Sandler Capital Management’s United States Natural Gas Fund UNG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-80,306	Closed	-$23.5M	–	197
2013 Q3	$23.5M	Buy	+80,306	New	+$23.5M	0.74%	30