NWI Management’s SPDR S&P Oil & Gas Exploration & Production ETF XOP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-244,500	Closed	-$29.7M	–	39
2016 Q1	$29.7M	Sell	244,500 -5,500	-2%	-$668K	1.85%	15
2015 Q4	$30.2M	Buy	+250,000	New	+$30.2M	2.9%	11