EFTA00811963.pdf

Valuation Report 2/28/2019 EFTA00811963  SUMMARY OF ASSETS - FEBRUARY 28, 2019 1/31/19 2/28/19 $ Asset Value Value Change Cash 64,386,774 85,206,240 20,819,466 Fixed Income 48,504,739 34,254,173 (14,250,566) Equities 115,692,727 111,516,104 (4,176,623) Hedge Funds 106,253,079 109,761,209 3,508,130 Investments 56,643,626 56,643,626 - Aviation, Automobiles & Boats 18,350,000 18,850,000 500,000 Loans Receivable 17,359,472 17,459,472 100,000 Fine Arts, Antiques & Jewelry 9,900,000 9,900,000 - Loan Payable - BJAV (20,500,000) (20,500,000) Teta! Assets 416,590,417 423,090,824 6,500,407 Cash Activity - Items over 45,000 STC IB Capital One 5.55% Fixed to 9-1-2020 3,054,899 SFL DB Sold 2,500m COFP 4.407 08/06/19 at 101.275 Euros 3,028,507 Vortex Linked Note (selling S&P put spreads and bu ing VIX calls) 2,943,000 SFL DB Southern Cal Edison 6.25% 2,811,244 Japan Banks Capped Note Exp Feb 1 2019 2,196,813 3FL DB Centene Corp sold 15,550 shares at 127.35888 1,979,777 SFL DB General Electric Co GTD 4.0% Dec 15 2065 1,707,170 Gratitude sold 10k WRLD @ 109.2641 1,092,641 )ividends, Interest Income & Other Distributions 948,500 3TC IB NGL Energy Partners 9% $25 par 944,000 3FL DB Deutsche Bank AG 4.296% exp 5/24/2028 887,901 3TC DB Buckeye Partners Fixed to Float 6.375% 861,213 3FL DB Deutsche Bank AG 4.875% exp 12/1/2032 823,244 3ratitude sold GM Financial 6.5% fixed to 9/30/28 231,268 Gratitude sold 10k CTL Co? 14.26 142,600 inhanced DB Sold DIS 685 Shares at 111.413 76,318 .'.rihanced DB Sold BMY 1000 Shares at 49.58802 49,588 )avid Mitchell (100,000) 3utteryfly Trust to Karyna (150,000) .01 East 66th Street Annual Expenses including storage units (245,100) Aiscellaneous (314,116) egal Fees - Martin Weinberg (350,000) ;76 Deposit (500,000) Aonthly Spending (1,300,000) 7otal Cash Activity - Items over 45,000 20,819,466 EFTA00811964  Deutsche First Banco Pop Wells Morgan Intersah* TO Asset Description Bank Bank SNP Paribas Fargo Merrill Stanley Bowan Am•rltne• Totals Cash Southern Fmancial LLC 24.754.423 100,838 5.839.411 30,694,672 Southern Trust Company Inc. 2.858.177 410,169 299,452 8.219.409 12,401,541 24,188,748 The 2017 Catepilar Trust 12.121,319 12,121,319 JEE 5.185.033 243.403 7,027 5,415,463 Gratitude America, Ltd. 364,494 4,933,386 5,347,880 LSJE LLC 283,494 879,553 571,387 1,734,414 FT Real Estate 800,945 800,945 Hyperion Air LLC 749,348 749,348 Plan D LLC 563,476 563,476 Maple Inc. 471,600 471,600 Neptune LLC 334,959 334.959 Great St jr LLC 293,703 293,703 NES LLC 281,171 281,171 Southern Country International LTD 276,849 276,849 Zone Management LLC 271,906 271.906 Laurel Inc. 270,155 270,155 Thomas World Air LLC 263,404 263.404 Michelin Transportation Co LLC 223,907 223,907 Butterfly Trust 207,578 207,578 Nautlus Inc. 203.837 203,837 QYPress Inc. 193.775 193,775 Enhanced Educatbn 162.309 162,309 JEGE LLC 83,144 83,144 lireedorn Air Petroleum 22.512 22,512 JEE • Pans MO FM Richards (shown in US 5) 16,374 16,374 Jaspers Inc. 7.009 7.009 .SJ LLC 5,150 5.150 :SF LLC 337 337 fhe JEE Life Ins Trust N3 206 206 GO Company LLC 90 90 -laze Trust 0 0 . .. rota/ Cash 47,674,234 5,093,201 322,853 571,367 8,219,409 4,983,386 12.502.375 5,139,411 85,206,240 EFTA00811965  Purchase Quantity 1/31/19 2128/19 Unrealized Asset Description Yield Date Cost Value Value Gain (Loss) FIXED INCOME 3ratitude America - Fixed Income (Morgan Stanley) 3M Financial 6.5% fixed to 9/30/28 8.500% 9/24/18 250,000 • 226,983 - 0 :rontier Communications 7.125% Matures 3/15/2019 7.125% 10/02/17 1,000,000 997.372 1 011 917 1 031 010 33 688 Total Gratitude America - Fixed Income (Morgan Stanley) 997,322 1,238,900 1,031,010 33,688 Southern Trust Co. - Fixed Income (DB) kokeye Partners Rue to Root 8.375% Callable 1/22/23 1/25/18 1,000,000 • 871,594 - 0 Total Southern Trust Co. - Fixed Income (DB) - 871,594 0 0 Southern Trust Co. - Fixed Income (Merrill) lank of America 5.88% Rd 12-31.2049 5.880% 03/08/18 1,000,000 1,000,000 972,600 985,800 -14 200 Total Southern Trust Co. - Fixed Income (Merrill) 1,000,000 972,600 985,800 -14,200 iouthern Trust Co. - Fixed Income (Interactive Brokers) lspital One 5.55% Fixed to 9-1-2020 then 380 over 3 rno ;tor 5/14/15 3,000,000 - 3,020,160 - 0 :banes Schwab 6.0% Profaned 625 par 8.000% 7/27/15 40,000 1,000,000 1,048,800 1,067,600 57,600 'grade Financial 5.875% fixed to 9-15-2026 then floats 5.875% 10/11/16 3,000,000 3,123,122 3,000,000 3,043,050 -80,072 ;oldrren Sachs 5.375% Fixed to 5-10-2020 then 392.2 over 3 rro libor 5.375% 6/4/15 5.000,000 5,034,346 5,006,250 5,048,150 13,804 JGL Energy Partners 9% 325 par 6/6/17 40,000 920.800 - 0 rota/ Southern Trust Co. -Fixed Income (Interactive Brokers) 9,157,468 12,996,010 9,148,800 -8,668 itlythem Financial LLC • Fixed Income (TO) tssurant Fixed to Float 7% March 2048 7.000% 3/29/18 2,000.000 2,039,653 1,948,222 1,960,000 -79,653 ;itigroup Inc - Series 0 5.95% 5.950% 8/6/15 3,000,000 3,000,006 3,108,558 3,037,500 37,494 Citibank Preferred Ser K 6.875% 6.875% 2/3/14 79,000 1,999,419 2,054,000 2,137,740 138,321 :wizens Communications 7.125% Mar 15 2019 7.125% 10/3/17 1,000,000 1,000,095 1 011 917 998,750 -1,345 ;OPP 4.407 8/2019 Euro Bond 9/12/18 2,500,000 - 2,990,360 0 )eutsche Bank AG 4.875% exp 12/112032 6/1/18 1,000,000 - 851,125 - 0 kiutedie Bank AG 4.296% exp 5/24/2028 611/18 1,000,000 - 895,935 - 0 izelainter LLC 10% July 15 2023 10.00% 10/24/17 2,000,000 1,940,506 2,008,889 2,040,000 99,494 Exelainter LLC 10% July 15 2023 10.00% 7/9/18 1,000,000 1,028,197 1,004,445 1,020,000 -6,197 tenni Electric Co GTO Fixed to Float 4.0% Dec 15 2065 12/3/15 1.689,070 - 0 MAC Cap TR I GTO Pfd Sec Ser 2 8 2/22/12 80,000 1,882,774 2,088,800 2,079,200 196,426 BS Investments 7.25% AprN 3 2024 7.250% 10/31/17 2,000,000 1,981,300 2,115,265 2,066,020 84,720 P. Morgan Chase & Co Rd 7.9% Aprd 30 2049 7.900% 6/15/11 5,760,000 6,244,622 5,795,518 5,787,360 -457,262 byds Banking Group Capital 7.5% 12/29/49 7.500% 5/21/13 1,903,000 1,948,500 1,949,782 1,961,993 13,493 icuthern Cal Edison 6.25% Dec 31 2049 6.250% 1/30/12 3,000,000 - 2.913.7Q Q "otal Southern Financial LLC - Fixed Income (TD) 23,063,072 32,425,635 23,088,563 25,492 -OTAL FIXED INCOME 34,217,862 48,504,739 34,254,173 36,311 EQUITIES :outhem Financial LLC - Equities (DB) pple Inc AAPL 12/7/17 224,000 38,038,358 37,282,560 38.785.600 747,242 :entene Corp CNC 9/8/14 15,550 - 2.030.364 4 btal Southern Financial LLC - Equities (DB) 38,038,358 39,312,924 38,785,600 747,242 buthem Financial LLC - Equities (TD) :' ihaba Group BABA 6/10/15 5,000 444,749 842,450 915,150 470,401 mazon AMZN 4/2/18 1,000 1,395,441 1,718,730 1,639,830 244,389 pple Inc AAPL 6/20/18 50.000 9,339,691 8,322,000 8,657,500 -682,191 poi° Inc AAPL 10/15/18 40,000 8,760,702 6,657,600 6,926,000 -1,834,702 pple Inc AAPL 12/7/17 90,000 15,283,269 14,979,600 15,583,500 300,231 polio Global Management APO 3/31/11 263,157 4,999,983 7,705,237 7,710,500 2,710 517 boon Idec Inc BilB 2/14/12 2.095 250,455 699,269 687,181 436,726 arvana CVNA 6/21/18 25,000 1,086,102 928,750 1 121 500 35,398 cog* GOOG 2/2/18 2,000 3,236,188 3,349,110 3,359,760 123,572 aneopharm Therapeutics Inc Kvn 7/12/18 25,000 467,106 211,750 103,250 -363,856 need Technologies UTX 6/21/18 15,000 1.882.944 1.771,050 1.885.050 2.106 otal Southern Financial LLC - Equities (TD) 47.146,630 47,185,546 48,589,221 1,442,591 EFTA00811966  Purchase Quantity 1/31/19 2/28119 Unrealized Asset Description Yield Date Cost Value Value Gain (Loss) Southern Trust Co. - Equities (Merril° <8W Regional Bank ETF KRE 11/16/17 9,000 503,167 476,640 509,490 6,323 Darvana CVNA 9/4/18 125,000 8,255,075 4,643,750 5,607,500 -2,647,575 Exxon Mobil XOM 10/15/18 10,000 813,881 732,800 790,300 -23,581 :acebook FB 7/26/18 20.000 3,559,596 3,333,800 3,229,000 -330,596 DIN Oil Services ETF OIH 5/16/18 17,000 490,376 286,790 290,700 -199,676 aro alma FA Index eke Y27f1019 oar dna value Me(downekle eveetdd 73.9%) 9/25/17 net wise asss 2,500,000 2,473,375 7478,275 -21,725 Japan Banks Capped Note Exp Feb 1 2019 (75% barrier) 1/25/18 - 2,200,000 - 0 /ones Linked Note Being SSP put spreads and buying VIX taus) exo4/9/01i 3/8/18 2,962,279 - 0 (X7E Market Plus Note Ey 4/26/2019 (72% barrier( 10/24/17 3,999_999 2171.030 gazzaa -913.71Q Total Southern Trust Co. - Equities (Merril0 19,122,095 19,230,464 14,991,555 -4,130,540 Southern Trust Co. - Equities (Interactive Brokers) 3oldman Sachs GS 1/25/18 1,850 499,873 366 319 363,895 -135,978 3eneral Dynamics GD 2/7/18 2,300 501,381 393,691 391,506 -109,875 3eneral Dynamics GD 3/27/08 3,450 773,056 590,537 587,259 -185,797 3eneral Dynamics GD 5/7/08 2.500 491,250 427,925 425,550 -65,700 .ockheed Martin LMT 2/7/18 1,400 489,300 405,566 433,174 -56,128 .ockheed Marlin LMT 3/20/18 2,100 707,676 608,349 649,761 -57,915 .ockheed Martin LIST 5/7/18 1.500 472,500 434,535 464,115 -8,385 •lorthtrop Grumman NOC 2/7/18 1,470 493,920 405,059 426,241 -67,679 4orthtrop Grumman NOC 328/18 2095 760,159 604,832 636,462 -123,697 JOrthlt00 Grumman NOC 5/7/18 1,500 475,800 413,325 434,940 -40,860 )911Dil Services ETF OIH 5/17/08 17,000 504,839 286,790 290,700 -214,139 kaYtheon RTN 2/7/18 2,400 498,840 395,424 447,600 -51.240 leytheon RTN 3/20/18 3,600 763,284 593,136 671,400 -91,884 taytheon RTN 5/7/18 2,400 491,880 395,424 447,600 -44,280 (8W Regional Bank ETF KRE 3/26/18 20,000 1.210.847 1.059.200 1.172 000 -88.847 rota/ Southern Trust Co. - Equities (Interactive Brokers 9,134,605 7,380,112 7,792,203 -1,342,401 I-rat/rude America, LTD - Equities (Morgan Stanley) 3eneral Electric GE 10/23/17 22,000 491,068 223,520 228,580 -262,488 Aicrosoft MSFT 9/6/18 10,000 1,113,704 1,044,300 1,120,300 6,596 3entury Link CTL 9/6/18 - 153,200 0 Vabtec (General Electric spinoff) WAB 2/25/19 118 9,081 - 8,645 -436 Vorld Acceptance Group WRLD 8/9/18 - 1 036 900 Wel gratitude America, LTD - Equities (Morgan Stanley) 1,613,853 2,457,920 1,357,525 -256,328 i Epstein In Foundation - Equities (DB) Irislol Myers Squibb BMY 10/30/15 1,000 - 49,370 - 0 hsney DIS 10/30/15 685 - 76.391 - 0 oral J Epstein W Foundation - Equities (DB) 0 125,761 0 0 -OTAL EQUITIES 115,055,540 115,692,727 111,516,104 -3,539,436 EFTA00811967  1/31/19 2/28/19 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern Financial (SFLLC) basis %arm • 7.10mrn Boothbay Multi-Strategy Fund 46,876,610 47,825,381 2.02% 3.44% withdraw tOniii 4/917 Boothbay Enhanced Fund 7 873 200 8 116 540 3.09% 5.22% anti Feb r arm sad Total Hedge Funds-SFLLC 54,749,810 55,941,921 2016 mum 3.77% 2017 mum 118% Hedge Funds - Haze nja return of canlat 7417 realm of =dal 31917 reon iions rid King Street - Illiquid Special Investment 2,192,862 2,191,292 'mums 57368 4115 2247103 4127116 5.94954 paid Hedge Funds -Haze 2,192,862 2,191,292 Yuma 12.017 B/15 113,514 7/29169162.924 paid 93/2018 37.213 9113 2,738 1921116 1186.961 paid 7019 return of cholla 1916/2018 871489 416/2018 374.293 10/12 18,370 1/27117 339(644 paid 1111/2019 1,570 1416/2018 22,933 97/2018 67976 11/9 4460 2016 Mum 4.68% coact 12/1372018 80.116 7/192016 435 kedge Funds -STC Mills Inv 201120 931/11 Honeycomb 49,310_407 51,627,996 4.70% 8.80% added 1520206/22041 Total Hedge Funds - STC 49,310,407 51,627,996 aided &on 9/234 2016 na 0.44% (6 mod) Total Hedge Funds 106,253,079 109,761,209 2017 Mum 21.0% SFL Mort Southern Grat FT Asset Description Inc. JEE Trust IGO LLC Real Estate IAVestments SFL <j/ara II (investment amount) marked to $0 in Sep 2018 0 <yam IV (investment amount) 250,000 Neoteny 3 (investment amount less 30k distribution 4/20/18) 970,000 'rytanee LLC (art partnership) 1,500,000 Jawbone Investment (prat) 1,000,000 AYH Marina (value per jee) 3,000.000 sic Seaford Avenue Capital - PS Investment - Auto Debt (total comm 2.6mm) 2,318,126 Ndfin Solutions (investment amoun ) 875,000 buttedtytrust 'ark Partners LLC - 320 East 82nd Street (investment amount) 3,480,000 'aid Contract to Purchase 2 Kean Court Livingston. NJ I 3,000,000 Joinbase via Grat (50% sold for $15mm Feb 2018) sit 1,500,500 lePorty via Ergo Ltd (investment amount) 1,000,000 /Oar Glcbal Fund II (amount funded vs 15mm committmen0 21.03% ownership 14,250,000 . 930/2018 FMV 21,166,482 FMV as of 12-31-2018 40,750,000 cumulative IRR thru 943-20111 313% 'alar Global Fund III (amount funded vs 25mm committment) 34.17% ownership 23,500,000 960/2018 FMV 33,165,591 FMV as of 12-31 2018 49,690,000 CU nvIallve IRR 6120 9-30.2018 5(7% Totals 1,000,000 3,000,000 44,663,126 1,500,500 6,480,000 Total Investments 56,643,626 EFTA00811968  . Hyperion JEGE Plan D Asset Description Air LLC LLC LLC Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE 1,000.000 1,000,000 1988 Gulfslream G-IV N212JE 2,900,000 2,900,000 2008 G550 14,000,000 14,000,000 2008 S76C Deposit 500.000 500,000 Automobiles 250,000 250.000 Boats 200,000 200,000 Total Aviation, Automobile & Boats 1,500,000 2,900,000 14,000,000 450,000 18,850,000 Asset Description JEE SFL JEGE Inc. FTRE Totals Loans Receivable Nina Keita Rocks stow iotx yet pa sao 150Iq 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 343,700 660,000 1.003,700 Osboume Lane Capital (Paul B) 1,000,000 1,000,000 IIIIIIII 20,000 303,262 323,262 Harlequin Dane, LLC 7,750,000 7,750,000 Coatue Enterprises LLC 3,000.000 3,000,000 Bella Klein 115.000 115,000 Leiley 410,000 410,000 David Rodgers 60.000 60,000 Mervin 10,000 10,000 Home 133,000 133,000 Darren Indyke 475,000 475,000 Richard Kahn 475,000 475,000 LV Home & Other 1,457,000 175.000 1,632,000 650,064 650,064 Total Loans Receivable 2,893,210 11,520,000 950,000 2,096,262 17,459,472 Enhanced Asset Description Education JEE JEE Various Totals Fine Arts, Antiques & Jewelry Dello 175,000 175,000 'agano Diamonds 500,000 500,000 12.73 Carrot Emerald Cut Diamond* Insurance value 5,400,000 5,400,000 Natches, Earring & Other 775,000 775,000 :ine Arts Schedule 3,050,000 3,050,000 ...... Kiel Fine Arts, Antiques & Jewelry 175,000 5,900,000 775,000 3,050,000 9,900,000 i_oan Payable to BJAV LLC (PLAN D LLC) (20,500,000) (20,500,000) EFTA00811969