White Mountains Advisors’s Vanguard S&P 500 ETF VOO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-55,096	Closed	-$16.9M	–	3
2020 Q3	$16.9M	Sell	55,096 -70,000	-56%	-$21.3M	20.01%	2
2020 Q2	$35.5M	Hold	125,096	–	–	8.01%	3
2020 Q1	$29.6M	Hold	125,096	–	–	7.34%	3
2019 Q4	$37M	Hold	125,096	–	–	7.09%	3
2019 Q3	$34.1M	Hold	125,096	–	–	6.74%	3
2019 Q2	$33.7M	Sell	125,096 -56,619	-31%	-$15M	6.74%	3
2019 Q1	$47.2M	Hold	181,715	–	–	7.3%	2
2018 Q4	$41.8M	Hold	181,715	–	–	6.77%	2
2018 Q3	$48.5M	Hold	181,715	–	–	7.19%	2
2018 Q2	$45.3M	Sell	181,715 -60,000	-25%	-$14.9M	8.11%	2
2018 Q1	$58.5M	Sell	241,715 -85,239	-26%	-$21.4M	9.88%	2
2017 Q4	$80.2M	Hold	326,954	–	–	11.59%	2
2017 Q3	$75.4M	Sell	326,954 -1,500	-0.5%	-$340K	13.02%	2
2017 Q2	$72.9M	Buy	328,454 +204,515	+165%	+$45M	10.49%	2
2017 Q1	$26.8M	Hold	123,939	–	–	8.11%	3
2016 Q4	$25.4M	Buy	123,939 +38,700	+45%	+$7.77M	9.41%	3
2016 Q3	$16.9M	Sell	85,239 -6,100	-7%	-$1.21M	18.72%	2
2016 Q2	$17.6M	Sell	91,339 -241,261	-73%	-$45.9M	26.77%	2
2016 Q1	$62.7M	Buy	332,600 +31,900	+11%	+$5.71M	19.51%	3
2015 Q4	$56.2M	Hold	300,700	–	–	16.8%	3
2015 Q3	$52.8M	Hold	300,700	–	–	16.77%	3
2015 Q2	$56.8M	Buy	+300,700	New	+$58M	16.7%	3
2014 Q4	$103M	Buy	+544,885	New	+$100M	53.87%	1