Trellus Management Company’s iShares Silver Trust SLV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-20,856	Closed	-$397K	–	131
2014 Q1	$397K	Buy	+20,856	New	+$397K	0.35%	66
2013 Q3	–	Sell	-27,500	Closed	-$522K	–	117
2013 Q2	$522K	Buy	+27,500	New	+$522K	0.66%	52