SPDR S&P 500 ETF TR

Ticker: SPY CUSIP: 78462F103 Class: TR UNIT

Azarias Capital Management, L.P.'s Holding History (CIK: 0001625279)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 106,461 Value ($000) $72,598 Avg Close — Range —
Q3 2025
Shares 106,461 Value ($000) $70,922 Avg Close — Range —
Q2 2025
Shares 106,461 Value ($000) $65,777 Avg Close — Range —
Q1 2025
Shares 106,461 Value ($000) $59,553 Avg Close — Range —