Vulcan Value Partners’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
2026 Q1	–	Sell	-6,023	Closed	-$4.14M	–	39
2025 Q4	$4.14M	Buy	6,023 +5,720	+1,888%	+$3.87M	0.07%	40
2025 Q3	$203K	Buy	+303	New	+$194K	﹤0.01%	40
2025 Q1	–	Sell	-13,518	Closed	-$7.9M	–	50
2024 Q4	$7.9M	Buy	+13,518	New	+$7.96M	0.13%	45
2024 Q1	–	Sell	-3,472	Closed	-$1.64M	–	49
2023 Q4	$1.64M	Buy	+3,472	New	+$1.55M	0.02%	46
2023 Q1	–	Sell	-33,614	Closed	-$12.8M	–	46
2022 Q4	$12.8M	Buy	+33,614	New	+$12.9M	0.17%	40
2022 Q1	–	Sell	-7,670	Closed	-$3.64M	–	39
2021 Q4	$3.64M	Buy	+7,670	New	+$3.52M	0.02%	38
2017 Q1	–	Sell	-15,126	Closed	-$3.38M	–	58
2016 Q4	$3.38M	Buy	+15,126	New	+$3.3M	0.03%	53
2016 Q1	–	Sell	-1,220	Closed	-$249K	–	73
2015 Q4	$249K	Buy	+1,220	New	+$251K	﹤0.01%	53
2015 Q2	–	Sell	-1,456	Closed	-$301K	–	66
2015 Q1	$301K	Buy	+1,456	New	+$300K	﹤0.01%	63
2014 Q4	–	Sell	-6,335	Closed	-$1.25M	–	76
2014 Q3	$1.25M	Buy	+6,335	New	+$1.25M	0.02%	66