First Heartland Consultants’s VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER USLV Stock Holding History

First Heartland Consultants’s Portfolio USLV Stock Details USLV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-1,770	Closed	-$112K	–	283
2015 Q3	$112K	Buy	1,770 +770	+77%	+$104K	0.05%	245
2015 Q2	$163	Buy	+1,000	New	+$192K	0.04%	246

Other funds holding USLV

Horizon Kinetics New York $3.06B AUM 5.37% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Zazove Associates Incline Village, Nevada $1.22B AUM 1.91% 1-Year Est. Return

FTUS

Flow Traders U.S. New York $3.16B AUM 19.52% 1-Year Est. Return

NMIS

Northwestern Mutual Investment Services Milwaukee, Wisconsin $525M AUM 2.45% 1-Year Est. Return

Creative Planning Overland Park, Kansas $147B AUM 18.73% 1-Year Est. Return

LTFS

Ladenburg Thalmann Financial Services Miami, Florida $15.9B AUM 25.16% 1-Year Est. Return

First Heartland Consultants's USLV Position: Q4 2015 in Review

First Heartland Consultants sold out of VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER (USLV) in Q4 2015, closing a stake of 1,770 shares — an estimated $112K sold.

First Heartland Consultants first reported a position in USLV in Q2 2015 and held it in 2 quarters. The position peaked at $112K in Q3 2015. 9 funds tracked by Wall St. Rank hold USLV as of Q4 2015.

First Heartland Consultants reported no remaining VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER position as of Q4 2015 after selling out during the quarter.
First Heartland Consultants sold 1,770 VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER shares in Q4 2015, an estimated $112K.
First Heartland Consultants first reported a position in VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER in Q2 2015 and held it in 2 quarters.
First Heartland Consultants's VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER position peaked at $112K in Q3 2015.
9 funds tracked by Wall St. Rank held VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER as of Q4 2015.

Based on First Heartland Consultants's 13F filing for Q4 2015, filed 5 Feb 2016.