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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JONATHAN P ROSEN</PersonNm>
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            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
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          <TitleTxt>DIRECTOR/PRESIDENT</TitleTxt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JEANNETTE D ROSEN</PersonNm>
          <USAddress>
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          <TitleTxt>DIRECTOR/TREASURER</TitleTxt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SARAH ROSEN</PersonNm>
          <USAddress>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>ROSEN EQUITIES LLC</BusinessNameLine1Txt>
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          <USAddress>
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      <MinimumInvestmentReturnGrp>
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      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1400067</MinimumInvestmentReturnAmt>
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        <TotalTaxAmt>10777</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1389290</DistributableBeforeAdjAmt>
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      <PFQualifyingDistributionsGrp>
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        <TotalExcessDistributionCyovAmt>850222</TotalExcessDistributionCyovAmt>
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        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
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      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
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        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
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        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
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      <DepreciationPropertyGrp>
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      <InvestmentLandGrp>
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      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HVAC</CategoryOrItemTxt>
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        <BookValueAmt>32714</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HVAC</CategoryOrItemTxt>
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        <BookValueAmt>51956</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
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    </InvestmentsLandSchedule2>
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        <CategoryOrItemTxt>OPULENTIA, LLC</CategoryOrItemTxt>
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        <EOYFMVAmt>17907</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RW ASSOCIATES</CategoryOrItemTxt>
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      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRECIOUS METALS</CategoryOrItemTxt>
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        <EOYFMVAmt>649464</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INTERACTIVE BROKERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>11065999</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BONUS EVENTUS TWO LLC</CategoryOrItemTxt>
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      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TELEPHONE REALTY CO.</CategoryOrItemTxt>
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        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
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      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ABNER PROPERTIES</CategoryOrItemTxt>
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        <EOYFMVAmt>2857158</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
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        <EOYFMVAmt>2246489</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BONUS EVENTUS THREE LLC</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ROSEN GLUCK AND MAY</CategoryOrItemTxt>
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        <EOYFMVAmt>933149</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
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        <EOYFMVAmt>700902</EOYFMVAmt>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>337478</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HEX PERFORMANCE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
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      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BONUS EVENTUS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
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        <CategoryTxt>LEGAL FEES - KAREN COMISAR PRESCOTT</CategoryTxt>
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        <NetInvestmentIncomeAmt>640</NetInvestmentIncomeAmt>
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      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES - J. THOMAS HODGES</CategoryTxt>
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      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES - ROSEN EQUITIES</CategoryTxt>
        <LegalFeesAmt>3610</LegalFeesAmt>
        <NetInvestmentIncomeAmt>3610</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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        <Desc>PREPAID LEASING COMMISSIONS</Desc>
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        <EOYFMVAmt>0</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>UTILITY DEPOSIT- COLERAIN</Desc>
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        <EOYBookValueAmt>1635</EOYBookValueAmt>
        <EOYFMVAmt>1635</EOYFMVAmt>
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    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>EXPENSES ON BOOK, NOT ON RETURN</Desc>
        <Amt>966516</Amt>
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        <Desc>OPULENTIA, LLC- PASSTHROUGH PORTFOLIO DEDUCTIONS</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>BONUS EVENTUS, LLC - PASSTHROUGH PORTFOLIO DEDUCTIONS</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>BONUS EVENTUS II, LLC - PASSTHROUGH PORTFOLIO DEDUCTIONS</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>BONUS EVENTUS III, LLC - PASSTHROUGH</Desc>
        <RevenueAndExpensesPerBooksAmt>26280</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>PENALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1431</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OFFICE</Desc>
        <RevenueAndExpensesPerBooksAmt>114408</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>57204</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>HEX PERFORMANCE LLC - PASSTHROUGH</Desc>
        <RevenueAndExpensesPerBooksAmt>55290</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>BONUS EVENTUS LLC - PASSTHROUGH</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>BROKERAGE FEES - WINSLOW</Desc>
        <RevenueAndExpensesPerBooksAmt>99</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>99</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>RW ASSOCIATES - CY LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>4890</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>CAMULET - CY LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>42256</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>36 E 31 PORTFOLIO DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>130</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>CHI RETAIL - CY LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>266524</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>CEDAR FAIR - CY LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>1275</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATIVE</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>PROTECTION AND GUARD</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>AMORTIZATION</Desc>
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      <OtherIncomeDetail>
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        <Desc>NATURAL RESOURCES - ROYALTY INCOME</Desc>
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      <OtherIncomeDetail>
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      <OtherIncomeDetail>
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      <OtherIncomeDetail>
        <Desc>NATURAL RESOURCES - ORDINARY BUSINESS INCOME</Desc>
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        <AdjustedNetIncomeAmt>16</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
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        <AdjustedNetIncomeAmt>280</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>RGM - RENTAL INCOME</Desc>
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      <OtherIncomeDetail>
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      <OtherIncomeDetail>
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      <OtherIncomeDetail>
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        <AdjustedNetIncomeAmt>5579</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
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      <OtherIncomeDetail>
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      <OtherLiabilitiesDetail>
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      <OtherLiabilitiesDetail>
        <Desc>BONUS EVENTUS - NEGATIVE BASIS</Desc>
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      <OtherLiabilitiesDetail>
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