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OUTFITTER ADVISORS, LTD.
> SPY
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | SPDR S&P 500 ETF TRUST | SPY | 3,071 | -60 | 833,000 | 9,000 | $271.25 |
| 03/31/2018 | SPDR S&P 500 ETF TRUST | SPY | 3,131 | -170 | 824,000 | -57,000 | $263.17 |
| 12/31/2017 | SPDR S&P 500 ETF TRUST | SPY | 3,301 | -100 | 881,000 | 27,000 | $266.89 |
| 09/30/2017 | SPDR S&P 500 ETF TRUST | SPY | 3,401 | -100 | 854,000 | 7,000 | $251.10 |
| 06/30/2017 | SPDR S&P 500 ETF TRUST | SPY | 3,501 | -150 | 847,000 | -14,000 | $241.93 |
| 03/31/2017 | SPDR S&P 500 ETF TRUST | SPY | 3,651 | 0 | 861,000 | 45,000 | $235.83 |
| 12/31/2016 | SPDR S&P 500 ETF TRUST | SPY | 3,651 | -185 | 816,000 | -14,000 | $223.50 |
| 09/30/2016 | SPDR S&P 500 ETF TRUST | SPY | 3,836 | 0 | 830,000 | 26,000 | $216.37 |
| 06/30/2016 | SPDR S&P 500 ETF TRUST | SPY | 3,836 | -150 | 804,000 | -15,000 | $209.59 |
| 03/31/2016 | SPDR S&P 500 ETF TRUST | SPY | 3,986 | 1,116 | 819,000 | 337,000 | $205.47 |
| 12/31/2015 | SPDR S&P 500 ETF TRUST | SPY | 3,240 | 370 | 661,000 | 179,000 | $204.01 |
| 09/30/2015 | SPDR S&P 500 ETF TRUST | SPY | 3,240 | -100 | 621,000 | -67,000 | $191.67 |
| 06/30/2015 | SPDR S&P 500 ETF TRUST | SPY | 3,340 | 470 | 688,000 | 206,000 | $205.99 |
| 03/31/2015 | SPDR S&P 500 ETF TRUST | SPY | 3,475 | 605 | 717,000 | 235,000 | $206.33 |
| 12/31/2014 | SPDR S&P 500 ETF TRUST | SPY | 3,575 | 705 | 735,000 | 253,000 | $205.59 |
| 09/30/2014 | SPDR S&P 500 ETF TRUST | SPY | 3,575 | 705 | 704,000 | 222,000 | $196.92 |
| 06/30/2014 | SPDR S&P 500 ETF TRUST | SPY | 3,990 | 1,120 | 781,000 | 299,000 | $195.74 |
| 03/31/2014 | SPDR S&P 500 ETF TRUST | SPY | 4,110 | 1,240 | 769,000 | 287,000 | $187.10 |
| 12/31/2013 | SPDR S&P 500 ETF TRUST | SPY | 4,110 | 1,240 | 759,000 | 277,000 | $184.67 |
| 09/30/2013 | SPDR S&P 500 ETF TRUST | SPY | 2,870 | -200 | 482,000 | 1,000 | $167.94 |
| 06/30/2013 | SPDR S&P 500 ETF TRUST | SPY | 2,870 | -200 | 460,000 | -21,000 | $160.28 |
| 03/31/2013 | SPDR S&P 500 ETF TRUST | SPY | 3,070 | -50 | 481,000 | 37,000 | $156.68 |
| 12/31/2012 | SPDR S&P 500 ETF TRUST | SPY | 3,120 | -100 | 444,000 | -20,000 | $142.31 |
| 09/30/2012 | SPDR S&P 500 ETF TRUST | SPY | 3,220 | -40 | 464,000 | 20,000 | $144.10 |
| 06/30/2012 | SPDR S&P 500 ETF TRUST | SPY | 3,260 | -200 | 444,000 | -43,000 | $136.20 |
| 03/31/2012 | SPDR S&P 500 ETF TRUST | SPY | 3,460 | 0 | 487,000 | 53,000 | $140.75 |
| 12/31/2011 | SPDR S&P 500 ETF TRUST | SPY | 3,460 | -50 | 434,000 | 37,000 | $125.43 |
| 09/30/2011 | SPDR S&P 500 ETF TRUST | SPY | 3,510 | -250 | 397,000 | -99,000 | $113.11 |
| 06/30/2011 | SPDR S&P 500 ETF TRUST | SPY | 3,760 | -100 | 496,000 | -16,000 | $131.91 |
| 03/31/2011 | SPDR S&P 500 ETF TRUST | SPY | 3,860 | -100 | 512,000 | 14,000 | $132.64 |
| 12/31/2010 | SPDR S&P 500 ETF TRUST | SPY | 3,960 | 0 | 498,000 | 46,000 | $125.76 |
| 09/30/2010 | SPDR S&P 500 ETF TRUST | SPY | 3,960 | -50 | 452,000 | 38,000 | $114.14 |
| 06/30/2010 | SPDR S&P 500 ETF TRUST | SPY | 4,010 | 0 | 414,000 | -55,000 | $103.24 |
| 03/31/2010 | SPDR S&P 500 ETF TRUST | SPY | 4,010 | 0 | 469,000 | 22,000 | $116.96 |
| 12/31/2009 | SPDR S&P 500 ETF TRUST | SPY | 4,010 | -250 | 447,000 | -3,000 | $111.47 |
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