Panning Capital Management’s SPDR Bloomberg High Yield Bond ETF JNK Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-333,333	Closed	-$33.9M	–	7
2015 Q4	$33.9M	Buy	+333,333	New	+$33.9M	19.28%	2