| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 9,000 | 9,000 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AES CORP - RESTD | 63,077 | 51,636 |
| POPEYS LA KITCHEN | 22,423 | 48,955 |
| AMERICAN INTL GROUP | 28,006 | 71,693 |
| AMERICAN TOWER CORPORATION - CL A | 16,931 | 56,839 |
| ATNA RESOURCES LTD | 0 | 0 |
| AUTOZONE INC | 28,795 | 34,051 |
| BANK OF AMERICA CORP | 34,318 | 35,422 |
| BRIGUS GOLD CORP | 0 | 0 |
| CARMAX INC | 10,483 | 33,290 |
| CLAUDE RESOURCES INC | 0 | 0 |
| CINCINNATI BELL INC | 34,897 | 30,225 |
| CROWN HLDGS INC | 14,106 | 47,083 |
| DENNYS CORP | 36,531 | 77,531 |
| DOLLAR TREE INC | 52,276 | 69,676 |
| DETOUR GOLD CORP | 0 | 0 |
| DIRECTTV-A | 0 | 0 |
| AMERICAS BULLION ROYALTY CORP | 0 | 0 |
| SOUTH AMERICAN SILVER CORP | 0 | 0 |
| EQUINIX INC | 26,305 | 28,568 |
| INTERNAP NETWORK SERVICES CORP | 38,218 | 42,546 |
| IRIDIUM COMMUNICATIONS INC | 0 | 0 |
| KINDER MORGAN INC | 49,271 | 60,080 |
| KIRKLAND LAKE GOLD INC | 32,651 | 23,529 |
| MARKEL CORP | 33,777 | 68,284 |
| MICROS SYSTEM INC | 0 | 0 |
| MICROSOFT CORP | 24,496 | 34,373 |
| MIDWAY GOLD CORP | 17,209 | 8,510 |
| NEWMOUNT MINING CORP | 39,964 | 13,514 |
| PRETIUM RESOURCES INC | 0 | 0 |
| PIONEER NATURAL RESOURCES CO | 51,432 | 42,422 |
| PROBE MINES LTD | 8,594 | 18,561 |
| REDDY ICE HLDGS INC 7% SER A CON PFD RIGHTS | 4,768 | 1,683 |
| RIO NOVO GOLD INC WTS | 3,747 | 311 |
| SILVERCREST MINES INC | 0 | 0 |
| TIME WARNER CABLE INC | 0 | 0 |
| ROSS STORES INC | 28,949 | 41,946 |
| TEEKAY SHIPPING CORP | 25,128 | 23,918 |
| UNIVERSAL DISPLAY CORP | 8,901 | 17,205 |
| WEST KIRKLAND MINING INC | 0 | 0 |
| ZAYO GROUP HLDGS INC | 10,464 | 14,062 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ACACIA INSTITUTIONAL PARTNERS, LP | AT COST | 4,474,557 | 6,153,424 |
| MYRMIKAN GOLD FUND LLC | AT COST | 73,536 | 73,536 |
| COBIS | AT COST | 26 | 26 |
| SCRAM | AT COST | 7,282 | 7,282 |
| THE FEDERALIST LLC | AT COST | 81,365 | 81,365 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEE | 1,150 | 1,150 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FROM K-1 ACACIA INSTITUTIONAL PARTNERS, LP | 1,040,658 | 1,040,658 | 1,040,658 |
| FROM K-1 MYRMIKAN GOLD FUND LLC | -21,880 | -21,880 | -21,880 |
| FROM K-1 THE FEDERALIST LLC | -18,635 | -18,635 | -18,635 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO TRUSTEES | 25,000 | 50,000 |
| PROFESSIONAL FEES PAYABLE | 9,000 | 8,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 11,813 | 11,813 | 0 | |
| BANK CHARGES | 445 | 445 | 0 | |
| FED EX/POSTAGE | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 3,248 | 3,248 | 0 |