CONTINENTAL ADVISORS LLC Activity Q4 2003-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRput	$26,931,240	-53.3%	63,000	-51.5%	14.35%	-44.9%
PFE	Buy	PFIZER INCcall	$12,830,156	+12.0%	386,800	+23.8%	6.84%	+32.0%
C	Buy	CITIGROUP INCcall	$11,105,100	+27.0%	270,000	+42.1%	5.92%	+49.7%
UBER	Buy	UBER TECHNOLOGIES INC	$10,308,567	+7.4%	224,148	+0.8%	5.49%	+26.6%
PFE	Buy	PFIZER INC	$8,302,186	+16.3%	250,292	+28.6%	4.42%	+37.1%
VTRS	Sell	VIATRIS INC	$6,225,496	-9.7%	631,389	-8.6%	3.32%	+6.4%
COF	Buy	CAPITAL ONE FINL CORP	$6,095,711	+1.7%	62,810	+14.6%	3.25%	+19.9%
WU	Sell	WESTERN UN COcall	$5,505,286	-29.8%	417,700	-37.5%	2.93%	-17.2%
IVZ	Sell	INVESCO LTD	$4,778,111	-19.5%	329,071	-6.8%	2.54%	-5.1%
WU	Buy	WESTERN UN CO	$4,732,806	+39.5%	359,090	+24.2%	2.52%	+64.4%
VTRS	Buy	VIATRIS INCcall	$4,339,386	+84.2%	440,100	+86.4%	2.31%	+117.1%
CNNE	Buy	CANNAE HLDGS INC	$4,166,692	-5.8%	223,535	+2.1%	2.22%	+11.0%
AMLP	Sell	ALPS ETF TRalerian mlp	$4,145,011	-7.5%	98,223	-14.0%	2.21%	+9.1%
PRGO	Sell	PERRIGO CO PLC	$4,018,607	-14.1%	125,778	-8.7%	2.14%	+1.3%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$3,886,770	+8.8%	43,000	-2.3%	2.07%	+28.3%
EEM	New	ISHARES TRcall	$3,795,000	–	100,000	–	2.02%	–
WFC	Sell	WELLS FARGO CO NEWcall	$3,513,960	-17.7%	86,000	-14.0%	1.87%	-3.0%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$3,476,833	+11.7%	340,866	-17.5%	1.85%	+31.6%
WFC	Buy	WELLS FARGO CO NEW	$3,448,829	+0.5%	84,406	+5.0%	1.84%	+18.4%
	Sell	SHELL PLCspon ads	$3,316,858	-0.2%	51,520	-6.4%	1.77%	+17.7%
TFC	Buy	TRUIST FINL CORPcall	$3,295,872	+46.4%	115,200	+55.3%	1.76%	+72.5%
EWS	Sell	ISHARES INCmsci singpor etf	$3,023,603	-6.5%	164,774	-5.7%	1.61%	+10.2%
FHI	Buy	FEDERATED HERMES INCcl b	$2,931,178	+105.0%	86,542	+117.0%	1.56%	+141.6%
TFC	Buy	TRUIST FINL CORP	$2,845,265	-3.8%	99,450	+2.1%	1.52%	+13.5%
XBI	Buy	SPDR SER TRs&p biotech	$2,716,344	-8.5%	37,200	+4.2%	1.45%	+7.8%
BKD	Sell	BROOKDALE SR LIVING INC	$2,401,154	-6.6%	579,989	-4.8%	1.28%	+10.1%
JPM	Sell	JPMORGAN CHASE & CO	$2,267,388	-6.3%	15,635	-6.0%	1.21%	+10.5%
GOLD	Sell	BARRICK GOLD CORPcall	$2,182,500	-37.1%	150,000	-26.8%	1.16%	-25.8%
C	Sell	CITIGROUP INC	$2,033,220	-17.1%	49,434	-7.2%	1.08%	-2.3%
IEMG	Sell	ISHARES INCcore msci emkt	$1,822,697	-34.3%	38,300	-32.0%	0.97%	-22.6%
NTRS	Buy	NORTHERN TR CORP	$1,792,653	+383.6%	25,801	+416.0%	0.96%	+468.5%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDcall	$1,585,080	-18.1%	155,400	-39.5%	0.84%	-3.4%
IBTX	Sell	INDEPENDENT BANK GROUP INC	$985,507	-9.2%	24,918	-20.7%	0.52%	+7.1%
PROV	Sell	PROVIDENT FINL HLDGS INC	$892,869	-5.6%	68,210	-8.0%	0.48%	+11.5%
XBI	Buy	SPDR SER TRcall	$730,200	+75.5%	10,000	+100.0%	0.39%	+106.9%
BAC	Sell	BANK AMERICA CORP	$669,112	-32.3%	24,438	-29.0%	0.36%	-20.2%
COF	Sell	CAPITAL ONE FINL CORPcall	$388,200	-77.8%	4,000	-75.0%	0.21%	-73.8%
UBS	Sell	UBS GROUP AG	$201,218	-53.4%	8,163	-61.6%	0.11%	-45.1%
	Buy	SCIENCE 37 HOLDINGS INC	$178,269	+155.7%	445,672	+35.9%	0.10%	+206.5%
IVZ	Sell	INVESCO LTDcall	$145,200	-71.2%	10,000	-66.7%	0.08%	-66.2%
MRK	Exit	MERCK & CO INC	$0	–	-2,000	–	-0.10%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-13,500	–	-0.18%	–
SCU	Exit	SCULPTOR CAP MGMT	$0	–	-227,121	–	-0.91%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-110,000	–	-2.15%	–

Q2 2023

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$57,626,400	–	130,000	–	26.04%	–
PFE	New	PFIZER INCcall	$11,458,832	–	312,400	–	5.18%	–
UBER	New	UBER TECHNOLOGIES INC	$9,599,799	–	222,372	–	4.34%	–
C	New	CITIGROUP INCcall	$8,747,600	–	190,000	–	3.95%	–
WU	New	WESTERN UN COcall	$7,843,851	–	668,700	–	3.54%	–
PFE	New	PFIZER INC	$7,141,303	–	194,692	–	3.23%	–
VTRS	New	VIATRIS INC	$6,895,072	–	690,889	–	3.12%	–
GILD	New	GILEAD SCIENCES INC	$6,312,264	–	81,903	–	2.85%	–
COF	New	CAPITAL ONE FINL CORP	$5,994,570	–	54,810	–	2.71%	–
IVZ	New	INVESCO LTD	$5,935,124	–	353,071	–	2.68%	–
UBER	New	UBER TECHNOLOGIES INCcall	$4,748,700	–	110,000	–	2.15%	–
PRGO	New	PERRIGO CO PLC	$4,677,563	–	137,778	–	2.11%	–
AMLP	New	ALPS ETF TRalerian mlp	$4,478,684	–	114,223	–	2.02%	–
CNNE	New	CANNAE HLDGS INC	$4,425,161	–	218,959	–	2.00%	–
WFC	New	WELLS FARGO CO NEWcall	$4,268,000	–	100,000	–	1.93%	–
CAH	New	CARDINAL HEALTH INC	$4,027,169	–	42,584	–	1.82%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$3,571,480	–	44,000	–	1.61%	–
GOLD	New	BARRICK GOLD CORPcall	$3,470,650	–	205,000	–	1.57%	–
WFC	New	WELLS FARGO CO NEW	$3,431,557	–	80,402	–	1.55%	–
WU	New	WESTERN UN CO	$3,391,859	–	289,161	–	1.53%	–
	New	SHELL PLCspon ads	$3,322,108	–	55,020	–	1.50%	–
EWS	New	ISHARES INCmsci singpor etf	$3,235,067	–	174,774	–	1.46%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$3,112,646	–	413,366	–	1.41%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,997,364	–	9,293	–	1.35%	–
XBI	New	SPDR SER TRs&p biotech	$2,970,240	–	35,700	–	1.34%	–
TFC	New	TRUIST FINL CORP	$2,957,608	–	97,450	–	1.34%	–
IEMG	New	ISHARES INCcore msci emkt	$2,775,027	–	56,300	–	1.25%	–
BKD	New	BROOKDALE SR LIVING INC	$2,571,415	–	609,340	–	1.16%	–
GOLD	New	BARRICK GOLD CORP	$2,459,370	–	145,267	–	1.11%	–
C	New	CITIGROUP INC	$2,453,103	–	53,282	–	1.11%	–
JPM	New	JPMORGAN CHASE & CO	$2,419,394	–	16,635	–	1.09%	–
VTRS	New	VIATRIS INCcall	$2,356,278	–	236,100	–	1.06%	–
TFC	New	TRUIST FINL CORPcall	$2,251,970	–	74,200	–	1.02%	–
SCU	New	SCULPTOR CAP MGMT	$2,005,478	–	227,121	–	0.91%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$1,935,210	–	257,000	–	0.87%	–
COF	New	CAPITAL ONE FINL CORPcall	$1,749,920	–	16,000	–	0.79%	–
FHI	New	FEDERATED HERMES INCcl b	$1,429,698	–	39,880	–	0.65%	–
SSB	New	SOUTHSTATE CORPORATION	$1,218,090	–	18,512	–	0.55%	–
RF	New	REGIONS FINANCIAL CORP NEW	$1,202,850	–	67,500	–	0.54%	–
IBTX	New	INDEPENDENT BANK GROUP INC	$1,084,864	–	31,418	–	0.49%	–
BAC	New	BANK AMERICA CORP	$988,026	–	34,438	–	0.45%	–
PROV	New	PROVIDENT FINL HLDGS INC	$945,719	–	74,174	–	0.43%	–
RF	New	REGIONS FINANCIAL CORP NEWcall	$712,800	–	40,000	–	0.32%	–
IVZ	New	INVESCO LTDcall	$504,300	–	30,000	–	0.23%	–
RVSB	New	RIVERVIEW BANCORP INC	$500,013	–	99,209	–	0.23%	–
UBS	New	UBS GROUP AG	$431,447	–	21,285	–	0.20%	–
FBNC	New	FIRST BANCORP N C	$432,297	–	14,531	–	0.20%	–
XBI	New	SPDR SER TRcall	$416,000	–	5,000	–	0.19%	–
SNV	New	SYNOVUS FINL CORP	$408,375	–	13,500	–	0.18%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$378,573	–	12,573	–	0.17%	–
NTRS	New	NORTHERN TR CORP	$370,700	–	5,000	–	0.17%	–
VBTX	New	VERITEX HLDGS INC	$362,078	–	20,194	–	0.16%	–
MRK	New	MERCK & CO INC	$230,780	–	2,000	–	0.10%	–
	New	SCIENCE 37 HOLDINGS INC	$69,709	–	328,041	–	0.03%	–

Q4 2022

			Value		Shares		↓ Weighting
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-12,573	–	-0.18%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-14,531	–	-0.31%	–
EWS	Exit	ISHARES INCcall	$0	–	-31,600	–	-0.32%	–
IBB	Exit	ISHARES TRcall	$0	–	-5,000	–	-0.34%	–
CNX	Exit	CNX RES CORP	$0	–	-38,500	–	-0.35%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-99,209	–	-0.37%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-10,000	–	-0.39%	–
MRK	Exit	MERCK & CO INC	$0	–	-9,966	–	-0.50%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-23,395	–	-0.52%	–
IEMG	Exit	ISHARES INCcall	$0	–	-24,200	–	-0.61%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-34,438	–	-0.61%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-283,500	–	-0.65%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-78,676	–	-0.66%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-29,096	–	-0.75%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-30,000	–	-0.76%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-175,300	–	-0.83%	–
SSB	Exit	SOUTHSTATE CORPORATION	$0	–	-18,512	–	-0.86%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-15,135	–	-0.93%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-28,066	–	-1.02%	–
IVZ	Exit	INVESCO LTDcall	$0	–	-138,800	–	-1.12%	–
C	Exit	CITIGROUP INC	$0	–	-46,782	–	-1.15%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-244,500	–	-1.16%	–
XBI	Exit	SPDR SER TRcall	$0	–	-25,700	–	-1.20%	–
PFE	Exit	PFIZER INCcall	$0	–	-49,900	–	-1.29%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-27,800	–	-1.30%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-530,168	–	-1.33%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-56,402	–	-1.34%	–
XLU	Exit	SELECT SECTOR SPDR TRput	$0	–	-38,000	–	-1.47%	–
FHI	Exit	FEDERATED HERMES INCcl b	$0	–	-76,537	–	-1.49%	–
SCU	Exit	SCULPTOR CAP MGMT	$0	–	-290,431	–	-1.51%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-9,293	–	-1.60%	–
	Exit	SHELL PLCspon ads	$0	–	-55,020	–	-1.61%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-45,000	–	-1.64%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-23,000	–	-1.64%	–
GDOT	Exit	GREEN DOT CORPcl a	$0	–	-152,100	–	-1.70%	–
HYG	Exit	ISHARES TRput	$0	–	-41,000	–	-1.72%	–
EWS	Exit	ISHARES INCmsci singpor etf	$0	–	-178,908	–	-1.80%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-198,485	–	-1.81%	–
WU	Exit	WESTERN UN CO	$0	–	-237,251	–	-1.89%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-893,300	–	-2.06%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-38,927	–	-2.11%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-279,000	–	-2.55%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-128,223	–	-2.76%	–
IVZ	Exit	INVESCO LTD	$0	–	-342,917	–	-2.77%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-139,278	–	-2.92%	–
C	Exit	CITIGROUP INCcall	$0	–	-120,000	–	-2.94%	–
WU	Exit	WESTERN UN COcall	$0	–	-377,900	–	-3.00%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-83,937	–	-3.05%	–
VTRS	Exit	VIATRIS INCcall	$0	–	-624,100	–	-3.13%	–
CNNE	Exit	CANNAE HLDGS INC	$0	–	-264,387	–	-3.22%	–
VTRS	Exit	VIATRIS INC	$0	–	-645,903	–	-3.24%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-222,872	–	-3.48%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-82,500	–	-3.50%	–
PFE	Exit	PFIZER INC	$0	–	-149,602	–	-3.86%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-19,000	–	-4.00%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-115,534	–	-4.54%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-392,000	–	-6.12%	–

Q3 2022

			Value		Shares		↓ Weighting
UBER	Sell	UBER TECHNOLOGIES INCcall	$10,388,000	+11.6%	392,000	-13.8%	6.12%	+9.0%
CAH	Sell	CARDINAL HEALTH INC	$7,704,000	+8.1%	115,534	-15.3%	4.54%	+5.6%
SPY	Sell	SPDR S&P 500 ETF TRput	$6,786,000	-18.2%	19,000	-13.6%	4.00%	-20.2%
UBER	Sell	UBER TECHNOLOGIES INC	$5,906,000	+12.2%	222,872	-13.4%	3.48%	+9.5%
VTRS	Sell	VIATRIS INC	$5,503,000	-20.2%	645,903	-1.9%	3.24%	-22.0%
CNNE	Sell	CANNAE HLDGS INC	$5,462,000	+6.4%	264,387	-0.4%	3.22%	+3.9%
VTRS	Buy	VIATRIS INCcall	$5,317,000	+257.8%	624,100	+339.8%	3.13%	+249.4%
GILD	Sell	GILEAD SCIENCES INC	$5,178,000	-4.7%	83,937	-4.5%	3.05%	-7.0%
WU	Buy	WESTERN UN COcall	$5,102,000	+342.5%	377,900	+439.9%	3.00%	+332.2%
C	Buy	CITIGROUP INCcall	$5,000,000	+443.5%	120,000	+500.0%	2.94%	+430.5%
PRGO	Buy	PERRIGO CO PLC	$4,967,000	+49.6%	139,278	+70.1%	2.92%	+46.1%
IVZ	Sell	INVESCO LTD	$4,698,000	-20.8%	342,917	-6.8%	2.77%	-22.7%
AMLP	Buy	ALPS ETF TRalerian mlp	$4,688,000	+9.6%	128,223	+3.2%	2.76%	+7.0%
GOLD	Buy	BARRICK GOLD CORPcall	$4,325,000	+171.7%	279,000	+210.0%	2.55%	+165.3%
COF	Buy	CAPITAL ONE FINL CORP	$3,588,000	+47.0%	38,927	+66.2%	2.11%	+43.5%
CS	Buy	CREDIT SUISSE GROUPcall	$3,502,000	-19.0%	893,300	+17.1%	2.06%	-20.9%
WU	Buy	WESTERN UN CO	$3,203,000	+23.1%	237,251	+50.3%	1.89%	+20.3%
GOLD	Buy	BARRICK GOLD CORP	$3,077,000	+56.2%	198,485	+78.3%	1.81%	+52.5%
EWS	Sell	ISHARES INCmsci singpor etf	$3,061,000	-13.0%	178,908	-10.1%	1.80%	-15.0%
HYG	Sell	ISHARES TRput	$2,927,000	-33.7%	41,000	-31.7%	1.72%	-35.3%
GDOT	Buy	GREEN DOT CORPcl a	$2,887,000	+37.7%	152,100	+82.2%	1.70%	+34.5%
XLV	New	SELECT SECTOR SPDR TRput	$2,786,000	–	23,000	–	1.64%	–
GILD	Sell	GILEAD SCIENCES INCcall	$2,776,000	-18.4%	45,000	-18.2%	1.64%	-20.2%
FHI	Sell	FEDERATED HERMES INCcl b	$2,535,000	-8.9%	76,537	-12.6%	1.49%	-11.0%
XLU	Sell	SELECT SECTOR SPDR TRput	$2,489,000	-50.0%	38,000	-46.5%	1.47%	-51.2%
BKD	Buy	BROOKDALE SR LIVING INC	$2,264,000	+1.4%	530,168	+7.8%	1.33%	-1.0%
XBI	Sell	SPDR SER TRs&p biotech	$2,205,000	-10.8%	27,800	-16.5%	1.30%	-12.9%
PFE	Buy	PFIZER INCcall	$2,184,000	+38.8%	49,900	+66.3%	1.29%	+35.7%
XBI	Sell	SPDR SER TRcall	$2,039,000	-18.5%	25,700	-23.7%	1.20%	-20.4%
C	Sell	CITIGROUP INC	$1,949,000	-50.9%	46,782	-45.8%	1.15%	-52.1%
IVZ	Buy	INVESCO LTDcall	$1,902,000	+73.2%	138,800	+103.8%	1.12%	+69.2%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$1,415,000	-25.8%	175,300	-30.8%	0.83%	-27.5%
IEMG	New	ISHARES INCcore msci emkt	$1,289,000	–	30,000	–	0.76%	–
CS	Sell	CREDIT SUISSE GROUPsponsored adr	$1,111,000	-34.2%	283,500	-4.8%	0.65%	-35.8%
IEMG	New	ISHARES INCcall	$1,040,000	–	24,200	–	0.61%	–
CAH	Sell	CARDINAL HEALTH INCcall	$667,000	-74.4%	10,000	-80.0%	0.39%	-75.0%
CNX	New	CNX RES CORP	$598,000	–	38,500	–	0.35%	–
EWS	New	ISHARES INCcall	$541,000	–	31,600	–	0.32%	–
GDX	Sell	VANECK ETF TRUSTgold miners etf	$303,000	-68.9%	12,573	-64.7%	0.18%	-69.7%
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-9,512	–	-0.21%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-24,892	–	-0.27%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-6,000	–	-0.38%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-35,000	–	-0.85%	–
PRGO	Exit	PERRIGO CO PLCcall	$0	–	-50,000	–	-1.22%	–
GLD	Exit	SPDR GOLD TRcall	$0	–	-20,000	–	-2.03%	–

Q2 2022

			Value		Shares		↓ Weighting
UBER	New	UBER TECHNOLOGIES INCcall	$9,309,000	–	455,000	–	5.61%	–
SPY	New	SPDR S&P 500 ETF TRput	$8,300,000	–	22,000	–	5.00%	–
PFE	New	PFIZER INC	$7,844,000	–	149,602	–	4.73%	–
CAH	New	CARDINAL HEALTH INC	$7,127,000	–	136,348	–	4.30%	–
VTRS	New	VIATRIS INC	$6,893,000	–	658,403	–	4.16%	–
IVZ	New	INVESCO LTD	$5,935,000	–	367,917	–	3.58%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$5,900,000	–	82,500	–	3.56%	–
GILD	New	GILEAD SCIENCES INC	$5,435,000	–	87,937	–	3.28%	–
UBER	New	UBER TECHNOLOGIES INC	$5,266,000	–	257,372	–	3.18%	–
CNNE	New	CANNAE HLDGS INC	$5,133,000	–	265,387	–	3.10%	–
XLU	New	SELECT SECTOR SPDR TRput	$4,979,000	–	71,000	–	3.00%	–
HYG	New	ISHARES TRput	$4,417,000	–	60,000	–	2.66%	–
CS	New	CREDIT SUISSE GROUPcall	$4,325,000	–	762,700	–	2.61%	–
AMLP	New	ALPS ETF TRalerian mlp	$4,279,000	–	124,223	–	2.58%	–
C	New	CITIGROUP INC	$3,973,000	–	86,381	–	2.40%	–
EWS	New	ISHARES INCmsci singpor etf	$3,517,000	–	198,908	–	2.12%	–
GILD	New	GILEAD SCIENCES INCcall	$3,400,000	–	55,000	–	2.05%	–
GLD	New	SPDR GOLD TRcall	$3,369,000	–	20,000	–	2.03%	–
PRGO	New	PERRIGO CO PLC	$3,321,000	–	81,866	–	2.00%	–
	New	SHELL PLCspon ads	$2,877,000	–	55,020	–	1.74%	–
FHI	New	FEDERATED HERMES INCcl b	$2,783,000	–	87,537	–	1.68%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,760,000	–	9,293	–	1.66%	–
CAH	New	CARDINAL HEALTH INCcall	$2,608,000	–	49,900	–	1.57%	–
WU	New	WESTERN UN CO	$2,601,000	–	157,900	–	1.57%	–
XBI	New	SPDR SER TRcall	$2,503,000	–	33,700	–	1.51%	–
XBI	New	SPDR SER TRs&p biotech	$2,473,000	–	33,300	–	1.49%	–
COF	New	CAPITAL ONE FINL CORP	$2,441,000	–	23,427	–	1.47%	–
SCU	New	SCULPTOR CAP MGMT	$2,425,000	–	290,431	–	1.46%	–
BKD	New	BROOKDALE SR LIVING INC	$2,232,000	–	491,668	–	1.35%	–
WFC	New	WELLS FARGO CO NEW	$2,209,000	–	56,402	–	1.33%	–
GDOT	New	GREEN DOT CORPcl a	$2,097,000	–	83,500	–	1.26%	–
PRGO	New	PERRIGO CO PLCcall	$2,029,000	–	50,000	–	1.22%	–
GOLD	New	BARRICK GOLD CORP	$1,970,000	–	111,351	–	1.19%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$1,906,000	–	253,486	–	1.15%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$1,839,000	–	244,500	–	1.11%	–
	New	GENERAL ELECTRIC CO	$1,787,000	–	28,066	–	1.08%	–
JPM	New	JPMORGAN CHASE & CO	$1,704,000	–	15,135	–	1.03%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$1,688,000	–	297,750	–	1.02%	–
GOLD	New	BARRICK GOLD CORPcall	$1,592,000	–	90,000	–	0.96%	–
PFE	New	PFIZER INCcall	$1,573,000	–	30,000	–	0.95%	–
VTRS	New	VIATRIS INCcall	$1,486,000	–	141,900	–	0.90%	–
SSB	New	SOUTHSTATE CORPORATION	$1,428,000	–	18,512	–	0.86%	–
EEM	New	ISHARES TRmsci emg mkt etf	$1,404,000	–	35,000	–	0.85%	–
TFC	New	TRUIST FINL CORP	$1,380,000	–	29,096	–	0.83%	–
PROV	New	PROVIDENT FINL HLDGS INC	$1,167,000	–	78,676	–	0.70%	–
WU	New	WESTERN UN COcall	$1,153,000	–	70,000	–	0.70%	–
IVZ	New	INVESCO LTDcall	$1,098,000	–	68,100	–	0.66%	–
BAC	New	BK OF AMERICA CORP	$1,072,000	–	34,438	–	0.65%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$974,000	–	35,573	–	0.59%	–
C	New	CITIGROUP INCcall	$920,000	–	20,000	–	0.56%	–
MRK	New	MERCK & CO INC	$909,000	–	9,966	–	0.55%	–
SNV	New	SYNOVUS FINL CORP	$843,000	–	23,395	–	0.51%	–
RVSB	New	RIVERVIEW BANCORP INC	$653,000	–	99,209	–	0.39%	–
AMZN	New	AMAZON COM INCput	$637,000	–	6,000	–	0.38%	–
IBB	New	ISHARES TRcall	$588,000	–	5,000	–	0.36%	–
FBNC	New	FIRST BANCORP N C	$507,000	–	14,531	–	0.31%	–
MYGN	New	MYRIAD GENETICS INC	$452,000	–	24,892	–	0.27%	–
BSX	New	BOSTON SCIENTIFIC CORP	$355,000	–	9,512	–	0.21%	–

Q4 2021

			Value		Shares		↓ Weighting
AMZN	Exit	AMAZON COM INCput	$0	–	-100	–	-0.14%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-10,642	–	-0.20%	–
GLPG	Exit	GALAPAGOS NVspon adr	$0	–	-10,000	–	-0.22%	–
GDX	Exit	VANECK ETF TRUSTcall	$0	–	-20,000	–	-0.25%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,839	–	-0.26%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-23,000	–	-0.27%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-100,209	–	-0.31%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-17,031	–	-0.31%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-16,000	–	-0.34%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-24,892	–	-0.34%	–
AMLP	Exit	ALPS ETF TRcall	$0	–	-30,000	–	-0.42%	–
MRK	Exit	MERCK & CO INC	$0	–	-17,031	–	-0.54%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-19,570	–	-0.55%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-78,676	–	-0.56%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCcall	$0	–	-30,000	–	-0.57%	–
SSB	Exit	SOUTHSTATE CORPORATION	$0	–	-18,512	–	-0.59%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-50,883	–	-0.65%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-35,000	–	-0.66%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-165,800	–	-0.69%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-58,073	–	-0.73%	–
MCK	Exit	MCKESSON CORP	$0	–	-9,675	–	-0.82%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-44,020	–	-0.83%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-5,193	–	-0.83%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-13,710	–	-0.94%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-60,428	–	-0.94%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-123,351	–	-0.94%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-373,368	–	-1.00%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-54,074	–	-1.01%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-56,438	–	-1.02%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-16,635	–	-1.16%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-62,500	–	-1.19%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-288,486	–	-1.19%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-51,706	–	-1.29%	–
FHI	Exit	FEDERATED HERMES INCcl b	$0	–	-98,463	–	-1.36%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-69,239	–	-1.39%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-50,000	–	-1.48%	–
VTRS	Exit	VIATRIS INCcall	$0	–	-264,400	–	-1.52%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-397,750	–	-1.66%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-410,200	–	-1.70%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-79,500	–	-1.76%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-714,794	–	-1.76%	–
XLE	Exit	SELECT SECTOR SPDR TRcall	$0	–	-80,000	–	-1.77%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-125,223	–	-1.77%	–
PFE	Exit	PFIZER INC	$0	–	-103,502	–	-1.89%	–
EWS	Exit	ISHARES INCmsci singpor etf	$0	–	-195,908	–	-1.89%	–
PFE	Exit	PFIZER INCcall	$0	–	-105,000	–	-1.92%	–
XLF	Exit	SELECT SECTOR SPDR TRput	$0	–	-123,500	–	-1.97%	–
TSLA	Exit	TESLA INCput	$0	–	-6,000	–	-1.97%	–
KR	Exit	KROGER CO	$0	–	-115,911	–	-1.99%	–
CNNE	Exit	CANNAE HLDGS INC	$0	–	-153,270	–	-2.02%	–
C	Exit	CITIGROUP INC	$0	–	-68,381	–	-2.04%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-270,000	–	-2.07%	–
ARKK	Exit	ARK ETF TRput	$0	–	-47,000	–	-2.20%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-54,063	–	-2.36%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-130,118	–	-2.56%	–
SCU	Exit	SCULPTOR CAP MGMT	$0	–	-243,657	–	-2.88%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-99,937	–	-2.96%	–
VTRS	Exit	VIATRIS INC	$0	–	-516,803	–	-2.97%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-154,848	–	-3.25%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-64,000	–	-3.46%	–
IVZ	Exit	INVESCO LTD	$0	–	-343,917	–	-3.52%	–
GLD	Exit	SPDR GOLD TRcall	$0	–	-78,000	–	-5.43%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-30,000	–	-5.46%	–
HYG	Exit	ISHARES TRput	$0	–	-195,900	–	-7.27%	–

Q3 2021

			Value		Shares		↓ Weighting
HYG	Buy	ISHARES TRput	$17,139,000	+52.8%	195,900	+53.8%	7.27%	+40.7%
SPY	Sell	SPDR S&P 500 ETF TRput	$12,874,000	-36.0%	30,000	-36.2%	5.46%	-41.1%
GLD	Buy	SPDR GOLD TRcall	$12,809,000	+13.7%	78,000	+14.7%	5.43%	+4.7%
IVZ	Sell	INVESCO LTD	$8,292,000	-12.3%	343,917	-2.8%	3.52%	-19.3%
XLV	Sell	SELECT SECTOR SPDR TRput	$8,147,000	-41.2%	64,000	-41.8%	3.46%	-45.9%
CAH	Buy	CARDINAL HEALTH INC	$7,659,000	-0.4%	154,848	+15.0%	3.25%	-8.3%
VTRS	Buy	VIATRIS INC	$7,003,000	+0.0%	516,803	+5.5%	2.97%	-7.9%
GILD	Sell	GILEAD SCIENCES INC	$6,981,000	-18.2%	99,937	-19.4%	2.96%	-24.7%
SCU	Sell	SCULPTOR CAP MGMT	$6,796,000	-0.5%	243,657	-12.2%	2.88%	-8.4%
WFC	Sell	WELLS FARGO CO NEW	$6,039,000	-12.3%	130,118	-14.5%	2.56%	-19.3%
	New	GENERAL ELECTRIC CO	$5,570,000	–	54,063	–	2.36%	–
ARKK	Buy	ARK ETF TRput	$5,195,000	-9.7%	47,000	+6.8%	2.20%	-16.9%
GOLD	Buy	BARRICK GOLD CORPcall	$4,874,000	+68.4%	270,000	+92.9%	2.07%	+54.9%
C	Sell	CITIGROUP INC	$4,799,000	-8.3%	68,381	-7.5%	2.04%	-15.6%
CNNE	Buy	CANNAE HLDGS INC	$4,768,000	+109.7%	153,270	+128.5%	2.02%	+92.9%
KR	Sell	KROGER CO	$4,686,000	-11.3%	115,911	-16.0%	1.99%	-18.3%
TSLA	New	TESLA INCput	$4,653,000	–	6,000	–	1.97%	–
XLF	New	SELECT SECTOR SPDR TRput	$4,635,000	–	123,500	–	1.97%	–
PFE	New	PFIZER INCcall	$4,516,000	–	105,000	–	1.92%	–
EWS	Sell	ISHARES INCmsci singpor etf	$4,461,000	-7.8%	195,908	-5.9%	1.89%	-15.2%
PFE	Sell	PFIZER INC	$4,452,000	-21.9%	103,502	-28.9%	1.89%	-28.1%
AMLP	Buy	ALPS ETF TRalerian mlp	$4,174,000	+34.9%	125,223	+47.3%	1.77%	+24.1%
XLE	Buy	SELECT SECTOR SPDR TRcall	$4,167,000	+3.1%	80,000	+6.7%	1.77%	-5.0%
CPSS	Sell	CONSUMER PORTFOLIO SVCS INC	$4,146,000	+26.3%	714,794	-2.0%	1.76%	+16.3%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$4,141,000	+129.4%	79,500	+137.3%	1.76%	+111.1%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDcall	$3,995,000	+40.4%	410,200	+42.7%	1.70%	+29.3%
CS	Buy	CREDIT SUISSE GROUPsponsored adr	$3,922,000	+4.5%	397,750	+11.2%	1.66%	-3.8%
VTRS	New	VIATRIS INCcall	$3,583,000	–	264,400	–	1.52%	–
GILD	New	GILEAD SCIENCES INCcall	$3,493,000	–	50,000	–	1.48%	–
PRGO	Buy	PERRIGO CO PLC	$3,277,000	+31.8%	69,239	+27.7%	1.39%	+21.3%
FHI	Buy	FEDERATED HERMES INCcl b	$3,200,000	+2.1%	98,463	+6.5%	1.36%	-6.1%
TFC	Sell	TRUIST FINL CORP	$3,033,000	-5.3%	51,706	-10.4%	1.29%	-12.8%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$2,810,000	+9.4%	288,486	+11.2%	1.19%	+0.7%
UBER	Buy	UBER TECHNOLOGIES INC	$2,800,000	+59.6%	62,500	+78.6%	1.19%	+47.0%
JPM	Sell	JPMORGAN CHASE & CO	$2,723,000	-4.0%	16,635	-8.8%	1.16%	-11.6%
BAC	Sell	BK OF AMERICA CORP	$2,396,000	-8.4%	56,438	-11.0%	1.02%	-15.7%
GOLD	Buy	BARRICK GOLD CORP	$2,226,000	-4.2%	123,351	+9.8%	0.94%	-11.8%
COF	Sell	CAPITAL ONE FINL CORP	$2,221,000	-8.6%	13,710	-12.7%	0.94%	-15.9%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,963,000	-28.1%	5,193	-27.8%	0.83%	-33.8%
GDX	Buy	VANECK ETF TRUSTgold miners etf	$1,711,000	-10.2%	58,073	+3.6%	0.73%	-17.3%
CS	Buy	CREDIT SUISSE GROUPcall	$1,635,000	+27.8%	165,800	+36.0%	0.69%	+17.8%
UBER	New	UBER TECHNOLOGIES INCcall	$1,568,000	–	35,000	–	0.66%	–
THC	Sell	TENET HEALTHCARE CORP	$1,300,000	-46.5%	19,570	-46.0%	0.55%	-50.8%
MRK	Sell	MERCK & CO INC	$1,279,000	-18.3%	17,031	-15.4%	0.54%	-24.8%
AMLP	New	ALPS ETF TRcall	$1,000,000	–	30,000	–	0.42%	–
MYGN	Sell	MYRIAD GENETICS INC	$804,000	-10.6%	24,892	-15.3%	0.34%	-17.6%
CAH	New	CARDINAL HEALTH INCcall	$791,000	–	16,000	–	0.34%	–
JNJ	Sell	JOHNSON & JOHNSON	$620,000	-31.6%	3,839	-30.2%	0.26%	-37.1%
GLPG	New	GALAPAGOS NVspon adr	$526,000	–	10,000	–	0.22%	–
BSX	Sell	BOSTON SCIENTIFIC CORP	$462,000	-8.2%	10,642	-9.4%	0.20%	-15.5%
AMZN	New	AMAZON COM INCput	$329,000	–	100	–	0.14%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-15,500	–	-0.23%	–
SC	Exit	SANTANDER CONSUMER USA HLDGS	$0	–	-22,940	–	-0.38%	–
IBB	Exit	ISHARES TRput	$0	–	-5,100	–	-0.38%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-432,506	–	-2.68%	–

Q2 2021

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$20,119,000	–	47,000	–	9.27%	–
XLV	New	SELECT SECTOR SPDR TRput	$13,855,000	–	110,000	–	6.38%	–
GLD	New	SPDR GOLD TRcall	$11,263,000	–	68,000	–	5.19%	–
HYG	New	ISHARES TRput	$11,216,000	–	127,400	–	5.17%	–
IVZ	New	INVESCO LTD	$9,460,000	–	353,917	–	4.36%	–
GILD	New	GILEAD SCIENCES INC	$8,534,000	–	123,937	–	3.93%	–
CAH	New	CARDINAL HEALTH INC	$7,689,000	–	134,676	–	3.54%	–
VTRS	New	VIATRIS INC	$7,001,000	–	489,920	–	3.23%	–
WFC	New	WELLS FARGO CO NEW	$6,889,000	–	152,118	–	3.17%	–
SCU	New	SCULPTOR CAP MGMT	$6,828,000	–	277,657	–	3.15%	–
GE	New	GENERAL ELECTRIC CO	$5,822,000	–	432,506	–	2.68%	–
ARKK	New	ARK ETF TRput	$5,754,000	–	44,000	–	2.65%	–
PFE	New	PFIZER INC	$5,702,000	–	145,602	–	2.63%	–
KR	New	KROGER CO	$5,283,000	–	137,911	–	2.43%	–
C	New	CITIGROUP INC	$5,232,000	–	73,947	–	2.41%	–
EWS	New	ISHARES INCmsci singpor etf	$4,839,000	–	208,234	–	2.23%	–
XLE	New	SELECT SECTOR SPDR TRcall	$4,040,000	–	75,000	–	1.86%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$3,753,000	–	357,750	–	1.73%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$3,283,000	–	729,494	–	1.51%	–
TFC	New	TRUIST FINL CORP	$3,203,000	–	57,706	–	1.48%	–
FHI	New	FEDERATED HERMES INCcl b	$3,135,000	–	92,463	–	1.44%	–
AMLP	New	ALPS ETF TRalerian mlp	$3,095,000	–	85,000	–	1.43%	–
BKD	New	BROOKDALE SR LIVING INC	$2,950,000	–	373,368	–	1.36%	–
GOLD	New	BARRICK GOLD CORPcall	$2,895,000	–	140,000	–	1.33%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$2,846,000	–	287,500	–	1.31%	–
JPM	New	JPMORGAN CHASE & CO	$2,836,000	–	18,235	–	1.31%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,730,000	–	7,193	–	1.26%	–
BAC	New	BK OF AMERICA CORP	$2,616,000	–	63,438	–	1.20%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$2,569,000	–	259,486	–	1.18%	–
PRGO	New	PERRIGO CO PLC	$2,487,000	–	54,239	–	1.15%	–
KHC	New	KRAFT HEINZ CO	$2,464,000	–	60,428	–	1.14%	–
COF	New	CAPITAL ONE FINL CORP	$2,430,000	–	15,710	–	1.12%	–
THC	New	TENET HEALTHCARE CORP	$2,428,000	–	36,241	–	1.12%	–
SNV	New	SYNOVUS FINL CORP	$2,373,000	–	54,074	–	1.09%	–
GOLD	New	BARRICK GOLD CORP	$2,323,000	–	112,351	–	1.07%	–
CNNE	New	CANNAE HLDGS INC	$2,274,000	–	67,070	–	1.05%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$1,905,000	–	56,073	–	0.88%	–
MCK	New	MCKESSON CORP	$1,850,000	–	9,675	–	0.85%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$1,805,000	–	33,500	–	0.83%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,778,000	–	44,020	–	0.82%	–
UBER	New	UBER TECHNOLOGIES INC	$1,754,000	–	35,000	–	0.81%	–
MRK	New	MERCK & CO INC	$1,566,000	–	20,131	–	0.72%	–
PDCO	New	PATTERSON COS INC	$1,546,000	–	50,883	–	0.71%	–
SSB	New	SOUTH ST CORP	$1,514,000	–	18,512	–	0.70%	–
PROV	New	PROVIDENT FINL HLDGS INC	$1,359,000	–	78,676	–	0.63%	–
CS	New	CREDIT SUISSE GROUPcall	$1,279,000	–	121,900	–	0.59%	–
RDSA	New	ROYAL DUTCH SHELL PLCcall	$1,212,000	–	30,000	–	0.56%	–
JNJ	New	JOHNSON & JOHNSON	$907,000	–	5,503	–	0.42%	–
MYGN	New	MYRIAD GENETICS INC	$899,000	–	29,392	–	0.41%	–
IBB	New	ISHARES TRput	$835,000	–	5,100	–	0.38%	–
SC	New	SANTANDER CONSUMER USA HLDGS	$833,000	–	22,940	–	0.38%	–
RVSB	New	RIVERVIEW BANCORP INC	$710,000	–	100,209	–	0.33%	–
FBNC	New	FIRST BANCORP N C	$697,000	–	17,031	–	0.32%	–
GDX	New	VANECK VECTORS ETF TRcall	$680,000	–	20,000	–	0.31%	–
BHC	New	BAUSCH HEALTH COS INC	$674,000	–	23,000	–	0.31%	–
BSX	New	BOSTON SCIENTIFIC CORP	$503,000	–	11,752	–	0.23%	–
BLUE	New	BLUEBIRD BIO INC	$496,000	–	15,500	–	0.23%	–

Q4 2020

			Value		Shares		↓ Weighting
SNV	Exit	SYNOVUS FINL CORPcall	$0	–	-17,000	–	-0.19%	–
TFC	Exit	TRUIST FINL CORPcall	$0	–	-10,000	–	-0.20%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-21,901	–	-0.21%	–
EVTC	Exit	EVERTEC INC	$0	–	-11,797	–	-0.22%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-100,209	–	-0.22%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-36,392	–	-0.25%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-12,573	–	-0.26%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-8,697	–	-0.27%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-14,052	–	-0.28%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-27,037	–	-0.30%	–
WDR	Exit	WADDELL & REED FINL INCcall	$0	–	-40,000	–	-0.32%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-70,000	–	-0.33%	–
GE	Exit	GENERAL ELECTRIC COcall	$0	–	-110,000	–	-0.36%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-25,000	–	-0.37%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-5,400	–	-0.39%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-16,000	–	-0.40%	–
TCBI	Exit	TEXAS CAP BANCSHARES INC	$0	–	-26,059	–	-0.43%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,503	–	-0.43%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-32,546	–	-0.43%	–
ARKK	Exit	ARK ETF TRcall	$0	–	-10,100	–	-0.49%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-78,676	–	-0.50%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-115,678	–	-0.54%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-9,902	–	-0.54%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-422,768	–	-0.57%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-55,000	–	-0.58%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-40,251	–	-0.60%	–
SSB	Exit	SOUTH ST CORP	$0	–	-23,562	–	-0.60%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-133,186	–	-0.64%	–
DVA	Exit	DAVITA INC	$0	–	-14,742	–	-0.67%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-35,000	–	-0.68%	–
KRE	Exit	SPDR SER TRcall	$0	–	-40,000	–	-0.76%	–
FHI	Exit	FEDERATED HERMES INCcl b	$0	–	-66,963	–	-0.76%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-99,576	–	-0.82%	–
IVZ	Exit	INVESCO LTDcall	$0	–	-138,000	–	-0.83%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-26,000	–	-0.87%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-70,000	–	-0.87%	–
MCK	Exit	MCKESSON CORP	$0	–	-11,175	–	-0.88%	–
MRK	Exit	MERCK & CO. INC	$0	–	-20,131	–	-0.88%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-36,733	–	-0.89%	–
PFE	Exit	PFIZER INCcall	$0	–	-50,000	–	-0.97%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-61,500	–	-0.98%	–
C	Exit	CITIGROUP INC	$0	–	-43,247	–	-0.99%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-102,807	–	-0.99%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-9,300	–	-0.99%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-78,583	–	-1.00%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-90,977	–	-1.02%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-67,500	–	-1.07%	–
C	Exit	CITIGROUP INCcall	$0	–	-47,500	–	-1.08%	–
COF	Exit	CAPITAL ONE FINL CORPcall	$0	–	-30,000	–	-1.14%	–
KR	Exit	KROGER CO	$0	–	-63,711	–	-1.14%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-362,406	–	-1.20%	–
CRM	Exit	SALESFORCE COM INCput	$0	–	-9,000	–	-1.20%	–
SCU	Exit	SCULPTOR CAP MGMT	$0	–	-195,557	–	-1.22%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-50,115	–	-1.25%	–
EWS	Exit	ISHARES INCcall	$0	–	-127,000	–	-1.26%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-97,362	–	-1.26%	–
EWS	Exit	ISHARES INCmsci singpor etf	$0	–	-130,234	–	-1.29%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-102,438	–	-1.31%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-65,850	–	-1.33%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-774,704	–	-1.35%	–
GDX	Exit	VANECK VECTORS ETF TRcall	$0	–	-68,000	–	-1.41%	–
HRB	Exit	BLOCK H & R INC	$0	–	-163,418	–	-1.41%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-27,890	–	-1.42%	–
TSLA	Exit	TESLA INCcall	$0	–	-6,300	–	-1.43%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCcall	$0	–	-115,000	–	-1.53%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-30,000	–	-1.68%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-44,710	–	-1.70%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-322,750	–	-1.70%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-222,410	–	-1.75%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-10,000	–	-1.77%	–
MYL	Exit	MYLAN NV	$0	–	-244,614	–	-1.92%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-156,118	–	-1.94%	–
PFE	Exit	PFIZER INC	$0	–	-101,602	–	-1.98%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-60,437	–	-2.02%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-1,300	–	-2.17%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-20,693	–	-2.20%	–
XLE	Exit	SELECT SECTOR SPDR TRcall	$0	–	-150,000	–	-2.38%	–
ARKK	Exit	ARK ETF TRput	$0	–	-54,000	–	-2.63%	–
IVZ	Exit	INVESCO LTD	$0	–	-456,727	–	-2.76%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-486,100	–	-6.20%	–
FDN	Exit	FIRST TR EXCHANGE-TRADED FDput	$0	–	-64,000	–	-6.38%	–
TSLA	Exit	TESLA INCput	$0	–	-34,000	–	-7.72%	–

Q3 2020

			Value		Shares		↓ Weighting
TSLA	Buy	TESLA INCput	$14,586,000	+101.6%	34,000	+407.5%	7.72%	+99.6%
FDN	Buy	FIRST TR EXCHANGE-TRADED FDput	$12,053,000	+55.0%	64,000	+40.4%	6.38%	+53.5%
XLF	Buy	SELECT SECTOR SPDR TRcall	$11,700,000	+13.3%	486,100	+9.0%	6.20%	+12.2%
IVZ	Sell	INVESCO LTD	$5,211,000	-3.8%	456,727	-9.2%	2.76%	-4.7%
ARKK	Buy	ARK ETF TRput	$4,968,000	+43.6%	54,000	+11.3%	2.63%	+42.1%
XLE	Buy	SELECT SECTOR SPDR TRcall	$4,493,000	+69.5%	150,000	+114.3%	2.38%	+67.8%
GS	Sell	GOLDMAN SACHS GROUP INC	$4,159,000	-11.2%	20,693	-12.7%	2.20%	-12.1%
AMZN	Sell	AMAZON COM INCput	$4,093,000	-40.7%	1,300	-48.0%	2.17%	-41.2%
GILD	Buy	GILEAD SCIENCES INC	$3,819,000	+17.0%	60,437	+42.4%	2.02%	+15.8%
PFE	Buy	PFIZER INC	$3,729,000	+15.7%	101,602	+3.0%	1.98%	+14.5%
WFC	Buy	WELLS FARGO CO NEW	$3,670,000	-1.9%	156,118	+6.8%	1.94%	-2.8%
MYL	Buy	MYLAN NV	$3,628,000	+12.6%	244,614	+22.1%	1.92%	+11.4%
SPY	Sell	SPDR S&P 500 ETF TRput	$3,349,000	-72.8%	10,000	-75.0%	1.77%	-73.1%
WDR	Sell	WADDELL & REED FINL INCcl a	$3,303,000	-7.6%	222,410	-3.5%	1.75%	-8.5%
CS	Sell	CREDIT SUISSE GROUPsponsored adr	$3,218,000	-5.8%	322,750	-2.6%	1.70%	-6.8%
COF	Sell	CAPITAL ONE FINL CORP	$3,213,000	+12.3%	44,710	-2.2%	1.70%	+11.2%
XLV	Sell	SELECT SECTOR SPDR TRput	$3,164,000	-29.7%	30,000	-33.3%	1.68%	-30.4%
RDSA	Buy	ROYAL DUTCH SHELL PLCcall	$2,895,000	+77.1%	115,000	+130.0%	1.53%	+75.2%
TSLA	New	TESLA INCcall	$2,703,000	–	6,300	–	1.43%	–
HRB	Buy	BLOCK H & R INC	$2,662,000	+16.7%	163,418	+2.3%	1.41%	+15.5%
GDX	Sell	VANECK VECTORS ETF TRcall	$2,663,000	-30.8%	68,000	-35.2%	1.41%	-31.6%
CPSS	Sell	CONSUMER PORTFOLIO SVCS INC	$2,557,000	+16.1%	774,704	-0.5%	1.35%	+14.8%
TFC	Buy	TRUIST FINL CORP	$2,506,000	+13.4%	65,850	+11.9%	1.33%	+12.3%
EWS	Buy	ISHARES INCmsci singpor etf	$2,438,000	+12.7%	130,234	+13.0%	1.29%	+11.6%
THC	Buy	TENET HEALTHCARE CORP	$2,386,000	+59.9%	97,362	+18.2%	1.26%	+58.4%
EWS	Sell	ISHARES INCcall	$2,377,000	-57.2%	127,000	-57.0%	1.26%	-57.6%
CAH	Buy	CARDINAL HEALTH INC	$2,353,000	-0.1%	50,115	+11.1%	1.25%	-1.1%
SCU	Buy	SCULPTOR CAP MGMT	$2,296,000	-7.8%	195,557	+1.6%	1.22%	-8.7%
CRM	Buy	SALESFORCE COM INCput	$2,262,000	+101.2%	9,000	+50.0%	1.20%	+99.3%
GE	Sell	GENERAL ELECTRIC CO	$2,258,000	-18.9%	362,406	-11.0%	1.20%	-19.7%
KR	Sell	KROGER CO	$2,160,000	-7.1%	63,711	-7.3%	1.14%	-8.0%
COF	Buy	CAPITAL ONE FINL CORPcall	$2,156,000	+23.0%	30,000	+7.1%	1.14%	+21.7%
C	Buy	CITIGROUP INCcall	$2,048,000	+300.8%	47,500	+375.0%	1.08%	+297.4%
SNV	Buy	SYNOVUS FINL CORP	$1,926,000	+26.8%	90,977	+23.0%	1.02%	+25.5%
PDCO	Sell	PATTERSON COS INC	$1,894,000	-3.9%	78,583	-12.3%	1.00%	-4.9%
GS	Buy	GOLDMAN SACHS GROUP INCcall	$1,869,000	+14.0%	9,300	+12.0%	0.99%	+12.9%
C	Sell	CITIGROUP INC	$1,864,000	-24.4%	43,247	-10.4%	0.99%	-25.2%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$1,842,000	-15.3%	61,500	+7.0%	0.98%	-16.2%
PFE	Sell	PFIZER INCcall	$1,835,000	-6.5%	50,000	-16.7%	0.97%	-7.4%
WFC	Sell	WELLS FARGO CO NEWcall	$1,646,000	-20.6%	70,000	-13.6%	0.87%	-21.4%
GILD	Buy	GILEAD SCIENCES INCcall	$1,643,000	+113.7%	26,000	+160.0%	0.87%	+111.7%
IVZ	Sell	INVESCO LTDcall	$1,575,000	-48.4%	138,000	-51.3%	0.83%	-48.9%
BHC	Buy	BAUSCH HEALTH COS INC	$1,547,000	+19.8%	99,576	+41.1%	0.82%	+18.5%
FHI	Buy	FEDERATED HERMES INCcl b	$1,440,000	+3.1%	66,963	+13.6%	0.76%	+2.1%
KRE	New	SPDR SER TRcall	$1,427,000	–	40,000	–	0.76%	–
DVA	Sell	DAVITA INC	$1,263,000	-41.4%	14,742	-45.9%	0.67%	-42.0%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$1,200,000	-40.4%	133,186	-18.4%	0.64%	-40.9%
SSB	Buy	SOUTH ST CORP	$1,135,000	+25.4%	23,562	+24.0%	0.60%	+24.2%
GOLD	Sell	BARRICK GOLD CORP	$1,131,000	-44.9%	40,251	-47.2%	0.60%	-45.5%
AMLP	Buy	ALPS ETF TRalerian mlp	$1,099,000	+197.0%	55,000	+266.7%	0.58%	+193.9%
FLR	Sell	FLUOR CORP NEW	$1,019,000	-27.7%	115,678	-0.9%	0.54%	-28.4%
ARKK	New	ARK ETF TRcall	$929,000	–	10,100	–	0.49%	–
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$819,000	-29.5%	32,546	-8.4%	0.43%	-30.2%
CAH	New	CARDINAL HEALTH INCcall	$751,000	–	16,000	–	0.40%	–
GOLD	Buy	BARRICK GOLD CORPcall	$703,000	+30.4%	25,000	+25.0%	0.37%	+29.2%
GE	New	GENERAL ELECTRIC COcall	$685,000	–	110,000	–	0.36%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$631,000	–	70,000	–	0.33%	–
WDR	New	WADDELL & REED FINL INCcall	$594,000	–	40,000	–	0.32%	–
BSX	Sell	BOSTON SCIENTIFIC CORP	$537,000	-9.7%	14,052	-17.1%	0.28%	-10.7%
DFS	Sell	DISCOVER FINL SVCS	$503,000	-33.5%	8,697	-42.4%	0.27%	-34.2%
MYGN	Buy	MYRIAD GENETICS INC	$475,000	+200.6%	36,392	+162.0%	0.25%	+196.5%
EVTC	Sell	EVERTEC INC	$409,000	-83.2%	11,797	-86.4%	0.22%	-83.3%
SNV	Sell	SYNOVUS FINL CORPcall	$360,000	-12.4%	17,000	-15.0%	0.19%	-13.2%
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-40,085	–	-0.06%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-5,343	–	-0.12%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-4,330	–	-0.12%	–
GDOT	Exit	GREEN DOT CORPcl a	$0	–	-6,200	–	-0.16%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-141,539	–	-0.23%	–
BIIB	Exit	BIOGEN INC	$0	–	-2,377	–	-0.34%	–
HRB	Exit	BLOCK H & R INCcall	$0	–	-50,000	–	-0.38%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-88,529	–	-1.20%	–

Q2 2020

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$12,334,000	–	40,000	–	6.60%	–
XLF	New	SELECT SECTOR SPDR TRcall	$10,323,000	–	446,100	–	5.52%	–
FDN	New	FIRST TR NASDAQ-100 TECH INDput	$7,775,000	–	45,600	–	4.16%	–
TSLA	New	TESLA INCput	$7,235,000	–	6,700	–	3.87%	–
AMZN	New	AMAZON COM INCput	$6,897,000	–	2,500	–	3.69%	–
EWS	New	ISHARES INCcall	$5,548,000	–	295,600	–	2.97%	–
IVZ	New	INVESCO LTD	$5,415,000	–	503,237	–	2.90%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,682,000	–	23,693	–	2.50%	–
XLV	New	SELECT SECTOR SPDR TRput	$4,503,000	–	45,000	–	2.41%	–
GDX	New	VANECK VECTORS ETF TRcall	$3,851,000	–	105,000	–	2.06%	–
WFC	New	WELLS FARGO CO NEW	$3,741,000	–	146,118	–	2.00%	–
WDR	New	WADDELL & REED FINL INCcl a	$3,574,000	–	230,410	–	1.91%	–
ARKK	New	ARK ETF TRput	$3,459,000	–	48,500	–	1.85%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$3,416,000	–	331,372	–	1.83%	–
GILD	New	GILEAD SCIENCES INC	$3,265,000	–	42,437	–	1.75%	–
PFE	New	PFIZER INC	$3,224,000	–	98,602	–	1.72%	–
MYL	New	MYLAN NV	$3,223,000	–	200,414	–	1.72%	–
IVZ	New	INVESCO LTDcall	$3,052,000	–	283,600	–	1.63%	–
COF	New	CAPITAL ONE FINL CORP	$2,862,000	–	45,728	–	1.53%	–
GE	New	GENERAL ELECTRIC CO	$2,783,000	–	407,406	–	1.49%	–
XLE	New	SELECT SECTOR SPDR TRcall	$2,650,000	–	70,000	–	1.42%	–
JPM	New	JPMORGAN CHASE & CO	$2,623,000	–	27,890	–	1.40%	–
SCU	New	SCULPTOR CAP MGMT	$2,490,000	–	192,557	–	1.33%	–
C	New	CITIGROUP INC	$2,465,000	–	48,247	–	1.32%	–
BAC	New	BK OF AMERICA CORP	$2,433,000	–	102,438	–	1.30%	–
EVTC	New	EVERTEC INC	$2,431,000	–	86,507	–	1.30%	–
CAH	New	CARDINAL HEALTH INC	$2,355,000	–	45,115	–	1.26%	–
KR	New	KROGER CO	$2,326,000	–	68,711	–	1.24%	–
HRB	New	BLOCK H & R INC	$2,282,000	–	159,818	–	1.22%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,240,000	–	88,529	–	1.20%	–
TFC	New	TRUIST FINL CORP	$2,210,000	–	58,850	–	1.18%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$2,203,000	–	778,505	–	1.18%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$2,176,000	–	57,500	–	1.16%	–
EWS	New	ISHARES INCmsci singpor etf	$2,163,000	–	115,234	–	1.16%	–
DVA	New	DAVITA INC	$2,156,000	–	27,242	–	1.15%	–
KHC	New	KRAFT HEINZ CO	$2,153,000	–	67,500	–	1.15%	–
WFC	New	WELLS FARGO CO NEWcall	$2,074,000	–	81,000	–	1.11%	–
GOLD	New	BARRICK GOLD CORPORATION	$2,054,000	–	76,251	–	1.10%	–
PRGO	New	PERRIGO CO PLC	$2,030,000	–	36,733	–	1.09%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$2,012,000	–	163,186	–	1.08%	–
PDCO	New	PATTERSON COS INC	$1,971,000	–	89,583	–	1.06%	–
PFE	New	PFIZER INCcall	$1,962,000	–	60,000	–	1.05%	–
SC	New	SANTANDER CONSUMER USA HDG I	$1,893,000	–	102,807	–	1.01%	–
COF	New	CAPITAL ONE FINL CORPcall	$1,753,000	–	28,000	–	0.94%	–
MCK	New	MCKESSON CORP	$1,714,000	–	11,175	–	0.92%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$1,640,000	–	8,300	–	0.88%	–
RDSA	New	ROYAL DUTCH SHELL PLCcall	$1,635,000	–	50,000	–	0.88%	–
MRK	New	MERCK & CO. INC	$1,557,000	–	20,131	–	0.83%	–
SNV	New	SYNOVUS FINL CORP	$1,519,000	–	73,977	–	0.81%	–
THC	New	TENET HEALTHCARE CORP	$1,492,000	–	82,362	–	0.80%	–
FLR	New	FLUOR CORP NEW	$1,409,000	–	116,678	–	0.75%	–
FHI	New	FEDERATED HERMES INCcl b	$1,397,000	–	58,963	–	0.75%	–
BHC	New	BAUSCH HEALTH COS INC	$1,291,000	–	70,576	–	0.69%	–
BKD	New	BROOKDALE SR LIVING INC	$1,247,000	–	422,768	–	0.67%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,162,000	–	35,546	–	0.62%	–
CRM	New	SALESFORCE COM INCput	$1,124,000	–	6,000	–	0.60%	–
UBER	New	UBER TECHNOLOGIES INC	$1,088,000	–	35,000	–	0.58%	–
PROV	New	PROVIDENT FINL HLDGS INC	$1,055,000	–	78,676	–	0.56%	–
MDT	New	MEDTRONIC PLC	$908,000	–	9,902	–	0.49%	–
SSB	New	SOUTH ST CORP	$905,000	–	18,996	–	0.48%	–
TCBI	New	TEXAS CAP BANCSHARES INC	$804,000	–	26,059	–	0.43%	–
JNJ	New	JOHNSON & JOHNSON	$774,000	–	5,503	–	0.41%	–
GILD	New	GILEAD SCIENCES INCcall	$769,000	–	10,000	–	0.41%	–
DFS	New	DISCOVER FINL SVCS	$756,000	–	15,097	–	0.40%	–
IBB	New	ISHARES TRnasdaq biotech	$738,000	–	5,400	–	0.40%	–
HRB	New	BLOCK H & R INCcall	$714,000	–	50,000	–	0.38%	–
FBNC	New	FIRST BANCORP N C	$678,000	–	27,037	–	0.36%	–
BIIB	New	BIOGEN INC	$636,000	–	2,377	–	0.34%	–
BSX	New	BOSTON SCIENTIFIC CORP	$595,000	–	16,952	–	0.32%	–
RVSB	New	RIVERVIEW BANCORP INC	$566,000	–	100,209	–	0.30%	–
GOLD	New	BARRICK GOLD CORPORATIONcall	$539,000	–	20,000	–	0.29%	–
C	New	CITIGROUP INCcall	$511,000	–	10,000	–	0.27%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$461,000	–	12,573	–	0.25%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$426,000	–	141,539	–	0.23%	–
SNV	New	SYNOVUS FINL CORPcall	$411,000	–	20,000	–	0.22%	–
TFC	New	TRUIST FINL CORPcall	$376,000	–	10,000	–	0.20%	–
AMLP	New	ALPS ETF TRalerian mlp	$370,000	–	15,000	–	0.20%	–
NMIH	New	NMI HLDGS INCcl a	$352,000	–	21,901	–	0.19%	–
GDOT	New	GREEN DOT CORPcl a	$304,000	–	6,200	–	0.16%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$229,000	–	4,330	–	0.12%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$226,000	–	5,343	–	0.12%	–
MYGN	New	MYRIAD GENETICS INC	$158,000	–	13,892	–	0.08%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$107,000	–	40,085	–	0.06%	–

Q4 2019

			Value		Shares		↓ Weighting
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-40,085	–	-0.06%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTDclass a	$0	–	-12,686	–	-0.08%	–
AGN	Exit	ALLERGAN PLCcall	$0	–	-1,000	–	-0.10%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-51,208	–	-0.16%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-40,000	–	-0.16%	–
HNGR	Exit	HANGER INC	$0	–	-13,678	–	-0.16%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-5,343	–	-0.18%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-13,892	–	-0.24%	–
CRM	Exit	SALESFORCE COM INCput	$0	–	-3,000	–	-0.26%	–
TSLA	Exit	TESLA INCput	$0	–	-2,000	–	-0.28%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-5,400	–	-0.32%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-11,353	–	-0.37%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-25,401	–	-0.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,503	–	-0.42%	–
BIIB	Exit	BIOGEN INC	$0	–	-3,177	–	-0.44%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-100,209	–	-0.44%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-211,839	–	-0.45%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-30,000	–	-0.50%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-22,603	–	-0.54%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-27,037	–	-0.57%	–
TD	Exit	TORONTO DOMINION BK ONTput	$0	–	-20,000	–	-0.69%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-171,243	–	-0.70%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-10,610	–	-0.72%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-15,097	–	-0.72%	–
WDR	Exit	WADDELL & REED FINL INCcall	$0	–	-76,500	–	-0.78%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-88,529	–	-0.85%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-66,509	–	-0.87%	–
OPB	Exit	OPUS BK IRVINE CALIF	$0	–	-68,215	–	-0.88%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-30,000	–	-0.89%	–
CSFL	Exit	CENTERSTATE BK CORP	$0	–	-63,302	–	-0.90%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-61,073	–	-0.96%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-78,676	–	-0.96%	–
MCK	Exit	MCKESSON CORP	$0	–	-12,556	–	-1.01%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-79,299	–	-1.02%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-1,000	–	-1.03%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-32,887	–	-1.04%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-100,655	–	-1.06%	–
COF	Exit	CAPITAL ONE FINL CORPcall	$0	–	-20,000	–	-1.08%	–
GOLD	Exit	BARRICK GOLD CORPORATION	$0	–	-106,251	–	-1.09%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-41,834	–	-1.10%	–
GDX	Exit	VANECK VECTORS ETF TRcall	$0	–	-70,000	–	-1.10%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-30,828	–	-1.16%	–
MRK	Exit	MERCK & CO INC	$0	–	-24,866	–	-1.24%	–
MYL	Exit	MYLAN N V	$0	–	-109,679	–	-1.28%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-41,273	–	-1.36%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-320,366	–	-1.44%	–
HRB	Exit	BLOCK H & R INC	$0	–	-104,715	–	-1.46%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-12,000	–	-1.47%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-36,510	–	-1.48%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-78,963	–	-1.51%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-102,807	–	-1.55%	–
EVTC	Exit	EVERTEC INC	$0	–	-86,507	–	-1.60%	–
AGN	Exit	ALLERGAN PLC	$0	–	-16,263	–	-1.62%	–
KR	Exit	KROGER CO	$0	–	-108,102	–	-1.65%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-778,505	–	-1.65%	–
FDN	Exit	FIRST TR EXCHANGE TRADED FDdj internt idx	$0	–	-21,300	–	-1.70%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-81,977	–	-1.73%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-243,600	–	-1.76%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-251,372	–	-1.81%	–
SCU	Exit	SCULPTOR CAP MGMT	$0	–	-159,957	–	-1.84%	–
C	Exit	CITIGROUP INC	$0	–	-45,747	–	-1.87%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-68,438	–	-1.91%	–
DVA	Exit	DAVITA INC	$0	–	-57,796	–	-1.95%	–
PFE	Exit	PFIZER INC	$0	–	-101,800	–	-2.16%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-78,818	–	-2.35%	–
BAC	Exit	BANK AMER CORP	$0	–	-139,938	–	-2.41%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-461,468	–	-2.44%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-240,410	–	-2.44%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,390	–	-2.74%	–
IVZ	Exit	INVESCO LTDcall	$0	–	-306,300	–	-3.07%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-60,410	–	-3.25%	–
IVZ	Exit	INVESCO LTD	$0	–	-330,964	–	-3.31%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-30,003	–	-3.68%	–
FDN	Exit	FIRST TR EXCHANGE TRADED FDput	$0	–	-57,100	–	-4.54%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-40,000	–	-7.02%	–

Q3 2019

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$11,871,000	+3.9%	40,000	+2.6%	7.02%	+8.8%
GS	Sell	GOLDMAN SACHS GROUP INC	$6,218,000	-2.4%	30,003	-3.7%	3.68%	+2.2%
IVZ	Buy	INVESCO LTD	$5,607,000	+42.6%	330,964	+72.2%	3.31%	+49.3%
IVZ	Buy	INVESCO LTDcall	$5,189,000	+127.9%	306,300	+175.2%	3.07%	+138.7%
WDR	Buy	WADDELL & REED FINL INCcl a	$4,130,000	+6.4%	240,410	+3.2%	2.44%	+11.4%
WFC	Buy	WELLS FARGO CO NEW	$3,976,000	+19.4%	78,818	+12.0%	2.35%	+25.1%
PFE	Buy	PFIZER INC	$3,658,000	-10.5%	101,800	+8.0%	2.16%	-6.2%
DVA	Sell	DAVITA INC	$3,298,000	-2.0%	57,796	-3.3%	1.95%	+2.6%
CAH	Buy	CARDINAL HEALTH INC	$3,230,000	+15.4%	68,438	+15.1%	1.91%	+20.7%
C	Buy	CITIGROUP INC	$3,160,000	+8.1%	45,747	+9.6%	1.87%	+13.1%
SCU	New	SCULPTOR CAP MGMT	$3,116,000	–	159,957	–	1.84%	–
CS	Sell	CREDIT SUISSE GROUPsponsored adr	$3,069,000	-8.9%	251,372	-10.7%	1.81%	-4.6%
CS	Buy	CREDIT SUISSE GROUPcall	$2,974,000	+492.4%	243,600	+481.4%	1.76%	+521.2%
FDN	New	FIRST TR EXCHANGE TRADED FDdj internt idx	$2,868,000	–	21,300	–	1.70%	–
AGN	Sell	ALLERGAN PLC	$2,737,000	-19.3%	16,263	-19.7%	1.62%	-15.6%
EVTC	Sell	EVERTEC INC	$2,701,000	-13.5%	86,507	-9.4%	1.60%	-9.5%
SC	Sell	SANTANDER CONSUMER USA HDG I	$2,623,000	-16.9%	102,807	-22.0%	1.55%	-13.1%
FHI	Sell	FEDERATED INVS INC PAcl b	$2,559,000	-23.5%	78,963	-23.3%	1.51%	-19.9%
GS	Buy	GOLDMAN SACHS GROUP INCcall	$2,487,000	+21.6%	12,000	+20.0%	1.47%	+27.3%
HRB	Sell	BLOCK H & R INC	$2,473,000	-27.1%	104,715	-9.5%	1.46%	-23.7%
MYL	Buy	MYLAN N V	$2,169,000	+67.1%	109,679	+60.9%	1.28%	+74.9%
GDX	New	VANECK VECTORS ETF TRcall	$1,870,000	–	70,000	–	1.10%	–
GOLD	Sell	BARRICK GOLD CORPORATION	$1,841,000	-20.7%	106,251	-27.8%	1.09%	-17.0%
COF	New	CAPITAL ONE FINL CORPcall	$1,820,000	–	20,000	–	1.08%	–
XRAY	Sell	DENTSPLY SIRONA INC	$1,753,000	-34.7%	32,887	-28.5%	1.04%	-31.6%
AMZN	Sell	AMAZON COM INCput	$1,736,000	-23.6%	1,000	-16.7%	1.03%	-20.0%
GDX	Sell	VANECK VECTORS ETF TRgold miners etf	$1,631,000	-29.1%	61,073	-32.2%	0.96%	-25.8%
CSFL	Buy	CENTERSTATE BK CORP	$1,518,000	+10.2%	63,302	+5.9%	0.90%	+15.4%
WFC	Sell	WELLS FARGO CO NEWcall	$1,513,000	-64.5%	30,000	-66.7%	0.89%	-62.8%
WDR	New	WADDELL & REED FINL INCcall	$1,314,000	–	76,500	–	0.78%	–
DFS	Sell	DISCOVER FINL SVCS	$1,224,000	-65.6%	15,097	-67.1%	0.72%	-64.0%
TROW	Sell	PRICE T ROWE GROUP INC	$1,212,000	-45.1%	10,610	-47.2%	0.72%	-42.5%
BSX	Sell	BOSTON SCIENTIFIC CORP	$920,000	-10.9%	22,603	-5.8%	0.54%	-6.7%
KHC	New	KRAFT HEINZ CO	$838,000	–	30,000	–	0.50%	–
NMIH	Sell	NMI HLDGS INCcl a	$667,000	-19.0%	25,401	-12.4%	0.39%	-15.3%
TCBI	New	TEXAS CAPITAL BANCSHARES INC	$620,000	–	11,353	–	0.37%	–
TSLA	New	TESLA INCput	$482,000	–	2,000	–	0.28%	–
CRM	New	SALESFORCE COM INCput	$445,000	–	3,000	–	0.26%	–
WETF	Sell	WISDOMTREE INVTS INC	$268,000	-68.1%	51,208	-62.3%	0.16%	-66.7%
GLRE	Sell	GREENLIGHT CAPITAL RE LTDclass a	$133,000	-89.1%	12,686	-91.2%	0.08%	-88.6%
	Exit	VITAMIN SHOPPE INCnote 2.250%12/0	$0	–	-540,000	–	-0.27%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-25,000	–	-0.66%	–
IBB	Exit	ISHARES TRcall	$0	–	-12,200	–	-0.75%	–
BMO	Exit	BANK MONTREAL QUEput	$0	–	-20,000	–	-0.85%	–
C	Exit	CITIGROUP INCcall	$0	–	-40,000	–	-1.58%	–
OZM	Exit	OCH ZIFF CPTL MANGEMNT GRP Icl a new	$0	–	-159,957	–	-2.07%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-25,000	–	-2.64%	–

Q2 2019

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$11,427,000	–	39,000	–	6.45%	–
FDN	New	FIRST TR EXCHANGE TRADED FDput	$8,212,000	–	57,100	–	4.64%	–
GS	New	GOLDMAN SACHS GROUP INC	$6,373,000	–	31,149	–	3.60%	–
COF	New	CAPITAL ONE FINL CORP	$5,482,000	–	60,410	–	3.09%	–
GE	New	GENERAL ELECTRIC CO	$4,845,000	–	461,468	–	2.74%	–
QQQ	New	INVESCO QQQ TRput	$4,669,000	–	25,000	–	2.64%	–
JPM	New	JPMORGAN CHASE & CO	$4,404,000	–	39,390	–	2.49%	–
WFC	New	WELLS FARGO CO NEWcall	$4,259,000	–	90,000	–	2.40%	–
PFE	New	PFIZER INC	$4,085,000	–	94,300	–	2.31%	–
BAC	New	BANK AMER CORP	$4,058,000	–	139,938	–	2.29%	–
IVZ	New	INVESCO LTD	$3,932,000	–	192,164	–	2.22%	–
WDR	New	WADDELL & REED FINL INCcl a	$3,883,000	–	232,910	–	2.19%	–
OZM	New	OCH ZIFF CPTL MANGEMNT GRP Icl a new	$3,673,000	–	159,957	–	2.07%	–
DFS	New	DISCOVER FINL SVCS	$3,556,000	–	45,829	–	2.01%	–
AGN	New	ALLERGAN PLC	$3,393,000	–	20,263	–	1.92%	–
HRB	New	BLOCK H & R INC	$3,390,000	–	115,715	–	1.91%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$3,368,000	–	281,372	–	1.90%	–
DVA	New	DAVITA INC	$3,364,000	–	59,796	–	1.90%	–
FHI	New	FEDERATED INVS INC PAcl b	$3,344,000	–	102,896	–	1.89%	–
WFC	New	WELLS FARGO CO NEW	$3,329,000	–	70,357	–	1.88%	–
SC	New	SANTANDER CONSUMER USA HDG I	$3,158,000	–	131,807	–	1.78%	–
EVTC	New	EVERTEC INC	$3,123,000	–	95,507	–	1.76%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$2,958,000	–	778,505	–	1.67%	–
C	New	CITIGROUP INC	$2,924,000	–	41,747	–	1.65%	–
SNV	New	SYNOVUS FINL CORP	$2,869,000	–	81,977	–	1.62%	–
CAH	New	CARDINAL HEALTH INC	$2,800,000	–	59,438	–	1.58%	–
C	New	CITIGROUP INCcall	$2,801,000	–	40,000	–	1.58%	–
XRAY	New	DENTSPLY SIRONA INC	$2,684,000	–	45,987	–	1.52%	–
KR	New	KROGER CO	$2,347,000	–	108,102	–	1.32%	–
GOLD	New	BARRICK GOLD CORPORATION	$2,322,000	–	147,251	–	1.31%	–
BKD	New	BROOKDALE SR LIVING INC	$2,310,000	–	320,366	–	1.30%	–
PDCO	New	PATTERSON COMPANIES INC	$2,305,000	–	100,655	–	1.30%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$2,302,000	–	90,073	–	1.30%	–
STI	New	SUNTRUST BKS INC	$2,295,000	–	36,510	–	1.30%	–
IVZ	New	INVESCO LTDcall	$2,277,000	–	111,300	–	1.28%	–
AMZN	New	AMAZON COM INCput	$2,272,000	–	1,200	–	1.28%	–
TROW	New	PRICE T ROWE GROUP INC	$2,206,000	–	20,110	–	1.24%	–
MRK	New	MERCK & CO INC	$2,085,000	–	24,866	–	1.18%	–
GILD	New	GILEAD SCIENCES INC	$2,083,000	–	30,828	–	1.18%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$2,046,000	–	10,000	–	1.16%	–
BHC	New	BAUSCH HEALTH COS INC	$2,000,000	–	79,299	–	1.13%	–
PRGO	New	PERRIGO CO PLC	$1,965,000	–	41,273	–	1.11%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,727,000	–	41,834	–	0.98%	–
MCK	New	MCKESSON CORP	$1,687,000	–	12,556	–	0.95%	–
PROV	New	PROVIDENT FINL HLDGS INC	$1,651,000	–	78,676	–	0.93%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$1,581,000	–	171,243	–	0.89%	–
BMO	New	BANK MONTREAL QUEput	$1,509,000	–	20,000	–	0.85%	–
OPB	New	OPUS BK IRVINE CALIF	$1,440,000	–	68,215	–	0.81%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$1,414,000	–	88,529	–	0.80%	–
CSFL	New	CENTERSTATE BK CORP	$1,377,000	–	59,802	–	0.78%	–
THC	New	TENET HEALTHCARE CORP	$1,374,000	–	66,509	–	0.78%	–
IBB	New	ISHARES TRcall	$1,331,000	–	12,200	–	0.75%	–
MYL	New	MYLAN N V	$1,298,000	–	68,179	–	0.73%	–
GLRE	New	GREENLIGHT CAPITAL RE LTDclass a	$1,225,000	–	144,294	–	0.69%	–
CAH	New	CARDINAL HEALTH INCcall	$1,178,000	–	25,000	–	0.66%	–
TD	New	TORONTO DOMINION BK ONTput	$1,167,000	–	20,000	–	0.66%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,032,000	–	24,007	–	0.58%	–
FBNC	New	FIRST BANCORP N C	$985,000	–	27,037	–	0.56%	–
RVSB	New	RIVERVIEW BANCORP INC	$856,000	–	100,209	–	0.48%	–
WETF	New	WISDOMTREE INVTS INC	$839,000	–	135,908	–	0.47%	–
NMIH	New	NMI HLDGS INCcl a	$823,000	–	29,001	–	0.46%	–
JNJ	New	JOHNSON & JOHNSON	$766,000	–	5,503	–	0.43%	–
BIIB	New	BIOGEN INC	$743,000	–	3,177	–	0.42%	–
IBB	New	ISHARES TRnasdaq biotech	$589,000	–	5,400	–	0.33%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$566,000	–	211,839	–	0.32%	–
CS	New	CREDIT SUISSE GROUPcall	$502,000	–	41,900	–	0.28%	–
	New	VITAMIN SHOPPE INCnote 2.250%12/0	$476,000	–	540,000	–	0.27%	–
MYGN	New	MYRIAD GENETICS INC	$386,000	–	13,892	–	0.22%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$369,000	–	40,000	–	0.21%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$368,000	–	40,085	–	0.21%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$292,000	–	5,343	–	0.16%	–
HNGR	New	HANGER INC	$262,000	–	13,678	–	0.15%	–
AGN	New	ALLERGAN PLCcall	$167,000	–	1,000	–	0.09%	–

Q4 2018

			Value		Shares		↓ Weighting
OZM	Exit	OCH ZIFF CAP MGMT GROUPcall	$0	–	-50,000	–	-0.02%	–
TSLA	Exit	TESLA INC	$0	–	-1,600	–	-0.09%	–
HNGR	Exit	HANGER INC	$0	–	-25,600	–	-0.12%	–
BIOS	Exit	BIOSCRIP INC	$0	–	-172,800	–	-0.12%	–
ENVA	Exit	ENOVA INTL INCput	$0	–	-20,000	–	-0.13%	–
BKD	Exit	BROOKDALE SR LIVING INCcall	$0	–	-62,600	–	-0.13%	–
MCK	Exit	MCKESSON CORPcall	$0	–	-5,000	–	-0.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-4,900	–	-0.15%	–
DVA	Exit	DAVITA INCcall	$0	–	-10,000	–	-0.16%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-10,000	–	-0.16%	–
MYL	Exit	MYLAN N Vcall	$0	–	-20,000	–	-0.16%	–
	Exit	VITAMIN SHOPPE INCnote 2.250%12/0	$0	–	-1,000,000	–	-0.19%	–
CNC	Exit	CENTENE CORP DELput	$0	–	-6,000	–	-0.19%	–
LM	Exit	LEGG MASON INC	$0	–	-29,310	–	-0.20%	–
JMP	Exit	JMP GROUP LLC	$0	–	-176,179	–	-0.20%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD COcall	$0	–	-35,000	–	-0.22%	–
MCK	Exit	MCKESSON CORP	$0	–	-8,500	–	-0.25%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-40,000	–	-0.26%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-26,000	–	-0.26%	–
WDR	Exit	WADDELL & REED FINL INCcall	$0	–	-60,000	–	-0.28%	–
HRB	Exit	BLOCK H & R INCcall	$0	–	-50,000	–	-0.28%	–
BHF	Exit	BRIGHTHOUSE FINL INCcall	$0	–	-30,000	–	-0.29%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-396,500	–	-0.30%	–
NFLX	Exit	NETFLIX INCput	$0	–	-4,000	–	-0.33%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-20,000	–	-0.34%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-180,883	–	-0.35%	–
XRAY	Exit	DENTSPLY SIRONA INCcall	$0	–	-45,000	–	-0.37%	–
ZTS	Exit	ZOETIS INCput	$0	–	-20,000	–	-0.40%	–
UNH	Exit	UNITEDHEALTH GROUP INCput	$0	–	-7,000	–	-0.41%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-48,800	–	-0.43%	–
CRM	Exit	SALESFORCE COM INCput	$0	–	-12,500	–	-0.43%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-87,872	–	-0.44%	–
FHI	Exit	FEDERATED INVS INC PAcall	$0	–	-89,500	–	-0.47%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-57,100	–	-0.48%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-10,000	–	-0.49%	–
IBB	Exit	ISHARES TRcall	$0	–	-20,000	–	-0.53%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-226,000	–	-0.55%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-145,800	–	-0.59%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-148,333	–	-0.59%	–
ARKK	Exit	ARK ETF TRput	$0	–	-60,400	–	-0.62%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-165,700	–	-0.63%	–
ELLI	Exit	ELLIE MAE INCput	$0	–	-31,000	–	-0.64%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-55,000	–	-0.65%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-140,000	–	-0.66%	–
DB	Exit	DEUTSCHE BANK AGnamen akt	$0	–	-266,300	–	-0.66%	–
CSFL	Exit	CENTERSTATE BK CORP	$0	–	-107,947	–	-0.66%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-78,300	–	-0.68%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-109,510	–	-0.68%	–
WU	Exit	WESTERN UN CO	$0	–	-176,338	–	-0.73%	–
AVP	Exit	AVON PRODS INC	$0	–	-1,531,445	–	-0.74%	–
BANC	Exit	BANC OF CALIFORNIA INC	$0	–	-184,500	–	-0.76%	–
C	Exit	CITIGROUP INCcall	$0	–	-50,000	–	-0.78%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-36,300	–	-0.87%	–
TSLA	Exit	TESLA INCput	$0	–	-15,000	–	-0.87%	–
OPB	Exit	OPUS BK IRVINE CALIF	$0	–	-146,657	–	-0.88%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-158,424	–	-0.89%	–
BHF	Exit	BRIGHTHOUSE FINL INC	$0	–	-94,359	–	-0.91%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-60,100	–	-0.93%	–
OZM	Exit	OCH ZIFF CAP MGMT GROUPcl a	$0	–	-2,894,124	–	-0.94%	–
MRK	Exit	MERCK & CO INC	$0	–	-60,900	–	-0.94%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-65,900	–	-0.96%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-524,899	–	-0.97%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-57,700	–	-0.97%	–
AGN	Exit	ALLERGAN PLC	$0	–	-23,700	–	-0.99%	–
EVTC	Exit	EVERTEC INC	$0	–	-194,963	–	-1.03%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-429,900	–	-1.04%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-196,764	–	-1.05%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$0	–	-230,300	–	-1.08%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-135,400	–	-1.12%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTDclass a	$0	–	-416,436	–	-1.13%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-100,000	–	-1.15%	–
MTN	Exit	VAIL RESORTS INCput	$0	–	-20,000	–	-1.20%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-1,485,376	–	-1.20%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-107,116	–	-1.23%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-592,696	–	-1.27%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-390,000	–	-1.27%	–
KR	Exit	KROGER CO	$0	–	-202,334	–	-1.29%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-265,385	–	-1.40%	–
HRB	Exit	BLOCK H & R INC	$0	–	-251,657	–	-1.42%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-3,500	–	-1.53%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-350,381	–	-1.53%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-634,500	–	-1.56%	–
BAC	Exit	BANK AMER CORP	$0	–	-252,600	–	-1.63%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-138,800	–	-1.64%	–
IVZ	Exit	INVESCO LTD	$0	–	-344,102	–	-1.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-71,100	–	-1.75%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-36,050	–	-1.77%	–
DVA	Exit	DAVITA INC	$0	–	-114,700	–	-1.80%	–
PFE	Exit	PFIZER INC	$0	–	-186,501	–	-1.80%	–
GDX	Exit	VANECK VECTORS ETF TRcall	$0	–	-450,000	–	-1.82%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-109,800	–	-1.83%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-436,583	–	-2.02%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-98,400	–	-2.04%	–
FDN	Exit	FIRST TR EXCHANGE TRADED FDput	$0	–	-70,000	–	-2.16%	–
GE	Exit	GENERAL ELECTRIC COcall	$0	–	-910,000	–	-2.24%	–
IVZ	Exit	INVESCO LTDcall	$0	–	-488,500	–	-2.44%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-210,000	–	-4.36%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-150,000	–	-6.09%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-140,000	–	-8.89%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$40,701,000	+80.8%	140,000	+68.7%	8.89%	+58.5%
XLV	Buy	SELECT SECTOR SPDR TRput	$19,982,000	+299.0%	210,000	+250.0%	4.36%	+249.8%
IVZ	Buy	INVESCO LTDcall	$11,177,000	+55.9%	488,500	+80.9%	2.44%	+36.7%
FDN	New	FIRST TR EXCHANGE TRADED FDput	$9,908,000	–	70,000	–	2.16%	–
WDR	Sell	WADDELL & REED FINL INCcl a	$9,247,000	+6.0%	436,583	-10.0%	2.02%	-7.1%
DFS	Sell	DISCOVER FINL SVCS	$8,394,000	-12.9%	109,800	-19.7%	1.83%	-23.6%
GDX	Buy	VANECK VECTORS ETF TRcall	$8,334,000	+49.4%	450,000	+80.0%	1.82%	+31.0%
PFE	Sell	PFIZER INC	$8,219,000	+9.7%	186,501	-9.7%	1.80%	-3.9%
DVA	Sell	DAVITA INC	$8,216,000	-2.9%	114,700	-5.9%	1.80%	-14.9%
IVZ	Buy	INVESCO LTD	$7,873,000	+215.0%	344,102	+265.7%	1.72%	+176.1%
CAH	Sell	CARDINAL HEALTH INC	$7,495,000	+4.6%	138,800	-5.4%	1.64%	-8.3%
GE	Buy	GENERAL ELECTRIC CO	$7,164,000	-8.0%	634,500	+10.9%	1.56%	-19.3%
SC	Sell	SANTANDER CONSUMER USA HDG I	$7,022,000	-8.7%	350,381	-13.0%	1.53%	-20.0%
HRB	Sell	BLOCK H & R INC	$6,480,000	-2.8%	251,657	-14.0%	1.42%	-14.8%
FHI	Sell	FEDERATED INVS INC PAcl b	$6,401,000	-0.3%	265,385	-3.6%	1.40%	-12.6%
KR	Sell	KROGER CO	$5,890,000	-33.5%	202,334	-35.0%	1.29%	-41.7%
BKD	Buy	BROOKDALE SR LIVING INC	$5,826,000	+11.9%	592,696	+3.5%	1.27%	-1.9%
WFC	Sell	WELLS FARGO CO NEW	$5,630,000	-24.3%	107,116	-20.1%	1.23%	-33.6%
CPSS	Sell	CONSUMER PORTFOLIO SVCS INC	$5,496,000	-9.5%	1,485,376	-0.5%	1.20%	-20.6%
MTN	Buy	VAIL RESORTS INCput	$5,488,000	+33.4%	20,000	+33.3%	1.20%	+17.0%
WFC	Sell	WELLS FARGO CO NEWcall	$5,256,000	-44.2%	100,000	-41.2%	1.15%	-51.1%
GLRE	Buy	GREENLIGHT CAPITAL RE LTDclass a	$5,164,000	+3.2%	416,436	+18.1%	1.13%	-9.5%
XRAY	Buy	DENTSPLY SIRONA INC	$5,110,000	+25.8%	135,400	+45.9%	1.12%	+10.3%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$4,961,000	-23.6%	230,300	-13.8%	1.08%	-33.0%
PDCO	Buy	PATTERSON COMPANIES INC	$4,811,000	+10.7%	196,764	+2.6%	1.05%	-3.0%
GOLD	Buy	BARRICK GOLD CORPcall	$4,763,000	+29.6%	429,900	+53.5%	1.04%	+13.6%
EVTC	Sell	EVERTEC INC	$4,699,000	-8.6%	194,963	-17.2%	1.03%	-19.8%
AGN	Sell	ALLERGAN PLC	$4,514,000	+2.6%	23,700	-10.2%	0.99%	-10.1%
GILD	Sell	GILEAD SCIENCES INC	$4,455,000	-6.7%	57,700	-14.4%	0.97%	-18.2%
WETF	Buy	WISDOMTREE INVTS INC	$4,451,000	+4.9%	524,899	+12.3%	0.97%	-8.1%
STI	Sell	SUNTRUST BKS INC	$4,401,000	-24.2%	65,900	-25.0%	0.96%	-33.5%
MRK	Sell	MERCK & CO INC	$4,320,000	-9.8%	60,900	-22.8%	0.94%	-20.9%
OZM	Buy	OCH ZIFF CAP MGMT GROUPcl a	$4,283,000	-14.2%	2,894,124	+12.0%	0.94%	-24.7%
PRGO	Buy	PERRIGO CO PLC	$4,255,000	+4.2%	60,100	+7.3%	0.93%	-8.6%
BHF	Buy	BRIGHTHOUSE FINL INC	$4,174,000	+124.0%	94,359	+102.9%	0.91%	+96.6%
BHC	New	BAUSCH HEALTH COS INC	$4,067,000	–	158,424	–	0.89%	–
OPB	Sell	OPUS BK IRVINE CALIF	$4,018,000	-14.5%	146,657	-10.4%	0.88%	-25.0%
TSLA	Buy	TESLA INCput	$3,972,000	+5.3%	15,000	+36.4%	0.87%	-7.7%
C	New	CITIGROUP INCcall	$3,587,000	–	50,000	–	0.78%	–
AVP	Sell	AVON PRODS INC	$3,369,000	+24.9%	1,531,445	-8.1%	0.74%	+9.5%
THC	Sell	TENET HEALTHCARE CORP	$3,117,000	-24.2%	109,510	-10.6%	0.68%	-33.6%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$3,098,000	-10.2%	78,300	-20.3%	0.68%	-21.3%
DB	Sell	DEUTSCHE BANK AGnamen akt	$3,025,000	-4.7%	266,300	-10.9%	0.66%	-16.4%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDcall	$3,016,000	-34.7%	140,000	-26.3%	0.66%	-42.8%
CAH	Buy	CARDINAL HEALTH INCcall	$2,970,000	+52.1%	55,000	+37.5%	0.65%	+33.3%
ELLI	Buy	ELLIE MAE INCput	$2,938,000	+157.3%	31,000	+181.8%	0.64%	+125.3%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$2,870,000	+17.6%	165,700	-5.7%	0.63%	+3.1%
ARKK	New	ARK ETF TRput	$2,859,000	–	60,400	–	0.62%	–
GDX	Sell	VANECK VECTORS ETF TRgold miners etf	$2,700,000	-19.7%	145,800	-3.3%	0.59%	-29.6%
GOLD	Buy	BARRICK GOLD CORP	$2,504,000	-4.6%	226,000	+13.0%	0.55%	-16.4%
GS	New	GOLDMAN SACHS GROUP INCcall	$2,242,000	–	10,000	–	0.49%	–
FHI	Buy	FEDERATED INVS INC PAcall	$2,159,000	+33.2%	89,500	+28.8%	0.47%	+16.8%
CRM	Buy	SALESFORCE COM INCput	$1,988,000	+191.5%	12,500	+150.0%	0.43%	+155.3%
UNH	New	UNITEDHEALTH GROUP INCput	$1,862,000	–	7,000	–	0.41%	–
ZTS	New	ZOETIS INCput	$1,831,000	–	20,000	–	0.40%	–
XRAY	New	DENTSPLY SIRONA INCcall	$1,698,000	–	45,000	–	0.37%	–
GILD	Sell	GILEAD SCIENCES INCcall	$1,544,000	-34.0%	20,000	-39.4%	0.34%	-42.2%
NFLX	Sell	NETFLIX INCput	$1,497,000	-23.5%	4,000	-20.0%	0.33%	-33.0%
CYH	Sell	COMMUNITY HEALTH SYS INC NEW	$1,372,000	+3.5%	396,500	-0.6%	0.30%	-9.1%
BHF	Sell	BRIGHTHOUSE FINL INCcall	$1,327,000	-26.4%	30,000	-33.3%	0.29%	-35.4%
HRB	Sell	BLOCK H & R INCcall	$1,288,000	-37.2%	50,000	-44.4%	0.28%	-45.0%
WDR	Sell	WADDELL & REED FINL INCcall	$1,271,000	-32.6%	60,000	-42.9%	0.28%	-40.9%
MNKKQ	Sell	MALLINCKRODT PUB LTD CO	$1,172,000	+19.8%	40,000	-23.7%	0.26%	+4.9%
MCK	New	MCKESSON CORP	$1,128,000	–	8,500	–	0.25%	–
MNKKQ	Sell	MALLINCKRODT PUB LTD COcall	$1,026,000	-49.1%	35,000	-67.6%	0.22%	-55.4%
JMP	Sell	JMP GROUP LLC	$936,000	-37.4%	176,179	-36.8%	0.20%	-45.3%
CNC	New	CENTENE CORP DELput	$869,000	–	6,000	–	0.19%	–
MYL	New	MYLAN N Vcall	$732,000	–	20,000	–	0.16%	–
MCK	New	MCKESSON CORPcall	$663,000	–	5,000	–	0.14%	–
BKD	Buy	BROOKDALE SR LIVING INCcall	$615,000	+575.8%	62,600	+526.0%	0.13%	+482.6%
ENVA	Sell	ENOVA INTL INCput	$576,000	-63.4%	20,000	-53.5%	0.13%	-67.9%
HNGR	New	HANGER INC	$533,000	–	25,600	–	0.12%	–
TSLA	New	TESLA INC	$424,000	–	1,600	–	0.09%	–
OZM	Sell	OCH ZIFF CAP MGMT GROUPcall	$74,000	-94.3%	50,000	-92.6%	0.02%	-95.1%
PDCO	Exit	PATTERSON COMPANIES INCcall	$0	–	-10,000	–	-0.06%	–
SC	Exit	SANTANDER CONSUMER USA HDG Icall	$0	–	-30,000	–	-0.14%	–
TD	Exit	TORONTO DOMINION BK ONTput	$0	–	-10,000	–	-0.14%	–
BOFI	Exit	BOFI HLDG INCput	$0	–	-20,000	–	-0.20%	–
RY	Exit	ROYAL BK CDA MONTREAL QUEput	$0	–	-20,000	–	-0.38%	–
EVHC	Exit	ENVISION HEALTHCARE CORP	$0	–	-34,500	–	-0.38%	–
TAXA	Exit	LIBERTY TAX INCcl a	$0	–	-298,608	–	-0.60%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-165,424	–	-0.96%	–

Q2 2018

			Value		Shares		↓ Weighting
QQQ	New	INVESCO QQQ TRput	$25,748,000	–	150,000	–	6.42%	–
SPY	New	SPDR S&P 500 ETF TRput	$22,516,000	–	83,000	–	5.61%	–
GE	New	GENERAL ELECTRIC COcall	$12,385,000	–	910,000	–	3.09%	–
DFS	New	DISCOVER FINL SVCS	$9,632,000	–	136,800	–	2.40%	–
WFC	New	WELLS FARGO CO NEWcall	$9,425,000	–	170,000	–	2.35%	–
COF	New	CAPITAL ONE FINL CORP	$9,043,000	–	98,400	–	2.25%	–
KR	New	KROGER CO	$8,857,000	–	311,334	–	2.21%	–
WDR	New	WADDELL & REED FINL INCcl a	$8,722,000	–	485,342	–	2.17%	–
DVA	New	DAVITA INC	$8,465,000	–	121,900	–	2.11%	–
GS	New	GOLDMAN SACHS GROUP INC	$7,952,000	–	36,050	–	1.98%	–
GE	New	GENERAL ELECTRIC CO	$7,785,000	–	572,000	–	1.94%	–
SC	New	SANTANDER CONSUMER USA HDG I	$7,692,000	–	402,945	–	1.92%	–
PFE	New	PFIZER INC	$7,495,000	–	206,601	–	1.87%	–
WFC	New	WELLS FARGO CO NEW	$7,435,000	–	134,116	–	1.85%	–
JPM	New	JPMORGAN CHASE & CO	$7,409,000	–	71,100	–	1.85%	–
IVZ	New	INVESCO LTDcall	$7,171,000	–	270,000	–	1.79%	–
CAH	New	CARDINAL HEALTH INC	$7,168,000	–	146,800	–	1.79%	–
BAC	New	BANK AMER CORP	$7,121,000	–	252,600	–	1.78%	–
HRB	New	BLOCK H & R INC	$6,667,000	–	292,657	–	1.66%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$6,496,000	–	267,100	–	1.62%	–
FHI	New	FEDERATED INVS INC PAcl b	$6,422,000	–	275,385	–	1.60%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$6,073,000	–	1,492,251	–	1.51%	–
AMZN	New	AMAZON COM INCput	$5,949,000	–	3,500	–	1.48%	–
STI	New	SUNTRUST BKS INC	$5,803,000	–	87,900	–	1.45%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$5,803,000	–	390,000	–	1.45%	–
GDX	New	VANECK VECTORS ETF TRcall	$5,578,000	–	250,000	–	1.39%	–
BKD	New	BROOKDALE SR LIVING INC	$5,206,000	–	572,696	–	1.30%	–
EVTC	New	EVERTEC INC	$5,142,000	–	235,325	–	1.28%	–
XLV	New	SELECT SECTOR SPDR TRput	$5,008,000	–	60,000	–	1.25%	–
GLRE	New	GREENLIGHT CAPITAL RE LTDclass a	$5,005,000	–	352,466	–	1.25%	–
OZM	New	OCH ZIFF CAP MGMT GROUPcl a	$4,989,000	–	2,584,993	–	1.24%	–
MRK	New	MERCK & CO INC	$4,789,000	–	78,900	–	1.19%	–
GILD	New	GILEAD SCIENCES INC	$4,775,000	–	67,400	–	1.19%	–
OPB	New	OPUS BK IRVINE CALIF	$4,699,000	–	163,741	–	1.17%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$4,621,000	–	190,000	–	1.15%	–
AGN	New	ALLERGAN PLC	$4,401,000	–	26,400	–	1.10%	–
PDCO	New	PATTERSON COMPANIES INC	$4,347,000	–	191,764	–	1.08%	–
WETF	New	WISDOMTREE INVTS INC	$4,244,000	–	467,399	–	1.06%	–
TROW	New	PRICE T ROWE GROUP INC	$4,214,000	–	36,300	–	1.05%	–
THC	New	TENET HEALTHCARE CORP	$4,113,000	–	122,510	–	1.02%	–
MTN	New	VAIL RESORTS INCput	$4,113,000	–	15,000	–	1.02%	–
PRGO	New	PERRIGO CO PLC	$4,083,000	–	56,000	–	1.02%	–
XRAY	New	DENTSPLY SIRONA INC	$4,062,000	–	92,800	–	1.01%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$3,844,000	–	165,424	–	0.96%	–
TSLA	New	TESLA INCput	$3,772,000	–	11,000	–	0.94%	–
GOLD	New	BARRICK GOLD CORPcall	$3,676,000	–	280,000	–	0.92%	–
BANC	New	BANC OF CALIFORNIA INC	$3,607,000	–	184,500	–	0.90%	–
WU	New	WESTERN UN CO	$3,585,000	–	176,338	–	0.89%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$3,451,000	–	98,300	–	0.86%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$3,364,000	–	150,800	–	0.84%	–
CSFL	New	CENTERSTATE BK CORP	$3,219,000	–	107,947	–	0.80%	–
DB	New	DEUTSCHE BANK AGnamen akt	$3,173,000	–	298,800	–	0.79%	–
PROV	New	PROVIDENT FINL HLDGS INC	$2,830,000	–	148,333	–	0.70%	–
AVP	New	AVON PRODS INC	$2,698,000	–	1,665,545	–	0.67%	–
GOLD	New	BARRICK GOLD CORP	$2,626,000	–	200,000	–	0.65%	–
IVZ	New	INVESCO LTD	$2,499,000	–	94,102	–	0.62%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,441,000	–	175,800	–	0.61%	–
TAXA	New	LIBERTY TAX INCcl a	$2,411,000	–	298,608	–	0.60%	–
GILD	New	GILEAD SCIENCES INCcall	$2,338,000	–	33,000	–	0.58%	–
IBB	New	ISHARES TRcall	$2,196,000	–	20,000	–	0.55%	–
HRB	New	BLOCK H & R INCcall	$2,050,000	–	90,000	–	0.51%	–
MNKKQ	New	MALLINCKRODT PUB LTD COcall	$2,015,000	–	108,000	–	0.50%	–
FBNC	New	FIRST BANCORP N C	$1,996,000	–	48,800	–	0.50%	–
NFLX	New	NETFLIX INCput	$1,957,000	–	5,000	–	0.49%	–
CAH	New	CARDINAL HEALTH INCcall	$1,953,000	–	40,000	–	0.49%	–
WDR	New	WADDELL & REED FINL INCcall	$1,887,000	–	105,000	–	0.47%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,867,000	–	57,100	–	0.46%	–
BHF	New	BRIGHTHOUSE FINL INC	$1,863,000	–	46,504	–	0.46%	–
BHF	New	BRIGHTHOUSE FINL INCcall	$1,803,000	–	45,000	–	0.45%	–
FHI	New	FEDERATED INVS INC PAcall	$1,621,000	–	69,500	–	0.40%	–
ENVA	New	ENOVA INTL INCput	$1,572,000	–	43,000	–	0.39%	–
RVSB	New	RIVERVIEW BANCORP INC	$1,527,000	–	180,883	–	0.38%	–
EVHC	New	ENVISION HEALTHCARE CORP	$1,518,000	–	34,500	–	0.38%	–
RY	New	ROYAL BK CDA MONTREAL QUEput	$1,506,000	–	20,000	–	0.38%	–
JMP	New	JMP GROUP LLC	$1,496,000	–	278,627	–	0.37%	–
NMIH	New	NMI HLDGS INCcl a	$1,432,000	–	87,872	–	0.36%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$1,325,000	–	399,000	–	0.33%	–
OZM	New	OCH ZIFF CAP MGMT GROUPcall	$1,299,000	–	672,800	–	0.32%	–
ELLI	New	ELLIE MAE INCput	$1,142,000	–	11,000	–	0.28%	–
LM	New	LEGG MASON INC	$1,018,000	–	29,310	–	0.25%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$978,000	–	52,400	–	0.24%	–
MYGN	New	MYRIAD GENETICS INC	$972,000	–	26,000	–	0.24%	–
BOFI	New	BOFI HLDG INCput	$818,000	–	20,000	–	0.20%	–
	New	VITAMIN SHOPPE INCnote 2.250%12/0	$760,000	–	1,000,000	–	0.19%	–
DVA	New	DAVITA INCcall	$694,000	–	10,000	–	0.17%	–
CRM	New	SALESFORCE COM INCput	$682,000	–	5,000	–	0.17%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$600,000	–	10,000	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON	$595,000	–	4,900	–	0.15%	–
TD	New	TORONTO DOMINION BK ONTput	$579,000	–	10,000	–	0.14%	–
SC	New	SANTANDER CONSUMER USA HDG Icall	$573,000	–	30,000	–	0.14%	–
BIOS	New	BIOSCRIP INC	$506,000	–	172,800	–	0.13%	–
PDCO	New	PATTERSON COMPANIES INCcall	$227,000	–	10,000	–	0.06%	–
BKD	New	BROOKDALE SR LIVING INCcall	$91,000	–	10,000	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
CXRXF	Exit	CONCORDIA INTERNATIONAL CORP	$0	–	-145,000	–	-0.04%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLcall	$0	–	-20,000	–	-0.07%	–
KND	Exit	KINDRED HEALTHCARE INC	$0	–	-45,000	–	-0.07%	–
MON	Exit	MONSANTO CO NEW	$0	–	-2,700	–	-0.07%	–
EBIX	Exit	EBIX INCput	$0	–	-5,000	–	-0.08%	–
NFLX	Exit	NETFLIX INCput	$0	–	-2,000	–	-0.08%	–
MTD	Exit	METTLER TOLEDO INTERNATIONALput	$0	–	-600	–	-0.09%	–
ABT	Exit	ABBOTT LABSput	$0	–	-7,000	–	-0.09%	–
AU	Exit	ANGLOGOLD ASHANTI LTDsponsored adr	$0	–	-46,000	–	-0.10%	–
RATE	Exit	BANKRATE INC DEL	$0	–	-32,000	–	-0.10%	–
CSU	Exit	CAPITAL SR LIVING CORP	$0	–	-37,000	–	-0.11%	–
TSLA	Exit	TESLA INCput	$0	–	-1,500	–	-0.12%	–
CSLT	Exit	CASTLIGHT HEALTH INCcl b	$0	–	-123,100	–	-0.12%	–
ARAY	Exit	ACCURAY INC	$0	–	-134,500	–	-0.12%	–
BIOS	Exit	BIOSCRIP INC	$0	–	-211,300	–	-0.13%	–
QHCCQ	Exit	QUORUM HEALTH CORP	$0	–	-121,100	–	-0.14%	–
BAX	Exit	BAXTER INTL INCput	$0	–	-10,000	–	-0.14%	–
ELLI	Exit	ELLIE MAE INCput	$0	–	-8,500	–	-0.16%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-8,500	–	-0.16%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-44,000	–	-0.16%	–
	Exit	VITAMIN SHOPPE INCnote 2.250%12/0	$0	–	-1,000,000	–	-0.17%	–
BMO	Exit	BANK MONTREAL QUEput	$0	–	-10,000	–	-0.17%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-10,000	–	-0.18%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEWcall	$0	–	-100,500	–	-0.18%	–
MYL	Exit	MYLAN N V	$0	–	-27,100	–	-0.19%	–
DPLO	Exit	DIPLOMAT PHARMACY INC	$0	–	-42,800	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,300	–	-0.22%	–
STT	Exit	STATE STR CORPput	$0	–	-10,000	–	-0.22%	–
AGN	Exit	ALLERGAN PLC	$0	–	-5,200	–	-0.24%	–
SC	Exit	SANTANDER CONSUMER USA HDG Icall	$0	–	-70,000	–	-0.25%	–
TD	Exit	TORONTO DOMINION BK ONTput	$0	–	-20,000	–	-0.26%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-70,000	–	-0.26%	–
LM	Exit	LEGG MASON INC	$0	–	-29,310	–	-0.26%	–
LM	Exit	LEGG MASON INCput	$0	–	-29,300	–	-0.26%	–
AVP	Exit	AVON PRODS INCcall	$0	–	-530,000	–	-0.28%	–
PRGO	Exit	PERRIGO CO PLCcall	$0	–	-15,000	–	-0.29%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-35,200	–	-0.29%	–
MRK	Exit	MERCK & CO INCcall	$0	–	-20,000	–	-0.29%	–
THC	Exit	TENET HEALTHCARE CORPcall	$0	–	-83,000	–	-0.31%	–
GDX	Exit	VANECK VECTORS ETF TRcall	$0	–	-60,000	–	-0.32%	–
RCM	Exit	R1 RCM INC	$0	–	-377,271	–	-0.32%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-38,600	–	-0.33%	–
VSI	Exit	VITAMIN SHOPPE INC	$0	–	-270,840	–	-0.33%	–
BKD	Exit	BROOKDALE SR LIVING INCcall	$0	–	-140,000	–	-0.34%	–
IYR	Exit	ISHARES TRput	$0	–	-20,000	–	-0.37%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-197,183	–	-0.38%	–
JMP	Exit	JMP GROUP LLC	$0	–	-295,326	–	-0.38%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-2,000	–	-0.44%	–
UNH	Exit	UNITEDHEALTH GROUP INCput	$0	–	-10,000	–	-0.45%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-67,100	–	-0.45%	–
BSX	Exit	BOSTON SCIENTIFIC CORPput	$0	–	-67,100	–	-0.45%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-88,400	–	-0.46%	–
CI	Exit	CIGNA CORPORATIONput	$0	–	-11,000	–	-0.47%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTOput	$0	–	-25,000	–	-0.50%	–
UNFI	Exit	UNITED NAT FOODS INC	$0	–	-55,650	–	-0.53%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-67,615	–	-0.53%	–
AVP	Exit	AVON PRODS INC	$0	–	-1,044,155	–	-0.56%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-162,824	–	-0.61%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-175,800	–	-0.63%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-197,300	–	-0.65%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-148,333	–	-0.66%	–
ALGN	Exit	ALIGN TECHNOLOGY INCput	$0	–	-15,600	–	-0.66%	–
KR	Exit	KROGER COcall	$0	–	-147,500	–	-0.68%	–
DB	Exit	DEUTSCHE BANK AGnamen akt	$0	–	-174,000	–	-0.69%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-78,264	–	-0.69%	–
CSFL	Exit	CENTERSTATE BK CORP	$0	–	-115,447	–	-0.71%	–
KR	Exit	KROGER CO	$0	–	-165,500	–	-0.76%	–
WDR	Exit	WADDELL & REED FINL INCcall	$0	–	-167,100	–	-0.77%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-57,800	–	-0.79%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-103,300	–	-0.80%	–
BANC	Exit	BANC OF CALIFORNIA INC	$0	–	-184,500	–	-0.88%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-49,600	–	-0.92%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-526,700	–	-0.92%	–
WFC	Exit	WELLS FARGO CO NEWcall	$0	–	-75,000	–	-0.95%	–
TAXA	Exit	LIBERTY TAX INCcl a	$0	–	-293,769	–	-0.97%	–
COF	Exit	CAPITAL ONE FINL CORPcall	$0	–	-50,000	–	-0.97%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-52,500	–	-0.97%	–
WU	Exit	WESTERN UN CO	$0	–	-221,838	–	-0.97%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-407,295	–	-0.99%	–
AON	Exit	AON PLCput	$0	–	-30,000	–	-1.00%	–
OPB	Exit	OPUS BK IRVINE CALIF	$0	–	-184,641	–	-1.01%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$0	–	-254,900	–	-1.03%	–
MRK	Exit	MERCK & CO INC	$0	–	-70,900	–	-1.04%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-154,885	–	-1.05%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-180,000	–	-1.06%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-56,200	–	-1.09%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-477,399	–	-1.11%	–
MTN	Exit	VAIL RESORTS INCput	$0	–	-21,500	–	-1.12%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-290,000	–	-1.17%	–
ISRG	Exit	INTUITIVE SURGICAL INCput	$0	–	-5,000	–	-1.20%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-91,300	–	-1.25%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-88,900	–	-1.36%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-90,000	–	-1.38%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-1,326,211	–	-1.38%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-390,000	–	-1.41%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-502,075	–	-1.42%	–
DVA	Exit	DAVITA INC	$0	–	-115,400	–	-1.57%	–
DVA	Exit	DAVITA INCcall	$0	–	-116,000	–	-1.58%	–
OZM	Exit	OCH ZIFF CAP MGMT GROUPcl a	$0	–	-2,147,593	–	-1.58%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-474,081	–	-1.67%	–
HRB	Exit	BLOCK H & R INC	$0	–	-282,242	–	-1.71%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-142,716	–	-1.80%	–
PFE	Exit	PFIZER INC	$0	–	-228,601	–	-1.87%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-88,100	–	-1.92%	–
DFS	Exit	DISCOVER FINL SVCScall	$0	–	-131,300	–	-1.94%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-95,000	–	-1.97%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-441,702	–	-2.03%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-43,050	–	-2.34%	–
BAC	Exit	BANK AMER CORP	$0	–	-412,500	–	-2.39%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-124,900	–	-2.42%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-171,800	–	-2.53%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-145,000	–	-2.71%	–
QQQ	Exit	POWERSHARES QQQ TRUSTput	$0	–	-138,000	–	-4.59%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-198,000	–	-11.38%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$49,744,000	+28.6%	198,000	+23.8%	11.38%	+30.3%
QQQ	Buy	POWERSHARES QQQ TRUSTput	$20,072,000	+7.8%	138,000	+2.0%	4.59%	+9.2%
XLV	Sell	SELECT SECTOR SPDR TRput	$11,851,000	-5.3%	145,000	-8.2%	2.71%	-4.1%
DFS	Buy	DISCOVER FINL SVCS	$11,078,000	+48.9%	171,800	+43.6%	2.53%	+50.9%
COF	Buy	CAPITAL ONE FINL CORP	$10,574,000	+8.6%	124,900	+5.9%	2.42%	+10.0%
WDR	Buy	WADDELL & REED FINL INCcl a	$8,865,000	+21.4%	441,702	+14.2%	2.03%	+23.1%
TROW	Sell	PRICE T ROWE GROUP INC	$8,612,000	-13.8%	95,000	-29.4%	1.97%	-12.6%
DFS	Buy	DISCOVER FINL SVCScall	$8,466,000	+17.4%	131,300	+13.2%	1.94%	+18.9%
JPM	Sell	JPMORGAN CHASE & CO	$8,414,000	+2.2%	88,100	-2.2%	1.92%	+3.6%
WFC	Buy	WELLS FARGO CO NEW	$7,871,000	+14.8%	142,716	+15.4%	1.80%	+16.3%
HRB	Sell	BLOCK H & R INC	$7,474,000	-17.4%	282,242	-3.6%	1.71%	-16.3%
SC	Sell	SANTANDER CONSUMER USA HDG I	$7,287,000	+20.0%	474,081	-0.4%	1.67%	+21.6%
OZM	Buy	OCH ZIFF CAP MGMT GROUPcl a	$6,915,000	+28.2%	2,147,593	+1.9%	1.58%	+29.9%
DVA	Buy	DAVITA INCcall	$6,889,000	+66.2%	116,000	+81.2%	1.58%	+68.4%
DVA	Buy	DAVITA INC	$6,854,000	+84.4%	115,400	+101.0%	1.57%	+86.9%
NMIH	Sell	NMI HLDGS INCcl a	$6,226,000	+2.5%	502,075	-5.4%	1.42%	+3.8%
CS	Buy	CREDIT SUISSE GROUPsponsored adr	$6,162,000	+55.2%	390,000	+43.4%	1.41%	+57.4%
CPSS	Buy	CONSUMER PORTFOLIO SVCS INC	$6,048,000	+21.5%	1,326,211	+21.2%	1.38%	+23.1%
CAH	New	CARDINAL HEALTH INCcall	$6,023,000	–	90,000	–	1.38%	–
CAH	Buy	CARDINAL HEALTH INC	$5,949,000	+56.5%	88,900	+82.2%	1.36%	+58.6%
ISRG	Buy	INTUITIVE SURGICAL INCput	$5,229,000	+179.5%	5,000	+150.0%	1.20%	+183.4%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDcall	$5,104,000	+119.5%	290,000	+314.3%	1.17%	+122.5%
MTN	Buy	VAIL RESORTS INCput	$4,905,000	+38.2%	21,500	+22.9%	1.12%	+40.1%
WETF	Sell	WISDOMTREE INVTS INC	$4,860,000	-1.6%	477,399	-1.7%	1.11%	-0.3%
PRGO	Sell	PERRIGO CO PLC	$4,757,000	+7.3%	56,200	-4.3%	1.09%	+8.7%
XLF	Sell	SELECT SECTOR SPDR TRcall	$4,655,000	-37.1%	180,000	-40.0%	1.06%	-36.3%
MRK	Sell	MERCK & CO INC	$4,540,000	-6.7%	70,900	-6.6%	1.04%	-5.4%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$4,486,000	+21.2%	254,900	+128.8%	1.03%	+22.7%
OPB	Buy	OPUS BK IRVINE CALIF	$4,431,000	+69.3%	184,641	+70.7%	1.01%	+71.6%
AON	Buy	AON PLCput	$4,383,000	+229.5%	30,000	+200.0%	1.00%	+234.3%
BKD	Buy	BROOKDALE SR LIVING INC	$4,317,000	-10.0%	407,295	+24.9%	0.99%	-8.7%
GILD	Sell	GILEAD SCIENCES INC	$4,254,000	-15.0%	52,500	-25.7%	0.97%	-13.9%
COF	Buy	CAPITAL ONE FINL CORPcall	$4,233,000	+70.8%	50,000	+66.7%	0.97%	+72.9%
WFC	Buy	WELLS FARGO CO NEWcall	$4,136,000	+65.9%	75,000	+66.7%	0.95%	+68.0%
CYH	Buy	COMMUNITY HEALTH SYS INC NEW	$4,045,000	-2.5%	526,700	+26.4%	0.92%	-1.3%
GILD	Sell	GILEAD SCIENCES INCcall	$4,019,000	-50.6%	49,600	-56.9%	0.92%	-50.0%
BANC	Buy	BANC OF CALIFORNIA INC	$3,828,000	+3.2%	184,500	+7.0%	0.88%	+4.7%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$3,500,000	+28.7%	103,300	+29.4%	0.80%	+30.5%
XRAY	Sell	DENTSPLY SIRONA INC	$3,457,000	-16.4%	57,800	-9.4%	0.79%	-15.3%
WDR	Sell	WADDELL & REED FINL INCcall	$3,354,000	-40.8%	167,100	-44.3%	0.77%	-40.0%
KR	Buy	KROGER CO	$3,320,000	+53.9%	165,500	+78.9%	0.76%	+56.1%
PDCO	Buy	PATTERSON COMPANIES INC	$3,025,000	-8.9%	78,264	+10.6%	0.69%	-7.7%
KR	Buy	KROGER COcall	$2,959,000	+167.1%	147,500	+210.5%	0.68%	+170.8%
ALGN	Buy	ALIGN TECHNOLOGY INCput	$2,906,000	+287.0%	15,600	+212.0%	0.66%	+291.2%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$2,827,000	+17.3%	197,300	+41.6%	0.65%	+18.9%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$2,764,000	-22.9%	175,800	-14.7%	0.63%	-22.0%
THC	Sell	TENET HEALTHCARE CORP	$2,675,000	-28.3%	162,824	-15.6%	0.61%	-27.3%
AVP	Buy	AVON PRODS INC	$2,433,000	-11.9%	1,044,155	+43.7%	0.56%	-10.6%
FBNC	Sell	FIRST BANCORP N C	$2,327,000	-38.2%	67,615	-43.8%	0.53%	-37.4%
UNFI	Sell	UNITED NAT FOODS INC	$2,314,000	-3.9%	55,650	-15.2%	0.53%	-2.8%
CM	Buy	CDN IMPERIAL BK COMM TORONTOput	$2,188,000	+12.3%	25,000	+4.2%	0.50%	+13.9%
CI	Buy	CIGNA CORPORATIONput	$2,056,000	+22.8%	11,000	+10.0%	0.47%	+24.3%
GDX	Buy	VANECK VECTORS ETF TRgold miners etf	$2,030,000	+13.1%	88,400	+8.7%	0.46%	+14.6%
BSX	New	BOSTON SCIENTIFIC CORPput	$1,957,000	–	67,100	–	0.45%	–
UNH	Sell	UNITEDHEALTH GROUP INCput	$1,959,000	-29.6%	10,000	-33.3%	0.45%	-28.7%
AMZN	Buy	AMAZON COM INCput	$1,923,000	+32.4%	2,000	+33.3%	0.44%	+34.1%
JMP	Buy	JMP GROUP LLC	$1,660,000	+15.4%	295,326	+12.2%	0.38%	+16.9%
RVSB	Sell	RIVERVIEW BANCORP INC	$1,656,000	-13.1%	197,183	-31.3%	0.38%	-11.9%
IYR	Sell	ISHARES TRput	$1,598,000	-81.0%	20,000	-81.1%	0.37%	-80.8%
BKD	Buy	BROOKDALE SR LIVING INCcall	$1,484,000	+26.1%	140,000	+75.0%	0.34%	+27.4%
VSI	Buy	VITAMIN SHOPPE INC	$1,449,000	-29.7%	270,840	+53.1%	0.33%	-28.8%
MNKKQ	New	MALLINCKRODT PUB LTD CO	$1,442,000	–	38,600	–	0.33%	–
RCM	Sell	R1 RCM INC	$1,400,000	-6.3%	377,271	-5.3%	0.32%	-5.0%
GDX	Sell	VANECK VECTORS ETF TRcall	$1,378,000	-37.6%	60,000	-40.0%	0.32%	-36.7%
THC	Buy	TENET HEALTHCARE CORPcall	$1,364,000	+252.5%	83,000	+315.0%	0.31%	+258.6%
MRK	New	MERCK & CO INCcall	$1,281,000	–	20,000	–	0.29%	–
PRGO	Sell	PERRIGO CO PLCcall	$1,270,000	-15.9%	15,000	-25.0%	0.29%	-14.7%
MYGN	Sell	MYRIAD GENETICS INC	$1,274,000	-18.0%	35,200	-41.4%	0.29%	-17.1%
AVP	Buy	AVON PRODS INCcall	$1,235,000	+150.0%	530,000	+307.7%	0.28%	+152.7%
LM	Sell	LEGG MASON INC	$1,152,000	-14.9%	29,310	-17.3%	0.26%	-13.4%
LM	New	LEGG MASON INCput	$1,152,000	–	29,300	–	0.26%	–
GOLD	Sell	BARRICK GOLD CORPcall	$1,126,000	-21.4%	70,000	-22.2%	0.26%	-20.1%
TD	Sell	TORONTO DOMINION BK ONTput	$1,125,000	-69.0%	20,000	-72.2%	0.26%	-68.6%
SC	Sell	SANTANDER CONSUMER USA HDG Icall	$1,076,000	-43.8%	70,000	-53.3%	0.25%	-43.1%
AGN	Sell	ALLERGAN PLC	$1,066,000	-23.1%	5,200	-8.8%	0.24%	-22.0%
DPLO	Buy	DIPLOMAT PHARMACY INC	$886,000	+82.7%	42,800	+30.5%	0.20%	+86.2%
MYL	Sell	MYLAN N V	$850,000	-35.8%	27,100	-20.5%	0.19%	-35.1%
CYH	New	COMMUNITY HEALTH SYS INC NEWcall	$772,000	–	100,500	–	0.18%	–
BMO	Sell	BANK MONTREAL QUEput	$757,000	-89.7%	10,000	-90.0%	0.17%	-89.6%
	New	VITAMIN SHOPPE INCnote 2.250%12/0	$738,000	–	1,000,000	–	0.17%	–
GOLD	Buy	BARRICK GOLD CORP	$708,000	+11.3%	44,000	+10.0%	0.16%	+12.5%
ELLI	New	ELLIE MAE INC	$698,000	–	8,500	–	0.16%	–
ELLI	Sell	ELLIE MAE INCput	$698,000	-57.7%	8,500	-43.3%	0.16%	-57.0%
BAX	Sell	BAXTER INTL INCput	$628,000	-48.1%	10,000	-50.0%	0.14%	-47.3%
BIOS	Sell	BIOSCRIP INC	$581,000	-1.7%	211,300	-2.9%	0.13%	0.0%
CSLT	Sell	CASTLIGHT HEALTH INCcl b	$529,000	-11.5%	123,100	-14.6%	0.12%	-10.4%
TSLA	Buy	TESLA INCput	$512,000	+41.4%	1,500	+50.0%	0.12%	+42.7%
CSU	Buy	CAPITAL SR LIVING CORP	$464,000	-4.7%	37,000	+15.6%	0.11%	-3.6%
RATE	Sell	BANKRATE INC DEL	$446,000	-92.0%	32,000	-92.6%	0.10%	-91.9%
AU	Buy	ANGLOGOLD ASHANTI LTDsponsored adr	$427,000	+6.0%	46,000	+10.8%	0.10%	+7.7%
ABT	Sell	ABBOTT LABSput	$374,000	-48.7%	7,000	-53.3%	0.09%	-47.9%
MTD	New	METTLER TOLEDO INTERNATIONALput	$376,000	–	600	–	0.09%	–
NFLX	New	NETFLIX INCput	$363,000	–	2,000	–	0.08%	–
EBIX	New	EBIX INCput	$326,000	–	5,000	–	0.08%	–
MON	Sell	MONSANTO CO NEW	$324,000	-8.7%	2,700	-10.0%	0.07%	-7.5%
KND	New	KINDRED HEALTHCARE INC	$306,000	–	45,000	–	0.07%	–
VRX	Sell	VALEANT PHARMACEUTICALS INTLcall	$287,000	-82.2%	20,000	-78.5%	0.07%	-81.9%
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-6,890	–	-0.08%	–
ENVA	Exit	ENOVA INTL INC	$0	–	-23,996	–	-0.08%	–
CSU	Exit	CAPITAL SR LIVING CORPcall	$0	–	-24,000	–	-0.08%	–
BUFF	Exit	BLUE BUFFALO PET PRODS INCput	$0	–	-20,000	–	-0.10%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-41,323	–	-0.12%	–
	Exit	INVACARE CORPnote 5.000% 2/1	$0	–	-500,000	–	-0.12%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-19,900	–	-0.14%	–
SPLS	Exit	STAPLES INCcall	$0	–	-65,000	–	-0.15%	–
BOKF	Exit	BOK FINL CORPput	$0	–	-7,900	–	-0.15%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-11,300	–	-0.15%	–
SAMG	Exit	SILVERCREST ASSET MGMT GROUPcl a	$0	–	-51,647	–	-0.16%	–
ESQ	Exit	ESQUIRE FINL HLDGS INC	$0	–	-50,000	–	-0.17%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-18,000	–	-0.17%	–
UE	Exit	URBAN EDGE PPTYS	$0	–	-35,400	–	-0.19%	–
CERN	Exit	CERNER CORPcall	$0	–	-15,600	–	-0.23%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-44,763	–	-0.25%	–
UE	Exit	URBAN EDGE PPTYSput	$0	–	-55,000	–	-0.30%	–
SYK	Exit	STRYKER CORPput	$0	–	-10,000	–	-0.31%	–
IVZ	Exit	INVESCO LTDcall	$0	–	-40,000	–	-0.32%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-7,000	–	-0.35%	–
DGX	Exit	QUEST DIAGNOSTICS INCput	$0	–	-15,000	–	-0.38%	–
MDT	Exit	MEDTRONIC PLCput	$0	–	-20,000	–	-0.40%	–
MA	Exit	MASTERCARD INCORPORATEDput	$0	–	-20,000	–	-0.55%	–
RY	Exit	ROYAL BK CDA MONTREAL QUEput	$0	–	-43,000	–	-0.70%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-218,000	–	-0.72%	–
V	Exit	VISA INCput	$0	–	-34,800	–	-0.74%	–
TROW	Exit	PRICE T ROWE GROUP INCcall	$0	–	-87,000	–	-1.46%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$38,688,000	–	160,000	–	8.73%	–
QQQ	New	POWERSHARES QQQ TRUSTput	$18,623,000	–	135,300	–	4.20%	–
XLV	New	SELECT SECTOR SPDR TRput	$12,520,000	–	158,000	–	2.83%	–
BAC	New	BANK AMER CORP	$10,007,000	–	412,500	–	2.26%	–
TROW	New	PRICE T ROWE GROUP INC	$9,989,000	–	134,600	–	2.26%	–
COF	New	CAPITAL ONE FINL CORP	$9,741,000	–	117,900	–	2.20%	–
GS	New	GOLDMAN SACHS GROUP INC	$9,553,000	–	43,050	–	2.16%	–
HRB	New	BLOCK H & R INC	$9,049,000	–	292,742	–	2.04%	–
IYR	New	ISHARES TRput	$8,432,000	–	105,700	–	1.90%	–
JPM	New	JPMORGAN CHASE & CO	$8,235,000	–	90,100	–	1.86%	–
GILD	New	GILEAD SCIENCES INCcall	$8,140,000	–	115,000	–	1.84%	–
PFE	New	PFIZER INC	$7,679,000	–	228,601	–	1.73%	–
DFS	New	DISCOVER FINL SVCS	$7,438,000	–	119,600	–	1.68%	–
XLF	New	SELECT SECTOR SPDR TRcall	$7,401,000	–	300,000	–	1.67%	–
BMO	New	BANK MONTREAL QUEput	$7,344,000	–	100,000	–	1.66%	–
WDR	New	WADDELL & REED FINL INCcl a	$7,301,000	–	386,702	–	1.65%	–
DFS	New	DISCOVER FINL SVCScall	$7,214,000	–	116,000	–	1.63%	–
WFC	New	WELLS FARGO CO NEW	$6,855,000	–	123,716	–	1.55%	–
TROW	New	PRICE T ROWE GROUP INCcall	$6,456,000	–	87,000	–	1.46%	–
NMIH	New	NMI HLDGS INCcl a	$6,077,000	–	530,775	–	1.37%	–
SC	New	SANTANDER CONSUMER USA HDG I	$6,074,000	–	475,981	–	1.37%	–
WDR	New	WADDELL & REED FINL INCcall	$5,664,000	–	300,000	–	1.28%	–
RATE	New	BANKRATE INC DEL	$5,565,000	–	433,103	–	1.26%	–
OZM	New	OCH ZIFF CAP MGMT GROUPcl a	$5,395,000	–	2,107,593	–	1.22%	–
STI	New	SUNTRUST BKS INC	$5,179,000	–	91,300	–	1.17%	–
GILD	New	GILEAD SCIENCES INC	$5,004,000	–	70,700	–	1.13%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$4,978,000	–	1,094,156	–	1.12%	–
WETF	New	WISDOMTREE INVTS INC	$4,940,000	–	485,700	–	1.12%	–
MRK	New	MERCK & CO INC	$4,864,000	–	75,900	–	1.10%	–
BKD	New	BROOKDALE SR LIVING INC	$4,795,000	–	325,995	–	1.08%	–
PRGO	New	PERRIGO CO PLC	$4,433,000	–	58,700	–	1.00%	–
FHI	New	FEDERATED INVS INC PAcl b	$4,376,000	–	154,885	–	0.99%	–
WU	New	WESTERN UN CO	$4,226,000	–	221,838	–	0.95%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$4,150,000	–	416,700	–	0.94%	–
DVA	New	DAVITA INCcall	$4,145,000	–	64,000	–	0.94%	–
XRAY	New	DENTSPLY SIRONA INC	$4,137,000	–	63,800	–	0.93%	–
CS	New	CREDIT SUISSE GROUPsponsored adr	$3,971,000	–	272,000	–	0.90%	–
TAXA	New	LIBERTY TAX INCcl a	$3,804,000	–	293,769	–	0.86%	–
CAH	New	CARDINAL HEALTH INC	$3,802,000	–	48,800	–	0.86%	–
FBNC	New	FIRST BANCORP N C	$3,764,000	–	120,404	–	0.85%	–
THC	New	TENET HEALTHCARE CORP	$3,729,000	–	192,824	–	0.84%	–
DVA	New	DAVITA INC	$3,717,000	–	57,400	–	0.84%	–
BANC	New	BANC OF CALIFORNIA INC	$3,709,000	–	172,500	–	0.84%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$3,701,000	–	111,400	–	0.84%	–
TD	New	TORONTO DOMINION BK ONTput	$3,627,000	–	72,000	–	0.82%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$3,587,000	–	206,035	–	0.81%	–
MTN	New	VAIL RESORTS INCput	$3,550,000	–	17,500	–	0.80%	–
PDCO	New	PATTERSON COMPANIES INC	$3,322,000	–	70,764	–	0.75%	–
V	New	VISA INCput	$3,264,000	–	34,800	–	0.74%	–
CS	New	CREDIT SUISSE GROUPcall	$3,183,000	–	218,000	–	0.72%	–
RY	New	ROYAL BK CDA MONTREAL QUEput	$3,118,000	–	43,000	–	0.70%	–
DB	New	DEUTSCHE BANK AGnamen akt	$3,095,000	–	174,000	–	0.70%	–
CSFL	New	CENTERSTATE BANKS INC	$2,870,000	–	115,447	–	0.65%	–
PROV	New	PROVIDENT FINL HLDGS INC	$2,855,000	–	148,333	–	0.64%	–
UNH	New	UNITEDHEALTH GROUP INCput	$2,781,000	–	15,000	–	0.63%	–
AVP	New	AVON PRODS INC	$2,761,000	–	726,655	–	0.62%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$2,720,000	–	79,800	–	0.61%	–
OPB	New	OPUS BK IRVINE CALIF	$2,618,000	–	108,190	–	0.59%	–
WFC	New	WELLS FARGO CO NEWcall	$2,493,000	–	45,000	–	0.56%	–
COF	New	CAPITAL ONE FINL CORPcall	$2,479,000	–	30,000	–	0.56%	–
MA	New	MASTERCARD INCORPORATEDput	$2,429,000	–	20,000	–	0.55%	–
UNFI	New	UNITED NAT FOODS INC	$2,409,000	–	65,650	–	0.54%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$2,410,000	–	139,300	–	0.54%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$2,325,000	–	70,000	–	0.52%	–
GDX	New	VANECK VECTORS ETF TRcall	$2,208,000	–	100,000	–	0.50%	–
KR	New	KROGER CO	$2,157,000	–	92,500	–	0.49%	–
VSI	New	VITAMIN SHOPPE INC	$2,061,000	–	176,940	–	0.46%	–
CM	New	CDN IMPERIAL BK COMM TORONTOput	$1,948,000	–	24,000	–	0.44%	–
SC	New	SANTANDER CONSUMER USA HDG Icall	$1,914,000	–	150,000	–	0.43%	–
RVSB	New	RIVERVIEW BANCORP INC	$1,905,000	–	286,877	–	0.43%	–
ISRG	New	INTUITIVE SURGICAL INCput	$1,871,000	–	2,000	–	0.42%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,860,000	–	67,100	–	0.42%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$1,795,000	–	81,300	–	0.40%	–
MDT	New	MEDTRONIC PLCput	$1,775,000	–	20,000	–	0.40%	–
CI	New	CIGNA CORPORATIONput	$1,674,000	–	10,000	–	0.38%	–
DGX	New	QUEST DIAGNOSTICS INCput	$1,667,000	–	15,000	–	0.38%	–
ELLI	New	ELLIE MAE INCput	$1,649,000	–	15,000	–	0.37%	–
VRX	New	VALEANT PHARMACEUTICALS INTLcall	$1,612,000	–	93,200	–	0.36%	–
MYGN	New	MYRIAD GENETICS INC	$1,553,000	–	60,100	–	0.35%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$1,553,000	–	7,000	–	0.35%	–
PRGO	New	PERRIGO CO PLCcall	$1,510,000	–	20,000	–	0.34%	–
RCM	New	R1 RCM INC	$1,494,000	–	398,271	–	0.34%	–
AMZN	New	AMAZON COM INCput	$1,452,000	–	1,500	–	0.33%	–
JMP	New	JMP GROUP LLC	$1,438,000	–	263,326	–	0.32%	–
GOLD	New	BARRICK GOLD CORPcall	$1,432,000	–	90,000	–	0.32%	–
IVZ	New	INVESCO LTDcall	$1,408,000	–	40,000	–	0.32%	–
SYK	New	STRYKER CORPput	$1,388,000	–	10,000	–	0.31%	–
AGN	New	ALLERGAN PLC	$1,386,000	–	5,700	–	0.31%	–
LM	New	LEGG MASON INC	$1,353,000	–	35,445	–	0.30%	–
AON	New	AON PLCput	$1,330,000	–	10,000	–	0.30%	–
MYL	New	MYLAN N V	$1,324,000	–	34,100	–	0.30%	–
UE	New	URBAN EDGE PPTYSput	$1,305,000	–	55,000	–	0.30%	–
BAX	New	BAXTER INTL INCput	$1,211,000	–	20,000	–	0.27%	–
BKD	New	BROOKDALE SR LIVING INCcall	$1,177,000	–	80,000	–	0.27%	–
NXTM	New	NXSTAGE MEDICAL INC	$1,122,000	–	44,763	–	0.25%	–
KR	New	KROGER COcall	$1,108,000	–	47,500	–	0.25%	–
CERN	New	CERNER CORPcall	$1,037,000	–	15,600	–	0.23%	–
JNJ	New	JOHNSON & JOHNSON	$966,000	–	7,300	–	0.22%	–
STT	New	STATE STR CORPput	$897,000	–	10,000	–	0.20%	–
UE	New	URBAN EDGE PPTYS	$840,000	–	35,400	–	0.19%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$783,000	–	10,000	–	0.18%	–
WFM	New	WHOLE FOODS MKT INC	$758,000	–	18,000	–	0.17%	–
ALGN	New	ALIGN TECHNOLOGY INCput	$751,000	–	5,000	–	0.17%	–
ESQ	New	ESQUIRE FINL HLDGS INC	$750,000	–	50,000	–	0.17%	–
ABT	New	ABBOTT LABSput	$729,000	–	15,000	–	0.16%	–
SAMG	New	SILVERCREST ASSET MGMT GROUPcl a	$695,000	–	51,647	–	0.16%	–
WBMD	New	WEBMD HEALTH CORP	$663,000	–	11,300	–	0.15%	–
BOKF	New	BOK FINL CORPput	$665,000	–	7,900	–	0.15%	–
SPLS	New	STAPLES INCcall	$655,000	–	65,000	–	0.15%	–
GOLD	New	BARRICK GOLD CORP	$636,000	–	40,000	–	0.14%	–
ARAY	New	ACCURAY INC	$639,000	–	134,500	–	0.14%	–
LMAT	New	LEMAITRE VASCULAR INC	$621,000	–	19,900	–	0.14%	–
CSLT	New	CASTLIGHT HEALTH INCcl b	$598,000	–	144,100	–	0.14%	–
BIOS	New	BIOSCRIP INC	$591,000	–	217,500	–	0.13%	–
	New	INVACARE CORPnote 5.000% 2/1	$536,000	–	500,000	–	0.12%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$527,000	–	41,323	–	0.12%	–
QHCCQ	New	QUORUM HEALTH CORP	$503,000	–	121,100	–	0.11%	–
AVP	New	AVON PRODS INCcall	$494,000	–	130,000	–	0.11%	–
CSU	New	CAPITAL SR LIVING CORP	$487,000	–	32,000	–	0.11%	–
DPLO	New	DIPLOMAT PHARMACY INC	$485,000	–	32,800	–	0.11%	–
BUFF	New	BLUE BUFFALO PET PRODS INCput	$456,000	–	20,000	–	0.10%	–
AU	New	ANGLOGOLD ASHANTI LTDsponsored adr	$403,000	–	41,500	–	0.09%	–
THC	New	TENET HEALTHCARE CORPcall	$387,000	–	20,000	–	0.09%	–
TSLA	New	TESLA INCput	$362,000	–	1,000	–	0.08%	–
CSU	New	CAPITAL SR LIVING CORPcall	$365,000	–	24,000	–	0.08%	–
MON	New	MONSANTO CO NEW	$355,000	–	3,000	–	0.08%	–
ENVA	New	ENOVA INTL INC	$356,000	–	23,996	–	0.08%	–
TD	New	TORONTO DOMINION BK ONT	$347,000	–	6,890	–	0.08%	–
CXRXF	New	CONCORDIA INTERNATIONAL CORP	$225,000	–	145,000	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
HPHWQ	Exit	HOOPER HOLMES INC	$0	–	-29,286	–	-0.01%	–
RTIX	Exit	RTI SURGICAL INC	$0	–	-22,111	–	-0.02%	–
GGP	Exit	GENERAL GROWTH PPTYS INC NEW	$0	–	-3,500	–	-0.03%	–
GGP	Exit	GENERAL GROWTH PPTYS INC NEWput	$0	–	-10,000	–	-0.08%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-3,500	–	-0.08%	–
DDR	Exit	DDR CORPput	$0	–	-18,000	–	-0.09%	–
BMO	Exit	BANK MONTREAL QUEput	$0	–	-5,000	–	-0.09%	–
CECO	Exit	CAREER EDUCATION CORP	$0	–	-57,357	–	-0.11%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-5,000	–	-0.11%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLcall	$0	–	-17,000	–	-0.12%	–
AU	Exit	ANGLOGOLD ASHANTI LTDsponsored adr	$0	–	-26,500	–	-0.12%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEWcall	$0	–	-37,000	–	-0.12%	–
ALGN	Exit	ALIGN TECHNOLOGY INCput	$0	–	-5,000	–	-0.13%	–
CRCM	Exit	CARE COM INC	$0	–	-49,624	–	-0.14%	–
KCG	Exit	KCG HLDGS INCcall	$0	–	-32,200	–	-0.14%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-18,000	–	-0.14%	–
GDX	Exit	VANECK VECTORS ETF TRput	$0	–	-20,000	–	-0.15%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-30,000	–	-0.15%	–
CSLT	Exit	CASTLIGHT HEALTH INCcl b	$0	–	-134,000	–	-0.16%	–
DFS	Exit	DISCOVER FINL SVCSput	$0	–	-10,000	–	-0.16%	–
SKT	Exit	TANGER FACTORY OUTLET CTRS Iput	$0	–	-14,500	–	-0.16%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-800	–	-0.16%	–
JNJ	Exit	JOHNSON & JOHNSONput	$0	–	-5,000	–	-0.16%	–
OHI	Exit	OMEGA HEALTHCARE INVS INCput	$0	–	-17,500	–	-0.17%	–
BIOS	Exit	BIOSCRIP INC	$0	–	-217,500	–	-0.18%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INCput	$0	–	-5,000	–	-0.18%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-32,100	–	-0.18%	–
NUVA	Exit	NUVASIVE INCput	$0	–	-10,000	–	-0.19%	–
VTR	Exit	VENTAS INCput	$0	–	-10,000	–	-0.20%	–
SPLS	Exit	STAPLES INC	$0	–	-83,800	–	-0.20%	–
DB	Exit	DEUTSCHE BANK AGcall	$0	–	-55,000	–	-0.20%	–
NUAN	Exit	NUANCE COMMUNICATIONS INCcall	$0	–	-50,000	–	-0.20%	–
ARAY	Exit	ACCURAY INC	$0	–	-114,500	–	-0.20%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-15,500	–	-0.22%	–
DB	Exit	DEUTSCHE BANK AGnamen akt	$0	–	-61,000	–	-0.22%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-10,000	–	-0.22%	–
SPG	Exit	SIMON PPTY GROUP INC NEWput	$0	–	-4,000	–	-0.23%	–
VSI	Exit	VITAMIN SHOPPE INC	$0	–	-31,520	–	-0.24%	–
CS	Exit	CREDIT SUISSE GROUPsponsored adr	$0	–	-65,000	–	-0.24%	–
QHCCQ	Exit	QUORUM HEALTH CORP	$0	–	-139,549	–	-0.24%	–
BDX	Exit	BECTON DICKINSON & COput	$0	–	-5,000	–	-0.25%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-13,000	–	-0.26%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-72,323	–	-0.27%	–
CMD	Exit	CANTEL MEDICAL CORPput	$0	–	-13,000	–	-0.28%	–
EHTH	Exit	EHEALTH INC	$0	–	-91,000	–	-0.28%	–
SAMG	Exit	SILVERCREST ASSET MGMT GROUPcl a	$0	–	-92,113	–	-0.30%	–
CHMI	Exit	CHERRY HILL MTG INVT CORP	$0	–	-64,045	–	-0.31%	–
LM	Exit	LEGG MASON INC	$0	–	-33,060	–	-0.31%	–
PAYX	Exit	PAYCHEX INCput	$0	–	-20,000	–	-0.32%	–
WOOF	Exit	VCA INC	$0	–	-17,000	–	-0.33%	–
AON	Exit	AON PLCput	$0	–	-11,000	–	-0.35%	–
CNMD	Exit	CONMED CORP	$0	–	-31,400	–	-0.35%	–
CS	Exit	CREDIT SUISSE GROUPcall	$0	–	-97,000	–	-0.36%	–
FRT	Exit	FEDERAL REALTY INVT TRput	$0	–	-8,500	–	-0.36%	–
THC	Exit	TENET HEALTHCARE CORPcall	$0	–	-58,000	–	-0.37%	–
MYL	Exit	MYLAN N V	$0	–	-35,000	–	-0.37%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-50,800	–	-0.38%	–
BKD	Exit	BROOKDALE SR LIVING INCcall	$0	–	-81,000	–	-0.40%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-15,500	–	-0.40%	–
OZM	Exit	OCH ZIFF CAP MGMT GROUPcl a	$0	–	-329,820	–	-0.40%	–
JMP	Exit	JMP GROUP LLC	$0	–	-263,326	–	-0.41%	–
IDXX	Exit	IDEXX LABS INCput	$0	–	-13,000	–	-0.41%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-32,000	–	-0.41%	–
RF	Exit	REGIONS FINL CORP NEWcall	$0	–	-150,000	–	-0.41%	–
PFE	Exit	PFIZER INCput	$0	–	-44,000	–	-0.42%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO	$0	–	-19,500	–	-0.43%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-63,300	–	-0.43%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-100,000	–	-0.44%	–
HYH	Exit	HALYARD HEALTH INC	$0	–	-46,000	–	-0.44%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-306,532	–	-0.46%	–
STT	Exit	STATE STR CORP	$0	–	-24,100	–	-0.47%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-84,900	–	-0.47%	–
MDT	Exit	MEDTRONIC PLCput	$0	–	-20,000	–	-0.48%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-59,385	–	-0.49%	–
AGN	Exit	ALLERGAN PLC	$0	–	-8,100	–	-0.52%	–
MON	Exit	MONSANTO CO NEW	$0	–	-18,400	–	-0.52%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-36,700	–	-0.53%	–
UNFI	Exit	UNITED NAT FOODS INC	$0	–	-50,150	–	-0.56%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-82,100	–	-0.56%	–
GDX	Exit	VANECK VECTORS ETF TRcall	$0	–	-80,000	–	-0.59%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-26,000	–	-0.65%	–
HOLX	Exit	HOLOGIC INC	$0	–	-61,800	–	-0.67%	–
DVA	Exit	DAVITA INCcall	$0	–	-38,000	–	-0.70%	–
CSFL	Exit	CENTERSTATE BANKS INC	$0	–	-145,291	–	-0.72%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-226,400	–	-0.73%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-79,800	–	-0.73%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-22,300	–	-0.74%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-133,904	–	-0.74%	–
JPMWS	Exit	JPMORGAN CHASE & CO*w exp 10/28/201	$0	–	-109,683	–	-0.75%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-19,800	–	-0.76%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-109,564	–	-0.76%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-121,070	–	-0.77%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-193,035	–	-0.78%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-277,600	–	-0.80%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-37,000	–	-0.82%	–
TAXA	Exit	LIBERTY TAX INCcl a	$0	–	-238,936	–	-0.85%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-66,764	–	-0.86%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-160,000	–	-0.86%	–
CERN	Exit	CERNER CORP	$0	–	-50,000	–	-0.86%	–
AVP	Exit	AVON PRODS INC	$0	–	-549,155	–	-0.87%	–
WDR	Exit	WADDELL & REED FINL INCcall	$0	–	-174,000	–	-0.88%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-139,600	–	-0.93%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-43,500	–	-0.94%	–
RATE	Exit	BANKRATE INC DEL	$0	–	-401,274	–	-0.95%	–
ENVA	Exit	ENOVA INTL INC	$0	–	-351,923	–	-0.95%	–
WFC	Exit	WELLS FARGO & CO NEWcall	$0	–	-80,000	–	-0.99%	–
CVS	Exit	CVS HEALTH CORPput	$0	–	-40,000	–	-0.99%	–
GNW	Exit	GENWORTH FINL INC	$0	–	-731,309	–	-1.01%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-63,800	–	-1.06%	–
HRB	Exit	BLOCK H & R INCcall	$0	–	-174,000	–	-1.12%	–
TROW	Exit	PRICE T ROWE GROUP INCcall	$0	–	-61,000	–	-1.13%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-209,338	–	-1.14%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-62,800	–	-1.17%	–
DVA	Exit	DAVITA INC	$0	–	-64,000	–	-1.18%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-245,099	–	-1.20%	–
IEF	Exit	ISHARES TRput	$0	–	-40,000	–	-1.25%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-1,042,909	–	-1.34%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-116,000	–	-1.42%	–
IYR	Exit	ISHARES TRput	$0	–	-63,000	–	-1.42%	–
HRB	Exit	BLOCK H & R INC	$0	–	-228,142	–	-1.48%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-696,375	–	-1.48%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-137,616	–	-1.70%	–
WU	Exit	WESTERN UN CO	$0	–	-293,438	–	-1.71%	–
COF	Exit	CAPITAL ONE FINL CORPcall	$0	–	-85,000	–	-1.71%	–
MRK	Exit	MERCK & CO INC	$0	–	-99,400	–	-1.73%	–
KCG	Exit	KCG HLDGS INCcl a	$0	–	-408,414	–	-1.77%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-371,502	–	-1.88%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-127,100	–	-2.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-124,600	–	-2.32%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-118,810	–	-2.38%	–
BAC	Exit	BANK AMER CORP	$0	–	-549,000	–	-2.40%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-122,000	–	-2.46%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-55,000	–	-2.48%	–
PFE	Exit	PFIZER INC	$0	–	-266,101	–	-2.52%	–
QQQ	Exit	POWERSHARES QQQ TRUSTput	$0	–	-90,000	–	-2.98%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-72,273	–	-3.26%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-82,500	–	-4.98%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRput	$17,845,000	-14.4%	82,500	-17.1%	4.98%	-22.4%
GS	Sell	GOLDMAN SACHS GROUP INC	$11,655,000	+1.8%	72,273	-6.2%	3.26%	-7.8%
QQQ	Buy	POWERSHARES QQQ TRUSTput	$10,685,000	+39.0%	90,000	+25.9%	2.98%	+25.9%
PFE	Buy	PFIZER INC	$9,013,000	+12.7%	266,101	+17.2%	2.52%	+2.1%
GS	Sell	GOLDMAN SACHS GROUP INCcall	$8,870,000	-6.7%	55,000	-14.1%	2.48%	-15.5%
XLV	Buy	SELECT SECTOR SPDR TRput	$8,797,000	+3.4%	122,000	+2.8%	2.46%	-6.4%
BAC	Sell	BANK AMER CORP	$8,592,000	+14.8%	549,000	-2.7%	2.40%	+4.0%
COF	Sell	CAPITAL ONE FINL CORP	$8,534,000	+4.7%	118,810	-7.4%	2.38%	-5.1%
JPM	Buy	JPMORGAN CHASE & CO	$8,297,000	+32.7%	124,600	+23.9%	2.32%	+20.3%
DFS	Buy	DISCOVER FINL SVCS	$7,188,000	+28.2%	127,100	+21.5%	2.01%	+16.2%
KCG	Sell	KCG HLDGS INCcl a	$6,343,000	-9.0%	408,414	-22.1%	1.77%	-17.6%
MRK	Sell	MERCK & CO INC	$6,204,000	+3.2%	99,400	-4.8%	1.73%	-6.5%
WU	Sell	WESTERN UN CO	$6,109,000	-10.1%	293,438	-17.2%	1.71%	-18.6%
COF	Buy	CAPITAL ONE FINL CORPcall	$6,106,000	+50.2%	85,000	+32.8%	1.71%	+36.2%
WFC	Buy	WELLS FARGO & CO NEW	$6,094,000	+37.3%	137,616	+46.8%	1.70%	+24.4%
NMIH	Sell	NMI HLDGS INCcl a	$5,306,000	+35.0%	696,375	-2.9%	1.48%	+22.4%
HRB	Buy	BLOCK H & R INC	$5,281,000	+13.6%	228,142	+12.9%	1.48%	+2.9%
IYR	Buy	ISHARES TRput	$5,080,000	+37.0%	63,000	+40.0%	1.42%	+24.1%
CPSS	Buy	CONSUMER PORTFOLIO SVCS INC	$4,787,000	+27.1%	1,042,909	+4.4%	1.34%	+15.2%
IEF	New	ISHARES TRput	$4,475,000	–	40,000	–	1.25%	–
BKD	Buy	BROOKDALE SR LIVING INC	$4,277,000	+27.0%	245,099	+12.4%	1.20%	+15.1%
DVA	Buy	DAVITA INC	$4,228,000	+13.9%	64,000	+33.3%	1.18%	+3.2%
TROW	Buy	PRICE T ROWE GROUP INC	$4,176,000	+54.7%	62,800	+69.7%	1.17%	+40.1%
PROV	Sell	PROVIDENT FINL HLDGS INC	$4,095,000	-33.9%	209,338	-38.2%	1.14%	-40.1%
TROW	Buy	PRICE T ROWE GROUP INCcall	$4,057,000	+79.4%	61,000	+96.8%	1.13%	+62.6%
HRB	Sell	BLOCK H & R INCcall	$4,028,000	-4.8%	174,000	-5.4%	1.12%	-13.8%
GNW	Sell	GENWORTH FINL INC	$3,627,000	+89.0%	731,309	-1.7%	1.01%	+71.1%
CVS	Sell	CVS HEALTH CORPput	$3,560,000	-17.4%	40,000	-11.1%	0.99%	-25.2%
WFC	New	WELLS FARGO & CO NEWcall	$3,542,000	–	80,000	–	0.99%	–
ENVA	Sell	ENOVA INTL INC	$3,407,000	+5.6%	351,923	-19.7%	0.95%	-4.3%
RATE	Buy	BANKRATE INC DEL	$3,403,000	+25.7%	401,274	+10.9%	0.95%	+13.9%
WDR	Buy	WADDELL & REED FINL INCcall	$3,160,000	+316.9%	174,000	+295.5%	0.88%	+277.4%
AVP	Sell	AVON PRODS INC	$3,108,000	+32.8%	549,155	-11.3%	0.87%	+20.2%
XLF	Sell	SELECT SECTOR SPDR TRcall	$3,088,000	-47.0%	160,000	-37.3%	0.86%	-52.0%
TAXA	Buy	LIBERTY TAX INCcl a	$3,054,000	+9.9%	238,936	+14.5%	0.85%	-0.5%
GILD	New	GILEAD SCIENCES INC	$2,927,000	–	37,000	–	0.82%	–
WETF	Buy	WISDOMTREE INVTS INC	$2,857,000	+31.4%	277,600	+25.0%	0.80%	+19.1%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$2,799,000	-4.8%	193,035	+2.7%	0.78%	-13.7%
THC	Buy	TENET HEALTHCARE CORP	$2,743,000	-5.5%	121,070	+15.2%	0.77%	-14.4%
NXTM	Sell	NXSTAGE MEDICAL INC	$2,738,000	+5.6%	109,564	-8.4%	0.76%	-4.3%
JNJ	Sell	JOHNSON & JOHNSON	$2,634,000	-43.3%	22,300	-41.8%	0.74%	-48.6%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$2,622,000	+2.4%	79,800	-5.9%	0.73%	-7.2%
CYH	Buy	COMMUNITY HEALTH SYS INC NEW	$2,613,000	+24.5%	226,400	+30.0%	0.73%	+12.8%
CSFL	Sell	CENTERSTATE BANKS INC	$2,576,000	-6.6%	145,291	-17.0%	0.72%	-15.3%
DVA	Buy	DAVITA INCcall	$2,511,000	+241.6%	38,000	+300.0%	0.70%	+208.8%
CVS	Buy	CVS HEALTH CORP	$2,314,000	+3959.6%	26,000	+4233.3%	0.65%	+3488.9%
GDX	Sell	VANECK VECTORS ETF TRcall	$2,114,000	-30.6%	80,000	-27.3%	0.59%	-37.2%
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$2,016,000	+4.7%	82,100	-14.1%	0.56%	-5.2%
AGN	Buy	ALLERGAN PLC	$1,866,000	+118.2%	8,100	+118.9%	0.52%	+97.3%
MDT	New	MEDTRONIC PLCput	$1,728,000	–	20,000	–	0.48%	–
STT	Sell	STATE STR CORP	$1,678,000	+6.9%	24,100	-17.2%	0.47%	-3.1%
PFE	New	PFIZER INCput	$1,490,000	–	44,000	–	0.42%	–
RF	New	REGIONS FINL CORP NEWcall	$1,480,000	–	150,000	–	0.41%	–
IDXX	New	IDEXX LABS INCput	$1,465,000	–	13,000	–	0.41%	–
JMP	Buy	JMP GROUP LLC	$1,454,000	+5.5%	263,326	+3.7%	0.41%	-4.5%
PRGO	Buy	PERRIGO CO PLC	$1,431,000	+13.6%	15,500	+11.5%	0.40%	+3.1%
OZM	New	OCH ZIFF CAP MGMT GROUPcl a	$1,431,000	–	329,820	–	0.40%	–
BKD	Buy	BROOKDALE SR LIVING INCcall	$1,413,000	+57.7%	81,000	+39.7%	0.40%	+43.1%
GDX	Buy	VANECK VECTORS ETF TRgold miners etf	$1,343,000	-0.7%	50,800	+4.1%	0.38%	-10.1%
MYL	New	MYLAN N V	$1,334,000	–	35,000	–	0.37%	–
THC	New	TENET HEALTHCARE CORPcall	$1,314,000	–	58,000	–	0.37%	–
FRT	Buy	FEDERAL REALTY INVT TRput	$1,308,000	+163.2%	8,500	+183.3%	0.36%	+138.6%
CS	New	CREDIT SUISSE GROUPcall	$1,275,000	–	97,000	–	0.36%	–
CNMD	Buy	CONMED CORP	$1,258,000	-0.2%	31,400	+18.9%	0.35%	-9.5%
AON	New	AON PLCput	$1,237,000	–	11,000	–	0.35%	–
WOOF	Sell	VCA INC	$1,190,000	-34.8%	17,000	-37.0%	0.33%	-41.0%
PAYX	New	PAYCHEX INCput	$1,157,000	–	20,000	–	0.32%	–
LM	Buy	LEGG MASON INC	$1,107,000	+33.9%	33,060	+17.8%	0.31%	+21.2%
CHMI	Sell	CHERRY HILL MTG INVT CORP	$1,096,000	-70.4%	64,045	-73.1%	0.31%	-73.2%
SAMG	Sell	SILVERCREST ASSET MGMT GROUPcl a	$1,093,000	-23.3%	92,113	-20.9%	0.30%	-30.5%
EHTH	Sell	EHEALTH INC	$1,020,000	-20.7%	91,000	-0.9%	0.28%	-28.2%
CMD	New	CANTEL MEDICAL CORPput	$1,014,000	–	13,000	–	0.28%	–
MDRX	Sell	ALLSCRIPTS HEALTHCARE SOLUTN	$952,000	+2.3%	72,323	-1.4%	0.27%	-7.3%
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$937,000	–	13,000	–	0.26%	–
BDX	Sell	BECTON DICKINSON & COput	$899,000	-47.0%	5,000	-50.0%	0.25%	-52.0%
QHCCQ	Buy	QUORUM HEALTH CORP	$875,000	+13.3%	139,549	+93.7%	0.24%	+2.5%
CS	New	CREDIT SUISSE GROUPsponsored adr	$854,000	–	65,000	–	0.24%	–
VSI	Buy	VITAMIN SHOPPE INC	$846,000	+28.6%	31,520	+46.5%	0.24%	+16.3%
SPG	New	SIMON PPTY GROUP INC NEWput	$828,000	–	4,000	–	0.23%	–
DB	New	DEUTSCHE BANK AGnamen akt	$798,000	–	61,000	–	0.22%	–
ARAY	Buy	ACCURAY INC	$729,000	+48.8%	114,500	+21.2%	0.20%	+35.1%
NUAN	New	NUANCE COMMUNICATIONS INCcall	$725,000	–	50,000	–	0.20%	–
DB	New	DEUTSCHE BANK AGcall	$720,000	–	55,000	–	0.20%	–
SPLS	Sell	STAPLES INC	$716,000	-23.7%	83,800	-23.0%	0.20%	-30.8%
VTR	New	VENTAS INCput	$706,000	–	10,000	–	0.20%	–
NUVA	New	NUVASIVE INCput	$667,000	–	10,000	–	0.19%	–
MYGN	New	MYRIAD GENETICS INC	$661,000	–	32,100	–	0.18%	–
ZBH	Buy	ZIMMER BIOMET HLDGS INCput	$650,000	+115.9%	5,000	+100.0%	0.18%	+95.7%
OHI	New	OMEGA HEALTHCARE INVS INCput	$620,000	–	17,500	–	0.17%	–
ISRG	Sell	INTUITIVE SURGICAL INC	$580,000	-52.1%	800	-56.3%	0.16%	-56.6%
DFS	New	DISCOVER FINL SVCSput	$566,000	–	10,000	–	0.16%	–
SKT	Sell	TANGER FACTORY OUTLET CTRS Iput	$565,000	-55.2%	14,500	-53.8%	0.16%	-59.4%
GOLD	Sell	BARRICK GOLD CORP	$532,000	-40.0%	30,000	-27.7%	0.15%	-45.4%
GDX	Sell	VANECK VECTORS ETF TRput	$529,000	-80.9%	20,000	-80.0%	0.15%	-82.7%
WFM	New	WHOLE FOODS MKT INC	$510,000	–	18,000	–	0.14%	–
KCG	Sell	KCG HLDGS INCcall	$500,000	-41.7%	32,200	-50.1%	0.14%	-47.2%
ALGN	New	ALIGN TECHNOLOGY INCput	$469,000	–	5,000	–	0.13%	–
CYH	New	COMMUNITY HEALTH SYS INC NEWcall	$427,000	–	37,000	–	0.12%	–
AU	Sell	ANGLOGOLD ASHANTI LTDsponsored adr	$422,000	-25.8%	26,500	-15.9%	0.12%	-32.6%
GILD	New	GILEAD SCIENCES INCcall	$396,000	–	5,000	–	0.11%	–
CECO	Sell	CAREER EDUCATION CORP	$389,000	-32.2%	57,357	-40.5%	0.11%	-38.4%
BMO	New	BANK MONTREAL QUEput	$328,000	–	5,000	–	0.09%	–
DDR	Sell	DDR CORPput	$314,000	-47.6%	18,000	-45.5%	0.09%	-52.4%
IYR	New	ISHARES TRu.s. real es etf	$282,000	–	3,500	–	0.08%	–
GGP	New	GENERAL GROWTH PPTYS INC NEWput	$276,000	–	10,000	–	0.08%	–
GGP	New	GENERAL GROWTH PPTYS INC NEW	$97,000	–	3,500	–	0.03%	–
RTIX	New	RTI SURGICAL INC	$69,000	–	22,111	–	0.02%	–
HPHWQ	Sell	HOOPER HOLMES INC	$36,000	-41.0%	29,286	-41.9%	0.01%	-47.4%
T	Exit	AT&T INC	$0	–	-5,106	–	-0.07%	–
RING	Exit	ISHARESglb gld minr etf	$0	–	-18,727	–	-0.07%	–
ABT	Exit	ABBOTT LABS	$0	–	-7,100	–	-0.09%	–
SGNT	Exit	SAGENT PHARMACEUTICALS INC	$0	–	-20,500	–	-0.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,000	–	-0.11%	–
ENVA	Exit	ENOVA INTL INCcall	$0	–	-64,200	–	-0.15%	–
HWAY	Exit	HEALTHWAYS INC	$0	–	-67,100	–	-0.24%	–
PETX	Exit	ARATANA THERAPEUTICS INC	$0	–	-124,399	–	-0.24%	–
BBSI	Exit	BARRETT BUSINESS SERVICES INput	$0	–	-20,000	–	-0.26%	–
EWC	Exit	ISHARESput	$0	–	-50,000	–	-0.38%	–
PRXL	Exit	PAREXEL INTL CORPput	$0	–	-20,000	–	-0.39%	–
TD	Exit	TORONTO DOMINION BK ONTput	$0	–	-30,000	–	-0.40%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-44,100	–	-0.57%	–
AGN	Exit	ALLERGAN PLCcall	$0	–	-10,000	–	-0.71%	–
DFS	Exit	DISCOVER FINL SVCScall	$0	–	-50,000	–	-0.83%	–
JPM	Exit	JPMORGAN CHASE & COcall	$0	–	-80,000	–	-1.53%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$20,843,000	–	99,500	–	6.43%	–
GS	New	GOLDMAN SACHS GROUP INC	$11,451,000	–	77,068	–	3.53%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$9,509,000	–	64,000	–	2.93%	–
XLV	New	SELECT SECTOR SPDR TRput	$8,511,000	–	118,700	–	2.62%	–
COF	New	CAPITAL ONE FINL CORP	$8,149,000	–	128,310	–	2.51%	–
PFE	New	PFIZER INC	$7,997,000	–	227,117	–	2.47%	–
QQQ	New	POWERSHARES QQQ TRUSTput	$7,689,000	–	71,500	–	2.37%	–
BAC	New	BANK AMER CORP	$7,484,000	–	564,000	–	2.31%	–
KCG	New	KCG HLDGS INCcl a	$6,973,000	–	524,304	–	2.15%	–
WU	New	WESTERN UN CO	$6,798,000	–	354,438	–	2.10%	–
WDR	New	WADDELL & REED FINL INCcl a	$6,397,000	–	371,502	–	1.97%	–
JPM	New	JPMORGAN CHASE & CO	$6,251,000	–	100,600	–	1.93%	–
PROV	New	PROVIDENT FINL HLDGS INC	$6,199,000	–	338,737	–	1.91%	–
MRK	New	MERCK & CO INC	$6,014,000	–	104,400	–	1.85%	–
XLF	New	SELECT SECTOR SPDR TRcall	$5,828,000	–	255,000	–	1.80%	–
DFS	New	DISCOVER FINL SVCS	$5,606,000	–	104,600	–	1.73%	–
JPM	New	JPMORGAN CHASE & COcall	$4,971,000	–	80,000	–	1.53%	–
STI	New	SUNTRUST BKS INC	$4,765,000	–	116,000	–	1.47%	–
HRB	New	BLOCK H & R INC	$4,649,000	–	202,142	–	1.43%	–
JNJ	New	JOHNSON & JOHNSON	$4,646,000	–	38,300	–	1.43%	–
WFC	New	WELLS FARGO & CO NEW	$4,438,000	–	93,761	–	1.37%	–
CVS	New	CVS HEALTH CORPput	$4,308,000	–	45,000	–	1.33%	–
HRB	New	BLOCK H & R INCcall	$4,232,000	–	184,000	–	1.30%	–
COF	New	CAPITAL ONE FINL CORPcall	$4,065,000	–	64,000	–	1.25%	–
XRAY	New	DENTSPLY SIRONA INC	$3,958,000	–	63,800	–	1.22%	–
NMIH	New	NMI HLDGS INCcl a	$3,929,000	–	716,975	–	1.21%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$3,767,000	–	999,209	–	1.16%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$3,711,000	–	48,000	–	1.14%	–
CHMI	New	CHERRY HILL MTG INVT CORP	$3,706,000	–	238,033	–	1.14%	–
IYR	New	ISHARES TRput	$3,708,000	–	45,000	–	1.14%	–
CAH	New	CARDINAL HEALTH INC	$3,393,000	–	43,500	–	1.05%	–
BKD	New	BROOKDALE SR LIVING INC	$3,367,000	–	218,099	–	1.04%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,262,000	–	139,600	–	1.01%	–
ENVA	New	ENOVA INTL INC	$3,227,000	–	438,470	–	1.00%	–
PDCO	New	PATTERSON COMPANIES INC	$3,197,000	–	66,764	–	0.99%	–
GDX	New	VANECK VECTORS ETF TRcall	$3,048,000	–	110,000	–	0.94%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,939,000	–	188,035	–	0.91%	–
CERN	New	CERNER CORP	$2,930,000	–	50,000	–	0.90%	–
THC	New	TENET HEALTHCARE CORP	$2,904,000	–	105,070	–	0.90%	–
TAXA	New	LIBERTY TAX INCcl a	$2,780,000	–	208,730	–	0.86%	–
GDX	New	VANECK VECTORS ETF TRput	$2,771,000	–	100,000	–	0.85%	–
CSFL	New	CENTERSTATE BANKS INC	$2,757,000	–	175,036	–	0.85%	–
RATE	New	BANKRATE INC DEL	$2,707,000	–	361,874	–	0.84%	–
TROW	New	PRICE T ROWE GROUP INC	$2,700,000	–	37,000	–	0.83%	–
DFS	New	DISCOVER FINL SVCScall	$2,680,000	–	50,000	–	0.83%	–
NXTM	New	NXSTAGE MEDICAL INC	$2,592,000	–	119,564	–	0.80%	–
LH	New	LABORATORY CORP AMER HLDGS	$2,579,000	–	19,800	–	0.80%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$2,560,000	–	84,800	–	0.79%	–
FBNC	New	FIRST BANCORP N C	$2,354,000	–	133,904	–	0.73%	–
UNFI	New	UNITED NAT FOODS INC	$2,347,000	–	50,150	–	0.72%	–
AVP	New	AVON PRODS INC	$2,341,000	–	619,255	–	0.72%	–
AGN	New	ALLERGAN PLCcall	$2,311,000	–	10,000	–	0.71%	–
TROW	New	PRICE T ROWE GROUP INCcall	$2,262,000	–	31,000	–	0.70%	–
JPMWS	New	JPMORGAN CHASE & CO*w exp 10/28/201	$2,221,000	–	109,683	–	0.68%	–
WETF	New	WISDOMTREE INVTS INC	$2,174,000	–	222,100	–	0.67%	–
HOLX	New	HOLOGIC INC	$2,138,000	–	61,800	–	0.66%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$2,099,000	–	174,200	–	0.65%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$1,925,000	–	95,600	–	0.59%	–
GNW	New	GENWORTH FINL INC	$1,919,000	–	743,809	–	0.59%	–
MON	New	MONSANTO CO NEW	$1,903,000	–	18,400	–	0.59%	–
SNY	New	SANOFIsponsored adr	$1,846,000	–	44,100	–	0.57%	–
WOOF	New	VCA INC	$1,825,000	–	27,000	–	0.56%	–
MJN	New	MEAD JOHNSON NUTRITION CO	$1,770,000	–	19,500	–	0.55%	–
ZTS	New	ZOETIS INCcl a	$1,742,000	–	36,700	–	0.54%	–
FHI	New	FEDERATED INVS INC PAcl b	$1,709,000	–	59,385	–	0.53%	–
BDX	New	BECTON DICKINSON & COput	$1,696,000	–	10,000	–	0.52%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$1,607,000	–	32,000	–	0.50%	–
STT	New	STATE STR CORP	$1,569,000	–	29,100	–	0.48%	–
HYH	New	HALYARD HEALTH INC	$1,496,000	–	46,000	–	0.46%	–
RVSB	New	RIVERVIEW BANCORP INC	$1,450,000	–	306,532	–	0.45%	–
SAMG	New	SILVERCREST ASSET MGMT GROUPcl a	$1,425,000	–	116,432	–	0.44%	–
JMP	New	JMP GROUP LLC	$1,378,000	–	253,826	–	0.42%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$1,352,000	–	48,800	–	0.42%	–
BAC	New	BANK AMER CORPcall	$1,327,000	–	100,000	–	0.41%	–
EHTH	New	EHEALTH INC	$1,287,000	–	91,800	–	0.40%	–
TD	New	TORONTO DOMINION BK ONTput	$1,288,000	–	30,000	–	0.40%	–
SKT	New	TANGER FACTORY OUTLET CTRS Iput	$1,262,000	–	31,400	–	0.39%	–
CNMD	New	CONMED CORP	$1,260,000	–	26,400	–	0.39%	–
PRGO	New	PERRIGO CO PLC	$1,260,000	–	13,900	–	0.39%	–
PRXL	New	PAREXEL INTL CORPput	$1,258,000	–	20,000	–	0.39%	–
EWC	New	ISHARESput	$1,226,000	–	50,000	–	0.38%	–
LMAT	New	LEMAITRE VASCULAR INC	$1,212,000	–	84,900	–	0.37%	–
ISRG	New	INTUITIVE SURGICAL INC	$1,210,000	–	1,830	–	0.37%	–
WMGI	New	WRIGHT MED GROUP N V	$1,100,000	–	63,300	–	0.34%	–
SPLS	New	STAPLES INC	$938,000	–	108,800	–	0.29%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$931,000	–	73,323	–	0.29%	–
WBMD	New	WEBMD HEALTH CORP	$901,000	–	15,500	–	0.28%	–
BKD	New	BROOKDALE SR LIVING INCcall	$896,000	–	58,000	–	0.28%	–
GOLD	New	BARRICK GOLD CORP	$886,000	–	41,500	–	0.27%	–
KCG	New	KCG HLDGS INCcall	$858,000	–	64,500	–	0.26%	–
AGN	New	ALLERGAN PLC	$855,000	–	3,700	–	0.26%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$833,000	–	10,000	–	0.26%	–
BBSI	New	BARRETT BUSINESS SERVICES INput	$826,000	–	20,000	–	0.26%	–
LM	New	LEGG MASON INC	$827,000	–	28,060	–	0.26%	–
PETX	New	ARATANA THERAPEUTICS INC	$786,000	–	124,399	–	0.24%	–
HWAY	New	HEALTHWAYS INC	$775,000	–	67,100	–	0.24%	–
QHCCQ	New	QUORUM HEALTH CORP	$772,000	–	72,049	–	0.24%	–
WDR	New	WADDELL & REED FINL INCcall	$758,000	–	44,000	–	0.23%	–
DVA	New	DAVITA HEALTHCARE PARTNERS Icall	$735,000	–	9,500	–	0.23%	–
VSI	New	VITAMIN SHOPPE INC	$658,000	–	21,520	–	0.20%	–
JNJ	New	JOHNSON & JOHNSONput	$607,000	–	5,000	–	0.19%	–
DDR	New	DDR CORPput	$599,000	–	33,000	–	0.18%	–
CRCM	New	CARE COM INC	$580,000	–	49,624	–	0.18%	–
CECO	New	CAREER EDUCATION CORP	$574,000	–	96,475	–	0.18%	–
AU	New	ANGLOGOLD ASHANTI LTDsponsored adr	$569,000	–	31,500	–	0.18%	–
BIOS	New	BIOSCRIP INC	$555,000	–	217,500	–	0.17%	–
CSLT	New	CASTLIGHT HEALTH INCcl b	$531,000	–	134,000	–	0.16%	–
FRT	New	FEDERAL REALTY INVT TRput	$497,000	–	3,000	–	0.15%	–
ARAY	New	ACCURAY INC	$490,000	–	94,500	–	0.15%	–
ENVA	New	ENOVA INTL INCcall	$473,000	–	64,200	–	0.15%	–
MO	New	ALTRIA GROUP INC	$345,000	–	5,000	–	0.11%	–
VRX	New	VALEANT PHARMACEUTICALS INTLcall	$342,000	–	17,000	–	0.10%	–
SGNT	New	SAGENT PHARMACEUTICALS INC	$307,000	–	20,500	–	0.10%	–
ZBH	New	ZIMMER BIOMET HLDGS INCput	$301,000	–	2,500	–	0.09%	–
ABT	New	ABBOTT LABS	$279,000	–	7,100	–	0.09%	–
RING	New	ISHARESglb gld minr etf	$221,000	–	18,727	–	0.07%	–
T	New	AT&T INC	$221,000	–	5,106	–	0.07%	–
HPHWQ	New	HOOPER HOLMES INC	$61,000	–	50,385	–	0.02%	–
CVS	New	CVS HEALTH CORP	$57,000	–	600	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
HH	Exit	HOOPER HOLMES INC	$0	–	-481,487	–	-0.02%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INCcall	$0	–	-20,000	–	-0.02%	–
HWC	Exit	HANCOCK HLDG CO	$0	–	-3,500	–	-0.03%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEWcall	$0	–	-20,000	–	-0.03%	–
SWSH	Exit	SWISHER HYGIENE INC	$0	–	-106,662	–	-0.04%	–
ZION	Exit	ZIONS BANCORPORATION	$0	–	-6,000	–	-0.04%	–
NUAN	Exit	NUANCE COMMUNICATIONS INCcall	$0	–	-11,000	–	-0.05%	–
VSI	Exit	VITAMIN SHOPPE INC	$0	–	-6,520	–	-0.06%	–
BKD	Exit	BROOKDALE SR LIVING INCcall	$0	–	-10,000	–	-0.06%	–
INSYQ	Exit	INSYS THERAPEUTICS INC NEW	$0	–	-8,400	–	-0.06%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLCput	$0	–	-2,000	–	-0.07%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-2,000	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,000	–	-0.07%	–
CELG	Exit	CELGENE CORP	$0	–	-2,500	–	-0.07%	–
INSYQ	Exit	INSYS THERAPEUTICS INC NEWput	$0	–	-10,000	–	-0.08%	–
CFR	Exit	CULLEN FROST BANKERS INC	$0	–	-4,500	–	-0.08%	–
PEO	Exit	ADAM NAT RES FD INC	$0	–	-16,400	–	-0.08%	–
AU	Exit	ANGLOGOLD ASHANTI LTDcall	$0	–	-40,000	–	-0.09%	–
MOH	Exit	MOLINA HEALTHCARE INCput	$0	–	-5,000	–	-0.09%	–
AMGN	Exit	AMGEN INC	$0	–	-2,500	–	-0.09%	–
AU	Exit	ANGLOGOLD ASHANTI LTDsponsored adr	$0	–	-43,000	–	-0.10%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-5,300	–	-0.10%	–
LUXTY	Exit	LUXOTTICA GROUP S P Aput	$0	–	-5,300	–	-0.10%	–
IDXX	Exit	IDEXX LABS INCput	$0	–	-5,000	–	-0.10%	–
CSLT	Exit	CASTLIGHT HEALTH INCcl b	$0	–	-93,200	–	-0.10%	–
CECO	Exit	CAREER EDUCATION CORP	$0	–	-106,275	–	-0.11%	–
IRT	Exit	INDEPENDENCE RLTY TR INC	$0	–	-57,936	–	-0.11%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-69,500	–	-0.12%	–
WU	Exit	WESTERN UN COcall	$0	–	-25,000	–	-0.12%	–
ARAY	Exit	ACCURAY INC	$0	–	-94,500	–	-0.13%	–
XRAY	Exit	DENTSPLY INTL INC NEWcall	$0	–	-10,000	–	-0.14%	–
CRCM	Exit	CARE COM INC	$0	–	-103,579	–	-0.14%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-34,400	–	-0.15%	–
SIVB	Exit	SVB FINL GROUPput	$0	–	-5,000	–	-0.16%	–
SIVB	Exit	SVB FINL GROUP	$0	–	-5,000	–	-0.16%	–
EWBC	Exit	EAST WEST BANCORP INCput	$0	–	-16,000	–	-0.16%	–
RM	Exit	REGIONAL MGMT CORPput	$0	–	-40,000	–	-0.17%	–
BAX	Exit	BAXTER INTL INC	$0	–	-20,000	–	-0.18%	–
BAX	Exit	BAXTER INTL INCput	$0	–	-20,000	–	-0.18%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-8,000	–	-0.18%	–
RDEN	Exit	ELIZABETH ARDEN INC	$0	–	-58,564	–	-0.18%	–
ZION	Exit	ZIONS BANCORPORATIONput	$0	–	-25,000	–	-0.18%	–
SSRG	Exit	SYMMETRY SURGICAL INC	$0	–	-77,533	–	-0.18%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-3,693	–	-0.20%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-18,276	–	-0.20%	–
HWAY	Exit	HEALTHWAYS INC	$0	–	-65,900	–	-0.20%	–
AVP	Exit	AVON PRODS INCcall	$0	–	-248,000	–	-0.22%	–
UNH	Exit	UNITEDHEALTH GROUP INCput	$0	–	-7,000	–	-0.22%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-10,000	–	-0.22%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEW	$0	–	-137,923	–	-0.24%	–
UNFI	Exit	UNITED NAT FOODS INC	$0	–	-18,350	–	-0.24%	–
MA	Exit	MASTERCARD INCput	$0	–	-10,000	–	-0.24%	–
HYH	Exit	HALYARD HEALTH INC	$0	–	-31,900	–	-0.24%	–
APOL	Exit	APOLLO ED GROUP INCcl a	$0	–	-82,500	–	-0.24%	–
TAXA	Exit	LIBERTY TAX INCcl a	$0	–	-40,880	–	-0.26%	–
QQQ	Exit	POWERSHARES QQQ TRUSTcall	$0	–	-10,000	–	-0.27%	–
MON	Exit	MONSANTO CO NEWcall	$0	–	-12,000	–	-0.28%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-84,900	–	-0.28%	–
HTWR	Exit	HEARTWARE INTL INC	$0	–	-19,800	–	-0.28%	–
RATE	Exit	BANKRATE INC DELcall	$0	–	-101,200	–	-0.28%	–
MJN	Exit	MEAD JOHNSON NUTRITION COcall	$0	–	-15,000	–	-0.28%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO	$0	–	-15,200	–	-0.29%	–
HWC	Exit	HANCOCK HLDG COput	$0	–	-40,000	–	-0.29%	–
STT	Exit	STATE STR CORP	$0	–	-16,100	–	-0.29%	–
KCG	Exit	KCG HLDGS INCput	$0	–	-100,000	–	-0.30%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-30,870	–	-0.31%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-92,823	–	-0.31%	–
SPLS	Exit	STAPLES INC	$0	–	-98,800	–	-0.31%	–
LM	Exit	LEGG MASON INC	$0	–	-28,060	–	-0.31%	–
LGIH	Exit	LGI HOMES INCput	$0	–	-44,200	–	-0.32%	–
CI	Exit	CIGNA CORPORATION	$0	–	-9,000	–	-0.33%	–
CI	Exit	CIGNA CORPORATIONput	$0	–	-9,000	–	-0.33%	–
CFR	Exit	CULLEN FROST BANKERS INCput	$0	–	-19,100	–	-0.33%	–
MRK	Exit	MERCK & CO INC NEWcall	$0	–	-25,000	–	-0.33%	–
CNMD	Exit	CONMED CORP	$0	–	-26,400	–	-0.34%	–
ANTM	Exit	ANTHEM INCput	$0	–	-9,000	–	-0.34%	–
TRNX	Exit	TORNIER N V	$0	–	-63,300	–	-0.35%	–
MON	Exit	MONSANTO CO NEW	$0	–	-15,200	–	-0.35%	–
ELLI	Exit	ELLIE MAE INCput	$0	–	-20,000	–	-0.36%	–
EHTH	Exit	EHEALTH INC	$0	–	-104,488	–	-0.36%	–
APOL	Exit	APOLLO ED GROUP INCcall	$0	–	-121,500	–	-0.36%	–
CELG	Exit	CELGENE CORPput	$0	–	-12,500	–	-0.36%	–
HNGR	Exit	HANGER INC	$0	–	-102,000	–	-0.37%	–
JMP	Exit	JMP GROUP LLC	$0	–	-225,015	–	-0.38%	–
SAMG	Exit	SILVERCREST ASSET MGMT GROUPcl a	$0	–	-130,748	–	-0.38%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-61,799	–	-0.38%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-49,385	–	-0.38%	–
COF	Exit	CAPITAL ONE FINL CORPput	$0	–	-20,000	–	-0.39%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-229,000	–	-0.39%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-306,532	–	-0.39%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-36,700	–	-0.41%	–
AMGN	Exit	AMGEN INCput	$0	–	-11,000	–	-0.41%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-16,600	–	-0.43%	–
WDR	Exit	WADDELL & REED FINL INCcall	$0	–	-50,700	–	-0.47%	–
AVP	Exit	AVON PRODS INC	$0	–	-552,055	–	-0.48%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-32,000	–	-0.48%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-42,200	–	-0.48%	–
ABC	Exit	AMERISOURCEBERGEN CORPput	$0	–	-19,500	–	-0.50%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-143,100	–	-0.53%	–
WOOF	Exit	VCA INC	$0	–	-38,091	–	-0.54%	–
ENVA	Exit	ENOVA INTL INCcall	$0	–	-198,900	–	-0.55%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-129,564	–	-0.55%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-44,100	–	-0.56%	–
GNW	Exit	GENWORTH FINL INCcall	$0	–	-455,200	–	-0.56%	–
JPMWS	Exit	JPMORGAN CHASE & CO*w exp 10/28/201	$0	–	-109,683	–	-0.59%	–
BEN	Exit	FRANKLIN RES INCcall	$0	–	-60,000	–	-0.60%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-5,030	–	-0.62%	–
CACC	Exit	CREDIT ACCEP CORP MICHput	$0	–	-11,800	–	-0.62%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-46,100	–	-0.64%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-78,800	–	-0.67%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-158,553	–	-0.72%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-169,600	–	-0.75%	–
HOLX	Exit	HOLOGIC INC	$0	–	-71,900	–	-0.76%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-39,500	–	-0.77%	–
CSFL	Exit	CENTERSTATE BANKS INC	$0	–	-196,851	–	-0.78%	–
CERN	Exit	CERNER CORP	$0	–	-50,000	–	-0.80%	–
BOFI	Exit	BOFI HLDG INCput	$0	–	-24,100	–	-0.83%	–
LM	Exit	LEGG MASON INCcall	$0	–	-75,000	–	-0.84%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-172,500	–	-0.88%	–
GNW	Exit	GENWORTH FINL INC	$0	–	-718,609	–	-0.89%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-43,500	–	-0.90%	–
GDX	Exit	MARKET VECTORS ETF TRcall	$0	–	-250,000	–	-0.92%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-80,064	–	-0.93%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-32,800	–	-0.96%	–
CSH	Exit	CASH AMER INTL INC	$0	–	-128,668	–	-0.97%	–
CVS	Exit	CVS HEALTH CORPput	$0	–	-40,000	–	-1.04%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-170,500	–	-1.04%	–
XLF	Exit	SELECT SECTOR SPDR TRput	$0	–	-170,500	–	-1.04%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-250,000	–	-1.05%	–
ENVA	Exit	ENOVA INTL INC	$0	–	-381,483	–	-1.05%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-114,416	–	-1.07%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-180,000	–	-1.10%	–
TROW	Exit	PRICE T ROWE GROUP INCcall	$0	–	-60,000	–	-1.12%	–
COF	Exit	CAPITAL ONE FINL CORPcall	$0	–	-59,000	–	-1.15%	–
CHMI	Exit	CHERRY HILL MTG INVT CORP	$0	–	-288,771	–	-1.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-47,300	–	-1.19%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-273,950	–	-1.20%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-916,051	–	-1.22%	–
GPN	Exit	GLOBAL PMTS INCput	$0	–	-40,000	–	-1.23%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-123,800	–	-1.27%	–
XRAY	Exit	DENTSPLY INTL INC NEW	$0	–	-93,800	–	-1.27%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-93,761	–	-1.29%	–
JPM	Exit	JPMORGAN CHASE & COcall	$0	–	-80,000	–	-1.31%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-101,900	–	-1.35%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-679,534	–	-1.39%	–
KCG	Exit	KCG HLDGS INCcall	$0	–	-500,000	–	-1.47%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-93,100	–	-1.52%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-33,000	–	-1.54%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-80,500	–	-1.57%	–
FITB	Exit	FIFTH THIRD BANCORPcall	$0	–	-315,800	–	-1.60%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-91,300	–	-1.62%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS Icall	$0	–	-84,200	–	-1.64%	–
WU	Exit	WESTERN UN CO	$0	–	-354,438	–	-1.75%	–
DFS	Exit	DISCOVER FINL SVCScall	$0	–	-126,000	–	-1.76%	–
QQQ	Exit	POWERSHARES QQQ TRUSTput	$0	–	-66,000	–	-1.80%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-427,709	–	-1.93%	–
BAC	Exit	BANK AMER CORP	$0	–	-461,500	–	-1.93%	–
PFE	Exit	PFIZER INC	$0	–	-244,417	–	-2.06%	–
KCG	Exit	KCG HLDGS INCcl a	$0	–	-754,122	–	-2.22%	–
RATE	Exit	BANKRATE INC DEL	$0	–	-822,680	–	-2.29%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-55,300	–	-2.58%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-98,000	–	-5.04%	–

Q3 2015

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$18,780,000	-2.9%	98,000	+4.3%	5.04%	-2.0%
RATE	Buy	BANKRATE INC DEL	$8,515,000	+35.2%	822,680	+37.0%	2.29%	+36.5%
KCG	Sell	KCG HLDGS INCcl a	$8,273,000	-13.4%	754,122	-2.7%	2.22%	-12.6%
BAC	Sell	BANK AMER CORP	$7,190,000	-15.8%	461,500	-8.0%	1.93%	-14.9%
QQQ	Buy	POWERSHARES QQQ TRUSTput	$6,716,000	+79.2%	66,000	+88.6%	1.80%	+81.0%
DFS	New	DISCOVER FINL SVCScall	$6,551,000	–	126,000	–	1.76%	–
WU	Buy	WESTERN UN CO	$6,507,000	-4.3%	354,438	+6.0%	1.75%	-3.4%
DVA	Buy	DAVITA HEALTHCARE PARTNERS Icall	$6,090,000	+206.5%	84,200	+236.8%	1.64%	+209.7%
XLV	Buy	SELECT SECTOR SPDR TRput	$6,047,000	+1.6%	91,300	+14.1%	1.62%	+2.7%
FITB	Sell	FIFTH THIRD BANCORPcall	$5,972,000	-12.0%	315,800	-3.1%	1.60%	-11.1%
GS	Buy	GOLDMAN SACHS GROUP INCcall	$5,734,000	+816.0%	33,000	+1000.0%	1.54%	+827.7%
KCG	Buy	KCG HLDGS INCcall	$5,485,000	+110.2%	500,000	+136.2%	1.47%	+112.2%
MRK	Buy	MERCK & CO INC NEW	$5,033,000	-9.1%	101,900	+4.7%	1.35%	-8.2%
JPM	Buy	JPMORGAN CHASE & COcall	$4,878,000	+260.0%	80,000	+300.0%	1.31%	+263.9%
CPSS	Buy	CONSUMER PORTFOLIO SVCS INC	$4,562,000	-17.3%	916,051	+3.7%	1.22%	-16.6%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$4,485,000	+9.0%	273,950	+16.6%	1.20%	+10.1%
COF	Buy	CAPITAL ONE FINL CORPcall	$4,279,000	+143.3%	59,000	+195.0%	1.15%	+145.5%
TROW	New	PRICE T ROWE GROUP INCcall	$4,170,000	–	60,000	–	1.12%	–
XLF	Sell	SELECT SECTOR SPDR TRcall	$4,079,000	-16.3%	180,000	-10.0%	1.10%	-15.6%
WDR	New	WADDELL & REED FINL INCcl a	$3,978,000	–	114,416	–	1.07%	–
ENVA	Buy	ENOVA INTL INC	$3,899,000	-32.1%	381,483	+24.1%	1.05%	-31.4%
BAC	Sell	BANK AMER CORPcall	$3,895,000	-42.2%	250,000	-36.9%	1.05%	-41.6%
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$3,864,000	–	170,500	–	1.04%	–
XLF	Buy	SELECT SECTOR SPDR TRput	$3,864,000	+58.5%	170,500	+70.5%	1.04%	+60.2%
CVS	Buy	CVS HEALTH CORPput	$3,859,000	+22.7%	40,000	+33.3%	1.04%	+23.8%
CSH	Sell	CASH AMER INTL INC	$3,599,000	-22.2%	128,668	-27.1%	0.97%	-21.5%
PDCO	Sell	PATTERSON COMPANIES INC	$3,463,000	-16.3%	80,064	-5.9%	0.93%	-15.5%
GDX	Buy	MARKET VECTORS ETF TRcall	$3,435,000	+13.8%	250,000	+47.1%	0.92%	+14.8%
GNW	Buy	GENWORTH FINL INC	$3,320,000	-13.8%	718,609	+41.3%	0.89%	-12.9%
LM	New	LEGG MASON INCcall	$3,121,000	–	75,000	–	0.84%	–
BOFI	Buy	BOFI HLDG INCput	$3,105,000	+46.9%	24,100	+20.5%	0.83%	+48.4%
DVA	Buy	DAVITA HEALTHCARE PARTNERS I	$2,857,000	+75.4%	39,500	+92.7%	0.77%	+77.1%
HOLX	Sell	HOLOGIC INC	$2,813,000	-29.2%	71,900	-31.1%	0.76%	-28.5%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$2,507,000	+6.6%	78,800	+113.6%	0.67%	+7.7%
DFS	New	DISCOVER FINL SVCS	$2,397,000	–	46,100	–	0.64%	–
CACC	Sell	CREDIT ACCEP CORP MICHput	$2,323,000	-69.4%	11,800	-61.7%	0.62%	-69.0%
ISRG	Sell	INTUITIVE SURGICAL INC	$2,312,000	-8.8%	5,030	-3.8%	0.62%	-7.9%
BEN	New	FRANKLIN RES INCcall	$2,236,000	–	60,000	–	0.60%	–
GNW	Buy	GENWORTH FINL INCcall	$2,103,000	+100.7%	455,200	+228.7%	0.56%	+102.5%
ENVA	Buy	ENOVA INTL INCcall	$2,033,000	+37.6%	198,900	+151.5%	0.55%	+38.9%
WOOF	Sell	VCA INC	$2,005,000	-21.1%	38,091	-18.4%	0.54%	-20.3%
GDX	Buy	MARKET VECTORS ETF TRgold miner etf	$1,966,000	+10.0%	143,100	+42.2%	0.53%	+11.2%
ABC	Sell	AMERISOURCEBERGEN CORPput	$1,852,000	-12.9%	19,500	-2.5%	0.50%	-12.2%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$1,807,000	-29.7%	32,000	-26.4%	0.48%	-29.1%
CYH	Sell	COMMUNITY HEALTH SYS INC NEW	$1,805,000	-57.3%	42,200	-37.2%	0.48%	-56.9%
AVP	Buy	AVON PRODS INC	$1,794,000	-39.9%	552,055	+15.7%	0.48%	-39.3%
WDR	New	WADDELL & REED FINL INCcall	$1,763,000	–	50,700	–	0.47%	–
CVS	New	CVS HEALTH CORP	$1,602,000	–	16,600	–	0.43%	–
AMGN	Sell	AMGEN INCput	$1,522,000	-56.9%	11,000	-52.2%	0.41%	-56.4%
COF	New	CAPITAL ONE FINL CORPput	$1,450,000	–	20,000	–	0.39%	–
BKD	New	BROOKDALE SR LIVING INC	$1,419,000	–	61,799	–	0.38%	–
SAMG	Buy	SILVERCREST ASSET MGMT GROUPcl a	$1,413,000	-21.0%	130,748	+2.8%	0.38%	-20.2%
HNGR	Buy	HANGER INC	$1,391,000	-2.7%	102,000	+67.2%	0.37%	-1.6%
CELG	New	CELGENE CORPput	$1,352,000	–	12,500	–	0.36%	–
APOL	Buy	APOLLO ED GROUP INCcall	$1,344,000	+45.9%	121,500	+69.9%	0.36%	+47.3%
EHTH	Sell	EHEALTH INC	$1,338,000	-7.9%	104,488	-8.7%	0.36%	-7.0%
ELLI	Sell	ELLIE MAE INCput	$1,331,000	-52.3%	20,000	-50.0%	0.36%	-51.9%
MON	New	MONSANTO CO NEW	$1,297,000	–	15,200	–	0.35%	–
ANTM	Sell	ANTHEM INCput	$1,260,000	-52.0%	9,000	-43.8%	0.34%	-51.6%
MRK	New	MERCK & CO INC NEWcall	$1,235,000	–	25,000	–	0.33%	–
CI	Sell	CIGNA CORPORATIONput	$1,215,000	-75.0%	9,000	-70.0%	0.33%	-74.8%
CI	New	CIGNA CORPORATION	$1,215,000	–	9,000	–	0.33%	–
LGIH	New	LGI HOMES INCput	$1,202,000	–	44,200	–	0.32%	–
THC	Sell	TENET HEALTHCARE CORP	$1,140,000	-37.5%	30,870	-2.0%	0.31%	-36.9%
KCG	Sell	KCG HLDGS INCput	$1,097,000	-63.8%	100,000	-59.3%	0.30%	-63.4%
HWC	New	HANCOCK HLDG COput	$1,082,000	–	40,000	–	0.29%	–
MJN	New	MEAD JOHNSON NUTRITION CO	$1,070,000	–	15,200	–	0.29%	–
MJN	New	MEAD JOHNSON NUTRITION COcall	$1,056,000	–	15,000	–	0.28%	–
RATE	New	BANKRATE INC DELcall	$1,047,000	–	101,200	–	0.28%	–
HTWR	New	HEARTWARE INTL INC	$1,036,000	–	19,800	–	0.28%	–
MON	New	MONSANTO CO NEWcall	$1,024,000	–	12,000	–	0.28%	–
QQQ	New	POWERSHARES QQQ TRUSTcall	$1,018,000	–	10,000	–	0.27%	–
APOL	Buy	APOLLO ED GROUP INCcl a	$912,000	-11.5%	82,500	+3.1%	0.24%	-10.6%
HYH	New	HALYARD HEALTH INC	$907,000	–	31,900	–	0.24%	–
UNFI	New	UNITED NAT FOODS INC	$890,000	–	18,350	–	0.24%	–
WW	Sell	WEIGHT WATCHERS INTL INC NEW	$880,000	+23.4%	137,923	-6.1%	0.24%	+24.2%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$831,000	-50.8%	10,000	-50.0%	0.22%	-50.3%
UNH	New	UNITEDHEALTH GROUP INCput	$812,000	–	7,000	–	0.22%	–
AVP	Sell	AVON PRODS INCcall	$806,000	-55.3%	248,000	-13.9%	0.22%	-54.9%
HWAY	Buy	HEALTHWAYS INC	$733,000	+12.3%	65,900	+20.9%	0.20%	+13.2%
CACC	New	CREDIT ACCEP CORP MICH	$727,000	–	3,693	–	0.20%	–
ZION	New	ZIONS BANCORPORATIONput	$689,000	–	25,000	–	0.18%	–
RDEN	Buy	ELIZABETH ARDEN INC	$685,000	-10.3%	58,564	+9.3%	0.18%	-9.4%
BAX	New	BAXTER INTL INC	$657,000	–	20,000	–	0.18%	–
BAX	New	BAXTER INTL INCput	$657,000	–	20,000	–	0.18%	–
RM	New	REGIONAL MGMT CORPput	$620,000	–	40,000	–	0.17%	–
SIVB	New	SVB FINL GROUP	$578,000	–	5,000	–	0.16%	–
WETF	Sell	WISDOMTREE INVTS INC	$555,000	-58.6%	34,400	-43.7%	0.15%	-58.3%
CRCM	Buy	CARE COM INC	$532,000	-12.4%	103,579	+1.1%	0.14%	-11.2%
ARAY	Buy	ACCURAY INC	$472,000	-21.7%	94,500	+5.6%	0.13%	-20.6%
WU	New	WESTERN UN COcall	$459,000	–	25,000	–	0.12%	–
GOLD	Buy	BARRICK GOLD CORP	$442,000	-27.3%	69,500	+21.9%	0.12%	-26.5%
IRT	New	INDEPENDENCE RLTY TR INC	$418,000	–	57,936	–	0.11%	–
CSLT	Buy	CASTLIGHT HEALTH INCcl b	$391,000	-38.6%	93,200	+19.2%	0.10%	-37.9%
IDXX	New	IDEXX LABS INCput	$371,000	–	5,000	–	0.10%	–
TROW	New	PRICE T ROWE GROUP INC	$368,000	–	5,300	–	0.10%	–
AU	Buy	ANGLOGOLD ASHANTI LTDsponsored adr	$352,000	+28.9%	43,000	+41.0%	0.10%	+30.1%
AMGN	Sell	AMGEN INC	$346,000	-24.9%	2,500	-16.7%	0.09%	-24.4%
MOH	Sell	MOLINA HEALTHCARE INCput	$344,000	-86.0%	5,000	-85.7%	0.09%	-85.9%
PEO	New	ADAM NAT RES FD INC	$298,000	–	16,400	–	0.08%	–
CFR	New	CULLEN FROST BANKERS INC	$286,000	–	4,500	–	0.08%	–
INSYQ	Sell	INSYS THERAPEUTICS INC NEWput	$285,000	-75.2%	10,000	-68.8%	0.08%	-74.8%
CELG	New	CELGENE CORP	$270,000	–	2,500	–	0.07%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLCput	$266,000	–	2,000	–	0.07%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$266,000	–	2,000	–	0.07%	–
INSYQ	New	INSYS THERAPEUTICS INC NEW	$239,000	–	8,400	–	0.06%	–
BKD	New	BROOKDALE SR LIVING INCcall	$230,000	–	10,000	–	0.06%	–
VSI	New	VITAMIN SHOPPE INC	$213,000	–	6,520	–	0.06%	–
NUAN	Sell	NUANCE COMMUNICATIONS INCcall	$180,000	-76.6%	11,000	-75.0%	0.05%	-76.6%
ZION	New	ZIONS BANCORPORATION	$165,000	–	6,000	–	0.04%	–
SWSH	Sell	SWISHER HYGIENE INC	$130,000	-18.8%	106,662	-29.8%	0.04%	-18.6%
HWC	New	HANCOCK HLDG CO	$95,000	–	3,500	–	0.03%	–
ESINQ	Sell	ITT EDUCATIONAL SERVICES INCcall	$69,000	-54.3%	20,000	-47.4%	0.02%	-52.5%
QCCO	Exit	QC HLDGS INC	$0	–	-11,500	–	-0.01%	–
OCR	Exit	OMNICARE INC	$0	–	-1,000	–	-0.02%	–
IMS	Exit	IMS HEALTH HLDGS INCput	$0	–	-10,000	–	-0.08%	–
HMST	Exit	HOMESTREET INC	$0	–	-15,785	–	-0.10%	–
PINC	Exit	PREMIER INCput	$0	–	-15,000	–	-0.15%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD COcall	$0	–	-5,000	–	-0.16%	–
MCK	Exit	MCKESSON CORPput	$0	–	-3,000	–	-0.18%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLput	$0	–	-3,500	–	-0.21%	–
EBIX	Exit	EBIX INCput	$0	–	-25,000	–	-0.22%	–
MKTX	Exit	MARKETAXESS HLDGS INCput	$0	–	-10,000	–	-0.25%	–
PB	Exit	PROSPERITY BANCSHARES INCput	$0	–	-16,400	–	-0.25%	–
INTU	Exit	INTUITput	$0	–	-10,000	–	-0.27%	–
TSRE	Exit	TRADE STR RESIDENTIAL INC	$0	–	-167,931	–	-0.30%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP INput	$0	–	-30,000	–	-0.33%	–
V	Exit	VISA INCput	$0	–	-20,000	–	-0.36%	–
HCP	Exit	HCP INCput	$0	–	-54,000	–	-0.52%	–
HCP	Exit	HCP INC	$0	–	-54,000	–	-0.52%	–
THOR	Exit	THORATEC CORP	$0	–	-57,304	–	-0.68%	–
OCR	Exit	OMNICARE INCput	$0	–	-37,600	–	-0.94%	–
IBB	Exit	ISHARES TRput	$0	–	-13,500	–	-1.32%	–
IWM	Exit	ISHARES TRput	$0	–	-40,000	–	-1.33%	–
IEF	Exit	ISHARES TRput	$0	–	-49,000	–	-1.37%	–

Q2 2015

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$19,350,000	–	94,000	–	5.14%	–
GS	New	GOLDMAN SACHS GROUP INC	$11,546,000	–	55,300	–	3.07%	–
KCG	New	KCG HLDGS INCcl a	$9,557,000	–	775,122	–	2.54%	–
BAC	New	BANK AMER CORP	$8,536,000	–	501,500	–	2.27%	–
PFE	New	PFIZER INC	$8,195,000	–	244,417	–	2.18%	–
CACC	New	CREDIT ACCEP CORP MICHput	$7,582,000	–	30,800	–	2.02%	–
PROV	New	PROVIDENT FINL HLDGS INC	$7,160,000	–	427,709	–	1.90%	–
COF	New	CAPITAL ONE FINL CORP	$7,082,000	–	80,500	–	1.88%	–
WU	New	WESTERN UN CO	$6,799,000	–	334,438	–	1.81%	–
FITB	New	FIFTH THIRD BANCORPcall	$6,783,000	–	325,800	–	1.80%	–
BAC	New	BANK AMER CORPcall	$6,740,000	–	396,000	–	1.79%	–
JPM	New	JPMORGAN CHASE & CO	$6,308,000	–	93,100	–	1.68%	–
RATE	New	BANKRATE INC DEL	$6,299,000	–	600,480	–	1.68%	–
XLV	New	SELECT SECTOR SPDR TRput	$5,951,000	–	80,000	–	1.58%	–
ENVA	New	ENOVA INTL INC	$5,740,000	–	307,297	–	1.53%	–
MRK	New	MERCK & CO INC NEW	$5,539,000	–	97,300	–	1.47%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$5,519,000	–	883,049	–	1.47%	–
NMIH	New	NMI HLDGS INCcl a	$5,450,000	–	679,534	–	1.45%	–
STI	New	SUNTRUST BKS INC	$5,326,000	–	123,800	–	1.42%	–
WFC	New	WELLS FARGO & CO NEW	$5,273,000	–	93,761	–	1.40%	–
IEF	New	ISHARES TRput	$5,145,000	–	49,000	–	1.37%	–
IWM	New	ISHARES TRput	$4,994,000	–	40,000	–	1.33%	–
IBB	New	ISHARES TRput	$4,981,000	–	13,500	–	1.32%	–
XLF	New	SELECT SECTOR SPDR TRcall	$4,876,000	–	200,000	–	1.30%	–
CI	New	CIGNA CORPORATIONput	$4,860,000	–	30,000	–	1.29%	–
XRAY	New	DENTSPLY INTL INC NEW	$4,835,000	–	93,800	–	1.29%	–
CHMI	New	CHERRY HILL MTG INVT CORP	$4,684,000	–	288,771	–	1.24%	–
CSH	New	CASH AMER INTL INC	$4,624,000	–	176,568	–	1.23%	–
JNJ	New	JOHNSON & JOHNSON	$4,610,000	–	47,300	–	1.23%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$4,232,000	–	67,200	–	1.12%	–
PDCO	New	PATTERSON COMPANIES INC	$4,138,000	–	85,064	–	1.10%	–
GPN	New	GLOBAL PMTS INCput	$4,138,000	–	40,000	–	1.10%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$4,114,000	–	234,950	–	1.09%	–
LH	New	LABORATORY CORP AMER HLDGS	$3,976,000	–	32,800	–	1.06%	–
HOLX	New	HOLOGIC INC	$3,973,000	–	104,400	–	1.06%	–
GNW	New	GENWORTH FINL INC	$3,850,000	–	508,609	–	1.02%	–
QQQ	New	POWERSHARES QQQ TRUSTput	$3,747,000	–	35,000	–	1.00%	–
CAH	New	CARDINAL HEALTH INC	$3,639,000	–	43,500	–	0.97%	–
FITB	New	FIFTH THIRD BANCORP	$3,591,000	–	172,500	–	0.96%	–
OCR	New	OMNICARE INCput	$3,544,000	–	37,600	–	0.94%	–
AMGN	New	AMGEN INCput	$3,531,000	–	23,000	–	0.94%	–
CERN	New	CERNER CORP	$3,453,000	–	50,000	–	0.92%	–
CVS	New	CVS HEALTH CORPput	$3,146,000	–	30,000	–	0.84%	–
KCG	New	KCG HLDGS INCput	$3,032,000	–	245,900	–	0.81%	–
GDX	New	MARKET VECTORS ETF TRcall	$3,019,000	–	170,000	–	0.80%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,002,000	–	169,600	–	0.80%	–
AVP	New	AVON PRODS INC	$2,986,000	–	477,055	–	0.79%	–
ELLI	New	ELLIE MAE INCput	$2,792,000	–	40,000	–	0.74%	–
JPMWS	New	JPMORGAN CHASE & CO*w exp 10/28/201	$2,715,000	–	109,683	–	0.72%	–
CSFL	New	CENTERSTATE BANKS INC	$2,659,000	–	196,851	–	0.71%	–
FBNC	New	FIRST BANCORP N C	$2,645,000	–	158,553	–	0.70%	–
ANTM	New	ANTHEM INCput	$2,626,000	–	16,000	–	0.70%	–
KCG	New	KCG HLDGS INCcall	$2,610,000	–	211,700	–	0.69%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$2,571,000	–	43,500	–	0.68%	–
THOR	New	THORATEC CORP	$2,554,000	–	57,304	–	0.68%	–
WOOF	New	VCA INC	$2,540,000	–	46,691	–	0.68%	–
ISRG	New	INTUITIVE SURGICAL INC	$2,534,000	–	5,230	–	0.67%	–
MOH	New	MOLINA HEALTHCARE INCput	$2,461,000	–	35,000	–	0.65%	–
GOLD	New	BARRICK GOLD CORPcall	$2,441,000	–	229,000	–	0.65%	–
XLF	New	SELECT SECTOR SPDR TRput	$2,438,000	–	100,000	–	0.65%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$2,351,000	–	36,900	–	0.62%	–
SNY	New	SANOFIsponsored adr	$2,184,000	–	44,100	–	0.58%	–
ABC	New	AMERISOURCEBERGEN CORPput	$2,127,000	–	20,000	–	0.57%	–
BOFI	New	BOFI HLDG INCput	$2,114,000	–	20,000	–	0.56%	–
DVA	New	DAVITA HEALTHCARE PARTNERS Icall	$1,987,000	–	25,000	–	0.53%	–
HCP	New	HCP INCput	$1,969,000	–	54,000	–	0.52%	–
HCP	New	HCP INC	$1,969,000	–	54,000	–	0.52%	–
NXTM	New	NXSTAGE MEDICAL INC	$1,851,000	–	129,564	–	0.49%	–
THC	New	TENET HEALTHCARE CORP	$1,823,000	–	31,500	–	0.48%	–
AVP	New	AVON PRODS INCcall	$1,803,000	–	288,000	–	0.48%	–
SAMG	New	SILVERCREST ASSET MGMT GROUPcl a	$1,788,000	–	127,148	–	0.48%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$1,787,000	–	100,600	–	0.48%	–
ZTS	New	ZOETIS INCcl a	$1,770,000	–	36,700	–	0.47%	–
COF	New	CAPITAL ONE FINL CORPcall	$1,759,000	–	20,000	–	0.47%	–
JMP	New	JMP GROUP LLC	$1,755,000	–	225,015	–	0.47%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,689,000	–	20,000	–	0.45%	–
FHI	New	FEDERATED INVS INC PAcl b	$1,654,000	–	49,385	–	0.44%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$1,629,000	–	20,500	–	0.43%	–
TRNX	New	TORNIER N V	$1,582,000	–	63,300	–	0.42%	–
CNMD	New	CONMED CORP	$1,538,000	–	26,400	–	0.41%	–
SPLS	New	STAPLES INC	$1,513,000	–	98,800	–	0.40%	–
CFR	New	CULLEN FROST BANKERS INCput	$1,501,000	–	19,100	–	0.40%	–
ENVA	New	ENOVA INTL INCcall	$1,478,000	–	79,100	–	0.39%	–
EHTH	New	EHEALTH INC	$1,452,000	–	114,388	–	0.39%	–
LM	New	LEGG MASON INC	$1,446,000	–	28,060	–	0.38%	–
HNGR	New	HANGER INC	$1,430,000	–	61,000	–	0.38%	–
JPM	New	JPMORGAN CHASE & COcall	$1,355,000	–	20,000	–	0.36%	–
V	New	VISA INCput	$1,343,000	–	20,000	–	0.36%	–
WETF	New	WISDOMTREE INVTS INC	$1,341,000	–	61,050	–	0.36%	–
RVSB	New	RIVERVIEW BANCORP INC	$1,312,000	–	306,532	–	0.35%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$1,270,000	–	92,823	–	0.34%	–
IBKR	New	INTERACTIVE BROKERS GROUP INput	$1,247,000	–	30,000	–	0.33%	–
STT	New	STATE STR CORP	$1,240,000	–	16,100	–	0.33%	–
INSYQ	New	INSYS THERAPEUTICS INC NEWput	$1,149,000	–	32,000	–	0.31%	–
TSRE	New	TRADE STR RESIDENTIAL INC	$1,118,000	–	167,931	–	0.30%	–
GNW	New	GENWORTH FINL INCcall	$1,048,000	–	138,500	–	0.28%	–
APOL	New	APOLLO ED GROUP INCcl a	$1,030,000	–	80,000	–	0.27%	–
LMAT	New	LEMAITRE VASCULAR INC	$1,024,000	–	84,900	–	0.27%	–
TAXA	New	LIBERTY TAX INCcl a	$1,012,000	–	40,880	–	0.27%	–
INTU	New	INTUITput	$1,008,000	–	10,000	–	0.27%	–
PB	New	PROSPERITY BANCSHARES INCput	$947,000	–	16,400	–	0.25%	–
MA	New	MASTERCARD INCput	$935,000	–	10,000	–	0.25%	–
MKTX	New	MARKETAXESS HLDGS INCput	$928,000	–	10,000	–	0.25%	–
APOL	New	APOLLO ED GROUP INCcall	$921,000	–	71,500	–	0.24%	–
EBIX	New	EBIX INCput	$815,000	–	25,000	–	0.22%	–
WBMD	New	WEBMD HEALTH CORP	$809,000	–	18,276	–	0.22%	–
VRX	New	VALEANT PHARMACEUTICALS INTLput	$778,000	–	3,500	–	0.21%	–
NUAN	New	NUANCE COMMUNICATIONS INCcall	$770,000	–	44,000	–	0.20%	–
RDEN	New	ELIZABETH ARDEN INC	$764,000	–	53,564	–	0.20%	–
EWBC	New	EAST WEST BANCORP INCput	$717,000	–	16,000	–	0.19%	–
SIVB	New	SVB FINL GROUPput	$720,000	–	5,000	–	0.19%	–
WW	New	WEIGHT WATCHERS INTL INC NEW	$713,000	–	146,923	–	0.19%	–
DHR	New	DANAHER CORP DEL	$685,000	–	8,000	–	0.18%	–
SSRG	New	SYMMETRY SURGICAL INC	$676,000	–	77,533	–	0.18%	–
MCK	New	MCKESSON CORPput	$674,000	–	3,000	–	0.18%	–
HWAY	New	HEALTHWAYS INC	$653,000	–	54,500	–	0.17%	–
CSLT	New	CASTLIGHT HEALTH INCcl b	$637,000	–	78,200	–	0.17%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$626,000	–	3,000	–	0.17%	–
GOLD	New	BARRICK GOLD CORP	$608,000	–	57,000	–	0.16%	–
CRCM	New	CARE COM INC	$607,000	–	102,476	–	0.16%	–
ARAY	New	ACCURAY INC	$603,000	–	89,500	–	0.16%	–
MNKKQ	New	MALLINCKRODT PUB LTD COcall	$589,000	–	5,000	–	0.16%	–
PINC	New	PREMIER INCput	$577,000	–	15,000	–	0.15%	–
XRAY	New	DENTSPLY INTL INC NEWcall	$516,000	–	10,000	–	0.14%	–
AMGN	New	AMGEN INC	$461,000	–	3,000	–	0.12%	–
HMST	New	HOMESTREET INC	$360,000	–	15,785	–	0.10%	–
AU	New	ANGLOGOLD ASHANTI LTDcall	$358,000	–	40,000	–	0.10%	–
LUXTY	New	LUXOTTICA GROUP S P Aput	$352,000	–	5,300	–	0.09%	–
CECO	New	CAREER EDUCATION CORP	$351,000	–	106,275	–	0.09%	–
IMS	New	IMS HEALTH HLDGS INCput	$307,000	–	10,000	–	0.08%	–
AU	New	ANGLOGOLD ASHANTI LTDsponsored adr	$273,000	–	30,500	–	0.07%	–
MO	New	ALTRIA GROUP INC	$245,000	–	5,000	–	0.06%	–
SWSH	New	SWISHER HYGIENE INC	$160,000	–	151,970	–	0.04%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INCcall	$151,000	–	38,000	–	0.04%	–
WW	New	WEIGHT WATCHERS INTL INC NEWcall	$97,000	–	20,000	–	0.03%	–
OCR	New	OMNICARE INC	$94,000	–	1,000	–	0.02%	–
HH	New	HOOPER HOLMES INC	$92,000	–	481,487	–	0.02%	–
QCCO	New	QC HLDGS INC	$22,000	–	11,500	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
MO	Exit	ALTRIA GROUP INC	$0	–	-5,000	–	-0.05%	–
INBK	Exit	FIRST INTERNET BANCORP	$0	–	-14,939	–	-0.06%	–
PRSC	Exit	PROVIDENCE SVC CORPput	$0	–	-5,000	–	-0.06%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INC	$0	–	-59,100	–	-0.06%	–
HH	Exit	HOOPER HOLMES INC	$0	–	-481,487	–	-0.07%	–
AU	Exit	ANGLOGOLD ASHANTI LTDcall	$0	–	-25,000	–	-0.07%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-8,100	–	-0.07%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-22,823	–	-0.07%	–
HCP	Exit	HCP INC	$0	–	-9,000	–	-0.08%	–
CECO	Exit	CAREER EDUCATION CORP	$0	–	-69,775	–	-0.08%	–
AU	Exit	ANGLOGOLD ASHANTI LTDsponsored adr	$0	–	-30,500	–	-0.08%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-5,000	–	-0.08%	–
DDR	Exit	DDR CORP	$0	–	-23,600	–	-0.09%	–
AET	Exit	AETNA INC NEWput	$0	–	-5,000	–	-0.09%	–
DBD	Exit	DIEBOLD INC	$0	–	-12,100	–	-0.10%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-7,500	–	-0.10%	–
SWSH	Exit	SWISHER HYGIENE INC	$0	–	-151,970	–	-0.10%	–
VTR	Exit	VENTAS INC	$0	–	-8,000	–	-0.11%	–
ABAX	Exit	ABAXIS INCput	$0	–	-9,800	–	-0.11%	–
PMC	Exit	PHARMERICA CORP	$0	–	-20,500	–	-0.11%	–
RDEN	Exit	ELIZABETH ARDEN INC	$0	–	-30,000	–	-0.11%	–
AZN	Exit	ASTRAZENECA PLCput	$0	–	-7,000	–	-0.11%	–
BBSI	Exit	BARRETT BUSINESS SERVICES INput	$0	–	-13,500	–	-0.12%	–
BAX	Exit	BAXTER INTL INC	$0	–	-8,000	–	-0.13%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-39,500	–	-0.13%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-84,900	–	-0.13%	–
LHCG	Exit	LHC GROUP INC	$0	–	-26,168	–	-0.14%	–
CUTR	Exit	CUTERA INC	$0	–	-60,745	–	-0.14%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-20,000	–	-0.16%	–
TAXA	Exit	LIBERTY TAX INCcl a	$0	–	-21,518	–	-0.16%	–
SC	Exit	SANTANDER CONSUMER USA HDG Icall	$0	–	-42,700	–	-0.17%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-18,276	–	-0.17%	–
ENV	Exit	ENVESTNET INCput	$0	–	-17,000	–	-0.17%	–
ABT	Exit	ABBOTT LABSput	$0	–	-20,000	–	-0.19%	–
PODD	Exit	INSULET CORP	$0	–	-22,567	–	-0.19%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-13,500	–	-0.19%	–
UNH	Exit	UNITEDHEALTH GROUP INCput	$0	–	-10,000	–	-0.20%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INCcall	$0	–	-205,000	–	-0.20%	–
HRB	Exit	BLOCK H & R INC	$0	–	-30,000	–	-0.21%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-16,000	–	-0.22%	–
CNMD	Exit	CONMED CORP	$0	–	-26,400	–	-0.22%	–
EHTH	Exit	EHEALTH INC	$0	–	-40,500	–	-0.22%	–
MCK	Exit	MCKESSON CORPput	$0	–	-5,000	–	-0.22%	–
DLX	Exit	DELUXE CORPput	$0	–	-19,300	–	-0.24%	–
GCAP	Exit	GAIN CAP HLDGS INC	$0	–	-169,864	–	-0.25%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS Iput	$0	–	-15,000	–	-0.25%	–
SPLS	Exit	STAPLES INC	$0	–	-92,001	–	-0.25%	–
APOL	Exit	APOLLO ED GROUP INCcl a	$0	–	-45,000	–	-0.26%	–
FRT	Exit	FEDERAL REALTY INVT TRput	$0	–	-10,000	–	-0.27%	–
THOR	Exit	THORATEC CORPcall	$0	–	-45,400	–	-0.28%	–
HOLX	Exit	HOLOGIC INCcall	$0	–	-50,000	–	-0.28%	–
FDS	Exit	FACTSET RESH SYS INCput	$0	–	-10,000	–	-0.28%	–
JMP	Exit	JMP GROUP INC	$0	–	-195,196	–	-0.28%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEWcall	$0	–	-46,000	–	-0.29%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-61,500	–	-0.30%	–
AMTG	Exit	APOLLO RESIDENTIAL MTG INC	$0	–	-86,600	–	-0.30%	–
WETF	Exit	WISDOMTREE INVTS INC	$0	–	-119,200	–	-0.31%	–
DDR	Exit	DDR CORPput	$0	–	-82,000	–	-0.31%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-49,385	–	-0.33%	–
SPLS	Exit	STAPLES INCcall	$0	–	-121,600	–	-0.34%	–
MA	Exit	MASTERCARD INCput	$0	–	-20,000	–	-0.34%	–
CERN	Exit	CERNER CORPcall	$0	–	-25,000	–	-0.34%	–
CERN	Exit	CERNER CORP	$0	–	-25,000	–	-0.34%	–
TRNX	Exit	TORNIER N V	$0	–	-63,300	–	-0.34%	–
CI	Exit	CIGNA CORPORATIONput	$0	–	-17,000	–	-0.35%	–
VTR	Exit	VENTAS INCput	$0	–	-25,000	–	-0.35%	–
STT	Exit	STATE STR CORP	$0	–	-21,100	–	-0.35%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-398,942	–	-0.36%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEW	$0	–	-59,023	–	-0.37%	–
STT	Exit	STATE STR CORPput	$0	–	-22,000	–	-0.37%	–
COF	Exit	CAPITAL ONE FINL CORPcall	$0	–	-20,000	–	-0.37%	–
V	Exit	VISA INCcall	$0	–	-7,700	–	-0.37%	–
SMA	Exit	SYMMETRY MED INC	$0	–	-165,009	–	-0.38%	–
ELLI	Exit	ELLIE MAE INCput	$0	–	-51,500	–	-0.38%	–
OHI	Exit	OMEGA HEALTHCARE INVS INCput	$0	–	-50,000	–	-0.39%	–
HCA	Exit	HCA HOLDINGS INCput	$0	–	-25,000	–	-0.40%	–
WAG	Exit	WALGREEN CO	$0	–	-30,000	–	-0.40%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-138,064	–	-0.41%	–
ZTS	Exit	ZOETIS INCput	$0	–	-50,000	–	-0.42%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-129,000	–	-0.43%	–
XRAY	Exit	DENTSPLY INTL INC NEW	$0	–	-43,800	–	-0.46%	–
LH	Exit	LABORATORY CORP AMER HLDGSput	$0	–	-20,000	–	-0.46%	–
CSFL	Exit	CENTERSTATE BANKS INC	$0	–	-196,851	–	-0.46%	–
HCP	Exit	HCP INCput	$0	–	-51,500	–	-0.47%	–
NUAN	Exit	NUANCE COMMUNICATIONS INCcall	$0	–	-137,500	–	-0.48%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-179,600	–	-0.48%	–
ZTS	Exit	ZOETIS INCcall	$0	–	-59,300	–	-0.50%	–
XRAY	Exit	DENTSPLY INTL INC NEWcall	$0	–	-50,000	–	-0.52%	–
TSRE	Exit	TRADE STR RESIDENTIAL INC	$0	–	-321,835	–	-0.52%	–
LM	Exit	LEGG MASON INC	$0	–	-45,860	–	-0.53%	–
AVP	Exit	AVON PRODS INC	$0	–	-187,155	–	-0.54%	–
MAC	Exit	MACERICH COput	$0	–	-37,200	–	-0.54%	–
V107SC	Exit	WELLPOINT INCput	$0	–	-20,000	–	-0.54%	–
PDCO	Exit	PATTERSON COMPANIES INCcall	$0	–	-58,000	–	-0.55%	–
DBD	Exit	DIEBOLD INCput	$0	–	-70,400	–	-0.57%	–
AVP	Exit	AVON PRODS INCcall	$0	–	-200,500	–	-0.58%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-158,553	–	-0.58%	–
LH	Exit	LABORATORY CORP AMER HLDGScall	$0	–	-25,000	–	-0.58%	–
SCHW	Exit	SCHWAB CHARLES CORP NEWput	$0	–	-87,000	–	-0.58%	–
WOOF	Exit	VCA INC	$0	–	-65,191	–	-0.58%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-37,900	–	-0.62%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-15,000	–	-0.63%	–
HOLX	Exit	HOLOGIC INC	$0	–	-116,500	–	-0.64%	–
IWM	Exit	ISHARES TRput	$0	–	-26,500	–	-0.66%	–
HCN	Exit	HEALTH CARE REIT INCput	$0	–	-47,000	–	-0.67%	–
GDX	Exit	MARKET VECTORS ETF TRcall	$0	–	-137,600	–	-0.67%	–
JPMWS	Exit	JPMORGAN CHASE & CO*w exp 10/28/201	$0	–	-149,385	–	-0.68%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-200,950	–	-0.71%	–
HRB	Exit	BLOCK H & R INCput	$0	–	-100,000	–	-0.71%	–
THOR	Exit	THORATEC CORP	$0	–	-116,004	–	-0.71%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-6,950	–	-0.73%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-77,564	–	-0.73%	–
CELG	Exit	CELGENE CORPput	$0	–	-34,000	–	-0.73%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-39,500	–	-0.73%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-66,500	–	-0.81%	–
HMST	Exit	HOMESTREET INC	$0	–	-212,188	–	-0.83%	–
CPSS	Exit	CONSUMER PORTFOLIO SVCS INC	$0	–	-585,427	–	-0.86%	–
JPM	Exit	JPMORGAN CHASE & COcall	$0	–	-62,500	–	-0.86%	–
GNW	Exit	GENWORTH FINL INCcall	$0	–	-289,000	–	-0.86%	–
WU	Exit	WESTERN UN COcall	$0	–	-264,000	–	-0.96%	–
GNW	Exit	GENWORTH FINL INC	$0	–	-323,609	–	-0.96%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-80,200	–	-1.00%	–
PROV	Exit	PROVIDENT FINL HLDGS INC	$0	–	-314,455	–	-1.04%	–
CHMI	Exit	CHERRY HILL MTG INVT CORP	$0	–	-251,060	–	-1.07%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-46,800	–	-1.08%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-93,761	–	-1.11%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP IN	$0	–	-194,789	–	-1.11%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-47,300	–	-1.15%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-137,600	–	-1.19%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-89,800	–	-1.21%	–
KCG	Exit	KCG HLDGS INCcl a	$0	–	-529,844	–	-1.22%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-72,500	–	-1.24%	–
MDT	Exit	MEDTRONIC INC	$0	–	-91,455	–	-1.29%	–
IBB	Exit	ISHARES TRput	$0	–	-21,000	–	-1.31%	–
PFE	Exit	PFIZER INC	$0	–	-194,317	–	-1.31%	–
BAC	Exit	BANK AMER CORP	$0	–	-405,900	–	-1.58%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-127,600	–	-1.75%	–
KCG	Exit	KCG HLDGS INCcall	$0	–	-801,100	–	-1.85%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-500,000	–	-1.94%	–
CSH	Exit	CASH AMER INTL INC	$0	–	-195,250	–	-1.95%	–
WU	Exit	WESTERN UN CO	$0	–	-584,538	–	-2.14%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-508,200	–	-2.68%	–
ABC	Exit	AMERISOURCEBERGEN CORPput	$0	–	-157,000	–	-2.76%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-81,200	–	-3.40%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-262,000	–	-3.81%	–
IEF	Exit	ISHARES TRput	$0	–	-195,000	–	-4.60%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-246,600	–	-11.06%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRput	$48,585,000	-30.7%	246,600	-31.1%	11.06%	-32.2%
IEF	Buy	ISHARES TRput	$20,206,000	+13.1%	195,000	+13.0%	4.60%	+10.5%
XLV	Buy	SELECT SECTOR SPDR TRput	$16,744,000	+61.9%	262,000	+54.1%	3.81%	+58.3%
ABC	Buy	AMERISOURCEBERGEN CORPput	$12,136,000	+271.1%	157,000	+248.9%	2.76%	+262.7%
XLF	Sell	SELECT SECTOR SPDR TRcall	$11,775,000	-23.2%	508,200	-24.6%	2.68%	-24.9%
WU	Sell	WESTERN UN CO	$9,376,000	-9.8%	584,538	-2.5%	2.14%	-11.8%
CSH	Buy	CASH AMER INTL INC	$8,552,000	+8.4%	195,250	+10.0%	1.95%	+6.0%
BAC	Buy	BANK AMER CORPcall	$8,525,000	+84.9%	500,000	+66.7%	1.94%	+80.7%
KCG	Buy	KCG HLDGS INCcall	$8,115,000	+82.9%	801,100	+114.5%	1.85%	+78.7%
IBB	New	ISHARES TRput	$5,746,000	–	21,000	–	1.31%	–
MDT	Buy	MEDTRONIC INC	$5,666,000	+37.9%	91,455	+41.9%	1.29%	+34.7%
CAH	Sell	CARDINAL HEALTH INC	$5,432,000	-4.5%	72,500	-12.7%	1.24%	-6.7%
KCG	Buy	KCG HLDGS INCcl a	$5,367,000	+11.8%	529,844	+31.2%	1.22%	+9.3%
STI	Sell	SUNTRUST BKS INC	$5,233,000	-8.4%	137,600	-3.5%	1.19%	-10.4%
IBKR	Sell	INTERACTIVE BROKERS GROUP IN	$4,860,000	-8.4%	194,789	-14.5%	1.11%	-10.4%
LH	Buy	LABORATORY CORP AMER HLDGS	$4,762,000	+9.9%	46,800	+10.6%	1.08%	+7.4%
PROV	Buy	PROVIDENT FINL HLDGS INC	$4,588,000	+16.4%	314,455	+16.1%	1.04%	+13.8%
CYH	Buy	COMMUNITY HEALTH SYS INC NEW	$4,394,000	+71.4%	80,200	+41.9%	1.00%	+67.7%
WU	Sell	WESTERN UN COcall	$4,235,000	-33.9%	264,000	-28.6%	0.96%	-35.4%
GNW	New	GENWORTH FINL INCcall	$3,786,000	–	289,000	–	0.86%	–
JPM	Sell	JPMORGAN CHASE & COcall	$3,765,000	-18.3%	62,500	-21.9%	0.86%	-20.2%
CPSS	Buy	CONSUMER PORTFOLIO SVCS INC	$3,753,000	+216.2%	585,427	+275.7%	0.86%	+208.7%
HMST	Buy	HOMESTREET INC	$3,626,000	+1.4%	212,188	+9.0%	0.83%	-0.8%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$3,574,000	-19.8%	66,500	-21.8%	0.81%	-21.6%
CELG	Sell	CELGENE CORPput	$3,223,000	-21.8%	34,000	-29.2%	0.73%	-23.5%
THOR	Buy	THORATEC CORP	$3,101,000	+2.9%	116,004	+34.1%	0.71%	+0.6%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$3,098,000	+30.6%	200,950	+58.9%	0.71%	+27.7%
HRB	New	BLOCK H & R INCput	$3,101,000	–	100,000	–	0.71%	–
GDX	Buy	MARKET VECTORS ETF TRcall	$2,939,000	-5.5%	137,600	+17.0%	0.67%	-7.7%
HCN	New	HEALTH CARE REIT INCput	$2,931,000	–	47,000	–	0.67%	–
IWM	Sell	ISHARES TRput	$2,898,000	-75.6%	26,500	-73.5%	0.66%	-76.2%
HOLX	Buy	HOLOGIC INC	$2,834,000	+206.4%	116,500	+219.2%	0.64%	+198.6%
GS	Sell	GOLDMAN SACHS GROUP INCcall	$2,754,000	-63.5%	15,000	-66.7%	0.63%	-64.3%
WOOF	Sell	VCA INC	$2,564,000	-0.9%	65,191	-11.5%	0.58%	-3.2%
SCHW	New	SCHWAB CHARLES CORP NEWput	$2,557,000	–	87,000	–	0.58%	–
AVP	Buy	AVON PRODS INCcall	$2,526,000	+4.5%	200,500	+21.1%	0.58%	+2.1%
DBD	Buy	DIEBOLD INCput	$2,487,000	+53.2%	70,400	+74.3%	0.57%	+49.7%
V107SC	Sell	WELLPOINT INCput	$2,392,000	-65.8%	20,000	-69.2%	0.54%	-66.6%
MAC	Buy	MACERICH COput	$2,374,000	+48.2%	37,200	+55.0%	0.54%	+45.0%
AVP	Buy	AVON PRODS INC	$2,358,000	+6.1%	187,155	+23.0%	0.54%	+3.7%
LM	Sell	LEGG MASON INC	$2,346,000	-10.1%	45,860	-9.8%	0.53%	-12.2%
TSRE	Sell	TRADE STR RESIDENTIAL INC	$2,298,000	-14.6%	321,835	-10.5%	0.52%	-16.6%
XRAY	New	DENTSPLY INTL INC NEWcall	$2,280,000	–	50,000	–	0.52%	–
NUAN	Sell	NUANCE COMMUNICATIONS INCcall	$2,120,000	-28.1%	137,500	-12.4%	0.48%	-29.7%
HCP	New	HCP INCput	$2,045,000	–	51,500	–	0.47%	–
CSFL	Buy	CENTERSTATE BANKS INC	$2,037,000	-7.1%	196,851	+0.6%	0.46%	-9.2%
LH	New	LABORATORY CORP AMER HLDGSput	$2,035,000	–	20,000	–	0.46%	–
GOLD	Buy	BARRICK GOLD CORPcall	$1,891,000	+49.7%	129,000	+87.0%	0.43%	+46.6%
ZTS	New	ZOETIS INCput	$1,848,000	–	50,000	–	0.42%	–
WAG	Buy	WALGREEN CO	$1,778,000	+19.9%	30,000	+50.0%	0.40%	+17.1%
HCA	New	HCA HOLDINGS INCput	$1,763,000	–	25,000	–	0.40%	–
OHI	New	OMEGA HEALTHCARE INVS INCput	$1,710,000	–	50,000	–	0.39%	–
ELLI	Buy	ELLIE MAE INCput	$1,679,000	+377.0%	51,500	+355.8%	0.38%	+365.9%
SMA	Buy	SYMMETRY MED INC	$1,665,000	+345.2%	165,009	+291.0%	0.38%	+335.6%
V	New	VISA INCcall	$1,643,000	–	7,700	–	0.37%	–
STT	New	STATE STR CORPput	$1,619,000	–	22,000	–	0.37%	–
WW	Sell	WEIGHT WATCHERS INTL INC NEW	$1,620,000	+2.3%	59,023	-24.8%	0.37%	0.0%
STT	Sell	STATE STR CORP	$1,553,000	-11.5%	21,100	-19.2%	0.35%	-13.4%
VTR	New	VENTAS INCput	$1,549,000	–	25,000	–	0.35%	–
CI	Sell	CIGNA CORPORATIONput	$1,542,000	-23.8%	17,000	-22.7%	0.35%	-25.5%
CERN	New	CERNER CORP	$1,489,000	–	25,000	–	0.34%	–
CERN	New	CERNER CORPcall	$1,489,000	–	25,000	–	0.34%	–
SPLS	Sell	STAPLES INCcall	$1,471,000	-20.9%	121,600	-29.1%	0.34%	-22.6%
DDR	New	DDR CORPput	$1,372,000	–	82,000	–	0.31%	–
WETF	Buy	WISDOMTREE INVTS INC	$1,356,000	+22.9%	119,200	+33.6%	0.31%	+20.2%
GDX	Buy	MARKET VECTORS ETF TRgold miner etf	$1,313,000	+11.6%	61,500	+38.2%	0.30%	+9.1%
WW	Sell	WEIGHT WATCHERS INTL INC NEWcall	$1,262,000	-38.0%	46,000	-54.5%	0.29%	-39.6%
JMP	Buy	JMP GROUP INC	$1,224,000	+124.2%	195,196	+170.8%	0.28%	+119.7%
HOLX	Sell	HOLOGIC INCcall	$1,217,000	-63.1%	50,000	-61.5%	0.28%	-63.9%
FDS	New	FACTSET RESH SYS INCput	$1,215,000	–	10,000	–	0.28%	–
THOR	Buy	THORATEC CORPcall	$1,214,000	+99.0%	45,400	+159.4%	0.28%	+94.4%
FRT	New	FEDERAL REALTY INVT TRput	$1,185,000	–	10,000	–	0.27%	–
APOL	Sell	APOLLO ED GROUP INCcl a	$1,132,000	-27.6%	45,000	-10.0%	0.26%	-29.1%
SPLS	Sell	STAPLES INC	$1,113,000	+0.2%	92,001	-10.2%	0.25%	-2.3%
DVA	New	DAVITA HEALTHCARE PARTNERS Iput	$1,097,000	–	15,000	–	0.25%	–
GCAP	New	GAIN CAP HLDGS INC	$1,082,000	–	169,864	–	0.25%	–
CNMD	New	CONMED CORP	$973,000	–	26,400	–	0.22%	–
EHTH	New	EHEALTH INC	$977,000	–	40,500	–	0.22%	–
MCK	Sell	MCKESSON CORPput	$973,000	-52.9%	5,000	-55.0%	0.22%	-53.9%
DGX	Sell	QUEST DIAGNOSTICS INC	$971,000	-29.6%	16,000	-31.9%	0.22%	-31.2%
HRB	New	BLOCK H & R INC	$930,000	–	30,000	–	0.21%	–
ESINQ	Buy	ITT EDUCATIONAL SERVICES INCcall	$879,000	-9.9%	205,000	+250.4%	0.20%	-11.9%
UNH	New	UNITEDHEALTH GROUP INCput	$863,000	–	10,000	–	0.20%	–
HCN	New	HEALTH CARE REIT INC	$842,000	–	13,500	–	0.19%	–
PODD	New	INSULET CORP	$832,000	–	22,567	–	0.19%	–
SC	Buy	SANTANDER CONSUMER USA HDG Icall	$760,000	+73.9%	42,700	+89.8%	0.17%	+69.6%
TAXA	New	LIBERTY TAX INCcl a	$695,000	–	21,518	–	0.16%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$684,000	–	20,000	–	0.16%	–
GOLD	Sell	BARRICK GOLD CORP	$579,000	-29.2%	39,500	-11.6%	0.13%	-30.9%
BBSI	New	BARRETT BUSINESS SERVICES INput	$533,000	–	13,500	–	0.12%	–
RDEN	New	ELIZABETH ARDEN INC	$502,000	–	30,000	–	0.11%	–
AZN	Sell	ASTRAZENECA PLCput	$500,000	-61.5%	7,000	-60.0%	0.11%	-62.4%
ABAX	New	ABAXIS INCput	$497,000	–	9,800	–	0.11%	–
VTR	New	VENTAS INC	$496,000	–	8,000	–	0.11%	–
SWSH	Buy	SWISHER HYGIENE INC	$462,000	-18.7%	151,970	+15.1%	0.10%	-20.5%
THC	Sell	TENET HEALTHCARE CORP	$445,000	-34.7%	7,500	-48.3%	0.10%	-36.5%
DBD	New	DIEBOLD INC	$427,000	–	12,100	–	0.10%	–
AET	New	AETNA INC NEWput	$405,000	–	5,000	–	0.09%	–
DDR	New	DDR CORP	$395,000	–	23,600	–	0.09%	–
MA	New	MASTERCARD INCcl a	$370,000	–	5,000	–	0.08%	–
AU	Buy	ANGLOGOLD ASHANTI LTDsponsored adr	$366,000	-29.1%	30,500	+1.7%	0.08%	-30.8%
CECO	New	CAREER EDUCATION CORP	$354,000	–	69,775	–	0.08%	–
HCP	New	HCP INC	$357,000	–	9,000	–	0.08%	–
ESINQ	Buy	ITT EDUCATIONAL SERVICES INC	$254,000	-39.7%	59,100	+134.5%	0.06%	-40.8%
INBK	Sell	FIRST INTERNET BANCORP	$241,000	-24.7%	14,939	-3.9%	0.06%	-26.7%
PRSC	New	PROVIDENCE SVC CORPput	$242,000	–	5,000	–	0.06%	–
V107SC	Exit	WELLPOINT INC	$0	–	-500	–	-0.01%	–
BP	Exit	BP PLCsponsored adr	$0	–	-4,425	–	-0.05%	–
BOH	Exit	BANK HAWAII CORPput	$0	–	-4,000	–	-0.06%	–
SKH	Exit	SKILLED HEALTHCARE GROUP INCcl a	$0	–	-38,217	–	-0.06%	–
MOH	Exit	MOLINA HEALTHCARE INCput	$0	–	-7,000	–	-0.07%	–
WFCWS	Exit	WELLS FARGO & CO NEW*w exp 10/28/201	$0	–	-19,270	–	-0.10%	–
B108PS	Exit	ACTAVIS PLCcall	$0	–	-2,000	–	-0.10%	–
FAF	Exit	FIRST AMERN FINL CORPput	$0	–	-17,500	–	-0.11%	–
ISRG	Exit	INTUITIVE SURGICAL INCcall	$0	–	-1,500	–	-0.14%	–
GFIG	Exit	GFI GROUP INC	$0	–	-221,586	–	-0.17%	–
EEFT	Exit	EURONET WORLDWIDE INCput	$0	–	-17,000	–	-0.19%	–
HNT	Exit	HEALTH NET INCput	$0	–	-20,000	–	-0.19%	–
CVD	Exit	COVANCE INC	$0	–	-11,300	–	-0.22%	–
V	Exit	VISA INCput	$0	–	-5,000	–	-0.25%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-57,438	–	-0.28%	–
FNBCQ	Exit	FIRST NBC BK HLDG CO	$0	–	-37,443	–	-0.29%	–
TAX	Exit	JTH HLDG INCcl a	$0	–	-40,445	–	-0.31%	–
CVD	Exit	COVANCE INCput	$0	–	-16,200	–	-0.32%	–
CLGX	Exit	CORELOGIC INCput	$0	–	-60,000	–	-0.42%	–
Z	Exit	ZILLOW INCput	$0	–	-15,000	–	-0.50%	–
BOFI	Exit	BOFI HLDG INC	$0	–	-29,500	–	-0.50%	–
BOFI	Exit	BOFI HLDG INCput	$0	–	-29,500	–	-0.50%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEWcall	$0	–	-48,200	–	-0.51%	–
IWM	Exit	ISHAREScall	$0	–	-20,000	–	-0.55%	–
MDT	Exit	MEDTRONIC INCcall	$0	–	-51,000	–	-0.76%	–

Q2 2014

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$70,068,000	–	358,000	–	16.32%	–
IEF	New	ISHARESput	$17,868,000	–	172,500	–	4.16%	–
XLF	New	SELECT SECTOR SPDR TRcall	$15,336,000	–	674,400	–	3.57%	–
GS	New	GOLDMAN SACHS GROUP INC	$13,596,000	–	81,200	–	3.17%	–
IWM	New	ISHARESput	$11,881,000	–	100,000	–	2.77%	–
WU	New	WESTERN UN CO	$10,396,000	–	599,538	–	2.42%	–
XLV	New	SELECT SECTOR SPDR TRput	$10,341,000	–	170,000	–	2.41%	–
CSH	New	CASH AMER INTL INC	$7,888,000	–	177,545	–	1.84%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$7,535,000	–	45,000	–	1.76%	–
JPM	New	JPMORGAN CHASE & CO	$7,352,000	–	127,600	–	1.71%	–
V107SC	New	WELLPOINT INCput	$6,995,000	–	65,000	–	1.63%	–
WU	New	WESTERN UN COcall	$6,409,000	–	369,600	–	1.49%	–
BAC	New	BANK OF AMERICA CORPORATION	$6,239,000	–	405,900	–	1.45%	–
PFE	New	PFIZER INC	$5,767,000	–	194,317	–	1.34%	–
STI	New	SUNTRUST BKS INC	$5,713,000	–	142,600	–	1.33%	–
CAH	New	CARDINAL HEALTH INC	$5,690,000	–	83,000	–	1.33%	–
GNW	New	GENWORTH FINL INC	$5,631,000	–	323,609	–	1.31%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$5,305,000	–	227,789	–	1.24%	–
MRK	New	MERCK & CO INC NEW	$5,195,000	–	89,800	–	1.21%	–
CHMI	New	CHERRY HILL MTG INVT CORP	$5,034,000	–	251,060	–	1.17%	–
JNJ	New	JOHNSON & JOHNSON	$4,949,000	–	47,300	–	1.15%	–
WFC	New	WELLS FARGO & CO NEW	$4,928,000	–	93,761	–	1.15%	–
KCG	New	KCG HLDGS INCcl a	$4,799,000	–	403,960	–	1.12%	–
JPM	New	JPMORGAN CHASE & COcall	$4,610,000	–	80,000	–	1.07%	–
BAC	New	BANK OF AMERICA CORPORATIONcall	$4,611,000	–	300,000	–	1.07%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$4,456,000	–	85,000	–	1.04%	–
KCG	New	KCG HLDGS INCcall	$4,436,000	–	373,400	–	1.03%	–
LH	New	LABORATORY CORP AMER HLDGS	$4,332,000	–	42,300	–	1.01%	–
CELG	New	CELGENE CORPput	$4,122,000	–	48,000	–	0.96%	–
MDT	New	MEDTRONIC INC	$4,110,000	–	64,455	–	0.96%	–
PROV	New	PROVIDENT FINL HLDGS INC	$3,940,000	–	270,953	–	0.92%	–
HMST	New	HOMESTREET INC	$3,576,000	–	194,682	–	0.83%	–
HOLX	New	HOLOGIC INCcall	$3,296,000	–	130,000	–	0.77%	–
ABC	New	AMERISOURCEBERGEN CORPput	$3,270,000	–	45,000	–	0.76%	–
COF	New	CAPITAL ONE FINL CORP	$3,263,000	–	39,500	–	0.76%	–
MDT	New	MEDTRONIC INCcall	$3,252,000	–	51,000	–	0.76%	–
GDX	New	MARKET VECTORS ETF TRcall	$3,111,000	–	117,600	–	0.72%	–
PDCO	New	PATTERSON COMPANIES INC	$3,065,000	–	77,564	–	0.71%	–
THOR	New	THORATEC CORP	$3,015,000	–	86,500	–	0.70%	–
NUAN	New	NUANCE COMMUNICATIONS INCcall	$2,947,000	–	157,000	–	0.69%	–
FBNC	New	FIRST BANCORP N C	$2,909,000	–	158,553	–	0.68%	–
JPMWS	New	JPMORGAN CHASE & CO*w exp 10/28/201	$2,888,000	–	149,385	–	0.67%	–
ISRG	New	INTUITIVE SURGICAL INC	$2,862,000	–	6,950	–	0.67%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$2,816,000	–	37,900	–	0.66%	–
TSRE	New	TRADE STR RESIDENTIAL INC	$2,692,000	–	359,456	–	0.63%	–
LM	New	LEGG MASON INC	$2,610,000	–	50,860	–	0.61%	–
WOOF	New	VCA INC	$2,586,000	–	73,691	–	0.60%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$2,563,000	–	56,500	–	0.60%	–
LH	New	LABORATORY CORP AMER HLDGScall	$2,560,000	–	25,000	–	0.60%	–
AVP	New	AVON PRODS INCcall	$2,418,000	–	165,500	–	0.56%	–
IWM	New	ISHAREScall	$2,376,000	–	20,000	–	0.55%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,373,000	–	126,450	–	0.55%	–
PDCO	New	PATTERSON COMPANIES INCcall	$2,292,000	–	58,000	–	0.53%	–
BSX	New	BOSTON SCIENTIFIC CORP	$2,293,000	–	179,600	–	0.53%	–
AVP	New	AVON PRODS INC	$2,223,000	–	152,155	–	0.52%	–
CSFL	New	CENTERSTATE BANKS INC	$2,192,000	–	195,751	–	0.51%	–
CYH	New	COMMUNITY HEALTH SYS INC NEWcall	$2,187,000	–	48,200	–	0.51%	–
BOFI	New	BOFI HLDG INC	$2,167,000	–	29,500	–	0.50%	–
BOFI	New	BOFI HLDG INCput	$2,167,000	–	29,500	–	0.50%	–
Z	New	ZILLOW INCput	$2,144,000	–	15,000	–	0.50%	–
XRAY	New	DENTSPLY INTL INC NEW	$2,074,000	–	43,800	–	0.48%	–
MCK	New	MCKESSON CORPput	$2,067,000	–	11,100	–	0.48%	–
WW	New	WEIGHT WATCHERS INTL INC NEWcall	$2,037,000	–	101,000	–	0.48%	–
CI	New	CIGNA CORPORATIONput	$2,023,000	–	22,000	–	0.47%	–
NXTM	New	NXSTAGE MEDICAL INC	$1,984,000	–	138,064	–	0.46%	–
ZTS	New	ZOETIS INCcall	$1,914,000	–	59,300	–	0.45%	–
SPLS	New	STAPLES INCcall	$1,860,000	–	171,600	–	0.43%	–
CLGX	New	CORELOGIC INCput	$1,822,000	–	60,000	–	0.42%	–
STT	New	STATE STR CORP	$1,755,000	–	26,100	–	0.41%	–
COF	New	CAPITAL ONE FINL CORPcall	$1,652,000	–	20,000	–	0.38%	–
DBD	New	DIEBOLD INCput	$1,623,000	–	40,400	–	0.38%	–
MAC	New	MACERICH COput	$1,602,000	–	24,000	–	0.37%	–
WW	New	WEIGHT WATCHERS INTL INC NEW	$1,584,000	–	78,523	–	0.37%	–
APOL	New	APOLLO ED GROUP INCcl a	$1,563,000	–	50,000	–	0.36%	–
RVSB	New	RIVERVIEW BANCORP INC	$1,548,000	–	398,942	–	0.36%	–
FHI	New	FEDERATED INVS INC PAcl b	$1,527,000	–	49,385	–	0.36%	–
WAG	New	WALGREEN CO	$1,483,000	–	20,000	–	0.35%	–
TRNX	New	TORNIER N V	$1,480,000	–	63,300	–	0.34%	–
MA	New	MASTERCARD INCput	$1,469,000	–	20,000	–	0.34%	–
AMTG	New	APOLLO RESIDENTIAL MTG INC	$1,448,000	–	86,600	–	0.34%	–
CVD	New	COVANCE INCput	$1,386,000	–	16,200	–	0.32%	–
DGX	New	QUEST DIAGNOSTICS INC	$1,379,000	–	23,500	–	0.32%	–
TAX	New	JTH HLDG INCcl a	$1,347,000	–	40,445	–	0.31%	–
AZN	New	ASTRAZENECA PLCput	$1,300,000	–	17,500	–	0.30%	–
GOLD	New	BARRICK GOLD CORPcall	$1,263,000	–	69,000	–	0.29%	–
FNBCQ	New	FIRST NBC BK HLDG CO	$1,255,000	–	37,443	–	0.29%	–
CPSS	New	CONSUMER PORTFOLIO SVCS INC	$1,187,000	–	155,808	–	0.28%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$1,190,000	–	57,438	–	0.28%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$1,177,000	–	44,500	–	0.27%	–
DLX	New	DELUXE CORPput	$1,131,000	–	19,300	–	0.26%	–
SPLS	New	STAPLES INC	$1,111,000	–	102,500	–	0.26%	–
WETF	New	WISDOMTREE INVTS INC	$1,103,000	–	89,200	–	0.26%	–
V	New	VISA INCput	$1,054,000	–	5,000	–	0.25%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INCcall	$976,000	–	58,500	–	0.23%	–
CVD	New	COVANCE INC	$967,000	–	11,300	–	0.22%	–
HOLX	New	HOLOGIC INC	$925,000	–	36,500	–	0.22%	–
WBMD	New	WEBMD HEALTH CORP	$883,000	–	18,276	–	0.21%	–
ENV	New	ENVESTNET INCput	$832,000	–	17,000	–	0.19%	–
HNT	New	HEALTH NET INCput	$831,000	–	20,000	–	0.19%	–
ABT	New	ABBOTT LABSput	$818,000	–	20,000	–	0.19%	–
GOLD	New	BARRICK GOLD CORP	$818,000	–	44,700	–	0.19%	–
EEFT	New	EURONET WORLDWIDE INCput	$820,000	–	17,000	–	0.19%	–
GFIG	New	GFI GROUP INC	$736,000	–	221,586	–	0.17%	–
LMAT	New	LEMAITRE VASCULAR INC	$702,000	–	84,900	–	0.16%	–
THC	New	TENET HEALTHCARE CORP	$681,000	–	14,500	–	0.16%	–
CUTR	New	CUTERA INC	$631,000	–	60,745	–	0.15%	–
ISRG	New	INTUITIVE SURGICAL INCcall	$618,000	–	1,500	–	0.14%	–
THOR	New	THORATEC CORPcall	$610,000	–	17,500	–	0.14%	–
PMC	New	PHARMERICA CORP	$586,000	–	20,500	–	0.14%	–
BAX	New	BAXTER INTL INC	$578,000	–	8,000	–	0.14%	–
SWSH	New	SWISHER HYGIENE INC	$568,000	–	132,023	–	0.13%	–
LHCG	New	LHC GROUP INC	$559,000	–	26,168	–	0.13%	–
JMP	New	JMP GROUP INC	$546,000	–	72,070	–	0.13%	–
AU	New	ANGLOGOLD ASHANTI LTDsponsored adr	$516,000	–	30,000	–	0.12%	–
FAF	New	FIRST AMERN FINL CORPput	$486,000	–	17,500	–	0.11%	–
B108PS	New	ACTAVIS PLCcall	$446,000	–	2,000	–	0.10%	–
SC	New	SANTANDER CONSUMER USA HDG Icall	$437,000	–	22,500	–	0.10%	–
AU	New	ANGLOGOLD ASHANTI LTDcall	$430,000	–	25,000	–	0.10%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INC	$421,000	–	25,200	–	0.10%	–
WFCWS	New	WELLS FARGO & CO NEW*w exp 10/28/201	$413,000	–	19,270	–	0.10%	–
SMA	New	SYMMETRY MED INC	$374,000	–	42,200	–	0.09%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$366,000	–	22,823	–	0.08%	–
HH	New	HOOPER HOLMES INC	$360,000	–	481,487	–	0.08%	–
ELLI	New	ELLIE MAE INCput	$352,000	–	11,300	–	0.08%	–
INBK	New	FIRST INTERNET BANCORP	$320,000	–	15,539	–	0.08%	–
MOH	New	MOLINA HEALTHCARE INCput	$312,000	–	7,000	–	0.07%	–
ZTS	New	ZOETIS INCcl a	$261,000	–	8,100	–	0.06%	–
SKH	New	SKILLED HEALTHCARE GROUP INCcl a	$240,000	–	38,217	–	0.06%	–
BOH	New	BANK HAWAII CORPput	$235,000	–	4,000	–	0.06%	–
BP	New	BP PLCsponsored adr	$233,000	–	4,425	–	0.05%	–
MO	New	ALTRIA GROUP INC	$210,000	–	5,000	–	0.05%	–
V107SC	New	WELLPOINT INC	$54,000	–	500	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTNcall	$0	–	-8,800	–	-0.03%	–
CTRX	Exit	CATAMARAN CORP	$0	–	-4,500	–	-0.05%	–
HH	Exit	HOOPER HOLMES INC	$0	–	-481,487	–	-0.06%	–
TWGP	Exit	TOWER GROUP INTL LTDcall	$0	–	-35,200	–	-0.06%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INC	$0	–	-8,000	–	-0.06%	–
ETN	Exit	EATON CORP PLC	$0	–	-3,969	–	-0.07%	–
CTRX	Exit	CATAMARAN CORPput	$0	–	-6,000	–	-0.07%	–
BSX	Exit	BOSTON SCIENTIFIC CORPput	$0	–	-30,000	–	-0.09%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-1,000	–	-0.09%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-21,200	–	-0.10%	–
HNT	Exit	HEALTH NET INCput	$0	–	-14,100	–	-0.11%	–
CCRN	Exit	CROSS CTRY HEALTHCARE INC	$0	–	-78,562	–	-0.12%	–
AU	Exit	ANGLOGOLD ASHANTI LTDsponsored adr	$0	–	-36,000	–	-0.12%	–
NUS	Exit	NU SKIN ENTERPRISES INCput	$0	–	-5,000	–	-0.12%	–
SWSH	Exit	SWISHER HYGIENE INC	$0	–	-869,242	–	-0.13%	–
AU	Exit	ANGLOGOLD ASHANTI LTDcall	$0	–	-40,000	–	-0.13%	–
CUTR	Exit	CUTERA INC	$0	–	-61,745	–	-0.14%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-14,000	–	-0.14%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-84,900	–	-0.14%	–
APOL	Exit	APOLLO GROUP INCcl a	$0	–	-30,000	–	-0.16%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-12,500	–	-0.16%	–
XWES	Exit	WORLD ENERGY SOLUTIONS INC D	$0	–	-203,967	–	-0.17%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INCcall	$0	–	-22,000	–	-0.17%	–
GIVN	Exit	GIVEN IMAGING	$0	–	-35,300	–	-0.17%	–
TWO	Exit	TWO HBRS INVT CORP	$0	–	-72,550	–	-0.18%	–
BOH	Exit	BANK HAWAII CORPput	$0	–	-13,000	–	-0.18%	–
WOOF	Exit	VCA ANTECH INCcall	$0	–	-26,000	–	-0.18%	–
GOLD	Exit	BARRICK GOLD CORPcall	$0	–	-40,000	–	-0.18%	–
FNGN	Exit	FINANCIAL ENGINES INCput	$0	–	-14,000	–	-0.21%	–
V107SC	Exit	WELLPOINT INCput	$0	–	-10,000	–	-0.21%	–
V107SC	Exit	WELLPOINT INC	$0	–	-10,000	–	-0.21%	–
ZLTQ	Exit	ZELTIQ AESTHETICS INC	$0	–	-102,719	–	-0.23%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-37,500	–	-0.23%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEW	$0	–	-25,500	–	-0.24%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-64,523	–	-0.24%	–
LPS	Exit	LENDER PROCESSING SVCS INC	$0	–	-30,000	–	-0.25%	–
LPS	Exit	LENDER PROCESSING SVCS INCput	$0	–	-30,000	–	-0.25%	–
RMD	Exit	RESMED INCput	$0	–	-19,000	–	-0.25%	–
NUVA	Exit	NUVASIVE INC	$0	–	-41,210	–	-0.25%	–
PULB	Exit	PULASKI FINL CORP	$0	–	-99,194	–	-0.25%	–
TWGP	Exit	TOWER GROUP INTL LTD	$0	–	-145,863	–	-0.25%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-398,942	–	-0.26%	–
MWIV	Exit	MWI VETERINARY SUPPLY INCput	$0	–	-7,000	–	-0.26%	–
KND	Exit	KINDRED HEALTHCARE INC	$0	–	-79,300	–	-0.26%	–
SPLS	Exit	STAPLES INC	$0	–	-75,000	–	-0.27%	–
MFA	Exit	MFA FINL INC	$0	–	-148,800	–	-0.28%	–
XRAY	Exit	DENTSPLY INTL INC NEWcall	$0	–	-26,000	–	-0.28%	–
Z	Exit	ZILLOW INCput	$0	–	-13,400	–	-0.28%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-90,964	–	-0.30%	–
APOL	Exit	APOLLO GROUP INCcall	$0	–	-60,000	–	-0.31%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-20,500	–	-0.32%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEWcall	$0	–	-34,000	–	-0.32%	–
ABCO	Exit	ADVISORY BRD COput	$0	–	-22,000	–	-0.32%	–
STT	Exit	STATE STR CORPput	$0	–	-20,000	–	-0.33%	–
KCG	Exit	KCG HLDGS INCcl a	$0	–	-154,015	–	-0.33%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-30,000	–	-0.34%	–
BMY	Exit	BRISTOL MYERS SQUIBB COput	$0	–	-30,000	–	-0.34%	–
FNBCQ	Exit	FIRST NBC BK HLDG CO	$0	–	-57,977	–	-0.35%	–
CSH	Exit	CASH AMER INTL INCcall	$0	–	-32,000	–	-0.36%	–
ACHI	Exit	ACCRETIVE HEALTH INC	$0	–	-161,825	–	-0.37%	–
FISV	Exit	FISERV INCput	$0	–	-15,000	–	-0.38%	–
VTR	Exit	VENTAS INCput	$0	–	-25,000	–	-0.38%	–
VTR	Exit	VENTAS INC	$0	–	-25,000	–	-0.38%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-84,450	–	-0.39%	–
STI	Exit	SUNTRUST BKS INCcall	$0	–	-50,000	–	-0.40%	–
ACIW	Exit	ACI WORLDWIDE INCput	$0	–	-30,000	–	-0.40%	–
PMC	Exit	PHARMERICA CORP	$0	–	-123,287	–	-0.41%	–
HMST	Exit	HOMESTREET INC	$0	–	-87,738	–	-0.42%	–
ACHI	Exit	ACCRETIVE HEALTH INCcall	$0	–	-188,100	–	-0.43%	–
NUAN	Exit	NUANCE COMMUNICATIONS INCcall	$0	–	-94,000	–	-0.44%	–
THOR	Exit	THORATEC CORP	$0	–	-47,500	–	-0.44%	–
WFCWS	Exit	WELLS FARGO & CO NEW*w exp 10/28/201	$0	–	-127,900	–	-0.45%	–
IVC	Exit	INVACARE CORP	$0	–	-107,665	–	-0.46%	–
PRAA	Exit	PORTFOLIO RECOVERY ASSOCS INput	$0	–	-31,700	–	-0.47%	–
TAX	Exit	JTH HLDG INCcl a	$0	–	-101,529	–	-0.48%	–
CLMS	Exit	CALAMOS ASSET MGMT INCcl a	$0	–	-194,199	–	-0.48%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-30,000	–	-0.51%	–
WFC	Exit	WELLS FARGO & CO NEWput	$0	–	-50,000	–	-0.51%	–
JNJ	Exit	JOHNSON & JOHNSONput	$0	–	-24,000	–	-0.52%	–
XRAY	Exit	DENTSPLY INTL INC NEW	$0	–	-48,800	–	-0.53%	–
GDX	Exit	MARKET VECTORS ETF TRcall	$0	–	-87,600	–	-0.54%	–
BOFI	Exit	BOFI HLDG INCput	$0	–	-35,500	–	-0.57%	–
CELG	Exit	CELGENE CORPput	$0	–	-15,000	–	-0.57%	–
STT	Exit	STATE STR CORP	$0	–	-35,377	–	-0.58%	–
WAG	Exit	WALGREEN COput	$0	–	-43,700	–	-0.58%	–
WOOF	Exit	VCA ANTECH INC	$0	–	-86,691	–	-0.59%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-166,053	–	-0.60%	–
JPMWS	Exit	JPMORGAN CHASE & CO*w exp 10/28/201	$0	–	-149,385	–	-0.62%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-219,600	–	-0.64%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-91,550	–	-0.65%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORPput	$0	–	-13,000	–	-0.68%	–
WAG	Exit	WALGREEN CO	$0	–	-52,029	–	-0.70%	–
ISRG	Exit	INTUITIVE SURGICAL INCcall	$0	–	-7,500	–	-0.70%	–
V	Exit	VISA INCput	$0	–	-15,000	–	-0.71%	–
GNW	Exit	GENWORTH FINL INCcall	$0	–	-227,500	–	-0.72%	–
DLLR	Exit	DFC GLOBAL CORPcall	$0	–	-267,300	–	-0.73%	–
HSP	Exit	HOSPIRA INC	$0	–	-77,400	–	-0.75%	–
DGX	Exit	QUEST DIAGNOSTICS INCcall	$0	–	-50,000	–	-0.77%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-77,564	–	-0.77%	–
GS	Exit	GOLDMAN SACHS GROUP INCcall	$0	–	-20,000	–	-0.79%	–
ABC	Exit	AMERISOURCEBERGEN CORPput	$0	–	-52,300	–	-0.79%	–
AZN	Exit	ASTRAZENECA PLCcall	$0	–	-62,900	–	-0.81%	–
WFC	Exit	WELLS FARGO & CO NEWcall	$0	–	-80,000	–	-0.82%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-123,500	–	-0.83%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-91,197	–	-0.86%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-250,700	–	-0.86%	–
MDT	Exit	MEDTRONIC INC	$0	–	-65,955	–	-0.87%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP INcall	$0	–	-195,000	–	-0.91%	–
MDT	Exit	MEDTRONIC INCcall	$0	–	-70,000	–	-0.93%	–
WU	Exit	WESTERN UN COcall	$0	–	-200,000	–	-0.93%	–
MRK	Exit	MERCK & CO INC NEWcall	$0	–	-80,000	–	-0.95%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-47,300	–	-1.02%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-116,000	–	-1.09%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-143,100	–	-1.15%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-105,664	–	-1.25%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-97,500	–	-1.26%	–
JPM	Exit	JPMORGAN CHASE & COcall	$0	–	-100,000	–	-1.28%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-133,761	–	-1.37%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP IN	$0	–	-301,824	–	-1.41%	–
DLLR	Exit	DFC GLOBAL CORP	$0	–	-533,457	–	-1.46%	–
MA	Exit	MASTERCARD INCput	$0	–	-9,000	–	-1.50%	–
PFE	Exit	PFIZER INC	$0	–	-220,817	–	-1.57%	–
CSH	Exit	CASH AMER INTL INC	$0	–	-165,125	–	-1.86%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-145,100	–	-1.86%	–
LM	Exit	LEGG MASON INC	$0	–	-228,949	–	-1.90%	–
WU	Exit	WESTERN UN CO	$0	–	-449,138	–	-2.08%	–
GNW	Exit	GENWORTH FINL INC	$0	–	-669,614	–	-2.13%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-180,000	–	-2.26%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-82,200	–	-3.23%	–
IBB	Exit	ISHARESput	$0	–	-69,600	–	-3.62%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-900,000	–	-4.45%	–
IWM	Exit	ISHARESput	$0	–	-190,000	–	-5.03%	–
IEF	Exit	ISHARESput	$0	–	-203,000	–	-5.15%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-193,400	–	-8.07%	–

Q3 2013

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRput	$32,493,000	-4.6%	193,400	-8.9%	8.07%	-15.9%
IEF	Buy	ISHARESput	$20,728,000	+13.4%	203,000	+13.9%	5.15%	+0.0%
XLF	Buy	SELECT SECTOR SPDR TRcall	$17,915,000	+1216.3%	900,000	+1185.7%	4.45%	+1061.4%
IBB	Buy	ISHARESput	$14,588,000	+353.5%	69,600	+276.2%	3.62%	+299.8%
XLV	Sell	SELECT SECTOR SPDR TRput	$9,106,000	-18.6%	180,000	-23.4%	2.26%	-28.2%
GNW	Buy	GENWORTH FINL INC	$8,564,000	+17.2%	669,614	+4.5%	2.13%	+3.3%
WU	Buy	WESTERN UN CO	$8,381,000	+23.2%	449,138	+12.9%	2.08%	+8.6%
JPM	Buy	JPMORGAN CHASE & CO	$7,500,000	+9.2%	145,100	+11.5%	1.86%	-3.7%
CSH	Buy	CASH AMER INTL INC	$7,477,000	+45.4%	165,125	+45.9%	1.86%	+28.2%
MA	Buy	MASTERCARD INCput	$6,055,000	+321.7%	9,000	+260.0%	1.50%	+272.0%
DLLR	Buy	DFC GLOBAL CORP	$5,863,000	-1.4%	533,457	+23.9%	1.46%	-13.1%
IBKR	Sell	INTERACTIVE BROKERS GROUP IN	$5,665,000	-20.1%	301,824	-32.1%	1.41%	-29.6%
WFC	Sell	WELLS FARGO & CO NEW	$5,527,000	-0.6%	133,761	-0.7%	1.37%	-12.4%
JPM	Buy	JPMORGAN CHASE & COcall	$5,169,000	+22.4%	100,000	+25.0%	1.28%	+7.9%
CAH	Sell	CARDINAL HEALTH INC	$5,085,000	+0.2%	97,500	-9.3%	1.26%	-11.6%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDcall	$4,382,000	-26.6%	116,000	-23.8%	1.09%	-35.3%
JNJ	Buy	JOHNSON & JOHNSON	$4,100,000	+176.1%	47,300	+173.4%	1.02%	+143.5%
MRK	Buy	MERCK & CO INC NEWcall	$3,809,000	+64.0%	80,000	+60.0%	0.95%	+44.6%
WU	Sell	WESTERN UN COcall	$3,732,000	-48.0%	200,000	-52.3%	0.93%	-54.2%
MDT	Buy	MEDTRONIC INCcall	$3,728,000	+11.4%	70,000	+7.7%	0.93%	-1.7%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDadr	$3,445,000	+32.6%	91,197	+37.6%	0.86%	+16.8%
FHI	Sell	FEDERATED INVS INC PAcl b	$3,354,000	-19.5%	123,500	-18.8%	0.83%	-29.0%
WFC	Sell	WELLS FARGO & CO NEWcall	$3,306,000	-19.9%	80,000	-20.0%	0.82%	-29.3%
AZN	New	ASTRAZENECA PLCcall	$3,266,000	–	62,900	–	0.81%	–
ABC	Buy	AMERISOURCEBERGEN CORPput	$3,196,000	+14.5%	52,300	+4.6%	0.79%	+1.0%
GS	Sell	GOLDMAN SACHS GROUP INCcall	$3,164,000	-16.3%	20,000	-20.0%	0.79%	-26.2%
PDCO	Sell	PATTERSON COMPANIES INC	$3,118,000	+0.5%	77,564	-6.1%	0.77%	-11.4%
DLLR	Buy	DFC GLOBAL CORPcall	$2,938,000	-8.1%	267,300	+15.4%	0.73%	-18.9%
GNW	Buy	GENWORTH FINL INCcall	$2,912,000	+142.7%	227,500	+116.3%	0.72%	+113.9%
V	Buy	VISA INCput	$2,867,000	+56.8%	15,000	+50.0%	0.71%	+38.3%
ISRG	New	INTUITIVE SURGICAL INCcall	$2,822,000	–	7,500	–	0.70%	–
WAG	Sell	WALGREEN CO	$2,799,000	-32.7%	52,029	-44.7%	0.70%	-40.6%
ADS	Buy	ALLIANCE DATA SYSTEMS CORPput	$2,749,000	+38.1%	13,000	+18.2%	0.68%	+21.7%
WBMD	Sell	WEBMD HEALTH CORP	$2,618,000	-36.4%	91,550	-34.7%	0.65%	-43.9%
BSX	Sell	BOSTON SCIENTIFIC CORP	$2,578,000	-15.2%	219,600	-33.0%	0.64%	-25.2%
WOOF	Sell	VCA ANTECH INC	$2,381,000	-5.6%	86,691	-10.3%	0.59%	-16.8%
WAG	Buy	WALGREEN COput	$2,351,000	+103.0%	43,700	+66.8%	0.58%	+79.1%
STT	Sell	STATE STR CORP	$2,326,000	-13.4%	35,377	-14.1%	0.58%	-23.5%
CELG	Sell	CELGENE CORPput	$2,312,000	+9.8%	15,000	-16.7%	0.57%	-3.2%
BOFI	Buy	BOFI HLDG INCput	$2,301,000	+131.5%	35,500	+63.6%	0.57%	+103.9%
GDX	Buy	MARKET VECTORS ETF TRcall	$2,192,000	+15.4%	87,600	+12.9%	0.54%	+1.7%
XRAY	Sell	DENTSPLY INTL INC NEW	$2,118,000	-3.9%	48,800	-9.3%	0.53%	-15.3%
WFC	New	WELLS FARGO & CO NEWput	$2,066,000	–	50,000	–	0.51%	–
CLMS	Buy	CALAMOS ASSET MGMT INCcl a	$1,940,000	+758.4%	194,199	+803.3%	0.48%	+653.1%
PRAA	Buy	PORTFOLIO RECOVERY ASSOCS INput	$1,900,000	+76.7%	31,700	+352.9%	0.47%	+55.8%
IVC	Sell	INVACARE CORP	$1,859,000	+9.8%	107,665	-8.7%	0.46%	-3.1%
NUAN	New	NUANCE COMMUNICATIONS INCcall	$1,756,000	–	94,000	–	0.44%	–
ACHI	New	ACCRETIVE HEALTH INCcall	$1,715,000	–	188,100	–	0.43%	–
HMST	New	HOMESTREET INC	$1,693,000	–	87,738	–	0.42%	–
PMC	Buy	PHARMERICA CORP	$1,636,000	+0.2%	123,287	+4.7%	0.41%	-11.7%
ACIW	New	ACI WORLDWIDE INCput	$1,622,000	–	30,000	–	0.40%	–
STI	Sell	SUNTRUST BKS INCcall	$1,621,000	-20.7%	50,000	-22.7%	0.40%	-30.1%
NUAN	New	NUANCE COMMUNICATIONS INC	$1,579,000	–	84,450	–	0.39%	–
FISV	Sell	FISERV INCput	$1,516,000	-13.3%	15,000	-25.0%	0.38%	-23.6%
ACHI	New	ACCRETIVE HEALTH INC	$1,476,000	–	161,825	–	0.37%	–
CSH	New	CASH AMER INTL INCcall	$1,449,000	–	32,000	–	0.36%	–
FNBCQ	Buy	FIRST NBC BK HLDG CO	$1,413,000	+126.4%	57,977	+126.6%	0.35%	+99.4%
KCG	New	KCG HLDGS INCcl a	$1,335,000	–	154,015	–	0.33%	–
STT	Sell	STATE STR CORPput	$1,315,000	-42.4%	20,000	-42.9%	0.33%	-49.1%
ABCO	New	ADVISORY BRD COput	$1,309,000	–	22,000	–	0.32%	–
WW	New	WEIGHT WATCHERS INTL INC NEWcall	$1,271,000	–	34,000	–	0.32%	–
APOL	Sell	APOLLO GROUP INCcall	$1,249,000	-27.7%	60,000	-38.5%	0.31%	-36.3%
Z	New	ZILLOW INCput	$1,130,000	–	13,400	–	0.28%	–
XRAY	Sell	DENTSPLY INTL INC NEWcall	$1,129,000	-23.5%	26,000	-27.8%	0.28%	-32.5%
MFA	New	MFA FINL INC	$1,109,000	–	148,800	–	0.28%	–
SPLS	Buy	STAPLES INC	$1,099,000	+53.9%	75,000	+66.7%	0.27%	+35.8%
KND	Sell	KINDRED HEALTHCARE INC	$1,065,000	-13.6%	79,300	-15.5%	0.26%	-23.9%
MWIV	Sell	MWI VETERINARY SUPPLY INCput	$1,046,000	+19.5%	7,000	-1.4%	0.26%	+5.7%
TWGP	New	TOWER GROUP INTL LTD	$1,021,000	–	145,863	–	0.25%	–
NUVA	Sell	NUVASIVE INC	$1,009,000	-28.8%	41,210	-28.0%	0.25%	-37.1%
RMD	Buy	RESMED INCput	$1,004,000	+48.3%	19,000	+26.7%	0.25%	+30.4%
LPS	Sell	LENDER PROCESSING SVCS INC	$998,000	-77.3%	30,000	-77.9%	0.25%	-80.0%
LPS	New	LENDER PROCESSING SVCS INCput	$998,000	–	30,000	–	0.25%	–
WW	New	WEIGHT WATCHERS INTL INC NEW	$953,000	–	25,500	–	0.24%	–
GDX	Sell	MARKET VECTORS ETF TRgold miner etf	$940,000	-27.7%	37,500	-29.6%	0.23%	-36.3%
ZLTQ	Sell	ZELTIQ AESTHETICS INC	$932,000	+35.5%	102,719	-4.6%	0.23%	+19.1%
V107SC	Sell	WELLPOINT INC	$836,000	-48.9%	10,000	-50.0%	0.21%	-54.9%
V107SC	Sell	WELLPOINT INCput	$836,000	-74.5%	10,000	-75.0%	0.21%	-77.4%
FNGN	Sell	FINANCIAL ENGINES INCput	$832,000	-37.9%	14,000	-52.4%	0.21%	-45.1%
GOLD	Buy	BARRICK GOLD CORPcall	$745,000	+57.8%	40,000	+33.3%	0.18%	+39.1%
WOOF	New	VCA ANTECH INCcall	$714,000	–	26,000	–	0.18%	–
BOH	New	BANK HAWAII CORPput	$708,000	–	13,000	–	0.18%	–
TWO	New	TWO HBRS INVT CORP	$704,000	–	72,550	–	0.18%	–
ESINQ	Sell	ITT EDUCATIONAL SERVICES INCcall	$682,000	-12.7%	22,000	-31.2%	0.17%	-23.2%
XWES	Sell	WORLD ENERGY SOLUTIONS INC D	$673,000	-19.5%	203,967	-3.1%	0.17%	-28.9%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$649,000	-31.4%	12,500	-37.5%	0.16%	-39.5%
APOL	Sell	APOLLO GROUP INCcl a	$624,000	+0.6%	30,000	-14.3%	0.16%	-11.4%
ADT	New	THE ADT CORPORATION	$569,000	–	14,000	–	0.14%	–
AU	Buy	ANGLOGOLD ASHANTI LTDcall	$531,000	+23.8%	40,000	+33.3%	0.13%	+9.1%
SWSH	Buy	SWISHER HYGIENE INC	$527,000	-16.1%	869,242	+18.9%	0.13%	-26.0%
NUS	New	NU SKIN ENTERPRISES INCput	$479,000	–	5,000	–	0.12%	–
AU	Buy	ANGLOGOLD ASHANTI LTDsponsored adr	$478,000	+59.3%	36,000	+71.4%	0.12%	+41.7%
CCRN	Sell	CROSS CTRY HEALTHCARE INC	$476,000	-25.6%	78,562	-36.6%	0.12%	-34.4%
HNT	New	HEALTH NET INCput	$447,000	–	14,100	–	0.11%	–
GOLD	Sell	BARRICK GOLD CORP	$395,000	+13.2%	21,200	-4.5%	0.10%	0.0%
ISRG	New	INTUITIVE SURGICAL INC	$376,000	–	1,000	–	0.09%	–
BSX	New	BOSTON SCIENTIFIC CORPput	$352,000	–	30,000	–	0.09%	–
CTRX	Sell	CATAMARAN CORPput	$276,000	-62.2%	6,000	-60.0%	0.07%	-66.5%
TWGP	New	TOWER GROUP INTL LTDcall	$246,000	–	35,200	–	0.06%	–
CTRX	New	CATAMARAN CORP	$207,000	–	4,500	–	0.05%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTNcall	$131,000	–	8,800	–	0.03%	–
NPD	Exit	CHINA NEPSTAR CHAIN DRUGSTORsponsored adr	$0	–	-21,323	–	-0.01%	–
IBTX	Exit	INDEPENDENT BK GROUP INC	$0	–	-9,197	–	-0.08%	–
EBIX	Exit	EBIX INCput	$0	–	-47,100	–	-0.12%	–
SPLS	Exit	STAPLES INCcall	$0	–	-30,000	–	-0.13%	–
HSP	Exit	HOSPIRA INCcall	$0	–	-14,700	–	-0.16%	–
CELG	Exit	CELGENE CORP	$0	–	-5,000	–	-0.16%	–
WBMD	Exit	WEBMD HEALTH CORPput	$0	–	-38,500	–	-0.32%	–
CASH	Exit	META FINL GROUP INC	$0	–	-62,544	–	-0.46%	–
IBB	Exit	ISHARES TRnasdq bio indx	$0	–	-13,950	–	-0.68%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-60,000	–	-0.80%	–
JNJ	Exit	JOHNSON & JOHNSONcall	$0	–	-45,000	–	-1.09%	–
IEF	Exit	ISHARES TRbarclys 7-10 yr	$0	–	-78,000	–	-2.25%	–

Q2 2013

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$34,073,000	–	212,400	–	9.59%	–
IWM	New	ISHARES TRput	$18,430,000	–	190,000	–	5.19%	–
IEF	New	ISHARES TRput	$18,276,000	–	178,300	–	5.15%	–
GS	New	GOLDMAN SACHS GROUP INC	$12,433,000	–	82,200	–	3.50%	–
XLV	New	SELECT SECTOR SPDR TRput	$11,188,000	–	235,000	–	3.15%	–
IEF	New	ISHARES TRbarclys 7-10 yr	$7,995,000	–	78,000	–	2.25%	–
GNW	New	GENWORTH FINL INC	$7,309,000	–	640,614	–	2.06%	–
WU	New	WESTERN UN COcall	$7,181,000	–	419,700	–	2.02%	–
LM	New	LEGG MASON INC	$7,100,000	–	228,949	–	2.00%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$7,094,000	–	444,208	–	2.00%	–
JPM	New	JPMORGAN CHASE & CO	$6,868,000	–	130,100	–	1.93%	–
WU	New	WESTERN UN CO	$6,805,000	–	397,699	–	1.92%	–
PFE	New	PFIZER INC	$6,185,000	–	220,817	–	1.74%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$5,970,000	–	152,300	–	1.68%	–
DLLR	New	DFC GLOBAL CORP	$5,947,000	–	430,616	–	1.68%	–
WFC	New	WELLS FARGO & CO NEW	$5,562,000	–	134,761	–	1.57%	–
CSH	New	CASH AMER INTL INC	$5,144,000	–	113,145	–	1.45%	–
CAH	New	CARDINAL HEALTH INC	$5,074,000	–	107,500	–	1.43%	–
MRK	New	MERCK & CO INC NEW	$4,908,000	–	105,664	–	1.38%	–
STI	New	SUNTRUST BKS INC	$4,518,000	–	143,100	–	1.27%	–
LPS	New	LENDER PROCESSING SVCS INC	$4,399,000	–	135,995	–	1.24%	–
JPM	New	JPMORGAN CHASE & COcall	$4,223,000	–	80,000	–	1.19%	–
FHI	New	FEDERATED INVS INC PAcl b	$4,169,000	–	152,100	–	1.17%	–
WAG	New	WALGREEN CO	$4,156,000	–	94,029	–	1.17%	–
WFC	New	WELLS FARGO & CO NEWcall	$4,127,000	–	100,000	–	1.16%	–
WBMD	New	WEBMD HEALTH CORP	$4,115,000	–	140,100	–	1.16%	–
JNJ	New	JOHNSON & JOHNSONcall	$3,864,000	–	45,000	–	1.09%	–
GS	New	GOLDMAN SACHS GROUP INCcall	$3,781,000	–	25,000	–	1.06%	–
MDT	New	MEDTRONIC INC	$3,395,000	–	65,955	–	0.96%	–
MDT	New	MEDTRONIC INCcall	$3,346,000	–	65,000	–	0.94%	–
V107SC	New	WELLPOINT INCput	$3,274,000	–	40,000	–	0.92%	–
BAC	New	BANK OF AMERICA CORPORATION	$3,224,000	–	250,700	–	0.91%	–
IBB	New	ISHARES TRput	$3,217,000	–	18,500	–	0.91%	–
DLLR	New	DFC GLOBAL CORPcall	$3,198,000	–	231,600	–	0.90%	–
IBKR	New	INTERACTIVE BROKERS GROUP INcall	$3,114,000	–	195,000	–	0.88%	–
PDCO	New	PATTERSON COMPANIES INC	$3,104,000	–	82,564	–	0.87%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,039,000	–	327,800	–	0.86%	–
DGX	New	QUEST DIAGNOSTICS INCcall	$3,032,000	–	50,000	–	0.85%	–
HSP	New	HOSPIRA INC	$2,965,000	–	77,400	–	0.84%	–
CAH	New	CARDINAL HEALTH INCcall	$2,832,000	–	60,000	–	0.80%	–
ABC	New	AMERISOURCEBERGEN CORPput	$2,792,000	–	50,000	–	0.79%	–
STT	New	STATE STR CORP	$2,685,000	–	41,177	–	0.76%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$2,599,000	–	66,300	–	0.73%	–
WOOF	New	VCA ANTECH INC	$2,523,000	–	96,691	–	0.71%	–
IBB	New	ISHARES TRnasdq bio indx	$2,426,000	–	13,950	–	0.68%	–
FBNC	New	FIRST BANCORP N C	$2,341,000	–	166,053	–	0.66%	–
JPMWS	New	JPMORGAN CHASE & CO*w exp 10/28/201	$2,330,000	–	149,385	–	0.66%	–
MRK	New	MERCK & CO INC NEWcall	$2,323,000	–	50,000	–	0.65%	–
STT	New	STATE STR CORPput	$2,282,000	–	35,000	–	0.64%	–
XRAY	New	DENTSPLY INTL INC NEW	$2,204,000	–	53,800	–	0.62%	–
CELG	New	CELGENE CORPput	$2,106,000	–	18,000	–	0.59%	–
JNJ	New	JOHNSON & JOHNSONput	$2,061,000	–	24,000	–	0.58%	–
STI	New	SUNTRUST BKS INCcall	$2,043,000	–	64,700	–	0.58%	–
ADS	New	ALLIANCE DATA SYSTEMS CORPput	$1,991,000	–	11,000	–	0.56%	–
GDX	New	MARKET VECTORS ETF TRcall	$1,900,000	–	77,600	–	0.54%	–
COF	New	CAPITAL ONE FINL CORP	$1,884,000	–	30,000	–	0.53%	–
V	New	VISA INCput	$1,828,000	–	10,000	–	0.52%	–
WFCWS	New	WELLS FARGO & CO NEW*w exp 10/28/201	$1,748,000	–	127,900	–	0.49%	–
FISV	New	FISERV INCput	$1,748,000	–	20,000	–	0.49%	–
VTR	New	VENTAS INCput	$1,736,000	–	25,000	–	0.49%	–
VTR	New	VENTAS INC	$1,737,000	–	25,000	–	0.49%	–
APOL	New	APOLLO GROUP INCcall	$1,728,000	–	97,500	–	0.49%	–
IVC	New	INVACARE CORP	$1,693,000	–	117,865	–	0.48%	–
TAX	New	JTH HLDG INCcl a	$1,650,000	–	101,529	–	0.46%	–
CASH	New	META FINL GROUP INC	$1,644,000	–	62,544	–	0.46%	–
V107SC	New	WELLPOINT INC	$1,637,000	–	20,000	–	0.46%	–
PMC	New	PHARMERICA CORP	$1,633,000	–	117,787	–	0.46%	–
THOR	New	THORATEC CORP	$1,487,000	–	47,500	–	0.42%	–
JNJ	New	JOHNSON & JOHNSON	$1,485,000	–	17,300	–	0.42%	–
XRAY	New	DENTSPLY INTL INC NEWcall	$1,475,000	–	36,000	–	0.42%	–
MA	New	MASTERCARD INCput	$1,436,000	–	2,500	–	0.40%	–
NUVA	New	NUVASIVE INC	$1,418,000	–	57,210	–	0.40%	–
XLF	New	SELECT SECTOR SPDR TRcall	$1,361,000	–	70,000	–	0.38%	–
BMY	New	BRISTOL MYERS SQUIBB COput	$1,341,000	–	30,000	–	0.38%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,341,000	–	30,000	–	0.38%	–
FNGN	New	FINANCIAL ENGINES INCput	$1,340,000	–	29,400	–	0.38%	–
NXTM	New	NXSTAGE MEDICAL INC	$1,299,000	–	90,964	–	0.37%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$1,301,000	–	53,300	–	0.37%	–
DGX	New	QUEST DIAGNOSTICS INC	$1,243,000	–	20,500	–	0.35%	–
KND	New	KINDRED HEALTHCARE INC	$1,232,000	–	93,800	–	0.35%	–
GNW	New	GENWORTH FINL INCcall	$1,200,000	–	105,200	–	0.34%	–
WAG	New	WALGREEN COput	$1,158,000	–	26,200	–	0.33%	–
WBMD	New	WEBMD HEALTH CORPput	$1,131,000	–	38,500	–	0.32%	–
PRAA	New	PORTFOLIO RECOVERY ASSOCS INput	$1,075,000	–	7,000	–	0.30%	–
RVSB	New	RIVERVIEW BANCORP INC	$1,001,000	–	398,942	–	0.28%	–
BOFI	New	BOFI HLDG INCput	$994,000	–	21,700	–	0.28%	–
PULB	New	PULASKI FINL CORP	$947,000	–	99,194	–	0.27%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$946,000	–	20,000	–	0.27%	–
MWIV	New	MWI VETERINARY SUPPLY INCput	$875,000	–	7,100	–	0.25%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$835,000	–	64,523	–	0.24%	–
XWES	New	WORLD ENERGY SOLUTIONS INC D	$836,000	–	210,474	–	0.24%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INCcall	$781,000	–	32,000	–	0.22%	–
CTRX	New	CATAMARAN CORPput	$731,000	–	15,000	–	0.21%	–
SPLS	New	STAPLES INC	$714,000	–	45,000	–	0.20%	–
ZLTQ	New	ZELTIQ AESTHETICS INC	$688,000	–	107,719	–	0.19%	–
RMD	New	RESMED INCput	$677,000	–	15,000	–	0.19%	–
CCRN	New	CROSS CTRY HEALTHCARE INC	$640,000	–	123,955	–	0.18%	–
SWSH	New	SWISHER HYGIENE INC	$628,000	–	730,772	–	0.18%	–
FNBCQ	New	FIRST NBC BK HLDG CO	$624,000	–	25,587	–	0.18%	–
APOL	New	APOLLO GROUP INCcl a	$620,000	–	35,000	–	0.18%	–
CELG	New	CELGENE CORP	$585,000	–	5,000	–	0.16%	–
HSP	New	HOSPIRA INCcall	$563,000	–	14,700	–	0.16%	–
LMAT	New	LEMAITRE VASCULAR INC	$555,000	–	84,900	–	0.16%	–
CUTR	New	CUTERA INC	$543,000	–	61,745	–	0.15%	–
GIVN	New	GIVEN IMAGING	$495,000	–	35,300	–	0.14%	–
SPLS	New	STAPLES INCcall	$476,000	–	30,000	–	0.13%	–
GOLD	New	BARRICK GOLD CORPcall	$472,000	–	30,000	–	0.13%	–
EBIX	New	EBIX INCput	$436,000	–	47,100	–	0.12%	–
AU	New	ANGLOGOLD ASHANTI LTDcall	$429,000	–	30,000	–	0.12%	–
GOLD	New	BARRICK GOLD CORP	$349,000	–	22,200	–	0.10%	–
AU	New	ANGLOGOLD ASHANTI LTDsponsored adr	$300,000	–	21,000	–	0.08%	–
IBTX	New	INDEPENDENT BK GROUP INC	$280,000	–	9,197	–	0.08%	–
ETN	New	EATON CORP PLC	$261,000	–	3,969	–	0.07%	–
CLMS	New	CALAMOS ASSET MGMT INCcl a	$226,000	–	21,500	–	0.06%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INC	$195,000	–	8,000	–	0.06%	–
HH	New	HOOPER HOLMES INC	$173,000	–	481,487	–	0.05%	–
NPD	New	CHINA NEPSTAR CHAIN DRUGSTORsponsored adr	$33,000	–	21,323	–	0.01%	–

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