EFTA00811490.pdf

Valuation Report 4/30/2017 EFTA00811490  SUMMARY OF ASSETS - APRIL 30, 2017 3/31/17 4/30/17 $ Asset Value Value Change Cash 110,396,021 121,833,887 11,437,866 Fixed Income 75,106,683 75,508,486 401,803 Equities 83,337,233 84,663,760 1,326,526 Equity ETF's 3,037,200 3,064,200 27,000 Options 574,280 226,206 (348,074) Hedge Funds 72,702,058 71,500,131 (1,201,927) Investments 47,006,000 52,506,000 5,500,000 Aviation, Automobiles & Boats 26,600,000 26,600,000 - Loans Receivable 9,632,446 9,632,446 - Fine Arts, Antiques & Jewelry 17,400,000 9,400,000 -8,000,000 Total Assets 445,791,921 454,935,115 9,143,194 Cash Activity - Items over 50,000 Leon loan via BJAV to Plan D LLC 8,000,000 STC Fee - Leon 8,000,000 King Street Audit Holdback - Haze 2,137,874 Dividends, Interest Income & Other Distributions - per brokerage stmts 396,000 King Street - Sale from Special Fund - Haze 169,229 DIS - sold 1000 shares Enhanced DB 114,120 Enhanced - Education Advance (50,000) New Mexico RE Taxes (55,770) Gratitude - Univerity of Arizona / Science of Consciousness (100,000) Miscellaneous (100,087) ING - bought 25000 shares - STC ML (373,500) Monthly Spending (1,200,000) Valar III Capital Call 4 (2,500,000) Valar III Capital Call 5 (3,000,000) Total Cash Activity - Items over 50 000 11,437,866 EFTA00811491  Deutsche First Banco Pop Wells Morgan ID Asset Description Bank Bank BNP Paribas Fargo Stanley Merrill Parttrade Totals Cash Southern Trust Company Inc. 35,509.685 715,889 300,000 713,630 14,096,741 51,335,925 Southern Financial LLC 29,263.589 51,682 29.315.271 Haze Trust 25,494,432 25,494,432 Gratitude America, Ltd. 1.142608 78,918 2,935,739 4.155265 JEE 4,152,209 711 057 456,765 5320,031 Jeepers Inc. 1.472,438 8,876 t481,314 LSJE LLC 345,807 542,943 249,255 1,138,005 JEGE Inc. 983,188 963,188 Southern Country International LTD 455,022 455,022 Maple Inc. 354,415 354,415 JEGE LLC 299,961 299.961 Zaro Ommlopment Corp I Management LLC 269.845 269,845 Neptune LLC 250.390 250.390 Plan D LLC 247,335 247,335 NES LLC 179.047 179,047 Enhanced Education 23,075 117,126 140,201 Hyperion Air LLC 100.592 100.592 Thomas World Air LLC 76,077 76.077 JEE - Pads (US S) 67,608 67.606 Cypress Inc. 48,036 48.036 Nautilus Inc. 42,859 42,859 FT Real Estate 42.299 42.299 Freedom Air Petroleum 23,112 23,112 Michelles Transportation Co LLC 13,573 13,573 Great St Jim LLC 8,877 8,877 LSJ LLC 5,150 5,150 Laurel Inc. 4,220 4,220 FSF LLC 937 937 IGO Company LLC 690 690 The JEE Life Ins Trust #3 206 206 Mort Inc 3 3 Butterfly Trust 3 3 Total Cash 99,714,414 3,248,056 824,371 249,255 3,649,369 14,096,741 51,682 121,833,887 EFTA00811492  Purchase Quantity 3/31/17 4/30/17 Unrealized Asset Description Date Cost Value Value Gain (Loss) Haze Trust - Fixed Income (DB) JP Morgan Chase 7.9% Pfd 4/30/2049 05/10/11 3,000 000 3,337,958 3,207,500 3,135,000 -202,958 1paymont Inc 10.25% 5/15/2018 10/02/12 500,000 485,566 454,361 523.490 37,924 JPM Tr Fit Rate Income Fund 01122(13 238.788.480 2,392,852 2,249,429 2,256.551 -136,301 Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739 1,269,955 1,260,638 79,899 Citibank Preferred Ser C 5.8% 10/29/14 150,967.00 3,670,430 3,910,045 3,881.361 210,931 Citibank Preferred Ser K 6.875% 2/3/14 79,000.00 1 999 419 2 238.070 2.326 550 327.131 Total Haze Trust- Fixed Income (DB) 13,066,965 13,329,360 13,383,690 316,625 Jeepers - Fixed Income (DB) JPM Trust FLT RT Income fund 02/13/13 178,878.055 1.789.537 iaig,g§a j.anai§ 2i,ia Total Jeepers - FixedIncome (DB) 1,789,537 1,685,062 1,690,398 -99,139 Gratitude America - FixedIncome (Morgan Stanley) Western Digital Corp 7.375% Matures 4-1-2023 06/09/16 2,000,000 ?.083.319 2.266.250 2.201.882 na.a%3 Total Gratitude America - Fixed Income (Morgan Stanley) 2,083.319 2.266,250 2,201,812 118,663 Southern Trust Co. - FixedIncome (DB) Nationwide Society 6.875% GBP callable 6/20/2019 4/15114 2,000,000 3.439.193 2.573 558 2 736.380 -702.813 Total Southern Trust Co. - FiredIncome (DB) 3,439,193 2,573,558 2,736,380 -702,813 Southern Trust Co. - FixedIncome (Monti!) Allergen mandatory convert/Me weltered 5.5%31112018 08/15/16 1,000.000 881,500 848,430 866,780 -15,720 LSCCOM 8.75% 10/15/2023 01/13/17 26,250.000 2,859,332 2,839,457 2,74gg -112,901 Frontier Communications 10.5%9/152022 11/9/16 4.000.000 4,160,000 4.050,000 4,0 -140,000 Kindred Healthcare 7.25% 1/15/2020 STC ML 10/13/16 3,000 000 3 125 750 3,099 417 3,128 ( 2 07 :1 42 417 lava mandatory converUble proffered 7.0%12/1512016 08/15/16 1,00400 '001'153 5771014 -330knia Total Southern Trust Co. - FixedIncome (Merrill) 11,928,332 11,414,303 11,371,378 -556,954 Southern Trust Ca - FixedIncome (Morgan Stanley) Charles Schwab 6.0% Preferred $25 par 7/27/15 40,000 1,000,000 1,067,200 1,096,000 96,000 Seaspan 7.875% Preferred $25 par 08/04/16 8.000 200,000 170,800 172,640 -27,360 Wells Fargo 5.7% Preferred $25 par 1/19/16 120.000 3,000,000 3,020,400 3,062.800 52.800 Ebay 6% Preferred $25 par matures 2-1-2056 2/22/16 80,000 2,000,000 2,115,200 2,120,800 120,800 Etrade Financial 5.875% fixed to 9-15-2026 then floats 8/16/16 500,000 500,000 516,833 522.750 22,750 Etrade Financial 5.875% fixed to 9-15-2026 then floats 10/11/16 2,500,000 2,623,122 2,581,000 2,610.781 -12,341 Royal Bans Scotland 7.64% Fixed to 9-29-2017 then 3M Libor *232bp 11/10/15 5,000,000 5,298,817 4,672,500 4.700.083 -598,734 Goldman Sachs 5.375% Fixed to 5-10.2020 then 392.2 over 3 ny fiber 6/4/15 5,000,000 5,034,346 5,217,760 5310,560 276 314 Capkal One 5.55% Fixed to 9.1-2020 then 380 over 3 motor 5/14/15 3.000.000 3.009.819 3.168.000 3.188.913 thi.0.911 Total Southern Trust Co. - FixedIncome (Morgan Stanley) 22,666,104 22,529,693 22,776,427 109,322 Southern Financial LLC - FixedIncome (DB) Bank of America 8.125% Pfd Dec 29 2049 1(10/11 2,000,000 2 055,000 2,146,389 2,169,479 114,479 Bardays Bank PLC 7.75% 4/10/2023 4/3/13 300,000 300,000 325,819 315,974 15,974 Ciligroup Inc - Series 05.95% 8/6/15 3,000,000 3,000,006 3,150,309 3,191,988 191,982 General Bectric Co GTD Fixed to Float 4.0% Dec 15 2065 12(3/15 2,469,000 2,175,016 2,454,872 2,478259 303,243 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2,500.000 2,687,500 2,672,917 2,612,500 -75,000 JP Morgan Chase 8 Co Pfd 7.9% Apri 30 2049 6/15(11 2,500,000 2,675,000 2,672,917 2,612,500 -62,500 LBO Capital 7.5% 12/29/49 5/21/13 1.903.000 1,948,500 2,014,199 2.063.566 115.066 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3,000,000 2,995,764 3,331,250 3 387,604 391,840 GMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80.000 1.812.774 2034.400 236 8110 154 026 Total Southern Financial LLC - FixedIncome (DB) 19,719,660 20,803,072 20,868,669 1,149,109 Southern Financial LLC - FixedIncome (DB) Biwa/0 Washington Mutual Mtg 2004-RA2 d CBI var 7/26/2033 11/19/13 568.995 924.312 505.385 480783 45.373 Total Southern Financial LLC - FiredIncome (DB) 435,387 505,385 480,763 45,376 TOTAL FIXED INCOME 76,128,397 76,106,683 76,608,488 380,089 Note - Accrued interest has been IncludedIn month end fixed Income values EFTA00811493  Purchase Quantity 3/31/17 4/30/17 Unrealized Asset Description Data Cost Value Value Gain (Loss) Southern Financial LW - Equities (DB) Akom Inc. 8/10/15 5,000 234,206 120,400 187,250 436.956 Alibaba Group 6/10/15 5,000 444,749 539,150 577,500 132751 Allianz SE ADR 4/13/15 6000 90,056 92,650 95.045 4989 Apple Inc 9/5/14 64,000 6,33Z800 9,194,240 9,193,600 2,860,800 Apple Inc 1/11/16 250,000 24,750,008 35,915,000 35,912,500 11,162,494 Apollo Global Management 3/31/11 263,157 4,999,983 6,399,978 7,044,713 2,044,730 Ascena Retail Group Inc. (Formerly Dress Barn 1.3.11) 1/16/01 70,500 1,500,000 300,330 275.655 -1,224,345 Avalanche Blotechnologles now called Adverum Blotedinologles 4/20/15 10,000 398,606 27,000 28,500 -370,106 BASF ADR 4/13/15 5,000 508,056 495,875 486.430 -21,626 Bank of New York Mellon 6/25/14 250.000 9,078,406 11,807,500 11,765.000 2,688,594 Biogen Wee Inc 2/14/12 2.095 250,455 572,815 568.185 317,730 Bloveratiy Inc 2/1/17 1,047 20,254 57,020 61,574 41,320 Centene Corp 918/14 15 986,497 108 093 1 156,920 170,423 Dish Network Corp 6/10/15 5.600 550 384,978 1 '317:450 322.200 -42,778 Facebook Inc 5/17/12 17,500 665,000 2,485,875 2,629,375 1,964,375 Foundation Medicine Inc 1/16/14 49,830 1,265,037 1,607,018 1,798.965 533,928 General Motors Co 12/9/10 97,525 3,585,947 3,448,484 3,378,266 -207,681 General Electric Co 4/23/13 23,000 496,109 685,400 666,777 170,668 Gilead Sciences Inc 2/5/14 5,000 396,407 339,600 342,750 -53,657 Gilead Sciences Inc 3/7/14 3,100 248,797 210,552 212,505 -34,292 Glaxo Smith Kline PLC 6/10/15 5,000 215,006 210,800 204 500 -10,506 Global Partner Acquisition Corp 7/3&15 2,000 20,000 19,600 19,700 -300 GoDaddy Inc. 4/1/15 700 14,000 26.530 27,244 13,244 Match 11/19/15 200 2 400 3266 , 3,726 1,326 Mobileye NV Amstelyeen Ord Shares 8/1/14 800 20',000 49,120 49,536 29,538 Square 11/19/15 200 1,800 3 456 3,648 1,848 Sangamo Biosciences Inc 5/28/13 50,000 422,214 2661,000 240.000 -lam Santander Consumer USA 1/28/14 1,000 24,000 13,320 12,740 -11,260 Terraform Global 7/31/15 400 6,000 1,920 1,900 _ -4 _.100 Twitter Inc 11/7/13 1,500 39,000 22,426 24.720 -14,280 Viacom Inc 6/10/15 5,000 338,745 233,100 212,800 -125,945 Volkswagen AG 4113/15 5,000 254,306 149,950 160.800 -93,506 VVisdombee Investments Inc 3/31(15 15000 - Total Southern Financial LLC - Equities (DB) 58,293,977 76,854,117 77,770,274 19,476,297 Southern Trust Co. - Equities (Morgan Stanley) Barclays PLC ADR 7/18/16 100,000 805,096 1,124,000 1,081.000 275,904 Credit Suisse Group 7/18/16 100,000 1,137,626 1,484,000 1,526.000 388 374 ZTO Express 10/27/16 3,500 68.259 45.815. 48755 -19,495 Total Southern Trust Co. - Equities (Morgan Stank ) 2,010,972 2,663,816 2,655,755 644,783 Southern Trust Co. • Equities (Merrill) ING 4/4/17 25,000 373.54 - 407 000 33,500 Total Southern Trust Co. - Equities (Merrill) 373,600 0 407,000 33,500 Gratitude America, LTD - Equities (Morqa Colony Capital->Colony Northslar Inc. 9/26/16 73,315 928,837 946,497 958,227 29,391 Sequential Brands 9/23/16 50.000 402,134 194,500 168,500 -233.634 ZTO Express 10/27/16 1,150 22,425 15,054 16,020 -6,406 Bank of America 3/2/16 7,500 100,825 176,295 175,050 74.225 Editas Medicine 3/2/16 3,200 102,199 71,424 60.320 41,879 Tencent Holdings 7/18/16 50,000 lfz i jilat_1-441.492 1/¢2,22Q 403.738 Total Gratitude America, LTD- Equities (Morgan Stanley) 2,72fl82 2,846,769 2,945,617 225,434 J Epstein VI Foundation - Equities (DS) Bristol Myers Squkb 10/30(15 5,000 334,712 271,900 280,250 -54,462 Disney 10/30/15 456,040 566,950 462.400 6,360 Pfizer Inc 10/30Al5 1 00 145.028 jjlEa lgZag -2 N2a Total J Epstein VIFoundation - Equities (DB) 935,780 982,532 885,114 -50,666 TOTAL EQUITIES 64,334,411 83,337,233 84,663,760 20,329,348 Southern Financial LLC - Equity E s (DB) Wisdomtree Japan Hedged Equity 12/16/13 60 000 2556.555 5.55Zill2 LO59.255 ift-Utl Total Southern Financial LLC - Equity ETPS (DB) 2,966,099 3,037,200 3,064,200 98,101 Southern Trust Co. - Options (MerrillLynch) AAPL May 19 2017 150 Cans 3/29/17 2.500 502,500 432,576 184,686 -317,814 ILI • al h eshotall Imo See WO nenis assm • TAPmaims knedi ito 12(9/16 604,174 250.008 14U0k 4131k -208,481, Total Southern Trust Co. - Options (Merrill Lynch) notional 752,500 574,E80 226,206 -526,294 EFTA00811494  3/31/17 4130/17 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern Financia ISFLLC) Mild 10mm sins Boothbay Multi-Strategy Fund 44 990 912 45 217 785 0.50% 2.98% added Sem 3/31/16 Total Hedge Funds - SF LLC 44,990,912 45,217,785 wihd,w lomm til0f17 total Invest:madOforn 2016 Mum 3.77% Hedge Funds - Haze King Street 5.753.576 3.446.473 0.00% 0.00% 2011/17 paid to Oat': Hedge Funds - Haze 5,753,576 3,446,473 4/27/16 $.967,43400 7/27/16 6.102,324 paid 2017. april Mum 10127116 6.18001 P•11 of capital of 1f27/17 3.994,644 paid 2.307,103 2016 rotas 4.60% Hedge Funds-STC Honeycomb 21 957 570 22 835 873 4.00% 13.60% added 2Dmm 931116 Total Hedge Funds - STC 21,957,570 22,835,873 2016 mum 0.4a% Total Hedge Funds 72,702,058 71,500,131 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 (grat at cost) 11,250,000 AYH Marina (value per jee) 3,000.000 sic Adfin Solutions (investment amount) 875,000 buttwfly 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 STC 3,001,000 Reporty via Ergo Ltd (investment amount) 1,000,000 Valor Global Fund II (investment amount - 16mm committment) 13,650,000 Valor 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 I Total Investments 52,506,000 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles a Boats 2001 Bell 430 N331JE 2,500,000 2,500,000 1988 Gulfstream G-IV N212JE 6,500,000 6,500,000 1988 Boeing 727 N908JE 250,000 Plan D LLC 250,000 2008 G550 15,750,000 15,750,000 Automobiles 900,000 900.000 Boats 700,000 700,000 Total Aviation, Automobile & Boats 2,500,000 6,500,000 250,000 17,350,000 26,600,000 EFTA00811495  Asset Description JEE SFL STC FIRE Totals Oficeivable 100,000 100,000 Mark Lloyd 100,000 100,000 Karyna 350,000 350,000 Nick Ribis 75,000 75,000 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 3,750,000 3,750,000 Coatue Enterprises LLC 1,000,000 1,000,000 Lesley 200,000 200,000 Cecile 50,000 50,000 Louella Home 133,000 133,000 LV Home & Other 1,300,000 1,300,000 525.000 525,000 Total Loans Receivable 2,697,446 4,950,000 50,000 1,935,000 9,632,446 Enhanced Asset Description Education JEE JEE Various Totals Fine Arts, Antiques 8 Jewelry haze trust Giacometti 25,000,000 25,000,000 Braque 5,000,000 5,000,000 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 Cwrot 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 8, Jewelry 175,000 5,900,000 775,000 33,050,000 9,400,000 EFTA00811496