Fore Research & Management’s iShares Silver Trust SLV Stock Holding History

Fore Research & Management’s Portfolio SLV Stock Details SLV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	$14.6M	Buy	+930,000	New	+$15.1M	6.61%	4
2017 Q1	–	Sell	-2,700,000	Closed	-$40.8M	–	41
2016 Q4	$40.8M	Sell	2,700,000 -420,000	-13%	-$6.83M	5.63%	5
2016 Q3	$56.8M	Buy	3,120,000 +2,120,000	+212%	+$39.5M	4.11%	5
2016 Q2	$17.9M	Hold	1,000,000	–	–	1.03%	5
2016 Q1	$14.7M	Buy	1,000,000 +400,000	+67%	+$5.68M	0.37%	14
2015 Q4	$7.91M	Hold	600,000	–	–	0.27%	12
2015 Q3	$8.32M	Sell	600,000 -860,000	-59%	-$12.3M	0.35%	15
2015 Q2	$21.9M	Buy	1,460,000 +440,000	+43%	+$6.9M	0.64%	16
2015 Q1	$16.2M	Sell	1,020,000 -6,336,500	-86%	-$101M	0.59%	15
2014 Q4	$111M	Buy	7,356,500 +2,000,000	+37%	+$31.6M	6%	7
2014 Q3	$87.6M	Hold	5,356,500	–	–	2.58%	12
2014 Q2	$108M	Buy	5,356,500 +555,500	+12%	+$10.5M	3.1%	11
2014 Q1	$91.4M	Buy	+4,801,000	New	+$94.4M	2.98%	8

Other funds holding SLV

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

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

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

GLI

Guardian Life Insurance New York $199K AUM

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

JIR

James Investment Research Alpha, Ohio $891M AUM 30.4% 1-Year Est. Return

Fore Research & Management's SLV Position: Q4 2016 in Review

Fore Research & Management sold out of iShares Silver Trust (SLV) in Q4 2016, closing a stake of 332,000 shares — an estimated $5.4M sold.

Fore Research & Management first reported a position in SLV in Q3 2014 and held it in 3 quarters. The position peaked at $9.32M in Q2 2015. 364 funds tracked by Wall St. Rank hold SLV as of Q4 2016.

Fore Research & Management reported no remaining iShares Silver Trust position as of Q4 2016 after selling out during the quarter.
Fore Research & Management sold 332,000 iShares Silver Trust shares in Q4 2016, an estimated $5.4M.
Fore Research & Management first reported a position in iShares Silver Trust in Q3 2014 and held it in 3 quarters.
Fore Research & Management's iShares Silver Trust position peaked at $9.32M in Q2 2015.
364 funds tracked by Wall St. Rank held iShares Silver Trust as of Q4 2016.

Based on Fore Research & Management's 13F filing for Q4 2016, filed 14 Feb 2017.