Western Standard LLC’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
2025 Q4	–	Sell	-180,000	Closed	-$120M	–	35
2025 Q3	$120M	Buy	+180,000	New	+$115M	35.57%	1
2024 Q2	–	Sell	-140,000	Closed	-$73.2M	–	27
2024 Q1	$73.2M	Buy	+140,000	New	+$69.7M	35.08%	1
2023 Q3	–	Sell	-315,000	Closed	-$457K	–	34
2023 Q2	$457K	Buy	+315,000	New	+$132M	0.39%	29
2021 Q4	–	Sell	-25,000	Closed	-$311K	–	36
2021 Q3	$311K	Sell	25,000 -15,000	-38%	-$6.62M	0.18%	31
2021 Q2	$58K	Buy	+40,000	New	+$16.7M	0.03%	34
2018 Q4	–	Sell	-150,000	Closed	-$185K	–	54
2018 Q3	$185K	Buy	+150,000	New	+$42.7M	0.16%	43
2017 Q3	–	Sell	-625	Closed	-$114K	–	52
2017 Q2	$114K	Buy	+625	New	+$150K	0.16%	42
2017 Q1	–	Sell	-159	Closed	-$25K	–	44
2016 Q4	$25K	Buy	+159	New	+$34.7K	0.05%	32