Niemann Capital Management

Niemann Capital Management as of Sept. 30, 2011

Portfolio Holdings for Niemann Capital Management

Niemann Capital Management holds 19 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Utilities SPDR (XLU) 21.7 $73M 2.2M 33.62
ProShares Short S&P500 15.3 $51M 1.1M 46.10
Market Vectors Gold Miners ETF 10.3 $35M 627k 55.19
PowerShares Dynamic Pharmaceuticals 9.0 $30M 1.2M 24.57
First Trust Cnsumer Stapl Alpha (FXG) 8.1 $27M 1.2M 22.31
iShares Lehman 7-10 Yr Treas. Bond (IEF) 8.0 $27M 254k 105.07
ProShares Short MSCI EAFE (EFZ) 7.8 $26M 468k 55.91
Proshares Tr sht kbw regbnk 7.8 $26M 365k 71.25
Vanguard Utilities ETF (VPU) 3.4 $12M 161k 71.46
PowerShares Dynamic Food & Beverage 2.3 $7.8M 437k 17.93
PowerShares Dynamic Retail 2.1 $7.1M 371k 19.01
iShares NASDAQ Biotechnology Index (IBB) 1.1 $3.6M 38k 93.35
Technology SPDR (XLK) 1.1 $3.5M 150k 23.60
iShares MSCI Jpan Smll Cap Ind Fund (SCJ) 0.6 $2.1M 46k 45.73
Ishares Tr zealand invst (ENZL) 0.4 $1.4M 49k 28.97
SPDR S&P International Consmr Stap 0.3 $984k 33k 29.75
WisdomTree Japan SmallCap Div (DFJ) 0.3 $892k 21k 43.59
iShares MSCI South Africa Index (EZA) 0.3 $868k 15k 56.57
iShares MSCI Thailand Index Fund (THD) 0.3 $861k 16k 53.24