Verger Capital Management’s State Street SPDR S&P Oil & Gas Exploration & Production ETF XOP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-39,313	Closed	-$5.85M	–	15
2017 Q4	$5.85M	Buy	39,313 +2,945	+8%	+$410K	2.28%	11
2017 Q3	$4.96M	Buy	36,368 +114	+0.3%	+$14.3K	1.94%	12
2017 Q2	$4.63M	Buy	36,254 +5,338	+17%	+$730K	2.01%	12
2017 Q1	$4.63M	Sell	30,916 -2,110	-6%	-$329K	2.06%	12
2016 Q4	$5.47M	Sell	33,026 -8,445	-20%	-$1.32M	2.43%	9
2016 Q3	$6.38M	Sell	41,471 -3,666	-8%	-$526K	2.85%	9
2016 Q2	$6.29M	Sell	45,137 -4,674	-9%	-$642K	2.62%	9
2016 Q1	$6.05M	Sell	49,811 -3,705	-7%	-$401K	2.77%	9
2015 Q4	$6.47M	Sell	53,516 -64,110	-55%	-$9.13M	3.3%	9
2015 Q3	$15.5M	Buy	117,626 +93,501	+388%	+$14.3M	8.52%	3
2015 Q2	$4.5M	Buy	+24,125	New	+$4.93M	2.21%	7