Deschutes Portfolio Strategy

Deschutes Portfolio Strategy as of Sept. 30, 2016

Portfolio Holdings for Deschutes Portfolio Strategy

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

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Boulder Growth & Income Fund (STEW) 6.3 $12M 1.4M 8.38
RMR Asia Pacific Real Estate Fund 4.4 $8.2M 377k 21.75
Alpine Global Premier Properties Fund 4.0 $7.4M 1.3M 5.55
Blackrock Res & Commodities Strategy Tr (BCX) 3.3 $6.1M 749k 8.15
Central Securities (CET) 3.2 $6.0M 282k 21.24
Liberty All-Star Equity Fund (USA) 3.1 $5.9M 1.1M 5.18
THE GDL FUND Closed-End fund (GDL) 3.1 $5.9M 589k 9.95
Adams Express Company (ADX) 3.1 $5.7M 436k 13.15
General American Investors (GAM) 3.1 $5.7M 176k 32.65
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 3.1 $5.7M 594k 9.67
Delaware Enhanced Glbl. Div. & Inc. Fund 2.9 $5.4M 530k 10.12
Alpine Total Dyn Fd New cefs 2.9 $5.3M 698k 7.63
Royce Value Trust (RVT) 2.8 $5.2M 412k 12.66
Cohen & Steers Mlp Fund 2.8 $5.2M 483k 10.75
Clough Global Equity Fund closed-end fund (GLQ) 2.5 $4.6M 403k 11.38
Clough Global Allocation Fun (GLV) 2.5 $4.6M 378k 12.13
Royce Global Value Tr (RGT) 2.2 $4.2M 516k 8.12
Dividend & Income Fund (BXSY) 2.0 $3.7M 328k 11.21
China Fund (CHN) 2.0 $3.7M 223k 16.44
Diversified Real Asset Inc F 1.9 $3.4M 200k 17.24
Central Europe and Russia Fund (CEE) 1.6 $3.0M 155k 19.20
Macquarie Global Infr Total Rtrn Fnd 1.6 $3.0M 137k 21.80
LEGG MASON BW GLOBAL Income 1.5 $2.8M 206k 13.58
Aberdeen Gtr China 1.4 $2.7M 294k 9.09
Japan Equity Fund ietf (JEQ) 1.4 $2.6M 311k 8.22
Templeton Dragon Fund (TDF) 1.3 $2.5M 141k 17.63
Aberdeen Chile Fund (AEF) 1.3 $2.4M 387k 6.27
Deutsche High Income Opport 1.3 $2.4M 168k 14.15
Singapore Fund 1.1 $2.1M 229k 9.37
Eagle Grwth & Income Oppty F 1.1 $2.0M 117k 16.77
Japan Smaller Capitalizaion Fund (JOF) 1.0 $1.9M 182k 10.55
Brookfield Global Listed 1.0 $1.9M 141k 13.72
Sprott Focus Tr (FUND) 1.0 $1.9M 279k 6.90
U.S. Bancorp (USB) 1.0 $1.9M 44k 42.90
Ares Dynamic Cr Allocation (ARDC) 0.9 $1.8M 120k 14.85
Morgan Stanley Emerging Markets Debt (MSD) 0.9 $1.8M 182k 9.65
Lazard World Dividend & Income Fund 0.9 $1.7M 171k 10.10
Tri-Continental Corporation (TY) 0.9 $1.7M 80k 21.38
Asia Pacific Fund 0.9 $1.7M 158k 10.57
Aberdeen Indonesia Fund 0.9 $1.6M 246k 6.62
Thai Fund 0.9 $1.6M 197k 8.18
LMP Capital and Income Fund (SCD) 0.8 $1.6M 116k 13.63
Cushing Renaissance 0.7 $1.4M 84k 16.53
Taiwan Fund (TWN) 0.7 $1.3M 73k 17.32
Gabelli mutual funds - (GGZ) 0.7 $1.3M 116k 10.81
Morgan Stanley India Investment Fund (IIF) 0.6 $1.2M 41k 28.43
Cohen & Steers infrastucture Fund (UTF) 0.6 $1.2M 54k 21.55
Alpine Global Dynamic 0.6 $1.1M 130k 8.70
Intel Corporation (INTC) 0.6 $1.1M 29k 37.74
First Tr Dynamic Europe Eqt 0.5 $981k 62k 15.72
Microsoft Corporation (MSFT) 0.5 $899k 16k 57.57
Apple (AAPL) 0.4 $821k 7.3k 113.04
Morgan Stanley China A Share Fund (CAF) 0.4 $778k 42k 18.70
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.4 $751k 41k 18.30
Aberdeen Israel Fund 0.4 $672k 41k 16.52
General Electric Company 0.3 $575k 19k 29.62
Royce Micro Capital Trust (RMT) 0.3 $567k 73k 7.81
Cushing Mlp Total Return Fd Com New cef 0.3 $551k 42k 13.08
Salient Midstream & M 0.3 $511k 40k 12.69
Clearbridge Amern Energ M 0.3 $487k 54k 8.96
Petroleum & Res Corp Com cef (PEO) 0.3 $492k 25k 19.92
Morgan Stanley Asia Pacific Fund 0.2 $447k 30k 15.10
Northrop Grumman Corporation (NOC) 0.2 $426k 2.0k 213.86
General Dynamics Corporation (GD) 0.2 $427k 2.8k 155.05
Amazon (AMZN) 0.2 $394k 470.00 838.30
Chevron Corporation (CVX) 0.2 $378k 3.7k 103.05
3M Company (MMM) 0.2 $367k 2.1k 176.44
Lockheed Martin Corporation (LMT) 0.2 $380k 1.6k 239.60
Berkshire Hathaway (BRK.B) 0.2 $359k 2.5k 144.58
Korea (KF) 0.2 $363k 10k 36.00
Wells Fargo Adv Global Dividend Opport (EOD) 0.2 $347k 60k 5.81
Ford Motor Company (F) 0.2 $338k 28k 12.07
Orbcomm 0.2 $338k 33k 10.26
Wave Life Sciences (WVE) 0.2 $334k 10k 32.44
Wal-Mart Stores (WMT) 0.2 $312k 4.3k 72.22
Altria (MO) 0.2 $319k 5.0k 63.32
Enterprise Products Partners (EPD) 0.2 $318k 12k 27.64
India Fund (IFN) 0.2 $308k 12k 24.84
Weyerhaeuser Company (WY) 0.2 $308k 9.6k 31.95
iShares S&P 500 Index (IVV) 0.2 $298k 1.4k 217.84
Aberdn Emring Mkts Telecomtions 0.2 $298k 24k 12.63
BP (BP) 0.1 $281k 8.0k 35.12
Reynolds American 0.1 $263k 5.6k 47.18
Magellan Midstream Partners 0.1 $254k 3.6k 70.87
Johnson & Johnson (JNJ) 0.1 $247k 2.1k 118.13
Maxim Integrated Products 0.1 $209k 5.2k 39.94
Philip Morris International (PM) 0.1 $214k 2.2k 97.27
Morgan Stanley Emerging Markets Fund 0.1 $198k 14k 14.56
Nuveen Insd Dividend Advantage (NVG) 0.1 $199k 12k 16.09
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.1 $197k 13k 15.76
Mexico Equity and Income Fund (MXE) 0.1 $201k 19k 10.34
Lazard Global Total Return & Income Fund (LGI) 0.1 $183k 13k 13.97
Nuveen Div. Advantage Muni. Fund (NAD) 0.1 $159k 11k 15.11
Cbre Clarion Global Real Estat re (IGR) 0.1 $149k 18k 8.38
Liberty All-Star Growth Fund (ASG) 0.1 $115k 27k 4.30
Swiss Helvetia Fund (SWZ) 0.1 $112k 11k 10.67
Achillion Pharmaceuticals 0.1 $97k 12k 8.13
Energy Fuels (UUUU) 0.0 $44k 28k 1.59