Water Island Capital’s SPDR S&P Homebuilders ETF XHB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-113,245	Closed	-$3.83M	–	105
2016 Q4	$3.83M	Buy	113,245 +9,098	+9%	+$308K	0.26%	56
2016 Q3	$3.54M	Buy	104,147 +23,176	+29%	+$787K	0.22%	51
2016 Q2	$2.72M	Buy	+80,971	New	+$2.72M	0.13%	57