SELECT SECTOR SPDR TR

Ticker: XLF CUSIP: 81369Y605 Class: FINANCIAL

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

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

Q4 2017
Shares 155,000 Value ($000) $4,326 Avg Close — Range —
Q4 2014
Shares 210,000 Value ($000) $5,193 Avg Close — Range —
Q1 2014
Shares 680,659 Value ($000) $15,206 Avg Close — Range —
Q4 2013
Shares 762,856 Value ($000) $16,676 Avg Close — Range —