Telluride Asset Management LLC

Q4 2013 13F Holdings Report, Stock Holdings

Signature - Title: Mark Kuper - Authorized Agent
Location: Wayzata, MN
Holdings as of: 31 Dec 2013
Value $: $82,995
Num holdings: 189
Filing time: 13 Feb 2014, 18:32:53 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included APPLE, EQUITY RESIDENTIAL, SIMON PROPERTY GROUP, HEALTH CARE REIT, and CACI INTL.
Next filing: Q1 2014 - 14 May 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 Q4 2013 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
Mark Kuper	Authorized Agent	Wayzata, Minnesota	13 Feb 2014