PANTHERA INVESTMENT GmbH

Q1 2014 13F Holdings Report, Stock Holdings

Signature - Title: Tim Stoner - VP Operations
Location: Frankfurt, Germany
Holdings as of: 31 Mar 2014
Value $: $8,374,000
Num holdings: 8
Filing time: 15 May 2014, 10:28:54 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included NFLX, C, HLF, TSLA, and SCTY.
Next filing: Q2 2014 - 14 Aug 2014
SEC: View on sec.gov
Options Holdings: Showing stock holdings, see here for options holdings

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Compare Q1 2014 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Tim Stoner	VP Operations	Chicago, Illinois	15 May 2014

*NOTE: CMT ASSET MANAGEMENT LTD, CMT TRADING LLC AND PANTHERA INVESTMENT GMBH, WHO SHARE ULTIMATE BENEFICIAL OWNERS, EACH EXERCISE INVESTMENT DISCRETION OVER POSITIONS IN SECTION 13(F) SECURITIES. THESE ENTITIES DO NOT SHARE INVESTMENT DISCRETION WITH ONE ANOTHER, AND EACH FILES A FORM 13F HOLDINGS REPORT, LISTING THE POSITIONS IN SECTION 13(F) SECURITIES OVER WHICH THE FILER EXERCISES INVESTMENT DISCRETION.

Other Included Managers (2):

Num	Name	Location	File Number
1	CMT Holdings GmbH & Co KG	Chicago, IL
2	CMT Global Holdings LLC	Chicago, IL