S&T BANK/PA Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$22,623	-1.1%	835,385	-0.7%	4.36%	+6.0%
AXL	Buy	AMERICAN EAGLE OUTFITTERS IN	$18,669	+128.8%	1,652,060	+67.5%	3.60%	+145.2%
	Sell	CIVITAS RESOURCES INC	$15,760	+9.0%	194,877	-6.5%	3.04%	+16.8%
FLEX	Buy	FLEX LTDord	$15,600	+4.0%	578,202	+6.6%	3.01%	+11.4%
ACM	Sell	AECOM	$14,207	-7.0%	171,092	-5.1%	2.74%	-0.4%
ABBV	Sell	ABBVIE INC	$12,757	+6.9%	85,582	-3.3%	2.46%	+14.6%
AMSF	Sell	AMERISAFE INC	$12,310	-9.2%	245,852	-3.3%	2.37%	-2.7%
PANW	Sell	PALO ALTO NETWORKS INC	$12,095	-18.6%	51,593	-11.3%	2.33%	-12.8%
VOO	Sell	VANGUARD INDEX FDS	$11,878	-5.4%	30,248	-1.9%	2.29%	+1.3%
FCN	Sell	FTI CONSULTING INC	$11,587	-10.2%	64,948	-4.3%	2.23%	-3.8%
ABC	Sell	CENCORA INC	$11,549	-10.1%	64,172	-3.9%	2.23%	-3.7%
FFIV	Sell	F5 INC	$10,906	+6.2%	67,677	-3.6%	2.10%	+13.8%
CVS	Sell	CVS HEALTH CORP	$10,271	+0.9%	147,108	-0.1%	1.98%	+8.1%
FTNT	Sell	FORTINET INC	$10,182	-26.2%	173,512	-5.0%	1.96%	-20.9%
TTEK	Sell	TETRA TECH INC NEW	$10,118	-10.9%	66,553	-4.1%	1.95%	-4.5%
CF	Sell	CF INDS HLDGS INC	$9,991	+21.9%	116,525	-1.3%	1.93%	+30.6%
HURN	Sell	HURON CONSULTING GROUP INC	$9,981	-10.8%	95,822	-27.3%	1.92%	-4.5%
HTGC	Sell	HERCULES CAPITAL INC	$9,921	+8.6%	604,192	-2.1%	1.91%	+16.4%
AMN	Sell	AMN HEALTHCARE SVCS INC	$9,801	-24.5%	115,063	-3.2%	1.89%	-19.1%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$9,715	-5.2%	27,733	-7.7%	1.87%	+1.6%
CMI	Sell	CUMMINS INC	$9,689	-7.6%	42,411	-0.8%	1.87%	-1.0%
LAD	Sell	LITHIA MTRS INC	$9,578	-7.3%	32,430	-4.6%	1.85%	-0.7%
WDC	Sell	WESTERN DIGITAL CORP.	$9,479	+15.4%	207,727	-4.0%	1.83%	+23.7%
HII	Sell	HUNTINGTON INGALLS INDS INC	$9,318	-14.8%	45,543	-5.2%	1.80%	-8.7%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$9,190	-13.5%	93,210	-2.9%	1.77%	-7.4%
CORT	Sell	CORCEPT THERAPEUTICS INC	$9,107	+17.9%	334,252	-3.7%	1.76%	+26.2%
LNTH	New	LANTHEUS HLDGS INC	$8,836	–	127,179	–	1.70%	–
WNC	Sell	WABASH NATL CORP	$8,788	-20.4%	416,113	-3.4%	1.69%	-14.7%
SNX	Sell	TD SYNNEX CORPORATION	$8,788	+2.0%	88,005	-4.0%	1.69%	+9.2%
MSFT	Sell	MICROSOFT CORP	$8,609	-11.9%	27,268	-5.0%	1.66%	-5.6%
DVN	Sell	DEVON ENERGY CORP NEW	$8,145	-2.5%	170,751	-1.2%	1.57%	+4.5%
PII	Sell	POLARIS INC	$8,021	-16.9%	77,020	-3.5%	1.55%	-10.9%
IDCC	Sell	INTERDIGITAL INC	$7,826	-22.2%	97,532	-6.4%	1.51%	-16.7%
VZ	Buy	VERIZON COMMUNICATIONS INC	$7,790	-12.5%	240,353	+0.4%	1.50%	-6.2%
THS	Sell	TREEHOUSE FOODS INC	$7,740	-17.6%	177,610	-4.8%	1.49%	-11.8%
CARG	Buy	CARGURUS INC	$7,676	-21.6%	438,134	+1.2%	1.48%	-16.1%
KFRC	Sell	KFORCE INC	$7,582	-6.8%	127,083	-2.1%	1.46%	-0.1%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$7,429	+5.0%	55,736	-1.0%	1.43%	+12.5%
UNH	Sell	UNITEDHEALTH GROUP INC	$7,317	+3.0%	14,513	-1.8%	1.41%	+10.3%
AX	Sell	AXOS FINANCIAL INC	$6,154	-6.7%	162,538	-2.8%	1.19%	0.0%
SUPN	Sell	SUPERNUS PHARMACEUTICALS INC	$5,943	-10.6%	215,578	-2.6%	1.15%	-4.3%
LDOS	Sell	LEIDOS HOLDINGS INC	$5,917	+3.5%	64,211	-0.6%	1.14%	+10.9%
JCOM	Sell	ZIFF DAVIS INC	$5,409	-11.4%	84,942	-2.5%	1.04%	-5.0%
F	Sell	FORD MTR CO DEL	$5,141	-18.6%	413,885	-0.9%	0.99%	-12.8%
OKE	Sell	ONEOK INC NEW	$4,353	+1.6%	68,623	-1.2%	0.84%	+8.8%
FMC	Sell	FMC CORP	$4,318	-37.4%	64,474	-2.5%	0.83%	-32.9%
ARCC	Sell	ARES CAPITAL CORP	$4,140	+3.3%	212,685	-0.2%	0.80%	+10.7%
LUV	Sell	SOUTHWEST AIRLS CO	$3,785	-28.2%	139,799	-4.0%	0.73%	-23.1%
SJM	Sell	SMUCKER J M CO	$3,683	-25.7%	29,962	-10.7%	0.71%	-20.4%
PRAA	Sell	PRA GROUP INC	$3,587	-19.0%	186,725	-3.6%	0.69%	-13.2%
CL	Sell	COLGATE PALMOLIVE CO	$3,323	-12.1%	46,735	-4.7%	0.64%	-5.7%
KMB	Sell	KIMBERLY-CLARK CORP	$3,040	-12.6%	25,162	-0.1%	0.59%	-6.4%
INTC	Sell	INTEL CORP	$2,969	-40.0%	83,503	-43.6%	0.57%	-35.7%
PYPL	Buy	PAYPAL HLDGS INC	$2,904	-11.0%	49,670	+1.6%	0.56%	-4.6%
SYF	Buy	SYNCHRONY FINANCIAL	$2,822	-9.5%	92,299	+0.4%	0.54%	-3.0%
BKNG	Sell	BOOKING HOLDINGS INC	$2,420	+1.5%	785	-11.1%	0.47%	+8.9%
FHI	Sell	FEDERATED HERMES INCcl b	$2,403	-5.7%	70,962	-0.1%	0.46%	+0.9%
PEP	Sell	PEPSICO INC	$2,359	-9.4%	13,926	-1.0%	0.46%	-3.0%
DOW	Sell	DOW INC	$2,336	-3.7%	45,320	-0.6%	0.45%	+3.0%
ABT	Buy	ABBOTT LABS	$2,080	-9.4%	21,477	+1.9%	0.40%	-2.9%
PPL	Sell	PPL CORP	$1,985	-11.5%	84,262	-0.7%	0.38%	-5.2%
IJR	Sell	ISHARES TRcore s&p scp etf	$1,978	-9.3%	20,967	-4.3%	0.38%	-3.1%
LOW	Sell	LOWES COS INC	$1,942	-16.8%	9,343	-9.7%	0.37%	-11.0%
	Sell	CONSENSUS CLOUD SOLUTIONS IN	$1,783	-19.6%	70,812	-1.0%	0.34%	-13.8%
FLO	Sell	FLOWERS FOODS INC	$1,733	-11.0%	78,116	-0.2%	0.33%	-4.6%
EAF	Sell	GRAFTECH INTL LTD	$1,644	-24.1%	429,303	-0.1%	0.32%	-18.7%
XOM	Buy	EXXON MOBIL CORP	$1,110	+106.7%	9,443	+88.7%	0.21%	+120.6%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKETvan ftse dev mkt	$1,037	-12.4%	23,722	-7.4%	0.20%	-6.1%
AAPL	Sell	APPLE INC	$832	-13.4%	4,855	-2.0%	0.16%	-7.5%
	New	CRANE COMPANY	$644	–	7,245	–	0.12%	–
FREL	Sell	FIDELITY MSCI REAL ESTATE INDEmsci rl est etf	$644	-9.7%	28,313	-0.3%	0.12%	-3.1%
	Sell	WESTPORT FUEL SYSTEMS INC	$505	-44.1%	83,286	-29.3%	0.10%	-40.5%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$413	-8.2%	1,983	-3.0%	0.08%	-1.2%
	New	CRANE NXT CO	$403	–	7,245	–	0.08%	–
CVX	Buy	CHEVRON CORP NEW	$378	+17.8%	2,239	+9.8%	0.07%	+25.9%
JPM	Buy	JPMORGAN CHASE & CO	$372	+9.7%	2,567	+10.2%	0.07%	+18.0%
PPG	Buy	PPG INDS INC	$325	-9.0%	2,507	+4.2%	0.06%	-1.6%
JNJ	Sell	JOHNSON & JOHNSON	$257	-11.7%	1,653	-6.0%	0.05%	-3.8%
PG	Buy	PROCTER AND GAMBLE CO	$244	+9.4%	1,671	+13.6%	0.05%	+17.5%
VWO	Sell	VANGUARD FTSE EMERGING MARKETSftse emr mkt etf	$152	-20.8%	3,880	-18.0%	0.03%	-17.1%
HD	Exit	HOME DEPOT INC	$0	–	-646	–	-0.04%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,783	–	-0.04%	–
SPHD	Exit	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$0	–	-4,991	–	-0.04%	–
V	Exit	VISA INC	$0	–	-864	–	-0.04%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-650	–	-0.04%	–
FL	Exit	FOOT LOCKER INC	$0	–	-204,497	–	-1.00%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS IN	$0	–	-735,135	–	-1.56%	–

Q2 2023

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$22,873	–	841,213	–	4.12%	–
ACM	New	AECOM	$15,275	–	180,367	–	2.75%	–
FLEX	New	FLEX LTDord	$14,997	–	542,576	–	2.70%	–
PANW	New	PALO ALTO NETWORKS INC	$14,865	–	58,176	–	2.68%	–
	New	CIVITAS RESOURCES INC	$14,455	–	208,385	–	2.60%	–
FTNT	New	FORTINET INC	$13,799	–	182,550	–	2.48%	–
AMSF	New	AMERISAFE INC	$13,559	–	254,296	–	2.44%	–
AMN	New	AMN HEALTHCARE SVCS INC	$12,973	–	118,889	–	2.34%	–
FCN	New	FTI CONSULTING INC	$12,908	–	67,866	–	2.32%	–
ABC	New	AMERISOURCEBERGEN CORP	$12,850	–	66,780	–	2.31%	–
VOO	New	VANGUARD INDEX FDS	$12,562	–	30,843	–	2.26%	–
ABBV	New	ABBVIE INC	$11,929	–	88,536	–	2.15%	–
TTEK	New	TETRA TECH INC NEW	$11,359	–	69,374	–	2.04%	–
HURN	New	HURON CONSULTING GROUP INC	$11,195	–	131,843	–	2.02%	–
WNC	New	WABASH NATL CORP	$11,042	–	430,675	–	1.99%	–
HII	New	HUNTINGTON INGALLS INDS INC	$10,937	–	48,055	–	1.97%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$10,628	–	96,017	–	1.91%	–
CMI	New	CUMMINS INC	$10,484	–	42,762	–	1.89%	–
LAD	New	LITHIA MTRS INC	$10,336	–	33,988	–	1.86%	–
FFIV	New	F5 INC	$10,270	–	70,216	–	1.85%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$10,246	–	30,046	–	1.84%	–
CVS	New	CVS HEALTH CORP	$10,180	–	147,247	–	1.83%	–
IDCC	New	INTERDIGITAL INC	$10,065	–	104,246	–	1.81%	–
CARG	New	CARGURUS INC	$9,797	–	432,941	–	1.76%	–
MSFT	New	MICROSOFT CORP	$9,774	–	28,700	–	1.76%	–
PII	New	POLARIS INC	$9,648	–	79,779	–	1.74%	–
THS	New	TREEHOUSE FOODS INC	$9,396	–	186,511	–	1.69%	–
HTGC	New	HERCULES CAPITAL INC	$9,136	–	617,304	–	1.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$8,899	–	239,279	–	1.60%	–
AEO	New	AMERICAN EAGLE OUTFITTERS IN	$8,674	–	735,135	–	1.56%	–
SNX	New	TD SYNNEX CORPORATION	$8,618	–	91,678	–	1.55%	–
DVN	New	DEVON ENERGY CORP NEW	$8,353	–	172,789	–	1.50%	–
WDC	New	WESTERN DIGITAL CORP.	$8,212	–	216,488	–	1.48%	–
CF	New	CF INDS HLDGS INC	$8,194	–	118,037	–	1.48%	–
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$8,158	–	986,491	–	1.47%	–
KFRC	New	KFORCE INC	$8,135	–	129,835	–	1.46%	–
CORT	New	CORCEPT THERAPEUTICS INC	$7,727	–	347,260	–	1.39%	–
UNH	New	UNITEDHEALTH GROUP INC	$7,106	–	14,783	–	1.28%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$7,075	–	56,317	–	1.27%	–
FMC	New	FMC CORP	$6,901	–	66,145	–	1.24%	–
SUPN	New	SUPERNUS PHARMACEUTICALS INC	$6,651	–	221,243	–	1.20%	–
AX	New	AXOS FINANCIAL INC	$6,594	–	167,197	–	1.19%	–
F	New	FORD MTR CO DEL	$6,319	–	417,629	–	1.14%	–
JCOM	New	ZIFF DAVIS INC	$6,102	–	87,094	–	1.10%	–
LDOS	New	LEIDOS HOLDINGS INC	$5,716	–	64,607	–	1.03%	–
FL	New	FOOT LOCKER INC	$5,544	–	204,497	–	1.00%	–
LUV	New	SOUTHWEST AIRLS CO	$5,273	–	145,637	–	0.95%	–
SJM	New	SMUCKER J M CO	$4,955	–	33,554	–	0.89%	–
INTC	New	INTEL CORP	$4,948	–	147,949	–	0.89%	–
PRAA	New	PRA GROUP INC	$4,427	–	193,748	–	0.80%	–
OKE	New	ONEOK INC NEW	$4,285	–	69,433	–	0.77%	–
ARCC	New	ARES CAPITAL CORP	$4,006	–	213,217	–	0.72%	–
CL	New	COLGATE PALMOLIVE CO	$3,779	–	49,051	–	0.68%	–
KMB	New	KIMBERLY-CLARK CORP	$3,478	–	25,194	–	0.63%	–
PYPL	New	PAYPAL HLDGS INC	$3,264	–	48,909	–	0.59%	–
SYF	New	SYNCHRONY FINANCIAL	$3,117	–	91,891	–	0.56%	–
PEP	New	PEPSICO INC	$2,604	–	14,061	–	0.47%	–
FHI	New	FEDERATED HERMES INCcl b	$2,548	–	71,058	–	0.46%	–
DOW	New	DOW INC	$2,427	–	45,572	–	0.44%	–
BKNG	New	BOOKING HOLDINGS INC	$2,384	–	883	–	0.43%	–
LOW	New	LOWES COS INC	$2,334	–	10,343	–	0.42%	–
ABT	New	ABBOTT LABS	$2,297	–	21,072	–	0.41%	–
PPL	New	PPL CORP	$2,244	–	84,829	–	0.40%	–
	New	CONSENSUS CLOUD SOLUTIONS IN	$2,217	–	71,517	–	0.40%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,182	–	21,898	–	0.39%	–
EAF	New	GRAFTECH INTL LTD	$2,166	–	429,848	–	0.39%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$2,070	–	9,397	–	0.37%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$2,074	–	36,989	–	0.37%	–
FLO	New	FLOWERS FOODS INC	$1,947	–	78,269	–	0.35%	–
IVV	New	ISHARES TRcore s&p500 etf	$1,288	–	2,889	–	0.23%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$1,193	–	5,999	–	0.22%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETvan ftse dev mkt	$1,184	–	25,631	–	0.21%	–
AAPL	New	APPLE INC	$961	–	4,955	–	0.17%	–
	New	WESTPORT FUEL SYSTEMS INC	$903	–	117,766	–	0.16%	–
FREL	New	FIDELITY MSCI REAL ESTATE INDEmsci rl est etf	$713	–	28,410	–	0.13%	–
CBFV	New	CB FINANCIAL SERVICES INC	$696	–	33,642	–	0.12%	–
PNC	New	PNC FINL SVCS GROUP INC	$584	–	4,639	–	0.10%	–
XOM	New	EXXON MOBIL CORP	$537	–	5,003	–	0.10%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$450	–	2,045	–	0.08%	–
VLUE	New	ISHARES TRmsci usa value	$438	–	4,665	–	0.08%	–
PPG	New	PPG INDS INC	$357	–	2,407	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$339	–	2,330	–	0.06%	–
IWF	New	ISHARES TRrus 1000 grw etf	$335	–	1,217	–	0.06%	–
CVX	New	CHEVRON CORP NEW	$321	–	2,039	–	0.06%	–
BK	New	BANK NEW YORK MELLON CORP	$318	–	7,150	–	0.06%	–
SBUX	New	STARBUCKS CORP	$297	–	2,995	–	0.05%	–
JNJ	New	JOHNSON & JOHNSON	$291	–	1,758	–	0.05%	–
BA	New	BOEING CO	$262	–	1,241	–	0.05%	–
USMV	New	ISHARES TRmsci usa min vol	$259	–	3,490	–	0.05%	–
IWD	New	ISHARES TRrus 1000 val etf	$226	–	1,430	–	0.04%	–
PG	New	PROCTER AND GAMBLE CO	$223	–	1,471	–	0.04%	–
DMLP	New	DORCHESTER MINERALS LP	$219	–	7,300	–	0.04%	–
ROK	New	ROCKWELL AUTOMATION INC	$214	–	650	–	0.04%	–
NFG	New	NATIONAL FUEL GAS CO	$214	–	4,158	–	0.04%	–
SPHD	New	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$206	–	4,991	–	0.04%	–
V	New	VISA INC	$206	–	864	–	0.04%	–
NEE	New	NEXTERA ENERGY INC	$207	–	2,783	–	0.04%	–
UNP	New	UNION PAC CORP	$204	–	1,001	–	0.04%	–
HD	New	HOME DEPOT INC	$201	–	646	–	0.04%	–
VWO	New	VANGUARD FTSE EMERGING MARKETSftse emr mkt etf	$192	–	4,734	–	0.04%	–
CCNE	New	CNB FINL CORP PA COM	$65	–	3,658	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
SNGX	Exit	SOLIGENIX INC	$0	–	-38,168	–	-0.00%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-40,000	–	-0.01%	–
SRNE	Exit	SORRENTO THERAPEUTICS INC	$0	–	-38,853	–	-0.01%	–
CCNE	Exit	CNB FINANCIAL CORP/PA	$0	–	-3,658	–	-0.02%	–
SCHP	Exit	SCHWAB U.S. TIPS ETF	$0	–	-3,584	–	-0.04%	–
SPHD	Exit	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$0	–	-5,349	–	-0.04%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-7,153	–	-0.04%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,992	–	-0.04%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,041	–	-0.04%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.04%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-3,665	–	-0.05%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-1,217	–	-0.05%	–
AON	Exit	AON PLC	$0	–	-949	–	-0.05%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,058	–	-0.05%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-1,630	–	-0.05%	–
PPG	Exit	PPG INDS INC	$0	–	-2,407	–	-0.05%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-7,200	–	-0.05%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-2,652	–	-0.05%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,027	–	-0.06%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-1,404	–	-0.06%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,877	–	-0.06%	–
V	Exit	VISA INC	$0	–	-1,903	–	-0.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,263	–	-0.07%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-2,143	–	-0.07%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-3,585	–	-0.07%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-5,858	–	-0.07%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,047	–	-0.07%	–
VLUE	Exit	ISHARES TRmsci usa value	$0	–	-4,846	–	-0.08%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-7,701	–	-0.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-2,244	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,518	–	-0.09%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKEftse emr mkt etf	$0	–	-13,157	–	-0.09%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-6,498	–	-0.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,876	–	-0.12%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-4,664	–	-0.14%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-33,642	–	-0.14%	–
AAPL	Exit	APPLE INC	$0	–	-7,045	–	-0.19%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-5,999	–	-0.20%	–
VEA	Exit	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$0	–	-38,361	–	-0.27%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-895	–	-0.28%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-9,397	–	-0.32%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-36,989	–	-0.33%	–
WPRT	Exit	WESTPORT FUEL SYSTEMS INC	$0	–	-2,047,925	–	-0.34%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-247,431	–	-0.35%	–
LOW	Exit	LOWES COS INC	$0	–	-10,357	–	-0.38%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-71,288	–	-0.38%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-23,620	–	-0.40%	–
DOW	Exit	DOW INC	$0	–	-48,102	–	-0.41%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-91,659	–	-0.44%	–
EAF	Exit	GRAFTECH INTL LTD	$0	–	-527,296	–	-0.44%	–
PPL	Exit	PPL CORP	$0	–	-91,146	–	-0.45%	–
ABT	Exit	ABBOTT LABS	$0	–	-24,670	–	-0.46%	–
FHI	Exit	FEDERATED HERMES INCcl b	$0	–	-78,486	–	-0.50%	–
PEP	Exit	PEPSICO INC	$0	–	-16,004	–	-0.50%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-94,126	–	-0.51%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-25,935	–	-0.56%	–
	Exit	CONSENSUS CLOUD SOLUTIONS IN	$0	–	-73,727	–	-0.67%	–
OKE	Exit	ONEOK INC NEW	$0	–	-72,768	–	-0.72%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-53,237	–	-0.72%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-222,217	–	-0.72%	–
INTC	Exit	INTEL CORP	$0	–	-149,177	–	-0.74%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-46,115	–	-0.77%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-105,503	–	-0.77%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-142,482	–	-0.85%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-117,986	–	-0.92%	–
SJM	Exit	SMUCKER J M CO	$0	–	-34,875	–	-0.92%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-13,796	–	-0.96%	–
WNC	Exit	WABASH NATL CORP	$0	–	-321,411	–	-0.96%	–
F	Exit	FORD MTR CO DEL	$0	–	-500,378	–	-1.08%	–
LDOS	Exit	LEIDOS HOLDINGS INC	$0	–	-65,498	–	-1.11%	–
AX	Exit	AXOS FINANCIAL INC	$0	–	-172,523	–	-1.14%	–
JCOM	Exit	ZIFF DAVIS INC	$0	–	-86,982	–	-1.15%	–
PRAA	Exit	PRA GROUP INC	$0	–	-186,825	–	-1.18%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-57,715	–	-1.25%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-1,042,808	–	-1.38%	–
CARG	Exit	CARGURUS INC	$0	–	-511,243	–	-1.40%	–
FMC	Exit	FMC CORP	$0	–	-69,988	–	-1.43%	–
HTGC	Exit	HERCULES CAPITAL INC	$0	–	-641,010	–	-1.43%	–
FL	Exit	FOOT LOCKER INC	$0	–	-242,482	–	-1.46%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-33,113	–	-1.49%	–
SNX	Exit	TD SYNNEX CORPORATION	$0	–	-95,412	–	-1.50%	–
LAD	Exit	LITHIA MTRS INC	$0	–	-36,107	–	-1.50%	–
WDC	Exit	WESTERN DIGITAL CORP.	$0	–	-239,058	–	-1.50%	–
KFRC	Exit	KFORCE INC	$0	–	-133,562	–	-1.51%	–
PII	Exit	POLARIS INC	$0	–	-83,658	–	-1.54%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-15,927	–	-1.55%	–
CMI	Exit	CUMMINS INC	$0	–	-39,610	–	-1.56%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS IN	$0	–	-832,415	–	-1.56%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-97,030	–	-1.60%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-31,617	–	-1.63%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-205,638	–	-1.68%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-349,456	–	-1.73%	–
TTEK	Exit	TETRA TECH INC NEW	$0	–	-74,650	–	-1.85%	–
FFIV	Exit	F5 INC	$0	–	-69,761	–	-1.95%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-152,840	–	-1.96%	–
SUPN	Exit	SUPERNUS PHARMACEUTICALS INC	$0	–	-301,226	–	-1.97%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-76,647	–	-2.00%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-31,612	–	-2.00%	–
FLEX	Exit	FLEX LTDord	$0	–	-624,309	–	-2.01%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-67,797	–	-2.14%	–
FTNT	Exit	FORTINET INC	$0	–	-228,378	–	-2.17%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-51,416	–	-2.20%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-122,698	–	-2.28%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-77,272	–	-2.47%	–
AMSF	Exit	AMERISAFE INC	$0	–	-278,793	–	-2.52%	–
	Exit	CIVITAS RESOURCES INC	$0	–	-236,698	–	-2.62%	–
ABBV	Exit	ABBVIE INC	$0	–	-101,539	–	-2.63%	–
AMN	Exit	AMN HEALTHCARE SVCS INC	$0	–	-130,166	–	-2.66%	–
ACM	Exit	AECOM	$0	–	-212,081	–	-2.80%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-153,180	–	-2.82%	–
STBA	Exit	S & T BANCORP INC	$0	–	-869,516	–	-4.92%	–

Q3 2022

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$25,486,000	+5.8%	869,516	-1.0%	4.92%	+16.2%
CVS	Sell	CVS HEALTH CORP	$14,609,000	-2.5%	153,180	-5.3%	2.82%	+7.1%
ACM	Sell	AECOM	$14,500,000	-2.5%	212,081	-7.0%	2.80%	+7.1%
AMN	Sell	AMN HEALTHCARE SVCS INC	$13,792,000	-11.9%	130,166	-8.7%	2.66%	-3.2%
ABBV	Sell	ABBVIE INC	$13,628,000	-14.6%	101,539	-2.6%	2.63%	-6.2%
	Sell	CIVITAS RESOURCES INC	$13,584,000	+8.2%	236,698	-1.4%	2.62%	+18.9%
AMSF	Sell	AMERISAFE INC	$13,028,000	-11.7%	278,793	-1.7%	2.52%	-2.9%
FCN	Sell	FTI CONSULTING INC	$12,805,000	-12.6%	77,272	-4.7%	2.47%	-4.0%
CF	Sell	CF INDS HLDGS INC	$11,809,000	+10.0%	122,698	-2.0%	2.28%	+20.9%
HII	Sell	HUNTINGTON INGALLS INDS INC	$11,389,000	-0.6%	51,416	-2.3%	2.20%	+9.2%
FTNT	Sell	FORTINET INC	$11,220,000	-19.3%	228,378	-7.1%	2.17%	-11.3%
PANW	Buy	PALO ALTO NETWORKS INC	$11,104,000	-4.8%	67,797	+187.1%	2.14%	+4.6%
FLEX	Sell	FLEX LTDord	$10,401,000	+12.1%	624,309	-2.7%	2.01%	+23.1%
VOO	Buy	VANGUARD INDEX FDS	$10,378,000	-4.5%	31,612	+0.9%	2.00%	+5.0%
ABC	Sell	AMERISOURCEBERGEN CORP	$10,373,000	-8.7%	76,647	-4.5%	2.00%	+0.4%
SUPN	Sell	SUPERNUS PHARMACEUTICALS INC	$10,197,000	+12.5%	301,226	-3.9%	1.97%	+23.6%
HURN	Sell	HURON CONSULTING GROUP INC	$10,126,000	-6.3%	152,840	-8.1%	1.96%	+2.9%
FFIV	Sell	F5 INC	$10,097,000	-6.4%	69,761	-1.0%	1.95%	+2.8%
TTEK	Sell	TETRA TECH INC NEW	$9,595,000	-7.1%	74,650	-1.3%	1.85%	+2.0%
CORT	Sell	CORCEPT THERAPEUTICS INC	$8,960,000	-24.4%	349,456	-29.9%	1.73%	-16.9%
THS	Sell	TREEHOUSE FOODS INC	$8,723,000	-1.9%	205,638	-3.3%	1.68%	+7.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$8,442,000	-3.0%	31,617	-0.8%	1.63%	+6.5%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$8,273,000	-8.0%	97,030	-0.0%	1.60%	+1.1%
AEO	Sell	AMERICAN EAGLE OUTFITTERS IN	$8,099,000	-14.0%	832,415	-1.1%	1.56%	-5.4%
CMI	Sell	CUMMINS INC	$8,061,000	+3.4%	39,610	-1.7%	1.56%	+13.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$8,044,000	-3.4%	15,927	-1.8%	1.55%	+6.2%
PII	Sell	POLARIS INC	$8,002,000	-5.9%	83,658	-2.3%	1.54%	+3.4%
KFRC	Buy	KFORCE INC	$7,833,000	+14.3%	133,562	+19.5%	1.51%	+25.5%
WDC	Sell	WESTERN DIGITAL CORP.	$7,781,000	-28.1%	239,058	-0.9%	1.50%	-21.0%
LAD	New	LITHIA MTRS INC	$7,747,000	–	36,107	–	1.50%	–
SNX	New	TD SYNNEX CORPORATION	$7,746,000	–	95,412	–	1.50%	–
MSFT	Sell	MICROSOFT CORP	$7,712,000	-15.8%	33,113	-7.1%	1.49%	-7.5%
FL	Sell	FOOT LOCKER INC	$7,548,000	+21.4%	242,482	-1.6%	1.46%	+33.3%
HTGC	Sell	HERCULES CAPITAL INC	$7,423,000	-15.4%	641,010	-1.5%	1.43%	-7.1%
FMC	Sell	FMC CORP	$7,398,000	-2.9%	69,988	-1.7%	1.43%	+6.6%
CARG	Sell	CARGURUS INC	$7,244,000	-36.1%	511,243	-3.2%	1.40%	-29.8%
AXL	Sell	AMERICAN AXLE & MFG HLDGS IN	$7,122,000	-13.4%	1,042,808	-4.5%	1.38%	-4.8%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$6,465,000	-8.6%	57,715	-0.6%	1.25%	+0.5%
PRAA	Sell	PRA GROUP INC	$6,139,000	-10.6%	186,825	-1.1%	1.18%	-1.8%
JCOM	Sell	ZIFF DAVIS INC	$5,957,000	-9.1%	86,982	-1.0%	1.15%	-0.1%
AX	Sell	AXOS FINANCIAL INC	$5,905,000	-6.1%	172,523	-1.6%	1.14%	+3.2%
LDOS	Sell	LEIDOS HOLDINGS INC	$5,729,000	-13.8%	65,498	-0.8%	1.11%	-5.4%
F	Sell	FORD MTR CO DEL	$5,605,000	-0.3%	500,378	-1.0%	1.08%	+9.5%
WNC	Sell	WABASH NATL CORP	$5,001,000	+9.0%	321,411	-4.9%	0.96%	+19.6%
SJM	Sell	SMUCKER J M CO	$4,793,000	+5.3%	34,875	-1.9%	0.92%	+15.6%
IDCC	Sell	INTERDIGITAL INC	$4,769,000	-33.8%	117,986	-0.4%	0.92%	-27.2%
LUV	Buy	SOUTHWEST AIRLS CO	$4,394,000	-14.6%	142,482	+0.1%	0.85%	-6.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,006,000	-25.7%	105,503	-0.7%	0.77%	-18.4%
PYPL	Buy	PAYPAL HLDGS INC	$3,969,000	+24.0%	46,115	+0.6%	0.77%	+36.3%
INTC	Buy	INTEL CORP	$3,845,000	-30.8%	149,177	+0.4%	0.74%	-24.0%
ARCC	Sell	ARES CAPITAL CORP	$3,751,000	-7.7%	222,217	-2.0%	0.72%	+1.4%
CL	Sell	COLGATE PALMOLIVE CO	$3,740,000	-18.9%	53,237	-7.5%	0.72%	-11.0%
OKE	Sell	ONEOK INC NEW	$3,728,000	-9.2%	72,768	-1.7%	0.72%	-0.3%
	Sell	CONSENSUS CLOUD SOLUTIONS IN	$3,487,000	+7.5%	73,727	-0.7%	0.67%	+18.1%
KMB	Sell	KIMBERLY-CLARK CORP	$2,919,000	-17.6%	25,935	-1.1%	0.56%	-9.5%
SYF	Sell	SYNCHRONY FINANCIAL	$2,653,000	+1.2%	94,126	-0.8%	0.51%	+11.1%
PEP	Sell	PEPSICO INC	$2,613,000	-15.6%	16,004	-13.8%	0.50%	-7.4%
FHI	Sell	FEDERATED HERMES INCcl b	$2,599,000	+3.4%	78,486	-0.7%	0.50%	+13.6%
ABT	Sell	ABBOTT LABS	$2,387,000	-21.3%	24,670	-11.7%	0.46%	-13.5%
PPL	Sell	PPL CORP	$2,310,000	-7.4%	91,146	-0.8%	0.45%	+1.8%
EAF	Sell	GRAFTECH INTL LTD	$2,273,000	-56.9%	527,296	-29.3%	0.44%	-52.6%
FLO	Sell	FLOWERS FOODS INC	$2,263,000	-17.6%	91,659	-12.1%	0.44%	-9.3%
DOW	Sell	DOW INC	$2,113,000	-17.0%	48,102	-2.5%	0.41%	-8.7%
IJR	Sell	ISHARES TRcore s&p scp etf	$2,059,000	-15.5%	23,620	-10.4%	0.40%	-7.0%
NLSN	Buy	NIELSEN HLDGS PLC	$1,976,000	+20.5%	71,288	+0.9%	0.38%	+32.3%
LOW	Sell	LOWES COS INC	$1,945,000	+7.4%	10,357	-0.1%	0.38%	+17.9%
LUMN	Sell	LUMEN TECHNOLOGIES INC	$1,801,000	-35.1%	247,431	-2.8%	0.35%	-28.7%
WPRT	Sell	WESTPORT FUEL SYSTEMS INC	$1,785,000	-22.4%	2,047,925	-10.1%	0.34%	-14.6%
BKNG	Buy	BOOKING HOLDINGS INC	$1,471,000	-5.1%	895	+1.0%	0.28%	+4.4%
AAPL	Sell	APPLE INC	$974,000	-38.2%	7,045	-38.8%	0.19%	-32.1%
PNC	Sell	PNC FINL SVCS GROUP INC	$697,000	-31.8%	4,664	-28.0%	0.14%	-25.0%
JNJ	Sell	JOHNSON & JOHNSON	$633,000	-51.5%	3,876	-47.3%	0.12%	-46.7%
NEE	Sell	NEXTERA ENERGY INC	$509,000	-42.4%	6,498	-43.0%	0.10%	-36.8%
XOM	Sell	EXXON MOBIL CORP	$482,000	-26.5%	5,518	-27.9%	0.09%	-19.1%
VWO	Sell	VANGUARD FTSE EMERGING MARKEftse emr mkt etf	$480,000	-12.6%	13,157	-0.3%	0.09%	-3.1%
UNP	Sell	UNION PAC CORP	$437,000	-62.5%	2,244	-59.0%	0.08%	-59.0%
VLUE	Sell	ISHARES TRmsci usa value	$397,000	-25.9%	4,846	-18.1%	0.08%	-18.1%
NVO	Sell	NOVO-NORDISK A Sadr	$357,000	-46.0%	3,585	-39.6%	0.07%	-40.5%
HD	Sell	HOME DEPOT INC	$348,000	-60.0%	1,263	-60.2%	0.07%	-56.2%
V	Sell	VISA INC	$338,000	-60.6%	1,903	-56.3%	0.06%	-57.0%
ITW	Sell	ILLINOIS TOOL WKS INC	$339,000	-56.6%	1,877	-56.3%	0.06%	-52.6%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$317,000	-56.6%	1,404	-59.6%	0.06%	-52.3%
CVX	Sell	CHEVRON CORP NEW	$291,000	-32.0%	2,027	-31.5%	0.06%	-25.3%
JPM	Sell	JPMORGAN CHASE & CO	$277,000	-52.0%	2,652	-48.3%	0.05%	-47.5%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$263,000	-66.5%	1,630	-62.1%	0.05%	-63.0%
AON	Sell	AON PLC	$254,000	-69.8%	949	-69.5%	0.05%	-66.9%
USMV	Sell	ISHARES TRmsci usa min vol	$242,000	-16.6%	3,665	-11.4%	0.05%	-7.8%
BDX	Sell	BECTON DICKINSON & CO	$232,000	-65.7%	1,041	-62.0%	0.04%	-62.2%
QCOM	Sell	QUALCOMM INC	$225,000	-59.2%	1,992	-53.7%	0.04%	-55.7%
BAC	Sell	BK OF AMERICA CORP	$217,000	-69.0%	7,153	-68.2%	0.04%	-65.9%
SPHD	Sell	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$209,000	-13.6%	5,349	-2.4%	0.04%	-7.0%
ORCL	Exit	ORACLE CORP	$0	–	-2,963	–	-0.04%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-1,430	–	-0.04%	–
BA	Exit	BOEING CO	$0	–	-1,573	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,280	–	-0.04%	–
KMX	Exit	CARMAX INC	$0	–	-2,450	–	-0.04%	–
MTUM	Exit	ISHARES TRmsci usa mmentm	$0	–	-1,975	–	-0.05%	–
CSL	Exit	CARLISLE COS INC	$0	–	-1,208	–	-0.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-2,071	–	-0.05%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GRP IN	$0	–	-4,778	–	-0.05%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,968	–	-0.06%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,039	–	-0.07%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,545	–	-0.08%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-6,890	–	-0.10%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,632	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-16,046	–	-0.11%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-325,797	–	-1.94%	–

Q2 2022

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$24,089,000	–	878,218	–	4.23%	–
ABBV	New	ABBVIE INC	$15,965,000	–	104,240	–	2.80%	–
AMN	New	AMN HEALTHCARE SVCS INC	$15,648,000	–	142,631	–	2.75%	–
CVS	New	CVS HEALTH CORP	$14,987,000	–	161,745	–	2.63%	–
ACM	New	AECOM	$14,869,000	–	227,984	–	2.61%	–
AMSF	New	AMERISAFE INC	$14,747,000	–	283,529	–	2.59%	–
FCN	New	FTI CONSULTING INC	$14,657,000	–	81,044	–	2.58%	–
FTNT	New	FORTINET INC	$13,904,000	–	245,744	–	2.44%	–
	New	CIVITAS RESOURCES INC	$12,554,000	–	240,085	–	2.21%	–
CORT	New	CORCEPT THERAPEUTICS INC	$11,855,000	–	498,539	–	2.08%	–
PANW	New	PALO ALTO NETWORKS INC	$11,664,000	–	23,614	–	2.05%	–
HII	New	HUNTINGTON INGALLS INDS INC	$11,458,000	–	52,604	–	2.01%	–
ABC	New	AMERISOURCEBERGEN CORP	$11,358,000	–	80,277	–	2.00%	–
CARG	New	CARGURUS INC	$11,344,000	–	527,880	–	1.99%	–
NTCT	New	NETSCOUT SYS INC	$11,028,000	–	325,797	–	1.94%	–
VOO	New	VANGUARD INDEX FDS	$10,862,000	–	31,315	–	1.91%	–
WDC	New	WESTERN DIGITAL CORP.	$10,818,000	–	241,301	–	1.90%	–
HURN	New	HURON CONSULTING GROUP INC	$10,804,000	–	166,240	–	1.90%	–
FFIV	New	F5 INC	$10,786,000	–	70,475	–	1.90%	–
CF	New	CF INDS HLDGS INC	$10,731,000	–	125,174	–	1.89%	–
TTEK	New	TETRA TECH INC NEW	$10,327,000	–	75,623	–	1.82%	–
AEO	New	AMERICAN EAGLE OUTFITTERS IN	$9,414,000	–	842,037	–	1.65%	–
FLEX	New	FLEX LTDord	$9,281,000	–	641,436	–	1.63%	–
MSFT	New	MICROSOFT CORP	$9,157,000	–	35,657	–	1.61%	–
SUPN	New	SUPERNUS PHARMACEUTICALS INC	$9,063,000	–	313,390	–	1.59%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$8,990,000	–	97,036	–	1.58%	–
THS	New	TREEHOUSE FOODS INC	$8,894,000	–	212,671	–	1.56%	–
HTGC	New	HERCULES CAPITAL INC	$8,777,000	–	650,643	–	1.54%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$8,705,000	–	31,884	–	1.53%	–
PII	New	POLARIS INC	$8,502,000	–	85,640	–	1.49%	–
UNH	New	UNITEDHEALTH GROUP INC	$8,326,000	–	16,211	–	1.46%	–
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$8,225,000	–	1,092,258	–	1.44%	–
CMI	New	CUMMINS INC	$7,799,000	–	40,299	–	1.37%	–
FMC	New	FMC CORP	$7,619,000	–	71,201	–	1.34%	–
IDCC	New	INTERDIGITAL INC	$7,199,000	–	118,415	–	1.26%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$7,070,000	–	58,052	–	1.24%	–
PRAA	New	PRA GROUP INC	$6,868,000	–	188,883	–	1.21%	–
KFRC	New	KFORCE INC	$6,856,000	–	111,772	–	1.20%	–
LDOS	New	LEIDOS HOLDINGS INC	$6,650,000	–	66,028	–	1.17%	–
JCOM	New	ZIFF DAVIS INC	$6,550,000	–	87,883	–	1.15%	–
AX	New	AXOS FINANCIAL INC	$6,286,000	–	175,337	–	1.10%	–
FL	New	FOOT LOCKER INC	$6,219,000	–	246,308	–	1.09%	–
F	New	FORD MTR CO DEL	$5,623,000	–	505,219	–	0.99%	–
INTC	New	INTEL CORP	$5,556,000	–	148,510	–	0.98%	–
VZ	New	VERIZON COMMUNICATIONS INC	$5,391,000	–	106,231	–	0.95%	–
EAF	New	GRAFTECH INTL LTD	$5,271,000	–	745,441	–	0.93%	–
IVV	New	ISHARES TRcore s&p500 etf	$5,231,000	–	13,796	–	0.92%	–
LUV	New	SOUTHWEST AIRLS CO	$5,143,000	–	142,394	–	0.90%	–
CL	New	COLGATE PALMOLIVE CO	$4,614,000	–	57,578	–	0.81%	–
WNC	New	WABASH NATL CORP	$4,590,000	–	337,991	–	0.81%	–
SJM	New	SMUCKER J M CO	$4,550,000	–	35,544	–	0.80%	–
OKE	New	ONEOK INC NEW	$4,107,000	–	73,998	–	0.72%	–
ARCC	New	ARES CAPITAL CORP	$4,064,000	–	226,664	–	0.71%	–
KMB	New	KIMBERLY-CLARK CORP	$3,543,000	–	26,216	–	0.62%	–
	New	CONSENSUS CLOUD SOLUTIONS IN	$3,244,000	–	74,266	–	0.57%	–
PYPL	New	PAYPAL HLDGS INC	$3,200,000	–	45,818	–	0.56%	–
PEP	New	PEPSICO INC	$3,095,000	–	18,575	–	0.54%	–
ABT	New	ABBOTT LABS	$3,034,000	–	27,926	–	0.53%	–
LUMN	New	LUMEN TECHNOLOGIES INC	$2,777,000	–	254,528	–	0.49%	–
FLO	New	FLOWERS FOODS INC	$2,745,000	–	104,266	–	0.48%	–
SYF	New	SYNCHRONY FINANCIAL	$2,621,000	–	94,909	–	0.46%	–
DOW	New	DOW INC	$2,545,000	–	49,315	–	0.45%	–
FHI	New	FEDERATED HERMES INCcl b	$2,513,000	–	79,052	–	0.44%	–
PPL	New	PPL CORP	$2,494,000	–	91,902	–	0.44%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,436,000	–	26,361	–	0.43%	–
WPRT	New	WESTPORT FUEL SYSTEMS INC	$2,300,000	–	2,277,306	–	0.40%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$1,909,000	–	36,989	–	0.34%	–
LOW	New	LOWES COS INC	$1,811,000	–	10,370	–	0.32%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,772,000	–	9,397	–	0.31%	–
NLSN	New	NIELSEN HLDGS PLC	$1,640,000	–	70,625	–	0.29%	–
AAPL	New	APPLE INC	$1,575,000	–	11,520	–	0.28%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$1,565,000	–	38,361	–	0.28%	–
BKNG	New	BOOKING HOLDINGS INC	$1,550,000	–	886	–	0.27%	–
JNJ	New	JOHNSON & JOHNSON	$1,306,000	–	7,361	–	0.23%	–
UNP	New	UNION PAC CORP	$1,166,000	–	5,469	–	0.20%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$1,056,000	–	5,999	–	0.19%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,022,000	–	6,479	–	0.18%	–
NEE	New	NEXTERA ENERGY INC	$884,000	–	11,408	–	0.16%	–
HD	New	HOME DEPOT INC	$871,000	–	3,176	–	0.15%	–
V	New	VISA INC	$857,000	–	4,354	–	0.15%	–
AON	New	AON PLC	$840,000	–	3,116	–	0.15%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$785,000	–	4,300	–	0.14%	–
ITW	New	ILLINOIS TOOL WKS INC	$782,000	–	4,292	–	0.14%	–
CBFV	New	CB FINANCIAL SERVICES INC	$769,000	–	33,642	–	0.14%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$731,000	–	3,479	–	0.13%	–
BAC	New	BK OF AMERICA CORP	$701,000	–	22,515	–	0.12%	–
BDX	New	BECTON DICKINSON & CO	$676,000	–	2,743	–	0.12%	–
NVO	New	NOVO-NORDISK A Sadr	$661,000	–	5,935	–	0.12%	–
XOM	New	EXXON MOBIL CORP	$656,000	–	7,656	–	0.12%	–
CMCSA	New	COMCAST CORP NEWcl a	$630,000	–	16,046	–	0.11%	–
HON	New	HONEYWELL INTL INC	$632,000	–	3,632	–	0.11%	–
MKC	New	MCCORMICK & CO INC	$573,000	–	6,890	–	0.10%	–
JPM	New	JPMORGAN CHASE & CO	$577,000	–	5,132	–	0.10%	–
QCOM	New	QUALCOMM INC	$551,000	–	4,307	–	0.10%	–
VWO	New	VANGUARD FTSE EMERGING MARKEftse emr mkt etf	$549,000	–	13,191	–	0.10%	–
VLUE	New	ISHARES TRmsci usa value	$536,000	–	5,917	–	0.09%	–
EFA	New	ISHARES TRmsci eafe etf	$481,000	–	7,701	–	0.08%	–
GS	New	GOLDMAN SACHS GROUP INC	$459,000	–	1,545	–	0.08%	–
CVX	New	CHEVRON CORP NEW	$428,000	–	2,957	–	0.08%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$403,000	–	2,047	–	0.07%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$392,000	–	1,039	–	0.07%	–
NFG	New	NATIONAL FUEL GAS CO	$387,000	–	5,858	–	0.07%	–
MRK	New	MERCK & CO INC	$362,000	–	3,968	–	0.06%	–
IWM	New	ISHARES TRrussell 2000 etf	$363,000	–	2,143	–	0.06%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$302,000	–	4,778	–	0.05%	–
BK	New	BANK NEW YORK MELLON CORP	$300,000	–	7,200	–	0.05%	–
PG	New	PROCTER AND GAMBLE CO	$298,000	–	2,071	–	0.05%	–
USMV	New	ISHARES TRmsci usa min vol	$290,000	–	4,135	–	0.05%	–
CSL	New	CARLISLE COS INC	$288,000	–	1,208	–	0.05%	–
PPG	New	PPG INDS INC	$275,000	–	2,407	–	0.05%	–
IWF	New	ISHARES TRrus 1000 grw etf	$266,000	–	1,217	–	0.05%	–
MTUM	New	ISHARES TRmsci usa mmentm	$269,000	–	1,975	–	0.05%	–
SPHD	New	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$242,000	–	5,480	–	0.04%	–
WVFC	New	WVS FINANCIAL CORP	$246,000	–	16,500	–	0.04%	–
SBUX	New	STARBUCKS CORP	$234,000	–	3,058	–	0.04%	–
KMX	New	CARMAX INC	$222,000	–	2,450	–	0.04%	–
BA	New	BOEING CO	$215,000	–	1,573	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$217,000	–	2,280	–	0.04%	–
ORCL	New	ORACLE CORP	$207,000	–	2,963	–	0.04%	–
IWD	New	ISHARES TRrus 1000 val etf	$207,000	–	1,430	–	0.04%	–
SCHP	New	SCHWAB U.S. TIPS ETFus tips etf	$199,000	–	3,584	–	0.04%	–
CCNE	New	CNB FINANCIAL CORP/PA	$88,000	–	3,658	–	0.02%	–
SRNE	New	SORRENTO THERAPEUTICS INC	$78,000	–	38,853	–	0.01%	–
CLVS	New	CLOVIS ONCOLOGY INC	$72,000	–	40,000	–	0.01%	–
ASRV	New	AMERISERV FINL INC	$39,000	–	10,000	–	0.01%	–
SNGX	New	SOLIGENIX INC	$23,000	–	38,168	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
SNGX	Exit	SOLIGENIX INC	$0	–	-38,168	–	-0.01%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
CCNE	Exit	CNB FINANCIAL CORP/PA	$0	–	-3,658	–	-0.01%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-20,000	–	-0.01%	–
TERN	Exit	TERNS PHARMACEUTICALS INC	$0	–	-10,000	–	-0.02%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-150	–	-0.03%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-1,430	–	-0.04%	–
SCHP	Exit	SCHWAB U.S. TIPS ETFus tips etf	$0	–	-3,584	–	-0.04%	–
SPHD	Exit	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$0	–	-5,719	–	-0.04%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-3,208	–	-0.04%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.04%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GRP IN	$0	–	-4,928	–	-0.05%	–
SRNE	Exit	SORRENTO THERAPEUTICS INC	$0	–	-38,853	–	-0.05%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,924	–	-0.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-2,164	–	-0.05%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-5,858	–	-0.05%	–
KMX	Exit	CARMAX INC	$0	–	-2,450	–	-0.05%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,160	–	-0.05%	–
T	Exit	AT&T INC	$0	–	-12,421	–	-0.05%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-1,217	–	-0.05%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,116	–	-0.05%	–
CSL	Exit	CARLISLE COS INC	$0	–	-1,716	–	-0.05%	–
PPG	Exit	PPG INDS INC	$0	–	-2,407	–	-0.05%	–
BA	Exit	BOEING CO	$0	–	-1,573	–	-0.05%	–
EMLP	Exit	FIRST TR EXCHANGE-TRADED FDno amer energy	$0	–	-16,791	–	-0.06%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-8,131	–	-0.06%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-2,095	–	-0.07%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,104	–	-0.07%	–
QUAL	Exit	ISHARES TRmsci usa qlt fct	$0	–	-3,818	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,806	–	-0.08%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,307	–	-0.09%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-6,964	–	-0.09%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-5,935	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,545	–	-0.09%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,724	–	-0.09%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-7,509	–	-0.09%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-18,423	–	-0.09%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,520	–	-0.09%	–
MTUM	Exit	ISHARES TRmsci usa mmentm	$0	–	-3,483	–	-0.10%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-8,769	–	-0.10%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKEftse emr mkt etf	$0	–	-13,487	–	-0.10%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,785	–	-0.11%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,528	–	-0.11%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-4,113	–	-0.12%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-33,642	–	-0.12%	–
VLUE	Exit	ISHARES TRmsci usa value	$0	–	-8,072	–	-0.13%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,320	–	-0.14%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-4,292	–	-0.14%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-11,408	–	-0.14%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-16,656	–	-0.14%	–
V	Exit	VISA INC	$0	–	-4,426	–	-0.15%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-23,950	–	-0.16%	–
UNP	Exit	UNION PAC CORP	$0	–	-5,549	–	-0.17%	–
AON	Exit	AON PLC	$0	–	-3,895	–	-0.17%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,672	–	-0.19%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-64,523	–	-0.19%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,841	–	-0.20%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-6,564	–	-0.20%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-5,999	–	-0.20%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-38,370	–	-0.30%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-827	–	-0.30%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-9,397	–	-0.32%	–
LOW	Exit	LOWES COS INC	$0	–	-10,336	–	-0.32%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-38,804	–	-0.33%	–
AAPL	Exit	APPLE INC	$0	–	-15,244	–	-0.33%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-36,989	–	-0.36%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-100,542	–	-0.37%	–
PPL	Exit	PPL CORP	$0	–	-87,485	–	-0.38%	–
FHI	Exit	FEDERATED HERMES INCcl b	$0	–	-77,089	–	-0.39%	–
PEP	Exit	PEPSICO INC	$0	–	-18,568	–	-0.43%	–
DOW	Exit	DOW INC	$0	–	-49,377	–	-0.44%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-26,105	–	-0.44%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-249,352	–	-0.48%	–
ABT	Exit	ABBOTT LABS	$0	–	-27,091	–	-0.50%	–
F	Exit	FORD MTR CO DEL	$0	–	-254,389	–	-0.56%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-27,567	–	-0.57%	–
STMP	Exit	STAMPS COM INC	$0	–	-12,308	–	-0.63%	–
SJM	Exit	SMUCKER J M CO	$0	–	-34,548	–	-0.64%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-56,371	–	-0.66%	–
OKE	Exit	ONEOK INC NEW	$0	–	-73,870	–	-0.66%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-220,440	–	-0.69%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-102,611	–	-0.78%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-93,062	–	-0.78%	–
WPRT	Exit	WESTPORT FUEL SYSTEMS INC	$0	–	-1,660,286	–	-0.85%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-14,224	–	-0.95%	–
EAF	Exit	GRAFTECH INTL LTD	$0	–	-611,976	–	-0.98%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-56,926	–	-1.00%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-16,926	–	-1.02%	–
FMC	Exit	FMC CORP	$0	–	-72,493	–	-1.03%	–
LDOS	Exit	LEIDOS HOLDINGS INC	$0	–	-70,512	–	-1.05%	–
FL	Exit	FOOT LOCKER INC	$0	–	-163,175	–	-1.15%	–
INTC	Exit	INTEL CORP	$0	–	-141,591	–	-1.17%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-149,421	–	-1.19%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-116,541	–	-1.22%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-200,253	–	-1.24%	–
PRAA	Exit	PRA GROUP INC	$0	–	-190,481	–	-1.24%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-159,959	–	-1.29%	–
SUPN	Exit	SUPERNUS PHARMACEUTICALS INC	$0	–	-316,098	–	-1.31%	–
CMI	Exit	CUMMINS INC	$0	–	-39,648	–	-1.38%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-32,649	–	-1.38%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-331,393	–	-1.38%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-1,040,172	–	-1.42%	–
PII	Exit	POLARIS INC	$0	–	-78,079	–	-1.45%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-485,376	–	-1.48%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-37,029	–	-1.49%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-81,290	–	-1.50%	–
AX	Exit	AXOS FINANCIAL INC	$0	–	-193,085	–	-1.54%	–
AJRD	Exit	AEROJET ROCKETDYNE HLDGS INC	$0	–	-232,372	–	-1.57%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-54,159	–	-1.62%	–
HTGC	Exit	HERCULES CAPITAL INC	$0	–	-639,795	–	-1.65%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-38,275	–	-1.67%	–
FLEX	Exit	FLEX LTDord	$0	–	-641,669	–	-1.76%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS IN	$0	–	-441,980	–	-1.77%	–
CARG	Exit	CARGURUS INC	$0	–	-371,387	–	-1.81%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-86,354	–	-1.81%	–
TTEK	Exit	TETRA TECH INC NEW	$0	–	-78,424	–	-1.82%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-88,411	–	-1.84%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-25,328	–	-1.88%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-31,600	–	-1.93%	–
ABBV	Exit	ABBVIE INC	$0	–	-115,842	–	-1.94%	–
WDC	Exit	WESTERN DIGITAL CORP.	$0	–	-244,046	–	-2.13%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-165,030	–	-2.17%	–
AMSF	Exit	AMERISAFE INC	$0	–	-253,122	–	-2.20%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-71,690	–	-2.21%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-92,764	–	-2.37%	–
ACM	Exit	AECOM	$0	–	-251,311	–	-2.46%	–
FTNT	Exit	FORTINET INC	$0	–	-57,334	–	-2.59%	–
AMN	Exit	AMN HEALTHCARE SVCS INC	$0	–	-159,483	–	-2.84%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-358,169	–	-3.10%	–
MDP	Exit	MEREDITH CORP	$0	–	-456,454	–	-3.94%	–
STBA	Exit	S & T BANCORP INC	$0	–	-965,236	–	-4.41%	–

Q3 2021

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$28,446,000	-14.8%	965,236	-9.5%	4.41%	-15.0%
MDP	Sell	MEREDITH CORP	$25,424,000	+23.7%	456,454	-3.5%	3.94%	+23.5%
CF	Buy	CF INDS HLDGS INC	$19,993,000	+14.2%	358,169	+5.2%	3.10%	+14.0%
AMN	Sell	AMN HEALTHCARE SVCS INC	$18,301,000	+12.5%	159,483	-4.9%	2.84%	+12.3%
FTNT	Sell	FORTINET INC	$16,744,000	+14.1%	57,334	-6.9%	2.59%	+13.9%
ACM	Sell	AECOM	$15,870,000	-4.5%	251,311	-4.2%	2.46%	-4.7%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$15,285,000	-12.2%	92,764	+2.2%	2.37%	-12.4%
FFIV	Buy	F5 NETWORKS INC	$14,250,000	+10.6%	71,690	+3.9%	2.21%	+10.4%
AMSF	Buy	AMERISAFE INC	$14,215,000	-5.1%	253,122	+0.9%	2.20%	-5.2%
CVS	Buy	CVS HEALTH CORP	$14,005,000	+28.9%	165,030	+26.8%	2.17%	+28.7%
WDC	Buy	WESTERN DIGITAL CORP.	$13,774,000	-17.7%	244,046	+3.7%	2.13%	-17.9%
ABBV	Buy	ABBVIE INC	$12,496,000	+3.1%	115,842	+7.6%	1.94%	+2.9%
VOO	Buy	VANGUARD INDEX FDS	$12,463,000	+0.7%	31,600	+0.5%	1.93%	+0.5%
PANW	Buy	PALO ALTO NETWORKS INC	$12,132,000	+38.1%	25,328	+7.0%	1.88%	+37.9%
FCN	Sell	FTI CONSULTING INC	$11,909,000	-4.2%	88,411	-2.8%	1.84%	-4.4%
TTEK	Sell	TETRA TECH INC NEW	$11,711,000	+19.5%	78,424	-2.4%	1.82%	+19.3%
JCOM	Sell	J2 GLOBAL INC	$11,687,000	-5.4%	86,354	-3.9%	1.81%	-5.6%
CARG	New	CARGURUS INC	$11,665,000	–	371,387	–	1.81%	–
AEO	Sell	AMERICAN EAGLE OUTFITTERS IN	$11,403,000	-34.0%	441,980	-4.0%	1.77%	-34.1%
FLEX	Sell	FLEX LTDord	$11,345,000	-3.4%	641,669	-2.3%	1.76%	-3.5%
MSFT	Buy	MICROSOFT CORP	$10,790,000	+11.8%	38,275	+7.4%	1.67%	+11.6%
HTGC	Sell	HERCULES CAPITAL INC	$10,627,000	-4.1%	639,795	-1.5%	1.65%	-4.2%
HII	Sell	HUNTINGTON INGALLS INDS INC	$10,456,000	-8.8%	54,159	-0.5%	1.62%	-9.0%
AJRD	Sell	AEROJET ROCKETDYNE HLDGS INC	$10,120,000	-10.0%	232,372	-0.2%	1.57%	-10.1%
AX	Sell	AXOS FINANCIAL INC	$9,952,000	+8.1%	193,085	-2.7%	1.54%	+7.9%
ABC	Buy	AMERISOURCEBERGEN CORP	$9,710,000	+19.1%	81,290	+14.1%	1.50%	+18.9%
PYPL	Buy	PAYPAL HLDGS INC	$9,635,000	-2.2%	37,029	+9.5%	1.49%	-2.4%
CORT	Sell	CORCEPT THERAPEUTICS INC	$9,552,000	-12.0%	485,376	-1.6%	1.48%	-12.2%
PII	Sell	POLARIS INC	$9,342,000	-13.6%	78,079	-1.1%	1.45%	-13.8%
AXL	Buy	AMERICAN AXLE & MFG HLDGS IN	$9,164,000	-14.6%	1,040,172	+0.3%	1.42%	-14.8%
NTCT	Sell	NETSCOUT SYS INC	$8,931,000	-7.4%	331,393	-1.9%	1.38%	-7.5%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$8,911,000	+12.7%	32,649	+14.7%	1.38%	+12.5%
CMI	Buy	CUMMINS INC	$8,903,000	-4.1%	39,648	+4.1%	1.38%	-4.4%
SUPN	Sell	SUPERNUS PHARMACEUTICALS INC	$8,430,000	-14.1%	316,098	-0.8%	1.31%	-14.2%
HURN	Buy	HURON CONSULTING GROUP INC	$8,317,000	+6.3%	159,959	+0.5%	1.29%	+6.2%
PRAA	Sell	PRA GROUP INC	$8,027,000	+7.9%	190,481	-1.5%	1.24%	+7.8%
THS	Buy	TREEHOUSE FOODS INC	$7,986,000	-9.3%	200,253	+1.3%	1.24%	-9.5%
IDCC	Sell	INTERDIGITAL INC	$7,903,000	-8.3%	116,541	-1.2%	1.22%	-8.4%
LUV	Buy	SOUTHWEST AIRLS CO	$7,684,000	+12.3%	149,421	+15.9%	1.19%	+12.1%
INTC	Buy	INTEL CORP	$7,544,000	+4.1%	141,591	+9.6%	1.17%	+3.9%
FL	Buy	FOOT LOCKER INC	$7,451,000	-14.5%	163,175	+15.4%	1.15%	-14.7%
LDOS	Buy	LEIDOS HOLDINGS INC	$6,778,000	+13.7%	70,512	+19.6%	1.05%	+13.5%
FMC	Buy	FMC CORP	$6,638,000	-15.3%	72,493	+0.1%	1.03%	-15.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$6,613,000	+15.5%	16,926	+18.4%	1.02%	+15.3%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$6,435,000	+4.9%	56,926	+7.8%	1.00%	+4.7%
EAF	Buy	GRAFTECH INTL LTD	$6,315,000	-10.5%	611,976	+0.8%	0.98%	-10.7%
IVV	Buy	ISHARES TRcore s&p500 etf	$6,128,000	+62.3%	14,224	+61.9%	0.95%	+61.9%
WPRT	Sell	WESTPORT FUEL SYSTEMS INC	$5,462,000	-38.1%	1,660,286	-0.1%	0.85%	-38.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$5,027,000	+12.7%	93,062	+16.9%	0.78%	+12.6%
SYF	Buy	SYNCHRONY FINANCIAL	$5,015,000	+17.9%	102,611	+17.0%	0.78%	+17.5%
ARCC	Buy	ARES CAPITAL CORP	$4,482,000	+19.5%	220,440	+15.1%	0.69%	+19.2%
OKE	New	ONEOK INC NEW	$4,283,000	–	73,870	–	0.66%	–
CL	Buy	COLGATE PALMOLIVE CO	$4,260,000	+19.6%	56,371	+28.8%	0.66%	+19.3%
SJM	Buy	SMUCKER J M CO	$4,147,000	+13.6%	34,548	+22.6%	0.64%	+13.4%
STMP	Sell	STAMPS COM INC	$4,059,000	-58.9%	12,308	-75.0%	0.63%	-59.0%
KMB	Buy	KIMBERLY-CLARK CORP	$3,651,000	+27.7%	27,567	+29.0%	0.57%	+27.5%
F	Buy	FORD MTR CO DEL	$3,602,000	-1.9%	254,389	+3.0%	0.56%	-2.1%
ABT	Buy	ABBOTT LABS	$3,200,000	+42.7%	27,091	+40.0%	0.50%	+42.5%
LUMN	Buy	LUMEN TECHNOLOGIES INC	$3,089,000	+22.3%	249,352	+34.2%	0.48%	+22.2%
IJR	Buy	ISHARES TRcore s&p scp etf	$2,851,000	+3.9%	26,105	+7.4%	0.44%	+3.8%
DOW	Buy	DOW INC	$2,842,000	-3.5%	49,377	+6.0%	0.44%	-3.7%
PEP	Buy	PEPSICO INC	$2,793,000	+7.2%	18,568	+5.6%	0.43%	+6.9%
FHI	Buy	FEDERATED HERMES INCcl b	$2,505,000	-3.2%	77,089	+1.0%	0.39%	-3.5%
PPL	Buy	PPL CORP	$2,439,000	+4.1%	87,485	+4.5%	0.38%	+3.8%
FLO	Buy	FLOWERS FOODS INC	$2,376,000	-0.3%	100,542	+2.1%	0.37%	-0.5%
AAPL	Sell	APPLE INC	$2,157,000	+2.3%	15,244	-1.0%	0.33%	+2.1%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$2,135,000	-77.3%	38,804	-77.5%	0.33%	-77.3%
LOW	Sell	LOWES COS INC	$2,097,000	-3.3%	10,336	-7.6%	0.32%	-3.6%
BKNG	Buy	BOOKING HOLDINGS INC	$1,963,000	+52.4%	827	+40.4%	0.30%	+52.0%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$1,937,000	-0.2%	38,370	+1.9%	0.30%	-0.3%
VB	Sell	VANGUARD INDEX FDSsmall cp etf	$1,312,000	-6.4%	5,999	-3.5%	0.20%	-6.5%
HD	Sell	HOME DEPOT INC	$1,261,000	-0.5%	3,841	-3.3%	0.20%	-1.0%
NLSN	Buy	NIELSEN HLDGS PLC	$1,238,000	+27.4%	64,523	+63.8%	0.19%	+27.2%
JNJ	Sell	JOHNSON & JOHNSON	$1,239,000	-2.0%	7,672	-0.0%	0.19%	-2.0%
UNP	Sell	UNION PAC CORP	$1,088,000	-11.5%	5,549	-0.8%	0.17%	-11.5%
V	Sell	VISA INC	$986,000	-5.3%	4,426	-0.6%	0.15%	-5.6%
CMCSA	Sell	COMCAST CORP NEWcl a	$932,000	-3.5%	16,656	-1.7%	0.14%	-4.0%
NEE	Sell	NEXTERA ENERGY INC	$896,000	+3.0%	11,408	-4.0%	0.14%	+3.0%
JPM	Buy	JPMORGAN CHASE & CO	$871,000	+7.9%	5,320	+2.5%	0.14%	+8.0%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$749,000	-7.2%	4,113	+5.9%	0.12%	-7.2%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$706,000	+4.3%	3,528	+3.5%	0.11%	+3.8%
BDX	Buy	BECTON DICKINSON & CO	$684,000	+3.8%	2,785	+2.7%	0.11%	+3.9%
VWO	Sell	VANGUARD FTSE EMERGING MARKEftse emr mkt etf	$674,000	-57.6%	13,487	-53.9%	0.10%	-57.9%
USMV	Sell	ISHARES TRmsci usa min vol	$645,000	-0.6%	8,769	-0.5%	0.10%	-1.0%
MTUM	Sell	ISHARES TRmsci usa mmentm	$612,000	-7.4%	3,483	-8.6%	0.10%	-7.8%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$596,000	-40.0%	2,520	-39.8%	0.09%	-40.3%
MYGN	Sell	MYRIAD GENETICS INC	$595,000	-48.5%	18,423	-51.2%	0.09%	-48.6%
EFA	Buy	ISHARES TRmsci eafe etf	$586,000	+72.9%	7,509	+75.1%	0.09%	+71.7%
HON	Buy	HONEYWELL INTL INC	$579,000	+0.3%	2,724	+3.6%	0.09%	0.0%
NVO	Sell	NOVO-NORDISK A Sadr	$570,000	+14.2%	5,935	-0.4%	0.09%	+14.3%
MKC	Buy	MCCORMICK & CO INC	$564,000	-5.4%	6,964	+3.3%	0.09%	-6.5%
QCOM	Sell	QUALCOMM INC	$556,000	-9.9%	4,307	-0.3%	0.09%	-10.4%
XOM	Sell	EXXON MOBIL CORP	$518,000	-17.3%	8,806	-11.3%	0.08%	-17.5%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$474,000	-15.7%	1,104	-15.9%	0.07%	-16.1%
IWM	Buy	ISHARES TRrussell 2000 etf	$458,000	+89.3%	2,095	+98.2%	0.07%	+86.8%
SBUX	Buy	STARBUCKS CORP	$344,000	+3.9%	3,116	+5.4%	0.05%	+3.9%
PPG	Sell	PPG INDS INC	$344,000	-16.5%	2,407	-0.7%	0.05%	-17.2%
T	Sell	AT&T INC	$336,000	-10.2%	12,421	-4.6%	0.05%	-10.3%
IWF	Sell	ISHARES TRrus 1000 grw etf	$334,000	-2.6%	1,217	-3.6%	0.05%	-1.9%
CVX	Buy	CHEVRON CORP NEW	$320,000	+0.3%	3,160	+3.7%	0.05%	0.0%
NFG	Sell	NATIONAL FUEL GAS CO	$308,000	-1.9%	5,858	-2.4%	0.05%	-2.0%
PG	Sell	PROCTER AND GAMBLE CO	$303,000	-5.0%	2,164	-8.5%	0.05%	-6.0%
PEG	Sell	PUBLIC SVC ENTERPRISE GRP IN	$300,000	+0.7%	4,928	-1.2%	0.05%	0.0%
MRK	Sell	MERCK & CO INC	$295,000	-4.2%	3,924	-0.8%	0.05%	-4.2%
SPHD	Sell	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$242,000	-16.6%	5,719	-13.0%	0.04%	-17.8%
IEFA	Sell	ISHARES TRcore msci eafe	$238,000	-50.5%	3,208	-50.0%	0.04%	-50.7%
IWD	Sell	ISHARES TRrus 1000 val etf	$224,000	-6.3%	1,430	-5.0%	0.04%	-5.4%
TERN	New	TERNS PHARMACEUTICALS INC	$104,000	–	10,000	–	0.02%	–
IDEX	Exit	IDEANOMICS INC	$0	–	-10,000	–	-0.00%	–
CAT	Exit	CATERPILLAR INC	$0	–	-999	–	-0.03%	–
MCD	Exit	MCDONALDS CORP	$0	–	-973	–	-0.04%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-30,239	–	-0.09%	–
FREL	Exit	FIDELITY REAL ESTATE ETFmsci rl est etf	$0	–	-28,887	–	-0.14%	–

Q2 2021

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$33,392,000	–	1,066,832	–	5.18%	–
MDP	New	MEREDITH CORP	$20,549,000	–	473,051	–	3.19%	–
CF	New	CF INDS HLDGS INC	$17,508,000	–	340,304	–	2.72%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$17,403,000	–	90,763	–	2.70%	–
AEO	New	AMERICAN EAGLE OUTFITTERS IN	$17,280,000	–	460,427	–	2.68%	–
WDC	New	WESTERN DIGITAL CORP.	$16,745,000	–	235,288	–	2.60%	–
ACM	New	AECOM	$16,618,000	–	262,441	–	2.58%	–
AMN	New	AMN HEALTHCARE SVCS INC	$16,264,000	–	167,704	–	2.52%	–
AMSF	New	AMERISAFE INC	$14,977,000	–	250,923	–	2.32%	–
FTNT	New	FORTINET INC	$14,674,000	–	61,606	–	2.28%	–
FFIV	New	F5 NETWORKS INC	$12,884,000	–	69,025	–	2.00%	–
FCN	New	FTI CONSULTING INC	$12,426,000	–	90,957	–	1.93%	–
VOO	New	VANGUARD INDEX FDS	$12,379,000	–	31,456	–	1.92%	–
JCOM	New	J2 GLOBAL INC	$12,356,000	–	89,835	–	1.92%	–
ABBV	New	ABBVIE INC	$12,124,000	–	107,636	–	1.88%	–
FLEX	New	FLEX LTDord	$11,740,000	–	656,946	–	1.82%	–
HII	New	HUNTINGTON INGALLS INDS INC	$11,469,000	–	54,425	–	1.78%	–
AJRD	New	AEROJET ROCKETDYNE HLDGS INC	$11,244,000	–	232,843	–	1.74%	–
HTGC	New	HERCULES CAPITAL INC	$11,076,000	–	649,241	–	1.72%	–
CVS	New	CVS HEALTH CORP	$10,862,000	–	130,182	–	1.69%	–
CORT	New	CORCEPT THERAPEUTICS INC	$10,855,000	–	493,414	–	1.68%	–
PII	New	POLARIS INC	$10,809,000	–	78,920	–	1.68%	–
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$10,730,000	–	1,036,683	–	1.67%	–
STMP	New	STAMPS COM INC	$9,874,000	–	49,302	–	1.53%	–
PYPL	New	PAYPAL HLDGS INC	$9,856,000	–	33,811	–	1.53%	–
SUPN	New	SUPERNUS PHARMACEUTICALS INC	$9,813,000	–	318,682	–	1.52%	–
TTEK	New	TETRA TECH INC NEW	$9,802,000	–	80,321	–	1.52%	–
MSFT	New	MICROSOFT CORP	$9,653,000	–	35,630	–	1.50%	–
NTCT	New	NETSCOUT SYS INC	$9,644,000	–	337,914	–	1.50%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$9,394,000	–	172,558	–	1.46%	–
CMI	New	CUMMINS INC	$9,287,000	–	38,092	–	1.44%	–
AX	New	AXOS FINANCIAL INC	$9,203,000	–	198,370	–	1.43%	–
WPRT	New	WESTPORT FUEL SYSTEMS INC	$8,825,000	–	1,662,004	–	1.37%	–
THS	New	TREEHOUSE FOODS INC	$8,805,000	–	197,774	–	1.37%	–
PANW	New	PALO ALTO NETWORKS INC	$8,783,000	–	23,671	–	1.36%	–
FL	New	FOOT LOCKER INC	$8,714,000	–	141,384	–	1.35%	–
IDCC	New	INTERDIGITAL INC	$8,615,000	–	117,962	–	1.34%	–
ABC	New	AMERISOURCEBERGEN CORP	$8,155,000	–	71,229	–	1.27%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$7,908,000	–	28,453	–	1.23%	–
FMC	New	FMC CORP	$7,839,000	–	72,448	–	1.22%	–
HURN	New	HURON CONSULTING GROUP INC	$7,822,000	–	159,143	–	1.21%	–
PRAA	New	PRA GROUP INC	$7,437,000	–	193,316	–	1.15%	–
INTC	New	INTEL CORP	$7,250,000	–	129,143	–	1.12%	–
EAF	New	GRAFTECH INTL LTD	$7,055,000	–	607,176	–	1.10%	–
LUV	New	SOUTHWEST AIRLS CO	$6,842,000	–	128,878	–	1.06%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$6,132,000	–	52,804	–	0.95%	–
LDOS	New	LEIDOS HOLDINGS INC	$5,962,000	–	58,977	–	0.92%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,727,000	–	14,301	–	0.89%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,460,000	–	79,600	–	0.69%	–
SYF	New	SYNCHRONY FINANCIAL	$4,255,000	–	87,712	–	0.66%	–
IVV	New	ISHARES TRcore s&p500 etf	$3,776,000	–	8,783	–	0.59%	–
ARCC	New	ARES CAPITAL CORP	$3,752,000	–	191,547	–	0.58%	–
F	New	FORD MTR CO DEL	$3,672,000	–	247,093	–	0.57%	–
SJM	New	SMUCKER J M CO	$3,652,000	–	28,184	–	0.57%	–
CL	New	COLGATE PALMOLIVE CO	$3,561,000	–	43,773	–	0.55%	–
DOW	New	DOW INC	$2,946,000	–	46,569	–	0.46%	–
KMB	New	KIMBERLY-CLARK CORP	$2,858,000	–	21,362	–	0.44%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,745,000	–	24,298	–	0.43%	–
PEP	New	PEPSICO INC	$2,606,000	–	17,588	–	0.40%	–
FHI	New	FEDERATED HERMES INCcl b	$2,589,000	–	76,356	–	0.40%	–
LUMN	New	LUMEN TECHNOLOGIES INC	$2,526,000	–	185,841	–	0.39%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$2,429,000	–	36,989	–	0.38%	–
FLO	New	FLOWERS FOODS INC	$2,383,000	–	98,481	–	0.37%	–
PPL	New	PPL CORP	$2,343,000	–	83,752	–	0.36%	–
ABT	New	ABBOTT LABS	$2,243,000	–	19,351	–	0.35%	–
LOW	New	LOWES COS INC	$2,169,000	–	11,182	–	0.34%	–
AAPL	New	APPLE INC	$2,108,000	–	15,392	–	0.33%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$2,094,000	–	9,397	–	0.32%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$1,940,000	–	37,659	–	0.30%	–
VWO	New	VANGUARD INTL EQUITY INDEXftse emr mkt etf	$1,590,000	–	29,285	–	0.25%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$1,401,000	–	6,218	–	0.22%	–
BKNG	New	BOOKING HOLDINGS INC	$1,288,000	–	589	–	0.20%	–
HD	New	HOME DEPOT INC	$1,267,000	–	3,973	–	0.20%	–
JNJ	New	JOHNSON & JOHNSON	$1,264,000	–	7,674	–	0.20%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,252,000	–	6,564	–	0.19%	–
UNP	New	UNION PAC CORP	$1,230,000	–	5,592	–	0.19%	–
MYGN	New	MYRIAD GENETICS INC	$1,155,000	–	37,762	–	0.18%	–
V	New	VISA INC	$1,041,000	–	4,453	–	0.16%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$994,000	–	4,186	–	0.15%	–
BAC	New	BK OF AMERICA CORP	$987,000	–	23,950	–	0.15%	–
NLSN	New	NIELSEN HLDGS PLC	$972,000	–	39,392	–	0.15%	–
CMCSA	New	COMCAST CORP NEWcl a	$966,000	–	16,948	–	0.15%	–
ITW	New	ILLINOIS TOOL WKS INC	$959,000	–	4,292	–	0.15%	–
AON	New	AON PLC	$930,000	–	3,895	–	0.14%	–
FREL	New	FIDELITY REAL ESTATE ETFmsci rl est etf	$879,000	–	28,887	–	0.14%	–
NEE	New	NEXTERA ENERGY INC	$870,000	–	11,878	–	0.14%	–
VLUE	New	ISHARES TRmsci usa value	$848,000	–	8,072	–	0.13%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$807,000	–	3,884	–	0.12%	–
JPM	New	JPMORGAN CHASE & CO	$807,000	–	5,188	–	0.12%	–
CBFV	New	CB FINANCIAL SERVICES INC	$745,000	–	33,642	–	0.12%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$677,000	–	3,409	–	0.10%	–
MTUM	New	ISHARES TRmsci usa mmentm	$661,000	–	3,810	–	0.10%	–
BDX	New	BECTON DICKINSON & CO	$659,000	–	2,711	–	0.10%	–
USMV	New	ISHARES TRmsci usa min vol	$649,000	–	8,814	–	0.10%	–
XOM	New	EXXON MOBIL CORP	$626,000	–	9,926	–	0.10%	–
QCOM	New	QUALCOMM INC	$617,000	–	4,318	–	0.10%	–
MKC	New	MCCORMICK & CO INC	$596,000	–	6,740	–	0.09%	–
GS	New	GOLDMAN SACHS GROUP INC	$586,000	–	1,545	–	0.09%	–
HON	New	HONEYWELL INTL INC	$577,000	–	2,630	–	0.09%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$560,000	–	30,239	–	0.09%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$562,000	–	1,313	–	0.09%	–
QUAL	New	ISHARES TRmsci usa qlt fct	$507,000	–	3,818	–	0.08%	–
NVO	New	NOVO-NORDISK A Sadr	$499,000	–	5,956	–	0.08%	–
IEFA	New	ISHARES TRcore msci eafe	$481,000	–	6,419	–	0.08%	–
BK	New	BANK NEW YORK MELLON CORP	$417,000	–	8,131	–	0.06%	–
PPG	New	PPG INDS INC	$412,000	–	2,424	–	0.06%	–
EMLP	New	FIRST TR EXCHANGE-TRADED FDno amer energy	$411,000	–	16,791	–	0.06%	–
BA	New	BOEING CO	$377,000	–	1,573	–	0.06%	–
T	New	AT&T INC	$374,000	–	13,021	–	0.06%	–
SRNE	New	SORRENTO THERAPEUTICS INC	$376,000	–	38,853	–	0.06%	–
IWF	New	ISHARES TRrus 1000 grw etf	$343,000	–	1,262	–	0.05%	–
EFA	New	ISHARES TRmsci eafe etf	$339,000	–	4,289	–	0.05%	–
SBUX	New	STARBUCKS CORP	$331,000	–	2,957	–	0.05%	–
CSL	New	CARLISLE COS INC	$328,000	–	1,716	–	0.05%	–
PG	New	PROCTER AND GAMBLE CO	$319,000	–	2,364	–	0.05%	–
CVX	New	CHEVRON CORP NEW	$319,000	–	3,048	–	0.05%	–
NFG	New	NATIONAL FUEL GAS CO	$314,000	–	6,000	–	0.05%	–
KMX	New	CARMAX INC	$316,000	–	2,450	–	0.05%	–
MRK	New	MERCK & CO INC	$308,000	–	3,954	–	0.05%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$298,000	–	4,987	–	0.05%	–
SPHD	New	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$290,000	–	6,573	–	0.04%	–
WVFC	New	WVS FINANCIAL CORP	$270,000	–	16,500	–	0.04%	–
IWM	New	ISHARES TRrussell 2000 etf	$242,000	–	1,057	–	0.04%	–
IWD	New	ISHARES TRrus 1000 val etf	$239,000	–	1,506	–	0.04%	–
MCD	New	MCDONALDS CORP	$225,000	–	973	–	0.04%	–
SCHP	New	SCHWAB U.S. TIPS ETFus tips etf	$224,000	–	3,584	–	0.04%	–
SHOP	New	SHOPIFY INCcl a	$219,000	–	150	–	0.03%	–
CAT	New	CATERPILLAR INC	$217,000	–	999	–	0.03%	–
CLVS	New	CLOVIS ONCOLOGY INC	$116,000	–	20,000	–	0.02%	–
CCNE	New	CNB FINANCIAL CORP/PA	$83,000	–	3,658	–	0.01%	–
SNGX	New	SOLIGENIX INC	$42,000	–	38,168	–	0.01%	–
ASRV	New	AMERISERV FINL INC	$39,000	–	10,000	–	0.01%	–
IDEX	New	IDEANOMICS INC	$28,000	–	10,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
IDEX	Exit	IDEANOMICS INC	$0	–	-20,000	–	-0.00%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
CCNE	Exit	CNB FINANCIAL CORP/PA	$0	–	-3,658	–	-0.01%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-10,000	–	-0.01%	–
EME	Exit	EMCOR GROUP INC	$0	–	-1,051	–	-0.02%	–
SNGX	Exit	SOLIGENIX INC	$0	–	-38,168	–	-0.02%	–
FCF	Exit	FIRST COMWLTH FINL CORP PA	$0	–	-13,285	–	-0.02%	–
T	Exit	AT&T INC	$0	–	-7,028	–	-0.05%	–
EEMV	Exit	ISHARES TRmsci emerg mrkt	$0	–	-3,660	–	-0.05%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,067	–	-0.05%	–
UPS	Exit	UNITED PARCEL SERVICE INCclass b	$0	–	-1,226	–	-0.05%	–
CSL	Exit	CARLISLE COS INC	$0	–	-1,716	–	-0.05%	–
AMZN	Exit	AMAZON COM INC	$0	–	-66	–	-0.05%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-1,761	–	-0.05%	–
FB	Exit	FACEBOOK INCclass a	$0	–	-815	–	-0.05%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.05%	–
SCHP	Exit	SCHWAB U.S. TIPS ETF	$0	–	-3,584	–	-0.05%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-2,709	–	-0.05%	–
SPHD	Exit	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$0	–	-7,105	–	-0.05%	–
GIS	Exit	GENERAL MLS INC	$0	–	-4,009	–	-0.06%	–
IWP	Exit	ISHARES TRrus md cp gr etf	$0	–	-1,509	–	-0.06%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,365	–	-0.06%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-11,132	–	-0.06%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-4,289	–	-0.06%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GRP IN	$0	–	-5,028	–	-0.06%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-197	–	-0.07%	–
PPG	Exit	PPG INDS INC	$0	–	-2,407	–	-0.07%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC.	$0	–	-3,048	–	-0.07%	–
IIVI	Exit	II-VI INC	$0	–	-8,000	–	-0.07%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-2,314	–	-0.07%	–
V	Exit	VISA INCclass a	$0	–	-1,720	–	-0.08%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,068	–	-0.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-2,000	–	-0.09%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-9,850	–	-0.09%	–
SRNE	Exit	SORRENTO THERAPEUTICS INC	$0	–	-38,853	–	-0.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,944	–	-0.10%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-31,115	–	-0.10%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-4,905	–	-0.12%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-16,502	–	-0.13%	–
BA	Exit	BOEING CO	$0	–	-3,485	–	-0.13%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-33,642	–	-0.15%	–
FREL	Exit	FIDELITY REAL ESTATE ETF	$0	–	-28,887	–	-0.16%	–
MTUM	Exit	ISHARES TRmsci usa mmentm	$0	–	-4,729	–	-0.16%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-3,405	–	-0.17%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-4,252	–	-0.17%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-442	–	-0.17%	–
CRNC	Exit	CERENCE INC	$0	–	-21,978	–	-0.24%	–
ZAGG	Exit	ZAGG INC	$0	–	-428,280	–	-0.27%	–
AAPL	Exit	APPLE INC	$0	–	-10,390	–	-0.28%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKE	$0	–	-29,309	–	-0.29%	–
QUAL	Exit	ISHARES TRmsci usa qlt fct	$0	–	-12,277	–	-0.29%	–
VEA	Exit	VANGUARD FTSE DEVELOPED ETF	$0	–	-31,713	–	-0.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-12,370	–	-0.31%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-9,397	–	-0.37%	–
FHI	Exit	FEDERATED HERMES INCclass b	$0	–	-76,257	–	-0.38%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-24,250	–	-0.39%	–
PEP	Exit	PEPSICO INC	$0	–	-13,206	–	-0.42%	–
VLUE	Exit	ISHARES TRmsci usa value	$0	–	-25,564	–	-0.43%	–
EMLP	Exit	FIRST TR EXCHANGE-TRADED FDno amer energy	$0	–	-100,320	–	-0.44%	–
WPRT	Exit	WESTPORT FUEL SYSTEMS INC	$0	–	-1,181,701	–	-0.44%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-36,989	–	-0.44%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-82,527	–	-0.46%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-83,945	–	-0.50%	–
PPL	Exit	PPL CORP	$0	–	-82,513	–	-0.51%	–
STND	Exit	STANDARD AVB FINANCIAL CORP	$0	–	-71,147	–	-0.53%	–
LOW	Exit	LOWES COS INC	$0	–	-14,202	–	-0.54%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-37,506	–	-0.55%	–
F	Exit	FORD MTR CO DEL	$0	–	-366,982	–	-0.56%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-31,889	–	-0.56%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-16,891	–	-0.57%	–
DOW	Exit	DOW INC	$0	–	-55,853	–	-0.60%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-201,245	–	-0.64%	–
SJM	Exit	SMUCKER J M CO	$0	–	-24,621	–	-0.65%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-8,995	–	-0.69%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-104,540	–	-0.90%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-489,733	–	-0.91%	–
EAF	Exit	GRAFTECH INTERNATIONAL LTD	$0	–	-601,307	–	-0.94%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-13,290	–	-0.95%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-73,199	–	-1.00%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-342,259	–	-1.02%	–
LDOS	Exit	LEIDOS HOLDINGS INC	$0	–	-54,444	–	-1.11%	–
FL	Exit	FOOT LOCKER INC	$0	–	-155,956	–	-1.18%	–
MDP	Exit	MEREDITH CORP	$0	–	-435,218	–	-1.30%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-23,786	–	-1.33%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-1,033,660	–	-1.36%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-156,387	–	-1.40%	–
CHKP	Exit	CHECK POINT SOFTWARE TECHord	$0	–	-51,354	–	-1.41%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-93,506	–	-1.48%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELclass b	$0	–	-30,551	–	-1.49%	–
INTC	Exit	INTEL CORP	$0	–	-126,607	–	-1.50%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-116,540	–	-1.52%	–
SUPN	Exit	SUPERNUS PHARMACEUTICALS INC	$0	–	-319,738	–	-1.52%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-71,983	–	-1.59%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-120,098	–	-1.60%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-35,905	–	-1.62%	–
NTCT	Exit	NETSCOUT SYSTEMS INC	$0	–	-327,170	–	-1.63%	–
HTGC	Exit	HERCULES CAPITAL INC	$0	–	-654,145	–	-1.73%	–
PRAA	Exit	PRA GROUP INC	$0	–	-190,625	–	-1.74%	–
PII	Exit	POLARIS INC	$0	–	-81,067	–	-1.75%	–
FMC	Exit	FMC CORP	$0	–	-72,250	–	-1.75%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-189,094	–	-1.75%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-36,635	–	-1.76%	–
AMSF	Exit	AMERISAFE INC	$0	–	-135,805	–	-1.78%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-528,875	–	-1.79%	–
FLEX	Exit	FLEX LTDord	$0	–	-711,100	–	-1.81%	–
FTNT	Exit	FORTINET INC	$0	–	-68,373	–	-1.84%	–
AX	Exit	AXOS FINANCIAL INC	$0	–	-357,247	–	-1.90%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-68,942	–	-1.93%	–
WDC	Exit	WESTERN DIGITAL CORP.	$0	–	-240,489	–	-2.01%	–
CMI	Exit	CUMMINS INC	$0	–	-44,198	–	-2.13%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-90,513	–	-2.19%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-31,501	–	-2.21%	–
ABBV	Exit	ABBVIE INC	$0	–	-110,869	–	-2.22%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-575,277	–	-2.29%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-329,682	–	-2.31%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-174,788	–	-2.34%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-336,593	–	-2.55%	–
TTEK	Exit	TETRA TECH INC	$0	–	-120,321	–	-2.62%	–
ACM	Exit	AECOM	$0	–	-287,223	–	-2.75%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-97,104	–	-3.23%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,196,092	–	-4.83%	–

Q3 2020

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$21,159,000	-30.4%	1,196,092	-7.8%	4.83%	-30.2%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$14,129,000	+12.0%	97,104	-1.6%	3.23%	+12.3%
ACM	Buy	AECOM	$12,017,000	+12.7%	287,223	+1.2%	2.75%	+13.0%
TTEK	Sell	TETRA TECH INC	$11,491,000	+19.5%	120,321	-1.0%	2.62%	+19.8%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$11,172,000	+28.7%	336,593	-1.9%	2.55%	+29.1%
AMN	Buy	AMN HEALTHCARE SERVICES INC	$10,218,000	+33.9%	174,788	+3.6%	2.34%	+34.3%
CF	Buy	CF INDUSTRIES HOLDINGS INC	$10,125,000	+16.3%	329,682	+6.5%	2.31%	+16.5%
CORT	Buy	CORCEPT THERAPEUTICS INC	$10,012,000	+6.0%	575,277	+2.5%	2.29%	+6.3%
ABBV	Sell	ABBVIE INC	$9,711,000	-18.1%	110,869	-8.2%	2.22%	-17.9%
VOO	Buy	VANGUARD INDEX FDS	$9,691,000	+830.0%	31,501	+756.9%	2.21%	+834.2%
FCN	Buy	FTI CONSULTING INC	$9,592,000	-3.4%	90,513	+4.4%	2.19%	-3.1%
CMI	Sell	CUMMINS INC	$9,333,000	+9.7%	44,198	-10.0%	2.13%	+10.0%
WDC	Buy	WESTERN DIGITAL CORP.	$8,790,000	-11.1%	240,489	+7.4%	2.01%	-10.9%
FFIV	Buy	F5 NETWORKS INC	$8,464,000	-7.3%	68,942	+5.4%	1.93%	-7.0%
AX	Buy	AXOS FINANCIAL INC	$8,328,000	+17.3%	357,247	+11.1%	1.90%	+17.6%
FTNT	Sell	FORTINET INC	$8,055,000	-24.4%	68,373	-11.9%	1.84%	-24.2%
FLEX	Buy	FLEX LTDord	$7,922,000	+18.5%	711,100	+9.0%	1.81%	+18.8%
AEO	Buy	AMERICAN EAGLE OUTFITTERS	$7,833,000	+46.5%	528,875	+7.8%	1.79%	+46.8%
AMSF	Buy	AMERISAFE INC	$7,790,000	-3.6%	135,805	+2.8%	1.78%	-3.4%
MSFT	Sell	MICROSOFT CORP	$7,705,000	-7.1%	36,635	-10.1%	1.76%	-6.9%
THS	Buy	TREEHOUSE FOODS INC	$7,664,000	-6.2%	189,094	+1.4%	1.75%	-5.9%
FMC	Sell	FMC CORP	$7,652,000	+5.5%	72,250	-0.7%	1.75%	+5.8%
PII	Buy	POLARIS INC	$7,648,000	+3.8%	81,067	+1.8%	1.75%	+4.1%
PRAA	Buy	PRA GROUP INC	$7,616,000	+3.8%	190,625	+0.5%	1.74%	+4.1%
HTGC	Buy	HERCULES CAPITAL INC	$7,569,000	+16.6%	654,145	+5.5%	1.73%	+16.9%
NTCT	Buy	NETSCOUT SYSTEMS INC	$7,142,000	-11.0%	327,170	+4.2%	1.63%	-10.8%
PYPL	Sell	PAYPAL HLDGS INC	$7,074,000	-3.6%	35,905	-14.8%	1.62%	-3.3%
CVS	Sell	CVS HEALTH CORP	$7,014,000	-15.8%	120,098	-6.4%	1.60%	-15.6%
ABC	Sell	AMERISOURCEBERGEN CORP	$6,977,000	-13.9%	71,983	-10.5%	1.59%	-13.7%
SUPN	Buy	SUPERNUS PHARMACEUTICALS INC	$6,663,000	-6.8%	319,738	+6.3%	1.52%	-6.5%
IDCC	Buy	INTERDIGITAL INC	$6,649,000	+13.4%	116,540	+12.6%	1.52%	+13.7%
INTC	Sell	INTEL CORP	$6,555,000	-19.3%	126,607	-6.7%	1.50%	-19.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELclass b	$6,505,000	+8.6%	30,551	-9.0%	1.49%	+8.9%
JCOM	Buy	J2 GLOBAL INC	$6,472,000	+26.8%	93,506	+15.8%	1.48%	+27.2%
CHKP	Sell	CHECK POINT SOFTWARE TECHord	$6,180,000	+4.1%	51,354	-7.0%	1.41%	+4.4%
HURN	Buy	HURON CONSULTING GROUP INC	$6,150,000	-2.8%	156,387	+9.4%	1.40%	-2.5%
AXL	Buy	AMERICAN AXLE & MFG HLDGS IN	$5,964,000	-20.0%	1,033,660	+5.4%	1.36%	-19.7%
PANW	Sell	PALO ALTO NETWORKS INC	$5,822,000	-4.6%	23,786	-10.4%	1.33%	-4.3%
MDP	Buy	MEREDITH CORP	$5,710,000	+12.8%	435,218	+25.1%	1.30%	+13.2%
FL	Sell	FOOT LOCKER INC	$5,151,000	+7.2%	155,956	-5.4%	1.18%	+7.5%
LDOS	New	LEIDOS HOLDINGS INC	$4,854,000	–	54,444	–	1.11%	–
MYGN	Buy	MYRIAD GENETICS INC	$4,463,000	+24.6%	342,259	+8.4%	1.02%	+25.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,355,000	+4.7%	73,199	-3.0%	1.00%	+5.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,143,000	-3.0%	13,290	-8.2%	0.95%	-2.7%
EAF	Buy	GRAFTECH INTERNATIONAL LTD	$4,113,000	+1.5%	601,307	+18.4%	0.94%	+1.7%
MDRX	Buy	ALLSCRIPTS HEALTHCARE SOLUTN	$3,986,000	+27.9%	489,733	+6.4%	0.91%	+28.3%
LUV	Sell	SOUTHWEST AIRLS CO	$3,920,000	+4.4%	104,540	-4.9%	0.90%	+4.7%
IVV	Sell	ISHARES TRcore s&p500 etf	$3,023,000	+3.2%	8,995	-5.0%	0.69%	+3.4%
SJM	Sell	SMUCKER J M CO	$2,844,000	+8.1%	24,621	-1.0%	0.65%	+8.3%
ARCC	Sell	ARES CAPITAL CORP	$2,807,000	-4.3%	201,245	-0.8%	0.64%	-4.0%
DOW	Sell	DOW INC	$2,628,000	+11.1%	55,853	-3.8%	0.60%	+11.3%
KMB	Sell	KIMBERLY CLARK CORP	$2,494,000	+1.5%	16,891	-2.8%	0.57%	+1.8%
CL	Sell	COLGATE PALMOLIVE CO	$2,461,000	+2.0%	31,889	-3.2%	0.56%	+2.2%
F	Sell	FORD MTR CO DEL	$2,445,000	+7.7%	366,982	-1.7%	0.56%	+8.1%
USMV	Sell	ISHARES TRmsci usa min vol	$2,390,000	-0.9%	37,506	-5.7%	0.55%	-0.7%
LOW	Sell	LOWES COS INC	$2,356,000	+20.7%	14,202	-1.7%	0.54%	+20.9%
PPL	Buy	PPL CORP	$2,245,000	+5.5%	82,513	+0.2%	0.51%	+5.8%
SYF	Buy	SYNCHRONY FINANCIAL	$2,196,000	+23.2%	83,945	+4.3%	0.50%	+23.6%
FLO	Sell	FLOWERS FOODS INC	$2,008,000	+5.1%	82,527	-3.4%	0.46%	+5.5%
VXUS	Buy	VANGUARD STAR FDSvg tl intl stk f	$1,930,000	+532.8%	36,989	+496.0%	0.44%	+530.0%
WPRT	Sell	WESTPORT FUEL SYSTEMS INC	$1,926,000	+14.6%	1,181,701	-12.8%	0.44%	+14.9%
EMLP	Sell	FIRST TR EXCHANGE-TRADED FDno amer energy	$1,910,000	-47.6%	100,320	-45.1%	0.44%	-47.5%
VLUE	Sell	ISHARES TRmsci usa value	$1,886,000	-48.5%	25,564	-49.6%	0.43%	-48.4%
PEP	Sell	PEPSICO INC	$1,830,000	-3.1%	13,206	-7.5%	0.42%	-2.8%
IJR	Buy	ISHARES TRcore s&p scp etf	$1,703,000	+103.5%	24,250	+97.9%	0.39%	+103.7%
FHI	Sell	FEDERATED HERMES INCclass b	$1,641,000	-14.2%	76,257	-5.5%	0.38%	-14.0%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$1,600,000	+14.9%	9,397	+5.7%	0.37%	+15.5%
ABT	Sell	ABBOTT LABS	$1,347,000	+16.1%	12,370	-2.5%	0.31%	+16.7%
VEA	New	VANGUARD FTSE DEVELOPED ETF	$1,297,000	–	31,713	–	0.30%	–
QUAL	Sell	ISHARES TRmsci usa qlt fct	$1,273,000	+4.3%	12,277	-3.5%	0.29%	+4.7%
VWO	New	VANGUARD FTSE EMERGING MARKE	$1,267,000	–	29,309	–	0.29%	–
AAPL	Buy	APPLE INC	$1,203,000	+29.5%	10,390	+308.3%	0.28%	+29.7%
ZAGG	Sell	ZAGG INC	$1,199,000	-22.4%	428,280	-13.0%	0.27%	-22.2%
CRNC	Sell	CERENCE INC	$1,074,000	+5.5%	21,978	-11.9%	0.24%	+5.6%
BKNG	Buy	BOOKING HOLDINGS INC	$756,000	+12.5%	442	+4.7%	0.17%	+13.1%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$750,000	+94.3%	4,252	+80.7%	0.17%	+94.3%
MTUM	Sell	ISHARES TRmsci usa mmentm	$697,000	+6.6%	4,729	-5.3%	0.16%	+6.7%
FREL	New	FIDELITY REAL ESTATE ETF	$679,000	–	28,887	–	0.16%	–
XOM	Sell	EXXON MOBIL CORP	$566,000	-90.0%	16,502	-86.9%	0.13%	-90.0%
NLSN	Buy	NIELSEN HLDGS PLC	$441,000	-3.5%	31,115	+1.3%	0.10%	-2.9%
JNJ	Sell	JOHNSON & JOHNSON	$438,000	-4.8%	2,944	-10.1%	0.10%	-4.8%
NFG	Sell	NATIONAL FUEL GAS CO N J	$400,000	-5.4%	9,850	-2.3%	0.09%	-5.2%
UNP	Sell	UNION PAC CORP	$393,000	+8.3%	2,000	-6.8%	0.09%	+8.4%
PG	Sell	PROCTER AND GAMBLE CO	$322,000	-12.0%	2,314	-24.4%	0.07%	-10.8%
PEG	Sell	PUBLIC SVC ENTERPRISE GRP IN	$276,000	-11.3%	5,028	-20.5%	0.06%	-11.3%
EFA	Sell	ISHARES TRmsci eafe etf	$273,000	-31.6%	4,289	-34.6%	0.06%	-31.9%
BAC	Sell	BK OF AMERICA CORP	$268,000	-9.5%	11,132	-10.6%	0.06%	-9.0%
ITW	Buy	ILLINOIS TOOL WKS INC	$264,000	+10.9%	1,365	+0.4%	0.06%	+11.1%
GIS	Sell	GENERAL MLS INC	$247,000	-2.0%	4,009	-2.1%	0.06%	-1.8%
SPHD	New	INVESCO EXCH TRADED FD TR IIs&p500 hdl vol	$234,000	–	7,105	–	0.05%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$220,000	–	2,709	–	0.05%	–
SCHP	New	SCHWAB U.S. TIPS ETF	$221,000	–	3,584	–	0.05%	–
FB	New	FACEBOOK INCclass a	$213,000	–	815	–	0.05%	–
IWD	New	ISHARES TRrus 1000 val etf	$208,000	–	1,761	–	0.05%	–
AMZN	New	AMAZON COM INC	$208,000	–	66	–	0.05%	–
AXP	New	AMERICAN EXPRESS CO	$207,000	–	2,067	–	0.05%	–
UPS	New	UNITED PARCEL SERVICE INCclass b	$205,000	–	1,226	–	0.05%	–
T	Sell	AT&T INC	$200,000	-33.1%	7,028	-29.0%	0.05%	-32.4%
EEMV	New	ISHARES TRmsci emerg mrkt	$202,000	–	3,660	–	0.05%	–
EME	New	EMCOR GROUP INC	$71,000	–	1,051	–	0.02%	–
CCNE	New	CNB FINANCIAL CORP/PA	$54,000	–	3,658	–	0.01%	–
IDEX	New	IDEANOMICS INC	$18,000	–	20,000	–	0.00%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-150	–	-0.00%	–
	Exit	PRA GROUP INCnote 3.000% 8/0	$0	–	-37,000	–	-0.00%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-2,051	–	-0.05%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-500	–	-0.05%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-3,695	–	-0.05%	–
PFE	Exit	PFIZER INC	$0	–	-6,702	–	-0.05%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,572	–	-0.05%	–
VOE	Exit	VANGUARD INDEX FDSmcap vl idxvip	$0	–	-2,464	–	-0.05%	–
IUSG	Exit	ISHARES TRcore s&p us gwt	$0	–	-3,812	–	-0.06%	–
VONG	Exit	VANGUARD SCOTTSDALE FDSvng rus1000grw	$0	–	-1,402	–	-0.06%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,782	–	-0.08%	–
TECD	Exit	TECH DATA CORP	$0	–	-105,242	–	-3.48%	–

Q2 2020

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$30,413,000	–	1,296,916	–	6.93%	–
TECD	New	TECH DATA CORP	$15,250,000	–	105,242	–	3.48%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$12,613,000	–	98,638	–	2.87%	–
ABBV	New	ABBVIE INC	$11,859,000	–	120,786	–	2.70%	–
ACM	New	AECOM	$10,663,000	–	283,747	–	2.43%	–
FTNT	New	FORTINET INC	$10,652,000	–	77,596	–	2.43%	–
FCN	New	FTI CONSULTING INC	$9,930,000	–	86,688	–	2.26%	–
WDC	New	WESTERN DIGITAL CORP.	$9,887,000	–	223,945	–	2.25%	–
TTEK	New	TETRA TECH INC	$9,617,000	–	121,550	–	2.19%	–
CORT	New	CORCEPT THERAPEUTICS INC	$9,442,000	–	561,312	–	2.15%	–
FFIV	New	F5 NETWORKS INC	$9,126,000	–	65,431	–	2.08%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$8,709,000	–	309,526	–	1.98%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$8,680,000	–	343,007	–	1.98%	–
CMI	New	CUMMINS INC	$8,507,000	–	49,095	–	1.94%	–
CVS	New	CVS HEALTH CORP	$8,334,000	–	128,279	–	1.90%	–
MSFT	New	MICROSOFT CORP	$8,294,000	–	40,753	–	1.89%	–
THS	New	TREEHOUSE FOODS INC	$8,167,000	–	186,474	–	1.86%	–
INTC	New	INTEL CORP	$8,118,000	–	135,688	–	1.85%	–
ABC	New	AMERISOURCEBERGEN CORP	$8,102,000	–	80,409	–	1.85%	–
AMSF	New	AMERISAFE INC	$8,083,000	–	132,159	–	1.84%	–
NTCT	New	NETSCOUT SYSTEMS INC	$8,027,000	–	314,032	–	1.83%	–
AMN	New	AMN HEALTHCARE SVCS INC	$7,630,000	–	168,672	–	1.74%	–
AXL	New	AMERICAN AXLE & MFG HOLDINGS	$7,452,000	–	980,506	–	1.70%	–
PII	New	POLARIS INC	$7,367,000	–	79,604	–	1.68%	–
PRAA	New	PRA GROUP INC	$7,337,000	–	189,770	–	1.67%	–
PYPL	New	PAYPAL HOLDINGS INC	$7,339,000	–	42,127	–	1.67%	–
FMC	New	FMC CORP	$7,251,000	–	72,779	–	1.65%	–
SUPN	New	SUPERNUS PHARMACEUTICALS INC	$7,146,000	–	300,886	–	1.63%	–
AX	New	AXOS FINANCIAL INC	$7,100,000	–	321,557	–	1.62%	–
FLEX	New	FLEX LTDord	$6,685,000	–	652,186	–	1.52%	–
HTGC	New	HERCULES CAPITAL INC	$6,490,000	–	619,830	–	1.48%	–
HURN	New	HURON CONSULTING GROUP INC	$6,324,000	–	142,926	–	1.44%	–
PANW	New	PALO ALTO NETWORKS INC	$6,101,000	–	26,561	–	1.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELclass b	$5,992,000	–	33,567	–	1.36%	–
CHKP	New	CHECK POINT SOFTWARE TECHord	$5,934,000	–	55,239	–	1.35%	–
IDCC	New	INTERDIGITAL INC	$5,863,000	–	103,525	–	1.34%	–
XOM	New	EXXON MOBIL CORP	$5,636,000	–	126,012	–	1.28%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$5,348,000	–	490,684	–	1.22%	–
JCOM	New	J2 GLOBAL INC	$5,105,000	–	80,761	–	1.16%	–
MDP	New	MEREDITH CORP	$5,062,000	–	347,914	–	1.15%	–
FL	New	FOOT LOCKER INC	$4,806,000	–	164,781	–	1.10%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,271,000	–	14,478	–	0.97%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,159,000	–	75,432	–	0.95%	–
EAF	New	GRAFTECH INTL LTD	$4,053,000	–	507,840	–	0.92%	–
LUV	New	SOUTHWEST AIRLINES CO	$3,756,000	–	109,899	–	0.86%	–
VLUE	New	ISHARES TRedge msci usa vl	$3,665,000	–	50,713	–	0.84%	–
EMLP	New	FIRST TR EXCHANGE-TRADED FDno amer energy	$3,645,000	–	182,800	–	0.83%	–
MYGN	New	MYRIAD GENETICS INC	$3,582,000	–	315,835	–	0.82%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$3,117,000	–	460,446	–	0.71%	–
ARCC	New	ARES CAPITAL CORP	$2,933,000	–	202,970	–	0.67%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,930,000	–	9,464	–	0.67%	–
SJM	New	SMUCKER J M CO	$2,632,000	–	24,878	–	0.60%	–
KMB	New	KIMBERLY CLARK CORP	$2,456,000	–	17,374	–	0.56%	–
CL	New	COLGATE PALMOLIVE CO	$2,413,000	–	32,938	–	0.55%	–
USMV	New	ISHARES TRmsci min vol etf	$2,412,000	–	39,783	–	0.55%	–
DOW	New	DOW INC	$2,366,000	–	58,056	–	0.54%	–
F	New	FORD MTR CO DEL	$2,270,000	–	373,372	–	0.52%	–
PPL	New	PPL CORP	$2,128,000	–	82,347	–	0.48%	–
LOW	New	LOWES COS INC	$1,952,000	–	14,444	–	0.44%	–
FHI	New	FEDERATED HERMES INCclass b	$1,912,000	–	80,678	–	0.44%	–
FLO	New	FLOWERS FOODS INC	$1,911,000	–	85,441	–	0.44%	–
PEP	New	PEPSICO INC	$1,888,000	–	14,280	–	0.43%	–
SYF	New	SYNCHRONY FINANCIAL	$1,783,000	–	80,466	–	0.41%	–
WPRT	New	WESTPORT FUEL SYSTEMS INC	$1,681,000	–	1,354,973	–	0.38%	–
STND	New	STANDARD AVB FINANCIAL CORP	$1,651,000	–	71,147	–	0.38%	–
ZAGG	New	ZAGG INC	$1,546,000	–	492,239	–	0.35%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,392,000	–	8,893	–	0.32%	–
QUAL	New	ISHARES TRusa quality fctr	$1,220,000	–	12,716	–	0.28%	–
ABT	New	ABBOTT LABS	$1,160,000	–	12,689	–	0.26%	–
VOO	New	VANGUARD INDEX FDS	$1,042,000	–	3,676	–	0.24%	–
CRNC	New	CERENCE INC	$1,018,000	–	24,933	–	0.23%	–
AAPL	New	APPLE INC	$929,000	–	2,545	–	0.21%	–
IJR	New	ISHARES TRcore s&p scp etf	$837,000	–	12,256	–	0.19%	–
CBFV	New	CB FINANCIAL SERVICES INC	$734,000	–	33,642	–	0.17%	–
BKNG	New	BOOKING HOLDINGS INC	$672,000	–	422	–	0.15%	–
MTUM	New	ISHARES TRusa momentum fct	$654,000	–	4,996	–	0.15%	–
IWF	New	ISHARES TRrus 1000 grw etf	$653,000	–	3,405	–	0.15%	–
BA	New	BOEING CO	$639,000	–	3,485	–	0.15%	–
PNC	New	PNC FINL SVCS GROUP INC	$516,000	–	4,905	–	0.12%	–
JNJ	New	JOHNSON & JOHNSON	$460,000	–	3,275	–	0.10%	–
NLSN	New	NIELSEN HOLDINGS PLC	$457,000	–	30,726	–	0.10%	–
NFG	New	NATIONAL FUEL GAS CO N J	$423,000	–	10,081	–	0.10%	–
EFA	New	ISHARES TRmsci eafe etf	$399,000	–	6,559	–	0.09%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$386,000	–	2,353	–	0.09%	–
IIVI	New	II-VI INC	$378,000	–	8,000	–	0.09%	–
PG	New	PROCTER AND GAMBLE CO	$366,000	–	3,061	–	0.08%	–
UNP	New	UNION PAC CORP	$363,000	–	2,145	–	0.08%	–
V	New	VISA INCclass a	$332,000	–	1,720	–	0.08%	–
MCD	New	MCDONALDS CORP	$329,000	–	1,782	–	0.08%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.	$321,000	–	3,048	–	0.07%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$311,000	–	6,328	–	0.07%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$305,000	–	6,206	–	0.07%	–
T	New	AT&T INC	$299,000	–	9,901	–	0.07%	–
SBUX	New	STARBUCKS CORP	$299,000	–	4,068	–	0.07%	–
BAC	New	BK OF AMERICA CORP	$296,000	–	12,454	–	0.07%	–
GOOG	New	ALPHABET INCcap stk cl c	$278,000	–	197	–	0.06%	–
VONG	New	VANGUARD SCOTTSDALE FDSvng rus1000grw	$277,000	–	1,402	–	0.06%	–
IUSG	New	ISHARES TRcore s&p us gwt	$274,000	–	3,812	–	0.06%	–
PPG	New	PPG INDS INC	$255,000	–	2,407	–	0.06%	–
GIS	New	GENERAL MLS INC	$252,000	–	4,094	–	0.06%	–
SRNE	New	SORRENTO THERAPEUTICS INC	$244,000	–	38,853	–	0.06%	–
IWP	New	ISHARES TRrus md cp gr etf	$239,000	–	1,509	–	0.05%	–
ITW	New	ILLINOIS TOOL WKS INC	$238,000	–	1,359	–	0.05%	–
VOE	New	VANGUARD INDEX FDSmcap vl idxvip	$236,000	–	2,464	–	0.05%	–
CVX	New	CHEVRON CORP NEW	$229,000	–	2,572	–	0.05%	–
PFE	New	PFIZER INC	$219,000	–	6,702	–	0.05%	–
WVFC	New	WVS FINANCIAL CORP	$218,000	–	16,500	–	0.05%	–
IEFA	New	ISHARES TRcore msci eafe	$211,000	–	3,695	–	0.05%	–
CACC	New	CREDIT ACCEP CORP MICH	$210,000	–	500	–	0.05%	–
PKG	New	PACKAGING CORP AMER	$205,000	–	2,051	–	0.05%	–
CSL	New	CARLISLE COS INC	$205,000	–	1,716	–	0.05%	–
FCF	New	FIRST COMWLTH FINL CORP PA	$110,000	–	13,285	–	0.02%	–
SNGX	New	SOLIGENIX INC	$81,000	–	38,168	–	0.02%	–
CLVS	New	CLOVIS ONCOLOGY INC	$68,000	–	10,000	–	0.02%	–
ASRV	New	AMERISERV FINL INC	$31,000	–	10,000	–	0.01%	–
	New	PRA GROUP INCnote 3.000% 8/0	$14,000	–	37,000	–	0.00%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$6,000	–	150	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
	Exit	PRA GROUP INCnote 3.000% 8/0	$0	–	-37,000	–	-0.00%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-10,000	–	-0.01%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-4,175	–	-0.04%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,400	–	-0.05%	–
AAPL	Exit	APPLE INC	$0	–	-1,074	–	-0.05%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.06%	–
IIVI	Exit	II VI INC	$0	–	-8,000	–	-0.06%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-2,390	–	-0.06%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-2,481	–	-0.08%	–
PPG	Exit	PPG INDS INC	$0	–	-2,957	–	-0.08%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-10,081	–	-0.10%	–
SCHP	Exit	SCHWAB STRATEGIC TRus tips etf	$0	–	-9,223	–	-0.11%	–
FREL	Exit	FIDELITYmsci rl est etf	$0	–	-28,402	–	-0.17%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-5,530	–	-0.20%	–
BA	Exit	BOEING CO	$0	–	-3,265	–	-0.27%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETftse emr mkt etf	$0	–	-32,670	–	-0.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-16,685	–	-0.30%	–
VEA	Exit	VANGUARD FTSE DEVELOPED ETFftse dev mkt etf	$0	–	-35,137	–	-0.32%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.33%	–
LOW	Exit	LOWES COS INC	$0	–	-14,085	–	-0.34%	–
AABA	Exit	ALTABA INC	$0	–	-96,197	–	-0.40%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-29,210	–	-0.50%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-99,478	–	-0.50%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-111,498	–	-0.51%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-32,786	–	-0.52%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-75,292	–	-0.56%	–
DOW	Exit	DOW INC	$0	–	-54,257	–	-0.56%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-18,865	–	-0.58%	–
PEP	Exit	PEPSICO INC	$0	–	-19,947	–	-0.59%	–
SJM	Exit	SMUCKER J M CO	$0	–	-25,105	–	-0.60%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-137,977	–	-0.61%	–
ZAGG	Exit	ZAGG INC	$0	–	-455,317	–	-0.62%	–
FHI	Exit	FEDERATED INVS INC PAclass b	$0	–	-88,244	–	-0.62%	–
STND	Exit	STANDARD AVB FINANCIAL CORP	$0	–	-103,815	–	-0.63%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-9,765	–	-0.63%	–
MMM	Exit	3M CO	$0	–	-17,870	–	-0.64%	–
DPLO	Exit	DIPLOMAT PHARMACY INC	$0	–	-646,811	–	-0.69%	–
F	Exit	FORD MTR CO	$0	–	-369,924	–	-0.73%	–
ARCC	Exit	ARES CAP CORP	$0	–	-210,410	–	-0.85%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-40,926	–	-0.92%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-75,729	–	-0.99%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-469,734	–	-1.12%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-39,360	–	-1.18%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-367,553	–	-1.30%	–
FTNT	Exit	FORTINET INC	$0	–	-79,539	–	-1.32%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-55,927	–	-1.32%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-76,734	–	-1.37%	–
BRKB	Exit	BERKSHIRE HATHAWAY INCclass b	$0	–	-30,431	–	-1.37%	–
FL	Exit	FOOT LOCKER INC	$0	–	-152,924	–	-1.43%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-414,943	–	-1.45%	–
SUPN	Exit	SUPERNUS PHARMACEUTICALS INC	$0	–	-252,323	–	-1.50%	–
FMC	Exit	FMC CORP	$0	–	-79,576	–	-1.51%	–
AXL	Exit	AMERICAN AXLE & MFG HOLDINGS	$0	–	-853,821	–	-1.52%	–
FLEX	Exit	FLEX LTD	$0	–	-674,490	–	-1.54%	–
PII	Exit	POLARIS INC	$0	–	-80,988	–	-1.55%	–
EME	Exit	EMCOR GROUP INC	$0	–	-84,314	–	-1.57%	–
INTC	Exit	INTEL CORP	$0	–	-141,794	–	-1.58%	–
NTCT	Exit	NETSCOUT SYSTEMS INC	$0	–	-323,564	–	-1.62%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-87,922	–	-1.73%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-115,063	–	-1.76%	–
CMI	Exit	CUMMINS INC	$0	–	-51,226	–	-1.80%	–
HTGC	Exit	HERCULES CAPITAL INC	$0	–	-634,979	–	-1.84%	–
MDP	Exit	MEREDITH CORP	$0	–	-239,655	–	-1.90%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-625,078	–	-1.92%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-113,551	–	-1.97%	–
AX	Exit	AXOS FINANCIAL INC	$0	–	-328,605	–	-1.97%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-64,853	–	-1.97%	–
VOO	Exit	VANGUARD INDEX FDSs&p 500 etf	$0	–	-32,893	–	-1.98%	–
AMSF	Exit	AMERISAFE INC	$0	–	-141,821	–	-2.02%	–
QUAD	Exit	QUAD / GRAPHICS INCclass a	$0	–	-931,443	–	-2.04%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-153,970	–	-2.06%	–
PRAA	Exit	PRA GROUP INC	$0	–	-281,220	–	-2.06%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-328,343	–	-2.06%	–
ABBV	Exit	ABBVIE INC	$0	–	-125,959	–	-2.06%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-193,560	–	-2.32%	–
ACM	Exit	AECOM	$0	–	-309,110	–	-2.52%	–
TTEK	Exit	TETRA TECH INC	$0	–	-135,161	–	-2.54%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-112,272	–	-2.58%	–
TECD	Exit	TECH DATA CORP	$0	–	-132,310	–	-3.02%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-291,830	–	-3.09%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-286,898	–	-3.67%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,101,047	–	-8.70%	–

Q3 2019

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$40,222,000	-7.4%	1,101,047	-5.0%	8.70%	-8.6%
WDC	Sell	WESTERN DIGITAL CORP	$16,961,000	+20.8%	286,898	-2.9%	3.67%	+19.2%
CF	Sell	CF INDUSTRIES HOLDINGS INC	$14,294,000	+2.3%	291,830	-2.5%	3.09%	+0.9%
TECD	Sell	TECH DATA CORP	$13,960,000	+0.5%	132,310	-0.4%	3.02%	-0.8%
FCN	Sell	FTI CONSULTING INC	$11,928,000	+10.7%	112,272	-12.6%	2.58%	+9.2%
TTEK	Sell	TETRA TECH INC	$11,733,000	+0.3%	135,161	-9.2%	2.54%	-1.0%
ACM	Sell	AECOM	$11,679,000	-1.4%	309,110	-1.2%	2.52%	-2.7%
THS	Sell	TREEHOUSE FOODS INC	$10,714,000	-1.0%	193,560	-3.2%	2.32%	-2.2%
ABBV	New	ABBVIE INC	$9,538,000	–	125,959	–	2.06%	–
MYGN	Buy	MYRIAD GENETICS INC	$9,533,000	+105.8%	328,343	+96.9%	2.06%	+103.1%
PRAA	Sell	PRA GROUP INC	$9,506,000	+17.5%	281,220	-2.2%	2.06%	+16.0%
HURN	Sell	HURON CONSULTING GROUP INC	$9,502,000	+15.4%	153,970	-5.8%	2.06%	+13.9%
QUAD	Buy	QUAD / GRAPHICS INCclass a	$9,460,000	+45.5%	931,443	+13.3%	2.04%	+43.5%
AMSF	Sell	AMERISAFE INC	$9,354,000	+2.5%	141,821	-0.9%	2.02%	+1.2%
VOO	Sell	VANGUARD INDEX FDSs&p 500 etf	$9,162,000	+2.8%	32,893	-0.7%	1.98%	+1.5%
FFIV	Buy	F5 NETWORKS INC	$9,128,000	+1.5%	64,853	+5.1%	1.97%	+0.3%
AX	Buy	AXOS FINANCIAL INC	$9,125,000	+3.9%	328,605	+2.0%	1.97%	+2.6%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$9,093,000	+4.0%	113,551	+0.3%	1.97%	+2.6%
CORT	Sell	CORCEPT THERAPEUTICS INC	$8,859,000	+26.1%	625,078	-0.8%	1.92%	+24.5%
MDP	Buy	MEREDITH CORP	$8,800,000	-26.7%	239,655	+10.0%	1.90%	-27.6%
HTGC	Buy	HERCULES CAPITAL INC	$8,518,000	+5.1%	634,979	+0.5%	1.84%	+3.8%
CMI	Sell	CUMMINS INC	$8,333,000	-7.7%	51,226	-2.8%	1.80%	-8.9%
XOM	Buy	EXXON MOBIL CORP	$8,125,000	-5.8%	115,063	+2.3%	1.76%	-7.0%
JCOM	Buy	J2 GLOBAL INC	$8,020,000	+4.1%	87,922	+1.4%	1.73%	+2.7%
NTCT	Buy	NETSCOUT SYSTEMS INC	$7,490,000	-5.7%	323,564	+3.5%	1.62%	-6.8%
INTC	Sell	INTEL CORP	$7,307,000	+7.6%	141,794	-0.0%	1.58%	+6.2%
EME	Sell	EMCOR GROUP INC	$7,274,000	-2.6%	84,314	-0.5%	1.57%	-3.9%
PII	Buy	POLARIS INC	$7,184,000	+0.8%	80,988	+3.7%	1.55%	-0.6%
FLEX	Buy	FLEX LTD	$7,138,000	+12.0%	674,490	+1.3%	1.54%	+10.5%
AXL	Buy	AMERICAN AXLE & MFG HOLDINGS	$7,027,000	-13.9%	853,821	+33.4%	1.52%	-15.1%
FMC	Sell	FMC CORP	$6,998,000	+4.0%	79,576	-1.9%	1.51%	+2.6%
SUPN	Buy	SUPERNUS PHARMACEUTICALS INC	$6,940,000	-13.5%	252,323	+4.0%	1.50%	-14.6%
AEO	Buy	AMERICAN EAGLE OUTFITTERS	$6,708,000	+14.4%	414,943	+19.6%	1.45%	+12.9%
FL	Buy	FOOT LOCKER INC	$6,600,000	+15.0%	152,924	+11.7%	1.43%	+13.5%
BRKB	Sell	BERKSHIRE HATHAWAY INCclass b	$6,330,000	-2.8%	30,431	-0.4%	1.37%	-4.1%
ABC	Buy	AMERISOURCEBERGEN CORP	$6,317,000	-1.2%	76,734	+2.3%	1.37%	-2.5%
CHKP	Buy	CHECK POINT SOFTWARE TECH	$6,129,000	-4.6%	55,927	+0.6%	1.32%	-5.9%
FTNT	New	FORTINET INC	$6,105,000	–	79,539	–	1.32%	–
NUAN	Buy	NUANCE COMMUNICATIONS INC	$5,995,000	+4.7%	367,553	+2.5%	1.30%	+3.3%
MSFT	Sell	MICROSOFT CORP	$5,472,000	-3.0%	39,360	-6.5%	1.18%	-4.3%
MDRX	Buy	ALLSCRIPTS HEALTHCARE SOLUTN	$5,157,000	-2.6%	469,734	+3.2%	1.12%	-3.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,571,000	+7.3%	75,729	+1.5%	0.99%	+5.9%
PYPL	Buy	PAYPAL HLDGS INC	$4,239,000	+245.8%	40,926	+282.0%	0.92%	+240.9%
ARCC	Sell	ARES CAP CORP	$3,921,000	+3.8%	210,410	-0.1%	0.85%	+2.5%
F	Buy	FORD MTR CO	$3,389,000	-9.1%	369,924	+1.5%	0.73%	-10.3%
DPLO	Buy	DIPLOMAT PHARMACY INC	$3,196,000	-14.0%	646,811	+6.0%	0.69%	-15.2%
MMM	Buy	3M CO	$2,938,000	-0.4%	17,870	+5.0%	0.64%	-1.7%
FHI	Sell	FEDERATED INVS INC PAclass b	$2,860,000	-72.0%	88,244	-71.9%	0.62%	-72.3%
ZAGG	Buy	ZAGG INC	$2,855,000	+19.5%	455,317	+32.6%	0.62%	+17.7%
MOS	Buy	MOSAIC CO NEW	$2,829,000	-11.2%	137,977	+8.4%	0.61%	-12.3%
SJM	Buy	SMUCKER J M CO	$2,762,000	-0.1%	25,105	+4.6%	0.60%	-1.5%
PEP	Sell	PEPSICO INC	$2,735,000	+3.6%	19,947	-0.9%	0.59%	+2.2%
KMB	Sell	KIMBERLY CLARK CORP	$2,679,000	+6.1%	18,865	-0.5%	0.58%	+4.7%
DOW	Buy	DOW INC	$2,586,000	-0.8%	54,257	+2.6%	0.56%	-2.1%
SYF	New	SYNCHRONY FINL	$2,567,000	–	75,292	–	0.56%	–
CL	Buy	COLGATE PALMOLIVE CO	$2,411,000	+5.8%	32,786	+3.1%	0.52%	+4.4%
NLSN	Buy	NIELSEN HLDGS PLC	$2,369,000	-1.2%	111,498	+5.1%	0.51%	-2.5%
FLO	Buy	FLOWERS FOODS INC	$2,301,000	0.0%	99,478	+0.6%	0.50%	-1.2%
IJR	Sell	ISHARES TRcore s&p scp etf	$2,299,000	-1.5%	29,210	-2.0%	0.50%	-2.7%
AABA	Sell	ALTABA INC	$1,874,000	-72.8%	96,197	-3.1%	0.40%	-73.2%
LOW	Buy	LOWES COS INC	$1,549,000	+9.5%	14,085	+0.4%	0.34%	+8.1%
VEA	Sell	VANGUARD FTSE DEVELOPED ETFftse dev mkt etf	$1,490,000	+1.3%	35,137	-0.4%	0.32%	0.0%
ABT	Sell	ABBOTT LABS	$1,396,000	-11.6%	16,685	-11.2%	0.30%	-12.7%
BA	Buy	BOEING CO	$1,242,000	+5.3%	3,265	+0.8%	0.27%	+3.9%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$931,000	-3.3%	5,530	-4.0%	0.20%	-4.7%
FREL	Sell	FIDELITYmsci rl est etf	$801,000	+6.1%	28,402	-1.5%	0.17%	+4.8%
PNC	Buy	PNC FINL SVCS GROUP INC	$348,000	+3.6%	2,481	+1.4%	0.08%	+1.4%
PG	Sell	PROCTER & GAMBLE CO	$297,000	+9.6%	2,390	-3.3%	0.06%	+8.5%
AAPL	Buy	APPLE INC	$241,000	+16.4%	1,074	+2.5%	0.05%	+15.6%
FE	New	FIRSTENERGY CORP	$201,000	–	4,175	–	0.04%	–
CLVS	New	CLOVIS ONCOLOGY INC	$39,000	–	10,000	–	0.01%	–
	Sell	PRA GROUP INCnote 3.000% 8/0	$6,000	-71.4%	37,000	-49.3%	0.00%	-80.0%
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-83,660	–	-0.92%	–
WP	Exit	WORLDPAY INCclass a	$0	–	-81,862	–	-2.20%	–

Q2 2019

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$43,419,000	–	1,158,451	–	9.51%	–
WDC	New	WESTERN DIGITAL CORP	$14,043,000	–	295,331	–	3.08%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$13,975,000	–	299,172	–	3.06%	–
TECD	New	TECH DATA CORP	$13,890,000	–	132,790	–	3.04%	–
MDP	New	MEREDITH CORP	$12,001,000	–	217,965	–	2.63%	–
ACM	New	AECOM	$11,844,000	–	312,912	–	2.60%	–
TTEK	New	TETRA TECH INC	$11,694,000	–	148,884	–	2.56%	–
THS	New	TREEHOUSE FOODS INC	$10,818,000	–	199,953	–	2.37%	–
FCN	New	FTI CONSULTING INC	$10,775,000	–	128,520	–	2.36%	–
FHI	New	FEDERATED INVESTORS INCclass b	$10,201,000	–	313,837	–	2.24%	–
WP	New	WORLDPAY INCclass a	$10,032,000	–	81,862	–	2.20%	–
AMSF	New	AMERISAFE INC	$9,125,000	–	143,086	–	2.00%	–
CMI	New	CUMMINS INC	$9,029,000	–	52,699	–	1.98%	–
FFIV	New	F5 NETWORKS INC	$8,989,000	–	61,730	–	1.97%	–
VOO	New	VANGUARD INDEX FDSs&p 500 etf	$8,912,000	–	33,111	–	1.95%	–
AX	New	AXOS FINL INC	$8,780,000	–	322,204	–	1.92%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$8,745,000	–	113,168	–	1.92%	–
XOM	New	EXXON MOBIL CORP	$8,623,000	–	112,528	–	1.89%	–
HURN	New	HURON CONSULTING GROUP INC	$8,235,000	–	163,445	–	1.80%	–
AXL	New	AMERICAN AXLE & MFG HOLDINGS	$8,165,000	–	639,908	–	1.79%	–
HTGC	New	HERCULES CAPITAL INC	$8,103,000	–	632,113	–	1.78%	–
PRAA	New	PRA GROUP INC	$8,089,000	–	287,472	–	1.77%	–
SUPN	New	SUPERNUS PHARMACEUTICALS INC	$8,026,000	–	242,559	–	1.76%	–
NTCT	New	NETSCOUT SYSTEMS INC	$7,939,000	–	312,685	–	1.74%	–
JCOM	New	J2 GLOBAL INC	$7,706,000	–	86,679	–	1.69%	–
EME	New	EMCOR GROUP INC	$7,467,000	–	84,757	–	1.64%	–
PII	New	POLARIS INDUSTRIES INC	$7,128,000	–	78,131	–	1.56%	–
CORT	New	CORCEPT THERAPEUTICS INC	$7,023,000	–	629,826	–	1.54%	–
AABA	New	ALTABA INC	$6,888,000	–	99,299	–	1.51%	–
INTC	New	INTEL CORP	$6,790,000	–	141,852	–	1.49%	–
FMC	New	FMC CORP	$6,731,000	–	81,148	–	1.48%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELclass b	$6,514,000	–	30,560	–	1.43%	–
QUAD	New	QUAD / GRAPHICS INC	$6,503,000	–	822,013	–	1.42%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$6,425,000	–	55,577	–	1.41%	–
ABC	New	AMERISOURCEBERGEN CORP	$6,396,000	–	75,023	–	1.40%	–
FLEX	New	FLEX LTD	$6,374,000	–	666,105	–	1.40%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$5,863,000	–	346,930	–	1.28%	–
FL	New	FOOT LOCKER INC	$5,738,000	–	136,874	–	1.26%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$5,728,000	–	358,691	–	1.26%	–
MSFT	New	MICROSOFT CORP	$5,640,000	–	42,105	–	1.24%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$5,295,000	–	455,200	–	1.16%	–
MYGN	New	MYRIAD GENETICS INC	$4,633,000	–	166,772	–	1.02%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,261,000	–	74,589	–	0.93%	–
OXY	New	OCCIDENTAL PETE CORP	$4,207,000	–	83,660	–	0.92%	–
ARCC	New	ARES CAP CORP	$3,777,000	–	210,540	–	0.83%	–
F	New	FORD MTR CO DEL	$3,729,000	–	364,468	–	0.82%	–
DPLO	New	DIPLOMAT PHARMACY INC	$3,718,000	–	610,367	–	0.82%	–
MOS	New	MOSAIC CO NEW	$3,187,000	–	127,326	–	0.70%	–
MMM	New	3M CO	$2,949,000	–	17,011	–	0.65%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,878,000	–	9,765	–	0.63%	–
STND	New	STANDARD AVB FINANCIAL CORP	$2,849,000	–	103,815	–	0.62%	–
SJM	New	SMUCKER J M CO	$2,765,000	–	23,998	–	0.61%	–
PEP	New	PEPSICO INC	$2,640,000	–	20,134	–	0.58%	–
DOW	New	DOW INC	$2,608,000	–	52,886	–	0.57%	–
KMB	New	KIMBERLY CLARK CORP	$2,526,000	–	18,953	–	0.55%	–
NLSN	New	NIELSEN HLDGS PLC	$2,397,000	–	106,059	–	0.52%	–
ZAGG	New	ZAGG INC	$2,390,000	–	343,439	–	0.52%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,334,000	–	29,814	–	0.51%	–
FLO	New	FLOWERS FOODS INC	$2,301,000	–	98,885	–	0.50%	–
CL	New	COLGATE PALMOLIVE CO	$2,279,000	–	31,806	–	0.50%	–
ABT	New	ABBOTT LABS	$1,580,000	–	18,788	–	0.35%	–
VEA	New	VANGUARD FTSE DEVELOPED ETFftse dev mkt etf	$1,471,000	–	35,269	–	0.32%	–
LOW	New	LOWES COS INC	$1,415,000	–	14,025	–	0.31%	–
VWO	New	VANGUARD FTSE EMERGING MARKETftse emr mkt etf	$1,389,000	–	32,670	–	0.30%	–
CBFV	New	CB FINANCIAL SERVICES INC	$1,342,000	–	56,500	–	0.29%	–
PYPL	New	PAYPAL HLDGS INC	$1,226,000	–	10,713	–	0.27%	–
BA	New	BOEING CO	$1,180,000	–	3,240	–	0.26%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$963,000	–	5,762	–	0.21%	–
FREL	New	FIDELITYmsci rl est etf	$755,000	–	28,821	–	0.16%	–
NFG	New	NATIONAL FUEL GAS CO N J	$532,000	–	10,081	–	0.12%	–
SCHP	New	SCHWAB STRATEGIC TRus tips etf	$519,000	–	9,223	–	0.11%	–
PPG	New	PPG INDS INC	$345,000	–	2,957	–	0.08%	–
PNC	New	PNC FINL SVCS GROUP INC	$336,000	–	2,446	–	0.07%	–
IIVI	New	II VI INC	$292,000	–	8,000	–	0.06%	–
WVFC	New	WVS FINANCIAL CORP	$289,000	–	16,500	–	0.06%	–
PG	New	PROCTER AND GAMBLE CO	$271,000	–	2,472	–	0.06%	–
AAPL	New	APPLE INC	$207,000	–	1,048	–	0.04%	–
SBUX	New	STARBUCKS CORP	$201,000	–	2,400	–	0.04%	–
ASRV	New	AMERISERV FINL INC	$42,000	–	10,000	–	0.01%	–
	New	PRA GROUP INCnote 3.000% 8/0	$21,000	–	73,000	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-197	–	-0.00%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,029	–	-0.02%	–
	Exit	PRA GROUP INCnote 3.000% 8/0	$0	–	-145,000	–	-0.03%	–
T	Exit	AT&T INC	$0	–	-6,599	–	-0.04%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-3,288	–	-0.04%	–
CCNE	Exit	CNB FINL CORP PA	$0	–	-9,200	–	-0.05%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-4,444	–	-0.07%	–
IIVI	Exit	II VI INC	$0	–	-8,000	–	-0.07%	–
PPG	Exit	PPG INDS INC	$0	–	-3,557	–	-0.07%	–
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-11,717	–	-0.08%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,520	–	-0.09%	–
ATGE	Exit	ADTALEM GLOBAL EDUCATION INC	$0	–	-10,741	–	-0.10%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-10,200	–	-0.11%	–
SCHP	Exit	SCHWAB STRATEGIC TRus tips etf	$0	–	-11,820	–	-0.12%	–
FREL	Exit	FIDELITYmsci rl est etf	$0	–	-29,247	–	-0.13%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-11,791	–	-0.19%	–
VO	Exit	VANGUARD INDEX FDS	$0	–	-6,639	–	-0.20%	–
BA	Exit	BOEING CO	$0	–	-3,278	–	-0.23%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-4,234	–	-0.23%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-31,566	–	-0.24%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,992	–	-0.26%	–
LOW	Exit	LOWES COS INC	$0	–	-14,025	–	-0.30%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.32%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-43,985	–	-0.36%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-102,089	–	-0.36%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-36,478	–	-0.36%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-31,299	–	-0.39%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-18,851	–	-0.40%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-29,089	–	-0.40%	–
SJM	Exit	SMUCKER J M CO	$0	–	-21,467	–	-0.41%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-93,247	–	-0.48%	–
F	Exit	FORD MTR CO DEL	$0	–	-311,589	–	-0.54%	–
STND	Exit	STANDARD AVB FINANCIAL CORP	$0	–	-103,815	–	-0.60%	–
ARCC	Exit	ARES CAP CORP	$0	–	-200,837	–	-0.64%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-75,233	–	-0.75%	–
MMM	Exit	3M CO	$0	–	-21,391	–	-0.84%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-149,615	–	-0.91%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-56,016	–	-0.91%	–
FL	Exit	FOOT LOCKER INC	$0	–	-101,054	–	-0.96%	–
WEB	Exit	WEB COM GROUP INC	$0	–	-200,372	–	-1.04%	–
PEP	Exit	PEPSICO INC	$0	–	-61,492	–	-1.28%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-501,582	–	-1.34%	–
KEX	Exit	KIRBY CORP	$0	–	-90,685	–	-1.39%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-91,020	–	-1.40%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-165,071	–	-1.42%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELclass b	$0	–	-36,475	–	-1.46%	–
INTC	Exit	INTEL CORP	$0	–	-165,198	–	-1.46%	–
EME	Exit	EMCOR GROUP INC	$0	–	-104,524	–	-1.47%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-85,177	–	-1.47%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-457,697	–	-1.48%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-78,820	–	-1.49%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-67,953	–	-1.49%	–
FLEX	Exit	FLEX LTD	$0	–	-659,065	–	-1.62%	–
FMC	Exit	FMC CORP	$0	–	-99,783	–	-1.62%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-352,107	–	-1.63%	–
GME	Exit	GAMESTOP CORPclass a	$0	–	-577,948	–	-1.65%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-77,339	–	-1.65%	–
FHI	Exit	FEDERATED INVS INC PAclass b	$0	–	-370,728	–	-1.67%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-108,038	–	-1.67%	–
HTGC	Exit	HERCULES CAPITAL INC	$0	–	-683,581	–	-1.68%	–
AABA	Exit	ALTABA INC	$0	–	-136,566	–	-1.74%	–
CMI	Exit	CUMMINS INC	$0	–	-64,370	–	-1.76%	–
NTCT	Exit	NETSCOUT SYSTEMS INC	$0	–	-380,524	–	-1.79%	–
AMSF	Exit	AMERISAFE INC	$0	–	-158,572	–	-1.83%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-716,023	–	-1.88%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-204,175	–	-1.88%	–
WP	Exit	WORLDPAY INCclass a	$0	–	-100,710	–	-1.90%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-129,173	–	-2.05%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-124,929	–	-2.12%	–
PRAA	Exit	PRA GROUP INC	$0	–	-323,152	–	-2.17%	–
VOO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-44,215	–	-2.20%	–
ACM	Exit	AECOM	$0	–	-362,539	–	-2.21%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-257,362	–	-2.30%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-169,527	–	-2.32%	–
MDP	Exit	MEREDITH CORP	$0	–	-244,289	–	-2.33%	–
TTEK	Exit	TETRA TECH INC	$0	–	-185,512	–	-2.37%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-66,879	–	-2.49%	–
AXL	Exit	AMERICAN AXLE & MFG HOLDINGS	$0	–	-768,256	–	-2.50%	–
QUAD	Exit	QUAD / GRAPHICS INC	$0	–	-719,784	–	-2.80%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-297,104	–	-3.02%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-282,868	–	-3.09%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,173,089	–	-9.50%	–

Q3 2018

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$50,865,000	-0.7%	1,173,089	-0.9%	9.50%	-2.0%
WDC	Buy	WESTERN DIGITAL CORP	$16,559,000	+36.2%	282,868	+80.1%	3.09%	+34.4%
CF	Buy	CF INDUSTRIES HOLDINGS INC	$16,175,000	+23.8%	297,104	+1.0%	3.02%	+22.2%
QUAD	Buy	QUAD / GRAPHICS INC	$15,001,000	+6.1%	719,784	+6.0%	2.80%	+4.7%
AXL	New	AMERICAN AXLE & MFG HOLDINGS	$13,399,000	–	768,256	–	2.50%	–
FFIV	Sell	F5 NETWORKS INC	$13,336,000	+13.6%	66,879	-1.7%	2.49%	+12.2%
TTEK	Sell	TETRA TECH INC	$12,670,000	+15.3%	185,512	-1.2%	2.37%	+13.8%
MDP	Buy	MEREDITH CORP	$12,471,000	+2.3%	244,289	+2.2%	2.33%	+1.0%
FCN	Sell	FTI CONSULTING INC	$12,407,000	+18.8%	169,527	-1.8%	2.32%	+17.3%
THS	Sell	TREEHOUSE FOODS INC	$12,315,000	-9.5%	257,362	-0.7%	2.30%	-10.6%
ACM	Buy	AECOM	$11,841,000	+5.8%	362,539	+7.0%	2.21%	+4.4%
VOO	Sell	VANGUARD INDEX FDSmid cap etf	$11,808,000	+5.5%	44,215	-1.4%	2.20%	+4.1%
PRAA	Buy	PRA GROUP INC	$11,633,000	-5.5%	323,152	+1.2%	2.17%	-6.8%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$11,333,000	+8.4%	124,929	+15.5%	2.12%	+7.0%
XOM	Buy	EXXON MOBIL CORP	$10,982,000	+3.2%	129,173	+0.4%	2.05%	+1.8%
WP	Sell	WORLDPAY INCclass a	$10,198,000	+22.2%	100,710	-1.3%	1.90%	+20.6%
HURN	Buy	HURON CONSULTING GROUP INC	$10,086,000	+21.4%	204,175	+0.5%	1.88%	+19.8%
CORT	Buy	CORCEPT THERAPEUTICS INC	$10,039,000	+60.5%	716,023	+80.0%	1.88%	+58.5%
AMSF	Buy	AMERISAFE INC	$9,824,000	+7.6%	158,572	+0.3%	1.83%	+6.1%
NTCT	Buy	NETSCOUT SYSTEMS INC	$9,609,000	-8.0%	380,524	+8.2%	1.79%	-9.2%
CMI	Buy	CUMMINS INC	$9,403,000	+41.9%	64,370	+29.2%	1.76%	+40.1%
AABA	Buy	ALTABA INC	$9,302,000	-4.4%	136,566	+2.8%	1.74%	-5.6%
HTGC	Buy	HERCULES CAPITAL INC	$8,996,000	+4.9%	683,581	+0.9%	1.68%	+3.6%
JCOM	Sell	J2 GLOBAL INC	$8,952,000	-4.3%	108,038	-0.0%	1.67%	-5.5%
FHI	Buy	FEDERATED INVS INC PAclass b	$8,942,000	+17.7%	370,728	+13.8%	1.67%	+16.2%
MSFT	Sell	MICROSOFT CORP	$8,846,000	+14.4%	77,339	-1.4%	1.65%	+12.9%
GME	Buy	GAMESTOP CORPclass a	$8,825,000	+11.0%	577,948	+6.0%	1.65%	+9.6%
AEO	Sell	AMERICAN EAGLE OUTFITTERS	$8,743,000	-35.4%	352,107	-39.5%	1.63%	-36.2%
FMC	Sell	FMC CORP	$8,699,000	-2.6%	99,783	-0.4%	1.62%	-3.9%
FLEX	Buy	FLEX LTD	$8,647,000	+1.2%	659,065	+8.8%	1.62%	-0.1%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$7,996,000	+19.2%	67,953	-1.0%	1.49%	+17.7%
PII	Buy	POLARIS INDUSTRIES INC	$7,957,000	-16.3%	78,820	+1.4%	1.49%	-17.4%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$7,927,000	+25.9%	457,697	+0.9%	1.48%	+24.3%
ABC	Buy	AMERISOURCEBERGEN CORP	$7,855,000	+9.0%	85,177	+0.8%	1.47%	+7.6%
EME	Buy	EMCOR GROUP INC	$7,850,000	-1.4%	104,524	+0.0%	1.47%	-2.7%
INTC	Buy	INTEL CORP	$7,813,000	-4.4%	165,198	+0.5%	1.46%	-5.6%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELclass b	$7,809,000	+13.8%	36,475	-0.8%	1.46%	+12.3%
MYGN	Sell	MYRIAD GENETICS INC	$7,594,000	-37.0%	165,071	-48.9%	1.42%	-37.9%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$7,479,000	-0.1%	91,020	+1.8%	1.40%	-1.3%
KEX	Sell	KIRBY CORP	$7,459,000	-21.2%	90,685	-19.9%	1.39%	-22.3%
MDRX	Sell	ALLSCRIPTS HEALTHCARE SOLUTN	$7,148,000	-1.1%	501,582	-16.7%	1.34%	-2.3%
PEP	Sell	PEPSICO INC	$6,875,000	+2.6%	61,492	-0.1%	1.28%	+1.3%
WEB	Sell	WEB COM GROUP INC	$5,591,000	-47.7%	200,372	-51.6%	1.04%	-48.4%
FL	Buy	FOOT LOCKER INC	$5,151,000	+4.2%	101,054	+7.6%	0.96%	+2.9%
IJR	Sell	ISHARES TRcore s&p scp etf	$4,887,000	+0.3%	56,016	-4.0%	0.91%	-1.0%
MOS	Buy	MOSAIC CO NEW	$4,860,000	+16.2%	149,615	+0.3%	0.91%	+14.7%
MMM	Sell	3M CO	$4,507,000	+6.5%	21,391	-0.5%	0.84%	+5.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,016,000	+4.5%	75,233	-1.5%	0.75%	+3.2%
ARCC	Sell	ARES CAP CORP	$3,452,000	+4.4%	200,837	-0.1%	0.64%	+3.2%
F	Buy	FORD MTR CO DEL	$2,882,000	-12.4%	311,589	+4.8%	0.54%	-13.5%
NLSN	Buy	NIELSEN HLDGS PLC	$2,579,000	-3.7%	93,247	+7.7%	0.48%	-4.9%
SJM	Buy	SMUCKER J M CO	$2,203,000	-3.0%	21,467	+1.5%	0.41%	-4.4%
AJG	Sell	GALLAGHER ARTHUR J & CO	$2,165,000	+13.6%	29,089	-0.4%	0.40%	+11.9%
KMB	Sell	KIMBERLY CLARK CORP	$2,142,000	+7.8%	18,851	-0.1%	0.40%	+6.4%
CL	Buy	COLGATE PALMOLIVE CO	$2,095,000	+5.0%	31,299	+1.6%	0.39%	+3.4%
WFC	Buy	WELLS FARGO CO NEW	$1,918,000	-2.6%	36,478	+2.6%	0.36%	-4.0%
FLO	Buy	FLOWERS FOODS INC	$1,905,000	-9.4%	102,089	+1.1%	0.36%	-10.6%
VEA	Buy	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$1,903,000	+8.2%	43,985	+7.4%	0.36%	+6.6%
ABT	Sell	ABBOTT LABS	$1,394,000	+19.1%	18,992	-1.0%	0.26%	+17.6%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,294,000	-3.3%	31,566	-0.4%	0.24%	-4.3%
IVV	Sell	ISHARES TRcore s&p500 etf	$1,239,000	+5.9%	4,234	-1.2%	0.23%	+4.5%
BA	Sell	BOEING CO	$1,219,000	+8.6%	3,278	-1.9%	0.23%	+7.5%
PYPL	Sell	PAYPAL HLDGS INC	$1,036,000	-2.7%	11,791	-7.8%	0.19%	-4.0%
ATGE	Sell	ADTALEM GLOBAL EDUCATION INC	$518,000	-93.9%	10,741	-94.0%	0.10%	-94.0%
PNC	Sell	PNC FINL SVCS GROUP INC	$480,000	+1.1%	3,520	-0.0%	0.09%	0.0%
JNK	Buy	SPDR SERIES TRUSTbloomberg brclys	$422,000	+5.0%	11,717	+3.5%	0.08%	+3.9%
PG	Sell	PROCTER AND GAMBLE CO	$370,000	+1.4%	4,444	-5.0%	0.07%	0.0%
HFC	Sell	HOLLYFRONTIER CORP	$230,000	-55.4%	3,288	-56.4%	0.04%	-56.1%
T	Sell	AT&T INC	$222,000	-1.8%	6,599	-6.4%	0.04%	-4.7%
GE	Sell	GENERAL ELECTRIC CO	$113,000	-26.6%	10,029	-11.8%	0.02%	-27.6%
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-81,772	–	-1.19%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-346,390	–	-1.28%	–

Q2 2018

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$51,202,000	–	1,184,141	–	9.69%	–
QUAD	New	QUAD / GRAPHICS INC	$14,142,000	–	678,929	–	2.68%	–
THS	New	TREEHOUSE FOODS INC	$13,606,000	–	259,123	–	2.57%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$13,535,000	–	582,161	–	2.56%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$13,064,000	–	294,246	–	2.47%	–
PRAA	New	PRA GROUP INC	$12,315,000	–	319,455	–	2.33%	–
MDP	New	MEREDITH CORP	$12,186,000	–	238,929	–	2.31%	–
WDC	New	WESTERN DIGITAL CORP	$12,161,000	–	157,097	–	2.30%	–
MYGN	New	MYRIAD GENETICS INC	$12,062,000	–	322,780	–	2.28%	–
FFIV	New	F5 NETWORKS INC	$11,735,000	–	68,045	–	2.22%	–
ACM	New	AECOM	$11,194,000	–	338,892	–	2.12%	–
VOO	New	VANGUARD INDEX FDS	$11,194,000	–	44,865	–	2.12%	–
TTEK	New	TETRA TECH INC	$10,989,000	–	187,846	–	2.08%	–
WEB	New	WEB COM GROUP INC	$10,695,000	–	413,749	–	2.02%	–
XOM	New	EXXON MOBIL CORP	$10,645,000	–	128,672	–	2.01%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$10,457,000	–	108,192	–	1.98%	–
FCN	New	FTI CONSULTING INC	$10,443,000	–	172,671	–	1.98%	–
NTCT	New	NETSCOUT SYSTEMS INC	$10,441,000	–	351,544	–	1.98%	–
AABA	New	ALTABA INC	$9,730,000	–	132,905	–	1.84%	–
PII	New	POLARIS INDUSTRIES INC	$9,501,000	–	77,757	–	1.80%	–
KEX	New	KIRBY CORP	$9,471,000	–	113,285	–	1.79%	–
JCOM	New	J2 GLOBAL INC	$9,358,000	–	108,048	–	1.77%	–
AMSF	New	AMERISAFE INC	$9,132,000	–	158,117	–	1.73%	–
FMC	New	FMC CORP	$8,935,000	–	100,152	–	1.69%	–
HTGC	New	HERCULES CAPITAL INC	$8,575,000	–	677,792	–	1.62%	–
ATGE	New	ADTALEM GLOBAL EDUCATION INC	$8,540,000	–	177,545	–	1.62%	–
FLEX	New	FLEX LTD	$8,544,000	–	605,542	–	1.62%	–
WP	New	WORLDPAY INCclass a	$8,344,000	–	102,033	–	1.58%	–
HURN	New	HURON CONSULTING GROUP INC	$8,307,000	–	203,127	–	1.57%	–
INTC	New	INTEL CORP	$8,169,000	–	164,341	–	1.55%	–
EME	New	EMCOR GROUP INC	$7,961,000	–	104,506	–	1.51%	–
GME	New	GAMESTOP CORPclass a	$7,947,000	–	545,445	–	1.50%	–
MSFT	New	MICROSOFT CORP	$7,735,000	–	78,442	–	1.46%	–
FHI	New	FEDERATED INVESTORS INCclass b	$7,596,000	–	325,693	–	1.44%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$7,485,000	–	89,441	–	1.42%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$7,227,000	–	602,312	–	1.37%	–
ABC	New	AMERISOURCEBERGEN CORP	$7,206,000	–	84,510	–	1.36%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELclass b	$6,863,000	–	36,774	–	1.30%	–
TGI	New	TRIUMPH GROUP INC	$6,789,000	–	346,390	–	1.28%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$6,708,000	–	68,668	–	1.27%	–
PEP	New	PEPSICO INC	$6,699,000	–	61,532	–	1.27%	–
CMI	New	CUMMINS INC	$6,625,000	–	49,810	–	1.25%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,313,000	–	81,772	–	1.19%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$6,297,000	–	453,446	–	1.19%	–
CORT	New	CORCEPT THERAPEUTICS INC	$6,253,000	–	397,769	–	1.18%	–
FL	New	FOOT LOCKER INC	$4,942,000	–	93,874	–	0.94%	–
IJR	New	ISHARES TRcore s&p scp etf	$4,871,000	–	58,358	–	0.92%	–
MMM	New	3M CO	$4,230,000	–	21,505	–	0.80%	–
MOS	New	MOSAIC CO NEW	$4,183,000	–	149,126	–	0.79%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,844,000	–	76,409	–	0.73%	–
ARCC	New	ARES CAP CORP	$3,306,000	–	200,988	–	0.62%	–
F	New	FORD MTR CO DEL	$3,290,000	–	297,224	–	0.62%	–
STND	New	STANDARD AVB FINANCIAL CORP	$3,141,000	–	103,815	–	0.59%	–
NLSN	New	NIELSEN HLDGS PLC	$2,678,000	–	86,586	–	0.51%	–
SJM	New	SMUCKER J M CO	$2,272,000	–	21,145	–	0.43%	–
FLO	New	FLOWERS FOODS INC	$2,103,000	–	100,954	–	0.40%	–
CL	New	COLGATE PALMOLIVE CO	$1,996,000	–	30,807	–	0.38%	–
KMB	New	KIMBERLY CLARK CORP	$1,987,000	–	18,865	–	0.38%	–
WFC	New	WELLS FARGO CO NEW	$1,970,000	–	35,541	–	0.37%	–
CBFV	New	CB FINANCIAL SERVICES INC	$1,944,000	–	56,500	–	0.37%	–
AJG	New	GALLAGHER ARTHUR J & CO	$1,906,000	–	29,199	–	0.36%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$1,758,000	–	40,969	–	0.33%	–
LOW	New	LOWES COS INC	$1,340,000	–	14,025	–	0.25%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,338,000	–	31,696	–	0.25%	–
ABT	New	ABBOTT LABS	$1,170,000	–	19,186	–	0.22%	–
IVV	New	ISHARES TRcore s&p500 etf	$1,170,000	–	4,285	–	0.22%	–
BA	New	BOEING CO	$1,122,000	–	3,343	–	0.21%	–
PYPL	New	PAYPAL HLDGS INC	$1,065,000	–	12,788	–	0.20%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$1,047,000	–	6,639	–	0.20%	–
FREL	New	FIDELITY REAL ESTATE ETFmsci rl est etf	$718,000	–	29,247	–	0.14%	–
SCHP	New	SCHWAB STRATEGIC TRus tips etf	$649,000	–	11,820	–	0.12%	–
NFG	New	NATIONAL FUEL GAS CO N J	$540,000	–	10,200	–	0.10%	–
HFC	New	HOLLYFRONTIER CORP	$516,000	–	7,536	–	0.10%	–
PNC	New	PNC FINL SVCS GROUP INC	$475,000	–	3,521	–	0.09%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$402,000	–	11,317	–	0.08%	–
PPG	New	PPG INDS INC	$369,000	–	3,557	–	0.07%	–
PG	New	PROCTER AND GAMBLE CO	$365,000	–	4,678	–	0.07%	–
IIVI	New	II VI INC	$348,000	–	8,000	–	0.07%	–
WVFC	New	WVS FINANCIAL CORP	$273,000	–	16,500	–	0.05%	–
CCNE	New	CNB FINL CORP PA	$277,000	–	9,200	–	0.05%	–
T	New	AT&T INC	$226,000	–	7,050	–	0.04%	–
GE	New	GENERAL ELECTRIC CO	$154,000	–	11,369	–	0.03%	–
	New	PRA GROUP INCnote 3.00% 8/0	$141,000	–	145,000	–	0.03%	–
ASRV	New	AMERISERV FINL INC	$41,000	–	10,000	–	0.01%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$18,000	–	197	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-218	–	-0.00%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-197	–	-0.00%	–
DIS	Exit	WALT DISNEY CO/THE	$0	–	-346	–	-0.01%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
NUE	Exit	NUCOR CORP	$0	–	-1,107	–	-0.01%	–
CBTC	Exit	CBT FINANCIAL CORP	$0	–	-2,000	–	-0.01%	–
	Exit	PRA GROUP INCnote 3.000% 8/0	$0	–	-145,000	–	-0.02%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,373	–	-0.04%	–
PRXL	Exit	PAREXEL INTERNATIONAL CORP	$0	–	-2,451	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-1,949	–	-0.04%	–
CCNE	Exit	CNB FINL CORP PA	$0	–	-9,200	–	-0.04%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.05%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,797	–	-0.05%	–
MRK	Exit	MERCK & CO INC	$0	–	-4,601	–	-0.05%	–
FCF	Exit	FIRST COMWLTH FINL CORP PA	$0	–	-22,653	–	-0.06%	–
SCHP	Exit	SCHWAB STRATEGIC TRus tips etf	$0	–	-6,994	–	-0.07%	–
IIVI	Exit	II VI INC	$0	–	-9,420	–	-0.07%	–
PPG	Exit	PPG INDS INC	$0	–	-3,807	–	-0.07%	–
T	Exit	AT&T INC	$0	–	-11,333	–	-0.08%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,371	–	-0.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,537	–	-0.09%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-10,200	–	-0.10%	–
FREL	Exit	FIDELITYmsci rl est etf	$0	–	-31,559	–	-0.14%	–
BA	Exit	BOEING CO	$0	–	-3,336	–	-0.15%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-14,051	–	-0.16%	–
LOW	Exit	LOWES COS INC	$0	–	-14,025	–	-0.20%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-4,540	–	-0.20%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-8,261	–	-0.22%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.29%	–
VWO	Exit	VANGUARD TAX MANAGED INTL FDftse emr mkt etf	$0	–	-42,531	–	-0.33%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-103,972	–	-0.35%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-21,283	–	-0.36%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-33,859	–	-0.37%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-38,190	–	-0.38%	–
MDP	Exit	MEREDITH CORP	$0	–	-39,685	–	-0.39%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-18,887	–	-0.40%	–
SJM	Exit	SMUCKER J M CO	$0	–	-21,789	–	-0.41%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-32,295	–	-0.42%	–
TNH	Exit	TERRA NITROGEN CO L P	$0	–	-32,138	–	-0.47%	–
RUBI	Exit	RUBICON PROJ INC	$0	–	-706,983	–	-0.49%	–
STND	Exit	STANDARD AVB FINANCIAL CORP	$0	–	-103,815	–	-0.55%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-75,548	–	-0.56%	–
ABT	Exit	ABBOTT LABS	$0	–	-63,138	–	-0.60%	–
FL	Exit	FOOT LOCKER INC	$0	–	-101,271	–	-0.64%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-76,601	–	-0.68%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-110,938	–	-0.71%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-64,606	–	-0.86%	–
COH	Exit	COACH INC	$0	–	-121,987	–	-0.88%	–
AFSI	Exit	AMTRUST FINANCIAL SERVICES	$0	–	-419,308	–	-1.01%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-267,326	–	-1.03%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-97,774	–	-1.10%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-97,013	–	-1.11%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-28,284	–	-1.16%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-213,175	–	-1.30%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-303,799	–	-1.31%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-485,549	–	-1.36%	–
PEP	Exit	PEPSICO INC	$0	–	-71,857	–	-1.43%	–
RPXC	Exit	RPX CORP	$0	–	-611,542	–	-1.45%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-101,275	–	-1.48%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-100,915	–	-1.49%	–
INTC	Exit	INTEL CORP	$0	–	-228,147	–	-1.55%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-124,958	–	-1.65%	–
KEX	Exit	KIRBY CORP	$0	–	-141,707	–	-1.67%	–
VNTV	Exit	VANTIV INCclass a	$0	–	-132,607	–	-1.67%	–
MMM	Exit	3M CO	$0	–	-45,916	–	-1.72%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-81,179	–	-1.75%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-704,876	–	-1.79%	–
CMI	Exit	CUMMINS INC	$0	–	-59,733	–	-1.79%	–
BRKB	Exit	BERKSHIRE HATHAWAY INCclass b	$0	–	-54,789	–	-1.79%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-89,793	–	-1.83%	–
HAWK	Exit	BLACKHAWK NETWORK HLDGS INC	$0	–	-240,885	–	-1.88%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-101,885	–	-1.90%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-144,164	–	-1.92%	–
AABA	Exit	ALTABA INC	$0	–	-162,426	–	-1.92%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-305,566	–	-1.94%	–
WEB	Exit	WEB COM GROUP INC	$0	–	-439,956	–	-1.96%	–
GME	Exit	GAMESTOP CORPclass a	$0	–	-550,720	–	-2.03%	–
FHI	Exit	FEDERATED INVESTORS INCclass b	$0	–	-383,604	–	-2.03%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-397,577	–	-2.11%	–
EME	Exit	EMCOR GROUP INC	$0	–	-171,122	–	-2.12%	–
TTEK	Exit	TETRA TECH INC	$0	–	-256,458	–	-2.13%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-355,631	–	-2.23%	–
ATGE	Exit	ADTALEM GLOBAL EDUCATION INC	$0	–	-351,008	–	-2.25%	–
FMC	Exit	FMC CORP	$0	–	-142,324	–	-2.27%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-125,571	–	-2.28%	–
PRAA	Exit	PRA GROUP INC	$0	–	-456,180	–	-2.33%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-937,655	–	-2.39%	–
FLEX	Exit	FLEX LTDord	$0	–	-832,224	–	-2.46%	–
ACM	Exit	AECOM	$0	–	-410,071	–	-2.69%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-179,800	–	-2.77%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-487,501	–	-3.15%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,214,182	–	-8.58%	–

Q3 2017

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$48,057,000	+4.3%	1,214,182	-5.5%	8.58%	+2.4%
MYGN	Sell	MYRIAD GENETICS INC	$17,637,000	+33.2%	487,501	-4.9%	3.15%	+30.8%
WDC	Sell	WESTERN DIGITAL CORP	$15,534,000	-32.2%	179,800	-30.5%	2.77%	-33.4%
ACM	Sell	AECOM	$15,095,000	+13.2%	410,071	-0.6%	2.69%	+11.1%
FLEX	Sell	FLEX LTDord	$13,790,000	-0.1%	832,224	-1.7%	2.46%	-2.0%
AEO	Buy	AMERICAN EAGLE OUTFITTERS	$13,409,000	+20.0%	937,655	+1.1%	2.39%	+17.8%
PRAA	Sell	PRA GROUP INC	$13,069,000	-28.4%	456,180	-5.3%	2.33%	-29.7%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$12,796,000	+5.9%	125,571	-0.3%	2.28%	+4.0%
FMC	Sell	FMC CORP	$12,711,000	+21.3%	142,324	-0.8%	2.27%	+19.1%
ATGE	Sell	ADTALEM GLOBAL EDUCATION INC	$12,584,000	-6.4%	351,008	-0.9%	2.25%	-8.1%
CF	Buy	CF INDUSTRIES HOLDINGS INC	$12,504,000	+28.4%	355,631	+2.1%	2.23%	+26.2%
TTEK	Buy	TETRA TECH INC	$11,938,000	+2.6%	256,458	+0.8%	2.13%	+0.8%
EME	Buy	EMCOR GROUP INC	$11,873,000	+6.8%	171,122	+0.7%	2.12%	+4.9%
TGI	Sell	TRIUMPH GROUP INC	$11,828,000	-9.3%	397,577	-3.6%	2.11%	-10.9%
FHI	Sell	FEDERATED INVESTORS INCclass b	$11,393,000	+4.3%	383,604	-0.8%	2.03%	+2.4%
GME	Buy	GAMESTOP CORPclass a	$11,378,000	-2.5%	550,720	+2.0%	2.03%	-4.2%
WEB	Sell	WEB COM GROUP INC	$10,999,000	-2.0%	439,956	-0.8%	1.96%	-3.8%
FCN	Buy	FTI CONSULTING INC	$10,842,000	+2.1%	305,566	+0.5%	1.94%	+0.2%
AABA	Buy	ALTABA INC	$10,759,000	+1104.8%	162,426	+890.9%	1.92%	+1085.2%
MSFT	Sell	MICROSOFT CORP	$10,738,000	+5.9%	144,164	-2.0%	1.92%	+4.0%
PII	Sell	POLARIS INDUSTRIES INC	$10,660,000	+10.1%	101,885	-3.0%	1.90%	+8.1%
HAWK	Sell	BLACKHAWK NETWORK HLDGS INC	$10,551,000	-0.3%	240,885	-0.8%	1.88%	-2.1%
CHKP	Sell	CHECK POINT SOFTWARE TECH	$10,238,000	-4.8%	89,793	-8.9%	1.83%	-6.5%
BRKB	Sell	BERKSHIRE HATHAWAY INCclass b	$10,043,000	+4.5%	54,789	-3.4%	1.79%	+2.6%
CMI	Sell	CUMMINS INC	$10,037,000	+2.7%	59,733	-0.9%	1.79%	+0.8%
MDRX	Sell	ALLSCRIPTS HEALTHCARE SOLUTN	$10,031,000	+11.4%	704,876	-0.1%	1.79%	+9.3%
FFIV	Buy	F5 NETWORKS INC	$9,787,000	-3.5%	81,179	+1.6%	1.75%	-5.3%
MMM	Sell	3M CO	$9,638,000	-18.4%	45,916	-19.0%	1.72%	-19.9%
VNTV	Buy	VANTIV INCclass a	$9,345,000	+11.5%	132,607	+0.2%	1.67%	+9.5%
KEX	Buy	KIRBY CORP	$9,346,000	-0.1%	141,707	+1.3%	1.67%	-1.9%
JCOM	Sell	J2 GLOBAL INC	$9,232,000	-13.4%	124,958	-0.2%	1.65%	-14.9%
INTC	Sell	INTEL CORP	$8,687,000	+10.9%	228,147	-1.8%	1.55%	+8.8%
ABC	Sell	AMERISOURCEBERGEN CORP	$8,350,000	-13.2%	100,915	-0.9%	1.49%	-14.8%
XOM	Sell	EXXON MOBIL CORP	$8,303,000	-2.7%	101,275	-4.2%	1.48%	-4.4%
RPXC	New	RPX CORP	$8,121,000	–	611,542	–	1.45%	–
PEP	Sell	PEPSICO INC	$8,007,000	-6.7%	71,857	-3.3%	1.43%	-8.3%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$7,633,000	-8.3%	485,549	+1.6%	1.36%	-9.9%
GE	Buy	GENERAL ELECTRIC CO	$7,346,000	-10.3%	303,799	+0.3%	1.31%	-11.8%
HURN	Buy	HURON CONSULTING GROUP INC	$7,312,000	-18.3%	213,175	+2.9%	1.30%	-19.7%
VOO	Buy	VANGUARD INDEX FDS	$6,526,000	+83.2%	28,284	+76.3%	1.16%	+80.1%
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$6,229,000	+8.0%	97,013	+0.7%	1.11%	+6.1%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$6,191,000	-1.1%	97,774	-0.2%	1.10%	-2.8%
MOS	Buy	MOSAIC CO NEW	$5,772,000	+3.0%	267,326	+8.9%	1.03%	+1.2%
AFSI	Sell	AMTRUST FINANCIAL SERVICES	$5,644,000	-18.0%	419,308	-7.8%	1.01%	-19.4%
COH	Sell	COACH INC	$4,913,000	-16.5%	121,987	-1.9%	0.88%	-18.0%
IJR	Sell	ISHARES TRcore s&p scp etf	$4,795,000	+4.8%	64,606	-1.1%	0.86%	+2.9%
HFC	Buy	HOLLYFRONTIER CORP	$3,990,000	+33.6%	110,938	+2.1%	0.71%	+31.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,791,000	+8.1%	76,601	-2.5%	0.68%	+6.3%
FL	Buy	FOOT LOCKER INC	$3,567,000	-28.0%	101,271	+0.8%	0.64%	-29.2%
ABT	Sell	ABBOTT LABS	$3,369,000	+6.3%	63,138	-3.2%	0.60%	+4.3%
NLSN	Buy	NIELSEN HLDGS PLC	$3,132,000	+11.3%	75,548	+3.8%	0.56%	+9.4%
RUBI	Buy	RUBICON PROJ INC	$2,750,000	-20.3%	706,983	+5.3%	0.49%	-21.7%
TNH	Buy	TERRA NITROGEN CO L P	$2,627,000	-3.0%	32,138	+1.9%	0.47%	-4.7%
CL	Buy	COLGATE PALMOLIVE CO	$2,352,000	-1.4%	32,295	+0.4%	0.42%	-3.0%
SJM	Buy	SMUCKER J M CO	$2,286,000	-7.4%	21,789	+4.4%	0.41%	-9.1%
KMB	Sell	KIMBERLY CLARK CORP	$2,223,000	-12.5%	18,887	-4.0%	0.40%	-14.1%
MDP	Buy	MEREDITH CORP	$2,202,000	-5.2%	39,685	+1.5%	0.39%	-6.9%
WFC	Buy	WELLS FARGO & CO	$2,106,000	+7.0%	38,190	+7.5%	0.38%	+5.0%
AJG	Sell	GALLAGHER ARTHUR J & CO	$2,084,000	+5.3%	33,859	-2.1%	0.37%	+3.3%
FLO	Buy	FLOWERS FOODS INC	$1,955,000	+11.2%	103,972	+2.3%	0.35%	+9.4%
VWO	Buy	VANGUARD TAX MANAGED INTL FDftse emr mkt etf	$1,849,000	+290.1%	42,531	+266.7%	0.33%	+283.7%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$1,214,000	+34.4%	8,261	+30.3%	0.22%	+32.3%
IVV	Sell	ISHARES TRcore s&p500 etf	$1,149,000	-0.9%	4,540	-4.6%	0.20%	-2.8%
PYPL	Buy	PAYPAL HLDGS INC	$900,000	+21.1%	14,051	+1.5%	0.16%	+19.3%
FREL	Buy	FIDELITYmsci rl est etf	$766,000	+99.5%	31,559	+99.3%	0.14%	+95.7%
PG	Sell	PROCTER AND GAMBLE CO	$503,000	-14.7%	5,537	-18.1%	0.09%	-15.9%
T	Sell	AT&T INC	$444,000	-23.3%	11,333	-26.2%	0.08%	-24.8%
FCF	Sell	FIRST COMWLTH FINL CORP PA	$320,000	+10.7%	22,653	-0.5%	0.06%	+7.5%
PRXL	Sell	PAREXEL INTERNATIONAL CORP	$216,000	-97.4%	2,451	-97.5%	0.04%	-97.4%
ABBV	New	ABBVIE INC	$211,000	–	2,373	–	0.04%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-3,329	–	-0.04%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-1,950	–	-0.06%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,556	–	-0.06%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-4,793	–	-0.07%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-11,611	–	-0.09%	–

Q2 2017

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$46,067,000	–	1,284,626	–	8.37%	–
WDC	New	WESTERN DIGITAL CORP	$22,916,000	–	258,646	–	4.16%	–
PRAA	New	PRA GROUP INC	$18,250,000	–	481,525	–	3.32%	–
FLEX	New	FLEX LTD	$13,810,000	–	846,681	–	2.51%	–
ATGE	New	ADTALEM GLOBAL ED INC	$13,442,000	–	354,197	–	2.44%	–
ACM	New	AECOM	$13,337,000	–	412,516	–	2.42%	–
MYGN	New	MYRIAD GENETICS INC	$13,245,000	–	512,581	–	2.41%	–
TGI	New	TRIUMPH GROUP INC	$13,037,000	–	412,575	–	2.37%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$12,084,000	–	125,941	–	2.20%	–
MMM	New	3M CO	$11,806,000	–	56,709	–	2.15%	–
GME	New	GAMESTOP CORPclass a	$11,670,000	–	540,002	–	2.12%	–
TTEK	New	TETRA TECH INC	$11,640,000	–	254,410	–	2.12%	–
WEB	New	WEB COM GROUP INC	$11,224,000	–	443,603	–	2.04%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$11,175,000	–	927,426	–	2.03%	–
EME	New	EMCOR GROUP INC	$11,114,000	–	169,990	–	2.02%	–
FHI	New	FEDERATED INVS INC PAclass b	$10,924,000	–	386,680	–	1.98%	–
CHKP	New	CHECK POINT SOFTWARE TECH LT	$10,755,000	–	98,601	–	1.96%	–
JCOM	New	J2 GLOBAL INC	$10,655,000	–	125,227	–	1.94%	–
FCN	New	FTI CONSULTING INC	$10,624,000	–	303,898	–	1.93%	–
HAWK	New	BLACKHAWK NETWORK HLDGS INC	$10,588,000	–	242,856	–	1.92%	–
FMC	New	FMC CORP	$10,482,000	–	143,496	–	1.90%	–
FFIV	New	F5 NETWORKS INC	$10,147,000	–	79,862	–	1.84%	–
MSFT	New	MICROSOFT CORP	$10,142,000	–	147,130	–	1.84%	–
CMI	New	CUMMINS INC	$9,774,000	–	60,256	–	1.78%	–
CF	New	CF INDS HLDGS INC	$9,736,000	–	348,231	–	1.77%	–
PII	New	POLARIS INDS INC	$9,685,000	–	105,009	–	1.76%	–
ABC	New	AMERISOURCEBERGEN CORP	$9,624,000	–	101,815	–	1.75%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELclass b	$9,608,000	–	56,728	–	1.75%	–
KEX	New	KIRBY CORP	$9,355,000	–	139,947	–	1.70%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$9,006,000	–	705,807	–	1.64%	–
HURN	New	HURON CONSULTING GROUP INC	$8,946,000	–	207,085	–	1.63%	–
PEP	New	PEPSICO INC	$8,580,000	–	74,288	–	1.56%	–
XOM	New	EXXON MOBIL CORP	$8,536,000	–	105,732	–	1.55%	–
PRXL	New	PAREXEL INTL CORP	$8,416,000	–	96,838	–	1.53%	–
VNTV	New	VANTIV INCclass a	$8,380,000	–	132,296	–	1.52%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$8,320,000	–	477,814	–	1.51%	–
GE	New	GENERAL ELECTRIC CO	$8,185,000	–	302,999	–	1.49%	–
INTC	New	INTEL CORP	$7,836,000	–	232,259	–	1.42%	–
AFSI	New	AMTRUST FINL SVCS INC	$6,881,000	–	454,559	–	1.25%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,257,000	–	97,998	–	1.14%	–
COH	New	COACH INC	$5,886,000	–	124,339	–	1.07%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$5,769,000	–	96,366	–	1.05%	–
MOS	New	MOSAIC CO NEW	$5,602,000	–	245,368	–	1.02%	–
FL	New	FOOT LOCKER INC	$4,951,000	–	100,466	–	0.90%	–
IJR	New	ISHARES TRcore s&p scp etf	$4,577,000	–	65,292	–	0.83%	–
VOO	New	VANGUARD INDEX FDS	$3,562,000	–	16,040	–	0.65%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,507,000	–	78,530	–	0.64%	–
RUBI	New	RUBICON PROJ INC	$3,449,000	–	671,194	–	0.63%	–
ABT	New	ABBOTT LABS	$3,170,000	–	65,215	–	0.58%	–
HFC	New	HOLLYFRONTIER CORP	$2,986,000	–	108,657	–	0.54%	–
STND	New	STANDARD AVB FINANCIAL CORP	$2,933,000	–	103,815	–	0.53%	–
NLSN	New	NIELSEN HLDGS PLC	$2,813,000	–	72,783	–	0.51%	–
TNH	New	TERRA NITROGEN CO L P	$2,709,000	–	31,554	–	0.49%	–
KMB	New	KIMBERLY CLARK CORP	$2,541,000	–	19,676	–	0.46%	–
SJM	New	SMUCKER J M CO	$2,468,000	–	20,864	–	0.45%	–
CL	New	COLGATE PALMOLIVE CO	$2,385,000	–	32,171	–	0.43%	–
MDP	New	MEREDITH CORP	$2,324,000	–	39,091	–	0.42%	–
AJG	New	GALLAGHER ARTHUR J & CO	$1,980,000	–	34,587	–	0.36%	–
WFC	New	WELLS FARGO CO NEW	$1,968,000	–	35,526	–	0.36%	–
JPM	New	JPMORGAN CHASE & CO	$1,945,000	–	21,283	–	0.35%	–
FLO	New	FLOWERS FOODS INC	$1,758,000	–	101,602	–	0.32%	–
CBFV	New	CB FINANCIAL SERVICES INC	$1,466,000	–	56,500	–	0.27%	–
IVV	New	ISHARES TRcore s&p500 etf	$1,159,000	–	4,761	–	0.21%	–
LOW	New	LOWES COS INC	$1,087,000	–	14,025	–	0.20%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$903,000	–	6,338	–	0.16%	–
AABA	New	ALTABA INC	$893,000	–	16,392	–	0.16%	–
PYPL	New	PAYPAL HLDGS INC	$743,000	–	13,849	–	0.14%	–
BA	New	BOEING CO	$659,000	–	3,336	–	0.12%	–
PG	New	PROCTER AND GAMBLE CO	$590,000	–	6,762	–	0.11%	–
T	New	AT&T INC	$579,000	–	15,365	–	0.10%	–
NFG	New	NATIONAL FUEL GAS CO N J	$570,000	–	10,200	–	0.10%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$480,000	–	11,611	–	0.09%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$474,000	–	11,598	–	0.09%	–
PNC	New	PNC FINL SVCS GROUP INC	$421,000	–	3,371	–	0.08%	–
PPG	New	PPG INDS INC	$419,000	–	3,807	–	0.08%	–
SCHP	New	SCHWAB STRATEGIC TRus tips etf	$385,000	–	6,994	–	0.07%	–
FREL	New	FIDELITYmsci rl est etf	$384,000	–	15,838	–	0.07%	–
PRGO	New	PERRIGO CO PLC	$362,000	–	4,793	–	0.07%	–
JNJ	New	JOHNSON & JOHNSON	$338,000	–	2,556	–	0.06%	–
IIVI	New	II VI INC	$323,000	–	9,420	–	0.06%	–
ROK	New	ROCKWELL AUTOMATION INC	$316,000	–	1,950	–	0.06%	–
MRK	New	MERCK & CO INC	$295,000	–	4,601	–	0.05%	–
FCF	New	FIRST COMWLTH FINL CORP PA	$289,000	–	22,761	–	0.05%	–
MCD	New	MCDONALDS CORP	$275,000	–	1,797	–	0.05%	–
WVFC	New	WVS FINANCIAL CORP	$266,000	–	16,500	–	0.05%	–
PM	New	PHILIP MORRIS INTL INC	$228,000	–	1,949	–	0.04%	–
CCNE	New	CNB FINL CORP PA	$221,000	–	9,200	–	0.04%	–
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$217,000	–	3,329	–	0.04%	–
	New	PRA GROUP INCnote 3.000% 8/0	$138,000	–	145,000	–	0.02%	–
CBTC	New	CBT FINANCIAL CORP	$74,000	–	2,000	–	0.01%	–
NUE	New	NUCOR CORP	$64,000	–	1,107	–	0.01%	–
ASRV	New	AMERISERV FINL INC	$42,000	–	10,000	–	0.01%	–
DIS	New	WALT DISNEY CO	$37,000	–	346	–	0.01%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$21,000	–	197	–	0.00%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$8,000	–	218	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
MNBP	Exit	MARS NATIONAL BANCORP INC	$0	–	-185	–	-0.01%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.04%	–
GIS	Exit	GENERAL MLS INC	$0	–	-3,460	–	-0.04%	–
MRK	Exit	MERCK & CO INC	$0	–	-4,001	–	-0.04%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,150	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,831	–	-0.05%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,371	–	-0.05%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,898	–	-0.06%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-4,255	–	-0.06%	–
FCF	Exit	FIRST COMWLTH FINL CORP PA	$0	–	-38,793	–	-0.06%	–
TSC	Exit	TRISTATE CAPITAL HLDGS INC	$0	–	-25,000	–	-0.07%	–
PPG	Exit	PPG INDS INC	$0	–	-4,130	–	-0.07%	–
BA	Exit	BOEING CO	$0	–	-3,336	–	-0.07%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-10,200	–	-0.09%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-6,617	–	-0.10%	–
T	Exit	AT&T INC	$0	–	-15,465	–	-0.10%	–
YHOO	Exit	YAHOO INC	$0	–	-15,972	–	-0.11%	–
LOW	Exit	LOWES COS INC	$0	–	-14,025	–	-0.17%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-5,016	–	-0.18%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.22%	–
CBTC	Exit	CBT FINANCIAL CORP	$0	–	-48,452	–	-0.24%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-21,733	–	-0.24%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-33,666	–	-0.25%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-36,355	–	-0.31%	–
MDP	Exit	MEREDITH CORP	$0	–	-37,420	–	-0.32%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-16,975	–	-0.36%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-32,037	–	-0.39%	–
ABT	Exit	ABBOTT LABS	$0	–	-59,222	–	-0.42%	–
SJM	Exit	SMUCKER J M CO	$0	–	-19,157	–	-0.43%	–
MASI	Exit	MASIMO CORP	$0	–	-45,180	–	-0.45%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-134,353	–	-0.55%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-73,634	–	-0.64%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-40,755	–	-0.84%	–
COH	Exit	COACH INC	$0	–	-141,274	–	-0.86%	–
TNH	Exit	TERRA NITROGEN COMPANY LP	$0	–	-54,474	–	-1.02%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-267,945	–	-1.09%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-246,155	–	-1.14%	–
AVLY	Exit	ALLEGHENY VALLEY BANCORP PA	$0	–	-145,229	–	-1.15%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-100,013	–	-1.17%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-114,288	–	-1.38%	–
FHI	Exit	FEDERATED INVESTORS INCclass b	$0	–	-296,272	–	-1.46%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LT	$0	–	-119,379	–	-1.54%	–
PEP	Exit	PEPSICO INC	$0	–	-85,482	–	-1.54%	–
CMI	Exit	CUMMINS INC	$0	–	-72,738	–	-1.55%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-118,670	–	-1.59%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-401,099	–	-1.62%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-338,502	–	-1.66%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-131,719	–	-1.69%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-117,437	–	-1.70%	–
HAWK	Exit	BLACKHAWK NETWORK HLDGS INC	$0	–	-340,122	–	-1.70%	–
VNTV	Exit	VANTIV INCclass a	$0	–	-183,077	–	-1.71%	–
INTC	Exit	INTEL CORP	$0	–	-274,610	–	-1.72%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELclass b	$0	–	-72,835	–	-1.75%	–
PRXL	Exit	PAREXEL INTERNATIONAL CORP	$0	–	-153,347	–	-1.77%	–
FMC	Exit	FMC CORP	$0	–	-221,412	–	-1.78%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-189,748	–	-1.82%	–
WEB	Exit	WEB COM GROUP INC	$0	–	-634,734	–	-1.82%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-185,172	–	-1.84%	–
KEX	Exit	KIRBY CORP	$0	–	-181,908	–	-1.88%	–
DV	Exit	DEVRY EDUCATION GROUP INC	$0	–	-506,113	–	-1.94%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-176,492	–	-1.95%	–
MMM	Exit	3M CO	$0	–	-69,016	–	-2.02%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-685,172	–	-2.03%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-644,837	–	-2.20%	–
NSR	Exit	NEUSTAR INCclass a	$0	–	-541,311	–	-2.39%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-192,259	–	-2.43%	–
AFSI	Exit	AMTRUST FINANCIAL SERVICES	$0	–	-574,527	–	-2.56%	–
GME	Exit	GAMESTOP CORPclass a	$0	–	-562,715	–	-2.58%	–
TTEK	Exit	TETRA TECH INC	$0	–	-461,663	–	-2.72%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-134,002	–	-2.77%	–
ACM	Exit	AECOM	$0	–	-575,061	–	-2.84%	–
FLEX	Exit	FLEX LTD	$0	–	-1,269,127	–	-2.87%	–
EME	Exit	EMCOR GROUP INC	$0	–	-333,930	–	-3.31%	–
PRAA	Exit	PRA GROUP INC	$0	–	-619,358	–	-3.55%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-370,203	–	-3.59%	–
LOCK	Exit	LIFELOCK INC	$0	–	-1,601,707	–	-4.50%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,396,056	–	-6.72%	–

Q3 2016

			Value		Shares		↓ Weighting
STBA	Buy	S & T BANCORP INC	$40,471,000	+20.8%	1,396,056	+1.9%	6.72%	+22.7%
LOCK	Sell	LIFELOCK INC	$27,101,000	-9.5%	1,601,707	-15.4%	4.50%	-8.1%
WDC	Sell	WESTERN DIGITAL CORP	$21,646,000	+6.6%	370,203	-13.9%	3.59%	+8.2%
PRAA	Sell	PRA GROUP INC	$21,392,000	+26.3%	619,358	-11.7%	3.55%	+28.2%
EME	Sell	EMCOR GROUP INC	$19,909,000	+3.4%	333,930	-14.6%	3.31%	+5.0%
FLEX	Sell	FLEX LTD	$17,286,000	+3.0%	1,269,127	-10.8%	2.87%	+4.5%
ACM	Sell	AECOM	$17,097,000	-13.8%	575,061	-7.8%	2.84%	-12.5%
FFIV	Sell	F5 NETWORKS INC	$16,702,000	-1.7%	134,002	-10.2%	2.77%	-0.2%
TTEK	Sell	TETRA TECH INC	$16,375,000	-0.2%	461,663	-13.5%	2.72%	+1.3%
GME	Sell	GAMESTOP CORPclass a	$15,526,000	-1.1%	562,715	-4.7%	2.58%	+0.4%
AFSI	Sell	AMTRUST FINANCIAL SERVICES	$15,415,000	+0.3%	574,527	-8.4%	2.56%	+1.8%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$14,638,000	-14.0%	192,259	-28.5%	2.43%	-12.7%
NSR	Sell	NEUSTAR INCclass a	$14,394,000	-0.9%	541,311	-12.4%	2.39%	+0.5%
MYGN	Buy	MYRIAD GENETICS INC	$13,270,000	+29.0%	644,837	+91.9%	2.20%	+31.0%
AEO	Sell	AMERICAN EAGLE OUTFITTERS	$12,237,000	+0.5%	685,172	-10.3%	2.03%	+2.1%
MMM	Sell	3M CO	$12,162,000	-6.5%	69,016	-7.1%	2.02%	-5.1%
JCOM	Sell	J2 GLOBAL INC	$11,757,000	-5.5%	176,492	-10.4%	1.95%	-4.1%
DV	New	DEVRY EDUCATION GROUP INC	$11,671,000	–	506,113	–	1.94%	–
KEX	Sell	KIRBY CORP	$11,307,000	-5.1%	181,908	-4.7%	1.88%	-3.6%
HURN	Buy	HURON CONSULTING GROUP INC	$11,066,000	+0.8%	185,172	+1.9%	1.84%	+2.3%
WEB	Sell	WEB COM GROUP INC	$10,962,000	-10.4%	634,734	-5.7%	1.82%	-9.0%
MSFT	Sell	MICROSOFT CORP	$10,929,000	+4.6%	189,748	-7.1%	1.82%	+6.1%
FMC	Sell	FMC CORP	$10,703,000	-4.8%	221,412	-8.8%	1.78%	-3.4%
PRXL	Sell	PAREXEL INTERNATIONAL CORP	$10,650,000	-0.6%	153,347	-10.0%	1.77%	+0.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELclass b	$10,523,000	-9.8%	72,835	-9.6%	1.75%	-8.4%
INTC	Sell	INTEL CORP	$10,367,000	+7.6%	274,610	-6.5%	1.72%	+9.2%
VNTV	Sell	VANTIV INCclass a	$10,302,000	-7.1%	183,077	-6.6%	1.71%	-5.7%
HAWK	Sell	BLACKHAWK NETWORK HLDGS INC	$10,261,000	-13.2%	340,122	-3.6%	1.70%	-11.8%
XOM	Sell	EXXON MOBIL CORP	$10,249,000	-12.0%	117,437	-5.4%	1.70%	-10.7%
PII	Sell	POLARIS INDUSTRIES INC	$10,200,000	-11.0%	131,719	-6.0%	1.69%	-9.6%
GE	Sell	GENERAL ELECTRIC CO	$10,026,000	-12.3%	338,502	-6.8%	1.66%	-11.0%
CF	Sell	CF INDUSTRIES HOLDINGS INC	$9,766,000	-3.4%	401,099	-4.4%	1.62%	-1.9%
ABC	Sell	AMERISOURCEBERGEN CORP	$9,586,000	-6.0%	118,670	-7.7%	1.59%	-4.6%
CMI	Sell	CUMMINS INC	$9,321,000	+6.6%	72,738	-6.5%	1.55%	+8.2%
PEP	Sell	PEPSICO INC	$9,297,000	-6.0%	85,482	-8.4%	1.54%	-4.6%
CHKP	New	CHECK POINT SOFTWARE TECH LT	$9,265,000	–	119,379	–	1.54%	–
FHI	Sell	FEDERATED INVESTORS INCclass b	$8,779,000	-3.3%	296,272	-6.1%	1.46%	-1.8%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$8,334,000	-10.9%	114,288	-7.6%	1.38%	-9.5%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$7,054,000	-15.6%	100,013	-9.3%	1.17%	-14.3%
AVLY	Buy	ALLEGHENY VALLEY BANCORP PA	$6,942,000	+19.8%	145,229	+0.3%	1.15%	+21.6%
TGI	Sell	TRIUMPH GROUP INC	$6,863,000	-25.4%	246,155	-5.0%	1.14%	-24.3%
MOS	Sell	MOSAIC CO NEW	$6,554,000	-14.1%	267,945	-8.1%	1.09%	-12.8%
TNH	Sell	TERRA NITROGEN COMPANY LP	$6,119,000	+0.6%	54,474	-6.4%	1.02%	+2.1%
COH	Sell	COACH INC	$5,165,000	-30.4%	141,274	-22.4%	0.86%	-29.3%
IJR	Sell	ISHARES TRcore s&p scp etf	$5,060,000	+5.9%	40,755	-0.9%	0.84%	+7.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,828,000	-16.8%	73,634	-10.7%	0.64%	-15.5%
HFC	Sell	HOLLYFRONTIER CORP	$3,292,000	-6.5%	134,353	-9.3%	0.55%	-5.0%
MASI	Sell	MASIMO CORP	$2,688,000	-10.9%	45,180	-21.4%	0.45%	-9.7%
SJM	Sell	SMUCKER J M CO	$2,597,000	-28.7%	19,157	-19.8%	0.43%	-27.7%
ABT	Sell	ABBOTT LABS	$2,505,000	-7.2%	59,222	-13.7%	0.42%	-5.9%
CL	Sell	COLGATE PALMOLIVE CO	$2,375,000	-17.2%	32,037	-18.3%	0.39%	-16.0%
KMB	Sell	KIMBERLY CLARK CORP	$2,141,000	-24.9%	16,975	-18.1%	0.36%	-23.6%
MDP	Sell	MEREDITH CORP	$1,946,000	-1.9%	37,420	-2.1%	0.32%	-0.6%
AJG	Sell	GALLAGHER ARTHUR J & CO	$1,849,000	+4.8%	36,355	-1.9%	0.31%	+6.2%
WFC	Sell	WELLS FARGO & CO	$1,491,000	-26.6%	33,666	-21.5%	0.25%	-25.3%
JPM	Sell	JPMORGAN CHASE & CO	$1,447,000	+6.7%	21,733	-0.5%	0.24%	+8.1%
IVV	Sell	ISHARES TRcore s&p500 etf	$1,091,000	-5.0%	5,016	-8.1%	0.18%	-3.7%
YHOO	New	YAHOO INC	$688,000	–	15,972	–	0.11%	–
T	Sell	AT&T INC	$628,000	-8.9%	15,465	-3.1%	0.10%	-8.0%
NFG	Sell	NATIONAL FUEL GAS CO N J	$552,000	-7.1%	10,200	-2.4%	0.09%	-5.2%
FCF	Sell	FIRST COMWLTH FINL CORP PA	$391,000	-28.1%	38,793	-34.4%	0.06%	-27.0%
PRGO	Sell	PERRIGO CO PLC	$393,000	-56.4%	4,255	-57.2%	0.06%	-56.1%
ABBV	Sell	ABBVIE INC	$304,000	-17.6%	4,831	-18.9%	0.05%	-16.7%
DIS	Exit	DISNEY WALT CO	$0	–	-2,067	–	-0.03%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-43,844	–	-0.47%	–
RHHBY	Exit	ROCHE HOLDINGS LTDspons adr	$0	–	-95,160	–	-0.51%	–
TECD	Exit	TECH DATA CORP	$0	–	-140,263	–	-1.65%	–

Q2 2016

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$33,493,000	–	1,369,839	–	5.48%	–
LOCK	New	LIFELOCK INC	$29,933,000	–	1,893,283	–	4.90%	–
WDC	New	WESTERN DIGITAL CORP	$20,315,000	–	429,870	–	3.32%	–
ACM	New	AECOM	$19,826,000	–	624,016	–	3.24%	–
EME	New	EMCOR GROUP INC	$19,251,000	–	390,810	–	3.15%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$17,016,000	–	268,907	–	2.78%	–
FFIV	New	F5 NETWORKS INC	$16,989,000	–	149,239	–	2.78%	–
PRAA	New	PRA GROUP INC	$16,937,000	–	701,631	–	2.77%	–
FLEX	New	FLEXTRONICS INTL LTD	$16,786,000	–	1,422,460	–	2.75%	–
TTEK	New	TETRA TECH INC	$16,405,000	–	533,592	–	2.68%	–
GME	New	GAMESTOP CORPclass a	$15,691,000	–	590,365	–	2.57%	–
AFSI	New	AMTRUST FINANCIAL SERVICES	$15,368,000	–	627,216	–	2.51%	–
NSR	New	NEUSTAR INCclass a	$14,529,000	–	617,995	–	2.38%	–
MMM	New	3M CO	$13,009,000	–	74,287	–	2.13%	–
JCOM	New	J2 GLOBAL INC	$12,446,000	–	197,018	–	2.04%	–
WEB	New	WEB COM GROUP INC	$12,233,000	–	672,882	–	2.00%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$12,171,000	–	763,985	–	1.99%	–
KEX	New	KIRBY CORP	$11,914,000	–	190,963	–	1.95%	–
HAWK	New	BLACKHAWK NETWORK HLDGS INC	$11,815,000	–	352,793	–	1.93%	–
BRKB	New	BERKSHIRE HATHAWAY INCclass b	$11,666,000	–	80,566	–	1.91%	–
XOM	New	EXXON MOBIL CORP	$11,643,000	–	124,204	–	1.90%	–
PII	New	POLARIS INDUSTRIES INC	$11,458,000	–	140,142	–	1.87%	–
GE	New	GENERAL ELECTRIC CO	$11,432,000	–	363,120	–	1.87%	–
FMC	New	FMC CORP	$11,244,000	–	242,811	–	1.84%	–
VNTV	New	VANTIV INCclass a	$11,093,000	–	195,995	–	1.82%	–
HURN	New	HURON CONSULTING GROUP INC	$10,982,000	–	181,768	–	1.80%	–
PRXL	New	PAREXEL INTERNATIONAL CORP	$10,718,000	–	170,460	–	1.75%	–
MSFT	New	MICROSOFT CORP	$10,452,000	–	204,271	–	1.71%	–
MYGN	New	MYRIAD GENETICS INC	$10,283,000	–	336,048	–	1.68%	–
ABC	New	AMERISOURCEBERGEN CORP	$10,201,000	–	128,605	–	1.67%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$10,111,000	–	419,512	–	1.65%	–
TECD	New	TECH DATA CORP	$10,079,000	–	140,263	–	1.65%	–
PEP	New	PEPSICO INC	$9,890,000	–	93,353	–	1.62%	–
INTC	New	INTEL CORP	$9,633,000	–	293,685	–	1.58%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$9,349,000	–	123,736	–	1.53%	–
TGI	New	TRIUMPH GROUP INC	$9,200,000	–	259,157	–	1.50%	–
FHI	New	FEDERATED INVESTORS INCclass b	$9,079,000	–	315,481	–	1.48%	–
CMI	New	CUMMINS INC	$8,747,000	–	77,793	–	1.43%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$8,356,000	–	110,227	–	1.37%	–
MOS	New	MOSAIC CO	$7,630,000	–	291,457	–	1.25%	–
COH	New	COACH INC	$7,420,000	–	182,135	–	1.21%	–
TNH	New	TERRA NITROGEN COMPANY LP	$6,085,000	–	58,185	–	1.00%	–
AVLY	New	ALLEGHENY VALLEY BANCORP PA	$5,794,000	–	144,848	–	0.95%	–
IJR	New	ISHARES TRcore s&p scp etf	$4,778,000	–	41,115	–	0.78%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,603,000	–	82,436	–	0.75%	–
SJM	New	SMUCKER J M CO	$3,642,000	–	23,900	–	0.60%	–
HFC	New	HOLLYFRONTIER CORP	$3,521,000	–	148,149	–	0.58%	–
RHHBY	New	ROCHE HOLDINGS LTDspons adr	$3,128,000	–	95,160	–	0.51%	–
MASI	New	MASIMO CORP	$3,018,000	–	57,476	–	0.49%	–
GAS	New	AGL RESOURCES INC	$2,893,000	–	43,844	–	0.47%	–
CL	New	COLGATE PALMOLIVE CO	$2,869,000	–	39,190	–	0.47%	–
KMB	New	KIMBERLY CLARK CORP	$2,851,000	–	20,738	–	0.47%	–
ABT	New	ABBOTT LABORATORIES	$2,699,000	–	68,641	–	0.44%	–
WFC	New	WELLS FARGO & CO	$2,031,000	–	42,906	–	0.33%	–
MDP	New	MEREDITH CORP	$1,984,000	–	38,234	–	0.32%	–
AJG	New	GALLAGHER ARTHUR J & CO	$1,764,000	–	37,062	–	0.29%	–
JPM	New	JPMORGAN CHASE & CO	$1,356,000	–	21,833	–	0.22%	–
CBTC	New	CBT FINANCIAL CORP	$1,323,000	–	48,452	–	0.22%	–
CBFV	New	CB FINANCIAL SERVICES INC	$1,203,000	–	56,500	–	0.20%	–
IVV	New	ISHARES TRcore s&p500 etf	$1,149,000	–	5,459	–	0.19%	–
LOW	New	LOWES COS INC	$1,110,000	–	14,025	–	0.18%	–
PRGO	New	PERRIGO CO PLC	$902,000	–	9,946	–	0.15%	–
T	New	AT&T INC	$689,000	–	15,955	–	0.11%	–
NFG	New	NATIONAL FUEL GAS CO N J	$594,000	–	10,450	–	0.10%	–
PG	New	PROCTER & GAMBLE CO	$560,000	–	6,617	–	0.09%	–
FCF	New	FIRST COMWLTH FINL CORP PA	$544,000	–	59,105	–	0.09%	–
BA	New	BOEING CO	$433,000	–	3,336	–	0.07%	–
PPG	New	PPG INDS INC	$430,000	–	4,130	–	0.07%	–
ABBV	New	ABBVIE INC	$369,000	–	5,960	–	0.06%	–
JNJ	New	JOHNSON & JOHNSON	$351,000	–	2,898	–	0.06%	–
TSC	New	TRISTATE CAPITAL HLDGS INC	$343,000	–	25,000	–	0.06%	–
PNC	New	PNC FINL SVCS GROUP INC	$274,000	–	3,371	–	0.04%	–
GIS	New	GENERAL MLS INC	$246,000	–	3,460	–	0.04%	–
ROK	New	ROCKWELL AUTOMATION INC	$246,000	–	2,150	–	0.04%	–
MRK	New	MERCK & CO INC	$231,000	–	4,001	–	0.04%	–
DIS	New	DISNEY WALT CO	$202,000	–	2,067	–	0.03%	–
WVFC	New	WVS FINANCIAL CORP	$184,000	–	16,500	–	0.03%	–
MNBP	New	MARS NATIONAL BANCORP INC	$70,000	–	185	–	0.01%	–
ASRV	New	AMERISERV FINL INC	$30,000	–	10,000	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
MNBP	Exit	MARS NATIONAL BANCORP INC	$0	–	-185	–	-0.01%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.03%	–
CCNE	Exit	CNB FINL CORP PA	$0	–	-10,000	–	-0.03%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-4,201	–	-0.03%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,067	–	-0.03%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,421	–	-0.05%	–
TSC	Exit	TRISTATE CAPITAL HLDGS INC	$0	–	-25,000	–	-0.05%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-3,108	–	-0.05%	–
PPG	Exit	PPG INDS INC	$0	–	-4,418	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-3,336	–	-0.07%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-7,184	–	-0.08%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-10,450	–	-0.08%	–
RHHBY	Exit	ROCHE HOLDINGS LTDspons adr	$0	–	-17,358	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-19,768	–	-0.10%	–
FCF	Exit	FIRST COMWLTH FINL CORP PA	$0	–	-82,954	–	-0.12%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-4,096	–	-0.12%	–
ABBV	Exit	ABBVIE INC	$0	–	-19,198	–	-0.16%	–
LOW	Exit	LOWES COS INC	$0	–	-17,146	–	-0.18%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.18%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-22,333	–	-0.21%	–
CBTC	Exit	CBT FINANCIAL CORP	$0	–	-48,452	–	-0.21%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-39,261	–	-0.31%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-52,952	–	-0.34%	–
MDP	Exit	MEREDITH CORP	$0	–	-55,677	–	-0.36%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-39,529	–	-0.39%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-65,085	–	-0.40%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-24,075	–	-0.40%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-30,059	–	-0.43%	–
SJM	Exit	SMUCKER J M CO	$0	–	-25,437	–	-0.45%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-95,545	–	-0.55%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-88,725	–	-0.59%	–
MASI	Exit	MASIMO CORP	$0	–	-100,519	–	-0.60%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-134,124	–	-0.64%	–
COH	Exit	COACH INC	$0	–	-179,379	–	-0.80%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-48,232	–	-0.82%	–
OKE	Exit	ONEOK INC	$0	–	-167,123	–	-0.83%	–
AVLY	Exit	ALLEGHENY VALLEY BANCORP PA	$0	–	-143,675	–	-0.87%	–
WLL	Exit	WHITING PETROLEUM CORP	$0	–	-394,823	–	-0.93%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-166,247	–	-0.96%	–
TNH	Exit	TERRA NITROGEN CO L P	$0	–	-62,198	–	-1.03%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-91,329	–	-1.14%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-112,835	–	-1.15%	–
CMI	Exit	CUMMINS INC	$0	–	-69,474	–	-1.16%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-164,651	–	-1.24%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-111,949	–	-1.24%	–
FMC	Exit	FMC CORP	$0	–	-240,642	–	-1.26%	–
INTC	Exit	INTEL CORP	$0	–	-277,988	–	-1.29%	–
VNTV	Exit	VANTIV INCclass a	$0	–	-190,715	–	-1.32%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-211,087	–	-1.37%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELclass b	$0	–	-69,978	–	-1.40%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-123,119	–	-1.41%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-100,073	–	-1.46%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-219,758	–	-1.50%	–
TTEK	Exit	TETRA TECH INC	$0	–	-412,693	–	-1.54%	–
PRXL	Exit	PAREXEL INTL CORP	$0	–	-164,329	–	-1.57%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-403,838	–	-1.57%	–
KEX	Exit	KIRBY CORP	$0	–	-165,132	–	-1.58%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-657,877	–	-1.58%	–
HAWK	Exit	BLACKHAWK NETWORK HLDGS INC	$0	–	-251,560	–	-1.64%	–
MMM	Exit	3M CO	$0	–	-80,126	–	-1.75%	–
PEP	Exit	PEPSICO INC	$0	–	-122,395	–	-1.78%	–
FHI	Exit	FEDERATED INVS INC PAclass b	$0	–	-427,225	–	-1.90%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-277,357	–	-1.92%	–
WEB	Exit	WEB COM GROUP INC	$0	–	-616,813	–	-2.00%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-402,258	–	-2.32%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-131,460	–	-2.34%	–
GME	Exit	GAMESTOP CORPclass a	$0	–	-371,578	–	-2.36%	–
PII	Exit	POLARIS INDS INC	$0	–	-127,983	–	-2.36%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-220,534	–	-2.41%	–
FLEX	Exit	FLEXTRONICS INTL LTD	$0	–	-1,486,741	–	-2.41%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-199,678	–	-2.44%	–
TECD	Exit	TECH DATA CORP	$0	–	-246,506	–	-2.60%	–
ACM	Exit	AECOM	$0	–	-635,275	–	-2.69%	–
EME	Exit	EMCOR GROUP INC	$0	–	-403,987	–	-2.75%	–
NSR	Exit	NEUSTAR INCclass a	$0	–	-661,824	–	-2.77%	–
LOCK	Exit	LIFELOCK INC	$0	–	-2,212,452	–	-2.98%	–
SWI	Exit	SOLARWINDS INC	$0	–	-500,134	–	-3.02%	–
AFSI	Exit	AMTRUST FINL SVCS INC	$0	–	-325,414	–	-3.16%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-251,668	–	-3.26%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-351,192	–	-3.30%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,474,685	–	-7.41%	–

Q3 2015

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$48,104,000	+5.7%	1,474,685	-4.2%	7.41%	+11.3%
GAS	Buy	AGL RESOURCES INC	$21,437,000	+66.4%	351,192	+26.9%	3.30%	+75.2%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$21,193,000	-22.1%	251,668	-3.7%	3.26%	-18.0%
AFSI	Sell	AMTRUST FINL SVCS INC	$20,495,000	-8.4%	325,414	-4.7%	3.16%	-3.5%
SWI	Buy	SOLARWINDS INC	$19,625,000	+480.3%	500,134	+582.1%	3.02%	+511.7%
LOCK	Buy	LIFELOCK INC	$19,381,000	+55.8%	2,212,452	+191.7%	2.98%	+64.1%
NSR	Buy	NEUSTAR INCclass a	$18,008,000	-1.8%	661,824	+5.4%	2.77%	+3.4%
EME	Sell	EMCOR GROUP INC	$17,877,000	-8.5%	403,987	-1.2%	2.75%	-3.6%
ACM	Buy	AECOM	$17,476,000	-15.9%	635,275	+1.1%	2.69%	-11.4%
TECD	Sell	TECH DATA CORP	$16,885,000	+17.3%	246,506	-1.4%	2.60%	+23.6%
WDC	Buy	WESTERN DIGITAL CORP	$15,862,000	+3.9%	199,678	+2.6%	2.44%	+9.5%
FLEX	Sell	FLEXTRONICS INTL LTD	$15,670,000	-7.1%	1,486,741	-0.3%	2.41%	-2.1%
JCOM	Sell	J2 GLOBAL INC	$15,625,000	-18.6%	220,534	-22.0%	2.41%	-14.3%
PII	Buy	POLARIS INDS INC	$15,341,000	-18.9%	127,983	+0.2%	2.36%	-14.6%
GME	Sell	GAMESTOP CORPclass a	$15,313,000	-5.6%	371,578	-1.6%	2.36%	-0.6%
FFIV	Sell	F5 NETWORKS INC	$15,224,000	-4.6%	131,460	-0.8%	2.34%	+0.5%
MYGN	Sell	MYRIAD GENETICS INC	$15,076,000	+9.9%	402,258	-0.3%	2.32%	+15.7%
WEB	Buy	WEB COM GROUP INC	$13,003,000	+819.6%	616,813	+956.9%	2.00%	+867.1%
CF	Sell	CF INDS HLDGS INC	$12,453,000	-31.1%	277,357	-1.3%	1.92%	-27.4%
FHI	Sell	FEDERATED INVS INC PAclass b	$12,347,000	-15.6%	427,225	-2.2%	1.90%	-11.1%
PEP	Buy	PEPSICO INC	$11,541,000	+1.5%	122,395	+0.5%	1.78%	+6.9%
MMM	Buy	3M CO	$11,359,000	-6.1%	80,126	+2.2%	1.75%	-1.1%
HAWK	New	BLACKHAWK NETWORK HLDGS INC	$10,664,000	–	251,560	–	1.64%	–
AEO	Sell	AMERICAN EAGLE OUTFITTERS	$10,283,000	-12.1%	657,877	-3.1%	1.58%	-7.4%
KEX	Buy	KIRBY CORP	$10,230,000	-17.4%	165,132	+2.2%	1.58%	-13.0%
GE	Buy	GENERAL ELECTRIC CO	$10,185,000	-5.0%	403,838	+0.1%	1.57%	+0.1%
PRXL	Sell	PAREXEL INTL CORP	$10,176,000	-3.9%	164,329	-0.2%	1.57%	+1.2%
TTEK	Buy	TETRA TECH INC	$10,033,000	+122.9%	412,693	+135.1%	1.54%	+134.8%
MSFT	Buy	MICROSOFT CORP	$9,726,000	+1.0%	219,758	+0.8%	1.50%	+6.4%
ABC	Sell	AMERISOURCEBERGEN CORP	$9,506,000	-12.9%	100,073	-2.5%	1.46%	-8.3%
XOM	Sell	EXXON MOBIL CORP	$9,153,000	-13.1%	123,119	-2.7%	1.41%	-8.4%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELclass b	$9,125,000	-7.3%	69,978	-3.2%	1.40%	-2.4%
TGI	Buy	TRIUMPH GROUP INC	$8,882,000	-34.3%	211,087	+3.0%	1.37%	-30.8%
VNTV	New	VANTIV INCclass a	$8,567,000	–	190,715	–	1.32%	–
INTC	Buy	INTEL CORP	$8,379,000	+0.7%	277,988	+1.6%	1.29%	+6.1%
FMC	Buy	FMC CORP	$8,160,000	-33.8%	240,642	+2.6%	1.26%	-30.3%
PG	Buy	PROCTER & GAMBLE CO	$8,053,000	-6.1%	111,949	+2.2%	1.24%	-1.0%
HFC	Sell	HOLLYFRONTIER CORP	$8,042,000	+2.3%	164,651	-10.6%	1.24%	+7.7%
CMI	Sell	CUMMINS INC	$7,543,000	-28.0%	69,474	-13.0%	1.16%	-24.2%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$7,464,000	-20.0%	112,835	-5.9%	1.15%	-15.8%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$7,394,000	-25.6%	91,329	-18.3%	1.14%	-21.7%
TNH	Sell	TERRA NITROGEN CO L P	$6,711,000	-12.1%	62,198	-1.4%	1.03%	-7.5%
NOV	Sell	NATIONAL OILWELL VARCO INC	$6,259,000	-25.2%	166,247	-4.1%	0.96%	-21.2%
WLL	Sell	WHITING PETROLEUM CORP	$6,029,000	-56.4%	394,823	-4.1%	0.93%	-54.1%
AVLY	Buy	ALLEGHENY VALLEY BANCORP PA	$5,675,000	-2.6%	143,675	+0.3%	0.87%	+2.6%
OKE	Buy	ONEOK INC	$5,381,000	-17.6%	167,123	+1.0%	0.83%	-13.2%
IVV	Buy	ISHARES TRcore s&p500 etf	$5,298,000	+136.3%	48,232	+345.8%	0.82%	+148.8%
COH	Sell	COACH INC	$5,190,000	-20.1%	179,379	-4.4%	0.80%	-15.9%
MOS	Buy	MOSAIC CO NEW	$4,173,000	-30.3%	134,124	+4.9%	0.64%	-26.6%
MASI	Sell	MASIMO CORP	$3,876,000	-13.9%	100,519	-13.5%	0.60%	-9.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,860,000	-4.7%	88,725	+2.1%	0.59%	+0.3%
DVN	Sell	DEVON ENERGY CORP NEW	$3,544,000	-43.2%	95,545	-9.0%	0.55%	-40.2%
SJM	Buy	SMUCKER J M CO	$2,902,000	+5.3%	25,437	+0.1%	0.45%	+10.9%
JNJ	Buy	JOHNSON & JOHNSON	$2,806,000	-3.9%	30,059	+0.3%	0.43%	+1.2%
KMB	Buy	KIMBERLY CLARK CORP	$2,626,000	+3.0%	24,075	+0.1%	0.40%	+8.3%
ABT	Sell	ABBOTT LABORATORIES	$2,617,000	-18.8%	65,085	-0.9%	0.40%	-14.4%
CL	Buy	COLGATE PALMOLIVE CO	$2,509,000	-2.1%	39,529	+1.0%	0.39%	+2.9%
MDP	Sell	MEREDITH CORP	$2,370,000	-83.4%	55,677	-79.7%	0.36%	-82.6%
AJG	Buy	GALLAGHER ARTHUR J & CO	$2,186,000	-11.2%	52,952	+1.8%	0.34%	-6.4%
WFC	Sell	WELLS FARGO & CO	$2,016,000	-29.4%	39,261	-22.7%	0.31%	-25.7%
ABBV	Sell	ABBVIE INC	$1,045,000	-22.5%	19,198	-4.4%	0.16%	-18.3%
IJR	Sell	ISHARES TRcore s&p scp etf	$789,000	-85.9%	4,096	-91.4%	0.12%	-85.3%
FCF	Buy	FIRST COMWLTH FINL CORP PA	$754,000	+195.7%	82,954	+212.7%	0.12%	+213.5%
T	Buy	AT&T INC	$644,000	+3.4%	19,768	+12.6%	0.10%	+8.8%
D	Sell	DOMINION RES INC VA NEW	$505,000	-5.8%	7,184	-10.3%	0.08%	0.0%
PPG	Sell	PPG INDS INC	$387,000	-29.1%	4,418	-7.1%	0.06%	-25.0%
CCNE	Sell	CNB FINL CORP PA	$182,000	-4.2%	10,000	-2.9%	0.03%	0.0%
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-4,850	–	-0.03%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-2,223	–	-0.03%	–
GIS	Exit	GENERAL MLS INC	$0	–	-3,660	–	-0.03%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-84,558	–	-1.04%	–
ITRI	Exit	ITRON INC	$0	–	-331,912	–	-1.67%	–

Q2 2015

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$45,527,000	–	1,538,606	–	6.66%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$27,215,000	–	261,425	–	3.98%	–
AFSI	New	AMTRUST FINL SVCS INC	$22,371,000	–	341,486	–	3.27%	–
ACM	New	AECOM	$20,779,000	–	628,120	–	3.04%	–
EME	New	EMCOR GROUP INC	$19,528,000	–	408,786	–	2.86%	–
JCOM	New	J2 GLOBAL INC	$19,197,000	–	282,561	–	2.81%	–
PII	New	POLARIS INDS INC	$18,911,000	–	127,688	–	2.76%	–
NSR	New	NEUSTAR INCclass a	$18,340,000	–	627,848	–	2.68%	–
CF	New	CF INDS HLDGS INC	$18,070,000	–	281,121	–	2.64%	–
FLEX	New	FLEXTRONICS INTL LTD	$16,865,000	–	1,491,107	–	2.47%	–
GME	New	GAMESTOP CORP NEWclass a	$16,224,000	–	377,646	–	2.37%	–
FFIV	New	F5 NETWORKS INC	$15,950,000	–	132,534	–	2.33%	–
WDC	New	WESTERN DIGITAL CORP	$15,261,000	–	194,604	–	2.23%	–
FHI	New	FEDERATED INVS INC PAclass b	$14,626,000	–	436,733	–	2.14%	–
TECD	New	TECH DATA CORP	$14,389,000	–	249,987	–	2.10%	–
MDP	New	MEREDITH CORP	$14,305,000	–	274,287	–	2.09%	–
WLL	New	WHITING PETE CORP NEW	$13,830,000	–	411,623	–	2.02%	–
MYGN	New	MYRIAD GENETICS INC	$13,718,000	–	403,609	–	2.01%	–
TGI	New	TRIUMPH GROUP INC NEW	$13,525,000	–	204,970	–	1.98%	–
GAS	New	AGL RES INC	$12,885,000	–	276,737	–	1.88%	–
LOCK	New	LIFELOCK INC	$12,437,000	–	758,386	–	1.82%	–
KEX	New	KIRBY CORP	$12,387,000	–	161,576	–	1.81%	–
FMC	New	FMC CORPORATION	$12,321,000	–	234,474	–	1.80%	–
MMM	New	3M CO	$12,098,000	–	78,401	–	1.77%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$11,692,000	–	678,937	–	1.71%	–
ITRI	New	ITRON INC	$11,431,000	–	331,912	–	1.67%	–
PEP	New	PEPSICO INC	$11,366,000	–	121,765	–	1.66%	–
ABC	New	AMERISOURCEBERGEN CORP	$10,916,000	–	102,659	–	1.60%	–
GE	New	GENERAL ELECTRIC CO	$10,716,000	–	403,312	–	1.57%	–
PRXL	New	PAREXEL INTL CORP	$10,585,000	–	164,583	–	1.55%	–
XOM	New	EXXON MOBIL CORP	$10,529,000	–	126,555	–	1.54%	–
CMI	New	CUMMINS INC	$10,472,000	–	79,820	–	1.53%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$9,942,000	–	111,778	–	1.45%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELclass b	$9,843,000	–	72,317	–	1.44%	–
MSFT	New	MICROSOFT CORP	$9,628,000	–	218,049	–	1.41%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$9,326,000	–	119,907	–	1.36%	–
PG	New	PROCTER & GAMBLE CO	$8,572,000	–	109,574	–	1.25%	–
NOV	New	NATIONAL OILWELL VARCO INC	$8,369,000	–	173,351	–	1.22%	–
INTC	New	INTEL CORP	$8,320,000	–	273,519	–	1.22%	–
HFC	New	HOLLYFRONTIER CORP	$7,861,000	–	184,149	–	1.15%	–
TNH	New	TERRA NITROGEN CO L P	$7,637,000	–	63,074	–	1.12%	–
VAR	New	VARIAN MED SYS INC	$7,131,000	–	84,558	–	1.04%	–
OKE	New	ONEOK INC NEW	$6,532,000	–	165,472	–	0.96%	–
COH	New	COACH INC	$6,495,000	–	187,666	–	0.95%	–
DVN	New	DEVON ENERGY CORP NEW	$6,244,000	–	104,951	–	0.91%	–
MOS	New	MOSAIC CO NEW	$5,990,000	–	127,850	–	0.88%	–
AVLY	New	ALLEGHENY VALLEY BANCORP PA	$5,824,000	–	143,272	–	0.85%	–
IJR	New	ISHARES TRcore s&p scp et	$5,613,000	–	47,619	–	0.82%	–
MASI	New	MASIMO CORP	$4,504,000	–	116,250	–	0.66%	–
TTEK	New	TETRA TECH INC NEW	$4,501,000	–	175,544	–	0.66%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,051,000	–	86,901	–	0.59%	–
SWI	New	SOLARWINDS INC	$3,382,000	–	73,323	–	0.49%	–
ABT	New	ABBOTT LABS	$3,222,000	–	65,646	–	0.47%	–
JNJ	New	JOHNSON & JOHNSON	$2,921,000	–	29,969	–	0.43%	–
WFC	New	WELLS FARGO & CO NEW	$2,855,000	–	50,776	–	0.42%	–
SJM	New	SMUCKER J M CO	$2,756,000	–	25,422	–	0.40%	–
CL	New	COLGATE PALMOLIVE CO	$2,562,000	–	39,148	–	0.38%	–
KMB	New	KIMBERLY CLARK CORP	$2,549,000	–	24,047	–	0.37%	–
AJG	New	GALLAGHER ARTHUR J & CO	$2,461,000	–	52,032	–	0.36%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,242,000	–	10,819	–	0.33%	–
JPM	New	JPMORGAN CHASE & CO	$1,513,000	–	22,333	–	0.22%	–
WEB	New	WEB.COM GROUP INC	$1,414,000	–	58,362	–	0.21%	–
ABBV	New	ABBVIE INC	$1,349,000	–	20,077	–	0.20%	–
CBTC	New	CBT FINANCIAL CORP	$1,333,000	–	48,452	–	0.20%	–
LOW	New	LOWES COS INC	$1,148,000	–	17,146	–	0.17%	–
CBFV	New	CB FINANCIAL SERVICES INC	$1,124,000	–	56,500	–	0.16%	–
T	New	AT&T INC	$623,000	–	17,557	–	0.09%	–
NFG	New	NATIONAL FUEL GAS CO NJ	$615,000	–	10,450	–	0.09%	–
RHHBY	New	ROCHE HOLDINGS LTDspons adr	$609,000	–	17,358	–	0.09%	–
PPG	New	PPG INDS INC	$546,000	–	4,758	–	0.08%	–
D	New	DOMINION RES INC VA NEW	$536,000	–	8,010	–	0.08%	–
BA	New	BOEING CO	$463,000	–	3,336	–	0.07%	–
ROK	New	ROCKWELL AUTOMATION INC	$387,000	–	3,108	–	0.06%	–
PNC	New	PNC FINL SVCS GROUP INC	$327,000	–	3,421	–	0.05%	–
TSC	New	TRISTATE CAPITAL HLDGS INC	$323,000	–	25,000	–	0.05%	–
FCF	New	FIRST COMWLTH FINL CORP PA	$255,000	–	26,527	–	0.04%	–
MRK	New	MERCK & CO INC NEW	$239,000	–	4,201	–	0.04%	–
DIS	New	DISNEY WALT CO	$236,000	–	2,067	–	0.04%	–
COL	New	ROCKWELL COLLINS INC	$205,000	–	2,223	–	0.03%	–
BK	New	BANK NEW YORK MELLON CORP	$204,000	–	4,850	–	0.03%	–
GIS	New	GENERAL MLS INC	$204,000	–	3,660	–	0.03%	–
WVFC	New	WVS FINANCIAL CORP	$194,000	–	16,500	–	0.03%	–
CCNE	New	CNB FINL CORP PA	$190,000	–	10,300	–	0.03%	–
MNBP	New	MARS NATIONAL BANCORP INC	$77,000	–	185	–	0.01%	–
ASRV	New	AMERISERV FINL INC	$33,000	–	10,000	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
TRWS	Exit	TRUEWEST CORP	$0	–	-16,000	–	0.00%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,058	–	-0.01%	–
MNBP	Exit	MARS NATIONAL BANCORP INC	$0	–	-185	–	-0.01%	–
CCNE	Exit	CNB FINL CORP PA	$0	–	-10,300	–	-0.02%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.03%	–
DMLP	Exit	DORCHESTER MINERALS LP	$0	–	-7,300	–	-0.03%	–
TSC	Exit	TRISTATE CAPITAL HLDGS INC	$0	–	-25,000	–	-0.03%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-4,401	–	-0.04%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,421	–	-0.04%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,908	–	-0.05%	–
FCF	Exit	FIRST COMWLTH FINL CORP PA	$0	–	-45,784	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-3,336	–	-0.06%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-7,284	–	-0.08%	–
PPG	Exit	PPG INDS INC	$0	–	-2,624	–	-0.08%	–
RHHBY	Exit	ROCHE HOLDINGS LTDspon adr	$0	–	-17,358	–	-0.10%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-11,250	–	-0.12%	–
T	Exit	AT&T INC	$0	–	-22,312	–	-0.12%	–
LOW	Exit	LOWES COS INC	$0	–	-17,171	–	-0.14%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.17%	–
CBTC	Exit	CBT FINANCIAL CORP	$0	–	-48,452	–	-0.20%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-23,433	–	-0.21%	–
ABBV	Exit	ABBVIE INC	$0	–	-24,616	–	-0.21%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-10,869	–	-0.32%	–
GSK	Exit	GLAXOSMITHKLINE PLCspon adr	$0	–	-48,172	–	-0.33%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-50,359	–	-0.34%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-38,369	–	-0.37%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-23,710	–	-0.38%	–
ABT	Exit	ABBOTT LABS	$0	–	-65,487	–	-0.41%	–
MASI	Exit	MASIMO CORP	$0	–	-129,490	–	-0.41%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-54,335	–	-0.42%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-29,502	–	-0.47%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-82,809	–	-0.62%	–
MATW	Exit	MATTHEWS INTL CORPclass a	$0	–	-104,941	–	-0.69%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-116,942	–	-0.78%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-196,939	–	-0.82%	–
AVLY	Exit	ALLEGHENY VALLEY BANCORP PA	$0	–	-142,160	–	-0.83%	–
COH	Exit	COACH INC	$0	–	-164,164	–	-0.87%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-56,038	–	-0.87%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-148,625	–	-0.97%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-100,348	–	-1.02%	–
UN	Exit	UNILEVER N V	$0	–	-193,862	–	-1.15%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-116,828	–	-1.23%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-108,586	–	-1.25%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-106,165	–	-1.33%	–
OKE	Exit	ONEOK INC NEW	$0	–	-137,402	–	-1.34%	–
	Exit	DODGE & COX STK FD	$0	–	-50,545	–	-1.36%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-98,228	–	-1.41%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-119,837	–	-1.43%	–
CMI	Exit	CUMMINS INC	$0	–	-73,363	–	-1.45%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-75,242	–	-1.55%	–
TNH	Exit	TERRA NITROGEN CO L P	$0	–	-76,085	–	-1.64%	–
PEP	Exit	PEPSICO INC	$0	–	-120,524	–	-1.68%	–
INTC	Exit	INTEL CORP	$0	–	-323,367	–	-1.68%	–
TGI	Exit	TRIUMPH GROUP INC NEW	$0	–	-173,274	–	-1.68%	–
MMM	Exit	3M CO	$0	–	-79,674	–	-1.69%	–
MDP	Exit	MEREDITH CORP	$0	–	-265,922	–	-1.70%	–
FMC	Exit	FMC CORP	$0	–	-199,766	–	-1.71%	–
NSR	Exit	NEUSTAR INCclass a	$0	–	-464,610	–	-1.72%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-123,217	–	-1.73%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-229,757	–	-1.76%	–
SJM	Exit	SMUCKER J M CO	$0	–	-121,313	–	-1.79%	–
SCCO	Exit	SOUTHERN COPPER CORP	$0	–	-410,048	–	-1.82%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-486,276	–	-1.86%	–
FHI	Exit	FEDERATED INVS INC PAclass b	$0	–	-429,283	–	-1.88%	–
ITRI	Exit	ITRON INC	$0	–	-326,660	–	-1.92%	–
TECD	Exit	TECH DATA CORP	$0	–	-218,401	–	-1.92%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-282,816	–	-1.96%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-350,002	–	-2.02%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-284,411	–	-2.10%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-119,154	–	-2.11%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-184,574	–	-2.14%	–
GME	Exit	GAMESTOP CORPclass a	$0	–	-348,565	–	-2.14%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NE	$0	–	-992,468	–	-2.15%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-149,195	–	-2.17%	–
FLEX	Exit	FLEXTRONICS INTL LTDord	$0	–	-1,428,394	–	-2.20%	–
EME	Exit	EMCOR GROUP INC	$0	–	-379,095	–	-2.26%	–
KEX	Exit	KIRBY CORP	$0	–	-130,063	–	-2.29%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-55,712	–	-2.32%	–
6107SC	Exit	URS CORP NEW	$0	–	-279,472	–	-2.40%	–
AFSI	Exit	AMTRUST FINL SVCS INC	$0	–	-431,820	–	-2.57%	–
PII	Exit	POLARIS INDS INC	$0	–	-115,022	–	-2.57%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-351,965	–	-3.05%	–
J105SC	Exit	CONVERSANT INC	$0	–	-705,779	–	-3.61%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,524,049	–	-5.51%	–

Q3 2014

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$36,864,000	-5.4%	1,524,049	-2.8%	5.51%	-6.1%
J105SC	Sell	CONVERSANT INC	$24,173,000	+28.0%	705,779	-5.1%	3.61%	+27.0%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$20,432,000	+19.0%	351,965	-3.8%	3.05%	+18.1%
PII	Sell	POLARIS INDS INC	$17,229,000	+14.0%	115,022	-0.9%	2.57%	+13.2%
AFSI	Buy	AMTRUST FINL SVCS INC	$17,195,000	-3.8%	431,820	+1.1%	2.57%	-4.5%
6107SC	Sell	URS CORP NEW	$16,100,000	+23.5%	279,472	-1.7%	2.40%	+22.6%
CF	Buy	CF INDS HLDGS INC	$15,556,000	+16.3%	55,712	+0.2%	2.32%	+15.4%
KEX	Sell	KIRBY CORP	$15,328,000	-1.6%	130,063	-2.2%	2.29%	-2.3%
EME	Buy	EMCOR GROUP INC	$15,149,000	-8.5%	379,095	+1.9%	2.26%	-9.2%
FLEX	Buy	FLEXTRONICS INTL LTDord	$14,742,000	-6.7%	1,428,394	+0.0%	2.20%	-7.4%
WDC	Sell	WESTERN DIGITAL CORP	$14,519,000	+4.6%	149,195	-0.8%	2.17%	+3.8%
AEO	Sell	AMERICAN EAGLE OUTFITTERS NE	$14,411,000	+28.7%	992,468	-0.6%	2.15%	+27.8%
GME	Sell	GAMESTOP CORPclass a	$14,361,000	+0.9%	348,565	-0.9%	2.14%	+0.1%
WLL	Sell	WHITING PETE CORP NEW	$14,314,000	-3.4%	184,574	-0.0%	2.14%	-4.1%
FFIV	Sell	F5 NETWORKS INC	$14,148,000	+6.5%	119,154	-0.0%	2.11%	+5.7%
JCOM	Sell	J2 GLOBAL INC	$14,038,000	-3.2%	284,411	-0.3%	2.10%	-4.0%
MYGN	Buy	MYRIAD GENETICS INC	$13,500,000	-0.4%	350,002	+0.5%	2.02%	-1.2%
MSFT	Sell	MICROSOFT CORP	$13,112,000	+10.2%	282,816	-0.9%	1.96%	+9.3%
TECD	Sell	TECH DATA CORP	$12,855,000	-6.2%	218,401	-0.3%	1.92%	-6.9%
ITRI	Buy	ITRON INC	$12,841,000	-1.7%	326,660	+1.4%	1.92%	-2.4%
FHI	Buy	FEDERATED INVS INC PAclass b	$12,604,000	-4.5%	429,283	+0.5%	1.88%	-5.2%
GE	Buy	GENERAL ELECTRIC CO	$12,459,000	-1.6%	486,276	+0.9%	1.86%	-2.4%
SCCO	Sell	SOUTHERN COPPER CORP	$12,158,000	-2.6%	410,048	-0.2%	1.82%	-3.3%
SJM	Sell	SMUCKER J M CO	$12,009,000	-7.6%	121,313	-0.5%	1.79%	-8.3%
GAS	Buy	AGL RESOURCES INC	$11,796,000	-5.3%	229,757	+1.6%	1.76%	-6.0%
XOM	Buy	EXXON MOBIL CORP	$11,589,000	-6.5%	123,217	+0.1%	1.73%	-7.2%
NSR	Buy	NEUSTAR INCclass a	$11,536,000	-3.6%	464,610	+1.0%	1.72%	-4.3%
FMC	Buy	FMC CORP	$11,424,000	-15.7%	199,766	+5.0%	1.71%	-16.3%
MDP	Sell	MEREDITH CORP	$11,381,000	-11.5%	265,922	-0.0%	1.70%	-12.2%
MMM	Sell	3M CO	$11,288,000	-1.5%	79,674	-0.4%	1.69%	-2.2%
TGI	Buy	TRIUMPH GROUP INC NEW	$11,271,000	-4.0%	173,274	+3.0%	1.68%	-4.7%
INTC	Sell	INTEL CORP	$11,260,000	+11.5%	323,367	-1.0%	1.68%	+10.7%
PEP	Sell	PEPSICO INC	$11,219,000	+4.2%	120,524	-0.0%	1.68%	+3.4%
TNH	Buy	TERRA NITROGEN CO L P	$10,986,000	+0.4%	76,085	+0.3%	1.64%	-0.4%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$10,394,000	+9.2%	75,242	+0.1%	1.55%	+8.4%
CMI	Buy	CUMMINS INC	$9,683,000	-12.1%	73,363	+2.7%	1.45%	-12.8%
VAR	Sell	VARIAN MED SYS INC	$9,601,000	-4.1%	119,837	-0.5%	1.43%	-4.8%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$9,445,000	-6.1%	98,228	+0.3%	1.41%	-6.8%
	New	DODGE & COX STK FD	$9,093,000	–	50,545	–	1.36%	–
OKE	Sell	ONEOK INC NEW	$9,006,000	-5.6%	137,402	-2.0%	1.34%	-6.4%
PG	Sell	PROCTER & GAMBLE CO	$8,889,000	+6.2%	106,165	-0.3%	1.33%	+5.4%
ABC	Sell	AMERISOURCEBERGEN CORP	$8,394,000	+6.3%	108,586	-0.0%	1.25%	+5.6%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$8,251,000	+1.9%	116,828	+0.0%	1.23%	+1.1%
UN	Sell	UNILEVER N V	$7,692,000	-9.7%	193,862	-0.4%	1.15%	-10.4%
DVN	Buy	DEVON ENERGY CORP NEW	$6,841,000	-13.6%	100,348	+0.7%	1.02%	-14.2%
HFC	Buy	HOLLYFRONTIER CORP	$6,492,000	+3.5%	148,625	+3.6%	0.97%	+2.8%
COH	Buy	COACH INC	$5,846,000	+5.7%	164,164	+1.5%	0.87%	+4.8%
IJR	Sell	ISHARES TRcore s&p scp etf	$5,845,000	-16.0%	56,038	-7.2%	0.87%	-16.7%
AVLY	New	ALLEGHENY VALLEY BANCORP PA	$5,544,000	–	142,160	–	0.83%	–
F102PS	Buy	BABCOCK & WILCOX CO NEW	$5,454,000	-14.3%	196,939	+0.4%	0.82%	-14.9%
MOS	Buy	MOSAIC CO NEW	$5,193,000	-9.3%	116,942	+1.0%	0.78%	-10.0%
MATW	Sell	MATTHEWS INTL CORPclass a	$4,606,000	+3.1%	104,941	-2.3%	0.69%	+2.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,140,000	+2.1%	82,809	-0.0%	0.62%	+1.3%
JNJ	Sell	JOHNSON & JOHNSON	$3,144,000	-0.2%	29,502	-2.0%	0.47%	-0.8%
WFC	Sell	WELLS FARGO & CO	$2,819,000	-2.2%	54,335	-0.9%	0.42%	-3.0%
MASI	Buy	MASIMO CORP	$2,755,000	-2.7%	129,490	+8.0%	0.41%	-3.3%
ABT	Sell	ABBOTT LABS	$2,723,000	+1.3%	65,487	-0.3%	0.41%	+0.7%
KMB	Sell	KIMBERLY CLARK CORP	$2,550,000	-4.0%	23,710	-0.8%	0.38%	-4.8%
CL	Buy	COLGATE PALMOLIVE CO	$2,503,000	-3.8%	38,369	+0.6%	0.37%	-4.6%
AJG	Sell	GALLAGHER ARTHUR J & CO	$2,284,000	-3.1%	50,359	-0.5%	0.34%	-3.9%
GSK	Buy	GLAXOSMITHKLINE PLCspon adr	$2,214,000	-10.3%	48,172	+4.4%	0.33%	-10.8%
IVV	Buy	ISHARES TRcore s&p500 etf	$2,155,000	+30.1%	10,869	+29.3%	0.32%	+29.3%
ABBV	Sell	ABBVIE INC	$1,422,000	-3.1%	24,616	-5.3%	0.21%	-4.1%
JPM	Sell	JPMORGAN CHASE & CO	$1,412,000	+2.4%	23,433	-2.1%	0.21%	+1.4%
T	Sell	AT&T INC	$787,000	-8.7%	22,312	-8.6%	0.12%	-9.2%
PPG	Sell	PPG INDS INC	$517,000	-12.2%	2,624	-6.4%	0.08%	-13.5%
D	Sell	DOMINION RES INC VA NEW	$503,000	-21.3%	7,284	-18.5%	0.08%	-21.9%
FCF	Sell	FIRST COMWLTH FINL CORP PA	$384,000	-18.6%	45,784	-10.5%	0.06%	-19.7%
PNC	Sell	PNC FINL SVCS GROUP INC	$293,000	-17.7%	3,421	-14.5%	0.04%	-18.5%
MNBP	New	MARS NATIONAL BANCORP INC	$76,000	–	185	–	0.01%	–
ASRV	Buy	AMERISERV FINL INC	$33,000	-5.7%	10,058	+0.2%	0.01%	0.0%
MNBP	Exit	MARS NATIONAL BANK/PA	$0	–	-185	–	-0.01%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-5,808	–	-0.03%	–
GIS	Exit	GENERAL MLS INC	$0	–	-3,960	–	-0.03%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-1,604	–	-0.03%	–
WAG	Exit	WALGREEN CO	$0	–	-3,061	–	-0.03%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-6,281	–	-0.04%	–
MYL	Exit	MYLAN INC	$0	–	-23,017	–	-0.18%	–
	Exit	SYMMCO GROUP INC	$0	–	-1,920	–	-0.58%	–
	Exit	ALLEGHENY VALLEY BANCORP	$0	–	-141,768	–	-0.88%	–

Q2 2014

			Value		Shares		↓ Weighting
STBA	New	S & T BANCORP INC	$38,948,000	–	1,567,292	–	5.86%	–
J105SC	New	CONVERSANT INC	$18,885,000	–	743,520	–	2.84%	–
AFSI	New	AMTRUST FINL SVCS INC	$17,866,000	–	427,321	–	2.69%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$17,176,000	–	365,751	–	2.58%	–
EME	New	EMCOR GROUP INC	$16,565,000	–	372,008	–	2.49%	–
FLEX	New	FLEXTRONICS INTL LTDord	$15,806,000	–	1,427,886	–	2.38%	–
KEX	New	KIRBY CORP	$15,579,000	–	132,991	–	2.34%	–
PII	New	POLARIS INDS INC	$15,110,000	–	116,018	–	2.27%	–
WLL	New	WHITING PETE CORP NEW	$14,814,000	–	184,598	–	2.23%	–
JCOM	New	J2 GLOBAL INC	$14,508,000	–	285,246	–	2.18%	–
GME	New	GAMESTOP CORP NEWcl a	$14,232,000	–	351,653	–	2.14%	–
WDC	New	WESTERN DIGITAL CORP	$13,878,000	–	150,355	–	2.09%	–
TECD	New	TECH DATA CORP	$13,698,000	–	219,100	–	2.06%	–
MYGN	New	MYRIAD GENETICS INC	$13,559,000	–	348,386	–	2.04%	–
FMC	New	FMC CORP	$13,549,000	–	190,323	–	2.04%	–
CF	New	CF INDS HLDGS INC	$13,371,000	–	55,591	–	2.01%	–
FFIV	New	F5 NETWORKS INC	$13,281,000	–	119,176	–	2.00%	–
FHI	New	FEDERATED INVS INC PAcl b	$13,203,000	–	426,998	–	1.99%	–
ITRI	New	ITRON INC	$13,057,000	–	322,009	–	1.96%	–
6107SC	New	URS CORP NEW	$13,035,000	–	284,293	–	1.96%	–
SJM	New	SMUCKER J M CO	$12,994,000	–	121,931	–	1.96%	–
MDP	New	MEREDITH CORP	$12,861,000	–	265,961	–	1.94%	–
GE	New	GENERAL ELECTRIC CO	$12,660,000	–	481,727	–	1.91%	–
SCCO	New	SOUTHERN COPPER CORP	$12,477,000	–	410,854	–	1.88%	–
GAS	New	AGL RES INC	$12,451,000	–	226,248	–	1.87%	–
XOM	New	EXXON MOBIL CORP	$12,392,000	–	123,076	–	1.86%	–
NSR	New	NEUSTAR INCcl a	$11,966,000	–	459,883	–	1.80%	–
MSFT	New	MICROSOFT CORP	$11,903,000	–	285,451	–	1.79%	–
TGI	New	TRIUMPH GROUP INC NEW	$11,741,000	–	168,153	–	1.77%	–
MMM	New	3M CO	$11,455,000	–	79,972	–	1.72%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$11,197,000	–	997,987	–	1.68%	–
CMI	New	CUMMINS INC	$11,022,000	–	71,435	–	1.66%	–
TNH	New	TERRA NITROGEN CO L P	$10,943,000	–	75,824	–	1.65%	–
PEP	New	PEPSICO INC	$10,771,000	–	120,556	–	1.62%	–
INTC	New	INTEL CORP	$10,095,000	–	326,722	–	1.52%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$10,056,000	–	97,978	–	1.51%	–
VAR	New	VARIAN MED SYS INC	$10,015,000	–	120,468	–	1.51%	–
OKE	New	ONEOK INC NEW	$9,545,000	–	140,201	–	1.44%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$9,514,000	–	75,169	–	1.43%	–
UN	New	UNILEVER N V	$8,517,000	–	194,633	–	1.28%	–
PG	New	PROCTER & GAMBLE CO	$8,372,000	–	106,531	–	1.26%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$8,096,000	–	116,772	–	1.22%	–
DVN	New	DEVON ENERGY CORP NEW	$7,915,000	–	99,696	–	1.19%	–
ABC	New	AMERISOURCEBERGEN CORP	$7,894,000	–	108,640	–	1.19%	–
IJR	New	ISHAREScore s&p scp etf	$6,961,000	–	60,383	–	1.05%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$6,364,000	–	196,060	–	0.96%	–
HFC	New	HOLLYFRONTIER CORP	$6,270,000	–	143,517	–	0.94%	–
	New	ALLEGHENY VALLEY BANCORP	$5,812,000	–	141,768	–	0.88%	–
MOS	New	MOSAIC CO NEW	$5,727,000	–	115,816	–	0.86%	–
COH	New	COACH INC	$5,533,000	–	161,803	–	0.83%	–
MATW	New	MATTHEWS INTL CORPcl a	$4,466,000	–	107,415	–	0.67%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,053,000	–	82,833	–	0.61%	–
	New	SYMMCO GROUP INC	$3,840,000	–	1,920	–	0.58%	–
JNJ	New	JOHNSON & JOHNSON	$3,151,000	–	30,116	–	0.47%	–
WFC	New	WELLS FARGO & CO NEW	$2,882,000	–	54,852	–	0.43%	–
MASI	New	MASIMO CORP	$2,830,000	–	119,930	–	0.43%	–
ABT	New	ABBOTT LABS	$2,687,000	–	65,682	–	0.40%	–
KMB	New	KIMBERLY CLARK CORP	$2,657,000	–	23,898	–	0.40%	–
CL	New	COLGATE PALMOLIVE CO	$2,602,000	–	38,158	–	0.39%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$2,467,000	–	46,131	–	0.37%	–
AJG	New	GALLAGHER ARTHUR J & CO	$2,357,000	–	50,605	–	0.36%	–
IVV	New	ISHAREScore s&p500 etf	$1,656,000	–	8,406	–	0.25%	–
CBTC	New	CBT FINANCIAL CORP	$1,477,000	–	48,452	–	0.22%	–
ABBV	New	ABBVIE INC	$1,468,000	–	25,987	–	0.22%	–
JPM	New	JPMORGAN CHASE & CO	$1,379,000	–	23,933	–	0.21%	–
MYL	New	MYLAN INC	$1,187,000	–	23,017	–	0.18%	–
CBFV	New	CB FINANCIAL SERVICES INC	$1,116,000	–	56,500	–	0.17%	–
NFG	New	NATIONAL FUEL GAS CO N J	$881,000	–	11,250	–	0.13%	–
T	New	AT&T INC	$862,000	–	24,401	–	0.13%	–
LOW	New	LOWES COS INC	$824,000	–	17,171	–	0.12%	–
RHHBY	New	ROCHE HOLDINGS LTDspons adr	$647,000	–	17,358	–	0.10%	–
D	New	DOMINION RES INC VA NEW	$639,000	–	8,941	–	0.10%	–
PPG	New	PPG INDS INC	$589,000	–	2,802	–	0.09%	–
FCF	New	FIRST COMWLTH FINL CORP PA	$472,000	–	51,145	–	0.07%	–
BA	New	BOEING CO	$424,000	–	3,336	–	0.06%	–
ROK	New	ROCKWELL AUTOMATION INC	$364,000	–	2,908	–	0.06%	–
PNC	New	PNC FINL SVCS GROUP INC	$356,000	–	3,999	–	0.05%	–
TSC	New	TRISTATE CAPITAL HLDGS INC	$353,000	–	25,000	–	0.05%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$257,000	–	6,281	–	0.04%	–
MRK	New	MERCK & CO INC NEW	$254,000	–	4,401	–	0.04%	–
WAG	New	WALGREEN CO	$227,000	–	3,061	–	0.03%	–
DMLP	New	DORCHESTER MINERALS LP	$223,000	–	7,300	–	0.03%	–
CVX	New	CHEVRON CORP NEW	$210,000	–	1,604	–	0.03%	–
GIS	New	GENERAL MLS INC	$208,000	–	3,960	–	0.03%	–
FE	New	FIRSTENERGY CORP	$202,000	–	5,808	–	0.03%	–
WVFC	New	WVS FINANCIAL CORP	$180,000	–	16,500	–	0.03%	–
CCNE	New	CNB FINL CORP PA	$173,000	–	10,300	–	0.03%	–
MNBP	New	MARS NATIONAL BANK/PA	$76,000	–	185	–	0.01%	–
ASRV	New	AMERISERV FINL INC	$35,000	–	10,034	–	0.01%	–
TRWS	New	TRUEWEST CORP	$1,000	–	16,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
ACTC	Exit	ADVANCED CELL TECHNOLOGY INC	$0	–	-17,000	–	0.00%	–
TRWS	Exit	TRUEWEST CORPORATION	$0	–	-16,000	–	0.00%	–
ASRV	Exit	AMERISERV FINL INC	$0	–	-10,000	–	-0.01%	–
MNBP	Exit	MARS NATIONAL BANK/PA	$0	–	-185	–	-0.01%	–
	Exit	SEI INTL TRintl eqt a	$0	–	-13,621	–	-0.02%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-10,842	–	-0.02%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-16,500	–	-0.03%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-4,270	–	-0.03%	–
	Exit	WASHINGTON MUT INVS FD INCcl f-1	$0	–	-5,538	–	-0.03%	–
PFE	Exit	PFIZER INC	$0	–	-7,448	–	-0.03%	–
	Exit	VANGUARD/PRIMECAP FD INC	$0	–	-2,428	–	-0.03%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,230	–	-0.03%	–
GIS	Exit	GENERAL MLS INC	$0	–	-4,460	–	-0.03%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-5,808	–	-0.03%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-6,656	–	-0.03%	–
BAX	Exit	BAXTER INTL INC	$0	–	-3,382	–	-0.04%	–
	Exit	1ST SUMMIT BANCORP JOHNSTWN	$0	–	-2,777	–	-0.04%	–
VIAB	Exit	VIACOM INC NEWclass b	$0	–	-2,699	–	-0.04%	–
BEAM	Exit	BEAM INC	$0	–	-3,675	–	-0.04%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-5,151	–	-0.04%	–
ERF	Exit	ENERPLUS CORP	$0	–	-15,310	–	-0.04%	–
	Exit	CAPITAL WORLD GROWTH & INCOMcl f-1	$0	–	-6,276	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,493	–	-0.05%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-4,299	–	-0.05%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,655	–	-0.05%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,604	–	-0.05%	–
TSC	Exit	TRISTATE CAPITAL HLDGS INC	$0	–	-25,000	–	-0.05%	–
CCNE	Exit	CNB FINL CORP PA	$0	–	-19,500	–	-0.05%	–
	Exit	HUMPHREY CHARCOAL	$0	–	-831	–	-0.06%	–
	Exit	GROWTH FD AMER INCcl a	$0	–	-9,079	–	-0.06%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-3,733	–	-0.06%	–
	Exit	SEI INSTL MANAGED TRlarge cap val a	$0	–	-19,013	–	-0.06%	–
	Exit	SEI INSTL MANAGED TRlarg cap grw a	$0	–	-14,176	–	-0.07%	–
	Exit	BERKSHIRE SECURITIES CORP	$0	–	-2,000	–	-0.07%	–
BA	Exit	BOEING CO	$0	–	-3,692	–	-0.07%	–
	Exit	ROYCE FDtotal return	$0	–	-28,825	–	-0.07%	–
PPG	Exit	PPG INDS INC	$0	–	-2,937	–	-0.08%	–
	Exit	VANGUARD INDEX FDSmidcap idx sig	$0	–	-14,381	–	-0.09%	–
	Exit	ROYCE FDspl eqty invt	$0	–	-22,771	–	-0.09%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-10,285	–	-0.10%	–
FCF	Exit	FIRST COMWLTH FINL CORP PA	$0	–	-101,382	–	-0.12%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-11,450	–	-0.12%	–
LOW	Exit	LOWES COS INC	$0	–	-17,171	–	-0.13%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-17,260	–	-0.14%	–
T	Exit	AT&T INC	$0	–	-30,839	–	-0.16%	–
CBFV	Exit	CB FINANCIAL SERVICES INC	$0	–	-56,500	–	-0.18%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-24,691	–	-0.20%	–
CBTC	Exit	CBT FINANCIAL CORP	$0	–	-48,452	–	-0.23%	–
ABBV	Exit	ABBVIE INC	$0	–	-34,209	–	-0.24%	–
IVV	Exit	ISHAREScore s&p500 etf	$0	–	-10,758	–	-0.28%	–
ABT	Exit	ABBOTT LABS	$0	–	-54,835	–	-0.28%	–
	Exit	HARRIS ASSOC INVT TRoakmr int cp i	$0	–	-114,431	–	-0.31%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-46,584	–	-0.32%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-23,434	–	-0.34%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-54,183	–	-0.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,540	–	-0.37%	–
	Exit	SYMMCO GROUP INC	$0	–	-1,920	–	-0.39%	–
RHHBY	Exit	ROCHE HLDG LTDsponsored adr	$0	–	-43,156	–	-0.45%	–
MASI	Exit	MASIMO CORP	$0	–	-111,303	–	-0.46%	–
NWBI	Exit	NORTHWEST BANCSHARES INC MD	$0	–	-241,343	–	-0.50%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-74,520	–	-0.54%	–
	Exit	NEUBERGER BERMAN EQUITY FDSeqt incm fd in	$0	–	-312,307	–	-0.58%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-97,647	–	-0.65%	–
	Exit	FUNDAMENTAL INVS	$0	–	-86,891	–	-0.65%	–
	Exit	HARBOR FDintl fd instl	$0	–	-61,474	–	-0.66%	–
MCRS	Exit	MICROS SYS INC	$0	–	-88,487	–	-0.69%	–
	Exit	ROYCE FDlowpric st svc	$0	–	-317,138	–	-0.74%	–
MATW	Exit	MATTHEWS INTL CORPcl a	$0	–	-132,394	–	-0.78%	–
AVLY	Exit	ALLEGHENY VALLEY BANCORP PA	$0	–	-140,272	–	-0.93%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-184,302	–	-0.97%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-107,885	–	-0.97%	–
	Exit	JOSEPH F. BIDDLE PUBLISHING	$0	–	-1,700	–	-0.97%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-107,220	–	-1.02%	–
UN	Exit	UNILEVER N V	$0	–	-179,442	–	-1.05%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-113,575	–	-1.09%	–
INTC	Exit	INTEL CORP	$0	–	-307,463	–	-1.10%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-144,398	–	-1.13%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-97,103	–	-1.14%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-116,718	–	-1.15%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-71,564	–	-1.26%	–
OKE	Exit	ONEOK INC NEW	$0	–	-154,340	–	-1.28%	–
TNH	Exit	TERRA NITROGEN CO L P	$0	–	-41,058	–	-1.30%	–
	Exit	SELECTED AMERN SHS INCcl s	$0	–	-180,358	–	-1.33%	–
PRGO	Exit	PERRIGO CO	$0	–	-70,365	–	-1.35%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-95,602	–	-1.39%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-119,600	–	-1.39%	–
SKX	Exit	SKECHERS U S A INCclass a	$0	–	-288,560	–	-1.40%	–
PEP	Exit	PEPSICO INC	$0	–	-112,943	–	-1.40%	–
IJR	Exit	ISHAREScore s&p scp etf	$0	–	-90,370	–	-1.40%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-277,230	–	-1.44%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-398,578	–	-1.46%	–
CMI	Exit	CUMMINS INC	$0	–	-71,478	–	-1.48%	–
MMM	Exit	3M CO	$0	–	-81,457	–	-1.51%	–
	Exit	DODGE & COX STK FD	$0	–	-65,671	–	-1.55%	–
TGI	Exit	TRIUMPH GROUP INC NEW	$0	–	-145,987	–	-1.60%	–
SCCO	Exit	SOUTHERN COPPER CORP	$0	–	-377,019	–	-1.60%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-123,144	–	-1.65%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-397,553	–	-1.68%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-463,570	–	-1.72%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-449,912	–	-1.74%	–
VCLK	Exit	VALUECLICK INC	$0	–	-540,203	–	-1.75%	–
TECD	Exit	TECH DATA CORP	$0	–	-226,902	–	-1.76%	–
EFA	Exit	ISHARESmsci eafe etf	$0	–	-179,662	–	-1.78%	–
MDP	Exit	MEREDITH CORP	$0	–	-240,769	–	-1.78%	–
GAS	Exit	AGL RES INC	$0	–	-253,488	–	-1.82%	–
SJM	Exit	SMUCKER J M CO	$0	–	-113,903	–	-1.86%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-144,245	–	-1.93%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-251,208	–	-1.94%	–
ITRI	Exit	ITRON INC	$0	–	-292,095	–	-1.95%	–
KEX	Exit	KIRBY CORP	$0	–	-146,884	–	-1.98%	–
FLEX	Exit	FLEXTRONICS INTL LTDord	$0	–	-1,495,627	–	-2.12%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-230,937	–	-2.15%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-66,822	–	-2.19%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-287,866	–	-2.22%	–
FMC	Exit	FMC CORP	$0	–	-202,638	–	-2.26%	–
EME	Exit	EMCOR GROUP INC	$0	–	-372,542	–	-2.27%	–
PII	Exit	POLARIS INDS INC	$0	–	-134,246	–	-2.70%	–
	Exit	STEWART CAP MUT FDSmid cap fds	$0	–	-1,694,959	–	-4.09%	–
STBA	Exit	S & T BANCORP INC	$0	–	-1,688,958	–	-6.36%	–

Q3 2013

			Value		Shares		↓ Weighting
STBA	Sell	S & T BANCORP INC	$40,907,000	+21.2%	1,688,958	-2.0%	6.36%	+7.6%
	Sell	STEWART CAP MUT FDSmid cap fds	$26,306,000	+7.9%	1,694,959	-1.3%	4.09%	-4.1%
PII	Sell	POLARIS INDS INC	$17,342,000	+31.5%	134,246	-3.3%	2.70%	+16.8%
EME	Buy	EMCOR GROUP INC	$14,578,000	+0.2%	372,542	+4.1%	2.27%	-11.0%
FMC	Buy	FMC CORP	$14,534,000	+20.3%	202,638	+2.4%	2.26%	+6.9%
JCOM	Buy	J2 GLOBAL INC	$14,255,000	+17.6%	287,866	+1.0%	2.22%	+4.5%
CF	Buy	CF INDS HLDGS INC	$14,088,000	+32.7%	66,822	+7.9%	2.19%	+17.8%
WLL	Buy	WHITING PETE CORP NEW	$13,821,000	+37.7%	230,937	+6.0%	2.15%	+22.3%
FLEX	Buy	FLEXTRONICS INTL LTDord	$13,595,000	+18.7%	1,495,627	+1.0%	2.12%	+5.4%
KEX	Buy	KIRBY CORP	$12,713,000	+13.8%	146,884	+4.6%	1.98%	+1.1%
ITRI	Buy	ITRON INC	$12,510,000	+12.3%	292,095	+11.2%	1.95%	-0.3%
GME	Sell	GAMESTOP CORP NEWcl a	$12,472,000	-29.8%	251,208	-40.6%	1.94%	-37.7%
FFIV	Buy	F5 NETWORKS INC	$12,378,000	+31.5%	144,245	+5.4%	1.93%	+16.8%
SJM	Buy	SMUCKER J M CO	$11,965,000	+34.5%	113,903	+28.9%	1.86%	+19.5%
GAS	Buy	AGL RES INC	$11,668,000	+15.9%	253,488	+7.9%	1.82%	+2.9%
MDP	Sell	MEREDITH CORP	$11,465,000	-23.9%	240,769	-23.8%	1.78%	-32.4%
EFA	Buy	ISHARESmsci eafe etf	$11,462,000	+11.4%	179,662	+0.0%	1.78%	-1.1%
TECD	Buy	TECH DATA CORP	$11,325,000	+14.7%	226,902	+8.2%	1.76%	+1.8%
VCLK	New	VALUECLICK INC	$11,268,000	–	540,203	–	1.75%	–
SWKS	Buy	SKYWORKS SOLUTIONS INC	$11,175,000	+19.6%	449,912	+5.4%	1.74%	+6.2%
GE	Buy	GENERAL ELECTRIC CO	$11,075,000	+5.8%	463,570	+2.7%	1.72%	-5.9%
FHI	Buy	FEDERATED INVS INC PAcl b	$10,797,000	+3.4%	397,553	+4.3%	1.68%	-8.1%
XOM	Buy	EXXON MOBIL CORP	$10,595,000	-3.0%	123,144	+1.9%	1.65%	-13.8%
SCCO	Buy	SOUTHERN COPPER CORP	$10,270,000	+11.1%	377,019	+12.7%	1.60%	-1.3%
TGI	Buy	TRIUMPH GROUP INC NEW	$10,251,000	-4.8%	145,987	+7.3%	1.60%	-15.4%
	Sell	DODGE & COX STK FD	$9,945,000	+2.8%	65,671	-3.6%	1.55%	-8.7%
MMM	Buy	3M CO	$9,726,000	+12.4%	81,457	+2.9%	1.51%	-0.1%
CMI	Buy	CUMMINS INC	$9,497,000	+31.4%	71,478	+7.3%	1.48%	+16.7%
MYGN	Sell	MYRIAD GENETICS INC	$9,367,000	-17.1%	398,578	-5.2%	1.46%	-26.4%
MSFT	Buy	MICROSOFT CORP	$9,226,000	+1.8%	277,230	+5.7%	1.44%	-9.6%
SKX	Sell	SKECHERS U S A INCclass a	$8,977,000	+2.7%	288,560	-20.7%	1.40%	-8.8%
PEP	Buy	PEPSICO INC	$8,979,000	+2.2%	112,943	+5.2%	1.40%	-9.2%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$8,943,000	+15.7%	95,602	+10.3%	1.39%	+2.7%
VAR	Buy	VARIAN MED SYS INC	$8,938,000	+18.1%	119,600	+6.6%	1.39%	+5.0%
PRGO	Buy	PERRIGO CO	$8,681,000	+7.9%	70,365	+5.8%	1.35%	-4.1%
	Sell	SELECTED AMERN SHS INCcl s	$8,562,000	-2.0%	180,358	-1.7%	1.33%	-13.0%
TNH	Buy	TERRA NITROGEN CO L P	$8,322,000	+5.6%	41,058	+11.4%	1.30%	-6.2%
OKE	Buy	ONEOK INC NEW	$8,230,000	+36.3%	154,340	+5.6%	1.28%	+21.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$8,123,000	+2.7%	71,564	+1.3%	1.26%	-8.7%
WDC	Buy	WESTERN DIGITAL CORP	$7,400,000	+7.9%	116,718	+5.7%	1.15%	-4.2%
PG	Buy	PROCTER & GAMBLE CO	$7,340,000	+1.5%	97,103	+3.4%	1.14%	-9.8%
GSK	Sell	GLAXOSMITHKLINE PLCsponsored adr	$7,245,000	-2.0%	144,398	-2.4%	1.13%	-13.0%
INTC	Buy	INTEL CORP	$7,048,000	+2.4%	307,463	+8.2%	1.10%	-9.0%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$7,019,000	+0.9%	113,575	+0.8%	1.09%	-10.4%
UN	Buy	UNILEVER N V	$6,768,000	+2.6%	179,442	+7.0%	1.05%	-8.8%
ABC	Buy	AMERISOURCEBERGEN CORP	$6,551,000	+10.4%	107,220	+0.9%	1.02%	-1.9%
DVN	Buy	DEVON ENERGY CORP NEW	$6,231,000	+13.8%	107,885	+2.2%	0.97%	+1.0%
F102PS	Buy	BABCOCK & WILCOX CO NEW	$6,215,000	+18.7%	184,302	+5.7%	0.97%	+5.5%
AVLY	New	ALLEGHENY VALLEY BANCORP PA	$5,962,000	–	140,272	–	0.93%	–
MATW	Buy	MATTHEWS INTL CORPcl a	$5,042,000	+13.4%	132,394	+12.3%	0.78%	+0.8%
	Buy	ROYCE FDlowpric st svc	$4,766,000	+10.3%	317,138	+0.3%	0.74%	-2.0%
MCRS	Buy	MICROS SYS INC	$4,420,000	+21.1%	88,487	+4.6%	0.69%	+7.7%
	Sell	HARBOR FDintl fd instl	$4,259,000	+10.5%	61,474	-0.6%	0.66%	-1.8%
	Sell	FUNDAMENTAL INVS	$4,204,000	+4.9%	86,891	-1.1%	0.65%	-6.8%
MOS	Buy	MOSAIC CO NEW	$4,200,000	-15.2%	97,647	+6.2%	0.65%	-24.7%
	Buy	NEUBERGER BERMAN EQUITY FDSeqt incm fd in	$3,763,000	+0.5%	312,307	+0.7%	0.58%	-10.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,478,000	+0.7%	74,520	+8.6%	0.54%	-10.6%
NWBI	Buy	NORTHWEST BANCSHARES INC MD	$3,188,000	+2.3%	241,343	+4.7%	0.50%	-9.2%
MASI	Buy	MASIMO CORP	$2,965,000	+32.6%	111,303	+5.5%	0.46%	+17.6%
RHHBY	Buy	ROCHE HLDG LTDsponsored adr	$2,910,000	+15.2%	43,156	+6.0%	0.45%	+2.5%
JNJ	Sell	JOHNSON & JOHNSON	$2,388,000	+0.4%	27,540	-0.6%	0.37%	-10.8%
WFC	Buy	WELLS FARGO & CO NEW	$2,239,000	+9.1%	54,183	+8.9%	0.35%	-3.3%
KMB	Buy	KIMBERLY CLARK CORP	$2,208,000	+8.9%	23,434	+12.3%	0.34%	-3.1%
AJG	Buy	GALLAGHER ARTHUR J & CO	$2,033,000	+11.2%	46,584	+11.4%	0.32%	-1.2%
	Sell	HARRIS ASSOC INVT TRoakmr int cp i	$1,978,000	+12.6%	114,431	-2.3%	0.31%	0.0%
ABT	Buy	ABBOTT LABS	$1,821,000	+18.4%	54,835	+24.4%	0.28%	+5.2%
ABBV	Sell	ABBVIE INC	$1,530,000	+6.7%	34,209	-1.4%	0.24%	-5.2%
CBTC	New	CBT FINANCIAL CORP	$1,454,000	–	48,452	–	0.23%	–
JPM	Buy	JPMORGAN CHASE & CO	$1,277,000	-1.7%	24,691	+0.4%	0.20%	-12.7%
CBFV	New	CB FINANCIAL SERVICES INC	$1,125,000	–	56,500	–	0.18%	–
T	Buy	AT&T INC	$1,043,000	+0.6%	30,839	+5.3%	0.16%	-11.0%
KRFT	Buy	KRAFT FOODS GROUP INC	$905,000	+5.7%	17,260	+12.6%	0.14%	-6.0%
FCF	Sell	FIRST COMWLTH FINL CORP PA	$770,000	-7.8%	101,382	-10.5%	0.12%	-17.8%
	Sell	ROYCE FDspl eqty invt	$585,000	+8.1%	22,771	-0.1%	0.09%	-4.2%
	Sell	VANGUARD INDEX FDSmidcap idx sig	$576,000	+6.5%	14,381	-1.1%	0.09%	-5.3%
PPG	Sell	PPG INDS INC	$491,000	+7.7%	2,937	-5.6%	0.08%	-5.0%
	Sell	ROYCE FDtotal return	$476,000	+6.5%	28,825	-1.3%	0.07%	-5.1%
	Sell	SEI INSTL MANAGED TRlarg cap grw a	$429,000	-0.7%	14,176	-8.2%	0.07%	-11.8%
	Sell	SEI INSTL MANAGED TRlarge cap val a	$417,000	-3.5%	19,013	-7.8%	0.06%	-14.5%
ROK	Sell	ROCKWELL AUTOMATION INC	$399,000	+16.3%	3,733	-9.7%	0.06%	+3.3%
	Buy	GROWTH FD AMER INCcl a	$382,000	+55.9%	9,079	+42.3%	0.06%	+37.2%
CCNE	Sell	CNB FINL CORP PA	$332,000	-2.1%	19,500	-2.5%	0.05%	-11.9%
CVX	New	CHEVRON CORP NEW	$316,000	–	2,604	–	0.05%	–
PNC	Sell	PNC FINL SVCS GROUP INC	$311,000	-4.9%	4,299	-4.1%	0.05%	-15.8%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$307,000	+1.0%	1,655	+4.2%	0.05%	-9.4%
PM	New	PHILIP MORRIS INTL INC	$302,000	–	3,493	–	0.05%	–
	New	CAPITAL WORLD GROWTH & INCOMcl f-1	$265,000	–	6,276	–	0.04%	–
MRK	Sell	MERCK & CO INC NEW	$245,000	-1.6%	5,151	-3.7%	0.04%	-13.6%
BAX	Sell	BAXTER INTL INC	$222,000	-8.3%	3,382	-3.1%	0.04%	-16.7%
VIAB	New	VIACOM INC NEWclass b	$226,000	–	2,699	–	0.04%	–
PFE	Sell	PFIZER INC	$214,000	-2.7%	7,448	-5.1%	0.03%	-15.4%
MCD	Sell	MCDONALDS CORP	$215,000	-14.0%	2,230	-11.9%	0.03%	-25.0%
	New	VANGUARD/PRIMECAP FD INC	$213,000	–	2,428	–	0.03%	–
	New	WASHINGTON MUT INVS FD INCcl f-1	$204,000	–	5,538	–	0.03%	–
CINF	New	CINCINNATI FINL CORP	$201,000	–	4,270	–	0.03%	–
BAC	New	BANK OF AMERICA CORPORATION	$149,000	–	10,842	–	0.02%	–
	Sell	SEI INTL TRintl eqt a	$132,000	-7.7%	13,621	-16.1%	0.02%	-16.0%
MNBP	New	MARS NATIONAL BANK/PA	$80,000	–	185	–	0.01%	–
	Exit	FEDERATED INV PRIME OBLIG-IS	$0	–	-2,565,328	–	-0.02%	–
	Exit	SEI INSTL MANAGED TRs&p 500 ind	$0	–	-4,933	–	-0.04%	–
AVP	Exit	AVON PRODS INC	$0	–	-54,096	–	-0.20%	–

Q2 2013

			Value		Shares		↓ Weighting
STBA	New	S&T BANCORP INC.	$33,763,000	–	1,722,604	–	5.91%	–
	New	STEWART CAP MUT FDSmid cap fds	$24,379,000	–	1,716,836	–	4.27%	–
GME	New	GAMESTOP CORP NEWcl a	$17,766,000	–	422,705	–	3.11%	–
MDP	New	MEREDITH CORP	$15,071,000	–	315,955	–	2.64%	–
EME	New	EMCOR GROUP INC	$14,548,000	–	357,903	–	2.55%	–
PII	New	POLARIS INDS INC	$13,191,000	–	138,841	–	2.31%	–
JCOM	New	J2 GLOBAL INC	$12,122,000	–	285,157	–	2.12%	–
FMC	New	FMC CORP	$12,082,000	–	197,869	–	2.12%	–
FLEX	New	FLEXTRONICS INTL LTDord	$11,457,000	–	1,480,113	–	2.01%	–
MYGN	New	MYRIAD GENETICS INC	$11,302,000	–	420,601	–	1.98%	–
KEX	New	KIRBY CORP	$11,171,000	–	140,440	–	1.96%	–
ITRI	New	ITRON INC	$11,143,000	–	262,628	–	1.95%	–
XOM	New	EXXON MOBIL CORP	$10,918,000	–	120,841	–	1.91%	–
TGI	New	TRIUMPH GROUP INC NEW	$10,770,000	–	136,081	–	1.89%	–
CF	New	CF INDS HLDGS INC	$10,620,000	–	61,917	–	1.86%	–
GE	New	GENERAL ELECTRIC CO	$10,463,000	–	451,218	–	1.83%	–
FHI	New	FEDERATED INVS INC PAcl b	$10,443,000	–	380,995	–	1.83%	–
EFA	New	ISHARESmsci eafe e	$10,290,000	–	179,575	–	1.80%	–
GAS	New	AGL RESOURCES INC	$10,066,000	–	234,864	–	1.76%	–
WLL	New	WHITING PETE CORP NEW	$10,039,000	–	217,809	–	1.76%	–
TECD	New	TECH DATA CORP	$9,877,000	–	209,749	–	1.73%	–
	New	DODGE & COX STK FD	$9,676,000	–	68,107	–	1.70%	–
FFIV	New	F5 NETWORKS INC	$9,414,000	–	136,841	–	1.65%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$9,346,000	–	426,960	–	1.64%	–
SCCO	New	SOUTHERN COPPER CORP	$9,242,000	–	334,641	–	1.62%	–
MSFT	New	MICROSOFT CORP	$9,060,000	–	262,265	–	1.59%	–
SJM	New	SMUCKER J M CO	$8,894,000	–	88,376	–	1.56%	–
PEP	New	PEPSICO INC	$8,784,000	–	107,392	–	1.54%	–
	New	SELECTED AMERN SHS INCcl s	$8,740,000	–	183,523	–	1.53%	–
SKX	New	SKECHERS U S A INCcl a	$8,741,000	–	364,081	–	1.53%	–
MMM	New	3M CO	$8,653,000	–	79,135	–	1.52%	–
IJR	New	ISHAREScore s&p sc	$8,162,000	–	90,370	–	1.43%	–
PRGO	New	PERRIGO CO	$8,045,000	–	66,491	–	1.41%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$7,909,000	–	70,671	–	1.38%	–
TNH	New	TERRA NITROGEN CO L P	$7,884,000	–	36,840	–	1.38%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$7,732,000	–	86,648	–	1.35%	–
VAR	New	VARIAN MED SYS INC	$7,565,000	–	112,150	–	1.32%	–
GSK	New	GLAXOSMITHKLINE PLC-SPON ADRsponsored a	$7,393,000	–	147,936	–	1.30%	–
PG	New	PROCTER & GAMBLE CO	$7,231,000	–	93,915	–	1.27%	–
CMI	New	CUMMINS INC	$7,228,000	–	66,633	–	1.27%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,959,000	–	112,711	–	1.22%	–
INTC	New	INTEL CORP	$6,885,000	–	284,149	–	1.21%	–
WDC	New	WESTERN DIGITAL CORP	$6,856,000	–	110,417	–	1.20%	–
UN	New	UNILEVER N V	$6,594,000	–	167,746	–	1.16%	–
	New	JOSEPH F. BIDDLE PUBLISHING	$6,237,000	–	1,700	–	1.09%	–
OKE	New	ONEOK INC NEW	$6,037,000	–	146,107	–	1.06%	–
ABC	New	AMERISOURCEBERGEN CORP	$5,935,000	–	106,296	–	1.04%	–
DVN	New	DEVON ENERGY CORP NEW	$5,475,000	–	105,538	–	0.96%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$5,236,000	–	174,348	–	0.92%	–
MOS	New	MOSAIC CO NEW	$4,950,000	–	91,987	–	0.87%	–
MATW	New	MATTHEWS INTL CORPcl a	$4,445,000	–	117,902	–	0.78%	–
	New	ROYCE FDlowpric st	$4,321,000	–	316,094	–	0.76%	–
	New	FUNDAMENTAL INVS	$4,007,000	–	87,828	–	0.70%	–
	New	HARBOR FDintl fd ins	$3,856,000	–	61,846	–	0.68%	–
	New	NEUBERGER BERMAN EQUITY FDSeqt incm fd	$3,743,000	–	310,075	–	0.66%	–
MCRS	New	MICROS SYS INC	$3,649,000	–	84,588	–	0.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,453,000	–	68,591	–	0.60%	–
NWBI	New	NORTHWEST BANCSHARES INC MD	$3,115,000	–	230,581	–	0.55%	–
RHHBY	New	ROCHE HLDG LTDsponsored a	$2,525,000	–	40,707	–	0.44%	–
	New	SYMMCO GROUP INC	$2,496,000	–	1,920	–	0.44%	–
JNJ	New	JOHNSON & JOHNSON	$2,379,000	–	27,699	–	0.42%	–
MASI	New	MASIMO CORP	$2,236,000	–	105,455	–	0.39%	–
WFC	New	WELLS FARGO & CO NEW	$2,053,000	–	49,762	–	0.36%	–
KMB	New	KIMBERLY CLARK CORP	$2,028,000	–	20,875	–	0.36%	–
AJG	New	GALLAGHER ARTHUR J & CO	$1,828,000	–	41,832	–	0.32%	–
	New	HARRIS ASSOC INVT TRoakmr int c	$1,756,000	–	117,098	–	0.31%	–
IVV	New	ISHAREScore s&p500	$1,730,000	–	10,758	–	0.30%	–
ABT	New	ABBOTT LABS	$1,538,000	–	44,077	–	0.27%	–
ABBV	New	ABBVIE INC	$1,434,000	–	34,709	–	0.25%	–
JPM	New	JPMORGAN CHASE & CO	$1,299,000	–	24,591	–	0.23%	–
AVP	New	AVON PRODS INC	$1,137,000	–	54,096	–	0.20%	–
T	New	AT&T INC	$1,037,000	–	29,298	–	0.18%	–
KRFT	New	KRAFT FOODS GROUP INC	$856,000	–	15,325	–	0.15%	–
FCF	New	FIRST COMWLTH FINL CORP PA	$835,000	–	113,257	–	0.15%	–
LOW	New	LOWES COS INC	$702,000	–	17,171	–	0.12%	–
NFG	New	NATIONAL FUEL GAS CO N J	$664,000	–	11,450	–	0.12%	–
D	New	DOMINION RES INC VA NEW	$584,000	–	10,285	–	0.10%	–
	New	ROYCE FDspl eqty in	$541,000	–	22,799	–	0.10%	–
	New	VANGUARD INDEX FDSmidcap idx	$541,000	–	14,543	–	0.10%	–
PPG	New	PPG INDS INC	$456,000	–	3,112	–	0.08%	–
	New	ROYCE FDtotal retur	$447,000	–	29,213	–	0.08%	–
	New	SEI INSTL MANAGED TRlarg cap gr	$432,000	–	15,447	–	0.08%	–
	New	BERKSHIRE SECURITIES CORP	$436,000	–	2,000	–	0.08%	–
	New	SEI INSTL MANAGED TRlarge cap v	$432,000	–	20,631	–	0.08%	–
BA	New	BOEING CO	$378,000	–	3,692	–	0.07%	–
	New	HUMPHREY CHARCOAL	$372,000	–	831	–	0.06%	–
TSC	New	TRISTATE CAPITAL HLDGS INC	$344,000	–	25,000	–	0.06%	–
ROK	New	ROCKWELL AUTOMATION INC	$343,000	–	4,133	–	0.06%	–
CCNE	New	CNB FINL CORP PA	$339,000	–	20,000	–	0.06%	–
PNC	New	PNC FINL SVCS GROUP INC	$327,000	–	4,485	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$304,000	–	1,588	–	0.05%	–
MCD	New	MCDONALDS CORP	$250,000	–	2,530	–	0.04%	–
MRK	New	MERCK & CO INC NEW	$249,000	–	5,351	–	0.04%	–
	New	GROWTH FD AMER INCcl a	$245,000	–	6,378	–	0.04%	–
BAX	New	BAXTER INTL INC	$242,000	–	3,489	–	0.04%	–
BEAM	New	BEAM INC	$232,000	–	3,675	–	0.04%	–
	New	1ST SUMMIT BANCORP	$232,000	–	2,777	–	0.04%	–
ERF	New	ENERPLUS CORP	$226,000	–	15,310	–	0.04%	–
PFE	New	PFIZER INC	$220,000	–	7,848	–	0.04%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$218,000	–	6,656	–	0.04%	–
	New	SEI INSTL MANAGED TRs&p 500 ind	$219,000	–	4,933	–	0.04%	–
GIS	New	GENERAL MLS INC	$217,000	–	4,460	–	0.04%	–
FE	New	FIRSTENERGY CORP	$217,000	–	5,808	–	0.04%	–
WVFC	New	WVS FINL CORP	$188,000	–	16,500	–	0.03%	–
	New	SEI INTL TRintl eqt a	$143,000	–	16,226	–	0.02%	–
	New	FEDERATED INV PRIME OBLIG-IS	$103,000	–	2,565,328	–	0.02%	–
ASRV	New	AMERISERV FINL INC	$27,000	–	10,000	–	0.01%	–
ACTC	New	ADVANCED CELL TECHNOLOGY INC	$1,000	–	17,000	–	0.00%	–
TRWS	New	TRUEWEST CORPORATION	$1,000	–	16,000	–	0.00%	–

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