SELECT SECTOR SPDR TR

Ticker: XLP CUSIP: 81369Y308 Class: Exchange Traded Fund

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q3 2014

Shares 49,500 Value ($000) $2,232 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	49,500	$2,232	—	—