Total PIPCO Value 5/1/2015

Ticker				Shares		Market
		Closing Price		Outstanding		Value
		5/1/2015		5/1/2015		5/1/2015
ACTG		$10.63		50,948,316		$        541,580,599
ANDR		$0.0818		63,721,035		$           5,212,381
BCYP		$0.1379		247,512,620		$          34,131,990
CRDS		$2.39		19,207,845		$          45,906,750
DSS		$0.2568		42,213,654		$          10,840,466
EDIG		$0.09		293,328,330		$          26,399,550
ENIP		$0.0004		44,070,062		$                17,628
FNJN		$1.42		22,500,035		$          31,950,050
IDCC		$55.82		37,136,023		$     2,072,932,804
INVT		$0.35		27,136,356		$           9,497,725
ITUS		$0.12		219,712,190		$          26,365,463
MARA		$5.72		13,579,810		$          77,676,513
MAXD		$0.0639		363,904,570		$          23,253,502
MGT		$0.50		10,542,287		$           5,271,144
MVPI		$0.19		33,400,000		$           6,346,000
NEON		$3.88		40,455,352		$        156,966,766
NLST		$0.5297		41,479,584		$          21,971,736
NTIP		$2.29		24,474,336		$          56,046,229
OTIV		$1.45		33,618,287		$          48,746,516
PAYD		$0.055		328,874,050		$          18,088,073
PCO		$1.04		266,822,495		$        277,495,395
PPRO		$2.19		20,741,572		$          45,424,043
PRKR		$0.6996		97,555,516		$          68,249,839
PTNT		$2.45		7,751,952		$          18,992,282
RMBS		$14.16		115,234,882		$     1,631,725,929
RPXC		$15.27		54,277,822		$        828,822,342
SITO		$0.305		150,728,628		$          45,972,232
SPEX		$0.734		35,858,940		$          26,320,462
STRP		$20.44		11,979,254		$        244,855,952
TIVO		$11.07		115,570,392		$     1,279,364,239
TSRA		$37.08		52,904,552		$     1,961,700,788
UPIP		$0.65		111,849,288		$          72,702,037
VHC		$6.37		51,996,701		$        331,218,985
VRNG		$0.7121		93,404,895		$          66,513,626
WDDD		$0.121		96,554,322		$          11,683,073
WILN		$2.43		120,247,647		$        292,201,782
				Total =		$   10,422,444,889