Pharo Management

Pharo Management as of Sept. 30, 2012

Portfolio Holdings for Pharo Management

Pharo Management holds 5 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares MSCI Brazil Index (EWZ) 66.1 $76M 1.4M 54.06
Materials SPDR (XLB) 10.3 $12M 323k 36.80
Energy Select Sector SPDR (XLE) 10.2 $12M 161k 73.44
Industrial SPDR (XLI) 10.0 $12M 317k 36.53
iShares MSCI Turkey Index Fund (TUR) 3.4 $3.9M 71k 55.88