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ETFS PHYSICAL
ETFS PHYSICAL. Institutional holdings reported to the SEC.

Institutional Holders (2014Q1)
Portfolio Summary: 32 Institutional holders with a total value of $38,851,803.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Courage Miller Partners, LLC 144,249 9,963,000 25.64%
2 MORGAN STANLEY 141,389 9,766,000 25.14%
3 Virtu Financial LLC 49,522 3,420,000 8.80%
4 UBS AG 30,718 2,122,000 5.46%
5 BANK OF AMERICA CORP /DE/ 29,986 2,071,000 5.33%
6 Advisory Alpha, LLC 29,683 2,050,000 5.28%
7 NewSquare Capital LLC 26,989 1,864,000 4.80%
8 WELLS FARGO & COMPANY/MN 22,054 1,524,000 3.92%
9 LPL Financial LLC 21,180 1,463,000 3.77%
10 AVALON CAPITAL MANAGEMENT 12,302 850,000 2.19%
11 Commonwealth Equity Services, Inc 11,027 762,000 1.96%
12 Fernwood Investment Management, LLC 7,137 493,000 1.27%
13 Cutter & CO Brokerage, Inc. 7,025 485,000 1.25%
14 HighTower Advisors, LLC 5,000 345,000 0.89%
15 Cambridge Investment Research Advisors, Inc. 4,029 278,000 0.72%
16 DEUTSCHE BANK AG\ 3,952 272,000 0.70%
17 Horrell Capital Management, Inc. 3,107 215,000 0.55%
18 Gradient Investments LLC 2,877 199,000 0.51%
19 LADENBURG THALMANN FINANCIAL SERVICES INC. 1,974 136,000 0.35%
20 AMERIPRISE FINANCIAL INC 1,717 119,000 0.31%
21 WFG Advisors, LP 1,230 85,000 0.22%
22 AlphaMark Advisors, LLC 925 64,000 0.16% SH
23 AMERICAN INTERNATIONAL GROUP, INC. 750 51,803 0.13%
24 CITIGROUP INC 595 41,000 0.11%
25 MSI Financial Services Inc 549 38,000 0.10%
26 ROYAL BANK OF CANADA 550 38,000 0.10%
27 Tower Research Capital LLC (TRC) 519 36,000 0.09%
28 Smithfield Trust Co 473 33,000 0.08%
29 PRIVATE TRUST CO NA 400 28,000 0.07%
30 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 277 19,000 0.05%
31 FIFTH THIRD BANCORP 272 19,000 0.05%
32 NEW ENGLAND SECURITIES CORP /MA/ 28 2,000 0.01%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.