Portola Group’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Portola Group’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
2015 Q2	$1.82M	Sell	156,150 -15,700	-9%	-$188K	2.41%	5
2015 Q1	$2.05M	Sell	171,850 -14,000	-8%	-$172K	2.54%	5
2014 Q4	$2.15M	Sell	185,850 -7,300	-4%	-$86.6K	2.41%	5
2014 Q3	$2.38M	Sell	193,150 -5,400	-3%	-$74.2K	2.38%	7
2014 Q2	$2.89M	Sell	198,550 -1,500	-0.7%	-$20.7K	2.39%	8
2014 Q1	$2.75M	Sell	200,050 -71,662	-26%	-$1.02M	2.54%	6
2013 Q4	$3.6M	Sell	271,712 -34,250	-11%	-$481K	2.32%	7
2013 Q3	$4.5M	Sell	305,962 -2,350	-0.8%	-$35K	2.73%	6
2013 Q2	$4.19M	Buy	+308,312	New	+$5.02M	2.78%	11

Other funds holding CEF

SAC

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

Allianz Asset Management Munich, Germany $112B AUM 36.28% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Parallax Volatility Advisers San Francisco, California $58.9B AUM 51.73% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

Capstone Investment Advisors New York $54B AUM 23.5% 1-Year Est. Return

Canada Life Winnipeg, Manitoba, Canada $62.7B AUM 37.65% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

PAMP

Polar Asset Management Partners Toronto, Ontario, Canada $6.07B AUM 34.81% 1-Year Est. Return

Portola Group's CEF Position: Q2 2015 in Review

Portola Group reduced its Sprott Physical Gold and Silver Trust (CEF) stake by 9.1% in Q2 2015, selling an estimated $188K and leaving 156,150 shares worth $1.82M. The position accounts for 2.41% of the portfolio, ranked #5.

Portola Group first reported a position in CEF in Q2 2013 and has held it in 9 quarters since. The position peaked at $4.5M in Q3 2013. 183 funds tracked by Wall St. Rank hold CEF as of Q2 2015.

Portola Group held 156,150 shares of Sprott Physical Gold and Silver Trust worth $1.82M as of Q2 2015.
Portola Group sold 15,700 Sprott Physical Gold and Silver Trust shares in Q2 2015, an estimated $188K.
Sprott Physical Gold and Silver Trust made up 2.41% of Portola Group's portfolio in Q2 2015, its #5 holding.
Portola Group first reported a position in Sprott Physical Gold and Silver Trust in Q2 2013 and has held it in 9 quarters since.
Portola Group's Sprott Physical Gold and Silver Trust position peaked at $4.5M in Q3 2013.
183 funds tracked by Wall St. Rank held Sprott Physical Gold and Silver Trust as of Q2 2015.

Based on Portola Group's 13F filing for Q2 2015, filed 17 Jul 2015.