Gems Management

Gems Management as of Dec. 31, 2012

Portfolio Holdings for Gems Management

Gems Management holds 45 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
American Capital Agency 26.9 $16M 550k 28.90
iShares iBoxx $ High Yid Corp Bond (HYG) 5.8 $3.4M 36k 93.34
SPDR Barclays Capital High Yield B 5.8 $3.4M 83k 40.71
iShares FTSE/Xinhua China 25 Index (FXI) 4.2 $2.5M 62k 40.44
Market Vector Russia ETF Trust 3.4 $2.0M 68k 29.90
iShares MSCI Brazil Index (EWZ) 3.4 $2.0M 36k 55.95
Vanguard Emerging Markets ETF (VWO) 2.1 $1.3M 29k 44.54
SPDR DJ International Real Estate ETF (RWX) 2.1 $1.3M 31k 41.33
Vanguard Europe Pacific ETF (VEA) 2.0 $1.2M 34k 35.24
Nokia Corporation (NOK) 1.9 $1.1M 280k 3.95
Netflix (NFLX) 1.9 $1.1M 12k 92.60
Plantronics 1.9 $1.1M 30k 36.88
Google 1.9 $1.1M 1.5k 707.63
MasterCard Incorporated (MA) 1.8 $1.1M 2.2k 491.14
Telefonaktiebolaget LM Ericsson (ERIC) 1.8 $1.1M 107k 10.10
Juniper Networks (JNPR) 1.8 $1.1M 55k 19.67
Oracle Corporation (ORCL) 1.8 $1.1M 32k 33.33
Mobile TeleSystems OJSC 1.8 $1.1M 57k 18.66
Sprint Nextel Corporation 1.8 $1.1M 187k 5.67
Proshares Tr Ii Ultrashort Ye etf (YCS) 1.8 $1.0M 20k 50.77
Market Vectors Vietnam ETF. 1.6 $957k 53k 18.00
iShares MSCI South Africa Index (EZA) 1.6 $936k 13k 71.61
iShares MSCI Thailand Index Fund (THD) 1.6 $937k 11k 82.49
iShares MSCI Turkey Index Fund (TUR) 1.6 $931k 14k 66.75
Global X InterBolsa FTSE Colombia20 1.6 $928k 42k 22.25
iShares MSCI Pacific ex-Japan Idx (EPP) 1.4 $795k 17k 47.13
iShares S&P Europe 350 Index (IEV) 1.0 $612k 16k 39.28
Invesco Van Kampen Senior Income Trust (VVR) 1.0 $575k 111k 5.18
Proshares Tr fund 1.0 $579k 16k 36.99
Proshares Ultrashort Qqq 1.0 $575k 19k 29.65
Materials SPDR (XLB) 0.9 $528k 14k 37.52
iShares S&P Latin America 40 Index (ILF) 0.8 $476k 11k 43.83
iShares MSCI BRIC Index Fund (BKF) 0.8 $477k 12k 40.86
iShares MSCI Australia Index Fund (EWA) 0.8 $479k 19k 25.15
Market Vectors Emerging Mkts Local ETF 0.8 $479k 17k 27.47
iShares MSCI Japan Index 0.8 $474k 49k 9.75
CurrencyShares Euro Trust 0.8 $469k 3.6k 130.86
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.8 $470k 3.8k 122.68
Claymore/BNY Mellon Frontier Markets ETF 0.8 $474k 24k 19.78
SPDR S&P Homebuilders (XHB) 0.7 $398k 15k 26.59
Claymore/AlphaShares China Small Cap ETF 0.6 $341k 14k 24.02
Market Vectors Brazil Small Cap ETF 0.6 $339k 8.0k 42.59
Market Vectors Etf equity 0.6 $339k 22k 15.23
Proshares Tr (UYG) 0.6 $332k 4.9k 67.77
ProShares Ultra Basic Materials (UYM) 0.5 $268k 7.3k 36.62