Change in Valuation from 12/31/10 to 12/31/11
(Dollars in Thousands)
Market Value at 12/31/10 | $ | 383,929 |
Realized Capital Gains | 4,486 | |
Unrealized Capital Gains | (40,448) | |
Reinvested Income | 13,687 | |
Contributions | 5,987 | |
Expenditures and Transfers | (15,465) | |
Market Value at 12/31/11 | $ | 352,176 |
Holdings and Market Value Summary as of 12/31/11
(Dollars in Thousands)
U.S. Large Cap Equities | ||
Berkshire Hathaway A | $ | 19,279 |
Berkshire Hathaway B | 34 | |
Oil Service Holders Trust | 3,183 | |
Vanguard Institutional Index | 804 | |
Vanguard Precious Metals & Mining | 5,713 | |
Materials Select Sector SPDR | 5,872 | |
Powershares Water Portfolio | 2,764 | |
Vanguard Energy Fund | 3,811 | |
Wisdomtree Large Cap Dividend | 6,534 | |
Subtotal | $ | 47,994 |
U.S. Small - Mid Cap Equities | ||
Guggenheim Solar Energy | $ | 136 |
First Trust NASDAQ Clean Edge | 337 | |
First Trust Global Wind Energy | 278 | |
ISHARES S&P Glbl Clean Energy | 187 | |
Powershares Cleantech Portfolio | 503 | |
Powershares Wilderhill Clean Energy | 254 | |
SPDR S&P Biotech ETF | 6,374 | |
Vanguard Extended Market Index | 7,179 | |
Vanguard Small Cap Index | 5,557 | |
Other | 188 | |
Subtotal | $ | 20,993 |
Non-U.S. Developed Equities | ||
Dodge & Cox International | $ | 7,396 |
Driehaus International Discovery | 9,877 | |
Templeton Institutional | 8,876 | |
Vanguard European Stock Index | 693 | |
Vanguard Pacific Stock Index | 4 440 | |
Vanguard International Growth | 8,721 | |
Vanguard International Value | 8,385 | |
Matthews Asia Dividend Fund | 2,648 | |
Subtotal | $ | 51,036 |
Non-U.S. Emerging Equities | ||
Capital Int’l Emerging Market | $ | 19,684 |
Templeton Emerging Market | 17,689 | |
Wisdomtree Emerging Markets | 5,727 | |
Subtotal | $ | 43,100 |
Real Estate Equities | ||
iShares Dow Jones RE Index | $ | 5,955 |
Third Avenue RE Fund | 4,894 | |
Subtotal | $ | 10,849 |
U.S. Fixed Income | ||
PIMCO Funds Total Return | $ | 16,958 |
Cash Equivalents | 28,429 | |
Other | 80 | |
Subtotal | $ | 45,467 |
Non-U.S. Fixed Income | ||
PIMCO Foreign Bond | $ | 15,984 |
PIMCO Developing | 5,880 | |
Subtotal | $ | 21,864 |
Hedge Funds | ||
Goldman Sachs Princeton | $ | 26,540 |
Tactician Windward | 2 448 | |
Makena Capital Associates | 11,224 | |
Maverick Fund Ltd | 7,725 | |
Platinum Fund | 7 963 | |
Tiedmann Global Emerging Markets | 3,141 | |
Renaissance Inst’l Equities | 14,438 | |
Renaissance Inst’l Futures | 11,839 | |
Subtotal | $ | 85,318 |
Other Alternative Investments | $ | 25,555 |
GRAND TOTAL | $ | 352,176 |