Hedge Fund - Nantahala Capital Management

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No. Security Ticker Shares Value Activity % Port History
1. IEF 2,650,000 $641,194,000 -27% 22.27%
2. EW 1,800,000 $139,986,000 NEW 4.86%
3. ESTA 1,973,492 $80,893,437 +12% 2.81%
4.
Spdr Series TrustPUT
700,000 $70,140,000 -13% 2.44%
5. HGV 1,667,753 $69,728,753 -17% 2.42%