Deschutes Portfolio Strategy

Deschutes Portfolio Strategy as of Dec. 31, 2015

Portfolio Holdings for Deschutes Portfolio Strategy

Deschutes Portfolio Strategy holds 106 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Boulder Growth & Income Fund (STEW) 5.5 $11M 1.4M 7.74
Cohen & Steers REIT/P (RNP) 4.0 $7.9M 426k 18.44
Alpine Global Premier Properties Fund 3.9 $7.8M 1.3M 5.77
ADVENT CLAY GBL CONV SEC INC COM Bene Inter 3.7 $7.4M 1.3M 5.55
Advent Claymore Convertible Sec & Inc (AVK) 3.7 $7.4M 546k 13.52
RMR Asia Pacific Real Estate Fund 3.7 $7.4M 382k 19.28
Wstrn Asst Emrgng Mrkts Incm Fnd 3.7 $7.3M 747k 9.73
THE GDL FUND Closed-End fund (GDL) 3.6 $7.2M 724k 10.01
Western Asset Emerging Mrkts Dbt Fnd (EMD) 3.5 $6.9M 505k 13.73
Morgan Stanley Emerging Markets Domestic (EDD) 3.3 $6.6M 968k 6.80
Brookfield Global Listed 2.5 $5.0M 429k 11.75
Nuveen Global High (JGH) 2.3 $4.6M 333k 13.74
Royce Micro Capital Trust (RMT) 2.1 $4.2M 580k 7.26
Deutsche High Income Opport 2.1 $4.1M 318k 13.06
Voya Infrastructure Industrial & Materia (IDE) 2.0 $4.0M 330k 12.26
Central Securities (CET) 2.0 $4.0M 213k 19.02
Blackrock Res & Commodities Strategy Tr (BCX) 2.0 $4.0M 562k 7.11
Aberdeen Asia-Pacific Income Fund (FAX) 2.0 $3.9M 854k 4.57
Wells Fargo Adv Global Dividend Opport (EOD) 1.9 $3.8M 649k 5.92
Apple (AAPL) 1.8 $3.5M 34k 105.26
Delaware Enhanced Glbl. Div. & Inc. Fund 1.6 $3.2M 347k 9.35
LEGG MASON BW GLOBAL Income 1.5 $2.9M 254k 11.58
Western Asset Worldwide Income Fund 1.4 $2.8M 280k 10.08
Stone Hbr Emerg Mkts Tl 1.4 $2.8M 249k 11.37
Calamos Global Dynamic Income Fund (CHW) 1.4 $2.7M 382k 7.16
Dividend & Income Fund (BXSY) 1.3 $2.5M 231k 11.01
Cushing Renaissance 1.2 $2.4M 171k 14.27
Alpine Total Dyn Fd New cefs 1.2 $2.4M 315k 7.68
Macquarie Global Infr Total Rtrn Fnd 1.2 $2.4M 125k 19.05
Morgan Stanley Emerging Markets Debt (MSD) 1.1 $2.3M 264k 8.57
Sprott Focus Tr (FUND) 1.0 $2.1M 357k 5.80
Duff & Phelps Global (DPG) 1.0 $2.0M 136k 14.73
First Trust Strategic 1.0 $2.0M 178k 11.13
Eagle Grwth & Income Oppty F 1.0 $2.0M 131k 15.16
LMP Capital and Income Fund (SCD) 1.0 $1.9M 156k 12.37
Liberty All-Star Equity Fund (USA) 0.9 $1.9M 353k 5.35
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.9 $1.9M 179k 10.44
Lazard World Dividend & Income Fund 0.9 $1.9M 206k 9.11
U.S. Bancorp (USB) 0.9 $1.9M 43k 42.67
First Trust/Aberdeen Global Opportunity (FAM) 0.9 $1.8M 180k 10.13
Adams Express Company (ADX) 0.9 $1.7M 133k 12.83
Tortoise Energy equity 0.8 $1.6M 142k 11.28
Tekla World Healthcare Fd ben int (THW) 0.8 $1.6M 102k 15.83
Source Capital (SOR) 0.7 $1.4M 22k 66.28
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.7 $1.3M 78k 16.62
Nuveen Maryland Premium Income Municipal 0.6 $1.2M 93k 12.69
Tri-Continental Corporation (TY) 0.6 $1.1M 55k 20.02
General American Investors (GAM) 0.6 $1.1M 34k 31.94
Intel Corporation (INTC) 0.5 $1.0M 30k 34.45
Cushing Mlp Total Return Fd Com New cef 0.5 $1.0M 95k 10.67
Clough Global Allocation Fun (GLV) 0.5 $997k 74k 13.47
Royce Global Value Tr (RGT) 0.5 $988k 133k 7.45
Microsoft Corporation (MSFT) 0.5 $956k 17k 55.50
Morgan Stanley China A Share Fund (CAF) 0.4 $878k 44k 19.91
Alpine Global Dynamic 0.4 $839k 95k 8.85
Nuveen Michigan Qlity Incom Municipal 0.4 $804k 59k 13.70
Wells Fargo Adv Multi-Sector Inco Fund (ERC) 0.4 $771k 68k 11.31
Bancroft Fund (BCV) 0.4 $757k 42k 18.19
Nuveen Nj Div Advantage Mun (NXJ) 0.4 $728k 54k 13.49
Allianzgi Equity & Conv In 0.3 $704k 39k 17.96
General Electric Company 0.3 $636k 20k 31.14
Aberdeen Global Income Fund (FCO) 0.3 $538k 70k 7.69
Nuveen Global Value Opportunities Fund 0.3 $515k 47k 10.91
BlackRock Debt Strategies Fund 0.2 $488k 145k 3.37
First Tr High Income L/s (FSD) 0.2 $491k 35k 14.07
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.2 $474k 60k 7.85
Virtus Total Return Fund Cef 0.2 $460k 121k 3.81
Nuveen Nasdaq 100 Dynamic Over (QQQX) 0.2 $437k 23k 19.35
Enterprise Products Partners (EPD) 0.2 $423k 17k 25.56
Chevron Corporation (CVX) 0.2 $403k 4.5k 89.98
Calamos Convertible & Hi Income Fund (CHY) 0.2 $399k 38k 10.51
BP (BP) 0.2 $364k 12k 31.24
Ford Motor Company (F) 0.2 $352k 25k 14.08
General Dynamics Corporation (GD) 0.2 $359k 2.6k 137.55
Lazard Global Total Return & Income Fund (LGI) 0.2 $348k 27k 13.10
Berkshire Hathaway (BRK.B) 0.2 $329k 2.5k 131.97
Johnson & Johnson (JNJ) 0.2 $335k 3.3k 102.86
Northrop Grumman Corporation (NOC) 0.2 $334k 1.8k 189.02
3M Company (MMM) 0.2 $313k 2.1k 150.48
Amazon (AMZN) 0.2 $327k 484.00 675.62
Ares Dynamic Cr Allocation (ARDC) 0.2 $311k 23k 13.38
Exxon Mobil Corporation (XOM) 0.1 $305k 3.9k 77.95
Lockheed Martin Corporation (LMT) 0.1 $301k 1.4k 217.17
Templeton Emerging Markets Income Fund (TEI) 0.1 $307k 31k 9.97
First Tr/aberdeen Emerg Opt 0.1 $290k 22k 13.06
Wal-Mart Stores (WMT) 0.1 $265k 4.3k 61.34
Altria (MO) 0.1 $251k 4.3k 58.16
Cushing Energy Income 0.1 $267k 32k 8.41
iShares S&P 500 Index (IVV) 0.1 $247k 1.2k 204.98
Medifast (MED) 0.1 $246k 8.1k 30.33
Magellan Midstream Partners 0.1 $242k 3.6k 67.92
Nuveen North Carol Premium Incom Mun 0.1 $237k 18k 13.09
Reynolds American 0.1 $216k 4.7k 46.21
Invesco Van Kampen High Inc Trust II (VLT) 0.1 $211k 16k 12.87
Nuveen PA Investnt Quality Municipal (NQP) 0.1 $210k 15k 13.73
Western Asset Glbl Partners Incm Fnd 0.1 $226k 29k 7.73
Starbucks Corporation (SBUX) 0.1 $203k 3.4k 60.02
Franklin Templeton (FTF) 0.1 $114k 11k 10.75
Cbre Clarion Global Real Estat re (IGR) 0.1 $113k 15k 7.65
Western Asst High Incm Opprtnty Fnd (HIO) 0.1 $103k 22k 4.70
Credit Suisse AM Inc Fund (CIK) 0.1 $90k 33k 2.77
Energy Fuels (UUUU) 0.1 $99k 34k 2.94
MFS Municipal Income Trust (MFM) 0.0 $70k 10k 6.80
Pengrowth Energy Corp 0.0 $21k 29k 0.73
Galena Biopharma 0.0 $25k 17k 1.47
Whiting Usa Trust 0.0 $11k 15k 0.71