Orinda Asset Management’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Orinda Asset Management’s Portfolio CEF Stock Details CEF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-17,634	Closed	-$217K	–	120
2014 Q3	$217K	Sell	17,634 -2,444	-12%	-$33.6K	0.36%	45
2014 Q2	$292K	Sell	20,078 -52,759	-72%	-$729K	0.56%	37
2014 Q1	$1M	Sell	72,837 -25,785	-26%	-$366K	2.15%	14
2013 Q4	$1.31M	Buy	98,622 +35,777	+57%	+$503K	2.93%	8
2013 Q3	$924K	Sell	62,845 -4,718	-7%	-$70.3K	2.9%	4
2013 Q2	$919K	Buy	+67,563	New	+$1.1M	3.01%	9

Other funds holding CEF

SAC

Smith Affiliated Capital New York $86.5B AUM 5.91% 1-Year Est. Return

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

ACM

Americafirst Capital Management Roseville, California $74M AUM 13.49% 1-Year Est. Return

Parallax Volatility Advisers San Francisco, California $38.6B AUM 45.89% 1-Year Est. Return

Allianz Asset Management Munich, Germany $95.4B AUM 38.74% 1-Year Est. Return

Capstone Investment Advisors New York $57.4B AUM 26.91% 1-Year Est. Return

PAMP

Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.27% 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

AGM

Alpine Global Management New York $668M AUM 20.22% 1-Year Est. Return

Orinda Asset Management's CEF Position: Q4 2014 in Review

Orinda Asset Management sold out of Sprott Physical Gold and Silver Trust (CEF) in Q4 2014, closing a stake of 17,634 shares — an estimated $217K sold.

Orinda Asset Management first reported a position in CEF in Q2 2013 and held it in 6 quarters. The position peaked at $1.31M in Q4 2013. 188 funds tracked by Wall St. Rank hold CEF as of Q4 2014.

Orinda Asset Management reported no remaining Sprott Physical Gold and Silver Trust position as of Q4 2014 after selling out during the quarter.
Orinda Asset Management sold 17,634 Sprott Physical Gold and Silver Trust shares in Q4 2014, an estimated $217K.
Orinda Asset Management first reported a position in Sprott Physical Gold and Silver Trust in Q2 2013 and held it in 6 quarters.
Orinda Asset Management's Sprott Physical Gold and Silver Trust position peaked at $1.31M in Q4 2013.
188 funds tracked by Wall St. Rank held Sprott Physical Gold and Silver Trust as of Q4 2014.

Based on Orinda Asset Management's 13F filing for Q4 2014, filed 2 Feb 2015.