Loudon Investment Management’s ProShares Trust UltraShort Lehman 20+ Year Treasury TBT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-13,600	Closed	-$214K	–	77
2020 Q3	$214K	Hold	13,600	–	–	0.18%	72
2020 Q2	$216K	Hold	13,600	–	–	0.19%	74
2020 Q1	$219K	Hold	13,600	–	–	0.23%	72
2019 Q4	$361K	Hold	13,600	–	–	0.28%	71
2019 Q3	$331K	Hold	13,600	–	–	0.28%	72
2019 Q2	$394K	Hold	13,600	–	–	0.33%	67
2019 Q1	$439K	Hold	13,600	–	–	0.39%	61
2018 Q4	$478K	Hold	13,600	–	–	0.45%	61
2018 Q3	$521K	Hold	13,600	–	–	0.42%	62
2018 Q2	$489K	Buy	13,600 +5,300	+64%	+$191K	0.39%	62
2018 Q1	$301K	Hold	8,300	–	–	0.24%	71
2017 Q4	$280K	Hold	8,300	–	–	0.21%	76
2017 Q3	$295K	Hold	8,300	–	–	0.23%	74
2017 Q2	$298K	Hold	8,300	–	–	0.23%	74
2017 Q1	$325K	Hold	8,300	–	–	0.25%	72
2016 Q4	$339K	Hold	8,300	–	–	0.26%	61
2016 Q3	$262K	Hold	8,300	–	–	0.2%	71
2016 Q2	$263K	Hold	8,300	–	–	0.21%	69
2016 Q1	$306K	Sell	8,300 -422	-5%	-$15.6K	0.25%	63
2015 Q4	$384K	Hold	8,722	–	–	0.31%	56
2015 Q3	$378K	Hold	8,722	–	–	0.32%	52
2015 Q2	$434K	Hold	8,722	–	–	0.33%	56
2015 Q1	$365K	Buy	8,722 +2,100	+32%	+$87.9K	0.28%	63
2014 Q4	$307K	Buy	6,622 +360	+6%	+$16.7K	0.23%	64
2014 Q3	$353K	Hold	6,262	–	–	0.25%	65
2014 Q2	$380K	Hold	6,262	–	–	0.26%	67
2014 Q1	$423K	Buy	6,262 +1,400	+29%	+$94.6K	0.31%	64
2013 Q4	$385K	Buy	+4,862	New	+$385K	0.28%	63