COURAGE CAPITAL MANAGEMENT LLC Activity Q4 2002-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
FB	Sell	Humana Inc	$2,402	-7.0%	8,000	-11.1%	8.15%	+14.9%
MTNB	Exit	Meta Platforms Inc	$0	–	-331,846	–	-0.33%	–
BRY	Exit	Berry Corp	$0	–	-185,600	–	-3.50%	–
PDCE	Exit	PDC Energy Inc	$0	–	-18,000	–	-3.52%	–
CEIX	Exit	Consol Energy Inc New	$0	–	-22,315	–	-4.15%	–
OAS	Exit	Chord Energy Inc	$0	–	-11,000	–	-4.64%	–

Q2 2023

			Value		Shares		↓ Weighting
	New	Coherus Biosciences Incbond	$11,205	–	18,000,000	–	30.76%	–
PHYS	New	Sprott Physical Gold Trustetf	$3,946	–	264,500	–	10.83%	–
	New	General Dynamics Corpbond	$3,934	–	3,434,000	–	10.80%	–
AAAU	New	Goldman Sachs Physical Gold	$3,507	–	184,254	–	9.63%	–
FB	New	Microsoft Corp	$2,583	–	9,000	–	7.09%	–
OAS	New	Chord Energy Inc	$1,692	–	11,000	–	4.64%	–
HUM	New	Humana Inc	$1,520	–	3,400	–	4.17%	–
CEIX	New	Consol Energy Inc New	$1,513	–	22,315	–	4.15%	–
CCI	New	Crown Castle Intl	$1,367	–	12,000	–	3.75%	–
PDCE	New	PDC Energy Inc	$1,281	–	18,000	–	3.52%	–
BRY	New	Berry Corp	$1,277	–	185,600	–	3.50%	–
IAU	New	Johnson & Johnson Inc	$1,019	–	28,000	–	2.80%	–
GOOG	New	Alphabet Inc Class C	$665	–	5,500	–	1.82%	–
JNJ	New	Matinas Biopharma Holdings Inc	$331	–	2,000	–	0.91%	–
GD	New	General Dynamics Corp	$258	–	1,200	–	0.71%	–
CHRS	New	Coherus Biosciences Inc	$214	–	50,000	–	0.59%	–
MTNB	New	Meta Platforms Inc	$119	–	331,846	–	0.33%	–

Q4 2022

			Value		Shares		↓ Weighting
MTNB	Exit	Matinas Biopharma Holdings Inc	$0	–	-331,846	–	-0.46%	–
GD	Exit	General Dynamics Corp	$0	–	-1,200	–	-0.55%	–
PNFP	Exit	Pinnacle Financial Partners	$0	–	-4,000	–	-0.70%	–
JNJ	Exit	Johnson & Johnson Inc	$0	–	-2,000	–	-0.71%	–
GDXJ	Exit	Vaneck Vectors Junior Gold Miners ETFetf	$0	–	-29,760	–	-1.90%	–
IAU	Exit	Ishares Gold Trust	$0	–	-28,000	–	-1.91%	–
GOOG	Exit	Alphabet Inc Class C	$0	–	-10,500	–	-2.19%	–
MSFT	Exit	Microsoft Corp	$0	–	-5,061	–	-2.55%	–
PHYS	Exit	Sprott Physical Gold Trustetf	$0	–	-111,000	–	-3.08%	–
OR	Exit	Osisko Gold Royalties Ltd	$0	–	-147,843	–	-3.26%	–
CEIX	Exit	Consol Energy Inc New	$0	–	-29,533	–	-4.12%	–
CCI	Exit	Crown Castle Intl	$0	–	-15,000	–	-4.70%	–
ICE	Exit	Intercontinental Exchange Inc	$0	–	-26,600	–	-5.20%	–
PDCE	Exit	PDC Energy Inc	$0	–	-44,057	–	-5.51%	–
OAS	Exit	Chord Energy Inc	$0	–	-20,000	–	-5.92%	–
AAAU	Exit	Goldman Sachs Physical Gold	$0	–	-184,254	–	-6.58%	–
	Exit	Evolent Health Incbond	$0	–	-7,434,000	–	-20.20%	–
	Exit	Coherus Biosciences Incbond	$0	–	-18,000,000	–	-30.46%	–

Q3 2022

			Value		Shares		↓ Weighting
OAS	New	Chord Energy Inc	$2,735,000	–	20,000	–	5.92%	–
PDCE	Sell	PDC Energy Inc	$2,546,000	-26.1%	44,057	-21.2%	5.51%	-2.6%
CEIX	Sell	Consol Energy Inc New	$1,900,000	-45.8%	29,533	-58.4%	4.12%	-28.6%
MSFT	Sell	Microsoft Corp	$1,179,000	-37.7%	5,061	-31.2%	2.55%	-17.9%
GOOG	Buy	Alphabet Inc Class C	$1,010,000	-12.0%	10,500	+1900.0%	2.19%	+15.9%
VZ	Exit	Verizon Inc	$0	–	-32,500	–	-2.71%	–
LPI	Exit	Laredo Petroleum Inc	$0	–	-40,616	–	-4.60%	–
ATVI	Exit	Activision Blizzard Inc	$0	–	-40,000	–	-5.12%	–
WLL	Exit	Whiting Petroleum Corp	$0	–	-54,718	–	-6.12%	–
CHK	Exit	Chesapeake Energy Corp	$0	–	-61,315	–	-8.17%	–

Q2 2022

			Value		Shares		↓ Weighting
	New	Coherus Biosciences Incbond	$11,736,000	–	18,000,000	–	19.29%	–
	New	Evolent Health Incbond	$8,368,000	–	7,434,000	–	13.76%	–
CHK	New	Chesapeake Energy Corp	$4,973,000	–	61,315	–	8.17%	–
WLL	New	Whiting Petroleum Corp	$3,722,000	–	54,718	–	6.12%	–
CEIX	New	Consol Energy Inc New	$3,506,000	–	71,000	–	5.76%	–
PDCE	New	PDC Energy Inc	$3,445,000	–	55,924	–	5.66%	–
AAAU	New	Goldman Sachs Physical Gold	$3,306,000	–	184,254	–	5.43%	–
ATVI	New	Activision Blizzard Inc	$3,114,000	–	40,000	–	5.12%	–
LPI	New	Laredo Petroleum Inc	$2,800,000	–	40,616	–	4.60%	–
CCI	New	Crown Castle Intl	$2,526,000	–	15,000	–	4.15%	–
ICE	New	Intercontinental Exchange Inc	$2,501,000	–	26,600	–	4.11%	–
MSFT	New	Microsoft Corp	$1,891,000	–	7,361	–	3.11%	–
VZ	New	Verizon Inc	$1,649,000	–	32,500	–	2.71%	–
PHYS	New	Sprott Physical Gold Trustetf	$1,574,000	–	111,000	–	2.59%	–
OR	New	Osisko Gold Royalties Ltd	$1,493,000	–	147,843	–	2.45%	–
GOOG	New	Alphabet Inc Class C	$1,148,000	–	525	–	1.89%	–
IAU	New	Ishares Gold Trust	$961,000	–	28,000	–	1.58%	–
GDXJ	New	Vaneck Vectors Junior Gold Miners ETFetf	$952,000	–	29,760	–	1.56%	–
JNJ	New	Johnson & Johnson Inc	$355,000	–	2,000	–	0.58%	–
PNFP	New	Pinnacle Financial Partners	$289,000	–	4,000	–	0.48%	–
GD	New	General Dynamics Corp	$266,000	–	1,200	–	0.44%	–
MTNB	New	Matinas Biopharma Holdings Inc	$262,000	–	331,846	–	0.43%	–

Q4 2021

			Value		Shares		↓ Weighting
FIXX	Exit	Homology Medicines Inc	$0	–	-10,000	–	-0.04%	–
GD	Exit	General Dynamics Corp	$0	–	-1,200	–	-0.13%	–
MMM	Exit	3M Corp	$0	–	-1,500	–	-0.14%	–
JNJ	Exit	Johnson & Johnson Inc	$0	–	-2,000	–	-0.17%	–
CRSP	Exit	Crispr Therapeutics AG	$0	–	-3,050	–	-0.18%	–
EDIT	Exit	Editas Inc	$0	–	-9,000	–	-0.20%	–
PNFP	Exit	Pinnacle Financial Partners	$0	–	-4,000	–	-0.20%	–
IMRN	Exit	Immuron Limitedwarrants	$0	–	-115,620	–	-0.25%	–
NTLA	Exit	Intellia Therapeutics Inc	$0	–	-4,000	–	-0.29%	–
INNV	Exit	Innovage Holding Corp	$0	–	-107,000	–	-0.38%	–
GLD	Exit	SPDR Gold Sharesetf	$0	–	-4,625	–	-0.41%	–
PHYS	Exit	Sprott Physical Gold Trustetf	$0	–	-61,000	–	-0.45%	–
IAU	Exit	Ishares Gold Trust	$0	–	-28,000	–	-0.50%	–
GDX	Exit	Vaneck Vectors Gold Miners ETFetf	$0	–	-32,779	–	-0.52%	–
GDXJ	Exit	Vaneck Vectors Junior Gold Miners ETFetf	$0	–	-29,760	–	-0.61%	–
NVCR	Exit	Novocure Ltd	$0	–	-10,000	–	-0.62%	–
VMW	Exit	VMware Inc	$0	–	-8,000	–	-0.64%	–
EA	Exit	Electronic Arts Incput	$0	–	-10,000	–	-0.76%	–
EA	Exit	Electronic Arts Inc	$0	–	-10,000	–	-0.76%	–
TBT	Exit	Proshares Ultrashort 20 Treasuryetf	$0	–	-80,000	–	-0.79%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-3,700	–	-0.85%	–
FB	Exit	Facebook Inc Class A	$0	–	-5,950	–	-1.08%	–
MTNB	Exit	Matinas Biopharma Holdings Inc	$0	–	-1,700,000	–	-1.18%	–
GOOG	Exit	Alphabet Inc Class C	$0	–	-900	–	-1.28%	–
AAAU	Exit	Goldman Sachs Physical Gold	$0	–	-191,854	–	-1.79%	–
GDP	Exit	Goodrich Petroleum	$0	–	-162,224	–	-2.06%	–
OR	Exit	Osisko Gold Royalties Ltd	$0	–	-356,525	–	-2.14%	–
ICE	Exit	Intercontinental Exchange Inc	$0	–	-38,000	–	-2.34%	–
MSFT	Exit	Microsoft Corp	$0	–	-15,861	–	-2.40%	–
CCI	Exit	Crown Castle Intl	$0	–	-29,500	–	-2.74%	–
CMAX	Exit	Caremax Inc	$0	–	-620,242	–	-3.21%	–
VZ	Exit	Verizon Inc	$0	–	-115,000	–	-3.33%	–
EXC	Exit	Exelon Corp	$0	–	-130,000	–	-3.37%	–
VEI	Exit	Vine Energy Inc	$0	–	-461,135	–	-4.07%	–
VTRS	Exit	Viatris Inc	$0	–	-590,000	–	-4.28%	–
TLMD	Exit	Soc Telemed Inc	$0	–	-3,990,000	–	-4.83%	–
EVH	Exit	Evolent Health Inc	$0	–	-300,000	–	-4.98%	–
BCEI	Exit	Bonanza Creek Energy	$0	–	-214,104	–	-5.49%	–
	Exit	Evolent Health Incbond	$0	–	-8,500,000	–	-8.22%	–
	Exit	Evolent Health Incbond	$0	–	-13,934,000	–	-8.55%	–
	Exit	Coherus Biosciences Incbond	$0	–	-40,000,000	–	-23.77%	–

Q3 2021

			Value		Shares		↓ Weighting
	New	Evolent Health Incbond	$15,351,000	–	8,500,000	–	8.22%	–
BCEI	New	Bonanza Creek Energy	$10,256,000	–	214,104	–	5.49%	–
EVH	Sell	Evolent Health Inc	$9,300,000	-11.9%	300,000	-40.0%	4.98%	-21.1%
TLMD	Buy	Soc Telemed Inc	$9,017,000	+58.5%	3,990,000	+299.0%	4.83%	+42.0%
VEI	Sell	Vine Energy Inc	$7,595,000	-25.6%	461,135	-29.6%	4.07%	-33.4%
EXC	New	Exelon Corp	$6,284,000	–	130,000	–	3.37%	–
CMAX	Buy	Caremax Inc	$5,992,000	-9.9%	620,242	+20.4%	3.21%	-19.2%
GDP	New	Goodrich Petroleum	$3,838,000	–	162,224	–	2.06%	–
AAAU	Sell	Goldman Sachs Physical Gold	$3,350,000	-21.3%	191,854	-20.7%	1.79%	-29.5%
MTNB	Buy	Matinas Biopharma Holdings Inc	$2,210,000	+90.2%	1,700,000	+13.3%	1.18%	+70.4%
TBT	New	Proshares Ultrashort 20 Treasuryetf	$1,468,000	–	80,000	–	0.79%	–
EA	Buy	Electronic Arts Inc	$1,423,000	+97.9%	10,000	+100.0%	0.76%	+77.2%
EA	Buy	Electronic Arts Incput	$1,423,000	+97.9%	10,000	+100.0%	0.76%	+77.2%
GLD	Sell	SPDR Gold Sharesetf	$760,000	-68.6%	4,625	-68.4%	0.41%	-71.9%
INNV	Sell	Innovage Holding Corp	$707,000	-84.0%	107,000	-48.3%	0.38%	-85.6%
MARA	Exit	Marathon Digital Holdings Inc	$0	–	-17,100	–	-0.32%	–
CANO	Exit	Cano Health Inc	$0	–	-200,000	–	-1.45%	–
OAS	Exit	Oasis Petroleum Inc	$0	–	-122,227	–	-7.35%	–

Q2 2021

			Value		Shares		↓ Weighting
	New	Coherus Biosciences Incbond	$40,883,000	–	40,000,000	–	24.44%	–
	New	Evolent Health Incbond	$13,263,000	–	13,934,000	–	7.93%	–
OAS	New	Oasis Petroleum Inc	$12,290,000	–	122,227	–	7.35%	–
EVH	New	Evolent Health Inc	$10,560,000	–	500,000	–	6.31%	–
VEI	New	Vine Energy Inc	$10,215,000	–	655,229	–	6.11%	–
VTRS	New	Viatris Inc	$8,431,000	–	590,000	–	5.04%	–
CMAX	New	Caremax Inc	$6,647,000	–	515,242	–	3.97%	–
VZ	New	Verizon Inc	$6,443,000	–	115,000	–	3.85%	–
CCI	New	Crown Castle Intl	$5,755,000	–	29,500	–	3.44%	–
TLMD	New	Soc Telemed Inc	$5,690,000	–	1,000,000	–	3.40%	–
OR	New	Osisko Gold Royalties Ltd	$4,884,000	–	356,525	–	2.92%	–
ICE	New	Intercontinental Exchange Inc	$4,511,000	–	38,000	–	2.70%	–
INNV	New	Innovage Holding Corp	$4,411,000	–	207,000	–	2.64%	–
MSFT	New	Microsoft Corp	$4,297,000	–	15,861	–	2.57%	–
AAAU	New	Goldman Sachs Physical Gold	$4,257,000	–	241,854	–	2.54%	–
GLD	New	SPDR Gold Shares ETF	$2,422,000	–	14,625	–	1.45%	–
CANO	New	Cano Health Inc	$2,420,000	–	200,000	–	1.45%	–
GOOG	New	Alphabet Inc Class C	$2,256,000	–	900	–	1.35%	–
NVCR	New	Novocure Ltd	$2,218,000	–	10,000	–	1.33%	–
FB	New	Facebook Inc Class A	$2,069,000	–	5,950	–	1.24%	–
SPY	New	SPDR S&P 500 ETFetf	$1,584,000	–	3,700	–	0.95%	–
GDXJ	New	Vaneck Vectors Junior Gold Miners ETFetf	$1,391,000	–	29,760	–	0.83%	–
VMW	New	VMware Inc	$1,280,000	–	8,000	–	0.76%	–
MTNB	New	Matinas Biopharma Holdings Inc	$1,162,000	–	1,500,000	–	0.70%	–
GDX	New	Vaneck Vectors Gold Miners ETFetf	$1,114,000	–	32,779	–	0.67%	–
IAU	New	Ishares Gold Trust	$944,000	–	28,000	–	0.56%	–
PHYS	New	Spoptt Physical Gold Trustetf	$856,000	–	61,000	–	0.51%	–
EA	New	Electronic Arts Incput	$719,000	–	5,000	–	0.43%	–
EA	New	Electronic Arts Inc	$719,000	–	5,000	–	0.43%	–
NTLA	New	Intellia Therapeutics Inc	$648,000	–	4,000	–	0.39%	–
MARA	New	Marathon Digital Holdings Inc	$536,000	–	17,100	–	0.32%	–
EDIT	New	Editas Inc	$510,000	–	9,000	–	0.30%	–
CRSP	New	Crispr Therapeutics AG	$494,000	–	3,050	–	0.30%	–
PNFP	New	Pinnacle Financial Partners	$353,000	–	4,000	–	0.21%	–
JNJ	New	Johnson & Johnson Inc	$329,000	–	2,000	–	0.20%	–
MMM	New	3M Corp	$298,000	–	1,500	–	0.18%	–
GD	New	General Dynamics Corp	$226,000	–	1,200	–	0.14%	–
IMRN	New	Immuron Limitedwarrants	$136,000	–	115,620	–	0.08%	–
FIXX	New	Homology Medicines Inc	$73,000	–	10,000	–	0.04%	–

Q4 2020

			Value		Shares		↓ Weighting
JNJ	Exit	Johnson & Johnson Inc.	$0	–	-2,000	–	-0.33%	–
CRSP	Exit	Crispr Therapeutics AG	$0	–	-3,800	–	-0.36%	–
WTI	Exit	W&T Offshore Inc.call	$0	–	-200,000	–	-0.40%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-1,200	–	-0.45%	–
DTE	Exit	DTE Energy Corp.	$0	–	-6,987	–	-0.90%	–
DUK	Exit	Duke Energy Corp.	$0	–	-9,302	–	-0.92%	–
IMRN	Exit	Immuron Limitedwarrants	$0	–	-115,620	–	-0.97%	–
TME	Exit	Tencent Holdings Ltd.	$0	–	-14,600	–	-1.10%	–
IAU	Exit	Ishares Gold Trustetf	$0	–	-56,000	–	-1.12%	–
STX	Exit	Seagate Technology	$0	–	-22,000	–	-1.21%	–
NVCR	Exit	Novocure Ltd	$0	–	-10,000	–	-1.24%	–
FE	Exit	FirstEnergy Corp	$0	–	-42,000	–	-1.35%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-900	–	-1.48%	–
ACHC	Exit	Acadia Healthcare Inc.	$0	–	-45,000	–	-1.48%	–
FB	Exit	Facebook Inc. Class A	$0	–	-5,950	–	-1.74%	–
	Exit	Microsoft Corp.	$0	–	-7,500	–	-1.76%	–
AAAU	Exit	Perth Mint Physical Gold ETFetf	$0	–	-95,154	–	-2.00%	–
NKLA	Exit	Nikol Corp.put	$0	–	-90,000	–	-2.06%	–
HNGR	Exit	Hanger Inc.	$0	–	-123,214	–	-2.18%	–
GLD	Exit	SPDR Gold Shares ETFetf	$0	–	-14,625	–	-2.89%	–
EIX	Exit	Edison Intl	$0	–	-71,049	–	-4.03%	–
GDXJ	Exit	Vaneck Vectors Gold Miners ETFetf	$0	–	-93,538	–	-4.09%	–
VZ	Exit	Verizon Inc.	$0	–	-65,000	–	-4.32%	–
GDX	Exit	Vaneck Vectors Junior Gold Miners ETFetf	$0	–	-77,010	–	-4.76%	–
ANTM	Exit	Anthem Inc.	$0	–	-16,100	–	-4.83%	–
	Exit	Centene Corp.	$0	–	-80,000	–	-5.21%	–
EVH	Exit	Evolent Health Inc	$0	–	-400,000	–	-5.54%	–
CCI	Exit	Crown Castle Intl	$0	–	-33,000	–	-6.14%	–
MYL	Exit	Mylan NV	$0	–	-575,000	–	-9.52%	–
	Exit	Evolent Health Incbond	$0	–	-13,934,000	–	-11.78%	–
SPY	Exit	SPDR S&P 500 ETFput	$0	–	-37,000	–	-13.84%	–

Q3 2020

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETFput	$12,391,000	–	37,000	–	13.84%	–
	Buy	Evolent Health Incbond	$10,546,000	+69.2%	13,934,000	+41.7%	11.78%	+2.7%
MYL	Buy	Mylan NV	$8,527,000	+32.6%	575,000	+43.8%	9.52%	-19.6%
EVH	Buy	Evolent Health Inc	$4,964,000	+248.6%	400,000	+100.0%	5.54%	+111.5%
	Buy	Centene Corp.	$4,666,000	+83.6%	80,000	+100.0%	5.21%	+11.4%
ANTM	Buy	Anthem Inc.	$4,324,000	+228.8%	16,100	+222.0%	4.83%	+99.5%
GDX	Buy	Vaneck Vectors Junior Gold Miners ETFetf	$4,263,000	+34.8%	77,010	+20.8%	4.76%	-18.2%
VZ	New	Verizon Inc.	$3,867,000	–	65,000	–	4.32%	–
GDXJ	Buy	Vaneck Vectors Gold Miners ETFetf	$3,663,000	+28.9%	93,538	+20.8%	4.09%	-21.8%
EIX	Buy	Edison Intl	$3,612,000	+18.8%	71,049	+26.9%	4.03%	-27.9%
GLD	Buy	SPDR Gold Shares ETFetf	$2,590,000	+20.1%	14,625	+13.5%	2.89%	-27.2%
HNGR	Sell	Hanger Inc.	$1,949,000	-42.7%	123,214	-40.0%	2.18%	-65.2%
NKLA	New	Nikol Corp.put	$1,843,000	–	90,000	–	2.06%	–
AAAU	Buy	Perth Mint Physical Gold ETFetf	$1,789,000	+27.7%	95,154	+20.7%	2.00%	-22.5%
FE	New	FirstEnergy Corp	$1,206,000	–	42,000	–	1.35%	–
STX	New	Seagate Technology	$1,084,000	–	22,000	–	1.21%	–
TME	New	Tencent Holdings Ltd.	$988,000	–	14,600	–	1.10%	–
IMRN	Sell	Immuron Limitedwarrants	$867,000	-0.3%	115,620	-1.3%	0.97%	-39.5%
DUK	New	Duke Energy Corp.	$824,000	–	9,302	–	0.92%	–
DTE	New	DTE Energy Corp.	$804,000	–	6,987	–	0.90%	–
WTI	New	W&T Offshore Inc.call	$360,000	–	200,000	–	0.40%	–
JNJ	New	Johnson & Johnson Inc.	$298,000	–	2,000	–	0.33%	–
PNFP	Exit	Pinnacle Financial Partners	$0	–	-5,000	–	-0.39%	–
UHS	Exit	Universal Health Services Class B	$0	–	-13,000	–	-2.22%	–
HCA	Exit	HCA Healthcare Inc.	$0	–	-52,500	–	-9.38%	–

Q2 2020

			Value		Shares		↓ Weighting
MYL	New	Mylan NV	$6,432,000	–	400,000	–	11.84%	–
	New	Evolent Health Incbond	$6,232,000	–	9,834,000	–	11.47%	–
CCI	New	Crown Castle Intl	$5,523,000	–	33,000	–	10.17%	–
HCA	New	HCA Healthcare Inc.	$5,096,000	–	52,500	–	9.38%	–
HNGR	New	Hanger Inc.	$3,399,000	–	205,263	–	6.26%	–
GDX	New	Vaneck Vectors Gold Miners ETFetf	$3,162,000	–	63,776	–	5.82%	–
EIX	New	Edison International	$3,041,000	–	56,000	–	5.60%	–
GDXJ	New	Vaneck Vectors Junior Gold Miners ETFetf	$2,841,000	–	77,464	–	5.23%	–
	New	Centene Corp.	$2,542,000	–	40,000	–	4.68%	–
GLD	New	SPDR Gold Shares ETFetf	$2,157,000	–	12,885	–	3.97%	–
	New	Microsoft Corp.	$1,526,000	–	7,500	–	2.81%	–
EVH	New	Evolent Health Inc	$1,424,000	–	200,000	–	2.62%	–
AAAU	New	Perth Mint Physical Gold ETFetf	$1,401,000	–	78,803	–	2.58%	–
FB	New	Facebook Inc. Class A	$1,351,000	–	5,950	–	2.49%	–
ANTM	New	Anthem Inc.	$1,315,000	–	5,000	–	2.42%	–
GOOG	New	Alphabet Inc. Class C	$1,272,000	–	900	–	2.34%	–
UHS	New	Universal Health Services Class B	$1,208,000	–	13,000	–	2.22%	–
ACHC	New	Acadia Healthcare Inc.	$1,130,000	–	45,000	–	2.08%	–
IAU	New	Ishares Gold Trustetf	$951,000	–	56,000	–	1.75%	–
IMRN	New	Immuron Limitedwarrants	$870,000	–	117,101	–	1.60%	–
NVCR	New	Novocure	$593,000	–	10,000	–	1.09%	–
SPY	New	SPDR S&P 500 ETFetf	$370,000	–	1,200	–	0.68%	–
CRSP	New	Crispr Therapeutics AG	$279,000	–	3,800	–	0.51%	–
PNFP	New	Pinnacle Financial Partners	$210,000	–	5,000	–	0.39%	–

Q4 2019

			Value		Shares		↓ Weighting
FIXX	Exit	Homology Medicines	$0	–	-10,000	–	-0.29%	–
CPB	Exit	Campbell Soup Co.	$0	–	-4,500	–	-0.34%	–
IMRN	Exit	Immuron Limitedwarrants	$0	–	-107,101	–	-0.51%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-1,194	–	-0.57%	–
XLF	Exit	SPDR Financial ETFetf	$0	–	-17,000	–	-0.76%	–
GLD	Exit	SPDR Gold Shares ETFetf	$0	–	-4,500	–	-1.00%	–
NVCR	Exit	Novocure	$0	–	-10,000	–	-1.20%	–
FB	Exit	Facebook	$0	–	-8,500	–	-2.43%	–
IAU	Exit	Ishares Gold Trustetf	$0	–	-112,000	–	-2.53%	–
AMZN	Exit	Amazon.com Inc.	$0	–	-1,000	–	-2.78%	–
ANTM	Exit	Anthem Inc.	$0	–	-7,500	–	-2.89%	–
CPRI	Exit	Capri Holdings Ltd	$0	–	-82,500	–	-4.38%	–
ACHC	Exit	Acadia Healthcare Inc.	$0	–	-100,000	–	-4.98%	–
UNH	Exit	UnitedHealth Group Inc.	$0	–	-15,000	–	-5.22%	–
VER	Exit	Vereit	$0	–	-1,975,000	–	-30.95%	–
HNGR	Exit	Hanger	$0	–	-1,199,151	–	-39.16%	–

Q3 2019

			Value		Shares		↓ Weighting
HNGR	Sell	Hanger	$24,439,000	+4.3%	1,199,151	-2.0%	39.16%	-1.5%
ACHC	New	Acadia Healthcare Inc.	$3,108,000	–	100,000	–	4.98%	–
FB	Sell	Facebook	$1,514,000	-37.3%	8,500	-32.0%	2.43%	-40.8%
NVCR	Sell	Novocure	$748,000	-40.9%	10,000	-50.0%	1.20%	-44.2%
CPB	New	Campbell Soup Co.	$211,000	–	4,500	–	0.34%	–

Q2 2019

			Value		Shares		↓ Weighting
HNGR	New	Hanger	$23,427,000	–	1,223,364	–	39.77%	–
VER	New	Vereit	$17,795,000	–	1,975,000	–	30.21%	–
UNH	New	UnitedHealth Group Inc.	$3,660,000	–	15,000	–	6.21%	–
CPRI	New	Capri Holdings Ltd	$2,861,000	–	82,500	–	4.86%	–
FB	New	Facebook	$2,413,000	–	12,500	–	4.10%	–
ANTM	New	Anthem Inc.	$2,117,000	–	7,500	–	3.59%	–
AMZN	New	Amazon.com Inc.	$1,894,000	–	1,000	–	3.22%	–
IAU	New	Ishares Gold Trustetf	$1,512,000	–	112,000	–	2.57%	–
NVCR	New	Novocure	$1,265,000	–	20,000	–	2.15%	–
GLD	New	SPDR Gold Shares ETFetf	$599,000	–	4,500	–	1.02%	–
XLF	New	SPDR Financial ETFetf	$469,000	–	17,000	–	0.80%	–
SPY	New	SPDR S&P 500 ETFetf	$350,000	–	1,194	–	0.59%	–
IMRN	New	Immuron Limitedwarrants	$342,000	–	107,101	–	0.58%	–
FIXX	New	Homology Medicines	$196,000	–	10,000	–	0.33%	–

Q4 2018

			Value		Shares		↓ Weighting
NTLA	Exit	Intellia Therapeutics	$0	–	-7,000	–	-0.11%	–
FIXX	Exit	Homology Medicines	$0	–	-10,000	–	-0.12%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-1,194	–	-0.19%	–
DBVT	Exit	DBV Technologies	$0	–	-20,545	–	-0.25%	–
VCIT	Exit	Vanguard Scottsdale Bond Fundetf	$0	–	-5,600	–	-0.25%	–
XLF	Exit	SPDR Financial ETFetf	$0	–	-17,000	–	-0.25%	–
WMT	Exit	Walmart Stores	$0	–	-5,550	–	-0.28%	–
CNAT	Exit	Conatus Pharmaceuticals	$0	–	-150,050	–	-0.47%	–
IMRN	Exit	Immuron Limitedwarrants	$0	–	-107,101	–	-0.55%	–
IAU	Exit	Ishares Gold Trustetf	$0	–	-112,000	–	-0.69%	–
GLD	Exit	SPDR Gold Shares ETFetf	$0	–	-11,500	–	-0.70%	–
FB	Exit	Facebookput	$0	–	-10,000	–	-0.89%	–
UBNT	Exit	Ubiquiti Networksput	$0	–	-20,000	–	-1.07%	–
KORS	Exit	Michael Korsput	$0	–	-50,000	–	-1.86%	–
FB	Exit	Facebook	$0	–	-29,800	–	-2.66%	–
MIK	Exit	Michaels Companies	$0	–	-329,379	–	-2.90%	–
KORS	Exit	Michael Kors	$0	–	-82,500	–	-3.06%	–
NVCR	Exit	Novocureput	$0	–	-120,000	–	-3.41%	–
NVCR	Exit	Novocure	$0	–	-120,000	–	-3.41%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-6,000	–	-3.88%	–
VER	Exit	Vereit	$0	–	-1,975,000	–	-7.77%	–
ACHC	Exit	Acadia Healthcare	$0	–	-485,000	–	-9.25%	–
AABA	Exit	Altaba	$0	–	-750,000	–	-27.68%	–
HNGR	Exit	Hanger	$0	–	-2,507,923	–	-28.30%	–

Q3 2018

			Value		Shares		↓ Weighting
HNGR	New	Hanger	$52,240,000	–	2,507,923	–	28.30%	–
AABA	Sell	Altaba	$51,090,000	-17.9%	750,000	-11.8%	27.68%	-40.5%
ACHC	Buy	Acadia Healthcare	$17,072,000	+4.3%	485,000	+21.2%	9.25%	-24.4%
NVCR	New	Novocureput	$6,288,000	–	120,000	–	3.41%	–
NVCR	Sell	Novocure	$6,288,000	-27.0%	120,000	-56.4%	3.41%	-47.0%
KORS	Buy	Michael Kors	$5,656,000	+24.0%	82,500	+20.4%	3.06%	-10.1%
MIK	Buy	Michaels Companies	$5,346,000	+21.6%	329,379	+43.6%	2.90%	-11.8%
FB	Buy	Facebook	$4,901,000	+80.2%	29,800	+112.9%	2.66%	+30.7%
FB	New	Facebookput	$1,645,000	–	10,000	–	0.89%	–
CNAT	Sell	Conatus Pharmaceuticals	$870,000	-16.3%	150,050	-38.3%	0.47%	-39.4%
FIXX	New	Homology Medicines	$229,000	–	10,000	–	0.12%	–
NTLA	Sell	Intellia Therapeutics	$200,000	-53.7%	7,000	-55.7%	0.11%	-66.6%
JONE	Exit	Jones Energy Inc. Cl A	$0	–	-37,864	–	-0.01%	–
AYTU	Exit	Aytu Biosciences	$0	–	-150,000	–	-0.03%	–
GALT	Exit	Galectin Therapeutics	$0	–	-22,126	–	-0.10%	–
	Exit	Web.combond	$0	–	-250,000	–	-0.19%	–
EDIT	Exit	Editas Medicine	$0	–	-8,400	–	-0.22%	–
CRSP	Exit	Crispr Therapeutics	$0	–	-7,200	–	-0.32%	–

Q2 2018

			Value		Shares		↓ Weighting
AABA	New	Altaba	$62,229,000	–	850,000	–	46.49%	–
ACHC	New	Acadia Healthcare	$16,364,000	–	400,000	–	12.23%	–
VER	New	Vereit	$14,694,000	–	1,975,000	–	10.98%	–
NVCR	New	Novocure	$8,608,000	–	275,000	–	6.43%	–
GOOG	New	Alphabet Inc. Class C	$6,694,000	–	6,000	–	5.00%	–
KORS	New	Michael Kors	$4,562,000	–	68,500	–	3.41%	–
MIK	New	Michaels Companies	$4,397,000	–	229,379	–	3.28%	–
KORS	New	Michael Korsput	$3,330,000	–	50,000	–	2.49%	–
FB	New	Facebook	$2,720,000	–	14,000	–	2.03%	–
UBNT	New	Ubiquiti Networksput	$1,694,000	–	20,000	–	1.27%	–
GLD	New	SPDR Gold Shares ETFetf	$1,364,000	–	11,500	–	1.02%	–
IAU	New	Ishares Gold Trustetf	$1,346,000	–	112,000	–	1.01%	–
IMRN	New	Immuron Limitedwarrants	$1,088,000	–	107,101	–	0.81%	–
CNAT	New	Conatus Pharmaceuticals	$1,040,000	–	243,000	–	0.78%	–
WMT	New	Walmart Stores	$475,000	–	5,550	–	0.36%	–
VCIT	New	Vanguard Scottsdale Bond Fundetf	$468,000	–	5,600	–	0.35%	–
XLF	New	SPDR Financial ETFetf	$452,000	–	17,000	–	0.34%	–
NTLA	New	Intellia Therapeutics	$432,000	–	15,800	–	0.32%	–
CRSP	New	Crispr Therapeutics	$423,000	–	7,200	–	0.32%	–
DBVT	New	DBV Technologies	$396,000	–	20,545	–	0.30%	–
SPY	New	SPDR S&P 500 ETFetf	$324,000	–	1,194	–	0.24%	–
EDIT	New	Editas Medicine	$301,000	–	8,400	–	0.22%	–
	New	Web.combond	$249,000	–	250,000	–	0.19%	–
GALT	New	Galectin Therapeutics	$141,000	–	22,126	–	0.10%	–
AYTU	New	Aytu Biosciences	$39,000	–	150,000	–	0.03%	–
JONE	New	Jones Energy Inc. Cl A	$14,000	–	37,864	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
IMRNW	Exit	Immuron Warrantsadr	$0	–	-45,297	–	-0.03%	–
IMRN	Exit	Immuron Ord Shsadr	$0	–	-10,000	–	-0.04%	–
	Exit	Web.com Groupbond	$0	–	-250,000	–	-0.17%	–
GALT	Exit	Galectin Therapeutics Ord Shs	$0	–	-130,000	–	-0.19%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-1,194	–	-0.20%	–
WMT	Exit	Walmart Stores Ord Shs	$0	–	-5,550	–	-0.29%	–
VCIT	Exit	Vanguard Scottsdale Bond Fundetf	$0	–	-5,600	–	-0.33%	–
DSW	Exit	DSW Ord Shscall	$0	–	-25,000	–	-0.36%	–
CNAT	Exit	Conatus Pharmaceuticals Ord Shs	$0	–	-200,000	–	-0.74%	–
GDX	Exit	Vaneck Vectors Gold Miners ETFetf	$0	–	-56,400	–	-0.87%	–
NVCR	Exit	Novocure Ord Shs	$0	–	-75,000	–	-1.00%	–
FB	Exit	Facebook Ord Shs	$0	–	-9,000	–	-1.03%	–
DBVT	Exit	DBV Technologies Ord Shs	$0	–	-45,000	–	-1.28%	–
FRGI	Exit	Fiesta Restaurant Group Ord Shs	$0	–	-112,925	–	-1.44%	–
KORS	Exit	Michael Kors Ord Shsput	$0	–	-50,000	–	-1.60%	–
GLD	Exit	SPDR Gold Shares ETFetf	$0	–	-23,625	–	-1.92%	–
GOOG	Exit	Alphabet Inc. Class C Ord Shs	$0	–	-8,500	–	-5.45%	–
VER	Exit	Vereit Ord Shs	$0	–	-1,650,000	–	-9.15%	–
IWM	Exit	Ishares Russell 2000 Index ETFetf	$0	–	-120,000	–	-11.90%	–
AABA	Exit	Altaba Ord Shs	$0	–	-1,400,000	–	-62.04%	–

Q3 2017

			Value		Shares		↓ Weighting
IWM	New	Ishares Russell 2000 Index ETFetf	$17,782,000	–	120,000	–	11.90%	–
VER	Buy	Vereit Ord Shs	$13,679,000	+15.9%	1,650,000	+13.8%	9.15%	+50.8%
GOOG	Sell	Alphabet Inc. Class C Ord Shs	$8,152,000	-15.5%	8,500	-20.0%	5.45%	+9.9%
KORS	New	Michael Kors Ord Shsput	$2,393,000	–	50,000	–	1.60%	–
FRGI	Sell	Fiesta Restaurant Group Ord Shs	$2,146,000	-43.6%	112,925	-38.7%	1.44%	-26.6%
DBVT	Buy	DBV Technologies Ord Shs	$1,910,000	+78.3%	45,000	+50.0%	1.28%	+131.9%
NVCR	Sell	Novocure Ord Shs	$1,489,000	-42.6%	75,000	-50.0%	1.00%	-25.3%
DSW	New	DSW Ord Shscall	$537,000	–	25,000	–	0.36%	–
IMRNW	New	Immuron Warrantsadr	$50,000	–	45,297	–	0.03%	–
AMZN	Exit	Amazon Ord Shs	$0	–	-1,110	–	-0.55%	–
BKD	Exit	Brookdale Senior Living Ord Shscall	$0	–	-200,000	–	-1.51%	–
CHTR	Exit	Charter Communications Ord Shs	$0	–	-9,200	–	-1.59%	–
SPY	Exit	SPDR S&P 500 ETFput	$0	–	-305,000	–	-37.92%	–

Q2 2017

			Value		Shares		↓ Weighting
AABA	New	Altaba Ord Shs	$76,272,000	–	1,400,000	–	39.22%	–
SPY	New	SPDR S&P 500 ETFput	$73,749,000	–	305,000	–	37.92%	–
VER	New	Vereit Ord Shs	$11,803,000	–	1,450,000	–	6.07%	–
GOOG	New	Alphabet Inc. Class C Ord Shs	$9,653,000	–	10,623	–	4.96%	–
FRGI	New	Fiesta Restaurant Group Ord Shs	$3,806,000	–	184,333	–	1.96%	–
CHTR	New	Charter Communications Ord Shs	$3,099,000	–	9,200	–	1.59%	–
BKD	New	Brookdale Senior Living Ord Shscall	$2,942,000	–	200,000	–	1.51%	–
GLD	New	SPDR Gold Shares ETFetf	$2,788,000	–	23,625	–	1.43%	–
NVCR	New	Novocure Ord Shs	$2,595,000	–	150,000	–	1.33%	–
FB	New	Facebook Ord Shs	$1,359,000	–	9,000	–	0.70%	–
GDX	New	Vaneck Vectors Gold Miners ETFetf	$1,245,000	–	56,400	–	0.64%	–
CNAT	New	Conatus Pharmaceuticals Ord Shs	$1,152,000	–	200,000	–	0.59%	–
AMZN	New	Amazon Ord Shs	$1,074,000	–	1,110	–	0.55%	–
DBVT	New	DBV Technologies Ord Shs	$1,071,000	–	30,000	–	0.55%	–
VCIT	New	Vanguard Scottsdale Bond Fundetf	$490,000	–	5,600	–	0.25%	–
WMT	New	Walmart Stores Ord Shs	$420,000	–	5,550	–	0.22%	–
GALT	New	Galectin Therapeutics Ord Shs	$320,000	–	130,000	–	0.16%	–
SPY	New	SPDR S&P 500 ETFetf	$289,000	–	1,194	–	0.15%	–
	New	Web.com Groupbond	$250,000	–	250,000	–	0.13%	–
IMRN	New	Immuron Ord Shsadr	$86,000	–	10,000	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
FESLQ	Exit	Forbes Energy Services Ord Shs	$0	–	-293,059	–	-0.02%	–
GALT	Exit	Galectin Therapeutics Ord Shs	$0	–	-130,000	–	-0.06%	–
CNAT	Exit	Conatus Pharmaceuticals Ord Shs	$0	–	-100,000	–	-0.08%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-1,194	–	-0.10%	–
WMT	Exit	WalMart Stores Ord Shs	$0	–	-5,550	–	-0.15%	–
VCIT	Exit	Vanguard Scottsdale Bond Fundetf	$0	–	-5,600	–	-0.19%	–
FB	Exit	Facebook Ord Shs	$0	–	-9,000	–	-0.44%	–
GDX	Exit	Vaneck Vectors Gold Miners ETFetf	$0	–	-56,400	–	-0.58%	–
ATRS	Exit	Antares Pharmaceuticals Ord Shs	$0	–	-934,462	–	-0.60%	–
BJRI	Exit	BJ's restaurants Ord Shs	$0	–	-82,415	–	-1.13%	–
GLD	Exit	SPDR Gold Shares ETFetf	$0	–	-23,625	–	-1.14%	–
GOOG	Exit	Alphabet Inc Class C Non-voting	$0	–	-4,902	–	-1.47%	–
VER	Exit	Vereit Ord Shs	$0	–	-381,500	–	-1.52%	–
NVCR	Exit	Novocure Ord Shs	$0	–	-500,000	–	-1.65%	–
FRGI	Exit	Fiesta Restaurant Group Ord Shs	$0	–	-300,000	–	-2.78%	–
YHOO	Exit	Yahoo Ord Shs	$0	–	-1,800,000	–	-29.91%	–
SPY	Exit	SPDR S&P 500 ETFput	$0	–	-697,500	–	-58.17%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETFput	$150,869,000	+71.5%	697,500	+66.1%	58.17%	+18.3%
YHOO	Buy	Yahoo Ord Shs	$77,580,000	+21.5%	1,800,000	+5.9%	29.91%	-16.2%
FRGI	New	Fiesta Restaurant Group Ord Shs	$7,200,000	–	300,000	–	2.78%	–
NVCR	New	Novocure Ord Shs	$4,270,000	–	500,000	–	1.65%	–
VER	Sell	Vereit Ord Shs	$3,956,000	-59.6%	381,500	-60.5%	1.52%	-72.1%
BJRI	Sell	BJ's restaurants Ord Shs	$2,930,000	-30.7%	82,415	-14.6%	1.13%	-52.2%
ATRS	Buy	Antares Pharmaceuticals Ord Shs	$1,570,000	+231.9%	934,462	+107.7%	0.60%	+129.2%
GDX	New	Vaneck Vectors Gold Miners ETFetf	$1,491,000	–	56,400	–	0.58%	–
CNAT	New	Conatus Pharmaceuticals Ord Shs	$200,000	–	100,000	–	0.08%	–
GALT	New	Galectin Therapeutics Ord Shs	$147,000	–	130,000	–	0.06%	–
GDXJ	Exit	Market Vectors Gold Miners ETFetf	$0	–	-56,400	–	-0.87%	–
NAT	Exit	North American Tankers Ltdput	$0	–	-172,200	–	-1.34%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETFput	$87,982,000	–	420,000	–	49.18%	–
YHOO	New	Yahoo Ord Shs	$63,852,000	–	1,700,000	–	35.69%	–
VER	New	Vereit Ord Shs	$9,791,000	–	965,600	–	5.47%	–
BJRI	New	BJ's restaurants Ord Shs	$4,230,000	–	96,510	–	2.36%	–
GOOG	New	Alphabet Inc Class C Non-voting	$3,393,000	–	4,902	–	1.90%	–
GLD	New	SPDR Gold Shares ETFetf	$2,988,000	–	23,625	–	1.67%	–
NAT	New	North American Tankers Ltdput	$2,392,000	–	172,200	–	1.34%	–
GDXJ	New	Market Vectors Gold Miners ETFetf	$1,563,000	–	56,400	–	0.87%	–
FB	New	Facebook Ord Shs	$1,029,000	–	9,000	–	0.58%	–
VCIT	New	Vanguard Scottsdale Bond Fundetf	$501,000	–	5,600	–	0.28%	–
ATRS	New	Antares Pharmaceuticals Ord Shs	$473,000	–	450,000	–	0.26%	–
WMT	New	WalMart Stores Ord Shs	$405,000	–	5,550	–	0.23%	–
SPY	New	SPDR S&P 500 ETFetf	$250,000	–	1,194	–	0.14%	–
FESLQ	New	Forbes Energy Services Ord Shs	$54,000	–	293,059	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
FESLQ	Exit	Forbes Energy Services Ord Shs	$0	–	-293,059	–	-0.12%	–
ZNGA	Exit	Zynga Ord Shs Class A	$0	–	-92,486	–	-0.16%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-1,194	–	-0.18%	–
WMT	Exit	WalMart Stores Ord Shs	$0	–	-5,550	–	-0.28%	–
FRGI	Exit	Fiesta Restaurant Group Ord Shs	$0	–	-9,671	–	-0.34%	–
VCIT	Exit	Vanguard Scottsdale Bond Fundetf	$0	–	-5,600	–	-0.36%	–
LTRPA	Exit	Liberty TripAdvisor Holdings Ord Shs Series A	$0	–	-24,474	–	-0.42%	–
GGG	Exit	Graco Ord Shs	$0	–	-11,649	–	-0.60%	–
PAAS	Exit	Pan American Silver Ord Shsetf	$0	–	-174,048	–	-0.63%	–
JAH	Exit	Jarden Ord Shs	$0	–	-21,643	–	-0.81%	–
FOSL	Exit	Fossil Group Ord Shs	$0	–	-19,524	–	-0.83%	–
CFX	Exit	Colfax Ord Shs	$0	–	-51,033	–	-1.17%	–
ASCMA	Exit	Ascent Media Ord Shs Series A	$0	–	-57,726	–	-1.21%	–
GLD	Exit	SPDR Gols Shares ETFetf	$0	–	-14,875	–	-1.22%	–
LVNTA	Exit	Liberty Ventures Ord Shs Series A	$0	–	-43,157	–	-1.33%	–
PAH	Exit	Platform Specialty Products Ord Shs	$0	–	-155,717	–	-1.50%	–
SNI	Exit	Scripps Networks Interactive Ord Shs Class A	$0	–	-43,111	–	-1.62%	–
GOOG	Exit	Google Inc Class C Non-voting)	$0	–	-3,502	–	-1.63%	–
ORCL	Exit	Oracle Ord Shs	$0	–	-59,000	–	-1.63%	–
BKS	Exit	Barnes & Noble Ord Shs	$0	–	-180,400	–	-1.67%	–
HSY	Exit	Hershey Foods Ord Shs	$0	–	-27,871	–	-1.96%	–
MKL	Exit	Markel Ord Shs	$0	–	-3,227	–	-1.98%	–
HMHC	Exit	Houghton Mifflin Harcourt Ord Shs	$0	–	-132,000	–	-2.05%	–
POST	Exit	Post Holdings Ord Shs	$0	–	-49,781	–	-2.25%	–
QCOM	Exit	Qualcomm Ord Shs	$0	–	-56,000	–	-2.30%	–
COH	Exit	Coach Ord Shscall	$0	–	-150,000	–	-3.32%	–
SATS	Exit	EchoStar Ord Shs	$0	–	-106,151	–	-3.49%	–
HP	Exit	Helmerich & Payne Ord Shs	$0	–	-118,769	–	-4.29%	–
ASPS	Exit	Altisource Ord Shsput	$0	–	-300,000	–	-5.46%	–
VER	Exit	Vereit Ord Shs	$0	–	-1,300,000	–	-7.67%	–
	Exit	American Realty 3.75%bond	$0	–	-14,000,000	–	-9.90%	–
IWM	Exit	Ishares Russell 2000 ETFput	$0	–	-130,000	–	-10.85%	–
QQQ	Exit	Powershares QQQ Trust Ser 1put	$0	–	-150,000	–	-11.66%	–
YHOO	Exit	Yahoo Ord Shs	$0	–	-686,200	–	-15.16%	–

Q3 2015

			Value		Shares		↓ Weighting
YHOO	Buy	Yahoo Ord Shs	$19,838,000	-8.2%	686,200	+24.8%	15.16%	+28.7%
QQQ	Sell	Powershares QQQ Trust Ser 1put	$15,264,000	-28.7%	150,000	-25.0%	11.66%	-0.1%
IWM	Sell	Ishares Russell 2000 ETFput	$14,199,000	-65.0%	130,000	-60.0%	10.85%	-50.9%
VER	New	Vereit Ord Shs	$10,036,000	–	1,300,000	–	7.67%	–
HP	New	Helmerich & Payne Ord Shs	$5,613,000	–	118,769	–	4.29%	–
SATS	Buy	EchoStar Ord Shs	$4,568,000	+2.1%	106,151	+15.5%	3.49%	+43.2%
COH	New	Coach Ord Shscall	$4,340,000	–	150,000	–	3.32%	–
QCOM	Sell	Qualcomm Ord Shs	$3,009,000	-12.5%	56,000	-12.2%	2.30%	+22.6%
POST	New	Post Holdings Ord Shs	$2,942,000	–	49,781	–	2.25%	–
HMHC	New	Houghton Mifflin Harcourt Ord Shs	$2,681,000	–	132,000	–	2.05%	–
MKL	Sell	Markel Ord Shs	$2,588,000	-36.9%	3,227	-37.0%	1.98%	-11.5%
HSY	Sell	Hershey Foods Ord Shs	$2,561,000	-19.4%	27,871	-22.1%	1.96%	+12.9%
BKS	Buy	Barnes & Noble Ord Shs	$2,185,000	-49.0%	180,400	+9.3%	1.67%	-28.5%
SNI	Sell	Scripps Networks Interactive Ord Shs Class A	$2,121,000	-41.1%	43,111	-21.8%	1.62%	-17.5%
PAH	Buy	Platform Specialty Products Ord Shs	$1,970,000	-45.3%	155,717	+10.7%	1.50%	-23.3%
LVNTA	Sell	Liberty Ventures Ord Shs Series A	$1,741,000	-19.9%	43,157	-22.0%	1.33%	+12.3%
ASCMA	Sell	Ascent Media Ord Shs Series A	$1,581,000	-50.0%	57,726	-21.9%	1.21%	-29.8%
CFX	Sell	Colfax Ord Shs	$1,526,000	-40.4%	51,033	-8.0%	1.17%	-16.4%
FOSL	Sell	Fossil Group Ord Shs	$1,091,000	-37.3%	19,524	-22.1%	0.83%	-12.1%
JAH	Sell	Jarden Ord Shs	$1,058,000	-26.2%	21,643	-21.9%	0.81%	+3.5%
PAAS	Buy	Pan American Silver Ord Shsetf	$830,000	+61.2%	174,048	+190.1%	0.63%	+125.6%
GGG	Sell	Graco Ord Shs	$781,000	-26.3%	11,649	-22.0%	0.60%	+3.3%
LTRPA	Sell	Liberty TripAdvisor Holdings Ord Shs Series A	$543,000	-46.2%	24,474	-21.9%	0.42%	-24.5%
FRGI	Buy	Fiesta Restaurant Group Ord Shs	$439,000	+46.3%	9,671	+61.2%	0.34%	+105.5%
SPY	New	SPDR S&P 500 ETFetf	$229,000	–	1,194	–	0.18%	–
ZNGA	New	Zynga Ord Shs Class A	$211,000	–	92,486	–	0.16%	–
FESLQ	Buy	Forbes Energy Services Ord Shs	$155,000	+210.0%	293,059	+704.3%	0.12%	+337.0%
GOOGL	Exit	Google Inc Class A	$0	–	-2,493	–	-0.73%	–
AAPL	Exit	Apple Ord Shs	$0	–	-20,173	–	-1.38%	–
EBAY	Exit	Ebay Ord Shs	$0	–	-53,000	–	-1.74%	–
T104PS	Exit	American Realty Capital Properties REIT	$0	–	-850,000	–	-3.77%	–
QCOM	Exit	Qualcomm Ord Shscall	$0	–	-257,100	–	-8.77%	–

Q2 2015

			Value		Shares		↓ Weighting
IWM	New	Ishares Russell 2000 ETFput	$40,573,000	–	325,000	–	22.11%	–
YHOO	New	Yahoo Ord Shs	$21,610,000	–	550,000	–	11.78%	–
QQQ	New	Powershares QQQ Trust Ser 1put	$21,415,000	–	200,000	–	11.67%	–
QCOM	New	Qualcomm Ord Shscall	$16,102,000	–	257,100	–	8.77%	–
	New	American Realty 3.75%bond	$13,169,000	–	14,000,000	–	7.18%	–
ASPS	New	Altisource Ord Shsput	$9,237,000	–	300,000	–	5.03%	–
T104PS	New	American Realty Capital Properties REIT	$6,911,000	–	850,000	–	3.77%	–
SATS	New	EchoStar Ord Shs	$4,473,000	–	91,888	–	2.44%	–
BKS	New	Barnes & Noble Ord Shs	$4,283,000	–	165,000	–	2.33%	–
MKL	New	Markel Ord Shs	$4,102,000	–	5,123	–	2.24%	–
SNI	New	Scripps Networks Interactive Ord Shs Class A	$3,603,000	–	55,124	–	1.96%	–
PAH	New	Platform Specialty Products Ord Shs	$3,600,000	–	140,726	–	1.96%	–
QCOM	New	Post Holdings Ord Shs	$3,440,000	–	63,790	–	1.88%	–
EBAY	New	Ebay Ord Shs	$3,193,000	–	53,000	–	1.74%	–
HSY	New	Hershey Foods Ord Shs	$3,179,000	–	35,783	–	1.73%	–
ASCMA	New	Ascent Media Ord Shs Series A	$3,159,000	–	73,914	–	1.72%	–
CFX	New	Colfax Ord Shs	$2,559,000	–	55,459	–	1.39%	–
AAPL	New	Apple Ord Shs	$2,530,000	–	20,173	–	1.38%	–
ORCL	New	Oracle Ord Shs	$2,378,000	–	59,000	–	1.30%	–
LVNTA	New	Liberty Ventures Ord Shs Series A	$2,173,000	–	55,336	–	1.18%	–
GOOG	New	Google Inc Class C	$1,823,000	–	3,502	–	0.99%	–
FOSL	New	Fossil Group Ord Shs	$1,739,000	–	25,072	–	0.95%	–
GLD	New	SPDR Gold Shares ETFetf	$1,672,000	–	14,875	–	0.91%	–
JAH	New	Jarden Ord Shs	$1,434,000	–	27,712	–	0.78%	–
GOOGL	New	Google Inc Class A	$1,346,000	–	2,493	–	0.73%	–
GGG	New	Graco Ord Shs	$1,060,000	–	14,926	–	0.58%	–
LTRPA	New	Liberty Trip Advisor Holdings Ord Shs Series A	$1,010,000	–	31,345	–	0.55%	–
PAAS	New	Pan American Silver ETFetf	$515,000	–	60,000	–	0.28%	–
VCIT	New	Vanguard Scottsdale Bond Fundetf	$478,000	–	5,600	–	0.26%	–
WMT	New	WalMart Stores Ord Shs	$394,000	–	5,550	–	0.22%	–
FRGI	New	Fiesta Restaurant Group Ord Shs	$300,000	–	6,000	–	0.16%	–
FESLQ	New	Forbes Energy Ord Shs	$50,000	–	36,438	–	0.03%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	GOODRICH PETROL 5.00%bond	$0	–	-393,000	–	-0.38%	–
ACXM	Exit	Acxiom Ord Shs	$0	–	-44,680	–	-0.68%	–
MTD	Exit	Mettler Toledo Ord Shs	$0	–	-4,019	–	-0.94%	–
GGG	Exit	Graco Ord Shs	$0	–	-14,653	–	-0.98%	–
GOOG	Exit	Google Inc Class C	$0	–	-2,493	–	-1.32%	–
GOOGL	Exit	Google Inc Class A	$0	–	-2,493	–	-1.34%	–
FRGI	Exit	Fiesta Restaurant Group Ord Shs	$0	–	-34,404	–	-1.57%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-14,875	–	-1.58%	–
JAH	Exit	Jarden Ord Shs	$0	–	-30,504	–	-1.68%	–
WMT	Exit	Zynga Ord Shs	$0	–	-755,550	–	-2.24%	–
CPE	Exit	Callon Petroleum Ord Shs	$0	–	-387,620	–	-3.13%	–
DWA	Exit	Dreamworks Animation SKG Ord Shs Class A	$0	–	-145,000	–	-3.62%	–
SNI	Exit	Scripps Networks Interactive Ord Shs Class A	$0	–	-59,571	–	-4.26%	–
HSY	Exit	Hershey Foods Ord Shs	$0	–	-50,000	–	-4.37%	–
PAH	Exit	Platform Specialty Products Ord Shs	$0	–	-209,115	–	-4.80%	–
MKL	Exit	Markel Ord Shs	$0	–	-9,523	–	-5.55%	–
SATS	Exit	EchoStar Ord Shs	$0	–	-149,069	–	-6.66%	–
ASCMA	Exit	Ascent Media Ord Shs Series A	$0	–	-129,417	–	-7.14%	–
QCOM	Exit	Qualcomm Ord Shs	$0	–	-210,000	–	-8.67%	–
	Exit	GOODRICH PETROL 5.00%bond	$0	–	-9,832,000	–	-9.01%	–
IWM	Exit	Ishares Russell 2000 Index Etfput	$0	–	-300,000	–	-30.06%	–

Q3 2014

			Value		Shares		↓ Weighting
IWM	Sell	Ishares Russell 2000 Index Etfput	$32,805,000	-48.9%	300,000	-44.4%	30.06%	-26.8%
	Buy	GOODRICH PETROL 5.00%bond	$9,832,000	+72.8%	9,832,000	+78.5%	9.01%	+147.3%
QCOM	Buy	Qualcomm Ord Shs	$9,463,000	+273.4%	210,000	+556.2%	8.67%	+434.3%
ASCMA	Buy	Ascent Media Ord Shs Series A	$7,791,000	-2.5%	129,417	+6.9%	7.14%	+39.6%
SATS	Sell	EchoStar Ord Shs	$7,269,000	-20.7%	149,069	-13.9%	6.66%	+13.5%
MKL	Sell	Markel Ord Shs	$6,058,000	-21.3%	9,523	-18.9%	5.55%	+12.6%
PAH	Sell	Platform Specialty Products Ord Shs	$5,232,000	-17.7%	209,115	-7.8%	4.80%	+17.7%
HSY	Buy	Hershey Foods Ord Shs	$4,772,000	+28.0%	50,000	+30.6%	4.37%	+83.2%
SNI	Buy	Scripps Networks Interactive Ord Shs Class A	$4,652,000	+43.3%	59,571	+48.9%	4.26%	+105.1%
DWA	Sell	Dreamworks Animation SKG Ord Shs Class A	$3,954,000	-14.2%	145,000	-26.8%	3.62%	+22.8%
CPE	Sell	Callon Petroleum Ord Shs	$3,415,000	-58.1%	387,620	-44.6%	3.13%	-40.1%
WMT	Buy	Zynga Ord Shs	$2,449,000	+487.3%	755,550	+13513.5%	2.24%	+740.4%
JAH	Sell	Jarden Ord Shs	$1,834,000	-23.4%	30,504	-24.4%	1.68%	+9.6%
GLD	Sell	SPDR Gold Shares ETF	$1,729,000	-22.8%	14,875	-15.0%	1.58%	+10.4%
FRGI	Sell	Fiesta Restaurant Group Ord Shs	$1,709,000	-30.3%	34,404	-34.9%	1.57%	-0.3%
GGG	New	Graco Ord Shs	$1,069,000	–	14,653	–	0.98%	–
MTD	Sell	Mettler Toledo Ord Shs	$1,029,000	-41.9%	4,019	-42.6%	0.94%	-16.9%
ACXM	Sell	Acxiom Ord Shs	$739,000	-51.7%	44,680	-36.7%	0.68%	-30.9%
	Sell	GOODRICH PETROL 5.00%bond	$417,000	-90.1%	393,000	-88.4%	0.38%	-85.9%
DXMMQ	Exit	Dex Media Ord Shs	$0	–	-43,062	–	-0.31%	–
CVC	Exit	Cablevision Systems Ord Shs Class A	$0	–	-70,000	–	-0.79%	–
CRMT	Exit	America's Car-Mart Ord Shs	$0	–	-38,137	–	-0.97%	–
LYV	Exit	Live Nation Entertainment Ord Shs	$0	–	-71,268	–	-1.13%	–
NTAP	Exit	NetApp Ord Shsgold etf	$0	–	-50,000	–	-1.17%	–
AIG	Exit	American International Group Ord Shs	$0	–	-41,538	–	-1.45%	–
MAR	Exit	Marriott International Ord Shs	$0	–	-91,067	–	-3.74%	–

Q2 2014

			Value		Shares		↓ Weighting
IWM	New	Ishares Russell 2000 Index Etfput	$64,157,000	–	540,000	–	41.09%	–
SATS	New	EchoStar Ord Shs	$9,162,000	–	173,069	–	5.87%	–
CPE	New	Callon Petroleum Ord Shs	$8,151,000	–	699,620	–	5.22%	–
ASCMA	New	Ascent Media Ord Shs Series A	$7,988,000	–	121,016	–	5.12%	–
MKL	New	Markel Ord Shs	$7,699,000	–	11,743	–	4.93%	–
PAH	New	Platform Specialty Products Ord Shs	$6,360,000	–	226,905	–	4.07%	–
MAR	New	Marriott International Ord Shs	$5,837,000	–	91,067	–	3.74%	–
	New	GOODRICH PETROL 5.00%bond	$5,689,000	–	5,507,000	–	3.64%	–
DWA	New	Dreamworks Animation SKG Ord Shs Class A	$4,606,000	–	198,039	–	2.95%	–
	New	GOODRICH PETROL 5.00%bond	$4,220,000	–	3,393,000	–	2.70%	–
HSY	New	Hershey Foods Ord Shs	$3,727,000	–	38,279	–	2.39%	–
SNI	New	Scripps Networks Interactive Ord Shs Class A	$3,246,000	–	40,000	–	2.08%	–
QCOM	New	QUALCOMM Ord Shs	$2,534,000	–	32,000	–	1.62%	–
FRGI	New	Fiesta Restaurant Group Ord Shs	$2,452,000	–	52,830	–	1.57%	–
JAH	New	Jarden Ord Shs	$2,395,000	–	40,359	–	1.53%	–
AIG	New	American International Group Ord Shs	$2,267,000	–	41,538	–	1.45%	–
GLD	New	SPDR Gold Shares ETF	$2,241,000	–	17,500	–	1.44%	–
NTAP	New	NetApp Ord Shsgold etf	$1,826,000	–	50,000	–	1.17%	–
MTD	New	Mettler Toledo Ord Shs	$1,772,000	–	7,000	–	1.14%	–
LYV	New	Live Nation Entertainment Ord Shs	$1,760,000	–	71,268	–	1.13%	–
ACXM	New	Acxiom Ord Shs	$1,531,000	–	70,592	–	0.98%	–
CRMT	New	America's Car-Mart Ord Shs	$1,508,000	–	38,137	–	0.97%	–
GOOGL	New	Google Inc Class A	$1,458,000	–	2,493	–	0.93%	–
GOOG	New	Google Inc Class C	$1,434,000	–	2,493	–	0.92%	–
CVC	New	Cablevision Systems Ord Shs Class A	$1,236,000	–	70,000	–	0.79%	–
DXMMQ	New	Dex Media Ord Shs	$480,000	–	43,062	–	0.31%	–
WMT	New	WalMart Stores Ord Shs	$417,000	–	5,550	–	0.27%	–

Q4 2013

			Value		Shares		↓ Weighting
ERA	Exit	Era Group Ord Shs	$0	–	-9,730	–	-0.12%	–
WMT	Exit	WalMart Stores Ord Shs	$0	–	-5,550	–	-0.19%	–
	Exit	Comverse Ord Shs	$0	–	-13,100	–	-0.19%	–
ROVI	Exit	Rovi Ord Shs	$0	–	-25,000	–	-0.22%	–
AXLL	Exit	Axiall Ord Shs	$0	–	-15,000	–	-0.26%	–
KOPN	Exit	Kopin Ord Shs	$0	–	-148,506	–	-0.27%	–
DV	Exit	DeVry Ord Shs	$0	–	-20,372	–	-0.28%	–
BBRG	Exit	Bravo Brio Restaurant Group Ord Shs	$0	–	-41,997	–	-0.29%	–
DXMMQ	Exit	Dex Media Ord Shscall	$0	–	-100,000	–	-0.37%	–
IM	Exit	Ingram Micro Ord Shs Class A	$0	–	-35,255	–	-0.37%	–
ARCO	Exit	Arcos Dorados Holdings Ord Shs Class A	$0	–	-69,444	–	-0.37%	–
DXMMQ	Exit	Dex Media Ord Shs	$0	–	-112,178	–	-0.41%	–
FRGI	Exit	Fiesta Restaurant Group Ord Shs	$0	–	-25,000	–	-0.43%	–
PAAS	Exit	Pan American Silver Ord Shscall	$0	–	-100,000	–	-0.48%	–
PAAS	Exit	Pan American Silver Ord Shs	$0	–	-124,581	–	-0.60%	–
QCOM	Exit	QUALCOMM Ord Shs	$0	–	-32,000	–	-0.98%	–
GOOGL	Exit	Google Inc	$0	–	-2,493	–	-0.99%	–
AIG	Exit	American International Group Ord Shs	$0	–	-45,000	–	-0.99%	–
PRLB	Exit	Proto Labs Ord Shsput	$0	–	-30,000	–	-1.04%	–
NOV	Exit	National Oilwell Varco Ord Shs	$0	–	-30,000	–	-1.06%	–
CVC	Exit	Cablevision Systems Ord Shs Class A	$0	–	-160,000	–	-1.22%	–
BSMX	Exit	Grupo Financiero Santander Mexico	$0	–	-196,099	–	-1.23%	–
GLD	Exit	SPDR Gold Shares ETFgold etf	$0	–	-24,100	–	-1.40%	–
MS	Exit	Morgan Stanley Ord Shsput	$0	–	-120,000	–	-1.47%	–
CPE	Exit	Callon Petroleum Ord Shs	$0	–	-664,620	–	-1.65%	–
ZNGA	Exit	Zynga Ord Shs Class A	$0	–	-1,000,000	–	-1.67%	–
ISRG	Exit	Intuitive Surgical Ord Shscall	$0	–	-10,000	–	-1.71%	–
IL	Exit	IntraLinks Holdings Ord Shs	$0	–	-435,000	–	-1.74%	–
CRMT	Exit	America's Car-Mart Ord Shs	$0	–	-104,540	–	-2.14%	–
HLF	Exit	Herbalife Ord Shsput	$0	–	-70,000	–	-2.22%	–
LYV	Exit	Live Nation Entertainment Ord Shs	$0	–	-287,721	–	-2.42%	–
MAR	Exit	Marriott International Ord Shs	$0	–	-142,566	–	-2.72%	–
CVC	Exit	Cablevision Systems Ord Shs Class Acall	$0	–	-400,000	–	-3.06%	–
AMED	Exit	Amedisys Ord Shsput	$0	–	-400,000	–	-3.13%	–
DWA	Exit	Dreamworks Animation SKG Ord Shs Class A	$0	–	-256,198	–	-3.31%	–
	Exit	GoodRich Petroleum Corp 5%bond	$0	–	-7,000,000	–	-3.54%	–
MKL	Exit	Markel Ord Shs	$0	–	-15,500	–	-3.64%	–
ASCMA	Exit	Ascent Media Ord Shs Series A	$0	–	-113,500	–	-4.16%	–
SATS	Exit	EchoStar Ord Shs	$0	–	-416,161	–	-8.30%	–
IWM	Exit	Ishares Russell 2000 Index ETFput	$0	–	-200,000	–	-9.68%	–
GLD	Exit	SPDR Gold Shares ETFcall	$0	–	-509,600	–	-29.67%	–

Q3 2013

			Value		Shares		↓ Weighting
GLD	Sell	SPDR Gold Shares ETFcall	$65,321,000	-16.3%	509,600	-16.4%	29.67%	-1.1%
IWM	Sell	Ishares Russell 2000 Index ETFput	$21,322,000	-37.2%	200,000	-42.9%	9.68%	-25.8%
SATS	Sell	EchoStar Ord Shs	$18,286,000	+1.9%	416,161	-9.3%	8.30%	+20.4%
ASCMA	Buy	Ascent Media Ord Shs Series A	$9,150,000	+27.4%	113,500	+23.4%	4.16%	+50.5%
MKL	Buy	Markel Ord Shs	$8,025,000	+0.1%	15,500	+1.9%	3.64%	+18.2%
	New	GoodRich Petroleum Corp 5%bond	$7,788,000	–	7,000,000	–	3.54%	–
DWA	Sell	Dreamworks Animation SKG Ord Shs Class A	$7,291,000	-17.2%	256,198	-25.3%	3.31%	-2.2%
CVC	Buy	Cablevision Systems Ord Shs Class Acall	$6,736,000	+33.5%	400,000	+33.3%	3.06%	+57.7%
MAR	New	Marriott International Ord Shs	$5,996,000	–	142,566	–	2.72%	–
LYV	Sell	Live Nation Entertainment Ord Shs	$5,337,000	-11.0%	287,721	-25.7%	2.42%	+5.1%
HLF	New	Herbalife Ord Shsput	$4,884,000	–	70,000	–	2.22%	–
IL	Sell	IntraLinks Holdings Ord Shs	$3,828,000	-34.9%	435,000	-46.3%	1.74%	-23.1%
ISRG	New	Intuitive Surgical Ord Shscall	$3,763,000	–	10,000	–	1.71%	–
ZNGA	New	Zynga Ord Shs Class A	$3,671,000	–	1,000,000	–	1.67%	–
CPE	New	Callon Petroleum Ord Shs	$3,635,000	–	664,620	–	1.65%	–
GLD	Sell	SPDR Gold Shares ETFgold etf	$3,089,000	-9.0%	24,100	-15.4%	1.40%	+7.5%
BSMX	New	Grupo Financiero Santander Mexico	$2,710,000	–	196,099	–	1.23%	–
CVC	Sell	Cablevision Systems Ord Shs Class A	$2,694,000	-51.1%	160,000	-51.1%	1.22%	-42.2%
PRLB	New	Proto Labs Ord Shsput	$2,292,000	–	30,000	–	1.04%	–
AIG	Buy	American International Group Ord Shs	$2,188,000	+65.6%	45,000	+52.3%	0.99%	+95.7%
PAAS	Sell	Pan American Silver Ord Shs	$1,314,000	-43.6%	124,581	-37.7%	0.60%	-33.3%
FRGI	New	Fiesta Restaurant Group Ord Shs	$941,000	–	25,000	–	0.43%	–
DXMMQ	Sell	Dex Media Ord Shs	$910,000	-67.0%	112,178	-28.5%	0.41%	-61.0%
ARCO	Buy	Arcos Dorados Holdings Ord Shs Class A	$823,000	+40.9%	69,444	+38.9%	0.37%	+66.2%
IM	Sell	Ingram Micro Ord Shs Class A	$813,000	-64.5%	35,255	-70.7%	0.37%	-58.1%
DXMMQ	Sell	Dex Media Ord Shscall	$811,000	-69.2%	100,000	-33.3%	0.37%	-63.7%
BBRG	Sell	Bravo Brio Restaurant Group Ord Shs	$634,000	-84.6%	41,997	-81.9%	0.29%	-81.9%
DV	Sell	DeVry Ord Shs	$623,000	-71.4%	20,372	-71.0%	0.28%	-66.2%
KOPN	Sell	Kopin Ord Shs	$597,000	+8.2%	148,506	-0.2%	0.27%	+27.8%
AXLL	Buy	Axiall Ord Shs	$567,000	+33.1%	15,000	+50.0%	0.26%	+57.3%
ROVI	New	Rovi Ord Shs	$479,000	–	25,000	–	0.22%	–
	New	Comverse Ord Shs	$419,000	–	13,100	–	0.19%	–
ERA	Buy	Era Group Ord Shs	$264,000	+222.0%	9,730	+208.5%	0.12%	+275.0%
TNGO	Exit	Tangoe Ord Shscall	$0	–	-50,000	–	-0.30%	–
STI	Exit	SunTrust Banks Ord Shs	$0	–	-44,585	–	-0.54%	–
IVC	Exit	Invacare Ord Shs	$0	–	-100,000	–	-0.55%	–
LYV	Exit	Live Nation Entertainment Ord Shscall	$0	–	-100,000	–	-0.60%	–
GDPMQ	Exit	GoodRich Petroleum Ord Sharescall	$0	–	-175,000	–	-0.86%	–
ATHN	Exit	Athena Health Ord Shsput	$0	–	-30,000	–	-0.98%	–
DWA	Exit	Dreamworks Animation SKG Ord Shs Class Aput	$0	–	-100,000	–	-0.99%	–
SNDK	Exit	SanDisk Ord Shs	$0	–	-53,933	–	-1.27%	–
	Exit	GoodRich Petroleum Corp 5%bond	$0	–	-7,000,000	–	-2.68%	–
FB	Exit	Facebook Class A Ord Shsput	$0	–	-740,000	–	-7.08%	–

Q2 2013

			Value		Shares		↓ Weighting
GLD	New	SPDR Gold Shares ETFcall	$78,004,000	–	609,600	–	29.99%	–
IWM	New	Ishares Russell 2000 Index ETFput	$33,950,000	–	350,000	–	13.05%	–
FB	New	Facebook Class A Ord Shsput	$18,411,000	–	740,000	–	7.08%	–
SATS	New	EchoStar Ord Shs	$17,937,000	–	458,628	–	6.90%	–
DWA	New	Dreamworks Animation SKG Ord Shs Class A	$8,803,000	–	343,081	–	3.38%	–
MKL	New	Markel Ord Shs	$8,018,000	–	15,215	–	3.08%	–
ASCMA	New	Ascent Media Ord Shs Series A	$7,182,000	–	92,000	–	2.76%	–
	New	GoodRich Petroleum Corp 5%bond	$6,983,000	–	7,000,000	–	2.68%	–
LYV	New	Live Nation Entertainment Ord Shs	$5,999,000	–	387,044	–	2.31%	–
IL	New	IntraLinks Holdings Ord Shs	$5,881,000	–	810,000	–	2.26%	–
CVC	New	Cablevision Systems Ord Shs Class A	$5,505,000	–	327,267	–	2.12%	–
CVC	New	Cablevision Systems Ord Shs Class Acall	$5,046,000	–	300,000	–	1.94%	–
AMED	New	Amedisys Ord Shsput	$4,640,000	–	400,000	–	1.78%	–
CRMT	New	America's Car-Mart Ord Shs	$4,520,000	–	104,540	–	1.74%	–
BBRG	New	Bravo Brio Restaurant Group Ord Shs	$4,127,000	–	231,597	–	1.59%	–
GLD	New	SPDR Gold Shares ETFgold etf	$3,395,000	–	28,500	–	1.30%	–
SNDK	New	SanDisk Ord Shs	$3,295,000	–	53,933	–	1.27%	–
MS	New	Morgan Stanley Ord Shsput	$2,932,000	–	120,000	–	1.13%	–
DXMMQ	New	Dex Media Ord Shs	$2,757,000	–	156,939	–	1.06%	–
DXMMQ	New	Dex Media Ord Shscall	$2,636,000	–	150,000	–	1.01%	–
DWA	New	Dreamworks Animation SKG Ord Shs Class Aput	$2,566,000	–	100,000	–	0.99%	–
ATHN	New	Athena Health Ord Shsput	$2,542,000	–	30,000	–	0.98%	–
PAAS	New	Pan American Silver Ord Shs	$2,328,000	–	200,000	–	0.90%	–
IM	New	Ingram Micro	$2,288,000	–	120,510	–	0.88%	–
GDPMQ	New	GoodRich Petroleum Ord Sharescall	$2,240,000	–	175,000	–	0.86%	–
GOOGL	New	Google Inc	$2,195,000	–	2,493	–	0.84%	–
DV	New	DeVry Ord Shs	$2,178,000	–	70,225	–	0.84%	–
NOV	New	National Oilwell Varco Ord Shs	$2,067,000	–	30,000	–	0.80%	–
QCOM	New	Qualcomm Ord Shs	$1,955,000	–	32,000	–	0.75%	–
LYV	New	Live Nation Entertainment Ord Shscall	$1,550,000	–	100,000	–	0.60%	–
IVC	New	Invacare Ord Shs	$1,436,000	–	100,000	–	0.55%	–
STI	New	SunTrust Banks Ord Shs	$1,408,000	–	44,585	–	0.54%	–
AIG	New	American International Group Ord Shs	$1,321,000	–	29,545	–	0.51%	–
PAAS	New	Pan American Silver Ord Shscall	$1,164,000	–	100,000	–	0.45%	–
TNGO	New	Tangoe Ord Shscall	$772,000	–	50,000	–	0.30%	–
ARCO	New	Arcos Dorados Holdings Ord Shs Class A	$584,000	–	49,998	–	0.22%	–
KOPN	New	Kopin Ord Shs	$552,000	–	148,756	–	0.21%	–
AXLL	New	Axiall Ord Shs	$426,000	–	10,000	–	0.16%	–
WMT	New	Walmart Stores	$413,000	–	5,550	–	0.16%	–
ERA	New	Era Group Ord Shs	$82,000	–	3,154	–	0.03%	–

Compare quarters

Export COURAGE CAPITAL MANAGEMENT LLC's holdings