Hollencrest Capital Management’s MORGAN STANLEY DEP SHARES EACH REPRESENTING 1/1,000TH OF SHARE OF FIXED TO FLOATING RATE SER E MS.PRE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-19,300	Closed	-$513K	–	452
2014 Q1	$513K	Buy	19,300 +5,000	+35%	+$133K	0.08%	168
2013 Q4	$374K	Buy	+14,300	New	+$374K	0.06%	202