Round Table Investment Management’s State Street SPDR S&P Bank ETF KBE Stock Holding History

Round Table Investment Management’s Portfolio KBE Stock Details KBE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-60,000	Closed	-$1.99M	–	42
2015 Q3	$1.99M	Hold	60,000	–	–	1.85%	14
2015 Q2	$2.18M	Buy	60,000 +15,000	+33%	+$525K	2.47%	11
2015 Q1	$1.51M	Sell	45,000 -5,000	-10%	-$163K	1.17%	22
2014 Q4	$1.68M	Buy	50,000 +20,000	+67%	+$652K	0.63%	16
2014 Q3	$957K	Buy	+30,000	New	+$975K	0.61%	25

Other funds holding KBE

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

MIFH

Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

PVH

Psagot Value Holdings Tel Aviv, Israel $11M AUM 32.09% 1-Year Est. Return

WBG

Wharton Business Group Malvern, Pennsylvania $2.65B AUM 20.73% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

Round Table Investment Management's KBE Position: Q4 2015 in Review

Round Table Investment Management sold out of State Street SPDR S&P Bank ETF (KBE) in Q4 2015, closing a stake of 60,000 shares — an estimated $1.99M sold.

Round Table Investment Management first reported a position in KBE in Q3 2014 and held it in 5 quarters. The position peaked at $2.18M in Q2 2015. 151 funds tracked by Wall St. Rank hold KBE as of Q4 2015.

Round Table Investment Management reported no remaining State Street SPDR S&P Bank ETF position as of Q4 2015 after selling out during the quarter.
Round Table Investment Management sold 60,000 State Street SPDR S&P Bank ETF shares in Q4 2015, an estimated $1.99M.
Round Table Investment Management first reported a position in State Street SPDR S&P Bank ETF in Q3 2014 and held it in 5 quarters.
Round Table Investment Management's State Street SPDR S&P Bank ETF position peaked at $2.18M in Q2 2015.
151 funds tracked by Wall St. Rank held State Street SPDR S&P Bank ETF as of Q4 2015.

Based on Round Table Investment Management's 13F filing for Q4 2015, filed 16 Feb 2016.