MASTERS CAPITAL MANAGEMENT LLC Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
DIS	New	DISNEY WALT COcall	$162,100,000	–	2,000,000	–	8.99%	–
AMZN	Buy	AMAZON COM INCcall	$127,120,000	+95.0%	1,000,000	+100.0%	7.05%	+170.3%
WFC	Buy	WELLS FARGO CO NEWcall	$122,580,000	+187.2%	3,000,000	+200.0%	6.80%	+298.0%
INTC	Buy	INTEL CORPcall	$106,650,000	+59.5%	3,000,000	+50.0%	5.92%	+121.0%
TLT	New	ISHARES TRcall	$88,690,000	–	1,000,000	–	4.92%	–
C	Sell	CITIGROUP INCcall	$82,260,000	-40.4%	2,000,000	-33.3%	4.56%	-17.5%
CVS	Sell	CVS HEALTH CORPcall	$69,820,000	-32.7%	1,000,000	-33.3%	3.87%	-6.7%
DELL	New	DELL TECHNOLOGIES INCcall	$68,900,000	–	1,000,000	–	3.82%	–
CPRI	New	CAPRI HOLDINGS LIMITEDcall	$52,346,950	–	995,000	–	2.90%	–
NOV	Sell	NOV INC	$41,173,000	+28.3%	1,970,000	-1.5%	2.28%	+77.9%
FLR	Sell	FLUOR CORP NEWcall	$36,700,000	-38.0%	1,000,000	-50.0%	2.04%	-14.1%
XBI	New	SPDR SER TRcall	$36,510,000	–	500,000	–	2.03%	–
DAL	Sell	DELTA AIR LINES INC DEL	$33,300,000	-30.0%	900,000	-10.0%	1.85%	-2.9%
GM	New	GENERAL MTRS COput	$32,970,000	–	1,000,000	–	1.83%	–
GM	New	GENERAL MTRS CO	$32,970,000	–	1,000,000	–	1.83%	–
PRGO	New	PERRIGO CO PLCcall	$31,950,000	–	1,000,000	–	1.77%	–
FLS	Buy	FLOWSERVE CORPcall	$31,816,000	+71.3%	800,000	+60.0%	1.76%	+137.2%
CLF	Sell	CLEVELAND-CLIFFS INC NEW	$31,103,700	-7.2%	1,990,000	-0.5%	1.73%	+28.6%
BCS	Sell	BARCLAYS PLCadr	$30,614,700	-22.1%	3,930,000	-21.4%	1.70%	+8.0%
MRNA	New	MODERNA INCcall	$25,822,500	–	250,000	–	1.43%	–
RIG	Sell	TRANSOCEAN LTD	$24,301,600	+15.6%	2,960,000	-1.3%	1.35%	+60.1%
AA	Buy	ALCOA CORP	$23,248,000	-8.6%	800,000	+6.7%	1.29%	+26.6%
DB	New	DEUTSCHE BANK A Gcall	$22,309,700	–	2,030,000	–	1.24%	–
DB	Sell	DEUTSCHE BANK A Gnamen akt	$21,815,150	-48.2%	1,985,000	-50.4%	1.21%	-28.2%
LGFB	Buy	LIONS GATE ENTMNT CORPcl b non vtg	$18,022,300	+5.3%	2,290,000	+11.7%	1.00%	+46.0%
VFC	Sell	V F CORPcall	$17,670,000	-53.7%	1,000,000	-50.0%	0.98%	-35.9%
VFC	New	V F CORP	$17,670,000	–	1,000,000	–	0.98%	–
CRC	Buy	CALIFORNIA RES CORP	$16,410,930	+81.2%	293,000	+46.5%	0.91%	+150.7%
ERJ	Buy	EMBRAER S.A.sponsored ads	$14,886,200	-3.7%	1,085,000	+8.5%	0.83%	+33.4%
AA	New	ALCOA CORPput	$14,530,000	–	500,000	–	0.81%	–
	Buy	ENOVIX CORPORATION	$13,805,000	-23.5%	1,100,000	+10.0%	0.77%	+6.1%
GPRE	Sell	GREEN PLAINS INC	$12,040,000	-45.2%	400,000	-41.3%	0.67%	-24.1%
GSM	Sell	FERROGLOBE PLC	$10,894,000	-23.9%	2,095,000	-30.2%	0.60%	+5.4%
PRGO	New	PERRIGO CO PLC	$9,585,000	–	300,000	–	0.53%	–
WW	New	WW INTL INC	$8,856,000	–	800,000	–	0.49%	–
GT	Sell	GOODYEAR TIRE & RUBR CO	$8,701,000	-56.1%	700,000	-51.7%	0.48%	-39.2%
AOMR	Sell	ANGEL OAK MORTGAGE REIT INC	$8,461,760	+2.7%	992,000	-0.8%	0.47%	+42.1%
	Buy	NAVITAS SEMICONDUCTOR CORP	$7,610,250	-27.8%	1,095,000	+9.5%	0.42%	0.0%
CLS	New	CELESTICA INC	$7,356,000	–	300,000	–	0.41%	–
TTI	New	TETRA TECHNOLOGIES INC DEL	$6,380,000	–	1,000,000	–	0.35%	–
GT	Sell	GOODYEAR TIRE & RUBR COcall	$6,215,000	-72.8%	500,000	-70.0%	0.34%	-62.3%
NXE	New	NEXGEN ENERGY LTD	$5,970,000	–	1,000,000	–	0.33%	–
	New	LUCID GROUP INC	$5,562,050	–	995,000	–	0.31%	–
ASPN	New	ASPEN AEROGELS INC	$4,287,100	–	498,500	–	0.24%	–
	New	FLOTEK INDS INC DEL	$1,476,678	–	333,336	–	0.08%	–
FTK	Exit	FLOTEK INDS INC DEL	$0	–	-2,000,000	–	-0.06%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-1,000,000	–	-0.14%	–
	Exit	RIVIAN AUTOMOTIVE INC	$0	–	-300,000	–	-0.20%	–
WW	Exit	WW INTL INCcall	$0	–	-1,000,000	–	-0.27%	–
MAXN	Exit	MAXEON SOLAR TECHNOLOGIES LT	$0	–	-250,000	–	-0.28%	–
PSTG	Exit	PURE STORAGE INCcall	$0	–	-300,000	–	-0.44%	–
SMG	Exit	SCOTTS MIRACLE-GRO COcl a	$0	–	-200,000	–	-0.50%	–
NOV	Exit	NOV INCcall	$0	–	-1,000,000	–	-0.64%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEWcall	$0	–	-1,000,000	–	-0.67%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INcall	$0	–	-3,000,000	–	-0.88%	–
SCHW	Exit	SCHWAB CHARLES CORPcall	$0	–	-500,000	–	-1.14%	–
AA	Exit	ALCOA CORPcall	$0	–	-1,000,000	–	-1.36%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-300,000	–	-2.28%	–
FCX	Exit	FREEPORT-MCMORAN INCcall	$0	–	-2,000,000	–	-3.20%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-2,000,000	–	-3.81%	–
BA	Exit	BOEING COcall	$0	–	-500,000	–	-4.23%	–
XOM	Exit	EXXON MOBIL CORPcall	$0	–	-1,000,000	–	-4.29%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-3,000,000	–	-4.63%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-1,700,000	–	-5.67%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-1,000,000	–	-17.75%	–

Q2 2023

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$443,280,000	–	1,000,000	–	17.75%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$141,695,000	–	1,700,000	–	5.67%	–
C	New	CITIGROUP INCcall	$138,120,000	–	3,000,000	–	5.53%	–
GM	New	GENERAL MTRS COcall	$115,680,000	–	3,000,000	–	4.63%	–
XOM	New	EXXON MOBIL CORPcall	$107,250,000	–	1,000,000	–	4.29%	–
BA	New	BOEING COcall	$105,580,000	–	500,000	–	4.23%	–
CVS	New	CVS HEALTH CORPcall	$103,695,000	–	1,500,000	–	4.15%	–
DAL	New	DELTA AIR LINES INC DELcall	$95,080,000	–	2,000,000	–	3.81%	–
UPS	New	UNITED PARCEL SERVICE INCcall	$89,625,000	–	500,000	–	3.59%	–
FCX	New	FREEPORT-MCMORAN INCcall	$80,000,000	–	2,000,000	–	3.20%	–
INTC	New	INTEL CORPcall	$66,880,000	–	2,000,000	–	2.68%	–
AMZN	New	AMAZON COM INCcall	$65,180,000	–	500,000	–	2.61%	–
MU	New	MICRON TECHNOLOGY INCcall	$63,110,000	–	1,000,000	–	2.53%	–
FLR	New	FLUOR CORP NEWcall	$59,200,000	–	2,000,000	–	2.37%	–
FSLR	New	FIRST SOLAR INCcall	$57,027,000	–	300,000	–	2.28%	–
DAL	New	DELTA AIR LINES INC DEL	$47,540,000	–	1,000,000	–	1.90%	–
WFC	New	WELLS FARGO CO NEWcall	$42,680,000	–	1,000,000	–	1.71%	–
DB	New	DEUTSCHE BANK A Gnamen akt	$42,120,000	–	4,000,000	–	1.69%	–
BCS	New	BARCLAYS PLCadr	$39,300,000	–	5,000,000	–	1.57%	–
VFC	New	V F CORPcall	$38,180,000	–	2,000,000	–	1.53%	–
AA	New	ALCOA CORPcall	$33,930,000	–	1,000,000	–	1.36%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$33,520,000	–	2,000,000	–	1.34%	–
SSRM	New	SSR MINING IN	$32,614,000	–	2,300,000	–	1.31%	–
NOV	New	NOV INC	$32,080,000	–	2,000,000	–	1.28%	–
FLR	New	FLUOR CORP NEW	$29,600,000	–	1,000,000	–	1.18%	–
SCHW	New	SCHWAB CHARLES CORPcall	$28,340,000	–	500,000	–	1.14%	–
AA	New	ALCOA CORP	$25,447,500	–	750,000	–	1.02%	–
GT	New	GOODYEAR TIRE & RUBR COcall	$22,819,608	–	1,668,100	–	0.91%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INcall	$22,110,000	–	3,000,000	–	0.88%	–
GPRE	New	GREEN PLAINS INC	$21,971,850	–	681,509	–	0.88%	–
RIG	New	TRANSOCEAN LTD	$21,030,000	–	3,000,000	–	0.84%	–
GT	New	GOODYEAR TIRE & RUBR CO	$19,836,000	–	1,450,000	–	0.79%	–
FLS	New	FLOWSERVE CORPcall	$18,575,000	–	500,000	–	0.74%	–
	New	ENOVIX CORPORATION	$18,040,000	–	1,000,000	–	0.72%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$17,117,500	–	2,050,000	–	0.68%	–
CLF	New	CLEVELAND-CLIFFS INC NEWcall	$16,760,000	–	1,000,000	–	0.67%	–
M	New	MACYS INCcall	$16,050,000	–	1,000,000	–	0.64%	–
NOV	New	NOV INCcall	$16,040,000	–	1,000,000	–	0.64%	–
ERJ	New	EMBRAER S.A.sponsored ads	$15,460,000	–	1,000,000	–	0.62%	–
GSM	New	FERROGLOBE PLC	$14,310,000	–	3,000,000	–	0.57%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$12,538,000	–	200,000	–	0.50%	–
PSTG	New	PURE STORAGE INCcall	$11,046,000	–	300,000	–	0.44%	–
	New	NAVITAS SEMICONDUCTOR CORP	$10,540,000	–	1,000,000	–	0.42%	–
CRC	New	CALIFORNIA RES CORP	$9,058,000	–	200,000	–	0.36%	–
AOMR	New	ANGEL OAK MORTGAGE REIT INC	$8,240,000	–	1,000,000	–	0.33%	–
TLS	New	TELOS CORP MD	$7,680,000	–	3,000,000	–	0.31%	–
MAXN	New	MAXEON SOLAR TECHNOLOGIES LT	$7,040,000	–	250,000	–	0.28%	–
WW	New	WW INTL INCcall	$6,720,000	–	1,000,000	–	0.27%	–
SENS	New	SENSEONICS HLDGS INC	$5,341,700	–	7,000,000	–	0.21%	–
	New	RIVIAN AUTOMOTIVE INC	$4,998,000	–	300,000	–	0.20%	–
SQNS	New	SEQUANS COMMUNICATIONS S Asponsored ads	$4,484,827	–	2,011,133	–	0.18%	–
PBI	New	PITNEY BOWES INC	$3,540,000	–	1,000,000	–	0.14%	–
	New	SONENDO INC	$2,380,000	–	1,750,000	–	0.10%	–
GBNH	New	GREENBROOK TMS INC	$2,228,070	–	3,427,272	–	0.09%	–
BWAY	New	BRAINSWAY LTDsponsored ads	$2,052,000	–	900,000	–	0.08%	–
FTK	New	FLOTEK INDS INC DEL	$1,468,000	–	2,000,000	–	0.06%	–
ASXC	New	ASENSUS SURGICAL INC	$1,010,000	–	2,000,000	–	0.04%	–
	New	VENUS CONCEPT INC	$700,006	–	333,336	–	0.03%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	SONENDO INC	$0	–	-400,000	–	-0.03%	–
GBNH	Exit	GREENBROOK TMS INC	$0	–	-700,000	–	-0.13%	–
FTK	Exit	FLOTEK INDS INC DEL	$0	–	-2,000,000	–	-0.14%	–
VERO	Exit	VENUS CONCEPT INC	$0	–	-5,000,000	–	-0.16%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-1,000,000	–	-0.18%	–
BWAY	Exit	BRAINSWAY LTDsponsored ads	$0	–	-900,000	–	-0.23%	–
SQNS	Exit	SEQUANS COMMUNICATIONS S Asponsored ads	$0	–	-976,790	–	-0.25%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-1,800,000	–	-0.30%	–
PRTY	Exit	PARTY CITY HOLDCO INC	$0	–	-3,000,000	–	-0.34%	–
BCS	Exit	BARCLAYS PLCcall	$0	–	-1,000,000	–	-0.45%	–
AOMR	Exit	ANGEL OAK MTG INC	$0	–	-679,933	–	-0.58%	–
SENS	Exit	SENSEONICS HLDGS INC	$0	–	-7,000,000	–	-0.66%	–
RIG	Exit	TRANSOCEAN LTDcall	$0	–	-4,000,000	–	-0.70%	–
GSM	Exit	FERROGLOBE PLC	$0	–	-1,900,000	–	-0.71%	–
F	Exit	FORD MTR CO DELcall	$0	–	-1,000,000	–	-0.79%	–
KBH	Exit	KB HOME	$0	–	-500,000	–	-0.92%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-2,000,000	–	-0.98%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-500,000	–	-0.99%	–
TLS	Exit	TELOS CORP MD	$0	–	-1,700,000	–	-1.07%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-2,000,000	–	-1.20%	–
ERJ	Exit	EMBRAER S.A.sponsored ads	$0	–	-2,000,000	–	-1.22%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-3,000,000	–	-1.36%	–
GPRE	Exit	GREEN PLAINS INC	$0	–	-700,000	–	-1.44%	–
DB	Exit	DEUTSCHE BANK A Gnamen akt	$0	–	-3,000,000	–	-1.57%	–
CRC	Exit	CALIFORNIA RES CORP	$0	–	-600,000	–	-1.63%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-1,000,000	–	-1.76%	–
SSRM	Exit	SSR MNG INC	$0	–	-1,800,000	–	-1.88%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-1,000,000	–	-1.88%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-2,000,000	–	-1.91%	–
FCX	Exit	FREEPORT-MCMORAN INCcall	$0	–	-1,000,000	–	-1.94%	–
DB	Exit	DEUTSCHE BANK A Gcall	$0	–	-4,000,000	–	-2.10%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-1,000,000	–	-2.27%	–
NOV	Exit	NOV INC	$0	–	-2,000,000	–	-2.29%	–
AA	Exit	ALCOA CORPcall	$0	–	-1,000,000	–	-2.38%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-1,000,000	–	-2.85%	–
FLR	Exit	FLUOR CORP NEWcall	$0	–	-2,000,000	–	-3.53%	–
TSLA	Exit	TESLA INCcall	$0	–	-200,000	–	-3.76%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-1,000,000	–	-4.37%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-3,000,000	–	-5.96%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHScall	$0	–	-1,000,000	–	-8.42%	–
C	Exit	CITIGROUP INCcall	$0	–	-4,000,000	–	-11.81%	–
UPS	Exit	UNITED PARCEL SERVICE INCcall	$0	–	-2,000,000	–	-22.88%	–

Q3 2022

			Value		Shares		↓ Weighting
UPS	New	UNITED PARCEL SERVICE INCcall	$323,080,000	–	2,000,000	–	22.88%	–
C	Sell	CITIGROUP INCcall	$166,680,000	-27.5%	4,000,000	-20.0%	11.81%	+9.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHScall	$118,810,000	-50.5%	1,000,000	-41.2%	8.42%	-25.0%
DAL	Sell	DELTA AIR LINES INC DELcall	$84,180,000	-27.4%	3,000,000	-25.0%	5.96%	+10.1%
TSLA	New	TESLA INCcall	$53,050,000	–	200,000	–	3.76%	–
FLR	Buy	FLUOR CORP NEWcall	$49,780,000	+7.6%	2,000,000	+5.3%	3.53%	+63.1%
WFC	New	WELLS FARGO CO NEWcall	$40,220,000	–	1,000,000	–	2.85%	–
FCX	Sell	FREEPORT-MCMORAN INCcall	$27,330,000	-53.3%	1,000,000	-50.0%	1.94%	-29.2%
CLF	Buy	CLEVELAND-CLIFFS INC NEW	$26,940,000	+16.9%	2,000,000	+33.3%	1.91%	+77.0%
UBER	New	UBER TECHNOLOGIES INCcall	$26,500,000	–	1,000,000	–	1.88%	–
SSRM	Buy	SSR MNG INC	$26,478,000	+44.1%	1,800,000	+63.6%	1.88%	+118.4%
DB	Buy	DEUTSCHE BANK A Gnamen akt	$22,200,000	-9.3%	3,000,000	+7.1%	1.57%	+37.5%
GPRE	Buy	GREEN PLAINS INC	$20,349,000	+149.7%	700,000	+133.3%	1.44%	+278.2%
BCS	Sell	BARCLAYS PLCadr	$19,200,000	-43.9%	3,000,000	-33.3%	1.36%	-14.9%
TLS	Sell	TELOS CORP MD	$15,113,000	-8.8%	1,700,000	-17.1%	1.07%	+38.4%
DAL	Sell	DELTA AIR LINES INC DEL	$14,030,000	-51.6%	500,000	-50.0%	0.99%	-26.6%
KBH	Sell	KB HOME	$12,960,000	-54.5%	500,000	-50.0%	0.92%	-31.0%
F	Sell	FORD MTR CO DELcall	$11,200,000	-66.5%	1,000,000	-66.7%	0.79%	-49.2%
GSM	Sell	FERROGLOBE PLC	$10,032,000	-19.6%	1,900,000	-9.5%	0.71%	+22.0%
RIG	Buy	TRANSOCEAN LTDcall	$9,880,000	+48.3%	4,000,000	+100.0%	0.70%	+125.1%
AOMR	Sell	ANGEL OAK MTG INC	$8,146,000	-12.7%	679,933	-5.6%	0.58%	+32.3%
BCS	Sell	BARCLAYS PLCcall	$6,400,000	-71.9%	1,000,000	-66.7%	0.45%	-57.5%
PBI	Sell	PITNEY BOWES INC	$4,194,000	-44.8%	1,800,000	-14.3%	0.30%	-16.3%
RIG	Sell	TRANSOCEAN LTD	$2,470,000	-81.5%	1,000,000	-75.0%	0.18%	-71.9%
	New	SONENDO INC	$428,000	–	400,000	–	0.03%	–
VIRI	Exit	VIRIOS THERAPEUTICS INC	$0	–	-650,000	–	-0.13%	–
M	Exit	MACYS INCcall	$0	–	-1,000,000	–	-0.86%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-200,000	–	-0.99%	–
GT	Exit	GOODYEAR TIRE & RUBR CO	$0	–	-2,000,000	–	-1.00%	–
F	Exit	FORD MTR CO DEL	$0	–	-2,000,000	–	-1.04%	–
C	Exit	CITIGROUP INC	$0	–	-500,000	–	-1.08%	–
RUN	Exit	SUNRUN INCcall	$0	–	-1,000,000	–	-1.09%	–
KBH	Exit	KB HOMEcall	$0	–	-1,000,000	–	-1.33%	–
DAL	Exit	DELTA AIR LINES INC DELput	$0	–	-1,000,000	–	-1.35%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEWcall	$0	–	-2,000,000	–	-1.44%	–
GLW	Exit	CORNING INCcall	$0	–	-1,000,000	–	-1.47%	–
GM	Exit	GENERAL MTRS CO	$0	–	-1,000,000	–	-1.48%	–
GM	Exit	GENERAL MTRS COput	$0	–	-1,000,000	–	-1.48%	–
DHI	Exit	D R HORTON INCcall	$0	–	-1,000,000	–	-3.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-1,000,000	–	-5.32%	–
TLT	Exit	ISHARES TRcall	$0	–	-1,000,000	–	-5.37%	–
XBI	Exit	SPDR SER TRcall	$0	–	-3,000,000	–	-10.42%	–

Q2 2022

			Value		Shares		↓ Weighting
IBM	New	INTERNATIONAL BUSINESS MACHScall	$240,023,000	–	1,700,000	–	11.22%	–
C	New	CITIGROUP INCcall	$229,950,000	–	5,000,000	–	10.75%	–
XBI	New	SPDR SER TRcall	$222,810,000	–	3,000,000	–	10.42%	–
DAL	New	DELTA AIR LINES INC DELcall	$115,880,000	–	4,000,000	–	5.42%	–
TLT	New	ISHARES TRcall	$114,870,000	–	1,000,000	–	5.37%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$113,680,000	–	1,000,000	–	5.32%	–
DHI	New	D R HORTON INCcall	$66,190,000	–	1,000,000	–	3.09%	–
GILD	New	GILEAD SCIENCES INCcall	$61,810,000	–	1,000,000	–	2.89%	–
FCX	New	FREEPORT-MCMORAN INCcall	$58,520,000	–	2,000,000	–	2.74%	–
FLR	New	FLUOR CORP NEWcall	$46,246,000	–	1,900,000	–	2.16%	–
AA	New	ALCOA CORPcall	$45,580,000	–	1,000,000	–	2.13%	–
DB	New	DEUTSCHE BANK A Gcall	$34,960,000	–	4,000,000	–	1.63%	–
BCS	New	BARCLAYS PLCadr	$34,200,000	–	4,500,000	–	1.60%	–
NOV	New	NOV INC	$33,820,000	–	2,000,000	–	1.58%	–
F	New	FORD MTR CO DELcall	$33,390,000	–	3,000,000	–	1.56%	–
GM	New	GENERAL MTRS COcall	$31,760,000	–	1,000,000	–	1.48%	–
GM	New	GENERAL MTRS COput	$31,760,000	–	1,000,000	–	1.48%	–
GM	New	GENERAL MTRS CO	$31,760,000	–	1,000,000	–	1.48%	–
GLW	New	CORNING INCcall	$31,510,000	–	1,000,000	–	1.47%	–
CLF	New	CLEVELAND-CLIFFS INC NEWcall	$30,740,000	–	2,000,000	–	1.44%	–
DAL	New	DELTA AIR LINES INC DEL	$28,970,000	–	1,000,000	–	1.35%	–
DAL	New	DELTA AIR LINES INC DELput	$28,970,000	–	1,000,000	–	1.35%	–
KBH	New	KB HOME	$28,460,000	–	1,000,000	–	1.33%	–
KBH	New	KB HOMEcall	$28,460,000	–	1,000,000	–	1.33%	–
DB	New	DEUTSCHE BANK A Gnamen akt	$24,472,000	–	2,800,000	–	1.14%	–
FLR	New	FLUOR CORP NEW	$24,340,000	–	1,000,000	–	1.14%	–
RUN	New	SUNRUN INCcall	$23,360,000	–	1,000,000	–	1.09%	–
CRC	New	CALIFORNIA RES CORP	$23,100,000	–	600,000	–	1.08%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$23,055,000	–	1,500,000	–	1.08%	–
C	New	CITIGROUP INC	$22,995,000	–	500,000	–	1.08%	–
BCS	New	BARCLAYS PLCcall	$22,800,000	–	3,000,000	–	1.07%	–
F	New	FORD MTR CO DEL	$22,260,000	–	2,000,000	–	1.04%	–
GT	New	GOODYEAR TIRE & RUBR CO	$21,420,000	–	2,000,000	–	1.00%	–
AMZN	New	AMAZON COM INCput	$21,242,000	–	200,000	–	0.99%	–
SSRM	New	SSR MNG INC	$18,370,000	–	1,100,000	–	0.86%	–
M	New	MACYS INCcall	$18,320,000	–	1,000,000	–	0.86%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$17,660,000	–	2,000,000	–	0.83%	–
ERJ	New	EMBRAER S.A.sponsored ads	$17,560,000	–	2,000,000	–	0.82%	–
TLS	New	TELOS CORP MD	$16,564,000	–	2,050,000	–	0.77%	–
FTI	New	TECHNIPFMC PLC	$13,460,000	–	2,000,000	–	0.63%	–
RIG	New	TRANSOCEAN LTD	$13,320,000	–	4,000,000	–	0.62%	–
GSM	New	FERROGLOBE PLC	$12,474,000	–	2,100,000	–	0.58%	–
AOMR	New	ANGEL OAK MTG INC	$9,331,000	–	720,000	–	0.44%	–
GPRE	New	GREEN PLAINS INC	$8,151,000	–	300,000	–	0.38%	–
PBI	New	PITNEY BOWES INC	$7,602,000	–	2,100,000	–	0.36%	–
SENS	New	SENSEONICS HLDGS INC	$7,210,000	–	7,000,000	–	0.34%	–
RIG	New	TRANSOCEAN LTDcall	$6,660,000	–	2,000,000	–	0.31%	–
BWAY	New	BRAINSWAY LTDsponsored ads	$4,347,000	–	900,000	–	0.20%	–
PRTY	New	PARTY CITY HOLDCO INC	$3,960,000	–	3,000,000	–	0.18%	–
VIRI	New	VIRIOS THERAPEUTICS INC	$2,750,000	–	650,000	–	0.13%	–
SQNS	New	SEQUANS COMMUNICATIONS S Asponsored ads	$2,628,000	–	976,790	–	0.12%	–
VERO	New	VENUS CONCEPT INC	$2,319,000	–	5,000,000	–	0.11%	–
FTK	New	FLOTEK INDS INC DEL	$1,984,000	–	2,000,000	–	0.09%	–
GBNH	New	GREENBROOK TMS INC	$931,000	–	700,000	–	0.04%	–

Q4 2021

			Value		Shares		↓ Weighting
TMDI	Exit	TITAN MED INC	$0	–	-1,500,000	–	-0.09%	–
GBNH	Exit	GREENBROOK TMS INC	$0	–	-450,000	–	-0.14%	–
VIRI	Exit	VIRIOS THERAPEUTICS INC	$0	–	-650,000	–	-0.14%	–
VERO	Exit	VENUS CONCEPT INC	$0	–	-1,500,000	–	-0.16%	–
FTK	Exit	FLOTEK INDS INC DEL	$0	–	-3,000,000	–	-0.16%	–
SQNS	Exit	SEQUANS COMMUNICATIONS S Asponsored ads	$0	–	-1,000,000	–	-0.18%	–
OLN	Exit	OLIN CORP	$0	–	-100,000	–	-0.20%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-200,000	–	-0.23%	–
BWAY	Exit	BRAINSWAY LTDsponsored ads	$0	–	-843,900	–	-0.28%	–
GPRE	Exit	GREEN PLAINS INC	$0	–	-225,000	–	-0.30%	–
COTY	Exit	COTY INC	$0	–	-1,000,000	–	-0.32%	–
AOMR	Exit	ANGEL OAK MTG INC	$0	–	-500,000	–	-0.35%	–
AR	Exit	ANTERO RESOURCES CORP	$0	–	-500,000	–	-0.39%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-1,100,000	–	-0.40%	–
BB	Exit	BLACKBERRY LTDcall	$0	–	-1,000,000	–	-0.40%	–
ERJ	Exit	EMBRAER S.A.sponsored ads	$0	–	-600,000	–	-0.42%	–
BCS	Exit	BARCLAYS PLCcall	$0	–	-1,000,000	–	-0.43%	–
EAF	Exit	GRAFTECH INTL LTDcall	$0	–	-1,000,000	–	-0.43%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-3,000,000	–	-0.47%	–
FEYE	Exit	FIREEYE INC	$0	–	-750,000	–	-0.55%	–
VTRS	Exit	VIATRIS INC	$0	–	-1,000,000	–	-0.56%	–
PRTY	Exit	PARTY CITY HOLDCO INC	$0	–	-2,000,000	–	-0.59%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-2,000,000	–	-0.60%	–
SSRM	Exit	SSR MNG INC	$0	–	-1,000,000	–	-0.60%	–
GSM	Exit	FERROGLOBE PLC	$0	–	-1,810,932	–	-0.65%	–
FLR	Exit	FLUOR CORP NEWcall	$0	–	-1,000,000	–	-0.66%	–
ERJ	Exit	EMBRAER S.A.call	$0	–	-1,000,000	–	-0.70%	–
NCR	Exit	NCR CORP NEWcall	$0	–	-500,000	–	-0.80%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEWcall	$0	–	-1,000,000	–	-0.82%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-1,000,000	–	-0.82%	–
CRC	Exit	CALIFORNIA RES CORPcall	$0	–	-500,000	–	-0.85%	–
APA	Exit	APA CORPORATIONcall	$0	–	-1,000,000	–	-0.88%	–
CCJ	Exit	CAMECO CORPcall	$0	–	-1,000,000	–	-0.90%	–
X	Exit	UNITED STATES STL CORP NEWcall	$0	–	-1,000,000	–	-0.91%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-3,000,000	–	-0.93%	–
NCR	Exit	NCR CORP NEW	$0	–	-600,000	–	-0.96%	–
SENS	Exit	SENSEONICS HLDGS INC	$0	–	-7,000,000	–	-0.98%	–
DB	Exit	DEUTSCHE BANK A Gnamen akt	$0	–	-2,000,000	–	-1.05%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-2,000,000	–	-1.07%	–
VTRS	Exit	VIATRIS INCcall	$0	–	-2,000,000	–	-1.12%	–
DBI	Exit	DESIGNER BRANDS INCcl a	$0	–	-2,005,000	–	-1.15%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-300,000	–	-1.18%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-500,000	–	-1.22%	–
TLS	Exit	TELOS CORP MD	$0	–	-1,058,100	–	-1.24%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-1,000,000	–	-1.34%	–
FCX	Exit	FREEPORT-MCMORAN INCcall	$0	–	-1,000,000	–	-1.34%	–
AA	Exit	ALCOA CORP	$0	–	-700,000	–	-1.41%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-500,000	–	-1.44%	–
DB	Exit	DEUTSCHE BANK A Gcall	$0	–	-3,000,000	–	-1.57%	–
NOV	Exit	NOV INC	$0	–	-3,000,000	–	-1.62%	–
IGV	Exit	ISHARES TRput	$0	–	-100,000	–	-1.65%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-4,000,000	–	-1.70%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-600,000	–	-1.73%	–
PFE	Exit	PFIZER INCcall	$0	–	-1,000,000	–	-1.78%	–
ORCL	Exit	ORACLE CORPcall	$0	–	-500,000	–	-1.80%	–
BHF	Exit	BRIGHTHOUSE FINL INCcall	$0	–	-1,012,000	–	-1.89%	–
AA	Exit	ALCOA CORPcall	$0	–	-1,000,000	–	-2.02%	–
TECK	Exit	TECK RESOURCES LTDcall	$0	–	-2,000,000	–	-2.06%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROcall	$0	–	-5,000,000	–	-2.13%	–
DOW	Exit	DOW INCcall	$0	–	-1,000,000	–	-2.38%	–
SLB	Exit	SCHLUMBERGER LTDcall	$0	–	-2,000,000	–	-2.45%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-2,000,000	–	-3.52%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-600,000	–	-3.67%	–
UAL	Exit	UNITED AIRLS HLDGS INCcall	$0	–	-2,000,000	–	-3.93%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-2,000,000	–	-4.35%	–
INTC	Exit	INTEL CORPcall	$0	–	-2,000,000	–	-4.40%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHScall	$0	–	-2,000,000	–	-10.96%	–
C	Exit	CITIGROUP INCcall	$0	–	-4,000,000	–	-11.59%	–

Q3 2021

			Value		Shares		↓ Weighting
INTC	Buy	INTEL CORPcall	$106,560,000	+89.8%	2,000,000	+100.0%	4.40%	+165.5%
GM	Buy	GENERAL MTRS COcall	$105,420,000	+78.2%	2,000,000	+100.0%	4.35%	+149.3%
UAL	Buy	UNITED AIRLS HLDGS INCcall	$95,140,000	+21.3%	2,000,000	+33.3%	3.93%	+69.7%
BABA	New	ALIBABA GROUP HLDG LTDcall	$88,830,000	–	600,000	–	3.67%	–
DOW	New	DOW INCcall	$57,560,000	–	1,000,000	–	2.38%	–
PBR	New	PETROLEO BRASILEIRO SA PETROcall	$51,700,000	–	5,000,000	–	2.13%	–
TECK	New	TECK RESOURCES LTDcall	$49,820,000	–	2,000,000	–	2.06%	–
AA	Sell	ALCOA CORPcall	$48,940,000	-33.6%	1,000,000	-50.0%	2.02%	-7.0%
BHF	Buy	BRIGHTHOUSE FINL INCcall	$45,773,000	+0.5%	1,012,000	+1.2%	1.89%	+40.6%
PFE	New	PFIZER INCcall	$43,010,000	–	1,000,000	–	1.78%	–
GILD	Sell	GILEAD SCIENCES INC	$41,910,000	-39.1%	600,000	-40.0%	1.73%	-14.9%
IGV	New	ISHARES TRput	$39,914,000	–	100,000	–	1.65%	–
NOV	Buy	NOV INC	$39,330,000	+11.6%	3,000,000	+30.4%	1.62%	+56.2%
DB	Sell	DEUTSCHE BANK A Gcall	$38,100,000	-41.7%	3,000,000	-40.0%	1.57%	-18.5%
GILD	New	GILEAD SCIENCES INCcall	$34,925,000	–	500,000	–	1.44%	–
AA	Sell	ALCOA CORP	$34,258,000	-7.0%	700,000	-30.0%	1.41%	+30.1%
FCX	Sell	FREEPORT-MCMORAN INCcall	$32,530,000	-56.2%	1,000,000	-50.0%	1.34%	-38.7%
TLS	Buy	TELOS CORP MD	$30,071,000	-11.6%	1,058,100	+5.8%	1.24%	+23.7%
BMY	New	BRISTOL-MYERS SQUIBB CO	$29,585,000	–	500,000	–	1.22%	–
FSLR	Sell	FIRST SOLAR INCcall	$28,638,000	-36.7%	300,000	-40.0%	1.18%	-11.5%
DBI	Buy	DESIGNER BRANDS INCcl a	$27,930,000	+20.5%	2,005,000	+43.2%	1.15%	+68.6%
LGFB	Buy	LIONS GATE ENTMNT CORPcl b non vtg	$26,000,000	+42.1%	2,000,000	+100.0%	1.07%	+98.7%
FTI	Buy	TECHNIPFMC PLC	$22,590,000	+24.8%	3,000,000	+50.0%	0.93%	+74.7%
X	New	UNITED STATES STL CORP NEWcall	$21,970,000	–	1,000,000	–	0.91%	–
APA	Sell	APA CORPORATIONcall	$21,430,000	-50.5%	1,000,000	-50.0%	0.88%	-30.7%
CRC	New	CALIFORNIA RES CORPcall	$20,500,000	–	500,000	–	0.85%	–
CLF	Sell	CLEVELAND-CLIFFS INC NEW	$19,810,000	-16.5%	1,000,000	-9.1%	0.82%	+16.9%
ERJ	New	EMBRAER S.A.call	$17,000,000	–	1,000,000	–	0.70%	–
FLR	New	FLUOR CORP NEWcall	$15,970,000	–	1,000,000	–	0.66%	–
GSM	Sell	FERROGLOBE PLC	$15,755,000	+28.7%	1,810,932	-9.5%	0.65%	+80.1%
SSRM	Buy	SSR MNG INC	$14,550,000	+16.7%	1,000,000	+25.0%	0.60%	+63.3%
PRTY	Buy	PARTY CITY HOLDCO INC	$14,200,000	+52.2%	2,000,000	+100.0%	0.59%	+113.1%
VTRS	Sell	VIATRIS INC	$13,550,000	-13.8%	1,000,000	-9.1%	0.56%	+20.5%
FEYE	Sell	FIREEYE INC	$13,350,000	-34.0%	750,000	-25.0%	0.55%	-7.7%
BCS	Sell	BARCLAYS PLCcall	$10,320,000	-46.5%	1,000,000	-50.0%	0.43%	-25.3%
ERJ	Sell	EMBRAER S.A.sponsored ads	$10,200,000	-41.4%	600,000	-47.8%	0.42%	-18.1%
BB	New	BLACKBERRY LTDcall	$9,730,000	–	1,000,000	–	0.40%	–
NPTN	Buy	NEOPHOTONICS CORP	$9,581,000	-6.2%	1,100,000	+10.0%	0.40%	+31.6%
AR	New	ANTERO RESOURCES CORP	$9,405,000	–	500,000	–	0.39%	–
COTY	New	COTY INC	$7,860,000	–	1,000,000	–	0.32%	–
GPRE	New	GREEN PLAINS INC	$7,346,000	–	225,000	–	0.30%	–
BWAY	Buy	BRAINSWAY LTDsponsored ads	$6,802,000	+29.5%	843,900	+63.9%	0.28%	+81.3%
HP	New	HELMERICH & PAYNE INC	$5,482,000	–	200,000	–	0.23%	–
OLN	New	OLIN CORP	$4,825,000	–	100,000	–	0.20%	–
VIRI	Buy	VIRIOS THERAPEUTICS INC	$3,439,000	-8.9%	650,000	+8.3%	0.14%	+27.9%
GBNH	Buy	GREENBROOK TMS INC	$3,339,000	+10.4%	450,000	+80.0%	0.14%	+55.1%
TMDI	Buy	TITAN MED INC	$2,280,000	+33.3%	1,500,000	+50.0%	0.09%	+88.0%
CXM	Exit	SPRINKLR INCcl a	$0	–	-50,000	–	-0.03%	–
DIDI	Exit	DIDI GLOBAL INCsponsored ads	$0	–	-250,000	–	-0.10%	–
TTI	Exit	TETRA TECHNOLOGIES INC DEL	$0	–	-1,000,000	–	-0.13%	–
BHF	Exit	BRIGHTHOUSE FINL INC	$0	–	-100,000	–	-0.13%	–
RIG	Exit	TRANSOCEAN LTDcall	$0	–	-2,000,000	–	-0.27%	–
CALX	Exit	CALIX INCcall	$0	–	-200,000	–	-0.28%	–
EAF	Exit	GRAFTECH INTL LTD	$0	–	-1,000,000	–	-0.34%	–
CCJ	Exit	CAMECO CORP	$0	–	-700,000	–	-0.40%	–
FEYE	Exit	FIREEYE INCcall	$0	–	-1,000,000	–	-0.60%	–
PHM	Exit	PULTE GROUP INCcall	$0	–	-500,000	–	-0.80%	–
MGA	Exit	MAGNA INTL INCcall	$0	–	-500,000	–	-1.37%	–
UPS	Exit	UNITED PARCEL SERVICE INCcall	$0	–	-400,000	–	-2.46%	–
RIO	Exit	RIO TINTO PLCcall	$0	–	-1,000,000	–	-2.48%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-2,000,000	–	-2.67%	–
ABBV	Exit	ABBVIE INCcall	$0	–	-1,000,000	–	-3.32%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-2,000,000	–	-25.26%	–

Q2 2021

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$856,120,000	–	2,000,000	–	25.26%	–
IBM	New	INTERNATIONAL BUSINESS MACHScall	$293,180,000	–	2,000,000	–	8.65%	–
C	New	CITIGROUP INCcall	$283,000,000	–	4,000,000	–	8.35%	–
ABBV	New	ABBVIE INCcall	$112,640,000	–	1,000,000	–	3.32%	–
WFC	New	WELLS FARGO CO NEWcall	$90,580,000	–	2,000,000	–	2.67%	–
DAL	New	DELTA AIR LINES INC DELcall	$86,520,000	–	2,000,000	–	2.55%	–
RIO	New	RIO TINTO PLCcall	$83,890,000	–	1,000,000	–	2.48%	–
UPS	New	UNITED PARCEL SERVICE INCcall	$83,188,000	–	400,000	–	2.46%	–
UAL	New	UNITED AIRLS HLDGS INCcall	$78,435,000	–	1,500,000	–	2.32%	–
FCX	New	FREEPORT-MCMORAN INCcall	$74,220,000	–	2,000,000	–	2.19%	–
AA	New	ALCOA CORPcall	$73,680,000	–	2,000,000	–	2.17%	–
GILD	New	GILEAD SCIENCES INC	$68,860,000	–	1,000,000	–	2.03%	–
DB	New	DEUTSCHE BANK A Gcall	$65,400,000	–	5,000,000	–	1.93%	–
SLB	New	SCHLUMBERGER LTDcall	$64,020,000	–	2,000,000	–	1.89%	–
GM	New	GENERAL MTRS COcall	$59,170,000	–	1,000,000	–	1.75%	–
INTC	New	INTEL CORPcall	$56,140,000	–	1,000,000	–	1.66%	–
MGA	New	MAGNA INTL INCcall	$46,320,000	–	500,000	–	1.37%	–
BHF	New	BRIGHTHOUSE FINL INCcall	$45,540,000	–	1,000,000	–	1.34%	–
FSLR	New	FIRST SOLAR INCcall	$45,255,000	–	500,000	–	1.34%	–
APA	New	APA CORPORATIONcall	$43,260,000	–	2,000,000	–	1.28%	–
ORCL	New	ORACLE CORPcall	$38,920,000	–	500,000	–	1.15%	–
BCS	New	BARCLAYS PLCadr	$38,600,000	–	4,000,000	–	1.14%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$37,110,000	–	1,000,000	–	1.10%	–
AA	New	ALCOA CORP	$36,840,000	–	1,000,000	–	1.09%	–
NOV	New	NOV INC	$35,236,000	–	2,300,000	–	1.04%	–
TLS	New	TELOS CORP MD	$34,010,000	–	1,000,000	–	1.00%	–
VTRS	New	VIATRIS INCcall	$28,580,000	–	2,000,000	–	0.84%	–
NCR	New	NCR CORP NEW	$27,366,000	–	600,000	–	0.81%	–
PHM	New	PULTE GROUP INCcall	$27,285,000	–	500,000	–	0.80%	–
SENS	New	SENSEONICS HLDGS INC	$26,880,000	–	7,000,000	–	0.79%	–
DB	New	DEUTSCHE BANK A Gnamen akt	$26,160,000	–	2,000,000	–	0.77%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$23,716,000	–	1,100,000	–	0.70%	–
DBI	New	DESIGNER BRANDS INCcl a	$23,170,000	–	1,400,000	–	0.68%	–
NCR	New	NCR CORP NEWcall	$22,805,000	–	500,000	–	0.67%	–
CLF	New	CLEVELAND-CLIFFS INC NEWcall	$21,560,000	–	1,000,000	–	0.64%	–
FEYE	New	FIREEYE INC	$20,220,000	–	1,000,000	–	0.60%	–
FEYE	New	FIREEYE INCcall	$20,220,000	–	1,000,000	–	0.60%	–
BCS	New	BARCLAYS PLCcall	$19,300,000	–	2,000,000	–	0.57%	–
CCJ	New	CAMECO CORPcall	$19,180,000	–	1,000,000	–	0.57%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$18,300,000	–	1,000,000	–	0.54%	–
FTI	New	TECHNIPFMC PLC	$18,100,000	–	2,000,000	–	0.53%	–
PBI	New	PITNEY BOWES INC	$17,540,000	–	2,000,000	–	0.52%	–
ERJ	New	EMBRAER S.A.sponsored ads	$17,411,000	–	1,150,000	–	0.51%	–
VTRS	New	VIATRIS INC	$15,719,000	–	1,100,000	–	0.46%	–
RIG	New	TRANSOCEAN LTD	$13,560,000	–	3,000,000	–	0.40%	–
CCJ	New	CAMECO CORP	$13,426,000	–	700,000	–	0.40%	–
SSRM	New	SSR MNG INC	$12,472,000	–	800,000	–	0.37%	–
GSM	New	FERROGLOBE PLC	$12,240,000	–	2,000,000	–	0.36%	–
EAF	New	GRAFTECH INTL LTD	$11,620,000	–	1,000,000	–	0.34%	–
EAF	New	GRAFTECH INTL LTDcall	$11,620,000	–	1,000,000	–	0.34%	–
NPTN	New	NEOPHOTONICS CORP	$10,210,000	–	1,000,000	–	0.30%	–
CALX	New	CALIX INCcall	$9,500,000	–	200,000	–	0.28%	–
PRTY	New	PARTY CITY HOLDCO INC	$9,330,000	–	1,000,000	–	0.28%	–
RIG	New	TRANSOCEAN LTDcall	$9,040,000	–	2,000,000	–	0.27%	–
AOMR	New	ANGEL OAK MTG INC	$8,935,000	–	500,000	–	0.26%	–
SQNS	New	SEQUANS COMMUNICATIONS S Asponsored ads	$6,020,000	–	1,000,000	–	0.18%	–
BWAY	New	BRAINSWAY LTDsponsored ads	$5,252,000	–	514,893	–	0.16%	–
FTK	New	FLOTEK INDS INC DEL	$5,190,000	–	3,000,000	–	0.15%	–
VERO	New	VENUS CONCEPT INC	$4,665,000	–	1,500,000	–	0.14%	–
BHF	New	BRIGHTHOUSE FINL INC	$4,554,000	–	100,000	–	0.13%	–
TTI	New	TETRA TECHNOLOGIES INC DEL	$4,340,000	–	1,000,000	–	0.13%	–
VIRI	New	VIRIOS THERAPEUTICS INC	$3,774,000	–	600,000	–	0.11%	–
DIDI	New	DIDI GLOBAL INCsponsored ads	$3,535,000	–	250,000	–	0.10%	–
GBNH	New	GREENBROOK TMS INC	$3,025,000	–	250,000	–	0.09%	–
TMDI	New	TITAN MED INC	$1,710,000	–	1,000,000	–	0.05%	–
CXM	New	SPRINKLR INCcl a	$1,030,000	–	50,000	–	0.03%	–

Q4 2020

			Value		Shares		↓ Weighting
	Exit	TRANSENTERIX INC	$0	–	-900,000	–	-0.02%	–
SENS	Exit	SENSEONICS HLDGS INC	$0	–	-2,000,000	–	-0.05%	–
PLTR	Exit	PALANTIR TECHNOLOGIES INCcl a	$0	–	-100,000	–	-0.06%	–
TMDI	Exit	TITAN MED INC	$0	–	-1,500,000	–	-0.07%	–
CALX	Exit	CALIX INCcall	$0	–	-250,000	–	-0.30%	–
INSG	Exit	INSEEGO CORP	$0	–	-500,000	–	-0.34%	–
F	Exit	FORD MTR CO DELcall	$0	–	-1,000,000	–	-0.44%	–
FTK	Exit	FLOTEK INDS INC DEL	$0	–	-2,500,000	–	-0.45%	–
REAL	Exit	THE REALREAL INC	$0	–	-500,000	–	-0.48%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-1,200,000	–	-0.49%	–
GT	Exit	GOODYEAR TIRE & RUBR COcall	$0	–	-1,000,000	–	-0.51%	–
GOSS	Exit	GOSSAMER BIO INC	$0	–	-700,000	–	-0.58%	–
CALX	Exit	CALIX INC	$0	–	-500,000	–	-0.59%	–
APA	Exit	APACHE CORPcall	$0	–	-1,000,000	–	-0.63%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-1,000,000	–	-0.68%	–
DBI	Exit	DESIGNER BRANDS INCcl a	$0	–	-2,000,000	–	-0.72%	–
BBBY	Exit	BED BATH & BEYOND INCput	$0	–	-750,000	–	-0.75%	–
AA	Exit	ALCOA CORPcall	$0	–	-1,000,000	–	-0.77%	–
VIAC	Exit	VIACOMCBS INCcall	$0	–	-500,000	–	-0.93%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-500,000	–	-1.02%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-1,000,000	–	-1.04%	–
ADNT	Exit	ADIENT PLC	$0	–	-1,000,000	–	-1.15%	–
APA	Exit	APACHE CORP	$0	–	-2,000,000	–	-1.26%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEWcall	$0	–	-3,000,000	–	-1.28%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcall	$0	–	-475,000	–	-1.29%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-2,000,000	–	-1.33%	–
F	Exit	FORD MTR CO DEL	$0	–	-3,000,000	–	-1.33%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-4,000,000	–	-1.33%	–
AA	Exit	ALCOA CORP	$0	–	-2,000,000	–	-1.55%	–
FCX	Exit	FREEPORT-MCMORAN INCcall	$0	–	-1,500,000	–	-1.56%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-1,500,000	–	-1.56%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-500,000	–	-1.56%	–
BAC	Exit	BK OF AMERICA CORPcall	$0	–	-1,000,000	–	-1.60%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-800,000	–	-1.63%	–
SPG	Exit	SIMON PPTY GROUP INC NEWcall	$0	–	-400,000	–	-1.72%	–
TECK	Exit	TECK RESOURCES LTDcall	$0	–	-2,000,000	–	-1.85%	–
LPX	Exit	LOUISIANA PAC CORPcall	$0	–	-1,000,000	–	-1.96%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-2,000,000	–	-1.99%	–
GLW	Exit	CORNING INCcall	$0	–	-1,000,000	–	-2.16%	–
UAL	Exit	UNITED AIRLS HLDGS INCcall	$0	–	-950,000	–	-2.20%	–
DB	Exit	DEUTSCHE BANK A Gcall	$0	–	-4,000,000	–	-2.24%	–
MMM	Exit	3M COcall	$0	–	-300,000	–	-3.20%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-2,000,000	–	-3.94%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-1,000,000	–	-4.40%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-3,000,000	–	-4.69%	–
MRK	Exit	MERCK & CO. INCcall	$0	–	-1,000,000	–	-5.52%	–
UPS	Exit	UNITED PARCEL SERVICE INCcall	$0	–	-650,000	–	-7.20%	–
C	Exit	CITIGROUP INCcall	$0	–	-2,993,000	–	-8.58%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-500,000	–	-9.24%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-500,000	–	-9.78%	–

Q3 2020

			Value		Shares		↓ Weighting
BABA	New	ALIBABA GROUP HLDG LTDcall	$146,990,000	–	500,000	–	9.78%	–
QQQ	New	INVESCO QQQ TRput	$138,920,000	–	500,000	–	9.24%	–
C	Buy	CITIGROUP INCcall	$129,028,000	+57.8%	2,993,000	+87.1%	8.58%	-7.1%
UPS	New	UNITED PARCEL SERVICE INCcall	$108,310,000	–	650,000	–	7.20%	–
MRK	New	MERCK & CO. INCcall	$82,950,000	–	1,000,000	–	5.52%	–
WFC	Buy	WELLS FARGO CO NEWcall	$70,530,000	+37.8%	3,000,000	+50.0%	4.69%	-18.9%
FSLR	New	FIRST SOLAR INCcall	$66,200,000	–	1,000,000	–	4.40%	–
GM	Buy	GENERAL MTRS COcall	$59,180,000	+17.1%	2,000,000	+0.1%	3.94%	-31.1%
MMM	New	3M COcall	$48,054,000	–	300,000	–	3.20%	–
DB	Buy	DEUTSCHE BANK A Gcall	$33,600,000	+14.4%	4,000,000	+29.6%	2.24%	-32.7%
UAL	Sell	UNITED AIRLS HLDGS INCcall	$33,013,000	-4.6%	950,000	-5.0%	2.20%	-43.8%
GLW	New	CORNING INCcall	$32,410,000	–	1,000,000	–	2.16%	–
LPX	Buy	LOUISIANA PAC CORPcall	$29,510,000	+90.2%	1,000,000	+65.3%	1.96%	+12.0%
SPG	New	SIMON PPTY GROUP INC NEWcall	$25,872,000	–	400,000	–	1.72%	–
DAL	Sell	DELTA AIR LINES INC DEL	$24,464,000	-12.8%	800,000	-20.0%	1.63%	-48.7%
BAC	Sell	BK OF AMERICA CORPcall	$24,090,000	-49.3%	1,000,000	-50.0%	1.60%	-70.2%
MU	New	MICRON TECHNOLOGY INCcall	$23,480,000	–	500,000	–	1.56%	–
FCX	Sell	FREEPORT-MCMORAN INCcl b	$23,460,000	+6.7%	1,500,000	-21.1%	1.56%	-37.2%
FCX	Sell	FREEPORT-MCMORAN INCcall	$23,460,000	+3.6%	1,500,000	-23.4%	1.56%	-39.0%
AA	Buy	ALCOA CORP	$23,260,000	+8.1%	2,000,000	+4.4%	1.55%	-36.4%
F	New	FORD MTR CO DEL	$19,980,000	–	3,000,000	–	1.33%	–
CS	Buy	CREDIT SUISSE GROUPcall	$19,940,000	+93.4%	2,000,000	+100.0%	1.33%	+13.8%
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcall	$19,333,000	–	475,000	–	1.29%	–
CLF	Buy	CLEVELAND-CLIFFS INC NEWcall	$19,260,000	+248.9%	3,000,000	+200.0%	1.28%	+105.3%
APA	Buy	APACHE CORP	$18,940,000	+40.3%	2,000,000	+100.0%	1.26%	-17.4%
ADNT	Sell	ADIENT PLC	$17,330,000	-12.0%	1,000,000	-16.7%	1.15%	-48.2%
VIAC	New	VIACOMCBS INCcall	$14,005,000	–	500,000	–	0.93%	–
BBBY	New	BED BATH & BEYOND INCput	$11,235,000	–	750,000	–	0.75%	–
DBI	Buy	DESIGNER BRANDS INCcl a	$10,860,000	+6.9%	2,000,000	+33.3%	0.72%	-37.1%
GME	New	GAMESTOP CORP NEWcl a	$10,200,000	–	1,000,000	–	0.68%	–
APA	New	APACHE CORPcall	$9,470,000	–	1,000,000	–	0.63%	–
CALX	New	CALIX INC	$8,890,000	–	500,000	–	0.59%	–
GOSS	Buy	GOSSAMER BIO INC	$8,687,000	+11.4%	700,000	+16.7%	0.58%	-34.4%
GT	Sell	GOODYEAR TIRE & RUBR COcall	$7,670,000	-57.1%	1,000,000	-50.0%	0.51%	-74.8%
NPTN	Buy	NEOPHOTONICS CORP	$7,308,000	-17.7%	1,200,000	+20.0%	0.49%	-51.5%
REAL	Sell	THE REALREAL INC	$7,235,000	-37.1%	500,000	-44.4%	0.48%	-63.0%
FTK	Buy	FLOTEK INDS INC DEL	$6,775,000	+163.6%	2,500,000	+16.7%	0.45%	+55.5%
F	New	FORD MTR CO DELcall	$6,660,000	–	1,000,000	–	0.44%	–
INSG	New	INSEEGO CORP	$5,160,000	–	500,000	–	0.34%	–
CALX	New	CALIX INCcall	$4,445,000	–	250,000	–	0.30%	–
PLTR	New	PALANTIR TECHNOLOGIES INCcl a	$950,000	–	100,000	–	0.06%	–
ADNT	Exit	ADIENT PLCcall	$0	–	-100,000	–	-0.19%	–
WRK	Exit	WESTROCK CO	$0	–	-100,000	–	-0.32%	–
PBF	Exit	PBF ENERGY INCcall	$0	–	-299,000	–	-0.35%	–
CLF	Exit	CLEVELAND CLIFFS INC	$0	–	-1,000,000	–	-0.62%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-5,000,000	–	-1.03%	–
NG	Exit	NOVAGOLD RES INCcall	$0	–	-1,000,000	–	-1.04%	–
AXP	Exit	AMERICAN EXPRESS COcall	$0	–	-100,000	–	-1.08%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-959,000	–	-1.12%	–
LPX	Exit	LOUISIANA PAC CORP	$0	–	-400,000	–	-1.16%	–
TWTR	Exit	TWITTER INCcall	$0	–	-500,000	–	-1.68%	–
GE	Exit	GENERAL ELECTRIC COcall	$0	–	-2,670,000	–	-2.06%	–
PHM	Exit	PULTE GROUP INCcall	$0	–	-600,000	–	-2.31%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COcall	$0	–	-600,000	–	-3.99%	–
PSX	Exit	PHILLIPS 66call	$0	–	-500,000	–	-4.06%	–
MET	Exit	METLIFE INCcall	$0	–	-1,000,000	–	-4.13%	–
XLNX	Exit	XILINX INCcall	$0	–	-400,000	–	-4.45%	–

Q2 2020

			Value		Shares		↓ Weighting
C	New	CITIGROUP INCcall	$81,760,000	–	1,600,000	–	9.24%	–
WFC	New	WELLS FARGO CO NEWcall	$51,200,000	–	2,000,000	–	5.78%	–
GM	New	GENERAL MTRS COcall	$50,532,000	–	1,997,300	–	5.71%	–
BAC	New	BK OF AMERICA CORPcall	$47,500,000	–	2,000,000	–	5.37%	–
XLNX	New	XILINX INCcall	$39,356,000	–	400,000	–	4.45%	–
MET	New	METLIFE INCcall	$36,520,000	–	1,000,000	–	4.13%	–
PSX	New	PHILLIPS 66call	$35,950,000	–	500,000	–	4.06%	–
BMY	New	BRISTOL-MYERS SQUIBB COcall	$35,280,000	–	600,000	–	3.99%	–
UAL	New	UNITED AIRLS HLDGS INCcall	$34,610,000	–	1,000,000	–	3.91%	–
DB	New	DEUTSCHE BANK A Gcall	$29,378,000	–	3,086,000	–	3.32%	–
DAL	New	DELTA AIR LINES INC DEL	$28,050,000	–	1,000,000	–	3.17%	–
FCX	New	FREEPORT-MCMORAN INCcall	$22,642,000	–	1,957,000	–	2.56%	–
BCS	New	BARCLAYS PLCadr	$22,640,000	–	4,000,000	–	2.56%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$21,983,000	–	1,900,000	–	2.48%	–
AA	New	ALCOA CORP	$21,525,000	–	1,915,000	–	2.43%	–
BBBY	New	BED BATH & BEYOND INC	$21,200,000	–	2,000,000	–	2.40%	–
TECK	New	TECK RESOURCES LTDcall	$20,840,000	–	2,000,000	–	2.36%	–
PHM	New	PULTE GROUP INCcall	$20,418,000	–	600,000	–	2.31%	–
ADNT	New	ADIENT PLC	$19,704,000	–	1,200,000	–	2.23%	–
SLB	New	SCHLUMBERGER LTD	$18,390,000	–	1,000,000	–	2.08%	–
GE	New	GENERAL ELECTRIC COcall	$18,237,000	–	2,670,000	–	2.06%	–
GT	New	GOODYEAR TIRE & RUBR COcall	$17,890,000	–	2,000,000	–	2.02%	–
LPX	New	LOUISIANA PAC CORPcall	$15,518,000	–	605,000	–	1.75%	–
TWTR	New	TWITTER INCcall	$14,895,000	–	500,000	–	1.68%	–
DAL	New	DELTA AIR LINES INC DELcall	$14,025,000	–	500,000	–	1.58%	–
APA	New	APACHE CORP	$13,500,000	–	1,000,000	–	1.52%	–
REAL	New	THE REALREAL INC	$11,511,000	–	900,000	–	1.30%	–
AA	New	ALCOA CORPcall	$11,240,000	–	1,000,000	–	1.27%	–
CS	New	CREDIT SUISSE GROUPcall	$10,310,000	–	1,000,000	–	1.16%	–
LPX	New	LOUISIANA PAC CORP	$10,260,000	–	400,000	–	1.16%	–
DBI	New	DESIGNER BRANDS INCcl a	$10,155,000	–	1,500,000	–	1.15%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$9,887,000	–	959,000	–	1.12%	–
AXP	New	AMERICAN EXPRESS COcall	$9,520,000	–	100,000	–	1.08%	–
NG	New	NOVAGOLD RES INCcall	$9,180,000	–	1,000,000	–	1.04%	–
RIG	New	TRANSOCEAN LTD	$9,150,000	–	5,000,000	–	1.03%	–
NPTN	New	NEOPHOTONICS CORP	$8,880,000	–	1,000,000	–	1.00%	–
GOSS	New	GOSSAMER BIO INC	$7,800,000	–	600,000	–	0.88%	–
CLF	New	CLEVELAND CLIFFS INCcall	$5,520,000	–	1,000,000	–	0.62%	–
CLF	New	CLEVELAND CLIFFS INC	$5,520,000	–	1,000,000	–	0.62%	–
PBF	New	PBF ENERGY INCcall	$3,062,000	–	299,000	–	0.35%	–
WRK	New	WESTROCK CO	$2,826,000	–	100,000	–	0.32%	–
FTK	New	FLOTEK INDS INC DEL	$2,570,000	–	2,141,719	–	0.29%	–
ADNT	New	ADIENT PLCcall	$1,642,000	–	100,000	–	0.19%	–
TMDI	New	TITAN MED INC	$1,253,000	–	1,500,000	–	0.14%	–
SENS	New	SENSEONICS HLDGS INC	$780,000	–	2,000,000	–	0.09%	–
	New	TRANSENTERIX INC	$487,000	–	900,000	–	0.06%	–

Q4 2019

			Value		Shares		↓ Weighting
TMDI	Exit	TITAN MED INC	$0	–	-1,172,440	–	-0.08%	–
TRXC	Exit	TRANSENTERIX INC	$0	–	-3,522,487	–	-0.13%	–
CVRS	Exit	CORINDUS VASCULAR ROBOTICS I	$0	–	-550,000	–	-0.14%	–
KR	Exit	KROGER CO	$0	–	-100,000	–	-0.15%	–
RIG	Exit	TRANSOCEAN LTDcall	$0	–	-1,212,400	–	-0.32%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-200,000	–	-0.33%	–
SCWX	Exit	SECUREWORKS CORPcl a	$0	–	-468,950	–	-0.36%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-100,000	–	-0.38%	–
LTHM	Exit	LIVENT CORP	$0	–	-1,000,000	–	-0.40%	–
ADNT	Exit	ADIENT PLC	$0	–	-306,700	–	-0.42%	–
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-1,000,000	–	-0.48%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-1,500,537	–	-0.54%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-94,730	–	-0.62%	–
WORK	Exit	SLACK TECHNOLOGIES INCput	$0	–	-500,000	–	-0.71%	–
DBI	Exit	DESIGNER BRANDS INCcl a	$0	–	-700,000	–	-0.71%	–
LPX	Exit	LOUISIANA PAC CORPcall	$0	–	-500,000	–	-0.73%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLCput	$0	–	-1,000,000	–	-0.80%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLC	$0	–	-1,000,000	–	-0.80%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-3,001,000	–	-0.80%	–
CLF	Exit	CLEVELAND CLIFFS INCcall	$0	–	-1,900,000	–	-0.81%	–
GT	Exit	GOODYEAR TIRE & RUBR COcall	$0	–	-1,000,000	–	-0.86%	–
GT	Exit	GOODYEAR TIRE & RUBR CO	$0	–	-1,000,000	–	-0.86%	–
CRCQQ	Exit	CALIFORNIA RES CORP	$0	–	-1,476,615	–	-0.90%	–
CLF	Exit	CLEVELAND CLIFFS INC	$0	–	-2,100,000	–	-0.90%	–
DISH	Exit	DISH NETWORK CORPcall	$0	–	-500,000	–	-1.01%	–
F	Exit	FORD MTR CO DELcall	$0	–	-1,877,000	–	-1.02%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-1,500,000	–	-1.09%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-2,000,166	–	-1.14%	–
SAN	Exit	BANCO SANTANDER SAadr	$0	–	-5,000,000	–	-1.20%	–
DOW	Exit	DOW INCcall	$0	–	-440,000	–	-1.25%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-3,000,000	–	-1.34%	–
LRCX	Exit	LAM RESEARCH CORPput	$0	–	-100,000	–	-1.38%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-400,000	–	-1.38%	–
TSLA	Exit	TESLA INCcall	$0	–	-100,000	–	-1.43%	–
TEAM	Exit	ATLASSIAN CORP PLCput	$0	–	-200,000	–	-1.49%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-500,000	–	-1.50%	–
DELL	Exit	DELL TECHNOLOGIES INCcall	$0	–	-500,000	–	-1.54%	–
FEYE	Exit	FIREEYE INCcall	$0	–	-2,000,000	–	-1.59%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-1,000,000	–	-1.60%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,000,000	–	-1.60%	–
GLW	Exit	CORNING INCcall	$0	–	-1,000,000	–	-1.70%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-500,000	–	-1.71%	–
ESS	Exit	ESSEX PPTY TR INCput	$0	–	-100,000	–	-1.94%	–
CPRI	Exit	CAPRI HOLDINGS LIMITEDcall	$0	–	-1,000,000	–	-1.97%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-700,000	–	-2.42%	–
MDT	Exit	MEDTRONIC PLCcall	$0	–	-400,000	–	-2.58%	–
INTC	Exit	INTEL CORPcall	$0	–	-1,000,000	–	-3.06%	–
EQIX	Exit	EQUINIX INCput	$0	–	-100,000	–	-3.43%	–
SMH	Exit	VANECK VECTORS ETF TRput	$0	–	-500,000	–	-3.54%	–
PG	Exit	PROCTER & GAMBLE COput	$0	–	-500,000	–	-3.70%	–
CVS	Exit	CVS HEALTH CORPcall	$0	–	-1,000,000	–	-3.75%	–
C	Exit	CITIGROUP INCcall	$0	–	-1,000,000	–	-4.11%	–
T	Exit	AT&T INCcall	$0	–	-1,876,000	–	-4.22%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-2,000,000	–	-4.46%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-500,000	–	-5.62%	–
TLT	Exit	ISHARES TRput	$0	–	-2,000,000	–	-17.02%	–

Q3 2019

			Value		Shares		↓ Weighting
QQQ	New	INVESCO QQQ TRput	$94,405,000	–	500,000	–	5.62%	–
GM	Buy	GENERAL MTRS COcall	$74,960,000	+224.2%	2,000,000	+233.3%	4.46%	+295.2%
T	Sell	AT&T INCcall	$70,988,000	+5.9%	1,876,000	-6.2%	4.22%	+29.2%
CVS	New	CVS HEALTH CORPcall	$63,070,000	–	1,000,000	–	3.75%	–
PG	New	PROCTER & GAMBLE COput	$62,190,000	–	500,000	–	3.70%	–
SMH	New	VANECK VECTORS ETF TRput	$59,565,000	–	500,000	–	3.54%	–
EQIX	New	EQUINIX INCput	$57,680,000	–	100,000	–	3.43%	–
INTC	New	INTEL CORPcall	$51,530,000	–	1,000,000	–	3.06%	–
MDT	New	MEDTRONIC PLCcall	$43,448,000	–	400,000	–	2.58%	–
FSLR	Buy	FIRST SOLAR INCcall	$40,607,000	+106.1%	700,000	+133.3%	2.42%	+151.3%
CPRI	New	CAPRI HOLDINGS LIMITEDcall	$33,160,000	–	1,000,000	–	1.97%	–
ESS	New	ESSEX PPTY TR INCput	$32,665,000	–	100,000	–	1.94%	–
DAL	Sell	DELTA AIR LINES INC DEL	$28,800,000	-27.5%	500,000	-28.6%	1.71%	-11.6%
GLW	New	CORNING INCcall	$28,520,000	–	1,000,000	–	1.70%	–
FEYE	New	FIREEYE INCcall	$26,680,000	–	2,000,000	–	1.59%	–
DELL	New	DELL TECHNOLOGIES INCcall	$25,930,000	–	500,000	–	1.54%	–
WFC	Sell	WELLS FARGO CO NEWcall	$25,220,000	-46.7%	500,000	-50.0%	1.50%	-35.0%
TEAM	New	ATLASSIAN CORP PLCput	$25,088,000	–	200,000	–	1.49%	–
TSLA	Sell	TESLA INCcall	$24,087,000	-78.4%	100,000	-80.0%	1.43%	-73.7%
FSLR	Sell	FIRST SOLAR INC	$23,204,000	-29.3%	400,000	-20.0%	1.38%	-13.9%
LRCX	New	LAM RESEARCH CORPput	$23,111,000	–	100,000	–	1.38%	–
DB	Buy	DEUTSCHE BANK AGcall	$22,500,000	+47.4%	3,000,000	+50.0%	1.34%	+79.8%
DOW	Sell	DOW INCcall	$20,966,000	-15.0%	440,000	-12.0%	1.25%	+3.7%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$19,142,000	-17.6%	2,000,166	+0.0%	1.14%	+0.4%
CS	Sell	CREDIT SUISSE GROUPsponsored adr	$18,315,000	-23.5%	1,500,000	-25.0%	1.09%	-6.8%
F	Sell	FORD MTR CO DELcall	$17,193,000	-16.0%	1,877,000	-6.2%	1.02%	+2.5%
CLF	Buy	CLEVELAND CLIFFS INC	$15,162,000	-29.0%	2,100,000	+5.0%	0.90%	-13.4%
CRCQQ	Sell	CALIFORNIA RES CORP	$15,061,000	-50.4%	1,476,615	-4.3%	0.90%	-39.5%
GT	New	GOODYEAR TIRE & RUBR CO	$14,405,000	–	1,000,000	–	0.86%	–
GT	New	GOODYEAR TIRE & RUBR COcall	$14,405,000	–	1,000,000	–	0.86%	–
CLF	New	CLEVELAND CLIFFS INCcall	$13,636,000	–	1,900,000	–	0.81%	–
RIG	Sell	TRANSOCEAN LTD	$13,414,000	-30.7%	3,001,000	-0.7%	0.80%	-15.6%
DLPH	New	DELPHI TECHNOLOGIES PLCput	$13,400,000	–	1,000,000	–	0.80%	–
LPX	New	LOUISIANA PAC CORPcall	$12,290,000	–	500,000	–	0.73%	–
DBI	New	DESIGNER BRANDS INCcl a	$11,984,000	–	700,000	–	0.71%	–
WORK	New	SLACK TECHNOLOGIES INCput	$11,865,000	–	500,000	–	0.71%	–
MLNX	Sell	MELLANOX TECHNOLOGIES LTD	$10,381,000	-6.2%	94,730	-5.3%	0.62%	+14.3%
NPTN	Buy	NEOPHOTONICS CORP	$9,138,000	+118.6%	1,500,537	+50.1%	0.54%	+166.2%
ERIC	Sell	ERICSSONadr b sek 10	$7,980,000	-58.0%	1,000,000	-50.0%	0.48%	-48.8%
ADNT	Sell	ADIENT PLC	$7,042,000	-27.5%	306,700	-23.3%	0.42%	-11.6%
LTHM	Sell	LIVENT CORP	$6,690,000	-19.4%	1,000,000	-16.7%	0.40%	-1.7%
CVS	New	CVS HEALTH CORP	$6,307,000	–	100,000	–	0.38%	–
SCWX	Sell	SECUREWORKS CORPcl a	$6,064,000	-8.7%	468,950	-6.2%	0.36%	+11.4%
URBN	New	URBAN OUTFITTERS INC	$5,618,000	–	200,000	–	0.33%	–
RIG	New	TRANSOCEAN LTDcall	$5,419,000	–	1,212,400	–	0.32%	–
KR	New	KROGER CO	$2,578,000	–	100,000	–	0.15%	–
CVRS	Sell	CORINDUS VASCULAR ROBOTICS I	$2,354,000	-83.1%	550,000	-88.2%	0.14%	-79.4%
TRXC	Sell	TRANSENTERIX INC	$2,183,000	-57.3%	3,522,487	-6.3%	0.13%	-47.8%
TMDI	Sell	TITAN MED INC	$1,266,000	-57.1%	1,172,440	-6.2%	0.08%	-47.9%
JCPNQ	Exit	PENNEY J C CORP INC	$0	–	-1,707,500	–	-0.10%	–
FL	Exit	FOOT LOCKER INC	$0	–	-100,000	–	-0.20%	–
BEST	Exit	BEST INCsponsored ads	$0	–	-1,000,000	–	-0.27%	–
TWTR	Exit	TWITTER INCput	$0	–	-200,000	–	-0.34%	–
TWTR	Exit	TWITTER INC	$0	–	-200,000	–	-0.34%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-1,000,000	–	-0.37%	–
CRCQQ	Exit	CALIFORNIA RES CORPcall	$0	–	-400,000	–	-0.38%	–
F	Exit	FORD MTR CO DEL	$0	–	-1,000,000	–	-0.50%	–
LSCC	Exit	LATTICE SEMICONDUCTOR CORP	$0	–	-1,000,000	–	-0.71%	–
TWTR	Exit	TWITTER INCcall	$0	–	-500,000	–	-0.85%	–
KR	Exit	KROGER COcall	$0	–	-1,000,000	–	-1.06%	–
TER	Exit	TERADYNE INCcall	$0	–	-500,000	–	-1.17%	–
MET	Exit	METLIFE INC	$0	–	-500,000	–	-1.21%	–
MET	Exit	METLIFE INCcall	$0	–	-500,000	–	-1.21%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-500,000	–	-1.38%	–
XME	Exit	SPDR SERIES TRUSTcall	$0	–	-1,000,000	–	-1.38%	–
DE	Exit	DEERE & COcall	$0	–	-200,000	–	-1.62%	–
MPC	Exit	MARATHON PETE CORPcall	$0	–	-700,000	–	-1.91%	–
LRCX	Exit	LAM RESEARCH CORPcall	$0	–	-225,000	–	-2.06%	–
EOG	Exit	EOG RES INCcall	$0	–	-500,000	–	-2.27%	–
UUP	Exit	INVESCO DB US DLR INDEX TRput	$0	–	-2,000,000	–	-2.53%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-400,000	–	-3.31%	–
FDX	Exit	FEDEX CORPcall	$0	–	-500,000	–	-4.00%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-50,000	–	-4.62%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-1,000,000	–	-14.29%	–

Q2 2019

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$293,000,000	–	1,000,000	–	14.29%	–
TLT	New	ISHARES TRput	$265,620,000	–	2,000,000	–	12.96%	–
TSLA	New	TESLA INCcall	$111,730,000	–	500,000	–	5.45%	–
AMZN	New	AMAZON COM INCput	$94,682,000	–	50,000	–	4.62%	–
FDX	New	FEDEX CORPcall	$82,095,000	–	500,000	–	4.00%	–
C	New	CITIGROUP INCcall	$70,030,000	–	1,000,000	–	3.42%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$67,780,000	–	400,000	–	3.31%	–
T	New	AT&T INCcall	$67,020,000	–	2,000,000	–	3.27%	–
UUP	New	INVESCO DB US DLR INDEX TRput	$51,940,000	–	2,000,000	–	2.53%	–
WFC	New	WELLS FARGO CO NEWcall	$47,320,000	–	1,000,000	–	2.31%	–
EOG	New	EOG RES INCcall	$46,580,000	–	500,000	–	2.27%	–
LRCX	New	LAM RESEARCH CORPcall	$42,264,000	–	225,000	–	2.06%	–
DAL	New	DELTA AIR LINES INC DEL	$39,725,000	–	700,000	–	1.94%	–
MPC	New	MARATHON PETE CORPcall	$39,116,000	–	700,000	–	1.91%	–
DE	New	DEERE & COcall	$33,142,000	–	200,000	–	1.62%	–
FSLR	New	FIRST SOLAR INC	$32,840,000	–	500,000	–	1.60%	–
AAL	New	AMERICAN AIRLS GROUP INCcall	$32,610,000	–	1,000,000	–	1.59%	–
AAL	New	AMERICAN AIRLS GROUP INC	$32,610,000	–	1,000,000	–	1.59%	–
CRCQQ	New	CALIFORNIA RES CORP	$30,370,000	–	1,543,188	–	1.48%	–
DAL	New	DELTA AIR LINES INC DELcall	$28,375,000	–	500,000	–	1.38%	–
XME	New	SPDR SERIES TRUSTcall	$28,380,000	–	1,000,000	–	1.38%	–
MET	New	METLIFE INCcall	$24,835,000	–	500,000	–	1.21%	–
MET	New	METLIFE INC	$24,835,000	–	500,000	–	1.21%	–
DOW	New	DOW INCcall	$24,655,000	–	500,000	–	1.20%	–
TER	New	TERADYNE INCcall	$23,955,000	–	500,000	–	1.17%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$23,940,000	–	2,000,000	–	1.17%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$23,220,000	–	2,000,000	–	1.13%	–
GM	New	GENERAL MTRS COcall	$23,118,000	–	600,000	–	1.13%	–
SAN	New	BANCO SANTANDER SAadr	$22,900,000	–	5,000,000	–	1.12%	–
KR	New	KROGER COcall	$21,710,000	–	1,000,000	–	1.06%	–
CLF	New	CLEVELAND CLIFFS INC	$21,340,000	–	2,000,000	–	1.04%	–
F	New	FORD MTR CO DELcall	$20,460,000	–	2,000,000	–	1.00%	–
DLPH	New	DELPHI TECHNOLOGIES PLC	$20,000,000	–	1,000,000	–	0.98%	–
FSLR	New	FIRST SOLAR INCcall	$19,704,000	–	300,000	–	0.96%	–
RIG	New	TRANSOCEAN LTD	$19,365,000	–	3,021,000	–	0.94%	–
DISH	New	DISH NETWORK CORPcall	$19,205,000	–	500,000	–	0.94%	–
ERIC	New	ERICSSONadr b sek 10	$19,000,000	–	2,000,000	–	0.93%	–
TWTR	New	TWITTER INCcall	$17,450,000	–	500,000	–	0.85%	–
DB	New	DEUTSCHE BANK AGcall	$15,260,000	–	2,000,000	–	0.74%	–
LSCC	New	LATTICE SEMICONDUCTOR CORP	$14,590,000	–	1,000,000	–	0.71%	–
CVRS	New	CORINDUS VASCULAR ROBOTICS I	$13,905,000	–	4,665,943	–	0.68%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$11,067,000	–	100,000	–	0.54%	–
F	New	FORD MTR CO DEL	$10,230,000	–	1,000,000	–	0.50%	–
ADNT	New	ADIENT PLC	$9,708,000	–	400,000	–	0.47%	–
LTHM	New	LIVENT CORP	$8,304,000	–	1,200,000	–	0.40%	–
CRCQQ	New	CALIFORNIA RES CORPcall	$7,872,000	–	400,000	–	0.38%	–
BCS	New	BARCLAYS PLCadr	$7,610,000	–	1,000,000	–	0.37%	–
TWTR	New	TWITTER INC	$6,980,000	–	200,000	–	0.34%	–
TWTR	New	TWITTER INCput	$6,980,000	–	200,000	–	0.34%	–
SCWX	New	SECUREWORKS CORPcl a	$6,645,000	–	500,000	–	0.32%	–
BEST	New	BEST INCsponsored ads	$5,510,000	–	1,000,000	–	0.27%	–
TRXC	New	TRANSENTERIX INC	$5,113,000	–	3,759,567	–	0.25%	–
FL	New	FOOT LOCKER INC	$4,192,000	–	100,000	–	0.20%	–
NPTN	New	NEOPHOTONICS CORP	$4,180,000	–	1,000,000	–	0.20%	–
TMDI	New	TITAN MED INC	$2,950,000	–	1,250,000	–	0.14%	–
JCPNQ	New	PENNEY J C CORP INC	$1,947,000	–	1,707,500	–	0.10%	–

Q4 2018

			Value		Shares		↓ Weighting
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-20,000	–	-0.02%	–
TMDI	Exit	TITAN MED INC	$0	–	-1,000,000	–	-0.05%	–
CRCQQ	Exit	CALIFORNIA RES CORPcall	$0	–	-100,000	–	-0.12%	–
TRXC	Exit	TRANSENTERIX INC	$0	–	-1,000,000	–	-0.14%	–
FEYE	Exit	FIREEYE INC	$0	–	-350,000	–	-0.15%	–
ZAYO	Exit	ZAYO GROUP HLDGS INC	$0	–	-200,000	–	-0.17%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-500,000	–	-0.17%	–
CVRS	Exit	CORINDUS VASCULAR ROBOTICS I	$0	–	-5,000,000	–	-0.18%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-100,000	–	-0.19%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-5,000,000	–	-0.20%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-500,000	–	-0.24%	–
NVCR	Exit	NOVOCURE LTDcall	$0	–	-200,000	–	-0.26%	–
DIS	Exit	DISNEY WALT CO	$0	–	-100,000	–	-0.29%	–
AQ	Exit	AQUANTIA CORP	$0	–	-1,000,000	–	-0.32%	–
SCWX	Exit	SECUREWORKS CORPcl a	$0	–	-901,300	–	-0.33%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-1,000,000	–	-0.34%	–
FCX	Exit	FREEPORT-MCMORAN INCcall	$0	–	-1,000,000	–	-0.34%	–
NIO	Exit	NIO INCspon ads	$0	–	-2,000,000	–	-0.34%	–
BLUE	Exit	BLUEBIRD BIO INCput	$0	–	-100,000	–	-0.36%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-1,000,000	–	-0.37%	–
CIEN	Exit	CIENA CORP	$0	–	-500,000	–	-0.39%	–
CIEN	Exit	CIENA CORPcall	$0	–	-500,000	–	-0.39%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-2,000,000	–	-0.41%	–
FEYE	Exit	FIREEYE INCcall	$0	–	-1,000,000	–	-0.42%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcall	$0	–	-500,000	–	-0.43%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-500,000	–	-0.43%	–
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-2,000,000	–	-0.44%	–
GLW	Exit	CORNING INCcall	$0	–	-500,000	–	-0.44%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-3,000,000	–	-0.46%	–
JBLU	Exit	JETBLUE AIRWAYS CORPcall	$0	–	-1,000,000	–	-0.48%	–
RIG	Exit	TRANSOCEAN LTDcall	$0	–	-1,500,000	–	-0.52%	–
BBBY	Exit	BED BATH & BEYOND INCcall	$0	–	-1,500,000	–	-0.56%	–
CLF	Exit	CLEVELAND CLIFFS INC	$0	–	-2,000,000	–	-0.63%	–
ANTM	Exit	ANTHEM INCput	$0	–	-100,000	–	-0.68%	–
GLW	Exit	CORNING INC	$0	–	-800,000	–	-0.70%	–
VALE	Exit	VALE S Aadr	$0	–	-2,000,000	–	-0.73%	–
TSN	Exit	TYSON FOODS INCcall	$0	–	-500,000	–	-0.74%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-210,370	–	-0.76%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INCcall	$0	–	-500,000	–	-0.82%	–
T	Exit	AT&T INC	$0	–	-1,000,000	–	-0.83%	–
GM	Exit	GENERAL MTRS CO	$0	–	-1,000,000	–	-0.83%	–
ABT	Exit	ABBOTT LABScall	$0	–	-500,000	–	-0.91%	–
CVS	Exit	CVS HEALTH CORPcall	$0	–	-500,000	–	-0.97%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,000,000	–	-1.02%	–
MET	Exit	METLIFE INC	$0	–	-900,000	–	-1.04%	–
CRCQQ	Exit	CALIFORNIA RES CORP	$0	–	-900,000	–	-1.08%	–
BHF	Exit	BRIGHTHOUSE FINL INC	$0	–	-1,000,000	–	-1.09%	–
BHF	Exit	BRIGHTHOUSE FINL INCcall	$0	–	-1,000,000	–	-1.09%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-3,000,000	–	-1.11%	–
F	Exit	FORD MTR CO DELcall	$0	–	-4,849,000	–	-1.11%	–
SAN	Exit	BANCO SANTANDER SAadr	$0	–	-9,000,000	–	-1.11%	–
MS	Exit	MORGAN STANLEYcall	$0	–	-1,000,000	–	-1.15%	–
MET	Exit	METLIFE INCcall	$0	–	-1,000,000	–	-1.16%	–
CSCO	Exit	CISCO SYS INCcall	$0	–	-1,000,000	–	-1.20%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-1,000,000	–	-1.32%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-1,000,000	–	-1.43%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,000,000	–	-1.43%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-6,067,000	–	-1.70%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHScall	$0	–	-500,000	–	-1.87%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-1,000,000	–	-1.91%	–
INTC	Exit	INTEL CORPcall	$0	–	-2,000,000	–	-2.34%	–
BMY	Exit	BRISTOL MYERS SQUIBB COcall	$0	–	-1,527,000	–	-2.34%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-3,000,000	–	-2.50%	–
VZ	Exit	VERIZON COMMUNICATIONS INCcall	$0	–	-2,000,000	–	-2.64%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-3,000,000	–	-3.06%	–
TSLA	Exit	TESLA INCcall	$0	–	-500,000	–	-3.27%	–
T	Exit	AT&T INCcall	$0	–	-4,001,000	–	-3.32%	–
C	Exit	CITIGROUP INCcall	$0	–	-2,000,000	–	-3.55%	–
HYG	Exit	ISHARES TRput	$0	–	-2,000,000	–	-4.27%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-1,000,000	–	-4.59%	–
WMT	Exit	WALMART INCcall	$0	–	-2,000,000	–	-4.64%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-100,000	–	-4.95%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-4,000,000	–	-5.20%	–
TLT	Exit	ISHARES TRput	$0	–	-2,000,000	–	-5.80%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-1,000,000	–	-7.19%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRput	$290,720,000	-44.8%	1,000,000	-48.5%	7.19%	-51.5%
TLT	Buy	ISHARES TRput	$234,540,000	-0.7%	2,000,000	+3.1%	5.80%	-12.8%
AMZN	New	AMAZON COM INCput	$200,300,000	–	100,000	–	4.95%	–
WMT	New	WALMART INCcall	$187,820,000	–	2,000,000	–	4.64%	–
HYG	New	ISHARES TRput	$172,880,000	–	2,000,000	–	4.27%	–
C	Buy	CITIGROUP INCcall	$143,480,000	+114.4%	2,000,000	+100.0%	3.55%	+88.2%
T	Buy	AT&T INCcall	$134,354,000	+331.6%	4,001,000	+312.7%	3.32%	+278.7%
TSLA	Buy	TESLA INCcall	$132,385,000	-3.5%	500,000	+25.0%	3.27%	-15.3%
AAL	Buy	AMERICAN AIRLS GROUP INCcall	$123,990,000	+33.0%	3,000,000	+22.2%	3.06%	+16.8%
VZ	Buy	VERIZON COMMUNICATIONS INCcall	$106,780,000	+9.5%	2,000,000	+3.1%	2.64%	-3.9%
GM	Buy	GENERAL MTRS COcall	$101,010,000	-11.9%	3,000,000	+3.1%	2.50%	-22.6%
BMY	Buy	BRISTOL MYERS SQUIBB COcall	$94,796,000	+66.8%	1,527,000	+48.7%	2.34%	+46.3%
INTC	New	INTEL CORPcall	$94,580,000	–	2,000,000	–	2.34%	–
GILD	Buy	GILEAD SCIENCES INCcall	$77,210,000	+124.5%	1,000,000	+106.0%	1.91%	+96.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHScall	$75,605,000	-45.9%	500,000	-50.0%	1.87%	-52.5%
DB	Sell	DEUTSCHE BANK AGcall	$68,921,000	-19.6%	6,067,000	-24.8%	1.70%	-29.4%
DAL	Buy	DELTA AIR LINES INC DEL	$57,830,000	+22.7%	1,000,000	+5.1%	1.43%	+7.6%
DAL	Buy	DELTA AIR LINES INC DELcall	$57,830,000	+140.4%	1,000,000	+106.0%	1.43%	+111.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$53,390,000	+9.4%	1,000,000	+3.1%	1.32%	-3.9%
CSCO	New	CISCO SYS INCcall	$48,650,000	–	1,000,000	–	1.20%	–
MET	Buy	METLIFE INCcall	$46,720,000	+120.7%	1,000,000	+106.0%	1.16%	+93.8%
MS	New	MORGAN STANLEYcall	$46,570,000	–	1,000,000	–	1.15%	–
SAN	Buy	BANCO SANTANDER SAadr	$45,000,000	+47.1%	9,000,000	+57.1%	1.11%	+29.0%
CS	Buy	CREDIT SUISSE GROUPcall	$44,820,000	+53.8%	3,000,000	+53.2%	1.11%	+35.0%
BHF	Sell	BRIGHTHOUSE FINL INC	$44,240,000	+4.5%	1,000,000	-5.4%	1.09%	-8.3%
BHF	Buy	BRIGHTHOUSE FINL INCcall	$44,240,000	+125.3%	1,000,000	+104.0%	1.09%	+97.8%
MET	Buy	METLIFE INC	$42,048,000	+250.7%	900,000	+227.3%	1.04%	+207.4%
AAL	Buy	AMERICAN AIRLS GROUP INC	$41,330,000	+14.7%	1,000,000	+5.4%	1.02%	+0.7%
CVS	New	CVS HEALTH CORPcall	$39,360,000	–	500,000	–	0.97%	–
ABT	New	ABBOTT LABScall	$36,680,000	–	500,000	–	0.91%	–
GM	Buy	GENERAL MTRS CO	$33,670,000	-11.2%	1,000,000	+3.9%	0.83%	-22.1%
T	Buy	AT&T INC	$33,580,000	+9.6%	1,000,000	+4.8%	0.83%	-3.8%
KEYS	New	KEYSIGHT TECHNOLOGIES INCcall	$33,140,000	–	500,000	–	0.82%	–
BLUE	Sell	BLUEBIRD BIO INC	$30,714,000	-32.0%	210,370	-26.9%	0.76%	-40.3%
TSN	New	TYSON FOODS INCcall	$29,765,000	–	500,000	–	0.74%	–
VALE	Buy	VALE S Aadr	$29,680,000	+138.7%	2,000,000	+106.2%	0.73%	+109.7%
GLW	New	CORNING INC	$28,240,000	–	800,000	–	0.70%	–
ANTM	New	ANTHEM INCput	$27,405,000	–	100,000	–	0.68%	–
CLF	Buy	CLEVELAND CLIFFS INC	$25,320,000	+57.5%	2,000,000	+4.9%	0.63%	+38.2%
BBBY	New	BED BATH & BEYOND INCcall	$22,500,000	–	1,500,000	–	0.56%	–
RIG	New	TRANSOCEAN LTDcall	$20,925,000	–	1,500,000	–	0.52%	–
JBLU	Buy	JETBLUE AIRWAYS CORPcall	$19,360,000	+114.3%	1,000,000	+110.1%	0.48%	+88.6%
NBR	Buy	NABORS INDUSTRIES LTD	$18,480,000	+51.5%	3,000,000	+57.7%	0.46%	+33.2%
GLW	New	CORNING INCcall	$17,650,000	–	500,000	–	0.44%	–
ERIC	New	ERICSSONadr b sek 10	$17,600,000	–	2,000,000	–	0.44%	–
KNX	Buy	KNIGHT SWIFT TRANSN HLDGS INcl a	$17,240,000	+80.5%	500,000	+100.0%	0.43%	+58.4%
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcall	$17,240,000	–	500,000	–	0.43%	–
FEYE	Buy	FIREEYE INCcall	$17,000,000	+11.0%	1,000,000	+0.5%	0.42%	-2.6%
CIEN	New	CIENA CORPcall	$15,620,000	–	500,000	–	0.39%	–
CIEN	New	CIENA CORP	$15,620,000	–	500,000	–	0.39%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$14,940,000	–	1,000,000	–	0.37%	–
BLUE	New	BLUEBIRD BIO INCput	$14,600,000	–	100,000	–	0.36%	–
NIO	New	NIO INCspon ads	$13,960,000	–	2,000,000	–	0.34%	–
FCX	Sell	FREEPORT-MCMORAN INCcall	$13,920,000	-58.4%	1,000,000	-48.5%	0.34%	-63.5%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$13,920,000	-57.4%	1,000,000	-47.2%	0.34%	-62.6%
SCWX	Sell	SECUREWORKS CORPcl a	$13,204,000	+6.1%	901,300	-9.9%	0.33%	-7.1%
AQ	Buy	AQUANTIA CORP	$12,790,000	+57.8%	1,000,000	+42.9%	0.32%	+38.6%
DIS	New	DISNEY WALT CO	$11,694,000	–	100,000	–	0.29%	–
NVCR	New	NOVOCURE LTDcall	$10,480,000	–	200,000	–	0.26%	–
JBLU	New	JETBLUE AIRWAYS CORP	$9,680,000	–	500,000	–	0.24%	–
JCPNQ	New	PENNEY J C INC	$8,300,000	–	5,000,000	–	0.20%	–
GILD	Sell	GILEAD SCIENCES INC	$7,721,000	-71.6%	100,000	-73.9%	0.19%	-75.1%
CVRS	New	CORINDUS VASCULAR ROBOTICS I	$7,100,000	–	5,000,000	–	0.18%	–
RIG	New	TRANSOCEAN LTD	$6,975,000	–	500,000	–	0.17%	–
ZAYO	New	ZAYO GROUP HLDGS INC	$6,944,000	–	200,000	–	0.17%	–
FEYE	New	FIREEYE INC	$5,950,000	–	350,000	–	0.15%	–
TRXC	Sell	TRANSENTERIX INC	$5,800,000	+7.6%	1,000,000	-19.1%	0.14%	-5.9%
CRCQQ	New	CALIFORNIA RES CORPcall	$4,853,000	–	100,000	–	0.12%	–
TMDI	New	TITAN MED INC	$2,130,000	–	1,000,000	–	0.05%	–
ELAN	New	ELANCO ANIMAL HEALTH INC	$698,000	–	20,000	–	0.02%	–
APY	Exit	APERGY CORP	$0	–	-50,000	–	-0.06%	–
INTEQ	Exit	INTELSAT S A	$0	–	-200,000	–	-0.09%	–
AKS	Exit	AK STL HLDG CORP	$0	–	-949,275	–	-0.12%	–
ZS	Exit	ZSCALER INC	$0	–	-150,000	–	-0.15%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-1,902,320	–	-0.18%	–
TXT	Exit	TEXTRON INC	$0	–	-100,000	–	-0.19%	–
HDP	Exit	HORTONWORKS INC	$0	–	-473,135	–	-0.24%	–
HDP	Exit	HORTONWORKS INCcall	$0	–	-485,500	–	-0.25%	–
ALB	Exit	ALBEMARLE CORPcall	$0	–	-100,000	–	-0.27%	–
ALB	Exit	ALBEMARLE CORPput	$0	–	-100,000	–	-0.27%	–
YRCW	Exit	YRC WORLDWIDE INCcall	$0	–	-969,500	–	-0.27%	–
ERIC	Exit	ERICSSONcall	$0	–	-1,902,000	–	-0.41%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-286,280	–	-0.45%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-200,000	–	-0.53%	–
F	Exit	FORD MTR CO DEL	$0	–	-1,902,320	–	-0.59%	–
X	Exit	UNITED STATES STL CORP NEWcall	$0	–	-1,000,000	–	-0.98%	–
NFLX	Exit	NETFLIX INCput	$0	–	-100,000	–	-1.10%	–
EEM	Exit	ISHARES TRcall	$0	–	-969,500	–	-1.18%	–
HAL	Exit	HALLIBURTON COcall	$0	–	-969,500	–	-1.23%	–
PSA	Exit	PUBLIC STORAGEput	$0	–	-200,000	–	-1.28%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-2,000,000	–	-1.59%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-1,485,500	–	-2.20%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-582,000	–	-3.04%	–
FDX	Exit	FEDEX CORPcall	$0	–	-970,500	–	-6.21%	–

Q2 2018

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$526,283,000	–	1,940,000	–	14.82%	–
TLT	New	ISHARES TRput	$236,137,000	–	1,940,000	–	6.65%	–
WFC	New	WELLS FARGO CO NEWcall	$221,760,000	–	4,000,000	–	6.25%	–
FDX	New	FEDEX CORPcall	$220,362,000	–	970,500	–	6.21%	–
QQQ	New	INVESCO QQQ TRput	$171,650,000	–	1,000,000	–	4.83%	–
IBM	New	INTERNATIONAL BUSINESS MACHScall	$139,700,000	–	1,000,000	–	3.93%	–
TSLA	New	TESLA INCcall	$137,180,000	–	400,000	–	3.86%	–
GM	New	GENERAL MTRS COcall	$114,634,000	–	2,909,500	–	3.23%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$107,978,000	–	582,000	–	3.04%	–
VZ	New	VERIZON COMMUNICATIONS INCcall	$97,552,000	–	1,939,000	–	2.75%	–
AAL	New	AMERICAN AIRLS GROUP INCcall	$93,192,000	–	2,455,000	–	2.62%	–
DB	New	DEUTSCHE BANK AGcall	$85,672,000	–	8,067,000	–	2.41%	–
FSLR	New	FIRST SOLAR INCcall	$78,226,000	–	1,485,500	–	2.20%	–
C	New	CITIGROUP INCcall	$66,920,000	–	1,000,000	–	1.88%	–
BMY	New	BRISTOL MYERS SQUIBB COcall	$56,834,000	–	1,027,000	–	1.60%	–
BAC	New	BANK AMER CORPcall	$56,380,000	–	2,000,000	–	1.59%	–
F	New	FORD MTR CO DELcall	$53,678,000	–	4,849,000	–	1.51%	–
VZ	New	VERIZON COMMUNICATIONS INC	$48,791,000	–	969,810	–	1.37%	–
DAL	New	DELTA AIR LINES INC DEL	$47,136,000	–	951,475	–	1.33%	–
PSA	New	PUBLIC STORAGEput	$45,372,000	–	200,000	–	1.28%	–
BLUE	New	BLUEBIRD BIO INC	$45,172,000	–	287,810	–	1.27%	–
HAL	New	HALLIBURTON COcall	$43,686,000	–	969,500	–	1.23%	–
BHF	New	BRIGHTHOUSE FINL INC	$42,347,000	–	1,056,835	–	1.19%	–
EEM	New	ISHARES TRcall	$42,008,000	–	969,500	–	1.18%	–
CRCQQ	New	CALIFORNIA RES CORP	$40,896,000	–	900,000	–	1.15%	–
NFLX	New	NETFLIX INCput	$39,143,000	–	100,000	–	1.10%	–
GM	New	GENERAL MTRS CO	$37,916,000	–	962,345	–	1.07%	–
AAL	New	AMERICAN AIRLS GROUP INC	$36,023,000	–	948,975	–	1.02%	–
X	New	UNITED STATES STL CORP NEWcall	$34,750,000	–	1,000,000	–	0.98%	–
GILD	New	GILEAD SCIENCES INCcall	$34,393,000	–	485,500	–	0.97%	–
FCX	New	FREEPORT-MCMORAN INCcall	$33,484,000	–	1,940,000	–	0.94%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$32,708,000	–	1,894,990	–	0.92%	–
T	New	AT&T INCcall	$31,131,000	–	969,500	–	0.88%	–
T	New	AT&T INC	$30,650,000	–	954,535	–	0.86%	–
SAN	New	BANCO SANTANDER SAadr	$30,598,000	–	5,729,975	–	0.86%	–
CS	New	CREDIT SUISSE GROUPcall	$29,135,000	–	1,958,000	–	0.82%	–
GILD	New	GILEAD SCIENCES INC	$27,187,000	–	383,780	–	0.77%	–
DAL	New	DELTA AIR LINES INC DELcall	$24,052,000	–	485,500	–	0.68%	–
MET	New	METLIFE INCcall	$21,168,000	–	485,500	–	0.60%	–
F	New	FORD MTR CO DEL	$21,059,000	–	1,902,320	–	0.59%	–
BHF	New	BRIGHTHOUSE FINL INCcall	$19,638,000	–	490,100	–	0.55%	–
ALB	New	ALBEMARLE CORP	$18,866,000	–	200,000	–	0.53%	–
CLF	New	CLEVELAND CLIFFS INC	$16,077,000	–	1,907,165	–	0.45%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$15,843,000	–	286,280	–	0.45%	–
FEYE	New	FIREEYE INCcall	$15,313,000	–	995,000	–	0.43%	–
ERIC	New	ERICSSONcall	$14,588,000	–	1,902,000	–	0.41%	–
NPTN	New	NEOPHOTONICS CORP	$12,460,000	–	2,000,000	–	0.35%	–
SCWX	New	SECUREWORKS CORPcl a	$12,450,000	–	1,000,000	–	0.35%	–
VALE	New	VALE S Aadr	$12,433,000	–	969,810	–	0.35%	–
NBR	New	NABORS INDUSTRIES LTD	$12,194,000	–	1,902,275	–	0.34%	–
MET	New	METLIFE INC	$11,990,000	–	275,000	–	0.34%	–
YRCW	New	YRC WORLDWIDE INCcall	$9,743,000	–	969,500	–	0.27%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$9,553,000	–	250,000	–	0.27%	–
ALB	New	ALBEMARLE CORPcall	$9,433,000	–	100,000	–	0.27%	–
ALB	New	ALBEMARLE CORPput	$9,433,000	–	100,000	–	0.27%	–
JBLU	New	JETBLUE AIRWAYS CORPcall	$9,034,000	–	476,000	–	0.25%	–
HDP	New	HORTONWORKS INCcall	$8,846,000	–	485,500	–	0.25%	–
HDP	New	HORTONWORKS INC	$8,621,000	–	473,135	–	0.24%	–
AQ	New	AQUANTIA CORP	$8,106,000	–	700,000	–	0.23%	–
TXT	New	TEXTRON INC	$6,591,000	–	100,000	–	0.19%	–
WFTIQ	New	WEATHERFORD INTL PLC	$6,259,000	–	1,902,320	–	0.18%	–
TRXC	New	TRANSENTERIX INC	$5,391,000	–	1,236,505	–	0.15%	–
ZS	New	ZSCALER INC	$5,363,000	–	150,000	–	0.15%	–
AKS	New	AK STL HLDG CORP	$4,120,000	–	949,275	–	0.12%	–
INTEQ	New	INTELSAT S A	$3,332,000	–	200,000	–	0.09%	–
APY	New	APERGY CORP	$2,088,000	–	50,000	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
ALRN	Exit	AILERON THERAPEUTICS INC	$0	–	-30,000	–	-0.01%	–
USG	Exit	U S G CORP	$0	–	-150,000	–	-0.11%	–
TRXC	Exit	TRANSENTERIX INC	$0	–	-4,000,000	–	-0.13%	–
CLF	Exit	CLEVELAND CLIFFS INCcall	$0	–	-1,000,000	–	-0.17%	–
JBLU	Exit	JETBLUE AIRWAYS CORPput	$0	–	-500,000	–	-0.22%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-2,020,482	–	-0.26%	–
SCWX	Exit	SECUREWORKS CORPcl a	$0	–	-925,000	–	-0.27%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-500,000	–	-0.28%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INCcall	$0	–	-500,000	–	-0.28%	–
LPX	Exit	LOUISIANA PAC CORPcall	$0	–	-500,000	–	-0.32%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-250,000	–	-0.32%	–
CLF	Exit	CLEVELAND CLIFFS INC	$0	–	-2,000,000	–	-0.33%	–
TXT	Exit	TEXTRON INC	$0	–	-300,000	–	-0.38%	–
ORBC	Exit	ORBCOMM INC	$0	–	-1,544,700	–	-0.38%	–
THC	Exit	TENET HEALTHCARE CORPcall	$0	–	-1,000,000	–	-0.38%	–
BHF	Exit	BRIGHTHOUSE FINL INCcall	$0	–	-279,000	–	-0.40%	–
FN	Exit	FABRINETcall	$0	–	-500,000	–	-0.43%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-300,000	–	-0.45%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-1,395,391	–	-0.45%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-500,000	–	-0.46%	–
URBN	Exit	URBAN OUTFITTERS INCcall	$0	–	-1,000,000	–	-0.56%	–
F	Exit	FORD MTR CO DELcall	$0	–	-2,000,000	–	-0.56%	–
BMY	Exit	BRISTOL MYERS SQUIBB COcall	$0	–	-390,000	–	-0.58%	–
BAC	Exit	BANK AMER CORP	$0	–	-1,000,000	–	-0.59%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-2,000,000	–	-0.66%	–
FCX	Exit	FREEPORT-MCMORAN INCcall	$0	–	-2,000,000	–	-0.66%	–
GLW	Exit	CORNING INCcall	$0	–	-1,000,000	–	-0.70%	–
LULU	Exit	LULULEMON ATHLETICA INCcall	$0	–	-500,000	–	-0.73%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-2,000,000	–	-0.74%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-2,000,000	–	-0.74%	–
FEYE	Exit	FIREEYE INC	$0	–	-2,000,000	–	-0.78%	–
CSIQ	Exit	CANADIAN SOLAR INCcall	$0	–	-2,000,000	–	-0.78%	–
DB	Exit	DEUTSCHE BANK AGnamen akt	$0	–	-2,000,000	–	-0.81%	–
SAN	Exit	BANCO SANTANDER SAadr	$0	–	-5,000,000	–	-0.81%	–
T	Exit	AT&T INC	$0	–	-1,000,000	–	-0.91%	–
BHF	Exit	BRIGHTHOUSE FINL INC	$0	–	-650,000	–	-0.92%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-1,000,000	–	-0.94%	–
GD	Exit	GENERAL DYNAMICS CORPcall	$0	–	-200,000	–	-0.96%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEWcall	$0	–	-200,000	–	-1.00%	–
TER	Exit	TERADYNE INCcall	$0	–	-1,200,000	–	-1.04%	–
AA	Exit	ALCOA CORPcall	$0	–	-1,000,000	–	-1.09%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,000,000	–	-1.11%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,000,000	–	-1.12%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-1,000,000	–	-1.12%	–
TSLA	Exit	TESLA INCcall	$0	–	-150,000	–	-1.19%	–
MET	Exit	METLIFE INC	$0	–	-1,000,000	–	-1.21%	–
ABT	Exit	ABBOTT LABScall	$0	–	-1,000,000	–	-1.24%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTDput	$0	–	-500,000	–	-1.38%	–
CSCO	Exit	CISCO SYS INCcall	$0	–	-2,000,000	–	-1.57%	–
TXT	Exit	TEXTRON INCcall	$0	–	-1,360,000	–	-1.71%	–
INTC	Exit	INTEL CORPcall	$0	–	-2,000,000	–	-1.78%	–
MET	Exit	METLIFE INCcall	$0	–	-1,807,000	–	-2.19%	–
FDX	Exit	FEDEX CORPcall	$0	–	-500,000	–	-2.63%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-7,000,000	–	-2.82%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-5,000,000	–	-2.95%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHScall	$0	–	-1,000,000	–	-3.38%	–
QQQ	Exit	POWERSHARES QQQ TRUSTput	$0	–	-1,000,000	–	-3.39%	–
C	Exit	CITIGROUP INCcall	$0	–	-2,000,000	–	-3.39%	–
VZ	Exit	VERIZON COMMUNICATIONS INCcall	$0	–	-3,010,500	–	-3.47%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-2,000,000	–	-3.78%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-200,000	–	-4.48%	–
T	Exit	AT&T INCcall	$0	–	-6,000,000	–	-5.48%	–
UPS	Exit	UNITED PARCEL SERVICE INCcall	$0	–	-2,000,000	–	-5.60%	–
TLT	Exit	ISHARES TRput	$0	–	-3,000,000	–	-8.73%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-2,000,000	–	-11.71%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$502,460,000	–	2,000,000	–	11.71%	–
TLT	Buy	ISHARES TRput	$374,280,000	+49.6%	3,000,000	+50.0%	8.73%	+40.9%
UPS	Sell	UNITED PARCEL SERVICE INCcall	$240,180,000	+3.4%	2,000,000	-4.8%	5.60%	-2.6%
T	Buy	AT&T INCcall	$235,020,000	+55.7%	6,000,000	+50.0%	5.48%	+46.7%
GILD	Buy	GILEAD SCIENCES INCcall	$162,040,000	+128.9%	2,000,000	+100.0%	3.78%	+115.8%
VZ	New	VERIZON COMMUNICATIONS INCcall	$148,990,000	–	3,010,500	–	3.47%	–
C	Sell	CITIGROUP INCcall	$145,480,000	-45.6%	2,000,000	-50.0%	3.39%	-48.8%
QQQ	Sell	POWERSHARES QQQ TRUSTput	$145,450,000	-47.2%	1,000,000	-50.0%	3.39%	-50.2%
BAC	Buy	BANK AMER CORPcall	$126,700,000	+47.9%	5,000,000	+41.6%	2.95%	+39.3%
DB	Buy	DEUTSCHE BANK AGcall	$120,960,000	+38.4%	7,000,000	+42.5%	2.82%	+30.4%
FDX	Sell	FEDEX CORPcall	$112,790,000	-36.7%	500,000	-39.0%	2.63%	-40.4%
MET	Sell	METLIFE INCcall	$93,874,000	-55.1%	1,807,000	-52.5%	2.19%	-57.7%
TXT	Buy	TEXTRON INCcall	$73,277,000	+72.9%	1,360,000	+51.1%	1.71%	+62.8%
RCL	New	ROYAL CARIBBEAN CRUISES LTDput	$59,270,000	–	500,000	–	1.38%	–
ABT	Buy	ABBOTT LABScall	$53,360,000	+56.8%	1,000,000	+42.9%	1.24%	+47.7%
TSLA	Sell	TESLA INCcall	$51,165,000	-29.3%	150,000	-25.0%	1.19%	-33.4%
TER	Sell	TERADYNE INCcall	$44,748,000	-27.7%	1,200,000	-41.8%	1.04%	-31.9%
ORLY	New	O REILLY AUTOMOTIVE INC NEWcall	$43,074,000	–	200,000	–	1.00%	–
GD	New	GENERAL DYNAMICS CORPcall	$41,116,000	–	200,000	–	0.96%	–
GM	New	GENERAL MTRS COcall	$40,380,000	–	1,000,000	–	0.94%	–
BHF	New	BRIGHTHOUSE FINL INC	$39,520,000	–	650,000	–	0.92%	–
T	New	AT&T INC	$39,170,000	–	1,000,000	–	0.91%	–
DB	Sell	DEUTSCHE BANK AGnamen akt	$34,560,000	-22.3%	2,000,000	-20.0%	0.81%	-26.8%
CSIQ	Buy	CANADIAN SOLAR INCcall	$33,680,000	+14.1%	2,000,000	+7.9%	0.78%	+7.4%
LULU	Sell	LULULEMON ATHLETICA INCcall	$31,125,000	-47.8%	500,000	-50.0%	0.73%	-50.8%
FCX	Sell	FREEPORT-MCMORAN INCcall	$28,080,000	-41.5%	2,000,000	-50.0%	0.66%	-44.9%
BAC	Sell	BANK AMER CORP	$25,340,000	-47.8%	1,000,000	-50.0%	0.59%	-50.8%
BMY	New	BRISTOL MYERS SQUIBB COcall	$24,859,000	–	390,000	–	0.58%	–
F	New	FORD MTR CO DELcall	$23,940,000	–	2,000,000	–	0.56%	–
URBN	New	URBAN OUTFITTERS INCcall	$23,900,000	–	1,000,000	–	0.56%	–
MU	New	MICRON TECHNOLOGY INCcall	$19,665,000	–	500,000	–	0.46%	–
YRCW	Sell	YRC WORLDWIDE INC	$19,256,000	+8.2%	1,395,391	-12.8%	0.45%	+2.0%
BMY	New	BRISTOL MYERS SQUIBB CO	$19,122,000	–	300,000	–	0.45%	–
BHF	New	BRIGHTHOUSE FINL INCcall	$16,963,000	–	279,000	–	0.40%	–
THC	New	TENET HEALTHCARE CORPcall	$16,430,000	–	1,000,000	–	0.38%	–
ORBC	Buy	ORBCOMM INC	$16,173,000	-4.6%	1,544,700	+3.0%	0.38%	-10.0%
TXT	Buy	TEXTRON INC	$16,164,000	+37.3%	300,000	+20.0%	0.38%	+29.6%
CLF	New	CLEVELAND CLIFFS INC	$14,300,000	–	2,000,000	–	0.33%	–
LITE	New	LUMENTUM HLDGS INC	$13,588,000	–	250,000	–	0.32%	–
LPX	New	LOUISIANA PAC CORPcall	$13,540,000	–	500,000	–	0.32%	–
URBN	New	URBAN OUTFITTERS INC	$11,950,000	–	500,000	–	0.28%	–
ATI	New	ALLEGHENY TECHNOLOGIES INCcall	$11,950,000	–	500,000	–	0.28%	–
SCWX	Sell	SECUREWORKS CORPcl a	$11,424,000	+20.0%	925,000	-9.8%	0.27%	+12.7%
NPTN	Buy	NEOPHOTONICS CORP	$11,234,000	-27.5%	2,020,482	+0.6%	0.26%	-31.8%
JBLU	New	JETBLUE AIRWAYS CORPput	$9,265,000	–	500,000	–	0.22%	–
CLF	New	CLEVELAND CLIFFS INCcall	$7,150,000	–	1,000,000	–	0.17%	–
USG	New	U S G CORP	$4,898,000	–	150,000	–	0.11%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-100,000	–	-0.10%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-100,000	–	-0.10%	–
AA	Exit	ALCOA CORP	$0	–	-200,000	–	-0.16%	–
CLF	Exit	CLIFFS NAT RES INC	$0	–	-1,000,000	–	-0.17%	–
CLF	Exit	CLIFFS NAT RES INCcall	$0	–	-1,000,000	–	-0.17%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-500,000	–	-0.24%	–
KITE	Exit	KITE PHARMA INCcall	$0	–	-100,000	–	-0.26%	–
KITE	Exit	KITE PHARMA INC	$0	–	-100,000	–	-0.26%	–
YELP	Exit	YELP INCcall	$0	–	-500,000	–	-0.37%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-2,695,580	–	-0.45%	–
TER	Exit	TERADYNE INC	$0	–	-700,000	–	-0.52%	–
X	Exit	UNITED STATES STL CORP NEWcall	$0	–	-1,000,000	–	-0.55%	–
JWN	Exit	NORDSTROM INCcall	$0	–	-500,000	–	-0.59%	–
WFM	Exit	WHOLE FOODS MKT INCcall	$0	–	-876,000	–	-0.91%	–
UAL	Exit	UNITED CONTL HLDGS INCcall	$0	–	-500,000	–	-0.93%	–
HAL	Exit	HALLIBURTON COcall	$0	–	-1,000,000	–	-1.06%	–
KR	Exit	KROGER COcall	$0	–	-2,000,000	–	-1.15%	–
XLU	Exit	SELECT SECTOR SPDR TRput	$0	–	-1,000,000	–	-1.29%	–
ADI	Exit	ANALOG DEVICES INCcall	$0	–	-700,000	–	-1.35%	–
MA	Exit	MASTERCARD INCORPORATEDput	$0	–	-500,000	–	-1.50%	–
GS	Exit	GOLDMAN SACHS GROUP INCput	$0	–	-305,000	–	-1.68%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-500,000	–	-1.74%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-1,500,000	–	-1.87%	–
V	Exit	VISA INCput	$0	–	-1,000,000	–	-2.32%	–

Q2 2017

			Value		Shares		↓ Weighting
QQQ	New	POWERSHARES QQQ TRUSTput	$275,280,000	–	2,000,000	–	6.81%	–
C	New	CITIGROUP INCcall	$267,520,000	–	4,000,000	–	6.62%	–
TLT	New	ISHARES TRput	$250,240,000	–	2,000,000	–	6.19%	–
UPS	New	UNITED PARCEL SERVICE INCcall	$232,239,000	–	2,100,000	–	5.75%	–
MET	New	METLIFE INCcall	$209,157,000	–	3,807,000	–	5.18%	–
AMZN	New	AMAZON COM INCput	$193,600,000	–	200,000	–	4.79%	–
FDX	New	FEDEX CORPcall	$178,211,000	–	820,000	–	4.41%	–
IBM	New	INTERNATIONAL BUSINESS MACHScall	$153,830,000	–	1,000,000	–	3.81%	–
T	New	AT&T INCcall	$150,920,000	–	4,000,000	–	3.74%	–
V	New	VISA INCput	$93,780,000	–	1,000,000	–	2.32%	–
DB	New	DEUTSCHE BANK AGcall	$87,402,000	–	4,913,000	–	2.16%	–
BAC	New	BANK AMER CORPcall	$85,662,000	–	3,531,000	–	2.12%	–
AAL	New	AMERICAN AIRLS GROUP INCcall	$75,480,000	–	1,500,000	–	1.87%	–
TSLA	New	TESLA INCcall	$72,322,000	–	200,000	–	1.79%	–
GILD	New	GILEAD SCIENCES INCcall	$70,780,000	–	1,000,000	–	1.75%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$70,450,000	–	500,000	–	1.74%	–
GS	New	GOLDMAN SACHS GROUP INCput	$67,680,000	–	305,000	–	1.68%	–
INTC	New	INTEL CORPcall	$67,480,000	–	2,000,000	–	1.67%	–
CSCO	New	CISCO SYS INCcall	$62,600,000	–	2,000,000	–	1.55%	–
TER	New	TERADYNE INCcall	$61,868,000	–	2,060,200	–	1.53%	–
MA	New	MASTERCARD INCORPORATEDput	$60,725,000	–	500,000	–	1.50%	–
LULU	New	LULULEMON ATHLETICA INCcall	$59,670,000	–	1,000,000	–	1.48%	–
MET	New	METLIFE INC	$54,940,000	–	1,000,000	–	1.36%	–
ADI	New	ANALOG DEVICES INCcall	$54,460,000	–	700,000	–	1.35%	–
DAL	New	DELTA AIR LINES INC DELcall	$53,740,000	–	1,000,000	–	1.33%	–
DAL	New	DELTA AIR LINES INC DEL	$53,740,000	–	1,000,000	–	1.33%	–
XLU	New	SELECT SECTOR SPDR TRput	$51,960,000	–	1,000,000	–	1.29%	–
AAL	New	AMERICAN AIRLS GROUP INC	$50,320,000	–	1,000,000	–	1.24%	–
BAC	New	BANK AMER CORP	$48,520,000	–	2,000,000	–	1.20%	–
FCX	New	FREEPORT-MCMORAN INCcall	$48,040,000	–	4,000,000	–	1.19%	–
KR	New	KROGER COcall	$46,640,000	–	2,000,000	–	1.15%	–
DB	New	DEUTSCHE BANK AGnamen akt	$44,475,000	–	2,500,000	–	1.10%	–
HAL	New	HALLIBURTON COcall	$42,710,000	–	1,000,000	–	1.06%	–
TXT	New	TEXTRON INCcall	$42,390,000	–	900,000	–	1.05%	–
UAL	New	UNITED CONTL HLDGS INCcall	$37,625,000	–	500,000	–	0.93%	–
WFM	New	WHOLE FOODS MKT INCcall	$36,888,000	–	876,000	–	0.91%	–
ABT	New	ABBOTT LABScall	$34,027,000	–	700,000	–	0.84%	–
SAN	New	BANCO SANTANDER SAadr	$33,450,000	–	5,000,000	–	0.83%	–
AA	New	ALCOA CORPcall	$32,650,000	–	1,000,000	–	0.81%	–
FEYE	New	FIREEYE INC	$30,420,000	–	2,000,000	–	0.75%	–
GLW	New	CORNING INCcall	$30,050,000	–	1,000,000	–	0.74%	–
CSIQ	New	CANADIAN SOLAR INCcall	$29,522,000	–	1,854,400	–	0.73%	–
CS	New	CREDIT SUISSE GROUPcall	$29,200,000	–	2,000,000	–	0.72%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$29,200,000	–	2,000,000	–	0.72%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$24,020,000	–	2,000,000	–	0.59%	–
JWN	New	NORDSTROM INCcall	$23,915,000	–	500,000	–	0.59%	–
X	New	UNITED STATES STL CORP NEWcall	$22,140,000	–	1,000,000	–	0.55%	–
FN	New	FABRINETcall	$21,330,000	–	500,000	–	0.53%	–
TER	New	TERADYNE INC	$21,021,000	–	700,000	–	0.52%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$18,195,000	–	2,695,580	–	0.45%	–
YRCW	New	YRC WORLDWIDE INC	$17,792,000	–	1,600,000	–	0.44%	–
ORBC	New	ORBCOMM INC	$16,950,000	–	1,500,000	–	0.42%	–
NPTN	New	NEOPHOTONICS CORP	$15,503,000	–	2,008,200	–	0.38%	–
YELP	New	YELP INCcall	$15,010,000	–	500,000	–	0.37%	–
TXT	New	TEXTRON INC	$11,772,000	–	249,941	–	0.29%	–
KITE	New	KITE PHARMA INC	$10,367,000	–	100,000	–	0.26%	–
KITE	New	KITE PHARMA INCcall	$10,367,000	–	100,000	–	0.26%	–
CBI	New	CHICAGO BRIDGE & IRON CO N V	$9,865,000	–	500,000	–	0.24%	–
SCWX	New	SECUREWORKS CORPcl a	$9,522,000	–	1,025,000	–	0.24%	–
CLF	New	CLIFFS NAT RES INCcall	$6,920,000	–	1,000,000	–	0.17%	–
CLF	New	CLIFFS NAT RES INC	$6,920,000	–	1,000,000	–	0.17%	–
AA	New	ALCOA CORP	$6,530,000	–	200,000	–	0.16%	–
FSLR	New	FIRST SOLAR INCcall	$3,988,000	–	100,000	–	0.10%	–
FSLR	New	FIRST SOLAR INC	$3,988,000	–	100,000	–	0.10%	–
TRXC	New	TRANSENTERIX INC	$2,840,000	–	4,000,000	–	0.07%	–
ALRN	New	AILERON THERAPEUTICS INC	$335,000	–	30,000	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
CAFD	Exit	8POINT3 ENERGY PARTNERS LPcl a rpt ltdpt	$0	–	-99,500	–	-0.03%	–
TRXC	Exit	TRANSENTERIX INC	$0	–	-2,000,000	–	-0.07%	–
CLF	Exit	CLIFFS NAT RES INCcall	$0	–	-1,000,000	–	-0.12%	–
CLF	Exit	CLIFFS NAT RES INC	$0	–	-1,000,000	–	-0.12%	–
CRCQQ	Exit	CALIFORNIA RES CORP	$0	–	-500,000	–	-0.13%	–
YELP	Exit	YELP INCcl a	$0	–	-200,000	–	-0.17%	–
CIEN	Exit	CIENA CORPcall	$0	–	-400,000	–	-0.18%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-400,000	–	-0.18%	–
JCPNQ	Exit	PENNEY J C INCcall	$0	–	-1,000,000	–	-0.18%	–
AA	Exit	ALCOA INCcall	$0	–	-972,500	–	-0.20%	–
ORBC	Exit	ORBCOMM INC	$0	–	-1,000,000	–	-0.21%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-200,000	–	-0.21%	–
SCWX	Exit	SECUREWORKS CORPcl a	$0	–	-846,182	–	-0.21%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-1,000,000	–	-0.22%	–
WNC	Exit	WABASH NATL CORP	$0	–	-1,000,000	–	-0.29%	–
FEYE	Exit	FIREEYE INC	$0	–	-1,000,000	–	-0.30%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-300,000	–	-0.30%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-3,000,000	–	-0.30%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-1,000,000	–	-0.33%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-450,000	–	-0.33%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-1,000,000	–	-0.36%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-520,000	–	-0.41%	–
YELP	Exit	YELP INCcall	$0	–	-500,000	–	-0.42%	–
CIEN	Exit	CIENA CORP	$0	–	-1,000,000	–	-0.44%	–
WRK	Exit	WESTROCK COcall	$0	–	-500,000	–	-0.49%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-2,000,000	–	-0.50%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-2,000,000	–	-0.53%	–
AAPRB	Exit	ALCOA INC	$0	–	-874,775	–	-0.58%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-400,000	–	-0.58%	–
AMAT	Exit	APPLIED MATLS INCcall	$0	–	-1,000,000	–	-0.61%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-2,000,000	–	-0.63%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-2,620,900	–	-0.69%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,000,000	–	-0.74%	–
M	Exit	MACYS INCcall	$0	–	-1,000,000	–	-0.74%	–
X	Exit	UNITED STATES STL CORP NEWcall	$0	–	-2,000,000	–	-0.76%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-3,000,000	–	-0.79%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,000,000	–	-0.79%	–
DXJ	Exit	WISDOMTREE TRcall	$0	–	-1,000,000	–	-0.86%	–
MET	Exit	METLIFE INC	$0	–	-1,000,000	–	-0.89%	–
C	Exit	CITIGROUP INC	$0	–	-1,000,000	–	-0.95%	–
BHI	Exit	BAKER HUGHES INCcall	$0	–	-1,000,000	–	-1.01%	–
UAL	Exit	UNITED CONTL HLDGS INCcall	$0	–	-1,000,000	–	-1.05%	–
NKE	Exit	NIKE INCcall	$0	–	-1,000,000	–	-1.06%	–
BAC	Exit	BANK AMER CORP	$0	–	-4,000,000	–	-1.26%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-1,000,000	–	-1.59%	–
PSX	Exit	PHILLIPS 66call	$0	–	-1,000,000	–	-1.62%	–
PRU	Exit	PRUDENTIAL FINL INCcall	$0	–	-1,000,000	–	-1.64%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-2,972,500	–	-2.19%	–
FB	Exit	FACEBOOK INCput	$0	–	-900,000	–	-2.32%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-3,000,000	–	-2.37%	–
C	Exit	CITIGROUP INCcall	$0	–	-2,972,500	–	-2.82%	–
UPS	Exit	UNITED PARCEL SERVICE INCcall	$0	–	-1,521,100	–	-3.34%	–
HYG	Exit	ISHARES TRput	$0	–	-2,000,000	–	-3.51%	–
INTC	Exit	INTEL CORPcall	$0	–	-5,000,000	–	-3.79%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-2,000,000	–	-4.25%	–
WMT	Exit	WAL-MART STORES INCcall	$0	–	-3,000,000	–	-4.35%	–
AAPL	Exit	APPLE INCcall	$0	–	-2,000,000	–	-4.54%	–
TSLA	Exit	TESLA MTRS INCcall	$0	–	-1,300,000	–	-5.33%	–
MET	Exit	METLIFE INCcall	$0	–	-7,000,000	–	-6.25%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHScall	$0	–	-2,000,000	–	-6.38%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-2,000,000	–	-8.69%	–
TLT	Exit	ISHARES TRput	$0	–	-5,000,000	–	-13.82%	–

Q3 2016

			Value		Shares		↓ Weighting
TLT	Buy	ISHARES TRput	$687,550,000	+408.2%	5,000,000	+413.3%	13.82%	+247.2%
SPY	New	SPDR S&P 500 ETF TRput	$432,600,000	–	2,000,000	–	8.69%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHScall	$317,700,000	-10.4%	2,000,000	-14.4%	6.38%	-38.8%
MET	Buy	METLIFE INCcall	$311,010,000	+98.0%	7,000,000	+77.5%	6.25%	+35.2%
TSLA	Buy	TESLA MTRS INCcall	$265,239,000	+16.8%	1,300,000	+21.5%	5.33%	-20.2%
AAPL	Buy	APPLE INCcall	$226,100,000	+21.4%	2,000,000	+2.7%	4.54%	-17.0%
WMT	Buy	WAL-MART STORES INCcall	$216,360,000	+509.1%	3,000,000	+516.6%	4.35%	+316.1%
BABA	Buy	ALIBABA GROUP HLDG LTDcall	$211,580,000	+166.0%	2,000,000	+100.0%	4.25%	+81.7%
INTC	Buy	INTEL CORPcall	$188,750,000	+191.5%	5,000,000	+153.3%	3.79%	+99.1%
HYG	New	ISHARES TRput	$174,520,000	–	2,000,000	–	3.51%	–
UPS	Sell	UNITED PARCEL SERVICE INCcall	$166,347,000	-44.0%	1,521,100	-44.8%	3.34%	-61.7%
C	Buy	CITIGROUP INCcall	$140,391,000	+13.4%	2,972,500	+1.8%	2.82%	-22.5%
DAL	New	DELTA AIR LINES INC DELcall	$118,080,000	–	3,000,000	–	2.37%	–
FB	New	FACEBOOK INCput	$115,443,000	–	900,000	–	2.32%	–
AAL	Sell	AMERICAN AIRLS GROUP INCcall	$108,823,000	-13.3%	2,972,500	-32.9%	2.19%	-40.8%
PRU	Sell	PRUDENTIAL FINL INCcall	$81,650,000	-41.2%	1,000,000	-48.7%	1.64%	-59.9%
PSX	New	PHILLIPS 66call	$80,550,000	–	1,000,000	–	1.62%	–
GILD	New	GILEAD SCIENCES INCcall	$79,120,000	–	1,000,000	–	1.59%	–
BAC	Buy	BANK AMER CORP	$62,600,000	+61.7%	4,000,000	+37.1%	1.26%	+10.4%
NKE	Buy	NIKE INCcall	$52,650,000	-2.1%	1,000,000	+2.7%	1.06%	-33.1%
UAL	New	UNITED CONTL HLDGS INCcall	$52,470,000	–	1,000,000	–	1.05%	–
BHI	New	BAKER HUGHES INCcall	$50,470,000	–	1,000,000	–	1.01%	–
C	Buy	CITIGROUP INC	$47,230,000	+14.3%	1,000,000	+2.6%	0.95%	-22.0%
MET	Sell	METLIFE INC	$44,430,000	-23.5%	1,000,000	-31.5%	0.89%	-47.7%
DXJ	New	WISDOMTREE TRcall	$42,910,000	–	1,000,000	–	0.86%	–
DAL	Sell	DELTA AIR LINES INC DEL	$39,360,000	-46.0%	1,000,000	-50.0%	0.79%	-63.1%
DB	Buy	DEUTSCHE BANK AGcall	$39,270,000	+186.0%	3,000,000	+200.0%	0.79%	+95.3%
X	Buy	UNITED STATES STL CORP NEWcall	$37,720,000	+129.7%	2,000,000	+105.3%	0.76%	+56.9%
M	New	MACYS INCcall	$37,050,000	–	1,000,000	–	0.74%	–
CS	Buy	CREDIT SUISSE GROUPcall	$34,439,000	+60.9%	2,620,900	+31.0%	0.69%	+9.8%
BAC	Buy	BANK AMER CORPcall	$31,300,000	+21.1%	2,000,000	+2.7%	0.63%	-17.2%
AMAT	New	APPLIED MATLS INCcall	$30,150,000	–	1,000,000	–	0.61%	–
WMT	New	WAL-MART STORES INC	$28,848,000	–	400,000	–	0.58%	–
CS	Buy	CREDIT SUISSE GROUPsponsored adr	$26,280,000	+68.3%	2,000,000	+37.0%	0.53%	+15.0%
YRCW	Sell	YRC WORLDWIDE INC	$24,640,000	+37.2%	2,000,000	-2.0%	0.50%	-6.2%
WRK	New	WESTROCK COcall	$24,240,000	–	500,000	–	0.49%	–
CIEN	New	CIENA CORP	$21,800,000	–	1,000,000	–	0.44%	–
YELP	Buy	YELP INCcall	$20,850,000	+41.0%	500,000	+2.7%	0.42%	-3.7%
FSLR	Buy	FIRST SOLAR INCcall	$20,535,000	-13.0%	520,000	+6.8%	0.41%	-40.6%
MU	New	MICRON TECHNOLOGY INCcall	$17,780,000	–	1,000,000	–	0.36%	–
XPO	New	XPO LOGISTICS INC	$16,502,000	–	450,000	–	0.33%	–
NPTN	Sell	NEOPHOTONICS CORP	$16,340,000	+60.4%	1,000,000	-6.5%	0.33%	+9.3%
BHI	New	BAKER HUGHES INC	$15,141,000	–	300,000	–	0.30%	–
MUFG	Buy	MITSUBISHI UFJ FINL GROUP INsponsored adr	$15,150,000	+75.9%	3,000,000	+54.3%	0.30%	+20.2%
FEYE	New	FIREEYE INC	$14,730,000	–	1,000,000	–	0.30%	–
WNC	Buy	WABASH NATL CORP	$14,240,000	+15.3%	1,000,000	+2.9%	0.29%	-21.2%
FCX	New	FREEPORT-MCMORAN INCcl b	$10,860,000	–	1,000,000	–	0.22%	–
SCWX	Buy	SECUREWORKS CORPcl a	$10,586,000	-2.9%	846,182	+9.5%	0.21%	-33.6%
UAL	New	UNITED CONTL HLDGS INC	$10,494,000	–	200,000	–	0.21%	–
ORBC	Buy	ORBCOMM INC	$10,250,000	+5.9%	1,000,000	+2.8%	0.21%	-27.7%
JCPNQ	Buy	PENNEY J C INCcall	$9,220,000	+6.8%	1,000,000	+2.8%	0.18%	-27.2%
PBF	New	PBF ENERGY INCcl a	$9,056,000	–	400,000	–	0.18%	–
CIEN	New	CIENA CORPcall	$8,720,000	–	400,000	–	0.18%	–
YELP	New	YELP INCcl a	$8,340,000	–	200,000	–	0.17%	–
CRCQQ	Buy	CALIFORNIA RES CORP	$6,250,000	+5.4%	500,000	+2.9%	0.13%	-27.6%
CLF	New	CLIFFS NAT RES INCcall	$5,850,000	–	1,000,000	–	0.12%	–
CLF	New	CLIFFS NAT RES INC	$5,850,000	–	1,000,000	–	0.12%	–
TRXC	Buy	TRANSENTERIX INC	$3,380,000	+42.5%	2,000,000	+2.9%	0.07%	-2.9%
CAFD	Sell	8POINT3 ENERGY PARTNERS LPcl a rpt ltdpt	$1,433,000	-81.4%	99,500	-79.6%	0.03%	-87.2%
CRCQQ	Exit	CALIFORNIA RES CORPput	$0	–	-487,000	–	-0.18%	–
CF	Exit	CF INDS HLDGS INCcall	$0	–	-500,000	–	-0.35%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-1,458,830	–	-0.38%	–
MU	Exit	MICRON TECHNOLOGY INCput	$0	–	-1,000,000	–	-0.40%	–
NVDA	Exit	NVIDIA CORP	$0	–	-388,705	–	-0.54%	–
GLW	Exit	CORNING INCcall	$0	–	-973,000	–	-0.59%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-97,375	–	-0.61%	–
TSLA	Exit	TESLA MTRS INCput	$0	–	-97,500	–	-0.61%	–
AAL	Exit	AMERICAN AIRLS GROUP INCput	$0	–	-1,000,000	–	-0.83%	–
SPWR	Exit	SUNPOWER CORPcall	$0	–	-1,996,500	–	-0.91%	–
DAL	Exit	DELTA AIR LINES INC DELput	$0	–	-1,000,000	–	-1.07%	–
MET	Exit	METLIFE INCput	$0	–	-1,000,000	–	-1.17%	–
C	Exit	CITIGROUP INCput	$0	–	-1,000,000	–	-1.25%	–
RIO	Exit	RIO TINTO PLCcall	$0	–	-1,787,000	–	-1.64%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INCcall	$0	–	-195,000	–	-2.31%	–
EEM	Exit	ISHARES TRcall	$0	–	-2,812,500	–	-2.84%	–
VXX	Exit	BARCLAYS BK PLCcall	$0	–	-2,921,500	–	-4.75%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-1,500,000	–	-6.56%	–

Q2 2016

			Value		Shares		↓ Weighting
IBM	New	INTERNATIONAL BUSINESS MACHScall	$354,482,000	–	2,335,500	–	10.43%	–
UPS	New	UNITED PARCEL SERVICE INCcall	$296,984,000	–	2,757,000	–	8.74%	–
TSLA	New	TESLA MTRS INCcall	$227,139,000	–	1,070,000	–	6.68%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$222,870,000	–	1,500,000	–	6.56%	–
AAPL	New	APPLE INCcall	$186,181,000	–	1,947,500	–	5.48%	–
VXX	New	BARCLAYS BK PLCcall	$161,384,000	–	2,921,500	–	4.75%	–
MET	New	METLIFE INCcall	$157,109,000	–	3,944,500	–	4.62%	–
PRU	New	PRUDENTIAL FINL INCcall	$138,970,000	–	1,948,000	–	4.09%	–
TLT	New	ISHARES TRput	$135,289,000	–	974,000	–	3.98%	–
AAL	New	AMERICAN AIRLS GROUP INCcall	$125,498,000	–	4,433,000	–	3.69%	–
C	New	CITIGROUP INCcall	$123,800,000	–	2,920,500	–	3.64%	–
EEM	New	ISHARES TRcall	$96,638,000	–	2,812,500	–	2.84%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$79,530,000	–	1,000,000	–	2.34%	–
CMG	New	CHIPOTLE MEXICAN GRILL INCcall	$78,538,000	–	195,000	–	2.31%	–
DAL	New	DELTA AIR LINES INC DEL	$72,860,000	–	2,000,000	–	2.14%	–
INTC	New	INTEL CORPcall	$64,747,000	–	1,974,000	–	1.90%	–
MET	New	METLIFE INC	$58,111,000	–	1,458,985	–	1.71%	–
RIO	New	RIO TINTO PLCcall	$55,933,000	–	1,787,000	–	1.64%	–
NKE	New	NIKE INCcall	$53,765,000	–	974,000	–	1.58%	–
C	New	CITIGROUP INCput	$42,390,000	–	1,000,000	–	1.25%	–
C	New	CITIGROUP INC	$41,323,000	–	974,840	–	1.22%	–
MET	New	METLIFE INCput	$39,830,000	–	1,000,000	–	1.17%	–
BAC	New	BANK AMER CORP	$38,703,000	–	2,916,610	–	1.14%	–
DAL	New	DELTA AIR LINES INC DELput	$36,430,000	–	1,000,000	–	1.07%	–
WMT	New	WAL-MART STORES INCcall	$35,524,000	–	486,500	–	1.04%	–
SPWR	New	SUNPOWER CORPcall	$30,926,000	–	1,996,500	–	0.91%	–
AAPRB	New	ALCOA INC	$28,754,000	–	874,775	–	0.85%	–
AAL	New	AMERICAN AIRLS GROUP INC	$28,310,000	–	1,000,000	–	0.83%	–
AAL	New	AMERICAN AIRLS GROUP INCput	$28,310,000	–	1,000,000	–	0.83%	–
BAC	New	BANK AMER CORPcall	$25,843,000	–	1,947,500	–	0.76%	–
FSLR	New	FIRST SOLAR INCcall	$23,610,000	–	487,000	–	0.70%	–
CS	New	CREDIT SUISSE GROUPcall	$21,400,000	–	2,000,000	–	0.63%	–
TSLA	New	TESLA MTRS INCput	$20,697,000	–	97,500	–	0.61%	–
TSLA	New	TESLA MTRS INC	$20,671,000	–	97,375	–	0.61%	–
GLW	New	CORNING INCcall	$19,927,000	–	973,000	–	0.59%	–
NVDA	New	NVIDIA CORP	$18,273,000	–	388,705	–	0.54%	–
YRCW	New	YRC WORLDWIDE INC	$17,963,000	–	2,041,250	–	0.53%	–
X	New	UNITED STATES STL CORP NEWcall	$16,422,000	–	974,000	–	0.48%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$15,616,000	–	1,459,460	–	0.46%	–
YELP	New	YELP INCcall	$14,785,000	–	487,000	–	0.44%	–
MU	New	MICRON TECHNOLOGY INCput	$13,760,000	–	1,000,000	–	0.40%	–
DB	New	DEUTSCHE BANK AGcall	$13,730,000	–	1,000,000	–	0.40%	–
JCPNQ	New	PENNEY J C INC	$12,954,000	–	1,458,830	–	0.38%	–
WNC	New	WABASH NATL CORP	$12,346,000	–	972,090	–	0.36%	–
CF	New	CF INDS HLDGS INCcall	$12,050,000	–	500,000	–	0.35%	–
SCWX	New	SECUREWORKS CORPcl a	$10,899,000	–	773,000	–	0.32%	–
NPTN	New	NEOPHOTONICS CORP	$10,190,000	–	1,069,265	–	0.30%	–
ORBC	New	ORBCOMM INC	$9,675,000	–	972,385	–	0.28%	–
AA	New	ALCOA INCcall	$9,015,000	–	972,500	–	0.26%	–
JCPNQ	New	PENNEY J C INCcall	$8,636,000	–	972,500	–	0.25%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$8,613,000	–	1,944,170	–	0.25%	–
CAFD	New	8POINT3 ENERGY PARTNERS LPcl a rpt ltdpt	$7,711,000	–	488,065	–	0.23%	–
CRCQQ	New	CALIFORNIA RES CORPput	$5,941,000	–	487,000	–	0.18%	–
CRCQQ	New	CALIFORNIA RES CORP	$5,929,000	–	485,952	–	0.17%	–
TRXC	New	TRANSENTERIX INC	$2,372,000	–	1,944,260	–	0.07%	–

Q4 2015

			Value		Shares		↓ Weighting
WNC	Exit	WABASH NATL CORPcall	$0	–	-147,000	–	-0.05%	–
CAFD	Exit	8POINT3 ENERGY PARTNERS LPcl a rpt ltdpt	$0	–	-200,000	–	-0.07%	–
GDOT	Exit	GREEN DOT CORPcl a	$0	–	-200,000	–	-0.12%	–
SPWR	Exit	SUNPOWER CORPcall	$0	–	-200,000	–	-0.14%	–
MET	Exit	METLIFE INC	$0	–	-100,000	–	-0.16%	–
LXRX	Exit	LEXICON PHARMACEUTICALS INC	$0	–	-500,000	–	-0.18%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-300,000	–	-0.20%	–
WNC	Exit	WABASH NATL CORP	$0	–	-600,000	–	-0.22%	–
TRXC	Exit	TRANSENTERIX INC	$0	–	-3,000,000	–	-0.23%	–
SEDG	Exit	SOLAREDGE TECHNOLOGIES INC	$0	–	-301,000	–	-0.23%	–
IP	Exit	INTL PAPER CO	$0	–	-200,000	–	-0.26%	–
SFM	Exit	SPROUTS FMRS MKT INCcall	$0	–	-500,000	–	-0.36%	–
XPO	Exit	XPO LOGISTICS INCcall	$0	–	-500,000	–	-0.40%	–
SFM	Exit	SPROUTS FMRS MKT INC	$0	–	-600,000	–	-0.43%	–
F	Exit	FORD MTR CO DELcall	$0	–	-1,000,000	–	-0.46%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-2,000,000	–	-0.46%	–
C	Exit	CITIGROUP INC	$0	–	-300,000	–	-0.50%	–
GPRO	Exit	GOPRO INCcall	$0	–	-500,000	–	-0.53%	–
AAPRB	Exit	ALCOA INC	$0	–	-500,000	–	-0.57%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-2,852,840	–	-0.59%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-2,000,000	–	-0.63%	–
JCPNQ	Exit	PENNEY J C INCcall	$0	–	-2,000,000	–	-0.63%	–
SPWR	Exit	SUNPOWER CORP	$0	–	-935,000	–	-0.64%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-1,525,000	–	-0.68%	–
CREE	Exit	CREE INCcall	$0	–	-981,500	–	-0.81%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-600,000	–	-0.87%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-500,000	–	-1.10%	–
A	Exit	AGILENT TECHNOLOGIES INCcall	$0	–	-1,000,000	–	-1.16%	–
NVDA	Exit	NVIDIA CORP	$0	–	-1,400,000	–	-1.17%	–
PRU	Exit	PRUDENTIAL FINL INCcall	$0	–	-499,400	–	-1.29%	–
AA	Exit	ALCOA INCcall	$0	–	-4,069,500	–	-1.33%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,084,477	–	-1.43%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-1,000,000	–	-1.52%	–
BAC	Exit	BANK AMER CORP	$0	–	-2,946,950	–	-1.56%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,027,787	–	-1.56%	–
TBF	Exit	PROSHARES TRcall	$0	–	-2,000,000	–	-1.66%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-500,000	–	-1.66%	–
IP	Exit	INTL PAPER COcall	$0	–	-1,869,700	–	-2.39%	–
FDX	Exit	FEDEX CORPcall	$0	–	-500,000	–	-2.44%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-2,300,000	–	-3.02%	–
IEF	Exit	ISHARES TRput	$0	–	-1,000,000	–	-3.65%	–
TSLA	Exit	TESLA MTRS INCcall	$0	–	-450,000	–	-3.79%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-4,044,500	–	-4.11%	–
TLT	Exit	ISHARES TRput	$0	–	-1,000,000	–	-4.18%	–
EEM	Exit	ISHARES TRcall	$0	–	-4,000,000	–	-4.44%	–
MET	Exit	METLIFE INCcall	$0	–	-3,589,300	–	-5.73%	–
C	Exit	CITIGROUP INCcall	$0	–	-6,000,000	–	-10.08%	–
UPS	Exit	UNITED PARCEL SERVICE INCcall	$0	–	-4,041,200	–	-13.51%	–
WMT	Exit	WAL-MART STORES INCcall	$0	–	-7,646,000	–	-16.79%	–

Q3 2015

			Value		Shares		↓ Weighting
WMT	Buy	WAL-MART STORES INCcall	$495,767,000	+3.5%	7,646,000	+13.2%	16.79%	+7.0%
UPS	Buy	UNITED PARCEL SERVICE INCcall	$398,826,000	+311.5%	4,041,200	+304.1%	13.51%	+325.6%
C	Buy	CITIGROUP INCcall	$297,660,000	+7.9%	6,000,000	+20.2%	10.08%	+11.6%
MET	Buy	METLIFE INCcall	$169,235,000	+181.8%	3,589,300	+234.6%	5.73%	+191.4%
EEM	New	ISHARES TRcall	$131,120,000	–	4,000,000	–	4.44%	–
GM	Buy	GENERAL MTRS COcall	$121,416,000	+76.6%	4,044,500	+96.0%	4.11%	+82.6%
TSLA	Sell	TESLA MTRS INCcall	$111,780,000	-65.8%	450,000	-63.1%	3.79%	-64.7%
IEF	New	ISHARES TRput	$107,870,000	–	1,000,000	–	3.65%	–
AAL	Buy	AMERICAN AIRLS GROUP INCcall	$89,309,000	+123.6%	2,300,000	+130.0%	3.02%	+131.3%
FDX	New	FEDEX CORPcall	$71,990,000	–	500,000	–	2.44%	–
IP	Sell	INTL PAPER COcall	$70,656,000	-49.3%	1,869,700	-36.2%	2.39%	-47.6%
GILD	New	GILEAD SCIENCES INCcall	$49,095,000	–	500,000	–	1.66%	–
TBF	New	PROSHARES TRcall	$49,040,000	–	2,000,000	–	1.66%	–
DAL	Sell	DELTA AIR LINES INC DEL	$46,117,000	+7.3%	1,027,787	-1.8%	1.56%	+10.9%
BAC	New	BANK AMER CORP	$45,913,000	–	2,946,950	–	1.56%	–
AAL	Buy	AMERICAN AIRLS GROUP INC	$42,110,000	+3.4%	1,084,477	+6.4%	1.43%	+7.0%
AA	New	ALCOA INCcall	$39,311,000	–	4,069,500	–	1.33%	–
PRU	Sell	PRUDENTIAL FINL INCcall	$38,059,000	-55.2%	499,400	-48.6%	1.29%	-53.7%
NVDA	Sell	NVIDIA CORP	$34,510,000	+21.5%	1,400,000	-0.9%	1.17%	+25.7%
A	New	AGILENT TECHNOLOGIES INCcall	$34,330,000	–	1,000,000	–	1.16%	–
WMT	Buy	WAL-MART STORES INC	$32,420,000	+128.5%	500,000	+150.0%	1.10%	+136.1%
FSLR	Buy	FIRST SOLAR INC	$25,650,000	+992.0%	600,000	+1100.0%	0.87%	+1028.6%
CREE	New	CREE INCcall	$23,782,000	–	981,500	–	0.81%	–
YRCW	Buy	YRC WORLDWIDE INC	$20,222,000	+16.7%	1,525,000	+14.3%	0.68%	+20.8%
SPWR	Buy	SUNPOWER CORP	$18,737,000	+448.8%	935,000	+678.1%	0.64%	+467.0%
JCPNQ	Buy	PENNEY J C INC	$18,580,000	+124.0%	2,000,000	+104.2%	0.63%	+131.2%
JCPNQ	Sell	PENNEY J C INCcall	$18,580,000	-9.9%	2,000,000	-17.9%	0.63%	-7.0%
MUFG	Sell	MITSUBISHI UFJ FINL GROUP INsponsored adr	$17,374,000	-17.2%	2,852,840	-1.8%	0.59%	-14.3%
AAPRB	New	ALCOA INC	$16,700,000	–	500,000	–	0.57%	–
GPRO	New	GOPRO INCcall	$15,610,000	–	500,000	–	0.53%	–
C	New	CITIGROUP INC	$14,883,000	–	300,000	–	0.50%	–
F	New	FORD MTR CO DELcall	$13,570,000	–	1,000,000	–	0.46%	–
SFM	Buy	SPROUTS FMRS MKT INC	$12,660,000	-14.8%	600,000	+8.9%	0.43%	-11.9%
XPO	New	XPO LOGISTICS INCcall	$11,915,000	–	500,000	–	0.40%	–
SFM	New	SPROUTS FMRS MKT INCcall	$10,550,000	–	500,000	–	0.36%	–
IP	New	INTL PAPER CO	$7,558,000	–	200,000	–	0.26%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC	$6,899,000	–	301,000	–	0.23%	–
TRXC	Buy	TRANSENTERIX INC	$6,780,000	-13.1%	3,000,000	+15.4%	0.23%	-9.8%
WNC	Buy	WABASH NATL CORP	$6,354,000	+1.3%	600,000	+20.0%	0.22%	+4.9%
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$5,982,000	–	300,000	–	0.20%	–
LXRX	Sell	LEXICON PHARMACEUTICALS INC	$5,370,000	-41.0%	500,000	-55.7%	0.18%	-38.9%
MET	New	METLIFE INC	$4,715,000	–	100,000	–	0.16%	–
SPWR	Sell	SUNPOWER CORPcall	$4,008,000	-71.8%	200,000	-60.0%	0.14%	-70.8%
GDOT	Buy	GREEN DOT CORPcl a	$3,520,000	+47.3%	200,000	+60.0%	0.12%	+52.6%
CAFD	Sell	8POINT3 ENERGY PARTNERS LPcl a rpt ltdpt	$2,122,000	-64.9%	200,000	-38.5%	0.07%	-63.6%
WNC	New	WABASH NATL CORPcall	$1,557,000	–	147,000	–	0.05%	–
VMEM	Exit	VIOLIN MEMORY INC	$0	–	-1,001,100	–	-0.08%	–
CLF	Exit	CLIFFS NAT RES INCcall	$0	–	-1,000,000	–	-0.14%	–
ABC	Exit	AMERISOURCEBERGEN CORPput	$0	–	-50,000	–	-0.17%	–
SFM	Exit	SPROUTS FMRS MKT INCput	$0	–	-250,000	–	-0.22%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-992,920	–	-0.34%	–
CREE	Exit	CREE INC	$0	–	-400,000	–	-0.34%	–
COH	Exit	COACH INCcall	$0	–	-304,500	–	-0.34%	–
YELP	Exit	YELP INCcl a	$0	–	-250,000	–	-0.35%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-496,500	–	-0.42%	–
F	Exit	FORD MTR CO DEL	$0	–	-993,210	–	-0.49%	–
	Exit	ALCOA INC	$0	–	-400,000	–	-0.52%	–
TWTR	Exit	TWITTER INCcall	$0	–	-500,000	–	-0.59%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-666,230	–	-0.60%	–
UAL	Exit	UNITED CONTL HLDGS INCcall	$0	–	-350,000	–	-0.61%	–
CNW	Exit	CON-WAY INCput	$0	–	-500,000	–	-0.63%	–
NVDA	Exit	NVIDIA CORPcall	$0	–	-1,000,000	–	-0.66%	–
LNKD	Exit	LINKEDIN CORPcall	$0	–	-100,000	–	-0.68%	–
	Exit	ALCOA INCcall	$0	–	-2,069,500	–	-0.76%	–
MBBYF	Exit	MOBILEYE N V AMSTELVEENcall	$0	–	-500,000	–	-0.87%	–
SCTY	Exit	SOLARCITY CORPcall	$0	–	-496,500	–	-0.87%	–
CSCO	Exit	CISCO SYS INCcall	$0	–	-1,000,000	–	-0.90%	–
CNW	Exit	CON-WAY INC	$0	–	-750,301	–	-0.94%	–
SUNEQ	Exit	SUNEDISON INCcall	$0	–	-1,000,000	–	-0.98%	–
ILMN	Exit	ILLUMINA INCput	$0	–	-200,000	–	-1.43%	–
	Exit	BANK AMER CORP	$0	–	-3,000,975	–	-1.67%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-1,457,300	–	-2.24%	–
NUE	Exit	NUCOR CORPcall	$0	–	-1,993,500	–	-2.88%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-2,000,000	–	-13.48%	–

Q2 2015

			Value		Shares		↓ Weighting
WMT	New	WAL-MART STORES INCcall	$479,104,000	–	6,754,600	–	15.69%	–
SPY	New	SPDR S&P 500 ETF TRcall	$411,700,000	–	2,000,000	–	13.48%	–
TSLA	New	TESLA MTRS INCcall	$327,143,000	–	1,219,500	–	10.71%	–
C	New	CITIGROUP INCcall	$275,747,000	–	4,991,800	–	9.03%	–
IP	New	INTL PAPER COcall	$139,453,000	–	2,930,300	–	4.57%	–
TLT	New	ISHARES TRput	$117,460,000	–	1,000,000	–	3.85%	–
UPS	New	UNITED PARCEL SERVICE INCcall	$96,910,000	–	1,000,000	–	3.17%	–
NUE	New	NUCOR CORPcall	$87,854,000	–	1,993,500	–	2.88%	–
PRU	New	PRUDENTIAL FINL INCcall	$84,982,000	–	971,000	–	2.78%	–
GM	New	GENERAL MTRS COcall	$68,760,000	–	2,063,000	–	2.25%	–
FSLR	New	FIRST SOLAR INCcall	$68,464,000	–	1,457,300	–	2.24%	–
MET	New	METLIFE INCcall	$60,055,000	–	1,072,600	–	1.97%	–
	New	BANK AMER CORP	$51,077,000	–	3,000,975	–	1.67%	–
ILMN	New	ILLUMINA INCput	$43,672,000	–	200,000	–	1.43%	–
DAL	New	DELTA AIR LINES INC DEL	$42,995,000	–	1,046,612	–	1.41%	–
DAL	New	DELTA AIR LINES INC DELcall	$41,080,000	–	1,000,000	–	1.34%	–
AAL	New	AMERICAN AIRLS GROUP INC	$40,709,000	–	1,019,372	–	1.33%	–
AAL	New	AMERICAN AIRLS GROUP INCcall	$39,935,000	–	1,000,000	–	1.31%	–
SUNEQ	New	SUNEDISON INCcall	$29,910,000	–	1,000,000	–	0.98%	–
CNW	New	CON-WAY INC	$28,789,000	–	750,301	–	0.94%	–
NVDA	New	NVIDIA CORP	$28,407,000	–	1,412,565	–	0.93%	–
CSCO	New	CISCO SYS INCcall	$27,460,000	–	1,000,000	–	0.90%	–
SCTY	New	SOLARCITY CORPcall	$26,588,000	–	496,500	–	0.87%	–
MBBYF	New	MOBILEYE N V AMSTELVEENcall	$26,585,000	–	500,000	–	0.87%	–
	New	ALCOA INCcall	$23,075,000	–	2,069,500	–	0.76%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$20,975,000	–	2,905,105	–	0.69%	–
LNKD	New	LINKEDIN CORPcall	$20,663,000	–	100,000	–	0.68%	–
JCPNQ	New	PENNEY J C INCcall	$20,629,000	–	2,435,500	–	0.68%	–
NVDA	New	NVIDIA CORPcall	$20,110,000	–	1,000,000	–	0.66%	–
CNW	New	CON-WAY INCput	$19,185,000	–	500,000	–	0.63%	–
UAL	New	UNITED CONTL HLDGS INCcall	$18,554,000	–	350,000	–	0.61%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$18,388,000	–	666,230	–	0.60%	–
NPTN	New	NEOPHOTONICS CORP	$18,260,000	–	2,000,000	–	0.60%	–
TWTR	New	TWITTER INCcall	$18,110,000	–	500,000	–	0.59%	–
YRCW	New	YRC WORLDWIDE INC	$17,325,000	–	1,334,746	–	0.57%	–
	New	ALCOA INC	$15,812,000	–	400,000	–	0.52%	–
F	New	FORD MTR CO DEL	$14,908,000	–	993,210	–	0.49%	–
SFM	New	SPROUTS FMRS MKT INC	$14,863,000	–	550,900	–	0.49%	–
WMT	New	WAL-MART STORES INC	$14,186,000	–	200,000	–	0.46%	–
SPWR	New	SUNPOWER CORPcall	$14,205,000	–	500,000	–	0.46%	–
JNPR	New	JUNIPER NETWORKS INC	$12,894,000	–	496,500	–	0.42%	–
YELP	New	YELP INCcl a	$10,758,000	–	250,000	–	0.35%	–
COH	New	COACH INCcall	$10,539,000	–	304,500	–	0.34%	–
CREE	New	CREE INC	$10,412,000	–	400,000	–	0.34%	–
RF	New	REGIONS FINL CORP NEW	$10,287,000	–	992,920	–	0.34%	–
LXRX	New	LEXICON PHARMACEUTICALS INC	$9,094,000	–	1,129,708	–	0.30%	–
JCPNQ	New	PENNEY J C INC	$8,296,000	–	979,405	–	0.27%	–
TRXC	New	TRANSENTERIX INC	$7,800,000	–	2,600,000	–	0.26%	–
SFM	New	SPROUTS FMRS MKT INCput	$6,745,000	–	250,000	–	0.22%	–
WNC	New	WABASH NATL CORP	$6,270,000	–	499,966	–	0.20%	–
CAFD	New	8POINT3 ENERGY PARTNERS LPcl a rpt ltdpt	$6,052,000	–	325,000	–	0.20%	–
ABC	New	AMERISOURCEBERGEN CORPput	$5,317,000	–	50,000	–	0.17%	–
CLF	New	CLIFFS NAT RES INCcall	$4,330,000	–	1,000,000	–	0.14%	–
SPWR	New	SUNPOWER CORP	$3,414,000	–	120,163	–	0.11%	–
VMEM	New	VIOLIN MEMORY INC	$2,453,000	–	1,001,100	–	0.08%	–
GDOT	New	GREEN DOT CORPcl a	$2,390,000	–	125,000	–	0.08%	–
FSLR	New	FIRST SOLAR INC	$2,349,000	–	50,000	–	0.08%	–

Q4 2014

			Value		Shares		↓ Weighting
HEROQ	Exit	HERCULES OFFSHORE INC	$0	–	-97,200	–	-0.01%	–
EXXIQ	Exit	ENERGY XXI BERMUDA LTDcall	$0	–	-78,300	–	-0.03%	–
TRXC	Exit	TRANSENTERIX INC	$0	–	-297,515	–	-0.05%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-1,635,569	–	-0.20%	–
NOR	Exit	NORANDA ALUM HLDG CORP	$0	–	-1,250,000	–	-0.21%	–
PBF	Exit	PBF ENERGY INCcall	$0	–	-250,000	–	-0.22%	–
SFM	Exit	SPROUTS FMRS MKT INC	$0	–	-300,000	–	-0.32%	–
AOL	Exit	AOL INCcall	$0	–	-200,000	–	-0.33%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-501,900	–	-0.38%	–
RFMD	Exit	RF MICRODEVICES INCcall	$0	–	-1,006,000	–	-0.43%	–
SHLDQ	Exit	SEARS HLDGS CORPcall	$0	–	-500,000	–	-0.46%	–
AOL	Exit	AOL INC	$0	–	-300,000	–	-0.50%	–
SFM	Exit	SPROUTS FMRS MKT INCcall	$0	–	-501,200	–	-0.54%	–
MBBYF	Exit	MOBILEYE N V AMSTELVEEN	$0	–	-300,000	–	-0.59%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-3,000,000	–	-0.62%	–
SPWR	Exit	SUNPOWER CORP	$0	–	-500,000	–	-0.62%	–
	Exit	BANK AMER CORPcall	$0	–	-1,000,000	–	-0.63%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-500,000	–	-0.63%	–
DB	Exit	DEUTSCHE BANK AGnamen akt	$0	–	-500,000	–	-0.64%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-500,000	–	-0.64%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-750,410	–	-0.66%	–
VMC	Exit	VULCAN MATLS CO	$0	–	-301,652	–	-0.67%	–
GLW	Exit	CORNING INCcall	$0	–	-1,000,000	–	-0.71%	–
	Exit	ALCOA INC	$0	–	-400,000	–	-0.74%	–
CREE	Exit	CREE INCcall	$0	–	-500,000	–	-0.75%	–
FEYE	Exit	FIREEYE INCcall	$0	–	-750,000	–	-0.84%	–
CSCO	Exit	CISCO SYS INC	$0	–	-1,000,000	–	-0.93%	–
DXJ	Exit	WISDOMTREE TRcall	$0	–	-500,000	–	-0.96%	–
NUE	Exit	NUCOR CORP	$0	–	-500,000	–	-1.00%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-1,008,300	–	-1.02%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-500,000	–	-1.21%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-500,000	–	-1.21%	–
	Exit	BANK AMER CORP	$0	–	-2,000,000	–	-1.25%	–
INTC	Exit	INTEL CORP	$0	–	-1,000,000	–	-1.28%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,006,400	–	-1.31%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,006,390	–	-1.34%	–
NVDA	Exit	NVIDIA CORP	$0	–	-1,999,910	–	-1.36%	–
NVDA	Exit	NVIDIA CORPcall	$0	–	-2,014,100	–	-1.37%	–
VLO	Exit	VALERO ENERGY CORP NEWcall	$0	–	-1,000,000	–	-1.70%	–
T	Exit	AT&T INCcall	$0	–	-1,330,300	–	-1.72%	–
MET	Exit	METLIFE INCcall	$0	–	-1,000,000	–	-1.98%	–
NUE	Exit	NUCOR CORPcall	$0	–	-1,000,000	–	-2.00%	–
UAL	Exit	UNITED CONTL HLDGS INCcall	$0	–	-2,000,000	–	-3.44%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-2,712,200	–	-3.54%	–
INTC	Exit	INTEL CORPcall	$0	–	-3,005,000	–	-3.85%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-3,350,000	–	-3.94%	–
	Exit	ALCOA INCcall	$0	–	-6,960,000	–	-4.12%	–
C	Exit	CITIGROUP INCcall	$0	–	-3,000,000	–	-5.72%	–
XOM	Exit	EXXON MOBIL CORPcall	$0	–	-2,006,500	–	-6.94%	–
	Exit	APPLE INCcall	$0	–	-2,000,000	–	-7.41%	–
CSCO	Exit	CISCO SYS INCcall	$0	–	-10,928,600	–	-10.12%	–
WMT	Exit	WAL-MART STORES INCcall	$0	–	-6,000,000	–	-16.88%	–

Q3 2014

			Value		Shares		↓ Weighting
WMT	New	WAL-MART STORES INCcall	$458,820,000	–	6,000,000	–	16.88%	–
CSCO	Buy	CISCO SYS INCcall	$275,072,000	+1007.2%	10,928,600	+993.1%	10.12%	+783.6%
	New	APPLE INCcall	$201,500,000	–	2,000,000	–	7.41%	–
XOM	Buy	EXXON MOBIL CORPcall	$188,711,000	-1.3%	2,006,500	+5.6%	6.94%	-21.3%
C	Sell	CITIGROUP INCcall	$155,460,000	-52.9%	3,000,000	-57.2%	5.72%	-62.5%
	New	ALCOA INCcall	$111,986,000	–	6,960,000	–	4.12%	–
GM	New	GENERAL MTRS COcall	$106,999,000	–	3,350,000	–	3.94%	–
INTC	Sell	INTEL CORPcall	$104,634,000	-32.3%	3,005,000	-39.9%	3.85%	-46.0%
AAL	New	AMERICAN AIRLS GROUP INCcall	$96,229,000	–	2,712,200	–	3.54%	–
UAL	Sell	UNITED CONTL HLDGS INCcall	$93,580,000	-32.4%	2,000,000	-40.7%	3.44%	-46.1%
MET	Buy	METLIFE INCcall	$53,720,000	+60.5%	1,000,000	+65.9%	1.98%	+28.1%
T	New	AT&T INCcall	$46,880,000	–	1,330,300	–	1.72%	–
NVDA	Sell	NVIDIA CORPcall	$37,160,000	-45.1%	2,014,100	-44.8%	1.37%	-56.2%
NVDA	Buy	NVIDIA CORP	$36,898,000	+99.0%	1,999,910	+100.0%	1.36%	+58.7%
DAL	Buy	DELTA AIR LINES INC DEL	$36,381,000	-6.0%	1,006,390	+0.6%	1.34%	-25.0%
AAL	Buy	AMERICAN AIRLS GROUP INC	$35,707,000	-16.9%	1,006,400	+0.6%	1.31%	-33.7%
	New	BANK AMER CORP	$34,100,000	–	2,000,000	–	1.25%	–
FSLR	New	FIRST SOLAR INCcall	$32,905,000	–	500,000	–	1.21%	–
CS	New	CREDIT SUISSE GROUPcall	$27,869,000	–	1,008,300	–	1.02%	–
NUE	New	NUCOR CORP	$27,140,000	–	500,000	–	1.00%	–
DXJ	Sell	WISDOMTREE TRcall	$26,160,000	-47.4%	500,000	-50.4%	0.96%	-58.0%
CSCO	New	CISCO SYS INC	$25,170,000	–	1,000,000	–	0.93%	–
FEYE	New	FIREEYE INCcall	$22,920,000	–	750,000	–	0.84%	–
CREE	Sell	CREE INCcall	$20,475,000	-79.6%	500,000	-75.1%	0.75%	-83.7%
	New	ALCOA INC	$20,000,000	–	400,000	–	0.74%	–
GLW	New	CORNING INCcall	$19,340,000	–	1,000,000	–	0.71%	–
VMC	Buy	VULCAN MATLS CO	$18,168,000	-5.0%	301,652	+0.6%	0.67%	-24.2%
PBF	Buy	PBF ENERGY INCcl a	$18,010,000	+35.2%	750,410	+50.1%	0.66%	+7.8%
DB	New	DEUTSCHE BANK AGnamen akt	$17,430,000	–	500,000	–	0.64%	–
DB	New	DEUTSCHE BANK AGcall	$17,430,000	–	500,000	–	0.64%	–
MU	New	MICRON TECHNOLOGY INCcall	$17,130,000	–	500,000	–	0.63%	–
	New	BANK AMER CORPcall	$17,050,000	–	1,000,000	–	0.63%	–
SPWR	Buy	SUNPOWER CORP	$16,940,000	+3.3%	500,000	+25.0%	0.62%	-17.6%
MUFG	Buy	MITSUBISHI UFJ FINL GROUP INsponsored adr	$16,830,000	+9.5%	3,000,000	+20.0%	0.62%	-12.7%
MBBYF	New	MOBILEYE N V AMSTELVEEN	$16,077,000	–	300,000	–	0.59%	–
SFM	New	SPROUTS FMRS MKT INCcall	$14,570,000	–	501,200	–	0.54%	–
AOL	New	AOL INC	$13,485,000	–	300,000	–	0.50%	–
SHLDQ	Buy	SEARS HLDGS CORPcall	$12,615,000	-21.1%	500,000	+25.0%	0.46%	-37.0%
RFMD	New	RF MICRODEVICES INCcall	$11,609,000	–	1,006,000	–	0.43%	–
YRCW	Buy	YRC WORLDWIDE INC	$10,199,000	+81.4%	501,900	+151.0%	0.38%	+44.8%
AOL	New	AOL INCcall	$8,990,000	–	200,000	–	0.33%	–
SFM	New	SPROUTS FMRS MKT INC	$8,721,000	–	300,000	–	0.32%	–
PBF	Sell	PBF ENERGY INCcall	$6,000,000	-55.0%	250,000	-50.0%	0.22%	-64.0%
NOR	Buy	NORANDA ALUM HLDG CORP	$5,650,000	+60.1%	1,250,000	+25.0%	0.21%	+27.6%
NPTN	Sell	NEOPHOTONICS CORP	$5,479,000	-20.2%	1,635,569	-0.9%	0.20%	-36.1%
TRXC	Sell	TRANSENTERIX INC	$1,297,000	-14.2%	297,515	-0.8%	0.05%	-31.4%
HEROQ	Sell	HERCULES OFFSHORE INC	$214,000	-95.2%	97,200	-91.2%	0.01%	-96.1%
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-250,000	–	-0.17%	–
SHLDQ	Exit	SEARS HLDGS CORP	$0	–	-100,000	–	-0.18%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-1,000,000	–	-0.19%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-400,000	–	-0.42%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-200,000	–	-0.43%	–
RFMD	Exit	RF MICRODEVICES INC	$0	–	-1,000,000	–	-0.44%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-300,000	–	-0.57%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-400,000	–	-0.57%	–
PWR	Exit	QUANTA SVCS INCcall	$0	–	-397,500	–	-0.63%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-1,000,000	–	-0.71%	–
SCTY	Exit	SOLARCITY CORPcall	$0	–	-242,200	–	-0.79%	–
TWTR	Exit	TWITTER INCcall	$0	–	-500,000	–	-0.94%	–
AA	Exit	ALCOA INC	$0	–	-2,000,000	–	-1.37%	–
BTU	Exit	PEABODY ENERGY CORPcall	$0	–	-2,000,100	–	-1.51%	–
AMAT	Exit	APPLIED MATLS INCcall	$0	–	-1,500,000	–	-1.56%	–
BHI	Exit	BAKER HUGHES INCcall	$0	–	-532,000	–	-1.83%	–
LLTC	Exit	LINEAR TECHNOLOGY CORPcall	$0	–	-1,000,000	–	-2.17%	–
TSO	Exit	TESORO CORPcall	$0	–	-1,000,000	–	-2.70%	–
AA	Exit	ALCOA INCcall	$0	–	-4,000,000	–	-2.74%	–
HAL	Exit	HALLIBURTON COcall	$0	–	-1,000,000	–	-3.27%	–
TSLA	Exit	TESLA MTRS INCcall	$0	–	-800,000	–	-8.85%	–

Q2 2014

			Value		Shares		↓ Weighting
C	New	CITIGROUP INCcall	$330,407,000	–	7,015,000	–	15.23%	–
TSLA	New	TESLA MTRS INCcall	$192,048,000	–	800,000	–	8.85%	–
XOM	New	EXXON MOBIL CORPcall	$191,292,000	–	1,900,000	–	8.82%	–
INTC	New	INTEL CORPcall	$154,500,000	–	5,000,000	–	7.12%	–
UAL	New	UNITED CONTL HLDGS INCcall	$138,489,000	–	3,372,000	–	6.38%	–
CREE	New	CREE INCcall	$100,290,000	–	2,007,800	–	4.62%	–
HAL	New	HALLIBURTON COcall	$71,010,000	–	1,000,000	–	3.27%	–
NVDA	New	NVIDIA CORPcall	$67,671,000	–	3,650,000	–	3.12%	–
AA	New	ALCOA INCcall	$59,560,000	–	4,000,000	–	2.74%	–
TSO	New	TESORO CORPcall	$58,670,000	–	1,000,000	–	2.70%	–
VLO	New	VALERO ENERGY CORP NEWcall	$50,100,000	–	1,000,000	–	2.31%	–
DXJ	New	WISDOMTREE TRcall	$49,730,000	–	1,007,500	–	2.29%	–
NUE	New	NUCOR CORPcall	$49,250,000	–	1,000,000	–	2.27%	–
LLTC	New	LINEAR TECHNOLOGY CORPcall	$47,070,000	–	1,000,000	–	2.17%	–
AAL	New	AMERICAN AIRLS GROUP INC	$42,960,000	–	1,000,000	–	1.98%	–
BHI	New	BAKER HUGHES INCcall	$39,607,000	–	532,000	–	1.83%	–
DAL	New	DELTA AIR LINES INC DEL	$38,720,000	–	1,000,000	–	1.78%	–
FSLR	New	FIRST SOLAR INC	$35,530,000	–	500,000	–	1.64%	–
AMAT	New	APPLIED MATLS INCcall	$33,826,000	–	1,500,000	–	1.56%	–
MET	New	METLIFE INCcall	$33,480,000	–	602,600	–	1.54%	–
BTU	New	PEABODY ENERGY CORPcall	$32,702,000	–	2,000,100	–	1.51%	–
INTC	New	INTEL CORP	$30,900,000	–	1,000,000	–	1.42%	–
AA	New	ALCOA INC	$29,780,000	–	2,000,000	–	1.37%	–
CSCO	New	CISCO SYS INCcall	$24,845,000	–	999,800	–	1.14%	–
TWTR	New	TWITTER INCcall	$20,485,000	–	500,000	–	0.94%	–
VMC	New	VULCAN MATLS CO	$19,125,000	–	300,000	–	0.88%	–
NVDA	New	NVIDIA CORP	$18,540,000	–	1,000,000	–	0.86%	–
SCTY	New	SOLARCITY CORPcall	$17,099,000	–	242,200	–	0.79%	–
SPWR	New	SUNPOWER CORP	$16,392,000	–	400,000	–	0.76%	–
SHLDQ	New	SEARS HLDGS CORPcall	$15,984,000	–	400,000	–	0.74%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$15,375,000	–	2,500,000	–	0.71%	–
BAC	New	BANK OF AMERICA CORPORATION	$15,370,000	–	1,000,000	–	0.71%	–
PWR	New	QUANTA SVCS INCcall	$13,746,000	–	397,500	–	0.63%	–
PBF	New	PBF ENERGY INCcall	$13,325,000	–	500,000	–	0.61%	–
PBF	New	PBF ENERGY INCcl a	$13,325,000	–	500,000	–	0.61%	–
CHK	New	CHESAPEAKE ENERGY CORP	$12,432,000	–	400,000	–	0.57%	–
UAL	New	UNITED CONTL HLDGS INC	$12,321,000	–	300,000	–	0.57%	–
RFMD	New	RF MICRODEVICES INC	$9,590,000	–	1,000,000	–	0.44%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$9,414,000	–	200,000	–	0.43%	–
SUNEQ	New	SUNEDISON INC	$9,040,000	–	400,000	–	0.42%	–
NPTN	New	NEOPHOTONICS CORP	$6,864,000	–	1,649,895	–	0.32%	–
YRCW	New	YRC WORLDWIDE INC	$5,622,000	–	200,000	–	0.26%	–
HEROQ	New	HERCULES OFFSHORE INC	$4,422,000	–	1,100,000	–	0.20%	–
AMD	New	ADVANCED MICRO DEVICES INC	$4,190,000	–	1,000,000	–	0.19%	–
SHLDQ	New	SEARS HLDGS CORP	$3,996,000	–	100,000	–	0.18%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$3,658,000	–	250,000	–	0.17%	–
NOR	New	NORANDA ALUM HLDG CORP	$3,530,000	–	1,000,000	–	0.16%	–
EXXIQ	New	ENERGY XXI BERMUDA LTDcall	$1,850,000	–	78,300	–	0.08%	–
TRXC	New	TRANSENTERIX INC	$1,512,000	–	300,000	–	0.07%	–

Q4 2013

			Value		Shares		↓ Weighting
CYNI	Exit	CYAN INC	$0	–	-114,667	–	-0.06%	–
TINY	Exit	HARRIS & HARRIS GROUP INC	$0	–	-611,903	–	-0.10%	–
DOOR	Exit	MASONITE INTL CORP NEW	$0	–	-50,000	–	-0.13%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-150,000	–	-0.14%	–
KBH	Exit	KB HOME	$0	–	-150,000	–	-0.15%	–
KBH	Exit	KB HOMEcall	$0	–	-150,000	–	-0.15%	–
GTATQ	Exit	GT ADVANCED TECHNOLOGIES INC	$0	–	-350,000	–	-0.16%	–
GRPN	Exit	GROUPON INC	$0	–	-300,000	–	-0.18%	–
WPRT	Exit	WESTPORT INNOVATIONS INC	$0	–	-200,000	–	-0.26%	–
PHM	Exit	PULTE GROUP INC	$0	–	-300,000	–	-0.27%	–
FIO	Exit	FUSION-IO INC	$0	–	-500,000	–	-0.36%	–
MTG	Exit	MGIC INVT CORP WIScall	$0	–	-1,000,000	–	-0.39%	–
MTG	Exit	MGIC INVT CORP WIS	$0	–	-1,010,721	–	-0.40%	–
PHM	Exit	PULTE GROUP INCcall	$0	–	-500,000	–	-0.44%	–
SFM	Exit	SPROUTS FMRS MKT INCcall	$0	–	-200,000	–	-0.48%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-300,000	–	-0.65%	–
LPX	Exit	LOUISIANA PAC CORP	$0	–	-700,000	–	-0.66%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-2,096,253	–	-0.72%	–
NPTN	Exit	NEOPHOTONICS CORP	$0	–	-1,860,000	–	-0.74%	–
	Exit	BANK OF AMERICA CORPORATION	$0	–	-1,000,000	–	-0.74%	–
SPWR	Exit	SUNPOWER CORPcall	$0	–	-695,000	–	-0.98%	–
LCC	Exit	U S AIRWAYS GROUP INC	$0	–	-981,900	–	-1.00%	–
TSLA	Exit	TESLA MTRS INCcall	$0	–	-108,200	–	-1.13%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-2,650,000	–	-1.14%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,022,816	–	-1.30%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-1,050,000	–	-1.33%	–
VMC	Exit	VULCAN MATLS COcall	$0	–	-500,000	–	-1.40%	–
BRCM	Exit	BROADCOM CORPcall	$0	–	-1,000,000	–	-1.40%	–
LCC	Exit	U S AIRWAYS GROUP INCcall	$0	–	-1,400,000	–	-1.43%	–
YPF	Exit	YPF SOCIEDAD ANONIMAcall	$0	–	-1,350,000	–	-1.46%	–
CREE	Exit	CREE INCcall	$0	–	-500,000	–	-1.62%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INCcall	$0	–	-1,000,000	–	-1.68%	–
GT	Exit	GOODYEAR TIRE & RUBR COcall	$0	–	-1,450,000	–	-1.75%	–
VLO	Exit	VALERO ENERGY CORP NEWcall	$0	–	-1,010,700	–	-1.86%	–
QCOM	Exit	QUALCOMM INCcall	$0	–	-550,000	–	-1.99%	–
OXY	Exit	OCCIDENTAL PETE CORP DELcall	$0	–	-400,000	–	-2.02%	–
INTC	Exit	INTEL CORPcall	$0	–	-2,000,000	–	-2.47%	–
DXJ	Exit	WISDOMTREE TRcall	$0	–	-1,000,000	–	-2.58%	–
GM	Exit	GENERAL MTRS COcall	$0	–	-1,500,000	–	-2.90%	–
	Exit	BANK OF AMERICA CORPORATIONcall	$0	–	-4,000,000	–	-2.97%	–
	Exit	BHP BILLITON LTDcall	$0	–	-1,000,000	–	-3.58%	–
GE	Exit	GENERAL ELECTRIC COcall	$0	–	-3,000,000	–	-3.86%	–
DVN	Exit	DEVON ENERGY CORP NEWcall	$0	–	-1,310,000	–	-4.07%	–
KO	Exit	COCA COLA COcall	$0	–	-2,000,000	–	-4.08%	–
SLB	Exit	SCHLUMBERGER LTDcall	$0	–	-1,000,000	–	-4.76%	–
UAL	Exit	UNITED CONTL HLDGS INCcall	$0	–	-2,895,500	–	-4.79%	–
C	Exit	CITIGROUP INCcall	$0	–	-3,050,000	–	-7.97%	–
PSX	Exit	PHILLIPS 66call	$0	–	-4,005,400	–	-12.47%	–
	Exit	APPLE INCcall	$0	–	-500,000	–	-12.84%	–

Q3 2013

			Value		Shares		↓ Weighting
	Sell	APPLE INCcall	$238,375,000	-49.9%	500,000	-58.3%	12.84%	-64.9%
PSX	Buy	PHILLIPS 66call	$231,592,000	+92.7%	4,005,400	+96.3%	12.47%	+35.1%
C	New	CITIGROUP INCcall	$147,956,000	–	3,050,000	–	7.97%	–
UAL	Buy	UNITED CONTL HLDGS INCcall	$88,921,000	+34.6%	2,895,500	+37.2%	4.79%	-5.6%
SLB	New	SCHLUMBERGER LTDcall	$88,360,000	–	1,000,000	–	4.76%	–
KO	New	COCA COLA COcall	$75,760,000	–	2,000,000	–	4.08%	–
DVN	New	DEVON ENERGY CORP NEWcall	$75,666,000	–	1,310,000	–	4.07%	–
GE	New	GENERAL ELECTRIC COcall	$71,670,000	–	3,000,000	–	3.86%	–
	New	BHP BILLITON LTDcall	$66,500,000	–	1,000,000	–	3.58%	–
	Buy	BANK OF AMERICA CORPORATIONcall	$55,200,000	+329.2%	4,000,000	+300.0%	2.97%	+200.8%
GM	Sell	GENERAL MTRS COcall	$53,955,000	-19.0%	1,500,000	-25.0%	2.90%	-43.2%
DXJ	Buy	WISDOMTREE TRcall	$47,930,000	+75.1%	1,000,000	+66.7%	2.58%	+22.8%
INTC	New	INTEL CORPcall	$45,842,000	–	2,000,000	–	2.47%	–
OXY	New	OCCIDENTAL PETE CORP DELcall	$37,416,000	–	400,000	–	2.02%	–
QCOM	New	QUALCOMM INCcall	$37,026,000	–	550,000	–	1.99%	–
VLO	Buy	VALERO ENERGY CORP NEWcall	$34,515,000	+97.9%	1,010,700	+101.5%	1.86%	+38.8%
GT	Buy	GOODYEAR TIRE & RUBR COcall	$32,554,000	+104.7%	1,450,000	+39.5%	1.75%	+43.5%
HIG	Buy	HARTFORD FINL SVCS GROUP INCcall	$31,120,000	+101.9%	1,000,000	+100.6%	1.68%	+41.6%
CREE	New	CREE INCcall	$30,095,000	–	500,000	–	1.62%	–
YPF	New	YPF SOCIEDAD ANONIMAcall	$27,176,000	–	1,350,000	–	1.46%	–
LCC	Sell	U S AIRWAYS GROUP INCcall	$26,544,000	-19.1%	1,400,000	-30.0%	1.43%	-43.3%
BRCM	New	BROADCOM CORPcall	$26,020,000	–	1,000,000	–	1.40%	–
VMC	New	VULCAN MATLS COcall	$25,905,000	–	500,000	–	1.40%	–
DAL	Sell	DELTA AIR LINES INC DELcall	$24,770,000	-37.7%	1,050,000	-50.6%	1.33%	-56.3%
DAL	Sell	DELTA AIR LINES INC DEL	$24,128,000	-37.1%	1,022,816	-50.1%	1.30%	-55.9%
SUNEQ	Buy	SUNEDISON INC	$21,121,000	+761.7%	2,650,000	+783.3%	1.14%	+504.8%
TSLA	Sell	TESLA MTRS INCcall	$20,923,000	-5.4%	108,200	-47.5%	1.13%	-33.7%
LCC	Sell	U S AIRWAYS GROUP INC	$18,617,000	-44.8%	981,900	-52.2%	1.00%	-61.3%
SPWR	New	SUNPOWER CORPcall	$18,181,000	–	695,000	–	0.98%	–
	New	BANK OF AMERICA CORPORATION	$13,800,000	–	1,000,000	–	0.74%	–
NPTN	Sell	NEOPHOTONICS CORP	$13,745,000	-15.4%	1,860,000	-0.5%	0.74%	-40.7%
MUFG	Buy	MITSUBISHI UFJ FINL GROUP INsponsored adr	$13,437,000	+4.0%	2,096,253	+0.8%	0.72%	-27.0%
LPX	New	LOUISIANA PAC CORP	$12,313,000	–	700,000	–	0.66%	–
FSLR	Sell	FIRST SOLAR INCcall	$12,063,000	-74.1%	300,000	-71.2%	0.65%	-81.9%
SFM	New	SPROUTS FMRS MKT INCcall	$8,878,000	–	200,000	–	0.48%	–
PHM	New	PULTE GROUP INCcall	$8,250,000	–	500,000	–	0.44%	–
MTG	Sell	MGIC INVT CORP WIS	$7,358,000	-41.9%	1,010,721	-51.5%	0.40%	-59.3%
MTG	New	MGIC INVT CORP WIScall	$7,280,000	–	1,000,000	–	0.39%	–
FIO	New	FUSION-IO INC	$6,695,000	–	500,000	–	0.36%	–
PHM	New	PULTE GROUP INC	$4,950,000	–	300,000	–	0.27%	–
WPRT	New	WESTPORT INNOVATIONS INC	$4,838,000	–	200,000	–	0.26%	–
GRPN	New	GROUPON INC	$3,363,000	–	300,000	–	0.18%	–
GTATQ	New	GT ADVANCED TECHNOLOGIES INC	$2,979,000	–	350,000	–	0.16%	–
KBH	New	KB HOMEcall	$2,703,000	–	150,000	–	0.15%	–
KBH	New	KB HOME	$2,703,000	–	150,000	–	0.15%	–
YRCW	New	YRC WORLDWIDE INC	$2,532,000	–	150,000	–	0.14%	–
DOOR	New	MASONITE INTL CORP NEW	$2,447,000	–	50,000	–	0.13%	–
TINY	Sell	HARRIS & HARRIS GROUP INC	$1,836,000	-32.1%	611,903	-31.2%	0.10%	-52.4%
CYNI	Sell	CYAN INC	$1,152,000	-47.5%	114,667	-45.4%	0.06%	-63.3%
KOG	Exit	KODIAK OIL & GAS CORPcall	$0	–	-500,000	–	-0.34%	–
AUXL	Exit	AUXILIUM PHARMACEUTICALS INC	$0	–	-300,000	–	-0.38%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-300,000	–	-0.47%	–
SUNEQ	Exit	SUNEDISON INCcall	$0	–	-810,000	–	-0.51%	–
GLW	Exit	CORNING INCcall	$0	–	-520,000	–	-0.57%	–
MET	Exit	METLIFE INCcall	$0	–	-200,000	–	-0.70%	–
FIO	Exit	FUSION-IO INCcall	$0	–	-727,500	–	-0.80%	–
	Exit	ARCHER DANIELS MIDLAND COcall	$0	–	-400,000	–	-1.04%	–
WFT	Exit	WEATHERFORD INTERNATIONAL LTcall	$0	–	-1,000,000	–	-1.05%	–
	Exit	ASHLAND INC NEWcall	$0	–	-358,900	–	-2.30%	–
KORS	Exit	MICHAEL KORS HLDGS LTDcall	$0	–	-520,000	–	-2.48%	–
FDX	Exit	FEDEX CORPcall	$0	–	-400,000	–	-3.03%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-1,039,500	–	-3.35%	–

Q2 2013

			Value		Shares		↓ Weighting
	New	APPLE INCcall	$475,836,000	–	1,200,000	–	36.55%	–
PSX	New	PHILLIPS 66call	$120,176,000	–	2,040,000	–	9.23%	–
GM	New	GENERAL MTRS COcall	$66,620,000	–	2,000,000	–	5.12%	–
UAL	New	UNITED CONTL HLDGS INCcall	$66,053,000	–	2,111,000	–	5.07%	–
FSLR	New	FIRST SOLAR INCcall	$46,643,000	–	1,040,900	–	3.58%	–
DB	New	DEUTSCHE BANK AGcall	$43,607,000	–	1,039,500	–	3.35%	–
DAL	New	DELTA AIR LINES INC DELcall	$39,759,000	–	2,125,000	–	3.05%	–
FDX	New	FEDEX CORPcall	$39,432,000	–	400,000	–	3.03%	–
DAL	New	DELTA AIR LINES INC DEL	$38,356,000	–	2,050,000	–	2.95%	–
LCC	New	U S AIRWAYS GROUP INC	$33,743,000	–	2,055,000	–	2.59%	–
LCC	New	U S AIRWAYS GROUP INCcall	$32,825,000	–	1,999,100	–	2.52%	–
KORS	New	MICHAEL KORS HLDGS LTDcall	$32,250,000	–	520,000	–	2.48%	–
	New	ASHLAND INC NEWcall	$29,968,000	–	358,900	–	2.30%	–
DXJ	New	WISDOMTREE TRUSTcall	$27,366,000	–	600,000	–	2.10%	–
TSLA	New	TESLA MTRS INCcall	$22,116,000	–	206,000	–	1.70%	–
VLO	New	VALERO ENERGY CORP NEWcall	$17,437,000	–	501,500	–	1.34%	–
NPTN	New	NEOPHOTONICS CORP	$16,250,000	–	1,870,000	–	1.25%	–
GT	New	GOODYEAR TIRE & RUBR COcall	$15,903,000	–	1,039,500	–	1.22%	–
HIG	New	HARTFORD FINL SVCS GROUP INCcall	$15,414,000	–	498,500	–	1.18%	–
WFT	New	WEATHERFORD INTERNATIONAL LTcall	$13,700,000	–	1,000,000	–	1.05%	–
	New	ARCHER DANIELS MIDLAND COcall	$13,564,000	–	400,000	–	1.04%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$12,917,000	–	2,080,000	–	0.99%	–
	New	BANK OF AMERICA CORPORATIONcall	$12,860,000	–	1,000,000	–	0.99%	–
MTG	New	MGIC INVT CORP WIS	$12,659,000	–	2,085,500	–	0.97%	–
FIO	New	FUSION-IO INCcall	$10,360,000	–	727,500	–	0.80%	–
MET	New	METLIFE INCcall	$9,152,000	–	200,000	–	0.70%	–
GLW	New	CORNING INCcall	$7,400,000	–	520,000	–	0.57%	–
SUNEQ	New	SUNEDISON INCcall	$6,618,000	–	810,000	–	0.51%	–
CHMT	New	CHEMTURA CORP	$6,090,000	–	300,000	–	0.47%	–
AUXL	New	AUXILIUM PHARMACEUTICALS INC	$4,989,000	–	300,000	–	0.38%	–
KOG	New	KODIAK OIL & GAS CORPcall	$4,445,000	–	500,000	–	0.34%	–
TINY	New	HARRIS & HARRIS GROUP INC	$2,705,000	–	889,700	–	0.21%	–
SUNEQ	New	SUNEDISON INC	$2,451,000	–	300,000	–	0.19%	–
CYNI	New	CYAN INC	$2,194,000	–	209,979	–	0.17%	–

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