Vermillion Asset Management

Vermillion Asset Management as of March 31, 2012

Portfolio Holdings for Vermillion Asset Management

Vermillion Asset Management holds 70 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
Market Vectors Gold Miners ETF 5.9 $9.0M 181k 49.59
CONSOL Energy 5.3 $8.2M 240k 34.10
Market Vectors Oil Service Etf 4.5 $6.9M 169k 40.62
Kirby Corporation (KEX) 4.3 $6.6M 100k 65.79
Capital Product 4.2 $6.5M 800k 8.11
Cabot Oil & Gas Corporation (CTRA) 3.8 $5.8M 187k 31.24
iShares MSCI Emerging Markets Indx (EEM) 3.7 $5.6M 131k 42.78
Golar Lng (GLNG) 3.6 $5.6M 146k 38.05
Navios Maritime Partners 3.3 $5.0M 300k 16.67
NAVIOS MARITIME HOLDINGS INC Com Stk 3.3 $5.0M 1.2M 4.20
AK Steel Holding Corporation 2.8 $4.3M 565k 7.56
Anadarko Petroleum Corporation 2.6 $3.9M 50k 78.34
Peabody Energy Corporation 2.5 $3.8M 131k 28.96
Teekay Lng Partners 2.5 $3.8M 96k 39.17
Seacor Holdings 2.4 $3.7M 39k 95.44
Costamare (CMRE) 2.4 $3.7M 268k 13.77
Arch Coal 2.1 $3.3M 306k 10.71
Ishares Inc option 2.1 $3.2M 8.0k 397.50
Alpha Natural Resources 2.1 $3.1M 207k 15.21
Vale (VALE) 2.0 $3.1M 134k 23.33
Market Vectors Etf Tr option 1.8 $2.8M 6.0k 463.00
Teekay Tankers Ltd cl a 1.8 $2.7M 450k 6.07
Nordic American Tanker Shippin (NAT) 1.7 $2.7M 168k 15.88
Textainer Group Holdings 1.7 $2.6M 78k 33.68
Materials SPDR (XLB) 1.7 $2.5M 69k 36.75
Box Ships 1.6 $2.5M 285k 8.64
Energy Select Sector SPDR (XLE) 1.5 $2.4M 33k 71.61
CABOT OIL & GAS CORP -CL A CMN Stk cmn 1.5 $2.3M 2.0k 1135.00
Rio Tinto (RIO) 1.4 $2.2M 40k 55.60
Overseas Shipholding 1.4 $2.2M 175k 12.63
Market Vectors Etf Tr option 1.4 $2.2M 3.0k 725.00
Select Sector Spdr Tr option 1.4 $2.1M 8.0k 262.00
Nuveen Diversified Commodty 1.3 $1.9M 84k 23.06
Freeport-McMoRan Copper & Gold (FCX) 1.2 $1.8M 47k 38.04
Cme (CME) 1.1 $1.7M 6.0k 289.33
Exxon Mobil Corporation (XOM) 1.1 $1.7M 20k 86.75
Market Vectors-Coal ETF 1.1 $1.6M 51k 31.88
Utilities SPDR (XLU) 1.0 $1.6M 45k 35.24
Scorpio Tankers 0.9 $1.4M 200k 7.06
Baltic Trading 0.9 $1.3M 320k 4.15
Consol Energy Inc option 0.8 $1.2M 2.0k 588.50
BHP Billiton (BHP) 0.7 $1.1M 15k 72.40
SPDR S&P Metals and Mining (XME) 0.6 $901k 18k 50.06
Anadarko Pete Corp option 0.6 $838k 1.0k 838.00
Select Sector Spdr Tr option 0.5 $834k 12k 69.50
Ishares Inc option 0.5 $752k 8.0k 94.00
Navios Maritime Partners Lp cmn 0.4 $582k 1.0k 582.00
Freeport-mcmoran Copper & Go option 0.4 $544k 1.0k 544.00
Market Vectors Etf Tr option 0.3 $534k 2.0k 267.00
Market Vectors Etf Tr option 0.3 $501k 2.0k 250.50
Anadarko Pete Corp option 0.3 $430k 1.0k 430.00
Select Sector Spdr Tr option 0.2 $360k 12k 30.00
Seacor Holdings Inc Put put 0.2 $295k 1.0k 295.00
Freeport-mcmoran Copper & Go option 0.2 $272k 1.0k 272.00
Exxon Mobil Corp option 0.1 $231k 1.0k 231.00
Select Sector Spdr Tr option 0.1 $232k 2.0k 116.00
Anadarko Pete Corp option 0.1 $207k 1.0k 207.00
Select Sector Spdr Tr option 0.1 $184k 2.0k 92.00
Exxon Mobil Corp option 0.1 $166k 1.0k 166.00
Navios Maritime Partners Lp cmn 0.1 $175k 1.0k 175.00
Select Sector Spdr Tr option 0.1 $139k 1.0k 139.00
Seacor Holdings Inc Call call 0.1 $99k 1.0k 99.00
Anadarko Pete Corp option 0.1 $73k 1.0k 73.00
Exxon Mobil Corp option 0.1 $74k 1.0k 74.00
Freeport-mcmoran Copper & Go option 0.1 $80k 1.0k 80.00
Freeport-mcmoran Copper & Go option 0.0 $59k 1.0k 59.00
Exxon Mobil Corp option 0.0 $52k 1.0k 52.00
Market Vectors Etf Tr option 0.0 $38k 2.0k 19.00
CABOT OIL & GAS CORP -CL A CMN Stk cmn 0.0 $15k 2.0k 7.50
Consol Energy Inc option 0.0 $3.0k 2.0k 1.50