Sorin Capital 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
2018 Q3	–	Sell	-1,000,000	Closed	-$271M	–	18
2018 Q2	$271M	Hold	1,000,000	–	–	26.4%	2
2018 Q1	$263M	Buy	1,000,000 +884,300	+764%	+$241M	37.52%	2
2017 Q4	$30.9M	Sell	115,700 -27,000	-19%	-$7.02M	9.87%	2
2017 Q3	$35.8M	Sell	142,700 -6,800	-5%	-$1.68M	28.45%	1
2017 Q2	$36.1M	Buy	149,500 +18,300	+14%	+$4.39M	33.41%	1
2017 Q1	$30.9M	Sell	131,200 -14,800	-10%	-$3.44M	46.55%	1
2016 Q4	$32.6M	Sell	146,000 -2,994,000	-95%	-$654M	46.12%	1
2016 Q3	$276M	Buy	3,140,000 +1,720,400	+121%	+$372M	50.22%	1
2016 Q2	$308M	Sell	1,419,600 -2,383,700	-63%	-$495M	13.6%	2
2016 Q1	$782M	Buy	+3,803,300	New	+$742M	75.56%	1
2015 Q4	–	Sell	-3,506,700	Closed	-$672M	–	9
2015 Q3	$672M	Buy	+3,506,700	New	+$711M	56.13%	1
2015 Q2	–	Sell	-5,100,000	Closed	-$9.44M	–	8
2015 Q1	$9.44M	Buy	+5,100,000	New	+$1.05B	8.62%	4