Pinnacle Associates’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
2014 Q3	–	Sell	-3,420	Closed	-$208K	–	634
2014 Q2	$208K	Buy	+3,420	New	+$208K	﹤0.01%	568
2014 Q1	–	Sell	-2,820	Closed	-$223K	–	617
2013 Q4	$223K	Buy	2,820 +140	+5%	+$11.1K	﹤0.01%	552
2013 Q3	$202K	Buy	+2,680	New	+$202K	﹤0.01%	543