Total PIPCO Value 05/09/2014

Ticker		Closing Price		Shares		Market
		5/9/2014		Outstanding		Value
				5/9/2014		5/9/2014
ACTG		$               15.53		50,062,790		$     777,475,129
BCYP.OB		$               0.105		210,636,895		$       22,116,874
CLGL		$             0.0235		3,340,000,000		$       78,490,000
COPY.OB		$             0.3400		212,957,900		$       72,405,686
CRDS		$                  1.68		12,883,023		$       21,643,479
DSS		$                  1.18		49,230,159		$       58,091,588
EDIG.OB		$             0.0515		293,186,908		$       15,099,126
ENIP		$               0.050		44,070,062		$        2,203,503
EONC		$                  2.67		2,891,613		$        7,720,607
FNJN.OB		$                  6.18		22,368,453		$     138,237,040
IDCC		$               34.66		40,453,401		$  1,402,114,879
MARA.OB		$                  7.95		5,489,593		$       43,642,264
MGT		$                  1.39		8,866,686		$       12,324,694
NTIP		$                  1.60		25,757,982		$       41,212,771
OTIV		$                  2.30		32,300,000		$       74,290,000
PCO		$                  1.41		265,940,686		$     374,976,367
PPRO		$                  3.25		20,741,572		$       67,410,109
PRKR		$                  5.08		96,290,722		$     489,156,868
PTNT		$                  3.26		7,751,952		$       25,271,364
RMBS		$               11.84		113,744,776		$  1,346,738,148
SITO.OB		$               0.380		142,832,217		$       54,276,242
SPEX		$                  1.33		25,858,940		$       34,392,390
STRP		$                  7.83		11,795,097		$       92,355,610
TIVO		$               11.77		120,691,616		$  1,420,540,320
TSRA		$               21.64		53,463,550		$  1,156,951,222
UPIP		$                  2.01		110,437,198		$     221,978,768
VHC		$               13.40		51,518,767		$     690,351,478
VRNG		$                  3.43		86,531,094		$     296,801,652
WDDD.OB		$             0.1380		93,209,823		$       12,862,956
WILN		$                  3.22		120,260,260		$     387,238,037
				Total =		$  9,438,369,169
				5/2/2014		$  9,793,819,758
						$    (355,450,589)