Niemann Capital Management

Niemann Capital Management as of Dec. 31, 2011

Portfolio Holdings for Niemann Capital Management

Niemann Capital Management holds 24 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Utilities SPDR (XLU) 19.6 $52M 1.4M 35.98
PowerShares High Yld. Dividend Achv 16.7 $44M 4.7M 9.25
iShares Barclays 10-20 Yr Tresry Bd (TLH) 11.7 $31M 231k 132.93
iShares Dow Jones Select Dividend (DVY) 11.6 $31M 568k 53.77
iShares Lehman 7-10 Yr Treas. Bond (IEF) 6.5 $17M 161k 105.57
Proshares Tr pshs sh msci emr (EUM) 5.4 $14M 425k 33.39
ProShares Short QQQ 5.3 $14M 445k 31.29
Advisorshares Tr activ bear etf 5.2 $14M 552k 25.02
Vanguard Utilities ETF (VPU) 4.0 $10M 135k 76.89
PowerShares Dynamic Pharmaceuticals 3.5 $9.2M 325k 28.18
PowerShares Dynamic Retail 2.3 $6.0M 273k 21.96
iShares Dow Jones US Pharm Indx (IHE) 2.2 $5.8M 76k 76.45
iShares NASDAQ Biotechnology Index (IBB) 2.1 $5.7M 54k 104.34
SPDR S&P Pharmaceuticals (XPH) 1.9 $5.1M 100k 51.33
SPDR S&P International Consmr Stap 0.2 $641k 21k 31.29
MSCI Indonesia Investable Market Ind (EIDO) 0.2 $595k 20k 29.32
Ishares Tr Phill Invstmrk (EPHE) 0.2 $545k 23k 23.57
Market Vectors Indonesia Index 0.2 $556k 20k 28.45
iShares MSCI Australia Index Fund (EWA) 0.2 $540k 25k 21.44
WisdomTree Pacific ex-Japan Eq 0.2 $565k 11k 50.73
iShares FTSE/Xinhua China 25 Index (FXI) 0.2 $532k 15k 34.89
IQ South Korea Small Cap ETF 0.2 $519k 20k 25.96
Market Vectors Gulf States 0.2 $497k 25k 19.56
Consumer Staples Select Sect. SPDR (XLP) 0.1 $203k 6.3k 32.46