EFTA00811479.pdf

Valuation Report 3/31/2017 EFTA00811479  SUMMARY OF ASSETS - MARCH 31, 2017 2/28/17 3/31/17 $ Asset Value Value Change Cash 89,672,522 110,396,021 20,723,499 Fixed Income 75,939,447 75,106,683 (832,764) Equities 94,128,808 83,337,233 (10,791,575) Equity ETF's 3,042,600 3,037,200 (5,400) Options 288,875 574,280 285,405 Hedge Funds 71,554,949 72,697,525 1,142,576 Investments 47,006,000 47,006,000 - Aviation, Automobiles & Boats 11,850,000 26,600,000 14,750,000 Loans Receivable 9,482,446 9,632,446 150,000 Fine Arts, Antiques & Jewelry 39 900 000 17.400,000 -22,500,000 Total Assets 442,865,647 445,787,388 2,921,741 Cash Activity - Items over 50.000 Leon loan 22,500,000 Apple - sold 100,000 shares @ 143 55 - ML 14,351,000 Dividends, Interest Income & Other Distributions - per brokerage stmts 721,036 Earthlink Inc 8.875% bond redemption 358,789 Larry Visoski Loan (50,000) Enhanced - Hasty Pudding 50k /ASU 25k (75,000) Gratitude - Pe 25k / Noam 20k / Krasner 5k / Crohn Colitis 10k / Cuba 25k / MS Walk (90,000) loan (100,000) Miscellaneous (323,963) Apple - Bought 2,500 May 150 calls ML (502,500) Monthly Spending (1,300,000) G 550 closing (14,765,863) Total Cash Activity - Items over 50,000 20,723,499 EFTA00811480  Deutsche First Banco Pop Wells Morgan TO Asset Description Bank Bank BNP Paribas Fargo Stanley Merrill Panorniscle Totals Cash Southern Financial LLC 2%200,046 51,682 29,251,728 Haze Trust 23,102,730 23,102.730 Plan D LLC 22,819,561 22.819,561 Southern Trust Company Inc. 6,205,167 118 053 300,000 701,044 14,351,900 21.674,164 Gratitude America, Ltd. 1,242,337 76,966 2,843,528 4.162.831 JEE 2.809,938 701,062 456,765 3.967.765 jaspers Inc. 1,481,642 72 1,481,714 LSJE LLC 362.067 354,036 294,634 1.010,737 JEGE Inc. 963.188 963,188 Southern Country International LTD 455,512 455,512 Sono Development Corp/Management LLC 324,025 324.025 JEGE LLC 308,895 308.895 NES LLC 297,909 297,909 Hyperion Air LLC 101.625 101,625 Enhanced Education 9.013 81,780 90.793 Neptune LLC 82,697 82,697 Thomas World Air Ile 80.826 80,826 JEE - Paris (US S) 69,145 69,145 Nautilus Inc. 42,859 42,859 FT Real Estate 42,299 42,299 Freedom Air Petroleum 23,112 23.112 Michelins Transponation Co LLC 13,573 13.573 Great St Jim LLC 8,877 8,877 LSJ LLC 5,150 5,150 Maple Inc. 4 440 4,440 Laurel Inc. ‘2?) 4,220 Cypress Inc. 3.807 3 807 FSF LLC 937 ISM IGO Company LLC 690 690 The JEE Life Ins Trust a3 206 206 Mort Inc 3 3 Butterfly Trust 3 3 Total Cash 89,311,052 2,016,271 825,910 294,634 3,544,572 14,351,900 51,682 110,396,021 1 EFTA00811481  Purchase Quantity 2128117 3/31/17 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 3.197,683 3,207.500 -130,458 Ipaymem Inc 10.25% 5/15/2018 10/02/12 500,000 485986 441,483 454,361 -31,205 JPM Tr Fit Rate Income Fund 01/22/13 238,034.829 2,385,730 2,250,009 2,249,429 -136,301 Citibank Preferred Ser C 5.8% 10/28/14 4%033.00 1,180,739 1.253.283 1,289.955 89,218 Citibank Preferred Ser C 5.8% 10/29/14 150,967.00 3670430 , 3,858 717 3,910.045 239 615 Citibank Preferred Ser K 6.875% 2/3/14 70,000.00 1.999.419 2.267:302. 2.238 070 238..651 Total Haze Trust - FixedIncome (DB) 13,059,843 13,268,476 13,329,380 269,517 Jeepers - Fixed Income (DB) JPM Trust FLT RT Income fund 02/13/13 178,313.490 1.784.202 1 685,497 1 RAS 062 9914Q Total Jeepers - FixedIncome (DB) 1,784,202 1,685,497 1,685,062 -99,140 Gratitude America - FixedIncome (Morgan Stanley) Western Digital Corp 7.375% Matures 41-2023 06/09/16 2,000,000 2 084.067 2 255 229 2.2(*25() B 2sa2. Total Gratitude America - Fixed Income (Morgan Stanley) 2,084,067 2,266,229 2,286,260 182,183 Southern Trust Ca - FixedIncome (DB) Nationwide Society 6.875% GBP callable 6/20/2019 4/15/14 2,000,000 mama 9 592.21Q 2 573.558 Mal Total Southern Trust Co. - Fixed income (DB) 3,439,193 2,592,219 2,673,658 -865,6343 Southern Trust Co. - FixedIncome (Merrill) Mogan mandatory convertible proffered 5.5%3/1/2018 08/15/16 1,000,000 881,500 871,530 848.430 -33,070 LSCCOM 8.75% 10/15/2023 01/13/17 26,250.000 2,859,332 2,859,884 2,839.457 -19,875 Frontier Communications 10.5% 9/15/2022 11/9/16 4,000,000 4,180000 4,158,720 4,050000 -110,000 Kindred Healthcare 7.25% 1/15/2020 STC ML 10/13/16 3,000,000 3,125,750 3.060,667 3,099.417 -26,333 Teva mandatory convertible proffered 7.0% 12/15/2018 08/15/16 1,000,000 901.750 649 875 577.000 -324.7w Total Southern Trust Co. - Fixed Income (Merrill) 11,928,332 11,600,676 11,414,303 -514,028 Southern Trust Co. - FixedIncome (Morgan Stanley) Charles Schwab 6.0% Preferred $25 par 7/27/15 40,000 1,000,000 1,051,600 1,067,200 67,200 Seaspan 7.875% Preferred $25 par 08/04/16 8.000 200,000 160,560 170500 -29,200 Wells Fargo 5.7% Preferred $25 par 1/19/16 120000 3.000,000 3,009,600 3,020,400 20 400 Ebay 6% Preferred $25 par matures 2.1.2056 2/2216 80.000 2,000,000 2,064,000 2,115,200 115,300 Etrade Financial 5.875% fixed to 9-15-2026 then floats 8/16/16 500,000 500,000 533,264 516,833 16,833 Etrade Fnancial 5.875% fixed to 9-15-2026 then floats 10/11/16 2,500,000 2,623,122 2,638,350 2,581.000 -42,122 Royal Bars Second 7.64% Fixed to 9-29-2017 then 3M Wm •232163 11/10/15 5,000,000 5,298,817 4,907,044 4,672,500 -628,317 Goldman Sachs 5.375% Flied to 5-162020 then 392.2 over 3 mo Tibor 6/4/15 5.000,000 5,034,346 5,243,125 . 5,217.760 183,414 Capital One 5.55% Fixed to 9.1.2020 then 380 over 3 ma libor 5/14/15 3,000,000 3.00991t 3145.238 3.168600 158.18? Total Southern Trust Co. -Fixed Income (Morgan Stanley) 22,666,104 22,752,781 22,529,693 -136,411 Southern Financial LLC - FixedIncome (DB) Bank of America 8.125% Pfd Dec 29 2049 1/10/11 2,000,000 2,055,000 2,141,493 Z146,389 91,389 Barclays Bank PLC 7.75% 4/10/2023 4/3/13 300,000 300,000 330,750 325,819 25,819 Cifigroup Inc - Series 0 5.95% 8/8/15 3,000 000 3,000,006 3,141,416 3,150,309 150,303 Earthlink Inc 8.875% Ntay 15 2019 10/23/12 351..000 361,349 redeemed General Electric Co GTD Fixed to Fleet 4.0% Dee 15 2065 12/3/15 2,469,000 2,175,016 2,478,681 2,454.872 279,856 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2,500,000 2,687,500 2,664,736 2.672,917 -14,583 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2,500,000 2,675,000 2.664,736 2,672.917 -2,083 LBG Capital 7.5% 12/29/49 5121/13 1,903,000 1,948,500 2,043.857 2,014,199 65,699 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3,000.000 2,995,764 3,329,813 3,331,250 335,486 GMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80.000 1882.774 2.057 600 2.034 400 151,621 Total Southern Financial LLC • Fixed Income (DB) 19,719,560 21,212,430 2%803,072 1 083 612 Southern Financial LLC - FixedIncome (DB) (ace value Washington Mutual Mtg 2004-RA2 ci CBI var 7/25/2033 11/19/13 595,372 455 57Q 572.14Q SOS "iftS,_ 49.815 Total Southern Financial LLC • FixedIncome (DE) 455,570 672.140 605,385 49,815 TOTAL FIXED INCOME 75,136,870 75,939,447 75,106,683 -30,187 Note - Accrued interest has been included in month end fixed income values EFTA00811482  Purchase Quantity 2/28/17 3131117 Unrealized Asset Description Date Cost Value Value Gain (Loss) , Southern Financial LW - Equities (DB) Akom Inc. 6/10/15 5.000 234,206 104glir 120,400 -113,806 Alibaba Group 6/10/15 5 000 444,749 514 500 539150 94 401 Allianz SE ADR 4/13/15 -Ow 90,056 87,050 92.650 1:594 Apple Inc 10/28/13 14,000 1,917860 *slow 0 Apple Inc 915114 86,000 11,781,140 sits. a 0 Apple Inc 9/5/14 64,000 6,332,800 8,767,360 9,194,240 2,861,440 Apple Inc 1/11/16 250,000 24,750,006 34,247,500 35,915.000 11,164,994 Apollo Global Management 3/31/11 263,157 4,999,983 5,984,190 6,399,978 1,399,995 Ascena Retail Group Inc. (Formerly Dress Barn 1.3.11) 1/16/01 70 500 1,500,000 324,300 300.330 -1,199,670 Avalanche Blotechnologles now called Adverum 6lotechnologies 4/20/15 1(000 398,606 28,500 27.000 -371,806 BASF ADR 4/13/15 __,__5 000 508,056 465950 495,875 -12,181 Bank of New York Mellon 6/25/14 2t6,000 9,076,406 11,785;000 11,807.500 2,731,094 Biogen Idec Inc 2/14/12 2,095 250,455 604,617 572.815 322,360 Bioverativ Inc 2/1/17 1,047 20,254 54,528 57020 36,766 Centene Corp 9/8/14 15,550 986,497 1,096,275 1,108,093 121596 Dish Network Corp 6/10/15 5.000 364,978 310,000 317.450 47,528 Facebook Inc 5/17/12 17,500 665,000 2,371,950 2,485,875 1,820,875 Foundation Medicine Inc 1/16/14 49,830 1,265,037 1,235,784 1,607,018 341,981 General Motors Co 12/9110 97,525 3,585,947 3,592,821 3,448,484 -137,463 General Electric Co 4/23/13 23,000 496,109 685,630 685,400 189,291 Gilead Sciences Inc 215/14 5,000 396,407 352,400 339.800 -56,807 Gilead Sciences Inc 3/7/14 3,100 246,797 218,488 210,552 -36,245 Glaxo Smith Kline PLC 6/10/15 5,000 215,006 207,400 210,600 -4,206 Global Partner Acquisition Corp 7/30/15 2,000 20,000 20,400 19,600 400 GoDaddy Inc. 4/1/15 700 14,000 25,795 26.530 12,530 Match 11/19/15 200 2,400 3,232 3266 866 Mobileye NVAmstelveen OW Shares ' 8/1/14 800 20,000 36,416 49,120 29,120 Square 11/19/15 200 1,800 3 464 3,456 1,658 Sangamo Biosciences Inc 5128113 50,000 422,214 227:500 260,000 -162,214 Santander Consumer USA 1/28/14 1,000 24,000 14,780 13,320 -10,680 Terraform Global 7/31/15 400 6,000 1740 1,920 4,080 Twitter Inc 11/7/13 1,500 39,000 23,855 22,425 -16,575 Viacom Inc 6/10/15 5,000 338,745 217,250 233100 -105,645 Volkswagen AG 4/13/15 8000 254,306 151,750 149.950 -104,356 Wisdon*ee investments Inc 3/31/15 15000 atam salst u§.2232 Ilaila • Total Southern Financial LLC - Equities (DB) 58,293,977 87,597,925 76,854,117 18,560,140 Southern Trust Co. - Equities (Morgan Stanley) Barclays PLC ADR 7/18/16 100000 805,098 1,119,000 1,124,000 318,904 Credit Suisse Group 7/18/16 10O00 1,137,626 1,509,000 1,484.000 346,374 270 Express 1W27/16 3,500 fano 45.11§ 45115 -22,435 Total Southern Trust Co. - Equities (Morgan Stanley) 2,010,972 2,673,116 2,663,816 642,843 Gratitude America, LTD • Equities Morgan Sterile Colony Capital->Colony NatWest' Ina 9/28/16 73,315 928,837 1.076,264 946.497 17,860 Sequential Brands 9/23/16 50,000 402,134 196,500 194,500 -207,634 ITO Express 10/27/18 1,150 22,425 14824 15.054 -7,372 Bank of America 3/2/16 7 500 100,825 185,100 176,295 75,470 Editas Medicine 3/2/16 i ,, 2oo 102,199 79,776 71,424 -30,775 Tenant li& 8/1 50,000 I gal iaa J,W Total Gratitude America, LTD - Equities (Morgan Stanley) 2,720,182 2,880,464 2,846,769 126,687 J Epstein W Foundation - Equities (DB) Bristol Myers Squfifis 10/30/15 5,000 334,712 283,550 271,900 42,812 Disney 10/30/15 5,000 570,073 550.450 566.950 4,123 Pfizer Inc 10/30/15 4.200 145,028 143.304 143682 -1 34 Total J Epstein Ill Foundation - Equities (DB) 1,049,812 977,304 982,532 47,280 TOTAL EQUITIES 64,074,944 94,128,808 83,337,233 19,262,289 Southern Financial LLC - Equity ETFs (DB) Wisdomtree Japan Hedged Equity 12/16/13 60.000 2,966.099 3044600 =ion am Total Southern Financial LLC - Equity ETF'S (DB) 2,966,099 3,042,600 3,037,200 71,101 Southern Trust Co. - Options (MerrillLynch) AAPL May 19 2017 150 Cans 3/29/17 2.500 502,500 0 432,576 -69,924 TLF•mommiall smell My usenta ltenSISOI•Itillewaliew Sawmills 12/9/18 604,174 2N,SOR 288 874 141 704 11911,2,% Total Southern Trust Co. - Options (Merrill Lynch) notional 762,600 288,875 574,280 -178,220 EFTA00811483  2/28/17 3/31/17 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds - Southern FinancialfSFLLC) added 10mm WM 6 Boothbay Multi-Strategy Fund ill 44 395 269 44.981.287 1.32%- 2.45% added Starn 3/31216 Total Hedge Funds - SF LLC 44,395,269 44,981.287 *thane Ulaim 1110117 total Invettmawd 40mat 2016 return 3.77% Hedge Funds - Haze King Street 5153.57Q 5.753.576 0.00% 0.00% 2016/17 paid to data Hedge Funds - Haze 5,753,576 5,753,576 tame 0267.054 PIM 7127/16 6,102,1124 paid 10/27116 1.186.1101 pak 1/27t17 3694,644 paid 2016 ream 4.611% Hedge Funds - STC Honeycomb 21.408,104 21 962 663 2.60% 9.30% added 20mm III31/16 Total Hedge Funds - STC 1,4106,104 21,962,663 2016 ..em 044% Total Hedge Funds 71,554,949 72,697,525 SFI. Mort Southern FT Asset Description Inc. JEE Trust IGO LLC Real Estate Investments SFL Kyara I (repaid 100 cost + 201k profi ) 0 Kyara II (investment amount) II 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 sit Adfin Solutions (investment amount 875,000 buttidly oust Park Partners LLC - 320 East 82nd Street (investment amount) 3,480,000 Paid Contract to Purchase 2 Kean Court Uvingston, NJ 3.000,000 Coinbase I STC 3.001,000 Reporty via Ergo Ltd (investment amount) 1,000,000 Velar Global Fund II (investment amount) 13,650,000 Velar Global Fund III (investment amount) 5,250,000 Totals 11,250,000 3,000,000 23,275,000 3,001,000 6,480,000 Total Investments 47,006,000 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE 2,500,000 2,500,000 1988 Gulfsheam G-IV N212JE 6,500,000 6,500,000 1968 Boeing 727 N908JE 250,000 also 0 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 EFTA00811484  • Asset Description JEE SFL SIC FIRE Totals Loans Receivable 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 & Jewelry Nast bust Giacometti 25,000,000 25,000,000 Braque 5,000,000 5,000,000 Leon Loan Payable -22,500,000 -22,500,000 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 8 Jewelry 175,000 5,900,000 775,000 10,550,000 17,400,000 EFTA00811485