S. MUOIO & CO. LLC Activity Q4 2014-Q3 2022

Q3 2022

			Value		Shares		↓ Weighting
CTXS	Buy	CITRIX SYSTEMS INC	$4,691,000	+46.3%	45,150	+36.8%	6.20%	+35.5%
ROG	Buy	ROGERS CORP	$3,108,000	+20.4%	12,850	+30.5%	4.10%	+11.5%
CCXI	New	CHEMOCENTRYX INC	$2,996,000	–	58,000	–	3.96%	–
BHVN	Buy	BIOHAVEN PHARMACEUTICAL HOLD	$2,869,000	+45.9%	18,980	+40.6%	3.79%	+35.1%
GBT	New	GLOBAL BLOOD THERAPEUTICS IN	$2,772,000	–	40,710	–	3.66%	–
RFP	New	RESOLUTE FOREST PRODUCTS	$2,540,000	–	127,000	–	3.36%	–
NLSN	New	NIELSEN N.V.	$2,486,000	–	89,698	–	3.28%	–
Y	New	ALLEGHANY CORP	$2,434,000	–	2,900	–	3.22%	–
TEN	Buy	TENNECO INC	$2,227,000	+8.2%	128,078	+6.7%	2.94%	+0.2%
AVLR	New	AVALARA INC	$2,067,000	–	22,515	–	2.73%	–
TWTR	Buy	TWITTER INC	$1,815,000	+31.2%	41,400	+11.9%	2.40%	+21.6%
FHN	Sell	FIRST HORIZON CORP	$1,603,000	-8.3%	70,000	-12.5%	2.12%	-15.1%
ZEN	New	ZENDESK INC	$1,598,000	–	21,000	–	2.11%	–
TSEM	Buy	TOWER SEMICONDUCTOR LTD	$1,450,000	+16.3%	33,000	+22.2%	1.92%	+7.7%
ONEM	New	1LIFE HEALTHCARE INC	$1,372,000	–	80,000	–	1.81%	–
SWIR	New	SIERRA WIRELESS INC	$956,000	–	31,405	–	1.26%	–
MX	Sell	MAGNACHIP SEMICONDUCT-DEP SH	$917,000	-47.1%	89,566	-24.8%	1.21%	-51.0%
LHCG	Buy	LHC GROUP INC	$900,000	+92.7%	5,500	+83.3%	1.19%	+78.5%
HIL	New	HILL INTERNATIONAL INC	$877,000	–	264,256	–	1.16%	–
VIAC	Sell	PARAMOUNT GLOBAL	$855,000	-27.4%	44,914	-5.8%	1.13%	-32.7%
SRLP	New	SPRAGUE RESOURCES LPltdp	$693,000	–	34,921	–	0.92%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$669,000	–	7,000	–	0.88%	–
CVET	New	COVETRUS INC	$633,000	–	30,300	–	0.84%	–
	Sell	WARNER BROS DISCOVERY INC SERIES A COMMO	$566,000	-14.9%	49,197	-0.7%	0.75%	-21.1%
AERI	New	AERIE PHARMACEUTICALS INC	$555,000	–	36,655	–	0.73%	–
FMTX	New	FORMA THERAPEUTICS HOLDINGS	$513,000	–	25,722	–	0.68%	–
NTIP	Sell	NETWORK-1 SECURITY SOLUTIONS	$435,000	-49.1%	193,261	-45.7%	0.58%	-52.8%
CYBE	New	CYBEROPTICS CORP	$323,000	–	6,000	–	0.43%	–
HNGR	New	HANGER INC	$303,000	–	16,200	–	0.40%	–
PBFX	New	PBF LOGISTICS LPltdp	$239,000	–	12,664	–	0.32%	–
AUY	New	YAMANA GOLD INC	$227,000	–	50,000	–	0.30%	–
FSTX	New	F-STAR THERAPEUTICS INC	$205,000	–	40,000	–	0.27%	–
ZY	New	ZYMERGEN INC	$49,000	–	17,510	–	0.06%	–
SANW	Exit	S&W SEED CO	$0	–	-25,968	–	-0.04%	–
GAPA	Exit	G&P ACQUISITION CORP-CL A	$0	–	-12,724	–	-0.18%	–
OPA	Exit	MAGNUM OPUS ACQUISITION LT-A	$0	–	-20,000	–	-0.28%	–
HMLP	Exit	HOEGH LNG PARTNERS LPltdp	$0	–	-24,989	–	-0.32%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-10,659	–	-0.44%	–
SRRA	Exit	SIERRA ONCOLOGY INC	$0	–	-6,000	–	-0.47%	–
TUFN	Exit	TUFIN SOFTWARE TECHNOLOGIES	$0	–	-33,627	–	-0.60%	–
	Exit	MANDIANT INC	$0	–	-20,000	–	-0.62%	–
SREV	Exit	SERVICESOURCE INTERNATIONAL	$0	–	-300,000	–	-0.63%	–
VG	Exit	VONAGE HOLDINGS CORP	$0	–	-25,000	–	-0.67%	–
PMVC	Exit	PMV CONSUMER ACQUISITION-Awrnt	$0	–	-50,000	–	-0.71%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-10,000	–	-0.78%	–
GTYH	Exit	GTY TECHNOLOGY HOLDINGS IN-A	$0	–	-96,598	–	-0.86%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES	$0	–	-20,000	–	-0.89%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIESreit	$0	–	-10,000	–	-0.92%	–
BKEP	Exit	BLUEKNIGHT ENERGY PARTNERS LLCltdp	$0	–	-150,000	–	-0.97%	–
WBT	Exit	WELBILT INC	$0	–	-30,000	–	-1.02%	–
HMTV	Exit	HEMISPHERE MEDIA GROUP INC CL A	$0	–	-127,241	–	-1.38%	–
NTUS	Exit	NATUS MEDICAL INC	$0	–	-30,000	–	-1.40%	–
POLY	Exit	PLANTRONICS INC	$0	–	-27,366	–	-1.55%	–
CNR	Exit	CORNERSTONE BULDING BRANDS	$0	–	-50,000	–	-1.75%	–
SAIL	Exit	SAILPOINT TECHNOLOGIES HOLDI	$0	–	-21,000	–	-1.88%	–
MTOR	Exit	MERITOR INC	$0	–	-43,000	–	-2.23%	–
COHR	Exit	COHERENT INC	$0	–	-6,100	–	-2.32%	–
ATC	Exit	ATOTECH LTD	$0	–	-99,351	–	-2.74%	–
TPTX	Exit	TURNING POINT THERAPEUTICS I	$0	–	-25,600	–	-2.75%	–

Q2 2022

			Value		Shares		↓ Weighting
NXST	New	NEXSTAR BROADCASTING GROUP-A	$4,612,000	–	28,313	–	6.58%	–
CTXS	New	CITRIX SYSTEMS INC	$3,207,000	–	33,000	–	4.57%	–
AZO	New	AUTOZONE INC	$3,204,000	–	1,491	–	4.57%	–
ROG	New	ROGERS CORP	$2,582,000	–	9,850	–	3.68%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,180,000	–	28,000	–	3.11%	–
GTXAP	New	GARRETT MOTION INC PFD CONV SR Arstd	$2,176,000	–	264,647	–	3.10%	–
TEN	New	TENNECO INC	$2,059,000	–	120,000	–	2.94%	–
BHVN	New	BIOHAVEN PHARMACEUTICAL HOLD	$1,967,000	–	13,500	–	2.80%	–
TPTX	New	TURNING POINT THERAPEUTICS I	$1,926,000	–	25,600	–	2.75%	–
ATC	New	ATOTECH LTD	$1,922,000	–	99,351	–	2.74%	–
TGNA	New	TEGNA INC	$1,887,000	–	90,000	–	2.69%	–
FHN	New	First Horizon Corp	$1,749,000	–	80,000	–	2.49%	–
MX	New	MAGNACHIP SEMICONDUCT-DEP SH	$1,732,000	–	119,173	–	2.47%	–
EQIX	New	EQUINIX INC	$1,693,000	–	2,577	–	2.41%	–
COHR	New	COHERENT INC	$1,624,000	–	6,100	–	2.32%	–
MTOR	New	MERITOR INC	$1,562,000	–	43,000	–	2.23%	–
GBL	New	GAMCO INVESTORS INC-A	$1,509,000	–	72,182	–	2.15%	–
GPC	New	GENUINE PARTS CO	$1,447,000	–	10,876	–	2.06%	–
TWTR	New	TWITTER INC	$1,383,000	–	37,000	–	1.97%	–
SAIL	New	SAILPOINT TECHNOLOGIES HOLDI	$1,316,000	–	21,000	–	1.88%	–
TSEM	New	TOWER SEMICONDUCTOR LTD	$1,247,000	–	27,000	–	1.78%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$1,227,000	–	3	–	1.75%	–
CNR	New	CORNERSTONE BULDING BRANDS	$1,225,000	–	50,000	–	1.75%	–
VIAC	New	PARAMOUNT GLOBAL	$1,177,000	–	47,673	–	1.68%	–
POLY	New	PLANTRONICS INC	$1,086,000	–	27,366	–	1.55%	–
FBC	New	FLAGSTAR BANCORP INC	$1,064,000	–	30,000	–	1.52%	–
MSFT	New	MICROSOFT CORP	$1,047,000	–	4,077	–	1.49%	–
KAR	New	KAR AUCTION SERVICES INC	$1,005,000	–	68,058	–	1.43%	–
NTUS	New	NATUS MEDICAL INC	$983,000	–	30,000	–	1.40%	–
HMTV	New	HEMISPHERE MEDIA GROUP INC CL A	$971,000	–	127,241	–	1.38%	–
AAPL	New	APPLE COMPUTER INC	$871,000	–	6,368	–	1.24%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$855,000	–	356,123	–	1.22%	–
AC	New	ASSOCIATED CAPITAL GROUP	$797,000	–	22,253	–	1.14%	–
SJI	New	SOUTH JERSEY INDUSTRIES	$768,000	–	22,500	–	1.10%	–
SBGI	New	SINCLAIR BROADCAST GROUP-A	$745,000	–	36,517	–	1.06%	–
NXPI	New	NXP SEMICONDUCTORS NV	$726,000	–	4,907	–	1.04%	–
WBT	New	WELBILT INC	$714,000	–	30,000	–	1.02%	–
BKEP	New	BLUEKNIGHT ENERGY PARTNERS LLCltdp	$678,000	–	150,000	–	0.97%	–
	New	WARNER BROS DISCOVERY INC SERIES A COMMO	$665,000	–	49,539	–	0.95%	–
MSGS	New	MADISON SQUARE GARDEN SPORTS C	$647,000	–	4,283	–	0.92%	–
ACC	New	AMERICAN CAMPUS COMMUNITIESreit	$645,000	–	10,000	–	0.92%	–
ARCO	New	ARCOS DORADOS HOLDINGS INC-A	$643,000	–	95,363	–	0.92%	–
GCP	New	GCP APPLIED TECHNOLOGIES	$626,000	–	20,000	–	0.89%	–
TMUS	New	T-MOBILE US INC	$609,000	–	4,528	–	0.87%	–
GTYH	New	GTY TECHNOLOGY HOLDINGS IN-A	$605,000	–	96,598	–	0.86%	–
CDK	New	CDK GLOBAL INC	$548,000	–	10,000	–	0.78%	–
PMVC	New	PMV CONSUMER ACQUISITION-Awrnt	$496,000	–	50,000	–	0.71%	–
VG	New	VONAGE HOLDINGS CORP	$471,000	–	25,000	–	0.67%	–
LHCG	New	LHC GROUP INC	$467,000	–	3,000	–	0.67%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$462,000	–	24,165	–	0.66%	–
SREV	New	SERVICESOURCE INTERNATIONAL	$441,000	–	300,000	–	0.63%	–
	New	MANDIANT INC	$436,000	–	20,000	–	0.62%	–
TUFN	New	TUFIN SOFTWARE TECHNOLOGIES	$422,000	–	33,627	–	0.60%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$395,000	–	6,591	–	0.56%	–
SRRA	New	SIERRA ONCOLOGY INC	$330,000	–	6,000	–	0.47%	–
AMCX	New	AMC NETWORKS INC	$310,000	–	10,659	–	0.44%	–
TR	New	TOOTSIE ROLL INDS	$300,000	–	8,497	–	0.43%	–
MCS	New	MARCUS CORPORATION	$289,000	–	19,557	–	0.41%	–
SWCH	New	SWITCH INC - A	$268,000	–	8,000	–	0.38%	–
HMLP	New	HOEGH LNG PARTNERS LPltdp	$225,000	–	24,989	–	0.32%	–
KDP	New	KEURIG DR PEPPER INC	$202,000	–	5,700	–	0.29%	–
OPA	New	MAGNUM OPUS ACQUISITION LT-A	$196,000	–	20,000	–	0.28%	–
MGI	New	MONEYGRAM INTERNATIONAL INC	$150,000	–	15,000	–	0.21%	–
GAPA	New	G&P ACQUISITION CORP-CL A	$126,000	–	12,724	–	0.18%	–
LGL	New	LGL GROUP INC	$106,000	–	8,141	–	0.15%	–
PTOC	New	PINE TECHNOLOGY ACQUISI-CL Awrnt	$98,000	–	10,000	–	0.14%	–
SANW	New	S&W SEED CO	$26,000	–	25,968	–	0.04%	–

Q4 2021

			Value		Shares		↓ Weighting
ESXB	Exit	COMMUNITY BANKERS TRUST CORP	$0	–	-12,000	–	-0.10%	–
TWNTU	Exit	TAILWIND TWO ACQUISITION CORunit 03/01/2028	$0	–	-20,000	–	-0.15%	–
KDP	Exit	KEURIG DR PEPPER INC	$0	–	-6,000	–	-0.16%	–
SPWH	Exit	SPORTSMAN`S WAREHOUSE HOLDIN	$0	–	-12,000	–	-0.16%	–
LBRDK	Exit	LIBERTY BROADBAND-C	$0	–	-1,332	–	-0.18%	–
WBT	Exit	WELBILT INC	$0	–	-10,000	–	-0.18%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-18,850	–	-0.18%	–
FCCY	Exit	1ST CONSTITUTION BANCORP	$0	–	-10,000	–	-0.18%	–
FOXA	Exit	FOX CORP - CLASS A	$0	–	-6,000	–	-0.18%	–
CIT	Exit	CIT GROUP INC	$0	–	-4,887	–	-0.20%	–
SLCT	Exit	SELECT BANCORP INC	$0	–	-15,000	–	-0.20%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-1,000	–	-0.22%	–
SMG	Exit	SCOTTS MIRACLE-GRO CO-CL A	$0	–	-2,000	–	-0.22%	–
PTOCU	Exit	PINE TECHNOLOGY ACQUISITIONunit 03/31/2028	$0	–	-30,000	–	-0.23%	–
CADE	Exit	CADENCE BANCORP	$0	–	-15,000	–	-0.25%	–
VNE	Exit	VEONEER INC	$0	–	-10,000	–	-0.26%	–
LUB	Exit	LUBYS INC	$0	–	-88,000	–	-0.28%	–
IAA	Exit	IAA INC	$0	–	-7,000	–	-0.29%	–
GAPAU	Exit	G&P ACQUISITION CORPunit 02/28/2028	$0	–	-40,000	–	-0.31%	–
FBC	Exit	FLAGSTAR BANCORP INC	$0	–	-8,000	–	-0.31%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP-A	$0	–	-12,900	–	-0.31%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-22,692	–	-0.32%	–
GPX	Exit	GP STRATEGIES CORP	$0	–	-20,000	–	-0.32%	–
TR	Exit	TOOTSIE ROLL INDS	$0	–	-13,714	–	-0.32%	–
MDLA	Exit	MEDALLIA INC	$0	–	-12,329	–	-0.32%	–
JAX	Exit	J. ALEXANDERS CORPORATION	$0	–	-30,000	–	-0.32%	–
LSXMA	Exit	LIBERTY SIRIUSXM GROUP	$0	–	-9,302	–	-0.34%	–
PMBC	Exit	PACIFIC MERCANTILE BANCORP	$0	–	-48,363	–	-0.34%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS-A	$0	–	-17,821	–	-0.35%	–
BOCH	Exit	BANK OF COMMERCE HOLDINGS	$0	–	-30,000	–	-0.35%	–
ATUS	Exit	ALTICE USA INC- A	$0	–	-23,000	–	-0.37%	–
SANW	Exit	S&W SEED CO	$0	–	-185,685	–	-0.37%	–
PMVC	Exit	PMV CONSUMER ACQUISITION-Awrnt	$0	–	-50,000	–	-0.38%	–
KDMN	Exit	KADMON HOLDINGS LLC	$0	–	-57,886	–	-0.39%	–
MSGE	Exit	MADISON SQUARE GARDEN ENTERT	$0	–	-6,965	–	-0.39%	–
FOE	Exit	FERRO CORP	$0	–	-25,000	–	-0.39%	–
IEC	Exit	IEC ELECTRONICS CORP	$0	–	-33,825	–	-0.40%	–
OPAU	Exit	MAGNUM OPUS ACQUISITION LTDunit 06/03/2026	$0	–	-50,000	–	-0.40%	–
GTS	Exit	TRIPLE-S MANAGEMENT CORP-B	$0	–	-15,000	–	-0.41%	–
T	Exit	AT&T INC	$0	–	-20,000	–	-0.42%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,300	–	-0.43%	–
INOV	Exit	INOVALON HOLDINGS INC - A	$0	–	-15,000	–	-0.46%	–
QADA	Exit	QAD INC-A	$0	–	-7,000	–	-0.47%	–
SC	Exit	SANTANDER CONSUMER USA HOLDI	$0	–	-15,600	–	-0.50%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-4,000	–	-0.50%	–
NFH	Exit	NEW FRONTIER HEALTH CORP	$0	–	-60,000	–	-0.52%	–
XENT	Exit	INTERSECT ENT INC	$0	–	-25,000	–	-0.52%	–
ATH	Exit	ATHENE HOLDING LTD-CLASS A	$0	–	-10,000	–	-0.53%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT COcl a	$0	–	-40,000	–	-0.57%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURI	$0	–	-8,591	–	-0.59%	–
MCS	Exit	MARCUS CORPORATION	$0	–	-44,510	–	-0.60%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-6,234	–	-0.61%	–
DMYI	Exit	DMY TECHNOLOGY GR III-CL A	$0	–	-77,000	–	-0.62%	–
CAI	Exit	CAI INTERNATIONAL INC	$0	–	-15,000	–	-0.64%	–
RIVE	Exit	RIVERVIEW FINANCIAL CORP	$0	–	-66,241	–	-0.67%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP-A	$0	–	-40,557	–	-0.67%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-18,988	–	-0.68%	–
LGL	Exit	LGL GROUP INCwrnt	$0	–	-64,354	–	-0.68%	–
KRA	Exit	KRATON PERFORMANCE POLYMERS	$0	–	-20,000	–	-0.70%	–
MSGS	Exit	MADISON SQUARE GRDN SPRT CORcl a	$0	–	-5,000	–	-0.72%	–
DIS	Exit	THE WALT DISNEY CO.	$0	–	-5,500	–	-0.72%	–
UFS	Exit	DOMTAR CORPcall	$0	–	-17,195	–	-0.72%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INCORPORATED COMMON	$0	–	-30,000	–	-0.74%	–
DISCK	Exit	DISCOVERY INC	$0	–	-41,192	–	-0.77%	–
HRC	Exit	HILL ROM HOLDINGS INC	$0	–	-7,000	–	-0.81%	–
CSOD	Exit	CORNERSTONE ONDEMAND INC	$0	–	-20,000	–	-0.88%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-3	–	-0.95%	–
MRLN	Exit	MARLIN BUSINESS SERVICES	$0	–	-56,465	–	-0.96%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-11,000	–	-0.99%	–
QRTEA	Exit	QURATE RETAIL GROUP	$0	–	-126,038	–	-0.99%	–
NTIP	Exit	NETWORK-1 SECURITY SOLUTIONS	$0	–	-467,808	–	-1.07%	–
ARCO	Exit	ARCOS DORADOS HOLDINGS INC-A	$0	–	-278,991	–	-1.10%	–
AC	Exit	ASSOCIATED CAPITAL GROUP	$0	–	-38,155	–	-1.10%	–
ATC	Exit	ATOTECH LTD	$0	–	-59,351	–	-1.10%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC	$0	–	-6,240	–	-1.12%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-10,428	–	-1.13%	–
XLNX	Exit	XILINX INC	$0	–	-10,000	–	-1.16%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-7,822	–	-1.18%	–
JOBS	Exit	51JOB INCsponsored ads	$0	–	-23,000	–	-1.23%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,743	–	-1.24%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-6,000	–	-1.25%	–
ROST	Exit	ROSS STORES INC	$0	–	-15,000	–	-1.26%	–
CLDR	Exit	CLOUDERA INC	$0	–	-110,000	–	-1.35%	–
ALTA	Exit	ALTABANCORP	$0	–	-42,813	–	-1.45%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-122,221	–	-1.54%	–
SIC	Exit	SELECT INTERIOR CONCEPTS INC CL A	$0	–	-147,040	–	-1.63%	–
SOLY	Exit	SOLITON INC	$0	–	-105,000	–	-1.64%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-25,000	–	-1.68%	–
SCR	Exit	SCORE MEDIA AND GAMING INC	$0	–	-70,000	–	-1.84%	–
XLRN	Exit	ACCELERON PHARMA INC	$0	–	-15,000	–	-1.98%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-22,300	–	-2.08%	–
PPD	Exit	PPD INC	$0	–	-60,000	–	-2.16%	–
	Exit	TRILLIUM THERAPEUTICS INC	$0	–	-160,000	–	-2.16%	–
COHR	Exit	COHERENT INC	$0	–	-12,000	–	-2.31%	–
VIAC	Exit	VIACOMCBS INC	$0	–	-77,163	–	-2.34%	–
LDL	Exit	LYDALL INC	$0	–	-50,000	–	-2.39%	–
TGNA	Exit	TEGNA INC	$0	–	-160,000	–	-2.42%	–
GBL	Exit	GAMCO INVESTORS INC-A	$0	–	-123,411	–	-2.50%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-63,000	–	-2.66%	–
AZO	Exit	AUTOZONE INC	$0	–	-2,091	–	-2.73%	–
EQIX	Exit	EQUINIX INC	$0	–	-4,583	–	-2.78%	–
STMP	Exit	STAMPS.COM INC	$0	–	-12,900	–	-3.27%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP-A	$0	–	-28,813	–	-3.36%	–
TGNA	Exit	TEGNA INCcall	$0	–	-537,400	–	-8.14%	–

Q3 2021

			Value		Shares		↓ Weighting
TGNA	New	TEGNA INCcall	$10,598,000	–	537,400	–	8.14%	–
STMP	New	STAMPS.COM INC	$4,254,000	–	12,900	–	3.27%	–
EQIX	Sell	EQUINIX INC	$3,621,000	-11.2%	4,583	-9.8%	2.78%	-19.5%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$3,468,000	+48.1%	63,000	+46.5%	2.66%	+34.3%
GBL	Sell	GAMCO INVESTORS INC-A	$3,256,000	-12.9%	123,411	-17.2%	2.50%	-21.1%
TGNA	Buy	TEGNA INC	$3,155,000	+124.2%	160,000	+113.3%	2.42%	+103.4%
LDL	New	LYDALL INC	$3,105,000	–	50,000	–	2.39%	–
VIAC	Buy	VIACOMCBS INC	$3,049,000	+43.0%	77,163	+63.6%	2.34%	+29.7%
	New	TRILLIUM THERAPEUTICS INC	$2,810,000	–	160,000	–	2.16%	–
GPC	Sell	GENUINE PARTS CO	$2,703,000	-12.0%	22,300	-8.2%	2.08%	-20.2%
XLRN	New	ACCELERON PHARMA INC	$2,582,000	–	15,000	–	1.98%	–
SCR	New	SCORE MEDIA AND GAMING INC	$2,396,000	–	70,000	–	1.84%	–
XEC	New	CIMAREX ENERGY CO	$2,180,000	–	25,000	–	1.68%	–
SOLY	Buy	SOLITON INC	$2,138,000	+5.6%	105,000	+16.7%	1.64%	-4.2%
SIC	New	SELECT INTERIOR CONCEPTS INC CL A	$2,120,000	–	147,040	–	1.63%	–
ALTA	New	ALTABANCORP	$1,891,000	–	42,813	–	1.45%	–
CLDR	Buy	CLOUDERA INC	$1,757,000	+454.3%	110,000	+450.0%	1.35%	+401.9%
ROST	Sell	ROSS STORES INC	$1,633,000	-17.7%	15,000	-6.2%	1.26%	-25.3%
KSU	New	KANSAS CITY SOUTHERN	$1,624,000	–	6,000	–	1.25%	–
JOBS	Buy	51JOB INCsponsored ads	$1,599,000	+58.2%	23,000	+76.9%	1.23%	+43.4%
NXPI	Sell	NXP SEMICONDUCTORS NV	$1,532,000	-15.6%	7,822	-11.3%	1.18%	-23.5%
XLNX	Buy	XILINX INC	$1,510,000	+108.9%	10,000	+100.0%	1.16%	+89.2%
WLTW	New	WILLIS TOWERS WATSON PLC	$1,451,000	–	6,240	–	1.12%	–
ATC	New	ATOTECH LTD	$1,433,000	–	59,351	–	1.10%	–
ARCO	New	ARCOS DORADOS HOLDINGS INC-A	$1,428,000	–	278,991	–	1.10%	–
NTIP	Sell	NETWORK-1 SECURITY SOLUTIONS	$1,388,000	-9.1%	467,808	-0.1%	1.07%	-17.5%
QRTEA	Buy	QURATE RETAIL GROUP	$1,284,000	+390.1%	126,038	+530.2%	0.99%	+344.6%
INFO	Buy	IHS MARKIT LTD	$1,283,000	+127.9%	11,000	+120.0%	0.99%	+106.7%
CSOD	New	CORNERSTONE ONDEMAND INC	$1,145,000	–	20,000	–	0.88%	–
HRC	New	HILL ROM HOLDINGS INC	$1,050,000	–	7,000	–	0.81%	–
UFS	New	DOMTAR CORPcall	$938,000	–	17,195	–	0.72%	–
DIS	Sell	THE WALT DISNEY CO.	$930,000	-18.6%	5,500	-15.4%	0.72%	-26.2%
KRA	New	KRATON PERFORMANCE POLYMERS	$913,000	–	20,000	–	0.70%	–
LGL	Sell	LGL GROUP INCwrnt	$887,000	+30.8%	64,354	-1.2%	0.68%	+18.6%
PAHC	Sell	PHIBRO ANIMAL HEALTH CORP-A	$874,000	-43.3%	40,557	-24.0%	0.67%	-48.5%
RIVE	New	RIVERVIEW FINANCIAL CORP	$866,000	–	66,241	–	0.67%	–
DMYI	New	DMY TECHNOLOGY GR III-CL A	$801,000	–	77,000	–	0.62%	–
MCS	Sell	MARCUS CORPORATION	$777,000	-27.8%	44,510	-12.2%	0.60%	-34.5%
MNR	New	MONMOUTH REAL ESTATE INVT COcl a	$746,000	–	40,000	–	0.57%	–
XENT	New	INTERSECT ENT INC	$680,000	–	25,000	–	0.52%	–
NFH	Buy	NEW FRONTIER HEALTH CORP	$674,000	+202.2%	60,000	+200.0%	0.52%	+174.1%
SC	New	SANTANDER CONSUMER USA HOLDI	$651,000	–	15,600	–	0.50%	–
QADA	New	QAD INC-A	$612,000	–	7,000	–	0.47%	–
INOV	New	INOVALON HOLDINGS INC - A	$604,000	–	15,000	–	0.46%	–
MCD	Sell	MCDONALDS CORP	$555,000	-19.9%	2,300	-23.3%	0.43%	-27.3%
T	New	AT&T INC	$540,000	–	20,000	–	0.42%	–
GTS	New	TRIPLE-S MANAGEMENT CORP-B	$531,000	–	15,000	–	0.41%	–
IEC	New	IEC ELECTRONICS CORP	$519,000	–	33,825	–	0.40%	–
FOE	Buy	FERRO CORP	$509,000	+18.1%	25,000	+25.0%	0.39%	+7.1%
MSGE	Buy	MADISON SQUARE GARDEN ENTERT	$506,000	+20.5%	6,965	+39.3%	0.39%	+9.3%
KDMN	New	KADMON HOLDINGS LLC	$504,000	–	57,886	–	0.39%	–
ATUS	New	ALTICE USA INC- A	$477,000	–	23,000	–	0.37%	–
JAX	New	J. ALEXANDERS CORPORATION	$420,000	–	30,000	–	0.32%	–
MDLA	New	MEDALLIA INC	$418,000	–	12,329	–	0.32%	–
GPX	New	GP STRATEGIES CORP	$414,000	–	20,000	–	0.32%	–
SBGI	Sell	SINCLAIR BROADCAST GROUP-A	$409,000	-33.1%	12,900	-29.9%	0.31%	-39.4%
VNE	New	VEONEER INC	$341,000	–	10,000	–	0.26%	–
SMG	Sell	SCOTTS MIRACLE-GRO CO-CL A	$293,000	-33.6%	2,000	-13.0%	0.22%	-39.8%
PH	Sell	PARKER HANNIFIN CORP	$280,000	-62.0%	1,000	-58.3%	0.22%	-65.6%
CIT	Buy	CIT GROUP INC	$254,000	+9.5%	4,887	+8.6%	0.20%	-1.0%
FCCY	New	1ST CONSTITUTION BANCORP	$237,000	–	10,000	–	0.18%	–
WBT	New	WELBILT INC	$232,000	–	10,000	–	0.18%	–
SPWH	New	SPORTSMAN`S WAREHOUSE HOLDIN	$211,000	–	12,000	–	0.16%	–
DSSI	Exit	DIAMOND S SHIPPING INC	$0	–	-11,099	–	-0.09%	–
PFBI	Exit	PREMIER FINANCIAL BANCORP	$0	–	-10,000	–	-0.14%	–
CONE	Exit	CYRUSONE INCreit	$0	–	-3,400	–	-0.21%	–
PROS	Exit	PROCENTURY CORP	$0	–	-20,000	–	-0.22%	–
MX	Exit	MAGNACHIP SEMICONDUCT-DEP SH	$0	–	-12,456	–	-0.25%	–
SHEN	Exit	SHENANDOAH TELECOMMUN CO	$0	–	-7,000	–	-0.29%	–
NAV	Exit	NAVISTAR INTERNATIONAL	$0	–	-8,000	–	-0.30%	–
WTRE	Exit	WATFORD HOLDINGS LTD	$0	–	-10,276	–	-0.30%	–
MFNC	Exit	MACKINAC FINANCIAL CORP	$0	–	-20,000	–	-0.34%	–
CHMA	Exit	CHIASMA INC	$0	–	-94,989	–	-0.38%	–
KNL	Exit	KNOLL INC	$0	–	-20,900	–	-0.46%	–
SHSP	Exit	SHARPSPRING INC	$0	–	-36,607	–	-0.52%	–
IMAX	Exit	IMAX CORP	$0	–	-29,212	–	-0.53%	–
QTS	Exit	QTS REALTY TRUST INC-CL Areit	$0	–	-8,834	–	-0.58%	–
CHNG	Exit	CHANGE HEALTHCARE INC	$0	–	-30,000	–	-0.59%	–
MSGN	Exit	MADISON SQUARE GARD-A/NEW	$0	–	-50,503	–	-0.62%	–
ALSK	Exit	ALASKA COMM SYSTEMS GROUP	$0	–	-237,596	–	-0.67%	–
HOME	Exit	AT HOME GROUP INC	$0	–	-25,000	–	-0.78%	–
GTX	Exit	GARRETT MOTION INC	$0	–	-183,600	–	-1.24%	–
CBB	Exit	CINCINNATI BELL INC	$0	–	-104,490	–	-1.36%	–
MMAC	Exit	MMA CAPITAL MANAGEMENT LLC	$0	–	-63,815	–	-1.47%	–
GRUB	Exit	JUST EAT TAKEAWAY-SPONS ADRadrs	$0	–	-100,649	–	-1.56%	–
LMNX	Exit	LUMINEX CORP	$0	–	-50,000	–	-1.56%	–
GTXAP	Exit	GARRETT MOTION INC PFD CONV SR Arstd	$0	–	-266,027	–	-1.94%	–
MXIM	Exit	MAXIM INTEGRATED PRODUCTS	$0	–	-33,000	–	-2.95%	–
CNST	Exit	CONSTELLATION PHARMACEUTICAL	$0	–	-105,000	–	-3.01%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-22,000	–	-3.08%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-24,000	–	-3.74%	–
WORK	Exit	SLACK TECHNOLOGIES INC- CL A	$0	–	-106,000	–	-3.98%	–
PFPT	Exit	PROOFPOINT INC	$0	–	-28,000	–	-4.12%	–

Q2 2021

			Value		Shares		↓ Weighting
PFPT	New	PROOFPOINT INC	$4,865,000	–	28,000	–	4.12%	–
WORK	New	SLACK TECHNOLOGIES INC- CL A	$4,696,000	–	106,000	–	3.98%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$4,409,000	–	24,000	–	3.74%	–
NXST	New	NEXSTAR BROADCASTING GROUP-A	$4,261,000	–	28,813	–	3.61%	–
EQIX	New	EQUINIX INC	$4,080,000	–	5,083	–	3.46%	–
GBL	New	GAMCO INVESTORS INC-A	$3,740,000	–	148,998	–	3.17%	–
PRAH	New	PRA HEALTH SCIENCES INC	$3,635,000	–	22,000	–	3.08%	–
CNST	New	CONSTELLATION PHARMACEUTICAL	$3,549,000	–	105,000	–	3.01%	–
MXIM	New	MAXIM INTEGRATED PRODUCTS	$3,477,000	–	33,000	–	2.95%	–
COHR	New	COHERENT INC	$3,172,000	–	12,000	–	2.69%	–
AZO	New	AUTOZONE INC	$3,120,000	–	2,091	–	2.64%	–
GPC	New	GENUINE PARTS CO	$3,073,000	–	24,300	–	2.60%	–
PPD	New	PPD INC	$2,765,000	–	60,000	–	2.34%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,341,000	–	43,000	–	1.98%	–
GTXAP	New	GARRETT MOTION INC PFD CONV SR Arstd	$2,288,000	–	266,027	–	1.94%	–
KAR	New	KAR AUCTION SERVICES INC	$2,145,000	–	122,221	–	1.82%	–
VIAC	New	VIACOMCBS INC	$2,132,000	–	47,163	–	1.81%	–
SOLY	New	SOLITON INC	$2,024,000	–	90,000	–	1.72%	–
ROST	New	ROSS STORES INC	$1,984,000	–	16,000	–	1.68%	–
LMNX	New	LUMINEX CORP	$1,840,000	–	50,000	–	1.56%	–
GRUB	New	JUST EAT TAKEAWAY-SPONS ADRadrs	$1,838,000	–	100,649	–	1.56%	–
NXPI	New	NXP SEMICONDUCTORS NV	$1,815,000	–	8,822	–	1.54%	–
MMAC	New	MMA CAPITAL MANAGEMENT LLC	$1,733,000	–	63,815	–	1.47%	–
CBB	New	CINCINNATI BELL INC	$1,611,000	–	104,490	–	1.36%	–
MSFT	New	MICROSOFT CORP	$1,556,000	–	5,743	–	1.32%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$1,541,000	–	53,357	–	1.31%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$1,527,000	–	468,408	–	1.29%	–
AC	New	ASSOCIATED CAPITAL GROUP	$1,483,000	–	38,155	–	1.26%	–
GTX	New	GARRETT MOTION INC	$1,465,000	–	183,600	–	1.24%	–
AAPL	New	APPLE COMPUTER INC	$1,428,000	–	10,428	–	1.21%	–
TGNA	New	TEGNA INC	$1,407,000	–	75,000	–	1.19%	–
MRLN	New	MARLIN BUSINESS SERVICES	$1,285,000	–	56,465	–	1.09%	–
AMCX	New	AMC NETWORKS INC	$1,268,000	–	18,988	–	1.08%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$1,256,000	–	3	–	1.06%	–
DISCK	New	DISCOVERY INC	$1,194,000	–	41,192	–	1.01%	–
DIS	New	THE WALT DISNEY CO.	$1,143,000	–	6,500	–	0.97%	–
MCS	New	MARCUS CORPORATION	$1,076,000	–	50,710	–	0.91%	–
ELAN	New	ELANCO ANIMAL HEALTH INCORPORATED COMMON	$1,041,000	–	30,000	–	0.88%	–
JOBS	New	51JOB INC-ADRadrs	$1,011,000	–	13,000	–	0.86%	–
HOME	New	AT HOME GROUP INC	$921,000	–	25,000	–	0.78%	–
TMUS	New	T-MOBILE US INC	$903,000	–	6,234	–	0.76%	–
MSGS	New	Madison Square Garden Sports C	$863,000	–	5,000	–	0.73%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$856,000	–	8,591	–	0.72%	–
CAI	New	CAI INTERNATIONAL INC	$840,000	–	15,000	–	0.71%	–
ALSK	New	ALASKA COMM SYSTEMS GROUP	$791,000	–	237,596	–	0.67%	–
PH	New	PARKER HANNIFIN CORP	$737,000	–	2,400	–	0.62%	–
MSGN	New	MADISON SQUARE GARD-A/NEW	$736,000	–	50,503	–	0.62%	–
XLNX	New	XILINX INC	$723,000	–	5,000	–	0.61%	–
MCD	New	MCDONALDS CORP	$693,000	–	3,000	–	0.59%	–
CHNG	New	CHANGE HEALTHCARE INC	$691,000	–	30,000	–	0.59%	–
QTS	New	QTS REALTY TRUST INC-CL Areit	$683,000	–	8,834	–	0.58%	–
LGL	New	LGL GROUP INCwrnt	$678,000	–	65,154	–	0.58%	–
SANW	New	S&W SEED CO	$676,000	–	185,685	–	0.57%	–
ATH	New	ATHENE HOLDING LTD-CLASS A	$675,000	–	10,000	–	0.57%	–
GLD	New	SPDR GOLD TRUSTetf	$663,000	–	4,000	–	0.56%	–
IMAX	New	IMAX CORP	$628,000	–	29,212	–	0.53%	–
SHSP	New	SHARPSPRING INC	$618,000	–	36,607	–	0.52%	–
SBGI	New	SINCLAIR BROADCAST GROUP-A	$611,000	–	18,400	–	0.52%	–
INFO	New	IHS MARKIT LTD	$563,000	–	5,000	–	0.48%	–
DISCA	New	DISCOVERY COMMUNICATIONS-A	$547,000	–	17,821	–	0.46%	–
KNL	New	KNOLL INC	$543,000	–	20,900	–	0.46%	–
OPAU	New	MAGNUM OPUS ACQUISITION LTDunit	$500,000	–	50,000	–	0.42%	–
PMVC	New	PMV CONSUMER ACQUISITION-Awrnt	$488,000	–	50,000	–	0.41%	–
TR	New	TOOTSIE ROLL INDS	$465,000	–	13,714	–	0.39%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$463,000	–	22,692	–	0.39%	–
BOCH	New	BANK OF COMMERCE HOLDINGS	$451,000	–	30,000	–	0.38%	–
CHMA	New	CHIASMA INC	$449,000	–	94,989	–	0.38%	–
SMG	New	SCOTTS MIRACLE-GRO CO-CL A	$441,000	–	2,300	–	0.37%	–
LSXMA	New	LIBERTY SIRIUSXM GROUP	$433,000	–	9,302	–	0.37%	–
FOE	New	FERRO CORP	$431,000	–	20,000	–	0.36%	–
MSGE	New	MADISON SQUARE GARDEN ENTERT	$420,000	–	5,000	–	0.36%	–
PMBC	New	PACIFIC MERCANTILE BANCORP	$416,000	–	48,363	–	0.35%	–
GAPAU	New	G&P ACQUISITION CORPunit	$401,000	–	40,000	–	0.34%	–
MFNC	New	MACKINAC FINANCIAL CORP	$395,000	–	20,000	–	0.34%	–
IAA	New	IAA INC	$382,000	–	7,000	–	0.32%	–
WTRE	New	WATFORD HOLDINGS LTD	$360,000	–	10,276	–	0.30%	–
NAV	New	NAVISTAR INTERNATIONAL	$356,000	–	8,000	–	0.30%	–
SHEN	New	SHENANDOAH TELECOMMUN CO	$340,000	–	7,000	–	0.29%	–
FBC	New	FLAGSTAR BANCORP INC	$338,000	–	8,000	–	0.29%	–
LUB	New	LUBYS INC	$338,000	–	88,000	–	0.29%	–
CLDR	New	CLOUDERA INC	$317,000	–	20,000	–	0.27%	–
CADE	New	CADENCE BANCORP	$313,000	–	15,000	–	0.26%	–
PTOCU	New	PINE TECHNOLOGY ACQUISITIONunit	$298,000	–	30,000	–	0.25%	–
MX	New	MAGNACHIP SEMICONDUCT-DEP SH	$297,000	–	12,456	–	0.25%	–
QRTEA	New	QURATE RETAIL GROUP	$262,000	–	20,000	–	0.22%	–
LUMN	New	LUMEN TECHNOLOGIES INC	$256,000	–	18,850	–	0.22%	–
PROS	New	PROCENTURY CORP	$255,000	–	20,000	–	0.22%	–
CONE	New	CYRUSONE INCreit	$243,000	–	3,400	–	0.21%	–
SLCT	New	SELECT BANCORP INC	$242,000	–	15,000	–	0.20%	–
CIT	New	CIT GROUP INC	$232,000	–	4,500	–	0.20%	–
LBRDK	New	LIBERTY BROADBAND-C	$231,000	–	1,332	–	0.20%	–
NFH	New	NEW FRONTIER HEALTH CORP	$223,000	–	20,000	–	0.19%	–
FOXA	New	FOX CORP - CLASS A	$223,000	–	6,000	–	0.19%	–
KDP	New	KEURIG DR PEPPER INC	$211,000	–	6,000	–	0.18%	–
TWNTU	New	TAILWIND TWO ACQUISITION CORunit	$200,000	–	20,000	–	0.17%	–
PFBI	New	PREMIER FINANCIAL BANCORP	$169,000	–	10,000	–	0.14%	–
ESXB	New	COMMUNITY BANKERS TRUST CORP	$136,000	–	12,000	–	0.12%	–
DSSI	New	DIAMOND S SHIPPING INC	$111,000	–	11,099	–	0.09%	–

Q4 2020

			Value		Shares		↓ Weighting
AHC	Exit	AH BELO CORP-A	$0	–	-22,374	–	-0.04%	–
FIT	Exit	FITBIT INC - A	$0	–	-10,000	–	-0.08%	–
CETV	Exit	CENTRAL EUROPEAN MEDIA ENT-A	$0	–	-33,254	–	-0.16%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-12,221	–	-0.20%	–
GRPN	Exit	GROUPON INC	$0	–	-10,899	–	-0.25%	–
CONE	Exit	CYRUSONE INCreit	$0	–	-3,400	–	-0.27%	–
LUB	Exit	LUBYS INC	$0	–	-88,000	–	-0.29%	–
CAR	Exit	AVIS BUDGET GROUP INC	$0	–	-10,000	–	-0.30%	–
JCAP	Exit	JERNIGAN CAPITAL INCreit	$0	–	-15,612	–	-0.30%	–
LGL	Exit	LGL GROUP INC	$0	–	-32,577	–	-0.33%	–
SHEN	Exit	SHENANDOAH TELECOMMUN CO	$0	–	-7,000	–	-0.35%	–
MSGE	Exit	MADISON SQUARE GARDEN ENTERT	$0	–	-5,000	–	-0.39%	–
IAA	Exit	IAA INC	$0	–	-7,000	–	-0.41%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INCORPORATED COMMON	$0	–	-13,500	–	-0.43%	–
HAS	Exit	HASBRO INC	$0	–	-5,000	–	-0.47%	–
FOXA	Exit	FOX CORP - CLASS A	$0	–	-15,490	–	-0.49%	–
MCS	Exit	MARCUS CORPORATION	$0	–	-57,710	–	-0.51%	–
SANW	Exit	S&W SEED CO	$0	–	-185,685	–	-0.52%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP-A	$0	–	-27,400	–	-0.60%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-52,850	–	-0.60%	–
CBB	Exit	CINCINNATI BELL INC	$0	–	-35,867	–	-0.61%	–
INWK	Exit	INNERWORKINGS INC	$0	–	-200,000	–	-0.68%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP-A	$0	–	-34,774	–	-0.69%	–
BITA	Exit	BITAUTO HOLDINGS LTD-ADRadrs	$0	–	-38,748	–	-0.69%	–
SMG	Exit	SCOTTS MIRACLE-GRO CO-CL A	$0	–	-4,300	–	-0.75%	–
MSGN	Exit	MADISON SQUARE GARD-A/NEW	$0	–	-70,803	–	-0.77%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-61,488	–	-0.80%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-6,234	–	-0.81%	–
CBMG	Exit	CELLULAR BIOMEDICINE GROUP I	$0	–	-40,000	–	-0.83%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURI	$0	–	-8,591	–	-0.84%	–
MSGS	Exit	MADISON SQUARE GRDN SPRT COR	$0	–	-5,000	–	-0.85%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-4,000	–	-0.92%	–
RESI	Exit	FRONT YARD RESIDENTIAL CORP	$0	–	-94,531	–	-0.94%	–
NGHC	Exit	NATIONAL GENERAL HOLDING CORP	$0	–	-25,000	–	-0.96%	–
TR	Exit	TOOTSIE ROLL INDS	$0	–	-27,616	–	-0.97%	–
RST	Exit	ROSETTA STONE INC	$0	–	-29,202	–	-0.99%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS-A	$0	–	-41,029	–	-1.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-3	–	-1.09%	–
TGNA	Exit	TEGNA INC	$0	–	-82,000	–	-1.10%	–
MXIM	Exit	MAXIM INTEGRATED PRODUCTS	$0	–	-15,000	–	-1.15%	–
VAR	Exit	VARIAN MEDICAL SYSTEMS INC	$0	–	-6,000	–	-1.17%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,000	–	-1.25%	–
TCO	Exit	TAUBMAN CENTERS INCreit	$0	–	-33,000	–	-1.25%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-9,122	–	-1.29%	–
TIF	Exit	TIFFANY & COcall	$0	–	-10,000	–	-1.32%	–
DIS	Exit	THE WALT DISNEY CO.	$0	–	-9,500	–	-1.34%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-10,528	–	-1.38%	–
DISCK	Exit	DISCOVERY INC	$0	–	-63,492	–	-1.41%	–
NTIP	Exit	NETWORK-1 SECURITY SOLUTIONS	$0	–	-471,908	–	-1.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,043	–	-1.44%	–
AC	Exit	ASSOCIATED CAPITAL GROUP	$0	–	-38,155	–	-1.57%	–
HUD	Exit	HUDSON LTD-CLASS A	$0	–	-200,000	–	-1.73%	–
ONDK	Exit	ON DECK CAPITAL INC	$0	–	-1,031,655	–	-1.88%	–
ROST	Exit	ROSS STORES INC	$0	–	-18,000	–	-1.91%	–
LVGO	Exit	LIVONGO HEALTH INC	$0	–	-12,000	–	-1.91%	–
GBL	Exit	GAMCO INVESTORS INC-A	$0	–	-148,998	–	-1.96%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-10,000	–	-2.01%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-71,758	–	-2.01%	–
ADSW	Exit	ADVANCED DISPOSAL SERVICES I	$0	–	-65,000	–	-2.23%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC	$0	–	-10,000	–	-2.37%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-26,300	–	-2.84%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLC	$0	–	-150,000	–	-2.85%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP-A	$0	–	-28,813	–	-2.94%	–
AZO	Exit	AUTOZONE INC	$0	–	-2,441	–	-3.26%	–
ACIA	Exit	ACACIA COMMUNICATIONS INC	$0	–	-44,000	–	-3.37%	–
TIF	Exit	TIFFANY & CO	$0	–	-26,000	–	-3.42%	–
WMGI	Exit	WRIGHT MEDICAL GROUP	$0	–	-100,000	–	-3.47%	–
AIMT	Exit	AIMMUNE THERAPEUTICS INC	$0	–	-90,000	–	-3.52%	–
MNTA	Exit	MOMENTA PHARMACEUTICALS INC	$0	–	-60,000	–	-3.58%	–
VIAC	Exit	VIACOMCBS INC	$0	–	-127,463	–	-4.06%	–
EQIX	Exit	EQUINIX INC	$0	–	-5,283	–	-4.56%	–
IMMU	Exit	IMMUNOMEDICS INC	$0	–	-50,000	–	-4.83%	–

Q3 2020

			Value		Shares		↓ Weighting
IMMU	New	IMMUNOMEDICS INC	$4,252,000	–	50,000	–	4.83%	–
MNTA	New	MOMENTA PHARMACEUTICALS INC	$3,149,000	–	60,000	–	3.58%	–
AIMT	New	AIMMUNE THERAPEUTICS INC	$3,101,000	–	90,000	–	3.52%	–
WMGI	Buy	WRIGHT MEDICAL GROUP	$3,054,000	+242.4%	100,000	+233.3%	3.47%	+217.4%
TIF	Sell	TIFFANY & CO	$3,012,000	-14.8%	26,000	-10.3%	3.42%	-21.1%
ACIA	Buy	ACACIA COMMUNICATIONS INC	$2,966,000	+159.7%	44,000	+158.8%	3.37%	+140.6%
DLPH	Buy	DELPHI TECHNOLOGIES PLC	$2,507,000	+60.4%	150,000	+36.4%	2.85%	+48.6%
WLTW	New	WILLIS TOWERS WATSON PLC	$2,088,000	–	10,000	–	2.37%	–
AMCX	Buy	AMC NETWORKS INC	$1,773,000	+46.4%	71,758	+38.6%	2.01%	+35.6%
LVGO	New	LIVONGO HEALTH INC	$1,681,000	–	12,000	–	1.91%	–
ONDK	New	ON DECK CAPITAL INC	$1,651,000	–	1,031,655	–	1.88%	–
HUD	New	HUDSON LTD-CLASS A	$1,520,000	–	200,000	–	1.73%	–
MSFT	Sell	MICROSOFT CORP	$1,271,000	-22.4%	6,043	-24.9%	1.44%	-28.1%
AAPL	Buy	APPLE COMPUTER INC	$1,219,000	-4.0%	10,528	+202.4%	1.38%	-11.0%
TIF	New	TIFFANY & COcall	$1,159,000	–	10,000	–	1.32%	–
VAR	New	VARIAN MEDICAL SYSTEMS INC	$1,032,000	–	6,000	–	1.17%	–
MXIM	New	MAXIM INTEGRATED PRODUCTS	$1,014,000	–	15,000	–	1.15%	–
RST	New	ROSETTA STONE INC	$875,000	–	29,202	–	0.99%	–
NGHC	New	NATIONAL GENERAL HOLDING CORP	$844,000	–	25,000	–	0.96%	–
RESI	Sell	FRONT YARD RESIDENTIAL CORP	$826,000	-36.5%	94,531	-36.8%	0.94%	-41.2%
CBMG	New	CELLULAR BIOMEDICINE GROUP I	$734,000	–	40,000	–	0.83%	–
TMUS	New	T-MOBILE US INC	$713,000	–	6,234	–	0.81%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$703,000	–	61,488	–	0.80%	–
SMG	Sell	SCOTTS MIRACLE-GRO CO-CL A	$658,000	-2.1%	4,300	-14.0%	0.75%	-9.3%
BITA	New	BITAUTO HOLDINGS LTD-ADRadrs	$610,000	–	38,748	–	0.69%	–
PAHC	Buy	PHIBRO ANIMAL HEALTH CORP-A	$605,000	+105.8%	34,774	+211.2%	0.69%	+90.8%
INWK	New	INNERWORKINGS INC	$598,000	–	200,000	–	0.68%	–
CBB	New	CINCINNATI BELL INC	$538,000	–	35,867	–	0.61%	–
SBGI	New	SINCLAIR BROADCAST GROUP-A	$527,000	–	27,400	–	0.60%	–
SANW	Sell	S&W SEED CO	$461,000	+4.3%	185,685	-4.1%	0.52%	-3.3%
MCS	Sell	MARCUS CORPORATION	$446,000	-66.4%	57,710	-42.3%	0.51%	-68.8%
FOXA	New	FOX CORP - CLASS A	$431,000	–	15,490	–	0.49%	–
ELAN	New	ELANCO ANIMAL HEALTH INCORPORATED COMMON	$377,000	–	13,500	–	0.43%	–
JCAP	New	JERNIGAN CAPITAL INCreit	$268,000	–	15,612	–	0.30%	–
LUB	New	LUBYS INC	$252,000	–	88,000	–	0.29%	–
CONE	Sell	CYRUSONE INCreit	$238,000	-18.2%	3,400	-15.0%	0.27%	-24.4%
FIT	New	FITBIT INC - A	$70,000	–	10,000	–	0.08%	–
FSB	Exit	FRANKLIN FINANCIAL NETWORK	$0	–	-10,000	–	-0.32%	–
SDI	Exit	STANDARD DIVERSIFIED OPPOR-A	$0	–	-24,714	–	-0.39%	–
GTX	Exit	GARRETT MOTION INC	$0	–	-68,600	–	-0.47%	–
MCS	Exit	MARCUS CORPORATIONcall	$0	–	-35,910	–	-0.58%	–
TMUS	Exit	T-MOBILE US INCcall	$0	–	-5,938	–	-0.76%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS INC	$0	–	-40,000	–	-0.88%	–
MEET	Exit	MEETME INC	$0	–	-150,000	–	-1.15%	–
LM	Exit	LEGG MASON INC	$0	–	-30,000	–	-1.83%	–
FSCT	Exit	FORESCOUT TECHNOLOGIES INC	$0	–	-82,784	–	-2.15%	–
BREW	Exit	CRAFT BREW ALLIANCE INC	$0	–	-120,000	–	-2.26%	–
LOGM	Exit	LOGMEIN INC	$0	–	-22,000	–	-2.29%	–
MGM	Exit	MGM RESORTS INTERNATIONALcall	$0	–	-125,000	–	-2.57%	–
GE	Exit	GENERAL ELECTRIC COcall	$0	–	-400,000	–	-3.35%	–
CZR	Exit	CAESARS ENTERTAINMENT-IPO	$0	–	-250,000	–	-3.72%	–
F	Exit	FORD MOTOR COcall	$0	–	-600,000	–	-4.47%	–
WUBA	Exit	58 COM INCspon adr rep a	$0	–	-101,000	–	-6.68%	–

Q2 2020

			Value		Shares		↓ Weighting
WUBA	New	58 COM INCspon adr rep a	$5,448,000	–	101,000	–	6.68%	–
EQIX	New	EQUINIX INC	$3,710,000	–	5,283	–	4.55%	–
F	New	FORD MOTOR COcall	$3,648,000	–	600,000	–	4.47%	–
TIF	New	TIFFANY & CO	$3,536,000	–	29,000	–	4.34%	–
CZR	New	CAESARS ENTERTAINMENT-IPO	$3,033,000	–	250,000	–	3.72%	–
VIAC	New	VIACOMCBS INC	$2,972,000	–	127,463	–	3.64%	–
AZO	New	AUTOZONE INC	$2,754,000	–	2,441	–	3.38%	–
GE	New	GENERAL ELECTRIC COcall	$2,732,000	–	400,000	–	3.35%	–
NXST	New	NEXSTAR BROADCASTING GROUP-A	$2,411,000	–	28,813	–	2.96%	–
GPC	New	GENUINE PARTS CO	$2,287,000	–	26,300	–	2.80%	–
MGM	New	MGM RESORTS INTERNATIONALcall	$2,100,000	–	125,000	–	2.57%	–
GBL	New	GAMCO INVESTORS INC-A	$1,983,000	–	148,998	–	2.43%	–
ADSW	New	ADVANCED DISPOSAL SERVICES I	$1,961,000	–	65,000	–	2.40%	–
LOGM	New	LOGMEIN INC	$1,865,000	–	22,000	–	2.29%	–
BREW	New	CRAFT BREW ALLIANCE INC	$1,847,000	–	120,000	–	2.26%	–
FSCT	New	FORESCOUT TECHNOLOGIES INC	$1,755,000	–	82,784	–	2.15%	–
GLD	New	SPDR GOLD TRUST	$1,674,000	–	10,000	–	2.05%	–
MSFT	New	MICROSOFT CORP	$1,637,000	–	8,043	–	2.01%	–
DLPH	New	DELPHI TECHNOLOGIES PLC	$1,563,000	–	110,000	–	1.92%	–
ROST	New	ROSS STORES INC	$1,534,000	–	18,000	–	1.88%	–
LM	New	LEGG MASON INC	$1,493,000	–	30,000	–	1.83%	–
AC	New	ASSOCIATED CAPITAL GROUP	$1,400,000	–	38,155	–	1.72%	–
MCS	New	MARCUS CORPORATION	$1,327,000	–	100,000	–	1.63%	–
RESI	New	FRONT YARD RESIDENTIAL CORP	$1,301,000	–	149,531	–	1.60%	–
AAPL	New	APPLE COMPUTER INC	$1,270,000	–	3,482	–	1.56%	–
TCO	New	TAUBMAN CENTERS INCreit	$1,246,000	–	33,000	–	1.53%	–
DISCK	New	DISCOVERY INC	$1,223,000	–	63,492	–	1.50%	–
AMCX	New	AMC NETWORKS INC	$1,211,000	–	51,758	–	1.48%	–
ACIA	New	ACACIA COMMUNICATIONS INC	$1,142,000	–	17,000	–	1.40%	–
DIS	New	THE WALT DISNEY CO.	$1,059,000	–	9,500	–	1.30%	–
NXPI	New	NXP SEMICONDUCTORS NV	$1,040,000	–	9,122	–	1.28%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$1,022,000	–	471,908	–	1.25%	–
TR	New	TOOTSIE ROLL INDS	$946,000	–	27,616	–	1.16%	–
MEET	New	MEETME INC	$936,000	–	150,000	–	1.15%	–
MCD	New	MCDONALDS CORP	$922,000	–	5,000	–	1.13%	–
TGNA	New	TEGNA INC	$913,000	–	82,000	–	1.12%	–
WMGI	New	WRIGHT MEDICAL GROUP	$892,000	–	30,000	–	1.09%	–
DISCA	New	DISCOVERY COMMUNICATIONS-A	$866,000	–	41,029	–	1.06%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$802,000	–	3	–	0.98%	–
MSGS	New	MADISON SQUARE GRDN SPRT COR	$734,000	–	5,000	–	0.90%	–
PH	New	PARKER HANNIFIN CORP	$733,000	–	4,000	–	0.90%	–
PTLA	New	PORTOLA PHARMACEUTICALS INC	$720,000	–	40,000	–	0.88%	–
MSGN	New	MADISON SQUARE GARD-A/NEW	$704,000	–	70,803	–	0.86%	–
SMG	New	SCOTTS MIRACLE-GRO CO-CL A	$672,000	–	5,000	–	0.82%	–
TMUS	New	T-MOBILE US INCcall	$618,000	–	5,938	–	0.76%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$549,000	–	8,591	–	0.67%	–
LUMN	New	CENTURYLINK INC	$530,000	–	52,850	–	0.65%	–
MCS	New	MARCUS CORPORATIONcall	$477,000	–	35,910	–	0.58%	–
SANW	New	S&W SEED CO	$442,000	–	193,655	–	0.54%	–
GTX	New	GARRETT MOTION INC	$380,000	–	68,600	–	0.47%	–
MSGE	New	MADISON SQUARE GARDEN ENTERT	$375,000	–	5,000	–	0.46%	–
HAS	New	HASBRO INC	$375,000	–	5,000	–	0.46%	–
SHEN	New	SHENANDOAH TELECOMMUN CO	$345,000	–	7,000	–	0.42%	–
SDI	New	STANDARD DIVERSIFIED OPPOR-A	$319,000	–	24,714	–	0.39%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$294,000	–	11,174	–	0.36%	–
CONE	New	CYRUSONE INCreit	$291,000	–	4,000	–	0.36%	–
LGL	New	LGL GROUP INC	$277,000	–	32,577	–	0.34%	–
IAA	New	IAA INC	$270,000	–	7,000	–	0.33%	–
FSB	New	FRANKLIN FINANCIAL NETWORK	$258,000	–	10,000	–	0.32%	–
CAR	New	AVIS BUDGET GROUP INC	$229,000	–	10,000	–	0.28%	–
GRPN	New	GROUPON INC	$197,000	–	10,899	–	0.24%	–
KAR	New	KAR AUCTION SERVICES INC	$168,000	–	12,221	–	0.21%	–
CETV	New	CENTRAL EUROPEAN MEDIA ENT-A	$118,000	–	33,254	–	0.14%	–
AHC	New	AH BELO CORP-A	$39,000	–	22,374	–	0.05%	–

Q4 2019

			Value		Shares		↓ Weighting
FCSC	Exit	FIBROCELL SCIENCE INC	$0	–	-11,590	–	-0.04%	–
CETV	Exit	CENTRAL EUROPEAN MEDIA ENT-A	$0	–	-10,965	–	-0.05%	–
PRTS	Exit	US AUTO PARTS NETWORK INC	$0	–	-38,270	–	-0.06%	–
SMTA	Exit	SPIRIT MTA REITreit	$0	–	-153,000	–	-0.12%	–
EEI	Exit	ECOLOGY AND ENVIRON -CL A	$0	–	-11,152	–	-0.18%	–
NYNY	Exit	EMPIRE RESORTS INC	$0	–	-19,256	–	-0.20%	–
AHC	Exit	AH BELO CORP-A	$0	–	-57,595	–	-0.22%	–
IAA	Exit	IAA INC	$0	–	-5,721	–	-0.23%	–
LEA	Exit	LEAR CORP	$0	–	-1,926	–	-0.24%	–
LSXMA	Exit	LIBERTY SIRIUSXM GROUP	$0	–	-5,102	–	-0.24%	–
FOXA	Exit	FOX CORP - CLASS A	$0	–	-7,490	–	-0.26%	–
SHEN	Exit	SHENANDOAH TELECOMMUN CO	$0	–	-9,000	–	-0.30%	–
ACIA	Exit	ACACIA COMMUNICATIONS INC	$0	–	-5,000	–	-0.35%	–
CBS	Exit	CBS CORP-CLASS B	$0	–	-9,250	–	-0.36%	–
PB	Exit	PROSPERITY BANCSHARES INC	$0	–	-5,280	–	-0.39%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-29,646	–	-0.43%	–
CONE	Exit	CYRUSONE INCreit	$0	–	-5,779	–	-0.43%	–
LGL	Exit	LGL GROUP INC	$0	–	-35,477	–	-0.43%	–
PVTL	Exit	PIVOTAL SOFTWARE INC - CL A	$0	–	-30,000	–	-0.47%	–
SANW	Exit	S&W SEED CO	$0	–	-205,528	–	-0.50%	–
VIA	Exit	VIACOM INC-CLASS A	$0	–	-19,525	–	-0.50%	–
NWSA	Exit	NEWS CORP/NEW-CL A	$0	–	-34,965	–	-0.50%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-5,938	–	-0.51%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURI	$0	–	-8,591	–	-0.55%	–
SMG	Exit	SCOTTS MIRACLE-GRO CO-CL A	$0	–	-5,500	–	-0.58%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP-A	$0	–	-14,734	–	-0.62%	–
DIS	Exit	THE WALT DISNEY CO.	$0	–	-4,480	–	-0.62%	–
TRCB	Exit	TWO RIVER BANCORP	$0	–	-30,000	–	-0.66%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-2	–	-0.68%	–
AVDR	Exit	AVEDRO INC	$0	–	-30,000	–	-0.75%	–
VSI	Exit	VITAMIN SHOPPE INC	$0	–	-115,800	–	-0.79%	–
WAIR	Exit	WESCO AIRCRAFT HOLDINGS INC	$0	–	-69,689	–	-0.81%	–
ONCE	Exit	SPARK THERAPEUTICS INC	$0	–	-7,000	–	-0.81%	–
PNTR	Exit	POINTER TELOCATION LTD	$0	–	-54,160	–	-0.87%	–
PSDO	Exit	PRESIDIO INC	$0	–	-50,000	–	-0.87%	–
GTX	Exit	GARRETT MOTION INC	$0	–	-83,800	–	-0.88%	–
GOGO	Exit	GOGO INC	$0	–	-140,949	–	-0.91%	–
GCI	Exit	GANNETT CO INC	$0	–	-90,158	–	-1.02%	–
TR	Exit	TOOTSIE ROLL INDS	$0	–	-28,754	–	-1.03%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-4,162	–	-1.12%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-9,400	–	-1.12%	–
NTIP	Exit	NETWORK-1 SECURITY SOLUTIONS	$0	–	-483,008	–	-1.13%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-150,000	–	-1.15%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-82,850	–	-1.16%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS-A	$0	–	-41,029	–	-1.17%	–
INXN	Exit	INTERXION HOLDING NV	$0	–	-13,376	–	-1.23%	–
GBL	Exit	GAMCO INVESTORS INC-A	$0	–	-72,544	–	-1.24%	–
ENFC	Exit	ENTEGRA FINANCIAL CORP	$0	–	-39,407	–	-1.24%	–
FEYE	Exit	FIREEYE INC	$0	–	-76,000	–	-1.28%	–
MCRN	Exit	MILACRON HOLDINGS CORP	$0	–	-75,000	–	-1.33%	–
CARS	Exit	CARS.COM INC	$0	–	-106,666	–	-1.34%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-9,843	–	-1.48%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-13,700	–	-1.50%	–
CZR	Exit	CAESARS ENTERTAINMENT-IPO	$0	–	-120,000	–	-1.56%	–
MSGS	Exit	MADISON SQUARE GARDEN COMPANY (THE) CL A	$0	–	-5,953	–	-1.69%	–
ZAYO	Exit	ZAYO GROUP HOLDINGS INC	$0	–	-50,000	–	-1.80%	–
AC	Exit	ASSOCIATED CAPITAL GROUP	$0	–	-42,983	–	-1.84%	–
MSGN	Exit	MADISON SQUARE GARD-A/NEW	$0	–	-108,803	–	-1.90%	–
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-80,100	–	-1.96%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP-A	$0	–	-77,036	–	-1.96%	–
NIHD	Exit	NII HOLDINGS INC	$0	–	-1,000,000	–	-1.98%	–
TGNA	Exit	TEGNA INC	$0	–	-133,554	–	-2.13%	–
FIT	Exit	FITBIT INC - A	$0	–	-300,000	–	-2.25%	–
DISCK	Exit	DISCOVERY INC	$0	–	-84,492	–	-2.26%	–
ROST	Exit	ROSS STORES INC	$0	–	-19,700	–	-2.29%	–
GWR	Exit	GENESEE & WYOMING INC-CL A	$0	–	-20,000	–	-2.34%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-21,272	–	-2.63%	–
VIAB	Exit	VIACOM INC-CLASS B	$0	–	-129,101	–	-2.98%	–
CBM	Exit	CAMBREX CORP	$0	–	-50,000	–	-3.14%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP-A	$0	–	-30,813	–	-3.16%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-81,298	–	-3.67%	–
AGN	Exit	ALLERGAN PLC	$0	–	-21,400	–	-4.00%	–
EQIX	Exit	EQUINIX INC	$0	–	-7,383	–	-4.35%	–
AZO	Exit	AUTOZONE INC	$0	–	-4,000	–	-4.85%	–
CELG	Exit	CELGENE CORP	$0	–	-73,000	–	-8.31%	–

Q3 2019

			Value		Shares		↓ Weighting
CELG	Buy	CELGENE CORP	$7,923,000	+99.3%	73,000	+69.8%	8.31%	+156.8%
AZO	Sell	AUTOZONE INC	$4,625,000	-19.1%	4,000	-23.1%	4.85%	+4.2%
EQIX	Sell	EQUINIX INC	$4,151,000	+8.6%	7,383	-2.6%	4.35%	+39.8%
AMCX	Buy	AMC NETWORKS INC	$3,502,000	+5.4%	81,298	+33.3%	3.67%	+35.7%
CBM	New	CAMBREX CORP	$2,990,000	–	50,000	–	3.14%	–
VIAB	Sell	VIACOM INC-CLASS B	$2,839,000	-66.7%	129,101	-54.7%	2.98%	-57.1%
NXPI	Sell	NXP SEMICONDUCTORS NV	$2,510,000	+14.5%	21,272	-5.3%	2.63%	+47.4%
GWR	New	GENESEE & WYOMING INC-CL A	$2,226,000	–	20,000	–	2.34%	–
ROST	Sell	ROSS STORES INC	$2,187,000	+9.8%	19,700	-2.0%	2.29%	+41.4%
DISCK	Sell	DISCOVERY INC	$2,154,000	-12.5%	84,492	-2.3%	2.26%	+12.7%
FIT	New	FITBIT INC - A	$2,142,000	–	300,000	–	2.25%	–
TGNA	Buy	TEGNA INC	$2,034,000	+21.0%	133,554	+20.4%	2.13%	+55.9%
NIHD	New	NII HOLDINGS INC	$1,890,000	–	1,000,000	–	1.98%	–
PAHC	Buy	PHIBRO ANIMAL HEALTH CORP-A	$1,873,000	+90.0%	77,036	+148.2%	1.96%	+144.7%
CY	Buy	CYPRESS SEMICONDUCTOR CORP	$1,864,000	+67.6%	80,100	+60.2%	1.96%	+115.8%
MSGN	Buy	MADISON SQUARE GARD-A/NEW	$1,808,000	-12.7%	108,803	+9.0%	1.90%	+12.5%
ZAYO	Buy	ZAYO GROUP HOLDINGS INC	$1,711,000	+30.0%	50,000	+25.0%	1.80%	+67.4%
CZR	New	CAESARS ENTERTAINMENT-IPO	$1,482,000	–	120,000	–	1.56%	–
GPC	Sell	GENUINE PARTS CO	$1,435,000	-5.8%	13,700	-6.8%	1.50%	+21.4%
MSFT	Sell	MICROSOFT CORP	$1,415,000	+1.1%	9,843	-5.7%	1.48%	+30.3%
CARS	Buy	CARS.COM INC	$1,282,000	+75.4%	106,666	+187.6%	1.34%	+126.1%
MCRN	New	MILACRON HOLDINGS CORP	$1,266,000	–	75,000	–	1.33%	–
FEYE	New	FIREEYE INC	$1,224,000	–	76,000	–	1.28%	–
GBL	Buy	GAMCO INVESTORS INC-A	$1,178,000	-15.2%	72,544	+0.1%	1.24%	+9.3%
INXN	Buy	INTERXION HOLDING NV	$1,174,000	+20.8%	13,376	+4.7%	1.23%	+55.4%
LUMN	Sell	CENTURYLINK INC	$1,104,000	-22.3%	82,850	-31.4%	1.16%	+0.1%
CRZO	New	CARRIZO OIL & GAS INC	$1,098,000	–	150,000	–	1.15%	–
MLNX	Sell	MELLANOX TECHNOLOGIES LTD	$1,069,000	-19.5%	9,400	-21.7%	1.12%	+3.6%
AAPL	Sell	APPLE COMPUTER INC	$1,065,000	+26.2%	4,162	-2.3%	1.12%	+62.6%
TR	Sell	TOOTSIE ROLL INDS	$979,000	-8.4%	28,754	-0.7%	1.03%	+17.9%
GCI	New	GANNETT CO INC	$968,000	–	90,158	–	1.02%	–
GOGO	Sell	GOGO INC	$870,000	+20.3%	140,949	-22.4%	0.91%	+55.0%
GTX	Buy	GARRETT MOTION INC	$835,000	+442.2%	83,800	+738.0%	0.88%	+600.8%
PSDO	New	PRESIDIO INC	$829,000	–	50,000	–	0.87%	–
ONCE	Sell	SPARK THERAPEUTICS INC	$769,000	-80.7%	7,000	-82.1%	0.81%	-75.2%
WAIR	New	WESCO AIRCRAFT HOLDINGS INC	$768,000	–	69,689	–	0.81%	–
VSI	New	VITAMIN SHOPPE INC	$752,000	–	115,800	–	0.79%	–
AVDR	New	AVEDRO INC	$716,000	–	30,000	–	0.75%	–
TRCB	New	TWO RIVER BANCORP	$628,000	–	30,000	–	0.66%	–
DIS	Sell	THE WALT DISNEY CO.	$595,000	-14.4%	4,480	-10.0%	0.62%	+10.2%
SBGI	Buy	SINCLAIR BROADCAST GROUP-A	$592,000	+10.4%	14,734	+47.3%	0.62%	+42.1%
SMG	Sell	SCOTTS MIRACLE-GRO CO-CL A	$551,000	-1.8%	5,500	-3.5%	0.58%	+26.5%
FBHS	Sell	FORTUNE BRANDS HOME & SECURI	$527,000	-0.8%	8,591	-7.5%	0.55%	+28.0%
TMUS	Sell	T-MOBILE US INC	$490,000	+7.7%	5,938	-3.3%	0.51%	+38.5%
NWSA	Sell	NEWS CORP/NEW-CL A	$481,000	-31.4%	34,965	-32.7%	0.50%	-11.6%
PVTL	New	PIVOTAL SOFTWARE INC - CL A	$450,000	–	30,000	–	0.47%	–
LGL	Sell	LGL GROUP INC	$413,000	+41.0%	35,477	-1.4%	0.43%	+81.2%
CONE	Sell	CYRUSONE INCreit	$411,000	+5.1%	5,779	-14.8%	0.43%	+35.5%
SSP	Buy	SCRIPPS E W CO OHIO CL A NEW	$406,000	-2.9%	29,646	+8.4%	0.43%	+25.3%
PB	New	PROSPERITY BANCSHARES INC	$376,000	–	5,280	–	0.39%	–
CBS	Sell	CBS CORP-CLASS B	$340,000	-70.4%	9,250	-59.8%	0.36%	-61.8%
ACIA	New	ACACIA COMMUNICATIONS INC	$331,000	–	5,000	–	0.35%	–
LSXMA	New	LIBERTY SIRIUSXM GROUP	$233,000	–	5,102	–	0.24%	–
LEA	New	LEAR CORP	$231,000	–	1,926	–	0.24%	–
IAA	Sell	IAA INC	$221,000	-95.6%	5,721	-95.6%	0.23%	-94.4%
AHC	Sell	AH BELO CORP-A	$207,000	-5.9%	57,595	-3.4%	0.22%	+21.2%
NYNY	New	EMPIRE RESORTS INC	$188,000	–	19,256	–	0.20%	–
EEI	New	ECOLOGY AND ENVIRON -CL A	$168,000	–	11,152	–	0.18%	–
PRTS	Sell	US AUTO PARTS NETWORK INC	$61,000	+10.9%	38,270	-13.4%	0.06%	+42.2%
FCSC	New	FIBROCELL SCIENCE INC	$35,000	–	11,590	–	0.04%	–
SIRI	Exit	SIRIUS XM RADIO INC	$0	–	-10,000	–	-0.05%	–
AQ	Exit	AQUANTIA CORP	$0	–	-20,000	–	-0.21%	–
BID	Exit	SOTHEBYS	$0	–	-5,000	–	-0.24%	–
EFII	Exit	ELECTRONICS FOR IMAGING	$0	–	-10,000	–	-0.30%	–
MBTF	Exit	MBT FINANCIAL CORP	$0	–	-40,000	–	-0.33%	–
LTXB	Exit	LEGACYTEXAS FINANCIAL GROUP INC	$0	–	-10,000	–	-0.33%	–
ASV	Exit	ASV LLC	$0	–	-72,700	–	-0.41%	–
CJ	Exit	C&J ENERGY SERVICES INC	$0	–	-50,000	–	-0.48%	–
UQM	Exit	UQM TECHNOLOGIES INC	$0	–	-411,000	–	-0.55%	–
CTRL	Exit	CONTROL4 CORP	$0	–	-30,100	–	-0.58%	–
VSM	Exit	VERSUM MATERIALS INC	$0	–	-17,000	–	-0.71%	–
LLL	Exit	L-3 COMMUNICATIONS HOLDINGS	$0	–	-4,000	–	-0.80%	–
WAGE	Exit	WAGEWORKS INC	$0	–	-20,000	–	-0.83%	–
LABL	Exit	MULTI-COLOR CORP	$0	–	-24,000	–	-0.98%	–
FNSR	Exit	FINISAR CORPORATION	$0	–	-80,000	–	-1.49%	–
LEXEA	Exit	LIBERTY EXPEDIA HOLD-A	$0	–	-60,000	–	-2.34%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-123,877	–	-2.52%	–
DATA	Exit	TABLEAU SOFTWARE INC-CL A	$0	–	-20,000	–	-2.70%	–
ARRY	Exit	ARRAY BIOPHARMA INC	$0	–	-85,000	–	-3.21%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-60,000	–	-3.45%	–
TRCO	Exit	TRIBUNE MEDIA COMPANY	$0	–	-116,000	–	-4.37%	–
RHT	Exit	RED HAT INC	$0	–	-30,710	–	-4.70%	–

Q2 2019

			Value		Shares		↓ Weighting
VIAB	New	VIACOM INC-CLASS B	$8,522,000	–	285,301	–	6.94%	–
RHT	New	RED HAT INC	$5,766,000	–	30,710	–	4.70%	–
AZO	New	AUTOZONE INC	$5,717,000	–	5,200	–	4.66%	–
TRCO	New	TRIBUNE MEDIA COMPANY	$5,362,000	–	116,000	–	4.37%	–
IAA	New	IAA INC	$5,065,000	–	130,598	–	4.12%	–
APC	New	ANADARKO PETROLEUM CORP	$4,234,000	–	60,000	–	3.45%	–
ONCE	New	SPARK THERAPEUTICS INC	$3,993,000	–	39,000	–	3.25%	–
CELG	New	CELGENE CORP	$3,975,000	–	43,000	–	3.24%	–
ARRY	New	ARRAY BIOPHARMA INC	$3,938,000	–	85,000	–	3.21%	–
EQIX	New	EQUINIX INC	$3,824,000	–	7,583	–	3.11%	–
AGN	New	ALLERGAN PLC	$3,583,000	–	21,400	–	2.92%	–
AMCX	New	AMC NETWORKS INC	$3,324,000	–	61,008	–	2.71%	–
DATA	New	TABLEAU SOFTWARE INC-CL A	$3,320,000	–	20,000	–	2.70%	–
NXST	New	NEXSTAR BROADCASTING GROUP-A	$3,112,000	–	30,813	–	2.54%	–
KAR	New	KAR AUCTION SERVICES INC	$3,097,000	–	123,877	–	2.52%	–
LEXEA	New	LIBERTY EXPEDIA HOLD-A	$2,867,000	–	60,000	–	2.34%	–
DISCK	New	DISCOVERY INC	$2,461,000	–	86,492	–	2.00%	–
NXPI	New	NXP SEMICONDUCTORS NV	$2,193,000	–	22,472	–	1.79%	–
MSGN	New	MADISON SQUARE GARD-A/NEW	$2,070,000	–	99,807	–	1.69%	–
ROST	New	ROSS STORES INC	$1,992,000	–	20,100	–	1.62%	–
FNSR	New	FINISAR CORPORATION	$1,830,000	–	80,000	–	1.49%	–
TGNA	New	TEGNA INC	$1,681,000	–	110,954	–	1.37%	–
MSGS	New	MADISON SQUARE GARDEN COMPANY (THE) CL A	$1,666,000	–	5,953	–	1.36%	–
AC	New	ASSOCIATED CAPITAL GROUP	$1,608,000	–	42,983	–	1.31%	–
GPC	New	GENUINE PARTS CO	$1,523,000	–	14,700	–	1.24%	–
LUMN	New	CENTURYLINK INC	$1,421,000	–	120,850	–	1.16%	–
MSFT	New	MICROSOFT CORP	$1,399,000	–	10,443	–	1.14%	–
GBL	New	GAMCO INVESTORS INC-A	$1,389,000	–	72,444	–	1.13%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$1,328,000	–	12,000	–	1.08%	–
ZAYO	New	ZAYO GROUP HOLDINGS INC	$1,316,000	–	40,000	–	1.07%	–
SMTA	New	SPIRIT MTA REITreit	$1,276,000	–	153,000	–	1.04%	–
DISCA	New	DISCOVERY COMMUNICATIONS-A	$1,260,000	–	41,029	–	1.03%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$1,208,000	–	483,008	–	0.98%	–
LABL	New	MULTI-COLOR CORP	$1,199,000	–	24,000	–	0.98%	–
ENFC	New	ENTEGRA FINANCIAL CORP	$1,187,000	–	39,407	–	0.97%	–
CBS	New	CBS CORP-CLASS B	$1,148,000	–	23,000	–	0.94%	–
CY	New	CYPRESS SEMICONDUCTOR CORP	$1,112,000	–	50,000	–	0.91%	–
TR	New	TOOTSIE ROLL INDS	$1,069,000	–	28,954	–	0.87%	–
WAGE	New	WAGEWORKS INC	$1,016,000	–	20,000	–	0.83%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$986,000	–	31,036	–	0.80%	–
LLL	New	L-3 COMMUNICATIONS HOLDINGS	$981,000	–	4,000	–	0.80%	–
INXN	New	INTERXION HOLDING NV	$972,000	–	12,776	–	0.79%	–
VSM	New	VERSUM MATERIALS INC	$877,000	–	17,000	–	0.71%	–
AAPL	New	APPLE COMPUTER INC	$844,000	–	4,262	–	0.69%	–
PNTR	New	POINTER TELOCATION LTD	$826,000	–	54,160	–	0.67%	–
CARS	New	CARS.COM INC	$731,000	–	37,083	–	0.60%	–
GOGO	New	GOGO INC	$723,000	–	181,751	–	0.59%	–
CTRL	New	CONTROL4 CORP	$715,000	–	30,100	–	0.58%	–
NWSA	New	NEWS CORP/NEW-CL A	$701,000	–	51,965	–	0.57%	–
DIS	New	THE WALT DISNEY CO.	$695,000	–	4,980	–	0.57%	–
UQM	New	UQM TECHNOLOGIES INC	$678,000	–	411,000	–	0.55%	–
VIA	New	VIACOM INC-CLASS A	$666,000	–	19,525	–	0.54%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$637,000	–	2	–	0.52%	–
CJ	New	C&J ENERGY SERVICES INC	$589,000	–	50,000	–	0.48%	–
SMG	New	SCOTTS MIRACLE-GRO CO-CL A	$561,000	–	5,700	–	0.46%	–
SANW	New	S&W SEED CO	$543,000	–	205,528	–	0.44%	–
SBGI	New	SINCLAIR BROADCAST GROUP-A	$536,000	–	10,000	–	0.44%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$531,000	–	9,291	–	0.43%	–
ASV	New	ASV LLC	$498,000	–	72,700	–	0.41%	–
TMUS	New	T-MOBILE US INC	$455,000	–	6,138	–	0.37%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$418,000	–	27,346	–	0.34%	–
LTXB	New	LEGACYTEXAS FINANCIAL GROUP INC	$407,000	–	10,000	–	0.33%	–
MBTF	New	MBT FINANCIAL CORP	$401,000	–	40,000	–	0.33%	–
CONE	New	CYRUSONE INCreit	$391,000	–	6,779	–	0.32%	–
EFII	New	ELECTRONICS FOR IMAGING	$369,000	–	10,000	–	0.30%	–
SHEN	New	SHENANDOAH TELECOMMUN CO	$347,000	–	9,000	–	0.28%	–
LGL	New	LGL GROUP INC	$293,000	–	35,996	–	0.24%	–
BID	New	SOTHEBYS	$291,000	–	5,000	–	0.24%	–
FOXA	New	FOX CORP - CLASS A	$274,000	–	7,490	–	0.22%	–
AQ	New	AQUANTIA CORP	$261,000	–	20,000	–	0.21%	–
AHC	New	AH BELO CORP-A	$220,000	–	59,595	–	0.18%	–
GTX	New	GARRETT MOTION INC	$154,000	–	10,000	–	0.12%	–
SIRI	New	SIRIUS XM RADIO INC	$56,000	–	10,000	–	0.05%	–
PRTS	New	US AUTO PARTS NETWORK INC	$55,000	–	44,200	–	0.04%	–
CETV	New	CENTRAL EUROPEAN MEDIA ENT-A	$48,000	–	10,965	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
PZG	Exit	PARAMOUNT GOLD NEVADA CORP	$0	–	-13,000	–	-0.01%	–
CETV	Exit	CENTRAL EUROPEAN MEDIA ENT-A	$0	–	-12,421	–	-0.02%	–
UWN	Exit	NEVADA GOLD & CASINOS INC	$0	–	-50,000	–	-0.05%	–
ABCD	Exit	CAMBIUM LEARNING GROUP INC	$0	–	-10,300	–	-0.05%	–
HCRSQ	Exit	HI-CRUSH PARTNERS LPunit	$0	–	-17,669	–	-0.08%	–
DCI	Exit	DONALDSON CO INC	$0	–	-3,842	–	-0.10%	–
KANG	Exit	IKANG HEALTHCARE GROUP-ADRadrs	$0	–	-13,000	–	-0.10%	–
GRA	Exit	WR GRACE & CO	$0	–	-3,286	–	-0.10%	–
XOXO	Exit	XO GROUP INC	$0	–	-6,900	–	-0.10%	–
BKS	Exit	BARNES & NOBLE INC	$0	–	-42,742	–	-0.11%	–
MCY	Exit	MERCURY GENERAL CORP	$0	–	-5,300	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-24,135	–	-0.12%	–
SIRI	Exit	SIRIUS XM RADIO INC	$0	–	-44,000	–	-0.12%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-10,200	–	-0.13%	–
RCII	Exit	RENT-A-CENTER INC	$0	–	-20,000	–	-0.13%	–
AHC	Exit	AH BELO CORP-A	$0	–	-62,995	–	-0.13%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-17,000	–	-0.15%	–
CBB	Exit	CINCINNATI BELL INC	$0	–	-24,964	–	-0.18%	–
PAG	Exit	PENSKE AUTO GROUP INC	$0	–	-8,800	–	-0.18%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-6,138	–	-0.19%	–
SMG	Exit	SCOTTS MIRACLE-GRO CO-CL A	$0	–	-5,700	–	-0.20%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-7,721	–	-0.20%	–
CONE	Exit	CYRUSONE INCreit	$0	–	-7,650	–	-0.21%	–
SHEN	Exit	SHENANDOAH TELECOMMUN CO	$0	–	-12,674	–	-0.22%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-29,861	–	-0.22%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURI	$0	–	-9,591	–	-0.22%	–
SANW	Exit	S&W SEED CO	$0	–	-205,528	–	-0.22%	–
NYRT	Exit	NEW YORK REIT INCreit	$0	–	-27,929	–	-0.22%	–
LPNT	Exit	LIFEPOINT HEALTH INC	$0	–	-8,000	–	-0.23%	–
TAP	Exit	MOLSON COORS BREWING CO -B	$0	–	-8,800	–	-0.24%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-23,240	–	-0.25%	–
FBNK	Exit	FIRST CONNECTICUT BANCORP	$0	–	-20,000	–	-0.26%	–
RLJE	Exit	RLJ ENTERTAINMENT INC	$0	–	-96,516	–	-0.26%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP-A	$0	–	-14,336	–	-0.27%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-2	–	-0.28%	–
LSXMA	Exit	LIBERTY SIRIUSXM GROUP	$0	–	-15,102	–	-0.29%	–
FEYE	Exit	FIREEYE INC	$0	–	-40,000	–	-0.30%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LPltdp	$0	–	-20,000	–	-0.32%	–
SHPG	Exit	SHIRE PLC-ADRadrs	$0	–	-4,000	–	-0.32%	–
FOXA	Exit	TWENTY-FIRST CENTURY-CL A	$0	–	-16,470	–	-0.34%	–
KLXI	Exit	KLX INC	$0	–	-12,546	–	-0.35%	–
SONY	Exit	SONY CORP-SPONSORED ADRadrs	$0	–	-13,000	–	-0.35%	–
TR	Exit	TOOTSIE ROLL INDS	$0	–	-28,112	–	-0.36%	–
INXN	Exit	INTERXION HOLDING NV	$0	–	-12,776	–	-0.38%	–
PRGS	Exit	PROGRESS SOFTWARE CORP	$0	–	-25,000	–	-0.39%	–
NWSA	Exit	NEWS CORP/NEW-CL A	$0	–	-68,665	–	-0.40%	–
SNMX	Exit	SENOMYX INC	$0	–	-714,375	–	-0.47%	–
KS	Exit	KAPSTONE PAPER AND PACKAGING	$0	–	-32,200	–	-0.48%	–
MITL	Exit	MITEL NETWORKS CORP	$0	–	-102,000	–	-0.50%	–
GTX	Exit	GARRETT MOTION INC	$0	–	-61,000	–	-0.50%	–
CABO	Exit	CABLE ONE INC	$0	–	-1,322	–	-0.52%	–
STC	Exit	STEWART INFORMATION SERVICES	$0	–	-26,000	–	-0.52%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS-A	$0	–	-41,029	–	-0.58%	–
NTIP	Exit	NETWORK-1 SECURITY SOLUTIONS	$0	–	-514,367	–	-0.61%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-6,190	–	-0.62%	–
DNB	Exit	DUN & BRADSTREET CORP	$0	–	-10,000	–	-0.63%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-14,700	–	-0.65%	–
LEA	Exit	LEAR CORP	$0	–	-10,330	–	-0.66%	–
XRM	Exit	XERIUM TECHNOLOGIES INC	$0	–	-114,600	–	-0.68%	–
GBL	Exit	GAMCO INVESTORS INC-A	$0	–	-66,444	–	-0.69%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit	$0	–	-70,000	–	-0.69%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-76,850	–	-0.72%	–
ROST	Exit	ROSS STORES INC	$0	–	-17,100	–	-0.75%	–
CARS	Exit	CARS.COM INC	$0	–	-62,084	–	-0.76%	–
ORBK	Exit	ORBOTECH LTD	$0	–	-29,000	–	-0.76%	–
CALL	Exit	MAGICJACK VOCALTEC LTD	$0	–	-208,839	–	-0.77%	–
TGNA	Exit	TEGNA INC	$0	–	-146,105	–	-0.77%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-15,716	–	-0.79%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD	$0	–	-12,700	–	-0.80%	–
AC	Exit	ASSOCIATED CAPITAL GROUP	$0	–	-42,783	–	-0.80%	–
AVA	Exit	AVISTA CORP	$0	–	-38,000	–	-0.85%	–
CWAY	Exit	COASTWAY BANCORP INC	$0	–	-70,000	–	-0.87%	–
MSGS	Exit	MADISON SQUARE GARDEN COMPANY (THE) CL A	$0	–	-6,553	–	-0.91%	–
ORIG	Exit	OCEAN RIG UDW INC	$0	–	-60,000	–	-0.92%	–
AET	Exit	AETNA INC	$0	–	-12,000	–	-1.08%	–
FCEA	Exit	FOREST CITY ENTERPRISES-CL A	$0	–	-100,000	–	-1.11%	–
VIA	Exit	VIACOM INC-CLASS A	$0	–	-69,525	–	-1.12%	–
PF	Exit	PINNACLE FOODS INC	$0	–	-40,000	–	-1.14%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP-A	$0	–	-34,113	–	-1.23%	–
VVC	Exit	VECTREN CORPORATION	$0	–	-40,900	–	-1.29%	–
CA	Exit	CA INC	$0	–	-68,000	–	-1.33%	–
PERY	Exit	PERRY ELLIS INTERNATIONAL	$0	–	-110,756	–	-1.34%	–
DISCK	Exit	DISCOVERY INC	$0	–	-107,492	–	-1.40%	–
MSGN	Exit	MADISON SQUARE GARD-A/NEW	$0	–	-126,907	–	-1.45%	–
EQIX	Exit	EQUINIX INC	$0	–	-7,583	–	-1.45%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-80,000	–	-1.48%	–
SVU	Exit	SUPERVALU INC	$0	–	-110,500	–	-1.57%	–
GOGO	Exit	GOGO INC	$0	–	-822,330	–	-1.89%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING COMPANY	$0	–	-47,000	–	-1.97%	–
AZO	Exit	AUTOZONE INC	$0	–	-5,900	–	-2.02%	–
ANDV	Exit	ANDEAVOR	$0	–	-33,000	–	-2.24%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-78,908	–	-2.31%	–
EVHC	Exit	ENVISION HEALTHCARE	$0	–	-149,300	–	-3.02%	–
COL	Exit	ROCKWELL COLLINS INC.	$0	–	-53,000	–	-3.29%	–
VIAB	Exit	VIACOM INC-CLASS B	$0	–	-289,101	–	-4.31%	–
TRCO	Exit	TRIBUNE MEDIA COMPANY	$0	–	-310,000	–	-5.26%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-147,632	–	-5.58%	–
IWM	Exit	ISHARES RUSSELL 2000	$0	–	-300,000	–	-22.35%	–

Q3 2018

			Value		Shares		↓ Weighting
IWM	Buy	ISHARES RUSSELL 2000	$50,565,000	+208.8%	300,000	+200.0%	22.35%	+121.9%
NXPI	Buy	NXP SEMICONDUCTORS NV	$12,623,000	+119.2%	147,632	+180.1%	5.58%	+57.5%
TRCO	Buy	TRIBUNE MEDIA COMPANY	$11,914,000	+31.6%	310,000	+31.0%	5.26%	-5.4%
VIAB	Buy	VIACOM INC-CLASS B	$9,760,000	+162.7%	289,101	+134.7%	4.31%	+88.8%
COL	Buy	ROCKWELL COLLINS INC.	$7,445,000	+140.3%	53,000	+130.4%	3.29%	+72.7%
EVHC	Buy	ENVISION HEALTHCARE	$6,827,000	+210.2%	149,300	+198.6%	3.02%	+123.0%
AMCX	Sell	AMC NETWORKS INC	$5,235,000	-8.8%	78,908	-14.5%	2.31%	-34.5%
ANDV	Buy	ANDEAVOR	$5,066,000	+382.9%	33,000	+312.5%	2.24%	+247.1%
AZO	Sell	AUTOZONE INC	$4,577,000	+1.8%	5,900	-11.9%	2.02%	-26.8%
ESRX	New	EXPRESS SCRIPTS HOLDING COMPANY	$4,465,000	–	47,000	–	1.97%	–
GOGO	Buy	GOGO INC	$4,268,000	+520.3%	822,330	+481.0%	1.89%	+345.9%
SVU	New	SUPERVALU INC	$3,560,000	–	110,500	–	1.57%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$3,344,000	–	80,000	–	1.48%	–
EQIX	Sell	EQUINIX INC	$3,283,000	-10.0%	7,583	-10.6%	1.45%	-35.3%
MSGN	Sell	MADISON SQUARE GARD-A/NEW	$3,274,000	-15.9%	126,907	-21.9%	1.45%	-39.6%
DISCK	Sell	DISCOVERY INC	$3,180,000	+4.7%	107,492	-9.7%	1.40%	-24.7%
PERY	Buy	PERRY ELLIS INTERNATIONAL	$3,027,000	+372.2%	110,756	+369.7%	1.34%	+239.6%
CA	New	CA INC	$3,002,000	–	68,000	–	1.33%	–
VVC	Buy	VECTREN CORPORATION	$2,924,000	+20.7%	40,900	+20.6%	1.29%	-13.2%
NXST	Sell	NEXSTAR BROADCASTING GROUP-A	$2,777,000	-21.4%	34,113	-29.1%	1.23%	-43.5%
PF	New	PINNACLE FOODS INC	$2,592,000	–	40,000	–	1.14%	–
FCEA	New	FOREST CITY ENTERPRISES-CL A	$2,509,000	–	100,000	–	1.11%	–
AET	Buy	AETNA INC	$2,434,000	+121.1%	12,000	+100.0%	1.08%	+58.9%
ORIG	New	OCEAN RIG UDW INC	$2,077,000	–	60,000	–	0.92%	–
MSGS	Sell	MADISON SQUARE GARDEN COMPANY (THE) CL A	$2,066,000	-9.4%	6,553	-10.9%	0.91%	-34.9%
AVA	Buy	AVISTA CORP	$1,921,000	+356.3%	38,000	+375.0%	0.85%	+227.8%
AC	Sell	ASSOCIATED CAPITAL GROUP	$1,820,000	-7.2%	42,783	-17.2%	0.80%	-33.3%
SODA	New	SODASTREAM INTERNATIONAL LTD	$1,817,000	–	12,700	–	0.80%	–
MSFT	Sell	MICROSOFT CORP	$1,797,000	-7.6%	15,716	-20.3%	0.79%	-33.6%
TGNA	Sell	TEGNA INC	$1,747,000	-21.9%	146,105	-29.1%	0.77%	-43.9%
CALL	Buy	MAGICJACK VOCALTEC LTD	$1,744,000	+54.5%	208,839	+57.3%	0.77%	+11.1%
CARS	Sell	CARS.COM INC	$1,714,000	-22.2%	62,084	-19.9%	0.76%	-44.1%
ROST	Sell	ROSS STORES INC	$1,695,000	+4.7%	17,100	-10.5%	0.75%	-24.7%
LUMN	Sell	CENTURYLINK INC	$1,629,000	-6.9%	76,850	-18.1%	0.72%	-33.0%
ETP	New	ENERGY TRANSFER PARTNERS LPunit	$1,558,000	–	70,000	–	0.69%	–
XRM	New	XERIUM TECHNOLOGIES INC	$1,543,000	–	114,600	–	0.68%	–
LEA	Buy	LEAR CORP	$1,498,000	+160.1%	10,330	+233.2%	0.66%	+87.0%
GPC	Sell	GENUINE PARTS CO	$1,461,000	-4.7%	14,700	-12.0%	0.65%	-31.5%
DNB	New	DUN & BRADSTREET CORP	$1,425,000	–	10,000	–	0.63%	–
AAPL	Sell	APPLE COMPUTER INC	$1,397,000	+2.6%	6,190	-15.8%	0.62%	-26.3%
NTIP	Sell	NETWORK-1 SECURITY SOLUTIONS	$1,389,000	-20.4%	514,367	-8.6%	0.61%	-42.8%
DISCA	Sell	DISCOVERY COMMUNICATIONS-A	$1,313,000	+0.5%	41,029	-13.7%	0.58%	-27.9%
STC	Buy	STEWART INFORMATION SERVICES	$1,170,000	+353.5%	26,000	+333.3%	0.52%	+225.2%
CABO	Sell	CABLE ONE INC	$1,168,000	+10.5%	1,322	-8.3%	0.52%	-20.6%
GTX	New	GARRETT MOTION INC	$1,129,000	–	61,000	–	0.50%	–
MITL	Sell	MITEL NETWORKS CORP	$1,124,000	-2.4%	102,000	-2.9%	0.50%	-29.8%
SNMX	New	SENOMYX INC	$1,057,000	–	714,375	–	0.47%	–
NWSA	Sell	NEWS CORP/NEW-CL A	$906,000	-34.4%	68,665	-23.0%	0.40%	-52.9%
PRGS	New	PROGRESS SOFTWARE CORP	$882,000	–	25,000	–	0.39%	–
INXN	Sell	INTERXION HOLDING NV	$860,000	-8.4%	12,776	-15.1%	0.38%	-34.1%
TR	Sell	TOOTSIE ROLL INDS	$822,000	-21.0%	28,112	-16.6%	0.36%	-43.2%
KLXI	New	KLX INC	$788,000	–	12,546	–	0.35%	–
SONY	New	SONY CORP-SPONSORED ADRadrs	$788,000	–	13,000	–	0.35%	–
FOXA	Sell	TWENTY-FIRST CENTURY-CL A	$763,000	-17.4%	16,470	-11.5%	0.34%	-40.7%
SEP	New	SPECTRA ENERGY PARTNERS LPltdp	$714,000	–	20,000	–	0.32%	–
FEYE	New	FIREEYE INC	$680,000	–	40,000	–	0.30%	–
LSXMA	Sell	LIBERTY SIRIUSXM GROUP	$656,000	-14.8%	15,102	-11.7%	0.29%	-38.7%
PAHC	Sell	PHIBRO ANIMAL HEALTH CORP-A	$615,000	-48.5%	14,336	-44.7%	0.27%	-63.0%
RLJE	New	RLJ ENTERTAINMENT INC	$598,000	–	96,516	–	0.26%	–
PDCO	Sell	PATTERSON COS INC	$568,000	-37.4%	23,240	-41.9%	0.25%	-55.0%
TAP	Sell	MOLSON COORS BREWING CO -B	$541,000	-20.4%	8,800	-12.0%	0.24%	-42.8%
LPNT	New	LIFEPOINT HEALTH INC	$515,000	–	8,000	–	0.23%	–
NYRT	Sell	NEW YORK REIT INCreit	$507,000	-17.2%	27,929	-16.7%	0.22%	-40.4%
SANW	New	S&W SEED CO	$504,000	–	205,528	–	0.22%	–
FBHS	Sell	FORTUNE BRANDS HOME & SECURI	$502,000	-14.6%	9,591	-12.4%	0.22%	-38.7%
SSP	Sell	SCRIPPS E W CO OHIO CL A NEW	$493,000	+5.8%	29,861	-14.3%	0.22%	-24.0%
SHEN	Sell	SHENANDOAH TELECOMMUN CO	$491,000	+0.2%	12,674	-15.4%	0.22%	-27.9%
CONE	Sell	CYRUSONE INCreit	$485,000	-4.0%	7,650	-11.6%	0.21%	-31.0%
KAR	Sell	KAR AUCTION SERVICES INC	$461,000	-4.6%	7,721	-12.5%	0.20%	-31.3%
SMG	Sell	SCOTTS MIRACLE-GRO CO-CL A	$449,000	-29.8%	5,700	-26.0%	0.20%	-49.7%
TMUS	Sell	T-MOBILE US INC	$431,000	-3.6%	6,138	-18.0%	0.19%	-30.9%
PAG	Sell	PENSKE AUTO GROUP INC	$417,000	-11.1%	8,800	-12.0%	0.18%	-36.1%
CBB	Sell	CINCINNATI BELL INC	$398,000	-58.2%	24,964	-58.8%	0.18%	-69.9%
NWL	Sell	NEWELL BRANDS INC	$345,000	-81.2%	17,000	-76.1%	0.15%	-86.5%
AHC	Sell	AH BELO CORP-A	$290,000	-14.2%	62,995	-12.5%	0.13%	-38.5%
RCII	New	RENT-A-CENTER INC	$288,000	–	20,000	–	0.13%	–
NXTM	New	NXSTAGE MEDICAL INC	$284,000	–	10,200	–	0.13%	–
SIRI	Sell	SIRIUS XM RADIO INC	$278,000	-18.0%	44,000	-12.0%	0.12%	-40.9%
GE	Sell	GENERAL ELECTRIC CO	$272,000	-95.6%	24,135	-94.6%	0.12%	-96.8%
MCY	Sell	MERCURY GENERAL CORP	$266,000	-18.9%	5,300	-26.4%	0.12%	-41.6%
BKS	Sell	BARNES & NOBLE INC	$248,000	-49.8%	42,742	-45.1%	0.11%	-63.8%
XOXO	New	XO GROUP INC	$238,000	–	6,900	–	0.10%	–
KANG	Sell	IKANG HEALTHCARE GROUP-ADRadrs	$235,000	-85.6%	13,000	-83.8%	0.10%	-89.7%
GRA	Sell	WR GRACE & CO	$235,000	-46.6%	3,286	-45.2%	0.10%	-61.6%
DCI	New	DONALDSON CO INC	$224,000	–	3,842	–	0.10%	–
HCRSQ	Sell	HI-CRUSH PARTNERS LPunit	$191,000	-19.7%	17,669	-12.5%	0.08%	-42.5%
ABCD	Sell	CAMBIUM LEARNING GROUP INC	$122,000	-7.6%	10,300	-12.7%	0.05%	-33.3%
UWN	New	NEVADA GOLD & CASINOS INC	$120,000	–	50,000	–	0.05%	–
CETV	Sell	CENTRAL EUROPEAN MEDIA ENT-A	$47,000	-20.3%	12,421	-12.8%	0.02%	-41.7%
PZG	Sell	PARAMOUNT GOLD NEVADA CORP	$14,000	-26.3%	13,000	-13.3%	0.01%	-50.0%
SIGM	Exit	SIGMA DESIGNS INC	$0	–	-20,000	–	-0.08%	–
CNSL	Exit	CONSOLIDATED COMMUNICATIONS	$0	–	-10,882	–	-0.08%	–
LGL	Exit	LGL GROUP INCwrnt	$0	–	-29,974	–	-0.10%	–
GCI	Exit	GANNETT CO INC	$0	–	-19,658	–	-0.13%	–
WMIH	Exit	WMI HLDGS CORP	$0	–	-171,499	–	-0.14%	–
ROL	Exit	ROLLINS INC	$0	–	-7,500	–	-0.24%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-37,094	–	-0.36%	–
CVRR	Exit	CVR REFINING LPltdp	$0	–	-30,000	–	-0.41%	–
COTV	Exit	COTIVITI HOLDINGS INC	$0	–	-20,000	–	-0.54%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-7,797	–	-0.58%	–
CPLA	Exit	CAPELLA EDUCATION CO	$0	–	-10,000	–	-0.61%	–
ILG	Exit	ILG INC	$0	–	-40,000	–	-0.81%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-50,000	–	-1.35%	–
HCOM	Exit	HAWAIIAN TELCOM HOLDCO INC	$0	–	-89,631	–	-1.59%	–
PAY	Exit	VERIFONE HOLDINGS INC	$0	–	-115,000	–	-1.61%	–
IPCC	Exit	INFINITY PROPERTY & CASUALTY	$0	–	-22,086	–	-1.93%	–
CAVM	Exit	CAVIUM INC	$0	–	-42,433	–	-2.26%	–
WGL	Exit	WGL HOLDINGS INC	$0	–	-50,706	–	-2.77%	–
VR	Exit	VALIDUS HOLDINGS LTD	$0	–	-87,000	–	-3.62%	–

Q2 2018

			Value		Shares		↓ Weighting
IWM	New	ISHARES RUSSELL 2000	$16,377,000	–	100,000	–	10.07%	–
TRCO	New	TRIBUNE MEDIA COMPANY	$9,055,000	–	236,600	–	5.57%	–
GE	New	GENERAL ELECTRIC CO	$6,125,000	–	450,000	–	3.77%	–
VR	New	VALIDUS HOLDINGS LTD	$5,881,000	–	87,000	–	3.62%	–
NXPI	New	NXP SEMICONDUCTORS NV	$5,759,000	–	52,700	–	3.54%	–
AMCX	New	AMC NETWORKS INC	$5,740,000	–	92,288	–	3.53%	–
WGL	New	WGL HOLDINGS INC	$4,500,000	–	50,706	–	2.77%	–
AZO	New	AUTOZONE INC	$4,495,000	–	6,700	–	2.76%	–
MSGN	New	MADISON SQUARE GARD-A/NEW	$3,893,000	–	162,532	–	2.39%	–
VIAB	New	VIACOM INC-CLASS B	$3,715,000	–	123,181	–	2.28%	–
CAVM	New	CAVIUM INC	$3,670,000	–	42,433	–	2.26%	–
EQIX	New	EQUINIX INC	$3,647,000	–	8,483	–	2.24%	–
NXST	New	NEXSTAR BROADCASTING GROUP-A	$3,531,000	–	48,113	–	2.17%	–
IPCC	New	INFINITY PROPERTY & CASUALTY	$3,144,000	–	22,086	–	1.93%	–
COL	New	ROCKWELL COLLINS INC.	$3,098,000	–	23,000	–	1.90%	–
DISCK	New	DISCOVERY INC	$3,036,000	–	119,040	–	1.87%	–
PAY	New	VERIFONE HOLDINGS INC	$2,624,000	–	115,000	–	1.61%	–
HCOM	New	HAWAIIAN TELCOM HOLDCO INC	$2,592,000	–	89,631	–	1.59%	–
VIA	New	VIACOM INC-CLASS A	$2,465,000	–	69,525	–	1.52%	–
VVC	New	VECTREN CORPORATION	$2,422,000	–	33,900	–	1.49%	–
MSGS	New	MADISON SQUARE GARDEN COMPANY (THE) CL A	$2,281,000	–	7,353	–	1.40%	–
TGNA	New	TEGNA INC	$2,236,000	–	206,105	–	1.38%	–
CARS	New	CARS.COM INC	$2,202,000	–	77,556	–	1.35%	–
RSPP	New	RSP PERMIAN INC	$2,201,000	–	50,000	–	1.35%	–
EVHC	New	ENVISION HEALTHCARE	$2,201,000	–	50,000	–	1.35%	–
AC	New	ASSOCIATED CAPITAL GROUP	$1,961,000	–	51,683	–	1.21%	–
MSFT	New	MICROSOFT CORP	$1,944,000	–	19,716	–	1.20%	–
CWAY	New	COASTWAY BANCORP INC	$1,939,000	–	70,000	–	1.19%	–
NWL	New	NEWELL BRANDS INC	$1,831,000	–	71,000	–	1.13%	–
ORBK	New	ORBOTECH LTD	$1,792,000	–	29,000	–	1.10%	–
GBL	New	GAMCO INVESTORS INC-A	$1,778,000	–	66,444	–	1.09%	–
LUMN	New	CENTURYLINK INC	$1,749,000	–	93,850	–	1.08%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$1,745,000	–	562,908	–	1.07%	–
KANG	New	IKANG HEALTHCARE GROUP-ADRadrs	$1,637,000	–	80,000	–	1.01%	–
ROST	New	ROSS STORES INC	$1,619,000	–	19,100	–	1.00%	–
GPC	New	GENUINE PARTS CO	$1,533,000	–	16,700	–	0.94%	–
NWSA	New	NEWS CORP/NEW-CL A	$1,382,000	–	89,165	–	0.85%	–
AAPL	New	APPLE COMPUTER INC	$1,361,000	–	7,350	–	0.84%	–
ILG	New	ILG INC	$1,321,000	–	40,000	–	0.81%	–
DISCA	New	DISCOVERY COMMUNICATIONS-A	$1,307,000	–	47,529	–	0.80%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$1,195,000	–	25,946	–	0.74%	–
MITL	New	MITEL NETWORKS CORP	$1,152,000	–	105,000	–	0.71%	–
CALL	New	MAGICJACK VOCALTEC LTD	$1,129,000	–	132,781	–	0.69%	–
KS	New	KAPSTONE PAPER AND PACKAGING	$1,111,000	–	32,200	–	0.68%	–
AET	New	AETNA INC	$1,101,000	–	6,000	–	0.68%	–
CABO	New	CABLE ONE INC	$1,057,000	–	1,442	–	0.65%	–
ANDV	New	ANDEAVOR	$1,049,000	–	8,000	–	0.64%	–
TR	New	TOOTSIE ROLL INDS	$1,040,000	–	33,698	–	0.64%	–
CPLA	New	CAPELLA EDUCATION CO	$987,000	–	10,000	–	0.61%	–
CBB	New	CINCINNATI BELL INC	$952,000	–	60,611	–	0.58%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$951,000	–	7,797	–	0.58%	–
INXN	New	INTERXION HOLDING NV	$939,000	–	15,051	–	0.58%	–
FOXA	New	TWENTY-FIRST CENTURY-CL A	$924,000	–	18,600	–	0.57%	–
PDCO	New	PATTERSON COS INC	$907,000	–	40,000	–	0.56%	–
COTV	New	COTIVITI HOLDINGS INC	$883,000	–	20,000	–	0.54%	–
LSXMA	New	LIBERTY SIRIUSXM GROUP	$770,000	–	17,102	–	0.47%	–
GOGO	New	GOGO INC	$688,000	–	141,530	–	0.42%	–
TAP	New	MOLSON COORS BREWING CO -B	$680,000	–	10,000	–	0.42%	–
SHPG	New	SHIRE PLC-ADRadrs	$675,000	–	4,000	–	0.42%	–
CVRR	New	CVR REFINING LPltdp	$671,000	–	30,000	–	0.41%	–
PERY	New	PERRY ELLIS INTERNATIONAL	$641,000	–	23,582	–	0.39%	–
SMG	New	SCOTTS MIRACLE-GRO CO-CL A	$640,000	–	7,700	–	0.39%	–
FBNK	New	FIRST CONNECTICUT BANCORP	$612,000	–	20,000	–	0.38%	–
NYRT	New	NEW YORK REIT INCreit	$612,000	–	33,529	–	0.38%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$588,000	–	10,947	–	0.36%	–
GTN	New	GRAY TELEVISION INC	$586,000	–	37,094	–	0.36%	–
LEA	New	LEAR CORP	$576,000	–	3,100	–	0.35%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$564,000	–	2	–	0.35%	–
CONE	New	CYRUSONE INCreit	$505,000	–	8,650	–	0.31%	–
BKS	New	BARNES & NOBLE INC	$494,000	–	77,800	–	0.30%	–
SHEN	New	SHENANDOAH TELECOMMUN CO	$490,000	–	14,974	–	0.30%	–
KAR	New	KAR AUCTION SERVICES INC	$483,000	–	8,821	–	0.30%	–
PAG	New	PENSKE AUTO GROUP INC	$469,000	–	10,000	–	0.29%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$466,000	–	34,835	–	0.29%	–
TMUS	New	T-MOBILE US INC	$447,000	–	7,488	–	0.28%	–
GRA	New	WR GRACE & CO	$440,000	–	6,000	–	0.27%	–
AVA	New	AVISTA CORP	$421,000	–	8,000	–	0.26%	–
ROL	New	ROLLINS INC	$394,000	–	7,500	–	0.24%	–
AHC	New	AH BELO CORP-A	$338,000	–	71,995	–	0.21%	–
SIRI	New	SIRIUS XM RADIO INC	$339,000	–	50,000	–	0.21%	–
MCY	New	MERCURY GENERAL CORP	$328,000	–	7,200	–	0.20%	–
STC	New	STEWART INFORMATION SERVICES	$258,000	–	6,000	–	0.16%	–
HCRSQ	New	HI-CRUSH PARTNERS LPunit	$238,000	–	20,192	–	0.15%	–
WMIH	New	WMI HLDGS CORP	$230,000	–	171,499	–	0.14%	–
GCI	New	GANNETT CO INC	$210,000	–	19,658	–	0.13%	–
LGL	New	LGL GROUP INCwrnt	$155,000	–	29,974	–	0.10%	–
CNSL	New	CONSOLIDATED COMMUNICATIONS	$135,000	–	10,882	–	0.08%	–
ABCD	New	CAMBIUM LEARNING GROUP INC	$132,000	–	11,800	–	0.08%	–
SIGM	New	SIGMA DESIGNS INC	$122,000	–	20,000	–	0.08%	–
CETV	New	CENTRAL EUROPEAN MEDIA ENT-A	$59,000	–	14,238	–	0.04%	–
PZG	New	PARAMOUNT GOLD NEVADA CORP	$19,000	–	15,000	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
PZG	Exit	PARAMOUNT GOLD NEVADA CORP	$0	–	-15,000	–	-0.01%	–
ABCD	Exit	CAMBIUM LEARNING GROUP INC	$0	–	-13,100	–	-0.04%	–
LGL	Exit	LGL GROUP INCwrnt	$0	–	-28,400	–	-0.08%	–
WMIH	Exit	WMI HLDGS CORP	$0	–	-171,499	–	-0.08%	–
HCRSQ	Exit	HI-CRUSH PARTNERS LPunit	$0	–	-20,192	–	-0.10%	–
TESO	Exit	TESCO CORP	$0	–	-35,393	–	-0.10%	–
CNSL	Exit	CONSOLIDATED COMMUNICATIONS	$0	–	-11,882	–	-0.12%	–
NEFF	Exit	NEFF CORP-CLASS A	$0	–	-10,000	–	-0.13%	–
AVA	Exit	AVISTA CORP	$0	–	-5,000	–	-0.13%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-60,000	–	-0.14%	–
CPN	Exit	CALPINE CORPORATION	$0	–	-20,000	–	-0.15%	–
LSCC	Exit	LATTICE SEMICONDUCTOR CORP	$0	–	-63,000	–	-0.17%	–
SPA	Exit	SPARTON CORP	$0	–	-14,400	–	-0.17%	–
ROL	Exit	ROLLINS INC	$0	–	-7,500	–	-0.18%	–
AHC	Exit	AH BELO CORP-A	$0	–	-77,195	–	-0.18%	–
GCI	Exit	GANNETT CO INC	$0	–	-41,658	–	-0.19%	–
MCY	Exit	MERCURY GENERAL CORP	$0	–	-7,600	–	-0.22%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS-C	$0	–	-21,214	–	-0.22%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-9,021	–	-0.22%	–
RATE	Exit	BANKRATE INC	$0	–	-32,559	–	-0.23%	–
FTRCQ	Exit	FRONTIER COMMUNICATIONS CORP SER B	$0	–	-38,900	–	-0.24%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-7,488	–	-0.24%	–
WSTC	Exit	WEST CORP	$0	–	-21,652	–	-0.26%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-2	–	-0.28%	–
FPO	Exit	FIRST POTOMAC REALTY TRUSTreit	$0	–	-53,500	–	-0.31%	–
SHEN	Exit	SHENANDOAH TELECOMMUN CO	$0	–	-16,774	–	-0.32%	–
CONE	Exit	CYRUSONE INCreit	$0	–	-11,350	–	-0.34%	–
HSNI	Exit	HSN INC	$0	–	-19,400	–	-0.39%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-8,697	–	-0.40%	–
FGL	Exit	FIDELITY & GUARANTY LIFE	$0	–	-25,000	–	-0.40%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-50,794	–	-0.41%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS-A	$0	–	-38,029	–	-0.42%	–
SMG	Exit	SCOTTS MIRACLE-GRO CO-CL A	$0	–	-8,700	–	-0.44%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURI	$0	–	-12,947	–	-0.45%	–
STRP	Exit	STRAIGHT PATH COMM-CL B	$0	–	-5,000	–	-0.47%	–
MGI	Exit	MONEYGRAM INTERNATIONAL INC	$0	–	-59,386	–	-0.49%	–
LGFB	Exit	LIONS GATE ENTERTAINMENT-B	$0	–	-32,331	–	-0.53%	–
PRXL	Exit	PAREXEL INTERNATIONAL CORP	$0	–	-12,000	–	-0.54%	–
ROST	Exit	ROSS STORES INC	$0	–	-16,800	–	-0.56%	–
HCOM	Exit	HAWAIIAN TELCOM HOLDCO INC	$0	–	-36,721	–	-0.56%	–
TR	Exit	TOOTSIE ROLL INDS	$0	–	-30,096	–	-0.59%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP-A	$0	–	-32,790	–	-0.63%	–
ARCX	Exit	ARC LOGISTICS PARTNERS LPltdp	$0	–	-82,100	–	-0.71%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-50,000	–	-0.71%	–
CABO	Exit	CABLE ONE INC	$0	–	-2,000	–	-0.74%	–
VWR	Exit	VWR CORP	$0	–	-43,852	–	-0.75%	–
LMOS	Exit	LUMOS NETWORKS CORP	$0	–	-84,680	–	-0.78%	–
GBL	Exit	GAMCO INVESTORS INC-A	$0	–	-51,444	–	-0.79%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-80,322	–	-0.79%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-16,700	–	-0.82%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-10,550	–	-0.84%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-22,216	–	-0.85%	–
DDC	Exit	DOMINION DIAMOND CORP	$0	–	-117,000	–	-0.86%	–
INXN	Exit	INTERXION HOLDING NV	$0	–	-34,051	–	-0.90%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-16,200	–	-0.94%	–
CBB	Exit	CINCINNATI BELL INC	$0	–	-92,899	–	-0.95%	–
AC	Exit	ASSOCIATED CAPITAL GROUP	$0	–	-55,183	–	-1.02%	–
HAIN	Exit	HAIN CELESTIAL GROUP INC	$0	–	-50,000	–	-1.06%	–
NWSA	Exit	NEWS CORP/NEW-CL A	$0	–	-155,965	–	-1.07%	–
MSGS	Exit	MADISON SQUARE GARDEN COMPANY (THE) CL A	$0	–	-9,653	–	-1.07%	–
WNRL	Exit	WESTERN REFINING LOGISTICS Lunit	$0	–	-82,387	–	-1.10%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS INC	$0	–	-40,411	–	-1.11%	–
NTIP	Exit	NETWORK-1 SECURITY SOLUTIONS	$0	–	-566,908	–	-1.13%	–
FIG	Exit	FORTRESS INVESTMENT GRP-CL Altdp	$0	–	-290,000	–	-1.19%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS	$0	–	-210,000	–	-1.30%	–
WGL	Exit	WGL HOLDINGS INC	$0	–	-30,000	–	-1.30%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-135,500	–	-1.32%	–
VIA	Exit	VIACOM INC-CLASS A	$0	–	-70,025	–	-1.33%	–
GOGO	Exit	GOGO INC	$0	–	-218,010	–	-1.33%	–
CARS	Exit	CARS.COM INC	$0	–	-108,056	–	-1.48%	–
AZO	Exit	AUTOZONE INC	$0	–	-5,000	–	-1.54%	–
SNI	Exit	SCRIPPS NETWORKS INTER-CL A	$0	–	-35,142	–	-1.56%	–
TGNA	Exit	TEGNA INC	$0	–	-253,105	–	-1.74%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP-A	$0	–	-54,613	–	-1.76%	–
	Exit	NEURODERM LTD	$0	–	-87,950	–	-1.76%	–
ATW	Exit	ATWOOD OCEANICS INC	$0	–	-364,486	–	-1.77%	–
PKY	Exit	PARKWAY INCreit	$0	–	-160,000	–	-1.90%	–
NYRT	Exit	NEW YORK REIT INCreit	$0	–	-475,300	–	-1.92%	–
MSGN	Exit	MADISON SQUARE GARD-A/NEW	$0	–	-179,282	–	-1.96%	–
EQIX	Exit	EQUINIX INC	$0	–	-8,783	–	-2.02%	–
BCR	Exit	BARD (C.R.) INC	$0	–	-13,290	–	-2.20%	–
VIAB	Exit	VIACOM INC-CLASS B	$0	–	-178,804	–	-2.57%	–
RICE	Exit	RICE ENERGY INC	$0	–	-174,549	–	-2.61%	–
MON	Exit	MONSANTO CO	$0	–	-45,000	–	-2.78%	–
TRCO	Exit	TRIBUNE MEDIA COMPANY	$0	–	-150,000	–	-3.16%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-111,388	–	-3.36%	–
ALR	Exit	ALERE INC	$0	–	-130,900	–	-3.44%	–
TWX	Exit	TIME WARNER INC	$0	–	-114,668	–	-6.06%	–
KITE	Exit	KITE PHARMA INC	$0	–	-67,800	–	-6.29%	–
IWM	Exit	ISHARES RUSSELL 2000	$0	–	-120,000	–	-9.18%	–

Q3 2017

			Value		Shares		↓ Weighting
IWM	Sell	ISHARES RUSSELL 2000	$17,782,000	-6.5%	120,000	-11.1%	9.18%	+0.6%
KITE	New	KITE PHARMA INC	$12,191,000	–	67,800	–	6.29%	–
TWX	Buy	TIME WARNER INC	$11,748,000	+56.7%	114,668	+53.6%	6.06%	+68.7%
ALR	Buy	ALERE INC	$6,675,000	+56.1%	130,900	+53.6%	3.44%	+68.0%
AMCX	Sell	AMC NETWORKS INC	$6,513,000	-7.2%	111,388	-15.2%	3.36%	-0.1%
TRCO	Buy	TRIBUNE MEDIA COMPANY	$6,129,000	+8.9%	150,000	+8.7%	3.16%	+17.3%
MON	Buy	MONSANTO CO	$5,392,000	+13.9%	45,000	+12.5%	2.78%	+22.6%
RICE	Buy	RICE ENERGY INC	$5,051,000	+279.2%	174,549	+249.1%	2.61%	+307.8%
VIAB	Sell	VIACOM INC-CLASS B	$4,978,000	-48.6%	178,804	-38.1%	2.57%	-44.7%
BCR	Sell	BARD (C.R.) INC	$4,259,000	-42.1%	13,290	-42.9%	2.20%	-37.7%
MSGN	Sell	MADISON SQUARE GARD-A/NEW	$3,801,000	-12.9%	179,282	-7.7%	1.96%	-6.2%
NYRT	Sell	NEW YORK REIT INCreit	$3,731,000	-21.7%	475,300	-13.9%	1.92%	-15.8%
PKY	Buy	PARKWAY INCreit	$3,685,000	+704.6%	160,000	+700.0%	1.90%	+764.5%
ATW	Buy	ATWOOD OCEANICS INC	$3,423,000	+40.0%	364,486	+21.5%	1.77%	+50.7%
	New	NEURODERM LTD	$3,421,000	–	87,950	–	1.76%	–
NXST	Sell	NEXSTAR BROADCASTING GROUP-A	$3,402,000	-3.8%	54,613	-7.6%	1.76%	+3.6%
TGNA	Sell	TEGNA INC	$3,374,000	-23.9%	253,105	-17.8%	1.74%	-18.1%
SNI	Buy	SCRIPPS NETWORKS INTER-CL A	$3,018,000	+191.9%	35,142	+132.1%	1.56%	+213.9%
AZO	New	AUTOZONE INC	$2,976,000	–	5,000	–	1.54%	–
CARS	Sell	CARS.COM INC	$2,875,000	-44.9%	108,056	-44.8%	1.48%	-40.6%
GOGO	Sell	GOGO INC	$2,575,000	-13.4%	218,010	-15.5%	1.33%	-6.8%
VIA	Sell	VIACOM INC-CLASS A	$2,570,000	-40.0%	70,025	-37.8%	1.33%	-35.4%
LUMN	Buy	CENTURYLINK INC	$2,561,000	-6.3%	135,500	+18.3%	1.32%	+0.8%
BRCD	Buy	BROCADE COMMUNICATIONS SYS	$2,510,000	+10.6%	210,000	+16.7%	1.30%	+19.0%
FIG	Buy	FORTRESS INVESTMENT GRP-CL Altdp	$2,311,000	+92.7%	290,000	+93.3%	1.19%	+107.5%
WNRL	New	WESTERN REFINING LOGISTICS Lunit	$2,126,000	–	82,387	–	1.10%	–
NWSA	Sell	NEWS CORP/NEW-CL A	$2,068,000	-10.4%	155,965	-7.4%	1.07%	-3.5%
MSGS	Sell	MADISON SQUARE GARDEN COMPANY (THE) CL A	$2,067,000	+0.4%	9,653	-7.7%	1.07%	+8.1%
HAIN	New	HAIN CELESTIAL GROUP INC	$2,058,000	–	50,000	–	1.06%	–
CBB	Sell	CINCINNATI BELL INC	$1,844,000	-5.6%	92,899	-7.0%	0.95%	+1.7%
INXN	Sell	INTERXION HOLDING NV	$1,734,000	+2.2%	34,051	-8.1%	0.90%	+10.1%
DDC	Buy	DOMINION DIAMOND CORP	$1,659,000	+268.7%	117,000	+226.8%	0.86%	+296.3%
MSFT	Sell	MICROSOFT CORP	$1,655,000	-11.1%	22,216	-17.8%	0.85%	-4.4%
AAPL	Sell	APPLE COMPUTER INC	$1,626,000	-3.9%	10,550	-10.2%	0.84%	+3.5%
SSP	Sell	SCRIPPS E W CO OHIO CL A NEW	$1,535,000	+1.0%	80,322	-5.9%	0.79%	+8.6%
LMOS	Buy	LUMOS NETWORKS CORP	$1,517,000	+293.0%	84,680	+292.5%	0.78%	+323.2%
VWR	Buy	VWR CORP	$1,452,000	+263.9%	43,852	+262.4%	0.75%	+292.1%
NXTM	New	NXSTAGE MEDICAL INC	$1,380,000	–	50,000	–	0.71%	–
ARCX	New	ARC LOGISTICS PARTNERS LPltdp	$1,371,000	–	82,100	–	0.71%	–
PAHC	Sell	PHIBRO ANIMAL HEALTH CORP-A	$1,215,000	-7.0%	32,790	-7.1%	0.63%	0.0%
TR	Sell	TOOTSIE ROLL INDS	$1,144,000	+5.5%	30,096	-3.2%	0.59%	+13.5%
HCOM	New	HAWAIIAN TELCOM HOLDCO INC	$1,095,000	–	36,721	–	0.56%	–
PRXL	Buy	PAREXEL INTERNATIONAL CORP	$1,057,000	+21.6%	12,000	+20.0%	0.54%	+30.7%
MGI	Sell	MONEYGRAM INTERNATIONAL INC	$957,000	-53.8%	59,386	-50.6%	0.49%	-50.3%
GTN	New	GRAY TELEVISION INC	$797,000	–	50,794	–	0.41%	–
DPS	Sell	DR PEPPER SNAPPLE GROUP INC	$769,000	-10.2%	8,697	-7.4%	0.40%	-3.2%
HSNI	New	HSN INC	$758,000	–	19,400	–	0.39%	–
CONE	Sell	CYRUSONE INCreit	$669,000	-2.9%	11,350	-8.1%	0.34%	+4.5%
SHEN	Sell	SHENANDOAH TELECOMMUN CO	$624,000	+8.3%	16,774	-10.7%	0.32%	+16.7%
FPO	New	FIRST POTOMAC REALTY TRUSTreit	$596,000	–	53,500	–	0.31%	–
WSTC	Buy	WEST CORP	$508,000	+86.8%	21,652	+85.8%	0.26%	+101.5%
TMUS	Sell	T-MOBILE US INC	$462,000	-4.5%	7,488	-6.3%	0.24%	+2.6%
FTRCQ	New	FRONTIER COMMUNICATIONS CORP SER B	$459,000	–	38,900	–	0.24%	–
RATE	New	BANKRATE INC	$454,000	–	32,559	–	0.23%	–
MCY	Sell	MERCURY GENERAL CORP	$431,000	-2.7%	7,600	-7.3%	0.22%	+4.7%
GCI	Sell	GANNETT CO INC	$375,000	-8.5%	41,658	-11.5%	0.19%	-1.5%
AHC	Buy	AH BELO CORP-A	$355,000	-8.5%	77,195	+9.5%	0.18%	-1.6%
SPA	New	SPARTON CORP	$334,000	–	14,400	–	0.17%	–
LSCC	Sell	LATTICE SEMICONDUCTOR CORP	$328,000	-64.8%	63,000	-55.0%	0.17%	-62.2%
CPN	New	CALPINE CORPORATION	$295,000	–	20,000	–	0.15%	–
AVA	New	AVISTA CORP	$259,000	–	5,000	–	0.13%	–
NEFF	New	NEFF CORP-CLASS A	$250,000	–	10,000	–	0.13%	–
TESO	New	TESCO CORP	$193,000	–	35,393	–	0.10%	–
HCRSQ	Buy	HI-CRUSH PARTNERS LPunit	$192,000	+73.0%	20,192	+98.1%	0.10%	+86.8%
COVS	Exit	COVISINT CORP	$0	–	-33,833	–	-0.04%	–
PTXP	Exit	PENNTEX MIDSTREAM PARTNERS Lunit	$0	–	-10,200	–	-0.10%	–
PTHN	Exit	PATHEON NV	$0	–	-10,000	–	-0.17%	–
NVET	Exit	NEXVET BIOPHARMA PLC	$0	–	-57,790	–	-0.19%	–
ARIS	Exit	ARI NETWORK SERVICES	$0	–	-67,171	–	-0.23%	–
WMAR	Exit	WEST MARINE INC	$0	–	-45,977	–	-0.28%	–
DFT	Exit	DUPONT FABROS TECHNOLOGYreit	$0	–	-10,000	–	-0.29%	–
NSR	Exit	NEUSTAR INC-CLASS A	$0	–	-20,000	–	-0.32%	–
RAD	Exit	RITE AID CORP	$0	–	-315,000	–	-0.44%	–
DESTQ	Exit	DESTINATION MATERNITY CORPORATION	$0	–	-317,576	–	-0.49%	–
WPT	Exit	WORLD POINT TERMINALS LPunit	$0	–	-100,000	–	-0.83%	–
NSAT	Exit	NORSAT INTERNATIONAL INC	$0	–	-157,735	–	-0.86%	–
EGAS	Exit	GAS NATURAL INC	$0	–	-144,438	–	-0.90%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-30,000	–	-0.94%	–
MBBYF	Exit	MOBILEYE NV	$0	–	-39,300	–	-1.18%	–
PNRA	Exit	PANERA BREAD COMPANY-CL A	$0	–	-8,000	–	-1.21%	–
CAB	Exit	CABELAS INC-CL A	$0	–	-44,000	–	-1.25%	–
ELOS	Exit	SYNERON MEDICAL LTD	$0	–	-260,000	–	-1.36%	–
SPLS	Exit	STAPLES INC	$0	–	-300,000	–	-1.45%	–
KATE	Exit	KATE SPADE & CO	$0	–	-210,000	–	-1.86%	–
OKS	Exit	ONEOK PARTNERS LPltdp	$0	–	-110,000	–	-2.69%	–
WOOF	Exit	VCA INC	$0	–	-70,400	–	-3.12%	–
AWHHF	Exit	ALLIED WORLD ASSURANCE HOLD	$0	–	-140,000	–	-3.55%	–

Q2 2017

			Value		Shares		↓ Weighting
IWM	New	ISHARES RUSSELL 2000	$19,024,000	–	135,000	–	9.12%	–
VIAB	New	VIACOM INC-CLASS B	$9,692,000	–	288,704	–	4.65%	–
TWX	New	TIME WARNER INC	$7,497,000	–	74,668	–	3.59%	–
AWHHF	New	ALLIED WORLD ASSURANCE HOLD	$7,406,000	–	140,000	–	3.55%	–
BCR	New	BARD (C.R.) INC	$7,362,000	–	23,290	–	3.53%	–
AMCX	New	AMC NETWORKS INC	$7,017,000	–	131,388	–	3.36%	–
WOOF	New	VCA INC	$6,499,000	–	70,400	–	3.12%	–
TRCO	New	TRIBUNE MEDIA COMPANY	$5,626,000	–	138,000	–	2.70%	–
OKS	New	ONEOK PARTNERS LPltdp	$5,618,000	–	110,000	–	2.69%	–
CARS	New	CARS.COM INC	$5,216,000	–	195,876	–	2.50%	–
NYRT	New	NEW YORK REIT INCreit	$4,768,000	–	551,800	–	2.29%	–
MON	New	MONSANTO CO	$4,734,000	–	40,000	–	2.27%	–
TGNA	New	TEGNA INC	$4,434,000	–	307,729	–	2.13%	–
MSGN	New	MADISON SQUARE GARD-A/NEW	$4,362,000	–	194,282	–	2.09%	–
VIA	New	VIACOM INC-CLASS A	$4,285,000	–	112,625	–	2.05%	–
ALR	New	ALERE INC	$4,276,000	–	85,200	–	2.05%	–
KATE	New	KATE SPADE & CO	$3,883,000	–	210,000	–	1.86%	–
EQIX	New	EQUINIX INC	$3,769,000	–	8,783	–	1.81%	–
NXST	New	NEXSTAR BROADCASTING GROUP-A	$3,535,000	–	59,113	–	1.70%	–
SPLS	New	STAPLES INC	$3,021,000	–	300,000	–	1.45%	–
GOGO	New	GOGO INC	$2,975,000	–	258,010	–	1.43%	–
ELOS	New	SYNERON MEDICAL LTD	$2,847,000	–	260,000	–	1.36%	–
LUMN	New	CENTURYLINK INC	$2,734,000	–	114,500	–	1.31%	–
CAB	New	CABELAS INC-CL A	$2,614,000	–	44,000	–	1.25%	–
PNRA	New	PANERA BREAD COMPANY-CL A	$2,517,000	–	8,000	–	1.21%	–
WGL	New	WGL HOLDINGS INC	$2,503,000	–	30,000	–	1.20%	–
MBBYF	New	MOBILEYE NV	$2,468,000	–	39,300	–	1.18%	–
ATW	New	ATWOOD OCEANICS INC	$2,445,000	–	300,000	–	1.17%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$2,409,000	–	566,908	–	1.16%	–
LVLT	New	LEVEL 3 COMMUNICATIONS INC	$2,396,000	–	40,411	–	1.15%	–
NWSA	New	NEWS CORP/NEW-CL A	$2,308,000	–	168,465	–	1.11%	–
BRCD	New	BROCADE COMMUNICATIONS SYS	$2,270,000	–	180,000	–	1.09%	–
MGI	New	MONEYGRAM INTERNATIONAL INC	$2,073,000	–	120,186	–	0.99%	–
MSGS	New	MADISON SQUARE GARDEN COMPANY (THE) CL A	$2,058,000	–	10,453	–	0.99%	–
CBB	New	CINCINNATI BELL INC	$1,953,000	–	99,899	–	0.94%	–
RAI	New	REYNOLDS AMERICAN INC	$1,951,000	–	30,000	–	0.94%	–
AC	New	ASSOCIATED CAPITAL GROUP	$1,876,000	–	55,183	–	0.90%	–
EGAS	New	GAS NATURAL INC	$1,867,000	–	144,438	–	0.90%	–
MSFT	New	MICROSOFT CORP	$1,862,000	–	27,016	–	0.89%	–
NSAT	New	NORSAT INTERNATIONAL INC	$1,798,000	–	157,735	–	0.86%	–
NXPI	New	NXP SEMICONDUCTORS NV	$1,773,000	–	16,200	–	0.85%	–
WPT	New	WORLD POINT TERMINALS LPunit	$1,728,000	–	100,000	–	0.83%	–
INXN	New	INTERXION HOLDING NV	$1,696,000	–	37,051	–	0.81%	–
AAPL	New	APPLE COMPUTER INC	$1,692,000	–	11,750	–	0.81%	–
GPC	New	GENUINE PARTS CO	$1,549,000	–	16,700	–	0.74%	–
GBL	New	GAMCO INVESTORS INC-A	$1,523,000	–	51,444	–	0.73%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$1,520,000	–	85,322	–	0.73%	–
CABO	New	CABLE ONE INC	$1,422,000	–	2,000	–	0.68%	–
RICE	New	RICE ENERGY INC	$1,332,000	–	50,000	–	0.64%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$1,307,000	–	35,290	–	0.63%	–
FIG	New	FORTRESS INVESTMENT GRP-CL Altdp	$1,199,000	–	150,000	–	0.58%	–
TR	New	TOOTSIE ROLL INDS	$1,084,000	–	31,096	–	0.52%	–
SNI	New	SCRIPPS NETWORKS INTER-CL A	$1,034,000	–	15,142	–	0.50%	–
DESTQ	New	DESTINATION MATERNITY CORPORATION	$1,026,000	–	317,576	–	0.49%	–
DISCA	New	DISCOVERY COMMUNICATIONS-A	$982,000	–	38,029	–	0.47%	–
ROST	New	ROSS STORES INC	$970,000	–	16,800	–	0.46%	–
LSCC	New	LATTICE SEMICONDUCTOR CORP	$932,000	–	140,000	–	0.45%	–
RAD	New	RITE AID CORP	$929,000	–	315,000	–	0.44%	–
STRP	New	STRAIGHT PATH COMM-CL B	$898,000	–	5,000	–	0.43%	–
PRXL	New	PAREXEL INTERNATIONAL CORP	$869,000	–	10,000	–	0.42%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$856,000	–	9,397	–	0.41%	–
LGFB	New	LIONS GATE ENTERTAINMENT-B	$850,000	–	32,331	–	0.41%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$845,000	–	12,947	–	0.40%	–
SMG	New	SCOTTS MIRACLE-GRO CO-CL A	$778,000	–	8,700	–	0.37%	–
FGL	New	FIDELITY & GUARANTY LIFE	$776,000	–	25,000	–	0.37%	–
CONE	New	CYRUSONE INCreit	$689,000	–	12,350	–	0.33%	–
NSR	New	NEUSTAR INC-CLASS A	$667,000	–	20,000	–	0.32%	–
DFT	New	DUPONT FABROS TECHNOLOGYreit	$612,000	–	10,000	–	0.29%	–
WMAR	New	WEST MARINE INC	$591,000	–	45,977	–	0.28%	–
SHEN	New	SHENANDOAH TELECOMMUN CO	$576,000	–	18,774	–	0.28%	–
DISCK	New	DISCOVERY COMMUNICATIONS-C	$535,000	–	21,214	–	0.26%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$509,000	–	2	–	0.24%	–
TMUS	New	T-MOBILE US INC	$484,000	–	7,988	–	0.23%	–
ARIS	New	ARI NETWORK SERVICES	$474,000	–	67,171	–	0.23%	–
PKY	New	PARKWAY INCreit	$458,000	–	20,000	–	0.22%	–
DDC	New	DOMINION DIAMOND CORP	$450,000	–	35,800	–	0.22%	–
MCY	New	MERCURY GENERAL CORP	$443,000	–	8,200	–	0.21%	–
GCI	New	GANNETT CO INC	$410,000	–	47,058	–	0.20%	–
VWR	New	VWR CORP	$399,000	–	12,100	–	0.19%	–
AHC	New	AH BELO CORP-A	$388,000	–	70,495	–	0.19%	–
NVET	New	NEXVET BIOPHARMA PLC	$387,000	–	57,790	–	0.19%	–
LMOS	New	LUMOS NETWORKS CORP	$386,000	–	21,577	–	0.18%	–
KAR	New	KAR AUCTION SERVICES INC	$379,000	–	9,021	–	0.18%	–
PTHN	New	PATHEON NV	$349,000	–	10,000	–	0.17%	–
ROL	New	ROLLINS INC	$305,000	–	7,500	–	0.15%	–
WSTC	New	WEST CORP	$272,000	–	11,652	–	0.13%	–
CNSL	New	CONSOLIDATED COMMUNICATIONS	$255,000	–	11,882	–	0.12%	–
WFTIQ	New	WEATHERFORD INTL PLC	$232,000	–	60,000	–	0.11%	–
WMIH	New	WMI HLDGS CORP	$214,000	–	171,499	–	0.10%	–
PTXP	New	PENNTEX MIDSTREAM PARTNERS Lunit	$204,000	–	10,200	–	0.10%	–
LGL	New	LGL GROUP INCwrnt	$137,000	–	28,400	–	0.07%	–
HCRSQ	New	HI-CRUSH PARTNERS LPunit	$111,000	–	10,192	–	0.05%	–
COVS	New	COVISINT CORP	$83,000	–	33,833	–	0.04%	–
ABCD	New	CAMBIUM LEARNING GROUP INC	$66,000	–	13,100	–	0.03%	–
PZG	New	PARAMOUNT GOLD NEVADA CORP	$23,000	–	15,000	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
PZG	Exit	PARAMOUNT GOLD NEVADA CORP	$0	–	-15,000	–	-0.02%	–
ABCD	Exit	CAMBIUM LEARNING GROUP INC	$0	–	-13,100	–	-0.04%	–
LGL	Exit	LGL GROUP INCwrnt	$0	–	-28,400	–	-0.06%	–
RPTP	Exit	RAPTOR PHARMACEUTICAL	$0	–	-13,814	–	-0.06%	–
GLDC	Exit	GOLDEN ENTERPRISES	$0	–	-11,038	–	-0.06%	–
ACW	Exit	ACCURIDE CORP	$0	–	-55,293	–	-0.07%	–
TRNC	Exit	TRONC INC	$0	–	-11,150	–	-0.09%	–
MHGC	Exit	MORGANS HOTEL GROUP CO	$0	–	-97,583	–	-0.10%	–
ROL	Exit	ROLLINS INC	$0	–	-7,500	–	-0.11%	–
STRZB	Exit	STARZ - LIBERTY CAPITAL	$0	–	-7,412	–	-0.12%	–
WMIH	Exit	WMI HLDGS CORP	$0	–	-121,499	–	-0.14%	–
CNSL	Exit	CONSOLIDATED COMMUNICATIONS	$0	–	-11,882	–	-0.15%	–
FOXA	Exit	TWENTY-FIRST CENTURY-CL A	$0	–	-15,200	–	-0.18%	–
RIGP	Exit	TRANSOCEAN PARTNERS LLCunit	$0	–	-30,000	–	-0.18%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-7,988	–	-0.18%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-9,021	–	-0.19%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-2	–	-0.21%	–
CVT	Exit	CVENT INC	$0	–	-14,083	–	-0.22%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-28,255	–	-0.22%	–
MCY	Exit	MERCURY GENERAL CORP	$0	–	-8,200	–	-0.22%	–
BLOX	Exit	INFOBLOX INC	$0	–	-18,700	–	-0.24%	–
SHEN	Exit	SHENANDOAH TELECOMMUN CO	$0	–	-18,774	–	-0.25%	–
AHC	Exit	AH BELO CORP-A	$0	–	-70,495	–	-0.26%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS-C	$0	–	-21,214	–	-0.28%	–
CONE	Exit	CYRUSONE INCreit	$0	–	-12,350	–	-0.29%	–
CLC	Exit	CLARCOR INC	$0	–	-10,452	–	-0.34%	–
SMG	Exit	SCOTTS MIRACLE-GRO CO-CL A	$0	–	-8,700	–	-0.36%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURI	$0	–	-12,947	–	-0.37%	–
RAD	Exit	RITE AID CORP	$0	–	-100,000	–	-0.38%	–
SNI	Exit	SCRIPPS NETWORKS INTER-CL A	$0	–	-13,142	–	-0.41%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-20,000	–	-0.42%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-9,397	–	-0.42%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP-A	$0	–	-35,290	–	-0.47%	–
XLF	Exit	FINANCIAL SELECT SECTOR SPDR	$0	–	-50,000	–	-0.48%	–
TRCO	Exit	TRIBUNE MEDIA COMPANY	$0	–	-28,000	–	-0.50%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS-A	$0	–	-38,029	–	-0.50%	–
INAP	Exit	INTERNAP CORPORATION	$0	–	-623,810	–	-0.51%	–
ROST	Exit	ROSS STORES INC	$0	–	-16,800	–	-0.53%	–
TR	Exit	TOOTSIE ROLL INDS	$0	–	-30,191	–	-0.55%	–
SEMI	Exit	SUNEDISON SEMICONDUCTOR LTD	$0	–	-100,000	–	-0.56%	–
GCI	Exit	GANNETT CO INC	$0	–	-99,581	–	-0.57%	–
TLN	Exit	TALEN ENERGY CORP	$0	–	-85,000	–	-0.58%	–
STRZA	Exit	STARZ LLC SER A	$0	–	-40,753	–	-0.63%	–
INXN	Exit	INTERXION HOLDING NV	$0	–	-37,051	–	-0.66%	–
SKUL	Exit	SKULLCANDY INC	$0	–	-213,211	–	-0.67%	–
NYRT	Exit	NEW YORK REIT INCreit	$0	–	-151,800	–	-0.68%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-12,350	–	-0.69%	–
GBL	Exit	GAMCO INVESTORS INC-A	$0	–	-51,444	–	-0.72%	–
SAAS	Exit	INCONTACT INC	$0	–	-107,000	–	-0.74%	–
HTCH	Exit	HUTCHINSON TECH	$0	–	-385,215	–	-0.76%	–
EPIQ	Exit	EPIQ SYSTEMS INC	$0	–	-93,600	–	-0.76%	–
FGL	Exit	FIDELITY & GUARANTY LIFE	$0	–	-66,996	–	-0.77%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-27,016	–	-0.77%	–
CABO	Exit	CABLE ONE INC	$0	–	-2,700	–	-0.78%	–
WWAV	Exit	WHITEWAVE FOODS CO - A	$0	–	-30,000	–	-0.81%	–
NTIP	Exit	NETWORK-1 SECURITY SOLUTIONS	$0	–	-600,499	–	-0.81%	–
VTAE	Exit	VITAE PHARMACEUTICALS INC	$0	–	-80,000	–	-0.83%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-16,700	–	-0.83%	–
AVGTF	Exit	AVG TECHNOLOGIES	$0	–	-69,062	–	-0.85%	–
MSGS	Exit	MADISON SQUARE GARDEN COMPANY (THE) CL A	$0	–	-10,453	–	-0.87%	–
AC	Exit	ASSOCIATED CAPITAL GROUP	$0	–	-55,183	–	-0.97%	–
MON	Exit	MONSANTO CO	$0	–	-20,000	–	-1.01%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP-A	$0	–	-35,688	–	-1.02%	–
PNY	Exit	PIEDMONT NATURAL GAS CO	$0	–	-36,138	–	-1.07%	–
GOGO	Exit	GOGO INC	$0	–	-200,010	–	-1.09%	–
ITC	Exit	ITC HOLDINGS CORP	$0	–	-50,000	–	-1.15%	–
DB	Exit	DEUTSCHE BANK AG-REGISTERED	$0	–	-200,000	–	-1.29%	–
MSGN	Exit	MADISON SQUARE GARD-A/NEW	$0	–	-145,282	–	-1.33%	–
NWSA	Exit	NEWS CORP/NEW-CL A	$0	–	-208,465	–	-1.44%	–
TGNA	Exit	TEGNA INC	$0	–	-136,722	–	-1.48%	–
MEG	Exit	MEDIA GENERAL INC	$0	–	-167,561	–	-1.52%	–
FTR	Exit	FRONTIER COMMUNICATIONS CORP SER B	$0	–	-799,192	–	-1.64%	–
RAX	Exit	RACKSPACE HOSTING INC	$0	–	-107,200	–	-1.68%	–
CST	Exit	CST BRANDS INC	$0	–	-73,501	–	-1.74%	–
EQIX	Exit	EQUINIX INC	$0	–	-10,583	–	-1.88%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-82,688	–	-2.12%	–
IM	Exit	INGRAM MICRO INC-CL A	$0	–	-130,000	–	-2.29%	–
CPHD	Exit	CEPHEID INC	$0	–	-90,000	–	-2.34%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-60,000	–	-2.36%	–
TWX	Exit	TIME WARNER INC	$0	–	-60,668	–	-2.38%	–
VIA	Exit	VIACOM INC-CLASS A	$0	–	-123,011	–	-2.60%	–
LXK	Exit	LEXMARK INTERNATIONAL INC-A	$0	–	-180,500	–	-3.56%	–
VIAB	Exit	VIACOM INC-CLASS B	$0	–	-286,704	–	-5.39%	–
LNKD	Exit	LINKEDIN CORP - A	$0	–	-70,238	–	-6.62%	–
IWM	Exit	ISHARES RUSSELL 2000	$0	–	-400,000	–	-24.52%	–

Q3 2016

			Value		Shares		↓ Weighting
IWM	Buy	ISHARES RUSSELL 2000	$49,684,000	+116.1%	400,000	+100.0%	24.52%	+126.2%
LNKD	Buy	LINKEDIN CORP - A	$13,424,000	+38.4%	70,238	+37.1%	6.62%	+44.9%
VIAB	Buy	VIACOM INC-CLASS B	$10,923,000	+120.0%	286,704	+139.5%	5.39%	+130.4%
LXK	Buy	LEXMARK INTERNATIONAL INC-A	$7,213,000	+154.8%	180,500	+140.7%	3.56%	+166.8%
TWX	Sell	TIME WARNER INC	$4,830,000	+4.0%	60,668	-4.0%	2.38%	+8.9%
STJ	Buy	ST JUDE MEDICAL INC	$4,786,000	+22.7%	60,000	+20.0%	2.36%	+28.5%
CPHD	New	CEPHEID INC	$4,742,000	–	90,000	–	2.34%	–
AMCX	Buy	AMC NETWORKS INC	$4,288,000	+716.8%	82,688	+851.7%	2.12%	+756.7%
EQIX	Sell	EQUINIX INC	$3,813,000	-14.0%	10,583	-7.5%	1.88%	-10.0%
CST	Buy	CST BRANDS INC	$3,535,000	+88.6%	73,501	+69.0%	1.74%	+97.5%
RAX	New	RACKSPACE HOSTING INC	$3,397,000	–	107,200	–	1.68%	–
FTR	Buy	FRONTIER COMMUNICATIONS CORP SER B	$3,325,000	+229.5%	799,192	+291.4%	1.64%	+245.5%
TGNA	Buy	TEGNA INC	$2,989,000	+11.7%	136,722	+18.3%	1.48%	+16.9%
NWSA	Sell	NEWS CORP/NEW-CL A	$2,914,000	-19.4%	208,465	-34.5%	1.44%	-15.6%
MSGN	Buy	MADISON SQUARE GARD-A/NEW	$2,704,000	+103.9%	145,282	+68.0%	1.33%	+113.4%
DB	New	DEUTSCHE BANK AG-REGISTERED	$2,618,000	–	200,000	–	1.29%	–
ITC	Buy	ITC HOLDINGS CORP	$2,324,000	+65.4%	50,000	+66.7%	1.15%	+73.3%
GOGO	Buy	GOGO INC	$2,208,000	+46.2%	200,010	+11.1%	1.09%	+52.9%
PNY	Buy	PIEDMONT NATURAL GAS CO	$2,170,000	+201.0%	36,138	+201.2%	1.07%	+215.0%
MON	New	MONSANTO CO	$2,044,000	–	20,000	–	1.01%	–
AC	Sell	ASSOCIATED CAPITAL GROUP	$1,957,000	+9.2%	55,183	-11.7%	0.97%	+14.5%
MSGS	Sell	MADISON SQUARE GARDEN COMPANY (THE) CL A	$1,771,000	-6.3%	10,453	-4.6%	0.87%	-1.9%
AVGTF	New	AVG TECHNOLOGIES	$1,727,000	–	69,062	–	0.85%	–
VTAE	New	VITAE PHARMACEUTICALS INC	$1,674,000	–	80,000	–	0.83%	–
NTIP	Sell	NETWORK-1 SECURITY SOLUTIONS	$1,639,000	-0.7%	600,499	-3.2%	0.81%	+4.0%
WWAV	New	WHITEWAVE FOODS CO - A	$1,633,000	–	30,000	–	0.81%	–
CABO	Sell	CABLE ONE INC	$1,577,000	+2.8%	2,700	-10.0%	0.78%	+7.6%
MSFT	Sell	MICROSOFT CORP	$1,556,000	+1.3%	27,016	-10.0%	0.77%	+6.1%
FGL	Sell	FIDELITY & GUARANTY LIFE	$1,554,000	-50.0%	66,996	-50.1%	0.77%	-47.7%
EPIQ	New	EPIQ SYSTEMS INC	$1,543,000	–	93,600	–	0.76%	–
HTCH	Buy	HUTCHINSON TECH	$1,533,000	+2687.3%	385,215	+2284.5%	0.76%	+2807.7%
SAAS	Buy	INCONTACT INC	$1,496,000	+107.8%	107,000	+105.8%	0.74%	+117.7%
AAPL	Sell	APPLE COMPUTER INC	$1,396,000	+9.0%	12,350	-7.8%	0.69%	+14.1%
NYRT	New	NEW YORK REIT INCreit	$1,389,000	–	151,800	–	0.68%	–
SKUL	Buy	SKULLCANDY INC	$1,352,000	+10.1%	213,211	+6.6%	0.67%	+15.2%
INXN	Sell	INTERXION HOLDING NV	$1,342,000	-6.8%	37,051	-5.1%	0.66%	-2.5%
TLN	Buy	TALEN ENERGY CORP	$1,177,000	+15.8%	85,000	+13.3%	0.58%	+21.3%
GCI	Sell	GANNETT CO INC	$1,159,000	-41.3%	99,581	-30.4%	0.57%	-38.6%
SEMI	New	SUNEDISON SEMICONDUCTOR LTD	$1,139,000	–	100,000	–	0.56%	–
INAP	Buy	INTERNAP CORPORATION	$1,029,000	+31.2%	623,810	+64.0%	0.51%	+37.7%
TRCO	Sell	TRIBUNE MEDIA COMPANY	$1,023,000	-21.8%	28,000	-16.2%	0.50%	-18.2%
XLF	New	FINANCIAL SELECT SECTOR SPDR	$965,000	–	50,000	–	0.48%	–
PAHC	Sell	PHIBRO ANIMAL HEALTH CORP-A	$959,000	+45.3%	35,290	-0.3%	0.47%	+52.1%
DPS	Sell	DR PEPPER SNAPPLE GROUP INC	$858,000	-10.3%	9,397	-5.1%	0.42%	-6.2%
SE	New	SPECTRA ENERGY CORP	$855,000	–	20,000	–	0.42%	–
RAD	Sell	RITE AID CORP	$769,000	-82.6%	100,000	-83.0%	0.38%	-81.8%
FBHS	Sell	FORTUNE BRANDS HOME & SECURI	$752,000	-2.8%	12,947	-3.0%	0.37%	+1.6%
SMG	Sell	SCOTTS MIRACLE-GRO CO-CL A	$724,000	+12.6%	8,700	-5.4%	0.36%	+17.8%
CONE	Sell	CYRUSONE INCreit	$587,000	-18.9%	12,350	-5.0%	0.29%	-15.0%
AHC	Sell	AH BELO CORP-A	$518,000	+28.9%	70,495	-12.2%	0.26%	+35.4%
BLOX	New	INFOBLOX INC	$493,000	–	18,700	–	0.24%	–
MCY	Sell	MERCURY GENERAL CORP	$450,000	-2.6%	8,200	-5.7%	0.22%	+1.8%
CVT	Sell	CVENT INC	$447,000	-83.1%	14,083	-81.0%	0.22%	-82.3%
KAR	Sell	KAR AUCTION SERVICES INC	$389,000	-2.0%	9,021	-5.3%	0.19%	+2.7%
RIGP	New	TRANSOCEAN PARTNERS LLCunit	$370,000	–	30,000	–	0.18%	–
FOXA	Sell	TWENTY-FIRST CENTURY-CL A	$368,000	-15.0%	15,200	-5.0%	0.18%	-10.8%
TRNC	Sell	TRONC INC	$188,000	+3.9%	11,150	-15.2%	0.09%	+9.4%
ACW	New	ACCURIDE CORP	$142,000	–	55,293	–	0.07%	–
GLDC	New	GOLDEN ENTERPRISES	$132,000	–	11,038	–	0.06%	–
RPTP	New	RAPTOR PHARMACEUTICAL	$124,000	–	13,814	–	0.06%	–
LGL	Sell	LGL GROUP INCwrnt	$121,000	+26.0%	28,400	-3.4%	0.06%	+33.3%
ABCD	Sell	CAMBIUM LEARNING GROUP INC	$71,000	+4.4%	13,100	-13.2%	0.04%	+9.4%
DWA	Exit	DREAMWORKS ANIMATION SKG-A	$0	–	-5,000	–	-0.10%	–
WDR	Exit	WADDELL & REED FINANCIAL-A	$0	–	-15,365	–	-0.12%	–
MRD	Exit	MEMORIAL RESOURCE DEVELOPMENT CORP	$0	–	-20,000	–	-0.15%	–
WNR	Exit	WESTERN REFINING INC	$0	–	-17,337	–	-0.17%	–
NSPH	Exit	NANOSPHERE INC	$0	–	-275,000	–	-0.22%	–
Q104PS	Exit	PARKWAY PROPERTIES INCreit	$0	–	-30,000	–	-0.24%	–
RDEN	Exit	ELIZABETH ARDEN INC	$0	–	-40,000	–	-0.26%	–
HTWR	Exit	HEARTWARE INTERNATIONAL INC	$0	–	-10,000	–	-0.27%	–
REXI	Exit	RESOURCE AMERICA INC-CL A	$0	–	-60,000	–	-0.28%	–
TUMI	Exit	TUMI HOLDINGS INC	$0	–	-23,428	–	-0.30%	–
SSRG	Exit	SYMMETRY SURGICAL INC	$0	–	-54,499	–	-0.34%	–
MKTO	Exit	MARKETO INC	$0	–	-23,903	–	-0.39%	–
GAS	Exit	AGL RESOURCES	$0	–	-15,000	–	-0.47%	–
FEIC	Exit	FEI COMPANY	$0	–	-10,000	–	-0.50%	–
SQI	Exit	SCIQUEST INC	$0	–	-60,967	–	-0.51%	–
RLOC	Exit	REACHLOCAL INC	$0	–	-241,100	–	-0.52%	–
PLCM	Exit	POLYCOM INC	$0	–	-102,006	–	-0.54%	–
DRII	Exit	DIAMOND RESORTS INTERNATIONA	$0	–	-40,000	–	-0.56%	–
MESG	Exit	XURA INC	$0	–	-50,000	–	-0.58%	–
NKA	Exit	NISKA GAS STORAGE PARTNERS-Uunit	$0	–	-291,805	–	-0.58%	–
MFLX	Exit	MULTI-FINELINE ELECTRONIX IN	$0	–	-61,937	–	-0.68%	–
HUM	Exit	HUMANA INC	$0	–	-8,000	–	-0.68%	–
KLAC	Exit	KLA-TENCOR CORPORATION	$0	–	-20,000	–	-0.69%	–
DWRE	Exit	DEMANDWARE	$0	–	-20,000	–	-0.71%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-500,000	–	-0.78%	–
AXLL	Exit	AXIALL CORPORATION	$0	–	-60,000	–	-0.92%	–
EXAM	Exit	EXAMWORKS GROUP INC	$0	–	-60,000	–	-0.98%	–
XNPT	Exit	XENOPORT INC	$0	–	-383,763	–	-1.27%	–
ET	Exit	ENERGY TRANSFER EQUITY LPltdp	$0	–	-200,000	–	-1.35%	–
CBB	Exit	CINCINNATI BELL INC	$0	–	-652,131	–	-1.40%	–
CPXX	Exit	CELATOR PHARMACEUTICALS INC	$0	–	-104,600	–	-1.49%	–
ELRC	Exit	ELECTRO RENT CORP	$0	–	-219,254	–	-1.59%	–
AGN	Exit	ALLERGAN PLC	$0	–	-15,000	–	-1.63%	–
QLIK	Exit	QLIK TECHNOLOGIES INC	$0	–	-147,400	–	-2.06%	–
HOT	Exit	STARWOOD HOTELS & RESORTS	$0	–	-75,000	–	-2.61%	–
EMC	Exit	EMC CORP - MASS	$0	–	-400,000	–	-5.12%	–
EEM	Exit	ISHARES MSCI EMERGING MKT IN	$0	–	-475,000	–	-7.69%	–

Q2 2016

			Value		Shares		↓ Weighting
IWM	New	ISHARES RUSSELL 2000	$22,996,000	–	200,000	–	10.84%	–
EEM	New	ISHARES MSCI EMERGING MKT IN	$16,321,000	–	475,000	–	7.69%	–
EMC	New	EMC CORP - MASS	$10,868,000	–	400,000	–	5.12%	–
LNKD	New	LINKEDIN CORP - A	$9,697,000	–	51,238	–	4.57%	–
VIA	New	VIACOM INC-CLASS A	$5,710,000	–	123,011	–	2.69%	–
HOT	New	STARWOOD HOTELS & RESORTS	$5,546,000	–	75,000	–	2.61%	–
VIAB	New	VIACOM INC-CLASS B	$4,964,000	–	119,704	–	2.34%	–
TWX	New	TIME WARNER INC	$4,645,000	–	63,168	–	2.19%	–
IM	New	INGRAM MICRO INC-CL A	$4,521,000	–	130,000	–	2.13%	–
EQIX	New	EQUINIX INC	$4,435,000	–	11,438	–	2.09%	–
RAD	New	RITE AID CORP	$4,407,000	–	588,408	–	2.08%	–
QLIK	New	QLIK TECHNOLOGIES INC	$4,360,000	–	147,400	–	2.06%	–
STJ	New	ST JUDE MEDICAL INC	$3,900,000	–	50,000	–	1.84%	–
NWSA	New	NEWS CORP/NEW-CL A	$3,615,000	–	318,465	–	1.70%	–
AGN	New	ALLERGAN PLC	$3,466,000	–	15,000	–	1.63%	–
ELRC	New	ELECTRO RENT CORP	$3,379,000	–	219,254	–	1.59%	–
CPXX	New	CELATOR PHARMACEUTICALS INC	$3,157,000	–	104,600	–	1.49%	–
FGL	New	FIDELITY & GUARANTY LIFE	$3,111,000	–	134,196	–	1.47%	–
CBB	New	CINCINNATI BELL INC	$2,980,000	–	652,131	–	1.40%	–
MEG	New	MEDIA GENERAL INC	$2,880,000	–	167,561	–	1.36%	–
ET	New	ENERGY TRANSFER EQUITY LPltdp	$2,874,000	–	200,000	–	1.35%	–
LXK	New	LEXMARK INTERNATIONAL INC-A	$2,831,000	–	75,000	–	1.33%	–
XNPT	New	XENOPORT INC	$2,702,000	–	383,763	–	1.27%	–
TGNA	New	TEGNA INC	$2,677,000	–	115,524	–	1.26%	–
CVT	New	CVENT INC	$2,646,000	–	74,083	–	1.25%	–
EXAM	New	EXAMWORKS GROUP INC	$2,091,000	–	60,000	–	0.98%	–
GCI	New	GANNETT CO INC	$1,976,000	–	143,081	–	0.93%	–
AXLL	New	AXIALL CORPORATION	$1,957,000	–	60,000	–	0.92%	–
MSGS	New	MADISON SQUARE GARDEN COMPANY (THE) CL A	$1,890,000	–	10,953	–	0.89%	–
CST	New	CST BRANDS INC	$1,874,000	–	43,501	–	0.88%	–
AC	New	ASSOCIATED CAPITAL GROUP	$1,792,000	–	62,483	–	0.84%	–
NXST	New	NEXSTAR BROADCASTING GROUP-A	$1,698,000	–	35,688	–	0.80%	–
GPC	New	GENUINE PARTS CO	$1,691,000	–	16,700	–	0.80%	–
GBL	New	GAMCO INVESTORS INC-A	$1,686,000	–	51,444	–	0.80%	–
ODP	New	OFFICE DEPOT INC	$1,655,000	–	500,000	–	0.78%	–
NTIP	New	NETWORK-1 SECURITY SOLUTIONS	$1,651,000	–	620,599	–	0.78%	–
MSFT	New	MICROSOFT CORP	$1,536,000	–	30,016	–	0.72%	–
CABO	New	CABLE ONE INC	$1,534,000	–	3,000	–	0.72%	–
GOGO	New	GOGO INC	$1,510,000	–	180,010	–	0.71%	–
DWRE	New	DEMANDWARE	$1,498,000	–	20,000	–	0.71%	–
KLAC	New	KLA-TENCOR CORPORATION	$1,465,000	–	20,000	–	0.69%	–
INXN	New	INTERXION HOLDING NV	$1,440,000	–	39,051	–	0.68%	–
HUM	New	HUMANA INC	$1,439,000	–	8,000	–	0.68%	–
MFLX	New	MULTI-FINELINE ELECTRONIX IN	$1,437,000	–	61,937	–	0.68%	–
ITC	New	ITC HOLDINGS CORP	$1,405,000	–	30,000	–	0.66%	–
MSGN	New	MADISON SQUARE GARD-A/NEW	$1,326,000	–	86,459	–	0.62%	–
TRCO	New	TRIBUNE MEDIA COMPANY	$1,309,000	–	33,400	–	0.62%	–
AAPL	New	APPLE COMPUTER INC	$1,281,000	–	13,400	–	0.60%	–
SKUL	New	SKULLCANDY INC	$1,228,000	–	200,000	–	0.58%	–
NKA	New	NISKA GAS STORAGE PARTNERS-Uunit	$1,226,000	–	291,805	–	0.58%	–
MESG	New	XURA INC	$1,222,000	–	50,000	–	0.58%	–
STRZA	New	STARZ LLC SER A	$1,219,000	–	40,753	–	0.57%	–
DRII	New	DIAMOND RESORTS INTERNATIONA	$1,198,000	–	40,000	–	0.56%	–
TR	New	TOOTSIE ROLL INDS	$1,163,000	–	30,191	–	0.55%	–
PLCM	New	POLYCOM INC	$1,148,000	–	102,006	–	0.54%	–
RLOC	New	REACHLOCAL INC	$1,097,000	–	241,100	–	0.52%	–
SQI	New	SCIQUEST INC	$1,077,000	–	60,967	–	0.51%	–
FEIC	New	FEI COMPANY	$1,069,000	–	10,000	–	0.50%	–
TLN	New	TALEN ENERGY CORP	$1,016,000	–	75,000	–	0.48%	–
FTR	New	FRONTIER COMMUNICATIONS CORP SER B	$1,009,000	–	204,192	–	0.48%	–
GAS	New	AGL RESOURCES	$989,000	–	15,000	–	0.47%	–
DISCA	New	DISCOVERY COMMUNICATIONS-A	$959,000	–	38,029	–	0.45%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$956,000	–	9,897	–	0.45%	–
ROST	New	ROSS STORES INC	$952,000	–	16,800	–	0.45%	–
MKTO	New	MARKETO INC	$832,000	–	23,903	–	0.39%	–
SNI	New	SCRIPPS NETWORKS INTER-CL A	$818,000	–	13,142	–	0.38%	–
INAP	New	INTERNAP CORPORATION	$784,000	–	380,364	–	0.37%	–
FBHS	New	FORTUNE BRANDS HOME & SECURI	$774,000	–	13,347	–	0.36%	–
SHEN	New	SHENANDOAH TELECOMMUN CO	$733,000	–	18,774	–	0.34%	–
CONE	New	CYRUSONE INCreit	$724,000	–	13,000	–	0.34%	–
PNY	New	PIEDMONT NATURAL GAS CO	$721,000	–	12,000	–	0.34%	–
SAAS	New	INCONTACT INC	$720,000	–	52,000	–	0.34%	–
SSRG	New	SYMMETRY SURGICAL INC	$716,000	–	54,499	–	0.34%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP-A	$660,000	–	35,390	–	0.31%	–
SMG	New	SCOTTS MIRACLE-GRO CO-CL A	$643,000	–	9,200	–	0.30%	–
CLC	New	CLARCOR INC	$636,000	–	10,452	–	0.30%	–
TUMI	New	TUMI HOLDINGS INC	$626,000	–	23,428	–	0.30%	–
REXI	New	RESOURCE AMERICA INC-CL A	$583,000	–	60,000	–	0.28%	–
HTWR	New	HEARTWARE INTERNATIONAL INC	$578,000	–	10,000	–	0.27%	–
RDEN	New	ELIZABETH ARDEN INC	$550,000	–	40,000	–	0.26%	–
AMCX	New	AMC NETWORKS INC	$525,000	–	8,688	–	0.25%	–
DISCK	New	DISCOVERY COMMUNICATIONS-C	$506,000	–	21,214	–	0.24%	–
Q104PS	New	PARKWAY PROPERTIES INCreit	$502,000	–	30,000	–	0.24%	–
NSPH	New	NANOSPHERE INC	$465,000	–	275,000	–	0.22%	–
MCY	New	MERCURY GENERAL CORP	$462,000	–	8,700	–	0.22%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$448,000	–	28,255	–	0.21%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$434,000	–	2	–	0.20%	–
FOXA	New	TWENTY-FIRST CENTURY-CL A	$433,000	–	16,000	–	0.20%	–
AHC	New	AH BELO CORP-A	$402,000	–	80,334	–	0.19%	–
KAR	New	KAR AUCTION SERVICES INC	$397,000	–	9,521	–	0.19%	–
WNR	New	WESTERN REFINING INC	$358,000	–	17,337	–	0.17%	–
TMUS	New	T-MOBILE US INC	$346,000	–	7,988	–	0.16%	–
CNSL	New	CONSOLIDATED COMMUNICATIONS	$324,000	–	11,882	–	0.15%	–
MRD	New	MEMORIAL RESOURCE DEVELOPMENT CORP	$318,000	–	20,000	–	0.15%	–
WMIH	New	WMI HLDGS CORP	$270,000	–	121,499	–	0.13%	–
WDR	New	WADDELL & REED FINANCIAL-A	$265,000	–	15,365	–	0.12%	–
STRZB	New	STARZ - LIBERTY CAPITAL	$230,000	–	7,412	–	0.11%	–
ROL	New	ROLLINS INC	$220,000	–	7,500	–	0.10%	–
MHGC	New	MORGANS HOTEL GROUP CO	$209,000	–	97,583	–	0.10%	–
DWA	New	DREAMWORKS ANIMATION SKG-A	$204,000	–	5,000	–	0.10%	–
TRNC	New	TRONC INC	$181,000	–	13,150	–	0.08%	–
LGL	New	LGL GROUP INCwrnt	$96,000	–	29,400	–	0.04%	–
ABCD	New	CAMBIUM LEARNING GROUP INC	$68,000	–	15,100	–	0.03%	–
HTCH	New	HUTCHINSON TECH	$55,000	–	16,155	–	0.03%	–
PZG	New	PARAMOUNT GOLD NEVADA CORP	$25,000	–	15,000	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
TROX	Exit	TRONOX LTD	$0	–	-196	–	-0.00%	–
PZG	Exit	PARAMOUNT GOLD NEV CORP	$0	–	-35,014	–	-0.02%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-29,400	–	-0.04%	–
MM	Exit	MILLENNIAL MEDIA INC	$0	–	-44,303	–	-0.04%	–
LGL	Exit	LGL GROUP INC	$0	–	-29,400	–	-0.05%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-20,000	–	-0.07%	–
SURG	Exit	SYNERGETICS USA INC	$0	–	-20,000	–	-0.07%	–
ROL	Exit	ROLLINS INC	$0	–	-7,500	–	-0.10%	–
EPAX	Exit	AMBASSADORS GROUP INC	$0	–	-75,500	–	-0.11%	–
TIME	Exit	TIME INC NEW	$0	–	-11,708	–	-0.12%	–
SXCL	Exit	STEEL EXCEL INC	$0	–	-12,072	–	-0.12%	–
WMIH	Exit	WMIH CORP	$0	–	-100,000	–	-0.13%	–
CNSL	Exit	CONSOLIDATED COMM HLDGS INC	$0	–	-13,882	–	-0.14%	–
STRZB	Exit	STARZ	$0	–	-7,412	–	-0.14%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-10,000	–	-0.15%	–
ALE	Exit	ALLETE INC	$0	–	-5,800	–	-0.15%	–
RAD	Exit	RITE AID CORPcall	$0	–	-50,000	–	-0.16%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-6,000	–	-0.17%	–
ABCD	Exit	CAMBIUM LEARNING GRP INC	$0	–	-68,465	–	-0.17%	–
BTH	Exit	BLYTH INC	$0	–	-57,249	–	-0.18%	–
TMUS	Exit	T MOBILE US INC	$0	–	-8,988	–	-0.18%	–
PSEM	Exit	PERICOM SEMICONDUCTOR CORP	$0	–	-20,000	–	-0.19%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-10,521	–	-0.19%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-2	–	-0.20%	–
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-20,000	–	-0.21%	–
SIBC	Exit	STATE INVS BANCORP INC	$0	–	-20,000	–	-0.22%	–
ISSI	Exit	INTEGRATED SILICON SOLUTION	$0	–	-20,000	–	-0.22%	–
VIAB	Exit	VIACOM INC NEWcall	$0	–	-10,000	–	-0.22%	–
STRZA	Exit	STARZ	$0	–	-11,953	–	-0.23%	–
XOOM	Exit	XOOM CORP	$0	–	-18,300	–	-0.23%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-17,800	–	-0.25%	–
PAG	Exit	PENSKE AUTOMOTIVE GRP INC	$0	–	-10,000	–	-0.25%	–
HILL	Exit	DOT HILL SYS CORP	$0	–	-50,000	–	-0.25%	–
MCY	Exit	MERCURY GENL CORP NEW	$0	–	-9,700	–	-0.25%	–
CLC	Exit	CLARCOR INC	$0	–	-10,452	–	-0.26%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-15,700	–	-0.26%	–
ZU	Exit	ZULILY INCcl a	$0	–	-30,000	–	-0.27%	–
SHEN	Exit	SHENANDOAH TELECOMMUNICATION	$0	–	-12,637	–	-0.28%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-9,200	–	-0.29%	–
AHC	Exit	A H BELO CORP	$0	–	-114,930	–	-0.29%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-23,514	–	-0.29%	–
STNR	Exit	STEINER LEISURE LTDord	$0	–	-9,400	–	-0.31%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-10,000	–	-0.32%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-8,688	–	-0.33%	–
BEE	Exit	STRATEGIC HOTELS & RESORTS I	$0	–	-50,000	–	-0.36%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-14,642	–	-0.37%	–
MEG	Exit	MEDIA GEN INC NEW	$0	–	-53,261	–	-0.38%	–
ROST	Exit	ROSS STORES INC	$0	–	-17,200	–	-0.43%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-10,897	–	-0.44%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-5,000	–	-0.46%	–
GAS	Exit	AGL RES INC	$0	–	-15,000	–	-0.47%	–
TR	Exit	TOOTSIE ROLL INDS INC	$0	–	-29,313	–	-0.47%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-19,347	–	-0.47%	–
SFG	Exit	STANCORP FINL GROUP INC	$0	–	-9,000	–	-0.53%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-40,229	–	-0.54%	–
NTLS	Exit	NTELOS HLDGS CORP	$0	–	-122,480	–	-0.57%	–
SYA	Exit	SYMETRA FINL CORP	$0	–	-35,000	–	-0.57%	–
HNT	Exit	HEALTH NET INC	$0	–	-20,000	–	-0.62%	–
FTR	Exit	FRONTIER COMMUNICATIONS CORP	$0	–	-254,192	–	-0.62%	–
NTIP	Exit	NETWORK 1 TECHNOLOGIES INC	$0	–	-611,547	–	-0.64%	–
LMNS	Exit	LUMENIS LTD	$0	–	-89,193	–	-0.64%	–
CVC	Exit	CABLEVISION SYS CORPcl a ny cablvs	$0	–	-38,904	–	-0.65%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-16,700	–	-0.71%	–
PRE	Exit	PARTNERRE LTD	$0	–	-10,000	–	-0.72%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-33,016	–	-0.75%	–
CONE	Exit	CYRUSONE INC	$0	–	-46,812	–	-0.79%	–
ENVI	Exit	ENVIVIO INC	$0	–	-400,000	–	-0.84%	–
FSL	Exit	FREESCALE SEMICONDUCTOR LTD	$0	–	-45,000	–	-0.85%	–
AAPL	Exit	APPLE INC	$0	–	-15,400	–	-0.88%	–
INAP	Exit	INTERNAP CORP	$0	–	-292,047	–	-0.92%	–
GBL	Exit	GAMCO INVESTORS INC	$0	–	-32,765	–	-0.93%	–
CYT	Exit	CYTEC INDS INC	$0	–	-25,000	–	-0.95%	–
GYRO	Exit	GYRODYNE LLC	$0	–	-65,867	–	-0.95%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP Icl a	$0	–	-39,688	–	-0.97%	–
CABO	Exit	CABLE ONE INC	$0	–	-4,647	–	-1.00%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-154,649	–	-1.00%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-8,600	–	-1.02%	–
PGI	Exit	PREMIERE GLOBAL SVCS INC	$0	–	-147,548	–	-1.04%	–
HCC	Exit	HCC INS HLDGS INC	$0	–	-27,500	–	-1.10%	–
INXN	Exit	INTERXION HOLDING N.V	$0	–	-79,551	–	-1.11%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-60,000	–	-1.14%	–
MDP	Exit	MEREDITH CORP	$0	–	-53,000	–	-1.16%	–
XLF	Exit	SELECT SECTOR SPDR TRput	$0	–	-100,000	–	-1.17%	–
OMG	Exit	OM GROUP INC	$0	–	-73,000	–	-1.24%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-50,000	–	-1.32%	–
KYTH	Exit	KYTHERA BIOPHARMACEUTICALS I	$0	–	-35,000	–	-1.35%	–
MSG	Exit	MADISON SQUARE GARDEN COcl a	$0	–	-36,459	–	-1.35%	–
IPCM	Exit	IPC HEALTHCARE INC	$0	–	-35,000	–	-1.40%	–
TWX	Exit	TIME WARNER INC	$0	–	-39,768	–	-1.41%	–
TGNA	Exit	TEGNA INC	$0	–	-122,424	–	-1.41%	–
ALTR	Exit	ALTERA CORP	$0	–	-60,000	–	-1.55%	–
CNL	Exit	CLECO CORP NEW	$0	–	-56,600	–	-1.55%	–
CBB	Exit	CINCINNATI BELL INC NEW	$0	–	-969,027	–	-1.56%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-60,000	–	-1.61%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-73,300	–	-1.63%	–
THOR	Exit	THORATEC CORP	$0	–	-55,000	–	-1.79%	–
EQIX	Exit	EQUINIX INC	$0	–	-15,529	–	-2.19%	–
GCI	Exit	GANNETT CO INC	$0	–	-424,601	–	-3.22%	–
EEM	Exit	ISHARES TRput	$0	–	-200,000	–	-3.38%	–
HME	Exit	HOME PROPERTIES INC	$0	–	-94,400	–	-3.63%	–
TRAK	Exit	DEALERTRACK TECHNOLOGIES INC	$0	–	-113,400	–	-3.69%	–
VIA	Exit	VIACOM INC NEWcl a	$0	–	-162,687	–	-3.71%	–
CRWN	Exit	CROWN MEDIA HLDGS INCcl a	$0	–	-1,459,716	–	-4.02%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-98,500	–	-7.04%	–
IWM	Exit	ISHARES TRput	$0	–	-225,000	–	-12.65%	–

Q3 2015

			Value		Shares		↓ Weighting
IWM	Sell	ISHARES TRput	$24,570,000	-34.4%	225,000	-25.0%	12.65%	-28.3%
SIAL	Buy	SIGMA ALDRICH CORP	$13,684,000	+332.5%	98,500	+333.9%	7.04%	+372.4%
CRWN	Sell	CROWN MEDIA HLDGS INCcl a	$7,809,000	+10.1%	1,459,716	-6.9%	4.02%	+20.4%
VIA	Buy	VIACOM INC NEWcl a	$7,202,000	+33.1%	162,687	+95.0%	3.71%	+45.4%
TRAK	Buy	DEALERTRACK TECHNOLOGIES INC	$7,162,000	+241.5%	113,400	+239.5%	3.69%	+273.2%
HME	Buy	HOME PROPERTIES INC	$7,056,000	+62.6%	94,400	+58.9%	3.63%	+77.7%
EEM	New	ISHARES TRput	$6,556,000	–	200,000	–	3.38%	–
GCI	Sell	GANNETT CO INC	$6,255,000	-16.2%	424,601	-20.4%	3.22%	-8.4%
THOR	New	THORATEC CORP	$3,479,000	–	55,000	–	1.79%	–
VIAB	Buy	VIACOM INC NEWcl b	$3,163,000	-29.7%	73,300	+5.3%	1.63%	-23.2%
CNL	Buy	CLECO CORP NEW	$3,013,000	+746.3%	56,600	+757.6%	1.55%	+823.2%
ALTR	Buy	ALTERA CORP	$3,005,000	+193.5%	60,000	+200.0%	1.55%	+221.0%
TGNA	Buy	TEGNA INC	$2,741,000	-7.5%	122,424	+32.5%	1.41%	+1.1%
TWX	Sell	TIME WARNER INC	$2,734,000	-23.1%	39,768	-2.2%	1.41%	-16.0%
IPCM	New	IPC HEALTHCARE INC	$2,719,000	–	35,000	–	1.40%	–
KYTH	New	KYTHERA BIOPHARMACEUTICALS I	$2,624,000	–	35,000	–	1.35%	–
BRCM	Buy	BROADCOM CORPcl a	$2,571,000	+149.6%	50,000	+150.0%	1.32%	+172.8%
OMG	Buy	OM GROUP INC	$2,401,000	+1691.8%	73,000	+1725.0%	1.24%	+1861.9%
XLF	New	SELECT SECTOR SPDR TRput	$2,267,000	–	100,000	–	1.17%	–
MDP	New	MEREDITH CORP	$2,256,000	–	53,000	–	1.16%	–
INXN	Sell	INTERXION HOLDING N.V	$2,154,000	-6.6%	79,551	-4.7%	1.11%	+2.0%
HCC	Buy	HCC INS HLDGS INC	$2,130,000	+58.5%	27,500	+57.1%	1.10%	+73.1%
PGI	New	PREMIERE GLOBAL SVCS INC	$2,027,000	–	147,548	–	1.04%	–
PCP	New	PRECISION CASTPARTS CORP	$1,976,000	–	8,600	–	1.02%	–
CABO	New	CABLE ONE INC	$1,949,000	–	4,647	–	1.00%	–
GYRO	New	GYRODYNE LLC	$1,847,000	–	65,867	–	0.95%	–
CYT	New	CYTEC INDS INC	$1,846,000	–	25,000	–	0.95%	–
GBL	Buy	GAMCO INVESTORS INC	$1,798,000	+3.3%	32,765	+29.3%	0.93%	+12.9%
INAP	Buy	INTERNAP CORP	$1,791,000	+22287.5%	292,047	+33353.3%	0.92%	+22950.0%
ENVI	New	ENVIVIO INC	$1,636,000	–	400,000	–	0.84%	–
PRE	New	PARTNERRE LTD	$1,389,000	–	10,000	–	0.72%	–
CVC	Buy	CABLEVISION SYS CORPcl a ny cablvs	$1,263,000	+116.3%	38,904	+59.4%	0.65%	+136.4%
NTIP	New	NETWORK 1 TECHNOLOGIES INC	$1,235,000	–	611,547	–	0.64%	–
LMNS	Buy	LUMENIS LTD	$1,235,000	+328.8%	89,193	+324.7%	0.64%	+367.6%
FTR	Sell	FRONTIER COMMUNICATIONS CORP	$1,207,000	-31.1%	254,192	-28.2%	0.62%	-24.8%
HNT	New	HEALTH NET INC	$1,205,000	–	20,000	–	0.62%	–
SYA	New	SYMETRA FINL CORP	$1,108,000	–	35,000	–	0.57%	–
NTLS	New	NTELOS HLDGS CORP	$1,106,000	–	122,480	–	0.57%	–
DISCA	Buy	DISCOVERY COMMUNICATNS NEW	$1,048,000	+55.7%	40,229	+98.9%	0.54%	+70.0%
SFG	New	STANCORP FINL GROUP INC	$1,028,000	–	9,000	–	0.53%	–
GAS	New	AGL RES INC	$916,000	–	15,000	–	0.47%	–
MEG	Buy	MEDIA GEN INC NEW	$745,000	-8.9%	53,261	+7.5%	0.38%	-0.3%
BEE	New	STRATEGIC HOTELS & RESORTS I	$690,000	–	50,000	–	0.36%	–
CAM	New	CAMERON INTERNATIONAL CORP	$613,000	–	10,000	–	0.32%	–
STNR	New	STEINER LEISURE LTDord	$594,000	–	9,400	–	0.31%	–
DISCK	Sell	DISCOVERY COMMUNICATNS NEW	$571,000	-75.0%	23,514	-68.0%	0.29%	-72.7%
AHC	Buy	A H BELO CORP	$566,000	+56.8%	114,930	+78.3%	0.29%	+71.2%
ZU	New	ZULILY INCcl a	$522,000	–	30,000	–	0.27%	–
HILL	New	DOT HILL SYS CORP	$487,000	–	50,000	–	0.25%	–
XOOM	New	XOOM CORP	$455,000	–	18,300	–	0.23%	–
VIAB	Sell	VIACOM INC NEWcall	$432,000	-73.3%	10,000	-60.0%	0.22%	-70.8%
ISSI	Buy	INTEGRATED SILICON SOLUTION	$430,000	+94.6%	20,000	+100.0%	0.22%	+112.5%
MSGN	New	MSG NETWORK INCcl a	$401,000	–	20,000	–	0.21%	–
PSEM	New	PERICOM SEMICONDUCTOR CORP	$365,000	–	20,000	–	0.19%	–
BTH	New	BLYTH INC	$342,000	–	57,249	–	0.18%	–
SLH	New	SOLERA HOLDINGS INC	$325,000	–	6,000	–	0.17%	–
RAD	New	RITE AID CORPcall	$304,000	–	50,000	–	0.16%	–
ALE	Buy	ALLETE INC	$293,000	+26.3%	5,800	+16.0%	0.15%	+38.5%
STRZB	New	STARZ	$275,000	–	7,412	–	0.14%	–
WMIH	New	WMIH CORP	$260,000	–	100,000	–	0.13%	–
SXCL	New	STEEL EXCEL INC	$240,000	–	12,072	–	0.12%	–
EPAX	New	AMBASSADORS GROUP INC	$205,000	–	75,500	–	0.11%	–
SURG	New	SYNERGETICS USA INC	$131,000	–	20,000	–	0.07%	–
LGL	Buy	LGL GROUP INC	$102,000	+628.6%	29,400	+848.4%	0.05%	+657.1%
MM	New	MILLENNIAL MEDIA INC	$78,000	–	44,303	–	0.04%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$74,000	–	29,400	–	0.04%	–
TROX	New	TRONOX LTD	$4,000	–	196	–	0.00%	–
GDL	Exit	GDL FUND	$0	–	-164	–	0.00%	–
CYHHZ	Exit	COMMUNITY HEALTH SYS INC NEWright 01/27/2016	$0	–	-170,000	–	-0.00%	–
LMOS	Exit	LUMOS NETWORKS CORP	$0	–	-177	–	-0.00%	–
LGLPW	Exit	LGL GROUP INC*w exp 08/06/201	$0	–	-26,300	–	-0.00%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-200	–	-0.01%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-200	–	-0.01%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-994	–	-0.01%	–
EVC	Exit	ENTRAVISION COMMUNICATIONS Ccl a	$0	–	-2,093	–	-0.01%	–
ALTV	Exit	ALTEVA	$0	–	-2,773	–	-0.01%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-500	–	-0.01%	–
CYNO	Exit	CYNOSURE INCcl a	$0	–	-629	–	-0.01%	–
LBRDA	Exit	LIBERTY BROADBAND CORP	$0	–	-513	–	-0.01%	–
TDS	Exit	TELEPHONE & DATA SYS INC	$0	–	-1,312	–	-0.02%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-1,400	–	-0.02%	–
SPLP	Exit	STEEL PARTNERS HLDGS L Pltd prtrship u	$0	–	-2,500	–	-0.02%	–
FTRPR	Exit	FRONTIER COMMUNICATIONS CORPpfd conv ser-a	$0	–	-500	–	-0.02%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-1,332	–	-0.03%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-2,053	–	-0.04%	–
HCOM	Exit	HAWAIIAN TELCOM HOLDCO INC	$0	–	-3,139	–	-0.04%	–
EXAR	Exit	EXAR CORP	$0	–	-9,504	–	-0.04%	–
AJRD	Exit	AEROJET ROCKETDYNE HLDGS INC	$0	–	-4,733	–	-0.05%	–
DISCB	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-3,285	–	-0.05%	–
PCO	Exit	PENDRELL CORP	$0	–	-99,830	–	-0.06%	–
LMCK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-4,106	–	-0.07%	–
RTI	Exit	RTI INTL METALS INC	$0	–	-5,000	–	-0.07%	–
L	Exit	LOEWS CORP	$0	–	-4,500	–	-0.08%	–
OCR	Exit	OMNICARE INC	$0	–	-2,000	–	-0.09%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP	$0	–	-5,302	–	-0.10%	–
ANN	Exit	ANN INC	$0	–	-5,000	–	-0.11%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-5,000	–	-0.20%	–
SFXEQ	Exit	SFX ENTMT INC	$0	–	-106,400	–	-0.22%	–
NCR	Exit	NCR CORP NEW	$0	–	-17,349	–	-0.25%	–
OWW	Exit	ORBITZ WORLDWIDE INC	$0	–	-50,000	–	-0.27%	–
T107PS	Exit	WRIGHT MED GROUP INC	$0	–	-26,382	–	-0.33%	–
CBBPRB	Exit	CINCINNATI BELL INC NEWpfd cv dep1/20	$0	–	-14,550	–	-0.34%	–
RALY	Exit	RALLY SOFTWARE DEV CORP	$0	–	-43,000	–	-0.39%	–
CKSW	Exit	CLICKSOFTWARE TECHNOLOGIES Lord	$0	–	-80,000	–	-0.47%	–
BRLI	Exit	BIO-REFERENCE LABS INC	$0	–	-25,350	–	-0.49%	–
PLL	Exit	PALL CORP	$0	–	-9,000	–	-0.53%	–
FTR	Exit	FRONTIER COMMUNICATIONS CORPcall	$0	–	-250,000	–	-0.58%	–
GKNT	Exit	GEEKNET INC	$0	–	-63,876	–	-0.60%	–
AEC	Exit	ASSOCIATED ESTATES RLTY CORP	$0	–	-50,000	–	-0.68%	–
QLTY	Exit	QUALITY DISTR INC FLA	$0	–	-100,000	–	-0.73%	–
POM	Exit	PEPCO HOLDINGS INC	$0	–	-66,965	–	-0.85%	–
IGTE	Exit	IGATE CORP	$0	–	-40,000	–	-0.90%	–
INFA	Exit	INFORMATICA CORP	$0	–	-40,000	–	-0.91%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-50,758	–	-1.08%	–
MRH	Exit	MONTPELIER RE HOLDINGS LTD	$0	–	-62,530	–	-1.16%	–
ADVS	Exit	ADVENT SOFTWARE INC	$0	–	-65,700	–	-1.37%	–
PPO	Exit	POLYPORE INTL INC	$0	–	-55,000	–	-1.55%	–
HSP	Exit	HOSPIRA INC	$0	–	-50,000	–	-2.09%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-4,647	–	-2.35%	–
CTRX	Exit	CATAMARAN CORP	$0	–	-85,200	–	-2.45%	–
DRC	Exit	DRESSER-RAND GROUP INC	$0	–	-90,440	–	-3.63%	–
A309PS	Exit	DIRECTV	$0	–	-100,000	–	-4.37%	–
FDO	Exit	FAMILY DLR STORES INC	$0	–	-130,000	–	-4.83%	–

Q2 2015

			Value		Shares		↓ Weighting
IWM	New	ISHARES TRput	$37,452,000	–	300,000	–	17.64%	–
FDO	New	FAMILY DLR STORES INC	$10,246,000	–	130,000	–	4.83%	–
A309PS	New	DIRECTV	$9,279,000	–	100,000	–	4.37%	–
DRC	New	DRESSER-RAND GROUP INC	$7,703,000	–	90,440	–	3.63%	–
GCI	New	GANNETT SPINCO INC	$7,461,000	–	533,279	–	3.52%	–
CRWN	New	CROWN MEDIA HLDGS INCcl a	$7,090,000	–	1,568,567	–	3.34%	–
VIA	New	VIACOM INC NEWcl a	$5,412,000	–	83,435	–	2.55%	–
CTRX	New	CATAMARAN CORP	$5,204,000	–	85,200	–	2.45%	–
GHC	New	GRAHAM HLDGS CO	$4,995,000	–	4,647	–	2.35%	–
VIAB	New	VIACOM INC NEWcl b	$4,499,000	–	69,600	–	2.12%	–
HSP	New	HOSPIRA INC	$4,436,000	–	50,000	–	2.09%	–
HME	New	HOME PROPERTIES INC	$4,339,000	–	59,400	–	2.04%	–
EQIX	New	EQUINIX INC	$3,944,000	–	15,529	–	1.86%	–
CBB	New	CINCINNATI BELL INC NEW	$3,702,000	–	969,027	–	1.74%	–
BHI	New	BAKER HUGHES INC	$3,702,000	–	60,000	–	1.74%	–
TWX	New	TIME WARNER INC	$3,555,000	–	40,668	–	1.68%	–
WMB	New	WILLIAMS COS INC DEL	$3,444,000	–	60,000	–	1.62%	–
PPO	New	POLYPORE INTL INC	$3,293,000	–	55,000	–	1.55%	–
SIAL	New	SIGMA ALDRICH CORP	$3,164,000	–	22,700	–	1.49%	–
MSG	New	MADISON SQUARE GARDEN COcl a	$3,044,000	–	36,459	–	1.43%	–
TGNA	New	TEGNA INC	$2,964,000	–	92,424	–	1.40%	–
ADVS	New	ADVENT SOFTWARE INC	$2,905,000	–	65,700	–	1.37%	–
MRH	New	MONTPELIER RE HOLDINGS LTD	$2,470,000	–	62,530	–	1.16%	–
INXN	New	INTERXION HOLDING N.V	$2,307,000	–	83,451	–	1.09%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$2,284,000	–	73,514	–	1.08%	–
WEC	New	WEC ENERGY GROUP INC	$2,283,000	–	50,758	–	1.08%	–
NWSA	New	NEWS CORP NEWcl a	$2,256,000	–	154,649	–	1.06%	–
NXST	New	NEXSTAR BROADCASTING GROUP Icl a	$2,223,000	–	39,688	–	1.05%	–
TRAK	New	DEALERTRACK TECHNOLOGIES INC	$2,097,000	–	33,400	–	0.99%	–
INFA	New	INFORMATICA CORP	$1,939,000	–	40,000	–	0.91%	–
AAPL	New	APPLE INC	$1,932,000	–	15,400	–	0.91%	–
IGTE	New	IGATE CORP	$1,907,000	–	40,000	–	0.90%	–
POM	New	PEPCO HOLDINGS INC	$1,804,000	–	66,965	–	0.85%	–
FSL	New	FREESCALE SEMICONDUCTOR LTD	$1,799,000	–	45,000	–	0.85%	–
FTR	New	FRONTIER COMMUNICATIONS CORP	$1,753,000	–	354,192	–	0.83%	–
GBL	New	GAMCO INVESTORS INC	$1,741,000	–	25,343	–	0.82%	–
VIAB	New	VIACOM INC NEWcall	$1,616,000	–	25,000	–	0.76%	–
QLTY	New	QUALITY DISTR INC FLA	$1,546,000	–	100,000	–	0.73%	–
GPC	New	GENUINE PARTS CO	$1,495,000	–	16,700	–	0.70%	–
MSFT	New	MICROSOFT CORP	$1,458,000	–	33,016	–	0.69%	–
AEC	New	ASSOCIATED ESTATES RLTY CORP	$1,432,000	–	50,000	–	0.68%	–
CONE	New	CYRUSONE INC	$1,379,000	–	46,812	–	0.65%	–
HCC	New	HCC INS HLDGS INC	$1,344,000	–	17,500	–	0.63%	–
GKNT	New	GEEKNET INC	$1,274,000	–	63,876	–	0.60%	–
FTR	New	FRONTIER COMMUNICATIONS CORPcall	$1,237,000	–	250,000	–	0.58%	–
PLL	New	PALL CORP	$1,120,000	–	9,000	–	0.53%	–
BRLI	New	BIO-REFERENCE LABS INC	$1,045,000	–	25,350	–	0.49%	–
BRCM	New	BROADCOM CORPcl a	$1,030,000	–	20,000	–	0.48%	–
ALTR	New	ALTERA CORP	$1,024,000	–	20,000	–	0.48%	–
CKSW	New	CLICKSOFTWARE TECHNOLOGIES Lord	$1,005,000	–	80,000	–	0.47%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$957,000	–	14,642	–	0.45%	–
TR	New	TOOTSIE ROLL INDS INC	$947,000	–	29,313	–	0.45%	–
TWC	New	TIME WARNER CABLE INC	$891,000	–	5,000	–	0.42%	–
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$886,000	–	19,347	–	0.42%	–
RALY	New	RALLY SOFTWARE DEV CORP	$836,000	–	43,000	–	0.39%	–
ROST	New	ROSS STORES INC	$836,000	–	17,200	–	0.39%	–
MEG	New	MEDIA GEN INC NEW	$818,000	–	49,529	–	0.38%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$794,000	–	10,897	–	0.37%	–
CBBPRB	New	CINCINNATI BELL INC NEWpfd cv dep1/20	$714,000	–	14,550	–	0.34%	–
AMCX	New	AMC NETWORKS INCcl a	$711,000	–	8,688	–	0.34%	–
T107PS	New	WRIGHT MED GROUP INC	$693,000	–	26,382	–	0.33%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$673,000	–	20,229	–	0.32%	–
CLC	New	CLARCOR INC	$651,000	–	10,452	–	0.31%	–
DLB	New	DOLBY LABORATORIES INC	$623,000	–	15,700	–	0.29%	–
CVC	New	CABLEVISION SYS CORPcl a ny cablvs	$584,000	–	24,404	–	0.28%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$579,000	–	17,800	–	0.27%	–
OWW	New	ORBITZ WORLDWIDE INC	$571,000	–	50,000	–	0.27%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$544,000	–	9,200	–	0.26%	–
MCY	New	MERCURY GENL CORP NEW	$540,000	–	9,700	–	0.25%	–
STRZA	New	STARZ	$534,000	–	11,953	–	0.25%	–
NCR	New	NCR CORP NEW	$523,000	–	17,349	–	0.25%	–
PAG	New	PENSKE AUTOMOTIVE GRP INC	$521,000	–	10,000	–	0.24%	–
SFXEQ	New	SFX ENTMT INC	$478,000	–	106,400	–	0.22%	–
SHEN	New	SHENANDOAH TELECOMMUNICATION	$432,000	–	12,637	–	0.20%	–
SIBC	New	STATE INVS BANCORP INC	$424,000	–	20,000	–	0.20%	–
KRFT	New	KRAFT FOODS GROUP INC	$425,000	–	5,000	–	0.20%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$410,000	–	2	–	0.19%	–
KAR	New	KAR AUCTION SVCS INC	$394,000	–	10,521	–	0.19%	–
AHC	New	A H BELO CORP	$361,000	–	64,462	–	0.17%	–
CNL	New	CLECO CORP NEW	$356,000	–	6,600	–	0.17%	–
TMUS	New	T MOBILE US INC	$348,000	–	8,988	–	0.16%	–
CNSL	New	CONSOLIDATED COMM HLDGS INC	$292,000	–	13,882	–	0.14%	–
ABCD	New	CAMBIUM LEARNING GRP INC	$293,000	–	68,465	–	0.14%	–
LMNS	New	LUMENIS LTD	$288,000	–	21,000	–	0.14%	–
CHMT	New	CHEMTURA CORP	$283,000	–	10,000	–	0.13%	–
TIME	New	TIME INC NEW	$269,000	–	11,708	–	0.13%	–
ANN	New	ANN INC	$241,000	–	5,000	–	0.11%	–
ALE	New	ALLETE INC	$232,000	–	5,000	–	0.11%	–
ISSI	New	INTEGRATED SILICON SOLUTION	$221,000	–	10,000	–	0.10%	–
ROL	New	ROLLINS INC	$213,000	–	7,500	–	0.10%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP	$207,000	–	5,302	–	0.10%	–
OCR	New	OMNICARE INC	$189,000	–	2,000	–	0.09%	–
ODP	New	OFFICE DEPOT INC	$173,000	–	20,000	–	0.08%	–
L	New	LOEWS CORP	$173,000	–	4,500	–	0.08%	–
RTI	New	RTI INTL METALS INC	$158,000	–	5,000	–	0.07%	–
LMCK	New	LIBERTY MEDIA CORP DELAWARE	$148,000	–	4,106	–	0.07%	–
PCO	New	PENDRELL CORP	$137,000	–	99,830	–	0.06%	–
OMG	New	OM GROUP INC	$134,000	–	4,000	–	0.06%	–
DISCB	New	DISCOVERY COMMUNICATNS NEW	$111,000	–	3,285	–	0.05%	–
AJRD	New	AEROJET ROCKETDYNE HLDGS INC	$98,000	–	4,733	–	0.05%	–
EXAR	New	EXAR CORP	$93,000	–	9,504	–	0.04%	–
HCOM	New	HAWAIIAN TELCOM HOLDCO INC	$82,000	–	3,139	–	0.04%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$74,000	–	2,053	–	0.04%	–
LBRDK	New	LIBERTY BROADBAND CORP	$68,000	–	1,332	–	0.03%	–
PZG	New	PARAMOUNT GOLD NEV CORP	$53,000	–	35,014	–	0.02%	–
FTRPR	New	FRONTIER COMMUNICATIONS CORPpfd conv ser-a	$49,000	–	500	–	0.02%	–
SPLP	New	STEEL PARTNERS HLDGS L Pltd prtrship u	$44,000	–	2,500	–	0.02%	–
LUMN	New	CENTURYLINK INC	$41,000	–	1,400	–	0.02%	–
TDS	New	TELEPHONE & DATA SYS INC	$39,000	–	1,312	–	0.02%	–
LBRDA	New	LIBERTY BROADBAND CORP	$26,000	–	513	–	0.01%	–
CYNO	New	CYNOSURE INCcl a	$24,000	–	629	–	0.01%	–
ZTS	New	ZOETIS INCcl a	$24,000	–	500	–	0.01%	–
ALTV	New	ALTEVA	$20,000	–	2,773	–	0.01%	–
EVC	New	ENTRAVISION COMMUNICATIONS Ccl a	$17,000	–	2,093	–	0.01%	–
LGL	New	LGL GROUP INC	$14,000	–	3,100	–	0.01%	–
GTN	New	GRAY TELEVISION INC	$15,000	–	994	–	0.01%	–
LBTYA	New	LIBERTY GLOBAL PLC	$11,000	–	200	–	0.01%	–
LBTYK	New	LIBERTY GLOBAL PLC	$10,000	–	200	–	0.01%	–
INAP	New	INTERNAP CORP	$8,000	–	873	–	0.00%	–
LGLPW	New	LGL GROUP INC*w exp 08/06/201	$8,000	–	26,300	–	0.00%	–
LMOS	New	LUMOS NETWORKS CORP	$3,000	–	177	–	0.00%	–
CYHHZ	New	COMMUNITY HEALTH SYS INC NEWright 01/27/2016	$2,000	–	170,000	–	0.00%	–
GDL	New	GDL FUND	$1,000	–	164	–	0.00%	–

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