Sandler Capital Management’s SPDR S&P Homebuilders ETF XHB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-406,700	Closed	-$15M	–	215
2015 Q1	$15M	Buy	+406,700	New	+$15M	0.93%	16