Deschutes Portfolio Strategy

Deschutes Portfolio Strategy as of Dec. 31, 2016

Portfolio Holdings for Deschutes Portfolio Strategy

Deschutes Portfolio Strategy holds 98 positions in its portfolio as reported in the December 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Boulder Growth & Income Fund (STEW) 6.8 $13M 1.4M 8.94
RMR Asia Pacific Real Estate Fund 4.2 $7.7M 376k 20.46
Alpine Global Premier Properties Fund 4.0 $7.4M 1.4M 5.13
Central Securities (CET) 3.4 $6.2M 287k 21.79
THE GDL FUND Closed-End fund (GDL) 3.2 $6.0M 606k 9.84
Liberty All-Star Equity Fund (USA) 3.2 $5.9M 1.2M 5.16
Adams Express Company (ADX) 3.1 $5.7M 448k 12.71
General American Investors (GAM) 3.0 $5.6M 180k 31.18
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 3.0 $5.6M 629k 8.95
Royce Value Trust (RVT) 3.0 $5.6M 416k 13.39
Alpine Total Dyn Fd New cefs 2.9 $5.4M 716k 7.58
Petroleum & Res Corp Com cef (PEO) 2.9 $5.4M 269k 20.17
Cbre Clarion Global Real Estat re (IGR) 2.7 $4.9M 676k 7.30
Blackrock Res & Commodities Strategy Tr (BCX) 2.6 $4.8M 583k 8.27
Dividend & Income Fund (BXSY) 2.4 $4.4M 371k 11.85
Royce Global Value Tr (RGT) 2.3 $4.3M 530k 8.04
Tri-Continental Corporation (TY) 2.3 $4.2M 192k 22.05
China Fund (CHN) 1.9 $3.6M 239k 15.05
Templeton Dragon Fund (TDF) 1.8 $3.4M 206k 16.38
Diversified Real Asset Inc F 1.7 $3.1M 201k 15.59
Clearbridge Amern Energ M 1.6 $3.0M 327k 9.18
Aberdeen Gtr China 1.6 $3.0M 342k 8.69
Eagle Grwth & Income Oppty F 1.6 $2.9M 177k 16.22
Source Capital (SOR) 1.5 $2.8M 77k 35.94
Aberdeen Chile Fund (AEF) 1.4 $2.7M 449k 5.96
Royce Micro Capital Trust (RMT) 1.3 $2.4M 300k 8.16
Cushing Mlp Total Return Fd Com New cef 1.3 $2.3M 172k 13.59
Deutsche High Income Opport 1.2 $2.3M 159k 14.41
Singapore Fund 1.2 $2.2M 260k 8.66
U.S. Bancorp (USB) 1.2 $2.2M 43k 51.36
Central Europe and Russia Fund (CEE) 1.2 $2.2M 108k 20.57
Morgan Stanley China A Share Fund (CAF) 1.2 $2.2M 129k 16.99
Delaware Enhanced Glbl. Div. & Inc. Fund 1.1 $2.0M 198k 10.11
Gabelli mutual funds - (GGZ) 1.1 $1.9M 182k 10.60
Japan Equity Fund ietf (JEQ) 1.0 $1.9M 258k 7.36
Turkish Investment Fund 0.9 $1.7M 253k 6.78
Asia Pacific Fund 0.9 $1.7M 175k 9.72
Aberdeen Indonesia Fund 0.9 $1.6M 257k 6.36
Cohen & Steers Mlp Fund 0.8 $1.5M 142k 10.89
Thai Fund 0.8 $1.5M 196k 7.60
First Tr/aberdeen Emerg Opt 0.8 $1.5M 107k 13.89
Japan Smaller Capitalizaion Fund (JOF) 0.8 $1.4M 147k 9.73
First Tr Dynamic Europe Eqt 0.7 $1.3M 81k 15.52
Neuberger Berman Mlp Income (NML) 0.7 $1.2M 131k 9.39
BlackRock Global Opportunities Equity Tr (BOE) 0.6 $1.1M 95k 11.57
Intel Corporation (INTC) 0.6 $1.0M 28k 36.25
Clearbridge Energy M 0.5 $973k 76k 12.78
Microsoft Corporation (MSFT) 0.5 $921k 15k 62.14
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.5 $863k 51k 16.79
Brookfield Real Assets Incom shs ben int (RA) 0.5 $835k 37k 22.31
Aberdn Emring Mkts Telecomtions 0.4 $816k 73k 11.25
Apple (AAPL) 0.4 $782k 6.8k 115.75
Taiwan Fund (TWN) 0.4 $773k 48k 16.10
Franklin Universal Trust (FT) 0.4 $708k 106k 6.68
Aberdeen Israel Fund 0.3 $654k 41k 16.07
Templeton Global Income Fund (SABA) 0.3 $629k 97k 6.48
Nike (NKE) 0.3 $602k 12k 50.82
General Dynamics Corporation (GD) 0.3 $476k 2.8k 172.78
Northrop Grumman Corporation (NOC) 0.2 $463k 2.0k 232.43
Wells Fargo Adv Global Dividend Opport (EOD) 0.2 $454k 83k 5.45
Kayne Anderson Mdstm Energy 0.2 $461k 29k 15.92
LMP Capital and Income Fund (SCD) 0.2 $442k 33k 13.30
Kayne Anderson Energy Total Return Fund 0.2 $444k 38k 11.81
Morgan Stanley India Investment Fund (IIF) 0.2 $430k 17k 25.62
Templeton Emerging Markets (EMF) 0.2 $429k 36k 12.10
Chevron Corporation (CVX) 0.2 $410k 3.5k 117.82
Lockheed Martin Corporation (LMT) 0.2 $396k 1.6k 249.68
Morgan Stanley Emerging Markets Fund 0.2 $389k 30k 13.19
General Electric Company 0.2 $376k 12k 31.58
3M Company (MMM) 0.2 $371k 2.1k 178.37
Berkshire Hathaway (BRK.B) 0.2 $360k 2.2k 162.90
Amazon (AMZN) 0.2 $352k 470.00 748.94
Morgan Stanley Asia Pacific Fund 0.2 $355k 26k 13.50
Altria (MO) 0.2 $341k 5.0k 67.66
Enterprise Products Partners (EPD) 0.2 $313k 12k 27.07
BP (BP) 0.2 $292k 7.8k 37.44
Wal-Mart Stores (WMT) 0.2 $299k 4.3k 69.21
Weyerhaeuser Company (WY) 0.2 $290k 9.6k 30.08
Macquarie Global Infr Total Rtrn Fnd 0.2 $296k 15k 19.73
Schwab Strategic Tr 0 (SCHP) 0.2 $300k 5.5k 54.87
Alpine Global Dynamic 0.2 $289k 33k 8.78
iShares S&P 500 Index (IVV) 0.1 $271k 1.2k 224.90
Ford Motor Company (F) 0.1 $279k 23k 12.13
Magellan Midstream Partners 0.1 $272k 3.6k 75.74
Orbcomm 0.1 $286k 35k 8.28
Vanguard Health Care ETF (VHT) 0.1 $280k 2.2k 126.70
Wave Life Sciences (WVE) 0.1 $270k 10k 26.13
India Fund (IFN) 0.1 $259k 12k 21.40
Reynolds American 0.1 $262k 4.7k 56.05
Hawaiian Holdings (HA) 0.1 $231k 4.0k 57.11
Maxim Integrated Products 0.1 $202k 5.2k 38.60
Philip Morris International (PM) 0.1 $201k 2.2k 91.36
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $165k 30k 5.50
Nuveen Div. Advantage Muni. Fund (NAD) 0.1 $147k 11k 13.97
Morgan Stanley Emerging Markets Domestic (EDD) 0.1 $124k 17k 7.17
Achillion Pharmaceuticals 0.1 $93k 22k 4.15
Liberty All-Star Growth Fund (ASG) 0.0 $54k 13k 4.19
Energy Fuels (UUUU) 0.0 $45k 28k 1.62