EFTA01199989.pdf

Valuation Report 12/31/2014 EFTA01199989  SUMMARY OF ASSETS - DECEMBER 31, 2014 11/30/14 12/31/14 $ Asset Value Value Change Cash 229,960,468 225,848,665 (4,111,803) Fixed Income 61,274,744 60,510,177 (764,567) Equities 46,873,384 45,586,838 (1,286,546) Equity ETF's 3,324,000 2,953,800 (370,200) FX - Options & Derivatives 144,640 36,536 (108,104) Hedge Funds 41,472,051 41,447,068 (24,983) Investments 17,565,911 20,566,911 3,001,000 Aviation, Automobiles & Boats 13,400,000 13,400,000 - Loans Receivable 647,446 647,446 - Fine Arts, Antiques & Jewelry 7,500.000 7.500.000 0 Total Assets 422,162,644 418,497,441 -3,665,203 Cash Activity - Items over 50,000 Purchase of Coinbase via IGO LLC (3,001,000) Dividends, Interest Income & Other Distributions - per SFL stmt 707,088 Dividends, Interest Income & Other Distributions - per STC stmt 107,530 Dividends, Interest Income & Other Distributions - per Haze stmt 24,446 Artefacto - Order 2 deposit (122,148) Gulfstream repairs (182,634) Monthly Spending (1,500,000) Miscellaneous 145 086) Total Cash Activity - Items over 50,000 (4,111,803) EFTA01199990  Deutsche First BNP Paribas Wells Asset Description Bank Bank & MJ Escrow Fargo Totals Cash Southern Trust Com_pany 89,827,405 971,756 90,799,161 Southern Financial LLC 58,889,525 58,689.525 Haze Trust 43,922,656 43.922,656 Jeepers Inc. 24,661,194 372 24,661,566 JEE 1.876,551 508,237 2,384,788 Enhanced Education 1.837.593 245,196 2,082,789 FT Real Estate 1,207,169 1,207.169 LSJE LLC 737,061 737,061 Butterfly Trust 490.683 490,683 JEGE LLC 173,508 173,506 JEE - Paris (US S) 147,500 147,500 Zorro Development Corp 65,229 73,543 138,771 Nautilus Inc. 72,920 72,920 Thomas World Air LLC 59,448 59.448 Cypress Inc. 58,544 58,544 NES LLC 47,514 47,514 Hyperion Air LLC 41,754 41,754 Neptune LLC 40,052 40.052 Maple Inc. 25,355 25,355 Freedom Air Petroleum 23,742 23,742 JEGE Inc. 17,431 17,431 Plan D LLC 10,400 10,400 Michelles Transportation Co LLC 7,091 7,091 Laurel Inc. 6,949 6.949 IGO Company LLC 1,290 1,290 FSF LLC 793 793 The JEE Life Ins Trust #3 206 206 Total Cash 221,701,699 3,925,923 147,500 73,543 225,848,665 EFTA01199991  Purchase Quantity 11/30114 12/31114 Unrealized Asset Description Date Cost Value Value Gain (Loin Haze Trust - FiredIncome i Bank of America 8.125% Pld 12/29/2049 05/10/11 3,000.000 3389,621 3 242,656 3,267,396 -122,225. JP Morgan Chase 7.9% Pfirrir40/2049 05/10/11 3.000.000 3,337.958 3.376,580 1,X03,400 40.6503, Pea~~bod77LLEnnergy Corp Sr Notes 7.375% 11/1/2016 05/10/11 1,200,000 1,259,505 1,252129 1,247,750 -11.755i 1payment nc 11125% 5/15/2018 10/02/12 500,000 44295 4111 5 451,549 -10,F17I JPM Tr Flt Rate Income Fund 01/22/13 215,898.317 2,177492 2,123,903 2,098,532 -78,9611 GS Mortgage Loan 2005-5FCtL Si 5.7596% 5110/13' 1,500,000.00 1160.356 1.166.592 1,164,242 3.886 Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739 1.204 260 1,196,405 15,666' -orrbank—IWened C 5.8% 10/28/14 150,967.00 3,670,430 3,707,730 3,643,595 13,1641 Citibank Preferred Sar K 6.875% 2/3/14 79,000.00 1,999.4.117 2 091.134 2.099.8a__ 100.401' Total Haze Trust-FiredIncome 18,637816 18,482,126 f8,477,688 -160,127. 1 Southern Trust Co. -ENS)ncome SA Financial 8.5% Pfd See A 6/11/13 67,000 1,429,418 1,512,780 1.532,160 102,7431 Nationwide Society 6.875% Gl3P callable 6/20/2019 4/15/14 2,000,000 3.439.193 3,236.190 370703 -228.0901 Paroles De Venezuela 5% 10/28/15 9/17/13 2,000,000 1,90 186 a.in1, 147,24222 AMID Total Southern Trust Co. - Fixed Income 6,775,796 6,455,859 6,270,485 -506,311' i Jeepers • Fixed Income JPM Tmat FLT RT Income fund 02/13/13 161.730.680 1,628.209 1,591,030 1,672,024 -56,1851 Total Jews - FindIncome 1,628,209> 1,591,030 1,672,024 -58.1asi Southern Financial LLC - FixedIncome I Bank of America 8.125% Isfd Dec 29 2049 1/10/11 2,000,000 2,055,000 2.161.771 2,178.264 123.2641 Bards s Bank PLC 7.75% 4/10/2023 4/3/13 300000 300000 330,793 332,231 32,231 Earthlink Inc 8.875 May 15 2019 10/22/12 400,000 410,121 408.979 3WS36 -10;755 EartNink Inc 8.875% May 15 2019 10/23/12 600,000 614,108 613,469 599,004 -15104 General Electric Cap Corp 7.125% Dec if -Sib 6/27/12 2,000,000 2,096,008 2.400.313 2,333,833 234,925 Headwate .625% 4/1/2019 10/22/12 1,000,000 1,019,080 1A59,997 1,061,563 42,483 JP Morga Chase & Co Pfd 7.9% AprIl 30 2049 8/15111 2,500400 240.560 2.730.483 2.723467 36.187 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2500000 2,675,000 2730,03 2723,667 48,667 LBG Capital 12/29/49 5/21/13 3,000,000 3,247.500 3.312.389 3.219,492 -28,009 Lloyds Bank 0.875% 12/16/2021 5/10/12 1,500,000 1,615 162 1,870,292 1,727,010 111,848 Petroles be 5% 10,214016 9/16/13 2.500,000 ,383,972 2,133,611 1409.028 -474,944 Servicemaster Company 8% Feb 15 2020 1/24/13 440,000 461.693 476 667 476,398 14,705 ServIcamaster Company 8% Feb 15 2020 2/25/13 1,000,000 1.054,556 1,083,333 1,082,722 28331 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3.000,000 2,994.274 3376,979 3,404,375 410,101. My FInandal MI SerA Callable 2/3/12 46,600 903.218 1,236,764 1,252,608 349,390' Ally Financial PM SerA Callable 2/9/12 80,000 1.610,000 2,123,200 2,150,400 640.4001 GMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80,000 1,882,774 2,115,200 2,110,400 227,6261 Royal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40,000 951,600 1,030,400 1,019,600 68.0001 Royal Bank Scotland Group PLC 7.25% Ser T 1/7/13 40.000 995.200 1,030,400 1.019,600 24.4001 Royal Bank Scotland Group PLC 7.25% Ser T 1/14/13 40,000 977 600 1 030 400 1.019,6(0 42.4061 i Total Southern Financial LLC - Fixed Income 30,937,264 33,255,923 32,742,797 1,80=31 i Southern Financial LLC • FixedIncome (asset backed securities) face value 1 Countrywide Horne Loans 2003.1 d al 5.75% 3/25/03 4)16/13 972,621 908,199 844,071 513,586 44,613, Washington Mutual Mtg 2004-RA2 d CB1 var 7/2512033 11119/13 132 389 660.414 645.736 fia595 73.182E Total Southern Financial LLC - FixedIncome (asset backed securities) 1,468,613 1,489,806 1,447,182 -21,431j TOTAL FIXED INCOME 61,274,744 40,510,177 Note: AccruedInterest has been Included in month and &adIncome 't o's .• EFTA01199992  Purchase Quantity 11/30/14 12/31114 Unrealized Asset DescrIpdon Date Cost Naha Value Gain (Loss) Southern Financial LLC - Equities Apple Inc 10/28/13 14 000 1,056121 1,665,020 1545320 487,200 Apple Inc 9791( 150.000 14:942506 17.839,500 16;667;000 1,714,494 &mho Global Management 3/31/11 263.157 4,999,983; 6,431,557 6,205,242 1,205,259 Mad Pharmaceuticals Inc 2/14/12 7,535 114.597 53,574 n.5 -62,832 Mad Pharmaceuticals Inc 1/24/13 9,000 178.400 63,990 81,830 -114,570 Anna Retail Group Inc. (Fomterty Dress Elam 1.3.11) 1/16/01 70500 1,500,000 943,995 885,480 -614.520 bank of New York Melon 6/25/14 250.000 , 9.078.408 10,007,500 10,14Z500 1,066,094 Bingen Idec Inc 2/14/12 2095 , 250455, 644611 711,148 460,693 ra ook Inc 5/17/12 17.500 i 666.000I 1,359,750 1,366,350 700,350 Foundation Medicine Inc 1/16114 49,8301 1,285,037 1.176,985 1,107,223 -157,814, General Motors Co 12/9/10 07,525 3,585.947 3.260.261 3A04,598 -181,349. General Electric Co 4/23/13 23000 496.109 609,270 681,210 85 101: td Sciences Inc 2/5/14 5,000 396.407 501,800 471,360 74,893' Glued Soances Inc 3/7/14 3.100 246.797 310,992 292,206 45,409' -illh Net Inc 9/8/14 25,000 1,174,606 1,284,500 1,338.250 183.744 Moblleye NV Am:Heinen OS Shares 8/1/14 800 20.000 35,080 32,456 12,456 San9amo Biosciences Inc 5/28/13 50.000 422,214 604,000 760,500 338,286 Santander Consumer USA 1/28/14 1,000 24.000 18.590 19,610 -4.390 Twitter Inc 11/7/13 1500 39.000 62,§1Q_ 311- Se 14.850 Total Southern Financial LW - Equities 40 353,484 46,873,384 45,686,838 5,233,354' Southern Financial LLC • Equity ETF's I Wisdomtree Japan Hedged Equity 12/16/13 60.000 2,966.099 3,324,000 2,953.800 -12,2991 Total Southern Financial LLC - Equities 2,986,099 3,324,000 2,953,800 -12,2991 unrealized Southern Plnenclet LLC-Pr Options & Oertvelives gain /boa , Long Put USD vs CNH - Strike 6.16 Exp 8/12/2015 8/12/14 76,000,000 273,000 144,640 38,638 -236.464 Total Southern Financial LW - FX 0 dons & Derivatives 273,000 144,840 36 536 EFTA01199993  11/30/14 12/31/14 MTD YTD Asset Description Value Value Return Return Hedge Funds • Southern Financial (SFLLC) Highbridge Multi Strategy 64,268 61,594 -4.16% 54.19% Bruce Galloway 3,120,471 3,033,193 -2.80% -24.17% Boothbay Multi-Strategy Fund 10,102,493 10,216,651 1.13% 2.17% Bear Sterns Asset Backed Sec 124.916 124.916 (book carrying value) Total Hedge Funds - SF LLC 13,412,148 13,436,355 Hedge Funds - Haze Highbridge Multi Strategy 115,685 110,873 -4.16% 54.19% King Street 27.936.158 27.699,841 -0.0013% 6.45% Hedge Funds - Haze 28.051,843 28.010,713 Hedge Funds - Jeepers DB 2wirn - Corbin - est of 5% holdback 8.060 1:1 Hedge Funds - Jeepers 8,060 0 Total Hedge Funds 41,472,051 41,447,068 SFL Mort Southern Asset Description Inc. JEE Trust IGO LLC Jeepers investments SFL Kyara I (repaid 100 cost + 201k profit)_ 0 Kyara II (at cost) 250,000 Kyara III (at cost) 500,000 Jawbone Investment (grat at cost) 10,000,000 AYH Marina (value per jee) 1,000,000 sic Adtin Solutions (at cost) 875,000 124 Parc Moceau - Palm Beach (at cost + 71,513 re taxes) 4,940.911 Coinbase 3,001,000 Totals 10,000,000 1,000,000 1,626,000 3,001,000 4,940,911 Total Investments 20,566,911 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles S Boats 2001 Bell 430 N331JE (ins value) 2,500,000 2,500,000 1988 Gulfstream G-IV N212JE (insurance value) 6,500,000 6,500,000 1968 Boeing 727 N908JE (insurance value) 3,000,000 3,000,000 Automobiles I 700,000 700,000 Boats I 700,000 700,000 Total Aviation, Automobile & 2,500,000 6,500,000 3,000,000 1,400,000 13,400,000 Boats 1_ EFTA01199994  1 Asset Description JEE Totals Loans Receivable Adam Bly 200,000 200,000 Larry / Eileen Visoski 225,000 225,000 Johnny O'Sullivan 22,446 22,446 Gertrude / Larry Delson g00.000 200,065 Total Loans Receivable 647,446 647,446 Enhanced Asset Description n Education JEE JEE Various Totals Fine Arts, Antiques & Jewelry Cello 175,000 175,000 32.73 Carrot Emerald Cut Diamond D 3.500,000 3.500.000 Watches, Earring & Other - see attached 775,000 775,000 Fine Art Schedule - see attached 3.050 000 3 050 000 Total Fine Arts, Antiques 14 175,000 3,500,000 775,000 3,050,000 7,500,000 Jewelry EFTA01199995