BOYAR ASSET MANAGEMENT INC. Activity Q4 2002-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$15,770,404	-8.7%	49,946	-1.5%	12.38%	-3.1%
HD	Sell	HOME DEPOT INC	$8,660,134	-4.3%	28,661	-1.6%	6.80%	+1.6%
AMP	Sell	AMERIPRISE FINL INC	$8,411,030	-2.5%	25,513	-1.8%	6.60%	+3.4%
JPM	Sell	JPMORGAN CHASE & CO	$8,263,247	-2.0%	56,980	-1.7%	6.49%	+4.0%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,641,587	+6.7%	104,682	+0.0%	3.64%	+13.2%
BAC	Sell	BANK AMERICA CORP	$4,543,903	-4.6%	165,957	-0.1%	3.57%	+1.2%
UBER	Sell	UBER TECHNOLOGIES INC	$4,477,724	+6.1%	97,363	-0.4%	3.52%	+12.7%
MSGS	Sell	MADISON SQUARE GRDN SPRT CORcl a	$4,017,913	-7.1%	22,790	-0.9%	3.16%	-1.3%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,533,998	-6.7%	50,922	-1.9%	2.78%	-1.0%
CSCO	Sell	CISCO SYS INC	$3,465,000	+3.1%	64,453	-0.8%	2.72%	+9.5%
PFE	Sell	PFIZER INC	$3,216,644	-12.6%	96,974	-3.3%	2.53%	-7.2%
JNJ	Sell	JOHNSON & JOHNSON	$2,968,820	-6.2%	19,061	-0.3%	2.33%	-0.4%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,768,617	-15.4%	17,762	-2.7%	2.17%	-10.2%
DIS	Sell	DISNEY WALT CO	$2,656,533	-13.8%	32,776	-5.1%	2.09%	-8.5%
BK	Sell	BANK NEW YORK MELLON CORP	$2,562,696	-5.7%	60,087	-1.6%	2.01%	+0.1%
INTC	Sell	INTEL CORP	$1,978,674	+3.5%	55,659	-2.6%	1.55%	+9.9%
MAR	Sell	MARRIOTT INTL INC NEWcl a	$1,856,420	+3.2%	9,445	-3.6%	1.46%	+9.5%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,811,735	-10.2%	31,215	-1.1%	1.42%	-4.8%
MSGE	Buy	SPHERE ENTERTAINMENT COcl a	$1,769,336	+36.5%	47,614	+0.6%	1.39%	+44.8%
SYY	Sell	SYSCO CORP	$1,727,322	-11.5%	26,152	-0.6%	1.36%	-6.1%
	Buy	MADISON SQUARE GARDEN ENTMT	$1,676,073	+3.4%	50,929	+5.6%	1.32%	+9.7%
SMG	Sell	SCOTTS MIRACLE-GRO COcl a	$1,655,661	-18.5%	32,037	-1.1%	1.30%	-13.4%
CVS	Sell	CVS HEALTH CORP	$1,592,877	-0.3%	22,814	-1.3%	1.25%	+5.8%
	New	ATLANTA BRAVES HLDGS INC	$1,573,906	–	44,050	–	1.24%	–
	Buy	WARNER BROS DISCOVERY INC	$1,459,378	-11.7%	134,381	+2.0%	1.15%	-6.2%
KO	Buy	COCA COLA CO	$1,459,001	-7.0%	26,063	+0.0%	1.15%	-1.3%
EBAY	Sell	EBAY INC.	$1,429,708	-7.6%	32,427	-6.3%	1.12%	-1.8%
TGT	Sell	TARGET CORP	$1,413,017	-17.2%	12,779	-1.3%	1.11%	-12.2%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$1,308,835	+3.8%	7,310	-3.9%	1.03%	+10.3%
ELY	Buy	TOPGOLF CALLAWAY BRANDS CORP	$1,246,482	-27.4%	90,064	+4.2%	0.98%	-22.9%
C	Sell	CITIGROUP INC	$1,078,211	-11.8%	26,215	-1.2%	0.85%	-6.3%
MGM	Sell	MGM RESORTS INTERNATIONAL	$954,143	-19.5%	25,956	-3.8%	0.75%	-14.6%
MWA	Buy	MUELLER WTR PRODS INC	$949,152	-21.9%	74,854	+0.0%	0.74%	-17.1%
LH	Buy	LABORATORY CORP AMER HLDGS	$762,181	-15.9%	3,791	+0.9%	0.60%	-10.9%
BEN	Sell	FRANKLIN RESOURCES INC	$748,741	-13.6%	30,461	-6.2%	0.59%	-8.3%
AXP	Sell	AMERICAN EXPRESS CO	$728,656	-23.4%	4,884	-10.5%	0.57%	-18.6%
WEN	Sell	WENDYS CO	$684,183	-9.3%	33,522	-3.3%	0.54%	-3.8%
AAPL	Sell	APPLE INC	$578,861	-19.3%	3,381	-8.5%	0.45%	-14.3%
CB	Buy	CHUBB LIMITED	$559,803	+14.1%	2,689	+5.5%	0.44%	+21.2%
IAC	Buy	IAC INC	$542,851	-1.8%	10,773	+22.4%	0.43%	+4.2%
ENR	Sell	ENERGIZER HLDGS INC NEW	$539,008	-5.9%	16,823	-1.3%	0.42%	-0.2%
	New	HOWARD HUGHES HOLDINGS INC	$474,506	–	6,401	–	0.37%	–
MKL	Buy	MARKEL GROUP INC	$456,472	+29.4%	310	+21.6%	0.36%	+37.2%
MRK	Sell	MERCK & CO INC	$453,727	-10.9%	4,407	-0.1%	0.36%	-5.6%
GOOG	Sell	ALPHABET INCcap stk cl c	$420,601	+6.8%	3,190	-2.0%	0.33%	+13.4%
NWL	Sell	NEWELL BRANDS INC	$416,680	+1.3%	46,144	-2.4%	0.33%	+7.6%
CNDT	Sell	CONDUENT INC	$389,607	-6.3%	111,956	-8.5%	0.31%	-0.6%
HBI	Sell	HANESBRANDS INC	$364,352	-21.2%	92,008	-9.7%	0.29%	-16.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$359,635	-14.4%	11,096	-1.8%	0.28%	-9.3%
GD	Buy	GENERAL DYNAMICS CORP	$358,192	+13.9%	1,621	+10.9%	0.28%	+20.6%
MDT	Buy	MEDTRONIC PLC	$355,363	+3.7%	4,535	+16.6%	0.28%	+9.8%
DD	Sell	DUPONT DE NEMOURS INC	$321,259	+4.2%	4,307	-0.2%	0.25%	+10.5%
GLW	Sell	CORNING INC	$300,587	-13.9%	9,865	-1.0%	0.24%	-8.5%
AIG	Buy	AMERICAN INTL GROUP INC	$245,248	+8.5%	4,047	+3.1%	0.19%	+15.6%
	New	MASTERBRAND INC	$226,282	–	18,624	–	0.18%	–
LEVI	Sell	LEVI STRAUSS & CO NEW	$221,544	-25.1%	16,314	-20.4%	0.17%	-20.5%
WSO	Buy	WATSCO INC	$221,344	+0.6%	586	+1.6%	0.17%	+6.7%
SO	Buy	SOUTHERN CO	$217,783	-5.1%	3,365	+3.1%	0.17%	+0.6%
WU	Sell	WESTERN UN CO	$211,915	+4.7%	16,079	-6.8%	0.17%	+10.7%
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,085	–	-0.15%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-4,821	–	-0.28%	–
BATRK	Exit	LIBERTY MEDIA CORP DEL	$0	–	-45,477	–	-1.33%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$17,274,023	–	50,725	–	12.78%	–
HD	New	HOME DEPOT INC	$9,047,579	–	29,126	–	6.69%	–
AMP	New	AMERIPRISE FINL INC	$8,630,124	–	25,982	–	6.38%	–
JPM	New	JPMORGAN CHASE & CO	$8,432,305	–	57,978	–	6.24%	–
BAC	New	BANK AMERICA CORP	$4,764,046	–	166,052	–	3.52%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,349,171	–	104,673	–	3.22%	–
MSGS	New	MADISON SQUARE GRDN SPRT CORcl a	$4,322,932	–	22,988	–	3.20%	–
UBER	New	UBER TECHNOLOGIES INC	$4,218,745	–	97,724	–	3.12%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,787,073	–	51,920	–	2.80%	–
PFE	New	PFIZER INC	$3,678,739	–	100,293	–	2.72%	–
CSCO	New	CISCO SYS INC	$3,360,335	–	64,947	–	2.49%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$3,272,433	–	18,256	–	2.42%	–
JNJ	New	JOHNSON & JOHNSON	$3,164,016	–	19,116	–	2.34%	–
DIS	New	DISNEY WALT CO	$3,082,166	–	34,522	–	2.28%	–
BK	New	BANK NEW YORK MELLON CORP	$2,717,488	–	61,040	–	2.01%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$2,030,532	–	32,390	–	1.50%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,018,568	–	31,565	–	1.49%	–
SYY	New	SYSCO CORP	$1,952,331	–	26,312	–	1.44%	–
INTC	New	INTEL CORP	$1,910,849	–	57,143	–	1.41%	–
MCD	New	MCDONALDS CORP	$1,854,320	–	6,214	–	1.37%	–
BATRK	New	LIBERTY MEDIA CORP DEL	$1,801,799	–	45,477	–	1.33%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$1,799,293	–	9,795	–	1.33%	–
ELY	New	TOPGOLF CALLAWAY BRANDS CORP	$1,716,305	–	86,464	–	1.27%	–
TGT	New	TARGET CORP	$1,707,279	–	12,944	–	1.26%	–
	New	WARNER BROS DISCOVERY INC	$1,652,020	–	131,740	–	1.22%	–
	New	MADISON SQUARE GARDEN ENTMT	$1,621,493	–	48,230	–	1.20%	–
CVS	New	CVS HEALTH CORP	$1,597,183	–	23,104	–	1.18%	–
KO	New	COCA COLA CO	$1,569,436	–	26,062	–	1.16%	–
EBAY	New	EBAY INC.	$1,546,557	–	34,606	–	1.14%	–
MSGE	New	SPHERE ENTERTAINMENT COcl a	$1,296,368	–	47,330	–	0.96%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,260,346	–	7,609	–	0.93%	–
C	New	CITIGROUP INC	$1,222,132	–	26,545	–	0.90%	–
MWA	New	MUELLER WTR PRODS INC	$1,214,837	–	74,851	–	0.90%	–
MGM	New	MGM RESORTS INTERNATIONAL	$1,185,006	–	26,981	–	0.88%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,144,452	–	9,561	–	0.85%	–
GOLF	New	ACUSHNET HLDGS CORP	$1,105,903	–	20,225	–	0.82%	–
WM	New	WASTE MGMT INC DEL	$1,103,128	–	6,361	–	0.82%	–
AXP	New	AMERICAN EXPRESS CO	$950,798	–	5,458	–	0.70%	–
LH	New	LABORATORY CORP AMER HLDGS	$906,435	–	3,756	–	0.67%	–
BEN	New	FRANKLIN RESOURCES INC	$867,043	–	32,461	–	0.64%	–
WEN	New	WENDYS CO	$754,167	–	34,674	–	0.56%	–
AAPL	New	APPLE INC	$716,913	–	3,696	–	0.53%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$657,789	–	1,929	–	0.49%	–
ENR	New	ENERGIZER HLDGS INC NEW	$572,609	–	17,052	–	0.42%	–
IAC	New	IAC INC	$552,828	–	8,803	–	0.41%	–
MRK	New	MERCK & CO INC	$509,130	–	4,412	–	0.38%	–
ANGI	New	ANGI INC	$505,963	–	153,322	–	0.37%	–
CB	New	CHUBB LIMITED	$490,650	–	2,548	–	0.36%	–
HBI	New	HANESBRANDS INC	$462,472	–	101,866	–	0.34%	–
TSQ	New	TOWNSQUARE MEDIA INCcl a	$460,476	–	38,663	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$420,114	–	11,296	–	0.31%	–
CNDT	New	CONDUENT INC	$415,786	–	122,290	–	0.31%	–
NWL	New	NEWELL BRANDS INC	$411,214	–	47,266	–	0.30%	–
GOOG	New	ALPHABET INCcap stk cl c	$393,757	–	3,255	–	0.29%	–
HHC	New	HOWARD HUGHES CORP	$380,473	–	4,821	–	0.28%	–
NWSA	New	NEWS CORP NEWcl a	$363,792	–	18,656	–	0.27%	–
EPC	New	EDGEWELL PERS CARE CO	$362,413	–	8,773	–	0.27%	–
MKL	New	MARKEL GROUP INC	$352,711	–	255	–	0.26%	–
GLW	New	CORNING INC	$349,174	–	9,965	–	0.26%	–
MDT	New	MEDTRONIC PLC	$342,709	–	3,890	–	0.25%	–
SCHW	New	SCHWAB CHARLES CORP	$336,396	–	5,935	–	0.25%	–
GD	New	GENERAL DYNAMICS CORP	$314,549	–	1,462	–	0.23%	–
DD	New	DUPONT DE NEMOURS INC	$308,264	–	4,315	–	0.23%	–
KMB	New	KIMBERLY-CLARK CORP	$296,829	–	2,150	–	0.22%	–
LEVI	New	LEVI STRAUSS & CO NEW	$295,887	–	20,505	–	0.22%	–
AXTA	New	AXALTA COATING SYS LTD	$268,681	–	8,189	–	0.20%	–
NDAQ	New	NASDAQ INC	$266,498	–	5,346	–	0.20%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$239,736	–	1,792	–	0.18%	–
SBUX	New	STARBUCKS CORP	$234,376	–	2,366	–	0.17%	–
SO	New	SOUTHERN CO	$229,366	–	3,265	–	0.17%	–
AIG	New	AMERICAN INTL GROUP INC	$225,960	–	3,927	–	0.17%	–
UNF	New	UNIFIRST CORP MASS	$223,524	–	1,442	–	0.16%	–
WSO	New	WATSCO INC	$220,108	–	577	–	0.16%	–
	New	GXO LOGISTICS INCORPORATED	$216,917	–	3,453	–	0.16%	–
GPN	New	GLOBAL PMTS INC	$209,355	–	2,125	–	0.16%	–
PYPL	New	PAYPAL HLDGS INC	$205,862	–	3,085	–	0.15%	–
WU	New	WESTERN UN CO	$202,432	–	17,258	–	0.15%	–
STKL	New	SUNOPTA INC	$192,378	–	28,756	–	0.14%	–
TPHS	New	TRINITY PL HLDGS INC	$48,406	–	89,640	–	0.04%	–
QRTEA	New	QURATE RETAIL INC	$24,128	–	24,377	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
TZOO	Exit	TRAVELZOO	$0	–	-19,350	–	-0.07%	–
JBLU	Exit	JETBLUE AWYS CORP	$0	–	-13,455	–	-0.07%	–
VTRS	Exit	VIATRIS INC	$0	–	-11,391	–	-0.08%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-50,226	–	-0.08%	–
TPHS	Exit	TRINITY PL HLDGS INC	$0	–	-124,507	–	-0.09%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,376	–	-0.16%	–
DBX	Exit	DROPBOX INCcl a	$0	–	-9,975	–	-0.17%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,792	–	-0.18%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-3,867	–	-0.18%	–
SO	Exit	SOUTHERN CO	$0	–	-3,265	–	-0.18%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-3,350	–	-0.20%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,150	–	-0.20%	–
FOXA	Exit	FOX CORP	$0	–	-8,019	–	-0.20%	–
WSO	Exit	WATSCO INC	$0	–	-982	–	-0.21%	–
STKL	Exit	SUNOPTA INC	$0	–	-29,346	–	-0.22%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,140	–	-0.22%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-11,956	–	-0.22%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,900	–	-0.23%	–
GM	Exit	GENERAL MTRS CO	$0	–	-8,800	–	-0.23%	–
GLW	Exit	CORNING INC	$0	–	-9,765	–	-0.23%	–
LSXMA	Exit	LIBERTY MEDIA CORP DEL	$0	–	-7,684	–	-0.24%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-19,907	–	-0.25%	–
TWNK	Exit	HOSTESS BRANDS INCcl a	$0	–	-14,185	–	-0.27%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-9,400	–	-0.29%	–
NDAQ	Exit	NASDAQ INC	$0	–	-6,282	–	-0.29%	–
TSQ	Exit	TOWNSQUARE MEDIA INCcl a	$0	–	-52,977	–	-0.32%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-8,035	–	-0.33%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-4,826	–	-0.36%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-21,053	–	-0.36%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-17,840	–	-0.37%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,431	–	-0.39%	–
UNF	Exit	UNIFIRST CORP MASS	$0	–	-2,884	–	-0.40%	–
AAPL	Exit	APPLE INC	$0	–	-3,696	–	-0.42%	–
ANGI	Exit	ANGI INC	$0	–	-174,355	–	-0.42%	–
LEVI	Exit	LEVI STRAUSS & CO NEW	$0	–	-36,562	–	-0.44%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-2,504	–	-0.44%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-5,799	–	-0.46%	–
WU	Exit	WESTERN UN CO	$0	–	-42,876	–	-0.48%	–
WEN	Exit	WENDYS CO	$0	–	-36,468	–	-0.56%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-50,060	–	-0.57%	–
IAC	Exit	IAC INC	$0	–	-12,581	–	-0.57%	–
CNDT	Exit	CONDUENT INC	$0	–	-208,714	–	-0.57%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-5,492	–	-0.61%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-27,300	–	-0.67%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-3,059	–	-0.67%	–
CB	Exit	CHUBB LIMITED	$0	–	-4,505	–	-0.68%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-4,211	–	-0.71%	–
GOLF	Exit	ACUSHNET HLDGS CORP	$0	–	-20,645	–	-0.74%	–
MRK	Exit	MERCK & CO INC	$0	–	-10,810	–	-0.77%	–
MWA	Exit	MUELLER WTR PRODS INC	$0	–	-91,937	–	-0.78%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-43,894	–	-0.78%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-6,531	–	-0.86%	–
ELY	Exit	TOPGOLF CALLAWAY BRANDS CORP	$0	–	-57,279	–	-0.91%	–
C	Exit	CITIGROUP INC	$0	–	-26,672	–	-0.92%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-8,064	–	-0.96%	–
SMG	Exit	SCOTTS MIRACLE-GRO COcl a	$0	–	-28,494	–	-1.00%	–
HBI	Exit	HANESBRANDS INC	$0	–	-182,233	–	-1.04%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-119,110	–	-1.13%	–
EBAY	Exit	EBAY INC.	$0	–	-37,857	–	-1.15%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,309	–	-1.20%	–
INTC	Exit	INTEL CORP	$0	–	-57,661	–	-1.22%	–
BATRK	Exit	LIBERTY MEDIA CORP DEL	$0	–	-54,977	–	-1.24%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-11,367	–	-1.31%	–
KO	Exit	COCA COLA CO	$0	–	-29,549	–	-1.36%	–
TGT	Exit	TARGET CORP	$0	–	-13,786	–	-1.68%	–
SYY	Exit	SYSCO CORP	$0	–	-30,631	–	-1.78%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-31,726	–	-1.86%	–
MSGE	Exit	MADISON SQUARE GRDN ENTERTNMcl a	$0	–	-53,839	–	-1.96%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-63,019	–	-2.00%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-25,729	–	-2.02%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-100,890	–	-2.20%	–
CSCO	Exit	CISCO SYS INC	$0	–	-72,182	–	-2.38%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-53,344	–	-2.41%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-18,408	–	-2.45%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-19,189	–	-2.58%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-108,263	–	-2.62%	–
DIS	Exit	DISNEY WALT CO	$0	–	-36,726	–	-2.85%	–
MSGS	Exit	MADISON SQUARE GRDN SPRT CORcl a	$0	–	-25,494	–	-2.87%	–
PFE	Exit	PFIZER INC	$0	–	-102,736	–	-3.70%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-172,597	–	-4.29%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-60,153	–	-5.18%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-26,385	–	-5.48%	–
HD	Exit	HOME DEPOT INC	$0	–	-30,084	–	-6.84%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-51,608	–	-9.90%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$12,019,000	-11.8%	51,608	-2.8%	9.90%	-12.0%
HD	Buy	HOME DEPOT INC	$8,301,000	+4.4%	30,084	+3.7%	6.84%	+4.1%
AMP	Buy	AMERIPRISE FINL INC	$6,648,000	+7.5%	26,385	+1.4%	5.48%	+7.3%
JPM	Buy	JPMORGAN CHASE & CO	$6,286,000	-2.8%	60,153	+4.7%	5.18%	-3.0%
BAC	Buy	BK OF AMERICA CORP	$5,212,000	+8.7%	172,597	+12.0%	4.29%	+8.4%
PFE	Buy	PFIZER INC	$4,496,000	-11.8%	102,736	+5.6%	3.70%	-12.0%
MSGS	Buy	MADISON SQUARE GRDN SPRT CORcl a	$3,484,000	-0.4%	25,494	+10.1%	2.87%	-0.6%
DIS	Buy	DISNEY WALT CO	$3,464,000	+8.9%	36,726	+9.0%	2.85%	+8.7%
CMCSA	Buy	COMCAST CORP NEWcl a	$3,175,000	-18.8%	108,263	+8.6%	2.62%	-19.0%
JNJ	Buy	JOHNSON & JOHNSON	$3,135,000	-7.7%	19,189	+0.3%	2.58%	-7.9%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$2,974,000	-10.9%	18,408	+0.7%	2.45%	-11.1%
MDLZ	Buy	MONDELEZ INTL INCcl a	$2,925,000	-10.3%	53,344	+1.5%	2.41%	-10.5%
CSCO	Buy	CISCO SYS INC	$2,887,000	+8.8%	72,182	+16.0%	2.38%	+8.5%
UBER	Buy	UBER TECHNOLOGIES INC	$2,674,000	+44.7%	100,890	+11.7%	2.20%	+44.4%
CVS	Buy	CVS HEALTH CORP	$2,454,000	+21.3%	25,729	+17.9%	2.02%	+21.0%
BK	Sell	BANK NEW YORK MELLON CORP	$2,427,000	-8.2%	63,019	-0.6%	2.00%	-8.4%
MSGE	Buy	MADISON SQUARE GRDN ENTERTNMcl a	$2,374,000	-8.9%	53,839	+8.7%	1.96%	-9.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,255,000	-7.8%	31,726	-0.2%	1.86%	-8.1%
SYY	Buy	SYSCO CORP	$2,166,000	-5.1%	30,631	+13.7%	1.78%	-5.3%
TGT	Buy	TARGET CORP	$2,046,000	+17.7%	13,786	+12.0%	1.68%	+17.4%
KO	Buy	COCA COLA CO	$1,655,000	-2.8%	29,549	+9.2%	1.36%	-3.1%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$1,593,000	+18.8%	11,367	+15.3%	1.31%	+18.5%
BATRK	Buy	LIBERTY MEDIA CORP DEL	$1,512,000	+36.5%	54,977	+19.1%	1.24%	+36.1%
INTC	Buy	INTEL CORP	$1,486,000	-30.4%	57,661	+1.1%	1.22%	-30.5%
EBAY	Buy	EBAY INC.	$1,394,000	-7.6%	37,857	+4.6%	1.15%	-7.9%
	Buy	WARNER BROS DISCOVERY INC	$1,370,000	+8.6%	119,110	+26.7%	1.13%	+8.4%
HBI	Buy	HANESBRANDS INC	$1,268,000	-16.2%	182,233	+23.8%	1.04%	-16.5%
SMG	Buy	SCOTTS MIRACLE-GRO COcl a	$1,218,000	-38.1%	28,494	+14.4%	1.00%	-38.2%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$1,164,000	+5.1%	8,064	+3.9%	0.96%	+4.9%
ELY	Buy	TOPGOLF CALLAWAY BRANDS CORP	$1,103,000	+22.1%	57,279	+29.4%	0.91%	+21.9%
BEN	Buy	FRANKLIN RESOURCES INC	$945,000	-1.2%	43,894	+7.1%	0.78%	-1.4%
MWA	Buy	MUELLER WTR PRODS INC	$944,000	+6.3%	91,937	+21.4%	0.78%	+6.0%
MRK	Buy	MERCK & CO INC	$931,000	+33.0%	10,810	+40.7%	0.77%	+32.7%
LH	Buy	LABORATORY CORP AMER HLDGS	$862,000	+49.4%	4,211	+71.1%	0.71%	+49.2%
CB	Buy	CHUBB LIMITED	$819,000	+42.9%	4,505	+54.5%	0.68%	+42.7%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$817,000	+75.7%	3,059	+79.7%	0.67%	+75.3%
MGM	Buy	MGM RESORTS INTERNATIONAL	$811,000	+5.3%	27,300	+2.6%	0.67%	+5.0%
AXP	Buy	AMERICAN EXPRESS CO	$741,000	+3.5%	5,492	+6.3%	0.61%	+3.2%
CNDT	Sell	CONDUENT INC	$697,000	-25.1%	208,714	-3.0%	0.57%	-25.3%
IAC	Buy	IAC INC	$697,000	+6.9%	12,581	+46.6%	0.57%	+6.7%
NWL	Buy	NEWELL BRANDS INC	$695,000	-27.1%	50,060	+0.0%	0.57%	-27.3%
WEN	Buy	WENDYS CO	$682,000	-0.1%	36,468	+0.9%	0.56%	-0.4%
WU	Buy	WESTERN UN CO	$579,000	-4.1%	42,876	+17.0%	0.48%	-4.4%
GOOGL	Buy	ALPHABET INCcap stk cl a	$555,000	+82.0%	5,799	+4042.1%	0.46%	+81.3%
GD	Buy	GENERAL DYNAMICS CORP	$531,000	+49.6%	2,504	+56.1%	0.44%	+49.1%
LEVI	Buy	LEVI STRAUSS & CO NEW	$529,000	+49.9%	36,562	+69.1%	0.44%	+49.8%
ANGI	Buy	ANGI INC	$514,000	-18.7%	174,355	+26.4%	0.42%	-19.0%
UNF	Buy	UNIFIRST CORP MASS	$485,000	+73.2%	2,884	+77.0%	0.40%	+72.7%
VZ	Buy	VERIZON COMMUNICATIONS INC	$472,000	-17.9%	12,431	+9.7%	0.39%	-18.1%
ENR	Buy	ENERGIZER HLDGS INC NEW	$449,000	-10.0%	17,840	+1.3%	0.37%	-10.2%
AXTA	Buy	AXALTA COATING SYS LTD	$443,000	+50.2%	21,053	+57.7%	0.36%	+49.6%
MHK	Buy	MOHAWK INDS INC	$440,000	+18.3%	4,826	+61.1%	0.36%	+17.9%
DD	Buy	DUPONT DE NEMOURS INC	$405,000	+53.4%	8,035	+69.3%	0.33%	+53.2%
TSQ	Buy	TOWNSQUARE MEDIA INCcl a	$385,000	+23.4%	52,977	+38.9%	0.32%	+22.9%
NDAQ	Buy	NASDAQ INC	$356,000	+11.6%	6,282	+200.0%	0.29%	+11.4%
TWNK	New	HOSTESS BRANDS INCcl a	$330,000	–	14,185	–	0.27%	–
NWSA	Buy	NEWS CORP NEWcl a	$301,000	+29.7%	19,907	+33.5%	0.25%	+29.8%
LSXMA	New	LIBERTY MEDIA CORP DEL	$293,000	–	7,684	–	0.24%	–
GLW	Buy	CORNING INC	$283,000	-1.7%	9,765	+6.7%	0.23%	-2.1%
GM	New	GENERAL MTRS CO	$282,000	–	8,800	–	0.23%	–
GOOG	Buy	ALPHABET INCcap stk cl c	$279,000	-12.0%	2,900	+1900.0%	0.23%	-12.2%
UNVR	Buy	UNIVAR SOLUTIONS INC	$272,000	-6.2%	11,956	+2.6%	0.22%	-6.3%
STKL	Sell	SUNOPTA INC	$267,000	+16.1%	29,346	-0.8%	0.22%	+15.8%
WSO	New	WATSCO INC	$253,000	–	982	–	0.21%	–
FOXA	New	FOX CORP	$246,000	–	8,019	–	0.20%	–
DBX	New	DROPBOX INCcl a	$207,000	–	9,975	–	0.17%	–
SBUX	New	STARBUCKS CORP	$200,000	–	2,376	–	0.16%	–
QRTEA	Sell	QURATE RETAIL INC	$101,000	-47.9%	50,226	-25.7%	0.08%	-48.1%
VTRS	Buy	VIATRIS INC	$97,000	-18.5%	11,391	+0.4%	0.08%	-18.4%
TZOO	Buy	TRAVELZOO	$86,000	+14.7%	19,350	+56.7%	0.07%	+14.5%
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-3,927	–	-0.17%	–
HMTV	Exit	HEMISPHERE MEDIA GROUP INCcl a	$0	–	-27,801	–	-0.18%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-9,200	–	-0.22%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$13,633,000	–	53,081	–	11.25%	–
HD	New	HOME DEPOT INC	$7,954,000	–	29,000	–	6.56%	–
JPM	New	JPMORGAN CHASE & CO	$6,468,000	–	57,437	–	5.34%	–
AMP	New	AMERIPRISE FINL INC	$6,183,000	–	26,014	–	5.10%	–
PFE	New	PFIZER INC	$5,100,000	–	97,271	–	4.21%	–
BAC	New	BK OF AMERICA CORP	$4,796,000	–	154,055	–	3.96%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,912,000	–	99,690	–	3.23%	–
MSGS	New	MADISON SQUARE GRDN SPRT CORcl a	$3,498,000	–	23,164	–	2.89%	–
JNJ	New	JOHNSON & JOHNSON	$3,397,000	–	19,138	–	2.80%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$3,336,000	–	18,277	–	2.75%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,262,000	–	52,542	–	2.69%	–
DIS	New	DISNEY WALT CO	$3,180,000	–	33,688	–	2.62%	–
CSCO	New	CISCO SYS INC	$2,654,000	–	62,249	–	2.19%	–
BK	New	BANK NEW YORK MELLON CORP	$2,645,000	–	63,424	–	2.18%	–
MSGE	New	MADISON SQUARE GRDN ENTERTNMcl a	$2,606,000	–	49,521	–	2.15%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,447,000	–	31,775	–	2.02%	–
SYY	New	SYSCO CORP	$2,283,000	–	26,946	–	1.88%	–
INTC	New	INTEL CORP	$2,135,000	–	57,057	–	1.76%	–
CVS	New	CVS HEALTH CORP	$2,023,000	–	21,831	–	1.67%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$1,967,000	–	24,897	–	1.62%	–
UBER	New	UBER TECHNOLOGIES INC	$1,848,000	–	90,324	–	1.52%	–
TGT	New	TARGET CORP	$1,739,000	–	12,313	–	1.44%	–
KO	New	COCA COLA CO	$1,703,000	–	27,068	–	1.41%	–
MCD	New	MCDONALDS CORP	$1,558,000	–	6,309	–	1.29%	–
HBI	New	HANESBRANDS INC	$1,514,000	–	147,155	–	1.25%	–
EBAY	New	EBAY INC.	$1,509,000	–	36,206	–	1.25%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$1,341,000	–	9,861	–	1.11%	–
	New	WARNER BROS DISCOVERY INC	$1,261,000	–	93,995	–	1.04%	–
C	New	CITIGROUP INC	$1,227,000	–	26,672	–	1.01%	–
BATRK	New	LIBERTY MEDIA CORP DEL	$1,108,000	–	46,147	–	0.92%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,107,000	–	7,763	–	0.91%	–
WM	New	WASTE MGMT INC DEL	$999,000	–	6,531	–	0.82%	–
BEN	New	FRANKLIN RESOURCES INC	$956,000	–	40,994	–	0.79%	–
NWL	New	NEWELL BRANDS INC	$953,000	–	50,055	–	0.79%	–
CNDT	New	CONDUENT INC	$930,000	–	215,183	–	0.77%	–
ELY	New	CALLAWAY GOLF CO	$903,000	–	44,279	–	0.74%	–
MWA	New	MUELLER WTR PRODS INC	$888,000	–	75,714	–	0.73%	–
GOLF	New	ACUSHNET HLDGS CORP	$860,000	–	20,645	–	0.71%	–
MGM	New	MGM RESORTS INTERNATIONAL	$770,000	–	26,600	–	0.64%	–
AXP	New	AMERICAN EXPRESS CO	$716,000	–	5,167	–	0.59%	–
MRK	New	MERCK & CO INC	$700,000	–	7,683	–	0.58%	–
WEN	New	WENDYS CO	$683,000	–	36,157	–	0.56%	–
IAC	New	IAC INTERACTIVECORP NEW	$652,000	–	8,581	–	0.54%	–
ANGI	New	ANGI INC	$632,000	–	137,885	–	0.52%	–
WU	New	WESTERN UN CO	$604,000	–	36,659	–	0.50%	–
LH	New	LABORATORY CORP AMER HLDGS	$577,000	–	2,461	–	0.48%	–
VZ	New	VERIZON COMMUNICATIONS INC	$575,000	–	11,331	–	0.48%	–
CB	New	CHUBB LIMITED	$573,000	–	2,915	–	0.47%	–
AAPL	New	APPLE INC	$505,000	–	3,696	–	0.42%	–
ENR	New	ENERGIZER HLDGS INC NEW	$499,000	–	17,609	–	0.41%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$465,000	–	1,702	–	0.38%	–
MHK	New	MOHAWK INDS INC	$372,000	–	2,996	–	0.31%	–
GD	New	GENERAL DYNAMICS CORP	$355,000	–	1,604	–	0.29%	–
LEVI	New	LEVI STRAUSS & CO NEW	$353,000	–	21,622	–	0.29%	–
EPC	New	EDGEWELL PERS CARE CO	$324,000	–	9,400	–	0.27%	–
NDAQ	New	NASDAQ INC	$319,000	–	2,094	–	0.26%	–
GOOG	New	ALPHABET INCcap stk cl c	$317,000	–	145	–	0.26%	–
TSQ	New	TOWNSQUARE MEDIA INCcl a	$312,000	–	38,142	–	0.26%	–
GOOGL	New	ALPHABET INCcap stk cl a	$305,000	–	140	–	0.25%	–
AXTA	New	AXALTA COATING SYS LTD	$295,000	–	13,353	–	0.24%	–
KMB	New	KIMBERLY-CLARK CORP	$291,000	–	2,150	–	0.24%	–
UNVR	New	UNIVAR SOLUTIONS INC	$290,000	–	11,656	–	0.24%	–
GLW	New	CORNING INC	$288,000	–	9,155	–	0.24%	–
UNF	New	UNIFIRST CORP MASS	$280,000	–	1,629	–	0.23%	–
AMCX	New	AMC NETWORKS INCcl a	$268,000	–	9,200	–	0.22%	–
DD	New	DUPONT DE NEMOURS INC	$264,000	–	4,745	–	0.22%	–
HHC	New	HOWARD HUGHES CORP	$263,000	–	3,867	–	0.22%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$253,000	–	1,792	–	0.21%	–
SO	New	SOUTHERN CO	$233,000	–	3,265	–	0.19%	–
NWSA	New	NEWS CORP NEWcl a	$232,000	–	14,907	–	0.19%	–
STKL	New	SUNOPTA INC	$230,000	–	29,596	–	0.19%	–
PYPL	New	PAYPAL HLDGS INC	$219,000	–	3,140	–	0.18%	–
SCHW	New	SCHWAB CHARLES CORP	$212,000	–	3,350	–	0.18%	–
HMTV	New	HEMISPHERE MEDIA GROUP INCcl a	$212,000	–	27,801	–	0.18%	–
AIG	New	AMERICAN INTL GROUP INC	$201,000	–	3,927	–	0.17%	–
QRTEA	New	QURATE RETAIL INC	$194,000	–	67,591	–	0.16%	–
TPHS	New	TRINITY PL HLDGS INC	$126,000	–	124,507	–	0.10%	–
VTRS	New	VIATRIS INC	$119,000	–	11,341	–	0.10%	–
JBLU	New	JETBLUE AWYS CORP	$113,000	–	13,455	–	0.09%	–
TZOO	New	TRAVELZOO	$75,000	–	12,350	–	0.06%	–

Q4 2021

			Value		Shares		↓ Weighting
TZOO	Exit	TRAVELZOO	$0	–	-12,350	–	-0.09%	–
VTRS	Exit	VIATRIS INC	$0	–	-12,302	–	-0.11%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-4,492	–	-0.13%	–
STKL	Exit	SUNOPTA INC	$0	–	-22,607	–	-0.13%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE	$0	–	-1,290	–	-0.13%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-3,927	–	-0.14%	–
LSXMA	Exit	LIBERTY MEDIA CORP DEL	$0	–	-4,636	–	-0.14%	–
JBLU	Exit	JETBLUE AWYS CORP	$0	–	-14,955	–	-0.15%	–
UNF	Exit	UNIFIRST CORP MASS	$0	–	-1,091	–	-0.15%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-3,445	–	-0.15%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,194	–	-0.16%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-3,350	–	-0.16%	–
VMEO	Exit	VIMEO INC	$0	–	-8,416	–	-0.16%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,792	–	-0.16%	–
TPHS	Exit	TRINITY PL HLDGS INC	$0	–	-128,270	–	-0.16%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-11,116	–	-0.18%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,150	–	-0.19%	–
FOXA	Exit	FOX CORP	$0	–	-7,177	–	-0.19%	–
HMTV	Exit	HEMISPHERE MEDIA GROUP INCcl a	$0	–	-23,951	–	-0.19%	–
GLW	Exit	CORNING INC	$0	–	-7,985	–	-0.19%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-10,087	–	-0.19%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-3,555	–	-0.21%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,608	–	-0.21%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-13,577	–	-0.21%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-123	–	-0.22%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-9,227	–	-0.22%	–
LEVI	Exit	LEVI STRAUSS & CO NEW	$0	–	-15,127	–	-0.24%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,456	–	-0.26%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-8,513	–	-0.26%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-160	–	-0.28%	–
TSQ	Exit	TOWNSQUARE MEDIA INCcl a	$0	–	-36,327	–	-0.31%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-2,710	–	-0.32%	–
CB	Exit	CHUBB LIMITED	$0	–	-2,798	–	-0.32%	–
MRK	Exit	MERCK & CO INC	$0	–	-6,513	–	-0.32%	–
NDAQ	Exit	NASDAQ INC	$0	–	-2,769	–	-0.35%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-54,450	–	-0.37%	–
AAPL	Exit	APPLE INC	$0	–	-3,996	–	-0.37%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-2,296	–	-0.43%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,155	–	-0.43%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-18,024	–	-0.46%	–
WU	Exit	WESTERN UN CO	$0	–	-38,261	–	-0.51%	–
WEN	Exit	WENDYS CO	$0	–	-37,041	–	-0.53%	–
IAC	Exit	IAC INTERACTIVECORP NEW	$0	–	-6,762	–	-0.58%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,500	–	-0.60%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-5,968	–	-0.66%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-7,066	–	-0.70%	–
BATRK	Exit	LIBERTY MEDIA CORP DEL	$0	–	-40,789	–	-0.71%	–
ELY	Exit	CALLAWAY GOLF CO	$0	–	-39,091	–	-0.71%	–
MWA	Exit	MUELLER WTR PRODS INC	$0	–	-72,576	–	-0.73%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-50,002	–	-0.73%	–
GOLF	Exit	ACUSHNET HLDGS CORP	$0	–	-24,099	–	-0.74%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-26,465	–	-0.75%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-42,370	–	-0.83%	–
KO	Exit	COCA COLA CO	$0	–	-24,571	–	-0.85%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-8,163	–	-0.90%	–
ANGI	Exit	ANGI INC	$0	–	-115,614	–	-0.94%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-10,298	–	-1.00%	–
CNDT	Exit	CONDUENT INC	$0	–	-234,102	–	-1.02%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,695	–	-1.06%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-21,338	–	-1.19%	–
C	Exit	CITIGROUP INC	$0	–	-26,711	–	-1.24%	–
DISCK	Exit	DISCOVERY INC	$0	–	-84,186	–	-1.35%	–
SYY	Exit	SYSCO CORP	$0	–	-26,057	–	-1.35%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-34,785	–	-1.36%	–
TWTR	Exit	TWITTER INC	$0	–	-37,781	–	-1.50%	–
HBI	Exit	HANESBRANDS INC	$0	–	-133,865	–	-1.51%	–
EBAY	Exit	EBAY INC.	$0	–	-40,929	–	-1.88%	–
TGT	Exit	TARGET CORP	$0	–	-13,244	–	-2.00%	–
INTC	Exit	INTEL CORP	$0	–	-60,581	–	-2.13%	–
CSCO	Exit	CISCO SYS INC	$0	–	-61,713	–	-2.21%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-58,393	–	-2.24%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-65,698	–	-2.24%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-21,105	–	-2.25%	–
MSGE	Exit	MADISON SQUARE GRDN ENTERTNMcl a	$0	–	-47,691	–	-2.28%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-19,489	–	-2.34%	–
SMG	Exit	SCOTTS MIRACLE-GRO COcl a	$0	–	-24,498	–	-2.36%	–
MSGS	Exit	MADISON SQUARE GRDN SPRT CORcl a	$0	–	-21,500	–	-2.63%	–
PFE	Exit	PFIZER INC	$0	–	-103,542	–	-2.93%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-97,905	–	-3.61%	–
DIS	Exit	DISNEY WALT CO	$0	–	-32,615	–	-3.64%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-157,262	–	-4.40%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-25,916	–	-4.51%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-59,756	–	-6.44%	–
HD	Exit	HOME DEPOT INC	$0	–	-30,095	–	-6.51%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-55,450	–	-10.30%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$15,632,000	+3.0%	55,450	-1.0%	10.30%	+5.4%
HD	Sell	HOME DEPOT INC	$9,879,000	+2.1%	30,095	-0.8%	6.51%	+4.4%
JPM	Sell	JPMORGAN CHASE & CO	$9,781,000	+4.4%	59,756	-0.8%	6.44%	+6.7%
AMP	Sell	AMERIPRISE FINL INC	$6,845,000	+6.1%	25,916	-0.0%	4.51%	+8.5%
BAC	Sell	BK OF AMERICA CORP	$6,676,000	-2.3%	157,262	-5.1%	4.40%	-0.1%
DIS	Sell	DISNEY WALT CO	$5,518,000	-4.1%	32,615	-0.3%	3.64%	-1.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$5,476,000	-2.6%	97,905	-0.7%	3.61%	-0.4%
PFE	Sell	PFIZER INC	$4,453,000	+9.5%	103,542	-0.3%	2.93%	+11.9%
MSGS	Buy	MADISON SQUARE GRDN SPRT CORcl a	$3,998,000	+11.8%	21,500	+3.8%	2.63%	+14.3%
SMG	Buy	SCOTTS MIRACLE-GRO COcl a	$3,585,000	-14.0%	24,498	+12.8%	2.36%	-12.0%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$3,549,000	-12.9%	19,489	-0.5%	2.34%	-10.9%
MSGE	Buy	MADISON SQUARE GRDN ENTERTNMcl a	$3,466,000	+65.4%	47,691	+91.1%	2.28%	+69.1%
JNJ	Sell	JOHNSON & JOHNSON	$3,409,000	-2.2%	21,105	-0.2%	2.25%	+0.0%
BK	Sell	BANK NEW YORK MELLON CORP	$3,406,000	-0.6%	65,698	-1.7%	2.24%	+1.7%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,397,000	-7.4%	58,393	-0.6%	2.24%	-5.3%
CSCO	Sell	CISCO SYS INC	$3,359,000	+2.4%	61,713	-0.3%	2.21%	+4.7%
INTC	Sell	INTEL CORP	$3,228,000	-6.4%	60,581	-1.4%	2.13%	-4.3%
TGT	Sell	TARGET CORP	$3,030,000	-5.9%	13,244	-0.6%	2.00%	-3.8%
EBAY	Sell	EBAY INC.	$2,852,000	-3.4%	40,929	-2.6%	1.88%	-1.2%
HBI	Sell	HANESBRANDS INC	$2,297,000	-8.6%	133,865	-0.6%	1.51%	-6.6%
TWTR	Sell	TWITTER INC	$2,282,000	-12.8%	37,781	-0.7%	1.50%	-10.9%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,058,000	-11.7%	34,785	-0.2%	1.36%	-9.7%
SYY	Buy	SYSCO CORP	$2,045,000	+2.0%	26,057	+1.1%	1.35%	+4.3%
DISCK	Sell	DISCOVERY INC	$2,043,000	-16.7%	84,186	-0.6%	1.35%	-14.9%
C	Sell	CITIGROUP INC	$1,875,000	-1.9%	26,711	-1.1%	1.24%	+0.3%
CVS	Buy	CVS HEALTH CORP	$1,811,000	+3.9%	21,338	+2.2%	1.19%	+6.2%
CNDT	Sell	CONDUENT INC	$1,543,000	-14.3%	234,102	-2.5%	1.02%	-12.4%
ANGI	Buy	ANGI INC	$1,427,000	-8.0%	115,614	+0.8%	0.94%	-5.9%
KO	Sell	COCA COLA CO	$1,289,000	-3.4%	24,571	-0.3%	0.85%	-1.2%
BEN	Sell	FRANKLIN RESOURCES INC	$1,259,000	-9.2%	42,370	-2.3%	0.83%	-7.3%
MGM	Sell	MGM RESORTS INTERNATIONAL	$1,142,000	+0.4%	26,465	-0.7%	0.75%	+2.7%
GOLF	Sell	ACUSHNET HLDGS CORP	$1,125,000	-9.0%	24,099	-3.7%	0.74%	-6.9%
NWL	Sell	NEWELL BRANDS INC	$1,107,000	-21.1%	50,002	-2.1%	0.73%	-19.4%
MWA	Buy	MUELLER WTR PRODS INC	$1,105,000	+7.7%	72,576	+2.0%	0.73%	+10.1%
ELY	Buy	CALLAWAY GOLF CO	$1,080,000	-13.2%	39,091	+6.0%	0.71%	-11.2%
BATRK	Buy	LIBERTY MEDIA CORP DEL	$1,078,000	-2.2%	40,789	+2.8%	0.71%	0.0%
WM	Sell	WASTE MGMT INC DEL	$1,055,000	+5.1%	7,066	-1.4%	0.70%	+7.4%
IAC	Buy	IAC INTERACTIVECORP NEW	$881,000	-9.0%	6,762	+7.7%	0.58%	-7.1%
WEN	Sell	WENDYS CO	$803,000	-10.1%	37,041	-2.9%	0.53%	-8.0%
WU	Sell	WESTERN UN CO	$774,000	-15.9%	38,261	-4.5%	0.51%	-14.0%
ENR	Sell	ENERGIZER HLDGS INC NEW	$704,000	-9.5%	18,024	-0.4%	0.46%	-7.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$657,000	-4.9%	12,155	-1.5%	0.43%	-2.7%
QRTEA	Buy	QURATE RETAIL INC	$555,000	-4.6%	54,450	+22.5%	0.37%	-2.4%
NDAQ	Sell	NASDAQ INC	$534,000	-10.1%	2,769	-18.0%	0.35%	-8.1%
MRK	Buy	MERCK & CO INC	$489,000	+5.4%	6,513	+9.3%	0.32%	+7.7%
CB	Buy	CHUBB LIMITED	$485,000	+10.2%	2,798	+1.1%	0.32%	+12.7%
MHK	Buy	MOHAWK INDS INC	$481,000	+1.3%	2,710	+9.5%	0.32%	+3.6%
TSQ	Buy	TOWNSQUARE MEDIA INCcl a	$475,000	+7.5%	36,327	+4.9%	0.31%	+9.8%
GOOG	Sell	ALPHABET INCcap stk cl c	$426,000	-3.0%	160	-8.6%	0.28%	-0.7%
AMCX	Buy	AMC NETWORKS INCcl a	$397,000	-29.5%	8,513	+1.0%	0.26%	-27.8%
LEVI	Buy	LEVI STRAUSS & CO NEW	$371,000	-9.3%	15,127	+2.6%	0.24%	-7.2%
EPC	Sell	EDGEWELL PERS CARE CO	$335,000	-17.9%	9,227	-0.8%	0.22%	-16.0%
NWSA	Sell	NEWS CORP NEWcl a	$319,000	-21.4%	13,577	-13.7%	0.21%	-19.8%
GD	Buy	GENERAL DYNAMICS CORP	$315,000	+4.3%	1,608	+0.4%	0.21%	+6.2%
HHC	Sell	HOWARD HUGHES CORP	$312,000	-11.1%	3,555	-1.2%	0.21%	-8.8%
AXTA	Sell	AXALTA COATING SYS LTD	$294,000	-7.5%	10,087	-3.3%	0.19%	-5.4%
HMTV	Buy	HEMISPHERE MEDIA GROUP INCcl a	$292,000	+35.2%	23,951	+31.0%	0.19%	+38.1%
FOXA	Buy	FOX CORP	$288,000	+15.2%	7,177	+6.4%	0.19%	+18.0%
UNVR	Buy	UNIVAR SOLUTIONS INC	$265,000	+3.1%	11,116	+5.5%	0.18%	+5.4%
TPHS	Sell	TRINITY PL HLDGS INC	$251,000	-9.7%	128,270	-2.6%	0.16%	-7.8%
DD	Buy	DUPONT DE NEMOURS INC	$234,000	-7.5%	3,445	+5.4%	0.15%	-5.5%
UNF	Buy	UNIFIRST CORP MASS	$232,000	-4.9%	1,091	+4.8%	0.15%	-2.5%
JBLU	Sell	JETBLUE AWYS CORP	$229,000	-12.9%	14,955	-4.5%	0.15%	-10.7%
LSXMA	Buy	LIBERTY MEDIA CORP DEL	$219,000	+5.3%	4,636	+3.8%	0.14%	+7.5%
AIG	New	AMERICAN INTL GROUP INC	$216,000	–	3,927	–	0.14%	–
STKL	Buy	SUNOPTA INC	$202,000	-23.8%	22,607	+4.2%	0.13%	-22.2%
UBER	New	UBER TECHNOLOGIES INC	$201,000	–	4,492	–	0.13%	–
VTRS	Sell	VIATRIS INC	$167,000	-6.2%	12,302	-1.2%	0.11%	-4.3%
TZOO	Sell	TRAVELZOO	$143,000	-23.5%	12,350	-2.4%	0.09%	-21.7%
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-130,721	–	-1.23%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$15,172,000	–	56,007	–	9.77%	–
HD	New	HOME DEPOT INC	$9,672,000	–	30,330	–	6.23%	–
JPM	New	JPMORGAN CHASE & CO	$9,372,000	–	60,253	–	6.04%	–
BAC	New	BK OF AMERICA CORP	$6,834,000	–	165,749	–	4.40%	–
AMP	New	AMERIPRISE FINL INC	$6,450,000	–	25,917	–	4.16%	–
DIS	New	DISNEY WALT CO	$5,753,000	–	32,729	–	3.71%	–
CMCSA	New	COMCAST CORP NEWcl a	$5,623,000	–	98,619	–	3.62%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$4,167,000	–	21,711	–	2.68%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,074,000	–	19,588	–	2.62%	–
PFE	New	PFIZER INC	$4,067,000	–	103,863	–	2.62%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,670,000	–	58,769	–	2.36%	–
MSGS	New	MADISON SQUARE GRDN SPRT CORcl a	$3,575,000	–	20,719	–	2.30%	–
JNJ	New	JOHNSON & JOHNSON	$3,485,000	–	21,155	–	2.24%	–
INTC	New	INTEL CORP	$3,449,000	–	61,443	–	2.22%	–
BK	New	BANK NEW YORK MELLON CORP	$3,425,000	–	66,860	–	2.21%	–
CSCO	New	CISCO SYS INC	$3,280,000	–	61,878	–	2.11%	–
TGT	New	TARGET CORP	$3,220,000	–	13,321	–	2.07%	–
EBAY	New	EBAY INC.	$2,951,000	–	42,034	–	1.90%	–
TWTR	New	TWITTER INC	$2,617,000	–	38,039	–	1.69%	–
HBI	New	HANESBRANDS INC	$2,514,000	–	134,644	–	1.62%	–
DISCK	New	DISCOVERY INC	$2,454,000	–	84,671	–	1.58%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,330,000	–	34,868	–	1.50%	–
MSGE	New	MADISON SQUARE GRDN ENTERTNMcl a	$2,095,000	–	24,954	–	1.35%	–
SYY	New	SYSCO CORP	$2,004,000	–	25,772	–	1.29%	–
C	New	CITIGROUP INC	$1,911,000	–	27,017	–	1.23%	–
MSGN	New	MSG NETWORK INCcl a	$1,906,000	–	130,721	–	1.23%	–
CNDT	New	CONDUENT INC	$1,800,000	–	240,002	–	1.16%	–
CVS	New	CVS HEALTH CORP	$1,743,000	–	20,884	–	1.12%	–
ANGI	New	ANGI INC	$1,551,000	–	114,740	–	1.00%	–
MCD	New	MCDONALDS CORP	$1,546,000	–	6,695	–	1.00%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$1,406,000	–	10,298	–	0.91%	–
NWL	New	NEWELL BRANDS INC	$1,403,000	–	51,078	–	0.90%	–
BEN	New	FRANKLIN RESOURCES INC	$1,387,000	–	43,356	–	0.89%	–
KO	New	COCA COLA CO	$1,334,000	–	24,657	–	0.86%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,319,000	–	8,163	–	0.85%	–
ELY	New	CALLAWAY GOLF CO	$1,244,000	–	36,889	–	0.80%	–
GOLF	New	ACUSHNET HLDGS CORP	$1,236,000	–	25,030	–	0.80%	–
MGM	New	MGM RESORTS INTERNATIONAL	$1,137,000	–	26,652	–	0.73%	–
BATRK	New	LIBERTY MEDIA CORP DEL	$1,102,000	–	39,677	–	0.71%	–
MWA	New	MUELLER WTR PRODS INC	$1,026,000	–	71,146	–	0.66%	–
PYPL	New	PAYPAL HLDGS INC	$1,020,000	–	3,500	–	0.66%	–
WM	New	WASTE MGMT INC DEL	$1,004,000	–	7,166	–	0.65%	–
AXP	New	AMERICAN EXPRESS CO	$986,000	–	5,968	–	0.64%	–
IAC	New	IAC INTERACTIVECORP NEW	$968,000	–	6,278	–	0.62%	–
WU	New	WESTERN UN CO	$920,000	–	40,053	–	0.59%	–
WEN	New	WENDYS CO	$893,000	–	38,133	–	0.58%	–
ENR	New	ENERGIZER HLDGS INC NEW	$778,000	–	18,097	–	0.50%	–
VZ	New	VERIZON COMMUNICATIONS INC	$691,000	–	12,335	–	0.44%	–
LH	New	LABORATORY CORP AMER HLDGS	$633,000	–	2,296	–	0.41%	–
NDAQ	New	NASDAQ INC	$594,000	–	3,377	–	0.38%	–
QRTEA	New	QURATE RETAIL INC	$582,000	–	44,441	–	0.38%	–
AMCX	New	AMC NETWORKS INCcl a	$563,000	–	8,432	–	0.36%	–
AAPL	New	APPLE INC	$547,000	–	3,996	–	0.35%	–
MHK	New	MOHAWK INDS INC	$475,000	–	2,474	–	0.31%	–
MRK	New	MERCK & CO INC	$464,000	–	5,960	–	0.30%	–
TSQ	New	TOWNSQUARE MEDIA INCcl a	$442,000	–	34,643	–	0.28%	–
GOOG	New	ALPHABET INCcap stk cl c	$439,000	–	175	–	0.28%	–
CB	New	CHUBB LIMITED	$440,000	–	2,768	–	0.28%	–
VMEO	New	VIMEO INC	$412,000	–	8,416	–	0.26%	–
EPC	New	EDGEWELL PERS CARE CO	$408,000	–	9,301	–	0.26%	–
LEVI	New	LEVI STRAUSS & CO NEW	$409,000	–	14,745	–	0.26%	–
NWSA	New	NEWS CORP NEWcl a	$406,000	–	15,737	–	0.26%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$405,000	–	1,456	–	0.26%	–
HHC	New	HOWARD HUGHES CORP	$351,000	–	3,599	–	0.23%	–
GLW	New	CORNING INC	$327,000	–	7,985	–	0.21%	–
AXTA	New	AXALTA COATING SYS LTD	$318,000	–	10,432	–	0.20%	–
GD	New	GENERAL DYNAMICS CORP	$302,000	–	1,602	–	0.20%	–
GOOGL	New	ALPHABET INCcap stk cl a	$300,000	–	123	–	0.19%	–
KMB	New	KIMBERLY-CLARK CORP	$288,000	–	2,150	–	0.19%	–
TPHS	New	TRINITY PL HLDGS INC	$278,000	–	131,744	–	0.18%	–
STKL	New	SUNOPTA INC	$265,000	–	21,689	–	0.17%	–
JBLU	New	JETBLUE AWYS CORP	$263,000	–	15,655	–	0.17%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$263,000	–	1,792	–	0.17%	–
UNVR	New	UNIVAR SOLUTIONS USA INC	$257,000	–	10,532	–	0.17%	–
DD	New	DUPONT DE NEMOURS INC	$253,000	–	3,269	–	0.16%	–
FOXA	New	FOX CORP	$250,000	–	6,746	–	0.16%	–
SBUX	New	STARBUCKS CORP	$245,000	–	2,194	–	0.16%	–
UNF	New	UNIFIRST CORP MASS	$244,000	–	1,041	–	0.16%	–
SCHW	New	SCHWAB CHARLES CORP	$244,000	–	3,350	–	0.16%	–
HMTV	New	HEMISPHERE MEDIA GROUP INCcl a	$216,000	–	18,288	–	0.14%	–
LSXMA	New	LIBERTY MEDIA CORP DEL	$208,000	–	4,468	–	0.13%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE	$206,000	–	1,290	–	0.13%	–
TZOO	New	TRAVELZOO	$187,000	–	12,650	–	0.12%	–
VTRS	New	VIATRIS INC	$178,000	–	12,452	–	0.12%	–

Q4 2020

			Value		Shares		↓ Weighting
TZOO	Exit	TRAVELZOO	$0	–	-10,020	–	-0.05%	–
HMTV	Exit	HEMISPHERE MEDIA GROUP INCcl a	$0	–	-15,788	–	-0.12%	–
TSQ	Exit	TOWNSQUARE MEDIA INCcl a	$0	–	-31,643	–	-0.12%	–
UNVR	Exit	UNIVAR SOLUTIONS USA INC	$0	–	-10,532	–	-0.15%	–
TPHS	Exit	TRINITY PL HLDGS INC	$0	–	-133,463	–	-0.16%	–
LEVI	Exit	LEVI STRAUSS & CO NEW	$0	–	-14,745	–	-0.17%	–
STKL	Exit	SUNOPTA INC	$0	–	-26,789	–	-0.17%	–
FDX	Exit	FEDEX CORP	$0	–	-811	–	-0.17%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-3,599	–	-0.17%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-980	–	-0.18%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,792	–	-0.18%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-9,997	–	-0.19%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-15,997	–	-0.19%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-2,324	–	-0.19%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-175	–	-0.22%	–
GLW	Exit	CORNING INC	$0	–	-7,985	–	-0.22%	–
CB	Exit	CHUBB LIMITED	$0	–	-2,256	–	-0.22%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-10,320	–	-0.24%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-44,016	–	-0.26%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,150	–	-0.27%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-13,456	–	-0.28%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-2,186	–	-0.35%	–
JBLU	Exit	JETBLUE AWYS CORP	$0	–	-37,079	–	-0.35%	–
AAPL	Exit	APPLE INC	$0	–	-3,996	–	-0.39%	–
IAC	Exit	IAC INTERACTIVECORP NEW	$0	–	-4,607	–	-0.46%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-27,500	–	-0.50%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-6,069	–	-0.51%	–
ELY	Exit	CALLAWAY GOLF CO	$0	–	-32,292	–	-0.52%	–
NDAQ	Exit	NASDAQ INC	$0	–	-5,277	–	-0.54%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,233	–	-0.56%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,717	–	-0.62%	–
WU	Exit	WESTERN UN CO	$0	–	-36,436	–	-0.66%	–
BATRK	Exit	LIBERTY MEDIA CORP DEL	$0	–	-37,347	–	-0.66%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-38,935	–	-0.66%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-20,414	–	-0.67%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-7,321	–	-0.70%	–
CNDT	Exit	CONDUENT INC	$0	–	-263,324	–	-0.70%	–
GOLF	Exit	ACUSHNET HOLDINGS CORP	$0	–	-25,030	–	-0.71%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-10,943	–	-0.85%	–
WEN	Exit	WENDYS CO	$0	–	-46,282	–	-0.87%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-18,733	–	-0.92%	–
KO	Exit	COCA COLA CO	$0	–	-24,026	–	-1.00%	–
C	Exit	CITIGROUP INC	$0	–	-28,112	–	-1.02%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-71,450	–	-1.03%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-10,185	–	-1.13%	–
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-149,841	–	-1.20%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,725	–	-1.24%	–
SYY	Exit	SYSCO CORP	$0	–	-25,326	–	-1.32%	–
MSGE	Exit	MADISON SQUARE GRDN ENTERTNMcl a	$0	–	-24,868	–	-1.43%	–
TWTR	Exit	TWITTER INC	$0	–	-39,072	–	-1.46%	–
EBAY	Exit	EBAY INC.	$0	–	-36,172	–	-1.58%	–
HBI	Exit	HANESBRANDS INC	$0	–	-128,319	–	-1.70%	–
DISCK	Exit	DISCOVERY INC	$0	–	-114,748	–	-1.89%	–
TGT	Exit	TARGET CORP	$0	–	-14,383	–	-1.90%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-37,939	–	-1.92%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-68,727	–	-1.98%	–
CSCO	Exit	CISCO SYS INC	$0	–	-63,821	–	-2.11%	–
MSGS	Exit	MADISON SQUARE GRDN SPRT CORcl a	$0	–	-20,861	–	-2.64%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-22,157	–	-2.77%	–
INTC	Exit	INTEL CORP	$0	–	-65,550	–	-2.85%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-20,442	–	-2.86%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-23,362	–	-3.00%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-66,554	–	-3.21%	–
PFE	Exit	PFIZER INC	$0	–	-110,362	–	-3.40%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-177,626	–	-3.59%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-28,190	–	-3.65%	–
DIS	Exit	DISNEY WALT CO	$0	–	-35,492	–	-3.70%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-103,208	–	-4.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-65,337	–	-5.28%	–
HD	Exit	HOME DEPOT INC	$0	–	-34,525	–	-8.05%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-62,162	–	-10.98%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$13,075,000	+4.5%	62,162	+1.1%	10.98%	-5.2%
HD	Buy	HOME DEPOT INC	$9,588,000	+12.9%	34,525	+1.8%	8.05%	+2.4%
JPM	Buy	JPMORGAN CHASE & CO	$6,290,000	+4.0%	65,337	+1.6%	5.28%	-5.7%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,774,000	+21.0%	103,208	+1.9%	4.01%	+9.7%
DIS	Buy	DISNEY WALT CO	$4,404,000	+17.3%	35,492	+5.5%	3.70%	+6.4%
AMP	Buy	AMERIPRISE FINL INC	$4,344,000	+4.4%	28,190	+1.6%	3.65%	-5.3%
BAC	Buy	BK OF AMERICA CORP	$4,279,000	+2.5%	177,626	+1.1%	3.59%	-7.0%
PFE	Buy	PFIZER INC	$4,050,000	+14.7%	110,362	+2.2%	3.40%	+4.1%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,824,000	+13.8%	66,554	+1.2%	3.21%	+3.2%
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$3,572,000	+13.9%	23,362	+0.2%	3.00%	+3.3%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$3,406,000	+49.5%	20,442	-0.2%	2.86%	+35.6%
INTC	Buy	INTEL CORP	$3,394,000	-8.3%	65,550	+5.9%	2.85%	-16.8%
JNJ	Buy	JOHNSON & JOHNSON	$3,299,000	+7.9%	22,157	+1.9%	2.77%	-2.2%
MSGS	Buy	MADISON SQUARE GRDN SPRT CORcl a	$3,139,000	+3.4%	20,861	+0.9%	2.64%	-6.2%
CSCO	Buy	CISCO SYS INC	$2,514,000	-11.7%	63,821	+4.6%	2.11%	-19.9%
BK	Sell	BANK NEW YORK MELLON CORP	$2,360,000	-11.3%	68,727	-0.2%	1.98%	-19.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$2,287,000	+4.5%	37,939	+1.9%	1.92%	-5.2%
TGT	Buy	TARGET CORP	$2,264,000	+31.2%	14,383	+0.0%	1.90%	+19.0%
DISCK	Sell	DISCOVERY INC	$2,249,000	+1.4%	114,748	-0.4%	1.89%	-8.0%
HBI	Buy	HANESBRANDS INC	$2,021,000	+41.9%	128,319	+1.8%	1.70%	+28.8%
MSGE	Buy	MADISON SQUARE GRDN ENTERTNMcl a	$1,703,000	-8.0%	24,868	+0.8%	1.43%	-16.5%
SYY	Buy	SYSCO CORP	$1,576,000	+14.8%	25,326	+0.8%	1.32%	+4.1%
MSGN	Sell	MSG NETWORK INCcl a	$1,434,000	-4.4%	149,841	-0.6%	1.20%	-13.3%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$1,344,000	+11.2%	10,185	+6.3%	1.13%	+0.9%
NWL	Buy	NEWELL BRANDS INC	$1,226,000	+9.4%	71,450	+1.2%	1.03%	-0.9%
C	Buy	CITIGROUP INC	$1,212,000	-15.1%	28,112	+0.6%	1.02%	-23.0%
KO	New	COCA COLA CO	$1,186,000	–	24,026	–	1.00%	–
CVS	Buy	CVS HEALTH CORP	$1,094,000	-6.2%	18,733	+4.4%	0.92%	-14.8%
WEN	Buy	WENDYS CO	$1,032,000	+4.2%	46,282	+1.8%	0.87%	-5.3%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$1,013,000	+11.1%	10,943	+2.9%	0.85%	+0.8%
CNDT	Buy	CONDUENT INC	$837,000	+33.3%	263,324	+0.3%	0.70%	+21.0%
WM	Sell	WASTE MGMT INC DEL	$829,000	+4.0%	7,321	-2.7%	0.70%	-5.7%
ENR	Buy	ENERGIZER HLDGS INC NEW	$799,000	-17.0%	20,414	+0.7%	0.67%	-24.7%
BEN	Sell	FRANKLIN RESOURCES INC	$792,000	-5.5%	38,935	-2.6%	0.66%	-14.3%
WU	Sell	WESTERN UN CO	$781,000	-1.6%	36,436	-0.8%	0.66%	-10.7%
PYPL	Sell	PAYPAL HLDGS INC	$732,000	+7.5%	3,717	-4.8%	0.62%	-2.4%
NDAQ	Buy	NASDAQ INC	$648,000	+8.9%	5,277	+6.0%	0.54%	-1.3%
IAC	New	IAC INTERACTIVECORP NEW	$552,000	–	4,607	–	0.46%	–
AAPL	Buy	APPLE INC	$463,000	+27.2%	3,996	+300.0%	0.39%	+15.4%
AMCX	Buy	AMC NETWORKS INCcl a	$332,000	+12.5%	13,456	+6.6%	0.28%	+2.2%
QRTEA	Buy	QURATE RETAIL INC	$316,000	-20.4%	44,016	+5.3%	0.26%	-27.8%
EPC	Buy	EDGEWELL PERS CARE CO	$288,000	-6.5%	10,320	+4.2%	0.24%	-15.1%
CB	New	CHUBB LIMITED	$262,000	–	2,256	–	0.22%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$209,000	–	980	–	0.18%	–
HHC	New	HOWARD HUGHES CORP	$207,000	–	3,599	–	0.17%	–
FDX	New	FEDEX CORP	$204,000	–	811	–	0.17%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$12,517,000	–	61,505	–	11.59%	–
HD	New	HOME DEPOT INC	$8,496,000	–	33,913	–	7.86%	–
JPM	New	JPMORGAN CHASE & CO	$6,049,000	–	64,314	–	5.60%	–
BAC	New	BK OF AMERICA CORP	$4,173,000	–	175,692	–	3.86%	–
AMP	New	AMERIPRISE FINL INC	$4,161,000	–	27,735	–	3.85%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,946,000	–	101,234	–	3.65%	–
DIS	New	DISNEY WALT CO	$3,753,000	–	33,657	–	3.47%	–
INTC	New	INTEL CORP	$3,702,000	–	61,870	–	3.43%	–
PFE	New	PFIZER INC	$3,531,000	–	107,979	–	3.27%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,361,000	–	65,738	–	3.11%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$3,135,000	–	23,317	–	2.90%	–
JNJ	New	JOHNSON & JOHNSON	$3,058,000	–	21,743	–	2.83%	–
MSGS	New	MADISON SQUARE GRDN SPRT CORcl a	$3,036,000	–	20,671	–	2.81%	–
CSCO	New	CISCO SYS INC	$2,847,000	–	61,042	–	2.64%	–
BK	New	BANK NEW YORK MELLON CORP	$2,661,000	–	68,847	–	2.46%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,278,000	–	20,491	–	2.11%	–
DISCK	New	DISCOVERY INC	$2,218,000	–	115,164	–	2.05%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,189,000	–	37,224	–	2.03%	–
EBAY	New	EBAY INC.	$1,897,000	–	36,172	–	1.76%	–
MSGE	New	MADISON SQUARE GRDN ENTERTNMcl a	$1,851,000	–	24,678	–	1.71%	–
TGT	New	TARGET CORP	$1,725,000	–	14,382	–	1.60%	–
MSGN	New	MSG NETWORK INCcl a	$1,500,000	–	150,746	–	1.39%	–
C	New	CITIGROUP INC	$1,428,000	–	27,942	–	1.32%	–
HBI	New	HANESBRANDS INC	$1,424,000	–	126,097	–	1.32%	–
SYY	New	SYSCO CORP	$1,373,000	–	25,122	–	1.27%	–
MCD	New	MCDONALDS CORP	$1,241,000	–	6,725	–	1.15%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,209,000	–	9,581	–	1.12%	–
CVS	New	CVS HEALTH CORP	$1,166,000	–	17,947	–	1.08%	–
TWTR	New	TWITTER INC	$1,164,000	–	39,072	–	1.08%	–
NWL	New	NEWELL BRANDS INC	$1,121,000	–	70,571	–	1.04%	–
WEN	New	WENDYS CO	$990,000	–	45,447	–	0.92%	–
ENR	New	ENERGIZER HLDGS INC NEW	$963,000	–	20,273	–	0.89%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$912,000	–	10,639	–	0.84%	–
GOLF	New	ACUSHNET HOLDINGS CORP	$871,000	–	25,030	–	0.81%	–
BEN	New	FRANKLIN RESOURCES INC	$838,000	–	39,954	–	0.78%	–
WM	New	WASTE MGMT INC DEL	$797,000	–	7,521	–	0.74%	–
WU	New	WESTERN UN CO	$794,000	–	36,722	–	0.74%	–
BATRK	New	LIBERTY MEDIA CORP DEL	$737,000	–	37,347	–	0.68%	–
PYPL	New	PAYPAL HLDGS INC	$681,000	–	3,906	–	0.63%	–
CNDT	New	CONDUENT INC	$628,000	–	262,562	–	0.58%	–
VZ	New	VERIZON COMMUNICATIONS INC	$619,000	–	11,233	–	0.57%	–
NDAQ	New	NASDAQ INC	$595,000	–	4,977	–	0.55%	–
AXP	New	AMERICAN EXPRESS CO	$578,000	–	6,069	–	0.54%	–
ELY	New	CALLAWAY GOLF CO	$565,000	–	32,292	–	0.52%	–
MGM	New	MGM RESORTS INTERNATIONAL	$462,000	–	27,500	–	0.43%	–
JBLU	New	JETBLUE AWYS CORP	$404,000	–	37,079	–	0.37%	–
QRTEA	New	QURATE RETAIL INC	$397,000	–	41,799	–	0.37%	–
AAPL	New	APPLE INC	$364,000	–	999	–	0.34%	–
LH	New	LABORATORY CORP AMER HLDGS	$363,000	–	2,186	–	0.34%	–
EPC	New	EDGEWELL PERS CARE CO	$308,000	–	9,900	–	0.28%	–
KMB	New	KIMBERLY CLARK CORP	$304,000	–	2,150	–	0.28%	–
AMCX	New	AMC NETWORKS INCcl a	$295,000	–	12,626	–	0.27%	–
GOOG	New	ALPHABET INCcap stk cl c	$247,000	–	175	–	0.23%	–
MHK	New	MOHAWK INDS INC	$236,000	–	2,324	–	0.22%	–
AXTA	New	AXALTA COATING SYS LTD	$225,000	–	9,997	–	0.21%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$216,000	–	1,792	–	0.20%	–
GLW	New	CORNING INC	$207,000	–	7,985	–	0.19%	–
LEVI	New	LEVI STRAUSS & CO NEW	$198,000	–	14,745	–	0.18%	–
NWSA	New	NEWS CORP NEWcl a	$190,000	–	15,997	–	0.18%	–
TPHS	New	TRINITY PL HLDGS INC	$184,000	–	133,463	–	0.17%	–
UNVR	New	UNIVAR SOLUTIONS INC	$178,000	–	10,532	–	0.16%	–
HMTV	New	HEMISPHERE MEDIA GROUP INCcl a	$155,000	–	15,788	–	0.14%	–
TSQ	New	TOWNSQUARE MEDIA INCcl a	$141,000	–	31,643	–	0.13%	–
STKL	New	SUNOPTA INC	$126,000	–	26,789	–	0.12%	–
TZOO	New	TRAVELZOO	$57,000	–	10,020	–	0.05%	–

Q4 2019

			Value		Shares		↓ Weighting
STKL	Exit	SUNOPTA INC	$0	–	-47,991	–	-0.06%	–
HMTV	Exit	HEMISPHERE MEDIA GROUP INCcl a	$0	–	-13,904	–	-0.13%	–
TWNK	Exit	HOSTESS BRANDS INCcl a	$0	–	-14,559	–	-0.16%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-1,692	–	-0.16%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-14,992	–	-0.16%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,492	–	-0.16%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-10,787	–	-0.17%	–
TSQ	Exit	TOWNSQUARE MEDIA INCcl a	$0	–	-34,842	–	-0.19%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-6,955	–	-0.19%	–
AAPL	Exit	APPLE INC	$0	–	-1,219	–	-0.21%	–
OI	Exit	OWENS ILL INC	$0	–	-27,150	–	-0.21%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,150	–	-0.23%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-11,122	–	-0.25%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-2,246	–	-0.29%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-38,214	–	-0.30%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-3,123	–	-0.31%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-4,189	–	-0.33%	–
TPHS	Exit	TRINITY PL HLDGS INC	$0	–	-127,537	–	-0.39%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-10,568	–	-0.40%	–
NDAQ	Exit	NASDAQ INC	$0	–	-5,277	–	-0.40%	–
BATRK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-19,914	–	-0.42%	–
ELY	Exit	CALLAWAY GOLF CO	$0	–	-30,769	–	-0.45%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-20,753	–	-0.46%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-19,285	–	-0.48%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,092	–	-0.51%	–
GOLF	Exit	ACUSHNET HOLDINGS CORP	$0	–	-27,254	–	-0.55%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-6,370	–	-0.57%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-29,800	–	-0.63%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-7,531	–	-0.66%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-15,132	–	-0.72%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-22,448	–	-0.74%	–
WU	Exit	WESTERN UN CO	$0	–	-44,620	–	-0.78%	–
WEN	Exit	WENDYS CO	$0	–	-52,296	–	-0.79%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-23,661	–	-0.84%	–
TPR	Exit	TAPESTRY INC	$0	–	-51,990	–	-1.03%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-11,332	–	-1.07%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,946	–	-1.13%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-35,614	–	-1.18%	–
TGT	Exit	TARGET CORP	$0	–	-15,148	–	-1.23%	–
KSS	Exit	KOHLS CORP	$0	–	-33,629	–	-1.27%	–
CLX	Exit	CLOROX CO DEL	$0	–	-12,352	–	-1.42%	–
CNDT	Exit	CONDUENT INC	$0	–	-304,471	–	-1.44%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-38,430	–	-1.48%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-106,068	–	-1.51%	–
HBI	Exit	HANESBRANDS INC	$0	–	-131,147	–	-1.52%	–
SYY	Exit	SYSCO CORP	$0	–	-25,334	–	-1.53%	–
C	Exit	CITIGROUP INC	$0	–	-29,554	–	-1.55%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-24,655	–	-1.90%	–
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-159,490	–	-1.96%	–
CSCO	Exit	CISCO SYS INC	$0	–	-52,377	–	-1.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-20,696	–	-2.03%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-22,394	–	-2.04%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-22,392	–	-2.11%	–
LM	Exit	LEGG MASON INC	$0	–	-72,971	–	-2.12%	–
DISCK	Exit	DISCOVERY INC	$0	–	-127,708	–	-2.39%	–
INTC	Exit	INTEL CORP	$0	–	-61,545	–	-2.41%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-74,804	–	-2.57%	–
PFE	Exit	PFIZER INC	$0	–	-104,832	–	-2.86%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-69,647	–	-2.92%	–
DIS	Exit	DISNEY WALT CO	$0	–	-33,402	–	-3.30%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-29,977	–	-3.35%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-101,748	–	-3.48%	–
BAC	Exit	BANK AMER CORP	$0	–	-182,124	–	-4.03%	–
MSGS	Exit	MADISON SQUARE GARDEN CO NEWcl a	$0	–	-21,147	–	-4.23%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-44,026	–	-4.97%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-65,414	–	-5.84%	–
HD	Exit	HOME DEPOT INC	$0	–	-34,933	–	-6.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-63,830	–	-6.74%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$8,874,000	-11.6%	63,830	-14.8%	6.74%	-9.1%
HD	Sell	HOME DEPOT INC	$8,105,000	+10.3%	34,933	-1.1%	6.15%	+13.4%
JPM	Buy	JPMORGAN CHASE & CO	$7,699,000	+5.3%	65,414	+0.0%	5.84%	+8.2%
TRV	Buy	TRAVELERS COMPANIES INC	$6,546,000	-0.5%	44,026	+0.1%	4.97%	+2.3%
MSGS	Sell	MADISON SQUARE GARDEN CO NEWcl a	$5,573,000	-6.0%	21,147	-0.1%	4.23%	-3.4%
BAC	Sell	BANK AMER CORP	$5,313,000	+0.3%	182,124	-0.3%	4.03%	+3.1%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,587,000	+6.6%	101,748	-0.1%	3.48%	+9.5%
AMP	Buy	AMERIPRISE FINL INC	$4,410,000	+1.4%	29,977	+0.0%	3.35%	+4.1%
DIS	Buy	DISNEY WALT CO	$4,353,000	-6.7%	33,402	+0.0%	3.30%	-4.1%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,853,000	+2.9%	69,647	+0.3%	2.92%	+5.8%
PFE	Sell	PFIZER INC	$3,767,000	-17.9%	104,832	-1.1%	2.86%	-15.7%
BK	Buy	BANK NEW YORK MELLON CORP	$3,382,000	+2.8%	74,804	+0.4%	2.57%	+5.6%
INTC	Sell	INTEL CORP	$3,171,000	+7.6%	61,545	-0.1%	2.41%	+10.6%
DISCK	Sell	DISCOVERY INC	$3,144,000	-13.7%	127,708	-0.3%	2.39%	-11.3%
LM	Buy	LEGG MASON INC	$2,787,000	-0.2%	72,971	+0.0%	2.12%	+2.6%
MAR	Sell	MARRIOTT INTL INC NEWcl a	$2,785,000	-12.1%	22,392	-0.9%	2.11%	-9.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,683,000	+11.9%	22,394	-3.5%	2.04%	+15.0%
JNJ	Sell	JOHNSON & JOHNSON	$2,678,000	-7.3%	20,696	-0.3%	2.03%	-4.8%
CSCO	Buy	CISCO SYS INC	$2,588,000	-9.3%	52,377	+0.4%	1.96%	-6.8%
MSGN	Buy	MSG NETWORK INCcl a	$2,587,000	-20.5%	159,490	+1.6%	1.96%	-18.3%
SMG	Sell	SCOTTS MIRACLE GRO COcl a	$2,510,000	-5.6%	24,655	-8.7%	1.90%	-3.0%
SYY	Buy	SYSCO CORP	$2,011,000	+12.7%	25,334	+0.4%	1.53%	+15.8%
HBI	Buy	HANESBRANDS INC	$2,009,000	-10.0%	131,147	+1.2%	1.52%	-7.5%
NWL	Buy	NEWELL BRANDS INC	$1,986,000	+22.7%	106,068	+1.0%	1.51%	+26.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$1,949,000	+9.8%	38,430	-1.8%	1.48%	+12.8%
CNDT	Buy	CONDUENT INC	$1,894,000	+21.6%	304,471	+87.5%	1.44%	+25.0%
CLX	Buy	CLOROX CO DEL	$1,876,000	0.0%	12,352	+0.8%	1.42%	+2.7%
KSS	Buy	KOHLS CORP	$1,670,000	+6.0%	33,629	+1.5%	1.27%	+8.9%
TGT	Sell	TARGET CORP	$1,619,000	-8.6%	15,148	-26.0%	1.23%	-6.1%
CCL	Buy	CARNIVAL CORPunit 99/99/9999	$1,557,000	-5.4%	35,614	+0.7%	1.18%	-2.8%
MCD	Sell	MCDONALDS CORP	$1,491,000	+2.1%	6,946	-1.3%	1.13%	+4.9%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$1,410,000	-1.7%	11,332	+0.9%	1.07%	+1.0%
TPR	Sell	TAPESTRY INC	$1,354,000	-19.8%	51,990	-2.3%	1.03%	-17.6%
CPB	Sell	CAMPBELL SOUP CO	$1,110,000	+12.0%	23,661	-4.3%	0.84%	+15.0%
WEN	Sell	WENDYS CO	$1,045,000	-23.6%	52,296	-25.1%	0.79%	-21.5%
WU	Buy	WESTERN UN CO	$1,034,000	+17.5%	44,620	+0.9%	0.78%	+20.8%
CVS	Buy	CVS HEALTH CORP	$954,000	+18.8%	15,132	+2.7%	0.72%	+22.1%
WM	Buy	WASTE MGMT INC DEL	$866,000	+1.1%	7,531	+1.3%	0.66%	+3.8%
MGM	Buy	MGM RESORTS INTERNATIONAL	$826,000	-1.7%	29,800	+1.4%	0.63%	+1.1%
GOLF	Sell	ACUSHNET HOLDINGS CORP	$720,000	-1.5%	27,254	-2.2%	0.55%	+1.1%
BEN	Buy	FRANKLIN RES INC	$599,000	-14.1%	20,753	+3.6%	0.46%	-11.7%
BATRK	Sell	LIBERTY MEDIA CORP DELAWARE	$553,000	-7.8%	19,914	-7.2%	0.42%	-5.2%
NDAQ	Sell	NASDAQ INC	$524,000	-9.7%	5,277	-12.4%	0.40%	-7.0%
AMCX	Buy	AMC NETWORKS INCcl a	$520,000	-5.8%	10,568	+4.3%	0.40%	-3.2%
TPHS	Buy	TRINITY PL HLDGS INC	$510,000	+8.3%	127,537	+7.0%	0.39%	+11.2%
PYPL	Sell	PAYPAL HLDGS INC	$434,000	-15.1%	4,189	-6.3%	0.33%	-12.7%
HHC	Sell	HOWARD HUGHES CORP	$405,000	0.0%	3,123	-4.6%	0.31%	+2.7%
QRTEA	Buy	QURATE RETAIL INC	$394,000	-16.5%	38,214	+0.3%	0.30%	-14.3%
KMB	Sell	KIMBERLY CLARK CORP	$305,000	+4.1%	2,150	-2.3%	0.23%	+6.9%
OI	Buy	OWENS ILL INC	$279,000	-21.8%	27,150	+31.3%	0.21%	-19.7%
TSQ	Buy	TOWNSQUARE MEDIA INCcl a	$245,000	+33.2%	34,842	+2.1%	0.19%	+36.8%
UNVR	Buy	UNIVAR SOLUTIONS INC	$224,000	+4.2%	10,787	+10.3%	0.17%	+6.9%
MHK	New	MOHAWK INDS INC	$210,000	–	1,692	–	0.16%	–
TWNK	Sell	HOSTESS BRANDS INCcl a	$204,000	-16.4%	14,559	-14.0%	0.16%	-13.9%
HMTV	Buy	HEMISPHERE MEDIA GROUP INCcl a	$170,000	+14.1%	13,904	+20.8%	0.13%	+17.3%
STKL	Buy	SUNOPTA INC	$86,000	-39.9%	47,991	+10.7%	0.06%	-38.7%
L	Exit	LOEWS CORP	$0	–	-3,714	–	-0.15%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,435	–	-0.16%	–
GLW	Exit	CORNING INC	$0	–	-8,003	–	-0.20%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-28,409	–	-0.65%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$10,037,000	–	74,923	–	7.41%	–
HD	New	HOME DEPOT INC	$7,347,000	–	35,327	–	5.43%	–
JPM	New	JPMORGAN CHASE & CO	$7,313,000	–	65,412	–	5.40%	–
TRV	New	TRAVELERS COMPANIES INC	$6,577,000	–	43,986	–	4.86%	–
MSGS	New	MADISON SQUARE GARDEN CO NEWcl a	$5,928,000	–	21,175	–	4.38%	–
BAC	New	BANK AMER CORP	$5,295,000	–	182,601	–	3.91%	–
DIS	New	DISNEY WALT CO	$4,664,000	–	33,401	–	3.44%	–
PFE	New	PFIZER INC	$4,591,000	–	105,974	–	3.39%	–
AMP	New	AMERIPRISE FINL INC	$4,351,000	–	29,976	–	3.21%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,305,000	–	101,814	–	3.18%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,743,000	–	69,444	–	2.76%	–
DISCK	New	DISCOVERY INC	$3,644,000	–	128,089	–	2.69%	–
BK	New	BANK NEW YORK MELLON CORP	$3,290,000	–	74,517	–	2.43%	–
MSGN	New	MSG NETWORK INCcl a	$3,255,000	–	156,942	–	2.40%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$3,170,000	–	22,599	–	2.34%	–
INTC	New	INTEL CORP	$2,948,000	–	61,594	–	2.18%	–
JNJ	New	JOHNSON & JOHNSON	$2,890,000	–	20,749	–	2.14%	–
CSCO	New	CISCO SYS INC	$2,854,000	–	52,151	–	2.11%	–
LM	New	LEGG MASON INC	$2,792,000	–	72,940	–	2.06%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$2,659,000	–	26,991	–	1.96%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,397,000	–	23,208	–	1.77%	–
HBI	New	HANESBRANDS INC	$2,232,000	–	129,621	–	1.65%	–
C	New	CITIGROUP INC	$2,070,000	–	29,554	–	1.53%	–
CLX	New	CLOROX CO DEL	$1,876,000	–	12,250	–	1.39%	–
SYY	New	SYSCO CORP	$1,784,000	–	25,233	–	1.32%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,775,000	–	39,130	–	1.31%	–
TGT	New	TARGET CORP	$1,772,000	–	20,458	–	1.31%	–
TPR	New	TAPESTRY INC	$1,688,000	–	53,204	–	1.25%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$1,646,000	–	35,364	–	1.22%	–
NWL	New	NEWELL BRANDS INC	$1,619,000	–	105,012	–	1.20%	–
KSS	New	KOHLS CORP	$1,575,000	–	33,122	–	1.16%	–
CNDT	New	CONDUENT INC	$1,557,000	–	162,357	–	1.15%	–
MCD	New	MCDONALDS CORP	$1,461,000	–	7,036	–	1.08%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,434,000	–	11,231	–	1.06%	–
WEN	New	WENDYS CO	$1,367,000	–	69,826	–	1.01%	–
CPB	New	CAMPBELL SOUP CO	$991,000	–	24,733	–	0.73%	–
KHC	New	KRAFT HEINZ CO	$882,000	–	28,409	–	0.65%	–
WU	New	WESTERN UN CO	$880,000	–	44,219	–	0.65%	–
ENR	New	ENERGIZER HLDGS INC NEW	$867,000	–	22,448	–	0.64%	–
WM	New	WASTE MGMT INC DEL	$857,000	–	7,431	–	0.63%	–
MGM	New	MGM RESORTS INTERNATIONAL	$840,000	–	29,400	–	0.62%	–
CVS	New	CVS HEALTH CORP	$803,000	–	14,739	–	0.59%	–
AXP	New	AMERICAN EXPRESS CO	$786,000	–	6,370	–	0.58%	–
GOLF	New	ACUSHNET HOLDINGS CORP	$731,000	–	27,854	–	0.54%	–
BEN	New	FRANKLIN RES INC	$697,000	–	20,024	–	0.52%	–
VZ	New	VERIZON COMMUNICATIONS INC	$634,000	–	11,092	–	0.47%	–
BATRK	New	LIBERTY MEDIA CORP DELAWARE	$600,000	–	21,464	–	0.44%	–
NDAQ	New	NASDAQ INC	$580,000	–	6,027	–	0.43%	–
AMCX	New	AMC NETWORKS INCcl a	$552,000	–	10,133	–	0.41%	–
ELY	New	CALLAWAY GOLF CO	$528,000	–	30,769	–	0.39%	–
EPC	New	EDGEWELL PERS CARE CO	$520,000	–	19,285	–	0.38%	–
PYPL	New	PAYPAL HLDGS INC	$511,000	–	4,469	–	0.38%	–
QRTEA	New	QURATE RETAIL INC	$472,000	–	38,094	–	0.35%	–
TPHS	New	TRINITY PL HLDGS INC	$471,000	–	119,177	–	0.35%	–
HHC	New	HOWARD HUGHES CORP	$405,000	–	3,273	–	0.30%	–
LH	New	LABORATORY CORP AMER HLDGS	$388,000	–	2,246	–	0.29%	–
OI	New	OWENS ILL INC	$357,000	–	20,677	–	0.26%	–
AXTA	New	AXALTA COATING SYS LTD	$331,000	–	11,122	–	0.24%	–
KMB	New	KIMBERLY CLARK CORP	$293,000	–	2,200	–	0.22%	–
GLW	New	CORNING INC	$266,000	–	8,003	–	0.20%	–
HOG	New	HARLEY DAVIDSON INC	$249,000	–	6,955	–	0.18%	–
TWNK	New	HOSTESS BRANDS INCcl a	$244,000	–	16,923	–	0.18%	–
AAPL	New	APPLE INC	$241,000	–	1,219	–	0.18%	–
UNVR	New	UNIVAR INC	$215,000	–	9,777	–	0.16%	–
MO	New	ALTRIA GROUP INC	$210,000	–	4,435	–	0.16%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$206,000	–	1,492	–	0.15%	–
L	New	LOEWS CORP	$203,000	–	3,714	–	0.15%	–
NWSA	New	NEWS CORP NEWcl a	$202,000	–	14,992	–	0.15%	–
TSQ	New	TOWNSQUARE MEDIA INCcl a	$184,000	–	34,111	–	0.14%	–
HMTV	New	HEMISPHERE MEDIA GROUP INCcl a	$149,000	–	11,514	–	0.11%	–
STKL	New	SUNOPTA INC	$143,000	–	43,340	–	0.11%	–

Q4 2018

			Value		Shares		↓ Weighting
STKL	Exit	Sunopta Inccs	$0	–	-12,135	–	-0.06%	–
TSQ	Exit	Townsquare Media Inccl a	$0	–	-17,624	–	-0.09%	–
HMTV	Exit	Hemisphere Media Group Inccl a	$0	–	-12,324	–	-0.12%	–
TWNK	Exit	Hostess Brands Inccl a	$0	–	-16,502	–	-0.12%	–
NWSA	Exit	News Corp Newcl a	$0	–	-16,365	–	-0.15%	–
IBM	Exit	Intl Business Machinescs	$0	–	-1,492	–	-0.15%	–
GE	Exit	General Electric Cocs	$0	–	-21,869	–	-0.17%	–
BEN	Exit	Franklin Resources Inccs	$0	–	-8,231	–	-0.17%	–
AXTA	Exit	Axalta Coating Systems Ltdcs	$0	–	-8,826	–	-0.18%	–
VAC	Exit	Marriott Vacations Worldwide Ccs	$0	–	-2,369	–	-0.18%	–
GOLF	Exit	Acushnet Holdings Corpcs	$0	–	-9,674	–	-0.18%	–
AAPL	Exit	Apple Inccs	$0	–	-1,219	–	-0.19%	–
GLW	Exit	Corning Inccs	$0	–	-8,003	–	-0.19%	–
HHC	Exit	Howard Hughes Corpcs	$0	–	-2,333	–	-0.20%	–
MO	Exit	Altria Group Inccs	$0	–	-4,920	–	-0.20%	–
KMB	Exit	Kimberly Clark Corpcs	$0	–	-2,750	–	-0.21%	–
XOXO	Exit	XO Group Inccs	$0	–	-9,200	–	-0.22%	–
LM	Exit	Legg Mason Inccs	$0	–	-10,442	–	-0.22%	–
TPHS	Exit	Trinity Pl Holdings Inccs	$0	–	-54,487	–	-0.23%	–
LH	Exit	Laboratory Corp America Holdincs	$0	–	-2,286	–	-0.27%	–
PYPL	Exit	Paypal Holdings Inccs	$0	–	-4,859	–	-0.29%	–
QRTEA	Exit	Qurate Retail Inc	$0	–	-23,567	–	-0.36%	–
NDAQ	Exit	NASDAQ Inccs	$0	–	-6,193	–	-0.36%	–
VZ	Exit	Verizon Communications Inccs	$0	–	-11,602	–	-0.42%	–
AXP	Exit	American Express Cocs	$0	–	-6,370	–	-0.46%	–
WM	Exit	Waste Management Inccs	$0	–	-7,531	–	-0.46%	–
REIS	Exit	Reis Inccs	$0	–	-31,146	–	-0.49%	–
AMCX	Exit	AMC Networks Inccl a	$0	–	-10,886	–	-0.49%	–
MGM	Exit	MGM Resorts Internationalcs	$0	–	-28,825	–	-0.55%	–
ELY	Exit	Callaway Golf Cocs	$0	–	-33,869	–	-0.56%	–
CVS	Exit	CVS Health Corpcs	$0	–	-11,035	–	-0.59%	–
WU	Exit	Western Union Cocs	$0	–	-45,793	–	-0.60%	–
ISCA	Exit	International Speedway Corpcl a	$0	–	-20,569	–	-0.61%	–
CPB	Exit	Campbell Soup Cocs	$0	–	-26,641	–	-0.66%	–
EPC	Exit	Edgewell Pers Care Cocs	$0	–	-23,070	–	-0.73%	–
MCD	Exit	McDonalds Corpcs	$0	–	-7,563	–	-0.86%	–
ENR	Exit	Energizer Holdings Inccs	$0	–	-23,147	–	-0.92%	–
BR	Exit	Broadridge Financial Solutionscs	$0	–	-11,382	–	-1.02%	–
NWL	Exit	Newell Brands Inccs	$0	–	-77,660	–	-1.07%	–
WEN	Exit	Wendys Cocs	$0	–	-96,447	–	-1.13%	–
KHC	Exit	Kraft Heinz Cocs	$0	–	-30,254	–	-1.14%	–
TRCO	Exit	Tribune Media Cocl a	$0	–	-50,609	–	-1.32%	–
CLX	Exit	Clorox Cocs	$0	–	-13,075	–	-1.34%	–
SYY	Exit	Sysco Corpcs	$0	–	-26,933	–	-1.34%	–
SMG	Exit	Scotts Miracle-Gro Cocl a	$0	–	-26,757	–	-1.44%	–
HBI	Exit	Hanesbrands Inccs	$0	–	-121,486	–	-1.52%	–
TGT	Exit	Target Corpcs	$0	–	-25,619	–	-1.54%	–
C	Exit	Citigroup Inccs	$0	–	-31,877	–	-1.56%	–
CCL	Exit	Carnival Corpcs	$0	–	-35,966	–	-1.56%	–
TPR	Exit	Tapestry Inccs	$0	–	-49,575	–	-1.70%	–
BMY	Exit	Bristol-Myers Squibb Cocs	$0	–	-40,168	–	-1.70%	–
DISCK	Exit	Discovery Communications New S	$0	–	-84,646	–	-1.70%	–
CSCO	Exit	Cisco Systems Inccs	$0	–	-54,663	–	-1.81%	–
KSS	Exit	Kohls Corpcs	$0	–	-35,797	–	-1.82%	–
UPS	Exit	United Parcel Service Inccl b	$0	–	-23,634	–	-1.88%	–
CNDT	Exit	Conduent Inccs	$0	–	-127,691	–	-1.96%	–
JNJ	Exit	Johnson & Johnsoncs	$0	–	-22,063	–	-2.08%	–
INTC	Exit	Intel Corpcs	$0	–	-66,572	–	-2.14%	–
MDLZ	Exit	Mondelez Intl Inccl a	$0	–	-73,423	–	-2.15%	–
MAR	Exit	Marriott Intl Inccl a	$0	–	-24,819	–	-2.23%	–
CMCSA	Exit	Comcast Corpcl a	$0	–	-107,169	–	-2.58%	–
MSGN	Exit	Msg Networks Inccl a	$0	–	-154,027	–	-2.71%	–
DIS	Exit	Disney Walt Co	$0	–	-34,602	–	-2.76%	–
BK	Exit	Bank New York Mellon Corpcs	$0	–	-80,170	–	-2.78%	–
AMP	Exit	Ameriprise Financial Inccs	$0	–	-33,189	–	-3.34%	–
BAC	Exit	Bank America Corpcs	$0	–	-191,622	–	-3.84%	–
TRV	Exit	Travelers Companies Inccs	$0	–	-48,111	–	-4.25%	–
PFE	Exit	Pfizer Inccs	$0	–	-150,617	–	-4.52%	–
MSGS	Exit	Madison Square Garden Cocl a	$0	–	-21,793	–	-4.68%	–
JPM	Exit	JPMorgan Chase & Cocs	$0	–	-69,241	–	-5.32%	–
MSFT	Exit	Microsoft Corpcs	$0	–	-83,191	–	-6.48%	–
HD	Exit	Home Depot Inccs	$0	–	-47,199	–	-6.66%	–

Q3 2018

			Value		Shares		↓ Weighting
HD	Sell	Home Depot Inccs	$9,777,000	+6.1%	47,199	-0.1%	6.66%	-1.8%
MSFT	Sell	Microsoft Corpcs	$9,515,000	+15.9%	83,191	-0.1%	6.48%	+7.3%
MSGS	Sell	Madison Square Garden Cocl a	$6,872,000	+1.5%	21,793	-0.2%	4.68%	-6.0%
PFE	Sell	Pfizer Inccs	$6,638,000	+21.1%	150,617	-0.3%	4.52%	+12.1%
BAC	Sell	Bank America Corpcs	$5,645,000	+4.5%	191,622	-0.0%	3.84%	-3.2%
BK	Sell	Bank New York Mellon Corpcs	$4,088,000	-5.7%	80,170	-0.3%	2.78%	-12.7%
MSGN	Buy	Msg Networks Inccl a	$3,974,000	+11.0%	154,027	+3.0%	2.71%	+2.8%
CMCSA	Buy	Comcast Corpcl a	$3,795,000	+9.3%	107,169	+1.3%	2.58%	+1.3%
JNJ	Sell	Johnson & Johnsoncs	$3,048,000	+13.6%	22,063	-0.2%	2.08%	+5.2%
CNDT	Buy	Conduent Inccs	$2,876,000	+29.0%	127,691	+4.1%	1.96%	+19.5%
KSS	Sell	Kohls Corpcs	$2,669,000	+0.6%	35,797	-1.6%	1.82%	-6.8%
DISCK	Buy	Discovery Communications New S	$2,504,000	+18.8%	84,646	+2.4%	1.70%	+10.1%
TGT	Sell	Target Corpcs	$2,260,000	+14.5%	25,619	-1.2%	1.54%	+6.1%
HBI	Buy	Hanesbrands Inccs	$2,239,000	-12.7%	121,486	+4.3%	1.52%	-19.1%
SMG	Buy	Scotts Miracle-Gro Cocl a	$2,107,000	-5.1%	26,757	+0.2%	1.44%	-12.1%
SYY	Sell	Sysco Corpcs	$1,973,000	+6.1%	26,933	-1.1%	1.34%	-1.8%
TRCO	Buy	Tribune Media Cocl a	$1,945,000	+10.3%	50,609	+9.9%	1.32%	+2.2%
KHC	Buy	Kraft Heinz Cocs	$1,667,000	-11.4%	30,254	+1.0%	1.14%	-18.0%
WEN	Sell	Wendys Cocs	$1,653,000	-15.8%	96,447	-15.6%	1.13%	-22.0%
NWL	Buy	Newell Brands Inccs	$1,576,000	-8.2%	77,660	+16.7%	1.07%	-15.0%
WU	Buy	Western Union Cocs	$873,000	+11.1%	45,793	+18.4%	0.60%	+2.9%
ELY	Sell	Callaway Golf Cocs	$823,000	+21.7%	33,869	-4.9%	0.56%	+12.9%
MGM	Buy	MGM Resorts Internationalcs	$805,000	+7.8%	28,825	+12.1%	0.55%	-0.2%
AMCX	Sell	AMC Networks Inccl a	$722,000	+5.9%	10,886	-0.7%	0.49%	-1.8%
REIS	Buy	Reis Inccs	$716,000	+17.2%	31,146	+11.1%	0.49%	+8.7%
QRTEA	Buy	Qurate Retail Inc	$523,000	+44.5%	23,567	+38.3%	0.36%	+33.8%
TPHS	Buy	Trinity Pl Holdings Inccs	$332,000	+51.6%	54,487	+62.9%	0.23%	+40.4%
LM	Buy	Legg Mason Inccs	$326,000	+35.8%	10,442	+51.3%	0.22%	+26.1%
HHC	New	Howard Hughes Corpcs	$290,000	–	2,333	–	0.20%	–
VAC	Buy	Marriott Vacations Worldwide Ccs	$265,000	+4.3%	2,369	+5.4%	0.18%	-3.7%
GOLF	New	Acushnet Holdings Corpcs	$265,000	–	9,674	–	0.18%	–
AXTA	Buy	Axalta Coating Systems Ltdcs	$257,000	+21.2%	8,826	+26.4%	0.18%	+12.2%
BEN	New	Franklin Resources Inccs	$250,000	–	8,231	–	0.17%	–
NWSA	New	News Corp Newcl a	$216,000	–	16,365	–	0.15%	–
TWNK	New	Hostess Brands Inccl a	$183,000	–	16,502	–	0.12%	–
HMTV	New	Hemisphere Media Group Inccl a	$172,000	–	12,324	–	0.12%	–
TSQ	Buy	Townsquare Media Inccl a	$138,000	+74.7%	17,624	+44.0%	0.09%	+62.1%
STKL	New	Sunopta Inccs	$89,000	–	12,135	–	0.06%	–

Q2 2018

			Value		Shares		↓ Weighting
HD	New	Home Depot Inccs	$9,219,000	–	47,255	–	6.78%	–
MSFT	New	Microsoft Corpcs	$8,212,000	–	83,275	–	6.04%	–
JPM	New	JPMorgan Chase & Cocs	$7,215,000	–	69,241	–	5.30%	–
MSGS	New	Madison Square Garden Co Cl Acl a	$6,771,000	–	21,829	–	4.98%	–
TRV	New	Travelers Companies Inccs	$5,886,000	–	48,111	–	4.33%	–
PFE	New	Pfizer Inccs	$5,483,000	–	151,117	–	4.03%	–
BAC	New	Bank America Corpcs	$5,403,000	–	191,672	–	3.97%	–
AMP	New	Ameriprise Financial Inccs	$4,643,000	–	33,189	–	3.41%	–
BK	New	Bank New York Mellon Corpcs	$4,337,000	–	80,420	–	3.19%	–
DIS	New	Disney Walt Co Disney	$3,627,000	–	34,602	–	2.67%	–
MSGN	New	Msg Networks Inc Cl Acl a	$3,581,000	–	149,518	–	2.63%	–
CMCSA	New	Comcast Corpcl a	$3,471,000	–	105,776	–	2.55%	–
INTC	New	Intel Corpcs	$3,309,000	–	66,572	–	2.43%	–
MAR	New	Marriott Intl Inc Cl Acl a	$3,142,000	–	24,819	–	2.31%	–
MDLZ	New	Mondelez Intl Inc Cl Acl a	$3,010,000	–	73,423	–	2.21%	–
JNJ	New	Johnson & Johnsoncs	$2,683,000	–	22,109	–	1.97%	–
KSS	New	Kohls Corpcs	$2,653,000	–	36,397	–	1.95%	–
HBI	New	Hanesbrands Inccs	$2,565,000	–	116,483	–	1.89%	–
UPS	New	United Parcel Service Inc Cl Bcl b	$2,511,000	–	23,634	–	1.85%	–
CSCO	New	Cisco Systems Inccs	$2,352,000	–	54,663	–	1.73%	–
TPR	New	Tapestry Inccs	$2,316,000	–	49,575	–	1.70%	–
CNDT	New	Conduent Inccs	$2,230,000	–	122,710	–	1.64%	–
BMY	New	Bristol-Myers Squibb Cocs	$2,223,000	–	40,168	–	1.64%	–
SMG	New	Scotts Miracle-Gro Co Cl Acl a	$2,220,000	–	26,694	–	1.63%	–
C	New	Citigroup Inccs	$2,133,000	–	31,877	–	1.57%	–
DISCK	New	Discovery Communications New S	$2,107,000	–	82,636	–	1.55%	–
CCL	New	Carnival Corpcs	$2,061,000	–	35,966	–	1.52%	–
TGT	New	Target Corpcs	$1,973,000	–	25,919	–	1.45%	–
WEN	New	Wendys Cocs	$1,963,000	–	114,260	–	1.44%	–
KHC	New	Kraft Heinz Cocs	$1,882,000	–	29,954	–	1.38%	–
SYY	New	Sysco Corpcs	$1,860,000	–	27,233	–	1.37%	–
CLX	New	Clorox Cocs	$1,768,000	–	13,075	–	1.30%	–
TRCO	New	Tribune Media Co Cl Acl a	$1,763,000	–	46,064	–	1.30%	–
NWL	New	Newell Brands Inccs	$1,717,000	–	66,569	–	1.26%	–
ENR	New	Energizer Holdings Inccs	$1,457,000	–	23,147	–	1.07%	–
BR	New	Broadridge Financial Solutionscs	$1,310,000	–	11,382	–	0.96%	–
MCD	New	McDonalds Corpcs	$1,185,000	–	7,563	–	0.87%	–
EPC	New	Edgewell Pers Care Cocs	$1,164,000	–	23,070	–	0.86%	–
CPB	New	Campbell Soup Cocs	$1,080,000	–	26,641	–	0.79%	–
ISCA	New	International Speedway Corp Clcl a	$919,000	–	20,569	–	0.68%	–
WU	New	Western Union Cocs	$786,000	–	38,668	–	0.58%	–
MGM	New	MGM Resorts Internationalcs	$747,000	–	25,725	–	0.55%	–
CVS	New	CVS Health Corpcs	$710,000	–	11,035	–	0.52%	–
AMCX	New	AMC Networks Inccl a	$682,000	–	10,961	–	0.50%	–
ELY	New	Callaway Golf Cocs	$676,000	–	35,619	–	0.50%	–
AXP	New	American Express Cocs	$624,000	–	6,370	–	0.46%	–
WM	New	Waste Management Inccs	$613,000	–	7,531	–	0.45%	–
REIS	New	Reis Inccs	$611,000	–	28,036	–	0.45%	–
VZ	New	Verizon Communications Inccs	$584,000	–	11,602	–	0.43%	–
NDAQ	New	NASDAQ Inccs	$565,000	–	6,193	–	0.42%	–
LH	New	Laboratory Corp America Holdincs	$410,000	–	2,286	–	0.30%	–
PYPL	New	Paypal Holdings Inccs	$405,000	–	4,859	–	0.30%	–
QRTEA	New	Qurate Retail Inc	$362,000	–	17,037	–	0.27%	–
GE	New	General Electric Cocs	$298,000	–	21,869	–	0.22%	–
XOXO	New	XO Group Inccs	$294,000	–	9,200	–	0.22%	–
KMB	New	Kimberly Clark Corpcs	$290,000	–	2,750	–	0.21%	–
MO	New	Altria Group Inccs	$279,000	–	4,920	–	0.20%	–
VAC	New	Marriott Vacations Worldwide Ccs	$254,000	–	2,247	–	0.19%	–
LM	New	Legg Mason Inccs	$240,000	–	6,901	–	0.18%	–
AAPL	New	Apple Inccs	$226,000	–	1,219	–	0.17%	–
GLW	New	Corning Inccs	$220,000	–	8,003	–	0.16%	–
TPHS	New	Trinity Pl Holdings Inccs	$219,000	–	33,440	–	0.16%	–
AXTA	New	Axalta Coating Systems Ltdcs	$212,000	–	6,982	–	0.16%	–
IBM	New	Intl Business Machinescs	$208,000	–	1,492	–	0.15%	–
TSQ	New	Townsquare Media Inc Cl Acl a	$79,000	–	12,235	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
TPHS	Exit	Trinity Pl Holdings Inccs	$0	–	-20,382	–	-0.11%	–
IBM	Exit	Intl Business Machinescs	$0	–	-1,542	–	-0.17%	–
XOXO	Exit	XO Group Inccs	$0	–	-11,500	–	-0.17%	–
GLW	Exit	Corning Inccs	$0	–	-8,003	–	-0.18%	–
AAPL	Exit	Apple Inccs	$0	–	-1,739	–	-0.20%	–
LM	Exit	Legg Mason Inccs	$0	–	-7,237	–	-0.21%	–
VAC	Exit	Marriott Vacations Worldwide Ccs	$0	–	-2,330	–	-0.22%	–
MO	Exit	Altria Group Inccs	$0	–	-4,920	–	-0.23%	–
KMB	Exit	Kimberly Clark Corpcs	$0	–	-2,750	–	-0.24%	–
PYPL	Exit	Paypal Holdings Inccs	$0	–	-5,154	–	-0.25%	–
QRTEA	Exit	Liberty Interactive Corp	$0	–	-16,197	–	-0.28%	–
NDAQ	Exit	NASDAQ Inccs	$0	–	-5,718	–	-0.33%	–
LH	Exit	Laboratory Corp America Holdincs	$0	–	-3,326	–	-0.38%	–
REIS	Exit	Reis Inccs	$0	–	-27,937	–	-0.38%	–
ELY	Exit	Callaway Golf Cocs	$0	–	-37,394	–	-0.40%	–
AXP	Exit	American Express Cocs	$0	–	-6,319	–	-0.43%	–
WM	Exit	Waste Management Inccs	$0	–	-7,931	–	-0.46%	–
AMCX	Exit	AMC Networks Inccl a	$0	–	-11,236	–	-0.49%	–
WU	Exit	Western Union Cocs	$0	–	-34,504	–	-0.49%	–
VZ	Exit	Verizon Communications Inccs	$0	–	-13,417	–	-0.50%	–
ISCA	Exit	International Speedway Corp Clcl a	$0	–	-21,749	–	-0.58%	–
MGM	Exit	MGM Resorts Internationalcs	$0	–	-25,425	–	-0.62%	–
CVS	Exit	CVS Health Corpcs	$0	–	-11,415	–	-0.69%	–
BR	Exit	Broadridge Financial Solutionscs	$0	–	-11,940	–	-0.72%	–
ENR	Exit	Energizer Holdings Inccs	$0	–	-23,327	–	-0.80%	–
EAT	Exit	Brinker Intl Inccs	$0	–	-36,044	–	-0.86%	–
MCD	Exit	McDonalds Corpcs	$0	–	-7,865	–	-0.92%	–
CPB	Exit	Campbell Soup Cocs	$0	–	-26,614	–	-0.93%	–
SYY	Exit	Sysco Corpcs	$0	–	-28,169	–	-1.14%	–
TGT	Exit	Target Corpcs	$0	–	-26,031	–	-1.15%	–
DISCK	Exit	Discovery Communications	$0	–	-79,413	–	-1.20%	–
EPC	Exit	Edgewell Pers Care Cocs	$0	–	-22,950	–	-1.25%	–
KSS	Exit	Kohls Corpcs	$0	–	-37,861	–	-1.29%	–
WEN	Exit	Wendys Cocs	$0	–	-115,781	–	-1.34%	–
CNDT	Exit	Conduent Inccs	$0	–	-121,094	–	-1.42%	–
CSCO	Exit	Cisco Systems Inccs	$0	–	-56,701	–	-1.42%	–
TRCO	Exit	Tribune Media Cocl a	$0	–	-47,907	–	-1.46%	–
GE	Exit	General Electric Cocs	$0	–	-81,114	–	-1.46%	–
COH	Exit	Coach Inccs	$0	–	-50,251	–	-1.51%	–
C	Exit	Citigroup Inccs	$0	–	-31,627	–	-1.72%	–
KHC	Exit	Kraft Heinz Cocs	$0	–	-29,870	–	-1.73%	–
CCL	Exit	Carnival Corpcs	$0	–	-36,703	–	-1.77%	–
BMY	Exit	Bristol-Myers Squibb Cocs	$0	–	-40,257	–	-1.92%	–
INTC	Exit	Intel Corpcs	$0	–	-67,572	–	-1.92%	–
SMG	Exit	Scotts Miracle-Gro Cocl a	$0	–	-27,113	–	-1.97%	–
HBI	Exit	Hanesbrands Inccs	$0	–	-107,851	–	-1.98%	–
MAR	Exit	Marriott Intl Inccl a	$0	–	-24,623	–	-2.03%	–
UPS	Exit	United Parcel Service Inccl b	$0	–	-23,491	–	-2.11%	–
JNJ	Exit	Johnson & Johnsoncs	$0	–	-22,541	–	-2.19%	–
MDLZ	Exit	Mondelez Intl Inccl a	$0	–	-72,313	–	-2.20%	–
MSGN	Exit	Msg Network Inccl a	$0	–	-142,144	–	-2.25%	–
ILG	Exit	Ilg Inccs	$0	–	-116,199	–	-2.32%	–
DIS	Exit	Disney Walt Co	$0	–	-34,352	–	-2.53%	–
CLX	Exit	Clorox Cocs	$0	–	-26,461	–	-2.61%	–
CMCSA	Exit	Comcast Corpcl a	$0	–	-101,265	–	-2.91%	–
BK	Exit	Bank New York Mellon Corpcs	$0	–	-79,390	–	-3.14%	–
MSGS	Exit	Madison Square Garden Co Cl Acl a	$0	–	-21,441	–	-3.43%	–
AMP	Exit	Ameriprise Financial Inccs	$0	–	-32,968	–	-3.66%	–
BAC	Exit	Bank America Corpcs	$0	–	-194,762	–	-3.69%	–
PFE	Exit	Pfizer Inccs	$0	–	-151,584	–	-4.04%	–
TRV	Exit	Travelers Companies Inccs	$0	–	-48,458	–	-4.44%	–
JPM	Exit	JPMorgan Chase & Cocs	$0	–	-69,385	–	-4.95%	–
MSFT	Exit	Microsoft Corpcs	$0	–	-99,499	–	-5.54%	–
HD	Exit	Home Depot Inccs	$0	–	-49,774	–	-6.08%	–

Q3 2017

			Value		Shares		↓ Weighting
HD	Sell	Home Depot Inccs	$8,141,000	+5.2%	49,774	-1.4%	6.08%	+6.9%
MSFT	Sell	Microsoft Corpcs	$7,412,000	+6.4%	99,499	-1.5%	5.54%	+8.1%
JPM	Sell	JPMorgan Chase & Cocs	$6,627,000	+3.2%	69,385	-1.2%	4.95%	+4.9%
TRV	Sell	Travelers Companies Inccs	$5,937,000	-4.2%	48,458	-1.1%	4.44%	-2.6%
PFE	Sell	Pfizer Inccs	$5,412,000	+5.4%	151,584	-0.8%	4.04%	+7.2%
BAC	Sell	Bank America Corpcs	$4,935,000	+4.2%	194,762	-0.2%	3.69%	+5.9%
AMP	Sell	Ameriprise Financial Inccs	$4,896,000	+16.3%	32,968	-0.3%	3.66%	+18.2%
MSGS	Sell	Madison Square Garden Co Cl Acl a	$4,591,000	+7.4%	21,441	-1.2%	3.43%	+9.2%
BK	Sell	Bank New York Mellon Corpcs	$4,209,000	+3.1%	79,390	-0.8%	3.14%	+4.8%
CMCSA	Sell	Comcast Corpcl a	$3,897,000	-2.8%	101,265	-1.7%	2.91%	-1.2%
CLX	Sell	Clorox Cocs	$3,490,000	-3.1%	26,461	-2.1%	2.61%	-1.5%
DIS	Sell	Disney Walt Co	$3,386,000	-7.4%	34,352	-0.2%	2.53%	-5.9%
ILG	Sell	Ilg Inccs	$3,106,000	-4.8%	116,199	-2.0%	2.32%	-3.2%
MSGN	Sell	Msg Network Inccl a	$3,013,000	-6.9%	142,144	-1.4%	2.25%	-5.3%
MDLZ	Sell	Mondelez Intl Inccl a	$2,940,000	-6.5%	72,313	-0.6%	2.20%	-4.9%
JNJ	Sell	Johnson & Johnsoncs	$2,931,000	-2.8%	22,541	-1.1%	2.19%	-1.2%
UPS	Sell	United Parcel Service Inccl b	$2,821,000	+7.8%	23,491	-0.8%	2.11%	+9.5%
MAR	Sell	Marriott Intl Inccl a	$2,715,000	+8.3%	24,623	-1.4%	2.03%	+10.1%
HBI	Sell	Hanesbrands Inccs	$2,657,000	+4.4%	107,851	-1.9%	1.98%	+6.1%
SMG	Sell	Scotts Miracle-Gro Cocl a	$2,639,000	+6.8%	27,113	-1.9%	1.97%	+8.5%
CCL	Sell	Carnival Corpcs	$2,370,000	-3.5%	36,703	-2.0%	1.77%	-1.9%
KHC	Sell	Kraft Heinz Cocs	$2,316,000	-9.8%	29,870	-0.4%	1.73%	-8.4%
C	Buy	Citigroup Inccs	$2,301,000	+10.2%	31,627	+1.3%	1.72%	+12.0%
COH	Sell	Coach Inccs	$2,024,000	-16.0%	50,251	-1.3%	1.51%	-14.6%
GE	Sell	General Electric Cocs	$1,961,000	-10.6%	81,114	-0.1%	1.46%	-9.1%
TRCO	Sell	Tribune Media Cocl a	$1,957,000	-2.5%	47,907	-2.7%	1.46%	-0.9%
CSCO	Sell	Cisco Systems Inccs	$1,907,000	+6.6%	56,701	-0.8%	1.42%	+8.3%
CNDT	New	Conduent Inccs	$1,898,000	–	121,094	–	1.42%	–
WEN	Sell	Wendys Cocs	$1,798,000	-2.4%	115,781	-2.6%	1.34%	-0.8%
KSS	Sell	Kohls Corpcs	$1,728,000	+17.5%	37,861	-0.5%	1.29%	+19.4%
EPC	Sell	Edgewell Pers Care Cocs	$1,670,000	-5.4%	22,950	-1.2%	1.25%	-3.9%
DISCK	Sell	Discovery Communications	$1,609,000	-20.5%	79,413	-1.1%	1.20%	-19.2%
TGT	Sell	Target Corpcs	$1,536,000	+11.0%	26,031	-1.7%	1.15%	+12.8%
SYY	Sell	Sysco Corpcs	$1,520,000	+6.0%	28,169	-1.1%	1.14%	+7.7%
CPB	Sell	Campbell Soup Cocs	$1,246,000	-11.8%	26,614	-1.7%	0.93%	-10.3%
MCD	Sell	McDonalds Corpcs	$1,232,000	-4.4%	7,865	-6.6%	0.92%	-2.9%
EAT	Sell	Brinker Intl Inccs	$1,148,000	-20.1%	36,044	-4.5%	0.86%	-18.8%
ENR	Sell	Energizer Holdings Inccs	$1,074,000	-4.7%	23,327	-0.6%	0.80%	-3.1%
BR	Sell	Broadridge Financial Solutionscs	$965,000	+0.5%	11,940	-6.0%	0.72%	+2.1%
CVS	Sell	CVS Health Corpcs	$928,000	-4.6%	11,415	-5.6%	0.69%	-3.1%
MGM	Sell	MGM Resorts Internationalcs	$829,000	+1.7%	25,425	-2.4%	0.62%	+3.3%
ISCA	Sell	International Speedway Corp Clcl a	$783,000	-8.0%	21,749	-4.1%	0.58%	-6.4%
VZ	Sell	Verizon Communications Inccs	$664,000	+4.6%	13,417	-5.6%	0.50%	+6.2%
WU	Buy	Western Union Cocs	$662,000	+15.7%	34,504	+14.9%	0.49%	+17.6%
WM	Sell	Waste Management Inccs	$621,000	+1.3%	7,931	-5.1%	0.46%	+2.9%
AXP	Sell	American Express Cocs	$572,000	+5.7%	6,319	-1.6%	0.43%	+7.3%
ELY	Sell	Callaway Golf Cocs	$540,000	+11.6%	37,394	-1.3%	0.40%	+13.2%
REIS	Sell	Reis Inccs	$503,000	-16.4%	27,937	-1.3%	0.38%	-14.9%
LH	Sell	Laboratory Corp America Holdincs	$502,000	-7.6%	3,326	-5.7%	0.38%	-6.0%
QRTEA	Sell	Liberty Interactive Corp	$382,000	-12.2%	16,197	-8.7%	0.28%	-10.9%
PYPL	Sell	Paypal Holdings Inccs	$330,000	+16.6%	5,154	-2.2%	0.25%	+18.3%
VAC	Sell	Marriott Vacations Worldwide Ccs	$290,000	+4.3%	2,330	-1.2%	0.22%	+6.4%
LM	Sell	Legg Mason Inccs	$284,000	-3.4%	7,237	-6.1%	0.21%	-1.9%
AAPL	Sell	Apple Inccs	$268,000	-17.5%	1,739	-23.0%	0.20%	-16.3%
HOG	Exit	Harley-Davidson Inccs	$0	–	-3,921	–	-0.16%	–
DBD	Exit	Diebold Nxdf Inccs	$0	–	-8,498	–	-0.18%	–
BBBY	Exit	Bed Bath & Beyond Inccs	$0	–	-31,584	–	-0.71%	–
SPLS	Exit	Staples Inccs	$0	–	-111,108	–	-0.82%	–
TWX	Exit	Time Warner Inccs	$0	–	-27,260	–	-2.01%	–

Q2 2017

			Value		Shares		↓ Weighting
HD	New	Home Depot Inccs	$7,741,000	–	50,462	–	5.69%	–
MSFT	New	Microsoft Corpcs	$6,966,000	–	101,059	–	5.12%	–
JPM	New	JPMorgan Chase & Cocs	$6,420,000	–	70,235	–	4.72%	–
TRV	New	Travelers Companies Inccs	$6,197,000	–	48,978	–	4.55%	–
PFE	New	Pfizer Inccs	$5,133,000	–	152,806	–	3.77%	–
BAC	New	Bank America Corpcs	$4,735,000	–	195,170	–	3.48%	–
MSGS	New	Madison Square Garden Cocl a	$4,274,000	–	21,704	–	3.14%	–
AMP	New	Ameriprise Financial Inccs	$4,209,000	–	33,068	–	3.09%	–
BK	New	Bank New York Mellon Corpcs	$4,083,000	–	80,030	–	3.00%	–
CMCSA	New	Comcast Corpcl a	$4,008,000	–	102,985	–	2.95%	–
DIS	New	Disney Walt Co	$3,657,000	–	34,422	–	2.69%	–
CLX	New	Clorox Cocs	$3,602,000	–	27,037	–	2.65%	–
ILG	New	Ilg Inccs	$3,261,000	–	118,609	–	2.40%	–
MSGN	New	Msg Network Inccl a	$3,235,000	–	144,101	–	2.38%	–
MDLZ	New	Mondelez Intl Inccl a	$3,143,000	–	72,763	–	2.31%	–
JNJ	New	Johnson & Johnsoncs	$3,014,000	–	22,781	–	2.22%	–
TWX	New	Time Warner Inccs	$2,737,000	–	27,260	–	2.01%	–
UPS	New	United Parcel Service Inccl b	$2,618,000	–	23,676	–	1.92%	–
KHC	New	Kraft Heinz Cocs	$2,569,000	–	29,995	–	1.89%	–
HBI	New	Hanesbrands Inccs	$2,545,000	–	109,887	–	1.87%	–
MAR	New	Marriott Intl Inccl a	$2,506,000	–	24,983	–	1.84%	–
SMG	New	Scotts Miracle-Gro Cocl a	$2,472,000	–	27,632	–	1.82%	–
CCL	New	Carnival Corpcs	$2,456,000	–	37,456	–	1.80%	–
COH	New	Coach Inccs	$2,409,000	–	50,896	–	1.77%	–
INTC	New	Intel Corpcs	$2,280,000	–	67,572	–	1.68%	–
BMY	New	Bristol-Myers Squibb Cocs	$2,243,000	–	40,257	–	1.65%	–
GE	New	General Electric Cocs	$2,194,000	–	81,214	–	1.61%	–
C	New	Citigroup Inccs	$2,088,000	–	31,227	–	1.54%	–
DISCK	New	Discovery Communications New	$2,025,000	–	80,315	–	1.49%	–
TRCO	New	Tribune Media Cocl a	$2,008,000	–	49,253	–	1.48%	–
WEN	New	Wendys Cocs	$1,843,000	–	118,848	–	1.35%	–
CSCO	New	Cisco Systems Inccs	$1,789,000	–	57,141	–	1.32%	–
EPC	New	Edgewell Pers Care Cocs	$1,766,000	–	23,230	–	1.30%	–
KSS	New	Kohls Corpcs	$1,471,000	–	38,050	–	1.08%	–
EAT	New	Brinker Intl Inccs	$1,437,000	–	37,726	–	1.06%	–
SYY	New	Sysco Corpcs	$1,434,000	–	28,489	–	1.05%	–
CPB	New	Campbell Soup Cocs	$1,412,000	–	27,082	–	1.04%	–
TGT	New	Target Corpcs	$1,384,000	–	26,473	–	1.02%	–
MCD	New	McDonalds Corpcs	$1,289,000	–	8,417	–	0.95%	–
ENR	New	Energizer Holdings Inccs	$1,127,000	–	23,467	–	0.83%	–
SPLS	New	Staples Inccs	$1,119,000	–	111,108	–	0.82%	–
CVS	New	CVS Health Corpcs	$973,000	–	12,095	–	0.72%	–
BBBY	New	Bed Bath & Beyond Inccs	$960,000	–	31,584	–	0.71%	–
BR	New	Broadridge Financial Solutionscs	$960,000	–	12,700	–	0.71%	–
ISCA	New	International Speedway Corpcl a	$851,000	–	22,676	–	0.62%	–
MGM	New	MGM Resorts Internationalcs	$815,000	–	26,050	–	0.60%	–
VZ	New	Verizon Communications Inccs	$635,000	–	14,208	–	0.47%	–
WM	New	Waste Management Inccs	$613,000	–	8,361	–	0.45%	–
REIS	New	Reis Inccs	$602,000	–	28,317	–	0.44%	–
AMCX	New	AMC Networks Inccl a	$600,000	–	11,236	–	0.44%	–
WU	New	Western Union Cocs	$572,000	–	30,042	–	0.42%	–
LH	New	Laboratory Corp America Holdincs	$543,000	–	3,526	–	0.40%	–
AXP	New	American Express Cocs	$541,000	–	6,419	–	0.40%	–
ELY	New	Callaway Golf Cocs	$484,000	–	37,894	–	0.36%	–
QRTEA	New	Liberty Interactive Corp	$435,000	–	17,737	–	0.32%	–
NDAQ	New	NASDAQ Inccs	$409,000	–	5,718	–	0.30%	–
MO	New	Altria Group Inccs	$366,000	–	4,920	–	0.27%	–
KMB	New	Kimberly Clark Corpcs	$355,000	–	2,750	–	0.26%	–
AAPL	New	Apple Inccs	$325,000	–	2,259	–	0.24%	–
LM	New	Legg Mason Inccs	$294,000	–	7,709	–	0.22%	–
PYPL	New	Paypal Holdings Inccs	$283,000	–	5,270	–	0.21%	–
VAC	New	Marriott Vacations Worldwidecs	$278,000	–	2,358	–	0.20%	–
GLW	New	Corning Inccs	$240,000	–	8,003	–	0.18%	–
DBD	New	Diebold Nxdf Inccs	$238,000	–	8,498	–	0.18%	–
IBM	New	Intl Business Machinescs	$237,000	–	1,542	–	0.17%	–
HOG	New	Harley-Davidson Inccs	$212,000	–	3,921	–	0.16%	–
XOXO	New	XO Group Inccs	$203,000	–	11,500	–	0.15%	–
TPHS	New	Trinity Pl Holdings Inccs	$145,000	–	20,382	–	0.11%	–

Q4 2016

			Value		Shares		↓ Weighting
TPHS	Exit	Trinity Pl Holdings Inccs	$0	–	-19,400	–	-0.15%	–
QRTEA	Exit	Liberty Interactive Corporatiocs	$0	–	-10,202	–	-0.16%	–
HOG	Exit	Harley-Davidson Inccs	$0	–	-3,921	–	-0.16%	–
IBM	Exit	International Business Machinecs	$0	–	-1,342	–	-0.17%	–
XOXO	Exit	XO Group Inccs	$0	–	-11,500	–	-0.18%	–
PYPL	Exit	Paypal Holdings Inccs	$0	–	-5,780	–	-0.19%	–
DBD	Exit	Diebold Inccs	$0	–	-9,718	–	-0.19%	–
AAPL	Exit	Apple Inccs	$0	–	-2,359	–	-0.21%	–
MO	Exit	Altria Group Inccs	$0	–	-4,920	–	-0.24%	–
KMB	Exit	Kimberly Clark Corpcs	$0	–	-2,750	–	-0.27%	–
AXP	Exit	American Express Cocs	$0	–	-6,920	–	-0.35%	–
ELY	Exit	Callaway Golf Cocs	$0	–	-39,644	–	-0.36%	–
NDAQ	Exit	Nasdaq Inc Comcs	$0	–	-6,843	–	-0.36%	–
WM	Exit	Waste Management Inccs	$0	–	-8,496	–	-0.43%	–
LH	Exit	Laboratory Corp America Holdincs	$0	–	-4,006	–	-0.44%	–
REIS	Exit	Reis Inccs	$0	–	-28,100	–	-0.45%	–
AMCX	Exit	AMC Networks Inccl a	$0	–	-11,515	–	-0.47%	–
WU	Exit	Western Union Cocs	$0	–	-31,338	–	-0.52%	–
MGM	Exit	MGM Resorts Internationalcs	$0	–	-27,625	–	-0.57%	–
VZ	Exit	Verizon Communications Inccs	$0	–	-14,208	–	-0.58%	–
ISCA	Exit	International Speedway Corpcl a	$0	–	-24,121	–	-0.64%	–
BR	Exit	Broadridge Financial Solutionscs	$0	–	-13,604	–	-0.73%	–
MCD	Exit	McDonalds Corpcs	$0	–	-8,572	–	-0.78%	–
SPLS	Exit	Staples Inccs	$0	–	-118,124	–	-0.80%	–
CVS	Exit	CVS Health Corporationcs	$0	–	-12,145	–	-0.85%	–
ENR	Exit	Energizer Holdings Inccs	$0	–	-24,022	–	-0.95%	–
WEN	Exit	Wendys Cocs	$0	–	-124,813	–	-1.06%	–
BBBY	Exit	Bed Bath & Beyond Inccs	$0	–	-32,922	–	-1.12%	–
SYY	Exit	Sysco Corpcs	$0	–	-29,063	–	-1.12%	–
CPB	Exit	Campbell Soup Cocs	$0	–	-27,587	–	-1.19%	–
C	Exit	Citigroup Inccs	$0	–	-32,370	–	-1.21%	–
KSS	Exit	Kohls Corpcs	$0	–	-39,793	–	-1.37%	–
TRCO	Exit	Tribune Media Cocl a	$0	–	-47,919	–	-1.38%	–
CSCO	Exit	Cisco Systems Inccs	$0	–	-57,371	–	-1.44%	–
MAR	Exit	Marriott Intl Inccl a	$0	–	-27,450	–	-1.46%	–
EAT	Exit	Brinker Intl Inccs	$0	–	-37,264	–	-1.48%	–
CCL	Exit	Carnival Corpcs	$0	–	-38,668	–	-1.49%	–
EPC	Exit	Edgewell Pers Care Cocs	$0	–	-23,779	–	-1.49%	–
TGT	Exit	Target Corpcs	$0	–	-27,756	–	-1.50%	–
COH	Exit	Coach Inccs	$0	–	-53,468	–	-1.54%	–
DISCK	Exit	Discovery Communications	$0	–	-78,399	–	-1.63%	–
IILG	Exit	Interval Leisure Group Inccs	$0	–	-126,451	–	-1.71%	–
BMY	Exit	Bristol-Myers Squibb Cocs	$0	–	-41,205	–	-1.75%	–
SMG	Exit	Scotts Miracle-Gro Cocl a	$0	–	-29,751	–	-1.96%	–
GE	Exit	General Electric Cocs	$0	–	-84,124	–	-1.97%	–
INTC	Exit	Intel Corpcs	$0	–	-70,005	–	-2.09%	–
HBI	Exit	Hanesbrands Inccs	$0	–	-107,900	–	-2.15%	–
JNJ	Exit	Johnson & Johnsoncs	$0	–	-23,124	–	-2.16%	–
KHC	Exit	Kraft Heinz Cocs	$0	–	-30,529	–	-2.16%	–
MSGN	Exit	Msg Network Inccl a	$0	–	-147,268	–	-2.16%	–
UPS	Exit	United Parcel Service Inccl b	$0	–	-25,137	–	-2.17%	–
BAC	Exit	Bank of America Corporationcs	$0	–	-202,551	–	-2.50%	–
MDLZ	Exit	Mondelez Intl Inccl a	$0	–	-74,554	–	-2.58%	–
BK	Exit	Bank of New York Mellon Corpcs	$0	–	-82,958	–	-2.61%	–
DIS	Exit	Disney Walt Co Disney	$0	–	-35,784	–	-2.62%	–
AMP	Exit	Ameriprise Financial Inccs	$0	–	-34,398	–	-2.71%	–
CLX	Exit	Clorox Cocs	$0	–	-27,801	–	-2.75%	–
CMCSA	Exit	Comcast Corpcl a	$0	–	-52,890	–	-2.77%	–
MSGS	Exit	Madison Square Garden Cocl a	$0	–	-22,355	–	-2.99%	–
TWX	Exit	Time Warner Inccs	$0	–	-58,763	–	-3.69%	–
JPM	Exit	JPMorgan Chase & Cocs	$0	–	-72,826	–	-3.83%	–
PFE	Exit	Pfizer Inccs	$0	–	-157,119	–	-4.20%	–
TRV	Exit	Travelers Companies Inccs	$0	–	-51,065	–	-4.62%	–
MSFT	Exit	Microsoft Corpcs	$0	–	-105,223	–	-4.78%	–
HD	Exit	Home Depot Inccs	$0	–	-52,868	–	-5.37%	–

Q3 2016

			Value		Shares		↓ Weighting
HD	Sell	Home Depot Inccs	$6,803,000	-1.7%	52,868	-2.4%	5.37%	-2.1%
MSFT	Sell	Microsoft Corpcs	$6,061,000	+10.9%	105,223	-1.4%	4.78%	+10.4%
TRV	Sell	Travelers Companies Inccs	$5,849,000	-5.3%	51,065	-1.6%	4.62%	-5.7%
PFE	Sell	Pfizer Inccs	$5,322,000	-5.1%	157,119	-1.3%	4.20%	-5.5%
JPM	Sell	JPMorgan Chase & Cocs	$4,849,000	+5.2%	72,826	-1.9%	3.83%	+4.7%
TWX	Sell	Time Warner Inccs	$4,678,000	+6.4%	58,763	-1.7%	3.69%	+5.9%
MSGS	Sell	Madison Square Garden Cocl a	$3,787,000	-3.9%	22,355	-2.2%	2.99%	-4.4%
CMCSA	Sell	Comcast Corpcl a	$3,509,000	+1.4%	52,890	-0.4%	2.77%	+0.9%
CLX	Sell	Clorox Cocs	$3,480,000	-11.4%	27,801	-2.0%	2.75%	-11.8%
AMP	Sell	Ameriprise Financial Inccs	$3,432,000	+10.0%	34,398	-0.9%	2.71%	+9.5%
DIS	Sell	Disney Walt Co Disney	$3,323,000	-5.2%	35,784	-0.2%	2.62%	-5.7%
BK	Sell	Bank of New York Mellon Corpcs	$3,308,000	+1.2%	82,958	-1.4%	2.61%	+0.7%
MDLZ	Sell	Mondelez Intl Inccl a	$3,273,000	-6.1%	74,554	-2.6%	2.58%	-6.5%
BAC	Sell	Bank of America Corporationcs	$3,170,000	+11.7%	202,551	-5.3%	2.50%	+11.2%
UPS	Sell	United Parcel Service Inccl b	$2,749,000	+1.0%	25,137	-0.5%	2.17%	+0.5%
MSGN	Sell	Msg Network Inccl a	$2,741,000	+19.0%	147,268	-1.9%	2.16%	+18.5%
JNJ	Sell	Johnson & Johnsoncs	$2,732,000	-3.0%	23,124	-0.4%	2.16%	-3.4%
KHC	Sell	Kraft Heinz Cocs	$2,733,000	-0.5%	30,529	-1.6%	2.16%	-1.0%
HBI	Sell	Hanesbrands Inccs	$2,724,000	+0.3%	107,900	-0.2%	2.15%	-0.2%
INTC	Sell	Intel Corpcs	$2,643,000	+13.6%	70,005	-1.3%	2.09%	+13.1%
GE	Sell	General Electric Cocs	$2,492,000	-8.4%	84,124	-2.7%	1.97%	-8.9%
SMG	Sell	Scotts Miracle-Gro Cocl a	$2,477,000	+17.5%	29,751	-1.4%	1.96%	+16.9%
BMY	Sell	Bristol-Myers Squibb Cocs	$2,222,000	-27.9%	41,205	-1.6%	1.75%	-28.2%
IILG	Sell	Interval Leisure Group Inccs	$2,171,000	+6.3%	126,451	-1.6%	1.71%	+5.8%
DISCK	Sell	Discovery Communications	$2,063,000	+7.1%	78,399	-2.9%	1.63%	+6.6%
COH	Sell	Coach Inccs	$1,955,000	-13.2%	53,468	-3.3%	1.54%	-13.7%
TGT	Sell	Target Corpcs	$1,906,000	-4.0%	27,756	-2.4%	1.50%	-4.4%
EPC	Sell	Edgewell Pers Care Cocs	$1,891,000	-6.3%	23,779	-0.6%	1.49%	-6.7%
CCL	Sell	Carnival Corpcs	$1,888,000	+8.1%	38,668	-2.2%	1.49%	+7.6%
EAT	New	Brinker Intl Inccs	$1,879,000	–	37,264	–	1.48%	–
MAR	Sell	Marriott Intl Inccl a	$1,848,000	+0.1%	27,450	-1.2%	1.46%	-0.3%
CSCO	Buy	Cisco Systems Inccs	$1,820,000	+10.8%	57,371	+0.3%	1.44%	+10.4%
TRCO	Sell	Tribune Media Cocl a	$1,750,000	-9.3%	47,919	-2.7%	1.38%	-9.7%
KSS	Sell	Kohls Corpcs	$1,741,000	+8.9%	39,793	-5.6%	1.37%	+8.4%
C	Sell	Citigroup Inccs	$1,529,000	+9.6%	32,370	-1.6%	1.21%	+9.1%
SYY	Sell	Sysco Corpcs	$1,424,000	-22.7%	29,063	-19.9%	1.12%	-23.1%
BBBY	Sell	Bed Bath & Beyond Inccs	$1,419,000	-5.8%	32,922	-5.6%	1.12%	-6.3%
WEN	Sell	Wendys Cocs	$1,348,000	+11.3%	124,813	-0.9%	1.06%	+10.8%
ENR	Sell	Energizer Holdings Inccs	$1,200,000	-3.5%	24,022	-0.5%	0.95%	-4.1%
CVS	Sell	CVS Health Corporationcs	$1,081,000	-7.4%	12,145	-0.4%	0.85%	-7.9%
SPLS	Sell	Staples Inccs	$1,010,000	-17.6%	118,124	-16.9%	0.80%	-17.9%
MCD	Sell	McDonalds Corpcs	$989,000	-11.4%	8,572	-7.5%	0.78%	-11.8%
BR	Sell	Broadridge Financial Solutionscs	$922,000	+3.0%	13,604	-0.9%	0.73%	+2.5%
ISCA	Sell	International Speedway Corpcl a	$806,000	-5.5%	24,121	-5.4%	0.64%	-5.9%
MGM	Sell	MGM Resorts Internationalcs	$719,000	+13.2%	27,625	-1.6%	0.57%	+12.7%
WU	Sell	Western Union Cocs	$652,000	-1.2%	31,338	-9.0%	0.52%	-1.5%
AMCX	Sell	AMC Networks Inccl a	$597,000	-15.0%	11,515	-0.9%	0.47%	-15.4%
NDAQ	Sell	Nasdaq Inc Comcs	$462,000	-21.7%	6,843	-25.0%	0.36%	-22.0%
ELY	Sell	Callaway Golf Cocs	$460,000	+1.1%	39,644	-11.0%	0.36%	+0.6%
DBD	Sell	Diebold Inccs	$241,000	-13.6%	9,718	-13.6%	0.19%	-14.0%
PYPL	Sell	Paypal Holdings Inccs	$237,000	-4.0%	5,780	-14.5%	0.19%	-4.6%
HOG	Sell	Harley-Davidson Inccs	$206,000	-1.9%	3,921	-15.5%	0.16%	-2.4%
QRTEA	Sell	Liberty Interactive Corporatiocs	$204,000	-29.2%	10,202	-10.1%	0.16%	-29.4%

Q2 2016

			Value		Shares		↓ Weighting
HD	New	Home Depot Inccs	$6,919,000	–	54,184	–	5.49%	–
TRV	New	Travelers Companies Inccs	$6,175,000	–	51,877	–	4.90%	–
PFE	New	Pfizer Inccs	$5,606,000	–	159,211	–	4.45%	–
MSFT	New	Microsoft Corpcs	$5,463,000	–	106,767	–	4.33%	–
JPM	New	JPMorgan Chase & Cocs	$4,611,000	–	74,211	–	3.66%	–
TWX	New	Time Warner Inccs	$4,396,000	–	59,778	–	3.49%	–
MSGS	New	Madison Square Garden Cocl a	$3,942,000	–	22,851	–	3.13%	–
CLX	New	Clorox Cocs	$3,927,000	–	28,378	–	3.11%	–
DIS	New	Disney Walt Co Disney	$3,507,000	–	35,847	–	2.78%	–
MDLZ	New	Mondelez Intl Inccl a	$3,485,000	–	76,579	–	2.76%	–
CMCSA	New	Comcast Corpcl a	$3,462,000	–	53,110	–	2.74%	–
BK	New	Bank of New York Mellon Corpcs	$3,270,000	–	84,177	–	2.59%	–
AMP	New	Ameriprise Financial Inccs	$3,119,000	–	34,714	–	2.47%	–
BMY	New	Bristol-Myers Squibb Cocs	$3,080,000	–	41,879	–	2.44%	–
BAC	New	Bank of America Corporationcs	$2,838,000	–	213,844	–	2.25%	–
JNJ	New	Johnson & Johnsoncs	$2,817,000	–	23,224	–	2.23%	–
KHC	New	Kraft Heinz Cocs	$2,746,000	–	31,030	–	2.18%	–
UPS	New	United Parcel Service Inccl b	$2,722,000	–	25,267	–	2.16%	–
GE	New	General Electric Cocs	$2,721,000	–	86,445	–	2.16%	–
HBI	New	Hanesbrands Inccs	$2,717,000	–	108,100	–	2.16%	–
INTC	New	Intel Corpcs	$2,327,000	–	70,953	–	1.84%	–
MSGN	New	Msg Network Inccl a	$2,303,000	–	150,098	–	1.83%	–
COH	New	Coach Inccs	$2,253,000	–	55,294	–	1.79%	–
SMG	New	Scotts Miracle-Gro Cocl a	$2,108,000	–	30,159	–	1.67%	–
IILG	New	Interval Leisure Group Inccs	$2,043,000	–	128,472	–	1.62%	–
EPC	New	Edgewell Pers Care Cocs	$2,019,000	–	23,914	–	1.60%	–
TGT	New	Target Corpcs	$1,985,000	–	28,435	–	1.57%	–
TRCO	New	Tribune Media Cocl a	$1,929,000	–	49,234	–	1.53%	–
DISCK	New	Discovery Communications	$1,926,000	–	80,740	–	1.53%	–
MAR	New	Marriott Intl Inccl a	$1,846,000	–	27,783	–	1.46%	–
SYY	New	Sysco Corpcs	$1,842,000	–	36,305	–	1.46%	–
CPB	New	Campbell Soup Cocs	$1,835,000	–	27,587	–	1.46%	–
CCL	New	Carnival Corpcs	$1,747,000	–	39,523	–	1.38%	–
CSCO	New	Cisco Systems Inccs	$1,642,000	–	57,221	–	1.30%	–
KSS	New	Kohls Corpcs	$1,598,000	–	42,153	–	1.27%	–
BBBY	New	Bed Bath & Beyond Inccs	$1,507,000	–	34,877	–	1.20%	–
C	New	Citigroup Inccs	$1,395,000	–	32,900	–	1.11%	–
ENR	New	Energizer Holdings Inccs	$1,244,000	–	24,151	–	0.99%	–
SPLS	New	Staples Inccs	$1,225,000	–	142,068	–	0.97%	–
WEN	New	Wendys Cocs	$1,211,000	–	125,930	–	0.96%	–
CVS	New	CVS Health Corporationcs	$1,168,000	–	12,195	–	0.93%	–
MCD	New	McDonalds Corpcs	$1,116,000	–	9,271	–	0.88%	–
BR	New	Broadridge Financial Solutionscs	$895,000	–	13,724	–	0.71%	–
ISCA	New	International Speedway Corpcl a	$853,000	–	25,499	–	0.68%	–
VZ	New	Verizon Communications Inccs	$793,000	–	14,208	–	0.63%	–
AMCX	New	AMC Networks Inccl a	$702,000	–	11,615	–	0.56%	–
REIS	New	Reis Inccs	$700,000	–	28,100	–	0.56%	–
WU	New	Western Union Cocs	$660,000	–	34,424	–	0.52%	–
MGM	New	MGM Resorts Internationalcs	$635,000	–	28,063	–	0.50%	–
NDAQ	New	Nasdaq Inc Comcs	$590,000	–	9,125	–	0.47%	–
WM	New	Waste Management Inccs	$563,000	–	8,496	–	0.45%	–
LH	New	Laboratory Corp America Holdincs	$522,000	–	4,006	–	0.41%	–
ELY	New	Callaway Golf Cocs	$455,000	–	44,519	–	0.36%	–
AXP	New	American Express Cocs	$420,000	–	6,920	–	0.33%	–
KMB	New	Kimberly Clark Corpcs	$378,000	–	2,750	–	0.30%	–
MO	New	Altria Group Inccs	$339,000	–	4,920	–	0.27%	–
QRTEA	New	Liberty Interactive Corporatiocs	$288,000	–	11,347	–	0.23%	–
DBD	New	Diebold Inccs	$279,000	–	11,243	–	0.22%	–
PYPL	New	Paypal Holdings Inccs	$247,000	–	6,761	–	0.20%	–
AAPL	New	Apple Inccs	$226,000	–	2,359	–	0.18%	–
HOG	New	Harley-Davidson Inccs	$210,000	–	4,642	–	0.17%	–
IBM	New	International Business Machinecs	$204,000	–	1,342	–	0.16%	–
XOXO	New	XO Group Inccs	$200,000	–	11,500	–	0.16%	–
TPHS	New	Trinity Pl Holdings Inccs	$149,000	–	19,400	–	0.12%	–

Q4 2015

			Value		Shares		↓ Weighting
TPHS	Exit	Trinity Pl Holdings Inccs	$0	–	-19,400	–	-0.10%	–
XOXO	Exit	XO Group Inccs	$0	–	-11,500	–	-0.14%	–
AAPL	Exit	Apple Inccs	$0	–	-2,359	–	-0.22%	–
MO	Exit	Altria Group Inccs	$0	–	-4,920	–	-0.23%	–
QRTEA	Exit	Liberty Interactive Corporatiocs	$0	–	-11,137	–	-0.25%	–
KMB	Exit	Kimberly Clark Corpcs	$0	–	-2,900	–	-0.27%	–
MSGS	Exit	Madison Square Garden Cocl a	$0	–	-2,305	–	-0.30%	–
ELY	Exit	Callaway Golf Cocs	$0	–	-42,564	–	-0.30%	–
DBD	Exit	Diebold Inccs	$0	–	-12,238	–	-0.31%	–
IBM	Exit	International Business Machinecs	$0	–	-2,842	–	-0.35%	–
WM	Exit	Waste Management Inccs	$0	–	-8,546	–	-0.36%	–
LH	Exit	Laboratory Corp America Holdincs	$0	–	-4,057	–	-0.37%	–
MSGN	Exit	Msg Network Inccl a	$0	–	-6,916	–	-0.42%	–
AXP	Exit	American Express Cocs	$0	–	-6,920	–	-0.44%	–
MGM	Exit	MGM Resorts Internationalcs	$0	–	-28,563	–	-0.45%	–
NDAQ	Exit	Nasdaq Inc Comcs	$0	–	-9,925	–	-0.45%	–
VZ	Exit	Verizon Communications Inccs	$0	–	-14,528	–	-0.54%	–
REIS	Exit	Reis Inccs	$0	–	-28,100	–	-0.54%	–
YHOO	Exit	Yahoo Inccs	$0	–	-24,015	–	-0.59%	–
BR	Exit	Broadridge Financial Solutionscs	$0	–	-14,025	–	-0.66%	–
IILG	Exit	Interval Leisure Group Inccs	$0	–	-42,949	–	-0.67%	–
ISCA	Exit	International Speedway Corpcl a	$0	–	-25,548	–	-0.69%	–
AMCX	Exit	AMC Networks Inccl a	$0	–	-11,915	–	-0.74%	–
ENR	Exit	Energizer Holdings Inccs	$0	–	-23,803	–	-0.78%	–
MCD	Exit	McDonalds Corpcs	$0	–	-9,357	–	-0.78%	–
WU	Exit	Western Union Cocs	$0	–	-55,999	–	-0.87%	–
TRCO	Exit	Tribune Media Cocl a	$0	–	-33,329	–	-1.01%	–
CVS	Exit	CVS Health Corporationcs	$0	–	-12,495	–	-1.02%	–
WEN	Exit	Wendys Cocs	$0	–	-159,190	–	-1.17%	–
CPB	Exit	Campbell Soup Cocs	$0	–	-28,647	–	-1.24%	–
CSCO	Exit	Cisco Systems Inccs	$0	–	-57,821	–	-1.29%	–
SYY	Exit	Sysco Corpcs	$0	–	-39,112	–	-1.30%	–
C	Exit	Citigroup Inccs	$0	–	-33,220	–	-1.40%	–
COH	Exit	Coach Inccs	$0	–	-57,899	–	-1.42%	–
SPLS	Exit	Staples Inccs	$0	–	-147,313	–	-1.47%	–
DISCK	Exit	Discovery Communications	$0	–	-72,872	–	-1.51%	–
SMG	Exit	Scotts Miracle-Gro Cocl a	$0	–	-30,659	–	-1.59%	–
MAR	Exit	Marriott Intl Inccl a	$0	–	-28,383	–	-1.65%	–
BBBY	Exit	Bed Bath & Beyond Inccs	$0	–	-33,982	–	-1.65%	–
EPC	Exit	Edgewell Pers Care Cocs	$0	–	-23,803	–	-1.65%	–
CCL	Exit	Carnival Corpcs	$0	–	-39,512	–	-1.67%	–
KSS	Exit	Kohls Corpcs	$0	–	-45,470	–	-1.79%	–
KHC	Exit	Kraft Heinz Cocs	$0	–	-30,227	–	-1.82%	–
INTC	Exit	Intel Corpcs	$0	–	-71,703	–	-1.84%	–
JNJ	Exit	Johnson & Johnsoncs	$0	–	-23,274	–	-1.85%	–
GE	Exit	General Electric Cocs	$0	–	-87,189	–	-1.87%	–
TGT	Exit	Target Corpcs	$0	–	-28,866	–	-1.93%	–
BMY	Exit	Bristol-Myers Squibb Cocs	$0	–	-42,879	–	-2.16%	–
UPS	Exit	United Parcel Service Inccl b	$0	–	-25,817	–	-2.17%	–
CMCSK	Exit	Comcast Corpcl a spl	$0	–	-50,557	–	-2.46%	–
HBI	Exit	Hanesbrands Inccs	$0	–	-109,520	–	-2.70%	–
MDLZ	Exit	Mondelez Intl Inccl a	$0	–	-77,652	–	-2.77%	–
BAC	Exit	Bank of America Corporationcs	$0	–	-212,945	–	-2.82%	–
CLX	Exit	Clorox Cocs	$0	–	-28,748	–	-2.82%	–
BK	Exit	Bank of New York Mellon Corpcs	$0	–	-85,301	–	-2.84%	–
TWX	Exit	Time Warner Inccs	$0	–	-53,581	–	-3.13%	–
DIS	Exit	Disney Walt Co Disney	$0	–	-36,192	–	-3.15%	–
AMP	Exit	Ameriprise Financial Inccs	$0	–	-36,614	–	-3.40%	–
MSG	Exit	Madison Square Garden Inccl a	$0	–	-57,863	–	-3.55%	–
JPM	Exit	JPMorgan Chase & Cocs	$0	–	-74,705	–	-3.88%	–
MSFT	Exit	Microsoft Corpcs	$0	–	-108,708	–	-4.09%	–
PFE	Exit	Pfizer Inccs	$0	–	-159,311	–	-4.26%	–
TRV	Exit	Travelers Companies Inccs	$0	–	-52,392	–	-4.44%	–
HD	Exit	Home Depot Inccs	$0	–	-54,994	–	-5.40%	–

Q3 2015

			Value		Shares		↓ Weighting
HD	Sell	Home Depot Inccs	$6,351,000	+2.8%	54,994	-1.1%	5.40%	+14.3%
TRV	Sell	Travelers Companies Inccs	$5,215,000	+1.7%	52,392	-1.2%	4.44%	+13.1%
PFE	Sell	Pfizer Inccs	$5,004,000	-7.0%	159,311	-0.7%	4.26%	+3.5%
MSFT	Buy	Microsoft Corpcs	$4,811,000	+0.5%	108,708	+0.3%	4.09%	+11.8%
JPM	Sell	JPMorgan Chase & Cocs	$4,555,000	-11.0%	74,705	-1.1%	3.88%	-1.0%
MSG	Sell	Madison Square Garden Inccl a	$4,174,000	-15.3%	57,863	-1.9%	3.55%	-5.8%
AMP	Sell	Ameriprise Financial Inccs	$3,996,000	-13.2%	36,614	-0.7%	3.40%	-3.5%
DIS	Sell	Disney Walt Co Disney	$3,699,000	-11.0%	36,192	-0.5%	3.15%	-1.0%
TWX	Sell	Time Warner Inccs	$3,684,000	-21.5%	53,581	-0.2%	3.13%	-12.7%
BK	Sell	Bank of New York Mellon Corpcs	$3,340,000	-7.1%	85,301	-0.5%	2.84%	+3.3%
CLX	Sell	Clorox Cocs	$3,321,000	+9.9%	28,748	-1.0%	2.82%	+22.2%
BAC	Buy	Bank of America Corporationcs	$3,318,000	+6.3%	212,945	+16.1%	2.82%	+18.3%
MDLZ	Sell	Mondelez Intl Inccl a	$3,251,000	+1.2%	77,652	-0.6%	2.77%	+12.5%
CMCSK	Sell	Comcast Corpcl a spl	$2,894,000	-5.3%	50,557	-0.8%	2.46%	+5.3%
UPS	Sell	United Parcel Service Inccl b	$2,548,000	+0.9%	25,817	-1.0%	2.17%	+12.2%
BMY	Sell	Bristol-Myers Squibb Cocs	$2,538,000	-12.2%	42,879	-1.3%	2.16%	-2.4%
TGT	Sell	Target Corpcs	$2,271,000	-4.5%	28,866	-0.9%	1.93%	+6.3%
GE	Sell	General Electric Cocs	$2,199,000	-5.4%	87,189	-0.4%	1.87%	+5.2%
JNJ	Sell	Johnson & Johnsoncs	$2,173,000	-4.9%	23,274	-0.7%	1.85%	+5.8%
INTC	Sell	Intel Corpcs	$2,161,000	-1.3%	71,703	-0.4%	1.84%	+9.7%
KHC	New	Kraft Heinz Cocs	$2,133,000	–	30,227	–	1.82%	–
KSS	Buy	Kohls Corpcs	$2,106,000	-24.9%	45,470	+1.5%	1.79%	-16.5%
CCL	Sell	Carnival Corpcs	$1,964,000	+0.6%	39,512	-0.0%	1.67%	+11.9%
EPC	New	Edgewell Pers Care Cocs	$1,942,000	–	23,803	–	1.65%	–
BBBY	Buy	Bed Bath & Beyond Inccs	$1,938,000	-17.2%	33,982	+0.2%	1.65%	-7.9%
MAR	Sell	Marriott Intl Inccl a	$1,936,000	-8.9%	28,383	-0.7%	1.65%	+1.3%
SMG	Buy	Scotts Miracle-Gro Cocl a	$1,865,000	+2.9%	30,659	+0.2%	1.59%	+14.5%
DISCK	Buy	Discovery Communications	$1,770,000	-20.1%	72,872	+2.3%	1.51%	-11.1%
SPLS	Sell	Staples Inccs	$1,728,000	-24.7%	147,313	-1.8%	1.47%	-16.3%
COH	Buy	Coach Inccs	$1,675,000	+191.8%	57,899	+249.2%	1.42%	+224.6%
C	Sell	Citigroup Inccs	$1,648,000	-11.4%	33,220	-1.4%	1.40%	-1.5%
SYY	Sell	Sysco Corpcs	$1,524,000	+7.2%	39,112	-0.7%	1.30%	+19.1%
CSCO	Sell	Cisco Systems Inccs	$1,518,000	-4.9%	57,821	-0.5%	1.29%	+5.7%
CPB	Sell	Campbell Soup Cocs	$1,452,000	+5.6%	28,647	-0.7%	1.24%	+17.4%
WEN	Sell	Wendys Cocs	$1,377,000	-24.0%	159,190	-0.9%	1.17%	-15.5%
TRCO	Buy	Tribune Media Cocl a	$1,187,000	-27.9%	33,329	+8.0%	1.01%	-19.8%
WU	Sell	Western Union Cocs	$1,028,000	-11.8%	55,999	-2.3%	0.87%	-1.9%
MCD	Buy	McDonalds Corpcs	$922,000	+14.5%	9,357	+10.5%	0.78%	+27.3%
ENR	New	Energizer Holdings Inccs	$921,000	–	23,803	–	0.78%	–
AMCX	Sell	AMC Networks Inccl a	$872,000	-10.9%	11,915	-0.4%	0.74%	-0.9%
ISCA	Buy	International Speedway Corpcl a	$810,000	-13.2%	25,548	+0.4%	0.69%	-3.5%
IILG	Sell	Interval Leisure Group Inccs	$789,000	-19.8%	42,949	-0.2%	0.67%	-10.9%
YHOO	Sell	Yahoo Inccs	$694,000	-27.1%	24,015	-0.9%	0.59%	-19.0%
NDAQ	Sell	Nasdaq Inc Comcs	$529,000	-5.2%	9,925	-13.1%	0.45%	+5.4%
MGM	Sell	MGM Resorts Internationalcs	$527,000	+0.4%	28,563	-0.7%	0.45%	+11.4%
MSGN	New	Msg Network Inccl a	$499,000	–	6,916	–	0.42%	–
LH	Sell	Laboratory Corp America Holdincs	$440,000	-14.7%	4,057	-4.7%	0.37%	-5.3%
DBD	Sell	Diebold Inccs	$364,000	-16.3%	12,238	-1.6%	0.31%	-6.9%
ELY	Sell	Callaway Golf Cocs	$355,000	-11.5%	42,564	-5.2%	0.30%	-1.6%
MSGS	New	Madison Square Garden Cocl a	$348,000	–	2,305	–	0.30%	–
QRTEA	Sell	Liberty Interactive Corporatiocs	$292,000	-7.3%	11,137	-1.8%	0.25%	+2.9%
AAPL	Sell	Apple Inccs	$260,000	-20.2%	2,359	-9.4%	0.22%	-11.2%
VAC	Exit	Marriott Vacations Worldwide Ccs	$0	–	-2,548	–	-0.18%	–
EBAY	Exit	eBay Inccs	$0	–	-5,966	–	-0.28%	–
CVC	Exit	Cablevision Systems Corpcl a ny cablvs	$0	–	-34,988	–	-0.64%	–
TAP	Exit	Molson Coors Brewing Cocl b	$0	–	-19,684	–	-1.05%	–
KRFT	Exit	Kraft Foods Group Inccs	$0	–	-29,392	–	-1.91%	–
MDP	Exit	Meredith Corpcs	$0	–	-52,770	–	-2.10%	–
R108	Exit	Energizer Holdings Inccs	$0	–	-23,803	–	-2.40%	–

Q2 2015

			Value		Shares		↓ Weighting
HD	New	Home Depot Inccs	$6,178,000	–	55,594	–	4.73%	–
PFE	New	Pfizer Inccs	$5,378,000	–	160,384	–	4.11%	–
TRV	New	Travelers Companies Inccs	$5,127,000	–	53,046	–	3.92%	–
JPM	New	JPMorgan Chase & Cocs	$5,118,000	–	75,534	–	3.92%	–
MSG	New	Madison Square Garden Inccl a	$4,926,000	–	58,999	–	3.77%	–
MSFT	New	Microsoft Corpcs	$4,785,000	–	108,388	–	3.66%	–
TWX	New	Time Warner Inccs	$4,694,000	–	53,700	–	3.59%	–
AMP	New	Ameriprise Financial Inccs	$4,605,000	–	36,864	–	3.52%	–
DIS	New	Disney Walt Co Disney	$4,154,000	–	36,392	–	3.18%	–
HBI	New	Hanesbrands Inccs	$3,649,000	–	109,520	–	2.79%	–
BK	New	Bank of New York Mellon Corpcs	$3,596,000	–	85,689	–	2.75%	–
MDLZ	New	Mondelez Intl Inccl a	$3,214,000	–	78,125	–	2.46%	–
R108	New	Energizer Holdings Inccs	$3,131,000	–	23,803	–	2.40%	–
BAC	New	Bank of America Corporationcs	$3,121,000	–	183,383	–	2.39%	–
CMCSK	New	Comcast Corpcl a spl	$3,056,000	–	50,982	–	2.34%	–
CLX	New	Clorox Cocs	$3,022,000	–	29,048	–	2.31%	–
BMY	New	Bristol-Myers Squibb Cocs	$2,890,000	–	43,429	–	2.21%	–
KSS	New	Kohls Corpcs	$2,805,000	–	44,796	–	2.15%	–
MDP	New	Meredith Corpcs	$2,752,000	–	52,770	–	2.10%	–
UPS	New	United Parcel Service Inccl b	$2,526,000	–	26,065	–	1.93%	–
KRFT	New	Kraft Foods Group Inccs	$2,502,000	–	29,392	–	1.91%	–
TGT	New	Target Corpcs	$2,377,000	–	29,116	–	1.82%	–
BBBY	New	Bed Bath & Beyond Inccs	$2,340,000	–	33,921	–	1.79%	–
GE	New	General Electric Cocs	$2,325,000	–	87,506	–	1.78%	–
SPLS	New	Staples Inccs	$2,296,000	–	149,939	–	1.76%	–
JNJ	New	Johnson & Johnsoncs	$2,284,000	–	23,431	–	1.75%	–
DISCK	New	Discovery Communications	$2,214,000	–	71,229	–	1.69%	–
INTC	New	Intel Corpcs	$2,189,000	–	71,960	–	1.68%	–
MAR	New	Marriott Intl Inccl a	$2,126,000	–	28,583	–	1.63%	–
CCL	New	Carnival Corpcs	$1,952,000	–	39,529	–	1.49%	–
C	New	Citigroup Inccs	$1,860,000	–	33,680	–	1.42%	–
SMG	New	Scotts Miracle-Gro Cocl a	$1,812,000	–	30,603	–	1.39%	–
WEN	New	Wendys Cocs	$1,811,000	–	160,568	–	1.38%	–
TRCO	New	Tribune Media Cocl a	$1,647,000	–	30,855	–	1.26%	–
CSCO	New	Cisco Systems Inccs	$1,596,000	–	58,132	–	1.22%	–
SYY	New	Sysco Corpcs	$1,422,000	–	39,380	–	1.09%	–
CPB	New	Campbell Soup Cocs	$1,375,000	–	28,847	–	1.05%	–
TAP	New	Molson Coors Brewing Cocl b	$1,374,000	–	19,684	–	1.05%	–
CVS	New	CVS Health Corporationcs	$1,310,000	–	12,495	–	1.00%	–
WU	New	Western Union Cocs	$1,165,000	–	57,294	–	0.89%	–
IILG	New	Interval Leisure Group Inccs	$984,000	–	43,049	–	0.75%	–
AMCX	New	AMC Networks Inccl a	$979,000	–	11,965	–	0.75%	–
YHOO	New	Yahoo Inccs	$952,000	–	24,240	–	0.73%	–
ISCA	New	International Speedway Corpcl a	$933,000	–	25,443	–	0.71%	–
CVC	New	Cablevision Systems Corpcl a ny cablvs	$838,000	–	34,988	–	0.64%	–
MCD	New	McDonalds Corpcs	$805,000	–	8,471	–	0.62%	–
BR	New	Broadridge Financial Solutionscs	$701,000	–	14,025	–	0.54%	–
VZ	New	Verizon Communications Inccs	$677,000	–	14,528	–	0.52%	–
REIS	New	Reis Inccs	$623,000	–	28,100	–	0.48%	–
COH	New	Coach Inccs	$574,000	–	16,580	–	0.44%	–
NDAQ	New	NASDAQ OMX Group Inccs	$558,000	–	11,425	–	0.43%	–
AXP	New	American Express Cocs	$538,000	–	6,920	–	0.41%	–
MGM	New	MGM Resorts Internationalcs	$525,000	–	28,763	–	0.40%	–
LH	New	Laboratory Corp America Holdincs	$516,000	–	4,257	–	0.40%	–
IBM	New	International Business Machinecs	$462,000	–	2,842	–	0.35%	–
DBD	New	Diebold Inccs	$435,000	–	12,438	–	0.33%	–
ELY	New	Callaway Golf Cocs	$401,000	–	44,899	–	0.31%	–
WM	New	Waste Management Inccs	$396,000	–	8,546	–	0.30%	–
EBAY	New	eBay Inccs	$359,000	–	5,966	–	0.28%	–
AAPL	New	Apple Inccs	$326,000	–	2,603	–	0.25%	–
QRTEA	New	Liberty Interactive Corporatio	$315,000	–	11,337	–	0.24%	–
KMB	New	Kimberly Clark Corpcs	$307,000	–	2,900	–	0.24%	–
MO	New	Altria Group Inccs	$241,000	–	4,920	–	0.18%	–
VAC	New	Marriott Vacations Worldwide Ccs	$234,000	–	2,548	–	0.18%	–
XOXO	New	XO Group Inccs	$188,000	–	11,500	–	0.14%	–
TPHS	New	Trinity Pl Holdings Inccs	$152,000	–	19,400	–	0.12%	–

Q4 2014

			Value		Shares		↓ Weighting
TPHS	Exit	Trinity Pl Holdings Inc	$0	–	-19,400	–	-0.09%	–
XOXO	Exit	XO Group Inc	$0	–	-11,500	–	-0.10%	–
COH	Exit	Coach Inc	$0	–	-5,906	–	-0.16%	–
SCHW	Exit	Schwab Charles Corp	$0	–	-7,525	–	-0.17%	–
MO	Exit	Altria Group Inc	$0	–	-5,120	–	-0.18%	–
IBM	Exit	International Business Machine	$0	–	-1,242	–	-0.18%	–
ELY	Exit	Callaway Golf Co	$0	–	-36,820	–	-0.21%	–
DVN	Exit	Devon Energy Corp	$0	–	-4,074	–	-0.22%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-3,600	–	-0.30%	–
DBD	Exit	Diebold Inc	$0	–	-13,847	–	-0.38%	–
NDAQ	Exit	NASDAQ OMX Group Inc	$0	–	-12,925	–	-0.42%	–
WM	Exit	Waste Management Inc	$0	–	-12,421	–	-0.46%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-14,327	–	-0.46%	–
CVC	Exit	Cablevision Systems Corpcl a ny cablvs	$0	–	-34,388	–	-0.46%	–
AXP	Exit	American Express Co	$0	–	-6,920	–	-0.47%	–
LH	Exit	Laboratory Corp America Holdin	$0	–	-6,050	–	-0.48%	–
VZ	Exit	Verizon Communications Inc	$0	–	-12,602	–	-0.49%	–
REIS	Exit	Reis Inc	$0	–	-28,100	–	-0.51%	–
AMCX	Exit	AMC Networks Inccl a	$0	–	-12,190	–	-0.55%	–
MGM	Exit	MGM Resorts International	$0	–	-31,463	–	-0.55%	–
ISCA	Exit	International Speedway Corpcl a	$0	–	-22,982	–	-0.56%	–
IILG	Exit	Interval Leisure Group Inc	$0	–	-44,649	–	-0.66%	–
CVS	Exit	CVS Health Corporation	$0	–	-12,495	–	-0.77%	–
WW	Exit	Weight Watchers Intl Inc	$0	–	-46,888	–	-0.99%	–
YHOO	Exit	Yahoo Inc	$0	–	-32,320	–	-1.02%	–
CPB	Exit	Campbell Soup Co	$0	–	-31,507	–	-1.04%	–
WU	Exit	Western Union Co	$0	–	-85,124	–	-1.05%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-58,262	–	-1.13%	–
CCL	Exit	Carnival Corp	$0	–	-38,320	–	-1.19%	–
TAP	Exit	Molson Coors Brewing Cocl b	$0	–	-21,239	–	-1.22%	–
KRFT	Exit	Kraft Foods Group Inc	$0	–	-30,491	–	-1.33%	–
SYY	Exit	Sysco Corp	$0	–	-45,430	–	-1.33%	–
C	Exit	Citigroup Inc	$0	–	-33,780	–	-1.35%	–
SMG	Exit	Scotts Miracle-Gro Cocl a	$0	–	-32,056	–	-1.36%	–
TGT	Exit	Target Corp	$0	–	-28,275	–	-1.37%	–
IEV	Exit	iShares Tr S&P Euro Plusetf	$0	–	-37,894	–	-1.37%	–
MAR	Exit	Marriott Intl Inccl a	$0	–	-30,598	–	-1.65%	–
BBBY	Exit	Bed Bath & Beyond Inc	$0	–	-34,201	–	-1.74%	–
SPLS	Exit	Staples Inc	$0	–	-187,792	–	-1.75%	–
GE	Exit	General Electric Co	$0	–	-90,806	–	-1.80%	–
MDP	Exit	Meredith Corp	$0	–	-55,370	–	-1.83%	–
IJR	Exit	iShares Tr S&P Small Cap 600etf	$0	–	-22,020	–	-1.84%	–
WEN	Exit	Wendys Co	$0	–	-297,998	–	-1.90%	–
IJH	Exit	iShares Tr S&P Mid Cap 400etf	$0	–	-17,558	–	-1.90%	–
UPS	Exit	United Parcel Service Inccl b	$0	–	-26,495	–	-2.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-24,631	–	-2.02%	–
INTC	Exit	Intel Corp	$0	–	-78,114	–	-2.10%	–
BMY	Exit	Bristol-Myers Squibb Co	$0	–	-53,458	–	-2.11%	–
KSS	Exit	Kohls Corp	$0	–	-45,027	–	-2.12%	–
CLX	Exit	Clorox Co	$0	–	-29,148	–	-2.16%	–
MDLZ	Exit	Mondelez Intl Inccl a	$0	–	-83,781	–	-2.22%	–
R108	Exit	Energizer Holdings Inc	$0	–	-24,523	–	-2.33%	–
BAC	Exit	Bank of America Corporation	$0	–	-177,813	–	-2.34%	–
HBI	Exit	Hanesbrands Inc	$0	–	-28,900	–	-2.40%	–
IVV	Exit	iShares Tr S&P 500 Indexetf	$0	–	-16,226	–	-2.47%	–
BK	Exit	Bank of New York Mellon Corp	$0	–	-83,174	–	-2.48%	–
DIS	Exit	Disney Walt Co	$0	–	-36,392	–	-2.50%	–
CMCSK	Exit	Comcast Corpcl a spl	$0	–	-64,757	–	-2.67%	–
MSG	Exit	Madison Square Garden Inccl a	$0	–	-58,467	–	-2.98%	–
TWX	Exit	Time Warner Inc	$0	–	-55,973	–	-3.25%	–
AMP	Exit	Ameriprise Financial Inc	$0	–	-37,064	–	-3.53%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-76,846	–	-3.57%	–
PFE	Exit	Pfizer Inc	$0	–	-162,735	–	-3.71%	–
TRV	Exit	Travelers Companies Inc	$0	–	-54,693	–	-3.96%	–
MSFT	Exit	Microsoft Corp	$0	–	-112,314	–	-4.02%	–
HD	Exit	Home Depot Inc	$0	–	-57,404	–	-4.06%	–

Q3 2014

			Value		Shares		↓ Weighting
HD	Sell	Home Depot Inc	$5,266,000	+12.7%	57,404	-0.5%	4.06%	+9.4%
MSFT	Sell	Microsoft Corp	$5,207,000	+8.0%	112,314	-2.9%	4.02%	+4.8%
TRV	Sell	Travelers Companies Inc	$5,138,000	-0.5%	54,693	-0.4%	3.96%	-3.4%
PFE	Sell	Pfizer Inc	$4,812,000	-2.9%	162,735	-2.5%	3.71%	-5.8%
JPM	Buy	JPMorgan Chase & Co	$4,629,000	+6.1%	76,846	+1.5%	3.57%	+3.0%
AMP	Sell	Ameriprise Financial Inc	$4,573,000	+2.1%	37,064	-0.7%	3.53%	-0.9%
TWX	Buy	Time Warner Inc	$4,210,000	+8.8%	55,973	+1.6%	3.25%	+5.6%
MSG	Sell	Madison Square Garden Inccl a	$3,866,000	+2.7%	58,467	-3.0%	2.98%	-0.3%
CMCSK	Sell	Comcast Corpcl a spl	$3,465,000	-1.0%	64,757	-1.4%	2.67%	-3.9%
DIS	Sell	Disney Walt Co	$3,240,000	+3.8%	36,392	-0.1%	2.50%	+0.7%
BK	Sell	Bank of New York Mellon Corp	$3,221,000	-1.5%	83,174	-4.7%	2.48%	-4.4%
IVV	Buy	iShares Tr S&P 500 Indexetf	$3,206,000	+80.2%	16,226	+79.7%	2.47%	+75.0%
HBI	Sell	Hanesbrands Inc	$3,105,000	-9.3%	28,900	-16.9%	2.40%	-11.9%
BAC	Sell	Bank of America Corporation	$3,032,000	+8.2%	177,813	-2.5%	2.34%	+5.0%
R108	Sell	Energizer Holdings Inc	$3,022,000	-1.5%	24,523	-2.5%	2.33%	-4.4%
MDLZ	Sell	Mondelez Intl Inccl a	$2,871,000	-9.1%	83,781	-0.2%	2.22%	-11.8%
CLX	Sell	Clorox Co	$2,799,000	+2.3%	29,148	-2.7%	2.16%	-0.7%
KSS	Sell	Kohls Corp	$2,748,000	+9.7%	45,027	-5.3%	2.12%	+6.5%
BMY	Sell	Bristol-Myers Squibb Co	$2,736,000	+2.4%	53,458	-2.9%	2.11%	-0.6%
INTC	Sell	Intel Corp	$2,720,000	+6.8%	78,114	-5.3%	2.10%	+3.6%
JNJ	Sell	Johnson & Johnson	$2,625,000	-2.6%	24,631	-4.4%	2.02%	-5.5%
UPS	Sell	United Parcel Service Inccl b	$2,604,000	-5.5%	26,495	-1.3%	2.01%	-8.3%
IJH	Buy	iShares Tr S&P Mid Cap 400etf	$2,463,000	+77.2%	17,558	+80.7%	1.90%	+71.9%
WEN	Sell	Wendys Co	$2,461,000	-3.3%	297,998	-0.1%	1.90%	-6.1%
IJR	Buy	iShares Tr S&P Small Cap 600etf	$2,391,000	+75.4%	22,020	+81.1%	1.84%	+70.2%
MDP	Sell	Meredith Corp	$2,370,000	-14.3%	55,370	-3.1%	1.83%	-16.8%
GE	Buy	General Electric Co	$2,326,000	+2.5%	90,806	+5.1%	1.80%	-0.6%
SPLS	Sell	Staples Inc	$2,272,000	+4.0%	187,792	-6.8%	1.75%	+1.0%
BBBY	Sell	Bed Bath & Beyond Inc	$2,251,000	+13.7%	34,201	-0.9%	1.74%	+10.4%
MAR	Sell	Marriott Intl Inccl a	$2,139,000	+7.9%	30,598	-1.1%	1.65%	+4.7%
IEV	Buy	iShares Tr S&P Euro Plusetf	$1,781,000	+75.8%	37,894	+81.7%	1.37%	+70.7%
TGT	Buy	Target Corp	$1,772,000	+10.6%	28,275	+2.3%	1.37%	+7.3%
SMG	Sell	Scotts Miracle-Gro Cocl a	$1,763,000	-12.3%	32,056	-9.3%	1.36%	-14.9%
C	Sell	Citigroup Inc	$1,750,000	+9.7%	33,780	-0.2%	1.35%	+6.5%
SYY	Sell	Sysco Corp	$1,724,000	-5.7%	45,430	-7.0%	1.33%	-8.5%
KRFT	Sell	Kraft Foods Group Inc	$1,720,000	-7.9%	30,491	-2.1%	1.33%	-10.6%
TAP	Sell	Molson Coors Brewing Cocl b	$1,581,000	-26.1%	21,239	-26.4%	1.22%	-28.3%
CCL	Buy	Carnival Corp	$1,539,000	+8.0%	38,320	+1.3%	1.19%	+4.9%
CSCO	Sell	Cisco Systems Inc	$1,466,000	-9.3%	58,262	-10.5%	1.13%	-12.0%
WU	Sell	Western Union Co	$1,365,000	-14.1%	85,124	-7.1%	1.05%	-16.6%
CPB	Sell	Campbell Soup Co	$1,346,000	-12.3%	31,507	-6.0%	1.04%	-14.8%
WW	Buy	Weight Watchers Intl Inc	$1,287,000	+43.6%	46,888	+5.6%	0.99%	+39.5%
ISCA	Buy	International Speedway Corpcl a	$727,000	+8.3%	22,982	+13.9%	0.56%	+5.3%
MGM	Sell	MGM Resorts International	$717,000	-13.9%	31,463	-0.3%	0.55%	-16.5%
LH	Sell	Laboratory Corp America Holdin	$616,000	-6.4%	6,050	-5.8%	0.48%	-9.2%
AXP	Sell	American Express Co	$606,000	-9.8%	6,920	-2.3%	0.47%	-12.4%
CVC	Sell	Cablevision Systems Corpcl a ny cablvs	$602,000	-28.9%	34,388	-28.4%	0.46%	-30.9%
WM	Sell	Waste Management Inc	$590,000	-12.5%	12,421	-17.6%	0.46%	-15.1%
DVN	Sell	Devon Energy Corp	$278,000	-26.6%	4,074	-14.7%	0.22%	-28.6%
ELY	Buy	Callaway Golf Co	$267,000	+61.8%	36,820	+85.8%	0.21%	+57.3%
SCHW	Sell	Schwab Charles Corp	$221,000	-10.2%	7,525	-17.5%	0.17%	-12.8%
COH	New	Coach Inc	$210,000	–	5,906	–	0.16%	–
	Exit	Whistler Blackcomb Holdings In	$0	–	-12,035	–	-0.16%	–
GLW	Exit	Corning Inc	$0	–	-9,503	–	-0.17%	–
RGC	Exit	Regal Entertainment Groupcl a	$0	–	-11,053	–	-0.18%	–
LM	Exit	Legg Mason Inc	$0	–	-4,600	–	-0.19%	–
QRTEA	Exit	Liberty Interactive Corporatio	$0	–	-9,350	–	-0.22%	–

Q2 2014

			Value		Shares		↓ Weighting
TRV	New	Travelers Companies Inc	$5,164,000	–	54,896	–	4.10%	–
PFE	New	Pfizer Inc	$4,956,000	–	166,985	–	3.94%	–
MSFT	New	Microsoft Corp	$4,823,000	–	115,664	–	3.83%	–
HD	New	Home Depot Inc	$4,672,000	–	57,714	–	3.71%	–
AMP	New	Ameriprise Financial Inc	$4,478,000	–	37,314	–	3.56%	–
JPM	New	JPMorgan Chase & Co	$4,361,000	–	75,679	–	3.47%	–
TWX	New	Time Warner Inc	$3,870,000	–	55,083	–	3.08%	–
MSG	New	Madison Square Garden Inccl a	$3,765,000	–	60,287	–	2.99%	–
CMCSK	New	Comcast Corpcl a spl	$3,501,000	–	65,657	–	2.78%	–
HBI	New	Hanesbrands Inc	$3,423,000	–	34,770	–	2.72%	–
BK	New	Bank of New York Mellon Corp	$3,271,000	–	87,281	–	2.60%	–
MDLZ	New	Mondelez Intl Inccl a	$3,159,000	–	83,981	–	2.51%	–
DIS	New	Disney Walt Co Disney	$3,122,000	–	36,414	–	2.48%	–
R108	New	Energizer Holdings Inc	$3,068,000	–	25,143	–	2.44%	–
BAC	New	Bank of America Corporation	$2,803,000	–	182,397	–	2.23%	–
MDP	New	Meredith Corp	$2,764,000	–	57,150	–	2.20%	–
UPS	New	United Parcel Service Inccl b	$2,755,000	–	26,832	–	2.19%	–
CLX	New	Clorox Co	$2,737,000	–	29,948	–	2.18%	–
JNJ	New	Johnson & Johnson	$2,695,000	–	25,761	–	2.14%	–
BMY	New	Bristol-Myers Squibb Co	$2,671,000	–	55,058	–	2.12%	–
INTC	New	Intel Corp	$2,548,000	–	82,468	–	2.03%	–
WEN	New	Wendys Co	$2,544,000	–	298,218	–	2.02%	–
KSS	New	Kohls Corp	$2,504,000	–	47,530	–	1.99%	–
GE	New	General Electric Co	$2,270,000	–	86,361	–	1.80%	–
SPLS	New	Staples Inc	$2,184,000	–	201,490	–	1.74%	–
TAP	New	Molson Coors Brewing Cocl b	$2,140,000	–	28,854	–	1.70%	–
SMG	New	Scotts Miracle-Gro Cocl a	$2,010,000	–	35,357	–	1.60%	–
MAR	New	Marriott Intl Inccl a	$1,983,000	–	30,933	–	1.58%	–
BBBY	New	Bed Bath & Beyond Inc	$1,980,000	–	34,500	–	1.57%	–
KRFT	New	Kraft Foods Group Inc	$1,867,000	–	31,141	–	1.48%	–
SYY	New	Sysco Corp	$1,829,000	–	48,834	–	1.45%	–
IVV	New	iShares Tr S&P 500 Indexetf	$1,779,000	–	9,028	–	1.41%	–
CSCO	New	Cisco Systems Inc	$1,617,000	–	65,086	–	1.28%	–
TGT	New	Target Corp	$1,602,000	–	27,640	–	1.27%	–
C	New	Citigroup Inc	$1,595,000	–	33,860	–	1.27%	–
WU	New	Western Union Co	$1,589,000	–	91,646	–	1.26%	–
CPB	New	Campbell Soup Co	$1,535,000	–	33,507	–	1.22%	–
CCL	New	Carnival Corp	$1,425,000	–	37,837	–	1.13%	–
IJH	New	iShares Tr S&P Mid Cap 400etf	$1,390,000	–	9,714	–	1.10%	–
IJR	New	iShares Tr S&P Small Cap 600etf	$1,363,000	–	12,160	–	1.08%	–
YHOO	New	Yahoo Inc	$1,135,000	–	32,320	–	0.90%	–
IEV	New	iShares Tr S&P Euro Plusetf	$1,013,000	–	20,852	–	0.80%	–
IILG	New	Interval Leisure Group Inc	$980,000	–	44,649	–	0.78%	–
CVS	New	CVS Caremark Corporation	$942,000	–	12,495	–	0.75%	–
WW	New	Weight Watchers Intl Inc	$896,000	–	44,400	–	0.71%	–
CVC	New	Cablevision Systems Corpcl a ny cablvs	$847,000	–	48,013	–	0.67%	–
MGM	New	MGM Resorts International	$833,000	–	31,557	–	0.66%	–
AMCX	New	AMC Networks Inccl a	$750,000	–	12,190	–	0.60%	–
WM	New	Waste Management Inc	$674,000	–	15,070	–	0.54%	–
AXP	New	American Express Co	$672,000	–	7,081	–	0.53%	–
ISCA	New	International Speedway Corpcl a	$671,000	–	20,170	–	0.53%	–
LH	New	Laboratory Corp America Holdin	$658,000	–	6,425	–	0.52%	–
VZ	New	Verizon Communications Inc	$617,000	–	12,602	–	0.49%	–
BR	New	Broadridge Financial Solutions	$597,000	–	14,327	–	0.48%	–
REIS	New	Reis Inc	$592,000	–	28,100	–	0.47%	–
DBD	New	Diebold Inc	$556,000	–	13,847	–	0.44%	–
NDAQ	New	NASDAQ OMX Group Inc	$499,000	–	12,925	–	0.40%	–
KMB	New	Kimberly Clark Corp	$400,000	–	3,600	–	0.32%	–
DVN	New	Devon Energy Corp	$379,000	–	4,775	–	0.30%	–
QRTEA	New	Liberty Interactive Corporatio	$275,000	–	9,350	–	0.22%	–
SCHW	New	Schwab Charles Corp	$246,000	–	9,125	–	0.20%	–
LM	New	Legg Mason Inc	$236,000	–	4,600	–	0.19%	–
RGC	New	Regal Entertainment Groupcl a	$233,000	–	11,053	–	0.18%	–
IBM	New	International Business Machine	$225,000	–	1,242	–	0.18%	–
MO	New	Altria Group Inc	$215,000	–	5,120	–	0.17%	–
GLW	New	Corning Inc	$209,000	–	9,503	–	0.17%	–
	New	Whistler Blackcomb Holdings In	$200,000	–	12,035	–	0.16%	–
ELY	New	Callaway Golf Co	$165,000	–	19,815	–	0.13%	–
XOXO	New	XO Group Inc	$141,000	–	11,500	–	0.11%	–
TPHS	New	Trinity Pl Holdings Inc	$126,000	–	19,400	–	0.10%	–

Q4 2013

			Value		Shares		↓ Weighting
VGGL	Exit	Viggle Inc	$0	–	-30,000	–	-0.02%	–
TPHS	Exit	Trinity Pl Holdings Inc	$0	–	-19,400	–	-0.07%	–
ELY	Exit	Callaway Golf Co	$0	–	-14,890	–	-0.10%	–
XOXO	Exit	XO Group Inc	$0	–	-13,100	–	-0.16%	–
MO	Exit	Altria Group Inc	$0	–	-5,920	–	-0.20%	–
IBM	Exit	International Business Machine	$0	–	-1,322	–	-0.24%	–
IEV	Exit	iShares Tr S&P Euro Plusetf	$0	–	-6,360	–	-0.27%	–
IJH	Exit	iShares Tr S&P Mid Cap 400etf	$0	–	-3,095	–	-0.37%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-4,100	–	-0.37%	–
IJR	Exit	iShares Tr S&P Small Cap 600etf	$0	–	-3,910	–	-0.37%	–
LH	Exit	Laboratory Corp America Holdin	$0	–	-4,385	–	-0.42%	–
REIS	Exit	Reis Inc	$0	–	-28,100	–	-0.44%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-14,327	–	-0.44%	–
IVV	Exit	iShares Tr S&P 500 Indexetf	$0	–	-3,003	–	-0.49%	–
WM	Exit	Waste Management Inc	$0	–	-12,601	–	-0.50%	–
DBD	Exit	Diebold Inc	$0	–	-17,793	–	-0.50%	–
NDAQ	Exit	NASDAQ OMX Group Inc	$0	–	-16,625	–	-0.51%	–
ISCA	Exit	International Speedway Corpcl a	$0	–	-18,350	–	-0.57%	–
AXP	Exit	American Express Co	$0	–	-7,884	–	-0.57%	–
VZ	Exit	Verizon Communications Inc	$0	–	-12,903	–	-0.58%	–
MGM	Exit	MGM Resorts International	$0	–	-33,057	–	-0.65%	–
CVS	Exit	CVS Caremark Corporation	$0	–	-12,495	–	-0.68%	–
CVC	Exit	Cablevision Systems Corpcl a	$0	–	-50,013	–	-0.81%	–
AMCX	Exit	AMC Networks Inccl a	$0	–	-12,817	–	-0.84%	–
IILG	Exit	Interval Leisure Group Inc	$0	–	-48,000	–	-1.09%	–
YHOO	Exit	Yahoo Inc	$0	–	-34,950	–	-1.11%	–
DOLE	Exit	Dole Food Co Inc	$0	–	-90,145	–	-1.18%	–
CCL	Exit	Carnival Corp	$0	–	-37,987	–	-1.19%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-56,762	–	-1.28%	–
SKS	Exit	Saks Inc	$0	–	-84,050	–	-1.28%	–
MAR	Exit	Marriott Intl Inccl a	$0	–	-33,334	–	-1.34%	–
WU	Exit	Western Union Co	$0	–	-76,546	–	-1.37%	–
CPB	Exit	Campbell Soup Co	$0	–	-35,107	–	-1.37%	–
SYY	Exit	Sysco Corp	$0	–	-45,485	–	-1.39%	–
WW	Exit	Weight Watchers Intl Inc	$0	–	-43,335	–	-1.55%	–
KRFT	Exit	Kraft Foods Group Inc	$0	–	-32,562	–	-1.64%	–
INTC	Exit	Intel Corp	$0	–	-76,193	–	-1.67%	–
C	Exit	Citigroup Inc	$0	–	-38,190	–	-1.78%	–
SMG	Exit	Scotts Miracle-Gro Cocl a	$0	–	-33,782	–	-1.78%	–
TAP	Exit	Molson Coors Brewing Cocl b	$0	–	-40,299	–	-1.94%	–
GE	Exit	General Electric Co	$0	–	-89,996	–	-2.06%	–
JNJ	Exit	Johnson & Johnson	$0	–	-26,361	–	-2.19%	–
HBI	Exit	Hanesbrands Inc	$0	–	-36,770	–	-2.20%	–
BAC	Exit	Bank of America Corporation	$0	–	-168,845	–	-2.23%	–
R108	Exit	Energizer Holdings Inc	$0	–	-26,253	–	-2.29%	–
DIS	Exit	Disney Walt Co	$0	–	-38,293	–	-2.37%	–
CLX	Exit	Clorox Co	$0	–	-31,048	–	-2.43%	–
BK	Exit	Bank of New York Mellon Corp	$0	–	-86,007	–	-2.49%	–
UPS	Exit	United Parcel Service Inccl b	$0	–	-28,432	–	-2.49%	–
BMY	Exit	Bristol-Myers Squibb Co	$0	–	-58,959	–	-2.62%	–
MDLZ	Exit	Mondelez Intl Inccl a	$0	–	-89,481	–	-2.70%	–
CMCSK	Exit	Comcast Corpcl a spl	$0	–	-65,008	–	-2.70%	–
MDP	Exit	Meredith Corp	$0	–	-62,500	–	-2.85%	–
MSG	Exit	Madison Square Garden Inccl a	$0	–	-55,212	–	-3.07%	–
WEN	Exit	Wendys Co	$0	–	-435,043	–	-3.54%	–
AMP	Exit	Ameriprise Financial Inc	$0	–	-40,738	–	-3.56%	–
TWX	Exit	Time Warner Inc	$0	–	-56,983	–	-3.59%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-77,079	–	-3.82%	–
MSFT	Exit	Microsoft Corp	$0	–	-121,022	–	-3.86%	–
HD	Exit	Home Depot Inc	$0	–	-59,878	–	-4.35%	–
TRV	Exit	Travelers Companies Inc	$0	–	-56,150	–	-4.56%	–
PFE	Exit	Pfizer Inc	$0	–	-179,835	–	-4.95%	–

Q3 2013

			Value		Shares		↓ Weighting
PFE	Sell	Pfizer Inc	$5,166,000	+2.2%	179,835	-0.3%	4.95%	-1.7%
TRV	Sell	Travelers Companies Inc	$4,760,000	+5.6%	56,150	-0.4%	4.56%	+1.6%
HD	Sell	Home Depot Inc	$4,542,000	-2.8%	59,878	-0.7%	4.35%	-6.5%
MSFT	Buy	Microsoft Corp	$4,028,000	+0.1%	121,022	+4.0%	3.86%	-3.7%
JPM	Sell	JPMorgan Chase & Co	$3,984,000	-3.6%	77,079	-1.6%	3.82%	-7.4%
TWX	Sell	Time Warner Inc	$3,750,000	+11.3%	56,983	-2.2%	3.59%	+7.0%
AMP	Sell	Ameriprise Financial Inc	$3,710,000	+12.3%	40,738	-0.2%	3.56%	+8.0%
WEN	Sell	Wendys Co	$3,689,000	+44.4%	435,043	-0.7%	3.54%	+38.8%
MSG	Sell	Madison Square Garden Inccl a	$3,206,000	-2.8%	55,212	-0.8%	3.07%	-6.5%
MDP	Sell	Meredith Corp	$2,976,000	-0.6%	62,500	-0.4%	2.85%	-4.4%
CMCSK	Buy	Comcast Corpcl a spl	$2,818,000	+12.5%	65,008	+2.9%	2.70%	+8.1%
MDLZ	Sell	Mondelez Intl Inccl a	$2,812,000	+9.6%	89,481	-0.5%	2.70%	+5.4%
BMY	Sell	Bristol-Myers Squibb Co	$2,729,000	+2.5%	58,959	-1.1%	2.62%	-1.5%
UPS	Sell	United Parcel Service Inccl b	$2,598,000	+5.5%	28,432	-0.2%	2.49%	+1.4%
BK	Buy	Bank of New York Mellon Corp	$2,597,000	+9.5%	86,007	+1.7%	2.49%	+5.2%
CLX	Sell	Clorox Co	$2,537,000	-2.2%	31,048	-0.5%	2.43%	-6.0%
R108	Sell	Energizer Holdings Inc	$2,393,000	-9.5%	26,253	-0.2%	2.29%	-13.0%
BAC	Buy	Bank of America Corporation	$2,330,000	+9.1%	168,845	+1.7%	2.23%	+4.9%
HBI	Sell	Hanesbrands Inc	$2,291,000	-16.0%	36,770	-30.7%	2.20%	-19.2%
JNJ	Sell	Johnson & Johnson	$2,285,000	+0.3%	26,361	-0.7%	2.19%	-3.6%
GE	Sell	General Electric Co	$2,150,000	+2.3%	89,996	-0.7%	2.06%	-1.7%
TAP	Buy	Molson Coors Brewing Cocl b	$2,020,000	+9.1%	40,299	+4.1%	1.94%	+4.9%
SMG	Buy	Scotts Miracle-Gro Cocl a	$1,859,000	+19.8%	33,782	+5.1%	1.78%	+15.2%
C	Sell	Citigroup Inc	$1,853,000	+0.8%	38,190	-0.4%	1.78%	-3.1%
INTC	Buy	Intel Corp	$1,746,000	+0.1%	76,193	+5.8%	1.67%	-3.8%
KRFT	Sell	Kraft Foods Group Inc	$1,709,000	-6.6%	32,562	-0.5%	1.64%	-10.1%
WW	Buy	Weight Watchers Intl Inc	$1,619,000	+5.2%	43,335	+29.5%	1.55%	+1.2%
SYY	Buy	Sysco Corp	$1,448,000	-4.9%	45,485	+2.1%	1.39%	-8.5%
CPB	Sell	Campbell Soup Co	$1,429,000	-9.9%	35,107	-0.8%	1.37%	-13.3%
WU	Buy	Western Union Co	$1,428,000	+12.6%	76,546	+3.3%	1.37%	+8.3%
MAR	Sell	Marriott Intl Inccl a	$1,402,000	+3.9%	33,334	-0.3%	1.34%	-0.1%
CSCO	Buy	Cisco Systems Inc	$1,330,000	-1.9%	56,762	+1.9%	1.28%	-5.7%
CCL	Buy	Carnival Corp	$1,240,000	+2.6%	37,987	+7.9%	1.19%	-1.3%
DOLE	Sell	Dole Food Co Inc	$1,228,000	+4.3%	90,145	-2.4%	1.18%	+0.3%
YHOO	Sell	Yahoo Inc	$1,159,000	-1.8%	34,950	-25.6%	1.11%	-5.5%
IILG	Sell	Interval Leisure Group Inc	$1,134,000	+16.9%	48,000	-1.4%	1.09%	+12.4%
AMCX	Sell	AMC Networks Inccl a	$878,000	+4.6%	12,817	-0.2%	0.84%	+0.6%
CVC	Sell	Cablevision Systems Corpcl a	$842,000	-31.9%	50,013	-32.0%	0.81%	-34.5%
CVS	Sell	CVS Caremark Corporation	$709,000	-1.4%	12,495	-0.6%	0.68%	-5.3%
ISCA	Buy	International Speedway Corpcl a	$592,000	+4.8%	18,350	+2.2%	0.57%	+0.7%
NDAQ	Sell	NASDAQ OMX Group Inc	$534,000	-3.8%	16,625	-1.8%	0.51%	-7.4%
DBD	Sell	Diebold Inc	$522,000	-12.9%	17,793	-0.0%	0.50%	-16.2%
WM	Buy	Waste Management Inc	$520,000	+8.6%	12,601	+6.0%	0.50%	+4.2%
IVV	New	iShares Tr S&P 500 Indexetf	$507,000	–	3,003	–	0.49%	–
BR	Sell	Broadridge Financial Solutions	$455,000	+18.8%	14,327	-0.7%	0.44%	+14.1%
REIS	Sell	Reis Inc	$454,000	-13.9%	28,100	-1.4%	0.44%	-17.1%
LH	Buy	Laboratory Corp America Holdin	$435,000	+3.8%	4,385	+4.8%	0.42%	-0.2%
IJR	New	iShares Tr S&P Small Cap 600etf	$390,000	–	3,910	–	0.37%	–
IJH	New	iShares Tr S&P Mid Cap 400etf	$384,000	–	3,095	–	0.37%	–
IEV	New	iShares Tr S&P Euro Plusetf	$281,000	–	6,360	–	0.27%	–
XOXO	Sell	XO Group Inc	$169,000	+0.6%	13,100	-12.4%	0.16%	-3.0%
ELY	Buy	Callaway Golf Co	$106,000	+9.3%	14,890	+0.8%	0.10%	+5.2%
VGGL	Sell	Viggle Inc	$20,000	-13.0%	30,000	-14.3%	0.02%	-17.4%
DELL	Exit	Dell Inc	$0	–	-39,505	–	-0.52%	–

Q2 2013

			Value		Shares		↓ Weighting
PFE	New	Pfizer Inc	$5,054,000	–	180,435	–	5.04%	–
HD	New	Home Depot Inc	$4,672,000	–	60,308	–	4.66%	–
TRV	New	Travelers Companies Inc	$4,506,000	–	56,381	–	4.49%	–
JPM	New	JPMorgan Chase & Co	$4,134,000	–	78,308	–	4.12%	–
MSFT	New	Microsoft Corp	$4,022,000	–	116,415	–	4.01%	–
TWX	New	Time Warner Inc	$3,369,000	–	58,275	–	3.36%	–
AMP	New	Ameriprise Financial Inc	$3,303,000	–	40,838	–	3.29%	–
MSG	New	Madison Square Garden Inccl a	$3,298,000	–	55,668	–	3.29%	–
MDP	New	Meredith Corp	$2,993,000	–	62,753	–	2.98%	–
HBI	New	Hanesbrands Inc	$2,727,000	–	53,030	–	2.72%	–
BMY	New	Bristol-Myers Squibb Co	$2,663,000	–	59,597	–	2.66%	–
R108	New	Energizer Holdings Inc	$2,645,000	–	26,313	–	2.64%	–
CLX	New	Clorox Co	$2,594,000	–	31,200	–	2.59%	–
MDLZ	New	Mondelez Intl Inccl a	$2,565,000	–	89,892	–	2.56%	–
WEN	New	Wendys Co	$2,555,000	–	438,258	–	2.55%	–
CMCSK	New	Comcast Corpcl a spl	$2,506,000	–	63,184	–	2.50%	–
UPS	New	United Parcel Service Inccl b	$2,463,000	–	28,477	–	2.46%	–
DIS	New	Disney Walt Co	$2,418,000	–	38,293	–	2.41%	–
BK	New	Bank of New York Mellon Corp	$2,372,000	–	84,575	–	2.36%	–
JNJ	New	Johnson & Johnson	$2,278,000	–	26,536	–	2.27%	–
BAC	New	Bank of America Corporation	$2,136,000	–	166,060	–	2.13%	–
GE	New	General Electric Co	$2,101,000	–	90,602	–	2.10%	–
TAP	New	Molson Coors Brewing Cocl b	$1,852,000	–	38,699	–	1.85%	–
C	New	Citigroup Inc	$1,839,000	–	38,340	–	1.83%	–
KRFT	New	Kraft Foods Group Inc	$1,829,000	–	32,732	–	1.82%	–
INTC	New	Intel Corp	$1,744,000	–	71,995	–	1.74%	–
CPB	New	Campbell Soup Co	$1,586,000	–	35,407	–	1.58%	–
SMG	New	Scotts Miracle-Gro Cocl a	$1,552,000	–	32,132	–	1.55%	–
WW	New	Weight Watchers Intl Inc	$1,539,000	–	33,460	–	1.53%	–
SYY	New	Sysco Corp	$1,522,000	–	44,541	–	1.52%	–
CSCO	New	Cisco Systems Inc	$1,356,000	–	55,717	–	1.35%	–
MAR	New	Marriott Intl Inccl a	$1,350,000	–	33,435	–	1.35%	–
WU	New	Western Union Co	$1,268,000	–	74,098	–	1.26%	–
CVC	New	Cablevision Systems Corpcl a	$1,237,000	–	73,544	–	1.23%	–
CCL	New	Carnival Corp	$1,208,000	–	35,218	–	1.20%	–
YHOO	New	Yahoo Inc	$1,180,000	–	46,950	–	1.18%	–
DOLE	New	Dole Food Co Inc	$1,177,000	–	92,350	–	1.17%	–
SKS	New	Saks Inc	$1,146,000	–	84,050	–	1.14%	–
IILG	New	Interval Leisure Group Inc	$970,000	–	48,700	–	0.97%	–
AMCX	New	AMC Networks Inccl a	$839,000	–	12,848	–	0.84%	–
CVS	New	CVS Caremark Corporation	$719,000	–	12,570	–	0.72%	–
VZ	New	Verizon Communications Inc	$650,000	–	12,903	–	0.65%	–
DBD	New	Diebold Inc	$599,000	–	17,794	–	0.60%	–
AXP	New	American Express Co	$589,000	–	7,884	–	0.59%	–
ISCA	New	International Speedway Corpcl a	$565,000	–	17,950	–	0.56%	–
NDAQ	New	NASDAQ OMX Group Inc	$555,000	–	16,925	–	0.55%	–
REIS	New	Reis Inc	$527,000	–	28,500	–	0.52%	–
DELL	New	Dell Inc	$526,000	–	39,505	–	0.52%	–
MGM	New	MGM Resorts International	$489,000	–	33,057	–	0.49%	–
WM	New	Waste Management Inc	$479,000	–	11,883	–	0.48%	–
LH	New	Laboratory Corp America Holdin	$419,000	–	4,185	–	0.42%	–
KMB	New	Kimberly Clark Corp	$398,000	–	4,100	–	0.40%	–
BR	New	Broadridge Financial Solutions	$383,000	–	14,428	–	0.38%	–
IBM	New	International Business Machine	$253,000	–	1,322	–	0.25%	–
MO	New	Altria Group Inc	$207,000	–	5,920	–	0.21%	–
XOXO	New	XO Group Inc	$168,000	–	14,958	–	0.17%	–
ELY	New	Callaway Golf Co	$97,000	–	14,765	–	0.10%	–
TPHS	New	Trinity Pl Holdings Inc	$95,000	–	19,400	–	0.10%	–
VGGL	New	Viggle Inc	$23,000	–	35,000	–	0.02%	–

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