SELECT SECTOR SPDR TR

Ticker: XLY CUSIP: 81369Y407 Class: SBI CONS DISCR

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

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

Q3 2018

Shares 38,900 Value ($000) $4,560 Avg Close — Range —

Q2 2018

Shares 64,971 Value ($000) $7,101 Avg Close — Range —

Q1 2018

Shares 47,608 Value ($000) $4,822 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	38,900	$4,560	—	—
Q2 2018	64,971	$7,101	—	—
Q1 2018	47,608	$4,822	—	—