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PADCO ADVISORS INC /MD NEW
> TWGP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2010 | Tower Group International, Ltd. | TWGP | 0 | -6,813 | 0 | -147,000 | |
| 09/30/2010 | Tower Group International, Ltd. | TWGP | 0 | -6,813 | 0 | -147,000 | |
| 09/30/2010 | Tower Group International, Ltd. | TWGP | 0 | -6,813 | 0 | -147,000 | |
| 06/30/2010 | Tower Group International, Ltd. | TWGP | 6,813 | -1,967 | 147,000 | -58,000 | $21.58 |
| 03/31/2010 | Tower Group International, Ltd. | TWGP | 4,193 | -4,587 | 93,000 | -112,000 | $22.18 |
| 12/31/2009 | Tower Group International, Ltd. | TWGP | 8,780 | 3,080 | 205,000 | 66,000 | $23.35 |
| 09/30/2009 | Tower Group International, Ltd. | TWGP | 5,700 | -1,700 | 139,000 | -44,000 | $24.39 |
| 06/30/2009 | Tower Group International, Ltd. | TWGP | 7,400 | 5,642 | 183,000 | 140,000 | $24.73 |
| 03/31/2009 | Tower Group International, Ltd. | TWGP | 1,758 | 322 | 43,000 | 2,000 | $24.46 |
| 12/31/2008 | Tower Group International, Ltd. | TWGP | 1,436 | 1,436 | 41,000 | 41,000 | $28.55 |
| 09/30/2008 | Tower Group International, Ltd. | TWGP | 1,070 | -830 | 25,000 | -15,000 | $23.36 |
| 06/30/2008 | Tower Group International, Ltd. | TWGP | 1,900 | -665 | 40,000 | -25,000 | $21.05 |
| 03/31/2008 | Tower Group International, Ltd. | TWGP | 2,565 | 2,545 | 65,000 | 64,000 | $25.34 |
| 12/31/2007 | Tower Group International, Ltd. | TWGP | 20 | 20 | 1,000 | 1,000 | $50.00 |
| 09/30/2007 | Tower Group International, Ltd. | TWGP | 0 | -3,740 | 0 | -119,000 | |
| 06/30/2007 | Tower Group International, Ltd. | TWGP | 3,740 | 1,470 | 119,000 | 46,000 | $31.82 |
| 03/31/2007 | Tower Group International, Ltd. | TWGP | 2,270 | -2,916 | 73,000 | -88,000 | $32.16 |
| 12/31/2006 | Tower Group International, Ltd. | TWGP | 5,186 | 3,030 | 161,000 | 89,000 | $31.05 |
| 09/30/2006 | Tower Group International, Ltd. | TWGP | 2,156 | 2,156 | 72,000 | 72,000 | $33.40 |
| 06/30/2006 | Tower Group International, Ltd. | TWGP | 2,146 | 2,146 | 65,000 | 65,000 | $30.29 |
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