Nine Masts Capital’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$2.92M	Buy	+540,000	New	+$367M	0.42%	30
2025 Q4	–	Sell	-200,000	Closed	-$2.46M	–	156
2025 Q3	$2.46M	Buy	200,000 +10,000	+5%	+$6.41M	1.01%	18
2025 Q2	$8.64M	Hold	190,000	–	–	3.15%	8
2025 Q1	$3.29M	Sell	190,000 -135,000	-42%	-$79.3M	2.18%	9
2024 Q4	$1.8M	Buy	+325,000	New	+$191M	0.32%	34
2022 Q2	–	Sell	-30,000	Closed	-$147K	–	53
2022 Q1	$147K	Buy	+30,000	New	+$13.4M	0.03%	38
2018 Q2	–	Sell	-2,500	Closed	-$330K	–	367
2018 Q1	$330K	Buy	+2,500	New	+$682K	0.05%	112
2017 Q4	–	Sell	-750	Closed	-$182K	–	296
2017 Q3	$182K	Buy	+750	New	+$185K	0.03%	86
2017 Q1	–	Sell	-7	Closed	-$32K	–	91
2016 Q4	$32K	Buy	+7	New	+$1.53K	0.01%	59
2016 Q1	–	Sell	-100,000	Closed	-$539K	–	104
2015 Q4	$539K	Sell	100,000 -395,400	-80%	-$81.2M	0.11%	54
2015 Q3	$1.22M	Buy	+495,400	New	+$100M	0.31%	39