EFTA00811927.pdf

Valuation Report 11/30/2018 EFTA00811927  SUMMARY OF ASSETS - NOVEMBER 30, 2018 10/31/18 11/30/18 $ Asset Value Value Change Cash 67,625,019 76,273,353 8,648,334 Fixed Income 59,581,658 47,984,695 (11,596,963) Equities 142,554,263 126,691,259 (15,863,004) Hedge Funds 104,719,145 105,037,246 318,101 Investments 52,625,224 52,625,224 - Aviation, Automobiles & Boats 18,350,000 18,350,000 - Loans Receivable 16,119,472 17,619,472 1,500,000 Fine Arts, Antiques & Jewelry 9,900,000 9,900,000 - Loan Payable - BJAV (20,500,000) (20,500.000) Total Assets 450,974,781 433,981,249 -16,993,532 Cash Activity - Items over 50,000 SFL LLC DB Sold 333,629 JP Morgan Floating Rate Income Fund @ 9.21 3,072,723 DB - Sold 2,650,000 LSC Communications Inc. 8.75% 2,775,875 Haze Trust DB Sold 253,726JP Morgan Floating Rate Income Fund @ 9.21 2,336,818 Jeepers DB Sold 190,068JP Morgan Floating Rate Income Fund @ 9.21 1,750,526 Fine Arts Insurance Proceeds 1,000,000 Dividends, Interest Income & Other Distributions 730,774 David Mitchell Loan Repayment to FIRE - From Sagaponick Sale 500,000 David Mitchell Loan Repayment to JEE - Hotel 80,000 Gratitude to Humanity Plus - Joscha Bach (50,000) Zorro Real Estate Taxes (108,484) Miscellaneous (175,000) PBI Real Estate Taxes (196,674) IEGE LLC - GIV Prebuy and Other work (205,126) LSJ - Purchase of Cat 325 & Accessories (313,098) Coatue_Enterprises LLC Loan (500,00_01 -Iarlequin Dane LLC Loan (1,000,000) Monthly Spending (1,050,000) Total Cash Activity - Items over 50,000 8,648,334 EFTA00811928  Deutsche First Banco Pop Wells Morgan Intwattito TD Asset Description Bank Bank BNP Paribas Fargo Merrill Stanley Stoke,, AmerUndo Totals Cash Raze Trust 17,645.648 17,645.648 Southern Trust Company Inc. 6.026.540 816.315 299.452 3.083.445 6.105.926 16,311.679 The 2017 Catepalar Trust 13.609.615 13,609,615 Southern Financial LLC 8,867.546 100,710 298.479 9.266.735 JEE 6,922,186 205,863 7.027 7,135,076 Gratitude America, Ltd. 2,232,433 131,406 1,9)1832 3,865,770 Jeepers Inc 3,262,879 7,009 3,269,888 LSJE LLC 405,180 494,248 190,921 1,090,348 FT Real Estate 800,870 800,670 Plan 0 LLC 783,196 783,196 Buttedly Trust 706,882 708.862 Southern Country International LT 361,849 361,849 Neptune LLC 257.574 257.574 Zorro Management LLC 223,334 223,334 NES LLC 217.814 217.814 JEGE LLC 194,618 194,618 Hyperion Air LLC 147.204 147.204 Thome; World Air LLC 73.728 73,728 Nautius Inc. 53,837 53,837 Enhanced Education 13.612 37.683 51.295 Groat St Jim LLC 46,573 46,573 Maple Inc. 30.484 30.484 JEGE Inc. 26,796 26,796 Micheles Transportation Co LLC 23.907 23.907 :random AY Petroleum 22,512 22,512 _aural Inc. 20.155 20,155 .---YPress Inc. 18.825 18,825 SEE - Paris (US S) 7.027 7,027 .SJ LLC 5.150 5.150 Van Inc 4,553 4,553 :SF LLC 337 337 rho JEE Life Ins Trust #3 206 206 GO Company LLC 90 90 Total Cash 61,547,795 3,150,639 313,506 190,921 3,063,445 1,501,932 6,206,636 298,479 76,273,353 EFTA00811929  Purchase Quantity 10/31/18 11130/18 Unrealized Asset Description Symbo Date Cost Value Value Gain (Loss) FIXED INCOME Haze Trust - Fixed Income (DB) Citibank Preferred Ser K 6.875% 2/3/14 79,000 1,999,419 2,159,070 2,057,950 58,531 JP Morgan Chase 7.9% Pfd 4/30/2049 05/10/11 2,160,000 2,395,200 2,171,926 2,178,935 -216,295 JP Morgan Floating Rate Income fund 01/22/13 253,726 2.369.803 0 Total Haze Trust - Fixed Income (DB) 4,394,619 6,700,799 4,236,855 -157,764 Jeepers - Fixed Income (DB) ADM Floating Rate Income fund 02/13/13 190,068 1,775,235 - 0 Total Jeepers - Fixed Income (DB) 0 1,775,235 0 0 Gratitude America - Fixed Income (Morgan Stanley) GM Financial 6.5% fixed to 9/30/18 Floats thereafter 9/24/18 250,000 250,000 236,670 221,729 -28,271 Frontier Communications 7.125% Matures 3/15/2019 10/02/17 1,000,000 997322 1,011,604 1 013 594 16 272 Total Gratitude America -Fixed Income (Morgan Stanley) 1,247,322 1,248,274 1,235,323 41,999 Southern Trust Co. - Fixed Income (DB) 3tickeye Partners Axed to Abel 6.375% Case 1122123 1/25/18 1,000,000 1,018,741 933.111 887,687 -131,054 Total Southern Trust Co. - Fixed Income (DB) 1,018,741 933,111 887,687 -131,054 Southern Trust Co. - Fixed Income (Merrill) 3ank of America 5.88% Pfd 12-31-2049 03/08/18 1,000,000 1,000,000 977,507 967,403 -32 597 _SC Communications Inc. 8.75% 10/15/2023 01/13/17 2,650,000 2852 431 .. 0 Total Southern Trust Co. - Fixed Income (Menill) 1,000,000 3,829,937 967,403 -32,597 Southern Trust Co. - Fixed Income (Interactive Broken) :legit& One 5.55% Fixed to 9-1-2020 then 380 over 3 mo libor 5/14/15 3.000.000 3,009.819 3,039,900 3,017,250 7,432 :flatlets Schwab 8.0% Preferred $25 par 7/27/15 40,000 1,000,000 1,028,800 1,009,600 9,600 _trade Financial 5.875% fixed to 9-15-2026 then floats 10/11/16 3,000,000 3,123,122 2,981,280 2,913,240 -209,882 kliiman Sachs 5.375% Fixed to 5-10-2020 then 392.2 over 3 no libor 614/15 5,000,000 5,034,346 5,062,500 4,993,700 -40,646 4GL Energy Partners 9% $25 par 6/6/17 40,000 1,000,000 916,000 918,000 -82 000 rota) Southern Trust Co. -Fixed Income (Interactive Brokers) 13,167,287 13,028,480 12,851,790 -315,497 ≥outhem Financial LLC - Fixed Income (DB) \ssurant Fixed to Float 7% March 2048 3/29/18 2,000,000 2,039,762 2,013,222 1,954,500 -85,262 ;digroup Inc - Series O 5.95% 8/6/15 3,000,000 3,000,006 3,086,433 3,067,063 67,057 ;itizens Communications 7.125% Mar 15 2019 10/3/17 1,000,000 1,000,274 1,011,604 1,013,594 13,320 ;OPP 4.407 8/2019 Euro Bond 9/12/18 2,500,000 2,921,428 2,899,392 2,800,249 -121,179 >eutsche Bank AG 4.875% exp 12/1/2032 6/1/18 1,000,000 868,256 870,403 798,300 -69,956 )eutsche Bank AG 4.296% exp 5(24/2028 6/1/18 1,000,000 917,776 920,155 848,488 -69,290 Exelainter LLC 10% July 15 2023 10/24/17 2,000,000 1,940,506 2,138,289 2,095,000 154,494 Exelainter LLC 10% July 15 2023 7/9118 1,000,000 1,027,756 1,069,144 1,047,500 19,744 ;anent] Electric Co GTD Fixed to Float 4.0% Dec 15 2065 12/3/15 2,469,000 2,175,016 2,120,528 1,687,150 -487,866 3MAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80.000 1,882,774 2,100,800 2,040,000 157,226 BS Investments 7.25% April 3 2024 10/31/17 2,000,000 1,981,300 2,029,875 2,030,158 48,858 P Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 1,100,000 1,179,898 1,106,074 1,109,627 -70.271 P Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2,500,000 2,669,524 2,513,803 2,521,880 -147,644 PM Floating Rate Income fund 928/17 333,629 3,116,095 - 0 byds Banking Group Capital 7.5% 12/29/49 5/21/13 1,903,000 1,948,500 1,933,131 1,827,651 -120,849 buthern Cal Edison 6.25% Dec 31 2049 1/30/12 3,000,000 2.996.137 3.136,875 2.964.479 -31.658 "otal Southern Financial LLC - Fixed Income (DB) 28,548,913 32,065,822 27,805,637 443,276 -OTAL FIXED INCOME 49,376,881 59,581,658 47,984,695 -1,392,187 EQUITIES :outhem Financial LLC - Equities (DB) mazon AWN 4018 1,000 1,395.441 1.598,010 1,690,170 294,729 ,baba Group BABA 6/10/15 5,000 444,749 711,400 804,300 359,551 .pple Inc AAPL 12/7/17 314,000 53,321,627 68,722,040 56,074,120 2,752,493 pple Inc AAPL 6/20/18 50000 9.339.691 10,943,000 8,929,000 -410,691 gale Inc AAPL 10/15/18 40.000 8,760,702 8,754,400 7,143,200 -1,617,502 polio Global Management APO 3/31/11 263.157 4,999,983 7,741,079 7,418.396 2,418.413 bgen Ides Inc 8118 2114/12 2.095 250,455 637,446 699,143 448,688 entene Corp CNC 9/8/14 15.550 986,497 2,026,476 2,211,988 1,225,491 teneral Electric (exercise of puts sold at 18) GE 2/24/18 25.000 405,493 252,500 187,500 -217,993 aryopharm Therapeutics Inc KPTI 7/12/18 25,000 467,106 263,500 260,000 -207,106 intendo NTDOY 2/5/18 10,000 517.906 391,300 378,700 -139,206 bisoft Entertainment UBSFF 3/29/18 11,200 974,199 1 008 734 912.165 -62,034 brat Southern Financial LLC - Equities (DB) 81,863,849 103,049,885 88,708,682 4,844,833 EFTA00811930  Purchase Quantity 10/31/18 11/30/18 Unrealized Asset Description Symbol Date Cost Value Value Gain (Loss) Southern Financial LLC - Equities (TD) General Electric GE mulilple 125,000 2593,861 1.262.50Q 937.500 -1 656.361 Total Southern Financial LLC - Equities (TD) 2,593,861 1,262,500 937,500 4,656,361 Southem Trust Co. - Equities (Merrill) KBW Regional Bank ETF KRE 11/16/17 9,000 503,167 485,910 501,840 -1,327 Carvana CVNA 9/4/18 125,000 8,255,075 4,843,750 5.411,250 -2,843,825 Exxon Mobil XOM 10/15/18 10,000 813,881 796,800 795,000 -18,881 Facebook F8 7/26/18 20,000 3,559,596 3,035,800 2,812,200 -747,396 011-I Oil Services ETF OIH 5/16/18 17,000 490,376 349,520 307,360 -183,016 Euro Eton 50 Stec Os 327/a319 'transvalue 3538 (downsideIsrestord 73550 9/25/17 ref price 3555 2,500,000 2,420,125 2,436,850 -63,150 Japan Banks Capped NonsaxiFeb 1 2019 (75% barrier) 1/25/18 3,000,000 2,820,000 2,820,000 -180,000 vortex Linked Noe (sari put spreads and buying VIX calls) 3/8/18 3,000,000 2.999.390 3.056.796 56,796 Sx7E Market Plus Note Exp 4/26/2019472% baffler) 10/24/17 3 000 000 2.315.760 2.381.220 -618.780 Total Southern Trust Co. - Equities (Merril° 25,122,095 20,067,055 20,522,516 4,599,579 Southern Trust Co. - Equities (Interactive Brokers) Broadcom AVGO 4/17/18 4,000 1,002,093 893,960 949,640 -52.453 Broadcom AVGO 5/17/18 4,000 1,000,000 893,960 949,640 -50,360 Goldman Sachs GS 1/25/18 1,850 499,873 416,935 352,777 -147,096 General Dynamics GD 2/7/18 2,300 501,381 396,934 425,247 -76,134 General Dynamics GD 3/27/08 3,450 773,056 595,401 637,871 -135,186 General Dynamics GD 5/7/08 2,500 491,250 431,450 462,225 -29,025 Lockheed martin 1 mT 2/7/18 1,400 489,300 411,390 420,602 -68,698 Lockheed Martn MT 3/20/18 2,100 707,676 617,085 630,903 -76,773 'Lockheed Marin DKr 5/7/18 1,500 472,500 440,775 450,645 -21,855 Vorthtrop Grumman NOC 2/7/18 1,470 493,920 385,067 382,024 -111,896 Vorthtrop Grumman NOC 3/28/11 2.195 760,159 574,980 570,437 -189,722 Vorthtrop Grumman NOC 5/7/18 1.500 475,800 392,925 389,820 -85,980 DIH Oil Services ETF Ott 5/17/08 17,000 504,839 349,520 307,380 -197,479 Raytheon RTh 2/7/18 2,400 498,840 420,096 420,816 -78,024 Raytheon RTN 3/20/18 3,600 763,284 630,144 631,224 -132,060 Raytheon RTai 5/7/18 2.400 491,880 420,096 420,816 -71,064 <SW Regional Bank ETF KRE 3/26/18 20,000 1,210.847 1.079.800 1.115.200 -95.647 Total Southem Trust Co. - Equities (Interactive Brokers) 11,136,698 9,350,518 9,517,246 -1,619,452 3ratitude America, LTD - Equities (Morgan Stanley) 3eneral Electric GE 10/23/17 22,000 491,068 222,200 165,000 -326.068 rticrosoft MSFT 9/6/18 10,000 1,113.704 1.068,100 1,089,400 -24,304 :entury Link CIL 9/6/18 10,000 212,233 206,400 188,000 -24,233 Norld Acceptance Group WRLD 8/9/18 10,000 1,111,107 1 014 900 1 108 900 -207 rota! &nada America, LTD- Equities (Morgan Stanley) 2,928,112 2,511,600 2,551,300 -376,812 laze Trust - Equities (08) arvana CVNA 6/21/18 25,000 1,086,102 968,750 1,082,250 -3,852 ioogle GOOG 2/2/18 2,000 2,222,173 2 153,540 2,188,860 -33,313 300gle GOOG 12/5/17 1,000 1,014,015 1,076.770 1,094,430 80,415 lofted Technologies UTX 6/21/18 15,000 1,882.944 1,863,150 1,827,600 -55,344 faze Trust- Total Equities (DB) 6,205,234 6,062,210 6,193,140 -12,094 'Epstein VI Foundation - Equities (DB) tristol Myers Squibb Bkirr 10/30/15 3,400 227,604 171,836 181.764 -45,840 tieney MS 10/30/15 685 78.100 78.659 79,111 1,011 "eta, J Epstein ViFoundation - Equities (DB) 305,704 250,495 260,875 -44,829 -OTAL EQUITIES 130,155,552 142,554,263 126,691,259 -3,464,294 EFTA00811931  10/31/18 11/30/18 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern Financial (SFLLC) Oasis 5Onvo • 4,40erm 3oothbay Multi-Strategy Fund 46,767,736 46,237,950 -1.13% 5.99% wither...10mm 5/10/17 3oothbay Enhanced Fund 7 856 682 7 721 303 -1.72% 2.04% Enh Fes 1 XIS start Total Hedge Funds - SF LLC 54,624,418 53,959,253 2016 nitum 3.77% 2017 Mum Ism Hedge Funds - Haze 2als room of nnitot 7017 mum of ell= Elio7 nollenotIoa4 n4 <ing Street - Illiquid Special Investmen 2,248_050 2.226_536 ≥1312018 5/.388 4115 230.7103 4/27/16 5.96/.9540610 Hedge Funds - Haze 2,248,050 2,226,536 314/2010 12,on 5/16113,564 7127/16 6.107.924 P410 4131201$ 37,263 9/13 2.73$ 10/1/716 6.129,963..4d 71161201$ 435 4/1612018 374,259 10/1218.370 1127/17 3,995644 pagt1 1C/1612015 $75489 617/2013 67.976 1119 4.060 2016 return 4.68% 11/16/2018 22.933 Hedge Funds - STC In1110 lov Anon 931/16 -toneycomb 47_846,677 48$51_,457 2.10% 8.60% added *re C/27718 Total Hedge Funds - STC 47,846,677 48,851,457 Wiled &we WA'S 20161.4 0.44% (6 mot) Total Hedge Funds 104,719,145 105,037,246 2017 noum 21.0% SFL Mort Southern Grat FT Asset Description Inc. JEE Trust IGO LLC Real Estate Investments SFL <yam II (investment amount) marked to $0 in Sep 2018 0 <yara IV (investment amount) 250,000 Neoteny 3 (investment amount less 30k distribution 4/20/18) 970.000 Drytanee LLC (art partnership) 1.000,000 Jawbone Investment (prat) 1,000,000 kYH Marina (value per jee) 3,000,000 sit Seaford Avenue Capital - PB Investment - Auto Debt (total comm 2.6mm) 1.299,724 ekdfin Solutions (investment amoun ) 875,000 butterfly trust aric Partners LLC - 320 East 82nd Street (investment amount) 3,480,000 'aid Contract to Purchase 2 Kean Court Livingston, NJ I 3,000,000 .:loinbase via Grat (50% sold for $15mm Feb 2018? STC 1,500,500 Reporty via Ergo Ltd (investment amount) 1,000,000 /alar Global Fund II (amount funded vs 15mm comnittment) 14,250,000 !Value as of 9-30-2018 21.166,482 curnulalivoIRR Choi 940-208 313% /alar Global Fund III (amount funded vs 25mm cornmiument) 21,000,000 value as of 9-30-2018 33.165,591 cumulaleve 1RR that S30-2010 542% Totals 1,000,000 3,000,000 40,644,724 1,500,500 6,480,000 Total Investments 52,625,224 4 EFTA00811932  Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals 4vialion, Automobiles 8 Boats ?001 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 plan n 11 r 0 ≥008 G550 14,000,000 14,000,000 automobiles 250,000 250,000 3oats 200,000 200,000 rota) Aviation, Automobile & Boats 1,000,000 2,900,000 0 14,450,000 18,350,000 Asset Description JEE SFL JEGE Inc. FIRE Totals _oars Receivable dins Keita (mcks &row ici:kyei x•OSS 15CK) 150,000 150,000 bilark Lloyd 100,000 100,000 dick Ribis 150,000 150,000 lohnny O'Sullivan 22,446 22,446 )avid Mitchell 323,700 1,160,000 1,483,700 )sboume Lane Capital (Paul B) 1.000.000 1,000,000 \nna 20,000 303,262 323,262 larleguin Dane, LLC 7,750,000 7,750,000 :oatue Enterprises LLC 3,000,000 3,000,000 Sella Klein 100,000 100,000 .esley 300,000 300.000 )avid Rodgers 50,000 50,000 .ouella Home 133,000 133,000 )arren Indyke 475,000 475,000 Richard Kahn 475,000 475,000 .V Home & Other 1,457,000 1,457,000 3ertrude & Larry Delson 650,064 650,064 "otal Loans Receivable 2,873,210 11,200,000 950,000 2,596,262 17,619,472 Enhanced Asset Description Education JEE JEE Various Totals 'in° Arts, Antiques 8 Jewelry :elk) 175,000 175.000 'agano Diamonds 500,000 500,000 ≥73 Carrot Emerald Cut Diamcnd - insurance value 5,400,000 5,400,000 Vetches. Earring & Other 775,000 775,000 The Arts Schedule 3,050,000 3,050,000 Mal Fine Arts, Antiques & ✓ewelry 175,000 I 5,900,000 775,000 3,050,000 9,900,000 oan Payable to BJAV LLC (PLAN D LLC) (20,500,000) (20,500,000) EFTA00811933