Verger Capital Management’s Energy Select Sector SPDR Fund XLE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-261,738	Closed	-$20.3M	–	10
2015 Q1	$20.3M	Buy	261,738 +117,438	+81%	+$9.11M	9.76%	4
2014 Q4	$11.4M	Buy	+144,300	New	+$11.4M	7.56%	4