Sandler Capital Management’s Industrial Select Sector SPDR Fund XLI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q3	–	Sell	-500,000	Closed	-$21.3M	–	192
2013 Q2	$21.3M	Buy	+500,000	New	+$21.3M	0.8%	25