Sandler Capital Management’s State Street SPDR S&P Regional Banking ETF KRE Stock Holding History

Sandler Capital Management’s Portfolio KRE Stock Details KRE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-126,000	Closed	-$7.15M	–	139
2017 Q3	$7.15M	Buy	+126,000	New	+$6.77M	0.89%	47
2017 Q2	–	Sell	-99,862	Closed	-$5.45M	–	172
2017 Q1	$5.45M	Sell	99,862 -173,408	-63%	-$9.71M	0.37%	103
2016 Q4	$15.2M	Buy	273,270 +19,880	+8%	+$973K	1.36%	17
2016 Q3	$10.7M	Buy	+253,390	New	+$10.4M	1.32%	28
2016 Q1	–	Sell	-230,000	Closed	-$9.64M	–	141
2015 Q4	$9.64M	Buy	+230,000	New	+$9.94M	0.92%	35
2015 Q3	–	Sell	-147,500	Closed	-$6.51M	–	162
2015 Q2	$6.51M	Buy	+147,500	New	+$6.27M	0.58%	68
2014 Q3	–	Sell	-241,500	Closed	-$9.74M	–	208
2014 Q2	$9.74M	Buy	+241,500	New	+$9.5M	0.41%	97
2014 Q1	–	Sell	-1,180,900	Closed	-$48M	–	210
2013 Q4	$48M	Buy	1,180,900 +1,150,900	+3,836%	+$44.1M	1.55%	8
2013 Q3	$1.07M	Sell	30,000 -653,275	-96%	-$23.6M	0.03%	161
2013 Q2	$23.1M	Buy	+683,275	New	+$21.8M	0.87%	29

Other funds holding KRE

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

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

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

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

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

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

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

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

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Bank of Nova Scotia Toronto, Ontario, Canada $57.2B AUM 35.3% 1-Year Est. Return

Sandler Capital Management's KRE Position: Q4 2017 in Review

Sandler Capital Management sold out of State Street SPDR S&P Regional Banking ETF (KRE) in Q4 2017, closing a stake of 126,000 shares — an estimated $7.15M sold.

Sandler Capital Management first reported a position in KRE in Q2 2013 and held it in 10 quarters. The position peaked at $48M in Q4 2013. 409 funds tracked by Wall St. Rank hold KRE as of Q4 2017.

Sandler Capital Management reported no remaining State Street SPDR S&P Regional Banking ETF position as of Q4 2017 after selling out during the quarter.
Sandler Capital Management sold 126,000 State Street SPDR S&P Regional Banking ETF shares in Q4 2017, an estimated $7.15M.
Sandler Capital Management first reported a position in State Street SPDR S&P Regional Banking ETF in Q2 2013 and held it in 10 quarters.
Sandler Capital Management's State Street SPDR S&P Regional Banking ETF position peaked at $48M in Q4 2013.
409 funds tracked by Wall St. Rank held State Street SPDR S&P Regional Banking ETF as of Q4 2017.

Based on Sandler Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.