| CCY | Portfolio designation | Purchase  1) | Sale  1) | Inventory as | Price | Market value | % of |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | of 31.12.2019 |  | in EUR | NAV |
| INSTRUMENTS AND OTHER ASSETS |
| LISTED INSTRUMENTS |
| Equities |
| CAD | Fairfax Financial Holdings | 0 | 3'400 | 7'340 | 609.74 | 3'074'641 | 2.90% |
| CHF | U-blox Holding AG | 23'000 | 6'000 | 17'000 | 97.80 | 1'529'673 | 1.44% |
| EUR | Atoss Software AG | 0 | 7'000 | 34'968 | 143.50 | 5'017'908 | 4.74% |
| EUR | Banif-Banco Internacional do Funchal | 0 | 0 | 23'500'417 | 0.00 | 0 | 0.00% |
| EUR | Bertrandt AG | 0 | 434 | 18'305 | 56.30 | 1'030'572 | 0.97% |
| EUR | Deutsche Lufthansa AG | 33'000 | 0 | 168'000 | 16.41 | 2'756'880 | 2.60% |
| EUR | Flow Traders | 51'775 | 0 | 109'138 | 21.54 | 2'350'833 | 2.22% |
| EUR | GrenkeLeasing | 19'000 | 0 | 19'000 | 92.25 | 1'752'750 | 1.65% |
| EUR | Sampo -A- | 13'800 | 0 | 57'800 | 38.91 | 2'248'998 | 2.12% |
| EUR | Semperit AG Holding | 0 | 0 | 170'400 | 11.14 | 1'898'256 | 1.79% |
| EUR | Total SA | 0 | 0 | 32'000 | 49.20 | 1'574'400 | 1.49% |
| EUR | Wirecard | 18'200 | 0 | 18'200 | 107.50 | 1'956'500 | 1.85% |
| EUR | Wuestenrot & Wuerttembergische | 0 | 0 | 96'731 | 19.36 | 1'872'712 | 1.77% |
| GBP | Pets at Home | 0 | 0 | 1'439'805 | 2.80 | 4'750'122 | 4.49% |
| GBP | The Go-Ahead Group | 0 | 0 | 135'000 | 22.08 | 3'517'198 | 3.32% |
| GBP | Vodafone Group | 1'800'000 | 0 | 1'800'000 | 1.47 | 3'117'053 | 2.94% |
| NZD | Ryman Healthcare | 0 | 0 | 206'216 | 16.33 | 2'022'755 | 1.91% |
| SEK | Svenska Handelsbanken -A- | 0 | 0 | 190'800 | 100.90 | 1'836'266 | 1.73% |
| USD | Alphabet -A- | 0 | 0 | 3'750 | 1'339.39 | 4'475'573 | 4.23% |
| USD | Altria Group | 81'300 | 0 | 81'300 | 49.91 | 3'615'668 | 3.41% |
| USD | Apple Computer Inc. | 0 | 8'300 | 13'400 | 293.65 | 3'506'269 | 3.31% |
| USD | Bank OZK | 0 | 0 | 136'400 | 30.51 | 3'707'625 | 3.50% |
| USD | Barrick Gold Corp | 0 | 148'000 | 285'100 | 18.59 | 4'722'663 | 4.46% |
| USD | Check Point Software Technologies Ltd | 0 | 0 | 33'400 | 110.96 | 3'302'351 | 3.12% |
| USD | Cognizant Technology Solutions | 0 | 0 | 37'900 | 62.02 | 2'094'505 | 1.98% |
| USD | CVS Health | 0 | 0 | 40'900 | 74.29 | 2'707'472 | 2.56% |
| USD | Gazprom OAO Repr. 4 Shs ADR | 220'000 | 0 | 220'000 | 8.23 | 1'612'974 | 1.52% |
| USD | HP | 0 | 0 | 145'300 | 20.55 | 2'660'650 | 2.51% |
| USD | iRobot | 37'300 | 0 | 61'800 | 50.63 | 2'788'090 | 2.63% |
| USD | JD.com | 0 | 0 | 62'700 | 35.23 | 1'968'297 | 1.86% |
| USD | MSC Industrial Direct -A- | 4'400 | 0 | 4'400 | 78.47 | 307'657 | 0.29% |
| USD | Simon Property Group | 10'800 | 0 | 10'800 | 148.96 | 1'433'520 | 1.35% |
| USD | Skechers USA -A- | 0 | 47'600 | 72'000 | 43.19 | 2'770'933 | 2.62% |
| ZAR | PSG Group | 0 | 0 | 134'100 | 234.16 | 1'999'607 | 1.89% |
|  |  |  |  |  |  | 85'981'371 | 81.18% |

Translation (ENDE, 2019-12-31):
| WHG | Portfolio Bezeichnung | Käufe  1) | Verkäufe  1) | Bestand per | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 31.12.2019 |  | in EUR | NIW |
| WERTPAPIERE UND ANDERE ANLAGEWERTE |
| BÖRSENNOTIERTE ANLAGEWERTE |
| Aktien |
| CAD | Fairfax Financial Holdings | 0 | 3'400 | 7'340 | 609.74 | 3'074'641 | 2.90% |
| CHF | U-blox Holding AG | 23'000 | 6'000 | 17'000 | 97.80 | 1'529'673 | 1.44% |
| EUR | Atoss Software AG | 0 | 7'000 | 34'968 | 143.50 | 5'017'908 | 4.74% |
| EUR | Banif-Banco Internacional do Funchal | 0 | 0 | 23'500'417 | 0.00 | 0 | 0.00% |
| EUR | Bertrandt AG | 0 | 434 | 18'305 | 56.30 | 1'030'572 | 0.97% |
| EUR | Deutsche Lufthansa AG | 33'000 | 0 | 168'000 | 16.41 | 2'756'880 | 2.60% |
| EUR | Flow Traders | 51'775 | 0 | 109'138 | 21.54 | 2'350'833 | 2.22% |
| EUR | GrenkeLeasing | 19'000 | 0 | 19'000 | 92.25 | 1'752'750 | 1.65% |
| EUR | Sampo -A- | 13'800 | 0 | 57'800 | 38.91 | 2'248'998 | 2.12% |
| EUR | Semperit AG Holding | 0 | 0 | 170'400 | 11.14 | 1'898'256 | 1.79% |
| EUR | Total SA | 0 | 0 | 32'000 | 49.20 | 1'574'400 | 1.49% |
| EUR | Wirecard | 18'200 | 0 | 18'200 | 107.50 | 1'956'500 | 1.85% |
| EUR | Wuestenrot & Wuerttembergische | 0 | 0 | 96'731 | 19.36 | 1'872'712 | 1.77% |
| GBP | Pets at Home | 0 | 0 | 1'439'805 | 2.80 | 4'750'122 | 4.49% |
| GBP | The Go-Ahead Group | 0 | 0 | 135'000 | 22.08 | 3'517'198 | 3.32% |
| GBP | Vodafone Group | 1'800'000 | 0 | 1'800'000 | 1.47 | 3'117'053 | 2.94% |
| NZD | Ryman Healthcare | 0 | 0 | 206'216 | 16.33 | 2'022'755 | 1.91% |
| SEK | Svenska Handelsbanken -A- | 0 | 0 | 190'800 | 100.90 | 1'836'266 | 1.73% |
| USD | Alphabet -A- | 0 | 0 | 3'750 | 1'339.39 | 4'475'573 | 4.23% |
| USD | Altria Group | 81'300 | 0 | 81'300 | 49.91 | 3'615'668 | 3.41% |
| USD | Apple Computer Inc. | 0 | 8'300 | 13'400 | 293.65 | 3'506'269 | 3.31% |
| USD | Bank OZK | 0 | 0 | 136'400 | 30.51 | 3'707'625 | 3.50% |
| USD | Barrick Gold Corp | 0 | 148'000 | 285'100 | 18.59 | 4'722'663 | 4.46% |
| USD | Check Point Software Technologies Ltd | 0 | 0 | 33'400 | 110.96 | 3'302'351 | 3.12% |
| USD | Cognizant Technology Solutions | 0 | 0 | 37'900 | 62.02 | 2'094'505 | 1.98% |
| USD | CVS Health | 0 | 0 | 40'900 | 74.29 | 2'707'472 | 2.56% |
| USD | Gazprom OAO Repr. 4 Shs ADR | 220'000 | 0 | 220'000 | 8.23 | 1'612'974 | 1.52% |
| USD | HP | 0 | 0 | 145'300 | 20.55 | 2'660'650 | 2.51% |
| USD | iRobot | 37'300 | 0 | 61'800 | 50.63 | 2'788'090 | 2.63% |
| USD | JD.com | 0 | 0 | 62'700 | 35.23 | 1'968'297 | 1.86% |
| USD | MSC Industrial Direct -A- | 4'400 | 0 | 4'400 | 78.47 | 307'657 | 0.29% |
| USD | Simon Property Group | 10'800 | 0 | 10'800 | 148.96 | 1'433'520 | 1.35% |
| USD | Skechers USA -A- | 0 | 47'600 | 72'000 | 43.19 | 2'770'933 | 2.62% |
| ZAR | PSG Group | 0 | 0 | 134'100 | 234.16 | 1'999'607 | 1.89% |
|  |  |  |  |  |  | 85'981'371 | 81.18% |