Mercator Asset Management 13F filings and top holdings and stakes

Mercator Asset Management as of March 31, 2012

Portfolio Holdings for Mercator Asset Management

Mercator Asset Management holds 1 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker)	Portfolio Weight	Valued At	Change in Shares	Share Count	Share Price
HSBC Holdings (HSBC)	100.0	$510k		12k	44.35

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