Palouse Capital Management, Inc. Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$4,504,702	-12.4%	59,288	-2.7%	3.34%	-7.0%
BKR	Sell	BAKER HUGHES COMPANYcl a	$4,321,543	+10.1%	122,354	-1.5%	3.21%	+16.9%
MSFT	Sell	MICROSOFT CORP	$4,291,990	-8.4%	13,592	-1.2%	3.19%	-2.7%
BIL	Sell	SPDR SER TRbloomberg 1-3 mo	$4,071,758	-18.7%	44,345	-19.0%	3.02%	-13.6%
TSN	Sell	TYSON FOODS INCcl a	$4,015,015	-2.7%	79,521	-1.7%	2.98%	+3.3%
DVN	Buy	DEVON ENERGY CORP NEW	$3,977,321	+4.4%	83,382	+5.8%	2.95%	+10.9%
EOG	Sell	EOG RES INC	$3,692,139	+9.1%	29,127	-1.5%	2.74%	+15.9%
BLK	Buy	BLACKROCK INC	$3,421,225	+24.0%	5,292	+32.6%	2.54%	+31.7%
PFE	Sell	PFIZER INC	$3,303,732	-10.7%	99,600	-1.3%	2.45%	-5.2%
PFF	Buy	ISHARES TRpfd and incm sec	$3,153,811	+14.1%	104,604	+17.1%	2.34%	+21.2%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$3,044,234	-17.1%	36,471	-1.5%	2.26%	-12.0%
TGT	Buy	TARGET CORP	$2,993,240	+24.3%	27,071	+48.3%	2.22%	+32.0%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$2,871,731	+15.9%	276,128	+20.1%	2.13%	+23.1%
ERIC	Buy	ERICSSONadr b sek 10	$2,791,356	+8.8%	574,353	+22.0%	2.07%	+15.6%
C	Buy	CITIGROUP INC	$2,785,735	-0.8%	67,729	+11.0%	2.07%	+5.3%
NEM	Sell	NEWMONT CORP	$2,774,206	-14.6%	75,080	-1.4%	2.06%	-9.3%
IVZ	Sell	INVESCO LTD	$2,510,987	-15.0%	172,933	-1.6%	1.86%	-9.7%
NTAP	Sell	NETAPP INC	$2,453,049	-21.5%	32,328	-20.9%	1.82%	-16.6%
UNH	Buy	UNITEDHEALTH GROUP INC	$2,442,801	+5.9%	4,845	+1.0%	1.81%	+12.5%
NXPI	Buy	NXP SEMICONDUCTORS N V	$2,366,853	-1.5%	11,839	+0.8%	1.76%	+4.6%
AVGO	Sell	BROADCOM INC	$2,357,186	-20.1%	2,838	-16.6%	1.75%	-15.1%
QCOM	New	QUALCOMM INC	$2,313,935	–	20,835	–	1.72%	–
KEY	New	KEYCORP	$2,302,812	–	214,016	–	1.71%	–
MDT	Sell	MEDTRONIC INC PLC	$2,282,313	-12.8%	29,126	-1.9%	1.69%	-7.3%
APD	Sell	AIR PRODS & CHEMS INC	$2,277,686	-7.5%	8,037	-2.2%	1.69%	-1.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,200,417	-14.7%	14,117	-1.9%	1.63%	-9.4%
KHC	Sell	KRAFT HEINZ CO	$2,169,679	-6.9%	64,497	-1.8%	1.61%	-1.1%
CMCSA	Buy	COMCAST CORP NEWcl a	$2,007,227	+8.5%	45,269	+1.7%	1.49%	+15.2%
AAPL	Sell	APPLE INC	$1,929,023	-25.0%	11,267	-15.0%	1.43%	-20.3%
AMLP	Sell	ALPS ETF TRalerian mlp	$1,872,752	+4.0%	44,378	-3.4%	1.39%	+10.4%
GS	Buy	GOLDMAN SACHS GROUP INC	$1,839,172	+1.1%	5,684	+0.7%	1.36%	+7.3%
IP	Sell	INTERNATIONAL PAPER CO	$1,837,204	+9.3%	51,796	-1.9%	1.36%	+16.2%
LRCX	Buy	LAM RESEARCH CORP	$1,832,049	-1.6%	2,923	+1.0%	1.36%	+4.5%
	New	KENVUE INC	$1,818,385	–	90,557	–	1.35%	–
GLW	Sell	CORNING INC	$1,807,816	-14.6%	59,331	-1.8%	1.34%	-9.3%
T	Buy	AT&T INC	$1,789,963	+20.1%	119,172	+27.5%	1.33%	+27.5%
FDX	Sell	FEDEX CORP	$1,787,150	-7.2%	6,746	-13.2%	1.33%	-1.4%
HD	Sell	HOME DEPOT INC	$1,774,586	-7.1%	5,873	-4.5%	1.32%	-1.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,745,411	+9.8%	13,338	+0.4%	1.30%	+16.7%
CVS	Sell	CVS HEALTH CORP	$1,735,097	-0.7%	24,851	-1.7%	1.29%	+5.5%
IPG	Sell	INTERPUBLIC GROUP COS INC	$1,719,715	-27.0%	60,004	-1.7%	1.28%	-22.4%
FB	Buy	META PLATFORMS INCcl a	$1,715,700	+5.0%	5,715	+0.4%	1.27%	+11.6%
LOW	Buy	LOWES COS INC	$1,648,171	-6.2%	7,930	+1.9%	1.22%	-0.4%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,584,668	-8.9%	3,707	-5.5%	1.18%	-3.3%
EWBC	Buy	EAST WEST BANCORP INC	$1,445,414	+21.0%	27,422	+21.2%	1.07%	+28.5%
EBAY	Buy	EBAY INC	$1,397,653	+0.2%	31,700	+1.5%	1.04%	+6.4%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$1,331,733	+13.4%	2,631	+16.9%	0.99%	+20.6%
AMD	Buy	ADVANCED MICRO DEVICES INC	$1,272,603	-8.7%	12,377	+1.1%	0.94%	-3.0%
FISV	Buy	FISERV INC	$1,230,360	-9.9%	10,892	+0.6%	0.91%	-4.4%
WHR	Sell	WHIRLPOOL CORP	$1,188,192	-12.2%	8,887	-2.3%	0.88%	-6.8%
APTV	Sell	APTIV PLC	$1,107,659	-53.4%	11,235	-51.8%	0.82%	-50.5%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$1,105,243	-25.7%	15,357	+1.2%	0.82%	-21.1%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$1,067,531	-2.5%	10,020	-17.7%	0.79%	+3.5%
REGN	Buy	REGENERON PHARMACEUTICALS	$1,064,910	+14.9%	1,294	+0.3%	0.79%	+21.9%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$1,056,086	-1.2%	3,037	+0.0%	0.78%	+5.0%
EA	Buy	ELECTRONIC ARTS INC	$982,946	-5.2%	8,164	+2.1%	0.73%	+0.7%
PYPL	Sell	PAYPAL HLDGS INC	$977,451	-13.3%	16,720	-1.0%	0.73%	-7.9%
JNJ	Sell	JOHNSON & JOHNSON	$963,002	-67.2%	6,183	-65.1%	0.72%	-65.1%
DIS	Buy	DISNEY WALT CO	$932,804	-8.8%	11,509	+0.4%	0.69%	-3.2%
AMZN	Buy	AMAZON COM INC	$898,738	-2.1%	7,070	+0.4%	0.67%	+4.1%
LQD	Sell	ISHARES TRiboxx inv cp etf	$790,859	-13.0%	7,752	-1.2%	0.59%	-7.6%
CSCO	Sell	CISCO SYS INC	$729,577	-70.1%	13,571	-71.2%	0.54%	-68.2%
BDX	Buy	BECTON DICKINSON & CO	$694,412	-1.9%	2,686	+0.2%	0.52%	+4.0%
VRP	Sell	INVESCO EXCH TRADED FD TR IIvar rate pfd	$646,157	-0.4%	28,885	-1.0%	0.48%	+5.7%
VTRS	Sell	VIATRIS INC	$502,781	-73.5%	50,992	-73.2%	0.37%	-71.9%
SCHX	Sell	SCHWAB STRATEGIC TRus lrg cap etf	$296,971	-18.0%	5,869	-15.1%	0.22%	-13.0%
VCSH	Buy	VANGUARD SCOTTSDALE FDS	$253,105	+6.6%	3,368	+7.4%	0.19%	+13.3%
SCHA	Sell	SCHWAB STRATEGIC TRus sml cap etf	$218,408	-19.0%	5,273	-14.4%	0.16%	-13.8%
CNOB	Sell	CONNECTONE BANCORP INC	$202,406	-0.3%	11,352	-7.2%	0.15%	+5.6%
PACW	Sell	PACWEST BANCORP DEL	$113,437	-7.0%	14,341	-4.2%	0.08%	-1.2%
PGX	Sell	INVESCO EXCH TRADED FD TR IIpfd etf	$109,719	-16.5%	10,020	-13.3%	0.08%	-12.0%
UEIC	Exit	UNIVERSAL ELECTRS INC	$0	–	-18,926	–	-0.13%	–
UCTT	Exit	ULTRA CLEAN HLDGS INC	$0	–	-5,547	–	-0.15%	–
SCHG	Exit	SCHWAB STRATEGIC TRus lcap gr etf	$0	–	-3,035	–	-0.16%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP INC	$0	–	-12,772	–	-0.74%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-13,101	–	-1.07%	–

Q2 2023

			Value		Shares		↓ Weighting
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$5,143,043	–	60,956	–	3.59%	–
BIL	New	SPDR SER TRbloomberg 1-3 mo	$5,007,050	–	54,716	–	3.50%	–
MSFT	New	MICROSOFT CORP	$4,687,193	–	13,764	–	3.28%	–
TSN	New	TYSON FOODS INCcl a	$4,127,401	–	80,866	–	2.88%	–
BKR	New	BAKER HUGHES COMPANYcl a	$3,926,436	–	124,215	–	2.74%	–
DVN	New	DEVON ENERGY CORP NEW	$3,809,869	–	78,814	–	2.66%	–
PFE	New	PFIZER INC	$3,699,618	–	100,862	–	2.59%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$3,673,838	–	37,016	–	2.57%	–
EOG	New	EOG RES INC	$3,383,133	–	29,562	–	2.36%	–
NEM	New	NEWMONT CORP	$3,247,450	–	76,124	–	2.27%	–
NTAP	New	NETAPP INC	$3,123,843	–	40,888	–	2.18%	–
IVZ	New	INVESCO LTD	$2,953,444	–	175,696	–	2.06%	–
AVGO	New	BROADCOM INC	$2,950,129	–	3,401	–	2.06%	–
JNJ	New	JOHNSON & JOHNSON	$2,932,021	–	17,714	–	2.05%	–
C	New	CITIGROUP INC	$2,809,407	–	61,021	–	1.96%	–
PFF	New	ISHARES TRpfd and incm sec	$2,763,348	–	89,342	–	1.93%	–
BLK	New	BLACKROCK INC	$2,758,340	–	3,991	–	1.93%	–
MDT	New	MEDTRONIC INC PLC	$2,615,865	–	29,692	–	1.83%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,578,332	–	14,384	–	1.80%	–
AAPL	New	APPLE INC	$2,571,072	–	13,255	–	1.80%	–
ERIC	New	ERICSSONadr b sek 10	$2,565,909	–	470,809	–	1.79%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$2,477,627	–	229,835	–	1.73%	–
APD	New	AIR PRODS & CHEMS INC	$2,462,137	–	8,220	–	1.72%	–
CSCO	New	CISCO SYS INC	$2,440,421	–	47,167	–	1.71%	–
TGT	New	TARGET CORP	$2,407,703	–	18,254	–	1.68%	–
NXPI	New	NXP SEMICONDUCTORS N V	$2,404,069	–	11,745	–	1.68%	–
APTV	New	APTIV PLC	$2,377,574	–	23,289	–	1.66%	–
IPG	New	INTERPUBLIC GROUP COS INC	$2,354,653	–	61,033	–	1.65%	–
KHC	New	KRAFT HEINZ CO	$2,331,250	–	65,669	–	1.63%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,306,351	–	4,798	–	1.61%	–
GLW	New	CORNING INC	$2,117,783	–	60,439	–	1.48%	–
FDX	New	FEDEX CORP	$1,926,307	–	7,770	–	1.35%	–
HD	New	HOME DEPOT INC	$1,910,436	–	6,150	–	1.34%	–
VTRS	New	VIATRIS INC	$1,899,962	–	190,377	–	1.33%	–
LRCX	New	LAM RESEARCH CORP	$1,861,080	–	2,895	–	1.30%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,849,640	–	44,516	–	1.29%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,819,771	–	5,642	–	1.27%	–
AMLP	New	ALPS ETF TRalerian mlp	$1,801,111	–	45,935	–	1.26%	–
LOW	New	LOWES COS INC	$1,756,510	–	7,782	–	1.23%	–
CVS	New	CVS HEALTH CORP	$1,747,537	–	25,279	–	1.22%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,739,431	–	3,924	–	1.22%	–
IP	New	INTERNATIONAL PAPER CO	$1,680,300	–	52,823	–	1.17%	–
FB	New	META PLATFORMS INCcl a	$1,634,064	–	5,694	–	1.14%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,589,616	–	13,280	–	1.11%	–
VLO	New	VALERO ENERGY CORP	$1,536,747	–	13,101	–	1.07%	–
T	New	AT&T INC	$1,490,591	–	93,454	–	1.04%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,486,641	–	15,176	–	1.04%	–
EBAY	New	EBAY INC	$1,395,401	–	31,224	–	0.98%	–
AMD	New	ADVANCED MICRO DEVICES INC	$1,394,144	–	12,239	–	0.97%	–
FISV	New	FISERV INC	$1,366,015	–	10,828	–	0.96%	–
WHR	New	WHIRLPOOL CORP	$1,353,096	–	9,094	–	0.95%	–
EWBC	New	EAST WEST BANCORP INC	$1,194,506	–	22,627	–	0.84%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,173,938	–	2,250	–	0.82%	–
PYPL	New	PAYPAL HLDGS INC	$1,126,870	–	16,887	–	0.79%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$1,094,617	–	12,180	–	0.76%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,068,575	–	3,036	–	0.75%	–
IBKR	New	INTERACTIVE BROKERS GROUP INC	$1,060,970	–	12,772	–	0.74%	–
EA	New	ELECTRONIC ARTS INC	$1,036,887	–	7,994	–	0.72%	–
DIS	New	DISNEY WALT CO	$1,023,327	–	11,462	–	0.72%	–
REGN	New	REGENERON PHARMACEUTICALS	$926,917	–	1,290	–	0.65%	–
AMZN	New	AMAZON COM INC	$917,604	–	7,039	–	0.64%	–
LQD	New	ISHARES TRiboxx inv cp etf	$908,804	–	7,850	–	0.64%	–
BDX	New	BECTON DICKINSON & CO	$707,811	–	2,681	–	0.50%	–
VRP	New	INVESCO EXCH TRADED FD TR IIvar rate pfd	$649,077	–	29,172	–	0.45%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$362,086	–	6,914	–	0.25%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$269,677	–	6,157	–	0.19%	–
VCSH	New	VANGUARD SCOTTSDALE FDS	$237,345	–	3,137	–	0.17%	–
SCHG	New	SCHWAB STRATEGIC TRus lcap gr etf	$227,473	–	3,035	–	0.16%	–
UCTT	New	ULTRA CLEAN HLDGS INC	$213,338	–	5,547	–	0.15%	–
CNOB	New	CONNECTONE BANCORP INC	$202,970	–	12,234	–	0.14%	–
UEIC	New	UNIVERSAL ELECTRS INC	$182,068	–	18,926	–	0.13%	–
PGX	New	INVESCO EXCH TRADED FD TR IIpfd etf	$131,346	–	11,552	–	0.09%	–
PACW	New	PACWEST BANCORP DEL	$122,034	–	14,973	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
HBI	Exit	HANESBRANDS INC	$0	–	-18,821	–	-0.07%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-11,018	–	-0.08%	–
PGX	Exit	INVESCO EXCH TRADED FD TR IIpfd etf	$0	–	-13,763	–	-0.09%	–
OZK	Exit	BANK OZK	$0	–	-5,140	–	-0.12%	–
SJNK	Exit	SPDR SER TRbloomberg sht te	$0	–	-8,573	–	-0.12%	–
CNOB	Exit	CONNECTONE BANCORP INC	$0	–	-9,307	–	-0.12%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-5,393	–	-0.13%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-3,743	–	-0.14%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-5,154	–	-0.22%	–
AVGO	Exit	BROADCOM INC	$0	–	-1,215	–	-0.31%	–
PHM	Exit	PULTE GROUP INC	$0	–	-17,694	–	-0.38%	–
VRP	Exit	INVESCO EXCH TRADED FD TR IIvar rate pfd	$0	–	-31,311	–	-0.39%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-6,726	–	-0.39%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-3,760	–	-0.48%	–
AMZN	Exit	AMAZON COM INC	$0	–	-8,554	–	-0.55%	–
APTV	Exit	APTIV PLC	$0	–	-12,541	–	-0.56%	–
NVR	Exit	NVR INC	$0	–	-257	–	-0.58%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-12,283	–	-0.60%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,135	–	-0.62%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-14,255	–	-0.65%	–
EBAY	Exit	EBAY INC.	$0	–	-31,546	–	-0.66%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP IN	$0	–	-18,675	–	-0.68%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-10,840	–	-0.71%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-9,449	–	-0.73%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-4,466	–	-0.74%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-20,755	–	-0.75%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-2,316	–	-0.91%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,560	–	-0.93%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-17,576	–	-0.96%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-61,872	–	-1.03%	–
FISV	Exit	FISERV INC	$0	–	-19,397	–	-1.03%	–
APTVPRA	Exit	APTIV PLC5.5% cnv pfd a	$0	–	-19,269	–	-1.04%	–
FDX	Exit	FEDEX CORP	$0	–	-12,454	–	-1.05%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-5,487	–	-1.14%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-24,689	–	-1.15%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-30,158	–	-1.15%	–
LOW	Exit	LOWES COS INC	$0	–	-10,811	–	-1.15%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-19,210	–	-1.17%	–
T	Exit	AT&T INC	$0	–	-140,261	–	-1.22%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-16,368	–	-1.25%	–
BBY	Exit	BEST BUY INC	$0	–	-35,853	–	-1.29%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-8,011	–	-1.33%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-92,161	–	-1.34%	–
BDXB	Exit	BECTON DICKINSON & CO6% dp conv pfd b	$0	–	-50,564	–	-1.36%	–
AMGN	Exit	AMGEN INC	$0	–	-10,757	–	-1.38%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-78,519	–	-1.42%	–
HD	Exit	HOME DEPOT INC	$0	–	-9,027	–	-1.42%	–
GLW	Exit	CORNING INC	$0	–	-86,031	–	-1.42%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-17,118	–	-1.44%	–
AAPL	Exit	APPLE INC	$0	–	-18,793	–	-1.48%	–
STT	Exit	STATE STR CORP	$0	–	-44,604	–	-1.54%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-11,976	–	-1.58%	–
CSCO	Exit	CISCO SYS INC	$0	–	-69,915	–	-1.59%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-23,835	–	-1.61%	–
MET	Exit	METLIFE INC	$0	–	-48,508	–	-1.68%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-36,627	–	-1.72%	–
PFE	Exit	PFIZER INC	$0	–	-71,684	–	-1.78%	–
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-557,935	–	-1.82%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,375	–	-1.83%	–
VTRS	Exit	VIATRIS INC	$0	–	-391,405	–	-1.90%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-20,656	–	-1.90%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-36,074	–	-1.96%	–
C	Exit	CITIGROUP INC	$0	–	-82,611	–	-1.96%	–
NTAP	Exit	NETAPP INC	$0	–	-55,723	–	-1.96%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-164,647	–	-1.96%	–
IVZ	Exit	INVESCO LTD	$0	–	-252,140	–	-1.96%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-112,043	–	-2.02%	–
TGT	Exit	TARGET CORP	$0	–	-26,474	–	-2.23%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-24,778	–	-2.30%	–
INTC	Exit	INTEL CORP	$0	–	-159,956	–	-2.34%	–
BLK	Exit	BLACKROCK INC	$0	–	-7,915	–	-2.48%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-19,558	–	-2.59%	–
NEM	Exit	NEWMONT CORP	$0	–	-109,483	–	-2.62%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-69,932	–	-2.62%	–
EOG	Exit	EOG RES INC	$0	–	-41,413	–	-2.63%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-85,299	–	-2.92%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-397,466	–	-2.98%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-85,011	–	-3.66%	–

Q3 2022

			Value		Shares		↓ Weighting
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$6,434,000	-9.4%	85,011	-4.2%	3.66%	+3.9%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$5,239,000	+4.1%	397,466	-5.0%	2.98%	+19.4%
DVN	Sell	DEVON ENERGY CORP NEW	$5,129,000	+3.9%	85,299	-4.8%	2.92%	+19.1%
EOG	Sell	EOG RES INC	$4,627,000	-3.0%	41,413	-4.1%	2.63%	+11.3%
TSN	Sell	TYSON FOODS INCcl a	$4,611,000	-27.2%	69,932	-4.9%	2.62%	-16.5%
NEM	Buy	NEWMONT CORP	$4,602,000	-1.9%	109,483	+39.2%	2.62%	+12.4%
MSFT	Sell	MICROSOFT CORP	$4,555,000	-12.6%	19,558	-3.7%	2.59%	+0.2%
BLK	Sell	BLACKROCK INC	$4,355,000	-13.9%	7,915	-4.7%	2.48%	-1.3%
INTC	Buy	INTEL CORP	$4,122,000	-5.4%	159,956	+37.3%	2.34%	+8.5%
JNJ	Sell	JOHNSON & JOHNSON	$4,048,000	-8.1%	24,778	-0.2%	2.30%	+5.4%
TGT	Sell	TARGET CORP	$3,928,000	+1.0%	26,474	-3.9%	2.23%	+15.7%
PFF	Sell	ISHARES TRpfd and incm sec	$3,548,000	-5.2%	112,043	-1.6%	2.02%	+8.7%
IVZ	Sell	INVESCO LTD	$3,454,000	-17.5%	252,140	-2.9%	1.96%	-5.4%
BKR	New	BAKER HUGHES COMPANYcl a	$3,451,000	–	164,647	–	1.96%	–
NTAP	Sell	NETAPP INC	$3,446,000	-10.5%	55,723	-5.6%	1.96%	+2.6%
C	Sell	CITIGROUP INC	$3,442,000	-12.7%	82,611	-3.6%	1.96%	+0.2%
CVS	Sell	CVS HEALTH CORP	$3,440,000	-1.7%	36,074	-4.5%	1.96%	+12.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$3,337,000	-17.2%	20,656	-6.5%	1.90%	-5.1%
VTRS	Sell	VIATRIS INC	$3,335,000	-21.6%	391,405	-3.6%	1.90%	-10.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,219,000	-7.9%	6,375	-6.3%	1.83%	+5.6%
ERIC	Sell	ERICSSONadr b sek 10	$3,203,000	-23.8%	557,935	-1.8%	1.82%	-12.7%
PFE	Sell	PFIZER INC	$3,137,000	-38.0%	71,684	-25.7%	1.78%	-28.9%
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$3,021,000	–	36,627	–	1.72%	–
MET	Sell	METLIFE INC	$2,948,000	-7.6%	48,508	-4.5%	1.68%	+5.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$2,832,000	-18.5%	23,835	-3.1%	1.61%	-6.6%
CSCO	Sell	CISCO SYS INC	$2,797,000	-11.0%	69,915	-5.1%	1.59%	+2.1%
APD	Sell	AIR PRODS & CHEMS INC	$2,787,000	-6.0%	11,976	-2.8%	1.58%	+7.8%
STT	Sell	STATE STR CORP	$2,712,000	-5.7%	44,604	-4.4%	1.54%	+8.1%
AAPL	Sell	APPLE INC	$2,597,000	-5.1%	18,793	-6.2%	1.48%	+8.8%
NXPI	Sell	NXP SEMICONDUCTORS N V	$2,525,000	-1.6%	17,118	-1.3%	1.44%	+12.8%
GLW	Sell	CORNING INC	$2,497,000	-16.7%	86,031	-9.6%	1.42%	-4.6%
HD	Sell	HOME DEPOT INC	$2,491,000	-3.2%	9,027	-3.8%	1.42%	+11.0%
IP	Sell	INTERNATIONAL PAPER CO	$2,489,000	-28.0%	78,519	-5.0%	1.42%	-17.4%
AMGN	Sell	AMGEN INC	$2,425,000	-10.0%	10,757	-2.8%	1.38%	+3.2%
BDXB	Sell	BECTON DICKINSON & CO6% dp conv pfd b	$2,384,000	-7.3%	50,564	-2.8%	1.36%	+6.3%
IPG	Sell	INTERPUBLIC GROUP COS INC	$2,359,000	-11.5%	92,161	-4.8%	1.34%	+1.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$2,348,000	-2.2%	8,011	-0.9%	1.33%	+12.0%
BBY	Sell	BEST BUY INC	$2,271,000	-3.4%	35,853	-0.6%	1.29%	+10.8%
WHR	Sell	WHIRLPOOL CORP	$2,207,000	-18.5%	16,368	-6.4%	1.25%	-6.6%
T	Buy	AT&T INC	$2,152,000	-16.3%	140,261	+14.3%	1.22%	-4.1%
VLO	Sell	VALERO ENERGY CORP	$2,053,000	-1.3%	19,210	-1.9%	1.17%	+13.2%
LOW	Sell	LOWES COS INC	$2,030,000	+1.4%	10,811	-5.7%	1.15%	+16.3%
EWBC	Sell	EAST WEST BANCORP INC	$2,025,000	-2.6%	30,158	-6.0%	1.15%	+11.7%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$2,021,000	-19.8%	24,689	-5.9%	1.15%	-8.0%
LRCX	Sell	LAM RESEARCH CORP	$2,008,000	-16.7%	5,487	-3.0%	1.14%	-4.5%
FDX	Sell	FEDEX CORP	$1,849,000	-41.6%	12,454	-10.8%	1.05%	-33.0%
APTVPRA	New	APTIV PLC5.5% cnv pfd a	$1,834,000	–	19,269	–	1.04%	–
FISV	Sell	FISERV INC	$1,815,000	0.0%	19,397	-4.9%	1.03%	+14.6%
CMCSA	Sell	COMCAST CORP NEWcl a	$1,815,000	-28.1%	61,872	-3.8%	1.03%	-17.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,681,000	-15.4%	17,576	+1827.2%	0.96%	-3.0%
REGN	Sell	REGENERON PHARMACEUTICALS	$1,595,000	+13.2%	2,316	-2.9%	0.91%	+29.8%
AMD	Buy	ADVANCED MICRO DEVICES INC	$1,315,000	-17.0%	20,755	+0.1%	0.75%	-5.0%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$1,293,000	-0.1%	4,466	-2.8%	0.74%	+14.7%
FB	Sell	META PLATFORMS INCcl a	$1,282,000	-16.3%	9,449	-0.6%	0.73%	-4.0%
EA	Sell	ELECTRONIC ARTS INC	$1,254,000	-6.6%	10,840	-1.7%	0.71%	+7.2%
IBKR	Sell	INTERACTIVE BROKERS GROUP IN	$1,194,000	+14.9%	18,675	-1.1%	0.68%	+31.8%
EBAY	Sell	EBAY INC.	$1,161,000	-19.4%	31,546	-8.7%	0.66%	-7.6%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$1,145,000	-14.2%	14,255	-2.4%	0.65%	-1.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$1,083,000	-8.3%	2,135	-1.7%	0.62%	+5.1%
PYPL	Sell	PAYPAL HLDGS INC	$1,057,000	+21.8%	12,283	-1.2%	0.60%	+39.8%
NVR	Sell	NVR INC	$1,025,000	-2.7%	257	-2.3%	0.58%	+11.7%
APTV	New	APTIV PLC	$981,000	–	12,541	–	0.56%	–
AMZN	Sell	AMAZON COM INC	$967,000	-31.0%	8,554	-35.2%	0.55%	-20.9%
BDX	Sell	BECTON DICKINSON & CO	$838,000	-19.5%	3,760	-11.0%	0.48%	-7.8%
LQD	Sell	ISHARES TRiboxx inv cp etf	$689,000	-8.6%	6,726	-1.8%	0.39%	+4.8%
VRP	Buy	INVESCO EXCH TRADED FD TR IIvar rate pfd	$686,000	+1.2%	31,311	+2.5%	0.39%	+16.1%
PHM	Sell	PULTE GROUP INC	$664,000	-20.6%	17,694	-16.1%	0.38%	-8.9%
AVGO	New	BROADCOM INC	$539,000	–	1,215	–	0.31%	–
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$383,000	-3.0%	5,154	-0.5%	0.22%	+11.2%
SCHD	Buy	SCHWAB STRATEGIC TRus dividend eq	$249,000	+6.0%	3,743	+14.3%	0.14%	+22.4%
SCHX	Buy	SCHWAB STRATEGIC TRus lrg cap etf	$228,000	+11.2%	5,393	+17.4%	0.13%	+27.5%
OZK	New	BANK OZK	$203,000	–	5,140	–	0.12%	–
PGX	Sell	INVESCO EXCH TRADED FD TR IIpfd etf	$164,000	-4.7%	13,763	-1.1%	0.09%	+9.4%
KELYA	New	KELLY SVCS INCcl a	$150,000	–	11,018	–	0.08%	–
HBI	Buy	HANESBRANDS INC	$131,000	-6.4%	18,821	+38.8%	0.07%	+7.2%
PBH	Exit	PRESTIGE CONSMR HEALTHCARE I	$0	–	-3,430	–	-0.10%	–
ITGR	Exit	INTEGER HLDGS CORP	$0	–	-2,847	–	-0.10%	–
TWNK	Exit	HOSTESS BRANDS INCcl a	$0	–	-9,658	–	-0.10%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-11,186	–	-0.11%	–
FFIC	Exit	FLUSHING FINL CORP	$0	–	-10,457	–	-0.11%	–
DGII	Exit	DIGI INTL INC	$0	–	-11,152	–	-0.13%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-33,930	–	-0.51%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-29,071	–	-1.38%	–
AVGOP	Exit	BROADCOM INC8% mcnv pfd sr a	$0	–	-2,505	–	-1.87%	–
TAP	Exit	MOLSON COORS BEVERAGE COcl b	$0	–	-113,332	–	-3.06%	–

Q2 2022

			Value		Shares		↓ Weighting
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$7,103,000	–	88,761	–	3.52%	–
TSN	New	TYSON FOODS INCcl a	$6,330,000	–	73,548	–	3.14%	–
TAP	New	MOLSON COORS BEVERAGE COcl b	$6,178,000	–	113,332	–	3.06%	–
MSFT	New	MICROSOFT CORP	$5,214,000	–	20,302	–	2.58%	–
BLK	New	BLACKROCK INC	$5,060,000	–	8,308	–	2.51%	–
PFE	New	PFIZER INC	$5,058,000	–	96,467	–	2.51%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$5,032,000	–	418,253	–	2.49%	–
DVN	New	DEVON ENERGY CORP NEW	$4,936,000	–	89,560	–	2.45%	–
EOG	New	EOG RES INC	$4,768,000	–	43,173	–	2.36%	–
NEM	New	NEWMONT CORP	$4,693,000	–	78,646	–	2.33%	–
JNJ	New	JOHNSON & JOHNSON	$4,406,000	–	24,819	–	2.18%	–
INTC	New	INTEL CORP	$4,358,000	–	116,481	–	2.16%	–
VTRS	New	VIATRIS INC	$4,253,000	–	406,178	–	2.11%	–
ERIC	New	ERICSSONadr b sek 10	$4,205,000	–	568,207	–	2.08%	–
IVZ	New	INVESCO LTD	$4,187,000	–	259,560	–	2.08%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,031,000	–	22,083	–	2.00%	–
C	New	CITIGROUP INC	$3,941,000	–	85,694	–	1.95%	–
TGT	New	TARGET CORP	$3,891,000	–	27,549	–	1.93%	–
NTAP	New	NETAPP INC	$3,849,000	–	58,998	–	1.91%	–
AVGOP	New	BROADCOM INC8% mcnv pfd sr a	$3,765,000	–	2,505	–	1.87%	–
PFF	New	ISHARES TRpfd and incm sec	$3,742,000	–	113,813	–	1.86%	–
CVS	New	CVS HEALTH CORP	$3,501,000	–	37,786	–	1.74%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,494,000	–	6,803	–	1.73%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$3,474,000	–	24,603	–	1.72%	–
IP	New	INTERNATIONAL PAPER CO	$3,457,000	–	82,655	–	1.71%	–
MET	New	METLIFE INC	$3,189,000	–	50,790	–	1.58%	–
FDX	New	FEDEX CORP	$3,164,000	–	13,958	–	1.57%	–
CSCO	New	CISCO SYS INC	$3,142,000	–	73,696	–	1.56%	–
GLW	New	CORNING INC	$2,999,000	–	95,170	–	1.49%	–
APD	New	AIR PRODS & CHEMS INC	$2,964,000	–	12,325	–	1.47%	–
STT	New	STATE STR CORP	$2,875,000	–	46,634	–	1.42%	–
PRU	New	PRUDENTIAL FINL INC	$2,782,000	–	29,071	–	1.38%	–
AAPL	New	APPLE INC	$2,738,000	–	20,027	–	1.36%	–
WHR	New	WHIRLPOOL CORP	$2,709,000	–	17,489	–	1.34%	–
AMGN	New	AMGEN INC	$2,694,000	–	11,072	–	1.34%	–
IPG	New	INTERPUBLIC GROUP COS INC	$2,665,000	–	96,806	–	1.32%	–
HD	New	HOME DEPOT INC	$2,574,000	–	9,385	–	1.28%	–
T	New	AT&T INC	$2,572,000	–	122,705	–	1.28%	–
BDXB	New	BECTON DICKINSON & CO6% dp conv pfd b	$2,573,000	–	52,027	–	1.28%	–
NXPI	New	NXP SEMICONDUCTORS N V	$2,567,000	–	17,339	–	1.27%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,523,000	–	64,306	–	1.25%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$2,520,000	–	26,224	–	1.25%	–
LRCX	New	LAM RESEARCH CORP	$2,410,000	–	5,656	–	1.20%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,402,000	–	8,087	–	1.19%	–
BBY	New	BEST BUY INC	$2,351,000	–	36,065	–	1.16%	–
VLO	New	VALERO ENERGY CORP	$2,080,000	–	19,573	–	1.03%	–
EWBC	New	EAST WEST BANCORP INC	$2,078,000	–	32,073	–	1.03%	–
LOW	New	LOWES COS INC	$2,002,000	–	11,459	–	0.99%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,987,000	–	912	–	0.98%	–
FISV	New	FISERV INC	$1,815,000	–	20,402	–	0.90%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,720,000	–	4,560	–	0.85%	–
AMD	New	ADVANCED MICRO DEVICES INC	$1,585,000	–	20,729	–	0.79%	–
FB	New	META PLATFORMS INCcl a	$1,532,000	–	9,502	–	0.76%	–
EBAY	New	EBAY INC.	$1,440,000	–	34,559	–	0.71%	–
REGN	New	REGENERON PHARMACEUTICALS	$1,409,000	–	2,384	–	0.70%	–
AMZN	New	AMAZON COM INC	$1,402,000	–	13,200	–	0.70%	–
EA	New	ELECTRONIC ARTS INC	$1,342,000	–	11,033	–	0.66%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$1,334,000	–	14,601	–	0.66%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,294,000	–	4,593	–	0.64%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,181,000	–	2,173	–	0.58%	–
NVR	New	NVR INC	$1,053,000	–	263	–	0.52%	–
BDX	New	BECTON DICKINSON & CO	$1,041,000	–	4,224	–	0.52%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$1,039,000	–	18,888	–	0.52%	–
PENN	New	PENN NATL GAMING INC	$1,032,000	–	33,930	–	0.51%	–
PYPL	New	PAYPAL HLDGS INC	$868,000	–	12,428	–	0.43%	–
PHM	New	PULTE GROUP INC	$836,000	–	21,099	–	0.41%	–
LQD	New	ISHARES TRiboxx inv cp etf	$754,000	–	6,849	–	0.37%	–
VRP	New	INVESCO EXCH TRADED FD TR IIvar rate pfd	$678,000	–	30,561	–	0.34%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$395,000	–	5,181	–	0.20%	–
DGII	New	DIGI INTL INC	$270,000	–	11,152	–	0.13%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$235,000	–	3,276	–	0.12%	–
CNOB	New	CONNECTONE BANCORP INC	$228,000	–	9,307	–	0.11%	–
FFIC	New	FLUSHING FINL CORP	$222,000	–	10,457	–	0.11%	–
PLAB	New	PHOTRONICS INC	$218,000	–	11,186	–	0.11%	–
SJNK	New	SPDR SER TRbloomberg sht te	$207,000	–	8,573	–	0.10%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$205,000	–	4,592	–	0.10%	–
TWNK	New	HOSTESS BRANDS INCcl a	$205,000	–	9,658	–	0.10%	–
ITGR	New	INTEGER HLDGS CORP	$201,000	–	2,847	–	0.10%	–
PBH	New	PRESTIGE CONSMR HEALTHCARE I	$202,000	–	3,430	–	0.10%	–
PGX	New	INVESCO EXCH TRADED FD TR IIpfd etf	$172,000	–	13,917	–	0.08%	–
HBI	New	HANESBRANDS INC	$140,000	–	13,558	–	0.07%	–

Q4 2021

			Value		Shares		↓ Weighting
PGX	Exit	INVESCO EXCH TRADED FD TR IIpfd etf	$0	–	-13,847	–	-0.09%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-5,000	–	-0.09%	–
ENS	Exit	ENERSYS	$0	–	-2,794	–	-0.09%	–
UCTT	Exit	ULTRA CLEAN HLDGS INC	$0	–	-5,029	–	-0.10%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-8,543	–	-0.10%	–
SCHG	Exit	SCHWAB STRATEGIC TRus lcap gr etf	$0	–	-1,498	–	-0.10%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-11,188	–	-0.10%	–
WRK	Exit	WESTROCK CO	$0	–	-4,591	–	-0.10%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-8,573	–	-0.10%	–
ABM	Exit	ABM INDS INC	$0	–	-5,269	–	-0.10%	–
MKSI	Exit	MKS INSTRS INC	$0	–	-1,566	–	-0.10%	–
HBI	Exit	HANESBRANDS INC	$0	–	-13,928	–	-0.11%	–
APOG	Exit	APOGEE ENTERPRISES INC	$0	–	-6,431	–	-0.11%	–
HTBK	Exit	HERITAGE COMM CORP	$0	–	-20,903	–	-0.11%	–
UEIC	Exit	UNIVERSAL ELECTRS INC	$0	–	-5,301	–	-0.12%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-2,493	–	-0.12%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-4,572	–	-0.12%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-3,740	–	-0.12%	–
TWNK	Exit	HOSTESS BRANDS INCcl a	$0	–	-16,014	–	-0.12%	–
OZK	Exit	BANK OZK	$0	–	-6,659	–	-0.13%	–
ITGR	Exit	INTEGER HLDGS CORP	$0	–	-3,298	–	-0.13%	–
FFIC	Exit	FLUSHING FINL CORP	$0	–	-13,624	–	-0.14%	–
DGII	Exit	DIGI INTL INC	$0	–	-14,782	–	-0.14%	–
PACW	Exit	PACWEST BANCORP DEL	$0	–	-6,984	–	-0.14%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-23,372	–	-0.14%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-3,151	–	-0.15%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-2,975	–	-0.15%	–
CNOB	Exit	CONNECTONE BANCORP INC	$0	–	-12,551	–	-0.17%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-4,221	–	-0.36%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-6,140	–	-0.40%	–
PHM	Exit	PULTE GROUP INC	$0	–	-21,436	–	-0.44%	–
VRP	Exit	INVESCO EXCH TRADED FD TR IIvar rate pfd	$0	–	-38,768	–	-0.45%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-4,347	–	-0.48%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-8,607	–	-0.51%	–
VTRS	Exit	VIATRIS INC	$0	–	-93,737	–	-0.56%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-14,111	–	-0.59%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-7,708	–	-0.62%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,777	–	-0.64%	–
NVR	Exit	NVR INC	$0	–	-318	–	-0.68%	–
VMW	Exit	VMWARE INC	$0	–	-10,447	–	-0.69%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-2,608	–	-0.70%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-23,029	–	-0.72%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-11,873	–	-0.75%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-25,429	–	-0.82%	–
AMZN	Exit	AMAZON COM INC	$0	–	-578	–	-0.84%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP IN	$0	–	-30,750	–	-0.85%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-5,948	–	-0.90%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-22,727	–	-0.96%	–
FISV	Exit	FISERV INC	$0	–	-19,965	–	-0.96%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-3,861	–	-0.98%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-11,405	–	-0.99%	–
XLNX	Exit	XILINX INC	$0	–	-14,926	–	-1.00%	–
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-201,762	–	-1.00%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-30,521	–	-1.05%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-5,777	–	-1.10%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-29,978	–	-1.15%	–
EBAY	Exit	EBAY INC.	$0	–	-37,557	–	-1.16%	–
T	Exit	AT&T INC	$0	–	-97,964	–	-1.18%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-54,951	–	-1.21%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,046	–	-1.24%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-50,676	–	-1.26%	–
FDX	Exit	FEDEX CORP	$0	–	-13,182	–	-1.28%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,966	–	-1.31%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-6,675	–	-1.33%	–
MRK	Exit	MERCK & CO INC	$0	–	-40,146	–	-1.34%	–
LOW	Exit	LOWES COS INC	$0	–	-15,018	–	-1.36%	–
AAPL	Exit	APPLE INC	$0	–	-21,795	–	-1.37%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-30,361	–	-1.42%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-23,233	–	-1.44%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-8,317	–	-1.44%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-69,638	–	-1.46%	–
MET	Exit	METLIFE INC	$0	–	-53,384	–	-1.46%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-40,297	–	-1.52%	–
AMGN	Exit	AMGEN INC	$0	–	-16,179	–	-1.53%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-95,447	–	-1.56%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-51,311	–	-1.59%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-65,317	–	-1.62%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-110,339	–	-1.90%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,541	–	-1.90%	–
PFE	Exit	PFIZER INC	$0	–	-100,411	–	-1.92%	–
IVZ	Exit	INVESCO LTD	$0	–	-185,770	–	-1.99%	–
INTC	Exit	INTEL CORP	$0	–	-99,342	–	-2.35%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-95,985	–	-2.52%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-16,459	–	-2.52%	–
TAP	Exit	MOLSON COORS BEVERAGE COcl b	$0	–	-122,655	–	-2.53%	–
EOG	Exit	EOG RES INC	$0	–	-72,448	–	-2.58%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,834	–	-2.61%	–
NEM	Exit	NEWMONT CORP	$0	–	-109,528	–	-2.64%	–
C	Exit	CITIGROUP INC	$0	–	-86,111	–	-2.69%	–
NTAP	Exit	NETAPP INC	$0	–	-68,718	–	-2.74%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-409,336	–	-2.81%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-82,272	–	-2.89%	–
ABBV	Exit	ABBVIE INC	$0	–	-65,499	–	-3.14%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-90,113	–	-3.30%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-212,013	–	-3.35%	–

Q3 2021

			Value		Shares		↓ Weighting
DVN	Buy	DEVON ENERGY CORP NEW	$7,529,000	+30.5%	212,013	+7.3%	3.35%	+32.8%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$7,426,000	-3.1%	90,113	-2.7%	3.30%	-1.3%
ABBV	Sell	ABBVIE INC	$7,065,000	-7.7%	65,499	-3.6%	3.14%	-6.1%
TSN	Buy	TYSON FOODS INCcl a	$6,495,000	+14.4%	82,272	+6.9%	2.89%	+16.4%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$6,328,000	+11.3%	409,336	+2.8%	2.81%	+13.3%
NTAP	Sell	NETAPP INC	$6,168,000	+5.8%	68,718	-3.6%	2.74%	+7.6%
C	Buy	CITIGROUP INC	$6,043,000	+82.1%	86,111	+83.6%	2.69%	+85.3%
NEM	Buy	NEWMONT CORP	$5,947,000	+7.3%	109,528	+25.3%	2.64%	+9.2%
MSFT	Sell	MICROSOFT CORP	$5,873,000	+1.2%	20,834	-2.8%	2.61%	+3.0%
EOG	Sell	EOG RES INC	$5,815,000	-6.0%	72,448	-2.3%	2.58%	-4.4%
TAP	Buy	MOLSON COORS BEVERAGE COcl b	$5,689,000	-13.6%	122,655	+0.0%	2.53%	-12.1%
LMT	Buy	LOCKHEED MARTIN CORP	$5,680,000	-0.7%	16,459	+8.8%	2.52%	+1.0%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$5,679,000	-13.6%	95,985	-2.5%	2.52%	-12.1%
INTC	Buy	INTEL CORP	$5,293,000	+30.8%	99,342	+37.8%	2.35%	+33.1%
IVZ	Buy	INVESCO LTD	$4,479,000	-1.2%	185,770	+9.5%	1.99%	+0.5%
PFE	Sell	PFIZER INC	$4,319,000	+7.6%	100,411	-2.0%	1.92%	+9.5%
JNJ	Sell	JOHNSON & JOHNSON	$4,286,000	-4.9%	26,541	-3.0%	1.90%	-3.2%
PFF	Sell	ISHARES TRpfd and incm sec	$4,282,000	-4.4%	110,339	-3.1%	1.90%	-2.7%
IP	Sell	INTERNATIONAL PAPER CO	$3,653,000	-11.7%	65,317	-3.1%	1.62%	-10.1%
GILD	Sell	GILEAD SCIENCES INC	$3,584,000	-1.1%	51,311	-2.5%	1.59%	+0.6%
IPG	Sell	INTERPUBLIC GROUP COS INC	$3,500,000	+9.0%	95,447	-3.4%	1.56%	+10.9%
AMGN	Sell	AMGEN INC	$3,440,000	-15.2%	16,179	-2.8%	1.53%	-13.7%
CVS	Sell	CVS HEALTH CORP	$3,420,000	-1.2%	40,297	-2.9%	1.52%	+0.5%
MET	Sell	METLIFE INC	$3,295,000	+0.2%	53,384	-2.8%	1.46%	+2.0%
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,276,000	–	69,638	–	1.46%	–
UNH	Sell	UNITEDHEALTH GROUP INC	$3,250,000	-7.6%	8,317	-5.3%	1.44%	-5.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$3,228,000	-7.6%	23,233	-2.5%	1.44%	-6.0%
PRU	Sell	PRUDENTIAL FINL INC	$3,194,000	+0.0%	30,361	-2.6%	1.42%	+1.8%
AAPL	Sell	APPLE INC	$3,084,000	+1.2%	21,795	-2.0%	1.37%	+3.0%
LOW	Sell	LOWES COS INC	$3,047,000	+1.8%	15,018	-2.7%	1.36%	+3.6%
MRK	Sell	MERCK & CO INC	$3,015,000	-5.9%	40,146	-2.6%	1.34%	-4.3%
COST	Sell	COSTCO WHSL CORP NEW	$2,999,000	-12.0%	6,675	-22.5%	1.33%	-10.4%
HD	Sell	HOME DEPOT INC	$2,943,000	-0.5%	8,966	-3.3%	1.31%	+1.2%
FDX	Buy	FEDEX CORP	$2,891,000	-8.9%	13,182	+24.0%	1.28%	-7.3%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,834,000	-4.5%	50,676	-2.7%	1.26%	-2.9%
GOOGL	Sell	ALPHABET INCcap stk cl a	$2,797,000	+7.0%	1,046	-2.3%	1.24%	+8.8%
CAH	New	CARDINAL HEALTH INC	$2,718,000	–	54,951	–	1.21%	–
T	Sell	AT&T INC	$2,646,000	-6.6%	97,964	-0.5%	1.18%	-5.0%
EBAY	Sell	EBAY INC.	$2,617,000	-14.6%	37,557	-13.9%	1.16%	-13.1%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$2,577,000	-1.5%	29,978	-2.2%	1.15%	+0.3%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$2,479,000	+20.7%	5,777	+20.4%	1.10%	+22.9%
EWBC	Buy	EAST WEST BANCORP INC	$2,367,000	+956.7%	30,521	+875.1%	1.05%	+973.5%
ERIC	Buy	ERICSSONadr b sek 10	$2,260,000	-1.1%	201,762	+11.0%	1.00%	+0.6%
XLNX	Sell	XILINX INC	$2,254,000	+2.5%	14,926	-1.8%	1.00%	+4.4%
NXPI	Sell	NXP SEMICONDUCTORS N V	$2,234,000	-7.3%	11,405	-2.7%	0.99%	-5.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$2,206,000	+10.9%	3,861	-2.1%	0.98%	+12.9%
FISV	Sell	FISERV INC	$2,166,000	-0.4%	19,965	-1.8%	0.96%	+1.4%
PM	Sell	PHILIP MORRIS INTL INC	$2,154,000	-7.4%	22,727	-3.2%	0.96%	-5.7%
FB	Sell	FACEBOOK INCcl a	$2,019,000	-4.3%	5,948	-1.9%	0.90%	-2.5%
IBKR	Buy	INTERACTIVE BROKERS GROUP IN	$1,917,000	+0.9%	30,750	+6.4%	0.85%	+2.7%
AMZN	Sell	AMAZON COM INC	$1,899,000	-6.1%	578	-1.7%	0.84%	-4.5%
PENN	New	PENN NATL GAMING INC	$1,843,000	–	25,429	–	0.82%	–
EA	Sell	ELECTRONIC ARTS INC	$1,689,000	-2.6%	11,873	-1.5%	0.75%	-0.9%
VLO	Sell	VALERO ENERGY CORP	$1,625,000	-11.5%	23,029	-2.1%	0.72%	-10.0%
REGN	Sell	REGENERON PHARMACEUTICALS	$1,578,000	-24.2%	2,608	-30.1%	0.70%	-22.9%
VMW	Buy	VMWARE INC	$1,553,000	+15.0%	10,447	+23.7%	0.69%	+16.9%
NVR	Sell	NVR INC	$1,522,000	-5.4%	318	-1.5%	0.68%	-3.7%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,428,000	-28.3%	3,777	-28.1%	0.64%	-27.1%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$1,398,000	-12.6%	7,708	-2.9%	0.62%	-11.0%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$1,332,000	-6.8%	14,111	-6.1%	0.59%	-5.1%
VTRS	Sell	VIATRIS INC	$1,270,000	-7.6%	93,737	-2.5%	0.56%	-5.8%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,145,000	-9.1%	8,607	-8.1%	0.51%	-7.5%
BDX	Sell	BECTON DICKINSON & CO	$1,069,000	-2.0%	4,347	-3.1%	0.48%	-0.4%
VRP	Sell	INVESCO EXCH TRADED FD TR IIvar rate pfd	$1,016,000	-5.2%	38,768	-4.9%	0.45%	-3.4%
PHM	Sell	PULTE GROUP INC	$984,000	-18.3%	21,436	-2.9%	0.44%	-16.9%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$909,000	-36.3%	6,140	-2.3%	0.40%	-35.2%
HII	Sell	HUNTINGTON INGALLS INDS INC	$815,000	-10.2%	4,221	-2.0%	0.36%	-8.8%
CNOB	Buy	CONNECTONE BANCORP INC	$377,000	+21.6%	12,551	+6.0%	0.17%	+24.4%
PWR	Buy	QUANTA SVCS INC	$339,000	+34.0%	2,975	+6.7%	0.15%	+36.0%
SCHX	Sell	SCHWAB STRATEGIC TRus lrg cap etf	$328,000	-4.7%	3,151	-4.9%	0.15%	-2.7%
PLAB	Buy	PHOTRONICS INC	$319,000	+10.8%	23,372	+7.0%	0.14%	+12.7%
PACW	Buy	PACWEST BANCORP DEL	$316,000	+17.0%	6,984	+6.5%	0.14%	+18.6%
DGII	Buy	DIGI INTL INC	$311,000	+11.1%	14,782	+6.2%	0.14%	+13.1%
FFIC	Buy	FLUSHING FINL CORP	$308,000	+9.6%	13,624	+4.0%	0.14%	+11.4%
ITGR	Buy	INTEGER HLDGS CORP	$295,000	+2.4%	3,298	+7.9%	0.13%	+4.0%
OZK	Buy	BANK OZK	$286,000	+8.7%	6,659	+6.9%	0.13%	+10.4%
SCHD	Buy	SCHWAB STRATEGIC TRus dividend eq	$278,000	+0.4%	3,740	+2.1%	0.12%	+2.5%
TWNK	Sell	HOSTESS BRANDS INCcl a	$278,000	+6.9%	16,014	-0.4%	0.12%	+8.8%
SCI	Buy	SERVICE CORP INTL	$275,000	+33.5%	4,572	+18.9%	0.12%	+35.6%
WAL	Buy	WESTERN ALLIANCE BANCORP	$271,000	+27.2%	2,493	+8.8%	0.12%	+29.0%
UEIC	Buy	UNIVERSAL ELECTRS INC	$261,000	+8.3%	5,301	+6.6%	0.12%	+10.5%
APOG	Buy	APOGEE ENTERPRISES INC	$243,000	-1.2%	6,431	+6.7%	0.11%	+0.9%
HTBK	Buy	HERITAGE COMM CORP	$243,000	+29.9%	20,903	+24.7%	0.11%	+31.7%
HBI	Buy	HANESBRANDS INC	$239,000	+1.7%	13,928	+10.9%	0.11%	+2.9%
ABM	Buy	ABM INDS INC	$237,000	+7.7%	5,269	+6.0%	0.10%	+9.4%
MKSI	Buy	MKS INSTRS INC	$236,000	-2.5%	1,566	+15.3%	0.10%	-0.9%
WRK	Buy	WESTROCK CO	$229,000	+6.0%	4,591	+13.2%	0.10%	+8.5%
VSH	Buy	VISHAY INTERTECHNOLOGY INC	$225,000	-4.3%	11,188	+7.5%	0.10%	-2.9%
STL	Buy	STERLING BANCORP DEL	$213,000	+1.4%	8,543	+1.0%	0.10%	+3.3%
UCTT	Buy	ULTRA CLEAN HLDGS INC	$214,000	-9.3%	5,029	+14.5%	0.10%	-7.8%
ENS	Buy	ENERSYS	$208,000	-11.5%	2,794	+16.3%	0.09%	-10.7%
CATY	New	CATHAY GEN BANCORP	$207,000	–	5,000	–	0.09%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-8,471	–	-0.09%	–
SCHA	Exit	SCHWAB STRATEGIC TRus sml cap etf	$0	–	-1,987	–	-0.09%	–
SCHM	Exit	SCHWAB STRATEGIC TRus mid-cap etf	$0	–	-2,719	–	-0.09%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-65,578	–	-1.30%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-23,519	–	-1.36%	–
PPL	Exit	PPL CORP	$0	–	-111,196	–	-1.36%	–
CSCO	Exit	CISCO SYS INC	$0	–	-80,790	–	-1.87%	–

Q2 2021

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$7,660,000	–	92,613	–	3.35%	–
ABBV	New	ABBVIE INC	$7,657,000	–	67,978	–	3.34%	–
TAP	New	MOLSON COORS BEVERAGE COcl b	$6,585,000	–	122,642	–	2.88%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$6,576,000	–	98,417	–	2.87%	–
EOG	New	EOG RES INC	$6,187,000	–	74,153	–	2.70%	–
NTAP	New	NETAPP INC	$5,832,000	–	71,280	–	2.55%	–
MSFT	New	MICROSOFT CORP	$5,806,000	–	21,432	–	2.54%	–
DVN	New	DEVON ENERGY CORP NEW	$5,770,000	–	197,664	–	2.52%	–
LMT	New	LOCKHEED MARTIN CORP	$5,721,000	–	15,121	–	2.50%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$5,683,000	–	398,247	–	2.48%	–
TSN	New	TYSON FOODS INCcl a	$5,678,000	–	76,978	–	2.48%	–
NEM	New	NEWMONT CORP	$5,542,000	–	87,446	–	2.42%	–
IVZ	New	INVESCO LTD	$4,535,000	–	169,644	–	1.98%	–
JNJ	New	JOHNSON & JOHNSON	$4,505,000	–	27,349	–	1.97%	–
PFF	New	ISHARES TRpfd and incm sec	$4,477,000	–	113,814	–	1.96%	–
CSCO	New	CISCO SYS INC	$4,282,000	–	80,790	–	1.87%	–
IP	New	INTERNATIONAL PAPER CO	$4,135,000	–	67,438	–	1.81%	–
AMGN	New	AMGEN INC	$4,056,000	–	16,642	–	1.77%	–
INTC	New	INTEL CORP	$4,048,000	–	72,110	–	1.77%	–
PFE	New	PFIZER INC	$4,013,000	–	102,469	–	1.75%	–
GILD	New	GILEAD SCIENCES INC	$3,623,000	–	52,607	–	1.58%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,516,000	–	8,781	–	1.54%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$3,493,000	–	23,825	–	1.53%	–
CVS	New	CVS HEALTH CORP	$3,461,000	–	41,484	–	1.51%	–
COST	New	COSTCO WHSL CORP NEW	$3,407,000	–	8,611	–	1.49%	–
C	New	CITIGROUP INC	$3,319,000	–	46,912	–	1.45%	–
MET	New	METLIFE INC	$3,288,000	–	54,933	–	1.44%	–
IPG	New	INTERPUBLIC GROUP COS INC	$3,212,000	–	98,855	–	1.40%	–
MRK	New	MERCK & CO INC	$3,204,000	–	41,198	–	1.40%	–
PRU	New	PRUDENTIAL FINL INC	$3,193,000	–	31,164	–	1.40%	–
FDX	New	FEDEX CORP	$3,172,000	–	10,632	–	1.39%	–
PPL	New	PPL CORP	$3,110,000	–	111,196	–	1.36%	–
DGX	New	QUEST DIAGNOSTICS INC	$3,104,000	–	23,519	–	1.36%	–
EBAY	New	EBAY INC.	$3,064,000	–	43,634	–	1.34%	–
AAPL	New	APPLE INC	$3,047,000	–	22,248	–	1.33%	–
LOW	New	LOWES COS INC	$2,993,000	–	15,432	–	1.31%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,969,000	–	52,066	–	1.30%	–
WFC	New	WELLS FARGO CO NEW	$2,970,000	–	65,578	–	1.30%	–
HD	New	HOME DEPOT INC	$2,958,000	–	9,275	–	1.29%	–
T	New	AT&T INC	$2,834,000	–	98,484	–	1.24%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$2,616,000	–	30,665	–	1.14%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,615,000	–	1,071	–	1.14%	–
NXPI	New	NXP SEMICONDUCTORS N V	$2,411,000	–	11,718	–	1.05%	–
PM	New	PHILIP MORRIS INTL INC	$2,326,000	–	23,467	–	1.02%	–
ERIC	New	ERICSSONadr b sek 10	$2,286,000	–	181,707	–	1.00%	–
XLNX	New	XILINX INC	$2,198,000	–	15,198	–	0.96%	–
FISV	New	FISERV INC	$2,174,000	–	20,339	–	0.95%	–
FB	New	FACEBOOK INCcl a	$2,109,000	–	6,064	–	0.92%	–
REGN	New	REGENERON PHARMACEUTICALS	$2,083,000	–	3,730	–	0.91%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,054,000	–	4,798	–	0.90%	–
AMZN	New	AMAZON COM INC	$2,023,000	–	588	–	0.88%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,993,000	–	5,252	–	0.87%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,989,000	–	3,943	–	0.87%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$1,900,000	–	28,902	–	0.83%	–
VLO	New	VALERO ENERGY CORP	$1,836,000	–	23,519	–	0.80%	–
EA	New	ELECTRONIC ARTS INC	$1,734,000	–	12,057	–	0.76%	–
NVR	New	NVR INC	$1,609,000	–	323	–	0.70%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,600,000	–	7,935	–	0.70%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,429,000	–	15,035	–	0.62%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,426,000	–	6,287	–	0.62%	–
VTRS	New	VIATRIS INC	$1,374,000	–	96,166	–	0.60%	–
VMW	New	VMWARE INC	$1,351,000	–	8,448	–	0.59%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,259,000	–	9,368	–	0.55%	–
PHM	New	PULTE GROUP INC	$1,205,000	–	22,085	–	0.53%	–
BDX	New	BECTON DICKINSON & CO	$1,091,000	–	4,486	–	0.48%	–
VRP	New	INVESCO EXCH TRADED FD TR IIvar rate pfd	$1,072,000	–	40,774	–	0.47%	–
HII	New	HUNTINGTON INGALLS INDS INC	$908,000	–	4,309	–	0.40%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$344,000	–	3,312	–	0.15%	–
CNOB	New	CONNECTONE BANCORP INC	$310,000	–	11,836	–	0.14%	–
ITGR	New	INTEGER HLDGS CORP	$288,000	–	3,057	–	0.13%	–
PLAB	New	PHOTRONICS INC	$288,000	–	21,838	–	0.13%	–
FFIC	New	FLUSHING FINL CORP	$281,000	–	13,094	–	0.12%	–
DGII	New	DIGI INTL INC	$280,000	–	13,913	–	0.12%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$277,000	–	3,662	–	0.12%	–
PACW	New	PACWEST BANCORP DEL	$270,000	–	6,558	–	0.12%	–
OZK	New	BANK OZK	$263,000	–	6,227	–	0.12%	–
TWNK	New	HOSTESS BRANDS INCcl a	$260,000	–	16,079	–	0.11%	–
PWR	New	QUANTA SVCS INC	$253,000	–	2,789	–	0.11%	–
APOG	New	APOGEE ENTERPRISES INC	$246,000	–	6,027	–	0.11%	–
MKSI	New	MKS INSTRS INC	$242,000	–	1,358	–	0.11%	–
UEIC	New	UNIVERSAL ELECTRS INC	$241,000	–	4,971	–	0.10%	–
ENS	New	ENERSYS	$235,000	–	2,402	–	0.10%	–
HBI	New	HANESBRANDS INC	$235,000	–	12,563	–	0.10%	–
SJNK	New	SPDR SER TRbloomberg srt tr	$236,000	–	8,573	–	0.10%	–
UCTT	New	ULTRA CLEAN HLDGS INC	$236,000	–	4,392	–	0.10%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$235,000	–	10,412	–	0.10%	–
EWBC	New	EAST WEST BANCORP INC	$224,000	–	3,130	–	0.10%	–
SCHG	New	SCHWAB STRATEGIC TRus lcap gr etf	$219,000	–	1,498	–	0.10%	–
ABM	New	ABM INDS INC	$220,000	–	4,971	–	0.10%	–
WRK	New	WESTROCK CO	$216,000	–	4,056	–	0.09%	–
SCHM	New	SCHWAB STRATEGIC TRus mid-cap etf	$213,000	–	2,719	–	0.09%	–
PGX	New	INVESCO EXCH TRADED FD TR IIpfd etf	$212,000	–	13,847	–	0.09%	–
WAL	New	WESTERN ALLIANCE BANCORP	$213,000	–	2,292	–	0.09%	–
STL	New	STERLING BANCORP DEL	$210,000	–	8,456	–	0.09%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$207,000	–	1,987	–	0.09%	–
SCI	New	SERVICE CORP INTL	$206,000	–	3,845	–	0.09%	–
KELYA	New	KELLY SVCS INCcl a	$203,000	–	8,471	–	0.09%	–
HTBK	New	HERITAGE COMM CORP	$187,000	–	16,765	–	0.08%	–

Q4 2020

			Value		Shares		↓ Weighting
MTRX	Exit	MATRIX SVC CO	$0	–	-10,859	–	-0.05%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-13,528	–	-0.08%	–
HTBK	Exit	HERITAGE COMM CORP	$0	–	-22,315	–	-0.08%	–
FFIC	Exit	FLUSHING FINL CORP	$0	–	-14,643	–	-0.09%	–
TWNK	Exit	HOSTESS BRANDS INCcl a	$0	–	-12,568	–	-0.09%	–
HBI	Exit	HANESBRANDS INC	$0	–	-10,813	–	-0.10%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-16,851	–	-0.10%	–
PACW	Exit	PACWEST BANCORP DEL	$0	–	-10,460	–	-0.10%	–
CNOB	Exit	CONNECTONE BANCORP INC	$0	–	-13,264	–	-0.10%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-1,100	–	-0.12%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-12,461	–	-0.12%	–
WRK	Exit	WESTROCK CO	$0	–	-6,281	–	-0.12%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-6,128	–	-0.14%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-12,800	–	-0.16%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-3,907	–	-0.18%	–
AAPL	Exit	APPLE INC	$0	–	-3,500	–	-0.23%	–
VRP	Exit	INVESCO EXCH TRADED FD TR IIvar rate pfd	$0	–	-33,367	–	-0.46%	–
MYL	Exit	MYLAN NV	$0	–	-55,753	–	-0.46%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-7,775	–	-0.57%	–
VMW	Exit	VMWARE INC	$0	–	-7,254	–	-0.58%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-8,162	–	-0.62%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-25,432	–	-0.62%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-5,676	–	-0.64%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-5,329	–	-0.67%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-17,604	–	-0.68%	–
APTV	Exit	APTIV PLC	$0	–	-13,602	–	-0.70%	–
ANTM	Exit	ANTHEM INC	$0	–	-4,661	–	-0.70%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-13,924	–	-0.75%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,121	–	-0.77%	–
FISV	Exit	FISERV INC	$0	–	-13,866	–	-0.80%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-25,827	–	-0.83%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-12,419	–	-0.87%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,129	–	-0.93%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-28,873	–	-0.96%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-12,366	–	-0.98%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-80,383	–	-1.06%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-25,628	–	-1.08%	–
DOX	Exit	AMDOCS LTD	$0	–	-39,524	–	-1.27%	–
C	Exit	CITIGROUP INC	$0	–	-53,518	–	-1.29%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,231	–	-1.32%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-85,755	–	-1.34%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,816	–	-1.37%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-6,437	–	-1.38%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-21,692	–	-1.39%	–
FDX	Exit	FEDEX CORP	$0	–	-10,246	–	-1.44%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-45,689	–	-1.49%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-22,193	–	-1.51%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-59,046	–	-1.53%	–
NEM	Exit	NEWMONT CORP	$0	–	-43,088	–	-1.53%	–
LOW	Exit	LOWES COS INC	$0	–	-16,859	–	-1.57%	–
MET	Exit	METLIFE INC	$0	–	-81,391	–	-1.69%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-9,733	–	-1.70%	–
EOG	Exit	EOG RES INC	$0	–	-84,701	–	-1.70%	–
HPQ	Exit	HP INC	$0	–	-164,254	–	-1.75%	–
GM	Exit	GENERAL MTRS CO	$0	–	-107,869	–	-1.79%	–
CSCO	Exit	CISCO SYS INC	$0	–	-86,298	–	-1.90%	–
NTAP	Exit	NETAPP INC	$0	–	-80,327	–	-1.97%	–
IVZ	Exit	INVESCO LTD	$0	–	-312,031	–	-1.99%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-99,603	–	-2.00%	–
INTC	Exit	INTEL CORP	$0	–	-78,875	–	-2.29%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-452,993	–	-2.33%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-102,719	–	-2.33%	–
SJM	Exit	SMUCKER J M CO	$0	–	-36,375	–	-2.35%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-118,614	–	-2.42%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-72,078	–	-2.43%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-73,246	–	-2.44%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-31,921	–	-2.48%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-70,074	–	-2.49%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-30,147	–	-2.51%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-269,830	–	-2.52%	–
TAP	Exit	MOLSON COORS BEVERAGE COcl b	$0	–	-138,636	–	-2.61%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-101,393	–	-2.64%	–
PPL	Exit	PPL CORP	$0	–	-175,722	–	-2.68%	–
AMGN	Exit	AMGEN INC	$0	–	-18,879	–	-2.69%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-86,806	–	-3.07%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-75,017	–	-3.48%	–
ABBV	Exit	ABBVIE INC	$0	–	-75,712	–	-3.72%	–

Q3 2020

			Value		Shares		↓ Weighting
ABBV	Sell	ABBVIE INC	$6,632,000	-25.6%	75,712	-16.6%	3.72%	-21.1%
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$6,215,000	–	75,017	–	3.48%	–
GILD	Buy	GILEAD SCIENCES INC	$5,485,000	-9.2%	86,806	+10.6%	3.07%	-3.7%
AMGN	Sell	AMGEN INC	$4,798,000	-11.8%	18,879	-18.2%	2.69%	-6.5%
PPL	Sell	PPL CORP	$4,781,000	-9.9%	175,722	-14.4%	2.68%	-4.4%
ADM	Sell	ARCHER DANIELS MIDLAND CO	$4,714,000	-7.2%	101,393	-20.4%	2.64%	-1.6%
TAP	Buy	MOLSON COORS BEVERAGE COcl b	$4,653,000	+24.4%	138,636	+27.3%	2.61%	+31.9%
IPG	Sell	INTERPUBLIC GROUP COS INC	$4,498,000	-17.7%	269,830	-15.3%	2.52%	-12.7%
JNJ	Sell	JOHNSON & JOHNSON	$4,488,000	-10.6%	30,147	-15.5%	2.51%	-5.1%
PRU	Sell	PRUDENTIAL FINL INC	$4,451,000	-9.7%	70,074	-13.4%	2.49%	-4.2%
GD	Buy	GENERAL DYNAMICS CORP	$4,419,000	-5.8%	31,921	+1.7%	2.48%	-0.1%
TSN	Sell	TYSON FOODS INCcl a	$4,357,000	-14.6%	73,246	-14.3%	2.44%	-9.4%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$4,346,000	-15.6%	72,078	-17.7%	2.43%	-10.5%
PFF	Sell	ISHARES TRpfd and incm sec	$4,323,000	-14.6%	118,614	-18.8%	2.42%	-9.5%
SJM	New	SMUCKER J M CO	$4,202,000	–	36,375	–	2.35%	–
IP	Sell	INTERNATIONAL PAPER CO	$4,164,000	-2.2%	102,719	-15.0%	2.33%	+3.7%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$4,154,000	-13.3%	452,993	-14.6%	2.33%	-8.0%
INTC	New	INTEL CORP	$4,084,000	–	78,875	–	2.29%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,578,000	–	99,603	–	2.00%	–
IVZ	Sell	INVESCO LTD	$3,560,000	-8.3%	312,031	-13.5%	1.99%	-2.7%
NTAP	Sell	NETAPP INC	$3,522,000	-15.0%	80,327	-14.0%	1.97%	-9.8%
CSCO	Sell	CISCO SYS INC	$3,399,000	-30.0%	86,298	-17.1%	1.90%	-25.7%
GM	Sell	GENERAL MTRS CO	$3,192,000	-3.4%	107,869	-17.4%	1.79%	+2.5%
HPQ	Sell	HP INC	$3,119,000	-9.8%	164,254	-17.2%	1.75%	-4.3%
EOG	Buy	EOG RES INC	$3,044,000	+81.9%	84,701	+156.4%	1.70%	+93.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,035,000	-2.0%	9,733	-7.3%	1.70%	+3.9%
MET	Sell	METLIFE INC	$3,025,000	-13.1%	81,391	-14.6%	1.69%	-7.8%
LOW	Buy	LOWES COS INC	$2,796,000	+22.7%	16,859	+0.0%	1.57%	+30.2%
NEM	Sell	NEWMONT CORP	$2,734,000	-4.5%	43,088	-7.1%	1.53%	+1.3%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,731,000	+1.0%	59,046	-14.9%	1.53%	+7.2%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$2,700,000	-17.2%	22,193	-17.8%	1.51%	-12.2%
CVS	New	CVS HEALTH CORP	$2,668,000	–	45,689	–	1.49%	–
FDX	Sell	FEDEX CORP	$2,577,000	-25.5%	10,246	-58.5%	1.44%	-21.0%
DGX	New	QUEST DIAGNOSTICS INC	$2,484,000	–	21,692	–	1.39%	–
LMT	New	LOCKHEED MARTIN CORP	$2,467,000	–	6,437	–	1.38%	–
HD	Sell	HOME DEPOT INC	$2,448,000	-0.1%	8,816	-9.9%	1.37%	+6.0%
VIAC	Sell	VIACOMCBS INCcl b	$2,402,000	-23.6%	85,755	-36.4%	1.34%	-19.0%
MSFT	Sell	MICROSOFT CORP	$2,362,000	-43.7%	11,231	-45.5%	1.32%	-40.3%
C	Buy	CITIGROUP INC	$2,307,000	-0.9%	53,518	+17.5%	1.29%	+5.1%
DOX	Sell	AMDOCS LTD	$2,269,000	-12.1%	39,524	-6.8%	1.27%	-6.7%
PM	Sell	PHILIP MORRIS INTL INC	$1,922,000	-16.0%	25,628	-21.6%	1.08%	-10.9%
WFC	Sell	WELLS FARGO CO NEW	$1,890,000	-21.5%	80,383	-14.5%	1.06%	-16.7%
HII	Buy	HUNTINGTON INGALLS INDS INC	$1,741,000	-7.9%	12,366	+14.1%	0.98%	-2.4%
AMAT	Buy	APPLIED MATLS INC	$1,716,000	+6.5%	28,873	+8.4%	0.96%	+12.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,655,000	+4.7%	1,129	+1.3%	0.93%	+11.0%
NXPI	Sell	NXP SEMICONDUCTORS N V	$1,550,000	-2.6%	12,419	-11.0%	0.87%	+3.3%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$1,486,000	-13.0%	25,827	-6.8%	0.83%	-7.8%
FISV	New	FISERV INC	$1,429,000	–	13,866	–	0.80%	–
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,380,000	+8.8%	4,121	+0.2%	0.77%	+15.4%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$1,334,000	-14.2%	13,924	-14.8%	0.75%	-9.0%
ANTM	Sell	ANTHEM INC	$1,252,000	-5.3%	4,661	-7.3%	0.70%	+0.4%
APTV	Sell	APTIV PLC	$1,247,000	+8.5%	13,602	-7.8%	0.70%	+15.0%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,222,000	+9.5%	17,604	-10.4%	0.68%	+16.1%
ULTA	New	ULTA BEAUTY INC	$1,194,000	–	5,329	–	0.67%	–
GS	Sell	GOLDMAN SACHS GROUP INC	$1,141,000	-5.9%	5,676	-7.5%	0.64%	-0.2%
VLO	Sell	VALERO ENERGY CORP	$1,102,000	-41.8%	25,432	-21.0%	0.62%	-38.3%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,100,000	-5.6%	8,162	-5.7%	0.62%	+0.2%
VMW	New	VMWARE INC	$1,042,000	–	7,254	–	0.58%	–
EA	Sell	ELECTRONIC ARTS INC	$1,014,000	-42.8%	7,775	-42.1%	0.57%	-39.3%
MYL	Sell	MYLAN NV	$827,000	-14.9%	55,753	-7.8%	0.46%	-9.7%
VRP	Sell	INVESCO EXCH TRADED FD TR IIvar rate pfd	$821,000	+2.8%	33,367	-2.2%	0.46%	+9.0%
AAPL	Buy	APPLE INC	$405,000	+27.0%	3,500	+300.0%	0.23%	+35.1%
SCI	Buy	SERVICE CORP INTL	$259,000	+13.1%	6,128	+4.1%	0.14%	+19.8%
WRK	Sell	WESTROCK CO	$218,000	+6.3%	6,281	-13.2%	0.12%	+13.0%
KELYA	Sell	KELLY SVCS INCcl a	$212,000	-6.2%	12,461	-13.0%	0.12%	0.0%
IWB	New	ISHARES TRrus 1000 etf	$206,000	–	1,100	–	0.12%	–
CNOB	Sell	CONNECTONE BANCORP INC	$187,000	-24.6%	13,264	-13.9%	0.10%	-19.8%
PACW	New	PACWEST BANCORP DEL	$179,000	–	10,460	–	0.10%	–
STL	Sell	STERLING BANCORP DEL	$177,000	-14.5%	16,851	-4.6%	0.10%	-9.2%
HBI	Sell	HANESBRANDS INC	$170,000	+18.1%	10,813	-15.0%	0.10%	+25.0%
TWNK	Sell	HOSTESS BRANDS INCcl a	$155,000	-12.4%	12,568	-13.1%	0.09%	-6.5%
FFIC	New	FLUSHING FINL CORP	$154,000	–	14,643	–	0.09%	–
HTBK	Sell	HERITAGE COMM CORP	$149,000	-23.2%	22,315	-13.5%	0.08%	-18.6%
PLAB	Sell	PHOTRONICS INC	$135,000	-22.4%	13,528	-13.6%	0.08%	-17.4%
MTRX	Sell	MATRIX SVC CO	$91,000	-29.5%	10,859	-18.3%	0.05%	-25.0%
DGII	Exit	DIGI INTL INC	$0	–	-11,169	–	-0.07%	–
ENS	Exit	ENERSYS	$0	–	-3,122	–	-0.11%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-5,862	–	-0.12%	–
SMMD	Exit	ISHARES TRrusel 2500 etf	$0	–	-6,575	–	-0.15%	–
TS	Exit	TENARIS S Asponsored ads	$0	–	-164,619	–	-1.12%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-38,050	–	-2.23%	–
GLW	Exit	CORNING INC	$0	–	-185,824	–	-2.54%	–
CFG	Exit	CITIZENS FINANCIAL GROUP INC	$0	–	-191,539	–	-2.55%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-60,950	–	-3.27%	–

Q2 2020

			Value		Shares		↓ Weighting
ABBV	New	ABBVIE INC	$8,914,000	–	90,793	–	4.71%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$6,198,000	–	60,950	–	3.27%	–
GILD	New	GILEAD SCIENCES INC	$6,039,000	–	78,491	–	3.19%	–
IPG	New	INTERPUBLIC GROUP COS INC	$5,468,000	–	318,675	–	2.89%	–
AMGN	New	AMGEN INC	$5,442,000	–	23,071	–	2.87%	–
PPL	New	PPL CORP	$5,305,000	–	205,303	–	2.80%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$5,151,000	–	87,609	–	2.72%	–
TSN	New	TYSON FOODS INCcl a	$5,102,000	–	85,446	–	2.69%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$5,082,000	–	127,356	–	2.68%	–
PFF	New	ISHARES TRpfd and incm sec	$5,063,000	–	146,165	–	2.67%	–
JNJ	New	JOHNSON & JOHNSON	$5,018,000	–	35,680	–	2.65%	–
PRU	New	PRUDENTIAL FINL INC	$4,927,000	–	80,899	–	2.60%	–
CSCO	New	CISCO SYS INC	$4,856,000	–	104,107	–	2.56%	–
CFG	New	CITIZENS FINANCIAL GROUP INC	$4,834,000	–	191,539	–	2.55%	–
GLW	New	CORNING INC	$4,813,000	–	185,824	–	2.54%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$4,792,000	–	530,393	–	2.53%	–
GD	New	GENERAL DYNAMICS CORP	$4,691,000	–	31,389	–	2.48%	–
IP	New	INTL PAPER CO	$4,257,000	–	120,890	–	2.25%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,230,000	–	38,050	–	2.23%	–
MSFT	New	MICROSOFT CORP	$4,197,000	–	20,624	–	2.22%	–
NTAP	New	NETAPP INC	$4,144,000	–	93,394	–	2.19%	–
IVZ	New	INVESCO LTD	$3,881,000	–	360,685	–	2.05%	–
TAP	New	MOLSON COORS BEVERAGE COcl b	$3,741,000	–	108,870	–	1.98%	–
MET	New	METLIFE INC	$3,481,000	–	95,326	–	1.84%	–
FDX	New	FEDEX CORP	$3,458,000	–	24,663	–	1.83%	–
HPQ	New	HP INC	$3,456,000	–	198,288	–	1.82%	–
GM	New	GENERAL MTRS CO	$3,303,000	–	130,555	–	1.74%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$3,261,000	–	27,005	–	1.72%	–
VIAC	New	VIACOMCBS INCcl b	$3,143,000	–	134,774	–	1.66%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,098,000	–	10,503	–	1.64%	–
NEM	New	NEWMONT CORP	$2,863,000	–	46,375	–	1.51%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,703,000	–	69,346	–	1.43%	–
DOX	New	AMDOCS LTD	$2,582,000	–	42,408	–	1.36%	–
HD	New	HOME DEPOT INC	$2,450,000	–	9,782	–	1.29%	–
WFC	New	WELLS FARGO CO NEW	$2,408,000	–	94,065	–	1.27%	–
C	New	CITIGROUP INC	$2,327,000	–	45,529	–	1.23%	–
PM	New	PHILIP MORRIS INTL INC	$2,289,000	–	32,676	–	1.21%	–
LOW	New	LOWES COS INC	$2,278,000	–	16,857	–	1.20%	–
TS	New	TENARIS S Asponsored ads	$2,129,000	–	164,619	–	1.12%	–
VLO	New	VALERO ENERGY CORP	$1,894,000	–	32,205	–	1.00%	–
HII	New	HUNTINGTON INGALLS INDS INC	$1,891,000	–	10,835	–	1.00%	–
EA	New	ELECTRONIC ARTS INC	$1,772,000	–	13,417	–	0.94%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,708,000	–	27,724	–	0.90%	–
EOG	New	EOG RES INC	$1,673,000	–	33,033	–	0.88%	–
AMAT	New	APPLIED MATLS INC	$1,611,000	–	26,647	–	0.85%	–
NXPI	New	NXP SEMICONDUCTORS N V	$1,591,000	–	13,950	–	0.84%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,581,000	–	1,115	–	0.84%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,555,000	–	16,341	–	0.82%	–
ANTM	New	ANTHEM INC	$1,322,000	–	5,026	–	0.70%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,268,000	–	4,113	–	0.67%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,212,000	–	6,135	–	0.64%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,165,000	–	8,658	–	0.62%	–
APTV	New	APTIV PLC	$1,149,000	–	14,751	–	0.61%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,116,000	–	19,644	–	0.59%	–
MYL	New	MYLAN NV	$972,000	–	60,462	–	0.51%	–
VRP	New	INVESCO EXCHANGE-TRADED FD Tvar rate pfd	$799,000	–	34,103	–	0.42%	–
CATY	New	CATHAY GEN BANCORP	$337,000	–	12,800	–	0.18%	–
AAPL	New	APPLE INC	$319,000	–	875	–	0.17%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$290,000	–	3,907	–	0.15%	–
SMMD	New	ISHARES TRrusel 2500 etf	$279,000	–	6,575	–	0.15%	–
CNOB	New	CONNECTONE BANCORP INC NEW	$248,000	–	15,404	–	0.13%	–
PWR	New	QUANTA SVCS INC	$230,000	–	5,862	–	0.12%	–
SCI	New	SERVICE CORP INTL	$229,000	–	5,884	–	0.12%	–
KELYA	New	KELLY SVCS INCcl a	$226,000	–	14,318	–	0.12%	–
STL	New	STERLING BANCORP DEL	$207,000	–	17,659	–	0.11%	–
WRK	New	WESTROCK CO	$205,000	–	7,240	–	0.11%	–
ENS	New	ENERSYS	$201,000	–	3,122	–	0.11%	–
HTBK	New	HERITAGE COMMERCE CORP	$194,000	–	25,799	–	0.10%	–
TWNK	New	HOSTESS BRANDS INCcl a	$177,000	–	14,455	–	0.09%	–
PLAB	New	PHOTRONICS INC	$174,000	–	15,665	–	0.09%	–
HBI	New	HANESBRANDS INC	$144,000	–	12,718	–	0.08%	–
DGII	New	DIGI INTL INC	$130,000	–	11,169	–	0.07%	–
MTRX	New	MATRIX SVC CO	$129,000	–	13,294	–	0.07%	–

Q4 2019

			Value		Shares		↓ Weighting
LNDC	Exit	LANDEC CORP	$0	–	-18,371	–	-0.07%	–
THO	Exit	THOR INDS INC	$0	–	-3,671	–	-0.08%	–
INGR	Exit	INGREDION INC	$0	–	-2,619	–	-0.08%	–
OZK	Exit	BANK OZK	$0	–	-7,924	–	-0.08%	–
T	Exit	AT&T INC	$0	–	-5,767	–	-0.08%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-12,942	–	-0.08%	–
HUBB	Exit	HUBBELL INC	$0	–	-1,662	–	-0.08%	–
AAPL	Exit	APPLE INC	$0	–	-986	–	-0.08%	–
SYKE	Exit	SYKES ENTERPRISES INC	$0	–	-7,337	–	-0.08%	–
UCTT	Exit	ULTRA CLEAN HLDGS INC	$0	–	-15,823	–	-0.09%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-5,218	–	-0.09%	–
HTBK	Exit	HERITAGE COMMERCE CORP	$0	–	-20,198	–	-0.09%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-7,219	–	-0.09%	–
PFBC	Exit	PREFERRED BK LOS ANGELES CA	$0	–	-4,654	–	-0.09%	–
WRK	Exit	WESTROCK CO	$0	–	-6,690	–	-0.09%	–
KEM	Exit	KEMET CORP	$0	–	-13,651	–	-0.09%	–
BDC	Exit	BELDEN INC	$0	–	-4,681	–	-0.09%	–
APOG	Exit	APOGEE ENTERPRISES INC	$0	–	-6,500	–	-0.09%	–
PACW	Exit	PACWEST BANCORP DEL	$0	–	-6,944	–	-0.09%	–
HBI	Exit	HANESBRANDS INC	$0	–	-16,741	–	-0.10%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-13,033	–	-0.10%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-10,750	–	-0.10%	–
VRNT	Exit	VERINT SYS INC	$0	–	-6,166	–	-0.10%	–
TKR	Exit	TIMKEN CO	$0	–	-6,079	–	-0.10%	–
WWW	Exit	WOLVERINE WORLD WIDE INC	$0	–	-9,491	–	-0.10%	–
BC	Exit	BRUNSWICK CORP	$0	–	-5,212	–	-0.10%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-3,845	–	-0.10%	–
GVA	Exit	GRANITE CONSTR INC	$0	–	-8,509	–	-0.10%	–
ITGR	Exit	INTEGER HLDGS CORP	$0	–	-3,834	–	-0.11%	–
ENS	Exit	ENERSYS	$0	–	-4,789	–	-0.12%	–
ABM	Exit	ABM INDS INC	$0	–	-8,777	–	-0.12%	–
GMED	Exit	GLOBUS MED INCcl a	$0	–	-6,229	–	-0.12%	–
MED	Exit	MEDIFAST INC	$0	–	-3,084	–	-0.12%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-29,506	–	-0.12%	–
CNOB	Exit	CONNECTONE BANCORP INC NEW	$0	–	-14,638	–	-0.12%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-8,786	–	-0.12%	–
MKSI	Exit	MKS INSTRUMENT INC	$0	–	-3,675	–	-0.13%	–
CENT	Exit	CENTRAL GARDEN & PET CO	$0	–	-13,306	–	-0.14%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-9,463	–	-0.17%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-16,000	–	-0.21%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-66,023	–	-0.22%	–
VRP	Exit	INVESCO EXCHNG TRADED FD TRvar rate pfd	$0	–	-34,703	–	-0.33%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-8,290	–	-0.39%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,229	–	-0.47%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-23,396	–	-0.52%	–
MYL	Exit	MYLAN N V	$0	–	-74,704	–	-0.55%	–
ANTM	Exit	ANTHEM INC	$0	–	-6,221	–	-0.56%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-7,301	–	-0.56%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-17,031	–	-0.58%	–
APTV	Exit	APTIV PLC	$0	–	-18,276	–	-0.59%	–
SNA	Exit	SNAP ON INC	$0	–	-10,392	–	-0.60%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-30,507	–	-0.61%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDG L	$0	–	-31,879	–	-0.61%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-17,168	–	-0.62%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-34,147	–	-0.63%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-17,846	–	-0.72%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-50,825	–	-0.85%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-93,625	–	-0.97%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-67,652	–	-1.01%	–
PNR	Exit	PENTAIR PLC	$0	–	-74,412	–	-1.04%	–
SVC	Exit	SERVICE PPTYS TR	$0	–	-112,080	–	-1.07%	–
RTN	Exit	RAYTHEON CO	$0	–	-14,735	–	-1.07%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-13,390	–	-1.08%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-37,756	–	-1.11%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-16,480	–	-1.12%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-38,842	–	-1.24%	–
FDX	Exit	FEDEX CORP	$0	–	-23,191	–	-1.25%	–
DOW	Exit	DOW INC	$0	–	-76,855	–	-1.36%	–
C	Exit	CITIGROUP INC	$0	–	-54,000	–	-1.38%	–
BAC	Exit	BANK AMER CORP	$0	–	-128,531	–	-1.39%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-86,294	–	-1.40%	–
CSCO	Exit	CISCO SYS INC	$0	–	-79,194	–	-1.45%	–
GM	Exit	GENERAL MTRS CO	$0	–	-107,973	–	-1.50%	–
AMGN	Exit	AMGEN INC	$0	–	-22,739	–	-1.63%	–
USB	Exit	US BANCORP DEL	$0	–	-80,297	–	-1.65%	–
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-46,183	–	-1.86%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-39,006	–	-1.87%	–
NUE	Exit	NUCOR CORP	$0	–	-100,012	–	-1.89%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-100,563	–	-1.89%	–
MET	Exit	METLIFE INC	$0	–	-111,352	–	-1.95%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-159,344	–	-2.09%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-36,375	–	-2.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-40,963	–	-2.11%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-90,485	–	-2.13%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-140,415	–	-2.14%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-57,496	–	-2.17%	–
IP	Exit	INTL PAPER CO	$0	–	-139,920	–	-2.17%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-156,173	–	-2.18%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-414,812	–	-2.20%	–
BLK	Exit	BLACKROCK INC	$0	–	-13,323	–	-2.20%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-282,856	–	-2.26%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-150,296	–	-2.48%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-120,521	–	-2.57%	–
IVZ	Exit	INVESCO LTD	$0	–	-413,029	–	-2.60%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-141,159	–	-2.64%	–
BP	Exit	BP PLCsponsored adr	$0	–	-187,809	–	-2.65%	–
KR	Exit	KROGER CO	$0	–	-294,909	–	-2.82%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-130,264	–	-3.05%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-92,988	–	-3.10%	–
ABBV	Exit	ABBVIE INC	$0	–	-113,101	–	-3.18%	–
BIL	Exit	SPDR SERIES TRUSTspdr bloomberg	$0	–	-159,215	–	-5.41%	–

Q3 2019

			Value		Shares		↓ Weighting
BIL	Buy	SPDR SERIES TRUSTspdr bloomberg	$14,583,000	+3.1%	159,215	+3.1%	5.41%	+6.3%
ABBV	Sell	ABBVIE INC	$8,564,000	+3.2%	113,101	-0.8%	3.18%	+6.5%
PRU	Buy	PRUDENTIAL FINL INC	$8,364,000	-3.0%	92,988	+9.0%	3.10%	+0.0%
CVS	Sell	CVS HEALTH CORP	$8,216,000	+12.7%	130,264	-2.6%	3.05%	+16.2%
KR	Sell	KROGER CO	$7,603,000	+17.0%	294,909	-1.5%	2.82%	+20.6%
BP	Buy	BP PLCsponsored adr	$7,135,000	+2.9%	187,809	+13.0%	2.65%	+6.1%
WFC	Sell	WELLS FARGO CO NEW	$7,120,000	+4.6%	141,159	-1.8%	2.64%	+7.9%
IVZ	Buy	INVESCO LTD	$6,997,000	+6.7%	413,029	+28.9%	2.60%	+10.0%
TAP	Sell	MOLSON COORS BREWING COcl b	$6,930,000	+1.3%	120,521	-1.4%	2.57%	+4.4%
OXY	Buy	OCCIDENTAL PETE CORP	$6,684,000	+13.7%	150,296	+28.6%	2.48%	+17.2%
IPG	Sell	INTERPUBLIC GROUP COS INC	$6,098,000	-6.1%	282,856	-1.6%	2.26%	-3.2%
BLK	Sell	BLACKROCK INC	$5,937,000	-6.7%	13,323	-1.8%	2.20%	-3.8%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$5,919,000	+1.1%	414,812	-2.1%	2.20%	+4.2%
PFF	Buy	ISHARES TRpfd and incm sec	$5,861,000	+4.6%	156,173	+2.7%	2.18%	+7.8%
IP	Buy	INTL PAPER CO	$5,851,000	+4.7%	139,920	+8.5%	2.17%	+8.0%
MINT	Buy	PIMCO ETF TRenhan shrt ma ac	$5,849,000	+4.4%	57,496	+4.4%	2.17%	+7.7%
ADM	Sell	ARCHER DANIELS MIDLAND CO	$5,767,000	-0.7%	140,415	-1.3%	2.14%	+2.4%
GILD	Sell	GILEAD SCIENCES INC	$5,735,000	-7.5%	90,485	-1.4%	2.13%	-4.7%
MSFT	Sell	MICROSOFT CORP	$5,695,000	+0.4%	40,963	-3.2%	2.11%	+3.5%
SPG	New	SIMON PPTY GROUP INC NEW	$5,662,000	–	36,375	–	2.10%	–
CFG	Sell	CITIZENS FINL GROUP INC	$5,636,000	-1.2%	159,344	-1.2%	2.09%	+1.9%
MET	Sell	METLIFE INC	$5,251,000	-6.8%	111,352	-1.8%	1.95%	-3.9%
BMY	New	BRISTOL MYERS SQUIBB CO	$5,100,000	–	100,563	–	1.89%	–
NUE	Sell	NUCOR CORP	$5,092,000	-8.6%	100,012	-1.0%	1.89%	-5.7%
JNJ	New	JOHNSON & JOHNSON	$5,047,000	–	39,006	–	1.87%	–
JNK	Buy	SPDR SERIES TRUSTbloomberg brclys	$5,022,000	+2.4%	46,183	+2.6%	1.86%	+5.5%
USB	Buy	US BANCORP DEL	$4,444,000	+6.1%	80,297	+0.5%	1.65%	+9.4%
AMGN	Buy	AMGEN INC	$4,400,000	+5.1%	22,739	+0.1%	1.63%	+8.4%
GM	Buy	GENERAL MTRS CO	$4,047,000	-2.0%	107,973	+0.8%	1.50%	+1.0%
CSCO	Buy	CISCO SYS INC	$3,913,000	-2.6%	79,194	+7.8%	1.45%	+0.3%
CCL	Buy	CARNIVAL CORPunit 99/99/9999	$3,772,000	+9.4%	86,294	+16.6%	1.40%	+12.8%
BAC	Sell	BANK AMER CORP	$3,749,000	-5.4%	128,531	-5.9%	1.39%	-2.5%
C	Sell	CITIGROUP INC	$3,730,000	-6.5%	54,000	-5.2%	1.38%	-3.7%
DOW	Buy	DOW INC	$3,662,000	-1.2%	76,855	+2.2%	1.36%	+1.8%
FDX	Sell	FEDEX CORP	$3,376,000	-16.4%	23,191	-5.7%	1.25%	-13.8%
TSN	Sell	TYSON FOODS INCcl a	$3,346,000	-0.9%	38,842	-7.1%	1.24%	+2.1%
GD	Sell	GENERAL DYNAMICS CORP	$3,011,000	-5.4%	16,480	-5.8%	1.12%	-2.4%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$2,992,000	-3.5%	37,756	-6.0%	1.11%	-0.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$2,910,000	-13.8%	13,390	-3.2%	1.08%	-11.2%
RTN	New	RAYTHEON CO	$2,891,000	–	14,735	–	1.07%	–
SVC	New	SERVICE PPTYS TR	$2,891,000	–	112,080	–	1.07%	–
PNR	Sell	PENTAIR PLC	$2,813,000	-2.7%	74,412	-4.2%	1.04%	+0.3%
CBS	Sell	CBS CORP NEWcl b	$2,731,000	-23.1%	67,652	-4.9%	1.01%	-20.7%
KHC	Buy	KRAFT HEINZ CO	$2,615,000	-7.8%	93,625	+2.4%	0.97%	-4.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,291,000	-4.0%	50,825	-10.0%	0.85%	-1.0%
NXPI	Sell	NXP SEMICONDUCTORS N V	$1,947,000	+1.8%	17,846	-8.9%	0.72%	+4.9%
AMAT	Sell	APPLIED MATLS INC	$1,704,000	+0.5%	34,147	-9.5%	0.63%	+3.6%
EA	New	ELECTRONIC ARTS INC	$1,679,000	–	17,168	–	0.62%	–
LUV	Sell	SOUTHWEST AIRLS CO	$1,648,000	-1.9%	30,507	-7.8%	0.61%	+1.2%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDG L	$1,650,000	-12.2%	31,879	-9.0%	0.61%	-9.5%
SNA	Sell	SNAP ON INC	$1,627,000	-13.1%	10,392	-8.0%	0.60%	-10.4%
APTV	Sell	APTIV PLC	$1,598,000	-2.4%	18,276	-9.8%	0.59%	+0.5%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$1,554,000	-2.6%	17,031	-4.1%	0.58%	+0.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,513,000	-6.6%	7,301	-7.8%	0.56%	-3.6%
ANTM	New	ANTHEM INC	$1,494,000	–	6,221	–	0.56%	–
MYL	Sell	MYLAN N V	$1,478,000	-4.4%	74,704	-8.0%	0.55%	-1.4%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,410,000	-12.0%	23,396	-7.5%	0.52%	-9.4%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,255,000	-11.4%	4,229	-12.5%	0.47%	-8.6%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,057,000	+1.9%	8,290	-0.6%	0.39%	+5.1%
VRP	Buy	INVESCO EXCHNG TRADED FD TRvar rate pfd	$882,000	+6.9%	34,703	+4.9%	0.33%	+10.1%
GE	Sell	GENERAL ELECTRIC CO	$590,000	-16.2%	66,023	-1.5%	0.22%	-13.4%
SCI	Sell	SERVICE CORP INTL	$452,000	-2.6%	9,463	-4.6%	0.17%	+0.6%
CENT	Buy	CENTRAL GARDEN & PET CO	$389,000	+55.6%	13,306	+43.4%	0.14%	+60.0%
MKSI	Buy	MKS INSTRUMENT INC	$339,000	+27.9%	3,675	+8.0%	0.13%	+32.6%
PWR	Buy	QUANTA SVCS INC	$332,000	+27.2%	8,786	+28.5%	0.12%	+30.9%
CNOB	Sell	CONNECTONE BANCORP INC NEW	$325,000	-6.1%	14,638	-4.3%	0.12%	-3.2%
PLAB	Buy	PHOTRONICS INC	$321,000	+59.7%	29,506	+20.3%	0.12%	+65.3%
MED	New	MEDIFAST INC	$320,000	–	3,084	–	0.12%	–
GMED	Sell	GLOBUS MED INCcl a	$318,000	+15.6%	6,229	-4.0%	0.12%	+19.2%
ABM	Buy	ABM INDS INC	$319,000	+19.5%	8,777	+31.3%	0.12%	+22.9%
ENS	Buy	ENERSYS	$316,000	+17.0%	4,789	+21.5%	0.12%	+20.6%
ITGR	Buy	INTEGER HLDGS CORP	$290,000	+19.3%	3,834	+32.5%	0.11%	+24.1%
SCHX	Sell	SCHWAB STRATEGIC TRus lrg cap etf	$273,000	-1.4%	3,845	-2.5%	0.10%	+1.0%
GVA	Buy	GRANITE CONSTR INC	$273,000	-16.3%	8,509	+25.8%	0.10%	-13.7%
BC	Sell	BRUNSWICK CORP	$272,000	+7.9%	5,212	-5.0%	0.10%	+11.0%
WWW	New	WOLVERINE WORLD WIDE INC	$268,000	–	9,491	–	0.10%	–
TKR	Buy	TIMKEN CO	$264,000	+7.3%	6,079	+26.9%	0.10%	+10.1%
VRNT	New	VERINT SYS INC	$264,000	–	6,166	–	0.10%	–
STL	Sell	STERLING BANCORP DEL	$261,000	-10.3%	13,033	-4.6%	0.10%	-7.6%
KELYA	Sell	KELLY SVCS INCcl a	$260,000	-12.2%	10,750	-4.9%	0.10%	-9.3%
HBI	Buy	HANESBRANDS INC	$256,000	+35.4%	16,741	+52.2%	0.10%	+39.7%
APOG	Sell	APOGEE ENTERPRISES INC	$253,000	-14.2%	6,500	-4.2%	0.09%	-11.3%
PACW	Sell	PACWEST BANCORP DEL	$252,000	-10.3%	6,944	-3.9%	0.09%	-6.9%
BDC	New	BELDEN INC	$250,000	–	4,681	–	0.09%	–
KEM	Buy	KEMET CORP	$248,000	+11.2%	13,651	+15.3%	0.09%	+15.0%
WRK	Sell	WESTROCK CO	$244,000	-6.2%	6,690	-6.0%	0.09%	-3.2%
PFBC	Sell	PREFERRED BK LOS ANGELES CA	$244,000	-16.4%	4,654	-24.6%	0.09%	-13.3%
MEI	Sell	METHODE ELECTRS INC	$243,000	+12.0%	7,219	-5.1%	0.09%	+15.4%
HTBK	Sell	HERITAGE COMMERCE CORP	$237,000	-8.5%	20,198	-4.5%	0.09%	-5.4%
UCTT	Sell	ULTRA CLEAN HLDGS INC	$232,000	-0.4%	15,823	-5.6%	0.09%	+2.4%
EWBC	Sell	EAST WEST BANCORP INC	$231,000	-10.1%	5,218	-4.9%	0.09%	-7.5%
SYKE	Sell	SYKES ENTERPRISES INC	$225,000	-18.2%	7,337	-26.9%	0.08%	-15.2%
AAPL	New	APPLE INC	$221,000	–	986	–	0.08%	–
HUBB	Sell	HUBBELL INC	$218,000	-3.5%	1,662	-3.9%	0.08%	0.0%
T	Sell	AT&T INC	$218,000	-97.0%	5,767	-97.3%	0.08%	-96.9%
VSH	Sell	VISHAY INTERTECHNOLOGY INC	$219,000	-2.2%	12,942	-4.4%	0.08%	0.0%
OZK	Sell	BANK OZK	$216,000	-13.6%	7,924	-4.6%	0.08%	-11.1%
INGR	New	INGREDION INC	$214,000	–	2,619	–	0.08%	–
THO	Sell	THOR INDS INC	$208,000	-8.4%	3,671	-5.4%	0.08%	-6.1%
LNDC	Sell	LANDEC CORP	$200,000	+11.1%	18,371	-4.3%	0.07%	+13.8%
FHN	Exit	FIRST HORIZON NATL CORP	$0	–	-12,009	–	-0.06%	–
CBM	Exit	CAMBREX CORP	$0	–	-4,826	–	-0.08%	–
OC	Exit	OWENS CORNING NEW	$0	–	-5,420	–	-0.11%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-22,836	–	-0.62%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-16,112	–	-0.68%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-108,709	–	-0.98%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-39,189	–	-1.46%	–
ETN	Exit	EATON CORP PLC	$0	–	-51,136	–	-1.53%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-86,494	–	-1.80%	–
TGT	Exit	TARGET CORP	$0	–	-79,516	–	-2.48%	–

Q2 2019

			Value		Shares		↓ Weighting
BIL	New	SPDR SERIES TRUSTspdr bloomberg	$14,148,000	–	154,440	–	5.09%	–
PRU	New	PRUDENTIAL FINL INC	$8,620,000	–	85,346	–	3.10%	–
ABBV	New	ABBVIE INC	$8,295,000	–	114,067	–	2.99%	–
CVS	New	CVS HEALTH CORP	$7,287,000	–	133,728	–	2.62%	–
T	New	AT&T INC	$7,265,000	–	216,787	–	2.62%	–
BP	New	BP PLCsponsored adr	$6,932,000	–	166,246	–	2.50%	–
TGT	New	TARGET CORP	$6,887,000	–	79,516	–	2.48%	–
TAP	New	MOLSON COORS BREWING COcl b	$6,844,000	–	122,209	–	2.46%	–
WFC	New	WELLS FARGO CO NEW	$6,805,000	–	143,799	–	2.45%	–
IVZ	New	INVESCO LTD	$6,557,000	–	320,469	–	2.36%	–
KR	New	KROGER CO	$6,501,000	–	299,449	–	2.34%	–
IPG	New	INTERPUBLIC GROUP COS INC	$6,495,000	–	287,513	–	2.34%	–
BLK	New	BLACKROCK INC	$6,366,000	–	13,565	–	2.29%	–
GILD	New	GILEAD SCIENCES INC	$6,202,000	–	91,807	–	2.23%	–
OXY	New	OCCIDENTAL PETE CORP	$5,877,000	–	116,878	–	2.12%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$5,857,000	–	423,840	–	2.11%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$5,805,000	–	142,282	–	2.09%	–
CFG	New	CITIZENS FINL GROUP INC	$5,703,000	–	161,294	–	2.05%	–
MSFT	New	MICROSOFT CORP	$5,671,000	–	42,336	–	2.04%	–
MET	New	METLIFE INC	$5,632,000	–	113,397	–	2.03%	–
PFF	New	ISHARES TRpfd and incm sec	$5,605,000	–	152,107	–	2.02%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$5,601,000	–	55,048	–	2.02%	–
IP	New	INTL PAPER CO	$5,587,000	–	128,977	–	2.01%	–
NUE	New	NUCOR CORP	$5,569,000	–	101,072	–	2.00%	–
PFG	New	PRINCIPAL FINL GROUP INC	$5,010,000	–	86,494	–	1.80%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$4,905,000	–	45,023	–	1.77%	–
ETN	New	EATON CORP PLC	$4,259,000	–	51,136	–	1.53%	–
USB	New	US BANCORP DEL	$4,188,000	–	79,930	–	1.51%	–
AMGN	New	AMGEN INC	$4,185,000	–	22,708	–	1.51%	–
GM	New	GENERAL MTRS CO	$4,129,000	–	107,155	–	1.49%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,047,000	–	39,189	–	1.46%	–
FDX	New	FEDEX CORP	$4,036,000	–	24,581	–	1.45%	–
CSCO	New	CISCO SYS INC	$4,019,000	–	73,437	–	1.45%	–
C	New	CITIGROUP INC	$3,991,000	–	56,984	–	1.44%	–
BAC	New	BANK AMER CORP	$3,962,000	–	136,631	–	1.43%	–
DOW	New	DOW INC	$3,707,000	–	75,178	–	1.34%	–
CBS	New	CBS CORP NEWcl b	$3,551,000	–	71,161	–	1.28%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$3,447,000	–	74,039	–	1.24%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,377,000	–	13,839	–	1.22%	–
TSN	New	TYSON FOODS INCcl a	$3,377,000	–	41,825	–	1.22%	–
GD	New	GENERAL DYNAMICS CORP	$3,182,000	–	17,501	–	1.15%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$3,102,000	–	40,149	–	1.12%	–
PNR	New	PENTAIR PLC	$2,891,000	–	77,707	–	1.04%	–
KHC	New	KRAFT HEINZ CO	$2,837,000	–	91,406	–	1.02%	–
HPT	New	HOSPITALITY PPTYS TR	$2,718,000	–	108,709	–	0.98%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,387,000	–	56,450	–	0.86%	–
NXPI	New	NXP SEMICONDUCTORS N V	$1,913,000	–	19,599	–	0.69%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$1,897,000	–	16,112	–	0.68%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$1,879,000	–	35,042	–	0.68%	–
SNA	New	SNAP ON INC	$1,872,000	–	11,301	–	0.67%	–
DD	New	DUPONT DE NEMOURS INC	$1,714,000	–	22,836	–	0.62%	–
AMAT	New	APPLIED MATLS INC	$1,695,000	–	37,732	–	0.61%	–
LUV	New	SOUTHWEST AIRLS CO	$1,680,000	–	33,077	–	0.60%	–
APTV	New	APTIV PLC	$1,638,000	–	20,268	–	0.59%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,620,000	–	7,919	–	0.58%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,603,000	–	25,294	–	0.58%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,595,000	–	17,754	–	0.57%	–
MYL	New	MYLAN N V	$1,546,000	–	81,206	–	0.56%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,416,000	–	4,833	–	0.51%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,037,000	–	8,337	–	0.37%	–
VRP	New	INVESCO EXCHNG TRADED FD TRvar rate pfd	$825,000	–	33,080	–	0.30%	–
GE	New	GENERAL ELECTRIC CO	$704,000	–	67,060	–	0.25%	–
CATY	New	CATHAY GEN BANCORP	$575,000	–	16,000	–	0.21%	–
SCI	New	SERVICE CORP INTL	$464,000	–	9,924	–	0.17%	–
CNOB	New	CONNECTONE BANCORP INC NEW	$346,000	–	15,290	–	0.12%	–
GVA	New	GRANITE CONSTR INC	$326,000	–	6,762	–	0.12%	–
OC	New	OWENS CORNING NEW	$315,000	–	5,420	–	0.11%	–
KELYA	New	KELLY SVCS INCcl a	$296,000	–	11,304	–	0.11%	–
APOG	New	APOGEE ENTERPRISES INC	$295,000	–	6,785	–	0.11%	–
STL	New	STERLING BANCORP DEL	$291,000	–	13,661	–	0.10%	–
PFBC	New	PREFERRED BK LOS ANGELES CA	$292,000	–	6,174	–	0.10%	–
PACW	New	PACWEST BANCORP DEL	$281,000	–	7,229	–	0.10%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$277,000	–	3,944	–	0.10%	–
SYKE	New	SYKES ENTERPRISES INC	$275,000	–	10,031	–	0.10%	–
GMED	New	GLOBUS MED INCcl a	$275,000	–	6,490	–	0.10%	–
ENS	New	ENERSYS	$270,000	–	3,941	–	0.10%	–
ABM	New	ABM INDS INC	$267,000	–	6,685	–	0.10%	–
MKSI	New	MKS INSTRUMENT INC	$265,000	–	3,403	–	0.10%	–
WRK	New	WESTROCK CO	$260,000	–	7,119	–	0.09%	–
PWR	New	QUANTA SVCS INC	$261,000	–	6,836	–	0.09%	–
EWBC	New	EAST WEST BANCORP INC	$257,000	–	5,485	–	0.09%	–
HTBK	New	HERITAGE COMMERCE CORP	$259,000	–	21,153	–	0.09%	–
BC	New	BRUNSWICK CORP	$252,000	–	5,486	–	0.09%	–
CENT	New	CENTRAL GARDEN & PET CO	$250,000	–	9,281	–	0.09%	–
OZK	New	BANK OZK	$250,000	–	8,304	–	0.09%	–
TKR	New	TIMKEN CO	$246,000	–	4,791	–	0.09%	–
ITGR	New	INTEGER HLDGS CORP	$243,000	–	2,893	–	0.09%	–
UCTT	New	ULTRA CLEAN HLDGS INC	$233,000	–	16,768	–	0.08%	–
THO	New	THOR INDS INC	$227,000	–	3,879	–	0.08%	–
HUBB	New	HUBBELL INC	$226,000	–	1,730	–	0.08%	–
CBM	New	CAMBREX CORP	$226,000	–	4,826	–	0.08%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$224,000	–	13,532	–	0.08%	–
KEM	New	KEMET CORP	$223,000	–	11,837	–	0.08%	–
MEI	New	METHODE ELECTRS INC	$217,000	–	7,609	–	0.08%	–
PLAB	New	PHOTRONICS INC	$201,000	–	24,530	–	0.07%	–
HBI	New	HANESBRANDS INC	$189,000	–	10,999	–	0.07%	–
LNDC	New	LANDEC CORP	$180,000	–	19,196	–	0.06%	–
FHN	New	FIRST HORIZON NATL CORP	$179,000	–	12,009	–	0.06%	–

Q4 2018

			Value		Shares		↓ Weighting
UCTT	Exit	ULTRA CLEAN HLDGS INC	$0	–	-10,209	–	-0.04%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-3,665	–	-0.07%	–
INGR	Exit	INGREDION INC	$0	–	-2,012	–	-0.07%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-7,679	–	-0.08%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-10,541	–	-0.08%	–
THO	Exit	THOR INDS INC	$0	–	-2,659	–	-0.08%	–
OZK	Exit	BANK OZK	$0	–	-6,024	–	-0.08%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-8,938	–	-0.08%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-4,076	–	-0.08%	–
MTRX	Exit	MATRIX SVC CO	$0	–	-9,489	–	-0.08%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-3,440	–	-0.08%	–
CSV	Exit	CARRIAGE SVCS INC	$0	–	-11,153	–	-0.08%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-4,584	–	-0.08%	–
FORM	Exit	FORMFACTOR INC	$0	–	-17,527	–	-0.08%	–
MKSI	Exit	MKS INSTRUMENT INC	$0	–	-3,056	–	-0.09%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-10,668	–	-0.09%	–
TOWR	Exit	TOWER INTL INC	$0	–	-8,439	–	-0.09%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-26,107	–	-0.09%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-11,774	–	-0.09%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-7,273	–	-0.09%	–
LNDC	Exit	LANDEC CORP	$0	–	-18,410	–	-0.09%	–
TKR	Exit	TIMKEN CO	$0	–	-5,327	–	-0.09%	–
FHN	Exit	FIRST HORIZON NATL CORP	$0	–	-15,659	–	-0.09%	–
APOG	Exit	APOGEE ENTERPRISES INC	$0	–	-6,559	–	-0.10%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-4,518	–	-0.10%	–
OC	Exit	OWENS CORNING NEW	$0	–	-5,018	–	-0.10%	–
HTBK	Exit	HERITAGE COMMERCE CORP	$0	–	-18,477	–	-0.10%	–
BDC	Exit	BELDEN INC	$0	–	-3,867	–	-0.10%	–
ABM	Exit	ABM INDS INC	$0	–	-8,786	–	-0.10%	–
EFII	Exit	ELECTRONICS FOR IMAGING INC	$0	–	-8,276	–	-0.10%	–
PACW	Exit	PACWEST BANCORP DEL	$0	–	-6,018	–	-0.10%	–
GVA	Exit	GRANITE CONSTR INC	$0	–	-6,820	–	-0.11%	–
CNOB	Exit	CONNECTONE BANCORP INC NEW	$0	–	-13,761	–	-0.11%	–
SYKE	Exit	SYKES ENTERPRISES INC	$0	–	-10,807	–	-0.12%	–
BC	Exit	BRUNSWICK CORP	$0	–	-4,888	–	-0.12%	–
ENS	Exit	ENERSYS	$0	–	-3,851	–	-0.12%	–
PFBC	Exit	PREFERRED BK LOS ANGELES CA	$0	–	-5,775	–	-0.12%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-10,204	–	-0.12%	–
HBI	Exit	HANESBRANDS INC	$0	–	-19,645	–	-0.13%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-10,013	–	-0.16%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-18,204	–	-0.26%	–
VRP	Exit	INVESCO EXCHNG TRADED FD TRvar rate pfd	$0	–	-34,823	–	-0.30%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-10,522	–	-0.42%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-17,529	–	-0.51%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-5,162	–	-0.52%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-42,758	–	-0.58%	–
APTV	Exit	APTIV PLC	$0	–	-21,317	–	-0.62%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-20,230	–	-0.64%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-21,744	–	-0.65%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-8,734	–	-0.68%	–
MYL	Exit	MYLAN N V	$0	–	-53,727	–	-0.69%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-51,624	–	-0.70%	–
PPG	Exit	PPG INDS INC	$0	–	-18,523	–	-0.71%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-187,810	–	-0.74%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-17,885	–	-0.74%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-28,243	–	-0.76%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDG L	$0	–	-39,801	–	-0.80%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-64,975	–	-0.80%	–
PNR	Exit	PENTAIR PLC	$0	–	-53,522	–	-0.81%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-37,212	–	-0.81%	–
SNA	Exit	SNAP ON INC	$0	–	-12,841	–	-0.82%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-18,501	–	-0.85%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-46,136	–	-0.96%	–
AAPL	Exit	APPLE INC	$0	–	-13,507	–	-1.06%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-109,670	–	-1.10%	–
C	Exit	CITIGROUP INC	$0	–	-45,167	–	-1.13%	–
F	Exit	FORD MTR CO DEL	$0	–	-359,435	–	-1.16%	–
BAC	Exit	BANK AMER CORP	$0	–	-114,689	–	-1.18%	–
GM	Exit	GENERAL MTRS CO	$0	–	-101,522	–	-1.19%	–
USB	Exit	US BANCORP DEL	$0	–	-72,666	–	-1.34%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-14,772	–	-1.37%	–
KR	Exit	KROGER CO	$0	–	-137,222	–	-1.40%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-62,310	–	-1.40%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-49,335	–	-1.43%	–
ORCL	Exit	ORACLE CORP	$0	–	-79,670	–	-1.44%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-35,831	–	-1.46%	–
NUE	Exit	NUCOR CORP	$0	–	-68,635	–	-1.52%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-53,103	–	-1.52%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-60,248	–	-1.53%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-32,418	–	-1.56%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-79,607	–	-1.60%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-71,822	–	-1.60%	–
FDX	Exit	FEDEX CORP	$0	–	-20,983	–	-1.76%	–
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-142,980	–	-1.80%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-148,047	–	-1.92%	–
MET	Exit	METLIFE INC	$0	–	-117,997	–	-1.93%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-70,959	–	-1.94%	–
IP	Exit	INTL PAPER CO	$0	–	-113,166	–	-1.94%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-98,853	–	-2.12%	–
INTC	Exit	INTEL CORP	$0	–	-130,816	–	-2.16%	–
ABBV	Exit	ABBVIE INC	$0	–	-65,463	–	-2.16%	–
SJM	Exit	SMUCKER J M CO	$0	–	-60,463	–	-2.17%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-61,111	–	-2.17%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-181,640	–	-2.22%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-440,829	–	-2.30%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-83,641	–	-2.30%	–
CSCO	Exit	CISCO SYS INC	$0	–	-135,958	–	-2.31%	–
T	Exit	AT&T INC	$0	–	-198,096	–	-2.32%	–
BIL	Exit	SPDR SER TRspdr bloomberg	$0	–	-75,529	–	-2.42%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-311,635	–	-2.49%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-92,498	–	-2.50%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-142,564	–	-2.62%	–
BP	Exit	BP PLCsponsored adr	$0	–	-166,286	–	-2.68%	–
IVZ	Exit	INVESCO LTD	$0	–	-337,299	–	-2.70%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-68,061	–	-2.72%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-89,969	–	-3.18%	–

Q3 2018

			Value		Shares		↓ Weighting
PRU	Sell	PRUDENTIAL FINL INC	$9,116,000	+8.0%	89,969	-0.3%	3.18%	+11.4%
MSFT	Sell	MICROSOFT CORP	$7,784,000	+13.5%	68,061	-2.1%	2.72%	+17.1%
IVZ	New	INVESCO LTD	$7,717,000	–	337,299	–	2.70%	–
BP	Sell	BP PLCsponsored adr	$7,666,000	-0.6%	166,286	-1.5%	2.68%	+2.6%
WFC	Sell	WELLS FARGO CO NEW	$7,493,000	-6.6%	142,564	-1.5%	2.62%	-3.6%
GILD	Buy	GILEAD SCIENCES INC	$7,142,000	+9.5%	92,498	+0.5%	2.50%	+13.0%
IPG	Sell	INTERPUBLIC GROUP COS INC	$7,127,000	-2.8%	311,635	-0.4%	2.49%	+0.3%
BIL	New	SPDR SER TRspdr bloomberg	$6,917,000	–	75,529	–	2.42%	–
T	Sell	AT&T INC	$6,652,000	+3.6%	198,096	-1.0%	2.32%	+6.9%
CSCO	Sell	CISCO SYS INC	$6,614,000	+12.0%	135,958	-0.9%	2.31%	+15.6%
CVS	Sell	CVS HEALTH CORP	$6,584,000	+21.4%	83,641	-0.7%	2.30%	+25.3%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$6,577,000	+0.2%	440,829	-0.9%	2.30%	+3.4%
JCI	Sell	JOHNSON CTLS INTL PLC	$6,357,000	+2.7%	181,640	-1.9%	2.22%	+5.9%
KLAC	Sell	KLA-TENCOR CORP	$6,216,000	-1.8%	61,111	-1.0%	2.17%	+1.3%
SJM	Sell	SMUCKER J M CO	$6,204,000	-5.8%	60,463	-1.4%	2.17%	-2.9%
ABBV	Sell	ABBVIE INC	$6,191,000	+1.5%	65,463	-0.6%	2.16%	+4.7%
INTC	Buy	INTEL CORP	$6,186,000	-3.0%	130,816	+2.0%	2.16%	+0.1%
TAP	Buy	MOLSON COORS BREWING COcl b	$6,079,000	+279.5%	98,853	+320.0%	2.12%	+291.9%
IP	Sell	INTL PAPER CO	$5,562,000	-5.8%	113,166	-0.2%	1.94%	-2.8%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,546,000	+0.6%	70,959	+0.5%	1.94%	+3.8%
MET	Sell	METLIFE INC	$5,513,000	+6.9%	117,997	-0.2%	1.93%	+10.3%
PFF	Sell	ISHARES TRs&p us pfd stk	$5,497,000	-2.3%	148,047	-0.8%	1.92%	+0.8%
JNK	Buy	SPDR SERIES TRUSTbloomberg brclys	$5,154,000	+18.9%	142,980	+17.0%	1.80%	+22.7%
FDX	Sell	FEDEX CORP	$5,052,000	+5.5%	20,983	-0.5%	1.76%	+8.9%
CCL	Buy	CARNIVAL CORPunit 99/99/9999	$4,580,000	+11.4%	71,822	+0.1%	1.60%	+14.9%
CBS	Sell	CBS CORP NEWcl b	$4,573,000	+1.1%	79,607	-1.0%	1.60%	+4.4%
JNJ	Buy	JOHNSON & JOHNSON	$4,479,000	+17.0%	32,418	+2.8%	1.56%	+20.8%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$4,392,000	+18.0%	60,248	-2.8%	1.53%	+21.7%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$4,363,000	-2.4%	53,103	-0.6%	1.52%	+0.7%
NUE	Sell	NUCOR CORP	$4,355,000	-41.6%	68,635	-42.5%	1.52%	-39.8%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$4,183,000	+9.1%	35,831	-0.7%	1.46%	+12.6%
ORCL	Sell	ORACLE CORP	$4,108,000	+13.9%	79,670	-2.7%	1.44%	+17.4%
PG	Sell	PROCTER AND GAMBLE CO	$4,106,000	-30.6%	49,335	-34.9%	1.43%	-28.4%
DWDP	Buy	DOWDUPONT INC	$4,007,000	-1.6%	62,310	+0.8%	1.40%	+1.5%
KR	Sell	KROGER CO	$3,995,000	-0.8%	137,222	-3.1%	1.40%	+2.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,930,000	+6.0%	14,772	-2.2%	1.37%	+9.4%
USB	Buy	US BANCORP DEL	$3,837,000	+5.6%	72,666	+0.0%	1.34%	+8.9%
GM	Buy	GENERAL MTRS CO	$3,418,000	-14.3%	101,522	+0.3%	1.19%	-11.6%
BAC	Buy	BANK AMER CORP	$3,379,000	+4.8%	114,689	+0.3%	1.18%	+8.1%
F	Sell	FORD MTR CO DEL	$3,325,000	-17.4%	359,435	-1.2%	1.16%	-14.7%
C	Sell	CITIGROUP INC	$3,240,000	+7.1%	45,167	-0.1%	1.13%	+10.4%
HPT	Sell	HOSPITALITY PPTYS TR	$3,163,000	-1.1%	109,670	-1.9%	1.10%	+2.0%
AAPL	Sell	APPLE INC	$3,049,000	-37.4%	13,507	-48.7%	1.06%	-35.4%
TSN	Buy	TYSON FOODS INCcl a	$2,746,000	-13.5%	46,136	+0.1%	0.96%	-10.8%
ZBH	Sell	ZIMMER BIOMET HLDGS INC	$2,432,000	+16.9%	18,501	-0.9%	0.85%	+20.7%
SNA	Sell	SNAP ON INC	$2,358,000	+12.3%	12,841	-1.7%	0.82%	+15.9%
LUV	Sell	SOUTHWEST AIRLS CO	$2,324,000	+18.8%	37,212	-3.2%	0.81%	+22.5%
PNR	Buy	PENTAIR PLC	$2,320,000	+3.9%	53,522	+0.9%	0.81%	+7.3%
CMCSA	Buy	COMCAST CORP NEWcl a	$2,301,000	+8.4%	64,975	+0.4%	0.80%	+11.8%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDG L	$2,286,000	+19.3%	39,801	-1.8%	0.80%	+23.1%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,179,000	-5.3%	28,243	-3.0%	0.76%	-2.3%
WHR	Buy	WHIRLPOOL CORP	$2,124,000	-18.5%	17,885	+0.4%	0.74%	-15.9%
GE	Sell	GENERAL ELECTRIC CO	$2,120,000	-18.9%	187,810	-2.2%	0.74%	-16.3%
PPG	Sell	PPG INDS INC	$2,021,000	+4.4%	18,523	-0.7%	0.71%	+7.8%
CFG	Sell	CITIZENS FINL GROUP INC	$1,991,000	-1.1%	51,624	-0.3%	0.70%	+2.1%
MYL	Sell	MYLAN N V	$1,966,000	+0.8%	53,727	-0.5%	0.69%	+3.9%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,959,000	-0.2%	8,734	-1.8%	0.68%	+3.0%
NXPI	New	NXP SEMICONDUCTORS N V	$1,859,000	–	21,744	–	0.65%	–
SWKS	Buy	SKYWORKS SOLUTIONS INC	$1,835,000	-5.8%	20,230	+0.3%	0.64%	-2.9%
APTV	Sell	APTIV PLC	$1,788,000	-10.2%	21,317	-1.8%	0.62%	-7.3%
AMAT	Buy	APPLIED MATLS INC	$1,653,000	-16.2%	42,758	+0.1%	0.58%	-13.6%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,501,000	+15.4%	5,162	+7.6%	0.52%	+18.8%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$1,464,000	+0.7%	17,529	+0.7%	0.51%	+3.9%
LQD	Buy	ISHARES TRiboxx inv cp etf	$1,209,000	+1.2%	10,522	+0.9%	0.42%	+4.2%
VRP	Buy	INVESCO EXCHNG TRADED FD TRvar rate pfd	$867,000	+13.9%	34,823	+13.7%	0.30%	+17.4%
SCI	New	SERVICE CORP INTL	$443,000	–	10,013	–	0.16%	–
HBI	Buy	HANESBRANDS INC	$362,000	-10.0%	19,645	+7.5%	0.13%	-7.4%
PWR	Buy	QUANTA SVCS INC	$341,000	+6.6%	10,204	+6.4%	0.12%	+10.2%
PFBC	Buy	PREFERRED BK LOS ANGELES CA	$338,000	+1.5%	5,775	+6.6%	0.12%	+4.4%
ENS	Buy	ENERSYS	$335,000	+24.1%	3,851	+6.6%	0.12%	+28.6%
SYKE	Buy	SYKES ENTERPRISES INC	$330,000	+10.0%	10,807	+3.6%	0.12%	+12.7%
BC	Buy	BRUNSWICK CORP	$328,000	+12.3%	4,888	+8.0%	0.12%	+16.2%
CNOB	Buy	CONNECTONE BANCORP INC NEW	$327,000	+0.6%	13,761	+5.4%	0.11%	+3.6%
GVA	New	GRANITE CONSTR INC	$312,000	–	6,820	–	0.11%	–
PACW	New	PACWEST BANCORP DEL	$287,000	–	6,018	–	0.10%	–
EFII	Sell	ELECTRONICS FOR IMAGING INC	$282,000	0.0%	8,276	-4.5%	0.10%	+4.2%
ABM	Buy	ABM INDS INC	$283,000	+15.5%	8,786	+4.7%	0.10%	+19.3%
BDC	Buy	BELDEN INC	$276,000	+21.6%	3,867	+4.3%	0.10%	+24.7%
HTBK	Sell	HERITAGE COMMERCE CORP	$276,000	-13.5%	18,477	-1.5%	0.10%	-11.1%
APOG	Buy	APOGEE ENTERPRISES INC	$271,000	-10.0%	6,559	+4.8%	0.10%	-6.9%
OC	New	OWENS CORNING NEW	$272,000	–	5,018	–	0.10%	–
EWBC	Buy	EAST WEST BANCORP INC	$273,000	-1.1%	4,518	+6.6%	0.10%	+2.2%
FHN	Buy	FIRST HORIZON NATL CORP	$270,000	+3.1%	15,659	+6.6%	0.09%	+5.6%
TKR	Buy	TIMKEN CO	$266,000	+19.8%	5,327	+4.7%	0.09%	+24.0%
LNDC	Buy	LANDEC CORP	$265,000	+1.1%	18,410	+4.6%	0.09%	+4.5%
MEI	Buy	METHODE ELECTRS INC	$263,000	-10.2%	7,273	+0.1%	0.09%	-7.1%
STL	Buy	STERLING BANCORP DEL	$259,000	+0.4%	11,774	+7.4%	0.09%	+3.4%
PLAB	Sell	PHOTRONICS INC	$257,000	-27.2%	26,107	-41.0%	0.09%	-25.0%
KELYA	Buy	KELLY SVCS INCcl a	$256,000	+14.8%	10,668	+7.3%	0.09%	+17.1%
TOWR	Buy	TOWER INTL INC	$255,000	-1.2%	8,439	+3.9%	0.09%	+2.3%
MKSI	New	MKS INSTRUMENT INC	$245,000	–	3,056	–	0.09%	–
FORM	Sell	FORMFACTOR INC	$241,000	+3.4%	17,527	-0.1%	0.08%	+6.3%
CSV	Buy	CARRIAGE SVCS INC	$240,000	-5.9%	11,153	+7.6%	0.08%	-2.3%
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$240,000	–	4,584	–	0.08%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$239,000	–	3,440	–	0.08%	–
MTRX	New	MATRIX SVC CO	$234,000	–	9,489	–	0.08%	–
ARRS	Buy	ARRIS INTL INC	$232,000	+12.6%	8,938	+6.0%	0.08%	+15.7%
WAL	Buy	WESTERN ALLIANCE BANCORP	$232,000	+5.9%	4,076	+5.4%	0.08%	+9.5%
OZK	New	BANK OZK	$229,000	–	6,024	–	0.08%	–
THO	Buy	THOR INDS INC	$223,000	-7.1%	2,659	+7.7%	0.08%	-3.7%
VSH	New	VISHAY INTERTECHNOLOGY INC	$215,000	–	10,541	–	0.08%	–
UCBI	Buy	UNITED CMNTY BKS BLAIRSVLE G	$214,000	-1.4%	7,679	+8.5%	0.08%	+2.7%
INGR	Buy	INGREDION INC	$211,000	+1.4%	2,012	+7.3%	0.07%	+5.7%
AMN	New	AMN HEALTHCARE SERVICES INC	$200,000	–	3,665	–	0.07%	–
UCTT	New	ULTRA CLEAN HLDGS INC	$128,000	–	10,209	–	0.04%	–
SCSC	Exit	SCANSOURCE INC	$0	–	-5,075	–	-0.07%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-5,115	–	-0.08%	–
HELE	Exit	HELEN OF TROY CORP LTD	$0	–	-2,727	–	-0.09%	–
CBM	Exit	CAMBREX CORP	$0	–	-5,896	–	-0.10%	–
THRM	Exit	GENTHERM INC	$0	–	-8,238	–	-0.11%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-77,084	–	-0.35%	–
TGT	Exit	TARGET CORP	$0	–	-57,657	–	-1.49%	–
WELL	Exit	WELLTOWER INC	$0	–	-76,392	–	-1.62%	–
AMGN	Exit	AMGEN INC	$0	–	-33,865	–	-2.12%	–
ETN	Exit	EATON CORP PLC	$0	–	-84,773	–	-2.14%	–
PFE	Exit	PFIZER INC	$0	–	-229,163	–	-2.82%	–

Q2 2018

			Value		Shares		↓ Weighting
PRU	New	PRUDENTIAL FINL INC	$8,441,000	–	90,274	–	2.86%	–
PFE	New	PFIZER INC	$8,314,000	–	229,163	–	2.82%	–
WFC	New	WELLS FARGO CO NEW	$8,020,000	–	144,669	–	2.72%	–
BP	New	BP PLCsponsored adr	$7,709,000	–	168,839	–	2.61%	–
NUE	New	NUCOR CORP	$7,458,000	–	119,332	–	2.52%	–
IPG	New	INTERPUBLIC GROUP COS INC	$7,333,000	–	312,823	–	2.48%	–
MSFT	New	MICROSOFT CORP	$6,856,000	–	69,530	–	2.32%	–
SJM	New	SMUCKER J M CO	$6,589,000	–	61,304	–	2.23%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$6,566,000	–	444,856	–	2.22%	–
GILD	New	GILEAD SCIENCES INC	$6,520,000	–	92,042	–	2.21%	–
T	New	AT&T INC	$6,423,000	–	200,017	–	2.18%	–
INTC	New	INTEL CORP	$6,376,000	–	128,265	–	2.16%	–
ETN	New	EATON CORP PLC	$6,336,000	–	84,773	–	2.14%	–
KLAC	New	KLA-TENCOR CORP	$6,331,000	–	61,746	–	2.14%	–
AMGN	New	AMGEN INC	$6,251,000	–	33,865	–	2.12%	–
JCI	New	JOHNSON CTLS INTL PLC	$6,192,000	–	185,112	–	2.10%	–
ABBV	New	ABBVIE INC	$6,102,000	–	65,856	–	2.07%	–
PG	New	PROCTER AND GAMBLE CO	$5,919,000	–	75,827	–	2.00%	–
IP	New	INTL PAPER CO	$5,907,000	–	113,414	–	2.00%	–
CSCO	New	CISCO SYS INC	$5,905,000	–	137,230	–	2.00%	–
PFF	New	ISHARES TRs&p us pfd stk	$5,626,000	–	149,182	–	1.90%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,513,000	–	70,591	–	1.87%	–
CVS	New	CVS HEALTH CORP	$5,422,000	–	84,251	–	1.84%	–
MET	New	METLIFE INC	$5,157,000	–	118,285	–	1.75%	–
AAPL	New	APPLE INC	$4,870,000	–	26,309	–	1.65%	–
WELL	New	WELLTOWER INC	$4,789,000	–	76,392	–	1.62%	–
FDX	New	FEDEX CORP	$4,787,000	–	21,083	–	1.62%	–
CBS	New	CBS CORP NEWcl b	$4,523,000	–	80,449	–	1.53%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$4,471,000	–	53,432	–	1.51%	–
TGT	New	TARGET CORP	$4,389,000	–	57,657	–	1.49%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$4,335,000	–	122,184	–	1.47%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$4,113,000	–	71,767	–	1.39%	–
DWDP	New	DOWDUPONT INC	$4,073,000	–	61,789	–	1.38%	–
KR	New	KROGER CO	$4,028,000	–	141,593	–	1.36%	–
F	New	FORD MTR CO DEL	$4,026,000	–	363,679	–	1.36%	–
GM	New	GENERAL MTRS CO	$3,988,000	–	101,207	–	1.35%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$3,833,000	–	36,080	–	1.30%	–
JNJ	New	JOHNSON & JOHNSON	$3,828,000	–	31,547	–	1.30%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,722,000	–	62,013	–	1.26%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,706,000	–	15,107	–	1.26%	–
USB	New	US BANCORP DEL	$3,635,000	–	72,664	–	1.23%	–
ORCL	New	ORACLE CORP	$3,608,000	–	81,889	–	1.22%	–
BAC	New	BANK AMER CORP	$3,224,000	–	114,369	–	1.09%	–
HPT	New	HOSPITALITY PPTYS TR	$3,198,000	–	111,772	–	1.08%	–
TSN	New	TYSON FOODS INCcl a	$3,175,000	–	46,108	–	1.08%	–
C	New	CITIGROUP INC	$3,026,000	–	45,214	–	1.02%	–
GE	New	GENERAL ELECTRIC CO	$2,613,000	–	191,977	–	0.88%	–
WHR	New	WHIRLPOOL CORP	$2,605,000	–	17,812	–	0.88%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,301,000	–	29,130	–	0.78%	–
PNR	New	PENTAIR PLC	$2,233,000	–	53,064	–	0.76%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,123,000	–	64,714	–	0.72%	–
SNA	New	SNAP ON INC	$2,099,000	–	13,061	–	0.71%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$2,080,000	–	18,666	–	0.70%	–
CFG	New	CITIZENS FINL GROUP INC	$2,014,000	–	51,772	–	0.68%	–
APTV	New	APTIV PLC	$1,990,000	–	21,714	–	0.67%	–
AMAT	New	APPLIED MATLS INC	$1,972,000	–	42,703	–	0.67%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,962,000	–	8,893	–	0.66%	–
LUV	New	SOUTHWEST AIRLS CO	$1,957,000	–	38,455	–	0.66%	–
MYL	New	MYLAN N V	$1,951,000	–	53,989	–	0.66%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,949,000	–	20,161	–	0.66%	–
PPG	New	PPG INDS INC	$1,935,000	–	18,653	–	0.66%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$1,916,000	–	40,545	–	0.65%	–
TAP	New	MOLSON COORS BREWING COcl b	$1,602,000	–	23,538	–	0.54%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,454,000	–	17,409	–	0.49%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,301,000	–	4,796	–	0.44%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,195,000	–	10,429	–	0.40%	–
SCS	New	STEELCASE INCcl a	$1,041,000	–	77,084	–	0.35%	–
VRP	New	INVESCO EXCHNG TRADED FD TRvar rate pfd	$761,000	–	30,629	–	0.26%	–
CATY	New	CATHAY GEN BANCORP	$737,000	–	18,204	–	0.25%	–
HBI	New	HANESBRANDS INC	$402,000	–	18,276	–	0.14%	–
PLAB	New	PHOTRONICS INC	$353,000	–	44,216	–	0.12%	–
PFBC	New	PREFERRED BK LOS ANGELES CA	$333,000	–	5,418	–	0.11%	–
THRM	New	GENTHERM INC	$324,000	–	8,238	–	0.11%	–
CNOB	New	CONNECTONE BANCORP INC NEW	$325,000	–	13,060	–	0.11%	–
HTBK	New	HERITAGE COMMERCE CORP	$319,000	–	18,765	–	0.11%	–
PWR	New	QUANTA SVCS INC	$320,000	–	9,594	–	0.11%	–
CBM	New	CAMBREX CORP	$308,000	–	5,896	–	0.10%	–
APOG	New	APOGEE ENTERPRISES INC	$301,000	–	6,259	–	0.10%	–
SYKE	New	SYKES ENTERPRISES INC	$300,000	–	10,431	–	0.10%	–
BC	New	BRUNSWICK CORP	$292,000	–	4,527	–	0.10%	–
MEI	New	METHODE ELECTRS INC	$293,000	–	7,264	–	0.10%	–
EFII	New	ELECTRONICS FOR IMAGING INC	$282,000	–	8,666	–	0.10%	–
EWBC	New	EAST WEST BANCORP INC	$276,000	–	4,240	–	0.09%	–
ENS	New	ENERSYS	$270,000	–	3,614	–	0.09%	–
HELE	New	HELEN OF TROY CORP LTD	$268,000	–	2,727	–	0.09%	–
FHN	New	FIRST HORIZON NATL CORP	$262,000	–	14,685	–	0.09%	–
LNDC	New	LANDEC CORP	$262,000	–	17,601	–	0.09%	–
STL	New	STERLING BANCORP DEL	$258,000	–	10,965	–	0.09%	–
TOWR	New	TOWER INTL INC	$258,000	–	8,125	–	0.09%	–
CSV	New	CARRIAGE SVCS INC	$255,000	–	10,370	–	0.09%	–
ABM	New	ABM INDS INC	$245,000	–	8,392	–	0.08%	–
THO	New	THOR INDS INC	$240,000	–	2,468	–	0.08%	–
FORM	New	FORMFACTOR INC	$233,000	–	17,540	–	0.08%	–
OZRK	New	BANK OF THE OZARKS	$230,000	–	5,115	–	0.08%	–
BDC	New	BELDEN INC	$227,000	–	3,706	–	0.08%	–
KELYA	New	KELLY SVCS INCcl a	$223,000	–	9,938	–	0.08%	–
TKR	New	TIMKEN CO	$222,000	–	5,090	–	0.08%	–
WAL	New	WESTERN ALLIANCE BANCORP	$219,000	–	3,867	–	0.07%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$217,000	–	7,077	–	0.07%	–
ARRS	New	ARRIS INTL INC	$206,000	–	8,430	–	0.07%	–
INGR	New	INGREDION INC	$208,000	–	1,875	–	0.07%	–
SCSC	New	SCANSOURCE INC	$205,000	–	5,075	–	0.07%	–

Q4 2017

			Value		Shares		↓ Weighting
MTRX	Exit	MATRIX SVC CO	$0	–	-10,334	–	-0.05%	–
COHU	Exit	COHU INC	$0	–	-8,491	–	-0.07%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-3,882	–	-0.07%	–
LBAI	Exit	LAKELAND BANCORP INC	$0	–	-10,119	–	-0.07%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-7,253	–	-0.07%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-3,589	–	-0.07%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-5,188	–	-0.07%	–
BDC	Exit	BELDEN INC	$0	–	-2,794	–	-0.08%	–
TOWR	Exit	TOWER INTL INC	$0	–	-8,262	–	-0.08%	–
INGR	Exit	INGREDION INC	$0	–	-1,853	–	-0.08%	–
SCSC	Exit	SCANSOURCE INC	$0	–	-5,172	–	-0.08%	–
NTGR	Exit	NETGEAR INC	$0	–	-4,769	–	-0.08%	–
CBM	Exit	CAMBREX CORP	$0	–	-4,103	–	-0.08%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-6,063	–	-0.08%	–
LNDC	Exit	LANDEC CORP	$0	–	-17,660	–	-0.08%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-8,114	–	-0.08%	–
ENS	Exit	ENERSYS	$0	–	-3,376	–	-0.08%	–
THRM	Exit	GENTHERM INC	$0	–	-6,520	–	-0.08%	–
BC	Exit	BRUNSWICK CORP	$0	–	-4,374	–	-0.08%	–
CSV	Exit	CARRIAGE SVCS INC	$0	–	-9,691	–	-0.08%	–
HELE	Exit	HELEN OF TROY CORP LTD	$0	–	-2,585	–	-0.08%	–
HBI	Exit	HANESBRANDS INC	$0	–	-10,415	–	-0.09%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-5,067	–	-0.09%	–
EFII	Exit	ELECTRONICS FOR IMAGING INC	$0	–	-6,568	–	-0.09%	–
HTBK	Exit	HERITAGE COMMERCE CORP	$0	–	-19,904	–	-0.10%	–
GNTX	Exit	GENTEX CORP	$0	–	-14,504	–	-0.10%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-33,458	–	-0.10%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-11,896	–	-0.10%	–
APOG	Exit	APOGEE ENTERPRISES INC	$0	–	-6,297	–	-0.10%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-5,127	–	-0.10%	–
THO	Exit	THOR INDS INC	$0	–	-2,431	–	-0.10%	–
SYKE	Exit	SYKES ENTERPRISES INC	$0	–	-10,604	–	-0.10%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-6,951	–	-0.11%	–
CNOB	Exit	CONNECTONE BANCORP INC NEW	$0	–	-12,918	–	-0.11%	–
OCLR	Exit	OCLARO INC	$0	–	-37,652	–	-0.11%	–
CUBI	Exit	CUSTOMERS BANCORP INC	$0	–	-12,523	–	-0.14%	–
VRP	Exit	POWERSHARES ETF TR IIvar rate pfd por	$0	–	-23,355	–	-0.20%	–
BHF	Exit	BRIGHTHOUSE FINL INC	$0	–	-10,411	–	-0.21%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-19,204	–	-0.26%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-7,615	–	-0.31%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-3,892	–	-0.33%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-13,822	–	-0.37%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-84,148	–	-0.43%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-15,645	–	-0.46%	–
MYL	Exit	MYLAN N V	$0	–	-46,561	–	-0.49%	–
KR	Exit	KROGER CO	$0	–	-73,291	–	-0.49%	–
BAC	Exit	BANK AMER CORP	$0	–	-70,945	–	-0.60%	–
M	Exit	MACYS INC	$0	–	-83,749	–	-0.61%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-23,481	–	-0.64%	–
SNA	Exit	SNAP ON INC	$0	–	-13,424	–	-0.67%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-36,838	–	-0.69%	–
PPG	Exit	PPG INDS INC	$0	–	-19,316	–	-0.70%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-20,683	–	-0.70%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-55,452	–	-0.71%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-39,724	–	-0.72%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-31,226	–	-0.76%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-19,340	–	-0.76%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-20,865	–	-0.79%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-85,728	–	-0.80%	–
QCOM	Exit	QUALCOMM INC	$0	–	-49,843	–	-0.86%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-91,216	–	-0.87%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-22,720	–	-0.91%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-12,202	–	-0.97%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-43,140	–	-1.02%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-37,830	–	-1.03%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-17,273	–	-1.07%	–
MAT	Exit	MATTEL INC	$0	–	-207,593	–	-1.08%	–
UMPQ	Exit	UMPQUA HLDGS CORP	$0	–	-165,464	–	-1.08%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-44,903	–	-1.18%	–
ORCL	Exit	ORACLE CORP	$0	–	-76,677	–	-1.24%	–
TGT	Exit	TARGET CORP	$0	–	-63,598	–	-1.26%	–
PNR	Exit	PENTAIR PLC	$0	–	-56,140	–	-1.28%	–
WELL	Exit	WELLTOWER INC	$0	–	-57,561	–	-1.35%	–
AAPL	Exit	APPLE INC	$0	–	-27,463	–	-1.42%	–
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-113,967	–	-1.42%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-70,531	–	-1.45%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-63,358	–	-1.47%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-75,655	–	-1.47%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-69,788	–	-1.51%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-23,310	–	-1.53%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-190,591	–	-1.54%	–
C	Exit	CITIGROUP INC	$0	–	-63,548	–	-1.55%	–
FDX	Exit	FEDEX CORP	$0	–	-21,688	–	-1.64%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-65,369	–	-1.69%	–
INTC	Exit	INTEL CORP	$0	–	-133,549	–	-1.70%	–
GM	Exit	GENERAL MTRS CO	$0	–	-127,901	–	-1.73%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-146,112	–	-1.90%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-76,180	–	-1.90%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-62,386	–	-1.90%	–
F	Exit	FORD MTR CO DEL	$0	–	-481,219	–	-1.93%	–
CSCO	Exit	CISCO SYS INC	$0	–	-172,020	–	-1.94%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-91,829	–	-1.97%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-60,569	–	-1.99%	–
ABBV	Exit	ABBVIE INC	$0	–	-67,410	–	-2.00%	–
T	Exit	AT&T INC	$0	–	-155,277	–	-2.04%	–
AMGN	Exit	AMGEN INC	$0	–	-32,916	–	-2.05%	–
MET	Exit	METLIFE INC	$0	–	-118,370	–	-2.06%	–
ETN	Exit	EATON CORP PLC	$0	–	-81,902	–	-2.10%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-461,325	–	-2.15%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-63,718	–	-2.26%	–
BP	Exit	BP PLCsponsored adr	$0	–	-176,991	–	-2.28%	–
NUE	Exit	NUCOR CORP	$0	–	-123,578	–	-2.32%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-183,872	–	-2.48%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-92,560	–	-2.51%	–
BLK	Exit	BLACKROCK INC	$0	–	-17,179	–	-2.57%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-142,461	–	-2.63%	–
PFE	Exit	PFIZER INC	$0	–	-239,682	–	-2.86%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-86,554	–	-3.08%	–

Q3 2017

			Value		Shares		↓ Weighting
PRU	Buy	PRUDENTIAL FINL INC	$9,202,000	+3.0%	86,554	+4.8%	3.08%	-5.2%
PFE	Sell	PFIZER INC	$8,557,000	+5.4%	239,682	-0.9%	2.86%	-3.0%
WFC	Sell	WELLS FARGO CO NEW	$7,857,000	-1.3%	142,461	-0.9%	2.63%	-9.3%
BLK	Sell	BLACKROCK INC	$7,681,000	+5.4%	17,179	-0.4%	2.57%	-3.0%
GILD	Sell	GILEAD SCIENCES INC	$7,499,000	+13.5%	92,560	-0.8%	2.51%	+4.4%
JCI	Buy	JOHNSON CTLS INTL PLC	$7,408,000	-3.6%	183,872	+3.8%	2.48%	-11.3%
NUE	Sell	NUCOR CORP	$6,925,000	-3.6%	123,578	-0.4%	2.32%	-11.3%
BP	Sell	BP PLCsponsored adr	$6,802,000	+10.0%	176,991	-0.8%	2.28%	+1.2%
KLAC	New	KLA-TENCOR CORP	$6,754,000	–	63,718	–	2.26%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$6,440,000	–	461,325	–	2.15%	–
ETN	New	EATON CORP PLC	$6,289,000	–	81,902	–	2.10%	–
MET	Sell	METLIFE INC	$6,149,000	-5.9%	118,370	-0.5%	2.06%	-13.4%
AMGN	Sell	AMGEN INC	$6,137,000	+6.9%	32,916	-1.3%	2.05%	-1.7%
T	Sell	AT&T INC	$6,082,000	+2.1%	155,277	-1.6%	2.04%	-6.0%
ABBV	Sell	ABBVIE INC	$5,990,000	-26.5%	67,410	-40.0%	2.00%	-32.3%
3106PS	Sell	DELPHI AUTOMOTIVE PLC	$5,960,000	+10.6%	60,569	-1.5%	1.99%	+1.7%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$5,896,000	+6.8%	91,829	-0.4%	1.97%	-1.8%
CSCO	Sell	CISCO SYS INC	$5,785,000	+5.5%	172,020	-1.8%	1.94%	-3.0%
F	Sell	FORD MTR CO DEL	$5,760,000	+6.0%	481,219	-0.9%	1.93%	-2.5%
PG	Buy	PROCTER AND GAMBLE CO	$5,676,000	+10.6%	62,386	+5.9%	1.90%	+1.7%
MSFT	Sell	MICROSOFT CORP	$5,675,000	+3.4%	76,180	-4.3%	1.90%	-4.9%
PFF	Buy	ISHARES TRs&p us pfd stk	$5,671,000	-0.3%	146,112	+0.6%	1.90%	-8.3%
GM	Sell	GENERAL MTRS CO	$5,165,000	+13.8%	127,901	-1.6%	1.73%	+4.7%
INTC	Sell	INTEL CORP	$5,086,000	+11.6%	133,549	-1.1%	1.70%	+2.7%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$5,048,000	+72.1%	65,369	+74.5%	1.69%	+58.3%
FDX	Buy	FEDEX CORP	$4,892,000	+6.9%	21,688	+3.0%	1.64%	-1.7%
C	Sell	CITIGROUP INC	$4,622,000	+7.0%	63,548	-1.6%	1.55%	-1.6%
GE	Buy	GENERAL ELECTRIC CO	$4,608,000	-5.7%	190,591	+5.4%	1.54%	-13.2%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,565,000	-5.7%	23,310	-10.7%	1.53%	-13.3%
CCL	Sell	CARNIVAL CORPunit 99/99/9999	$4,506,000	-7.1%	69,788	-5.7%	1.51%	-14.6%
CBS	Buy	CBS CORP NEWcl b	$4,388,000	-8.5%	75,655	+0.6%	1.47%	-15.8%
DWDP	New	DOWDUPONT INC	$4,386,000	–	63,358	–	1.47%	–
AJG	Sell	GALLAGHER ARTHUR J & CO	$4,341,000	+4.3%	70,531	-3.0%	1.45%	-4.0%
JNK	Sell	SPDR SERIES TRUSTbloomberg brclys	$4,253,000	-1.7%	113,967	-2.0%	1.42%	-9.6%
AAPL	Sell	APPLE INC	$4,233,000	+5.2%	27,463	-1.7%	1.42%	-3.2%
WELL	Sell	WELLTOWER INC	$4,045,000	-7.2%	57,561	-1.1%	1.35%	-14.6%
PNR	Buy	PENTAIR PLC	$3,815,000	+2.7%	56,140	+0.6%	1.28%	-5.5%
TGT	Sell	TARGET CORP	$3,753,000	+11.7%	63,598	-1.0%	1.26%	+2.8%
ORCL	Buy	ORACLE CORP	$3,707,000	-2.2%	76,677	+1.5%	1.24%	-10.0%
DRI	New	DARDEN RESTAURANTS INC	$3,537,000	–	44,903	–	1.18%	–
UMPQ	Sell	UMPQUA HLDGS CORP	$3,228,000	+5.5%	165,464	-0.7%	1.08%	-2.9%
MAT	Sell	MATTEL INC	$3,214,000	-28.3%	207,593	-0.2%	1.08%	-34.0%
WHR	Buy	WHIRLPOOL CORP	$3,186,000	-2.6%	17,273	+1.2%	1.07%	-10.4%
CVS	Buy	CVS HEALTH CORP	$3,076,000	+2.1%	37,830	+1.0%	1.03%	-6.1%
TSN	Buy	TYSON FOODS INCcl a	$3,039,000	+13.9%	43,140	+1.3%	1.02%	+4.8%
GS	Buy	GOLDMAN SACHS GROUP INC	$2,894,000	+7.7%	12,202	+0.7%	0.97%	-1.0%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,728,000	+4.9%	22,720	-3.4%	0.91%	-3.5%
HPT	Sell	HOSPITALITY PPTYS TR	$2,599,000	-5.2%	91,216	-3.0%	0.87%	-12.8%
QCOM	New	QUALCOMM INC	$2,584,000	–	49,843	–	0.86%	–
JNPR	Buy	JUNIPER NETWORKS INC	$2,386,000	+5.5%	85,728	+5.7%	0.80%	-2.9%
NXPI	Sell	NXP SEMICONDUCTORS N V	$2,360,000	+2.3%	20,865	-1.0%	0.79%	-6.0%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,265,000	+8.7%	31,226	-0.4%	0.76%	0.0%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$2,265,000	-8.0%	19,340	+0.9%	0.76%	-15.3%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDGS	$2,147,000	-5.0%	39,724	-4.5%	0.72%	-12.7%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,134,000	-1.7%	55,452	-0.6%	0.71%	-9.6%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$2,108,000	+3.7%	20,683	-2.4%	0.70%	-4.6%
PPG	Buy	PPG INDS INC	$2,099,000	-0.4%	19,316	+0.8%	0.70%	-8.4%
LUV	Buy	SOUTHWEST AIRLS CO	$2,062,000	-7.5%	36,838	+2.7%	0.69%	-14.8%
SNA	Buy	SNAP ON INC	$2,000,000	-4.6%	13,424	+1.2%	0.67%	-12.2%
TAP	Buy	MOLSON COORS BREWING COcl b	$1,917,000	-4.5%	23,481	+1.0%	0.64%	-12.2%
M	Sell	MACYS INC	$1,827,000	-8.8%	83,749	-2.8%	0.61%	-16.1%
BAC	Buy	BANK AMER CORP	$1,798,000	+4.6%	70,945	+0.1%	0.60%	-3.8%
KR	Buy	KROGER CO	$1,470,000	-12.2%	73,291	+2.1%	0.49%	-19.2%
MYL	Buy	MYLAN N V	$1,461,000	-17.7%	46,561	+1.8%	0.49%	-24.3%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$1,377,000	+17.8%	15,645	+17.2%	0.46%	+8.5%
SCS	Buy	STEELCASE INCcl a	$1,296,000	+13.1%	84,148	+2.8%	0.43%	+4.1%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,108,000	+9.6%	13,822	+9.5%	0.37%	+0.8%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$978,000	+5.3%	3,892	+1.3%	0.33%	-3.3%
LQD	Buy	ISHARES TRiboxx inv cp etf	$923,000	+12.4%	7,615	+11.8%	0.31%	+3.3%
BHF	New	BRIGHTHOUSE FINL INC	$633,000	–	10,411	–	0.21%	–
VRP	Buy	POWERSHARES ETF TR IIvar rate pfd por	$608,000	+11.2%	23,355	+11.6%	0.20%	+2.0%
CUBI	Buy	CUSTOMERS BANCORP INC	$409,000	+52.6%	12,523	+32.3%	0.14%	+41.2%
OCLR	Buy	OCLARO INC	$325,000	-6.1%	37,652	+1.8%	0.11%	-13.5%
AMN	Buy	AMN HEALTHCARE SERVICES INC	$318,000	+21.8%	6,951	+4.1%	0.11%	+11.6%
CNOB	Buy	CONNECTONE BANCORP INC NEW	$318,000	+12.4%	12,918	+3.0%	0.11%	+2.9%
SYKE	Buy	SYKES ENTERPRISES INC	$309,000	+18.4%	10,604	+36.4%	0.10%	+8.4%
APOG	Buy	APOGEE ENTERPRISES INC	$304,000	+20.2%	6,297	+41.5%	0.10%	+10.9%
THO	Buy	THOR INDS INC	$306,000	+21.4%	2,431	+0.7%	0.10%	+10.9%
EWBC	Sell	EAST WEST BANCORP INC	$306,000	-0.3%	5,127	-2.2%	0.10%	-8.9%
KELYA	Buy	KELLY SVCS INCcl a	$298,000	+12.9%	11,896	+1.2%	0.10%	+4.2%
PLAB	Buy	PHOTRONICS INC	$296,000	+105.6%	33,458	+118.1%	0.10%	+90.4%
GNTX	New	GENTEX CORP	$287,000	–	14,504	–	0.10%	–
HTBK	Buy	HERITAGE COMMERCE CORP	$283,000	+6.4%	19,904	+2.9%	0.10%	-2.1%
EFII	Buy	ELECTRONICS FOR IMAGING INC	$280,000	-9.7%	6,568	+0.4%	0.09%	-16.8%
WAL	Sell	WESTERN ALLIANCE BANCORP	$269,000	+6.3%	5,067	-1.6%	0.09%	-2.2%
HBI	Buy	HANESBRANDS INC	$257,000	+9.4%	10,415	+2.5%	0.09%	+1.2%
HELE	Buy	HELEN OF TROY CORP LTD	$250,000	+3.7%	2,585	+0.9%	0.08%	-4.5%
CSV	Buy	CARRIAGE SVCS INC	$248,000	-1.6%	9,691	+3.9%	0.08%	-9.8%
BC	Buy	BRUNSWICK CORP	$245,000	-7.9%	4,374	+3.1%	0.08%	-15.5%
THRM	Buy	GENTHERM INC	$242,000	0.0%	6,520	+4.7%	0.08%	-8.0%
ENS	Buy	ENERSYS	$233,000	-3.3%	3,376	+1.6%	0.08%	-11.4%
LNDC	Buy	LANDEC CORP	$229,000	-10.9%	17,660	+1.9%	0.08%	-17.2%
ARRS	Buy	ARRIS INTL INC	$231,000	+5.0%	8,114	+3.2%	0.08%	-3.8%
PWR	New	QUANTA SVCS INC	$227,000	–	6,063	–	0.08%	–
CBM	Buy	CAMBREX CORP	$226,000	-5.8%	4,103	+2.2%	0.08%	-12.6%
NTGR	Buy	NETGEAR INC	$227,000	+12.4%	4,769	+2.0%	0.08%	+4.1%
SCSC	New	SCANSOURCE INC	$226,000	–	5,172	–	0.08%	–
BDC	New	BELDEN INC	$225,000	–	2,794	–	0.08%	–
TOWR	New	TOWER INTL INC	$225,000	–	8,262	–	0.08%	–
INGR	Buy	INGREDION INC	$224,000	+4.2%	1,853	+2.8%	0.08%	-3.8%
MEI	Buy	METHODE ELECTRS INC	$220,000	+4.8%	5,188	+2.0%	0.07%	-2.6%
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$207,000	–	7,253	–	0.07%	–
LBAI	New	LAKELAND BANCORP INC	$206,000	–	10,119	–	0.07%	–
CRUS	Buy	CIRRUS LOGIC INC	$207,000	-13.0%	3,882	+2.4%	0.07%	-20.7%
COHU	New	COHU INC	$202,000	–	8,491	–	0.07%	–
MTRX	Buy	MATRIX SVC CO	$157,000	+65.3%	10,334	+1.2%	0.05%	+51.4%
CHI	Exit	CALAMOS CONV OPP AND INC FDsh ben int	$0	–	-14,000	–	-0.06%	–
WGO	Exit	WINNEBAGO INDS INC	$0	–	-6,955	–	-0.09%	–
GPT	Exit	GRAMERCY PPTY TR	$0	–	-8,694	–	-0.09%	–
ENSG	Exit	ENSIGN GROUP INC	$0	–	-14,042	–	-0.11%	–
UFS	Exit	DOMTAR CORP	$0	–	-89,300	–	-1.25%	–
DOW	Exit	DOW CHEM CO	$0	–	-64,261	–	-1.47%	–
ANTM	Exit	ANTHEM INC	$0	–	-27,316	–	-1.87%	–

Q2 2017

			Value		Shares		↓ Weighting
PRU	New	PRUDENTIAL FINL INC	$8,931,000	–	82,590	–	3.25%	–
ABBV	New	ABBVIE INC	$8,145,000	–	112,325	–	2.96%	–
PFE	New	PFIZER INC	$8,121,000	–	241,779	–	2.95%	–
WFC	New	WELLS FARGO CO NEW	$7,962,000	–	143,701	–	2.90%	–
JCI	New	JOHNSON CTLS INTL PLC	$7,681,000	–	177,154	–	2.79%	–
BLK	New	BLACKROCK INC	$7,287,000	–	17,252	–	2.65%	–
NUE	New	NUCOR CORP	$7,181,000	–	124,082	–	2.61%	–
GILD	New	GILEAD SCIENCES INC	$6,607,000	–	93,343	–	2.40%	–
MET	New	METLIFE INC	$6,534,000	–	118,931	–	2.38%	–
BP	New	BP PLCsponsored adr	$6,182,000	–	178,417	–	2.25%	–
T	New	AT&T INC	$5,954,000	–	157,813	–	2.16%	–
AMGN	New	AMGEN INC	$5,741,000	–	33,334	–	2.09%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$5,690,000	–	145,263	–	2.07%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$5,520,000	–	92,193	–	2.01%	–
MSFT	New	MICROSOFT CORP	$5,487,000	–	79,605	–	2.00%	–
CSCO	New	CISCO SYS INC	$5,482,000	–	175,129	–	1.99%	–
F	New	FORD MTR CO DEL	$5,434,000	–	485,605	–	1.98%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$5,391,000	–	61,511	–	1.96%	–
ANTM	New	ANTHEM INC	$5,139,000	–	27,316	–	1.87%	–
PG	New	PROCTER AND GAMBLE CO	$5,133,000	–	58,903	–	1.87%	–
GE	New	GENERAL ELECTRIC CO	$4,884,000	–	180,836	–	1.78%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$4,851,000	–	73,982	–	1.76%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,842,000	–	26,115	–	1.76%	–
CBS	New	CBS CORP NEWcl b	$4,795,000	–	75,181	–	1.74%	–
FDX	New	FEDEX CORP	$4,578,000	–	21,065	–	1.66%	–
INTC	New	INTEL CORP	$4,556,000	–	135,022	–	1.66%	–
GM	New	GENERAL MTRS CO	$4,540,000	–	129,976	–	1.65%	–
MAT	New	MATTEL INC	$4,480,000	–	208,104	–	1.63%	–
WELL	New	WELLTOWER INC	$4,358,000	–	58,225	–	1.58%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$4,327,000	–	116,321	–	1.57%	–
C	New	CITIGROUP INC	$4,319,000	–	64,584	–	1.57%	–
AJG	New	GALLAGHER ARTHUR J & CO	$4,161,000	–	72,683	–	1.51%	–
DOW	New	DOW CHEM CO	$4,053,000	–	64,261	–	1.47%	–
AAPL	New	APPLE INC	$4,024,000	–	27,944	–	1.46%	–
ORCL	New	ORACLE CORP	$3,789,000	–	75,567	–	1.38%	–
PNR	New	PENTAIR PLC	$3,713,000	–	55,802	–	1.35%	–
UFS	New	DOMTAR CORP	$3,431,000	–	89,300	–	1.25%	–
TGT	New	TARGET CORP	$3,360,000	–	64,265	–	1.22%	–
WHR	New	WHIRLPOOL CORP	$3,271,000	–	17,072	–	1.19%	–
UMPQ	New	UMPQUA HLDGS CORP	$3,059,000	–	166,619	–	1.11%	–
CVS	New	CVS HEALTH CORP	$3,013,000	–	37,449	–	1.10%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,933,000	–	37,457	–	1.07%	–
HPT	New	HOSPITALITY PPTYS TR	$2,741,000	–	94,040	–	1.00%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,688,000	–	12,112	–	0.98%	–
TSN	New	TYSON FOODS INCcl a	$2,668,000	–	42,603	–	0.97%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,600,000	–	23,514	–	0.95%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$2,462,000	–	19,173	–	0.90%	–
NXPI	New	NXP SEMICONDUCTORS N V	$2,306,000	–	21,067	–	0.84%	–
JNPR	New	JUNIPER NETWORKS INC	$2,261,000	–	81,108	–	0.82%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$2,259,000	–	41,608	–	0.82%	–
LUV	New	SOUTHWEST AIRLS CO	$2,228,000	–	35,854	–	0.81%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,171,000	–	55,772	–	0.79%	–
PPG	New	PPG INDS INC	$2,107,000	–	19,164	–	0.77%	–
SNA	New	SNAP ON INC	$2,096,000	–	13,265	–	0.76%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,083,000	–	31,365	–	0.76%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$2,033,000	–	21,193	–	0.74%	–
TAP	New	MOLSON COORS BREWING COcl b	$2,008,000	–	23,252	–	0.73%	–
M	New	MACYS INC	$2,003,000	–	86,169	–	0.73%	–
MYL	New	MYLAN N V	$1,776,000	–	45,758	–	0.65%	–
BAC	New	BANK AMER CORP	$1,719,000	–	70,876	–	0.62%	–
KR	New	KROGER CO	$1,674,000	–	71,791	–	0.61%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,169,000	–	13,350	–	0.42%	–
SCS	New	STEELCASE INCcl a	$1,146,000	–	81,882	–	0.42%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,011,000	–	12,625	–	0.37%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$929,000	–	3,843	–	0.34%	–
LQD	New	ISHARES TRiboxx inv cp etf	$821,000	–	6,811	–	0.30%	–
CATY	New	CATHAY GEN BANCORP	$729,000	–	19,204	–	0.26%	–
VRP	New	POWERSHARES ETF TR IIvar rate pfd por	$547,000	–	20,926	–	0.20%	–
OCLR	New	OCLARO INC	$346,000	–	36,994	–	0.13%	–
EFII	New	ELECTRONICS FOR IMAGING INC	$310,000	–	6,540	–	0.11%	–
EWBC	New	EAST WEST BANCORP INC	$307,000	–	5,240	–	0.11%	–
ENSG	New	ENSIGN GROUP INC	$306,000	–	14,042	–	0.11%	–
CNOB	New	CONNECTONE BANCORP INC NEW	$283,000	–	12,538	–	0.10%	–
BC	New	BRUNSWICK CORP	$266,000	–	4,244	–	0.10%	–
HTBK	New	HERITAGE COMMERCE CORP	$266,000	–	19,335	–	0.10%	–
CUBI	New	CUSTOMERS BANCORP INC	$268,000	–	9,463	–	0.10%	–
KELYA	New	KELLY SVCS INCcl a	$264,000	–	11,751	–	0.10%	–
AMN	New	AMN HEALTHCARE SERVICES INC	$261,000	–	6,680	–	0.10%	–
SYKE	New	SYKES ENTERPRISES INC	$261,000	–	7,772	–	0.10%	–
GPT	New	GRAMERCY PPTY TR	$258,000	–	8,694	–	0.09%	–
LNDC	New	LANDEC CORP	$257,000	–	17,327	–	0.09%	–
THO	New	THOR INDS INC	$252,000	–	2,413	–	0.09%	–
CSV	New	CARRIAGE SVCS INC	$252,000	–	9,329	–	0.09%	–
WAL	New	WESTERN ALLIANCE BANCORP	$253,000	–	5,147	–	0.09%	–
APOG	New	APOGEE ENTERPRISES INC	$253,000	–	4,450	–	0.09%	–
ENS	New	ENERSYS	$241,000	–	3,322	–	0.09%	–
WGO	New	WINNEBAGO INDS INC	$243,000	–	6,955	–	0.09%	–
THRM	New	GENTHERM INC	$242,000	–	6,225	–	0.09%	–
HELE	New	HELEN OF TROY CORP LTD	$241,000	–	2,561	–	0.09%	–
CRUS	New	CIRRUS LOGIC INC	$238,000	–	3,792	–	0.09%	–
CBM	New	CAMBREX CORP	$240,000	–	4,013	–	0.09%	–
HBI	New	HANESBRANDS INC	$235,000	–	10,162	–	0.08%	–
ARRS	New	ARRIS INTL INC	$220,000	–	7,864	–	0.08%	–
INGR	New	INGREDION INC	$215,000	–	1,803	–	0.08%	–
MEI	New	METHODE ELECTRS INC	$210,000	–	5,088	–	0.08%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$207,000	–	3,589	–	0.08%	–
NTGR	New	NETGEAR INC	$202,000	–	4,676	–	0.07%	–
CHI	New	CALAMOS CONV OPP AND INC FDsh ben int	$158,000	–	14,000	–	0.06%	–
PLAB	New	PHOTRONICS INC	$144,000	–	15,343	–	0.05%	–
MTRX	New	MATRIX SVC CO	$95,000	–	10,213	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
LNDC	Exit	LANDEC CORP	$0	–	-14,456	–	-0.08%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-5,882	–	-0.09%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-20,145	–	-0.09%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-7,951	–	-0.09%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-5,737	–	-0.09%	–
THRM	Exit	GENTHERM INC	$0	–	-7,047	–	-0.09%	–
FBIZ	Exit	FIRST BUS FINL SVCS INC WIS	$0	–	-9,583	–	-0.10%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-8,054	–	-0.10%	–
CSV	Exit	CARRIAGE SVCS INC	$0	–	-9,713	–	-0.10%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-8,675	–	-0.10%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-8,267	–	-0.10%	–
HFWA	Exit	HERITAGE FINL CORP WASH	$0	–	-13,014	–	-0.10%	–
THO	Exit	THOR INDS INC	$0	–	-2,806	–	-0.10%	–
HTBK	Exit	HERITAGE COMMERCE CORP	$0	–	-22,236	–	-0.10%	–
CNOB	Exit	CONNECTONE BANCORP INC NEW	$0	–	-13,683	–	-0.10%	–
GNTX	Exit	GENTEX CORP	$0	–	-14,188	–	-0.11%	–
PFBC	Exit	PREFERRED BK LOS ANGELES CA	$0	–	-6,948	–	-0.11%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-11,851	–	-0.11%	–
CBT	Exit	CABOT CORP	$0	–	-4,806	–	-0.11%	–
GMED	Exit	GLOBUS MED INCcl a	$0	–	-11,136	–	-0.11%	–
EFII	Exit	ELECTRONICS FOR IMAGING INC	$0	–	-5,523	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-9,100	–	-0.12%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-7,258	–	-0.12%	–
LBAI	Exit	LAKELAND BANCORP INC	$0	–	-19,881	–	-0.12%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,210	–	-0.12%	–
CUBI	Exit	CUSTOMERS BANCORP INC	$0	–	-13,281	–	-0.14%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-2,879	–	-0.15%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-20,010	–	-0.26%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-7,454	–	-0.28%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-3,866	–	-0.36%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-93,240	–	-0.46%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-87,262	–	-0.52%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-17,812	–	-0.56%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-33,627	–	-0.68%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-46,035	–	-0.74%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-24,179	–	-0.78%	–
MYL	Exit	MYLAN N V	$0	–	-50,364	–	-0.82%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-49,194	–	-0.83%	–
ANTM	Exit	ANTHEM INC	$0	–	-15,675	–	-0.84%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-31,482	–	-0.89%	–
UFS	Exit	DOMTAR CORP	$0	–	-56,410	–	-0.89%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-19,576	–	-0.91%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-13,517	–	-0.93%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-90,934	–	-0.93%	–
KR	Exit	KROGER CO	$0	–	-79,183	–	-1.00%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-24,059	–	-1.04%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-64,552	–	-1.07%	–
JBL	Exit	JABIL CIRCUIT INC	$0	–	-116,284	–	-1.08%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-40,957	–	-1.10%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-87,584	–	-1.11%	–
BAC	Exit	BANK AMER CORP	$0	–	-173,814	–	-1.16%	–
RLJ	Exit	RLJ LODGING TR	$0	–	-132,908	–	-1.19%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-18,113	–	-1.25%	–
SPLS	Exit	STAPLES INC	$0	–	-369,565	–	-1.34%	–
KSS	Exit	KOHLS CORP	$0	–	-72,295	–	-1.35%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-39,491	–	-1.36%	–
C	Exit	CITIGROUP INC	$0	–	-69,313	–	-1.39%	–
ORCL	Exit	ORACLE CORP	$0	–	-85,193	–	-1.42%	–
KEY	Exit	KEYCORP NEW	$0	–	-276,333	–	-1.43%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-39,250	–	-1.49%	–
AAPL	Exit	APPLE INC	$0	–	-31,129	–	-1.50%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-72,340	–	-1.50%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-72,089	–	-1.56%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-47,246	–	-1.59%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-102,045	–	-1.60%	–
GM	Exit	GENERAL MTRS CO	$0	–	-120,719	–	-1.63%	–
TGT	Exit	TARGET CORP	$0	–	-58,626	–	-1.71%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-28,971	–	-1.73%	–
FDX	Exit	FEDEX CORP	$0	–	-23,620	–	-1.76%	–
UMPQ	Exit	UMPQUA HLDGS CORP	$0	–	-282,519	–	-1.81%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-111,915	–	-1.88%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-82,308	–	-1.92%	–
CSCO	Exit	CISCO SYS INC	$0	–	-144,838	–	-1.96%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-81,257	–	-1.99%	–
INTC	Exit	INTEL CORP	$0	–	-124,852	–	-2.01%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-109,531	–	-2.06%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-55,317	–	-2.11%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-70,885	–	-2.15%	–
T	Exit	AT&T INC	$0	–	-134,362	–	-2.32%	–
AMGN	Exit	AMGEN INC	$0	–	-33,774	–	-2.40%	–
R	Exit	RYDER SYS INC	$0	–	-88,045	–	-2.47%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-595,890	–	-2.50%	–
F	Exit	FORD MTR CO DEL	$0	–	-491,251	–	-2.52%	–
BP	Exit	BP PLCsponsored adr	$0	–	-177,152	–	-2.65%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-137,640	–	-2.73%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-104,093	–	-2.95%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-86,867	–	-3.02%	–
ABBV	Exit	ABBVIE INC	$0	–	-114,551	–	-3.08%	–
BA	Exit	BOEING CO	$0	–	-55,435	–	-3.11%	–
PFE	Exit	PFIZER INC	$0	–	-241,609	–	-3.48%	–

Q3 2016

			Value		Shares		↓ Weighting
PFE	Sell	PFIZER INC	$8,183,000	-4.9%	241,609	-1.1%	3.48%	-0.4%
BA	Sell	BOEING CO	$7,303,000	+0.1%	55,435	-1.3%	3.11%	+4.8%
ABBV	Sell	ABBVIE INC	$7,225,000	+0.4%	114,551	-1.5%	3.08%	+5.1%
PRU	Sell	PRUDENTIAL FINL INC	$7,093,000	+13.6%	86,867	-0.8%	3.02%	+18.9%
JPM	Sell	JPMORGAN CHASE & CO	$6,932,000	+5.3%	104,093	-1.7%	2.95%	+10.3%
JCI	New	JOHNSON CTLS INTL PLC	$6,404,000	–	137,640	–	2.73%	–
BP	Sell	BP PLCsponsored adr	$6,229,000	-2.9%	177,152	-2.0%	2.65%	+1.6%
F	Sell	FORD MTR CO DEL	$5,929,000	-4.9%	491,251	-1.0%	2.52%	-0.4%
RF	New	REGIONS FINL CORP NEW	$5,881,000	–	595,890	–	2.50%	–
R	Buy	RYDER SYS INC	$5,807,000	+8.7%	88,045	+0.8%	2.47%	+13.9%
AMGN	Sell	AMGEN INC	$5,634,000	+7.9%	33,774	-1.6%	2.40%	+13.0%
T	Buy	AT&T INC	$5,456,000	-4.5%	134,362	+1.6%	2.32%	-0.0%
3106PS	Sell	DELPHI AUTOMOTIVE PLC	$5,056,000	+8.1%	70,885	-5.2%	2.15%	+13.1%
PG	Buy	PROCTER AND GAMBLE CO	$4,965,000	+8.7%	55,317	+2.6%	2.11%	+13.8%
WFC	Sell	WELLS FARGO & CO NEW	$4,850,000	-7.3%	109,531	-0.9%	2.06%	-3.0%
INTC	Sell	INTEL CORP	$4,713,000	+14.6%	124,852	-0.4%	2.01%	+20.0%
MSFT	Buy	MICROSOFT CORP	$4,680,000	+12.7%	81,257	+0.2%	1.99%	+18.1%
CSCO	Buy	CISCO SYS INC	$4,594,000	+14.4%	144,838	+3.5%	1.96%	+19.8%
CBS	Sell	CBS CORP NEWcl b	$4,506,000	-3.8%	82,308	-4.3%	1.92%	+0.7%
PFF	Buy	ISHARES TRu.s. pfd stk etf	$4,421,000	+1.4%	111,915	+2.4%	1.88%	+6.1%
UMPQ	Buy	UMPQUA HLDGS CORP	$4,252,000	-0.2%	282,519	+2.6%	1.81%	+4.5%
FDX	Sell	FEDEX CORP	$4,126,000	+10.7%	23,620	-3.8%	1.76%	+15.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,056,000	-4.7%	28,971	-3.8%	1.73%	-0.2%
TGT	Buy	TARGET CORP	$4,026,000	+0.4%	58,626	+2.1%	1.71%	+5.2%
GM	Buy	GENERAL MTRS CO	$3,835,000	+13.4%	120,719	+1.0%	1.63%	+18.7%
JNK	Buy	SPDR SERIES TRUSTbrc hgh yld bd	$3,747,000	+6.3%	102,045	+3.3%	1.60%	+11.3%
GILD	Sell	GILEAD SCIENCES INC	$3,738,000	-10.7%	47,246	-5.9%	1.59%	-6.5%
AJG	Buy	GALLAGHER ARTHUR J & CO	$3,667,000	+7.8%	72,089	+0.9%	1.56%	+12.9%
CCL	Buy	CARNIVAL CORPunit 99/99/9999	$3,532,000	+13.9%	72,340	+3.1%	1.50%	+19.2%
AAPL	Sell	APPLE INC	$3,519,000	+8.3%	31,129	-8.4%	1.50%	+13.5%
CVS	Sell	CVS HEALTH CORP	$3,493,000	-10.0%	39,250	-3.2%	1.49%	-5.8%
KEY	Sell	KEYCORP NEW	$3,363,000	+4.8%	276,333	-4.8%	1.43%	+9.7%
ORCL	Sell	ORACLE CORP	$3,346,000	-7.4%	85,193	-3.5%	1.42%	-3.0%
C	Sell	CITIGROUP INC	$3,274,000	+5.6%	69,313	-5.2%	1.39%	+10.6%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$3,184,000	-0.0%	39,491	+3.3%	1.36%	+4.6%
KSS	Buy	KOHLS CORP	$3,163,000	+18.8%	72,295	+3.0%	1.35%	+24.3%
SPLS	Sell	STAPLES INC	$3,160,000	-1.5%	369,565	-0.7%	1.34%	+3.1%
WHR	Sell	WHIRLPOOL CORP	$2,937,000	-31.3%	18,113	-29.4%	1.25%	-28.0%
RLJ	Buy	RLJ LODGING TR	$2,795,000	+0.0%	132,908	+2.0%	1.19%	+4.8%
BAC	Sell	BANK AMER CORP	$2,720,000	+10.1%	173,814	-6.7%	1.16%	+15.2%
HPT	Buy	HOSPITALITY PPTYS TR	$2,603,000	+6.5%	87,584	+3.2%	1.11%	+11.5%
MO	Buy	ALTRIA GROUP INC	$2,590,000	-5.1%	40,957	+3.5%	1.10%	-0.6%
JBL	Sell	JABIL CIRCUIT INC	$2,537,000	-40.0%	116,284	-49.2%	1.08%	-37.2%
LUV	Sell	SOUTHWEST AIRLS CO	$2,510,000	-7.6%	64,552	-6.8%	1.07%	-3.3%
NXPI	New	NXP SEMICONDUCTORS N V	$2,454,000	–	24,059	–	1.04%	–
KR	Buy	KROGER CO	$2,350,000	+3.7%	79,183	+28.5%	1.00%	+8.5%
JNPR	New	JUNIPER NETWORKS INC	$2,188,000	–	90,934	–	0.93%	–
GS	Sell	GOLDMAN SACHS GROUP INC	$2,180,000	+2.0%	13,517	-6.0%	0.93%	+6.8%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,141,000	-0.9%	19,576	-2.4%	0.91%	+3.6%
UFS	Buy	DOMTAR CORP	$2,095,000	+10.8%	56,410	+4.5%	0.89%	+16.1%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,089,000	-5.2%	31,482	-6.9%	0.89%	-0.8%
ANTM	New	ANTHEM INC	$1,964,000	–	15,675	–	0.84%	–
FSLR	Sell	FIRST SOLAR INC	$1,943,000	-24.2%	49,194	-6.9%	0.83%	-20.6%
MYL	Sell	MYLAN N V	$1,920,000	-17.9%	50,364	-7.0%	0.82%	-14.1%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$1,841,000	+15.0%	24,179	-4.5%	0.78%	+20.4%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDGS	$1,736,000	-10.6%	46,035	-5.5%	0.74%	-6.3%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,604,000	-22.6%	33,627	-7.1%	0.68%	-19.0%
SIG	Sell	SIGNET JEWELERS LIMITED	$1,328,000	-15.8%	17,812	-6.9%	0.56%	-11.9%
SCS	Sell	STEELCASE INCcl a	$1,212,000	+0.3%	87,262	-2.0%	0.52%	+5.1%
CYH	Sell	COMMUNITY HEALTH SYS INC NEW	$1,076,000	-9.1%	93,240	-5.1%	0.46%	-4.8%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$668,000	-0.7%	7,454	-0.9%	0.28%	+3.6%
LQD	Buy	ISHARES TRiboxx inv cp etf	$355,000	+4.7%	2,879	+4.3%	0.15%	+9.4%
CUBI	New	CUSTOMERS BANCORP INC	$334,000	–	13,281	–	0.14%	–
LBAI	Sell	LAKELAND BANCORP INC	$279,000	+22.4%	19,881	-0.8%	0.12%	+28.0%
WAL	New	WESTERN ALLIANCE BANCORP	$272,000	–	7,258	–	0.12%	–
GE	Sell	GENERAL ELECTRIC CO	$270,000	-18.7%	9,100	-13.7%	0.12%	-14.8%
EFII	Sell	ELECTRONICS FOR IMAGING INC	$270,000	+12.5%	5,523	-0.9%	0.12%	+17.3%
GMED	New	GLOBUS MED INCcl a	$251,000	–	11,136	–	0.11%	–
CBT	Sell	CABOT CORP	$252,000	+13.5%	4,806	-1.0%	0.11%	+18.9%
PFBC	Sell	PREFERRED BK LOS ANGELES CA	$248,000	+22.8%	6,948	-0.9%	0.11%	+29.3%
GNTX	Sell	GENTEX CORP	$249,000	+12.7%	14,188	-0.8%	0.11%	+17.8%
UCBI	Sell	UNITED CMNTY BKS BLAIRSVLE G	$249,000	+13.7%	11,851	-0.8%	0.11%	+19.1%
CNOB	Sell	CONNECTONE BANCORP INC NEW	$247,000	+14.4%	13,683	-0.8%	0.10%	+19.3%
HTBK	Sell	HERITAGE COMMERCE CORP	$243,000	+3.0%	22,236	-0.8%	0.10%	+7.3%
THO	New	THOR INDS INC	$238,000	–	2,806	–	0.10%	–
ARRS	New	ARRIS INTL INC	$234,000	–	8,267	–	0.10%	–
HFWA	Sell	HERITAGE FINL CORP WASH	$234,000	+1.3%	13,014	-0.8%	0.10%	+6.4%
SCI	Sell	SERVICE CORP INTL	$230,000	-2.5%	8,675	-0.8%	0.10%	+2.1%
CSV	New	CARRIAGE SVCS INC	$230,000	–	9,713	–	0.10%	–
PWR	New	QUANTA SVCS INC	$225,000	–	8,054	–	0.10%	–
FBIZ	Sell	FIRST BUS FINL SVCS INC WIS	$225,000	-0.9%	9,583	-0.9%	0.10%	+4.3%
THRM	Sell	GENTHERM INC	$221,000	-9.4%	7,047	-0.9%	0.09%	-5.1%
EWBC	New	EAST WEST BANCORP INC	$211,000	–	5,737	–	0.09%	–
MENT	New	MENTOR GRAPHICS CORP	$210,000	–	7,951	–	0.09%	–
PLAB	Sell	PHOTRONICS INC	$208,000	+14.9%	20,145	-0.8%	0.09%	+20.3%
MEI	Sell	METHODE ELECTRS INC	$206,000	+1.5%	5,882	-0.9%	0.09%	+6.0%
LNDC	Sell	LANDEC CORP	$194,000	+23.6%	14,456	-1.0%	0.08%	+29.7%
ENSG	Exit	ENSIGN GROUP INC	$0	–	-9,533	–	-0.08%	–
MTRX	Exit	MATRIX SVC CO	$0	–	-12,571	–	-0.08%	–
HAR	Exit	HARMAN INTL INDS INC	$0	–	-3,339	–	-0.10%	–
CBM	Exit	CAMBREX CORP	$0	–	-4,816	–	-0.10%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-3,980	–	-0.10%	–
FLIR	Exit	FLIR SYS INC	$0	–	-9,063	–	-0.11%	–
EXAC	Exit	EXACTECH INC	$0	–	-11,362	–	-0.12%	–
HAIN	Exit	HAIN CELESTIAL GROUP INC	$0	–	-6,226	–	-0.13%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-4,050	–	-0.17%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-4,460	–	-0.21%	–
MCK	Exit	MCKESSON CORP	$0	–	-15,965	–	-1.21%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-39,291	–	-1.21%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-35,758	–	-1.76%	–
IP	Exit	INTL PAPER CO	$0	–	-126,277	–	-2.18%	–
QCOM	Exit	QUALCOMM INC	$0	–	-116,677	–	-2.54%	–
JCI	Exit	JOHNSON CTLS INC	$0	–	-167,526	–	-3.01%	–

Q2 2016

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC	$8,602,000	–	244,304	–	3.50%	–
JCI	New	JOHNSON CTLS INC	$7,415,000	–	167,526	–	3.01%	–
BA	New	BOEING CO	$7,296,000	–	56,183	–	2.97%	–
ABBV	New	ABBVIE INC	$7,198,000	–	116,270	–	2.93%	–
JPM	New	JPMORGAN CHASE & CO	$6,580,000	–	105,891	–	2.68%	–
BP	New	BP PLCsponsored adr	$6,418,000	–	180,730	–	2.61%	–
QCOM	New	QUALCOMM INC	$6,250,000	–	116,677	–	2.54%	–
PRU	New	PRUDENTIAL FINL INC	$6,246,000	–	87,557	–	2.54%	–
F	New	FORD MTR CO DEL	$6,235,000	–	496,046	–	2.54%	–
T	New	AT&T INC	$5,714,000	–	132,229	–	2.32%	–
IP	New	INTL PAPER CO	$5,352,000	–	126,277	–	2.18%	–
R	New	RYDER SYS INC	$5,341,000	–	87,359	–	2.17%	–
WFC	New	WELLS FARGO & CO NEW	$5,233,000	–	110,569	–	2.13%	–
AMGN	New	AMGEN INC	$5,220,000	–	34,309	–	2.12%	–
CBS	New	CBS CORP NEWcl b	$4,683,000	–	86,022	–	1.90%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$4,678,000	–	74,735	–	1.90%	–
PG	New	PROCTER & GAMBLE CO	$4,566,000	–	53,926	–	1.86%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$4,361,000	–	109,330	–	1.77%	–
JNJ	New	JOHNSON & JOHNSON	$4,337,000	–	35,758	–	1.76%	–
WHR	New	WHIRLPOOL CORP	$4,273,000	–	25,643	–	1.74%	–
UMPQ	New	UMPQUA HLDGS CORP	$4,260,000	–	275,399	–	1.73%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,254,000	–	30,126	–	1.73%	–
JBL	New	JABIL CIRCUIT INC	$4,230,000	–	229,017	–	1.72%	–
GILD	New	GILEAD SCIENCES INC	$4,187,000	–	50,194	–	1.70%	–
MSFT	New	MICROSOFT CORP	$4,151,000	–	81,116	–	1.69%	–
INTC	New	INTEL CORP	$4,113,000	–	125,399	–	1.67%	–
CSCO	New	CISCO SYS INC	$4,015,000	–	139,936	–	1.63%	–
TGT	New	TARGET CORP	$4,009,000	–	57,419	–	1.63%	–
CVS	New	CVS HEALTH CORP	$3,882,000	–	40,549	–	1.58%	–
FDX	New	FEDEX CORP	$3,727,000	–	24,552	–	1.52%	–
ORCL	New	ORACLE CORP	$3,612,000	–	88,241	–	1.47%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$3,525,000	–	98,781	–	1.43%	–
AJG	New	GALLAGHER ARTHUR J & CO	$3,402,000	–	71,476	–	1.38%	–
GM	New	GENERAL MTRS CO	$3,383,000	–	119,534	–	1.38%	–
AAPL	New	APPLE INC	$3,248,000	–	33,975	–	1.32%	–
KEY	New	KEYCORP NEW	$3,208,000	–	290,326	–	1.30%	–
SPLS	New	STAPLES INC	$3,208,000	–	372,122	–	1.30%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,185,000	–	38,245	–	1.30%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$3,101,000	–	70,163	–	1.26%	–
C	New	CITIGROUP INC	$3,099,000	–	73,109	–	1.26%	–
MCK	New	MCKESSON CORP	$2,980,000	–	15,965	–	1.21%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$2,978,000	–	39,291	–	1.21%	–
RLJ	New	RLJ LODGING TR	$2,794,000	–	130,271	–	1.14%	–
MO	New	ALTRIA GROUP INC	$2,729,000	–	39,574	–	1.11%	–
LUV	New	SOUTHWEST AIRLS CO	$2,715,000	–	69,230	–	1.10%	–
KSS	New	KOHLS CORP	$2,663,000	–	70,218	–	1.08%	–
FSLR	New	FIRST SOLAR INC	$2,563,000	–	52,866	–	1.04%	–
BAC	New	BANK AMER CORP	$2,471,000	–	186,245	–	1.00%	–
HPT	New	HOSPITALITY PPTYS TR	$2,445,000	–	84,880	–	0.99%	–
MYL	New	MYLAN N V	$2,340,000	–	54,128	–	0.95%	–
KR	New	KROGER CO	$2,267,000	–	61,615	–	0.92%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,204,000	–	33,815	–	0.90%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,161,000	–	20,062	–	0.88%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,137,000	–	14,384	–	0.87%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,073,000	–	36,208	–	0.84%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$1,942,000	–	48,738	–	0.79%	–
UFS	New	DOMTAR CORP	$1,890,000	–	53,997	–	0.77%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,601,000	–	25,308	–	0.65%	–
SIG	New	SIGNET JEWELERS LIMITED	$1,577,000	–	19,132	–	0.64%	–
SCS	New	STEELCASE INCcl a	$1,208,000	–	89,036	–	0.49%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$1,184,000	–	98,282	–	0.48%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$810,000	–	3,866	–	0.33%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$673,000	–	7,522	–	0.27%	–
CATY	New	CATHAY GEN BANCORP	$564,000	–	20,010	–	0.23%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$520,000	–	4,460	–	0.21%	–
IWD	New	ISHARES TRrus 1000 val etf	$418,000	–	4,050	–	0.17%	–
LQD	New	ISHARES TRiboxx inv cp etf	$339,000	–	2,759	–	0.14%	–
GE	New	GENERAL ELECTRIC CO	$332,000	–	10,545	–	0.14%	–
HAIN	New	HAIN CELESTIAL GROUP INC	$310,000	–	6,226	–	0.13%	–
EXAC	New	EXACTECH INC	$304,000	–	11,362	–	0.12%	–
XOM	New	EXXON MOBIL CORP	$301,000	–	3,210	–	0.12%	–
FLIR	New	FLIR SYS INC	$280,000	–	9,063	–	0.11%	–
DD	New	DU PONT E I DE NEMOURS & CO	$258,000	–	3,980	–	0.10%	–
CBM	New	CAMBREX CORP	$249,000	–	4,816	–	0.10%	–
THRM	New	GENTHERM INC	$244,000	–	7,110	–	0.10%	–
HAR	New	HARMAN INTL INDS INC	$240,000	–	3,339	–	0.10%	–
EFII	New	ELECTRONICS FOR IMAGING INC	$240,000	–	5,571	–	0.10%	–
SCI	New	SERVICE CORP INTL	$236,000	–	8,746	–	0.10%	–
HTBK	New	HERITAGE COMMERCE CORP	$236,000	–	22,422	–	0.10%	–
HFWA	New	HERITAGE FINL CORP WASH	$231,000	–	13,123	–	0.09%	–
LBAI	New	LAKELAND BANCORP INC	$228,000	–	20,047	–	0.09%	–
FBIZ	New	FIRST BUS FINL SVCS INC WIS	$227,000	–	9,669	–	0.09%	–
GNTX	New	GENTEX CORP	$221,000	–	14,307	–	0.09%	–
CBT	New	CABOT CORP	$222,000	–	4,854	–	0.09%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$219,000	–	11,951	–	0.09%	–
CNOB	New	CONNECTONE BANCORP INC NEW	$216,000	–	13,790	–	0.09%	–
MTRX	New	MATRIX SVC CO	$207,000	–	12,571	–	0.08%	–
MEI	New	METHODE ELECTRS INC	$203,000	–	5,935	–	0.08%	–
PFBC	New	PREFERRED BK LOS ANGELES CA	$202,000	–	7,011	–	0.08%	–
ENSG	New	ENSIGN GROUP INC	$200,000	–	9,533	–	0.08%	–
PLAB	New	PHOTRONICS INC	$181,000	–	20,307	–	0.07%	–
LNDC	New	LANDEC CORP	$157,000	–	14,596	–	0.06%	–

Q4 2015

			Value		Shares		↓ Weighting
MOD	Exit	MODINE MFG CO	$0	–	-17,912	–	-0.05%	–
BOOM	Exit	DYNAMIC MATLS CORP	$0	–	-16,613	–	-0.06%	–
LNDC	Exit	LANDEC CORP	$0	–	-17,552	–	-0.08%	–
ECPG	Exit	ENCORE CAP GROUP INC	$0	–	-5,507	–	-0.08%	–
SYKE	Exit	SYKES ENTERPRISES INC	$0	–	-8,134	–	-0.08%	–
AIT	Exit	APPLIED INDL TECHNOLOGIES IN	$0	–	-5,654	–	-0.08%	–
LCI	Exit	LANNET INC	$0	–	-5,213	–	-0.08%	–
PLAB	Exit	PHOTRONICS INC	$0	–	-24,432	–	-0.08%	–
MEI	Exit	METHODE ELECTRS INC	$0	–	-7,052	–	-0.09%	–
COHR	Exit	COHERENT INC	$0	–	-4,119	–	-0.09%	–
CYNO	Exit	CYNOSURE INCcl a	$0	–	-7,568	–	-0.09%	–
PRAA	Exit	PRA GROUP INC	$0	–	-4,428	–	-0.09%	–
SCSC	Exit	SCANSOURCE INC	$0	–	-6,692	–	-0.09%	–
MTRX	Exit	MATRIX SVC CO	$0	–	-10,629	–	-0.09%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,210	–	-0.09%	–
THRM	Exit	GENTHERM INC	$0	–	-5,509	–	-0.10%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-10,067	–	-0.10%	–
IIVI	Exit	II VI INC	$0	–	-15,568	–	-0.10%	–
CUBI	Exit	CUSTOMERS BANCORP INC	$0	–	-9,806	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,000	–	-0.10%	–
RSTI	Exit	ROFIN SINAR TECHNOLOGIES INC	$0	–	-9,879	–	-0.10%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-27,135	–	-0.10%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-9,708	–	-0.10%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-18,526	–	-0.10%	–
FBIZ	Exit	FIRST BUS FINL SVCS INC WIS	$0	–	-11,304	–	-0.10%	–
CAB	Exit	CABELAS INC	$0	–	-5,950	–	-0.10%	–
SMCI	Exit	SUPER MICRO COMPUTER INC	$0	–	-10,099	–	-0.11%	–
AMSF	Exit	AMERISAFE INC	$0	–	-5,591	–	-0.11%	–
HFWA	Exit	HERITAGE FINL CORP WASH	$0	–	-15,379	–	-0.11%	–
WIBC	Exit	WILSHIRE BANCORP INC	$0	–	-28,927	–	-0.12%	–
ENS	Exit	ENERSYS	$0	–	-5,689	–	-0.12%	–
EXAC	Exit	EXACTECH INC	$0	–	-18,202	–	-0.12%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-4,130	–	-0.13%	–
LKFN	Exit	LAKELAND FINL CORP	$0	–	-7,725	–	-0.14%	–
COBZ	Exit	COBIZ FINANCIAL INC	$0	–	-27,064	–	-0.14%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-3,216	–	-0.14%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,613	–	-0.19%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-24,210	–	-0.28%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-10,476	–	-0.34%	–
GWW	Exit	GRAINGER W W INC	$0	–	-6,126	–	-0.51%	–
SSINQ	Exit	STAGE STORES INC	$0	–	-138,627	–	-0.53%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-18,936	–	-0.58%	–
SWFT	Exit	SWIFT TRANSN COcl a	$0	–	-106,072	–	-0.61%	–
CHKLQ	Exit	CHESAPEAKE ENERGY CORPpfd conv	$0	–	-28,159	–	-0.64%	–
BP	Exit	BP PLCsponsored adr	$0	–	-54,122	–	-0.64%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-91,207	–	-0.65%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,202	–	-0.66%	–
TKR	Exit	TIMKEN CO	$0	–	-67,133	–	-0.71%	–
THO	Exit	THOR INDS INC	$0	–	-37,379	–	-0.75%	–
UFS	Exit	DOMTAR CORP	$0	–	-54,646	–	-0.75%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-29,929	–	-0.75%	–
DAKT	Exit	DAKTRONICS INC	$0	–	-229,253	–	-0.77%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-45,367	–	-0.77%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-46,564	–	-0.80%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-20,909	–	-0.80%	–
WELL	Exit	WELLTOWER INC	$0	–	-30,835	–	-0.80%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-85,168	–	-0.84%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-41,047	–	-0.86%	–
MYL	Exit	MYLAN N V	$0	–	-55,849	–	-0.87%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-52,991	–	-0.87%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-55,227	–	-0.91%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-21,676	–	-0.97%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-112,229	–	-1.05%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-73,600	–	-1.08%	–
URI	Exit	UNITED RENTALS INC	$0	–	-47,494	–	-1.10%	–
T	Exit	AT&T INC	$0	–	-89,710	–	-1.13%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-51,331	–	-1.13%	–
BAC	Exit	BANK AMER CORP	$0	–	-194,650	–	-1.17%	–
BLK	Exit	BLACKROCK INC	$0	–	-11,213	–	-1.29%	–
PII	Exit	POLARIS INDS INC	$0	–	-28,057	–	-1.30%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-41,697	–	-1.30%	–
RLJ	Exit	RLJ LODGING TR	$0	–	-133,678	–	-1.30%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-43,148	–	-1.32%	–
UNP	Exit	UNION PAC CORP	$0	–	-39,298	–	-1.34%	–
ORCL	Exit	ORACLE CORP	$0	–	-96,859	–	-1.35%	–
C	Exit	CITIGROUP INC	$0	–	-71,079	–	-1.36%	–
EMC	Exit	E M C CORP MASS	$0	–	-148,621	–	-1.38%	–
TGT	Exit	TARGET CORP	$0	–	-46,458	–	-1.41%	–
RTN	Exit	RAYTHEON CO	$0	–	-33,488	–	-1.41%	–
GM	Exit	GENERAL MTRS CO	$0	–	-122,719	–	-1.42%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-103,762	–	-1.43%	–
TRN	Exit	TRINITY INDS INC	$0	–	-164,599	–	-1.44%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-96,715	–	-1.49%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-101,128	–	-1.51%	–
FDX	Exit	FEDEX CORP	$0	–	-27,268	–	-1.51%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-66,567	–	-1.54%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-103,141	–	-1.56%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-27,768	–	-1.58%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-42,783	–	-1.59%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-57,880	–	-1.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-45,104	–	-1.62%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-97,584	–	-1.64%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-100,897	–	-1.68%	–
JBL	Exit	JABIL CIRCUIT INC	$0	–	-194,665	–	-1.68%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-61,492	–	-1.80%	–
UMPQ	Exit	UMPQUA HLDGS CORP	$0	–	-290,591	–	-1.83%	–
R	Exit	RYDER SYS INC	$0	–	-65,619	–	-1.87%	–
KSS	Exit	KOHLS CORP	$0	–	-108,294	–	-1.93%	–
IP	Exit	INTL PAPER CO	$0	–	-134,413	–	-1.96%	–
STLD	Exit	STEEL DYNAMICS INC	$0	–	-317,434	–	-2.10%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-48,602	–	-2.18%	–
BA	Exit	BOEING CO	$0	–	-45,667	–	-2.31%	–
ETN	Exit	EATON CORP PLC	$0	–	-121,218	–	-2.40%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-133,031	–	-2.47%	–
QCOM	Exit	QUALCOMM INC	$0	–	-120,591	–	-2.50%	–
ABBV	Exit	ABBVIE INC	$0	–	-122,232	–	-2.56%	–
F	Exit	FORD MTR CO DEL	$0	–	-491,419	–	-2.57%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-114,237	–	-2.69%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-92,284	–	-2.71%	–

Q3 2015

			Value		Shares		↓ Weighting
PRU	Buy	PRUDENTIAL FINL INC	$7,033,000	-12.6%	92,284	+0.4%	2.71%	-4.2%
JPM	Sell	JPMORGAN CHASE & CO	$6,965,000	-11.1%	114,237	-1.2%	2.69%	-2.5%
F	Sell	FORD MTR CO DEL	$6,669,000	-9.9%	491,419	-0.3%	2.57%	-1.3%
ABBV	Sell	ABBVIE INC	$6,651,000	-19.6%	122,232	-0.7%	2.56%	-11.9%
QCOM	Sell	QUALCOMM INC	$6,479,000	-15.6%	120,591	-1.6%	2.50%	-7.5%
DD	New	DU PONT E I DE NEMOURS & CO	$6,412,000	–	133,031	–	2.47%	–
ETN	Buy	EATON CORP PLC	$6,218,000	-14.7%	121,218	+12.3%	2.40%	-6.5%
BA	Buy	BOEING CO	$5,980,000	+289.1%	45,667	+312.2%	2.31%	+326.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,638,000	+20.7%	48,602	+27.0%	2.18%	+32.4%
STLD	Sell	STEEL DYNAMICS INC	$5,454,000	-18.3%	317,434	-1.5%	2.10%	-10.5%
IP	Buy	INTL PAPER CO	$5,079,000	+108.5%	134,413	+162.6%	1.96%	+128.6%
KSS	New	KOHLS CORP	$5,015,000	–	108,294	–	1.93%	–
R	Buy	RYDER SYS INC	$4,858,000	+32.7%	65,619	+56.6%	1.87%	+45.5%
UMPQ	Sell	UMPQUA HLDGS CORP	$4,737,000	-9.7%	290,591	-0.3%	1.83%	-1.0%
3106PS	New	DELPHI AUTOMOTIVE PLC	$4,676,000	–	61,492	–	1.80%	–
JBL	Sell	JABIL CIRCUIT INC	$4,355,000	+3.8%	194,665	-1.3%	1.68%	+13.7%
TSN	Sell	TYSON FOODS INCcl a	$4,349,000	-0.6%	100,897	-1.7%	1.68%	+9.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,246,000	-41.7%	97,584	-37.5%	1.64%	-36.0%
JNJ	Sell	JOHNSON & JOHNSON	$4,210,000	-4.5%	45,104	-0.3%	1.62%	+4.7%
PG	Buy	PROCTER & GAMBLE CO	$4,164,000	+48.7%	57,880	+61.7%	1.61%	+63.0%
CVS	Sell	CVS HEALTH CORP	$4,128,000	-33.0%	42,783	-27.1%	1.59%	-26.5%
WHR	Buy	WHIRLPOOL CORP	$4,089,000	+20.6%	27,768	+41.7%	1.58%	+32.2%
OII	Buy	OCEANEERING INTL INC	$4,051,000	+77.3%	103,141	+110.3%	1.56%	+94.3%
TEL	Sell	TE CONNECTIVITY LTD	$3,987,000	-7.9%	66,567	-1.1%	1.54%	+0.9%
FDX	Sell	FEDEX CORP	$3,926,000	-18.7%	27,268	-3.8%	1.51%	-10.9%
PFF	Buy	ISHARES TRu.s. pfd stk etf	$3,904,000	+0.9%	101,128	+2.4%	1.51%	+10.7%
CBS	Buy	CBS CORP NEWcl b	$3,859,000	-20.1%	96,715	+11.1%	1.49%	-12.4%
TRN	Sell	TRINITY INDS INC	$3,731,000	-16.2%	164,599	-2.3%	1.44%	-8.2%
JNK	Buy	SPDR SERIES TRUSTbrc hgh yld bd	$3,700,000	-3.6%	103,762	+3.9%	1.43%	+5.6%
GM	Buy	GENERAL MTRS CO	$3,684,000	+42.2%	122,719	+57.9%	1.42%	+56.0%
RTN	New	RAYTHEON CO	$3,659,000	–	33,488	–	1.41%	–
TGT	Sell	TARGET CORP	$3,654,000	-33.2%	46,458	-30.7%	1.41%	-26.8%
EMC	Sell	E M C CORP MASS	$3,591,000	-10.4%	148,621	-2.1%	1.38%	-1.8%
C	Sell	CITIGROUP INC	$3,526,000	-12.2%	71,079	-2.2%	1.36%	-3.8%
ORCL	Sell	ORACLE CORP	$3,499,000	-12.7%	96,859	-2.7%	1.35%	-4.3%
UNP	Sell	UNION PAC CORP	$3,474,000	-8.3%	39,298	-1.0%	1.34%	+0.5%
WDC	Sell	WESTERN DIGITAL CORP	$3,428,000	-1.5%	43,148	-2.7%	1.32%	+8.0%
RLJ	Sell	RLJ LODGING TR	$3,378,000	-16.3%	133,678	-1.3%	1.30%	-8.2%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$3,376,000	-24.7%	41,697	-17.3%	1.30%	-17.5%
PII	Sell	POLARIS INDS INC	$3,363,000	-37.5%	28,057	-22.8%	1.30%	-31.6%
BLK	New	BLACKROCK INC	$3,336,000	–	11,213	–	1.29%	–
BAC	Sell	BANK AMER CORP	$3,033,000	-9.9%	194,650	-1.6%	1.17%	-1.3%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDGS	$2,941,000	+2.0%	51,331	-0.2%	1.13%	+11.7%
T	Buy	AT&T INC	$2,923,000	-7.6%	89,710	+0.7%	1.13%	+1.2%
URI	Buy	UNITED RENTALS INC	$2,852,000	+16.0%	47,494	+69.3%	1.10%	+27.2%
LUV	Sell	SOUTHWEST AIRLS CO	$2,800,000	+13.7%	73,600	-1.1%	1.08%	+24.7%
PWR	Buy	QUANTA SVCS INC	$2,717,000	-2.0%	112,229	+16.6%	1.05%	+7.4%
FFIV	Sell	F5 NETWORKS INC	$2,510,000	-5.9%	21,676	-2.2%	0.97%	+3.1%
CYH	Sell	COMMUNITY HEALTH SYS INC NEW	$2,362,000	-36.1%	55,227	-5.9%	0.91%	-29.9%
FSLR	Sell	FIRST SOLAR INC	$2,265,000	-9.1%	52,991	-0.1%	0.87%	-0.3%
MYL	New	MYLAN N V	$2,248,000	–	55,849	–	0.87%	–
MO	Sell	ALTRIA GROUP INC	$2,233,000	+11.0%	41,047	-0.2%	0.86%	+21.6%
HPT	Buy	HOSPITALITY PPTYS TR	$2,179,000	+4.2%	85,168	+17.3%	0.84%	+14.1%
WELL	New	WELLTOWER INC	$2,088,000	–	30,835	–	0.80%	–
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$2,064,000	+3.5%	20,909	+1.6%	0.80%	+13.4%
MSFT	New	MICROSOFT CORP	$2,061,000	–	46,564	–	0.80%	–
EMR	Buy	EMERSON ELEC CO	$2,004,000	-19.6%	45,367	+0.8%	0.77%	-12.0%
DAKT	Buy	DAKTRONICS INC	$1,988,000	-23.5%	229,253	+4.7%	0.77%	-16.1%
UFS	New	DOMTAR CORP	$1,954,000	–	54,646	–	0.75%	–
DLR	Buy	DIGITAL RLTY TR INC	$1,955,000	+9.4%	29,929	+11.7%	0.75%	+19.9%
THO	Sell	THOR INDS INC	$1,936,000	-12.4%	37,379	-4.9%	0.75%	-4.0%
TKR	New	TIMKEN CO	$1,845,000	–	67,133	–	0.71%	–
LMT	Sell	LOCKHEED MARTIN CORP	$1,700,000	-28.5%	8,202	-35.9%	0.66%	-21.6%
SCS	Sell	STEELCASE INCcl a	$1,679,000	-6.6%	91,207	-4.1%	0.65%	+2.4%
BP	Sell	BP PLCsponsored adr	$1,654,000	-25.5%	54,122	-2.6%	0.64%	-18.4%
CHKLQ	Sell	CHESAPEAKE ENERGY CORPpfd conv	$1,647,000	-24.1%	28,159	-3.8%	0.64%	-16.9%
SWFT	Sell	SWIFT TRANSN COcl a	$1,593,000	-33.9%	106,072	-0.3%	0.61%	-27.6%
CVX	Sell	CHEVRON CORP NEW	$1,494,000	-20.6%	18,936	-3.0%	0.58%	-13.0%
SSINQ	Buy	STAGE STORES INC	$1,364,000	-22.7%	138,627	+37.7%	0.53%	-15.3%
GWW	Sell	GRAINGER W W INC	$1,317,000	-12.4%	6,126	-3.6%	0.51%	-4.0%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$895,000	+7.6%	10,476	+7.4%	0.34%	+17.7%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$501,000	+3.1%	2,613	+10.6%	0.19%	+12.9%
LQD	Buy	ISHARES TRiboxx inv cp etf	$373,000	+15.5%	3,216	+15.1%	0.14%	+26.3%
COBZ	Sell	COBIZ FINANCIAL INC	$352,000	-6.4%	27,064	-6.0%	0.14%	+3.0%
LKFN	Sell	LAKELAND FINL CORP	$349,000	-0.9%	7,725	-4.7%	0.14%	+8.9%
SYNA	Buy	SYNAPTICS INC	$341,000	+14.8%	4,130	+20.8%	0.13%	+25.7%
EXAC	Buy	EXACTECH INC	$317,000	+10.5%	18,202	+32.0%	0.12%	+20.8%
ENS	Buy	ENERSYS	$305,000	-23.8%	5,689	+0.1%	0.12%	-16.3%
WIBC	Sell	WILSHIRE BANCORP INC	$304,000	-21.4%	28,927	-5.6%	0.12%	-14.0%
HFWA	Sell	HERITAGE FINL CORP WASH	$289,000	-1.4%	15,379	-6.2%	0.11%	+7.8%
AMSF	Sell	AMERISAFE INC	$278,000	-1.4%	5,591	-6.7%	0.11%	+8.1%
SMCI	Buy	SUPER MICRO COMPUTER INC	$275,000	+4.2%	10,099	+13.0%	0.11%	+14.0%
CAB	New	CABELAS INC	$271,000	–	5,950	–	0.10%	–
FBIZ	Buy	FIRST BUS FINL SVCS INC WIS	$266,000	-6.0%	11,304	+87.2%	0.10%	+3.0%
SCI	Sell	SERVICE CORP INTL	$263,000	-14.6%	9,708	-7.2%	0.10%	-6.5%
KELYA	Sell	KELLY SVCS INCcl a	$262,000	-20.4%	18,526	-13.4%	0.10%	-12.9%
VSH	Buy	VISHAY INTERTECHNOLOGY INC	$263,000	-2.6%	27,135	+17.4%	0.10%	+6.3%
RSTI	Sell	ROFIN SINAR TECHNOLOGIES INC	$256,000	-12.3%	9,879	-6.6%	0.10%	-3.9%
CUBI	New	CUSTOMERS BANCORP INC	$252,000	–	9,806	–	0.10%	–
GE	Sell	GENERAL ELECTRIC CO	$252,000	-95.2%	10,000	-95.0%	0.10%	-94.8%
IIVI	Sell	II VI INC	$250,000	-18.8%	15,568	-4.0%	0.10%	-11.1%
MENT	Sell	MENTOR GRAPHICS CORP	$248,000	-37.7%	10,067	-33.1%	0.10%	-31.4%
THRM	Sell	GENTHERM INC	$247,000	-19.3%	5,509	-1.2%	0.10%	-12.0%
XOM	Sell	EXXON MOBIL CORP	$239,000	-25.8%	3,210	-17.1%	0.09%	-18.6%
MTRX	Sell	MATRIX SVC CO	$239,000	-11.2%	10,629	-27.8%	0.09%	-3.2%
SCSC	Sell	SCANSOURCE INC	$237,000	-14.4%	6,692	-8.1%	0.09%	-6.2%
PRAA	Buy	PRA GROUP INC	$234,000	-3.7%	4,428	+13.4%	0.09%	+4.7%
CYNO	Sell	CYNOSURE INCcl a	$227,000	-40.6%	7,568	-23.6%	0.09%	-34.3%
MEI	Sell	METHODE ELECTRS INC	$225,000	+8.7%	7,052	-6.3%	0.09%	+19.2%
COHR	Sell	COHERENT INC	$225,000	-19.9%	4,119	-6.8%	0.09%	-12.1%
PLAB	Sell	PHOTRONICS INC	$221,000	-7.1%	24,432	-2.3%	0.08%	+1.2%
LCI	Sell	LANNET INC	$216,000	-33.9%	5,213	-5.2%	0.08%	-27.8%
AIT	Sell	APPLIED INDL TECHNOLOGIES IN	$216,000	-89.4%	5,654	-89.0%	0.08%	-88.4%
SYKE	Sell	SYKES ENTERPRISES INC	$207,000	-40.3%	8,134	-43.1%	0.08%	-34.4%
ECPG	Sell	ENCORE CAP GROUP INC	$204,000	-16.0%	5,507	-3.0%	0.08%	-8.1%
LNDC	Sell	LANDEC CORP	$205,000	-23.8%	17,552	-6.0%	0.08%	-16.8%
BOOM	Buy	DYNAMIC MATLS CORP	$158,000	+8.2%	16,613	+25.5%	0.06%	+19.6%
MOD	Sell	MODINE MFG CO	$141,000	-31.6%	17,912	-6.8%	0.05%	-25.0%
HAYN	Exit	HAYNES INTERNATIONAL INC	$0	–	-4,350	–	-0.08%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-3,723	–	-0.08%	–
WGO	Exit	WINNEBAGO INDS INC	$0	–	-9,822	–	-0.08%	–
CBT	Exit	CABOT CORP	$0	–	-6,886	–	-0.09%	–
EMO	Exit	CLEARBRIDGE ENERGY MLP OPP F	$0	–	-14,000	–	-0.09%	–
FFIC	Exit	FLUSHING FINL CORP	$0	–	-13,304	–	-0.10%	–
FRME	Exit	FIRST MERCHANTS CORP	$0	–	-13,424	–	-0.12%	–
SYK	Exit	STRYKER CORP	$0	–	-14,294	–	-0.48%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-26,564	–	-0.61%	–
TDC	Exit	TERADATA CORP DEL	$0	–	-47,287	–	-0.62%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-11,151	–	-0.78%	–
CBRL	Exit	CRACKER BARREL OLD CTRY STOR	$0	–	-15,516	–	-0.81%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-14,246	–	-0.96%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-53,532	–	-1.03%	–
AZO	Exit	AUTOZONE INC	$0	–	-4,587	–	-1.08%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-40,764	–	-1.51%	–
PAG	Exit	PENSKE AUTOMOTIVE GRP INC	$0	–	-83,659	–	-1.53%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-71,934	–	-2.23%	–

Q2 2015

			Value		Shares		↓ Weighting
ABBV	New	ABBVIE INC	$8,268,000	–	123,055	–	2.91%	–
PRU	New	PRUDENTIAL FINL INC	$8,047,000	–	91,949	–	2.83%	–
JPM	New	JPMORGAN CHASE & CO	$7,831,000	–	115,575	–	2.76%	–
QCOM	New	QUALCOMM INC	$7,678,000	–	122,588	–	2.70%	–
F	New	FORD MTR CO DEL	$7,402,000	–	493,140	–	2.60%	–
ETN	New	EATON CORP PLC	$7,288,000	–	107,982	–	2.56%	–
VZ	New	VERIZON COMMUNICATIONS INC	$7,277,000	–	156,130	–	2.56%	–
STLD	New	STEEL DYNAMICS INC	$6,679,000	–	322,425	–	2.35%	–
COF	New	CAPITAL ONE FINL CORP	$6,328,000	–	71,934	–	2.23%	–
CVS	New	CVS HEALTH CORP	$6,158,000	–	58,711	–	2.17%	–
TGT	New	TARGET CORP	$5,474,000	–	67,060	–	1.93%	–
PII	New	POLARIS INDS INC	$5,384,000	–	36,354	–	1.90%	–
GE	New	GENERAL ELECTRIC CO	$5,293,000	–	199,204	–	1.86%	–
UMPQ	New	UMPQUA HLDGS CORP	$5,246,000	–	291,603	–	1.85%	–
CBS	New	CBS CORP NEWcl b	$4,829,000	–	87,016	–	1.70%	–
FDX	New	FEDEX CORP	$4,828,000	–	28,333	–	1.70%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,670,000	–	38,281	–	1.64%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$4,483,000	–	50,401	–	1.58%	–
TRN	New	TRINITY INDS INC	$4,454,000	–	168,534	–	1.57%	–
JNJ	New	JOHNSON & JOHNSON	$4,408,000	–	45,231	–	1.55%	–
TSN	New	TYSON FOODS INCcl a	$4,374,000	–	102,604	–	1.54%	–
PAG	New	PENSKE AUTOMOTIVE GRP INC	$4,359,000	–	83,659	–	1.53%	–
TEL	New	TE CONNECTIVITY LTD	$4,330,000	–	67,333	–	1.52%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,290,000	–	40,764	–	1.51%	–
JBL	New	JABIL CIRCUIT INC	$4,197,000	–	197,157	–	1.48%	–
RLJ	New	RLJ LODGING TR	$4,035,000	–	135,484	–	1.42%	–
C	New	CITIGROUP INC	$4,015,000	–	72,691	–	1.41%	–
ORCL	New	ORACLE CORP	$4,010,000	–	99,496	–	1.41%	–
EMC	New	E M C CORP MASS	$4,007,000	–	151,831	–	1.41%	–
PFF	New	ISHARESu.s. pfd stk etf	$3,868,000	–	98,742	–	1.36%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$3,838,000	–	99,858	–	1.35%	–
UNP	New	UNION PAC CORP	$3,787,000	–	39,705	–	1.33%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$3,695,000	–	58,682	–	1.30%	–
R	New	RYDER SYS INC	$3,661,000	–	41,902	–	1.29%	–
WDC	New	WESTERN DIGITAL CORP	$3,479,000	–	44,359	–	1.22%	–
WHR	New	WHIRLPOOL CORP	$3,390,000	–	19,591	–	1.19%	–
BAC	New	BANK AMER CORP	$3,366,000	–	197,770	–	1.18%	–
T	New	AT&T INC	$3,165,000	–	89,113	–	1.11%	–
AZO	New	AUTOZONE INC	$3,059,000	–	4,587	–	1.08%	–
BEAV	New	B/E AEROSPACE INC	$2,939,000	–	53,532	–	1.03%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$2,884,000	–	51,457	–	1.02%	–
PG	New	PROCTER & GAMBLE CO	$2,800,000	–	35,784	–	0.98%	–
PWR	New	QUANTA SVCS INC	$2,773,000	–	96,214	–	0.98%	–
MHK	New	MOHAWK INDS INC	$2,720,000	–	14,246	–	0.96%	–
FFIV	New	F5 NETWORKS INC	$2,668,000	–	22,172	–	0.94%	–
DAKT	New	DAKTRONICS INC	$2,597,000	–	218,982	–	0.91%	–
GM	New	GENERAL MTRS CO	$2,590,000	–	77,702	–	0.91%	–
EMR	New	EMERSON ELEC CO	$2,494,000	–	44,992	–	0.88%	–
FSLR	New	FIRST SOLAR INC	$2,491,000	–	53,031	–	0.88%	–
LUV	New	SOUTHWEST AIRLS CO	$2,462,000	–	74,394	–	0.87%	–
URI	New	UNITED RENTALS INC	$2,458,000	–	28,051	–	0.86%	–
IP	New	INTL PAPER CO	$2,436,000	–	51,184	–	0.86%	–
SWFT	New	SWIFT TRANSN COcl a	$2,411,000	–	106,369	–	0.85%	–
LMT	New	LOCKHEED MARTIN CORP	$2,378,000	–	12,793	–	0.84%	–
CBRL	New	CRACKER BARREL OLD CTRY STOR	$2,314,000	–	15,516	–	0.81%	–
OII	New	OCEANEERING INTL INC	$2,285,000	–	49,054	–	0.80%	–
PCP	New	PRECISION CASTPARTS CORP	$2,229,000	–	11,151	–	0.78%	–
BP	New	BP PLCsponsored adr	$2,221,000	–	55,586	–	0.78%	–
THO	New	THOR INDS INC	$2,211,000	–	39,292	–	0.78%	–
CHKLQ	New	CHESAPEAKE ENERGY CORPpfd conv	$2,171,000	–	29,262	–	0.76%	–
HPT	New	HOSPITALITY PPTYS TR	$2,092,000	–	72,605	–	0.74%	–
AIT	New	APPLIED INDL TECHNOLOGIES IN	$2,035,000	–	51,334	–	0.72%	–
MO	New	ALTRIA GROUP INC	$2,011,000	–	41,112	–	0.71%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$1,994,000	–	20,573	–	0.70%	–
CVX	New	CHEVRON CORP NEW	$1,882,000	–	19,512	–	0.66%	–
SCS	New	STEELCASE INCcl a	$1,798,000	–	95,084	–	0.63%	–
DLR	New	DIGITAL RLTY TR INC	$1,787,000	–	26,802	–	0.63%	–
SSINQ	New	STAGE STORES INC	$1,765,000	–	100,661	–	0.62%	–
TDC	New	TERADATA CORP DEL	$1,750,000	–	47,287	–	0.62%	–
HCN	New	HEALTH CARE REIT INC	$1,743,000	–	26,564	–	0.61%	–
BA	New	BOEING CO	$1,537,000	–	11,079	–	0.54%	–
GWW	New	GRAINGER W W INC	$1,504,000	–	6,354	–	0.53%	–
SYK	New	STRYKER CORP	$1,366,000	–	14,294	–	0.48%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$832,000	–	9,755	–	0.29%	–
CATY	New	CATHAY GEN BANCORP	$786,000	–	24,210	–	0.28%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$486,000	–	2,363	–	0.17%	–
ENS	New	ENERSYS	$400,000	–	5,684	–	0.14%	–
MENT	New	MENTOR GRAPHICS CORP	$398,000	–	15,059	–	0.14%	–
WIBC	New	WILSHIRE BANCORP INC	$387,000	–	30,645	–	0.14%	–
CYNO	New	CYNOSURE INCcl a	$382,000	–	9,905	–	0.13%	–
COBZ	New	COBIZ FINANCIAL INC	$376,000	–	28,779	–	0.13%	–
LKFN	New	LAKELAND FINL CORP	$352,000	–	8,107	–	0.12%	–
SYKE	New	SYKES ENTERPRISES INC	$347,000	–	14,290	–	0.12%	–
FRME	New	FIRST MERCHANTS CORP	$332,000	–	13,424	–	0.12%	–
KELYA	New	KELLY SVCS INCcl a	$329,000	–	21,402	–	0.12%	–
LCI	New	LANNET INC	$327,000	–	5,501	–	0.12%	–
LQD	New	ISHARES TRiboxx inv cp etf	$323,000	–	2,794	–	0.11%	–
XOM	New	EXXON MOBIL CORP	$322,000	–	3,870	–	0.11%	–
IIVI	New	II VI INC	$308,000	–	16,209	–	0.11%	–
SCI	New	SERVICE CORP INTL	$308,000	–	10,460	–	0.11%	–
THRM	New	GENTHERM INC	$306,000	–	5,576	–	0.11%	–
SYNA	New	SYNAPTICS INC	$297,000	–	3,419	–	0.10%	–
RSTI	New	ROFIN SINAR TECHNOLOGIES INC	$292,000	–	10,574	–	0.10%	–
HFWA	New	HERITAGE FINL CORP WASH	$293,000	–	16,403	–	0.10%	–
EXAC	New	EXACTECH INC	$287,000	–	13,788	–	0.10%	–
FBIZ	New	FIRST BUS FINL SVCS INC WIS	$283,000	–	6,037	–	0.10%	–
COHR	New	COHERENT INC	$281,000	–	4,421	–	0.10%	–
AMSF	New	AMERISAFE INC	$282,000	–	5,991	–	0.10%	–
FFIC	New	FLUSHING FINL CORP	$280,000	–	13,304	–	0.10%	–
SCSC	New	SCANSOURCE INC	$277,000	–	7,281	–	0.10%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$270,000	–	23,108	–	0.10%	–
LNDC	New	LANDEC CORP	$269,000	–	18,676	–	0.10%	–
MTRX	New	MATRIX SVC CO	$269,000	–	14,717	–	0.10%	–
SMCI	New	SUPER MICRO COMPUTER INC	$264,000	–	8,936	–	0.09%	–
EMO	New	CLEARBRIDGE ENERGY MLP OPP F	$262,000	–	14,000	–	0.09%	–
CBT	New	CABOT CORP	$257,000	–	6,886	–	0.09%	–
ECPG	New	ENCORE CAP GROUP INC	$243,000	–	5,675	–	0.09%	–
PRAA	New	PRA GROUP INC	$243,000	–	3,904	–	0.09%	–
PLAB	New	PHOTRONICS INC	$238,000	–	25,005	–	0.08%	–
WGO	New	WINNEBAGO INDS INC	$232,000	–	9,822	–	0.08%	–
NFG	New	NATIONAL FUEL GAS CO N J	$219,000	–	3,723	–	0.08%	–
HAYN	New	HAYNES INTERNATIONAL INC	$215,000	–	4,350	–	0.08%	–
MEI	New	METHODE ELECTRS INC	$207,000	–	7,525	–	0.07%	–
MOD	New	MODINE MFG CO	$206,000	–	19,210	–	0.07%	–
BOOM	New	DYNAMIC MATLS CORP	$146,000	–	13,241	–	0.05%	–

Q4 2014

			Value		Shares		↓ Weighting
NOG	Exit	NORTHERN OIL & GAS INC NEV	$0	–	-14,245	–	-0.08%	–
VOXX	Exit	VOXX INTL CORPcl a	$0	–	-21,655	–	-0.08%	–
DESTQ	Exit	DESTINATION MATERNITY CORP	$0	–	-13,235	–	-0.08%	–
WGO	Exit	WINNEBAGO INDS INC	$0	–	-11,145	–	-0.09%	–
FFIC	Exit	FLUSHING FINL CORP	$0	–	-13,735	–	-0.10%	–
LNDC	Exit	LANDEC CORP	$0	–	-20,495	–	-0.10%	–
RSTI	Exit	ROFIN SINAR TECHNOLOGIES INC	$0	–	-11,635	–	-0.10%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-3,840	–	-0.10%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-14,735	–	-0.10%	–
DAR	Exit	DARLING INGREDIENTS INC	$0	–	-14,880	–	-0.10%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-3,875	–	-0.11%	–
LKFN	Exit	LAKELAND FINL CORP	$0	–	-7,875	–	-0.11%	–
EXAC	Exit	EXACTECH INC	$0	–	-13,100	–	-0.11%	–
MATX	Exit	MATSON INC	$0	–	-12,035	–	-0.12%	–
VSH	Exit	VISHAY INTERTECHNOLOGY INC	$0	–	-21,195	–	-0.12%	–
FRME	Exit	FIRST MERCHANTS CORP	$0	–	-15,045	–	-0.12%	–
SHOO	Exit	MADDEN STEVEN LTD	$0	–	-9,635	–	-0.12%	–
IIVI	Exit	II VI INC	$0	–	-26,575	–	-0.12%	–
SYKE	Exit	SYKES ENTERPRISES INC	$0	–	-15,695	–	-0.12%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-2,675	–	-0.12%	–
ISSI	Exit	INTEGRATED SILICON SOLUTION	$0	–	-23,055	–	-0.12%	–
RTEC	Exit	RUDOLPH TECHNOLOGIES INC	$0	–	-35,510	–	-0.12%	–
COLB	Exit	COLUMBIA BKG SYS INC	$0	–	-13,560	–	-0.13%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-3,586	–	-0.13%	–
EMO	Exit	CLEARBRIDGE ENERGY MLP OPP F	$0	–	-14,000	–	-0.13%	–
RRGB	Exit	RED ROBIN GOURMET BURGERS IN	$0	–	-5,995	–	-0.13%	–
RTI	Exit	RTI INTL METALS INC	$0	–	-13,785	–	-0.13%	–
CYNO	Exit	CYNOSURE INCcl a	$0	–	-16,440	–	-0.13%	–
MTRX	Exit	MATRIX SVC CO	$0	–	-14,455	–	-0.13%	–
COBZ	Exit	COBIZ FINANCIAL INC	$0	–	-31,155	–	-0.13%	–
KELYA	Exit	KELLY SVCS INCcl a	$0	–	-22,595	–	-0.14%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-17,685	–	-0.14%	–
CBT	Exit	CABOT CORP	$0	–	-7,310	–	-0.14%	–
ENS	Exit	ENERSYS	$0	–	-6,520	–	-0.15%	–
COHR	Exit	COHERENT INC	$0	–	-6,430	–	-0.15%	–
CAB	Exit	CABELAS INC	$0	–	-6,890	–	-0.16%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,330	–	-0.16%	–
PRAA	Exit	PORTFOLIO RECOVERY ASSOCS IN	$0	–	-7,850	–	-0.16%	–
ECPG	Exit	ENCORE CAP GROUP INC	$0	–	-9,285	–	-0.16%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-25,500	–	-0.16%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,169	–	-0.16%	–
WIBC	Exit	WILSHIRE BANCORP INC	$0	–	-50,485	–	-0.18%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-26,470	–	-0.21%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-8,235	–	-0.27%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-32,500	–	-0.31%	–
HAR	Exit	HARMAN INTL INDS INC	$0	–	-11,798	–	-0.44%	–
SYK	Exit	STRYKER CORP	$0	–	-15,226	–	-0.47%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-23,215	–	-0.55%	–
CCG	Exit	CAMPUS CREST CMNTYS INC	$0	–	-231,570	–	-0.56%	–
GWW	Exit	GRAINGER W W INC	$0	–	-6,325	–	-0.61%	–
JBL	Exit	JABIL CIRCUIT INC	$0	–	-79,343	–	-0.61%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-25,815	–	-0.61%	–
SPLS	Exit	STAPLES INC	$0	–	-135,290	–	-0.62%	–
FNFG	Exit	FIRST NIAGARA FINL GP INC	$0	–	-222,065	–	-0.71%	–
BA	Exit	BOEING CO	$0	–	-14,945	–	-0.73%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-73,505	–	-0.75%	–
CA	Exit	CA INC	$0	–	-70,725	–	-0.75%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-23,069	–	-0.76%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-10,656	–	-0.77%	–
THO	Exit	THOR INDS INC	$0	–	-40,027	–	-0.79%	–
IP	Exit	INTL PAPER CO	$0	–	-43,430	–	-0.79%	–
GM	Exit	GENERAL MTRS CO	$0	–	-65,120	–	-0.79%	–
TDC	Exit	TERADATA CORP DEL	$0	–	-50,035	–	-0.80%	–
J	Exit	JACOBS ENGR GROUP INC DEL	$0	–	-43,080	–	-0.80%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-15,705	–	-0.81%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-11,632	–	-0.81%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-67,036	–	-0.82%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-38,570	–	-0.83%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-18,250	–	-0.83%	–
CTRX	Exit	CATAMARAN CORP	$0	–	-52,660	–	-0.85%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-29,962	–	-0.88%	–
ESV	Exit	ENSCO PLC	$0	–	-56,801	–	-0.90%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-36,285	–	-0.90%	–
CBRL	Exit	CRACKER BARREL OLD CTRY STOR	$0	–	-23,550	–	-0.93%	–
CHKLQ	Exit	CHESAPEAKE ENERGY CORPpfd conv	$0	–	-25,518	–	-0.93%	–
CSCO	Exit	CISCO SYS INC	$0	–	-98,315	–	-0.94%	–
ABBV	Exit	ABBVIE INC	$0	–	-42,930	–	-0.95%	–
BP	Exit	BP PLCsponsored adr	$0	–	-56,525	–	-0.95%	–
UMPQ	Exit	UMPQUA HLDGS CORP	$0	–	-151,045	–	-0.95%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-29,975	–	-0.96%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-30,201	–	-0.97%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-74,980	–	-1.03%	–
T	Exit	AT&T INC	$0	–	-76,644	–	-1.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-59,795	–	-1.05%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-108,580	–	-1.06%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-69,639	–	-1.07%	–
NEBLQ	Exit	NOBLE CORP PLC	$0	–	-127,324	–	-1.08%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,815	–	-1.09%	–
MYL	Exit	MYLAN INC	$0	–	-66,585	–	-1.16%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-41,990	–	-1.20%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-97,451	–	-1.21%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-57,205	–	-1.27%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-61,235	–	-1.28%	–
ORCL	Exit	ORACLE CORP	$0	–	-89,440	–	-1.31%	–
GLW	Exit	CORNING INC	$0	–	-182,817	–	-1.35%	–
9207PS	Exit	ROCK-TENN COcl a	$0	–	-75,137	–	-1.36%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-25,326	–	-1.41%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-101,870	–	-1.41%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-43,264	–	-1.46%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-72,615	–	-1.48%	–
EMC	Exit	E M C CORP MASS	$0	–	-133,078	–	-1.48%	–
C	Exit	CITIGROUP INC	$0	–	-76,076	–	-1.50%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-58,230	–	-1.57%	–
AZO	Exit	AUTOZONE INC	$0	–	-8,166	–	-1.59%	–
TGT	Exit	TARGET CORP	$0	–	-68,229	–	-1.63%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-117,090	–	-1.68%	–
PII	Exit	POLARIS INDS INC	$0	–	-30,179	–	-1.72%	–
FDX	Exit	FEDEX CORP	$0	–	-29,238	–	-1.80%	–
WAG	Exit	WALGREEN CO	$0	–	-82,366	–	-1.86%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-56,633	–	-1.90%	–
AMGN	Exit	AMGEN INC	$0	–	-36,228	–	-1.94%	–
ETN	Exit	EATON CORP PLC	$0	–	-88,419	–	-2.14%	–
QCOM	Exit	QUALCOMM INC	$0	–	-76,060	–	-2.17%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-80,787	–	-2.52%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-85,176	–	-2.59%	–
F	Exit	FORD MTR CO DEL	$0	–	-477,663	–	-2.70%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-119,569	–	-2.75%	–
R	Exit	RYDER SYS INC	$0	–	-81,851	–	-2.81%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-147,739	–	-2.82%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-272,113	–	-3.43%	–

Q3 2014

			Value		Shares		↓ Weighting
CAG	Sell	CONAGRA FOODS INC	$8,991,000	+11.2%	272,113	-0.1%	3.43%	+14.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$7,385,000	+3.4%	147,739	+1.3%	2.82%	+6.8%
R	Sell	RYDER SYS INC	$7,364,000	-0.9%	81,851	-2.9%	2.81%	+2.4%
JPM	Buy	JPMORGAN CHASE & CO	$7,203,000	+7.2%	119,569	+2.5%	2.75%	+10.7%
F	Buy	FORD MTR CO DEL	$7,065,000	-13.5%	477,663	+0.8%	2.70%	-10.6%
CVS	Sell	CVS HEALTH CORP	$6,779,000	+3.3%	85,176	-2.2%	2.59%	+6.7%
COF	Sell	CAPITAL ONE FINL CORP	$6,594,000	-3.2%	80,787	-2.1%	2.52%	-0.1%
QCOM	Sell	QUALCOMM INC	$5,687,000	-6.0%	76,060	-0.5%	2.17%	-3.0%
ETN	Buy	EATON CORP PLC	$5,603,000	+29.0%	88,419	+57.2%	2.14%	+33.2%
AMGN	Sell	AMGEN INC	$5,089,000	+16.3%	36,228	-2.0%	1.94%	+20.1%
PRU	Sell	PRUDENTIAL FINL INC	$4,980,000	-2.8%	56,633	-1.8%	1.90%	+0.4%
WAG	Sell	WALGREEN CO	$4,882,000	-20.3%	82,366	-0.3%	1.86%	-17.6%
FDX	Sell	FEDEX CORP	$4,720,000	+4.7%	29,238	-1.8%	1.80%	+8.1%
PII	Sell	POLARIS INDS INC	$4,521,000	+13.8%	30,179	-1.1%	1.72%	+17.5%
MRO	Sell	MARATHON OIL CORP	$4,401,000	-7.7%	117,090	-2.0%	1.68%	-4.7%
TGT	Buy	TARGET CORP	$4,277,000	+13.0%	68,229	+4.5%	1.63%	+16.7%
AZO	Sell	AUTOZONE INC	$4,162,000	-6.5%	8,166	-1.6%	1.59%	-3.4%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$4,113,000	-0.2%	58,230	-2.0%	1.57%	+3.1%
C	Sell	CITIGROUP INC	$3,942,000	+8.4%	76,076	-1.5%	1.50%	+11.9%
EMC	Sell	E M C CORP MASS	$3,894,000	-31.1%	133,078	-38.0%	1.48%	-28.9%
CBS	New	CBS CORP NEWcl b	$3,885,000	–	72,615	–	1.48%	–
SWK	Sell	STANLEY BLACK & DECKER INC	$3,841,000	-0.2%	43,264	-1.2%	1.46%	+3.1%
PWR	Sell	QUANTA SVCS INC	$3,697,000	+3.1%	101,870	-1.8%	1.41%	+6.5%
WHR	Sell	WHIRLPOOL CORP	$3,689,000	+4.1%	25,326	-0.5%	1.41%	+7.5%
9207PS	Buy	ROCK-TENN COcl a	$3,575,000	-10.7%	75,137	+98.2%	1.36%	-7.7%
GLW	Sell	CORNING INC	$3,536,000	-12.4%	182,817	-0.6%	1.35%	-9.5%
ORCL	Sell	ORACLE CORP	$3,424,000	-6.8%	89,440	-1.3%	1.31%	-3.8%
CYH	Sell	COMMUNITY HEALTH SYS INC NEW	$3,355,000	+18.1%	61,235	-2.2%	1.28%	+22.0%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$3,321,000	-29.0%	57,205	-42.6%	1.27%	-26.6%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$3,182,000	-8.8%	97,451	+1.9%	1.21%	-5.8%
LRCX	Sell	LAM RESEARCH CORP	$3,137,000	+9.3%	41,990	-1.2%	1.20%	+12.9%
MYL	New	MYLAN INC	$3,029,000	–	66,585	–	1.16%	–
JNJ	Buy	JOHNSON & JOHNSON	$2,858,000	+7.5%	26,815	+5.5%	1.09%	+11.0%
NEBLQ	Sell	NOBLE CORP PLC	$2,829,000	-34.5%	127,324	-1.1%	1.08%	-32.4%
JNK	Buy	SPDR SERIES TRUSTbrc hgh yld bd	$2,798,000	-3.7%	69,639	+0.0%	1.07%	-0.6%
GE	Buy	GENERAL ELECTRIC CO	$2,782,000	+4.6%	108,580	+7.3%	1.06%	+8.0%
MO	Buy	ALTRIA GROUP INC	$2,747,000	+12.4%	59,795	+2.6%	1.05%	+16.1%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDGS	$2,701,000	+12.0%	74,980	-1.4%	1.03%	+15.6%
T	Buy	AT&T INC	$2,701,000	+6.0%	76,644	+6.3%	1.03%	+9.5%
BEAV	New	B/E AEROSPACE INC	$2,535,000	–	30,201	–	0.97%	–
PG	Buy	PROCTER & GAMBLE CO	$2,510,000	+14.1%	29,975	+7.1%	0.96%	+17.9%
UMPQ	Buy	UMPQUA HLDGS CORP	$2,488,000	-2.2%	151,045	+6.4%	0.95%	+1.0%
BP	Buy	BP PLCsponsored adr	$2,484,000	-8.4%	56,525	+9.9%	0.95%	-5.5%
ABBV	Buy	ABBVIE INC	$2,480,000	+8.6%	42,930	+6.1%	0.95%	+12.1%
CSCO	Buy	CISCO SYS INC	$2,475,000	+7.7%	98,315	+6.4%	0.94%	+11.3%
CHKLQ	Buy	CHESAPEAKE ENERGY CORPpfd conv	$2,449,000	+4.6%	25,518	+6.3%	0.93%	+8.0%
CBRL	Buy	CRACKER BARREL OLD CTRY STOR	$2,430,000	+11.1%	23,550	+7.2%	0.93%	+14.7%
OII	New	OCEANEERING INTL INC	$2,365,000	–	36,285	–	0.90%	–
ESV	Buy	ENSCO PLC	$2,346,000	-23.2%	56,801	+3.4%	0.90%	-20.7%
COP	Buy	CONOCOPHILLIPS	$2,293,000	-0.8%	29,962	+11.1%	0.88%	+2.5%
CTRX	Sell	CATAMARAN CORP	$2,220,000	-5.8%	52,660	-1.3%	0.85%	-2.6%
CVX	Buy	CHEVRON CORP NEW	$2,178,000	-0.3%	18,250	+9.0%	0.83%	+3.0%
KRFT	Buy	KRAFT FOODS GROUP INC	$2,175,000	+1.4%	38,570	+7.8%	0.83%	+4.8%
RIG	Buy	TRANSOCEAN LTD	$2,143,000	-28.6%	67,036	+0.6%	0.82%	-26.3%
LMT	Buy	LOCKHEED MARTIN CORP	$2,126,000	+19.0%	11,632	+4.6%	0.81%	+22.9%
MHK	Sell	MOHAWK INDS INC	$2,117,000	-3.1%	15,705	-0.6%	0.81%	+0.1%
J	Sell	JACOBS ENGR GROUP INC DEL	$2,103,000	-9.7%	43,080	-1.4%	0.80%	-6.7%
TDC	Sell	TERADATA CORP DEL	$2,097,000	+2.7%	50,035	-1.5%	0.80%	+6.1%
GM	Buy	GENERAL MTRS CO	$2,080,000	-4.0%	65,120	+9.1%	0.79%	-0.9%
IP	Buy	INTL PAPER CO	$2,073,000	+2.4%	43,430	+8.3%	0.79%	+5.7%
THO	Buy	THOR INDS INC	$2,061,000	-7.2%	40,027	+2.6%	0.79%	-4.1%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$2,023,000	+3.0%	10,656	-1.7%	0.77%	+6.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,990,000	+5.9%	23,069	+0.4%	0.76%	+9.4%
CA	Buy	CA INC	$1,976,000	+2.1%	70,725	+5.0%	0.75%	+5.5%
HPT	Sell	HOSPITALITY PPTYS TR	$1,974,000	-22.4%	73,505	-12.2%	0.75%	-19.9%
BA	Buy	BOEING CO	$1,904,000	+7.3%	14,945	+7.1%	0.73%	+10.7%
FNFG	Buy	FIRST NIAGARA FINL GP INC	$1,850,000	+0.3%	222,065	+5.2%	0.71%	+3.7%
SPLS	Buy	STAPLES INC	$1,637,000	+28.1%	135,290	+14.7%	0.62%	+32.2%
HCN	Buy	HEALTH CARE REIT INC	$1,610,000	+12.6%	25,815	+13.1%	0.61%	+16.3%
JBL	Sell	JABIL CIRCUIT INC	$1,600,000	-4.6%	79,343	-1.1%	0.61%	-1.5%
GWW	New	GRAINGER W W INC	$1,592,000	–	6,325	–	0.61%	–
CCG	Buy	CAMPUS CREST CMNTYS INC	$1,482,000	-20.7%	231,570	+7.3%	0.56%	-18.1%
DLR	Sell	DIGITAL RLTY TR INC	$1,448,000	-37.0%	23,215	-41.1%	0.55%	-35.0%
SYK	New	STRYKER CORP	$1,229,000	–	15,226	–	0.47%	–
HAR	Sell	HARMAN INTL INDS INC	$1,157,000	-9.8%	11,798	-1.1%	0.44%	-6.8%
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$706,000	–	8,235	–	0.27%	–
SCI	Buy	SERVICE CORP INTL	$560,000	+5.7%	26,470	+3.4%	0.21%	+9.2%
WIBC	Buy	WILSHIRE BANCORP INC	$466,000	+50.3%	50,485	+67.3%	0.18%	+56.1%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$427,000	+19.3%	2,169	+18.6%	0.16%	+23.5%
SCS	Buy	STEELCASE INCcl a	$413,000	+8.1%	25,500	+1.0%	0.16%	+12.1%
ECPG	Sell	ENCORE CAP GROUP INC	$411,000	-2.8%	9,285	-0.4%	0.16%	+0.6%
PRAA	Buy	PORTFOLIO RECOVERY ASSOCS IN	$410,000	-10.3%	7,850	+2.3%	0.16%	-7.7%
CAB	New	CABELAS INC	$406,000	–	6,890	–	0.16%	–
COHR	New	COHERENT INC	$395,000	–	6,430	–	0.15%	–
ENS	New	ENERSYS	$382,000	–	6,520	–	0.15%	–
CBT	Buy	CABOT CORP	$371,000	+12.8%	7,310	+28.7%	0.14%	+16.4%
MENT	New	MENTOR GRAPHICS CORP	$362,000	–	17,685	–	0.14%	–
KELYA	Buy	KELLY SVCS INCcl a	$354,000	+22.9%	22,595	+34.5%	0.14%	+27.4%
MTRX	New	MATRIX SVC CO	$349,000	–	14,455	–	0.13%	–
RTI	Sell	RTI INTL METALS INC	$340,000	-8.1%	13,785	-1.0%	0.13%	-5.1%
RRGB	New	RED ROBIN GOURMET BURGERS IN	$341,000	–	5,995	–	0.13%	–
FOSL	New	FOSSIL GROUP INC	$337,000	–	3,586	–	0.13%	–
COLB	Sell	COLUMBIA BKG SYS INC	$336,000	-6.9%	13,560	-1.1%	0.13%	-3.8%
RTEC	Sell	RUDOLPH TECHNOLOGIES INC	$321,000	-9.8%	35,510	-1.4%	0.12%	-6.9%
ISSI	Buy	INTEGRATED SILICON SOLUTION	$317,000	-5.7%	23,055	+1.3%	0.12%	-2.4%
LQD	Sell	ISHARES TRiboxx inv cp etf	$316,000	-2.8%	2,675	-1.8%	0.12%	+0.8%
IIVI	Sell	II VI INC	$313,000	-18.9%	26,575	-0.4%	0.12%	-16.8%
SHOO	New	MADDEN STEVEN LTD	$311,000	–	9,635	–	0.12%	–
FRME	Sell	FIRST MERCHANTS CORP	$304,000	-5.3%	15,045	-1.0%	0.12%	-2.5%
EXAC	Sell	EXACTECH INC	$300,000	-9.6%	13,100	-0.4%	0.11%	-7.3%
LKFN	Sell	LAKELAND FINL CORP	$295,000	-3.0%	7,875	-1.0%	0.11%	+0.9%
SYNA	Sell	SYNAPTICS INC	$284,000	-20.7%	3,875	-1.8%	0.11%	-18.2%
DAR	Sell	DARLING INGREDIENTS INC	$273,000	-13.1%	14,880	-1.0%	0.10%	-10.3%
NFG	Sell	NATIONAL FUEL GAS CO N J	$269,000	-11.8%	3,840	-1.4%	0.10%	-8.8%
FLO	Sell	FLOWERS FOODS INC	$271,000	-13.7%	14,735	-1.1%	0.10%	-11.2%
RSTI	Sell	ROFIN SINAR TECHNOLOGIES INC	$268,000	-5.3%	11,635	-1.1%	0.10%	-2.9%
WGO	Buy	WINNEBAGO INDS INC	$243,000	-13.2%	11,145	+0.2%	0.09%	-9.7%
DESTQ	Sell	DESTINATION MATERNITY CORP	$204,000	-32.9%	13,235	-1.0%	0.08%	-30.4%
VOXX	Buy	VOXX INTL CORPcl a	$201,000	-1.0%	21,655	+0.5%	0.08%	+2.7%
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-7,160	–	-0.11%	–
SSINQ	Exit	STAGE STORES INC	$0	–	-15,540	–	-0.11%	–
ASNA	Exit	ASCENA RETAIL GROUP INC	$0	–	-18,185	–	-0.12%	–
FRAN	Exit	FRANCESCAS HLDGS CORP	$0	–	-22,125	–	-0.12%	–
BTU	Exit	PEABODY ENERGY CORP	$0	–	-77,463	–	-0.47%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-37,545	–	-0.81%	–
EBAY	Exit	EBAY INC	$0	–	-45,310	–	-0.84%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-43,425	–	-0.92%	–
TRW	Exit	TRW AUTOMOTIVE HLDGS CORP	$0	–	-32,210	–	-1.06%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-149,250	–	-1.48%	–
AAPL	Exit	APPLE INC	$0	–	-57,426	–	-1.97%	–

Q2 2014

			Value		Shares		↓ Weighting
F	New	FORD MTR CO DEL	$8,166,000	–	473,644	–	3.02%	–
CAG	New	CONAGRA FOODS INC	$8,086,000	–	272,445	–	2.99%	–
R	New	RYDER SYS INC	$7,429,000	–	84,335	–	2.74%	–
VZ	New	VERIZON COMMUNICATIONS INC	$7,139,000	–	145,900	–	2.64%	–
COF	New	CAPITAL ONE FINL CORP	$6,815,000	–	82,504	–	2.52%	–
JPM	New	JPMORGAN CHASE & CO	$6,721,000	–	116,650	–	2.48%	–
CVS	New	CVS CAREMARK CORPORATION	$6,561,000	–	87,048	–	2.42%	–
WAG	New	WALGREEN CO	$6,122,000	–	82,587	–	2.26%	–
QCOM	New	QUALCOMM INC	$6,053,000	–	76,424	–	2.24%	–
EMC	New	E M C CORP MASS	$5,655,000	–	214,700	–	2.09%	–
AAPL	New	APPLE INC	$5,337,000	–	57,426	–	1.97%	–
PRU	New	PRUDENTIAL FINL INC	$5,122,000	–	57,698	–	1.89%	–
MRO	New	MARATHON OIL CORP	$4,770,000	–	119,494	–	1.76%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$4,676,000	–	99,580	–	1.73%	–
FDX	New	FEDEX CORP	$4,508,000	–	29,780	–	1.66%	–
AZO	New	AUTOZONE INC	$4,451,000	–	8,300	–	1.64%	–
AMGN	New	AMGEN INC	$4,376,000	–	36,970	–	1.62%	–
ETN	New	EATON CORP PLC	$4,342,000	–	56,264	–	1.60%	–
NEBLQ	New	NOBLE CORP PLC	$4,322,000	–	128,773	–	1.60%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$4,120,000	–	59,430	–	1.52%	–
GLW	New	CORNING INC	$4,037,000	–	183,940	–	1.49%	–
LUV	New	SOUTHWEST AIRLS CO	$4,009,000	–	149,250	–	1.48%	–
9207PS	New	ROCK-TENN COcl a	$4,003,000	–	37,910	–	1.48%	–
PII	New	POLARIS INDS INC	$3,973,000	–	30,508	–	1.47%	–
SWK	New	STANLEY BLACK & DECKER INC	$3,847,000	–	43,800	–	1.42%	–
TGT	New	TARGET CORP	$3,785,000	–	65,318	–	1.40%	–
ORCL	New	ORACLE CORP	$3,673,000	–	90,615	–	1.36%	–
C	New	CITIGROUP INC	$3,638,000	–	77,245	–	1.34%	–
PWR	New	QUANTA SVCS INC	$3,586,000	–	103,705	–	1.32%	–
WHR	New	WHIRLPOOL CORP	$3,545,000	–	25,462	–	1.31%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$3,490,000	–	95,606	–	1.29%	–
ESV	New	ENSCO PLC	$3,053,000	–	54,935	–	1.13%	–
RIG	New	TRANSOCEAN LTD	$3,000,000	–	66,616	–	1.11%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$2,906,000	–	69,634	–	1.07%	–
TRW	New	TRW AUTOMOTIVE HLDGS CORP	$2,883,000	–	32,210	–	1.06%	–
LRCX	New	LAM RESEARCH CORP	$2,871,000	–	42,480	–	1.06%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$2,840,000	–	62,605	–	1.05%	–
BP	New	BP PLCsponsored adr	$2,713,000	–	51,440	–	1.00%	–
GE	New	GENERAL ELECTRIC CO	$2,660,000	–	101,210	–	0.98%	–
JNJ	New	JOHNSON & JOHNSON	$2,658,000	–	25,410	–	0.98%	–
T	New	AT&T INC	$2,548,000	–	72,069	–	0.94%	–
HPT	New	HOSPITALITY PPTYS TR	$2,545,000	–	83,715	–	0.94%	–
UMPQ	New	UMPQUA HLDGS CORP	$2,544,000	–	141,955	–	0.94%	–
BBBY	New	BED BATH & BEYOND INC	$2,492,000	–	43,425	–	0.92%	–
MO	New	ALTRIA GROUP INC	$2,444,000	–	58,285	–	0.90%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$2,412,000	–	76,080	–	0.89%	–
CTRX	New	CATAMARAN CORP	$2,356,000	–	53,345	–	0.87%	–
CHKLQ	New	CHESAPEAKE ENERGY CORPpfd conv	$2,341,000	–	24,013	–	0.86%	–
J	New	JACOBS ENGR GROUP INC DEL	$2,329,000	–	43,705	–	0.86%	–
COP	New	CONOCOPHILLIPS	$2,312,000	–	26,967	–	0.85%	–
DLR	New	DIGITAL RLTY TR INC	$2,300,000	–	39,435	–	0.85%	–
CSCO	New	CISCO SYS INC	$2,297,000	–	92,435	–	0.85%	–
ABBV	New	ABBVIE INC	$2,284,000	–	40,465	–	0.84%	–
EBAY	New	EBAY INC	$2,268,000	–	45,310	–	0.84%	–
THO	New	THOR INDS INC	$2,220,000	–	39,030	–	0.82%	–
PG	New	PROCTER & GAMBLE CO	$2,199,000	–	27,985	–	0.81%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$2,199,000	–	37,545	–	0.81%	–
CBRL	New	CRACKER BARREL OLD CTRY STOR	$2,187,000	–	21,960	–	0.81%	–
MHK	New	MOHAWK INDS INC	$2,185,000	–	15,798	–	0.81%	–
CVX	New	CHEVRON CORP NEW	$2,185,000	–	16,739	–	0.81%	–
GM	New	GENERAL MTRS CO	$2,166,000	–	59,670	–	0.80%	–
KRFT	New	KRAFT FOODS GROUP INC	$2,144,000	–	35,765	–	0.79%	–
TDC	New	TERADATA CORP DEL	$2,042,000	–	50,805	–	0.75%	–
IP	New	INTL PAPER CO	$2,024,000	–	40,095	–	0.75%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,965,000	–	10,842	–	0.73%	–
CA	New	CA INC	$1,935,000	–	67,345	–	0.72%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,879,000	–	22,982	–	0.69%	–
CCG	New	CAMPUS CREST CMNTYS INC	$1,868,000	–	215,725	–	0.69%	–
FNFG	New	FIRST NIAGARA FINL GP INC	$1,845,000	–	211,055	–	0.68%	–
LMT	New	LOCKHEED MARTIN CORP	$1,787,000	–	11,117	–	0.66%	–
BA	New	BOEING CO	$1,775,000	–	13,953	–	0.66%	–
JBL	New	JABIL CIRCUIT INC	$1,677,000	–	80,253	–	0.62%	–
HCN	New	HEALTH CARE REIT INC	$1,430,000	–	22,815	–	0.53%	–
HAR	New	HARMAN INTL INDS INC	$1,282,000	–	11,930	–	0.47%	–
SPLS	New	STAPLES INC	$1,278,000	–	117,930	–	0.47%	–
BTU	New	PEABODY ENERGY CORP	$1,267,000	–	77,463	–	0.47%	–
CATY	New	CATHAY GEN BANCORP	$831,000	–	32,500	–	0.31%	–
SCI	New	SERVICE CORP INTL	$530,000	–	25,595	–	0.20%	–
PRAA	New	PORTFOLIO RECOVERY ASSOCS IN	$457,000	–	7,675	–	0.17%	–
XOM	New	EXXON MOBIL CORP	$436,000	–	4,330	–	0.16%	–
ECPG	New	ENCORE CAP GROUP INC	$423,000	–	9,320	–	0.16%	–
IIVI	New	II VI INC	$386,000	–	26,675	–	0.14%	–
SCS	New	STEELCASE INCcl a	$382,000	–	25,240	–	0.14%	–
RTI	New	RTI INTL METALS INC	$370,000	–	13,925	–	0.14%	–
COLB	New	COLUMBIA BKG SYS INC	$361,000	–	13,705	–	0.13%	–
SYNA	New	SYNAPTICS INC	$358,000	–	3,945	–	0.13%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$358,000	–	1,829	–	0.13%	–
RTEC	New	RUDOLPH TECHNOLOGIES INC	$356,000	–	36,030	–	0.13%	–
EMO	New	CLEARBRIDGE ENERGY MLP OPP F	$356,000	–	14,000	–	0.13%	–
CYNO	New	CYNOSURE INCcl a	$349,000	–	16,440	–	0.13%	–
SYKE	New	SYKES ENTERPRISES INC	$341,000	–	15,695	–	0.13%	–
ISSI	New	INTEGRATED SILICON SOLUTION	$336,000	–	22,755	–	0.12%	–
COBZ	New	COBIZ FINANCIAL INC	$336,000	–	31,155	–	0.12%	–
EXAC	New	EXACTECH INC	$332,000	–	13,150	–	0.12%	–
CBT	New	CABOT CORP	$329,000	–	5,680	–	0.12%	–
VSH	New	VISHAY INTERTECHNOLOGY INC	$328,000	–	21,195	–	0.12%	–
LQD	New	ISHARESiboxx inv cp etf	$325,000	–	2,725	–	0.12%	–
FRAN	New	FRANCESCAS HLDGS CORP	$326,000	–	22,125	–	0.12%	–
FRME	New	FIRST MERCHANTS CORP	$321,000	–	15,200	–	0.12%	–
MATX	New	MATSON INC	$323,000	–	12,035	–	0.12%	–
DAR	New	DARLING INGREDIENTS INC	$314,000	–	15,035	–	0.12%	–
FLO	New	FLOWERS FOODS INC	$314,000	–	14,895	–	0.12%	–
ASNA	New	ASCENA RETAIL GROUP INC	$311,000	–	18,185	–	0.12%	–
WIBC	New	WILSHIRE BANCORP INC	$310,000	–	30,175	–	0.11%	–
NFG	New	NATIONAL FUEL GAS CO N J	$305,000	–	3,895	–	0.11%	–
LKFN	New	LAKELAND FINL CORP	$304,000	–	7,955	–	0.11%	–
DESTQ	New	DESTINATION MATERNITY CORP	$304,000	–	13,370	–	0.11%	–
GME	New	GAMESTOP CORP NEWcl a	$290,000	–	7,160	–	0.11%	–
SSINQ	New	STAGE STORES INC	$290,000	–	15,540	–	0.11%	–
KELYA	New	KELLY SVCS INCcl a	$288,000	–	16,800	–	0.11%	–
RSTI	New	ROFIN SINAR TECHNOLOGIES INC	$283,000	–	11,765	–	0.10%	–
FFIC	New	FLUSHING FINL CORP	$282,000	–	13,735	–	0.10%	–
WGO	New	WINNEBAGO INDS INC	$280,000	–	11,120	–	0.10%	–
LNDC	New	LANDEC CORP	$256,000	–	20,495	–	0.10%	–
NOG	New	NORTHERN OIL & GAS INC NEV	$232,000	–	14,245	–	0.09%	–
VOXX	New	VOXX INTL CORPcl a	$203,000	–	21,545	–	0.08%	–

Q4 2013

			Value		Shares		↓ Weighting
TWI	Exit	TITAN INTL INC ILL	$0	–	-12,065	–	-0.07%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NE	$0	–	-14,580	–	-0.08%	–
INGR	Exit	INGREDION INC	$0	–	-3,205	–	-0.09%	–
NOG	Exit	NORTHERN OIL & GAS INC NEV	$0	–	-15,585	–	-0.09%	–
MDR	Exit	MCDERMOTT INTL INC	$0	–	-31,145	–	-0.09%	–
SPNV	Exit	SUPERIOR ENERGY SVCS INC	$0	–	-9,585	–	-0.10%	–
CROX	Exit	CROCS INC	$0	–	-18,365	–	-0.10%	–
CNMD	Exit	CONMED CORP	$0	–	-7,880	–	-0.11%	–
EXAC	Exit	EXACTECH INC	$0	–	-13,410	–	-0.11%	–
OVTI	Exit	OMNIVISION TECHNOLOGIES INC	$0	–	-18,330	–	-0.11%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-6,135	–	-0.11%	–
LNDC	Exit	LANDEC CORP	$0	–	-23,315	–	-0.12%	–
FFIC	Exit	FLUSHING FINL CORP	$0	–	-15,595	–	-0.12%	–
CRS	Exit	CARPENTER TECHNOLOGY CORP	$0	–	-5,075	–	-0.12%	–
MED	Exit	MEDIFAST INC	$0	–	-11,225	–	-0.12%	–
GCO	Exit	GENESCO INC	$0	–	-4,625	–	-0.12%	–
RSTI	Exit	ROFIN SINAR TECHNOLOGIES INC	$0	–	-12,560	–	-0.12%	–
BGC	Exit	GENERAL CABLE CORP DEL NEW	$0	–	-9,720	–	-0.12%	–
UMPQ	Exit	UMPQUA HLDGS CORP	$0	–	-19,125	–	-0.12%	–
COBZ	Exit	COBIZ FINANCIAL INC	$0	–	-31,985	–	-0.12%	–
THRM	Exit	GENTHERM INC	$0	–	-16,800	–	-0.13%	–
CBT	Exit	CABOT CORP	$0	–	-7,725	–	-0.13%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-20,190	–	-0.14%	–
OMCL	Exit	OMNICELL INC	$0	–	-14,895	–	-0.14%	–
RCII	Exit	RENT A CTR INC NEW	$0	–	-9,440	–	-0.14%	–
EMO	Exit	CLEARBRIDGE ENERGY MLP OPP F	$0	–	-16,000	–	-0.15%	–
THO	Exit	THOR INDS INC	$0	–	-6,340	–	-0.15%	–
GIVN	Exit	GIVEN IMAGING	$0	–	-19,310	–	-0.15%	–
COLB	Exit	COLUMBIA BKG SYS INC	$0	–	-15,385	–	-0.15%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,430	–	-0.15%	–
BOOM	Exit	DYNAMIC MATLS CORP	$0	–	-16,605	–	-0.16%	–
SYKE	Exit	SYKES ENTERPRISES INC	$0	–	-21,560	–	-0.16%	–
BRLI	Exit	BIO-REFERENCE LABS INC	$0	–	-13,000	–	-0.16%	–
SGY	Exit	STONE ENERGY CORP	$0	–	-12,060	–	-0.16%	–
LKFN	Exit	LAKELAND FINL CORP	$0	–	-12,630	–	-0.17%	–
BHLB	Exit	BERKSHIRE HILLS BANCORP INC	$0	–	-16,665	–	-0.17%	–
LQD	Exit	ISHARESiboxx inv cp etf	$0	–	-3,765	–	-0.17%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-10,175	–	-0.18%	–
ECPG	Exit	ENCORE CAP GROUP INC	$0	–	-9,840	–	-0.18%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-6,560	–	-0.18%	–
ISSI	Exit	INTEGRATED SILICON SOLUTION	$0	–	-42,620	–	-0.19%	–
CLH	Exit	CLEAN HARBORS INC	$0	–	-7,945	–	-0.19%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-26,895	–	-0.20%	–
CATY	Exit	CATHAY GENERAL BANCORP	$0	–	-39,000	–	-0.37%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-19,395	–	-0.49%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-10,210	–	-0.53%	–
SPLS	Exit	STAPLES INC	$0	–	-90,710	–	-0.54%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-53,295	–	-0.56%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-21,365	–	-0.59%	–
BA	Exit	BOEING CO	$0	–	-12,998	–	-0.62%	–
JWN	Exit	NORDSTROM INC	$0	–	-27,255	–	-0.62%	–
CA	Exit	CA INC	$0	–	-52,035	–	-0.62%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-22,065	–	-0.64%	–
CSCO	Exit	CISCO SYS INC	$0	–	-67,950	–	-0.64%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-35,855	–	-0.65%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-14,800	–	-0.67%	–
BTU	Exit	PEABODY ENERGY CORP	$0	–	-100,038	–	-0.70%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,309	–	-0.70%	–
ABBV	Exit	ABBVIE INC	$0	–	-39,280	–	-0.71%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-34,190	–	-0.73%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-41,545	–	-0.78%	–
FNFG	Exit	FIRST NIAGARA FINL GP INC	$0	–	-186,995	–	-0.78%	–
INTC	Exit	INTEL CORP	$0	–	-86,575	–	-0.80%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-58,075	–	-0.81%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-43,475	–	-0.81%	–
EXC	Exit	EXELON CORP	$0	–	-69,588	–	-0.83%	–
CHKLQ	Exit	CHESAPEAKE ENERGY CORPpfd conv	$0	–	-23,318	–	-0.83%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-84,710	–	-0.85%	–
T	Exit	AT&T INC	$0	–	-62,315	–	-0.85%	–
BP	Exit	BP PLCsponsored adr	$0	–	-51,305	–	-0.87%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-11,723	–	-0.88%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-25,905	–	-0.91%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-26,250	–	-0.91%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-80,800	–	-0.92%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-30,265	–	-0.94%	–
WFT	Exit	WEATHERFORD INTERNATIONAL LT	$0	–	-154,845	–	-0.96%	–
MCK	Exit	MCKESSON CORP	$0	–	-18,680	–	-0.97%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-100,580	–	-0.97%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-165,485	–	-0.97%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-36,382	–	-1.02%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-50,392	–	-1.19%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-35,820	–	-1.21%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-111,400	–	-1.24%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GO	$0	–	-95,325	–	-1.27%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-79,503	–	-1.28%	–
ORCL	Exit	ORACLE CORP	$0	–	-97,610	–	-1.31%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-52,540	–	-1.31%	–
FDX	Exit	FEDEX CORP	$0	–	-30,960	–	-1.43%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-70,885	–	-1.49%	–
AZO	Exit	AUTOZONE INC	$0	–	-9,215	–	-1.57%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-139,548	–	-1.58%	–
AMGN	Exit	AMGEN INC	$0	–	-35,060	–	-1.58%	–
C	Exit	CITIGROUP INC	$0	–	-81,160	–	-1.59%	–
ETN	Exit	EATON CORP PLC	$0	–	-57,916	–	-1.61%	–
F	Exit	FORD MTR CO DEL	$0	–	-237,028	–	-1.62%	–
TGT	Exit	TARGET CORP	$0	–	-64,763	–	-1.67%	–
ESV	Exit	ENSCO PLC	$0	–	-80,390	–	-1.74%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-125,044	–	-1.76%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-61,218	–	-1.93%	–
APA	Exit	APACHE CORP	$0	–	-56,562	–	-1.94%	–
WAG	Exit	WALGREEN CO	$0	–	-90,117	–	-1.96%	–
EMC	Exit	E M C CORP MASS	$0	–	-202,405	–	-2.09%	–
GLW	Exit	CORNING INC	$0	–	-355,760	–	-2.10%	–
NE	Exit	NOBLE CORPORATION BAARnamen -akt	$0	–	-137,743	–	-2.10%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-103,540	–	-2.16%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-95,929	–	-2.20%	–
JBL	Exit	JABIL CIRCUIT INC	$0	–	-253,593	–	-2.22%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-123,660	–	-2.22%	–
R	Exit	RYDER SYS INC	$0	–	-92,235	–	-2.22%	–
QCOM	Exit	QUALCOMM INC	$0	–	-82,410	–	-2.24%	–
DOW	Exit	DOW CHEM CO	$0	–	-157,375	–	-2.44%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-88,734	–	-2.46%	–
HAR	Exit	HARMAN INTL INDS INC	$0	–	-94,075	–	-2.52%	–
AAPL	Exit	APPLE INC	$0	–	-17,281	–	-3.33%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-286,600	–	-3.51%	–

Q3 2013

			Value		Shares		↓ Weighting
CAG	Buy	CONAGRA FOODS INC	$8,695,000	+42.2%	286,600	+63.8%	3.51%	+35.1%
AAPL	Sell	APPLE INC	$8,239,000	+18.9%	17,281	-1.1%	3.33%	+12.9%
HAR	Sell	HARMAN INTL INDS INC	$6,231,000	+20.0%	94,075	-1.8%	2.52%	+14.1%
COF	Sell	CAPITAL ONE FINL CORP	$6,100,000	+6.8%	88,734	-2.4%	2.46%	+1.5%
DOW	Sell	DOW CHEM CO	$6,043,000	-8.8%	157,375	-23.6%	2.44%	-13.3%
QCOM	Sell	QUALCOMM INC	$5,548,000	+4.2%	82,410	-5.4%	2.24%	-1.0%
R	New	RYDER SYS INC	$5,506,000	–	92,235	–	2.22%	–
RIG	New	TRANSOCEAN LTD	$5,503,000	–	123,660	–	2.22%	–
JBL	Sell	JABIL CIRCUIT INC	$5,498,000	+0.4%	253,593	-5.6%	2.22%	-4.6%
CVS	Buy	CVS CAREMARK CORPORATION	$5,444,000	+18.1%	95,929	+19.0%	2.20%	+12.2%
JPM	Sell	JPMORGAN CHASE & CO	$5,352,000	-3.7%	103,540	-1.6%	2.16%	-8.5%
NE	Sell	NOBLE CORPORATION BAARnamen -akt	$5,203,000	-1.7%	137,743	-2.2%	2.10%	-6.5%
GLW	Buy	CORNING INC	$5,191,000	+15.5%	355,760	+12.7%	2.10%	+9.8%
EMC	Sell	E M C CORP MASS	$5,173,000	+6.9%	202,405	-1.2%	2.09%	+1.6%
WAG	Sell	WALGREEN CO	$4,848,000	-2.0%	90,117	-19.5%	1.96%	-6.9%
APA	Sell	APACHE CORP	$4,816,000	-3.0%	56,562	-4.5%	1.94%	-7.8%
PRU	Sell	PRUDENTIAL FINL INC	$4,774,000	-19.5%	61,218	-24.6%	1.93%	-23.5%
MRO	Sell	MARATHON OIL CORP	$4,362,000	-2.0%	125,044	-2.9%	1.76%	-6.9%
ESV	Buy	ENSCO PLC	$4,321,000	-5.4%	80,390	+2.3%	1.74%	-10.1%
TGT	Sell	TARGET CORP	$4,144,000	-8.4%	64,763	-1.4%	1.67%	-13.0%
F	Sell	FORD MTR CO DEL	$3,999,000	-5.1%	237,028	-13.0%	1.62%	-9.9%
ETN	Sell	EATON CORP PLC	$3,987,000	+4.4%	57,916	-0.2%	1.61%	-0.8%
C	New	CITIGROUP INC	$3,937,000	–	81,160	–	1.59%	–
AMGN	Buy	AMGEN INC	$3,924,000	+13.5%	35,060	+0.0%	1.58%	+7.9%
NEM	Buy	NEWMONT MINING CORP	$3,921,000	-4.1%	139,548	+2.2%	1.58%	-8.9%
AZO	Buy	AUTOZONE INC	$3,895,000	+3.6%	9,215	+3.9%	1.57%	-1.5%
CAH	Sell	CARDINAL HEALTH INC	$3,697,000	-24.9%	70,885	-32.1%	1.49%	-28.7%
FDX	Sell	FEDEX CORP	$3,533,000	-31.6%	30,960	-40.9%	1.43%	-35.0%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$3,247,000	-14.2%	52,540	-14.3%	1.31%	-18.5%
ORCL	New	ORACLE CORP	$3,238,000	–	97,610	–	1.31%	–
JNK	Sell	SPDR SERIES TRUSTbrc hgh yld bd	$3,168,000	-1.8%	79,503	-2.7%	1.28%	-6.7%
FCX	Sell	FREEPORT-MCMORAN COPPER & GO	$3,153,000	-30.7%	95,325	-42.1%	1.27%	-34.1%
PWR	Sell	QUANTA SVCS INC	$3,065,000	+2.4%	111,400	-1.5%	1.24%	-2.7%
CAT	Sell	CATERPILLAR INC DEL	$2,987,000	-0.7%	35,820	-1.8%	1.21%	-5.7%
DD	Sell	DU PONT E I DE NEMOURS & CO	$2,951,000	-10.9%	50,392	-20.1%	1.19%	-15.3%
COP	Sell	CONOCOPHILLIPS	$2,529,000	+13.9%	36,382	-0.9%	1.02%	+8.2%
LUV	Sell	SOUTHWEST AIRLS CO	$2,409,000	+8.3%	165,485	-4.1%	0.97%	+3.0%
GE	Buy	GENERAL ELECTRIC CO	$2,403,000	+9.3%	100,580	+6.1%	0.97%	+3.9%
MCK	Sell	MCKESSON CORP	$2,397,000	+8.3%	18,680	-3.4%	0.97%	+3.0%
WFT	Sell	WEATHERFORD INTERNATIONAL LT	$2,374,000	+7.1%	154,845	-4.3%	0.96%	+1.8%
BBBY	Sell	BED BATH & BEYOND INC	$2,341,000	-44.1%	30,265	-48.7%	0.94%	-46.9%
HPT	Buy	HOSPITALITY PPTYS TR	$2,287,000	+8.1%	80,800	+0.4%	0.92%	+2.8%
FFIV	Sell	F5 NETWORKS INC	$2,252,000	+21.2%	26,250	-2.8%	0.91%	+15.1%
JNJ	Sell	JOHNSON & JOHNSON	$2,246,000	+0.4%	25,905	-0.5%	0.91%	-4.5%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$2,171,000	+28.1%	11,723	+32.2%	0.88%	+21.8%
BP	Buy	BP PLCsponsored adr	$2,156,000	+11.0%	51,305	+10.3%	0.87%	+5.6%
T	Buy	AT&T INC	$2,107,000	-0.8%	62,315	+3.8%	0.85%	-5.8%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$2,104,000	+9.1%	84,710	-3.8%	0.85%	+3.8%
CHKLQ	Buy	CHESAPEAKE ENERGY CORPpfd conv	$2,062,000	-0.1%	23,318	+0.7%	0.83%	-5.0%
EXC	Sell	EXELON CORP	$2,063,000	-4.2%	69,588	-0.2%	0.83%	-9.0%
DRI	Buy	DARDEN RESTAURANTS INC	$2,012,000	-2.0%	43,475	+6.9%	0.81%	-6.9%
MO	Buy	ALTRIA GROUP INC	$1,995,000	+1.3%	58,075	+3.1%	0.81%	-3.7%
INTC	Sell	INTEL CORP	$1,984,000	-39.9%	86,575	-36.5%	0.80%	-42.9%
FNFG	Sell	FIRST NIAGARA FINL GP INC	$1,939,000	-1.2%	186,995	-4.0%	0.78%	-6.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,939,000	+1.1%	41,545	+9.0%	0.78%	-3.9%
DLR	New	DIGITAL RLTY TR INC	$1,815,000	–	34,190	–	0.73%	–
ABBV	Buy	ABBVIE INC	$1,757,000	+9.7%	39,280	+1.4%	0.71%	+4.3%
CVX	Buy	CHEVRON CORP NEW	$1,739,000	+11.3%	14,309	+8.3%	0.70%	+5.7%
BTU	Sell	PEABODY ENERGY CORP	$1,726,000	+15.2%	100,038	-2.2%	0.70%	+9.4%
TWC	Sell	TIME WARNER CABLE INC	$1,652,000	-2.1%	14,800	-1.3%	0.67%	-7.0%
DPS	New	DR PEPPER SNAPPLE GROUP INC	$1,607,000	–	35,855	–	0.65%	–
CSCO	Buy	CISCO SYS INC	$1,592,000	+58.3%	67,950	+64.4%	0.64%	+50.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$1,580,000	+8.1%	22,065	-1.1%	0.64%	+2.7%
CA	Sell	CA INC	$1,544,000	+1.3%	52,035	-2.3%	0.62%	-3.9%
JWN	Buy	NORDSTROM INC	$1,532,000	-2.2%	27,255	+4.3%	0.62%	-6.9%
BA	Buy	BOEING CO	$1,527,000	+16.0%	12,998	+1.2%	0.62%	+10.4%
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$1,471,000	–	21,365	–	0.59%	–
GG	Sell	GOLDCORP INC NEW	$1,386,000	-0.2%	53,295	-5.1%	0.56%	-5.1%
SPLS	Sell	STAPLES INC	$1,329,000	-19.0%	90,710	-12.2%	0.54%	-23.0%
LMT	Sell	LOCKHEED MARTIN CORP	$1,302,000	-30.1%	10,210	-40.5%	0.53%	-33.5%
HCN	Buy	HEALTH CARE REIT INC	$1,210,000	-1.1%	19,395	+6.3%	0.49%	-6.0%
CATY	New	CATHAY GENERAL BANCORP	$911,000	–	39,000	–	0.37%	–
SCI	Buy	SERVICE CORP INTL	$501,000	+44.4%	26,895	+39.8%	0.20%	+37.4%
CLH	Buy	CLEAN HARBORS INC	$466,000	+56.4%	7,945	+34.8%	0.19%	+48.0%
ISSI	Buy	INTEGRATED SILICON SOLUTION	$464,000	+48.2%	42,620	+49.1%	0.19%	+40.6%
ECPG	Sell	ENCORE CAP GROUP INC	$450,000	-13.6%	9,840	-37.5%	0.18%	-17.6%
NFG	Sell	NATIONAL FUEL GAS CO N J	$451,000	+17.8%	6,560	-0.7%	0.18%	+11.7%
SYNA	Buy	SYNAPTICS INC	$450,000	+60.1%	10,175	+39.6%	0.18%	+52.9%
BHLB	Sell	BERKSHIRE HILLS BANCORP INC	$418,000	-9.9%	16,665	-0.4%	0.17%	-14.2%
LKFN	Sell	LAKELAND FINL CORP	$412,000	+16.7%	12,630	-0.7%	0.17%	+10.7%
SGY	Sell	STONE ENERGY CORP	$391,000	+45.9%	12,060	-0.7%	0.16%	+38.6%
BRLI	Sell	BIO-REFERENCE LABS INC	$388,000	+3.2%	13,000	-0.7%	0.16%	-1.9%
SYKE	Sell	SYKES ENTERPRISES INC	$386,000	+12.9%	21,560	-0.7%	0.16%	+7.6%
BOOM	Sell	DYNAMIC MATLS CORP	$385,000	+39.5%	16,605	-0.7%	0.16%	+32.5%
XOM	Buy	EXXON MOBIL CORP	$381,000	+7.3%	4,430	+12.7%	0.15%	+2.0%
COLB	New	COLUMBIA BKG SYS INC	$380,000	–	15,385	–	0.15%	–
GIVN	Buy	GIVEN IMAGING	$371,000	+37.4%	19,310	+0.0%	0.15%	+30.4%
THO	Sell	THOR INDS INC	$368,000	+17.2%	6,340	-0.7%	0.15%	+12.0%
EMO	New	CLEARBRIDGE ENERGY MLP OPP F	$362,000	–	16,000	–	0.15%	–
RCII	Sell	RENT A CTR INC NEW	$360,000	+0.8%	9,440	-0.7%	0.14%	-4.6%
OMCL	Sell	OMNICELL INC	$353,000	+14.6%	14,895	-0.7%	0.14%	+9.2%
SCS	Buy	STEELCASE INCcl a	$336,000	+16.7%	20,190	+2.1%	0.14%	+11.5%
CBT	Sell	CABOT CORP	$330,000	+13.4%	7,725	-0.7%	0.13%	+7.3%
THRM	New	GENTHERM INC	$321,000	–	16,800	–	0.13%	–
COBZ	New	COBIZ FINANCIAL INC	$309,000	–	31,985	–	0.12%	–
BGC	Sell	GENERAL CABLE CORP DEL NEW	$309,000	+2.7%	9,720	-0.7%	0.12%	-2.3%
UMPQ	New	UMPQUA HLDGS CORP	$310,000	–	19,125	–	0.12%	–
RSTI	New	ROFIN SINAR TECHNOLOGIES INC	$304,000	–	12,560	–	0.12%	–
GCO	Buy	GENESCO INC	$303,000	-1.3%	4,625	+1.0%	0.12%	-6.2%
MED	Sell	MEDIFAST INC	$302,000	+3.8%	11,225	-0.7%	0.12%	-1.6%
CRS	Sell	CARPENTER TECHNOLOGY CORP	$295,000	-3.0%	5,075	-24.9%	0.12%	-7.8%
FFIC	Sell	FLUSHING FINL CORP	$288,000	-28.7%	15,595	-36.5%	0.12%	-32.6%
LNDC	Buy	LANDEC CORP	$284,000	-7.5%	23,315	+0.3%	0.12%	-11.5%
TCBI	Sell	TEXAS CAPITAL BANCSHARES INC	$282,000	-34.0%	6,135	-36.3%	0.11%	-37.0%
OVTI	Sell	OMNIVISION TECHNOLOGIES INC	$281,000	-18.3%	18,330	-0.7%	0.11%	-22.6%
EXAC	Sell	EXACTECH INC	$270,000	+1.1%	13,410	-0.7%	0.11%	-3.5%
CNMD	Buy	CONMED CORP	$268,000	+10.7%	7,880	+1.7%	0.11%	+4.9%
CROX	Sell	CROCS INC	$250,000	-18.0%	18,365	-0.7%	0.10%	-22.3%
SPNV	Sell	SUPERIOR ENERGY SVCS INC	$240,000	-4.0%	9,585	-0.7%	0.10%	-8.5%
MDR	New	MCDERMOTT INTL INC	$231,000	–	31,145	–	0.09%	–
NOG	Buy	NORTHERN OIL & GAS INC NEV	$225,000	+8.7%	15,585	+0.3%	0.09%	+3.4%
INGR	Buy	INGREDION INC	$212,000	+2.4%	3,205	+1.4%	0.09%	-2.3%
AEO	Sell	AMERICAN EAGLE OUTFITTERS NE	$204,000	-23.9%	14,580	-0.7%	0.08%	-28.1%
TWI	Sell	TITAN INTL INC ILL	$177,000	-13.7%	12,065	-0.7%	0.07%	-18.4%
MMU	Exit	WESTERN ASST MNGD MUN FD INC	$0	–	-11,290	–	-0.06%	–
HA	Exit	HAWAIIAN HOLDINGS INC	$0	–	-36,090	–	-0.09%	–
VLTR	Exit	VOLTERRA SEMICONDUCTOR CORP	$0	–	-18,530	–	-0.11%	–
RTEC	Exit	RUDOLPH TECHNOLOGIES INC	$0	–	-23,940	–	-0.11%	–
ACAT	Exit	ARCTIC CAT INC	$0	–	-7,210	–	-0.14%	–
GMPRB	Exit	GENERAL MTRS COjr pfd cnv srb	$0	–	-8,805	–	-0.18%	–
BBCN	Exit	BBCN BANCORP INC	$0	–	-33,025	–	-0.20%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-175,485	–	-1.52%	–
V107SC	Exit	WELLPOINT INC	$0	–	-47,440	–	-1.65%	–
KSS	Exit	KOHLS CORP	$0	–	-89,285	–	-1.92%	–

Q2 2013

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$6,932,000	–	17,482	–	2.95%	–
DOW	New	DOW CHEM CO	$6,625,000	–	205,950	–	2.82%	–
CAG	New	CONAGRA FOODS INC	$6,113,000	–	175,015	–	2.60%	–
PRU	New	PRUDENTIAL FINL INC	$5,932,000	–	81,228	–	2.52%	–
COF	New	CAPITAL ONE FINL CORP	$5,710,000	–	90,909	–	2.43%	–
JPM	New	JPMORGAN CHASE & CO	$5,556,000	–	105,240	–	2.36%	–
JBL	New	JABIL CIRCUIT INC	$5,475,000	–	268,623	–	2.33%	–
QCOM	New	QUALCOMM INC	$5,324,000	–	87,145	–	2.26%	–
NE	New	NOBLE CORPORATION BAARnamen -akt	$5,291,000	–	140,783	–	2.25%	–
HAR	New	HARMAN INTL INDS INC	$5,191,000	–	95,770	–	2.21%	–
FDX	New	FEDEX CORP	$5,162,000	–	52,365	–	2.19%	–
APA	New	APACHE CORP	$4,966,000	–	59,242	–	2.11%	–
WAG	New	WALGREEN CO	$4,948,000	–	111,947	–	2.10%	–
CAH	New	CARDINAL HEALTH INC	$4,926,000	–	104,365	–	2.09%	–
EMC	New	E M C CORP MASS	$4,840,000	–	204,895	–	2.06%	–
CVS	New	CVS CAREMARK CORPORATION	$4,611,000	–	80,642	–	1.96%	–
ESV	New	ENSCO PLC	$4,568,000	–	78,600	–	1.94%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$4,548,000	–	164,720	–	1.93%	–
TGT	New	TARGET CORP	$4,524,000	–	65,698	–	1.92%	–
KSS	New	KOHLS CORP	$4,510,000	–	89,285	–	1.92%	–
GLW	New	CORNING INC	$4,493,000	–	315,765	–	1.91%	–
MRO	New	MARATHON OIL CORP	$4,452,000	–	128,734	–	1.89%	–
F	New	FORD MTR CO DEL	$4,216,000	–	272,548	–	1.79%	–
BBBY	New	BED BATH & BEYOND INC	$4,186,000	–	58,995	–	1.78%	–
NEM	New	NEWMONT MINING CORP	$4,089,000	–	136,523	–	1.74%	–
V107SC	New	WELLPOINT INC	$3,882,000	–	47,440	–	1.65%	–
ETN	New	EATON CORP PLC	$3,820,000	–	58,040	–	1.62%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,784,000	–	61,295	–	1.61%	–
AZO	New	AUTOZONE INC	$3,759,000	–	8,871	–	1.60%	–
CHK	New	CHESAPEAKE ENERGY CORP	$3,576,000	–	175,485	–	1.52%	–
AMGN	New	AMGEN INC	$3,458,000	–	35,045	–	1.47%	–
DD	New	DU PONT E I DE NEMOURS & CO	$3,313,000	–	63,102	–	1.41%	–
INTC	New	INTEL CORP	$3,303,000	–	136,308	–	1.40%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$3,226,000	–	81,698	–	1.37%	–
CAT	New	CATERPILLAR INC DEL	$3,009,000	–	36,475	–	1.28%	–
PWR	New	QUANTA SVCS INC	$2,994,000	–	113,150	–	1.27%	–
JNJ	New	JOHNSON & JOHNSON	$2,236,000	–	26,040	–	0.95%	–
LUV	New	SOUTHWEST AIRLS CO	$2,224,000	–	172,520	–	0.94%	–
COP	New	CONOCOPHILLIPS	$2,221,000	–	36,717	–	0.94%	–
WFT	New	WEATHERFORD INTERNATIONAL LT	$2,217,000	–	161,840	–	0.94%	–
MCK	New	MCKESSON CORP	$2,213,000	–	19,330	–	0.94%	–
GE	New	GENERAL ELECTRIC CO	$2,199,000	–	94,831	–	0.93%	–
EXC	New	EXELON CORP	$2,153,000	–	69,728	–	0.92%	–
T	New	AT&T INC	$2,125,000	–	60,015	–	0.90%	–
HPT	New	HOSPITALITY PPTYS TR	$2,115,000	–	80,465	–	0.90%	–
CHKLQ	New	CHESAPEAKE ENERGY CORPpfd conv	$2,064,000	–	23,163	–	0.88%	–
DRI	New	DARDEN RESTAURANTS INC	$2,053,000	–	40,675	–	0.87%	–
MO	New	ALTRIA GROUP INC	$1,970,000	–	56,315	–	0.84%	–
FNFG	New	FIRST NIAGARA FINL GP INC	$1,962,000	–	194,875	–	0.83%	–
BP	New	BP PLCsponsored adr	$1,942,000	–	46,535	–	0.82%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,928,000	–	88,080	–	0.82%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,918,000	–	38,110	–	0.82%	–
LMT	New	LOCKHEED MARTIN CORP	$1,862,000	–	17,165	–	0.79%	–
FFIV	New	F5 NETWORKS INC	$1,858,000	–	27,010	–	0.79%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,695,000	–	8,870	–	0.72%	–
TWC	New	TIME WARNER CABLE INC	$1,687,000	–	14,995	–	0.72%	–
SPLS	New	STAPLES INC	$1,640,000	–	103,310	–	0.70%	–
ABBV	New	ABBVIE INC	$1,602,000	–	38,750	–	0.68%	–
JWN	New	NORDSTROM INC	$1,566,000	–	26,120	–	0.66%	–
CVX	New	CHEVRON CORP NEW	$1,563,000	–	13,209	–	0.66%	–
CA	New	CA INC	$1,524,000	–	53,240	–	0.65%	–
BTU	New	PEABODY ENERGY CORP	$1,498,000	–	102,318	–	0.64%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,461,000	–	22,310	–	0.62%	–
GG	New	GOLDCORP INC NEW	$1,389,000	–	56,165	–	0.59%	–
BA	New	BOEING CO	$1,316,000	–	12,848	–	0.56%	–
HCN	New	HEALTH CARE REIT INC	$1,223,000	–	18,245	–	0.52%	–
CSCO	New	CISCO SYS INC	$1,006,000	–	41,340	–	0.43%	–
ECPG	New	ENCORE CAP GROUP INC	$521,000	–	15,745	–	0.22%	–
BBCN	New	BBCN BANCORP INC	$470,000	–	33,025	–	0.20%	–
BHLB	New	BERKSHIRE HILLS BANCORP INC	$464,000	–	16,725	–	0.20%	–
LQD	New	ISHARES TRiboxx inv cpbd	$428,000	–	3,765	–	0.18%	–
TCBI	New	TEXAS CAPITAL BANCSHARES INC	$427,000	–	9,625	–	0.18%	–
GMPRB	New	GENERAL MTRS COjr pfd cnv srb	$424,000	–	8,805	–	0.18%	–
FFIC	New	FLUSHING FINL CORP	$404,000	–	24,540	–	0.17%	–
NFG	New	NATIONAL FUEL GAS CO N J	$383,000	–	6,605	–	0.16%	–
BRLI	New	BIO-REFERENCE LABS INC	$376,000	–	13,090	–	0.16%	–
RCII	New	RENT A CTR INC NEW	$357,000	–	9,505	–	0.15%	–
XOM	New	EXXON MOBIL CORP	$355,000	–	3,930	–	0.15%	–
LKFN	New	LAKELAND FINL CORP	$353,000	–	12,720	–	0.15%	–
SCI	New	SERVICE CORP INTL	$347,000	–	19,245	–	0.15%	–
OVTI	New	OMNIVISION TECHNOLOGIES INC	$344,000	–	18,465	–	0.15%	–
SYKE	New	SYKES ENTERPRISES INC	$342,000	–	21,705	–	0.14%	–
ACAT	New	ARCTIC CAT INC	$324,000	–	7,210	–	0.14%	–
THO	New	THOR INDS INC	$314,000	–	6,385	–	0.13%	–
ISSI	New	INTEGRATED SILICON SOLUTION	$313,000	–	28,590	–	0.13%	–
OMCL	New	OMNICELL INC	$308,000	–	14,995	–	0.13%	–
CROX	New	CROCS INC	$305,000	–	18,490	–	0.13%	–
GCO	New	GENESCO INC	$307,000	–	4,580	–	0.13%	–
LNDC	New	LANDEC CORP	$307,000	–	23,240	–	0.13%	–
CRS	New	CARPENTER TECHNOLOGY CORP	$304,000	–	6,755	–	0.13%	–
BGC	New	GENERAL CABLE CORP DEL NEW	$301,000	–	9,790	–	0.13%	–
CLH	New	CLEAN HARBORS INC	$298,000	–	5,895	–	0.13%	–
CBT	New	CABOT CORP	$291,000	–	7,780	–	0.12%	–
MED	New	MEDIFAST INC	$291,000	–	11,300	–	0.12%	–
SCS	New	STEELCASE INCcl a	$288,000	–	19,770	–	0.12%	–
SYNA	New	SYNAPTICS INC	$281,000	–	7,290	–	0.12%	–
BOOM	New	DYNAMIC MATLS CORP	$276,000	–	16,720	–	0.12%	–
GIVN	New	GIVEN IMAGING	$270,000	–	19,305	–	0.12%	–
RTEC	New	RUDOLPH TECHNOLOGIES INC	$268,000	–	23,940	–	0.11%	–
SGY	New	STONE ENERGY CORP	$268,000	–	12,145	–	0.11%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NE	$268,000	–	14,680	–	0.11%	–
EXAC	New	EXACTECH INC	$267,000	–	13,510	–	0.11%	–
VLTR	New	VOLTERRA SEMICONDUCTOR CORP	$261,000	–	18,530	–	0.11%	–
SPNV	New	SUPERIOR ENERGY SVCS INC	$250,000	–	9,655	–	0.11%	–
CNMD	New	CONMED CORP	$242,000	–	7,750	–	0.10%	–
HA	New	HAWAIIAN HOLDINGS INC	$221,000	–	36,090	–	0.09%	–
INGR	New	INGREDION INC	$207,000	–	3,160	–	0.09%	–
NOG	New	NORTHERN OIL & GAS INC NEV	$207,000	–	15,540	–	0.09%	–
TWI	New	TITAN INTL INC ILL	$205,000	–	12,145	–	0.09%	–
MMU	New	WESTERN ASST MNGD MUN FD INC	$150,000	–	11,290	–	0.06%	–

Compare quarters

Export Palouse Capital Management, Inc.'s holdings