Canal Insurance CO Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
PFE	Buy	PFIZER INC	$6,773	+19.7%	204,200	+32.4%	1.94%	+22.2%
AVAV	Sell	AEROVIRONMENT INC	$5,577	-9.1%	50,000	-16.7%	1.60%	-7.3%
	Sell	FLUENCE ENERGY INC	$2,989	-29.9%	130,000	-18.8%	0.86%	-28.4%
KHC	Buy	KRAFT HEINZ CO	$2,691	+152.7%	80,000	+166.7%	0.77%	+157.9%
BCX	Buy	BLACKROCK RES & COMMODITIESetf	$1,880	+2.1%	204,174	+0.6%	0.54%	+4.1%
	Buy	NUSCALE PWR CORP	$784	-4.0%	160,000	+33.3%	0.22%	-1.7%
BP	Buy	BP PLCcall	$410	+6733.3%	2,000	+100.0%	0.12%	+5750.0%
INTC	New	INTEL CORPcall	$250	–	800	–	0.07%	–
FLR	New	FLUOR CORP NEWcall	$200	–	500	–	0.06%	–
VLO	New	VALERO ENERGY CORPcall	$199	–	100	–	0.06%	–
	New	GSK PLCcall	$160	–	1,000	–	0.05%	–
WMT	New	WALMART INCcall	$120	–	150	–	0.03%	–
EOSE	New	EOS ENERGY ENTERPRISES INC	$86	–	40,000	–	0.02%	–
BDX	New	BECTON DICKINSON & COcall	$22	–	60	–	0.01%	–
	New	RIVIAN AUTOMOTIVE INCcall	$7	–	300	–	0.00%	–
DIS	Exit	DISNEY WALT COcall	$0	–	-100	–	0.00%	–
NEM	Exit	NEWMONT CORPcall	$0	–	-100	–	-0.00%	–
CVX	Exit	CHEVRON CORP NEWcall	$0	–	-100	–	-0.00%	–
XOM	Exit	EXXON MOBIL CORPcall	$0	–	-100	–	-0.01%	–
PTRA	Exit	PROTERRA INC	$0	–	-60,000	–	-0.02%	–
	Exit	FLUENCE ENERGY INCcall	$0	–	-300	–	-0.04%	–
LTHM	Exit	LIVENT CORPcall	$0	–	-500	–	-0.05%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-30,000	–	-0.22%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-30,000	–	-0.24%	–

Q2 2023

			Value		Shares		↓ Weighting
NOC	New	NORTHROP GRUMMAN CORP	$22,832	–	50,093	–	6.41%	–
MSFT	New	MICROSOFT CORP	$21,965	–	64,500	–	6.16%	–
CVX	New	CHEVRON CORP NEW	$18,762	–	119,240	–	5.26%	–
LMT	New	LOCKHEED MARTIN CORP	$15,699	–	34,100	–	4.40%	–
DUK	New	DUKE ENERGY CORP NEW	$13,476	–	150,166	–	3.78%	–
CVS	New	CVS HEALTH CORP	$13,135	–	190,000	–	3.69%	–
ABBV	New	ABBVIE INC	$12,463	–	92,500	–	3.50%	–
JNJ	New	JOHNSON & JOHNSON	$12,414	–	75,000	–	3.48%	–
XOM	New	EXXON MOBIL CORP	$12,334	–	115,000	–	3.46%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$10,839	–	81,000	–	3.04%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$10,155	–	103,662	–	2.85%	–
WMT	New	WALMART INC	$9,431	–	60,000	–	2.65%	–
BP	New	BP PLC	$8,117	–	230,000	–	2.28%	–
	New	CANADIAN PACIFIC KANSAS CITY	$8,077	–	100,000	–	2.27%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$7,674	–	120,000	–	2.15%	–
	New	GSK PLC	$7,217	–	202,500	–	2.02%	–
AVAV	New	AEROVIRONMENT INC	$6,137	–	60,000	–	1.72%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$5,873	–	30,000	–	1.65%	–
D	New	DOMINION ENERGY INC	$5,697	–	110,000	–	1.60%	–
COP	New	CONOCOPHILLIPS	$5,699	–	55,000	–	1.60%	–
PFE	New	PFIZER INC	$5,656	–	154,200	–	1.59%	–
BDX	New	BECTON DICKINSON & CO	$5,049	–	19,123	–	1.42%	–
NEAR	New	ISHARES U S ETF TRetf	$4,972	–	100,000	–	1.40%	–
WMB	New	WILLIAMS COS INC	$4,904	–	150,300	–	1.38%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,696	–	9,000	–	1.32%	–
LTHM	New	LIVENT CORP	$4,663	–	170,000	–	1.31%	–
BAX	New	BAXTER INTL INC	$4,556	–	100,000	–	1.28%	–
FLR	New	FLUOR CORP NEW	$4,440	–	150,000	–	1.25%	–
ABT	New	ABBOTT LABS	$4,361	–	40,000	–	1.22%	–
GD	New	GENERAL DYNAMICS CORP	$4,303	–	20,000	–	1.21%	–
ENS	New	ENERSYS	$4,267	–	39,321	–	1.20%	–
	New	FLUENCE ENERGY INC	$4,262	–	160,000	–	1.20%	–
PSX	New	PHILLIPS 66	$4,054	–	42,500	–	1.14%	–
INTC	New	INTEL CORP	$4,013	–	120,000	–	1.13%	–
FLOT	New	ISHARES TRetf	$3,964	–	78,000	–	1.11%	–
NEM	New	NEWMONT CORP	$3,413	–	80,000	–	0.96%	–
SPXS	New	DIREXION SHS ETF TRetf	$3,125	–	223,550	–	0.88%	–
ENB	New	ENBRIDGE INC	$2,855	–	76,720	–	0.80%	–
MKL	New	MARKEL CORP	$2,766	–	2,000	–	0.78%	–
T	New	AT&T INC	$2,712	–	170,000	–	0.76%	–
DIS	New	DISNEY WALT CO	$2,678	–	30,000	–	0.75%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$2,635	–	100,000	–	0.74%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,529	–	68,000	–	0.71%	–
BHP	New	BHP GROUP LTD	$2,387	–	40,000	–	0.67%	–
VLO	New	VALERO ENERGY CORP	$2,346	–	20,000	–	0.66%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$2,251	–	157,000	–	0.63%	–
	New	RIVIAN AUTOMOTIVE INC	$2,166	–	130,000	–	0.61%	–
LIT	New	GLOBAL X FDSetf	$2,152	–	33,100	–	0.60%	–
BCX	New	BLACKROCK RES & COMMODITIESetf	$1,841	–	203,029	–	0.52%	–
GOLD	New	BARRICK GOLD CORP	$1,694	–	100,000	–	0.48%	–
REMX	New	VANECK ETF TRUSTetf	$1,662	–	20,000	–	0.47%	–
CRNC	New	CERENCE INC	$1,608	–	55,000	–	0.45%	–
SO	New	SOUTHERN CO	$1,405	–	20,000	–	0.39%	–
FLO	New	FLOWERS FOODS INC	$1,244	–	50,000	–	0.35%	–
BE	New	BLOOM ENERGY CORP	$1,145	–	70,000	–	0.32%	–
	New	SAMSARA INC	$1,108	–	40,000	–	0.31%	–
KHC	New	KRAFT HEINZ CO	$1,065	–	30,000	–	0.30%	–
OTIS	New	OTIS WORLDWIDE CORP	$891	–	10,000	–	0.25%	–
BAC	New	BK OF AMERICA CORP	$861	–	30,000	–	0.24%	–
	New	HALEON PLC	$838	–	100,000	–	0.24%	–
AES	New	AES CORP	$829	–	40,000	–	0.23%	–
	New	WARNER BROS DISCOVERY INC	$825	–	66,288	–	0.23%	–
	New	NUSCALE PWR CORP	$817	–	120,000	–	0.23%	–
FITB	New	FIFTH THIRD BANCORP	$786	–	30,000	–	0.22%	–
MAXN	New	MAXEON SOLAR TECHNOLOGIES LT	$704	–	25,000	–	0.20%	–
CPB	New	CAMPBELL SOUP CO	$686	–	15,000	–	0.19%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$627	–	22,000	–	0.18%	–
ARKX	New	ARK ETF TRetf	$610	–	40,000	–	0.17%	–
VTRS	New	VIATRIS INC	$594	–	60,000	–	0.17%	–
K	New	KELLOGG CO	$539	–	8,000	–	0.15%	–
KMI	New	KINDER MORGAN INC DEL	$517	–	30,000	–	0.14%	–
CARR	New	CARRIER GLOBAL CORPORATION	$497	–	10,000	–	0.14%	–
TRP	New	TC ENERGY CORP	$405	–	10,000	–	0.11%	–
NIO	New	NIO INC	$388	–	40,000	–	0.11%	–
AEGXF	New	AECON GROUP	$374	–	40,000	–	0.10%	–
AIR	New	AAR CORP	$347	–	6,000	–	0.10%	–
WOPEY	New	WOODSIDE ENERGY GROUP LTD	$331	–	14,456	–	0.09%	–
	New	KYNDRYL HLDGS INC	$191	–	14,400	–	0.05%	–
LTHM	New	LIVENT CORPcall	$193	–	500	–	0.05%	–
	New	FLUENCE ENERGY INCcall	$156	–	300	–	0.04%	–
	New	SAMSARA INCcall	$118	–	400	–	0.03%	–
	New	EMBECTA CORP	$83	–	3,825	–	0.02%	–
PTRA	New	PROTERRA INC	$72	–	60,000	–	0.02%	–
PSX	New	PHILLIPS 66call	$45	–	100	–	0.01%	–
	New	LIGHTBRIDGE CORP	$35	–	6,000	–	0.01%	–
XOM	New	EXXON MOBIL CORPcall	$27	–	100	–	0.01%	–
AVAV	New	AEROVIRONMENT INCcall	$13	–	100	–	0.00%	–
BP	New	BP PLCcall	$6	–	1,000	–	0.00%	–
CVX	New	CHEVRON CORP NEWcall	$8	–	100	–	0.00%	–
NEM	New	NEWMONT CORPcall	$3	–	100	–	0.00%	–
DIS	New	DISNEY WALT COcall	$0	–	100	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
CSCO	Exit	CISCO SYS INCcall	$0	–	-100	–	0.00%	–
BAC	Exit	BK OF AMERICA CORPcall	$0	–	-200	–	-0.00%	–
VZ	Exit	VERIZON COMMUNICATIONS INCcall	$0	–	-500	–	-0.00%	–
SBRA	Exit	SABRA HEALTH CARE REIT INCcall	$0	–	-1,000	–	-0.00%	–
MSFT	Exit	MICROSOFT CORPcall	$0	–	-100	–	-0.00%	–
ABT	Exit	ABBOTT LABScall	$0	–	-100	–	-0.01%	–
BP	Exit	BP PLCcall	$0	–	-1,000	–	-0.01%	–
BDX	Exit	BECTON DICKINSON & COcall	$0	–	-80	–	-0.01%	–
	Exit	LIGHTBRIDGE CORP	$0	–	-6,000	–	-0.01%	–
	Exit	RIVIAN AUTOMOTIVE INCcall	$0	–	-200	–	-0.02%	–
VLO	Exit	VALERO ENERGY CORPcall	$0	–	-250	–	-0.02%	–
CVS	Exit	CVS HEALTH CORPcall	$0	–	-200	–	-0.02%	–
	Exit	EMBECTA ORD	$0	–	-3,825	–	-0.03%	–
SPXS	Exit	DIREXION SHS ETF TRcall	$0	–	-300	–	-0.04%	–
	Exit	KYNDRYL HLDGS INC	$0	–	-16,200	–	-0.04%	–
COP	Exit	CONOCOPHILLIPScall	$0	–	-100	–	-0.04%	–
NOC	Exit	NORTHROP GRUMMAN CORPcall	$0	–	-100	–	-0.04%	–
VTRS	Exit	VIATRIS INC	$0	–	-19,132	–	-0.05%	–
MRK	Exit	MERCK & CO INCcall	$0	–	-500	–	-0.05%	–
WMT	Exit	WALMART INCcall	$0	–	-600	–	-0.06%	–
OGN	Exit	ORGANON & CO	$0	–	-10,000	–	-0.07%	–
AIR	Exit	AAR CORP	$0	–	-7,197	–	-0.08%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-70,100	–	-0.08%	–
FLR	Exit	FLUOR CORP NEWcall	$0	–	-500	–	-0.09%	–
WOPEY	Exit	WOODSIDE ENERGY GROUP ADR	$0	–	-14,456	–	-0.09%	–
LTHM	Exit	LIVENT CORPcall	$0	–	-500	–	-0.09%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-10,000	–	-0.11%	–
ARKK	Exit	ARK ETF TRetf	$0	–	-10,000	–	-0.11%	–
CSCO	Exit	CISCO SYS INC	$0	–	-10,000	–	-0.12%	–
TRP	Exit	TC ENERGY CORP	$0	–	-10,000	–	-0.12%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-30,000	–	-0.15%	–
ARKX	Exit	ARK ETF TRetf	$0	–	-40,000	–	-0.15%	–
K	Exit	KELLOGG CO	$0	–	-8,000	–	-0.17%	–
MAXN	Exit	MAXEON SOLAR TECHNOLOGIES LT	$0	–	-25,000	–	-0.18%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-20,000	–	-0.18%	–
	Exit	HALEON ADR REP 2 ORD	$0	–	-100,000	–	-0.18%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-10,000	–	-0.19%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-15,000	–	-0.21%	–
PTRA	Exit	PROTERRA INC	$0	–	-160,000	–	-0.24%	–
	Exit	WARNER BROS. DISCOVERY SRS A ORD	$0	–	-71,126	–	-0.25%	–
LIT	Exit	GLOBAL X FDSetf	$0	–	-13,100	–	-0.26%	–
SPXS	Exit	DIREXION SHS ETF TRetf	$0	–	-30,000	–	-0.26%	–
AES	Exit	AES CORP	$0	–	-40,000	–	-0.27%	–
	Exit	NUSCALE POWER CL A ORD	$0	–	-80,000	–	-0.28%	–
BE	Exit	BLOOM ENERGY CORP	$0	–	-50,000	–	-0.30%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-30,000	–	-0.30%	–
NIO	Exit	NIO INC	$0	–	-70,000	–	-0.33%	–
	Exit	SAMSARA INC	$0	–	-100,000	–	-0.36%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-50,000	–	-0.37%	–
CRNC	Exit	CERENCE INC	$0	–	-80,000	–	-0.38%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-100,000	–	-0.39%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-40,000	–	-0.40%	–
SO	Exit	SOUTHERN CO	$0	–	-20,000	–	-0.40%	–
	Exit	FLUENCE ENERGY INC	$0	–	-100,000	–	-0.44%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-157,000	–	-0.48%	–
REMX	Exit	VANECK ETF TRUSTetf	$0	–	-20,000	–	-0.50%	–
BCX	Exit	BLACKROCK RES & COMMODITIES	$0	–	-202,039	–	-0.52%	–
BHP	Exit	BHP GROUP LTD	$0	–	-40,000	–	-0.60%	–
MKL	Exit	MARKEL CORP	$0	–	-2,000	–	-0.65%	–
ENS	Exit	ENERSYS	$0	–	-39,321	–	-0.68%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-100,000	–	-0.71%	–
D	Exit	DOMINION ENERGY INC	$0	–	-34,528	–	-0.71%	–
T	Exit	AT&T INC	$0	–	-170,000	–	-0.78%	–
PSX	Exit	PHILLIPS 66	$0	–	-32,500	–	-0.78%	–
ENB	Exit	ENBRIDGE INC	$0	–	-76,720	–	-0.85%	–
NEM	Exit	NEWMONT CORP	$0	–	-70,000	–	-0.88%	–
INTC	Exit	INTEL CORP	$0	–	-120,000	–	-0.92%	–
	Exit	RIVIAN AUTOMOTIVE INC	$0	–	-95,000	–	-0.93%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-98,000	–	-1.11%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-35,000	–	-1.12%	–
BAX	Exit	BAXTER INTL INC	$0	–	-70,000	–	-1.12%	–
ABT	Exit	ABBOTT LABS	$0	–	-40,000	–	-1.15%	–
FLOT	Exit	ISHARES TRetf	$0	–	-78,000	–	-1.17%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-20,000	–	-1.24%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-20,000	–	-1.26%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-19,123	–	-1.27%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-150,300	–	-1.28%	–
MRK	Exit	MERCK & CO INC	$0	–	-50,000	–	-1.28%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-9,000	–	-1.36%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-300,000	–	-1.39%	–
NEAR	Exit	ISHARES U S ETF TRetf	$0	–	-100,000	–	-1.47%	–
	Exit	WEIBO CORPbond	$0	–	-5,000,000	–	-1.47%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-200,000	–	-1.48%	–
AVAV	Exit	AEROVIRONMENT INC	$0	–	-60,000	–	-1.49%	–
LTHM	Exit	LIVENT CORP	$0	–	-172,300	–	-1.57%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-55,000	–	-1.68%	–
	Exit	GSK ADR REP 2 ORD WI	$0	–	-202,500	–	-1.78%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-100,000	–	-2.00%	–
PFE	Exit	PFIZER INC	$0	–	-154,200	–	-2.01%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-103,662	–	-2.53%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-120,000	–	-2.54%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-105,000	–	-2.73%	–
BP	Exit	BP PLC	$0	–	-330,000	–	-2.81%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-81,000	–	-2.87%	–
WMT	Exit	WALMART INC	$0	–	-80,000	–	-3.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-75,000	–	-3.65%	–
ABBV	Exit	ABBVIE INC	$0	–	-95,000	–	-3.80%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-34,100	–	-3.93%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-150,166	–	-4.16%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-109,240	–	-4.68%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-165,000	–	-4.69%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-74,500	–	-5.17%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-40,093	–	-5.62%	–

Q3 2022

			Value		Shares		↓ Weighting
CVS	Sell	CVS HEALTH CORP	$15,736,000	-3.0%	165,000	-5.7%	4.69%	-0.6%
LMT	Sell	LOCKHEED MARTIN CORP	$13,172,000	-16.3%	34,100	-6.8%	3.93%	-14.3%
	New	GSK ADR REP 2 ORD WI	$5,960,000	–	202,500	–	1.78%	–
GOLD	Buy	BARRICK GOLD CORP	$4,675,000	+32.5%	300,000	+50.0%	1.39%	+35.7%
VLO	New	VALERO ENERGY CORP	$3,740,000	–	35,000	–	1.12%	–
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,721,000	+18.2%	98,000	+58.1%	1.11%	+21.1%
	Buy	RIVIAN AUTOMOTIVE INC	$3,126,000	+73.5%	95,000	+35.7%	0.93%	+77.9%
INTC	Buy	INTEL CORP	$3,092,000	-8.2%	120,000	+33.3%	0.92%	-5.9%
MKL	Buy	MARKEL CORP	$2,168,000	+67.7%	2,000	+100.0%	0.65%	+71.8%
KTOS	Buy	KRATOS DEFENSE & SEC SOLUTIO	$1,595,000	+43.7%	157,000	+96.2%	0.48%	+47.1%
CRNC	Buy	CERENCE INC	$1,260,000	-23.1%	80,000	+23.1%	0.38%	-21.2%
BE	Buy	BLOOM ENERGY CORP	$1,000,000	+203.0%	50,000	+150.0%	0.30%	+210.4%
	Buy	NUSCALE POWER CL A ORD	$932,000	+133.0%	80,000	+100.0%	0.28%	+139.7%
AES	Sell	AES CORP	$904,000	-46.2%	40,000	-50.0%	0.27%	-45.0%
	Buy	WARNER BROS. DISCOVERY SRS A ORD	$843,000	+57.6%	71,126	+72.9%	0.25%	+60.9%
PTRA	Sell	PROTERRA INC	$797,000	-14.1%	160,000	-20.0%	0.24%	-11.9%
	New	HALEON ADR REP 2 ORD	$609,000	–	100,000	–	0.18%	–
BAC	New	BK OF AMERICA CORP	$604,000	–	20,000	–	0.18%	–
KMI	New	KINDER MORGAN INC DEL	$499,000	–	30,000	–	0.15%	–
WMT	Buy	WALMART INCcall	$187,000	+379.5%	600	+100.0%	0.06%	+409.1%
NOC	New	NORTHROP GRUMMAN CORPcall	$152,000	–	100	–	0.04%	–
CVS	Buy	CVS HEALTH CORPcall	$80,000	+321.1%	200	+100.0%	0.02%	+300.0%
VLO	New	VALERO ENERGY CORPcall	$78,000	–	250	–	0.02%	–
	New	RIVIAN AUTOMOTIVE INCcall	$50,000	–	200	–	0.02%	–
BP	Sell	BP PLCcall	$17,000	-62.2%	1,000	-50.0%	0.01%	-61.5%
SBRA	New	SABRA HEALTH CARE REIT INCcall	$15,000	–	1,000	–	0.00%	–
MSFT	New	MICROSOFT CORPcall	$14,000	–	100	–	0.00%	–
BAC	New	BK OF AMERICA CORPcall	$3,000	–	200	–	0.00%	–
CSCO	New	CISCO SYS INCcall	$1,000	–	100	–	0.00%	–
REMX	Exit	VANECK ETF TRUSTcall	$0	–	-100	–	-0.01%	–
AVAV	Exit	AEROVIRONMENT INCcall	$0	–	-150	–	-0.01%	–
AES	Exit	AES CORPcall	$0	–	-400	–	-0.01%	–
ROOT	Exit	ROOT INC	$0	–	-30,000	–	-0.01%	–
CVX	Exit	CHEVRON CORP NEWcall	$0	–	-200	–	-0.01%	–
PFE	Exit	PFIZER INCcall	$0	–	-400	–	-0.02%	–
	Exit	GRAYSCALE ETHEREUM COM UNT	$0	–	-25,000	–	-0.05%	–
LMT	Exit	LOCKHEED MARTIN CORPcall	$0	–	-100	–	-0.07%	–
GSK	Exit	GLAXOSMITHKLINE PLC	$0	–	-100,000	–	-1.27%	–

Q2 2022

			Value		Shares		↓ Weighting
NOC	New	NORTHROP GRUMMAN CORP	$19,187,000	–	40,093	–	5.58%	–
MSFT	New	MICROSOFT CORP	$19,134,000	–	74,500	–	5.57%	–
CVS	New	CVS HEALTH CORP	$16,216,000	–	175,000	–	4.72%	–
DUK	New	DUKE ENERGY CORP NEW	$16,099,000	–	150,166	–	4.68%	–
CVX	New	CHEVRON CORP NEW	$15,816,000	–	109,240	–	4.60%	–
LMT	New	LOCKHEED MARTIN CORP	$15,737,000	–	36,600	–	4.58%	–
ABBV	New	ABBVIE INC	$14,550,000	–	95,000	–	4.23%	–
JNJ	New	JOHNSON & JOHNSON	$13,313,000	–	75,000	–	3.87%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$11,436,000	–	81,000	–	3.33%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$9,963,000	–	103,662	–	2.90%	–
WMT	New	WALMART INC	$9,726,000	–	80,000	–	2.83%	–
BP	New	BP PLC	$9,356,000	–	330,000	–	2.72%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$9,240,000	–	120,000	–	2.69%	–
XOM	New	EXXON MOBIL CORP	$8,992,000	–	105,000	–	2.62%	–
PFE	New	PFIZER INC	$8,085,000	–	154,200	–	2.35%	–
CP	New	CANADIAN PAC RY LTD	$6,970,000	–	100,000	–	2.03%	–
COP	New	CONOCOPHILLIPS	$4,940,000	–	55,000	–	1.44%	–
AVAV	New	AEROVIRONMENT INC	$4,932,000	–	60,000	–	1.44%	–
NEAR	New	ISHARES U S ETF TRetf	$4,927,000	–	100,000	–	1.43%	–
	New	WEIBO CORPbond	$4,906,000	–	5,000,000	–	1.43%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,890,000	–	9,000	–	1.42%	–
FLR	New	FLUOR CORP NEW	$4,868,000	–	200,000	–	1.42%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$4,834,000	–	20,000	–	1.41%	–
BDX	New	BECTON DICKINSON & CO	$4,714,000	–	19,123	–	1.37%	–
WMB	New	WILLIAMS COS INC	$4,691,000	–	150,300	–	1.36%	–
MRK	New	MERCK & CO INC	$4,559,000	–	50,000	–	1.33%	–
BAX	New	BAXTER INTL INC	$4,496,000	–	70,000	–	1.31%	–
GD	New	GENERAL DYNAMICS CORP	$4,425,000	–	20,000	–	1.29%	–
GSK	New	GLAXOSMITHKLINE PLC	$4,353,000	–	100,000	–	1.27%	–
ABT	New	ABBOTT LABS	$4,346,000	–	40,000	–	1.26%	–
NEM	New	NEWMONT CORP	$4,177,000	–	70,000	–	1.22%	–
LTHM	New	LIVENT CORP	$3,909,000	–	172,300	–	1.14%	–
FLOT	New	ISHARES TRetf	$3,896,000	–	78,000	–	1.13%	–
T	New	AT&T INC	$3,563,000	–	170,000	–	1.04%	–
GOLD	New	BARRICK GOLD CORP	$3,529,000	–	200,000	–	1.03%	–
INTC	New	INTEL CORP	$3,367,000	–	90,000	–	0.98%	–
ENB	New	ENBRIDGE INC	$3,233,000	–	76,720	–	0.94%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,147,000	–	62,000	–	0.92%	–
D	New	DOMINION ENERGY INC	$2,756,000	–	34,528	–	0.80%	–
PSX	New	PHILLIPS 66	$2,665,000	–	32,500	–	0.78%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$2,437,000	–	100,000	–	0.71%	–
ENS	New	ENERSYS	$2,318,000	–	39,321	–	0.67%	–
BHP	New	BHP GROUP LTD	$2,247,000	–	40,000	–	0.65%	–
BCX	New	BLACKROCK RES & COMMODITIES	$1,814,000	–	202,039	–	0.53%	–
	New	RIVIAN AUTOMOTIVE INC	$1,802,000	–	70,000	–	0.52%	–
REMX	New	VANECK ETF TRUSTetf	$1,740,000	–	20,000	–	0.51%	–
AES	New	AES CORP	$1,681,000	–	80,000	–	0.49%	–
CRNC	New	CERENCE INC	$1,639,000	–	65,000	–	0.48%	–
NIO	New	NIO INC	$1,520,000	–	70,000	–	0.44%	–
SO	New	SOUTHERN CO	$1,426,000	–	20,000	–	0.42%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$1,397,000	–	100,000	–	0.41%	–
FLO	New	FLOWERS FOODS INC	$1,316,000	–	50,000	–	0.38%	–
MKL	New	MARKEL CORP	$1,293,000	–	1,000	–	0.38%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$1,208,000	–	40,000	–	0.35%	–
KHC	New	KRAFT HEINZ CO	$1,144,000	–	30,000	–	0.33%	–
	New	SAMSARA INC	$1,117,000	–	100,000	–	0.32%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$1,110,000	–	80,000	–	0.32%	–
LIT	New	GLOBAL X FDSetf	$951,000	–	13,100	–	0.28%	–
	New	FLUENCE ENERGY INC	$948,000	–	100,000	–	0.28%	–
PTRA	New	PROTERRA INC	$928,000	–	200,000	–	0.27%	–
SPXS	New	DIREXION SHS ETF TRetf	$800,000	–	30,000	–	0.23%	–
CPB	New	CAMPBELL SOUP CO	$721,000	–	15,000	–	0.21%	–
OTIS	New	OTIS WORLDWIDE CORP	$707,000	–	10,000	–	0.21%	–
K	New	KELLOGG CO	$571,000	–	8,000	–	0.17%	–
ARKX	New	ARK ETF TRetf	$536,000	–	40,000	–	0.16%	–
	New	WARNER BROS. DISCOVERY SRS A ORD	$535,000	–	41,126	–	0.16%	–
TRP	New	TC ENERGY CORP	$517,000	–	10,000	–	0.15%	–
CSCO	New	CISCO SYS INC	$426,000	–	10,000	–	0.12%	–
ARKK	New	ARK ETF TRetf	$399,000	–	10,000	–	0.12%	–
	New	NUSCALE POWER CL A ORD	$400,000	–	40,000	–	0.12%	–
CARR	New	CARRIER GLOBAL CORPORATION	$357,000	–	10,000	–	0.10%	–
OGN	New	ORGANON & CO	$338,000	–	10,000	–	0.10%	–
MAXN	New	MAXEON SOLAR TECHNOLOGIES LT	$332,000	–	25,000	–	0.10%	–
BE	New	BLOOM ENERGY CORP	$330,000	–	20,000	–	0.10%	–
WOPEY	New	WOODSIDE ENERGY GROUP ADR	$315,000	–	14,456	–	0.09%	–
AIR	New	AAR CORP	$301,000	–	7,197	–	0.09%	–
KGC	New	KINROSS GOLD CORP	$249,000	–	70,100	–	0.07%	–
LMT	New	LOCKHEED MARTIN CORPcall	$232,000	–	100	–	0.07%	–
VTRS	New	VIATRIS INC	$203,000	–	19,132	–	0.06%	–
	New	GRAYSCALE ETHEREUM COM UNT	$177,000	–	25,000	–	0.05%	–
MRK	New	MERCK & CO INCcall	$163,000	–	500	–	0.05%	–
	New	KYNDRYL HLDGS INC	$158,000	–	16,200	–	0.05%	–
SPXS	New	DIREXION SHS ETF TRcall	$114,000	–	300	–	0.03%	–
ABT	New	ABBOTT LABScall	$99,000	–	100	–	0.03%	–
COP	New	CONOCOPHILLIPScall	$96,000	–	100	–	0.03%	–
	New	EMBECTA ORD	$97,000	–	3,825	–	0.03%	–
BDX	New	BECTON DICKINSON & COcall	$86,000	–	80	–	0.02%	–
VZ	New	VERIZON COMMUNICATIONS INCcall	$80,000	–	500	–	0.02%	–
PFE	New	PFIZER INCcall	$60,000	–	400	–	0.02%	–
BP	New	BP PLCcall	$45,000	–	2,000	–	0.01%	–
CVX	New	CHEVRON CORP NEWcall	$43,000	–	200	–	0.01%	–
WMT	New	WALMART INCcall	$39,000	–	300	–	0.01%	–
ROOT	New	ROOT INC	$36,000	–	30,000	–	0.01%	–
	New	LIGHTBRIDGE CORP	$28,000	–	6,000	–	0.01%	–
LTHM	New	LIVENT CORPcall	$23,000	–	500	–	0.01%	–
AES	New	AES CORPcall	$24,000	–	400	–	0.01%	–
AVAV	New	AEROVIRONMENT INCcall	$24,000	–	150	–	0.01%	–
REMX	New	VANECK ETF TRUSTcall	$20,000	–	100	–	0.01%	–
CVS	New	CVS HEALTH CORPcall	$19,000	–	100	–	0.01%	–
FLR	New	FLUOR CORP NEWcall	$8,000	–	500	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CVS	Exit	CVS HEALTH CORPcall	$0	–	-500	–	0.00%	–
FLR	Exit	FLUOR CORP NEWcall	$0	–	-500	–	-0.01%	–
MRK	Exit	MERCK & CO INCcall	$0	–	-400	–	-0.01%	–
BDX	Exit	BECTON DICKINSON & COcall	$0	–	-80	–	-0.02%	–
NOC	Exit	NORTHROP GRUMMAN CORPcall	$0	–	-100	–	-0.02%	–
BP	Exit	BP PLCcall	$0	–	-500	–	-0.03%	–
APA	Exit	APA CORPORATIONcall	$0	–	-500	–	-0.03%	–
ABT	Exit	ABBOTT LABScall	$0	–	-100	–	-0.04%	–
TSLA	Exit	TESLA INCcall	$0	–	-10	–	-0.04%	–
ROOT	Exit	ROOT INC	$0	–	-30,000	–	-0.05%	–
LTHM	Exit	LIVENT CORPcall	$0	–	-1,500	–	-0.07%	–
AIR	Exit	AAR CORP	$0	–	-7,197	–	-0.08%	–
VTRS	Exit	VIATRIS INC	$0	–	-19,132	–	-0.09%	–
OGN	Exit	ORGANON & CO	$0	–	-10,000	–	-0.11%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-10,000	–	-0.14%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-8,000	–	-0.15%	–
MAXN	Exit	MAXEON SOLAR TECHNOLOGIES LT	$0	–	-25,000	–	-0.15%	–
TRP	Exit	TC ENERGY CORP	$0	–	-10,000	–	-0.16%	–
MP	Exit	MP MATERIALS CORP	$0	–	-15,000	–	-0.17%	–
REMX	Exit	VANECK VECTORS ETF TRetf	$0	–	-5,000	–	-0.18%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-10,000	–	-0.18%	–
SPXS	Exit	DIREXION SHS ETF TRetf	$0	–	-30,000	–	-0.24%	–
TSLA	Exit	TESLA INC	$0	–	-1,000	–	-0.26%	–
ARKX	Exit	ARK ETF TRetf	$0	–	-40,000	–	-0.27%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-10,000	–	-0.28%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-40,000	–	-0.30%	–
PTRA	Exit	PROTERRA INC	$0	–	-100,000	–	-0.34%	–
NIO	Exit	NIO INC	$0	–	-30,000	–	-0.36%	–
APA	Exit	APA CORPORATION	$0	–	-50,000	–	-0.36%	–
LIT	Exit	GLOBAL X FDSetf	$0	–	-13,100	–	-0.36%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-50,000	–	-0.37%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-30,000	–	-0.38%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-50,000	–	-0.40%	–
SO	Exit	SOUTHERN CO	$0	–	-20,000	–	-0.42%	–
BCX	Exit	BLACKROCK RES & COMMODITIES	$0	–	-201,236	–	-0.61%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-35,000	–	-0.65%	–
BHP	Exit	BHP GROUP LTD	$0	–	-40,000	–	-0.73%	–
PSX	Exit	PHILLIPS 66	$0	–	-32,500	–	-0.77%	–
CRNC	Exit	CERENCE INC	$0	–	-25,000	–	-0.82%	–
D	Exit	DOMINION ENERGY INC	$0	–	-34,528	–	-0.86%	–
AVAV	Exit	AEROVIRONMENT INC	$0	–	-30,000	–	-0.88%	–
ENS	Exit	ENERSYS	$0	–	-39,321	–	-0.99%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-45,000	–	-1.04%	–
ENB	Exit	ENBRIDGE INC	$0	–	-76,720	–	-1.04%	–
LTHM	Exit	LIVENT CORP	$0	–	-150,000	–	-1.18%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-200,000	–	-1.23%	–
NEM	Exit	NEWMONT CORP	$0	–	-70,000	–	-1.29%	–
GSK	Exit	GLAXOSMITHKLINE PLC	$0	–	-100,000	–	-1.30%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-150,300	–	-1.32%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-20,000	–	-1.33%	–
FLOT	Exit	ISHARES TRetf	$0	–	-78,000	–	-1.35%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-250,000	–	-1.36%	–
WMT	Exit	WALMART INC	$0	–	-30,000	–	-1.42%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-20,000	–	-1.50%	–
T	Exit	AT&T INC	$0	–	-170,000	–	-1.56%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-19,123	–	-1.60%	–
	Exit	WEIBO CORPbond	$0	–	-5,000,000	–	-1.65%	–
NEAR	Exit	ISHARES U S ETF TRetf	$0	–	-100,000	–	-1.70%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-9,000	–	-1.75%	–
BAX	Exit	BAXTER INTL INC	$0	–	-70,000	–	-1.91%	–
ABT	Exit	ABBOTT LABS	$0	–	-50,000	–	-2.01%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-105,000	–	-2.10%	–
BP	Exit	BP PLC	$0	–	-230,000	–	-2.14%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-100,000	–	-2.22%	–
PFE	Exit	PFIZER INC	$0	–	-154,200	–	-2.25%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-120,000	–	-2.41%	–
MRK	Exit	MERCK & CO INC	$0	–	-100,000	–	-2.55%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-103,662	–	-3.03%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-109,240	–	-3.76%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-81,000	–	-3.82%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-75,000	–	-4.11%	–
ABBV	Exit	ABBVIE INC	$0	–	-115,000	–	-4.21%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-36,600	–	-4.29%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-40,093	–	-4.90%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-150,166	–	-4.98%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-215,000	–	-6.20%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-74,500	–	-7.13%	–

Q3 2021

			Value		Shares		↓ Weighting
CVS	Buy	CVS HEALTH CORP	$18,245,000	+32.5%	215,000	+30.3%	6.20%	+27.9%
ABBV	Buy	ABBVIE INC	$12,405,000	+4.9%	115,000	+9.5%	4.21%	+1.2%
CVX	Buy	CHEVRON CORP NEW	$11,082,000	+18.6%	109,240	+22.4%	3.76%	+14.4%
BP	Buy	BP PLC	$6,286,000	+32.2%	230,000	+27.8%	2.14%	+27.5%
	Buy	WEIBO CORPbond	$4,863,000	+402.9%	5,000,000	+400.0%	1.65%	+385.6%
T	Buy	AT&T INC	$4,592,000	+14.0%	170,000	+21.4%	1.56%	+9.9%
WMT	Buy	WALMART INC	$4,181,000	+97.7%	30,000	+100.0%	1.42%	+90.9%
GOLD	Buy	BARRICK GOLD CORP	$3,611,000	+45.3%	200,000	+66.7%	1.23%	+40.1%
LTHM	Buy	LIVENT CORP	$3,467,000	+79.1%	150,000	+50.0%	1.18%	+72.8%
ENB	Sell	ENBRIDGE INC	$3,056,000	-1.1%	76,720	-0.5%	1.04%	-4.6%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$1,926,000	-29.2%	35,000	-30.0%	0.65%	-31.7%
EPD	New	ENTERPRISE PRODS PARTNERS L	$1,082,000	–	50,000	–	0.37%	–
APA	New	APA CORPORATION	$1,072,000	–	50,000	–	0.36%	–
PTRA	Buy	PROTERRA INC	$1,011,000	+47.8%	100,000	+150.0%	0.34%	+42.3%
REMX	New	VANECK VECTORS ETF TRetf	$515,000	–	5,000	–	0.18%	–
MP	New	MP MATERIALS CORP	$495,000	–	15,000	–	0.17%	–
LTHM	Buy	LIVENT CORPcall	$216,000	+213.0%	1,500	+200.0%	0.07%	+204.2%
ROOT	Buy	ROOT INC	$158,000	-2.5%	30,000	+100.0%	0.05%	-5.3%
TSLA	New	TESLA INCcall	$130,000	–	10	–	0.04%	–
APA	New	APA CORPORATIONcall	$94,000	–	500	–	0.03%	–
BDX	New	BECTON DICKINSON & COcall	$43,000	–	80	–	0.02%	–
MRK	Sell	MERCK & CO INCcall	$42,000	-71.0%	400	-33.3%	0.01%	-72.5%
FLR	Sell	FLUOR CORP NEWcall	$20,000	+122.2%	500	-50.0%	0.01%	+133.3%
ENB	Exit	ENBRIDGE INCcall	$0	–	-4	–	0.00%	–
CVS	Buy	CVS HEALTH CORPcall	$1,000	-98.7%	500	+25.0%	0.00%	-100.0%
NUAN	Exit	NUANCE COMMUNICATIONS INCcall	$0	–	-500	–	-0.00%	–
T	Exit	AT&T INCcall	$0	–	-1,200	–	-0.00%	–
ABBV	Exit	ABBVIE INCcall	$0	–	-200	–	-0.02%	–
NIO	Exit	NIO INCcall	$0	–	-200	–	-0.05%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC	$0	–	-55,000	–	-0.78%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$20,182,000	–	74,500	–	7.10%	–
DUK	New	DUKE ENERGY CORP NEW	$14,824,000	–	150,166	–	5.22%	–
NOC	New	NORTHROP GRUMMAN CORP	$14,571,000	–	40,093	–	5.13%	–
LMT	New	LOCKHEED MARTIN CORP	$13,848,000	–	36,600	–	4.87%	–
CVS	New	CVS HEALTH CORP	$13,768,000	–	165,000	–	4.84%	–
JNJ	New	JOHNSON & JOHNSON	$12,356,000	–	75,000	–	4.35%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$11,874,000	–	81,000	–	4.18%	–
ABBV	New	ABBVIE INC	$11,827,000	–	105,000	–	4.16%	–
CVX	New	CHEVRON CORP NEW	$9,347,000	–	89,240	–	3.29%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$8,843,000	–	103,662	–	3.11%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$8,018,000	–	120,000	–	2.82%	–
MRK	New	MERCK & CO INC	$7,777,000	–	100,000	–	2.74%	–
CP	New	CANADIAN PAC RY LTD	$7,698,000	–	100,000	–	2.71%	–
XOM	New	EXXON MOBIL CORP	$6,623,000	–	105,000	–	2.33%	–
PFE	New	PFIZER INC	$6,038,000	–	154,200	–	2.12%	–
ABT	New	ABBOTT LABS	$5,797,000	–	50,000	–	2.04%	–
BAX	New	BAXTER INTL INC	$5,635,000	–	70,000	–	1.98%	–
NEAR	New	ISHARES U S ETF TRetf	$5,016,000	–	100,000	–	1.76%	–
BP	New	BP PLC	$4,756,000	–	180,000	–	1.67%	–
BDX	New	BECTON DICKINSON & CO	$4,651,000	–	19,123	–	1.64%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,540,000	–	9,000	–	1.60%	–
NEM	New	NEWMONT CORP	$4,437,000	–	70,000	–	1.56%	–
FLR	New	FLUOR CORP NEW	$4,425,000	–	250,000	–	1.56%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$4,323,000	–	20,000	–	1.52%	–
T	New	AT&T INC	$4,029,000	–	140,000	–	1.42%	–
WMB	New	WILLIAMS COS INC	$3,990,000	–	150,300	–	1.40%	–
GSK	New	GLAXOSMITHKLINE PLC	$3,982,000	–	100,000	–	1.40%	–
FLOT	New	ISHARES TRetf	$3,964,000	–	78,000	–	1.40%	–
ENS	New	ENERSYS	$3,843,000	–	39,321	–	1.35%	–
GD	New	GENERAL DYNAMICS CORP	$3,765,000	–	20,000	–	1.32%	–
ENB	New	ENBRIDGE INC	$3,091,000	–	77,120	–	1.09%	–
AVAV	New	AEROVIRONMENT INC	$3,005,000	–	30,000	–	1.06%	–
BHP	New	BHP GROUP LTD	$2,913,000	–	40,000	–	1.02%	–
PSX	New	PHILLIPS 66	$2,789,000	–	32,500	–	0.98%	–
COP	New	CONOCOPHILLIPS	$2,741,000	–	45,000	–	0.96%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,722,000	–	50,000	–	0.96%	–
CRNC	New	CERENCE INC	$2,668,000	–	25,000	–	0.94%	–
D	New	DOMINION ENERGY INC	$2,540,000	–	34,528	–	0.89%	–
GOLD	New	BARRICK GOLD CORP	$2,485,000	–	120,000	–	0.88%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$2,222,000	–	55,000	–	0.78%	–
WMT	New	WALMART INC	$2,115,000	–	15,000	–	0.74%	–
LTHM	New	LIVENT CORP	$1,936,000	–	100,000	–	0.68%	–
BCX	New	BLACKROCK RES & COMMODITIES	$1,896,000	–	201,236	–	0.67%	–
NIO	New	NIO INC	$1,596,000	–	30,000	–	0.56%	–
KHC	New	KRAFT HEINZ CO	$1,223,000	–	30,000	–	0.43%	–
SO	New	SOUTHERN CO	$1,210,000	–	20,000	–	0.43%	–
FLO	New	FLOWERS FOODS INC	$1,210,000	–	50,000	–	0.43%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$1,140,000	–	40,000	–	0.40%	–
	New	WEIBO CORPbond	$967,000	–	1,000,000	–	0.34%	–
LIT	New	GLOBAL X FDSetf	$949,000	–	13,100	–	0.33%	–
ARKX	New	ARK ETF TRetf	$839,000	–	40,000	–	0.30%	–
OTIS	New	OTIS WORLDWIDE CORP	$823,000	–	10,000	–	0.29%	–
SPXS	New	DIREXION SHS ETF TRetf	$723,000	–	30,000	–	0.25%	–
PTRA	New	PROTERRA INC	$684,000	–	40,000	–	0.24%	–
TSLA	New	TESLA INC	$680,000	–	1,000	–	0.24%	–
MAXN	New	MAXEON SOLAR TECHNOLOGIES LT	$536,000	–	25,000	–	0.19%	–
TRP	New	TC ENERGY CORP	$495,000	–	10,000	–	0.17%	–
CARR	New	CARRIER GLOBAL CORPORATION	$486,000	–	10,000	–	0.17%	–
CPB	New	CAMPBELL SOUP CO	$456,000	–	10,000	–	0.16%	–
VZ	New	VERIZON COMMUNICATIONS INC	$448,000	–	8,000	–	0.16%	–
OGN	New	ORGANON & CO	$303,000	–	10,000	–	0.11%	–
AIR	New	AAR CORP	$279,000	–	7,197	–	0.10%	–
VTRS	New	VIATRIS INC	$275,000	–	19,132	–	0.10%	–
NOC	New	NORTHROP GRUMMAN CORPcall	$175,000	–	100	–	0.06%	–
ROOT	New	ROOT INC	$162,000	–	15,000	–	0.06%	–
MRK	New	MERCK & CO INCcall	$145,000	–	600	–	0.05%	–
NIO	New	NIO INCcall	$137,000	–	200	–	0.05%	–
ABT	New	ABBOTT LABScall	$102,000	–	100	–	0.04%	–
CVS	New	CVS HEALTH CORPcall	$77,000	–	400	–	0.03%	–
LTHM	New	LIVENT CORPcall	$69,000	–	500	–	0.02%	–
ABBV	New	ABBVIE INCcall	$43,000	–	200	–	0.02%	–
BP	New	BP PLCcall	$30,000	–	500	–	0.01%	–
FLR	New	FLUOR CORP NEWcall	$9,000	–	1,000	–	0.00%	–
NUAN	New	NUANCE COMMUNICATIONS INCcall	$3,000	–	500	–	0.00%	–
T	New	AT&T INCcall	$4,000	–	1,200	–	0.00%	–
ENB	New	ENBRIDGE INCcall	$1,000	–	4	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
FLR	Exit	CALL ON FLR 10/16/2020 @ 15.0call	$0	–	-100,000	–	-0.00%	–
ABBV	Exit	CALL ON ABBV 11/20/2020 @ 100.0call	$0	–	-20,000	–	-0.00%	–
IBM	Exit	CALL ON IBM 01/15/2021 @ 130.0call	$0	–	-4,200	–	-0.01%	–
SLB	Exit	CALL ON SLB 11/20/2020 @ 20.0call	$0	–	-78,000	–	-0.01%	–
SBRA	Exit	CALL ON SBRA 01/15/2021 @ 15.0call	$0	–	-50,000	–	-0.02%	–
RTX	Exit	CALL ON RTX 11/20/2020 @ 65.0call	$0	–	-50,000	–	-0.02%	–
KTOS	Exit	KRATOS DEFENSE AND SECURITY SOLS ORD	$0	–	-3,000	–	-0.02%	–
LTHM	Exit	CALL ON LTHM 10/16/2020 @ 7.5call	$0	–	-80,000	–	-0.02%	–
AVAV	Exit	AEROVIRONMENT ORD	$0	–	-1,000	–	-0.02%	–
FCX	Exit	CALL ON FCX 10/16/2020 @ 15.0call	$0	–	-80,000	–	-0.03%	–
ENS	Exit	CALL ON ENS 12/18/2020 @ 70.0call	$0	–	-20,000	–	-0.04%	–
BAC	Exit	CALL ON BAC 12/18/2020 @ 26.0call	$0	–	-100,000	–	-0.04%	–
NOC	Exit	CALL ON NOC 11/20/2020 @ 360.0call	$0	–	-20,000	–	-0.04%	–
CVS	Exit	CALL ON CVS 11/20/2020 @ 70.0call	$0	–	-150,000	–	-0.05%	–
LMT	Exit	CALL ON LMT 12/18/2020 @ 405.0call	$0	–	-10,000	–	-0.05%	–
AIR	Exit	AAR ORD	$0	–	-7,197	–	-0.05%	–
CARR	Exit	CARRIER GLOBAL ORD	$0	–	-10,000	–	-0.12%	–
SPWR	Exit	CALL ON SPWR 12/18/2020 @ 10.0call	$0	–	-100,000	–	-0.16%	–
TRP	Exit	TC ENERGY ORD	$0	–	-10,000	–	-0.17%	–
MAXN	Exit	MAXEON SOLAR TECHNOLOGIES ORD	$0	–	-25,000	–	-0.17%	–
CPB	Exit	CAMPBELL SOUP ORD	$0	–	-10,000	–	-0.19%	–
OTIS	Exit	OTIS WORLDWIDE ORD	$0	–	-10,000	–	-0.25%	–
SBRA	Exit	SABRA HEALTH CARE REIT ORD	$0	–	-50,000	–	-0.28%	–
MSFT	Exit	MICROSOFT CO 180.0 CALL 16OCT20call	$0	–	-40,000	–	-0.30%	–
KHC	Exit	KRAFT HEINZ ORD	$0	–	-30,000	–	-0.36%	–
BCX	Exit	BLACKROCK RES & COMM STR	$0	–	-201,236	–	-0.48%	–
SLB	Exit	SCHLUMBERGER ORD	$0	–	-78,000	–	-0.49%	–
FLO	Exit	FLOWERS FOODS ORD	$0	–	-50,000	–	-0.49%	–
CRNC	Exit	CERENCE ORD	$0	–	-25,000	–	-0.49%	–
FCX	Exit	FREEPORT MCMORAN ORD	$0	–	-80,000	–	-0.50%	–
FLR	Exit	FLUOR ORD	$0	–	-150,000	–	-0.53%	–
COP	Exit	CONOCOPHILLIPS ORD	$0	–	-45,000	–	-0.59%	–
LTHM	Exit	LIVENT ORD	$0	–	-180,000	–	-0.65%	–
NUAN	Exit	NUANCE COMMUNICATIONS ORD	$0	–	-50,000	–	-0.67%	–
PSX	Exit	PHILLIPS 66 ORD	$0	–	-32,500	–	-0.68%	–
RDSA	Exit	ROYAL DUTCH SHELL ADR REP 2 CL A ORD	$0	–	-75,000	–	-0.76%	–
BHP	Exit	BHP GROUP ADR	$0	–	-40,000	–	-0.83%	–
ENB	Exit	ENBRIDGE ORD	$0	–	-78,720	–	-0.92%	–
BAC	Exit	BANK OF AMERICA ORD	$0	–	-100,000	–	-0.97%	–
SPWR	Exit	SUNPOWER ORD	$0	–	-200,000	–	-1.00%	–
D	Exit	DOMINION ENERGY ORD	$0	–	-34,528	–	-1.09%	–
GD	Exit	GENERAL DYNAMICS ORD	$0	–	-20,000	–	-1.11%	–
WMB	Exit	WILLIAMS ORD	$0	–	-150,300	–	-1.19%	–
LHX	Exit	L3HARRIS TECHNOLOGIES ORD	$0	–	-20,000	–	-1.36%	–
XOM	Exit	EXXON MOBIL ORD	$0	–	-105,000	–	-1.45%	–
FLOT	Exit	ISHARES FLOATING RATEetf	$0	–	-78,000	–	-1.59%	–
TMO	Exit	THERMO FISHER SCIENTIFIC ORD	$0	–	-9,000	–	-1.60%	–
BP	Exit	BP ADR EACH REPSTNG SIX ORD	$0	–	-230,000	–	-1.61%	–
ENS	Exit	ENERSYS ORD	$0	–	-60,000	–	-1.62%	–
ABT	Exit	ABBOTT LABORATORIES ORD	$0	–	-40,000	–	-1.75%	–
NEM	Exit	NEWMONT ORD	$0	–	-70,000	–	-1.78%	–
BDX	Exit	BECTON DICKINSON ORD	$0	–	-19,123	–	-1.79%	–
CVX	Exit	CHEVRON ORD	$0	–	-69,240	–	-2.00%	–
NEAR	Exit	ISHARES SHORT MATetf	$0	–	-100,000	–	-2.01%	–
ABBV	Exit	ABBVIE ORD	$0	–	-60,000	–	-2.11%	–
BAX	Exit	BAXTER INTERNATIONAL ORD	$0	–	-70,000	–	-2.26%	–
PFE	Exit	PFIZER ORD	$0	–	-154,200	–	-2.27%	–
CP	Exit	CANADIAN PACIFIC RAILWAY ORD	$0	–	-20,000	–	-2.44%	–
BMY	Exit	BRISTOL MYERS SQUIBB ORD	$0	–	-120,000	–	-2.90%	–
MRK	Exit	MERCK & CO ORD	$0	–	-100,000	–	-3.33%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES ORD	$0	–	-81,000	–	-3.96%	–
SPXS	Exit	DIREXION:S&P 500 BEAR 3X	$0	–	-1,725,000	–	-3.99%	–
JNJ	Exit	JOHNSON & JOHNSON ORD	$0	–	-75,000	–	-4.48%	–
RTX	Exit	RAYTHEON TECHNOLOGIES ORD	$0	–	-203,662	–	-4.71%	–
CVS	Exit	CVS HEALTH ORD	$0	–	-215,000	–	-5.04%	–
DUK	Exit	DUKE ENERGY ORD	$0	–	-150,166	–	-5.34%	–
NOC	Exit	NORTHROP GRUMMAN ORD	$0	–	-50,093	–	-6.35%	–
LMT	Exit	LOCKHEED MARTIN ORD	$0	–	-47,800	–	-7.36%	–
MSFT	Exit	MICROSOFT ORD	$0	–	-107,000	–	-9.04%	–

Q3 2020

			Value		Shares		↓ Weighting
CVS	Buy	CVS HEALTH ORD	$12,556,000	+28.8%	215,000	+43.3%	5.04%	+31.3%
FLOT	New	ISHARES FLOATING RATEetf	$3,955,000	–	78,000	–	1.59%	–
NUAN	Sell	NUANCE COMMUNICATIONS ORD	$1,660,000	-34.4%	50,000	-50.0%	0.67%	-33.1%
FCX	Sell	FREEPORT MCMORAN ORD	$1,251,000	-32.4%	80,000	-50.0%	0.50%	-31.1%
BCX	Buy	BLACKROCK RES & COMM STR	$1,197,000	-2.4%	201,236	+0.6%	0.48%	-0.4%
MSFT	Buy	MICROSOFT CO 180.0 CALL 16OCT20call	$757,000	+35.2%	40,000	+100.0%	0.30%	+37.6%
CPB	New	CAMPBELL SOUP ORD	$484,000	–	10,000	–	0.19%	–
MAXN	New	MAXEON SOLAR TECHNOLOGIES ORD	$424,000	–	25,000	–	0.17%	–
SPWR	New	CALL ON SPWR 12/18/2020 @ 10.0call	$390,000	–	100,000	–	0.16%	–
LMT	Sell	CALL ON LMT 12/18/2020 @ 405.0call	$126,000	+85.3%	10,000	-50.0%	0.05%	+88.9%
CVS	New	CALL ON CVS 11/20/2020 @ 70.0call	$115,000	–	150,000	–	0.05%	–
ENS	New	CALL ON ENS 12/18/2020 @ 70.0call	$92,000	–	20,000	–	0.04%	–
LTHM	New	CALL ON LTHM 10/16/2020 @ 7.5call	$60,000	–	80,000	–	0.02%	–
IBM	Sell	CALL ON IBM 01/15/2021 @ 130.0call	$17,000	-37.0%	4,200	-79.0%	0.01%	-36.4%
FLR	Sell	CALL ON FLR 10/16/2020 @ 15.0call	$5,000	-96.5%	100,000	-33.3%	0.00%	-96.4%
BDX	Exit	CALL ON BDX 09/18/2020 @ 270.0call	$0	–	-6,000	–	-0.01%	–
BAX	Exit	BAXTER INTER 92.5 CALL 21AUG20call	$0	–	-30,000	–	-0.01%	–
BP	Exit	CALL ON BP 08/21/2020 @ 26.0call	$0	–	-90,000	–	-0.02%	–
NUAN	Exit	CALL ON NUAN 07/17/2020 @ 24.0call	$0	–	-100,000	–	-0.06%	–
WPX	Exit	WPX ENERGY ORD	$0	–	-31,000	–	-0.08%	–
ALB	Exit	ALBEMARLE ORD	$0	–	-11,000	–	-0.34%	–
AES	Exit	THE AES CORPORATION	$0	–	-100,000	–	-0.57%	–
	Exit	PRA GROUP INCbond	$0	–	-3,000,000	–	-1.17%	–
	Exit	ISHARES FLOATING RATEetf	$0	–	-78,000	–	-1.56%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT ORD	$21,776,000	–	107,000	–	8.58%	–
LMT	New	LOCKHEED MARTIN ORD	$17,443,000	–	47,800	–	6.87%	–
NOC	New	NORTHROP GRUMMAN ORD	$15,401,000	–	50,093	–	6.07%	–
SPXS	New	DIREXION:S&P 500 BEAR 3X	$13,472,000	–	1,725,000	–	5.31%	–
RTX	New	RAYTHEON TECHNOLOGIES ORD	$12,550,000	–	203,662	–	4.94%	–
DUK	New	DUKE ENERGY ORD	$11,997,000	–	150,166	–	4.73%	–
JNJ	New	JOHNSON & JOHNSON ORD	$10,547,000	–	75,000	–	4.16%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES ORD	$9,782,000	–	81,000	–	3.86%	–
CVS	New	CVS HEALTH ORD	$9,746,000	–	150,000	–	3.84%	–
MRK	New	MERCK & CO ORD	$7,733,000	–	100,000	–	3.05%	–
BMY	New	BRISTOL MYERS SQUIBB ORD	$7,056,000	–	120,000	–	2.78%	–
CVX	New	CHEVRON ORD	$6,178,000	–	69,240	–	2.43%	–
BAX	New	BAXTER INTERNATIONAL ORD	$6,027,000	–	70,000	–	2.38%	–
ABBV	New	ABBVIE ORD	$5,891,000	–	60,000	–	2.32%	–
BP	New	BP ADR EACH REPSTNG SIX ORD	$5,364,000	–	230,000	–	2.11%	–
CP	New	CANADIAN PACIFIC RAILWAY ORD	$5,071,000	–	20,000	–	2.00%	–
PFE	New	PFIZER ORD	$5,042,000	–	154,200	–	1.99%	–
NEAR	New	ISHARES SHORT MATetf	$5,000,000	–	100,000	–	1.97%	–
XOM	New	EXXON MOBIL ORD	$4,696,000	–	105,000	–	1.85%	–
BDX	New	BECTON DICKINSON ORD	$4,576,000	–	19,123	–	1.80%	–
NEM	New	NEWMONT ORD	$4,322,000	–	70,000	–	1.70%	–
	New	ISHARES FLOATING RATEetf	$3,946,000	–	78,000	–	1.56%	–
ENS	New	ENERSYS ORD	$3,863,000	–	60,000	–	1.52%	–
ABT	New	ABBOTT LABORATORIES ORD	$3,657,000	–	40,000	–	1.44%	–
LHX	New	L3HARRIS TECHNOLOGIES ORD	$3,393,000	–	20,000	–	1.34%	–
TMO	New	THERMO FISHER SCIENTIFIC ORD	$3,261,000	–	9,000	–	1.28%	–
GD	New	GENERAL DYNAMICS ORD	$2,989,000	–	20,000	–	1.18%	–
	New	PRA GROUP INCbond	$2,979,000	–	3,000,000	–	1.17%	–
WMB	New	WILLIAMS ORD	$2,859,000	–	150,300	–	1.13%	–
D	New	DOMINION ENERGY ORD	$2,803,000	–	34,528	–	1.10%	–
NUAN	New	NUANCE COMMUNICATIONS ORD	$2,531,000	–	100,000	–	1.00%	–
RDSA	New	ROYAL DUTCH SHELL ADR REP 2 CL A ORD	$2,452,000	–	75,000	–	0.97%	–
ENB	New	ENBRIDGE ORD	$2,386,000	–	78,720	–	0.94%	–
BAC	New	BANK OF AMERICA ORD	$2,375,000	–	100,000	–	0.94%	–
PSX	New	PHILLIPS 66 ORD	$2,337,000	–	32,500	–	0.92%	–
BHP	New	BHP GROUP ADR	$1,989,000	–	40,000	–	0.78%	–
COP	New	CONOCOPHILLIPS ORD	$1,891,000	–	45,000	–	0.74%	–
FCX	New	FREEPORT MCMORAN ORD	$1,851,000	–	160,000	–	0.73%	–
FLR	New	FLUOR ORD	$1,812,000	–	150,000	–	0.71%	–
SPWR	New	SUNPOWER ORD	$1,532,000	–	200,000	–	0.60%	–
AES	New	THE AES CORPORATION	$1,449,000	–	100,000	–	0.57%	–
SLB	New	SCHLUMBERGER ORD	$1,434,000	–	78,000	–	0.56%	–
BCX	New	BLACKROCK RES & COMM STR	$1,226,000	–	200,000	–	0.48%	–
FLO	New	FLOWERS FOODS ORD	$1,118,000	–	50,000	–	0.44%	–
LTHM	New	LIVENT ORD	$1,109,000	–	180,000	–	0.44%	–
CRNC	New	CERENCE ORD	$1,021,000	–	25,000	–	0.40%	–
KHC	New	KRAFT HEINZ ORD	$957,000	–	30,000	–	0.38%	–
ALB	New	ALBEMARLE ORD	$849,000	–	11,000	–	0.34%	–
SBRA	New	SABRA HEALTH CARE REIT ORD	$722,000	–	50,000	–	0.28%	–
OTIS	New	OTIS WORLDWIDE ORD	$569,000	–	10,000	–	0.22%	–
MSFT	New	MICROSOFT CO 180.0 CALL 16OCT20call	$560,000	–	20,000	–	0.22%	–
TRP	New	TC ENERGY ORD	$426,000	–	10,000	–	0.17%	–
CARR	New	CARRIER GLOBAL ORD	$223,000	–	10,000	–	0.09%	–
WPX	New	WPX ENERGY ORD	$198,000	–	31,000	–	0.08%	–
NUAN	New	CALL ON NUAN 07/17/2020 @ 24.0call	$163,000	–	100,000	–	0.06%	–
AIR	New	AAR ORD	$149,000	–	7,197	–	0.06%	–
BAC	New	CALL ON BAC 07/17/2020 @ 23.0call	$144,000	–	100,000	–	0.06%	–
FLR	New	FLUOR CORP 12.5 CALL 17JUL20call	$143,000	–	150,000	–	0.06%	–
FCX	New	CALL ON FCX 08/21/2020 @ 10.0call	$124,000	–	80,000	–	0.05%	–
SLB	New	CALL ON SLB 08/21/2020 @ 20.0call	$87,000	–	78,000	–	0.03%	–
ABBV	New	ABBVIE INC 97.5 CALL 21AUG20call	$86,000	–	20,000	–	0.03%	–
AVAV	New	AEROVIRONMENT ORD	$80,000	–	1,000	–	0.03%	–
LMT	New	CALL ON LMT 09/18/2020 @ 430.0call	$68,000	–	20,000	–	0.03%	–
RTX	New	CALL ON RTX 07/17/2020 @ 65.0call	$61,000	–	50,000	–	0.02%	–
KTOS	New	KRATOS DEFENSE AND SECURITY SOLS ORD	$47,000	–	3,000	–	0.02%	–
BP	New	CALL ON BP 08/21/2020 @ 26.0call	$44,000	–	90,000	–	0.02%	–
NOC	New	CALL ON NOC 08/21/2020 @ 380.0call	$35,000	–	20,000	–	0.01%	–
BAX	New	BAXTER INTER 92.5 CALL 21AUG20call	$29,000	–	30,000	–	0.01%	–
IBM	New	CALL ON IBM 07/17/2020 @ 125.0call	$27,000	–	20,000	–	0.01%	–
SBRA	New	CALL ON SBRA 07/17/2020 @ 15.0call	$25,000	–	50,000	–	0.01%	–
BDX	New	CALL ON BDX 09/18/2020 @ 270.0call	$20,000	–	6,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
SPXS	Exit	DIREXION DAI 27.0 CALL 18OCT19call	$0	–	-150,000	–	-0.01%	–
INTC	Exit	INTEL CORP 50.0 CALL 18OCT19call	$0	–	-25,000	–	-0.02%	–
BMY	Exit	BRISTOL-MYER 52.5 CALL 20DEC19call	$0	–	-50,000	–	-0.02%	–
AVAV	Exit	CALL ON AVAV 12/20/2019 @ 65.0call	$0	–	-30,000	–	-0.04%	–
MDRIQ	Exit	MCDERMOTT INTERNATIONAL ORD	$0	–	-50,000	–	-0.04%	–
NOC	Exit	NORTHROP GRU 375.0 CALL 15NOV19call	$0	–	-10,000	–	-0.05%	–
FLR	Exit	FLUOR CORP 20.0 CALL 17JAN20call	$0	–	-50,000	–	-0.05%	–
WFC	Exit	WELLS FARGO 50.0 CALL 15NOV19call	$0	–	-75,000	–	-0.05%	–
COP	Exit	CALL ON COP 11/15/2019 @ 57.5call	$0	–	-30,000	–	-0.07%	–
UTX	Exit	UNITED TECHN 125.0 CALL 18OCT19call	$0	–	-20,000	–	-0.08%	–
WPX	Exit	WPX ENERGY ORD	$0	–	-31,000	–	-0.12%	–
MO	Exit	ALTRIA GROUP ORD	$0	–	-9,000	–	-0.13%	–
KHC	Exit	KRAFT HEINZ ORD	$0	–	-15,000	–	-0.15%	–
RIG	Exit	TRANSOCEAN ORD	$0	–	-100,000	–	-0.16%	–
T	Exit	AT&T ORD	$0	–	-20,000	–	-0.27%	–
	Exit	FEDERAL HOME LOAN BANK STOCK - ATLANTA	$0	–	-7,786	–	-0.28%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL ORD	$0	–	-12,000	–	-0.32%	–
AIR	Exit	AAR ORD	$0	–	-22,547	–	-0.33%	–
INTC	Exit	INTEL ORD	$0	–	-25,000	–	-0.46%	–
BCX	Exit	BLACKROCK RES & COMM STR	$0	–	-200,000	–	-0.53%	–
KTOS	Exit	KRATOS DEFENSE AND SECURITY SOLS ORD	$0	–	-100,000	–	-0.66%	–
BHP	Exit	BHP GROUP ADR	$0	–	-40,000	–	-0.70%	–
SCSC	Exit	SCANSOURCE ORD	$0	–	-65,400	–	-0.71%	–
NEM	Exit	NEWMONT GOLDCORP ORD	$0	–	-70,000	–	-0.94%	–
ENB	Exit	ENBRIDGE ORD	$0	–	-78,720	–	-0.98%	–
D	Exit	DOMINION ENERGY ORD	$0	–	-34,528	–	-0.99%	–
FLR	Exit	FLUOR ORD	$0	–	-150,000	–	-1.02%	–
TMO	Exit	THERMO FISHER SCIENTIFIC ORD	$0	–	-10,900	–	-1.12%	–
AES	Exit	THE AES CORPORATION	$0	–	-200,000	–	-1.16%	–
BDX	Exit	BECTON DICKINSON ORD	$0	–	-13,123	–	-1.18%	–
PSX	Exit	PHILLIPS 66 ORD	$0	–	-32,500	–	-1.18%	–
ABT	Exit	ABBOTT LABORATORIES ORD	$0	–	-40,000	–	-1.18%	–
SLB	Exit	SCHLUMBERGER ORD	$0	–	-100,000	–	-1.21%	–
	Exit	ECHO GLOBAL LOGISTICS INCbond	$0	–	-3,500,000	–	-1.23%	–
NUAN	Exit	NUANCE COMMUNICATIONS ORD	$0	–	-219,600	–	-1.27%	–
WMB	Exit	WILLIAMS ORD	$0	–	-150,300	–	-1.28%	–
GD	Exit	GENERAL DYNAMICS ORD	$0	–	-20,000	–	-1.29%	–
WFC	Exit	WELLS FARGO ORD	$0	–	-75,000	–	-1.34%	–
ENS	Exit	ENERSYS ORD	$0	–	-60,000	–	-1.40%	–
LHX	Exit	L3HARRIS TECHNOLOGIES ORD	$0	–	-20,000	–	-1.48%	–
COP	Exit	CONOCOPHILLIPS ORD	$0	–	-75,000	–	-1.51%	–
RDSA	Exit	ROYAL DUTCH SHELL ADR REP 2 CL A ORD	$0	–	-75,000	–	-1.56%	–
BAC	Exit	BANK OF AMERICA ORD	$0	–	-160,000	–	-1.65%	–
AVAV	Exit	AEROVIRONMENT ORD	$0	–	-100,000	–	-1.90%	–
PFE	Exit	PFIZER ORD	$0	–	-166,050	–	-2.11%	–
BAX	Exit	BAXTER INTERNATIONAL ORD	$0	–	-70,000	–	-2.17%	–
CP	Exit	CANADIAN PACIFIC RAILWAY ORD	$0	–	-30,000	–	-2.36%	–
ABBV	Exit	ABBVIE ORD	$0	–	-90,000	–	-2.41%	–
XOM	Exit	EXXON MOBIL ORD	$0	–	-105,000	–	-2.62%	–
CVX	Exit	CHEVRON ORD	$0	–	-69,240	–	-2.91%	–
MRK	Exit	MERCK & CO ORD	$0	–	-100,000	–	-2.98%	–
SPXS	Exit	DIREXION:S&P 500 BEAR 3X	$0	–	-500,000	–	-3.03%	–
BMY	Exit	BRISTOL MYERS SQUIBB ORD	$0	–	-170,000	–	-3.05%	–
JNJ	Exit	JOHNSON & JOHNSON ORD	$0	–	-70,000	–	-3.20%	–
BP	Exit	BP ADR EACH REPSTNG SIX ORD	$0	–	-247,940	–	-3.33%	–
CVS	Exit	CVS HEALTH ORD	$0	–	-150,000	–	-3.35%	–
UTX	Exit	UNITED TECHNOLOGIES ORD	$0	–	-71,900	–	-3.47%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES ORD	$0	–	-83,000	–	-4.27%	–
RTN	Exit	RAYTHEON ORD	$0	–	-65,000	–	-4.51%	–
DUK	Exit	DUKE ENERGY ORD	$0	–	-150,166	–	-5.09%	–
LMT	Exit	LOCKHEED MARTIN ORD	$0	–	-37,800	–	-5.22%	–
NOC	Exit	NORTHROP GRUMMAN ORD	$0	–	-40,093	–	-5.32%	–
MSFT	Exit	MICROSOFT ORD	$0	–	-132,000	–	-6.49%	–

Q3 2019

			Value		Shares		↓ Weighting
LMT	Sell	LOCKHEED MARTIN ORD	$14,744,000	-29.8%	37,800	-34.6%	5.22%	-24.5%
UTX	Sell	UNITED TECHNOLOGIES ORD	$9,816,000	-16.2%	71,900	-20.1%	3.47%	-9.9%
BMY	Sell	BRISTOL MYERS SQUIBB ORD	$8,621,000	-13.6%	170,000	-22.7%	3.05%	-7.0%
LHX	New	L3HARRIS TECHNOLOGIES ORD	$4,173,000	–	20,000	–	1.48%	–
WMB	Buy	WILLIAMS ORD	$3,616,000	+28.6%	150,300	+49.9%	1.28%	+38.4%
	Buy	ECHO GLOBAL LOGISTICS INCbond	$3,482,000	+134.6%	3,500,000	+133.3%	1.23%	+152.5%
AES	Buy	THE AES CORPORATION	$3,268,000	+95.0%	200,000	+100.0%	1.16%	+109.8%
FLR	Buy	FLUOR ORD	$2,870,000	+70.3%	150,000	+200.0%	1.02%	+83.4%
KTOS	Buy	KRATOS DEFENSE AND SECURITY SOLS ORD	$1,860,000	+18.6%	100,000	+46.0%	0.66%	+27.5%
	New	FEDERAL HOME LOAN BANK STOCK - ATLANTA	$779,000	–	7,786	–	0.28%	–
T	Sell	AT&T ORD	$757,000	-92.9%	20,000	-93.8%	0.27%	-92.4%
UTX	Sell	UNITED TECHN 125.0 CALL 18OCT19call	$237,000	+30.9%	20,000	-71.4%	0.08%	+40.0%
COP	New	CALL ON COP 11/15/2019 @ 57.5call	$195,000	–	30,000	–	0.07%	–
WFC	New	WELLS FARGO 50.0 CALL 15NOV19call	$152,000	–	75,000	–	0.05%	–
FLR	New	FLUOR CORP 20.0 CALL 17JAN20call	$151,000	–	50,000	–	0.05%	–
NOC	New	NORTHROP GRU 375.0 CALL 15NOV19call	$139,000	–	10,000	–	0.05%	–
MDRIQ	Sell	MCDERMOTT INTERNATIONAL ORD	$101,000	-85.2%	50,000	-29.4%	0.04%	-84.0%
AVAV	New	CALL ON AVAV 12/20/2019 @ 65.0call	$98,000	–	30,000	–	0.04%	–
BMY	New	BRISTOL-MYER 52.5 CALL 20DEC19call	$68,000	–	50,000	–	0.02%	–
INTC	New	INTEL CORP 50.0 CALL 18OCT19call	$43,000	–	25,000	–	0.02%	–
SPXS	Sell	DIREXION DAI 27.0 CALL 18OCT19call	$38,000	-38.7%	150,000	-14.3%	0.01%	-35.0%
ENB	Exit	ENBRIDGE INC 37.5 CALL 19JUL19call	$0	–	-78,000	–	-0.00%	–
ABBV	Exit	ABBVIE INC 85.0 CALL 20SEP19call	$0	–	-30,000	–	-0.00%	–
JNJ	Exit	JOHNSON 145.0 CALL 20SEP19call	$0	–	-20,000	–	-0.01%	–
NUAN	Exit	NUANCE COMMU 17.0 CALL 19JUL19call	$0	–	-200,000	–	-0.02%	–
KTOS	Exit	KRATOS DEFEN 25.0 CALL 16AUG19call	$0	–	-60,000	–	-0.02%	–
HRS	Exit	HARRIS CORP 185.0 CALL 16AUG19call	$0	–	-10,000	–	-0.03%	–
FLO	Exit	CALL ON FLO 07/19/19 @ 022.500call	$0	–	-120,000	–	-0.05%	–
GDX	Exit	VANECK VECTO 25.0 CALL 20SEP19call	$0	–	-100,000	–	-0.06%	–
LMT	Exit	LOCKHEED MAR 365.0 CALL 20SEP19call	$0	–	-20,000	–	-0.08%	–
MAXR	Exit	MAXAR TECHNOLOGIES ORD	$0	–	-35,000	–	-0.09%	–
T	Exit	CALL ON T 09/20/2019 @ 33.0call	$0	–	-300,000	–	-0.11%	–
GOLD	Exit	BARRICK GOLD ORD	$0	–	-100,000	–	-0.52%	–
GDX	Exit	VNECK VCTRS:GOLD MINERS	$0	–	-100,000	–	-0.84%	–
FLO	Exit	FLOWERS FOODS ORD	$0	–	-120,000	–	-0.92%	–
HRS	Exit	L3HARRIS TECHNOLOGIES ORD	$0	–	-30,000	–	-1.87%	–

Q2 2019

			Value		Shares		↓ Weighting
LMT	New	LOCKHEED MARTIN ORD	$21,013,000	–	57,800	–	6.91%	–
MSFT	New	MICROSOFT ORD	$17,683,000	–	132,000	–	5.82%	–
DUK	New	DUKE ENERGY ORD	$13,251,000	–	150,166	–	4.36%	–
NOC	New	NORTHROP GRUMMAN ORD	$12,954,000	–	40,093	–	4.26%	–
UTX	New	UNITED TECHNOLOGIES ORD*w	$11,718,000	–	90,000	–	3.86%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES ORD	$11,446,000	–	83,000	–	3.77%	–
RTN	New	RAYTHEON ORD	$11,302,000	–	65,000	–	3.72%	–
T	New	AT&T ORD	$10,723,000	–	320,000	–	3.53%	–
BP	New	BP ADR EACH REPSTNG SIX ORD	$10,339,000	–	247,940	–	3.40%	–
BMY	New	BRISTOL MYERS SQUIBB ORD	$9,977,000	–	220,000	–	3.28%	–
JNJ	New	JOHNSON & JOHNSON ORD	$9,750,000	–	70,000	–	3.21%	–
SPXS	New	DIREXION:S&P 500 BEAR 3X	$9,190,000	–	500,000	–	3.02%	–
CVX	New	CHEVRON ORD	$8,616,000	–	69,240	–	2.84%	–
MRK	New	MERCK & CO ORD	$8,385,000	–	100,000	–	2.76%	–
CVS	New	CVS HEALTH ORD	$8,174,000	–	150,000	–	2.69%	–
XOM	New	EXXON MOBIL ORD	$8,046,000	–	105,000	–	2.65%	–
PFE	New	PFIZER ORD	$7,193,000	–	166,050	–	2.37%	–
CP	New	CANADIAN PACIFIC RAILWAY ORD	$7,081,000	–	30,000	–	2.33%	–
ABBV	New	ABBVIE ORD	$6,545,000	–	90,000	–	2.15%	–
BAX	New	BAXTER INTERNATIONAL ORD	$5,733,000	–	70,000	–	1.89%	–
AVAV	New	AEROVIRONMENT ORD	$5,677,000	–	100,000	–	1.87%	–
HRS	New	L3HARRIS TECHNOLOGIES ORD	$5,674,000	–	30,000	–	1.87%	–
RDSA	New	ROYAL DUTCH SHELL ADR REP 2 CL A ORD	$4,880,000	–	75,000	–	1.61%	–
BAC	New	BANK OF AMERICA ORD	$4,640,000	–	160,000	–	1.53%	–
COP	New	CONOCOPHILLIPS ORD	$4,575,000	–	75,000	–	1.50%	–
ENS	New	ENERSYS ORD	$4,110,000	–	60,000	–	1.35%	–
SLB	New	SCHLUMBERGER ORD	$3,974,000	–	100,000	–	1.31%	–
GD	New	GENERAL DYNAMICS ORD	$3,636,000	–	20,000	–	1.20%	–
WFC	New	WELLS FARGO ORD	$3,549,000	–	75,000	–	1.17%	–
NUAN	New	NUANCE COMMUNICATIONS ORD	$3,507,000	–	219,600	–	1.15%	–
ABT	New	ABBOTT LABORATORIES ORD	$3,364,000	–	40,000	–	1.11%	–
BDX	New	BECTON DICKINSON ORD	$3,307,000	–	13,123	–	1.09%	–
TMO	New	THERMO FISHER SCIENTIFIC ORD	$3,201,000	–	10,900	–	1.05%	–
PSX	New	PHILLIPS 66 ORD	$3,040,000	–	32,500	–	1.00%	–
ENB	New	ENBRIDGE ORD	$2,849,000	–	78,720	–	0.94%	–
WMB	New	WILLIAMS ORD	$2,812,000	–	100,300	–	0.92%	–
FLO	New	FLOWERS FOODS ORD	$2,792,000	–	120,000	–	0.92%	–
NEM	New	NEWMONT GOLDCORP ORD	$2,693,000	–	70,000	–	0.89%	–
D	New	DOMINION ENERGY ORD	$2,670,000	–	34,528	–	0.88%	–
GDX	New	VNECK VCTRS:GOLD MINERS	$2,556,000	–	100,000	–	0.84%	–
BHP	New	BHP GROUP ADR	$2,324,000	–	40,000	–	0.76%	–
SCSC	New	SCANSOURCE ORD	$2,129,000	–	65,400	–	0.70%	–
FLR	New	FLUOR ORD	$1,685,000	–	50,000	–	0.55%	–
AES	New	AES ORD	$1,676,000	–	100,000	–	0.55%	–
BCX	New	BLACKROCK RES & COMM STR	$1,636,000	–	200,000	–	0.54%	–
GOLD	New	BARRICK GOLD ORD	$1,582,000	–	100,000	–	0.52%	–
KTOS	New	KRATOS DEFENSE AND SECURITY SOLS ORD	$1,568,000	–	68,503	–	0.52%	–
	New	ECHO GLOBAL LOGISTICS INCbond	$1,484,000	–	1,500,000	–	0.49%	–
INTC	New	INTEL ORD	$1,197,000	–	25,000	–	0.39%	–
PM	New	PHILIP MORRIS INTERNATIONAL ORD	$942,000	–	12,000	–	0.31%	–
AIR	New	AAR ORD	$830,000	–	22,547	–	0.27%	–
MDRIQ	New	MCDERMOTT INTERNATIONAL ORD	$684,000	–	70,800	–	0.22%	–
RIG	New	TRANSOCEAN ORD	$641,000	–	100,000	–	0.21%	–
KHC	New	KRAFT HEINZ ORD	$466,000	–	15,000	–	0.15%	–
MO	New	ALTRIA GROUP ORD	$426,000	–	9,000	–	0.14%	–
WPX	New	WPX ENERGY ORD	$357,000	–	31,000	–	0.12%	–
T	New	CALL ON T 09/20/2019 @ 33.0call	$330,000	–	300,000	–	0.11%	–
MAXR	New	MAXAR TECHNOLOGIES ORD	$274,000	–	35,000	–	0.09%	–
LMT	New	LOCKHEED MAR 365.0 CALL 20SEP19call	$246,000	–	20,000	–	0.08%	–
GDX	New	VANECK VECTO 25.0 CALL 20SEP19call	$188,000	–	100,000	–	0.06%	–
UTX	New	UNITED TECHN 140.0 CALL 16AUG19call	$181,000	–	70,000	–	0.06%	–
FLO	New	CALL ON FLO 07/19/19 @ 022.500call	$162,000	–	120,000	–	0.05%	–
HRS	New	HARRIS CORP 185.0 CALL 16AUG19call	$95,000	–	10,000	–	0.03%	–
SPXS	New	DIREXION DAI 27.0 CALL 18OCT19call	$62,000	–	175,000	–	0.02%	–
KTOS	New	KRATOS DEFEN 25.0 CALL 16AUG19call	$54,000	–	60,000	–	0.02%	–
NUAN	New	NUANCE COMMU 17.0 CALL 19JUL19call	$50,000	–	200,000	–	0.02%	–
JNJ	New	JOHNSON 145.0 CALL 20SEP19call	$37,000	–	20,000	–	0.01%	–
ABBV	New	ABBVIE INC 85.0 CALL 20SEP19call	$12,000	–	30,000	–	0.00%	–
ENB	New	ENBRIDGE INC 37.5 CALL 19JUL19call	$8,000	–	78,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
SLB	Exit	SCHLUMBERGER 70.0 CALL 16NOV18call	$0	–	-22,000	–	-0.00%	–
SPXS	Exit	DIREXION DAI 26.0 CALL 19OCT18call	$0	–	-100,000	–	-0.01%	–
MHLD	Exit	MAIDEN HOLDI 7.5 CALL 16NOV18call	$0	–	-100,000	–	-0.01%	–
BP	Exit	BP PLC 47.0 CALL 19OCT18call	$0	–	-30,000	–	-0.01%	–
CPB	Exit	CAMPBELL SOUP 43 CALL 16NOV18call	$0	–	-85,000	–	-0.01%	–
PFE	Exit	PFIZER INC 45.0 CALL 21DEC18call	$0	–	-30,000	–	-0.01%	–
ABBV	Exit	ABBVIE INC 97.5 CALL 19OCT18call	$0	–	-30,000	–	-0.01%	–
CC	Exit	CHEMOURS ORD	$0	–	-1,200	–	-0.02%	–
MRK	Exit	MRK 72.50 CALL 18JAN19call	$0	–	-30,000	–	-0.02%	–
CVS	Exit	CVS 77.50 CALL 16NOV18call	$0	–	-30,000	–	-0.03%	–
GRMN	Exit	GARMIN LTD 67.5 CALL 19OCT18call	$0	–	-36,500	–	-0.04%	–
T	Exit	ATT INC 35.0 CALL 21DEC18call	$0	–	-200,000	–	-0.04%	–
KHC	Exit	KRAFT HEINZ ORD	$0	–	-5,000	–	-0.09%	–
MAXR	Exit	MAXAR TECHNOLOGIES ORD	$0	–	-10,000	–	-0.10%	–
FLR	Exit	FLUOR CORP 50.0 CALL 19OCT18call	$0	–	-50,000	–	-0.13%	–
DWDP	Exit	DOWDUPONT ORD	$0	–	-7,692	–	-0.15%	–
NUAN	Exit	NUANCE COMMU 16.0 CALL 19OCT18call	$0	–	-270,000	–	-0.16%	–
MO	Exit	ALTRIA GROUP ORD	$0	–	-9,000	–	-0.17%	–
WPX	Exit	WPX ENERGY ORD	$0	–	-31,000	–	-0.19%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL ORD	$0	–	-12,000	–	-0.30%	–
AIR	Exit	AAR ORD	$0	–	-22,547	–	-0.34%	–
MHLD	Exit	MAIDEN HOLDINGS ORD	$0	–	-385,005	–	-0.34%	–
GOLD	Exit	BARRICK GOLD ORD	$0	–	-100,000	–	-0.34%	–
GLD	Exit	SPDR GOLD	$0	–	-10,000	–	-0.35%	–
MDRIQ	Exit	MCDERMOTT INTERNATIONAL ORD	$0	–	-70,800	–	-0.40%	–
RIG	Exit	TRANSOCEAN ORD	$0	–	-100,000	–	-0.43%	–
BCX	Exit	BLACKROCK RES & COMM STR	$0	–	-200,000	–	-0.56%	–
BHP	Exit	BHP BILLITON ADR REP 2 ORD	$0	–	-40,000	–	-0.62%	–
BAC	Exit	BANK OF AMERICA ORD	$0	–	-70,000	–	-0.64%	–
FLO	Exit	FLOWERS FOODS ORD	$0	–	-120,000	–	-0.70%	–
D	Exit	DOMINION ENERGY ORD	$0	–	-34,528	–	-0.75%	–
ENB	Exit	ENBRIDGE ORD	$0	–	-78,720	–	-0.79%	–
GRMN	Exit	GARMIN ORD	$0	–	-36,500	–	-0.79%	–
SCSC	Exit	SCANSOURCE ORD	$0	–	-65,400	–	-0.81%	–
TMO	Exit	THERMO FISHER SCIENTIFIC ORD	$0	–	-10,900	–	-0.83%	–
WMB	Exit	WILLIAMS ORD	$0	–	-100,300	–	-0.85%	–
GDX	Exit	VNECK VCTRS:GOLD MINERS	$0	–	-150,000	–	-0.86%	–
INTC	Exit	INTEL ORD	$0	–	-59,044	–	-0.87%	–
AES	Exit	AES ORD	$0	–	-200,000	–	-0.87%	–
FLR	Exit	FLUOR ORD	$0	–	-50,000	–	-0.90%	–
AVAV	Exit	AEROVIRONMEN 90.0 CALL 21DEC18call	$0	–	-100,000	–	-0.90%	–
ABT	Exit	ABBOTT LABORATORIES ORD	$0	–	-40,000	–	-0.91%	–
NEM	Exit	NEWMONT MINING ORD	$0	–	-100,000	–	-0.94%	–
CPB	Exit	CAMPBELL SOUP ORD	$0	–	-85,000	–	-0.97%	–
BDX	Exit	BECTON DICKINSON ORD	$0	–	-13,123	–	-1.06%	–
PSX	Exit	PHILLIPS 66 ORD	$0	–	-32,500	–	-1.14%	–
CSCO	Exit	CISCO SYSTEMS ORD	$0	–	-77,448	–	-1.17%	–
GD	Exit	GENERAL DYNAMICS ORD	$0	–	-20,000	–	-1.27%	–
HRS	Exit	HARRIS ORD	$0	–	-30,000	–	-1.58%	–
RDSA	Exit	ROYAL DUTCH SHELL ADR REP 2 CL A ORD	$0	–	-75,000	–	-1.59%	–
BAX	Exit	BAXTER INTERNATIONAL ORD	$0	–	-70,000	–	-1.68%	–
ABBV	Exit	ABBVIE ORD	$0	–	-60,000	–	-1.76%	–
COP	Exit	CONOCOPHILLIPS ORD	$0	–	-75,000	–	-1.80%	–
SLB	Exit	SCHLUMBERGER ORD	$0	–	-100,000	–	-1.89%	–
CP	Exit	CANADIAN PACIFIC RAILWAY ORD	$0	–	-30,000	–	-1.97%	–
WFC	Exit	WELLS FARGO ORD	$0	–	-125,000	–	-2.04%	–
NUAN	Exit	NUANCE COMMUNICATIONS ORD	$0	–	-389,600	–	-2.10%	–
JNJ	Exit	JOHNSON & JOHNSON ORD	$0	–	-50,000	–	-2.14%	–
PFE	Exit	PFIZER ORD	$0	–	-166,050	–	-2.27%	–
CVS	Exit	CVS HEALTH ORD	$0	–	-100,000	–	-2.44%	–
CVX	Exit	CHEVRON ORD	$0	–	-69,240	–	-2.63%	–
SPXS	Exit	DIREXION:S&P 500 BEAR 3X	$0	–	-400,000	–	-2.66%	–
XOM	Exit	EXXON MOBIL ORD	$0	–	-105,000	–	-2.77%	–
BP	Exit	BP ADR EACH REPSTNG SIX ORD	$0	–	-197,940	–	-2.83%	–
MRK	Exit	MERCK & CO ORD	$0	–	-130,000	–	-2.86%	–
UTX	Exit	UNITED TECHNOLOGIES ORD	$0	–	-75,000	–	-3.26%	–
T	Exit	AT&T ORD	$0	–	-320,000	–	-3.34%	–
BMY	Exit	BRISTOL MYERS SQUIBB ORD	$0	–	-175,000	–	-3.37%	–
AVAV	Exit	AEROVIRONMENT ORD	$0	–	-100,000	–	-3.48%	–
DUK	Exit	DUKE ENERGY ORD	$0	–	-150,166	–	-3.73%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES ORD	$0	–	-83,000	–	-3.90%	–
NOC	Exit	NORTHROP GRUMMAN ORD	$0	–	-40,093	–	-3.95%	–
RTN	Exit	RAYTHEON ORD	$0	–	-65,000	–	-4.17%	–
MSFT	Exit	MICROSOFT ORD	$0	–	-132,000	–	-4.69%	–
LMT	Exit	LOCKHEED MARTIN ORD	$0	–	-57,800	–	-6.21%	–

Q3 2018

			Value		Shares		↓ Weighting
AVAV	Sell	AEROVIRONMENT ORD	$11,217,000	+20.8%	100,000	-23.1%	3.48%	+13.6%
BMY	Sell	BRISTOL MYERS SQUIBB ORD	$10,864,000	-14.6%	175,000	-23.9%	3.37%	-19.8%
CSCO	Sell	CISCO SYSTEMS ORD	$3,768,000	-25.4%	77,448	-34.1%	1.17%	-29.9%
NEM	Buy	NEWMONT MINING ORD	$3,020,000	+14.4%	100,000	+42.9%	0.94%	+7.6%
AVAV	Buy	AEROVIRONMEN 90.0 CALL 21DEC18call	$2,911,000	+2156.6%	100,000	+233.3%	0.90%	+2002.3%
AES	New	AES ORD	$2,800,000	–	200,000	–	0.87%	–
WMB	Sell	WILLIAMS ORD	$2,727,000	-22.8%	100,300	-23.0%	0.85%	-27.4%
BAC	Buy	BANK OF AMERICA ORD	$2,062,000	+108.3%	70,000	+100.0%	0.64%	+95.7%
MDRIQ	New	MCDERMOTT INTERNATIONAL ORD	$1,305,000	–	70,800	–	0.40%	–
MHLD	Buy	MAIDEN HOLDINGS ORD	$1,097,000	-24.7%	385,005	+104.9%	0.34%	-29.1%
PM	Buy	PHILIP MORRIS INTERNATIONAL ORD	$978,000	+304.1%	12,000	+300.0%	0.30%	+280.0%
MO	New	ALTRIA GROUP ORD	$543,000	–	9,000	–	0.17%	–
NUAN	Buy	NUANCE COMMU 16.0 CALL 19OCT18call	$508,000	+706.3%	270,000	+68.8%	0.16%	+652.4%
FLR	New	FLUOR CORP 50.0 CALL 19OCT18call	$408,000	–	50,000	–	0.13%	–
MAXR	New	MAXAR TECHNOLOGIES ORD	$329,000	–	10,000	–	0.10%	–
T	New	ATT INC 35.0 CALL 21DEC18call	$126,000	–	200,000	–	0.04%	–
GRMN	New	GARMIN LTD 67.5 CALL 19OCT18call	$112,000	–	36,500	–	0.04%	–
MRK	New	MRK 72.50 CALL 18JAN19call	$61,000	–	30,000	–	0.02%	–
ABBV	New	ABBVIE INC 97.5 CALL 19OCT18call	$44,000	–	30,000	–	0.01%	–
CPB	Buy	CAMPBELL SOUP 43 CALL 16NOV18call	$24,000	-82.6%	85,000	+112.5%	0.01%	-84.8%
PFE	New	PFIZER INC 45.0 CALL 21DEC18call	$23,000	–	30,000	–	0.01%	–
MHLD	New	MAIDEN HOLDI 7.5 CALL 16NOV18call	$15,000	–	100,000	–	0.01%	–
SPXS	Sell	DIREXION DAI 26.0 CALL 19OCT18call	$15,000	-94.4%	100,000	-50.0%	0.01%	-94.3%
RIG	Exit	TRANSOCEAN L 15.0 CALL 17AUG18call	$0	–	-5,000	–	-0.00%	–
WMB	Exit	WILLIAMS COS 27.0 CALL 17AUG18call	$0	–	-30,000	–	-0.01%	–
WFC	Exit	WELLS FARGO 57.5 CALL 21SEP18call	$0	–	-50,000	–	-0.02%	–
BMY	Exit	BRISTOL-MYERS 57.50 CALL 21SEP18call	$0	–	-55,000	–	-0.03%	–
MDRIQ	Exit	MCDERMOTT IN 7.0 CALL 17AUG18call	$0	–	-180,000	–	-0.05%	–
MDRIQ	Exit	MCDERMOTT INTERNATIONAL ORDbond	$0	–	-70,800	–	-0.46%	–
AES	Exit	AES ORD	$0	–	-200,000	–	-0.89%	–

Q2 2018

			Value		Shares		↓ Weighting
LMT	New	LOCKHEED MARTIN ORD	$17,076,000	–	57,800	–	5.64%	–
MSFT	New	MICROSOFT ORD	$13,017,000	–	132,000	–	4.30%	–
BMY	New	BRISTOL MYERS SQUIBB ORD	$12,728,000	–	230,000	–	4.20%	–
RTN	New	RAYTHEON ORD	$12,557,000	–	65,000	–	4.15%	–
NOC	New	NORTHROP GRUMMAN ORD	$12,337,000	–	40,093	–	4.08%	–
DUK	New	DUKE ENERGY ORD	$11,875,000	–	150,166	–	3.92%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES ORD	$11,595,000	–	83,000	–	3.83%	–
SPXS	New	DIREXION:S&P 500 BEAR 3X	$10,588,000	–	400,000	–	3.50%	–
T	New	AT&T ORD	$10,275,000	–	320,000	–	3.39%	–
UTX	New	UNITED TECHNOLOGIES ORD	$9,377,000	–	75,000	–	3.10%	–
AVAV	New	AEROVIRONMENT ORD	$9,286,000	–	130,000	–	3.07%	–
BP	New	BP ADR EACH REPSTNG SIX ORD	$9,038,000	–	197,940	–	2.98%	–
CVX	New	CHEVRON ORD	$8,754,000	–	69,240	–	2.89%	–
XOM	New	EXXON MOBIL ORD	$8,687,000	–	105,000	–	2.87%	–
MRK	New	MERCK & CO ORD	$7,891,000	–	130,000	–	2.61%	–
WFC	New	WELLS FARGO ORD	$6,930,000	–	125,000	–	2.29%	–
SLB	New	SCHLUMBERGER ORD	$6,703,000	–	100,000	–	2.21%	–
CVS	New	CVS HEALTH ORD	$6,435,000	–	100,000	–	2.13%	–
JNJ	New	JOHNSON & JOHNSON ORD	$6,067,000	–	50,000	–	2.00%	–
PFE	New	PFIZER ORD	$6,024,000	–	166,050	–	1.99%	–
ABBV	New	ABBVIE ORD	$5,559,000	–	60,000	–	1.84%	–
CP	New	CANADIAN PACIFIC RAILWAY ORD	$5,495,000	–	30,000	–	1.82%	–
NUAN	New	NUANCE COMMUNICATIONS ORD	$5,410,000	–	389,600	–	1.79%	–
COP	New	CONOCOPHILLIPS ORD	$5,222,000	–	75,000	–	1.72%	–
RDSA	New	ROYAL DUTCH SHELL ADR RPSTG 2 A ORD	$5,192,000	–	75,000	–	1.72%	–
BAX	New	BAXTER INTERNATIONAL ORD	$5,169,000	–	70,000	–	1.71%	–
CSCO	New	CISCO SYSTEMS ORD	$5,054,000	–	117,448	–	1.67%	–
HRS	New	HARRIS ORD	$4,336,000	–	30,000	–	1.43%	–
GD	New	GENERAL DYNAMICS ORD	$3,728,000	–	20,000	–	1.23%	–
PSX	New	PHILLIPS 66 ORD	$3,650,000	–	32,500	–	1.21%	–
WMB	New	WILLIAMS ORD	$3,532,000	–	130,300	–	1.17%	–
CPB	New	CAMPBELL SOUP ORD	$3,446,000	–	85,000	–	1.14%	–
GDX	New	VNECK VCTRS:GOLD MINERS	$3,347,000	–	150,000	–	1.11%	–
BDX	New	BECTON DICKINSON ORD	$3,144,000	–	13,123	–	1.04%	–
INTC	New	INTEL ORD	$2,935,000	–	59,044	–	0.97%	–
ENB	New	ENBRIDGE ORD	$2,813,000	–	78,720	–	0.93%	–
AES	New	AES ORD	$2,682,000	–	200,000	–	0.89%	–
NEM	New	NEWMONT MINING ORD	$2,640,000	–	70,000	–	0.87%	–
SCSC	New	SCANSOURCE ORD	$2,636,000	–	65,400	–	0.87%	–
FLO	New	FLOWERS FOODS ORD	$2,500,000	–	120,000	–	0.83%	–
ABT	New	ABBOTT LABORATORIES ORD	$2,440,000	–	40,000	–	0.81%	–
FLR	New	FLUOR ORD	$2,439,000	–	50,000	–	0.81%	–
D	New	DOMINION ENERGY ORD	$2,354,000	–	34,528	–	0.78%	–
TMO	New	THERMO FISHER SCIENTIFIC ORD	$2,258,000	–	10,900	–	0.75%	–
GRMN	New	GARMIN ORD	$2,227,000	–	36,500	–	0.74%	–
BHP	New	BHP BILLITON ADR REP 2 ORD	$2,000,000	–	40,000	–	0.66%	–
BCX	New	BLACKROCK RES & COMM STR	$1,858,000	–	200,000	–	0.61%	–
MHLD	New	MAIDEN HOLDINGS ORD	$1,456,000	–	187,923	–	0.48%	–
MDRIQ	New	MCDERMOTT INTERNATIONAL ORDbond	$1,391,000	–	70,800	–	0.46%	–
RIG	New	TRANSOCEAN ORD	$1,344,000	–	100,000	–	0.44%	–
GOLD	New	BARRICK GOLD ORD	$1,313,000	–	100,000	–	0.43%	–
GLD	New	SPDR GOLD	$1,187,000	–	10,000	–	0.39%	–
AIR	New	AAR ORD	$1,048,000	–	22,547	–	0.35%	–
BAC	New	BANK OF AMERICA ORD	$990,000	–	35,000	–	0.33%	–
WPX	New	WPX ENERGY ORD	$559,000	–	31,000	–	0.18%	–
DWDP	New	DOWDUPONT ORD	$507,000	–	7,692	–	0.17%	–
KHC	New	KRAFT HEINZ ORD	$314,000	–	5,000	–	0.10%	–
SPXS	New	DIREXION DAI 35.0 CALL 20JUL18call	$266,000	–	200,000	–	0.09%	–
PM	New	PHILIP MORRIS INTERNATIONAL ORD	$242,000	–	3,000	–	0.08%	–
CPB	New	CAMPBELL SOU 40.0 CALL 16NOV18call	$138,000	–	40,000	–	0.05%	–
MDRIQ	New	MCDERMOTT IN 7.0 CALL 17AUG18call	$140,000	–	180,000	–	0.05%	–
AVAV	New	AEROVIRONMEN 65.0 CALL 21SEP18call	$129,000	–	30,000	–	0.04%	–
BMY	New	BRISTOL-MYERS 57.50 CALL 21SEP18call	$95,000	–	55,000	–	0.03%	–
NUAN	New	NUANCE COMMU 18.0 CALL 20JUL18call	$63,000	–	160,000	–	0.02%	–
SLB	New	SCHLUMBERGER 70.0 CALL 16NOV18call	$62,000	–	22,000	–	0.02%	–
CC	New	CHEMOURS ORD	$53,000	–	1,200	–	0.02%	–
BP	New	BP PLC 45.0 CALL 20JUL18call	$47,000	–	30,000	–	0.02%	–
WFC	New	WELLS FARGO 57.5 CALL 21SEP18call	$46,000	–	50,000	–	0.02%	–
WMB	New	WILLIAMS COS 27.0 CALL 17AUG18call	$29,000	–	30,000	–	0.01%	–
CVS	New	CVS HEALTH C 75.0 CALL 17AUG18call	$10,000	–	30,000	–	0.00%	–
RIG	New	TRANSOCEAN L 15.0 CALL 17AUG18call	$3,000	–	5,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
CPB	Exit	CAMPBELL SOU 52.5 CALL 17NOV17call	$0	–	-15,000	–	-0.00%	–
NUAN	Exit	NUANCE COMMU 18.0 CALL 20OCT17call	$0	–	-94,800	–	-0.00%	–
GDX	Exit	VANECK VECTO 25.0 CALL 15DEC17call	$0	–	-50,000	–	-0.01%	–
MRK	Exit	MERCK & CO I 65.0 CALL 20OCT17call	$0	–	-40,000	–	-0.01%	–
CSCO	Exit	CISCO SYSTEM 33.0 CALL 20OCT17call	$0	–	-30,000	–	-0.01%	–
CC	Exit	CHEMOURS ORD	$0	–	-1,200	–	-0.02%	–
BW	Exit	BABCOCK AND WILCOX ENTERPRISES ORD	$0	–	-25,000	–	-0.03%	–
RIG	Exit	TRANSOCEAN L 10.0 CALL 17NOV17call	$0	–	-100,000	–	-0.04%	–
BMY	Exit	BRISTOL-MYER 65.0 CALL 15DEC17call	$0	–	-60,000	–	-0.04%	–
WPX	Exit	WPX ENERGY I 11.0 CALL 19JAN18call	$0	–	-120,000	–	-0.05%	–
APC	Exit	ANADARKO PET 50.0 CALL 19JAN18call	$0	–	-60,000	–	-0.06%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL CL A ORD	$0	–	-5,076	–	-0.07%	–
AVAV	Exit	AEROVIRONMEN 50.0 CALL 20OCT17call	$0	–	-50,000	–	-0.08%	–
OA	Exit	ORBITAL ATK 125.0 CALL 16FEB18call	$0	–	-20,000	–	-0.12%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL ORD	$0	–	-3,000	–	-0.12%	–
KHC	Exit	KRAFT HEINZ ORD	$0	–	-5,000	–	-0.14%	–
T	Exit	AT&T ORD	$0	–	-10,000	–	-0.14%	–
DWDP	Exit	DOWDUPONT ORD	$0	–	-7,692	–	-0.19%	–
MON	Exit	MONSANTO ORD	$0	–	-7,234	–	-0.30%	–
VSTO	Exit	VISTA OUTDOOR ORD	$0	–	-40,000	–	-0.32%	–
BDX	Exit	BECTON DICKINSON ORD	$0	–	-5,000	–	-0.34%	–
NDP	Exit	TORTOISE ENERGY INDEPENDENCE CF	$0	–	-76,135	–	-0.36%	–
AIR	Exit	AAR ORD	$0	–	-30,000	–	-0.40%	–
FLR	Exit	FLUOR ORD	$0	–	-28,700	–	-0.42%	–
GLD	Exit	SPDR GOLD SHARES ETF	$0	–	-10,000	–	-0.42%	–
MDR	Exit	MCDERMOTT INTERNATIONAL ORD	$0	–	-182,400	–	-0.46%	–
SSB	Exit	SOUTH STATE ORD	$0	–	-15,000	–	-0.47%	–
GOLD	Exit	BARRICK GOLD ORD	$0	–	-100,000	–	-0.56%	–
BHP	Exit	BHP BILLITON ADR REP 2 ORD	$0	–	-40,000	–	-0.57%	–
IRBT	Exit	IROBOT ORD	$0	–	-21,500	–	-0.58%	–
RAD	Exit	RITE AID ORD	$0	–	-900,000	–	-0.62%	–
BCX	Exit	BLACKROCK RES AND CMMDITIES STRGY CF	$0	–	-200,000	–	-0.62%	–
RIG	Exit	TRANSOCEAN ORD	$0	–	-167,762	–	-0.63%	–
	Exit	ARES CAPITAL CORPbond	$0	–	-2,000,000	–	-0.70%	–
TMO	Exit	THERMO FISHER SCIENTIFIC ORD	$0	–	-10,900	–	-0.72%	–
CPB	Exit	CAMPBELL SOUP ORD	$0	–	-45,000	–	-0.74%	–
WFC	Exit	WELLS FARGO ORD	$0	–	-38,500	–	-0.74%	–
ABT	Exit	ABBOTT LABORATORIES ORD	$0	–	-40,000	–	-0.74%	–
INTC	Exit	INTEL ORD	$0	–	-59,044	–	-0.78%	–
WPX	Exit	WPX ENERGY ORD	$0	–	-206,000	–	-0.83%	–
SO	Exit	SOUTHERN ORD	$0	–	-50,000	–	-0.86%	–
FLO	Exit	FLOWERS FOODS ORD	$0	–	-136,743	–	-0.90%	–
NEM	Exit	NEWMONT MINING ORD	$0	–	-70,000	–	-0.92%	–
D	Exit	DOMINION ENERGY ORD	$0	–	-34,528	–	-0.93%	–
ABBV	Exit	ABBVIE ORD	$0	–	-30,000	–	-0.93%	–
AVAV	Exit	AEROVIRONMENT ORD	$0	–	-50,000	–	-0.94%	–
SCSC	Exit	SCANSOURCE ORD	$0	–	-65,400	–	-1.00%	–
APC	Exit	ANADARKO PETROLEUM ORD	$0	–	-60,000	–	-1.02%	–
PSX	Exit	PHILLIPS 66 ORD	$0	–	-32,500	–	-1.04%	–
WMB	Exit	WILLIAMS ORD	$0	–	-100,300	–	-1.05%	–
NUAN	Exit	NUANCE COMMUNICATIONS ORD	$0	–	-194,800	–	-1.07%	–
ENB	Exit	ENBRIDGE ORD	$0	–	-78,720	–	-1.15%	–
GDX	Exit	VANECK VECTORS GOLD MINERS ETF	$0	–	-150,000	–	-1.20%	–
CVS	Exit	CVS HEALTH ORD	$0	–	-42,500	–	-1.21%	–
RDSA	Exit	ROYAL DUTCH SHELL ADR RPSTG 2 A ORD	$0	–	-60,000	–	-1.27%	–
HRS	Exit	HARRIS ORD	$0	–	-30,000	–	-1.38%	–
GD	Exit	GENERAL DYNAMICS ORD	$0	–	-20,000	–	-1.44%	–
BAX	Exit	BAXTER INTERNATIONAL ORD	$0	–	-70,000	–	-1.53%	–
GRMN	Exit	GARMIN ORD	$0	–	-86,500	–	-1.63%	–
CSCO	Exit	CISCO SYSTEMS ORD	$0	–	-147,448	–	-1.73%	–
CP	Exit	CANADIAN PACIFIC RAILWAY ORD	$0	–	-30,000	–	-1.76%	–
BCR	Exit	C R BARD ORD	$0	–	-16,000	–	-1.79%	–
SLB	Exit	SCHLUMBERGER ORD	$0	–	-78,000	–	-1.90%	–
PFE	Exit	PFIZER ORD	$0	–	-166,050	–	-2.07%	–
COP	Exit	CONOCOPHILLIPS ORD	$0	–	-125,000	–	-2.18%	–
JNJ	Exit	JOHNSON & JOHNSON ORD	$0	–	-50,000	–	-2.27%	–
OA	Exit	ORBITAL ATK ORD	$0	–	-50,000	–	-2.32%	–
MRK	Exit	MERCK & CO ORD	$0	–	-110,000	–	-2.46%	–
BP	Exit	BP ADR EACH REPSTNG SIX ORD	$0	–	-197,940	–	-2.66%	–
CVX	Exit	CHEVRON ORD	$0	–	-69,240	–	-2.84%	–
XOM	Exit	EXXON MOBIL ORD	$0	–	-105,000	–	-3.01%	–
UTX	Exit	UNITED TECHNOLOGIES ORD	$0	–	-79,150	–	-3.21%	–
MSFT	Exit	MICROSOFT ORD	$0	–	-140,000	–	-3.64%	–
SPXS	Exit	DIREXION SHARES ETF TRUST	$0	–	-300,000	–	-3.81%	–
DUK	Exit	DUKE ENERGY ORD	$0	–	-130,166	–	-3.82%	–
NOC	Exit	NORTHROP GRUMMAN ORD	$0	–	-40,712	–	-4.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES ORD	$0	–	-83,000	–	-4.21%	–
BMY	Exit	BRISTOL MYERS SQUIBB ORD	$0	–	-191,549	–	-4.26%	–
RTN	Exit	RAYTHEON ORD	$0	–	-70,000	–	-4.56%	–
LMT	Exit	LOCKHEED MARTIN ORDbond	$0	–	-60,000	–	-6.50%	–

Q3 2017

			Value		Shares		↓ Weighting
LMT	New	LOCKHEED MARTIN ORDbond	$18,617,000	–	60,000	–	6.50%	–
DUK	Buy	DUKE ENERGY ORD	$10,924,000	+14.5%	130,166	+14.0%	3.82%	+9.1%
SPXS	Buy	DIREXION SHARES ETF TRUST	$10,896,000	+20.0%	300,000	+36.4%	3.81%	+14.4%
MSFT	Sell	MICROSOFT ORD	$10,429,000	-20.4%	140,000	-26.3%	3.64%	-24.1%
JNJ	New	JOHNSON & JOHNSON ORD	$6,501,000	–	50,000	–	2.27%	–
GDX	Buy	VANECK VECTORS GOLD MINERS ETF	$3,444,000	+56.0%	150,000	+50.0%	1.20%	+48.7%
SO	New	SOUTHERN ORD	$2,457,000	–	50,000	–	0.86%	–
WPX	Buy	WPX ENERGY ORD	$2,369,000	+94.7%	206,000	+63.5%	0.83%	+85.4%
CPB	Buy	CAMPBELL SOUP ORD	$2,107,000	+169.4%	45,000	+200.0%	0.74%	+156.4%
RAD	Buy	RITE AID ORD	$1,764,000	-0.3%	900,000	+50.0%	0.62%	-5.1%
DWDP	New	DOWDUPONT ORD	$533,000	–	7,692	–	0.19%	–
OA	New	ORBITAL ATK 125.0 CALL 16FEB18call	$332,000	–	20,000	–	0.12%	–
AVAV	New	AEROVIRONMEN 50.0 CALL 20OCT17call	$236,000	–	50,000	–	0.08%	–
APC	New	ANADARKO PET 50.0 CALL 19JAN18call	$163,000	–	60,000	–	0.06%	–
WPX	Buy	WPX ENERGY I 11.0 CALL 19JAN18call	$149,000	+166.1%	120,000	+71.4%	0.05%	+147.6%
BMY	New	BRISTOL-MYER 65.0 CALL 15DEC17call	$130,000	–	60,000	–	0.04%	–
GDX	Sell	VANECK VECTO 25.0 CALL 15DEC17call	$16,000	-75.8%	50,000	-50.0%	0.01%	-75.0%
NUAN	Sell	NUANCE COMMU 18.0 CALL 20OCT17call	$5,000	0.0%	94,800	-5.2%	0.00%	0.0%
CPB	New	CAMPBELL SOU 52.5 CALL 17NOV17call	$2,000	–	15,000	–	0.00%	–
GRMN	Exit	GARMIN LTD 55.0 CALL 21JUL17call	$0	–	-50,000	–	-0.00%	–
SPXS	Exit	Direxion Daily S& P 500 Bear 50.0 Call 21JUL17call	$0	–	-200,000	–	-0.00%	–
SCSC	Exit	SCANSOURCE I 40.0 CALL 15SEP17call	$0	–	-25,000	–	-0.02%	–
MSFT	Exit	MICROSOFT CO 70.0 CALL 15SEP17call	$0	–	-50,000	–	-0.04%	–
APA	Exit	APACHE ORD	$0	–	-8,000	–	-0.14%	–
MO	Exit	ALTRIA GROUP ORD	$0	–	-6,000	–	-0.16%	–
DD	Exit	E I DU PONT DE NEMOURS ORD	$0	–	-6,000	–	-0.18%	–
VRTX	Exit	VERTEX PHARM 105.0 CALL 21JUL17call	$0	–	-40,000	–	-0.35%	–
SCG	Exit	SCANA ORD	$0	–	-46,000	–	-1.13%	–
VRTX	Exit	VERTEX PHARMACEUTICALS ORD	$0	–	-40,000	–	-1.89%	–
JNJ	Exit	JOHNSON & JOHNSON ORDbond	$0	–	-50,000	–	-2.42%	–
LMT	Exit	LOCKHEED MARTIN ORD	$0	–	-60,000	–	-6.11%	–

Q2 2017

			Value		Shares		↓ Weighting
LMT	New	LOCKHEED MARTIN ORD	$16,657,000	–	60,000	–	6.11%	–
MSFT	New	MICROSOFT ORD	$13,097,000	–	190,000	–	4.80%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES ORD	$12,768,000	–	83,000	–	4.68%	–
RTN	New	RAYTHEON ORD	$11,304,000	–	70,000	–	4.14%	–
BMY	New	BRISTOL MYERS SQUIBB ORD	$10,673,000	–	191,549	–	3.91%	–
NOC	New	NORTHROP GRUMMAN ORD	$10,451,000	–	40,712	–	3.83%	–
UTX	New	UNITED TECHNOLOGIES ORD	$9,665,000	–	79,150	–	3.54%	–
DUK	New	DUKE ENERGY ORD	$9,543,000	–	114,166	–	3.50%	–
SPXS	New	DIREXION SHARES ETF TRUST	$9,079,000	–	220,000	–	3.33%	–
XOM	New	EXXON MOBIL ORD	$8,477,000	–	105,000	–	3.11%	–
CVX	New	CHEVRON ORD	$7,224,000	–	69,240	–	2.65%	–
MRK	New	MERCK & CO ORD	$7,050,000	–	110,000	–	2.58%	–
BP	New	BP ADR EACH REPSTNG SIX ORD	$6,859,000	–	197,940	–	2.51%	–
JNJ	New	JOHNSON & JOHNSON ORDbond	$6,615,000	–	50,000	–	2.42%	–
PFE	New	PFIZER ORD	$5,578,000	–	166,050	–	2.04%	–
COP	New	CONOCOPHILLIPS ORD	$5,495,000	–	125,000	–	2.01%	–
VRTX	New	VERTEX PHARMACEUTICALS ORD	$5,155,000	–	40,000	–	1.89%	–
SLB	New	SCHLUMBERGER ORD	$5,136,000	–	78,000	–	1.88%	–
BCR	New	C R BARD ORD	$5,058,000	–	16,000	–	1.85%	–
OA	New	ORBITAL ATK ORD	$4,918,000	–	50,000	–	1.80%	–
CP	New	CANADIAN PACIFIC RAILWAY ORD	$4,820,000	–	30,000	–	1.77%	–
CSCO	New	CISCO SYSTEMS ORD	$4,615,000	–	147,448	–	1.69%	–
GRMN	New	GARMIN ORD	$4,414,000	–	86,500	–	1.62%	–
BAX	New	BAXTER INTERNATIONAL ORD	$4,238,000	–	70,000	–	1.55%	–
GD	New	GENERAL DYNAMICS ORD	$3,962,000	–	20,000	–	1.45%	–
CVS	New	CVS HEALTH ORD	$3,420,000	–	42,500	–	1.25%	–
NUAN	New	NUANCE COMMUNICATIONS ORD	$3,391,000	–	194,800	–	1.24%	–
HRS	New	HARRIS ORD	$3,272,000	–	30,000	–	1.20%	–
RDSA	New	ROYAL DUTCH SHELL ADR RPSTG 2 A ORD	$3,191,000	–	60,000	–	1.17%	–
ENB	New	ENBRIDGE ORD	$3,131,000	–	78,720	–	1.15%	–
SCG	New	SCANA ORD	$3,082,000	–	46,000	–	1.13%	–
WMB	New	WILLIAMS ORD	$3,037,000	–	100,300	–	1.11%	–
APC	New	ANADARKO PETROLEUM ORD	$2,720,000	–	60,000	–	1.00%	–
PSX	New	PHILLIPS 66 ORD	$2,687,000	–	32,500	–	0.98%	–
D	New	DOMINION ENERGY ORD	$2,646,000	–	34,528	–	0.97%	–
SCSC	New	SCANSOURCE ORD	$2,636,000	–	65,400	–	0.97%	–
FLO	New	FLOWERS FOODS ORD	$2,367,000	–	136,743	–	0.87%	–
NEM	New	NEWMONT MINING ORD	$2,267,000	–	70,000	–	0.83%	–
GDX	New	VANECK VECTORS GOLD MINERS ETF	$2,208,000	–	100,000	–	0.81%	–
ABBV	New	ABBVIE ORD	$2,175,000	–	30,000	–	0.80%	–
WFC	New	WELLS FARGO ORD	$2,133,000	–	38,500	–	0.78%	–
	New	ARES CAPITAL CORPbond	$2,028,000	–	2,000,000	–	0.74%	–
INTC	New	INTEL ORD	$1,992,000	–	59,044	–	0.73%	–
ABT	New	ABBOTT LABORATORIES ORD	$1,944,000	–	40,000	–	0.71%	–
AVAV	New	AEROVIRONMENT ORD	$1,910,000	–	50,000	–	0.70%	–
TMO	New	THERMO FISHER SCIENTIFIC ORD	$1,902,000	–	10,900	–	0.70%	–
IRBT	New	IROBOT ORD	$1,809,000	–	21,500	–	0.66%	–
RAD	New	RITE AID ORD	$1,770,000	–	600,000	–	0.65%	–
BCX	New	BLACKROCK RES AND CMMDITIES STRGY CF	$1,602,000	–	200,000	–	0.59%	–
GOLD	New	BARRICK GOLD ORD	$1,589,000	–	100,000	–	0.58%	–
BHP	New	BHP BILLITON ADR REP 2 ORD	$1,424,000	–	40,000	–	0.52%	–
RIG	New	TRANSOCEAN ORD	$1,381,000	–	167,762	–	0.51%	–
FLR	New	FLUOR ORD	$1,314,000	–	28,700	–	0.48%	–
MDR	New	MCDERMOTT INTERNATIONAL ORD	$1,308,000	–	182,400	–	0.48%	–
SSB	New	SOUTH STATE ORD	$1,286,000	–	15,000	–	0.47%	–
WPX	New	WPX ENERGY ORD	$1,217,000	–	126,000	–	0.45%	–
GLD	New	SPDR GOLD SHARES ETF	$1,180,000	–	10,000	–	0.43%	–
AIR	New	AAR ORD	$1,043,000	–	30,000	–	0.38%	–
NDP	New	TORTOISE ENERGY INDEPENDENCE CF	$1,013,000	–	76,135	–	0.37%	–
BDX	New	BECTON DICKINSON ORD	$976,000	–	5,000	–	0.36%	–
VRTX	New	VERTEX PHARM 105.0 CALL 21JUL17call	$948,000	–	40,000	–	0.35%	–
VSTO	New	VISTA OUTDOOR ORD	$900,000	–	40,000	–	0.33%	–
MON	New	MONSANTO ORD	$856,000	–	7,234	–	0.31%	–
CPB	New	CAMPBELL SOUP ORD	$782,000	–	15,000	–	0.29%	–
DD	New	E I DU PONT DE NEMOURS ORD	$484,000	–	6,000	–	0.18%	–
MO	New	ALTRIA GROUP ORD	$447,000	–	6,000	–	0.16%	–
KHC	New	KRAFT HEINZ ORD	$428,000	–	5,000	–	0.16%	–
APA	New	APACHE ORD	$383,000	–	8,000	–	0.14%	–
T	New	AT&T ORD	$377,000	–	10,000	–	0.14%	–
PM	New	PHILIP MORRIS INTERNATIONAL ORD	$352,000	–	3,000	–	0.13%	–
BW	New	BABCOCK AND WILCOX ENTERPRISES ORD	$294,000	–	25,000	–	0.11%	–
MDLZ	New	MONDELEZ INTERNATIONAL CL A ORD	$219,000	–	5,076	–	0.08%	–
MSFT	New	MICROSOFT CO 70.0 CALL 15SEP17call	$104,000	–	50,000	–	0.04%	–
GDX	New	VANECK VECTO 25.5 CALL 15SEP17call	$66,000	–	100,000	–	0.02%	–
WPX	New	WPX ENERGY I 11.0 CALL 17NOV17call	$56,000	–	70,000	–	0.02%	–
SCSC	New	SCANSOURCE I 40.0 CALL 15SEP17call	$50,000	–	25,000	–	0.02%	–
CC	New	CHEMOURS ORD	$46,000	–	1,200	–	0.02%	–
RIG	New	TRANSOCEAN L 10.0 CALL 17NOV17call	$43,000	–	100,000	–	0.02%	–
MRK	New	MERCK AND CO I 65.0 CALL 21JUL17call	$24,000	–	40,000	–	0.01%	–
CSCO	New	CISCO SYSTEM 33.0 CALL 20OCT17call	$15,000	–	30,000	–	0.01%	–
SPXS	New	Direxion Daily S& P 500 Bear 50.0 Call 21JUL17call	$7,000	–	200,000	–	0.00%	–
NUAN	New	NUANCE COMMU 19.0 CALL 21JUL17call	$5,000	–	100,000	–	0.00%	–
GRMN	New	GARMIN LTD 55.0 CALL 21JUL17call	$2,000	–	50,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
MRK	Exit	MERCK + CO I 65.0 CALL 18NOV16call	$0	–	-7,700	–	-0.00%	–
BMY	Exit	BRISTOL-MYER 60.0 CALL 16DEC16call	$0	–	-22,000	–	-0.01%	–
CC	Exit	CHEMOURS ORD	$0	–	-1,200	–	-0.01%	–
WPX	Exit	WPX ENERGY I 14.0 CALL 18NOV16call	$0	–	-22,000	–	-0.01%	–
GRMN	Exit	GARMIN LTD 55.0 CALL 21OCT16call	$0	–	-30,000	–	-0.02%	–
MSFT	Exit	MICROSOFT CO 57.5 CALL 21OCT16call	$0	–	-40,000	–	-0.03%	–
BP	Exit	BP PLC 35.0 CALL 16DEC16call	$0	–	-70,000	–	-0.03%	–
MU	Exit	MICRON TECHN 17.0 CALL 18NOV16call	$0	–	-90,000	–	-0.05%	–
WDC	Exit	WESTERN DIGI 60.0 CALL 18NOV16call	$0	–	-75,000	–	-0.07%	–
HOSSQ	Exit	HORNBECK OFFSHORE SERVICES ORD	$0	–	-40,000	–	-0.07%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL CL A ORD	$0	–	-5,076	–	-0.07%	–
AMD	Exit	ADVANCED MIC 4.5 CALL 21OCT16call	$0	–	-98,600	–	-0.08%	–
BHP	Exit	BHP BILLITON 36.0 CALL 18NOV16call	$0	–	-110,000	–	-0.08%	–
RIG	Exit	TRANSOCEAN L 11.0 CALL 18NOV16call	$0	–	-331,900	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL ORD	$0	–	-3,000	–	-0.09%	–
SE	Exit	SPECTRA ENER 42.0 CALL 16DEC16call	$0	–	-155,000	–	-0.10%	–
DVMT	Exit	DELL TECHNOLOGIES CL V ORD	$0	–	-7,869	–	-0.12%	–
MO	Exit	ALTRIA GROUP ORD	$0	–	-6,000	–	-0.12%	–
LLL	Exit	L-3 COMMUNICATIONS HOLDINGS ORD	$0	–	-2,616	–	-0.12%	–
TXN	Exit	TEXAS INSTRU 62.5 CALL 21OCT16call	$0	–	-50,000	–	-0.13%	–
DD	Exit	E I DU PONT DE NEMOURS ORD	$0	–	-6,000	–	-0.13%	–
T	Exit	AT&T ORD	$0	–	-10,000	–	-0.13%	–
BW	Exit	BABCOCK AND WILCOX ENTERPRISES ORD	$0	–	-25,000	–	-0.13%	–
	Exit	HORNBECK OFFSHORE SERVICES INCbond	$0	–	-750,000	–	-0.14%	–
NBR	Exit	NABORS INDUSTRIES ORD	$0	–	-36,000	–	-0.14%	–
KHC	Exit	KRAFT HEINZ ORD	$0	–	-5,000	–	-0.14%	–
AMD	Exit	ADVANCED MICRO DEVICES ORD	$0	–	-98,600	–	-0.22%	–
AVAV	Exit	AEROVIRONMENT ORD	$0	–	-30,000	–	-0.23%	–
ENS	Exit	ENERSYS ORD	$0	–	-10,968	–	-0.24%	–
BWXT	Exit	BWX TECHNOLOGIES ORD	$0	–	-20,000	–	-0.24%	–
VSTO	Exit	VISTA OUTDOOR ORD	$0	–	-20,000	–	-0.25%	–
MDR	Exit	MCDERMOTT INTERNATIONAL ORD	$0	–	-182,400	–	-0.29%	–
AIR	Exit	AAR ORD	$0	–	-30,000	–	-0.30%	–
GLW	Exit	CORNING ORD	$0	–	-40,000	–	-0.30%	–
MON	Exit	MONSANTO ORD	$0	–	-10,234	–	-0.33%	–
LNC	Exit	LINCOLN NATIONAL ORD	$0	–	-22,734	–	-0.34%	–
LUK	Exit	LEUCADIA NATIONAL ORD	$0	–	-56,191	–	-0.34%	–
FCX	Exit	FREEPORT MCMORAN ORD	$0	–	-100,000	–	-0.34%	–
SSB	Exit	SOUTH STATE ORD	$0	–	-15,000	–	-0.36%	–
BCX	Exit	BLACKROCK RES AND CMMDITIES STRGY CF	$0	–	-142,863	–	-0.37%	–
NDP	Exit	TORTOISE ENERGY INDEPENDENCE CF	$0	–	-76,135	–	-0.38%	–
CVE	Exit	CENOVUS ENERGY ORD	$0	–	-100,000	–	-0.46%	–
FLR	Exit	FLUOR ORD	$0	–	-28,700	–	-0.47%	–
RAD	Exit	RITE AID ORD	$0	–	-200,000	–	-0.49%	–
IRBT	Exit	IROBOT ORD	$0	–	-37,000	–	-0.52%	–
ABT	Exit	ABBOTT LABORATORIES ORD	$0	–	-40,000	–	-0.54%	–
WPX	Exit	WPX ENERGY ORD	$0	–	-128,500	–	-0.54%	–
CPB	Exit	CAMPBELL SOUP ORD	$0	–	-31,000	–	-0.54%	–
TRMB	Exit	TRIMBLE ORD	$0	–	-60,000	–	-0.54%	–
ECA	Exit	ENCANA ORD	$0	–	-164,900	–	-0.55%	–
TMO	Exit	THERMO FISHER SCIENTIFIC ORD	$0	–	-10,900	–	-0.55%	–
VRTX	Exit	VERTEX PHARMACEUTICALS ORD	$0	–	-20,000	–	-0.55%	–
GOLD	Exit	BARRICK GOLD ORD	$0	–	-100,000	–	-0.56%	–
APA	Exit	APACHE ORD	$0	–	-28,000	–	-0.57%	–
GWRE	Exit	GUIDEWIRE SOFTWARE ORD	$0	–	-31,142	–	-0.59%	–
ABBV	Exit	ABBVIE ORD	$0	–	-30,000	–	-0.60%	–
FLO	Exit	FLOWERS FOODS ORD	$0	–	-136,743	–	-0.66%	–
MU	Exit	MICRON TECHNOLOGY ORD	$0	–	-120,000	–	-0.68%	–
INTC	Exit	INTEL ORD	$0	–	-59,044	–	-0.71%	–
SCSC	Exit	SCANSOURCE ORD	$0	–	-65,400	–	-0.76%	–
D	Exit	DOMINION RESOURCES ORD	$0	–	-34,528	–	-0.81%	–
PSX	Exit	PHILLIPS 66 ORD	$0	–	-32,500	–	-0.83%	–
NEM	Exit	NEWMONT MINING ORD	$0	–	-70,000	–	-0.87%	–
NUAN	Exit	NUANCE COMMUNICATIONS ORD	$0	–	-194,800	–	-0.90%	–
RDSA	Exit	ROYAL DUTCH SHELL ADR RPSTG 2 A ORD	$0	–	-60,000	–	-0.95%	–
GPN	Exit	GLOBAL PAYMENTS ORD	$0	–	-40,000	–	-0.97%	–
GD	Exit	GENERAL DYNAMICS ORD	$0	–	-20,000	–	-0.98%	–
WFC	Exit	WELLS FARGO ORD	$0	–	-75,000	–	-1.05%	–
SCG	Exit	SCANA ORD	$0	–	-46,000	–	-1.06%	–
BAX	Exit	BAXTER INTERNATIONAL ORD	$0	–	-70,000	–	-1.06%	–
TXN	Exit	TEXAS INSTRUMENTS ORD	$0	–	-50,000	–	-1.11%	–
OA	Exit	ORBITAL ATK ORD	$0	–	-46,000	–	-1.11%	–
BCR	Exit	C R BARD ORD	$0	–	-16,000	–	-1.14%	–
HRS	Exit	HARRIS ORD	$0	–	-40,000	–	-1.16%	–
CVS	Exit	CVS HEALTH ORD	$0	–	-42,500	–	-1.20%	–
GRMN	Exit	GARMIN ORD	$0	–	-86,500	–	-1.32%	–
WDC	Exit	WESTERN DIGITAL ORD	$0	–	-75,000	–	-1.39%	–
WMB	Exit	WILLIAMS ORD	$0	–	-150,300	–	-1.46%	–
CSCO	Exit	CISCO SYSTEMS ORD	$0	–	-147,448	–	-1.48%	–
BHP	Exit	BHP BILLITON ADR REP 2 ORD	$0	–	-140,000	–	-1.54%	–
APC	Exit	ANADARKO PETROLEUM ORD	$0	–	-80,000	–	-1.61%	–
RIG	Exit	TRANSOCEAN ORD	$0	–	-499,662	–	-1.69%	–
COP	Exit	CONOCOPHILLIPS ORD	$0	–	-125,000	–	-1.72%	–
PFE	Exit	PFIZER ORD	$0	–	-166,050	–	-1.78%	–
JNJ	Exit	JOHNSON & JOHNSON ORD	$0	–	-50,000	–	-1.87%	–
SLB	Exit	SCHLUMBERGER ORD	$0	–	-78,000	–	-1.95%	–
SE	Exit	SPECTRA ENERGY ORD	$0	–	-155,000	–	-2.10%	–
MRK	Exit	MERCK & CO ORD	$0	–	-110,000	–	-2.18%	–
CP	Exit	CANADIAN PACIFIC RAILWAY ORD	$0	–	-47,600	–	-2.30%	–
NOC	Exit	NORTHROP GRUMMAN ORD	$0	–	-40,712	–	-2.76%	–
UTX	Exit	UNITED TECHNOLOGIES ORD	$0	–	-89,150	–	-2.87%	–
DUK	Exit	DUKE ENERGY ORD	$0	–	-114,166	–	-2.90%	–
XOM	Exit	EXXON MOBIL ORD	$0	–	-105,000	–	-2.91%	–
CVX	Exit	CHEVRON ORD	$0	–	-89,240	–	-2.91%	–
BP	Exit	BP ADR EACH REPSTNG SIX ORD	$0	–	-287,940	–	-3.21%	–
BMY	Exit	BRISTOL MYERS SQUIBB ORD	$0	–	-191,549	–	-3.28%	–
RTN	Exit	RAYTHEON ORD	$0	–	-91,000	–	-3.93%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES ORD	$0	–	-83,000	–	-4.18%	–
MSFT	Exit	MICROSOFT ORD	$0	–	-230,000	–	-4.20%	–
LMT	Exit	LOCKHEED MARTIN ORD	$0	–	-60,000	–	-4.56%	–
PNY	Exit	PIEDMONT NATURAL GAS ORD	$0	–	-270,978	–	-5.16%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT ORD	$13,248,000	+29.5%	230,000	+15.0%	4.20%	+24.8%
BMY	Buy	BRISTOL MYERS SQUIBB ORD	$10,328,000	+6.7%	191,549	+45.6%	3.28%	+2.9%
BP	Buy	BP ADR EACH REPSTNG SIX ORD	$10,124,000	+8.7%	287,940	+9.8%	3.21%	+4.8%
RIG	Buy	TRANSOCEAN ORD	$5,326,000	+12.1%	499,662	+25.0%	1.69%	+8.1%
WFC	Buy	WELLS FARGO ORD	$3,321,000	+133.9%	75,000	+150.0%	1.05%	+125.7%
NEM	Sell	NEWMONT MINING ORD	$2,750,000	-53.1%	70,000	-53.3%	0.87%	-54.8%
BCX	New	BLACKROCK RES AND CMMDITIES STRGY CF	$1,164,000	–	142,863	–	0.37%	–
VSTO	New	VISTA OUTDOOR ORD	$797,000	–	20,000	–	0.25%	–
AVAV	New	AEROVIRONMENT ORD	$732,000	–	30,000	–	0.23%	–
AMD	Sell	ADVANCED MICRO DEVICES ORD	$681,000	-33.2%	98,600	-50.4%	0.22%	-35.5%
DVMT	New	DELL TECHNOLOGIES CL V ORD	$376,000	–	7,869	–	0.12%	–
SE	New	SPECTRA ENER 42.0 CALL 16DEC16call	$326,000	–	155,000	–	0.10%	–
RIG	Buy	TRANSOCEAN L 11.0 CALL 18NOV16call	$277,000	+194.7%	331,900	+231.9%	0.09%	+183.9%
BHP	Buy	BHP BILLITON 36.0 CALL 18NOV16call	$251,000	+2688.9%	110,000	+120.0%	0.08%	+2566.7%
AMD	Sell	ADVANCED MIC 4.5 CALL 21OCT16call	$247,000	-11.2%	98,600	-50.4%	0.08%	-14.3%
WDC	New	WESTERN DIGI 60.0 CALL 18NOV16call	$218,000	–	75,000	–	0.07%	–
MU	New	MICRON TECHN 17.0 CALL 18NOV16call	$149,000	–	90,000	–	0.05%	–
MSFT	New	MICROSOFT CO 57.5 CALL 21OCT16call	$95,000	–	40,000	–	0.03%	–
GRMN	New	GARMIN LTD 55.0 CALL 21OCT16call	$65,000	–	30,000	–	0.02%	–
WPX	New	WPX ENERGY I 14.0 CALL 18NOV16call	$18,000	–	22,000	–	0.01%	–
BMY	Sell	BRISTOL-MYER 60.0 CALL 16DEC16call	$16,000	-91.1%	22,000	-56.0%	0.01%	-91.5%
MRK	New	MERCK + CO I 65.0 CALL 18NOV16call	$7,000	–	7,700	–	0.00%	–
EMC	Exit	EMC CORP/MA 28.0 CALL 15JUL16call	$0	–	-70,600	–	-0.00%	–
CPB	Exit	CAMPBELL SOU 67.5 CALL 19AUG16call	$0	–	-31,000	–	-0.01%	–
FCX	Exit	FREEPORT-MCM 13.0 CALL 16SEP16call	$0	–	-100,000	–	-0.02%	–
GLD	Exit	SPDR GOLD SH 122.0 CALL 16SEP16call	$0	–	-10,000	–	-0.02%	–
SHPG	Exit	SHIRE ADS REP 3 ORD	$0	–	-554	–	-0.03%	–
NEM	Exit	NEWMONT MINI 31.0 CALL 16SEP16call	$0	–	-80,000	–	-0.22%	–
GLD	Exit	SPDR GOLD SHARES ETF	$0	–	-10,000	–	-0.42%	–
EMC	Exit	EMC ORD	$0	–	-70,600	–	-0.63%	–

Q2 2016

			Value		Shares		↓ Weighting
PNY	New	PIEDMONT NATURAL GAS ORD	$16,291,000	–	270,978	–	5.36%	–
LMT	New	LOCKHEED MARTIN ORD	$14,890,000	–	60,000	–	4.90%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES ORD	$12,598,000	–	83,000	–	4.15%	–
RTN	New	RAYTHEON ORD	$12,371,000	–	91,000	–	4.07%	–
MSFT	New	MICROSOFT ORD	$10,234,000	–	200,000	–	3.37%	–
XOM	New	EXXON MOBIL ORD	$9,843,000	–	105,000	–	3.24%	–
DUK	New	DUKE ENERGY ORD	$9,794,000	–	114,166	–	3.22%	–
BMY	New	BRISTOL MYERS SQUIBB ORD	$9,675,000	–	131,549	–	3.18%	–
CVX	New	CHEVRON ORD	$9,355,000	–	89,240	–	3.08%	–
BP	New	BP ADR EACH REPSTNG SIX ORD	$9,312,000	–	262,240	–	3.06%	–
UTX	New	UNITED TECHNOLOGIES ORD	$9,142,000	–	89,150	–	3.01%	–
NOC	New	NORTHROP GRUMMAN ORD	$9,049,000	–	40,712	–	2.98%	–
MRK	New	MERCK & CO ORD	$6,337,000	–	110,000	–	2.09%	–
SLB	New	SCHLUMBERGER ORD	$6,168,000	–	78,000	–	2.03%	–
CP	New	CANADIAN PACIFIC RAILWAY ORD	$6,096,000	–	47,600	–	2.01%	–
JNJ	New	JOHNSON & JOHNSON ORD	$6,065,000	–	50,000	–	2.00%	–
NEM	New	NEWMONT MINING ORD	$5,868,000	–	150,000	–	1.93%	–
PFE	New	PFIZER ORD	$5,847,000	–	166,050	–	1.92%	–
SE	New	SPECTRA ENERGY ORD	$5,678,000	–	155,000	–	1.87%	–
COP	New	CONOCOPHILLIPS ORD	$5,450,000	–	125,000	–	1.79%	–
RIG	New	TRANSOCEAN ORD	$4,752,000	–	399,662	–	1.56%	–
APC	New	ANADARKO PETROLEUM ORD	$4,260,000	–	80,000	–	1.40%	–
CSCO	New	CISCO SYSTEMS ORD	$4,230,000	–	147,448	–	1.39%	–
CVS	New	CVS HEALTH ORD	$4,069,000	–	42,500	–	1.34%	–
BHP	New	BHP BILLITON ADR REP 2 ORD	$3,998,000	–	140,000	–	1.32%	–
OA	New	ORBITAL ATK ORD	$3,916,000	–	46,000	–	1.29%	–
BCR	New	C R BARD ORD	$3,763,000	–	16,000	–	1.24%	–
GRMN	New	GARMIN ORD	$3,669,000	–	86,500	–	1.21%	–
WDC	New	WESTERN DIGITAL ORD	$3,545,000	–	75,000	–	1.17%	–
SCG	New	SCANA ORD	$3,480,000	–	46,000	–	1.14%	–
HRS	New	HARRIS ORD	$3,338,000	–	40,000	–	1.10%	–
RDSA	New	ROYAL DUTCH SHELL ADR RPSTG 2 A ORD	$3,313,000	–	60,000	–	1.09%	–
WMB	New	WILLIAMS ORD	$3,251,000	–	150,300	–	1.07%	–
BAX	New	BAXTER INTERNATIONAL ORD	$3,165,000	–	70,000	–	1.04%	–
TXN	New	TEXAS INSTRUMENTS ORD	$3,133,000	–	50,000	–	1.03%	–
NUAN	New	NUANCE COMMUNICATIONS ORD	$3,045,000	–	194,800	–	1.00%	–
GPN	New	GLOBAL PAYMENTS ORD	$2,855,000	–	40,000	–	0.94%	–
GD	New	GENERAL DYNAMICS ORD	$2,785,000	–	20,000	–	0.92%	–
D	New	DOMINION RESOURCES ORD	$2,691,000	–	34,528	–	0.89%	–
PSX	New	PHILLIPS 66 ORD	$2,579,000	–	32,500	–	0.85%	–
FLO	New	FLOWERS FOODS ORD	$2,564,000	–	136,743	–	0.84%	–
SCSC	New	SCANSOURCE ORD	$2,427,000	–	65,400	–	0.80%	–
GOLD	New	BARRICK GOLD ORD	$2,124,000	–	100,000	–	0.70%	–
CPB	New	CAMPBELL SOUP ORD	$2,062,000	–	31,000	–	0.68%	–
INTC	New	INTEL ORD	$1,937,000	–	59,044	–	0.64%	–
GWRE	New	GUIDEWIRE SOFTWARE ORD	$1,923,000	–	31,142	–	0.63%	–
EMC	New	EMC ORD	$1,918,000	–	70,600	–	0.63%	–
ABBV	New	ABBVIE ORD	$1,857,000	–	30,000	–	0.61%	–
VRTX	New	VERTEX PHARMACEUTICALS ORD	$1,720,000	–	20,000	–	0.57%	–
MU	New	MICRON TECHNOLOGY ORD	$1,651,000	–	120,000	–	0.54%	–
TMO	New	THERMO FISHER SCIENTIFIC ORD	$1,611,000	–	10,900	–	0.53%	–
ABT	New	ABBOTT LABORATORIES ORD	$1,572,000	–	40,000	–	0.52%	–
APA	New	APACHE ORD	$1,559,000	–	28,000	–	0.51%	–
RAD	New	RITE AID ORD	$1,498,000	–	200,000	–	0.49%	–
TRMB	New	TRIMBLE NAVIGATION ORD	$1,462,000	–	60,000	–	0.48%	–
WFC	New	WELLS FARGO ORD	$1,420,000	–	30,000	–	0.47%	–
FLR	New	FLUOR ORD	$1,414,000	–	28,700	–	0.46%	–
CVE	New	CENOVUS ENERGY ORD	$1,376,000	–	100,000	–	0.45%	–
IRBT	New	IROBOT ORD	$1,298,000	–	37,000	–	0.43%	–
ECA	New	ENCANA ORD	$1,276,000	–	164,900	–	0.42%	–
GLD	New	SPDR GOLD SHARES ETF	$1,265,000	–	10,000	–	0.42%	–
WPX	New	WPX ENERGY ORD	$1,196,000	–	128,500	–	0.39%	–
NDP	New	TORTOISE ENERGY INDEPENDENCE CF	$1,136,000	–	76,135	–	0.37%	–
FCX	New	FREEPORT MCMORAN ORD	$1,114,000	–	100,000	–	0.37%	–
MON	New	MONSANTO ORD	$1,058,000	–	10,234	–	0.35%	–
SSB	New	SOUTH STATE ORD	$1,021,000	–	15,000	–	0.34%	–
AMD	New	ADVANCED MICRO DEVICES ORD	$1,019,000	–	198,600	–	0.34%	–
LUK	New	LEUCADIA NATIONAL ORD	$974,000	–	56,191	–	0.32%	–
MDR	New	MCDERMOTT INTERNATIONAL ORD	$901,000	–	182,400	–	0.30%	–
LNC	New	LINCOLN NATIONAL ORD	$881,000	–	22,734	–	0.29%	–
GLW	New	CORNING ORD	$819,000	–	40,000	–	0.27%	–
BWXT	New	BWX TECHNOLOGIES ORD	$715,000	–	20,000	–	0.24%	–
AIR	New	AAR ORD	$700,000	–	30,000	–	0.23%	–
NEM	New	NEWMONT MINI 31.0 CALL 16SEP16call	$684,000	–	80,000	–	0.22%	–
ENS	New	ENERSYS ORD	$652,000	–	10,968	–	0.22%	–
KHC	New	KRAFT HEINZ ORD	$442,000	–	5,000	–	0.14%	–
T	New	AT&T ORD	$432,000	–	10,000	–	0.14%	–
	New	HORNBECK OFFSHORE SERVICES INCbond	$430,000	–	750,000	–	0.14%	–
MO	New	ALTRIA GROUP ORD	$414,000	–	6,000	–	0.14%	–
DD	New	E I DU PONT DE NEMOURS ORD	$389,000	–	6,000	–	0.13%	–
LLL	New	L-3 COMMUNICATIONS HOLDINGS ORD	$384,000	–	2,616	–	0.13%	–
BW	New	BABCOCK AND WILCOX ENTERPRISES ORD	$367,000	–	25,000	–	0.12%	–
NBR	New	NABORS INDUSTRIES ORD	$362,000	–	36,000	–	0.12%	–
HOSSQ	New	HORNBECK OFFSHORE SERVICES ORD	$334,000	–	40,000	–	0.11%	–
PM	New	PHILIP MORRIS INTERNATIONAL ORD	$305,000	–	3,000	–	0.10%	–
AMD	New	ADVANCED MIC 4.5 CALL 21OCT16call	$278,000	–	198,600	–	0.09%	–
MDLZ	New	MONDELEZ INTERNATIONAL CL A ORD	$231,000	–	5,076	–	0.08%	–
BMY	New	BRISTOL-MYER 72.5 CALL 16SEP16call	$180,000	–	50,000	–	0.06%	–
TXN	New	TEXAS INSTRU 62.5 CALL 21OCT16call	$110,000	–	50,000	–	0.04%	–
SHPG	New	SHIRE ADS REP 3 ORD	$102,000	–	554	–	0.03%	–
BP	New	BP PLC 35.0 CALL 19AUG16call	$101,000	–	70,000	–	0.03%	–
RIG	New	TRANSOCEAN L 12.0 CALL 19AUG16call	$94,000	–	100,000	–	0.03%	–
GLD	New	SPDR GOLD SH 122.0 CALL 16SEP16call	$64,000	–	10,000	–	0.02%	–
FCX	New	FREEPORT-MCM 13.0 CALL 16SEP16call	$58,000	–	100,000	–	0.02%	–
CPB	New	CAMPBELL SOU 67.5 CALL 19AUG16call	$41,000	–	31,000	–	0.01%	–
CC	New	CHEMOURS ORD	$10,000	–	1,200	–	0.00%	–
EMC	New	EMC CORP/MA 28.0 CALL 15JUL16call	$8,000	–	70,600	–	0.00%	–
BHP	New	BHP BILLITON 35.0 CALL 15JUL16call	$9,000	–	50,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
RAD	Exit	RITE AID COR 10.0 CALL 15JAN16call	$0	–	-75,000	–	-0.00%	–
GRMN	Exit	GARMIN LTD 47.5 CALL 16OCT15call	$0	–	-20,000	–	-0.00%	–
NUAN	Exit	NUANCE COMMU 19.0 CALL 16OCT15call	$0	–	-50,000	–	-0.00%	–
RIG	Exit	TRANSOCEAN L 18.0 CALL 20NOV15call	$0	–	-100,000	–	-0.01%	–
CC	Exit	CHEMOURS CO/THE	$0	–	-4,200	–	-0.01%	–
PSX	Exit	PHILLIPS 66 80.0 CALL 20NOV15call	$0	–	-30,000	–	-0.02%	–
CPB	Exit	CAMPBELL SOU 50.0 CALL 20NOV15call	$0	–	-36,000	–	-0.03%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC-A	$0	–	-5,076	–	-0.08%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-3,000	–	-0.09%	–
XCO	Exit	EXCO RESOURCES INC	$0	–	-339,875	–	-0.10%	–
SOUHY	Exit	SOUTH32 - ADR	$0	–	-56,000	–	-0.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,000	–	-0.12%	–
T	Exit	AT&T INC	$0	–	-10,000	–	-0.12%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-36,000	–	-0.13%	–
KHC	Exit	KRAFT HEINZ CO/THE	$0	–	-5,000	–	-0.13%	–
BW	Exit	BABCOCK & WILCOX ENTERPR	$0	–	-25,000	–	-0.16%	–
HOSSQ	Exit	HORNBECK OFFSHORE SERVICES	$0	–	-40,000	–	-0.20%	–
	Exit	HORNBECK OFFSHORE SERVbond	$0	–	-750,000	–	-0.21%	–
AIR	Exit	AAR CORP	$0	–	-30,000	–	-0.22%	–
AMD	Exit	ADVANCED MICRO DEVICES	$0	–	-324,700	–	-0.22%	–
ENS	Exit	ENERSYS	$0	–	-10,968	–	-0.22%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-100,000	–	-0.24%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-11,200	–	-0.26%	–
GLW	Exit	CORNING INC	$0	–	-40,000	–	-0.26%	–
MDR	Exit	MCDERMOTT INTL INC	$0	–	-182,400	–	-0.30%	–
WPX	Exit	WPX ENERGY INC	$0	–	-128,500	–	-0.32%	–
MON	Exit	MONSANTO CO	$0	–	-10,234	–	-0.33%	–
NDP	Exit	TORTOISE ENERGY INDEPENDENCE	$0	–	-72,600	–	-0.34%	–
FCX	Exit	FREEPORT-MCMORAN INC	$0	–	-100,000	–	-0.37%	–
TRMB	Exit	TRIMBLE NAVIGATION LTD	$0	–	-60,000	–	-0.37%	–
LLL	Exit	L-3 COMMUNICATIONS HOLDINGS	$0	–	-10,000	–	-0.40%	–
ECA	Exit	ENCANA CORP	$0	–	-164,900	–	-0.40%	–
IRBT	Exit	IROBOT CORP	$0	–	-37,000	–	-0.41%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-22,734	–	-0.41%	–
APA	Exit	APACHE CORP	$0	–	-28,000	–	-0.41%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-56,191	–	-0.43%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-80,000	–	-0.45%	–
RAD	Exit	RITE AID CORP	$0	–	-200,000	–	-0.46%	–
BWXT	Exit	BWX TECHNOLOGIES INC	$0	–	-50,000	–	-0.50%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-10,900	–	-0.50%	–
FLR	Exit	FLUOR CORP	$0	–	-32,000	–	-0.51%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-100,000	–	-0.57%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-40,000	–	-0.61%	–
INTC	Exit	INTEL CORP	$0	–	-60,000	–	-0.68%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-36,000	–	-0.69%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-35,000	–	-0.70%	–
ABBV	Exit	ABBVIE INC	$0	–	-40,000	–	-0.82%	–
BXLT	Exit	BAXALTA INC	$0	–	-70,000	–	-0.83%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-20,000	–	-0.87%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-70,000	–	-0.87%	–
SCSC	Exit	SCANSOURCE INC	$0	–	-65,400	–	-0.88%	–
RDSA	Exit	ROYAL DUTCH SHELL-SPON ADR-A	$0	–	-50,000	–	-0.90%	–
D	Exit	DOMINION RESOURCES INC/VA	$0	–	-34,528	–	-0.92%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-50,000	–	-0.94%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-160,000	–	-0.97%	–
SCG	Exit	SCANA CORP	$0	–	-46,000	–	-0.98%	–
EMC	Exit	EMC CORP/MA	$0	–	-111,553	–	-1.02%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS	$0	–	-56,000	–	-1.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-20,000	–	-1.04%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-30,000	–	-1.09%	–
HRS	Exit	HARRIS CORP	$0	–	-40,000	–	-1.11%	–
BCR	Exit	CR BARD INC	$0	–	-16,000	–	-1.13%	–
GRMN	Exit	GARMIN LTD	$0	–	-86,500	–	-1.17%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-194,800	–	-1.20%	–
OA	Exit	ORBITAL ATK INC	$0	–	-46,000	–	-1.25%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-136,743	–	-1.28%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-155,000	–	-1.54%	–
BHP	Exit	BHP BILLITON LTD-SPON ADR	$0	–	-140,000	–	-1.67%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-50,000	–	-1.76%	–
PSX	Exit	PHILLIPS 66	$0	–	-62,500	–	-1.82%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-80,000	–	-1.82%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-399,662	–	-1.95%	–
PFE	Exit	PFIZER INC	$0	–	-166,050	–	-1.97%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-78,000	–	-2.03%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-110,000	–	-2.05%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-150,300	–	-2.09%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-220,000	–	-2.18%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-125,000	–	-2.26%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-40,712	–	-2.55%	–
CP	Exit	CANADIAN PACIFIC RAILWAY LTD	$0	–	-47,600	–	-2.58%	–
CVX	Exit	CHEVRON CORP	$0	–	-89,240	–	-2.66%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-131,549	–	-2.94%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-105,000	–	-2.95%	–
BP	Exit	BP PLC-SPONS ADR	$0	–	-262,240	–	-3.03%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-114,166	–	-3.10%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-95,100	–	-3.20%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-200,000	–	-3.34%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-91,000	–	-3.76%	–
PNY	Exit	PIEDMONT NATURAL GAS CO	$0	–	-270,978	–	-4.10%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-83,000	–	-4.55%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-60,000	–	-4.70%	–

Q3 2015

			Value		Shares		↓ Weighting
RIG	Sell	TRANSOCEAN LTD	$5,164,000	-30.3%	399,662	-13.0%	1.95%	-22.5%
GRMN	Buy	GARMIN LTD	$3,104,000	+6.3%	86,500	+30.1%	1.17%	+18.1%
DD	Buy	DU PONT (E.I.) DE NEMOURS	$2,699,000	+101.0%	56,000	+166.7%	1.02%	+123.2%
BXLT	New	BAXALTA INC	$2,202,000	–	70,000	–	0.83%	–
BWXT	New	BWX TECHNOLOGIES INC	$1,318,000	–	50,000	–	0.50%	–
ENS	New	ENERSYS	$588,000	–	10,968	–	0.22%	–
	New	HORNBECK OFFSHORE SERVbond	$556,000	–	750,000	–	0.21%	–
BW	New	BABCOCK & WILCOX ENTERPR	$420,000	–	25,000	–	0.16%	–
KHC	New	KRAFT HEINZ CO/THE	$352,000	–	5,000	–	0.13%	–
CPB	Buy	CAMPBELL SOU 50.0 CALL 20NOV15call	$68,000	+1033.3%	36,000	+500.0%	0.03%	+1200.0%
PSX	New	PHILLIPS 66 80.0 CALL 20NOV15call	$54,000	–	30,000	–	0.02%	–
CC	New	CHEMOURS CO/THE	$27,000	–	4,200	–	0.01%	–
RIG	New	TRANSOCEAN L 18.0 CALL 20NOV15call	$13,000	–	100,000	–	0.01%	–
RAD	New	RITE AID COR 10.0 CALL 15JAN16call	$3,000	–	75,000	–	0.00%	–
BHP	Exit	BHP BILLITON LTD Aug 21call	$0	–	-30,000	–	-0.00%	–
BAX	Exit	BAXTER Aug 21call	$0	–	-16,000	–	-0.00%	–
ABBV	Exit	ABBVIE Aug 21call	$0	–	-16,000	–	-0.02%	–
KRFT	Exit	KRAFT FOODS GROUP INC (KRFT)	$0	–	-5,000	–	-0.14%	–
F102PS	Exit	BABCOCK & WILCOX CO New	$0	–	-50,000	–	-0.56%	–
	Exit	ENERSYS 3.375% Convertible Bondbond	$0	–	-1,000,000	–	-0.59%	–

Q2 2015

			Value		Shares		↓ Weighting
IBM	New	INTERNATIONAL BUSINESS MACHS CORP	$13,501,000	–	83,000	–	4.59%	–
LMT	New	LOCKHEED MARTIN CORPORATION	$11,154,000	–	60,000	–	3.79%	–
UTX	New	UNITED TECHNOLOGIES CORP	$10,549,000	–	95,100	–	3.59%	–
BP	New	BP AMOCO P L C ADR	$10,479,000	–	262,240	–	3.56%	–
PNY	New	PIEDMONT NATURAL GAS COMPANY INC	$9,568,000	–	270,978	–	3.25%	–
MSFT	New	MICROSOFT CORP	$8,830,000	–	200,000	–	3.00%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$8,753,000	–	131,549	–	2.98%	–
XOM	New	EXXON MOBIL CORP	$8,736,000	–	105,000	–	2.97%	–
RTN	New	RAYTHEON CO	$8,707,000	–	91,000	–	2.96%	–
WMB	New	WILLIAMS COMPANIES	$8,626,000	–	150,300	–	2.93%	–
CVX	New	CHEVRON CORP	$8,609,000	–	89,240	–	2.93%	–
DUK	New	DUKE ENERGY HOLDING CORPORATION	$8,062,000	–	114,166	–	2.74%	–
COP	New	CONOCOPHILLIPS	$7,676,000	–	125,000	–	2.61%	–
CP	New	CANADIAN PACIFIC RAILWAY LTD	$7,626,000	–	47,600	–	2.59%	–
RIG	New	TRANSOCEAN INC.	$7,404,000	–	459,324	–	2.52%	–
SLB	New	SCHLUMBERGER LTD	$6,723,000	–	78,000	–	2.29%	–
NOC	New	NORTHROP GRUMMAN CORP	$6,458,000	–	40,712	–	2.20%	–
MRK	New	MERCK & COMPANY New	$6,262,000	–	110,000	–	2.13%	–
APC	New	ANADARKO PETROLEUM CORP	$6,245,000	–	80,000	–	2.12%	–
CSCO	New	CISCO SYSTEMS	$6,041,000	–	220,000	–	2.05%	–
BHP	New	BHP BILLITON LTD	$5,699,000	–	140,000	–	1.94%	–
PFE	New	PFIZER INC	$5,568,000	–	166,050	–	1.89%	–
SE	New	SPECTRA ENERGY CORP	$5,053,000	–	155,000	–	1.72%	–
PSX	New	PHILLIPS 66	$5,035,000	–	62,500	–	1.71%	–
BAX	New	BAXTER INTERNATIONAL INC	$4,895,000	–	70,000	–	1.66%	–
JNJ	New	JOHNSON & JOHNSON	$4,873,000	–	50,000	–	1.66%	–
NEM	New	NEWMONT MINING CORP	$3,738,000	–	160,000	–	1.27%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$3,411,000	–	194,800	–	1.16%	–
OA	New	Orbital ATK Inc.	$3,375,000	–	46,000	–	1.15%	–
CVS	New	CVS CAREMARK CORP	$3,146,000	–	30,000	–	1.07%	–
HRS	New	HARRIS CORP	$3,076,000	–	40,000	–	1.05%	–
EMC	New	EMC CORP	$2,944,000	–	111,553	–	1.00%	–
GRMN	New	GARMIN LTD	$2,921,000	–	66,500	–	0.99%	–
FLO	New	FLOWERS FOODS	$2,892,000	–	136,743	–	0.98%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR A Shrs	$2,851,000	–	50,000	–	0.97%	–
GD	New	GENERAL DYNAMICS CORPORATION	$2,834,000	–	20,000	–	0.96%	–
BCR	New	BARD-C R-INC	$2,731,000	–	16,000	–	0.93%	–
ABBV	New	ABBVIE INC	$2,688,000	–	40,000	–	0.91%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,576,000	–	50,000	–	0.88%	–
SCSC	New	SCANSOURCE INC.	$2,489,000	–	65,400	–	0.85%	–
SCG	New	SCANA CORP	$2,330,000	–	46,000	–	0.79%	–
D	New	DOMINION RESOURCES INC	$2,309,000	–	34,528	–	0.78%	–
GPN	New	GLOBAL PAYMENTS INC	$2,069,000	–	20,000	–	0.70%	–
ABT	New	ABBOTT LABORATORIES	$1,963,000	–	40,000	–	0.67%	–
FCX	New	FREEPORT MCMORAN COPPER & GOLD	$1,862,000	–	100,000	–	0.63%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$1,853,000	–	35,000	–	0.63%	–
INTC	New	INTEL CORP	$1,825,000	–	60,000	–	0.62%	–
ECA	New	ENCANA CORPORATION	$1,819,000	–	164,900	–	0.62%	–
	New	ENERSYS 3.375% Convertible Bondbond	$1,726,000	–	1,000,000	–	0.59%	–
CPB	New	CAMPBELL SOUP CO	$1,715,000	–	36,000	–	0.58%	–
FLR	New	FLUOR CORP NEW	$1,696,000	–	32,000	–	0.58%	–
RAD	New	RITE AID CORP	$1,670,000	–	200,000	–	0.57%	–
F102PS	New	BABCOCK & WILCOX CO New	$1,640,000	–	50,000	–	0.56%	–
APA	New	APACHE CORP	$1,614,000	–	28,000	–	0.55%	–
CVE	New	CENOVUS ENERGY INC	$1,600,000	–	100,000	–	0.54%	–
WPX	New	WPX ENERGY INC	$1,578,000	–	128,500	–	0.54%	–
MU	New	MICRON TECHNOLOGY INC	$1,507,000	–	80,000	–	0.51%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,414,000	–	10,900	–	0.48%	–
TRMB	New	TRIMBLE NAVIGATIONS LTD	$1,408,000	–	60,000	–	0.48%	–
LUK	New	LEUCADIA NATL CORP	$1,364,000	–	56,191	–	0.46%	–
LNC	New	LINCOLN NATIONAL CORP	$1,346,000	–	22,734	–	0.46%	–
DD	New	DUPONT DENEMOURS & CO	$1,343,000	–	21,000	–	0.46%	–
NDP	New	TORTOISE ENERGY INDEPENDENCE FD	$1,333,000	–	72,600	–	0.45%	–
IRBT	New	iRobot Corporation	$1,180,000	–	37,000	–	0.40%	–
LLL	New	L-3 COMMUNICATIONS HLDGS	$1,134,000	–	10,000	–	0.39%	–
MON	New	MONSANTO COMPANY	$1,091,000	–	10,234	–	0.37%	–
GOLD	New	BARRICK GOLD CORP	$1,069,000	–	100,000	–	0.36%	–
MDR	New	MCDERMOTT INTERNATIONAL INC	$974,000	–	182,400	–	0.33%	–
AIR	New	AAR CORP	$956,000	–	30,000	–	0.32%	–
AMD	New	ADVANCED MICRO DEVICES INC.	$838,000	–	324,700	–	0.28%	–
HOSSQ	New	HORNBECK OFFSHORE SERVICES INC	$821,000	–	40,000	–	0.28%	–
GLW	New	CORNING INC	$789,000	–	40,000	–	0.27%	–
GAS	New	AGL RESOURCE INC.	$521,000	–	11,200	–	0.18%	–
NBR	New	NABORS INDUSTRIES LTD	$519,000	–	36,000	–	0.18%	–
KRFT	New	KRAFT FOODS GROUP INC (KRFT)	$426,000	–	5,000	–	0.14%	–
XCO	New	EXCO RESOURCES INC	$401,000	–	339,875	–	0.14%	–
SOUHY	New	SOUTH32 LTD NPV ADR	$376,000	–	56,000	–	0.13%	–
T	New	AT&T INC	$355,000	–	10,000	–	0.12%	–
MO	New	ALTRIA GROUP INC	$293,000	–	6,000	–	0.10%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$241,000	–	3,000	–	0.08%	–
MDLZ	New	MONDELEZ INT'L INC	$209,000	–	5,076	–	0.07%	–
ABBV	New	ABBVIE Aug 21call	$49,000	–	16,000	–	0.02%	–
NUAN	New	NUANCE Oct 16call	$30,000	–	50,000	–	0.01%	–
BAX	New	BAXTER Aug 21call	$11,000	–	16,000	–	0.00%	–
BHP	New	BHP BILLITON LTD Aug 21call	$9,000	–	30,000	–	0.00%	–
CPB	New	CAMPBELL SOUP CO Aug 21call	$6,000	–	6,000	–	0.00%	–
GRMN	New	GARMIN Oct 16call	$4,000	–	20,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	ADVANCED MICRO Oct 18call	$0	–	-101,000	–	0.00%	–
	Exit	TRANSOCEAN INC Nov 22call	$0	–	-40,000	–	-0.00%	–
	Exit	WILLIAMS COS Nov 22call	$0	–	-24,900	–	-0.00%	–
	Exit	CONOCO PHILLIPS Nov 22call	$0	–	-30,000	–	-0.00%	–
	Exit	BP PLC Jan 17call	$0	–	-40,000	–	-0.00%	–
	Exit	EXCO RESOURCES INC Dec 20call	$0	–	-100,000	–	-0.00%	–
CPB	Exit	CAMPBELL SOUP CO Nov 22call	$0	–	-40,000	–	-0.00%	–
CSCO	Exit	CISCO SYSTEMS Nov 22call	$0	–	-50,000	–	-0.00%	–
	Exit	ENCANA CORPORATION Oct 18call	$0	–	-50,000	–	-0.00%	–
	Exit	NEWMONT MINING Dec 20call	$0	–	-60,000	–	-0.00%	–
	Exit	NUANCE Oct 18call	$0	–	-110,000	–	-0.01%	–
	Exit	GARMIN Jan 17call	$0	–	-30,000	–	-0.01%	–
	Exit	EMC CORP Oct 18call	$0	–	-40,000	–	-0.02%	–
	Exit	COVIDEON Oct 18call	$0	–	-25,000	–	-0.03%	–
	Exit	MICROSOFT Oct 18call	$0	–	-30,000	–	-0.03%	–
MDLZ	Exit	MONDELEZ INT'L INC	$0	–	-5,076	–	-0.06%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-3,000	–	-0.08%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,000	–	-0.09%	–
KRFT	Exit	KRAFT FOODS GROUP INC (KRFT)	$0	–	-5,000	–	-0.09%	–
	Exit	VERTEX PHARMACEUTICALS Oct 18call	$0	–	-17,200	–	-0.11%	–
T	Exit	AT&T INC	$0	–	-10,000	–	-0.11%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-10,000	–	-0.13%	–
GAS	Exit	AGL RESOURCE INC.	$0	–	-11,200	–	-0.18%	–
ABBV	Exit	ABBVIE INC	$0	–	-10,000	–	-0.18%	–
AIR	Exit	AAR CORP	$0	–	-30,000	–	-0.23%	–
RAD	Exit	RITE AID CORP	$0	–	-150,000	–	-0.23%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR A Shrs	$0	–	-10,000	–	-0.24%	–
GLW	Exit	CORNING INC	$0	–	-40,000	–	-0.24%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-36,000	–	-0.26%	–
HOSSQ	Exit	HORNBECK OFFSHORE SERVICES INC	$0	–	-30,000	–	-0.31%	–
NDP	Exit	TORTOISE ENERGY INDEPENDENCE FD	$0	–	-40,000	–	-0.31%	–
AMD	Exit	ADVANCED MICRO DEVICES INC.	$0	–	-324,700	–	-0.35%	–
XCO	Exit	EXCO RESOURCES INC	$0	–	-339,875	–	-0.36%	–
MON	Exit	MONSANTO COMPANY	$0	–	-10,234	–	-0.36%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS	$0	–	-10,000	–	-0.38%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-22,734	–	-0.39%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-10,900	–	-0.42%	–
LUK	Exit	LEUCADIA NATL CORP	$0	–	-56,191	–	-0.42%	–
F102PS	Exit	BABCOCK & WILCOX CO New	$0	–	-50,000	–	-0.44%	–
	Exit	ENERSYS 3.375% Convertible Bondbond	$0	–	-1,000,000	–	-0.47%	–
DD	Exit	DUPONT DENEMOURS & CO	$0	–	-21,000	–	-0.48%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-35,000	–	-0.49%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-100,000	–	-0.52%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-40,000	–	-0.54%	–
WPX	Exit	WPX ENERGY INC	$0	–	-78,500	–	-0.60%	–
MDR	Exit	MCDERMOTT INTERNATIONAL INC	$0	–	-335,000	–	-0.61%	–
INTC	Exit	INTEL CORP	$0	–	-60,000	–	-0.66%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-32,000	–	-0.68%	–
F113PS	Exit	COVIDIEN LTD	$0	–	-25,000	–	-0.69%	–
APA	Exit	APACHE CORP	$0	–	-23,370	–	-0.70%	–
SCSC	Exit	SCANSOURCE INC.	$0	–	-65,400	–	-0.72%	–
SCG	Exit	SCANA CORP	$0	–	-46,000	–	-0.72%	–
ORB	Exit	ORBITAL SCIENCES CORP	$0	–	-83,700	–	-0.74%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-50,000	–	-0.76%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-30,000	–	-0.76%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-34,528	–	-0.76%	–
GRMN	Exit	GARMIN LTD	$0	–	-46,500	–	-0.77%	–
FLO	Exit	FLOWERS FOODS	$0	–	-136,743	–	-0.80%	–
GD	Exit	GENERAL DYNAMICS CORPORATION	$0	–	-20,000	–	-0.81%	–
HRS	Exit	HARRIS CORP	$0	–	-40,000	–	-0.84%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-40,000	–	-0.89%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-194,800	–	-0.95%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-100,000	–	-0.96%	–
FCX	Exit	FREEPORT MCMORAN COPPER & GOLD	$0	–	-100,000	–	-1.04%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-30,292	–	-1.08%	–
BDX	Exit	BECTON DICKINSON	$0	–	-30,000	–	-1.08%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-160,000	–	-1.17%	–
BCR	Exit	BARD-C R-INC	$0	–	-26,000	–	-1.18%	–
ECA	Exit	ENCANA CORPORATION	$0	–	-164,900	–	-1.24%	–
EMC	Exit	EMC CORP	$0	–	-151,553	–	-1.41%	–
PFE	Exit	PFIZER INC	$0	–	-166,050	–	-1.56%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-70,000	–	-1.59%	–
PSX	Exit	PHILLIPS 66	$0	–	-62,500	–	-1.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-50,000	–	-1.69%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-40,712	–	-1.70%	–
CSCO	Exit	CISCO SYSTEMS	$0	–	-220,000	–	-1.76%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-155,000	–	-1.93%	–
MRK	Exit	MERCK & COMPANY New	$0	–	-110,000	–	-2.07%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-131,549	–	-2.14%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-78,000	–	-2.52%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-80,000	–	-2.57%	–
BHP	Exit	BHP BILLITON LTD	$0	–	-140,000	–	-2.61%	–
RIG	Exit	TRANSOCEAN INC.	$0	–	-259,324	–	-2.63%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-150,300	–	-2.64%	–
DUK	Exit	DUKE ENERGY HOLDING CORPORATION	$0	–	-114,166	–	-2.71%	–
PNY	Exit	PIEDMONT NATURAL GAS COMPANY INC	$0	–	-270,978	–	-2.88%	–
RTN	Exit	RAYTHEON CO	$0	–	-91,000	–	-2.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-200,000	–	-2.94%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-125,000	–	-3.03%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-105,000	–	-3.13%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-95,100	–	-3.18%	–
CVX	Exit	CHEVRON CORP	$0	–	-89,240	–	-3.38%	–
LMT	Exit	LOCKHEED MARTIN CORPORATION	$0	–	-60,000	–	-3.48%	–
CP	Exit	CANADIAN PACIFIC RAILWAY LTD	$0	–	-47,600	–	-3.51%	–
BP	Exit	BP AMOCO P L C ADR	$0	–	-262,240	–	-3.66%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS CORP	$0	–	-83,000	–	-5.00%	–

Q3 2014

			Value		Shares		↓ Weighting
BP	New	BP AMOCO P L C ADR	$11,525,000	–	262,240	–	3.66%	–
WMB	Sell	WILLIAMS COMPANIES	$8,319,000	-10.7%	150,300	-6.1%	2.64%	-6.5%
RIG	Buy	TRANSOCEAN INC.	$8,291,000	+54.3%	259,324	+117.3%	2.63%	+61.5%
BHP	New	BHP BILLITON LTD	$8,243,000	–	140,000	–	2.61%	–
APC	New	ANADARKO PETROLEUM CORP	$8,115,000	–	80,000	–	2.57%	–
BAX	New	BAXTER INTERNATIONAL INC	$5,024,000	–	70,000	–	1.59%	–
BCR	New	BARD-C R-INC	$3,710,000	–	26,000	–	1.18%	–
BDX	New	BECTON DICKINSON	$3,414,000	–	30,000	–	1.08%	–
VRTX	Sell	VERTEX PHARMACEUTICALS	$3,402,000	+14.5%	30,292	-3.5%	1.08%	+19.9%
FCX	Sell	FREEPORT MCMORAN COPPER & GOLD	$3,265,000	-50.3%	100,000	-44.4%	1.04%	-48.0%
GRMN	Buy	GARMIN LTD	$2,418,000	+467.6%	46,500	+564.3%	0.77%	+494.6%
APA	New	APACHE CORP	$2,194,000	–	23,370	–	0.70%	–
INTC	Sell	INTEL CORP	$2,089,000	-32.4%	60,000	-40.0%	0.66%	-29.3%
WPX	Sell	WPX ENERGY INC	$1,889,000	-33.3%	78,500	-33.8%	0.60%	-30.2%
GOLD	New	BARRICK GOLD CORP	$1,647,000	–	100,000	–	0.52%	–
	Buy	ENERSYS 3.375% Convertible Bondbond	$1,478,000	-14.2%	1,000,000	+99900.0%	0.47%	-10.2%
AMD	New	ADVANCED MICRO DEVICES INC.	$1,107,000	–	324,700	–	0.35%	–
HOSSQ	Buy	HORNBECK OFFSHORE SERVICES INC	$982,000	+109.4%	30,000	+200.0%	0.31%	+119.0%
GLW	New	CORNING INC	$774,000	–	40,000	–	0.24%	–
RAD	New	RITE AID CORP	$726,000	–	150,000	–	0.23%	–
AIR	New	AAR CORP	$725,000	–	30,000	–	0.23%	–
GAS	New	AGL RESOURCE INC.	$575,000	–	11,200	–	0.18%	–
ABT	New	ABBOTT LABORATORIES	$416,000	–	10,000	–	0.13%	–
	New	VERTEX PHARMACEUTICALS Oct 18call	$346,000	–	17,200	–	0.11%	–
	New	MICROSOFT Oct 18call	$93,000	–	30,000	–	0.03%	–
	New	COVIDEON Oct 18call	$84,000	–	25,000	–	0.03%	–
	New	EMC CORP Oct 18call	$46,000	–	40,000	–	0.02%	–
	New	GARMIN Jan 17call	$31,000	–	30,000	–	0.01%	–
	New	NUANCE Oct 18call	$15,000	–	110,000	–	0.01%	–
	New	NEWMONT MINING Dec 20call	$8,000	–	60,000	–	0.00%	–
CSCO	New	CISCO SYSTEMS Nov 22call	$9,000	–	50,000	–	0.00%	–
	New	ENCANA CORPORATION Oct 18call	$10,000	–	50,000	–	0.00%	–
CPB	New	CAMPBELL SOUP CO Nov 22call	$6,000	–	40,000	–	0.00%	–
	New	CONOCO PHILLIPS Nov 22call	$2,000	–	30,000	–	0.00%	–
	New	WILLIAMS COS Nov 22call	$3,000	–	24,900	–	0.00%	–
	New	BP PLC Jan 17call	$3,000	–	40,000	–	0.00%	–
	New	TRANSOCEAN INC Nov 22call	$3,000	–	40,000	–	0.00%	–
	New	EXCO RESOURCES INC Dec 20call	$3,000	–	100,000	–	0.00%	–
	New	ADVANCED MICRO Oct 18call	$0	–	101,000	–	0.00%	–
GRMN	Exit	GARMIN July 19call	$0	–	-500	–	-0.00%	–
	Exit	BP PLC Jan 17call	$0	–	-10,000	–	-0.00%	–
EMC	Exit	EMC CORP Oct 18call	$0	–	-40,000	–	-0.01%	–
	Exit	BAXTER INTERNATIONAL INC Aug 16call	$0	–	-25,000	–	-0.01%	–
	Exit	BHP BILLITON LTD Aug 16call	$0	–	-30,000	–	-0.01%	–
	Exit	ADVANCED MICRO Oct 18call	$0	–	-101,000	–	-0.01%	–
MSFT	Exit	MICROSOFT Oct 18call	$0	–	-30,000	–	-0.01%	–
COP	Exit	CONOCO PHILLIPS Nov 22call	$0	–	-30,000	–	-0.01%	–
XCO	Exit	EXCO RESOURCES INC Dec 20call	$0	–	-100,000	–	-0.02%	–
VRTX	Exit	VERTEX PHARMACEUTICALS July 19call	$0	–	-10,000	–	-0.03%	–
ECA	Exit	ENCANA Jul 19call	$0	–	-50,000	–	-0.04%	–
NBR	Exit	NABORS Sept 20call	$0	–	-30,000	–	-0.04%	–
FCX	Exit	FREEPORT McMORAN COPPER & GOLD Aug 16call	$0	–	-80,000	–	-0.04%	–
WMB	Exit	WILLIAMS COS Nov 22call	$0	–	-34,600	–	-0.04%	–
INTC	Exit	INTEL July 19call	$0	–	-40,000	–	-0.05%	–
WPX	Exit	WPX ENERGY INC Aug 16call	$0	–	-40,000	–	-0.05%	–
F113PS	Exit	COVIDEON Oct 18call	$0	–	-25,000	–	-0.06%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC Jul 19call	$0	–	-100,000	–	-0.06%	–
	Exit	ANADARKO PETROLEUM CORP Aug 16call	$0	–	-20,000	–	-0.07%	–
	Exit	APACHE July 19call	$0	–	-20,000	–	-0.10%	–
	Exit	ABBOTT LABORATORIES	$0	–	-10,000	–	-0.12%	–
	Exit	AAR CORP	$0	–	-20,000	–	-0.17%	–
	Exit	AGL RESOURCE INC.	$0	–	-11,200	–	-0.19%	–
	Exit	NUANCE COMMUNIC 2.75% Conv Bdsbond	$0	–	-1,000	–	-0.32%	–
	Exit	ADVANCED MICRO DEVICES INC.	$0	–	-324,700	–	-0.41%	–
	Exit	BARRICK GOLD CORP	$0	–	-100,000	–	-0.59%	–
	Exit	BECTON DICKINSON	$0	–	-30,000	–	-1.08%	–
	Exit	BARD-C R-INC	$0	–	-26,000	–	-1.13%	–
	Exit	APACHE CORP	$0	–	-43,370	–	-1.32%	–
	Exit	BAXTER INTERNATIONAL INC	$0	–	-70,000	–	-1.53%	–
	Exit	BHP BILLITON LTD	$0	–	-140,000	–	-2.90%	–
	Exit	ANADARKO PETROLEUM CORP	$0	–	-100,000	–	-3.32%	–
	Exit	BP AMOCO P L C ADR	$0	–	-242,240	–	-3.87%	–

Q2 2014

			Value		Shares		↓ Weighting
IBM	New	INTERNATIONAL BUSINESS MACHS CORP	$15,045,000	–	83,000	–	4.56%	–
	New	BP AMOCO P L C ADR	$12,778,000	–	242,240	–	3.87%	–
CVX	New	CHEVRON CORP	$11,650,000	–	89,240	–	3.53%	–
UTX	New	UNITED TECHNOLOGIES CORP	$10,979,000	–	95,100	–	3.33%	–
	New	ANADARKO PETROLEUM CORP	$10,947,000	–	100,000	–	3.32%	–
COP	New	CONOCOPHILLIPS	$10,716,000	–	125,000	–	3.25%	–
XOM	New	EXXON MOBIL CORP	$10,571,000	–	105,000	–	3.20%	–
PNY	New	PIEDMONT NATURAL GAS COMPANY INC	$10,137,000	–	270,978	–	3.07%	–
LMT	New	LOCKHEED MARTIN CORPORATION	$9,644,000	–	60,000	–	2.92%	–
	New	BHP BILLITON LTD	$9,583,000	–	140,000	–	2.90%	–
WMB	New	WILLIAMS COMPANIES	$9,314,000	–	160,000	–	2.82%	–
CP	New	CANADIAN PACIFIC RAILWAY LTD	$9,202,000	–	47,600	–	2.79%	–
SLB	New	SCHLUMBERGER LTD	$9,200,000	–	78,000	–	2.79%	–
DUK	New	DUKE ENERGY HOLDING CORPORATION	$8,470,000	–	114,166	–	2.57%	–
RTN	New	RAYTHEON CO	$8,395,000	–	91,000	–	2.54%	–
MSFT	New	MICROSOFT CORP	$8,340,000	–	200,000	–	2.53%	–
SE	New	SPECTRA ENERGY CORP	$6,584,000	–	155,000	–	2.00%	–
FCX	New	FREEPORT MCMORAN COPPER & GOLD	$6,570,000	–	180,000	–	1.99%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$6,381,000	–	131,549	–	1.93%	–
MRK	New	MERCK & COMPANY New	$6,364,000	–	110,000	–	1.93%	–
CSCO	New	CISCO SYSTEMS	$5,467,000	–	220,000	–	1.66%	–
RIG	New	TRANSOCEAN INC.	$5,373,000	–	119,324	–	1.63%	–
JNJ	New	JOHNSON & JOHNSON	$5,231,000	–	50,000	–	1.58%	–
	New	BAXTER INTERNATIONAL INC	$5,061,000	–	70,000	–	1.53%	–
PSX	New	PHILLIPS 66	$5,027,000	–	62,500	–	1.52%	–
PFE	New	PFIZER INC	$4,928,000	–	166,050	–	1.49%	–
NOC	New	NORTHROP GRUMMAN CORP	$4,870,000	–	40,712	–	1.48%	–
	New	APACHE CORP	$4,364,000	–	43,370	–	1.32%	–
ECA	New	ENCANA CORPORATION	$4,169,000	–	164,900	–	1.26%	–
NEM	New	NEWMONT MINING CORP	$4,070,000	–	160,000	–	1.23%	–
EMC	New	EMC CORP	$3,992,000	–	151,553	–	1.21%	–
	New	BARD-C R-INC	$3,718,000	–	26,000	–	1.13%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$3,656,000	–	194,800	–	1.11%	–
	New	BECTON DICKINSON	$3,549,000	–	30,000	–	1.08%	–
CVE	New	CENOVUS ENERGY INC	$3,459,000	–	100,000	–	1.05%	–
INTC	New	INTEL CORP	$3,090,000	–	100,000	–	0.94%	–
HRS	New	HARRIS CORP	$3,030,000	–	40,000	–	0.92%	–
VRTX	New	VERTEX PHARMACEUTICALS	$2,972,000	–	31,392	–	0.90%	–
GPN	New	GLOBAL PAYMENTS INC	$2,914,000	–	40,000	–	0.88%	–
FLO	New	FLOWERS FOODS	$2,883,000	–	136,743	–	0.87%	–
WPX	New	WPX ENERGY INC	$2,833,000	–	118,500	–	0.86%	–
MDR	New	MCDERMOTT INTERNATIONAL INC	$2,710,000	–	335,000	–	0.82%	–
SCSC	New	SCANSOURCE INC.	$2,490,000	–	65,400	–	0.75%	–
SCG	New	SCANA CORP	$2,475,000	–	46,000	–	0.75%	–
ORB	New	ORBITAL SCIENCES CORP	$2,473,000	–	83,700	–	0.75%	–
D	New	DOMINION RESOURCES INC	$2,469,000	–	34,528	–	0.75%	–
FLR	New	FLUOR CORP NEW	$2,461,000	–	32,000	–	0.75%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,390,000	–	50,000	–	0.72%	–
GD	New	GENERAL DYNAMICS CORPORATION	$2,331,000	–	20,000	–	0.71%	–
CVS	New	CVS CAREMARK CORP	$2,261,000	–	30,000	–	0.68%	–
F113PS	New	COVIDIEN LTD	$2,255,000	–	25,000	–	0.68%	–
XCO	New	EXCO RESOURCES INC	$2,002,000	–	339,875	–	0.61%	–
	New	BARRICK GOLD CORP	$1,954,000	–	100,000	–	0.59%	–
CPB	New	CAMPBELL SOUP CO	$1,832,000	–	40,000	–	0.56%	–
	New	ENERSYS 3.375% Convertible Bondbond	$1,723,000	–	1,000	–	0.52%	–
F102PS	New	BABCOCK & WILCOX CO New	$1,623,000	–	50,000	–	0.49%	–
LUK	New	LEUCADIA NATL CORP	$1,473,000	–	56,191	–	0.45%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$1,423,000	–	35,000	–	0.43%	–
DD	New	DUPONT DENEMOURS & CO	$1,374,000	–	21,000	–	0.42%	–
	New	ADVANCED MICRO DEVICES INC.	$1,360,000	–	324,700	–	0.41%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,286,000	–	10,900	–	0.39%	–
MON	New	MONSANTO COMPANY	$1,277,000	–	10,234	–	0.39%	–
LLL	New	L-3 COMMUNICATIONS HLDGS	$1,208,000	–	10,000	–	0.37%	–
LNC	New	LINCOLN NATIONAL CORP	$1,169,000	–	22,734	–	0.35%	–
NDP	New	TORTOISE ENERGY INDEPENDENCE FD	$1,125,000	–	40,000	–	0.34%	–
	New	NUANCE COMMUNIC 2.75% Conv Bdsbond	$1,060,000	–	1,000	–	0.32%	–
NBR	New	NABORS INDUSTRIES LTD	$1,057,000	–	36,000	–	0.32%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR A Shrs	$824,000	–	10,000	–	0.25%	–
	New	AGL RESOURCE INC.	$616,000	–	11,200	–	0.19%	–
ABBV	New	ABBVIE INC	$564,000	–	10,000	–	0.17%	–
	New	AAR CORP	$551,000	–	20,000	–	0.17%	–
HOSSQ	New	HORNBECK OFFSHORE SERVICES INC	$469,000	–	10,000	–	0.14%	–
GRMN	New	GARMIN LTD	$426,000	–	7,000	–	0.13%	–
	New	ABBOTT LABORATORIES	$409,000	–	10,000	–	0.12%	–
T	New	AT&T INC	$354,000	–	10,000	–	0.11%	–
	New	APACHE July 19call	$315,000	–	20,000	–	0.10%	–
KRFT	New	KRAFT FOODS GROUP INC (KRFT)	$300,000	–	5,000	–	0.09%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$253,000	–	3,000	–	0.08%	–
MO	New	ALTRIA GROUP INC	$252,000	–	6,000	–	0.08%	–
	New	ANADARKO PETROLEUM CORP Aug 16call	$228,000	–	20,000	–	0.07%	–
MDLZ	New	MONDELEZ INT'L INC	$191,000	–	5,076	–	0.06%	–
NUAN	New	NUANCE COMMUNICATIONS INC Jul 19call	$185,000	–	100,000	–	0.06%	–
F113PS	New	COVIDEON Oct 18call	$183,000	–	25,000	–	0.06%	–
WPX	New	WPX ENERGY INC Aug 16call	$159,000	–	40,000	–	0.05%	–
INTC	New	INTEL July 19call	$158,000	–	40,000	–	0.05%	–
WMB	New	WILLIAMS COS Nov 22call	$148,000	–	34,600	–	0.04%	–
FCX	New	FREEPORT McMORAN COPPER & GOLD Aug 16call	$141,000	–	80,000	–	0.04%	–
NBR	New	NABORS Sept 20call	$139,000	–	30,000	–	0.04%	–
ECA	New	ENCANA Jul 19call	$133,000	–	50,000	–	0.04%	–
VRTX	New	VERTEX PHARMACEUTICALS July 19call	$100,000	–	10,000	–	0.03%	–
XCO	New	EXCO RESOURCES INC Dec 20call	$52,000	–	100,000	–	0.02%	–
COP	New	CONOCO PHILLIPS Nov 22call	$44,000	–	30,000	–	0.01%	–
MSFT	New	MICROSOFT Oct 18call	$35,000	–	30,000	–	0.01%	–
	New	ADVANCED MICRO Oct 18call	$27,000	–	101,000	–	0.01%	–
	New	BAXTER INTERNATIONAL INC Aug 16call	$16,000	–	25,000	–	0.01%	–
	New	BHP BILLITON LTD Aug 16call	$15,000	–	30,000	–	0.01%	–
EMC	New	EMC CORP Oct 18call	$18,000	–	40,000	–	0.01%	–
	New	BP PLC Jan 17call	$10,000	–	10,000	–	0.00%	–
GRMN	New	GARMIN July 19call	$3,000	–	500	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
MNKKQ	Exit	MALLINCKRODT PLC	$0	–	-3,125	–	-0.05%	–
MDLZ	Exit	MONDELEZ INT'L INC	$0	–	-5,076	–	-0.05%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,000	–	-0.07%	–
XRX	Exit	XEROX Oct 19	$0	–	-35,800	–	-0.07%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-3,000	–	-0.09%	–
KRFT	Exit	KRAFT FOODS GROUP INC (KRFT)	$0	–	-5,000	–	-0.09%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-10,000	–	-0.11%	–
T	Exit	AT&T INC	$0	–	-10,000	–	-0.11%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-5,000	–	-0.14%	–
ABBV	Exit	ABBVIE INC	$0	–	-10,000	–	-0.15%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-6,000	–	-0.15%	–
GAS	Exit	AGL RESOURCE INC.	$0	–	-11,200	–	-0.17%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-36,000	–	-0.19%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR A Shrs	$0	–	-10,000	–	-0.22%	–
VRTX	Exit	VERTEX PHARMACEUTICALS Oct 19	$0	–	-20,696	–	-0.27%	–
AIR	Exit	AAR CORP	$0	–	-30,000	–	-0.27%	–
XCO	Exit	EXCO RESOURCES INC	$0	–	-121,900	–	-0.27%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS	$0	–	-10,000	–	-0.31%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-22,734	–	-0.32%	–
NDP	Exit	TORTOISE ENERGY INDEPENDENCE FD	$0	–	-40,000	–	-0.32%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-10,900	–	-0.33%	–
	Exit	NUANCE COMMUNIC 2.75% Conv Bdsbond	$0	–	-1,000,000	–	-0.38%	–
DD	Exit	DUPONT DENEMOURS & CO	$0	–	-21,000	–	-0.41%	–
AMD	Exit	ADVANCED MICRO DEVICES INC.	$0	–	-432,000	–	-0.43%	–
WPX	Exit	WPX ENERGY INC	$0	–	-70,000	–	-0.45%	–
	Exit	COVANTA HOLDING 3.25% Conv Bd 144Abond	$0	–	-1,000,000	–	-0.46%	–
F113PS	Exit	COVIDIEN LTD	$0	–	-25,000	–	-0.51%	–
	Exit	LEUCADIA NATL 3.75% Conv Corp Bdbond	$0	–	-1,190,000	–	-0.51%	–
	Exit	ENERSYS 3.375% Convertible Bondbond	$0	–	-1,000,000	–	-0.51%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-40,000	–	-0.54%	–
F102PS	Exit	BABCOCK & WILCOX CO New	$0	–	-50,000	–	-0.56%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-30,000	–	-0.56%	–
APA	Exit	APACHE CORP Jan 18	$0	–	-40,000	–	-0.58%	–
GD	Exit	GENERAL DYNAMICS CORPORATION Nov 16	$0	–	-40,000	–	-0.59%	–
ORB	Exit	ORBITAL SCIENCES CORP	$0	–	-83,700	–	-0.59%	–
TRMB	Exit	TRIMBLE NAVIGATIONS LTD	$0	–	-60,000	–	-0.59%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-100,000	–	-0.62%	–
GOLD	Exit	BARRICK GOLD CORP Nov 16	$0	–	-140,000	–	-0.63%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-50,000	–	-0.67%	–
SCG	Exit	SCANA CORP	$0	–	-46,000	–	-0.70%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-34,528	–	-0.72%	–
MON	Exit	MONSANTO COMPANY Jan 18	$0	–	-30,234	–	-0.72%	–
INTC	Exit	INTEL CORP Nov 16	$0	–	-140,000	–	-0.76%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-50,000	–	-0.78%	–
MDR	Exit	MCDERMOTT INTERNATIONAL INC	$0	–	-335,000	–	-0.83%	–
SCSC	Exit	SCANSOURCE INC.	$0	–	-78,535	–	-0.90%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-54,000	–	-0.92%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-40,000	–	-0.94%	–
ECA	Exit	ENCANA CORPORATION	$0	–	-164,900	–	-0.95%	–
FLO	Exit	FLOWERS FOODS	$0	–	-136,743	–	-0.97%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-100,000	–	-0.99%	–
BCR	Exit	BARD-C R-INC	$0	–	-26,000	–	-0.99%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-110,000	–	-1.02%	–
HRS	Exit	HARRIS CORP	$0	–	-60,000	–	-1.18%	–
PSX	Exit	PHILLIPS 66	$0	–	-62,500	–	-1.20%	–
EMC	Exit	EMC CORP Oct 19	$0	–	-202,053	–	-1.29%	–
RIG	Exit	TRANSOCEAN Nov 16	$0	–	-119,662	–	-1.33%	–
BDX	Exit	BECTON DICKINSON	$0	–	-40,000	–	-1.33%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-50,000	–	-1.44%	–
BAX	Exit	BAXTER INTERNATIONAL INC Nov 16	$0	–	-100,000	–	-1.53%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-155,000	–	-1.76%	–
NOC	Exit	NORTHROP GRUMMAN CORP Nov 16	$0	–	-70,712	–	-1.76%	–
FCX	Exit	FREEPORT MCMORAN COPPER & GOLD Oct 19	$0	–	-214,740	–	-1.93%	–
CP	Exit	CANADIAN PACIFIC RAILWAY LTD	$0	–	-47,600	–	-1.95%	–
PFE	Exit	PFIZER INC Dec 21	$0	–	-246,050	–	-1.97%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-131,549	–	-2.02%	–
CSCO	Exit	CISCO SYSTEMS	$0	–	-270,000	–	-2.10%	–
MRK	Exit	MERCK & COMPANY New	$0	–	-140,000	–	-2.21%	–
SLB	Exit	SCHLUMBERGER LTD Nov 16	$0	–	-84,000	–	-2.38%	–
APC	Exit	ANADARKO PETROLEUM CORP Oct 19	$0	–	-100,000	–	-2.48%	–
QID	Exit	PROSHARES ULTRASHORT QQQ ETF	$0	–	-400,000	–	-2.52%	–
DUK	Exit	DUKE ENERGY HOLDING CORPORATION	$0	–	-114,166	–	-2.53%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-230,000	–	-2.54%	–
WMB	Exit	WILLIAMS CO Nov 16	$0	–	-250,000	–	-2.66%	–
RTN	Exit	RAYTHEON CO Nov 16	$0	–	-131,000	–	-2.84%	–
COP	Exit	CONOCOPHILLIPS Jan 18	$0	–	-155,000	–	-2.89%	–
PNY	Exit	PIEDMONT NATURAL GAS COMPANY INC	$0	–	-270,978	–	-2.96%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-105,000	–	-3.00%	–
BHP	Exit	BHP BILLITON LTD	$0	–	-140,000	–	-3.09%	–
BP	Exit	BP PLC Oct 19	$0	–	-272,240	–	-3.38%	–
LMT	Exit	LOCKHEED MARTIN CORPORATION Jan 18	$0	–	-100,000	–	-3.40%	–
CVX	Exit	CHEVRON CORP	$0	–	-89,240	–	-3.60%	–
UTX	Exit	UNITED TECHNOLOGIES CORP Jan 18	$0	–	-135,000	–	-4.13%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS CORP	$0	–	-83,000	–	-5.10%	–

Q3 2013

			Value		Shares		↓ Weighting
UTX	Buy	UNITED TECHNOLOGIES CORP Jan 18	$12,463,000	+16.6%	135,000	+17.4%	4.13%	+8.7%
LMT	Buy	LOCKHEED MARTIN CORPORATION Jan 18	$10,244,000	+18.1%	100,000	+25.0%	3.40%	+10.1%
BP	Buy	BP PLC Oct 19	$10,183,000	+50.3%	272,240	+41.6%	3.38%	+40.2%
COP	Buy	CONOCOPHILLIPS Jan 18	$8,723,000	+15.3%	155,000	+24.0%	2.89%	+7.5%
RTN	Buy	RAYTHEON CO Nov 16	$8,563,000	+16.7%	131,000	+18.0%	2.84%	+8.8%
WMB	Buy	WILLIAMS CO Nov 16	$8,031,000	+30.1%	250,000	+13.6%	2.66%	+21.3%
MSFT	Sell	MICROSOFT CORP	$7,661,000	-10.2%	230,000	-11.3%	2.54%	-16.3%
QID	Buy	PROSHARES ULTRASHORT QQQ ETF	$7,604,000	+60.4%	400,000	+100.0%	2.52%	+49.5%
SLB	Buy	SCHLUMBERGER LTD Nov 16	$7,167,000	+23.5%	84,000	+3.7%	2.38%	+15.1%
MRK	Sell	MERCK & COMPANY New	$6,665,000	+2.4%	140,000	-17.6%	2.21%	-4.5%
PFE	Buy	PFIZER INC Dec 21	$5,943,000	+3.0%	246,050	+19.4%	1.97%	-4.0%
FCX	Buy	FREEPORT MCMORAN COPPER & GOLD Oct 19	$5,809,000	+56.2%	214,740	+59.4%	1.93%	+45.7%
NOC	Buy	NORTHROP GRUMMAN CORP Nov 16	$5,321,000	+15.3%	70,712	+26.9%	1.76%	+7.6%
BAX	Buy	BAXTER INTERNATIONAL INC Nov 16	$4,600,000	-5.1%	100,000	+42.9%	1.53%	-11.5%
RIG	Buy	TRANSOCEAN Nov 16	$3,999,000	+39.8%	119,662	+100.6%	1.33%	+30.3%
EMC	Buy	EMC CORP Oct 19	$3,886,000	+8.5%	202,053	+33.3%	1.29%	+1.2%
NEM	Sell	NEWMONT MINING CORP	$3,091,000	-6.3%	110,000	-21.4%	1.02%	-12.7%
MDR	Buy	MCDERMOTT INTERNATIONAL INC	$2,489,000	+6.8%	335,000	+17.5%	0.83%	-0.4%
INTC	Buy	INTEL CORP Nov 16	$2,306,000	-4.8%	140,000	+40.0%	0.76%	-11.3%
MON	Buy	MONSANTO COMPANY Jan 18	$2,186,000	+116.2%	30,234	+195.4%	0.72%	+101.4%
GOLD	Buy	BARRICK GOLD CORP Nov 16	$1,890,000	+19.9%	140,000	+7.7%	0.63%	+11.8%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$1,870,000	+41.3%	100,000	+38.9%	0.62%	+31.6%
GD	Buy	GENERAL DYNAMICS CORPORATION Nov 16	$1,771,000	+13.0%	40,000	+100.0%	0.59%	+5.2%
APA	Sell	APACHE CORP Jan 18	$1,751,000	-49.2%	40,000	-33.3%	0.58%	-52.6%
AMD	Buy	ADVANCED MICRO DEVICES INC.	$1,300,000	+20.3%	432,000	+23.4%	0.43%	+11.9%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$1,004,000	-33.7%	10,900	-39.1%	0.33%	-38.2%
AIR	New	AAR CORP	$820,000	–	30,000	–	0.27%	–
VRTX	Buy	VERTEX PHARMACEUTICALS Oct 19	$814,000	-4.7%	20,696	+93.5%	0.27%	-11.2%
XRX	Sell	XEROX Oct 19	$207,000	-78.6%	35,800	-82.1%	0.07%	-79.9%
MNKKQ	New	MALLINCKRODT PLC	$138,000	–	3,125	–	0.05%	–
BRCD	Exit	BROCADE Jul 20	$0	–	-200,000	–	-0.21%	–
AIR	Exit	AAR CORP	$0	–	-30,000	–	-0.23%	–
HOSSQ	Exit	HORNBECK OFFSHORE SERVICES INC Sept 21	$0	–	-60,000	–	-0.64%	–

Q2 2013

			Value		Shares		↓ Weighting
IBM	New	INTERNATIONAL BUSINESS MACHS CORP	$15,862,000	–	83,000	–	5.64%	–
UTX	New	UNITED TECHNOLOGIES CORP	$10,688,000	–	115,000	–	3.80%	–
CVX	New	CHEVRON CORP	$10,561,000	–	89,240	–	3.76%	–
XOM	New	EXXON MOBIL CORP	$9,487,000	–	105,000	–	3.38%	–
PNY	New	PIEDMONT NATURAL GAS COMPANY INC	$9,143,000	–	270,978	–	3.25%	–
LMT	New	LOCKHEED MARTIN CORPORATION	$8,677,000	–	80,000	–	3.09%	–
MSFT	New	MICROSOFT Jul 20	$8,533,000	–	259,400	–	3.04%	–
BHP	New	BHP BILLITON LTD	$8,072,000	–	140,000	–	2.87%	–
DUK	New	DUKE ENERGY HOLDING CORPORATION	$7,706,000	–	114,166	–	2.74%	–
COP	New	CONOCOPHILLIPS	$7,563,000	–	125,000	–	2.69%	–
RTN	New	RAYTHEON CO	$7,339,000	–	111,000	–	2.61%	–
APC	New	ANADARKO PETROLEUM CORP Aug 17	$6,923,000	–	100,000	–	2.46%	–
BP	New	BP PLC July 20	$6,774,000	–	192,240	–	2.41%	–
CSCO	New	CISCO SYSTEMS	$6,564,000	–	270,000	–	2.34%	–
MRK	New	MERCK Jul 20	$6,511,000	–	170,000	–	2.32%	–
WMB	New	WILLIAMS COMPANIES	$6,172,000	–	220,000	–	2.20%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$5,879,000	–	131,549	–	2.09%	–
SLB	New	SCHLUMBERGER LTD	$5,804,000	–	81,000	–	2.06%	–
CP	New	CANADIAN PACIFIC RAILWAY LTD	$5,778,000	–	47,600	–	2.06%	–
PFE	New	PFIZER INC	$5,771,000	–	206,050	–	2.05%	–
SE	New	SPECTRA ENERGY CORP	$5,341,000	–	155,000	–	1.90%	–
BAX	New	BAXTER INTERNATIONAL INC	$4,849,000	–	70,000	–	1.72%	–
QID	New	PROSHARES ULTRASHORT QQQ ETF	$4,742,000	–	200,000	–	1.69%	–
NOC	New	NORTHROP GRUMMAN CORP	$4,613,000	–	55,712	–	1.64%	–
JNJ	New	JOHNSON & JOHNSON	$4,293,000	–	50,000	–	1.53%	–
BDX	New	BECTON DICKINSON	$3,953,000	–	40,000	–	1.41%	–
FCX	New	FREEPORT MCMORAN COPPER & GOLD	$3,720,000	–	134,740	–	1.32%	–
PSX	New	PHILLIPS 66	$3,682,000	–	62,500	–	1.31%	–
EMC	New	EMC CORP	$3,580,000	–	151,553	–	1.27%	–
APA	New	APACHE CORP Jul 20	$3,448,000	–	60,000	–	1.23%	–
NEM	New	NEWMONT MINING CORP Jul 20	$3,299,000	–	140,000	–	1.17%	–
FLO	New	FLOWERS FOODS	$3,015,000	–	136,743	–	1.07%	–
HRS	New	HARRIS CORP	$2,955,000	–	60,000	–	1.05%	–
RIG	New	TRANSOCEAN INC.	$2,861,000	–	59,662	–	1.02%	–
CVE	New	CENOVUS ENERGY INC	$2,852,000	–	100,000	–	1.02%	–
BCR	New	BARD-C R-INC	$2,826,000	–	26,000	–	1.00%	–
ECA	New	ENCANA CORPORATION	$2,793,000	–	164,900	–	0.99%	–
SCSC	New	SCANSOURCE INC.	$2,513,000	–	78,535	–	0.89%	–
GPN	New	GLOBAL PAYMENTS INC	$2,501,000	–	54,000	–	0.89%	–
INTC	New	INTEL CORP	$2,422,000	–	100,000	–	0.86%	–
FLR	New	FLUOR CORP NEW	$2,372,000	–	40,000	–	0.84%	–
MDR	New	MCDERMOTT INTERNATIONAL INC	$2,331,000	–	285,000	–	0.83%	–
SCG	New	SCANA CORP	$2,259,000	–	46,000	–	0.80%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$2,103,000	–	50,000	–	0.75%	–
D	New	DOMINION RESOURCES INC	$1,962,000	–	34,528	–	0.70%	–
CPB	New	CAMPBELL SOUP CO	$1,792,000	–	40,000	–	0.64%	–
HOSSQ	New	HORNBECK OFFSHORE SERVICES INC Sept 21	$1,793,000	–	60,000	–	0.64%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,744,000	–	50,000	–	0.62%	–
CVS	New	CVS CAREMARK CORP	$1,715,000	–	30,000	–	0.61%	–
GOLD	New	BARRICK GOLD CORP Jul 20	$1,576,000	–	130,000	–	0.56%	–
F113PS	New	COVIDIEN LTD	$1,571,000	–	25,000	–	0.56%	–
GD	New	GENERAL DYNAMICS CORPORATION	$1,567,000	–	20,000	–	0.56%	–
TRMB	New	TRIMBLE NAVIGATIONS LTD	$1,561,000	–	60,000	–	0.56%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,515,000	–	17,900	–	0.54%	–
	New	LEUCADIA NATL 3.75% Conv Corp Bdbond	$1,503,000	–	1,190,000	–	0.54%	–
F102PS	New	BABCOCK & WILCOX CO New	$1,502,000	–	50,000	–	0.53%	–
ORB	New	ORBITAL SCIENCES CORP	$1,454,000	–	83,700	–	0.52%	–
WPX	New	WPX ENERGY INC	$1,326,000	–	70,000	–	0.47%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$1,323,000	–	72,000	–	0.47%	–
	New	ENERSYS 3.375% Convertible Bondbond	$1,309,000	–	1,000,000	–	0.47%	–
	New	COVANTA HOLDING 3.25% Conv Bd 144Abond	$1,290,000	–	1,000,000	–	0.46%	–
	New	NUANCE COMMUNIC 2.75% Conv Bdsbond	$1,154,000	–	1,000,000	–	0.41%	–
DD	New	DUPONT DENEMOURS & CO	$1,103,000	–	21,000	–	0.39%	–
AMD	New	ADVANCED MICRO Jul 20	$1,081,000	–	350,000	–	0.38%	–
MON	New	MONSANTO COMPANY	$1,011,000	–	10,234	–	0.36%	–
XRX	New	XEROX Oct 19	$968,000	–	200,000	–	0.34%	–
NDP	New	TORTOISE ENERGY INDEPENDENCE FD	$942,000	–	40,000	–	0.34%	–
XCO	New	EXCO RESOURCES INC	$931,000	–	121,900	–	0.33%	–
LLL	New	L-3 COMMUNICATIONS HLDGS	$857,000	–	10,000	–	0.30%	–
VRTX	New	VERTEX PHARMACEUTICALS	$854,000	–	10,696	–	0.30%	–
LNC	New	LINCOLN NATIONAL CORP	$829,000	–	22,734	–	0.30%	–
AIR	New	AAR CORP	$659,000	–	30,000	–	0.23%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR A Shrs	$638,000	–	10,000	–	0.23%	–
BRCD	New	BROCADE Jul 20	$584,000	–	200,000	–	0.21%	–
NBR	New	NABORS INDUSTRIES LTD	$551,000	–	36,000	–	0.20%	–
GAS	New	AGL RESOURCE INC.	$480,000	–	11,200	–	0.17%	–
ITW	New	ILLINOIS TOOL WORKS INC	$415,000	–	6,000	–	0.15%	–
ABBV	New	ABBVIE INC	$413,000	–	10,000	–	0.15%	–
ZBH	New	ZIMMER HOLDINGS INC	$375,000	–	5,000	–	0.13%	–
T	New	AT&T INC	$354,000	–	10,000	–	0.13%	–
ABT	New	ABBOTT LABORATORIES	$349,000	–	10,000	–	0.12%	–
KRFT	New	KRAFT FOODS GROUP INC (KRFT)	$279,000	–	5,000	–	0.10%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$260,000	–	3,000	–	0.09%	–
MO	New	ALTRIA GROUP INC	$210,000	–	6,000	–	0.08%	–
MDLZ	New	MONDELEZ INT'L INC	$145,000	–	5,076	–	0.05%	–

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Export Canal Insurance CO's holdings