Glenview Capital Management Activity Q4 2001-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
THC	Buy	TENET HEALTHCARE CORP	$452,344,206	-14.1%	6,865,142	+6.1%	10.24%	-13.7%
CI	Sell	THE CIGNA GROUP	$443,070,651	-23.6%	1,548,819	-25.0%	10.03%	-23.2%
UHS	Buy	UNIVERSAL HLTH SVCS INCcl b	$220,205,534	-1.0%	1,751,416	+24.2%	4.99%	-0.6%
GPN	Sell	GLOBAL PMTS INC	$213,140,908	-3.6%	1,847,135	-17.7%	4.83%	-3.2%
MCK	Sell	MCKESSON CORP	$155,708,914	-3.6%	358,075	-5.3%	3.53%	-3.2%
FISV	Buy	FISERV INC	$143,451,632	+29.1%	1,269,933	+44.1%	3.25%	+29.6%
CLVT	Buy	CLARIVATE PLC	$135,399,379	-17.9%	20,178,745	+16.5%	3.07%	-17.6%
AMZN	Buy	AMAZON COM INC	$121,278,709	+830.2%	954,049	+853.9%	2.75%	+834.0%
ALIT	Buy	ALIGHT INC	$116,038,705	-16.8%	16,366,531	+8.4%	2.63%	-16.4%
CTVA	Buy	CORTEVA INC	$110,975,556	-7.5%	2,169,186	+3.6%	2.51%	-7.1%
ATVI	Buy	ACTIVISION BLIZZARD INC	$110,646,691	+91.9%	1,181,744	+72.8%	2.50%	+92.7%
UBER	Buy	UBER TECHNOLOGIES INC	$97,239,002	+44.6%	2,114,351	+35.7%	2.20%	+45.3%
USFD	Sell	US FOODS HLDG CORP	$89,393,403	-20.4%	2,251,723	-11.8%	2.02%	-20.1%
EXPE	Buy	EXPEDIA GROUP INC	$83,191,404	+98.5%	807,135	+110.7%	1.88%	+99.4%
VVV	Sell	VALVOLINE INC	$81,632,389	-22.3%	2,532,022	-9.7%	1.85%	-22.0%
HCA	Buy	HCA HEALTHCARE INC	$81,286,305	+1.6%	330,459	+25.4%	1.84%	+2.1%
APTV	Sell	APTIV PLC	$81,192,513	-3.9%	823,537	-0.5%	1.84%	-3.6%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$75,247,484	+553.0%	171,087	+445.5%	1.70%	+555.4%
TFX	New	TELEFLEX INCORPORATED	$74,775,448	–	380,711	–	1.69%	–
INTC	New	INTEL CORP	$74,249,446	–	2,088,592	–	1.68%	–
MYGN	Buy	MYRIAD GENETICS INC	$60,695,071	-30.1%	3,783,982	+1.0%	1.37%	-29.8%
ESI	Buy	ELEMENT SOLUTIONS INC	$54,571,139	+11.6%	2,782,822	+9.3%	1.24%	+12.2%
KNX	Buy	KNIGHT-SWIFT TRANSN HLDGS INcl a	$50,793,826	+814.2%	1,012,838	+912.8%	1.15%	+820.0%
ATVI	New	ACTIVISION BLIZZARD INCput	$46,815,000	–	500,000	–	1.06%	–
DD	Sell	DUPONT DE NEMOURS INC	$32,266,142	-56.7%	432,580	-58.5%	0.73%	-56.5%
	Sell	EVOLV TECHNOLOGIES HLDNGS IN	$22,351,330	-22.9%	4,599,039	-4.8%	0.51%	-22.5%
DNB	Buy	DUN & BRADSTREET HLDGS INC	$22,021,696	+1132.9%	2,204,374	+1327.9%	0.50%	+1147.5%
AVTR	New	AVANTOR INC	$21,499,281	–	1,019,890	–	0.49%	–
BC	New	BRUNSWICK CORP	$20,172,650	–	255,350	–	0.46%	–
MASI	New	MASIMO CORP	$18,311,793	–	208,848	–	0.42%	–
FB	New	META PLATFORMS INCcl a	$16,579,097	–	55,225	–	0.38%	–
MDT	New	MEDTRONIC PLC	$14,099,158	–	179,928	–	0.32%	–
DMRC	Sell	DIGIMARC CORP NEW	$13,181,908	+3.1%	405,722	-6.6%	0.30%	+3.5%
MSFT	New	MICROSOFT CORP	$9,445,661	–	29,915	–	0.21%	–
MTCH	Sell	MATCH GROUP INC NEW	$8,540,620	-57.0%	218,012	-54.1%	0.19%	-56.9%
ANTM	New	ELEVANCE HEALTH INC	$6,499,514	–	14,927	–	0.15%	–
MKSI	New	MKS INSTRS INC	$4,876,529	–	56,350	–	0.11%	–
ATVI	New	ACTIVISION BLIZZARD INCcall	$4,681,500	–	50,000	–	0.11%	–
CANO	Sell	CANO HEALTH INC	$253,600	-89.3%	1,000,000	-41.2%	0.01%	-88.7%
QSI	Exit	QUANTUM SI INC	$0	–	-2,415,990	–	-0.10%	–
CCEP	Exit	COCA-COLA EUROPACIFIC PARTNE	$0	–	-187,810	–	-0.27%	–
UNP	Exit	UNION PAC CORP	$0	–	-62,504	–	-0.29%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-1,766,395	–	-0.32%	–
FLEX	Exit	FLEX LTDord	$0	–	-621,859	–	-0.39%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-1,624,300	–	-0.46%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-1,250,000	–	-0.47%	–
FDX	Exit	FEDEX CORP	$0	–	-95,628	–	-0.53%	–
FMC	Exit	FMC CORP	$0	–	-852,243	–	-2.00%	–

Q2 2023

			Value		Shares		↓ Weighting
CI	New	THE CIGNA GROUP	$579,593,611	–	2,065,551	–	13.07%	–
SPY	New	SPDR S&P 500 ETF TRput	$531,936,000	–	1,200,000	–	11.99%	–
THC	New	TENET HEALTHCARE CORP	$526,430,781	–	6,468,798	–	11.87%	–
DXC	New	DXC TECHNOLOGY CO	$260,103,462	–	9,734,411	–	5.86%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$222,538,529	–	1,410,525	–	5.02%	–
GPN	New	GLOBAL PMTS INC	$221,096,022	–	2,244,174	–	4.98%	–
CLVT	New	CLARIVATE PLC	$165,016,191	–	17,315,445	–	3.72%	–
MCK	New	MCKESSON CORP	$161,605,651	–	378,193	–	3.64%	–
ALIT	New	ALIGHT INC	$139,498,063	–	15,097,193	–	3.14%	–
CTVA	New	CORTEVA INC	$119,943,798	–	2,093,260	–	2.70%	–
USFD	New	US FOODS HLDG CORP	$112,347,576	–	2,553,354	–	2.53%	–
IWM	New	ISHARES TRput	$112,362,000	–	600,000	–	2.53%	–
FISV	New	FISERV INC	$111,146,728	–	881,068	–	2.51%	–
VVV	New	VALVOLINE INC	$105,124,813	–	2,802,581	–	2.37%	–
FMC	New	FMC CORP	$88,923,035	–	852,243	–	2.00%	–
MYGN	New	MYRIAD GENETICS INC	$86,806,504	–	3,744,888	–	1.96%	–
APTV	New	APTIV PLC	$84,524,088	–	827,937	–	1.91%	–
HCA	New	HCA HEALTHCARE INC	$80,004,612	–	263,624	–	1.80%	–
BKD	New	BROOKDALE SR LIVING INC	$78,680,520	–	18,644,673	–	1.77%	–
DD	New	DUPONT DE NEMOURS INC	$74,454,768	–	1,042,200	–	1.68%	–
CI	New	THE CIGNA GROUPcall	$68,606,700	–	244,500	–	1.55%	–
UBER	New	UBER TECHNOLOGIES INC	$67,263,997	–	1,558,119	–	1.52%	–
ATVI	New	ACTIVISION BLIZZARD INC	$57,648,471	–	683,849	–	1.30%	–
ESI	New	ELEMENT SOLUTIONS INC	$48,895,085	–	2,546,619	–	1.10%	–
EXPE	New	EXPEDIA GROUP INC	$41,900,527	–	383,038	–	0.94%	–
	New	EVOLV TECHNOLOGIES HLDNGS IN	$28,975,170	–	4,829,195	–	0.65%	–
CAH	New	CARDINAL HEALTH INC	$24,335,698	–	257,330	–	0.55%	–
FDX	New	FEDEX CORP	$23,706,181	–	95,628	–	0.53%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$21,000,000	–	1,250,000	–	0.47%	–
	New	WARNER BROS DISCOVERY INC	$20,368,722	–	1,624,300	–	0.46%	–
	New	BROOKDALE SR LIVING INCnote 2.000%10/1	$20,034,622	–	25,450,000	–	0.45%	–
MTCH	New	MATCH GROUP INC NEW	$19,873,979	–	474,886	–	0.45%	–
BFLY	New	BUTTERFLY NETWORK INC	$18,477,052	–	8,033,501	–	0.42%	–
FLEX	New	FLEX LTDord	$17,188,183	–	621,859	–	0.39%	–
BHC	New	BAUSCH HEALTH COS INC	$14,131,160	–	1,766,395	–	0.32%	–
AMZN	New	AMAZON COM INC	$13,038,216	–	100,017	–	0.29%	–
DMRC	New	DIGIMARC CORP NEW	$12,791,592	–	434,497	–	0.29%	–
UNP	New	UNION PAC CORP	$12,789,568	–	62,504	–	0.29%	–
CCEP	New	COCA-COLA EUROPACIFIC PARTNE	$12,100,598	–	187,810	–	0.27%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$11,522,927	–	31,366	–	0.26%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$5,556,000	–	100,000	–	0.12%	–
QSI	New	QUANTUM SI INC	$4,324,622	–	2,415,990	–	0.10%	–
CANO	New	CANO HEALTH INC	$2,363,177	–	1,700,127	–	0.05%	–
BLI	New	PHENOMEX INC	$1,869,993	–	3,816,313	–	0.04%	–
DNB	New	DUN & BRADSTREET HLDGS INC	$1,786,107	–	154,374	–	0.04%	–
	New	RAPID MICRO BIOSYSTEMS INC	$1,318,288	–	1,318,288	–	0.03%	–
	New	CIBUS INC	$1,259,612	–	119,963	–	0.03%	–
BFLYWS	New	BUTTERFLY NETWORK INC*w exp 02/12/202	$403,490	–	1,713,333	–	0.01%	–
	New	DOMA HOLDINGS INC	$98,770	–	19,994	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	HYPERFINE INC	$0	–	-605,052	–	-0.01%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-4,855	–	-0.02%	–
	Exit	ENHABIT INC	$0	–	-100,565	–	-0.04%	–
	Exit	RAPID MICRO BIOSYSTEMS INC	$0	–	-750,000	–	-0.06%	–
DNB	Exit	DUN & BRADSTREET HLDGS INC	$0	–	-250,000	–	-0.08%	–
OHPAU	Exit	ORION ACQUISITION CORPunit 02/19/2026	$0	–	-485,001	–	-0.12%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-167,213	–	-0.16%	–
BLI	Exit	BERKELEY LTS INC	$0	–	-2,325,567	–	-0.17%	–
DMRC	Exit	DIGIMARC CORP NEW	$0	–	-550,000	–	-0.19%	–
NEWR	Exit	NEW RELIC INC	$0	–	-160,800	–	-0.23%	–
	Exit	EVOLV TECHNOLOGIES HLDNGS IN	$0	–	-4,654,111	–	-0.25%	–
NOW	Exit	SERVICENOW INC	$0	–	-27,500	–	-0.26%	–
ALIT	Exit	ALIGHT INC	$0	–	-1,720,710	–	-0.32%	–
EPAM	Exit	EPAM SYS INC	$0	–	-38,500	–	-0.35%	–
QSI	Exit	QUANTUM SI INC	$0	–	-5,096,972	–	-0.35%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-349,830	–	-0.40%	–
SABR	Exit	SABRE CORP	$0	–	-3,120,869	–	-0.40%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-238,400	–	-0.56%	–
	Exit	BAUSCH PLUS LOMB CORP	$0	–	-1,516,684	–	-0.58%	–
BFLY	Exit	BUTTERFLY NETWORK INC	$0	–	-5,464,751	–	-0.64%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-1,461,484	–	-0.70%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-18,589	–	-0.76%	–
ZI	Exit	ZOOMINFO TECHNOLOGIES INC	$0	–	-748,710	–	-0.78%	–
LII	Exit	LENNOX INTL INC	$0	–	-149,208	–	-0.83%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-419,428	–	-0.84%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-465,450	–	-0.86%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-156,754	–	-0.91%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-9,844,673	–	-1.05%	–
CLVT	Exit	CLARIVATE PLC	$0	–	-4,524,184	–	-1.06%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-1,142,709	–	-1.07%	–
URI	Exit	UNITED RENTALS INC	$0	–	-180,812	–	-1.22%	–
LGVU	Exit	LONGVIEW ACQUISITION CORP IIunit 99/99/9999	$0	–	-5,000,000	–	-1.23%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-250,479	–	-1.31%	–
FLEX	Exit	FLEX LTDord	$0	–	-3,296,894	–	-1.37%	–
CI	Exit	CIGNA CORP NEWcall	$0	–	-200,000	–	-1.39%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-316,829	–	-1.46%	–
ESI	Exit	ELEMENT SOLUTIONS INC	$0	–	-3,856,683	–	-1.57%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-351,223	–	-1.76%	–
CTVA	Exit	CORTEVA INC	$0	–	-1,352,378	–	-1.93%	–
VVV	Exit	VALVOLINE INC	$0	–	-3,393,686	–	-2.15%	–
FMC	Exit	FMC CORP	$0	–	-817,353	–	-2.16%	–
CCEP	Exit	COCA-COLA EUROPACIFIC PARTNE	$0	–	-2,059,323	–	-2.19%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-1,832,482	–	-2.31%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-4,092,343	–	-2.71%	–
BAX	Exit	BAXTER INTL INC	$0	–	-2,257,019	–	-3.04%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-4,624,862	–	-3.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,152,511	–	-3.26%	–
APTV	Exit	APTIV PLC	$0	–	-2,275,002	–	-4.45%	–
MCK	Exit	MCKESSON CORP	$0	–	-652,799	–	-5.55%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-2,162,010	–	-5.84%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-9,647,457	–	-5.90%	–
FISV	Exit	FISERV INC	$0	–	-2,646,838	–	-6.19%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-8,099,648	–	-10.44%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,939,941	–	-13.46%	–

Q3 2022

			Value		Shares		↓ Weighting
CI	Sell	CIGNA CORP NEW	$538,275,000	-1.6%	1,939,941	-6.6%	13.46%	-1.7%
THC	Buy	TENET HEALTHCARE CORP	$417,780,000	+16.5%	8,099,648	+18.7%	10.44%	+16.4%
FISV	Buy	FISERV INC	$247,665,000	+29.9%	2,646,838	+23.5%	6.19%	+29.8%
DXC	Buy	DXC TECHNOLOGY CO	$236,170,000	-1.7%	9,647,457	+21.8%	5.90%	-1.7%
GPN	Sell	GLOBAL PMTS INC	$233,605,000	-10.3%	2,162,010	-8.1%	5.84%	-10.3%
MCK	Sell	MCKESSON CORP	$221,867,000	-6.3%	652,799	-10.1%	5.55%	-6.3%
APTV	Buy	APTIV PLC	$177,928,000	+34.1%	2,275,002	+52.7%	4.45%	+34.0%
AMZN	Buy	AMAZON COM INC	$130,234,000	+71.5%	1,152,511	+61.2%	3.26%	+71.4%
BAX	Buy	BAXTER INTL INC	$121,563,000	-12.9%	2,257,019	+3.9%	3.04%	-12.9%
UBER	Sell	UBER TECHNOLOGIES INC	$108,447,000	+23.6%	4,092,343	-4.6%	2.71%	+23.5%
DD	Buy	DUPONT DE NEMOURS INC	$92,357,000	+10.5%	1,832,482	+21.9%	2.31%	+10.5%
CCEP	Sell	COCA-COLA EUROPACIFIC PARTNE	$87,768,000	-47.0%	2,059,323	-35.9%	2.19%	-47.1%
FMC	Buy	FMC CORP	$86,394,000	+6.4%	817,353	+7.8%	2.16%	+6.4%
VVV	Buy	VALVOLINE INC	$85,996,000	+49.4%	3,393,686	+70.0%	2.15%	+49.3%
CTVA	Sell	CORTEVA INC	$77,288,000	-8.6%	1,352,378	-13.4%	1.93%	-8.7%
WLTW	Buy	WILLIS TOWERS WATSON PLC LTD	$70,575,000	+179.9%	351,223	+175.0%	1.76%	+179.7%
ESI	Sell	ELEMENT SOLUTIONS INC	$62,748,000	-15.4%	3,856,683	-7.4%	1.57%	-15.4%
FLEX	Buy	FLEX LTDord	$54,926,000	+28657.1%	3,296,894	+24876.5%	1.37%	+27360.0%
URI	Sell	UNITED RENTALS INC	$48,841,000	+0.5%	180,812	-9.7%	1.22%	+0.4%
LVS	Buy	LAS VEGAS SANDS CORP	$42,874,000	+69.3%	1,142,709	+51.5%	1.07%	+69.1%
CLVT	Buy	CLARIVATE PLC	$42,482,000	+28.2%	4,524,184	+89.2%	1.06%	+28.1%
MSFT	Sell	MICROSOFT CORP	$36,508,000	-30.8%	156,754	-23.7%	0.91%	-30.8%
ATVI	Buy	ACTIVISION BLIZZARD INC	$34,602,000	+43.8%	465,450	+50.6%	0.86%	+43.7%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$33,550,000	–	419,428	–	0.84%	–
LII	New	LENNOX INTL INC	$33,224,000	–	149,208	–	0.83%	–
ZI	Buy	ZOOMINFO TECHNOLOGIES INC	$31,191,000	+204.5%	748,710	+143.0%	0.78%	+204.7%
BKNG	Buy	BOOKING HOLDINGS INC	$30,546,000	+190.3%	18,589	+209.0%	0.76%	+190.5%
MYGN	Sell	MYRIAD GENETICS INC	$27,885,000	-9.6%	1,461,484	-13.9%	0.70%	-9.6%
	New	BAUSCH PLUS LOMB CORP	$23,266,000	–	1,516,684	–	0.58%	–
EXPE	New	EXPEDIA GROUP INC	$22,336,000	–	238,400	–	0.56%	–
SABR	Buy	SABRE CORP	$16,072,000	-7.6%	3,120,869	+4.6%	0.40%	-7.6%
EHC	Sell	ENCOMPASS HEALTH CORP	$15,823,000	-79.5%	349,830	-74.5%	0.40%	-79.4%
QSI	Sell	QUANTUM SI INC	$14,017,000	+15.1%	5,096,972	-2.9%	0.35%	+14.8%
ALIT	New	ALIGHT INC	$12,613,000	–	1,720,710	–	0.32%	–
NOW	New	SERVICENOW INC	$10,384,000	–	27,500	–	0.26%	–
	Buy	EVOLV TECHNOLOGIES HLDNGS IN	$9,867,000	+23.7%	4,654,111	+55.2%	0.25%	+23.5%
NEWR	New	NEW RELIC INC	$9,227,000	–	160,800	–	0.23%	–
BSX	Sell	BOSTON SCIENTIFIC CORP	$6,476,000	-80.6%	167,213	-81.3%	0.16%	-80.6%
DNB	New	DUN & BRADSTREET HLDGS INC	$3,098,000	–	250,000	–	0.08%	–
	New	ENHABIT INC	$1,412,000	–	100,565	–	0.04%	–
ABC	New	AMERISOURCEBERGEN CORP	$657,000	–	4,855	–	0.02%	–
OUST	Exit	OUSTER INC	$0	–	-1,128,982	–	-0.05%	–
	Exit	CYTEK BIOSCIENCES INC	$0	–	-500,000	–	-0.13%	–
IS	Exit	IRONSOURCE LTD	$0	–	-3,510,748	–	-0.21%	–
CHNG	Exit	CHANGE HEALTHCARE INCcall	$0	–	-500,000	–	-0.29%	–
MRTX	Exit	MIRATI THERAPEUTICS INC	$0	–	-203,800	–	-0.34%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-88,230	–	-0.36%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-495,100	–	-0.57%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-10,835	–	-0.59%	–
HOLX	Exit	HOLOGIC INC	$0	–	-359,381	–	-0.62%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-1,073,420	–	-2.27%	–
CHNG	Exit	CHANGE HEALTHCARE INC	$0	–	-4,328,222	–	-2.50%	–

Q2 2022

			Value		Shares		↓ Weighting
CI	New	CIGNA CORP NEW	$547,117,000	–	2,076,189	–	13.69%	–
THC	New	TENET HEALTHCARE CORP	$358,757,000	–	6,825,671	–	8.97%	–
GPN	New	GLOBAL PMTS INC	$260,304,000	–	2,352,712	–	6.51%	–
DXC	New	DXC TECHNOLOGY CO	$240,167,000	–	7,923,704	–	6.01%	–
MCK	New	MCKESSON CORP	$236,776,000	–	725,839	–	5.92%	–
FISV	New	FISERV INC	$190,645,000	–	2,142,801	–	4.77%	–
CCEP	New	COCA-COLA EUROPACIFIC PARTNE	$165,678,000	–	3,210,186	–	4.14%	–
USFD	New	US FOODS HLDG CORP	$141,891,000	–	4,624,862	–	3.55%	–
BAX	New	BAXTER INTL INC	$139,573,000	–	2,173,019	–	3.49%	–
APTV	New	APTIV PLC	$132,711,000	–	1,489,959	–	3.32%	–
CHNG	New	CHANGE HEALTHCARE INC	$99,809,000	–	4,328,222	–	2.50%	–
CNC	New	CENTENE CORP DEL	$90,822,000	–	1,073,420	–	2.27%	–
UBER	New	UBER TECHNOLOGIES INC	$87,760,000	–	4,289,342	–	2.20%	–
CTVA	New	CORTEVA INC	$84,548,000	–	1,561,646	–	2.12%	–
DD	New	DUPONT DE NEMOURS INC	$83,565,000	–	1,503,503	–	2.09%	–
FMC	New	FMC CORP	$81,167,000	–	758,499	–	2.03%	–
EHC	New	ENCOMPASS HEALTH CORP	$77,027,000	–	1,374,252	–	1.93%	–
AMZN	New	AMAZON COM INC	$75,958,000	–	715,164	–	1.90%	–
ESI	New	ELEMENT SOLUTIONS INC	$74,171,000	–	4,166,904	–	1.86%	–
VVV	New	VALVOLINE INC	$57,560,000	–	1,996,539	–	1.44%	–
NSC	New	NORFOLK SOUTHN CORP	$56,931,000	–	250,479	–	1.42%	–
HCA	New	HCA HEALTHCARE INC	$53,246,000	–	316,829	–	1.33%	–
MSFT	New	MICROSOFT CORP	$52,751,000	–	205,392	–	1.32%	–
CI	New	CIGNA CORP NEWcall	$52,704,000	–	200,000	–	1.32%	–
LGVU	New	LONGVIEW ACQUISITION CORP IIunit 99/99/9999	$49,000,000	–	5,000,000	–	1.23%	–
URI	New	UNITED RENTALS INC	$48,622,000	–	200,163	–	1.22%	–
BKD	New	BROOKDALE SR LIVING INC	$44,695,000	–	9,844,673	–	1.12%	–
BSX	New	BOSTON SCIENTIFIC CORP	$33,371,000	–	895,396	–	0.84%	–
CLVT	New	CLARIVATE PLC	$33,137,000	–	2,390,852	–	0.83%	–
MYGN	New	MYRIAD GENETICS INC	$30,831,000	–	1,696,791	–	0.77%	–
LVS	New	LAS VEGAS SANDS CORP	$25,330,000	–	754,104	–	0.63%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$25,211,000	–	127,721	–	0.63%	–
HOLX	New	HOLOGIC INC	$24,905,000	–	359,381	–	0.62%	–
ATVI	New	ACTIVISION BLIZZARD INC	$24,069,000	–	309,132	–	0.60%	–
GOOGL	New	ALPHABET INCcap stk cl a	$23,612,000	–	10,835	–	0.59%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$22,918,000	–	495,100	–	0.57%	–
SABR	New	SABRE CORP	$17,394,000	–	2,983,469	–	0.44%	–
BFLY	New	BUTTERFLY NETWORK INC	$16,777,000	–	5,464,751	–	0.42%	–
FB	New	META PLATFORMS INCcl a	$14,227,000	–	88,230	–	0.36%	–
MRTX	New	MIRATI THERAPEUTICS INC	$13,681,000	–	203,800	–	0.34%	–
QSI	New	QUANTUM SI INC	$12,180,000	–	5,250,000	–	0.30%	–
BLI	New	BERKELEY LTS INC	$11,558,000	–	2,325,567	–	0.29%	–
CHNG	New	CHANGE HEALTHCARE INCcall	$11,530,000	–	500,000	–	0.29%	–
EPAM	New	EPAM SYS INC	$11,349,000	–	38,500	–	0.28%	–
BKNG	New	BOOKING HOLDINGS INC	$10,522,000	–	6,016	–	0.26%	–
ZI	New	ZOOMINFO TECHNOLOGIES INC	$10,243,000	–	308,154	–	0.26%	–
IS	New	IRONSOURCE LTD	$8,356,000	–	3,510,748	–	0.21%	–
	New	EVOLV TECHNOLOGIES HLDNGS IN	$7,979,000	–	2,999,461	–	0.20%	–
DMRC	New	DIGIMARC CORP NEW	$7,777,000	–	550,000	–	0.20%	–
	New	CYTEK BIOSCIENCES INC	$5,365,000	–	500,000	–	0.13%	–
OHPAU	New	ORION ACQUISITION CORPunit 02/19/2026	$4,758,000	–	485,001	–	0.12%	–
	New	RAPID MICRO BIOSYSTEMS INC	$3,225,000	–	750,000	–	0.08%	–
OUST	New	OUSTER INC	$1,829,000	–	1,128,982	–	0.05%	–
	New	HYPERFINE INC	$1,349,000	–	605,052	–	0.03%	–
FLEX	New	FLEX LTDord	$191,000	–	13,200	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
VELOW	Exit	VELOCITY ACQUISITION CORP*w exp 02/24/202	$0	–	-244,060	–	-0.00%	–
ATIPWS	Exit	ATI PHYSICAL THERAPY INC*w exp 08/10/202	$0	–	-300,000	–	-0.00%	–
ATIP	Exit	ATI PHYSICAL THERAPY INC	$0	–	-249,145	–	-0.02%	–
OHPAU	Exit	ORION ACQUISITION CORPunit 02/19/2026	$0	–	-500,000	–	-0.09%	–
	Exit	EVOLV TECHNOLOGIES HLDNGS IN	$0	–	-850,000	–	-0.09%	–
BOWX	Exit	BOWX ACQUISITION CORPcl a	$0	–	-757,294	–	-0.14%	–
MRTX	Exit	MIRATI THERAPEUTICS INC	$0	–	-45,800	–	-0.15%	–
OUST	Exit	OUSTER INC	$0	–	-1,201,982	–	-0.16%	–
FST	Exit	FAST ACQUISITION CORP	$0	–	-878,761	–	-0.20%	–
DNB	Exit	DUN & BRADSTREET HLDGS INC	$0	–	-734,595	–	-0.22%	–
BHVN	Exit	BIOHAVEN PHARMACTL HLDG CO L	$0	–	-114,345	–	-0.29%	–
FLEX	Exit	FLEX LTDord	$0	–	-1,116,039	–	-0.36%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-6,549,304	–	-0.38%	–
AMGN	Exit	AMGEN INC	$0	–	-105,870	–	-0.41%	–
OGN	Exit	ORGANON & CO	$0	–	-753,127	–	-0.45%	–
	Exit	CCC INTELLIGENT SOLUTIONS HL	$0	–	-2,405,960	–	-0.46%	–
MTOR	Exit	MERITOR INC	$0	–	-1,309,166	–	-0.51%	–
V	Exit	VISA INC	$0	–	-134,630	–	-0.54%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-400,686	–	-0.54%	–
MCK	Exit	MCKESSON CORPcall	$0	–	-160,000	–	-0.58%	–
ANTM	Exit	ANTHEM INC	$0	–	-88,011	–	-0.60%	–
SABR	Exit	SABRE CORP	$0	–	-3,707,472	–	-0.80%	–
IS	Exit	IRONSOURCE LTD	$0	–	-4,137,102	–	-0.82%	–
CHNG	Exit	CHANGE HEALTHCARE INC	$0	–	-2,283,022	–	-0.87%	–
QSI	Exit	QUANTUM SI INC	$0	–	-6,000,000	–	-0.91%	–
LGVU	Exit	LONGVIEW ACQUISITION CORP IIunit 99/99/9999	$0	–	-5,000,000	–	-0.92%	–
HOLX	Exit	HOLOGIC INC	$0	–	-700,005	–	-0.94%	–
BFLY	Exit	BUTTERFLY NETWORK INC	$0	–	-4,964,751	–	-0.94%	–
DVA	Exit	DAVITA INC	$0	–	-468,827	–	-0.99%	–
NSP	Exit	INSPERITY INC	$0	–	-511,258	–	-1.03%	–
ESI	Exit	ELEMENT SOLUTIONS INC	$0	–	-2,752,843	–	-1.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-329,447	–	-1.17%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-277,799	–	-1.20%	–
FISV	Exit	FISERV INC	$0	–	-615,802	–	-1.21%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-205,401	–	-1.26%	–
HUM	Exit	HUMANA INC	$0	–	-180,012	–	-1.27%	–
FMC	Exit	FMC CORP	$0	–	-772,099	–	-1.28%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-2,235,168	–	-1.31%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-13,454,840	–	-1.54%	–
MOH	Exit	MOLINA HEALTHCARE INC	$0	–	-330,105	–	-1.62%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-2,063,297	–	-1.62%	–
CTVA	Exit	CORTEVA INC	$0	–	-2,224,846	–	-1.70%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-1,522,425	–	-1.88%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-2,667,822	–	-1.91%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-2,432,683	–	-1.98%	–
CCEP	Exit	COCA-COLA EUROPACIFIC PARTNE	$0	–	-2,194,816	–	-2.20%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-879,079	–	-2.21%	–
APTV	Exit	APTIV PLC	$0	–	-823,467	–	-2.22%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-525,237	–	-2.31%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-2,122,427	–	-2.40%	–
TAK	Exit	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$0	–	-8,102,119	–	-2.41%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-50,262	–	-2.44%	–
BAX	Exit	BAXTER INTL INC	$0	–	-2,167,722	–	-3.16%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-5,601,965	–	-3.42%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-832,798	–	-3.51%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-1,336,257	–	-3.82%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-1,886,005	–	-4.09%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,322,827	–	-4.80%	–
MCK	Exit	MCKESSON CORP	$0	–	-1,731,042	–	-6.26%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-15,649,243	–	-7.90%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-8,652,741	–	-10.43%	–

Q3 2021

			Value		Shares		↓ Weighting
THC	Sell	TENET HEALTHCARE CORP	$574,888,000	-19.4%	8,652,741	-18.7%	10.43%	-11.6%
BHC	Sell	BAUSCH HEALTH COS INC	$435,831,000	-9.0%	15,649,243	-4.2%	7.90%	-0.2%
MCK	Buy	MCKESSON CORP	$345,135,000	+21.8%	1,731,042	+16.8%	6.26%	+33.5%
CI	Buy	CIGNA CORP NEW	$264,777,000	-13.0%	1,322,827	+3.0%	4.80%	-4.6%
ABC	Buy	AMERISOURCEBERGEN CORP	$225,283,000	+14.4%	1,886,005	+9.7%	4.09%	+25.5%
GPN	Buy	GLOBAL PMTS INC	$210,567,000	+21.1%	1,336,257	+44.2%	3.82%	+32.8%
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$193,592,000	–	832,798	–	3.51%	–
DXC	Sell	DXC TECHNOLOGY CO	$188,282,000	-33.0%	5,601,965	-22.3%	3.42%	-26.5%
BAX	Buy	BAXTER INTL INC	$174,350,000	+85.2%	2,167,722	+85.4%	3.16%	+103.1%
GOOGL	Sell	ALPHABET INCcap stk cl a	$134,376,000	-1.3%	50,262	-9.8%	2.44%	+8.3%
TAK	Sell	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$132,713,000	-13.5%	8,102,119	-11.1%	2.41%	-5.2%
CNC	Buy	CENTENE CORP DEL	$132,248,000	-10.3%	2,122,427	+5.0%	2.40%	-1.6%
HCA	Sell	HCA HEALTHCARE INC	$127,486,000	-7.5%	525,237	-21.2%	2.31%	+1.4%
APTV	Buy	APTIV PLC	$122,672,000	+49.8%	823,467	+58.2%	2.22%	+64.2%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$121,638,000	-17.7%	879,079	-12.9%	2.21%	-9.8%
CCEP	Sell	COCA-COLA EUROPACIFIC PARTNE	$121,351,000	-10.5%	2,194,816	-4.0%	2.20%	-1.9%
UBER	Buy	UBER TECHNOLOGIES INC	$108,984,000	+372.1%	2,432,683	+428.2%	1.98%	+417.3%
VIAC	Sell	VIACOMCBS INCcl b	$105,406,000	-46.6%	2,667,822	-38.9%	1.91%	-41.5%
DD	Buy	DUPONT DE NEMOURS INC	$103,510,000	+7.5%	1,522,425	+22.4%	1.88%	+17.9%
CTVA	Sell	CORTEVA INC	$93,622,000	-5.4%	2,224,846	-0.3%	1.70%	+3.8%
MOH	Buy	MOLINA HEALTHCARE INC	$89,561,000	+19.0%	330,105	+11.0%	1.62%	+30.4%
BSX	Sell	BOSTON SCIENTIFIC CORP	$89,526,000	-9.9%	2,063,297	-11.2%	1.62%	-1.2%
BKD	Sell	BROOKDALE SR LIVING INC	$84,765,000	-27.0%	13,454,840	-8.5%	1.54%	-20.0%
MYGN	Sell	MYRIAD GENETICS INC	$72,174,000	-4.7%	2,235,168	-9.7%	1.31%	+4.6%
FMC	Sell	FMC CORP	$70,693,000	-25.1%	772,099	-11.5%	1.28%	-17.9%
HUM	Buy	HUMANA INC	$70,052,000	+3.8%	180,012	+18.1%	1.27%	+13.8%
FB	Sell	FACEBOOK INCcl a	$69,711,000	-31.8%	205,401	-30.2%	1.26%	-25.3%
FISV	Sell	FISERV INC	$66,815,000	-20.2%	615,802	-21.4%	1.21%	-12.5%
NSC	Sell	NORFOLK SOUTHN CORP	$66,463,000	-12.9%	277,799	-3.4%	1.20%	-4.5%
UNP	Sell	UNION PAC CORP	$64,575,000	-14.5%	329,447	-4.1%	1.17%	-6.3%
ESI	Sell	ELEMENT SOLUTIONS INC	$59,682,000	-33.5%	2,752,843	-28.2%	1.08%	-27.1%
NSP	Sell	INSPERITY INC	$56,617,000	+18.3%	511,258	-3.4%	1.03%	+29.8%
DVA	Sell	DAVITA INC	$54,506,000	-21.0%	468,827	-18.2%	0.99%	-13.5%
HOLX	Sell	HOLOGIC INC	$51,667,000	-1.8%	700,005	-11.3%	0.94%	+7.6%
QSI	Sell	QUANTUM SI INC	$50,040,000	-43.2%	6,000,000	-16.5%	0.91%	-37.7%
CHNG	Buy	CHANGE HEALTHCARE INC	$47,806,000	+194.8%	2,283,022	+224.4%	0.87%	+223.5%
IS	Sell	IRONSOURCE LTD	$44,970,000	-16.3%	4,137,102	-19.1%	0.82%	-8.2%
SABR	Sell	SABRE CORP	$43,896,000	-9.1%	3,707,472	-4.2%	0.80%	-0.4%
ANTM	Sell	ANTHEM INC	$32,811,000	-50.2%	88,011	-49.0%	0.60%	-45.5%
MCK	New	MCKESSON CORPcall	$31,901,000	–	160,000	–	0.58%	–
EHC	New	ENCOMPASS HEALTH CORP	$30,067,000	–	400,686	–	0.54%	–
V	Sell	VISA INC	$29,989,000	-39.7%	134,630	-36.7%	0.54%	-33.9%
MTOR	Sell	MERITOR INC	$27,898,000	-12.7%	1,309,166	-4.0%	0.51%	-4.2%
	New	CCC INTELLIGENT SOLUTIONS HL	$25,287,000	–	2,405,960	–	0.46%	–
OGN	New	ORGANON & CO	$24,695,000	–	753,127	–	0.45%	–
AMGN	Buy	AMGEN INC	$22,513,000	+27.7%	105,870	+46.4%	0.41%	+39.7%
ENDP	Buy	ENDO INTL PLC	$21,220,000	-15.6%	6,549,304	+22.0%	0.38%	-7.5%
FLEX	Buy	FLEX LTDord	$19,732,000	+49.5%	1,116,039	+51.1%	0.36%	+64.2%
BHVN	Sell	BIOHAVEN PHARMACTL HLDG CO L	$15,884,000	-63.2%	114,345	-74.3%	0.29%	-59.7%
DNB	Sell	DUN & BRADSTREET HLDGS INC	$12,349,000	-24.1%	734,595	-3.5%	0.22%	-16.7%
FST	Sell	FAST ACQUISITION CORP	$11,169,000	-5.0%	878,761	-11.7%	0.20%	+4.6%
OUST	Sell	OUSTER INC	$8,799,000	-41.4%	1,201,982	-0.1%	0.16%	-35.7%
MRTX	New	MIRATI THERAPEUTICS INC	$8,102,000	–	45,800	–	0.15%	–
BOWX	Sell	BOWX ACQUISITION CORPcl a	$7,573,000	-16.3%	757,294	-3.8%	0.14%	-8.7%
	New	EVOLV TECHNOLOGIES HLDNGS IN	$5,100,000	–	850,000	–	0.09%	–
ATIP	Sell	ATI PHYSICAL THERAPY INC	$947,000	-96.9%	249,145	-92.2%	0.02%	-96.6%
VELOW	New	VELOCITY ACQUISITION CORP*w exp 02/24/202	$171,000	–	244,060	–	0.00%	–
MUDS	Exit	MUDRICK CAPITAL ACQU CORP II	$0	–	-89,029	–	-0.02%	–
LSAQ	Exit	LIFESCI ACQUISITION II CORP	$0	–	-315,666	–	-0.05%	–
BFLYWS	Exit	BUTTERFLY NETWORK INC*w exp 02/12/202	$0	–	-1,713,333	–	-0.14%	–
GHVI	Exit	GORES HOLDINGS VI INC	$0	–	-614,517	–	-0.16%	–
VELOU	Exit	VELOCITY ACQUISITION CORPunit 99/99/9999	$0	–	-1,100,000	–	-0.18%	–
NHIC	Exit	NEWHOLD INVESTMENT CORP	$0	–	-1,695,664	–	-0.28%	–
DGNR	Exit	DRAGONEER GROWTH OPPORTUN CO	$0	–	-3,015,676	–	-0.50%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-138,845	–	-0.52%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-267,912	–	-0.55%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-155,329	–	-0.62%	–
AMZN	Exit	AMAZON COM INC	$0	–	-20,652	–	-1.18%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-2,297,540	–	-2.00%	–

Q2 2021

			Value		Shares		↓ Weighting
THC	New	TENET HEALTHCARE CORP	$713,130,000	–	10,645,320	–	11.80%	–
BHC	New	BAUSCH HEALTH COS INC	$479,017,000	–	16,337,549	–	7.92%	–
CI	New	CIGNA CORP NEW	$304,482,000	–	1,284,353	–	5.04%	–
MCK	New	MCKESSON CORP	$283,431,000	–	1,482,070	–	4.69%	–
DXC	New	DXC TECHNOLOGY CO	$280,887,000	–	7,213,329	–	4.65%	–
VIAC	New	VIACOMCBS INCcl b	$197,464,000	–	4,368,677	–	3.27%	–
ABC	New	AMERISOURCEBERGEN CORP	$196,844,000	–	1,719,316	–	3.26%	–
GPN	New	GLOBAL PMTS INC	$173,843,000	–	926,966	–	2.88%	–
TAK	New	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$153,414,000	–	9,115,521	–	2.54%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$147,815,000	–	1,009,456	–	2.44%	–
CNC	New	CENTENE CORP DEL	$147,389,000	–	2,020,967	–	2.44%	–
HCA	New	HCA HEALTHCARE INC	$137,882,000	–	666,935	–	2.28%	–
GOOGL	New	ALPHABET INCcap stk cl a	$136,115,000	–	55,744	–	2.25%	–
CCEP	New	COCA-COLA EUROPACIFIC PARTNE	$135,596,000	–	2,285,833	–	2.24%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$120,874,000	–	2,297,540	–	2.00%	–
BKD	New	BROOKDALE SR LIVING INC	$116,187,000	–	14,707,256	–	1.92%	–
FB	New	FACEBOOK INCcl a	$102,266,000	–	294,114	–	1.69%	–
BSX	New	BOSTON SCIENTIFIC CORP	$99,332,000	–	2,323,016	–	1.64%	–
CTVA	New	CORTEVA INC	$98,921,000	–	2,230,468	–	1.64%	–
DD	New	DUPONT DE NEMOURS INC	$96,273,000	–	1,243,681	–	1.59%	–
FMC	New	FMC CORP	$94,411,000	–	872,557	–	1.56%	–
BAX	New	BAXTER INTL INC	$94,136,000	–	1,169,387	–	1.56%	–
ESI	New	ELEMENT SOLUTIONS INC	$89,687,000	–	3,836,051	–	1.48%	–
QSI	New	QUANTUM SI INC	$88,114,000	–	7,187,091	–	1.46%	–
FISV	New	FISERV INC	$83,748,000	–	783,500	–	1.38%	–
APTV	New	APTIV PLC	$81,892,000	–	520,513	–	1.36%	–
NSC	New	NORFOLK SOUTHN CORP	$76,324,000	–	287,571	–	1.26%	–
MYGN	New	MYRIAD GENETICS INC	$75,719,000	–	2,476,080	–	1.25%	–
UNP	New	UNION PAC CORP	$75,555,000	–	343,540	–	1.25%	–
MOH	New	MOLINA HEALTHCARE INC	$75,265,000	–	297,419	–	1.24%	–
BFLY	New	BUTTERFLY NETWORK INC	$71,890,000	–	4,964,751	–	1.19%	–
AMZN	New	AMAZON COM INC	$71,046,000	–	20,652	–	1.18%	–
DVA	New	DAVITA INC	$69,018,000	–	573,096	–	1.14%	–
HUM	New	HUMANA INC	$67,498,000	–	152,461	–	1.12%	–
ANTM	New	ANTHEM INC	$65,942,000	–	172,713	–	1.09%	–
IS	New	IRONSOURCE LTD	$53,727,000	–	5,116,826	–	0.89%	–
HOLX	New	HOLOGIC INC	$52,628,000	–	788,788	–	0.87%	–
LGVU	New	LONGVIEW ACQUISITION CORP IIunit 99/99/9999	$50,400,000	–	5,000,000	–	0.83%	–
V	New	VISA INC	$49,755,000	–	212,791	–	0.82%	–
SABR	New	SABRE CORP	$48,306,000	–	3,870,698	–	0.80%	–
NSP	New	INSPERITY INC	$47,839,000	–	529,372	–	0.79%	–
BHVN	New	BIOHAVEN PHARMACTL HLDG CO L	$43,172,000	–	444,701	–	0.71%	–
IQV	New	IQVIA HLDGS INC	$37,639,000	–	155,329	–	0.62%	–
MDT	New	MEDTRONIC PLC	$33,256,000	–	267,912	–	0.55%	–
MTOR	New	MERITOR INC	$31,944,000	–	1,363,967	–	0.53%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$31,487,000	–	138,845	–	0.52%	–
ATIP	New	ATI PHYSICAL THERAPY INC	$30,567,000	–	3,204,086	–	0.51%	–
DGNR	New	DRAGONEER GROWTH OPPORTUN CO	$30,036,000	–	3,015,676	–	0.50%	–
ENDP	New	ENDO INTL PLC	$25,133,000	–	5,370,384	–	0.42%	–
UBER	New	UBER TECHNOLOGIES INC	$23,085,000	–	460,592	–	0.38%	–
AMGN	New	AMGEN INC	$17,626,000	–	72,313	–	0.29%	–
NHIC	New	NEWHOLD INVESTMENT CORP	$17,008,000	–	1,695,664	–	0.28%	–
DNB	New	DUN & BRADSTREET HLDGS INC	$16,269,000	–	761,315	–	0.27%	–
CHNG	New	CHANGE HEALTHCARE INC	$16,215,000	–	703,772	–	0.27%	–
OUST	New	OUSTER INC	$15,027,000	–	1,203,138	–	0.25%	–
FLEX	New	FLEX LTDord	$13,195,000	–	738,407	–	0.22%	–
FST	New	FAST ACQUISITION CORP	$11,751,000	–	995,000	–	0.19%	–
VELOU	New	VELOCITY ACQUISITION CORPunit 99/99/9999	$10,945,000	–	1,100,000	–	0.18%	–
GHVI	New	GORES HOLDINGS VI INC	$9,961,000	–	614,517	–	0.16%	–
BOWX	New	BOWX ACQUISITION CORPcl a	$9,050,000	–	786,962	–	0.15%	–
BFLYWS	New	BUTTERFLY NETWORK INC*w exp 02/12/202	$8,275,000	–	1,713,333	–	0.14%	–
OHPAU	New	ORION ACQUISITION CORPunit 02/19/2026	$4,960,000	–	500,000	–	0.08%	–
LSAQ	New	LIFESCI ACQUISITION II CORP	$3,157,000	–	315,666	–	0.05%	–
MUDS	New	MUDRICK CAPITAL ACQU CORP II	$1,109,000	–	89,029	–	0.02%	–
ATIPWS	New	ATI PHYSICAL THERAPY INC*w exp 08/10/202	$681,000	–	300,000	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
VVI	Exit	VIAD CORP	$0	–	-50,995	–	-0.03%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-3,845	–	-0.18%	–
FLDM	Exit	FLUIDIGM CORP DEL	$0	–	-809,369	–	-0.19%	–
BHVN	Exit	BIOHAVEN PHARMACTL HLDG CO L	$0	–	-97,047	–	-0.20%	–
WELL	Exit	WELLTOWER INC	$0	–	-124,039	–	-0.21%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-93,925	–	-0.30%	–
BAX	Exit	BAXTER INTL INC	$0	–	-132,623	–	-0.34%	–
PEAK	Exit	HEALTHPEAK PROPERTIES INC	$0	–	-406,928	–	-0.35%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-53,664	–	-0.35%	–
AMGN	Exit	AMGEN INC	$0	–	-45,303	–	-0.36%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-113,882	–	-0.37%	–
URI	Exit	UNITED RENTALS INC	$0	–	-79,450	–	-0.44%	–
EBAY	Exit	EBAY INC.	$0	–	-289,767	–	-0.47%	–
DVA	Exit	DAVITA INC	$0	–	-193,506	–	-0.52%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-159,954	–	-0.58%	–
LYFT	Exit	LYFT INC	$0	–	-678,952	–	-0.59%	–
FISV	Exit	FISERV INC	$0	–	-193,915	–	-0.63%	–
MIK	Exit	MICHAELS COS INC	$0	–	-2,253,499	–	-0.68%	–
ESI	Exit	ELEMENT SOLUTIONS INC	$0	–	-2,483,523	–	-0.82%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-8,714,484	–	-0.90%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-345,433	–	-0.99%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-12,586,554	–	-1.00%	–
HUM	Exit	HUMANA INC	$0	–	-83,089	–	-1.08%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-1,321,354	–	-1.09%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-2,757,993	–	-1.13%	–
MOH	Exit	MOLINA HEALTHCARE INC	$0	–	-208,374	–	-1.20%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-1,045,052	–	-1.25%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-437,717	–	-1.27%	–
CTVA	Exit	CORTEVA INC	$0	–	-1,670,774	–	-1.51%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-575,634	–	-1.93%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-418,985	–	-2.07%	–
FMC	Exit	F M C CORP	$0	–	-694,509	–	-2.31%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-819,674	–	-2.49%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-2,406,267	–	-2.51%	–
MTOR	Exit	MERITOR INC	$0	–	-3,871,291	–	-2.54%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-3,439,825	–	-3.02%	–
HOLX	Exit	HOLOGIC INC	$0	–	-1,450,171	–	-3.03%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-698,442	–	-4.13%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-10,218,215	–	-5.72%	–
MCK	Exit	MCKESSON CORP	$0	–	-1,267,259	–	-5.92%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-1,638,515	–	-6.41%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,310,027	–	-6.97%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-14,957,708	–	-7.30%	–
TAK	Exit	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$0	–	-16,788,589	–	-9.40%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-19,761,353	–	-15.20%	–

Q3 2020

			Value		Shares		↓ Weighting
TAK	Buy	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$299,508,000	+3.1%	16,788,589	+3.7%	9.40%	+17.4%
BHC	Sell	BAUSCH HEALTH COS INC	$232,443,000	-18.8%	14,957,708	-4.4%	7.30%	-7.5%
CI	Buy	CIGNA CORP NEW	$221,932,000	-9.1%	1,310,027	+0.6%	6.97%	+3.4%
HCA	Sell	HCA HEALTHCARE INC	$204,290,000	-2.4%	1,638,515	-24.0%	6.41%	+11.1%
MCK	Buy	MCKESSON CORP	$188,733,000	+0.9%	1,267,259	+4.0%	5.92%	+14.9%
DXC	Sell	DXC TECHNOLOGY CO	$182,395,000	-7.8%	10,218,215	-14.8%	5.72%	+5.0%
LH	Sell	LABORATORY CORP AMER HLDGS	$131,496,000	+7.8%	698,442	-4.9%	4.13%	+22.8%
HOLX	Sell	HOLOGIC INC	$96,393,000	-12.6%	1,450,171	-25.1%	3.03%	-0.5%
VIAC	Sell	VIACOMCBS INCcl b	$96,349,000	-28.2%	3,439,825	-40.2%	3.02%	-18.3%
MTOR	Sell	MERITOR INC	$81,065,000	-24.9%	3,871,291	-29.0%	2.54%	-14.5%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$79,864,000	-37.4%	2,406,267	-52.3%	2.51%	-28.7%
ABC	Sell	AMERISOURCEBERGEN CORP	$79,443,000	-17.5%	819,674	-14.2%	2.49%	-6.0%
FMC	Sell	F M C CORP	$73,555,000	-35.6%	694,509	-39.5%	2.31%	-26.7%
IQV	Sell	IQVIA HLDGS INC	$66,045,000	-15.6%	418,985	-24.0%	2.07%	-3.8%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$61,604,000	-2.2%	575,634	-15.1%	1.93%	+11.3%
CTVA	Sell	CORTEVA INC	$48,135,000	-28.6%	1,670,774	-33.6%	1.51%	-18.8%
MAR	Sell	MARRIOTT INTL INC NEWcl a	$40,524,000	-34.5%	437,717	-39.4%	1.27%	-25.4%
BSX	Sell	BOSTON SCIENTIFIC CORP	$39,931,000	-46.2%	1,045,052	-50.5%	1.25%	-38.7%
MOH	Sell	MOLINA HEALTHCARE INC	$38,141,000	-35.5%	208,374	-37.2%	1.20%	-26.5%
MYGN	Buy	MYRIAD GENETICS INC	$35,964,000	+75.1%	2,757,993	+52.3%	1.13%	+99.5%
CAR	Sell	AVIS BUDGET GROUP	$34,778,000	-33.2%	1,321,354	-41.9%	1.09%	-24.0%
HUM	Sell	HUMANA INC	$34,390,000	-48.2%	83,089	-51.5%	1.08%	-41.1%
BKD	Sell	BROOKDALE SR LIVING INC	$31,970,000	-18.7%	12,586,554	-5.6%	1.00%	-7.6%
EXPE	Buy	EXPEDIA GROUP INC	$31,673,000	+51.1%	345,433	+35.4%	0.99%	+72.0%
ENDP	Sell	ENDO INTL PLC	$28,758,000	-11.2%	8,714,484	-7.8%	0.90%	+1.1%
ESI	Sell	ELEMENT SOLUTIONS INC	$26,102,000	-24.7%	2,483,523	-22.2%	0.82%	-14.2%
MIK	Sell	MICHAELS COS INC	$21,758,000	-12.1%	2,253,499	-35.6%	0.68%	+0.1%
FISV	Buy	FISERV INC	$19,983,000	+21.7%	193,915	+15.3%	0.63%	+38.4%
LYFT	Buy	LYFT INC	$18,705,000	+45.8%	678,952	+74.7%	0.59%	+65.8%
DGX	Sell	QUEST DIAGNOSTICS INC	$18,313,000	-70.6%	159,954	-70.7%	0.58%	-66.5%
DVA	Sell	DAVITA INC	$16,574,000	-73.4%	193,506	-75.4%	0.52%	-69.7%
EBAY	Sell	EBAY INC.	$15,097,000	-48.1%	289,767	-47.7%	0.47%	-40.8%
URI	Sell	UNITED RENTALS INC	$13,864,000	-71.2%	79,450	-75.4%	0.44%	-67.2%
MDT	New	MEDTRONIC PLC	$11,835,000	–	113,882	–	0.37%	–
AMGN	New	AMGEN INC	$11,514,000	–	45,303	–	0.36%	–
MSFT	New	MICROSOFT CORP	$11,287,000	–	53,664	–	0.35%	–
PEAK	New	HEALTHPEAK PROPERTIES INC	$11,048,000	–	406,928	–	0.35%	–
BAX	Buy	BAXTER INTL INC	$10,666,000	+61.4%	132,623	+72.8%	0.34%	+84.1%
PRAH	Buy	PRA HEALTH SCIENCES INC	$9,528,000	+333.7%	93,925	+316.0%	0.30%	+390.2%
WELL	New	WELLTOWER INC	$6,833,000	–	124,039	–	0.21%	–
BHVN	Sell	BIOHAVEN PHARMACTL HLDG CO L	$6,309,000	-28.3%	97,047	-19.4%	0.20%	-18.5%
FLDM	New	FLUIDIGM CORP DEL	$6,014,000	–	809,369	–	0.19%	–
VVI	New	VIAD CORP	$1,062,000	–	50,995	–	0.03%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-3,375	–	-0.01%	–
HST	Exit	HOST HOTELS & RESORTS INC	$0	–	-741,628	–	-0.22%	–
PACB	Exit	PACIFIC BIOSCIENCES CALIF IN	$0	–	-3,153,150	–	-0.30%	–
CAR	Exit	AVIS BUDGET GROUPcall	$0	–	-500,000	–	-0.32%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-81,555	–	-0.82%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-110,866	–	-0.90%	–

Q2 2020

			Value		Shares		↓ Weighting
THC	New	TENET HEALTHCARE CORP	$357,878,000	–	19,761,353	–	9.87%	–
TAK	New	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$290,382,000	–	16,195,310	–	8.00%	–
BHC	New	BAUSCH HEALTH COS INC	$286,131,000	–	15,644,128	–	7.89%	–
CI	New	CIGNA CORP NEW	$244,273,000	–	1,301,750	–	6.73%	–
HCA	New	HCA HEALTHCARE INC	$209,379,000	–	2,157,209	–	5.77%	–
DXC	New	DXC TECHNOLOGY CO	$197,802,000	–	11,988,030	–	5.45%	–
MCK	New	MCKESSON CORP	$186,974,000	–	1,218,704	–	5.16%	–
VIAC	New	VIACOMCBS INCcl b	$134,248,000	–	5,756,784	–	3.70%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$127,591,000	–	5,042,131	–	3.52%	–
LH	New	LABORATORY CORP AMER HLDGS	$121,932,000	–	734,044	–	3.36%	–
FMC	New	F M C CORP	$114,276,000	–	1,147,119	–	3.15%	–
HOLX	New	HOLOGIC INC	$110,337,000	–	1,935,735	–	3.04%	–
MTOR	New	MERITOR INC	$107,939,000	–	5,451,480	–	2.98%	–
ABC	New	AMERISOURCEBERGEN CORP	$96,251,000	–	955,159	–	2.65%	–
IQV	New	IQVIA HLDGS INC	$78,212,000	–	551,258	–	2.16%	–
BSX	New	BOSTON SCIENTIFIC CORP	$74,187,000	–	2,113,001	–	2.04%	–
CTVA	New	CORTEVA INC	$67,450,000	–	2,517,740	–	1.86%	–
HUM	New	HUMANA INC	$66,434,000	–	171,332	–	1.83%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$62,994,000	–	678,152	–	1.74%	–
DVA	New	DAVITA INC	$62,321,000	–	787,483	–	1.72%	–
DGX	New	QUEST DIAGNOSTICS INC	$62,229,000	–	546,061	–	1.72%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$61,888,000	–	721,889	–	1.71%	–
MOH	New	MOLINA HEALTHCARE INC	$59,093,000	–	332,019	–	1.63%	–
CAR	New	AVIS BUDGET GROUP	$52,084,000	–	2,275,409	–	1.44%	–
URI	New	UNITED RENTALS INC	$48,187,000	–	323,316	–	1.33%	–
BKD	New	BROOKDALE SR LIVING INC	$39,343,000	–	13,336,554	–	1.08%	–
ESI	New	ELEMENT SOLUTIONS INC	$34,652,000	–	3,193,768	–	0.96%	–
UNH	New	UNITEDHEALTH GROUP INC	$32,700,000	–	110,866	–	0.90%	–
ENDP	New	ENDO INTL PLC	$32,403,000	–	9,446,971	–	0.89%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$29,551,000	–	81,555	–	0.82%	–
EBAY	New	EBAY INC.	$29,066,000	–	554,162	–	0.80%	–
MIK	New	MICHAELS COS INC	$24,751,000	–	3,500,850	–	0.68%	–
EXPE	New	EXPEDIA GROUP INC	$20,965,000	–	255,049	–	0.58%	–
MYGN	New	MYRIAD GENETICS INC	$20,534,000	–	1,810,727	–	0.57%	–
FISV	New	FISERV INC	$16,420,000	–	168,200	–	0.45%	–
LYFT	New	LYFT INC	$12,828,000	–	388,614	–	0.35%	–
CAR	New	AVIS BUDGET GROUPcall	$11,445,000	–	500,000	–	0.32%	–
PACB	New	PACIFIC BIOSCIENCES CALIF IN	$10,878,000	–	3,153,150	–	0.30%	–
BHVN	New	BIOHAVEN PHARMACTL HLDG CO L	$8,797,000	–	120,332	–	0.24%	–
HST	New	HOST HOTELS & RESORTS INC	$8,002,000	–	741,628	–	0.22%	–
BAX	New	BAXTER INTL INC	$6,607,000	–	76,738	–	0.18%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,452,000	–	3,845	–	0.15%	–
PRAH	New	PRA HEALTH SCIENCES INC	$2,197,000	–	22,579	–	0.06%	–
EW	New	EDWARDS LIFESCIENCES CORP	$233,000	–	3,375	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
ADT	Exit	ADT INC	$0	–	-151,301	–	-0.01%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-256,099	–	-0.14%	–
TPR	Exit	TAPESTRY INC	$0	–	-650,971	–	-0.18%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-788,242	–	-0.20%	–
LTHM	Exit	LIVENT CORP	$0	–	-3,012,513	–	-0.21%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLC	$0	–	-1,514,814	–	-0.21%	–
AGN	Exit	ALLERGAN PLC	$0	–	-154,400	–	-0.27%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-2,381,247	–	-0.47%	–
WCG	Exit	WELLCARE HEALTH PLANS INC	$0	–	-199,589	–	-0.54%	–
URI	Exit	UNITED RENTALS INC	$0	–	-417,802	–	-0.55%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-1,381,259	–	-0.63%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-2,485,735	–	-0.65%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-21,050,891	–	-0.71%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-583,129	–	-0.81%	–
LOW	Exit	LOWES COS INC	$0	–	-783,991	–	-0.91%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-1,260,606	–	-1.09%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-3,683,306	–	-1.11%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-739,717	–	-1.16%	–
TMUS	Exit	T MOBILE US INC	$0	–	-1,421,758	–	-1.18%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-1,058,466	–	-1.22%	–
ESI	Exit	ELEMENT SOLUTIONS INC	$0	–	-11,692,065	–	-1.25%	–
CAR	Exit	AVIS BUDGET GROUP INC	$0	–	-4,325,470	–	-1.29%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-6,043,409	–	-1.32%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-789,881	–	-1.32%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-7,902,017	–	-1.36%	–
MTOR	Exit	MERITOR INC	$0	–	-7,207,435	–	-1.40%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-17,633,572	–	-1.41%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-469,516	–	-1.44%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-726,468	–	-1.66%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-1,767,262	–	-1.66%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-4,138,024	–	-1.76%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-7,542,549	–	-1.91%	–
DVA	Exit	DAVITA INC	$0	–	-3,235,712	–	-1.94%	–
FLEX	Exit	FLEX LTDord	$0	–	-19,338,996	–	-2.13%	–
ANTM	Exit	ANTHEM INC	$0	–	-868,027	–	-2.19%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,876,936	–	-2.57%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-220,434	–	-2.83%	–
FISV	Exit	FISERV INC	$0	–	-2,717,742	–	-2.96%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-13,810,514	–	-3.18%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-11,796,332	–	-3.66%	–
FMC	Exit	F M C CORP	$0	–	-4,283,832	–	-3.95%	–
HUM	Exit	HUMANA INC	$0	–	-1,599,469	–	-4.30%	–
HOLX	Exit	HOLOGIC INC	$0	–	-8,210,187	–	-4.36%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-19,474,085	–	-4.53%	–
TAK	Exit	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$0	–	-27,443,846	–	-4.97%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-3,617,697	–	-5.68%	–
MCK	Exit	MCKESSON CORP	$0	–	-4,004,618	–	-5.76%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-5,340,716	–	-6.77%	–
CI	Exit	CIGNA CORP NEW	$0	–	-5,131,781	–	-8.20%	–

Q3 2019

			Value		Shares		↓ Weighting
CI	Buy	CIGNA CORP NEW	$778,953,000	-0.2%	5,131,781	+3.6%	8.20%	+15.8%
HCA	Buy	HCA HEALTHCARE INC	$643,129,000	-5.7%	5,340,716	+5.8%	6.77%	+9.4%
MCK	Sell	MCKESSON CORP	$547,271,000	-9.6%	4,004,618	-11.1%	5.76%	+4.9%
IQV	Sell	IQVIA HLDGS INC	$540,412,000	-13.3%	3,617,697	-6.6%	5.68%	+0.7%
TAK	Buy	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$472,034,000	+0.9%	27,443,846	+3.8%	4.97%	+17.1%
THC	Buy	TENET HEALTHCARE CORP	$430,767,000	+16.4%	19,474,085	+8.7%	4.53%	+35.1%
HOLX	Sell	HOLOGIC INC	$414,532,000	-11.7%	8,210,187	-16.0%	4.36%	+2.5%
HUM	Sell	HUMANA INC	$408,936,000	-12.3%	1,599,469	-9.0%	4.30%	+1.8%
FMC	Sell	F M C CORP	$375,606,000	-39.4%	4,283,832	-42.7%	3.95%	-29.7%
DXC	Buy	DXC TECHNOLOGY CO	$347,992,000	-42.3%	11,796,332	+7.8%	3.66%	-33.0%
BHC	Buy	BAUSCH HEALTH COS INC	$301,760,000	+23.2%	13,810,514	+42.2%	3.18%	+43.0%
FISV	New	FISERV INC	$281,531,000	–	2,717,742	–	2.96%	–
GOOGL	Sell	ALPHABET INCcap stk cl a	$269,181,000	-15.9%	220,434	-25.4%	2.83%	-2.4%
DIS	Sell	DISNEY WALT CO	$244,602,000	-7.0%	1,876,936	-0.3%	2.57%	+8.0%
ANTM	Sell	ANTHEM INC	$208,413,000	-15.2%	868,027	-0.3%	2.19%	-1.5%
FLEX	Buy	FLEX LTDord	$202,383,000	+9.4%	19,338,996	+0.1%	2.13%	+27.0%
WMB	Buy	WILLIAMS COS INC DEL	$181,474,000	-11.8%	7,542,549	+2.8%	1.91%	+2.4%
CBS	Sell	CBS CORP NEWcl b	$167,052,000	-19.3%	4,138,024	-0.2%	1.76%	-6.3%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$158,117,000	-55.6%	1,767,262	-57.2%	1.66%	-48.4%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$136,756,000	-15.4%	469,516	-14.7%	1.44%	-1.8%
BKD	Sell	BROOKDALE SR LIVING INC	$133,662,000	+0.6%	17,633,572	-4.3%	1.41%	+16.8%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$128,882,000	+36.7%	7,902,017	+33.9%	1.36%	+58.8%
GPN	New	GLOBAL PMTS INC	$125,591,000	–	789,881	–	1.32%	–
UNVR	Buy	UNIVAR SOLUTIONS INC	$125,461,000	-0.8%	6,043,409	+5.4%	1.32%	+15.2%
CAR	Buy	AVIS BUDGET GROUP INC	$122,238,000	+13.0%	4,325,470	+40.6%	1.29%	+31.2%
NXPI	Sell	NXP SEMICONDUCTORS N V	$115,500,000	-50.5%	1,058,466	-55.7%	1.22%	-42.5%
TMUS	Buy	T MOBILE US INC	$111,992,000	+26.7%	1,421,758	+19.2%	1.18%	+47.1%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$110,033,000	-52.8%	739,717	-58.6%	1.16%	-45.1%
MYGN	New	MYRIAD GENETICS INC	$105,453,000	–	3,683,306	–	1.11%	–
ABC	Sell	AMERISOURCEBERGEN CORP	$103,786,000	-25.4%	1,260,606	-22.8%	1.09%	-13.4%
FIS	New	FIDELITY NATL INFORMATION SV	$77,416,000	–	583,129	–	0.81%	–
ENDP	Buy	ENDO INTL PLC	$67,573,000	+18.8%	21,050,891	+52.5%	0.71%	+38.1%
LBTYA	Sell	LIBERTY GLOBAL PLC	$61,522,000	-51.0%	2,485,735	-46.6%	0.65%	-43.2%
CNC	Sell	CENTENE CORP DEL	$59,753,000	-23.1%	1,381,259	-6.8%	0.63%	-10.7%
WCG	Buy	WELLCARE HEALTH PLANS INC	$51,727,000	-0.1%	199,589	+9.9%	0.54%	+16.0%
NWL	New	NEWELL BRANDS INC	$44,577,000	–	2,381,247	–	0.47%	–
AGN	New	ALLERGAN PLC	$25,984,000	–	154,400	–	0.27%	–
DLPH	Sell	DELPHI TECHNOLOGIES PLC	$20,299,000	-66.8%	1,514,814	-50.5%	0.21%	-61.4%
LTHM	Sell	LIVENT CORP	$20,154,000	-68.6%	3,012,513	-67.6%	0.21%	-63.6%
LBTYK	Sell	LIBERTY GLOBAL PLC	$18,752,000	-84.5%	788,242	-82.7%	0.20%	-82.0%
TPR	New	TAPESTRY INC	$16,958,000	–	650,971	–	0.18%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$13,207,000	–	256,099	–	0.14%	–
ADT	New	ADT INC	$949,000	–	151,301	–	0.01%	–
JBL	Exit	JABIL INC	$0	–	-100,000	–	-0.03%	–
BAX	Exit	BAXTER INTL INC	$0	–	-212,055	–	-0.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-567,485	–	-0.69%	–
NVT	Exit	NVENT ELECTRIC PLC	$0	–	-3,240,147	–	-0.73%	–
WP	Exit	WORLDPAY INCcl a	$0	–	-847,839	–	-0.94%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-13,770,407	–	-3.38%	–

Q2 2019

			Value		Shares		↓ Weighting
CI	New	CIGNA CORP NEW	$780,761,000	–	4,955,640	–	7.08%	–
HCA	New	HCA HEALTHCARE INC	$682,347,000	–	5,048,066	–	6.18%	–
IQV	New	IQVIA HLDGS INC	$623,009,000	–	3,872,023	–	5.65%	–
FMC	New	F M C CORP	$620,315,000	–	7,478,180	–	5.62%	–
MCK	New	MCKESSON CORP	$605,510,000	–	4,505,619	–	5.49%	–
DXC	New	DXC TECHNOLOGY CO	$603,280,000	–	10,938,889	–	5.47%	–
HOLX	New	HOLOGIC INC	$469,407,000	–	9,775,247	–	4.25%	–
TAK	New	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$467,826,000	–	26,430,828	–	4.24%	–
HUM	New	HUMANA INC	$466,239,000	–	1,757,402	–	4.22%	–
FDC	New	FIRST DATA CORP NEW	$372,765,000	–	13,770,407	–	3.38%	–
THC	New	TENET HEALTHCARE CORP	$370,163,000	–	17,916,896	–	3.35%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$355,902,000	–	4,132,148	–	3.22%	–
GOOGL	New	ALPHABET INCcap stk cl a	$320,140,000	–	295,659	–	2.90%	–
DIS	New	DISNEY WALT CO	$262,928,000	–	1,882,898	–	2.38%	–
ANTM	New	ANTHEM INC	$245,753,000	–	870,817	–	2.23%	–
BHC	New	BAUSCH HEALTH COS INC	$245,018,000	–	9,715,244	–	2.22%	–
NXPI	New	NXP SEMICONDUCTORS N V	$233,179,000	–	2,388,888	–	2.11%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$232,969,000	–	1,786,710	–	2.11%	–
CBS	New	CBS CORP NEWcl b	$206,955,000	–	4,147,401	–	1.88%	–
WMB	New	WILLIAMS COS INC DEL	$205,696,000	–	7,335,812	–	1.86%	–
FLEX	New	FLEX LTDord	$184,967,000	–	19,327,774	–	1.68%	–
DVA	New	DAVITA INC	$182,041,000	–	3,235,712	–	1.65%	–
UNH	New	UNITEDHEALTH GROUP INC	$177,265,000	–	726,468	–	1.61%	–
MTOR	New	MERITOR INC	$174,780,000	–	7,207,435	–	1.58%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$161,690,000	–	550,564	–	1.46%	–
ABC	New	AMERISOURCEBERGEN CORP	$139,150,000	–	1,632,061	–	1.26%	–
BKD	New	BROOKDALE SR LIVING INC	$132,906,000	–	18,433,572	–	1.20%	–
UNVR	New	UNIVAR INC	$126,424,000	–	5,736,135	–	1.15%	–
LBTYA	New	LIBERTY GLOBAL PLC	$125,681,000	–	4,656,592	–	1.14%	–
ESI	New	ELEMENT SOLUTIONS INC	$120,896,000	–	11,692,065	–	1.10%	–
LBTYK	New	LIBERTY GLOBAL PLC	$120,915,000	–	4,557,652	–	1.10%	–
CAR	New	AVIS BUDGET GROUP INC	$108,134,000	–	3,075,470	–	0.98%	–
WP	New	WORLDPAY INCcl a	$103,903,000	–	847,839	–	0.94%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$94,255,000	–	5,902,017	–	0.85%	–
TMUS	New	T MOBILE US INC	$88,424,000	–	1,192,665	–	0.80%	–
NVT	New	NVENT ELECTRIC PLC	$80,323,000	–	3,240,147	–	0.73%	–
LOW	New	LOWES COS INC	$79,113,000	–	783,991	–	0.72%	–
CNC	New	CENTENE CORP DEL	$77,677,000	–	1,481,259	–	0.70%	–
MSFT	New	MICROSOFT CORP	$76,020,000	–	567,485	–	0.69%	–
LTHM	New	LIVENT CORP	$64,270,000	–	9,287,606	–	0.58%	–
DLPH	New	DELPHI TECHNOLOGIES PLC	$61,223,000	–	3,061,149	–	0.56%	–
ENDP	New	ENDO INTL PLC	$56,870,000	–	13,803,291	–	0.52%	–
URI	New	UNITED RENTALS INC	$55,413,000	–	417,802	–	0.50%	–
WCG	New	WELLCARE HEALTH PLANS INC	$51,794,000	–	181,689	–	0.47%	–
BAX	New	BAXTER INTL INC	$17,367,000	–	212,055	–	0.16%	–
JBL	New	JABIL INC	$3,160,000	–	100,000	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
CWSA	Exit	CITIGROUP INC*w exp 01/04/201	$0	–	-8,031,020	–	0.00%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-77,399	–	-0.08%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-343,932	–	-0.22%	–
CNDT	Exit	CONDUENT INC	$0	–	-2,001,227	–	-0.29%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-460,300	–	-0.30%	–
CI	Exit	CIGNA CORPORATIONcall	$0	–	-250,000	–	-0.33%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-305,126	–	-0.34%	–
MIK	Exit	MICHAELS COS INC	$0	–	-3,343,498	–	-0.34%	–
VER	Exit	VEREIT INC	$0	–	-8,848,612	–	-0.41%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLC	$0	–	-2,313,348	–	-0.46%	–
HTZGQ	Exit	HERTZ GLOBAL HLDGS INC	$0	–	-4,815,161	–	-0.50%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-923,680	–	-0.54%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-3,529,605	–	-0.58%	–
WP	Exit	WORLDPAY INCcl a	$0	–	-924,527	–	-0.60%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-1,196,359	–	-0.62%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-10,462,926	–	-0.65%	–
APTV	Exit	APTIV PLC	$0	–	-1,459,261	–	-0.78%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-2,435,834	–	-0.81%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-6,284,724	–	-0.85%	–
LOW	Exit	LOWES COS INC	$0	–	-1,196,828	–	-0.87%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-4,336,772	–	-0.88%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-5,080,421	–	-0.91%	–
PAH	Exit	PLATFORM SPECIALTY PRODS COR	$0	–	-12,494,222	–	-0.99%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,401,141	–	-1.02%	–
MTOR	Exit	MERITOR INC	$0	–	-8,394,008	–	-1.03%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-5,692,865	–	-1.05%	–
NVT	Exit	NVENT ELECTRIC PLC	$0	–	-6,157,097	–	-1.06%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-9,906,402	–	-1.09%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-2,035,855	–	-1.11%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-625,629	–	-1.30%	–
CI	Exit	CIGNA CORPORATION	$0	–	-980,573	–	-1.30%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-13,023,538	–	-1.39%	–
FLEX	Exit	FLEX LTDord	$0	–	-17,605,686	–	-1.47%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-8,558,315	–	-1.48%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-4,264,912	–	-1.56%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-3,875,231	–	-1.79%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,663,804	–	-2.01%	–
FDX	Exit	FEDEX CORP	$0	–	-1,410,421	–	-2.16%	–
HOLX	Exit	HOLOGIC INC	$0	–	-8,335,108	–	-2.17%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,286,949	–	-2.24%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-2,791,568	–	-2.27%	–
ARMK	Exit	ARAMARK	$0	–	-8,351,681	–	-2.28%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-313,241	–	-2.40%	–
EBAY	Exit	EBAY INC	$0	–	-11,577,436	–	-2.43%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-19,392,348	–	-2.50%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-4,784,984	–	-2.84%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-17,895,314	–	-3.24%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-6,614,954	–	-3.31%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-2,931,981	–	-3.38%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-22,006,029	–	-3.42%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,209,942	–	-3.43%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-4,335,102	–	-3.83%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-10,028,228	–	-4.10%	–
MCK	Exit	MCKESSON CORP	$0	–	-4,867,591	–	-4.10%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-5,296,977	–	-4.36%	–
AET	Exit	AETNA INC NEW	$0	–	-3,606,426	–	-4.65%	–
FMC	Exit	F M C CORP	$0	–	-8,526,844	–	-4.72%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-8,603,438	–	-5.19%	–

Q3 2018

			Value		Shares		↓ Weighting
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$817,413,000	+51.7%	8,603,438	+23.3%	5.19%	+41.2%
FMC	Buy	F M C CORP	$743,370,000	+4.0%	8,526,844	+6.4%	4.72%	-3.2%
AET	Buy	AETNA INC NEW	$731,564,000	+28.4%	3,606,426	+16.2%	4.65%	+19.6%
IQV	Sell	IQVIA HLDGS INC	$687,230,000	+15.5%	5,296,977	-11.1%	4.36%	+7.5%
MCK	Buy	MCKESSON CORP	$645,686,000	+2.8%	4,867,591	+3.3%	4.10%	-4.3%
DWDP	Sell	DOWDUPONT INC	$644,915,000	-15.3%	10,028,228	-13.2%	4.10%	-21.1%
HCA	Sell	HCA HEALTHCARE INC	$603,099,000	+10.2%	4,335,102	-18.7%	3.83%	+2.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$539,403,000	+2.3%	2,209,942	-13.2%	3.43%	-4.8%
FDC	Sell	FIRST DATA CORP NEW	$538,488,000	-3.6%	22,006,029	-17.6%	3.42%	-10.3%
SHPG	Sell	SHIRE PLCsponsored adr	$531,480,000	-36.5%	2,931,981	-40.9%	3.38%	-40.9%
CVS	Buy	CVS HEALTH CORP	$520,729,000	+49.2%	6,614,954	+22.0%	3.31%	+38.9%
DXC	Sell	DXC TECHNOLOGY CO	$447,492,000	+5.1%	4,784,984	-9.4%	2.84%	-2.2%
NWL	Sell	NEWELL BRANDS INC	$393,665,000	-23.7%	19,392,348	-3.0%	2.50%	-28.9%
EBAY	Sell	EBAY INC	$382,287,000	-11.7%	11,577,436	-3.0%	2.43%	-17.8%
GOOGL	Sell	ALPHABET INCcap stk cl a	$378,107,000	+1.4%	313,241	-5.1%	2.40%	-5.5%
ARMK	Buy	ARAMARK	$359,289,000	+91.5%	8,351,681	+65.2%	2.28%	+78.3%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$356,874,000	+9.6%	2,791,568	-4.5%	2.27%	+2.0%
ANTM	Buy	ANTHEM INC	$352,688,000	+16.2%	1,286,949	+0.9%	2.24%	+8.2%
HOLX	Buy	HOLOGIC INC	$341,573,000	+598.8%	8,335,108	+577.9%	2.17%	+551.4%
FDX	Buy	FEDEX CORP	$339,615,000	+27.5%	1,410,421	+20.2%	2.16%	+18.6%
AGN	Sell	ALLERGAN PLC	$316,921,000	+7.2%	1,663,804	-6.1%	2.01%	-0.1%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$282,504,000	-33.0%	3,875,231	-44.8%	1.79%	-37.6%
CBS	Sell	CBS CORP NEWcl b	$245,019,000	-8.5%	4,264,912	-10.5%	1.56%	-14.8%
WMB	Sell	WILLIAMS COS INC DEL	$232,701,000	-11.0%	8,558,315	-11.3%	1.48%	-17.2%
FLEX	Sell	FLEX LTDord	$230,987,000	-50.5%	17,605,686	-46.8%	1.47%	-53.9%
ENDP	Sell	ENDO INTL PLC	$219,186,000	+4.3%	13,023,538	-41.6%	1.39%	-2.9%
CI	Sell	CIGNA CORPORATION	$204,204,000	-28.1%	980,573	-41.3%	1.30%	-33.0%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$203,880,000	+31.3%	625,629	+18.1%	1.30%	+22.2%
NXPI	New	NXP SEMICONDUCTORS N V	$174,066,000	–	2,035,855	–	1.11%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$171,579,000	–	9,906,402	–	1.09%	–
NVT	Sell	NVENT ELECTRIC PLC	$167,227,000	+4.6%	6,157,097	-3.3%	1.06%	-2.6%
MTOR	Buy	MERITOR INC	$162,508,000	+36.9%	8,394,008	+45.5%	1.03%	+27.4%
MSFT	Buy	MICROSOFT CORP	$160,248,000	+31.1%	1,401,141	+13.0%	1.02%	+22.1%
CAR	Buy	AVIS BUDGET GROUP	$139,384,000	+11.2%	4,336,772	+12.4%	0.88%	+3.5%
LOW	Sell	LOWES COS INC	$137,420,000	-19.8%	1,196,828	-33.2%	0.87%	-25.3%
SYMC	New	SYMANTEC CORP	$133,739,000	–	6,284,724	–	0.85%	–
FBHS	Buy	FORTUNE BRANDS HOME & SEC IN	$127,540,000	+46.1%	2,435,834	+49.8%	0.81%	+36.1%
APTV	Sell	APTIV PLC	$122,432,000	-11.9%	1,459,261	-3.7%	0.78%	-17.8%
BKD	Buy	BROOKDALE SR LIVING INC	$102,851,000	+9.4%	10,462,926	+1.1%	0.65%	+1.9%
DLTR	New	DOLLAR TREE INC	$97,563,000	–	1,196,359	–	0.62%	–
WP	New	WORLDPAY INCcl a	$93,627,000	–	924,527	–	0.60%	–
BHC	New	BAUSCH HEALTH COS INC	$90,605,000	–	3,529,605	–	0.58%	–
ABC	Sell	AMERISOURCEBERGEN CORP	$85,182,000	+4.6%	923,680	-3.3%	0.54%	-2.7%
HTZGQ	Sell	HERTZ GLOBAL HLDGS INC	$78,632,000	+4.0%	4,815,161	-2.3%	0.50%	-3.3%
DLPH	Sell	DELPHI TECHNOLOGIES PLC	$72,547,000	-33.2%	2,313,348	-3.2%	0.46%	-37.8%
VER	Sell	VEREIT INC	$64,241,000	-26.9%	8,848,612	-25.1%	0.41%	-31.9%
MIK	Sell	MICHAELS COS INC	$54,265,000	-18.9%	3,343,498	-4.2%	0.34%	-24.3%
MHK	Buy	MOHAWK INDS INC	$53,504,000	+22.7%	305,126	+50.0%	0.34%	+14.5%
CI	New	CIGNA CORPORATIONcall	$52,063,000	–	250,000	–	0.33%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$47,185,000	–	460,300	–	0.30%	–
CNDT	Buy	CONDUENT INC	$45,068,000	+42.9%	2,001,227	+15.3%	0.29%	+33.0%
ALB	New	ALBEMARLE CORP	$34,318,000	–	343,932	–	0.22%	–
LH	Sell	LABORATORY CORP AMER HLDGS	$13,443,000	-85.3%	77,399	-84.8%	0.08%	-86.3%
PNR	Exit	PENTAIR PLC	$0	–	-3,496,053	–	-1.00%	–

Q2 2018

			Value		Shares		↓ Weighting
SHPG	New	SHIRE PLCsponsored adr	$837,569,000	–	4,961,899	–	5.71%	–
DWDP	New	DOWDUPONT INC	$761,296,000	–	11,548,793	–	5.19%	–
FMC	New	F M C CORP	$715,055,000	–	8,015,410	–	4.88%	–
MCK	New	MCKESSON CORP	$628,387,000	–	4,710,544	–	4.29%	–
THC	New	TENET HEALTHCARE CORP	$600,746,000	–	17,895,314	–	4.10%	–
IQV	New	IQVIA HLDGS INC	$595,061,000	–	5,961,345	–	4.06%	–
AET	New	AETNA INC NEW	$569,643,000	–	3,104,322	–	3.89%	–
FDC	New	FIRST DATA CORP NEW	$558,732,000	–	26,695,274	–	3.81%	–
HCA	New	HCA HEALTHCARE INC	$547,158,000	–	5,332,923	–	3.73%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$538,893,000	–	6,979,569	–	3.68%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$527,503,000	–	2,546,601	–	3.60%	–
NWL	New	NEWELL BRANDS INC	$515,719,000	–	19,996,871	–	3.52%	–
FLEX	New	FLEX LTDord	$466,645,000	–	33,071,960	–	3.18%	–
EBAY	New	EBAY INC	$432,897,000	–	11,938,688	–	2.95%	–
DXC	New	DXC TECHNOLOGY CO	$425,809,000	–	5,282,331	–	2.90%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$421,483,000	–	7,022,969	–	2.88%	–
GOOGL	New	ALPHABET INCcap stk cl a	$372,747,000	–	330,101	–	2.54%	–
CVS	New	CVS HEALTH CORP	$348,921,000	–	5,422,240	–	2.38%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$325,749,000	–	2,923,093	–	2.22%	–
ANTM	New	ANTHEM INC	$303,646,000	–	1,275,662	–	2.07%	–
AGN	New	ALLERGAN PLC	$295,508,000	–	1,772,481	–	2.02%	–
CI	New	CIGNA CORPORATION	$283,818,000	–	1,670,007	–	1.94%	–
CBS	New	CBS CORP NEWcl b	$267,792,000	–	4,763,287	–	1.83%	–
FDX	New	FEDEX CORP	$266,438,000	–	1,173,426	–	1.82%	–
WMB	New	WILLIAMS COS INC DEL	$261,573,000	–	9,648,585	–	1.78%	–
ENDP	New	ENDO INTL PLC	$210,180,000	–	22,288,422	–	1.43%	–
ARMK	New	ARAMARK	$187,605,000	–	5,056,734	–	1.28%	–
LOW	New	LOWES COS INC	$171,329,000	–	1,792,707	–	1.17%	–
NVT	New	NVENT ELECTRIC PLC	$159,849,000	–	6,368,500	–	1.09%	–
LBTYA	New	LIBERTY GLOBAL PLC	$156,782,000	–	5,692,865	–	1.07%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$155,330,000	–	529,758	–	1.06%	–
PNR	New	PENTAIR PLC	$147,114,000	–	3,496,053	–	1.00%	–
PAH	New	PLATFORM SPECIALTY PRODS COR	$144,933,000	–	12,494,222	–	0.99%	–
APTV	New	APTIV PLC	$138,892,000	–	1,515,792	–	0.95%	–
LBTYK	New	LIBERTY GLOBAL PLC	$135,190,000	–	5,080,421	–	0.92%	–
CAR	New	AVIS BUDGET GROUP	$125,377,000	–	3,857,753	–	0.86%	–
MSFT	New	MICROSOFT CORP	$122,280,000	–	1,240,033	–	0.83%	–
MTOR	New	MERITOR INC	$118,700,000	–	5,770,561	–	0.81%	–
DLPH	New	DELPHI TECHNOLOGIES PLC	$108,587,000	–	2,388,618	–	0.74%	–
BKD	New	BROOKDALE SR LIVING INC	$94,038,000	–	10,345,218	–	0.64%	–
LH	New	LABORATORY CORP AMER HLDGS	$91,206,000	–	508,029	–	0.62%	–
VER	New	VEREIT INC	$87,858,000	–	11,808,852	–	0.60%	–
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$87,288,000	–	1,625,777	–	0.60%	–
ABC	New	AMERISOURCEBERGEN CORP	$81,433,000	–	955,007	–	0.56%	–
HTZGQ	New	HERTZ GLOBAL HLDGS INC	$75,614,000	–	4,929,228	–	0.52%	–
MIK	New	MICHAELS COS INC	$66,882,000	–	3,488,904	–	0.46%	–
HOLX	New	HOLOGIC INC	$48,877,000	–	1,229,620	–	0.33%	–
MHK	New	MOHAWK INDS INC	$43,596,000	–	203,465	–	0.30%	–
CNDT	New	CONDUENT INC	$31,543,000	–	1,736,002	–	0.22%	–
CWSA	New	CITIGROUP INC*w exp 01/04/201	$100,000	–	8,031,020	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
CWSA	Exit	CITIGROUP INC*w exp 01/04/201	$0	–	-8,031,020	–	-0.01%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-49,400	–	-0.02%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-163,901	–	-0.07%	–
PX	Exit	PRAXAIR INC	$0	–	-100,000	–	-0.08%	–
KND	Exit	KINDRED HEALTHCARE INC	$0	–	-4,217,713	–	-0.17%	–
FDX	Exit	FEDEX CORP	$0	–	-127,521	–	-0.17%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-994,046	–	-0.19%	–
TLRDQ	Exit	TAILORED BRANDS INC	$0	–	-2,400,000	–	-0.20%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-1,819,630	–	-0.20%	–
MON	Exit	MONSANTO CO NEW	$0	–	-355,764	–	-0.25%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-477,974	–	-0.29%	–
CNDT	Exit	CONDUENT INC	$0	–	-4,000,000	–	-0.36%	–
TWTR	Exit	TWITTER INC	$0	–	-4,977,679	–	-0.49%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-2,302,642	–	-0.51%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-10,953,261	–	-0.54%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-422,233	–	-0.61%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,092,657	–	-0.63%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-1,369,003	–	-0.65%	–
HTZGQ	Exit	HERTZ GLOBAL HLDGS INC	$0	–	-5,062,166	–	-0.66%	–
PNR	Exit	PENTAIR PLC	$0	–	-1,771,167	–	-0.70%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-3,896,651	–	-0.74%	–
CCEP	Exit	COCA COLA EUROPEAN PARTNERS	$0	–	-3,159,116	–	-0.76%	–
MTOR	Exit	MERITOR INC	$0	–	-5,876,817	–	-0.89%	–
VER	Exit	VEREIT INC	$0	–	-19,084,897	–	-0.92%	–
PAH	Exit	PLATFORM SPECIALTY PRODS COR	$0	–	-14,328,633	–	-0.93%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-15,750,718	–	-0.97%	–
DNB	Exit	DUN & BRADSTREET CORP DEL NE	$0	–	-1,810,906	–	-1.22%	–
V	Exit	VISA INC	$0	–	-2,028,651	–	-1.24%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-6,531,357	–	-1.24%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-7,527,089	–	-1.31%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-2,376,174	–	-1.36%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-2,299,484	–	-1.48%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-7,758,465	–	-1.53%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-7,598,004	–	-1.68%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-17,890,230	–	-1.70%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-16,969,432	–	-1.78%	–
LOW	Exit	LOWES COS INC	$0	–	-4,191,810	–	-1.94%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-3,155,386	–	-2.14%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-6,567,902	–	-2.21%	–
AAPL	Exit	APPLE INC	$0	–	-2,489,532	–	-2.23%	–
EBAY	Exit	EBAY INC	$0	–	-10,456,699	–	-2.33%	–
MCK	Exit	MCKESSON CORP	$0	–	-2,720,878	–	-2.42%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-2,908,188	–	-2.55%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,341,332	–	-2.75%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,728,827	–	-3.00%	–
CI	Exit	CIGNA CORPORATION	$0	–	-3,083,753	–	-3.34%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-608,110	–	-3.44%	–
AET	Exit	AETNA INC NEW	$0	–	-3,794,484	–	-3.50%	–
FLEX	Exit	FLEX LTDord	$0	–	-39,432,751	–	-3.79%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-7,819,944	–	-3.90%	–
ANTM	Exit	ANTHEM INC	$0	–	-3,802,515	–	-4.19%	–
Q	Exit	QUINTILES IMS HOLDINGS INC	$0	–	-8,921,356	–	-4.92%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-5,869,138	–	-5.22%	–
FMC	Exit	F M C CORP	$0	–	-11,721,194	–	-6.07%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-16,238,778	–	-6.52%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-15,155,942	–	-7.00%	–

Q3 2017

			Value		Shares		↓ Weighting
HCA	Buy	HCA HEALTHCARE INC	$1,206,261,000	-7.2%	15,155,942	+1.7%	7.00%	-17.0%
DWDP	New	DOWDUPONT INC	$1,124,211,000	–	16,238,778	–	6.52%	–
FMC	Sell	F M C CORP	$1,046,820,000	+10.3%	11,721,194	-9.8%	6.07%	-1.4%
SHPG	Buy	SHIRE PLCsponsored adr	$898,800,000	+215.6%	5,869,138	+240.6%	5.22%	+182.2%
ANTM	Sell	ANTHEM INC	$722,022,000	-5.3%	3,802,515	-6.1%	4.19%	-15.3%
DXC	Sell	DXC TECHNOLOGY CO	$671,577,000	+7.3%	7,819,944	-4.1%	3.90%	-4.0%
FLEX	Buy	FLEX LTDord	$653,401,000	+5.0%	39,432,751	+3.3%	3.79%	-6.1%
AET	Buy	AETNA INC NEW	$603,361,000	+20.0%	3,794,484	+14.6%	3.50%	+7.4%
GOOGL	Sell	ALPHABET INCcap stk cl a	$592,129,000	+3.2%	608,110	-1.4%	3.44%	-7.7%
CI	Sell	CIGNA CORPORATION	$576,477,000	-8.0%	3,083,753	-17.6%	3.34%	-17.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$516,294,000	+7.2%	2,728,827	-1.1%	3.00%	-4.1%
ABBV	Sell	ABBVIE INC	$474,631,000	+7.1%	5,341,332	-12.6%	2.75%	-4.2%
LH	Buy	LABORATORY CORP AMER HLDGS	$439,049,000	+6.9%	2,908,188	+9.1%	2.55%	-4.4%
MCK	Buy	MCKESSON CORP	$417,954,000	+113.8%	2,720,878	+129.1%	2.42%	+91.2%
EBAY	Buy	EBAY INC	$402,165,000	+29.3%	10,456,699	+17.4%	2.33%	+15.6%
AAPL	Sell	APPLE INC	$383,687,000	+5.3%	2,489,532	-1.6%	2.23%	-5.8%
CBS	Buy	CBS CORP NEWcl b	$380,938,000	+2.3%	6,567,902	+12.5%	2.21%	-8.6%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$369,464,000	+273.0%	3,155,386	+309.0%	2.14%	+233.4%
LOW	Sell	LOWES COS INC	$335,093,000	-34.7%	4,191,810	-36.7%	1.94%	-41.6%
FDC	Buy	FIRST DATA CORP NEW	$306,129,000	+37.7%	16,969,432	+38.9%	1.78%	+23.1%
CAR	Sell	AVIS BUDGET GROUP	$289,180,000	+36.0%	7,598,004	-2.6%	1.68%	+21.6%
LBTYA	Sell	LIBERTY GLOBAL PLC	$263,090,000	+4.3%	7,758,465	-1.2%	1.53%	-6.7%
UHS	Buy	UNIVERSAL HLTH SVCS INCcl b	$255,105,000	+5.9%	2,299,484	+16.5%	1.48%	-5.3%
3106PS	Buy	DELPHI AUTOMOTIVE PLC	$233,816,000	+43.3%	2,376,174	+27.7%	1.36%	+28.1%
WMB	Buy	WILLIAMS COS INC DEL	$225,888,000	+17.1%	7,527,089	+18.2%	1.31%	+4.8%
LBTYK	Sell	LIBERTY GLOBAL PLC	$213,575,000	+2.5%	6,531,357	-2.2%	1.24%	-8.4%
V	Sell	VISA INC	$213,495,000	-14.3%	2,028,651	-23.6%	1.24%	-23.3%
DNB	Buy	DUN & BRADSTREET CORP DEL NE	$210,808,000	+93.8%	1,810,906	+80.0%	1.22%	+73.2%
BKD	Buy	BROOKDALE SR LIVING INC	$166,958,000	-25.6%	15,750,718	+3.3%	0.97%	-33.4%
PAH	Buy	PLATFORM SPECIALTY PRODS COR	$159,764,000	-4.6%	14,328,633	+8.5%	0.93%	-14.6%
VER	Buy	VEREIT INC	$158,214,000	+8.3%	19,084,897	+6.3%	0.92%	-3.2%
MTOR	Sell	MERITOR INC	$152,856,000	+50.2%	5,876,817	-4.1%	0.89%	+34.4%
CCEP	Sell	COCA COLA EUROPEAN PARTNERS	$131,482,000	-17.0%	3,159,116	-18.9%	0.76%	-25.8%
RLGY	Sell	REALOGY HLDGS CORP	$128,395,000	-37.2%	3,896,651	-38.2%	0.74%	-43.9%
PNR	New	PENTAIR PLC	$120,369,000	–	1,771,167	–	0.70%	–
HTZGQ	Sell	HERTZ GLOBAL HLDGS INC	$113,190,000	+72.2%	5,062,166	-11.4%	0.66%	+54.2%
CVS	New	CVS HEALTH CORP	$111,327,000	–	1,369,003	–	0.65%	–
NKE	Buy	NIKE INCcl b	$108,504,000	+131.8%	2,092,657	+163.8%	0.63%	+107.2%
ENDP	Buy	ENDO INTL PLC	$93,815,000	-19.1%	10,953,261	+5.5%	0.54%	-27.7%
CMCSA	New	COMCAST CORP NEWcl a	$88,606,000	–	2,302,642	–	0.51%	–
TWTR	New	TWITTER INC	$83,973,000	–	4,977,679	–	0.49%	–
CNDT	New	CONDUENT INC	$62,680,000	–	4,000,000	–	0.36%	–
MGM	New	MGM RESORTS INTERNATIONAL	$32,396,000	–	994,046	–	0.19%	–
FDX	New	FEDEX CORP	$28,766,000	–	127,521	–	0.17%	–
KND	Buy	KINDRED HEALTHCARE INC	$28,680,000	+3.7%	4,217,713	+77.6%	0.17%	-7.3%
PX	New	PRAXAIR INC	$13,974,000	–	100,000	–	0.08%	–
VNTV	New	VANTIV INCcl a	$11,550,000	–	163,901	–	0.07%	–
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$3,815,000	-97.2%	49,400	-97.2%	0.02%	-97.5%
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-1,422,703	–	-0.15%	–
HAIN	Exit	HAIN CELESTIAL GROUP INC	$0	–	-1,000,000	–	-0.25%	–
PHH	Exit	PHH CORP	$0	–	-3,932,639	–	-0.35%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-1,787,538	–	-0.94%	–
HUM	Exit	HUMANA INC	$0	–	-717,470	–	-1.12%	–
DOW	Exit	DOW CHEM CO	$0	–	-14,217,189	–	-5.82%	–

Q2 2017

			Value		Shares		↓ Weighting
HCA	New	HCA HEALTHCARE INC	$1,299,218,000	–	14,899,289	–	8.43%	–
FMC	New	F M C CORP	$949,088,000	–	12,992,304	–	6.16%	–
DOW	New	DOW CHEM CO	$896,678,000	–	14,217,189	–	5.82%	–
Q	New	QUINTILES IMS HOLDINGS INC	$798,461,000	–	8,921,356	–	5.18%	–
ANTM	New	ANTHEM INC	$762,045,000	–	4,050,631	–	4.94%	–
CI	New	CIGNA CORPORATION	$626,572,000	–	3,743,184	–	4.06%	–
DXC	New	DXC TECHNOLOGY CO	$625,894,000	–	8,158,165	–	4.06%	–
FLEX	New	FLEX LTDord	$622,430,000	–	38,162,481	–	4.04%	–
GOOGL	New	ALPHABET INCcap stk cl a	$573,569,000	–	616,953	–	3.72%	–
LOW	New	LOWES COS INC	$513,373,000	–	6,621,609	–	3.33%	–
AET	New	AETNA INC NEW	$502,629,000	–	3,310,469	–	3.26%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$481,531,000	–	2,759,965	–	3.12%	–
ABBV	New	ABBVIE INC	$443,048,000	–	6,110,170	–	2.88%	–
LH	New	LABORATORY CORP AMER HLDGS	$410,781,000	–	2,664,988	–	2.66%	–
CBS	New	CBS CORP NEWcl b	$372,498,000	–	5,840,355	–	2.42%	–
AAPL	New	APPLE INC	$364,327,000	–	2,529,696	–	2.36%	–
THC	New	TENET HEALTHCARE CORP	$345,997,000	–	17,890,230	–	2.24%	–
EBAY	New	EBAY INC	$310,995,000	–	8,905,922	–	2.02%	–
SHPG	New	SHIRE PLCsponsored adr	$284,756,000	–	1,722,977	–	1.85%	–
LBTYA	New	LIBERTY GLOBAL PLC	$252,257,000	–	7,853,565	–	1.64%	–
V	New	VISA INC	$248,985,000	–	2,654,993	–	1.62%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$240,930,000	–	1,973,545	–	1.56%	–
BKD	New	BROOKDALE SR LIVING INC	$224,338,000	–	15,250,718	–	1.46%	–
FDC	New	FIRST DATA CORP NEW	$222,394,000	–	12,219,432	–	1.44%	–
CAR	New	AVIS BUDGET GROUP	$212,652,000	–	7,798,004	–	1.38%	–
LBTYK	New	LIBERTY GLOBAL PLC	$208,325,000	–	6,681,357	–	1.35%	–
RLGY	New	REALOGY HLDGS CORP	$204,481,000	–	6,301,426	–	1.33%	–
MCK	New	MCKESSON CORP	$195,445,000	–	1,187,828	–	1.27%	–
WMB	New	WILLIAMS COS INC DEL	$192,828,000	–	6,368,161	–	1.25%	–
HUM	New	HUMANA INC	$172,638,000	–	717,470	–	1.12%	–
PAH	New	PLATFORM SPECIALTY PRODS COR	$167,422,000	–	13,203,633	–	1.09%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$163,155,000	–	1,861,436	–	1.06%	–
CCEP	New	COCA COLA EUROPEAN PARTNERS	$158,364,000	–	3,893,870	–	1.03%	–
VER	New	VEREIT INC	$146,082,000	–	17,946,243	–	0.95%	–
DD	New	DU PONT E I DE NEMOURS & CO	$144,272,000	–	1,787,538	–	0.94%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$136,875,000	–	1,747,858	–	0.89%	–
ENDP	New	ENDO INTL PLC	$115,927,000	–	10,378,390	–	0.75%	–
DNB	New	DUN & BRADSTREET CORP DEL NE	$108,776,000	–	1,005,788	–	0.71%	–
MHK	New	MOHAWK INDS INC	$102,049,000	–	422,233	–	0.66%	–
MTOR	New	MERITOR INC	$101,766,000	–	6,126,817	–	0.66%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$99,049,000	–	771,410	–	0.64%	–
HTZGQ	New	HERTZ GLOBAL HLDGS INC	$65,721,000	–	5,714,904	–	0.43%	–
PHH	New	PHH CORP	$54,152,000	–	3,932,639	–	0.35%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$47,993,000	–	477,974	–	0.31%	–
NKE	New	NIKE INCcl b	$46,806,000	–	793,319	–	0.30%	–
MON	New	MONSANTO CO NEW	$42,108,000	–	355,764	–	0.27%	–
HAIN	New	HAIN CELESTIAL GROUP INC	$38,820,000	–	1,000,000	–	0.25%	–
KMI	New	KINDER MORGAN INC DEL	$34,864,000	–	1,819,630	–	0.23%	–
KND	New	KINDRED HEALTHCARE INC	$27,665,000	–	2,374,713	–	0.18%	–
TLRDQ	New	TAILORED BRANDS INC	$26,784,000	–	2,400,000	–	0.17%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$23,503,000	–	1,422,703	–	0.15%	–
CWSA	New	CITIGROUP INC*w exp 01/04/201	$1,205,000	–	8,031,020	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
CWSA	Exit	CITIGROUP INC*w exp 01/04/201	$0	–	-8,031,020	–	-0.00%	–
LPNT	Exit	LIFEPOINT HEALTH INC	$0	–	-250,000	–	-0.11%	–
KND	Exit	KINDRED HEALTHCARE INC	$0	–	-1,999,713	–	-0.15%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-267,951	–	-0.25%	–
TLRDQ	Exit	TAILORED BRANDS INC	$0	–	-2,400,000	–	-0.27%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-854,335	–	-0.32%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-640,960	–	-0.32%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC	$0	–	-974,731	–	-0.39%	–
CCEP	Exit	COCA COLA EUROPEAN PARTNERS	$0	–	-1,405,892	–	-0.40%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-4,572,703	–	-0.43%	–
PHH	Exit	PHH CORP	$0	–	-4,719,361	–	-0.49%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-3,013,739	–	-0.49%	–
AAPL	Exit	APPLE INC	$0	–	-679,213	–	-0.55%	–
PAH	Exit	PLATFORM SPECIALTY PRODS COR	$0	–	-10,294,598	–	-0.60%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-4,250,784	–	-0.61%	–
MTOR	Exit	MERITOR INC	$0	–	-8,126,817	–	-0.65%	–
AN	Exit	AUTONATION INC	$0	–	-1,885,833	–	-0.66%	–
TWX	Exit	TIME WARNER INC	$0	–	-1,257,086	–	-0.72%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-2,176,144	–	-0.72%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-950,390	–	-0.84%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-1,821,983	–	-0.87%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-4,286,651	–	-1.05%	–
VER	Exit	VEREIT INC	$0	–	-14,390,111	–	-1.07%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-11,537,629	–	-1.09%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-6,002,557	–	-1.11%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-5,320,677	–	-1.26%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-672,597	–	-1.30%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-2,870,015	–	-1.48%	–
IMS	Exit	IMS HEALTH HLDGS INC	$0	–	-7,426,648	–	-1.66%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-8,438,558	–	-1.86%	–
HTZGQ	Exit	HERTZ GLOBAL HLDGS INC	$0	–	-6,602,768	–	-1.90%	–
Q	Exit	QUINTILES TRANSNATIO HLDGS I	$0	–	-3,381,622	–	-1.96%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-8,298,004	–	-2.03%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-16,630,415	–	-2.08%	–
HLS	Exit	HEALTHSOUTH CORP	$0	–	-7,169,780	–	-2.08%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-371,849	–	-2.14%	–
DOW	Exit	DOW CHEM CO	$0	–	-5,901,185	–	-2.19%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,030,141	–	-2.72%	–
CSC	Exit	COMPUTER SCIENCES CORP	$0	–	-7,641,847	–	-2.85%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-17,890,230	–	-2.90%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,686,316	–	-3.06%	–
FMC	Exit	F M C CORP	$0	–	-10,415,525	–	-3.60%	–
FLEX	Exit	FLEX LTDord	$0	–	-38,970,589	–	-3.80%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-4,212,026	–	-4.14%	–
AET	Exit	AETNA INC NEW	$0	–	-5,179,716	–	-4.28%	–
ANTM	Exit	ANTHEM INC	$0	–	-5,597,242	–	-5.02%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-13,500,427	–	-5.29%	–
CI	Exit	CIGNA CORPORATION	$0	–	-5,991,396	–	-5.58%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-15,988,990	–	-8.65%	–
HUM	Exit	HUMANA INC	$0	–	-9,529,175	–	-12.06%	–

Q3 2016

			Value		Shares		↓ Weighting
HUM	Buy	HUMANA INC	$1,685,616,000	+8.1%	9,529,175	+9.9%	12.06%	+9.4%
HCA	Buy	HCA HOLDINGS INC	$1,209,247,000	+7.6%	15,988,990	+9.6%	8.65%	+8.9%
CI	Sell	CIGNA CORPORATION	$780,799,000	-0.1%	5,991,396	-1.9%	5.58%	+1.1%
CBS	Buy	CBS CORP NEWcl b	$739,013,000	+86.0%	13,500,427	+85.0%	5.29%	+88.2%
ANTM	Buy	ANTHEM INC	$701,390,000	+34.9%	5,597,242	+41.4%	5.02%	+36.4%
LH	Sell	LABORATORY CORP AMER HLDGS	$579,069,000	-18.5%	4,212,026	-22.8%	4.14%	-17.6%
FLEX	Sell	FLEX LTDord	$530,779,000	-6.3%	38,970,589	-18.8%	3.80%	-5.2%
FMC	Sell	F M C CORP	$503,486,000	-0.4%	10,415,525	-4.6%	3.60%	+0.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$427,285,000	+1.2%	2,686,316	-6.0%	3.06%	+2.3%
CSC	Buy	COMPUTER SCIENCES CORP	$398,981,000	+16.8%	7,641,847	+11.1%	2.85%	+18.2%
ABBV	Sell	ABBVIE INC	$380,321,000	-50.7%	6,030,141	-51.6%	2.72%	-50.1%
DOW	Buy	DOW CHEM CO	$305,858,000	+12.5%	5,901,185	+7.9%	2.19%	+13.8%
Q	Buy	QUINTILES TRANSNATIO HLDGS I	$274,114,000	+118.6%	3,381,622	+76.2%	1.96%	+121.3%
HTZGQ	New	HERTZ GLOBAL HLDGS INC	$265,167,000	–	6,602,768	–	1.90%	–
WMB	Buy	WILLIAMS COS INC DEL	$259,317,000	+68.1%	8,438,558	+18.3%	1.86%	+70.0%
IMS	Buy	IMS HEALTH HLDGS INC	$232,751,000	+35.8%	7,426,648	+9.9%	1.66%	+37.4%
MAN	Sell	MANPOWERGROUP INC	$207,387,000	-8.4%	2,870,015	-18.4%	1.48%	-7.3%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$181,581,000	-22.6%	672,597	-34.5%	1.30%	-21.7%
FDC	Buy	FIRST DATA CORP NEW	$151,835,000	+89.1%	11,537,629	+59.1%	1.09%	+91.2%
VER	Sell	VEREIT INC	$149,225,000	-3.6%	14,390,111	-5.8%	1.07%	-2.6%
LBTYA	Buy	LIBERTY GLOBAL PLC	$146,518,000	+21.6%	4,286,651	+3.4%	1.05%	+23.0%
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$117,107,000	–	950,390	–	0.84%	–
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$100,124,000	-35.3%	2,176,144	-29.4%	0.72%	-34.6%
TWX	New	TIME WARNER INC	$100,077,000	–	1,257,086	–	0.72%	–
ENDP	New	ENDO INTL PLC	$85,653,000	–	4,250,784	–	0.61%	–
PAH	New	PLATFORM SPECIALTY PRODS COR	$83,489,000	–	10,294,598	–	0.60%	–
AAPL	New	APPLE INC	$76,785,000	–	679,213	–	0.55%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$68,563,000	–	3,013,739	–	0.49%	–
PHH	Sell	PHH CORP	$68,195,000	+6.3%	4,719,361	-2.0%	0.49%	+7.7%
MRVL	Buy	MARVELL TECHNOLOGY GROUP LTDord	$60,680,000	+49.5%	4,572,703	+7.4%	0.43%	+51.2%
CCEP	New	COCA COLA EUROPEAN PARTNERS	$56,095,000	–	1,405,892	–	0.40%	–
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$45,207,000	+726.9%	640,960	+788.7%	0.32%	+728.2%
BEAV	New	B/E AEROSPACE INC	$44,135,000	–	854,335	–	0.32%	–
TLRDQ	New	TAILORED BRANDS INC	$37,680,000	–	2,400,000	–	0.27%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$35,576,000	–	267,951	–	0.25%	–
LPNT	New	LIFEPOINT HEALTH INC	$14,808,000	–	250,000	–	0.11%	–
SYT	Exit	SYNGENTA AGsponsored adr	$0	–	-177,762	–	-0.10%	–
LILA	Exit	LIBERTY GLOBAL PLC	$0	–	-517,336	–	-0.12%	–
LILAK	Exit	LIBERTY GLOBAL PLC	$0	–	-663,844	–	-0.15%	–
TMUS	Exit	T MOBILE US INC	$0	–	-504,600	–	-0.15%	–
SBAC	Exit	SBA COMMUNICATIONS CORP	$0	–	-469,781	–	-0.36%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-1,098,400	–	-0.57%	–
WOOF	Exit	VCA INC	$0	–	-1,421,323	–	-0.68%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-33,013,876	–	-2.58%	–
MON	Exit	MONSANTO CO NEW	$0	–	-10,794,306	–	-7.89%	–

Q2 2016

			Value		Shares		↓ Weighting
HUM	New	HUMANA INC	$1,559,245,000	–	8,668,249	–	11.02%	–
HCA	New	HCA HOLDINGS INC	$1,123,344,000	–	14,586,992	–	7.94%	–
MON	New	MONSANTO CO NEW	$1,116,239,000	–	10,794,306	–	7.89%	–
CI	New	CIGNA CORPORATION	$781,523,000	–	6,106,123	–	5.52%	–
ABBV	New	ABBVIE INC	$771,057,000	–	12,454,488	–	5.45%	–
LH	New	LABORATORY CORP AMER HLDGS	$710,828,000	–	5,456,575	–	5.03%	–
AET	New	AETNA INC NEW	$632,599,000	–	5,179,716	–	4.47%	–
FLEX	New	FLEXTRONICS INTL LTDord	$566,381,000	–	47,998,431	–	4.00%	–
ANTM	New	ANTHEM INC	$520,030,000	–	3,959,416	–	3.68%	–
FMC	New	F M C CORP	$505,498,000	–	10,915,525	–	3.57%	–
THC	New	TENET HEALTHCARE CORP	$494,486,000	–	17,890,230	–	3.50%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$422,334,000	–	2,858,240	–	2.99%	–
CBS	New	CBS CORP NEWcl b	$397,322,000	–	7,298,338	–	2.81%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$365,464,000	–	33,013,876	–	2.58%	–
CSC	New	COMPUTER SCIENCES CORP	$341,557,000	–	6,879,290	–	2.42%	–
HLS	New	HEALTHSOUTH CORP	$278,331,000	–	7,169,780	–	1.97%	–
DOW	New	DOW CHEM CO	$271,794,000	–	5,467,585	–	1.92%	–
CAR	New	AVIS BUDGET GROUP	$267,445,000	–	8,298,004	–	1.89%	–
GOOGL	New	ALPHABET INCcap stk cl a	$261,607,000	–	371,849	–	1.85%	–
BKD	New	BROOKDALE SR LIVING INC	$256,774,000	–	16,630,415	–	1.82%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$234,687,000	–	1,026,447	–	1.66%	–
MAN	New	MANPOWERGROUP INC	$226,361,000	–	3,518,194	–	1.60%	–
RLGY	New	REALOGY HLDGS CORP	$174,194,000	–	6,002,557	–	1.23%	–
IMS	New	IMS HEALTH HLDGS INC	$171,410,000	–	6,759,068	–	1.21%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$154,851,000	–	3,082,847	–	1.10%	–
VER	New	VEREIT INC	$154,820,000	–	15,268,212	–	1.10%	–
WMB	New	WILLIAMS COS INC DEL	$154,280,000	–	7,132,682	–	1.09%	–
LBTYK	New	LIBERTY GLOBAL PLC	$152,437,000	–	5,320,677	–	1.08%	–
Q	New	QUINTILES TRANSNATIO HLDGS I	$125,385,000	–	1,919,555	–	0.89%	–
LBTYA	New	LIBERTY GLOBAL PLC	$120,493,000	–	4,146,340	–	0.85%	–
DD	New	DU PONT E I DE NEMOURS & CO	$118,064,000	–	1,821,983	–	0.84%	–
WOOF	New	VCA INC	$96,096,000	–	1,421,323	–	0.68%	–
AN	New	AUTONATION INC	$88,596,000	–	1,885,833	–	0.63%	–
FIS	New	FIDELITY NATL INFORMATION SV	$80,930,000	–	1,098,400	–	0.57%	–
FDC	New	FIRST DATA CORP NEW	$80,278,000	–	7,251,854	–	0.57%	–
PHH	New	PHH CORP	$64,135,000	–	4,814,961	–	0.45%	–
MTOR	New	MERITOR INC	$58,513,000	–	8,126,817	–	0.41%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC	$51,407,000	–	974,731	–	0.36%	–
SBAC	New	SBA COMMUNICATIONS CORP	$50,708,000	–	469,781	–	0.36%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$40,589,000	–	4,259,025	–	0.29%	–
KND	New	KINDRED HEALTHCARE INC	$22,577,000	–	1,999,713	–	0.16%	–
TMUS	New	T MOBILE US INC	$21,834,000	–	504,600	–	0.15%	–
LILAK	New	LIBERTY GLOBAL PLC	$21,568,000	–	663,844	–	0.15%	–
LILA	New	LIBERTY GLOBAL PLC	$16,689,000	–	517,336	–	0.12%	–
SYT	New	SYNGENTA AGsponsored adr	$13,650,000	–	177,762	–	0.10%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$5,467,000	–	72,122	–	0.04%	–
CWSA	New	CITIGROUP INC*w exp 01/04/201	$472,000	–	8,031,020	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
CWSA	Exit	CITIGROUP INC*w exp 01/04/201	$0	–	-8,561,020	–	-0.02%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-1,562,421	–	-0.07%	–
TERP	Exit	TERRAFORM PWR INC	$0	–	-1,271,149	–	-0.09%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-471,908	–	-0.11%	–
GLBL	Exit	TERRAFORM GLOBAL INCcl a	$0	–	-3,508,770	–	-0.12%	–
KND	Exit	KINDRED HEALTHCARE INC	$0	–	-1,712,613	–	-0.13%	–
AAPL	Exit	APPLE INC	$0	–	-301,778	–	-0.16%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-184,177	–	-0.17%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-245,629	–	-0.18%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-202,104	–	-0.18%	–
MYL	Exit	MYLAN N V	$0	–	-934,006	–	-0.19%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC	$0	–	-604,401	–	-0.24%	–
TMUS	Exit	T MOBILE US INC	$0	–	-1,266,500	–	-0.25%	–
SIRI	Exit	SIRIUS XM HLDGS INC	$0	–	-14,788,333	–	-0.27%	–
EBAY	Exit	EBAY INC	$0	–	-2,281,212	–	-0.28%	–
VOYA	Exit	VOYA FINL INC	$0	–	-1,523,352	–	-0.29%	–
C	Exit	CITIGROUP INC	$0	–	-1,217,447	–	-0.30%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-9,794,331	–	-0.35%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-3,027,474	–	-0.36%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-1,293,000	–	-0.36%	–
RAD	Exit	RITE AID CORP	$0	–	-12,357,751	–	-0.37%	–
ARMK	Exit	ARAMARK	$0	–	-2,535,400	–	-0.37%	–
APOL	Exit	APOLLO ED GROUP INCcl a	$0	–	-6,892,084	–	-0.38%	–
GM	Exit	GENERAL MTRS CO	$0	–	-2,551,467	–	-0.38%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-2,080,231	–	-0.39%	–
MTOR	Exit	MERITOR INC	$0	–	-7,669,883	–	-0.40%	–
LAD	Exit	LITHIA MTRS INCcl a	$0	–	-754,382	–	-0.40%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-2,132,965	–	-0.41%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-2,357,284	–	-0.42%	–
PHH	Exit	PHH CORP	$0	–	-5,963,961	–	-0.42%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-1,019,941	–	-0.46%	–
AN	Exit	AUTONATION INC	$0	–	-1,751,116	–	-0.51%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-3,303,097	–	-0.52%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-2,710,577	–	-0.55%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-964,895	–	-0.60%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-3,086,886	–	-0.66%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-2,402,857	–	-0.68%	–
MTW	Exit	MANITOWOC INC	$0	–	-9,614,197	–	-0.72%	–
GPS	Exit	GAP INC DEL	$0	–	-5,294,495	–	-0.75%	–
GPI	Exit	GROUP 1 AUTOMOTIVE INC	$0	–	-1,811,629	–	-0.76%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-4,585,170	–	-0.78%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-2,388,234	–	-0.86%	–
VER	Exit	VEREIT INC	$0	–	-22,389,782	–	-0.86%	–
JAH	Exit	JARDEN CORP	$0	–	-4,031,162	–	-0.98%	–
WRK	Exit	WESTROCK CO	$0	–	-4,390,793	–	-1.12%	–
FMC	Exit	F M C CORP	$0	–	-6,673,505	–	-1.12%	–
TER	Exit	TERADYNE INC	$0	–	-12,874,322	–	-1.15%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-4,188,779	–	-1.17%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-6,329,706	–	-1.18%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-209,470	–	-1.29%	–
HLS	Exit	HEALTHSOUTH CORP	$0	–	-6,819,080	–	-1.30%	–
PNR	Exit	PENTAIR PLC	$0	–	-5,514,080	–	-1.40%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-19,183,654	–	-1.40%	–
DOW	Exit	DOW CHEM CO	$0	–	-7,270,965	–	-1.53%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-510,294	–	-1.62%	–
MCK	Exit	MCKESSON CORP	$0	–	-1,810,249	–	-1.66%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-17,641,415	–	-2.01%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-9,433,220	–	-2.04%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,523,609	–	-2.06%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-25,242,166	–	-2.10%	–
WOOF	Exit	VCA INC	$0	–	-8,073,670	–	-2.11%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-5,513,278	–	-2.12%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-10,833,651	–	-2.14%	–
PVH	Exit	PVH CORP	$0	–	-4,360,523	–	-2.21%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-23,013,908	–	-2.36%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-6,944,273	–	-2.39%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-6,038,795	–	-2.45%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-12,093,795	–	-2.57%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-4,865,795	–	-2.62%	–
ANTM	Exit	ANTHEM INC	$0	–	-4,250,401	–	-2.95%	–
AET	Exit	AETNA INC NEW	$0	–	-5,563,508	–	-3.02%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-16,490,230	–	-3.02%	–
CI	Exit	CIGNA CORPORATION	$0	–	-4,595,790	–	-3.08%	–
FLEX	Exit	FLEXTRONICS INTL LTDord	$0	–	-75,130,959	–	-3.93%	–
ABBV	Exit	ABBVIE INC	$0	–	-16,170,903	–	-4.37%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-8,511,204	–	-5.16%	–
MON	Exit	MONSANTO CO NEW	$0	–	-13,502,678	–	-5.72%	–
HUM	Exit	HUMANA INC	$0	–	-6,635,390	–	-5.89%	–

Q3 2015

			Value		Shares		↓ Weighting
HUM	Buy	HUMANA INC	$1,187,735,000	-5.4%	6,635,390	+1.0%	5.89%	+18.5%
MON	Buy	MONSANTO CO NEW	$1,152,319,000	-2.4%	13,502,678	+21.9%	5.72%	+22.3%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$1,040,750,000	-13.4%	8,511,204	-8.1%	5.16%	+8.5%
ABBV	Sell	ABBVIE INC	$879,859,000	-26.7%	16,170,903	-9.4%	4.37%	-8.1%
CI	Buy	CIGNA CORPORATION	$620,524,000	+35.8%	4,595,790	+62.9%	3.08%	+70.1%
THC	Buy	TENET HEALTHCARE CORP	$608,819,000	-28.9%	16,490,230	+11.5%	3.02%	-10.9%
AET	Sell	AETNA INC NEW	$608,703,000	-14.3%	5,563,508	-0.1%	3.02%	+7.4%
ANTM	Sell	ANTHEM INC	$595,056,000	-21.5%	4,250,401	-8.0%	2.95%	-1.7%
LH	Buy	LABORATORY CORP AMER HLDGS	$527,793,000	+9.3%	4,865,795	+22.1%	2.62%	+37.0%
ENDP	Sell	ENDO INTL PLC	$481,099,000	-31.7%	6,944,273	-21.4%	2.39%	-14.4%
PVH	Sell	PVH CORP	$444,512,000	-26.7%	4,360,523	-17.1%	2.21%	-8.1%
CBS	Buy	CBS CORP NEWcl b	$432,263,000	-10.8%	10,833,651	+24.1%	2.14%	+11.8%
HCA	Buy	HCA HOLDINGS INC	$426,507,000	-9.2%	5,513,278	+6.5%	2.12%	+13.7%
WOOF	Sell	VCA INC	$425,079,000	-39.0%	8,073,670	-36.9%	2.11%	-23.5%
HTZ	Buy	HERTZ GLOBAL HOLDINGS INC	$422,301,000	+32.3%	25,242,166	+43.3%	2.10%	+65.8%
AGN	Sell	ALLERGAN PLC	$414,132,000	-31.2%	1,523,609	-23.2%	2.06%	-13.8%
CAR	Buy	AVIS BUDGET GROUP	$412,043,000	+11.8%	9,433,220	+12.9%	2.04%	+40.2%
BKD	Buy	BROOKDALE SR LIVING INC	$405,047,000	+0.7%	17,641,415	+52.2%	2.01%	+26.2%
MCK	Buy	MCKESSON CORP	$334,950,000	+45.3%	1,810,249	+76.5%	1.66%	+82.0%
GOOGL	Sell	GOOGLE INCcl a	$325,756,000	+13.3%	510,294	-4.2%	1.62%	+41.9%
DOW	Sell	DOW CHEM CO	$308,289,000	-19.6%	7,270,965	-3.0%	1.53%	+0.7%
AMAT	Sell	APPLIED MATLS INC	$281,808,000	-31.1%	19,183,654	-9.8%	1.40%	-13.7%
PNR	Sell	PENTAIR PLC	$281,439,000	-29.9%	5,514,080	-5.6%	1.40%	-12.1%
HLS	Buy	HEALTHSOUTH CORP	$261,648,000	+26.6%	6,819,080	+51.9%	1.30%	+58.5%
PCLN	Sell	PRICELINE GRP INC	$259,085,000	-15.5%	209,470	-21.4%	1.29%	+5.8%
RLGY	Sell	REALOGY HLDGS CORP	$238,187,000	-23.7%	6,329,706	-5.2%	1.18%	-4.4%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDadr	$236,498,000	+40.7%	4,188,779	+47.3%	1.17%	+76.3%
TER	Sell	TERADYNE INC	$231,867,000	-9.4%	12,874,322	-3.0%	1.15%	+13.5%
FMC	Buy	F M C CORP	$226,299,000	-10.5%	6,673,505	+38.7%	1.12%	+12.2%
WRK	New	WESTROCK CO	$225,862,000	–	4,390,793	–	1.12%	–
JAH	Sell	JARDEN CORP	$197,043,000	-5.7%	4,031,162	-0.2%	0.98%	+18.1%
DG	Sell	DOLLAR GEN CORP NEW	$173,004,000	-43.3%	2,388,234	-39.2%	0.86%	-29.0%
VER	New	VEREIT INC	$172,849,000	–	22,389,782	–	0.86%	–
A	New	AGILENT TECHNOLOGIES INC	$157,409,000	–	4,585,170	–	0.78%	–
GPI	Sell	GROUP 1 AUTOMOTIVE INC	$154,260,000	-6.8%	1,811,629	-0.5%	0.76%	+16.8%
GPS	Sell	GAP INC DEL	$150,893,000	-34.1%	5,294,495	-11.7%	0.75%	-17.3%
CMCSA	Sell	COMCAST CORP NEWcl a	$136,675,000	-43.8%	2,402,857	-40.6%	0.68%	-29.6%
LBTYA	Sell	LIBERTY GLOBAL PLC	$132,551,000	-26.5%	3,086,886	-7.5%	0.66%	-8.0%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$120,429,000	-12.8%	964,895	-0.7%	0.60%	+9.3%
TRP	Sell	TRANSCANADA CORP	$104,610,000	-43.0%	3,303,097	-26.8%	0.52%	-28.5%
AN	Sell	AUTONATION INC	$101,880,000	-20.3%	1,751,116	-13.7%	0.51%	0.0%
KSU	Sell	KANSAS CITY SOUTHERN	$92,692,000	-15.9%	1,019,941	-15.6%	0.46%	+5.5%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$83,613,000	-71.5%	2,357,284	-70.3%	0.42%	-64.3%
BK	Sell	BANK NEW YORK MELLON CORP	$83,506,000	-43.2%	2,132,965	-39.1%	0.41%	-29.0%
LAD	Sell	LITHIA MTRS INCcl a	$81,556,000	-18.1%	754,382	-14.3%	0.40%	+2.8%
MTOR	Buy	MERITOR INC	$81,531,000	-17.3%	7,669,883	+2.0%	0.40%	+3.6%
NOV	Buy	NATIONAL OILWELL VARCO INC	$78,321,000	-21.3%	2,080,231	+0.9%	0.39%	-1.3%
GM	Sell	GENERAL MTRS CO	$76,595,000	-54.8%	2,551,467	-49.8%	0.38%	-43.5%
APOL	Sell	APOLLO ED GROUP INCcl a	$76,226,000	-21.9%	6,892,084	-9.1%	0.38%	-2.3%
ARMK	Buy	ARAMARK	$75,149,000	+47.3%	2,535,400	+53.9%	0.37%	+84.7%
RAD	Sell	RITE AID CORP	$75,012,000	-28.4%	12,357,751	-1.5%	0.37%	-10.4%
AIG	Sell	AMERICAN INTL GROUP INC	$73,468,000	-46.6%	1,293,000	-41.8%	0.36%	-32.9%
CFG	Buy	CITIZENS FINL GROUP INC	$72,236,000	+127.4%	3,027,474	+160.2%	0.36%	+184.1%
SUNEQ	Sell	SUNEDISON INC	$70,323,000	-79.4%	9,794,331	-14.1%	0.35%	-74.2%
C	Sell	CITIGROUP INC	$60,398,000	-79.6%	1,217,447	-77.3%	0.30%	-74.4%
VOYA	Sell	VOYA FINL INC	$59,060,000	-54.3%	1,523,352	-45.2%	0.29%	-42.7%
EBAY	Sell	EBAY INC	$55,753,000	-72.3%	2,281,212	-31.8%	0.28%	-65.3%
SIRI	New	SIRIUS XM HLDGS INC	$55,308,000	–	14,788,333	–	0.27%	–
TMUS	Sell	T MOBILE US INC	$50,419,000	-79.9%	1,266,500	-80.4%	0.25%	-74.9%
ABG	Sell	ASBURY AUTOMOTIVE GROUP INC	$49,047,000	-46.1%	604,401	-39.8%	0.24%	-32.5%
MYL	Sell	MYLAN N V	$37,603,000	-69.5%	934,006	-48.6%	0.19%	-61.7%
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$35,540,000	–	202,104	–	0.18%	–
CP	New	CANADIAN PAC RY LTD	$35,340,000	–	245,629	–	0.18%	–
MHK	Sell	MOHAWK INDS INC	$33,482,000	-52.8%	184,177	-50.4%	0.17%	-40.9%
AAPL	New	APPLE INC	$33,286,000	–	301,778	–	0.16%	–
KND	New	KINDRED HEALTHCARE INC	$26,974,000	–	1,712,613	–	0.13%	–
GLBL	New	TERRAFORM GLOBAL INCcl a	$23,368,000	–	3,508,770	–	0.12%	–
LNG	Sell	CHENIERE ENERGY INC	$22,793,000	-64.3%	471,908	-48.8%	0.11%	-55.3%
STNG	Sell	SCORPIO TANKERS INC	$14,327,000	-37.0%	1,562,421	-30.6%	0.07%	-21.1%
FNFV	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-923,743	–	-0.06%	–
BKFS	Exit	BLACK KNIGHT FINL SVCS INCcl a	$0	–	-510,000	–	-0.06%	–
S	Exit	SPRINT CORP	$0	–	-5,495,435	–	-0.10%	–
CRI	Exit	CARTER INC	$0	–	-344,918	–	-0.14%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-885,071	–	-0.24%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INCcl a	$0	–	-2,436,167	–	-0.27%	–
IMS	Exit	IMS HEALTH HLDGS INC	$0	–	-2,500,000	–	-0.30%	–
PSX	Exit	PHILLIPS 66	$0	–	-1,830,295	–	-0.58%	–
T104PS	Exit	AMERICAN RLTY CAP PPTYS INC	$0	–	-18,626,638	–	-0.60%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-1,880,329	–	-0.64%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,900,900	–	-1.09%	–
9207PS	Exit	ROCK-TENN COcl a	$0	–	-4,923,208	–	-1.17%	–

Q2 2015

			Value		Shares		↓ Weighting
HUM	New	HUMANA INC	$1,256,129,000	–	6,566,967	–	4.98%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,201,540,000	–	9,259,710	–	4.76%	–
ABBV	New	ABBVIE INC	$1,199,741,000	–	17,855,941	–	4.75%	–
MON	New	MONSANTO CO NEW	$1,180,286,000	–	11,073,137	–	4.67%	–
THC	New	TENET HEALTHCARE CORP	$856,179,000	–	14,792,313	–	3.39%	–
FLEX	New	FLEXTRONICS INTL LTDord	$849,731,000	–	75,130,959	–	3.36%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$761,546,000	–	12,093,795	–	3.02%	–
ANTM	New	ANTHEM INC	$758,272,000	–	4,619,666	–	3.00%	–
AET	New	AETNA INC NEW	$710,132,000	–	5,571,408	–	2.81%	–
ENDP	New	ENDO INTL PLC	$703,923,000	–	8,837,703	–	2.79%	–
WOOF	New	VCA INC	$696,404,000	–	12,800,370	–	2.76%	–
PVH	New	PVH CORP	$606,053,000	–	5,260,874	–	2.40%	–
AGN	New	ALLERGAN PLC	$601,673,000	–	1,982,709	–	2.38%	–
MAN	New	MANPOWERGROUP INC	$539,747,000	–	6,038,795	–	2.14%	–
CBS	New	CBS CORP NEWcl b	$484,610,000	–	8,731,715	–	1.92%	–
LH	New	LABORATORY CORP AMER HLDGS	$482,891,000	–	3,983,595	–	1.91%	–
HCA	New	HCA HOLDINGS INC	$469,801,000	–	5,178,578	–	1.86%	–
CI	New	CIGNA CORPORATION	$457,078,000	–	2,821,469	–	1.81%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$452,453,000	–	23,013,908	–	1.79%	–
AMAT	New	APPLIED MATLS INC	$408,907,000	–	21,275,054	–	1.62%	–
BKD	New	BROOKDALE SR LIVING INC	$402,223,000	–	11,591,430	–	1.59%	–
PNR	New	PENTAIR PLC	$401,512,000	–	5,840,180	–	1.59%	–
DOW	New	DOW CHEM CO	$383,435,000	–	7,493,353	–	1.52%	–
CAR	New	AVIS BUDGET GROUP	$368,397,000	–	8,357,469	–	1.46%	–
SUNEQ	New	SUNEDISON INC	$341,072,000	–	11,403,277	–	1.35%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$319,146,000	–	17,612,889	–	1.26%	–
RLGY	New	REALOGY HLDGS CORP	$312,076,000	–	6,679,706	–	1.24%	–
PCLN	New	PRICELINE GRP INC	$306,701,000	–	266,379	–	1.22%	–
DG	New	DOLLAR GEN CORP NEW	$305,332,000	–	3,927,607	–	1.21%	–
9207PS	New	ROCK-TENN COcl a	$296,377,000	–	4,923,208	–	1.17%	–
C	New	CITIGROUP INC	$296,379,000	–	5,365,300	–	1.17%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$293,137,000	–	7,924,750	–	1.16%	–
GOOGL	New	GOOGLE INCcl a	$287,608,000	–	532,568	–	1.14%	–
MCD	New	MCDONALDS CORP	$275,789,000	–	2,900,900	–	1.09%	–
TER	New	TERADYNE INC	$256,023,000	–	13,272,322	–	1.01%	–
FMC	New	F M C CORP	$252,785,000	–	4,810,367	–	1.00%	–
TMUS	New	T MOBILE US INC	$251,121,000	–	6,477,186	–	1.00%	–
CMCSA	New	COMCAST CORP NEWcl a	$243,087,000	–	4,042,015	–	0.96%	–
MCK	New	MCKESSON CORP	$230,599,000	–	1,025,749	–	0.91%	–
GPS	New	GAP INC DEL	$228,810,000	–	5,994,495	–	0.91%	–
JAH	New	JARDEN CORP	$209,057,000	–	4,039,757	–	0.83%	–
HLS	New	HEALTHSOUTH CORP	$206,713,000	–	4,487,905	–	0.82%	–
EBAY	New	EBAY INC	$201,387,000	–	3,343,074	–	0.80%	–
MTW	New	MANITOWOC INC	$188,438,000	–	9,614,197	–	0.75%	–
TRP	New	TRANSCANADA CORP	$183,371,000	–	4,513,954	–	0.73%	–
LBTYA	New	LIBERTY GLOBAL PLC	$180,425,000	–	3,336,886	–	0.72%	–
GM	New	GENERAL MTRS CO	$169,565,000	–	5,087,467	–	0.67%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$168,104,000	–	2,844,400	–	0.67%	–
GPI	New	GROUP 1 AUTOMOTIVE INC	$165,437,000	–	1,821,389	–	0.66%	–
DHR	New	DANAHER CORP DEL	$160,937,000	–	1,880,329	–	0.64%	–
PHH	New	PHH CORP	$155,242,000	–	5,963,961	–	0.62%	–
T104PS	New	AMERICAN RLTY CAP PPTYS INC	$151,435,000	–	18,626,638	–	0.60%	–
PSX	New	PHILLIPS 66	$147,449,000	–	1,830,295	–	0.58%	–
BK	New	BANK NEW YORK MELLON CORP	$147,107,000	–	3,505,051	–	0.58%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$138,091,000	–	971,787	–	0.55%	–
LBTYK	New	LIBERTY GLOBAL PLC	$137,237,000	–	2,710,577	–	0.54%	–
AIG	New	AMERICAN INTL GROUP INC	$137,457,000	–	2,223,500	–	0.54%	–
VOYA	New	VOYA FINL INC	$129,132,000	–	2,778,835	–	0.51%	–
AN	New	AUTONATION INC	$127,785,000	–	2,028,976	–	0.51%	–
MYL	New	MYLAN N V	$123,225,000	–	1,815,874	–	0.49%	–
KSU	New	KANSAS CITY SOUTHERN	$110,163,000	–	1,207,923	–	0.44%	–
RAD	New	RITE AID CORP	$104,782,000	–	12,548,751	–	0.42%	–
NOV	New	NATIONAL OILWELL VARCO INC	$99,560,000	–	2,062,131	–	0.39%	–
LAD	New	LITHIA MTRS INCcl a	$99,564,000	–	879,848	–	0.39%	–
MTOR	New	MERITOR INC	$98,620,000	–	7,516,803	–	0.39%	–
APOL	New	APOLLO ED GROUP INCcl a	$97,642,000	–	7,580,932	–	0.39%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC	$91,015,000	–	1,004,358	–	0.36%	–
IMS	New	IMS HEALTH HLDGS INC	$76,625,000	–	2,500,000	–	0.30%	–
MHK	New	MOHAWK INDS INC	$70,877,000	–	371,277	–	0.28%	–
SBGI	New	SINCLAIR BROADCAST GROUP INCcl a	$67,993,000	–	2,436,167	–	0.27%	–
LNG	New	CHENIERE ENERGY INC	$63,812,000	–	921,333	–	0.25%	–
FOSL	New	FOSSIL GROUP INC	$61,389,000	–	885,071	–	0.24%	–
ARMK	New	ARAMARK	$51,020,000	–	1,647,400	–	0.20%	–
TERP	New	TERRAFORM PWR INC	$48,278,000	–	1,271,149	–	0.19%	–
CRI	New	CARTER INC	$36,665,000	–	344,918	–	0.14%	–
CFG	New	CITIZENS FINL GROUP INC	$31,773,000	–	1,163,410	–	0.13%	–
S	New	SPRINT CORP	$25,059,000	–	5,495,435	–	0.10%	–
STNG	New	SCORPIO TANKERS INC	$22,731,000	–	2,252,800	–	0.09%	–
BKFS	New	BLACK KNIGHT FINL SVCS INCcl a	$15,744,000	–	510,000	–	0.06%	–
FNFV	New	FIDELITY NATIONAL FINANCIAL	$14,207,000	–	923,743	–	0.06%	–
CWSA	New	CITIGROUP INC*w exp 01/04/201	$6,335,000	–	8,561,020	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
JCPNQ	Exit	PENNEY J C INC	$0	–	-196,495	–	-0.01%	–
CWSA	Exit	CITIGROUP INC*w exp 01/04/201	$0	–	-8,561,020	–	-0.04%	–
OWW	Exit	ORBITZ WORLDWIDE INC	$0	–	-2,000,000	–	-0.08%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-2,252,800	–	-0.10%	–
SYT	Exit	SYNGENTA AGsponsored adr	$0	–	-451,358	–	-0.15%	–
S	Exit	SPRINT CORP	$0	–	-6,646,917	–	-0.22%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-406,960	–	-0.22%	–
SAH	Exit	SONIC AUTOMOTIVE INCcl a	$0	–	-1,736,952	–	-0.22%	–
AN	Exit	AUTONATION INC	$0	–	-1,111,076	–	-0.29%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-787,168	–	-0.30%	–
FNFV	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-4,547,112	–	-0.33%	–
PHH	Exit	PHH CORP	$0	–	-2,859,351	–	-0.33%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INCcl a	$0	–	-2,633,567	–	-0.36%	–
MTOR	Exit	MERITOR INC	$0	–	-6,516,803	–	-0.37%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-1,270,735	–	-0.37%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-2,607,728	–	-0.38%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-564,321	–	-0.38%	–
LPNT	Exit	LIFEPOINT HOSPITALS INC	$0	–	-1,185,677	–	-0.43%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-3,697,600	–	-0.45%	–
LAD	Exit	LITHIA MTRS INCcl a	$0	–	-1,164,484	–	-0.46%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC	$0	–	-1,454,401	–	-0.49%	–
CDW	Exit	CDW CORP	$0	–	-3,793,500	–	-0.62%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-906,000	–	-0.64%	–
PSX	Exit	PHILLIPS 66	$0	–	-1,513,081	–	-0.64%	–
DOW	Exit	DOW CHEM CO	$0	–	-2,417,900	–	-0.66%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-9,856,504	–	-0.67%	–
GPI	Exit	GROUP 1 AUTOMOTIVE INC	$0	–	-1,821,389	–	-0.69%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-1,603,973	–	-0.69%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-2,680,754	–	-0.72%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-3,695,577	–	-0.79%	–
TER	Exit	TERADYNE INC	$0	–	-7,957,822	–	-0.81%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-8,259,877	–	-0.82%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-2,291,905	–	-0.84%	–
C	Exit	CITIGROUP INC	$0	–	-3,315,641	–	-0.90%	–
GM	Exit	GENERAL MTRS CO	$0	–	-5,450,867	–	-0.91%	–
FDO	Exit	FAMILY DLR STORES INC	$0	–	-2,292,806	–	-0.93%	–
VOYA	Exit	VOYA FINL INC	$0	–	-4,557,825	–	-0.93%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-4,211,474	–	-0.94%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-5,387,267	–	-0.97%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,226,626	–	-1.06%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-6,348,730	–	-1.07%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-3,944,147	–	-1.13%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-10,047,556	–	-1.14%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-5,882,013	–	-1.14%	–
CRI	Exit	CARTER INC	$0	–	-2,933,039	–	-1.19%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-4,254,448	–	-1.19%	–
CSC	Exit	COMPUTER SCIENCES CORP	$0	–	-3,736,929	–	-1.20%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-7,948,538	–	-1.20%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-14,402,108	–	-1.30%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-9,442,263	–	-1.37%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-1,836,090	–	-1.38%	–
EBAY	Exit	EBAY INC	$0	–	-4,919,927	–	-1.46%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-5,524,198	–	-1.56%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-3,255,738	–	-1.60%	–
WOOF	Exit	VCA INC	$0	–	-8,686,170	–	-1.79%	–
AET	Exit	AETNA INC NEW	$0	–	-4,400,035	–	-1.86%	–
MCK	Exit	MCKESSON CORP	$0	–	-1,866,966	–	-1.90%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-4,855,731	–	-1.93%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-5,000,000	–	-1.99%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-5,658,326	–	-2.02%	–
B108PS	Exit	ACTAVIS PLC	$0	–	-1,717,858	–	-2.17%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-7,211,315	–	-2.30%	–
PNR	Exit	PENTAIR PLC	$0	–	-7,038,836	–	-2.41%	–
V107SC	Exit	WELLPOINT INC	$0	–	-4,036,445	–	-2.52%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-19,485,934	–	-2.59%	–
PVH	Exit	PVH CORP	$0	–	-4,107,352	–	-2.60%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-8,076,490	–	-3.40%	–
HUM	Exit	HUMANA INC	$0	–	-5,016,536	–	-3.42%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-12,093,795	–	-3.46%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-9,610,559	–	-3.54%	–
FLEX	Exit	FLEXTRONICS INTL LTDord	$0	–	-70,130,959	–	-3.78%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-13,812,831	–	-4.29%	–
MON	Exit	MONSANTO CO NEW	$0	–	-9,618,448	–	-5.66%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-11,375,667	–	-7.24%	–

Q3 2014

			Value		Shares		↓ Weighting
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$1,384,419,000	+7.2%	11,375,667	+4.0%	7.24%	-3.2%
MON	Buy	MONSANTO CO NEW	$1,082,172,000	+3.2%	9,618,448	+14.4%	5.66%	-6.9%
HCA	Sell	HCA HOLDINGS INC	$677,737,000	+1.3%	9,610,559	-19.0%	3.54%	-8.5%
HUM	Buy	HUMANA INC	$653,604,000	+2.0%	5,016,536	+0.0%	3.42%	-7.9%
CCI	Sell	CROWN CASTLE INTL CORP	$650,400,000	+6.3%	8,076,490	-2.0%	3.40%	-4.1%
PVH	Buy	PVH CORP	$497,606,000	+20.4%	4,107,352	+15.9%	2.60%	+8.7%
HTZ	Sell	HERTZ GLOBAL HOLDINGS INC	$494,748,000	-10.6%	19,485,934	-1.3%	2.59%	-19.3%
V107SC	Sell	WELLPOINT INC	$482,840,000	-0.6%	4,036,445	-10.6%	2.52%	-10.3%
PNR	Buy	PENTAIR PLC	$460,973,000	+459.7%	7,038,836	+516.3%	2.41%	+405.2%
DG	Sell	DOLLAR GEN CORP NEW	$440,683,000	-6.5%	7,211,315	-12.2%	2.30%	-15.6%
B108PS	New	ACTAVIS PLC	$414,485,000	–	1,717,858	–	2.17%	–
ENDP	Buy	ENDO INTL PLC	$386,690,000	+40.5%	5,658,326	+44.0%	2.02%	+26.9%
DHR	New	DANAHER CORP DEL	$379,900,000	–	5,000,000	–	1.99%	–
NOV	Sell	NATIONAL OILWELL VARCO INC	$369,521,000	-15.2%	4,855,731	-8.3%	1.93%	-23.5%
MCK	Sell	MCKESSON CORP	$363,442,000	-31.2%	1,866,966	-34.2%	1.90%	-37.9%
AET	Buy	AETNA INC NEW	$356,403,000	+26.4%	4,400,035	+26.5%	1.86%	+14.0%
WOOF	Sell	VCA INC	$341,627,000	+10.7%	8,686,170	-1.2%	1.79%	-0.1%
FOSL	Buy	FOSSIL GROUP INC	$305,714,000	+9.4%	3,255,738	+21.8%	1.60%	-1.3%
AIG	Sell	AMERICAN INTL GROUP INC	$298,417,000	-44.5%	5,524,198	-43.9%	1.56%	-49.9%
TWC	Sell	TIME WARNER CABLE INC	$263,461,000	-33.2%	1,836,090	-31.5%	1.38%	-39.8%
FNF	New	FIDELITY NATIONAL FINANCIAL	$261,928,000	–	9,442,263	–	1.37%	–
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$247,860,000	+18.9%	14,402,108	+20.8%	1.30%	+7.3%
TMUS	Sell	T-MOBILE US INC	$229,474,000	-19.2%	7,948,538	-5.9%	1.20%	-27.1%
CSC	Buy	COMPUTER SCIENCES CORP	$228,513,000	+0.6%	3,736,929	+3.9%	1.20%	-9.2%
CBS	Sell	CBS CORP NEWcl b	$227,613,000	-31.2%	4,254,448	-20.1%	1.19%	-37.9%
CRI	Buy	CARTER INC	$227,369,000	+23.4%	2,933,039	+9.7%	1.19%	+11.4%
RLGY	New	REALOGY HLDGS CORP	$218,811,000	–	5,882,013	–	1.14%	–
AMAT	Sell	APPLIED MATLS INC	$217,128,000	-36.6%	10,047,556	-33.9%	1.14%	-42.8%
CAR	Sell	AVIS BUDGET GROUP	$216,494,000	-8.5%	3,944,147	-0.5%	1.13%	-17.4%
BKD	Buy	BROOKDALE SR LIVING INC	$204,556,000	+53.4%	6,348,730	+58.7%	1.07%	+38.5%
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$184,729,000	–	5,387,267	–	0.97%	–
LBTYA	Buy	LIBERTY GLOBAL PLC	$179,156,000	+173.9%	4,211,474	+184.7%	0.94%	+147.2%
VOYA	New	VOYA FINL INC	$178,211,000	–	4,557,825	–	0.93%	–
FDO	Sell	FAMILY DLR STORES INC	$177,096,000	-11.4%	2,292,806	-24.1%	0.93%	-20.0%
C	Sell	CITIGROUP INC	$171,817,000	-20.4%	3,315,641	-27.7%	0.90%	-28.2%
SUNEQ	Buy	SUNEDISON INC	$155,946,000	+24.4%	8,259,877	+48.9%	0.82%	+12.3%
TER	Buy	TERADYNE INC	$154,302,000	+151.8%	7,957,822	+154.5%	0.81%	+127.3%
LBTYK	Buy	LIBERTY GLOBAL PLC	$151,574,000	+198.6%	3,695,577	+208.1%	0.79%	+169.4%
TRP	New	TRANSCANADA CORP	$138,120,000	–	2,680,754	–	0.72%	–
CNC	New	CENTENE CORP DEL	$132,665,000	–	1,603,973	–	0.69%	–
GPI	Buy	GROUP 1 AUTOMOTIVE INC	$132,433,000	+110.6%	1,821,389	+144.2%	0.69%	+90.1%
CX	Buy	CEMEX SAB DE CVspon adr new	$128,529,000	+72.9%	9,856,504	+75.4%	0.67%	+55.9%
DOW	New	DOW CHEM CO	$126,795,000	–	2,417,900	–	0.66%	–
PSX	Sell	PHILLIPS 66	$123,029,000	-37.1%	1,513,081	-37.8%	0.64%	-43.2%
MHK	New	MOHAWK INDS INC	$122,147,000	–	906,000	–	0.64%	–
CDW	Buy	CDW CORP	$117,788,000	+24.5%	3,793,500	+27.9%	0.62%	+12.4%
ABG	Buy	ASBURY AUTOMOTIVE GROUP INC	$93,693,000	+48.0%	1,454,401	+57.9%	0.49%	+33.5%
LAD	Buy	LITHIA MTRS INCcl a	$88,140,000	+10.4%	1,164,484	+37.1%	0.46%	-0.4%
CFG	New	CITIZENS FINL GROUP INC	$86,598,000	–	3,697,600	–	0.45%	–
LPNT	Sell	LIFEPOINT HOSPITALS INC	$82,037,000	-10.0%	1,185,677	-19.3%	0.43%	-18.8%
AAP	Sell	ADVANCE AUTO PARTS INC	$73,531,000	-44.1%	564,321	-42.1%	0.38%	-49.6%
F102PS	Sell	BABCOCK & WILCOX CO NEW	$72,208,000	-37.2%	2,607,728	-26.4%	0.38%	-43.2%
DLTR	New	DOLLAR TREE INC	$71,250,000	–	1,270,735	–	0.37%	–
MTOR	Sell	MERITOR INC	$70,707,000	-36.3%	6,516,803	-23.5%	0.37%	-42.5%
SBGI	Buy	SINCLAIR BROADCAST GROUP INCcl a	$68,710,000	+1.8%	2,633,567	+35.6%	0.36%	-8.2%
FNFV	New	FIDELITY NATIONAL FINANCIAL	$62,568,000	–	4,547,112	–	0.33%	–
DD	New	DU PONT E I DE NEMOURS & CO	$56,487,000	–	787,168	–	0.30%	–
AN	Buy	AUTONATION INC	$55,898,000	+50.9%	1,111,076	+79.0%	0.29%	+35.8%
UHS	Buy	UNIVERSAL HLTH SVCS INCcl b	$42,527,000	+255.6%	406,960	+225.8%	0.22%	+221.7%
S	Sell	SPRINT CORP	$42,141,000	-59.5%	6,646,917	-45.5%	0.22%	-63.5%
OWW	New	ORBITZ WORLDWIDE INC	$15,740,000	–	2,000,000	–	0.08%	–
JCPNQ	Sell	PENNEY J C INC	$1,973,000	-96.0%	196,495	-96.4%	0.01%	-96.5%
CP	Exit	CANADIAN PAC RY LTD	$0	–	-130,363	–	-0.14%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-612,288	–	-0.19%	–
WAG	Exit	WALGREEN COcall	$0	–	-500,000	–	-0.22%	–
MCK	Exit	MCKESSON CORPcall	$0	–	-250,000	–	-0.27%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-1,078,743	–	-0.41%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-2,129,297	–	-0.43%	–
CFN	Exit	CAREFUSION CORP	$0	–	-1,909,705	–	-0.49%	–
SEAS	Exit	SEAWORLD ENTMT INC	$0	–	-3,379,777	–	-0.56%	–
AON	Exit	AON PLC	$0	–	-1,160,347	–	-0.60%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALcl a	$0	–	-6,135,663	–	-1.16%	–
WAG	Exit	WALGREEN CO	$0	–	-3,577,926	–	-1.54%	–

Q2 2014

			Value		Shares		↓ Weighting
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,291,179,000	–	10,942,193	–	7.48%	–
MON	New	MONSANTO CO NEW	$1,048,822,000	–	8,408,065	–	6.08%	–
FLEX	New	FLEXTRONICS INTL LTDord	$776,350,000	–	70,130,959	–	4.50%	–
HCA	New	HCA HOLDINGS INC	$668,816,000	–	11,862,642	–	3.87%	–
THC	New	TENET HEALTHCARE CORP	$648,374,000	–	13,812,831	–	3.76%	–
HUM	New	HUMANA INC	$640,666,000	–	5,016,176	–	3.71%	–
CCI	New	CROWN CASTLE INTL CORP	$611,813,000	–	8,238,790	–	3.54%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$553,198,000	–	19,735,934	–	3.20%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$548,695,000	–	12,093,795	–	3.18%	–
AIG	New	AMERICAN INTL GROUP INC	$537,788,000	–	9,853,198	–	3.12%	–
MCK	New	MCKESSON CORP	$528,402,000	–	2,837,666	–	3.06%	–
V107SC	New	WELLPOINT INC	$485,945,000	–	4,515,800	–	2.82%	–
DG	New	DOLLAR GEN CORP NEW	$471,288,000	–	8,216,315	–	2.73%	–
NOV	New	NATIONAL OILWELL VARCO INC	$435,848,000	–	5,292,631	–	2.52%	–
PVH	New	PVH CORP	$413,138,000	–	3,543,208	–	2.39%	–
TWC	New	TIME WARNER CABLE INC	$394,670,000	–	2,679,360	–	2.29%	–
AMAT	New	APPLIED MATLS INC	$342,681,000	–	15,196,480	–	1.98%	–
CBS	New	CBS CORP NEWcl b	$330,947,000	–	5,325,826	–	1.92%	–
WOOF	New	VCA INC	$308,482,000	–	8,791,170	–	1.79%	–
TMUS	New	T-MOBILE US INC	$284,040,000	–	8,448,538	–	1.64%	–
AET	New	AETNA INC NEW	$282,064,000	–	3,478,835	–	1.63%	–
FOSL	New	FOSSIL GROUP INC	$279,449,000	–	2,673,638	–	1.62%	–
ENDP	New	ENDO INTL PLC	$275,212,000	–	3,930,472	–	1.59%	–
WAG	New	WALGREEN CO	$265,232,000	–	3,577,926	–	1.54%	–
EBAY	New	EBAY INC	$246,292,000	–	4,919,927	–	1.43%	–
CAR	New	AVIS BUDGET GROUP	$236,590,000	–	3,963,647	–	1.37%	–
CSC	New	COMPUTER SCIENCES CORP	$227,261,000	–	3,595,901	–	1.32%	–
C	New	CITIGROUP INC	$215,971,000	–	4,585,368	–	1.25%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$208,508,000	–	11,921,572	–	1.21%	–
CI	New	CIGNA CORPORATION	$204,783,000	–	2,226,626	–	1.19%	–
FNF	New	FIDELITY NATIONAL FINANCIALcl a	$201,004,000	–	6,135,663	–	1.16%	–
FDO	New	FAMILY DLR STORES INC	$199,818,000	–	3,021,143	–	1.16%	–
GM	New	GENERAL MTRS CO	$197,866,000	–	5,450,867	–	1.15%	–
PSX	New	PHILLIPS 66	$195,644,000	–	2,432,481	–	1.13%	–
CRI	New	CARTER INC	$184,292,000	–	2,673,608	–	1.07%	–
GPN	New	GLOBAL PMTS INC	$166,965,000	–	2,291,905	–	0.97%	–
BKD	New	BROOKDALE SR LIVING INC	$133,351,000	–	3,999,730	–	0.77%	–
AAP	New	ADVANCE AUTO PARTS INC	$131,609,000	–	975,460	–	0.76%	–
SUNEQ	New	SUNEDISON INC	$125,335,000	–	5,545,800	–	0.73%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$114,932,000	–	3,540,728	–	0.67%	–
MTOR	New	MERITOR INC	$111,059,000	–	8,516,803	–	0.64%	–
AON	New	AON PLC	$104,536,000	–	1,160,347	–	0.60%	–
S	New	SPRINT CORP	$104,097,000	–	12,203,617	–	0.60%	–
SEAS	New	SEAWORLD ENTMT INC	$95,749,000	–	3,379,777	–	0.56%	–
CDW	New	CDW CORP	$94,588,000	–	2,967,000	–	0.55%	–
LPNT	New	LIFEPOINT HOSPITALS INC	$91,189,000	–	1,468,429	–	0.53%	–
CFN	New	CAREFUSION CORP	$84,695,000	–	1,909,705	–	0.49%	–
PNR	New	PENTAIR PLC	$82,367,000	–	1,142,082	–	0.48%	–
LAD	New	LITHIA MTRS INCcl a	$79,872,000	–	849,073	–	0.46%	–
ADT	New	THE ADT CORPORATION	$74,398,000	–	2,129,297	–	0.43%	–
CX	New	CEMEX SAB DE CVspon adr new	$74,349,000	–	5,619,704	–	0.43%	–
NXPI	New	NXP SEMICONDUCTORS N V	$71,391,000	–	1,078,743	–	0.41%	–
SBGI	New	SINCLAIR BROADCAST GROUP INCcl a	$67,495,000	–	1,942,300	–	0.39%	–
PHH	New	PHH CORP	$65,708,000	–	2,859,351	–	0.38%	–
LBTYA	New	LIBERTY GLOBAL PLC	$65,416,000	–	1,479,329	–	0.38%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC	$63,304,000	–	920,923	–	0.37%	–
GPI	New	GROUP 1 AUTOMOTIVE INC	$62,890,000	–	745,938	–	0.36%	–
TER	New	TERADYNE INC	$61,287,000	–	3,126,880	–	0.36%	–
LBTYK	New	LIBERTY GLOBAL PLC	$50,755,000	–	1,199,596	–	0.29%	–
JCPNQ	New	PENNEY J C INC	$49,214,000	–	5,438,051	–	0.28%	–
MCK	New	MCKESSON CORPcall	$46,553,000	–	250,000	–	0.27%	–
SAH	New	SONIC AUTOMOTIVE INCcl a	$46,342,000	–	1,736,952	–	0.27%	–
WAG	New	WALGREEN COcall	$37,065,000	–	500,000	–	0.22%	–
AN	New	AUTONATION INC	$37,042,000	–	620,676	–	0.22%	–
SYT	New	SYNGENTA AGsponsored adr	$33,762,000	–	451,358	–	0.20%	–
FIS	New	FIDELITY NATL INFORMATION SV	$33,517,000	–	612,288	–	0.19%	–
CP	New	CANADIAN PAC RY LTD	$23,614,000	–	130,363	–	0.14%	–
STNG	New	SCORPIO TANKERS INC	$22,911,000	–	2,252,800	–	0.13%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$11,960,000	–	124,896	–	0.07%	–
CWSA	New	CITIGROUP INC*w exp 01/04/201	$5,221,000	–	8,561,020	–	0.03%	–

Q4 2013

			Value		Shares		↓ Weighting
UPIP	Exit	UNWIRED PLANET INC NEW	$0	–	-1,616,802	–	-0.02%	–
CWSA	Exit	CITIGROUP INC*w exp 01/04/201	$0	–	-8,561,020	–	-0.05%	–
NRG	Exit	NRG ENERGY INC	$0	–	-524,839	–	-0.12%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-2,252,800	–	-0.18%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-1,623,522	–	-0.23%	–
CIM	Exit	CHIMERA INVT CORP	$0	–	-10,974,343	–	-0.28%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-677,129	–	-0.31%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-654,864	–	-0.32%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-1,639,600	–	-0.33%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-938,700	–	-0.34%	–
EVTC	Exit	EVERTEC INC	$0	–	-2,110,863	–	-0.40%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-426,599	–	-0.42%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-611,600	–	-0.47%	–
LAMR	Exit	LAMAR ADVERTISING COcl a	$0	–	-1,243,831	–	-0.49%	–
CRI	Exit	CARTER INC	$0	–	-807,225	–	-0.52%	–
BIG	Exit	BIG LOTS INC	$0	–	-1,669,136	–	-0.52%	–
MON	Exit	MONSANTO CO NEW	$0	–	-645,400	–	-0.57%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALcl a	$0	–	-2,648,000	–	-0.59%	–
MTOR	Exit	MERITOR INC	$0	–	-9,034,914	–	-0.60%	–
FDO	Exit	FAMILY DLR STORES INCcall	$0	–	-1,000,000	–	-0.61%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-1,497,080	–	-0.64%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-4,273,712	–	-0.65%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-2,024,452	–	-0.69%	–
FDO	Exit	FAMILY DLR STORES INC	$0	–	-1,161,269	–	-0.70%	–
CPN	Exit	CALPINE CORP	$0	–	-4,426,959	–	-0.72%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-1,425,876	–	-0.73%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-3,410,306	–	-0.75%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-748,239	–	-0.78%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-1,353,780	–	-0.78%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-2,518,420	–	-0.79%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-12,370,487	–	-0.92%	–
HSP	Exit	HOSPIRA INC	$0	–	-3,152,089	–	-1.04%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-2,216,812	–	-1.06%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-1,782,711	–	-1.11%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,432,481	–	-1.18%	–
C	Exit	CITIGROUP INC	$0	–	-3,143,995	–	-1.28%	–
AAPL	Exit	APPLE INC	$0	–	-335,990	–	-1.35%	–
AON	Exit	AON PLC	$0	–	-2,234,157	–	-1.40%	–
LPNT	Exit	LIFEPOINT HOSPITALS INC	$0	–	-3,620,345	–	-1.42%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-5,527,708	–	-1.57%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-7,676,113	–	-1.65%	–
GM	Exit	GENERAL MTRS CO	$0	–	-5,792,667	–	-1.76%	–
PVH	Exit	PVH CORP	$0	–	-1,763,201	–	-1.76%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,779,610	–	-1.80%	–
6107SC	Exit	URS CORP NEW	$0	–	-4,171,911	–	-1.89%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-2,717,938	–	-1.89%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-4,449,502	–	-2.07%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-5,311,311	–	-2.08%	–
PNR	Exit	PENTAIR LTD	$0	–	-3,983,150	–	-2.18%	–
XRX	Exit	XEROX CORP	$0	–	-25,180,866	–	-2.18%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-2,324,116	–	-2.18%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-8,649,165	–	-2.42%	–
LIFE	Exit	LIFE TECHNOLOGIES CORP	$0	–	-4,251,124	–	-2.68%	–
CSC	Exit	COMPUTER SCIENCES CORP	$0	–	-6,571,110	–	-2.86%	–
HUM	Exit	HUMANA INC	$0	–	-3,690,499	–	-2.90%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-9,415,163	–	-3.29%	–
WAG	Exit	WALGREEN CO	$0	–	-7,442,926	–	-3.37%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-5,626,718	–	-3.46%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-9,999,339	–	-3.47%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-8,620,064	–	-3.53%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-10,341,713	–	-3.72%	–
HMA	Exit	HEALTH MGMT ASSOC INC NEWcl a	$0	–	-37,757,583	–	-4.07%	–
FLEX	Exit	FLEXTRONICS INTL LTDord	$0	–	-59,180,959	–	-4.53%	–
MCK	Exit	MCKESSON CORP	$0	–	-4,612,936	–	-4.99%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-8,083,661	–	-6.28%	–

Q3 2013

			Value		Shares		↓ Weighting
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$744,909,000	+3.4%	8,083,661	-5.0%	6.28%	-4.8%
MCK	Buy	MCKESSON CORP	$591,840,000	+21.2%	4,612,936	+8.2%	4.99%	+11.6%
FLEX	Buy	FLEXTRONICS INTL LTDord	$537,955,000	+17.6%	59,180,959	+0.2%	4.53%	+8.3%
HCA	Buy	HCA HOLDINGS INC	$442,108,000	+24.6%	10,341,713	+5.1%	3.72%	+14.7%
AIG	Sell	AMERICAN INTL GROUP INC	$419,194,000	+3.7%	8,620,064	-4.7%	3.53%	-4.5%
THC	Buy	TENET HEALTHCARE CORP	$411,873,000	-9.2%	9,999,339	+1.6%	3.47%	-16.4%
CCI	Buy	CROWN CASTLE INTL CORP	$410,919,000	+243.4%	5,626,718	+240.4%	3.46%	+216.2%
WAG	Sell	WALGREEN CO	$400,429,000	+19.6%	7,442,926	-1.8%	3.37%	+10.1%
HUM	Sell	HUMANA INC	$344,434,000	-11.7%	3,690,499	-20.2%	2.90%	-18.7%
CSC	Sell	COMPUTER SCIENCES CORP	$339,989,000	+6.8%	6,571,110	-9.7%	2.86%	-1.7%
LIFE	Sell	LIFE TECHNOLOGIES CORP	$318,112,000	-57.9%	4,251,124	-58.4%	2.68%	-61.2%
MSFT	Buy	MICROSOFT CORP	$287,844,000	+191.1%	8,649,165	+202.2%	2.42%	+168.0%
TWC	Buy	TIME WARNER CABLE INC	$259,371,000	+0.1%	2,324,116	+0.9%	2.18%	-7.8%
XRX	Sell	XEROX CORP	$259,111,000	-12.5%	25,180,866	-22.9%	2.18%	-19.5%
PNR	Sell	PENTAIR LTD	$258,666,000	+5.9%	3,983,150	-5.9%	2.18%	-2.5%
FIS	Sell	FIDELITY NATL INFORMATION SV	$246,657,000	-0.0%	5,311,311	-7.8%	2.08%	-8.0%
CBS	Buy	CBS CORP NEWcl b	$245,435,000	+18.2%	4,449,502	+4.7%	2.07%	+8.8%
AAP	New	ADVANCE AUTO PARTS INC	$224,719,000	–	2,717,938	–	1.89%	–
6107SC	Sell	URS CORP NEW	$224,240,000	+4.3%	4,171,911	-8.4%	1.89%	-4.0%
CI	Sell	CIGNA CORPORATION	$213,641,000	-10.6%	2,779,610	-15.7%	1.80%	-17.7%
PVH	Buy	PVH CORP	$209,274,000	+196.3%	1,763,201	+212.2%	1.76%	+172.9%
GM	Sell	GENERAL MTRS CO	$208,362,000	-12.4%	5,792,667	-18.9%	1.76%	-19.3%
EA	Sell	ELECTRONIC ARTS INC	$196,125,000	-7.6%	7,676,113	-16.9%	1.65%	-14.9%
AON	Sell	AON PLC	$166,311,000	-7.5%	2,234,157	-20.1%	1.40%	-14.9%
AAPL	Buy	APPLE INC	$160,183,000	+33.8%	335,990	+11.3%	1.35%	+23.2%
PSX	Buy	PHILLIPS 66	$140,646,000	+18.5%	2,432,481	+20.7%	1.18%	+9.1%
AMT	New	AMERICAN TOWER CORP NEW	$132,152,000	–	1,782,711	–	1.11%	–
DG	New	DOLLAR GEN CORP NEW	$125,161,000	–	2,216,812	–	1.06%	–
HSP	Sell	HOSPIRA INC	$123,625,000	-23.2%	3,152,089	-25.0%	1.04%	-29.3%
JCPNQ	Buy	PENNEY J C INC	$108,922,000	-24.4%	12,370,487	+46.7%	0.92%	-30.3%
NXPI	New	NXP SEMICONDUCTORS N V	$93,710,000	–	2,518,420	–	0.79%	–
COF	Buy	CAPITAL ONE FINL CORP	$93,059,000	+18.2%	1,353,780	+8.0%	0.78%	+8.7%
CP	Buy	CANADIAN PAC RY LTD	$92,258,000	+189.9%	748,239	+185.4%	0.78%	+167.0%
TMUS	Buy	T-MOBILE US INC	$88,566,000	+57.7%	3,410,306	+50.7%	0.75%	+45.1%
ABC	Sell	AMERISOURCEBERGEN CORP	$87,121,000	-28.3%	1,425,876	-34.5%	0.73%	-34.0%
CPN	Sell	CALPINE CORP	$86,016,000	-34.1%	4,426,959	-28.0%	0.72%	-39.3%
FDO	New	FAMILY DLR STORES INC	$83,635,000	–	1,161,269	–	0.70%	–
ADT	New	THE ADT CORPORATION	$82,314,000	–	2,024,452	–	0.69%	–
TTWO	Sell	TAKE-TWO INTERACTIVE SOFTWAR	$77,653,000	-14.6%	4,273,712	-29.6%	0.65%	-21.4%
GPN	New	GLOBAL PMTS INC	$76,471,000	–	1,497,080	–	0.64%	–
FDO	New	FAMILY DLR STORES INCcall	$72,020,000	–	1,000,000	–	0.61%	–
MTOR	Sell	MERITOR INC	$71,014,000	+3.9%	9,034,914	-6.8%	0.60%	-4.3%
FNF	New	FIDELITY NATIONAL FINANCIALcl a	$70,437,000	–	2,648,000	–	0.59%	–
MON	New	MONSANTO CO NEW	$67,360,000	–	645,400	–	0.57%	–
CRI	Buy	CARTER INC	$61,260,000	+58.1%	807,225	+54.3%	0.52%	+45.4%
LAMR	Buy	LAMAR ADVERTISING COcl a	$58,497,000	+92.8%	1,243,831	+77.9%	0.49%	+77.3%
FOSL	Sell	FOSSIL GROUP INC	$49,588,000	-4.2%	426,599	-14.9%	0.42%	-11.8%
EVTC	New	EVERTEC INC	$46,882,000	–	2,110,863	–	0.40%	–
RLGY	New	REALOGY HLDGS CORP	$40,383,000	–	938,700	–	0.34%	–
CNP	New	CENTERPOINT ENERGY INC	$39,301,000	–	1,639,600	–	0.33%	–
STZ	Sell	CONSTELLATION BRANDS INCcl a	$37,589,000	-29.2%	654,864	-35.8%	0.32%	-34.8%
CIM	Buy	CHIMERA INVT CORP	$33,362,000	+8.6%	10,974,343	+7.1%	0.28%	0.0%
ETFC	Sell	E TRADE FINANCIAL CORP	$26,788,000	-4.5%	1,623,522	-26.8%	0.23%	-12.1%
STNG	Buy	SCORPIO TANKERS INC	$21,987,000	+65.7%	2,252,800	+52.4%	0.18%	+52.9%
NRG	New	NRG ENERGY INC	$14,344,000	–	524,839	–	0.12%	–
UPIP	Buy	UNWIRED PLANET INC NEW	$2,797,000	-4.1%	1,616,802	+7.5%	0.02%	-11.1%
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-101,816	–	-0.06%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-341,692	–	-0.20%	–
MWA	Exit	MUELLER WTR PRODS INC	$0	–	-3,536,098	–	-0.22%	–
OC	Exit	OWENS CORNING NEW	$0	–	-706,687	–	-0.25%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-300,030	–	-0.34%	–
CIT	Exit	CIT GROUP INC	$0	–	-1,016,535	–	-0.43%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-873,669	–	-0.59%	–
ROVI	Exit	ROVI CORP	$0	–	-3,627,141	–	-0.76%	–
NTAP	Exit	NETAPP INC	$0	–	-2,871,476	–	-0.99%	–
CLWR	Exit	CLEARWIRE CORP NEWcl a	$0	–	-32,052,360	–	-1.46%	–

Q2 2013

			Value		Shares		↓ Weighting
LIFE	New	LIFE TECHNOLOGIES CORP	$755,309,000	–	10,206,878	–	6.91%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$720,088,000	–	8,508,661	–	6.59%	–
HMA	New	HEALTH MGMT ASSOC INC NEWcl a	$593,549,000	–	37,757,583	–	5.43%	–
MCK	New	MCKESSON CORP	$488,194,000	–	4,263,700	–	4.47%	–
FLEX	New	FLEXTRONICS INTL LTDord	$457,287,000	–	59,080,959	–	4.18%	–
THC	New	TENET HEALTHCARE CORP	$453,594,000	–	9,839,339	–	4.15%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$441,383,000	–	9,415,163	–	4.04%	–
AIG	New	AMERICAN INTL GROUP INC	$404,323,000	–	9,045,264	–	3.70%	–
HUM	New	HUMANA INC	$390,097,000	–	4,623,102	–	3.57%	–
HCA	New	HCA HOLDINGS INC	$354,892,000	–	9,841,713	–	3.25%	–
WAG	New	WALGREEN CO	$334,852,000	–	7,575,826	–	3.06%	–
CSC	New	COMPUTER SCIENCES CORP	$318,427,000	–	7,275,010	–	2.91%	–
XRX	New	XEROX CORP	$296,264,000	–	32,664,168	–	2.71%	–
TWC	New	TIME WARNER CABLE INC	$259,060,000	–	2,303,169	–	2.37%	–
FIS	New	FIDELITY NATL INFORMATION SV	$246,709,000	–	5,758,841	–	2.26%	–
PNR	New	PENTAIR LTD	$244,210,000	–	4,233,150	–	2.24%	–
CI	New	CIGNA CORPORATION	$238,981,000	–	3,296,749	–	2.19%	–
GM	New	GENERAL MTRS CO	$237,786,000	–	7,138,579	–	2.18%	–
6107SC	New	URS CORP NEW	$215,026,000	–	4,553,711	–	1.97%	–
EA	New	ELECTRONIC ARTS INC	$212,252,000	–	9,232,350	–	1.94%	–
CBS	New	CBS CORP NEWcl b	$207,683,000	–	4,249,706	–	1.90%	–
AON	New	AON PLC	$179,825,000	–	2,794,477	–	1.65%	–
LPNT	New	LIFEPOINT HOSPITALS INC	$176,818,000	–	3,620,345	–	1.62%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$165,997,000	–	5,527,708	–	1.52%	–
HSP	New	HOSPIRA INC	$161,014,000	–	4,202,931	–	1.47%	–
CLWR	New	CLEARWIRE CORP NEWcl a	$160,102,000	–	32,052,360	–	1.46%	–
C	New	CITIGROUP INC	$150,817,000	–	3,143,995	–	1.38%	–
JCPNQ	New	PENNEY J C INC	$144,016,000	–	8,431,879	–	1.32%	–
CPN	New	CALPINE CORP	$130,472,000	–	6,145,659	–	1.19%	–
ABC	New	AMERISOURCEBERGEN CORP	$121,479,000	–	2,175,876	–	1.11%	–
AAPL	New	APPLE INC	$119,727,000	–	301,936	–	1.10%	–
CCI	New	CROWN CASTLE INTL CORP	$119,672,000	–	1,653,155	–	1.10%	–
PSX	New	PHILLIPS 66	$118,700,000	–	2,014,945	–	1.09%	–
NTAP	New	NETAPP INC	$108,484,000	–	2,871,476	–	0.99%	–
MSFT	New	MICROSOFT CORP	$98,886,000	–	2,862,515	–	0.90%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$90,909,000	–	6,072,734	–	0.83%	–
ROVI	New	ROVI CORP	$82,844,000	–	3,627,141	–	0.76%	–
COF	New	CAPITAL ONE FINL CORP	$78,750,000	–	1,253,780	–	0.72%	–
PVH	New	PVH CORP	$70,621,000	–	564,741	–	0.65%	–
MTOR	New	MERITOR INC	$68,336,000	–	9,693,093	–	0.62%	–
LBTYA	New	LIBERTY GLOBAL PLC	$64,206,000	–	873,669	–	0.59%	–
TMUS	New	T-MOBILE US INC	$56,158,000	–	2,263,529	–	0.51%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$53,129,000	–	1,019,364	–	0.49%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$52,891,000	–	611,600	–	0.48%	–
BIG	New	BIG LOTS INC	$52,628,000	–	1,669,136	–	0.48%	–
FOSL	New	FOSSIL GROUP INC	$51,760,000	–	501,019	–	0.47%	–
CIT	New	CIT GROUP INC	$47,401,000	–	1,016,535	–	0.43%	–
CRI	New	CARTER INC	$38,743,000	–	523,060	–	0.36%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$37,159,000	–	300,030	–	0.34%	–
CP	New	CANADIAN PAC RY LTD	$31,822,000	–	262,169	–	0.29%	–
ACIW	New	ACI WORLDWIDE INC	$31,473,000	–	677,129	–	0.29%	–
CIM	New	CHIMERA INVT CORP	$30,728,000	–	10,242,810	–	0.28%	–
LAMR	New	LAMAR ADVERTISING COcl a	$30,343,000	–	699,300	–	0.28%	–
ETFC	New	E TRADE FINANCIAL CORP	$28,060,000	–	2,216,465	–	0.26%	–
OC	New	OWENS CORNING NEW	$27,617,000	–	706,687	–	0.25%	–
MWA	New	MUELLER WTR PRODS INC	$24,434,000	–	3,536,098	–	0.22%	–
BEAV	New	B/E AEROSPACE INC	$21,554,000	–	341,692	–	0.20%	–
STNG	New	SCORPIO TANKERS INC	$13,271,000	–	1,477,800	–	0.12%	–
LBTYK	New	LIBERTY GLOBAL PLC	$6,912,000	–	101,816	–	0.06%	–
CWSA	New	CITIGROUP INC*w exp 01/04/201	$6,729,000	–	8,561,020	–	0.06%	–
UPIP	New	UNWIRED PLANET INC NEW	$2,917,000	–	1,503,543	–	0.03%	–

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