Absolute Investment Management

Absolute Investment Management as of Dec. 31, 2013

Portfolio Holdings for Absolute Investment Management

Absolute Investment Management holds 223 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Lehman MBS Bond Fund (MBB) 12.5 $7.0M 67k 104.58
PIMCO 1-5 Year US TIPS Index Fund (STPZ) 9.3 $5.2M 98k 52.89
ProShares Short S&P500 7.8 $4.4M 173k 25.23
Market Vectors Etf Tr pharmaceutical 7.6 $4.2M 80k 53.11
iShares Barclays TIPS Bond Fund (TIP) 7.4 $4.1M 38k 109.89
SPDR Gold Trust (GLD) 5.8 $3.2M 28k 116.11
Us Natural Gas Fd Etf 5.6 $3.1M 152k 20.69
Utilities SPDR (XLU) 5.2 $2.9M 77k 37.97
Health Care SPDR (XLV) 4.9 $2.7M 49k 55.45
Capstead Mortgage Corporation 4.0 $2.3M 187k 12.08
Annaly Capital Management 3.4 $1.9M 192k 9.97
Proshares Tr pshs sh msci emr (EUM) 3.3 $1.8M 70k 26.30
ProShares UltraShort Euro (EUO) 3.1 $1.7M 101k 17.06
Duke Energy (DUK) 2.5 $1.4M 20k 69.01
Spdr S&p 500 Etf (SPY) 2.1 $1.2M 6.4k 184.66
Atmos Energy Corporation (ATO) 1.7 $950k 21k 45.42
Consolidated Edison (ED) 1.4 $790k 14k 55.27
Southern Company (SO) 1.4 $767k 19k 41.12
ProShares Short 20+ Year Treasury ETF (TBF) 1.1 $621k 19k 32.90
Hormel Foods Corporation (HRL) 0.7 $384k 8.5k 45.18
General Electric Company 0.6 $332k 12k 28.02
American Capital Agency 0.6 $318k 17k 19.29
ProShares Short Russell2000 0.5 $289k 17k 16.85
Pimco Municipal Income Fund (PMF) 0.5 $292k 24k 12.22
Putnam Managed Municipal Income Trust (PMM) 0.5 $275k 41k 6.64
Market Vectors Gold Miners ETF 0.4 $211k 10k 21.10
Eaton Vance Municipal Bond Fund (EIM) 0.4 $213k 19k 11.30
DWS Municipal Income Trust 0.4 $201k 17k 12.02
iShares NASDAQ Biotechnology Index (IBB) 0.3 $193k 850.00 227.06
ETFS Gold Trust 0.3 $169k 1.4k 118.60
iShares Silver Trust (SLV) 0.2 $127k 6.8k 18.75
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.2 $105k 1.3k 84.00
iShares Barclays Agency Bond Fund (AGZ) 0.2 $105k 950.00 110.53
Procter & Gamble Company (PG) 0.2 $90k 1.1k 81.08
At&t (T) 0.1 $85k 2.4k 35.33
Philip Morris International (PM) 0.1 $76k 874.00 86.96
Altria (MO) 0.1 $69k 1.8k 38.31
SPDR Dow Jones Industrial Average ETF (DIA) 0.1 $54k 325.00 166.15
Nuveen Investment Quality Munl Fund 0.1 $55k 4.1k 13.41
iShares Gold Trust 0.1 $50k 4.3k 11.69
PowerShares QQQ Trust, Series 1 0.1 $53k 600.00 88.33
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $52k 525.00 99.05
Johnson & Johnson (JNJ) 0.1 $42k 459.00 91.50
ProShares Short Dow30 0.1 $43k 1.7k 26.06
American Electric Power Company (AEP) 0.1 $37k 800.00 46.25
Wpx Energy 0.1 $41k 2.0k 20.50
Pimco Total Return Etf totl (BOND) 0.1 $39k 375.00 104.00
Pfizer (PFE) 0.1 $34k 1.1k 30.33
iShares S&P 500 Index (IVV) 0.1 $33k 180.00 183.33
Navios Maritime Partners 0.1 $33k 1.7k 19.41
Consumer Staples Select Sect. SPDR (XLP) 0.1 $34k 800.00 42.50
Market Vectors Junior Gold Min 0.1 $32k 1.0k 31.04
PPL Corporation (PPL) 0.1 $30k 1.0k 30.00
Vanguard Short-Term Bond ETF (BSV) 0.1 $30k 375.00 80.00
Central Fd Cda Ltd cl a 0.1 $30k 2.3k 13.33
Altra Holdings, Inc note 2.750% 3/0 0.1 $26k 19k 1.37
Abbvie (ABBV) 0.1 $26k 500.00 52.00
Apple (AAPL) 0.0 $20k 35.00 571.43
Wisconsin Energy Corporation 0.0 $21k 500.00 42.00
Lowe's Companies (LOW) 0.0 $25k 500.00 50.00
Google 0.0 $22k 20.00 1100.00
Maximus (MMS) 0.0 $22k 500.00 44.00
Silver Wheaton Corp 0.0 $22k 1.1k 20.00
3D Systems Corporation (DDD) 0.0 $23k 245.00 93.88
Newpark Res Inc note 4.000%10/0 0.0 $22k 16k 1.38
Stratasys (SSYS) 0.0 $21k 153.00 137.25
Barrick Gold Corp (GOLD) 0.0 $19k 1.1k 17.56
Time Warner Cable 0.0 $14k 100.00 140.00
Linear Technology Corp note 3.000% 5/0 0.0 $15k 13k 1.15
Wal-Mart Stores (WMT) 0.0 $18k 235.00 76.60
Abbott Laboratories (ABT) 0.0 $19k 500.00 38.00
Eli Lilly & Co. (LLY) 0.0 $16k 312.00 51.28
Kimberly-Clark Corporation (KMB) 0.0 $14k 135.00 103.70
Valero Energy Corporation (VLO) 0.0 $15k 300.00 50.00
Colgate-Palmolive Company (CL) 0.0 $14k 210.00 66.67
Nextera Energy (NEE) 0.0 $19k 222.00 85.59
Netflix (NFLX) 0.0 $15k 40.00 375.00
Royal Gold (RGLD) 0.0 $15k 331.00 45.32
LTC Properties (LTC) 0.0 $14k 404.00 34.65
Vanguard REIT ETF (VNQ) 0.0 $17k 263.00 64.64
CurrencyShares Australian Dollar Trust 0.0 $19k 215.00 88.37
ProShares Credit Suisse 130/30 (CSM) 0.0 $17k 195.00 87.18
Comtech Telecommunications Cor conv 0.0 $14k 13k 1.08
Ishares Tr cmn (STIP) 0.0 $15k 150.00 100.00
Meritage Homes Corp conv 0.0 $16k 14k 1.14
Exone 0.0 $15k 243.00 61.73
Goldman Sachs Group Inc note 1/2 0.0 $18k 18k 1.00
Crown Holdings (CCK) 0.0 $9.0k 200.00 45.00
Microsoft Corporation (MSFT) 0.0 $13k 338.00 38.46
PNC Financial Services (PNC) 0.0 $11k 141.00 78.01
Exxon Mobil Corporation (XOM) 0.0 $10k 100.00 100.00
Dominion Resources (D) 0.0 $13k 206.00 63.11
Apache Corporation 0.0 $9.0k 100.00 90.00
Teradata Corporation (TDC) 0.0 $13k 282.00 46.10
Potash Corp. Of Saskatchewan I 0.0 $10k 300.00 33.33
ConocoPhillips (COP) 0.0 $11k 160.00 68.75
Deere & Company (DE) 0.0 $13k 137.00 94.89
General Mills (GIS) 0.0 $12k 250.00 48.00
Merck & Co (MRK) 0.0 $10k 200.00 50.00
Royal Dutch Shell 0.0 $10k 140.00 71.43
Vodafone 0.0 $10k 250.00 40.00
Qualcomm (QCOM) 0.0 $9.0k 115.00 78.26
Via 0.0 $9.0k 100.00 90.00
Discovery Communications 0.0 $9.0k 100.00 90.00
Oracle Corporation (ORCL) 0.0 $11k 300.00 36.67
Kinder Morgan Energy Partners 0.0 $10k 120.00 83.33
Allied Nevada Gold 0.0 $12k 3.5k 3.43
iShares MSCI Germany Index Fund (EWG) 0.0 $13k 425.00 30.59
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.0 $9.0k 900.00 10.00
Nuveen Floating Rate Income Fund (JFR) 0.0 $11k 963.00 11.42
Pennantpark Floating Rate Capi (PFLT) 0.0 $10k 700.00 14.29
Ubs Ag London Brh 2x lev lng lkd 0.0 $10k 350.00 28.57
Goldman Sachs Group 0.0 $12k 8.0k 1.50
Doubleline Opportunistic Cr (DBL) 0.0 $13k 575.00 22.61
Retail Properties Of America 0.0 $11k 848.00 12.97
Oaktree Cap 0.0 $12k 200.00 60.00
Tcp Capital 0.0 $10k 600.00 16.67
Babson Cap Glb Sht Durhgh Yl 0.0 $9.0k 400.00 22.50
Allianzgi Conv & Inc Fd taxable cef 0.0 $10k 1.0k 10.00
Allianzgi Nfj Divid Int Prem S cefs 0.0 $9.0k 500.00 18.00
MasterCard Incorporated (MA) 0.0 $3.0k 3.00 1000.00
Seattle Genetics 0.0 $6.0k 150.00 40.00
Walt Disney Company (DIS) 0.0 $8.0k 105.00 76.19
Bunge 0.0 $3.0k 35.00 85.71
Autodesk (ADSK) 0.0 $5.0k 95.00 52.63
CarMax (KMX) 0.0 $5.0k 100.00 50.00
Reynolds American 0.0 $6.0k 125.00 48.00
Royal Caribbean Cruises (RCL) 0.0 $5.0k 100.00 50.00
Intel Corporation (INTC) 0.0 $7.0k 265.00 26.42
Verizon Communications (VZ) 0.0 $6.0k 119.00 50.42
Health Care REIT 0.0 $5.0k 100.00 50.00
Plum Creek Timber 0.0 $6.0k 125.00 48.00
eBay (EBAY) 0.0 $3.0k 50.00 60.00
International Business Machines (IBM) 0.0 $7.0k 35.00 200.00
Starbucks Corporation (SBUX) 0.0 $3.0k 32.00 93.75
Whole Foods Market 0.0 $3.0k 50.00 60.00
Calumet Specialty Products Partners, L.P 0.0 $3.0k 105.00 28.57
AutoZone (AZO) 0.0 $5.0k 10.00 500.00
Newcastle Investment 0.0 $5.0k 900.00 5.56
Sempra Energy (SRE) 0.0 $4.0k 48.00 83.33
priceline.com Incorporated 0.0 $6.0k 5.00 1200.00
Goldcorp 0.0 $7.0k 300.00 23.33
CONSOL Energy 0.0 $4.0k 100.00 40.00
Under Armour (UAA) 0.0 $4.0k 50.00 80.00
Martin Midstream Partners (MMLP) 0.0 $4.0k 103.00 38.83
United States Steel Corporation (X) 0.0 $3.0k 100.00 30.00
Kinross Gold Corp (KGC) 0.0 $8.0k 1.9k 4.26
VMware 0.0 $4.0k 50.00 80.00
Hercules Technology Growth Capital (HTGC) 0.0 $5.0k 300.00 16.67
Technology SPDR (XLK) 0.0 $3.0k 80.00 37.50
Apollo Investment 0.0 $4.0k 500.00 8.00
Eldorado Gold Corp 0.0 $6.0k 1.0k 5.88
Nabors Industries 0.0 $8.0k 450.00 17.78
iShares S&P MidCap 400 Index (IJH) 0.0 $7.0k 50.00 140.00
Seadrill 0.0 $4.0k 100.00 40.00
Yamana Gold 0.0 $6.0k 659.00 9.10
iShares S&P SmallCap 600 Index (IJR) 0.0 $3.0k 25.00 120.00
Aberdeen Australia Equity Fund (IAF) 0.0 $8.0k 900.00 8.89
ProShares Ultra Gold (UGL) 0.0 $3.0k 84.00 35.71
Pengrowth Energy Corp 0.0 $7.0k 1.1k 6.12
Ubs Ag Jersey Branch 0.0 $8.0k 150.00 53.33
Ishares High Dividend Equity F (HDV) 0.0 $5.0k 75.00 66.67
Ishares Tr eafe min volat (EFAV) 0.0 $3.0k 50.00 60.00
Mcewen Mining 0.0 $6.0k 3.1k 1.95
Phillips 66 (PSX) 0.0 $5.0k 65.00 76.92
Facebook Inc cl a (META) 0.0 $3.0k 50.00 60.00
Servicenow (NOW) 0.0 $6.0k 100.00 60.00
Mondelez Int (MDLZ) 0.0 $4.0k 100.00 40.00
Organovo Holdings 0.0 $3.0k 250.00 12.00
Petroleo Brasileiro SA (PBR) 0.0 $1.0k 100.00 10.00
Charles Schwab Corporation (SCHW) 0.0 $0 0 0.00
Coca-Cola Company (KO) 0.0 $1.0k 20.00 50.00
FedEx Corporation (FDX) 0.0 $2.0k 12.00 166.67
McDonald's Corporation (MCD) 0.0 $0 4.00 0.00
Cisco Systems (CSCO) 0.0 $2.0k 100.00 20.00
Hudson City Ban 0.0 $1.0k 125.00 8.00
Newmont Mining Corporation (NEM) 0.0 $2.0k 100.00 20.00
Travelers Companies (TRV) 0.0 $0 4.00 0.00
Medtronic 0.0 $2.0k 34.00 58.82
Novartis (NVS) 0.0 $2.0k 23.00 86.96
Amgen (AMGN) 0.0 $1.0k 6.00 166.67
Aol 0.0 $0 2.00 0.00
Stryker Corporation (SYK) 0.0 $2.0k 25.00 80.00
Target Corporation (TGT) 0.0 $2.0k 25.00 80.00
Telefonica (TEF) 0.0 $0 29.00 0.00
Freeport-McMoRan Copper & Gold (FCX) 0.0 $0 2.00 0.00
PG&E Corporation (PCG) 0.0 $2.0k 51.00 39.22
General Dynamics Corporation (GD) 0.0 $2.0k 25.00 80.00
Manpower (MAN) 0.0 $0 2.00 0.00
Cresud (CRESY) 0.0 $999.680000 142.00 7.04
J.M. Smucker Company (SJM) 0.0 $0 1.00 0.00
Eagle Rock Energy Partners,L.P 0.0 $2.0k 319.00 6.27
Vail Resorts (MTN) 0.0 $1.0k 10.00 100.00
Suburban Propane Partners (SPH) 0.0 $1.0k 21.00 47.62
Walter Investment Management 0.0 $0 5.00 0.00
Golden Star Cad 0.0 $990.000000 3.0k 0.33
Alcatel-Lucent 0.0 $0 24.00 0.00
Brocade Communications Systems 0.0 $2.0k 200.00 10.00
Aviat Networks 0.0 $0 30.00 0.00
EQT Corporation (EQT) 0.0 $0 0 0.00
New Gold Inc Cda (NGD) 0.0 $999.990000 123.00 8.13
American International (AIG) 0.0 $0 2.00 0.00
Alpine Global Premier Properties Fund 0.0 $0 3.00 0.00
Rubicon Minerals Corp 0.0 $0 135.00 0.00
Consumer Discretionary SPDR (XLY) 0.0 $0 1.00 0.00
Mag Silver Corp (MAG) 0.0 $0 24.00 0.00
PowerShares DB Agriculture Fund 0.0 $1.0k 50.00 20.00
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $0 0 0.00
Gold Resource Corporation (GORO) 0.0 $0 27.00 0.00
Discovery Laboratories 0.0 $2.0k 889.00 2.25
American Intl Group 0.0 $0 1.00 0.00
Citigroup (C) 0.0 $1.0k 10.00 100.00
C&j Energy Services 0.0 $2.0k 100.00 20.00
Manchester Utd Plc New Ord Cl (MANU) 0.0 $0 5.00 0.00
Kraft Foods 0.0 $2.0k 33.00 60.61
Ishares Inc core msci emkt (IEMG) 0.0 $1.0k 25.00 40.00
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.0 $2.0k 30.00 66.67
Altair Nanotechnologies 0.0 $0 20.00 0.00
Proshares Tr ultra sh dow30 0.0 $1.0k 25.00 40.00
Market Vectors Etf Tr Rare Earth Strategic Metals Etf etf 0.0 $2.0k 50.00 40.00
Direxion Shs Etf Tr daily gold miner 0.0 $0 6.00 0.00
Nuverra Environmental Soluti 0.0 $1.0k 40.00 25.00
Twitter 0.0 $1.0k 10.00 100.00