Narwhal Capital Management’s Energy Transfer Partners, L.P. ETP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-20,000	Closed	-$573K	–	134
2015 Q3	$573K	Hold	20,000	–	–	0.21%	103
2015 Q2	$761K	Hold	20,000	–	–	0.28%	95
2015 Q1	$827K	Sell	20,000 -12,000	-38%	-$496K	0.3%	91
2014 Q4	$1.34M	Buy	32,000 +4,000	+14%	+$167K	0.52%	72
2014 Q3	$1.35M	Hold	28,000	–	–	0.54%	68
2014 Q2	$1.32M	Sell	28,000 -20,000	-42%	-$942K	0.5%	72
2014 Q1	$2.18M	Hold	48,000	–	–	0.91%	33
2013 Q4	$1.81M	Sell	48,000 -10,000	-17%	-$378K	0.75%	47
2013 Q3	$1.93M	Hold	58,000	–	–	0.92%	37
2013 Q2	$1.86M	Buy	+58,000	New	+$1.86M	0.9%	39