Sandell Asset Management’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
2019 Q4	–	Sell	-100,000	Closed	-$29.7M	–	61
2019 Q3	$29.7M	Sell	100,000 -50,000	-33%	-$14.8M	12.04%	3
2019 Q2	$44M	Buy	150,000 +30,000	+25%	+$8.64M	5.24%	8
2019 Q1	$33.9M	Buy	120,000 +105,500	+728%	+$28.7M	6.7%	7
2018 Q4	$362M	Sell	14,500 -1,640,500	-99%	-$442M	88.47%	1
2018 Q3	$481M	Sell	1,655,000 -1,732,500	-51%	-$493M	68.09%	1
2018 Q2	$919M	Buy	3,387,500 +2,859,400	+541%	+$772M	148.12%	1
2018 Q1	$139M	Buy	528,100 +428,100	+428%	+$117M	20.64%	1
2017 Q4	$26.7M	Buy	100,000 +22,000	+28%	+$5.72M	4.13%	12
2017 Q3	$19.6M	Buy	+78,000	New	+$19.2M	2.71%	19
2017 Q2	–	Sell	-100,000	Closed	-$23.6M	–	34
2017 Q1	$23.6M	Sell	100,000 -110,000	-52%	-$25.6M	7%	5
2016 Q4	$46.9M	Buy	+210,000	New	+$45.9M	16.98%	2