Cubic Asset Management, LLC Activity Q4 2007-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$19,361,159	+13.2%	61,318	+22.0%	5.33%	+15.7%
GOOG	Sell	ALPHABET INC-CL C	$12,490,942	+3.1%	94,736	-5.4%	3.44%	+5.4%
FB	Buy	META PLATFORMS INC-A	$10,753,222	+34.8%	35,819	+28.8%	2.96%	+37.8%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$9,686,185	-6.3%	78,897	-3.8%	2.66%	-4.1%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$9,360,366	-2.4%	26,721	-5.0%	2.58%	-0.2%
AFL	Sell	A F L A C INC	$7,635,397	+2.8%	99,484	-6.5%	2.10%	+5.1%
FDX	Sell	FEDEX CORPORATION	$7,310,997	+1.2%	27,597	-5.3%	2.01%	+3.4%
LKQ	Sell	LKQ CORP	$6,944,520	-19.1%	140,265	-4.8%	1.91%	-17.2%
ALL	Sell	ALLSTATE CORP	$6,763,701	-2.5%	60,710	-4.6%	1.86%	-0.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$6,390,184	-4.8%	19,749	-5.1%	1.76%	-2.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,294,308	+1.8%	12,484	-2.9%	1.73%	+4.1%
LOW	Sell	LOWE'S COS INC	$6,182,616	-13.7%	29,747	-6.3%	1.70%	-11.7%
ABBV	Sell	ABBVIE INC	$5,977,604	-1.0%	40,102	-10.5%	1.64%	+1.3%
JNJ	Sell	JOHNSON & JOHNSON	$5,840,469	-13.1%	37,499	-7.7%	1.61%	-11.2%
BA	Sell	BOEING CO	$5,668,169	-14.6%	29,571	-6.0%	1.56%	-12.8%
CVS	Sell	CVS INC	$5,580,643	-5.4%	79,929	-6.4%	1.54%	-3.3%
AXP	Sell	AMERICAN EXPRESS CO	$5,567,771	-23.0%	37,320	-10.1%	1.53%	-21.2%
GPC	Sell	GENUINE PARTS CO	$5,544,192	-18.7%	38,400	-4.7%	1.52%	-16.9%
MA	New	MASTERCARD INC-CLASS A	$5,516,214	–	13,933	–	1.52%	–
OMC	Sell	OMNICOM GROUP INC	$5,480,015	-27.2%	73,577	-7.0%	1.51%	-25.6%
AMZN	Buy	AMAZON.COM INC	$5,007,003	+120.9%	39,388	+126.5%	1.38%	+125.9%
PFE	Sell	PFIZER INCORPORATED	$4,886,768	-14.7%	147,325	-5.7%	1.34%	-12.8%
GPI	Sell	GROUP 1 AUTOMOTIVE	$4,619,394	-5.5%	17,191	-9.2%	1.27%	-3.3%
C	Sell	CITIGROUP INC	$4,525,040	-17.2%	110,018	-7.3%	1.24%	-15.3%
DAL	Sell	DELTA AIRLINES INC	$4,488,618	-26.5%	121,314	-5.6%	1.24%	-24.9%
INTC	Sell	INTEL CORP	$4,364,189	-2.5%	122,762	-8.3%	1.20%	-0.3%
CSCO	Sell	CISCO SYSTEMS INC	$4,022,753	-5.8%	74,828	-9.3%	1.11%	-3.7%
TTD	New	THE TRADE DESK, INC.	$3,907,500	–	50,000	–	1.08%	–
AMAT	Sell	APPLIED MATERIALS INC	$3,757,810	-11.2%	27,142	-7.3%	1.03%	-9.1%
ADI	Sell	ANALOG DEVICES INC	$3,745,350	-22.7%	21,391	-14.0%	1.03%	-21.0%
CI	Sell	CIGNA CORP	$3,675,141	-4.4%	12,847	-6.2%	1.01%	-2.2%
KMB	Sell	KIMBERLY-CLARK CORP	$3,624,654	-17.0%	29,993	-5.2%	1.00%	-15.1%
DIS	Sell	THE WALT DISNEY CO	$3,613,128	-15.3%	44,579	-6.7%	0.99%	-13.4%
IBM	Sell	INTL BUSINESS MACHINES	$3,429,634	+2.7%	24,445	-2.0%	0.94%	+5.1%
CMCSA	Sell	COMCAST CORP CL A	$3,209,241	-0.1%	72,378	-6.4%	0.88%	+2.1%
GNRC	New	GENERAC HOLDINGS INC	$3,069,948	–	28,175	–	0.84%	–
ARCC	Sell	ARES CAPITAL CORP	$3,053,539	-4.5%	156,833	-7.9%	0.84%	-2.4%
V	Sell	VISA INC-CLASS A	$2,968,509	-5.6%	12,906	-2.6%	0.82%	-3.4%
TEL	Sell	TE CONNECTIVITY LTD F	$2,959,161	-20.9%	23,955	-10.2%	0.81%	-19.1%
SPY	Sell	S P D R S&P 500	$2,916,269	-3.7%	6,822	-0.2%	0.80%	-1.6%
DOW	Sell	DOW INC	$2,831,624	-8.7%	54,919	-5.7%	0.78%	-6.6%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,646,914	-17.1%	45,605	-8.6%	0.73%	-15.3%
NVS	Sell	NOVARTIS A G SPON ADR	$2,627,275	-10.1%	25,793	-10.9%	0.72%	-8.0%
MRK	Sell	MERCK & CO INC NEW	$2,580,339	-18.3%	25,064	-8.5%	0.71%	-16.5%
SU	Sell	SUNCOR ENERGY INC NEW F	$2,545,426	+9.8%	74,038	-6.3%	0.70%	+12.2%
RTX	Sell	RTX CORP	$2,396,889	-29.1%	33,304	-3.5%	0.66%	-27.5%
IP	Sell	INTERNATIONAL PAPER	$2,382,023	-0.3%	67,156	-10.6%	0.66%	+1.9%
AAPL	Sell	APPLE INC	$2,235,489	-12.8%	13,057	-1.2%	0.62%	-10.9%
SNA	Sell	SNAP ON INC	$2,215,451	-20.8%	8,686	-10.6%	0.61%	-19.0%
VZ	Sell	VERIZON COMMUNICATIONS	$2,130,407	-18.6%	65,733	-6.5%	0.59%	-16.8%
ABT	Sell	ABBOTT LABORATORIES	$2,055,932	-21.6%	21,228	-11.7%	0.57%	-19.7%
BK	Sell	BANK OF NY MELLON CP NEW	$2,034,405	-5.5%	47,700	-1.4%	0.56%	-3.3%
DVN	Sell	DEVON ENERGY CP NEW	$2,029,158	-9.2%	42,540	-8.0%	0.56%	-7.2%
NEE	New	NEXTERA ENERGY INC	$1,967,396	–	34,341	–	0.54%	–
MDT	Sell	MEDTRONIC PLC	$1,961,978	-21.4%	25,038	-11.6%	0.54%	-19.6%
LEG	Buy	LEGGETT & PLATT INC	$1,902,345	+23.2%	74,866	+43.6%	0.52%	+25.7%
XOM	Sell	EXXON MOBIL CORP	$1,886,101	+4.7%	16,041	-4.5%	0.52%	+7.0%
MHO	Sell	M/I HOMES INC	$1,849,300	-3.9%	22,005	-0.3%	0.51%	-1.7%
NVDA	Sell	NVIDIA CORP	$1,835,658	+2.2%	4,220	-0.7%	0.50%	+4.3%
USB	Sell	U S BANCORP DEL NEW	$1,783,785	-2.4%	53,956	-2.5%	0.49%	-0.2%
EFA	Sell	ISHARES MSCI EAFE ETF	$1,711,421	-6.1%	24,832	-1.2%	0.47%	-3.9%
T	Sell	A T & T INC NEW	$1,683,802	-16.8%	112,104	-11.6%	0.46%	-14.9%
ITT	Sell	ITT INC	$1,681,115	-8.5%	17,170	-12.9%	0.46%	-6.3%
GILD	Sell	GILEAD SCIENCES INC	$1,545,413	-3.6%	20,622	-0.8%	0.42%	-1.4%
LCII	Sell	LCI INDUSTRIES	$1,536,323	-7.7%	13,084	-0.7%	0.42%	-5.6%
TJX	Buy	TJX COMPANIES	$1,523,936	+19.7%	17,146	+14.2%	0.42%	+22.2%
AMCR	Sell	AMCOR PLC	$1,495,223	-18.6%	163,234	-11.4%	0.41%	-16.8%
AME	New	AMETEK INC	$1,462,824	–	9,900	–	0.40%	–
COP	Sell	CONOCOPHILLIPS	$1,361,048	-10.6%	11,361	-22.6%	0.37%	-8.6%
QCOM	Buy	QUALCOMM INC	$1,318,504	-0.7%	11,872	+6.5%	0.36%	+1.7%
SPB	Sell	SPECTRUM BRANDS HOLDINGS INC	$1,222,808	+0.3%	15,607	-0.0%	0.34%	+2.4%
LSTR	Sell	LANDSTAR SYSTEM INC	$1,112,953	-20.6%	6,290	-13.6%	0.31%	-18.8%
MET	Sell	METLIFE INC	$1,113,822	-9.6%	17,705	-18.8%	0.31%	-7.6%
	Buy	COHERENT INC	$1,107,051	-35.7%	33,917	+0.4%	0.30%	-34.1%
TRV	Sell	TRAVELERS COMPANIES INC	$1,019,708	-7.0%	6,244	-1.1%	0.28%	-4.7%
SLB	Sell	SCHLUMBERGER LTD	$1,016,519	-3.9%	17,436	-19.0%	0.28%	-1.8%
GNTX	Sell	GENTEX CORP	$988,891	-3.4%	30,390	-13.1%	0.27%	-1.1%
	New	CRANE HOLDINGS CO	$989,589	–	11,139	–	0.27%	–
PXD	Sell	PIONEER NATURAL RES CO	$967,783	+7.6%	4,216	-2.9%	0.27%	+9.9%
BAX	Sell	BAXTER INTERNATIONAL	$951,010	-36.1%	25,199	-22.8%	0.26%	-34.5%
MCD	New	MCDONALDS CORP	$927,309	–	3,520	–	0.26%	–
JPM	Sell	JPMORGAN CHASE & CO	$905,505	-18.1%	6,244	-17.9%	0.25%	-16.4%
EOG	Buy	E O G RESOURCES INC	$833,701	+12.9%	6,577	+1.9%	0.23%	+15.1%
TMHC	Sell	TAYLOR MORRISON HOME CORP	$777,462	-15.2%	18,246	-2.9%	0.21%	-13.4%
BAC	Sell	BANK OF AMERICA CORP	$771,897	-11.4%	28,192	-7.2%	0.21%	-9.4%
AGX	Sell	ARGAN INC	$767,922	+14.1%	16,870	-1.2%	0.21%	+16.6%
ADS	Buy	BREAD FINANCIAL HOLDINGS INC	$762,728	+98.8%	22,302	+82.5%	0.21%	+103.9%
JEF	Buy	JEFFERIES FINANCIAL GROUP INC	$759,963	+47.0%	20,747	+33.1%	0.21%	+50.4%
MLR	Sell	MILLER INDS INC TENN COM NEW	$701,271	+9.1%	17,885	-1.3%	0.19%	+11.6%
IWN	Sell	ISHARES RUSSELL 2000 VALUE	$698,760	-3.8%	5,155	-0.1%	0.19%	-1.5%
CRMT	Sell	AMERICAS CAR-MART INC	$693,344	-10.0%	7,620	-1.3%	0.19%	-7.7%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$652,929	-19.6%	11,165	-2.2%	0.18%	-17.4%
CAG	Sell	CONAGRA FOODS INC	$644,041	-35.1%	23,488	-20.2%	0.18%	-33.7%
MOD	Sell	MODINE MANUFACTURING CO	$645,075	+34.0%	14,100	-3.3%	0.18%	+37.2%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$634,604	-30.4%	5,655	-9.7%	0.18%	-28.6%
	Sell	CRANE NXT CO	$613,437	-39.3%	11,039	-2.6%	0.17%	-37.9%
IWS	Sell	iSHARES RUSSELL MIDCAP VALUE	$595,677	-5.2%	5,709	-0.2%	0.16%	-3.0%
TIP	Buy	ISHARES TR BARCLAYS TIPS BOND	$580,002	-3.6%	5,592	+0.1%	0.16%	-1.2%
KO	Buy	COCA COLA COMPANY	$571,220	-6.7%	10,204	+0.4%	0.16%	-4.8%
BXP	Sell	BOSTON PROPERTIES INC	$557,863	-23.2%	9,379	-25.6%	0.15%	-21.5%
NCR	Sell	NCR CORP NEW	$545,468	+6.4%	20,225	-0.6%	0.15%	+8.7%
ASIX	Sell	ADVANSIX INC	$545,454	-11.8%	17,550	-0.7%	0.15%	-9.6%
RSP	Buy	INVESCO S&P EQUAL WEIGHT	$541,681	-5.0%	3,823	+0.3%	0.15%	-2.6%
SCHP	Buy	SCH US TIPS ETF	$501,921	-3.4%	9,941	+0.4%	0.14%	-1.4%
THC	Buy	TENET HEALTHCARE CORP	$493,187	+24.1%	7,485	+53.2%	0.14%	+27.1%
STAG	Sell	STAG INDUSTRIAL INC	$491,077	-5.0%	14,230	-1.2%	0.14%	-2.9%
SMP	Sell	STANDARD MOTOR PRODUCTS INC	$490,348	-11.5%	14,585	-1.3%	0.14%	-9.4%
SAFT	Sell	SAFETY INSURANCE GROUP INC	$470,647	-5.9%	6,902	-1.1%	0.13%	-4.4%
GM	Sell	GENERAL MOTORS CO.	$465,372	-21.7%	14,115	-8.4%	0.13%	-20.0%
OMF	Sell	ONEMAIN HOLDINGS, INC	$454,500	-9.1%	11,337	-1.0%	0.12%	-7.4%
AQN	Sell	ALGONQUIN POWER & UTILITIES	$449,062	-33.6%	75,855	-7.3%	0.12%	-31.9%
FHI	Sell	FEDERATED HERMES INC	$450,539	-6.3%	13,302	-0.9%	0.12%	-3.9%
HON	Buy	HONEYWELL INTERNATIONAL	$434,508	+4.4%	2,352	+17.2%	0.12%	+7.1%
MKSI	Sell	MKS INSTRUMENTS INC	$437,892	-20.8%	5,060	-1.1%	0.12%	-19.5%
AGG	Buy	iSHARES BARCLAYS AGGREGATE BON	$424,026	-3.9%	4,509	+0.1%	0.12%	-1.7%
	Sell	SHELL PLC	$401,087	-1.5%	6,230	-7.7%	0.11%	0.0%
LANC	New	LANCASTER COLONY CORP	$388,151	–	2,352	–	0.11%	–
DY	New	DYCOM INDUSTRIES	$389,375	–	4,375	–	0.11%	–
CRM	Buy	SALESFORCE.COM	$389,338	+2.4%	1,920	+6.7%	0.11%	+4.9%
NGVT	Buy	INGEVITY CORPORATION	$387,545	-13.6%	8,140	+5.5%	0.11%	-11.6%
DLX	Sell	DELUXE CORPORATION	$373,078	+0.8%	19,750	-6.7%	0.10%	+3.0%
ACU	Sell	ACME UNITED CORP	$363,911	+17.0%	12,175	-2.4%	0.10%	+19.0%
NOMD	Sell	NOMAD FOODS LTD	$337,047	-32.4%	22,145	-22.2%	0.09%	-30.6%
MRNA	New	MODERNA INC	$333,110	–	3,225	–	0.09%	–
CNI	New	CANADIAN NATL RAILWAY CO	$311,990	–	2,880	–	0.09%	–
AMG	Sell	AFFILIATED MANAGERS GROUP	$303,562	-14.7%	2,329	-1.9%	0.08%	-12.5%
HELE	Sell	HELEN OF TROY LTD	$304,222	+6.5%	2,610	-1.3%	0.08%	+9.1%
SCHB	Buy	SCHWAB US BROAD MARKET ETF	$297,904	-0.2%	5,976	+3.5%	0.08%	+2.5%
CLX	Sell	CLOROX COMPANY	$294,885	-18.7%	2,250	-1.3%	0.08%	-17.3%
BHLB	Sell	BERKSHIRE HILLS BANCORP INC	$276,590	-4.6%	13,795	-1.3%	0.08%	-2.6%
APOG	Sell	APOGEE ENTERPRISES	$274,241	-2.3%	5,825	-1.5%	0.08%	-1.3%
HI	Sell	HILLENBRAND INC	$267,822	-20.6%	6,330	-3.8%	0.07%	-18.7%
	Sell	OTTER TAIL POWER	$258,128	-11.6%	3,400	-8.1%	0.07%	-10.1%
SFM	Sell	SPROUTS FARMERS MARKET, INC	$255,944	+13.2%	5,980	-2.8%	0.07%	+14.8%
FITB	Sell	FIFTH THIRD BANCORP	$247,221	-37.6%	9,760	-35.4%	0.07%	-36.4%
FNF	Sell	FIDELITY NATIONAL FINL-A	$238,466	-40.2%	5,774	-47.9%	0.07%	-38.3%
GSPRA	Sell	GOLDMAN SACHS GROUP INC PRFD	$228,514	-21.9%	10,340	-27.9%	0.06%	-20.3%
PK	Sell	PARK HOTELS & RESORTS INC	$223,448	-24.1%	18,137	-21.1%	0.06%	-22.8%
CRI	Sell	CARTERS INC	$215,748	-5.5%	3,120	-0.8%	0.06%	-3.3%
	Sell	WARNER BROS DISCOVERY INC	$214,279	-15.9%	19,731	-2.9%	0.06%	-14.5%
VIAC	Sell	PARAMOUNT GLOBAL	$202,659	-62.2%	15,710	-53.4%	0.06%	-61.1%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$204,980	-26.9%	22,550	-1.3%	0.06%	-26.3%
KMI	Sell	KINDER MORGAN INC	$193,853	-4.7%	11,692	-1.0%	0.05%	-3.6%
	Sell	JP MORGAN CHASE PFRD	$187,154	-32.8%	10,340	-27.9%	0.05%	-32.0%
	Exit	PURE TECH HEALTH PLC	$0	–	-40,000	–	-0.03%	–
PNR	Exit	PENTAIR PLC	$0	–	-3,160	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,263	–	-0.06%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-1,625	–	-0.06%	–
FBHS	Exit	FORTUNE BRANDS INNOVATIONS	$0	–	-3,015	–	-0.06%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-5,543	–	-0.06%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-8,435	–	-0.08%	–
AKAM	Exit	AKAMAI TECHNOLOGIES	$0	–	-4,675	–	-0.11%	–
SM	Exit	SM ENERGY COMPANY	$0	–	-15,675	–	-0.13%	–
	Exit	CRANE CXT, CO.	$0	–	-11,139	–	-0.17%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-160,533	–	-0.40%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$17,109,070	–	50,241	–	4.60%	–
GOOG	New	ALPHABET INC-CL C	$12,118,291	–	100,176	–	3.26%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$10,332,560	–	82,037	–	2.78%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$9,589,602	–	28,122	–	2.58%	–
LKQ	New	LKQ CORP	$8,581,481	–	147,271	–	2.31%	–
FB	New	META PLATFORMS INC-A	$7,979,192	–	27,804	–	2.15%	–
OMC	New	OMNICOM GROUP INC	$7,530,361	–	79,142	–	2.03%	–
AFL	New	A F L A C INC	$7,430,489	–	106,454	–	2.00%	–
AXP	New	AMERICAN EXPRESS CO	$7,230,171	–	41,505	–	1.94%	–
FDX	New	FEDEX CORPORATION	$7,226,037	–	29,149	–	1.94%	–
LOW	New	LOWE'S COS INC	$7,162,590	–	31,735	–	1.93%	–
ALL	New	ALLSTATE CORP	$6,935,925	–	63,609	–	1.87%	–
GPC	New	GENUINE PARTS CO	$6,819,969	–	40,300	–	1.84%	–
JNJ	New	JOHNSON & JOHNSON	$6,723,257	–	40,619	–	1.81%	–
GS	New	GOLDMAN SACHS GROUP INC	$6,710,122	–	20,804	–	1.80%	–
BA	New	BOEING CO	$6,640,137	–	31,446	–	1.79%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,181,030	–	12,860	–	1.66%	–
DAL	New	DELTA AIRLINES INC	$6,108,367	–	128,489	–	1.64%	–
ABBV	New	ABBVIE INC	$6,036,173	–	44,802	–	1.62%	–
CVS	New	CVS INC	$5,902,250	–	85,379	–	1.59%	–
PFE	New	PFIZER INCORPORATED	$5,731,321	–	156,252	–	1.54%	–
C	New	CITIGROUP INC	$5,463,935	–	118,678	–	1.47%	–
GPI	New	GROUP 1 AUTOMOTIVE	$4,886,091	–	18,931	–	1.32%	–
ADI	New	ANALOG DEVICES INC	$4,843,171	–	24,861	–	1.30%	–
INTC	New	INTEL CORP	$4,478,184	–	133,917	–	1.20%	–
KMB	New	KIMBERLY-CLARK CORP	$4,366,976	–	31,631	–	1.18%	–
CSCO	New	CISCO SYSTEMS INC	$4,269,947	–	82,527	–	1.15%	–
DIS	New	THE WALT DISNEY CO	$4,267,495	–	47,799	–	1.15%	–
AMAT	New	APPLIED MATERIALS INC	$4,230,252	–	29,267	–	1.14%	–
CI	New	CIGNA CORP	$3,844,220	–	13,700	–	1.03%	–
TEL	New	TE CONNECTIVITY LTD F	$3,740,170	–	26,685	–	1.01%	–
RTX	New	RAYTHEON TECHNOLOGIES	$3,379,424	–	34,498	–	0.91%	–
IBM	New	INTL BUSINESS MACHINES	$3,338,158	–	24,947	–	0.90%	–
CMCSA	New	COMCAST CORP CL A	$3,213,809	–	77,348	–	0.86%	–
ARCC	New	ARES CAPITAL CORP	$3,198,208	–	170,208	–	0.86%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,192,512	–	49,922	–	0.86%	–
MRK	New	MERCK & CO INC NEW	$3,159,955	–	27,385	–	0.85%	–
V	New	VISA INC-CLASS A	$3,145,660	–	13,246	–	0.85%	–
DOW	New	DOW INC	$3,100,211	–	58,209	–	0.83%	–
SPY	New	S P D R S&P 500	$3,028,932	–	6,833	–	0.82%	–
NVS	New	NOVARTIS A G SPON ADR	$2,921,143	–	28,948	–	0.79%	–
SNA	New	SNAP ON INC	$2,798,901	–	9,712	–	0.75%	–
ABT	New	ABBOTT LABORATORIES	$2,621,931	–	24,050	–	0.70%	–
VZ	New	VERIZON COMMUNICATIONS	$2,615,759	–	70,335	–	0.70%	–
AAPL	New	APPLE INC	$2,563,701	–	13,217	–	0.69%	–
MDT	New	MEDTRONIC PLC	$2,496,578	–	28,338	–	0.67%	–
IP	New	INTERNATIONAL PAPER	$2,390,076	–	75,136	–	0.64%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,317,687	–	79,048	–	0.62%	–
AMZN	New	AMAZON.COM INC	$2,266,700	–	17,388	–	0.61%	–
DVN	New	DEVON ENERGY CP NEW	$2,235,242	–	46,240	–	0.60%	–
BK	New	BANK OF NY MELLON CP NEW	$2,152,987	–	48,360	–	0.58%	–
T	New	A T & T INC NEW	$2,023,242	–	126,849	–	0.54%	–
AVT	New	AVNET INC	$1,930,974	–	38,275	–	0.52%	–
MHO	New	M/I HOMES INC	$1,924,283	–	22,070	–	0.52%	–
ITT	New	ITT INC	$1,836,703	–	19,705	–	0.49%	–
AMCR	New	AMCOR PLC	$1,837,757	–	184,144	–	0.49%	–
USB	New	U S BANCORP DEL NEW	$1,827,641	–	55,316	–	0.49%	–
EFA	New	ISHARES MSCI EAFE ETF	$1,822,940	–	25,144	–	0.49%	–
XOM	New	EXXON MOBIL CORP	$1,800,835	–	16,791	–	0.48%	–
NVDA	New	NVIDIA CORP	$1,796,989	–	4,248	–	0.48%	–
	New	COHERENT INC	$1,721,951	–	33,777	–	0.46%	–
LCII	New	LCI INDUSTRIES	$1,664,667	–	13,174	–	0.45%	–
GILD	New	GILEAD SCIENCES INC	$1,602,825	–	20,797	–	0.43%	–
IRM	New	IRON MOUNTAIN INC	$1,563,971	–	27,525	–	0.42%	–
LEG	New	LEGGETT & PLATT INC	$1,544,268	–	52,136	–	0.42%	–
COP	New	CONOCOPHILLIPS	$1,521,616	–	14,686	–	0.41%	–
BAX	New	BAXTER INTERNATIONAL	$1,487,716	–	32,654	–	0.40%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$1,486,536	–	160,533	–	0.40%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,401,691	–	7,280	–	0.38%	–
PG	New	PROCTER & GAMBLE	$1,357,770	–	8,948	–	0.36%	–
QCOM	New	QUALCOMM INC	$1,327,296	–	11,150	–	0.36%	–
ORCL	New	ORACLE CORPORATION	$1,314,754	–	11,040	–	0.35%	–
TJX	New	TJX COMPANIES	$1,272,952	–	15,013	–	0.34%	–
AON	New	AON PLC	$1,245,136	–	3,607	–	0.34%	–
CAH	New	CARDINAL HEALTH	$1,228,464	–	12,990	–	0.33%	–
MET	New	METLIFE INC	$1,231,902	–	21,792	–	0.33%	–
MSI	New	MOTOROLA SOLUTIONS INC	$1,217,992	–	4,153	–	0.33%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC	$1,218,595	–	15,613	–	0.33%	–
DHI	New	DR HORTON INC	$1,216,900	–	10,000	–	0.33%	–
UFPI	New	UFP INDUSTRIES, INC	$1,185,466	–	12,215	–	0.32%	–
WHR	New	WHIRLPOOL CORP	$1,156,098	–	7,770	–	0.31%	–
VRTX	New	VERTEX PHARMACEUTICALS	$1,126,112	–	3,200	–	0.30%	–
JPM	New	JPMORGAN CHASE & CO	$1,105,926	–	7,604	–	0.30%	–
TRV	New	TRAVELERS COMPANIES INC	$1,095,968	–	6,311	–	0.30%	–
GIS	New	GENERAL MILLS INC	$1,085,305	–	14,150	–	0.29%	–
SLB	New	SCHLUMBERGER LTD	$1,057,848	–	21,536	–	0.28%	–
PGR	New	PROGRESSIVE CORP	$1,033,677	–	7,809	–	0.28%	–
GNTX	New	GENTEX CORP	$1,023,807	–	34,990	–	0.28%	–
	New	CRANE HOLDINGS CO	$1,010,532	–	11,339	–	0.27%	–
JCI	New	JOHNSON CONTROLS INC	$1,001,931	–	14,704	–	0.27%	–
CAG	New	CONAGRA FOODS INC	$992,649	–	29,438	–	0.27%	–
NYCB	New	NEW YORK COMMUNITY BANCORP	$979,397	–	87,135	–	0.26%	–
TMHC	New	TAYLOR MORRISON HOME CORP	$916,583	–	18,794	–	0.25%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$912,184	–	6,265	–	0.24%	–
PXD	New	PIONEER NATURAL RES CO	$899,368	–	4,341	–	0.24%	–
MAN	New	MANPOWERGROUP INC	$880,943	–	11,095	–	0.24%	–
BAC	New	BANK OF AMERICA CORP	$871,344	–	30,371	–	0.23%	–
LLY	New	ELI LILLY & CO	$858,233	–	1,830	–	0.23%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$811,949	–	11,415	–	0.22%	–
UFPT	New	UFP TECHNOLOGIES INC	$795,754	–	4,105	–	0.21%	–
CRMT	New	AMERICAS CAR-MART INC	$770,302	–	7,720	–	0.21%	–
LEN	New	LENNAR CORP-A	$764,391	–	6,100	–	0.21%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$743,296	–	3,080	–	0.20%	–
EOG	New	E O G RESOURCES INC	$738,710	–	6,455	–	0.20%	–
BXP	New	BOSTON PROPERTIES INC	$726,440	–	12,614	–	0.20%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$726,528	–	5,160	–	0.20%	–
AQN	New	ALGONQUIN POWER & UTILITIES	$676,040	–	81,845	–	0.18%	–
AGX	New	ARGAN INC	$672,926	–	17,075	–	0.18%	–
PEP	New	PEPSICO INC	$668,644	–	3,610	–	0.18%	–
AINV	New	MIDCAP FINANCIAL INVESTMENT CO	$649,277	–	51,694	–	0.18%	–
MLR	New	MILLER INDS INC TENN COM NEW	$642,894	–	18,125	–	0.17%	–
AIZ	New	ASSURANT INC	$641,172	–	5,100	–	0.17%	–
ED	New	CONSOLIDATED EDISON INC	$632,529	–	6,997	–	0.17%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$628,395	–	5,721	–	0.17%	–
	New	CRANE CXT, CO.	$628,685	–	11,139	–	0.17%	–
ASIX	New	ADVANSIX INC	$618,446	–	17,680	–	0.17%	–
SYK	New	STRYKER CORP	$615,061	–	2,016	–	0.16%	–
KO	New	COCA COLA COMPANY	$612,076	–	10,164	–	0.16%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$601,381	–	5,588	–	0.16%	–
GM	New	GENERAL MOTORS CO.	$594,017	–	15,405	–	0.16%	–
HAYN	New	HAYNES INTERNATIONAL INC	$589,512	–	11,600	–	0.16%	–
RSP	New	INVESCO S&P EQUAL WEIGHT	$570,428	–	3,812	–	0.15%	–
CVX	New	CHEVRON CORPORATION	$569,450	–	3,619	–	0.15%	–
GOOGL	New	ALPHABET INC-CL A	$560,196	–	4,680	–	0.15%	–
MKSI	New	MKS INSTRUMENTS INC	$552,932	–	5,115	–	0.15%	–
SMP	New	STANDARD MOTOR PRODUCTS INC	$554,358	–	14,775	–	0.15%	–
VIAC	New	PARAMOUNT GLOBAL	$536,326	–	33,710	–	0.14%	–
SCHP	New	SCH US TIPS ETF	$519,372	–	9,906	–	0.14%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$517,810	–	1	–	0.14%	–
JEF	New	JEFFERIES FINANCIAL GROUP INC	$516,954	–	15,585	–	0.14%	–
STAG	New	STAG INDUSTRIAL INC	$516,851	–	14,405	–	0.14%	–
NCR	New	NCR CORP NEW	$512,820	–	20,350	–	0.14%	–
BP	New	BP PLC (ADR)	$510,999	–	14,480	–	0.14%	–
OMF	New	ONEMAIN HOLDINGS, INC	$500,119	–	11,447	–	0.14%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$500,390	–	6,977	–	0.14%	–
NOMD	New	NOMAD FOODS LTD	$498,619	–	28,460	–	0.13%	–
SM	New	SM ENERGY COMPANY	$495,800	–	15,675	–	0.13%	–
MOD	New	MODINE MANUFACTURING CO	$481,267	–	14,575	–	0.13%	–
FHI	New	FEDERATED HERMES INC	$480,999	–	13,417	–	0.13%	–
NGVT	New	INGEVITY CORPORATION	$448,704	–	7,715	–	0.12%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$441,265	–	4,505	–	0.12%	–
KN	New	KNOWLES CORP	$437,865	–	24,245	–	0.12%	–
BDX	New	BECTON DICKINSON & CO	$430,336	–	1,630	–	0.12%	–
AKAM	New	AKAMAI TECHNOLOGIES	$420,142	–	4,675	–	0.11%	–
HON	New	HONEYWELL INTERNATIONAL	$416,245	–	2,006	–	0.11%	–
	New	SHELL PLC	$407,384	–	6,747	–	0.11%	–
SCHG	New	SCHWAB US LARGE-CAP GROWTH	$408,478	–	5,450	–	0.11%	–
ASB	New	ASSOCIATED BANC-CORP	$409,158	–	25,210	–	0.11%	–
VXUS	New	VANGUARD TOTAL INTERNATIONAL S	$399,906	–	7,131	–	0.11%	–
THC	New	TENET HEALTHCARE CORP	$397,541	–	4,885	–	0.11%	–
FITB	New	FIFTH THIRD BANCORP	$396,033	–	15,110	–	0.11%	–
FNF	New	FIDELITY NATIONAL FINL-A	$398,664	–	11,074	–	0.11%	–
ADS	New	BREAD FINANCIAL HOLDINGS INC	$383,649	–	12,222	–	0.10%	–
CRM	New	SALESFORCE.COM	$380,268	–	1,800	–	0.10%	–
DLX	New	DELUXE CORPORATION	$369,964	–	21,165	–	0.10%	–
CLX	New	CLOROX COMPANY	$362,611	–	2,280	–	0.10%	–
AMG	New	AFFILIATED MANAGERS GROUP	$355,839	–	2,374	–	0.10%	–
HUN	New	HUNTSMAN CORPORATION	$344,505	–	12,750	–	0.09%	–
BC	New	BRUNSWICK CORP	$347,426	–	4,010	–	0.09%	–
HI	New	HILLENBRAND INC	$337,422	–	6,580	–	0.09%	–
CP	New	CANADIAN PACIFIC KANSAS CITY	$339,234	–	4,200	–	0.09%	–
CLF	New	CLEVELAND-CLIFFS INC	$335,200	–	20,000	–	0.09%	–
ADP	New	AUTOMATIC DATA PROCESSING	$314,080	–	1,429	–	0.08%	–
ACU	New	ACME UNITED CORP	$311,127	–	12,475	–	0.08%	–
SCHB	New	SCHWAB US BROAD MARKET ETF	$298,619	–	5,776	–	0.08%	–
PK	New	PARK HOTELS & RESORTS INC	$294,514	–	22,973	–	0.08%	–
	New	OTTER TAIL POWER	$292,152	–	3,700	–	0.08%	–
GSPRA	New	GOLDMAN SACHS GROUP INC PRFD	$292,679	–	14,340	–	0.08%	–
BHLB	New	BERKSHIRE HILLS BANCORP INC	$289,805	–	13,980	–	0.08%	–
IWV	New	ISHARES RUSSELL 3000 INDEX	$291,380	–	1,145	–	0.08%	–
HELE	New	HELEN OF TROY LTD	$285,713	–	2,645	–	0.08%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$286,790	–	8,435	–	0.08%	–
APOG	New	APOGEE ENTERPRISES	$280,785	–	5,915	–	0.08%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$280,598	–	22,850	–	0.08%	–
	New	JP MORGAN CHASE PFRD	$278,698	–	14,340	–	0.08%	–
MHK	New	MOHAWK INDUSTRIES INC	$273,993	–	2,656	–	0.07%	–
PDCO	New	PATTERSON COS INC	$271,069	–	8,150	–	0.07%	–
DOV	New	DOVER CORPORATION	$257,797	–	1,746	–	0.07%	–
	New	WARNER BROS DISCOVERY INC	$254,687	–	20,310	–	0.07%	–
CAT	New	CATERPILLAR INC	$246,050	–	1,000	–	0.07%	–
NTR	New	NUTRIEN LTD	$245,471	–	4,157	–	0.07%	–
MO	New	ALTRIA GROUP INC	$243,170	–	5,368	–	0.06%	–
AVGO	New	BROADCOM INC	$233,339	–	269	–	0.06%	–
SFM	New	SPROUTS FARMERS MARKET, INC	$226,073	–	6,155	–	0.06%	–
CRI	New	CARTERS INC	$228,327	–	3,145	–	0.06%	–
PAYX	New	PAYCHEX INC	$223,740	–	2,000	–	0.06%	–
AMGN	New	AMGEN INCORPORATED	$220,910	–	995	–	0.06%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$219,281	–	5,543	–	0.06%	–
FBHS	New	FORTUNE BRANDS INNOVATIONS	$216,929	–	3,015	–	0.06%	–
PKG	New	PACKAGING CORP OF AMERICA	$214,760	–	1,625	–	0.06%	–
PNR	New	PENTAIR PLC	$204,136	–	3,160	–	0.06%	–
DUK	New	DUKE ENERGY CORP NEW	$203,082	–	2,263	–	0.06%	–
KMI	New	KINDER MORGAN INC	$203,368	–	11,810	–	0.06%	–
SBRA	New	SABRA HEALTH CARE REIT	$129,764	–	11,025	–	0.04%	–
RQI	New	COHEN & STEERS QUAL INC RLTY	$122,960	–	10,600	–	0.03%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$114,119	–	19,375	–	0.03%	–
	New	PURE TECH HEALTH PLC	$110,607	–	40,000	–	0.03%	–
ZEV	New	LIGHTNING EMOTORS, INC	$41,994	–	11,665	–	0.01%	–
	New	NASCENT BIOTECH, INC	$5,240	–	105,000	–	0.00%	–
NYMX	New	NYMOX PHARMACEUTICAL CORP	$1,900	–	10,000	–	0.00%	–
ICNB	New	ICONIC BRANDS INC	$335	–	18,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
ICNB	Exit	ICONIC BRANDS INC	$0	–	-18,000	–	-0.00%	–
NYMX	Exit	NYMOX PHARMACEUTICAL CORP	$0	–	-14,000	–	-0.00%	–
FREQ	Exit	FREQUENCY THERAPEUTICS, INC	$0	–	-11,000	–	-0.01%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-19,375	–	-0.03%	–
ATRO	Exit	ASTRONICS CORP	$0	–	-15,120	–	-0.04%	–
RQI	Exit	COHEN & STEERS QUAL INC RLTY	$0	–	-10,600	–	-0.04%	–
SBRA	Exit	SABRA HEALTH CARE REIT	$0	–	-10,360	–	-0.04%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-10,995	–	-0.05%	–
UEIC	Exit	UNIVERSAL ELECTRONICS INC	$0	–	-10,140	–	-0.06%	–
HSII	Exit	HEIDRICK & STRUGGLES INC	$0	–	-7,770	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,200	–	-0.06%	–
DOV	Exit	DOVER CORPORATION	$0	–	-1,746	–	-0.06%	–
BAM	Exit	BROOKFIELD ASSET MANAGEMENT IN	$0	–	-5,400	–	-0.07%	–
PAYX	Exit	PAYCHEX INC	$0	–	-2,000	–	-0.07%	–
CLF	Exit	CLEVELAND-CLIFFS INC	$0	–	-17,000	–	-0.07%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-1,010	–	-0.07%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-18,035	–	-0.07%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEX	$0	–	-1,145	–	-0.07%	–
SCHB	Exit	SCHWAB US BROAD MARKET ETF	$0	–	-5,747	–	-0.07%	–
CRI	Exit	CARTERS INC	$0	–	-3,745	–	-0.07%	–
	Exit	OTTER TAIL POWER	$0	–	-4,200	–	-0.08%	–
	Exit	JP MORGAN CHASE PFRD	$0	–	-14,340	–	-0.08%	–
CRM	Exit	SALESFORCE.COM	$0	–	-1,800	–	-0.08%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-2,885	–	-0.08%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-100,000	–	-0.08%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-5,410	–	-0.08%	–
CP	Exit	CANADIAN PACIFIC RAILWAY LTD	$0	–	-4,307	–	-0.08%	–
GSPRA	Exit	GOLDMAN SACHS GROUP INC PRFD	$0	–	-14,340	–	-0.08%	–
HI	Exit	HILLENBRAND INC	$0	–	-7,780	–	-0.08%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-10,180	–	-0.09%	–
SCHG	Exit	SCHWAB US LARGE-CAP GROWTH	$0	–	-5,450	–	-0.09%	–
CLX	Exit	CLOROX COMPANY	$0	–	-2,380	–	-0.09%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,407	–	-0.10%	–
VXUS	Exit	VANGUARD TOTAL INTERNATIONAL S	$0	–	-7,131	–	-0.10%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-1,976	–	-0.10%	–
ACU	Exit	ACME UNITED CORP	$0	–	-14,425	–	-0.10%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,441	–	-0.10%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-3,498	–	-0.10%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-4,202	–	-0.10%	–
NTR	Exit	NUTRIEN LTD	$0	–	-4,157	–	-0.10%	–
	Exit	SHELL PLC	$0	–	-6,997	–	-0.10%	–
APOG	Exit	APOGEE ENTERPRISES	$0	–	-9,340	–	-0.11%	–
AKAM	Exit	AKAMAI TECHNOLOGIES	$0	–	-4,450	–	-0.11%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,630	–	-0.11%	–
ZEV	Exit	LIGHTNING EMOTORS, INC	$0	–	-233,303	–	-0.11%	–
SCHP	Exit	SCH US TIPS ETF	$0	–	-7,071	–	-0.11%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-4,015	–	-0.11%	–
RSP	Exit	INVESCO S&P EQUAL WEIGHT	$0	–	-2,868	–	-0.11%	–
PK	Exit	PARK HOTELS & RESORTS INC	$0	–	-34,634	–	-0.12%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-24,040	–	-0.12%	–
HUN	Exit	HUNTSMAN CORPORATION	$0	–	-16,275	–	-0.12%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.12%	–
MED	Exit	MEDIFAST INC	$0	–	-3,825	–	-0.12%	–
NCR	Exit	NCR CORP NEW	$0	–	-22,070	–	-0.12%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-36,680	–	-0.13%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-11,065	–	-0.13%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-3,834	–	-0.13%	–
ADS	Exit	BREAD FINANCIAL HOLDINGS INC	$0	–	-13,837	–	-0.13%	–
KN	Exit	KNOWLES CORP	$0	–	-35,845	–	-0.13%	–
BHLB	Exit	BERKSHIRE HILLS BANCORP INC	$0	–	-16,305	–	-0.13%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-4,680	–	-0.13%	–
LEN	Exit	LENNAR CORP-A	$0	–	-6,100	–	-0.14%	–
BP	Exit	BP PLC (ADR)	$0	–	-16,077	–	-0.14%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-15,110	–	-0.14%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-3,402	–	-0.15%	–
PVAC	Exit	RANGER OIL CORP	$0	–	-16,250	–	-0.15%	–
SYK	Exit	STRYKER CORP	$0	–	-2,516	–	-0.15%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-37,105	–	-0.16%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-24,785	–	-0.16%	–
TMHC	Exit	TAYLOR MORRISON HOME CORP	$0	–	-22,914	–	-0.16%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,646	–	-0.16%	–
OMF	Exit	ONEMAIN HOLDINGS, INC	$0	–	-18,330	–	-0.16%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-6,395	–	-0.16%	–
KO	Exit	COCA COLA COMPANY	$0	–	-10,114	–	-0.17%	–
FHI	Exit	FEDERATED HERMES INC	$0	–	-17,185	–	-0.17%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-6,960	–	-0.17%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-31,240	–	-0.17%	–
LLY	Exit	ELI LILLY & CO	$0	–	-1,795	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-3,561	–	-0.17%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-5,589	–	-0.17%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,925	–	-0.18%	–
KGC	Exit	KINROSS GOLD CORP NEW	$0	–	-159,870	–	-0.18%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-10,105	–	-0.18%	–
AQN	Exit	ALGONQUIN POWER & UTILITIES	$0	–	-56,545	–	-0.18%	–
NVDA	Exit	NVIDIA CORP	$0	–	-5,090	–	-0.18%	–
CRMT	Exit	AMERICAS CAR-MART INC	$0	–	-10,410	–	-0.19%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-5,160	–	-0.20%	–
AGX	Exit	ARGAN INC	$0	–	-20,915	–	-0.20%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-33,435	–	-0.20%	–
FNF	Exit	FIDELITY NATIONAL FINL-A	$0	–	-18,665	–	-0.20%	–
JEF	Exit	JEFFERIES FINANCIAL GROUP INC	$0	–	-23,590	–	-0.21%	–
EOG	Exit	E O G RESOURCES INC	$0	–	-6,400	–	-0.21%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-14,704	–	-0.22%	–
GM	Exit	GENERAL MOTORS CO.	$0	–	-22,490	–	-0.22%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-11,865	–	-0.22%	–
AIZ	Exit	ASSURANT INC	$0	–	-5,100	–	-0.22%	–
DHI	Exit	DR HORTON INC	$0	–	-11,000	–	-0.22%	–
GNTX	Exit	GENTEX CORP	$0	–	-31,250	–	-0.22%	–
VIAC	Exit	PARAMOUNT GLOBAL	$0	–	-39,580	–	-0.22%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-7,260	–	-0.23%	–
ASIX	Exit	ADVANSIX INC	$0	–	-24,155	–	-0.23%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-22,050	–	-0.24%	–
AINV	Exit	MIDCAP FINANCIAL INVESTMENT CO	$0	–	-79,564	–	-0.24%	–
MHO	Exit	M/I HOMES INC	$0	–	-23,665	–	-0.26%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-4,205	–	-0.26%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-13,345	–	-0.26%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-8,290	–	-0.26%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-28,793	–	-0.26%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP	$0	–	-104,725	–	-0.27%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-7,809	–	-0.27%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,200	–	-0.28%	–
TJX	Exit	TJX COMPANIES	$0	–	-14,960	–	-0.28%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-4,153	–	-0.28%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-13,990	–	-0.28%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-6,396	–	-0.29%	–
SMP	Exit	STANDARD MOTOR PRODUCTS INC	$0	–	-30,285	–	-0.29%	–
PXD	Exit	PIONEER NATURAL RES CO	$0	–	-4,676	–	-0.30%	–
AON	Exit	AON PLC	$0	–	-3,837	–	-0.31%	–
UFPI	Exit	UFP INDUSTRIES, INC	$0	–	-14,605	–	-0.31%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-14,150	–	-0.32%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-9,240	–	-0.35%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-35,863	–	-0.35%	–
SPB	Exit	SPECTRUM BRANDS HOLDINGS INC	$0	–	-29,920	–	-0.35%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-17,115	–	-0.35%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-27,705	–	-0.36%	–
	Exit	COHERENT INC	$0	–	-35,922	–	-0.37%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-8,830	–	-0.38%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-20,811	–	-0.38%	–
	Exit	CRANE HOLDINGS CO	$0	–	-14,879	–	-0.39%	–
AVT	Exit	AVNET INC	$0	–	-39,775	–	-0.43%	–
LEG	Exit	LEGGETT & PLATT INC	$0	–	-44,512	–	-0.44%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-26,513	–	-0.44%	–
LCII	Exit	LCI INDUSTRIES	$0	–	-15,052	–	-0.45%	–
MET	Exit	METLIFE INC	$0	–	-27,204	–	-0.49%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,150	–	-0.50%	–
ITT	Exit	ITT INC	$0	–	-25,698	–	-0.50%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-17,484	–	-0.53%	–
AAPL	Exit	APPLE INC	$0	–	-13,131	–	-0.54%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-17,210	–	-0.58%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-36,396	–	-0.58%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-54,615	–	-0.63%	–
T	Exit	A T & T INC NEW	$0	–	-138,165	–	-0.63%	–
AMCR	Exit	AMCOR PLC	$0	–	-208,531	–	-0.67%	–
V	Exit	VISA INC-CLASS A	$0	–	-12,619	–	-0.67%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-195,036	–	-0.69%	–
SNA	Exit	SNAP ON INC	$0	–	-11,647	–	-0.70%	–
USB	Exit	U S BANCORP DEL NEW	$0	–	-58,235	–	-0.70%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-85,280	–	-0.72%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-30,417	–	-0.73%	–
SPY	Exit	S P D R S&P 500	$0	–	-6,953	–	-0.74%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-85,930	–	-0.75%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-33,793	–	-0.76%	–
DOW	Exit	DOW INC	$0	–	-58,550	–	-0.77%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-26,944	–	-0.78%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-32,042	–	-0.78%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-30,507	–	-0.78%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-86,719	–	-0.82%	–
MMM	Exit	3M COMPANY	$0	–	-25,974	–	-0.85%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-79,954	–	-0.90%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-21,519	–	-0.92%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-37,951	–	-0.92%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-188,925	–	-0.95%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-27,382	–	-0.97%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-29,957	–	-0.98%	–
INTC	Exit	INTEL CORP	$0	–	-134,634	–	-1.03%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-89,566	–	-1.07%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-131,826	–	-1.10%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-33,338	–	-1.12%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-52,912	–	-1.12%	–
CI	Exit	CIGNA CORP	$0	–	-13,757	–	-1.14%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-27,433	–	-1.14%	–
FB	Exit	META PLATFORMS INC-A	$0	–	-29,338	–	-1.18%	–
BA	Exit	BOEING CO	$0	–	-33,443	–	-1.20%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-114,070	–	-1.20%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-48,761	–	-1.37%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-31,845	–	-1.41%	–
C	Exit	CITIGROUP INC	$0	–	-127,857	–	-1.59%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-85,047	–	-1.60%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-45,158	–	-1.81%	–
LOW	Exit	LOWE'S COS INC	$0	–	-34,008	–	-1.90%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-21,870	–	-1.91%	–
AFL	Exit	A F L A C INC	$0	–	-115,013	–	-1.92%	–
ABBV	Exit	ABBVIE INC	$0	–	-48,338	–	-1.93%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-45,778	–	-2.04%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-42,960	–	-2.09%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-162,966	–	-2.12%	–
LKQ	Exit	LKQ CORP	$0	–	-158,955	–	-2.23%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-15,458	–	-2.32%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-29,972	–	-2.38%	–
CVS	Exit	CVS INC	$0	–	-87,803	–	-2.49%	–
ALL	Exit	ALLSTATE CORP	$0	–	-69,019	–	-2.56%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-62,161	–	-2.76%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-107,165	–	-3.07%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-54,608	–	-3.78%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$12,718,000	-9.2%	54,608	+0.1%	3.78%	+0.1%
GOOG	Buy	ALPHABET INC-CL C	$10,304,000	-12.1%	107,165	+1899.0%	3.07%	-3.1%
ALL	Sell	ALLSTATE CORP	$8,595,000	-3.1%	69,019	-1.4%	2.56%	+6.9%
CVS	Sell	CVS INC	$8,374,000	+2.3%	87,803	-0.6%	2.49%	+12.8%
BRKB	Buy	BERKSHIRE HATHAWAY B NEW CLASS	$8,003,000	-1.8%	29,972	+0.4%	2.38%	+8.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$7,807,000	-3.8%	15,458	-2.2%	2.32%	+6.1%
LKQ	Buy	LKQ CORP	$7,495,000	-3.7%	158,955	+0.2%	2.23%	+6.2%
PFE	Sell	PFIZER INCORPORATED	$7,131,000	-16.8%	162,966	-0.3%	2.12%	-8.2%
JNJ	Buy	JOHNSON & JOHNSON	$7,018,000	-7.6%	42,960	+0.3%	2.09%	+1.9%
GPC	Sell	GENUINE PARTS CO	$6,836,000	+11.7%	45,778	-0.5%	2.04%	+23.3%
ABBV	Sell	ABBVIE INC	$6,487,000	-12.6%	48,338	-0.3%	1.93%	-3.6%
AFL	Sell	A F L A C INC	$6,464,000	+1.1%	115,013	-0.5%	1.92%	+11.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$6,409,000	-1.4%	21,870	-0.0%	1.91%	+8.8%
LOW	Sell	LOWE'S COS INC	$6,387,000	+7.2%	34,008	-0.3%	1.90%	+18.3%
AXP	Sell	AMERICAN EXPRESS CO	$6,092,000	-3.4%	45,158	-0.7%	1.81%	+6.5%
OMC	Buy	OMNICOM GROUP INC	$5,366,000	+1.6%	85,047	+2.4%	1.60%	+12.0%
C	Buy	CITIGROUP INC	$5,328,000	-9.2%	127,857	+0.2%	1.59%	+0.1%
FDX	Sell	FEDEX CORPORATION	$4,728,000	-35.0%	31,845	-0.8%	1.41%	-28.4%
DIS	Buy	THE WALT DISNEY CO	$4,600,000	+2.2%	48,761	+2.2%	1.37%	+12.7%
CMC	Sell	COMMERCIAL METALS CO	$4,047,000	+6.4%	114,070	-0.7%	1.20%	+17.4%
BA	Buy	BOEING CO	$4,049,000	-5.1%	33,443	+7.2%	1.20%	+4.7%
FB	Buy	META PLATFORMS INC-A	$3,981,000	-15.0%	29,338	+1.0%	1.18%	-6.2%
CI	Sell	CIGNA CORP	$3,817,000	+4.9%	13,757	-0.4%	1.14%	+15.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$3,762,000	-7.9%	52,912	-0.3%	1.12%	+1.5%
KMB	Sell	KIMBERLY-CLARK CORP	$3,752,000	-16.9%	33,338	-0.2%	1.12%	-8.3%
DAL	Buy	DELTA AIRLINES INC	$3,699,000	+1.9%	131,826	+5.2%	1.10%	+12.3%
CSCO	Sell	CISCO SYSTEMS INC	$3,583,000	-6.4%	89,566	-0.2%	1.07%	+3.2%
INTC	Sell	INTEL CORP	$3,470,000	-32.1%	134,634	-1.5%	1.03%	-25.1%
TEL	Buy	TE CONNECTIVITY LTD F	$3,306,000	-2.4%	29,957	+0.0%	0.98%	+7.5%
IBM	Buy	INTL BUSINESS MACHINES	$3,253,000	-15.7%	27,382	+0.2%	0.97%	-7.0%
ARCC	Sell	ARES CAPITAL CORP	$3,189,000	-6.0%	188,925	-0.2%	0.95%	+3.6%
RTX	Buy	RAYTHEON TECHNOLOGIES	$3,107,000	-14.8%	37,951	+0.0%	0.92%	-6.0%
GPI	Sell	GROUP 1 AUTOMOTIVE	$3,074,000	-16.1%	21,519	-0.3%	0.92%	-7.5%
VZ	Buy	VERIZON COMMUNICATIONS	$3,036,000	-24.6%	79,954	+0.7%	0.90%	-16.8%
MMM	Buy	3M COMPANY	$2,870,000	-14.2%	25,974	+0.5%	0.85%	-5.4%
IP	Sell	INTERNATIONAL PAPER	$2,749,000	-24.2%	86,719	-0.0%	0.82%	-16.4%
MRK	Buy	MERCK & CO INC NEW	$2,627,000	-4.7%	30,507	+0.9%	0.78%	+5.1%
AMAT	Buy	APPLIED MATERIALS INC	$2,625,000	+8.3%	32,042	+20.3%	0.78%	+19.4%
NVS	Sell	NOVARTIS A G SPON ADR	$2,569,000	-10.3%	33,793	-0.3%	0.76%	-1.0%
CMCSA	Sell	COMCAST CORP CL A	$2,520,000	-30.3%	85,930	-6.7%	0.75%	-23.1%
MDT	Buy	MEDTRONIC PLC	$2,456,000	-10.0%	30,417	+0.1%	0.73%	-0.7%
SU	Buy	SUNCOR ENERGY INC NEW F	$2,401,000	-18.9%	85,280	+1.1%	0.72%	-10.5%
USB	Buy	U S BANCORP DEL NEW	$2,348,000	-10.1%	58,235	+2.6%	0.70%	-0.9%
SNA	Buy	SNAP ON INC	$2,345,000	+2.2%	11,647	+0.0%	0.70%	+12.8%
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$2,313,000	-22.0%	195,036	+0.4%	0.69%	-14.0%
V	Sell	VISA INC-CLASS A	$2,242,000	-14.5%	12,619	-5.3%	0.67%	-5.8%
AMCR	Buy	AMCOR PLC	$2,238,000	-12.9%	208,531	+0.9%	0.67%	-4.0%
T	Buy	A T & T INC NEW	$2,119,000	-26.6%	138,165	+0.3%	0.63%	-19.0%
BK	Sell	BANK OF NY MELLON CP NEW	$2,104,000	-8.0%	54,615	-0.4%	0.63%	+1.3%
BAX	Sell	BAXTER INTERNATIONAL	$1,960,000	-16.4%	36,396	-0.3%	0.58%	-7.9%
AMZN	Sell	AMAZON.COM INC	$1,945,000	+5.2%	17,210	-1.1%	0.58%	+16.0%
XOM	Sell	EXXON MOBIL CORP	$1,672,000	+1.3%	19,150	-0.6%	0.50%	+11.9%
LCII	Sell	LCI INDUSTRIES	$1,527,000	-9.4%	15,052	-0.1%	0.45%	-0.2%
EFA	Sell	ISHARES MSCI EAFE ETF	$1,485,000	-24.4%	26,513	-15.6%	0.44%	-16.6%
LEG	Buy	LEGGETT & PLATT INC	$1,479,000	-2.8%	44,512	+1.1%	0.44%	+7.1%
GILD	Buy	GILEAD SCIENCES INC	$1,284,000	-0.1%	20,811	+0.1%	0.38%	+10.1%
	New	COHERENT INC	$1,252,000	–	35,922	–	0.37%	–
IRM	Sell	IRON MOUNTAIN INC	$1,218,000	-10.7%	27,705	-1.1%	0.36%	-1.4%
CAG	Sell	CONAGRA FOODS INC	$1,170,000	-5.3%	35,863	-0.6%	0.35%	+4.2%
SPB	Sell	SPECTRUM BRANDS HOLDINGS INC	$1,168,000	-53.7%	29,920	-2.8%	0.35%	-48.9%
PG	Buy	PROCTER & GAMBLE	$1,167,000	-12.1%	9,240	+0.1%	0.35%	-3.1%
TRV	Sell	TRAVELERS COMPANIES INC	$980,000	-12.2%	6,396	-3.0%	0.29%	-3.0%
CAH	Sell	CARDINAL HEALTH	$933,000	+18.3%	13,990	-7.3%	0.28%	+30.5%
TJX	Buy	TJX COMPANIES	$929,000	+12.3%	14,960	+1.0%	0.28%	+24.2%
NYCB	Buy	NEW YORK COMMUNITY BANCORP	$893,000	+4.8%	104,725	+12.2%	0.27%	+15.7%
BAC	Buy	BANK OF AMERICA CORP	$870,000	+0.7%	28,793	+3.8%	0.26%	+11.2%
MAN	Sell	MANPOWERGROUP INC	$863,000	-16.6%	13,345	-1.5%	0.26%	-7.9%
AINV	Sell	MIDCAP FINANCIAL INVESTMENT CO	$813,000	-7.1%	79,564	-2.1%	0.24%	+2.5%
SLB	Sell	SCHLUMBERGER LTD	$792,000	-1.2%	22,050	-1.7%	0.24%	+9.3%
JPM	Sell	JPMORGAN CHASE & CO	$759,000	-8.8%	7,260	-1.7%	0.23%	+0.4%
VIAC	Sell	PARAMOUNT GLOBAL	$754,000	-23.4%	39,580	-0.7%	0.22%	-15.8%
GNTX	Sell	GENTEX CORP	$745,000	-15.5%	31,250	-1.0%	0.22%	-6.7%
GM	Sell	GENERAL MOTORS CO.	$722,000	+0.6%	22,490	-0.5%	0.22%	+10.8%
JCI	Sell	JOHNSON CONTROLS INC	$724,000	+2.3%	14,704	-0.6%	0.22%	+12.6%
AQN	Buy	ALGONQUIN POWER & UTILITIES	$617,000	+40.5%	56,545	+72.9%	0.18%	+55.9%
NVDA	Buy	NVIDIA CORP	$618,000	-4.9%	5,090	+18.6%	0.18%	+5.1%
KGC	Sell	KINROSS GOLD CORP NEW	$601,000	+3.4%	159,870	-1.4%	0.18%	+14.0%
LLY	Buy	ELI LILLY & CO	$580,000	+0.7%	1,795	+1.1%	0.17%	+11.6%
KO	Sell	COCA COLA COMPANY	$567,000	-11.8%	10,114	-1.0%	0.17%	-2.9%
OMF	Buy	ONEMAIN HOLDINGS, INC	$541,000	+6.7%	18,330	+35.2%	0.16%	+17.5%
PVAC	New	RANGER OIL CORP	$511,000	–	16,250	–	0.15%	–
GOOGL	Buy	ALPHABET INC-CL A	$448,000	-12.2%	4,680	+1900.0%	0.13%	-3.6%
BHLB	Sell	BERKSHIRE HILLS BANCORP INC	$445,000	+2.3%	16,305	-7.1%	0.13%	+12.8%
KN	Sell	KNOWLES CORP	$436,000	-30.8%	35,845	-1.5%	0.13%	-23.5%
ADS	Sell	BREAD FINANCIAL HOLDINGS INC	$435,000	-15.9%	13,837	-0.7%	0.13%	-7.9%
CMP	Sell	COMPASS MINERALS INTERNATIONAL	$426,000	-15.6%	11,065	-22.5%	0.13%	-6.6%
	Sell	WARNER BROS DISCOVERY INC	$422,000	-54.3%	36,680	-46.7%	0.13%	-49.4%
DLX	Sell	DELUXE CORPORATION	$400,000	-23.4%	24,040	-0.2%	0.12%	-15.6%
HUN	Buy	HUNTSMAN CORPORATION	$399,000	+68.4%	16,275	+94.3%	0.12%	+85.9%
MHK	Sell	MOHAWK INDUSTRIES INC	$366,000	-27.5%	4,015	-1.3%	0.11%	-19.9%
SCHP	Sell	SCH US TIPS ETF	$366,000	-7.3%	7,071	-0.2%	0.11%	+1.9%
RSP	Sell	INVESCO S&P EQUAL WEIGHT	$365,000	-11.6%	2,868	-6.8%	0.11%	-1.8%
APOG	Sell	APOGEE ENTERPRISES	$357,000	-3.0%	9,340	-0.5%	0.11%	+7.1%
AKAM	New	AKAMAI TECHNOLOGIES	$357,000	–	4,450	–	0.11%	–
HON	Sell	HONEYWELL INTERNATIONAL	$330,000	-6.2%	1,976	-2.5%	0.10%	+3.2%
VXUS	Sell	VANGUARD TOTAL INTERNATIONAL S	$326,000	-29.0%	7,131	-19.8%	0.10%	-21.8%
AAWW	Sell	ATLAS AIR WORLDWIDE HOLDINGS	$276,000	-92.9%	2,885	-95.4%	0.08%	-92.2%
CLF	Buy	CLEVELAND-CLIFFS INC	$229,000	+46.8%	17,000	+67.5%	0.07%	+61.9%
HSII	Buy	HEIDRICK & STRUGGLES INC	$202,000	-14.0%	7,770	+6.9%	0.06%	-4.8%
KMI	New	KINDER MORGAN INC	$183,000	–	10,995	–	0.05%	–
SBRA	Sell	SABRA HEALTH CARE REIT	$136,000	-13.4%	10,360	-8.0%	0.04%	-4.8%
ATRO	New	ASTRONICS CORP	$119,000	–	15,120	–	0.04%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-18,275	–	-0.02%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-5,799	–	-0.06%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-1,700	–	-0.06%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-8,150	–	-0.07%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-9,189	–	-0.13%	–
IIVI	Exit	II-VI INC	$0	–	-30,122	–	-0.41%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$14,012,000	–	54,558	–	3.78%	–
GOOG	New	ALPHABET INC-CL C	$11,727,000	–	5,361	–	3.16%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$9,807,000	–	62,161	–	2.65%	–
ALL	New	ALLSTATE CORP	$8,871,000	–	70,003	–	2.39%	–
PFE	New	PFIZER INCORPORATED	$8,567,000	–	163,406	–	2.31%	–
CVS	New	CVS INC	$8,183,000	–	88,308	–	2.21%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$8,150,000	–	29,852	–	2.20%	–
UNH	New	UNITEDHEALTH GROUP INC	$8,117,000	–	15,803	–	2.19%	–
LKQ	New	LKQ CORP	$7,785,000	–	158,580	–	2.10%	–
JNJ	New	JOHNSON & JOHNSON	$7,599,000	–	42,811	–	2.05%	–
ABBV	New	ABBVIE INC	$7,424,000	–	48,474	–	2.00%	–
FDX	New	FEDEX CORPORATION	$7,279,000	–	32,106	–	1.96%	–
GS	New	GOLDMAN SACHS GROUP INC	$6,497,000	–	21,875	–	1.75%	–
AFL	New	A F L A C INC	$6,393,000	–	115,538	–	1.72%	–
AXP	New	AMERICAN EXPRESS CO	$6,305,000	–	45,482	–	1.70%	–
GPC	New	GENUINE PARTS CO	$6,118,000	–	46,003	–	1.65%	–
LOW	New	LOWE'S COS INC	$5,956,000	–	34,101	–	1.61%	–
C	New	CITIGROUP INC	$5,869,000	–	127,622	–	1.58%	–
OMC	New	OMNICOM GROUP INC	$5,283,000	–	83,050	–	1.43%	–
INTC	New	INTEL CORP	$5,113,000	–	136,682	–	1.38%	–
FB	New	META PLATFORMS INC-A	$4,685,000	–	29,053	–	1.26%	–
KMB	New	KIMBERLY-CLARK CORP	$4,514,000	–	33,403	–	1.22%	–
DIS	New	THE WALT DISNEY CO	$4,502,000	–	47,691	–	1.22%	–
BA	New	BOEING CO	$4,266,000	–	31,204	–	1.15%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$4,086,000	–	53,062	–	1.10%	–
VZ	New	VERIZON COMMUNICATIONS	$4,029,000	–	79,389	–	1.09%	–
ADI	New	ANALOG DEVICES INC	$4,008,000	–	27,433	–	1.08%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$3,894,000	–	63,105	–	1.05%	–
IBM	New	INTL BUSINESS MACHINES	$3,858,000	–	27,324	–	1.04%	–
CSCO	New	CISCO SYSTEMS INC	$3,826,000	–	89,736	–	1.03%	–
CMC	New	COMMERCIAL METALS CO	$3,803,000	–	114,887	–	1.03%	–
GPI	New	GROUP 1 AUTOMOTIVE	$3,665,000	–	21,582	–	0.99%	–
RTX	New	RAYTHEON TECHNOLOGIES	$3,647,000	–	37,943	–	0.98%	–
CI	New	CIGNA CORP	$3,640,000	–	13,812	–	0.98%	–
DAL	New	DELTA AIRLINES INC	$3,631,000	–	125,324	–	0.98%	–
IP	New	INTERNATIONAL PAPER	$3,628,000	–	86,739	–	0.98%	–
CMCSA	New	COMCAST CORP CL A	$3,613,000	–	92,062	–	0.98%	–
ARCC	New	ARES CAPITAL CORP	$3,394,000	–	189,301	–	0.92%	–
TEL	New	TE CONNECTIVITY LTD F	$3,389,000	–	29,947	–	0.92%	–
MMM	New	3M COMPANY	$3,344,000	–	25,844	–	0.90%	–
DOW	New	DOW INC	$3,022,000	–	58,550	–	0.82%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$2,965,000	–	194,186	–	0.80%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,959,000	–	84,360	–	0.80%	–
ABT	New	ABBOTT LABORATORIES	$2,927,000	–	26,944	–	0.79%	–
T	New	A T & T INC NEW	$2,886,000	–	137,695	–	0.78%	–
NVS	New	NOVARTIS A G SPON ADR	$2,865,000	–	33,893	–	0.77%	–
MRK	New	MERCK & CO INC NEW	$2,756,000	–	30,224	–	0.74%	–
MDT	New	MEDTRONIC PLC	$2,728,000	–	30,397	–	0.74%	–
SPY	New	S P D R S&P 500	$2,623,000	–	6,953	–	0.71%	–
V	New	VISA INC-CLASS A	$2,622,000	–	13,319	–	0.71%	–
USB	New	U S BANCORP DEL NEW	$2,613,000	–	56,785	–	0.70%	–
AMCR	New	AMCOR PLC	$2,570,000	–	206,731	–	0.69%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC	$2,524,000	–	30,767	–	0.68%	–
AMAT	New	APPLIED MATERIALS INC	$2,424,000	–	26,642	–	0.65%	–
BAX	New	BAXTER INTERNATIONAL	$2,345,000	–	36,511	–	0.63%	–
SNA	New	SNAP ON INC	$2,294,000	–	11,643	–	0.62%	–
BK	New	BANK OF NY MELLON CP NEW	$2,288,000	–	54,847	–	0.62%	–
EFA	New	ISHARES MSCI EAFE ETF	$1,963,000	–	31,410	–	0.53%	–
AMZN	New	AMAZON.COM INC	$1,849,000	–	17,410	–	0.50%	–
AAPL	New	APPLE INC	$1,795,000	–	13,131	–	0.48%	–
ITT	New	ITT INC	$1,728,000	–	25,698	–	0.47%	–
MET	New	METLIFE INC	$1,708,000	–	27,204	–	0.46%	–
AVT	New	AVNET INC	$1,706,000	–	39,775	–	0.46%	–
LCII	New	LCI INDUSTRIES	$1,686,000	–	15,072	–	0.46%	–
XOM	New	EXXON MOBIL CORP	$1,650,000	–	19,272	–	0.44%	–
COP	New	CONOCOPHILLIPS	$1,570,000	–	17,484	–	0.42%	–
IIVI	New	II-VI INC	$1,535,000	–	30,122	–	0.41%	–
LEG	New	LEGGETT & PLATT INC	$1,522,000	–	44,012	–	0.41%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,379,000	–	17,115	–	0.37%	–
SMP	New	STANDARD MOTOR PRODUCTS INC	$1,363,000	–	30,285	–	0.37%	–
IRM	New	IRON MOUNTAIN INC	$1,364,000	–	28,005	–	0.37%	–
PG	New	PROCTER & GAMBLE	$1,327,000	–	9,230	–	0.36%	–
	New	CRANE HOLDINGS CO	$1,303,000	–	14,879	–	0.35%	–
GILD	New	GILEAD SCIENCES INC	$1,285,000	–	20,793	–	0.35%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,284,000	–	8,830	–	0.35%	–
CAG	New	CONAGRA FOODS INC	$1,236,000	–	36,088	–	0.33%	–
TRV	New	TRAVELERS COMPANIES INC	$1,116,000	–	6,596	–	0.30%	–
GIS	New	GENERAL MILLS INC	$1,068,000	–	14,150	–	0.29%	–
CRMT	New	AMERICAS CAR-MART INC	$1,047,000	–	10,410	–	0.28%	–
PXD	New	PIONEER NATURAL RES CO	$1,043,000	–	4,676	–	0.28%	–
AON	New	AON PLC	$1,035,000	–	3,837	–	0.28%	–
MAN	New	MANPOWERGROUP INC	$1,035,000	–	13,545	–	0.28%	–
UFPI	New	UFP INDUSTRIES, INC	$995,000	–	14,605	–	0.27%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$985,000	–	4,205	–	0.27%	–
VIAC	New	PARAMOUNT GLOBAL	$984,000	–	39,855	–	0.27%	–
MHO	New	M/I HOMES INC	$939,000	–	23,665	–	0.25%	–
	New	WARNER BROS DISCOVERY INC	$924,000	–	68,838	–	0.25%	–
PGR	New	PROGRESSIVE CORP	$908,000	–	7,809	–	0.24%	–
VRTX	New	VERTEX PHARMACEUTICALS	$902,000	–	3,200	–	0.24%	–
AIZ	New	ASSURANT INC	$882,000	–	5,100	–	0.24%	–
GNTX	New	GENTEX CORP	$882,000	–	31,550	–	0.24%	–
AINV	New	APOLLO INVESTMENT CORP	$875,000	–	81,275	–	0.24%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$871,000	–	8,290	–	0.24%	–
MSI	New	MOTOROLA SOLUTIONS INC	$870,000	–	4,153	–	0.24%	–
BAC	New	BANK OF AMERICA CORP	$864,000	–	27,743	–	0.23%	–
NYCB	New	NEW YORK COMMUNITY BANCORP	$852,000	–	93,325	–	0.23%	–
JPM	New	JPMORGAN CHASE & CO	$832,000	–	7,386	–	0.22%	–
ORCL	New	ORACLE CORPORATION	$829,000	–	11,865	–	0.22%	–
TJX	New	TJX COMPANIES	$827,000	–	14,810	–	0.22%	–
ASIX	New	ADVANSIX INC	$808,000	–	24,155	–	0.22%	–
SLB	New	SCHLUMBERGER LTD	$802,000	–	22,440	–	0.22%	–
CAH	New	CARDINAL HEALTH	$789,000	–	15,090	–	0.21%	–
AGX	New	ARGAN INC	$781,000	–	20,915	–	0.21%	–
NOMD	New	NOMAD FOODS LTD	$742,000	–	37,105	–	0.20%	–
DHI	New	DR HORTON INC	$728,000	–	11,000	–	0.20%	–
GM	New	GENERAL MOTORS CO.	$718,000	–	22,600	–	0.19%	–
MKSI	New	MKS INSTRUMENTS INC	$714,000	–	6,960	–	0.19%	–
JCI	New	JOHNSON CONTROLS INC	$708,000	–	14,787	–	0.19%	–
EOG	New	E O G RESOURCES INC	$707,000	–	6,400	–	0.19%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$703,000	–	5,160	–	0.19%	–
FNF	New	FIDELITY NATIONAL FINL-A	$690,000	–	18,665	–	0.19%	–
MED	New	MEDIFAST INC	$690,000	–	3,825	–	0.19%	–
NCR	New	NCR CORP NEW	$687,000	–	22,070	–	0.18%	–
ED	New	CONSOLIDATED EDISON INC	$659,000	–	6,925	–	0.18%	–
JEF	New	JEFFERIES FINANCIAL GROUP INC	$652,000	–	23,590	–	0.18%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$651,000	–	31,240	–	0.18%	–
NVDA	New	NVIDIA CORP	$650,000	–	4,290	–	0.18%	–
ZEV	New	LIGHTNING EMOTORS, INC	$646,000	–	233,303	–	0.17%	–
KO	New	COCA COLA COMPANY	$643,000	–	10,214	–	0.17%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$637,000	–	5,589	–	0.17%	–
KN	New	KNOWLES CORP	$630,000	–	36,380	–	0.17%	–
ASB	New	ASSOCIATED BANC-CORP	$611,000	–	33,435	–	0.16%	–
PEP	New	PEPSICO INC	$593,000	–	3,561	–	0.16%	–
KGC	New	KINROSS GOLD CORP NEW	$581,000	–	162,170	–	0.16%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$573,000	–	5,646	–	0.16%	–
LLY	New	ELI LILLY & CO	$576,000	–	1,775	–	0.16%	–
HELE	New	HELEN OF TROY LTD	$568,000	–	3,498	–	0.15%	–
MLR	New	MILLER INDS INC TENN COM NEW	$562,000	–	24,785	–	0.15%	–
DVN	New	DEVON ENERGY CP NEW	$557,000	–	10,105	–	0.15%	–
FHI	New	FEDERATED HERMES INC	$546,000	–	17,185	–	0.15%	–
TMHC	New	TAYLOR MORRISON HOME CORP	$535,000	–	22,914	–	0.14%	–
DLX	New	DELUXE CORPORATION	$522,000	–	24,091	–	0.14%	–
ADS	New	BREAD FINANCIAL HOLDINGS INC	$517,000	–	13,937	–	0.14%	–
GOOGL	New	ALPHABET INC-CL A	$510,000	–	234	–	0.14%	–
UFPT	New	UFP TECHNOLOGIES INC	$509,000	–	6,395	–	0.14%	–
FITB	New	FIFTH THIRD BANCORP	$508,000	–	15,110	–	0.14%	–
OMF	New	ONEMAIN HOLDINGS, INC	$507,000	–	13,560	–	0.14%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$505,000	–	14,283	–	0.14%	–
MHK	New	MOHAWK INDUSTRIES INC	$505,000	–	4,066	–	0.14%	–
SYK	New	STRYKER CORP	$501,000	–	2,516	–	0.14%	–
CVX	New	CHEVRON CORPORATION	$493,000	–	3,402	–	0.13%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$485,000	–	9,189	–	0.13%	–
PK	New	PARK HOTELS & RESORTS INC	$470,000	–	34,634	–	0.13%	–
VXUS	New	VANGUARD TOTAL INTERNATIONAL S	$459,000	–	8,897	–	0.12%	–
ACU	New	ACME UNITED CORP	$457,000	–	14,425	–	0.12%	–
BP	New	BP PLC (ADR)	$456,000	–	16,077	–	0.12%	–
AMG	New	AFFILIATED MANAGERS GROUP	$447,000	–	3,834	–	0.12%	–
AQN	New	ALGONQUIN POWER & UTILITIES	$439,000	–	32,700	–	0.12%	–
BHLB	New	BERKSHIRE HILLS BANCORP INC	$435,000	–	17,555	–	0.12%	–
LEN	New	LENNAR CORP-A	$430,000	–	6,100	–	0.12%	–
RSP	New	INVESCO S&P EQUAL WEIGHT	$413,000	–	3,078	–	0.11%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$409,000	–	1	–	0.11%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$408,000	–	4,202	–	0.11%	–
BDX	New	BECTON DICKINSON & CO	$402,000	–	1,630	–	0.11%	–
SCHP	New	SCH US TIPS ETF	$395,000	–	7,084	–	0.11%	–
APOG	New	APOGEE ENTERPRISES	$368,000	–	9,385	–	0.10%	–
	New	SHELL PLC	$366,000	–	6,997	–	0.10%	–
HON	New	HONEYWELL INTERNATIONAL	$352,000	–	2,026	–	0.10%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$350,000	–	3,441	–	0.09%	–
CLX	New	CLOROX COMPANY	$336,000	–	2,380	–	0.09%	–
NTR	New	NUTRIEN LTD	$331,000	–	4,157	–	0.09%	–
HI	New	HILLENBRAND INC	$319,000	–	7,780	–	0.09%	–
SCHG	New	SCHWAB US LARGE-CAP GROWTH	$316,000	–	5,450	–	0.08%	–
STAG	New	STAG INDUSTRIAL INC	$314,000	–	10,180	–	0.08%	–
CP	New	CANADIAN PACIFIC RAILWAY LTD	$301,000	–	4,307	–	0.08%	–
CRM	New	SALESFORCE.COM	$297,000	–	1,800	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING	$296,000	–	1,407	–	0.08%	–
THC	New	TENET HEALTHCARE CORP	$284,000	–	5,410	–	0.08%	–
	New	OTTER TAIL POWER	$282,000	–	4,200	–	0.08%	–
GSPRA	New	GOLDMAN SACHS GROUP INC PRFD	$266,000	–	14,340	–	0.07%	–
	New	JP MORGAN CHASE PFRD	$266,000	–	14,340	–	0.07%	–
CRI	New	CARTERS INC	$264,000	–	3,745	–	0.07%	–
UEIC	New	UNIVERSAL ELECTRONICS INC	$259,000	–	10,140	–	0.07%	–
SCHB	New	SCHWAB US BROAD MARKET ETF	$254,000	–	5,747	–	0.07%	–
PDCO	New	PATTERSON COS INC	$247,000	–	8,150	–	0.07%	–
IWV	New	ISHARES RUSSELL 3000 INDEX	$249,000	–	1,145	–	0.07%	–
AMGN	New	AMGEN INCORPORATED	$246,000	–	1,010	–	0.07%	–
BAM	New	BROOKFIELD ASSET MANAGEMENT IN	$240,000	–	5,400	–	0.06%	–
HUN	New	HUNTSMAN CORPORATION	$237,000	–	8,375	–	0.06%	–
DUK	New	DUKE ENERGY CORP NEW	$236,000	–	2,200	–	0.06%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$233,000	–	5,799	–	0.06%	–
PKG	New	PACKAGING CORP OF AMERICA	$234,000	–	1,700	–	0.06%	–
HSII	New	HEIDRICK & STRUGGLES INC	$235,000	–	7,270	–	0.06%	–
PAYX	New	PAYCHEX INC	$228,000	–	2,000	–	0.06%	–
	New	PURE TECH HEALTH PLC	$215,000	–	100,000	–	0.06%	–
DOV	New	DOVER CORPORATION	$212,000	–	1,746	–	0.06%	–
MOD	New	MODINE MANUFACTURING CO	$190,000	–	18,035	–	0.05%	–
CLF	New	CLEVELAND-CLIFFS INC	$156,000	–	10,150	–	0.04%	–
SBRA	New	SABRA HEALTH CARE REIT	$157,000	–	11,260	–	0.04%	–
RQI	New	COHEN & STEERS QUAL INC RLTY	$144,000	–	10,600	–	0.04%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$120,000	–	19,375	–	0.03%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$68,000	–	18,275	–	0.02%	–
FREQ	New	FREQUENCY THERAPEUTICS, INC	$17,000	–	11,000	–	0.01%	–
NYMX	New	NYMOX PHARMACEUTICAL CORP	$6,000	–	14,000	–	0.00%	–
ICNB	New	ICONIC BRANDS INC	$5,000	–	18,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
NYMX	Exit	NYMOX PHARMACEUTICAL CORP	$0	–	-13,100	–	-0.01%	–
FREQ	Exit	FREQUENCY THERAPEUTICS, INC	$0	–	-11,000	–	-0.02%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-19,375	–	-0.03%	–
RQI	Exit	COHEN & STEERS QUAL INC RLTY	$0	–	-10,600	–	-0.04%	–
SBRA	Exit	SABRA HEALTH CARE REIT	$0	–	-11,275	–	-0.04%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-22,800	–	-0.05%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-18,035	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,200	–	-0.05%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-1,023	–	-0.05%	–
JHG	Exit	JANUS HENDERSON GROUP PLC	$0	–	-5,261	–	-0.05%	–
NDAQ	Exit	NASDAQ INC	$0	–	-1,175	–	-0.06%	–
PAYX	Exit	PAYCHEX INC	$0	–	-2,000	–	-0.06%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-1,700	–	-0.06%	–
	Exit	OTTER TAIL POWER	$0	–	-4,200	–	-0.06%	–
PNR	Exit	PENTAIR PLC	$0	–	-3,335	–	-0.06%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-4,787	–	-0.06%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-900	–	-0.06%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-8,150	–	-0.06%	–
DOV	Exit	DOVER CORPORATION	$0	–	-1,746	–	-0.07%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,407	–	-0.07%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEX	$0	–	-1,145	–	-0.07%	–
BAM	Exit	BROOKFIELD ASSET MANAGEMENT IN	$0	–	-5,400	–	-0.07%	–
POLY	Exit	PLANTRONICS INC	$0	–	-11,357	–	-0.07%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-6,897	–	-0.08%	–
SCHB	Exit	SCHWAB US BROAD MARKET ETF	$0	–	-2,935	–	-0.08%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-3,102	–	-0.08%	–
HSII	Exit	HEIDRICK & STRUGGLES INC	$0	–	-7,270	–	-0.08%	–
HI	Exit	HILLENBRAND INC	$0	–	-7,780	–	-0.08%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-4,257	–	-0.08%	–
APOG	Exit	APOGEE ENTERPRISES	$0	–	-9,385	–	-0.09%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-10,155	–	-0.09%	–
GSPRA	Exit	GOLDMAN SACHS GROUP INC PRFD Apfd	$0	–	-14,340	–	-0.09%	–
RSP	Exit	INVESCO S&P EQUAL WEIGHT	$0	–	-2,471	–	-0.09%	–
BP	Exit	BP PLC (ADR)	$0	–	-13,990	–	-0.10%	–
CLX	Exit	CLOROX COMPANY	$0	–	-2,380	–	-0.10%	–
LLY	Exit	ELI LILLY & CO	$0	–	-1,707	–	-0.10%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,456	–	-0.10%	–
SCHP	Exit	SCH US TIPS ETF	$0	–	-6,291	–	-0.10%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-10,180	–	-0.10%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,630	–	-0.10%	–
SCHG	Exit	SCHWAB US LARGE-CAP GROWTH	$0	–	-2,725	–	-0.10%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.10%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-6,730	–	-0.10%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-2,026	–	-0.11%	–
NTR	Exit	NUTRIEN LTD	$0	–	-6,717	–	-0.11%	–
ACU	Exit	ACME UNITED CORP	$0	–	-14,425	–	-0.12%	–
BHLB	Exit	BERKSHIRE HILLS BANCORP INC	$0	–	-17,655	–	-0.12%	–
AQN	Exit	ALGONQUIN POWER & UTILITIES	$0	–	-32,700	–	-0.12%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-100,000	–	-0.12%	–
CRM	Exit	SALESFORCE.COM	$0	–	-1,800	–	-0.12%	–
VXUS	Exit	VANGUARD TOTAL INTERNATIONAL S	$0	–	-7,797	–	-0.12%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,925	–	-0.12%	–
UEIC	Exit	UNIVERSAL ELECTRONICS INC	$0	–	-10,280	–	-0.12%	–
EOG	Exit	E O G RESOURCES INC	$0	–	-6,400	–	-0.13%	–
KO	Exit	COCA COLA COMPANY	$0	–	-10,214	–	-0.13%	–
PEP	Exit	PEPSICO INC	$0	–	-3,561	–	-0.13%	–
LEN	Exit	LENNAR CORP-A	$0	–	-6,100	–	-0.14%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,200	–	-0.14%	–
TMHC	Exit	TAYLOR MORRISON HOME CORP	$0	–	-22,986	–	-0.15%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-9,259	–	-0.15%	–
FEYE	Exit	FIREEYE INC	$0	–	-34,300	–	-0.15%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-234	–	-0.16%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,622	–	-0.16%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-15,435	–	-0.16%	–
SYK	Exit	STRYKER CORP	$0	–	-2,516	–	-0.16%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-22,560	–	-0.17%	–
PK	Exit	PARK HOTELS & RESORTS INC	$0	–	-35,243	–	-0.17%	–
KN	Exit	KNOWLES CORP	$0	–	-36,380	–	-0.17%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-7,809	–	-0.18%	–
AKAM	Exit	AKAMAI TECHNOLOGIES	$0	–	-6,805	–	-0.18%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-5,579	–	-0.18%	–
OMF	Exit	ONEMAIN HOLDINGS, INC	$0	–	-12,950	–	-0.18%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-33,895	–	-0.18%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-14,840	–	-0.18%	–
DOCU	Exit	DOCUSIGN, INC	$0	–	-3,000	–	-0.19%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-7,360	–	-0.19%	–
PXD	Exit	PIONEER NATURAL RES CO	$0	–	-4,676	–	-0.19%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-3,543	–	-0.20%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-31,540	–	-0.20%	–
AIZ	Exit	ASSURANT INC	$0	–	-5,100	–	-0.20%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-5,050	–	-0.20%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-14,100	–	-0.21%	–
NCR	Exit	NCR CORP NEW	$0	–	-22,070	–	-0.21%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-25,105	–	-0.21%	–
NVDA	Exit	NVIDIA CORP	$0	–	-4,180	–	-0.21%	–
JEF	Exit	JEFFERIES FINANCIAL GROUP INC	$0	–	-23,590	–	-0.22%	–
DISCA	Exit	DISCOVERY, INC - A	$0	–	-34,600	–	-0.22%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-24,851	–	-0.22%	–
FNF	Exit	FIDELITY NATIONAL FINL-A	$0	–	-19,900	–	-0.22%	–
AGX	Exit	ARGAN INC	$0	–	-21,180	–	-0.23%	–
DHI	Exit	DR HORTON INC	$0	–	-11,200	–	-0.23%	–
KGC	Exit	KINROSS GOLD CORP NEW	$0	–	-177,060	–	-0.24%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,925	–	-0.24%	–
ASIX	Exit	ADVANSIX INC	$0	–	-24,530	–	-0.24%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-6,596	–	-0.25%	–
UFPI	Exit	UFP INDUSTRIES, INC	$0	–	-14,740	–	-0.25%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-14,828	–	-0.25%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-4,428	–	-0.26%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-37,605	–	-0.26%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-11,865	–	-0.26%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-6,899	–	-0.26%	–
GNTX	Exit	GENTEX CORP	$0	–	-31,685	–	-0.26%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-81,935	–	-0.26%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-7,050	–	-0.26%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-26,771	–	-0.28%	–
AON	Exit	AON PLC	$0	–	-4,019	–	-0.28%	–
VIAC	Exit	VIACOMCBS INC	$0	–	-29,570	–	-0.29%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-20,112	–	-0.29%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP	$0	–	-93,580	–	-0.30%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-17,796	–	-0.30%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-4,295	–	-0.30%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-8,290	–	-0.30%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-28,005	–	-0.30%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-37,543	–	-0.32%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-9,364	–	-0.32%	–
SMP	Exit	STANDARD MOTOR PRODUCTS INC	$0	–	-30,500	–	-0.33%	–
MHO	Exit	M/I HOMES INC	$0	–	-23,740	–	-0.34%	–
CR	Exit	CRANE CO	$0	–	-15,154	–	-0.36%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-9,260	–	-0.36%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-20,988	–	-0.36%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-18,415	–	-0.42%	–
MET	Exit	METLIFE INC	$0	–	-28,206	–	-0.43%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-17,287	–	-0.43%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-85,928	–	-0.44%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-557	–	-0.45%	–
AAPL	Exit	APPLE INC	$0	–	-12,931	–	-0.45%	–
LEG	Exit	LEGGETT & PLATT INC	$0	–	-42,497	–	-0.47%	–
ZEV	Exit	LIGHTNING EMOTORS, INC	$0	–	-233,303	–	-0.49%	–
LCII	Exit	LCI INDUSTRIES	$0	–	-15,072	–	-0.50%	–
FHN	Exit	FIRST HORIZON CORPORATION	$0	–	-126,825	–	-0.51%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-68,525	–	-0.52%	–
ITT	Exit	ITT INC	$0	–	-26,423	–	-0.56%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-30,612	–	-0.57%	–
AMCR	Exit	AMCOR PLC	$0	–	-204,795	–	-0.59%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-30,913	–	-0.60%	–
SNA	Exit	SNAP ON INC	$0	–	-11,742	–	-0.61%	–
CI	Exit	CIGNA CORP	$0	–	-13,868	–	-0.69%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-34,093	–	-0.69%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-54,845	–	-0.70%	–
V	Exit	VISA INC-CLASS A	$0	–	-12,907	–	-0.71%	–
SPY	Exit	S P D R S&P 500	$0	–	-6,798	–	-0.72%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-36,702	–	-0.73%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-48,173	–	-0.77%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-26,996	–	-0.79%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-54,767	–	-0.80%	–
DOW	Exit	DOW INC	$0	–	-56,392	–	-0.80%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-38,068	–	-0.81%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-26,789	–	-0.92%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-29,486	–	-0.94%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-192,515	–	-0.96%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-31,325	–	-0.97%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-194,629	–	-0.98%	–
T	Exit	A T & T INC NEW	$0	–	-146,792	–	-0.98%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-30,562	–	-1.04%	–
SPB	Exit	SPECTRUM BRANDS HOLDINGS INC	$0	–	-44,028	–	-1.04%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-78,278	–	-1.05%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-22,522	–	-1.05%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-33,366	–	-1.09%	–
MMM	Exit	3M COMPANY	$0	–	-25,684	–	-1.12%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-27,433	–	-1.14%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-13,858	–	-1.18%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-86,754	–	-1.20%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-90,636	–	-1.22%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-119,947	–	-1.26%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-93,820	–	-1.30%	–
ABBV	Exit	ABBVIE INC	$0	–	-49,040	–	-1.31%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-66,563	–	-1.35%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-47,417	–	-1.42%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-83,127	–	-1.49%	–
AFL	Exit	A F L A C INC	$0	–	-116,461	–	-1.50%	–
BA	Exit	BOEING CO	$0	–	-28,891	–	-1.57%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-43,450	–	-1.74%	–
INTC	Exit	INTEL CORP	$0	–	-131,872	–	-1.74%	–
LOW	Exit	LOWE'S COS INC	$0	–	-34,931	–	-1.75%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-18,143	–	-1.76%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-32,429	–	-1.76%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-165,408	–	-1.76%	–
CVS	Exit	CVS INC	$0	–	-90,414	–	-1.90%	–
LKQ	Exit	LKQ CORP	$0	–	-163,583	–	-2.04%	–
C	Exit	CITIGROUP INC	$0	–	-119,296	–	-2.07%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-50,212	–	-2.08%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-30,857	–	-2.08%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-22,345	–	-2.09%	–
ALL	Exit	ALLSTATE CORP	$0	–	-72,124	–	-2.27%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-62,261	–	-3.02%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-5,531	–	-3.65%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-64,757	–	-4.52%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$18,256,000	+3.5%	64,757	-0.5%	4.52%	+3.8%
GOOG	Sell	ALPHABET INC-CL C	$14,742,000	+4.7%	5,531	-1.6%	3.65%	+4.9%
ALL	Sell	ALLSTATE CORP	$9,182,000	-2.6%	72,124	-0.2%	2.27%	-2.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$8,447,000	-0.8%	22,345	-0.4%	2.09%	-0.5%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$8,422,000	-2.1%	30,857	-0.3%	2.08%	-1.8%
AXP	Sell	AMERICAN EXPRESS CO	$8,412,000	+0.0%	50,212	-1.3%	2.08%	+0.3%
C	Sell	CITIGROUP INC	$8,372,000	-1.7%	119,296	-0.9%	2.07%	-1.4%
LKQ	Sell	LKQ CORP	$8,231,000	+0.9%	163,583	-1.3%	2.04%	+1.2%
CVS	Sell	CVS INC	$7,673,000	+1.3%	90,414	-0.4%	1.90%	+1.6%
PFE	Sell	PFIZER INCORPORATED	$7,114,000	+9.5%	165,408	-0.3%	1.76%	+9.9%
FDX	Sell	FEDEX CORPORATION	$7,111,000	-27.6%	32,429	-1.5%	1.76%	-27.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$7,089,000	-8.0%	18,143	-5.7%	1.76%	-7.7%
LOW	Sell	LOWE'S COS INC	$7,086,000	+3.5%	34,931	-1.0%	1.75%	+3.8%
INTC	Sell	INTEL CORP	$7,026,000	-5.4%	131,872	-0.3%	1.74%	-5.1%
JNJ	Sell	JOHNSON & JOHNSON	$7,017,000	-2.1%	43,450	-0.1%	1.74%	-1.8%
BA	Buy	BOEING CO	$6,354,000	+2129.5%	28,891	+2327.8%	1.57%	+2147.1%
AFL	Sell	A F L A C INC	$6,071,000	-3.0%	116,461	-0.1%	1.50%	-2.7%
OMC	Buy	OMNICOM GROUP INC	$6,023,000	-9.3%	83,127	+0.1%	1.49%	-9.0%
AAWW	Sell	ATLAS AIR WORLDWIDE HOLDINGS	$5,437,000	+19.6%	66,563	-0.2%	1.35%	+20.0%
ABBV	Sell	ABBVIE INC	$5,290,000	-4.6%	49,040	-0.4%	1.31%	-4.3%
CMCSA	Sell	COMCAST CORP CL A	$5,247,000	-2.4%	93,820	-0.5%	1.30%	-2.1%
DAL	Sell	DELTA AIRLINES INC	$5,111,000	-1.8%	119,947	-0.3%	1.26%	-1.5%
CSCO	Sell	CISCO SYSTEMS INC	$4,933,000	+2.6%	90,636	-0.1%	1.22%	+2.9%
IP	Sell	INTERNATIONAL PAPER	$4,851,000	-8.8%	86,754	-0.0%	1.20%	-8.5%
LMT	Buy	LOCKHEED MARTIN CORP	$4,782,000	-7.8%	13,858	+1.1%	1.18%	-7.5%
MMM	Sell	3M COMPANY	$4,505,000	-11.8%	25,684	-0.1%	1.12%	-11.6%
KMB	Sell	KIMBERLY-CLARK CORP	$4,419,000	-1.3%	33,366	-0.3%	1.09%	-1.0%
VZ	Buy	VERIZON COMMUNICATIONS	$4,228,000	+0.2%	78,278	+3.9%	1.05%	+0.5%
GPI	Sell	GROUP 1 AUTOMOTIVE	$4,231,000	+20.9%	22,522	-0.6%	1.05%	+21.2%
SPB	Sell	SPECTRUM BRANDS HOLDINGS INC	$4,212,000	+7.0%	44,028	-4.8%	1.04%	+7.4%
TEL	Sell	TE CONNECTIVITY LTD F	$4,194,000	-1.1%	30,562	-2.6%	1.04%	-0.8%
T	Sell	A T & T INC NEW	$3,965,000	-6.3%	146,792	-0.2%	0.98%	-6.0%
ARCC	Sell	ARES CAPITAL CORP	$3,957,000	+3.3%	194,629	-0.5%	0.98%	+3.6%
MDT	Sell	MEDTRONIC PLC	$3,927,000	-32.4%	31,325	-33.1%	0.97%	-32.2%
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$3,864,000	+0.7%	192,515	+0.9%	0.96%	+1.1%
IBM	Sell	INTL BUSINESS MACHINES	$3,722,000	-5.6%	26,789	-0.4%	0.92%	-5.3%
RTX	Buy	RAYTHEON TECHNOLOGIES	$3,272,000	+1.5%	38,068	+0.7%	0.81%	+1.8%
DOW	Sell	DOW INC	$3,246,000	-9.4%	56,392	-0.4%	0.80%	-9.0%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$3,241,000	-11.8%	54,767	-0.4%	0.80%	-11.6%
ABT	Sell	ABBOTT LABORATORIES	$3,189,000	-0.4%	26,996	-2.3%	0.79%	-0.1%
CMP	Sell	COMPASS MINERALS INTERNATIONAL	$3,102,000	+2.7%	48,173	-5.5%	0.77%	+3.1%
BAX	Sell	BAXTER INTERNATIONAL	$2,952,000	-0.4%	36,702	-0.3%	0.73%	0.0%
SPY	Sell	S P D R S&P 500	$2,917,000	-1.7%	6,798	-1.9%	0.72%	-1.5%
V	Sell	VISA INC-CLASS A	$2,875,000	-5.1%	12,907	-0.4%	0.71%	-4.8%
BK	Sell	BANK OF NY MELLON CP NEW	$2,843,000	+0.9%	54,845	-0.3%	0.70%	+1.3%
CI	Sell	CIGNA CORP	$2,776,000	-16.1%	13,868	-0.6%	0.69%	-15.8%
SNA	Sell	SNAP ON INC	$2,453,000	-6.8%	11,742	-0.3%	0.61%	-6.5%
EFA	Sell	ISHARES MSCI EAFE ETF	$2,412,000	-2.5%	30,913	-1.4%	0.60%	-2.1%
AMCR	Sell	AMCOR PLC	$2,374,000	+1.1%	204,795	-0.1%	0.59%	+1.4%
MRK	Buy	MERCK & CO INC NEW	$2,299,000	-0.9%	30,612	+2.6%	0.57%	-0.7%
ITT	Sell	ITT INC	$2,268,000	-8.5%	26,423	-2.4%	0.56%	-8.3%
FHN	Sell	FIRST HORIZON CORPORATION	$2,066,000	-6.2%	126,825	-0.5%	0.51%	-5.9%
ZEV	New	LIGHTNING EMOTORS, INC	$1,995,000	–	233,303	–	0.49%	–
LEG	New	LEGGETT & PLATT INC	$1,906,000	–	42,497	–	0.47%	–
AAPL	Sell	APPLE INC	$1,830,000	+1.8%	12,931	-1.5%	0.45%	+2.0%
AMZN	Buy	AMAZON.COM INC	$1,830,000	+5.8%	557	+10.7%	0.45%	+6.1%
SU	Sell	SUNCOR ENERGY INC NEW F	$1,782,000	-21.2%	85,928	-8.9%	0.44%	-21.0%
ADS	Buy	ALLIANCE DATA SYSTEMS CORP	$1,744,000	-2.9%	17,287	+0.2%	0.43%	-2.7%
MET	Sell	METLIFE INC	$1,741,000	+0.9%	28,206	-2.2%	0.43%	+1.2%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$1,677,000	+4.6%	18,415	-0.5%	0.42%	+4.8%
GILD	Sell	GILEAD SCIENCES INC	$1,466,000	-2.4%	20,988	-3.8%	0.36%	-2.2%
COP	Sell	CONOCOPHILLIPS	$1,206,000	+10.4%	17,796	-0.8%	0.30%	+10.7%
NYCB	Buy	NEW YORK COMMUNITY BANCORP	$1,204,000	+47.2%	93,580	+26.1%	0.30%	+47.5%
XOM	Sell	EXXON MOBIL CORP	$1,183,000	-9.6%	20,112	-3.1%	0.29%	-9.3%
BAC	Buy	BANK OF AMERICA CORP	$1,136,000	+4.9%	26,771	+1.9%	0.28%	+5.2%
MKSI	Sell	MKS INSTRUMENTS INC	$1,064,000	-15.4%	7,050	-0.3%	0.26%	-15.2%
AINV	Sell	APOLLO INVESTMENT CORP	$1,063,000	-5.3%	81,935	-0.4%	0.26%	-5.1%
AMG	Sell	AFFILIATED MANAGERS GROUP	$1,042,000	-2.3%	6,899	-0.2%	0.26%	-1.9%
NOMD	Sell	NOMAD FOODS LTD	$1,036,000	-2.8%	37,605	-0.3%	0.26%	-2.7%
ASIX	Sell	ADVANSIX INC	$975,000	+32.7%	24,530	-0.4%	0.24%	+33.1%
JPM	Sell	JPMORGAN CHASE & CO	$970,000	+3.1%	5,925	-2.1%	0.24%	+3.4%
KGC	Buy	KINROSS GOLD CORP NEW	$949,000	-12.1%	177,060	+4.1%	0.24%	-12.0%
DHI	Buy	DR HORTON INC	$940,000	-5.4%	11,200	+1.8%	0.23%	-4.9%
AGX	Sell	ARGAN INC	$925,000	-8.9%	21,180	-0.2%	0.23%	-8.8%
FNF	Buy	FIDELITY NATIONAL FINL-A	$902,000	+4.6%	19,900	+0.4%	0.22%	+4.7%
DLX	Sell	DELUXE CORPORATION	$892,000	-28.6%	24,851	-5.0%	0.22%	-28.2%
DISCA	Sell	DISCOVERY, INC - A	$878,000	-17.6%	34,600	-0.4%	0.22%	-17.5%
NVDA	Buy	NVIDIA CORP	$866,000	+3.6%	4,180	+300.0%	0.21%	+3.9%
NCR	Sell	NCR CORP NEW	$855,000	-15.6%	22,070	-0.7%	0.21%	-15.2%
GIS	Buy	GENERAL MILLS INC	$843,000	+1.7%	14,100	+3.7%	0.21%	+2.0%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$800,000	-18.4%	31,540	-16.4%	0.20%	-18.2%
HELE	Sell	HELEN OF TROY LTD	$796,000	-2.0%	3,543	-0.4%	0.20%	-1.5%
PRU	Buy	PRUDENTIAL FINANCIAL INC	$774,000	+10.9%	7,360	+8.1%	0.19%	+11.6%
CAH	Sell	CARDINAL HEALTH	$734,000	-14.2%	14,840	-1.0%	0.18%	-13.7%
ASB	Buy	ASSOCIATED BANC-CORP	$726,000	+53.5%	33,895	+46.8%	0.18%	+53.8%
OMF	New	ONEMAIN HOLDINGS, INC	$717,000	–	12,950	–	0.18%	–
TIP	Buy	ISHARES TR BARCLAYS TIPS BOND	$712,000	+1.0%	5,579	+1.4%	0.18%	+1.1%
AKAM	Sell	AKAMAI TECHNOLOGIES	$712,000	-11.4%	6,805	-1.3%	0.18%	-11.1%
PK	Sell	PARK HOTELS & RESORTS INC	$675,000	-14.8%	35,243	-8.3%	0.17%	-14.4%
SLB	Buy	SCHLUMBERGER LTD	$669,000	-0.7%	22,560	+7.1%	0.17%	0.0%
FEYE	Buy	FIREEYE INC	$611,000	-6.4%	34,300	+6.2%	0.15%	-6.2%
VGK	Sell	VANGUARD FTSE EUROPE ETF	$607,000	-5.6%	9,259	-3.1%	0.15%	-5.7%
TMHC	Sell	TAYLOR MORRISON HOME CORP	$593,000	-14.6%	22,986	-12.5%	0.15%	-14.0%
AQN	Sell	ALGONQUIN POWER & UTILITIES	$479,000	-2.8%	32,700	-1.2%	0.12%	-2.5%
BHLB	Sell	BERKSHIRE HILLS BANCORP INC	$476,000	-2.3%	17,655	-0.7%	0.12%	-1.7%
ACU	Sell	ACME UNITED CORP	$472,000	-27.0%	14,425	-0.7%	0.12%	-26.9%
STAG	Sell	STAG INDUSTRIAL INC	$400,000	+4.2%	10,180	-0.7%	0.10%	+4.2%
SCHP	Buy	SCH US TIPS ETF	$394,000	+6.5%	6,291	+6.2%	0.10%	+7.7%
CLX	New	CLOROX COMPANY	$394,000	–	2,380	–	0.10%	–
AGG	Sell	iSHARES BARCLAYS AGGREGATE BON	$397,000	-4.8%	3,456	-4.5%	0.10%	-4.9%
BP	Buy	BP PLC (ADR)	$382,000	+7.6%	13,990	+4.0%	0.10%	+8.0%
RSP	Buy	INVESCO S&P EQUAL WEIGHT	$370,000	+19.4%	2,471	+20.3%	0.09%	+19.5%
GSPRA	New	GOLDMAN SACHS GROUP INC PRFD Apfd	$359,000	–	14,340	–	0.09%	–
CVX	Buy	CHEVRON CORPORATION	$315,000	+16.2%	3,102	+19.7%	0.08%	+16.4%
POLY	Sell	PLANTRONICS INC	$292,000	-39.5%	11,357	-1.9%	0.07%	-39.5%
EEM	Sell	iSHARES MSCI EMERGING MARKET I	$241,000	-15.4%	4,787	-7.4%	0.06%	-14.3%
PNR	Sell	PENTAIR PLC	$242,000	-86.0%	3,335	-87.0%	0.06%	-85.9%
MOD	Sell	MODINE MANUFACTURING CO	$204,000	-32.5%	18,035	-0.9%	0.05%	-32.0%
SFE	Sell	SAFEGUARD SCIENT INC NEW	$202,000	-17.2%	22,800	-27.5%	0.05%	-16.7%
SBRA	New	SABRA HEALTH CARE REIT	$166,000	–	11,275	–	0.04%	–
NYMX	Buy	NYMOX PHARMACEUTICAL CORP	$27,000	+35.0%	13,100	+1.9%	0.01%	+40.0%
FPH	Exit	FIVE POINT HOLDINGS LLC	$0	–	-15,100	–	-0.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,368	–	-0.05%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,000	–	-0.05%	–
MATX	Exit	MATSON, INC	$0	–	-17,480	–	-0.28%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$17,632,000	–	65,087	–	4.35%	–
GOOG	New	ALPHABET INC-CL C	$14,086,000	–	5,620	–	3.48%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$11,877,000	–	62,261	–	2.93%	–
FDX	New	FEDEX CORPORATION	$9,825,000	–	32,932	–	2.42%	–
ALL	New	ALLSTATE CORP	$9,423,000	–	72,241	–	2.33%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$8,604,000	–	30,957	–	2.12%	–
C	New	CITIGROUP INC	$8,518,000	–	120,396	–	2.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$8,513,000	–	22,430	–	2.10%	–
AXP	New	AMERICAN EXPRESS CO	$8,408,000	–	50,887	–	2.08%	–
LKQ	New	LKQ CORP	$8,161,000	–	165,813	–	2.01%	–
UNH	New	UNITEDHEALTH GROUP INC	$7,708,000	–	19,248	–	1.90%	–
CVS	New	CVS INC	$7,578,000	–	90,821	–	1.87%	–
INTC	New	INTEL CORP	$7,427,000	–	132,302	–	1.83%	–
JNJ	New	JOHNSON & JOHNSON	$7,166,000	–	43,500	–	1.77%	–
LOW	New	LOWE'S COS INC	$6,844,000	–	35,286	–	1.69%	–
OMC	New	OMNICOM GROUP INC	$6,641,000	–	83,022	–	1.64%	–
PFE	New	PFIZER INCORPORATED	$6,494,000	–	165,838	–	1.60%	–
AFL	New	A F L A C INC	$6,257,000	–	116,601	–	1.54%	–
GPC	New	GENUINE PARTS CO	$5,997,000	–	47,417	–	1.48%	–
MDT	New	MEDTRONIC PLC	$5,812,000	–	46,825	–	1.43%	–
ABBV	New	ABBVIE INC	$5,546,000	–	49,240	–	1.37%	–
CMCSA	New	COMCAST CORP CL A	$5,375,000	–	94,270	–	1.33%	–
IP	New	INTERNATIONAL PAPER	$5,320,000	–	86,779	–	1.31%	–
DAL	New	DELTA AIRLINES INC	$5,204,000	–	120,297	–	1.28%	–
LMT	New	LOCKHEED MARTIN CORP	$5,186,000	–	13,708	–	1.28%	–
MMM	New	3M COMPANY	$5,109,000	–	25,719	–	1.26%	–
CSCO	New	CISCO SYSTEMS INC	$4,810,000	–	90,746	–	1.19%	–
ADI	New	ANALOG DEVICES INC	$4,723,000	–	27,433	–	1.17%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$4,545,000	–	66,728	–	1.12%	–
KMB	New	KIMBERLY-CLARK CORP	$4,477,000	–	33,466	–	1.10%	–
TEL	New	TE CONNECTIVITY LTD F	$4,240,000	–	31,362	–	1.05%	–
T	New	A T & T INC NEW	$4,232,000	–	147,042	–	1.04%	–
VZ	New	VERIZON COMMUNICATIONS	$4,221,000	–	75,328	–	1.04%	–
AMAT	New	APPLIED MATERIALS INC	$4,199,000	–	29,486	–	1.04%	–
IBM	New	INTL BUSINESS MACHINES	$3,941,000	–	26,884	–	0.97%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC	$3,935,000	–	46,268	–	0.97%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$3,837,000	–	190,890	–	0.95%	–
ARCC	New	ARES CAPITAL CORP	$3,832,000	–	195,634	–	0.95%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,676,000	–	55,007	–	0.91%	–
DOW	New	DOW INC	$3,582,000	–	56,607	–	0.88%	–
GPI	New	GROUP 1 AUTOMOTIVE	$3,500,000	–	22,662	–	0.86%	–
CI	New	CIGNA CORP	$3,308,000	–	13,953	–	0.82%	–
RTX	New	RAYTHEON TECHNOLOGIES	$3,225,000	–	37,804	–	0.80%	–
ABT	New	ABBOTT LABORATORIES	$3,202,000	–	27,621	–	0.79%	–
NVS	New	NOVARTIS A G SPON ADR	$3,111,000	–	34,093	–	0.77%	–
V	New	VISA INC-CLASS A	$3,030,000	–	12,957	–	0.75%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$3,020,000	–	50,968	–	0.74%	–
SPY	New	S P D R S&P 500	$2,968,000	–	6,933	–	0.73%	–
BAX	New	BAXTER INTERNATIONAL	$2,963,000	–	36,812	–	0.73%	–
BK	New	BANK OF NY MELLON CP NEW	$2,817,000	–	54,995	–	0.70%	–
SNA	New	SNAP ON INC	$2,631,000	–	11,775	–	0.65%	–
ITT	New	ITT INC	$2,480,000	–	27,078	–	0.61%	–
EFA	New	ISHARES MSCI EAFE ETF	$2,473,000	–	31,354	–	0.61%	–
AMCR	New	AMCOR PLC	$2,349,000	–	204,995	–	0.58%	–
MRK	New	MERCK & CO INC NEW	$2,320,000	–	29,837	–	0.57%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,260,000	–	94,278	–	0.56%	–
FHN	New	FIRST HORIZON CORPORATION	$2,202,000	–	127,440	–	0.54%	–
CMC	New	COMMERCIAL METALS CO	$2,105,000	–	68,525	–	0.52%	–
LCII	New	LCI INDUSTRIES	$1,981,000	–	15,072	–	0.49%	–
AAPL	New	APPLE INC	$1,798,000	–	13,131	–	0.44%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$1,797,000	–	17,252	–	0.44%	–
AMZN	New	AMAZON.COM INC	$1,730,000	–	503	–	0.43%	–
PNR	New	PENTAIR PLC	$1,728,000	–	25,610	–	0.43%	–
MET	New	METLIFE INC	$1,726,000	–	28,836	–	0.43%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,603,000	–	18,515	–	0.40%	–
GILD	New	GILEAD SCIENCES INC	$1,502,000	–	21,818	–	0.37%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,463,000	–	9,260	–	0.36%	–
CR	New	CRANE CO	$1,400,000	–	15,154	–	0.35%	–
MHO	New	M/I HOMES INC	$1,393,000	–	23,740	–	0.34%	–
CAG	New	CONAGRA FOODS INC	$1,366,000	–	37,543	–	0.34%	–
VIAC	New	VIACOMCBS INC	$1,337,000	–	29,570	–	0.33%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,333,000	–	8,290	–	0.33%	–
SMP	New	STANDARD MOTOR PRODUCTS INC	$1,322,000	–	30,500	–	0.33%	–
XOM	New	EXXON MOBIL CORP	$1,309,000	–	20,749	–	0.32%	–
PG	New	PROCTER & GAMBLE	$1,263,000	–	9,364	–	0.31%	–
MKSI	New	MKS INSTRUMENTS INC	$1,258,000	–	7,070	–	0.31%	–
DLX	New	DELUXE CORPORATION	$1,249,000	–	26,151	–	0.31%	–
IRM	New	IRON MOUNTAIN INC	$1,185,000	–	28,005	–	0.29%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$1,185,000	–	4,295	–	0.29%	–
AINV	New	APOLLO INVESTMENT CORP	$1,123,000	–	82,260	–	0.28%	–
MATX	New	MATSON, INC	$1,119,000	–	17,480	–	0.28%	–
UFPI	New	UFP INDUSTRIES, INC	$1,096,000	–	14,740	–	0.27%	–
COP	New	CONOCOPHILLIPS	$1,092,000	–	17,931	–	0.27%	–
KGC	New	KINROSS GOLD CORP NEW	$1,080,000	–	170,105	–	0.27%	–
BAC	New	BANK OF AMERICA CORP	$1,083,000	–	26,263	–	0.27%	–
DISCA	New	DISCOVERY, INC - A	$1,066,000	–	34,750	–	0.26%	–
AMG	New	AFFILIATED MANAGERS GROUP	$1,066,000	–	6,911	–	0.26%	–
NOMD	New	NOMAD FOODS LTD	$1,066,000	–	37,705	–	0.26%	–
GNTX	New	GENTEX CORP	$1,048,000	–	31,685	–	0.26%	–
JCI	New	JOHNSON CONTROLS INC	$1,018,000	–	14,828	–	0.25%	–
AGX	New	ARGAN INC	$1,015,000	–	21,230	–	0.25%	–
NCR	New	NCR CORP NEW	$1,013,000	–	22,220	–	0.25%	–
DHI	New	DR HORTON INC	$994,000	–	11,000	–	0.24%	–
TRV	New	TRAVELERS COMPANIES INC	$987,000	–	6,596	–	0.24%	–
MLR	New	MILLER INDS INC TENN COM NEW	$990,000	–	25,105	–	0.24%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$980,000	–	37,740	–	0.24%	–
AON	New	AON PLC	$960,000	–	4,019	–	0.24%	–
MSI	New	MOTOROLA SOLUTIONS INC	$960,000	–	4,428	–	0.24%	–
JPM	New	JPMORGAN CHASE & CO	$941,000	–	6,050	–	0.23%	–
ORCL	New	ORACLE CORPORATION	$924,000	–	11,865	–	0.23%	–
FNF	New	FIDELITY NATIONAL FINL-A	$862,000	–	19,830	–	0.21%	–
CAH	New	CARDINAL HEALTH	$855,000	–	14,985	–	0.21%	–
DOCU	New	DOCUSIGN, INC	$839,000	–	3,000	–	0.21%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$837,000	–	5,050	–	0.21%	–
NVDA	New	NVIDIA CORP	$836,000	–	1,045	–	0.21%	–
GIS	New	GENERAL MILLS INC	$829,000	–	13,600	–	0.20%	–
NYCB	New	NEW YORK COMMUNITY BANCORP	$818,000	–	74,230	–	0.20%	–
HELE	New	HELEN OF TROY LTD	$812,000	–	3,558	–	0.20%	–
JEF	New	JEFFERIES FINANCIAL GROUP INC	$807,000	–	23,590	–	0.20%	–
AKAM	New	AKAMAI TECHNOLOGIES	$804,000	–	6,895	–	0.20%	–
AIZ	New	ASSURANT INC	$797,000	–	5,100	–	0.20%	–
PK	New	PARK HOTELS & RESORTS INC	$792,000	–	38,445	–	0.20%	–
PGR	New	PROGRESSIVE CORP	$767,000	–	7,809	–	0.19%	–
PXD	New	PIONEER NATURAL RES CO	$760,000	–	4,676	–	0.19%	–
ASIX	New	ADVANSIX INC	$735,000	–	24,630	–	0.18%	–
KN	New	KNOWLES CORP	$718,000	–	36,380	–	0.18%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$705,000	–	5,504	–	0.17%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$698,000	–	6,810	–	0.17%	–
TMHC	New	TAYLOR MORRISON HOME CORP	$694,000	–	26,266	–	0.17%	–
SLB	New	SCHLUMBERGER LTD	$674,000	–	21,060	–	0.17%	–
SYK	New	STRYKER CORP	$653,000	–	2,516	–	0.16%	–
FEYE	New	FIREEYE INC	$653,000	–	32,300	–	0.16%	–
ACU	New	ACME UNITED CORP	$647,000	–	14,525	–	0.16%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$646,000	–	5,622	–	0.16%	–
VRTX	New	VERTEX PHARMACEUTICALS	$645,000	–	3,200	–	0.16%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$643,000	–	9,559	–	0.16%	–
LEN	New	LENNAR CORP-A	$606,000	–	6,100	–	0.15%	–
FITB	New	FIFTH THIRD BANCORP	$590,000	–	15,435	–	0.15%	–
GOOGL	New	ALPHABET INC-CL A	$571,000	–	234	–	0.14%	–
KO	New	COCA COLA COMPANY	$553,000	–	10,214	–	0.14%	–
EOG	New	E O G RESOURCES INC	$534,000	–	6,400	–	0.13%	–
PEP	New	PEPSICO INC	$528,000	–	3,561	–	0.13%	–
VXUS	New	VANGUARD TOTAL INTERNATIONAL S	$512,000	–	7,797	–	0.13%	–
ED	New	CONSOLIDATED EDISON INC	$497,000	–	6,925	–	0.12%	–
UEIC	New	UNIVERSAL ELECTRONICS INC	$499,000	–	10,280	–	0.12%	–
AQN	New	ALGONQUIN POWER & UTILITIES	$493,000	–	33,100	–	0.12%	–
BHLB	New	BERKSHIRE HILLS BANCORP INC	$487,000	–	17,780	–	0.12%	–
POLY	New	PLANTRONICS INC	$483,000	–	11,582	–	0.12%	–
ASB	New	ASSOCIATED BANC-CORP	$473,000	–	23,095	–	0.12%	–
	New	PURE TECH HEALTH PLC	$471,000	–	100,000	–	0.12%	–
HON	New	HONEYWELL INTERNATIONAL	$444,000	–	2,026	–	0.11%	–
CRM	New	SALESFORCE.COM	$440,000	–	1,800	–	0.11%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$419,000	–	1	–	0.10%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$417,000	–	3,619	–	0.10%	–
NTR	New	NUTRIEN LTD	$407,000	–	6,717	–	0.10%	–
SCHG	New	SCHWAB US LARGE-CAP GROWTH	$398,000	–	2,725	–	0.10%	–
BDX	New	BECTON DICKINSON & CO	$396,000	–	1,630	–	0.10%	–
LLY	New	ELI LILLY & CO	$392,000	–	1,707	–	0.10%	–
STAG	New	STAG INDUSTRIAL INC	$384,000	–	10,250	–	0.10%	–
UFPT	New	UFP TECHNOLOGIES INC	$386,000	–	6,730	–	0.10%	–
APOG	New	APOGEE ENTERPRISES	$382,000	–	9,385	–	0.09%	–
SCHP	New	SCH US TIPS ETF	$370,000	–	5,924	–	0.09%	–
BP	New	BP PLC (ADR)	$355,000	–	13,455	–	0.09%	–
HI	New	HILLENBRAND INC	$343,000	–	7,780	–	0.08%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$333,000	–	4,257	–	0.08%	–
HSII	New	HEIDRICK & STRUGGLES INC	$324,000	–	7,270	–	0.08%	–
RSP	New	INVESCO S&P EQUAL WEIGHT	$310,000	–	2,054	–	0.08%	–
SCHB	New	SCHWAB US BROAD MARKET ETF	$306,000	–	2,935	–	0.08%	–
MOD	New	MODINE MANUFACTURING CO	$302,000	–	18,195	–	0.08%	–
DVN	New	DEVON ENERGY CP NEW	$296,000	–	10,155	–	0.07%	–
IWV	New	ISHARES RUSSELL 3000 INDEX	$293,000	–	1,145	–	0.07%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$285,000	–	5,169	–	0.07%	–
BA	New	BOEING CO	$285,000	–	1,190	–	0.07%	–
ADP	New	AUTOMATIC DATA PROCESSING	$279,000	–	1,407	–	0.07%	–
BAM	New	BROOKFIELD ASSET MANAGEMENT IN	$275,000	–	5,400	–	0.07%	–
CVX	New	CHEVRON CORPORATION	$271,000	–	2,592	–	0.07%	–
RDSB	New	ROYAL DUTCH SHELL PLC SPONS	$268,000	–	6,897	–	0.07%	–
DOV	New	DOVER CORPORATION	$263,000	–	1,746	–	0.06%	–
KSU	New	KANSAS CITY SOUTHERN	$255,000	–	900	–	0.06%	–
PDCO	New	PATTERSON COS INC	$248,000	–	8,150	–	0.06%	–
AMGN	New	AMGEN INCORPORATED	$249,000	–	1,023	–	0.06%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$244,000	–	31,450	–	0.06%	–
PKG	New	PACKAGING CORP OF AMERICA	$230,000	–	1,700	–	0.06%	–
CAT	New	CATERPILLAR INC	$218,000	–	1,000	–	0.05%	–
DUK	New	DUKE ENERGY CORP NEW	$217,000	–	2,200	–	0.05%	–
PAYX	New	PAYCHEX INC	$215,000	–	2,000	–	0.05%	–
	New	OTTER TAIL POWER	$205,000	–	4,200	–	0.05%	–
NDAQ	New	NASDAQ INC	$207,000	–	1,175	–	0.05%	–
MO	New	ALTRIA GROUP INC	$208,000	–	4,368	–	0.05%	–
JHG	New	JANUS HENDERSON GROUP PLC	$204,000	–	5,261	–	0.05%	–
RQI	New	COHEN & STEERS QUAL INC RLTY	$167,000	–	10,600	–	0.04%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$129,000	–	19,375	–	0.03%	–
FPH	New	FIVE POINT HOLDINGS LLC	$122,000	–	15,100	–	0.03%	–
FREQ	New	FREQUENCY THERAPEUTICS, INC	$110,000	–	11,000	–	0.03%	–
NYMX	New	NYMOX PHARMACEUTICAL CORP	$20,000	–	12,850	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
NYMX	Exit	NYMOX PHARMACEUTICAL CORP	$0	–	-10,500	–	-0.01%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-19,375	–	-0.02%	–
FPH	Exit	FIVE POINT HOLDINGS LLC	$0	–	-15,100	–	-0.02%	–
PBF	Exit	PBF ENERGY INC	$0	–	-15,405	–	-0.03%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-11,755	–	-0.04%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-18,195	–	-0.04%	–
RQI	Exit	COHEN & STEERS QUAL INC RLTY	$0	–	-10,600	–	-0.04%	–
POLY	Exit	PLANTRONICS INC NEW COM	$0	–	-11,458	–	-0.05%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-31,450	–	-0.06%	–
BHLB	Exit	BERKSHIRE HILLS BANCORP INC	$0	–	-18,530	–	-0.07%	–
HI	Exit	HILLENBRAND INC	$0	–	-7,100	–	-0.07%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-8,350	–	-0.07%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-2,852	–	-0.07%	–
VTR	Exit	VENTAS INC	$0	–	-5,170	–	-0.08%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEX	$0	–	-1,105	–	-0.08%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-5,029	–	-0.08%	–
EOG	Exit	E O G RESOURCES INC	$0	–	-6,400	–	-0.08%	–
SCHB	Exit	SCHWAB US BROAD MARKET ETF	$0	–	-2,935	–	-0.08%	–
VBR	Exit	VANGUARD SMALL CAP VALUE	$0	–	-2,135	–	-0.08%	–
LLY	Exit	ELI LILLY & CO	$0	–	-1,707	–	-0.09%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-8,430	–	-0.09%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-1,028	–	-0.09%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-6,730	–	-0.10%	–
NTR	Exit	NUTRIEN LTD	$0	–	-7,207	–	-0.10%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-23,095	–	-0.10%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-4,257	–	-0.11%	–
SCHG	Exit	SCHWAB US LARGE-CAP GROWTH	$0	–	-2,725	–	-0.11%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.12%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-20,760	–	-0.12%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-220	–	-0.12%	–
VXUS	Exit	VANGUARD TOTAL INTERNATIONAL S	$0	–	-6,247	–	-0.12%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-100,000	–	-0.12%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-2,093	–	-0.12%	–
ACU	Exit	ACME UNITED CORP	$0	–	-15,600	–	-0.13%	–
SCHP	Exit	SCH US TIPS ETF	$0	–	-5,979	–	-0.13%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-17,435	–	-0.13%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,630	–	-0.14%	–
UEIC	Exit	UNIVERSAL ELECTRONICS INC	$0	–	-10,180	–	-0.14%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-8,285	–	-0.14%	–
PK	Exit	PARK HOTELS & RESORTS INC	$0	–	-39,587	–	-0.14%	–
PXD	Exit	PIONEER NATURAL RES CO	$0	–	-4,676	–	-0.14%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-6,400	–	-0.15%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,619	–	-0.15%	–
JEF	Exit	JEFFERIES FINANCIAL GROUP INC	$0	–	-23,590	–	-0.15%	–
ASIX	Exit	ADVANSIX INC	$0	–	-34,230	–	-0.16%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,610	–	-0.16%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-6,911	–	-0.17%	–
AQN	Exit	ALGONQUIN POWER & UTILITIES	$0	–	-33,100	–	-0.17%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-4,907	–	-0.18%	–
PEP	Exit	PEPSICO INC	$0	–	-3,561	–	-0.18%	–
NCR	Exit	NCR CORP NEW	$0	–	-22,320	–	-0.18%	–
KO	Exit	COCA COLA COMPANY	$0	–	-10,004	–	-0.18%	–
LEN	Exit	LENNAR CORP-A	$0	–	-6,100	–	-0.18%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-9,559	–	-0.18%	–
V	Exit	VISA INC-CLASS A	$0	–	-2,611	–	-0.19%	–
SYK	Exit	STRYKER CORP	$0	–	-2,516	–	-0.19%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,100	–	-0.20%	–
SXI	Exit	STANDEX INTERNATIONAL CORP	$0	–	-9,550	–	-0.20%	–
KN	Exit	KNOWLES CORP	$0	–	-39,545	–	-0.21%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP	$0	–	-71,340	–	-0.21%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-24,601	–	-0.21%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,270	–	-0.22%	–
FNF	Exit	FIDELITY NATIONAL FINL-A	$0	–	-19,450	–	-0.22%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-15,078	–	-0.22%	–
AIZ	Exit	ASSURANT INC	$0	–	-5,100	–	-0.22%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-19,611	–	-0.23%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-78,895	–	-0.23%	–
AKAM	Exit	AKAMAI TECHNOLOGIES	$0	–	-6,111	–	-0.24%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-4,428	–	-0.25%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-11,865	–	-0.25%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-3,688	–	-0.26%	–
TMHC	Exit	TAYLOR MORRISON HOME CORP	$0	–	-29,146	–	-0.26%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-7,809	–	-0.26%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-6,996	–	-0.27%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-5,984	–	-0.27%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-37,740	–	-0.27%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-25,115	–	-0.28%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-7,070	–	-0.28%	–
CR	Exit	CRANE CO	$0	–	-15,479	–	-0.28%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-16,890	–	-0.28%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-31,351	–	-0.29%	–
GNTX	Exit	GENTEX CORP	$0	–	-31,535	–	-0.29%	–
FOE	Exit	FERRO CORP	$0	–	-66,275	–	-0.30%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-24,136	–	-0.30%	–
DHI	Exit	DR HORTON INC	$0	–	-11,000	–	-0.30%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-4,495	–	-0.30%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,200	–	-0.31%	–
AON	Exit	AON PLC	$0	–	-4,272	–	-0.32%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-22,090	–	-0.33%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,605	–	-0.36%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-39,725	–	-0.36%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-53,040	–	-0.38%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-19,215	–	-0.40%	–
MET	Exit	METLIFE INC	$0	–	-30,166	–	-0.40%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-8,330	–	-0.41%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-9,260	–	-0.42%	–
PNR	Exit	PENTAIR PLC	$0	–	-25,610	–	-0.42%	–
FHN	Exit	FIRST HORIZON NATIONAL CORP	$0	–	-133,390	–	-0.45%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-9,450	–	-0.47%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-37,713	–	-0.48%	–
AGX	Exit	ARGAN INC	$0	–	-32,530	–	-0.49%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-115,148	–	-0.50%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-23,273	–	-0.53%	–
IIVI	Exit	II-VI INC	$0	–	-38,790	–	-0.56%	–
LCII	Exit	LCI INDUSTRIES	$0	–	-15,127	–	-0.58%	–
ITT	Exit	ITT INC	$0	–	-27,303	–	-0.58%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-49,610	–	-0.61%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-33,385	–	-0.71%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-22,767	–	-0.72%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-32,484	–	-0.74%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-10,915	–	-0.76%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-37,419	–	-0.77%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-26,024	–	-0.78%	–
SPY	Exit	S P D R S&P 500	$0	–	-6,926	–	-0.83%	–
CI	Exit	CIGNA CORP	$0	–	-13,774	–	-0.84%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-21,072	–	-0.92%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-196,734	–	-0.98%	–
SPB	Exit	SPECTRUM BRANDS HOLDINGS INC	$0	–	-48,175	–	-0.99%	–
DOW	Exit	DOW INC	$0	–	-58,872	–	-0.99%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-37,260	–	-1.08%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-34,483	–	-1.08%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-28,066	–	-1.10%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-52,643	–	-1.12%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-26,928	–	-1.13%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-52,512	–	-1.14%	–
DISCA	Exit	DISCOVERY, INC - A	$0	–	-148,492	–	-1.16%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-195,536	–	-1.24%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-88,169	–	-1.28%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-91,378	–	-1.29%	–
T	Exit	A T & T INC NEW	$0	–	-134,351	–	-1.37%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-126,401	–	-1.39%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-80,677	–	-1.43%	–
MMM	Exit	3M COMPANY	$0	–	-25,919	–	-1.49%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-70,358	–	-1.50%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-69,873	–	-1.53%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-43,957	–	-1.54%	–
AFL	Exit	A F L A C INC	$0	–	-119,156	–	-1.55%	–
ABBV	Exit	ABBVIE INC	$0	–	-49,506	–	-1.56%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-47,797	–	-1.63%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-23,122	–	-1.67%	–
LKQ	Exit	LKQ CORP	$0	–	-168,393	–	-1.68%	–
C	Exit	CITIGROUP INC	$0	–	-109,054	–	-1.69%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-33,843	–	-1.79%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-48,505	–	-1.81%	–
CVS	Exit	CVS INC	$0	–	-89,128	–	-1.87%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-51,951	–	-1.87%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-167,718	–	-2.21%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-20,075	–	-2.25%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-30,777	–	-2.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-44,426	–	-2.37%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-62,161	–	-2.45%	–
ALL	Exit	ALLSTATE CORP	$0	–	-72,821	–	-2.46%	–
INTC	Exit	INTEL CORP	$0	–	-133,257	–	-2.48%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-5,723	–	-3.02%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-34,876	–	-3.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-66,644	–	-5.03%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$14,017,000	-2.0%	66,644	-5.2%	5.03%	-1.7%
FDX	Sell	FEDEX CORPORATION	$8,772,000	+77.2%	34,876	-1.2%	3.15%	+77.8%
GOOG	Sell	ALPHABET INC-CL C	$8,411,000	+3.7%	5,723	-0.2%	3.02%	+4.0%
INTC	Sell	INTEL CORP	$6,900,000	-14.9%	133,257	-1.7%	2.48%	-14.6%
ALL	Sell	ALLSTATE CORP	$6,855,000	-5.7%	72,821	-2.8%	2.46%	-5.4%
JNJ	Sell	JOHNSON & JOHNSON	$6,614,000	+4.6%	44,426	-1.2%	2.37%	+5.0%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$6,554,000	+15.8%	30,777	-2.9%	2.35%	+16.2%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,259,000	+3.0%	20,075	-2.6%	2.25%	+3.3%
PFE	Sell	PFIZER INCORPORATED	$6,155,000	+11.7%	167,718	-0.5%	2.21%	+12.1%
AXP	Sell	AMERICAN EXPRESS CO	$5,208,000	+2.5%	51,951	-2.7%	1.87%	+2.8%
CVS	Buy	CVS INC	$5,205,000	-9.9%	89,128	+0.3%	1.87%	-9.6%
MDT	Sell	MEDTRONIC PLC	$5,041,000	+10.0%	48,505	-2.9%	1.81%	+10.4%
KMB	Buy	KIMBERLY-CLARK CORP	$4,997,000	+5.3%	33,843	+0.8%	1.79%	+5.6%
C	Buy	CITIGROUP INC	$4,701,000	-15.4%	109,054	+0.3%	1.69%	-15.1%
LKQ	Buy	LKQ CORP	$4,670,000	+7.3%	168,393	+1.4%	1.68%	+7.6%
GS	Sell	GOLDMAN SACHS GROUP INC	$4,647,000	-0.5%	23,122	-2.1%	1.67%	-0.1%
GPC	Sell	GENUINE PARTS CO	$4,549,000	+8.0%	47,797	-1.3%	1.63%	+8.4%
ABBV	Buy	ABBVIE INC	$4,336,000	-7.2%	49,506	+4.1%	1.56%	-6.9%
AFL	Buy	A F L A C INC	$4,331,000	+0.9%	119,156	+0.0%	1.55%	+1.2%
TEL	Sell	TE CONNECTIVITY LTD F	$4,296,000	+17.0%	43,957	-2.4%	1.54%	+17.4%
AAWW	Sell	ATLAS AIR WORLDWIDE HOLDINGS	$4,255,000	+33.4%	69,873	-5.7%	1.53%	+33.8%
VZ	Buy	VERIZON COMMUNICATIONS	$4,186,000	+13.5%	70,358	+5.2%	1.50%	+13.9%
MMM	Sell	3M COMPANY	$4,152,000	-0.5%	25,919	-3.1%	1.49%	-0.1%
OMC	Buy	OMNICOM GROUP INC	$3,994,000	-8.4%	80,677	+1.0%	1.43%	-8.1%
DAL	Sell	DELTA AIRLINES INC	$3,865,000	+6.0%	126,401	-2.7%	1.39%	+6.4%
T	Buy	A T & T INC NEW	$3,830,000	+3.6%	134,351	+9.8%	1.37%	+3.9%
CSCO	Sell	CISCO SYSTEMS INC	$3,599,000	-15.9%	91,378	-0.4%	1.29%	-15.6%
IP	Sell	INTERNATIONAL PAPER	$3,574,000	+13.1%	88,169	-1.8%	1.28%	+13.4%
MPW	Sell	MEDICAL PROPERTIES TRUST INC	$3,447,000	-7.1%	195,536	-0.9%	1.24%	-6.9%
DISCA	Sell	DISCOVERY, INC - A	$3,233,000	+0.2%	148,492	-2.9%	1.16%	+0.4%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$3,166,000	+8.8%	52,512	+6.1%	1.14%	+9.1%
ADI	Sell	ANALOG DEVICES INC	$3,144,000	-6.7%	26,928	-2.0%	1.13%	-6.5%
CMP	Sell	COMPASS MINERALS INTERNATIONAL	$3,124,000	+15.1%	52,643	-5.4%	1.12%	+15.4%
ABT	Sell	ABBOTT LABORATORIES	$3,054,000	+17.2%	28,066	-1.5%	1.10%	+17.6%
NVS	Sell	NOVARTIS A G SPON ADR	$2,999,000	-2.2%	34,483	-1.7%	1.08%	-1.9%
BAX	Sell	BAXTER INTERNATIONAL	$2,996,000	-9.4%	37,260	-3.0%	1.08%	-9.1%
DOW	Buy	DOW INC	$2,770,000	+15.9%	58,872	+0.4%	0.99%	+16.3%
SPB	Sell	SPECTRUM BRANDS HOLDINGS INC	$2,754,000	+21.3%	48,175	-2.6%	0.99%	+21.7%
ARCC	Buy	ARES CAPITAL CORP	$2,744,000	-3.1%	196,734	+0.4%	0.98%	-2.8%
IBM	Sell	INTL BUSINESS MACHINES	$2,564,000	-0.8%	21,072	-1.5%	0.92%	-0.5%
CI	Buy	CIGNA CORP	$2,333,000	-6.3%	13,774	+3.8%	0.84%	-6.1%
SPY	Sell	S P D R S&P 500	$2,319,000	+7.0%	6,926	-1.5%	0.83%	+7.4%
MRK	Sell	MERCK & CO INC NEW	$2,159,000	+3.6%	26,024	-3.4%	0.78%	+3.9%
RTX	Sell	RAYTHEON TECHNOLOGIES	$2,153,000	-7.8%	37,419	-1.2%	0.77%	-7.4%
ITW	Sell	ILLINOIS TOOL WORKS INC	$2,109,000	+8.5%	10,915	-1.8%	0.76%	+8.9%
EFA	Sell	ISHARES MSCI EAFE ETF	$2,068,000	-15.0%	32,484	-18.7%	0.74%	-14.7%
GPI	Sell	GROUP 1 AUTOMOTIVE	$2,012,000	+31.1%	22,767	-2.2%	0.72%	+31.5%
BK	Sell	BANK OF NY MELLON CP NEW	$1,704,000	-13.0%	49,610	-2.1%	0.61%	-12.7%
ITT	Sell	ITT INC	$1,612,000	-10.0%	27,303	-10.5%	0.58%	-9.7%
LCII	Sell	LCI INDUSTRIES	$1,608,000	-8.4%	15,127	-1.0%	0.58%	-8.1%
IIVI	Sell	II-VI INC	$1,573,000	-15.4%	38,790	-1.5%	0.56%	-15.0%
GILD	Sell	GILEAD SCIENCES INC	$1,471,000	-25.6%	23,273	-9.4%	0.53%	-25.3%
SU	Sell	SUNCOR ENERGY INC NEW F	$1,408,000	-30.6%	115,148	-4.3%	0.50%	-30.4%
AGX	Sell	ARGAN INC	$1,363,000	-12.6%	32,530	-1.1%	0.49%	-12.4%
CAG	Sell	CONAGRA FOODS INC	$1,347,000	-1.8%	37,713	-3.3%	0.48%	-1.6%
PG	Sell	PROCTER & GAMBLE	$1,313,000	+13.2%	9,450	-2.6%	0.47%	+13.5%
FHN	Buy	FIRST HORIZON NATIONAL CORP	$1,258,000	-3.5%	133,390	+2.0%	0.45%	-3.2%
PNR	Sell	PENTAIR PLC	$1,172,000	+19.0%	25,610	-1.3%	0.42%	+19.6%
LSTR	Sell	LANDSTAR SYSTEM INC	$1,162,000	+8.7%	9,260	-2.7%	0.42%	+9.2%
MET	Buy	METLIFE INC	$1,121,000	+4.1%	30,166	+2.3%	0.40%	+4.4%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$1,109,000	+8.9%	19,215	-1.5%	0.40%	+9.3%
CMC	Sell	COMMERCIAL METALS CO	$1,060,000	-13.6%	53,040	-11.8%	0.38%	-13.4%
NOMD	Sell	NOMAD FOODS LTD	$1,012,000	+4.3%	39,725	-12.2%	0.36%	+4.6%
LMT	New	LOCKHEED MARTIN CORP	$998,000	–	2,605	–	0.36%	–
LH	Sell	LABORATORY CRP OF AMER HLDGS	$846,000	-4.9%	4,495	-16.1%	0.30%	-4.4%
DHI	Sell	DR HORTON INC	$832,000	+34.0%	11,000	-1.8%	0.30%	+34.7%
XOM	Sell	EXXON MOBIL CORP	$829,000	-24.0%	24,136	-1.1%	0.30%	-23.6%
FOE	Sell	FERRO CORP	$822,000	-2.5%	66,275	-6.2%	0.30%	-2.3%
GNTX	Buy	GENTEX CORP	$812,000	+73.1%	31,535	+73.3%	0.29%	+73.2%
DLX	Sell	DELUXE CORPORATION	$807,000	+1.9%	31,351	-6.8%	0.29%	+2.5%
CMCSA	Sell	COMCAST CORP CL A	$781,000	+8.6%	16,890	-8.4%	0.28%	+8.9%
CR	Sell	CRANE CO	$776,000	-18.6%	15,479	-3.4%	0.28%	-18.5%
MKSI	Sell	MKS INSTRUMENTS INC	$772,000	-6.0%	7,070	-2.5%	0.28%	-5.8%
MLR	Sell	MILLER INDS INC TENN COM NEW	$768,000	+0.1%	25,115	-2.5%	0.28%	+0.7%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$763,000	-16.5%	37,740	-1.8%	0.27%	-16.2%
TRV	Sell	TRAVELERS COMPANIES INC	$757,000	-5.3%	6,996	-0.1%	0.27%	-4.9%
TIP	Sell	ISHARES TR BARCLAYS TIPS BOND	$757,000	-1.7%	5,984	-4.4%	0.27%	-1.1%
TMHC	Sell	TAYLOR MORRISON HOME CORP	$717,000	+22.6%	29,146	-4.0%	0.26%	+23.0%
HELE	Sell	HELEN OF TROY LTD	$714,000	+0.3%	3,688	-2.4%	0.26%	+0.4%
ORCL	Sell	ORACLE CORPORATION	$708,000	+4.9%	11,865	-2.9%	0.25%	+5.4%
AKAM	Buy	AKAMAI TECHNOLOGIES	$676,000	+5.5%	6,111	+2.1%	0.24%	+6.1%
AINV	Sell	APOLLO INVESTMENT CORP	$652,000	-16.4%	78,895	-3.2%	0.23%	-16.1%
FNF	Buy	FIDELITY NATIONAL FINL-A	$609,000	+140.7%	19,450	+136.0%	0.22%	+140.7%
JPM	Buy	JPMORGAN CHASE & CO	$604,000	+7.3%	6,270	+4.7%	0.22%	+8.0%
BAC	Sell	BANK OF AMERICA CORP	$593,000	-2.1%	24,601	-3.6%	0.21%	-1.8%
NYCB	Sell	NEW YORK COMMUNITY BANCORP	$590,000	-20.5%	71,340	-2.0%	0.21%	-20.0%
SXI	New	STANDEX INTERNATIONAL CORP	$565,000	–	9,550	–	0.20%	–
SYK	Sell	STRYKER CORP	$524,000	+11.3%	2,516	-3.8%	0.19%	+11.2%
V	Buy	VISA INC-CLASS A	$522,000	+81.9%	2,611	+75.7%	0.19%	+81.6%
KO	Sell	COCA COLA COMPANY	$494,000	-0.4%	10,004	-9.9%	0.18%	0.0%
NCR	Buy	NCR CORP NEW	$494,000	+28.3%	22,320	+0.5%	0.18%	+28.3%
IWN	Sell	ISHARES RUSSELL 2000 VALUE	$487,000	+1.5%	4,907	-0.3%	0.18%	+1.7%
AQN	Buy	ALGONQUIN POWER & UTILITIES	$481,000	+16.5%	33,100	+3.8%	0.17%	+16.9%
AMG	Sell	AFFILIATED MANAGERS GROUP	$473,000	-10.8%	6,911	-2.8%	0.17%	-10.5%
IWS	Sell	iSHARES RUSSELL MIDCAP VALUE	$454,000	+5.6%	5,610	-0.2%	0.16%	+5.8%
ASIX	Sell	ADVANSIX INC	$441,000	+2.3%	34,230	-6.7%	0.16%	+2.6%
JEF	Sell	JEFFERIES FINANCIAL GROUP INC	$425,000	-6.4%	23,590	-19.2%	0.15%	-5.6%
PXD	Sell	PIONEER NATURAL RES CO	$402,000	-22.7%	4,676	-12.2%	0.14%	-22.6%
PK	Sell	PARK HOTELS & RESORTS INC	$395,000	-0.5%	39,587	-1.5%	0.14%	0.0%
CAH	Buy	CARDINAL HEALTH	$389,000	+57.5%	8,285	+75.3%	0.14%	+59.1%
UEIC	Buy	UNIVERSAL ELECTRONICS INC	$384,000	-17.9%	10,180	+1.7%	0.14%	-17.4%
FITB	Sell	FIFTH THIRD BANCORP	$372,000	+1.9%	17,435	-7.9%	0.13%	+2.3%
SCHP	Buy	SCH US TIPS ETF	$368,000	+7.3%	5,979	+4.5%	0.13%	+7.3%
HON	Sell	HONEYWELL INTERNATIONAL	$345,000	-2.8%	2,093	-14.8%	0.12%	-2.4%
	Sell	PURE TECH HEALTH PLC	$329,000	-33.1%	100,000	-33.3%	0.12%	-33.0%
VXUS	New	VANGUARD TOTAL INTERNATIONAL S	$326,000	–	6,247	–	0.12%	–
SLB	Buy	SCHLUMBERGER LTD	$323,000	-13.9%	20,760	+1.8%	0.12%	-13.4%
SCHG	Sell	SCHWAB US LARGE-CAP GROWTH	$314,000	+7.5%	2,725	-5.2%	0.11%	+8.7%
SAFT	Buy	SAFETY INSURANCE GROUP INC	$294,000	-6.1%	4,257	+3.8%	0.11%	-5.4%
ASB	Sell	ASSOCIATED BANC-CORP	$291,000	-11.6%	23,095	-3.9%	0.10%	-11.9%
NTR	Sell	NUTRIEN LTD	$283,000	+21.5%	7,207	-0.8%	0.10%	+22.9%
UFPT	Sell	UFP TECHNOLOGIES INC	$279,000	-14.4%	6,730	-9.1%	0.10%	-14.5%
VBR	New	VANGUARD SMALL CAP VALUE	$236,000	–	2,135	–	0.08%	–
SCHB	New	SCHWAB US BROAD MARKET ETF	$234,000	–	2,935	–	0.08%	–
EEM	Sell	iSHARES MSCI EMERGING MARKET I	$222,000	-47.3%	5,029	-52.2%	0.08%	-47.0%
IWV	Sell	ISHARES RUSSELL 3000 INDEX	$216,000	+1.4%	1,105	-6.8%	0.08%	+2.6%
VTR	New	VENTAS INC	$217,000	–	5,170	–	0.08%	–
CVX	Sell	CHEVRON CORPORATION	$205,000	-20.8%	2,852	-1.7%	0.07%	-20.4%
PDCO	New	PATTERSON COS INC	$201,000	–	8,350	–	0.07%	–
HI	Sell	HILLENBRAND INC	$201,000	-8.6%	7,100	-12.6%	0.07%	-8.9%
BHLB	New	BERKSHIRE HILLS BANCORP INC	$187,000	–	18,530	–	0.07%	–
SFE	Sell	SAFEGUARD SCIENT INC NEW	$172,000	-66.3%	31,450	-56.8%	0.06%	-65.9%
POLY	Sell	PLANTRONICS INC NEW COM	$136,000	-71.1%	11,458	-64.3%	0.05%	-71.0%
MOD	Sell	MODINE MANUFACTURING CO	$114,000	-3.4%	18,195	-14.6%	0.04%	-2.4%
PBF	Sell	PBF ENERGY INC	$88,000	-71.5%	15,405	-49.0%	0.03%	-71.2%
FPH	Sell	FIVE POINT HOLDINGS LLC	$63,000	-52.3%	15,100	-47.6%	0.02%	-51.1%
NYMX	New	NYMOX PHARMACEUTICAL CORP	$26,000	–	10,500	–	0.01%	–
GPX	Exit	GP STRATEGIES CORP	$0	–	-11,615	–	-0.04%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,407	–	-0.08%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-2,550	–	-0.09%	–
APOG	Exit	APOGEE ENTERPRISES	$0	–	-14,595	–	-0.12%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,745	–	-0.15%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,350	–	-0.25%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-36,937	–	-0.29%	–
OTIS	Exit	OTIS WORLDWIDE CORPORATION	$0	–	-17,705	–	-0.36%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-44,629	–	-1.78%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$14,307,000	–	70,301	–	5.12%	–
GOOG	New	ALPHABET INC-CL C	$8,110,000	–	5,737	–	2.90%	–
INTC	New	INTEL CORP	$8,107,000	–	135,496	–	2.90%	–
ALL	New	ALLSTATE CORP	$7,268,000	–	74,931	–	2.60%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$6,540,000	–	62,161	–	2.34%	–
JNJ	New	JOHNSON & JOHNSON	$6,323,000	–	44,965	–	2.26%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,079,000	–	20,610	–	2.18%	–
CVS	New	CVS INC	$5,775,000	–	88,894	–	2.07%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$5,658,000	–	31,698	–	2.02%	–
C	New	CITIGROUP INC	$5,558,000	–	108,764	–	1.99%	–
PFE	New	PFIZER INCORPORATED	$5,509,000	–	168,478	–	1.97%	–
AXP	New	AMERICAN EXPRESS CO	$5,082,000	–	53,386	–	1.82%	–
DIS	New	THE WALT DISNEY CO	$4,977,000	–	44,629	–	1.78%	–
FDX	New	FEDEX CORPORATION	$4,949,000	–	35,296	–	1.77%	–
KMB	New	KIMBERLY-CLARK CORP	$4,746,000	–	33,573	–	1.70%	–
ABBV	New	ABBVIE INC	$4,670,000	–	47,567	–	1.67%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,669,000	–	23,626	–	1.67%	–
MDT	New	MEDTRONIC PLC	$4,581,000	–	49,957	–	1.64%	–
OMC	New	OMNICOM GROUP INC	$4,360,000	–	79,847	–	1.56%	–
LKQ	New	LKQ CORP	$4,352,000	–	166,108	–	1.56%	–
AFL	New	A F L A C INC	$4,292,000	–	119,117	–	1.54%	–
CSCO	New	CISCO SYSTEMS INC	$4,280,000	–	91,758	–	1.53%	–
GPC	New	GENUINE PARTS CO	$4,213,000	–	48,451	–	1.51%	–
MMM	New	3M COMPANY	$4,171,000	–	26,737	–	1.49%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$3,711,000	–	197,397	–	1.33%	–
T	New	A T & T INC NEW	$3,697,000	–	122,312	–	1.32%	–
VZ	New	VERIZON COMMUNICATIONS	$3,688,000	–	66,903	–	1.32%	–
TEL	New	TE CONNECTIVITY LTD F	$3,673,000	–	45,042	–	1.31%	–
DAL	New	DELTA AIRLINES INC	$3,645,000	–	129,960	–	1.30%	–
ADI	New	ANALOG DEVICES INC	$3,370,000	–	27,478	–	1.21%	–
BAX	New	BAXTER INTERNATIONAL	$3,307,000	–	38,410	–	1.18%	–
DISCA	New	DISCOVERY, INC - A	$3,227,000	–	152,947	–	1.16%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$3,190,000	–	74,123	–	1.14%	–
IP	New	INTERNATIONAL PAPER	$3,161,000	–	89,787	–	1.13%	–
NVS	New	NOVARTIS A G SPON ADR	$3,065,000	–	35,093	–	1.10%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,911,000	–	49,512	–	1.04%	–
ARCC	New	ARES CAPITAL CORP	$2,831,000	–	195,934	–	1.01%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$2,714,000	–	55,663	–	0.97%	–
ABT	New	ABBOTT LABORATORIES	$2,605,000	–	28,493	–	0.93%	–
IBM	New	INTL BUSINESS MACHINES	$2,585,000	–	21,402	–	0.92%	–
CI	New	CIGNA CORP	$2,490,000	–	13,268	–	0.89%	–
EFA	New	ISHARES MSCI EAFE ETF	$2,432,000	–	39,951	–	0.87%	–
DOW	New	DOW INC	$2,390,000	–	58,648	–	0.86%	–
RTX	New	RAYTHEON TECHNOLOGIES	$2,335,000	–	37,892	–	0.84%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC	$2,271,000	–	49,468	–	0.81%	–
SPY	New	S P D R S&P 500	$2,167,000	–	7,029	–	0.78%	–
MRK	New	MERCK & CO INC NEW	$2,084,000	–	26,946	–	0.75%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,029,000	–	120,328	–	0.73%	–
AMAT	New	APPLIED MATERIALS INC	$2,018,000	–	33,385	–	0.72%	–
GILD	New	GILEAD SCIENCES INC	$1,976,000	–	25,686	–	0.71%	–
BK	New	BANK OF NY MELLON CP NEW	$1,958,000	–	50,660	–	0.70%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,944,000	–	11,118	–	0.70%	–
IIVI	New	II-VI INC	$1,859,000	–	39,375	–	0.66%	–
ITT	New	ITT INC	$1,791,000	–	30,498	–	0.64%	–
LCII	New	LCI INDUSTRIES	$1,756,000	–	15,277	–	0.63%	–
AGX	New	ARGAN INC	$1,559,000	–	32,895	–	0.56%	–
GPI	New	GROUP 1 AUTOMOTIVE	$1,535,000	–	23,269	–	0.55%	–
CAG	New	CONAGRA FOODS INC	$1,372,000	–	39,013	–	0.49%	–
FHN	New	FIRST HORIZON NATIONAL CORP	$1,303,000	–	130,790	–	0.47%	–
CMC	New	COMMERCIAL METALS CO	$1,227,000	–	60,140	–	0.44%	–
PG	New	PROCTER & GAMBLE	$1,160,000	–	9,700	–	0.42%	–
XOM	New	EXXON MOBIL CORP	$1,091,000	–	24,406	–	0.39%	–
MET	New	METLIFE INC	$1,077,000	–	29,491	–	0.38%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,069,000	–	9,515	–	0.38%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,018,000	–	19,515	–	0.36%	–
OTIS	New	OTIS WORLDWIDE CORPORATION	$1,007,000	–	17,705	–	0.36%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$997,000	–	22,090	–	0.36%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$994,000	–	8,330	–	0.36%	–
PNR	New	PENTAIR PLC	$985,000	–	25,935	–	0.35%	–
NOMD	New	NOMAD FOODS LTD	$970,000	–	45,225	–	0.35%	–
CR	New	CRANE CO	$953,000	–	16,029	–	0.34%	–
VRTX	New	VERTEX PHARMACEUTICALS	$929,000	–	3,200	–	0.33%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$914,000	–	38,440	–	0.33%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$890,000	–	5,356	–	0.32%	–
FOE	New	FERRO CORP	$843,000	–	70,625	–	0.30%	–
COP	New	CONOCOPHILLIPS	$824,000	–	19,611	–	0.30%	–
MKSI	New	MKS INSTRUMENTS INC	$821,000	–	7,250	–	0.29%	–
CARR	New	CARRIER GLOBAL CORPORATION	$821,000	–	36,937	–	0.29%	–
AON	New	AON PLC	$823,000	–	4,272	–	0.29%	–
TRV	New	TRAVELERS COMPANIES INC	$799,000	–	7,006	–	0.29%	–
DLX	New	DELUXE CORPORATION	$792,000	–	33,638	–	0.28%	–
AINV	New	APOLLO INVESTMENT CORP	$780,000	–	81,508	–	0.28%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$770,000	–	6,259	–	0.28%	–
MLR	New	MILLER INDS INC TENN COM NEW	$767,000	–	25,755	–	0.27%	–
NYCB	New	NEW YORK COMMUNITY BANCORP	$742,000	–	72,790	–	0.26%	–
CMCSA	New	COMCAST CORP CL A	$719,000	–	18,440	–	0.26%	–
HELE	New	HELEN OF TROY LTD	$712,000	–	3,778	–	0.26%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$695,000	–	3,350	–	0.25%	–
ORCL	New	ORACLE CORPORATION	$675,000	–	12,215	–	0.24%	–
AKAM	New	AKAMAI TECHNOLOGIES	$641,000	–	5,986	–	0.23%	–
PGR	New	PROGRESSIVE CORP	$626,000	–	7,809	–	0.22%	–
DHI	New	DR HORTON INC	$621,000	–	11,200	–	0.22%	–
MSI	New	MOTOROLA SOLUTIONS INC	$620,000	–	4,428	–	0.22%	–
BAC	New	BANK OF AMERICA CORP	$606,000	–	25,523	–	0.22%	–
KN	New	KNOWLES CORP	$603,000	–	39,545	–	0.22%	–
TMHC	New	TAYLOR MORRISON HOME CORP	$585,000	–	30,346	–	0.21%	–
JPM	New	JPMORGAN CHASE & CO	$563,000	–	5,990	–	0.20%	–
AMG	New	AFFILIATED MANAGERS GROUP	$530,000	–	7,111	–	0.19%	–
AIZ	New	ASSURANT INC	$527,000	–	5,100	–	0.19%	–
PXD	New	PIONEER NATURAL RES CO	$520,000	–	5,326	–	0.19%	–
JCI	New	JOHNSON CONTROLS INC	$515,000	–	15,078	–	0.18%	–
ED	New	CONSOLIDATED EDISON INC	$511,000	–	7,100	–	0.18%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$510,000	–	72,850	–	0.18%	–
KO	New	COCA COLA COMPANY	$496,000	–	11,104	–	0.18%	–
	New	PURE TECH HEALTH PLC	$492,000	–	150,000	–	0.18%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$481,000	–	9,559	–	0.17%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$480,000	–	4,923	–	0.17%	–
POLY	New	PLANTRONICS INC NEW COM	$471,000	–	32,113	–	0.17%	–
SYK	New	STRYKER CORP	$471,000	–	2,616	–	0.17%	–
PEP	New	PEPSICO INC	$471,000	–	3,561	–	0.17%	–
GNTX	New	GENTEX CORP	$469,000	–	18,200	–	0.17%	–
UEIC	New	UNIVERSAL ELECTRONICS INC	$468,000	–	10,005	–	0.17%	–
JEF	New	JEFFERIES FINANCIAL GROUP INC	$454,000	–	29,190	–	0.16%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$430,000	–	5,619	–	0.15%	–
ASIX	New	ADVANSIX INC	$431,000	–	36,690	–	0.15%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$428,000	–	3,619	–	0.15%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$421,000	–	10,529	–	0.15%	–
BOND	New	PIMCO TOTAL RETURN ETF	$418,000	–	3,745	–	0.15%	–
AQN	New	ALGONQUIN POWER & UTILITIES	$413,000	–	31,900	–	0.15%	–
PK	New	PARK HOTELS & RESORTS INC	$397,000	–	40,183	–	0.14%	–
BDX	New	BECTON DICKINSON & CO	$390,000	–	1,630	–	0.14%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$390,000	–	6,400	–	0.14%	–
NCR	New	NCR CORP NEW	$385,000	–	22,220	–	0.14%	–
LEN	New	LENNAR CORP-A	$376,000	–	6,100	–	0.14%	–
SLB	New	SCHLUMBERGER LTD	$375,000	–	20,395	–	0.13%	–
FITB	New	FIFTH THIRD BANCORP	$365,000	–	18,935	–	0.13%	–
ACU	New	ACME UNITED CORP	$358,000	–	15,600	–	0.13%	–
HON	New	HONEYWELL INTERNATIONAL	$355,000	–	2,456	–	0.13%	–
SCHP	New	SCH US TIPS ETF	$343,000	–	5,723	–	0.12%	–
APOG	New	APOGEE ENTERPRISES	$336,000	–	14,595	–	0.12%	–
ASB	New	ASSOCIATED BANC-CORP	$329,000	–	24,020	–	0.12%	–
UFPT	New	UFP TECHNOLOGIES INC	$326,000	–	7,405	–	0.12%	–
EOG	New	E O G RESOURCES INC	$324,000	–	6,400	–	0.12%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$313,000	–	4,102	–	0.11%	–
GOOGL	New	ALPHABET INC-CL A	$312,000	–	220	–	0.11%	–
PBF	New	PBF ENERGY INC	$309,000	–	30,180	–	0.11%	–
SCHG	New	SCHWAB US LARGE-CAP GROWTH	$292,000	–	2,875	–	0.10%	–
V	New	VISA INC-CLASS A	$287,000	–	1,486	–	0.10%	–
LLY	New	ELI LILLY & CO	$280,000	–	1,707	–	0.10%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$267,000	–	1	–	0.10%	–
CVX	New	CHEVRON CORPORATION	$259,000	–	2,902	–	0.09%	–
PKG	New	PACKAGING CORP OF AMERICA	$254,000	–	2,550	–	0.09%	–
FNF	New	FIDELITY NATIONAL FINL-A	$253,000	–	8,240	–	0.09%	–
CAH	New	CARDINAL HEALTH	$247,000	–	4,725	–	0.09%	–
STAG	New	STAG INDUSTRIAL INC	$247,000	–	8,430	–	0.09%	–
AMGN	New	AMGEN INCORPORATED	$242,000	–	1,028	–	0.09%	–
NTR	New	NUTRIEN LTD	$233,000	–	7,267	–	0.08%	–
HI	New	HILLENBRAND INC	$220,000	–	8,125	–	0.08%	–
IWV	New	ISHARES RUSSELL 3000 INDEX	$213,000	–	1,185	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING	$209,000	–	1,407	–	0.08%	–
DVN	New	DEVON ENERGY CP NEW	$133,000	–	11,755	–	0.05%	–
FPH	New	FIVE POINT HOLDINGS LLC	$132,000	–	28,800	–	0.05%	–
RQI	New	COHEN & STEERS QUAL INC RLTY	$116,000	–	10,600	–	0.04%	–
MOD	New	MODINE MANUFACTURING CO	$118,000	–	21,295	–	0.04%	–
GPX	New	GP STRATEGIES CORP	$100,000	–	11,615	–	0.04%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$68,000	–	19,375	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
RRC	Exit	RANGE RESOURCES CORP DEL	$0	–	-20,120	–	-0.02%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-13,200	–	-0.02%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-19,375	–	-0.04%	–
GPX	Exit	GP STRATEGIES CORP	$0	–	-11,460	–	-0.04%	–
ROSEQ	Exit	ROSEHILL RESOURCES INC	$0	–	-104,925	–	-0.06%	–
FLS	Exit	FLOWSERVE CORPORATION	$0	–	-4,575	–	-0.06%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-10,490	–	-0.06%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS-C	$0	–	-8,800	–	-0.06%	–
	Exit	OTTER TAIL POWER	$0	–	-4,200	–	-0.07%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,407	–	-0.07%	–
CELG	Exit	CELGENE CORP	$0	–	-2,340	–	-0.07%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,441	–	-0.07%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-7,125	–	-0.07%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-21,125	–	-0.07%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,421	–	-0.07%	–
VEEV	Exit	VEEVA SYSTEMS INC	$0	–	-1,600	–	-0.07%	–
HI	Exit	HILLENBRAND INC	$0	–	-7,875	–	-0.07%	–
FPH	Exit	FIVE POINT HOLDINGS LLC	$0	–	-34,610	–	-0.08%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-220	–	-0.08%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-2,550	–	-0.08%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-11,850	–	-0.08%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-7,405	–	-0.09%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-1,538	–	-0.09%	–
ACU	Exit	ACME UNITED CORP	$0	–	-15,600	–	-0.09%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.09%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-20,356	–	-0.10%	–
LEN	Exit	LENNAR CORP-A	$0	–	-6,100	–	-0.10%	–
CPRI	Exit	CAPRI HOLDINGS LTD	$0	–	-10,400	–	-0.10%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGS	$0	–	-4,000	–	-0.11%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-9,129	–	-0.11%	–
APA	Exit	APACHE CORP	$0	–	-14,630	–	-0.11%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-6,377	–	-0.11%	–
LM	Exit	LEGG MASON INC	$0	–	-10,110	–	-0.12%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,514	–	-0.12%	–
VTR	Exit	VENTAS INC	$0	–	-5,580	–	-0.12%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,770	–	-0.12%	–
NTR	Exit	NUTRIEN LTD	$0	–	-8,392	–	-0.13%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,820	–	-0.14%	–
EOG	Exit	E O G RESOURCES INC	$0	–	-6,400	–	-0.14%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-24,020	–	-0.15%	–
ALK	Exit	ALASKA AIR GROUP	$0	–	-7,615	–	-0.15%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-4,207	–	-0.15%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-2,956	–	-0.15%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,659	–	-0.15%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-9,559	–	-0.15%	–
AAL	Exit	AMERICAN AIRLINES GROUP	$0	–	-19,325	–	-0.16%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-19,310	–	-0.16%	–
PEP	Exit	PEPSICO INC	$0	–	-3,861	–	-0.16%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-17,433	–	-0.16%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,200	–	-0.16%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-26,630	–	-0.16%	–
SYK	Exit	STRYKER CORP	$0	–	-2,616	–	-0.17%	–
APOG	Exit	APOGEE ENTERPRISES	$0	–	-14,835	–	-0.17%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-6,931	–	-0.17%	–
JEF	Exit	JEFFERIES FINANCIAL GROUP INC	$0	–	-31,795	–	-0.18%	–
DHI	Exit	DR HORTON INC	$0	–	-11,200	–	-0.18%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-3,743	–	-0.18%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-4,994	–	-0.18%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-7,809	–	-0.18%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,450	–	-0.19%	–
KO	Exit	COCA COLA COMPANY	$0	–	-11,429	–	-0.19%	–
AIZ	Exit	ASSURANT INC	$0	–	-5,100	–	-0.19%	–
PXD	Exit	PIONEER NATURAL RES CO	$0	–	-5,326	–	-0.20%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,100	–	-0.20%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-12,215	–	-0.20%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-7,320	–	-0.20%	–
NCR	Exit	NCR CORP NEW	$0	–	-22,220	–	-0.21%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP	$0	–	-56,425	–	-0.21%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-6,118	–	-0.21%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-230,000	–	-0.22%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-16,414	–	-0.22%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-42,023	–	-0.22%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-25,823	–	-0.23%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-4,428	–	-0.23%	–
KN	Exit	KNOWLES CORP	$0	–	-39,545	–	-0.24%	–
PBF	Exit	PBF ENERGY INC	$0	–	-30,583	–	-0.25%	–
FOE	Exit	FERRO CORP	$0	–	-71,128	–	-0.25%	–
WLH	Exit	WILLIAM LYON HOMES-CL A	$0	–	-41,888	–	-0.26%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-25,800	–	-0.26%	–
PNR	Exit	PENTAIR PLC	$0	–	-22,875	–	-0.26%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-5,163	–	-0.26%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-19,410	–	-0.26%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-79,750	–	-0.27%	–
POLY	Exit	PLANTRONICS INC NEW COM	$0	–	-25,229	–	-0.28%	–
ASIX	Exit	ADVANSIX INC	$0	–	-36,565	–	-0.28%	–
FHN	Exit	FIRST HORIZON NATIONAL CORP	$0	–	-60,550	–	-0.29%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-36,240	–	-0.31%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-7,006	–	-0.31%	–
AON	Exit	AON PLC	$0	–	-5,415	–	-0.31%	–
PK	Exit	PARK HOTELS & RESORTS INC	$0	–	-44,256	–	-0.33%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-8,125	–	-0.33%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-10,270	–	-0.35%	–
IIVI	Exit	II-VI INC	$0	–	-33,095	–	-0.35%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-20,576	–	-0.35%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-67,290	–	-0.35%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-10,105	–	-0.38%	–
CR	Exit	CRANE CO	$0	–	-15,919	–	-0.38%	–
TGNA	Exit	TEGNA INC	$0	–	-83,356	–	-0.39%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,371	–	-0.39%	–
LCII	Exit	LCI INDUSTRIES	$0	–	-15,277	–	-0.42%	–
HD	Exit	HOME-DEPOT INC	$0	–	-6,275	–	-0.44%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-21,290	–	-0.44%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-18,752	–	-0.47%	–
CI	Exit	CIGNA CORP	$0	–	-10,675	–	-0.49%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-23,611	–	-0.50%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-33,960	–	-0.51%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-38,411	–	-0.57%	–
ITT	Exit	ITT INC	$0	–	-31,368	–	-0.58%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-12,395	–	-0.58%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-40,373	–	-0.60%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-31,731	–	-0.60%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-82,154	–	-0.62%	–
DOW	Exit	DOW INC	$0	–	-44,107	–	-0.63%	–
SPY	Exit	S P D R S&P 500	$0	–	-7,114	–	-0.63%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,210	–	-0.64%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-54,205	–	-0.74%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-29,476	–	-0.74%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-42,337	–	-0.77%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-39,583	–	-0.77%	–
CCL	Exit	CARNIVAL CORP	$0	–	-63,714	–	-0.84%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-88,596	–	-0.84%	–
SPB	Exit	SPECTRUM BRANDS HOLDINGS INC	$0	–	-54,431	–	-0.86%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-89,311	–	-0.91%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-80,588	–	-0.93%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-36,923	–	-0.96%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-22,353	–	-0.97%	–
ABBV	Exit	ABBVIE INC	$0	–	-43,306	–	-0.98%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-30,708	–	-1.03%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-41,335	–	-1.08%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-194,822	–	-1.09%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-67,453	–	-1.14%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-203,127	–	-1.19%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-96,480	–	-1.21%	–
DISCA	Exit	DISCOVERY, INC - A	$0	–	-158,969	–	-1.27%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-47,105	–	-1.32%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-48,299	–	-1.34%	–
T	Exit	A T & T INC NEW	$0	–	-121,148	–	-1.37%	–
MMM	Exit	3M COMPANY	$0	–	-27,929	–	-1.38%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,910	–	-1.43%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-34,938	–	-1.49%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-51,402	–	-1.53%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-25,032	–	-1.56%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-35,707	–	-1.56%	–
LKQ	Exit	LKQ CORP	$0	–	-167,483	–	-1.58%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-39,229	–	-1.60%	–
CVS	Exit	CVS INC	$0	–	-87,057	–	-1.65%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-43,498	–	-1.69%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-52,048	–	-1.69%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-164,770	–	-1.77%	–
BC	Exit	BRUNSWICK CORP	$0	–	-115,241	–	-1.80%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-77,941	–	-1.83%	–
AFL	Exit	A F L A C INC	$0	–	-118,692	–	-1.86%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-48,685	–	-1.90%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-40,726	–	-1.93%	–
INTC	Exit	INTEL CORP	$0	–	-127,227	–	-1.96%	–
AAPL	Exit	APPLE INC	$0	–	-29,495	–	-1.98%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-32,153	–	-2.00%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-57,443	–	-2.04%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-5,745	–	-2.10%	–
C	Exit	CITIGROUP INC	$0	–	-109,279	–	-2.26%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-141,769	–	-2.45%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-59,978	–	-2.52%	–
ALL	Exit	ALLSTATE CORP	$0	–	-78,655	–	-2.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-81,425	–	-3.39%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$11,321,000	+3.5%	81,425	-0.3%	3.39%	+3.4%
ALL	Sell	ALLSTATE CORP	$8,548,000	+6.3%	78,655	-0.5%	2.56%	+6.2%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$8,407,000	+2.5%	59,978	+0.4%	2.52%	+2.4%
DAL	Sell	DELTA AIRLINES INC	$8,166,000	+1.0%	141,769	-0.5%	2.45%	+0.9%
C	Sell	CITIGROUP INC	$7,549,000	-1.5%	109,279	-0.2%	2.26%	-1.7%
GOOG	Buy	ALPHABET INC-CL C	$7,003,000	+13.2%	5,745	+0.4%	2.10%	+13.1%
AXP	Sell	AMERICAN EXPRESS CO	$6,794,000	-4.8%	57,443	-0.7%	2.04%	-4.9%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$6,688,000	-2.7%	32,153	-0.3%	2.00%	-2.8%
AAPL	Sell	APPLE INC	$6,606,000	+12.7%	29,495	-0.4%	1.98%	+12.6%
INTC	Buy	INTEL CORP	$6,556,000	+9.3%	127,227	+1.6%	1.96%	+9.2%
WHR	Sell	WHIRLPOOL CORP	$6,449,000	+6.1%	40,726	-4.6%	1.93%	+6.0%
DIS	Sell	THE WALT DISNEY CO	$6,345,000	-6.9%	48,685	-0.3%	1.90%	-7.0%
AFL	Sell	A F L A C INC	$6,210,000	-5.8%	118,692	-1.3%	1.86%	-5.9%
OMC	Sell	OMNICOM GROUP INC	$6,103,000	-4.6%	77,941	-0.1%	1.83%	-4.7%
BC	Sell	BRUNSWICK CORP	$6,006,000	+10.8%	115,241	-2.4%	1.80%	+10.7%
PFE	Buy	PFIZER INCORPORATED	$5,920,000	-15.3%	164,770	+2.1%	1.77%	-15.4%
MDT	Sell	MEDTRONIC PLC	$5,653,000	+9.3%	52,048	-2.0%	1.69%	+9.1%
JNJ	Sell	JOHNSON & JOHNSON	$5,628,000	-8.0%	43,498	-0.9%	1.69%	-8.1%
CVS	Sell	CVS INC	$5,491,000	+15.2%	87,057	-0.4%	1.65%	+15.1%
UTX	Sell	UNITED TECHNOLOGIES CORP	$5,356,000	+4.4%	39,229	-0.4%	1.60%	+4.3%
LKQ	Buy	LKQ CORP	$5,267,000	+18.6%	167,483	+0.4%	1.58%	+18.5%
FDX	Buy	FEDEX CORPORATION	$5,198,000	-10.0%	35,707	+1.5%	1.56%	-10.0%
GS	Sell	GOLDMAN SACHS GROUP INC	$5,187,000	+0.9%	25,032	-0.4%	1.56%	+0.8%
KMB	Sell	KIMBERLY-CLARK CORP	$4,963,000	+6.5%	34,938	-0.1%	1.49%	+6.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$4,761,000	-10.8%	21,910	+0.2%	1.43%	-10.9%
MMM	Sell	3M COMPANY	$4,592,000	-6.8%	27,929	-1.8%	1.38%	-7.0%
T	Buy	A T & T INC NEW	$4,584,000	+14.0%	121,148	+0.9%	1.37%	+13.8%
GPI	Sell	GROUP 1 AUTOMOTIVE	$4,458,000	+12.1%	48,299	-0.6%	1.34%	+11.9%
TEL	Sell	TE CONNECTIVITY LTD F	$4,389,000	-5.8%	47,105	-3.1%	1.32%	-5.9%
DISCA	Sell	DISCOVERY, INC - A	$4,233,000	-13.4%	158,969	-0.2%	1.27%	-13.5%
IP	Buy	INTERNATIONAL PAPER	$4,035,000	-1.1%	96,480	+2.4%	1.21%	-1.3%
MPW	Sell	MEDICAL PROPERTIES TRUST INC	$3,973,000	+11.4%	203,127	-0.7%	1.19%	+11.2%
CMP	Sell	COMPASS MINERALS INTERNATIONAL	$3,810,000	+2.7%	67,453	-0.1%	1.14%	+2.5%
ARCC	Buy	ARES CAPITAL CORP	$3,631,000	+5.6%	194,822	+1.7%	1.09%	+5.4%
ADI	Sell	ANALOG DEVICES INC	$3,431,000	-1.6%	30,708	-0.6%	1.03%	-1.7%
ABBV	Buy	ABBVIE INC	$3,279,000	+6.6%	43,306	+2.4%	0.98%	+6.5%
IBM	Buy	INTL BUSINESS MACHINES	$3,251,000	+10.0%	22,353	+4.3%	0.97%	+9.8%
NVS	Sell	NOVARTIS A G SPON ADR	$3,209,000	-5.1%	36,923	-0.2%	0.96%	-5.1%
CNK	Sell	CINEMARK HOLDINGS INC	$3,114,000	+5.7%	80,588	-1.3%	0.93%	+5.5%
SYF	Sell	SYNCHRONY FINANCIAL	$3,045,000	-2.2%	89,311	-0.6%	0.91%	-2.4%
SPB	Sell	SPECTRUM BRANDS HOLDINGS INC	$2,870,000	-2.6%	54,431	-0.7%	0.86%	-2.7%
SU	Buy	SUNCOR ENERGY INC NEW F	$2,798,000	+7.4%	88,596	+5.9%	0.84%	+7.3%
CCL	Sell	CARNIVAL CORP	$2,785,000	-6.2%	63,714	-0.1%	0.84%	-6.3%
EFA	Sell	ISHARES MSCI EAFE ETF	$2,581,000	-1.5%	39,583	-0.7%	0.77%	-1.5%
VZ	Buy	VERIZON COMMUNICATIONS	$2,555,000	+27.3%	42,337	+20.5%	0.77%	+27.2%
ABT	Sell	ABBOTT LABORATORIES	$2,466,000	-1.4%	29,476	-0.8%	0.74%	-1.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$2,140,000	+27.8%	42,210	+14.3%	0.64%	+27.4%
SPY	Sell	S P D R S&P 500	$2,111,000	+0.8%	7,114	-0.5%	0.63%	+0.6%
DOW	New	DOW INC	$2,102,000	–	44,107	–	0.63%	–
AAWW	Buy	ATLAS AIR WORLDWIDE HOLDINGS	$2,073,000	-43.2%	82,154	+0.4%	0.62%	-43.3%
GILD	Buy	GILEAD SCIENCES INC	$2,011,000	-6.2%	31,731	+0.0%	0.60%	-6.2%
DLX	Sell	DELUXE CORPORATION	$1,985,000	+18.8%	40,373	-1.8%	0.60%	+18.8%
ITW	Sell	ILLINOIS TOOL WORKS INC	$1,940,000	+3.0%	12,395	-0.8%	0.58%	+2.8%
ITT	Sell	ITT INC	$1,919,000	-9.3%	31,368	-2.9%	0.58%	-9.4%
CSCO	Buy	CISCO SYSTEMS INC	$1,898,000	-8.5%	38,411	+1.3%	0.57%	-8.7%
AMAT	Sell	APPLIED MATERIALS INC	$1,695,000	+10.8%	33,960	-0.3%	0.51%	+10.7%
XOM	Sell	EXXON MOBIL CORP	$1,667,000	-9.3%	23,611	-1.5%	0.50%	-9.3%
CI	New	CIGNA CORP	$1,620,000	–	10,675	–	0.49%	–
MRK	Buy	MERCK & CO INC NEW	$1,579,000	+3.3%	18,752	+2.8%	0.47%	+3.1%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$1,462,000	-7.6%	21,290	-1.2%	0.44%	-7.8%
HD	Buy	HOME-DEPOT INC	$1,456,000	+11.7%	6,275	+0.2%	0.44%	+11.5%
LCII	Sell	LCI INDUSTRIES	$1,403,000	-0.7%	15,277	-2.7%	0.42%	-0.9%
LMT	Sell	LOCKHEED MARTIN CORP	$1,315,000	+4.8%	3,371	-2.3%	0.39%	+4.5%
TGNA	Sell	TEGNA INC	$1,295,000	+1.3%	83,356	-1.2%	0.39%	+1.3%
CR	Sell	CRANE CO	$1,284,000	-4.3%	15,919	-0.9%	0.38%	-4.2%
PG	Sell	PROCTER & GAMBLE	$1,257,000	+12.5%	10,105	-0.8%	0.38%	+12.5%
CMC	Sell	COMMERCIAL METALS CO	$1,170,000	-3.8%	67,290	-1.2%	0.35%	-3.8%
COP	Buy	CONOCOPHILLIPS	$1,172,000	-6.4%	20,576	+0.2%	0.35%	-6.6%
IIVI	Buy	II-VI INC	$1,165,000	+80.3%	33,095	+87.2%	0.35%	+79.9%
LSTR	Sell	LANDSTAR SYSTEM INC	$1,156,000	+2.2%	10,270	-1.9%	0.35%	+2.1%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$1,115,000	+11.7%	8,125	-4.1%	0.33%	+11.7%
PK	New	PARK HOTELS & RESORTS INC	$1,105,000	–	44,256	–	0.33%	–
TRV	Sell	TRAVELERS COMPANIES INC	$1,042,000	-1.0%	7,006	-0.5%	0.31%	-1.3%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$1,036,000	-9.7%	36,240	-2.4%	0.31%	-9.9%
FHN	New	FIRST HORIZON NATIONAL CORP	$981,000	–	60,550	–	0.29%	–
ASIX	Sell	ADVANSIX INC	$940,000	+4.4%	36,565	-0.8%	0.28%	+4.4%
POLY	Buy	PLANTRONICS INC NEW COM	$942,000	+6.2%	25,229	+5.4%	0.28%	+6.0%
SFE	Sell	SAFEGUARD SCIENT INC NEW	$904,000	-8.0%	79,750	-2.1%	0.27%	-8.1%
CMCSA	Buy	COMCAST CORP CL A	$875,000	+7.2%	19,410	+0.5%	0.26%	+6.9%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$867,000	-7.7%	5,163	-4.9%	0.26%	-7.8%
PNR	Buy	PENTAIR PLC	$865,000	+2.0%	22,875	+0.3%	0.26%	+2.0%
MLR	Sell	MILLER INDS INC TENN COM NEW	$859,000	+7.2%	25,800	-1.0%	0.26%	+7.1%
WLH	Sell	WILLIAM LYON HOMES-CL A	$853,000	+9.5%	41,888	-2.0%	0.26%	+9.4%
FOE	Sell	FERRO CORP	$844,000	-25.2%	71,128	-0.4%	0.25%	-25.1%
PBF	Sell	PBF ENERGY INC	$832,000	-15.4%	30,583	-2.6%	0.25%	-15.6%
KN	Sell	KNOWLES CORP	$804,000	-45.3%	39,545	-50.7%	0.24%	-45.4%
BAC	Sell	BANK OF AMERICA CORP	$753,000	-1.3%	25,823	-1.9%	0.23%	-1.3%
PDCO	Sell	PATTERSON COS INC	$749,000	-23.6%	42,023	-1.9%	0.22%	-23.8%
JCI	Sell	JOHNSON CONTROLS INC	$720,000	+4.8%	16,414	-1.3%	0.22%	+4.9%
TIP	Sell	ISHARES TR BARCLAYS TIPS BOND	$711,000	+0.4%	6,118	-0.2%	0.21%	+0.5%
NYCB	Sell	NEW YORK COMMUNITY BANCORP	$708,000	+24.4%	56,425	-1.0%	0.21%	+24.0%
NCR	Sell	NCR CORP NEW	$701,000	-0.8%	22,220	-2.3%	0.21%	-0.9%
MKSI	Sell	MKS INSTRUMENTS INC	$675,000	+15.0%	7,320	-2.9%	0.20%	+14.8%
KO	Sell	COCA COLA COMPANY	$622,000	+5.8%	11,429	-1.1%	0.19%	+5.7%
PGR	Buy	PROGRESSIVE CORP	$603,000	-3.2%	7,809	+0.1%	0.18%	-3.2%
IWN	Sell	ISHARES RUSSELL 2000 VALUE	$596,000	-1.2%	4,994	-0.3%	0.18%	-1.1%
HELE	Sell	HELEN OF TROY LTD	$590,000	+17.8%	3,743	-2.5%	0.18%	+18.0%
JEF	Sell	JEFFERIES FINANCIAL GROUP INC	$585,000	-6.8%	31,795	-2.6%	0.18%	-6.9%
AMG	Buy	AFFILIATED MANAGERS GROUP	$578,000	+10.9%	6,931	+22.7%	0.17%	+10.9%
APOG	Sell	APOGEE ENTERPRISES	$578,000	-14.4%	14,835	-4.6%	0.17%	-14.8%
NOMD	Buy	NOMAD FOODS LTD	$546,000	+18.7%	26,630	+23.7%	0.16%	+18.8%
CAG	Sell	CONAGRA FOODS INC	$535,000	-12.9%	17,433	-24.8%	0.16%	-13.0%
PEP	Buy	PEPSICO INC	$529,000	+4.8%	3,861	+0.3%	0.16%	+4.6%
VGK	Sell	VANGUARD FTSE EUROPE ETF	$512,000	-13.8%	9,559	-11.6%	0.15%	-14.0%
IWS	Sell	iSHARES RUSSELL MIDCAP VALUE	$508,000	+0.4%	5,659	-0.4%	0.15%	0.0%
HON	Buy	HONEYWELL INTERNATIONAL	$500,000	-2.9%	2,956	+0.2%	0.15%	-3.2%
CVX	Buy	CHEVRON CORPORATION	$499,000	-3.9%	4,207	+0.8%	0.15%	-3.8%
ASB	Sell	ASSOCIATED BANC-CORP	$486,000	-7.1%	24,020	-2.8%	0.15%	-7.0%
AGG	Sell	iSHARES BARCLAYS AGGREGATE BON	$398,000	+1.3%	3,514	-0.4%	0.12%	+0.8%
APA	Sell	APACHE CORP	$375,000	-20.0%	14,630	-9.7%	0.11%	-20.6%
CPRI	Sell	CAPRI HOLDINGS LTD	$345,000	-25.8%	10,400	-22.4%	0.10%	-26.4%
AINV	Sell	APOLLO INVESTMENT CORP	$328,000	0.0%	20,356	-1.9%	0.10%	0.0%
ACU	Sell	ACME UNITED CORP	$312,000	-14.5%	15,600	-3.4%	0.09%	-14.5%
UFPT	Sell	UFP TECHNOLOGIES INC	$286,000	-9.2%	7,405	-2.2%	0.09%	-9.5%
FPH	Sell	FIVE POINT HOLDINGS LLC	$260,000	-2.3%	34,610	-2.3%	0.08%	-2.5%
HI	Sell	HILLENBRAND INC	$243,000	-24.3%	7,875	-2.8%	0.07%	-24.0%
MOD	Sell	MODINE MANUFACTURING CO	$240,000	-22.6%	21,125	-2.4%	0.07%	-22.6%
DOV	Buy	DOVER CORPORATION	$241,000	+0.4%	2,421	+0.9%	0.07%	0.0%
ADP	Buy	AUTOMATIC DATA PROCESSING	$227,000	-1.7%	1,407	+0.5%	0.07%	-1.4%
ROSEQ	Sell	ROSEHILL RESOURCES INC	$205,000	-48.8%	104,925	-3.0%	0.06%	-49.2%
GPX	Sell	GP STRATEGIES CORP	$147,000	-17.9%	11,460	-3.6%	0.04%	-18.5%
PNNT	Sell	PENNANTPARK INVESTMENT CORP	$121,000	-5.5%	19,375	-4.0%	0.04%	-5.3%
CMT	Sell	CORE MOLDING TECHNOLOGIES	$85,000	-15.8%	13,200	-2.4%	0.02%	-16.7%
RRC	Sell	RANGE RESOURCES CORP DEL	$77,000	-47.6%	20,120	-4.5%	0.02%	-47.7%
ECA	Exit	ENCANA CORP	$0	–	-10,657	–	-0.02%	–
TA	Exit	TRAVELCENTERS OF AMERICA LLC	$0	–	-30,070	–	-0.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,255	–	-0.06%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-5,378	–	-0.06%	–
CXO	Exit	CONCHO RESOURCES INC	$0	–	-2,300	–	-0.07%	–
TGT	Exit	TARGET CORP COM	$0	–	-2,990	–	-0.08%	–
ALC	Exit	ALCON INC	$0	–	-7,296	–	-0.14%	–
CI	Exit	CIGNA CORP	$0	–	-6,765	–	-0.32%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-63,215	–	-0.54%	–
COHR	Exit	COHERENT INC	$0	–	-15,830	–	-0.65%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$10,937,000	–	81,645	–	3.28%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$8,202,000	–	59,743	–	2.46%	–
DAL	New	DELTA AIRLINES INC	$8,082,000	–	142,414	–	2.42%	–
ALL	New	ALLSTATE CORP	$8,041,000	–	79,075	–	2.41%	–
C	New	CITIGROUP INC	$7,665,000	–	109,449	–	2.30%	–
AXP	New	AMERICAN EXPRESS CO	$7,138,000	–	57,828	–	2.14%	–
PFE	New	PFIZER INCORPORATED	$6,991,000	–	161,386	–	2.10%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$6,873,000	–	32,242	–	2.06%	–
DIS	New	THE WALT DISNEY CO	$6,817,000	–	48,815	–	2.05%	–
AFL	New	A F L A C INC	$6,591,000	–	120,256	–	1.98%	–
OMC	New	OMNICOM GROUP INC	$6,396,000	–	78,051	–	1.92%	–
GOOG	New	ALPHABET INC-CL C	$6,184,000	–	5,721	–	1.86%	–
JNJ	New	JOHNSON & JOHNSON	$6,116,000	–	43,911	–	1.84%	–
WHR	New	WHIRLPOOL CORP	$6,076,000	–	42,681	–	1.82%	–
INTC	New	INTEL CORP	$5,997,000	–	125,284	–	1.80%	–
AAPL	New	APPLE INC	$5,863,000	–	29,621	–	1.76%	–
FDX	New	FEDEX CORPORATION	$5,773,000	–	35,162	–	1.73%	–
BC	New	BRUNSWICK CORP	$5,419,000	–	118,094	–	1.63%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,338,000	–	21,875	–	1.60%	–
GPC	New	GENUINE PARTS CO	$5,324,000	–	51,402	–	1.60%	–
MDT	New	MEDTRONIC PLC	$5,174,000	–	53,128	–	1.55%	–
GS	New	GOLDMAN SACHS GROUP INC	$5,142,000	–	25,132	–	1.54%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,128,000	–	39,384	–	1.54%	–
MMM	New	3M COMPANY	$4,929,000	–	28,434	–	1.48%	–
DISCA	New	DISCOVERY, INC - A	$4,889,000	–	159,244	–	1.47%	–
CVS	New	CVS INC	$4,765,000	–	87,442	–	1.43%	–
KMB	New	KIMBERLY-CLARK CORP	$4,661,000	–	34,975	–	1.40%	–
TEL	New	TE CONNECTIVITY LTD F	$4,657,000	–	48,625	–	1.40%	–
LKQ	New	LKQ CORP	$4,440,000	–	166,858	–	1.33%	–
IP	New	INTERNATIONAL PAPER	$4,081,000	–	94,200	–	1.22%	–
T	New	A T & T INC NEW	$4,022,000	–	120,018	–	1.21%	–
GPI	New	GROUP 1 AUTOMOTIVE	$3,978,000	–	48,574	–	1.19%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$3,711,000	–	67,533	–	1.11%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$3,652,000	–	81,814	–	1.10%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$3,568,000	–	204,597	–	1.07%	–
ADI	New	ANALOG DEVICES INC	$3,486,000	–	30,887	–	1.05%	–
ARCC	New	ARES CAPITAL CORP	$3,438,000	–	191,647	–	1.03%	–
BAX	New	BAXTER INTERNATIONAL	$3,385,000	–	41,335	–	1.02%	–
NVS	New	NOVARTIS A G SPON ADR	$3,380,000	–	37,013	–	1.01%	–
SYF	New	SYNCHRONY FINANCIAL	$3,115,000	–	89,851	–	0.94%	–
ABBV	New	ABBVIE INC	$3,075,000	–	42,288	–	0.92%	–
CCL	New	CARNIVAL CORP	$2,968,000	–	63,764	–	0.89%	–
IBM	New	INTL BUSINESS MACHINES	$2,956,000	–	21,433	–	0.89%	–
CNK	New	CINEMARK HOLDINGS INC	$2,946,000	–	81,613	–	0.88%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC	$2,947,000	–	54,801	–	0.88%	–
EFA	New	ISHARES MSCI EAFE ETF	$2,620,000	–	39,863	–	0.79%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,606,000	–	83,641	–	0.78%	–
ABT	New	ABBOTT LABORATORIES	$2,500,000	–	29,722	–	0.75%	–
BK	New	BANK OF NY MELLON CP NEW	$2,393,000	–	54,205	–	0.72%	–
COHR	New	COHERENT INC	$2,159,000	–	15,830	–	0.65%	–
GILD	New	GILEAD SCIENCES INC	$2,143,000	–	31,721	–	0.64%	–
ITT	New	ITT INC	$2,115,000	–	32,293	–	0.64%	–
SPY	New	S P D R S&P 500	$2,095,000	–	7,150	–	0.63%	–
CSCO	New	CISCO SYSTEMS INC	$2,075,000	–	37,920	–	0.62%	–
VZ	New	VERIZON COMMUNICATIONS	$2,007,000	–	35,139	–	0.60%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,884,000	–	12,491	–	0.56%	–
XOM	New	EXXON MOBIL CORP	$1,837,000	–	23,972	–	0.55%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$1,797,000	–	63,215	–	0.54%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,675,000	–	36,930	–	0.50%	–
DLX	New	DELUXE CORPORATION	$1,671,000	–	41,108	–	0.50%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,583,000	–	21,540	–	0.48%	–
AMAT	New	APPLIED MATERIALS INC	$1,530,000	–	34,060	–	0.46%	–
MRK	New	MERCK & CO INC NEW	$1,529,000	–	18,235	–	0.46%	–
KN	New	KNOWLES CORP	$1,470,000	–	80,270	–	0.44%	–
LCII	New	LCI INDUSTRIES	$1,413,000	–	15,702	–	0.42%	–
CR	New	CRANE CO	$1,341,000	–	16,069	–	0.40%	–
HD	New	HOME-DEPOT INC	$1,303,000	–	6,265	–	0.39%	–
TGNA	New	TEGNA INC	$1,278,000	–	84,326	–	0.38%	–
LMT	New	LOCKHEED MARTIN CORP	$1,255,000	–	3,451	–	0.38%	–
COP	New	CONOCOPHILLIPS	$1,252,000	–	20,530	–	0.38%	–
CMC	New	COMMERCIAL METALS CO	$1,216,000	–	68,100	–	0.36%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$1,147,000	–	37,115	–	0.34%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,131,000	–	10,470	–	0.34%	–
FOE	New	FERRO CORP	$1,128,000	–	71,393	–	0.34%	–
PG	New	PROCTER & GAMBLE	$1,117,000	–	10,190	–	0.34%	–
CI	New	CIGNA CORP	$1,066,000	–	6,765	–	0.32%	–
TRV	New	TRAVELERS COMPANIES INC	$1,053,000	–	7,043	–	0.32%	–
AON	New	AON PLC	$1,045,000	–	5,415	–	0.31%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$998,000	–	8,475	–	0.30%	–
PBF	New	PBF ENERGY INC	$983,000	–	31,413	–	0.30%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$983,000	–	81,475	–	0.30%	–
PDCO	New	PATTERSON COS INC	$981,000	–	42,833	–	0.29%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$939,000	–	5,428	–	0.28%	–
ASIX	New	ADVANSIX INC	$900,000	–	36,855	–	0.27%	–
POLY	New	PLANTRONICS INC NEW COM	$887,000	–	23,944	–	0.27%	–
PNR	New	PENTAIR PLC	$848,000	–	22,800	–	0.25%	–
PXD	New	PIONEER NATURAL RES CO	$819,000	–	5,326	–	0.25%	–
CMCSA	New	COMCAST CORP CL A	$816,000	–	19,310	–	0.24%	–
MLR	New	MILLER INDS INC TENN COM NEW	$801,000	–	26,055	–	0.24%	–
WLH	New	WILLIAM LYON HOMES-CL A	$779,000	–	42,733	–	0.23%	–
BAC	New	BANK OF AMERICA CORP	$763,000	–	26,324	–	0.23%	–
MSI	New	MOTOROLA SOLUTIONS INC	$738,000	–	4,428	–	0.22%	–
NCR	New	NCR CORP NEW	$707,000	–	22,745	–	0.21%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$708,000	–	6,130	–	0.21%	–
ORCL	New	ORACLE CORPORATION	$696,000	–	12,215	–	0.21%	–
JCI	New	JOHNSON CONTROLS INC	$687,000	–	16,622	–	0.21%	–
APOG	New	APOGEE ENTERPRISES	$675,000	–	15,550	–	0.20%	–
	New	PURE TECH HEALTH PLC	$667,000	–	230,000	–	0.20%	–
IIVI	New	II-VI INC	$646,000	–	17,680	–	0.19%	–
AAL	New	AMERICAN AIRLINES GROUP	$630,000	–	19,325	–	0.19%	–
JEF	New	JEFFERIES FINANCIAL GROUP INC	$628,000	–	32,645	–	0.19%	–
PGR	New	PROGRESSIVE CORP	$623,000	–	7,800	–	0.19%	–
ED	New	CONSOLIDATED EDISON INC	$623,000	–	7,100	–	0.19%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$618,000	–	3,450	–	0.18%	–
CAG	New	CONAGRA FOODS INC	$614,000	–	23,168	–	0.18%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$603,000	–	5,008	–	0.18%	–
EOG	New	E O G RESOURCES INC	$596,000	–	6,400	–	0.18%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$594,000	–	10,819	–	0.18%	–
KO	New	COCA COLA COMPANY	$588,000	–	11,555	–	0.18%	–
MKSI	New	MKS INSTRUMENTS INC	$587,000	–	7,535	–	0.18%	–
VRTX	New	VERTEX PHARMACEUTICALS	$587,000	–	3,200	–	0.18%	–
NYCB	New	NEW YORK COMMUNITY BANCORP	$569,000	–	56,975	–	0.17%	–
AIZ	New	ASSURANT INC	$543,000	–	5,100	–	0.16%	–
FITB	New	FIFTH THIRD BANCORP	$539,000	–	19,310	–	0.16%	–
SYK	New	STRYKER CORP	$538,000	–	2,616	–	0.16%	–
ASB	New	ASSOCIATED BANC-CORP	$523,000	–	24,720	–	0.16%	–
CVX	New	CHEVRON CORPORATION	$519,000	–	4,172	–	0.16%	–
AMG	New	AFFILIATED MANAGERS GROUP	$521,000	–	5,651	–	0.16%	–
HON	New	HONEYWELL INTERNATIONAL	$515,000	–	2,950	–	0.16%	–
PEP	New	PEPSICO INC	$505,000	–	3,850	–	0.15%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$506,000	–	5,680	–	0.15%	–
HELE	New	HELEN OF TROY LTD	$501,000	–	3,838	–	0.15%	–
ALK	New	ALASKA AIR GROUP	$487,000	–	7,615	–	0.15%	–
DHI	New	DR HORTON INC	$483,000	–	11,200	–	0.14%	–
APA	New	APACHE CORP	$469,000	–	16,205	–	0.14%	–
CPRI	New	CAPRI HOLDINGS LTD	$465,000	–	13,400	–	0.14%	–
NOMD	New	NOMAD FOODS LTD	$460,000	–	21,530	–	0.14%	–
BDX	New	BECTON DICKINSON & CO	$459,000	–	1,820	–	0.14%	–
ALC	New	ALCON INC	$453,000	–	7,296	–	0.14%	–
NTR	New	NUTRIEN LTD	$449,000	–	8,392	–	0.14%	–
RDSB	New	ROYAL DUTCH SHELL PLC SPONS	$419,000	–	6,377	–	0.13%	–
BOND	New	PIMCO TOTAL RETURN ETF	$405,000	–	3,770	–	0.12%	–
ROSEQ	New	ROSEHILL RESOURCES INC	$400,000	–	108,225	–	0.12%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$392,000	–	9,129	–	0.12%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$393,000	–	3,529	–	0.12%	–
LM	New	LEGG MASON INC	$387,000	–	10,110	–	0.12%	–
VTR	New	VENTAS INC	$381,000	–	5,580	–	0.11%	–
ACU	New	ACME UNITED CORP	$365,000	–	16,150	–	0.11%	–
UAL	New	UNITED CONTINENTAL HOLDINGS	$350,000	–	4,000	–	0.10%	–
DVN	New	DEVON ENERGY CP NEW	$338,000	–	11,850	–	0.10%	–
AINV	New	APOLLO INVESTMENT CORP	$328,000	–	20,756	–	0.10%	–
HI	New	HILLENBRAND INC	$321,000	–	8,100	–	0.10%	–
UFPT	New	UFP TECHNOLOGIES INC	$315,000	–	7,570	–	0.10%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$318,000	–	1	–	0.10%	–
MOD	New	MODINE MANUFACTURING CO	$310,000	–	21,650	–	0.09%	–
LEN	New	LENNAR CORP-A	$296,000	–	6,100	–	0.09%	–
AMGN	New	AMGEN INCORPORATED	$283,000	–	1,538	–	0.08%	–
FPH	New	FIVE POINT HOLDINGS LLC	$266,000	–	35,410	–	0.08%	–
VEEV	New	VEEVA SYSTEMS INC	$259,000	–	1,600	–	0.08%	–
TGT	New	TARGET CORP COM	$259,000	–	2,990	–	0.08%	–
DISCK	New	DISCOVERY COMMUNICATIONS-C	$250,000	–	8,800	–	0.08%	–
PKG	New	PACKAGING CORP OF AMERICA	$243,000	–	2,550	–	0.07%	–
FLS	New	FLOWSERVE CORPORATION	$241,000	–	4,575	–	0.07%	–
DOV	New	DOVER CORPORATION	$240,000	–	2,400	–	0.07%	–
GOOGL	New	ALPHABET INC-CL A	$238,000	–	220	–	0.07%	–
CXO	New	CONCHO RESOURCES INC	$237,000	–	2,300	–	0.07%	–
ADP	New	AUTOMATIC DATA PROCESSING	$231,000	–	1,400	–	0.07%	–
	New	OTTER TAIL POWER	$222,000	–	4,200	–	0.07%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$223,000	–	7,125	–	0.07%	–
KMI	New	KINDER MORGAN INC	$219,000	–	10,490	–	0.07%	–
CELG	New	CELGENE CORP	$216,000	–	2,340	–	0.06%	–
DUK	New	DUKE ENERGY CORP NEW	$215,000	–	2,441	–	0.06%	–
SLB	New	SCHLUMBERGER LTD	$214,000	–	5,378	–	0.06%	–
MO	New	ALTRIA GROUP INC	$201,000	–	4,255	–	0.06%	–
GPX	New	GP STRATEGIES CORP	$179,000	–	11,890	–	0.05%	–
RRC	New	RANGE RESOURCES CORP DEL	$147,000	–	21,070	–	0.04%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$128,000	–	20,175	–	0.04%	–
TA	New	TRAVELCENTERS OF AMERICA LLC	$109,000	–	30,070	–	0.03%	–
CMT	New	CORE MOLDING TECHNOLOGIES	$101,000	–	13,525	–	0.03%	–
ECA	New	ENCANA CORP	$55,000	–	10,657	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
AMSE	Exit	AMERICAN SANDS ENERGY CORP	$0	–	-204,521	–	-0.00%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-13,675	–	-0.02%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-20,175	–	-0.04%	–
TEF	Exit	TELEFONICA SPON ADR	$0	–	-20,629	–	-0.04%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-14,460	–	-0.04%	–
	Exit	OTTER TAIL POWER	$0	–	-4,200	–	-0.06%	–
GPX	Exit	GP STRATEGIES CORP	$0	–	-12,390	–	-0.06%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,400	–	-0.06%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,410	–	-0.06%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-7,425	–	-0.06%	–
EBAY	Exit	EBAY INC	$0	–	-6,700	–	-0.06%	–
SCHZ	Exit	SCHWAB US AGG BOND ETF	$0	–	-4,675	–	-0.06%	–
FLS	Exit	FLOWSERVE CORPORATION	$0	–	-4,575	–	-0.07%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS-C	$0	–	-8,800	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,370	–	-0.07%	–
TGT	Exit	TARGET CORP COM	$0	–	-2,990	–	-0.07%	–
SCHA	Exit	SCHWAB US SMALL-CAP ETF	$0	–	-3,525	–	-0.07%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-14,200	–	-0.07%	–
GOOGL	Exit	GOOGLE INC-CL A	$0	–	-220	–	-0.07%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-4,000	–	-0.07%	–
SCHM	Exit	SCHWAB US MID CAP ETF	$0	–	-4,775	–	-0.08%	–
VTR	Exit	VENTAS INC	$0	–	-5,580	–	-0.08%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-2,893	–	-0.09%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.09%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-60,355	–	-0.09%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-22,250	–	-0.09%	–
HI	Exit	HILLENBRAND INC	$0	–	-6,550	–	-0.09%	–
CXO	Exit	CONCHO RESOURCES INC	$0	–	-2,300	–	-0.10%	–
LEN	Exit	LENNAR CORP-A	$0	–	-7,600	–	-0.10%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGS	$0	–	-4,000	–	-0.10%	–
FPH	Exit	FIVE POINT HOLDINGS LLC	$0	–	-40,475	–	-0.10%	–
ACU	Exit	ACME UNITED CORP	$0	–	-17,950	–	-0.10%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,770	–	-0.11%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,768	–	-0.11%	–
RRC	Exit	RANGE RESOURCES CORP DEL	$0	–	-23,895	–	-0.11%	–
AGN	Exit	ALLERGAN INC	$0	–	-2,120	–	-0.11%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-2,046	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-3,850	–	-0.12%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-6,377	–	-0.12%	–
GME	Exit	GAMESTOP CORP CLASS A	$0	–	-30,165	–	-0.13%	–
SYK	Exit	STRYKER CORP	$0	–	-2,616	–	-0.13%	–
DHI	Exit	DR HORTON INC	$0	–	-11,200	–	-0.13%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-11,900	–	-0.13%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-11,905	–	-0.14%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-3,165	–	-0.14%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,045	–	-0.15%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,932	–	-0.15%	–
KO	Exit	COCA COLA COMPANY	$0	–	-11,705	–	-0.15%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,130	–	-0.15%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-4,490	–	-0.15%	–
AIZ	Exit	ASSURANT INC	$0	–	-5,100	–	-0.15%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-19,910	–	-0.15%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-7,800	–	-0.15%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-4,400	–	-0.16%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-9,508	–	-0.16%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-278,043	–	-0.16%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP	$0	–	-58,775	–	-0.17%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,200	–	-0.17%	–
ALK	Exit	ALASKA AIR GROUP	$0	–	-9,340	–	-0.18%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-25,210	–	-0.18%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-11,669	–	-0.18%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,700	–	-0.18%	–
WLH	Exit	WILLIAM LYON HOMES-CL A	$0	–	-41,600	–	-0.18%	–
NTR	Exit	NUTRIEN LTD	$0	–	-11,482	–	-0.18%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-4,989	–	-0.18%	–
GOOG	Exit	GOOGLE INC-CL C	$0	–	-561	–	-0.18%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-8,395	–	-0.18%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-5,170	–	-0.18%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-19,625	–	-0.19%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-6,378	–	-0.19%	–
JEF	Exit	JEFFERIES FINANCIAL GROUP INC	$0	–	-34,775	–	-0.21%	–
ROSEQ	Exit	ROSEHILL RESOURCES INC	$0	–	-126,850	–	-0.21%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-26,887	–	-0.22%	–
AAL	Exit	AMERICAN AIRLINES GROUP	$0	–	-19,325	–	-0.22%	–
EOG	Exit	E O G RESOURCES INC	$0	–	-6,400	–	-0.22%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-24,558	–	-0.23%	–
JHG	Exit	JANUS HENDERSON GROUP PLC	$0	–	-31,434	–	-0.23%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-4,920	–	-0.23%	–
NCR	Exit	NCR CORP NEW	$0	–	-30,350	–	-0.24%	–
AON	Exit	AON PLC	$0	–	-5,600	–	-0.24%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-10,805	–	-0.25%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-17,515	–	-0.25%	–
L	Exit	LOEWS CORP	$0	–	-18,170	–	-0.25%	–
LM	Exit	LEGG MASON INC	$0	–	-29,260	–	-0.25%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-7,093	–	-0.25%	–
APA	Exit	APACHE CORP	$0	–	-19,360	–	-0.25%	–
APOG	Exit	APOGEE ENTERPRISES	$0	–	-22,375	–	-0.25%	–
PXD	Exit	PIONEER NATURAL RES CO	$0	–	-5,795	–	-0.28%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-44,665	–	-0.30%	–
TGNA	Exit	TEGNA INC	$0	–	-96,370	–	-0.32%	–
LEA	Exit	LEAR CORPORATION	$0	–	-8,008	–	-0.32%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-43,450	–	-0.32%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-33,659	–	-0.32%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-126,650	–	-0.32%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-20,885	–	-0.33%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-59,200	–	-0.34%	–
AGX	Exit	ARGAN INC	$0	–	-29,515	–	-0.35%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-9,663	–	-0.35%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-34,740	–	-0.35%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-44,445	–	-0.36%	–
CI	Exit	CIGNA CORP	$0	–	-6,765	–	-0.39%	–
AET	Exit	AETNA INC	$0	–	-6,999	–	-0.39%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-36,900	–	-0.39%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-20,407	–	-0.40%	–
LCII	Exit	LCI INDUSTRIES	$0	–	-18,180	–	-0.41%	–
CR	Exit	CRANE CO	$0	–	-15,345	–	-0.41%	–
KN	Exit	KNOWLES CORP	$0	–	-92,845	–	-0.42%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-77,190	–	-0.43%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-21,484	–	-0.46%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-13,835	–	-0.46%	–
PRA	Exit	PROASSURANCE CORPORATION	$0	–	-36,385	–	-0.47%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-23,565	–	-0.49%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-35,940	–	-0.53%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-14,747	–	-0.57%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-25,418	–	-0.59%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-35,175	–	-0.60%	–
FNSR	Exit	FINISAR CORPORATION	$0	–	-118,130	–	-0.62%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-47,417	–	-0.63%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-73,100	–	-0.64%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-32,812	–	-0.66%	–
PHM	Exit	PULTEGROUP INC	$0	–	-102,250	–	-0.69%	–
ITT	Exit	ITT INC	$0	–	-41,702	–	-0.70%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-37,427	–	-0.79%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-57,175	–	-0.80%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-96,225	–	-0.82%	–
SPY	Exit	S P D R S&P 500	$0	–	-10,778	–	-0.86%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-184,591	–	-0.87%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-42,579	–	-0.90%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-35,655	–	-0.90%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-85,283	–	-0.90%	–
COHR	Exit	COHERENT INC	$0	–	-19,938	–	-0.94%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-39,965	–	-0.94%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-232,490	–	-0.95%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-87,375	–	-0.96%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-51,735	–	-0.96%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-55,715	–	-0.99%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-24,483	–	-1.01%	–
ABBV	Exit	ABBVIE INC	$0	–	-42,075	–	-1.09%	–
SPB	Exit	SPECTRUM BRANDS HOLDINGS INC	$0	–	-54,775	–	-1.12%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-36,793	–	-1.14%	–
T	Exit	A T & T INC NEW	$0	–	-130,059	–	-1.20%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-73,585	–	-1.28%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-53,817	–	-1.30%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-98,591	–	-1.33%	–
L100PS	Exit	ARCONIC CORP	$0	–	-229,633	–	-1.38%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-80,990	–	-1.49%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-54,816	–	-1.49%	–
LKQ	Exit	LKQ CORP	$0	–	-172,320	–	-1.49%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-55,510	–	-1.50%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-81,750	–	-1.52%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-47,105	–	-1.53%	–
DISCA	Exit	DISCOVERY, INC - A	$0	–	-175,855	–	-1.54%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-42,775	–	-1.64%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-51,534	–	-1.65%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-27,647	–	-1.70%	–
AFL	Exit	A F L A C INC	$0	–	-133,830	–	-1.72%	–
CVS	Exit	CVS INC	$0	–	-83,347	–	-1.80%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-62,629	–	-1.83%	–
INTC	Exit	INTEL CORP	$0	–	-141,503	–	-1.83%	–
MMM	Exit	3M COMPANY	$0	–	-31,892	–	-1.84%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-25,331	–	-1.85%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-49,027	–	-1.86%	–
C	Exit	CITIGROUP INC	$0	–	-95,179	–	-1.87%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-33,511	–	-1.96%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-30,271	–	-2.00%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-165,639	–	-2.00%	–
BC	Exit	BRUNSWICK CORP	$0	–	-119,908	–	-2.20%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-59,031	–	-2.20%	–
ALL	Exit	ALLSTATE CORP	$0	–	-87,290	–	-2.36%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-152,910	–	-2.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-115,478	–	-3.62%	–

Q3 2018

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$13,207,000	+14.9%	115,478	-0.9%	3.62%	+8.9%
DAL	Sell	DELTA AIRLINES INC	$8,843,000	+15.8%	152,910	-0.8%	2.42%	+9.8%
ALL	Sell	ALLSTATE CORP	$8,616,000	+7.8%	87,290	-0.3%	2.36%	+2.2%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$8,039,000	+1.0%	59,031	+0.2%	2.20%	-4.3%
BC	Sell	BRUNSWICK CORP	$8,036,000	+2.0%	119,908	-1.9%	2.20%	-3.3%
PFE	Buy	PFIZER INCORPORATED	$7,300,000	+21.7%	165,639	+0.2%	2.00%	+15.3%
FDX	Buy	FEDEX CORPORATION	$7,289,000	+7.1%	30,271	+1.0%	2.00%	+1.5%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$7,175,000	+14.5%	33,511	-0.2%	1.96%	+8.6%
C	Sell	CITIGROUP INC	$6,828,000	+6.4%	95,179	-0.7%	1.87%	+0.9%
JNJ	Sell	JOHNSON & JOHNSON	$6,774,000	+13.4%	49,027	-0.4%	1.86%	+7.5%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,739,000	+7.5%	25,331	-0.9%	1.85%	+1.9%
MMM	Sell	3M COMPANY	$6,720,000	+6.0%	31,892	-1.0%	1.84%	+0.5%
INTC	Sell	INTEL CORP	$6,692,000	-5.2%	141,503	-0.4%	1.83%	-10.1%
AXP	Sell	AMERICAN EXPRESS CO	$6,669,000	+8.5%	62,629	-0.1%	1.83%	+2.9%
CVS	Buy	CVS INC	$6,561,000	+22.5%	83,347	+0.2%	1.80%	+16.2%
AFL	Sell	A F L A C INC	$6,299,000	+9.2%	133,830	-0.2%	1.72%	+3.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$6,200,000	+1.5%	27,647	-0.1%	1.70%	-3.7%
DIS	Sell	THE WALT DISNEY CO	$6,026,000	+11.4%	51,534	-0.2%	1.65%	+5.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$5,980,000	+11.6%	42,775	-0.2%	1.64%	+5.8%
DISCA	Sell	DISCOVERY, INC - A	$5,627,000	+12.8%	175,855	-3.1%	1.54%	+6.9%
WHR	Buy	WHIRLPOOL CORP	$5,594,000	-5.3%	47,105	+16.6%	1.53%	-10.3%
OMC	Sell	OMNICOM GROUP INC	$5,561,000	-11.6%	81,750	-0.9%	1.52%	-16.2%
MDT	Sell	MEDTRONIC PLC	$5,461,000	+14.7%	55,510	-0.2%	1.50%	+8.7%
LKQ	Sell	LKQ CORP	$5,457,000	-1.6%	172,320	-0.9%	1.49%	-6.7%
GPC	Sell	GENUINE PARTS CO	$5,449,000	+8.2%	54,816	-0.1%	1.49%	+2.5%
CMP	Sell	COMPASS MINERALS INTERNATIONAL	$5,443,000	+1.5%	80,990	-0.7%	1.49%	-3.8%
L100PS	Buy	ARCONIC CORP	$5,054,000	+29.8%	229,633	+0.3%	1.38%	+23.0%
IP	Buy	INTERNATIONAL PAPER	$4,846,000	-5.3%	98,591	+0.4%	1.33%	-10.2%
TEL	Sell	TE CONNECTIVITY LTD F	$4,732,000	-2.6%	53,817	-0.2%	1.30%	-7.7%
AAWW	Buy	ATLAS AIR WORLDWIDE HOLDINGS	$4,691,000	-9.7%	73,585	+1.6%	1.28%	-14.4%
T	Buy	A T & T INC NEW	$4,367,000	+5.8%	130,059	+1.2%	1.20%	+0.3%
KMB	Sell	KIMBERLY-CLARK CORP	$4,181,000	+7.7%	36,793	-0.2%	1.14%	+2.0%
SPB	Buy	SPECTRUM BRANDS HOLDINGS INC	$4,093,000	+573.2%	54,775	+635.7%	1.12%	+536.9%
ABBV	Sell	ABBVIE INC	$3,979,000	+0.4%	42,075	-1.7%	1.09%	-4.8%
IBM	Sell	INTL BUSINESS MACHINES	$3,702,000	+7.4%	24,483	-0.8%	1.01%	+1.8%
GPI	Sell	GROUP 1 AUTOMOTIVE	$3,616,000	+2.3%	55,715	-0.7%	0.99%	-3.0%
EFA	Buy	ISHARES MSCI EAFE ETF	$3,517,000	+1.7%	51,735	+0.2%	0.96%	-3.6%
CNK	Sell	CINEMARK HOLDINGS INC	$3,512,000	+14.3%	87,375	-0.2%	0.96%	+8.3%
MPW	Sell	MEDICAL PROPERTIES TRUST INC	$3,466,000	+5.9%	232,490	-0.2%	0.95%	+0.4%
NVS	Sell	NOVARTIS A G SPON ADR	$3,443,000	+13.7%	39,965	-0.2%	0.94%	+7.8%
COHR	Sell	COHERENT INC	$3,433,000	+0.3%	19,938	-8.9%	0.94%	-5.0%
SU	Sell	SUNCOR ENERGY INC NEW F	$3,300,000	-5.6%	85,283	-0.7%	0.90%	-10.4%
ADI	Buy	ANALOG DEVICES INC	$3,297,000	-3.4%	35,655	+0.2%	0.90%	-8.4%
ARCC	Buy	ARES CAPITAL CORP	$3,173,000	+7.7%	184,591	+3.0%	0.87%	+2.1%
SPY	Sell	S P D R S&P 500	$3,133,000	+6.1%	10,778	-1.0%	0.86%	+0.6%
SYF	Sell	SYNCHRONY FINANCIAL	$2,991,000	-8.0%	96,225	-1.2%	0.82%	-12.8%
BK	Sell	BANK OF NY MELLON CP NEW	$2,915,000	-5.5%	57,175	-0.1%	0.80%	-10.5%
GILD	Buy	GILEAD SCIENCES INC	$2,890,000	+31.7%	37,427	+20.8%	0.79%	+24.8%
ITT	Sell	ITT INC	$2,555,000	+16.7%	41,702	-0.5%	0.70%	+10.6%
PHM	Sell	PULTEGROUP INC	$2,533,000	-15.0%	102,250	-1.3%	0.69%	-19.4%
ABT	Sell	ABBOTT LABORATORIES	$2,407,000	+18.1%	32,812	-1.8%	0.66%	+11.9%
CHSP	Sell	CHESAPEAKE LODGING TRUST	$2,344,000	+0.9%	73,100	-0.4%	0.64%	-4.3%
CSCO	Sell	CISCO SYSTEMS INC	$2,307,000	+12.8%	47,417	-0.2%	0.63%	+6.9%
FNSR	Sell	FINISAR CORPORATION	$2,250,000	+5.3%	118,130	-0.5%	0.62%	-0.2%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,184,000	+10.0%	35,175	-2.0%	0.60%	+4.4%
XOM	Buy	EXXON MOBIL CORP	$2,161,000	+3.2%	25,418	+0.4%	0.59%	-2.1%
ITW	Buy	ILLINOIS TOOL WORKS INC	$2,081,000	+2.2%	14,747	+0.3%	0.57%	-3.1%
VZ	Sell	VERIZON COMMUNICATIONS	$1,919,000	+5.7%	35,940	-0.4%	0.53%	+0.2%
LSTR	Sell	LANDSTAR SYSTEM INC	$1,688,000	+5.4%	13,835	-5.6%	0.46%	-0.2%
CMC	Sell	COMMERCIAL METALS CO	$1,584,000	-5.3%	77,190	-2.6%	0.43%	-10.1%
KN	Sell	KNOWLES CORP	$1,543,000	+4.9%	92,845	-3.5%	0.42%	-0.5%
CR	Sell	CRANE CO	$1,509,000	+19.6%	15,345	-2.5%	0.41%	+13.2%
LCII	Sell	LCI INDUSTRIES	$1,505,000	-11.2%	18,180	-3.3%	0.41%	-15.9%
MRK	Sell	MERCK & CO INC NEW	$1,448,000	+13.7%	20,407	-2.7%	0.40%	+7.9%
AMAT	Sell	APPLIED MATERIALS INC	$1,426,000	-16.8%	36,900	-0.5%	0.39%	-21.0%
AET	Buy	AETNA INC	$1,420,000	+11.0%	6,999	+0.4%	0.39%	+5.1%
CI	Sell	CIGNA CORP	$1,409,000	+17.3%	6,765	-4.2%	0.39%	+11.2%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$1,313,000	-4.9%	44,445	-0.2%	0.36%	-9.8%
UFPT	Sell	UFP TECHNOLOGIES INC	$1,277,000	+8.7%	34,740	-8.8%	0.35%	+3.2%
AGX	Sell	ARGAN INC	$1,269,000	+2.6%	29,515	-2.3%	0.35%	-2.5%
SYMC	Sell	SYMANTEC CORP	$1,260,000	-1.3%	59,200	-4.2%	0.34%	-6.5%
DLX	Buy	DELUXE CORPORATION	$1,189,000	-8.3%	20,885	+6.6%	0.33%	-13.1%
SFE	Sell	SAFEGUARD SCIENT INC NEW	$1,184,000	-32.1%	126,650	-7.1%	0.32%	-35.7%
JCI	Sell	JOHNSON CONTROLS INC	$1,178,000	+3.9%	33,659	-0.7%	0.32%	-1.5%
LEA	Sell	LEAR CORPORATION	$1,161,000	-22.7%	8,008	-0.9%	0.32%	-26.7%
TGNA	Sell	TEGNA INC	$1,153,000	+9.1%	96,370	-1.1%	0.32%	+3.6%
PDCO	Buy	PATTERSON COS INC	$1,092,000	+84.1%	44,665	+70.7%	0.30%	+74.9%
APOG	Sell	APOGEE ENTERPRISES	$925,000	-23.0%	22,375	-10.3%	0.25%	-27.1%
TRV	Sell	TRAVELERS COMPANIES INC	$920,000	+5.7%	7,093	-0.3%	0.25%	+0.4%
LM	Sell	LEGG MASON INC	$914,000	-10.2%	29,260	-0.2%	0.25%	-15.0%
ORCL	Sell	ORACLE CORPORATION	$903,000	+12.5%	17,515	-3.9%	0.25%	+6.5%
NCR	Sell	NCR CORP NEW	$862,000	-7.2%	30,350	-2.0%	0.24%	-11.9%
AAL	Buy	AMERICAN AIRLINES GROUP	$799,000	+20.9%	19,325	+10.9%	0.22%	+14.7%
BAC	Sell	BANK OF AMERICA CORP	$792,000	+2.6%	26,887	-1.8%	0.22%	-2.7%
ROSEQ	Sell	ROSEHILL RESOURCES INC	$774,000	-25.1%	126,850	-0.4%	0.21%	-29.1%
JEF	Sell	JEFFERIES FINANCIAL GROUP INC	$764,000	-6.1%	34,775	-2.8%	0.21%	-11.1%
TIP	Sell	ISHARES TR BARCLAYS TIPS BOND	$706,000	-2.1%	6,378	-0.1%	0.19%	-7.2%
CMCSA	Sell	COMCAST CORP CL A	$695,000	+6.3%	19,625	-1.5%	0.19%	+0.5%
HELE	Sell	HELEN OF TROY LTD	$677,000	-33.6%	5,170	-50.0%	0.18%	-37.1%
MKSI	Buy	MKS INSTRUMENTS INC	$673,000	-15.2%	8,395	+1.2%	0.18%	-19.7%
GOOG	Buy	GOOGLE INC-CL C	$670,000	+11.5%	561	+4.1%	0.18%	+5.2%
NTR	Sell	NUTRIEN LTD	$663,000	+2.5%	11,482	-3.5%	0.18%	-2.7%
IWN	Sell	ISHARES RUSSELL 2000 VALUE	$664,000	-9.7%	4,989	-10.5%	0.18%	-14.2%
WLH	Buy	WILLIAM LYON HOMES-CL A	$661,000	-20.7%	41,600	+15.7%	0.18%	-24.9%
VGK	Sell	VANGUARD FTSE EUROPE ETF	$656,000	-0.5%	11,669	-0.5%	0.18%	-5.3%
ALK	Sell	ALASKA AIR GROUP	$643,000	+7.2%	9,340	-6.0%	0.18%	+1.7%
NYCB	New	NEW YORK COMMUNITY BANCORP	$609,000	–	58,775	–	0.17%	–
	Sell	PURE TECH HEALTH PLC	$580,000	-30.4%	278,043	-38.9%	0.16%	-34.0%
SLB	Sell	SCHLUMBERGER LTD	$579,000	-11.2%	9,508	-2.3%	0.16%	-15.4%
CVX	Buy	CHEVRON CORPORATION	$549,000	+1.3%	4,490	+4.7%	0.15%	-4.5%
IWS	Sell	iSHARES RUSSELL MIDCAP VALUE	$535,000	+1.7%	5,932	-0.3%	0.15%	-3.3%
HON	Sell	HONEYWELL INTERNATIONAL	$527,000	+4.8%	3,165	-9.3%	0.14%	-0.7%
EEM	Sell	iSHARES MSCI EMERGING MARKET I	$511,000	-1.0%	11,905	-0.1%	0.14%	-6.0%
GME	Sell	GAMESTOP CORP CLASS A	$461,000	-1.7%	30,165	-6.2%	0.13%	-7.4%
RDSB	Sell	ROYAL DUTCH SHELL PLC SPONS	$452,000	-4.0%	6,377	-1.5%	0.12%	-8.8%
AGN	Sell	ALLERGAN INC	$404,000	+13.8%	2,120	-0.5%	0.11%	+7.8%
RRC	Sell	RANGE RESOURCES CORP DEL	$406,000	-1.7%	23,895	-3.2%	0.11%	-6.7%
AGG	Buy	iSHARES BARCLAYS AGGREGATE BON	$398,000	0.0%	3,768	+0.7%	0.11%	-5.2%
FPH	New	FIVE POINT HOLDINGS LLC	$381,000	–	40,475	–	0.10%	–
MOD	Buy	MODINE MANUFACTURING CO	$332,000	-12.9%	22,250	+6.7%	0.09%	-17.3%
FLS	New	FLOWSERVE CORPORATION	$250,000	–	4,575	–	0.07%	–
SCHZ	New	SCHWAB US AGG BOND ETF	$235,000	–	4,675	–	0.06%	–
ADP	New	AUTOMATIC DATA PROCESSING	$211,000	–	1,400	–	0.06%	–
DOV	New	DOVER CORPORATION	$213,000	–	2,410	–	0.06%	–
	New	OTTER TAIL POWER	$201,000	–	4,200	–	0.06%	–
GE	Sell	GENERAL ELECTRIC COMPANY	$163,000	-94.5%	14,460	-93.3%	0.04%	-94.7%
CMT	Buy	CORE MOLDING TECHNOLOGIES	$91,000	-45.5%	13,675	+17.1%	0.02%	-47.9%
ADNT	Exit	ADIENT PLC	$0	–	-4,325	–	-0.06%	–

Q2 2018

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$11,494,000	–	116,563	–	3.32%	–
ALL	New	ALLSTATE CORP	$7,991,000	–	87,550	–	2.31%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$7,962,000	–	58,931	–	2.30%	–
BC	New	BRUNSWICK CORP	$7,882,000	–	122,235	–	2.28%	–
DAL	New	DELTA AIRLINES INC	$7,635,000	–	154,125	–	2.21%	–
INTC	New	INTEL CORP	$7,060,000	–	142,028	–	2.04%	–
FDX	New	FEDEX CORPORATION	$6,806,000	–	29,976	–	1.97%	–
C	New	CITIGROUP INC	$6,417,000	–	95,889	–	1.85%	–
MMM	New	3M COMPANY	$6,337,000	–	32,214	–	1.83%	–
OMC	New	OMNICOM GROUP INC	$6,292,000	–	82,490	–	1.82%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,270,000	–	25,556	–	1.81%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$6,265,000	–	33,564	–	1.81%	–
AXP	New	AMERICAN EXPRESS CO	$6,144,000	–	62,689	–	1.78%	–
GS	New	GOLDMAN SACHS GROUP INC	$6,106,000	–	27,684	–	1.76%	–
PFE	New	PFIZER INCORPORATED	$6,000,000	–	165,389	–	1.73%	–
JNJ	New	JOHNSON & JOHNSON	$5,971,000	–	49,207	–	1.72%	–
WHR	New	WHIRLPOOL CORP	$5,908,000	–	40,400	–	1.71%	–
AFL	New	A F L A C INC	$5,769,000	–	134,090	–	1.67%	–
LKQ	New	LKQ CORP	$5,545,000	–	173,830	–	1.60%	–
DIS	New	THE WALT DISNEY CO	$5,410,000	–	51,614	–	1.56%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$5,365,000	–	81,590	–	1.55%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,359,000	–	42,860	–	1.55%	–
CVS	New	CVS INC	$5,354,000	–	83,202	–	1.55%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$5,194,000	–	72,435	–	1.50%	–
IP	New	INTERNATIONAL PAPER	$5,115,000	–	98,216	–	1.48%	–
GPC	New	GENUINE PARTS CO	$5,036,000	–	54,866	–	1.46%	–
DISCA	New	DISCOVERY, INC - A	$4,989,000	–	181,410	–	1.44%	–
TEL	New	TE CONNECTIVITY LTD F	$4,858,000	–	53,937	–	1.40%	–
MDT	New	MEDTRONIC PLC	$4,761,000	–	55,610	–	1.38%	–
T	New	A T & T INC NEW	$4,126,000	–	128,499	–	1.19%	–
ABBV	New	ABBVIE INC	$3,964,000	–	42,785	–	1.14%	–
L100PS	New	ARCONIC CORP	$3,895,000	–	228,979	–	1.12%	–
KMB	New	KIMBERLY-CLARK CORP	$3,883,000	–	36,858	–	1.12%	–
GPI	New	GROUP 1 AUTOMOTIVE	$3,534,000	–	56,090	–	1.02%	–
SU	New	SUNCOR ENERGY INC NEW F	$3,494,000	–	85,883	–	1.01%	–
EFA	New	ISHARES MSCI EAFE ETF	$3,459,000	–	51,657	–	1.00%	–
IBM	New	INTL BUSINESS MACHINES	$3,448,000	–	24,683	–	1.00%	–
COHR	New	COHERENT INC	$3,424,000	–	21,888	–	0.99%	–
ADI	New	ANALOG DEVICES INC	$3,413,000	–	35,580	–	0.99%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$3,272,000	–	233,065	–	0.94%	–
SYF	New	SYNCHRONY FINANCIAL	$3,251,000	–	97,390	–	0.94%	–
BAX	New	BAXTER INTERNATIONAL	$3,144,000	–	42,579	–	0.91%	–
BK	New	BANK OF NY MELLON CP NEW	$3,086,000	–	57,225	–	0.89%	–
CNK	New	CINEMARK HOLDINGS INC	$3,072,000	–	87,585	–	0.89%	–
NVS	New	NOVARTIS A G SPON ADR	$3,027,000	–	40,065	–	0.88%	–
PHM	New	PULTEGROUP INC	$2,979,000	–	103,600	–	0.86%	–
SPY	New	S P D R S&P 500	$2,953,000	–	10,884	–	0.85%	–
GE	New	GENERAL ELECTRIC COMPANY	$2,952,000	–	216,916	–	0.85%	–
ARCC	New	ARES CAPITAL CORP	$2,947,000	–	179,175	–	0.85%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$2,322,000	–	73,380	–	0.67%	–
GILD	New	GILEAD SCIENCES INC	$2,194,000	–	30,972	–	0.63%	–
ITT	New	ITT INC	$2,190,000	–	41,902	–	0.63%	–
FNSR	New	FINISAR CORPORATION	$2,136,000	–	118,680	–	0.62%	–
XOM	New	EXXON MOBIL CORP	$2,094,000	–	25,313	–	0.60%	–
CSCO	New	CISCO SYSTEMS INC	$2,045,000	–	47,517	–	0.59%	–
ABT	New	ABBOTT LABORATORIES	$2,038,000	–	33,412	–	0.59%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,036,000	–	14,697	–	0.59%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,985,000	–	35,875	–	0.57%	–
VZ	New	VERIZON COMMUNICATIONS	$1,816,000	–	36,090	–	0.52%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$1,745,000	–	136,350	–	0.50%	–
AMAT	New	APPLIED MATERIALS INC	$1,714,000	–	37,100	–	0.50%	–
LCII	New	LCI INDUSTRIES	$1,695,000	–	18,805	–	0.49%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,686,000	–	23,565	–	0.49%	–
CMC	New	COMMERCIAL METALS CO	$1,673,000	–	79,265	–	0.48%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,601,000	–	14,660	–	0.46%	–
LEA	New	LEAR CORPORATION	$1,502,000	–	8,083	–	0.43%	–
COP	New	CONOCOPHILLIPS	$1,496,000	–	21,484	–	0.43%	–
KN	New	KNOWLES CORP	$1,471,000	–	96,170	–	0.42%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$1,380,000	–	44,520	–	0.40%	–
DLX	New	DELUXE CORPORATION	$1,297,000	–	19,585	–	0.38%	–
PRA	New	PROASSURANCE CORPORATION	$1,290,000	–	36,385	–	0.37%	–
AET	New	AETNA INC	$1,279,000	–	6,969	–	0.37%	–
SYMC	New	SYMANTEC CORP	$1,276,000	–	61,800	–	0.37%	–
MRK	New	MERCK & CO INC NEW	$1,273,000	–	20,970	–	0.37%	–
CR	New	CRANE CO	$1,262,000	–	15,745	–	0.36%	–
AGX	New	ARGAN INC	$1,237,000	–	30,215	–	0.36%	–
CI	New	CIGNA CORP	$1,201,000	–	7,065	–	0.35%	–
APOG	New	APOGEE ENTERPRISES	$1,202,000	–	24,945	–	0.35%	–
UFPT	New	UFP TECHNOLOGIES INC	$1,175,000	–	38,090	–	0.34%	–
JCI	New	JOHNSON CONTROLS INC	$1,134,000	–	33,909	–	0.33%	–
MLR	New	MILLER INDS INC TENN COM NEW	$1,110,000	–	43,450	–	0.32%	–
PXD	New	PIONEER NATURAL RES CO	$1,097,000	–	5,795	–	0.32%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,077,000	–	9,663	–	0.31%	–
TGNA	New	TEGNA INC	$1,057,000	–	97,420	–	0.30%	–
ROSEQ	New	ROSEHILL RESOURCES INC	$1,034,000	–	127,325	–	0.30%	–
LM	New	LEGG MASON INC	$1,018,000	–	29,310	–	0.29%	–
HELE	New	HELEN OF TROY LTD	$1,019,000	–	10,350	–	0.29%	–
JHG	New	JANUS HENDERSON GROUP PLC	$966,000	–	31,434	–	0.28%	–
NCR	New	NCR CORP NEW	$929,000	–	30,975	–	0.27%	–
APA	New	APACHE CORP	$905,000	–	19,360	–	0.26%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$883,000	–	4,920	–	0.26%	–
L	New	LOEWS CORP	$877,000	–	18,170	–	0.25%	–
CAG	New	CONAGRA FOODS INC	$877,000	–	24,558	–	0.25%	–
TRV	New	TRAVELERS COMPANIES INC	$870,000	–	7,113	–	0.25%	–
PG	New	PROCTER & GAMBLE	$843,000	–	10,805	–	0.24%	–
	New	PURE TECH HEALTH PLC	$833,000	–	455,000	–	0.24%	–
WLH	New	WILLIAM LYON HOMES-CL A	$834,000	–	35,950	–	0.24%	–
JEF	New	JEFFERIES FINANCIAL GROUP INC	$814,000	–	35,775	–	0.24%	–
ORCL	New	ORACLE CORPORATION	$803,000	–	18,225	–	0.23%	–
EOG	New	E O G RESOURCES INC	$796,000	–	6,400	–	0.23%	–
MKSI	New	MKS INSTRUMENTS INC	$794,000	–	8,295	–	0.23%	–
BAC	New	BANK OF AMERICA CORP	$772,000	–	27,387	–	0.22%	–
AON	New	AON PLC	$768,000	–	5,600	–	0.22%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$735,000	–	5,573	–	0.21%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$721,000	–	6,385	–	0.21%	–
ASB	New	ASSOCIATED BANC-CORP	$688,000	–	25,210	–	0.20%	–
AAL	New	AMERICAN AIRLINES GROUP	$661,000	–	17,425	–	0.19%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$659,000	–	11,732	–	0.19%	–
CMCSA	New	COMCAST CORP CL A	$654,000	–	19,925	–	0.19%	–
SLB	New	SCHLUMBERGER LTD	$652,000	–	9,728	–	0.19%	–
NTR	New	NUTRIEN LTD	$647,000	–	11,902	–	0.19%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC	$608,000	–	7,445	–	0.18%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$602,000	–	3,700	–	0.17%	–
GOOG	New	GOOGLE INC-CL C	$601,000	–	539	–	0.17%	–
ALK	New	ALASKA AIR GROUP	$600,000	–	9,940	–	0.17%	–
PDCO	New	PATTERSON COS INC	$593,000	–	26,165	–	0.17%	–
FITB	New	FIFTH THIRD BANCORP	$571,000	–	19,910	–	0.16%	–
ED	New	CONSOLIDATED EDISON INC	$556,000	–	7,130	–	0.16%	–
CVX	New	CHEVRON CORPORATION	$542,000	–	4,290	–	0.16%	–
VRTX	New	VERTEX PHARMACEUTICALS	$544,000	–	3,200	–	0.16%	–
AIZ	New	ASSURANT INC	$528,000	–	5,100	–	0.15%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$526,000	–	5,947	–	0.15%	–
DVN	New	DEVON ENERGY CP NEW	$523,000	–	11,900	–	0.15%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$516,000	–	11,920	–	0.15%	–
KO	New	COCA COLA COMPANY	$513,000	–	11,705	–	0.15%	–
MSI	New	MOTOROLA SOLUTIONS INC	$512,000	–	4,400	–	0.15%	–
HON	New	HONEYWELL INTERNATIONAL	$503,000	–	3,490	–	0.14%	–
BDX	New	BECTON DICKINSON & CO	$490,000	–	2,045	–	0.14%	–
GME	New	GAMESTOP CORP CLASS A	$469,000	–	32,165	–	0.14%	–
RDSB	New	ROYAL DUTCH SHELL PLC SPONS	$471,000	–	6,477	–	0.14%	–
DHI	New	DR HORTON INC	$459,000	–	11,200	–	0.13%	–
PGR	New	PROGRESSIVE CORP	$461,000	–	7,800	–	0.13%	–
SYK	New	STRYKER CORP	$442,000	–	2,616	–	0.13%	–
PEP	New	PEPSICO INC	$419,000	–	3,850	–	0.12%	–
RRC	New	RANGE RESOURCES CORP DEL	$413,000	–	24,695	–	0.12%	–
LEN	New	LENNAR CORP-A	$399,000	–	7,600	–	0.12%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$398,000	–	3,741	–	0.12%	–
BOND	New	PIMCO TOTAL RETURN ETF	$388,000	–	3,770	–	0.11%	–
MOD	New	MODINE MANUFACTURING CO	$381,000	–	20,850	–	0.11%	–
AMGN	New	AMGEN INCORPORATED	$378,000	–	2,046	–	0.11%	–
ACU	New	ACME UNITED CORP	$372,000	–	17,950	–	0.11%	–
AGN	New	ALLERGAN INC	$355,000	–	2,130	–	0.10%	–
AINV	New	APOLLO INVESTMENT CORP	$336,000	–	60,355	–	0.10%	–
PKG	New	PACKAGING CORP OF AMERICA	$323,000	–	2,893	–	0.09%	–
VTR	New	VENTAS INC	$318,000	–	5,580	–	0.09%	–
CXO	New	CONCHO RESOURCES INC	$318,000	–	2,300	–	0.09%	–
HI	New	HILLENBRAND INC	$309,000	–	6,550	–	0.09%	–
APC	New	ANADARKO PETROLEUM CORP	$293,000	–	4,000	–	0.08%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$282,000	–	1	–	0.08%	–
UAL	New	UNITED CONTINENTAL HOLDINGS	$279,000	–	4,000	–	0.08%	–
SCHM	New	SCHWAB US MID CAP ETF	$262,000	–	4,775	–	0.08%	–
SCHA	New	SCHWAB US SMALL-CAP ETF	$259,000	–	3,525	–	0.08%	–
GOOGL	New	GOOGLE INC-CL A	$248,000	–	220	–	0.07%	–
MO	New	ALTRIA GROUP INC	$248,000	–	4,370	–	0.07%	–
EBAY	New	EBAY INC	$243,000	–	6,700	–	0.07%	–
RDC	New	ROWAN COMPANIES PLC	$230,000	–	14,200	–	0.07%	–
TGT	New	TARGET CORP COM	$228,000	–	2,990	–	0.07%	–
DISCK	New	DISCOVERY COMMUNICATIONS-C	$224,000	–	8,800	–	0.06%	–
GPX	New	GP STRATEGIES CORP	$218,000	–	12,390	–	0.06%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$216,000	–	7,425	–	0.06%	–
ADNT	New	ADIENT PLC	$213,000	–	4,325	–	0.06%	–
TEF	New	TELEFONICA SPON ADR	$176,000	–	20,629	–	0.05%	–
CMT	New	CORE MOLDING TECHNOLOGIES	$167,000	–	11,675	–	0.05%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$141,000	–	20,175	–	0.04%	–
AMSE	New	AMERICAN SANDS ENERGY CORP	$2,000	–	204,521	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
AMSE	Exit	AMERICAN SANDS ENERGY CORP	$0	–	-204,521	–	-0.00%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-22,775	–	-0.05%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT	$0	–	-19,166	–	-0.06%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-3,000	–	-0.06%	–
GOOGL	Exit	GOOGLE INC-CL A	$0	–	-220	–	-0.06%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-16,500	–	-0.06%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,410	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,678	–	-0.06%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGS	$0	–	-4,000	–	-0.07%	–
SCHA	Exit	SCHWAB US SMALL-CAP ETF	$0	–	-3,650	–	-0.07%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-11,675	–	-0.07%	–
SCHM	Exit	SCHWAB US MID CAP ETF	$0	–	-5,200	–	-0.07%	–
HI	Exit	HILLENBRAND INC	$0	–	-6,650	–	-0.07%	–
NFX	Exit	NEWFIELD EXPL CO COM	$0	–	-8,805	–	-0.07%	–
EBAY	Exit	EBAY INC	$0	–	-6,850	–	-0.07%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.08%	–
ADNT	Exit	ADIENT PLC	$0	–	-3,417	–	-0.08%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-9,025	–	-0.08%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,730	–	-0.08%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-1,625	–	-0.08%	–
CXO	Exit	CONCHO RESOURCES INC	$0	–	-2,300	–	-0.08%	–
MAT	Exit	MATTEL INC	$0	–	-20,130	–	-0.09%	–
VTR	Exit	VENTAS INC	$0	–	-5,580	–	-0.10%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-4,400	–	-0.10%	–
TEF	Exit	TELEFONICA SPON ADR	$0	–	-34,924	–	-0.11%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-7,800	–	-0.11%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-2,061	–	-0.11%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,483	–	-0.11%	–
GPX	Exit	GP STRATEGIES CORP	$0	–	-12,390	–	-0.11%	–
SYK	Exit	STRYKER CORP	$0	–	-2,716	–	-0.11%	–
LEN	Exit	LENNAR CORP-A	$0	–	-7,600	–	-0.11%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,770	–	-0.11%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,045	–	-0.11%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-16,510	–	-0.11%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-66,455	–	-0.11%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-21,275	–	-0.12%	–
ACU	Exit	ACME UNITED CORP	$0	–	-17,950	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-3,850	–	-0.12%	–
SCHZ	Exit	SCHWAB US AGG BOND ETF	$0	–	-8,425	–	-0.12%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-12,050	–	-0.12%	–
DHI	Exit	DR HORTON INC	$0	–	-11,200	–	-0.13%	–
AGN	Exit	ALLERGAN INC	$0	–	-2,311	–	-0.13%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,679	–	-0.14%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,200	–	-0.14%	–
AIZ	Exit	ASSURANT INC	$0	–	-5,100	–	-0.14%	–
RDSB	Exit	ROYAL DUTCH SHEL PLC SPONS	$0	–	-7,925	–	-0.14%	–
GOOG	Exit	GOOGLE INC-CL C	$0	–	-520	–	-0.14%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-4,430	–	-0.15%	–
KO	Exit	COCA COLA COMPANY	$0	–	-11,785	–	-0.15%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,700	–	-0.15%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-4,323	–	-0.15%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-12,004	–	-0.15%	–
PKG	Exit	PACKAGING CORP OF AMERICA	$0	–	-4,748	–	-0.15%	–
HCAP	Exit	HARVEST CAPITAL CREDIT CORP	$0	–	-40,625	–	-0.15%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-25,220	–	-0.17%	–
EOG	Exit	E O G RESOURCES INC	$0	–	-6,400	–	-0.17%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-22,245	–	-0.18%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,930	–	-0.18%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-26,247	–	-0.19%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-8,925	–	-0.19%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-11,949	–	-0.20%	–
FLS	Exit	FLOWSERVE CORPORATION	$0	–	-17,110	–	-0.20%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-10,858	–	-0.21%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-19,830	–	-0.22%	–
RRC	Exit	RANGE RESOURCES CORP DEL	$0	–	-39,285	–	-0.22%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-6,771	–	-0.22%	–
GME	Exit	GAMESTOP CORP CLASS A	$0	–	-39,465	–	-0.23%	–
AON	Exit	AON PLC	$0	–	-5,600	–	-0.23%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-13,065	–	-0.24%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-24,883	–	-0.24%	–
AAL	Exit	AMERICAN AIRLINES GROUP	$0	–	-17,725	–	-0.24%	–
PXD	Exit	PIONEER NATURAL RES CO	$0	–	-5,895	–	-0.24%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-7,138	–	-0.25%	–
WLH	Exit	WILLIAM LYON HOMES-CL A	$0	–	-38,125	–	-0.25%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-18,225	–	-0.25%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-6,030	–	-0.26%	–
APA	Exit	APACHE CORP	$0	–	-20,660	–	-0.27%	–
CARS	Exit	CARS.COM INC	$0	–	-35,836	–	-0.27%	–
APOG	Exit	APOGEE ENTERPRISES	$0	–	-20,830	–	-0.28%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-39,880	–	-0.28%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-580,000	–	-0.28%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-11,545	–	-0.30%	–
GM	Exit	GENERAL MOTORS CO.	$0	–	-26,325	–	-0.30%	–
ROSEQ	Exit	ROSEHILL RESOURCES INC	$0	–	-139,725	–	-0.32%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-9,850	–	-0.32%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-12,025	–	-0.33%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-42,999	–	-0.34%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-24,094	–	-0.34%	–
JHG	Exit	JANUS HENDERSON GROUP PLC	$0	–	-36,774	–	-0.36%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-46,485	–	-0.37%	–
L	Exit	LOEWS CORP	$0	–	-27,170	–	-0.37%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-36,168	–	-0.41%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-20,145	–	-0.41%	–
TGNA	Exit	TEGNA INC	$0	–	-111,625	–	-0.42%	–
POT	Exit	POTASH CORP OF SASKATCHEWAN	$0	–	-77,862	–	-0.42%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-49,395	–	-0.44%	–
CR	Exit	CRANE CO	$0	–	-20,085	–	-0.45%	–
NCR	Exit	NCR CORP NEW	$0	–	-42,960	–	-0.45%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-48,236	–	-0.46%	–
KN	Exit	KNOWLES CORP	$0	–	-106,285	–	-0.46%	–
HBI	Exit	HANESBRANDS INC	$0	–	-69,625	–	-0.48%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-18,600	–	-0.50%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-18,015	–	-0.50%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-37,110	–	-0.52%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-35,127	–	-0.53%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-24,525	–	-0.53%	–
FNSR	Exit	FINISAR CORPORATION	$0	–	-91,480	–	-0.57%	–
PRA	Exit	PROASSURANCE CORPORATION	$0	–	-37,200	–	-0.57%	–
ITT	Exit	ITT INC	$0	–	-46,097	–	-0.58%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-62,300	–	-0.58%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-156,085	–	-0.59%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-32,560	–	-0.60%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-27,093	–	-0.62%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-83,515	–	-0.63%	–
AET	Exit	AETNA INC	$0	–	-14,229	–	-0.64%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-43,425	–	-0.64%	–
CAT	Exit	CATERPILLAR INC	$0	–	-19,075	–	-0.67%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-30,226	–	-0.69%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-38,749	–	-0.70%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-16,732	–	-0.70%	–
FL	Exit	FOOT LOCKER INC	$0	–	-71,535	–	-0.71%	–
SPY	Exit	S P D R S&P 500	$0	–	-10,337	–	-0.73%	–
LEA	Exit	LEAR CORPORATION	$0	–	-15,346	–	-0.75%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-43,934	–	-0.78%	–
PHM	Exit	PULTEGROUP INC	$0	–	-103,650	–	-0.80%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS - A	$0	–	-134,550	–	-0.81%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-83,138	–	-0.82%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-228,145	–	-0.84%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-83,700	–	-0.85%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-36,725	–	-0.89%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-194,304	–	-0.90%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-103,175	–	-0.90%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-22,566	–	-0.92%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-48,419	–	-0.93%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-63,004	–	-0.94%	–
DY	Exit	DYCOM INDUSTRIES	$0	–	-39,730	–	-0.96%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-42,990	–	-1.04%	–
EAT	Exit	BRINKER INTL INC	$0	–	-119,050	–	-1.07%	–
LOW	Exit	LOWE'S COS INC	$0	–	-48,562	–	-1.09%	–
ABBV	Exit	ABBVIE INC	$0	–	-45,260	–	-1.13%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-58,840	–	-1.20%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-44,362	–	-1.23%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-57,370	–	-1.26%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-38,075	–	-1.26%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-70,945	–	-1.30%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-82,095	–	-1.31%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-59,912	–	-1.40%	–
T	Exit	A T & T INC NEW	$0	–	-133,280	–	-1.47%	–
L100PS	Exit	ARCONIC CORP	$0	–	-211,765	–	-1.48%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-45,887	–	-1.50%	–
CVS	Exit	CVS INC	$0	–	-66,000	–	-1.51%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-232,591	–	-1.58%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-58,941	–	-1.59%	–
INTC	Exit	INTEL CORP	$0	–	-151,018	–	-1.62%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-31,690	–	-1.64%	–
AFL	Exit	A F L A C INC	$0	–	-71,565	–	-1.64%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-65,428	–	-1.67%	–
LKQ	Exit	LKQ CORP	$0	–	-172,465	–	-1.75%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-174,979	–	-1.76%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-86,620	–	-1.81%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-50,607	–	-1.85%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-34,951	–	-1.93%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-30,422	–	-1.93%	–
BC	Exit	BRUNSWICK CORP	$0	–	-127,625	–	-2.01%	–
C	Exit	CITIGROUP INC	$0	–	-98,409	–	-2.02%	–
MMM	Exit	3M COMPANY	$0	–	-36,590	–	-2.16%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-160,925	–	-2.18%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-58,931	–	-2.24%	–
ALL	Exit	ALLSTATE CORP	$0	–	-92,800	–	-2.40%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-128,195	–	-2.69%	–

Q3 2017

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$9,549,000	+5.2%	128,195	-2.6%	2.69%	+1.4%
ALL	Sell	ALLSTATE CORP	$8,529,000	+2.5%	92,800	-1.4%	2.40%	-1.3%
DAL	Sell	DELTA AIRLINES INC	$7,760,000	-11.8%	160,925	-1.8%	2.18%	-15.1%
MMM	Sell	3M COMPANY	$7,680,000	-0.6%	36,590	-1.4%	2.16%	-4.2%
C	Sell	CITIGROUP INC	$7,158,000	+8.3%	98,409	-0.5%	2.02%	+4.3%
BC	New	BRUNSWICK CORP	$7,143,000	–	127,625	–	2.01%	–
FDX	Sell	FEDEX CORPORATION	$6,863,000	+2.7%	30,422	-1.0%	1.93%	-1.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,845,000	+2.7%	34,951	-2.8%	1.93%	-1.1%
JNJ	Sell	JOHNSON & JOHNSON	$6,579,000	-2.9%	50,607	-1.2%	1.85%	-6.4%
OMC	Sell	OMNICOM GROUP INC	$6,416,000	-11.5%	86,620	-1.0%	1.81%	-14.8%
PFE	Sell	PFIZER INCORPORATED	$6,247,000	+6.1%	174,979	-0.2%	1.76%	+2.2%
LKQ	Buy	LKQ CORP	$6,207,000	+9.4%	172,465	+0.2%	1.75%	+5.4%
AXP	Sell	AMERICAN EXPRESS CO	$5,919,000	+6.1%	65,428	-1.2%	1.67%	+2.2%
AFL	Sell	A F L A C INC	$5,825,000	+3.6%	71,565	-1.1%	1.64%	-0.2%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$5,809,000	+8.1%	31,690	-0.1%	1.64%	+4.2%
INTC	Buy	INTEL CORP	$5,751,000	+14.2%	151,018	+1.2%	1.62%	+10.0%
GPC	Sell	GENUINE PARTS CO	$5,638,000	+1.9%	58,941	-1.2%	1.59%	-1.9%
GE	Sell	GENERAL ELECTRIC COMPANY	$5,624,000	-11.4%	232,591	-1.0%	1.58%	-14.6%
CVS	Sell	CVS INC	$5,367,000	-0.2%	66,000	-1.2%	1.51%	-3.9%
UTX	Buy	UNITED TECHNOLOGIES CORP	$5,327,000	-4.1%	45,887	+0.9%	1.50%	-7.6%
L100PS	Sell	ARCONIC CORP	$5,269,000	+9.2%	211,765	-0.6%	1.48%	+5.2%
T	Buy	A T & T INC NEW	$5,221,000	+4.8%	133,280	+0.9%	1.47%	+0.9%
TEL	Sell	TE CONNECTIVITY LTD F	$4,976,000	+5.3%	59,912	-0.3%	1.40%	+1.4%
IP	Sell	INTERNATIONAL PAPER	$4,665,000	-0.5%	82,095	-0.8%	1.31%	-4.1%
CMP	Buy	COMPASS MINERALS INTERNATIONAL	$4,604,000	-0.4%	70,945	+0.2%	1.30%	-4.1%
KMB	Sell	KIMBERLY-CLARK CORP	$4,481,000	-10.6%	38,075	-1.9%	1.26%	-13.9%
MDT	Sell	MEDTRONIC PLC	$4,462,000	-14.2%	57,370	-2.1%	1.26%	-17.4%
DIS	Buy	THE WALT DISNEY CO	$4,373,000	+38.6%	44,362	+49.3%	1.23%	+33.4%
GPI	Sell	GROUP 1 AUTOMOTIVE	$4,264,000	+12.7%	58,840	-1.5%	1.20%	+8.6%
ABBV	Sell	ABBVIE INC	$4,022,000	+21.0%	45,260	-1.3%	1.13%	+16.6%
LOW	Buy	LOWE'S COS INC	$3,882,000	+6.0%	48,562	+2.8%	1.09%	+2.1%
EAT	Sell	BRINKER INTL INC	$3,793,000	-23.2%	119,050	-8.2%	1.07%	-26.0%
NVS	Sell	NOVARTIS A G SPON ADR	$3,691,000	+1.5%	42,990	-1.4%	1.04%	-2.3%
DY	New	DYCOM INDUSTRIES	$3,412,000	–	39,730	–	0.96%	–
BK	Sell	BANK OF NY MELLON CP NEW	$3,340,000	+1.6%	63,004	-2.2%	0.94%	-2.2%
EFA	Buy	ISHARES MSCI EAFE ETF	$3,316,000	+5.7%	48,419	+0.7%	0.93%	+1.9%
IBM	Buy	INTL BUSINESS MACHINES	$3,274,000	-0.7%	22,566	+5.3%	0.92%	-4.4%
SYF	New	SYNCHRONY FINANCIAL	$3,204,000	–	103,175	–	0.90%	–
ARCC	Sell	ARES CAPITAL CORP	$3,185,000	-9.2%	194,304	-9.3%	0.90%	-12.6%
ADI	Sell	ANALOG DEVICES INC	$3,165,000	+8.4%	36,725	-2.1%	0.89%	+4.5%
CNK	Buy	CINEMARK HOLDINGS INC	$3,031,000	-5.4%	83,700	+1.5%	0.85%	-9.0%
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$2,996,000	+3.8%	228,145	+1.7%	0.84%	0.0%
SU	Sell	SUNCOR ENERGY INC NEW F	$2,912,000	+17.3%	83,138	-2.2%	0.82%	+12.9%
DISCA	Buy	DISCOVERY COMMUNICATIONS - A	$2,865,000	-4.1%	134,550	+16.3%	0.81%	-7.6%
PHM	New	PULTEGROUP INC	$2,833,000	–	103,650	–	0.80%	–
BAX	Sell	BAXTER INTERNATIONAL	$2,757,000	+2.8%	43,934	-0.8%	0.78%	-1.0%
LEA	Sell	LEAR CORPORATION	$2,656,000	-40.5%	15,346	-51.2%	0.75%	-42.7%
SPY	Buy	S P D R S&P 500	$2,597,000	+4.6%	10,337	+0.7%	0.73%	+0.7%
FL	Buy	FOOT LOCKER INC	$2,519,000	-26.4%	71,535	+3.0%	0.71%	-29.1%
ITW	Sell	ILLINOIS TOOL WORKS INC	$2,476,000	+2.1%	16,732	-1.2%	0.70%	-1.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,470,000	+14.0%	38,749	-0.4%	0.70%	+10.0%
GILD	Sell	GILEAD SCIENCES INC	$2,449,000	+12.4%	30,226	-1.8%	0.69%	+8.3%
CAT	Sell	CATERPILLAR INC	$2,379,000	+14.7%	19,075	-1.2%	0.67%	+10.4%
AMAT	Sell	APPLIED MATERIALS INC	$2,262,000	+23.3%	43,425	-2.2%	0.64%	+18.8%
AET	Sell	AETNA INC	$2,263,000	+4.1%	14,229	-0.6%	0.64%	+0.3%
CHSP	Buy	CHESAPEAKE LODGING TRUST	$2,252,000	+17.1%	83,515	+6.3%	0.63%	+12.8%
XOM	Sell	EXXON MOBIL CORP	$2,221,000	+1.5%	27,093	-0.1%	0.62%	-2.3%
AAWW	Buy	ATLAS AIR WORLDWIDE HOLDINGS	$2,142,000	+30.5%	32,560	+3.5%	0.60%	+25.6%
SFE	Buy	SAFEGUARD SCIENT INC NEW	$2,084,000	+12.4%	156,085	+0.2%	0.59%	+8.3%
ITT	Buy	ITT INC	$2,041,000	+13.1%	46,097	+2.7%	0.58%	+9.1%
PRA	Buy	PROASSURANCE CORPORATION	$2,033,000	-9.9%	37,200	+0.3%	0.57%	-13.2%
FNSR	New	FINISAR CORPORATION	$2,028,000	–	91,480	–	0.57%	–
ABT	Buy	ABBOTT LABORATORIES	$1,874,000	+11.2%	35,127	+1.4%	0.53%	+7.1%
VZ	Buy	VERIZON COMMUNICATIONS	$1,837,000	+30.9%	37,110	+18.1%	0.52%	+26.1%
LSTR	Sell	LANDSTAR SYSTEM INC	$1,795,000	+15.7%	18,015	-0.6%	0.50%	+11.5%
KN	Buy	KNOWLES CORP	$1,623,000	-2.9%	106,285	+7.6%	0.46%	-6.4%
CSCO	Sell	CISCO SYSTEMS INC	$1,622,000	+5.1%	48,236	-2.2%	0.46%	+1.3%
CR	Sell	CRANE CO	$1,607,000	+0.6%	20,085	-0.2%	0.45%	-3.0%
TBNK	Buy	TERRITORIAL BANCORP INC COM	$1,559,000	+17.6%	49,395	+16.2%	0.44%	+13.1%
TGNA	Sell	TEGNA INC	$1,488,000	-7.6%	111,625	-0.1%	0.42%	-11.0%
DLX	Buy	DELUXE CORPORATION	$1,470,000	+9.5%	20,145	+3.9%	0.41%	+5.6%
JCI	Sell	JOHNSON CONTROLS INC	$1,457,000	-9.0%	36,168	-2.1%	0.41%	-12.4%
L	Sell	LOEWS CORP	$1,300,000	+0.3%	27,170	-1.9%	0.37%	-3.4%
MLR	Buy	MILLER INDS INC TENN COM NEW	$1,299,000	+48.5%	46,485	+32.0%	0.37%	+43.0%
JHG	Sell	JANUS HENDERSON GROUP PLC	$1,281,000	+5.2%	36,774	-0.0%	0.36%	+1.4%
COP	Sell	CONOCOPHILLIPS	$1,206,000	+8.2%	24,094	-5.0%	0.34%	+4.3%
ZBH	Buy	ZIMMER BIOMET HOLDINGS INC	$1,153,000	-6.2%	9,850	+2.9%	0.32%	-9.5%
ROSEQ	Sell	ROSEHILL RESOURCES INC	$1,150,000	-2.0%	139,725	-0.7%	0.32%	-5.5%
GM	Sell	GENERAL MOTORS CO.	$1,063,000	+6.8%	26,325	-7.6%	0.30%	+2.7%
PG	Sell	PROCTER & GAMBLE	$1,050,000	+1.7%	11,545	-2.5%	0.30%	-2.0%
APOG	Buy	APOGEE ENTERPRISES	$1,005,000	+14.7%	20,830	+35.1%	0.28%	+10.5%
CARS	Sell	CARS.COM INC	$954,000	-3.6%	35,836	-3.6%	0.27%	-6.9%
APA	Sell	APACHE CORP	$946,000	-6.7%	20,660	-2.4%	0.27%	-10.1%
LH	Buy	LABORATORY CRP OF AMER HLDGS	$910,000	-1.7%	6,030	+0.4%	0.26%	-5.5%
WLH	Buy	WILLIAM LYON HOMES-CL A	$876,000	+3.3%	38,125	+8.5%	0.25%	-0.4%
PXD	Buy	PIONEER NATURAL RES CO	$870,000	-5.9%	5,895	+1.7%	0.24%	-9.3%
MRK	Buy	MERCK & CO INC NEW	$837,000	+0.2%	13,065	+0.3%	0.24%	-3.3%
RRC	Buy	RANGE RESOURCES CORP DEL	$769,000	-5.4%	39,285	+12.0%	0.22%	-8.8%
CMCSA	Sell	COMCAST CORP CL A	$763,000	-1.3%	19,830	-0.2%	0.22%	-4.9%
SLB	Sell	SCHLUMBERGER LTD	$757,000	+1.9%	10,858	-3.8%	0.21%	-1.8%
VGK	Buy	VANGUARD FTSE EUROPE ETF	$697,000	+6.2%	11,949	+0.4%	0.20%	+2.1%
SAFT	Buy	SAFETY INSURANCE GROUP INC	$681,000	+12.4%	8,925	+0.6%	0.19%	+8.5%
BAC	Sell	BANK OF AMERICA CORP	$665,000	+0.9%	26,247	-3.3%	0.19%	-3.1%
FITB	Sell	FIFTH THIRD BANCORP	$622,000	+7.4%	22,245	-0.3%	0.18%	+3.6%
BBBY	Sell	BED BATH & BEYOND INC	$592,000	-24.9%	25,220	-2.7%	0.17%	-27.4%
HCAP	Sell	HARVEST CAPITAL CREDIT CORP	$543,000	-25.7%	40,625	-27.2%	0.15%	-28.5%
IWN	Buy	ISHARES RUSSELL 2000 VALUE	$537,000	+7.0%	4,323	+2.4%	0.15%	+2.7%
EEM	Sell	iSHARES MSCI EMERGING MARKET I	$538,000	+4.9%	12,004	-3.2%	0.15%	+0.7%
CVX	Sell	CHEVRON CORPORATION	$521,000	+12.3%	4,430	-0.3%	0.15%	+8.1%
DVN	Sell	DEVON ENERGY CP NEW	$442,000	+10.2%	12,050	-4.0%	0.12%	+6.0%
SCHZ	Buy	SCHWAB US AGG BOND ETF	$441,000	+8.9%	8,425	+8.7%	0.12%	+5.1%
PEP	Sell	PEPSICO INC	$429,000	-12.3%	3,850	-9.0%	0.12%	-15.4%
ASB	New	ASSOCIATED BANC-CORP	$400,000	–	16,510	–	0.11%	–
SYK	Sell	STRYKER CORP	$386,000	-7.9%	2,716	-9.9%	0.11%	-10.7%
AMGN	Sell	AMGEN INCORPORATED	$384,000	-5.9%	2,061	-13.1%	0.11%	-9.2%
GPX	Sell	GP STRATEGIES CORP	$382,000	-8.6%	12,390	-21.8%	0.11%	-11.5%
TEF	Sell	TELEFONICA SPON ADR	$377,000	+1.1%	34,924	-2.8%	0.11%	-2.8%
VTR	Sell	VENTAS INC	$363,000	-6.7%	5,580	-0.3%	0.10%	-10.5%
MAT	Sell	MATTEL INC	$312,000	-37.7%	20,130	-13.4%	0.09%	-39.7%
ADNT	Sell	ADIENT PLC	$287,000	+26.4%	3,417	-1.4%	0.08%	+22.7%
DOV	New	DOVER CORPORATION	$220,000	–	2,410	–	0.06%	–
RDC	Sell	ROWAN COMPANIES PLC	$212,000	-3.6%	16,500	-23.3%	0.06%	-6.2%
GOOGL	New	GOOGLE INC-CL A	$214,000	–	220	–	0.06%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS-C	$0	–	-8,800	–	-0.06%	–
GHL	Exit	GREENHILL & CO INC	$0	–	-77,860	–	-0.46%	–
IIVI	Exit	II-VI INC	$0	–	-79,450	–	-0.80%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-97,840	–	-2.12%	–

Q2 2017

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$9,073,000	–	131,625	–	2.65%	–
DAL	New	DELTA AIRLINES INC	$8,803,000	–	163,805	–	2.57%	–
ALL	New	ALLSTATE CORP	$8,324,000	–	94,120	–	2.43%	–
MMM	New	3M COMPANY	$7,727,000	–	37,115	–	2.26%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$7,359,000	–	58,931	–	2.15%	–
TROW	New	T ROWE PRICE GROUP INC	$7,261,000	–	97,840	–	2.12%	–
OMC	New	OMNICOM GROUP INC	$7,251,000	–	87,465	–	2.12%	–
JNJ	New	JOHNSON & JOHNSON	$6,775,000	–	51,211	–	1.98%	–
FDX	New	FEDEX CORPORATION	$6,680,000	–	30,735	–	1.95%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,664,000	–	35,941	–	1.95%	–
C	New	CITIGROUP INC	$6,612,000	–	98,869	–	1.93%	–
GE	New	GENERAL ELECTRIC COMPANY	$6,346,000	–	234,961	–	1.86%	–
PFE	New	PFIZER INCORPORATED	$5,888,000	–	175,282	–	1.72%	–
LKQ	New	LKQ CORP	$5,673,000	–	172,160	–	1.66%	–
AFL	New	A F L A C INC	$5,621,000	–	72,365	–	1.64%	–
AXP	New	AMERICAN EXPRESS CO	$5,579,000	–	66,233	–	1.63%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,553,000	–	45,472	–	1.62%	–
GPC	New	GENUINE PARTS CO	$5,534,000	–	59,661	–	1.62%	–
CVS	New	CVS INC	$5,377,000	–	66,833	–	1.57%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$5,372,000	–	31,715	–	1.57%	–
MDT	New	MEDTRONIC PLC	$5,200,000	–	58,595	–	1.52%	–
INTC	New	INTEL CORP	$5,037,000	–	149,293	–	1.47%	–
KMB	New	KIMBERLY-CLARK CORP	$5,013,000	–	38,825	–	1.46%	–
T	New	A T & T INC NEW	$4,983,000	–	132,075	–	1.46%	–
EAT	New	BRINKER INTL INC	$4,939,000	–	129,625	–	1.44%	–
L100PS	New	ARCONIC CORP	$4,825,000	–	213,036	–	1.41%	–
TEL	New	TE CONNECTIVITY LTD F	$4,727,000	–	60,077	–	1.38%	–
IP	New	INTERNATIONAL PAPER	$4,687,000	–	82,795	–	1.37%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$4,622,000	–	70,775	–	1.35%	–
LEA	New	LEAR CORPORATION	$4,463,000	–	31,415	–	1.30%	–
GPI	New	GROUP 1 AUTOMOTIVE	$3,783,000	–	59,740	–	1.11%	–
LOW	New	LOWE'S COS INC	$3,662,000	–	47,232	–	1.07%	–
NVS	New	NOVARTIS A G SPON ADR	$3,638,000	–	43,590	–	1.06%	–
ARCC	New	ARES CAPITAL CORP	$3,509,000	–	214,254	–	1.03%	–
FL	New	FOOT LOCKER INC	$3,422,000	–	69,448	–	1.00%	–
ABBV	New	ABBVIE INC	$3,325,000	–	45,855	–	0.97%	–
IBM	New	INTL BUSINESS MACHINES	$3,297,000	–	21,431	–	0.96%	–
BK	New	BANK OF NY MELLON CP NEW	$3,286,000	–	64,404	–	0.96%	–
CNK	New	CINEMARK HOLDINGS INC	$3,204,000	–	82,470	–	0.94%	–
DIS	New	THE WALT DISNEY CO	$3,156,000	–	29,705	–	0.92%	–
EFA	New	ISHARES MSCI EAFE ETF	$3,136,000	–	48,104	–	0.92%	–
DISCA	New	DISCOVERY COMMUNICATIONS - A	$2,987,000	–	115,645	–	0.87%	–
ADI	New	ANALOG DEVICES INC	$2,919,000	–	37,525	–	0.85%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$2,887,000	–	224,325	–	0.84%	–
IIVI	New	II-VI INC	$2,725,000	–	79,450	–	0.80%	–
BAX	New	BAXTER INTERNATIONAL	$2,681,000	–	44,284	–	0.78%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,482,000	–	85,008	–	0.73%	–
SPY	New	S P D R S&P 500	$2,483,000	–	10,267	–	0.73%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,426,000	–	16,932	–	0.71%	–
PRA	New	PROASSURANCE CORPORATION	$2,256,000	–	37,100	–	0.66%	–
XOM	New	EXXON MOBIL CORP	$2,189,000	–	27,113	–	0.64%	–
GILD	New	GILEAD SCIENCES INC	$2,179,000	–	30,786	–	0.64%	–
AET	New	AETNA INC	$2,173,000	–	14,312	–	0.64%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,167,000	–	38,899	–	0.63%	–
CAT	New	CATERPILLAR INC	$2,075,000	–	19,310	–	0.61%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,975,000	–	24,525	–	0.58%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$1,923,000	–	78,590	–	0.56%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$1,854,000	–	155,835	–	0.54%	–
AMAT	New	APPLIED MATERIALS INC	$1,834,000	–	44,405	–	0.54%	–
ITT	New	ITT INC	$1,804,000	–	44,897	–	0.53%	–
SYMC	New	SYMANTEC CORP	$1,760,000	–	62,300	–	0.51%	–
NCR	New	NCR CORP NEW	$1,754,000	–	42,960	–	0.51%	–
ABT	New	ABBOTT LABORATORIES	$1,685,000	–	34,658	–	0.49%	–
KN	New	KNOWLES CORP	$1,671,000	–	98,785	–	0.49%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$1,641,000	–	31,460	–	0.48%	–
HBI	New	HANESBRANDS INC	$1,613,000	–	69,625	–	0.47%	–
TGNA	New	TEGNA INC	$1,610,000	–	111,725	–	0.47%	–
JCI	New	JOHNSON CONTROLS INC	$1,601,000	–	36,927	–	0.47%	–
CR	New	CRANE CO	$1,598,000	–	20,135	–	0.47%	–
GHL	New	GREENHILL & CO INC	$1,565,000	–	77,860	–	0.46%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,551,000	–	18,115	–	0.45%	–
CSCO	New	CISCO SYSTEMS INC	$1,543,000	–	49,306	–	0.45%	–
VZ	New	VERIZON COMMUNICATIONS	$1,403,000	–	31,424	–	0.41%	–
DLX	New	DELUXE CORPORATION	$1,342,000	–	19,385	–	0.39%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$1,326,000	–	42,513	–	0.39%	–
L	New	LOEWS CORP	$1,296,000	–	27,695	–	0.38%	–
POT	New	POTASH CORP OF SASKATCHEWAN	$1,269,000	–	77,862	–	0.37%	–
MKSI	New	MKS INSTRUMENTS INC	$1,252,000	–	18,600	–	0.37%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,229,000	–	9,570	–	0.36%	–
UFPT	New	UFP TECHNOLOGIES INC	$1,217,000	–	42,999	–	0.36%	–
JHG	New	JANUS HENDERSON GROUP PLC	$1,218,000	–	36,776	–	0.36%	–
ROSEQ	New	ROSEHILL RESOURCES INC	$1,174,000	–	140,725	–	0.34%	–
HELE	New	HELEN OF TROY LTD	$1,132,000	–	12,025	–	0.33%	–
COP	New	CONOCOPHILLIPS	$1,115,000	–	25,369	–	0.33%	–
LUK	New	LEUCADIA NATIONAL CORP	$1,043,000	–	39,880	–	0.30%	–
PG	New	PROCTER & GAMBLE	$1,032,000	–	11,845	–	0.30%	–
APA	New	APACHE CORP	$1,014,000	–	21,160	–	0.30%	–
GM	New	GENERAL MOTORS CO.	$995,000	–	28,495	–	0.29%	–
CARS	New	CARS.COM INC	$990,000	–	37,172	–	0.29%	–
	New	PURE TECH HEALTH PLC	$957,000	–	580,000	–	0.28%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$926,000	–	6,005	–	0.27%	–
PXD	New	PIONEER NATURAL RES CO	$925,000	–	5,795	–	0.27%	–
ORCL	New	ORACLE CORPORATION	$914,000	–	18,225	–	0.27%	–
TRV	New	TRAVELERS COMPANIES INC	$903,000	–	7,138	–	0.26%	–
AAL	New	AMERICAN AIRLINES GROUP	$892,000	–	17,725	–	0.26%	–
CAG	New	CONAGRA FOODS INC	$890,000	–	24,883	–	0.26%	–
APOG	New	APOGEE ENTERPRISES	$876,000	–	15,415	–	0.26%	–
MLR	New	MILLER INDS INC TENN COM NEW	$875,000	–	35,210	–	0.26%	–
GME	New	GAMESTOP CORP CLASS A	$853,000	–	39,465	–	0.25%	–
WLH	New	WILLIAM LYON HOMES-CL A	$848,000	–	35,125	–	0.25%	–
MRK	New	MERCK & CO INC NEW	$835,000	–	13,025	–	0.24%	–
RRC	New	RANGE RESOURCES CORP DEL	$813,000	–	35,070	–	0.24%	–
FLS	New	FLOWSERVE CORPORATION	$794,000	–	17,110	–	0.23%	–
BBBY	New	BED BATH & BEYOND INC	$788,000	–	25,920	–	0.23%	–
CMCSA	New	COMCAST CORP CL A	$773,000	–	19,870	–	0.23%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$768,000	–	6,771	–	0.22%	–
AON	New	AON PLC	$745,000	–	5,600	–	0.22%	–
SLB	New	SCHLUMBERGER LTD	$743,000	–	11,283	–	0.22%	–
HCAP	New	HARVEST CAPITAL CREDIT CORP	$731,000	–	55,775	–	0.21%	–
BAC	New	BANK OF AMERICA CORP	$659,000	–	27,151	–	0.19%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$656,000	–	11,899	–	0.19%	–
ED	New	CONSOLIDATED EDISON INC	$641,000	–	7,930	–	0.19%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$606,000	–	8,875	–	0.18%	–
EOG	New	E O G RESOURCES INC	$579,000	–	6,400	–	0.17%	–
FITB	New	FIFTH THIRD BANCORP	$579,000	–	22,310	–	0.17%	–
AGN	New	ALLERGAN INC	$562,000	–	2,311	–	0.16%	–
KO	New	COCA COLA COMPANY	$529,000	–	11,785	–	0.16%	–
PKG	New	PACKAGING CORP OF AMERICA	$529,000	–	4,748	–	0.16%	–
AIZ	New	ASSURANT INC	$529,000	–	5,100	–	0.16%	–
ACU	New	ACME UNITED CORP	$513,000	–	17,950	–	0.15%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$513,000	–	12,404	–	0.15%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$506,000	–	3,700	–	0.15%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$502,000	–	4,223	–	0.15%	–
MAT	New	MATTEL INC	$501,000	–	23,255	–	0.15%	–
PEP	New	PEPSICO INC	$489,000	–	4,230	–	0.14%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$478,000	–	5,679	–	0.14%	–
GOOG	New	GOOGLE INC-CL C	$473,000	–	520	–	0.14%	–
CVX	New	CHEVRON CORPORATION	$464,000	–	4,445	–	0.14%	–
RDSB	New	ROYAL DUTCH SHEL PLC SPONS	$431,000	–	7,925	–	0.13%	–
AINV	New	APOLLO INVESTMENT CORP	$425,000	–	66,455	–	0.12%	–
GPX	New	GP STRATEGIES CORP	$418,000	–	15,846	–	0.12%	–
SYK	New	STRYKER CORP	$419,000	–	3,016	–	0.12%	–
VRTX	New	VERTEX PHARMACEUTICALS	$412,000	–	3,200	–	0.12%	–
AMGN	New	AMGEN INCORPORATED	$408,000	–	2,371	–	0.12%	–
SCHZ	New	SCHWAB US AGG BOND ETF	$405,000	–	7,750	–	0.12%	–
LEN	New	LENNAR CORP-A	$405,000	–	7,600	–	0.12%	–
BDX	New	BECTON DICKINSON & CO	$399,000	–	2,045	–	0.12%	–
BOND	New	PIMCO TOTAL RETURN ETF	$400,000	–	3,770	–	0.12%	–
DVN	New	DEVON ENERGY CP NEW	$401,000	–	12,550	–	0.12%	–
VTR	New	VENTAS INC	$389,000	–	5,595	–	0.11%	–
DHI	New	DR HORTON INC	$387,000	–	11,200	–	0.11%	–
MSI	New	MOTOROLA SOLUTIONS INC	$382,000	–	4,400	–	0.11%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$381,000	–	3,483	–	0.11%	–
TEF	New	TELEFONICA SPON ADR	$373,000	–	35,939	–	0.11%	–
MO	New	ALTRIA GROUP INC	$352,000	–	4,730	–	0.10%	–
MOD	New	MODINE MANUFACTURING CO	$352,000	–	21,275	–	0.10%	–
PGR	New	PROGRESSIVE CORP	$344,000	–	7,800	–	0.10%	–
WHR	New	WHIRLPOOL CORP	$311,000	–	1,625	–	0.09%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$308,000	–	9,025	–	0.09%	–
UAL	New	UNITED CONTINENTAL HOLDINGS	$301,000	–	4,000	–	0.09%	–
CXO	New	CONCHO RESOURCES INC	$280,000	–	2,300	–	0.08%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$255,000	–	1	–	0.08%	–
CMT	New	CORE MOLDING TECHNOLOGIES	$252,000	–	11,675	–	0.07%	–
NFX	New	NEWFIELD EXPL CO COM	$251,000	–	8,805	–	0.07%	–
SCHM	New	SCHWAB US MID CAP ETF	$250,000	–	5,200	–	0.07%	–
HI	New	HILLENBRAND INC	$240,000	–	6,650	–	0.07%	–
EBAY	New	EBAY INC	$239,000	–	6,850	–	0.07%	–
SCHA	New	SCHWAB US SMALL-CAP ETF	$233,000	–	3,650	–	0.07%	–
CAH	New	CARDINAL HEALTH	$234,000	–	3,000	–	0.07%	–
ADNT	New	ADIENT PLC	$227,000	–	3,467	–	0.07%	–
DUK	New	DUKE ENERGY CORP NEW	$224,000	–	2,678	–	0.06%	–
DISCK	New	DISCOVERY COMMUNICATIONS-C	$222,000	–	8,800	–	0.06%	–
RDC	New	ROWAN COMPANIES PLC	$220,000	–	21,500	–	0.06%	–
LXP	New	LEXINGTON REALTY TRUST REIT	$190,000	–	19,166	–	0.06%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$168,000	–	22,775	–	0.05%	–
AMSE	New	AMERICAN SANDS ENERGY CORP	$2,000	–	204,521	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
AMSE	Exit	AMERICAN SANDS ENERGY CORP	$0	–	-204,521	–	-0.00%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-11,775	–	-0.06%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT	$0	–	-19,166	–	-0.06%	–
TGT	Exit	TARGET CORP COM	$0	–	-2,990	–	-0.07%	–
SCHA	Exit	SCHWAB US SMALL-CAP ETF	$0	–	-3,650	–	-0.07%	–
HI	Exit	HILLENBRAND INC	$0	–	-6,750	–	-0.07%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-28,275	–	-0.07%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.07%	–
SCHM	Exit	SCHWAB US MID CAP ETF	$0	–	-5,200	–	-0.07%	–
EBAY	Exit	EBAY INC	$0	–	-6,950	–	-0.07%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-3,000	–	-0.08%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,911	–	-0.08%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-4,000	–	-0.08%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-21,600	–	-0.08%	–
BSV	Exit	VANGUARD SHORT TERM BOND ETF	$0	–	-3,345	–	-0.09%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-7,515	–	-0.10%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-20,075	–	-0.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,150	–	-0.10%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-9,700	–	-0.11%	–
ACU	Exit	ACME UNITED CORP	$0	–	-16,000	–	-0.11%	–
SYK	Exit	STRYKER CORP	$0	–	-3,016	–	-0.11%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,045	–	-0.12%	–
NFX	Exit	NEWFIELD EXPL CO COM	$0	–	-8,630	–	-0.12%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,433	–	-0.12%	–
SCHZ	Exit	SCHWAB US AGG BOND ETF	$0	–	-7,250	–	-0.13%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-68,130	–	-0.13%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-25,651	–	-0.13%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-2,406	–	-0.13%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,770	–	-0.13%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-9,950	–	-0.13%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-12,821	–	-0.13%	–
TEF	Exit	TELEFONICA SPON ADR	$0	–	-41,194	–	-0.13%	–
VTR	Exit	VENTAS INC	$0	–	-5,930	–	-0.14%	–
RDSB	Exit	ROYAL DUTCH SHEL PLC SPONS	$0	–	-7,925	–	-0.14%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,663	–	-0.14%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-4,200	–	-0.14%	–
ITT	Exit	ITT INC	$0	–	-12,457	–	-0.14%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,700	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-4,230	–	-0.15%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-12,352	–	-0.15%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-4,620	–	-0.15%	–
KO	Exit	COCA COLA COMPANY	$0	–	-11,785	–	-0.16%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-10,459	–	-0.16%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-7,870	–	-0.17%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-27,085	–	-0.18%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-19,830	–	-0.18%	–
RRC	Exit	RANGE RESOURCES CORP DEL	$0	–	-14,435	–	-0.18%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,430	–	-0.18%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-9,050	–	-0.20%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-5,463	–	-0.20%	–
WLH	Exit	WILLIAM LYON HOMES-CL A	$0	–	-34,735	–	-0.21%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-9,935	–	-0.21%	–
MAT	Exit	MATTEL INC	$0	–	-23,790	–	-0.23%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-9,423	–	-0.24%	–
LBYYQ	Exit	LIBBEY INC	$0	–	-41,337	–	-0.24%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-40,350	–	-0.25%	–
HCAP	Exit	HARVEST CAPITAL CREDIT CORP	$0	–	-63,900	–	-0.25%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-6,777	–	-0.26%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-12,865	–	-0.26%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-6,035	–	-0.27%	–
FLS	Exit	FLOWSERVE CORPORATION	$0	–	-17,560	–	-0.27%	–
GM	Exit	GENERAL MOTORS CO.	$0	–	-27,610	–	-0.28%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-39,735	–	-0.29%	–
TISUQ	Exit	ORCHIDS PAPER PRODUCTS CO	$0	–	-34,180	–	-0.30%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-33,465	–	-0.31%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-7,110	–	-0.33%	–
	Exit	PURE TECH HEALTH PLC	$0	–	-580,000	–	-0.35%	–
PSTB	Exit	PARK STERLING CORP	$0	–	-138,700	–	-0.36%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-12,595	–	-0.36%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-8,970	–	-0.38%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-24,978	–	-0.38%	–
SPA	Exit	SPARTON CORP	$0	–	-47,430	–	-0.40%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-28,989	–	-0.41%	–
POT	Exit	POTASH CORP OF SASKATCHEWAN	$0	–	-78,512	–	-0.41%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-19,395	–	-0.42%	–
L	Exit	LOEWS CORP	$0	–	-31,520	–	-0.42%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-49,919	–	-0.43%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-43,905	–	-0.43%	–
OKSB	Exit	SOUTHWEST BANCORP INC	$0	–	-71,960	–	-0.44%	–
APA	Exit	APACHE CORP	$0	–	-21,930	–	-0.45%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-26,967	–	-0.45%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-20,890	–	-0.46%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-33,817	–	-0.46%	–
CR	Exit	CRANE CO	$0	–	-22,990	–	-0.47%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-34,527	–	-0.48%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-17,203	–	-0.48%	–
KN	Exit	KNOWLES CORP	$0	–	-107,225	–	-0.49%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-31,350	–	-0.50%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS	$0	–	-36,710	–	-0.51%	–
NCR	Exit	NCR CORP NEW	$0	–	-50,375	–	-0.52%	–
AIRM	Exit	AIR METHODS CORP	$0	–	-52,330	–	-0.53%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-127,465	–	-0.53%	–
AET	Exit	AETNA INC	$0	–	-14,362	–	-0.54%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-36,497	–	-0.55%	–
CAT	Exit	CATERPILLAR INC	$0	–	-19,485	–	-0.56%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-82,345	–	-0.61%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-36,149	–	-0.63%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-26,525	–	-0.65%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-17,052	–	-0.66%	–
WGO	Exit	WINNEBAGO INDUSTRIES INC	$0	–	-88,290	–	-0.67%	–
PRA	Exit	PROASSURANCE CORPORATION	$0	–	-39,730	–	-0.67%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-43,984	–	-0.68%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-23,110	–	-0.69%	–
M	Exit	MACY'S INC	$0	–	-58,670	–	-0.70%	–
SPY	Exit	S P D R S&P 500	$0	–	-10,417	–	-0.73%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-81,518	–	-0.73%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-29,496	–	-0.75%	–
TGNA	Exit	TEGNA INC	$0	–	-109,210	–	-0.77%	–
HRB	Exit	H&R BLOCK, INC.	$0	–	-103,255	–	-0.77%	–
EFA	Exit	ISHARES TR MSCI INDEX FU	$0	–	-40,604	–	-0.78%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-37,575	–	-0.78%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-64,654	–	-0.83%	–
ABBV	Exit	ABBVIE INC	$0	–	-43,795	–	-0.89%	–
DE	Exit	DEERE & CO	$0	–	-33,509	–	-0.92%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-197,290	–	-0.94%	–
BA	Exit	BOEING CO	$0	–	-23,626	–	-1.01%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-45,275	–	-1.08%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-87,185	–	-1.08%	–
LOW	Exit	LOWE'S COS INC	$0	–	-47,202	–	-1.10%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-221,078	–	-1.11%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-54,680	–	-1.13%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-22,005	–	-1.13%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-45,040	–	-1.15%	–
LKQ	Exit	LKQ CORP	$0	–	-103,720	–	-1.19%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-60,321	–	-1.26%	–
LEA	Exit	LEAR CORPORATION	$0	–	-32,050	–	-1.26%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-82,685	–	-1.28%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-92,475	–	-1.32%	–
C	Exit	CITIGROUP INC	$0	–	-88,834	–	-1.36%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-65,583	–	-1.36%	–
CSX	Exit	CSX CORP	$0	–	-141,570	–	-1.40%	–
CVS	Exit	CVS INC	$0	–	-51,645	–	-1.48%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-45,882	–	-1.51%	–
FL	Exit	FOOT LOCKER INC	$0	–	-68,965	–	-1.51%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-27,825	–	-1.57%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-39,193	–	-1.60%	–
T	Exit	A T & T INC NEW	$0	–	-123,880	–	-1.63%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-204,940	–	-1.66%	–
AFL	Exit	A F L A C INC	$0	–	-72,165	–	-1.68%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-37,616	–	-1.70%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-160,007	–	-1.75%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-60,701	–	-1.77%	–
INTC	Exit	INTEL CORP	$0	–	-146,178	–	-1.78%	–
AAPL	Exit	APPLE INC	$0	–	-52,327	–	-1.91%	–
AA	Exit	ARCONIC INC	$0	–	-588,775	–	-1.93%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-59,761	–	-1.94%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-51,086	–	-1.95%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-154,080	–	-1.96%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-76,895	–	-2.11%	–
MMM	Exit	3M COMPANY	$0	–	-37,165	–	-2.12%	–
ALL	Exit	ALLSTATE CORP	$0	–	-94,955	–	-2.12%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-231,971	–	-2.22%	–
EAT	Exit	BRINKER INTL INC	$0	–	-138,610	–	-2.26%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-129,225	–	-2.40%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$7,443,000	+13.6%	129,225	+0.9%	2.40%	+8.0%
EAT	Sell	BRINKER INTL INC	$6,990,000	+10.0%	138,610	-0.7%	2.26%	+4.6%
GE	Buy	GENERAL ELECTRIC COMPANY	$6,871,000	-5.4%	231,971	+0.5%	2.22%	-10.0%
ALL	Buy	ALLSTATE CORP	$6,569,000	-0.6%	94,955	+0.5%	2.12%	-5.4%
MMM	Sell	3M COMPANY	$6,550,000	+0.6%	37,165	-0.1%	2.12%	-4.3%
OMC	Sell	OMNICOM GROUP INC	$6,536,000	+2.9%	76,895	-1.3%	2.11%	-2.1%
DAL	Sell	DELTA AIRLINES INC	$6,065,000	-13.3%	154,080	-19.8%	1.96%	-17.5%
JNJ	Sell	JOHNSON & JOHNSON	$6,035,000	-3.6%	51,086	-1.0%	1.95%	-8.4%
GPC	Sell	GENUINE PARTS CO	$6,003,000	-3.1%	59,761	-2.4%	1.94%	-7.9%
AA	New	ARCONIC INC	$5,970,000	–	588,775	–	1.93%	–
AAPL	Buy	APPLE INC	$5,916,000	+19.3%	52,327	+0.8%	1.91%	+13.5%
INTC	Sell	INTEL CORP	$5,518,000	+14.8%	146,178	-0.2%	1.78%	+9.3%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$5,469,000	+11.4%	60,701	+0.6%	1.77%	+5.9%
PFE	Buy	PFIZER INCORPORATED	$5,419,000	-1.9%	160,007	+2.0%	1.75%	-6.7%
UNH	Sell	UNITEDHEALTH GROUP INC	$5,266,000	-2.2%	37,616	-1.3%	1.70%	-6.9%
AFL	Buy	A F L A C INC	$5,186,000	+0.0%	72,165	+0.4%	1.68%	-4.8%
SYMC	Sell	SYMANTEC CORP	$5,144,000	+17.7%	204,940	-3.6%	1.66%	+12.0%
T	Buy	A T & T INC NEW	$5,031,000	-5.5%	123,880	+0.5%	1.63%	-10.1%
KMB	Sell	KIMBERLY-CLARK CORP	$4,944,000	-8.8%	39,193	-0.6%	1.60%	-13.2%
FDX	Buy	FEDEX CORPORATION	$4,860,000	+16.7%	27,825	+1.4%	1.57%	+11.1%
FL	Sell	FOOT LOCKER INC	$4,670,000	+22.0%	68,965	-1.2%	1.51%	+16.0%
UTX	Buy	UNITED TECHNOLOGIES CORP	$4,662,000	-0.4%	45,882	+0.5%	1.51%	-5.3%
CVS	Buy	CVS INC	$4,596,000	-6.7%	51,645	+0.4%	1.48%	-11.2%
CSX	Buy	CSX CORP	$4,318,000	+17.6%	141,570	+0.5%	1.40%	+11.8%
AXP	Sell	AMERICAN EXPRESS CO	$4,200,000	+4.7%	65,583	-0.7%	1.36%	-0.4%
C	Buy	CITIGROUP INC	$4,196,000	+13.0%	88,834	+1.4%	1.36%	+7.4%
WFC	Buy	WELLS FARGO & CO	$4,095,000	-5.8%	92,475	+0.7%	1.32%	-10.4%
IP	Sell	INTERNATIONAL PAPER	$3,967,000	+12.5%	82,685	-0.7%	1.28%	+7.0%
LEA	Sell	LEAR CORPORATION	$3,885,000	+16.5%	32,050	-2.2%	1.26%	+10.9%
TEL	Buy	TE CONNECTIVITY LTD F	$3,883,000	+13.4%	60,321	+0.6%	1.26%	+7.9%
LKQ	Sell	LKQ CORP	$3,678,000	+9.7%	103,720	-1.9%	1.19%	+4.4%
NVS	Sell	NOVARTIS A G SPON ADR	$3,556,000	-5.1%	45,040	-0.8%	1.15%	-9.7%
IBM	Sell	INTL BUSINESS MACHINES	$3,495,000	+4.6%	22,005	-0.0%	1.13%	-0.4%
GPI	Sell	GROUP 1 AUTOMOTIVE	$3,493,000	+27.4%	54,680	-1.6%	1.13%	+21.1%
ARCC	Sell	ARES CAPITAL CORP	$3,427,000	+6.7%	221,078	-2.3%	1.11%	+1.6%
LOW	New	LOWE'S COS INC	$3,408,000	–	47,202	–	1.10%	–
CMP	Buy	COMPASS MINERALS INTERNATIONAL	$3,337,000	+30.4%	45,275	+31.2%	1.08%	+23.9%
CNK	Sell	CINEMARK HOLDINGS INC	$3,337,000	+4.7%	87,185	-0.2%	1.08%	-0.4%
BA	Buy	BOEING CO	$3,112,000	+3.2%	23,626	+1.7%	1.01%	-1.9%
MPW	Sell	MEDICAL PROPERTIES TRUST INC	$2,914,000	-8.6%	197,290	-5.8%	0.94%	-13.0%
DE	Sell	DEERE & CO	$2,860,000	+3.9%	33,509	-1.3%	0.92%	-1.2%
ABBV	Buy	ABBVIE INC	$2,762,000	+2.7%	43,795	+0.8%	0.89%	-2.3%
BK	Sell	BANK OF NY MELLON CP NEW	$2,578,000	+2.5%	64,654	-0.1%	0.83%	-2.5%
ADI	Sell	ANALOG DEVICES INC	$2,422,000	+10.8%	37,575	-2.6%	0.78%	+5.5%
EFA	Buy	ISHARES TR MSCI INDEX FU	$2,401,000	+8.0%	40,604	+2.0%	0.78%	+2.8%
HRB	New	H&R BLOCK, INC.	$2,390,000	–	103,255	–	0.77%	–
TGNA	Sell	TEGNA INC	$2,387,000	-6.8%	109,210	-1.2%	0.77%	-11.4%
GILD	Buy	GILEAD SCIENCES INC	$2,334,000	-4.3%	29,496	+0.9%	0.75%	-8.9%
SU	Buy	SUNCOR ENERGY INC NEW F	$2,265,000	+1.3%	81,518	+1.0%	0.73%	-3.7%
SPY	Sell	S P D R S&P 500	$2,253,000	+2.1%	10,417	-1.1%	0.73%	-2.8%
M	Sell	MACY'S INC	$2,174,000	+9.3%	58,670	-0.8%	0.70%	+4.0%
DIS	Buy	THE WALT DISNEY CO	$2,146,000	+507.9%	23,110	+541.1%	0.69%	+478.3%
BAX	Sell	BAXTER INTERNATIONAL	$2,094,000	+4.0%	43,984	-1.2%	0.68%	-1.0%
PRA	Sell	PROASSURANCE CORPORATION	$2,085,000	-9.3%	39,730	-7.4%	0.67%	-13.7%
WGO	Sell	WINNEBAGO INDUSTRIES INC	$2,081,000	-0.3%	88,290	-3.0%	0.67%	-5.1%
ITW	Sell	ILLINOIS TOOL WORKS INC	$2,044,000	+11.1%	17,052	-3.4%	0.66%	+5.8%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$2,011,000	+2.9%	26,525	-3.6%	0.65%	-2.1%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$1,949,000	-24.2%	36,149	+3.4%	0.63%	-27.8%
CHSP	Sell	CHESAPEAKE LODGING TRUST	$1,886,000	-3.8%	82,345	-2.3%	0.61%	-8.4%
CAT	Sell	CATERPILLAR INC	$1,730,000	+16.5%	19,485	-0.5%	0.56%	+10.9%
JCI	New	JOHNSON CONTROLS INC	$1,698,000	–	36,497	–	0.55%	–
AET	Sell	AETNA INC	$1,658,000	-6.1%	14,362	-0.6%	0.54%	-10.7%
SFE	Sell	SAFEGUARD SCIENT INC NEW	$1,652,000	+0.7%	127,465	-2.9%	0.53%	-4.1%
AIRM	Buy	AIR METHODS CORP	$1,648,000	+20.1%	52,330	+36.6%	0.53%	+14.4%
NCR	Sell	NCR CORP NEW	$1,622,000	+10.9%	50,375	-4.4%	0.52%	+5.4%
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS	$1,572,000	–	36,710	–	0.51%	–
MKSI	Sell	MKS INSTRUMENTS INC	$1,559,000	+9.9%	31,350	-4.9%	0.50%	+4.6%
KN	Sell	KNOWLES CORP	$1,507,000	-1.4%	107,225	-4.0%	0.49%	-6.2%
XOM	Sell	EXXON MOBIL CORP	$1,501,000	-7.1%	17,203	-0.2%	0.48%	-11.7%
BBBY	Sell	BED BATH & BEYOND INC	$1,488,000	-45.4%	34,527	-45.2%	0.48%	-48.0%
CR	Sell	CRANE CO	$1,449,000	+5.8%	22,990	-4.8%	0.47%	+0.6%
ABT	Sell	ABBOTT LABORATORIES	$1,430,000	+7.4%	33,817	-0.1%	0.46%	+2.2%
LSTR	Sell	LANDSTAR SYSTEM INC	$1,422,000	-5.7%	20,890	-4.9%	0.46%	-10.2%
APA	Sell	APACHE CORP	$1,401,000	+14.6%	21,930	-0.1%	0.45%	+9.2%
VZ	Buy	VERIZON COMMUNICATIONS	$1,402,000	-3.8%	26,967	+3.3%	0.45%	-8.5%
OKSB	Sell	SOUTHWEST BANCORP INC	$1,367,000	+7.3%	71,960	-4.4%	0.44%	+2.1%
UFPT	Sell	UFP TECHNOLOGIES INC	$1,323,000	+10.7%	49,919	-5.8%	0.43%	+5.4%
L	Sell	LOEWS CORP	$1,297,000	-48.8%	31,520	-48.9%	0.42%	-51.3%
DLX	Sell	DELUXE CORPORATION	$1,296,000	-5.7%	19,395	-6.3%	0.42%	-10.3%
POT	Sell	POTASH CORP OF SASKATCHEWAN	$1,281,000	-1.4%	78,512	-1.9%	0.41%	-6.1%
COP	Buy	CONOCOPHILLIPS	$1,260,000	-0.2%	28,989	+0.1%	0.41%	-5.1%
SPA	Sell	SPARTON CORP	$1,246,000	+15.2%	47,430	-4.5%	0.40%	+9.5%
CAG	Buy	CONAGRA FOODS INC	$1,177,000	+0.2%	24,978	+1.6%	0.38%	-4.8%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$1,166,000	+5.1%	8,970	-2.6%	0.38%	0.0%
PG	Buy	PROCTER & GAMBLE	$1,130,000	+7.0%	12,595	+1.0%	0.36%	+1.7%
PSTB	Sell	PARK STERLING CORP	$1,126,000	+8.4%	138,700	-5.4%	0.36%	+3.1%
	Sell	PURE TECH HEALTH PLC	$1,090,000	-16.5%	580,000	-4.9%	0.35%	-20.5%
BRKB	Buy	BERKSHIRE HATHAWAY B NEW CLASS	$1,027,000	+4.2%	7,110	+4.4%	0.33%	-0.9%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$959,000	+2.5%	33,465	-5.4%	0.31%	-2.5%
TISUQ	Buy	ORCHIDS PAPER PRODUCTS CO	$931,000	+96.8%	34,180	+157.0%	0.30%	+87.0%
MLR	Sell	MILLER INDS INC TENN COM NEW	$906,000	+3.3%	39,735	-6.7%	0.29%	-1.7%
GM	New	GENERAL MOTORS CO.	$877,000	–	27,610	–	0.28%	–
FLS	Sell	FLOWSERVE CORPORATION	$847,000	+2.4%	17,560	-4.1%	0.27%	-2.5%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$830,000	-1.8%	6,035	-6.9%	0.27%	-6.6%
MRK	Buy	MERCK & CO INC NEW	$803,000	+8.7%	12,865	+0.4%	0.26%	+3.6%
TIP	Sell	ISHARES TR BARCLAYS TIPS BOND	$789,000	-3.1%	6,777	-2.9%	0.26%	-7.9%
HCAP	Sell	HARVEST CAPITAL CREDIT CORP	$778,000	-9.8%	63,900	-5.3%	0.25%	-14.3%
LUK	Sell	LEUCADIA NATIONAL CORP	$768,000	+1.7%	40,350	-7.3%	0.25%	-3.1%
LBYYQ	Sell	LIBBEY INC	$738,000	+6.3%	41,337	-5.4%	0.24%	+1.3%
MAT	Sell	MATTEL INC	$720,000	-3.6%	23,790	-0.4%	0.23%	-8.3%
CMCSA	Sell	COMCAST CORP CL A	$659,000	-0.3%	9,935	-2.0%	0.21%	-5.3%
WLH	Sell	WILLIAM LYON HOMES-CL A	$644,000	+14.8%	34,735	-0.1%	0.21%	+8.9%
RRC	Sell	RANGE RESOURCES CORP DEL	$559,000	-16.9%	14,435	-7.5%	0.18%	-21.0%
TGI	Sell	TRIUMPH GROUP INC	$553,000	-25.8%	19,830	-5.5%	0.18%	-29.2%
TROW	Buy	T ROWE PRICE GROUP INC	$523,000	-8.1%	7,870	+0.9%	0.17%	-12.4%
KO	Sell	COCA COLA COMPANY	$499,000	-7.4%	11,785	-0.8%	0.16%	-12.0%
ITT	Buy	ITT INC	$446,000	+13.2%	12,457	+1.0%	0.14%	+7.5%
TEF	Sell	TELEFONICA SPON ADR	$415,000	+4.0%	41,194	-2.1%	0.13%	-1.5%
CSCO	Buy	CISCO SYSTEMS INC	$407,000	+76.2%	12,821	+59.0%	0.13%	+69.2%
BAC	Buy	BANK OF AMERICA CORP	$401,000	+17.9%	25,651	+0.2%	0.13%	+12.1%
AGG	Buy	iSHARES BARCLAYS AGGREGATE BON	$386,000	+2.9%	3,433	+3.1%	0.12%	-1.6%
NFX	Sell	NEWFIELD EXPL CO COM	$375,000	-1.8%	8,630	-0.2%	0.12%	-6.9%
MO	Sell	ALTRIA GROUP INC	$326,000	-11.9%	5,150	-3.9%	0.10%	-16.7%
RDC	Buy	ROWAN COMPANIES PLC	$304,000	-8.4%	20,075	+6.9%	0.10%	-13.3%
ORCL	Sell	ORACLE CORPORATION	$295,000	-7.8%	7,515	-3.8%	0.10%	-12.8%
BSV	New	VANGUARD SHORT TERM BOND ETF	$270,000	–	3,345	–	0.09%	–
APC	Sell	ANADARKO PETROLEUM CORP	$253,000	+2.0%	4,000	-14.0%	0.08%	-2.4%
EBAY	New	EBAY INC	$229,000	–	6,950	–	0.07%	–
HI	Sell	HILLENBRAND INC	$214,000	-5.7%	6,750	-10.6%	0.07%	-10.4%
SCHA	New	SCHWAB US SMALL-CAP ETF	$210,000	–	3,650	–	0.07%	–
BZET	Exit	MACKAY LIFE SCIENCES INC	$0	–	-84,375	–	0.00%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-10,982	–	-0.25%	–
WCIC	Exit	WCI COMMUNITIES INC	$0	–	-65,040	–	-0.37%	–
OUTR	Exit	OUTERWALL INC	$0	–	-37,855	–	-0.54%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-43,695	–	-0.66%	–
AA	Exit	ALCOA INC	$0	–	-592,170	–	-1.86%	–

Q2 2016

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC COMPANY	$7,264,000	–	230,741	–	2.47%	–
DAL	New	DELTA AIRLINES INC	$6,998,000	–	192,095	–	2.38%	–
ALL	New	ALLSTATE CORP	$6,609,000	–	94,475	–	2.24%	–
MSFT	New	MICROSOFT CORP	$6,553,000	–	128,065	–	2.23%	–
MMM	New	3M COMPANY	$6,512,000	–	37,185	–	2.21%	–
EAT	New	BRINKER INTL INC	$6,357,000	–	139,625	–	2.16%	–
OMC	New	OMNICOM GROUP INC	$6,349,000	–	77,914	–	2.16%	–
JNJ	New	JOHNSON & JOHNSON	$6,263,000	–	51,628	–	2.13%	–
GPC	New	GENUINE PARTS CO	$6,198,000	–	61,218	–	2.11%	–
PFE	New	PFIZER INCORPORATED	$5,523,000	–	156,872	–	1.88%	–
AA	New	ALCOA INC	$5,489,000	–	592,170	–	1.86%	–
KMB	New	KIMBERLY-CLARK CORP	$5,419,000	–	39,418	–	1.84%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,383,000	–	38,126	–	1.83%	–
T	New	A T & T INC NEW	$5,326,000	–	123,270	–	1.81%	–
AFL	New	A F L A C INC	$5,185,000	–	71,860	–	1.76%	–
AAPL	New	APPLE INC	$4,960,000	–	51,887	–	1.68%	–
CVS	New	CVS INC	$4,925,000	–	51,440	–	1.67%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,910,000	–	60,326	–	1.67%	–
INTC	New	INTEL CORP	$4,805,000	–	146,493	–	1.63%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,682,000	–	45,657	–	1.59%	–
SYMC	New	SYMANTEC CORP	$4,369,000	–	212,695	–	1.48%	–
WFC	New	WELLS FARGO & CO	$4,346,000	–	91,825	–	1.48%	–
FDX	New	FEDEX CORPORATION	$4,163,000	–	27,430	–	1.41%	–
AXP	New	AMERICAN EXPRESS CO	$4,013,000	–	66,048	–	1.36%	–
FL	New	FOOT LOCKER INC	$3,829,000	–	69,790	–	1.30%	–
NVS	New	NOVARTIS A G SPON ADR	$3,746,000	–	45,405	–	1.27%	–
C	New	CITIGROUP INC	$3,714,000	–	87,609	–	1.26%	–
CSX	New	CSX CORP	$3,673,000	–	140,825	–	1.25%	–
IP	New	INTERNATIONAL PAPER	$3,527,000	–	83,235	–	1.20%	–
TEL	New	TE CONNECTIVITY LTD F	$3,424,000	–	59,951	–	1.16%	–
LKQ	New	LKQ CORP	$3,352,000	–	105,745	–	1.14%	–
IBM	New	INTL BUSINESS MACHINES	$3,341,000	–	22,010	–	1.14%	–
LEA	New	LEAR CORPORATION	$3,334,000	–	32,765	–	1.13%	–
ARCC	New	ARES CAPITAL CORP	$3,212,000	–	226,178	–	1.09%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$3,187,000	–	209,525	–	1.08%	–
CNK	New	CINEMARK HOLDINGS INC	$3,186,000	–	87,385	–	1.08%	–
BA	New	BOEING CO	$3,016,000	–	23,221	–	1.02%	–
DE	New	DEERE & CO	$2,752,000	–	33,954	–	0.94%	–
GPI	New	GROUP 1 AUTOMOTIVE	$2,742,000	–	55,555	–	0.93%	–
BBBY	New	BED BATH & BEYOND INC	$2,723,000	–	63,007	–	0.92%	–
ABBV	New	ABBVIE INC	$2,690,000	–	43,445	–	0.91%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,570,000	–	34,944	–	0.87%	–
TGNA	New	TEGNA INC	$2,561,000	–	110,535	–	0.87%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$2,560,000	–	34,505	–	0.87%	–
L	New	LOEWS CORP	$2,534,000	–	61,660	–	0.86%	–
BK	New	BANK OF NY MELLON CP NEW	$2,514,000	–	64,699	–	0.85%	–
GILD	New	GILEAD SCIENCES INC	$2,438,000	–	29,221	–	0.83%	–
PRA	New	PROASSURANCE CORPORATION	$2,298,000	–	42,905	–	0.78%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,237,000	–	80,688	–	0.76%	–
EFA	New	ISHARES TR MSCI INDEX FU	$2,223,000	–	39,822	–	0.76%	–
SPY	New	S P D R S&P 500	$2,206,000	–	10,532	–	0.75%	–
ADI	New	ANALOG DEVICES INC	$2,185,000	–	38,575	–	0.74%	–
WGO	New	WINNEBAGO INDUSTRIES INC	$2,087,000	–	91,040	–	0.71%	–
BAX	New	BAXTER INTERNATIONAL	$2,013,000	–	44,509	–	0.68%	–
M	New	MACY'S INC	$1,989,000	–	59,170	–	0.68%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$1,960,000	–	84,295	–	0.67%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$1,955,000	–	27,525	–	0.66%	–
JCI	New	JOHNSON CONTROLS INC	$1,934,000	–	43,695	–	0.66%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,839,000	–	17,652	–	0.62%	–
AET	New	AETNA INC	$1,765,000	–	14,452	–	0.60%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$1,640,000	–	131,315	–	0.56%	–
XOM	New	EXXON MOBIL CORP	$1,616,000	–	17,243	–	0.55%	–
OUTR	New	OUTERWALL INC	$1,590,000	–	37,855	–	0.54%	–
KN	New	KNOWLES CORP	$1,528,000	–	111,675	–	0.52%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,508,000	–	21,965	–	0.51%	–
CAT	New	CATERPILLAR INC	$1,485,000	–	19,585	–	0.50%	–
NCR	New	NCR CORP NEW	$1,463,000	–	52,675	–	0.50%	–
VZ	New	VERIZON COMMUNICATIONS	$1,458,000	–	26,102	–	0.50%	–
MKSI	New	MKS INSTRUMENTS INC	$1,419,000	–	32,950	–	0.48%	–
DLX	New	DELUXE CORPORATION	$1,374,000	–	20,695	–	0.47%	–
AIRM	New	AIR METHODS CORP	$1,372,000	–	38,300	–	0.47%	–
CR	New	CRANE CO	$1,369,000	–	24,140	–	0.46%	–
ABT	New	ABBOTT LABORATORIES	$1,331,000	–	33,867	–	0.45%	–
	New	PureTech Health PLC ordinary	$1,305,000	–	610,000	–	0.44%	–
POT	New	POTASH CORP OF SASKATCHEWAN	$1,299,000	–	80,012	–	0.44%	–
OKSB	New	SOUTHWEST BANCORP INC	$1,274,000	–	75,260	–	0.43%	–
COP	New	CONOCOPHILLIPS	$1,263,000	–	28,959	–	0.43%	–
APA	New	APACHE CORP	$1,222,000	–	21,945	–	0.42%	–
UFPT	New	UFP TECHNOLOGIES INC	$1,195,000	–	53,019	–	0.41%	–
CAG	New	CONAGRA FOODS INC	$1,175,000	–	24,573	–	0.40%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,109,000	–	9,210	–	0.38%	–
WCIC	New	WCI COMMUNITIES INC	$1,099,000	–	65,040	–	0.37%	–
SPA	New	SPARTON CORP	$1,082,000	–	49,680	–	0.37%	–
PG	New	PROCTER & GAMBLE	$1,056,000	–	12,475	–	0.36%	–
AMAT	New	APPLIED MATERIALS INC	$1,052,000	–	43,905	–	0.36%	–
PSTB	New	PARK STERLING CORP	$1,039,000	–	146,600	–	0.35%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$986,000	–	6,810	–	0.34%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$936,000	–	35,365	–	0.32%	–
MLR	New	MILLER INDS INC TENN COM NEW	$877,000	–	42,585	–	0.30%	–
HCAP	New	HARVEST CAPITAL CREDIT CORP	$863,000	–	67,500	–	0.29%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$845,000	–	6,485	–	0.29%	–
FLS	New	FLOWSERVE CORPORATION	$827,000	–	18,310	–	0.28%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$814,000	–	6,977	–	0.28%	–
LUK	New	LEUCADIA NATIONAL CORP	$755,000	–	43,550	–	0.26%	–
MAT	New	MATTEL INC	$747,000	–	23,880	–	0.25%	–
SLB	New	SCHLUMBERGER LTD	$745,000	–	9,423	–	0.25%	–
TGI	New	TRIUMPH GROUP INC	$745,000	–	20,980	–	0.25%	–
MRK	New	MERCK & CO INC NEW	$739,000	–	12,820	–	0.25%	–
GAS	New	AGL RESOURCES INC	$724,000	–	10,982	–	0.25%	–
LBYYQ	New	LIBBEY INC	$694,000	–	43,687	–	0.24%	–
RRC	New	RANGE RESOURCES CORP DEL	$673,000	–	15,610	–	0.23%	–
CMCSA	New	COMCAST CORP CL A	$661,000	–	10,135	–	0.22%	–
TRV	New	TRAVELERS COMPANIES INC	$650,000	–	5,463	–	0.22%	–
ED	New	CONSOLIDATED EDISON INC	$598,000	–	7,430	–	0.20%	–
TROW	New	T ROWE PRICE GROUP INC	$569,000	–	7,800	–	0.19%	–
WLH	New	WILLIAM LYON HOMES-CL A	$561,000	–	34,775	–	0.19%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$557,000	–	9,050	–	0.19%	–
KO	New	COCA COLA COMPANY	$539,000	–	11,885	–	0.18%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$488,000	–	10,459	–	0.17%	–
CVX	New	CHEVRON CORPORATION	$484,000	–	4,620	–	0.16%	–
FITB	New	FIFTH THIRD BANCORP	$476,000	–	27,085	–	0.16%	–
TISUQ	New	ORCHIDS PAPER PRODUCTS CO	$473,000	–	13,300	–	0.16%	–
PEP	New	PEPSICO INC	$448,000	–	4,230	–	0.15%	–
RDSB	New	ROYAL DUTCH SHEL PLC SPONS	$444,000	–	7,925	–	0.15%	–
VTR	New	VENTAS INC	$432,000	–	5,930	–	0.15%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$431,000	–	3,700	–	0.15%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$424,000	–	12,352	–	0.14%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$421,000	–	5,663	–	0.14%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$409,000	–	4,200	–	0.14%	–
BOND	New	PIMCO TOTAL RETURN ETF	$405,000	–	3,770	–	0.14%	–
TEF	New	TELEFONICA SPON ADR	$399,000	–	42,065	–	0.14%	–
ITT	New	ITT INC	$394,000	–	12,332	–	0.13%	–
SCHZ	New	SCHWAB US AGG BOND ETF	$389,000	–	7,250	–	0.13%	–
NFX	New	NEWFIELD EXPL CO COM	$382,000	–	8,650	–	0.13%	–
AINV	New	APOLLO INVESTMENT CORP	$377,000	–	68,130	–	0.13%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$375,000	–	3,330	–	0.13%	–
MO	New	ALTRIA GROUP INC	$370,000	–	5,360	–	0.13%	–
AMGN	New	AMGEN INCORPORATED	$366,000	–	2,406	–	0.12%	–
SYK	New	STRYKER CORP	$361,000	–	3,016	–	0.12%	–
PYPL	New	PAYPAL HOLDINGS INC	$363,000	–	9,950	–	0.12%	–
DIS	New	THE WALT DISNEY CO	$353,000	–	3,605	–	0.12%	–
BDX	New	BECTON DICKINSON & CO	$347,000	–	2,045	–	0.12%	–
BAC	New	BANK OF AMERICA CORP	$340,000	–	25,591	–	0.12%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$339,000	–	9,700	–	0.12%	–
RDC	New	ROWAN COMPANIES PLC	$332,000	–	18,775	–	0.11%	–
ORCL	New	ORACLE CORPORATION	$320,000	–	7,815	–	0.11%	–
ACU	New	ACME UNITED CORP	$293,000	–	16,000	–	0.10%	–
DUK	New	DUKE ENERGY CORP NEW	$250,000	–	2,911	–	0.08%	–
APC	New	ANADARKO PETROLEUM CORP	$248,000	–	4,650	–	0.08%	–
CAH	New	CARDINAL HEALTH	$234,000	–	3,000	–	0.08%	–
CSCO	New	CISCO SYSTEMS INC	$231,000	–	8,066	–	0.08%	–
HI	New	HILLENBRAND INC	$227,000	–	7,550	–	0.08%	–
SCHM	New	SCHWAB US MID CAP ETF	$218,000	–	5,200	–	0.07%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$217,000	–	1	–	0.07%	–
TGT	New	TARGET CORP COM	$209,000	–	2,990	–	0.07%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$193,000	–	28,275	–	0.07%	–
LXP	New	LEXINGTON REALTY TRUST REIT	$194,000	–	19,166	–	0.07%	–
MOD	New	MODINE MANUFACTURING CO	$190,000	–	21,600	–	0.06%	–
CMT	New	CORE MOLDING TECHNOLOGIES	$161,000	–	11,775	–	0.06%	–
AMSE	New	AMERICAN SANDS ENERGY CORP	$8,000	–	204,521	–	0.00%	–
BZET	New	MACKAY LIFE SCIENCES INC	$0	–	84,375	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
BCCI	Exit	BARISTAS COFFEE CO INC	$0	–	-10,000	–	0.00%	–
BZET	Exit	MACKAY LIFE SCIENCES INC	$0	–	-84,375	–	0.00%	–
AMSE	Exit	AMERICAN SANDS ENERGY CORP	$0	–	-204,521	–	-0.01%	–
NEBLQ	Exit	NOBLE CORP PLC	$0	–	-14,765	–	-0.06%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT	$0	–	-22,155	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,781	–	-0.07%	–
SCHM	Exit	SCHWAB US MID CAP ETF	$0	–	-5,200	–	-0.07%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-8,066	–	-0.08%	–
FINL	Exit	FINISH LINE/THE-CL A	$0	–	-11,450	–	-0.08%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP	$0	–	-34,475	–	-0.08%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-3,175	–	-0.08%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-3,000	–	-0.08%	–
TGT	Exit	TARGET CORP COM	$0	–	-2,950	–	-0.08%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-9,800	–	-0.09%	–
SPA	Exit	SPARTON CORP	$0	–	-11,450	–	-0.09%	–
NEWP	Exit	NEWPORT CORP	$0	–	-18,025	–	-0.09%	–
ITT	Exit	I T T CORPORATION	$0	–	-7,932	–	-0.09%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,045	–	-0.10%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-16,965	–	-0.10%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC	$0	–	-21,005	–	-0.10%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-7,865	–	-0.10%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-15,575	–	-0.10%	–
SYK	Exit	STRYKER CORP	$0	–	-3,066	–	-0.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,410	–	-0.10%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-10,000	–	-0.11%	–
MOD	Exit	MODINE MANUFACTURING CO	$0	–	-39,900	–	-0.11%	–
NFX	Exit	NEWFIELD EXPL CO COM	$0	–	-9,850	–	-0.12%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-2,422	–	-0.12%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-4,950	–	-0.12%	–
ESV	Exit	ENSCO PLC-SPON ADR	$0	–	-24,705	–	-0.12%	–
DESTQ	Exit	DESTINATION MATERNITY CORP C	$0	–	-38,150	–	-0.12%	–
SCHZ	Exit	SCHWAB US AGG BOND ETF	$0	–	-6,925	–	-0.13%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-4,111	–	-0.13%	–
RDSB	Exit	ROYAL DUTCH SHEL PLC SPONS	$0	–	-7,925	–	-0.13%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,675	–	-0.14%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-3,480	–	-0.14%	–
UBSH	Exit	UNION BANKSHARES CORP	$0	–	-16,300	–	-0.14%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,770	–	-0.14%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,700	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-4,260	–	-0.14%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-26,247	–	-0.14%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-12,552	–	-0.15%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-5,665	–	-0.16%	–
KO	Exit	COCA COLA COMPANY	$0	–	-11,835	–	-0.17%	–
MAT	Exit	MATTEL INC	$0	–	-23,195	–	-0.17%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-9,150	–	-0.18%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,430	–	-0.18%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-94,640	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,963	–	-0.18%	–
RRC	Exit	RANGE RESOURCES CORP DEL	$0	–	-17,860	–	-0.20%	–
LBYYQ	Exit	LIBBEY INC	$0	–	-17,971	–	-0.21%	–
BSV	Exit	VANGUARD SHORT TERM BOND ETF	$0	–	-7,441	–	-0.21%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-8,708	–	-0.21%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-6,113	–	-0.22%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-12,550	–	-0.22%	–
TDW	Exit	TIDEWATER INC	$0	–	-47,400	–	-0.22%	–
TWI	Exit	TITAN INTERNATIONAL INC	$0	–	-100,125	–	-0.24%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-11,082	–	-0.24%	–
TEF	Exit	TELEFONICA SPON ADR	$0	–	-57,147	–	-0.24%	–
VGK	Exit	VANGUARD FTSE EUROPE ETF	$0	–	-14,224	–	-0.25%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-47,880	–	-0.25%	–
TISUQ	Exit	ORCHIDS PAPER PRODUCTS CO	$0	–	-27,277	–	-0.25%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-17,950	–	-0.27%	–
FLS	Exit	FLOWSERVE CORPORATION	$0	–	-18,835	–	-0.28%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-6,997	–	-0.28%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-7,400	–	-0.28%	–
AAPL	Exit	APPLE INC	$0	–	-7,375	–	-0.29%	–
HCAP	Exit	HARVEST CAPITAL CREDIT CORP	$0	–	-71,900	–	-0.30%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-6,660	–	-0.31%	–
WLH	Exit	WILLIAM LYON HOMES-CL A	$0	–	-42,335	–	-0.31%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-12,165	–	-0.31%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-45,900	–	-0.32%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-9,780	–	-0.33%	–
SUP	Exit	SUPERIOR INDUSTRIES INTL	$0	–	-53,400	–	-0.35%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-38,890	–	-0.36%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-50,590	–	-0.36%	–
CR	Exit	CRANE CO	$0	–	-23,090	–	-0.38%	–
APA	Exit	APACHE CORP	$0	–	-28,420	–	-0.40%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-27,688	–	-0.40%	–
PSTB	Exit	PARK STERLING CORP	$0	–	-166,700	–	-0.40%	–
HI	Exit	HILLENBRAND INC	$0	–	-44,090	–	-0.41%	–
NCR	Exit	NCR CORP NEW	$0	–	-50,575	–	-0.41%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-27,037	–	-0.42%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-46,060	–	-0.43%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-22,195	–	-0.44%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-36,875	–	-0.44%	–
CVS	Exit	CVS INC	$0	–	-13,163	–	-0.45%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-20,325	–	-0.46%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-58,269	–	-0.47%	–
OKSB	Exit	SOUTHWEST BANCORP INC	$0	–	-81,110	–	-0.47%	–
CAT	Exit	CATERPILLAR INC	$0	–	-20,750	–	-0.48%	–
HYH	Exit	HALYARD HEALTH INC	$0	–	-49,099	–	-0.50%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-35,342	–	-0.50%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-30,837	–	-0.53%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-18,067	–	-0.53%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-31,339	–	-0.53%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-45,774	–	-0.53%	–
AET	Exit	AETNA INC	$0	–	-14,207	–	-0.55%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-20,435	–	-0.57%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-43,770	–	-0.64%	–
KN	Exit	KNOWLES CORP	$0	–	-101,475	–	-0.66%	–
WGO	Exit	WINNEBAGO INDUSTRIES INC	$0	–	-98,000	–	-0.67%	–
DAL	Exit	DELTA AIRLINES INC	$0	–	-42,145	–	-0.67%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-127,920	–	-0.70%	–
SPY	Exit	S P D R S&P 500	$0	–	-10,505	–	-0.71%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-35,734	–	-0.75%	–
ABBV	Exit	ABBVIE INC	$0	–	-39,200	–	-0.76%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-80,513	–	-0.76%	–
TGNA	Exit	TEGNA INC	$0	–	-96,125	–	-0.76%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-38,675	–	-0.77%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-36,165	–	-0.79%	–
OUTR	Exit	OUTERWALL INC	$0	–	-39,001	–	-0.79%	–
EFA	Exit	ISHARES TR MSCI INDEX FU	$0	–	-38,845	–	-0.79%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-23,080	–	-0.80%	–
PRA	Exit	PROASSURANCE CORPORATION	$0	–	-47,680	–	-0.83%	–
ETN	Exit	EATON CORP PLC	$0	–	-47,518	–	-0.86%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-244,675	–	-0.96%	–
DE	Exit	DEERE & CO	$0	–	-37,044	–	-0.97%	–
L	Exit	LOEWS CORP	$0	–	-77,890	–	-1.00%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-72,949	–	-1.01%	–
BA	Exit	BOEING CO	$0	–	-22,054	–	-1.02%	–
POT	Exit	POTASH CORP OF SASKATCHEWAN	$0	–	-145,952	–	-1.06%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-93,350	–	-1.08%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-21,990	–	-1.13%	–
MCD	Exit	MCDONALDS CORP	$0	–	-32,753	–	-1.14%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-224,286	–	-1.15%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-86,200	–	-1.16%	–
LKQ	Exit	LKQ CORP	$0	–	-119,265	–	-1.20%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-67,965	–	-1.24%	–
C	Exit	CITIGROUP INC	$0	–	-74,036	–	-1.30%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-62,001	–	-1.32%	–
CSX	Exit	CSX CORP	$0	–	-140,825	–	-1.34%	–
LEA	Exit	LEAR CORPORATION	$0	–	-36,890	–	-1.42%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-46,220	–	-1.46%	–
FL	Exit	FOOT LOCKER INC	$0	–	-57,210	–	-1.46%	–
EMC	Exit	EMC CORP	$0	–	-171,135	–	-1.47%	–
T	Exit	A T & T INC NEW	$0	–	-127,010	–	-1.47%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-28,855	–	-1.47%	–
AFL	Exit	A F L A C INC	$0	–	-72,785	–	-1.50%	–
INTC	Exit	INTEL CORP	$0	–	-140,416	–	-1.50%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-221,840	–	-1.53%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-39,893	–	-1.54%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-99,825	–	-1.56%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-47,915	–	-1.56%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-78,942	–	-1.60%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-41,561	–	-1.71%	–
COHR	Exit	COHERENT INC	$0	–	-88,365	–	-1.72%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-77,135	–	-1.73%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-156,470	–	-1.74%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-52,723	–	-1.75%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-55,781	–	-1.77%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-69,433	–	-1.83%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-78,485	–	-1.84%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-63,803	–	-1.88%	–
MMM	Exit	3M COMPANY	$0	–	-39,385	–	-1.98%	–
ALL	Exit	ALLSTATE CORP	$0	–	-97,395	–	-2.01%	–
AA	Exit	ALCOA INC	$0	–	-594,525	–	-2.04%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-132,775	–	-2.08%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-243,866	–	-2.18%	–

Q3 2015

			Value		Shares		↓ Weighting
GE	Buy	GENERAL ELECTRIC COMPANY	$6,150,000	-4.1%	243,866	+1.0%	2.18%	+6.8%
MSFT	Sell	MICROSOFT CORP	$5,877,000	+0.2%	132,775	-0.0%	2.08%	+11.6%
AA	New	ALCOA INC	$5,743,000	–	594,525	–	2.04%	–
ALL	Buy	ALLSTATE CORP	$5,672,000	-9.7%	97,395	+0.5%	2.01%	+0.5%
MMM	Sell	3M COMPANY	$5,584,000	-8.3%	39,385	-0.2%	1.98%	+2.1%
GPC	Sell	GENUINE PARTS CO	$5,289,000	-8.1%	63,803	-0.8%	1.88%	+2.3%
OMC	Buy	OMNICOM GROUP INC	$5,172,000	-3.7%	78,485	+1.5%	1.84%	+7.2%
AXP	Buy	AMERICAN EXPRESS CO	$5,147,000	-3.5%	69,433	+1.2%	1.83%	+7.5%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$4,976,000	-5.9%	55,781	+0.9%	1.77%	+4.8%
JNJ	Buy	JOHNSON & JOHNSON	$4,922,000	-3.7%	52,723	+0.6%	1.75%	+7.3%
PFE	Buy	PFIZER INCORPORATED	$4,915,000	-6.3%	156,470	+0.0%	1.74%	+4.4%
STJ	Sell	ST JUDE MEDICAL INC	$4,866,000	-14.0%	77,135	-0.4%	1.73%	-4.2%
COHR	Sell	COHERENT INC	$4,834,000	-14.7%	88,365	-1.0%	1.72%	-5.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,821,000	-6.0%	41,561	-1.1%	1.71%	+4.7%
BBBY	Buy	BED BATH & BEYOND INC	$4,501,000	-15.4%	78,942	+2.3%	1.60%	-5.8%
NVS	Sell	NOVARTIS A G SPON ADR	$4,404,000	-6.8%	47,915	-0.3%	1.56%	+3.8%
ALB	Buy	ALBEMARLE CORP	$4,402,000	-18.9%	99,825	+1.6%	1.56%	-9.7%
KMB	Sell	KIMBERLY-CLARK CORP	$4,350,000	+2.8%	39,893	-0.1%	1.54%	+14.5%
SYMC	Sell	SYMANTEC CORP	$4,319,000	-19.0%	221,840	-3.3%	1.53%	-9.8%
INTC	Buy	INTEL CORP	$4,232,000	+0.2%	140,416	+1.2%	1.50%	+11.7%
AFL	Sell	A F L A C INC	$4,231,000	-6.9%	72,785	-0.4%	1.50%	+3.7%
FDX	Sell	FEDEX CORPORATION	$4,155,000	-15.8%	28,855	-0.3%	1.47%	-6.2%
T	Buy	A T & T INC NEW	$4,138,000	-4.1%	127,010	+4.6%	1.47%	+6.8%
EMC	Sell	EMC CORP	$4,135,000	-8.5%	171,135	-0.0%	1.47%	+1.9%
FL	Sell	FOOT LOCKER INC	$4,117,000	+5.5%	57,210	-1.8%	1.46%	+17.4%
UTX	Buy	UNITED TECHNOLOGIES CORP	$4,113,000	-17.6%	46,220	+2.7%	1.46%	-8.2%
LEA	Buy	LEAR CORPORATION	$4,013,000	-2.1%	36,890	+1.1%	1.42%	+9.1%
CSX	Sell	CSX CORP	$3,788,000	-18.1%	140,825	-0.6%	1.34%	-8.8%
TEL	Buy	TE CONNECTIVITY LTD F	$3,713,000	-6.6%	62,001	+0.3%	1.32%	+4.0%
C	Buy	CITIGROUP INC	$3,673,000	-9.4%	74,036	+0.9%	1.30%	+0.9%
WFC	Buy	WELLS FARGO & CO	$3,490,000	-5.8%	67,965	+3.2%	1.24%	+4.9%
LKQ	Sell	LKQ CORP	$3,382,000	-10.4%	119,265	-4.5%	1.20%	-0.2%
IP	Buy	INTERNATIONAL PAPER	$3,257,000	-20.3%	86,200	+0.3%	1.16%	-11.3%
ARCC	Buy	ARES CAPITAL CORP	$3,248,000	-9.3%	224,286	+3.1%	1.15%	+1.1%
MCD	Buy	MCDONALDS CORP	$3,227,000	+4.1%	32,753	+0.4%	1.14%	+15.9%
IBM	Buy	INTL BUSINESS MACHINES	$3,188,000	+15.2%	21,990	+29.2%	1.13%	+28.2%
CNK	Sell	CINEMARK HOLDINGS INC	$3,033,000	-19.3%	93,350	-0.2%	1.08%	-10.1%
POT	Buy	POTASH CORP OF SASKATCHEWAN	$2,999,000	-15.5%	145,952	+27.3%	1.06%	-6.0%
BA	Buy	BOEING CO	$2,888,000	+668.1%	22,054	+713.8%	1.02%	+754.2%
BK	Sell	BANK OF NY MELLON CP NEW	$2,856,000	-7.8%	72,949	-1.1%	1.01%	+2.6%
L	Sell	LOEWS CORP	$2,815,000	-6.5%	77,890	-0.4%	1.00%	+4.2%
DE	Buy	DEERE & CO	$2,741,000	-23.2%	37,044	+0.7%	0.97%	-14.4%
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$2,706,000	-8.3%	244,675	+8.7%	0.96%	+2.0%
ETN	Sell	EATON CORP PLC	$2,438,000	-24.0%	47,518	-0.0%	0.86%	-15.4%
PRA	Sell	PROASSURANCE CORPORATION	$2,340,000	+4.5%	47,680	-1.6%	0.83%	+16.4%
GILD	Buy	GILEAD SCIENCES INC	$2,266,000	-11.8%	23,080	+5.1%	0.80%	-1.8%
EFA	Buy	ISHARES TR MSCI INDEX FU	$2,227,000	-7.1%	38,845	+2.9%	0.79%	+3.5%
OUTR	Sell	OUTERWALL INC	$2,220,000	-27.0%	39,001	-2.4%	0.79%	-18.7%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$2,217,000	-11.5%	36,165	-1.3%	0.79%	-1.4%
ADI	Sell	ANALOG DEVICES INC	$2,182,000	-12.7%	38,675	-0.7%	0.77%	-2.9%
TGNA	Buy	TEGNA INC	$2,152,000	-5.4%	96,125	+35.5%	0.76%	+5.4%
SU	Sell	SUNCOR ENERGY INC NEW F	$2,151,000	-3.8%	80,513	-0.9%	0.76%	+7.2%
ABBV	Buy	ABBVIE INC	$2,133,000	-12.2%	39,200	+8.4%	0.76%	-2.2%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,115,000	-12.3%	35,734	-1.4%	0.75%	-2.3%
SPY	Buy	S P D R S&P 500	$2,013,000	-3.0%	10,505	+4.2%	0.71%	+8.0%
SFE	Sell	SAFEGUARD SCIENT INC NEW	$1,988,000	-22.8%	127,920	-3.3%	0.70%	-14.1%
DAL	Buy	DELTA AIRLINES INC	$1,891,000	+11.4%	42,145	+2.0%	0.67%	+24.0%
WGO	Buy	WINNEBAGO INDUSTRIES INC	$1,877,000	+6.0%	98,000	+30.6%	0.67%	+18.1%
KN	Buy	KNOWLES CORP	$1,870,000	+6.6%	101,475	+4.7%	0.66%	+18.8%
JCI	Sell	JOHNSON CONTROLS INC	$1,810,000	-16.8%	43,770	-0.4%	0.64%	-7.4%
CMP	Buy	COMPASS MINERALS INTERNATIONAL	$1,601,000	+4.4%	20,435	+9.5%	0.57%	+16.4%
AET	Buy	AETNA INC	$1,554,000	-11.8%	14,207	+2.8%	0.55%	-1.8%
BAX	Sell	BAXTER INTERNATIONAL	$1,504,000	-53.1%	45,774	-0.1%	0.53%	-47.7%
COP	Buy	CONOCOPHILLIPS	$1,503,000	-21.9%	31,339	+0.0%	0.53%	-13.1%
ITW	Sell	ILLINOIS TOOL WORKS INC	$1,487,000	-10.9%	18,067	-0.6%	0.53%	-0.8%
DD	Buy	DU PONT E I DE NEMOUR&CO	$1,486,000	-21.6%	30,837	+4.1%	0.53%	-12.7%
ABT	Sell	ABBOTT LABORATORIES	$1,421,000	-19.4%	35,342	-1.6%	0.50%	-10.3%
HYH	Buy	HALYARD HEALTH INC	$1,396,000	-20.3%	49,099	+13.5%	0.50%	-11.3%
CAT	Sell	CATERPILLAR INC	$1,356,000	-23.1%	20,750	-0.2%	0.48%	-14.4%
OKSB	Sell	SOUTHWEST BANCORP INC	$1,331,000	-16.6%	81,110	-5.4%	0.47%	-7.1%
UFPT	Sell	UFP TECHNOLOGIES INC	$1,331,000	+6.1%	58,269	-2.8%	0.47%	+18.0%
LSTR	Buy	LANDSTAR SYSTEM INC	$1,290,000	-1.3%	20,325	+4.0%	0.46%	+10.1%
CVS	Buy	CVS INC	$1,270,000	-6.0%	13,163	+2.2%	0.45%	+4.9%
MKSI	Buy	MKS INSTRUMENTS INC	$1,236,000	+0.4%	36,875	+13.6%	0.44%	+12.0%
DLX	Sell	DELUXE CORPORATION	$1,237,000	-13.4%	22,195	-3.7%	0.44%	-3.5%
CHSP	New	CHESAPEAKE LODGING TRUST	$1,200,000	–	46,060	–	0.43%	–
VZ	Sell	VERIZON COMMUNICATIONS	$1,176,000	-11.5%	27,037	-5.2%	0.42%	-1.4%
NCR	Buy	NCR CORP NEW	$1,151,000	-16.4%	50,575	+10.6%	0.41%	-6.8%
HI	Buy	HILLENBRAND INC	$1,147,000	-5.5%	44,090	+11.5%	0.41%	+5.2%
PSTB	New	PARK STERLING CORP	$1,134,000	–	166,700	–	0.40%	–
CAG	Sell	CONAGRA FOODS INC	$1,122,000	-11.5%	27,688	-4.6%	0.40%	-1.5%
APA	Sell	APACHE CORP	$1,113,000	-32.2%	28,420	-0.3%	0.40%	-24.5%
CR	Sell	CRANE CO	$1,076,000	-22.3%	23,090	-2.1%	0.38%	-13.4%
LUK	Buy	LEUCADIA NATIONAL CORP	$1,025,000	-2.8%	50,590	+16.5%	0.36%	+8.3%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$1,013,000	+4.3%	38,890	-2.8%	0.36%	+16.2%
SUP	Sell	SUPERIOR INDUSTRIES INTL	$998,000	-1.0%	53,400	-3.0%	0.35%	+10.3%
MLR	Buy	MILLER INDS INC TENN COM NEW	$897,000	+23.9%	45,900	+26.4%	0.32%	+37.7%
PG	Buy	PROCTER & GAMBLE	$875,000	+43.4%	12,165	+56.0%	0.31%	+59.8%
WLH	Buy	WILLIAM LYON HOMES-CL A	$872,000	-11.7%	42,335	+10.0%	0.31%	-1.9%
BRKB	Buy	BERKSHIRE HATHAWAY B NEW CLASS	$868,000	+1.5%	6,660	+6.1%	0.31%	+13.2%
HCAP	Sell	HARVEST CAPITAL CREDIT CORP	$856,000	-17.9%	71,900	-3.2%	0.30%	-8.4%
AAPL	Buy	APPLE INC	$813,000	+91.3%	7,375	+117.6%	0.29%	+113.3%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$803,000	-15.7%	7,400	-5.7%	0.28%	-5.9%
TIP	Sell	ISHARES TR BARCLAYS TIPS BOND	$774,000	-1.3%	6,997	-0.0%	0.28%	+10.0%
FLS	Sell	FLOWSERVE CORPORATION	$775,000	-23.4%	18,835	-2.0%	0.28%	-14.6%
TGI	Buy	TRIUMPH GROUP INC	$755,000	-23.5%	17,950	+20.0%	0.27%	-14.9%
TISUQ	Buy	ORCHIDS PAPER PRODUCTS CO	$712,000	+80.3%	27,277	+66.3%	0.25%	+100.8%
AMAT	Buy	APPLIED MATERIALS INC	$703,000	-23.0%	47,880	+0.8%	0.25%	-14.4%
VGK	Buy	VANGUARD FTSE EUROPE ETF	$700,000	-5.8%	14,224	+3.3%	0.25%	+4.6%
TEF	Sell	TELEFONICA SPON ADR	$688,000	-21.0%	57,147	-6.8%	0.24%	-12.2%
TWI	Sell	TITAN INTERNATIONAL INC	$662,000	-39.4%	100,125	-1.6%	0.24%	-32.5%
TDW	Sell	TIDEWATER INC	$623,000	-44.5%	47,400	-4.0%	0.22%	-38.3%
MRK	Buy	MERCK & CO INC NEW	$620,000	-11.7%	12,550	+1.7%	0.22%	-1.8%
TRV	Buy	TRAVELERS COMPANIES INC	$608,000	+8.2%	6,113	+5.2%	0.22%	+20.7%
SLB	Buy	SCHLUMBERGER LTD	$601,000	+87.8%	8,708	+134.8%	0.21%	+108.8%
BSV	Buy	VANGUARD SHORT TERM BOND ETF	$598,000	+37.5%	7,441	+37.2%	0.21%	+52.5%
LBYYQ	Sell	LIBBEY INC	$586,000	-61.6%	17,971	-51.4%	0.21%	-57.3%
RRC	New	RANGE RESOURCES CORP DEL	$574,000	–	17,860	–	0.20%	–
XOM	Buy	EXXON MOBIL CORP	$518,000	+10.9%	6,963	+23.9%	0.18%	+23.5%
ED	Buy	CONSOLIDATED EDISON INC	$497,000	+43.6%	7,430	+24.5%	0.18%	+60.0%
MAT	Sell	MATTEL INC	$488,000	-18.4%	23,195	-0.3%	0.17%	-9.4%
KO	Buy	COCA COLA COMPANY	$475,000	+4.6%	11,835	+2.2%	0.17%	+16.6%
CVX	Buy	CHEVRON CORPORATION	$447,000	-16.9%	5,665	+1.6%	0.16%	-7.0%
EEM	Buy	iSHARES MSCI EMERGING MARKET I	$411,000	-13.3%	12,552	+4.9%	0.15%	-3.3%
BAC	Sell	BANK OF AMERICA CORP	$409,000	-8.7%	26,247	-0.4%	0.14%	+1.4%
IWS	Buy	iSHARES RUSSELL MIDCAP VALUE	$381,000	-4.0%	5,675	+5.4%	0.14%	+6.3%
AGG	Sell	iSHARES BARCLAYS AGGREGATE BON	$381,000	-17.0%	3,480	-17.5%	0.14%	-7.5%
IWN	Buy	ISHARES RUSSELL 2000 VALUE	$370,000	+13.1%	4,111	+28.3%	0.13%	+26.0%
SCHZ	Buy	SCHWAB US AGG BOND ETF	$361,000	+9.1%	6,925	+8.2%	0.13%	+21.9%
DESTQ	Sell	DESTINATION MATERNITY CORP C	$352,000	-31.2%	38,150	-13.1%	0.12%	-23.3%
ESV	Sell	ENSCO PLC-SPON ADR	$348,000	-37.7%	24,705	-1.6%	0.12%	-30.9%
TROW	Sell	T ROWE PRICE GROUP INC	$344,000	-11.6%	4,950	-1.0%	0.12%	-1.6%
NFX	Sell	NEWFIELD EXPL CO COM	$324,000	-9.2%	9,850	-0.5%	0.12%	+0.9%
MOD	New	MODINE MANUFACTURING CO	$314,000	–	39,900	–	0.11%	–
PYPL	New	PAYPAL HOLDINGS INC	$310,000	–	10,000	–	0.11%	–
CMT	New	CORE MOLDING TECHNOLOGIES	$287,000	–	15,575	–	0.10%	–
PTEN	Sell	PATTERSON-UTI ENERGY INC	$276,000	-33.0%	21,005	-4.1%	0.10%	-25.2%
NEWP	Buy	NEWPORT CORP	$248,000	-7.8%	18,025	+26.9%	0.09%	+2.3%
SPA	New	SPARTON CORP	$245,000	–	11,450	–	0.09%	–
PNNT	Sell	PENNANTPARK INVESTMENT CORP	$223,000	-26.9%	34,475	-0.6%	0.08%	-18.6%
CSCO	New	CISCO SYSTEMS INC	$212,000	–	8,066	–	0.08%	–
DUK	New	DUKE ENERGY CORP NEW	$200,000	–	2,781	–	0.07%	–
NEBLQ	Sell	NOBLE CORP PLC	$161,000	-33.5%	14,765	-6.0%	0.06%	-26.0%
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.06%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-8,850	–	-0.07%	–
SCHA	Exit	SCHWAB US SMALL-CAP ETF	$0	–	-3,650	–	-0.07%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-4,225	–	-0.08%	–
GCI	Exit	GANNETT CO	$0	–	-35,467	–	-0.16%	–
EBAY	Exit	EBAY INC	$0	–	-10,800	–	-0.21%	–
DNRCQ	Exit	DENBURY RESOURCES INC	$0	–	-136,850	–	-0.28%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-90,215	–	-0.46%	–
LGIH	Exit	LGI HOMES INC	$0	–	-140,275	–	-0.88%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-15,657	–	-1.00%	–
GOOG	Exit	GOOGLE INC-CL C	$0	–	-10,530	–	-1.75%	–

Q2 2015

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC COMPANY	$6,415,000	–	241,435	–	2.04%	–
ALL	New	ALLSTATE CORP	$6,284,000	–	96,875	–	2.00%	–
MMM	New	3M COMPANY	$6,091,000	–	39,475	–	1.94%	–
MSFT	New	MICROSOFT CORP	$5,865,000	–	132,837	–	1.87%	–
GPC	New	GENUINE PARTS CO	$5,756,000	–	64,293	–	1.83%	–
COHR	New	COHERENT INC	$5,666,000	–	89,255	–	1.80%	–
STJ	New	ST JUDE MEDICAL INC	$5,657,000	–	77,420	–	1.80%	–
GOOG	New	GOOGLE INC-CL C	$5,481,000	–	10,530	–	1.75%	–
ALB	New	ALBEMARLE CORP	$5,428,000	–	98,210	–	1.73%	–
OMC	New	OMNICOM GROUP INC	$5,372,000	–	77,310	–	1.71%	–
SYMC	New	SYMANTEC CORP	$5,334,000	–	229,415	–	1.70%	–
AXP	New	AMERICAN EXPRESS CO	$5,332,000	–	68,608	–	1.70%	–
BBBY	New	BED BATH & BEYOND INC	$5,321,000	–	77,137	–	1.70%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$5,288,000	–	55,281	–	1.68%	–
PFE	New	PFIZER INCORPORATED	$5,245,000	–	156,440	–	1.67%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,127,000	–	42,021	–	1.63%	–
JNJ	New	JOHNSON & JOHNSON	$5,110,000	–	52,433	–	1.63%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,990,000	–	44,985	–	1.59%	–
FDX	New	FEDEX CORPORATION	$4,932,000	–	28,945	–	1.57%	–
NVS	New	NOVARTIS A G SPON ADR	$4,727,000	–	48,070	–	1.51%	–
CSX	New	CSX CORP	$4,626,000	–	141,675	–	1.47%	–
AFL	New	A F L A C INC	$4,545,000	–	73,070	–	1.45%	–
EMC	New	EMC CORP	$4,517,000	–	171,175	–	1.44%	–
T	New	A T & T INC NEW	$4,314,000	–	121,445	–	1.38%	–
KMB	New	KIMBERLY-CLARK CORP	$4,232,000	–	39,933	–	1.35%	–
INTC	New	INTEL CORP	$4,222,000	–	138,811	–	1.34%	–
LEA	New	LEAR CORPORATION	$4,097,000	–	36,500	–	1.30%	–
IP	New	INTERNATIONAL PAPER	$4,089,000	–	85,920	–	1.30%	–
C	New	CITIGROUP INC	$4,055,000	–	73,401	–	1.29%	–
TEL	New	TE CONNECTIVITY LTD F	$3,975,000	–	61,826	–	1.27%	–
FL	New	FOOT LOCKER INC	$3,903,000	–	58,245	–	1.24%	–
LKQ	New	LKQ CORP	$3,776,000	–	124,840	–	1.20%	–
CNK	New	CINEMARK HOLDINGS INC	$3,757,000	–	93,525	–	1.20%	–
WFC	New	WELLS FARGO & CO	$3,704,000	–	65,865	–	1.18%	–
ARCC	New	ARES CAPITAL CORP	$3,582,000	–	217,636	–	1.14%	–
DE	New	DEERE & CO	$3,569,000	–	36,774	–	1.14%	–
POT	New	POTASH CORP OF SASKATCHEWAN	$3,551,000	–	114,645	–	1.13%	–
ETN	New	EATON CORP PLC	$3,207,000	–	47,523	–	1.02%	–
BAX	New	BAXTER INTERNATIONAL	$3,204,000	–	45,814	–	1.02%	–
PCP	New	PRECISION CASTPARTS CORP	$3,129,000	–	15,657	–	1.00%	–
MCD	New	MCDONALDS CORP	$3,101,000	–	32,618	–	0.99%	–
BK	New	BANK OF NY MELLON CP NEW	$3,097,000	–	73,779	–	0.99%	–
OUTR	New	OUTERWALL INC	$3,041,000	–	39,956	–	0.97%	–
L	New	LOEWS CORP	$3,011,000	–	78,195	–	0.96%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$2,952,000	–	225,156	–	0.94%	–
LGIH	New	LGI HOMES INC	$2,775,000	–	140,275	–	0.88%	–
IBM	New	INTL BUSINESS MACHINES	$2,768,000	–	17,015	–	0.88%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$2,575,000	–	132,320	–	0.82%	–
GILD	New	GILEAD SCIENCES INC	$2,570,000	–	21,950	–	0.82%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$2,505,000	–	36,650	–	0.80%	–
ADI	New	ANALOG DEVICES INC	$2,500,000	–	38,950	–	0.80%	–
ABBV	New	ABBVIE INC	$2,430,000	–	36,170	–	0.77%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,411,000	–	36,234	–	0.77%	–
EFA	New	ISHARES TR MSCI INDEX FU	$2,396,000	–	37,746	–	0.76%	–
TGNA	New	TEGNA INC	$2,275,000	–	70,934	–	0.72%	–
PRA	New	PROASSURANCE CORPORATION	$2,239,000	–	48,445	–	0.71%	–
SU	New	SUNCOR ENERGY INC NEW F	$2,236,000	–	81,238	–	0.71%	–
JCI	New	JOHNSON CONTROLS INC	$2,176,000	–	43,935	–	0.69%	–
SPY	New	S P D R S&P 500	$2,075,000	–	10,082	–	0.66%	–
COP	New	CONOCOPHILLIPS	$1,924,000	–	31,334	–	0.61%	–
DD	New	DU PONT E I DE NEMOUR&CO	$1,895,000	–	29,632	–	0.60%	–
WGO	New	WINNEBAGO INDUSTRIES INC	$1,770,000	–	75,025	–	0.56%	–
ABT	New	ABBOTT LABORATORIES	$1,764,000	–	35,932	–	0.56%	–
CAT	New	CATERPILLAR INC	$1,763,000	–	20,790	–	0.56%	–
AET	New	AETNA INC	$1,761,000	–	13,817	–	0.56%	–
KN	New	KNOWLES CORP	$1,754,000	–	96,900	–	0.56%	–
HYH	New	HALYARD HEALTH INC	$1,751,000	–	43,241	–	0.56%	–
DAL	New	DELTA AIRLINES INC	$1,698,000	–	41,330	–	0.54%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,669,000	–	18,182	–	0.53%	–
APA	New	APACHE CORP	$1,642,000	–	28,495	–	0.52%	–
OKSB	New	SOUTHWEST BANCORP INC	$1,595,000	–	85,710	–	0.51%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$1,533,000	–	18,665	–	0.49%	–
LBYYQ	New	LIBBEY INC	$1,528,000	–	36,960	–	0.49%	–
CMC	New	COMMERCIAL METALS CO	$1,451,000	–	90,215	–	0.46%	–
DLX	New	DELUXE CORPORATION	$1,429,000	–	23,050	–	0.46%	–
CR	New	CRANE CO	$1,385,000	–	23,590	–	0.44%	–
NCR	New	NCR CORP NEW	$1,376,000	–	45,730	–	0.44%	–
CVS	New	CVS INC	$1,351,000	–	12,883	–	0.43%	–
VZ	New	VERIZON COMMUNICATIONS	$1,329,000	–	28,519	–	0.42%	–
LSTR	New	LANDSTAR SYSTEM INC	$1,307,000	–	19,550	–	0.42%	–
CAG	New	CONAGRA FOODS INC	$1,268,000	–	29,008	–	0.40%	–
UFPT	New	UFP TECHNOLOGIES INC	$1,254,000	–	59,959	–	0.40%	–
MKSI	New	MKS INSTRUMENTS INC	$1,231,000	–	32,450	–	0.39%	–
HI	New	HILLENBRAND INC	$1,214,000	–	39,540	–	0.39%	–
TDW	New	TIDEWATER INC	$1,122,000	–	49,350	–	0.36%	–
TWI	New	TITAN INTERNATIONAL INC	$1,093,000	–	101,750	–	0.35%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,068,000	–	9,780	–	0.34%	–
LUK	New	LEUCADIA NATIONAL CORP	$1,054,000	–	43,425	–	0.34%	–
HCAP	New	HARVEST CAPITAL CREDIT CORP	$1,042,000	–	74,250	–	0.33%	–
FLS	New	FLOWSERVE CORPORATION	$1,012,000	–	19,210	–	0.32%	–
SUP	New	SUPERIOR INDUSTRIES INTL	$1,008,000	–	55,025	–	0.32%	–
TGI	New	TRIUMPH GROUP INC	$987,000	–	14,960	–	0.32%	–
WLH	New	WILLIAM LYON HOMES-CL A	$988,000	–	38,470	–	0.32%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$971,000	–	40,030	–	0.31%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$952,000	–	7,850	–	0.30%	–
AMAT	New	APPLIED MATERIALS INC	$913,000	–	47,505	–	0.29%	–
TEF	New	TELEFONICA SPON ADR	$871,000	–	61,312	–	0.28%	–
DNRCQ	New	DENBURY RESOURCES INC	$870,000	–	136,850	–	0.28%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$855,000	–	6,280	–	0.27%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$784,000	–	7,000	–	0.25%	–
VGK	New	VANGUARD FTSE EUROPE ETF	$743,000	–	13,771	–	0.24%	–
MLR	New	MILLER INDS INC TENN COM NEW	$724,000	–	36,300	–	0.23%	–
MRK	New	MERCK & CO INC NEW	$702,000	–	12,335	–	0.22%	–
AINV	New	APOLLO INVESTMENT CORP	$670,000	–	94,640	–	0.21%	–
EBAY	New	EBAY INC	$651,000	–	10,800	–	0.21%	–
PG	New	PROCTER & GAMBLE	$610,000	–	7,800	–	0.19%	–
MAT	New	MATTEL INC	$598,000	–	23,270	–	0.19%	–
TRV	New	TRAVELERS COMPANIES INC	$562,000	–	5,813	–	0.18%	–
ESV	New	ENSCO PLC-SPON ADR	$559,000	–	25,105	–	0.18%	–
CVX	New	CHEVRON CORPORATION	$538,000	–	5,576	–	0.17%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$528,000	–	9,150	–	0.17%	–
GAS	New	AGL RESOURCES INC	$516,000	–	11,082	–	0.16%	–
DESTQ	New	DESTINATION MATERNITY CORP C	$512,000	–	43,885	–	0.16%	–
GCI	New	GANNETT CO	$496,000	–	35,467	–	0.16%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$474,000	–	11,962	–	0.15%	–
XOM	New	EXXON MOBIL CORP	$467,000	–	5,618	–	0.15%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$459,000	–	4,217	–	0.15%	–
RDSB	New	ROYAL DUTCH SHEL PLC SPONS	$454,000	–	7,925	–	0.14%	–
KO	New	COCA COLA COMPANY	$454,000	–	11,575	–	0.14%	–
BAC	New	BANK OF AMERICA CORP	$448,000	–	26,347	–	0.14%	–
BSV	New	VANGUARD SHORT TERM BOND ETF	$435,000	–	5,425	–	0.14%	–
AAPL	New	APPLE INC	$425,000	–	3,390	–	0.14%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$421,000	–	3,700	–	0.13%	–
PTEN	New	PATTERSON-UTI ENERGY INC	$412,000	–	21,905	–	0.13%	–
BOND	New	PIMCO TOTAL RETURN ETF	$403,000	–	3,770	–	0.13%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$397,000	–	5,386	–	0.13%	–
PEP	New	PEPSICO INC	$398,000	–	4,260	–	0.13%	–
TISUQ	New	ORCHIDS PAPER PRODUCTS CO	$395,000	–	16,400	–	0.13%	–
TROW	New	T ROWE PRICE GROUP INC	$389,000	–	5,000	–	0.12%	–
UBSH	New	UNION BANKSHARES CORP	$379,000	–	16,300	–	0.12%	–
BA	New	BOEING CO	$376,000	–	2,710	–	0.12%	–
AMGN	New	AMGEN INCORPORATED	$372,000	–	2,422	–	0.12%	–
NFX	New	NEWFIELD EXPL CO COM	$357,000	–	9,895	–	0.11%	–
RDC	New	ROWAN COMPANIES PLC	$358,000	–	16,965	–	0.11%	–
ED	New	CONSOLIDATED EDISON INC	$346,000	–	5,970	–	0.11%	–
ITT	New	I T T CORPORATION	$332,000	–	7,932	–	0.11%	–
SCHZ	New	SCHWAB US AGG BOND ETF	$331,000	–	6,400	–	0.10%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$327,000	–	3,204	–	0.10%	–
FINL	New	FINISH LINE/THE-CL A	$319,000	–	11,450	–	0.10%	–
SLB	New	SCHLUMBERGER LTD	$320,000	–	3,708	–	0.10%	–
ORCL	New	ORACLE CORPORATION	$317,000	–	7,865	–	0.10%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$303,000	–	3,175	–	0.10%	–
PNNT	New	PENNANTPARK INVESTMENT CORP	$305,000	–	34,691	–	0.10%	–
SYK	New	STRYKER CORP	$293,000	–	3,066	–	0.09%	–
BDX	New	BECTON DICKINSON & CO	$290,000	–	2,045	–	0.09%	–
NEWP	New	NEWPORT CORP	$269,000	–	14,200	–	0.09%	–
MO	New	ALTRIA GROUP INC	$265,000	–	5,410	–	0.08%	–
DVN	New	DEVON ENERGY CP NEW	$251,000	–	4,225	–	0.08%	–
CAH	New	CARDINAL HEALTH	$251,000	–	3,000	–	0.08%	–
NEBLQ	New	NOBLE CORP PLC	$242,000	–	15,715	–	0.08%	–
TGT	New	TARGET CORP COM	$241,000	–	2,950	–	0.08%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$228,000	–	9,800	–	0.07%	–
SCHM	New	SCHWAB US MID CAP ETF	$222,000	–	5,200	–	0.07%	–
SCHA	New	SCHWAB US SMALL-CAP ETF	$210,000	–	3,650	–	0.07%	–
NEM	New	NEWMONT MINING CORP	$207,000	–	8,850	–	0.07%	–
BRKA	New	BERKSHIRE HATHAWAY CL-A	$205,000	–	1	–	0.06%	–
LXP	New	LEXINGTON REALTY TRUST REIT	$188,000	–	22,155	–	0.06%	–
AMSE	New	AMERICAN SANDS ENERGY CORP	$43,000	–	204,521	–	0.01%	–
BCCI	New	BARISTAS COFFEE CO INC	$0	–	10,000	–	0.00%	–
BZET	New	MACKAY LIFE SCIENCES INC	$0	–	84,375	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
BCCI	Exit	BARISTAS COFFEE CO INC	$0	–	-10,000	–	0.00%	–
BZET	Exit	MACKAY LIFE SCIENCES INC	$0	–	-84,375	–	0.00%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-10,467	–	-0.05%	–
SCHM	Exit	SCHWAB US MID CAP ETF	$0	–	-5,200	–	-0.07%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL-A	$0	–	-1	–	-0.07%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-8,975	–	-0.07%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,914	–	-0.08%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT	$0	–	-22,477	–	-0.08%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-3,000	–	-0.08%	–
SYK	Exit	STRYKER CORP	$0	–	-2,950	–	-0.08%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-2,000	–	-0.08%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-10,350	–	-0.09%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-2,815	–	-0.09%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-12,100	–	-0.09%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,840	–	-0.09%	–
ITT	Exit	I T T CORPORATION	$0	–	-6,092	–	-0.10%	–
FINL	Exit	FINISH LINE/THE-CL A	$0	–	-11,450	–	-0.10%	–
NEWP	Exit	NEWPORT CORP	$0	–	-16,725	–	-0.10%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-7,865	–	-0.11%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,645	–	-0.11%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-3,220	–	-0.11%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-4,525	–	-0.11%	–
SCHZ	Exit	SCHWAB US AGG BOND ETF	$0	–	-6,400	–	-0.12%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-2,510	–	-0.12%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-3,175	–	-0.12%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-14,140	–	-0.13%	–
NFX	Exit	NEWFIELD EXPL CO COM	$0	–	-9,980	–	-0.13%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,430	–	-0.13%	–
T104PS	Exit	AMERICAN REALTY CAPITAL PROP	$0	–	-32,460	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-4,260	–	-0.14%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,700	–	-0.14%	–
FIG	Exit	FORTRESS INVESTMENT GROUP CL-A	$0	–	-57,550	–	-0.14%	–
AET	Exit	AETNA INC	$0	–	-4,902	–	-0.14%	–
UBSH	Exit	UNION BANKSHARES CORP	$0	–	-17,300	–	-0.14%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,770	–	-0.14%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-3,603	–	-0.15%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-4,163	–	-0.16%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-26,835	–	-0.16%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-11,232	–	-0.16%	–
KO	Exit	COCA COLA COMPANY	$0	–	-11,089	–	-0.17%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-5,404	–	-0.17%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-9,150	–	-0.17%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-37,450	–	-0.19%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-9,230	–	-0.19%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-5,865	–	-0.19%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-11,417	–	-0.21%	–
BBG	Exit	BILL BARRETT CORP	$0	–	-26,770	–	-0.21%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-4,430	–	-0.22%	–
RDSB	Exit	ROYAL DUTCH SHEL PLC SPONS	$0	–	-7,925	–	-0.22%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-7,781	–	-0.23%	–
LSTR	Exit	LANDSTAR SYSTEM INC	$0	–	-9,435	–	-0.24%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-5,735	–	-0.26%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-10,365	–	-0.26%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC	$0	–	-24,180	–	-0.28%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-7,027	–	-0.28%	–
WLH	Exit	WILLIAM LYON HOMES-CL A	$0	–	-35,620	–	-0.28%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-99,645	–	-0.29%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-8,200	–	-0.29%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-42,430	–	-0.30%	–
IVC	Exit	INVACARE CORP	$0	–	-77,760	–	-0.32%	–
HI	Exit	HILLENBRAND INC	$0	–	-30,290	–	-0.33%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-18,707	–	-0.33%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-43,205	–	-0.33%	–
DESTQ	Exit	DESTINATION MATERNITY CORP C	$0	–	-62,060	–	-0.34%	–
HCAP	Exit	HARVEST CAPITAL CREDIT CORP	$0	–	-74,725	–	-0.34%	–
SUP	Exit	SUPERIOR INDUSTRIES INTL	$0	–	-56,575	–	-0.35%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-15,235	–	-0.35%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-10,020	–	-0.35%	–
TEF	Exit	TELEFONICA SPON ADR	$0	–	-66,095	–	-0.36%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-43,920	–	-0.37%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-31,848	–	-0.37%	–
CVS	Exit	CVS INC	$0	–	-13,300	–	-0.37%	–
ESV	Exit	ENSCO PLC-SPON ADR	$0	–	-27,365	–	-0.40%	–
TWI	Exit	TITAN INTERNATIONAL INC	$0	–	-97,600	–	-0.40%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-35,850	–	-0.42%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-71,415	–	-0.42%	–
LBYYQ	Exit	LIBBEY INC	$0	–	-52,025	–	-0.48%	–
OKSB	Exit	SOUTHWEST BANCORP INC	$0	–	-88,110	–	-0.51%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-27,900	–	-0.54%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-18,302	–	-0.54%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-91,265	–	-0.55%	–
PRA	Exit	PROASSURANCE CORPORATION	$0	–	-35,345	–	-0.55%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-39,038	–	-0.57%	–
LEA	Exit	LEAR CORPORATION	$0	–	-18,905	–	-0.57%	–
GCI	Exit	GANNETT CO	$0	–	-55,789	–	-0.58%	–
DHI	Exit	DR HORTON INC	$0	–	-83,266	–	-0.60%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-153,820	–	-0.66%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-39,075	–	-0.68%	–
SPY	Exit	S P D R S&P 500	$0	–	-10,174	–	-0.70%	–
EFA	Exit	ISHARES TR MSCI INDEX FU	$0	–	-32,055	–	-0.72%	–
CAT	Exit	CATERPILLAR INC	$0	–	-20,835	–	-0.72%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-28,803	–	-0.72%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-27,859	–	-0.75%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-41,709	–	-0.75%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-138,950	–	-0.75%	–
ABBV	Exit	ABBVIE INC	$0	–	-37,080	–	-0.75%	–
DNRCQ	Exit	DENBURY RESOURCES INC	$0	–	-143,325	–	-0.76%	–
OUTR	Exit	OUTERWALL INC	$0	–	-39,491	–	-0.78%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-42,765	–	-0.78%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-122,170	–	-0.79%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-75,375	–	-0.96%	–
APA	Exit	APACHE CORP	$0	–	-30,390	–	-1.00%	–
LGIH	Exit	LGI HOMES INC	$0	–	-155,370	–	-1.00%	–
POLY	Exit	PLANTRONICS INC NEW COM	$0	–	-61,239	–	-1.03%	–
ETN	Exit	EATON CORP PLC	$0	–	-46,768	–	-1.04%	–
FL	Exit	FOOT LOCKER INC	$0	–	-53,715	–	-1.05%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-186,633	–	-1.06%	–
DE	Exit	DEERE & CO	$0	–	-36,939	–	-1.06%	–
CFN	Exit	CAREFUSION CORP	$0	–	-68,120	–	-1.08%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-79,625	–	-1.08%	–
MCD	Exit	MCDONALDS CORP	$0	–	-34,066	–	-1.13%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-45,640	–	-1.15%	–
L	Exit	LOEWS CORP	$0	–	-83,535	–	-1.22%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-68,498	–	-1.25%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-108,050	–	-1.29%	–
COHR	Exit	COHERENT INC	$0	–	-60,875	–	-1.31%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-68,126	–	-1.32%	–
POT	Exit	POTASH CORP OF SASKATCHEWAN	$0	–	-109,835	–	-1.33%	–
C	Exit	CITIGROUP INC	$0	–	-74,336	–	-1.35%	–
T	Exit	A T & T INC NEW	$0	–	-118,326	–	-1.46%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-49,066	–	-1.48%	–
AFL	Exit	A F L A C INC	$0	–	-73,705	–	-1.51%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-91,791	–	-1.54%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-148,284	–	-1.54%	–
CSX	Exit	CSX CORP	$0	–	-136,810	–	-1.54%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-42,388	–	-1.60%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-55,281	–	-1.66%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-30,030	–	-1.70%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-52,165	–	-1.72%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-46,510	–	-1.72%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-83,040	–	-1.75%	–
INTC	Exit	INTEL CORP	$0	–	-147,250	–	-1.80%	–
EMC	Exit	EMC CORP	$0	–	-175,365	–	-1.80%	–
RCII	Exit	RENT A CENTER INC	$0	–	-170,705	–	-1.82%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-78,875	–	-1.90%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-82,832	–	-1.91%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-52,503	–	-1.96%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-96,484	–	-1.99%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-243,530	–	-2.01%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-69,010	–	-2.12%	–
MMM	Exit	3M COMPANY	$0	–	-43,080	–	-2.14%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-240,985	–	-2.17%	–
ALL	Exit	ALLSTATE CORP	$0	–	-102,890	–	-2.22%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-138,968	–	-2.26%	–
INGR	Exit	INGREDION INC	$0	–	-85,107	–	-2.26%	–

Q3 2014

			Value		Shares		↓ Weighting
INGR	Sell	INGREDION INC	$6,450,000	-0.2%	85,107	-1.2%	2.26%	+6.4%
MSFT	Sell	MICROSOFT CORP	$6,443,000	+8.5%	138,968	-2.4%	2.26%	+15.5%
ALL	Buy	ALLSTATE CORP	$6,314,000	+6.1%	102,890	+1.6%	2.22%	+13.1%
GE	Buy	GENERAL ELECTRIC COMPANY	$6,174,000	-1.2%	240,985	+1.3%	2.17%	+5.2%
MMM	Sell	3M COMPANY	$6,104,000	-1.7%	43,080	-0.6%	2.14%	+4.7%
GPC	Sell	GENUINE PARTS CO	$6,053,000	-1.2%	69,010	-1.1%	2.12%	+5.2%
SYMC	Buy	SYMANTEC CORP	$5,725,000	+23.0%	243,530	+19.8%	2.01%	+31.1%
ALB	Buy	ALBEMARLE CORP	$5,683,000	-14.2%	96,484	+4.1%	1.99%	-8.6%
JNJ	Sell	JOHNSON & JOHNSON	$5,596,000	-0.4%	52,503	-2.2%	1.96%	+6.1%
BBBY	New	BED BATH & BEYOND INC	$5,453,000	–	82,832	–	1.91%	–
OMC	Sell	OMNICOM GROUP INC	$5,431,000	-3.6%	78,875	-0.3%	1.90%	+2.6%
RCII	Buy	RENT A CENTER INC	$5,181,000	+9.1%	170,705	+3.1%	1.82%	+16.2%
EMC	Buy	EMC CORP	$5,131,000	+13.3%	175,365	+2.0%	1.80%	+20.7%
INTC	Sell	INTEL CORP	$5,127,000	+11.8%	147,250	-0.7%	1.80%	+19.2%
STJ	Buy	ST JUDE MEDICAL INC	$4,993,000	-12.3%	83,040	+1.0%	1.75%	-6.6%
UTX	Buy	UNITED TECHNOLOGIES CORP	$4,911,000	-6.3%	46,510	+2.5%	1.72%	-0.2%
NVS	Sell	NOVARTIS A G SPON ADR	$4,910,000	+3.6%	52,165	-0.4%	1.72%	+10.3%
FDX	Sell	FEDEX CORPORATION	$4,848,000	+5.6%	30,030	-1.0%	1.70%	+12.5%
KMB	Buy	KIMBERLY-CLARK CORP	$4,560,000	-2.4%	42,388	+0.9%	1.60%	+4.0%
CSX	Buy	CSX CORP	$4,386,000	+8.5%	136,810	+4.2%	1.54%	+15.6%
PFE	Buy	PFIZER INCORPORATED	$4,385,000	+2.5%	148,284	+2.9%	1.54%	+9.2%
IP	Buy	INTERNATIONAL PAPER	$4,382,000	+2.1%	91,791	+8.0%	1.54%	+8.8%
AFL	Buy	A F L A C INC	$4,293,000	-4.3%	73,705	+2.2%	1.51%	+1.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,232,000	+4.6%	49,066	-0.9%	1.48%	+11.5%
T	Buy	A T & T INC NEW	$4,170,000	+13.3%	118,326	+13.7%	1.46%	+20.7%
C	Buy	CITIGROUP INC	$3,852,000	+12.7%	74,336	+2.4%	1.35%	+20.0%
POT	Sell	POTASH CORP OF SASKATCHEWAN	$3,796,000	-11.2%	109,835	-2.5%	1.33%	-5.4%
TEL	Sell	TE CONNECTIVITY LTD F	$3,767,000	-10.9%	68,126	-0.4%	1.32%	-5.1%
COHR	Buy	COHERENT INC	$3,736,000	-5.9%	60,875	+1.4%	1.31%	+0.2%
CNK	Sell	CINEMARK HOLDINGS INC	$3,678,000	-5.5%	108,050	-1.8%	1.29%	+0.7%
WFC	Sell	WELLS FARGO & CO	$3,553,000	-2.0%	68,498	-0.7%	1.25%	+4.4%
L	Buy	LOEWS CORP	$3,480,000	-2.6%	83,535	+2.9%	1.22%	+3.8%
BAX	Buy	BAXTER INTERNATIONAL	$3,276,000	-0.3%	45,640	+0.4%	1.15%	+6.2%
MCD	Buy	MCDONALDS CORP	$3,230,000	-0.2%	34,066	+6.1%	1.13%	+6.4%
BK	Sell	BANK OF NY MELLON CP NEW	$3,084,000	+3.0%	79,625	-0.3%	1.08%	+9.7%
CFN	Sell	CAREFUSION CORP	$3,082,000	+0.7%	68,120	-1.3%	1.08%	+7.2%
DE	Buy	DEERE & CO	$3,029,000	-8.6%	36,939	+0.9%	1.06%	-2.6%
ARCC	Buy	ARES CAPITAL CORP	$3,016,000	+67.6%	186,633	+85.2%	1.06%	+78.4%
FL	Sell	FOOT LOCKER INC	$2,989,000	-9.9%	53,715	-17.9%	1.05%	-4.0%
ETN	Buy	EATON CORP PLC	$2,964,000	+0.6%	46,768	+22.5%	1.04%	+7.2%
POLY	Buy	PLANTRONICS INC NEW COM	$2,926,000	+2.3%	61,239	+2.9%	1.03%	+8.9%
LGIH	Sell	LGI HOMES INC	$2,853,000	-0.1%	155,370	-0.7%	1.00%	+6.5%
APA	Buy	APACHE CORP	$2,853,000	-6.4%	30,390	+0.3%	1.00%	-0.2%
SU	Buy	SUNCOR ENERGY INC NEW F	$2,725,000	-13.8%	75,375	+1.7%	0.96%	-8.1%
SFE	Sell	SAFEGUARD SCIENT INC NEW	$2,248,000	-12.1%	122,170	-0.7%	0.79%	-6.3%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$2,239,000	-6.2%	42,765	-0.2%	0.78%	-0.1%
OUTR	Buy	OUTERWALL INC	$2,215,000	+5.7%	39,491	+11.8%	0.78%	+12.6%
DNRCQ	Buy	DENBURY RESOURCES INC	$2,154,000	-15.2%	143,325	+4.2%	0.76%	-9.6%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$2,142,000	-18.6%	138,950	-0.8%	0.75%	-13.3%
ABBV	Sell	ABBVIE INC	$2,142,000	+0.8%	37,080	-1.5%	0.75%	+7.4%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,135,000	+2.1%	41,709	-3.2%	0.75%	+8.9%
COP	Buy	CONOCOPHILLIPS	$2,132,000	-10.6%	27,859	+0.2%	0.75%	-4.7%
DD	Sell	DU PONT E I DE NEMOUR&CO	$2,067,000	+9.3%	28,803	-0.3%	0.72%	+16.4%
CAT	Sell	CATERPILLAR INC	$2,063,000	-9.7%	20,835	-0.9%	0.72%	-3.7%
EFA	Buy	ISHARES TR MSCI INDEX FU	$2,055,000	-5.1%	32,055	+1.2%	0.72%	+1.1%
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$1,886,000	+113.8%	153,820	+130.9%	0.66%	+128.3%
DHI	Buy	DR HORTON INC	$1,709,000	-14.2%	83,266	+2.8%	0.60%	-8.7%
GCI	Buy	GANNETT CO	$1,655,000	+3.9%	55,789	+9.6%	0.58%	+10.9%
LEA	Sell	LEAR CORPORATION	$1,634,000	-6.3%	18,905	-3.1%	0.57%	-0.2%
ABT	Buy	ABBOTT LABORATORIES	$1,624,000	+2.1%	39,038	+0.4%	0.57%	+8.8%
PRA	New	PROASSURANCE CORPORATION	$1,558,000	–	35,345	–	0.55%	–
CMC	Sell	COMMERCIAL METALS CO	$1,558,000	-4.4%	91,265	-3.1%	0.55%	+1.9%
ITW	Sell	ILLINOIS TOOL WORKS INC	$1,545,000	-4.1%	18,302	-0.5%	0.54%	+2.3%
DLX	Sell	DELUXE CORPORATION	$1,539,000	-8.4%	27,900	-2.7%	0.54%	-2.4%
OKSB	Sell	SOUTHWEST BANCORP INC	$1,445,000	-4.9%	88,110	-1.0%	0.51%	+1.4%
LBYYQ	Sell	LIBBEY INC	$1,366,000	-5.6%	52,025	-4.2%	0.48%	+0.6%
MLR	Sell	MILLER INDS INC TENN COM NEW	$1,207,000	-19.2%	71,415	-1.7%	0.42%	-14.0%
MKSI	Sell	MKS INSTRUMENTS INC	$1,197,000	+4.3%	35,850	-2.4%	0.42%	+11.1%
TWI	Sell	TITAN INTERNATIONAL INC	$1,154,000	-29.8%	97,600	-0.1%	0.40%	-25.1%
ESV	Buy	ENSCO PLC-SPON ADR	$1,130,000	-21.4%	27,365	+5.8%	0.40%	-16.3%
CVS	Buy	CVS INC	$1,059,000	+15.1%	13,300	+9.0%	0.37%	+22.4%
CAG	Buy	CONAGRA FOODS INC	$1,052,000	+23.8%	31,848	+11.2%	0.37%	+31.8%
LUK	Sell	LEUCADIA NATIONAL CORP	$1,047,000	-10.1%	43,920	-1.1%	0.37%	-4.4%
TEF	Sell	TELEFONICA SPON ADR	$1,016,000	-27.0%	66,095	-18.5%	0.36%	-22.3%
TGI	Sell	TRIUMPH GROUP INC	$991,000	-6.9%	15,235	-0.2%	0.35%	-0.9%
SUP	Sell	SUPERIOR INDUSTRIES INTL	$992,000	-16.1%	56,575	-1.3%	0.35%	-10.5%
HCAP	Sell	HARVEST CAPITAL CREDIT CORP	$983,000	-12.6%	74,725	-1.3%	0.34%	-6.8%
DESTQ	Sell	DESTINATION MATERNITY CORP C	$958,000	-32.8%	62,060	-0.9%	0.34%	-28.5%
AMAT	Sell	APPLIED MATERIALS INC	$934,000	-14.8%	43,205	-11.1%	0.33%	-9.1%
HI	Sell	HILLENBRAND INC	$936,000	-6.3%	30,290	-1.1%	0.33%	-0.3%
VZ	Sell	VERIZON COMMUNICATIONS	$935,000	+0.6%	18,707	-1.5%	0.33%	+7.2%
IVC	Buy	INVACARE CORP	$918,000	+41.0%	77,760	+119.4%	0.32%	+50.5%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$861,000	-5.2%	42,430	-2.5%	0.30%	+1.0%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$834,000	-2.1%	8,200	-1.5%	0.29%	+4.3%
AINV	Buy	APOLLO INVESTMENT CORP	$814,000	-2.5%	99,645	+2.8%	0.29%	+4.0%
WLH	Buy	WILLIAM LYON HOMES-CL A	$787,000	+150.6%	35,620	+245.8%	0.28%	+168.0%
PTEN	Sell	PATTERSON-UTI ENERGY INC	$787,000	-9.1%	24,180	-2.4%	0.28%	-3.2%
TIP	Sell	ISHARES TR BARCLAYS TIPS BOND	$788,000	-3.4%	7,027	-0.7%	0.28%	+2.6%
GPI	Buy	GROUP 1 AUTOMOTIVE	$754,000	+8.8%	10,365	+26.2%	0.26%	+15.8%
LSTR	Sell	LANDSTAR SYSTEM INC	$681,000	+11.8%	9,435	-0.8%	0.24%	+18.9%
PG	Sell	PROCTER & GAMBLE	$652,000	+5.0%	7,781	-1.5%	0.23%	+12.3%
RDSB	Sell	ROYAL DUTCH SHEL PLC SPONS	$627,000	-9.9%	7,925	-0.9%	0.22%	-3.9%
MRK	Sell	MERCK & CO INC NEW	$547,000	-1.6%	9,230	-3.9%	0.19%	+4.9%
SAFT	Buy	SAFETY INSURANCE GROUP INC	$493,000	+6.7%	9,150	+1.7%	0.17%	+13.8%
AXP	Sell	AMERICAN EXPRESS CO	$473,000	-23.0%	5,404	-16.5%	0.17%	-17.8%
KO	Buy	COCA COLA COMPANY	$473,000	+2.4%	11,089	+1.7%	0.17%	+9.2%
EEM	Sell	iSHARES MSCI EMERGING MARKET I	$467,000	-9.5%	11,232	-5.9%	0.16%	-3.5%
CVX	Buy	CHEVRON CORPORATION	$430,000	+3.4%	3,603	+13.1%	0.15%	+10.2%
UBSH	Buy	UNION BANKSHARES CORP	$400,000	-8.3%	17,300	+1.8%	0.14%	-2.8%
AET	Buy	AETNA INC	$397,000	+41.3%	4,902	+41.5%	0.14%	+49.5%
FIG	New	FORTRESS INVESTMENT GROUP CL-A	$396,000	–	57,550	–	0.14%	–
T104PS	Sell	AMERICAN REALTY CAPITAL PROP	$391,000	-5.3%	32,460	-1.6%	0.14%	+0.7%
NFX	Buy	NEWFIELD EXPL CO COM	$370,000	-12.9%	9,980	+3.9%	0.13%	-7.1%
MO	Sell	ALTRIA GROUP INC	$268,000	-1.1%	5,840	-9.5%	0.09%	+5.6%
XOM	Sell	EXXON MOBIL CORP	$265,000	-8.9%	2,815	-2.5%	0.09%	-3.1%
HR	Sell	HEALTHCARE REALTY TRUST REIT	$245,000	-9.6%	10,350	-2.8%	0.09%	-3.4%
LXP	Buy	LEXINGTON REALTY TRUST REIT	$220,000	-10.6%	22,477	+0.6%	0.08%	-4.9%
DUK	Sell	DUKE ENERGY CORP NEW	$218,000	-5.2%	2,914	-6.1%	0.08%	0.0%
BRKA	New	BERKSHIRE HATHAWAY CL-A	$207,000	–	1	–	0.07%	–
RVT	Buy	ROYCE VALUE TR INC	$152,000	-9.0%	10,467	+0.2%	0.05%	-3.6%
FTR	Exit	FRONTIER COMMUNICATIONS	$0	–	-26,728	–	-0.05%	–
SCHA	Exit	SCHWAB US SMALL-CAP ETF	$0	–	-3,650	–	-0.07%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-12,325	–	-0.15%	–
LYB	Exit	LYONDELLBASELL INDU-CL A	$0	–	-9,010	–	-0.29%	–
WIN	Exit	WINDSTREAM HOLDINGS INC	$0	–	-196,878	–	-0.65%	–
EDR	Exit	EDUCATION REALTY TR INC	$0	–	-275,665	–	-0.98%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-124,235	–	-1.24%	–
TWX	Exit	TIME WARNER INC NEW	$0	–	-57,625	–	-1.33%	–
IGT	Exit	INTL GAME TECHNOLOGY	$0	–	-281,425	–	-1.47%	–
A309PS	Exit	DIRECTV GROUP INC	$0	–	-58,135	–	-1.63%	–

Q2 2014

			Value		Shares		↓ Weighting
ALB	New	ALBEMARLE CORP	$6,624,000	–	92,649	–	2.18%	–
INGR	New	INGREDION INC	$6,461,000	–	86,107	–	2.13%	–
GE	New	GENERAL ELECTRIC COMPANY	$6,252,000	–	237,915	–	2.06%	–
MMM	New	3M COMPANY	$6,210,000	–	43,355	–	2.04%	–
GPC	New	GENUINE PARTS CO	$6,129,000	–	69,810	–	2.02%	–
ALL	New	ALLSTATE CORP	$5,949,000	–	101,317	–	1.96%	–
MSFT	New	MICROSOFT CORP	$5,940,000	–	142,453	–	1.96%	–
STJ	New	ST JUDE MEDICAL INC	$5,695,000	–	82,235	–	1.88%	–
OMC	New	OMNICOM GROUP INC	$5,636,000	–	79,130	–	1.86%	–
JNJ	New	JOHNSON & JOHNSON	$5,618,000	–	53,699	–	1.85%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,241,000	–	45,395	–	1.73%	–
A309PS	New	DIRECTV GROUP INC	$4,942,000	–	58,135	–	1.63%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,923,000	–	55,281	–	1.62%	–
RCII	New	RENT A CENTER INC	$4,750,000	–	165,630	–	1.56%	–
NVS	New	NOVARTIS A G SPON ADR	$4,741,000	–	52,365	–	1.56%	–
KMB	New	KIMBERLY-CLARK CORP	$4,672,000	–	42,010	–	1.54%	–
SYMC	New	SYMANTEC CORP	$4,654,000	–	203,250	–	1.53%	–
FDX	New	FEDEX CORPORATION	$4,591,000	–	30,330	–	1.51%	–
INTC	New	INTEL CORP	$4,584,000	–	148,341	–	1.51%	–
EMC	New	EMC CORP	$4,530,000	–	172,000	–	1.49%	–
AFL	New	A F L A C INC	$4,488,000	–	72,100	–	1.48%	–
IGT	New	INTL GAME TECHNOLOGY	$4,477,000	–	281,425	–	1.47%	–
IP	New	INTERNATIONAL PAPER	$4,291,000	–	85,022	–	1.41%	–
PFE	New	PFIZER INCORPORATED	$4,278,000	–	144,126	–	1.41%	–
POT	New	POTASH CORP OF SASKATCHEWAN	$4,276,000	–	112,635	–	1.41%	–
TEL	New	TE CONNECTIVITY LTD F	$4,229,000	–	68,381	–	1.39%	–
TWX	New	TIME WARNER INC NEW	$4,048,000	–	57,625	–	1.33%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,046,000	–	49,491	–	1.33%	–
CSX	New	CSX CORP	$4,044,000	–	131,270	–	1.33%	–
COHR	New	COHERENT INC	$3,972,000	–	60,025	–	1.31%	–
CNK	New	CINEMARK HOLDINGS INC	$3,891,000	–	110,050	–	1.28%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$3,756,000	–	124,235	–	1.24%	–
T	New	A T & T INC NEW	$3,680,000	–	104,086	–	1.21%	–
WFC	New	WELLS FARGO & CO	$3,625,000	–	68,960	–	1.19%	–
L	New	LOEWS CORP	$3,572,000	–	81,165	–	1.18%	–
C	New	CITIGROUP INC	$3,419,000	–	72,591	–	1.13%	–
FL	New	FOOT LOCKER INC	$3,317,000	–	65,390	–	1.09%	–
DE	New	DEERE & CO	$3,315,000	–	36,610	–	1.09%	–
BAX	New	BAXTER INTERNATIONAL	$3,287,000	–	45,470	–	1.08%	–
MCD	New	MCDONALDS CORP	$3,235,000	–	32,116	–	1.06%	–
SU	New	SUNCOR ENERGY INC NEW F	$3,160,000	–	74,125	–	1.04%	–
CFN	New	CAREFUSION CORP	$3,062,000	–	69,045	–	1.01%	–
APA	New	APACHE CORP	$3,047,000	–	30,285	–	1.00%	–
BK	New	BANK OF NY MELLON CP NEW	$2,994,000	–	79,875	–	0.99%	–
EDR	New	EDUCATION REALTY TR INC	$2,961,000	–	275,665	–	0.98%	–
ETN	New	EATON CORP PLC	$2,947,000	–	38,185	–	0.97%	–
POLY	New	PLANTRONICS INC NEW COM	$2,861,000	–	59,540	–	0.94%	–
LGIH	New	LGI HOMES INC	$2,856,000	–	156,520	–	0.94%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,630,000	–	140,100	–	0.87%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$2,557,000	–	122,970	–	0.84%	–
DNRCQ	New	DENBURY RESOURCES INC	$2,539,000	–	137,550	–	0.84%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$2,388,000	–	42,865	–	0.79%	–
COP	New	CONOCOPHILLIPS	$2,384,000	–	27,804	–	0.78%	–
CAT	New	CATERPILLAR INC	$2,284,000	–	21,015	–	0.75%	–
EFA	New	ISHARES TR MSCI INDEX FU	$2,165,000	–	31,664	–	0.71%	–
ABBV	New	ABBVIE INC	$2,124,000	–	37,630	–	0.70%	–
ADI	New	ANALOG DEVICES INC	$2,113,000	–	39,075	–	0.70%	–
OUTR	New	OUTERWALL INC	$2,096,000	–	35,311	–	0.69%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,091,000	–	43,109	–	0.69%	–
SPY	New	S P D R S&P 500	$1,991,000	–	10,174	–	0.66%	–
DHI	New	DR HORTON INC	$1,992,000	–	81,025	–	0.66%	–
WIN	New	WINDSTREAM HOLDINGS INC	$1,961,000	–	196,878	–	0.65%	–
DD	New	DU PONT E I DE NEMOUR&CO	$1,891,000	–	28,903	–	0.62%	–
ARCC	New	ARES CAPITAL CORP	$1,800,000	–	100,780	–	0.59%	–
LEA	New	LEAR CORPORATION	$1,743,000	–	19,515	–	0.57%	–
DLX	New	DELUXE CORPORATION	$1,680,000	–	28,675	–	0.55%	–
TWI	New	TITAN INTERNATIONAL INC	$1,643,000	–	97,700	–	0.54%	–
CMC	New	COMMERCIAL METALS CO	$1,630,000	–	94,165	–	0.54%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,611,000	–	18,402	–	0.53%	–
ABT	New	ABBOTT LABORATORIES	$1,591,000	–	38,895	–	0.52%	–
GCI	New	GANNETT CO	$1,593,000	–	50,880	–	0.52%	–
OKSB	New	SOUTHWEST BANCORP INC	$1,519,000	–	89,010	–	0.50%	–
MLR	New	MILLER INDS INC TENN COM NEW	$1,494,000	–	72,615	–	0.49%	–
LBYYQ	New	LIBBEY INC	$1,447,000	–	54,300	–	0.48%	–
ESV	New	ENSCO PLC-SPON ADR	$1,437,000	–	25,855	–	0.47%	–
DESTQ	New	DESTINATION MATERNITY CORP C	$1,426,000	–	62,635	–	0.47%	–
TEF	New	TELEFONICA SPON ADR	$1,392,000	–	81,095	–	0.46%	–
SUP	New	SUPERIOR INDUSTRIES INTL	$1,182,000	–	57,300	–	0.39%	–
LUK	New	LEUCADIA NATIONAL CORP	$1,165,000	–	44,420	–	0.38%	–
MKSI	New	MKS INSTRUMENTS INC	$1,148,000	–	36,750	–	0.38%	–
HCAP	New	HARVEST CAPITAL CREDIT CORP	$1,125,000	–	75,675	–	0.37%	–
AMAT	New	APPLIED MATERIALS INC	$1,096,000	–	48,605	–	0.36%	–
TGI	New	TRIUMPH GROUP INC	$1,065,000	–	15,260	–	0.35%	–
ZBH	New	ZIMMER HOLDINGS INC	$1,041,000	–	10,020	–	0.34%	–
HI	New	HILLENBRAND INC	$999,000	–	30,640	–	0.33%	–
VZ	New	VERIZON COMMUNICATIONS	$929,000	–	18,994	–	0.31%	–
CVS	New	CVS INC	$920,000	–	12,200	–	0.30%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$908,000	–	43,505	–	0.30%	–
LYB	New	LYONDELLBASELL INDU-CL A	$880,000	–	9,010	–	0.29%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$882,000	–	66,620	–	0.29%	–
PTEN	New	PATTERSON-UTI ENERGY INC	$866,000	–	24,780	–	0.28%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$852,000	–	8,325	–	0.28%	–
CAG	New	CONAGRA FOODS INC	$850,000	–	28,650	–	0.28%	–
AINV	New	APOLLO INVESTMENT CORP	$835,000	–	96,929	–	0.28%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$816,000	–	7,077	–	0.27%	–
APD	New	AIR PRODUCTS & CHEMICALS	$738,000	–	5,735	–	0.24%	–
BBG	New	BILL BARRETT CORP	$717,000	–	26,770	–	0.24%	–
RDSB	New	ROYAL DUTCH SHEL PLC SPONS	$696,000	–	8,000	–	0.23%	–
GPI	New	GROUP 1 AUTOMOTIVE	$693,000	–	8,215	–	0.23%	–
IVC	New	INVACARE CORP	$651,000	–	35,435	–	0.21%	–
GAS	New	AGL RESOURCES INC	$628,000	–	11,417	–	0.21%	–
PG	New	PROCTER & GAMBLE	$621,000	–	7,903	–	0.20%	–
AXP	New	AMERICAN EXPRESS CO	$614,000	–	6,470	–	0.20%	–
LSTR	New	LANDSTAR SYSTEM INC	$609,000	–	9,510	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$561,000	–	4,430	–	0.18%	–
MRK	New	MERCK & CO INC NEW	$556,000	–	9,605	–	0.18%	–
TRV	New	TRAVELERS COMPANIES INC	$552,000	–	5,865	–	0.18%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$516,000	–	11,934	–	0.17%	–
CMT	New	CORE MOLDING TECHNOLOGIES	$487,000	–	37,450	–	0.16%	–
KO	New	COCA COLA COMPANY	$462,000	–	10,900	–	0.15%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$462,000	–	9,000	–	0.15%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$455,000	–	4,163	–	0.15%	–
RDC	New	ROWAN COMPANIES PLC	$451,000	–	14,140	–	0.15%	–
LUMN	New	CENTURYLINK INC	$446,000	–	12,325	–	0.15%	–
UBSH	New	UNION BANKSHARES CORP	$436,000	–	17,000	–	0.14%	–
NFX	New	NEWFIELD EXPL CO COM	$425,000	–	9,605	–	0.14%	–
CVX	New	CHEVRON CORPORATION	$416,000	–	3,185	–	0.14%	–
T104PS	New	AMERICAN REALTY CAPITAL PROP	$413,000	–	32,985	–	0.14%	–
BAC	New	BANK OF AMERICA CORP	$412,000	–	26,835	–	0.14%	–
BOND	New	PIMCO TOTAL RETURN ETF	$411,000	–	3,770	–	0.14%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$394,000	–	5,430	–	0.13%	–
IVW	New	ISHARES S&P 500 GROWTH INDEX	$389,000	–	3,700	–	0.13%	–
PEP	New	PEPSICO INC	$381,000	–	4,260	–	0.12%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$366,000	–	3,175	–	0.12%	–
DVN	New	DEVON ENERGY CP NEW	$359,000	–	4,525	–	0.12%	–
FINL	New	FINISH LINE/THE-CL A	$341,000	–	11,450	–	0.11%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$332,000	–	3,220	–	0.11%	–
SCHZ	New	SCHWAB US AGG BOND ETF	$332,000	–	6,400	–	0.11%	–
ORCL	New	ORACLE CORPORATION	$319,000	–	7,865	–	0.10%	–
BDX	New	BECTON DICKINSON & CO	$313,000	–	2,645	–	0.10%	–
WLH	New	WILLIAM LYON HOMES-CL A	$314,000	–	10,300	–	0.10%	–
NEWP	New	NEWPORT CORP	$309,000	–	16,725	–	0.10%	–
AMGN	New	AMGEN INCORPORATED	$297,000	–	2,510	–	0.10%	–
ITT	New	I T T CORPORATION	$293,000	–	6,092	–	0.10%	–
XOM	New	EXXON MOBIL CORP	$291,000	–	2,888	–	0.10%	–
UFPT	New	UFP TECHNOLOGIES INC	$291,000	–	12,100	–	0.10%	–
AET	New	AETNA INC	$281,000	–	3,465	–	0.09%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$271,000	–	10,650	–	0.09%	–
MO	New	ALTRIA GROUP INC	$271,000	–	6,450	–	0.09%	–
SYK	New	STRYKER CORP	$249,000	–	2,950	–	0.08%	–
LXP	New	LEXINGTON REALTY TRUST REIT	$246,000	–	22,332	–	0.08%	–
DUK	New	DUKE ENERGY CORP NEW	$230,000	–	3,102	–	0.08%	–
NEM	New	NEWMONT MINING CORP	$228,000	–	8,975	–	0.08%	–
KSU	New	KANSAS CITY SOUTHERN	$215,000	–	2,000	–	0.07%	–
SCHM	New	SCHWAB US MID CAP ETF	$209,000	–	5,200	–	0.07%	–
CAH	New	CARDINAL HEALTH	$206,000	–	3,000	–	0.07%	–
SCHA	New	SCHWAB US SMALL-CAP ETF	$200,000	–	3,650	–	0.07%	–
RVT	New	ROYCE VALUE TR INC	$167,000	–	10,447	–	0.06%	–
FTR	New	FRONTIER COMMUNICATIONS	$156,000	–	26,728	–	0.05%	–
BZET	New	MACKAY LIFE SCIENCES INC	$0	–	84,375	–	0.00%	–
BCCI	New	BARISTAS COFFEE CO INC	$1,000	–	10,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
BZET	Exit	MACKAY LIFE SCIENCES INC	$0	–	-84,375	–	0.00%	–
GVP	Exit	GSE SYSTEMS INC	$0	–	-13,400	–	-0.01%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT	$0	–	-11,432	–	-0.04%	–
FTR	Exit	FRONTIER COMMUNICATIONS	$0	–	-34,758	–	-0.05%	–
LSI	Exit	LSI CORP	$0	–	-23,300	–	-0.06%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-11,951	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,127	–	-0.07%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-2,000	–	-0.07%	–
ITT	Exit	I T T CORPORATION	$0	–	-6,152	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,525	–	-0.07%	–
AGN	Exit	ALLERGAN INC	$0	–	-2,650	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-2,835	–	-0.08%	–
HR	Exit	HEALTHCARE REALTY TRUST REIT	$0	–	-11,150	–	-0.08%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-7,865	–	-0.08%	–
DVN	Exit	DEVON ENERGY CP NEW	$0	–	-4,575	–	-0.09%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,695	–	-0.09%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-2,510	–	-0.09%	–
SCHZ	Exit	SCHWAB US AGG BOND ETF	$0	–	-5,575	–	-0.09%	–
IWN	Exit	ISHARES RUSSELL 2000 VALUE	$0	–	-3,091	–	-0.09%	–
IVW	Exit	ISHARES S&P 500 GROWTH INDEX	$0	–	-3,250	–	-0.09%	–
IWS	Exit	iSHARES RUSSELL MIDCAP VALUE	$0	–	-5,180	–	-0.10%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,685	–	-0.12%	–
AINV	Exit	APOLLO INVESTMENT CORP	$0	–	-43,729	–	-0.12%	–
BOND	Exit	PIMCO TOTAL RETURN ETF	$0	–	-3,400	–	-0.12%	–
CSH	Exit	CASH AMERICA INTL	$0	–	-8,000	–	-0.12%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-13,500	–	-0.12%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-21,900	–	-0.12%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-12,325	–	-0.13%	–
T104PS	Exit	AMERICAN REALTY CAPITAL PROP	$0	–	-32,525	–	-0.13%	–
LNN	Exit	LINDSAY CORP	$0	–	-4,950	–	-0.13%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-8,555	–	-0.13%	–
KO	Exit	COCA COLA COMPANY	$0	–	-10,950	–	-0.14%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-3,455	–	-0.14%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-30,585	–	-0.14%	–
NFX	Exit	NEWFIELD EXPL CO COM	$0	–	-15,450	–	-0.14%	–
HCAP	Exit	HARVEST CAPITAL CREDIT CORP	$0	–	-28,600	–	-0.14%	–
EEM	Exit	iSHARES MSCI EMERGING MARKET I	$0	–	-10,774	–	-0.14%	–
AGG	Exit	iSHARES BARCLAYS AGGREGATE BON	$0	–	-4,358	–	-0.15%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-5,865	–	-0.16%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-4,430	–	-0.16%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-14,565	–	-0.17%	–
GAS	Exit	AGL RESOURCES INC	$0	–	-11,835	–	-0.18%	–
RDSB	Exit	ROYAL DUTCH SHEL PLC SPONS	$0	–	-8,000	–	-0.18%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-7,913	–	-0.19%	–
POT	Exit	POTASH CORP OF SASKATCHEWAN	$0	–	-19,600	–	-0.20%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-5,835	–	-0.20%	–
CVA	Exit	COVANTA HOLDING CORP	$0	–	-30,000	–	-0.21%	–
AAPL	Exit	APPLE INC	$0	–	-1,360	–	-0.21%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-21,375	–	-0.21%	–
FBIZ	Exit	FIRST BUSINESS FINANCIAL SERVI	$0	–	-20,750	–	-0.22%	–
	Exit	CORE MOLDING TECHNOLOGIES	$0	–	-77,784	–	-0.24%	–
TGI	Exit	TRIUMPH GROUP INC	$0	–	-11,050	–	-0.25%	–
TIP	Exit	ISHARES TR BARCLAYS TIPS BOND	$0	–	-6,970	–	-0.26%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-15,260	–	-0.27%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC	$0	–	-38,580	–	-0.27%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-8,550	–	-0.28%	–
COHR	Exit	COHERENT INC	$0	–	-13,915	–	-0.28%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-49,455	–	-0.28%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-18,586	–	-0.28%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-10,620	–	-0.28%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-60,750	–	-0.37%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-44,450	–	-0.39%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-38,190	–	-0.41%	–
PLOW	Exit	DOUGLAS DYNAMICS	$0	–	-88,775	–	-0.42%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-17,275	–	-0.45%	–
GCI	Exit	GANNETT CO	$0	–	-51,490	–	-0.45%	–
QLGC	Exit	QLOGIC CORP	$0	–	-127,260	–	-0.45%	–
NEWP	Exit	NEWPORT CORP	$0	–	-89,275	–	-0.45%	–
UFPT	Exit	UFP TECHNOLOGIES INC	$0	–	-61,800	–	-0.46%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-18,652	–	-0.46%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC	$0	–	-27,300	–	-0.47%	–
CKH	Exit	SEACOR HOLDINGS INC	$0	–	-16,275	–	-0.48%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-60,055	–	-0.48%	–
FINL	Exit	FINISH LINE/THE-CL A	$0	–	-63,150	–	-0.51%	–
FCN	Exit	F T I CONSULTING INC	$0	–	-42,200	–	-0.52%	–
TEF	Exit	TELEFONICA SPON ADR	$0	–	-104,112	–	-0.52%	–
SPY	Exit	S P D R S&P 500	$0	–	-9,822	–	-0.54%	–
BBG	Exit	BILL BARRETT CORP	$0	–	-66,645	–	-0.54%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-28,900	–	-0.55%	–
ABBV	Exit	ABBVIE INC	$0	–	-38,015	–	-0.55%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-79,955	–	-0.57%	–
WIN	Exit	WINDSTREAM HOLDINGS INC	$0	–	-222,528	–	-0.58%	–
LEA	Exit	LEAR CORPORATION	$0	–	-25,145	–	-0.58%	–
CAT	Exit	CATERPILLAR INC	$0	–	-21,625	–	-0.59%	–
GPI	Exit	GROUP 1 AUTOMOTIVE	$0	–	-23,300	–	-0.59%	–
AA	Exit	ALCOA INC	$0	–	-222,975	–	-0.59%	–
UBSH	Exit	UNION BANKSHARES CORP	$0	–	-78,700	–	-0.60%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-39,250	–	-0.60%	–
DNRCQ	Exit	DENBURY RESOURCES INC	$0	–	-100,315	–	-0.60%	–
DHI	Exit	DR HORTON INC	$0	–	-95,450	–	-0.60%	–
DLLR	Exit	DFC GLOBAL CORP	$0	–	-170,455	–	-0.61%	–
EFA	Exit	ISHARES TR MSCI INDEX FU	$0	–	-29,759	–	-0.62%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-27,409	–	-0.62%	–
GTI	Exit	GRAFTECH INTERNATIONAL	$0	–	-228,425	–	-0.63%	–
MKSI	Exit	MKS INSTRUMENTS INC	$0	–	-75,600	–	-0.65%	–
LBYYQ	Exit	LIBBEY INC	$0	–	-85,725	–	-0.66%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-44,696	–	-0.67%	–
EPL	Exit	EPL OIL & GAS, INC.	$0	–	-56,375	–	-0.68%	–
TWI	Exit	TITAN INTERNATIONAL INC	$0	–	-144,325	–	-0.69%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-52,015	–	-0.70%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-28,750	–	-0.71%	–
FL	Exit	FOOT LOCKER INC	$0	–	-65,075	–	-0.72%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-138,250	–	-0.76%	–
OKSB	Exit	SOUTHWEST BANCORP INC	$0	–	-160,260	–	-0.77%	–
DBD	Exit	DIEBOLD INCORPORATED	$0	–	-80,885	–	-0.77%	–
CSX	Exit	CSX CORP	$0	–	-92,385	–	-0.77%	–
ISSI	Exit	INTEGRATED SILICON SOL	$0	–	-227,750	–	-0.80%	–
BK	Exit	BANK OF NY MELLON CP NEW	$0	–	-82,408	–	-0.81%	–
SU	Exit	SUNCOR ENERGY INC NEW F	$0	–	-70,490	–	-0.82%	–
DLX	Exit	DELUXE CORPORATION	$0	–	-60,625	–	-0.82%	–
CFN	Exit	CAREFUSION CORP	$0	–	-70,375	–	-0.84%	–
ETN	Exit	EATON CORP PLC	$0	–	-37,805	–	-0.84%	–
APA	Exit	APACHE CORP	$0	–	-30,665	–	-0.85%	–
WU	Exit	WESTERN UNION COMPANY	$0	–	-144,510	–	-0.88%	–
MCD	Exit	MCDONALDS CORP	$0	–	-28,725	–	-0.90%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-163,815	–	-0.90%	–
DE	Exit	DEERE & CO	$0	–	-34,840	–	-0.92%	–
SFE	Exit	SAFEGUARD SCIENT INC NEW	$0	–	-184,020	–	-0.94%	–
EDR	Exit	EDUCATION REALTY TR INC	$0	–	-318,850	–	-0.94%	–
C	Exit	CITIGROUP INC	$0	–	-63,199	–	-1.00%	–
T	Exit	A T & T INC NEW	$0	–	-93,096	–	-1.02%	–
INTC	Exit	INTEL CORP	$0	–	-147,941	–	-1.10%	–
L	Exit	LOEWS CORP	$0	–	-72,975	–	-1.11%	–
OMCL	Exit	OMNICELL INC	$0	–	-146,244	–	-1.12%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-49,195	–	-1.14%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-19,090	–	-1.15%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-73,965	–	-1.15%	–
TEL	Exit	TE CONNECTIVITY LTD F	$0	–	-70,430	–	-1.18%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-32,040	–	-1.19%	–
TWX	Exit	TIME WARNER INC NEW	$0	–	-58,599	–	-1.25%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-167,010	–	-1.28%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-55,281	–	-1.30%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-42,520	–	-1.30%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-141,421	–	-1.32%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-53,665	–	-1.34%	–
EMC	Exit	EMC CORP	$0	–	-169,725	–	-1.41%	–
AFL	Exit	A F L A C INC	$0	–	-73,055	–	-1.47%	–
XYL	Exit	XYLEM INC	$0	–	-167,855	–	-1.52%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-148,515	–	-1.53%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-54,941	–	-1.55%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-62,340	–	-1.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-144,728	–	-1.56%	–
ALL	Exit	ALLSTATE CORP	$0	–	-98,285	–	-1.61%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-46,340	–	-1.62%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-98,135	–	-1.65%	–
A309PS	Exit	DIRECTV GROUP INC	$0	–	-89,225	–	-1.73%	–
MMM	Exit	3M COMPANY	$0	–	-45,175	–	-1.75%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-239,985	–	-1.86%	–
LM	Exit	LEGG MASON INC	$0	–	-172,280	–	-1.87%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-71,360	–	-1.87%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-91,270	–	-1.88%	–
INGR	Exit	INGREDION INC	$0	–	-88,635	–	-1.90%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-68,895	–	-2.02%	–
RCII	Exit	RENT A CENTER INC	$0	–	-166,585	–	-2.06%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-113,535	–	-2.32%	–

Q3 2013

			Value		Shares		↓ Weighting
ALB	Buy	ALBEMARLE CORP	$7,146,000	+2.5%	113,535	+1.5%	2.32%	-3.4%
RCII	Sell	RENT A CENTER INC	$6,349,000	+1.0%	166,585	-0.5%	2.06%	-4.8%
SWK	Sell	STANLEY BLACK & DECKER INC	$6,240,000	+16.2%	68,895	-0.8%	2.02%	+9.5%
INGR	Buy	INGREDION INC	$5,865,000	+26.3%	88,635	+25.2%	1.90%	+19.0%
OMC	Sell	OMNICOM GROUP INC	$5,790,000	-2.1%	91,270	-3.0%	1.88%	-7.8%
GPC	Sell	GENUINE PARTS CO	$5,772,000	+2.6%	71,360	-1.0%	1.87%	-3.4%
LM	Sell	LEGG MASON INC	$5,761,000	+6.6%	172,280	-1.2%	1.87%	+0.4%
GE	Buy	GENERAL ELECTRIC COMPANY	$5,733,000	+3.9%	239,985	+0.9%	1.86%	-2.1%
MMM	Buy	3M COMPANY	$5,394,000	+9.8%	45,175	+0.6%	1.75%	+3.5%
A309PS	Sell	DIRECTV GROUP INC	$5,334,000	-4.0%	89,225	-1.0%	1.73%	-9.5%
JPM	Sell	JPMORGAN CHASE & CO	$5,073,000	-3.7%	98,135	-1.6%	1.65%	-9.2%
UTX	Buy	UNITED TECHNOLOGIES CORP	$4,996,000	+17.3%	46,340	+1.1%	1.62%	+10.6%
ALL	New	ALLSTATE CORP	$4,968,000	–	98,285	–	1.61%	–
MSFT	Buy	MICROSOFT CORP	$4,817,000	-3.6%	144,728	+0.1%	1.56%	-9.1%
RTN	Sell	RAYTHEON COMPANY NEW	$4,805,000	+13.7%	62,340	-2.5%	1.56%	+7.1%
JNJ	Sell	JOHNSON & JOHNSON	$4,763,000	+0.1%	54,941	-0.9%	1.55%	-5.7%
CNK	Sell	CINEMARK HOLDINGS INC	$4,714,000	+10.2%	148,515	-3.1%	1.53%	+3.9%
XYL	Buy	XYLEM INC	$4,688,000	+5.0%	167,855	+1.3%	1.52%	-1.0%
AFL	Buy	A F L A C INC	$4,529,000	+8.4%	73,055	+1.6%	1.47%	+2.2%
EMC	Buy	EMC CORP	$4,338,000	+9.8%	169,725	+1.5%	1.41%	+3.5%
NVS	Sell	NOVARTIS A G SPON ADR	$4,117,000	+8.3%	53,665	-0.1%	1.34%	+2.1%
PFE	Sell	PFIZER INCORPORATED	$4,062,000	+2.1%	141,421	-0.4%	1.32%	-3.8%
KMB	Sell	KIMBERLY-CLARK CORP	$4,006,000	-3.1%	42,520	-0.1%	1.30%	-8.7%
CHSP	Sell	CHESAPEAKE LODGING TRUST	$3,931,000	+12.1%	167,010	-1.0%	1.28%	+5.6%
TWX	Sell	TIME WARNER INC NEW	$3,856,000	+13.1%	58,599	-0.6%	1.25%	+6.6%
FDX	Sell	FEDEX CORPORATION	$3,656,000	+14.9%	32,040	-0.7%	1.19%	+8.3%
TEL	Sell	TE CONNECTIVITY LTD F	$3,647,000	+12.9%	70,430	-0.7%	1.18%	+6.4%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$3,542,000	+17.5%	73,965	-0.7%	1.15%	+10.8%
IBM	Sell	INTL BUSINESS MACHINES	$3,535,000	-3.2%	19,090	-0.1%	1.15%	-8.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$3,523,000	+10.2%	49,195	+0.7%	1.14%	+3.8%
OMCL	Sell	OMNICELL INC	$3,463,000	+12.5%	146,244	-2.4%	1.12%	+6.0%
L	Buy	LOEWS CORP	$3,411,000	+5.5%	72,975	+0.2%	1.11%	-0.5%
INTC	Buy	INTEL CORP	$3,391,000	-4.0%	147,941	+1.5%	1.10%	-9.5%
T	Buy	A T & T INC NEW	$3,149,000	+5.3%	93,096	+10.2%	1.02%	-0.8%
C	New	CITIGROUP INC	$3,066,000	–	63,199	–	1.00%	–
EDR	New	EDUCATION REALTY TR INC	$2,902,000	–	318,850	–	0.94%	–
SFE	Buy	SAFEGUARD SCIENT INC NEW	$2,887,000	-1.7%	184,020	+0.6%	0.94%	-7.3%
DE	Buy	DEERE & CO	$2,836,000	+2.4%	34,840	+2.2%	0.92%	-3.5%
CMC	Buy	COMMERCIAL METALS CO	$2,777,000	+24.9%	163,815	+8.8%	0.90%	+17.6%
MCD	Buy	MCDONALDS CORP	$2,764,000	-1.8%	28,725	+1.1%	0.90%	-7.4%
WU	Sell	WESTERN UNION COMPANY	$2,697,000	+6.8%	144,510	-2.1%	0.88%	+0.6%
APA	Buy	APACHE CORP	$2,611,000	+4.1%	30,665	+2.4%	0.85%	-2.0%
ETN	Sell	EATON CORP PLC	$2,602,000	+4.0%	37,805	-0.6%	0.84%	-2.0%
CFN	Sell	CAREFUSION CORP	$2,597,000	-1.4%	70,375	-1.5%	0.84%	-7.1%
DLX	Sell	DELUXE CORPORATION	$2,526,000	+18.2%	60,625	-1.7%	0.82%	+11.4%
SU	Buy	SUNCOR ENERGY INC NEW F	$2,522,000	+27.4%	70,490	+5.0%	0.82%	+20.1%
ISSI	Sell	INTEGRATED SILICON SOL	$2,480,000	-2.1%	227,750	-1.4%	0.80%	-7.7%
CSX	Buy	CSX CORP	$2,378,000	+19.1%	92,385	+7.3%	0.77%	+12.4%
DBD	Sell	DIEBOLD INCORPORATED	$2,375,000	-13.3%	80,885	-0.5%	0.77%	-18.2%
OKSB	New	SOUTHWEST BANCORP INC	$2,373,000	–	160,260	–	0.77%	–
MLR	Sell	MILLER INDS INC TENN COM NEW	$2,347,000	+10.2%	138,250	-0.1%	0.76%	+4.0%
FL	New	FOOT LOCKER INC	$2,209,000	–	65,075	–	0.72%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$2,193,000	–	28,750	–	0.71%	–
WFC	Buy	WELLS FARGO & CO	$2,149,000	+4.4%	52,015	+4.3%	0.70%	-1.6%
TWI	Buy	TITAN INTERNATIONAL INC	$2,113,000	+12.6%	144,325	+29.8%	0.69%	+6.2%
EPL	Sell	EPL OIL & GAS, INC.	$2,092,000	-37.9%	56,375	-50.9%	0.68%	-41.5%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,069,000	+3.1%	44,696	-0.4%	0.67%	-2.7%
LBYYQ	New	LIBBEY INC	$2,039,000	–	85,725	–	0.66%	–
MKSI	Sell	MKS INSTRUMENTS INC	$2,010,000	-0.7%	75,600	-0.9%	0.65%	-6.5%
GTI	Buy	GRAFTECH INTERNATIONAL	$1,930,000	+24.0%	228,425	+6.9%	0.63%	+16.8%
COP	Buy	CONOCOPHILLIPS	$1,905,000	+15.0%	27,409	+0.1%	0.62%	+8.2%
EFA	Buy	ISHARES TR MSCI INDEX FU	$1,899,000	+30.7%	29,759	+17.4%	0.62%	+23.2%
DLLR	Buy	DFC GLOBAL CORP	$1,873,000	-14.7%	170,455	+7.2%	0.61%	-19.7%
DHI	New	DR HORTON INC	$1,855,000	–	95,450	–	0.60%	–
DNRCQ	Buy	DENBURY RESOURCES INC	$1,847,000	+7.8%	100,315	+1.5%	0.60%	+1.5%
UBSH	Sell	UNION BANKSHARES CORP	$1,839,000	+9.9%	78,700	-3.2%	0.60%	+3.5%
AA	Sell	ALCOA INC	$1,811,000	+3.2%	222,975	-0.6%	0.59%	-2.6%
GPI	Buy	GROUP 1 AUTOMOTIVE	$1,810,000	+27.6%	23,300	+5.7%	0.59%	+20.3%
CAT	Buy	CATERPILLAR INC	$1,804,000	+3.2%	21,625	+2.1%	0.59%	-2.7%
LEA	Buy	LEAR CORPORATION	$1,800,000	+27.8%	25,145	+8.0%	0.58%	+20.4%
WIN	New	WINDSTREAM HOLDINGS INC	$1,778,000	–	222,528	–	0.58%	–
TBNK	Buy	TERRITORIAL BANCORP INC COM	$1,757,000	-2.6%	79,955	+0.2%	0.57%	-8.2%
ABBV	Sell	ABBVIE INC	$1,700,000	+7.3%	38,015	-0.8%	0.55%	+1.1%
BBG	Sell	BILL BARRETT CORP	$1,673,000	+22.5%	66,645	-1.3%	0.54%	+15.5%
TEF	Sell	TELEFONICA SPON ADR	$1,612,000	+19.1%	104,112	-1.5%	0.52%	+12.2%
FCN	Sell	F T I CONSULTING INC	$1,595,000	+13.0%	42,200	-1.6%	0.52%	+6.6%
FINL	Sell	FINISH LINE/THE-CL A	$1,571,000	-54.8%	63,150	-60.3%	0.51%	-57.4%
CKH	Sell	SEACOR HOLDINGS INC	$1,472,000	-17.9%	16,275	-24.6%	0.48%	-22.5%
SAFT	Sell	SAFETY INSURANCE GROUP INC	$1,446,000	+7.8%	27,300	-1.3%	0.47%	+1.5%
ITW	Sell	ILLINOIS TOOL WORKS INC	$1,423,000	+8.5%	18,652	-1.6%	0.46%	+2.2%
UFPT	Sell	UFP TECHNOLOGIES INC	$1,407,000	+15.3%	61,800	-0.8%	0.46%	+8.8%
NEWP	Sell	NEWPORT CORP	$1,395,000	+9.5%	89,275	-2.4%	0.45%	+3.2%
QLGC	Sell	QLOGIC CORP	$1,392,000	+13.4%	127,260	-0.9%	0.45%	+6.9%
ESL	Sell	ESTERLINE TECHNOLOGIES CORP	$1,380,000	+8.7%	17,275	-1.7%	0.45%	+2.5%
GCI	Sell	GANNETT CO	$1,379,000	-3.8%	51,490	-12.1%	0.45%	-9.3%
PLOW	Sell	DOUGLAS DYNAMICS	$1,308,000	+12.7%	88,775	-0.8%	0.42%	+6.2%
ABT	Buy	ABBOTT LABORATORIES	$1,268,000	-4.2%	38,190	+0.6%	0.41%	-9.6%
LUK	Buy	LEUCADIA NATIONAL CORP	$1,211,000	+5.3%	44,450	+1.4%	0.39%	-0.8%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$1,135,000	+10.5%	60,750	+8.9%	0.37%	+4.0%
ZBH	Sell	ZIMMER HOLDINGS INC	$872,000	+6.6%	10,620	-2.7%	0.28%	+0.4%
VZ	Sell	VERIZON COMMUNICATIONS	$868,000	-8.8%	18,586	-1.7%	0.28%	-14.0%
COHR	Sell	COHERENT INC	$854,000	+9.3%	13,915	-1.8%	0.28%	+3.0%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$848,000	-2.3%	8,550	-1.4%	0.28%	-8.0%
PTEN	Sell	PATTERSON-UTI ENERGY INC	$825,000	+8.8%	38,580	-1.5%	0.27%	+2.7%
STJ	Sell	ST JUDE MEDICAL INC	$819,000	+14.5%	15,260	-2.6%	0.27%	+8.1%
TIP	Buy	ISHARES TR BARCLAYS TIPS BOND	$785,000	+8.3%	6,970	+7.7%	0.26%	+2.0%
TGI	New	TRIUMPH GROUP INC	$776,000	–	11,050	–	0.25%	–
	New	CORE MOLDING TECHNOLOGIES	$745,000	–	77,784	–	0.24%	–
CAG	New	CONAGRA FOODS INC	$649,000	–	21,375	–	0.21%	–
AAPL	Sell	APPLE INC	$648,000	+11.1%	1,360	-7.5%	0.21%	+4.5%
CVA	Sell	COVANTA HOLDING CORP	$641,000	-8.6%	30,000	-14.3%	0.21%	-13.7%
APD	Sell	AIR PRODUCTS & CHEMICALS	$622,000	+12.5%	5,835	-3.3%	0.20%	+6.3%
POT	New	POTASH CORP OF SASKATCHEWAN	$613,000	–	19,600	–	0.20%	–
PG	Sell	PROCTER & GAMBLE	$598,000	-2.4%	7,913	-0.6%	0.19%	-8.1%
BRKB	Buy	BERKSHIRE HATHAWAY B NEW CLASS	$503,000	+18.4%	4,430	+16.6%	0.16%	+11.6%
AGG	Buy	iSHARES BARCLAYS AGGREGATE BON	$467,000	+10.1%	4,358	+10.1%	0.15%	+4.1%
EEM	Buy	iSHARES MSCI EMERGING MARKET I	$439,000	+54.6%	10,774	+46.1%	0.14%	+44.9%
HCAP	New	HARVEST CAPITAL CREDIT CORP	$430,000	–	28,600	–	0.14%	–
CVX	Sell	CHEVRON CORPORATION	$420,000	+1.9%	3,455	-0.7%	0.14%	-4.2%
LNN	New	LINDSAY CORP	$404,000	–	4,950	–	0.13%	–
NEM	Buy	NEWMONT MINING CORP	$379,000	-5.5%	13,500	+0.7%	0.12%	-10.9%
ARCC	Buy	ARES CAPITAL CORP	$379,000	+3.6%	21,900	+3.1%	0.12%	-2.4%
BOND	New	PIMCO TOTAL RETURN ETF	$360,000	–	3,400	–	0.12%	–
AINV	Buy	APOLLO INVESTMENT CORP	$356,000	+98.9%	43,729	+89.1%	0.12%	+87.1%
AXP	Buy	AMERICAN EXPRESS CO	$354,000	+9.3%	4,685	+8.1%	0.12%	+2.7%
IVW	New	ISHARES S&P 500 GROWTH INDEX	$290,000	–	3,250	–	0.09%	–
SCHZ	Buy	SCHWAB US AGG BOND ETF	$283,000	+11.9%	5,575	+11.5%	0.09%	+5.7%
AMGN	Sell	AMGEN INCORPORATED	$281,000	+8.9%	2,510	-3.8%	0.09%	+2.2%
BDX	Buy	BECTON DICKINSON & CO	$270,000	+11.6%	2,695	+10.2%	0.09%	+6.0%
XOM	Sell	EXXON MOBIL CORP	$244,000	-6.2%	2,835	-1.6%	0.08%	-12.2%
AGN	New	ALLERGAN INC	$240,000	–	2,650	–	0.08%	–
ITT	New	I T T CORPORATION	$221,000	–	6,152	–	0.07%	–
KSU	Sell	KANSAS CITY SOUTHERN	$219,000	-17.4%	2,000	-20.0%	0.07%	-22.0%
RVT	Buy	ROYCE VALUE TR INC	$193,000	+6.6%	11,951	+0.0%	0.06%	+1.6%
JPMPRICL	Exit	JPMORGAN CHASE & CO. 8.625% NOpfd	$0	–	-11,565	–	-0.10%	–
PSX	Exit	PHILLIPS 66	$0	–	-11,074	–	-0.22%	–
PATR	Exit	PATRIOT TRANSN HLDG INC	$0	–	-33,325	–	-0.34%	–
PAYX	Exit	PAYCHEX INC	$0	–	-31,510	–	-0.40%	–
MFA	Exit	MFA FINANCIAL INC REIT	$0	–	-171,600	–	-0.50%	–
WIN	Exit	WINDSTREAM CORP	$0	–	-225,628	–	-0.60%	–
CMI	Exit	CUMMINS INC	$0	–	-20,015	–	-0.75%	–
SWM	Exit	SCHWEITZER-MAUDUIT INTL INC	$0	–	-53,675	–	-0.92%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-54,200	–	-1.32%	–
DWA	Exit	DREAMWORKS ANIMATION INC CLASS	$0	–	-161,950	–	-1.43%	–
ALV	Exit	AUTOLIV INC	$0	–	-57,370	–	-1.53%	–

Q2 2013

			Value		Shares		↓ Weighting
ALB	New	ALBEMARLE CORP	$6,969,000	–	111,885	–	2.40%	–
RCII	New	RENT A CENTER INC	$6,287,000	–	167,435	–	2.16%	–
OMC	New	OMNICOM GROUP INC	$5,913,000	–	94,045	–	2.04%	–
GPC	New	GENUINE PARTS CO	$5,626,000	–	72,060	–	1.94%	–
A309PS	New	DIRECTV GROUP INC	$5,554,000	–	90,100	–	1.91%	–
GE	New	GENERAL ELECTRIC COMPANY	$5,518,000	–	237,930	–	1.90%	–
LM	New	LEGG MASON INC	$5,406,000	–	174,325	–	1.86%	–
SWK	New	STANLEY BLACK & DECKER INC	$5,369,000	–	69,455	–	1.85%	–
JPM	New	JPMORGAN CHASE & CO	$5,266,000	–	99,760	–	1.81%	–
MSFT	New	MICROSOFT CORP	$4,995,000	–	144,583	–	1.72%	–
MMM	New	3M COMPANY	$4,913,000	–	44,925	–	1.69%	–
JNJ	New	JOHNSON & JOHNSON	$4,759,000	–	55,431	–	1.64%	–
INGR	New	INGREDION INC	$4,645,000	–	70,785	–	1.60%	–
XYL	New	XYLEM INC	$4,463,000	–	165,655	–	1.54%	–
ALV	New	AUTOLIV INC	$4,440,000	–	57,370	–	1.53%	–
CNK	New	CINEMARK HOLDINGS INC	$4,278,000	–	153,215	–	1.47%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,258,000	–	45,815	–	1.47%	–
RTN	New	RAYTHEON COMPANY NEW	$4,226,000	–	63,915	–	1.46%	–
AFL	New	A F L A C INC	$4,179,000	–	71,905	–	1.44%	–
DWA	New	DREAMWORKS ANIMATION INC CLASS	$4,156,000	–	161,950	–	1.43%	–
KMB	New	KIMBERLY-CLARK CORP	$4,135,000	–	42,570	–	1.42%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,031,000	–	55,281	–	1.39%	–
PFE	New	PFIZER INCORPORATED	$3,979,000	–	142,046	–	1.37%	–
EMC	New	EMC CORP	$3,950,000	–	167,225	–	1.36%	–
BBBY	New	BED BATH & BEYOND INC	$3,845,000	–	54,200	–	1.32%	–
NVS	New	NOVARTIS A G SPON ADR	$3,800,000	–	53,740	–	1.31%	–
IBM	New	INTL BUSINESS MACHINES	$3,653,000	–	19,115	–	1.26%	–
INTC	New	INTEL CORP	$3,532,000	–	145,766	–	1.22%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$3,507,000	–	168,710	–	1.21%	–
FINL	New	FINISH LINE/THE-CL A	$3,477,000	–	159,050	–	1.20%	–
TWX	New	TIME WARNER INC NEW	$3,410,000	–	58,973	–	1.17%	–
EPL	New	EPL OIL & GAS, INC.	$3,369,000	–	114,750	–	1.16%	–
L	New	LOEWS CORP	$3,232,000	–	72,800	–	1.11%	–
TEL	New	TE CONNECTIVITY LTD F	$3,231,000	–	70,955	–	1.11%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,198,000	–	48,845	–	1.10%	–
FDX	New	FEDEX CORPORATION	$3,181,000	–	32,265	–	1.10%	–
OMCL	New	OMNICELL INC	$3,079,000	–	149,854	–	1.06%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$3,014,000	–	74,465	–	1.04%	–
T	New	A T & T INC NEW	$2,990,000	–	84,471	–	1.03%	–
SFE	New	SAFEGUARD SCIENT INC NEW	$2,936,000	–	182,940	–	1.01%	–
MCD	New	MCDONALDS CORP	$2,814,000	–	28,425	–	0.97%	–
DE	New	DEERE & CO	$2,770,000	–	34,090	–	0.95%	–
DBD	New	DIEBOLD INCORPORATED	$2,739,000	–	81,310	–	0.94%	–
SWM	New	SCHWEITZER-MAUDUIT INTL INC	$2,677,000	–	53,675	–	0.92%	–
CFN	New	CAREFUSION CORP	$2,633,000	–	71,465	–	0.91%	–
ISSI	New	INTEGRATED SILICON SOL	$2,532,000	–	231,000	–	0.87%	–
WU	New	WESTERN UNION COMPANY	$2,526,000	–	147,635	–	0.87%	–
APA	New	APACHE CORP	$2,509,000	–	29,935	–	0.86%	–
ETN	New	EATON CORP PLC	$2,503,000	–	38,030	–	0.86%	–
BK	New	BANK OF NY MELLON CP NEW	$2,312,000	–	82,408	–	0.80%	–
CMC	New	COMMERCIAL METALS CO	$2,223,000	–	150,525	–	0.77%	–
DLLR	New	DFC GLOBAL CORP	$2,197,000	–	159,055	–	0.76%	–
CMI	New	CUMMINS INC	$2,171,000	–	20,015	–	0.75%	–
DLX	New	DELUXE CORPORATION	$2,137,000	–	61,675	–	0.74%	–
MLR	New	MILLER INDS INC TENN COM NEW	$2,129,000	–	138,400	–	0.73%	–
WFC	New	WELLS FARGO & CO	$2,058,000	–	49,865	–	0.71%	–
MKSI	New	MKS INSTRUMENTS INC	$2,025,000	–	76,300	–	0.70%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,006,000	–	44,896	–	0.69%	–
CSX	New	CSX CORP	$1,996,000	–	86,060	–	0.69%	–
SU	New	SUNCOR ENERGY INC NEW F	$1,980,000	–	67,140	–	0.68%	–
TWI	New	TITAN INTERNATIONAL INC	$1,876,000	–	111,225	–	0.65%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$1,803,000	–	79,765	–	0.62%	–
CKH	New	SEACOR HOLDINGS INC	$1,792,000	–	21,575	–	0.62%	–
ADI	New	ANALOG DEVICES INC	$1,769,000	–	39,250	–	0.61%	–
AA	New	ALCOA INC	$1,755,000	–	224,375	–	0.60%	–
CAT	New	CATERPILLAR INC	$1,748,000	–	21,190	–	0.60%	–
WIN	New	WINDSTREAM CORP	$1,740,000	–	225,628	–	0.60%	–
DNRCQ	New	DENBURY RESOURCES INC	$1,713,000	–	98,875	–	0.59%	–
UBSH	New	UNION BANKSHARES CORP	$1,674,000	–	81,300	–	0.58%	–
COP	New	CONOCOPHILLIPS	$1,657,000	–	27,384	–	0.57%	–
ABBV	New	ABBVIE INC	$1,584,000	–	38,315	–	0.55%	–
SPY	New	S P D R S&P 500	$1,576,000	–	9,822	–	0.54%	–
GTI	New	GRAFTECH INTERNATIONAL	$1,556,000	–	213,725	–	0.54%	–
DD	New	DU PONT E I DE NEMOUR&CO	$1,517,000	–	28,900	–	0.52%	–
EFA	New	ISHARES TR MSCI INDEX FU	$1,453,000	–	25,359	–	0.50%	–
MFA	New	MFA FINANCIAL INC REIT	$1,450,000	–	171,600	–	0.50%	–
GCI	New	GANNETT CO	$1,433,000	–	58,590	–	0.49%	–
GPI	New	GROUP 1 AUTOMOTIVE	$1,418,000	–	22,050	–	0.49%	–
FCN	New	F T I CONSULTING INC	$1,411,000	–	42,900	–	0.49%	–
LEA	New	LEAR CORPORATION	$1,408,000	–	23,285	–	0.48%	–
BBG	New	BILL BARRETT CORP	$1,366,000	–	67,545	–	0.47%	–
TEF	New	TELEFONICA SPON ADR	$1,354,000	–	105,712	–	0.47%	–
SYMC	New	SYMANTEC CORP	$1,350,000	–	60,055	–	0.46%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$1,341,000	–	27,650	–	0.46%	–
ABT	New	ABBOTT LABORATORIES	$1,324,000	–	37,965	–	0.46%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,311,000	–	18,952	–	0.45%	–
NEWP	New	NEWPORT CORP	$1,274,000	–	91,475	–	0.44%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$1,270,000	–	17,575	–	0.44%	–
QLGC	New	QLOGIC CORP	$1,227,000	–	128,360	–	0.42%	–
UFPT	New	UFP TECHNOLOGIES INC	$1,220,000	–	62,300	–	0.42%	–
PLOW	New	DOUGLAS DYNAMICS	$1,161,000	–	89,475	–	0.40%	–
PAYX	New	PAYCHEX INC	$1,150,000	–	31,510	–	0.40%	–
LUK	New	LEUCADIA NATIONAL CORP	$1,150,000	–	43,850	–	0.40%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$1,027,000	–	55,800	–	0.35%	–
PATR	New	PATRIOT TRANSN HLDG INC	$1,001,000	–	33,325	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS	$952,000	–	18,917	–	0.33%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$868,000	–	8,675	–	0.30%	–
ZBH	New	ZIMMER HOLDINGS INC	$818,000	–	10,920	–	0.28%	–
COHR	New	COHERENT INC	$781,000	–	14,175	–	0.27%	–
PTEN	New	PATTERSON-UTI ENERGY INC	$758,000	–	39,150	–	0.26%	–
AMAT	New	APPLIED MATERIALS INC	$738,000	–	49,455	–	0.25%	–
TIP	New	ISHARES TR BARCLAYS TIPS BOND	$725,000	–	6,470	–	0.25%	–
STJ	New	ST JUDE MEDICAL INC	$715,000	–	15,660	–	0.25%	–
CVA	New	COVANTA HOLDING CORP	$701,000	–	35,000	–	0.24%	–
PSX	New	PHILLIPS 66	$652,000	–	11,074	–	0.22%	–
FBIZ	New	FIRST BUSINESS FINANCIAL SERVI	$622,000	–	20,750	–	0.21%	–
PG	New	PROCTER & GAMBLE	$613,000	–	7,963	–	0.21%	–
AAPL	New	APPLE INC	$583,000	–	1,470	–	0.20%	–
APD	New	AIR PRODUCTS & CHEMICALS	$553,000	–	6,035	–	0.19%	–
RDSB	New	ROYAL DUTCH SHEL PLC SPONS	$530,000	–	8,000	–	0.18%	–
GAS	New	AGL RESOURCES INC	$507,000	–	11,835	–	0.18%	–
T104PS	New	AMERICAN REALTY CAPITAL PROP	$496,000	–	32,525	–	0.17%	–
RDC	New	ROWAN COMPANIES PLC	$496,000	–	14,565	–	0.17%	–
TRV	New	TRAVELERS COMPANIES INC	$469,000	–	5,865	–	0.16%	–
KO	New	COCA COLA COMPANY	$439,000	–	10,950	–	0.15%	–
LUMN	New	CENTURYLINK INC	$436,000	–	12,325	–	0.15%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$425,000	–	3,800	–	0.15%	–
AGG	New	iSHARES BARCLAYS AGGREGATE BON	$424,000	–	3,958	–	0.15%	–
CVX	New	CHEVRON CORPORATION	$412,000	–	3,480	–	0.14%	–
NEM	New	NEWMONT MINING CORP	$401,000	–	13,400	–	0.14%	–
MRK	New	MERCK & CO INC NEW	$397,000	–	8,555	–	0.14%	–
BAC	New	BANK OF AMERICA CORP	$393,000	–	30,585	–	0.14%	–
NFX	New	NEWFIELD EXPL CO COM	$369,000	–	15,450	–	0.13%	–
ARCC	New	ARES CAPITAL CORP	$366,000	–	21,250	–	0.13%	–
CSH	New	CASH AMERICA INTL	$364,000	–	8,000	–	0.12%	–
AXP	New	AMERICAN EXPRESS CO	$324,000	–	4,335	–	0.11%	–
IWS	New	iSHARES RUSSELL MIDCAP VALUE	$300,000	–	5,180	–	0.10%	–
JPMPRICL	New	JPMORGAN CHASE & CO. 8.625% NOpfd	$294,000	–	11,565	–	0.10%	–
EEM	New	iSHARES MSCI EMERGING MARKET I	$284,000	–	7,374	–	0.10%	–
HR	New	HEALTHCARE REALTY TRUST REIT	$284,000	–	11,150	–	0.10%	–
IWN	New	ISHARES RUSSELL 2000 VALUE	$266,000	–	3,091	–	0.09%	–
KSU	New	KANSAS CITY SOUTHERN	$265,000	–	2,500	–	0.09%	–
XOM	New	EXXON MOBIL CORP	$260,000	–	2,880	–	0.09%	–
AMGN	New	AMGEN INCORPORATED	$258,000	–	2,610	–	0.09%	–
SCHZ	New	SCHWAB US AGG BOND ETF	$253,000	–	5,000	–	0.09%	–
BDX	New	BECTON DICKINSON & CO	$242,000	–	2,445	–	0.08%	–
ORCL	New	ORACLE CORPORATION	$242,000	–	7,865	–	0.08%	–
DVN	New	DEVON ENERGY CP NEW	$237,000	–	4,575	–	0.08%	–
MO	New	ALTRIA GROUP INC	$228,000	–	6,525	–	0.08%	–
DUK	New	DUKE ENERGY CORP NEW	$211,000	–	3,127	–	0.07%	–
AINV	New	APOLLO INVESTMENT CORP	$179,000	–	23,129	–	0.06%	–
RVT	New	ROYCE VALUE TR INC	$181,000	–	11,947	–	0.06%	–
LSI	New	LSI CORP	$166,000	–	23,300	–	0.06%	–
FTR	New	FRONTIER COMMUNICATIONS	$141,000	–	34,758	–	0.05%	–
LXP	New	LEXINGTON REALTY TRUST REIT	$134,000	–	11,432	–	0.05%	–
GVP	New	GSE SYSTEMS INC	$20,000	–	13,400	–	0.01%	–
BZET	New	MACKAY LIFE SCIENCES INC	$1,000	–	84,375	–	0.00%	–

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