PVG Asset Management

Q4 2016 13F Holdings Report, Stock Holdings

Signature - Title: Patrick Adams - President
Location: Golden, CO
Holdings as of: 31 Dec 2016
Value $: $237,660,931
Num holdings: 98
Filing time: 13 Feb 2017, 17:52:33 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included SH, SDS, SPY, IVV, and VOO.
Previous filing: Q2 2016 - 12 Aug 2016
SEC: View on sec.gov

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

Filing 2016 Q4 compared to 2016 Q2 by default. Changes are calculated vs the previous SEC filing.

Compare Q4 2016 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
Patrick Adams	President	Centennial, Colorado	13 Feb 2017