Otter Creek Management’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-20,000	Closed	-$233K	–	45
2015 Q2	$233K	Sell	20,000 -20,000	-50%	-$233K	0.21%	40
2015 Q1	$477K	Sell	40,000 -70,000	-64%	-$835K	0.43%	35
2014 Q4	$1.27M	Buy	+110,000	New	+$1.27M	0.58%	37