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OUTFITTER ADVISORS, LTD.
> XLU
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | SELECT SECTOR SPDR TRUST | XLU | 12,360 | -250 | 642,000 | 5,000 | $51.94 |
| 03/31/2018 | SELECT SECTOR SPDR TRUST | XLU | 12,610 | 0 | 637,000 | -27,000 | $50.52 |
| 12/31/2017 | SELECT SECTOR SPDR TRUST | XLU | 12,610 | 0 | 664,000 | -5,000 | $52.66 |
| 09/30/2017 | SELECT SECTOR SPDR TRUST | XLU | 12,610 | -100 | 669,000 | 9,000 | $53.05 |
| 06/30/2017 | SELECT SECTOR SPDR TRUST | XLU | 12,710 | -400 | 660,000 | -13,000 | $51.93 |
| 03/31/2017 | SELECT SECTOR SPDR TRUST | XLU | 13,110 | 250 | 673,000 | 48,000 | $51.33 |
| 12/31/2016 | SELECT SECTOR SPDR TRUST | XLU | 12,860 | 0 | 625,000 | -5,000 | $48.60 |
| 09/30/2016 | SELECT SECTOR SPDR TRUST | XLU | 12,860 | -255 | 630,000 | -58,000 | $48.99 |
| 06/30/2016 | SELECT SECTOR SPDR TRUST | XLU | 13,115 | 0 | 688,000 | 37,000 | $52.46 |
| 03/31/2016 | SELECT SECTOR SPDR TRUST | XLU | 13,115 | -690 | 651,000 | 135,000 | $49.64 |
| 12/31/2015 | SELECT SECTOR SPDR TRUST | XLU | 13,115 | -690 | 568,000 | 52,000 | $43.31 |
| 09/30/2015 | SELECT SECTOR SPDR TRUST | XLU | 13,115 | -140 | 568,000 | 18,000 | $43.31 |
| 06/30/2015 | SELECT SECTOR SPDR TRUST | XLU | 13,255 | -550 | 550,000 | 34,000 | $41.49 |
| 03/31/2015 | SELECT SECTOR SPDR TRUST | XLU | 13,255 | -550 | 589,000 | 73,000 | $44.44 |
| 12/31/2014 | SELECT SECTOR SPDR TRUST | XLU | 13,255 | -550 | 626,000 | 110,000 | $47.23 |
| 09/30/2014 | SELECT SECTOR SPDR TRUST | XLU | 13,255 | -550 | 558,000 | 42,000 | $42.10 |
| 06/30/2014 | SELECT SECTOR SPDR TRUST | XLU | 13,255 | -550 | 587,000 | 71,000 | $44.29 |
| 03/31/2014 | SELECT SECTOR SPDR TRUST | XLU | 13,255 | -550 | 550,000 | 34,000 | $41.49 |
| 12/31/2013 | SELECT SECTOR SPDR TRUST | XLU | 14,055 | 250 | 534,000 | 18,000 | $37.99 |
| 09/30/2013 | SELECT SECTOR SPDR TRUST | XLU | 13,805 | 0 | 516,000 | -24,000 | $37.38 |
| 06/30/2013 | SELECT SECTOR SPDR TRUST | XLU | 13,805 | 0 | 519,000 | -21,000 | $37.60 |
| 03/31/2013 | SELECT SECTOR SPDR TRUST | XLU | 13,805 | 0 | 540,000 | 58,000 | $39.12 |
| 12/31/2012 | SELECT SECTOR SPDR TRUST | XLU | 13,805 | -240 | 482,000 | -29,000 | $34.91 |
| 09/30/2012 | SELECT SECTOR SPDR TRUST | XLU | 14,045 | -710 | 511,000 | -35,000 | $36.38 |
| 06/30/2012 | SELECT SECTOR SPDR TRUST | XLU | 14,755 | -340 | 546,000 | 17,000 | $37.00 |
| 03/31/2012 | SELECT SECTOR SPDR TRUST | XLU | 15,095 | -140 | 529,000 | -19,000 | $35.04 |
| 12/31/2011 | SELECT SECTOR SPDR TRUST | XLU | 15,235 | -250 | 548,000 | 27,000 | $35.97 |
| 09/30/2011 | SELECT SECTOR SPDR TRUST | XLU | 15,485 | 0 | 521,000 | 3,000 | $33.65 |
| 06/30/2011 | SELECT SECTOR SPDR TRUST | XLU | 15,485 | -550 | 518,000 | 7,000 | $33.45 |
| 03/31/2011 | SELECT SECTOR SPDR TRUST | XLU | 16,035 | -450 | 511,000 | -6,000 | $31.87 |
| 12/31/2010 | SELECT SECTOR SPDR TRUST | XLU | 16,485 | -100 | 517,000 | -3,000 | $31.36 |
| 09/30/2010 | SELECT SECTOR SPDR TRUST | XLU | 16,585 | -800 | 520,000 | 29,000 | $31.35 |
| 06/30/2010 | SELECT SECTOR SPDR TRUST | XLU | 17,385 | -3,935 | 491,000 | -141,000 | $28.24 |
| 03/31/2010 | SELECT SECTOR SPDR TRUST | XLU | 21,320 | -4,145 | 632,000 | -158,000 | $29.64 |
| 12/31/2009 | SELECT SECTOR SPDR TRUST | XLU | 25,465 | -750 | 790,000 | 21,000 | $31.02 |
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