Total PIPCO Value 3/21/2014

Ticker		Closing Price		Shares		Market
		3/21/2014		Outstanding		Value
				3/21/2014		3/21/2014
ACTG		$           16.15		50,640,123		$     817,837,986
BCYP.OB		$           0.130		167,232,688		$       21,740,249
COPY.OB		$           0.280		212,957,900		$       59,628,212
CRDS		$             2.57		12,883,023		$       33,109,369
DSS		$             1.47		49,230,159		$       72,368,334
EDIG.OB		$         0.0600		293,186,908		$       17,591,214
ENIP		$           0.124		44,070,062		$        5,464,688
EONC		$             5.97		2,891,613		$       17,262,930
FNJN.OB		$             7.10		22,368,453		$     158,816,016
IDCC		$           31.94		40,452,673		$  1,292,058,376
MARA.OB		$             6.94		5,339,593		$       37,056,775
MGT		$             2.11		8,822,131		$       18,614,696
NTIP		$             1.77		25,757,982		$       45,591,628
OTIV		$             2.99		32,300,000		$       96,577,000
PCO		$             1.77		266,068,725		$     470,941,643
PPRO		$             4.00		20,741,572		$       82,966,288
PRKR		$             5.04		96,290,722		$     485,305,239
PTNT		$             3.35		7,751,952		$       25,969,039
RMBS		$           10.30		113,483,805		$  1,168,883,192
SITO.OB		$           0.400		142,832,217		$       57,132,887
SPEX		$             4.37		25,858,940		$     113,003,568
STRP		$             7.36		11,795,097		$       86,811,914
TIVO		$           13.14		120,691,616		$  1,585,887,834
TSRA		$           23.27		53,111,401		$  1,235,902,301
UPIP		$             1.94		109,767,378		$     212,948,713
VHC		$           14.14		51,236,141		$     724,479,034
VRNG		$             3.72		85,797,826		$     319,167,913
WDDD.OB		$         0.1650		93,309,823		$       15,396,121
WILN		$             3.04		119,909,016		$     364,523,409
				Total =		$  9,643,036,568