EFTA00811530.pdf

Valuation Report 6/30/2017 EFTA00811530  SUMMARY OF ASSETS - JUNE 30, 2017 5/31/17 6/30/17 $ Asset Value Value Change Cash 122,551,549 127,228,936 4,677,387 Fixed Income 71,036,555 72,806,515 1,769,960 Equities 88,944,962 87,293,777 (1,651,186) E uity ETF's 3,059,400 3,120,000 60,600 Options 506 0 (506) Hedge Funds 70,976,054 71,309,742 333,688 Investments 52,506,000 52,506,000 Aviation, Automobiles & Boats 26,875,000 26,875,000 - Loans Receivable 11,132,446 11,207,446 75,000 Fine Arts, Antiques & Jewelry 12,125,000 1 583 200 -10,541,800 Total Assets 459,207,472 453,930,616 -5,276,856 Cash Activity - Items over 50,000 Haze Trust - Braque Payment 7,725,000 STC ML - Sold 5000 NTES 305.7206 1,528,603 Dividends, Interest Income & Other Distributions - per brokerage stmts 508,380 Enhanced - Sold 4,200 PFE 137,815 Cecile loan repaid 50,000 Miscellaneous (44,097) Legal / PR - Hiltzik 25k & Goldberger 25k (50,000) NES - Sothebys via Pinto (50,889) LSJE - Ford 250 & Lift Gate (54,472) Solano Constuction - Zorro Deposit Windows and Staff Cottage (65,000) GIV Rolls Royce Engine Program (6 months) (91,960) Enhanced - Humanity + (115,000) NLR Resorts / Nick Loan (125,000) STC MS - Bought 10,000 Altice 30.00 then Sold 5,000 (150,000) G550 - Flight Saftety - LV, DR, WH & Chip (199,224) STC ML - Bought 12,000 shares ON 16.63 (200,038) G550 Rolls Royce Engine Program (9 months) (215,755) STC ML - Bought 8,000 shares MU 30.85 (246,798) Gratitude America - 125k IPI & 125k MIT & 2 others (265,000) NES - NYC RE Taxes (327,498) NES - Pinto NYC renovations (372,780) STC ML - Bought 20,000 shares XLF 24.34 (486,800) Monthly Spending (1,050,000) STC MS - Bought 46,484 shares NGL preferred 25.00 (1,162,100) iI Total Cash Activity - Items over 50,000 4,677,387 EFTA00811531  Deutsche First Banco Pop Wells Morgan TD Asset Description Bank Bank BNP Paribas Fargo Stanley Merrill Amnitrads Totals Cash Southern Trust Company Inc 29,759,824 462,985 300.000 2,752.615 17,826,766 51.102.190 Haze Trust 33.928,618 33.928.616 Southern Financial LLC 28,733,556 51,690 28,785.246 JEE 3,060,307 733,742 456,873 4,250.922 Gratitude America, Ltd. 440,146 71,822 2,940,238 3,452,206 Jeepers Inc. 1.474.273 8,726 1,482,999 JEGE Inc 963 188 963,188 LSJE LLC 12t541 532,015 202,156 857,711 Zorro Management LW 500,193 500,193 Southern Country International LTD 454,272 454,272 NES LLC 339,489 339,489 Plan D LLC 220,654 220,654 JEGE LLC 173,343 173,343 Neptune LLC 154,993 154,993 Enhanced Education 38,962 100,460 139,422 Hyperion Air LLC 100,292 100.292 (homes World Alr LLC 65,656 65.656 JEE - Paris (US Si 54,621 54.621 Cypress Inc. 47,857 47,857 FT Real Estate 42,149 42,149 Maple Inc. 26,768 26,768 Freedom Air Petroleum 22,812 22,812 Michelles Transportation Co LW 22,736 22,736 Nautilus Inc. 15,137 15,137 Great St Jim LLC 8,857 8,857 LSJ ISO 6,150 6,150 Mort Inc 4,853 4853 Laurel Inc 4,070 4,070 FSF LLC 937 937 IGO Company LLC 390 390 The JEE Life Ins Trust P3 206 206 Butterfly Trust 3 3 Total Cash 100,016,437 2,627,540 811,494 202,156 5,692,853 17,826,766 51,690 127,228,936 EFTA00811532  Purchase Quantity 5/31/17 6130117 Unrealized Asset Description Dab Cost Value Value Gain (Lose) Haze Trust - FixedIncome (DB) JP Morgan Chase 7.9% PM 4/30/2049 05/10/11 3,000300 3,337,958 JPM Tr Fit Rate Income Fund 3,133,150 3 1583 _ 00 -179,958 01/22/13 240.303397 2,407,128 2.262,080 2261,257 -145.871 Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739 1261,129 1,276,819 96,080 Citibank Preferred Ser C 5.8% 10/29114 150,967.00 3.670,430 U62,871 3331.181 280.751 Citibank Preferred Ser I< 6.875% 2/3/14 79 000.00 Total Haze Trust - F name (DB) 'F6 5,874 „ 12,964,867 389,19 Japers - FixedIncome DB) JPM Trust FLT RT Income fund 02/13/13 180013.000 2 1 1.694 524 X3.923 Total Japers - FixedIncome (DB) - ,800,231 1,694,624 1,693,923 -106,308 Gratitude America - FixedIncome (Morgan Sternal Western Digital Corp 7.375% Matures 4-1-2023 06/09/18 2,000,000 2.088.0A _1.213.583 2.233.965 147.959 Total Gratitude America - FixedIncome (Morgan Stanley) 2,086,008 2,213,683 2,233 965 147,959 Southern Trust Co. - FixedIncome (DB) Nationwide Society 6.875% GBP callable 6/20/2019 4/15/14 2.000 000 3,439.193 _2.761.05.2 __1868.513 -770,681 Total Southern Trust Co. - Fixed income (DB) 3,439,193 2,761,059 2,668,513 -770,681 Southern Trust Co. - FixedIncome Merril° Allegan mandatory convertibleproffered 5.5%3/1!2018 08/15/16 1,000,000 881,500 800,770 867,410 -14,090 LSCCOM 8.75% 10/15/2023 01/13/17 21,250,000 2789125 2,772,378 2,814,889 25,764 Kindred Healthcare 7.25%1/15/2020 Sit ML 10/13/16 3.000,000 3,060.528 3,231,306 3,260,667 200,138 Teas mandatory convertible proffered 7.0% 12/15/2018 08/15/18 1,000,000 01.750 500.0® 594.500 307.250 Total Southern Trust Co. - FixedIncome (MEMO 7,832,903 7,304,454 7,537,468 415,436 Southern Trust Co. - FixedIncome (Morgan Stanley) Charles Schwab 6.0% Preferred $25 par 7/27/15 40.000 1,000.000 1,091,600 1,0t0,400 86,400 NGL Energy Partners 9%525 par 6/6/17 46484 1,162,100 - 1,151,874 -10,226 Seaspan 7.875% Preferred $25 par 08/04/16 400 200.000 185,120 168320 -33,680 Wells Fargo 5.7% Preferred $25 par 1/19/16 120000 3,000,000 3,058,800 3,108,000 108.000 Ebay 6% Preferred $25 par matures 2.1.2058 2/22/16 80.000 2.000.000 2143,200 2.189,600 189,600 Etrade Financial 5.875% fixed to 9-15-2026 then floats 8/16/16 500,000 500,000 532,628 530,000 30 MO Etrade Financial 5.875% fixed to 9-15-2026 then floats 10/11/16 2,500.000 2,623.122 2,862,150 2,650,000 26'378 Royal Bank Sco5and 7.64% Fixed M 9-29-2017 then 3M Leor +nap 11/10/15 5,000,000 5,298,817 4,804,417 4,895.000 -403,817 Goldman Sachs 5.375% Fixed to 5-104020 then 3922 over 3 mo bar 6/4/15 5,000.000 5.034346 5,190,677— 5,291,326 256,980 Capital One 5.55% Fired to 9.1.2020 then 380 over 3 mo libor 5/14115 3,000,000 3,022.819 3.19232() 3.10,413 153,594 Total Southern Trust Co. - FixedIncome (Morgan Stanley) 23,828,204 22,840,591 24,231,933 403,729 Southern Financial LLC - FixedIncome (DB) Bank of America 8.125% PM Dec 29 2049 1/10111 2.000.000 2,055,000 2090,982 2100,013 45 013 Barclays Bank PLC 7.75% 4/1072023 4/3113 300,000 300.000 316,794 317,187 17,187 Citigroup Inc - Series Q 5.95% 8/6/15 3,000,000 3,000,006 3,215,698 3,223,598 223,592 General Electric Co GTD Fixed to Float 4.0% Dee 16 2065 12/3/15 2.489.000 2.175.016 2,489,849 2,485.460 310,444 JP Morgan Chase Si Co Pfd 7.9% Apri 30 2049 6115/11 2500 000 2,687,500 2,610,958 2331 667 -55,833 JP Morgan Chase & Co PM 7.9% April 30 2049 6/15/11 2.500300 2,675.000 - 2,810,958 2331367 -43,333 LBG Capital 7.5% 12/29/49 5/21/13 1903000 1,948,500 2,118,673 2,100,446 151.946 Southern Cal Edison 8.25% Dec31 2049 1/30/12 3300.000 2.996.011 3.392.500 3.400.104 404,093 GMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80,000 1882174 2,041.600 2.096.000 211226 Total Southern Financial LLC - FixedIncome (DB) 19 719,807 20,888,013 20,986,120 1,266,314 Southern FinancialLLC - FixedIncome (DB) tact zallet Washington Mutual Mtg 2004-"RA2 cl 081 var 7/25/2033 11/19/13 567.081 4 .270 490391 489,779 §7. 59 Total Southern Financial LLC - Firedincome (DB) 432.270 490,691 489,729 57,469 TOTAL FIXED INCOME 71,534,289 71,036,655 72,806,615 1,272,227 Note - Accrued interest has been IncludedIn month ells tired income YAWS 1 EFTA00811533  Purchase Quantity 6131117 6/30117 Unrealized Asset Description Date Cost Value Value Gain (Loss) Southern Financial LLC - Equities (DO) Akorn Inc 6/10/15 5 000 234.206 166,350 167,700 -66,506 Alibaba Group 6110/15 5:000 444.749 612,300 704,500 259.751 Allianz SE ADR 4/13/15 6,000 90.056 96,250 98,875 8.819 Apple Inc 9/5/14 64,000 6.332.800 9,776,640 9,217,280 2,884,480 Apple Inc 1111/18 250,000 24.750.006 38,190.000 36,005.000 11,254,994 Apollo Global Management 3/31/11 263,157 4,999,983 7,113,134 6,960.503 1,960,520 Ascena Retail Group Inc. (Formerly Dress Barn 1.3.11) 1/16101 70.500 1.500.000 124,785 151,575 -1,348,425 Avalanche Biotechnologies now called Adverum Biotechnologies 4/20/15 10 000 398,606 25500 25,000 -373 606 BASF ADR 4/13/15 5000 508,056 472,250 486,450 -41,606 Bank of New York Mellon 6/25/14 2517,000 9,076,406 11,780,000 12,755,000 3,678594 Blogen Idec Inc 2/14/12 2,095 250.455 519.078 568,499 318.044 Bioverativ Inc 2/1/17 1,047 20,254 57,679 62,998 42,744 Cenlene Corp 9/8/14 15,550 986,497 1,129,397 1,242,134 255,637 Dish Network Corp 6/10/15 5,000 364,978 318.850 313,800 -51,178 Facebook Inc 5/17/12 17,500 665,000 2,650,550 2,642,150 1,977,150 Foundation Medicine Inc 1/16/14 49,830 1,265,037 1,893.540 1,980,743 715,706 General Motors Co 12/9/10 97,525 3,585,947 3,309,023 3,406,548 -179,399 General Electric Co 4/23/13 23,000 496,109 629,740 621.230 125.121 Gilead Sciences Inc 2/5/14 5,000 396,407 324,450 353,900 -42,507 Gilead Sciences Inc 3/7/14 3,100 246,797 201,159 219,418 -27,379 Glaxo Smith Kline PLC 6/10/15 5000 215OO6 221 150 215,600 594 Global Partner Acquisition Corp 7/30/15 x,000 20.000 20:000 19,700 -300 GoDaddy Inc. 4/1/15 700 14,000 28798 29,694 15,694 Match 11/19/15 200 2.400 3.896 3,476 1,076 Mobileye NV Amstelveen Ord Shares 8/1/14 800 20.000 49,520 50,240 30,240 Square 11/19/15 200 1,800 3,896 3,476 1,676 Sangamo Biosciences Inc 5/28/13 50,000 422.214 340,000 440,000 17.786 Santander Consumer USA 1/28/14 1,000 24,000 11.170 12,760 -11,240 Terraform Global 7/31/15 400 6.000 1,960 2,020 4,980 Twitter Inc 11/7/13 1,500 39,000 27,480 26,805 -12,195 Viacom Inc 6/10/15 5,000 338.745 173,950 167,850 -170.895 Volkswagen AG 4/13/15 5000 254,306 157,100 155,625 -98,681 1Afisdomtree Investments Inc 3/31/15 15000 a24.118 142.650 152.550 071.608 Total Southern Financial LLC - Equities (DB) 68,293,977 80,572,245 79,243,099 20,949,121 Southern Trust Co. - Equities (Morgan Stanley) Barclays PLC ADR 7/18/16 100,000 805.096 1.077,000 1,059,000 253.904 Altice 6/22/17 5,000 150,000 - 161,500 11,500 Credit Suisse Group 7/18/16 100,000 1,137,626 1,414,000 1,460.000 322.374 ZTO Express 10/27/16 3,500 68250 50.015 48.860 -1929Q Total Southern Trust Co. - Equities (Morgan Stanley) 2,160,972 2,541,015 2,729,360 568,388 Southern Trust Ca • Equities (Merril° Netease 5/16/17 5 000 1,423,900 - 0 Micron Technology 6/20/17 d,000 247,118 - 238.880 4.238 XLF Financial Sector 6/20/17 20 000 487,600 - 493,400 5,800 ON Semiconductor 6/8/17 12;000 200,038 - 168,480 -31,558 ING 4/4/17 26,000 373.509 422.0(X) 4_34.750 61,250 Total Southern Trust Co. - Equities (Merrill) 1,308,255 1,845,900 1,335,510 27,255 Gratitude America, LTD - Equities (Morga Colony Capital->Colony Northstar Inc. 9/26/16 73 315 928,837 1,035,941 1,033,008 104,172 Sequential Brands 9/23/16 50:000 402.134 160,500 199,500 -202,634 ZTO Express 10/27/16 1 150 22,425 16.434 16,054 4,371 Bank of America 3/2/16 71400 100,825 168,075 181,950 81,125 Editas Medicine 3/2/16 3,200 102,199 43.712 53.696 -48,503 Tencent Holdings 7/18/16 50,000 1.163 762 1_722.500 1.798.000 634,238 Total Gratitude America, LTD - Equities (Morgan Stanley) 2,720,182 3,147,162 3,282,208 562,026 JEpstein VI Foundation - Equities (DB) Bristol Myers Squibb ! 10/30/15 5.000 334,712 269.750 278.600 -56.112 Disney 10/30/15 4,000 456,040 431.760 425.000 41,040 'Pfizer Inc 10/30/15 4,200 3.—.312 - 2 Total J Epstein VI Foundation - Equities (DB) 790,752 838,640 703,600 -87,162 TOTAL EQUITIES 65,274,139 88,944,962 87,293,777 22,019,638 Southern FinancialLLC - Equity ETPs (DB) Wlsdomtree Japan Hedged Equity 12/16/13 60,000 2.966 099 3.059.4% 3_1.22.2gQ 153.901 Total Southern Financial LLC - Equity ETPS (DB) 2,966,099 3,059,400 3,120,000 153,901 Southern Trust Ca - Options (Merrill Lynch) NJ II &OM. MO soma My 24 14a MS l*Ol• ittesasUniss bra le 12/9/16 604.174 250.000 5017 taitleisl WORMOH 0 Total Southern Trust Co. - Options (Merrill Lynch) notional 250,000 506 0 0 EFTA00811534  5/31/17 6/30/17 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern FinancialISFLLC) • . • lOmm 3/1/16 Boothbay Multi-Strategy Fund 45 031 864 45 247 764 0.48% 3.05% • • ed 5ram 3/31216 Total Hedge Funds - SF LLC 45,031,864 45,247,764 9.1hdiw 10mm 1/10/17 total Investment 40mm 2016 /Mum 327% Hedge Funds -Haze King Street 3.516.505 0.55% 2.99% 2014/17 paid to date: Hedge Funds - Haze i s,44 ,15 111 3,516,505 4127116 5,967.954 pal 7127116 6,102,924 pad 2017• awl Mum 10127114 $,1114,N1 Fps 01capital o/ 1/27/17 3,994,644 • • 2,307,103 2016 return 4.16% Hedge Funds - STC Honeycomb 22 499 939 22.545.473 0.20% 12.23% adanomm mit Total Hedge Funds - STC 22,499,939 22,545,473 2018 Mom 0.44% Total Hedge Funds 70,976,054 71,309,742 SFL Mort Southern FT Asset Description Inc. JEE Trust IGO LLC Real Estate Investments SFL I Kyara I (repaid 100 cost + 201k prop ) 0 Kyara II (investment amount) 250,000 Kyara III -> 483,915 repaid 8/5/2015 0 Kyara IV (Investment amount) 250,000 Neoteny 3 (investment amount) 1,000,000 Prytanee LLC (art partnership) 1,000,000 Jawbone Investment (grat at cost) 11,250,000 AYH Marina (value per jee) 3,000,000 src Adfin Solutions (investment amount) 875,000 butterfly trust Park Partners LLC - 320 East 82nd Street (investment amount) 3,480.000 Paid Contract to Purchase 2 Kean Court Livingston, NJ 3.000,000 Coinbase I STC 3,001,000 Reporty via Ergo Ltd (Investment amount) 1,000,000 Valar Global Fund II (investment amount - 16mrn cornmMment) 13,650,000 Valar Global Fund III (investment amount - 25mm committment) 10,750,000 Totals 11,250,000 3,000,000 28,775,000 3,001,000 6,480,000 Total investments 52,506,000 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE 2,500,000 2,500.000 1988 Gulfstream G-IV N212JE 6,500,000 6,500,000 1968 Boeing 727 N90&IE 250,000 g LLC Plitn 250,000 2008 G550 15,750.000 15,750,000 Automobiles 1,175,000 1,175, et s Boats 700,000 700,000 TotalAviation, Automobile & Boats 2,500,000 6,500,000 250,000 17,625,000 26,875,000 EFTA00811535  Asset Description JEE SFL STC FIRE Totals Loans Receivable 100,000 100,000 Mark Lloyd 100,000 100,000 Karyna 350,000 350,000 Nick RibIs 200,000 200,000 Larry / Eileen Visoski 225,000 225,000 Johnny O'Sullivan 22,446 22,446 David Mitchell 1,500,000 1,500,000 302,000 302,000 Harlequin Dane, LLC 4,750,000 4,750,000 Coatue Enterprises LLC 1,500,000 1,500,000 Lesley 200,000 200,000 Louella Home 133,000 133,000 ciii LVI 1,300,000 1,300,000 525.000 525,000 Total Loans Receivable 2,822,446 6,450,000 0 1,935,000 11,207,446 Enhanced Asset Description Education JEE JEE Various Totals Fine Ads, Antiques & Jewelry,' haze That Giacometti (17.064.000 Pounds a tag 22,183,200 22,183,200 Loan Payable to BJAV LLC (PLAND LLC) -30,500,000 -30,500,000 Cello 175,000 175,000 Pagano Diamonds 500,000 500,000 32.73 Carrot Emerald Cut Diamond - insurance value 5,400,000 5,400.000 Watches, Earring & Other 775,000 775,000 Fine Art Schedule 3,050,000 3.050.000 Total Fine Arts, Antiques & Jewelry 175,000 5,900,000 775,000 25,233,200 1,583,200 EFTA00811536