SELECT SECTOR SPDR TR

Ticker: XLV CUSIP: 81369Y209 Class: SBI HEALTHCARE

Baldwin Investment Management, LLC's Holding History (CIK: 0001346378)

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

Q1 2017
Shares 4,300 Value ($000) $320 Avg Close — Range —
Q4 2016
Shares 4,300 Value ($000) $296 Avg Close — Range —
Q3 2016
Shares 4,300 Value ($000) $310 Avg Close — Range —
Q2 2016
Shares 4,300 Value ($000) $308 Avg Close — Range —
Q1 2016
Shares 4,300 Value ($000) $291 Avg Close — Range —
Q4 2015
Shares 4,300 Value ($000) $310 Avg Close — Range —
Q3 2015
Shares 4,300 Value ($000) $285 Avg Close — Range —
Q2 2015
Shares 4,300 Value ($000) $320 Avg Close — Range —
Q1 2015
Shares 4,300 Value ($000) $312 Avg Close — Range —
Q4 2014
Shares 4,300 Value ($000) $294 Avg Close — Range —
Q3 2014
Shares 4,300 Value ($000) $275 Avg Close — Range —
Q2 2014
Shares 4,300 Value ($000) $262 Avg Close — Range —
Q1 2014
Shares 4,300 Value ($000) $252 Avg Close — Range —
Q4 2013
Shares 4,300 Value ($000) $238 Avg Close — Range —
Q3 2013
Shares 4,300 Value ($000) $218 Avg Close — Range —
Q2 2013
Shares 4,300 Value ($000) $205 Avg Close — Range —