CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

CTC Alternative Strategies, Ltd.'s Holding History (CIK: 0001569550)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014
Shares 3,100 Value ($000) $218,984 Avg Close $54.33 Range $48.79 - $58.92
Q4 2013
Shares 7,200 Value ($000) $535,896 Avg Close $50.20 Range $48.35 - $52.59