OUTFITTER ADVISORS, LTD. Last Quarter Change: USA ETF, Unchanged

OUTFITTER ADVISORS, LTD. quarter change: USA ETF, Unchanged

In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), from the quarter ended 2016-06-30 to 2016-09-30, OUTFITTER ADVISORS, LTD. opened 0 positions, added to 2, reduced 1, sold out of 0 and left 4 unchanged. The largest increase in value was VTI (+$357,000); the largest decrease was XLU (-$58,000).

IJR: Country of operation —; Class COM; Shares 2016-06-30 8,770; Shares 2016-09-30 8,770.
SPY: Country of operation —; Class COM; Shares 2016-06-30 3,836; Shares 2016-09-30 3,836.
IVV: Country of operation —; Class COM; Shares 2016-06-30 1,815; Shares 2016-09-30 1,815.
IWF: Country of operation —; Class COM; Shares 2016-06-30 2,104; Shares 2016-09-30 2,104.

Two Form 13F-HR filings compared (SEC CIK 1321219): 2016-06-30 (filed 2016-08-15) and 2016-09-30 (filed 2016-10-31). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.

Stock	Class	Shares 2016-06-30	Shares 2016-09-30	Value 2016-06-30	Value 2016-09-30	Value change
IJR ISHARES S&P 600	COM	8,770	8,770	$1,019,000	$1,089,000	+$70,000
SPY SPDR TR UNIT SER 1	COM	3,836	3,836	$804,000	$830,000	+$26,000
IVV ISHARES S&P 500	COM	1,815	1,815	$382,000	$395,000	+$13,000
IWF ISHARES RUS 1000 GRW	COM	2,104	2,104	$211,000	$219,000	+$8,000

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