Horizon Kinetics’s VanEck Vectors Pre-Refunded Municipal Index ETF PRB Stock Holding History

Horizon Kinetics’s Portfolio PRB Stock Details PRB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-11,394	Closed	-$280K	–	547
2014 Q1	$280K	Sell	11,394 -4,671	-29%	-$115K	﹤0.01%	468
2013 Q4	$393K	Sell	16,065 -1,419	-8%	-$35K	0.01%	442
2013 Q3	$430K	Sell	17,484 -5,800	-25%	-$142K	0.01%	323
2013 Q2	$563K	Buy	+23,284	New	+$584K	0.01%	308

Other funds holding PRB

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

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

UBS Zurich, Switzerland $136B AUM 16.36% 1-Year Est. Return

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

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

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

RCAG

Rehmann Capital Advisory Group Lansing, Michigan $1.92B AUM 16.97% 1-Year Est. Return

BCM

Bluefin Capital Management New York $156M AUM 18.47% 1-Year Est. Return

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

UCFA

United Capital Financial Advisors Irving, Texas $16.3B AUM 16.34% 1-Year Est. Return

Horizon Kinetics's PRB Position: Q2 2014 in Review

Horizon Kinetics sold out of VanEck Vectors Pre-Refunded Municipal Index ETF (PRB) in Q2 2014, closing a stake of 11,394 shares — an estimated $280K sold.

Horizon Kinetics first reported a position in PRB in Q2 2013 and held it in 4 quarters. The position peaked at $563K in Q2 2013. 20 funds tracked by Wall St. Rank hold PRB as of Q2 2014.

Horizon Kinetics reported no remaining VanEck Vectors Pre-Refunded Municipal Index ETF position as of Q2 2014 after selling out during the quarter.
Horizon Kinetics sold 11,394 VanEck Vectors Pre-Refunded Municipal Index ETF shares in Q2 2014, an estimated $280K.
Horizon Kinetics first reported a position in VanEck Vectors Pre-Refunded Municipal Index ETF in Q2 2013 and held it in 4 quarters.
Horizon Kinetics's VanEck Vectors Pre-Refunded Municipal Index ETF position peaked at $563K in Q2 2013.
20 funds tracked by Wall St. Rank held VanEck Vectors Pre-Refunded Municipal Index ETF as of Q2 2014.

Based on Horizon Kinetics's 13F filing for Q2 2014, filed 14 Aug 2014.