XLE β€” SECTOR SPDR TR SBI INT-ENERGY ETF

Ownership history in AVALON CAPITAL MANAGEMENT  Β·  11 quarters on record

This page tracks every 13F SEC filing in which AVALON CAPITAL MANAGEMENT reported a position in SECTOR SPDR TR SBI INT-ENERGY ETF (XLE). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
13.67% (2010 Q4)
πŸ“Š Avg. % of fund
4.14%
πŸ“… First filed
2010 Q4
πŸ“… Last filed
2025 Q3
⏱ Quarters held
11

Position Intelligence

AVALON CAPITAL MANAGEMENT Γ— XLE AI Analytics

πŸ“‰ AVALON CAPITAL MANAGEMENT underperformed the S&P 500 by –76.1% annually on this XLE position. Timing score: 50% (5/10 decisions correct). Average cost basis: $21.10. Maximum drawdown during holding period: –19.9%.

πŸ“ˆ Position Alpha vs SPY
-76.1%
annualised excess return

❌ Significantly underperformed the S&P 500 by 76.1% ann.
10 quarters analyzed

⏱️ Timing Score
50%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
5 of 10 add/trim decisions correct

πŸ’° Entry Quality
$21.10
+108.5% vs current ($44.00)

Best entry: $20.39 (2010 Q4)  Β·  Worst: $24.60 (2013 Q1)

πŸ›‘οΈ Drawdown Resilience
–19.9%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
27%
buy-side decisions

3 adds Β· 8 trims. Bought during 1 of 4 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.07% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    XLE price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 3,128 -13,344 -81.0% 0.07% $279K $44.00
2017 Q2 REDUCED 16,472 -3,618 -18.0% 0.79% $1.1M $22.31
2013 Q4 REDUCED 20,090 -22,148 -52.4% 1.50% $1.8M $27.85
2013 Q3 REDUCED 42,238 -7,678 -15.4% 3.46% $3.5M $25.96
2013 Q2 ADDED 49,916 +12,072 +31.9% 3.84% $3.9M $24.41
2013 Q1 ADDED 37,844 +24,819 +190.5% 2.71% $3.0M $24.60
2012 Q4 REDUCED 13,025 -10,730 -45.2% 1.00% $930K $22.06
2012 Q1 REDUCED 23,755 -45,432 -65.7% 1.72% $1.7M $21.84
2011 Q2 REDUCED 69,187 -35,279 -33.8% 7.14% $5.2M $22.66
2011 Q1 REDUCED 104,466 -72,722 -41.0% 9.65% $8.3M $23.90
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