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	-23,900	Closed	-$7.09M	–	63
2019 Q3	$7.09M	Buy	+23,900	New	+$7.06M	2.88%	13
2019 Q2	–	Sell	-50,000	Closed	-$14.1M	–	46
2019 Q1	$14.1M	Buy	50,000 +47,000	+1,567%	+$12.8M	2.79%	14
2018 Q4	$75M	Sell	3,000 -147,000	-98%	-$39.6M	18.3%	2
2018 Q3	$43.6M	Buy	150,000 +50,000	+50%	+$14.2M	6.17%	10
2018 Q2	$27.1M	Hold	100,000	–	–	4.37%	12
2018 Q1	$26.3M	Hold	100,000	–	–	3.91%	13
2017 Q4	$26.7M	Sell	100,000 -25,000	-20%	-$6.5M	4.13%	13
2017 Q3	$31.4M	Hold	125,000	–	–	4.35%	11
2017 Q2	$30.2M	Buy	125,000 +25,000	+25%	+$5.99M	9.62%	2
2017 Q1	$23.6M	Sell	100,000 -25,000	-20%	-$5.81M	7%	6
2016 Q4	$27.9M	Sell	125,000 -20,000	-14%	-$4.37M	10.11%	4
2016 Q3	$31.4M	Sell	145,000 -5,000	-3%	-$1.08M	9.35%	5
2016 Q2	$31.4M	Sell	150,000 -150,000	-50%	-$31.1M	7.58%	4
2016 Q1	$61.7M	Buy	300,000 +91,500	+44%	+$17.9M	17.16%	2
2015 Q4	$42.5M	Sell	208,500 -439,500	-68%	-$90.3M	13.28%	2
2015 Q3	$124M	Sell	648,000 -150,100	-19%	-$30.4M	29.57%	1
2015 Q2	$164M	Buy	798,100 +298,100	+60%	+$62.7M	24.04%	1
2015 Q1	$103M	Buy	+500,000	New	+$103M	13.01%	1
2014 Q4	–	Sell	-357,600	Closed	-$70.5M	–	43
2014 Q3	$70.5M	Hold	357,600	–	–	8.13%	3
2014 Q2	$70M	Hold	357,600	–	–	14.86%	3
2014 Q1	$66.9M	Buy	+357,600	New	+$65.6M	12.21%	3