SHAPIRO CAPITAL MANAGEMENT LLC Activity Q2 2002-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
CRI	Sell	Carter's Inc	$191,237,506	-8.3%	2,765,546	-3.7%	5.57%	+1.4%
GPK	Buy	Graphic Packaging Holding Company	$183,629,296	+1.7%	8,241,889	+9.7%	5.35%	+12.4%
ELAN	Sell	Elanco Animal Health Inc	$177,543,825	-13.5%	15,795,714	-22.5%	5.17%	-4.3%
ST	Buy	Sensata Technologies Holding PLC	$164,835,293	-12.2%	4,358,416	+4.5%	4.80%	-2.9%
LGFB	Sell	Lions Gate Entertainment Corp. Cl B	$155,337,636	-8.4%	19,737,946	-2.8%	4.52%	+1.2%
MHK	Buy	Mohawk Industries, Inc.	$147,480,531	-13.5%	1,718,687	+4.0%	4.30%	-4.4%
GOOG	Sell	Alphabet Inc. Class C	$146,484,295	+1.4%	1,110,992	-7.0%	4.27%	+12.1%
ELY	Buy	Topgolf Callaway Brands Corp.	$133,682,747	+424.0%	9,659,158	+651.6%	3.89%	+479.5%
BRKB	Sell	Berkshire Hathaway Inc. Cl B	$133,172,013	-10.3%	380,166	-12.7%	3.88%	-0.8%
AVTR	Sell	Avantor, Inc.	$124,631,895	-0.3%	5,912,329	-2.9%	3.63%	+10.2%
GLW	Sell	Corning Inc.	$116,054,367	-16.4%	3,808,808	-3.9%	3.38%	-7.7%
SSNC	Sell	SS&C Technologies Holdings, Inc.	$115,806,374	-13.4%	2,204,156	-0.1%	3.37%	-4.2%
BAC	Sell	Bank of America Corp	$114,994,253	-8.3%	4,199,936	-3.9%	3.35%	+1.4%
MU	Sell	Micron Technology Inc.	$114,930,099	-14.6%	1,689,403	-20.8%	3.35%	-5.7%
BAX	New	Baxter International	$114,306,874	–	3,028,799	–	3.33%	–
AXTA	Sell	Axalta Coating Systems Ltd	$105,105,443	-48.0%	3,907,266	-36.6%	3.06%	-42.5%
GM	Sell	General Motors Company	$95,249,005	-28.2%	2,888,960	-16.0%	2.77%	-20.6%
RF	Sell	Regions Financial Corp	$92,260,444	-9.7%	5,363,979	-6.4%	2.69%	-0.2%
DIS	Sell	Walt Disney Company	$88,447,775	-14.4%	1,091,274	-5.7%	2.58%	-5.4%
INFN	Buy	Infinera Corporation	$80,555,606	-12.1%	19,271,676	+1.5%	2.35%	-2.9%
DVN	Buy	Devon Energy Corporation	$71,474,149	+31.1%	1,498,410	+32.9%	2.08%	+45.0%
URBN	Sell	Urban Outfitters, Inc.	$65,842,473	-45.1%	2,014,147	-44.4%	1.92%	-39.3%
LTHM	Buy	Livent Corporation	$63,826,163	+83.9%	3,466,929	+174.0%	1.86%	+103.4%
BWXT	Sell	BWX Technologies, Inc.	$61,780,464	-21.0%	823,959	-24.6%	1.80%	-12.8%
UCTT	Sell	Ultra Clean Holdings, Inc.	$58,381,184	-27.4%	1,967,684	-5.9%	1.70%	-19.7%
	New	Atlanta Braves Holdings Inc Class C	$57,334,859	–	1,604,670	–	1.67%	–
INGR	Buy	Ingredion, Inc.	$55,537,452	-0.7%	564,405	+6.9%	1.62%	+9.8%
	Sell	Ecovyst Inc.	$51,084,832	-18.3%	5,191,548	-4.9%	1.49%	-9.7%
MSGS	Sell	Madison Square Garden Sports Corp.	$48,801,250	-13.4%	276,808	-7.6%	1.42%	-4.3%
VREX	Sell	Varex Imaging Corp	$48,345,655	-23.1%	2,572,946	-3.6%	1.41%	-15.0%
IFF	Sell	International Flavors & Fragrances	$44,200,739	-17.4%	648,390	-3.6%	1.29%	-8.7%
CMP	Buy	Compass Minerals International, Inc.	$35,740,280	-3.1%	1,278,722	+17.9%	1.04%	+7.1%
	Sell	Cadence Bank	$35,625,728	+0.2%	1,678,875	-7.3%	1.04%	+10.8%
DNB	New	Dun & Bradstreet Holdings Inc	$35,214,500	–	3,524,975	–	1.03%	–
THS	Sell	TreeHouse Foods, Inc.	$24,363,660	-17.2%	559,056	-4.3%	0.71%	-8.4%
SPY	Buy	SPDR Trust Series 1etf	$23,472,543	+158.2%	54,909	+167.7%	0.68%	+185.0%
	New	Schwab U.S. Treasury Money Fundmutual fund	$18,861,337	–	18,861,337	–	0.55%	–
IWN	Sell	iShares Russell 2000 Value Indexetf	$8,195,672	-60.6%	60,462	-59.0%	0.24%	-56.3%
	New	American Beacon FDS Shapiro SMID INSTLmutual fund	$3,921,057	–	366,797	–	0.11%	–
	New	Atlanta Braves Holdings Inc Class A	$2,949,785	–	75,500	–	0.09%	–
MDY	Sell	S&P Midcap 400 ETFetf	$2,922,496	-81.8%	6,400	-80.9%	0.08%	-79.9%
	New	American Beacon FDS Shapiro EQ INSTLmutual fund	$2,102,958	–	177,017	–	0.06%	–
	New	Schwab U.S. Treasury Money Fund - Ultramutual fund	$1,665,233	–	1,665,233	–	0.05%	–
IWM	Sell	iShares Russell 2000 ETFetf	$1,289,867	-77.7%	7,298	-76.3%	0.04%	-75.0%
AAPL	Sell	Apple Inc.	$672,855	-13.3%	3,930	-1.8%	0.02%	0.0%
MSFT	Buy	Microsoft Corp	$547,566	-7.2%	1,734	+0.1%	0.02%	0.0%
HBI	Sell	Hanesbrands, Inc.	$541,638	-20.3%	136,777	-8.6%	0.02%	-11.1%
JPM	Sell	JPMorgan Chase & Co.	$417,658	-26.0%	2,880	-25.8%	0.01%	-20.0%
	New	Schwab Value Advantage Fundmutual fund	$288,897	–	288,897	–	0.01%	–
QQQ	Buy	INVESCO QQQ TR UNIT SER 1etf	$251,456	-3.0%	702	+0.1%	0.01%	0.0%
WBA	Sell	Walgreens Boots Alliance, Inc.	$222,400	-99.7%	10,000	-99.6%	0.01%	-99.7%
	New	Fidelity Money Market Tax Exemptmutual fund	$218,565	–	218,565	–	0.01%	–
ET	New	Energy Transfer LP	$217,970	–	15,536	–	0.01%	–
RCL	Exit	Royal Carriben Cruis Com	$0	–	-2,000	–	-0.01%	–
ALB	Exit	Albemarle Corp	$0	–	-985	–	-0.01%	–
UNVR	Exit	Univar Solutions Inc.	$0	–	-158,350	–	-0.15%	–
BATRA	Exit	Liberty Braves Grp COM A	$0	–	-250,514	–	-0.27%	–
BATRK	Exit	Liberty Braves Grp COM K	$0	–	-1,595,533	–	-1.67%	–
DD	Exit	Dupont de Nemours, Inc.	$0	–	-1,233,147	–	-2.32%	–

Q2 2023

			Value		Shares		↓ Weighting
CRI	New	Carter's Inc	$208,467,125	–	2,871,448	–	5.49%	–
ELAN	New	Elanco Animal Health Inc	$205,150,240	–	20,392,668	–	5.40%	–
AXTA	New	Axalta Coating Systems Ltd	$202,163,590	–	6,161,645	–	5.33%	–
ST	New	Sensata Technologies Holding plc	$187,688,787	–	4,171,789	–	4.94%	–
GPK	New	Graphic Packaging Holding Com	$180,580,221	–	7,514,782	–	4.76%	–
MHK	New	Mohawk Industries, Inc.	$170,497,999	–	1,652,753	–	4.49%	–
LGFB	New	Lions Gate Entertainment Corp. Cl B	$169,623,346	–	20,314,173	–	4.47%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$148,480,815	–	435,427	–	3.91%	–
GOOG	New	Alphabet Inc.	$144,483,786	–	1,194,377	–	3.81%	–
GLW	New	Corning Inc.	$138,902,435	–	3,964,110	–	3.66%	–
MU	New	Micron Technology Inc.	$134,652,833	–	2,133,621	–	3.55%	–
SSNC	New	SS&C Technologies Holdings, Inc.	$133,652,428	–	2,205,485	–	3.52%	–
GM	New	General Motors Company	$132,633,732	–	3,439,671	–	3.50%	–
BAC	New	Bank of America Corp	$125,394,901	–	4,370,683	–	3.30%	–
AVTR	New	Avantor, Inc.	$125,039,776	–	6,087,623	–	3.29%	–
URBN	New	Urban Outfitters, Inc.	$119,962,280	–	3,620,956	–	3.16%	–
DIS	New	Walt Disney Company	$103,316,442	–	1,157,218	–	2.72%	–
RF	New	Regions Financial Corp	$102,162,404	–	5,733,019	–	2.69%	–
INFN	New	Infinera Corporation	$91,663,204	–	18,977,889	–	2.42%	–
DD	New	Dupont de Nemours, Inc.	$88,096,083	–	1,233,147	–	2.32%	–
UCTT	New	Ultra Clean Holdings, Inc.	$80,394,169	–	2,090,332	–	2.12%	–
BWXT	New	BWX Technologies, Inc.	$78,244,752	–	1,093,261	–	2.06%	–
WBA	New	Walgreens Boots Alliance, Inc.	$70,550,193	–	2,476,314	–	1.86%	–
BATRK	New	Liberty Braves Grp COM K	$63,215,017	–	1,595,533	–	1.67%	–
VREX	New	Varex Imaging Corp	$62,876,935	–	2,667,668	–	1.66%	–
	New	Ecovyst Inc.	$62,533,186	–	5,456,648	–	1.65%	–
MSGS	New	Madison Square Garden Sports Corp.	$56,363,850	–	299,728	–	1.48%	–
INGR	New	Ingredion, Inc.	$55,928,356	–	527,875	–	1.47%	–
DVN	New	Devon Energy Corporation	$54,518,013	–	1,127,803	–	1.44%	–
IFF	New	International Flavors & Fragrances	$53,526,415	–	672,526	–	1.41%	–
CMP	New	Compass Minerals International, Inc.	$36,889,898	–	1,084,997	–	0.97%	–
	New	Cadence Bank	$35,565,683	–	1,810,880	–	0.94%	–
LTHM	New	Livent Corporation	$34,704,436	–	1,265,200	–	0.91%	–
THS	New	TreeHouse Foods, Inc.	$29,429,779	–	584,156	–	0.78%	–
ELY	New	Topgolf Callaway Brands Corp.	$25,511,458	–	1,285,212	–	0.67%	–
IWN	New	iShares Russell 2000 Value Indexetf	$20,776,779	–	147,562	–	0.55%	–
MDY	New	S&P Midcap 400 ETFetf	$16,043,485	–	33,500	–	0.42%	–
BATRA	New	Liberty Braves Grp COM A	$10,251,033	–	250,514	–	0.27%	–
SPY	New	SPDR Trust Series 1etf	$9,091,062	–	20,508	–	0.24%	–
IWM	New	iShares Russell 2000 ETFetf	$5,771,307	–	30,818	–	0.15%	–
UNVR	New	Univar Solutions Inc.	$5,675,264	–	158,350	–	0.15%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$3,272,301	–	370,589	–	0.09%	–
STZ	New	Constellation Brands Inc. - A	$1,188,808	–	4,830	–	0.03%	–
TMO	New	Thermo Fisher Scientific, Inc	$1,094,110	–	2,097	–	0.03%	–
AAPL	New	Apple Inc.	$775,880	–	4,000	–	0.02%	–
JPMPRC	New	JPMORGAN CHASE & CO 6 DEP NCM PFD EEpreferred	$732,672	–	28,800	–	0.02%	–
HBI	New	Hanesbrands, Inc.	$679,535	–	149,677	–	0.02%	–
GS	New	Goldman Sachs Group	$701,524	–	2,175	–	0.02%	–
MSFT	New	Microsoft Corp	$590,227	–	1,733	–	0.02%	–
JPM	New	JPMorgan Chase & Co.	$564,307	–	3,880	–	0.02%	–
	New	Berkshire Hathaway Inc. Cl A	$517,810	–	100	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$503,520	–	2,000	–	0.01%	–
GSPRC	New	THE GOLDMAN SACH 4 percent PFDpreferred	$468,700	–	21,500	–	0.01%	–
LYV	New	Live Nation Entertainment, Inc.	$437,328	–	4,800	–	0.01%	–
EFX	New	Equifax Inc.	$423,540	–	1,800	–	0.01%	–
WLKP	New	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$377,406	–	17,400	–	0.01%	–
XOM	New	EXXON MOBIL CORP COM	$396,825	–	3,700	–	0.01%	–
PG	New	Procter & Gamble Co	$331,255	–	2,183	–	0.01%	–
C	New	Citigroup Inc.	$300,181	–	6,520	–	0.01%	–
QQQ	New	INVESCO QQQ TR UNIT SER 1etf	$259,232	–	701	–	0.01%	–
OLN	New	OLIN CORP COM PAR $1	$256,950	–	5,000	–	0.01%	–
RFPRB	New	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$228,300	–	10,000	–	0.01%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$231,000	–	4,200	–	0.01%	–
ALB	New	Albemarle Corp	$219,744	–	985	–	0.01%	–
LEVI	New	LEVI STRAUSS & CO NEW CL A COM STK	$245,310	–	17,000	–	0.01%	–
RCL	New	Royal Carriben Cruis Com	$207,480	–	2,000	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
MAAPRI	Exit	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$0	–	-4,200	–	-0.01%	–
CMCSA	Exit	Comcast Corp A	$0	–	-8,500	–	-0.01%	–
CINR	Exit	Sisecam Resources LP	$0	–	-12,763	–	-0.01%	–
NEE	Exit	NextEra Energy, Inc.	$0	–	-3,060	–	-0.01%	–
RFPRB	Exit	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$0	–	-10,000	–	-0.01%	–
ALB	Exit	Albemarle Corp	$0	–	-955	–	-0.01%	–
FB	Exit	META PLATFORMS INC CL A	$0	–	-1,900	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-2,182	–	-0.01%	–
CHTR	Exit	CHARTER COMMUNICATIONS CL A	$0	–	-1,000	–	-0.01%	–
NTR	Exit	NUTRIEN LTD COM	$0	–	-3,640	–	-0.01%	–
RL	Exit	Ralph Lauren Corporation CL A	$0	–	-3,500	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
FPRC	Exit	FORD MTR CO DEL CAL NT 59preferred	$0	–	-15,000	–	-0.01%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-3,700	–	-0.01%	–
GSPRK	Exit	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$0	–	-15,000	–	-0.01%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-4,800	–	-0.01%	–
OLN	Exit	OLIN CORP COM PAR $1	$0	–	-9,000	–	-0.01%	–
WLKP	Exit	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$0	–	-17,400	–	-0.01%	–
	Exit	CITIGROUP INC DEP SHS RP PFD Kpreferred	$0	–	-15,000	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Cl A	$0	–	-100	–	-0.01%	–
	Exit	JPMORGAN CHASE & CO 4.20 percent DP PFD MMpreferred	$0	–	-22,400	–	-0.01%	–
JPM	Exit	JP MORGAN CHASE AND CO	$0	–	-3,880	–	-0.01%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,783	–	-0.01%	–
GSPRC	Exit	THE GOLDMAN SACH 4 percent PFDpreferred	$0	–	-21,800	–	-0.01%	–
JPMPRL	Exit	JPMORGAN CHASE & CO 4.625 DEP PFD LLpreferred	$0	–	-23,200	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-23,950	–	-0.02%	–
AAPL	Exit	Apple Inc.	$0	–	-4,250	–	-0.02%	–
C	Exit	Citigroup Inc.	$0	–	-14,520	–	-0.02%	–
JPMPRC	Exit	JPMORGAN CHASE & CO 6 DEP NCM PFD EEpreferred	$0	–	-30,000	–	-0.02%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,122	–	-0.03%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-5,030	–	-0.03%	–
LGFA	Exit	Lions Gate Entertainment Corp. Cl A	$0	–	-380,939	–	-0.08%	–
GS	Exit	Goldman Sachs Group	$0	–	-16,762	–	-0.15%	–
BATRA	Exit	Liberty Braves Grp COM A	$0	–	-262,614	–	-0.22%	–
SPY	Exit	SPDR Trust Series 1etf	$0	–	-21,392	–	-0.23%	–
IWN	Exit	iShares Russell 2000 Value Indexetf	$0	–	-63,593	–	-0.24%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-52,467	–	-0.26%	–
ELAN	Exit	Elanco Animal Health Inc	$0	–	-725,600	–	-0.27%	–
UNVR	Exit	Univar Solutions Inc.	$0	–	-607,000	–	-0.41%	–
IMAX	Exit	IMAX Corporation	$0	–	-1,202,277	–	-0.50%	–
MDRX	Exit	Allscripts Healthcare Solutions, Inc.	$0	–	-1,731,768	–	-0.78%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-865,585	–	-0.99%	–
ST	Exit	Sensata Technologies Holding plc	$0	–	-984,499	–	-1.09%	–
	Exit	Ecovyst Inc.	$0	–	-4,719,526	–	-1.18%	–
MSGS	Exit	Madison Square Garden Sports Corp.	$0	–	-310,597	–	-1.26%	–
BATRK	Exit	Liberty Braves Grp COM K	$0	–	-1,646,830	–	-1.35%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-573,957	–	-1.47%	–
UCTT	Exit	Ultra Clean Holdings, Inc.	$0	–	-2,068,005	–	-1.58%	–
	Exit	Cadence Bank	$0	–	-2,111,083	–	-1.60%	–
INGR	Exit	Ingredion, Inc.	$0	–	-686,442	–	-1.64%	–
VREX	Exit	Varex Imaging Corp	$0	–	-2,667,430	–	-1.68%	–
THS	Exit	TreeHouse Foods, Inc.	$0	–	-1,389,377	–	-1.75%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-1,197,350	–	-1.79%	–
T	Exit	AT&T Inc.	$0	–	-3,938,389	–	-1.80%	–
FDX	Exit	FedEx Corporation	$0	–	-438,492	–	-1.94%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,102,774	–	-1.97%	–
IFF	Exit	International Flavors & Fragrances	$0	–	-752,509	–	-2.03%	–
WAB	Exit	Westinghouse Air Brake Technologies Corp	$0	–	-1,034,408	–	-2.50%	–
WBA	Exit	Walgreens Boots Alliance, Inc.	$0	–	-2,744,070	–	-2.56%	–
INFN	Exit	Infinera Corporation	$0	–	-17,924,169	–	-2.58%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-13,953,122	–	-2.89%	–
DD	Exit	Dupont de Nemours, Inc.	$0	–	-2,046,497	–	-3.07%	–
GLW	Exit	Corning Inc.	$0	–	-3,600,396	–	-3.11%	–
MU	Exit	Micron Technology Inc.	$0	–	-2,205,659	–	-3.28%	–
GM	Exit	General Motors Company	$0	–	-3,566,120	–	-3.40%	–
DIS	Exit	Walt Disney Company	$0	–	-1,225,727	–	-3.44%	–
BAC	Exit	Bank of America Corp	$0	–	-4,116,820	–	-3.70%	–
BRKB	Exit	Berkshire Hathaway Inc. Cl B	$0	–	-468,255	–	-3.72%	–
GOOG	Exit	Alphabet Inc.	$0	–	-1,338,519	–	-3.83%	–
RF	Exit	Regions Financial Corp	$0	–	-6,484,334	–	-3.87%	–
LGFB	Exit	Lions Gate Entertainment Corp. Cl B	$0	–	-20,358,933	–	-4.21%	–
MHK	Exit	Mohawk Industries, Inc.	$0	–	-1,719,721	–	-4.66%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-7,787,348	–	-4.88%	–
CRI	Exit	Carter's Inc	$0	–	-2,617,390	–	-5.10%	–
GPK	Exit	Graphic Packaging Holding Com	$0	–	-8,980,425	–	-5.27%	–
URBN	Exit	Urban Outfitters, Inc.	$0	–	-9,038,408	–	-5.28%	–

Q3 2022

			Value		Shares		↓ Weighting
URBN	Sell	Urban Outfitters, Inc.	$177,605,000	-0.2%	9,038,408	-5.3%	5.28%	+18.7%
GPK	Sell	Graphic Packaging Holding Com	$177,274,000	-14.9%	8,980,425	-11.6%	5.27%	+1.3%
CRI	Buy	Carter's Inc	$171,518,000	+15.6%	2,617,390	+24.3%	5.10%	+37.5%
AXTA	Sell	Axalta Coating Systems Ltd	$164,002,000	-10.7%	7,787,348	-6.3%	4.88%	+6.2%
MHK	Buy	Mohawk Industries, Inc.	$156,821,000	-17.2%	1,719,721	+12.7%	4.66%	-1.5%
LGFB	Sell	Lions Gate Entertainment Corp. Cl B	$141,495,000	-24.2%	20,358,933	-3.7%	4.21%	-9.8%
RF	Sell	Regions Financial Corp	$130,141,000	-9.3%	6,484,334	-15.2%	3.87%	+8.0%
GOOG	Buy	Alphabet Inc.	$128,699,000	-4.5%	1,338,519	+2073.1%	3.83%	+13.7%
BRKB	Buy	Berkshire Hathaway Inc. Cl B	$125,034,000	-0.1%	468,255	+2.1%	3.72%	+18.9%
BAC	Buy	Bank of America Corp	$124,328,000	-1.9%	4,116,820	+1.2%	3.70%	+16.8%
DIS	Buy	Walt Disney Company	$115,623,000	+11.2%	1,225,727	+11.3%	3.44%	+32.3%
GM	Sell	General Motors Company	$114,437,000	-19.5%	3,566,120	-20.3%	3.40%	-4.2%
MU	Buy	Micron Technology Inc.	$110,504,000	+4.4%	2,205,659	+15.2%	3.28%	+24.3%
GLW	Buy	Corning Inc.	$104,484,000	-5.6%	3,600,396	+2.5%	3.11%	+12.4%
DD	Buy	Dupont de Nemours, Inc.	$103,143,000	+6.2%	2,046,497	+17.1%	3.07%	+26.3%
HBI	Sell	Hanesbrands, Inc.	$97,114,000	-37.0%	13,953,122	-6.8%	2.89%	-25.0%
INFN	Buy	Infinera Corporation	$86,753,000	+6.3%	17,924,169	+17.7%	2.58%	+26.5%
WBA	Sell	Walgreens Boots Alliance, Inc.	$86,164,000	-27.2%	2,744,070	-12.1%	2.56%	-13.3%
WAB	Sell	Westinghouse Air Brake Technologies Corp	$84,149,000	-7.6%	1,034,408	-6.8%	2.50%	+10.0%
IFF	Sell	International Flavors & Fragrances	$68,350,000	-24.2%	752,509	-0.6%	2.03%	-9.8%
DVN	Sell	Devon Energy Corporation	$66,310,000	-0.7%	1,102,774	-9.0%	1.97%	+18.2%
FDX	Sell	FedEx Corporation	$65,103,000	-37.8%	438,492	-5.1%	1.94%	-26.0%
T	Sell	AT&T Inc.	$60,415,000	-39.9%	3,938,389	-17.9%	1.80%	-28.5%
BWXT	Sell	BWX Technologies, Inc.	$60,311,000	-32.1%	1,197,350	-25.8%	1.79%	-19.2%
THS	Sell	TreeHouse Foods, Inc.	$58,937,000	-33.8%	1,389,377	-34.8%	1.75%	-21.3%
VREX	Sell	Varex Imaging Corp	$56,389,000	-20.4%	2,667,430	-19.4%	1.68%	-5.3%
INGR	Sell	Ingredion, Inc.	$55,272,000	-20.6%	686,442	-13.1%	1.64%	-5.6%
	Sell	Cadence Bank	$53,643,000	-22.0%	2,111,083	-28.0%	1.60%	-7.2%
UCTT	Buy	Ultra Clean Holdings, Inc.	$53,251,000	-12.5%	2,068,005	+1.1%	1.58%	+4.1%
MRK	Sell	Merck & Co., Inc.	$49,429,000	-43.0%	573,957	-39.6%	1.47%	-32.1%
BATRK	Sell	Liberty Braves Grp COM K	$45,288,000	-11.8%	1,646,830	-23.0%	1.35%	+4.9%
MSGS	Sell	Madison Square Garden Sports Corp.	$42,446,000	-35.5%	310,597	-28.7%	1.26%	-23.2%
	Sell	Ecovyst Inc.	$39,833,000	-29.8%	4,719,526	-18.1%	1.18%	-16.5%
ST	New	Sensata Technologies Holding plc	$36,702,000	–	984,499	–	1.09%	–
CMP	Buy	Compass Minerals International, Inc.	$33,351,000	+20.3%	865,585	+10.5%	0.99%	+43.1%
MDRX	Sell	Allscripts Healthcare Solutions, Inc.	$26,375,000	-18.7%	1,731,768	-20.8%	0.78%	-3.2%
IMAX	Sell	IMAX Corporation	$16,976,000	-43.5%	1,202,277	-32.4%	0.50%	-32.8%
UNVR	New	Univar Solutions Inc.	$13,803,000	–	607,000	–	0.41%	–
ELAN	New	Elanco Animal Health Inc	$9,005,000	–	725,600	–	0.27%	–
IWM	Sell	iShares Russell 2000 ETFetf	$8,653,000	-13.6%	52,467	-11.2%	0.26%	+2.8%
IWN	Sell	iShares Russell 2000 Value Indexetf	$8,199,000	-41.9%	63,593	-38.7%	0.24%	-30.9%
SPY	Sell	SPDR Trust Series 1etf	$7,641,000	-91.3%	21,392	-90.8%	0.23%	-89.7%
BATRA	Sell	Liberty Braves Grp COM A	$7,393,000	-15.6%	262,614	-24.6%	0.22%	+0.5%
GS	Sell	Goldman Sachs Group	$4,912,000	-6.9%	16,762	-5.6%	0.15%	+10.6%
LGFA	Sell	Lions Gate Entertainment Corp. Cl A	$2,830,000	-27.0%	380,939	-8.6%	0.08%	-13.4%
ECOM	Sell	ChannelAdvisor Corporation	$543,000	-96.1%	23,950	-97.5%	0.02%	-95.4%
MSFT	Buy	Microsoft Corp	$415,000	-8.6%	1,783	+0.9%	0.01%	+9.1%
JPM	Sell	JP MORGAN CHASE AND CO	$405,000	-26.4%	3,880	-20.5%	0.01%	-14.3%
XOM	Sell	EXXON MOBIL CORP COM	$323,000	-33.8%	3,700	-35.1%	0.01%	-16.7%
CHTR	New	CHARTER COMMUNICATIONS CL A	$303,000	–	1,000	–	0.01%	–
RL	New	Ralph Lauren Corporation CL A	$297,000	–	3,500	–	0.01%	–
ALB	New	Albemarle Corp	$253,000	–	955	–	0.01%	–
FB	New	META PLATFORMS INC CL A	$258,000	–	1,900	–	0.01%	–
CMCSA	New	Comcast Corp A	$249,000	–	8,500	–	0.01%	–
CINR	Sell	Sisecam Resources LP	$251,000	-8.1%	12,763	-19.0%	0.01%	0.0%
VIAC	Exit	PARAMOUNT GLOBAL CLASS B COM	$0	–	-11,000	–	-0.01%	–
GOLD	Exit	BARRICK GOLD CORPORATI COM	$0	–	-24,800	–	-0.01%	–
EVOP	Exit	EVO Payments, Inc.	$0	–	-2,365,871	–	-1.39%	–

Q2 2022

			Value		Shares		↓ Weighting
GPK	New	Graphic Packaging Holding Com	$208,223,000	–	10,157,230	–	5.20%	–
MHK	New	Mohawk Industries, Inc.	$189,426,000	–	1,526,522	–	4.73%	–
LGFB	New	Lions Gate Entertainment Corp. Cl B	$186,589,000	–	21,131,214	–	4.66%	–
AXTA	New	Axalta Coating Systems Ltd	$183,731,000	–	8,309,872	–	4.59%	–
URBN	New	Urban Outfitters, Inc.	$178,022,000	–	9,540,275	–	4.45%	–
HBI	New	Hanesbrands, Inc.	$154,094,000	–	14,975,143	–	3.85%	–
CRI	New	Carter's Inc	$148,418,000	–	2,105,813	–	3.71%	–
RF	New	Regions Financial Corp	$143,437,000	–	7,649,952	–	3.58%	–
GM	New	General Motors Company	$142,078,000	–	4,473,484	–	3.55%	–
GOOG	New	Alphabet Inc.	$134,736,000	–	61,595	–	3.37%	–
BAC	New	Bank of America Corp	$126,699,000	–	4,070,010	–	3.16%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$125,166,000	–	458,451	–	3.13%	–
WBA	New	Walgreens Boots Alliance, Inc.	$118,332,000	–	3,122,213	–	2.96%	–
GLW	New	Corning Inc.	$110,637,000	–	3,511,157	–	2.76%	–
MU	New	Micron Technology Inc.	$105,803,000	–	1,913,956	–	2.64%	–
FDX	New	FedEx Corporation	$104,727,000	–	461,940	–	2.62%	–
DIS	New	Walt Disney Company	$103,975,000	–	1,101,427	–	2.60%	–
T	New	AT&T Inc.	$100,560,000	–	4,797,691	–	2.51%	–
DD	New	Dupont de Nemours, Inc.	$97,150,000	–	1,747,933	–	2.43%	–
WAB	New	Westinghouse Air Brake Technologies Corp	$91,079,000	–	1,109,643	–	2.28%	–
IFF	New	International Flavors & Fragrances	$90,225,000	–	757,427	–	2.25%	–
THS	New	TreeHouse Foods, Inc.	$89,069,000	–	2,129,808	–	2.22%	–
BWXT	New	BWX Technologies, Inc.	$88,840,000	–	1,612,638	–	2.22%	–
SPY	New	SPDR Trust Series 1etf	$87,819,000	–	232,787	–	2.19%	–
MRK	New	Merck & Co., Inc.	$86,667,000	–	950,609	–	2.16%	–
INFN	New	Infinera Corporation	$81,621,000	–	15,227,728	–	2.04%	–
VREX	New	Varex Imaging Corp	$70,823,000	–	3,311,023	–	1.77%	–
INGR	New	Ingredion, Inc.	$69,645,000	–	789,986	–	1.74%	–
	New	Cadence Bank	$68,804,000	–	2,930,314	–	1.72%	–
DVN	New	Devon Energy Corporation	$66,750,000	–	1,211,205	–	1.67%	–
MSGS	New	Madison Square Garden Sports Corp.	$65,793,000	–	435,717	–	1.64%	–
UCTT	New	Ultra Clean Holdings, Inc.	$60,866,000	–	2,044,536	–	1.52%	–
	New	Ecovyst Inc.	$56,769,000	–	5,763,356	–	1.42%	–
EVOP	New	EVO Payments, Inc.	$55,645,000	–	2,365,871	–	1.39%	–
BATRK	New	Liberty Braves Grp COM K	$51,340,000	–	2,139,187	–	1.28%	–
MDRX	New	Allscripts Healthcare Solutions, Inc.	$32,423,000	–	2,186,288	–	0.81%	–
IMAX	New	IMAX Corporation	$30,043,000	–	1,778,755	–	0.75%	–
CMP	New	Compass Minerals International, Inc.	$27,728,000	–	783,503	–	0.69%	–
IWN	New	iShares Russell 2000 Value Indexetf	$14,118,000	–	103,693	–	0.35%	–
ECOM	New	ChannelAdvisor Corporation	$13,841,000	–	949,310	–	0.35%	–
IWM	New	iShares Russell 2000 ETFetf	$10,012,000	–	59,117	–	0.25%	–
BATRA	New	Liberty Braves Grp COM A	$8,760,000	–	348,314	–	0.22%	–
GS	New	Goldman Sachs Group	$5,276,000	–	17,762	–	0.13%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$3,878,000	–	416,579	–	0.10%	–
TMO	New	Thermo Fisher Scientific, Inc	$1,153,000	–	2,122	–	0.03%	–
STZ	New	Constellation Brands Inc. - A	$1,172,000	–	5,030	–	0.03%	–
JPMPRC	New	JPMORGAN CHASE & CO 6 DEP NCM PFD EEpreferred	$766,000	–	30,000	–	0.02%	–
C	New	Citigroup Inc.	$668,000	–	14,520	–	0.02%	–
AAPL	New	Apple Inc.	$581,000	–	4,250	–	0.02%	–
JPM	New	JP MORGAN CHASE AND CO	$550,000	–	4,880	–	0.01%	–
JPMPRL	New	JPMORGAN CHASE & CO 4.625 DEP PFD LLpreferred	$461,000	–	23,200	–	0.01%	–
XOM	New	EXXON MOBIL CORP COM	$488,000	–	5,700	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$436,000	–	2,000	–	0.01%	–
GSPRC	New	THE GOLDMAN SACH 4 percent PFDpreferred	$452,000	–	21,800	–	0.01%	–
MSFT	New	Microsoft Corp	$454,000	–	1,767	–	0.01%	–
WLKP	New	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$433,000	–	17,400	–	0.01%	–
GOLD	New	BARRICK GOLD CORPORATI COM	$439,000	–	24,800	–	0.01%	–
	New	CITIGROUP INC DEP SHS RP PFD Kpreferred	$386,000	–	15,000	–	0.01%	–
LYV	New	Live Nation Entertainment, Inc.	$396,000	–	4,800	–	0.01%	–
GSPRK	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$390,000	–	15,000	–	0.01%	–
OLN	New	OLIN CORP COM PAR $1	$417,000	–	9,000	–	0.01%	–
	New	Berkshire Hathaway Inc. Cl A	$409,000	–	100	–	0.01%	–
	New	JPMORGAN CHASE & CO 4.20 percent DP PFD MMpreferred	$415,000	–	22,400	–	0.01%	–
FPRC	New	FORD MTR CO DEL CAL NT 59preferred	$360,000	–	15,000	–	0.01%	–
EFX	New	Equifax Inc.	$329,000	–	1,800	–	0.01%	–
PG	New	Procter & Gamble Co	$314,000	–	2,182	–	0.01%	–
CINR	New	Sisecam Resources LP	$273,000	–	15,763	–	0.01%	–
VIAC	New	PARAMOUNT GLOBAL CLASS B COM	$271,000	–	11,000	–	0.01%	–
NTR	New	NUTRIEN LTD COM	$290,000	–	3,640	–	0.01%	–
RFPRB	New	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$253,000	–	10,000	–	0.01%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$246,000	–	4,200	–	0.01%	–
NEE	New	NextEra Energy, Inc.	$237,000	–	3,060	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
VIAC	Exit	ViacomCBS Inc.	$0	–	-6,000	–	-0.00%	–
NEE	Exit	NextEra Energy, Inc.	$0	–	-3,060	–	-0.00%	–
ET	Exit	Energy Transfer LP	$0	–	-21,065	–	-0.00%	–
GE	Exit	General Electric Com	$0	–	-1,993	–	-0.00%	–
NTR	Exit	NUTRIEN LTD COM	$0	–	-3,640	–	-0.00%	–
RFPRB	Exit	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$0	–	-10,000	–	-0.01%	–
QQQ	Exit	INVESCO QQQ TR UNIT SER 1etf	$0	–	-700	–	-0.01%	–
MAAPRI	Exit	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$0	–	-4,200	–	-0.01%	–
CINR	Exit	Ciner Resources LP	$0	–	-16,723	–	-0.01%	–
APA	Exit	APA Corp	$0	–	-13,500	–	-0.01%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-5,700	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-2,181	–	-0.01%	–
ELAN	Exit	ELANCO ANIMAL HEALTH I COM	$0	–	-10,000	–	-0.01%	–
GOLD	Exit	BARRICK GOLD CORPORATI COM	$0	–	-20,000	–	-0.01%	–
ALB	Exit	Albemarle Corp	$0	–	-1,828	–	-0.01%	–
FPRC	Exit	FORD MTR CO DEL CAL NT 59preferred	$0	–	-15,000	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Cl A	$0	–	-100	–	-0.01%	–
GSPRK	Exit	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$0	–	-15,000	–	-0.01%	–
WLKP	Exit	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$0	–	-17,400	–	-0.01%	–
SCHP	Exit	SCHWAB STRATEGIC TR US TIPS ETFetf	$0	–	-7,000	–	-0.01%	–
OLN	Exit	OLIN CORP COM PAR $1	$0	–	-9,000	–	-0.01%	–
	Exit	CITIGROUP INC DEP SHS RP PFD Kpreferred	$0	–	-15,000	–	-0.01%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,764	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
DELL	Exit	Dell Computer	$0	–	-5,000	–	-0.01%	–
	Exit	JPMORGAN CHASE & CO 4.20 percent DP PFD MMpreferred	$0	–	-22,400	–	-0.01%	–
JPMPRL	Exit	JPMORGAN CHASE & CO 4.625 DEP PFD LL	$0	–	-23,200	–	-0.01%	–
GSPRC	Exit	THE GOLDMAN SACH 4 percent PFDpreferred	$0	–	-23,700	–	-0.01%	–
AAPL	Exit	Apple Inc.	$0	–	-4,500	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-7,400	–	-0.01%	–
C	Exit	Citigroup Inc.	$0	–	-13,520	–	-0.02%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-5,030	–	-0.02%	–
GS	Exit	Goldman Sachs Group	$0	–	-3,150	–	-0.02%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,190	–	-0.02%	–
PCGU	Exit	PG&E Corp 5.5 percent PFDpreferred	$0	–	-16,300	–	-0.03%	–
SPY	Exit	SPDR Trust Series 1etf	$0	–	-16,130	–	-0.13%	–
LGFA	Exit	Lions Gate Entertainment Corp. Cl A	$0	–	-496,083	–	-0.13%	–
BATRA	Exit	Liberty Braves Grp COM A	$0	–	-436,514	–	-0.22%	–
ENTG	Exit	Entegris, Inc.	$0	–	-131,064	–	-0.31%	–
ARKO	Exit	Arko Corp	$0	–	-1,830,101	–	-0.35%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-899,534	–	-0.42%	–
IWN	Exit	iShares Russell 2000 Value Indexetf	$0	–	-144,332	–	-0.43%	–
PFE	Exit	Pfizer Inc.	$0	–	-683,533	–	-0.55%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-138,722	–	-0.57%	–
CIEN	Exit	Ciena Corporation	$0	–	-1,022,026	–	-0.98%	–
IMAX	Exit	IMAX Corporation	$0	–	-2,837,917	–	-1.01%	–
GLW	Exit	Corning Inc.	$0	–	-1,593,760	–	-1.09%	–
SBUX	Exit	Starbucks Corporation	$0	–	-528,104	–	-1.09%	–
BATRK	Exit	Liberty Braves Grp COM K	$0	–	-2,229,687	–	-1.10%	–
DD	Exit	Dupont de Nemours, Inc.	$0	–	-872,429	–	-1.11%	–
	Exit	Ecovyst Inc.	$0	–	-5,878,459	–	-1.28%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,214,975	–	-1.46%	–
GSKY	Exit	GreenSky, Inc.	$0	–	-7,583,946	–	-1.58%	–
IFF	Exit	International Flavors & Fragrances	$0	–	-642,492	–	-1.61%	–
INFN	Exit	Infinera Corporation	$0	–	-10,508,225	–	-1.63%	–
MDRX	Exit	Allscripts Healthcare Solutions, Inc.	$0	–	-6,896,575	–	-1.72%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-1,802,595	–	-1.82%	–
VREX	Exit	Varex Imaging Corp	$0	–	-3,846,484	–	-2.03%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-1,459,098	–	-2.05%	–
MU	Exit	Micron Technology Inc.	$0	–	-1,606,586	–	-2.13%	–
MSGS	Exit	Madison Square Garden Sports Corp.	$0	–	-643,567	–	-2.24%	–
KO	Exit	Coca Cola Company (The)	$0	–	-2,360,337	–	-2.32%	–
OCDX	Exit	Ortho Clinical Diagnostics Holdings	$0	–	-6,715,631	–	-2.32%	–
DIS	Exit	Walt Disney Company	$0	–	-747,601	–	-2.36%	–
INGR	Exit	Ingredion, Inc.	$0	–	-1,466,258	–	-2.44%	–
CRI	Exit	Carter's Inc	$0	–	-1,425,461	–	-2.59%	–
DVN	Exit	Devon Energy Corporation	$0	–	-3,924,093	–	-2.60%	–
	Exit	Cadence Bancorporation	$0	–	-6,630,209	–	-2.72%	–
FDX	Exit	FedEx Corporation	$0	–	-668,576	–	-2.74%	–
WBA	Exit	Walgreens Boots Alliance, Inc.	$0	–	-3,141,303	–	-2.76%	–
WAB	Exit	Wabtec Corporation	$0	–	-1,741,338	–	-2.81%	–
T	Exit	AT&T Inc.	$0	–	-5,756,972	–	-2.91%	–
BRKB	Exit	Berkshire Hathaway Inc. Cl B	$0	–	-571,340	–	-2.92%	–
BAC	Exit	Bank of America Corp	$0	–	-3,939,231	–	-3.13%	–
GM	Exit	General Motors Company	$0	–	-3,276,364	–	-3.23%	–
RF	Exit	Regions Financial Corp	$0	–	-9,095,039	–	-3.62%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-13,654,718	–	-4.38%	–
GPK	Exit	Graphic Packaging Holding Com	$0	–	-12,969,389	–	-4.62%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-8,824,125	–	-4.82%	–
URBN	Exit	Urban Outfitters, Inc.	$0	–	-8,698,955	–	-4.83%	–
FEYE	Exit	FireEye, Inc.	$0	–	-15,377,117	–	-5.12%	–
LGFB	Exit	Lions Gate Entertainment Corp. Cl B	$0	–	-22,251,636	–	-5.41%	–

Q3 2021

			Value		Shares		↓ Weighting
LGFB	Buy	Lions Gate Entertainment Corp. Cl B	$289,271,000	-24.3%	22,251,636	+6.6%	5.41%	-18.7%
FEYE	Sell	FireEye, Inc.	$273,713,000	-13.3%	15,377,117	-1.5%	5.12%	-6.8%
URBN	Buy	Urban Outfitters, Inc.	$258,272,000	-2.5%	8,698,955	+35.3%	4.83%	+4.7%
AXTA	Sell	Axalta Coating Systems Ltd	$257,576,000	-9.6%	8,824,125	-5.5%	4.82%	-2.9%
GPK	Sell	Graphic Packaging Holding Com	$246,937,000	-7.0%	12,969,389	-11.4%	4.62%	-0.1%
HBI	Buy	Hanesbrands, Inc.	$234,315,000	-5.7%	13,654,718	+2.6%	4.38%	+1.3%
RF	Buy	Regions Financial Corp	$193,815,000	+8.4%	9,095,039	+2.6%	3.62%	+16.4%
GM	Buy	General Motors Company	$172,697,000	+12.9%	3,276,364	+26.7%	3.23%	+21.2%
BAC	Buy	Bank of America Corp	$167,220,000	+4.4%	3,939,231	+1.4%	3.13%	+12.2%
BRKB	Buy	Berkshire Hathaway Inc. Cl B	$155,942,000	-0.7%	571,340	+1.1%	2.92%	+6.7%
T	Sell	AT&T Inc.	$155,496,000	-14.8%	5,756,972	-9.2%	2.91%	-8.5%
WAB	Sell	Wabtec Corporation	$150,121,000	-11.6%	1,741,338	-15.7%	2.81%	-5.1%
WBA	Buy	Walgreens Boots Alliance, Inc.	$147,798,000	-1.5%	3,141,303	+10.1%	2.76%	+5.8%
FDX	Buy	FedEx Corporation	$146,612,000	-24.5%	668,576	+2.7%	2.74%	-18.9%
	New	Cadence Bancorporation	$145,599,000	–	6,630,209	–	2.72%	–
DVN	Sell	Devon Energy Corporation	$139,345,000	-35.4%	3,924,093	-46.9%	2.60%	-30.6%
CRI	Buy	Carter's Inc	$138,612,000	+4.0%	1,425,461	+10.3%	2.59%	+11.7%
INGR	Buy	Ingredion, Inc.	$130,512,000	+4.2%	1,466,258	+5.9%	2.44%	+11.9%
DIS	Buy	Walt Disney Company	$126,472,000	-0.4%	747,601	+3.5%	2.36%	+7.0%
OCDX	Buy	Ortho Clinical Diagnostics Holdings	$124,105,000	+4.1%	6,715,631	+20.6%	2.32%	+11.9%
KO	Buy	Coca Cola Company (The)	$123,847,000	+4.6%	2,360,337	+7.9%	2.32%	+12.4%
MSGS	Sell	Madison Square Garden Sports Corp.	$119,671,000	+7.0%	643,567	-0.7%	2.24%	+14.9%
MU	Sell	Micron Technology Inc.	$114,035,000	-29.6%	1,606,586	-15.7%	2.13%	-24.4%
MRK	Buy	Merck & Co., Inc.	$109,593,000	+43.6%	1,459,098	+48.7%	2.05%	+54.3%
VREX	Sell	Varex Imaging Corp	$108,471,000	-6.6%	3,846,484	-11.2%	2.03%	+0.3%
BWXT	Buy	BWX Technologies, Inc.	$97,088,000	+155.6%	1,802,595	+175.8%	1.82%	+174.6%
MDRX	Sell	Allscripts Healthcare Solutions, Inc.	$92,207,000	-33.4%	6,896,575	-7.8%	1.72%	-28.4%
INFN	New	Infinera Corporation	$87,428,000	–	10,508,225	–	1.63%	–
IFF	Buy	International Flavors & Fragrances	$85,914,000	-9.7%	642,492	+0.9%	1.61%	-3.0%
GSKY	Sell	GreenSky, Inc.	$84,789,000	+95.9%	7,583,946	-2.8%	1.58%	+110.5%
CMP	Buy	Compass Minerals International, Inc.	$78,244,000	+27.9%	1,214,975	+17.7%	1.46%	+37.4%
	New	Ecovyst Inc.	$68,543,000	–	5,878,459	–	1.28%	–
DD	Buy	Dupont de Nemours, Inc.	$59,316,000	-10.6%	872,429	+1.8%	1.11%	-3.9%
BATRK	Buy	Liberty Braves Grp COM K	$58,908,000	-2.9%	2,229,687	+2.0%	1.10%	+4.3%
SBUX	Sell	Starbucks Corporation	$58,255,000	-2.3%	528,104	-0.9%	1.09%	+5.0%
GLW	Buy	Corning Inc.	$58,156,000	-9.2%	1,593,760	+1.8%	1.09%	-2.5%
IMAX	Buy	IMAX Corporation	$53,864,000	-11.3%	2,837,917	+0.5%	1.01%	-4.7%
CIEN	Sell	Ciena Corporation	$52,481,000	-13.3%	1,022,026	-3.9%	0.98%	-6.8%
IWM	Buy	iShares Russell 2000 ETFetf	$30,346,000	+562.1%	138,722	+594.2%	0.57%	+608.8%
PFE	Sell	Pfizer Inc.	$29,399,000	-79.6%	683,533	-81.4%	0.55%	-78.1%
IWN	Sell	iShares Russell 2000 Value Indexetf	$23,126,000	-38.3%	144,332	-36.1%	0.43%	-33.7%
ECOM	Sell	ChannelAdvisor Corporation	$22,695,000	+2.7%	899,534	-0.2%	0.42%	+10.1%
ARKO	Sell	Arko Corp	$18,484,000	+5.0%	1,830,101	-4.5%	0.35%	+13.1%
ENTG	Sell	Entegris, Inc.	$16,501,000	+2.0%	131,064	-0.3%	0.31%	+9.6%
BATRA	Buy	Liberty Braves Grp COM A	$11,747,000	-2.5%	436,514	+2.2%	0.22%	+4.8%
LGFA	Sell	Lions Gate Entertainment Corp. Cl A	$7,039,000	-40.2%	496,083	-12.7%	0.13%	-35.6%
SPY	Sell	SPDR Trust Series 1etf	$6,922,000	-18.7%	16,130	-18.9%	0.13%	-12.8%
PCGU	Buy	PG&E Corp 5.5 percent PFDpreferred	$1,558,000	+33.6%	16,300	+41.7%	0.03%	+45.0%
GS	Sell	Goldman Sachs Group	$1,191,000	-31.0%	3,150	-30.8%	0.02%	-26.7%
STZ	Sell	Constellation Brands Inc. - A	$1,060,000	-18.0%	5,030	-9.0%	0.02%	-13.0%
C	Sell	Citigroup Inc.	$949,000	-30.2%	13,520	-29.7%	0.02%	-25.0%
	New	JPMORGAN CHASE & CO 4.20 percent DP PFD MMpreferred	$566,000	–	22,400	–	0.01%	–
MSFT	Buy	Microsoft Corp	$497,000	+4.0%	1,764	+0.1%	0.01%	+12.5%
SCHP	New	SCHWAB STRATEGIC TR US TIPS ETFetf	$438,000	–	7,000	–	0.01%	–
ALB	Sell	Albemarle Corp	$400,000	-21.4%	1,828	-39.5%	0.01%	-22.2%
APA	Sell	APA Corp	$289,000	-47.8%	13,500	-47.3%	0.01%	-50.0%
GE	Sell	General Electric Com	$205,000	-4.7%	1,993	-87.5%	0.00%	0.0%
VIAC	Sell	ViacomCBS Inc.	$237,000	-53.0%	6,000	-46.2%	0.00%	-55.6%
PYPL	Exit	PAYPAL HLDGS INC COM	$0	–	-750	–	-0.00%	–
COO	Exit	Cooper Companies, Inc.	$0	–	-525	–	-0.00%	–
PAAS	Exit	PAN AMERN SILVER CORP COM	$0	–	-10,000	–	-0.01%	–
PCG	Exit	PG&E CORP COM	$0	–	-25,500	–	-0.01%	–
WFCPRX	Exit	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$0	–	-25,000	–	-0.01%	–
OGN	Exit	Organon & Co.	$0	–	-95,556	–	-0.05%	–
TDY	Exit	Teledyne Technologies Inc.	$0	–	-130,611	–	-0.95%	–
PQG	Exit	PQ Group Holdings Inc.	$0	–	-5,954,359	–	-1.59%	–
CADE	Exit	Cadence Bancorporation	$0	–	-6,814,609	–	-2.48%	–

Q2 2021

			Value		Shares		↓ Weighting
LGFB	New	Lions Gate Entertainment Corp. Cl B	$382,021,000	–	20,875,477	–	6.65%	–
FEYE	New	FireEye, Inc.	$315,584,000	–	15,607,524	–	5.49%	–
AXTA	New	Axalta Coating Systems Ltd	$284,827,000	–	9,341,655	–	4.96%	–
GPK	New	Graphic Packaging Holding Com	$265,552,000	–	14,639,053	–	4.62%	–
URBN	New	Urban Outfitters, Inc.	$264,953,000	–	6,427,780	–	4.61%	–
HBI	New	Hanesbrands, Inc.	$248,404,000	–	13,304,956	–	4.32%	–
DVN	New	Devon Energy Corporation	$215,626,000	–	7,386,994	–	3.75%	–
FDX	New	FedEx Corporation	$194,189,000	–	650,918	–	3.38%	–
T	New	AT&T Inc.	$182,556,000	–	6,343,165	–	3.18%	–
RF	New	Regions Financial Corp	$178,866,000	–	8,863,514	–	3.11%	–
WAB	New	Wabtec Corporation	$169,911,000	–	2,064,534	–	2.96%	–
MU	New	Micron Technology Inc.	$162,010,000	–	1,906,451	–	2.82%	–
BAC	New	Bank of America Corp	$160,161,000	–	3,884,585	–	2.79%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$156,998,000	–	564,904	–	2.73%	–
GM	New	General Motors Company	$152,995,000	–	2,585,692	–	2.66%	–
WBA	New	Walgreens Boots Alliance, Inc.	$150,103,000	–	2,853,128	–	2.61%	–
PFE	New	Pfizer Inc.	$144,271,000	–	3,684,139	–	2.51%	–
CADE	New	Cadence Bancorporation	$142,289,000	–	6,814,609	–	2.48%	–
MDRX	New	Allscripts Healthcare Solutions, Inc.	$138,441,000	–	7,479,244	–	2.41%	–
CRI	New	Carter's Inc	$133,290,000	–	1,291,946	–	2.32%	–
DIS	New	Walt Disney Company	$126,931,000	–	722,145	–	2.21%	–
INGR	New	Ingredion, Inc.	$125,266,000	–	1,384,158	–	2.18%	–
OCDX	New	Ortho Clinical Diagnostics Holdings	$119,180,000	–	5,566,581	–	2.07%	–
KO	New	Coca Cola Company (The)	$118,399,000	–	2,188,126	–	2.06%	–
VREX	New	Varex Imaging Corp	$116,177,000	–	4,331,727	–	2.02%	–
MSGS	New	Madison Square Garden Sports Corp.	$111,889,000	–	648,367	–	1.95%	–
IFF	New	International Flavors & Fragrances	$95,093,000	–	636,497	–	1.66%	–
PQG	New	PQ Group Holdings Inc.	$91,459,000	–	5,954,359	–	1.59%	–
MRK	New	Merck & Co., Inc.	$76,318,000	–	981,327	–	1.33%	–
DD	New	Dupont de Nemours, Inc.	$66,325,000	–	856,797	–	1.15%	–
GLW	New	Corning Inc.	$64,044,000	–	1,565,869	–	1.12%	–
CMP	New	Compass Minerals International, Inc.	$61,183,000	–	1,032,449	–	1.06%	–
IMAX	New	IMAX Corporation	$60,736,000	–	2,824,917	–	1.06%	–
BATRK	New	Liberty Braves Grp COM K	$60,680,000	–	2,185,093	–	1.06%	–
CIEN	New	Ciena Corporation	$60,532,000	–	1,064,026	–	1.05%	–
SBUX	New	Starbucks Corporation	$59,603,000	–	533,072	–	1.04%	–
TDY	New	Teledyne Technologies Inc.	$54,704,000	–	130,611	–	0.95%	–
GSKY	New	GreenSky, Inc.	$43,281,000	–	7,798,446	–	0.75%	–
BWXT	New	BWX Technologies, Inc.	$37,989,000	–	653,631	–	0.66%	–
IWN	New	iShares Russell 2000 Value Indexetf	$37,468,000	–	226,022	–	0.65%	–
ECOM	New	ChannelAdvisor Corporation	$22,096,000	–	901,507	–	0.38%	–
ARKO	New	Arko Corp	$17,606,000	–	1,915,801	–	0.31%	–
ENTG	New	Entegris, Inc.	$16,170,000	–	131,496	–	0.28%	–
BATRA	New	Liberty Braves Grp COM A	$12,053,000	–	427,117	–	0.21%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$11,763,000	–	568,283	–	0.20%	–
SPY	New	SPDR Trust Series 1etf	$8,518,000	–	19,899	–	0.15%	–
IWM	New	iShares Russell 2000 ETFetf	$4,583,000	–	19,982	–	0.08%	–
OGN	New	Organon & Co.	$2,892,000	–	95,556	–	0.05%	–
GS	New	Goldman Sachs Group	$1,727,000	–	4,550	–	0.03%	–
C	New	Citigroup Inc.	$1,360,000	–	19,220	–	0.02%	–
STZ	New	Constellation Brands Inc. - A	$1,293,000	–	5,530	–	0.02%	–
PCGU	New	PG&E Corp 5.5 percent 08/16/23	$1,166,000	–	11,500	–	0.02%	–
TMO	New	Thermo Fisher Scientific, Inc	$1,105,000	–	2,190	–	0.02%	–
MTN	New	Vail Resorts Inc Com	$633,000	–	2,000	–	0.01%	–
LYV	New	Live Nation Entertainment, Inc.	$648,000	–	7,400	–	0.01%	–
AAPL	New	Apple Inc.	$616,000	–	4,500	–	0.01%	–
WFCPRX	New	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$638,000	–	25,000	–	0.01%	–
JPMPRL	New	JPMORGAN CHASE & CO DEP PFD SER LLpreferred	$618,000	–	23,200	–	0.01%	–
APA	New	APA Corp	$554,000	–	25,600	–	0.01%	–
GSPRC	New	THE GOLDMAN SACH 4 percent PFDpreferred	$590,000	–	23,700	–	0.01%	–
VIAC	New	ViacomCBS Inc.	$504,000	–	11,150	–	0.01%	–
ALB	New	Albemarle Corp	$509,000	–	3,023	–	0.01%	–
DELL	New	Dell Computer	$498,000	–	5,000	–	0.01%	–
GSPRK	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$441,000	–	15,000	–	0.01%	–
WLKP	New	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$468,000	–	17,400	–	0.01%	–
MSFT	New	Microsoft Corp	$478,000	–	1,763	–	0.01%	–
EFX	New	Equifax Inc.	$431,000	–	1,800	–	0.01%	–
	New	CITIGROUP INC DEP SHS RP PFD Kpreferred	$430,000	–	15,000	–	0.01%	–
GOLD	New	BARRICK GOLD CORPORATI COM	$414,000	–	20,000	–	0.01%	–
	New	Berkshire Hathaway Inc. Cl A	$419,000	–	100	–	0.01%	–
FPRC	New	FORD MTR CO DEL CAL NT 59	$410,000	–	15,000	–	0.01%	–
OLN	New	OLIN CORP COM PAR $1	$416,000	–	9,000	–	0.01%	–
ELAN	New	ELANCO ANIMAL HEALTH I COM	$347,000	–	10,000	–	0.01%	–
XOM	New	EXXON MOBIL CORP COM	$360,000	–	5,700	–	0.01%	–
PAAS	New	PAN AMERN SILVER CORP COM	$286,000	–	10,000	–	0.01%	–
PCG	New	PG&E CORP COM	$259,000	–	25,500	–	0.01%	–
RFPRB	New	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$289,000	–	10,000	–	0.01%	–
PG	New	Procter & Gamble Co	$294,000	–	2,181	–	0.01%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$272,000	–	4,200	–	0.01%	–
CINR	New	Ciner Resources LP	$242,000	–	16,723	–	0.00%	–
QQQ	New	INVESCO QQQ TR UNIT SER 1etf	$248,000	–	700	–	0.00%	–
GE	New	General Electric Com	$215,000	–	15,971	–	0.00%	–
NTR	New	NUTRIEN LTD COM	$221,000	–	3,640	–	0.00%	–
ET	New	Energy Transfer LP	$224,000	–	21,065	–	0.00%	–
PYPL	New	PAYPAL HLDGS INC COM	$219,000	–	750	–	0.00%	–
COO	New	Cooper Companies, Inc.	$208,000	–	525	–	0.00%	–
NEE	New	NextEra Energy, Inc.	$224,000	–	3,060	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
MDY	Exit	S&P Midcap 400 Etfetf	$0	–	-600	–	-0.01%	–
XOM	Exit	Exxon Mobil Corp Com	$0	–	-6,900	–	-0.01%	–
NEE	Exit	Nextera Energy, Inc.	$0	–	-765	–	-0.01%	–
OXY	Exit	Occidental Pete Cp Del Com	$0	–	-21,500	–	-0.01%	–
GS	Exit	Goldman Sachs Group	$0	–	-1,050	–	-0.01%	–
PSQ	Exit	Proshares Tr Short Qqq Newetf	$0	–	-15,000	–	-0.01%	–
WFCPRV	Exit	Wells Fargo & Co New Dep Pfd V 1/1000preferred	$0	–	-10,000	–	-0.01%	–
UZB	Exit	United States Cellular Sr Nt 120163preferred	$0	–	-10,000	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
RFPRB	Exit	Regions Finl Corp New Dep Shs Pfd Bpreferred	$0	–	-10,000	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-2,330	–	-0.01%	–
CINR	Exit	Ciner Resources Lp	$0	–	-25,089	–	-0.01%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-15,000	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Cl A	$0	–	-100	–	-0.01%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,816	–	-0.01%	–
	Exit	Citigroup Inc Dep Shs Rp Pfd Kpreferred	$0	–	-15,000	–	-0.01%	–
PINS	Exit	Pinterest, Inc.	$0	–	-10,000	–	-0.01%	–
MAAPRI	Exit	Mid Amer Apt Cmntys In Pfd Ser I 8.5 percentpreferred	$0	–	-6,000	–	-0.01%	–
GSPRN	Exit	Goldman Sachs Group In Dep 1/1000 Ser Npreferred	$0	–	-15,000	–	-0.01%	–
BACPRA	Exit	Bank Amer Corp Dep Shs Pfd Eepreferred	$0	–	-15,000	–	-0.01%	–
GSPRK	Exit	Goldman Sachs Group In Dep 1/1000 Ser Kpreferred	$0	–	-15,000	–	-0.01%	–
PCG	Exit	Pg&E Corp Com	$0	–	-46,500	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-8,500	–	-0.01%	–
TWTR	Exit	Twitter Inc.	$0	–	-10,800	–	-0.01%	–
LGFA	Exit	Lions Gate Entertainment Corp. Cl A	$0	–	-60,300	–	-0.02%	–
AAPL	Exit	Apple Inc.	$0	–	-5,001	–	-0.02%	–
JPM	Exit	Jp Morgan Chase And Co	$0	–	-5,880	–	-0.02%	–
GSPRC	Exit	THE GOLDMAN SACH 4 percent PFDpreferred	$0	–	-26,300	–	-0.02%	–
WFCPRX	Exit	Wells Fargo & Co New Pfd Ser X Cl Apreferred	$0	–	-25,000	–	-0.02%	–
IWM	Exit	Ishares Russell 2000 Etfetf	$0	–	-5,247	–	-0.02%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,190	–	-0.03%	–
CPRS	Exit	Citigroup Inc Dep Shs Pfd Spreferred	$0	–	-40,500	–	-0.03%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-5,780	–	-0.03%	–
JPMPRH	Exit	Jpmorgan Chase 6.15 percent Pfdpreferred	$0	–	-44,275	–	-0.03%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-16,678	–	-0.15%	–
BATRA	Exit	Liberty Media Corp Del Com A Braves Grp	$0	–	-381,517	–	-0.22%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,466,055	–	-0.38%	–
ECOM	Exit	Channeladvisor Corporation	$0	–	-1,026,602	–	-0.41%	–
ENTG	Exit	Entegris, Inc.	$0	–	-226,938	–	-0.46%	–
GSKY	Exit	Greensky, Inc.	$0	–	-5,999,136	–	-0.73%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-380,922	–	-0.87%	–
BATRK	Exit	Liberty Braves Group (The)	$0	–	-1,617,094	–	-0.93%	–
CIEN	Exit	Ciena Corporation	$0	–	-913,276	–	-0.99%	–
BWXT	Exit	Bwx Technologies, Inc.	$0	–	-668,431	–	-1.03%	–
IWN	Exit	Ishares Trust Russell 2000 Value Indexetf	$0	–	-390,337	–	-1.06%	–
IMAX	Exit	Imax Corporation	$0	–	-3,522,174	–	-1.16%	–
PQG	Exit	Pq Group Holdings Inc.	$0	–	-4,110,648	–	-1.16%	–
GLW	Exit	Corning Inc.	$0	–	-1,389,689	–	-1.24%	–
SBUX	Exit	Starbucks Corporation	$0	–	-639,572	–	-1.51%	–
VREX	Exit	Varex Imaging Corp	$0	–	-4,329,329	–	-1.51%	–
MAXR	Exit	Maxar Technologies Holdings Inc.	$0	–	-2,424,429	–	-1.66%	–
CADE	Exit	Cadence Bancorporation	$0	–	-7,386,360	–	-1.74%	–
VIAC	Exit	Viacomcbs Inc.	$0	–	-2,489,801	–	-1.91%	–
FLIR	Exit	Flir Systems Inc.	$0	–	-1,999,716	–	-1.97%	–
GM	Exit	General Motors Company	$0	–	-2,548,076	–	-2.07%	–
MDRX	Exit	Allscripts Healthcare Solutions, Inc.	$0	–	-10,485,186	–	-2.34%	–
DD	Exit	Dupont De Nemours, Inc.	$0	–	-1,542,052	–	-2.35%	–
BAC	Exit	Bank Of America Corp	$0	–	-3,557,693	–	-2.35%	–
MU	Exit	Micron Technology Inc.	$0	–	-1,827,824	–	-2.35%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,483,246	–	-2.41%	–
AMCX	Exit	Amc Networks Inc.	$0	–	-3,638,787	–	-2.47%	–
DIS	Exit	Walt Disney Company	$0	–	-730,482	–	-2.49%	–
BRKB	Exit	Berkshire Hathaway Inc. Cl B	$0	–	-428,038	–	-2.50%	–
WAB	Exit	Wabtec Corporation	$0	–	-1,544,128	–	-2.62%	–
RF	Exit	Regions Financial Corp	$0	–	-8,342,269	–	-2.64%	–
PRSP	Exit	Perspecta Inc	$0	–	-4,950,711	–	-2.64%	–
ALB	Exit	Albemarle Corp	$0	–	-1,148,889	–	-2.81%	–
CRI	Exit	Carter's Inc	$0	–	-1,263,637	–	-3.00%	–
T	Exit	At&T Inc.	$0	–	-3,914,513	–	-3.06%	–
WPX	Exit	Wpx Energy Inc.	$0	–	-23,647,105	–	-3.18%	–
PFE	Exit	Pfizer Inc.	$0	–	-3,316,475	–	-3.34%	–
FDX	Exit	Fedex Corporation	$0	–	-599,811	–	-4.14%	–
LGFB	Exit	Lions Gate Entertainment Corp. Cl B	$0	–	-19,542,945	–	-4.67%	–
GPK	Exit	Graphic Packaging Holding Com	$0	–	-12,774,794	–	-4.94%	–
FEYE	Exit	Fireeye, Inc.	$0	–	-14,695,208	–	-4.98%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-8,264,816	–	-5.02%	–
URBN	Exit	Urban Outfitters, Inc.	$0	–	-8,847,027	–	-5.05%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-11,702,150	–	-5.06%	–

Q3 2020

			Value		Shares		↓ Weighting
HBI	Sell	Hanesbrands, Inc.	$184,308,876,000	-7.3%	11,702,150	-33.6%	5.06%	-11.1%
URBN	Sell	Urban Outfitters, Inc.	$184,106,631,000	+13.7%	8,847,027	-16.8%	5.05%	+9.0%
AXTA	Sell	Axalta Coating Systems Ltd	$183,230,970,000	-6.2%	8,264,816	-4.6%	5.02%	-10.0%
FEYE	Sell	Fireeye, Inc.	$181,412,342,000	-0.8%	14,695,208	-2.1%	4.98%	-4.8%
GPK	Buy	Graphic Packaging Holding Com	$179,996,856,000	+2.5%	12,774,794	+1.7%	4.94%	-1.7%
LGFB	Buy	Lions Gate Entertainment Corp. Cl B	$170,414,480,000	+33.4%	19,542,945	+4.5%	4.67%	+27.9%
FDX	Sell	Fedex Corporation	$150,864,462,000	+9.3%	599,811	-39.0%	4.14%	+4.9%
PFE	Buy	Pfizer Inc.	$121,714,666,000	+17.0%	3,316,475	+4.2%	3.34%	+12.2%
WPX	Buy	Wpx Energy Inc.	$115,870,814,000	-10.3%	23,647,105	+16.8%	3.18%	-13.9%
T	New	At&T Inc.	$111,602,783,000	–	3,914,513	–	3.06%	–
CRI	Buy	Carter's Inc	$109,405,691,000	+12.1%	1,263,637	+4.5%	3.00%	+7.6%
ALB	Sell	Albemarle Corp	$102,572,879,000	-35.7%	1,148,889	-44.4%	2.81%	-38.4%
PRSP	Buy	Perspecta Inc	$96,291,328,000	+21.0%	4,950,711	+44.5%	2.64%	+16.0%
RF	Buy	Regions Financial Corp	$96,186,361,000	+7.7%	8,342,269	+3.9%	2.64%	+3.3%
WAB	Buy	Wabtec Corporation	$95,550,640,000	+158.9%	1,544,128	+140.9%	2.62%	+148.4%
BRKB	Buy	Berkshire Hathaway Inc. Cl B	$91,146,411,000	+23.8%	428,038	+3.8%	2.50%	+18.7%
DIS	Sell	Walt Disney Company	$90,638,218,000	-13.3%	730,482	-22.1%	2.49%	-16.8%
AMCX	Sell	Amc Networks Inc.	$89,914,426,000	+3.5%	3,638,787	-2.0%	2.47%	-0.7%
CMP	Sell	Compass Minerals International, Inc.	$88,030,650,000	+9.1%	1,483,246	-10.4%	2.41%	+4.6%
MU	Buy	Micron Technology Inc.	$85,834,615,000	+1.6%	1,827,824	+11.4%	2.35%	-2.6%
BAC	Buy	Bank Of America Corp	$85,704,824,000	+20.1%	3,557,693	+18.4%	2.35%	+15.2%
DD	Buy	Dupont De Nemours, Inc.	$85,553,097,000	+19.1%	1,542,052	+14.0%	2.35%	+14.2%
MDRX	Sell	Allscripts Healthcare Solutions, Inc.	$85,349,414,000	+8.8%	10,485,186	-9.5%	2.34%	+4.4%
GM	Buy	General Motors Company	$75,397,590,000	+21.7%	2,548,076	+4.1%	2.07%	+16.8%
FLIR	New	Flir Systems Inc.	$71,689,818,000	–	1,999,716	–	1.97%	–
VIAC	Buy	Viacomcbs Inc.	$69,739,338,000	+25.6%	2,489,801	+4.5%	1.91%	+20.5%
CADE	Sell	Cadence Bancorporation	$63,448,832,000	-13.1%	7,386,360	-10.3%	1.74%	-16.6%
MAXR	Sell	Maxar Technologies Holdings Inc.	$60,465,259,000	-2.5%	2,424,429	-29.8%	1.66%	-6.4%
VREX	Buy	Varex Imaging Corp	$55,069,064,000	-7.8%	4,329,329	+9.8%	1.51%	-11.6%
SBUX	Buy	Starbucks Corporation	$54,952,026,000	+36.8%	639,572	+17.2%	1.51%	+31.3%
GLW	Sell	Corning Inc.	$45,039,820,000	-32.9%	1,389,689	-46.4%	1.24%	-35.6%
PQG	Sell	Pq Group Holdings Inc.	$42,175,248,000	-28.8%	4,110,648	-8.1%	1.16%	-31.7%
IMAX	Sell	Imax Corporation	$42,125,201,000	-14.1%	3,522,174	-19.4%	1.16%	-17.6%
IWN	Buy	Ishares Trust Russell 2000 Value Indexetf	$38,772,223,000	+332.2%	390,337	+324.1%	1.06%	+315.2%
BWXT	Sell	Bwx Technologies, Inc.	$37,639,349,000	-19.9%	668,431	-19.4%	1.03%	-23.2%
CIEN	Sell	Ciena Corporation	$36,247,924,000	-35.2%	913,276	-11.6%	0.99%	-37.9%
BATRK	Sell	Liberty Braves Group (The)	$33,975,144,000	+4.9%	1,617,094	-1.5%	0.93%	+0.6%
MRK	Buy	Merck & Co., Inc.	$31,597,545,000	+23.1%	380,922	+14.8%	0.87%	+18.1%
GSKY	Sell	Greensky, Inc.	$26,636,163,000	-19.6%	5,999,136	-11.2%	0.73%	-22.8%
ENTG	Sell	Entegris, Inc.	$16,870,570,000	-72.3%	226,938	-78.0%	0.46%	-73.4%
ECOM	Sell	Channeladvisor Corporation	$14,854,930,000	-64.4%	1,026,602	-61.1%	0.41%	-65.9%
DVN	Sell	Devon Energy Corporation	$13,868,885,000	-53.2%	1,466,055	-43.9%	0.38%	-55.2%
BATRA	Sell	Liberty Media Corp Del Com A Braves Grp	$7,966,074,000	-14.9%	381,517	-18.2%	0.22%	-18.7%
SPY	Sell	Spdr Trust Series 1etf	$5,585,502,000	-68.4%	16,678	-70.9%	0.15%	-69.8%
JPMPRH	Sell	Jpmorgan Chase 6.15 percent Pfdpreferred	$1,123,699,000	-3.8%	44,275	-3.7%	0.03%	-6.1%
CPRS	Sell	Citigroup Inc Dep Shs Pfd Spreferred	$1,037,610,000	-4.4%	40,500	-4.5%	0.03%	-9.7%
IWM	Buy	Ishares Russell 2000 Etfetf	$785,973,000	+205.5%	5,247	+192.0%	0.02%	+214.3%
GSPRC	New	THE GOLDMAN SACH 4 percent PFDpreferred	$621,732,000	–	26,300	–	0.02%	–
LGFA	Sell	Lions Gate Entertainment Corp. Cl A	$571,644,000	+24.6%	60,300	-2.6%	0.02%	+23.1%
JPM	New	Jp Morgan Chase And Co	$566,067,000	–	5,880	–	0.02%	–
AAPL	Sell	Apple Inc.	$579,224,000	-98.3%	5,001	-94.5%	0.02%	-98.3%
TWTR	New	Twitter Inc.	$480,600,000	–	10,800	–	0.01%	–
LYV	Sell	Live Nation Entertainment, Inc.	$457,980,000	-98.6%	8,500	-98.8%	0.01%	-98.6%
PCG	New	Pg&E Corp Com	$436,635,000	–	46,500	–	0.01%	–
PINS	New	Pinterest, Inc.	$415,100,000	–	10,000	–	0.01%	–
MSFT	Sell	Microsoft Corp	$382,156,000	-15.4%	1,816	-18.2%	0.01%	-23.1%
PSQ	New	Proshares Tr Short Qqq Newetf	$248,250,000	–	15,000	–	0.01%	–
OXY	Sell	Occidental Pete Cp Del Com	$215,215,000	-51.0%	21,500	-10.4%	0.01%	-53.8%
NEE	New	Nextera Energy, Inc.	$212,333,000	–	765	–	0.01%	–
MDY	New	S&P Midcap 400 Etfetf	$203,298,000	–	600	–	0.01%	–
GS	Sell	Goldman Sachs Group	$211,018,000	-63.8%	1,050	-64.4%	0.01%	-64.7%
C	Exit	Citigroup Inc.	$0	–	-10,220	–	-0.02%	–
GILD	Exit	GILEAD SCIENCES INC COM	$0	–	-7,700	–	-0.02%	–

Q2 2020

			Value		Shares		↓ Weighting
HBI	New	Hanesbrands, Inc.	$198,832,375,000	–	17,611,370	–	5.68%	–
AXTA	New	Axalta Coating Systems Ltd	$195,311,435,000	–	8,661,261	–	5.58%	–
FEYE	New	FireEye, Inc.	$182,784,614,000	–	15,013,110	–	5.23%	–
GPK	New	Graphic Packaging Holding Com	$175,662,450,000	–	12,556,286	–	5.02%	–
URBN	New	Urban Outfitters, Inc.	$161,919,492,000	–	10,638,600	–	4.63%	–
ALB	New	Albemarle Corp	$159,591,586,000	–	2,066,980	–	4.56%	–
FDX	New	FedEx Corporation	$137,985,173,000	–	984,062	–	3.95%	–
WPX	New	WPX Energy Inc.	$129,118,650,000	–	20,238,033	–	3.69%	–
LGFB	New	Lions Gate Entertainment Corp. Cl B	$127,775,175,000	–	18,707,932	–	3.65%	–
DIS	New	Walt Disney Company	$104,508,743,000	–	937,214	–	2.99%	–
PFE	New	Pfizer Inc.	$104,037,223,000	–	3,181,566	–	2.98%	–
CRI	New	Carter's Inc	$97,583,247,000	–	1,209,210	–	2.79%	–
RF	New	Regions Financial Corp	$89,272,783,000	–	8,028,128	–	2.55%	–
AMCX	New	AMC Networks Inc.	$86,860,612,000	–	3,713,579	–	2.48%	–
MU	New	Micron Technology Inc.	$84,499,755,000	–	1,640,135	–	2.42%	–
CMP	New	Compass Minerals International, Inc.	$80,704,601,000	–	1,655,479	–	2.31%	–
PRSP	New	Perspecta Inc	$79,591,020,000	–	3,426,217	–	2.28%	–
MDRX	New	Allscripts Healthcare Solutions, Inc.	$78,432,386,000	–	11,585,286	–	2.24%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$73,636,446,000	–	412,506	–	2.11%	–
CADE	New	Cadence Bancorporation	$72,990,983,000	–	8,238,260	–	2.09%	–
DD	New	Dupont de Nemours, Inc.	$71,861,072,000	–	1,352,551	–	2.06%	–
BAC	New	Bank of America Corp	$71,388,557,000	–	3,005,834	–	2.04%	–
GLW	New	Corning Inc.	$67,112,157,000	–	2,591,203	–	1.92%	–
MAXR	New	Maxar Technologies Holdings Inc.	$61,986,695,000	–	3,451,375	–	1.77%	–
GM	New	General Motors Company	$61,935,632,000	–	2,448,048	–	1.77%	–
ENTG	New	Entegris, Inc.	$60,857,402,000	–	1,030,608	–	1.74%	–
VREX	New	Varex Imaging Corp	$59,735,586,000	–	3,942,943	–	1.71%	–
PQG	New	PQ Group Holdings Inc.	$59,235,468,000	–	4,473,978	–	1.69%	–
CIEN	New	Ciena Corporation	$55,957,624,000	–	1,033,191	–	1.60%	–
VIAC	New	ViacomCBS Inc.	$55,546,734,000	–	2,381,935	–	1.59%	–
IMAX	New	IMAX Corporation	$49,017,081,000	–	4,372,621	–	1.40%	–
BWXT	New	BWX Technologies, Inc.	$46,963,679,000	–	829,161	–	1.34%	–
ECOM	New	ChannelAdvisor Corporation	$41,770,270,000	–	2,637,012	–	1.19%	–
SBUX	New	Starbucks Corporation	$40,163,214,000	–	545,770	–	1.15%	–
WAB	New	Wabtec Corporation	$36,904,787,000	–	641,042	–	1.06%	–
AAPL	New	Apple Inc.	$33,234,373,000	–	91,102	–	0.95%	–
GSKY	New	GreenSky, Inc.	$33,121,064,000	–	6,759,401	–	0.95%	–
LYV	New	Live Nation Entertainment, Inc.	$32,737,394,000	–	738,493	–	0.94%	–
BATRK	New	Liberty Braves Group (The)	$32,393,221,000	–	1,640,994	–	0.93%	–
DVN	New	Devon Energy Corporation	$29,655,057,000	–	2,615,084	–	0.85%	–
MRK	New	Merck & Co., Inc.	$25,663,181,000	–	331,865	–	0.73%	–
SPY	New	SPDR Trust Series 1etf	$17,693,704,000	–	57,380	–	0.51%	–
BATRA	New	Liberty Media Corp Del Com A Braves Grp	$9,365,050,000	–	466,387	–	0.27%	–
IWN	New	iShares Trust Russell 2000 Value Indexetf	$8,969,961,000	–	92,037	–	0.26%	–
JPMPRH	New	JPMorgan Chase 6.15 percent Pfdpreferred	$1,168,224,000	–	45,975	–	0.03%	–
CPRS	New	CITIGROUP INC DEP SHS PFD Spreferred	$1,085,864,000	–	42,400	–	0.03%	–
STZ	New	Constellation Brands Inc. - A	$1,011,211,000	–	5,780	–	0.03%	–
TMO	New	Thermo Fisher Scientific, Inc	$793,524,000	–	2,190	–	0.02%	–
WFCPRX	New	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$628,250,000	–	25,000	–	0.02%	–
GS	New	Goldman Sachs Group	$582,979,000	–	2,950	–	0.02%	–
GILD	New	GILEAD SCIENCES INC COM	$592,438,000	–	7,700	–	0.02%	–
C	New	Citigroup Inc.	$522,242,000	–	10,220	–	0.02%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$458,864,000	–	61,925	–	0.01%	–
OXY	New	OCCIDENTAL PETE CP DEL COM	$439,200,000	–	24,000	–	0.01%	–
MSFT	New	Microsoft Corp	$451,960,000	–	2,220	–	0.01%	–
	New	CITIGROUP INC DEP SHS RP PFD Kpreferred	$396,150,000	–	15,000	–	0.01%	–
GSPRN	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$389,250,000	–	15,000	–	0.01%	–
GSPRK	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$392,400,000	–	15,000	–	0.01%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$370,800,000	–	6,000	–	0.01%	–
BACPRA	New	BANK AMER CORP DEP SHS PFD EEpreferred	$387,600,000	–	15,000	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$364,300,000	–	2,000	–	0.01%	–
CINR	New	Ciner Resources LP	$319,884,000	–	25,089	–	0.01%	–
DISCA	New	Discovery Communications, Inc.	$316,500,000	–	15,000	–	0.01%	–
EFX	New	Equifax Inc.	$309,384,000	–	1,800	–	0.01%	–
XOM	New	EXXON MOBIL CORP COM	$308,568,000	–	6,900	–	0.01%	–
	New	Berkshire Hathaway Inc. Cl A	$267,300,000	–	100	–	0.01%	–
PG	New	Procter & Gamble Co	$278,693,000	–	2,330	–	0.01%	–
IWM	New	iShares Russell 2000 ETFetf	$257,304,000	–	1,797	–	0.01%	–
RFPRB	New	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$248,400,000	–	10,000	–	0.01%	–
WFCPRV	New	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$254,700,000	–	10,000	–	0.01%	–
UZB	New	UNITED STATES CELLULAR SR NT 120163preferred	$255,700,000	–	10,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
NTR	Exit	NUTRIEN LTD COM	$0	–	-4,560	–	-0.01%	–
CHTR	Exit	CHARTER COMMUNICATIONS CL A	$0	–	-500	–	-0.01%	–
RCL	Exit	Royal Carriben Cruis Com	$0	–	-2,000	–	-0.01%	–
WFCPRV	Exit	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$0	–	-10,000	–	-0.01%	–
UZB	Exit	UNITED STATES CELLULAR SR NT 120163preferred	$0	–	-10,000	–	-0.01%	–
GSPRN	Exit	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$0	–	-10,000	–	-0.01%	–
	Exit	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$0	–	-10,000	–	-0.01%	–
BACPRA	Exit	BANK AMER CORP DEP SHS PFD EEpreferred	$0	–	-10,000	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
MSPRGCL	Exit	MORGAN STANLEY DEP 1/1000 PFD Gpreferred	$0	–	-10,000	–	-0.01%	–
RFPRB	Exit	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$0	–	-10,000	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Cl A	$0	–	-100	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-2,330	–	-0.01%	–
	Exit	CITIGROUP INC DEP SHS RP PFD Kpreferred	$0	–	-10,000	–	-0.01%	–
MU	Exit	Micron Technology Inc.	$0	–	-7,000	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75 percent Series Bpreferred	$0	–	-9,000	–	-0.01%	–
MSFT	Exit	Microsoft Corp	$0	–	-2,211	–	-0.01%	–
MS	Exit	Morgan Stanley	$0	–	-11,000	–	-0.01%	–
KREF	Exit	KKR REAL ESTATE FIN TR COM	$0	–	-25,000	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
BRKB	Exit	Berkshire Hathaway Inc. Cl B	$0	–	-2,395	–	-0.01%	–
CINR	Exit	Ciner Resources LP	$0	–	-29,189	–	-0.01%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,190	–	-0.02%	–
WFCPRX	Exit	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$0	–	-25,000	–	-0.02%	–
JPM	Exit	JP MORGAN CHASE AND CO	$0	–	-5,880	–	-0.02%	–
BACPRYCL	Exit	BANK AMER CORP DEP 1/1000 PFDpreferred	$0	–	-37,800	–	-0.02%	–
CPRS	Exit	CITIGROUP INC DEP SHS PFD Spreferred	$0	–	-37,700	–	-0.02%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-5,780	–	-0.03%	–
VZ	Exit	Verizon Communications Com	$0	–	-20,251	–	-0.03%	–
MAAPRI	Exit	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$0	–	-19,299	–	-0.03%	–
WLKP	Exit	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$0	–	-57,679	–	-0.03%	–
LGFA	Exit	Lions Gate Entertainment Corp. Cl A	$0	–	-170,401	–	-0.04%	–
JPMPRFCL	Exit	JPMorgan Chase 6.125 percent Pfdpreferred	$0	–	-67,550	–	-0.04%	–
GS	Exit	Goldman Sachs Group	$0	–	-10,100	–	-0.05%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-29,626	–	-0.20%	–
VREX	Exit	Varex Imaging Corp	$0	–	-381,845	–	-0.25%	–
BATRA	Exit	Liberty Media Corp Del Com A Braves Grp	$0	–	-419,622	–	-0.27%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-104,996	–	-0.37%	–
MOS	Exit	Mosaic Co.	$0	–	-1,331,469	–	-0.64%	–
MAXR	Exit	Maxar Technologies Holdings Inc.	$0	–	-3,804,321	–	-0.67%	–
CIEN	Exit	Ciena Corporation	$0	–	-745,380	–	-0.68%	–
LTHM	Exit	Livent Corporation	$0	–	-4,849,250	–	-0.76%	–
BATRK	Exit	Liberty Braves Group (The)	$0	–	-1,254,269	–	-0.81%	–
GOLF	Exit	Acushnet Holdings Corp.	$0	–	-1,396,444	–	-0.86%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-4,118,369	–	-0.89%	–
IWN	Exit	iShares Trust Russell 2000 Value Indexetf	$0	–	-335,836	–	-0.93%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-676,549	–	-1.04%	–
GSKY	Exit	GreenSky, Inc.	$0	–	-7,763,590	–	-1.24%	–
SEMG	Exit	SemGroup Corporation	$0	–	-3,388,258	–	-1.29%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-1,172,074	–	-1.56%	–
DVN	Exit	Devon Energy Corporation	$0	–	-2,859,251	–	-1.60%	–
PQG	Exit	PQ Group Holdings Inc.	$0	–	-4,583,411	–	-1.70%	–
GLW	Exit	Corning Inc.	$0	–	-3,049,700	–	-2.02%	–
DIS	Exit	Walt Disney Company	$0	–	-706,423	–	-2.14%	–
VVV	Exit	Valvoline Inc.	$0	–	-4,247,257	–	-2.18%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-1,131,800	–	-2.22%	–
GM	Exit	General Motors Company	$0	–	-2,665,036	–	-2.32%	–
T	Exit	AT&T Inc.	$0	–	-2,703,103	–	-2.38%	–
RF	Exit	Regions Financial Corp	$0	–	-6,582,578	–	-2.42%	–
CBS	Exit	CBS Corporation	$0	–	-2,631,231	–	-2.47%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,985,030	–	-2.61%	–
ENTG	Exit	Entegris, Inc.	$0	–	-2,388,674	–	-2.62%	–
KR	Exit	Kroger Co.(The)	$0	–	-4,560,700	–	-2.74%	–
AMCX	Exit	AMC Networks Inc.	$0	–	-2,465,370	–	-2.82%	–
AAPL	Exit	Apple Inc.	$0	–	-554,629	–	-2.89%	–
IMAX	Exit	IMAX Corporation	$0	–	-5,705,305	–	-2.91%	–
CADE	Exit	Cadence Bancorporation	$0	–	-7,169,052	–	-2.93%	–
BAC	Exit	Bank of America Corp	$0	–	-4,412,309	–	-3.00%	–
MDRX	Exit	Allscripts Healthcare Solutions, Inc.	$0	–	-11,997,236	–	-3.06%	–
CZR	Exit	Caesars Entertainment Corp.	$0	–	-11,974,516	–	-3.25%	–
URBN	Exit	Urban Outfitters, Inc.	$0	–	-5,121,900	–	-3.35%	–
FDX	Exit	FedEx Corporation	$0	–	-1,006,669	–	-3.41%	–
LGFB	Exit	Lions Gate Entertainment Corp. Cl B	$0	–	-17,779,406	–	-3.62%	–
WPX	Exit	WPX Energy Inc.	$0	–	-14,705,145	–	-3.62%	–
FEYE	Exit	FireEye, Inc.	$0	–	-16,256,873	–	-5.05%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-15,444,943	–	-5.50%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-8,669,043	–	-6.08%	–
GPK	Exit	Graphic Packaging Holding Com	$0	–	-17,880,842	–	-6.14%	–

Q3 2019

			Value		Shares		↓ Weighting
GPK	Buy	Graphic Packaging Holding Com	$263,742,419,000	+14.2%	17,880,842	+8.3%	6.14%	+19.5%
AXTA	Sell	Axalta Coating Systems Ltd	$261,371,646,000	-0.3%	8,669,043	-1.6%	6.08%	+4.3%
HBI	Buy	Hanesbrands, Inc.	$236,616,537,000	-9.6%	15,444,943	+1.6%	5.50%	-5.4%
FEYE	Buy	FireEye, Inc.	$216,866,685,000	-6.4%	16,256,873	+3.9%	5.05%	-2.1%
WPX	Buy	WPX Energy Inc.	$155,727,485,000	-6.9%	14,705,145	+1.2%	3.62%	-2.6%
LGFB	Buy	Lions Gate Entertainment Corp. Cl B	$155,392,008,000	-19.3%	17,779,406	+7.2%	3.62%	-15.6%
FDX	Buy	FedEx Corporation	$146,540,806,000	-9.4%	1,006,669	+2.2%	3.41%	-5.2%
URBN	New	Urban Outfitters, Inc.	$143,874,171,000	–	5,121,900	–	3.35%	–
CZR	Sell	Caesars Entertainment Corp.	$139,622,856,000	-54.1%	11,974,516	-53.4%	3.25%	-51.9%
MDRX	Sell	Allscripts Healthcare Solutions, Inc.	$131,729,651,000	-6.3%	11,997,236	-0.8%	3.06%	-2.0%
BAC	Sell	Bank of America Corp	$128,707,053,000	-1.7%	4,412,309	-2.3%	3.00%	+2.9%
CADE	Buy	Cadence Bancorporation	$125,745,172,000	+11.1%	7,169,052	+31.7%	2.93%	+16.2%
IMAX	Buy	IMAX Corporation	$125,231,444,000	+8.7%	5,705,305	+0.0%	2.91%	+13.7%
AAPL	Sell	Apple Inc.	$124,220,480,000	-0.9%	554,629	-12.4%	2.89%	+3.7%
AMCX	Buy	AMC Networks Inc.	$121,197,589,000	-3.5%	2,465,370	+7.0%	2.82%	+1.0%
KR	New	Kroger Co.(The)	$117,574,846,000	–	4,560,700	–	2.74%	–
ENTG	Sell	Entegris, Inc.	$112,410,998,000	-16.2%	2,388,674	-33.6%	2.62%	-12.4%
CMP	Buy	Compass Minerals International, Inc.	$112,134,344,000	+10.9%	1,985,030	+7.9%	2.61%	+16.1%
CBS	Buy	CBS Corporation	$106,222,795,000	-17.4%	2,631,231	+2.0%	2.47%	-13.6%
RF	Sell	Regions Financial Corp	$104,136,383,000	+3.2%	6,582,578	-2.6%	2.42%	+7.9%
T	Sell	AT&T Inc.	$102,285,454,000	-10.0%	2,703,103	-20.3%	2.38%	-5.8%
GM	Sell	General Motors Company	$99,885,562,000	-5.8%	2,665,036	-3.2%	2.32%	-1.5%
MRK	Sell	Merck & Co., Inc.	$95,274,924,000	-1.3%	1,131,800	-1.7%	2.22%	+3.3%
VVV	Sell	Valvoline Inc.	$93,567,071,000	-4.5%	4,247,257	-15.3%	2.18%	-0.0%
DIS	Sell	Walt Disney Company	$92,061,132,000	-23.8%	706,423	-18.3%	2.14%	-20.3%
GLW	Sell	Corning Inc.	$86,977,444,000	-15.8%	3,049,700	-1.9%	2.02%	-11.9%
PQG	Buy	PQ Group Holdings Inc.	$73,059,571,000	+1.5%	4,583,411	+0.9%	1.70%	+6.2%
DVN	Buy	Devon Energy Corporation	$68,793,594,000	-15.3%	2,859,251	+0.4%	1.60%	-11.4%
BWXT	Sell	BWX Technologies, Inc.	$67,054,353,000	-40.7%	1,172,074	-46.0%	1.56%	-37.9%
SEMG	Buy	SemGroup Corporation	$55,364,135,000	+37.3%	3,388,258	+0.9%	1.29%	+43.8%
GSKY	Sell	GreenSky, Inc.	$53,141,773,000	-55.6%	7,763,590	-20.2%	1.24%	-53.5%
LYV	Sell	Live Nation Entertainment, Inc.	$44,882,260,000	-4.0%	676,549	-4.2%	1.04%	+0.4%
IWN	Buy	iShares Trust Russell 2000 Value Indexetf	$40,102,283,000	+53.8%	335,836	+55.2%	0.93%	+60.9%
ECOM	Sell	ChannelAdvisor Corporation	$38,424,382,000	+5.4%	4,118,369	-1.0%	0.89%	+10.2%
GOLF	Sell	Acushnet Holdings Corp.	$36,866,143,000	-27.2%	1,396,444	-27.6%	0.86%	-23.8%
BATRK	Buy	Liberty Braves Group (The)	$34,805,964,000	+33.6%	1,254,269	+34.7%	0.81%	+39.9%
LTHM	Buy	Livent Corporation	$32,441,482,000	+68.6%	4,849,250	+74.4%	0.76%	+76.4%
CIEN	Sell	Ciena Corporation	$29,241,257,000	-60.9%	745,380	-59.0%	0.68%	-59.1%
MAXR	Sell	Maxar Technologies Holdings Inc.	$28,912,839,000	-3.4%	3,804,321	-0.6%	0.67%	+1.1%
MOS	Buy	Mosaic Co.	$27,295,119,000	-13.7%	1,331,469	+5.4%	0.64%	-9.7%
IWM	Sell	iShares Russell 2000 ETFetf	$15,890,199,000	-12.7%	104,996	-10.3%	0.37%	-8.6%
BATRA	Sell	Liberty Media Corp Del Com A Braves Grp	$11,678,080,000	-2.5%	419,622	-2.6%	0.27%	+2.3%
VREX	New	Varex Imaging Corp	$10,897,856,000	–	381,845	–	0.25%	–
SPY	Sell	Spdr Trust Series 1etf	$8,792,110,000	-18.0%	29,626	-19.0%	0.20%	-13.9%
GS	Sell	Goldman Sachs Group	$2,093,023,000	-40.9%	10,100	-41.6%	0.05%	-38.0%
JPMPRFCL	Sell	JPMorgan Chase 6.125 percent Pfdpreferred	$1,728,604,000	-1.5%	67,550	-0.8%	0.04%	+2.6%
LGFA	Sell	Lions Gate Entertainment Corp. Cl A	$1,576,209,000	-27.9%	170,401	-4.5%	0.04%	-24.5%
MAAPRI	Sell	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$1,262,154,000	+0.2%	19,299	-0.8%	0.03%	+3.6%
VZ	New	Verizon Communications Com	$1,222,358,000	–	20,251	–	0.03%	–
STZ	Sell	Constellation Brands Inc. - A	$1,198,078,000	+4.0%	5,780	-1.2%	0.03%	+7.7%
CPRS	Sell	CITIGROUP INC DEP SHS PFD Spreferred	$990,756,000	-0.3%	37,700	-0.8%	0.02%	+4.5%
BACPRYCL	Sell	BANK AMER CORP DEP 1/1000 PFDpreferred	$951,426,000	-2.1%	37,800	-0.8%	0.02%	0.0%
JPM	New	JP MORGAN CHASE AND CO	$692,017,000	–	5,880	–	0.02%	–
BRKB	Sell	Berkshire Hathaway Inc. Cl B	$498,207,000	-13.3%	2,395	-11.1%	0.01%	-7.7%
MS	New	Morgan Stanley	$469,370,000	–	11,000	–	0.01%	–
MU	New	Micron Technology Inc.	$299,950,000	–	7,000	–	0.01%	–
PG	Sell	Procter & Gamble Co	$289,833,000	+11.1%	2,330	-2.1%	0.01%	+16.7%
MSFT	Sell	Microsoft Corp	$307,478,000	-0.6%	2,211	-4.3%	0.01%	0.0%
CHTR	New	CHARTER COMMUNICATIONS CL A	$206,060,000	–	500	–	0.01%	–
BK	Exit	Bank of New York Mellon Corp.	$0	–	-7,900	–	-0.01%	–
EA	Exit	ELECTRONIC ARTS INC COM	$0	–	-4,000	–	-0.01%	–
ATVI	Exit	ACTIVISION BLIZZARD IN COM	$0	–	-8,900	–	-0.01%	–
GOLD	Exit	BARRICK GOLD CORPORATI COM	$0	–	-39,000	–	-0.01%	–

Q2 2019

			Value		Shares		↓ Weighting
CZR	New	Caesars Entertainment Corp.	$303,984,526,000	–	25,717,811	–	6.76%	–
AXTA	New	Axalta Coating Systems Ltd	$262,211,718,000	–	8,807,918	–	5.83%	–
HBI	New	Hanesbrands, Inc.	$261,814,812,000	–	15,204,112	–	5.82%	–
FEYE	New	FireEye, Inc.	$231,802,950,000	–	15,651,786	–	5.15%	–
GPK	New	Graphic Packaging Holding Com	$230,913,363,000	–	16,517,408	–	5.13%	–
LGFB	New	Lions Gate Entertainment Corp. Cl B	$192,559,802,000	–	16,585,685	–	4.28%	–
WPX	New	WPX Energy Inc.	$167,283,991,000	–	14,533,796	–	3.72%	–
FDX	New	FedEx Corporation	$161,672,967,000	–	984,670	–	3.60%	–
MDRX	New	Allscripts Healthcare Solutions, Inc.	$140,655,383,000	–	12,094,186	–	3.13%	–
ENTG	New	Entegris, Inc.	$134,181,522,000	–	3,595,432	–	2.98%	–
BAC	New	Bank of America Corp	$130,935,580,000	–	4,515,020	–	2.91%	–
CBS	New	CBS Corporation	$128,676,181,000	–	2,578,681	–	2.86%	–
AMCX	New	AMC Networks Inc.	$125,566,701,000	–	2,304,399	–	2.79%	–
AAPL	New	Apple Inc.	$125,308,495,000	–	633,126	–	2.79%	–
DIS	New	Walt Disney Company	$120,781,793,000	–	864,951	–	2.69%	–
GSKY	New	GreenSky, Inc.	$119,565,194,000	–	9,728,657	–	2.66%	–
IMAX	New	IMAX Corporation	$115,227,971,000	–	5,704,355	–	2.56%	–
T	New	AT&T Inc.	$113,635,143,000	–	3,391,081	–	2.53%	–
CADE	New	Cadence Bancorporation	$113,190,084,000	–	5,441,831	–	2.52%	–
BWXT	New	BWX Technologies, Inc.	$113,017,039,000	–	2,169,233	–	2.51%	–
GM	New	General Motors Company	$106,084,122,000	–	2,753,286	–	2.36%	–
GLW	New	Corning Inc.	$103,333,403,000	–	3,109,642	–	2.30%	–
CMP	New	Compass Minerals International, Inc.	$101,091,734,000	–	1,839,704	–	2.25%	–
RF	New	Regions Financial Corp	$100,953,285,000	–	6,757,248	–	2.24%	–
VVV	New	Valvoline Inc.	$97,971,795,000	–	5,016,477	–	2.18%	–
MRK	New	Merck & Co., Inc.	$96,567,194,000	–	1,151,666	–	2.15%	–
DVN	New	Devon Energy Corporation	$81,256,087,000	–	2,849,091	–	1.81%	–
CIEN	New	Ciena Corporation	$74,709,930,000	–	1,816,434	–	1.66%	–
PQG	New	PQ Group Holdings Inc.	$71,968,906,000	–	4,540,625	–	1.60%	–
GOLF	New	Acushnet Holdings Corp.	$50,624,995,000	–	1,927,836	–	1.13%	–
LYV	New	Live Nation Entertainment, Inc.	$46,764,682,000	–	705,882	–	1.04%	–
SEMG	New	SemGroup Corporation	$40,309,896,000	–	3,359,158	–	0.90%	–
ECOM	New	ChannelAdvisor Corporation	$36,457,096,000	–	4,161,769	–	0.81%	–
MOS	New	Mosaic Co.	$31,611,880,000	–	1,262,959	–	0.70%	–
MAXR	New	Maxar Technologies Holdings Inc.	$29,942,302,000	–	3,828,939	–	0.67%	–
IWN	New	iShares Trust Russell 2000 Value Indexetf	$26,080,645,000	–	216,436	–	0.58%	–
BATRK	New	Liberty Braves Group (The)	$26,043,398,000	–	931,119	–	0.58%	–
LTHM	New	Livent Corporation	$19,238,638,000	–	2,780,150	–	0.43%	–
IWM	New	iShares Russell 2000 ETFetf	$18,192,985,000	–	116,996	–	0.40%	–
BATRA	New	Liberty Media Corp Del Com A Braves Grp	$11,979,631,000	–	430,922	–	0.27%	–
SPY	New	Spdr Trust Series 1etf	$10,716,573,000	–	36,575	–	0.24%	–
GS	New	Goldman Sachs Group	$3,539,580,000	–	17,300	–	0.08%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$2,186,637,000	–	178,501	–	0.05%	–
JPMPRFCL	New	JPMorgan Chase 6.125 percent Pfdpreferred	$1,754,256,000	–	68,100	–	0.04%	–
WLKP	New	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$1,418,326,000	–	57,679	–	0.03%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$1,259,322,000	–	19,449	–	0.03%	–
STZ	New	Constellation Brands Inc. - A	$1,152,099,000	–	5,850	–	0.03%	–
CPRS	New	CITIGROUP INC DEP SHS PFD Spreferred	$993,320,000	–	38,000	–	0.02%	–
BACPRYCL	New	BANK AMER CORP DEP 1/1000 PFDpreferred	$972,312,000	–	38,100	–	0.02%	–
GOLD	New	BARRICK GOLD CORPORATI COM	$615,030,000	–	39,000	–	0.01%	–
WFCPRX	New	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$635,000,000	–	25,000	–	0.01%	–
TMO	New	Thermo Fisher Scientific, Inc	$643,159,000	–	2,190	–	0.01%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$574,493,000	–	2,695	–	0.01%	–
CINR	New	Ciner Resources LP	$565,974,000	–	29,189	–	0.01%	–
KREF	New	KKR REAL ESTATE FIN TR COM	$498,000,000	–	25,000	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$446,360,000	–	2,000	–	0.01%	–
EA	New	ELECTRONIC ARTS INC COM	$405,040,000	–	4,000	–	0.01%	–
ATVI	New	ACTIVISION BLIZZARD IN COM	$420,080,000	–	8,900	–	0.01%	–
BK	New	Bank of New York Mellon Corp.	$348,785,000	–	7,900	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75 percent Series Bpreferred	$333,554,000	–	9,000	–	0.01%	–
	New	Berkshire Hathaway Inc. Cl A	$318,350,000	–	100	–	0.01%	–
MSFT	New	Microsoft Corp	$309,462,000	–	2,310	–	0.01%	–
MSPRGCL	New	MORGAN STANLEY DEP 1/1000 PFD Gpreferred	$253,600,000	–	10,000	–	0.01%	–
PG	New	Procter & Gamble Co	$260,971,000	–	2,380	–	0.01%	–
RFPRB	New	REGIONS FINL CORP NEW DEP SHS PFD Bpreferred	$273,700,000	–	10,000	–	0.01%	–
UZB	New	UNITED STATES CELLULAR SR NT 120163preferred	$262,600,000	–	10,000	–	0.01%	–
BACPRA	New	BANK AMER CORP DEP SHS PFD EEpreferred	$265,700,000	–	10,000	–	0.01%	–
WFCPRV	New	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$261,800,000	–	10,000	–	0.01%	–
GSPRN	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$265,000,000	–	10,000	–	0.01%	–
	New	CITIGROUP INC DEP SHS RP PFD Kpreferred	$274,100,000	–	10,000	–	0.01%	–
	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Kpreferred	$274,500,000	–	10,000	–	0.01%	–
RCL	New	Royal Carriben Cruis Com	$242,420,000	–	2,000	–	0.01%	–
EFX	New	Equifax Inc.	$243,432,000	–	1,800	–	0.01%	–
NTR	New	NUTRIEN LTD COM	$243,777,000	–	4,560	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
WFCPRV	Exit	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$0	–	-10,000	–	-0.01%	–
DAL	Exit	Delta Airlines	$0	–	-3,800	–	-0.01%	–
OLN	Exit	OLIN CORP COM PAR $1	$0	–	-9,000	–	-0.01%	–
UZB	Exit	UNITED STATES CELLULAR SR NT 120163preferred	$0	–	-10,000	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
TIF	Exit	Tiffany & Co.	$0	–	-1,900	–	-0.01%	–
BACPRA	Exit	BANK AMER CORP DEP SHS PFD EEpreferred	$0	–	-10,000	–	-0.01%	–
MSPRGCL	Exit	MORGAN STANLEY DEP 1/1000 PFD Gpreferred	$0	–	-10,000	–	-0.01%	–
GSPRN	Exit	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$0	–	-10,000	–	-0.01%	–
BRKB	Exit	Berkshire Hathaway Inc. Cl B	$0	–	-1,270	–	-0.01%	–
MSFT	Exit	Microsoft Corp	$0	–	-2,543	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,381	–	-0.01%	–
RCL	Exit	Royal Carriben Cruis Com	$0	–	-2,000	–	-0.01%	–
NTR	Exit	NUTRIEN LTD COM	$0	–	-5,360	–	-0.01%	–
GE	Exit	General Electric Com	$0	–	-28,919	–	-0.01%	–
EA	Exit	ELECTRONIC ARTS INC COM	$0	–	-2,600	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Cl A	$0	–	-100	–	-0.01%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-6,886	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75 percent Series Bpreferred	$0	–	-9,000	–	-0.01%	–
KREF	Exit	KKR REAL ESTATE FIN TR COM	$0	–	-25,000	–	-0.01%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,190	–	-0.01%	–
ENLK	Exit	EnLink Midstream Partners, LP	$0	–	-30,000	–	-0.01%	–
MU	Exit	Micron Technology Inc.	$0	–	-12,500	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-3,993	–	-0.01%	–
HYG	Exit	iShares iBoxx $ High Yield Corporate Bdetf	$0	–	-6,300	–	-0.01%	–
WFCPRX	Exit	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$0	–	-25,000	–	-0.01%	–
CINR	Exit	Ciner Resources LP	$0	–	-29,189	–	-0.02%	–
CHTR	Exit	CHARTER COMMUNICATIONS CL A	$0	–	-2,550	–	-0.02%	–
CPRS	Exit	CITIGROUP INC DEP SHS PFD Spreferred	$0	–	-38,000	–	-0.02%	–
BACPRYCL	Exit	BANK AMER CORP DEP 1/1000 PFDpreferred	$0	–	-38,100	–	-0.02%	–
GS	Exit	Goldman Sachs Group	$0	–	-4,450	–	-0.02%	–
CAPL	Exit	CROSSAMERICA PARTNERS UT LTD PTN INT	$0	–	-66,651	–	-0.03%	–
MAAPRI	Exit	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$0	–	-19,449	–	-0.03%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-5,950	–	-0.03%	–
WLKP	Exit	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$0	–	-57,679	–	-0.03%	–
JPMPRFCL	Exit	JPMorgan Chase 6.125 percent Pfdpreferred	$0	–	-68,100	–	-0.04%	–
T	Exit	AT&T, Inc.	$0	–	-102,492	–	-0.07%	–
CTLT	Exit	Catalent Inc.	$0	–	-111,100	–	-0.11%	–
LGFA	Exit	Lions Gate Entertainment Corp. Cl A	$0	–	-212,896	–	-0.11%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-30,073	–	-0.18%	–
BATRA	Exit	Liberty Media Corp Del Com A Braves Grp	$0	–	-401,222	–	-0.23%	–
DISCK	Exit	Discovery Communications SER C	$0	–	-392,627	–	-0.25%	–
BATRK	Exit	Liberty Braves Group (The)	$0	–	-505,606	–	-0.29%	–
MDY	Exit	S&P Midcap 400 ETFetf	$0	–	-44,128	–	-0.34%	–
IWN	Exit	iShares Trust Russell 2000 Value Indexetf	$0	–	-157,475	–	-0.44%	–
PDCO	Exit	Patterson Companies, Inc.	$0	–	-913,666	–	-0.47%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-179,546	–	-0.64%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-4,052,310	–	-1.07%	–
SEMG	Exit	SemGroup Corporation	$0	–	-2,291,558	–	-1.07%	–
MDRX	Exit	Allscripts Healthcare Solutions, Inc.	$0	–	-3,693,050	–	-1.12%	–
PQG	Exit	PQ Group Holdings Inc.	$0	–	-3,583,692	–	-1.33%	–
FDC	Exit	First Data Corporation	$0	–	-2,769,843	–	-1.44%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,948,648	–	-1.65%	–
VSM	Exit	Versum Materials, Inc.	$0	–	-2,301,268	–	-1.76%	–
GM	Exit	General Motors Company	$0	–	-2,649,839	–	-1.89%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-1,461,441	–	-1.94%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-3,152,995	–	-2.14%	–
GPK	Exit	Graphic Packaging Holding Com	$0	–	-7,227,994	–	-2.14%	–
RF	Exit	Regions Financial Corp	$0	–	-5,523,097	–	-2.15%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-1,923,587	–	-2.22%	–
KN	Exit	Knowles Corporation	$0	–	-6,304,738	–	-2.22%	–
UPS	Exit	United Parcel Service, Inc.	$0	–	-905,337	–	-2.24%	–
PFE	Exit	Pfizer Inc.	$0	–	-2,431,436	–	-2.27%	–
GLW	Exit	Corning Inc.	$0	–	-3,063,592	–	-2.29%	–
BAC	Exit	Bank of America Corp	$0	–	-3,683,083	–	-2.30%	–
DIS	Exit	Walt Disney Company	$0	–	-966,459	–	-2.39%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-1,641,252	–	-2.47%	–
MOS	Exit	Mosaic Co.	$0	–	-3,590,569	–	-2.47%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,784,248	–	-2.54%	–
GOLF	Exit	Acushnet Holdings Corp.	$0	–	-4,378,170	–	-2.54%	–
WPX	Exit	WPX Energy Inc.	$0	–	-5,977,008	–	-2.55%	–
MAXR	Exit	Maxar Technologies Holdings Inc.	$0	–	-3,734,878	–	-2.62%	–
IMAX	Exit	IMAX Corporation	$0	–	-4,819,407	–	-2.63%	–
ENTG	Exit	Entegris, Inc.	$0	–	-4,328,280	–	-2.66%	–
AAPL	Exit	Apple Inc.	$0	–	-599,394	–	-2.87%	–
LGFB	Exit	Lions Gate Entertainment Corp. Cl B	$0	–	-6,088,882	–	-3.01%	–
CIEN	Exit	Ciena Corporation	$0	–	-4,719,396	–	-3.12%	–
VVV	Exit	Valvoline Inc.	$0	–	-6,863,640	–	-3.13%	–
AMCX	Exit	AMC Networks Inc.	$0	–	-2,243,389	–	-3.15%	–
CBS	Exit	CBS Corporation	$0	–	-2,749,112	–	-3.35%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-8,254,273	–	-5.10%	–
CZR	Exit	Caesars Entertainment Corp.	$0	–	-24,008,862	–	-5.21%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-13,700,656	–	-5.35%	–
FEYE	Exit	FireEye, Inc.	$0	–	-16,726,416	–	-6.02%	–

Q3 2018

			Value		Shares		↓ Weighting
FEYE	Buy	FireEye, Inc.	$284,349,072,000	+18.7%	16,726,416	+7.5%	6.02%	+15.8%
HBI	Buy	Hanesbrands, Inc.	$252,503,107,000	-5.1%	13,700,656	+13.4%	5.35%	-7.5%
CZR	Buy	Caesars Entertainment Corp.	$246,090,835,000	+11.6%	24,008,862	+16.5%	5.21%	+8.9%
AXTA	Buy	Axalta Coating Systems Ltd	$240,694,600,000	+6.9%	8,254,273	+11.1%	5.10%	+4.2%
CBS	Buy	CBS Corporation	$157,936,484,000	+28.3%	2,749,112	+25.6%	3.35%	+25.1%
AMCX	Sell	AMC Networks Inc.	$148,826,426,000	-4.2%	2,243,389	-10.1%	3.15%	-6.6%
VVV	Buy	Valvoline Inc.	$147,636,896,000	+0.5%	6,863,640	+0.7%	3.13%	-2.0%
CIEN	Sell	Ciena Corporation	$147,433,931,000	-2.9%	4,719,396	-17.6%	3.12%	-5.3%
LGFB	Buy	Lions Gate Entertainment Corp. Cl B	$141,870,950,000	+18.4%	6,088,882	+19.2%	3.01%	+15.4%
AAPL	Sell	Apple Inc.	$135,307,399,000	+9.6%	599,394	-10.2%	2.87%	+6.9%
ENTG	Buy	Entegris, Inc.	$125,303,706,000	-12.6%	4,328,280	+2.3%	2.66%	-14.8%
IMAX	Buy	IMAX Corporation	$124,340,700,000	+19.1%	4,819,407	+2.3%	2.63%	+16.1%
MAXR	Buy	Maxar Technologies Holdings Inc.	$123,512,415,000	-19.2%	3,734,878	+23.4%	2.62%	-21.2%
WPX	Sell	WPX Energy Inc.	$120,257,400,000	-21.0%	5,977,008	-29.2%	2.55%	-22.9%
GOLF	Sell	Acushnet Holdings Corp.	$120,093,225,000	+3.5%	4,378,170	-7.7%	2.54%	+0.9%
CMP	Buy	Compass Minerals International, Inc.	$119,901,465,000	+7.2%	1,784,248	+4.9%	2.54%	+4.5%
MOS	Sell	Mosaic Co.	$116,621,684,000	-33.3%	3,590,569	-42.4%	2.47%	-35.0%
MRK	Sell	Merck & Co., Inc.	$116,430,469,000	+16.9%	1,641,252	-0.0%	2.47%	+13.9%
DIS	Buy	Walt Disney Company	$113,017,728,000	+12.2%	966,459	+0.6%	2.39%	+9.4%
BAC	Sell	Bank of America Corp	$108,503,625,000	+2.6%	3,683,083	-1.8%	2.30%	+0.0%
GLW	Sell	Corning Inc.	$108,144,797,000	+17.9%	3,063,592	-8.1%	2.29%	+15.0%
PFE	Sell	Pfizer Inc.	$107,153,410,000	+16.3%	2,431,436	-4.2%	2.27%	+13.4%
UPS	Buy	United Parcel Service, Inc.	$105,698,094,000	+10.1%	905,337	+0.2%	2.24%	+7.3%
KN	Sell	Knowles Corporation	$104,784,745,000	-10.9%	6,304,738	-17.9%	2.22%	-13.1%
LYV	Sell	Live Nation Entertainment, Inc.	$104,777,783,000	-8.5%	1,923,587	-18.4%	2.22%	-10.8%
RF	Buy	Regions Financial Corp	$101,348,829,000	+8.5%	5,523,097	+5.2%	2.15%	+5.8%
GPK	New	Graphic Packaging Holding Com	$101,264,195,000	–	7,227,994	–	2.14%	–
DISCA	Sell	Discovery Communications, Inc.	$100,895,840,000	-17.1%	3,152,995	-28.7%	2.14%	-19.1%
BWXT	Sell	BWX Technologies, Inc.	$91,398,520,000	-0.0%	1,461,441	-0.4%	1.94%	-2.5%
GM	Buy	General Motors Company	$89,220,084,000	+117.4%	2,649,839	+154.4%	1.89%	+111.9%
VSM	Buy	Versum Materials, Inc.	$82,868,664,000	+3.8%	2,301,268	+7.1%	1.76%	+1.3%
DVN	Buy	Devon Energy Corporation	$77,829,034,000	-7.8%	1,948,648	+1.5%	1.65%	-10.1%
FDC	Sell	First Data Corporation	$67,778,058,000	-25.6%	2,769,843	-36.4%	1.44%	-27.5%
PQG	Buy	PQ Group Holdings Inc.	$62,607,099,000	+52.0%	3,583,692	+56.6%	1.33%	+48.2%
MDRX	New	Allscripts Healthcare Solutions, Inc.	$52,625,962,000	–	3,693,050	–	1.12%	–
SEMG	Buy	SemGroup Corporation	$50,528,853,000	-11.3%	2,291,558	+2.2%	1.07%	-13.5%
ECOM	Buy	ChannelAdvisor Corporation	$50,451,259,000	-9.6%	4,052,310	+2.0%	1.07%	-11.9%
IWM	New	iShares Russell 2000 ETFetf	$30,262,538,000	–	179,546	–	0.64%	–
PDCO	Sell	Patterson Companies, Inc.	$22,339,133,000	-63.4%	913,666	-66.1%	0.47%	-64.4%
IWN	Buy	iShares Trust Russell 2000 Value Indexetf	$20,944,232,000	+50.4%	157,475	+49.2%	0.44%	+46.5%
MDY	New	S&P Midcap 400 ETFetf	$16,215,415,000	–	44,128	–	0.34%	–
BATRK	New	Liberty Braves Group (The)	$13,777,763,000	–	505,606	–	0.29%	–
DISCK	Buy	Discovery Communications SER C	$11,613,906,000	+17.2%	392,627	+1.1%	0.25%	+14.4%
BATRA	Buy	Liberty Media Corp Del Com A Braves Grp	$10,945,336,000	+14.6%	401,222	+8.0%	0.23%	+11.5%
SPY	Buy	Spdr Trust Series 1etf	$8,742,923,000	+17.3%	30,073	+9.5%	0.18%	+14.2%
LGFA	Buy	Lions Gate Entertainment Corp. Cl A	$5,192,533,000	-1.2%	212,896	+0.5%	0.11%	-3.5%
CTLT	Sell	Catalent Inc.	$5,060,605,000	+6.8%	111,100	-1.8%	0.11%	+3.9%
T	Buy	AT&T, Inc.	$3,441,712,000	+58.5%	102,492	+51.6%	0.07%	+55.3%
GS	Buy	Goldman Sachs Group	$997,868,000	+101.1%	4,450	+97.8%	0.02%	+90.9%
MU	New	Micron Technology Inc.	$565,375,000	–	12,500	–	0.01%	–
JNJ	Buy	Johnson & Johnson	$551,725,000	+13.9%	3,993	+0.0%	0.01%	+9.1%
KREF	New	KKR REAL ESTATE FIN TR COM	$504,250,000	–	25,000	–	0.01%	–
DWDP	Buy	DOWDUPONT INC COM	$442,886,000	-2.4%	6,886	+0.1%	0.01%	-10.0%
EA	New	ELECTRONIC ARTS INC COM	$313,274,000	–	2,600	–	0.01%	–
GE	Buy	General Electric Com	$326,498,000	+27.0%	28,919	+53.1%	0.01%	+16.7%
PG	Buy	Procter & Gamble Co	$281,467,000	+6.8%	3,381	+0.1%	0.01%	0.0%
MSFT	Buy	Microsoft Corp	$290,897,000	+16.1%	2,543	+0.1%	0.01%	+20.0%
DAL	New	Delta Airlines	$219,754,000	–	3,800	–	0.01%	–
KEX	Exit	Kirby Corp	$0	–	-2,400	–	-0.00%	–
TAP	Exit	Molson Coors Brewing Co Cl B	$0	–	-3,050	–	-0.01%	–
HOG	Exit	HARLEY DAVIDSON INC COM	$0	–	-5,000	–	-0.01%	–
WFCPRJCL	Exit	Wells Fargo & Co New Dep Shs Ser Jpreferred	$0	–	-10,500	–	-0.01%	–
LBTYA	Exit	Liberty Global PLC-A	$0	–	-10,600	–	-0.01%	–
WBA	Exit	WALGREENS BOOTS ALLIAN COM	$0	–	-5,000	–	-0.01%	–
SNV	Exit	Synovus Financial Corporation	$0	–	-7,142	–	-0.01%	–
GNRC	Exit	Generac Holdings Inc.	$0	–	-633,715	–	-0.71%	–
FLIR	Exit	FLIR Systems Inc.	$0	–	-666,274	–	-0.75%	–
DNB	Exit	Dun & Bradstreet	$0	–	-797,486	–	-2.12%	–

Q2 2018

			Value		Shares		↓ Weighting
HBI	New	Hanesbrands, Inc.	$266,128,877,000	–	12,085,780	–	5.78%	–
FEYE	New	FireEye, Inc.	$239,507,505,000	–	15,562,541	–	5.20%	–
AXTA	New	Axalta Coating Systems Ltd	$225,196,419,000	–	7,429,773	–	4.89%	–
CZR	New	Caesars Entertainment Corp.	$220,429,223,000	–	20,600,862	–	4.79%	–
MOS	New	Mosaic Co.	$174,963,883,000	–	6,237,571	–	3.80%	–
AMCX	New	AMC Networks Inc.	$155,287,835,000	–	2,496,589	–	3.37%	–
MAXR	New	Maxar Technologies Holdings Inc.	$152,907,317,000	–	3,026,669	–	3.32%	–
WPX	New	WPX Energy Inc.	$152,169,756,000	–	8,439,809	–	3.31%	–
CIEN	New	Ciena Corporation	$151,820,119,000	–	5,726,900	–	3.30%	–
VVV	New	Valvoline Inc.	$146,963,743,000	–	6,813,340	–	3.19%	–
ENTG	New	Entegris, Inc.	$143,393,101,000	–	4,229,885	–	3.12%	–
AAPL	New	Apple Inc.	$123,490,124,000	–	667,117	–	2.68%	–
CBS	New	CBS Corporation	$123,090,148,000	–	2,189,437	–	2.68%	–
DISCA	New	Discovery Communications, Inc.	$121,684,145,000	–	4,424,878	–	2.64%	–
LGFB	New	Lions Gate Entertainment Corp. Cl B	$119,839,146,000	–	5,108,233	–	2.60%	–
KN	New	Knowles Corporation	$117,548,813,000	–	7,682,929	–	2.55%	–
GOLF	New	Acushnet Holdings Corp.	$116,030,946,000	–	4,743,701	–	2.52%	–
LYV	New	Live Nation Entertainment, Inc.	$114,501,735,000	–	2,357,458	–	2.49%	–
CMP	New	Compass Minerals International, Inc.	$111,885,986,000	–	1,701,688	–	2.43%	–
BAC	New	Bank of America Corp	$105,759,239,000	–	3,751,658	–	2.30%	–
IMAX	New	IMAX Corporation	$104,391,997,000	–	4,712,957	–	2.27%	–
DIS	New	Walt Disney Company	$100,710,657,000	–	960,887	–	2.19%	–
MRK	New	Merck & Co., Inc.	$99,627,035,000	–	1,641,302	–	2.16%	–
DNB	New	Dun & Bradstreet	$97,811,657,000	–	797,486	–	2.12%	–
UPS	New	United Parcel Service, Inc.	$96,007,912,000	–	903,774	–	2.09%	–
RF	New	Regions Financial Corp	$93,388,063,000	–	5,252,422	–	2.03%	–
PFE	New	Pfizer Inc.	$92,106,960,000	–	2,538,780	–	2.00%	–
GLW	New	Corning Inc.	$91,733,883,000	–	3,334,565	–	1.99%	–
BWXT	New	BWX Technologies, Inc.	$91,419,763,000	–	1,466,941	–	1.99%	–
FDC	New	First Data Corporation	$91,115,406,000	–	4,353,340	–	1.98%	–
DVN	New	Devon Energy Corporation	$84,386,945,000	–	1,919,630	–	1.83%	–
VSM	New	Versum Materials, Inc.	$79,797,386,000	–	2,147,978	–	1.73%	–
PDCO	New	Patterson Companies, Inc.	$61,056,793,000	–	2,693,286	–	1.33%	–
SEMG	New	SemGroup Corporation	$56,953,353,000	–	2,242,258	–	1.24%	–
ECOM	New	ChannelAdvisor Corporation	$55,802,595,000	–	3,971,715	–	1.21%	–
PQG	New	PQ Group Holdings Inc.	$41,186,106,000	–	2,288,117	–	0.90%	–
GM	New	General Motors Company	$41,042,352,000	–	1,041,684	–	0.89%	–
FLIR	New	FLIR Systems Inc.	$34,626,259,000	–	666,274	–	0.75%	–
GNRC	New	Generac Holdings Inc.	$32,782,076,000	–	633,715	–	0.71%	–
IWN	New	iShares Trust Russell 2000 Value Indexetf	$13,927,342,000	–	105,574	–	0.30%	–
DISCK	New	Discovery Communications SER C	$9,907,438,000	–	388,527	–	0.22%	–
BATRA	New	Liberty Media Corp Del Com A Braves Grp	$9,550,056,000	–	371,453	–	0.21%	–
SPY	New	Spdr Trust Series 1etf	$7,452,804,000	–	27,472	–	0.16%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$5,258,017,000	–	211,846	–	0.11%	–
CTLT	New	Catalent Inc.	$4,737,759,000	–	113,100	–	0.10%	–
T	New	AT&T, Inc.	$2,170,992,000	–	67,611	–	0.05%	–
JPMPRFCL	New	JPMorgan Chase 6.125 percent Pfdpreferred	$1,782,858,000	–	68,100	–	0.04%	–
WLKP	New	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$1,413,135,000	–	57,679	–	0.03%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$1,269,825,000	–	19,449	–	0.03%	–
STZ	New	Constellation Brands Inc. - A	$1,302,276,000	–	5,950	–	0.03%	–
CAPL	New	CROSSAMERICA PARTNERS UT LTD PTN INT	$1,125,068,000	–	66,651	–	0.02%	–
CPRS	New	CITIGROUP INC DEP SHS PFD Spreferred	$997,880,000	–	38,000	–	0.02%	–
BACPRYCL	New	BANK AMER CORP DEP 1/1000 PFDpreferred	$1,003,173,000	–	38,100	–	0.02%	–
CINR	New	Ciner Resources LP	$767,086,000	–	29,189	–	0.02%	–
CHTR	New	CHARTER COMMUNICATIONS CL A	$747,685,000	–	2,550	–	0.02%	–
WFCPRX	New	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$625,000,000	–	25,000	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$548,380,000	–	2,000	–	0.01%	–
HYG	New	iShares iBoxx $ High Yield Corporate Bdetf	$536,004,000	–	6,300	–	0.01%	–
JNJ	New	Johnson & Johnson	$484,488,000	–	3,992	–	0.01%	–
GS	New	Goldman Sachs Group	$496,282,000	–	2,250	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75 percent Series Bpreferred	$444,285,000	–	9,000	–	0.01%	–
ENLK	New	EnLink Midstream Partners, LP	$465,900,000	–	30,000	–	0.01%	–
DWDP	New	DOWDUPONT INC COM	$453,712,000	–	6,882	–	0.01%	–
TMO	New	Thermo Fisher Scientific, Inc	$453,636,000	–	2,190	–	0.01%	–
SNV	New	Synovus Financial Corporation	$377,311,000	–	7,142	–	0.01%	–
WBA	New	WALGREENS BOOTS ALLIAN COM	$300,075,000	–	5,000	–	0.01%	–
GE	New	General Electric Com	$257,123,000	–	18,892	–	0.01%	–
WFCPRV	New	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$257,900,000	–	10,000	–	0.01%	–
LBTYA	New	Liberty Global PLC-A	$291,924,000	–	10,600	–	0.01%	–
MSPRGCL	New	MORGAN STANLEY DEP 1/1000 PFD Gpreferred	$264,200,000	–	10,000	–	0.01%	–
NTR	New	NUTRIEN LTD COM	$291,476,000	–	5,360	–	0.01%	–
OLN	New	OLIN CORP COM PAR $1	$258,480,000	–	9,000	–	0.01%	–
GSPRN	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$266,400,000	–	10,000	–	0.01%	–
WFCPRJCL	New	Wells Fargo & Co New Dep Shs Ser Jpreferred	$269,850,000	–	10,500	–	0.01%	–
PG	New	Procter & Gamble Co	$263,625,000	–	3,377	–	0.01%	–
BACPRA	New	BANK AMER CORP DEP SHS PFD EEpreferred	$260,900,000	–	10,000	–	0.01%	–
	New	Berkshire Hathaway Inc. Cl A	$282,040,000	–	100	–	0.01%	–
UZB	New	UNITED STATES CELLULAR SR NT 120163preferred	$255,900,000	–	10,000	–	0.01%	–
RCL	New	Royal Carriben Cruis Com	$207,200,000	–	2,000	–	0.01%	–
MSFT	New	Microsoft Corp	$250,566,000	–	2,540	–	0.01%	–
HOG	New	HARLEY DAVIDSON INC COM	$210,400,000	–	5,000	–	0.01%	–
TAP	New	Molson Coors Brewing Co Cl B	$207,522,000	–	3,050	–	0.01%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$237,045,000	–	1,270	–	0.01%	–
EFX	New	Equifax Inc.	$225,198,000	–	1,800	–	0.01%	–
TIF	New	Tiffany & Co.	$250,040,000	–	1,900	–	0.01%	–
KEX	New	Kirby Corp	$200,640,000	–	2,400	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
GG	Exit	GOLDCORP INC NEW COM	$0	–	-18,000	–	-0.01%	–
GEBCL	Exit	GENERAL ELEC CAP CORP NT 52preferred	$0	–	-8,022	–	-0.01%	–
RCL	Exit	Royal Carriben Cruis Com	$0	–	-2,000	–	-0.01%	–
AMZN	Exit	Amazon.com, Inc.	$0	–	-215	–	-0.01%	–
BRKB	Exit	Berkshire Hathaway Inc. Cl B	$0	–	-1,270	–	-0.01%	–
KEX	Exit	Kirby Corp	$0	–	-3,400	–	-0.01%	–
CCMP	Exit	Cabot Microelectronics Com	$0	–	-2,850	–	-0.01%	–
AMC	Exit	AMC ENTMT HLDGS INC CL A COM	$0	–	-15,000	–	-0.01%	–
TWTR	Exit	Twitter Inc.	$0	–	-12,800	–	-0.01%	–
WFCPRV	Exit	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$0	–	-10,000	–	-0.01%	–
UZB	Exit	UNITED STATES CELLULAR SR NT 120163preferred	$0	–	-10,000	–	-0.01%	–
WFCPRJCL	Exit	Wells Fargo & Co New Dep Shs Ser Jpreferred	$0	–	-10,500	–	-0.01%	–
TAP	Exit	Molson Coors Brewing Co Cl B	$0	–	-3,050	–	-0.01%	–
BACPRA	Exit	BANK AMER CORP DEP SHS PFD EEpreferred	$0	–	-10,000	–	-0.01%	–
CPRS	Exit	CITIGROUP INC DEP SHS PFD Spreferred	$0	–	-10,000	–	-0.01%	–
JPMPRFCL	Exit	JPMORGAN CHASE & CO DEP SHS 1/400preferred	$0	–	-10,000	–	-0.01%	–
POT	Exit	Potash Corp Sask Inc Com	$0	–	-13,400	–	-0.01%	–
GSPRN	Exit	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$0	–	-10,000	–	-0.01%	–
BACPRYCL	Exit	BANK AMER CORP DEP 1/1000 PFDpreferred	$0	–	-10,000	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Cl A	$0	–	-100	–	-0.01%	–
VIAB	Exit	VIACOM INC NEW CL B	$0	–	-9,800	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,463	–	-0.01%	–
SNV	Exit	Synovus Financial Corporation	$0	–	-7,142	–	-0.01%	–
SNI	Exit	Scripps Networks Inter - CL A	$0	–	-4,100	–	-0.01%	–
TERP	Exit	TERRAFORM PWR INC CL A COM	$0	–	-26,000	–	-0.01%	–
TWX	Exit	Time Warner Inc. New	$0	–	-3,602	–	-0.01%	–
BKS	Exit	Barnes And Noble	$0	–	-50,000	–	-0.01%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,190	–	-0.01%	–
LBTYA	Exit	Liberty Global PLC-A	$0	–	-12,600	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
GOLD	Exit	Barrick Gold Corp	$0	–	-26,000	–	-0.01%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-7,371	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75 percent Series Bpreferred	$0	–	-10,500	–	-0.01%	–
DISCK	Exit	Discovery Communications SER C	$0	–	-26,550	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-4,292	–	-0.01%	–
HYG	Exit	iShares iBoxx percent High Yield Corporate Bdetf	$0	–	-6,800	–	-0.01%	–
WFCPRX	Exit	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$0	–	-25,000	–	-0.02%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-8,958	–	-0.02%	–
CINR	Exit	Ciner Resources LP	$0	–	-30,189	–	-0.02%	–
GE	Exit	General Electric Com	$0	–	-44,813	–	-0.02%	–
CAPL	Exit	CROSSAMERICA PARTNERS UT LTD PTN INT	$0	–	-41,947	–	-0.03%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-6,100	–	-0.03%	–
WLKP	Exit	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$0	–	-55,358	–	-0.03%	–
MAAPRI	Exit	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$0	–	-21,153	–	-0.03%	–
CHTR	Exit	CHARTER COMMUNICATIONS CL A	$0	–	-7,700	–	-0.06%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-17,395	–	-0.10%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-55,646	–	-0.19%	–
DNOW	Exit	NOW Inc.	$0	–	-2,205,203	–	-0.69%	–
CTLT	Exit	Catalent Inc.	$0	–	-893,734	–	-0.81%	–
LNN	Exit	Lindsay Corporation	$0	–	-413,270	–	-0.86%	–
PKI	Exit	PerkinElmer, Inc.	$0	–	-601,564	–	-0.94%	–
GOLF	Exit	Acushnet Holdings Corp.	$0	–	-2,432,917	–	-0.98%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-3,842,275	–	-1.00%	–
IMAX	Exit	IMAX Corporation	$0	–	-2,086,869	–	-1.08%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,339,641	–	-1.12%	–
CCC	Exit	Calgon Carbon Corp	$0	–	-2,354,652	–	-1.14%	–
RF	Exit	Regions Financial Corp	$0	–	-3,383,430	–	-1.17%	–
GNRC	Exit	Generac Holdings Inc.	$0	–	-1,234,590	–	-1.29%	–
LGFA	Exit	Lions Gate Entertainment Corp. Cl A	$0	–	-1,786,539	–	-1.36%	–
PDCO	Exit	Patterson Companies, Inc.	$0	–	-1,553,210	–	-1.36%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-2,081,332	–	-1.37%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-955,684	–	-1.39%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-3,618,430	–	-1.75%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-3,168,320	–	-1.78%	–
FDC	Exit	First Data Corporation	$0	–	-4,427,500	–	-1.82%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,268,083	–	-1.87%	–
DIS	Exit	Walt Disney Company	$0	–	-889,235	–	-1.99%	–
VVV	Exit	Valvoline Inc.	$0	–	-3,876,561	–	-2.07%	–
GLW	Exit	Corning Inc.	$0	–	-3,058,146	–	-2.08%	–
PFE	Exit	Pfizer Inc.	$0	–	-2,591,742	–	-2.10%	–
GM	Exit	General Motors Company	$0	–	-2,304,952	–	-2.12%	–
LGFB	Exit	Lions Gate Entertainment Corp. Cl B	$0	–	-3,006,611	–	-2.17%	–
FLIR	Exit	FLIR Systems Inc.	$0	–	-2,718,037	–	-2.40%	–
AAPL	Exit	Apple Inc.	$0	–	-687,482	–	-2.41%	–
CBS	Exit	CBS Corporation	$0	–	-1,835,770	–	-2.42%	–
DNB	Exit	Dun & Bradstreet	$0	–	-921,331	–	-2.44%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-1,956,191	–	-2.49%	–
AMCX	Exit	AMC Networks Inc.	$0	–	-1,934,897	–	-2.57%	–
MOS	Exit	Mosaic Co.	$0	–	-6,287,625	–	-3.09%	–
DGI	Exit	DigitalGlobe Inc.	$0	–	-4,029,561	–	-3.23%	–
WPX	Exit	WPX Energy Inc.	$0	–	-12,376,544	–	-3.24%	–
KN	Exit	Knowles Corporation	$0	–	-9,812,418	–	-3.41%	–
USG	Exit	USG Corporation	$0	–	-4,805,860	–	-3.57%	–
VSM	Exit	Versum Materials, Inc.	$0	–	-4,119,775	–	-3.64%	–
BAC	Exit	Bank of America Corp	$0	–	-6,598,243	–	-3.80%	–
CZR	Exit	Caesars Entertainment Corp.	$0	–	-13,101,588	–	-3.98%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-4,095,759	–	-4.06%	–
ENTG	Exit	Entegris, Inc.	$0	–	-6,893,623	–	-4.52%	–
URBN	Exit	Urban Outfitters, Inc.	$0	–	-9,914,645	–	-5.39%	–
FEYE	Exit	FireEye, Inc.	$0	–	-16,376,644	–	-6.24%	–

Q3 2017

			Value		Shares		↓ Weighting
FEYE	Sell	FireEye, Inc.	$274,636,319,000	+2.5%	16,376,644	-7.0%	6.24%	-4.1%
URBN	Buy	Urban Outfitters, Inc.	$236,960,015,000	+44.8%	9,914,645	+12.3%	5.39%	+35.4%
ENTG	Sell	Entegris, Inc.	$198,881,023,000	+20.8%	6,893,623	-8.1%	4.52%	+12.9%
LYV	Sell	Live Nation Entertainment, Inc.	$178,370,304,000	-1.1%	4,095,759	-20.8%	4.06%	-7.5%
CZR	Buy	Caesars Entertainment Corp.	$174,906,199,000	+238.2%	13,101,588	+204.0%	3.98%	+216.3%
BAC	Sell	Bank of America Corp	$167,199,477,000	+2.8%	6,598,243	-1.6%	3.80%	-3.9%
VSM	Sell	Versum Materials, Inc.	$159,929,665,000	+11.0%	4,119,775	-7.1%	3.64%	+3.8%
USG	Sell	USG Corporation	$156,911,329,000	+11.0%	4,805,860	-1.3%	3.57%	+3.8%
KN	Buy	Knowles Corporation	$149,835,622,000	-9.7%	9,812,418	+0.1%	3.41%	-15.6%
WPX	Buy	WPX Energy Inc.	$142,330,256,000	+19.8%	12,376,544	+0.6%	3.24%	+12.0%
DGI	Buy	DigitalGlobe Inc.	$142,042,025,000	+6.3%	4,029,561	+0.4%	3.23%	-0.6%
MOS	Buy	Mosaic Co.	$135,749,839,000	-4.9%	6,287,625	+0.6%	3.09%	-11.1%
AMCX	Sell	AMC Networks Inc.	$113,133,427,000	-11.5%	1,934,897	-19.2%	2.57%	-17.3%
BWXT	Buy	BWX Technologies, Inc.	$109,585,819,000	+14.9%	1,956,191	+0.0%	2.49%	+7.4%
DNB	Buy	Dun & Bradstreet	$107,252,141,000	+8.6%	921,331	+0.9%	2.44%	+1.5%
CBS	Sell	CBS Corporation	$106,474,660,000	-10.2%	1,835,770	-1.3%	2.42%	-16.1%
AAPL	Sell	Apple Inc.	$105,954,878,000	-7.4%	687,482	-13.4%	2.41%	-13.4%
FLIR	Buy	FLIR Systems Inc.	$105,758,819,000	+12.3%	2,718,037	+0.1%	2.40%	+5.0%
LGFB	Buy	Lions Gate Entertainment Corp. Cl B	$95,580,163,000	+21.7%	3,006,611	+0.6%	2.17%	+13.8%
GM	Sell	General Motors Company	$93,073,991,000	+9.7%	2,304,952	-5.1%	2.12%	+2.5%
PFE	Sell	Pfizer Inc.	$92,525,218,000	+4.0%	2,591,742	-2.2%	2.10%	-2.8%
GLW	Sell	Corning Inc.	$91,499,728,000	-3.4%	3,058,146	-3.0%	2.08%	-9.7%
VVV	Buy	Valvoline Inc.	$90,905,355,000	+18.2%	3,876,561	+19.6%	2.07%	+10.5%
DIS	Buy	Walt Disney Company	$87,651,946,000	+2.3%	889,235	+10.2%	1.99%	-4.4%
CMP	Buy	Compass Minerals International, Inc.	$82,298,586,000	+10.7%	1,268,083	+11.3%	1.87%	+3.4%
FDC	Buy	First Data Corporation	$79,872,100,000	+115.0%	4,427,500	+116.9%	1.82%	+101.1%
HBI	New	Hanesbrands, Inc.	$78,067,407,000	–	3,168,320	–	1.78%	–
DISCA	Buy	Discovery Communications, Inc.	$77,036,374,000	-9.4%	3,618,430	+9.9%	1.75%	-15.3%
MRK	New	Merck & Co., Inc.	$61,192,446,000	–	955,684	–	1.39%	–
AXTA	Buy	Axalta Coating Systems Ltd	$60,192,121,000	+395.9%	2,081,332	+449.5%	1.37%	+363.7%
PDCO	Buy	Patterson Companies, Inc.	$60,031,566,000	-16.9%	1,553,210	+0.9%	1.36%	-22.3%
LGFA	Sell	Lions Gate Entertainment Corp. Cl A	$59,759,729,000	-25.5%	1,786,539	-37.2%	1.36%	-30.4%
GNRC	Buy	Generac Holdings Inc.	$56,704,718,000	+50.4%	1,234,590	+18.3%	1.29%	+40.6%
RF	Buy	Regions Financial Corp	$51,529,638,000	+8.9%	3,383,430	+4.7%	1.17%	+1.8%
CCC	Sell	Calgon Carbon Corp	$50,389,552,000	-21.6%	2,354,652	-44.7%	1.14%	-26.7%
DVN	Buy	Devon Energy Corporation	$49,178,245,000	+16.3%	1,339,641	+1.3%	1.12%	+8.8%
IMAX	New	IMAX Corporation	$47,267,582,000	–	2,086,869	–	1.08%	–
ECOM	Buy	ChannelAdvisor Corporation	$44,186,162,000	+1.2%	3,842,275	+1.7%	1.00%	-5.4%
GOLF	New	Acushnet Holdings Corp.	$43,208,605,000	–	2,432,917	–	0.98%	–
PKI	Sell	PerkinElmer, Inc.	$41,489,869,000	-52.1%	601,564	-52.7%	0.94%	-55.2%
LNN	Sell	Lindsay Corporation	$37,979,513,000	-38.0%	413,270	-39.8%	0.86%	-42.0%
CTLT	Sell	Catalent Inc.	$35,677,861,000	-39.0%	893,734	-46.4%	0.81%	-43.0%
DNOW	Buy	NOW Inc.	$30,453,853,000	-13.1%	2,205,203	+1.2%	0.69%	-18.8%
IWM	Buy	iShares Russell 2000 ETFetf	$8,245,630,000	+2906.9%	55,646	+2761.0%	0.19%	+2571.4%
SPY	Buy	Spdr Trust Series 1etf	$4,370,364,000	+8.7%	17,395	+4.7%	0.10%	+1.0%
CHTR	Sell	CHARTER COMMUNICATIONS CL A	$2,798,334,000	-50.3%	7,700	-53.9%	0.06%	-53.3%
MAAPRI	Sell	MID AMER APT CMNTYS IN PFD SER I 8.5 percentpreferred	$1,385,521,000	+3.5%	21,153	-0.0%	0.03%	-6.1%
WLKP	New	WESTLAKE CHEM PARTNERS COM UNIT RP LP	$1,256,626,000	–	55,358	–	0.03%	–
STZ	Buy	Constellation Brands Inc. - A	$1,216,645,000	+28.2%	6,100	+24.5%	0.03%	+21.7%
CAPL	New	CROSSAMERICA PARTNERS UT LTD PTN INT	$1,143,055,000	–	41,947	–	0.03%	–
GE	Buy	General Electric Com	$1,083,597,000	+112.6%	44,813	+137.5%	0.02%	+108.3%
CINR	Buy	Ciner Resources LP	$756,234,000	-3.8%	30,189	+5.2%	0.02%	-10.5%
WMT	Sell	Wal-Mart Stores, Inc.	$699,978,000	-99.1%	8,958	-99.2%	0.02%	-99.2%
HYG	Buy	iShares iBoxx percent High Yield Corporate Bdetf	$603,568,000	+16.7%	6,800	+16.2%	0.01%	+7.7%
JNJ	Buy	Johnson & Johnson	$558,002,000	+0.4%	4,292	+2.2%	0.01%	-7.1%
CBBPRB	Buy	Cincinnati Bell 6.75 percent Series Bpreferred	$529,095,000	+33.7%	10,500	+32.9%	0.01%	+20.0%
DISCK	Buy	Discovery Communications SER C	$537,903,000	+72.8%	26,550	+115.0%	0.01%	+50.0%
DWDP	New	DOWDUPONT INC COM	$510,294,000	–	7,371	–	0.01%	–
GOLD	New	Barrick Gold Corp	$418,340,000	–	26,000	–	0.01%	–
LBTYA	Buy	Liberty Global PLC-A	$427,266,000	+75.0%	12,600	+65.8%	0.01%	+66.7%
BKS	New	Barnes And Noble	$380,000,000	–	50,000	–	0.01%	–
TWX	Buy	Time Warner Inc. New	$369,044,000	+8.7%	3,602	+6.6%	0.01%	0.0%
SNI	Sell	Scripps Networks Inter - CL A	$352,149,000	-45.2%	4,100	-56.4%	0.01%	-50.0%
TERP	New	TERRAFORM PWR INC CL A COM	$343,720,000	–	26,000	–	0.01%	–
PG	Sell	Procter & Gamble Co	$315,138,000	-1.2%	3,463	-5.3%	0.01%	-12.5%
VIAB	New	VIACOM INC NEW CL B	$272,832,000	–	9,800	–	0.01%	–
POT	Sell	Potash Corp Sask Inc Com	$257,816,000	-5.0%	13,400	-19.5%	0.01%	-14.3%
AMC	New	AMC ENTMT HLDGS INC CL A COM	$220,500,000	–	15,000	–	0.01%	–
GEBCL	New	GENERAL ELEC CAP CORP NT 52preferred	$203,518,000	–	8,022	–	0.01%	–
CCMP	New	Cabot Microelectronics Com	$227,800,000	–	2,850	–	0.01%	–
TWTR	Sell	Twitter Inc.	$215,936,000	-88.8%	12,800	-88.1%	0.01%	-89.4%
GG	New	GOLDCORP INC NEW COM	$233,280,000	–	18,000	–	0.01%	–
RES	Exit	RPC Energy Services	$0	–	-12,500	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
GS	Exit	Goldman Sachs Group	$0	–	-1,200	–	-0.01%	–
DD	Exit	E I Dupont	$0	–	-5,962	–	-0.01%	–
CHUBA	Exit	COMMERCEHUB INC COM SER A	$0	–	-33,158	–	-0.01%	–
M	Exit	MACYS INC COM	$0	–	-60,000	–	-0.03%	–
IBM	Exit	International Business Machines Corp	$0	–	-45,424	–	-0.17%	–
HY	Exit	Hyster-Yale Materials Handling, Inc.	$0	–	-210,110	–	-0.36%	–
BAX	Exit	Baxter International	$0	–	-629,493	–	-0.93%	–
DLB	Exit	Dolby Laboratories, Inc.	$0	–	-956,976	–	-1.14%	–
WLK	Exit	Westlake Chemical Corporation	$0	–	-962,445	–	-1.55%	–

Q2 2017

			Value		Shares		↓ Weighting
FEYE	New	FireEye, Inc.	$267,856,648,000	–	17,610,562	–	6.51%	–
LYV	New	Live Nation Entertainment, Inc.	$180,316,792,000	–	5,174,083	–	4.38%	–
KN	New	Knowles Corporation	$165,932,917,000	–	9,806,910	–	4.04%	–
ENTG	New	Entegris, Inc.	$164,656,256,000	–	7,501,424	–	4.00%	–
URBN	New	Urban Outfitters, Inc.	$163,666,299,000	–	8,827,740	–	3.98%	–
BAC	New	Bank of America Corp	$162,609,782,000	–	6,702,794	–	3.95%	–
VSM	New	Versum Materials, Inc.	$144,099,735,000	–	4,433,838	–	3.50%	–
MOS	New	Mosaic Co.	$142,732,568,000	–	6,251,974	–	3.47%	–
USG	New	USG Corporation	$141,357,522,000	–	4,871,038	–	3.44%	–
DGI	New	DigitalGlobe Inc.	$133,662,403,000	–	4,013,886	–	3.25%	–
AMCX	New	AMC Networks Inc.	$127,864,020,000	–	2,394,009	–	3.11%	–
WPX	New	WPX Energy Inc.	$118,797,366,000	–	12,297,864	–	2.89%	–
CBS	New	CBS Corporation	$118,615,046,000	–	1,859,753	–	2.88%	–
AAPL	New	Apple Inc.	$114,366,797,000	–	794,103	–	2.78%	–
DNB	New	Dun & Bradstreet	$98,786,481,000	–	913,421	–	2.40%	–
BWXT	New	BWX Technologies, Inc.	$95,354,561,000	–	1,955,991	–	2.32%	–
GLW	New	Corning Inc.	$94,765,469,000	–	3,153,593	–	2.30%	–
FLIR	New	FLIR Systems Inc.	$94,156,454,000	–	2,716,574	–	2.29%	–
PFE	New	Pfizer Inc.	$88,985,903,000	–	2,649,178	–	2.16%	–
PKI	New	PerkinElmer, Inc.	$86,591,562,000	–	1,270,789	–	2.11%	–
DIS	New	Walt Disney Company	$85,708,069,000	–	806,664	–	2.08%	–
DISCA	New	Discovery Communications, Inc.	$85,007,898,000	–	3,291,053	–	2.07%	–
GM	New	General Motors Company	$84,864,653,000	–	2,429,563	–	2.06%	–
WMT	New	Wal-Mart Stores, Inc.	$80,352,029,000	–	1,061,734	–	1.95%	–
LGFA	New	Lions Gate Entertainment Corp. Cl A	$80,252,854,000	–	2,843,829	–	1.95%	–
LGFB	New	Lions Gate Entertainment Corp. Cl B	$78,532,550,000	–	2,988,301	–	1.91%	–
VVV	New	Valvoline Inc.	$76,914,305,000	–	3,242,593	–	1.87%	–
CMP	New	Compass Minerals International, Inc.	$74,376,569,000	–	1,138,998	–	1.81%	–
PDCO	New	Patterson Companies, Inc.	$72,275,299,000	–	1,539,410	–	1.76%	–
CCC	New	Calgon Carbon Corp	$64,286,453,000	–	4,257,381	–	1.56%	–
WLK	New	Westlake Chemical Corporation	$63,723,483,000	–	962,445	–	1.55%	–
LNN	New	Lindsay Corporation	$61,221,394,000	–	685,954	–	1.49%	–
CTLT	New	Catalent Inc.	$58,517,316,000	–	1,667,160	–	1.42%	–
CZR	New	Caesars Entertainment Corp.	$51,713,700,000	–	4,309,475	–	1.26%	–
RF	New	Regions Financial Corp	$47,307,696,000	–	3,231,400	–	1.15%	–
DLB	New	Dolby Laboratories, Inc.	$46,853,544,000	–	956,976	–	1.14%	–
ECOM	New	ChannelAdvisor Corporation	$43,652,936,000	–	3,779,475	–	1.06%	–
DVN	New	Devon Energy Corporation	$42,287,808,000	–	1,322,734	–	1.03%	–
BAX	New	Baxter International	$38,109,506,000	–	629,493	–	0.93%	–
GNRC	New	Generac Holdings Inc.	$37,695,585,000	–	1,043,332	–	0.92%	–
FDC	New	First Data Corporation	$37,153,480,000	–	2,041,400	–	0.90%	–
DNOW	New	NOW Inc.	$35,043,192,000	–	2,179,303	–	0.85%	–
HY	New	Hyster-Yale Materials Handling, Inc.	$14,760,227,000	–	210,110	–	0.36%	–
AXTA	New	Axalta Coating Systems Ltd	$12,136,752,000	–	378,800	–	0.30%	–
IBM	New	International Business Machines Corp	$6,987,630,000	–	45,424	–	0.17%	–
CHTR	New	CHARTER COMMUNICATIONS CL A	$5,625,395,000	–	16,700	–	0.14%	–
SPY	New	Spdr Trust Series 1etf	$4,018,770,000	–	16,620	–	0.10%	–
TWTR	New	Twitter Inc.	$1,926,386,000	–	107,800	–	0.05%	–
M	New	MACYS INC COM	$1,394,400,000	–	60,000	–	0.03%	–
MAAPRI	New	MID AMER APT CMNTYS IN PFD SER I 8.5preferred	$1,339,048,000	–	21,154	–	0.03%	–
STZ	New	Constellation Brands Inc. - A	$949,277,000	–	4,900	–	0.02%	–
CINR	New	Ciner Resources LP	$786,078,000	–	28,689	–	0.02%	–
SNI	New	Scripps Networks Inter - CL A	$642,114,000	–	9,400	–	0.02%	–
WFCPRX	New	WELLS FARGO & CO NEW PFD SER X CL Apreferred	$638,500,000	–	25,000	–	0.02%	–
JNJ	New	Johnson & Johnson	$555,618,000	–	4,200	–	0.01%	–
CHUBA	New	COMMERCEHUB INC COM SER A	$577,612,000	–	33,158	–	0.01%	–
HYG	New	iShares iBoxx $ High Yield Corporate Bdetf	$517,081,000	–	5,850	–	0.01%	–
DD	New	E I Dupont	$481,213,000	–	5,962	–	0.01%	–
GE	New	General Electric Com	$509,633,000	–	18,868	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$405,660,000	–	2,000	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75 Series Bpreferred	$395,639,000	–	7,900	–	0.01%	–
TMO	New	Thermo Fisher Scientific, Inc	$382,089,000	–	2,190	–	0.01%	–
DISCK	New	Discovery Communications SER C	$311,343,000	–	12,350	–	0.01%	–
TWX	New	Time Warner Inc. New	$339,356,000	–	3,379	–	0.01%	–
SNV	New	Synovus Financial Corporation	$315,962,000	–	7,142	–	0.01%	–
PG	New	Procter & Gamble Co	$318,830,000	–	3,658	–	0.01%	–
GSPRN	New	GOLDMAN SACHS GROUP IN DEP 1/1000 SER Npreferred	$274,300,000	–	10,000	–	0.01%	–
POT	New	Potash Corp Sask Inc Com	$271,395,000	–	16,650	–	0.01%	–
IWM	New	iShares Russell 2000 ETFetf	$274,220,000	–	1,945	–	0.01%	–
WFCPRJCL	New	Wells Fargo & Co New Dep Shs Ser Jpreferred	$272,055,000	–	10,500	–	0.01%	–
BACPRYCL	New	BANK AMER CORP DEP 1/1000 PFDpreferred	$269,200,000	–	10,000	–	0.01%	–
JPMPRFCL	New	JPMORGAN CHASE & CO DEP SHS 1/400preferred	$269,500,000	–	10,000	–	0.01%	–
KEX	New	Kirby Corp	$227,290,000	–	3,400	–	0.01%	–
TAP	New	Molson Coors Brewing Co Cl B	$263,337,000	–	3,050	–	0.01%	–
GS	New	Goldman Sachs Group	$266,280,000	–	1,200	–	0.01%	–
EFX	New	Equifax Inc.	$247,356,000	–	1,800	–	0.01%	–
RES	New	RPC Energy Services	$252,631,000	–	12,500	–	0.01%	–
CPRS	New	CITIGROUP INC DEP SHS PFD Spreferred	$267,000,000	–	10,000	–	0.01%	–
UZB	New	UNITED STATES CELLULAR SR NT 120163preferred	$264,000,000	–	10,000	–	0.01%	–
	New	Berkshire Hathaway Inc. Cl A	$254,700,000	–	100	–	0.01%	–
WFCPRV	New	WELLS FARGO & CO NEW DEP PFD V 1/1000preferred	$264,300,000	–	10,000	–	0.01%	–
BACPRA	New	BANK AMER CORP DEP SHS PFD EEpreferred	$267,000,000	–	10,000	–	0.01%	–
LBTYA	New	Liberty Global PLC-A	$244,112,000	–	7,600	–	0.01%	–
AMZN	New	Amazon.com, Inc.	$208,120,000	–	215	–	0.01%	–
BRKB	New	Berkshire Hathaway Inc. Cl B	$215,099,000	–	1,270	–	0.01%	–
RCL	New	Royal Carriben Cruis Com	$218,460,000	–	2,000	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
TWX	Exit	Time Warner Inc. New	$0	–	-2,775	–	-0.01%	–
EFX	Exit	Equifax Inc.	$0	–	-1,800	–	-0.01%	–
SNV	Exit	Synovus Financial Corporation	$0	–	-7,142	–	-0.01%	–
KEX	Exit	Kirby Corp	$0	–	-3,600	–	-0.01%	–
TWTR	Exit	Twitter Inc.	$0	–	-9,500	–	-0.01%	–
	Exit	Berkshire Hathaway Inc. Class A	$0	–	-100	–	-0.01%	–
KMI	Exit	Kinder Morgan Inc Del Com	$0	–	-10,143	–	-0.01%	–
TLN	Exit	Talen Energy Corporation	$0	–	-15,425	–	-0.01%	–
GS	Exit	Goldman Sachs Group	$0	–	-1,700	–	-0.01%	–
POT	Exit	Potash Corp Sask Inc Com	$0	–	-16,650	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,547	–	-0.01%	–
QQQ	Exit	Powershares QQQ Trust Series Ietf	$0	–	-2,405	–	-0.01%	–
WFCPRJCL	Exit	Wells Fargo & Co New Dep Shs Ser Jpreferred	$0	–	-10,500	–	-0.01%	–
MTN	Exit	Vail Resorts Inc Com	$0	–	-2,000	–	-0.01%	–
OLN	Exit	OLIN CORP COM PAR $1	$0	–	-16,500	–	-0.01%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,240	–	-0.01%	–
TAP	Exit	Molson Coors Brewing Co Cl B	$0	–	-3,050	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75% Series Bpreferred	$0	–	-8,400	–	-0.01%	–
DISCK	Exit	Discovery Communications SER C	$0	–	-15,050	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-3,600	–	-0.01%	–
DIS	Exit	Walt Disney Company	$0	–	-4,657	–	-0.01%	–
DD	Exit	E I Dupont	$0	–	-6,579	–	-0.01%	–
GE	Exit	General Electric Com	$0	–	-19,804	–	-0.02%	–
HYG	Exit	iShares iBoxx $ High Yield Corporate Bdetf	$0	–	-6,850	–	-0.02%	–
IWN	Exit	iShares Trust Russell 2000 Value Indexetf	$0	–	-6,120	–	-0.02%	–
CAPL	Exit	CROSSAMERICA PARTNERS UT LTD PTN INT	$0	–	-26,500	–	-0.02%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-4,900	–	-0.02%	–
CINR	Exit	Ciner Resources LP	$0	–	-28,839	–	-0.02%	–
PPSPRA	Exit	Post Properties 8.50%preferred	$0	–	-21,254	–	-0.04%	–
PANW	Exit	PALO ALTO NETWORKS INC COM	$0	–	-10,000	–	-0.04%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-21,392	–	-0.12%	–
SNI	Exit	Scripps Networks Inter - CL A	$0	–	-188,000	–	-0.32%	–
AAN	Exit	Aaron's, Inc.	$0	–	-548,170	–	-0.37%	–
DNOW	Exit	NOW Inc.	$0	–	-1,278,528	–	-0.73%	–
HY	Exit	Hyster-Yale Materials Handling, Inc.	$0	–	-532,391	–	-0.85%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-3,738,847	–	-1.28%	–
DGI	Exit	DigitalGlobe Inc	$0	–	-1,842,403	–	-1.35%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-411,338	–	-1.36%	–
HYH	Exit	Halyard Health, Inc.	$0	–	-1,552,183	–	-1.43%	–
CST	Exit	CST Brands, Inc.	$0	–	-1,122,291	–	-1.43%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,311,345	–	-1.54%	–
BAX	Exit	Baxter International	$0	–	-1,406,837	–	-1.78%	–
AMCX	Exit	AMC Networks Inc.	$0	–	-1,333,575	–	-1.84%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-960,353	–	-1.84%	–
DLB	Exit	Dolby Laboratories, Inc.	$0	–	-1,277,815	–	-1.84%	–
CCC	Exit	Calgon Carbon Corp	$0	–	-4,759,631	–	-1.92%	–
GM	Exit	General Motors	$0	–	-2,354,212	–	-1.99%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-2,949,550	–	-2.11%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-2,104,616	–	-2.15%	–
CBS	Exit	CBS Corporation	$0	–	-1,477,097	–	-2.15%	–
WFM	Exit	Whole Foods Market, Inc.	$0	–	-2,951,717	–	-2.22%	–
WLK	Exit	Westlake Chemical Corporation	$0	–	-1,596,937	–	-2.27%	–
AAPL	Exit	Apple Inc.	$0	–	-768,219	–	-2.31%	–
GLW	Exit	Corning Inc.	$0	–	-3,740,764	–	-2.35%	–
CCMP	Exit	Cabot Microelectronics Com	$0	–	-1,683,654	–	-2.37%	–
LNN	Exit	Lindsay Corporation	$0	–	-1,211,661	–	-2.38%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,331,623	–	-2.61%	–
FLIR	Exit	FLIR Systems Inc	$0	–	-3,426,274	–	-2.86%	–
PKI	Exit	PerkinElmer, Inc.	$0	–	-2,026,989	–	-3.02%	–
USG	Exit	USG Corporation	$0	–	-4,556,122	–	-3.13%	–
MOS	Exit	Mosaic Co.	$0	–	-4,979,951	–	-3.24%	–
LGF	Exit	Lions Gate Entertainment Corp.	$0	–	-6,116,671	–	-3.25%	–
KN	Exit	Knowles Corporation	$0	–	-10,769,381	–	-4.02%	–
WOOF	Exit	VCA Inc.	$0	–	-2,173,170	–	-4.04%	–
BAC	Exit	Bank of America Corp	$0	–	-10,398,096	–	-4.32%	–
WPX	Exit	WPX Energy Inc.	$0	–	-13,522,108	–	-4.74%	–
ENTG	Exit	Entegris, Inc.	$0	–	-10,994,580	–	-5.09%	–
FEYE	Exit	FireEye, Inc.	$0	–	-13,846,454	–	-5.42%	–
CAB	Exit	Cabela's Inc.	$0	–	-3,880,505	–	-5.66%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-8,107,974	–	-5.92%	–

Q3 2016

			Value		Shares		↓ Weighting
LYV	Sell	Live Nation Entertainment, Inc.	$222,807,125,000	+12.1%	8,107,974	-4.2%	5.92%	+7.3%
CAB	Sell	Cabela's Inc.	$213,156,139,000	+8.8%	3,880,505	-0.8%	5.66%	+4.2%
FEYE	Buy	FireEye, Inc.	$203,958,267,000	+35.6%	13,846,454	+51.7%	5.42%	+29.9%
ENTG	Sell	Entegris, Inc.	$191,525,583,000	+1.1%	10,994,580	-16.0%	5.09%	-3.2%
WPX	Sell	WPX Energy Inc.	$178,356,604,000	+20.9%	13,522,108	-14.7%	4.74%	+15.8%
BAC	Sell	Bank of America Corp	$162,730,202,000	+14.5%	10,398,096	-2.9%	4.32%	+9.7%
WOOF	Sell	VCA Inc.	$152,078,436,000	-2.5%	2,173,170	-5.8%	4.04%	-6.6%
KN	Sell	Knowles Corporation	$151,309,803,000	+2.3%	10,769,381	-0.4%	4.02%	-2.0%
LGF	Buy	Lions Gate Entertainment Corp.	$122,272,253,000	+7.5%	6,116,671	+8.8%	3.25%	+2.9%
MOS	Sell	Mosaic Co.	$121,809,621,000	-8.3%	4,979,951	-1.9%	3.24%	-12.2%
USG	Buy	USG Corporation	$117,775,753,000	+1.5%	4,556,122	+5.9%	3.13%	-2.8%
PKI	Sell	PerkinElmer, Inc.	$113,734,352,000	+5.1%	2,026,989	-1.8%	3.02%	+0.6%
FLIR	Buy	FLIR Systems Inc	$107,653,529,000	+48.6%	3,426,274	+46.4%	2.86%	+42.3%
CMP	Buy	Compass Minerals International, Inc.	$98,140,615,000	+4.9%	1,331,623	+5.6%	2.61%	+0.4%
LNN	Sell	Lindsay Corporation	$89,638,680,000	+7.4%	1,211,661	-1.5%	2.38%	+2.8%
CCMP	Sell	Cabot Microelectronics Com	$89,082,133,000	+13.2%	1,683,654	-9.4%	2.37%	+8.4%
GLW	Sell	Corning Inc.	$88,469,068,000	+11.5%	3,740,764	-3.5%	2.35%	+6.7%
AAPL	Sell	Apple Inc.	$86,847,270,000	+15.7%	768,219	-2.1%	2.31%	+10.8%
WLK	Buy	Westlake Chemical Corporation	$85,436,129,000	+61.3%	1,596,937	+29.4%	2.27%	+54.5%
WFM	Buy	Whole Foods Market, Inc.	$83,681,176,000	-1.8%	2,951,717	+10.9%	2.22%	-6.0%
CBS	Sell	CBS Corporation	$80,856,289,000	+0.4%	1,477,097	-0.2%	2.15%	-3.8%
BWXT	Sell	BWX Technologies, Inc.	$80,754,115,000	-2.2%	2,104,616	-8.9%	2.15%	-6.4%
DISCA	Buy	Discovery Communications, Inc.	$79,401,886,000	+12.1%	2,949,550	+5.1%	2.11%	+7.4%
GM	Buy	General Motors	$74,793,318,000	+14.4%	2,354,212	+1.9%	1.99%	+9.6%
CCC	Sell	Calgon Carbon Corp	$72,203,602,000	+14.8%	4,759,631	-0.5%	1.92%	+9.9%
DLB	Sell	Dolby Laboratories, Inc.	$69,372,576,000	-24.2%	1,277,815	-33.2%	1.84%	-27.4%
WMT	Sell	Wal-Mart Stores, Inc.	$69,260,658,000	-3.3%	960,353	-2.1%	1.84%	-7.4%
AMCX	New	AMC Networks Inc.	$69,159,199,000	–	1,333,575	–	1.84%	–
BAX	Sell	Baxter International	$66,965,441,000	-19.3%	1,406,837	-23.4%	1.78%	-22.7%
DVN	Sell	Devon Energy Corporation	$57,843,437,000	+16.2%	1,311,345	-4.5%	1.54%	+11.2%
CST	Sell	CST Brands, Inc.	$53,970,974,000	-40.9%	1,122,291	-47.1%	1.43%	-43.4%
HYH	Sell	Halyard Health, Inc.	$53,798,662,000	-50.6%	1,552,183	-53.7%	1.43%	-52.7%
IWM	Buy	iShares Russell 2000 ETFetf	$51,092,376,000	+24.3%	411,338	+15.1%	1.36%	+19.0%
DGI	Buy	DigitalGlobe Inc	$50,666,082,000	+28.9%	1,842,403	+0.2%	1.35%	+23.4%
ECOM	Buy	ChannelAdvisor Corporation	$48,343,291,000	-9.5%	3,738,847	+1.4%	1.28%	-13.4%
HY	Buy	Hyster-Yale Materials Handling, Inc.	$32,012,670,000	+4.7%	532,391	+3.6%	0.85%	+0.4%
DNOW	Sell	NOW Inc.	$27,398,855,000	+18.0%	1,278,528	-0.1%	0.73%	+12.9%
AAN	Sell	Aaron's, Inc.	$13,934,502,000	+6.3%	548,170	-8.5%	0.37%	+1.6%
SNI	Buy	Scripps Networks Inter - CL A	$11,936,120,000	+6.8%	188,000	+4.7%	0.32%	+2.3%
SPY	Buy	Spdr Trust Series 1etf	$4,627,090,000	+18.2%	21,392	+14.5%	0.12%	+12.8%
PANW	New	PALO ALTO NETWORKS INC COM	$1,593,300,000	–	10,000	–	0.04%	–
CINR	Sell	Ciner Resources LP	$897,758,000	+10.9%	28,839	-0.2%	0.02%	+9.1%
CAPL	Sell	CROSSAMERICA PARTNERS UT LTD PTN INT	$672,835,000	-41.0%	26,500	-43.0%	0.02%	-43.8%
GE	Sell	General Electric Com	$586,603,000	-7.3%	19,804	-1.5%	0.02%	-11.1%
DD	Buy	E I Dupont	$440,620,000	+3.4%	6,579	+0.0%	0.01%	0.0%
DISCK	Sell	Discovery Communications SER C	$395,965,000	+0.9%	15,050	-8.5%	0.01%	0.0%
DIS	Buy	Walt Disney Company	$432,450,000	-4.9%	4,657	+0.2%	0.01%	-15.4%
OLN	New	OLIN CORP COM PAR $1	$338,580,000	–	16,500	–	0.01%	–
PG	Sell	Procter & Gamble Co	$318,422,000	+0.4%	3,547	-5.3%	0.01%	-11.1%
POT	Sell	Potash Corp Sask Inc Com	$271,728,000	-30.1%	16,650	-30.5%	0.01%	-36.4%
KMI	New	Kinder Morgan Inc Del Com	$234,627,000	–	10,143	–	0.01%	–
TLN	Sell	Talen Energy Corporation	$213,636,000	-98.9%	15,425	-98.9%	0.01%	-98.9%
TWX	Buy	Time Warner Inc. New	$220,921,000	+8.3%	2,775	+0.1%	0.01%	0.0%
TWTR	Sell	Twitter Inc.	$218,975,000	-78.2%	9,500	-84.0%	0.01%	-78.6%
GOLD	Exit	Barrick Gold Corp	$0	–	-10,000	–	-0.01%	–
	Exit	CHARTER COMMUNCTNS DEL CL A NEW	$0	–	-1,873	–	-0.01%	–
VIAB	Exit	VIACOM INC NEW CL B	$0	–	-10,000	–	-0.01%	–
VIA	Exit	VIACOM INC NEW CL A	$0	–	-21,500	–	-0.03%	–
AA	Exit	Alcoa Inc	$0	–	-145,500	–	-0.04%	–
AXLL	Exit	Axiall Corporation	$0	–	-2,248,104	–	-2.04%	–

Q2 2016

			Value		Shares		↓ Weighting
LYV	New	Live Nation Entertainment, Inc.	$198,793,761,000	–	8,459,309	–	5.52%	–
CAB	New	Cabela's Inc.	$195,881,826,000	–	3,912,941	–	5.44%	–
ENTG	New	Entegris, Inc.	$189,369,338,000	–	13,087,031	–	5.26%	–
WOOF	New	VCA Inc.	$155,963,153,000	–	2,306,806	–	4.33%	–
FEYE	New	FireEye, Inc.	$150,361,218,000	–	9,129,400	–	4.17%	–
KN	New	Knowles Corporation	$147,844,356,000	–	10,807,336	–	4.10%	–
WPX	New	WPX Energy Inc.	$147,550,922,000	–	15,848,649	–	4.10%	–
BAC	New	Bank of America Corp	$142,071,128,000	–	10,706,189	–	3.94%	–
MOS	New	Mosaic Co.	$132,853,213,000	–	5,074,607	–	3.69%	–
USG	New	USG Corporation	$116,041,986,000	–	4,304,228	–	3.22%	–
LGF	New	Lions Gate Entertainment Corp.	$113,755,313,000	–	5,623,100	–	3.16%	–
HYH	New	Halyard Health, Inc.	$109,010,584,000	–	3,352,109	–	3.03%	–
PKI	New	PerkinElmer, Inc.	$108,225,283,000	–	2,064,580	–	3.00%	–
CMP	New	Compass Minerals International, Inc.	$93,584,972,000	–	1,261,423	–	2.60%	–
DLB	New	Dolby Laboratories, Inc.	$91,487,525,000	–	1,911,965	–	2.54%	–
CST	New	CST Brands, Inc.	$91,333,864,000	–	2,120,099	–	2.54%	–
WFM	New	Whole Foods Market, Inc.	$85,199,520,000	–	2,660,822	–	2.36%	–
LNN	New	Lindsay Corporation	$83,448,188,000	–	1,229,711	–	2.32%	–
BAX	New	Baxter International	$83,023,920,000	–	1,836,000	–	2.30%	–
BWXT	New	BWX Technologies, Inc.	$82,600,656,000	–	2,309,216	–	2.29%	–
CBS	New	CBS Corporation	$80,540,495,000	–	1,479,436	–	2.24%	–
GLW	New	Corning Inc.	$79,356,948,000	–	3,874,851	–	2.20%	–
CCMP	New	Cabot Microelectronics Com	$78,670,006,000	–	1,858,054	–	2.18%	–
AAPL	New	Apple Inc.	$75,051,066,000	–	785,052	–	2.08%	–
AXLL	New	Axiall Corporation	$73,310,688,000	–	2,248,104	–	2.04%	–
FLIR	New	FLIR Systems Inc	$72,433,739,000	–	2,340,347	–	2.01%	–
WMT	New	Wal-Mart Stores, Inc.	$71,616,993,000	–	980,786	–	1.99%	–
DISCA	New	Discovery Communications, Inc.	$70,809,306,000	–	2,806,552	–	1.96%	–
GM	New	General Motors	$65,350,869,000	–	2,309,217	–	1.81%	–
CCC	New	Calgon Carbon Corp	$62,915,267,000	–	4,784,431	–	1.75%	–
ECOM	New	ChannelAdvisor Corporation	$53,413,298,000	–	3,686,218	–	1.48%	–
WLK	New	Westlake Chemical Corporation	$52,956,026,000	–	1,233,831	–	1.47%	–
DVN	New	Devon Energy Corporation	$49,793,734,000	–	1,373,620	–	1.38%	–
IWM	New	iShares Russell 2000 ETFetf	$41,104,711,000	–	357,525	–	1.14%	–
DGI	New	DigitalGlobe Inc	$39,319,162,000	–	1,838,203	–	1.09%	–
HY	New	Hyster-Yale Materials Handling, Inc.	$30,565,486,000	–	513,792	–	0.85%	–
DNOW	New	NOW Inc.	$23,225,149,000	–	1,280,328	–	0.64%	–
TLN	New	Talen Energy Corporation	$19,754,599,000	–	1,457,904	–	0.55%	–
AAN	New	Aaron's, Inc.	$13,108,180,000	–	598,820	–	0.36%	–
SNI	New	Scripps Networks Inter - CL A	$11,177,465,000	–	179,500	–	0.31%	–
SPY	New	Spdr Trust Series 1etf	$3,915,267,000	–	18,690	–	0.11%	–
PPSPRA	New	Post Properties 8.50%preferred	$1,424,018,000	–	21,254	–	0.04%	–
AA	New	Alcoa Inc	$1,348,785,000	–	145,500	–	0.04%	–
CAPL	New	CROSSAMERICA PARTNERS UT LTD PTN INT	$1,140,180,000	–	46,500	–	0.03%	–
VIA	New	VIACOM INC NEW CL A	$998,030,000	–	21,500	–	0.03%	–
TWTR	New	Twitter Inc.	$1,005,739,000	–	59,476	–	0.03%	–
STZ	New	Constellation Brands Inc. - A	$810,460,000	–	4,900	–	0.02%	–
CINR	New	Ciner Resources LP	$809,469,000	–	28,889	–	0.02%	–
GE	New	General Electric Com	$633,067,000	–	20,110	–	0.02%	–
IWN	New	iShares Trust Russell 2000 Value Indexetf	$595,473,000	–	6,120	–	0.02%	–
HYG	New	iShares iBoxx $ High Yield Corporate Bdetf	$580,195,000	–	6,850	–	0.02%	–
DIS	New	Walt Disney Company	$454,935,000	–	4,650	–	0.01%	–
DD	New	E I Dupont	$426,145,000	–	6,576	–	0.01%	–
	New	CHARTER COMMUNCTNS DEL CL A NEW	$428,242,000	–	1,873	–	0.01%	–
VIAB	New	VIACOM INC NEW CL B	$414,700,000	–	10,000	–	0.01%	–
JNJ	New	Johnson & Johnson	$436,680,000	–	3,600	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75% Series Bpreferred	$416,136,000	–	8,400	–	0.01%	–
DISCK	New	Discovery Communications, Inc. SER C	$392,332,000	–	16,450	–	0.01%	–
POT	New	Potash Corp Sask Inc Com	$388,948,000	–	23,950	–	0.01%	–
TMO	New	Thermo Fisher Scientific, Inc	$330,982,000	–	2,240	–	0.01%	–
TAP	New	Molson Coors Brewing Co Cl B	$308,446,000	–	3,050	–	0.01%	–
PG	New	Procter & Gamble Co	$317,042,000	–	3,744	–	0.01%	–
MTN	New	Vail Resorts Inc Com	$276,460,000	–	2,000	–	0.01%	–
WFCPRJCL	New	Wells Fargo & Co New Dep Shs Ser Jpreferred	$291,585,000	–	10,500	–	0.01%	–
GS	New	Goldman Sachs Group	$252,586,000	–	1,700	–	0.01%	–
QQQ	New	Powershares QQQ Trust Series Ietf	$258,664,000	–	2,405	–	0.01%	–
	New	Berkshire Hathaway Inc. Class A	$216,975,000	–	100	–	0.01%	–
EFX	New	Equifax Inc.	$231,120,000	–	1,800	–	0.01%	–
KEX	New	Kirby Corp	$224,604,000	–	3,600	–	0.01%	–
SNV	New	Synovus Financial Corporation	$207,046,000	–	7,142	–	0.01%	–
TWX	New	Time Warner Inc. New	$203,929,000	–	2,773	–	0.01%	–
GOLD	New	Barrick Gold Corp	$213,500,000	–	10,000	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
SNV	Exit	Synovus Financial Corporation	$0	–	-7,142	–	-0.01%	–
MTN	Exit	VAIL RESORTS INC COM	$0	–	-2,000	–	-0.01%	–
KEX	Exit	Kirby Corp	$0	–	-3,600	–	-0.01%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-3,800	–	-0.01%	–
AAPL	Exit	Apple Computers	$0	–	-2,149	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,383	–	-0.01%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,240	–	-0.01%	–
WFCPRJCL	Exit	WELLS FARGO & CO NEW DEP SHS SER Jpreferred	$0	–	-10,500	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-3,600	–	-0.01%	–
QQQ	Exit	Powershares QQQ Trust Series Ietf	$0	–	-3,403	–	-0.01%	–
DD	Exit	E I Dupont	$0	–	-6,842	–	-0.01%	–
BAC	Exit	Bank Of America Corp	$0	–	-23,650	–	-0.01%	–
TAP	Exit	Molson Coors Brewing Co Cl B	$0	–	-4,700	–	-0.01%	–
TWX	Exit	Time Warner Inc. New	$0	–	-5,766	–	-0.01%	–
SNI	Exit	Scripps Networks Inter - CL A	$0	–	-8,400	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75% Series Bpreferred	$0	–	-8,400	–	-0.01%	–
DISCK	Exit	Discovery Communications, Inc. SER C	$0	–	-18,050	–	-0.01%	–
DIS	Exit	Walt Disney Company	$0	–	-4,646	–	-0.01%	–
HYG	Exit	iShares iBoxx $ High Yield Corporate Bdetf	$0	–	-6,850	–	-0.02%	–
OCIR	Exit	OCI Resources LP	$0	–	-30,891	–	-0.02%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-5,150	–	-0.02%	–
APC	Exit	Anadarko Pete	$0	–	-11,500	–	-0.02%	–
PEBPRACL	Exit	Pebblebrook Hotel Trust Series Apreferred	$0	–	-28,095	–	-0.02%	–
BWP	Exit	BOARDWALK PIPELIN PTNR UT LTD PARTNER	$0	–	-87,200	–	-0.03%	–
PPSPRA	Exit	Post Properties 8.50%preferred	$0	–	-21,901	–	-0.04%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-34,697	–	-0.20%	–
CKP	Exit	Checkpoint Systems Inc.	$0	–	-1,277,298	–	-0.28%	–
BK	Exit	Bank of New York Mellon Corp.	$0	–	-374,807	–	-0.44%	–
HY	Exit	Hyster-Yale Materials Handling, Inc.	$0	–	-267,815	–	-0.46%	–
CST	Exit	CST Brands, Inc.	$0	–	-498,781	–	-0.50%	–
WLK	Exit	Westlake Chemical Corporation	$0	–	-384,100	–	-0.60%	–
CIT	Exit	CIT Group Inc.	$0	–	-640,496	–	-0.77%	–
DE	Exit	Deere & Company	$0	–	-354,811	–	-0.79%	–
TMST	Exit	TimkenSteel Corporation	$0	–	-3,235,463	–	-0.98%	–
DLB	Exit	Dolby Laboratories, Inc.	$0	–	-1,004,802	–	-0.98%	–
ECOM	Exit	ChannelAdvisor Corporation	$0	–	-3,496,037	–	-1.04%	–
DNOW	Exit	NOW Inc.	$0	–	-2,432,777	–	-1.08%	–
MTW	Exit	Manitowoc Company, Inc. (The)	$0	–	-2,422,746	–	-1.09%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,291,155	–	-1.44%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,210,945	–	-1.61%	–
CCMP	Exit	Cabot Microelectronics Com	$0	–	-1,816,054	–	-2.11%	–
TLN	Exit	Talen Energy Corporation	$0	–	-6,970,721	–	-2.11%	–
CBS	Exit	CBS Corporation	$0	–	-1,770,428	–	-2.12%	–
BAX	Exit	Baxter International	$0	–	-2,233,877	–	-2.20%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-2,820,053	–	-2.20%	–
CCC	Exit	Calgon Carbon Corp	$0	–	-4,740,334	–	-2.21%	–
GM	Exit	General Motors	$0	–	-2,530,915	–	-2.28%	–
GLW	Exit	Corning Inc.	$0	–	-4,529,952	–	-2.32%	–
BWXT	Exit	BWX Technologies, Inc.	$0	–	-3,027,566	–	-2.39%	–
LNN	Exit	Lindsay Corporation	$0	–	-1,192,980	–	-2.42%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,056,770	–	-2.48%	–
HYH	Exit	Halyard Health, Inc.	$0	–	-3,106,266	–	-2.65%	–
AXLL	Exit	Axiall Corporation	$0	–	-6,060,325	–	-2.85%	–
PFE	Exit	Pfizer Inc.	$0	–	-3,048,990	–	-2.87%	–
AAN	Exit	Aaron's, Inc.	$0	–	-2,717,791	–	-2.94%	–
WPX	Exit	WPX Energy Inc.	$0	–	-15,313,417	–	-3.04%	–
GE	Exit	General Electric Com	$0	–	-4,198,520	–	-3.17%	–
USG	Exit	USG Corporation	$0	–	-4,178,047	–	-3.33%	–
CAB	Exit	Cabela's Inc.	$0	–	-2,533,575	–	-3.46%	–
MOS	Exit	Mosaic Co.	$0	–	-4,100,722	–	-3.82%	–
WOOF	Exit	VCA Inc.	$0	–	-2,458,318	–	-3.88%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-5,846,632	–	-4.21%	–
PKI	Exit	PerkinElmer, Inc.	$0	–	-3,127,480	–	-4.31%	–
CVC	Exit	Cablevision Systems Corporation	$0	–	-4,898,165	–	-4.77%	–
KN	Exit	Knowles Corporation	$0	–	-10,059,336	–	-5.56%	–
ADT	Exit	ADT Corporation	$0	–	-6,438,823	–	-5.77%	–
ENTG	Exit	Entegris, Inc.	$0	–	-14,993,302	–	-5.93%	–

Q3 2015

			Value		Shares		↓ Weighting
ENTG	Sell	Entegris, Inc.	$197,761,653,000	-13.6%	14,993,302	-4.6%	5.93%	+6.3%
ADT	Sell	ADT Corporation	$192,520,833,000	-11.9%	6,438,823	-1.1%	5.77%	+8.4%
KN	Buy	Knowles Corporation	$185,393,562,000	+3.3%	10,059,336	+1.4%	5.56%	+27.1%
CVC	Sell	Cablevision Systems Corporation	$159,043,434,000	-37.9%	4,898,165	-54.2%	4.77%	-23.6%
PKI	Sell	PerkinElmer, Inc.	$143,738,980,000	-32.5%	3,127,480	-22.7%	4.31%	-16.9%
LYV	Sell	Live Nation Entertainment, Inc.	$140,553,033,000	-13.8%	5,846,632	-1.4%	4.21%	+6.0%
WOOF	Sell	VCA Inc.	$129,430,442,000	-23.6%	2,458,318	-21.0%	3.88%	-6.0%
MOS	Buy	Mosaic Co.	$127,573,472,000	-21.9%	4,100,722	+17.7%	3.82%	-3.9%
CAB	Buy	Cabela's Inc.	$115,531,020,000	-3.0%	2,533,575	+6.3%	3.46%	+19.3%
USG	Sell	USG Corporation	$111,219,611,000	-40.4%	4,178,047	-37.8%	3.33%	-26.7%
GE	Sell	General Electric Com	$105,886,696,000	-7.0%	4,198,520	-2.0%	3.17%	+14.4%
WPX	Buy	WPX Energy Inc.	$101,374,820,000	-41.3%	15,313,417	+8.9%	3.04%	-27.8%
AAN	Sell	Aaron's, Inc.	$98,139,457,000	-46.3%	2,717,791	-46.2%	2.94%	-34.0%
PFE	Sell	Pfizer Inc.	$95,768,779,000	-8.1%	3,048,990	-1.9%	2.87%	+13.0%
AXLL	Buy	Axiall Corporation	$95,086,510,000	-55.5%	6,060,325	+2.2%	2.85%	-45.3%
HYH	New	Halyard Health, Inc.	$88,342,205,000	–	3,106,266	–	2.65%	–
CMP	Sell	Compass Minerals International, Inc.	$82,819,064,000	-5.7%	1,056,770	-1.2%	2.48%	+15.9%
LNN	Sell	Lindsay Corporation	$80,872,114,000	-35.4%	1,192,980	-16.2%	2.42%	-20.5%
BWXT	New	BWX Technologies, Inc.	$79,806,639,000	–	3,027,566	–	2.39%	–
GLW	Buy	Corning Inc.	$77,552,780,000	+15.0%	4,529,952	+32.5%	2.32%	+41.4%
GM	Sell	General Motors	$75,978,095,000	-11.0%	2,530,915	-1.2%	2.28%	+9.5%
CCC	Sell	Calgon Carbon Corp	$73,854,403,000	-20.5%	4,740,334	-1.1%	2.21%	-2.2%
DISCA	Buy	Discovery Communications, Inc.	$73,405,979,000	+20.0%	2,820,053	+53.3%	2.20%	+47.6%
BAX	New	Baxter International	$73,382,859,000	–	2,233,877	–	2.20%	–
CBS	Buy	CBS Corporation	$70,640,077,000	-16.6%	1,770,428	+16.0%	2.12%	+2.6%
TLN	Buy	Talen Energy Corporation	$70,404,282,000	+26.6%	6,970,721	+115.1%	2.11%	+55.7%
CCMP	Sell	Cabot Microelectronics Com	$70,353,931,000	-18.8%	1,816,054	-1.3%	2.11%	-0.2%
MSFT	Sell	Microsoft Corp	$53,596,451,000	-0.1%	1,210,945	-0.3%	1.61%	+22.9%
DVN	Buy	Devon Energy Corporation	$47,888,945,000	-15.2%	1,291,155	+36.0%	1.44%	+4.3%
MTW	Buy	Manitowoc Company, Inc. (The)	$36,341,190,000	+16.0%	2,422,746	+51.5%	1.09%	+42.7%
DNOW	Buy	NOW Inc.	$36,005,099,000	-18.7%	2,432,777	+9.4%	1.08%	0.0%
ECOM	Buy	ChannelAdvisor Corporation	$34,750,607,000	-12.7%	3,496,037	+5.0%	1.04%	+7.3%
DLB	Buy	Dolby Laboratories, Inc.	$32,756,545,000	+14.2%	1,004,802	+39.1%	0.98%	+40.5%
TMST	Buy	TimkenSteel Corporation	$32,742,885,000	-59.4%	3,235,463	+8.2%	0.98%	-50.1%
DE	Sell	Deere & Company	$26,256,054,000	-73.2%	354,811	-64.8%	0.79%	-67.0%
CIT	Sell	CIT Group Inc.	$25,639,054,000	-74.8%	640,496	-70.7%	0.77%	-69.0%
WLK	Buy	Westlake Chemical Corporation	$19,930,949,000	+8202.3%	384,100	+10874.3%	0.60%	+9850.0%
CST	Sell	CST Brands, Inc.	$16,788,968,000	-14.2%	498,781	-0.4%	0.50%	+5.5%
HY	Buy	Hyster-Yale Materials Handling, Inc.	$15,487,741,000	+7.2%	267,815	+28.4%	0.46%	+31.8%
BK	Sell	Bank of New York Mellon Corp.	$14,673,694,000	-58.1%	374,807	-55.1%	0.44%	-48.4%
CKP	Sell	Checkpoint Systems Inc.	$9,260,410,000	-71.2%	1,277,298	-59.5%	0.28%	-64.5%
SPY	Buy	Spdr Trust Series 1etf	$6,649,012,000	+57.9%	34,697	+69.7%	0.20%	+93.2%
APC	New	Anadarko Pete	$694,485,000	–	11,500	–	0.02%	–
OCIR	Buy	OCI Resources LP	$605,772,000	-10.7%	30,891	+11.6%	0.02%	+5.9%
DIS	Buy	Walt Disney Company	$474,843,000	-6.4%	4,646	+4.6%	0.01%	+16.7%
DISCK	New	Discovery Communications, Inc. SER C	$438,434,000	–	18,050	–	0.01%	–
SNI	Buy	Scripps Networks Inter - CL A	$413,196,000	+17.1%	8,400	+55.6%	0.01%	+33.3%
TAP	Sell	Molson Coors Brewing Co Cl B	$390,194,000	-3.6%	4,700	-19.0%	0.01%	+20.0%
TWX	Buy	Time Warner Inc. New	$396,476,000	+91.8%	5,766	+143.8%	0.01%	+140.0%
DD	Buy	E I Dupont	$329,787,000	-24.6%	6,842	+0.1%	0.01%	-9.1%
QQQ	Buy	Powershares QQQ Trust Series Ietf	$346,346,000	+29.2%	3,403	+36.0%	0.01%	+42.9%
KEX	New	Kirby Corp	$223,020,000	–	3,600	–	0.01%	–
WMT	New	Wal-Mart Stores, Inc.	$246,392,000	–	3,800	–	0.01%	–
PG	Buy	Procter & Gamble Co	$243,407,000	-7.9%	3,383	+0.1%	0.01%	+16.7%
AAPL	Buy	Apple Computers	$237,144,000	+6.8%	2,149	+21.5%	0.01%	+40.0%
	Exit	Berkshire Hathaway Inc. Class A	$0	–	-100	–	-0.01%	–
POT	Exit	Potash Corp Sask Inc Com	$0	–	-12,000	–	-0.01%	–
CHK	Exit	Chesapeake Energy Corporation Ok	$0	–	-85,500	–	-0.02%	–
EBAY	Exit	Ebay Inc	$0	–	-16,600	–	-0.02%	–
IWN	Exit	iShares Trust Russell 2000 Value Indexetf	$0	–	-34,920	–	-0.09%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-131,310	–	-0.40%	–

Q2 2015

			Value		Shares		↓ Weighting
CVC	New	Cablevision Systems Corporation	$255,946,703,000	–	10,691,173	–	6.24%	–
ENTG	New	Entegris, Inc.	$228,886,030,000	–	15,709,405	–	5.58%	–
ADT	New	ADT Corporation	$218,540,348,000	–	6,509,989	–	5.32%	–
AXLL	New	Axiall Corporation	$213,776,043,000	–	5,929,987	–	5.21%	–
PKI	New	PerkinElmer, Inc.	$212,849,103,000	–	4,043,486	–	5.19%	–
USG	New	USG Corporation	$186,695,359,000	–	6,718,077	–	4.55%	–
AAN	New	Aaron's, Inc.	$182,815,544,000	–	5,048,758	–	4.45%	–
KN	New	Knowles Corporation	$179,472,034,000	–	9,915,582	–	4.37%	–
WPX	New	WPX Energy Inc.	$172,655,866,000	–	14,059,924	–	4.21%	–
WOOF	New	VCA Inc.	$169,390,729,000	–	3,113,514	–	4.13%	–
MOS	New	Mosaic Co.	$163,289,215,000	–	3,485,362	–	3.98%	–
LYV	New	Live Nation Entertainment, Inc.	$163,024,716,000	–	5,930,328	–	3.97%	–
LNN	New	Lindsay Corporation	$125,138,126,000	–	1,423,480	–	3.05%	–
CAB	New	Cabela's Inc.	$119,163,565,000	–	2,384,225	–	2.90%	–
GE	New	General Electric Com	$113,858,996,000	–	4,285,246	–	2.77%	–
PFE	New	Pfizer Inc.	$104,246,559,000	–	3,109,053	–	2.54%	–
CIT	New	CIT Group Inc.	$101,754,708,000	–	2,188,744	–	2.48%	–
DE	New	Deere & Company	$97,822,250,000	–	1,007,957	–	2.38%	–
CCC	New	Calgon Carbon Corp	$92,844,347,000	–	4,790,730	–	2.26%	–
CMP	New	Compass Minerals International, Inc.	$87,853,740,000	–	1,069,561	–	2.14%	–
CCMP	New	Cabot Microelectronics Com	$86,681,881,000	–	1,839,989	–	2.11%	–
GM	New	General Motors	$85,350,994,000	–	2,560,785	–	2.08%	–
CBS	New	CBS Corporation	$84,719,862,000	–	1,526,484	–	2.06%	–
TMST	New	TimkenSteel Corporation	$80,723,554,000	–	2,990,869	–	1.97%	–
GLW	New	Corning Inc.	$67,454,147,000	–	3,418,862	–	1.64%	–
DISCA	New	Discovery Communications, Inc.	$61,191,515,000	–	1,839,793	–	1.49%	–
DVN	New	Devon Energy Corporation	$56,471,414,000	–	949,258	–	1.38%	–
TLN	New	Talen Energy Corporation	$55,601,214,000	–	3,240,164	–	1.36%	–
MSFT	New	Microsoft Corp	$53,629,117,000	–	1,214,702	–	1.31%	–
DNOW	New	NOW Inc.	$44,264,449,000	–	2,223,227	–	1.08%	–
ECOM	New	ChannelAdvisor Corporation	$39,804,099,000	–	3,330,887	–	0.97%	–
BK	New	Bank of New York Mellon Corp.	$35,023,629,000	–	834,492	–	0.85%	–
CKP	New	Checkpoint Systems Inc.	$32,111,496,000	–	3,154,371	–	0.78%	–
MTW	New	Manitowoc Company, Inc. (The)	$31,334,441,000	–	1,598,696	–	0.76%	–
DLB	New	Dolby Laboratories, Inc.	$28,673,125,000	–	722,609	–	0.70%	–
CST	New	CST Brands, Inc.	$19,558,552,000	–	500,731	–	0.48%	–
IWM	New	iShares Russell 2000 ETFetf	$16,395,387,000	–	131,310	–	0.40%	–
HY	New	Hyster-Yale Materials Handling, Inc.	$14,446,334,000	–	208,521	–	0.35%	–
SPY	New	Spdr Trust Series 1etf	$4,209,945,000	–	20,451	–	0.10%	–
IWN	New	iShares Trust Russell 2000 Value Indexetf	$3,560,464,000	–	34,920	–	0.09%	–
PPSPRA	New	Post Properties 8.50%preferred	$1,423,565,000	–	21,901	–	0.04%	–
BWP	New	BOARDWALK PIPELIN PTNR UT LTD PARTNER	$1,266,144,000	–	87,200	–	0.03%	–
EBAY	New	Ebay Inc	$999,984,000	–	16,600	–	0.02%	–
CHK	New	Chesapeake Energy Corporation Ok	$955,035,000	–	85,500	–	0.02%	–
PEBPRACL	New	Pebblebrook Hotel Trust Series Apreferred	$719,512,000	–	28,095	–	0.02%	–
OCIR	New	OCI Resources LP	$678,429,000	–	27,691	–	0.02%	–
STZ	New	Constellation Brands Inc. - A	$597,503,000	–	5,150	–	0.02%	–
HYG	New	iShares iBoxx $ High Yield Corporate Bdetf	$608,280,000	–	6,850	–	0.02%	–
DIS	New	Walt Disney Company	$507,085,000	–	4,442	–	0.01%	–
DD	New	E I Dupont	$437,283,000	–	6,837	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75% Series Bpreferred	$411,852,000	–	8,400	–	0.01%	–
TAP	New	Molson Coors Brewing Co Cl B	$404,898,000	–	5,800	–	0.01%	–
BAC	New	Bank Of America Corp	$402,523,000	–	23,650	–	0.01%	–
SNI	New	Scripps Networks Inter - CL A	$352,998,000	–	5,400	–	0.01%	–
POT	New	Potash Corp Sask Inc Com	$371,640,000	–	12,000	–	0.01%	–
JNJ	New	Johnson & Johnson	$350,856,000	–	3,600	–	0.01%	–
QQQ	New	Powershares QQQ Trust Series Ietf	$267,983,000	–	2,502	–	0.01%	–
TMO	New	Thermo Fisher Scientific, Inc	$290,662,000	–	2,240	–	0.01%	–
WFCPRJCL	New	WELLS FARGO & CO NEW DEP SHS SER Jpreferred	$296,100,000	–	10,500	–	0.01%	–
WLK	New	WESTLAKE CHEM CORP COM	$240,065,000	–	3,500	–	0.01%	–
PG	New	Procter & Gamble Co	$264,427,000	–	3,379	–	0.01%	–
AAPL	New	Apple Computers	$222,002,000	–	1,769	–	0.01%	–
TWX	New	Time Warner Inc. New	$206,735,000	–	2,365	–	0.01%	–
	New	Berkshire Hathaway Inc. Class A	$204,850,000	–	100	–	0.01%	–
MTN	New	VAIL RESORTS INC COM	$218,400,000	–	2,000	–	0.01%	–
SNV	New	Synovus Financial Corporation	$220,116,000	–	7,142	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	Berkshire Hathaway Inc. Class A	$0	–	-100	–	-0.01%	–
RES	Exit	RPC Energy Services	$0	–	-10,200	–	-0.01%	–
SNI	Exit	Scripps Networks Inter - CL A	$0	–	-3,100	–	-0.01%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-2,240	–	-0.01%	–
WFCPRJCL	Exit	WELLS FARGO & CO NEW DEP SHS SER Jpreferred	$0	–	-10,500	–	-0.01%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,493	–	-0.01%	–
BAC	Exit	Bank Of America Corp	$0	–	-20,500	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-3,600	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75% Series Bpreferred	$0	–	-8,400	–	-0.01%	–
OCIR	Exit	OCI Resources LP	$0	–	-17,913	–	-0.01%	–
POT	Exit	POTASH CORP SASK INC COM	$0	–	-13,000	–	-0.01%	–
DIS	Exit	Walt Disney Company	$0	–	-5,450	–	-0.01%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-6,225	–	-0.01%	–
DD	Exit	E I Dupont	$0	–	-7,328	–	-0.01%	–
HYG	Exit	iShares iBoxx $ High Yield Corporate Bdetf	$0	–	-6,850	–	-0.02%	–
HL	Exit	Hecla Mining	$0	–	-300,000	–	-0.02%	–
PEBPRACL	Exit	Pebblebrook Hotel Trust Series Apreferred	$0	–	-29,595	–	-0.02%	–
PPSPRA	Exit	Post Properties 8.50%preferred	$0	–	-22,907	–	-0.04%	–
GG	Exit	GOLDCORP INC NEW COM	$0	–	-65,000	–	-0.04%	–
NEM	Exit	Newmont Mining	$0	–	-70,000	–	-0.04%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-23,440	–	-0.12%	–
GTI	Exit	GrafTech International Ltd.	$0	–	-1,601,127	–	-0.19%	–
IWN	Exit	Ishares Trust Russell 2000 Value Indexetf	$0	–	-90,620	–	-0.22%	–
VEC	Exit	Vectrus, Inc.	$0	–	-446,690	–	-0.23%	–
IWM	Exit	Ishares Russell 2000 ETFetf	$0	–	-200,175	–	-0.57%	–
PAG	Exit	Penske Automotive Group, Inc.	$0	–	-548,902	–	-0.58%	–
CCMP	Exit	Cabot Microelectronics Com	$0	–	-917,076	–	-0.99%	–
DVN	Exit	Devon Energy Corporation	$0	–	-580,966	–	-1.04%	–
TMST	Exit	TimkenSteel Corporation	$0	–	-959,205	–	-1.17%	–
CKP	Exit	Checkpoint Systems Inc	$0	–	-4,772,083	–	-1.53%	–
BK	Exit	Bank of New York Mellon Corp.	$0	–	-1,781,900	–	-1.80%	–
GLW	Exit	Corning Inc.	$0	–	-3,590,603	–	-1.82%	–
DNOW	Exit	NOW Inc.	$0	–	-2,487,464	–	-1.98%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,695,985	–	-2.06%	–
GM	Exit	General Motors	$0	–	-2,507,696	–	-2.09%	–
MOS	Exit	Mosaic Co.	$0	–	-1,920,282	–	-2.23%	–
DE	Exit	Deere & Company	$0	–	-1,059,215	–	-2.27%	–
CCC	Exit	Calgon Carbon Corp	$0	–	-4,682,576	–	-2.37%	–
KN	Exit	Knowles Corporation	$0	–	-4,069,500	–	-2.82%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,327,668	–	-2.93%	–
CST	Exit	CST Brands, Inc.	$0	–	-3,248,945	–	-3.05%	–
LNN	Exit	Lindsay Corporation	$0	–	-1,565,859	–	-3.06%	–
PFE	Exit	Pfizer Inc.	$0	–	-4,099,015	–	-3.17%	–
TAP	Exit	Molson Coors Brewing Co Cl B	$0	–	-1,686,262	–	-3.28%	–
WPX	Exit	WPX Energy Inc.	$0	–	-5,223,979	–	-3.29%	–
GE	Exit	General Electric Com	$0	–	-5,007,237	–	-3.36%	–
XLS	Exit	Exelis Inc.	$0	–	-8,055,474	–	-3.48%	–
ZTS	Exit	Zoetis Inc.	$0	–	-3,763,092	–	-3.64%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-6,282,086	–	-3.95%	–
PKI	Exit	PerkinElmer, Inc.	$0	–	-3,738,147	–	-4.26%	–
WOOF	Exit	VCA Inc.	$0	–	-4,282,422	–	-4.40%	–
ENTG	Exit	Entegris, Inc.	$0	–	-16,240,223	–	-4.88%	–
AXLL	Exit	Axiall Corporation	$0	–	-5,302,797	–	-4.96%	–
AAN	Exit	Aaron's, Inc.	$0	–	-7,817,376	–	-4.97%	–
USG	Exit	USG Corporation	$0	–	-7,429,956	–	-5.34%	–
CVC	Exit	Cablevision Systems Corporation	$0	–	-11,952,624	–	-5.47%	–
ADT	Exit	ADT Corporation	$0	–	-6,589,733	–	-6.11%	–

Q3 2014

			Value		Shares		↓ Weighting
ADT	Sell	ADT Corporation	$233,671,927,000	+0.4%	6,589,733	-1.1%	6.11%	+8.6%
CVC	Sell	Cablevision Systems Corporation	$209,290,446,000	-1.6%	11,952,624	-0.8%	5.47%	+6.5%
USG	Buy	USG Corporation	$204,249,490,000	-0.2%	7,429,956	+9.4%	5.34%	+7.9%
AAN	Buy	Aaron's, Inc.	$190,118,584,000	+12.3%	7,817,376	+64.6%	4.97%	+21.5%
AXLL	Buy	Axiall Corporation	$189,893,151,000	-14.9%	5,302,797	+12.3%	4.96%	-8.0%
ENTG	Buy	Entegris, Inc.	$186,762,565,000	-1.5%	16,240,223	+17.7%	4.88%	+6.6%
WOOF	Sell	VCA Inc.	$168,427,657,000	-0.1%	4,282,422	-10.9%	4.40%	+8.1%
PKI	Buy	PerkinElmer, Inc.	$162,983,209,000	-5.6%	3,738,147	+1.4%	4.26%	+2.1%
LYV	Sell	Live Nation Entertainment, Inc.	$150,895,706,000	-8.8%	6,282,086	-6.3%	3.95%	-1.3%
ZTS	Buy	Zoetis Inc.	$139,046,249,000	+104.9%	3,763,092	+79.0%	3.64%	+121.7%
XLS	Buy	Exelis Inc.	$133,237,540,000	+26.8%	8,055,474	+30.2%	3.48%	+37.2%
GE	Buy	General Electric Com	$128,285,400,000	+7.5%	5,007,237	+10.3%	3.36%	+16.3%
WPX	Sell	WPX Energy Inc.	$125,688,935,000	-40.3%	5,223,979	-40.6%	3.29%	-35.4%
TAP	Sell	Molson Coors Brewing Co Cl B	$125,525,343,000	-30.6%	1,686,262	-30.9%	3.28%	-25.0%
PFE	Buy	Pfizer Inc.	$121,207,860,000	+13.7%	4,099,015	+14.1%	3.17%	+22.9%
LNN	Buy	Lindsay Corporation	$117,047,960,000	-4.2%	1,565,859	+8.3%	3.06%	+3.7%
CST	Sell	CST Brands, Inc.	$116,799,573,000	+4.2%	3,248,945	-0.0%	3.05%	+12.7%
CMP	Sell	Compass Minerals International, Inc.	$111,895,859,000	-18.4%	1,327,668	-7.3%	2.93%	-11.7%
KN	Buy	Knowles Corporation	$107,841,750,000	-8.5%	4,069,500	+6.1%	2.82%	-1.1%
CCC	Sell	Calgon Carbon Corp	$90,748,323,000	-16.0%	4,682,576	-3.2%	2.37%	-9.1%
DE	Buy	Deere & Company	$86,845,001,000	+0.3%	1,059,215	+10.8%	2.27%	+8.6%
MOS	Buy	Mosaic Co.	$85,279,724,000	-3.7%	1,920,282	+7.2%	2.23%	+4.2%
GM	Sell	General Motors	$80,095,810,000	-13.1%	2,507,696	-1.3%	2.09%	-6.1%
MSFT	Sell	Microsoft Corp	$78,625,866,000	-12.2%	1,695,985	-21.0%	2.06%	-5.0%
DNOW	New	NOW Inc.	$75,643,780,000	–	2,487,464	–	1.98%	–
GLW	Sell	Corning Inc.	$69,442,262,000	-19.5%	3,590,603	-8.6%	1.82%	-12.9%
BK	Sell	Bank of New York Mellon Corp.	$69,012,987,000	-22.2%	1,781,900	-24.7%	1.80%	-15.8%
CKP	Sell	Checkpoint Systems Inc	$58,362,575,000	-12.6%	4,772,083	-0.0%	1.53%	-5.5%
TMST	New	TimkenSteel Corporation	$44,593,440,000	–	959,205	–	1.17%	–
DVN	Sell	Devon Energy Corporation	$39,610,229,000	-56.7%	580,966	-49.6%	1.04%	-53.2%
CCMP	New	Cabot Microelectronics Com	$38,012,800,000	–	917,076	–	0.99%	–
PAG	Sell	Penske Automotive Group, Inc.	$22,279,932,000	-56.7%	548,902	-47.1%	0.58%	-53.1%
IWM	Sell	Ishares Russell 2000 ETFetf	$21,889,136,000	-17.1%	200,175	-9.9%	0.57%	-10.3%
VEC	New	Vectrus, Inc.	$8,723,856,000	–	446,690	–	0.23%	–
GTI	Sell	GrafTech International Ltd.	$7,333,162,000	-91.9%	1,601,127	-81.5%	0.19%	-91.2%
SPY	Buy	Spdr Trust Series 1etf	$4,618,149,000	+13.1%	23,440	+12.3%	0.12%	+22.2%
NEM	Buy	Newmont Mining	$1,613,500,000	+15.3%	70,000	+27.3%	0.04%	+23.5%
GG	New	GOLDCORP INC NEW COM	$1,496,950,000	–	65,000	–	0.04%	–
HL	Buy	Hecla Mining	$744,000,000	+7.8%	300,000	+50.0%	0.02%	+11.8%
DD	Buy	E I Dupont	$525,824,000	+9.7%	7,328	+0.0%	0.01%	+16.7%
POT	Sell	POTASH CORP SASK INC COM	$449,280,000	-77.7%	13,000	-75.5%	0.01%	-75.5%
OCIR	New	OCI Resources LP	$408,596,000	–	17,913	–	0.01%	–
PG	Buy	Procter & Gamble Co	$292,537,000	+6.6%	3,493	+0.0%	0.01%	+14.3%
RES	Sell	RPC Energy Services	$223,999,000	-7.7%	10,200	-1.3%	0.01%	0.0%
	New	Berkshire Hathaway Inc. Class A	$206,900,000	–	100	–	0.01%	–
TIF	Exit	Tiffany & Co.	$0	–	-2,000	–	-0.01%	–
F102PS	Exit	Babcock & Wilcox Company	$0	–	-6,300	–	-0.01%	–
LMCA	Exit	LIBERTY MEDIA CORP DEL CL A	$0	–	-1,502	–	-0.01%	–
AAPL	Exit	Apple Computers	$0	–	-2,527	–	-0.01%	–
FCX	Exit	Freeport Mcmoran Copper & Gold Cl B	$0	–	-25,505	–	-0.02%	–
IBM	Exit	International Business Machines Corp	$0	–	-25,152	–	-0.11%	–
WWAV	Exit	WhiteWave Foods Company	$0	–	-813,288	–	-0.64%	–
DYN	Exit	Dynegy Inc.	$0	–	-1,344,541	–	-1.13%	–
BYI	Exit	Bally Technologies, Inc.	$0	–	-734,506	–	-1.17%	–

Q2 2014

			Value		Shares		↓ Weighting
ADT	New	ADT Corporation	$232,715,629,000	–	6,660,436	–	5.62%	–
AXLL	New	Axiall Corporation	$223,247,229,000	–	4,722,810	–	5.40%	–
CVC	New	Cablevision Systems Corporation	$212,643,123,000	–	12,047,769	–	5.14%	–
WPX	New	WPX Energy Inc.	$210,389,900,000	–	8,799,243	–	5.09%	–
USG	New	USG Corporation	$204,719,370,000	–	6,794,536	–	4.95%	–
ENTG	New	Entegris, Inc.	$189,587,561,000	–	13,793,202	–	4.58%	–
TAP	New	Molson Coors Brewing Co Cl B	$180,980,064,000	–	2,440,400	–	4.38%	–
PKI	New	PerkinElmer, Inc.	$172,626,010,000	–	3,685,440	–	4.17%	–
AAN	New	Aaron's, Inc.	$169,272,180,000	–	4,749,500	–	4.09%	–
WOOF	New	VCA Inc.	$168,592,712,000	–	4,804,580	–	4.08%	–
LYV	New	Live Nation Entertainment, Inc.	$165,448,159,000	–	6,701,019	–	4.00%	–
CMP	New	Compass Minerals International, Inc.	$137,108,584,000	–	1,432,093	–	3.31%	–
LNN	New	Lindsay Corporation	$122,129,598,000	–	1,445,834	–	2.95%	–
GE	New	General Electric Com	$119,328,029,000	–	4,540,640	–	2.88%	–
KN	New	Knowles Corporation	$117,903,270,000	–	3,835,500	–	2.85%	–
CST	New	CST Brands, Inc.	$112,126,553,000	–	3,250,045	–	2.71%	–
CCC	New	Calgon Carbon Corp	$107,997,393,000	–	4,836,426	–	2.61%	–
PFE	New	Pfizer Inc.	$106,645,815,000	–	3,593,188	–	2.58%	–
XLS	New	Exelis Inc.	$105,039,265,000	–	6,186,058	–	2.54%	–
GM	New	General Motors	$92,200,040,000	–	2,539,946	–	2.23%	–
DVN	New	Devon Energy Corporation	$91,523,396,000	–	1,152,688	–	2.21%	–
GTI	New	GrafTech International Ltd.	$90,549,124,000	–	8,656,704	–	2.19%	–
MSFT	New	Microsoft Corp	$89,517,964,000	–	2,146,714	–	2.16%	–
BK	New	Bank of New York Mellon Corp.	$88,668,085,000	–	2,365,744	–	2.14%	–
MOS	New	Mosaic Co.	$88,583,494,000	–	1,791,375	–	2.14%	–
DE	New	Deere & Company	$86,548,192,000	–	955,806	–	2.09%	–
GLW	New	Corning Inc.	$86,258,956,000	–	3,929,793	–	2.08%	–
ZTS	New	Zoetis Inc.	$67,850,902,000	–	2,102,600	–	1.64%	–
CKP	New	Checkpoint Systems Inc	$66,766,338,000	–	4,772,433	–	1.61%	–
PAG	New	Penske Automotive Group, Inc.	$51,397,781,000	–	1,038,339	–	1.24%	–
BYI	New	Bally Technologies, Inc.	$48,271,734,000	–	734,506	–	1.17%	–
DYN	New	Dynegy Inc.	$46,790,027,000	–	1,344,541	–	1.13%	–
IWM	New	Ishares Russell 2000 ETFetf	$26,404,928,000	–	222,245	–	0.64%	–
WWAV	New	WhiteWave Foods Company	$26,326,133,000	–	813,288	–	0.64%	–
IWN	New	Ishares Trust Russell 2000 Value Indexetf	$9,357,421,000	–	90,620	–	0.23%	–
IBM	New	International Business Machines Corp	$4,559,242,000	–	25,152	–	0.11%	–
SPY	New	Spdr Trust Series 1etf	$4,084,059,000	–	20,867	–	0.10%	–
POT	New	POTASH CORP SASK INC COM	$2,011,880,000	–	53,000	–	0.05%	–
PPSPRA	New	Post Properties 8.50%preferred	$1,447,493,000	–	22,907	–	0.04%	–
NEM	New	Newmont Mining	$1,399,200,000	–	55,000	–	0.03%	–
FCX	New	Freeport Mcmoran Copper & Gold Cl B	$930,914,000	–	25,505	–	0.02%	–
PEBPRACL	New	Pebblebrook Hotel Trust Series Apreferred	$779,828,000	–	29,595	–	0.02%	–
HL	New	Hecla Mining	$690,000,000	–	200,000	–	0.02%	–
HYG	New	iShares iBoxx $ High Yield Corporate Bdetf	$652,120,000	–	6,850	–	0.02%	–
STZ	New	Constellation Brands Inc. - A	$548,609,000	–	6,225	–	0.01%	–
DD	New	E I Dupont	$479,459,000	–	7,327	–	0.01%	–
DIS	New	Walt Disney Company	$467,279,000	–	5,450	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75% Series Bpreferred	$405,299,000	–	8,400	–	0.01%	–
JNJ	New	Johnson & Johnson	$376,632,000	–	3,600	–	0.01%	–
BAC	New	Bank Of America Corp	$315,085,000	–	20,500	–	0.01%	–
WFCPRJCL	New	WELLS FARGO & CO NEW DEP SHS SER Jpreferred	$312,270,000	–	10,500	–	0.01%	–
PG	New	Procter & Gamble Co	$274,413,000	–	3,492	–	0.01%	–
RES	New	RPC Energy Services	$242,668,000	–	10,331	–	0.01%	–
SNI	New	Scripps Networks Inter - CL A	$251,534,000	–	3,100	–	0.01%	–
TMO	New	Thermo Fisher Scientific, Inc	$264,320,000	–	2,240	–	0.01%	–
AAPL	New	Apple Computers	$234,849,000	–	2,527	–	0.01%	–
LMCA	New	LIBERTY MEDIA CORP DEL CL A	$205,293,000	–	1,502	–	0.01%	–
TIF	New	Tiffany & Co.	$200,500,000	–	2,000	–	0.01%	–
F102PS	New	Babcock & Wilcox Company	$204,498,000	–	6,300	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
PG	Exit	Procter & Gamble Co	$0	–	-3,163	–	-0.01%	–
SNI	Exit	Scripps Networks Inter - CL A	$0	–	-3,100	–	-0.01%	–
TDW	Exit	Tidewater Inc.	$0	–	-5,000	–	-0.01%	–
BAC	Exit	Bank Of America Corp	$0	–	-20,500	–	-0.01%	–
WFCPRJCL	Exit	WELLS FARGO & CO NEW DEP SHS SER Jpreferred	$0	–	-10,500	–	-0.01%	–
DIS	Exit	Walt Disney Company	$0	–	-5,445	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-4,100	–	-0.01%	–
CBBPRB	Exit	Cincinnati Bell 6.75% Series Bpreferred	$0	–	-8,400	–	-0.01%	–
STZ	Exit	Constellation Brands Inc. - A	$0	–	-6,225	–	-0.01%	–
DD	Exit	E I Dupont	$0	–	-7,514	–	-0.01%	–
NEE	Exit	NextEra Energy, Inc.	$0	–	-5,368	–	-0.01%	–
UPLMQ	Exit	ULTRA PETROLEUM CORP COM	$0	–	-21,500	–	-0.01%	–
NEM	Exit	Newmont Mining	$0	–	-15,000	–	-0.01%	–
NVE	Exit	NV Energy, Inc.	$0	–	-21,378	–	-0.01%	–
HYG	Exit	iShares iBoxx $ High Yield Corporate Bdetf	$0	–	-7,050	–	-0.02%	–
PEBPRACL	Exit	Pebblebrook Hotel Trust Series Apreferred	$0	–	-28,395	–	-0.02%	–
QEP	Exit	QEP RES INC COM	$0	–	-36,501	–	-0.03%	–
POT	Exit	POTASH CORP SASK INC COM	$0	–	-34,500	–	-0.03%	–
PPSPRA	Exit	Post Properties 8.50%preferred	$0	–	-22,907	–	-0.04%	–
GMPRB	Exit	GENERAL MTRS CO JR PFD CNV SRB 4.75%preferred	$0	–	-35,000	–	-0.05%	–
SPY	Exit	Spdr Trust Series 1etf	$0	–	-20,858	–	-0.10%	–
IWN	Exit	Ishares Trust Russell 2000 Value Index Funetf	$0	–	-120,400	–	-0.31%	–
IWM	Exit	Ishares Russell 2000 ETFetf	$0	–	-214,880	–	-0.65%	–
JBT	Exit	John Bean Technologies Corp.	$0	–	-931,336	–	-0.66%	–
ZBRA	Exit	Zebra Technologies Cp Class A	$0	–	-523,509	–	-0.67%	–
CCMP	Exit	Cabot Microelectronics Com	$0	–	-686,990	–	-0.75%	–
ENTG	Exit	Entegris, Inc.	$0	–	-3,737,600	–	-1.07%	–
FHI	Exit	Federated Investors, Inc.	$0	–	-1,419,642	–	-1.09%	–
VRNT	Exit	Verint Systems Inc.	$0	–	-1,241,400	–	-1.30%	–
GM	Exit	General Motors	$0	–	-1,550,610	–	-1.58%	–
SAIC	Exit	Science Applications International Corp.	$0	–	-1,689,956	–	-1.61%	–
BK	Exit	Bank of New York Mellon Corp.	$0	–	-2,364,219	–	-2.02%	–
MOS	Exit	Mosaic Co.	$0	–	-1,661,025	–	-2.02%	–
MSFT	Exit	Microsoft Corp	$0	–	-2,169,485	–	-2.04%	–
PFE	Exit	Pfizer Inc.	$0	–	-2,595,052	–	-2.11%	–
GLW	Exit	Corning Inc.	$0	–	-5,132,209	–	-2.12%	–
DVN	Exit	Devon Energy Corporation	$0	–	-1,314,537	–	-2.15%	–
DYN	Exit	Dynegy Inc.	$0	–	-4,305,104	–	-2.35%	–
CKP	Exit	Checkpoint Systems Inc	$0	–	-4,997,310	–	-2.36%	–
PAG	Exit	Penske Automotive Group, Inc.	$0	–	-1,992,378	–	-2.41%	–
GTI	Exit	GrafTech International Ltd.	$0	–	-10,767,486	–	-2.57%	–
MNKKQ	Exit	Mallinckrodt Pharmaceuticals	$0	–	-2,094,374	–	-2.61%	–
CMP	Exit	Compass Minerals International, Inc.	$0	–	-1,211,823	–	-2.61%	–
GE	Exit	General Electric Com	$0	–	-4,411,165	–	-2.98%	–
XYL	Exit	Xylem Inc.	$0	–	-3,825,337	–	-3.02%	–
CCC	Exit	Calgon Carbon Corp	$0	–	-5,668,426	–	-3.04%	–
ADT	Exit	ADT Corporation	$0	–	-2,727,615	–	-3.13%	–
TAP	Exit	Molson Coors Brewing Co Cl B	$0	–	-2,580,333	–	-3.66%	–
LDOS	Exit	Leidos Holdings Inc.	$0	–	-2,957,885	–	-3.80%	–
PKI	Exit	PerkinElmer, Inc.	$0	–	-3,992,468	–	-4.26%	–
WOOF	Exit	VCA Antech, Inc.	$0	–	-5,564,893	–	-4.32%	–
AXLL	Exit	Axiall Corporation	$0	–	-4,217,161	–	-4.50%	–
WPX	Exit	WPX Energy Inc.	$0	–	-8,469,913	–	-4.61%	–
BBG	Exit	Bill Barrett Corporation	$0	–	-6,577,335	–	-4.67%	–
F102PS	Exit	Babcock & Wilcox Company	$0	–	-5,072,742	–	-4.83%	–
WWAV	Exit	WhiteWave Foods Company	$0	–	-8,635,037	–	-4.87%	–
XLS	Exit	Exelis Inc.	$0	–	-11,720,367	–	-5.20%	–
LYV	Exit	Live Nation Entertainment, Inc.	$0	–	-10,739,188	–	-5.63%	–

Q3 2013

			Value		Shares		↓ Weighting
LYV	Sell	Live Nation Entertainment, Inc.	$199,211,937,000	+0.5%	10,739,188	-16.0%	5.63%	-9.2%
XLS	Sell	Exelis Inc.	$184,126,966,000	-2.4%	11,720,367	-14.3%	5.20%	-11.8%
WWAV	Buy	WhiteWave Foods Company	$172,441,689,000	+33.3%	8,635,037	+8.5%	4.87%	+20.5%
F102PS	Sell	Babcock & Wilcox Company	$171,052,860,000	+0.8%	5,072,742	-10.2%	4.83%	-8.9%
BBG	Buy	Bill Barrett Corporation	$165,156,882,000	+26.0%	6,577,335	+1.4%	4.67%	+13.8%
WPX	Buy	WPX Energy Inc.	$163,130,524,000	+3.5%	8,469,913	+1.7%	4.61%	-6.5%
AXLL	Buy	Axiall Corporation	$159,366,514,000	+58.2%	4,217,161	+78.2%	4.50%	+42.9%
WOOF	Sell	VCA Antech, Inc.	$152,811,962,000	-13.5%	5,564,893	-17.9%	4.32%	-21.9%
PKI	Sell	PerkinElmer, Inc.	$150,715,667,000	+3.3%	3,992,468	-11.0%	4.26%	-6.6%
LDOS	New	Leidos Holdings Inc.	$134,642,937,000	–	2,957,885	–	3.80%	–
TAP	Buy	Molson Coors Brewing Co Cl B	$129,352,093,000	+11.2%	2,580,333	+6.2%	3.66%	+0.5%
ADT	Buy	ADT Corporation	$110,904,826,000	+11.8%	2,727,615	+9.6%	3.13%	+1.1%
CCC	Sell	Calgon Carbon Corp	$107,643,410,000	+10.3%	5,668,426	-3.1%	3.04%	-0.3%
XYL	Buy	Xylem Inc.	$106,841,662,000	+19.7%	3,825,337	+15.5%	3.02%	+8.2%
GE	Buy	General Electric Com	$105,382,730,000	+7.9%	4,411,165	+4.7%	2.98%	-2.5%
CMP	New	Compass Minerals International, Inc.	$92,425,740,000	–	1,211,823	–	2.61%	–
MNKKQ	New	Mallinckrodt Pharmaceuticals	$92,340,950,000	–	2,094,374	–	2.61%	–
GTI	Buy	GrafTech International Ltd.	$90,985,257,000	+21.5%	10,767,486	+4.7%	2.57%	+9.8%
PAG	Sell	Penske Automotive Group, Inc.	$85,134,312,000	+17.4%	1,992,378	-16.1%	2.41%	+6.1%
CKP	Sell	Checkpoint Systems Inc	$83,455,077,000	+17.2%	4,997,310	-0.4%	2.36%	+5.9%
DYN	Buy	Dynegy Inc.	$83,174,609,000	-11.8%	4,305,104	+2.9%	2.35%	-20.3%
DVN	Buy	Devon Energy Corporation	$75,927,681,000	+18.7%	1,314,537	+6.6%	2.15%	+7.2%
GLW	Buy	Corning Inc.	$74,878,929,000	+11.1%	5,132,209	+8.3%	2.12%	+0.4%
PFE	Buy	Pfizer Inc.	$74,542,874,000	+11.5%	2,595,052	+8.7%	2.11%	+0.8%
MSFT	Buy	Microsoft Corp	$72,200,461,000	+6.8%	2,169,485	+10.8%	2.04%	-3.5%
MOS	New	Mosaic Co.	$71,457,296,000	–	1,661,025	–	2.02%	–
BK	Buy	Bank of New York Mellon Corp.	$71,375,772,000	+13.6%	2,364,219	+5.5%	2.02%	+2.6%
SAIC	New	Science Applications International Corp.	$57,036,030,000	–	1,689,956	–	1.61%	–
GM	Sell	General Motors	$55,775,442,000	-7.4%	1,550,610	-14.2%	1.58%	-16.3%
VRNT	Buy	Verint Systems Inc.	$46,006,284,000	+22.3%	1,241,400	+17.1%	1.30%	+10.5%
FHI	Sell	Federated Investors, Inc.	$38,557,477,000	-57.6%	1,419,642	-57.2%	1.09%	-61.7%
ENTG	New	Entegris, Inc.	$37,974,016,000	–	3,737,600	–	1.07%	–
CCMP	Sell	Cabot Microelectronics Com	$26,455,985,000	-9.5%	686,990	-22.5%	0.75%	-18.3%
ZBRA	Sell	Zebra Technologies Cp Class A	$23,851,070,000	-13.9%	523,509	-17.9%	0.67%	-22.2%
JBT	Sell	John Bean Technologies Corp.	$23,171,640,000	-56.5%	931,336	-63.3%	0.66%	-60.7%
IWM	Sell	Ishares Russell 2000 ETFetf	$22,908,357,000	-2.8%	214,880	-11.4%	0.65%	-12.2%
IWN	Sell	Ishares Trust Russell 2000 Value Index Funetf	$11,033,456,000	-3.9%	120,400	-9.9%	0.31%	-13.1%
SPY	Sell	Spdr Trust Series 1etf	$3,504,345,000	-46.5%	20,858	-48.9%	0.10%	-51.7%
GMPRB	Sell	GENERAL MTRS CO JR PFD CNV SRB 4.75%preferred	$1,755,250,000	+0.4%	35,000	-3.6%	0.05%	-9.1%
PPSPRA	Sell	Post Properties 8.50%preferred	$1,382,667,000	-7.2%	22,907	-3.0%	0.04%	-17.0%
POT	New	POTASH CORP SASK INC COM	$1,079,160,000	–	34,500	–	0.03%	–
QEP	Buy	QEP RES INC COM	$1,010,704,000	-0.3%	36,501	+0.0%	0.03%	-9.4%
PEBPRACL	Sell	Pebblebrook Hotel Trust Series Apreferred	$734,011,000	-5.0%	28,395	-5.0%	0.02%	-12.5%
NVE	Sell	NV Energy, Inc.	$504,727,000	-0.5%	21,378	-1.1%	0.01%	-12.5%
NEE	Sell	NextEra Energy, Inc.	$430,299,000	-14.8%	5,368	-13.4%	0.01%	-25.0%
DD	Buy	E I Dupont	$440,038,000	+11.6%	7,514	+0.0%	0.01%	0.0%
NEM	Sell	Newmont Mining	$421,500,000	-53.1%	15,000	-50.0%	0.01%	-57.1%
UPLMQ	Buy	ULTRA PETROLEUM CORP COM	$442,255,000	+35.2%	21,500	+30.3%	0.01%	+20.0%
DIS	Buy	Walt Disney Company	$351,147,000	+7.3%	5,445	+5.1%	0.01%	0.0%
STZ	Sell	Constellation Brands Inc. - A	$357,315,000	-37.2%	6,225	-43.0%	0.01%	-44.4%
JNJ	Sell	Johnson & Johnson	$355,429,000	-99.0%	4,100	-99.0%	0.01%	-99.1%
TDW	Sell	Tidewater Inc.	$296,800,000	-99.4%	5,000	-99.4%	0.01%	-99.5%
PG	Buy	Procter & Gamble Co	$239,107,000	-1.8%	3,163	+0.0%	0.01%	-12.5%
EPZM	Exit	EPIZYME INC COM	$0	–	-9,940	–	-0.01%	–
BACPRJCL	Exit	Bank America Preferred Jpreferred	$0	–	-22,800	–	-0.02%	–
FB	Exit	Facebook Inc. CL A	$0	–	-25,800	–	-0.02%	–
IVV	Exit	ISHARES TR S&P 500 INDEXetf	$0	–	-4,000	–	-0.02%	–
FCX	Exit	Freeport Mcmoran Copper & Gold Cl B	$0	–	-30,000	–	-0.03%	–
JPMPRICL	Exit	JP Morgan Chase 8.625 Pfdpreferred	$0	–	-33,600	–	-0.03%	–
AAPL	Exit	Apple Computers	$0	–	-3,580	–	-0.04%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-318,327	–	-0.51%	–
LPS	Exit	Lender Processing Services, Inc.	$0	–	-809,794	–	-0.82%	–
BAX	Exit	Baxter International	$0	–	-527,729	–	-1.14%	–
SAI	Exit	SAIC, Inc.	$0	–	-9,951,823	–	-4.34%	–

Q2 2013

			Value		Shares		↓ Weighting
LYV	New	Live Nation Entertainment, Inc.	$198,252,425,000	–	12,790,479	–	6.20%	–
XLS	New	Exelis Inc.	$188,585,724,000	–	13,675,542	–	5.90%	–
WOOF	New	VCA Antech, Inc.	$176,763,194,000	–	6,775,132	–	5.53%	–
F102PS	New	Babcock & Wilcox Company	$169,635,326,000	–	5,648,862	–	5.30%	–
WPX	New	WPX Energy Inc.	$157,662,488,000	–	8,324,313	–	4.93%	–
PKI	New	PerkinElmer, Inc.	$145,843,685,000	–	4,487,498	–	4.56%	–
SAI	New	SAIC, Inc.	$138,628,894,000	–	9,951,823	–	4.34%	–
BBG	New	Bill Barrett Corporation	$131,118,491,000	–	6,484,594	–	4.10%	–
WWAV	New	WhiteWave Foods Company	$129,370,199,000	–	7,961,243	–	4.04%	–
TAP	New	Molson Coors Brewing Co Cl B	$116,281,565,000	–	2,429,619	–	3.64%	–
AXLL	New	Axiall Corporation	$100,768,721,000	–	2,366,574	–	3.15%	–
ADT	New	ADT Corporation	$99,170,431,000	–	2,488,593	–	3.10%	–
GE	New	General Electric Com	$97,691,551,000	–	4,212,659	–	3.06%	–
CCC	New	Calgon Carbon Corp	$97,594,280,000	–	5,850,976	–	3.05%	–
DYN	New	Dynegy Inc.	$94,299,680,000	–	4,181,804	–	2.95%	–
FHI	New	Federated Investors, Inc.	$90,903,675,000	–	3,316,442	–	2.84%	–
XYL	New	Xylem Inc.	$89,241,767,000	–	3,312,612	–	2.79%	–
GTI	New	GrafTech International Ltd.	$74,891,020,000	–	10,287,228	–	2.34%	–
PAG	New	Penske Automotive Group, Inc.	$72,494,844,000	–	2,373,767	–	2.27%	–
CKP	New	Checkpoint Systems Inc	$71,227,812,000	–	5,019,578	–	2.23%	–
MSFT	New	Microsoft Corp	$67,588,375,000	–	1,957,381	–	2.11%	–
GLW	New	Corning Inc.	$67,426,493,000	–	4,738,334	–	2.11%	–
PFE	New	Pfizer Inc.	$66,861,288,000	–	2,387,051	–	2.09%	–
DVN	New	Devon Energy Corporation	$63,990,452,000	–	1,233,432	–	2.00%	–
BK	New	Bank of New York Mellon Corp.	$62,840,247,000	–	2,240,294	–	1.96%	–
GM	New	General Motors	$60,224,980,000	–	1,808,015	–	1.88%	–
JBT	New	John Bean Technologies Corp.	$53,284,848,000	–	2,536,166	–	1.67%	–
TDW	New	Tidewater Inc.	$49,526,015,000	–	869,335	–	1.55%	–
VRNT	New	Verint Systems Inc.	$37,608,841,000	–	1,060,300	–	1.18%	–
BAX	New	Baxter International	$36,555,788,000	–	527,729	–	1.14%	–
JNJ	New	Johnson & Johnson	$34,671,899,000	–	403,819	–	1.08%	–
CCMP	New	Cabot Microelectronics Com	$29,248,048,000	–	886,036	–	0.92%	–
ZBRA	New	Zebra Technologies Cp Class A	$27,703,947,000	–	637,752	–	0.87%	–
LPS	New	Lender Processing Services, Inc.	$26,196,836,000	–	809,794	–	0.82%	–
IWM	New	Ishares Russell 2000 ETFetf	$23,576,846,000	–	242,660	–	0.74%	–
HBI	New	Hanesbrands, Inc.	$16,368,395,000	–	318,327	–	0.51%	–
IWN	New	Ishares Trust Russell 2000 Value Index Funetf	$11,484,830,000	–	133,700	–	0.36%	–
SPY	New	Spdr Trust Series 1etf	$6,550,751,000	–	40,835	–	0.20%	–
GMPRB	New	GENERAL MTRS CO JR PFD CNV SRB 4.75%preferred	$1,748,208,000	–	36,300	–	0.06%	–
PPSPRA	New	Post Properties 8.50%preferred	$1,489,602,000	–	23,607	–	0.05%	–
AAPL	New	Apple Computers	$1,419,577,000	–	3,580	–	0.04%	–
QEP	New	QEP RES INC COM	$1,013,980,000	–	36,500	–	0.03%	–
NEM	New	Newmont Mining	$898,500,000	–	30,000	–	0.03%	–
JPMPRICL	New	JP Morgan Chase 8.625 Pfdpreferred	$853,104,000	–	33,600	–	0.03%	–
FCX	New	Freeport Mcmoran Copper & Gold Cl B	$828,300,000	–	30,000	–	0.03%	–
PEBPRACL	New	Pebblebrook Hotel Trust Series Apreferred	$772,487,000	–	29,895	–	0.02%	–
IVV	New	ISHARES TR S&P 500 INDEXetf	$643,520,000	–	4,000	–	0.02%	–
HYG	New	iShares iBoxx $ High Yield Corporate Bdetf	$640,704,000	–	7,050	–	0.02%	–
FB	New	Facebook Inc. CL A	$641,904,000	–	25,800	–	0.02%	–
BACPRJCL	New	Bank America Preferred Jpreferred	$580,260,000	–	22,800	–	0.02%	–
STZ	New	Constellation Brands Inc. - A	$569,411,000	–	10,925	–	0.02%	–
NEE	New	NextEra Energy, Inc.	$505,095,000	–	6,199	–	0.02%	–
NVE	New	NV Energy, Inc.	$507,343,000	–	21,626	–	0.02%	–
DD	New	E I Dupont	$394,455,000	–	7,513	–	0.01%	–
CBBPRB	New	Cincinnati Bell 6.75% Series Bpreferred	$375,312,000	–	8,400	–	0.01%	–
UPLMQ	New	ULTRA PETROLEUM CORP COM	$327,030,000	–	16,500	–	0.01%	–
DIS	New	WALT DISNEY COMPANY	$327,116,000	–	5,180	–	0.01%	–
WFCPRJCL	New	WELLS FARGO & CO NEW DEP SHS SER Jpreferred	$303,870,000	–	10,500	–	0.01%	–
EPZM	New	EPIZYME INC COM	$279,612,000	–	9,940	–	0.01%	–
BAC	New	Bank Of America Corp	$263,630,000	–	20,500	–	0.01%	–
PG	New	Procter & Gamble Co	$243,413,000	–	3,162	–	0.01%	–
SNI	New	Scripps Networks Inter - CL A	$206,956,000	–	3,100	–	0.01%	–

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