PHARO MANAGEMENT LLC Information

1370 AVENUE OF THE AMERICAS, NEW YORK, New York, 10019, (212) 641-8686

Report Date: 09/30/2012

Position Statistics:

Total Positions 6
New Positions 4
Increased Positions 4
Decreased Positions 1
Positions with Activity 5
Sold Out Positions 1
Total Mkt Value
(in $ millions)
124

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0%
Financial 100%
Healthcare
Services
Technology
Transportation
Utilities

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

4 New Positions as of 09/30/2012

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ISHARES INC MSCI BRAZIL CAPP 77,616 77,616 New 1,413,000
SELECT SECTOR SPDR TR SBI INT-INDS 14,048 14,048 New 317,100
SELECT SECTOR SPDR TR SBI INT-ENERGY 13,387 13,387 New 160,750
SELECT SECTOR SPDR TR SBI MATERIALS 13,340 13,340 New 323,000