EFTA00599617.pdf

Valuation Report 7/31/2017 EFTA00599617  SUMMARY OF ASSETS - JULY 31, 2017 6130117 7/31/17 $ Asset Value Value Change Cash '127,228,936 135,985,107 8,756,171 Fixed Income 72,806,515 73,841,829 1,035,314 Equities 87,293,777 73,617,040 (13,676,737) Equity ETF's 3,120,000 3,138,000 18,000 Options 0 91,350 91,350 Hedge Funds 71,455,541 73,055,554 1,600,012 Investments 52,506,000 57,756,000 5,250,000 Aviation, Automobiles & Boats 26,875,000 26,875,000 - Loans Receivable 11,207,446 11,207,446 - Fine Arts, Antiques & Jewelry 123.200 1.583.200 Q Total Assets 454,076,415 457,150,525 3,074,110 Cash Activity - Items over 50.000 STC ML - Sold 250,000 shares BK 51.84 12,955,276 STC ML - Sold 97,525 shares GM 35.592 3,471,110 STC ML - Sold 23,000 shares GE 25.4032 584,274 Dividends, Interest Income & Other Distributions - per brokerage stmts 304,386 STC ML - Sold 8,000 shares MU 31.64 253,120 SFL DB - Sale of AKRX, GPACU, MTCH, SQ, GLBL 199,453 STC MS - Sold 6,484 NGL Energy Partners 24.81 160,858 Enhanced - Sold 1,500 Disney 159,804 STC MS - Sold 5,000 Mice 31.5484 157,532 Enhanced - BBB (25,000) Legal - Erika Mapp Invoice (50,717) Miscellaneous (76,715) Enhanced - DPNR (160,000) NES - Pinto 400k Euro (456,128) SIC MS - Bought 2,000 NTES 308.5245 (617,049) STC ML - Bought 20,000 shares TER 35.2016 (704,032) STC MS - Bought 40,000 NLY 25.00 (1,000,000) Spotify Investment via Honeycomb (1,000,000) Monthly Spending (1,150,000) Velar III Capital Call (4.250,000) Total Cash Activity - Items over 50 000 8,756,171 EFTA00599618  Deutsche First Banco Pop Wells Morgan 10 Asset Description Bank Bank BNP Paribas Fargo Stanley I Merrill Amentrs. Totals . .._ Cash Southern Must Company Inc. 21,524297 343.180 299,452 1.478.105 34.538.973 58.184.007 Haze Trust 34,019,367 34,019,367 Southern Financial LLC 28,971,578 51.891 29,023.267 JEE 4,539,461 743.738 456.950 5,740.149 Gratitude America, Ltd. 825,259 71606— 2.060,885 3,657,750 Jeepers Inc, 1,475,399 7,853 1.483.252 JEGE Inc. 963,188 963.188 LSJE LW 393,800 327.261 157.161 878221 Southern Country International LTG 453.880 40410 Zorro Management LLC 380,501 380 501 Plan D LLC 220,654 220,654 NES LLC 211,421 211,421 JEGE LLC 141,777 141,777 Enhanced Education 88,512 22.121 108.639 Hyperion Air LLC 100,292 100,292 JEE - Paris (US 5) 89.177 --- 0,171 Neptune LLC 69,063 69,063 Thomas World Air LLC 57.579 57.579 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 Mrchelles Transportation Co LLC 22.736 22.736 Nautilus Inc 15.137 15,137 Great St Jim LLC 8.857 8,857 LSJ LLC 6.150 6,150 Mort Inc 4.853 4,853 Laurel Inc _____. 4.070 4.070 FSF LLC 9-3r 937 IGO Company LLC 390 390 The JEE Lite Ins Trust #3 206 20‘ Butterfly Trust 3 3 Total Cash 93,727,827 2,226,285 845,579 157,181 4,438,790 34,538,973 51,891 135,985,107 EFTA00599619  Purchase I Quantity 6130117 7131/17 Unrealized Asset Description Date i Cost Value Value Gain (Loss) Haze Weer - Fixed Income (DB) JP Morgan Chase 7 9% Pfd 4/30/2049 05/10/11 3.000.000 3937,958 3058,000 _ 3 112 500 -225.458 JPM Tr Fit Rate Income Fund 01/22/13 240,973.957 2.413.469 2,261,257 2,279,614 -133.856 Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180 739 1,276,819 1,264.071 83,332 Citibank Preferred Ser C 5.8% 10/29/14 150,967.00 3,670,430 3,931,181 3,891,929 221,499 Citibank Preferred Ser K 6.875% 2/3/14 79,000.00 1199419 2.337.610 2073/...630 368.211 Total Haze Trust- FixedIncome (DB) 12,602,016 12,964,867 12,915,744 313,728 Jeepers - Fixedincomr JPM Trust FLT FIT Income fund 07/13/13 180,515.211 1 693a 1 707174 -97 307 Total Jeepers - Axed income (DB) 1,804,981 1 693 923 1,707,674 -97,307 r i e . - 4x • mom* ". • . n Stange Western Digital Corp 7.375% Matures 4-1-2023 06/09/16 2 000 000 2 086 0 i ; 4.9 t;.- _ :I 158.161 Total Gratitude America - Fixed Income (Morgan Stanley) 2,086,006 2,233,966 2,244,167 158,161 Southern Trust Co. - FixedIncome (DB) Nationwide Society 6.875% GBP cable 6/20/2019 4/15/14 2,000.000 3.439,193 2.668.513 _3,779.013 $60 lig Total Southern Trust Co. - FixedIncome (DB) I 3,439,193 2 668 513 2,779,086 -660,107 Southern Trust Co. - FixedIncome (Merril) Agergan mandatory convertible proffered 5.5%3/1/2016 08/15/16 1,000,000 881.500 867,410 894,010 12,510 LSCCOM 8.75% 10/15/2023 01/13/17 26,250,000 2,789,125 2,814889 2.850,774 61.649 Kindred Heston 7.25% 1/15/2020 STC ML 10/13/18 3,000.000 3,060,528 3,260,667 3,025667 44,862 Teva inarillatoryccevertible proffered 7.0% 12/15/2018 t. ...1,000.000_ 901,750 594.500 584.000 -317.750 08715/16. 7,632,903 7,537,466 7,354,451, -278,462 faitISOtithent Trust Co. - Fixed income (Merrill) L. Southern Trutt CO. - FixedIncome (Morgan Stanley) Charles Schwab 6.0% Preferred 525 pat 7/27/15 40,000 1 000 000 1.086.400 1.106.000 106,000 Annaly Cap Management 7/25/17 40 000 1 000 000 994 000 4,000 NGL Energy Partners 9%525 par 61/17 4 000 1.151.874 996800 3,200 Seaspan 7.875% Preferred $2kpar 08/04/16 8,000 200,000 166,320 174,080 -25.920 Wells Fargo 5.7% Preferred $25 par 1/19/16 120.000 3,000,000 3,108.000 3,115,200 115,200 Ebay 6% Preferred $25 par matures 2-1.2056 2/22/16 80,000 2 000 000 2 189 600 2,166,400 166,400 Etrade Financial 5.875% fixed to 9-15-2026 then floats 8716/16 50D,000 500,000 530,000 548,300 48,300 Etrade Financial 5.875% faed to 9-15-2026 then floats 10/11/16 2,500.000 262, 3 122 2650.000 2,730,083 106,961 Royal Bank Scotland 7.64% Fixed to 9-294017 Fran 3M Libor +232Im 11/10/15 5.000.000 5,298,817 4,895,000 4,931,082 467,735 Goldman Saths 6.375% FOAM to 6404030 then 392.2 one 3 motor 6f4/15 5,000,000 5,034,346 5 291 326 5,285.469 251,122 Capital One 5.55% Fixed to 9-1-2020 then 380 over 3 mo libor 5/14/15 3.000 000 1 413 Total Southern Trust Co. - Fixed Income (Morgan Stanley) f4,231,933 25 236 4141 670,310 I I Southern Rnancial LLC - Fixed Income (DB) Bank olAmerica 8.125% PM Dec 29 204 1/10/11 2.000,000 2,055.000 2.100.013 ' 2,123.626 68,626 Barclays Bank PLC 7.75% 4/10.2023 4/3/13 300,000 30.000 317.167 316.919 16919 Citigroup Inc - Series Cl 5.95% 8/6/15 3,000000 3,030,006 3,223.598 3,238,968 238, General Electric Co GTO Fixed to Float 4.0% Dee 152065_ i2/3/15 2.469,000 _ 2 175 016 2,485.460 . . 281,913 JP Morgan Chase &CoPM 7-W -A-pril 30 2049 6/15/11 2.500,000 2 687,500 2.631.667 2.643.125 44,375 JP Morgan Chase 6 Co Pfd 7.916 /Vat.30 2049_____ 6/15/11 2.500,000 2,675,000 2.631.667 2.643,125 31,875 LBG Capital 7.5% 12/29/49 5/21/13 1.903.000 1,948,500 2,100.446 2130,567 182,067 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3.000,000 2,996.074 3.400.104 3,438 760 442,676 GMAC Cap TR I GTD PM Sec Ser 2 8 2/22/12 80 000 1,862.774 2,096.00 2.12400 241.22e Total Southern FinancialLLC • Fixed income (09) 19 719 870 20,986,1$ 21,116,000 1,396,139 Southern Financial LLC .. Fixed Income (DB) [tangos Washington Mutual hltg 2004-RA2 cl CBI var 7/25/2033 11119/13 562.781 939—.§19, _489.729 188.293 57.845 Total Southern Financial LLC - Fixed Income (DB) 430,640 489,729 488,285 57,645 TOTAL AXED INCOME 72,381,714 72,806,515 73,841,829 1,480,116 Note • AccruedInterestmras boon inckidedin month en MUNIincome auras EFTA00599620  Purchase Quantity I 6/30117 7131117 I Unrealized Asset Description Date Cost Value Value I Gain (Loss) Southern Financial LLC - Equities (DB) _ Akorn Inc. 6/10/15 . "-- 5.000 234.205 fa:VW- ' .:_1 434.?06 Akbaba Group 6/10/15 5.000 444.749 704.500 774.750 I 330,001 Allianz SE ADR 4/13/15 5.000 90.056 98.875 106.750 . Apple Inc 9/5/14 64.000 6.332.800 9,217,280 9,518,720 3,185,920 Apple Inc 1/11/16 250.000 24,750.008 38,005000 37,182.500 12,432 494 Apollo Global Management 3/31/11. 263.157 4 999 983 6.960.503 7,394,712 2 394 729 Ascena Retail Group Inc. (Formerly Dress Barn 1.3.11) 1/16101i 70.500 1,50000 151.575 164,970 -1,335.030 Avalanche Biotechnologies now called Advorum Btotochnolowes 4/20/16 10,000 398,606 25,000 25,500 373,106 BASF ADR 4/13/15 5,000 508.056 466,450 476,350 -31,706 Bank of New York Mellon 6/25/14 250.000 9.076.406 12,755,000 -9,076,406 Biogen Idec Inc 2114/12 2,095 250,455 568,499 606.691 356.236 Bioverativ Inc OM 1,047 20,254 62,996 84,863 44.629 Centene Corp 9/8/14 15,550 986,497 1 242,134 1,234,981 248,484 Dish Network Corp 6/10/15 5,000 384,978 313,800 320,150 -44.828 Facebook Inc 5/17/12 17500 665000 2642150 2961,875 2,296,875 Foundation Medicine Inc 1/16/14 49830 1.265.037 1,980,743 1,781,491 496,454 General Motors Co 12/9/10 97,525 3.585,947 3406548 -3,565,947 General Electric Co 4/23/13 23,000 496,109 621,230 -496,109 Gilead Sciences Inc 2/5/14 5,000 396,407 353 900 380 450 -15,957 Gilead Sciences Inc 3/7/14 3,100 246,797 219,418 235,879 -10.918 'Cie xo Smith Kline PLC 6/10/15 6,000 215,008 215 600 202,600 -12,406 Global Partner Acquisition Corp 7/30/15 2.000 20,000 19,700 -20 000 GoDaddy Inc. 4/1/15 700 14,000 29,694 30,086 16,086 Match 11/19/15 200 2,400 3,476 - -2,400 Mobileye NVAmstelveen Ord Shares 811/14 800 20,000 50,240 50,640 30,640 Square 11/19/15 200 1,800 3,476 -1,800 Sangamo Biosciences Inc 6/28/13 50,000 422,214 440,000 430,000 7,786 Santander Consumer USA 1/28/14 1000 24 000 12 760 12 810 -11 190 larraform Global 7/31/15 400 6 2 20 -(000 Twitter Inc 11/7/13 1,500 39 000 26805 1 24,135 -14,865 Viacom Inc 8/10/15 5.000 338,745 167501 174.600 -164,145 Volkswagen AG 4/13/15 5,000 254,306 155,625 157,250 ..._.. __ -97,056 ____ Wildocn1ree Investments Inc 3/31/15 15000 324,158 152 550 156.600 z.16Z,556 Total eouthern Financial LLC • Equities (DB) 68,293,977 79,243,099 64,449,372 6,166,395 Southern Trust Co. - Equities (Morgan Stanley) Barclays PLC ADR 7/18/16 100.000 805,096 1.059.000 1.073.000 267,904 Alice 6/22/17 5.000 161.500 _0 Natease.com Inc 7/11/17 2.000 617,135 - 622.560 5,425 Credit Suisse Group 7/18/16 100,000 1,137.626 1.460.000 . 1.535.000 374 ZTO Expiate 10/27/16 3.500 69 250 48,860 52 430 397156 Total Southern Trust Co. - Equities (Morgan Stanley) 2,628,107 2,729,360 3,282,990 654,883 Southern Trust Co. - Equities (Merrill)_ . Teradyhe Inc 7/20/17._- ' —28000 i 704.832 . -_ _ 691.800 -13,0g Moron technology 6120117 8,000 238 880 0 XLF Finanacial Sector 6/20/17 20,000 487.600 493,400 501,800 14,200 ON Semiconductor 6/8/17 12,000 200.038 168 480 179,400 -20.638 ING 4/4/17 25.000 -_873.5co — 434.750._ 465.25 ____ Total Southern Trust Co. - Equities (titeryllti 1,765,970' 1,335,510 1,841,250 75,280 Gratitude America, LTD - Equities (illsuge .. ColtinycapislaCo_kmy NorthstarInct.____ 9/26/16 73.315 928.837 1.033.006 -- I:073,332 I 1:14:496 Sequential Brenda 9/23/16 50.000 402.134 199.500 160,500 __241,634 270 Express 10/27/16 1.150 22425 16,054 17,227 -5,198 Bank of America 3/7/161 7.500 100,825 181.950 180,900 80.075 Eclitas Medicine 3/2/16 3,200 102,199 53.696 54,144 -48.055 ',anoint Holdings 50.000 1.163.762 _.1.798.00Q .. 1.996.000 634,236 Total Gratitude America, LTD - Equities (Morgan Stanley) 2,720,182 3,282,208 3,484,103 763,920 JEpateln VI Foundation - Eqult es (DB) Bristol Myers Squibb 334,712 278.600 284.500 -50.212 Disney 0/30/ 285.025 425000 ' 274.825 j0289 Total J Epstein VIFoundation - Equities (DB) 1 619,737 . _793,600 _ 659 325 .__ -60412 TOTAL EQUITIES 66,027,973 87,293,777 73,617 040 7,689,067 Southern FinancialLLC - Equity EIT's (DB) I Wlsdomtree Japan Hedged Equity 12/16/13 60,000 2 968 099 3 120 000 3.1388001 121.901 Total Southern Financial LW - Equity ETF'S (DB) I 2,966,099 3 120 000 3 138 000i 171,901 Southern Fi Financial LLC - Options (DB) Long FXE 113 Calls - exp Sep 15 2017 7119117i 450 36.006 0 98,550I 62,544 Short FXE 110 Puts - exp Sep 15 2017 7/19/171 (450) 41043 0 77.2QQ_ 460 Total Southern Financial LW - Options (08) 4,963 0 91,3501 86,387 EFTA00599621  6/30/17 7/31/17 MID YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern FinancialfSFLLQ added 10mm 3iii16 Boothbay Multi-Strategy Fund 45.393.564 45.746.548 0.78% 4.19% *dried fenm 3trine Total Hedge Funds - SF LLC 45,393,564 45,746,548 winanvlOmm WOW weal immetment 40mm 2015 Mum 3.77% Hedge Funds - Haze King Street 3.516.505 3.648.710 20M117 mkt be dale: Hedge Funds - Haze 3,516,505 3,648,710 3017 •aprp alum 4172111 5,47,954 paid of capital of 7/27/10 6.102,124 paid 2.307403 10/27116 6,186,141 pale 4tle111.414 112787 3,99044 US diarib000011 201$ return 4.ee% Hedge Funds - STC Honeycomb 22.545.473 23.660.296 4.94% 17.78% added 2Orrun 041/10 Total Hedge Funds - STC 22,545,473 23,660,296 2011return 0.44% Total Hedge Funds 71,455,541 73,055,554 - . . SFL Mort Southern FT Asset Description Inc. JEE Trust IGO LLC Real Estate Investments SFL Kyara I (repaid 100 cost + 201k profit 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 rat at cost) 11,250,000 AYH Marina (value per jee) 3,000,000 SIC Adfin Solutions (investment amount) 875,000 butterfly trust Park Partners LLC - 320 East 82nd Street (investmen amount) 3,480,000 Paid Contract to Purchase 2 Kean Court Livingston, NJ 3,000,000 Coinbase SIC 3,001,000 Spotify via Honeycomb 11 1,000,000 Reporty via Ergo Ltd (investment amount) 1,000,000 Valar Global Fund II (amount funded vs 15mm committmen ) 13,650,000 000/24717 Is fl aws 5.8rown ommelued pis) Valar Global Fund III (amount funded vs 25mm committment) 15,000,000 (80312017 le Sm. altrommteelimei 061) Totals I 11 260 000 3,000,000 34,026,000 3,001,000 6,480,000 Total Investments 57,756,000 I Hyperion JEGE JEGE Asset Description I 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 N908JE 250,000 Plan D LLC 250,000 2008 G550 15,750,000 15,750,000 Automobiles 1,175,000 1,175.000 Boats 700,000 700,000 TotalAviation, Automobile & Boats 2,500.000 6,500,000 250,000 17,625,000 26,875,000 hlto://www.espn.corninin/M0ryi jun20421. .J•kvrin.wvintt-hoSIOn•Cellics-deal.unClvding•luaiali-Thomas 8/2207, 10:27 PM Page 10 of 9 EFTA00599622  Asset Description JEE SFL STC FTRE Totals Loans Receivable Nina Keita 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 Anna 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 LV Home & Other 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 Arts, Antiques & Jewelry haze trust Giacometti (17,064,000pounds @ 1.30) 22,183,200 22,183,200 Loan Payable to BJAV LLC (PLAN D 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 -29,725,000 25,233,200 1,583,200 EFTA00599623