Cutler Capital Management’s ProShares Short 7-10 Year Treasury TBX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-13,000	Closed	-$413K	–	87
2014 Q2	$413K	Hold	13,000	–	–	0.16%	69
2014 Q1	$425K	Buy	13,000 +6,000	+86%	+$196K	0.16%	74
2013 Q4	$237K	Buy	+7,000	New	+$237K	0.09%	88