| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3,511 SHS BERKSHIRE HATHAWAY-CLASS B | 508,471 | 746,368 |
| 3,233.1380 SHS CISCO SYSTEMS INC | 62,426 | 153,606 |
| 15,003.801 SHS MICROSOFT CORP | 720,754 | 2,151,095 |
| FIRST BIOMED LIMITED | 2,500,000 | 5,728,689 |
| 29,155.2615 SHS EXXONMOBIL CORP. | 1,205,221 | 1,970,021 |
| 6,759.4504 SHS ROYAL DUTCH SHELL | 238,821 | 391,845 |
| 3,600 SHS AMERICAN WATER WORKS CO., INC. | 71,980 | 443,772 |
| 2,100 SHS ANHEUSER-BUSCH INBEV | 122,435 | 169,617 |
| 3,359.5330 SHS APPLE INC. | 281,730 | 835,717 |
| 14,900 SHS APPROACH RESOURCES INC | 334,847 | 1,371 |
| 3,550 SHS JPMORGAN CHASE & CO | 199,255 | 443,466 |
| 3,260.102 SHS VISA INC | 173,426 | 583,102 |
| 7,000 SHS ARAMARK | 189,121 | 306,320 |
| CITI MANAGED FUND | 2,285,190 | 3,774,159 |
| 4,900 SHS CITIZENS FINANCIAL GROUP, INC | 116,901 | 172,284 |
| 14,979.1690 SHS COCA COLA COMPANY | 731,208 | 815,316 |
| 2,485.59 SHS NORTHROP GRUMMAN CORP | 358,223 | 876,121 |
| 1,500 SHS WAL-MART STORES INC | 100,210 | 175,890 |
| 12,500 SHS ALLY FINANCIAL INC | 275,623 | 382,875 |
| 8,600 SHS ORACLE CORP | 350,068 | 468,614 |
| 461 SHS AUTOZONE INC | 233,370 | 527,559 |
| 13,400 SHS DISCOVERY COMMUNICATIONS INC | 361,969 | 338,216 |
| 950 SHS FEDEX CORP | 194,790 | 145,027 |
| 2,200 SHS OMNICOM GROUP INC | 186,754 | 169,818 |
| 1,700 SHS S&P GLOBAL INC | 192,171 | 438,583 |
| 3,700 SHS ALTRIA GROUP INC | 273,467 | 165,723 |
| 3,200 SHS DANAHER CORP | 264,608 | 441,024 |
| 6,100 SHS ENANTA PHARMACEUTICALS, INC | 285,529 | 371,368 |
| 4,400 SHS MERCK KGAA | 434,542 | 524,686 |
| 582.14 SHS CIGNA CORP | 212,462 | 103,889 |
| 31 SHS WABTECH CORPORATION | 2,439 | 2,150 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WEXFORD PARTNERS 10, L.P. | AT COST | 591,032 | 311,815 |
| SMSF, LLC (HEDGE FORUM) | AT COST | 11,259 | 0 |
| HSBC MM FUND | AT COST | 34,018 | 34,018 |
| FMC MM FUND # 1 | AT COST | 375,756 | 375,756 |
| CITI INVESTOR M/F | AT COST | 313,771 | 313,771 |
| DEUTSCHEBANK M/F | AT COST | 389,830 | 389,830 |
| BEP PRIVATE INVESTORS LP | AT COST | 310,147 | 460,197 |
| KKR ASIAN FUND II PRIVATE INVESTORS OFFSHORE, LP | AT COST | 154,429 | 267,253 |
| FIRST CHINA FUND LLC | AT COST | 1,036,806 | 1,299,080 |
| BREP ASIA PRIVATE | AT COST | 182,813 | 350,696 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INTEREST RECEIVABLE | 83 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEE | 81,355 | 61,016 | 20,339 | |
| NYS FILING FEE | 750 | 0 | 0 | |
| BROKERAGE COMMISSION FEES | 538 | 538 | 0 | |
| DELIVERY EXPENSE | 8 | 8 | 0 | |
| NET LOSS FROM PARTNERSHIP INVESTMENTS | 64,239 | 64,239 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX ON INVESTMENT INCOME | 21,479 | 21,479 | 0 | |
| FOREIGN INCOME TAX WITHHELD | 6,240 | 6,240 | 0 |