CLARK ESTATES INC/NY Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
	Sell	EA SERIES TRUSTeuclidean fundam	$94,029,746	+1.3%	3,358,841	-0.0%	17.11%	+9.3%
	Sell	HALEON PLCspon ads	$23,740,500	-8.6%	2,850,000	-8.1%	4.32%	-1.4%
DNB	Buy	DUN & BRADSTREET HLDGS INC	$23,386,590	+1.8%	2,341,000	+17.9%	4.26%	+9.9%
LHX	Buy	L3HARRIS TECHNOLOGIES INC	$22,300,419	+1.5%	128,075	+14.2%	4.06%	+9.6%
	Buy	GE HEALTHCARE TECHNOLOGIES I	$22,113,000	-2.8%	325,000	+16.1%	4.02%	+4.9%
	New	KENVUE INC	$20,080,000	–	1,000,000	–	3.65%	–
FISV	Sell	FISERV INC	$19,801,888	-28.8%	175,300	-20.4%	3.60%	-23.1%
UL	Sell	UNILEVER PLCspon adr new	$19,760,000	-27.8%	400,000	-23.8%	3.60%	-22.1%
SNN	Buy	SMITH & NEPHEW PLCspdn adr new	$13,623,500	+40.8%	550,000	+83.3%	2.48%	+52.0%
KHC	Sell	KRAFT HEINZ CO	$10,092,000	-52.6%	300,000	-50.0%	1.84%	-48.9%
PFE	Buy	PFIZER INC	$6,890,238	-3.1%	207,725	+7.1%	1.25%	+4.6%
PRDO	Sell	PERDOCEO ED CORP	$3,719,250	-11.5%	217,500	-36.5%	0.68%	-4.4%
OC	Sell	OWENS CORNING NEW	$3,533,019	-25.8%	25,900	-29.0%	0.64%	-19.9%
WU	Buy	WESTERN UN CO	$3,474,248	+33.7%	263,600	+19.0%	0.63%	+44.3%
ALSN	Sell	ALLISON TRANSMISSION HLDGS I	$3,395,950	-45.1%	57,500	-47.5%	0.62%	-40.7%
EBAY	New	EBAY INC.	$3,350,840	–	76,000	–	0.61%	–
JWA	New	WILEY JOHN & SONS INCcl a	$3,345,300	–	90,000	–	0.61%	–
SNX	New	TD SYNNEX CORPORATION	$3,305,366	–	33,100	–	0.60%	–
VNT	Sell	VONTIER CORPORATION	$3,262,060	-38.8%	105,500	-36.3%	0.59%	-33.9%
OXY	Buy	OCCIDENTAL PETE CORP	$3,256,976	+17.9%	50,200	+6.8%	0.59%	+27.3%
ATKR	Sell	ATKORE INC	$3,252,342	-34.0%	21,800	-31.0%	0.59%	-28.8%
SM	Sell	SM ENERGY CO	$3,203,720	-14.2%	80,800	-31.5%	0.58%	-7.3%
EXPE	New	EXPEDIA GROUP INC	$3,174,556	–	30,800	–	0.58%	–
HOG	New	HARLEY DAVIDSON INC	$3,124,170	–	94,500	–	0.57%	–
CNXC	Buy	CONCENTRIX CORP	$3,108,268	+37.5%	38,800	+38.6%	0.57%	+48.6%
UTHR	New	UNITED THERAPEUTICS CORP DEL	$3,049,245	–	13,500	–	0.56%	–
NTCT	New	NETSCOUT SYS INC	$3,026,160	–	108,000	–	0.55%	–
FWRD	New	FORWARD AIR CORP	$3,024,560	–	44,000	–	0.55%	–
AMWD	New	AMERICAN WOODMARK CORPORATIO	$3,024,400	–	40,000	–	0.55%	–
CVS	Buy	CVS HEALTH CORP	$3,014,478	+8.5%	43,175	+7.5%	0.55%	+17.1%
VGR	New	VECTOR GROUP LTD	$3,000,480	–	282,000	–	0.55%	–
OMC	New	OMNICOM GROUP INC	$2,927,064	–	39,300	–	0.53%	–
MO	Buy	ALTRIA GROUP INC	$2,876,220	+2.7%	68,400	+10.7%	0.52%	+10.8%
ACIW	Buy	ACI WORLDWIDE INC	$2,847,072	+14.0%	126,200	+17.1%	0.52%	+23.0%
TPR	New	TAPESTRY INC	$2,788,750	–	97,000	–	0.51%	–
	Buy	EMBECTA CORP	$2,755,655	+41.6%	183,100	+103.2%	0.50%	+52.7%
PINC	New	PREMIER INCcl a	$2,687,500	–	125,000	–	0.49%	–
REZI	Buy	RESIDEO TECHNOLOGIES INC	$2,616,480	-1.6%	165,600	+10.0%	0.48%	+6.2%
PATK	Sell	PATRICK INDS INC	$2,544,534	-38.2%	33,900	-34.2%	0.46%	-33.3%
EAF	Buy	GRAFTECH INTL LTD	$2,456,945	-10.0%	641,500	+18.5%	0.45%	-2.8%
AAN	Buy	THE AARONS COMPANY INC	$2,390,301	+11.1%	228,300	+50.0%	0.44%	+19.8%
	Buy	STAGWELL INC	$2,251,200	-30.6%	480,000	+6.7%	0.41%	-25.0%
THRY	Buy	THRYV HLDGS INC	$2,211,106	-18.9%	117,800	+6.3%	0.40%	-12.4%
CPRX	New	CATALYST PHARMACEUTICALS INC	$2,197,720	–	188,000	–	0.40%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-135,500	–	-0.27%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-20,000	–	-0.28%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-52,778	–	-0.33%	–
NMRK	Exit	NEWMARK GROUP INCcl a	$0	–	-325,000	–	-0.34%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-10,015	–	-0.36%	–
MMI	Exit	MARCUS & MILLICHAP INC	$0	–	-75,500	–	-0.40%	–
HZO	Exit	MARINEMAX INC	$0	–	-79,400	–	-0.46%	–
WDC	Exit	WESTERN DIGITAL CORP.	$0	–	-72,800	–	-0.46%	–
APA	Exit	APA CORPORATION	$0	–	-81,000	–	-0.47%	–
FMC	Exit	FMC CORP	$0	–	-30,000	–	-0.53%	–
SHOO	Exit	MADDEN STEVEN LTD	$0	–	-96,000	–	-0.53%	–
LCII	Exit	LCI INDS	$0	–	-25,500	–	-0.54%	–
WLK	Exit	WESTLAKE CORPORATION	$0	–	-28,600	–	-0.58%	–
CTVA	Exit	CORTEVA INC	$0	–	-60,000	–	-0.58%	–
THO	Exit	THOR INDS INC	$0	–	-36,500	–	-0.64%	–
PHM	Exit	PULTE GROUP INC	$0	–	-51,500	–	-0.67%	–
DHI	Exit	D R HORTON INC	$0	–	-42,000	–	-0.86%	–
BLDR	Exit	BUILDERS FIRSTSOURCE INC	$0	–	-47,700	–	-1.09%	–

Q2 2023

			Value		Shares		↓ Weighting
	New	EA SERIES TRUSTeuclidean fundam	$92,867,088	–	3,359,868	–	15.65%	–
FISV	New	FISERV INC	$27,794,630	–	220,330	–	4.68%	–
UL	New	UNILEVER PLCspon adr new	$27,368,250	–	525,000	–	4.61%	–
	New	HALEON PLCspon ads	$25,978,000	–	3,100,000	–	4.38%	–
MDT	New	MEDTRONIC PLC	$24,227,500	–	275,000	–	4.08%	–
PM	New	PHILIP MORRIS INTL INC	$22,969,986	–	235,300	–	3.87%	–
DNB	New	DUN & BRADSTREET HLDGS INC	$22,966,450	–	1,985,000	–	3.87%	–
	New	GE HEALTHCARE TECHNOLOGIES I	$22,747,200	–	280,000	–	3.83%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$21,960,500	–	112,175	–	3.70%	–
KHC	New	KRAFT HEINZ CO	$21,300,000	–	600,000	–	3.59%	–
DDD	New	3-D SYS CORP DEL	$14,086,837	–	1,418,614	–	2.38%	–
	New	BAUSCH PLUS LOMB CORP	$11,078,640	–	552,000	–	1.87%	–
SNN	New	SMITH & NEPHEW PLCspdn adr new	$9,675,000	–	300,000	–	1.63%	–
GOOGL	New	ALPHABET INCcap stk cl a	$9,147,474	–	76,420	–	1.54%	–
PFE	New	PFIZER INC	$7,113,169	–	193,925	–	1.20%	–
BLDR	New	BUILDERS FIRSTSOURCE INC	$6,487,200	–	47,700	–	1.09%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$6,182,370	–	109,500	–	1.04%	–
VNT	New	VONTIER CORPORATION	$5,330,755	–	165,500	–	0.90%	–
DHI	New	D R HORTON INC	$5,110,980	–	42,000	–	0.86%	–
ATKR	New	ATKORE INC	$4,927,704	–	31,600	–	0.83%	–
OC	New	OWENS CORNING NEW	$4,763,250	–	36,500	–	0.80%	–
STTK	New	SHATTUCK LABS INC	$4,604,022	–	1,475,648	–	0.78%	–
GILD	New	GILEAD SCIENCES INC	$4,429,598	–	57,475	–	0.75%	–
MLI	New	MUELLER INDS INC	$4,407,640	–	50,500	–	0.74%	–
ARW	New	ARROW ELECTRS INC	$4,296,900	–	30,000	–	0.72%	–
IDCC	New	INTERDIGITAL INC	$4,199,925	–	43,500	–	0.71%	–
PRDO	New	PERDOCEO ED CORP	$4,202,475	–	342,500	–	0.71%	–
PATK	New	PATRICK INDS INC	$4,120,000	–	51,500	–	0.69%	–
DELL	New	DELL TECHNOLOGIES INCcl c	$4,058,250	–	75,000	–	0.68%	–
PHM	New	PULTE GROUP INC	$4,000,520	–	51,500	–	0.67%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,837,952	–	59,968	–	0.65%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,812,352	–	58,400	–	0.64%	–
THO	New	THOR INDS INC	$3,777,750	–	36,500	–	0.64%	–
SM	New	SM ENERGY CO	$3,732,340	–	118,000	–	0.63%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$3,580,825	–	21,500	–	0.60%	–
HPQ	New	HP INC	$3,577,715	–	116,500	–	0.60%	–
JCOM	New	ZIFF DAVIS INC	$3,573,060	–	51,000	–	0.60%	–
WEX	New	WEX INC	$3,513,951	–	19,300	–	0.59%	–
CTVA	New	CORTEVA INC	$3,438,000	–	60,000	–	0.58%	–
ABM	New	ABM INDS INC	$3,433,325	–	80,500	–	0.58%	–
OVV	New	OVINTIV INC	$3,426,300	–	90,000	–	0.58%	–
WLK	New	WESTLAKE CORPORATION	$3,416,842	–	28,600	–	0.58%	–
CI	New	THE CIGNA GROUP	$3,367,200	–	12,000	–	0.57%	–
TGNA	New	TEGNA INC	$3,280,480	–	202,000	–	0.55%	–
CVCO	New	CAVCO INDS INC DEL	$3,245,000	–	11,000	–	0.55%	–
	New	STAGWELL INC	$3,244,500	–	450,000	–	0.55%	–
LCII	New	LCI INDS	$3,222,180	–	25,500	–	0.54%	–
MAN	New	MANPOWERGROUP INC WIS	$3,215,700	–	40,500	–	0.54%	–
BSM	New	BLACK STONE MINERALS L P	$3,190,000	–	200,000	–	0.54%	–
SHOO	New	MADDEN STEVEN LTD	$3,138,240	–	96,000	–	0.53%	–
FMC	New	FMC CORP	$3,130,200	–	30,000	–	0.53%	–
HSII	New	HEIDRICK & STRUGGLES INTL IN	$3,128,754	–	118,200	–	0.53%	–
QCOM	New	QUALCOMM INC	$3,118,848	–	26,200	–	0.53%	–
KTB	New	KONTOOR BRANDS INC	$3,031,200	–	72,000	–	0.51%	–
VTRS	New	VIATRIS INC	$2,954,080	–	296,000	–	0.50%	–
IIIN	New	INSTEEL INDS INC	$2,863,040	–	92,000	–	0.48%	–
RHI	New	ROBERT HALF INTL INC	$2,828,272	–	37,600	–	0.48%	–
	New	SYLVAMO CORP	$2,831,500	–	70,000	–	0.48%	–
MO	New	ALTRIA GROUP INC	$2,799,540	–	61,800	–	0.47%	–
KFY	New	KORN FERRY	$2,789,102	–	56,300	–	0.47%	–
CVS	New	CVS HEALTH CORP	$2,777,298	–	40,175	–	0.47%	–
APA	New	APA CORPORATION	$2,767,770	–	81,000	–	0.47%	–
OXY	New	OCCIDENTAL PETE CORP	$2,763,600	–	47,000	–	0.47%	–
WDC	New	WESTERN DIGITAL CORP.	$2,761,304	–	72,800	–	0.46%	–
CROX	New	CROCS INC	$2,732,292	–	24,300	–	0.46%	–
EAF	New	GRAFTECH INTL LTD	$2,729,160	–	541,500	–	0.46%	–
THRY	New	THRYV HLDGS INC	$2,725,680	–	110,800	–	0.46%	–
HZO	New	MARINEMAX INC	$2,712,304	–	79,400	–	0.46%	–
	New	VICTORIAS SECRET AND CO	$2,701,650	–	155,000	–	0.46%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$2,659,596	–	150,600	–	0.45%	–
ATGE	New	ADTALEM GLOBAL ED INC	$2,606,406	–	75,900	–	0.44%	–
WU	New	WESTERN UN CO	$2,599,368	–	221,600	–	0.44%	–
APPS	New	DIGITAL TURBINE INC	$2,505,600	–	270,000	–	0.42%	–
ACIW	New	ACI WORLDWIDE INC	$2,497,726	–	107,800	–	0.42%	–
ARCB	New	ARCBEST CORP	$2,470,000	–	25,000	–	0.42%	–
MMI	New	MARCUS & MILLICHAP INC	$2,379,005	–	75,500	–	0.40%	–
CNXC	New	CONCENTRIX CORP	$2,261,000	–	28,000	–	0.38%	–
GD	New	GENERAL DYNAMICS CORP	$2,154,727	–	10,015	–	0.36%	–
AAN	New	THE AARONS COMPANY INC	$2,152,108	–	152,200	–	0.36%	–
NMRK	New	NEWMARK GROUP INCcl a	$2,021,500	–	325,000	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,962,814	–	52,778	–	0.33%	–
	New	EMBECTA CORP	$1,946,160	–	90,100	–	0.33%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,686,000	–	20,000	–	0.28%	–
AMCX	New	AMC NETWORKS INCcl a	$1,619,225	–	135,500	–	0.27%	–
PG	New	PROCTER AND GAMBLE CO	$872,505	–	5,750	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON	$679,460	–	4,105	–	0.12%	–
AAPL	New	APPLE INC	$603,441	–	3,111	–	0.10%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$467,217	–	1,054	–	0.08%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$408,790	–	3,055	–	0.07%	–
AMZN	New	AMAZON COM INC	$318,078	–	2,440	–	0.05%	–
MSFT	New	MICROSOFT CORP	$290,481	–	853	–	0.05%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$268,502	–	1,350	–	0.04%	–
XOM	New	EXXON MOBIL CORP	$238,524	–	2,224	–	0.04%	–

Q4 2022

			Value		Shares		↓ Weighting
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,491	–	-0.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,605	–	-0.13%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,460	–	-0.15%	–
	Exit	ADEIA INC	$0	–	-97,200	–	-0.35%	–
AAN	Exit	THE AARONS COMPANY INC	$0	–	-167,000	–	-0.36%	–
RCII	Exit	RENT A CTR INC NEW	$0	–	-103,000	–	-0.40%	–
AKYA	Exit	AKOYA BIOSCIENCES INC	$0	–	-171,976	–	-0.45%	–
XPER	Exit	XPERI HOLDING CORP	$0	–	-243,000	–	-0.45%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-152,000	–	-0.45%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-53,898	–	-0.45%	–
EAF	Exit	GRAFTECH INTL LTD	$0	–	-481,000	–	-0.46%	–
WU	Exit	WESTERN UN CO	$0	–	-154,100	–	-0.46%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-52,000	–	-0.46%	–
KFY	Exit	KORN FERRY	$0	–	-48,000	–	-0.50%	–
GIII	Exit	G III APPAREL GROUP LTD	$0	–	-152,000	–	-0.50%	–
MED	Exit	MEDIFAST INC	$0	–	-21,900	–	-0.52%	–
M	Exit	MACYS INC	$0	–	-163,000	–	-0.56%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-46,500	–	-0.58%	–
THRY	Exit	THRYV HLDGS INC	$0	–	-115,000	–	-0.58%	–
PATK	Exit	PATRICK INDS INC	$0	–	-61,500	–	-0.60%	–
VTRS	Exit	VIATRIS INC	$0	–	-317,000	–	-0.60%	–
ONEW	Exit	ONEWATER MARINE INC	$0	–	-90,000	–	-0.60%	–
HSII	Exit	HEIDRICK & STRUGGLES INTL IN	$0	–	-105,500	–	-0.61%	–
	Exit	EMBECTA CORP	$0	–	-97,600	–	-0.62%	–
	Exit	QUIDELORTHO CORP	$0	–	-40,000	–	-0.63%	–
VSTO	Exit	VISTA OUTDOOR INC	$0	–	-118,000	–	-0.63%	–
BBY	Exit	BEST BUY INC	$0	–	-45,700	–	-0.64%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-73,800	–	-0.66%	–
WLK	Exit	WESTLAKE CORPORATION	$0	–	-34,600	–	-0.66%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-39,600	–	-0.67%	–
SHOO	Exit	MADDEN STEVEN LTD	$0	–	-114,500	–	-0.68%	–
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-161,000	–	-0.68%	–
THO	Exit	THOR INDS INC	$0	–	-44,000	–	-0.68%	–
ARW	Exit	ARROW ELECTRS INC	$0	–	-33,800	–	-0.69%	–
DELL	Exit	DELL TECHNOLOGIES INCcl c	$0	–	-91,500	–	-0.69%	–
VNT	Exit	VONTIER CORPORATION	$0	–	-197,500	–	-0.73%	–
MRNA	Exit	MODERNA INC	$0	–	-28,000	–	-0.73%	–
ATKR	Exit	ATKORE INC	$0	–	-42,600	–	-0.73%	–
APA	Exit	APA CORPORATION	$0	–	-97,000	–	-0.73%	–
PHM	Exit	PULTE GROUP INC	$0	–	-89,000	–	-0.74%	–
DHI	Exit	D R HORTON INC	$0	–	-50,000	–	-0.74%	–
CCRN	Exit	CROSS CTRY HEALTHCARE INC	$0	–	-119,500	–	-0.75%	–
STLD	Exit	STEEL DYNAMICS INC	$0	–	-48,100	–	-0.75%	–
VEC	Exit	V2X INC	$0	–	-97,500	–	-0.76%	–
HPQ	Exit	HP INC	$0	–	-139,000	–	-0.77%	–
VIR	Exit	VIR BIOTECHNOLOGY INC	$0	–	-180,000	–	-0.77%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-141,800	–	-0.77%	–
LOPE	Exit	GRAND CANYON ED INC	$0	–	-43,600	–	-0.79%	–
STTK	Exit	SHATTUCK LABS INC	$0	–	-1,342,440	–	-0.80%	–
	Exit	BATH & BODY WORKS INC	$0	–	-112,000	–	-0.81%	–
ABM	Exit	ABM INDS INC	$0	–	-96,000	–	-0.81%	–
BLDR	Exit	BUILDERS FIRSTSOURCE INC	$0	–	-63,200	–	-0.82%	–
LAUR	Exit	LAUREATE EDUCATION INC	$0	–	-354,000	–	-0.82%	–
LPX	Exit	LOUISIANA PAC CORP	$0	–	-73,000	–	-0.83%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-59,400	–	-0.83%	–
CARS	Exit	CARS COM INC	$0	–	-326,000	–	-0.83%	–
	Exit	BAUSCH PLUS LOMB CORP	$0	–	-250,500	–	-0.85%	–
PRDO	Exit	PERDOCEO ED CORP	$0	–	-408,000	–	-0.93%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-68,400	–	-0.93%	–
AMN	Exit	AMN HEALTHCARE SVCS INC	$0	–	-40,000	–	-0.94%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-20,015	–	-0.94%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-26,000	–	-0.96%	–
STRA	Exit	STRATEGIC ED INC	$0	–	-71,000	–	-0.96%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-130,500	–	-0.97%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-6,400	–	-0.97%	–
FMC	Exit	FMC CORP	$0	–	-45,000	–	-1.05%	–
CROX	Exit	CROCS INC	$0	–	-71,600	–	-1.09%	–
TGNA	Exit	TEGNA INC	$0	–	-241,000	–	-1.10%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-71,200	–	-1.12%	–
MLI	Exit	MUELLER INDS INC	$0	–	-94,000	–	-1.24%	–
CTVA	Exit	CORTEVA INC	$0	–	-100,000	–	-1.26%	–
PFE	Exit	PFIZER INC	$0	–	-166,390	–	-1.61%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,418,614	–	-2.50%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-160,300	–	-2.94%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-155,000	–	-3.11%	–
PHG	Exit	KONINKLIJKE PHILIPS N V	$0	–	-950,000	–	-3.23%	–
	Exit	HALEON PLCspon ads	$0	–	-2,850,000	–	-3.84%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-250,000	–	-4.18%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-265,300	–	-4.36%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-600,000	–	-4.42%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-220,000	–	-4.65%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-265,000	–	-4.73%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-525,000	–	-5.09%	–
FISV	Exit	FISERV INC	$0	–	-265,000	–	-5.48%	–

Q3 2022

			Value		Shares		↓ Weighting
MDT	Buy	MEDTRONIC PLC	$21,399,000	-4.6%	265,000	+6.0%	4.73%	+21.8%
GOOGL	Buy	ALPHABET INCcap stk cl a	$21,043,000	-12.2%	220,000	+1900.0%	4.65%	+12.0%
FIS	New	FIDELITY NATL INFORMATION SV	$18,893,000	–	250,000	–	4.18%	–
	New	HALEON PLCspon ads	$17,357,000	–	2,850,000	–	3.84%	–
PHG	Buy	KONINKLIJKE PHILIPS N V	$14,621,000	-20.1%	950,000	+11.8%	3.23%	+2.0%
IFF	Buy	INTERNATIONAL FLAVORS&FRAGRA	$14,079,000	+18.2%	155,000	+55.0%	3.11%	+50.9%
PM	Sell	PHILIP MORRIS INTL INC	$13,307,000	-40.1%	160,300	-28.7%	2.94%	-23.5%
GD	Sell	GENERAL DYNAMICS CORP	$4,247,000	-23.2%	20,015	-19.9%	0.94%	-1.9%
GILD	Sell	GILEAD SCIENCES INC	$4,220,000	-49.9%	68,400	-49.9%	0.93%	-36.1%
	New	BAUSCH PLUS LOMB CORP	$3,843,000	–	250,500	–	0.85%	–
OMC	Sell	OMNICOM GROUP INC	$3,748,000	-57.7%	59,400	-57.4%	0.83%	-46.1%
	Buy	BATH & BODY WORKS INC	$3,651,000	+115.3%	112,000	+77.8%	0.81%	+174.5%
STTK	Sell	SHATTUCK LABS INC	$3,625,000	-33.7%	1,342,440	-0.4%	0.80%	-15.4%
LOPE	New	GRAND CANYON ED INC	$3,586,000	–	43,600	–	0.79%	–
CCRN	New	CROSS CTRY HEALTHCARE INC	$3,390,000	–	119,500	–	0.75%	–
APA	New	APA CORPORATION	$3,316,000	–	97,000	–	0.73%	–
ATKR	Buy	ATKORE INC	$3,315,000	+9.1%	42,600	+16.4%	0.73%	+39.4%
VNT	Buy	VONTIER CORPORATION	$3,300,000	-8.9%	197,500	+25.4%	0.73%	+16.3%
DELL	Buy	DELL TECHNOLOGIES INCcl c	$3,127,000	-13.8%	91,500	+16.6%	0.69%	+10.0%
ARW	New	ARROW ELECTRS INC	$3,116,000	–	33,800	–	0.69%	–
SHOO	New	MADDEN STEVEN LTD	$3,054,000	–	114,500	–	0.68%	–
RHI	New	ROBERT HALF INTL INC	$3,029,000	–	39,600	–	0.67%	–
WLK	New	WESTLAKE CORPORATION	$3,006,000	–	34,600	–	0.66%	–
BBY	Sell	BEST BUY INC	$2,895,000	-53.1%	45,700	-51.7%	0.64%	-40.1%
VSTO	New	VISTA OUTDOOR INC	$2,870,000	–	118,000	–	0.63%	–
	Buy	QUIDELORTHO CORP	$2,859,000	-20.5%	40,000	+8.1%	0.63%	+1.6%
	New	EMBECTA CORP	$2,810,000	–	97,600	–	0.62%	–
HSII	Buy	HEIDRICK & STRUGGLES INTL IN	$2,742,000	+21.9%	105,500	+51.8%	0.61%	+55.8%
KFY	New	KORN FERRY	$2,254,000	–	48,000	–	0.50%	–
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,047,000	-80.7%	53,898	-74.2%	0.45%	-75.4%
AKYA	Sell	AKOYA BIOSCIENCES INC	$2,021,000	-9.1%	171,976	-0.7%	0.45%	+16.1%
	New	ADEIA INC	$1,584,000	–	97,200	–	0.35%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$415,000	-95.7%	3,491	-94.9%	0.09%	-94.5%
PSTH	Exit	PERSHING SQUARE TONTINE HLDG	$0	–	-12,500	–	-0.04%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-21,309	–	-0.19%	–
COLL	Exit	COLLEGIUM PHARMACEUTICAL INC	$0	–	-70,000	–	-0.22%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-480,000	–	-0.24%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-230,000	–	-0.25%	–
DOW	Exit	DOW INC	$0	–	-38,000	–	-0.34%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-152,375	–	-0.35%	–
HLF	Exit	HERBALIFE NUTRITION LTD	$0	–	-111,600	–	-0.40%	–
	Exit	VICTORIAS SECRET AND CO	$0	–	-86,000	–	-0.42%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-16,500	–	-0.44%	–
K	Exit	KELLOGG CO	$0	–	-40,000	–	-0.49%	–
STRL	Exit	STERLING INFRASTRUCTURE INC	$0	–	-142,000	–	-0.54%	–
INVA	Exit	INNOVIVA INC	$0	–	-220,000	–	-0.56%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-458,000	–	-0.60%	–
HI	Exit	HILLENBRAND INC	$0	–	-89,000	–	-0.63%	–
CI	Exit	CIGNA CORP NEW	$0	–	-14,700	–	-0.67%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INC	$0	–	-355,000	–	-0.71%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-115,000	–	-0.76%	–
ABBV	Exit	ABBVIE INC	$0	–	-50,000	–	-1.33%	–
T	Exit	AT&T INC	$0	–	-400,000	–	-1.45%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-400,000	–	-1.91%	–
GSK	Exit	GSK PLCsponsored adr	$0	–	-325,000	–	-2.45%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-500,000	–	-3.40%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-435,000	–	-3.94%	–

Q2 2022

			Value		Shares		↓ Weighting
UL	New	UNILEVER PLCspon adr new	$24,061,000	–	525,000	–	4.16%	–
GOOGL	New	ALPHABET INCcap stk cl a	$23,972,000	–	11,000	–	4.15%	–
FISV	New	FISERV INC	$23,577,000	–	265,000	–	4.08%	–
KHC	New	KRAFT HEINZ CO	$22,884,000	–	600,000	–	3.96%	–
CAH	New	CARDINAL HEALTH INC	$22,737,000	–	435,000	–	3.94%	–
MDT	New	MEDTRONIC PLC	$22,438,000	–	250,000	–	3.88%	–
PM	New	PHILIP MORRIS INTL INC	$22,197,000	–	224,800	–	3.84%	–
ATVI	New	ACTIVISION BLIZZARD INC	$20,656,000	–	265,300	–	3.58%	–
CMCSA	New	COMCAST CORP NEWcl a	$19,620,000	–	500,000	–	3.40%	–
PHG	New	KONINKLIJKE PHILIPS N V	$18,301,000	–	850,000	–	3.17%	–
GSK	New	GSK PLCsponsored adr	$14,147,000	–	325,000	–	2.45%	–
DDD	New	3-D SYS CORP DEL	$13,761,000	–	1,418,614	–	2.38%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$11,912,000	–	100,000	–	2.06%	–
IPG	New	INTERPUBLIC GROUP COS INC	$11,012,000	–	400,000	–	1.91%	–
VZ	New	VERIZON COMMUNICATIONS INC	$10,607,000	–	208,998	–	1.84%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$9,670,000	–	68,491	–	1.67%	–
OMC	New	OMNICOM GROUP INC	$8,867,000	–	139,400	–	1.54%	–
PFE	New	PFIZER INC	$8,724,000	–	166,390	–	1.51%	–
GILD	New	GILEAD SCIENCES INC	$8,431,000	–	136,400	–	1.46%	–
T	New	AT&T INC	$8,384,000	–	400,000	–	1.45%	–
ABBV	New	ABBVIE INC	$7,658,000	–	50,000	–	1.33%	–
BBY	New	BEST BUY INC	$6,173,000	–	94,700	–	1.07%	–
GD	New	GENERAL DYNAMICS CORP	$5,531,000	–	25,000	–	0.96%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$5,482,000	–	71,200	–	0.95%	–
STTK	New	SHATTUCK LABS INC	$5,471,000	–	1,347,640	–	0.95%	–
CTVA	New	CORTEVA INC	$5,414,000	–	100,000	–	0.94%	–
TGNA	New	TEGNA INC	$5,054,000	–	241,000	–	0.88%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$5,018,000	–	130,500	–	0.87%	–
STRA	New	STRATEGIC ED INC	$5,011,000	–	71,000	–	0.87%	–
MLI	New	MUELLER INDS INC	$5,009,000	–	94,000	–	0.87%	–
FMC	New	FMC CORP	$4,815,000	–	45,000	–	0.83%	–
PRDO	New	PERDOCEO ED CORP	$4,806,000	–	408,000	–	0.83%	–
VIR	New	VIR BIOTECHNOLOGY INC	$4,585,000	–	180,000	–	0.79%	–
HPQ	New	HP INC	$4,556,000	–	139,000	–	0.79%	–
AMN	New	AMN HEALTHCARE SVCS INC	$4,388,000	–	40,000	–	0.76%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$4,359,000	–	115,000	–	0.76%	–
DXC	New	DXC TECHNOLOGY CO	$4,298,000	–	141,800	–	0.74%	–
NXST	New	NEXSTAR MEDIA GROUP INCcl a	$4,235,000	–	26,000	–	0.73%	–
ABM	New	ABM INDS INC	$4,168,000	–	96,000	–	0.72%	–
LAUR	New	LAUREATE EDUCATION INC	$4,096,000	–	354,000	–	0.71%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INC	$4,093,000	–	355,000	–	0.71%	–
MRNA	New	MODERNA INC	$4,000,000	–	28,000	–	0.69%	–
MED	New	MEDIFAST INC	$3,953,000	–	21,900	–	0.68%	–
CI	New	CIGNA CORP NEW	$3,874,000	–	14,700	–	0.67%	–
LPX	New	LOUISIANA PAC CORP	$3,826,000	–	73,000	–	0.66%	–
REGN	New	REGENERON PHARMACEUTICALS	$3,783,000	–	6,400	–	0.66%	–
HI	New	HILLENBRAND INC	$3,645,000	–	89,000	–	0.63%	–
DELL	New	DELL TECHNOLOGIES INCcl c	$3,627,000	–	78,500	–	0.63%	–
VNT	New	VONTIER CORPORATION	$3,621,000	–	157,500	–	0.63%	–
	New	QUIDELORTHO CORP	$3,596,000	–	37,000	–	0.62%	–
PHM	New	PULTE GROUP INC	$3,527,000	–	89,000	–	0.61%	–
XPER	New	XPERI HOLDING CORP	$3,506,000	–	243,000	–	0.61%	–
CROX	New	CROCS INC	$3,485,000	–	71,600	–	0.60%	–
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$3,449,000	–	458,000	–	0.60%	–
EAF	New	GRAFTECH INTL LTD	$3,401,000	–	481,000	–	0.59%	–
BLDR	New	BUILDERS FIRSTSOURCE INC	$3,394,000	–	63,200	–	0.59%	–
USNA	New	USANA HEALTH SCIENCES INC	$3,365,000	–	46,500	–	0.58%	–
VTRS	New	VIATRIS INC	$3,319,000	–	317,000	–	0.58%	–
DHI	New	D R HORTON INC	$3,310,000	–	50,000	–	0.57%	–
THO	New	THOR INDS INC	$3,288,000	–	44,000	–	0.57%	–
VEC	New	VECTRUS INC	$3,262,000	–	97,500	–	0.56%	–
INVA	New	INNOVIVA INC	$3,247,000	–	220,000	–	0.56%	–
PATK	New	PATRICK INDS INC	$3,188,000	–	61,500	–	0.55%	–
STLD	New	STEEL DYNAMICS INC	$3,182,000	–	48,100	–	0.55%	–
IDCC	New	INTERDIGITAL INC	$3,162,000	–	52,000	–	0.55%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$3,127,000	–	161,000	–	0.54%	–
STRL	New	STERLING INFRASTRUCTURE INC	$3,113,000	–	142,000	–	0.54%	–
MO	New	ALTRIA GROUP INC	$3,083,000	–	73,800	–	0.53%	–
GIII	New	G III APPAREL GROUP LTD	$3,075,000	–	152,000	–	0.53%	–
CARS	New	CARS COM INC	$3,074,000	–	326,000	–	0.53%	–
ATKR	New	ATKORE INC	$3,038,000	–	36,600	–	0.53%	–
M	New	MACYS INC	$2,986,000	–	163,000	–	0.52%	–
ONEW	New	ONEWATER MARINE INC	$2,975,000	–	90,000	–	0.52%	–
K	New	KELLOGG CO	$2,854,000	–	40,000	–	0.49%	–
THRY	New	THRYV HLDGS INC	$2,575,000	–	115,000	–	0.45%	–
WHR	New	WHIRLPOOL CORP	$2,555,000	–	16,500	–	0.44%	–
WU	New	WESTERN UN CO	$2,538,000	–	154,100	–	0.44%	–
AAN	New	THE AARONS COMPANY INC	$2,430,000	–	167,000	–	0.42%	–
	New	VICTORIAS SECRET AND CO	$2,405,000	–	86,000	–	0.42%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$2,336,000	–	152,000	–	0.40%	–
HLF	New	HERBALIFE NUTRITION LTD	$2,282,000	–	111,600	–	0.40%	–
HSII	New	HEIDRICK & STRUGGLES INTL IN	$2,249,000	–	69,500	–	0.39%	–
AKYA	New	AKOYA BIOSCIENCES INC	$2,224,000	–	173,106	–	0.38%	–
	New	WARNER BROS DISCOVERY INC	$2,045,000	–	152,375	–	0.35%	–
RCII	New	RENT A CTR INC NEW	$2,003,000	–	103,000	–	0.35%	–
DOW	New	DOW INC	$1,961,000	–	38,000	–	0.34%	–
	New	BATH & BODY WORKS INC	$1,696,000	–	63,000	–	0.29%	–
TUP	New	TUPPERWARE BRANDS CORP	$1,458,000	–	230,000	–	0.25%	–
QRTEA	New	QURATE RETAIL INC	$1,378,000	–	480,000	–	0.24%	–
COLL	New	COLLEGIUM PHARMACEUTICAL INC	$1,240,000	–	70,000	–	0.22%	–
MBUU	New	MALIBU BOATS INC	$1,123,000	–	21,309	–	0.19%	–
PG	New	PROCTER AND GAMBLE CO	$785,000	–	5,460	–	0.14%	–
JNJ	New	JOHNSON & JOHNSON	$640,000	–	3,605	–	0.11%	–
PSTH	New	PERSHING SQUARE TONTINE HLDG	$250,000	–	12,500	–	0.04%	–

Q4 2021

			Value		Shares		↓ Weighting
PSTH	Exit	PERSHING SQUARE TONTINE HLDG	$0	–	-12,500	–	-0.04%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,780	–	-0.09%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,460	–	-0.11%	–
BIIB	Exit	BIOGEN INC	$0	–	-8,100	–	-0.33%	–
GIS	Exit	GENERAL MLS INC	$0	–	-42,000	–	-0.36%	–
WU	Exit	WESTERN UN CO	$0	–	-154,100	–	-0.44%	–
STRL	Exit	STERLING CONSTR INC	$0	–	-142,000	–	-0.46%	–
BBSI	Exit	BARRETT BUSINESS SVCS INC	$0	–	-42,900	–	-0.47%	–
PHM	Exit	PULTE GROUP INC	$0	–	-72,000	–	-0.47%	–
CI	Exit	CIGNA CORP NEW	$0	–	-16,800	–	-0.48%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-69,000	–	-0.49%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-75,000	–	-0.50%	–
K	Exit	KELLOGG CO	$0	–	-55,000	–	-0.50%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-52,000	–	-0.50%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-100,500	–	-0.51%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-72,600	–	-0.51%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-170,700	–	-0.52%	–
ONEW	Exit	ONEWATER MARINE INC	$0	–	-90,000	–	-0.52%	–
COLL	Exit	COLLEGIUM PHARMACEUTICAL INC	$0	–	-183,800	–	-0.52%	–
SWBI	Exit	SMITH & WESSON BRANDS INC	$0	–	-176,000	–	-0.52%	–
VEC	Exit	VECTRUS INC	$0	–	-73,200	–	-0.52%	–
INVA	Exit	INNOVIVA INC	$0	–	-220,000	–	-0.52%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-61,604	–	-0.53%	–
PRDO	Exit	PERDOCEO ED CORP	$0	–	-351,000	–	-0.53%	–
NLS	Exit	NAUTILUS INC	$0	–	-398,400	–	-0.53%	–
TAP	Exit	MOLSON COORS BEVERAGE COcl b	$0	–	-80,000	–	-0.53%	–
SJM	Exit	SMUCKER J M CO	$0	–	-31,000	–	-0.53%	–
VTRS	Exit	VIATRIS INC	$0	–	-280,000	–	-0.54%	–
HI	Exit	HILLENBRAND INC	$0	–	-89,000	–	-0.54%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-83,900	–	-0.54%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-41,500	–	-0.55%	–
DISCA	Exit	DISCOVERY INC	$0	–	-151,800	–	-0.55%	–
MLI	Exit	MUELLER INDS INC	$0	–	-94,000	–	-0.55%	–
XPER	Exit	XPERI HOLDING CORP	$0	–	-209,000	–	-0.56%	–
	Exit	BATH & BODY WORKS INC	$0	–	-63,000	–	-0.57%	–
ABM	Exit	ABM INDS INC	$0	–	-89,000	–	-0.57%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-458,000	–	-0.58%	–
AMGN	Exit	AMGEN INC	$0	–	-19,000	–	-0.58%	–
CARS	Exit	CARS COM INC	$0	–	-326,000	–	-0.59%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-53,000	–	-0.60%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-71,200	–	-0.60%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-35,300	–	-0.60%	–
VIVO	Exit	MERIDIAN BIOSCIENCE INC	$0	–	-220,000	–	-0.60%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-420,000	–	-0.61%	–
EAF	Exit	GRAFTECH INTL LTD	$0	–	-415,000	–	-0.61%	–
HLF	Exit	HERBALIFE NUTRITION LTD	$0	–	-101,600	–	-0.62%	–
SNX	Exit	SYNNEX CORP	$0	–	-42,400	–	-0.63%	–
STRA	Exit	STRATEGIC ED INC	$0	–	-62,600	–	-0.63%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-112,000	–	-0.63%	–
LPX	Exit	LOUISIANA PAC CORP	$0	–	-73,000	–	-0.64%	–
FOXA	Exit	FOX CORP	$0	–	-113,000	–	-0.65%	–
VNT	Exit	VONTIER CORPORATION	$0	–	-135,500	–	-0.65%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INC	$0	–	-355,000	–	-0.66%	–
TGNA	Exit	TEGNA INC	$0	–	-241,000	–	-0.68%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-141,800	–	-0.68%	–
EBAY	Exit	EBAY INC.	$0	–	-69,000	–	-0.69%	–
HRB	Exit	BLOCK H & R INC	$0	–	-195,000	–	-0.70%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-59,700	–	-0.72%	–
HPQ	Exit	HP INC	$0	–	-186,000	–	-0.73%	–
IVZ	Exit	INVESCO LTD	$0	–	-227,000	–	-0.78%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-40,400	–	-0.79%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,700	–	-0.80%	–
RCII	Exit	RENT A CTR INC NEW	$0	–	-103,000	–	-0.83%	–
T	Exit	AT&T INC	$0	–	-220,000	–	-0.85%	–
PII	Exit	POLARIS INC	$0	–	-50,000	–	-0.85%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-84,600	–	-0.88%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-185,000	–	-0.89%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-175,000	–	-0.92%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-24,000	–	-0.94%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-35,000	–	-0.98%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-51,191	–	-1.02%	–
CTVA	Exit	CORTEVA INC	$0	–	-175,000	–	-1.05%	–
LYFT	Exit	LYFT INC	$0	–	-160,000	–	-1.22%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-136,400	–	-1.36%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-51,500	–	-1.50%	–
EQC	Exit	EQUITY COMWLTH	$0	–	-425,000	–	-1.58%	–
ABBV	Exit	ABBVIE INC	$0	–	-107,300	–	-1.65%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-100,000	–	-1.91%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-325,000	–	-1.97%	–
FMC	Exit	FMC CORP	$0	–	-165,000	–	-2.16%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-275,000	–	-2.20%	–
STTK	Exit	SHATTUCK LABS INC	$0	–	-809,140	–	-2.35%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-85,000	–	-2.67%	–
MRK	Exit	MERCK & CO INC	$0	–	-250,000	–	-2.68%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-550,000	–	-2.88%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-535,000	–	-2.92%	–
PFE	Exit	PFIZER INC	$0	–	-529,575	–	-3.25%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-263,800	–	-3.57%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-585,639	–	-4.52%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-105,000	–	-5.09%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,418,614	–	-5.58%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-15,000	–	-5.72%	–

Q3 2021

			Value		Shares		↓ Weighting
FB	Sell	FACEBOOK INCcl a	$35,636,000	-18.0%	105,000	-16.0%	5.09%	-10.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$31,630,000	-0.2%	585,639	+3.5%	4.52%	+9.1%
IPG	Sell	INTERPUBLIC GROUP COS INC	$20,169,000	-22.6%	550,000	-31.4%	2.88%	-15.4%
LHX	Sell	L3HARRIS TECHNOLOGIES INC	$18,720,000	+0.7%	85,000	-1.2%	2.67%	+10.0%
STTK	Buy	SHATTUCK LABS INC	$16,490,000	-27.6%	809,140	+3.0%	2.35%	-20.9%
FMC	Buy	FMC CORP	$15,107,000	-9.9%	165,000	+6.5%	2.16%	-1.6%
BAC	Sell	BK OF AMERICA CORP	$13,796,000	-16.3%	325,000	-18.8%	1.97%	-8.6%
IFF	Sell	INTERNATIONAL FLAVORS&FRAGRA	$13,372,000	-14.8%	100,000	-4.8%	1.91%	-6.8%
EQC	Buy	EQUITY COMWLTH	$11,042,000	+29.7%	425,000	+30.8%	1.58%	+41.7%
KHC	New	KRAFT HEINZ CO	$6,444,000	–	175,000	–	0.92%	–
OMC	Buy	OMNICOM GROUP INC	$6,130,000	+39.9%	84,600	+54.4%	0.88%	+52.7%
AMZN	Sell	AMAZON COM INC	$5,585,000	-52.4%	1,700	-50.1%	0.80%	-48.0%
TGNA	New	TEGNA INC	$4,753,000	–	241,000	–	0.68%	–
LPX	New	LOUISIANA PAC CORP	$4,480,000	–	73,000	–	0.64%	–
STRA	Buy	STRATEGIC ED INC	$4,413,000	+26.1%	62,600	+36.1%	0.63%	+37.9%
HLF	Buy	HERBALIFE NUTRITION LTD	$4,306,000	-8.9%	101,600	+13.4%	0.62%	-0.3%
AMGN	Buy	AMGEN INC	$4,040,000	-2.5%	19,000	+11.8%	0.58%	+6.7%
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$4,035,000	–	458,000	–	0.58%	–
	New	BATH & BODY WORKS INC	$3,971,000	–	63,000	–	0.57%	–
MLI	New	MUELLER INDS INC	$3,863,000	–	94,000	–	0.55%	–
DISCA	Buy	DISCOVERY INC	$3,853,000	-8.2%	151,800	+11.0%	0.55%	+0.4%
VTRS	Buy	VIATRIS INC	$3,794,000	+10.6%	280,000	+16.7%	0.54%	+21.0%
NLS	Buy	NAUTILUS INC	$3,709,000	-16.9%	398,400	+50.3%	0.53%	-9.3%
AZN	New	ASTRAZENECA PLCsponsored adr	$3,700,000	–	61,604	–	0.53%	–
INVA	New	INNOVIVA INC	$3,676,000	–	220,000	–	0.52%	–
COLL	New	COLLEGIUM PHARMACEUTICAL INC	$3,628,000	–	183,800	–	0.52%	–
TUP	Buy	TUPPERWARE BRANDS CORP	$3,605,000	-5.7%	170,700	+6.0%	0.52%	+3.2%
STRL	New	STERLING CONSTR INC	$3,219,000	–	142,000	–	0.46%	–
OGN	Exit	ORGANON & CO	$0	–	-100,000	–	-0.40%	–
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-225,000	–	-0.43%	–
MCFT	Exit	MASTERCRAFT BOAT HLDGS INC	$0	–	-134,000	–	-0.46%	–
INTC	Exit	INTEL CORP	$0	–	-65,000	–	-0.48%	–
B	Exit	BARNES GROUP INC	$0	–	-77,000	–	-0.52%	–
PRGS	Exit	PROGRESS SOFTWARE CORP	$0	–	-87,000	–	-0.53%	–
CSCO	Exit	CISCO SYS INC	$0	–	-85,600	–	-0.59%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-100,000	–	-0.64%	–
DLX	Exit	DELUXE CORP	$0	–	-103,000	–	-0.64%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-29,000	–	-0.70%	–

Q2 2021

			Value		Shares		↓ Weighting
DDD	New	3-D SYS CORP DEL	$56,702,000	–	1,418,614	–	7.41%	–
FB	New	FACEBOOK INCcl a	$43,464,000	–	125,000	–	5.68%	–
GOOGL	New	ALPHABET INCcap stk cl a	$36,627,000	–	15,000	–	4.78%	–
VZ	New	VERIZON COMMUNICATIONS INC	$31,693,000	–	565,639	–	4.14%	–
PM	New	PHILIP MORRIS INTL INC	$26,145,000	–	263,800	–	3.42%	–
IPG	New	INTERPUBLIC GROUP COS INC	$26,057,000	–	802,000	–	3.40%	–
STTK	New	SHATTUCK LABS INC	$22,784,000	–	785,940	–	2.98%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$21,304,000	–	535,000	–	2.78%	–
PFE	New	PFIZER INC	$20,738,000	–	529,575	–	2.71%	–
MRK	New	MERCK & CO INC	$19,443,000	–	250,000	–	2.54%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$18,589,000	–	86,000	–	2.43%	–
FMC	New	FMC CORP	$16,771,000	–	155,000	–	2.19%	–
BAC	New	BK OF AMERICA CORP	$16,492,000	–	400,000	–	2.15%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$15,687,000	–	105,000	–	2.05%	–
CMCSA	New	COMCAST CORP NEWcl a	$15,681,000	–	275,000	–	2.05%	–
ABBV	New	ABBVIE INC	$12,086,000	–	107,300	–	1.58%	–
AMZN	New	AMAZON COM INC	$11,728,000	–	3,409	–	1.53%	–
WHR	New	WHIRLPOOL CORP	$11,228,000	–	51,500	–	1.47%	–
LYFT	New	LYFT INC	$9,677,000	–	160,000	–	1.26%	–
GILD	New	GILEAD SCIENCES INC	$9,393,000	–	136,400	–	1.23%	–
EQC	New	EQUITY COMWLTH	$8,515,000	–	325,000	–	1.11%	–
CTVA	New	CORTEVA INC	$7,761,000	–	175,000	–	1.01%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$7,504,000	–	51,191	–	0.98%	–
TRIP	New	TRIPADVISOR INC	$7,456,000	–	185,000	–	0.97%	–
PII	New	POLARIS INC	$6,848,000	–	50,000	–	0.89%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,670,000	–	24,000	–	0.87%	–
GD	New	GENERAL DYNAMICS CORP	$6,589,000	–	35,000	–	0.86%	–
T	New	AT&T INC	$6,332,000	–	220,000	–	0.83%	–
SWBI	New	SMITH & WESSON BRANDS INC	$6,107,000	–	176,000	–	0.80%	–
IVZ	New	INVESCO LTD	$6,068,000	–	227,000	–	0.79%	–
HPQ	New	HP INC	$5,615,000	–	186,000	–	0.73%	–
JCOM	New	J2 GLOBAL INC	$5,557,000	–	40,400	–	0.73%	–
DXC	New	DXC TECHNOLOGY CO	$5,522,000	–	141,800	–	0.72%	–
QRTEA	New	QURATE RETAIL INC	$5,498,000	–	420,000	–	0.72%	–
RCII	New	RENT A CTR INC NEW	$5,466,000	–	103,000	–	0.71%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$5,328,000	–	29,000	–	0.70%	–
SNX	New	SYNNEX CORP	$5,163,000	–	42,400	–	0.67%	–
VIAC	New	VIACOMCBS INCcl b	$5,062,000	–	112,000	–	0.66%	–
AMCX	New	AMC NETWORKS INCcl a	$5,010,000	–	75,000	–	0.65%	–
CVS	New	CVS HEALTH CORP	$4,981,000	–	59,700	–	0.65%	–
MEI	New	METHODE ELECTRS INC	$4,921,000	–	100,000	–	0.64%	–
DLX	New	DELUXE CORP	$4,920,000	–	103,000	–	0.64%	–
VIVO	New	MERIDIAN BIOSCIENCE INC	$4,880,000	–	220,000	–	0.64%	–
EBAY	New	EBAY INC.	$4,844,000	–	69,000	–	0.63%	–
EAF	New	GRAFTECH INTL LTD	$4,822,000	–	415,000	–	0.63%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$4,758,000	–	71,200	–	0.62%	–
HLF	New	HERBALIFE NUTRITION LTD	$4,725,000	–	89,600	–	0.62%	–
CARS	New	CARS COM INC	$4,672,000	–	326,000	–	0.61%	–
XPER	New	XPERI HOLDING CORP	$4,648,000	–	209,000	–	0.61%	–
HRB	New	BLOCK H & R INC	$4,579,000	–	195,000	–	0.60%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INC	$4,569,000	–	355,000	–	0.60%	–
CSCO	New	CISCO SYS INC	$4,537,000	–	85,600	–	0.59%	–
NLS	New	NAUTILUS INC	$4,465,000	–	265,000	–	0.58%	–
VNT	New	VONTIER CORPORATION	$4,415,000	–	135,500	–	0.58%	–
OMC	New	OMNICOM GROUP INC	$4,383,000	–	54,800	–	0.57%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$4,346,000	–	69,000	–	0.57%	–
PRDO	New	PERDOCEO ED CORP	$4,307,000	–	351,000	–	0.56%	–
TAP	New	MOLSON COORS BEVERAGE COcl b	$4,295,000	–	80,000	–	0.56%	–
USNA	New	USANA HEALTH SCIENCES INC	$4,251,000	–	41,500	–	0.56%	–
FOXA	New	FOX CORP	$4,196,000	–	113,000	–	0.55%	–
DISCA	New	DISCOVERY INC	$4,197,000	–	136,800	–	0.55%	–
CAH	New	CARDINAL HEALTH INC	$4,145,000	–	72,600	–	0.54%	–
AMGN	New	AMGEN INC	$4,144,000	–	17,000	–	0.54%	–
ABC	New	AMERISOURCEBERGEN CORP	$4,041,000	–	35,300	–	0.53%	–
PRGS	New	PROGRESS SOFTWARE CORP	$4,024,000	–	87,000	–	0.53%	–
SJM	New	SMUCKER J M CO	$4,017,000	–	31,000	–	0.52%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$3,994,000	–	100,500	–	0.52%	–
MO	New	ALTRIA GROUP INC	$4,000,000	–	83,900	–	0.52%	–
CI	New	CIGNA CORP NEW	$3,983,000	–	16,800	–	0.52%	–
ABM	New	ABM INDS INC	$3,947,000	–	89,000	–	0.52%	–
B	New	BARNES GROUP INC	$3,946,000	–	77,000	–	0.52%	–
PHM	New	PULTE GROUP INC	$3,929,000	–	72,000	–	0.51%	–
HI	New	HILLENBRAND INC	$3,923,000	–	89,000	–	0.51%	–
TSN	New	TYSON FOODS INCcl a	$3,909,000	–	53,000	–	0.51%	–
TUP	New	TUPPERWARE BRANDS CORP	$3,824,000	–	161,000	–	0.50%	–
IDCC	New	INTERDIGITAL INC	$3,798,000	–	52,000	–	0.50%	–
ONEW	New	ONEWATER MARINE INC	$3,783,000	–	90,000	–	0.49%	–
INTC	New	INTEL CORP	$3,649,000	–	65,000	–	0.48%	–
WU	New	WESTERN UN CO	$3,540,000	–	154,100	–	0.46%	–
K	New	KELLOGG CO	$3,538,000	–	55,000	–	0.46%	–
MCFT	New	MASTERCRAFT BOAT HLDGS INC	$3,523,000	–	134,000	–	0.46%	–
STRA	New	STRATEGIC ED INC	$3,499,000	–	46,000	–	0.46%	–
VEC	New	VECTRUS INC	$3,484,000	–	73,200	–	0.46%	–
VTRS	New	VIATRIS INC	$3,430,000	–	240,000	–	0.45%	–
MSGN	New	MSG NETWORK INCcl a	$3,281,000	–	225,000	–	0.43%	–
BBSI	New	BARRETT BUSINESS SVCS INC	$3,115,000	–	42,900	–	0.41%	–
OGN	New	ORGANON & CO	$3,026,000	–	100,000	–	0.40%	–
BIIB	New	BIOGEN INC	$2,805,000	–	8,100	–	0.37%	–
GIS	New	GENERAL MLS INC	$2,559,000	–	42,000	–	0.33%	–
PG	New	PROCTER AND GAMBLE CO	$737,000	–	5,460	–	0.10%	–
JNJ	New	JOHNSON & JOHNSON	$623,000	–	3,780	–	0.08%	–
PSTH	New	PERSHING SQUARE TONTINE HLDG	$285,000	–	12,500	–	0.04%	–

Q4 2020

			Value		Shares		↓ Weighting
PSTHWS	Exit	PERSHING SQUARE TONTINE HLDG*w exp 07/24/202	$0	–	-1,388	–	-0.00%	–
PSTH	Exit	PERSHING SQUARE TONTINE HLDG	$0	–	-12,500	–	-0.04%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,460	–	-0.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,655	–	-0.14%	–
DISCK	Exit	DISCOVERY INC	$0	–	-43,394	–	-0.14%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-700,000	–	-0.16%	–
MTSC	Exit	MTS SYS CORP	$0	–	-88,100	–	-0.28%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-95,800	–	-0.28%	–
ATKR	Exit	ATKORE INTL GROUP INC	$0	–	-92,900	–	-0.34%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-21,000	–	-0.35%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-46,600	–	-0.36%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-23,200	–	-0.36%	–
AZZ	Exit	AZZ INC	$0	–	-68,100	–	-0.38%	–
MCFT	Exit	MASTERCRAFT BOAT HLDGS INC	$0	–	-134,000	–	-0.38%	–
MANU	Exit	MANCHESTER UTD PLC NEWord cl a	$0	–	-163,302	–	-0.39%	–
DISCA	Exit	DISCOVERY INC	$0	–	-110,000	–	-0.39%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-86,512	–	-0.40%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-88,300	–	-0.40%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-50,000	–	-0.40%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-34,300	–	-0.41%	–
BIIB	Exit	BIOGEN INC	$0	–	-8,900	–	-0.41%	–
HSII	Exit	HEIDRICK & STRUGGLES INTL IN	$0	–	-130,000	–	-0.42%	–
SWM	Exit	SCHWEITZER-MAUDUIT INTL INC	$0	–	-84,500	–	-0.42%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-67,300	–	-0.42%	–
CR	Exit	CRANE CO	$0	–	-52,500	–	-0.43%	–
EBF	Exit	ENNIS INC	$0	–	-155,000	–	-0.44%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-54,800	–	-0.44%	–
PRDO	Exit	PERDOCEO ED CORP	$0	–	-223,000	–	-0.45%	–
B	Exit	BARNES GROUP INC	$0	–	-77,000	–	-0.45%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-37,500	–	-0.45%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-40,400	–	-0.46%	–
MSM	Exit	MSC INDL DIRECT INCcl a	$0	–	-44,500	–	-0.46%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-1,650	–	-0.46%	–
NTAP	Exit	NETAPP INC	$0	–	-64,600	–	-0.46%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-145,000	–	-0.46%	–
MMI	Exit	MARCUS & MILLICHAP INC	$0	–	-103,000	–	-0.46%	–
CI	Exit	CIGNA CORP NEW	$0	–	-16,800	–	-0.46%	–
IVZ	Exit	INVESCO LTD	$0	–	-250,000	–	-0.47%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-100,000	–	-0.47%	–
MD	Exit	MEDNAX INC	$0	–	-178,400	–	-0.48%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-7,200	–	-0.48%	–
WU	Exit	WESTERN UN CO	$0	–	-138,100	–	-0.48%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-420,000	–	-0.49%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-43,800	–	-0.50%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-86,500	–	-0.50%	–
CSCO	Exit	CISCO SYS INC	$0	–	-77,500	–	-0.50%	–
NWFL	Exit	NORWOOD FINANCIAL CORP	$0	–	-129,516	–	-0.52%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-31,000	–	-0.52%	–
PRGS	Exit	PROGRESS SOFTWARE CORP	$0	–	-87,000	–	-0.52%	–
EME	Exit	EMCOR GROUP INC	$0	–	-48,700	–	-0.54%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-29,000	–	-0.54%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-53,000	–	-0.55%	–
INTC	Exit	INTEL CORP	$0	–	-65,000	–	-0.55%	–
PINC	Exit	PREMIER INCcl a	$0	–	-103,000	–	-0.55%	–
XRX	Exit	XEROX HOLDINGS CORP	$0	–	-183,000	–	-0.56%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-38,600	–	-0.57%	–
SNA	Exit	SNAP ON INC	$0	–	-24,000	–	-0.58%	–
HBI	Exit	HANESBRANDS INC	$0	–	-225,000	–	-0.58%	–
VIVO	Exit	MERIDIAN BIOSCIENCE INC	$0	–	-220,000	–	-0.61%	–
FIX	Exit	COMFORT SYS USA INC	$0	–	-72,900	–	-0.61%	–
ASGN	Exit	ASGN INC	$0	–	-59,200	–	-0.62%	–
HLF	Exit	HERBALIFE NUTRITION LTD	$0	–	-80,900	–	-0.62%	–
MTZ	Exit	MASTEC INC	$0	–	-90,000	–	-0.62%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-41,000	–	-0.65%	–
TWTR	Exit	TWITTER INC	$0	–	-100,000	–	-0.73%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-92,000	–	-0.75%	–
PII	Exit	POLARIS INC	$0	–	-50,000	–	-0.77%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-63,300	–	-0.78%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-24,000	–	-0.84%	–
HPQ	Exit	HP INC	$0	–	-272,000	–	-0.84%	–
GIS	Exit	GENERAL MLS INC	$0	–	-90,000	–	-0.91%	–
LYFT	Exit	LYFT INC	$0	–	-220,000	–	-0.99%	–
WYND	Exit	WYNDHAM DESTINATIONS INC	$0	–	-200,000	–	-1.01%	–
WRK	Exit	WESTROCK CO	$0	–	-177,444	–	-1.01%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-1.14%	–
FOXA	Exit	FOX CORP	$0	–	-276,000	–	-1.26%	–
ABBV	Exit	ABBVIE INC	$0	–	-87,900	–	-1.26%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-135,000	–	-1.33%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-215,000	–	-1.63%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-165,000	–	-1.63%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,412	–	-1.76%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-200,000	–	-1.81%	–
AAPL	Exit	APPLE INC	$0	–	-96,000	–	-1.82%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-1,000,000	–	-2.00%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-335,000	–	-2.06%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-69,000	–	-2.07%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-105,881	–	-2.11%	–
PFE	Exit	PFIZER INC	$0	–	-351,550	–	-2.11%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-62,000	–	-2.13%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-85,000	–	-2.36%	–
T	Exit	AT&T INC	$0	–	-510,935	–	-2.38%	–
MRK	Exit	MERCK & CO. INC	$0	–	-180,000	–	-2.44%	–
CTVA	Exit	CORTEVA INC	$0	–	-525,000	–	-2.47%	–
FMC	Exit	F M C CORP	$0	–	-150,000	–	-2.60%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-1,287,000	–	-3.51%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-15,000	–	-3.59%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-171,000	–	-7.32%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-1,092,039	–	-10.62%	–

Q3 2020

			Value		Shares		↓ Weighting
VZ	Sell	VERIZON COMMUNICATIONS INC	$64,965,000	+7.0%	1,092,039	-0.8%	10.62%	+0.0%
FB	Sell	FACEBOOK INCcl a	$44,785,000	+10.5%	171,000	-4.2%	7.32%	+3.2%
GOOGL	Sell	ALPHABET INCcap stk cl a	$21,984,000	-6.0%	15,000	-9.1%	3.59%	-12.2%
IPG	Buy	INTERPUBLIC GROUP COS INC	$21,454,000	+58.1%	1,287,000	+62.7%	3.51%	+47.7%
FMC	Sell	F M C CORP	$15,887,000	-3.3%	150,000	-9.1%	2.60%	-9.7%
CTVA	Sell	CORTEVA INC	$15,125,000	-9.7%	525,000	-16.0%	2.47%	-15.6%
MRK	Buy	MERCK & CO. INC	$14,931,000	+20.7%	180,000	+12.5%	2.44%	+12.7%
T	Buy	AT&T INC	$14,567,000	-0.4%	510,935	+5.6%	2.38%	-6.9%
LHX	New	L3HARRIS TECHNOLOGIES INC	$14,436,000	–	85,000	–	2.36%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$12,883,000	-1.0%	105,881	-1.7%	2.11%	-7.5%
WHR	Sell	WHIRLPOOL CORP	$12,688,000	+4.2%	69,000	-26.6%	2.07%	-2.6%
GSK	Buy	GLAXOSMITHKLINE PLCsponsored adr	$12,609,000	+31.5%	335,000	+42.6%	2.06%	+23.0%
AAPL	Buy	APPLE INC	$11,118,000	+27.0%	96,000	+300.0%	1.82%	+18.7%
AMZN	Sell	AMAZON COM INC	$10,743,000	+10.9%	3,412	-2.8%	1.76%	+3.6%
CMCSA	Buy	COMCAST CORP NEWcl a	$9,946,000	+155.2%	215,000	+115.0%	1.63%	+138.4%
ABBV	Buy	ABBVIE INC	$7,699,000	+18.1%	87,900	+32.4%	1.26%	+10.3%
FOXA	Sell	FOX CORP	$7,681,000	+2.3%	276,000	-1.4%	1.26%	-4.4%
WRK	Sell	WESTROCK CO	$6,164,000	-68.0%	177,444	-74.0%	1.01%	-70.1%
PM	Buy	PHILIP MORRIS INTL INC	$4,747,000	+32.1%	63,300	+23.4%	0.78%	+23.4%
PII	Sell	POLARIS INC	$4,717,000	-15.1%	50,000	-16.7%	0.77%	-20.7%
VIVO	New	MERIDIAN BIOSCIENCE INC	$3,736,000	–	220,000	–	0.61%	–
XRX	Buy	XEROX HOLDINGS CORP	$3,435,000	+44.9%	183,000	+18.1%	0.56%	+35.4%
INTC	New	INTEL CORP	$3,366,000	–	65,000	–	0.55%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$3,318,000	–	29,000	–	0.54%	–
PRGS	New	PROGRESS SOFTWARE CORP	$3,191,000	–	87,000	–	0.52%	–
NWFL	New	NORWOOD FINANCIAL CORP	$3,150,000	–	129,516	–	0.52%	–
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,041,000	+40.9%	43,800	+15.3%	0.50%	+31.5%
MEI	New	METHODE ELECTRS INC	$2,850,000	–	100,000	–	0.47%	–
CI	Buy	CIGNA CORP NEW	$2,846,000	+18.5%	16,800	+31.2%	0.46%	+10.7%
TRIP	Buy	TRIPADVISOR INC	$2,841,000	+15.0%	145,000	+11.5%	0.46%	+7.4%
B	New	BARNES GROUP INC	$2,752,000	–	77,000	–	0.45%	–
OMC	Buy	OMNICOM GROUP INC	$2,713,000	+2.6%	54,800	+13.2%	0.44%	-3.9%
SWM	Buy	SCHWEITZER-MAUDUIT INTL INC	$2,568,000	+3.6%	84,500	+13.9%	0.42%	-3.2%
VIAC	Sell	VIACOMCBS INCcl b	$2,423,000	+8.8%	86,512	-9.4%	0.40%	+1.5%
MANU	Buy	MANCHESTER UTD PLC NEWord cl a	$2,374,000	-6.9%	163,302	+1.3%	0.39%	-13.0%
MCFT	New	MASTERCRAFT BOAT HLDGS INC	$2,344,000	–	134,000	–	0.38%	–
AZZ	Sell	AZZ INC	$2,324,000	-13.6%	68,100	-13.1%	0.38%	-19.3%
JLL	Buy	JONES LANG LASALLE INC	$2,219,000	+17.8%	23,200	+27.5%	0.36%	+10.3%
CAH	Buy	CARDINAL HEALTH INC	$2,188,000	+4.8%	46,600	+16.5%	0.36%	-1.9%
JNJ	Sell	JOHNSON & JOHNSON	$842,000	+4.7%	5,655	-1.0%	0.14%	-2.1%
PSTH	New	PERSHING SQUARE TONTINE HLDG	$270,000	–	12,500	–	0.04%	–
PSTHWS	New	PERSHING SQUARE TONTINE HLDG*w exp 07/24/202	$9,000	–	1,388	–	0.00%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,000	–	-0.24%	–
CVI	Exit	CVR ENERGY INC	$0	–	-106,000	–	-0.37%	–
OSK	Exit	OSHKOSH CORP	$0	–	-35,000	–	-0.44%	–
AMGN	Exit	AMGEN INC	$0	–	-12,300	–	-0.51%	–
LEA	Exit	LEAR CORP	$0	–	-28,000	–	-0.53%	–
MTOR	Exit	MERITOR INC	$0	–	-167,000	–	-0.58%	–
BBY	Exit	BEST BUY INC	$0	–	-38,300	–	-0.58%	–
KFY	Exit	KORN FERRY	$0	–	-113,700	–	-0.61%	–

Q2 2020

			Value		Shares		↓ Weighting
VZ	New	VERIZON COMMUNICATIONS INC	$60,687,000	–	1,100,790	–	10.62%	–
FB	New	FACEBOOK INCcl a	$40,532,000	–	178,500	–	7.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$23,398,000	–	16,500	–	4.09%	–
WRK	New	WESTROCK CO	$19,259,000	–	681,495	–	3.37%	–
CTVA	New	CORTEVA INC	$16,744,000	–	625,000	–	2.93%	–
FMC	New	F M C CORP	$16,437,000	–	165,000	–	2.88%	–
T	New	AT&T INC	$14,621,000	–	483,655	–	2.56%	–
IPG	New	INTERPUBLIC GROUP COS INC	$13,574,000	–	791,000	–	2.38%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$13,008,000	–	107,711	–	2.28%	–
MSFT	New	MICROSOFT CORP	$12,618,000	–	62,000	–	2.21%	–
MRK	New	MERCK & CO. INC	$12,373,000	–	160,000	–	2.16%	–
WHR	New	WHIRLPOOL CORP	$12,176,000	–	94,000	–	2.13%	–
PFE	New	PFIZER INC	$11,496,000	–	351,550	–	2.01%	–
DD	New	DUPONT DE NEMOURS INC	$10,626,000	–	200,000	–	1.86%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$10,240,000	–	1,000,000	–	1.79%	–
DDD	New	3-D SYS CORP DEL	$9,970,000	–	1,426,390	–	1.74%	–
AMZN	New	AMAZON COM INC	$9,689,000	–	3,512	–	1.70%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$9,586,000	–	235,000	–	1.68%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$9,319,000	–	165,000	–	1.63%	–
AAPL	New	APPLE INC	$8,755,000	–	24,000	–	1.53%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$7,938,000	–	135,000	–	1.39%	–
FOXA	New	FOX CORP	$7,510,000	–	280,000	–	1.31%	–
LYFT	New	LYFT INC	$7,262,000	–	220,000	–	1.27%	–
ABBV	New	ABBVIE INC	$6,519,000	–	66,400	–	1.14%	–
WYND	New	WYNDHAM DESTINATIONS INC	$5,636,000	–	200,000	–	0.99%	–
PII	New	POLARIS INC	$5,553,000	–	60,000	–	0.97%	–
GIS	New	GENERAL MLS INC	$5,549,000	–	90,000	–	0.97%	–
HPQ	New	HP INC	$4,741,000	–	272,000	–	0.83%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,284,000	–	24,000	–	0.75%	–
ABC	New	AMERISOURCEBERGEN CORP	$4,132,000	–	41,000	–	0.72%	–
GILD	New	GILEAD SCIENCES INC	$4,078,000	–	53,000	–	0.71%	–
MTZ	New	MASTEC INC	$4,038,000	–	90,000	–	0.71%	–
QRTEA	New	QURATE RETAIL INC	$3,990,000	–	420,000	–	0.70%	–
ASGN	New	ASGN INC	$3,947,000	–	59,200	–	0.69%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,898,000	–	100,000	–	0.68%	–
HLF	New	HERBALIFE NUTRITION LTD	$3,639,000	–	80,900	–	0.64%	–
CSCO	New	CISCO SYS INC	$3,615,000	–	77,500	–	0.63%	–
PM	New	PHILIP MORRIS INTL INC	$3,594,000	–	51,300	–	0.63%	–
PRDO	New	PERDOCEO ED CORP	$3,552,000	–	223,000	–	0.62%	–
PINC	New	PREMIER INCcl a	$3,531,000	–	103,000	–	0.62%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$3,517,000	–	92,000	–	0.62%	–
KFY	New	KORN FERRY	$3,494,000	–	113,700	–	0.61%	–
BBY	New	BEST BUY INC	$3,342,000	–	38,300	–	0.58%	–
SNA	New	SNAP ON INC	$3,324,000	–	24,000	–	0.58%	–
MTOR	New	MERITOR INC	$3,307,000	–	167,000	–	0.58%	–
MSM	New	MSC INDL DIRECT INCcl a	$3,240,000	–	44,500	–	0.57%	–
EME	New	EMCOR GROUP INC	$3,221,000	–	48,700	–	0.56%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$3,181,000	–	86,500	–	0.56%	–
CR	New	CRANE CO	$3,122,000	–	52,500	–	0.55%	–
MD	New	MEDNAX INC	$3,051,000	–	178,400	–	0.53%	–
LEA	New	LEAR CORP	$3,053,000	–	28,000	–	0.53%	–
MIDD	New	MIDDLEBY CORP	$3,047,000	–	38,600	–	0.53%	–
WU	New	WESTERN UN CO	$2,986,000	–	138,100	–	0.52%	–
TWTR	New	TWITTER INC	$2,979,000	–	100,000	–	0.52%	–
MMI	New	MARCUS & MILLICHAP INC	$2,973,000	–	103,000	–	0.52%	–
FIX	New	COMFORT SYS USA INC	$2,971,000	–	72,900	–	0.52%	–
AYI	New	ACUITY BRANDS INC	$2,968,000	–	31,000	–	0.52%	–
AMGN	New	AMGEN INC	$2,901,000	–	12,300	–	0.51%	–
NTAP	New	NETAPP INC	$2,866,000	–	64,600	–	0.50%	–
EBF	New	ENNIS INC	$2,812,000	–	155,000	–	0.49%	–
HSII	New	HEIDRICK & STRUGGLES INTL IN	$2,811,000	–	130,000	–	0.49%	–
USNA	New	USANA HEALTH SCIENCES INC	$2,754,000	–	37,500	–	0.48%	–
EPC	New	EDGEWELL PERS CARE CO	$2,751,000	–	88,300	–	0.48%	–
IVZ	New	INVESCO LTD	$2,690,000	–	250,000	–	0.47%	–
AZZ	New	AZZ INC	$2,691,000	–	78,400	–	0.47%	–
MO	New	ALTRIA GROUP INC	$2,642,000	–	67,300	–	0.46%	–
OMC	New	OMNICOM GROUP INC	$2,643,000	–	48,400	–	0.46%	–
BKNG	New	BOOKING HOLDINGS INC	$2,627,000	–	1,650	–	0.46%	–
MBUU	New	MALIBU BOATS INC	$2,598,000	–	50,000	–	0.46%	–
JCOM	New	J2 GLOBAL INC	$2,554,000	–	40,400	–	0.45%	–
MANU	New	MANCHESTER UTD PLC NEWord cl a	$2,551,000	–	161,169	–	0.45%	–
ATKR	New	ATKORE INTL GROUP INC	$2,541,000	–	92,900	–	0.44%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$2,541,000	–	21,000	–	0.44%	–
HBI	New	HANESBRANDS INC	$2,540,000	–	225,000	–	0.44%	–
OSK	New	OSHKOSH CORP	$2,507,000	–	35,000	–	0.44%	–
SWM	New	SCHWEITZER-MAUDUIT INTL INC	$2,479,000	–	74,200	–	0.43%	–
TRIP	New	TRIPADVISOR INC	$2,471,000	–	130,000	–	0.43%	–
GHC	New	GRAHAM HLDGS CO	$2,467,000	–	7,200	–	0.43%	–
CI	New	CIGNA CORP NEW	$2,402,000	–	12,800	–	0.42%	–
BIIB	New	BIOGEN INC	$2,381,000	–	8,900	–	0.42%	–
XRX	New	XEROX HOLDINGS CORP	$2,370,000	–	155,000	–	0.42%	–
MAN	New	MANPOWERGROUP INC	$2,358,000	–	34,300	–	0.41%	–
DISCA	New	DISCOVERY INC	$2,321,000	–	110,000	–	0.41%	–
VIAC	New	VIACOMCBS INCcl b	$2,227,000	–	95,512	–	0.39%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,159,000	–	38,000	–	0.38%	–
CVI	New	CVR ENERGY INC	$2,132,000	–	106,000	–	0.37%	–
CAH	New	CARDINAL HEALTH INC	$2,088,000	–	40,000	–	0.36%	–
JLL	New	JONES LANG LASALLE INC	$1,883,000	–	18,200	–	0.33%	–
DXC	New	DXC TECHNOLOGY CO	$1,581,000	–	95,800	–	0.28%	–
MTSC	New	MTS SYS CORP	$1,550,000	–	88,100	–	0.27%	–
MDT	New	MEDTRONIC PLC	$1,376,000	–	15,000	–	0.24%	–
DVD	New	DOVER MOTORSPORTS INC	$1,085,000	–	700,000	–	0.19%	–
DISCK	New	DISCOVERY INC	$836,000	–	43,394	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON	$804,000	–	5,715	–	0.14%	–
PG	New	PROCTER AND GAMBLE CO	$653,000	–	5,460	–	0.11%	–

Q4 2019

			Value		Shares		↓ Weighting
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,263	–	-0.05%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,720	–	-0.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,967	–	-0.13%	–
CRCM	Exit	CARE COM INC	$0	–	-83,387	–	-0.14%	–
INTC	Exit	INTEL CORP	$0	–	-19,275	–	-0.16%	–
DISCK	Exit	DISCOVERY INC	$0	–	-43,394	–	-0.18%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-26,000	–	-0.27%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-880,000	–	-0.29%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-59,000	–	-0.29%	–
MANU	Exit	MANCHESTER UTD PLC NEWord cl a	$0	–	-110,450	–	-0.30%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-88,000	–	-0.31%	–
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-123,000	–	-0.33%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-58,000	–	-0.40%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-48,000	–	-0.41%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-200,000	–	-0.41%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-23,650	–	-0.42%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-37,500	–	-0.42%	–
XPER	Exit	XPERI CORP	$0	–	-128,000	–	-0.44%	–
LB	Exit	L BRANDS INC	$0	–	-140,000	–	-0.45%	–
MCFT	Exit	MASTERCRAFT BOAT HLDGS INC	$0	–	-187,000	–	-0.46%	–
HSII	Exit	HEIDRICK & STRUGGLES INTL IN	$0	–	-103,000	–	-0.46%	–
FL	Exit	FOOT LOCKER INC	$0	–	-67,000	–	-0.48%	–
LEA	Exit	LEAR CORP	$0	–	-25,000	–	-0.49%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-46,600	–	-0.49%	–
KFY	Exit	KORN FERRY	$0	–	-76,600	–	-0.49%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-62,700	–	-0.49%	–
TBI	Exit	TRUEBLUE INC	$0	–	-143,000	–	-0.50%	–
RGP	Exit	RESOURCES CONNECTION INC	$0	–	-178,500	–	-0.50%	–
NUE	Exit	NUCOR CORP	$0	–	-60,000	–	-0.50%	–
MTOR	Exit	MERITOR INC	$0	–	-167,000	–	-0.51%	–
ARCH	Exit	ARCH COAL INCcl a	$0	–	-42,000	–	-0.51%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-130,000	–	-0.52%	–
MD	Exit	MEDNAX INC	$0	–	-138,400	–	-0.52%	–
EBF	Exit	ENNIS INC	$0	–	-155,000	–	-0.52%	–
BIIB	Exit	BIOGEN INC	$0	–	-13,500	–	-0.52%	–
HRB	Exit	BLOCK H & R INC	$0	–	-134,000	–	-0.52%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-64,700	–	-0.52%	–
STLD	Exit	STEEL DYNAMICS INC	$0	–	-107,000	–	-0.53%	–
MSM	Exit	MSC INDL DIRECT INCcl a	$0	–	-44,500	–	-0.53%	–
HPQ	Exit	HP INC	$0	–	-171,000	–	-0.53%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-116,000	–	-0.54%	–
DLX	Exit	DELUXE CORP	$0	–	-66,700	–	-0.54%	–
NTAP	Exit	NETAPP INC	$0	–	-64,600	–	-0.56%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-42,300	–	-0.57%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-44,600	–	-0.58%	–
AMWD	Exit	AMERICAN WOODMARK CORPORATIO	$0	–	-39,500	–	-0.58%	–
BBY	Exit	BEST BUY INC	$0	–	-51,300	–	-0.58%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-42,300	–	-0.59%	–
AMGN	Exit	AMGEN INC	$0	–	-18,500	–	-0.59%	–
ABBV	Exit	ABBVIE INC	$0	–	-48,000	–	-0.60%	–
MMI	Exit	MARCUS & MILLICHAP INC	$0	–	-103,000	–	-0.60%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-40,400	–	-0.60%	–
MCK	Exit	MCKESSON CORP	$0	–	-27,000	–	-0.61%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-79,000	–	-0.61%	–
SNA	Exit	SNAP ON INC	$0	–	-24,000	–	-0.62%	–
TECD	Exit	TECH DATA CORP	$0	–	-36,000	–	-0.62%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-88,000	–	-0.62%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-5,900	–	-0.64%	–
PATK	Exit	PATRICK INDS INC	$0	–	-92,000	–	-0.65%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-78,405	–	-0.65%	–
WGO	Exit	WINNEBAGO INDS INC	$0	–	-106,500	–	-0.67%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-31,000	–	-0.69%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-78,000	–	-0.69%	–
EME	Exit	EMCOR GROUP INC	$0	–	-48,700	–	-0.69%	–
WU	Exit	WESTERN UN CO	$0	–	-188,100	–	-0.72%	–
GNTX	Exit	GENTEX CORP	$0	–	-162,100	–	-0.74%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-21,000	–	-0.80%	–
GIS	Exit	GENERAL MLS INC	$0	–	-90,000	–	-0.82%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-100,000	–	-0.82%	–
WYND	Exit	WYNDHAM DESTINATIONS INC	$0	–	-123,000	–	-0.93%	–
CI	Exit	CIGNA CORP NEW	$0	–	-40,000	–	-1.00%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-3,600	–	-1.16%	–
AGN	Exit	ALLERGAN PLC	$0	–	-43,000	–	-1.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-69,000	–	-1.58%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-235,000	–	-1.65%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-90,500	–	-1.76%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-53,585	–	-1.83%	–
PFE	Exit	PFIZER INC	$0	–	-311,100	–	-1.84%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-1.92%	–
AAPL	Exit	APPLE INC	$0	–	-65,450	–	-2.42%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-101,986	–	-2.44%	–
DISCA	Exit	DISCOVERY INC	$0	–	-610,000	–	-2.68%	–
T	Exit	AT&T INC	$0	–	-521,755	–	-3.25%	–
CTVA	Exit	CORTEVA INC	$0	–	-750,000	–	-3.46%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-325,000	–	-3.82%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-420,000	–	-3.99%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-1,973,802	–	-4.21%	–
WRK	Exit	WESTROCK CO	$0	–	-835,549	–	-5.02%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-26,000	–	-5.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-698,038	–	-6.94%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-237,695	–	-6.98%	–

Q3 2019

			Value		Shares		↓ Weighting
FB	Sell	FACEBOOK INCcl a	$42,329,000	-13.2%	237,695	-5.9%	6.98%	-10.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$42,134,000	+10.4%	698,038	+4.5%	6.94%	+13.8%
WRK	Buy	WESTROCK CO	$30,456,000	+6.5%	835,549	+6.5%	5.02%	+9.8%
FCAU	Sell	FIAT CHRYSLER AUTOMOBILES N	$25,561,000	-15.9%	1,973,802	-10.2%	4.21%	-13.3%
DAL	Sell	DELTA AIR LINES INC DEL	$24,192,000	-2.0%	420,000	-3.4%	3.99%	+1.0%
DD	Buy	DUPONT DE NEMOURS INC	$23,176,000	+23.5%	325,000	+30.0%	3.82%	+27.3%
CTVA	Buy	CORTEVA INC	$21,000,000	+1.5%	750,000	+7.1%	3.46%	+4.6%
T	Sell	AT&T INC	$19,743,000	+12.7%	521,755	-0.2%	3.25%	+16.2%
DISCA	Buy	DISCOVERY INC	$16,244,000	+381.0%	610,000	+454.5%	2.68%	+395.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$14,831,000	+4.9%	101,986	-0.5%	2.44%	+8.1%
PFE	Sell	PFIZER INC	$11,178,000	-20.4%	311,100	-4.0%	1.84%	-18.0%
GS	Sell	GOLDMAN SACHS GROUP INC	$11,104,000	+1.0%	53,585	-0.2%	1.83%	+4.2%
JPM	Sell	JPMORGAN CHASE & CO	$10,651,000	-9.7%	90,500	-14.2%	1.76%	-6.9%
MSFT	Sell	MICROSOFT CORP	$9,593,000	-40.7%	69,000	-42.9%	1.58%	-38.9%
CI	Buy	CIGNA CORP NEW	$6,072,000	+10.1%	40,000	+14.3%	1.00%	+13.5%
WYND	Sell	WYNDHAM DESTINATIONS INC	$5,660,000	-2.3%	123,000	-6.8%	0.93%	+0.6%
WFC	Sell	WELLS FARGO CO NEW	$3,955,000	-83.3%	78,405	-84.3%	0.65%	-82.8%
NTAP	New	NETAPP INC	$3,392,000	–	64,600	–	0.56%	–
MSM	New	MSC INDL DIRECT INCcl a	$3,228,000	–	44,500	–	0.53%	–
STLD	Buy	STEEL DYNAMICS INC	$3,189,000	+8.9%	107,000	+10.3%	0.53%	+12.4%
MD	New	MEDNAX INC	$3,131,000	–	138,400	–	0.52%	–
KFY	New	KORN FERRY	$2,960,000	–	76,600	–	0.49%	–
GILD	New	GILEAD SCIENCES INC	$2,954,000	–	46,600	–	0.49%	–
HSII	Buy	HEIDRICK & STRUGGLES INTL IN	$2,812,000	+5.4%	103,000	+15.7%	0.46%	+8.7%
MCFT	Buy	MASTERCRAFT BOAT HLDGS INC	$2,791,000	-3.7%	187,000	+26.4%	0.46%	-0.9%
XPER	New	XPERI CORP	$2,647,000	–	128,000	–	0.44%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$2,475,000	–	48,000	–	0.41%	–
DXC	Buy	DXC TECHNOLOGY CO	$1,741,000	-40.4%	59,000	+11.3%	0.29%	-38.5%
DVD	Sell	DOVER MOTORSPORTS INC	$1,742,000	-15.7%	880,000	-11.4%	0.29%	-13.0%
CVS	Sell	CVS HEALTH CORP	$1,640,000	-14.0%	26,000	-25.7%	0.27%	-11.5%
INTC	Sell	INTEL CORP	$993,000	+1.0%	19,275	-6.1%	0.16%	+4.5%
CRCM	Sell	CARE COM INC	$871,000	-40.1%	83,387	-37.0%	0.14%	-37.9%
JNJ	Sell	JOHNSON & JOHNSON	$772,000	-7.8%	5,967	-0.7%	0.13%	-5.2%
TGT	Exit	TARGET CORP	$0	–	-27,000	–	-0.37%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-34,000	–	-0.42%	–
ACCO	Exit	ACCO BRANDS CORP	$0	–	-375,000	–	-0.47%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-23,000	–	-0.52%	–
KRO	Exit	KRONOS WORLDWIDE INC	$0	–	-232,000	–	-0.57%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-75,000	–	-0.57%	–
XRX	Exit	XEROX CORP	$0	–	-155,000	–	-0.88%	–

Q2 2019

			Value		Shares		↓ Weighting
FB	New	FACEBOOK INCcl a	$48,770,000	–	252,695	–	7.80%	–
VZ	New	VERIZON COMMUNICATIONS INC	$38,165,000	–	668,038	–	6.10%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$30,379,000	–	2,198,202	–	4.86%	–
WRK	New	WESTROCK CO	$28,602,000	–	784,249	–	4.57%	–
GOOGL	New	ALPHABET INCcap stk cl a	$28,153,000	–	26,000	–	4.50%	–
DAL	New	DELTA AIR LINES INC DEL	$24,686,000	–	435,000	–	3.95%	–
WFC	New	WELLS FARGO CO NEW	$23,660,000	–	500,000	–	3.78%	–
CTVA	New	CORTEVA INC	$20,699,000	–	700,000	–	3.31%	–
DD	New	DUPONT DE NEMOURS INC	$18,767,000	–	250,000	–	3.00%	–
T	New	AT&T INC	$17,514,000	–	522,655	–	2.80%	–
MSFT	New	MICROSOFT CORP	$16,176,000	–	120,755	–	2.59%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$14,133,000	–	102,486	–	2.26%	–
PFE	New	PFIZER INC	$14,040,000	–	324,100	–	2.24%	–
DDD	New	3-D SYS CORP DEL	$12,980,000	–	1,426,390	–	2.08%	–
AAPL	New	APPLE INC	$12,954,000	–	65,450	–	2.07%	–
JPM	New	JPMORGAN CHASE & CO	$11,795,000	–	105,500	–	1.89%	–
GS	New	GOLDMAN SACHS GROUP INC	$10,990,000	–	53,715	–	1.76%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$9,405,000	–	235,000	–	1.50%	–
AGN	New	ALLERGAN PLC	$7,199,000	–	43,000	–	1.15%	–
BKNG	New	BOOKING HLDGS INC	$6,749,000	–	3,600	–	1.08%	–
WYND	New	WYNDHAM DESTINATIONS INC	$5,795,000	–	132,000	–	0.93%	–
CI	New	CIGNA CORP NEW	$5,514,000	–	35,000	–	0.88%	–
XRX	New	XEROX CORP	$5,489,000	–	155,000	–	0.88%	–
GIS	New	GENERAL MLS INC	$4,727,000	–	90,000	–	0.76%	–
PATK	New	PATRICK INDS INC	$4,525,000	–	92,000	–	0.72%	–
AMAT	New	APPLIED MATLS INC	$4,491,000	–	100,000	–	0.72%	–
EME	New	EMCOR GROUP INC	$4,290,000	–	48,700	–	0.69%	–
AYI	New	ACUITY BRANDS INC	$4,275,000	–	31,000	–	0.68%	–
WGO	New	WINNEBAGO INDS INC	$4,116,000	–	106,500	–	0.66%	–
MAN	New	MANPOWERGROUP INC	$4,086,000	–	42,300	–	0.65%	–
GHC	New	GRAHAM HLDGS CO	$4,071,000	–	5,900	–	0.65%	–
MTOR	New	MERITOR INC	$4,050,000	–	167,000	–	0.65%	–
GNTX	New	GENTEX CORP	$3,989,000	–	162,100	–	0.64%	–
SNA	New	SNAP ON INC	$3,975,000	–	24,000	–	0.64%	–
ARCH	New	ARCH COAL INCcl a	$3,957,000	–	42,000	–	0.63%	–
LRCX	New	LAM RESEARCH CORP	$3,945,000	–	21,000	–	0.63%	–
HRB	New	BLOCK H & R INC	$3,926,000	–	134,000	–	0.63%	–
VIAB	New	VIACOM INC NEWcl b	$3,883,000	–	130,000	–	0.62%	–
TECD	New	TECH DATA CORP	$3,766,000	–	36,000	–	0.60%	–
WU	New	WESTERN UN CO	$3,741,000	–	188,100	–	0.60%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$3,662,000	–	79,000	–	0.59%	–
LB	New	L BRANDS INC	$3,654,000	–	140,000	–	0.58%	–
OMC	New	OMNICOM GROUP INC	$3,655,000	–	44,600	–	0.58%	–
MCK	New	MCKESSON CORP	$3,629,000	–	27,000	–	0.58%	–
HFC	New	HOLLYFRONTIER CORP	$3,610,000	–	78,000	–	0.58%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,606,000	–	42,300	–	0.58%	–
JCOM	New	J2 GLOBAL INC	$3,591,000	–	40,400	–	0.57%	–
BBY	New	BEST BUY INC	$3,577,000	–	51,300	–	0.57%	–
WDC	New	WESTERN DIGITAL CORP	$3,566,000	–	75,000	–	0.57%	–
HPQ	New	HP INC	$3,555,000	–	171,000	–	0.57%	–
KRO	New	KRONOS WORLDWIDE INC	$3,554,000	–	232,000	–	0.57%	–
AMCX	New	AMC NETWORKS INCcl a	$3,526,000	–	64,700	–	0.56%	–
ABBV	New	ABBVIE INC	$3,491,000	–	48,000	–	0.56%	–
LEA	New	LEAR CORP	$3,482,000	–	25,000	–	0.56%	–
AMGN	New	AMGEN INC	$3,409,000	–	18,500	–	0.54%	–
MU	New	MICRON TECHNOLOGY INC	$3,396,000	–	88,000	–	0.54%	–
DISCA	New	DISCOVERY INC	$3,377,000	–	110,000	–	0.54%	–
AMWD	New	AMERICAN WOODMARK CORPORATIO	$3,342,000	–	39,500	–	0.53%	–
NUE	New	NUCOR CORP	$3,306,000	–	60,000	–	0.53%	–
JLL	New	JONES LANG LASALLE INC	$3,236,000	–	23,000	–	0.52%	–
EBF	New	ENNIS INC	$3,181,000	–	155,000	–	0.51%	–
MMI	New	MARCUS & MILLICHAP INC	$3,178,000	–	103,000	–	0.51%	–
RGR	New	STURM RUGER & CO INC	$3,160,000	–	58,000	–	0.50%	–
BIIB	New	BIOGEN INC	$3,157,000	–	13,500	–	0.50%	–
TBI	New	TRUEBLUE INC	$3,155,000	–	143,000	–	0.50%	–
USNA	New	USANA HEALTH SCIENCES INC	$2,979,000	–	37,500	–	0.48%	–
ACCO	New	ACCO BRANDS CORP	$2,951,000	–	375,000	–	0.47%	–
CAH	New	CARDINAL HEALTH INC	$2,953,000	–	62,700	–	0.47%	–
STLD	New	STEEL DYNAMICS INC	$2,929,000	–	97,000	–	0.47%	–
DXC	New	DXC TECHNOLOGY CO	$2,923,000	–	53,000	–	0.47%	–
MCFT	New	MASTERCRAFT BOAT HLDGS INC	$2,899,000	–	148,000	–	0.46%	–
RGP	New	RESOURCES CONNECTION INC	$2,858,000	–	178,500	–	0.46%	–
FL	New	FOOT LOCKER INC	$2,809,000	–	67,000	–	0.45%	–
DLX	New	DELUXE CORP	$2,712,000	–	66,700	–	0.43%	–
HSII	New	HEIDRICK & STRUGGLES INTL IN	$2,667,000	–	89,000	–	0.43%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$2,654,000	–	34,000	–	0.42%	–
URBN	New	URBAN OUTFITTERS INC	$2,639,000	–	116,000	–	0.42%	–
MSGN	New	MSG NETWORK INCcl a	$2,551,000	–	123,000	–	0.41%	–
LUMN	New	CENTURYLINK INC	$2,352,000	–	200,000	–	0.38%	–
TGT	New	TARGET CORP	$2,338,000	–	27,000	–	0.37%	–
MDT	New	MEDTRONIC PLC	$2,303,000	–	23,650	–	0.37%	–
DVD	New	DOVER MOTORSPORTS INC	$2,066,000	–	993,175	–	0.33%	–
MANU	New	MANCHESTER UTD PLC NEWord cl a	$1,997,000	–	110,450	–	0.32%	–
IPG	New	INTERPUBLIC GROUP COS INC	$1,988,000	–	88,000	–	0.32%	–
CVS	New	CVS HEALTH CORP	$1,907,000	–	35,000	–	0.30%	–
CRCM	New	CARE COM INC	$1,454,000	–	132,387	–	0.23%	–
DISCK	New	DISCOVERY INC	$1,235,000	–	43,394	–	0.20%	–
INTC	New	INTEL CORP	$983,000	–	20,537	–	0.16%	–
JNJ	New	JOHNSON & JOHNSON	$837,000	–	6,007	–	0.13%	–
PG	New	PROCTER AND GAMBLE CO	$627,000	–	5,720	–	0.10%	–
XOM	New	EXXON MOBIL CORP	$327,000	–	4,263	–	0.05%	–

Q4 2018

			Value		Shares		↓ Weighting
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,263	–	-0.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,720	–	-0.07%	–
INTC	Exit	INTEL CORP	$0	–	-20,937	–	-0.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,526	–	-0.16%	–
HSII	Exit	HEIDRICK & STRUGGLES INTL IN	$0	–	-39,000	–	-0.20%	–
WH	Exit	WYNDHAM HOTELS & RESORTS INC	$0	–	-30,000	–	-0.25%	–
MANU	Exit	MANCHESTER UTD PLC NEWord cl a	$0	–	-87,498	–	-0.30%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-1,015,000	–	-0.33%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-23,650	–	-0.35%	–
TGT	Exit	TARGET CORP	$0	–	-27,000	–	-0.36%	–
SJM	Exit	SMUCKER J M CO	$0	–	-26,000	–	-0.40%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-60,000	–	-0.42%	–
MIK	Exit	MICHAELS COS INC	$0	–	-173,000	–	-0.42%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-86,000	–	-0.43%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-94,800	–	-0.43%	–
AEIS	Exit	ADVANCED ENERGY INDS	$0	–	-57,000	–	-0.44%	–
GIS	Exit	GENERAL MLS INC	$0	–	-70,000	–	-0.45%	–
THO	Exit	THOR INDS INC	$0	–	-36,000	–	-0.45%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-53,200	–	-0.47%	–
MD	Exit	MEDNAX INC	$0	–	-67,300	–	-0.47%	–
MKSI	Exit	MKS INSTRUMENT INC	$0	–	-39,300	–	-0.47%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-1,005,000	–	-0.48%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-37,500	–	-0.48%	–
MTOR	Exit	MERITOR INC	$0	–	-167,000	–	-0.48%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-165,000	–	-0.50%	–
SP	Exit	SP PLUS CORP	$0	–	-91,000	–	-0.50%	–
ZAGG	Exit	ZAGG INC	$0	–	-225,500	–	-0.50%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-184,500	–	-0.50%	–
COHR	Exit	COHERENT INC	$0	–	-19,600	–	-0.51%	–
ACCO	Exit	ACCO BRANDS CORP	$0	–	-299,000	–	-0.51%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-87,600	–	-0.51%	–
WU	Exit	WESTERN UN CO	$0	–	-178,100	–	-0.51%	–
WGO	Exit	WINNEBAGO INDS INC	$0	–	-102,500	–	-0.51%	–
DLX	Exit	DELUXE CORP	$0	–	-59,900	–	-0.51%	–
HRB	Exit	BLOCK H & R INC	$0	–	-134,000	–	-0.52%	–
GNTX	Exit	GENTEX CORP	$0	–	-162,100	–	-0.52%	–
CVG	Exit	CONVERGYS CORP	$0	–	-148,000	–	-0.53%	–
DISCA	Exit	DISCOVERY INC	$0	–	-110,000	–	-0.53%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-135,800	–	-0.53%	–
EME	Exit	EMCOR GROUP INC	$0	–	-48,700	–	-0.55%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-6,400	–	-0.56%	–
CHS	Exit	CHICOS FAS INC	$0	–	-428,000	–	-0.56%	–
TBI	Exit	TRUEBLUE INC	$0	–	-143,000	–	-0.56%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-165,000	–	-0.57%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-49,550	–	-0.57%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-128,000	–	-0.58%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-41,200	–	-0.58%	–
EGRX	Exit	EAGLE PHARMACEUTICALS INC	$0	–	-56,278	–	-0.58%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-42,300	–	-0.58%	–
FL	Exit	FOOT LOCKER INC	$0	–	-77,000	–	-0.59%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-47,400	–	-0.59%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-65,300	–	-0.59%	–
EGOV	Exit	NIC INC	$0	–	-267,000	–	-0.59%	–
TUSK	Exit	MAMMOTH ENERGY SVCS INC	$0	–	-136,000	–	-0.59%	–
AGX	Exit	ARGAN INC	$0	–	-92,500	–	-0.60%	–
EAT	Exit	BRINKER INTL INC	$0	–	-85,300	–	-0.60%	–
BBY	Exit	BEST BUY INC	$0	–	-51,300	–	-0.61%	–
DISCK	Exit	DISCOVERY INC	$0	–	-138,394	–	-0.61%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-64,700	–	-0.64%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-34,000	–	-0.65%	–
NTRI	Exit	NUTRI SYS INC NEW	$0	–	-118,000	–	-0.66%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-130,000	–	-0.66%	–
HPQ	Exit	HP INC	$0	–	-171,000	–	-0.66%	–
SNA	Exit	SNAP ON INC	$0	–	-24,000	–	-0.66%	–
BOJA	Exit	BOJANGLES INC	$0	–	-281,000	–	-0.66%	–
MMI	Exit	MARCUS & MILLICHAP INC	$0	–	-129,000	–	-0.67%	–
BIIB	Exit	BIOGEN INC	$0	–	-13,500	–	-0.72%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-31,000	–	-0.73%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-96,000	–	-0.75%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-53,000	–	-0.76%	–
WPP	Exit	WPP PLC NEWadr	$0	–	-72,000	–	-0.79%	–
WYND	Exit	WYNDHAM DESTINATIONS INC	$0	–	-125,000	–	-0.81%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-102,700	–	-0.83%	–
HBI	Exit	HANESBRANDS INC	$0	–	-375,000	–	-1.04%	–
CI	Exit	CIGNA CORPORATION	$0	–	-35,000	–	-1.09%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-111,600	–	-1.14%	–
AAPL	Exit	APPLE INC	$0	–	-34,400	–	-1.16%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-83,500	–	-1.41%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-60,000	–	-1.48%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-119,340	–	-2.05%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-13,000	–	-2.35%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-400,000	–	-2.41%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-1,506,000	–	-2.55%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-325,000	–	-2.56%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-1,000,000	–	-2.63%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-135,666	–	-3.08%	–
OI	Exit	OWENS ILL INC	$0	–	-1,177,500	–	-3.32%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-1,125,000	–	-3.58%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-4.04%	–
AGN	Exit	ALLERGAN PLC	$0	–	-146,500	–	-4.19%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-434,461	–	-5.13%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-652,920	–	-5.23%	–
PFE	Exit	PFIZER INC	$0	–	-818,175	–	-5.41%	–
T	Exit	AT&T INC	$0	–	-1,236,789	–	-6.23%	–

Q3 2018

			Value		Shares		↓ Weighting
T	Sell	AT&T INC	$41,531,000	+1.5%	1,236,789	-3.0%	6.23%	+1.9%
PFE	Sell	PFIZER INC	$36,057,000	-16.6%	818,175	-31.3%	5.41%	-16.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$34,859,000	+0.6%	652,920	-5.2%	5.23%	+1.0%
CVS	Sell	CVS HEALTH CORP	$34,201,000	+16.8%	434,461	-4.5%	5.13%	+17.4%
AGN	Sell	ALLERGAN PLC	$27,905,000	-1.0%	146,500	-13.3%	4.19%	-0.5%
LUMN	Sell	CENTURYLINK INC	$23,850,000	-1.6%	1,125,000	-13.5%	3.58%	-1.2%
OI	Sell	OWENS ILL INC	$22,125,000	+1.2%	1,177,500	-9.4%	3.32%	+1.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$20,514,000	+8.2%	135,666	-0.0%	3.08%	+8.7%
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$17,510,000	–	1,000,000	–	2.63%	–
WFC	Buy	WELLS FARGO CO NEW	$17,082,000	+86.7%	325,000	+97.0%	2.56%	+87.5%
GE	New	GENERAL ELECTRIC CO	$17,003,000	–	1,506,000	–	2.55%	–
GSK	Sell	GLAXOSMITHKLINE PLCsponsored adr	$16,068,000	-11.4%	400,000	-11.1%	2.41%	-11.0%
FB	Buy	FACEBOOK INCcl a	$9,868,000	+103.1%	60,000	+140.0%	1.48%	+104.0%
AAPL	Sell	APPLE INC	$7,765,000	-23.0%	34,400	-36.9%	1.16%	-22.6%
OMC	Sell	OMNICOM GROUP INC	$7,591,000	-71.0%	111,600	-67.5%	1.14%	-70.9%
HBI	Sell	HANESBRANDS INC	$6,911,000	-67.5%	375,000	-61.1%	1.04%	-67.3%
CAH	Sell	CARDINAL HEALTH INC	$5,546,000	-15.7%	102,700	-23.8%	0.83%	-15.3%
WYND	Buy	WYNDHAM DESTINATIONS INC	$5,420,000	+16.6%	125,000	+19.0%	0.81%	+17.1%
WPP	Sell	WPP PLC NEWadr	$5,275,000	-74.3%	72,000	-83.7%	0.79%	-74.2%
BOJA	Buy	BOJANGLES INC	$4,412,000	+12.2%	281,000	+2.9%	0.66%	+12.8%
VIAB	New	VIACOM INC NEWcl b	$4,389,000	–	130,000	–	0.66%	–
UTHR	Buy	UNITED THERAPEUTICS CORP DEL	$4,348,000	+16.4%	34,000	+3.0%	0.65%	+16.8%
AMCX	Buy	AMC NETWORKS INCcl a	$4,292,000	+9.7%	64,700	+2.9%	0.64%	+10.3%
DISCK	Sell	DISCOVERY INC	$4,094,000	+6.5%	138,394	-8.2%	0.61%	+7.0%
BBY	Buy	BEST BUY INC	$4,071,000	+9.6%	51,300	+3.0%	0.61%	+10.1%
EAT	Buy	BRINKER INTL INC	$3,986,000	+0.5%	85,300	+2.4%	0.60%	+1.0%
AGX	Buy	ARGAN INC	$3,978,000	+8.3%	92,500	+3.1%	0.60%	+8.7%
TUSK	New	MAMMOTH ENERGY SVCS INC	$3,958,000	–	136,000	–	0.59%	–
MO	Buy	ALTRIA GROUP INC	$3,938,000	+9.5%	65,300	+3.2%	0.59%	+10.1%
JCOM	Buy	J2 GLOBAL INC	$3,927,000	-1.4%	47,400	+3.0%	0.59%	-1.0%
FL	Sell	FOOT LOCKER INC	$3,925,000	-12.2%	77,000	-9.3%	0.59%	-11.8%
ABC	Buy	AMERISOURCEBERGEN CORP	$3,901,000	+11.6%	42,300	+3.2%	0.58%	+12.1%
DXC	New	DXC TECHNOLOGY CO	$3,853,000	–	41,200	–	0.58%	–
JNPR	Sell	JUNIPER NETWORKS INC	$3,836,000	-11.2%	128,000	-18.8%	0.58%	-10.7%
GILD	Buy	GILEAD SCIENCES INC	$3,826,000	+12.4%	49,550	+3.1%	0.57%	+13.0%
IPG	Buy	INTERPUBLIC GROUP COS INC	$3,774,000	+0.6%	165,000	+3.1%	0.57%	+1.1%
CHS	Buy	CHICOS FAS INC	$3,711,000	+9.9%	428,000	+3.1%	0.56%	+10.3%
GHC	Buy	GRAHAM HLDGS CO	$3,708,000	+15.0%	6,400	+16.4%	0.56%	+15.4%
EME	Buy	EMCOR GROUP INC	$3,658,000	+1.7%	48,700	+3.2%	0.55%	+2.2%
ARRS	Buy	ARRIS INTL INC	$3,529,000	+9.5%	135,800	+3.0%	0.53%	+10.0%
CVG	Buy	CONVERGYS CORP	$3,514,000	+0.5%	148,000	+3.5%	0.53%	+1.0%
GNTX	Buy	GENTEX CORP	$3,479,000	-4.1%	162,100	+2.9%	0.52%	-3.7%
HRB	Buy	BLOCK H & R INC	$3,451,000	+16.5%	134,000	+3.1%	0.52%	+17.2%
DLX	Buy	DELUXE CORP	$3,411,000	-0.7%	59,900	+15.4%	0.51%	-0.2%
WGO	Buy	WINNEBAGO INDS INC	$3,398,000	-15.9%	102,500	+3.0%	0.51%	-15.6%
WU	Buy	WESTERN UN CO	$3,395,000	-3.0%	178,100	+3.5%	0.51%	-2.7%
ACCO	Buy	ACCO BRANDS CORP	$3,379,000	-15.9%	299,000	+3.1%	0.51%	-15.5%
CRUS	Buy	CIRRUS LOGIC INC	$3,381,000	+3.8%	87,600	+3.1%	0.51%	+4.1%
COHR	New	COHERENT INC	$3,375,000	–	19,600	–	0.51%	–
PPC	Buy	PILGRIMS PRIDE CORP NEW	$3,338,000	-0.4%	184,500	+10.8%	0.50%	0.0%
ZAGG	Buy	ZAGG INC	$3,326,000	+36.0%	225,500	+59.6%	0.50%	+36.7%
SP	Buy	SP PLUS CORP	$3,322,000	+8.9%	91,000	+11.0%	0.50%	+9.2%
AMAG	Sell	AMAG PHARMACEUTICALS INC	$3,300,000	-30.9%	165,000	-32.7%	0.50%	-30.7%
MTOR	New	MERITOR INC	$3,233,000	–	167,000	–	0.48%	–
MAN	Buy	MANPOWERGROUP INC	$3,224,000	+3.5%	37,500	+3.6%	0.48%	+4.1%
ODP	New	OFFICE DEPOT INC	$3,226,000	–	1,005,000	–	0.48%	–
MKSI	New	MKS INSTRUMENT INC	$3,150,000	–	39,300	–	0.47%	–
MD	Buy	MEDNAX INC	$3,140,000	+11.9%	67,300	+3.9%	0.47%	+12.4%
WDC	Buy	WESTERN DIGITAL CORP	$3,114,000	-2.4%	53,200	+29.1%	0.47%	-1.9%
THO	Buy	THOR INDS INC	$3,013,000	-11.6%	36,000	+2.9%	0.45%	-11.2%
AEIS	Buy	ADVANCED ENERGY INDS	$2,944,000	-7.9%	57,000	+3.6%	0.44%	-7.3%
SJM	Sell	SMUCKER J M CO	$2,668,000	-70.6%	26,000	-69.2%	0.40%	-70.5%
WH	New	WYNDHAM HOTELS & RESORTS INC	$1,667,000	–	30,000	–	0.25%	–
PG	Sell	PROCTER AND GAMBLE CO	$476,000	-69.1%	5,720	-71.0%	0.07%	-69.1%
SBH	Exit	SALLY BEAUTY HLDGS INC	$0	–	-170,000	–	-0.41%	–
LB	Exit	L BRANDS INC	$0	–	-86,000	–	-0.47%	–
CA	Exit	CA INC	$0	–	-102,550	–	-0.55%	–
SYNT	Exit	SYNTEL INC	$0	–	-119,000	–	-0.57%	–
NLS	Exit	NAUTILUS INC	$0	–	-266,000	–	-0.62%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-85,600	–	-0.75%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-200,000	–	-1.79%	–

Q2 2018

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC	$43,220,000	–	1,191,275	–	6.46%	–
T	New	AT&T INC	$40,921,000	–	1,274,395	–	6.11%	–
VZ	New	VERIZON COMMUNICATIONS INC	$34,662,000	–	688,973	–	5.18%	–
CVS	New	CVS HEALTH CORP	$29,277,000	–	454,961	–	4.37%	–
AGN	New	ALLERGAN PLC	$28,176,000	–	169,000	–	4.21%	–
OMC	New	OMNICOM GROUP INC	$26,168,000	–	343,100	–	3.91%	–
LUMN	New	CENTURYLINK INC	$24,232,000	–	1,300,000	–	3.62%	–
OI	New	OWENS ILL INC	$21,853,000	–	1,300,000	–	3.26%	–
HBI	New	HANESBRANDS INC	$21,249,000	–	965,000	–	3.17%	–
WPP	New	WPP PLC NEWadr	$20,486,000	–	443,000	–	3.06%	–
DDD	New	3-D SYS CORP DEL	$19,698,000	–	1,426,390	–	2.94%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$18,954,000	–	135,676	–	2.83%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$18,140,000	–	450,000	–	2.71%	–
GOOGL	New	ALPHABET INCcap stk cl a	$14,679,000	–	13,000	–	2.19%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$12,003,000	–	200,000	–	1.79%	–
MSFT	New	MICROSOFT CORP	$11,768,000	–	119,340	–	1.76%	–
AAPL	New	APPLE INC	$10,084,000	–	54,475	–	1.51%	–
WFC	New	WELLS FARGO CO NEW	$9,148,000	–	165,000	–	1.37%	–
SJM	New	SMUCKER J M CO	$9,072,000	–	84,410	–	1.36%	–
JPM	New	JPMORGAN CHASE & CO	$8,701,000	–	83,500	–	1.30%	–
CAH	New	CARDINAL HEALTH INC	$6,577,000	–	134,700	–	0.98%	–
CI	New	CIGNA CORPORATION	$5,948,000	–	35,000	–	0.89%	–
MMI	New	MARCUS & MILLICHAP INC	$5,032,000	–	129,000	–	0.75%	–
AMN	New	AMN HEALTHCARE SERVICES INC	$5,016,000	–	85,600	–	0.75%	–
FB	New	FACEBOOK INCcl a	$4,858,000	–	25,000	–	0.73%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$4,778,000	–	245,000	–	0.71%	–
WYND	New	WYNDHAM DESTINATIONS INC	$4,648,000	–	105,000	–	0.69%	–
NTRI	New	NUTRI SYS INC NEW	$4,543,000	–	118,000	–	0.68%	–
FL	New	FOOT LOCKER INC	$4,470,000	–	84,900	–	0.67%	–
JNPR	New	JUNIPER NETWORKS INC	$4,321,000	–	157,600	–	0.64%	–
EGRX	New	EAGLE PHARMACEUTICALS INC	$4,258,000	–	56,278	–	0.64%	–
NLS	New	NAUTILUS INC	$4,176,000	–	266,000	–	0.62%	–
EGOV	New	NIC INC	$4,152,000	–	267,000	–	0.62%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$4,092,000	–	53,000	–	0.61%	–
WGO	New	WINNEBAGO INDS INC	$4,040,000	–	99,500	–	0.60%	–
ACCO	New	ACCO BRANDS CORP	$4,017,000	–	290,000	–	0.60%	–
JCOM	New	J2 GLOBAL INC	$3,984,000	–	46,000	–	0.60%	–
EAT	New	BRINKER INTL INC	$3,965,000	–	83,300	–	0.59%	–
BOJA	New	BOJANGLES INC	$3,931,000	–	273,000	–	0.59%	–
BIIB	New	BIOGEN INC	$3,918,000	–	13,500	–	0.58%	–
AMCX	New	AMC NETWORKS INCcl a	$3,912,000	–	62,900	–	0.58%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$3,887,000	–	96,000	–	0.58%	–
HPQ	New	HP INC	$3,880,000	–	171,000	–	0.58%	–
SNA	New	SNAP ON INC	$3,857,000	–	24,000	–	0.58%	–
TBI	New	TRUEBLUE INC	$3,854,000	–	143,000	–	0.58%	–
DISCK	New	DISCOVERY INC	$3,845,000	–	150,794	–	0.57%	–
SYNT	New	SYNTEL INC	$3,819,000	–	119,000	–	0.57%	–
IPG	New	INTERPUBLIC GROUP COS INC	$3,750,000	–	160,000	–	0.56%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$3,734,000	–	33,000	–	0.56%	–
BBY	New	BEST BUY INC	$3,714,000	–	49,800	–	0.56%	–
AGX	New	ARGAN INC	$3,673,000	–	89,700	–	0.55%	–
CA	New	CA INC	$3,656,000	–	102,550	–	0.55%	–
GNTX	New	GENTEX CORP	$3,628,000	–	157,600	–	0.54%	–
EME	New	EMCOR GROUP INC	$3,596,000	–	47,200	–	0.54%	–
AYI	New	ACUITY BRANDS INC	$3,592,000	–	31,000	–	0.54%	–
MO	New	ALTRIA GROUP INC	$3,595,000	–	63,300	–	0.54%	–
TUP	New	TUPPERWARE BRANDS CORP	$3,547,000	–	86,000	–	0.53%	–
WU	New	WESTERN UN CO	$3,499,000	–	172,100	–	0.52%	–
CVG	New	CONVERGYS CORP	$3,495,000	–	143,000	–	0.52%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,496,000	–	41,000	–	0.52%	–
DLX	New	DELUXE CORP	$3,436,000	–	51,900	–	0.51%	–
THO	New	THOR INDS INC	$3,409,000	–	35,000	–	0.51%	–
GILD	New	GILEAD SCIENCES INC	$3,404,000	–	48,050	–	0.51%	–
CHS	New	CHICOS FAS INC	$3,378,000	–	415,000	–	0.50%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$3,352,000	–	166,500	–	0.50%	–
MIK	New	MICHAELS COS INC	$3,316,000	–	173,000	–	0.50%	–
CRUS	New	CIRRUS LOGIC INC	$3,258,000	–	85,000	–	0.49%	–
GHC	New	GRAHAM HLDGS CO	$3,224,000	–	5,500	–	0.48%	–
ARRS	New	ARRIS INTL INC	$3,222,000	–	131,800	–	0.48%	–
AEIS	New	ADVANCED ENERGY INDS	$3,195,000	–	55,000	–	0.48%	–
WDC	New	WESTERN DIGITAL CORP	$3,189,000	–	41,200	–	0.48%	–
LB	New	L BRANDS INC	$3,172,000	–	86,000	–	0.47%	–
MAN	New	MANPOWERGROUP INC	$3,115,000	–	36,200	–	0.46%	–
GIS	New	GENERAL MLS INC	$3,098,000	–	70,000	–	0.46%	–
SP	New	SP PLUS CORP	$3,050,000	–	82,000	–	0.46%	–
BEN	New	FRANKLIN RES INC	$3,038,000	–	94,800	–	0.45%	–
DISCA	New	DISCOVERY INC	$3,025,000	–	110,000	–	0.45%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$2,981,000	–	60,000	–	0.44%	–
HRB	New	BLOCK H & R INC	$2,961,000	–	130,000	–	0.44%	–
MD	New	MEDNAX INC	$2,805,000	–	64,800	–	0.42%	–
SBH	New	SALLY BEAUTY HLDGS INC	$2,725,000	–	170,000	–	0.41%	–
ZAGG	New	ZAGG INC	$2,445,000	–	141,307	–	0.36%	–
DVD	New	DOVER MOTORSPORTS INC	$2,284,000	–	1,015,000	–	0.34%	–
TGT	New	TARGET CORP	$2,055,000	–	27,000	–	0.31%	–
MDT	New	MEDTRONIC PLC	$2,025,000	–	23,650	–	0.30%	–
MANU	New	MANCHESTER UTD PLC NEWord cl a	$1,802,000	–	87,498	–	0.27%	–
PG	New	PROCTER AND GAMBLE CO	$1,540,000	–	19,720	–	0.23%	–
HSII	New	HEIDRICK & STRUGGLES INTL IN	$1,365,000	–	39,000	–	0.20%	–
INTC	New	INTEL CORP	$1,041,000	–	20,937	–	0.16%	–
JNJ	New	JOHNSON & JOHNSON	$913,000	–	7,526	–	0.14%	–
XOM	New	EXXON MOBIL CORP	$353,000	–	4,263	–	0.05%	–

Q4 2017

			Value		Shares		↓ Weighting
RGC	Exit	REGAL ENTMT GROUPcl a	$0	–	-14,050	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,263	–	-0.06%	–
INTC	Exit	INTEL CORP	$0	–	-23,237	–	-0.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,866	–	-0.17%	–
MANU	Exit	MANCHESTER UTD PLC NEWord cl a	$0	–	-87,498	–	-0.26%	–
SP	Exit	SP PLUS CORP	$0	–	-44,000	–	-0.29%	–
LCI	Exit	LANNET INC	$0	–	-95,500	–	-0.29%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-19,720	–	-0.30%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-16,550	–	-0.30%	–
DEPO	Exit	DEPOMED INC	$0	–	-348,000	–	-0.33%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-1,001,029	–	-0.34%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-14,376	–	-0.35%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-93,900	–	-0.37%	–
ETSY	Exit	ETSY INC	$0	–	-151,000	–	-0.42%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-44,200	–	-0.42%	–
TWX	Exit	TIME WARNER INC	$0	–	-27,000	–	-0.46%	–
FTDCQ	Exit	FTD COS INC	$0	–	-211,900	–	-0.46%	–
AOBC	Exit	AMERICAN OUTDOOR BRANDS CORP	$0	–	-181,700	–	-0.46%	–
MD	Exit	MEDNAX INC	$0	–	-64,800	–	-0.46%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-210,300	–	-0.49%	–
FL	Exit	FOOT LOCKER INC	$0	–	-84,900	–	-0.50%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-163,300	–	-0.50%	–
NLS	Exit	NAUTILUS INC	$0	–	-179,000	–	-0.50%	–
RPXC	Exit	RPX CORP	$0	–	-229,000	–	-0.50%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-81,500	–	-0.51%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-150,500	–	-0.52%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-42,400	–	-0.52%	–
SCMP	Exit	SUCAMPO PHARMACEUTICALS INCcl a	$0	–	-272,500	–	-0.53%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-5,500	–	-0.53%	–
QCOM	Exit	QUALCOMM INC	$0	–	-62,500	–	-0.54%	–
VIVO	Exit	MERIDIAN BIOSCIENCE INC	$0	–	-227,000	–	-0.54%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-117,600	–	-0.54%	–
EAT	Exit	BRINKER INTL INC	$0	–	-103,300	–	-0.55%	–
LCUT	Exit	LIFETIME BRANDS INC	$0	–	-179,607	–	-0.55%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-63,700	–	-0.55%	–
WU	Exit	WESTERN UN CO	$0	–	-172,100	–	-0.55%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-74,800	–	-0.55%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-53,000	–	-0.56%	–
AAN	Exit	AARONS INC	$0	–	-77,000	–	-0.56%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-41,000	–	-0.56%	–
HPQ	Exit	HP INC	$0	–	-171,000	–	-0.57%	–
CA	Exit	CA INC	$0	–	-102,550	–	-0.57%	–
NEWM	Exit	NEW MEDIA INVT GROUP INC	$0	–	-233,000	–	-0.57%	–
MCK	Exit	MCKESSON CORP	$0	–	-22,500	–	-0.57%	–
CVG	Exit	CONVERGYS CORP	$0	–	-134,000	–	-0.58%	–
MMI	Exit	MARCUS & MILLICHAP INC	$0	–	-129,000	–	-0.58%	–
CSCO	Exit	CISCO SYS INC	$0	–	-104,300	–	-0.58%	–
BBY	Exit	BEST BUY INC	$0	–	-62,000	–	-0.59%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-41,200	–	-0.59%	–
TBI	Exit	TRUEBLUE INC	$0	–	-161,500	–	-0.60%	–
HSII	Exit	HEIDRICK & STRUGGLES INTL IN	$0	–	-173,000	–	-0.61%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-62,900	–	-0.61%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-131,800	–	-0.62%	–
DLX	Exit	DELUXE CORP	$0	–	-51,900	–	-0.63%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-75,500	–	-0.63%	–
SYNT	Exit	SYNTEL INC	$0	–	-194,000	–	-0.63%	–
GNTX	Exit	GENTEX CORP	$0	–	-192,600	–	-0.63%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-80,000	–	-0.64%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-48,050	–	-0.65%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-85,600	–	-0.65%	–
AGX	Exit	ARGAN INC	$0	–	-58,700	–	-0.66%	–
EME	Exit	EMCOR GROUP INC	$0	–	-57,200	–	-0.66%	–
WNC	Exit	WABASH NATL CORP	$0	–	-181,000	–	-0.68%	–
SJM	Exit	SMUCKER J M CO	$0	–	-40,000	–	-0.70%	–
GPS	Exit	GAP INC DEL	$0	–	-142,800	–	-0.70%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-36,200	–	-0.71%	–
ICFI	Exit	ICF INTL INC	$0	–	-80,300	–	-0.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-70,500	–	-1.12%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-89,500	–	-1.28%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-119,555	–	-1.48%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-142,700	–	-1.58%	–
DFIN	Exit	DONNELLEY FINL SOLUTIONS INC	$0	–	-445,450	–	-1.59%	–
AAPL	Exit	APPLE INC	$0	–	-64,075	–	-1.64%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-134,100	–	-1.65%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-265,000	–	-1.79%	–
AGN	Exit	ALLERGAN PLC	$0	–	-55,000	–	-1.87%	–
OI	Exit	OWENS ILL INC	$0	–	-475,000	–	-1.98%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-300,000	–	-2.10%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-600,000	–	-2.24%	–
LB	Exit	L BRANDS INC	$0	–	-438,000	–	-3.02%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-3.17%	–
HBI	Exit	HANESBRANDS INC	$0	–	-854,325	–	-3.49%	–
T	Exit	AT&T INC	$0	–	-602,000	–	-3.91%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-334,622	–	-4.32%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-1,157,700	–	-5.07%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-432,802	–	-5.84%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-869,282	–	-7.14%	–
PFE	Exit	PFIZER INC	$0	–	-1,640,385	–	-9.72%	–

Q3 2017

			Value		Shares		↓ Weighting
PFE	Sell	PFIZER INC	$58,562,000	-0.4%	1,640,385	-6.2%	9.72%	-3.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$43,021,000	+24.3%	869,282	+12.2%	7.14%	+20.1%
CVS	Sell	CVS HEALTH CORP	$35,195,000	-17.6%	432,802	-18.4%	5.84%	-20.4%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$30,540,000	+13.6%	1,157,700	+22.0%	5.07%	+9.7%
MDT	Sell	MEDTRONIC PLC	$26,024,000	-12.4%	334,622	-0.0%	4.32%	-15.4%
T	Buy	AT&T INC	$23,580,000	+46.4%	602,000	+41.0%	3.91%	+41.4%
HBI	Buy	HANESBRANDS INC	$21,051,000	+6.9%	854,325	+0.5%	3.49%	+3.3%
LB	Buy	L BRANDS INC	$18,225,000	+14.6%	438,000	+48.5%	3.02%	+10.7%
LUMN	Buy	CENTURYLINK INC	$13,510,000	+159.0%	600,000	+279.7%	2.24%	+150.2%
FLR	New	FLUOR CORP NEW	$12,630,000	–	300,000	–	2.10%	–
OI	Sell	OWENS ILL INC	$11,951,000	-26.0%	475,000	-29.6%	1.98%	-28.5%
AGN	New	ALLERGAN PLC	$11,272,000	–	55,000	–	1.87%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$10,759,000	–	265,000	–	1.79%	–
OMC	Buy	OMNICOM GROUP INC	$9,933,000	+13.0%	134,100	+26.5%	1.65%	+9.2%
AAPL	Buy	APPLE INC	$9,875,000	+9.4%	64,075	+2.3%	1.64%	+5.7%
DFIN	Buy	DONNELLEY FINL SOLUTIONS INC	$9,604,000	+44.8%	445,450	+54.2%	1.59%	+39.8%
CAH	Sell	CARDINAL HEALTH INC	$9,549,000	-16.6%	142,700	-2.9%	1.58%	-19.5%
MSFT	Sell	MICROSOFT CORP	$8,906,000	-32.4%	119,555	-37.5%	1.48%	-34.7%
SNI	Sell	SCRIPPS NETWORKS INTERACT IN	$7,687,000	-67.0%	89,500	-73.8%	1.28%	-68.1%
JPM	Sell	JPMORGAN CHASE & CO	$6,733,000	-1.4%	70,500	-5.7%	1.12%	-4.8%
ICFI	Buy	ICF INTL INC	$4,332,000	+22.6%	80,300	+7.1%	0.72%	+18.5%
MAN	Buy	MANPOWERGROUP INC	$4,265,000	+12.4%	36,200	+6.5%	0.71%	+8.6%
GPS	Buy	GAP INC DEL	$4,217,000	+44.4%	142,800	+7.5%	0.70%	+39.4%
SJM	New	SMUCKER J M CO	$4,197,000	–	40,000	–	0.70%	–
WNC	Buy	WABASH NATL CORP	$4,130,000	+11.2%	181,000	+7.1%	0.68%	+7.4%
EME	Buy	EMCOR GROUP INC	$3,969,000	+13.3%	57,200	+6.7%	0.66%	+9.5%
AGX	Buy	ARGAN INC	$3,948,000	+19.9%	58,700	+6.9%	0.66%	+15.7%
AMN	New	AMN HEALTHCARE SERVICES INC	$3,912,000	–	85,600	–	0.65%	–
GILD	Buy	GILEAD SCIENCES INC	$3,893,000	+22.9%	48,050	+7.4%	0.65%	+18.8%
GNTX	Buy	GENTEX CORP	$3,813,000	+34.0%	192,600	+28.4%	0.63%	+29.4%
SYNT	Buy	SYNTEL INC	$3,812,000	+24.2%	194,000	+7.2%	0.63%	+19.9%
RHI	Buy	ROBERT HALF INTL INC	$3,800,000	+13.3%	75,500	+7.9%	0.63%	+9.4%
DLX	Buy	DELUXE CORP	$3,787,000	+13.0%	51,900	+7.2%	0.63%	+9.2%
ARRS	Buy	ARRIS INTL INC	$3,755,000	+9.0%	131,800	+7.2%	0.62%	+5.2%
AMCX	Buy	AMC NETWORKS INCcl a	$3,678,000	+16.7%	62,900	+6.6%	0.61%	+12.8%
HSII	Buy	HEIDRICK & STRUGGLES INTL IN	$3,659,000	+25.5%	173,000	+29.1%	0.61%	+21.2%
TBI	Buy	TRUEBLUE INC	$3,626,000	-8.8%	161,500	+7.7%	0.60%	-11.9%
WDC	Buy	WESTERN DIGITAL CORP	$3,560,000	+5.2%	41,200	+7.9%	0.59%	+1.5%
BBY	Buy	BEST BUY INC	$3,532,000	+6.2%	62,000	+6.9%	0.59%	+2.6%
CSCO	Buy	CISCO SYS INC	$3,508,000	+11.5%	104,300	+3.8%	0.58%	+7.6%
MMI	Buy	MARCUS & MILLICHAP INC	$3,482,000	+10.1%	129,000	+7.5%	0.58%	+6.2%
CVG	Buy	CONVERGYS CORP	$3,469,000	+17.6%	134,000	+8.1%	0.58%	+13.6%
MCK	Buy	MCKESSON CORP	$3,456,000	+0.0%	22,500	+7.1%	0.57%	-3.4%
NEWM	Buy	NEW MEDIA INVT GROUP INC	$3,446,000	+18.9%	233,000	+8.4%	0.57%	+14.9%
CA	Buy	CA INC	$3,423,000	+11.3%	102,550	+14.9%	0.57%	+7.4%
HPQ	Sell	HP INC	$3,413,000	+4.7%	171,000	-8.3%	0.57%	+1.1%
ABC	New	AMERISOURCEBERGEN CORP	$3,393,000	–	41,000	–	0.56%	–
AAN	Sell	AARONS INC	$3,360,000	-13.6%	77,000	-23.0%	0.56%	-16.5%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$3,356,000	+7.3%	53,000	+8.2%	0.56%	+3.5%
BEN	Sell	FRANKLIN RES INC	$3,329,000	-36.3%	74,800	-35.9%	0.55%	-38.4%
WU	Buy	WESTERN UN CO	$3,304,000	+8.8%	172,100	+8.0%	0.55%	+5.0%
RGR	Buy	STURM RUGER & CO INC	$3,293,000	+8.1%	63,700	+30.0%	0.55%	+4.6%
EAT	Buy	BRINKER INTL INC	$3,291,000	+30.9%	103,300	+56.5%	0.55%	+26.4%
LCUT	Buy	LIFETIME BRANDS INC	$3,287,000	+3.7%	179,607	+2.9%	0.55%	+0.2%
JNPR	New	JUNIPER NETWORKS INC	$3,273,000	–	117,600	–	0.54%	–
QCOM	Buy	QUALCOMM INC	$3,240,000	+21.0%	62,500	+28.9%	0.54%	+17.0%
SCMP	Buy	SUCAMPO PHARMACEUTICALS INCcl a	$3,216,000	+22.5%	272,500	+9.0%	0.53%	+18.4%
IDCC	Buy	INTERDIGITAL INC	$3,127,000	+3.7%	42,400	+8.7%	0.52%	+0.2%
GME	Buy	GAMESTOP CORP NEWcl a	$3,109,000	+5.4%	150,500	+10.3%	0.52%	+1.8%
MNKKQ	Buy	MALLINCKRODT PUB LTD CO	$3,046,000	+9.6%	81,500	+31.5%	0.51%	+6.1%
RPXC	Buy	RPX CORP	$3,041,000	+3.8%	229,000	+9.0%	0.50%	+0.4%
NLS	Buy	NAUTILUS INC	$3,025,000	-4.3%	179,000	+8.5%	0.50%	-7.6%
AMAG	Buy	AMAG PHARMACEUTICALS INC	$3,013,000	+9.1%	163,300	+8.8%	0.50%	+5.3%
FL	New	FOOT LOCKER INC	$2,990,000	–	84,900	–	0.50%	–
PBI	Buy	PITNEY BOWES INC	$2,946,000	+1.6%	210,300	+9.5%	0.49%	-1.8%
MD	Buy	MEDNAX INC	$2,794,000	-3.6%	64,800	+35.0%	0.46%	-6.8%
AOBC	Buy	AMERICAN OUTDOOR BRANDS CORP	$2,771,000	-6.7%	181,700	+35.6%	0.46%	-9.8%
FTDCQ	Buy	FTD COS INC	$2,763,000	+33.9%	211,900	+105.3%	0.46%	+29.3%
USNA	Buy	USANA HEALTH SCIENCES INC	$2,550,000	-0.5%	44,200	+10.5%	0.42%	-4.1%
ETSY	Sell	ETSY INC	$2,549,000	-11.0%	151,000	-20.9%	0.42%	-14.0%
BBBY	Buy	BED BATH & BEYOND INC	$2,204,000	-15.5%	93,900	+9.4%	0.37%	-18.3%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$2,086,000	+210.0%	14,376	+228.5%	0.35%	+198.3%
DVD	Buy	DOVER MOTORSPORTS INC	$2,052,000	+1.5%	1,001,029	+4.0%	0.34%	-1.7%
DEPO	Buy	DEPOMED INC	$2,015,000	-39.5%	348,000	+12.3%	0.33%	-41.6%
LCI	New	LANNET INC	$1,762,000	–	95,500	–	0.29%	–
SP	New	SP PLUS CORP	$1,738,000	–	44,000	–	0.29%	–
MANU	Buy	MANCHESTER UTD PLC NEWord cl a	$1,575,000	+22.2%	87,498	+10.3%	0.26%	+17.6%
INTC	Buy	INTEL CORP	$885,000	+23.4%	23,237	+9.4%	0.15%	+19.5%
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-25,000	–	-0.11%	–
IP	Exit	INTL PAPER CO	$0	–	-20,000	–	-0.20%	–
CHSP	Exit	CHESAPEAKE LODGING TRsh ben int	$0	–	-75,000	–	-0.32%	–
SPLS	Exit	STAPLES INC	$0	–	-340,000	–	-0.59%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-54,000	–	-0.59%	–
CBZ	Exit	CBIZ INC	$0	–	-233,000	–	-0.60%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-62,000	–	-0.80%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-77,000	–	-0.82%	–
TRK	Exit	SPEEDWAY MOTORSPORTS INC	$0	–	-292,288	–	-0.92%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-762,145	–	-1.79%	–

Q2 2017

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC	$58,769,000	–	1,749,606	–	10.10%	–
CVS	New	CVS HEALTH CORP	$42,700,000	–	530,702	–	7.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$34,604,000	–	774,832	–	5.95%	–
MDT	New	MEDTRONIC PLC	$29,700,000	–	334,652	–	5.10%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$26,895,000	–	949,000	–	4.62%	–
DDD	New	3-D SYS CORP DEL	$26,673,000	–	1,426,390	–	4.58%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$23,294,000	–	341,000	–	4.00%	–
HBI	New	HANESBRANDS INC	$19,686,000	–	850,000	–	3.38%	–
OI	New	OWENS ILL INC	$16,146,000	–	675,000	–	2.78%	–
T	New	AT&T INC	$16,111,000	–	427,000	–	2.77%	–
LB	New	L BRANDS INC	$15,898,000	–	295,000	–	2.73%	–
MSFT	New	MICROSOFT CORP	$13,181,000	–	191,220	–	2.26%	–
CAH	New	CARDINAL HEALTH INC	$11,454,000	–	147,000	–	1.97%	–
NWSA	New	NEWS CORP NEWcl a	$10,441,000	–	762,145	–	1.79%	–
AAPL	New	APPLE INC	$9,023,000	–	62,650	–	1.55%	–
OMC	New	OMNICOM GROUP INC	$8,787,000	–	106,000	–	1.51%	–
JPM	New	JPMORGAN CHASE & CO	$6,832,000	–	74,750	–	1.17%	–
DFIN	New	DONNELLEY FINL SOLUTIONS INC	$6,633,000	–	288,883	–	1.14%	–
TRK	New	SPEEDWAY MOTORSPORTS INC	$5,340,000	–	292,288	–	0.92%	–
BEN	New	FRANKLIN RES INC	$5,227,000	–	116,700	–	0.90%	–
LUMN	New	CENTURYLINK INC	$5,216,000	–	158,000	–	0.90%	–
LUV	New	SOUTHWEST AIRLS CO	$4,785,000	–	77,000	–	0.82%	–
UAL	New	UNITED CONTL HLDGS INC	$4,666,000	–	62,000	–	0.80%	–
TBI	New	TRUEBLUE INC	$3,975,000	–	150,000	–	0.68%	–
AAN	New	AARONS INC	$3,890,000	–	100,000	–	0.67%	–
MAN	New	MANPOWERGROUP INC	$3,796,000	–	34,000	–	0.65%	–
WNC	New	WABASH NATL CORP	$3,715,000	–	169,000	–	0.64%	–
GBX	New	GREENBRIER COS INC	$3,700,000	–	80,000	–	0.64%	–
VIVO	New	MERIDIAN BIOSCIENCE INC	$3,575,000	–	227,000	–	0.61%	–
ICFI	New	ICF INTL INC	$3,533,000	–	75,000	–	0.61%	–
EME	New	EMCOR GROUP INC	$3,504,000	–	53,600	–	0.60%	–
CBZ	New	CBIZ INC	$3,495,000	–	233,000	–	0.60%	–
MCK	New	MCKESSON CORP	$3,455,000	–	21,000	–	0.59%	–
CBS	New	CBS CORP NEWcl b	$3,444,000	–	54,000	–	0.59%	–
ARRS	New	ARRIS INTL INC	$3,446,000	–	123,000	–	0.59%	–
SPLS	New	STAPLES INC	$3,424,000	–	340,000	–	0.59%	–
WDC	New	WESTERN DIGITAL CORP	$3,385,000	–	38,200	–	0.58%	–
RHI	New	ROBERT HALF INTL INC	$3,355,000	–	70,000	–	0.58%	–
DLX	New	DELUXE CORP	$3,350,000	–	48,400	–	0.58%	–
DEPO	New	DEPOMED INC	$3,329,000	–	310,000	–	0.57%	–
BBY	New	BEST BUY INC	$3,325,000	–	58,000	–	0.57%	–
GHC	New	GRAHAM HLDGS CO	$3,298,000	–	5,500	–	0.57%	–
AGX	New	ARGAN INC	$3,294,000	–	54,900	–	0.57%	–
HPQ	New	HP INC	$3,260,000	–	186,500	–	0.56%	–
LCUT	New	LIFETIME BRANDS INC	$3,169,000	–	174,607	–	0.54%	–
GILD	New	GILEAD SCIENCES INC	$3,167,000	–	44,750	–	0.54%	–
MMI	New	MARCUS & MILLICHAP INC	$3,163,000	–	120,000	–	0.54%	–
NLS	New	NAUTILUS INC	$3,160,000	–	165,000	–	0.54%	–
CSCO	New	CISCO SYS INC	$3,146,000	–	100,500	–	0.54%	–
AMCX	New	AMC NETWORKS INCcl a	$3,151,000	–	59,000	–	0.54%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,128,000	–	49,000	–	0.54%	–
CA	New	CA INC	$3,076,000	–	89,250	–	0.53%	–
SYNT	New	SYNTEL INC	$3,070,000	–	181,000	–	0.53%	–
RGR	New	STURM RUGER & CO INC	$3,045,000	–	49,000	–	0.52%	–
WU	New	WESTERN UN CO	$3,037,000	–	159,400	–	0.52%	–
IDCC	New	INTERDIGITAL INC	$3,015,000	–	39,000	–	0.52%	–
AOBC	New	AMERICAN OUTDOOR BRANDS CORP	$2,969,000	–	134,000	–	0.51%	–
CVG	New	CONVERGYS CORP	$2,949,000	–	124,000	–	0.51%	–
GME	New	GAMESTOP CORP NEWcl a	$2,950,000	–	136,500	–	0.51%	–
RPXC	New	RPX CORP	$2,930,000	–	210,000	–	0.50%	–
GPS	New	GAP INC DEL	$2,920,000	–	132,800	–	0.50%	–
HSII	New	HEIDRICK & STRUGGLES INTL IN	$2,915,000	–	134,000	–	0.50%	–
NEWM	New	NEW MEDIA INVT GROUP INC	$2,898,000	–	215,000	–	0.50%	–
MD	New	MEDNAX INC	$2,898,000	–	48,000	–	0.50%	–
PBI	New	PITNEY BOWES INC	$2,899,000	–	192,000	–	0.50%	–
ETSY	New	ETSY INC	$2,865,000	–	191,000	–	0.49%	–
GNTX	New	GENTEX CORP	$2,846,000	–	150,000	–	0.49%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$2,778,000	–	62,000	–	0.48%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$2,762,000	–	150,100	–	0.48%	–
TWX	New	TIME WARNER INC	$2,711,000	–	27,000	–	0.47%	–
QCOM	New	QUALCOMM INC	$2,678,000	–	48,500	–	0.46%	–
SCMP	New	SUCAMPO PHARMACEUTICALS INCcl a	$2,625,000	–	250,000	–	0.45%	–
BBBY	New	BED BATH & BEYOND INC	$2,608,000	–	85,800	–	0.45%	–
USNA	New	USANA HEALTH SCIENCES INC	$2,564,000	–	40,000	–	0.44%	–
EAT	New	BRINKER INTL INC	$2,515,000	–	66,000	–	0.43%	–
FTDCQ	New	FTD COS INC	$2,064,000	–	103,200	–	0.36%	–
DVD	New	DOVER MOTORSPORTS INC	$2,022,000	–	962,786	–	0.35%	–
PM	New	PHILIP MORRIS INTL INC	$1,944,000	–	16,550	–	0.33%	–
CHSP	New	CHESAPEAKE LODGING TRsh ben int	$1,835,000	–	75,000	–	0.32%	–
PG	New	PROCTER AND GAMBLE CO	$1,718,000	–	19,720	–	0.30%	–
MANU	New	MANCHESTER UTD PLC NEWord cl a	$1,289,000	–	79,298	–	0.22%	–
IP	New	INTL PAPER CO	$1,132,000	–	20,000	–	0.20%	–
JNJ	New	JOHNSON & JOHNSON	$1,041,000	–	7,866	–	0.18%	–
INTC	New	INTEL CORP	$717,000	–	21,237	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$673,000	–	4,376	–	0.12%	–
MYGN	New	MYRIAD GENETICS INC	$646,000	–	25,000	–	0.11%	–
XOM	New	EXXON MOBIL CORP	$344,000	–	4,263	–	0.06%	–
RGC	New	REGAL ENTMT GROUPcl a	$287,000	–	14,050	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
PBBI	Exit	PB BANCORP INC	$0	–	-16,287	–	-0.03%	–
MELR	Exit	MELROSE BANCORP INC	$0	–	-11,323	–	-0.03%	–
OCFC	Exit	OCEANFIRST FINL CORP	$0	–	-10,455	–	-0.04%	–
SBCP	Exit	SUNSHINE BANCORP INC	$0	–	-17,750	–	-0.05%	–
WBBW	Exit	WESTBURY BANCORP INC	$0	–	-16,052	–	-0.06%	–
BWFG	Exit	BANKWELL FINL GROUP INC	$0	–	-16,084	–	-0.07%	–
RGC	Exit	REGAL ENTMT GROUPcl a	$0	–	-19,900	–	-0.08%	–
SBBX	Exit	SUSSEX BANCORP	$0	–	-29,534	–	-0.09%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,720	–	-0.10%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-25,998	–	-0.12%	–
SIFI	Exit	SI FINL GROUP INC MD	$0	–	-48,875	–	-0.12%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,376	–	-0.13%	–
ASBB	Exit	ASB BANCORP INC N C	$0	–	-28,825	–	-0.15%	–
MCO	Exit	MOODYS CORP	$0	–	-7,000	–	-0.15%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,749	–	-0.15%	–
MSBF	Exit	MSB FINL CORP NEW	$0	–	-62,745	–	-0.16%	–
MLVF	Exit	MALVERN BANCORP INC	$0	–	-55,782	–	-0.18%	–
PBIP	Exit	PRUDENTIAL BANCORP INC NEW	$0	–	-73,377	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,066	–	-0.21%	–
INTC	Exit	INTEL CORP	$0	–	-29,237	–	-0.21%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-573,312	–	-0.27%	–
IILG	Exit	INTERVAL LEISURE GROUP INC	$0	–	-99,300	–	-0.33%	–
BKE	Exit	BUCKLE INC	$0	–	-73,100	–	-0.34%	–
CALM	Exit	CAL MAINE FOODS INC	$0	–	-51,500	–	-0.38%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-200,000	–	-0.40%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-150,000	–	-0.41%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-115,000	–	-0.46%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-42,000	–	-0.47%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-63,800	–	-0.47%	–
STRA	Exit	STRAYER ED INC	$0	–	-52,400	–	-0.47%	–
DHX	Exit	DHI GROUP INC	$0	–	-311,000	–	-0.47%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-34,000	–	-0.48%	–
GPS	Exit	GAP INC DEL	$0	–	-110,800	–	-0.48%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-89,500	–	-0.48%	–
RPXC	Exit	RPX CORP	$0	–	-232,000	–	-0.48%	–
RATE	Exit	BANKRATE INC DEL	$0	–	-295,000	–	-0.48%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-103,100	–	-0.49%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-120,000	–	-0.49%	–
AAN	Exit	AARONS INC	$0	–	-100,000	–	-0.49%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-49,000	–	-0.49%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-279,000	–	-0.50%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-59,800	–	-0.50%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-41,000	–	-0.50%	–
GNTX	Exit	GENTEX CORP	$0	–	-150,000	–	-0.51%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-70,000	–	-0.51%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-5,500	–	-0.51%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-96,660	–	-0.51%	–
LSTR	Exit	LANDSTAR SYS INC	$0	–	-39,000	–	-0.51%	–
HURN	Exit	HURON CONSULTING GROUP INC	$0	–	-45,000	–	-0.52%	–
TWX	Exit	TIME WARNER INC	$0	–	-34,000	–	-0.52%	–
NSR	Exit	NEUSTAR INCcl a	$0	–	-102,500	–	-0.53%	–
MWW	Exit	MONSTER WORLDWIDE INC	$0	–	-755,000	–	-0.53%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-20,000	–	-0.54%	–
SCMP	Exit	SUCAMPO PHARMACEUTICALS INCcl a	$0	–	-225,000	–	-0.54%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-54,700	–	-0.54%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-35,750	–	-0.55%	–
BBY	Exit	BEST BUY INC	$0	–	-75,000	–	-0.55%	–
HPQ	Exit	HP INC	$0	–	-186,500	–	-0.56%	–
MTRX	Exit	MATRIX SVC CO	$0	–	-156,000	–	-0.57%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-42,000	–	-0.57%	–
CA	Exit	CA INC	$0	–	-89,250	–	-0.57%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-54,000	–	-0.57%	–
CBZ	Exit	CBIZ INC	$0	–	-265,000	–	-0.57%	–
ETSY	Exit	ETSY INC	$0	–	-208,000	–	-0.57%	–
TSRA	Exit	TESSERA TECHNOLOGIES INC	$0	–	-77,700	–	-0.58%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-77,000	–	-0.58%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-52,000	–	-0.59%	–
WNC	Exit	WABASH NATL CORP	$0	–	-214,000	–	-0.59%	–
RRD	Exit	DONNELLEY R R & SONS CO	$0	–	-196,950	–	-0.60%	–
IOSP	Exit	INNOSPEC INC	$0	–	-52,000	–	-0.61%	–
CSCO	Exit	CISCO SYS INC	$0	–	-100,500	–	-0.62%	–
DLX	Exit	DELUXE CORP	$0	–	-48,400	–	-0.62%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-122,000	–	-0.63%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-62,000	–	-0.63%	–
WU	Exit	WESTERN UN CO	$0	–	-159,400	–	-0.64%	–
QCOM	Exit	QUALCOMM INC	$0	–	-48,500	–	-0.64%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-57,200	–	-0.65%	–
SGBK	Exit	STONEGATE BK FT LAUDERDALE F	$0	–	-101,000	–	-0.66%	–
HIBB	Exit	HIBBETT SPORTS INC	$0	–	-87,500	–	-0.67%	–
CR	Exit	CRANE CO	$0	–	-56,600	–	-0.69%	–
EME	Exit	EMCOR GROUP INC	$0	–	-63,600	–	-0.73%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-48,000	–	-0.74%	–
THO	Exit	THOR INDS INC	$0	–	-53,500	–	-0.88%	–
AGX	Exit	ARGAN INC	$0	–	-79,900	–	-0.91%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-80,000	–	-1.20%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-89,204	–	-1.22%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-179,700	–	-1.24%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-93,000	–	-1.60%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-125,550	–	-1.62%	–
AAPL	Exit	APPLE INC	$0	–	-77,725	–	-1.70%	–
TRK	Exit	SPEEDWAY MOTORSPORTS INC	$0	–	-554,241	–	-1.91%	–
PHG	Exit	KONINKLIJKE PHILIPS N Vny reg sh new	$0	–	-400,000	–	-2.29%	–
MYL	Exit	MYLAN N V	$0	–	-325,000	–	-2.39%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-302,832	–	-3.04%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-283,170	–	-3.15%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-206,652	–	-3.45%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-342,131	–	-3.60%	–
OI	Exit	OWENS ILL INC	$0	–	-1,100,000	–	-3.91%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-990,000	–	-4.63%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-4.95%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-1,885,790	–	-5.09%	–
PFE	Exit	PFIZER INC	$0	–	-982,756	–	-6.43%	–
TRR	Exit	TRC COS INC	$0	–	-5,568,257	–	-9.33%	–

Q3 2016

			Value		Shares		↓ Weighting
PFE	Sell	PFIZER INC	$33,286,000	-6.2%	982,756	-2.5%	6.43%	-8.6%
NWSA	Sell	NEWS CORP NEWcl a	$26,363,000	-2.7%	1,885,790	-21.0%	5.09%	-5.1%
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$23,978,000	–	990,000	–	4.63%	–
OI	Buy	OWENS ILL INC	$20,229,000	+24.8%	1,100,000	+22.2%	3.91%	+21.6%
EMR	Sell	EMERSON ELEC CO	$18,650,000	-8.8%	342,131	-12.8%	3.60%	-11.2%
MDT	Sell	MEDTRONIC PLC	$17,855,000	-27.1%	206,652	-26.8%	3.45%	-28.9%
MSFT	Sell	MICROSOFT CORP	$16,311,000	+12.3%	283,170	-0.2%	3.15%	+9.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$15,741,000	-7.2%	302,832	-0.4%	3.04%	-9.6%
MYL	New	MYLAN N V	$12,389,000	–	325,000	–	2.39%	–
PHG	Sell	KONINKLIJKE PHILIPS N Vny reg sh new	$11,836,000	-14.1%	400,000	-27.6%	2.29%	-16.3%
TRK	Buy	SPEEDWAY MOTORSPORTS INC	$9,899,000	+12.3%	554,241	+11.6%	1.91%	+9.5%
AAPL	Buy	APPLE INC	$8,787,000	+24.1%	77,725	+4.9%	1.70%	+20.9%
CVS	Buy	CVS HEALTH CORP	$8,276,000	+4.2%	93,000	+12.0%	1.60%	+1.5%
BEN	Sell	FRANKLIN RES INC	$6,392,000	-1.6%	179,700	-7.7%	1.24%	-4.1%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$6,292,000	-0.2%	89,204	+7.2%	1.22%	-2.7%
UAL	New	UNITED CONTL HLDGS INC	$3,253,000	–	62,000	–	0.63%	–
RRD	Sell	DONNELLEY R R & SONS CO	$3,096,000	-7.7%	196,950	-0.7%	0.60%	-10.1%
SYNA	New	SYNAPTICS INC	$3,046,000	–	52,000	–	0.59%	–
LUV	New	SOUTHWEST AIRLS CO	$2,995,000	–	77,000	–	0.58%	–
CBS	New	CBS CORP NEWcl b	$2,956,000	–	54,000	–	0.57%	–
GILD	Buy	GILEAD SCIENCES INC	$2,829,000	+14.0%	35,750	+20.2%	0.55%	+11.2%
LUMN	Sell	CENTURYLINK INC	$2,651,000	-52.1%	96,660	-49.4%	0.51%	-53.4%
GHC	New	GRAHAM HLDGS CO	$2,648,000	–	5,500	–	0.51%	–
RHI	Buy	ROBERT HALF INTL INC	$2,651,000	+15.8%	70,000	+16.7%	0.51%	+12.8%
BBBY	Buy	BED BATH & BEYOND INC	$2,578,000	+15.1%	59,800	+15.4%	0.50%	+12.2%
AAN	New	AARONS INC	$2,542,000	–	100,000	–	0.49%	–
AMCX	Buy	AMC NETWORKS INCcl a	$2,541,000	+5.1%	49,000	+22.5%	0.49%	+2.5%
AMAG	Buy	AMAG PHARMACEUTICALS INC	$2,527,000	+19.9%	103,100	+17.0%	0.49%	+16.7%
RGR	New	STURM RUGER & CO INC	$2,426,000	–	42,000	–	0.47%	–
MYGN	New	MYRIAD GENETICS INC	$2,367,000	–	115,000	–	0.46%	–
VSH	Sell	VISHAY INTERTECHNOLOGY INC	$2,114,000	-62.5%	150,000	-67.0%	0.41%	-63.5%
IILG	Sell	INTERVAL LEISURE GROUP INC	$1,705,000	-32.7%	99,300	-37.7%	0.33%	-34.5%
PBIP	Buy	PRUDENTIAL BANCORP INC NEW	$1,062,000	+7.6%	73,377	+4.8%	0.20%	+4.6%
XOM	Sell	EXXON MOBIL CORP	$764,000	-46.5%	8,749	-42.6%	0.15%	-47.7%
MCO	Sell	MOODYS CORP	$758,000	-68.9%	7,000	-73.1%	0.15%	-69.8%
UVSP	New	UNIVEST CORP PA	$607,000	–	25,998	–	0.12%	–
PG	Buy	PROCTER AND GAMBLE CO	$513,000	+8.7%	5,720	+2.7%	0.10%	+5.3%
BCBP	Exit	BCB BANCORP INC	$0	–	-10,000	–	-0.02%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-8,875	–	-0.12%	–
WSBF	Exit	WATERSTONE FINL INC MD	$0	–	-84,862	–	-0.26%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-27,250	–	-0.37%	–
STRZA	Exit	STARZ	$0	–	-74,300	–	-0.44%	–
APOL	Exit	APOLLO ED GROUP INCcl a	$0	–	-256,972	–	-0.46%	–
LDOS	Exit	LEIDOS HLDGS INC	$0	–	-54,000	–	-0.51%	–
CPLA	Exit	CAPELLA EDUCATION COMPANY	$0	–	-51,800	–	-0.54%	–
OUTR	Exit	OUTERWALL INC	$0	–	-73,500	–	-0.61%	–
TIVO	Exit	TIVO INC	$0	–	-315,000	–	-0.62%	–
PETS	Exit	PETMED EXPRESS INC	$0	–	-167,000	–	-0.62%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-102,600	–	-0.70%	–
BCO	Exit	BRINKS CO	$0	–	-150,000	–	-0.85%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-190,800	–	-1.71%	–
SEAS	Exit	SEAWORLD ENTMT INC	$0	–	-950,300	–	-2.70%	–
M	Exit	MACYS INC	$0	–	-425,000	–	-2.83%	–

Q2 2016

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC	$35,488,000	–	1,007,896	–	7.04%	–
TRR	New	TRC COS INC	$35,191,000	–	5,568,257	–	6.98%	–
NWSA	New	NEWS CORP NEWcl a	$27,081,000	–	2,386,035	–	5.37%	–
MDT	New	MEDTRONIC PLC	$24,489,000	–	282,227	–	4.86%	–
EMR	New	EMERSON ELEC CO	$20,457,000	–	392,206	–	4.06%	–
DDD	New	3-D SYS CORP DEL	$19,527,000	–	1,426,390	–	3.87%	–
VZ	New	VERIZON COMMUNICATIONS INC	$16,970,000	–	303,897	–	3.36%	–
OI	New	OWENS ILL INC	$16,209,000	–	900,000	–	3.21%	–
MSFT	New	MICROSOFT CORP	$14,520,000	–	283,760	–	2.88%	–
M	New	MACYS INC	$14,284,000	–	425,000	–	2.83%	–
PHG	New	KONINKLIJKE PHILIPS N Vny reg sh new	$13,784,000	–	552,700	–	2.73%	–
SEAS	New	SEAWORLD ENTMT INC	$13,618,000	–	950,300	–	2.70%	–
TRK	New	SPEEDWAY MOTORSPORTS INC	$8,813,000	–	496,485	–	1.75%	–
HOG	New	HARLEY DAVIDSON INC	$8,643,000	–	190,800	–	1.71%	–
CVS	New	CVS HEALTH CORP	$7,946,000	–	83,000	–	1.58%	–
JPM	New	JPMORGAN CHASE & CO	$7,802,000	–	125,550	–	1.55%	–
AAPL	New	APPLE INC	$7,082,000	–	74,075	–	1.40%	–
BEN	New	FRANKLIN RES INC	$6,497,000	–	194,700	–	1.29%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,307,000	–	83,204	–	1.25%	–
CAH	New	CARDINAL HEALTH INC	$6,241,000	–	80,000	–	1.24%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$5,632,000	–	454,588	–	1.12%	–
LUMN	New	CENTURYLINK INC	$5,540,000	–	190,975	–	1.10%	–
BCO	New	BRINKS CO	$4,274,000	–	150,000	–	0.85%	–
MEI	New	METHODE ELECTRS INC	$3,512,000	–	102,600	–	0.70%	–
THO	New	THOR INDS INC	$3,464,000	–	53,500	–	0.69%	–
RRD	New	DONNELLEY R R & SONS CO	$3,354,000	–	198,250	–	0.66%	–
AGX	New	ARGAN INC	$3,333,000	–	79,900	–	0.66%	–
SWHC	New	SMITH & WESSON HLDG CORP	$3,316,000	–	122,000	–	0.66%	–
SGBK	New	STONEGATE BK FT LAUDERDALE F	$3,259,000	–	101,000	–	0.65%	–
DLX	New	DELUXE CORP	$3,212,000	–	48,400	–	0.64%	–
CR	New	CRANE CO	$3,210,000	–	56,600	–	0.64%	–
EME	New	EMCOR GROUP INC	$3,133,000	–	63,600	–	0.62%	–
PETS	New	PETMED EXPRESS INC	$3,133,000	–	167,000	–	0.62%	–
TIVO	New	TIVO INC	$3,119,000	–	315,000	–	0.62%	–
OUTR	New	OUTERWALL INC	$3,087,000	–	73,500	–	0.61%	–
WU	New	WESTERN UN CO	$3,057,000	–	159,400	–	0.61%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$3,058,000	–	120,000	–	0.61%	–
HIBB	New	HIBBETT SPORTS INC	$3,044,000	–	87,500	–	0.60%	–
CA	New	CA INC	$2,930,000	–	89,250	–	0.58%	–
CSCO	New	CISCO SYS INC	$2,883,000	–	100,500	–	0.57%	–
CBZ	New	CBIZ INC	$2,759,000	–	265,000	–	0.55%	–
CPLA	New	CAPELLA EDUCATION COMPANY	$2,727,000	–	51,800	–	0.54%	–
WNC	New	WABASH NATL CORP	$2,718,000	–	214,000	–	0.54%	–
HURN	New	HURON CONSULTING GROUP INC	$2,719,000	–	45,000	–	0.54%	–
WDC	New	WESTERN DIGITAL CORP	$2,703,000	–	57,200	–	0.54%	–
FLR	New	FLUOR CORP NEW	$2,696,000	–	54,700	–	0.53%	–
LSTR	New	LANDSTAR SYS INC	$2,678,000	–	39,000	–	0.53%	–
IDCC	New	INTERDIGITAL INC	$2,673,000	–	48,000	–	0.53%	–
VIAB	New	VIACOM INC NEWcl b	$2,646,000	–	63,800	–	0.52%	–
QCOM	New	QUALCOMM INC	$2,598,000	–	48,500	–	0.52%	–
LDOS	New	LEIDOS HLDGS INC	$2,585,000	–	54,000	–	0.51%	–
STRA	New	STRAYER ED INC	$2,574,000	–	52,400	–	0.51%	–
MTRX	New	MATRIX SVC CO	$2,572,000	–	156,000	–	0.51%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$2,561,000	–	279,000	–	0.51%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$2,553,000	–	41,000	–	0.51%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$2,553,000	–	42,000	–	0.51%	–
IILG	New	INTERVAL LEISURE GROUP INC	$2,533,000	–	159,300	–	0.50%	–
TWX	New	TIME WARNER INC	$2,500,000	–	34,000	–	0.50%	–
GILD	New	GILEAD SCIENCES INC	$2,482,000	–	29,750	–	0.49%	–
SCMP	New	SUCAMPO PHARMACEUTICALS INCcl a	$2,468,000	–	225,000	–	0.49%	–
MCO	New	MOODYS CORP	$2,436,000	–	26,000	–	0.48%	–
AMCX	New	AMC NETWORKS INCcl a	$2,417,000	–	40,000	–	0.48%	–
NSR	New	NEUSTAR INCcl a	$2,410,000	–	102,500	–	0.48%	–
IOSP	New	INNOSPEC INC	$2,391,000	–	52,000	–	0.47%	–
GME	New	GAMESTOP CORP NEWcl a	$2,379,000	–	89,500	–	0.47%	–
TSRA	New	TESSERA TECHNOLOGIES INC	$2,381,000	–	77,700	–	0.47%	–
GPS	New	GAP INC DEL	$2,351,000	–	110,800	–	0.47%	–
APOL	New	APOLLO ED GROUP INCcl a	$2,344,000	–	256,972	–	0.46%	–
HPQ	New	HP INC	$2,341,000	–	186,500	–	0.46%	–
GNTX	New	GENTEX CORP	$2,318,000	–	150,000	–	0.46%	–
BBY	New	BEST BUY INC	$2,295,000	–	75,000	–	0.46%	–
RHI	New	ROBERT HALF INTL INC	$2,290,000	–	60,000	–	0.45%	–
CALM	New	CAL MAINE FOODS INC	$2,282,000	–	51,500	–	0.45%	–
BBBY	New	BED BATH & BEYOND INC	$2,239,000	–	51,800	–	0.44%	–
USNA	New	USANA HEALTH SCIENCES INC	$2,229,000	–	20,000	–	0.44%	–
STRZA	New	STARZ	$2,223,000	–	74,300	–	0.44%	–
RATE	New	BANKRATE INC DEL	$2,207,000	–	295,000	–	0.44%	–
MAN	New	MANPOWERGROUP INC	$2,188,000	–	34,000	–	0.43%	–
RPXC	New	RPX CORP	$2,127,000	–	232,000	–	0.42%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$2,107,000	–	88,100	–	0.42%	–
ETSY	New	ETSY INC	$1,995,000	–	208,000	–	0.40%	–
WETF	New	WISDOMTREE INVTS INC	$1,958,000	–	200,000	–	0.39%	–
DHX	New	DHI GROUP INC	$1,938,000	–	311,000	–	0.38%	–
BKE	New	BUCKLE INC	$1,900,000	–	73,100	–	0.38%	–
MO	New	ALTRIA GROUP INC	$1,879,000	–	27,250	–	0.37%	–
MWW	New	MONSTER WORLDWIDE INC	$1,804,000	–	755,000	–	0.36%	–
XOM	New	EXXON MOBIL CORP	$1,429,000	–	15,249	–	0.28%	–
WSBF	New	WATERSTONE FINL INC MD	$1,301,000	–	84,862	–	0.26%	–
DVD	New	DOVER MOTORSPORTS INC	$1,244,000	–	573,312	–	0.25%	–
JNJ	New	JOHNSON & JOHNSON	$1,100,000	–	9,066	–	0.22%	–
PBIP	New	PRUDENTIAL BANCORP INC NEW	$987,000	–	70,000	–	0.20%	–
INTC	New	INTEL CORP	$959,000	–	29,237	–	0.19%	–
MLVF	New	MALVERN BANCORP INC	$870,000	–	55,782	–	0.17%	–
MSBF	New	MSB FINL CORP NEW	$865,000	–	62,745	–	0.17%	–
ASBB	New	ASB BANCORP INC N C	$707,000	–	28,825	–	0.14%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$664,000	–	4,376	–	0.13%	–
SIFI	New	SI FINL GROUP INC MD	$647,000	–	48,875	–	0.13%	–
WM	New	WASTE MGMT INC DEL	$588,000	–	8,875	–	0.12%	–
PG	New	PROCTER & GAMBLE CO	$472,000	–	5,570	–	0.09%	–
RGC	New	REGAL ENTMT GROUPcl a	$439,000	–	19,900	–	0.09%	–
SBBX	New	SUSSEX BANCORP	$395,000	–	29,534	–	0.08%	–
BWFG	New	BANKWELL FINL GROUP INC	$355,000	–	16,084	–	0.07%	–
WBBW	New	WESTBURY BANCORP INC	$313,000	–	16,052	–	0.06%	–
SBCP	New	SUNSHINE BANCORP INC	$251,000	–	17,750	–	0.05%	–
OCFC	New	OCEANFIRST FINL CORP	$190,000	–	10,455	–	0.04%	–
MELR	New	MELROSE BANCORP INC	$176,000	–	11,323	–	0.04%	–
PBBI	New	PB BANCORP INC	$137,000	–	16,287	–	0.03%	–
BCBP	New	BCB BANCORP INC	$102,000	–	10,000	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
SBCP	Exit	SUNSHINE BANCORP INC	$0	–	-13,750	–	-0.03%	–
NVSL	Exit	NAUGATUCK VY FINL CORP MD	$0	–	-20,800	–	-0.04%	–
LPSB	Exit	LAPORTE BANCORP INC MD	$0	–	-16,334	–	-0.04%	–
PBCP	Exit	POLONIA BACORP INC MD	$0	–	-19,486	–	-0.04%	–
BHBK	Exit	BLUE HILLS BANCORP INC	$0	–	-22,654	–	-0.05%	–
SBBX	Exit	SUSSEX BANCORP	$0	–	-29,534	–	-0.06%	–
RGC	Exit	REGAL ENTMT GROUPcl a	$0	–	-20,450	–	-0.07%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,570	–	-0.07%	–
ONE	Exit	HIGHER ONE HLDGS INC	$0	–	-211,062	–	-0.07%	–
MLVF	Exit	MALVERN BANCORP INC	$0	–	-27,877	–	-0.08%	–
WBBW	Exit	WESTBURY BANCORP INC	$0	–	-24,643	–	-0.08%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-8,875	–	-0.08%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-800	–	-0.09%	–
CSBK	Exit	CLIFTON BANCORP INC	$0	–	-40,671	–	-0.10%	–
SIFI	Exit	SI FINL GROUP INC MD	$0	–	-48,875	–	-0.10%	–
MSBF	Exit	MSB FINL CORP NEW	$0	–	-52,618	–	-0.10%	–
ASBB	Exit	ASB BANCORP INC N C	$0	–	-28,825	–	-0.12%	–
KRNY	Exit	KEARNY FINL CORP MD	$0	–	-68,497	–	-0.14%	–
RRD	Exit	DONNELLEY R R & SONS CO	$0	–	-54,650	–	-0.14%	–
BNCL	Exit	BENEFICIAL BANCORP INC	$0	–	-62,832	–	-0.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,216	–	-0.15%	–
CHEV	Exit	CHEVIOT FINL CORP NEW	$0	–	-63,200	–	-0.15%	–
INTC	Exit	INTEL CORP	$0	–	-29,237	–	-0.15%	–
PBIP	Exit	PRUDENTIAL BANCORP INC NEW	$0	–	-70,000	–	-0.17%	–
WSBF	Exit	WATERSTONE FINL INC MD	$0	–	-83,120	–	-0.19%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-530,212	–	-0.21%	–
FXCB	Exit	FOX CHASE BANCORP INC NEW	$0	–	-75,620	–	-0.23%	–
APOL	Exit	APOLLO ED GROUP INCcl a	$0	–	-136,972	–	-0.26%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-28,300	–	-0.26%	–
REX	Exit	REX AMERICAN RESOURCES CORP	$0	–	-37,000	–	-0.32%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-51,000	–	-0.33%	–
GPS	Exit	GAP INC DEL	$0	–	-68,500	–	-0.34%	–
ANGI	Exit	ANGIES LIST INC	$0	–	-394,800	–	-0.34%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-45,000	–	-0.35%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-79,500	–	-0.35%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-37,200	–	-0.36%	–
WNC	Exit	WABASH NATL CORP	$0	–	-207,000	–	-0.38%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-27,700	–	-0.38%	–
ARRS	Exit	ARRIS GROUP INC NEW	$0	–	-85,000	–	-0.38%	–
DOV	Exit	DOVER CORP	$0	–	-38,800	–	-0.38%	–
BKE	Exit	BUCKLE INC	$0	–	-60,400	–	-0.38%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-115,500	–	-0.39%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-53,000	–	-0.39%	–
DLX	Exit	DELUXE CORP	$0	–	-41,000	–	-0.39%	–
BCOR	Exit	BLUCORA INC	$0	–	-168,000	–	-0.40%	–
AGX	Exit	ARGAN INC	$0	–	-67,400	–	-0.40%	–
OUTR	Exit	OUTERWALL INC	$0	–	-41,200	–	-0.40%	–
MANT	Exit	MANTECH INTL CORPcl a	$0	–	-91,567	–	-0.40%	–
CA	Exit	CA INC	$0	–	-86,450	–	-0.41%	–
SNDK	Exit	SANDISK CORP	$0	–	-43,800	–	-0.41%	–
HI	Exit	HILLENBRAND INC	$0	–	-92,000	–	-0.41%	–
RPXC	Exit	RPX CORP	$0	–	-175,000	–	-0.41%	–
DXPE	Exit	DXP ENTERPRISES INC NEW	$0	–	-88,000	–	-0.41%	–
TSRA	Exit	TESSERA TECHNOLOGIES INC	$0	–	-75,000	–	-0.42%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-59,700	–	-0.42%	–
CPLA	Exit	CAPELLA EDUCATION COMPANY	$0	–	-50,000	–	-0.43%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-120,000	–	-0.43%	–
NTI	Exit	NORTHERN TIER ENERGY LP	$0	–	-110,000	–	-0.43%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-45,000	–	-0.43%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-33,849	–	-0.43%	–
SAFM	Exit	SANDERSON FARMS INC	$0	–	-37,000	–	-0.44%	–
CSCO	Exit	CISCO SYS INC	$0	–	-97,500	–	-0.44%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-99,600	–	-0.45%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-63,800	–	-0.45%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-27,000	–	-0.46%	–
PETS	Exit	PETMED EXPRESS INC	$0	–	-167,000	–	-0.46%	–
STRZA	Exit	STARZ	$0	–	-72,000	–	-0.46%	–
NSR	Exit	NEUSTAR INCcl a	$0	–	-99,000	–	-0.46%	–
EME	Exit	EMCOR GROUP INC	$0	–	-62,000	–	-0.47%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-270,000	–	-0.48%	–
HRB	Exit	BLOCK H & R INC	$0	–	-77,700	–	-0.48%	–
WU	Exit	WESTERN UN CO	$0	–	-155,000	–	-0.49%	–
CBZ	Exit	CBIZ INC	$0	–	-305,000	–	-0.52%	–
NDAQ	Exit	NASDAQ INC	$0	–	-57,000	–	-0.52%	–
IQNT	Exit	INTELIQUENT INC	$0	–	-137,000	–	-0.53%	–
TOWN	Exit	TOWNEBANK PORTSMOUTH VA	$0	–	-163,280	–	-0.53%	–
SHOO	Exit	MADDEN STEVEN LTD	$0	–	-85,000	–	-0.54%	–
ORCL	Exit	ORACLE CORP	$0	–	-88,000	–	-0.55%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-200,000	–	-0.55%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-100,000	–	-0.55%	–
EBIX	Exit	EBIX INC	$0	–	-128,000	–	-0.55%	–
SGBK	Exit	STONEGATE BK FT LAUDERDALE F	$0	–	-101,000	–	-0.55%	–
VA	Exit	VIRGIN AMER INC	$0	–	-94,000	–	-0.55%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-40,000	–	-0.56%	–
COMM	Exit	COMMSCOPE HLDG CO INC	$0	–	-110,000	–	-0.57%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-20,000	–	-0.57%	–
STRA	Exit	STRAYER ED INC	$0	–	-61,500	–	-0.58%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-42,204	–	-0.59%	–
ALDW	Exit	ALON USA PARTNERS LPut ltdpart int	$0	–	-176,000	–	-0.70%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-7,321	–	-0.76%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-192,300	–	-0.83%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-143,500	–	-0.92%	–
AAPL	Exit	APPLE INC	$0	–	-50,725	–	-0.96%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-155,000	–	-1.15%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-137,550	–	-1.44%	–
T	Exit	AT&T INC	$0	–	-260,000	–	-1.46%	–
AMFW	Exit	AMEC FOSTER WHEELER PLCsponsored adr	$0	–	-814,863	–	-1.52%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-255,736	–	-1.94%	–
BCO	Exit	BRINKS CO	$0	–	-450,000	–	-2.09%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-301,280	–	-2.29%	–
QCOM	Exit	QUALCOMM INC	$0	–	-302,000	–	-2.79%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-112,502	–	-2.80%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-2.83%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-440,045	–	-2.96%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-419,624	–	-3.14%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-2,004,500	–	-3.34%	–
PHG	Exit	KONINKLIJKE PHILIPS N Vny reg sh new	$0	–	-850,000	–	-3.43%	–
PFE	Exit	PFIZER INC	$0	–	-730,946	–	-3.95%	–
OI	Exit	OWENS ILL INC	$0	–	-1,200,000	–	-4.27%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-569,981	–	-6.56%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-3,086,970	–	-6.70%	–
TRR	Exit	TRC COS INC	$0	–	-5,568,257	–	-11.32%	–

Q3 2015

			Value		Shares		↓ Weighting
NWSA	Buy	NEWS CORP NEWcl a	$38,958,000	-2.4%	3,086,970	+12.9%	6.70%	+3.9%
MDT	Buy	MEDTRONIC PLC	$38,155,000	+12.8%	569,981	+24.9%	6.56%	+20.0%
OI	Buy	OWENS ILL INC	$24,864,000	+23.9%	1,200,000	+37.1%	4.27%	+31.8%
PHG	Buy	KONINKLIJKE PHILIPS N Vny reg sh new	$19,941,000	+4.4%	850,000	+13.3%	3.43%	+11.2%
VSH	Buy	VISHAY INTERTECHNOLOGY INC	$19,424,000	+7.3%	2,004,500	+29.3%	3.34%	+14.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$18,258,000	-26.9%	419,624	-21.7%	3.14%	-22.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$16,309,000	+46.4%	112,502	+64.2%	2.80%	+55.8%
MSFT	Buy	MICROSOFT CORP	$13,335,000	+9.1%	301,280	+8.8%	2.29%	+16.1%
BCO	Buy	BRINKS CO	$12,155,000	+2.7%	450,000	+11.9%	2.09%	+9.3%
EMR	New	EMERSON ELEC CO	$11,296,000	–	255,736	–	1.94%	–
AMFW	Sell	AMEC FOSTER WHEELER PLCsponsored adr	$8,874,000	-39.7%	814,863	-28.4%	1.52%	-35.8%
T	Sell	AT&T INC	$8,471,000	-23.1%	260,000	-16.1%	1.46%	-18.1%
VIAB	Sell	VIACOM INC NEWcl b	$6,688,000	-66.9%	155,000	-50.5%	1.15%	-64.8%
LUMN	Buy	CENTURYLINK INC	$4,831,000	+15.5%	192,300	+35.1%	0.83%	+23.0%
GOOG	Sell	GOOGLE INCcl c	$4,454,000	+6.7%	7,321	-8.7%	0.76%	+13.5%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$3,417,000	+5.6%	42,204	+15.9%	0.59%	+12.2%
MEI	New	METHODE ELECTRS INC	$3,190,000	–	100,000	–	0.55%	–
ORCL	Sell	ORACLE CORP	$3,179,000	-46.7%	88,000	-40.6%	0.55%	-43.4%
IQNT	Sell	INTELIQUENT INC	$3,059,000	-22.9%	137,000	-36.5%	0.53%	-17.9%
NDAQ	Sell	NASDAQ INC	$3,040,000	+0.5%	57,000	-8.1%	0.52%	+6.7%
BRCD	New	BROCADE COMMUNICATIONS SYS I	$2,803,000	–	270,000	–	0.48%	–
STRZA	Sell	STARZ	$2,688,000	-29.3%	72,000	-15.3%	0.46%	-24.8%
XOM	Sell	EXXON MOBIL CORP	$2,517,000	-14.9%	33,849	-4.8%	0.43%	-9.4%
FOSL	Buy	FOSSIL GROUP INC	$2,515,000	+13.3%	45,000	+40.6%	0.43%	+20.7%
PPC	New	PILGRIMS PRIDE CORP NEW	$2,494,000	–	120,000	–	0.43%	–
DXPE	Buy	DXP ENTERPRISES INC NEW	$2,401,000	-11.0%	88,000	+51.7%	0.41%	-5.3%
AGX	Sell	ARGAN INC	$2,337,000	-31.3%	67,400	-20.1%	0.40%	-26.9%
DOV	Buy	DOVER CORP	$2,219,000	-1.2%	38,800	+21.2%	0.38%	+5.0%
ANGI	Sell	ANGIES LIST INC	$1,990,000	-47.4%	394,800	-35.7%	0.34%	-44.0%
APOL	Buy	APOLLO ED GROUP INCcl a	$1,515,000	+16.4%	136,972	+35.7%	0.26%	+23.8%
WSBF	Buy	WATERSTONE FINL INC MD	$1,120,000	+21.0%	83,120	+18.5%	0.19%	+28.0%
BNCL	Sell	BENEFICIAL BANCORP INC	$833,000	-4.5%	62,832	-10.0%	0.14%	+1.4%
KRNY	Sell	KEARNY FINL CORP MD	$786,000	-7.6%	68,497	-10.2%	0.14%	-1.5%
MSBF	New	MSB FINL CORP NEW	$610,000	–	52,618	–	0.10%	–
ONE	Sell	HIGHER ONE HLDGS INC	$416,000	-39.8%	211,062	-8.7%	0.07%	-36.6%
BHBK	New	BLUE HILLS BANCORP INC	$314,000	–	22,654	–	0.05%	–
CNOB	Exit	CONNECTONE BANCORP INC NEW	$0	–	-10,276	–	-0.04%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-14,591	–	-0.09%	–
HAS	Exit	HASBRO INC	$0	–	-10,300	–	-0.12%	–
ANIK	Exit	ANIKA THERAPEUTICS INC	$0	–	-63,500	–	-0.34%	–
LQDT	Exit	LIQUIDITY SERVICES INC	$0	–	-269,700	–	-0.42%	–
CYNO	Exit	CYNOSURE INCcl a	$0	–	-78,000	–	-0.49%	–
AVP	Exit	AVON PRODS INC	$0	–	-700,000	–	-0.71%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-227,000	–	-0.92%	–

Q2 2015

			Value		Shares		↓ Weighting
TRR	New	TRC COS INC	$56,518,000	–	5,568,257	–	9.13%	–
NWSA	New	NEWS CORP NEWcl a	$39,904,000	–	2,735,000	–	6.44%	–
MDT	New	MEDTRONIC PLC	$33,829,000	–	456,526	–	5.46%	–
DDD	New	3-D SYS CORP DEL	$27,843,000	–	1,426,390	–	4.50%	–
VZ	New	VERIZON COMMUNICATIONS INC	$24,973,000	–	535,783	–	4.03%	–
PFE	New	PFIZER INC	$24,509,000	–	730,946	–	3.96%	–
VIAB	New	VIACOM INC NEWcl b	$20,232,000	–	313,000	–	3.27%	–
OI	New	OWENS ILL INC	$20,073,000	–	875,000	–	3.24%	–
PHG	New	KONINKLIJKE PHILIPS N Vny reg sh new	$19,095,000	–	750,000	–	3.08%	–
QCOM	New	QUALCOMM INC	$18,914,000	–	302,000	–	3.05%	–
BK	New	BANK NEW YORK MELLON CORP	$18,469,000	–	440,045	–	2.98%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$18,104,000	–	1,550,000	–	2.92%	–
AMFW	New	AMEC FOSTER WHEELER PLCsponsored adr	$14,707,000	–	1,138,280	–	2.38%	–
MSFT	New	MICROSOFT CORP	$12,222,000	–	276,830	–	1.97%	–
BCO	New	BRINKS CO	$11,832,000	–	402,025	–	1.91%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$11,143,000	–	68,502	–	1.80%	–
T	New	AT&T INC	$11,011,000	–	310,000	–	1.78%	–
JPM	New	JPMORGAN CHASE & CO	$9,320,000	–	137,550	–	1.50%	–
BEN	New	FRANKLIN RES INC	$7,036,000	–	143,500	–	1.14%	–
AAPL	New	APPLE INC	$6,362,000	–	50,725	–	1.03%	–
ORCL	New	ORACLE CORP	$5,968,000	–	148,100	–	0.96%	–
ICON	New	ICONIX BRAND GROUP INC	$5,668,000	–	227,000	–	0.92%	–
AVP	New	AVON PRODS INC	$4,382,000	–	700,000	–	0.71%	–
LUMN	New	CENTURYLINK INC	$4,181,000	–	142,300	–	0.68%	–
EBIX	New	EBIX INC	$4,174,000	–	128,000	–	0.67%	–
GOOG	New	GOOGLE INCcl c	$4,175,000	–	8,021	–	0.67%	–
IQNT	New	INTELIQUENT INC	$3,969,000	–	215,698	–	0.64%	–
STRZA	New	STARZ	$3,801,000	–	85,000	–	0.61%	–
ANGI	New	ANGIES LIST INC	$3,781,000	–	613,800	–	0.61%	–
ALDW	New	ALON USA PARTNERS LPut ltdpart int	$3,700,000	–	176,000	–	0.60%	–
SHOO	New	MADDEN STEVEN LTD	$3,636,000	–	85,000	–	0.59%	–
MAN	New	MANPOWERGROUP INC	$3,575,000	–	40,000	–	0.58%	–
AGX	New	ARGAN INC	$3,404,000	–	84,400	–	0.55%	–
COMM	New	COMMSCOPE HLDG CO INC	$3,356,000	–	110,000	–	0.54%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,237,000	–	36,400	–	0.52%	–
NOC	New	NORTHROP GRUMMAN CORP	$3,173,000	–	20,000	–	0.51%	–
GILD	New	GILEAD SCIENCES INC	$3,161,000	–	27,000	–	0.51%	–
WU	New	WESTERN UN CO	$3,151,000	–	155,000	–	0.51%	–
OUTR	New	OUTERWALL INC	$3,136,000	–	41,200	–	0.51%	–
NDAQ	New	NASDAQ OMX GROUP INC	$3,026,000	–	62,000	–	0.49%	–
CYNO	New	CYNOSURE INCcl a	$3,009,000	–	78,000	–	0.49%	–
SGBK	New	STONEGATE BK FT LAUDERDALE F	$2,997,000	–	101,000	–	0.48%	–
NCI	New	NAVIGANT CONSULTING INC	$2,974,000	–	200,000	–	0.48%	–
RPXC	New	RPX CORP	$2,958,000	–	175,000	–	0.48%	–
XOM	New	EXXON MOBIL CORP	$2,958,000	–	35,549	–	0.48%	–
EME	New	EMCOR GROUP INC	$2,962,000	–	62,000	–	0.48%	–
CBZ	New	CBIZ INC	$2,940,000	–	305,000	–	0.48%	–
NSR	New	NEUSTAR INCcl a	$2,892,000	–	99,000	–	0.47%	–
PETS	New	PETMED EXPRESS INC	$2,884,000	–	167,000	–	0.47%	–
TSRA	New	TESSERA TECHNOLOGIES INC	$2,849,000	–	75,000	–	0.46%	–
HI	New	HILLENBRAND INC	$2,824,000	–	92,000	–	0.46%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$2,814,000	–	59,700	–	0.45%	–
FLR	New	FLUOR CORP NEW	$2,810,000	–	53,000	–	0.45%	–
SAFM	New	SANDERSON FARMS INC	$2,781,000	–	37,000	–	0.45%	–
BKE	New	BUCKLE INC	$2,765,000	–	60,400	–	0.45%	–
GME	New	GAMESTOP CORP NEWcl a	$2,741,000	–	63,800	–	0.44%	–
BCOR	New	BLUCORA INC	$2,713,000	–	168,000	–	0.44%	–
DXPE	New	DXP ENTERPRISES INC NEW	$2,697,000	–	58,000	–	0.44%	–
SYMC	New	SYMANTEC CORP	$2,685,000	–	115,500	–	0.43%	–
CPLA	New	CAPELLA EDUCATION COMPANY	$2,684,000	–	50,000	–	0.43%	–
CSCO	New	CISCO SYS INC	$2,677,000	–	97,500	–	0.43%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$2,660,000	–	163,280	–	0.43%	–
MANT	New	MANTECH INTL CORPcl a	$2,655,000	–	91,567	–	0.43%	–
STRA	New	STRAYER ED INC	$2,651,000	–	61,500	–	0.43%	–
NTI	New	NORTHERN TIER ENERGY LP	$2,615,000	–	110,000	–	0.42%	–
GPS	New	GAP INC DEL	$2,615,000	–	68,500	–	0.42%	–
ARRS	New	ARRIS GROUP INC NEW	$2,601,000	–	85,000	–	0.42%	–
LQDT	New	LIQUIDITY SERVICES INC	$2,597,000	–	269,700	–	0.42%	–
WNC	New	WABASH NATL CORP	$2,596,000	–	207,000	–	0.42%	–
VA	New	VIRGIN AMER INC	$2,583,000	–	94,000	–	0.42%	–
BBBY	New	BED BATH & BEYOND INC	$2,566,000	–	37,200	–	0.41%	–
SNDK	New	SANDISK CORP	$2,550,000	–	43,800	–	0.41%	–
DLX	New	DELUXE CORP	$2,542,000	–	41,000	–	0.41%	–
CA	New	CA INC	$2,532,000	–	86,450	–	0.41%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$2,514,000	–	99,600	–	0.41%	–
NOV	New	NATIONAL OILWELL VARCO INC	$2,462,000	–	51,000	–	0.40%	–
HPQ	New	HEWLETT PACKARD CO	$2,386,000	–	79,500	–	0.38%	–
REX	New	REX AMERICAN RESOURCES CORP	$2,355,000	–	37,000	–	0.38%	–
HRB	New	BLOCK H & R INC	$2,304,000	–	77,700	–	0.37%	–
DOV	New	DOVER CORP	$2,246,000	–	32,000	–	0.36%	–
FOSL	New	FOSSIL GROUP INC	$2,220,000	–	32,000	–	0.36%	–
WDC	New	WESTERN DIGITAL CORP	$2,172,000	–	27,700	–	0.35%	–
STX	New	SEAGATE TECHNOLOGY PLC	$2,138,000	–	45,000	–	0.34%	–
ANIK	New	ANIKA THERAPEUTICS INC	$2,097,000	–	63,500	–	0.34%	–
MO	New	ALTRIA GROUP INC	$1,384,000	–	28,300	–	0.22%	–
APOL	New	APOLLO ED GROUP INCcl a	$1,301,000	–	100,972	–	0.21%	–
FXCB	New	FOX CHASE BANCORP INC NEW	$1,279,000	–	75,620	–	0.21%	–
DVD	New	DOVER MOTORSPORTS INC	$1,172,000	–	530,212	–	0.19%	–
PBIP	New	PRUDENTIAL BANCORP INC NEW	$1,015,000	–	70,000	–	0.16%	–
RRD	New	DONNELLEY R R & SONS CO	$953,000	–	54,650	–	0.15%	–
CHEV	New	CHEVIOT FINL CORP NEW	$934,000	–	63,200	–	0.15%	–
WSBF	New	WATERSTONE FINL INC MD	$926,000	–	70,120	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON	$898,000	–	9,216	–	0.14%	–
INTC	New	INTEL CORP	$889,000	–	29,237	–	0.14%	–
BNCL	New	BENEFICIAL BANCORP INC	$872,000	–	69,799	–	0.14%	–
KRNY	New	KEARNY FINL CORP MD	$851,000	–	76,261	–	0.14%	–
HAS	New	HASBRO INC	$770,000	–	10,300	–	0.12%	–
ONE	New	HIGHER ONE HLDGS INC	$691,000	–	231,062	–	0.11%	–
ASBB	New	ASB BANCORP INC N C	$624,000	–	28,825	–	0.10%	–
SIFI	New	SI FINL GROUP INC MD	$569,000	–	48,875	–	0.09%	–
CSBK	New	CLIFTON BANCORP INC	$569,000	–	40,671	–	0.09%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$532,000	–	14,591	–	0.09%	–
PG	New	PROCTER & GAMBLE CO	$436,000	–	5,570	–	0.07%	–
GOOGL	New	GOOGLE INCcl a	$432,000	–	800	–	0.07%	–
WBBW	New	WESTBURY BANCORP INC	$427,000	–	24,643	–	0.07%	–
RGC	New	REGAL ENTMT GROUPcl a	$428,000	–	20,450	–	0.07%	–
MLVF	New	MALVERN BANCORP INC	$414,000	–	27,877	–	0.07%	–
WM	New	WASTE MGMT INC DEL	$411,000	–	8,875	–	0.07%	–
SBBX	New	SUSSEX BANCORP	$356,000	–	29,534	–	0.06%	–
PBCP	New	POLONIA BACORP INC MD	$246,000	–	19,486	–	0.04%	–
LPSB	New	LAPORTE BANCORP INC MD	$221,000	–	16,334	–	0.04%	–
NVSL	New	NAUGATUCK VY FINL CORP MD	$221,000	–	20,800	–	0.04%	–
CNOB	New	CONNECTONE BANCORP INC NEW	$221,000	–	10,276	–	0.04%	–
SBCP	New	SUNSHINE BANCORP INC	$204,000	–	13,750	–	0.03%	–

Q4 2014

			Value		Shares		↓ Weighting
NVSL	Exit	NAUGATUCK VY FINL CORP MD	$0	–	-12,800	–	-0.02%	–
LPSB	Exit	LAPORTE BANCORP INC MD	$0	–	-13,334	–	-0.02%	–
PBCP	Exit	POLONIA BACORP INC MD	$0	–	-14,486	–	-0.02%	–
SBCP	Exit	SUNSHINE BANCORP INC	$0	–	-13,750	–	-0.03%	–
HBNK	Exit	HAMPDEN BANCORP INC	$0	–	-13,433	–	-0.04%	–
B101PS	Exit	COLONIAL FINL SVCS INC	$0	–	-19,131	–	-0.04%	–
ASBB	Exit	ASB BANCORP INC N C	$0	–	-13,489	–	-0.04%	–
ALLB	Exit	ALLIANCE BANCORP INC PA NEW	$0	–	-17,952	–	-0.05%	–
CSBK	Exit	CLIFTON BANCORP INC	$0	–	-23,671	–	-0.05%	–
NFBK	Exit	NORTHFIELD BANCORP INC DEL	$0	–	-25,534	–	-0.06%	–
WSBF	Exit	WATERSTONE FINL INC MD	$0	–	-34,189	–	-0.06%	–
RGC	Exit	REGAL ENTMT GROUPcl a	$0	–	-20,450	–	-0.06%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-9,200	–	-0.07%	–
THRD	Exit	TF FINL CORP	$0	–	-10,680	–	-0.07%	–
WBBW	Exit	WESTBURY BANCORP INC	$0	–	-29,995	–	-0.07%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-800	–	-0.07%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,570	–	-0.07%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-800	–	-0.08%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-15,000	–	-0.08%	–
SIFI	Exit	SI FINL GROUP INC MD	$0	–	-48,875	–	-0.09%	–
HAS	Exit	HASBRO INC	$0	–	-10,650	–	-0.09%	–
PBIP	Exit	PRUDENTIAL BANCORP INC NEW	$0	–	-54,000	–	-0.10%	–
CHEV	Exit	CHEVIOT FINL CORP NEW	$0	–	-63,200	–	-0.13%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,502	–	-0.14%	–
RRD	Exit	DONNELLEY R R & SONS CO	$0	–	-55,000	–	-0.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,216	–	-0.16%	–
FXCB	Exit	FOX CHASE BANCORP INC NEW	$0	–	-61,015	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-30,237	–	-0.17%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-500,000	–	-0.18%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-28,300	–	-0.21%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-20,000	–	-0.21%	–
PEIX	Exit	PACIFIC ETHANOL INC	$0	–	-100,000	–	-0.22%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-166,000	–	-0.25%	–
COH	Exit	COACH INC	$0	–	-47,000	–	-0.27%	–
OUTR	Exit	OUTERWALL INC	$0	–	-30,000	–	-0.27%	–
GCA	Exit	GLOBAL CASH ACCESS HLDGS INC	$0	–	-261,000	–	-0.28%	–
BCOR	Exit	BLUCORA INC	$0	–	-120,000	–	-0.29%	–
LQDT	Exit	LIQUIDITY SERVICES INC	$0	–	-135,000	–	-0.30%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-38,500	–	-0.30%	–
MANT	Exit	MANTECH INTL CORPcl a	$0	–	-70,067	–	-0.30%	–
APOL	Exit	APOLLO ED GROUP INCcl a	$0	–	-74,972	–	-0.30%	–
SPLS	Exit	STAPLES INC	$0	–	-160,000	–	-0.31%	–
NSR	Exit	NEUSTAR INCcl a	$0	–	-78,000	–	-0.31%	–
PFMT	Exit	PERFORMANT FINL CORP	$0	–	-248,000	–	-0.32%	–
TWX	Exit	TIME WARNER INC	$0	–	-27,000	–	-0.32%	–
IILG	Exit	INTERVAL LEISURE GROUP INC	$0	–	-107,000	–	-0.32%	–
PETS	Exit	PETMED EXPRESS INC	$0	–	-152,000	–	-0.33%	–
CACI	Exit	CACI INTL INCcl a	$0	–	-29,700	–	-0.34%	–
EGL	Exit	ENGILITY HLDGS INC	$0	–	-68,000	–	-0.34%	–
ANIK	Exit	ANIKA THERAPEUTICS INC	$0	–	-58,000	–	-0.34%	–
FRNK	Exit	FRANKLIN FINL CORP VA	$0	–	-114,629	–	-0.34%	–
HRB	Exit	BLOCK H & R INC	$0	–	-71,000	–	-0.35%	–
CSCO	Exit	CISCO SYS INC	$0	–	-89,000	–	-0.36%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-3,200	–	-0.36%	–
PETM	Exit	PETSMART INC	$0	–	-32,000	–	-0.36%	–
BKE	Exit	BUCKLE INC	$0	–	-50,000	–	-0.36%	–
CYNO	Exit	CYNOSURE INCcl a	$0	–	-108,000	–	-0.36%	–
WU	Exit	WESTERN UN CO	$0	–	-142,000	–	-0.36%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-40,000	–	-0.36%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-31,059	–	-0.36%	–
ANGI	Exit	ANGIES LIST INC	$0	–	-360,000	–	-0.37%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-110,208	–	-0.37%	–
AGX	Exit	ARGAN INC	$0	–	-69,400	–	-0.37%	–
DLX	Exit	DELUXE CORP	$0	–	-42,000	–	-0.37%	–
GCI	Exit	GANNETT INC	$0	–	-79,000	–	-0.37%	–
DHX	Exit	DICE HLDGS INC	$0	–	-287,000	–	-0.38%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-58,600	–	-0.38%	–
STRA	Exit	STRAYER ED INC	$0	–	-41,000	–	-0.39%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-40,500	–	-0.39%	–
IQNT	Exit	INTELIQUENT INC	$0	–	-198,698	–	-0.40%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-55,000	–	-0.40%	–
CA	Exit	CA INC	$0	–	-88,950	–	-0.40%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-106,500	–	-0.40%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOG	$0	–	-149,000	–	-0.40%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-236,000	–	-0.41%	–
SGBK	Exit	STONEGATE BK FT LAUDERDALE F	$0	–	-101,000	–	-0.42%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-74,000	–	-0.42%	–
STRZA	Exit	STARZ	$0	–	-80,000	–	-0.42%	–
CSC	Exit	COMPUTER SCIENCES CORP	$0	–	-44,000	–	-0.43%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-115,500	–	-0.43%	–
GPS	Exit	GAP INC DEL	$0	–	-65,000	–	-0.43%	–
TDC	Exit	TERADATA CORP DEL	$0	–	-65,000	–	-0.44%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-23,700	–	-0.45%	–
AOL	Exit	AOL INC	$0	–	-63,016	–	-0.45%	–
CNOB	Exit	CONNECTONE BANCORP INC NEW	$0	–	-149,107	–	-0.45%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-79,000	–	-0.46%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-44,400	–	-0.50%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-33,000	–	-0.51%	–
J105SC	Exit	CONVERSANT INC	$0	–	-95,000	–	-0.52%	–
SNDK	Exit	SANDISK CORP	$0	–	-34,000	–	-0.53%	–
VGR	Exit	VECTOR GROUP LTD	$0	–	-150,000	–	-0.53%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-40,365	–	-0.58%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-95,000	–	-0.58%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-39,150	–	-0.59%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-60,000	–	-0.74%	–
ORCL	Exit	ORACLE CORP	$0	–	-137,600	–	-0.84%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-93,800	–	-0.90%	–
AAPL	Exit	APPLE INC	$0	–	-57,225	–	-0.92%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-147,300	–	-0.96%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-450,000	–	-1.03%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-80,160	–	-1.11%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-119,000	–	-1.25%	–
KBR	Exit	KBR INC	$0	–	-500,000	–	-1.50%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-95,000	–	-1.54%	–
TRK	Exit	SPEEDWAY MOTORSPORTS INC	$0	–	-735,000	–	-2.00%	–
T	Exit	AT&T INC	$0	–	-400,000	–	-2.25%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-404,800	–	-2.29%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-1,000,000	–	-2.61%	–
PFE	Exit	PFIZER INC	$0	–	-573,579	–	-2.70%	–
TGT	Exit	TARGET CORP	$0	–	-302,500	–	-3.02%	–
NDAQ	Exit	NASDAQ OMX GROUP INC	$0	–	-529,000	–	-3.58%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-325,616	–	-3.73%	–
MDT	Exit	MEDTRONIC INC	$0	–	-380,000	–	-3.76%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-557,178	–	-4.12%	–
FWLT	Exit	FOSTER WHEELER AG	$0	–	-1,008,200	–	-5.08%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-662,650	–	-5.28%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-878,855	–	-5.43%	–
TRR	Exit	TRC COS INC	$0	–	-5,568,257	–	-5.80%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,426,390	–	-10.55%	–

Q3 2014

			Value		Shares		↓ Weighting
FWLT	Buy	FOSTER WHEELER AG	$31,879,000	+0.3%	1,008,200	+8.0%	5.08%	+12.1%
MSFT	Sell	MICROSOFT CORP	$25,831,000	+10.5%	557,178	-0.6%	4.12%	+23.5%
MDT	Buy	MEDTRONIC INC	$23,541,000	+154.6%	380,000	+162.1%	3.76%	+184.7%
NDAQ	Sell	NASDAQ OMX GROUP INC	$22,440,000	-12.8%	529,000	-20.6%	3.58%	-2.5%
TGT	Sell	TARGET CORP	$18,961,000	-45.7%	302,500	-49.8%	3.02%	-39.3%
NWSA	Sell	NEWS CORP NEWcl a	$16,350,000	-13.2%	1,000,000	-4.8%	2.61%	-3.0%
ADT	Sell	THE ADT CORPORATION	$14,354,000	-32.1%	404,800	-33.1%	2.29%	-24.0%
T	Buy	AT&T INC	$14,096,000	+99.3%	400,000	+100.0%	2.25%	+122.8%
TRK	Buy	SPEEDWAY MOTORSPORTS INC	$12,539,000	-0.6%	735,000	+6.4%	2.00%	+11.1%
KBR	New	KBR INC	$9,415,000	–	500,000	–	1.50%	–
BBBY	Buy	BED BATH & BEYOND INC	$7,834,000	+25.3%	119,000	+9.2%	1.25%	+40.1%
F113PS	Sell	COVIDIEN PLC	$6,935,000	-52.7%	80,160	-50.7%	1.11%	-47.1%
VSH	Sell	VISHAY INTERTECHNOLOGY INC	$6,431,000	-36.1%	450,000	-30.8%	1.03%	-28.6%
AAPL	Sell	APPLE INC	$5,765,000	-3.4%	57,225	-10.9%	0.92%	+8.0%
JPM	Sell	JPMORGAN CHASE & CO	$5,651,000	-78.4%	93,800	-79.3%	0.90%	-75.8%
ORCL	Buy	ORACLE CORP	$5,267,000	+4.3%	137,600	+10.4%	0.84%	+16.5%
VIAB	Buy	VIACOM INC NEWcl b	$4,616,000	+71.7%	60,000	+93.5%	0.74%	+91.7%
XOM	Buy	EXXON MOBIL CORP	$3,682,000	-6.0%	39,150	+0.6%	0.59%	+5.0%
MNKKQ	New	MALLINCKRODT PUB LTD CO	$3,639,000	–	40,365	–	0.58%	–
J105SC	New	CONVERSANT INC	$3,254,000	–	95,000	–	0.52%	–
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$3,136,000	+0.5%	44,400	-1.3%	0.50%	+12.4%
ICON	Sell	ICONIX BRAND GROUP INC	$2,918,000	-23.7%	79,000	-11.2%	0.46%	-14.7%
CNOB	New	CONNECTONE BANCORP INC NEW	$2,840,000	–	149,107	–	0.45%	–
LLL	Buy	L-3 COMMUNICATIONS HLDGS INC	$2,818,000	+58.8%	23,700	+61.2%	0.45%	+77.5%
TDC	New	TERADATA CORP DEL	$2,725,000	–	65,000	–	0.44%	–
BAH	Buy	BOOZ ALLEN HAMILTON HLDG CORcl a	$2,703,000	+19.5%	115,500	+8.5%	0.43%	+33.4%
BRCD	Sell	BROCADE COMMUNICATIONS SYS I	$2,565,000	-8.9%	236,000	-22.9%	0.41%	+1.7%
CA	Buy	CA INC	$2,485,000	+15.4%	88,950	+18.7%	0.40%	+29.0%
NUS	New	NU SKIN ENTERPRISES INCcl a	$2,477,000	–	55,000	–	0.40%	–
IQNT	New	INTELIQUENT INC	$2,474,000	–	198,698	–	0.40%	–
DLX	Sell	DELUXE CORP	$2,317,000	-23.9%	42,000	-19.2%	0.37%	-14.9%
ANGI	New	ANGIES LIST INC	$2,293,000	–	360,000	–	0.37%	–
STX	Sell	SEAGATE TECHNOLOGY PLC	$2,291,000	-21.7%	40,000	-22.3%	0.36%	-12.5%
CYNO	New	CYNOSURE INCcl a	$2,268,000	–	108,000	–	0.36%	–
HRB	New	BLOCK H & R INC	$2,202,000	–	71,000	–	0.35%	–
ANIK	New	ANIKA THERAPEUTICS INC	$2,126,000	–	58,000	–	0.34%	–
TWX	Sell	TIME WARNER INC	$2,031,000	-47.0%	27,000	-50.5%	0.32%	-40.7%
LQDT	Buy	LIQUIDITY SERVICES INC	$1,856,000	+7.0%	135,000	+22.7%	0.30%	+19.8%
PEIX	New	PACIFIC ETHANOL INC	$1,396,000	–	100,000	–	0.22%	–
IAC	Sell	IAC INTERACTIVECORP	$1,318,000	-13.3%	20,000	-8.9%	0.21%	-3.2%
FXCB	Sell	FOX CHASE BANCORP INC NEW	$995,000	-26.1%	61,015	-23.6%	0.16%	-17.2%
JNJ	Sell	JOHNSON & JOHNSON	$982,000	-89.5%	9,216	-89.7%	0.16%	-88.2%
PBIP	Buy	PRUDENTIAL BANCORP INC NEW	$660,000	+19.6%	54,000	+12.5%	0.10%	+32.9%
WSBF	Buy	WATERSTONE FINL INC MD	$395,000	+73.2%	34,189	+70.9%	0.06%	+90.9%
CSBK	New	CLIFTON BANCORP INC	$298,000	–	23,671	–	0.05%	–
ALLB	Buy	ALLIANCE BANCORP INC PA NEW	$287,000	+25.9%	17,952	+27.8%	0.05%	+39.4%
B101PS	Sell	COLONIAL FINL SVCS INC	$254,000	-27.0%	19,131	-30.4%	0.04%	-18.0%
HBNK	New	HAMPDEN BANCORP INC	$231,000	–	13,433	–	0.04%	–
SBCP	New	SUNSHINE BANCORP INC	$163,000	–	13,750	–	0.03%	–
PBCP	New	POLONIA BACORP INC MD	$149,000	–	14,486	–	0.02%	–
OSHC	Exit	OCEAN SHORE HLDG CO NEW	$0	–	-14,122	–	-0.03%	–
FSTR	Exit	FOSTER L B CO	$0	–	-4,000	–	-0.03%	–
BDBD	Exit	BOULDER BRANDS INC	$0	–	-40,000	–	-0.08%	–
DXCM	Exit	DEXCOM INC	$0	–	-15,000	–	-0.08%	–
OSTK	Exit	OVERSTOCK COM INC DEL	$0	–	-45,000	–	-0.10%	–
AVAV	Exit	AEROVIRONMENT INC	$0	–	-25,000	–	-0.11%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD	$0	–	-25,000	–	-0.12%	–
FSM	Exit	FORTUNA SILVER MINES INC	$0	–	-200,000	–	-0.16%	–
RP	Exit	REALPAGE INC	$0	–	-50,000	–	-0.16%	–
WAIR	Exit	WESCO AIRCRAFT HLDGS INC	$0	–	-65,000	–	-0.18%	–
TYPE	Exit	MONOTYPE IMAGING HOLDINGS IN	$0	–	-47,000	–	-0.19%	–
MED	Exit	MEDIFAST INC	$0	–	-45,000	–	-0.20%	–
SGY	Exit	STONE ENERGY CORP	$0	–	-30,000	–	-0.20%	–
MSG	Exit	MADISON SQUARE GARDEN COcl a	$0	–	-25,000	–	-0.22%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-75,000	–	-0.23%	–
AEIS	Exit	ADVANCED ENERGY INDS	$0	–	-95,000	–	-0.26%	–
NSP	Exit	INSPERITY INC	$0	–	-66,621	–	-0.31%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-25,000	–	-0.32%	–
LO	Exit	LORILLARD INC	$0	–	-41,100	–	-0.36%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-28,700	–	-0.38%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-160,000	–	-0.40%	–
SCHL	Exit	SCHOLASTIC CORP	$0	–	-95,360	–	-0.46%	–
MWW	Exit	MONSTER WORLDWIDE INC	$0	–	-500,000	–	-0.47%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-30,000	–	-0.58%	–
QCOR	Exit	QUESTCOR PHARMACEUTICALS INC	$0	–	-45,000	–	-0.59%	–
CNBC	Exit	CENTER BANCORP INC	$0	–	-388,871	–	-1.07%	–

Q2 2014

			Value		Shares		↓ Weighting
DDD	New	3-D SYS CORP DEL	$85,298,000	–	1,426,390	–	12.17%	–
TGT	New	TARGET CORP	$34,915,000	–	602,500	–	4.98%	–
TRR	New	TRC COS INC	$34,635,000	–	5,568,257	–	4.94%	–
BK	New	BANK NEW YORK MELLON CORP	$32,939,000	–	878,855	–	4.70%	–
VZ	New	VERIZON COMMUNICATIONS INC	$32,423,000	–	662,650	–	4.63%	–
FWLT	New	FOSTER WHEELER AG	$31,794,000	–	933,200	–	4.54%	–
JPM	New	JPMORGAN CHASE & CO	$26,144,000	–	453,733	–	3.73%	–
NDAQ	New	NASDAQ OMX GROUP INC	$25,721,000	–	666,000	–	3.67%	–
MSFT	New	MICROSOFT CORP	$23,380,000	–	560,678	–	3.34%	–
DD	New	DU PONT E I DE NEMOURS & CO	$21,308,000	–	325,616	–	3.04%	–
ADT	New	THE ADT CORPORATION	$21,132,000	–	604,800	–	3.02%	–
NWSA	New	NEWS CORP NEWcl a	$18,837,000	–	1,050,000	–	2.69%	–
PFE	New	PFIZER INC	$17,024,000	–	573,579	–	2.43%	–
F113PS	New	COVIDIEN PLC	$14,652,000	–	162,475	–	2.09%	–
TRK	New	SPEEDWAY MOTORSPORTS INC	$12,613,000	–	691,100	–	1.80%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$10,069,000	–	650,000	–	1.44%	–
LH	New	LABORATORY CORP AMER HLDGS	$9,728,000	–	95,000	–	1.39%	–
JNJ	New	JOHNSON & JOHNSON	$9,336,000	–	89,236	–	1.33%	–
MDT	New	MEDTRONIC INC	$9,245,000	–	145,000	–	1.32%	–
CNBC	New	CENTER BANCORP INC	$7,478,000	–	388,871	–	1.07%	–
T	New	AT&T INC	$7,072,000	–	200,000	–	1.01%	–
BBBY	New	BED BATH & BEYOND INC	$6,254,000	–	109,000	–	0.89%	–
AAPL	New	APPLE INC	$5,968,000	–	64,225	–	0.85%	–
LUMN	New	CENTURYLINK INC	$5,332,000	–	147,300	–	0.76%	–
ORCL	New	ORACLE CORP	$5,050,000	–	124,600	–	0.72%	–
QCOR	New	QUESTCOR PHARMACEUTICALS INC	$4,162,000	–	45,000	–	0.59%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$4,100,000	–	30,000	–	0.58%	–
XOM	New	EXXON MOBIL CORP	$3,916,000	–	38,900	–	0.56%	–
TWX	New	TIME WARNER INC	$3,829,000	–	54,500	–	0.55%	–
ICON	New	ICONIX BRAND GROUP INC	$3,822,000	–	89,000	–	0.54%	–
MYGN	New	MYRIAD GENETICS INC	$3,697,000	–	95,000	–	0.53%	–
SNDK	New	SANDISK CORP	$3,551,000	–	34,000	–	0.51%	–
MWW	New	MONSTER WORLDWIDE INC	$3,270,000	–	500,000	–	0.47%	–
SCHL	New	SCHOLASTIC CORP	$3,251,000	–	95,360	–	0.46%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,120,000	–	45,000	–	0.44%	–
VGR	New	VECTOR GROUP LTD	$3,102,000	–	150,000	–	0.44%	–
DLX	New	DELUXE CORP	$3,046,000	–	52,000	–	0.44%	–
WDC	New	WESTERN DIGITAL CORP	$3,046,000	–	33,000	–	0.44%	–
STX	New	SEAGATE TECHNOLOGY PLC	$2,926,000	–	51,500	–	0.42%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$2,815,000	–	306,000	–	0.40%	–
NCI	New	NAVIGANT CONSULTING INC	$2,792,000	–	160,000	–	0.40%	–
CSC	New	COMPUTER SCIENCES CORP	$2,781,000	–	44,000	–	0.40%	–
GPS	New	GAP INC DEL	$2,702,000	–	65,000	–	0.39%	–
VIAB	New	VIACOM INC NEWcl b	$2,689,000	–	31,000	–	0.38%	–
CHE	New	CHEMED CORP NEW	$2,690,000	–	28,700	–	0.38%	–
EGL	New	ENGILITY HLDGS INC	$2,602,000	–	68,000	–	0.37%	–
AGX	New	ARGAN INC	$2,588,000	–	69,400	–	0.37%	–
SGBK	New	STONEGATE BK FT LAUDERDALE F	$2,545,000	–	101,000	–	0.36%	–
LO	New	LORILLARD INC	$2,506,000	–	41,100	–	0.36%	–
CRUS	New	CIRRUS LOGIC INC	$2,506,000	–	110,208	–	0.36%	–
AOL	New	AOL INC	$2,507,000	–	63,016	–	0.36%	–
PFMT	New	PERFORMANT FINL CORP	$2,505,000	–	248,000	–	0.36%	–
HPQ	New	HEWLETT PACKARD CO	$2,492,000	–	74,000	–	0.36%	–
FRNK	New	FRANKLIN FINL CORP VA	$2,487,000	–	114,629	–	0.36%	–
GCI	New	GANNETT INC	$2,473,000	–	79,000	–	0.35%	–
WU	New	WESTERN UN CO	$2,462,000	–	142,000	–	0.35%	–
SYMC	New	SYMANTEC CORP	$2,439,000	–	106,500	–	0.35%	–
USNA	New	USANA HEALTH SCIENCES INC	$2,427,000	–	31,059	–	0.35%	–
SWHC	New	SMITH & WESSON HLDG CORP	$2,414,000	–	166,000	–	0.34%	–
STRZA	New	STARZ	$2,383,000	–	80,000	–	0.34%	–
DGX	New	QUEST DIAGNOSTICS INC	$2,377,000	–	40,500	–	0.34%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$2,371,000	–	149,000	–	0.34%	–
GME	New	GAMESTOP CORP NEWcl a	$2,372,000	–	58,600	–	0.34%	–
IILG	New	INTERVAL LEISURE GROUP INC	$2,348,000	–	107,000	–	0.34%	–
APOL	New	APOLLO ED GROUP INCcl a	$2,343,000	–	74,972	–	0.33%	–
GCA	New	GLOBAL CASH ACCESS HLDGS INC	$2,323,000	–	261,000	–	0.33%	–
GHC	New	GRAHAM HLDGS CO	$2,298,000	–	3,200	–	0.33%	–
RGR	New	STURM RUGER & CO INC	$2,272,000	–	38,500	–	0.32%	–
SYNA	New	SYNAPTICS INC	$2,266,000	–	25,000	–	0.32%	–
BCOR	New	BLUCORA INC	$2,264,000	–	120,000	–	0.32%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$2,262,000	–	106,500	–	0.32%	–
BKE	New	BUCKLE INC	$2,218,000	–	50,000	–	0.32%	–
CSCO	New	CISCO SYS INC	$2,212,000	–	89,000	–	0.32%	–
NSP	New	INSPERITY INC	$2,198,000	–	66,621	–	0.31%	–
DHX	New	DICE HLDGS INC	$2,184,000	–	287,000	–	0.31%	–
STRA	New	STRAYER ED INC	$2,153,000	–	41,000	–	0.31%	–
CA	New	CA INC	$2,154,000	–	74,950	–	0.31%	–
CACI	New	CACI INTL INCcl a	$2,085,000	–	29,700	–	0.30%	–
MANT	New	MANTECH INTL CORPcl a	$2,068,000	–	70,067	–	0.30%	–
PETS	New	PETMED EXPRESS INC	$2,049,000	–	152,000	–	0.29%	–
NSR	New	NEUSTAR INCcl a	$2,030,000	–	78,000	–	0.29%	–
PETM	New	PETSMART INC	$1,914,000	–	32,000	–	0.27%	–
AEIS	New	ADVANCED ENERGY INDS	$1,829,000	–	95,000	–	0.26%	–
OUTR	New	OUTERWALL INC	$1,781,000	–	30,000	–	0.25%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$1,775,000	–	14,700	–	0.25%	–
SPLS	New	STAPLES INC	$1,734,000	–	160,000	–	0.25%	–
LQDT	New	LIQUIDITY SERVICES INC	$1,734,000	–	110,000	–	0.25%	–
SXC	New	SUNCOKE ENERGY INC	$1,613,000	–	75,000	–	0.23%	–
COH	New	COACH INC	$1,607,000	–	47,000	–	0.23%	–
MSG	New	MADISON SQUARE GARDEN COcl a	$1,561,000	–	25,000	–	0.22%	–
IAC	New	IAC INTERACTIVECORP	$1,520,000	–	21,949	–	0.22%	–
DVD	New	DOVER MOTORSPORTS INC	$1,445,000	–	500,000	–	0.21%	–
SGY	New	STONE ENERGY CORP	$1,404,000	–	30,000	–	0.20%	–
MED	New	MEDIFAST INC	$1,368,000	–	45,000	–	0.20%	–
FXCB	New	FOX CHASE BANCORP INC NEW	$1,346,000	–	79,827	–	0.19%	–
TYPE	New	MONOTYPE IMAGING HOLDINGS IN	$1,324,000	–	47,000	–	0.19%	–
WAIR	New	WESCO AIRCRAFT HLDGS INC	$1,297,000	–	65,000	–	0.18%	–
MO	New	ALTRIA GROUP INC	$1,187,000	–	28,300	–	0.17%	–
RP	New	REALPAGE INC	$1,124,000	–	50,000	–	0.16%	–
FSM	New	FORTUNA SILVER MINES INC	$1,102,000	–	200,000	–	0.16%	–
INTC	New	INTEL CORP	$934,000	–	30,237	–	0.13%	–
RRD	New	DONNELLEY R R & SONS CO	$933,000	–	55,000	–	0.13%	–
SODA	New	SODASTREAM INTERNATIONAL LTD	$840,000	–	25,000	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$816,000	–	4,502	–	0.12%	–
AVAV	New	AEROVIRONMENT INC	$795,000	–	25,000	–	0.11%	–
CHEV	New	CHEVIOT FINL CORP NEW	$787,000	–	63,200	–	0.11%	–
OSTK	New	OVERSTOCK COM INC DEL	$710,000	–	45,000	–	0.10%	–
DXCM	New	DEXCOM INC	$595,000	–	15,000	–	0.08%	–
BDBD	New	BOULDER BRANDS INC	$567,000	–	40,000	–	0.08%	–
HAS	New	HASBRO INC	$565,000	–	10,650	–	0.08%	–
SIFI	New	SI FINL GROUP INC MD	$563,000	–	48,875	–	0.08%	–
PBIP	New	PRUDENTIAL BANCORP INC NEW	$552,000	–	48,000	–	0.08%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$501,000	–	15,000	–	0.07%	–
GOOGL	New	GOOGLE INCcl a	$468,000	–	800	–	0.07%	–
GOOG	New	GOOGLE INCcl c	$460,000	–	800	–	0.07%	–
WBBW	New	WESTBURY BANCORP INC	$453,000	–	29,995	–	0.06%	–
THRD	New	TF FINL CORP	$457,000	–	10,680	–	0.06%	–
PG	New	PROCTER & GAMBLE CO	$438,000	–	5,570	–	0.06%	–
RGC	New	REGAL ENTMT GROUPcl a	$431,000	–	20,450	–	0.06%	–
WM	New	WASTE MGMT INC DEL	$412,000	–	9,200	–	0.06%	–
B101PS	New	COLONIAL FINL SVCS INC	$348,000	–	27,504	–	0.05%	–
NFBK	New	NORTHFIELD BANCORP INC DEL	$335,000	–	25,534	–	0.05%	–
ASBB	New	ASB BANCORP INC N C	$283,000	–	13,489	–	0.04%	–
ALLB	New	ALLIANCE BANCORP INC PA NEW	$228,000	–	14,052	–	0.03%	–
WSBF	New	WATERSTONE FINL INC MD	$228,000	–	20,000	–	0.03%	–
FSTR	New	FOSTER L B CO	$216,000	–	4,000	–	0.03%	–
OSHC	New	OCEAN SHORE HLDG CO NEW	$207,000	–	14,122	–	0.03%	–
LPSB	New	LAPORTE BANCORP INC MD	$147,000	–	13,334	–	0.02%	–
NVSL	New	NAUGATUCK VY FINL CORP MD	$107,000	–	12,800	–	0.02%	–

Q4 2013

			Value		Shares		↓ Weighting
ALLB	Exit	ALLIANCE BANCORP INC PA NEW	$0	–	-11,000	–	-0.02%	–
ANVGQ	Exit	ALLIED NEVADA GOLD CORP	$0	–	-50,000	–	-0.03%	–
WBBW	Exit	WESTBURY BANCORP INC	$0	–	-16,995	–	-0.04%	–
7101PS	Exit	PEOPLES FED BANCSHARES INC	$0	–	-16,287	–	-0.04%	–
THRD	Exit	TF FINL CORP	$0	–	-10,680	–	-0.04%	–
B101PS	Exit	COLONIAL FINL SVCS INC	$0	–	-27,504	–	-0.06%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-9,200	–	-0.06%	–
RGC	Exit	REGAL ENTMT GROUPcl a	$0	–	-20,450	–	-0.06%	–
OSHC	Exit	OCEAN SHORE HLDG CO NEW	$0	–	-27,122	–	-0.06%	–
CHEV	Exit	CHEVIOT FINL CORP NEW	$0	–	-37,900	–	-0.06%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,570	–	-0.06%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,350	–	-0.06%	–
CHFN	Exit	CHARTER FINL CORP MD	$0	–	-42,202	–	-0.07%	–
HAS	Exit	HASBRO INC	$0	–	-10,650	–	-0.08%	–
NFBK	Exit	NORTHFIELD BANCORP INC DEL	$0	–	-44,500	–	-0.08%	–
SIFI	Exit	SI FINL GROUP INC MD	$0	–	-48,875	–	-0.08%	–
AVAV	Exit	AEROVIRONMENT INC	$0	–	-25,000	–	-0.09%	–
OBAF	Exit	OBA FINL SVCS INC	$0	–	-34,260	–	-0.10%	–
DVD	Exit	DOVER MOTORSPORTS INC	$0	–	-289,318	–	-0.10%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-800	–	-0.11%	–
INTC	Exit	INTEL CORP	$0	–	-30,962	–	-0.11%	–
AG	Exit	FIRST MAJESTIC SILVER CORP	$0	–	-60,000	–	-0.11%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-9,000	–	-0.11%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-32,768	–	-0.12%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,502	–	-0.13%	–
RRD	Exit	DONNELLEY R R & SONS CO	$0	–	-55,000	–	-0.13%	–
TUC	Exit	MAC-GRAY CORP	$0	–	-62,486	–	-0.14%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-20,800	–	-0.16%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-25,000	–	-0.17%	–
DXCM	Exit	DEXCOM INC	$0	–	-40,000	–	-0.17%	–
AEIS	Exit	ADVANCED ENERGY INDS	$0	–	-65,000	–	-0.17%	–
WAIR	Exit	WESCO AIRCRAFT HLDGS INC	$0	–	-55,000	–	-0.17%	–
RP	Exit	REALPAGE INC	$0	–	-50,000	–	-0.18%	–
CMLS	Exit	CUMULUS MEDIA INCcl a	$0	–	-225,000	–	-0.18%	–
MED	Exit	MEDIFAST INC	$0	–	-45,000	–	-0.18%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-13,200	–	-0.19%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD	$0	–	-20,000	–	-0.19%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-75,000	–	-0.19%	–
FXCB	Exit	FOX CHASE BANCORP INC NEW	$0	–	-77,380	–	-0.20%	–
TYPE	Exit	MONOTYPE IMAGING HOLDINGS IN	$0	–	-47,000	–	-0.20%	–
BDBD	Exit	BOULDER BRANDS INC	$0	–	-91,000	–	-0.22%	–
FRNK	Exit	FRANKLIN FINL CORP VA	$0	–	-80,505	–	-0.23%	–
DHX	Exit	DICE HLDGS INC	$0	–	-187,000	–	-0.24%	–
NTI	Exit	NORTHERN TIER ENERGY LP	$0	–	-82,000	–	-0.24%	–
CSCO	Exit	CISCO SYS INC	$0	–	-70,000	–	-0.25%	–
STRA	Exit	STRAYER ED INC	$0	–	-41,000	–	-0.26%	–
CSGS	Exit	CSG SYS INTL INC	$0	–	-68,000	–	-0.26%	–
DELL	Exit	DELL INC	$0	–	-128,251	–	-0.27%	–
PNR	Exit	PENTAIR LTD	$0	–	-27,718	–	-0.27%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-55,000	–	-0.28%	–
AOL	Exit	AOL INC	$0	–	-53,016	–	-0.28%	–
LO	Exit	LORILLARD INC	$0	–	-41,100	–	-0.28%	–
VCI	Exit	VALASSIS COMMUNICATIONS INC	$0	–	-63,900	–	-0.28%	–
UNTD	Exit	UNITED ONLINE INC	$0	–	-237,000	–	-0.29%	–
SPLS	Exit	STAPLES INC	$0	–	-130,000	–	-0.29%	–
SPPI	Exit	SPECTRUM PHARMACEUTICALS INC	$0	–	-230,000	–	-0.29%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-46,000	–	-0.29%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-62,300	–	-0.30%	–
WU	Exit	WESTERN UN CO	$0	–	-107,000	–	-0.30%	–
MDP	Exit	MEREDITH CORP	$0	–	-42,000	–	-0.30%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-67,000	–	-0.30%	–
MANT	Exit	MANTECH INTL CORPcl a	$0	–	-70,067	–	-0.30%	–
CACI	Exit	CACI INTL INCcl a	$0	–	-29,200	–	-0.31%	–
RPXC	Exit	RPX CORP	$0	–	-115,000	–	-0.31%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-33,000	–	-0.31%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-28,700	–	-0.31%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-106,500	–	-0.31%	–
APOL	Exit	APOLLO GROUP INCcl a	$0	–	-99,972	–	-0.32%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-125,000	–	-0.32%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-191,000	–	-0.32%	–
MD	Exit	MEDNAX INC	$0	–	-20,900	–	-0.32%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NE	$0	–	-150,000	–	-0.32%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-85,000	–	-0.32%	–
GCI	Exit	GANNETT INC	$0	–	-79,000	–	-0.32%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-102,000	–	-0.32%	–
DLX	Exit	DELUXE CORP	$0	–	-52,000	–	-0.33%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-10,375	–	-0.33%	–
MWW	Exit	MONSTER WORLDWIDE INC	$0	–	-500,000	–	-0.34%	–
VCLK	Exit	VALUECLICK INC	$0	–	-106,000	–	-0.34%	–
CA	Exit	CA INC	$0	–	-74,950	–	-0.34%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOG	$0	–	-119,000	–	-0.34%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-51,500	–	-0.34%	–
VG	Exit	VONAGE HLDGS CORP	$0	–	-720,000	–	-0.34%	–
BLC	Exit	BELO CORP	$0	–	-165,645	–	-0.34%	–
GCA	Exit	GLOBAL CASH ACCESS HLDGS INC	$0	–	-291,000	–	-0.34%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-24,000	–	-0.35%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-296,000	–	-0.36%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-160,000	–	-0.38%	–
BPI	Exit	BRIDGEPOINT ED INC	$0	–	-137,100	–	-0.38%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-110,208	–	-0.38%	–
NSP	Exit	INSPERITY INC	$0	–	-66,621	–	-0.38%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-40,000	–	-0.40%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-43,500	–	-0.41%	–
ENDP	Exit	ENDO HEALTH SOLUTIONS INC	$0	–	-61,000	–	-0.42%	–
REV	Exit	REVLON INCcl a new	$0	–	-100,000	–	-0.42%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-32,059	–	-0.42%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-58,600	–	-0.44%	–
QCOR	Exit	QUESTCOR PHARMACEUTICALS INC	$0	–	-55,000	–	-0.48%	–
AAPL	Exit	APPLE INC	$0	–	-7,075	–	-0.51%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-39,650	–	-0.52%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-40,000	–	-0.53%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-39,000	–	-0.57%	–
ORCL	Exit	ORACLE CORP	$0	–	-158,600	–	-0.80%	–
CNBC	Exit	CENTER BANCORP INC	$0	–	-388,871	–	-0.84%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-351,417	–	-0.86%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-130,595	–	-1.04%	–
SCHL	Exit	SCHOLASTIC CORP	$0	–	-317,000	–	-1.38%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-152,760	–	-1.41%	–
TRK	Exit	SPEEDWAY MOTORSPORTS INC	$0	–	-579,121	–	-1.57%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-391,850	–	-1.87%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-367,215	–	-1.95%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-131,135	–	-2.14%	–
NDAQ	Exit	NASDAQ OMX GROUP INC	$0	–	-460,000	–	-2.24%	–
DNB	Exit	DUN & BRADSTREET CORP DEL NE	$0	–	-142,590	–	-2.24%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-154,000	–	-2.32%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-177,236	–	-2.33%	–
PFE	Exit	PFIZER INC	$0	–	-573,579	–	-2.50%	–
VOD	Exit	VODAFONE GROUP PLC NEWspons adr new	$0	–	-487,500	–	-2.60%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-278,000	–	-2.60%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-563,678	–	-2.84%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-325,616	–	-2.89%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-596,400	–	-3.68%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-504,733	–	-3.96%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-878,855	–	-4.02%	–
FWLT	Exit	FOSTER WHEELER AG	$0	–	-1,035,200	–	-4.13%	–
TRR	Exit	TRC COS INC	$0	–	-5,568,257	–	-6.25%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-1,976,390	–	-16.18%	–

Q3 2013

			Value		Shares		↓ Weighting
FWLT	Buy	FOSTER WHEELER AG	$27,267,000	+219.4%	1,035,200	+163.3%	4.13%	+180.8%
JPM	Buy	JPMORGAN CHASE & CO	$26,090,000	-0.6%	504,733	+1.5%	3.96%	-12.6%
ADT	New	THE ADT CORPORATION	$24,250,000	–	596,400	–	3.68%	–
DD	Buy	DU PONT E I DE NEMOURS & CO	$19,068,000	+35.2%	325,616	+21.2%	2.89%	+18.9%
MSFT	Buy	MICROSOFT CORP	$18,759,000	-0.7%	563,678	+3.1%	2.84%	-12.7%
DGX	Buy	QUEST DIAGNOSTICS INC	$17,178,000	+14.6%	278,000	+12.4%	2.60%	+0.7%
VOD	Sell	VODAFONE GROUP PLC NEWspons adr new	$17,150,000	-29.2%	487,500	-42.1%	2.60%	-37.7%
PFE	Buy	PFIZER INC	$16,476,000	+2.8%	573,579	+0.2%	2.50%	-9.6%
JNJ	Sell	JOHNSON & JOHNSON	$15,365,000	-0.2%	177,236	-1.1%	2.33%	-12.3%
LH	Sell	LABORATORY CORP AMER HLDGS	$15,268,000	-1.1%	154,000	-0.2%	2.32%	-13.1%
DNB	Sell	DUN & BRADSTREET CORP DEL NE	$14,808,000	+2.9%	142,590	-3.5%	2.24%	-9.5%
NDAQ	Buy	NASDAQ OMX GROUP INC	$14,771,000	+14.3%	460,000	+16.8%	2.24%	+0.5%
TRK	Buy	SPEEDWAY MOTORSPORTS INC	$10,366,000	+59.4%	579,121	+54.9%	1.57%	+40.0%
F113PS	Sell	COVIDIEN PLC	$9,309,000	-40.2%	152,760	-38.3%	1.41%	-47.4%
SCHL	Buy	SCHOLASTIC CORP	$9,089,000	+210.0%	317,000	+216.7%	1.38%	+172.3%
NWSA	New	NEWS CORP NEWcl a	$5,644,000	–	351,417	–	0.86%	–
ORCL	Buy	ORACLE CORP	$5,261,000	+31.8%	158,600	+22.0%	0.80%	+16.0%
GD	Sell	GENERAL DYNAMICS CORP	$3,501,000	-68.1%	40,000	-71.4%	0.53%	-71.9%
GME	Sell	GAMESTOP CORP NEWcl a	$2,909,000	-8.4%	58,600	-22.5%	0.44%	-19.5%
REV	Sell	REVLON INCcl a new	$2,777,000	-15.1%	100,000	-32.5%	0.42%	-25.4%
ENDP	Buy	ENDO HEALTH SOLUTIONS INC	$2,772,000	+34.6%	61,000	+8.9%	0.42%	+18.3%
RGR	Buy	STURM RUGER & CO INC	$2,724,000	+41.7%	43,500	+8.8%	0.41%	+24.8%
NSP	Buy	INSPERITY INC	$2,505,000	+35.3%	66,621	+9.0%	0.38%	+19.1%
CRUS	New	CIRRUS LOGIC INC	$2,497,000	–	110,208	–	0.38%	–
NCI	New	NAVIGANT CONSULTING INC	$2,474,000	–	160,000	–	0.38%	–
BRCD	Buy	BROCADE COMMUNICATIONS SYS I	$2,383,000	+51.6%	296,000	+8.4%	0.36%	+33.2%
NOC	Buy	NORTHROP GRUMMAN CORP	$2,286,000	+25.5%	24,000	+9.1%	0.35%	+10.5%
VG	New	VONAGE HLDGS CORP	$2,261,000	–	720,000	–	0.34%	–
IGT	Buy	INTERNATIONAL GAME TECHNOLOG	$2,253,000	+23.7%	119,000	+9.2%	0.34%	+8.9%
STX	Buy	SEAGATE TECHNOLOGY PLC	$2,254,000	+7.0%	51,500	+9.6%	0.34%	-5.8%
CA	Buy	CA INC	$2,224,000	+25.4%	74,950	+21.0%	0.34%	+10.1%
MWW	New	MONSTER WORLDWIDE INC	$2,210,000	–	500,000	–	0.34%	–
VCLK	Buy	VALUECLICK INC	$2,211,000	-3.8%	106,000	+14.0%	0.34%	-15.4%
CF	Buy	CF INDS HLDGS INC	$2,187,000	+35.7%	10,375	+10.4%	0.33%	+19.4%
DLX	New	DELUXE CORP	$2,166,000	–	52,000	–	0.33%	–
SWHC	Buy	SMITH & WESSON HLDG CORP	$2,099,000	+20.1%	191,000	+9.1%	0.32%	+5.6%
AEO	New	AMERICAN EAGLE OUTFITTERS NE	$2,099,000	–	150,000	–	0.32%	–
ATVI	Buy	ACTIVISION BLIZZARD INC	$2,085,000	+27.1%	125,000	+8.7%	0.32%	+11.7%
APOL	Buy	APOLLO GROUP INCcl a	$2,080,000	+30.5%	99,972	+11.1%	0.32%	+14.5%
BAH	Buy	BOOZ ALLEN HAMILTON HLDG CORcl a	$2,058,000	+20.8%	106,500	+8.7%	0.31%	+6.1%
CHE	Buy	CHEMED CORP NEW	$2,052,000	+8.1%	28,700	+9.5%	0.31%	-4.9%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$2,039,000	+65.1%	33,000	+65.0%	0.31%	+45.1%
CACI	Buy	CACI INTL INCcl a	$2,018,000	+19.1%	29,200	+9.4%	0.31%	+4.8%
MANT	Buy	MANTECH INTL CORPcl a	$2,015,000	+21.4%	70,067	+10.2%	0.30%	+6.6%
WNR	Buy	WESTERN REFNG INC	$2,013,000	+17.6%	67,000	+9.8%	0.30%	+3.4%
LUMN	Buy	CENTURYLINK INC	$1,955,000	+91.3%	62,300	+115.6%	0.30%	+68.2%
HFC	Buy	HOLLYFRONTIER CORP	$1,937,000	+7.8%	46,000	+9.5%	0.29%	-5.2%
VCI	Buy	VALASSIS COMMUNICATIONS INC	$1,845,000	+30.8%	63,900	+11.3%	0.28%	+15.2%
LO	Buy	LORILLARD INC	$1,840,000	+15.1%	41,100	+12.3%	0.28%	+1.1%
AOL	Buy	AOL INC	$1,833,000	+4.6%	53,016	+10.4%	0.28%	-7.9%
ICON	Buy	ICONIX BRAND GROUP INC	$1,828,000	+77.6%	55,000	+57.1%	0.28%	+56.5%
PNR	Sell	PENTAIR LTD	$1,800,000	-16.3%	27,718	-25.6%	0.27%	-26.4%
DELL	Buy	DELL INC	$1,764,000	+14.8%	128,251	+11.3%	0.27%	+0.8%
STRA	Buy	STRAYER ED INC	$1,702,000	-5.0%	41,000	+11.7%	0.26%	-16.5%
NTI	Buy	NORTHERN TIER ENERGY LP	$1,617,000	-9.0%	82,000	+10.8%	0.24%	-19.9%
DHX	Buy	DICE HLDGS INC	$1,591,000	+4.1%	187,000	+12.7%	0.24%	-8.7%
FRNK	Buy	FRANKLIN FINL CORP VA	$1,526,000	+44.4%	80,505	+37.2%	0.23%	+26.9%
BDBD	Sell	BOULDER BRANDS INC	$1,460,000	+20.0%	91,000	-9.9%	0.22%	+5.2%
FXCB	Buy	FOX CHASE BANCORP INC NEW	$1,346,000	+65.4%	77,380	+61.7%	0.20%	+45.7%
SODA	New	SODASTREAM INTERNATIONAL LTD	$1,247,000	–	20,000	–	0.19%	–
LLL	Sell	L-3 COMMUNICATIONS HLDGS INC	$1,247,000	-82.2%	13,200	-83.9%	0.19%	-84.4%
CMLS	Sell	CUMULUS MEDIA INCcl a	$1,190,000	+40.3%	225,000	-10.0%	0.18%	+23.3%
RP	New	REALPAGE INC	$1,156,000	–	50,000	–	0.18%	–
AEIS	New	ADVANCED ENERGY INDS	$1,138,000	–	65,000	–	0.17%	–
DXCM	Sell	DEXCOM INC	$1,129,000	+11.8%	40,000	-11.1%	0.17%	-1.7%
CAH	Sell	CARDINAL HEALTH INC	$1,085,000	+9.5%	20,800	-1.0%	0.16%	-4.1%
TUC	New	MAC-GRAY CORP	$910,000	–	62,486	–	0.14%	–
CHFN	Sell	CHARTER FINL CORP MD	$456,000	-4.2%	42,202	-10.6%	0.07%	-15.9%
CHEV	Buy	CHEVIOT FINL CORP NEW	$412,000	+19.8%	37,900	+24.7%	0.06%	+5.1%
THRD	Buy	TF FINL CORP	$298,000	+35.5%	10,680	+23.0%	0.04%	+18.4%
7101PS	Buy	PEOPLES FED BANCSHARES INC	$284,000	+30.3%	16,287	+34.7%	0.04%	+13.2%
WBBW	New	WESTBURY BANCORP INC	$242,000	–	16,995	–	0.04%	–
HBOS	Exit	HERITAGE FINL GROUP INC	$0	–	-19,964	–	-0.05%	–
LIFE	Exit	LIFE TECHNOLOGIES CORP	$0	–	-5,000	–	-0.06%	–
RENT	Exit	RENTRAK CORP	$0	–	-52,000	–	-0.18%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-43,000	–	-0.20%	–
SAI	Exit	SAIC INC	$0	–	-91,000	–	-0.22%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-106,000	–	-0.27%	–
CSTR	Exit	COINSTAR INC	$0	–	-28,000	–	-0.28%	–
BCOR	Exit	BLUCORA INC	$0	–	-91,000	–	-0.29%	–
EXPR	Exit	EXPRESS INC	$0	–	-84,000	–	-0.30%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-128,300	–	-0.32%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-45,000	–	-0.33%	–
AET	Exit	AETNA INC NEW	$0	–	-32,000	–	-0.35%	–
UBNT	Exit	UBIQUITI NETWORKS INC	$0	–	-168,000	–	-0.51%	–
CENTA	Exit	CENTRAL GARDEN & PET COcl a non-vtg	$0	–	-520,531	–	-0.62%	–
CENT	Exit	CENTRAL GARDEN & PET CO	$0	–	-703,370	–	-0.86%	–

Q2 2013

			Value		Shares		↓ Weighting
DDD	New	3-D SYS CORP DEL	$86,764,000	–	1,976,390	–	14.96%	–
TRR	New	TRC COS INC	$38,978,000	–	5,568,257	–	6.72%	–
JPM	New	JPMORGAN CHASE & CO	$26,249,000	–	497,233	–	4.53%	–
BK	New	BANK NEW YORK MELLON CORP	$24,652,000	–	878,855	–	4.25%	–
VOD	New	VODAFONE GROUP PLC NEWspons adr new	$24,218,000	–	842,500	–	4.18%	–
MSFT	New	MICROSOFT CORP	$18,885,000	–	546,678	–	3.26%	–
PFE	New	PFIZER INC	$16,027,000	–	572,179	–	2.76%	–
F113PS	New	COVIDIEN PLC	$15,569,000	–	247,760	–	2.68%	–
LH	New	LABORATORY CORP AMER HLDGS	$15,444,000	–	154,285	–	2.66%	–
JNJ	New	JOHNSON & JOHNSON	$15,394,000	–	179,296	–	2.66%	–
DGX	New	QUEST DIAGNOSTICS INC	$14,994,000	–	247,300	–	2.59%	–
DNB	New	DUN & BRADSTREET CORP DEL NE	$14,393,000	–	147,700	–	2.48%	–
DD	New	DU PONT E I DE NEMOURS & CO	$14,102,000	–	268,616	–	2.43%	–
NDAQ	New	NASDAQ OMX GROUP INC	$12,919,000	–	394,000	–	2.23%	–
UTX	New	UNITED TECHNOLOGIES CORP	$12,188,000	–	131,135	–	2.10%	–
TYC	New	TYCO INTERNATIONAL LTD	$12,100,000	–	367,215	–	2.09%	–
MDLZ	New	MONDELEZ INTL INCcl a	$11,179,000	–	391,850	–	1.93%	–
GD	New	GENERAL DYNAMICS CORP	$10,966,000	–	140,000	–	1.89%	–
FWLT	New	FOSTER WHEELER AG	$8,536,000	–	393,200	–	1.47%	–
KRFT	New	KRAFT FOODS GROUP INC	$7,296,000	–	130,595	–	1.26%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$7,022,000	–	81,900	–	1.21%	–
TRK	New	SPEEDWAY MOTORSPORTS INC	$6,504,000	–	373,766	–	1.12%	–
CENT	New	CENTRAL GARDEN & PET CO	$4,994,000	–	703,370	–	0.86%	–
CNBC	New	CENTER BANCORP INC	$4,935,000	–	388,871	–	0.85%	–
ORCL	New	ORACLE CORP	$3,992,000	–	130,000	–	0.69%	–
CENTA	New	CENTRAL GARDEN & PET COcl a non-vtg	$3,592,000	–	520,531	–	0.62%	–
XOM	New	EXXON MOBIL CORP	$3,582,000	–	39,650	–	0.62%	–
REV	New	REVLON INCcl a new	$3,270,000	–	148,233	–	0.56%	–
GME	New	GAMESTOP CORP NEWcl a	$3,177,000	–	75,600	–	0.55%	–
UBNT	New	UBIQUITI NETWORKS INC	$2,947,000	–	168,000	–	0.51%	–
SCHL	New	SCHOLASTIC CORP	$2,932,000	–	100,100	–	0.51%	–
AAPL	New	APPLE INC	$2,805,000	–	7,075	–	0.48%	–
HPQ	New	HEWLETT PACKARD CO	$2,530,000	–	102,000	–	0.44%	–
QCOR	New	QUESTCOR PHARMACEUTICALS INC	$2,499,000	–	55,000	–	0.43%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$2,384,000	–	39,000	–	0.41%	–
USNA	New	USANA HEALTH SCIENCES INC	$2,320,000	–	32,059	–	0.40%	–
BLC	New	BELO CORP	$2,311,000	–	165,645	–	0.40%	–
VCLK	New	VALUECLICK INC	$2,298,000	–	93,000	–	0.40%	–
PNR	New	PENTAIR LTD	$2,150,000	–	37,273	–	0.37%	–
STX	New	SEAGATE TECHNOLOGY PLC	$2,107,000	–	47,000	–	0.36%	–
SPLS	New	STAPLES INC	$2,063,000	–	130,000	–	0.36%	–
ENDP	New	ENDO HEALTH SOLUTIONS INC	$2,060,000	–	56,000	–	0.36%	–
AET	New	AETNA INC NEW	$2,033,000	–	32,000	–	0.35%	–
DECK	New	DECKERS OUTDOOR CORP	$2,020,000	–	40,000	–	0.35%	–
MDP	New	MEREDITH CORP	$2,003,000	–	42,000	–	0.34%	–
GCI	New	GANNETT INC	$1,932,000	–	79,000	–	0.33%	–
RPXC	New	RPX CORP	$1,932,000	–	115,000	–	0.33%	–
FIS	New	FIDELITY NATL INFORMATION SV	$1,928,000	–	45,000	–	0.33%	–
RGR	New	STURM RUGER & CO INC	$1,922,000	–	40,000	–	0.33%	–
MD	New	MEDNAX INC	$1,914,000	–	20,900	–	0.33%	–
SYMC	New	SYMANTEC CORP	$1,911,000	–	85,000	–	0.33%	–
CHE	New	CHEMED CORP NEW	$1,898,000	–	26,200	–	0.33%	–
IPG	New	INTERPUBLIC GROUP COS INC	$1,867,000	–	128,300	–	0.32%	–
NSP	New	INSPERITY INC	$1,852,000	–	61,121	–	0.32%	–
WU	New	WESTERN UN CO	$1,831,000	–	107,000	–	0.32%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$1,821,000	–	109,000	–	0.31%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,822,000	–	22,000	–	0.31%	–
GCA	New	GLOBAL CASH ACCESS HLDGS INC	$1,822,000	–	291,000	–	0.31%	–
HFC	New	HOLLYFRONTIER CORP	$1,797,000	–	42,000	–	0.31%	–
UNTD	New	UNITED ONLINE INC	$1,796,000	–	237,000	–	0.31%	–
STRA	New	STRAYER ED INC	$1,792,000	–	36,700	–	0.31%	–
NTI	New	NORTHERN TIER ENERGY LP	$1,777,000	–	74,000	–	0.31%	–
CA	New	CA INC	$1,773,000	–	61,950	–	0.31%	–
EXPR	New	EXPRESS INC	$1,761,000	–	84,000	–	0.30%	–
AOL	New	AOL INC	$1,752,000	–	48,016	–	0.30%	–
SWHC	New	SMITH & WESSON HLDG CORP	$1,747,000	–	175,000	–	0.30%	–
SPPI	New	SPECTRUM PHARMACEUTICALS INC	$1,716,000	–	230,000	–	0.30%	–
WNR	New	WESTERN REFNG INC	$1,712,000	–	61,000	–	0.30%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$1,703,000	–	98,000	–	0.29%	–
CSCO	New	CISCO SYS INC	$1,703,000	–	70,000	–	0.29%	–
CACI	New	CACI INTL INCcl a	$1,695,000	–	26,700	–	0.29%	–
BCOR	New	BLUCORA INC	$1,687,000	–	91,000	–	0.29%	–
BPI	New	BRIDGEPOINT ED INC	$1,670,000	–	137,100	–	0.29%	–
MANT	New	MANTECH INTL CORPcl a	$1,660,000	–	63,567	–	0.29%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,640,000	–	115,000	–	0.28%	–
CSTR	New	COINSTAR INC	$1,643,000	–	28,000	–	0.28%	–
CF	New	CF INDS HLDGS INC	$1,612,000	–	9,400	–	0.28%	–
LO	New	LORILLARD INC	$1,599,000	–	36,600	–	0.28%	–
APOL	New	APOLLO GROUP INCcl a	$1,594,000	–	89,972	–	0.28%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$1,572,000	–	273,000	–	0.27%	–
PBI	New	PITNEY BOWES INC	$1,556,000	–	106,000	–	0.27%	–
DELL	New	DELL INC	$1,536,000	–	115,251	–	0.26%	–
DHX	New	DICE HLDGS INC	$1,529,000	–	166,000	–	0.26%	–
CSGS	New	CSG SYS INTL INC	$1,481,000	–	68,000	–	0.26%	–
VCI	New	VALASSIS COMMUNICATIONS INC	$1,411,000	–	57,400	–	0.24%	–
SAI	New	SAIC INC	$1,268,000	–	91,000	–	0.22%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$1,235,000	–	20,000	–	0.21%	–
BDBD	New	BOULDER BRANDS INC	$1,217,000	–	101,000	–	0.21%	–
TYPE	New	MONOTYPE IMAGING HOLDINGS IN	$1,194,000	–	47,000	–	0.21%	–
MED	New	MEDIFAST INC	$1,159,000	–	45,000	–	0.20%	–
MYGN	New	MYRIAD GENETICS INC	$1,155,000	–	43,000	–	0.20%	–
FRNK	New	FRANKLIN FINL CORP VA	$1,057,000	–	58,672	–	0.18%	–
SXC	New	SUNCOKE ENERGY INC	$1,052,000	–	75,000	–	0.18%	–
RENT	New	RENTRAK CORP	$1,044,000	–	52,000	–	0.18%	–
ICON	New	ICONIX BRAND GROUP INC	$1,029,000	–	35,000	–	0.18%	–
WAIR	New	WESCO AIRCRAFT HLDGS INC	$1,021,000	–	55,000	–	0.18%	–
LUMN	New	CENTURYLINK INC	$1,022,000	–	28,900	–	0.18%	–
DXCM	New	DEXCOM INC	$1,010,000	–	45,000	–	0.17%	–
CAH	New	CARDINAL HEALTH INC	$991,000	–	21,000	–	0.17%	–
SYNA	New	SYNAPTICS INC	$964,000	–	25,000	–	0.17%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$860,000	–	4,502	–	0.15%	–
CMLS	New	CUMULUS MEDIA INCcl a	$848,000	–	250,000	–	0.15%	–
FXCB	New	FOX CHASE BANCORP INC NEW	$814,000	–	47,867	–	0.14%	–
RRD	New	DONNELLEY R R & SONS CO	$771,000	–	55,000	–	0.13%	–
GE	New	GENERAL ELECTRIC CO	$760,000	–	32,768	–	0.13%	–
INTC	New	INTEL CORP	$750,000	–	30,962	–	0.13%	–
GOOGL	New	GOOGLE INCcl a	$704,000	–	800	–	0.12%	–
AG	New	FIRST MAJESTIC SILVER CORP	$635,000	–	60,000	–	0.11%	–
OBAF	New	OBA FINL SVCS INC	$632,000	–	34,260	–	0.11%	–
DVD	New	DOVER MOTORSPORTS INC	$625,000	–	289,318	–	0.11%	–
VIAB	New	VIACOM INC NEWcl b	$612,000	–	9,000	–	0.11%	–
SIFI	New	SI FINL GROUP INC MD	$540,000	–	48,875	–	0.09%	–
NFBK	New	NORTHFIELD BANCORP INC DEL	$522,000	–	44,500	–	0.09%	–
AVAV	New	AEROVIRONMENT INC	$505,000	–	25,000	–	0.09%	–
HAS	New	HASBRO INC	$477,000	–	10,650	–	0.08%	–
CHFN	New	CHARTER FINL CORP MD	$476,000	–	47,202	–	0.08%	–
PG	New	PROCTER & GAMBLE CO	$429,000	–	5,570	–	0.07%	–
OSHC	New	OCEAN SHORE HLDG CO NEW	$375,000	–	27,122	–	0.06%	–
B101PS	New	COLONIAL FINL SVCS INC	$371,000	–	27,504	–	0.06%	–
LIFE	New	LIFE TECHNOLOGIES CORP	$370,000	–	5,000	–	0.06%	–
WM	New	WASTE MGMT INC DEL	$371,000	–	9,200	–	0.06%	–
LMT	New	LOCKHEED MARTIN CORP	$363,000	–	3,350	–	0.06%	–
RGC	New	REGAL ENTMT GROUPcl a	$366,000	–	20,450	–	0.06%	–
CHEV	New	CHEVIOT FINL CORP NEW	$344,000	–	30,400	–	0.06%	–
ANVGQ	New	ALLIED NEVADA GOLD CORP	$324,000	–	50,000	–	0.06%	–
HBOS	New	HERITAGE FINL GROUP INC	$294,000	–	19,964	–	0.05%	–
THRD	New	TF FINL CORP	$220,000	–	8,680	–	0.04%	–
7101PS	New	PEOPLES FED BANCSHARES INC	$218,000	–	12,087	–	0.04%	–
ALLB	New	ALLIANCE BANCORP INC PA NEW	$151,000	–	11,000	–	0.03%	–

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