Permanens Capital’s UBS E-TRACS Alerian MLP Infrastructure ETN MLPI Stock Holding History

Permanens Capital’s Portfolio MLPI Stock Details MLPI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-10,776	Closed	-$259K	–	24
2018 Q3	$259K	Hold	10,776	–	–	0.09%	11
2018 Q2	$247K	Sell	10,776 -4,600	-30%	-$104K	0.09%	12
2018 Q1	$325K	Sell	15,376 -14,394	-48%	-$344K	0.13%	17
2017 Q4	$720K	Sell	29,770 -71,481	-71%	-$1.7M	0.27%	11
2017 Q3	$2.54M	Buy	101,251 +10,213	+11%	+$260K	0.92%	10
2017 Q2	$2.43M	Buy	91,038 +26,494	+41%	+$725K	0.87%	10
2017 Q1	$1.88M	Buy	64,544 +491	+0.8%	+$14.4K	0.7%	10
2016 Q4	$1.82M	Buy	+64,053	New	+$1.75M	0.77%	10
2016 Q2	–	Sell	-21,893	Closed	-$527K	–	13
2016 Q1	$527K	Sell	21,893 -380,550	-95%	-$8.42M	0.27%	9
2015 Q4	$10.5M	Buy	402,443 +377,908	+1,540%	+$10.2M	4.43%	6
2015 Q3	$664K	Buy	+24,535	New	+$783K	0.41%	6
2015 Q1	–	Sell	-22,737	Closed	-$923K	–	14
2014 Q4	$923K	Sell	22,737 -76,466	-77%	-$3.24M	0.95%	5
2014 Q3	$4.54M	Sell	99,203 -66,500	-40%	-$2.96M	6.43%	5
2014 Q2	$7.39M	Buy	+165,703	New	+$6.93M	8.36%	5
2014 Q1	–	Sell	-282,000	Closed	-$11.1M	–	11
2013 Q4	$11.1M	Buy	+282,000	New	+$10.9M	10.28%	4

Other funds holding MLPI

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

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Fifth Third Bancorp Cincinnati, Ohio $54.7B AUM 26.51% 1-Year Est. Return

Aspiriant LLC Los Angeles, California $3.51B AUM 13.98% 1-Year Est. Return

SignatureFD Atlanta, Georgia $6.53B AUM 20.48% 1-Year Est. Return

Diversified Trust Memphis, Tennessee $6.24B AUM 28.78% 1-Year Est. Return

CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return

CBU

CIBC Bank USA Chicago, Illinois $756M AUM 24.68% 1-Year Est. Return

BJL

Brighton Jones LLC Seattle, Washington $2.37B AUM 16.36% 1-Year Est. Return

Ballentine Partners Waltham, Massachusetts $8.18B AUM 27.59% 1-Year Est. Return

Permanens Capital's MLPI Position: Q4 2018 in Review

Permanens Capital sold out of UBS E-TRACS Alerian MLP Infrastructure ETN (MLPI) in Q4 2018, closing a stake of 10,776 shares — an estimated $259K sold.

Permanens Capital first reported a position in MLPI in Q4 2013 and held it in 15 quarters. The position peaked at $11.1M in Q4 2013. 98 funds tracked by Wall St. Rank hold MLPI as of Q4 2018.

Permanens Capital reported no remaining UBS E-TRACS Alerian MLP Infrastructure ETN position as of Q4 2018 after selling out during the quarter.
Permanens Capital sold 10,776 UBS E-TRACS Alerian MLP Infrastructure ETN shares in Q4 2018, an estimated $259K.
Permanens Capital first reported a position in UBS E-TRACS Alerian MLP Infrastructure ETN in Q4 2013 and held it in 15 quarters.
Permanens Capital's UBS E-TRACS Alerian MLP Infrastructure ETN position peaked at $11.1M in Q4 2013.
98 funds tracked by Wall St. Rank held UBS E-TRACS Alerian MLP Infrastructure ETN as of Q4 2018.

Based on Permanens Capital's 13F filing for Q4 2018, filed 12 Feb 2019.