EFTA00811912.pdf

Valuation Report 10/31/2018 EFTA00811912  SUMMARY OF ASSETS - OCTOBER 31, 2018 9/30/18 10/31/18 $ Asset Value Value Change Cash 84,251,574 67,625,019 (16,626,555) Fixed Income 64,959,055 59,581,658 (5,377,397) Equities 144,578,820 142,554,263 (2,024,557) Hedge Funds 109,393,453 104,886,131 (4,507,322) Investments 52,242,187 52,625,224 383,037 Aviation, Automobiles & Boats 18,350,000 18,350,000 Loans Receivable 16,039,472 16,119,472 80,000 Fine Arts, Antiques & Jewelry 9,900,000 9,900,000 Loan Payable - BJAV 30 500 000 20 500 000 10 000 000 Total Assets 469,214,561 451,141,767 -18,072,794 Cash Activity - Items over 50,000 Haze -Sold 2mm JBS Investments 7.75% October 28 2020 2,038,760 SFL LLC DB -JPM Partial Bond Redemption (1.4mm of 5mm) 1,400,000 King Street Distribution 875,489 Haze DB -JPM Partial Bond Redemption (840k of 3mm) 840,000 Dividends, Interest Income & Other Distributions 356,764 Gratitude MS - Sold 10,000 JPM.D R25.04 249,991 Plan D LLC - DU Flat Panel return of money 72,000 Florida homeowners insurance premium (50%) (50,819) Zorro - Bikes & Accessories (52,235) Gratitude - 50,000 Euro (57,897) Great Saint Jim real estate taxes (66,639) LSJ -Gemini Water Systems (new pumps) (67,779) LSJ - Warren Power - (2) 175kw Generators (76,715) Loans -David Mitchell Loans (65+70+80 less 135k repayment) (80,000) Zorro - Paving Additional Deposit (124,854) Miscellaneous (375,000) Seaford Avenue Capital - Draw 5 (383,037) STC ML - Bought 10,000 XOM @ 81.40 (813,881) Monthly Spending (1,550,000) SFL LLC DB - Bought 40,000 AAPL @ 218.9774 (8,760,702) Haze to Plan D LLC to BV7OLLC (10,000,000) Total Cash Activity - Items over 50,000 (16,626,555) I1 EFTA00811913  Deutsche First Banco Pop Wells Morgan Intotactho TO Asset Description Bank Bank BNP Paribas Fargo Merrill Stanley BroWs Amerind, Totals Cash Haze Trust 17.717.510 17,717,510 Southern Trust Company Inc. 3,253,769 1,024,430 299,452 3,063,446 5,947,630 13,588,928 The 2017 Catepillar Trust 13,568,129 13,588,129 Southern Financial LLC 6,795,480 100,566 298.405 7,194,472 JEE 4,453,093 182,445 7,027 4,642,565 Gratitude America, Ltd. 2,281,632 156,405 1,501.316 3,939,353 Jeepers Inc. 1,541,548 7,009 1,548,557 LSJE LLC 385.271 536.095 240.324 1,161,690 Plan D LLC 790,453 790,453 Butterfly Trust 706,342 706,342 FT Real Estate 375,970 375,970 Southern Country International LTD 361.849 361,849 NES LLC I 308,055 306,055 Zono Management LLC I 293,081 293,081 Neptune LLC I 283,740 283,740 JEGE LLC I 239,918 239,918 Laurel Inc. I 216.829 216.829 JEE - Pads (US 5) I 190.420 190,420 Hyperion Air LLC I 147.204 147.204 Thomas World Air LLC I 78,103 78,103 Enhanced Education I 12,229 46.016 58,245 Nautilus Inc. I 53.837 53.837 Maple Inc. I 30.484 30,484 Cypress Inc. I 27.465 27.465 JEGE Inc. I 26.796 26,796 Mlchelles Transportation Co LLC I 24.733 24,733 Freedom Air Petroleum I 22,512 22,512 Great St Jim LW I 19,445 19,445 LSJ LLC I 5,150 5,150 Mort Inc I 4,553 4,553 FSF LW I 337 337 The JEE Life Ins Trust #3 I 206 206 IGO Company LLC I 90 90 Total Cash 52,807,009 3,169,204 496,899 240,324 3,063,446 1.501,316 6,048,416 298.405 67,625,019 EFTA00811914  Purchase Quantity 9/30/18 10/31/18 Unrealized Asset Description Symbo Date Cost Value Value Gain (Loss) FIXED INCOME Haze Trust - Fixed Income (DB) Citbank Preferred Ser K 6.875% 213/14 79,000 1,999,419 2,192,250 2,159,070 159,651 JBS Investments 7.75% October 28 2020 5/18/18 2,000,000 - 2,106,224 - 0 JP Morgan Chase 7.9% Pfd 4/30/2049 05/10/11 2,160,000 2,395,200 3,042,861 2,171,926 -223,274 JP Morgan Floating Rate Income fund 01/22/13 253,726 2,532.828 2.373.702 2.369.803 -163.025 Total Haze Trust - Fixed Income (DB) 6,927,447 9,715,037 6,700,799 -226,648 Jeepers • Fixed Income (DB) JPM Floating Rate Income fund 02/13/13 190,068 1.894.393 1.778.156 1,775.235 -119.158 Total Jeepers • Fixed Income (DB) 1,894,393 1,778,156 1,775,235 -119,158 Gratitude America - Fixed Income (Morgan Stanley) GM Financial 6.5% fixed to 9/30/18 Floats thereafter 9/24/18 250,000 250,000 245,583 236,670 -13,330 JP Morgan Preferrred 5.75% JPM.D 9/19/18 10,000 253,100 0 Frontier Communications 7.125% Matures 3/15/2019 10/02/17 1,000,000 997.322 1 009 269 1 011 604 14.282 Total Gratitude America - Fixed Income (Morgan Stanley) 1,247,322 1,507,952 1,248,274 952 Southern Trust Co. - Fixed Income (DB) Buckeye Partnixs Fixed to Float 6.375% Callable 1/22/23 1/25/18 1,000,000 1,018,741 961,142 933.111 -85 630 Total Southern Trust Co. • Fixed Income (DB) 1,018,741 961,142 933,111 -85,630 Southern Trust Co. • Fixed Income (Merrill) Bank of America 5.88% Pfd 12-31-2049 03/08/18 1,000,000 1,000,000 990,111 977,507 -22,493 LSC Commutations Inc. 8.75% 10/15/2023 01/13/17 2,650,000 2,773,650 2 779 420 2 852 431 78 781 Total Southern Trust Co. • Fixed Income (Merrill) 3,773,650 3,769,531 3,829,937 56,287 Southern Trust Co. • Fixed Income (Interactive Brokers) Capaal One 5.55% Fixed to 9-1-2020 then 380 over 3 mo kior 5/14/15 3,000,000 3,009,819 3,076,890 3,039,900 30,082 Chaves Schwab 6.0% Pretend $25 par 7/27/15 40,000 1,000,000 1,027,200 1.028.800 28.800 Etrade Financial 5.875% fixed to 9-15-2026 then floats 10/11/16 3,000,000 3,123,122 3,101,250 2,981,280 -141,842 Cabman Sachs 5.375% Fixed to 5-10-2020 then 392.2 over 3 me ibor 6/4/15 5,000,000 5,034,346 5,112,000 5.062,500 28,154 NGL Energy Partners 9%525 par 6/6/17 40,000 1,000,000 986,000 916,000 -84.000 Total Southern Trust Co. - Fixed income (Interactive Brokers) 13 167 287 13 303 340 13 028 480 -138,807 Southern FinancialLW - Fixed Income (DB) Assurant Fixed to Float 7% March 2048 3/29/18 2,000,000 2,039,762 2,031,167 2,013.222 -26,540 Citigroup Inc • Series 0 5.95% 8/6/15 3,000,000 3,000,006 3,110,963 3,086,433 86,427 Citizens Communications 7.125% Mar 15 2019 10/3/17 1,000,000 1,000,274 1,009,269 1,011,604 11,330 COFP 4.407 8/2019 Euro Bond 9/12/18 2,500,000 2,921,428 2,875,046 2,899,392 -22.036 Deutsche Bank AG 4.875% exp 12/1/2032 6/1118 1,000,000 868,256 904,665 870,403 2,147 Deutsche Bank AG 4.296% exp 5/24/2028 6/1/18 1,000,000 917,776 937,026 920.155 2,379 Exebinter LLC 10% July 15 2023 10/24/17 2,000,000 1,940,506 2,171,667 2,138,289 197,783 Exebinter LLC 10% July 15 2023 7/9/18 1,000,000 1.027,756 1,085,833 1.069,144 41,388 General Electric Co GTD Fixed to Float 4.0% Dec 15 2085 12/3/15 2,469,000 2,175,016 2,250,905 2,120,528 -54,486 GMAC Cap TR I GTO Pfd Sec Ser 2 8 2/22/12 80,000 1,882,774 2,104,000 2,100,800 218,026 JBS Investments 7.25% April 3 2024 10/31/17 2,000,000 1,981,300 2,106,312 2.029,875 48,575 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 1,100,000 1,179,898 2,535,718 1,106,074 -73,825 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2,500,000 2,669,524 2,535,718 2,513,803 -155,721 JPM Floating Rate Income fund 9/28/17 333,629 3,139,057 3,121,222 3,116,095 -22,982 Lloyds Banking Group Capital 7.5% 12/29/49 5/21/13 1,903,000 1,948,500 1,963,658 1,933,131 -15,369 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3,000,000 2,996.137 3180.729 3 136,875 140.738 Total Southern Financial LLC - Fixed Income (DB) 31,687,970 33,923,897 32,065,822 377,852 TOTAL FIXED INCOME 59,716,809 64,959,055 59,581,658 -135,151 EQUITIES Southern FinancialLW - Equities (DB) Amazon AMZN 4/2/18 1,000 1,395,441 2.003.000 1,598,010 202.569 Alibaba Group BABA 6(10/15 5,000 444,749 823,800 711,400 266,651 Apple Inc AAPL 12/7/17 314,000 53,321,627 70,882,360 68,722,040 15,400,413 Apple Inc AAPL 6/20/18 50,000 9,339.691 11.287.000 10.943.000 1.603.309 Apple Inc AAPL 10/15/18 40,000 8,760,702 8,754,400 -6,302 Apolo Global Management APO 3/31/11 263,157 4,999,983 9,092,074 7,741,079 2,741.096 Biogen Ides Inc Elle 2/14/12 2,095 250,455 740,184 637.446 386,991 Centene Corp CNC 9/8/14 15,550 986,497 2,251,329 2,026,476 1,039,979 General Electric (exercise of puts sold at 18) GE 2/24/18 25.000 405.493 282.250 252.500 -152,993 Karyopharm Therapeutics Inc KPTI 7/12/18 25,000 467.106 425.750 263.500 -203.606 Nintendo NTDOY 2/5/18 10,000 517,906 454,650 391,300 -126.606 Ubisoft Entertainment U8SFF 3/29/18 11,200 974,199 1 215 177 1 008 734 34 535 Total Southern FinancialLLC- Equities (DB) 81,863,849 99,457,574 103,049,885 21,186,036 EFTA00811915  Purchase Quantity 9130/18 10131/18 Unrealized Asset Description Symbo Date Cost Value Value Gain (Loss) Southern Financial LLC - Equities (TO) General Electric GE mulitple 125,000 2.593.881 1.411.250 1 262 500 -1.331.361 Total Southern Financial LLC- Equities (TO) 2,593,861 1,411,250 1.262,500 -1,331,361 Southern Trust Co. - Equities (Merrill) KBW Regional Bank ETF KRE 11/16/17 9,000 503,167 534,780 485.910 -17,257 Carvana CVNA 914/18 125,000 8,255.075 7,386,250 4.843,750 -3,411,325 Exxon Mobi XOM 10/15/18 10,000 813,881 - 796,800 -17,081 Facebook FB 7/26/18 20,000 3,559,596 3,289,200 3,035,800 -523,796 OIH Oil Services ETF OIH 5/16/18 17,000 490,376 428,230 349,520 -140,856 Etats semi 50 Index due 3innots stmling value 3538 (downside troth*,715%) 9/25/17 nil Oa 3555 2,500,000 2,462,650 2,420,125 -79,875 Japan Banks Capped Nate Exp Feb 1 2019(75% barrier) 1/25/18 3,000,000 2,972,100 2,820,000 -180,000 Vonex Linked Note (selling SSP put spreads and buying VIX calls) 318/18 3,000,000 3,081,756 2,999,390 -610 5X7E Market Plus Note Exp 4/26/2019 (72% banker) 10/24/17 2.249.22, 562 15() 2.315.760 -684.240 Total Southern Trust Co. - Equities (Merrill) 25,122,095 22,717,116 20,067,055 -5,055,040 Southern Trust Co. - Equities (Interactive Brokers) Broadcom AVGO 4/17/18 4,000 1,002.093 986,920 893,960 -108,133 Broadcom AVGO 5/17/18 4,000 1,000,000 986,920 893,960 -106.040 Goldman Sachs GS 1/25/18 1,850 499,873 414,844 416,935 -82,938 General Dynamics GD 2/7/18 2,300 501,381 470,856 396,934 -104,447 General Dynamics CD 3/27/08 3,450 773,056 706,284 595,401 -177,655 General Dynamics GD 5/7/08 2,500 491,250 511,800 431,450 -59,800 Lockheed Martin LMT 217/18 1,400 489,300 484,344 411,390 -77,910 Lockheed Martin LMT 3/201/18 2,100 707,676 726,516 617,085 -90,591 Lockheed Martin LMT 5/7/18 1,500 472,500 518,940 440,775 -31,725 Northtrop Grumman NOC 2/7/18 1,470 493,920 466,534 385,067 -108,854 Northtrop Grumman NOC 3/28/18 2,195 760,159 696,627 574,980 -185,179 Northtrop Grumman NOC 5/7/18 1,500 475,800 476,055 392,925 -82,875 ON Oil Services ETF OIH 5/17/08 17,000 504,839 428230 349,520 -155,319 Raytheon RTN 2/7/18 2,400 498,840 495,984 420,096 -78,744 Raytheon RTN 3/20/18 3,600 763,284 743,976 630,144 -133,140 Raytheon RTN 5(7/18 2,400 491.880 495,984 420,096 -71.784 KBW Regional Bank ETF KRE 3/26/18 20,000 1.210.847 1.188.400 1.079.800 -131.047 Total Southern Trust Co. - Equities (Interactive Brokers) 11,136,698 10,799,214 9,350,518 -1,786,180 Gratitude America, LTD - Equities (Morgan Stanley) General Electric GE 10/23/17 22,000 491,068 248,380 222,200 -268,868 Microsoft MSFT 9/6/18 10,000 1,113,704 1,143,700 1,068,100 -45,604 Century Link CTL 9/6/18 10,000 212,233 212,000 206,400 -5.833 World Acceptance Group WRLD 8/9/18 10,000 1,111,107 1 143 600 1 014 900 -96,207 Total Gratitude America, LTD • Equines (Morgan Stanley) 2,928,112 2,747,680 2,511,600 -416,512 Haze Trust - Equities (DB) Carvana CVNA 6/21/18 25,000 1,086,102 1,477,250 968,750 -117,352 Google GOOG 2/2/18 2,000 2,222,173 2,386,940 2,153,540 -88.633 Gooale GOOG 12/5/17 1,000 1,014.015 1,193,470 1,076,770 62,755 United Technologies UTX 6/21/18 15,000 1.882.944 2.097.150 1,863.150 -19.794 Haze Trust • Total Equities (DB) 6,205,234 7,154,810 6,062,210 -143,024 JEpstein Vi Foundation - Equities (DB) Bristol Myers Squbb 8MY 10/30/15 3,400 227,604 211,072 171.836 -55,768 Disney DIS 10/30/15 685 78.100 80.104 78.659 559 Total J Epstein VIFoundation - Equities (DB) 305,704 291,176 250,495 -55,209 TOTAL EQUITIES 130,155,552 144,578,820 142,554,263 12,398,710 EFTA00811916  9130/18 10/31/18 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern Financia (SFLLC) huh Wren • >Wren Boothbay Multi-Strategy Fund 47,323,065 46,725,145 -1.29% 7.08% withdmv 10mm 1/10/17 Boothbay Enhanced Fund 8 001 118 7 851 503 -1.90% 4.66% Enh Fee 12018 at Total Hedge Funds - SF LLC 55,324,183 54,576,648 2016 return 177% 2017 ttum 15.6% Hedge Funds -Haze no Wm( Wu 10'25 701) Minn' al mad 2037 tolum 07caolizi 201.917 reE44106664 tatd King Street - Illiquid Special Investment 3,102,745 2,248,050 zunon stsea 415 2937103 427/16 5.967.954 paid Hedge Funds - Haze 3,102,745 2,248,050 3/W201$ 12,077 8/16113,664 7/27/16 6.102.024 paid 02016 37,263 0/13 2.73$ 10/27/16 6.1116.941 paid 6/7/2018 67,976 4,18/2016 374,250 10/1218,370 427/17 3,994644 paid 7/1E/2013 435 11/9 4060 3316 return 468% 101161201$ 675489 Hedge Funds - STC in1114 Inv 20rnrri 5/31/16 Honeycomb 50$66,525. 48061.43a -5.70% 6.50% added Orme 6/27/111 Total Hedge Funds -Sit 50,966,525 48,061,433 aided Own 9128/18 2016nt 0.44%(6 mos) Total Hedge Funds 109,393,453 104,886,131 2017 Ileum 21.0% SFL Mort Southern Grat FT Asset Description I Inc. JEE Trust IGO LLC Real Estate Investments SFL Kyara II (investment amount) marked to $0 in Sep 2018 0 Kyara IV (investment amount) 250,000 Neoteny 3 (investment amount less 30k distribution 4/20/18) 970,000 Prytanee LLC (art partnership) I 1,000,000 Jawbone Investment (prat) 1.000,000 AYH Marina (value per jee) 3,000,000 sit Seaford Avenue Capital - P8 Investment - Auto Debt (total coon 2.6mm) 1,299,724 Adfin Solutions (investment amoun ) I 875,000 butterflytrust Park Partners LLC - 320 East 82nd Street (investment amount) 3,480,000 Paid Contract to Purchase 2 Kean Court Livingston, NJ I 3,000,000 Coinbase via Grat (50% sold for $15mm Feb 2018? STC 1,500,500 Reporty via Ergo Ltd (investment amount) 1,000,000 Valar Global Fund II (amount funded vs 15mrn committment) 14,250,000 value as of 9-30-2018 21,166,482 cumuloUve IRR Ulna 0.3o-2ens 33.3% Velar Global Fund III (amount funded vs 25mm committmeM) 21,000,000 value as of 9-30 2018 33,165,591 cumulative IRR thrte 9434018 54.2% Totals 1,000,000 3,000,000 40,644,724 1,500,500 6,480,000 Total Investments 52,625,224 EFTA00811917  Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE 1,000,000 1,000,000 1988 Gulfstream G-IV N212JE 2,900,000 2,900,000 1968 Boeing 727 N908JE 0 PlanDltr, 0 2008 G550 14,000,000 14,000,000 Automobiles 250,000 250,000 Boats 200,000 200,000 Total Aviation, Automobile & Boats 1,000,000 2,900,000 0 14,450,000 18,350,000 Asset Description JEE SFL JEGE Inc. FTRE Totals Loans Receivable (bra stow WM yet its said 191K) 150,000 150,000 Mark Lloyd 100,000 100,000 Nick Ribis 150,000 150,000 Johnny O'Sullivan 22,446 22,446 David Mitchell 323,700 1,160,000 1,483,700 Osboume Lane Capital (Paul B) 1,000,000 1,000,000 20,000 303,262 323,262 Harlequin Dane, LLC 6,750,000 6,750,000 Coatue Enterprises LLC 2 500 000 2,500,000 Bella Klein 100,000 100,000 Lesley 300,000 300,000 David Rodgers 50,000 50.000 Louella Home _ 133,000 133,000 Darren Indyke 475,000 475,000 Richard Kahn 475,000 475,000 LV Home & Other 1,457,000 1.457,000 650,064 650,064 Total Loans Receivable 2,873,210 9,700,000 950,000 2,596,262 16,119,472 Enhanced Asset Description Education JEE JEE Various Totals Fine Arts, Antiques & Jewelry Cello 175,000 175,000 Pagano Diamonds 500,000 500,000 32.73 Carot Emerald Cul Diamond - insurance value 5,400,000 5,400,000 Watches, Earring & Other 775,000 _ 775,000 Fine Arts Schedule 3,050,000 3,050,000 Total Rne Arts, Antiques 8 Jewelry 175,000 5,900,000 775,000 3,050,000 9,900,000 Loan Payable to BJAV LLC (PLAN D LLC) (20,500,000) (20,500,000) EFTA00811918