Alpine Global Management’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-1,075,000	Closed	-$15.2M	–	416
2019 Q3	$15.2M	Buy	1,075,000 +173,358	+19%	+$2.46M	3.9%	7
2019 Q2	$11.9M	Buy	901,642 +151,642	+20%	+$1.89M	3.46%	5
2019 Q1	$9.3M	Sell	750,000 -597,100	-44%	-$7.62M	2.69%	7
2018 Q4	$16.9M	Buy	1,347,100 +147,100	+12%	+$1.75M	4.29%	4
2018 Q3	$14M	Buy	1,200,000 +6,004	+0.5%	+$71.9K	2.68%	10
2018 Q2	$15M	Sell	1,193,996 -128,300	-10%	-$1.7M	7.28%	3
2018 Q1	$17.5M	Buy	1,322,296 +103,896	+9%	+$1.39M	4.11%	7
2017 Q4	$16.3M	Buy	1,218,400 +1,206,938	+10,530%	+$15.9M	3.71%	7
2017 Q3	$145K	Buy	+11,462	New	+$145K	0.04%	182
2017 Q2	–	Sell	-10,882	Closed	-$140K	–	164
2017 Q1	$140K	Hold	10,882	–	–	0.04%	282
2016 Q4	$123K	Sell	10,882 -150,192	-93%	-$1.88M	0.06%	148
2016 Q3	$2.23M	Sell	161,074 -28,400	-15%	-$401K	0.64%	23
2016 Q2	$2.63M	Sell	189,474 -755,834	-80%	-$9.73M	1.21%	24
2016 Q1	$11.3M	Sell	945,308 -2,700	-0.3%	-$30.8K	2.59%	7
2015 Q4	$9.47M	Buy	948,008 +276,000	+41%	+$2.93M	3.04%	5
2015 Q3	$7.12M	Buy	672,008 +209,616	+45%	+$2.27M	2.1%	12
2015 Q2	$5.39M	Hold	462,392	–	–	0.91%	20
2015 Q1	$5.52M	Sell	462,392 -636,834	-58%	-$7.84M	1.79%	9
2014 Q4	$12.7M	Buy	1,099,226 +939,687	+589%	+$11.1M	2.27%	4
2014 Q3	$1.96M	Buy	159,539 +115,736	+264%	+$1.59M	1.47%	22
2014 Q2	$637K	Hold	43,803	–	–	0.18%	66
2014 Q1	$603K	Hold	43,803	–	–	0.52%	42
2013 Q4	$580K	Buy	+43,803	New	+$616K	0.94%	30