Deschutes Portfolio Strategy

Deschutes Portfolio Strategy as of March 31, 2017

Portfolio Holdings for Deschutes Portfolio Strategy

Deschutes Portfolio Strategy holds 107 positions in its portfolio as reported in the March 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Boulder Growth & Income Fund (STEW) 6.9 $13M 1.4M 9.30
RMR Asia Pacific Real Estate Fund 4.0 $7.5M 355k 21.00
Adams Express Company (ADX) 3.6 $6.7M 491k 13.75
Petroleum & Res Corp Com cef (PEO) 3.6 $6.7M 345k 19.42
Central Securities (CET) 3.6 $6.6M 275k 23.97
Liberty All-Star Equity Fund (USA) 3.2 $6.0M 1.1M 5.46
Source Capital (SOR) 3.1 $5.8M 155k 37.56
General American Investors (GAM) 3.1 $5.7M 171k 33.51
THE GDL FUND Closed-End fund (GDL) 3.0 $5.6M 569k 9.84
Morgan Stanley China A Share Fund (CAF) 2.9 $5.4M 281k 19.22
Morgan Stanley Emerging Markets Fund 2.6 $4.8M 322k 14.75
Tri-Continental Corporation (TY) 2.3 $4.3M 188k 23.12
Royce Global Value Tr (RGT) 2.3 $4.3M 493k 8.79
Dividend & Income Fund (BXSY) 2.3 $4.3M 358k 12.06
Alpine Global Premier Properties Fund 2.3 $4.2M 734k 5.72
China Fund (CHN) 2.2 $4.1M 249k 16.61
Thai Fund 2.1 $3.9M 450k 8.57
Aberdeen Gtr China 1.9 $3.4M 328k 10.47
Eagle Grwth & Income Oppty F 1.8 $3.3M 198k 16.95
Cushing Mlp Total Return Fd Com New cef 1.7 $3.2M 230k 13.96
Central Europe and Russia Fund (CEE) 1.7 $3.2M 151k 20.93
Cbre Clarion Global Real Estat re (IGR) 1.7 $3.2M 423k 7.47
Aberdeen Chile Fund (AEF) 1.7 $3.1M 443k 6.98
Templeton Dragon Fund (TDF) 1.6 $3.1M 163k 18.79
Aberdn Emring Mkts Telecomtions 1.6 $3.0M 230k 13.04
Nuveen Nj Div Advantage Mun (NXJ) 1.3 $2.4M 184k 13.29
Deutsche High Income Opport 1.2 $2.2M 152k 14.65
Turkish Investment Fund 1.2 $2.2M 262k 8.31
Asia Pacific Fund 1.2 $2.2M 178k 12.23
Aberdeen Israel Fund 1.2 $2.2M 123k 17.53
Gabelli mutual funds - (GGZ) 1.1 $2.1M 182k 11.39
Blackrock Res & Commodities Strategy Tr (BCX) 1.1 $2.1M 241k 8.60
U.S. Bancorp (USB) 1.0 $1.9M 37k 51.50
Duff & Phelps Global (DPG) 1.0 $1.8M 110k 16.26
Royce Value Trust (RVT) 0.9 $1.7M 124k 14.00
Invesco Van Kampen Penn Vl MI Trust (VPV) 0.9 $1.7M 142k 12.17
Virtus Total Return Fund Cef 0.9 $1.7M 383k 4.37
Alpine Total Dyn Fd New cefs 0.9 $1.6M 193k 8.26
Eaton Vance Nj Muni Income T sh ben int 0.8 $1.5M 129k 12.00
Japan Smaller Capitalizaion Fund (JOF) 0.8 $1.5M 137k 10.84
Aberdeen Indonesia Fund 0.8 $1.4M 195k 7.20
Japan Equity Fund ietf (JEQ) 0.7 $1.3M 162k 7.96
Asa (ASA) 0.7 $1.2M 100k 12.06
Templeton Global Income Fund (SABA) 0.6 $1.2M 173k 6.65
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.6 $1.1M 62k 18.57
Intel Corporation (INTC) 0.6 $1.0M 28k 36.08
Taiwan Fund (TWN) 0.6 $1.0M 56k 18.23
Apple (AAPL) 0.5 $1.0M 7.0k 143.69
Royce Micro Capital Trust (RMT) 0.5 $998k 119k 8.39
Nuveen North Carol Premium Incom Mun 0.5 $985k 76k 12.96
Microsoft Corporation (MSFT) 0.5 $969k 15k 65.86
Franklin Universal Trust (FT) 0.5 $848k 121k 6.99
Mexico Equity and Income Fund (MXE) 0.4 $754k 70k 10.85
Neuberger Berman Mlp Income (NML) 0.4 $767k 76k 10.13
Nuveen Michigan Qlity Incom Municipal 0.4 $732k 55k 13.32
Nike (NKE) 0.4 $688k 12k 55.71
First Tr/aberdeen Emerg Opt 0.4 $683k 45k 15.26
Eaton Vance N J Mun Bd 0.4 $684k 55k 12.53
Nuveen Conn Prem Income Mun sh ben int 0.3 $645k 53k 12.29
Powershares S&p 500 0.3 $594k 15k 40.50
Eaton Vance Mich Mun Bd 0.3 $556k 41k 13.44
General Dynamics Corporation (GD) 0.3 $516k 2.8k 187.23
Northrop Grumman Corporation (NOC) 0.3 $498k 2.1k 238.05
LEGG MASON BW GLOBAL Income 0.3 $503k 39k 12.78
Berkshire Hathaway (BRK.B) 0.2 $467k 2.8k 166.79
Aberdeen Latin Amer Eqty 0.2 $450k 19k 23.53
Lockheed Martin Corporation (LMT) 0.2 $424k 1.6k 267.34
Morgan Stanley Asia Pacific Fund 0.2 $424k 28k 15.36
Amazon (AMZN) 0.2 $410k 463.00 885.53
Nuveen PA Investnt Quality Municipal (NQP) 0.2 $412k 31k 13.13
3M Company (MMM) 0.2 $398k 2.1k 191.35
India Fund (IFN) 0.2 $366k 14k 25.42
General Electric Company 0.2 $355k 12k 29.82
Altria (MO) 0.2 $360k 5.0k 71.40
Orbcomm 0.2 $352k 37k 9.54
Eaton Vance Pa Muni Income T sh ben int 0.2 $351k 29k 12.05
Vanguard Health Care ETF (VHT) 0.2 $325k 2.4k 137.71
Chevron Corporation (CVX) 0.2 $309k 2.9k 107.44
Ford Motor Company (F) 0.2 $291k 25k 11.64
Enterprise Products Partners (EPD) 0.2 $297k 11k 27.65
Neuberger Berman NY Int Mun Common 0.2 $304k 24k 12.53
Wave Life Sciences (WVE) 0.2 $292k 11k 27.47
Starbucks Corporation (SBUX) 0.1 $278k 4.8k 58.34
Southwest Airlines (LUV) 0.1 $283k 5.3k 53.80
Magellan Midstream Partners 0.1 $277k 3.6k 77.01
Nuveen Maryland Premium Income Municipal 0.1 $286k 23k 12.67
BP (BP) 0.1 $269k 7.8k 34.49
Lear Corporation (LEA) 0.1 $258k 1.8k 141.37
Templeton Emerging Markets Income Fund (TEI) 0.1 $258k 23k 11.22
Wal-Mart Stores (WMT) 0.1 $239k 3.3k 71.99
Maxim Integrated Products 0.1 $235k 5.2k 44.91
Philip Morris International (PM) 0.1 $248k 2.2k 112.73
Manpower (MAN) 0.1 $234k 2.3k 102.63
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $234k 41k 5.78
Thor Industries (THO) 0.1 $226k 2.4k 96.17
Hawaiian Holdings (HA) 0.1 $223k 4.8k 46.51
Vanguard Total Stock Market ETF (VTI) 0.1 $219k 1.8k 121.33
BlackRock Global Energy & Resources Trus (BGR) 0.1 $228k 17k 13.73
Winnebago Industries (WGO) 0.1 $207k 7.1k 29.22
BlackRock Global Opportunities Equity Tr (BOE) 0.1 $207k 17k 12.40
Eagle Cap Growth (GRF) 0.1 $208k 28k 7.35
Zweig Fund 0.1 $200k 18k 11.11
Morgan Stanley Emerging Markets Domestic (EDD) 0.1 $149k 20k 7.56
Nuveen Div. Advantage Muni. Fund (NAD) 0.1 $144k 11k 13.68
Achillion Pharmaceuticals 0.1 $107k 25k 4.21
Latin American Discovery Fund 0.1 $107k 10k 10.53
Energy Fuels (UUUU) 0.0 $65k 30k 2.18