JBF Capital, Inc. Activity Q4 2009-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC. CMN	$5,821,140	+0.0%	34,000	+13.3%	1.29%	+5.6%
PBR	Sell	PETROLEO BRASILEIRO S A PETROBRAS SPONSORED ADR CMN	$5,388,150	+8.2%	365,000	-0.5%	1.19%	+14.3%
AER	Buy	AERCAP HOLDINGS NV	$1,441,410	+10.7%	23,000	+12.2%	0.32%	+16.8%
NVDA	New	NVIDIA CORPORATION CMN	$1,261,471	–	2,900	–	0.28%	–
AVGO	New	BROADCOM INC. CMN	$1,245,870	–	1,500	–	0.28%	–
FB	New	META PLATFORMS INC-CLASS A CMN CLASS A	$1,230,861	–	4,100	–	0.27%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$1,213,020	–	9,200	–	0.27%	–
SNOW	New	SNOWFLAKE INC. CMN CLASS A	$1,191,606	–	7,800	–	0.26%	–
	New	KENVUE INC	$889,544	–	44,300	–	0.20%	–
RSP	New	INVESCO S&P 500 EQUAL WEIGHT ETFetf	$850,140	–	6,000	–	0.19%	–
DFS	Buy	DISCOVER FINANCIAL SERVICES	$710,366	+1.3%	8,200	+36.7%	0.16%	+6.8%
SLM	Buy	SLM CORP	$626,520	-6.4%	46,000	+12.2%	0.14%	-1.4%
	Sell	ENLIVEN THERAPEUTICS INC	$368,902	-63.9%	27,006	-46.0%	0.08%	-61.7%
ADS	Sell	BREAD FINANCIAL HOLDINGS INC	$342,000	+3.8%	10,000	-4.8%	0.08%	+10.1%
CPRI	Sell	CAPRI HOLDINGS LTD	$289,355	-5.1%	5,500	-35.3%	0.06%	0.0%
	New	FRESH TRACKS THERAPEUTICS IN	$286,150	–	295,000	–	0.06%	–
AVRO	New	AVROBIO INC	$246,400	–	160,000	–	0.05%	–
SQNS	New	SEQUANS COMMUNICATIONS-ADRsponsored ads	$198,242	–	70,050	–	0.04%	–
LU	Buy	LUFAX HOLDING LTD-ADR	$121,900	-14.8%	115,000	+15.0%	0.03%	-10.0%
TKC	Sell	TURKCELL ILETISIM HIZMET-ADRspon adr new	$82,775	+0.8%	17,500	-23.9%	0.02%	+5.9%
	Exit	APEXIGEN INC	$0	–	-9,130	–	-0.00%	–
	Exit	GREENLIGHT BIOSCIENCES HOLDI	$0	–	-50,000	–	-0.00%	–
STCN	Exit	STEEL CONNECT INC	$0	–	-7,026	–	-0.01%	–
FOR	Exit	FORESTAR GROUP INC	$0	–	-2,500	–	-0.01%	–
EC	Exit	ECOPETROL SA-SPONSORED ADRsponsored ads	$0	–	-6,000	–	-0.01%	–
KB	Exit	KB FINANCIAL GROUP INC-ADRsponsored adr	$0	–	-2,000	–	-0.02%	–
	Exit	PARDES BIOSCIENCES INC	$0	–	-43,998	–	-0.02%	–
BBW	Exit	BUILD-A-BEAR WORKSHOP, INC. CMN	$0	–	-6,000	–	-0.03%	–
	Exit	RXO, INC. CMN	$0	–	-6,000	–	-0.03%	–
SWKH	Exit	SWK HOLDINGS CORP	$0	–	-8,355	–	-0.03%	–
TECK	Exit	TECK RESOURCES LIMITED CMN CLASS B	$0	–	-3,616	–	-0.03%	–
MAYS	Exit	MAYS J.W. INC CMN	$0	–	-3,988	–	-0.04%	–
FYBR	Exit	FRONTIER COMMUNICATIONS PARE	$0	–	-9,975	–	-0.04%	–
ISEE	Exit	IVERIC BIO INC	$0	–	-5,000	–	-0.04%	–
QQQ	Exit	QQQ @ 325 EXP 09/15/2023put	$0	–	-3,000	–	-0.08%	–
KDNY	Exit	CHINOOK THERAPEUTICS INC	$0	–	-11,500	–	-0.09%	–
SPY	Exit	SPY @ 406 EXP 09/15/2023put	$0	–	-3,000	–	-0.10%	–
	Exit	CHARAH SOLUTIONS INC	$0	–	-94,000	–	-0.12%	–
SPB	Exit	SPECTRUM BRANDS HOLDINGS INC CMN	$0	–	-10,000	–	-0.16%	–
JBGS	Exit	JBG SMITH PROPERTIES CMN REIT	$0	–	-629,219	–	-1.98%	–

Q2 2023

			Value		Shares		↓ Weighting
VOO	New	VANGUARD S&P 500 ETFetf	$207,354,801	–	509,121	–	43.41%	–
MSFT	New	MICROSOFT CORPORATION CMN	$60,956,660	–	179,000	–	12.76%	–
GRBK	New	GREEN BRICK PARTNERS, INC. CMN	$51,945,247	–	914,529	–	10.88%	–
AMZN	New	AMAZON.COM INC CMN	$35,457,920	–	272,000	–	7.42%	–
CNQ	New	CANADIAN NATURAL RESOURCES CMN	$14,326,553	–	254,649	–	3.00%	–
VAL	New	VALARIS LIMITED CMN	$12,939,100	–	205,611	–	2.71%	–
JBGS	New	JBG SMITH PROPERTIES CMN REIT	$9,463,454	–	629,219	–	1.98%	–
LOW	New	LOWES COMPANIES INC CMN	$9,028,000	–	40,000	–	1.89%	–
CVE	New	CENOVUS ENERGY INC. CMN	$8,247,797	–	485,736	–	1.73%	–
	New	SHELL PLC SPONSORED ADR CMN	$6,038,000	–	100,000	–	1.26%	–
AAPL	New	APPLE INC. CMN	$5,819,100	–	30,000	–	1.22%	–
HD	New	THE HOME DEPOT, INC. CMN	$5,715,776	–	18,400	–	1.20%	–
VVI	New	VIAD CORP CMN	$5,409,331	–	201,240	–	1.13%	–
PBR	New	PETROLEO BRASIL-SP PREF ADRsponsored adr	$4,977,790	–	367,000	–	1.04%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$4,520,264	–	26,388	–	0.95%	–
	New	LEE ENTERPRISES, INCORPORATED CMN	$2,364,984	–	177,151	–	0.50%	–
GM	New	GENERAL MOTORS COMPANY CMN	$2,313,600	–	60,000	–	0.48%	–
	New	COREBRIDGE FINANCIAL, INC. CMN	$2,119,200	–	120,000	–	0.44%	–
BHF	New	BRIGHTHOUSE FINANCIAL, INC. CMN	$2,116,545	–	44,700	–	0.44%	–
CEIX	New	CONSOL ENERGY INC. CMN	$2,034,300	–	30,000	–	0.43%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC CMN	$1,936,797	–	597,777	–	0.40%	–
EQT	New	EQT CORPORATION CMN	$1,850,850	–	45,000	–	0.39%	–
GTX	New	GARRETT MOTION INC	$1,346,408	–	177,861	–	0.28%	–
AER	New	AERCAP HOLDINGS NV	$1,302,160	–	20,500	–	0.27%	–
UBS	New	UBS GROUP AG CMN	$1,064,017	–	52,500	–	0.22%	–
	New	ENLIVEN THERAPEUTICS INC	$1,021,521	–	50,050	–	0.21%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$929,645	–	8,500	–	0.20%	–
SPB	New	SPECTRUM BRANDS HOLDINGS INC CMN	$780,500	–	10,000	–	0.16%	–
JPM	New	JPMORGAN CHASE & CO CMN	$727,200	–	5,000	–	0.15%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$701,100	–	6,000	–	0.15%	–
SLM	New	SLM CORP	$669,120	–	41,000	–	0.14%	–
SYF	New	SYNCHRONY FINANCIAL	$644,480	–	19,000	–	0.14%	–
MU	New	MICRON TECHNOLOGY, INC. CMN	$631,100	–	10,000	–	0.13%	–
XPEL	New	XPEL INC	$622,638	–	7,393	–	0.13%	–
SF	New	STIFEL FINANCIAL CORP CMN	$596,700	–	10,000	–	0.12%	–
	New	CHARAH SOLUTIONS INC	$549,900	–	94,000	–	0.12%	–
SPY	New	SPY @ 406 EXP 09/15/2023put	$473,000	–	3,000	–	0.10%	–
AAIC	New	ARLINGTON ASSET INVESTMENT-Acl a new	$463,000	–	100,000	–	0.10%	–
SRG	New	SERITAGE GROWTH PROP- A REITcl a	$446,000	–	50,000	–	0.09%	–
KDNY	New	CHINOOK THERAPEUTICS INC	$441,830	–	11,500	–	0.09%	–
VMD	New	VIEMED HEALTHCARE INC	$426,805	–	43,578	–	0.09%	–
LAUR	New	LAUREATE EDUCATION INC-A	$423,150	–	35,000	–	0.09%	–
ET	New	ENERGY TRANSFER LP CMN	$381,000	–	30,000	–	0.08%	–
BBVA	New	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$384,000	–	50,000	–	0.08%	–
QQQ	New	QQQ @ 325 EXP 09/15/2023put	$372,000	–	3,000	–	0.08%	–
XPO	New	XPO INC CMN	$354,000	–	6,000	–	0.07%	–
AMP	New	AMERIPRISE FINANCIAL INC	$332,160	–	1,000	–	0.07%	–
ADS	New	BREAD FINANCIAL HOLDINGS INC	$329,595	–	10,500	–	0.07%	–
	New	BIOHAVEN LTD	$314,548	–	13,150	–	0.07%	–
OMF	New	ONEMAIN HOLDINGS INC	$305,830	–	7,000	–	0.06%	–
CPRI	New	CAPRI HOLDINGS LTD	$305,065	–	8,500	–	0.06%	–
VMW	New	VMWARE INC-CLASS A	$286,374	–	1,993	–	0.06%	–
ALLY	New	ALLY FINANCIAL INC	$270,100	–	10,000	–	0.06%	–
DELL	New	DELL TECHNOLOGIES -Ccl c	$244,848	–	4,525	–	0.05%	–
DK	New	DELEK US HOLDINGS INC CMN	$239,500	–	10,000	–	0.05%	–
VTI	New	VANGUARD INDEX FUNDS VANGUARD TOTAL STK MKT ETF ETFetf	$220,280	–	1,000	–	0.05%	–
ISEE	New	IVERIC BIO INC	$196,700	–	5,000	–	0.04%	–
TCS	New	CONTAINER STORE GROUP INC/TH	$191,580	–	60,000	–	0.04%	–
FYBR	New	FRONTIER COMMUNICATIONS PARE	$185,934	–	9,975	–	0.04%	–
MAYS	New	MAYS J.W. INC CMN	$174,475	–	3,988	–	0.04%	–
CNF	New	CNFINANCE HOLDINGS LIMITED SPONSORED ADR CMN	$176,065	–	60,255	–	0.04%	–
TECK	New	TECK RESOURCES LIMITED CMN CLASS B	$152,234	–	3,616	–	0.03%	–
LU	New	LUFAX HOLDING LTD-ADR	$143,000	–	100,000	–	0.03%	–
SWKH	New	SWK HOLDINGS CORP	$139,863	–	8,355	–	0.03%	–
	New	RXO, INC. CMN	$136,020	–	6,000	–	0.03%	–
BBW	New	BUILD-A-BEAR WORKSHOP, INC. CMN	$128,520	–	6,000	–	0.03%	–
TKC	New	TURKCELL ILETISIM HIZMET-ADRspon adr new	$82,110	–	23,000	–	0.02%	–
	New	PARDES BIOSCIENCES INC	$79,636	–	43,998	–	0.02%	–
KB	New	KB FINANCIAL GROUP INC-ADRsponsored adr	$72,800	–	2,000	–	0.02%	–
AMPY	New	AMPLIFY ENERGY CORP. CMN	$67,700	–	10,000	–	0.01%	–
EC	New	ECOPETROL SA-SPONSORED ADRsponsored ads	$61,500	–	6,000	–	0.01%	–
STCN	New	STEEL CONNECT INC	$58,878	–	7,026	–	0.01%	–
FOR	New	FORESTAR GROUP INC	$56,375	–	2,500	–	0.01%	–
	New	GREENLIGHT BIOSCIENCES HOLDI	$14,905	–	50,000	–	0.00%	–
	New	APEXIGEN INC	$3,924	–	9,130	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	BIOHAVEN LTD	$0	–	-10,000	–	-0.02%	–
STCN	Exit	STEEL CONNECT INC	$0	–	-65,585	–	-0.02%	–
CPRI	Exit	CAPRI HOLDINGS LTD	$0	–	-2,750	–	-0.03%	–
TKC	Exit	TURKCELL ILETISIM HIZMET-ADRspon adr new	$0	–	-40,000	–	-0.03%	–
TECK	Exit	TECK RESOURCES LIMITED CMN CLASS B	$0	–	-3,616	–	-0.03%	–
GSMG	Exit	GLORY STAR NEW MEDIA GROUP H	$0	–	-80,000	–	-0.03%	–
RSP	Exit	INVESCO S&P 500 EQUAL WEIGHT ETFetf	$0	–	-1,000	–	-0.03%	–
CNF	Exit	CNFINANCE HOLDINGS LIMITED SPONSORED ADR CMN	$0	–	-60,255	–	-0.04%	–
MAYS	Exit	MAYS J.W. INC CMN	$0	–	-3,988	–	-0.04%	–
DELL	Exit	DELL TECHNOLOGIES -Ccl c	$0	–	-4,525	–	-0.04%	–
SWKH	Exit	SWK HOLDINGS CORP	$0	–	-9,355	–	-0.04%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-1,400	–	-0.04%	–
ADS	Exit	BREAD FINANCIAL HOLDINGS INC	$0	–	-5,200	–	-0.04%	–
VTI	Exit	VANGUARD INDEX FUNDS VANGUARD TOTAL STK MKT ETF ETFetf	$0	–	-1,000	–	-0.04%	–
OIIM	Exit	O2MICRO INTERNATIONAL-ADRspons adr	$0	–	-44,000	–	-0.05%	–
TCS	Exit	CONTAINER STORE GROUP INC/TH	$0	–	-60,000	–	-0.05%	–
LU	Exit	LUFAX HOLDING LTD-ADR	$0	–	-80,000	–	-0.05%	–
OMF	Exit	ONEMAIN HOLDINGS INC	$0	–	-7,000	–	-0.05%	–
VMW	Exit	VMWARE INC-CLASS A	$0	–	-1,993	–	-0.05%	–
BBVA	Exit	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$0	–	-50,000	–	-0.06%	–
FYBR	Exit	FRONTIER COMMUNICATIONS PARE	$0	–	-9,975	–	-0.06%	–
ALLY	Exit	ALLY FINANCIAL INC	$0	–	-9,000	–	-0.06%	–
VMD	Exit	VIEMED HEALTHCARE INC	$0	–	-43,578	–	-0.07%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-1,050	–	-0.07%	–
BBBY	Exit	BED BATH & BEYOND INC. CMN	$0	–	-46,122	–	-0.07%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-11,500	–	-0.08%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-3,600	–	-0.08%	–
SRG	Exit	SERITAGE GROWTH PROP- A REITcl a	$0	–	-40,000	–	-0.09%	–
LAUR	Exit	LAUREATE EDUCATION INC-A	$0	–	-35,000	–	-0.09%	–
RFP	Exit	RESOLUTE FOREST PRODUCTS	$0	–	-20,000	–	-0.10%	–
SLM	Exit	SLM CORP	$0	–	-29,000	–	-0.10%	–
ALJJ	Exit	ALJ REGIONAL HOLDINGS INC	$0	–	-230,000	–	-0.11%	–
XPEL	Exit	XPEL INC	$0	–	-7,393	–	-0.12%	–
IMRA	Exit	IMARA INC	$0	–	-210,000	–	-0.12%	–
MU	Exit	MICRON TECHNOLOGY, INC. CMN	$0	–	-10,000	–	-0.13%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-5,000	–	-0.13%	–
TWTR	Exit	TWITTER INC	$0	–	-12,500	–	-0.14%	–
SONO	Exit	SONOS INC CMN	$0	–	-39,996	–	-0.14%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-17,000	–	-0.18%	–
PBR	Exit	PETROLEO BRASIL-SP PREF ADRsponsored adr	$0	–	-67,000	–	-0.19%	–
BIDU	Exit	BAIDU, INC. SPONSORED ADR CMN	$0	–	-9,000	–	-0.27%	–
	Exit	LEE ENTERPRISES, INCORPORATED CMN	$0	–	-60,000	–	-0.27%	–
GTXAP	Exit	GARRETT MOTION CONVERTIBLE SERIES A PREFERRED 1145 SHARESpfd conv ser a	$0	–	-161,051	–	-0.29%	–
STT	Exit	STATE STREET CORPORATION (NEW) CMN	$0	–	-20,000	–	-0.31%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC CMN	$0	–	-565,335	–	-0.32%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-14,009	–	-0.58%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-7,500	–	-0.68%	–
IAC	Exit	IAC INC CMN	$0	–	-49,900	–	-0.70%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP CMN	$0	–	-38,500	–	-0.90%	–
JOE	Exit	ST. JOE COMPANY CMN	$0	–	-111,000	–	-0.90%	–
HD	Exit	THE HOME DEPOT, INC. CMN	$0	–	-18,400	–	-1.28%	–
VVI	Exit	VIAD CORP CMN	$0	–	-201,240	–	-1.60%	–
JBGS	Exit	JBG SMITH PROPERTIES CMN REIT	$0	–	-399,219	–	-1.87%	–
CVE	Exit	CENOVUS ENERGY INC. CMN	$0	–	-485,736	–	-1.88%	–
LOW	Exit	LOWES COMPANIES INC CMN	$0	–	-40,000	–	-1.90%	–
SPXL	Exit	DIREXION DAILY S&P 500 BULL 3X SHARES ETFetf	$0	–	-171,000	–	-2.31%	–
VAL	Exit	VALARIS LIMITED CMN	$0	–	-205,611	–	-2.54%	–
CNQ	Exit	CANADIAN NATURAL RESOURCES CMN	$0	–	-244,649	–	-2.88%	–
BHF	Exit	BRIGHTHOUSE FINANCIAL, INC. CMN	$0	–	-284,415	–	-3.12%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-130,200	–	-3.16%	–
	Exit	SHELL PLC SPONSORED ADR CMN	$0	–	-285,000	–	-3.58%	–
GRBK	Exit	GREEN BRICK PARTNERS, INC. CMN	$0	–	-971,564	–	-5.25%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-272,000	–	-7.76%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-179,000	–	-10.53%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-509,121	–	-42.21%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORPORATION CMN	$41,689,000	-9.8%	179,000	-0.6%	10.53%	-8.1%
AMZN	Sell	AMAZON.COM INC CMN	$30,736,000	+5.6%	272,000	-0.7%	7.76%	+7.7%
GOOG	Buy	ALPHABET INC. CMN CLASS C	$12,519,000	-12.1%	130,200	+1900.0%	3.16%	-10.3%
SPXL	New	DIREXION DAILY S&P 500 BULL 3X SHARES ETFetf	$9,162,000	–	171,000	–	2.31%	–
CVE	Buy	CENOVUS ENERGY INC. CMN	$7,466,000	+39.1%	485,736	+72.0%	1.88%	+41.7%
JBGS	Buy	JBG SMITH PROPERTIES CMN REIT	$7,417,000	-12.7%	399,219	+11.1%	1.87%	-10.9%
VVI	Sell	VIAD CORP CMN	$6,355,000	+2.1%	201,240	-10.7%	1.60%	+4.2%
JOE	Sell	ST. JOE COMPANY CMN	$3,555,000	-25.8%	111,000	-8.3%	0.90%	-24.3%
COF	Buy	CAPITAL ONE FINANCIAL CORP CMN	$3,549,000	+68.2%	38,500	+90.1%	0.90%	+71.3%
IAC	Buy	IAC INC CMN	$2,763,000	+4.2%	49,900	+43.0%	0.70%	+6.2%
SPY	New	SPDR S&P 500 ETF TRUSTetf	$2,679,000	–	7,500	–	0.68%	–
DHIL	Buy	DIAMOND HILL INVESTMENT GROUP CMN	$2,311,000	+166.2%	14,009	+180.2%	0.58%	+171.6%
ARC	Buy	ARC DOCUMENT SOLUTIONS INC CMN	$1,278,000	-11.7%	565,335	+2.8%	0.32%	-9.8%
STT	New	STATE STREET CORPORATION (NEW) CMN	$1,216,000	–	20,000	–	0.31%	–
	Buy	LEE ENTERPRISES, INCORPORATED CMN	$1,056,000	+20.8%	60,000	+30.4%	0.27%	+23.6%
PBR	Buy	PETROLEO BRASIL-SP PREF ADRsponsored adr	$742,000	+9.1%	67,000	+4.7%	0.19%	+11.3%
AER	Buy	AERCAP HOLDINGS NV	$720,000	+8.3%	17,000	+4.6%	0.18%	+10.3%
IMRA	New	IMARA INC	$479,000	–	210,000	–	0.12%	–
ALJJ	Buy	ALJ REGIONAL HOLDINGS INC	$449,000	+22.3%	230,000	+21.1%	0.11%	+24.2%
RFP	New	RESOLUTE FOREST PRODUCTS	$400,000	–	20,000	–	0.10%	–
SRG	New	SERITAGE GROWTH PROP- A REITcl a	$361,000	–	40,000	–	0.09%	–
DFS	Buy	DISCOVER FINANCIAL SERVICES	$327,000	-1.2%	3,600	+2.9%	0.08%	+1.2%
SYF	New	SYNCHRONY FINANCIAL	$324,000	–	11,500	–	0.08%	–
BBBY	New	BED BATH & BEYOND INC. CMN	$281,000	–	46,122	–	0.07%	–
LU	Buy	LUFAX HOLDING LTD-ADR	$203,000	-47.9%	80,000	+23.1%	0.05%	-47.4%
TCS	Sell	CONTAINER STORE GROUP INC/TH	$192,000	-46.1%	60,000	-30.6%	0.05%	-45.5%
OIIM	New	O2MICRO INTERNATIONAL-ADRspons adr	$186,000	–	44,000	–	0.05%	–
VTI	New	VANGUARD INDEX FUNDS VANGUARD TOTAL STK MKT ETF ETFetf	$179,000	–	1,000	–	0.04%	–
ADS	Buy	BREAD FINANCIAL HOLDINGS INC	$164,000	+5.1%	5,200	+23.8%	0.04%	+5.1%
AMG	New	AFFILIATED MANAGERS GROUP	$157,000	–	1,400	–	0.04%	–
CNF	Buy	CNFINANCE HOLDINGS LIMITED SPONSORED ADR CMN	$152,000	+43.4%	60,255	+44.8%	0.04%	+46.2%
RSP	New	INVESCO S&P 500 EQUAL WEIGHT ETFetf	$127,000	–	1,000	–	0.03%	–
GSMG	New	GLORY STAR NEW MEDIA GROUP H	$118,000	–	80,000	–	0.03%	–
TKC	Sell	TURKCELL ILETISIM HIZMET-ADRspon adr new	$106,000	-6.2%	40,000	-11.1%	0.03%	-3.6%
CPRI	New	CAPRI HOLDINGS LTD	$106,000	–	2,750	–	0.03%	–
STCN	Buy	STEEL CONNECT INC	$90,000	+34.3%	65,585	+31.2%	0.02%	+35.3%
	New	BIOHAVEN LTD	$63,000	–	10,000	–	0.02%	–
	Exit	LAIX INC - ADRspon ads	$0	–	-7,050	–	-0.00%	–
HLG	Exit	HAILIANG EDUCATION GROUP-ADRsponsored adr	$0	–	-3,157	–	-0.01%	–
RBLX	Exit	ROBLOX CORPORATION CMN CLASS A	$0	–	-2,000	–	-0.02%	–
KB	Exit	KB FINANCIAL GROUP INC-ADRsponsored adr	$0	–	-2,000	–	-0.02%	–
BXC	Exit	BLUELINX HLDGS INC CMN	$0	–	-2,000	–	-0.03%	–
KDP	Exit	KEURIG DR PEPPER INC CMN	$0	–	-4,600	–	-0.04%	–
AJRD	Exit	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$0	–	-4,400	–	-0.04%	–
SAIL	Exit	SAILPOINT TECHNOLOGIES HOLDI	$0	–	-3,300	–	-0.05%	–
TTSH	Exit	TILE SHOP HLDGS INC CMN	$0	–	-67,513	–	-0.05%	–
BLCT	Exit	BLUECITY HOLDINGS LTD-ADRads	$0	–	-140,000	–	-0.05%	–
CTEK	Exit	CYNERGISTEK INC/DE	$0	–	-200,000	–	-0.06%	–
DBX	Exit	DROPBOX, INC. CMN CLASS A	$0	–	-11,600	–	-0.06%	–
OXM	Exit	OXFORD IND INC CMN	$0	–	-3,200	–	-0.07%	–
LYTS	Exit	LSI INDUSTRIES INC CMN	$0	–	-45,900	–	-0.07%	–
COHR	Exit	COHERENT INC	$0	–	-1,100	–	-0.07%	–
PSTH	Exit	PERSHING SQUARE TONTINE -A	$0	–	-15,000	–	-0.07%	–
ODP	Exit	ODP CORP/THE CMN	$0	–	-10,000	–	-0.08%	–
GMS	Exit	GMS INC. CMN	$0	–	-7,000	–	-0.08%	–
EPZM	Exit	EPIZYME INC	$0	–	-260,000	–	-0.10%	–
KBR	Exit	KBR, INC. CMN	$0	–	-8,100	–	-0.10%	–
	Exit	UNIFIED SERIES TRUST - NIGHTSHARES 500 ETF ETFetf	$0	–	-15,900	–	-0.12%	–
	Exit	SWEETGREEN, INC. CMN	$0	–	-71,000	–	-0.20%	–
	Exit	SPROTT URANIUM MINERS ETF ETFetf	$0	–	-20,000	–	-0.28%	–
BABA	Exit	ALIBABA GROUP HOLDINGS-SP ADR SPONSORED ADR CMN	$0	–	-11,500	–	-0.32%	–
OSTK	Exit	OVERSTOCK.COM INC DEL CMN	$0	–	-78,500	–	-0.49%	–
CCJ	Exit	CAMECO CORPORATION CMN	$0	–	-165,000	–	-0.86%	–

Q2 2022

			Value		Shares		↓ Weighting
VOO	New	VANGUARD S&P 500 ETFetf	$176,604,000	–	509,121	–	43.74%	–
MSFT	New	MICROSOFT CORPORATION CMN	$46,229,000	–	180,000	–	11.45%	–
AMZN	New	AMAZON.COM INC CMN	$29,102,000	–	274,000	–	7.21%	–
GRBK	New	GREEN BRICK PARTNERS, INC. CMN	$19,014,000	–	971,564	–	4.71%	–
	New	SHELL PLC SPONSORED ADR CMN	$14,903,000	–	285,000	–	3.69%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$14,240,000	–	6,510	–	3.53%	–
CNQ	New	CANADIAN NATURAL RESOURCES CMN	$13,133,000	–	244,649	–	3.25%	–
BHF	New	BRIGHTHOUSE FINANCIAL, INC. CMN	$11,667,000	–	284,415	–	2.89%	–
VAL	New	VALARIS LIMITED CMN	$8,685,000	–	205,611	–	2.15%	–
JBGS	New	JBG SMITH PROPERTIES CMN REIT	$8,492,000	–	359,219	–	2.10%	–
LOW	New	LOWES COMPANIES INC CMN	$6,987,000	–	40,000	–	1.73%	–
VVI	New	VIAD CORP CMN	$6,222,000	–	225,348	–	1.54%	–
CVE	New	CENOVUS ENERGY INC. CMN	$5,369,000	–	282,425	–	1.33%	–
HD	New	THE HOME DEPOT, INC. CMN	$5,047,000	–	18,400	–	1.25%	–
JOE	New	ST. JOE COMPANY CMN	$4,788,000	–	121,041	–	1.19%	–
CCJ	New	CAMECO CORPORATION CMN	$3,468,000	–	165,000	–	0.86%	–
IAC	New	IAC/INTERACTIVECORP. CMN	$2,651,000	–	34,900	–	0.66%	–
COF	New	CAPITAL ONE FINANCIAL CORP CMN	$2,110,000	–	20,249	–	0.52%	–
OSTK	New	OVERSTOCK.COM INC DEL CMN	$1,963,000	–	78,500	–	0.49%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC CMN	$1,447,000	–	550,000	–	0.36%	–
BIDU	New	BAIDU, INC. SPONSORED ADR CMN	$1,339,000	–	9,000	–	0.33%	–
GTXAP	New	GARRETT MOTION CONVERTIBLE SERIES A PREFERRED 1145 SHARESpfd conv ser a	$1,324,000	–	161,051	–	0.33%	–
BABA	New	ALIBABA GROUP HOLDINGS-SP ADR SPONSORED ADR CMN	$1,307,000	–	11,500	–	0.32%	–
	New	SPROTT URANIUM MINERS ETF ETFetf	$1,143,000	–	20,000	–	0.28%	–
	New	LEE ENTERPRISES, INCORPORATED CMN	$874,000	–	46,000	–	0.22%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$868,000	–	5,000	–	0.22%	–
	New	SWEETGREEN, INC. CMN	$827,000	–	71,000	–	0.20%	–
SONO	New	SONOS INC CMN	$722,000	–	39,996	–	0.18%	–
PBR	New	PETROLEO BRASIL-SP PREF ADRsponsored adr	$680,000	–	64,000	–	0.17%	–
AER	New	AERCAP HOLDINGS NV	$665,000	–	16,250	–	0.16%	–
JPM	New	JPMORGAN CHASE & CO CMN	$563,000	–	5,000	–	0.14%	–
MU	New	MICRON TECHNOLOGY, INC. CMN	$553,000	–	10,000	–	0.14%	–
	New	UNIFIED SERIES TRUST - NIGHTSHARES 500 ETF ETFetf	$498,000	–	15,900	–	0.12%	–
TWTR	New	TWITTER INC	$467,000	–	12,500	–	0.12%	–
SLM	New	SLM CORP	$462,000	–	29,000	–	0.11%	–
LAUR	New	LAUREATE EDUCATION INC-A	$405,000	–	35,000	–	0.10%	–
LU	New	LUFAX HOLDING LTD-ADR	$390,000	–	65,000	–	0.10%	–
KBR	New	KBR, INC. CMN	$392,000	–	8,100	–	0.10%	–
EPZM	New	EPIZYME INC	$382,000	–	260,000	–	0.10%	–
ALJJ	New	ALJ REGIONAL HOLDINGS INC	$367,000	–	190,000	–	0.09%	–
TCS	New	CONTAINER STORE GROUP, INC. (THE) CMN	$356,000	–	86,400	–	0.09%	–
XPEL	New	XPEL INC	$340,000	–	7,393	–	0.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$331,000	–	3,500	–	0.08%	–
GMS	New	GMS INC. CMN	$312,000	–	7,000	–	0.08%	–
ODP	New	ODP CORP/THE CMN	$302,000	–	10,000	–	0.08%	–
ALLY	New	ALLY FINANCIAL INC	$302,000	–	9,000	–	0.08%	–
PSTH	New	PERSHING SQUARE TONTINE -A	$300,000	–	15,000	–	0.07%	–
COHR	New	COHERENT INC	$293,000	–	1,100	–	0.07%	–
LYTS	New	LSI INDUSTRIES INC CMN	$283,000	–	45,900	–	0.07%	–
OXM	New	OXFORD IND INC CMN	$284,000	–	3,200	–	0.07%	–
OMF	New	ONEMAIN HOLDINGS INC	$262,000	–	7,000	–	0.06%	–
AMP	New	AMERIPRISE FINANCIAL INC	$250,000	–	1,050	–	0.06%	–
DBX	New	DROPBOX, INC. CMN CLASS A	$243,000	–	11,600	–	0.06%	–
CTEK	New	CYNERGISTEK INC/DE	$240,000	–	200,000	–	0.06%	–
FYBR	New	FRONTIER COMMUNICATIONS PARE	$235,000	–	9,975	–	0.06%	–
VMD	New	VIEMED HEALTHCARE INC	$236,000	–	43,578	–	0.06%	–
VMW	New	VMWARE INC-CLASS A	$227,000	–	1,993	–	0.06%	–
BBVA	New	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$226,000	–	50,000	–	0.06%	–
DELL	New	DELL TECHNOLOGIES -Ccl c	$209,000	–	4,525	–	0.05%	–
SAIL	New	SAILPOINT TECHNOLOGIES HOLDI	$207,000	–	3,300	–	0.05%	–
BLCT	New	BLUECITY HOLDINGS LTD-ADRads	$207,000	–	140,000	–	0.05%	–
TTSH	New	TILE SHOP HLDGS INC CMN	$207,000	–	67,513	–	0.05%	–
AJRD	New	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$179,000	–	4,400	–	0.04%	–
MAYS	New	MAYS J.W. INC CMN	$166,000	–	3,988	–	0.04%	–
KDP	New	KEURIG DR PEPPER INC CMN	$163,000	–	4,600	–	0.04%	–
SWKH	New	SWK HOLDINGS CORP	$163,000	–	9,355	–	0.04%	–
ADS	New	BREAD FINANCIAL HOLDINGS INC	$156,000	–	4,200	–	0.04%	–
BXC	New	BLUELINX HLDGS INC CMN	$134,000	–	2,000	–	0.03%	–
TKC	New	TURKCELL ILETISIM HIZMET-ADRspon adr new	$113,000	–	45,000	–	0.03%	–
TECK	New	TECK RESOURCES LIMITED CMN CLASS B	$111,000	–	3,616	–	0.03%	–
CNF	New	CNFINANCE HOLDINGS LIMITED SPONSORED ADR CMN	$106,000	–	41,620	–	0.03%	–
KB	New	KB FINANCIAL GROUP INC-ADRsponsored adr	$74,000	–	2,000	–	0.02%	–
STCN	New	STEEL CONNECT INC	$67,000	–	50,000	–	0.02%	–
RBLX	New	ROBLOX CORPORATION CMN CLASS A	$66,000	–	2,000	–	0.02%	–
HLG	New	HAILIANG EDUCATION GROUP-ADRsponsored adr	$41,000	–	3,157	–	0.01%	–
	New	LAIX INC - ADRspon ads	$10,000	–	7,050	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CGA	Exit	CHINA GREEN AGRICULTURE INC	$0	–	-207	–	0.00%	–
WAB	Exit	WABTEC	$0	–	0	–	0.00%	–
	Exit	SINO-GLOBAL SHIPPING AMER LT	$0	–	-1,770	–	-0.00%	–
TALKW	Exit	TALKSPACE INC 11.5000EXP06/21/2025wts	$0	–	-6,000	–	-0.00%	–
AEHL	Exit	ANTELOPE ENTERPRISE HLDGS LT	$0	–	-1,111	–	-0.00%	–
CREG	Exit	CHINA RECYCLING ENERGY CORP	$0	–	-666	–	-0.00%	–
TGA	Exit	TRANSGLOBE ENERGY CORP	$0	–	-7,500	–	-0.00%	–
CIDM	Exit	CINEDIGM CORP	$0	–	-5,900	–	-0.00%	–
XPL	Exit	SOLITARIO ZINC CORP	$0	–	-35,700	–	-0.00%	–
GIGM	Exit	GIGAMEDIA LTD	$0	–	-7,272	–	-0.00%	–
APWC	Exit	ASIA PACIFIC WIRE & CABLE CO	$0	–	-8,100	–	-0.01%	–
RBCN	Exit	RUBICON TECHNOLOGY INC	$0	–	-2,866	–	-0.01%	–
TGB	Exit	TASEKO MINES LTD	$0	–	-16,000	–	-0.01%	–
NGE	Exit	GLOBAL X FDS	$0	–	-2,600	–	-0.01%	–
RSXJ	Exit	VANECK ETF TRUSTetf	$0	–	-680	–	-0.01%	–
EGO	Exit	ELDORADO GOLD CORP NEW	$0	–	-4,098	–	-0.01%	–
C	Exit	CITIGROUP INC	$0	–	-500	–	-0.01%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-100	–	-0.01%	–
NXE	Exit	NEXGEN ENERGY LTD	$0	–	-10,000	–	-0.01%	–
BIDU	Exit	BAIDU INC	$0	–	-300	–	-0.01%	–
RSX	Exit	VANECK ETF TRUSTetf	$0	–	-1,700	–	-0.01%	–
BPOP	Exit	POPULAR INC	$0	–	-750	–	-0.01%	–
BV	Exit	BRIGHTVIEW HOLDINGS, INC. CMN	$0	–	-4,000	–	-0.01%	–
APVO	Exit	APTEVO THERAPEUTICS INC	$0	–	-3,907	–	-0.01%	–
FARM	Exit	FARMERS BROTHERS CO CMN	$0	–	-7,000	–	-0.01%	–
TUR	Exit	ISHARES INC	$0	–	-2,800	–	-0.01%	–
VPG	Exit	VISHAY PRECISION GROUP INC CMN	$0	–	-2,000	–	-0.02%	–
UBS	Exit	UBS GROUP AG	$0	–	-4,500	–	-0.02%	–
OSPN	Exit	ONESPAN, INC. CMN	$0	–	-4,000	–	-0.02%	–
IMXI	Exit	INTERNATIONAL MONEY EXPRESS, INC. CMN	$0	–	-4,550	–	-0.02%	–
AIV	Exit	APARTMENT INVESTMENT AND MANAGEMENT COMPANY CMN	$0	–	-14,000	–	-0.02%	–
WCC	Exit	WESCO INTL INC	$0	–	-900	–	-0.02%	–
LMT	Exit	LOCKHEED MARTIN CORPORATION CMN	$0	–	-300	–	-0.02%	–
PKE	Exit	PARK AEROSPACE CORP. CMN	$0	–	-8,000	–	-0.02%	–
EMKR	Exit	EMCORE CORPORATION CMN	$0	–	-14,500	–	-0.02%	–
TUFN	Exit	TUFIN SOFTWARE TECHNOLOGIES LIMITED CMN	$0	–	-11,000	–	-0.02%	–
MAXR	Exit	MAXAR TECHNOLOGIES INC CMN	$0	–	-4,000	–	-0.02%	–
BHF	Exit	BRIGHTHOUSE FINL INC	$0	–	-2,900	–	-0.03%	–
PFSW	Exit	PFSWEB INC CMN	$0	–	-10,000	–	-0.03%	–
STRL	Exit	STERLING CONSTRUCTION CO INC CMN	$0	–	-6,000	–	-0.03%	–
NFH	Exit	NEW FRONTIER HEALTH CORP	$0	–	-13,000	–	-0.03%	–
MAYS	Exit	MAYS J.W. INC CMN	$0	–	-3,988	–	-0.03%	–
AJRD	Exit	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$0	–	-3,400	–	-0.03%	–
RSP	Exit	INVESCO S&P 500 EQUAL WEIGHT ETFetf	$0	–	-1,000	–	-0.03%	–
LEGH	Exit	LEGACY HOUSING CORPORATION CMN	$0	–	-8,500	–	-0.03%	–
GMS	Exit	GMS INC. CMN	$0	–	-3,500	–	-0.03%	–
KB	Exit	KB FINL GROUP INC	$0	–	-3,500	–	-0.04%	–
SWKH	Exit	SWK HLDGS CORP	$0	–	-9,355	–	-0.04%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-3,500	–	-0.04%	–
TKC	Exit	TURKCELL ILETISIM HIZMETLERI	$0	–	-40,000	–	-0.04%	–
AOUT	Exit	AMERICAN OUTDOOR BRANDS INC CMN	$0	–	-7,500	–	-0.04%	–
GNW	Exit	GENWORTH FINL INC	$0	–	-57,500	–	-0.05%	–
NVR	Exit	N V R INC CMN	$0	–	-45	–	-0.05%	–
VTI	Exit	VANGUARD INDEX FUNDS VANGUARD TOTAL STK MKT ETFetf	$0	–	-1,000	–	-0.05%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-2,400	–	-0.05%	–
VMD	Exit	VIEMED HEALTHCARE INC	$0	–	-43,578	–	-0.05%	–
GPRE	Exit	GREEN PLAINS INC CMN	$0	–	-7,900	–	-0.06%	–
CARR	Exit	CARRIER GLOBAL CORPORATION CMN	$0	–	-4,900	–	-0.06%	–
AMG	Exit	AFFILIATED MANAGERS GROUP IN	$0	–	-1,750	–	-0.06%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTA	$0	–	-41,000	–	-0.06%	–
COHR	Exit	COHERENT INC	$0	–	-1,100	–	-0.06%	–
FYBR	Exit	FRONTIER COMMUNICATIONS PARE	$0	–	-9,975	–	-0.06%	–
PSTH	Exit	PERSHING SQUARE TONTINE HLDG	$0	–	-15,000	–	-0.06%	–
JCS	Exit	COMMUNICATIONS SYS INC	$0	–	-35,000	–	-0.06%	–
MRLN	Exit	MARLIN BUSINESS SVCS CORP	$0	–	-13,600	–	-0.06%	–
OMF	Exit	ONEMAIN HLDGS INC	$0	–	-5,750	–	-0.07%	–
LYTS	Exit	LSI INDUSTRIES INC CMN	$0	–	-42,900	–	-0.07%	–
IDN	Exit	INTELLICHECK INC	$0	–	-42,000	–	-0.07%	–
KBR	Exit	KBR, INC. CMN	$0	–	-9,100	–	-0.08%	–
ALLY	Exit	ALLY FINL INC	$0	–	-7,500	–	-0.08%	–
SLM	Exit	SLM CORP	$0	–	-23,000	–	-0.09%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-1,700	–	-0.10%	–
DELL	Exit	DELL TECHNOLOGIES INC	$0	–	-4,525	–	-0.10%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,200	–	-0.11%	–
CDOR	Exit	CONDOR HOSPITALITY TR INC	$0	–	-77,353	–	-0.12%	–
XPEL	Exit	XPEL INC	$0	–	-7,393	–	-0.12%	–
LAUR	Exit	LAUREATE EDUCATION INC	$0	–	-35,000	–	-0.13%	–
TTSH	Exit	TILE SHOP HLDGS INC CMN	$0	–	-84,712	–	-0.14%	–
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-182,260	–	-0.16%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-14,000	–	-0.17%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-5,000	–	-0.19%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC CMN	$0	–	-550,000	–	-0.35%	–
VVI	Exit	VIAD CORP CMN	$0	–	-39,622	–	-0.39%	–
CC	Exit	CHEMOURS COMPANY (THE) CMN	$0	–	-70,000	–	-0.44%	–
GRBK	Exit	GREEN BRICK PARTNERS, INC. CMN	$0	–	-100,000	–	-0.44%	–
GPK	Exit	GRAPHIC PACKAGING HLDGCO CMN	$0	–	-120,000	–	-0.49%	–
TECK	Exit	TECK RESOURCES LIMITED CMN CLASS B	$0	–	-100,000	–	-0.54%	–
TCS	Exit	CONTAINER STORE GROUP, INC. (THE) CMN	$0	–	-48,500	–	-0.58%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS CMN	$0	–	-40,000	–	-0.70%	–
JBGS	Exit	JBG SMITH PROPERTIES CMN REIT	$0	–	-111,486	–	-0.71%	–
FB	Exit	FACEBOOK, INC. CMN CLASS A	$0	–	-15,000	–	-1.09%	–
T	Exit	AT&T INC. CMN	$0	–	-300,000	–	-1.74%	–
LOW	Exit	LOWES COMPANIES INC CMN	$0	–	-40,000	–	-1.74%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-50,000	–	-1.76%	–
VXX	Exit	BARCLAYS BANK PLC - IPATH SERIES B S&P 500 VIX S-T FUT ETN ETFetf	$0	–	-300,000	–	-1.79%	–
XBI	Exit	SPDR S&P BIOTECH ETF ETFetf	$0	–	-68,875	–	-1.86%	–
NOBL	Exit	PROSHARES S&P 500 DIV ARISTOCRATS ETFetf	$0	–	-100,000	–	-1.90%	–
GM	Exit	GENERAL MOTORS COMPANY CMN	$0	–	-250,000	–	-2.83%	–
HD	Exit	THE HOME DEPOT, INC. CMN	$0	–	-46,700	–	-3.29%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$0	–	-100,000	–	-3.30%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-6,510	–	-3.72%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-13,700	–	-9.66%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-200,000	–	-12.11%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-533,181	–	-45.15%	–

Q3 2021

			Value		Shares		↓ Weighting
XBI	New	SPDR S&P BIOTECH ETF ETFetf	$8,658,000	–	68,875	–	1.86%	–
VXX	New	BARCLAYS BANK PLC - IPATH SERIES B S&P 500 VIX S-T FUT ETN ETFetf	$8,349,000	–	300,000	–	1.79%	–
T	New	AT&T INC. CMN	$8,103,000	–	300,000	–	1.74%	–
JBGS	New	JBG SMITH PROPERTIES CMN REIT	$3,301,000	–	111,486	–	0.71%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS CMN	$3,267,000	–	40,000	–	0.70%	–
TCS	Sell	CONTAINER STORE GROUP, INC. (THE) CMN	$2,684,000	-16.0%	48,500	-4.9%	0.58%	-22.2%
TECK	New	TECK RESOURCES LIMITED CMN CLASS B	$2,491,000	–	100,000	–	0.54%	–
GPK	New	GRAPHIC PACKAGING HLDGCO CMN	$2,285,000	–	120,000	–	0.49%	–
GRBK	New	GREEN BRICK PARTNERS, INC. CMN	$2,052,000	–	100,000	–	0.44%	–
CC	New	CHEMOURS COMPANY (THE) CMN	$2,034,000	–	70,000	–	0.44%	–
AER	Sell	AERCAP HOLDINGS NV	$809,000	+5.3%	14,000	-6.7%	0.17%	-2.2%
LAUR	New	LAUREATE EDUCATION INC	$595,000	–	35,000	–	0.13%	–
CDOR	New	CONDOR HOSPITALITY TR INC	$539,000	–	77,353	–	0.12%	–
COF	Sell	CAPITAL ONE FINL CORP	$518,000	-4.3%	3,200	-8.6%	0.11%	-11.2%
SLM	Sell	SLM CORP	$405,000	-19.5%	23,000	-4.2%	0.09%	-25.0%
JCS	Sell	COMMUNICATIONS SYS INC	$303,000	-23.3%	35,000	-36.4%	0.06%	-28.6%
MRLN	Buy	MARLIN BUSINESS SVCS CORP	$302,000	+10.6%	13,600	+13.3%	0.06%	+3.2%
PSTH	New	PERSHING SQUARE TONTINE HLDG	$296,000	–	15,000	–	0.06%	–
BBVA	Sell	BANCO BILBAO VIZCAYA ARGENTA	$270,000	-17.2%	41,000	-21.9%	0.06%	-22.7%
AMG	Sell	AFFILIATED MANAGERS GROUP IN	$264,000	-9.9%	1,750	-7.9%	0.06%	-16.2%
AOUT	Sell	AMERICAN OUTDOOR BRANDS INC CMN	$184,000	-44.9%	7,500	-21.1%	0.04%	-48.1%
TKC	Sell	TURKCELL ILETISIM HIZMETLERI	$174,000	-17.1%	40,000	-11.1%	0.04%	-24.5%
CPRI	Sell	CAPRI HOLDINGS LIMITED	$169,000	-40.9%	3,500	-30.0%	0.04%	-45.5%
AJRD	New	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$148,000	–	3,400	–	0.03%	–
NFH	New	NEW FRONTIER HEALTH CORP	$146,000	–	13,000	–	0.03%	–
PFSW	New	PFSWEB INC CMN	$129,000	–	10,000	–	0.03%	–
MAXR	Buy	MAXAR TECHNOLOGIES INC CMN	$113,000	-19.3%	4,000	+14.3%	0.02%	-25.0%
EMKR	Buy	EMCORE CORPORATION CMN	$108,000	+45.9%	14,500	+81.2%	0.02%	+35.3%
TUFN	New	TUFIN SOFTWARE TECHNOLOGIES LIMITED CMN	$108,000	–	11,000	–	0.02%	–
LMT	Sell	LOCKHEED MARTIN CORPORATION CMN	$104,000	-31.1%	300	-25.0%	0.02%	-37.1%
WCC	Sell	WESCO INTL INC	$104,000	+1.0%	900	-10.0%	0.02%	-8.3%
AIV	Buy	APARTMENT INVESTMENT AND MANAGEMENT COMPANY CMN	$96,000	+43.3%	14,000	+40.0%	0.02%	+31.2%
UBS	Sell	UBS GROUP AG	$72,000	-6.5%	4,500	-10.0%	0.02%	-16.7%
BIDU	New	BAIDU INC	$46,000	–	300	–	0.01%	–
WAB	New	WABTEC	$0	–	0	–	0.00%	–
GLDD	Exit	GREAT LAKES DREDGE & DOCK CORP CMN	$0	–	-4,000	–	-0.01%	–
CHMA	Exit	CHIASMA INC	$0	–	-12,626	–	-0.01%	–
COMM	Exit	COMMSCOPE HOLDING COMPANY INC. CMN	$0	–	-3,500	–	-0.02%	–
BLBD	Exit	BLUE BIRD CORP CMN	$0	–	-3,000	–	-0.02%	–
	Exit	TARENA INTL INCsponsored ads	$0	–	-40,000	–	-0.03%	–
OSN	Exit	OSSEN INNOVATION CO LTDsponsored adr ne	$0	–	-30,000	–	-0.03%	–
CXDC	Exit	CHINA XD PLASTICS CO LTD	$0	–	-287,111	–	-0.04%	–
CCRC	Exit	CHINA CUST RELATIONS CNTR IN	$0	–	-30,000	–	-0.04%	–
HOME	Exit	AT HOME GROUP INC. CMN	$0	–	-12,000	–	-0.10%	–
AAPL	Exit	APPLE INC. CMN	$0	–	-52,900	–	-1.68%	–

Q2 2021

			Value		Shares		↓ Weighting
VOO	New	VANGUARD S&P 500 ETF	$209,817,000	–	533,181	–	48.57%	–
MSFT	New	MICROSOFT CORPORATION CMN	$54,180,000	–	200,000	–	12.54%	–
AMZN	New	AMAZON.COM INC CMN	$47,130,000	–	13,700	–	10.91%	–
GOOG	New	ALPHABET INC. CMN CLASS Ccap stk cl c	$16,316,000	–	6,510	–	3.78%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSdiv app etf	$15,479,000	–	100,000	–	3.58%	–
HD	New	THE HOME DEPOT, INC. CMN	$14,892,000	–	46,700	–	3.45%	–
GM	New	GENERAL MOTORS COMPANY CMN	$14,793,000	–	250,000	–	3.42%	–
NOBL	New	PROSHARES S&P 500 DIV ARISTOCRATS ETFs&p 500 dv arist	$9,063,000	–	100,000	–	2.10%	–
JPM	New	JPMORGAN CHASE & CO CMN	$7,777,000	–	50,000	–	1.80%	–
LOW	New	LOWES COMPANIES INC CMN	$7,759,000	–	40,000	–	1.80%	–
AAPL	New	APPLE INC. CMN	$7,245,000	–	52,900	–	1.68%	–
FB	New	FACEBOOK, INC. CMN CLASS Acl a	$5,216,000	–	15,000	–	1.21%	–
TCS	New	CONTAINER STORE GROUP, INC. (THE) CMN	$3,197,000	–	51,000	–	0.74%	–
VVI	New	VIAD CORP CMN	$1,975,000	–	39,622	–	0.46%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC CMN	$1,183,000	–	550,000	–	0.27%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$837,000	–	5,000	–	0.19%	–
AER	New	AERCAP HOLDINGS NV	$768,000	–	15,000	–	0.18%	–
LUB	New	LUBYS INC CMN STOCK CMN	$699,000	–	182,260	–	0.16%	–
TTSH	New	TILE SHOP HLDGS INC CMN	$682,000	–	84,712	–	0.16%	–
XPEL	New	XPEL INC	$620,000	–	7,393	–	0.14%	–
COF	New	CAPITAL ONE FINL CORP	$541,000	–	3,500	–	0.12%	–
SLM	New	SLM CORP	$503,000	–	24,000	–	0.12%	–
DELL	New	DELL TECHNOLOGIES INCcl c	$451,000	–	4,525	–	0.10%	–
HOME	New	AT HOME GROUP INC. CMN	$442,000	–	12,000	–	0.10%	–
AMP	New	AMERIPRISE FINL INC	$423,000	–	1,700	–	0.10%	–
JCS	New	COMMUNICATIONS SYS INC	$395,000	–	55,000	–	0.09%	–
ALLY	New	ALLY FINL INC	$374,000	–	7,500	–	0.09%	–
IDN	New	INTELLICHECK INC	$352,000	–	42,000	–	0.08%	–
OMF	New	ONEMAIN HLDGS INC	$344,000	–	5,750	–	0.08%	–
KBR	New	KBR, INC. CMN	$347,000	–	9,100	–	0.08%	–
LYTS	New	LSI INDUSTRIES INC CMN	$344,000	–	42,900	–	0.08%	–
AOUT	New	AMERICAN OUTDOOR BRANDS INC CMN	$334,000	–	9,500	–	0.08%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$326,000	–	52,500	–	0.08%	–
VMD	New	VIEMED HEALTHCARE INC	$312,000	–	43,578	–	0.07%	–
AMG	New	AFFILIATED MANAGERS GROUP IN	$293,000	–	1,900	–	0.07%	–
COHR	New	COHERENT INC	$291,000	–	1,100	–	0.07%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$286,000	–	5,000	–	0.07%	–
MRLN	New	MARLIN BUSINESS SVCS CORP	$273,000	–	12,000	–	0.06%	–
GPRE	New	GREEN PLAINS INC CMN	$266,000	–	7,900	–	0.06%	–
FYBR	New	FRONTIER COMMUNICATIONS PARE	$263,000	–	9,975	–	0.06%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$250,000	–	2,400	–	0.06%	–
CARR	New	CARRIER GLOBAL CORPORATION CMN	$238,000	–	4,900	–	0.06%	–
VTI	New	VANGUARD INDEX FUNDS VANGUARD TOTAL STK MKT ETFtotal stk mkt	$223,000	–	1,000	–	0.05%	–
NVR	New	N V R INC CMN	$224,000	–	45	–	0.05%	–
GNW	New	GENWORTH FINL INC	$224,000	–	57,500	–	0.05%	–
TKC	New	TURKCELL ILETISIM HIZMETLERIspon adr new	$210,000	–	45,000	–	0.05%	–
CCRC	New	CHINA CUST RELATIONS CNTR IN	$195,000	–	30,000	–	0.04%	–
KB	New	KB FINL GROUP INCsponsored adr	$173,000	–	3,500	–	0.04%	–
GMS	New	GMS INC. CMN	$168,000	–	3,500	–	0.04%	–
CXDC	New	CHINA XD PLASTICS CO LTD	$169,000	–	287,111	–	0.04%	–
SWKH	New	SWK HLDGS CORP	$164,000	–	9,355	–	0.04%	–
RSP	New	INVESCO S&P 500 EQUAL WEIGHT ETFs&p500 eql wgt	$151,000	–	1,000	–	0.04%	–
LMT	New	LOCKHEED MARTIN CORPORATION CMN	$151,000	–	400	–	0.04%	–
STRL	New	STERLING CONSTRUCTION CO INC CMN	$145,000	–	6,000	–	0.03%	–
LEGH	New	LEGACY HOUSING CORPORATION CMN	$144,000	–	8,500	–	0.03%	–
OSN	New	OSSEN INNOVATION CO LTDsponsored adr ne	$137,000	–	30,000	–	0.03%	–
MAXR	New	MAXAR TECHNOLOGIES INC CMN	$140,000	–	3,500	–	0.03%	–
BHF	New	BRIGHTHOUSE FINL INC	$132,000	–	2,900	–	0.03%	–
PKE	New	PARK AEROSPACE CORP. CMN	$119,000	–	8,000	–	0.03%	–
	New	TARENA INTL INCsponsored ads	$112,000	–	40,000	–	0.03%	–
MAYS	New	MAYS J.W. INC CMN	$108,000	–	3,988	–	0.02%	–
OSPN	New	ONESPAN, INC. CMN	$102,000	–	4,000	–	0.02%	–
WCC	New	WESCO INTL INC	$103,000	–	1,000	–	0.02%	–
FARM	New	FARMERS BROTHERS CO CMN	$89,000	–	7,000	–	0.02%	–
APVO	New	APTEVO THERAPEUTICS INC	$88,000	–	3,907	–	0.02%	–
UBS	New	UBS GROUP AG	$77,000	–	5,000	–	0.02%	–
BLBD	New	BLUE BIRD CORP CMN	$75,000	–	3,000	–	0.02%	–
EMKR	New	EMCORE CORPORATION CMN	$74,000	–	8,000	–	0.02%	–
COMM	New	COMMSCOPE HOLDING COMPANY INC. CMN	$75,000	–	3,500	–	0.02%	–
IMXI	New	INTERNATIONAL MNY EXPRESS INC CMN	$68,000	–	4,550	–	0.02%	–
VPG	New	VISHAY PRECISION GROUP INC CMN	$68,000	–	2,000	–	0.02%	–
AIV	New	APARTMENT INVESTMENT AND MANAGEMENT COMPANY CMNcl a	$67,000	–	10,000	–	0.02%	–
BV	New	BRIGHTVIEW HOLDINGS, INC. CMN	$64,000	–	4,000	–	0.02%	–
TUR	New	ISHARES INCmsci turkey etf	$59,000	–	2,800	–	0.01%	–
CHMA	New	CHIASMA INC	$60,000	–	12,626	–	0.01%	–
GLDD	New	GREAT LAKES DREDGE & DOCK CORP CMN	$58,000	–	4,000	–	0.01%	–
BPOP	New	POPULAR INC	$56,000	–	750	–	0.01%	–
RSX	New	VANECK VECTORS ETF TRrussia etf	$49,000	–	1,700	–	0.01%	–
SPY	New	SPDR S&P 500 ETF TRUSTtr unit	$43,000	–	100	–	0.01%	–
NXE	New	NEXGEN ENERGY LTD	$41,000	–	10,000	–	0.01%	–
EGO	New	ELDORADO GOLD CORP NEW	$41,000	–	4,098	–	0.01%	–
TGB	New	TASEKO MINES LTD	$34,000	–	16,000	–	0.01%	–
C	New	CITIGROUP INC	$35,000	–	500	–	0.01%	–
NGE	New	GLOBAL X FDSgbl x msci niger	$33,000	–	2,600	–	0.01%	–
APWC	New	ASIA PACIFIC WIRE & CABLE COord	$32,000	–	8,100	–	0.01%	–
XPL	New	SOLITARIO ZINC CORP	$24,000	–	35,700	–	0.01%	–
RSXJ	New	VANECK VECTORS ETF TRrussia small cap	$25,000	–	680	–	0.01%	–
RBCN	New	RUBICON TECHNOLOGY INC	$27,000	–	2,866	–	0.01%	–
GIGM	New	GIGAMEDIA LTD	$22,000	–	7,272	–	0.01%	–
TGA	New	TRANSGLOBE ENERGY CORP	$14,000	–	7,500	–	0.00%	–
CIDM	New	CINEDIGM CORP	$8,000	–	5,900	–	0.00%	–
TALKW	New	TALKSPACE INC 11.5000EXP06/21/2025*w exp 06/21/202	$8,000	–	6,000	–	0.00%	–
CREG	New	CHINA RECYCLING ENERGY CORP	$6,000	–	666	–	0.00%	–
AEHL	New	ANTELOPE ENTERPRISE HLDGS LT	$3,000	–	1,111	–	0.00%	–
	New	SINO-GLOBAL SHIPPING AMER LT	$6,000	–	1,770	–	0.00%	–
CGA	New	CHINA GREEN AGRICULTURE INC	$2,000	–	207	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
CVS	Exit	CVS HEALTH CORP	$0	–	-55	–	0.00%	–
SINO	Exit	SINO-GLOBAL SHIPPING AMERICA	$0	–	-1,770	–	0.00%	–
TACO	Exit	DEL TACO RESTAURANTS, INC. CMN	$0	–	-100	–	0.00%	–
PGEN	Exit	PRECIGEN INC CMN	$0	–	-350	–	0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	0.00%	–
OCGN	Exit	OCUGEN INC CMN	$0	–	-16	–	0.00%	–
DXYN	Exit	DIXIE GROUP, INC. (THE) CMN CLASS A	$0	–	-1,000	–	0.00%	–
CCCL	Exit	CHINA CERAMICS CO LTD	$0	–	-1,111	–	0.00%	–
OASPQ	Exit	OASIS PETROLEUM INC CMN	$0	–	-1,000	–	0.00%	–
CGA	Exit	CHINA GREEN AGRICULTURE INC	$0	–	-207	–	0.00%	–
TGA	Exit	TRANSGLOBE ENERGY CORP	$0	–	-7,500	–	0.00%	–
BIP	Exit	CAPSTAR SPECIAL PURPOSE ACQUlp int unit	$0	–	-2	–	0.00%	–
WSTL	Exit	WESTELL TECHNOLOGIES INC-Acl a new	$0	–	-999	–	0.00%	–
CIDM	Exit	CINEDIGM CORP - A	$0	–	-5,849	–	0.00%	–
PCG	Exit	P G & E CORPORATION CMN	$0	–	-100	–	0.00%	–
MTDR	Exit	MATADOR RES CO CMN	$0	–	-1,000	–	-0.00%	–
VVR	Exit	INVESCO SENIOR INCOME TRUST MUTUAL FUND	$0	–	-1,635	–	-0.00%	–
LPI	Exit	LAREDO PETROLEUM, INC. CMN	$0	–	-500	–	-0.00%	–
MTNB	Exit	MATINAS BIOPHARMA HOLDINGS I	$0	–	-6,765	–	-0.00%	–
RFP	Exit	RESOLUTE FOREST PRODUCTS INC CMN	$0	–	-1,000	–	-0.00%	–
LFACW	Exit	WTS/LF CAPITAL ACQUISITION CORP EXP12/31/2023call	$0	–	-5,000	–	-0.00%	–
HQI	Exit	HIREQUEST INC CMN	$0	–	-1,666	–	-0.00%	–
XPL	Exit	SOLITARIO ZINC CORP	$0	–	-35,700	–	-0.00%	–
APWC	Exit	ASIA PACIFIC WIRE & CABLEord	$0	–	-8,100	–	-0.00%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$0	–	-1,200	–	-0.00%	–
KSPN	Exit	KASPIEN HOLDINGS INC	$0	–	-1,290	–	-0.00%	–
IVZ	Exit	INVESCO LTD	$0	–	-1,000	–	-0.00%	–
CAF	Exit	MORGAN STANLEY CHINA A SHARE FUND, INC.	$0	–	-1,000	–	-0.00%	–
KRNY	Exit	KEARNY FINANCIAL CORP. CMN	$0	–	-2,705	–	-0.00%	–
WOW	Exit	WIDEOPENWEST, INC. CMN	$0	–	-3,700	–	-0.00%	–
NXE	Exit	NEXGEN ENERGY LTD	$0	–	-10,000	–	-0.00%	–
BPOP	Exit	POPULAR INC	$0	–	-500	–	-0.00%	–
GIGM	Exit	GIGAMEDIA LTD	$0	–	-7,272	–	-0.00%	–
TGB	Exit	TASEKO MINES LTD	$0	–	-16,000	–	-0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-3,500	–	-0.00%	–
RSXJ	Exit	VANECK RUSSIA SMALL-CAPrussia small cap	$0	–	-680	–	-0.00%	–
C	Exit	CITIGROUP INC	$0	–	-500	–	-0.00%	–
CXDC	Exit	CHINA XD PLASTICS CO LTD	$0	–	-24,114	–	-0.00%	–
TPR	Exit	TAPESTRY INC	$0	–	-1,500	–	-0.00%	–
RBCN	Exit	RUBICON TECHNOLOGY INC	$0	–	-2,866	–	-0.00%	–
HBI	Exit	HANESBRANDS INC.	$0	–	-1,500	–	-0.00%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.00%	–
NGE	Exit	GLOBAL X MSCI NIGERIA ETFgbl x msci niger	$0	–	-2,601	–	-0.00%	–
RRC	Exit	RANGE RESOURCES CORP	$0	–	-5,000	–	-0.01%	–
BIDU	Exit	BAIDU INC - SPON ADRspon adr rep a	$0	–	-260	–	-0.01%	–
RVLV	Exit	REVOLVE GROUP INCcl a	$0	–	-2,000	–	-0.01%	–
OIIM	Exit	O2MICRO INTERNATIONAL-ADRspons adr	$0	–	-9,000	–	-0.01%	–
RSX	Exit	VANECK RUSSIA ETFrussia etf	$0	–	-1,700	–	-0.01%	–
GOOG	Exit	PUT/GOOGput	$0	–	-46	–	-0.01%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Egold miners etf	$0	–	-1,000	–	-0.01%	–
MGY	Exit	MAGNOLIA OIL & GAS CORP CMN CLASS A	$0	–	-6,644	–	-0.01%	–
CBLAQ	Exit	CBL & ASSOCIATES PROPERTIES	$0	–	-216,478	–	-0.01%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-3,808	–	-0.01%	–
TWTR	Exit	TWITTER, INC. CMN	$0	–	-1,000	–	-0.01%	–
EGO	Exit	ELDORADO GOLD CORP	$0	–	-4,098	–	-0.01%	–
HDS	Exit	HD SUPPLY HOLDINGS, INC. CMN	$0	–	-1,000	–	-0.01%	–
GLYC	Exit	GLYCOMIMETICS INC	$0	–	-15,000	–	-0.01%	–
BV	Exit	BRIGHTVIEW HOLDINGS, INC. CMN	$0	–	-4,000	–	-0.01%	–
SAVA	Exit	CASSAVA SCIENCES INC	$0	–	-4,000	–	-0.01%	–
VPG	Exit	VISHAY PRECISION GROUP INC CMN	$0	–	-2,000	–	-0.01%	–
TLYS	Exit	TILLY'S, INC. CMN CLASS A	$0	–	-8,000	–	-0.01%	–
UBS	Exit	UBS GROUP AG-REG	$0	–	-4,606	–	-0.01%	–
BHF	Exit	BRIGHTHOUSE FINANCIAL INC	$0	–	-2,100	–	-0.01%	–
LFAC	Exit	LF CAPITAL ACQUISITION CORP CMN CLASS A	$0	–	-5,000	–	-0.01%	–
RMBL	Exit	RUMBLEON INC-B	$0	–	-2,000	–	-0.01%	–
CBMG	Exit	CELLULAR BIOMEDICINE GROUP I	$0	–	-3,147	–	-0.01%	–
PKBK	Exit	PARKE BANCORP INC CMN	$0	–	-4,791	–	-0.01%	–
TUR	Exit	ISHARES MSCI TURKEY ETFmsci turkey etf	$0	–	-2,800	–	-0.01%	–
LAZY	Exit	LAZYDAYS HOLDINGS INC	$0	–	-4,600	–	-0.01%	–
OSTK	Exit	OVERSTOCK.COM INC	$0	–	-730	–	-0.01%	–
WPG	Exit	WASHINGTON PRIME GROUP INC	$0	–	-99,600	–	-0.01%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-14,000	–	-0.01%	–
ATEN	Exit	A10 NETWORKS INC	$0	–	-11,900	–	-0.01%	–
CETV	Exit	CENTRAL EUROPEAN MEDIA ENT-Acl a new	$0	–	-17,192	–	-0.01%	–
CNDT	Exit	CONDUENT INC	$0	–	-22,222	–	-0.01%	–
KLR	Exit	KALEYRA INC CMN	$0	–	-10,000	–	-0.01%	–
VOYA	Exit	VOYA FINANCIAL INC CMN	$0	–	-1,500	–	-0.01%	–
INWK	Exit	INNERWORKINGS INC	$0	–	-24,256	–	-0.01%	–
TEN	Exit	TENNECO INC-CLASS A	$0	–	-11,500	–	-0.01%	–
WCC	Exit	WESCO INTERNATIONAL INC	$0	–	-1,750	–	-0.01%	–
JMIA	Exit	JUMIA TECHNOLOGIES AG-ADRsponsored ads	$0	–	-10,000	–	-0.01%	–
CALX	Exit	CALIX INC	$0	–	-4,600	–	-0.01%	–
TSLA	Exit	PUT/TSLAput	$0	–	-1,450	–	-0.01%	–
ADNT	Exit	ADIENT PLC	$0	–	-5,000	–	-0.01%	–
EMAN	Exit	EMAGIN CORP.	$0	–	-70,000	–	-0.02%	–
SIG	Exit	SIGNET JEWELERS LTD	$0	–	-5,000	–	-0.02%	–
AMZN	Exit	PUT/AMZNput	$0	–	-100	–	-0.02%	–
MAYS	Exit	MAYS J.W. INC CMN	$0	–	-5,000	–	-0.02%	–
SG	Exit	SIRIUS INTERNATIONAL INSURAN	$0	–	-8,687	–	-0.02%	–
CELH	Exit	CELSIUS HOLDINGS INC	$0	–	-4,700	–	-0.02%	–
CLSK	Exit	CLEANSPARK INC	$0	–	-8,500	–	-0.02%	–
SLM	Exit	SLM CORP	$0	–	-13,000	–	-0.02%	–
OSPN	Exit	ONESPAN, INC. CMN	$0	–	-5,100	–	-0.02%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO-CVR	$0	–	-47,919	–	-0.02%	–
PFSI	Exit	PENNYMAC FINANCIAL SERVICES	$0	–	-1,900	–	-0.02%	–
PII	Exit	POLARIS INC CMN	$0	–	-1,200	–	-0.02%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-1,600	–	-0.02%	–
BBVA	Exit	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$0	–	-40,000	–	-0.02%	–
PFNX	Exit	PFENEX INC	$0	–	-8,705	–	-0.02%	–
KB	Exit	KB FINANCIAL GROUP INC-ADRsponsored adr	$0	–	-3,500	–	-0.02%	–
MAXR	Exit	MAXAR TECHNOLOGIES INC CMN	$0	–	-4,400	–	-0.02%	–
LEGH	Exit	LEGACY HOUSING CORPORATION CMN	$0	–	-8,500	–	-0.02%	–
NLS	Exit	NAUTILUS INC	$0	–	-7,000	–	-0.02%	–
OMF	Exit	ONEMAIN HOLDINGS INC	$0	–	-4,000	–	-0.02%	–
SOXL	Exit	DIREXION DAILY SEMICONDUCTORS BULL 3X SHARES ETFetf	$0	–	-500	–	-0.02%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-1,000	–	-0.02%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-3,000	–	-0.02%	–
CARR	Exit	CARRIER GLOBAL CORPORATION CMN	$0	–	-4,200	–	-0.02%	–
MITK	Exit	MITEK SYSTEMS INC (NEW) CMN	$0	–	-10,500	–	-0.02%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-500	–	-0.02%	–
ALLY	Exit	ALLY FINANCIAL INC	$0	–	-5,250	–	-0.02%	–
IMXI	Exit	INTERNATIONAL MNY EXPRESS INC CMN	$0	–	-10,550	–	-0.02%	–
ASFI	Exit	ASTA FUNDING INC	$0	–	-13,298	–	-0.03%	–
GNW	Exit	GENWORTH FINANCIAL INC-CL A	$0	–	-53,419	–	-0.03%	–
MR	Exit	MONTAGE RESOURCES CORPORATION CMN	$0	–	-45,162	–	-0.03%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-1,250	–	-0.03%	–
NVR	Exit	N V R INC CMN	$0	–	-50	–	-0.03%	–
DELL	Exit	DELL TECHNOLOGIES -Ccl c	$0	–	-3,025	–	-0.03%	–
CPRI	Exit	CAPRI HOLDINGS LTD	$0	–	-11,500	–	-0.03%	–
SPRT	Exit	SUPPORT.COM INC	$0	–	-117,235	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORPORATION CMN	$0	–	-550	–	-0.03%	–
SRNE	Exit	SORRENTO THERAPEUTICS INC	$0	–	-20,000	–	-0.04%	–
XOP	Exit	SPDR SERIES TRUST-SPDR S&P OIL & GAS EXPLORATION & PROD ETF MUTUAL FUNDetf	$0	–	-5,250	–	-0.04%	–
HOME	Exit	AT HOME GROUP INC. CMN	$0	–	-16,000	–	-0.04%	–
MSFT	Exit	PUT/MSFTput	$0	–	-830	–	-0.04%	–
LARK	Exit	LANDMARK BANCORP INC CMN	$0	–	-12,761	–	-0.04%	–
LYTS	Exit	LSI INDUSTRIES INC CMN	$0	–	-39,900	–	-0.04%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-12,000	–	-0.05%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-4,300	–	-0.05%	–
PE	Exit	PARSLEY ENERGY, INC. CMN	$0	–	-34,470	–	-0.05%	–
W	Exit	WAYFAIR INC- CLASS Acl a	$0	–	-1,142	–	-0.05%	–
CAAP	Exit	CORPORACION AMERICA AIRPORTS S.A CMN	$0	–	-193,300	–	-0.07%	–
AJRD	Exit	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$0	–	-11,000	–	-0.07%	–
PDLI	Exit	PDL BIOPHARMA INC	$0	–	-150,778	–	-0.08%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-5,000	–	-0.08%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC CMN	$0	–	-550,000	–	-0.08%	–
VMD	Exit	VIEMED HEALTHCARE INC	$0	–	-58,054	–	-0.08%	–
IRL	Exit	NEW IRELAND FUND INC MUTUAL FUND	$0	–	-60,100	–	-0.08%	–
BPRN	Exit	BANK OF PRINCETON (THE) CMN	$0	–	-30,000	–	-0.09%	–
SHG	Exit	SHINHAN FINANCIAL GROUP-ADRspn adr restrd	$0	–	-23,800	–	-0.09%	–
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-200,009	–	-0.09%	–
XPEL	Exit	XPEL INC	$0	–	-22,643	–	-0.10%	–
STT	Exit	STATE STREET CORPORATION (NEW) CMN	$0	–	-10,000	–	-0.10%	–
CCJ	Exit	CAMECO CORP	$0	–	-59,185	–	-0.10%	–
RDI	Exit	READING INTERNATIONAL, INC. CMN CLASS A	$0	–	-211,867	–	-0.11%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-25,000	–	-0.12%	–
FNGU	Exit	MICROSECTORS FANG INDEX 3X LEVERAGED ETNS DUE 01/08/2038etf	$0	–	-4,000	–	-0.12%	–
EIRL	Exit	ISHARES MSCI IRELAND ETFetf	$0	–	-19,411	–	-0.13%	–
VVI	Exit	VIAD CORP CMN	$0	–	-39,622	–	-0.14%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-17,500	–	-0.14%	–
PVG	Exit	PRETIUM RESOURCES INC. CMN	$0	–	-100,000	–	-0.21%	–
TCS	Exit	CONTAINER STORE GROUP INC/TH	$0	–	-52,000	–	-0.22%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-54,000	–	-0.25%	–
ESTE	Exit	EARTHSTONE ENERGY, INC. CMN CLASS A	$0	–	-847,891	–	-0.36%	–
F	Exit	FORD MOTOR COMPANY CMN	$0	–	-350,000	–	-0.38%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-170,000	–	-0.67%	–
SPHD	Exit	INVESCO ETF TR II - INVESCO S&P 500 HH DV LW VLT ETF MUTUAL FUNDetf	$0	–	-142,864	–	-0.77%	–
FNV	Exit	FRANCO-NEVADA CORP	$0	–	-40,000	–	-0.91%	–
VXX	Exit	IPATH SERIES B S&P 500 VIX SHORT-TERM FUTURES ETNetf	$0	–	-235,000	–	-0.96%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-4,610	–	-1.11%	–
PEP	Exit	PEPSICO, INC. CMN	$0	–	-56,500	–	-1.28%	–
GM	Exit	GENERAL MOTORS COMPANY CMN	$0	–	-322,600	–	-1.56%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-37	–	-1.93%	–
HD	Exit	THE HOME DEPOT, INC. CMN	$0	–	-46,700	–	-2.12%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-180,000	–	-6.18%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-13,700	–	-7.04%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,403,168	–	-70.48%	–

Q3 2020

			Value		Shares		↓ Weighting
VOO	Sell	VANGUARD S&P 500 ETFetf	$431,685,000	+4.5%	1,403,168	-3.8%	70.48%	+7.0%
AMZN	Sell	AMAZON.COM INC CMN	$43,138,000	+13.3%	13,700	-0.7%	7.04%	+16.1%
BRKA	Sell	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$11,840,000	-19.5%	37	-32.7%	1.93%	-17.5%
GM	Sell	GENERAL MOTORS COMPANY CMN	$9,546,000	-14.2%	322,600	-26.7%	1.56%	-12.1%
PEP	Sell	PEPSICO, INC. CMN	$7,831,000	-53.6%	56,500	-55.7%	1.28%	-52.4%
VXX	Buy	IPATH SERIES B S&P 500 VIX SHORT-TERM FUTURES ETNetf	$5,852,000	+291.7%	235,000	+434.1%	0.96%	+301.3%
BAC	Buy	BANK OF AMERICA CORP CMN	$4,095,000	+14.9%	170,000	+13.3%	0.67%	+17.8%
ESTE	Buy	EARTHSTONE ENERGY, INC. CMN CLASS A	$2,196,000	+29.8%	847,891	+42.3%	0.36%	+33.0%
GOLD	Sell	BARRICK GOLD CORP	$1,518,000	-23.9%	54,000	-27.0%	0.25%	-22.0%
TCS	Sell	CONTAINER STORE GROUP INC/TH	$1,375,000	-4.6%	52,000	-26.8%	0.22%	-2.6%
WPM	Buy	WHEATON PRECIOUS METALS CORP	$859,000	+323.2%	17,500	+280.4%	0.14%	+337.5%
FNGU	New	MICROSECTORS FANG INDEX 3X LEVERAGED ETNS DUE 01/08/2038etf	$768,000	–	4,000	–	0.12%	–
CCJ	New	CAMECO CORP	$598,000	–	59,185	–	0.10%	–
LUB	New	LUBYS INC CMN STOCK CMN	$572,000	–	200,009	–	0.09%	–
BPRN	Sell	BANK OF PRINCETON (THE) CMN	$545,000	-45.7%	30,000	-40.0%	0.09%	-44.4%
VMD	Buy	VIEMED HEALTHCARE INC	$503,000	+20.3%	58,054	+33.2%	0.08%	+22.4%
JPM	Sell	JPMORGAN CHASE & CO CMN	$481,000	-85.4%	5,000	-85.7%	0.08%	-85.0%
PDLI	Buy	PDL BIOPHARMA INC	$475,000	+220.9%	150,778	+197.2%	0.08%	+225.0%
AJRD	Buy	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$439,000	+10.9%	11,000	+10.0%	0.07%	+14.3%
W	New	WAYFAIR INC- CLASS Acl a	$332,000	–	1,142	–	0.05%	–
AER	Buy	AERCAP HOLDINGS NV	$302,000	+6.0%	12,000	+29.7%	0.05%	+8.9%
LYTS	Buy	LSI INDUSTRIES INC CMN	$269,000	+39.4%	39,900	+33.4%	0.04%	+41.9%
MSFT	Sell	PUT/MSFTput	$242,000	-64.4%	830	-23.1%	0.04%	-63.0%
HOME	Sell	AT HOME GROUP INC. CMN	$238,000	-3.6%	16,000	-57.9%	0.04%	0.0%
SPRT	Sell	SUPPORT.COM INC	$211,000	-73.5%	117,235	-79.3%	0.03%	-73.2%
NVR	New	N V R INC CMN	$204,000	–	50	–	0.03%	–
DELL	New	DELL TECHNOLOGIES -Ccl c	$205,000	–	3,025	–	0.03%	–
AMP	New	AMERIPRISE FINANCIAL INC	$193,000	–	1,250	–	0.03%	–
GNW	Buy	GENWORTH FINANCIAL INC-CL A	$179,000	+115.7%	53,419	+48.4%	0.03%	+123.1%
ASFI	Sell	ASTA FUNDING INC	$174,000	-45.5%	13,298	-46.0%	0.03%	-45.1%
ALLY	New	ALLY FINANCIAL INC	$132,000	–	5,250	–	0.02%	–
MITK	New	MITEK SYSTEMS INC (NEW) CMN	$134,000	–	10,500	–	0.02%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$137,000	–	500	–	0.02%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$126,000	–	1,000	–	0.02%	–
CARR	New	CARRIER GLOBAL CORPORATION CMN	$128,000	–	4,200	–	0.02%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$126,000	–	3,000	–	0.02%	–
SOXL	New	DIREXION DAILY SEMICONDUCTORS BULL 3X SHARES ETFetf	$127,000	–	500	–	0.02%	–
NLS	New	NAUTILUS INC	$120,000	–	7,000	–	0.02%	–
OMF	New	ONEMAIN HOLDINGS INC	$125,000	–	4,000	–	0.02%	–
LEGH	New	LEGACY HOUSING CORPORATION CMN	$116,000	–	8,500	–	0.02%	–
PFNX	New	PFENEX INC	$111,000	–	8,705	–	0.02%	–
BMY	Buy	BRISTOL-MYERS SQUIBB CO-CVR	$108,000	-22.9%	47,919	+22.2%	0.02%	-18.2%
BBVA	Buy	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$110,000	+168.3%	40,000	+233.3%	0.02%	+157.1%
PII	New	POLARIS INC CMN	$113,000	–	1,200	–	0.02%	–
PFSI	New	PENNYMAC FINANCIAL SERVICES	$110,000	–	1,900	–	0.02%	–
AMG	New	AFFILIATED MANAGERS GROUP	$109,000	–	1,600	–	0.02%	–
MAXR	New	MAXAR TECHNOLOGIES INC CMN	$110,000	–	4,400	–	0.02%	–
KB	New	KB FINANCIAL GROUP INC-ADRsponsored adr	$112,000	–	3,500	–	0.02%	–
CELH	New	CELSIUS HOLDINGS INC	$107,000	–	4,700	–	0.02%	–
SLM	New	SLM CORP	$105,000	–	13,000	–	0.02%	–
CLSK	New	CLEANSPARK INC	$106,000	–	8,500	–	0.02%	–
OSPN	New	ONESPAN, INC. CMN	$107,000	–	5,100	–	0.02%	–
SG	New	SIRIUS INTERNATIONAL INSURAN	$100,000	–	8,687	–	0.02%	–
MAYS	New	MAYS J.W. INC CMN	$93,000	–	5,000	–	0.02%	–
EMAN	New	EMAGIN CORP.	$89,000	–	70,000	–	0.02%	–
SIG	New	SIGNET JEWELERS LTD	$94,000	–	5,000	–	0.02%	–
AMZN	Sell	PUT/AMZNput	$91,000	-75.3%	100	-23.1%	0.02%	-74.6%
ADNT	New	ADIENT PLC	$87,000	–	5,000	–	0.01%	–
TSLA	Buy	PUT/TSLAput	$88,000	-65.1%	1,450	+271.8%	0.01%	-65.0%
JMIA	New	JUMIA TECHNOLOGIES AG-ADRsponsored ads	$80,000	–	10,000	–	0.01%	–
WCC	New	WESCO INTERNATIONAL INC	$77,000	–	1,750	–	0.01%	–
CALX	New	CALIX INC	$82,000	–	4,600	–	0.01%	–
TEN	Sell	TENNECO INC-CLASS A	$80,000	-39.4%	11,500	-34.3%	0.01%	-38.1%
ATEN	New	A10 NETWORKS INC	$76,000	–	11,900	–	0.01%	–
CNDT	New	CONDUENT INC	$71,000	–	22,222	–	0.01%	–
INWK	New	INNERWORKINGS INC	$73,000	–	24,256	–	0.01%	–
KLR	New	KALEYRA INC CMN	$76,000	–	10,000	–	0.01%	–
PBI	New	PITNEY BOWES INC	$74,000	–	14,000	–	0.01%	–
VOYA	New	VOYA FINANCIAL INC CMN	$72,000	–	1,500	–	0.01%	–
CETV	Sell	CENTRAL EUROPEAN MEDIA ENT-Acl a new	$72,000	-6.5%	17,192	-20.9%	0.01%	0.0%
WPG	Buy	WASHINGTON PRIME GROUP INC	$65,000	-14.5%	99,600	+10.7%	0.01%	-8.3%
LAZY	New	LAZYDAYS HOLDINGS INC	$58,000	–	4,600	–	0.01%	–
TUR	New	ISHARES MSCI TURKEY ETFmsci turkey etf	$55,000	–	2,800	–	0.01%	–
BHF	New	BRIGHTHOUSE FINANCIAL INC	$57,000	–	2,100	–	0.01%	–
OSTK	New	OVERSTOCK.COM INC	$53,000	–	730	–	0.01%	–
RMBL	New	RUMBLEON INC-B	$53,000	–	2,000	–	0.01%	–
LFAC	New	LF CAPITAL ACQUISITION CORP CMN CLASS A	$53,000	–	5,000	–	0.01%	–
PKBK	New	PARKE BANCORP INC CMN	$57,000	–	4,791	–	0.01%	–
CBMG	New	CELLULAR BIOMEDICINE GROUP I	$58,000	–	3,147	–	0.01%	–
BV	New	BRIGHTVIEW HOLDINGS, INC. CMN	$46,000	–	4,000	–	0.01%	–
UBS	New	UBS GROUP AG-REG	$52,000	–	4,606	–	0.01%	–
VPG	New	VISHAY PRECISION GROUP INC CMN	$51,000	–	2,000	–	0.01%	–
SAVA	New	CASSAVA SCIENCES INC	$46,000	–	4,000	–	0.01%	–
GLYC	New	GLYCOMIMETICS INC	$46,000	–	15,000	–	0.01%	–
TLYS	New	TILLY'S, INC. CMN CLASS A	$48,000	–	8,000	–	0.01%	–
HDS	New	HD SUPPLY HOLDINGS, INC. CMN	$41,000	–	1,000	–	0.01%	–
TWTR	New	TWITTER, INC. CMN	$45,000	–	1,000	–	0.01%	–
EGO	New	ELDORADO GOLD CORP	$43,000	–	4,098	–	0.01%	–
CBLAQ	Buy	CBL & ASSOCIATES PROPERTIES	$35,000	-40.7%	216,478	+0.7%	0.01%	-33.3%
HSON	Sell	HUDSON GLOBAL, INC. CMN	$37,000	-64.4%	3,808	-67.7%	0.01%	-64.7%
MGY	New	MAGNOLIA OIL & GAS CORP CMN CLASS A	$34,000	–	6,644	–	0.01%	–
GDX	New	VANECK VECTORS GOLD MINERS Egold miners etf	$39,000	–	1,000	–	0.01%	–
RSX	New	VANECK RUSSIA ETFrussia etf	$36,000	–	1,700	–	0.01%	–
RVLV	New	REVOLVE GROUP INCcl a	$33,000	–	2,000	–	0.01%	–
RRC	New	RANGE RESOURCES CORP	$33,000	–	5,000	–	0.01%	–
OIIM	New	O2MICRO INTERNATIONAL-ADRspons adr	$32,000	–	9,000	–	0.01%	–
BIDU	New	BAIDU INC - SPON ADRspon adr rep a	$33,000	–	260	–	0.01%	–
GE	New	GENERAL ELECTRIC CO	$22,000	–	3,500	–	0.00%	–
NGE	New	GLOBAL X MSCI NIGERIA ETFgbl x msci niger	$24,000	–	2,601	–	0.00%	–
RBCN	New	RUBICON TECHNOLOGY INC	$24,000	–	2,866	–	0.00%	–
HBI	New	HANESBRANDS INC.	$24,000	–	1,500	–	0.00%	–
TPR	New	TAPESTRY INC	$23,000	–	1,500	–	0.00%	–
C	New	CITIGROUP INC	$22,000	–	500	–	0.00%	–
CXDC	Buy	CHINA XD PLASTICS CO LTD	$27,000	+35.0%	24,114	+36.3%	0.00%	+33.3%
RSXJ	New	VANECK RUSSIA SMALL-CAPrussia small cap	$22,000	–	680	–	0.00%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$27,000	–	542	–	0.00%	–
BPOP	New	POPULAR INC	$18,000	–	500	–	0.00%	–
CAF	New	MORGAN STANLEY CHINA A SHARE FUND, INC.	$21,000	–	1,000	–	0.00%	–
WOW	New	WIDEOPENWEST, INC. CMN	$19,000	–	3,700	–	0.00%	–
KRNY	New	KEARNY FINANCIAL CORP. CMN	$20,000	–	2,705	–	0.00%	–
GIGM	Sell	GIGAMEDIA LTD	$21,000	-88.1%	7,272	-87.0%	0.00%	-89.3%
APWC	New	ASIA PACIFIC WIRE & CABLEord	$10,000	–	8,100	–	0.00%	–
BIF	New	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$12,000	–	1,200	–	0.00%	–
IVZ	New	INVESCO LTD	$11,000	–	1,000	–	0.00%	–
KSPN	New	KASPIEN HOLDINGS INC	$10,000	–	1,290	–	0.00%	–
HQI	New	HIREQUEST INC CMN	$13,000	–	1,666	–	0.00%	–
MTDR	New	MATADOR RES CO CMN	$8,000	–	1,000	–	0.00%	–
MTNB	New	MATINAS BIOPHARMA HOLDINGS I	$5,000	–	6,765	–	0.00%	–
VVR	New	INVESCO SENIOR INCOME TRUST MUTUAL FUND	$6,000	–	1,635	–	0.00%	–
RFP	New	RESOLUTE FOREST PRODUCTS INC CMN	$4,000	–	1,000	–	0.00%	–
LPI	New	LAREDO PETROLEUM, INC. CMN	$5,000	–	500	–	0.00%	–
CVS	New	CVS HEALTH CORP	$3,000	–	55	–	0.00%	–
WSTL	New	WESTELL TECHNOLOGIES INC-Acl a new	$1,000	–	999	–	0.00%	–
CGA	New	CHINA GREEN AGRICULTURE INC	$1,000	–	207	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$2,000	–	1,000	–	0.00%	–
TGA	New	TRANSGLOBE ENERGY CORP	$3,000	–	7,500	–	0.00%	–
CIDM	New	CINEDIGM CORP - A	$3,000	–	5,849	–	0.00%	–
BIP	New	CAPSTAR SPECIAL PURPOSE ACQUlp int unit	$0	–	2	–	0.00%	–
CCCL	New	CHINA CERAMICS CO LTD	$2,000	–	1,111	–	0.00%	–
TACO	New	DEL TACO RESTAURANTS, INC. CMN	$1,000	–	100	–	0.00%	–
SINO	New	SINO-GLOBAL SHIPPING AMERICA	$3,000	–	1,770	–	0.00%	–
DXYN	New	DIXIE GROUP, INC. (THE) CMN CLASS A	$1,000	–	1,000	–	0.00%	–
PGEN	New	PRECIGEN INC CMN	$1,000	–	350	–	0.00%	–
PCG	New	P G & E CORPORATION CMN	$1,000	–	100	–	0.00%	–
OCGN	New	OCUGEN INC CMN	$1,000	–	16	–	0.00%	–
OASPQ	New	OASIS PETROLEUM INC CMN	$1,000	–	1,000	–	0.00%	–
ALJJ	Exit	ALJ REGIONAL HOLDINGS INC	$0	–	-18,283	–	-0.00%	–
ALO	Exit	ALIO GOLD INC	$0	–	-10,200	–	-0.00%	–
EXFO	Exit	EXFO INC SUB VTG SHS	$0	–	-13,500	–	-0.01%	–
TWMC	Exit	TRANS WORLD ENTERTAINMENT CP	$0	–	-15,597	–	-0.02%	–
MSTR	Exit	MICROSTRATEGY INCORPORATED CMN CLASS A	$0	–	-2,100	–	-0.04%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-20,545	–	-0.04%	–
DSSI	Exit	DIAMOND S SHIPPING INC	$0	–	-35,900	–	-0.05%	–
LEN	Exit	LENNAR CORPORATION CMN CLASS A	$0	–	-11,942	–	-0.12%	–
ATVI	Exit	ACTIVISION BLIZZARD, INC CMN	$0	–	-10,000	–	-0.12%	–
AEY	Exit	ADDVANTAGE TECHNOLOGIES GRP	$0	–	-351,061	–	-0.19%	–
XOM	Exit	EXXON MOBIL CORPORATION CMN	$0	–	-30,000	–	-0.21%	–
INBK	Exit	FIRST INTERNET BANCORP CMN	$0	–	-90,000	–	-0.24%	–
CS	Exit	CREDIT SUISSE GROUP SPON ADR SPONSORED ADR CMN	$0	–	-450,000	–	-0.74%	–
IWM	Exit	ISHARES RUSSELL 2000 ETFetf	$0	–	-182,500	–	-4.16%	–

Q2 2020

			Value		Shares		↓ Weighting
VOO	New	VANGUARD S&P 500 ETFetf	$413,289,000	–	1,458,168	–	65.87%	–
AMZN	New	AMAZON.COM INC CMN	$38,072,000	–	13,800	–	6.07%	–
MSFT	New	MICROSOFT CORPORATION CMN	$36,632,000	–	180,000	–	5.84%	–
IWM	New	ISHARES RUSSELL 2000 ETFetf	$26,130,000	–	182,500	–	4.16%	–
PEP	New	PEPSICO, INC. CMN	$16,863,000	–	127,500	–	2.69%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$14,702,000	–	55	–	2.34%	–
HD	New	THE HOME DEPOT, INC. CMN	$11,699,000	–	46,700	–	1.86%	–
GM	New	GENERAL MOTORS COMPANY CMN	$11,132,000	–	440,000	–	1.77%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$6,517,000	–	4,610	–	1.04%	–
FNV	New	FRANCO-NEVADA CORP	$5,586,000	–	40,000	–	0.89%	–
SPHD	New	INVESCO ETF TR II - INVESCO S&P 500 HH DV LW VLT ETF MUTUAL FUNDetf	$4,703,000	–	142,864	–	0.75%	–
CS	New	CREDIT SUISSE GROUP SPON ADR SPONSORED ADR CMN	$4,640,000	–	450,000	–	0.74%	–
BAC	New	BANK OF AMERICA CORP CMN	$3,563,000	–	150,000	–	0.57%	–
JPM	New	JPMORGAN CHASE & CO CMN	$3,292,000	–	35,000	–	0.52%	–
F	New	FORD MOTOR COMPANY CMN	$2,128,000	–	350,000	–	0.34%	–
GOLD	New	BARRICK GOLD CORP	$1,994,000	–	74,000	–	0.32%	–
ESTE	New	EARTHSTONE ENERGY, INC. CMN CLASS A	$1,692,000	–	595,885	–	0.27%	–
VXX	New	IPATH SERIES B S&P 500 VIX SHORT-TERM FUTURES ETNetf	$1,494,000	–	44,000	–	0.24%	–
INBK	New	FIRST INTERNET BANCORP CMN	$1,496,000	–	90,000	–	0.24%	–
TCS	New	CONTAINER STORE GROUP INC/TH	$1,441,000	–	71,000	–	0.23%	–
XOM	New	EXXON MOBIL CORPORATION CMN	$1,342,000	–	30,000	–	0.21%	–
AEY	New	ADDVANTAGE TECHNOLOGIES GRP	$1,208,000	–	351,061	–	0.19%	–
BPRN	New	BANK OF PRINCETON (THE) CMN	$1,004,000	–	50,000	–	0.16%	–
RDI	New	READING INTERNATIONAL, INC. CMN CLASS A	$900,000	–	211,867	–	0.14%	–
PVG	New	PRETIUM RESOURCES INC. CMN	$840,000	–	100,000	–	0.13%	–
SPRT	New	SUPPORT.COM INC	$797,000	–	565,050	–	0.13%	–
ATVI	New	ACTIVISION BLIZZARD, INC CMN	$759,000	–	10,000	–	0.12%	–
VVI	New	VIAD CORP CMN	$754,000	–	39,622	–	0.12%	–
LEN	New	LENNAR CORPORATION CMN CLASS A	$736,000	–	11,942	–	0.12%	–
EIRL	New	ISHARES MSCI IRELAND ETFetf	$735,000	–	19,411	–	0.12%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$721,000	–	25,000	–	0.12%	–
MSFT	New	MSFT @ 155 EXP 03/19/2021put	$680,000	–	1,080	–	0.11%	–
STT	New	STATE STREET CORPORATION (NEW) CMN	$636,000	–	10,000	–	0.10%	–
SHG	New	SHINHAN FINANCIAL GROUP-ADRspn adr restrd	$573,000	–	23,800	–	0.09%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC CMN	$550,000	–	550,000	–	0.09%	–
IRL	New	NEW IRELAND FUND INC MUTUAL FUND	$466,000	–	60,100	–	0.07%	–
VMD	New	VIEMED HEALTHCARE INC	$418,000	–	43,578	–	0.07%	–
CAAP	New	CORPORACION AMERICA AIRPORTS S.A CMN	$421,000	–	193,300	–	0.07%	–
AJRD	New	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$396,000	–	10,000	–	0.06%	–
PE	New	PARSLEY ENERGY, INC. CMN	$368,000	–	34,470	–	0.06%	–
AMZN	New	AMZN @ 1700 EXP 02/19/2021put	$368,000	–	130	–	0.06%	–
XPEL	New	XPEL INC	$354,000	–	22,643	–	0.06%	–
ASFI	New	ASTA FUNDING INC	$319,000	–	24,646	–	0.05%	–
LARK	New	LANDMARK BANCORP INC CMN	$315,000	–	12,761	–	0.05%	–
DSSI	New	DIAMOND S SHIPPING INC	$287,000	–	35,900	–	0.05%	–
AER	New	AERCAP HOLDINGS NV	$285,000	–	9,250	–	0.04%	–
XOP	New	SPDR SERIES TRUST-SPDR S&P OIL A18 & GAS EXPLORATION & PROD ETF MUTUAL FUNDetf	$274,000	–	5,250	–	0.04%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$269,000	–	4,300	–	0.04%	–
STNG	New	SCORPIO TANKERS INC	$263,000	–	20,545	–	0.04%	–
MSTR	New	MICROSTRATEGY INCORPORATED CMN CLASS A	$248,000	–	2,100	–	0.04%	–
TSLA	New	TSLA @ 500 EXP 08/21/2020put	$252,000	–	390	–	0.04%	–
HOME	New	AT HOME GROUP INC. CMN	$247,000	–	38,000	–	0.04%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$203,000	–	4,600	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORPORATION CMN	$201,000	–	550	–	0.03%	–
LYTS	New	LSI INDUSTRIES INC CMN	$193,000	–	29,900	–	0.03%	–
CPRI	New	CAPRI HOLDINGS LTD	$180,000	–	11,500	–	0.03%	–
MR	New	MONTAGE RESOURCES CORPORATION CMN	$178,000	–	45,162	–	0.03%	–
GIGM	New	GIGAMEDIA LTD	$176,000	–	56,000	–	0.03%	–
PDLI	New	PDL BIOPHARMA INC	$148,000	–	50,725	–	0.02%	–
BMY	New	BRISTOL-MYERS SQUIBB CO-CVR	$140,000	–	39,209	–	0.02%	–
TEN	New	TENNECO INC-CLASS A	$132,000	–	17,500	–	0.02%	–
IMXI	New	INTERNATIONAL MNY EXPRESS INC CMN	$131,000	–	10,550	–	0.02%	–
SRNE	New	SORRENTO THERAPEUTICS INC	$126,000	–	20,000	–	0.02%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$104,000	–	11,793	–	0.02%	–
TWMC	New	TRANS WORLD ENTERTAINMENT CP	$107,000	–	15,597	–	0.02%	–
GOOG	New	GOOG @ 1030 EXP 01/15/2021put	$100,000	–	46	–	0.02%	–
GNW	New	GENWORTH FINANCIAL INC-CL A	$83,000	–	36,000	–	0.01%	–
WPG	New	WASHINGTON PRIME GROUP INC	$76,000	–	90,000	–	0.01%	–
CETV	New	CENTRAL EUROPEAN MEDIA ENT-Acl a new	$77,000	–	21,741	–	0.01%	–
CBLAQ	New	CBL & ASSOCIATES PROPERTIES	$59,000	–	215,000	–	0.01%	–
BBVA	New	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$41,000	–	12,000	–	0.01%	–
EXFO	New	EXFO INC SUB VTG SHS	$38,000	–	13,500	–	0.01%	–
CXDC	New	CHINA XD PLASTICS CO LTD	$20,000	–	17,696	–	0.00%	–
XPL	New	SOLITARIO ZINC CORP	$11,000	–	35,700	–	0.00%	–
NXE	New	NEXGEN ENERGY LTD	$13,000	–	10,000	–	0.00%	–
ALO	New	ALIO GOLD INC	$13,000	–	10,200	–	0.00%	–
TGB	New	TASEKO MINES LTD	$8,000	–	16,000	–	0.00%	–
ALJJ	New	ALJ REGIONAL HOLDINGS INC	$9,000	–	18,283	–	0.00%	–
LFACW	New	WTS/LF CAPITAL ACQUISITION CORP EXP12/31/2023call	$5,000	–	5,000	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
AREXQ	Exit	APPROACH RESOURCES INC. CMN	$0	–	-10,000	–	0.00%	–
ALO	Exit	ALIO GOLD INC	$0	–	-10,200	–	-0.00%	–
NXE	Exit	NEXGEN ENERGY LTD	$0	–	-10,000	–	-0.00%	–
XPL	Exit	SOLITARIO ZINC CORP	$0	–	-35,700	–	-0.00%	–
LPI	Exit	LAREDO PETROLEUM INC. CMN	$0	–	-10,000	–	-0.00%	–
ETM	Exit	ENTERCOM COMMS. CORP CLASS A COMMON STOCK	$0	–	-14,000	–	-0.01%	–
TWMC	Exit	TRANS WORLD ENTERTAINMENT CP	$0	–	-15,597	–	-0.01%	–
EXFO	Exit	EXFO INC SUB VTG SHS	$0	–	-14,800	–	-0.01%	–
BBVA	Exit	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$0	–	-12,000	–	-0.01%	–
HPJ	Exit	HIGHPOWER INTERNATIONAL INC	$0	–	-13,700	–	-0.01%	–
JAG	Exit	JAGGED PEAK ENERGY INC. CMN	$0	–	-10,000	–	-0.01%	–
ECA	Exit	ENCANA CORP	$0	–	-16,031	–	-0.01%	–
PACB	Exit	PACIFIC BIOSCIENCES OF CALIF	$0	–	-15,000	–	-0.01%	–
SUMR	Exit	SUMMER INFANT INC CMN	$0	–	-260,000	–	-0.02%	–
APWC	Exit	ASIA PACIFIC WIRE & CABLE CORP CMN	$0	–	-55,843	–	-0.02%	–
FVE	Exit	FIVE STAR SENIOR LIVING INC	$0	–	-226,980	–	-0.02%	–
ALLT	Exit	ALLOT LTD	$0	–	-13,000	–	-0.02%	–
TSQ	Exit	TOWNSQUARE MEDIA INC - CL Acl a	$0	–	-18,555	–	-0.02%	–
GNW	Exit	GENWORTH FINANCIAL INC-CL A	$0	–	-36,000	–	-0.03%	–
APPS	Exit	DIGITAL TURBINE INC	$0	–	-25,000	–	-0.03%	–
TEN	Exit	TENNECO INC-CLASS A	$0	–	-14,000	–	-0.03%	–
NIHD	Exit	NII HOLDINGS INC	$0	–	-87,896	–	-0.03%	–
MR	Exit	MONTAGE RESOURCES CORPORATION CMN	$0	–	-45,162	–	-0.03%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-15,793	–	-0.03%	–
SMTA	Exit	SPIRIT MTA REIT	$0	–	-22,855	–	-0.03%	–
RVEN	Exit	REVEN HOUSING REIT INC	$0	–	-38,145	–	-0.04%	–
WPG	Exit	WASHINGTON PRIME GROUP INC	$0	–	-51,400	–	-0.04%	–
ALJJ	Exit	ALJ REGIONAL HOLDINGS INC	$0	–	-155,600	–	-0.04%	–
CPRI	Exit	CAPRI HOLDINGS LTD	$0	–	-7,000	–	-0.04%	–
XPEL	Exit	XPEL INC	$0	–	-22,643	–	-0.05%	–
CBLAQ	Exit	CBL & ASSOCIATES PROPERTIES	$0	–	-210,000	–	-0.05%	–
IDSA	Exit	INDUSTRIAL SVCS OF AMERICA	$0	–	-252,305	–	-0.05%	–
LARK	Exit	LANDMARK BANCORP INC CMN	$0	–	-12,154	–	-0.05%	–
VMD	Exit	VIEMED HEALTHCARE INC	$0	–	-43,578	–	-0.05%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,300	–	-0.05%	–
MSTR	Exit	MICROSTRATEGY INCORPORATED CMN CLASS A	$0	–	-2,100	–	-0.06%	–
WBT	Exit	WELBILT INC CMN	$0	–	-19,500	–	-0.06%	–
EWU	Exit	ISHARES MSCI UNITED KINGDOMmsci uk etf new	$0	–	-13,000	–	-0.07%	–
RFP	Exit	RESOLUTE FOREST PRODUCTS	$0	–	-88,983	–	-0.08%	–
GIGM	Exit	GIGAMEDIA LTD	$0	–	-166,096	–	-0.08%	–
AJRD	Exit	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$0	–	-9,100	–	-0.08%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-9,000	–	-0.09%	–
PE	Exit	PARSLEY ENERGY, INC. CMN	$0	–	-30,000	–	-0.09%	–
IRL	Exit	NEW IRELAND FUND INC MUTUAL FUND	$0	–	-60,100	–	-0.09%	–
SPRT	Exit	SUPPORT.COM INC	$0	–	-414,061	–	-0.11%	–
CURO	Exit	CURO GROUP HOLDINGS CORP	$0	–	-52,280	–	-0.12%	–
AEY	Exit	ADDVANTAGE TECHNOLOGIES GRP	$0	–	-351,061	–	-0.12%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC CMN	$0	–	-550,000	–	-0.13%	–
XOP	Exit	SPDR S&P OIL & GAS EXP & PRs&p oilgas exp	$0	–	-34,000	–	-0.14%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-25,000	–	-0.14%	–
CMCSA	Exit	CALL/CMCSA @ 37.5 EXP 01/17/2020call	$0	–	-1,000	–	-0.14%	–
EIRL	Exit	ISHARES MSCI IRELAND ETFetf	$0	–	-19,411	–	-0.14%	–
SHG	Exit	SHINHAN FINANCIAL GROUP-ADRspn adr restrd	$0	–	-23,800	–	-0.15%	–
NGE	Exit	GLOBAL X MSCI NIGERIA ETFgbl x msci niger	$0	–	-63,200	–	-0.15%	–
KB	Exit	KB FINANCIAL GROUP INC-ADRsponsored adr	$0	–	-26,700	–	-0.17%	–
CAAP	Exit	CORPORACION AMERICA AIRPORTS S.A CMN	$0	–	-213,300	–	-0.17%	–
CI	Exit	CIGNA CORP	$0	–	-6,500	–	-0.18%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-591,515	–	-0.18%	–
BXC	Exit	BLUELINX HLDGS INC CMN	$0	–	-32,400	–	-0.19%	–
FRAF	Exit	FRANKLIN FINANCIAL SERVICES CORPORATION CMN	$0	–	-30,000	–	-0.19%	–
QIWI	Exit	QIWI PLC-SPONSORED ADRspon adr rep b	$0	–	-56,627	–	-0.22%	–
TCS	Exit	CONTAINER STORE GROUP INC/TH	$0	–	-72,500	–	-0.23%	–
BTI	Exit	BRITISH AMERICAN TOB-SP ADRsponsored adr	$0	–	-34,900	–	-0.23%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-21,650	–	-0.24%	–
BPRN	Exit	BANK OF PRINCETON (THE) CMN	$0	–	-50,000	–	-0.26%	–
FCBP	Exit	FIRST CHOICE BANCORP CMN	$0	–	-74,702	–	-0.28%	–
PEP	Exit	CALL/PEP @ 125 EXP 01/17/2020call	$0	–	-1,500	–	-0.41%	–
RDI	Exit	READING INTERNATIONAL, INC. CMN CLASS A	$0	–	-211,867	–	-0.45%	–
PEP	Exit	PEPSICO, INC. CMN	$0	–	-21,000	–	-0.51%	–
ESTE	Exit	EARTHSTONE ENERGY, INC. CMN CLASS A	$0	–	-900,565	–	-0.52%	–
INBK	Exit	FIRST INTERNET BANCORP CMN	$0	–	-163,120	–	-0.62%	–
BLK	Exit	BLACKROCK, INC. CMN	$0	–	-10,000	–	-0.80%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Egold miners etf	$0	–	-181,000	–	-0.86%	–
AMAT	Exit	APPLIED MATERIALS INC CMN	$0	–	-99,230	–	-0.88%	–
CS	Exit	CREDIT SUISSE GROUP SPON ADR SPONSORED ADR CMNsponsored adr	$0	–	-599,526	–	-1.31%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-6,010	–	-1.31%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-90,000	–	-1.89%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-440,000	–	-2.29%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-55	–	-3.06%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-13,700	–	-4.24%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-180,000	–	-4.46%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,458,168	–	-70.92%	–

Q3 2019

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON.COM INC CMN	$23,782,000	-10.3%	13,700	-2.1%	4.24%	-11.9%
BAC	Buy	BANK OF AMERICA CORP CMN	$12,835,000	+47.5%	440,000	+46.7%	2.29%	+44.8%
JPM	Buy	JPMORGAN CHASE & CO CMN	$10,592,000	+215.8%	90,000	+200.0%	1.89%	+209.8%
CS	Buy	CREDIT SUISSE GROUP SPON ADR SPONSORED ADR CMNsponsored adr	$7,321,000	+144.6%	599,526	+139.8%	1.31%	+140.1%
GDX	New	VANECK VECTORS GOLD MINERS Egold miners etf	$4,835,000	–	181,000	–	0.86%	–
BLK	Sell	BLACKROCK, INC. CMN	$4,456,000	-52.5%	10,000	-50.0%	0.80%	-53.4%
ESTE	Buy	EARTHSTONE ENERGY, INC. CMN CLASS A	$2,926,000	-44.5%	900,565	+4.6%	0.52%	-45.5%
TCS	New	CONTAINER STORE GROUP INC/TH	$1,269,000	–	72,500	–	0.23%	–
BXC	Sell	BLUELINX HLDGS INC CMN	$1,047,000	-83.1%	32,400	-89.6%	0.19%	-83.4%
ODP	New	OFFICE DEPOT INC	$1,038,000	–	591,515	–	0.18%	–
KB	Buy	KB FINANCIAL GROUP INC-ADRsponsored adr	$954,000	+4.1%	26,700	+15.1%	0.17%	+2.4%
NGE	Buy	GLOBAL X MSCI NIGERIA ETFgbl x msci niger	$843,000	+2061.5%	63,200	+92.1%	0.15%	+2042.9%
CURO	Buy	CURO GROUP HOLDINGS CORP	$694,000	+20.3%	52,280	+0.2%	0.12%	+18.1%
SPRT	Buy	SUPPORT.COM INC	$638,000	+20.2%	414,061	+26.3%	0.11%	+17.5%
AER	New	AERCAP HOLDINGS NV	$493,000	–	9,000	–	0.09%	–
AJRD	Sell	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$460,000	-24.5%	9,100	-33.1%	0.08%	-26.1%
RFP	Sell	RESOLUTE FOREST PRODUCTS	$418,000	-35.3%	88,983	-0.9%	0.08%	-35.9%
VMD	New	VIEMED HEALTHCARE INC	$301,000	–	43,578	–	0.05%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$300,000	–	3,300	–	0.05%	–
IDSA	New	INDUSTRIAL SVCS OF AMERICA	$283,000	–	252,305	–	0.05%	–
XPEL	New	XPEL INC	$267,000	–	22,643	–	0.05%	–
CBLAQ	New	CBL & ASSOCIATES PROPERTIES	$271,000	–	210,000	–	0.05%	–
CPRI	New	CAPRI HOLDINGS LTD	$232,000	–	7,000	–	0.04%	–
WPG	New	WASHINGTON PRIME GROUP INC	$213,000	–	51,400	–	0.04%	–
RVEN	New	REVEN HOUSING REIT INC	$195,000	–	38,145	–	0.04%	–
SMTA	New	SPIRIT MTA REIT	$193,000	–	22,855	–	0.03%	–
NIHD	New	NII HOLDINGS INC	$172,000	–	87,896	–	0.03%	–
TEN	New	TENNECO INC-CLASS A	$175,000	–	14,000	–	0.03%	–
APPS	New	DIGITAL TURBINE INC	$161,000	–	25,000	–	0.03%	–
GNW	New	GENWORTH FINANCIAL INC-CL A	$158,000	–	36,000	–	0.03%	–
TSQ	Buy	TOWNSQUARE MEDIA INC - CL Acl a	$130,000	+30.0%	18,555	+1.0%	0.02%	+27.8%
ALLT	New	ALLOT LTD	$105,000	–	13,000	–	0.02%	–
APWC	Sell	ASIA PACIFIC WIRE & CABLE CORP CMN	$100,000	-25.9%	55,843	-13.3%	0.02%	-28.0%
PACB	New	PACIFIC BIOSCIENCES OF CALIF	$77,000	–	15,000	–	0.01%	–
BBVA	New	BANCO BILBAO VIZCAYA-SP ADRsponsored adr	$62,000	–	12,000	–	0.01%	–
HPJ	New	HIGHPOWER INTERNATIONAL INC	$64,000	–	13,700	–	0.01%	–
TWMC	Sell	TRANS WORLD ENTERTAINMENT CP	$46,000	-41.0%	15,597	-95.0%	0.01%	-42.9%
CAH	Exit	CARDINAL HEALTH INC	$0	–	-12,222	–	0.00%	–
TGB	Exit	TASEKO MINES LTD	$0	–	-16,000	–	-0.00%	–
AMRWW	Exit	WTS/ALTA MESA RES INC 11.5000 EXP04/27/2022call	$0	–	-813,141	–	-0.00%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-420	–	-0.01%	–
PBPB	Exit	POTBELLY CORP CMN	$0	–	-21,200	–	-0.02%	–
IOTS	Exit	ADESTO TECHNOLOGIES CORP CMN	$0	–	-19,500	–	-0.03%	–
IMGN	Exit	IMMUNOGEN INC. CMN	$0	–	-100,000	–	-0.04%	–
	Exit	CALL/SVXY1 @ 15 EXP 01/17/2020call	$0	–	-1,060	–	-0.04%	–
AMRQQ	Exit	ALTA MESA RES INC CMN	$0	–	-1,646,839	–	-0.04%	–
PVG	Exit	PRETIUM RESOURCES INC. CMN	$0	–	-30,000	–	-0.06%	–
TSLA	Exit	PUT/TSLA @ 100 EXP 09/20/2019put	$0	–	-3,566	–	-0.06%	–
GLD	Exit	SPDR GOLD SHARES	$0	–	-3,608	–	-0.09%	–
SE	Exit	SEA LTD-ADRsponsored ads	$0	–	-26,000	–	-0.16%	–
SATS	Exit	ECHOSTAR CORPORATION CMN	$0	–	-120,000	–	-0.97%	–

Q2 2019

			Value		Shares		↓ Weighting
VOO	New	VANGUARD S&P 500 ETFetf	$392,466,000	–	1,458,168	–	71.33%	–
AMZN	New	AMAZON.COM INC CMN	$26,511,000	–	14,000	–	4.82%	–
MSFT	New	MICROSOFT CORPORATION CMN	$24,113,000	–	180,000	–	4.38%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$17,509,000	–	55	–	3.18%	–
BLK	New	BLACKROCK, INC. CMN	$9,386,000	–	20,000	–	1.71%	–
BAC	New	BANK OF AMERICA CORP CMN	$8,700,000	–	300,000	–	1.58%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$6,496,000	–	6,010	–	1.18%	–
BXC	New	BLUELINX HLDGS INC CMN	$6,199,000	–	312,955	–	1.13%	–
SATS	New	ECHOSTAR CORPORATION CMN	$5,318,000	–	120,000	–	0.97%	–
ESTE	New	EARTHSTONE ENERGY INCcl a	$5,268,000	–	860,765	–	0.96%	–
AMAT	New	APPLIED MATERIALS INC CMN	$4,456,000	–	99,230	–	0.81%	–
INBK	New	FIRST INTERNET BANCORP CMN	$3,513,000	–	163,120	–	0.64%	–
JPM	New	JPMORGAN CHASE & CO CMN	$3,354,000	–	30,000	–	0.61%	–
CS	New	CREDIT SUISSE GROUP SPON ADR SPONSORED ADR CMN	$2,993,000	–	250,000	–	0.54%	–
PEP	New	PEPSICO, INC. CMN	$2,754,000	–	21,000	–	0.50%	–
RDI	New	READING INTERNATIONAL, INC. CMN CLASS A	$2,750,000	–	211,867	–	0.50%	–
CAAP	New	CORPORACION AMERICA AIRPORTS S.A CMN	$1,721,000	–	213,300	–	0.31%	–
PEP	New	CALL/PEP @ 125 EXP 01/17/2020call	$1,711,000	–	1,500	–	0.31%	–
FCBP	New	FIRST CHOICE BANCORP CMN	$1,699,000	–	74,702	–	0.31%	–
BPRN	New	BANK OF PRINCETON (THE) CMN	$1,500,000	–	50,000	–	0.27%	–
BTI	New	BRITISH AMERICAN TOB-SP ADRsponsored adr	$1,217,000	–	34,900	–	0.22%	–
CVS	New	CVS HEALTH CORP	$1,180,000	–	21,650	–	0.21%	–
FRAF	New	FRANKLIN FINANCIAL SERVICES CORPORATION CMN	$1,144,000	–	30,000	–	0.21%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC CMN	$1,122,000	–	550,000	–	0.20%	–
QIWI	New	QIWI PLC-SPONSORED ADRspon adr rep b	$1,108,000	–	56,627	–	0.20%	–
CI	New	CIGNA CORP	$1,024,000	–	6,500	–	0.19%	–
SHG	New	SHINHAN FINANCIAL GROUP-ADRspn adr restrd	$925,000	–	23,800	–	0.17%	–
XOP	New	SPDR S&P OIL & GAS EXPLRTN & PR ETF ETFetf	$926,000	–	34,000	–	0.17%	–
KB	New	KB FINANCIAL GROUP INC-ADRsponsored adr	$916,000	–	23,200	–	0.17%	–
SE	New	SEA LTD-ADRsponsored ads	$864,000	–	26,000	–	0.16%	–
EIRL	New	ISHARES MSCI IRELAND ETFetf	$808,000	–	19,411	–	0.15%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$763,000	–	25,000	–	0.14%	–
RFP	New	RESOLUTE FOREST PRODUCTS INC CMN	$646,000	–	89,756	–	0.12%	–
AJRD	New	AEROJET ROCKETDYNE HOLDINGS, INC. CMN	$609,000	–	13,600	–	0.11%	–
CMCSA	New	CALL/CMCSA @ 37.5 EXP 01/17/2020call	$580,000	–	1,000	–	0.10%	–
CURO	New	CURO GROUP HOLDINGS CORP	$577,000	–	52,200	–	0.10%	–
PE	New	PARSLEY ENERGY, INC. CMN	$570,000	–	30,000	–	0.10%	–
AEY	New	ADDVANTAGE TECHNOLOGIES GRP	$555,000	–	351,061	–	0.10%	–
IRL	New	NEW IRELAND FUND INC MUTUAL FUND	$539,000	–	60,100	–	0.10%	–
SPRT	New	SUPPORT.COM INC	$531,000	–	327,757	–	0.10%	–
GLD	New	SPDR GOLD SHARES	$481,000	–	3,608	–	0.09%	–
EWU	New	ISHARES MSCI UNITED KINGDOMmsci uk etf new	$420,000	–	13,000	–	0.08%	–
TSLA	New	PUT/TSLA @ 100 EXP 09/20/2019put	$353,000	–	3,566	–	0.06%	–
WBT	New	WELBILT INC CMN	$326,000	–	19,500	–	0.06%	–
PVG	New	PRETIUM RESOURCES INC. CMN	$300,000	–	30,000	–	0.06%	–
MSTR	New	MICROSTRATEGY INCORPORATED CMN CLASS A	$301,000	–	2,100	–	0.06%	–
LARK	New	LANDMARK BANCORP INC CMN	$291,000	–	12,154	–	0.05%	–
MR	New	MONTAGE RESOURCES CORPORATION CMN	$275,000	–	45,162	–	0.05%	–
AMRQQ	New	ALTA MESA RES INC CMN	$240,000	–	1,646,839	–	0.04%	–
ALJJ	New	ALJ REGIONAL HOLDINGS INC	$241,000	–	155,600	–	0.04%	–
	New	CALL/SVXY1 @ 15 EXP 01/17/2020call	$224,000	–	1,060	–	0.04%	–
IMGN	New	IMMUNOGEN INC. CMN	$217,000	–	100,000	–	0.04%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$197,000	–	15,793	–	0.04%	–
IOTS	New	ADESTO TECHNOLOGIES CORP CMN	$159,000	–	19,500	–	0.03%	–
APWC	New	ASIA PACIFIC WIRE & CABLE CORP CMN	$135,000	–	64,387	–	0.02%	–
SUMR	New	SUMMER INFANT INC CMN	$130,000	–	260,000	–	0.02%	–
PBPB	New	POTBELLY CORP CMN	$108,000	–	21,200	–	0.02%	–
FVE	New	FIVE STAR SENIOR LIVING INC	$105,000	–	226,980	–	0.02%	–
TSQ	New	TOWNSQUARE MEDIA INC - CL Acl a	$100,000	–	18,379	–	0.02%	–
JAG	New	JAGGED PEAK ENERGY INC. CMN	$83,000	–	10,000	–	0.02%	–
ECA	New	ENCANA CORP	$82,000	–	16,031	–	0.02%	–
ETM	New	ENTERCOM COMMS. CORP CLASS A COMMON STOCK	$81,000	–	14,000	–	0.02%	–
TWMC	New	TRANS WORLD ENTERTAINMENT CP	$78,000	–	311,948	–	0.01%	–
FFIV	New	F5 NETWORKS INC	$61,000	–	420	–	0.01%	–
EXFO	New	EXFO INC SUB VTG SHS	$54,000	–	14,800	–	0.01%	–
NGE	New	GLOBAL X MSCI NIGERIA ETFfds	$39,000	–	32,900	–	0.01%	–
LPI	New	LAREDO PETROLEUM INC. CMN	$29,000	–	10,000	–	0.01%	–
GIGM	New	GIGAMEDIA LTD	$17,000	–	166,096	–	0.00%	–
NXE	New	NEXGEN ENERGY LTD	$16,000	–	10,000	–	0.00%	–
XPL	New	SOLITARIO ZINC CORP	$11,000	–	35,700	–	0.00%	–
AREXQ	New	APPROACH RESOURCES INC. CMN	$3,000	–	10,000	–	0.00%	–
AMRWW	New	WTS/ALTA MESA RES INC 11.5000 EXP04/27/2022call	$6,000	–	813,141	–	0.00%	–
ALO	New	ALIO GOLD INC	$8,000	–	10,200	–	0.00%	–
TGB	New	TASEKO MINES LTD	$8,000	–	16,000	–	0.00%	–
CAH	New	CARDINAL HEALTH INC	$1,000	–	12,222	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-900	–	0.00%	–
SSKN	Exit	STRATA SKIN SCIENCES INC	$0	–	-249	–	0.00%	–
VEACU	Exit	VANTAGE ENERGY ACQUISITION CORP. UNITother	$0	–	-2	–	0.00%	–
AMS	Exit	AMERICAN SHARED HOSPITAL SER	$0	–	-1,000	–	0.00%	–
DXYN	Exit	DIXIE GROUP, INC. (THE) CMN CLASS A	$0	–	-1,000	–	0.00%	–
CGA	Exit	CHINA GREEN AGRICULTURE INC	$0	–	-2,495	–	0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	0.00%	–
HSGX	Exit	HISTOGENICS CORP CMN	$0	–	-1,000	–	0.00%	–
FANH	Exit	PUT/FANHput	$0	–	-4	–	0.00%	–
TACO	Exit	DEL TACO RESTAURANTS INC CMN	$0	–	-100	–	0.00%	–
VVR	Exit	INVESCO SENIOR INCOME TRUST MUTUAL FUND	$0	–	-2,200	–	-0.00%	–
CCNI	Exit	COMMAND CENTER, INC. CMN	$0	–	-1,666	–	-0.00%	–
SINO	Exit	SINO-GLOBAL SHIPPING AMERICA	$0	–	-8,850	–	-0.00%	–
MGYWS	Exit	WTS/MAGNOLIA OIL & GAS CORP 11.5000 EXP06/21/2022call	$0	–	-2,214	–	-0.00%	–
CBLAQ	Exit	CALL/CBLcall	$0	–	-250	–	-0.00%	–
GURE	Exit	GULF RESOURCES INC	$0	–	-9,393	–	-0.00%	–
CIDM	Exit	CINEDIGM CORP - A	$0	–	-5,900	–	-0.00%	–
XON	Exit	INTREXON CORPORATION CMN	$0	–	-350	–	-0.00%	–
CREG	Exit	CHINA RECYCLING ENERGY CORP	$0	–	-6,666	–	-0.00%	–
WPG	Exit	WASHINGTON PRIME GROUP INC	$0	–	-1,400	–	-0.00%	–
BBDC	Exit	BARINGS BDC, INC.	$0	–	-1,000	–	-0.00%	–
UNG	Exit	PUT/UNGput	$0	–	-15	–	-0.00%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INC	$0	–	-5,000	–	-0.00%	–
OASPQ	Exit	OASIS PETROLEUM INC CMN	$0	–	-1,000	–	-0.00%	–
BORNY	Exit	CHINA NEW BORUN CORP-ADRadr	$0	–	-11,760	–	-0.00%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$0	–	-1,200	–	-0.00%	–
XPL	Exit	SOLITARIO ZINC CORP	$0	–	-35,700	–	-0.00%	–
TGB	Exit	TASEKO MINES LTD	$0	–	-16,000	–	-0.00%	–
RFP	Exit	RESOLUTE FOREST PRODUCTS INC CMN	$0	–	-1,000	–	-0.00%	–
NXE	Exit	NEXGEN ENERGY LTD	$0	–	-10,000	–	-0.00%	–
FNJN	Exit	FINJAN HOLDINGS INC	$0	–	-5,000	–	-0.00%	–
STAF	Exit	STAFFING 360 SOLUTIONS INC	$0	–	-10,000	–	-0.00%	–
ZAGG	Exit	ZAGG INC	$0	–	-1,600	–	-0.00%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-1,000	–	-0.00%	–
AREXQ	Exit	APPROACH RESOURCES INC. CMN	$0	–	-10,000	–	-0.00%	–
EGO	Exit	ELDORADO GOLD CORP	$0	–	-20,490	–	-0.00%	–
NWY	Exit	NEW YORK & CO	$0	–	-5,000	–	-0.00%	–
OIIM	Exit	O2MICRO INTERNATIONAL-ADRspons adr	$0	–	-9,000	–	-0.00%	–
CAF	Exit	MORGAN STANLEY CHINA A SHARE FUND, INC.	$0	–	-1,000	–	-0.00%	–
RLGY	Exit	REALOGY HOLDINGS CORP	$0	–	-1,047	–	-0.00%	–
DSWL	Exit	DESWELL INDUSTRIES INC	$0	–	-8,000	–	-0.00%	–
	Exit	EXPRESS INC	$0	–	-2,500	–	-0.00%	–
CINR	Exit	CINER RESOURCES LP	$0	–	-1,000	–	-0.00%	–
ELVT	Exit	ELEVATE CREDIT INC	$0	–	-3,000	–	-0.00%	–
CCR	Exit	CONSOL COAL RESOURCES LP	$0	–	-1,500	–	-0.00%	–
CBLAQ	Exit	CBL & ASSOCIATES PROPERTIES	$0	–	-6,321	–	-0.00%	–
GLP	Exit	GLOBAL PARTNERS LP	$0	–	-1,500	–	-0.00%	–
EGY	Exit	VAALCO ENERGY INC	$0	–	-10,000	–	-0.00%	–
SPWH	Exit	SPORTSMAN'S WAREHOUSE HOLDIN	$0	–	-5,000	–	-0.00%	–
NATR	Exit	NATURES SUNSHINE PRODS INC	$0	–	-3,000	–	-0.00%	–
TWTR	Exit	TWITTER, INC. CMN	$0	–	-1,000	–	-0.00%	–
LEE	Exit	LEE ENTERPRISES	$0	–	-10,000	–	-0.00%	–
CAPL	Exit	CROSSAMERICA PARTNERS LPut ltd ptn int	$0	–	-1,500	–	-0.00%	–
ISIG	Exit	INSIGNIA SYSTEMS INC	$0	–	-14,000	–	-0.00%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC	$0	–	-10,000	–	-0.00%	–
RCII	Exit	RENT-A-CENTER INC	$0	–	-2,000	–	-0.00%	–
BDL	Exit	FLANIGAN'S ENTERPRISES INC	$0	–	-1,000	–	-0.00%	–
HVT	Exit	HAVERTY FURNITURE	$0	–	-1,400	–	-0.00%	–
JMP	Exit	JMP GROUP LLC	$0	–	-5,000	–	-0.00%	–
TSRI	Exit	TSR INC	$0	–	-4,000	–	-0.00%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.00%	–
RBCN	Exit	RUBICON TECHNOLOGY INC	$0	–	-2,866	–	-0.00%	–
ESND	Exit	ESSENDANT INC	$0	–	-2,000	–	-0.00%	–
WLKP	Exit	WESTLAKE CHEMICAL PARTNERS L	$0	–	-1,100	–	-0.00%	–
AE	Exit	ADAMS RESOURCES & ENERGY INC	$0	–	-600	–	-0.00%	–
MTDR	Exit	MATADOR RES CO CMN	$0	–	-1,000	–	-0.01%	–
TUR	Exit	ISHARES MSCI TURKEY ETFmsci turkey etf	$0	–	-1,500	–	-0.01%	–
CNSL	Exit	CONSOLIDATED COMMUNICATIONS	$0	–	-2,500	–	-0.01%	–
LRN	Exit	K12 INC	$0	–	-2,000	–	-0.01%	–
OFG	Exit	OFG BANCORP	$0	–	-2,000	–	-0.01%	–
VEC	Exit	VECTRUS INC	$0	–	-1,000	–	-0.01%	–
PHH	Exit	PHH CORP	$0	–	-3,000	–	-0.01%	–
UWN	Exit	NEVADA GOLD & CASINOS INC	$0	–	-13,000	–	-0.01%	–
UNM	Exit	UNUM GROUP	$0	–	-800	–	-0.01%	–
GEMP	Exit	GEMPHIRE THERAPEUTICS INC CMN	$0	–	-20,000	–	-0.01%	–
JD	Exit	JD.COM INC-ADRspon adr cl a	$0	–	-1,744	–	-0.01%	–
LMB	Exit	LIMBACH HOLDINGS INC	$0	–	-4,000	–	-0.01%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-2,570	–	-0.01%	–
LFACU	Exit	LF CAPITAL ACQUISITION CORP UNITother	$0	–	-5,000	–	-0.01%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-2,460	–	-0.01%	–
EXFO	Exit	EXFO INC SUB VTG SHS	$0	–	-14,800	–	-0.01%	–
LPI	Exit	LAREDO PETROLEUM INC. CMN	$0	–	-10,000	–	-0.01%	–
RCUS	Exit	ARCUS BIOSCIENCES, INC. CMN	$0	–	-5,712	–	-0.01%	–
AL	Exit	AIR LEASE CORPORATION CMN	$0	–	-2,000	–	-0.01%	–
MGY	Exit	MAGNOLIA OIL & GAS CORP CMN CLASS A	$0	–	-6,644	–	-0.02%	–
ETM	Exit	ENTERCOM COMMS. CORP CLASS A COMMON STOCK	$0	–	-14,000	–	-0.02%	–
VOYA	Exit	VOYA FINANCIAL INC CMN	$0	–	-2,500	–	-0.02%	–
TISI	Exit	TEAM, INC. CMN	$0	–	-5,550	–	-0.02%	–
IOTS	Exit	ADESTO TECHNOLOGIES CORP CMN	$0	–	-23,000	–	-0.02%	–
JAG	Exit	JAGGED PEAK ENERGY INC. CMN	$0	–	-10,000	–	-0.02%	–
APWC	Exit	ASIA PACIFIC WIRE & CABLE CORP CMN	$0	–	-55,843	–	-0.02%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-1,000	–	-0.02%	–
MAYS	Exit	MAYS J.W. INC CMN	$0	–	-5,000	–	-0.03%	–
LBC	Exit	LUTHER BURBANK CORPORATION CMN	$0	–	-17,831	–	-0.03%	–
NICK	Exit	NICHOLAS FINANCIAL, INC. CMN	$0	–	-17,046	–	-0.03%	–
GHC	Exit	GRAHAM HOLDINGS CO CMN	$0	–	-350	–	-0.03%	–
PKBK	Exit	PARKE BANCORP INC CMN	$0	–	-9,114	–	-0.03%	–
UHAL	Exit	AMERCO	$0	–	-600	–	-0.03%	–
KT	Exit	KT CORPORATION SPONSORED ADR CMN	$0	–	-15,000	–	-0.03%	–
MSTR	Exit	MICROSTRATEGY INCORPORATED CMN CLASS A	$0	–	-1,650	–	-0.03%	–
FVE	Exit	FIVE STAR SENIOR LIVING INC	$0	–	-278,580	–	-0.04%	–
PBPB	Exit	POTBELLY CORP CMN	$0	–	-20,200	–	-0.04%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-157,917	–	-0.04%	–
ALJJ	Exit	ALJ REGIONAL HOLDINGS INC	$0	–	-155,600	–	-0.04%	–
ALDX	Exit	ALDEYRA THERAPEUTICS, INC. CMN	$0	–	-20,000	–	-0.04%	–
SNFCA	Exit	SECURITY NATL FINL CORP-CL A CMN CLASS A	$0	–	-55,028	–	-0.04%	–
PE	Exit	PARSLEY ENERGY, INC. CMN	$0	–	-10,000	–	-0.04%	–
CMCSA	Exit	CALL/CMCSAcall	$0	–	-1,000	–	-0.05%	–
CBIO	Exit	CATALYST BIOSCIENCES, INC. CMN	$0	–	-30,000	–	-0.05%	–
LARK	Exit	LANDMARK BANCORP INC CMN	$0	–	-11,576	–	-0.05%	–
BHF	Exit	BRIGHTHOUSE FINANCIAL INC	$0	–	-7,740	–	-0.05%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL INC. CMN	$0	–	-5,000	–	-0.06%	–
	Exit	CALL/SVXY1call	$0	–	-1,060	–	-0.06%	–
AEY	Exit	ADDVANTAGE TECHNOLOGIES GRP	$0	–	-282,461	–	-0.06%	–
PEP	Exit	CALL/PEPcall	$0	–	-1,500	–	-0.06%	–
TWMC	Exit	TRANS WORLD ENTERTAINMENT CP	$0	–	-496,297	–	-0.07%	–
PHIIQ	Exit	PHI INC-VOTING	$0	–	-57,584	–	-0.08%	–
XENE	Exit	XENON PHARMACEUTICALS INC. CMN	$0	–	-40,000	–	-0.08%	–
QURE	Exit	UNIQURE NV CMN	$0	–	-15,000	–	-0.08%	–
XLNX	Exit	CALL/XLNXcall	$0	–	-700	–	-0.08%	–
TA	Exit	TRAVELCENTERS OF AMERICA LLC	$0	–	-105,700	–	-0.09%	–
TMCXU	Exit	TRINITY MERGER CORP. UNITother	$0	–	-60,000	–	-0.09%	–
ECR	Exit	ECLIPSE RESOURCES CORPORATION CMN	$0	–	-512,676	–	-0.09%	–
IRL	Exit	NEW IRELAND FUND INC MUTUAL FUND	$0	–	-60,100	–	-0.09%	–
SYBX	Exit	SYNLOGIC INC CMN	$0	–	-45,000	–	-0.09%	–
AMRWW	Exit	WTS/ALTA MESA RES INC 11.5000 EXP04/27/2022call	$0	–	-1,302,351	–	-0.10%	–
XNCR	Exit	XENCOR, INC. CMN	$0	–	-16,900	–	-0.10%	–
GOOG	Exit	CALL/GOOGcall	$0	–	-105	–	-0.10%	–
AJRD	Exit	AEROJET ROCKETDYNE HOLDINGS, INC CMN	$0	–	-20,000	–	-0.10%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-25,000	–	-0.11%	–
SPRT	Exit	SUPPORT.COM INC	$0	–	-263,256	–	-0.11%	–
FGEN	Exit	FIBROGEN, INC. CMN	$0	–	-14,100	–	-0.13%	–
EIRL	Exit	ISHARES MSCI IRELAND ETFetf	$0	–	-19,411	–	-0.13%	–
PTE	Exit	POLARITYTE, INC. CMN	$0	–	-48,600	–	-0.14%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY CMN	$0	–	-15,600	–	-0.14%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC. CMN	$0	–	-10,560	–	-0.15%	–
RDI	Exit	READING INTERNATIONAL, INC. CMN CLASS A	$0	–	-74,325	–	-0.17%	–
BOLD	Exit	AUDENTES THERAPEUTICS, INC. CMN	$0	–	-31,300	–	-0.18%	–
BPRN	Exit	BANK OF PRINCETON (THE) CMN	$0	–	-50,000	–	-0.22%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-15,000	–	-0.25%	–
BPMC	Exit	BLUEPRINT MEDICINES CORP CMN	$0	–	-22,322	–	-0.26%	–
CPRX	Exit	CATALYST PHARMACEUTICAL INC.CMN	$0	–	-508,600	–	-0.28%	–
FCBP	Exit	FIRST CHOICE BANCORP CMN	$0	–	-81,502	–	-0.32%	–
PEP	Exit	PEPSICO, INC. CMN	$0	–	-21,000	–	-0.34%	–
ESTE	Exit	EARTHSTONE ENERGY, INC. CMN CLASS A	$0	–	-291,262	–	-0.40%	–
INBK	Exit	FIRST INTERNET BANCORP CMN	$0	–	-107,120	–	-0.48%	–
AMRQQ	Exit	ALTA MESA RESOURCES INC	$0	–	-852,546	–	-0.52%	–
TSLA	Exit	PUT/TSLAput	$0	–	-5,912	–	-0.54%	–
KRNY	Exit	KEARNY FINANCIAL CORP. CMN	$0	–	-313,601	–	-0.64%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-150,000	–	-0.65%	–
	Exit	CORPORATE CAPITAL TRUST, INC.	$0	–	-300,000	–	-0.67%	–
TSLA	Exit	TESLA, INC. CMN	$0	–	-18,400	–	-0.72%	–
ALXN	Exit	ALEXION PHARMACEUTICALS, INC. CMN	$0	–	-43,000	–	-0.88%	–
AMAT	Exit	APPLIED MATERIALS INC CMN	$0	–	-199,230	–	-1.13%	–
BXC	Exit	BLUELINX HLDGS INC CMN	$0	–	-260,466	–	-1.21%	–
BLK	Exit	BLACKROCK, INC. CMN	$0	–	-20,000	–	-1.39%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-10,260	–	-1.80%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-55	–	-2.59%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-14,000	–	-4.12%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-249,610	–	-4.20%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-356,653	–	-15.24%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,458,168	–	-57.25%	–

Q3 2018

			Value		Shares		↓ Weighting
GOOG	Buy	ALPHABET INC. CMN CLASS C	$12,245,000	+9.6%	10,260	+2.5%	1.80%	+7.0%
BLK	New	BLACKROCK, INC. CMN	$9,427,000	–	20,000	–	1.39%	–
BXC	Buy	BLUELINX HLDGS INC CMN	$8,202,000	+585.2%	260,466	+716.5%	1.21%	+570.0%
ALXN	Sell	ALEXION PHARMACEUTICALS, INC. CMN	$5,977,000	-38.3%	43,000	-44.9%	0.88%	-39.8%
TSLA	Sell	TESLA, INC. CMN	$4,872,000	-63.1%	18,400	-52.2%	0.72%	-64.0%
	Buy	CORPORATE CAPITAL TRUST, INC.	$4,578,000	+193.1%	300,000	+200.0%	0.67%	+186.4%
BAC	Sell	BANK OF AMERICA CORP CMN	$4,419,000	-37.3%	150,000	-40.0%	0.65%	-38.8%
TSLA	Sell	PUT/TSLAput	$3,701,000	+17.0%	5,912	-13.8%	0.54%	+14.0%
AMRQQ	Buy	ALTA MESA RESOURCES INC	$3,563,000	+5.9%	852,546	+72.6%	0.52%	+3.4%
INBK	Sell	FIRST INTERNET BANCORP CMN	$3,262,000	-16.9%	107,120	-6.9%	0.48%	-18.9%
ESTE	Buy	EARTHSTONE ENERGY, INC. CMN CLASS A	$2,731,000	+6.5%	291,262	+0.5%	0.40%	+3.9%
FCBP	Sell	FIRST CHOICE BANCORP CMN	$2,208,000	-18.3%	81,502	-7.8%	0.32%	-20.1%
JPM	Sell	JPMORGAN CHASE & CO CMN	$1,693,000	-45.8%	15,000	-50.0%	0.25%	-47.1%
PTE	New	POLARITYTE, INC. CMN	$928,000	–	48,600	–	0.14%	–
SPRT	New	SUPPORT.COM INC	$763,000	–	263,256	–	0.11%	–
AJRD	Sell	AEROJET ROCKETDYNE HOLDINGS, INC CMN	$680,000	-69.0%	20,000	-73.2%	0.10%	-69.8%
GOOG	Buy	CALL/GOOGcall	$658,000	+32.7%	105	+5.0%	0.10%	+29.3%
AMRWW	Buy	WTS/ALTA MESA RES INC 11.5000 EXP04/27/2022call	$651,000	-37.2%	1,302,351	+75.8%	0.10%	-38.5%
ECR	Sell	ECLIPSE RESOURCES CORPORATION CMN	$610,000	-37.8%	512,676	-16.3%	0.09%	-39.2%
TA	New	TRAVELCENTERS OF AMERICA LLC	$602,000	–	105,700	–	0.09%	–
XLNX	Sell	CALL/XLNXcall	$557,000	+135.0%	700	-30.0%	0.08%	+127.8%
PHIIQ	New	PHI INC-VOTING	$518,000	–	57,584	–	0.08%	–
TWMC	New	TRANS WORLD ENTERTAINMENT CP	$471,000	–	496,297	–	0.07%	–
PEP	Buy	CALL/PEPcall	$413,000	+17.0%	1,500	+50.0%	0.06%	+15.1%
	New	CALL/SVXY1call	$403,000	–	1,060	–	0.06%	–
AEY	New	ADDVANTAGE TECHNOLOGIES GRP	$398,000	–	282,461	–	0.06%	–
BHF	Sell	BRIGHTHOUSE FINANCIAL INC	$342,000	-38.4%	7,740	-44.1%	0.05%	-40.5%
CBIO	New	CATALYST BIOSCIENCES, INC. CMN	$323,000	–	30,000	–	0.05%	–
SNFCA	Buy	SECURITY NATL FINL CORP-CL A CMN CLASS A	$285,000	+14.0%	55,028	+14.6%	0.04%	+10.5%
ALDX	New	ALDEYRA THERAPEUTICS, INC. CMN	$276,000	–	20,000	–	0.04%	–
ALJJ	Sell	ALJ REGIONAL HOLDINGS INC	$266,000	-44.1%	155,600	-37.9%	0.04%	-45.8%
FVE	New	FIVE STAR SENIOR LIVING INC	$239,000	–	278,580	–	0.04%	–
MSTR	New	MICROSTRATEGY INCORPORATED CMN CLASS A	$232,000	–	1,650	–	0.03%	–
KT	New	KT CORPORATION SPONSORED ADR CMN	$223,000	–	15,000	–	0.03%	–
UHAL	New	AMERCO	$213,000	–	600	–	0.03%	–
PKBK	Sell	PARKE BANCORP INC CMN	$205,000	-38.6%	9,114	-35.4%	0.03%	-40.0%
NICK	Sell	NICHOLAS FINANCIAL, INC. CMN	$201,000	-38.5%	17,046	-52.0%	0.03%	-38.8%
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$165,000	–	1,000	–	0.02%	–
IOTS	New	ADESTO TECHNOLOGIES CORP CMN	$137,000	–	23,000	–	0.02%	–
TISI	Sell	TEAM, INC. CMN	$125,000	-47.7%	5,550	-46.4%	0.02%	-50.0%
VOYA	New	VOYA FINANCIAL INC CMN	$124,000	–	2,500	–	0.02%	–
ETM	Buy	ENTERCOM COMMS. CORP CLASS A COMMON STOCK	$111,000	+40.5%	14,000	+33.3%	0.02%	+33.3%
MGY	New	MAGNOLIA OIL & GAS CORP CMN CLASS A	$100,000	–	6,644	–	0.02%	–
AL	New	AIR LEASE CORPORATION CMN	$92,000	–	2,000	–	0.01%	–
RCUS	Sell	ARCUS BIOSCIENCES, INC. CMN	$80,000	-77.7%	5,712	-80.5%	0.01%	-77.8%
EXFO	New	EXFO INC SUB VTG SHS	$56,000	–	14,800	–	0.01%	–
NWL	New	NEWELL BRANDS INC	$49,000	–	2,460	–	0.01%	–
LMB	New	LIMBACH HOLDINGS INC	$45,000	–	4,000	–	0.01%	–
LFACU	New	LF CAPITAL ACQUISITION CORP UNITother	$51,000	–	5,000	–	0.01%	–
JD	New	JD.COM INC-ADRspon adr cl a	$45,000	–	1,744	–	0.01%	–
OUT	New	OUTFRONT MEDIA INC	$51,000	–	2,570	–	0.01%	–
LRN	New	K12 INC	$35,000	–	2,000	–	0.01%	–
MTDR	Sell	MATADOR RES CO CMN	$33,000	-89.0%	1,000	-90.0%	0.01%	-88.9%
CNSL	New	CONSOLIDATED COMMUNICATIONS	$32,000	–	2,500	–	0.01%	–
OFG	New	OFG BANCORP	$32,000	–	2,000	–	0.01%	–
VEC	New	VECTRUS INC	$31,000	–	1,000	–	0.01%	–
UNM	New	UNUM GROUP	$31,000	–	800	–	0.01%	–
PHH	New	PHH CORP	$32,000	–	3,000	–	0.01%	–
UWN	New	NEVADA GOLD & CASINOS INC	$31,000	–	13,000	–	0.01%	–
TUR	New	ISHARES MSCI TURKEY ETFmsci turkey etf	$35,000	–	1,500	–	0.01%	–
CAPL	New	CROSSAMERICA PARTNERS LPut ltd ptn int	$27,000	–	1,500	–	0.00%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC	$28,000	–	10,000	–	0.00%	–
AE	New	ADAMS RESOURCES & ENERGY INC	$25,000	–	600	–	0.00%	–
CBLAQ	New	CBL & ASSOCIATES PROPERTIES	$25,000	–	6,321	–	0.00%	–
CINR	New	CINER RESOURCES LP	$27,000	–	1,000	–	0.00%	–
CCR	New	CONSOL COAL RESOURCES LP	$26,000	–	1,500	–	0.00%	–
DSWL	New	DESWELL INDUSTRIES INC	$28,000	–	8,000	–	0.00%	–
ELVT	New	ELEVATE CREDIT INC	$24,000	–	3,000	–	0.00%	–
ESND	New	ESSENDANT INC	$25,000	–	2,000	–	0.00%	–
	New	EXPRESS INC	$27,000	–	2,500	–	0.00%	–
BDL	New	FLANIGAN'S ENTERPRISES INC	$28,000	–	1,000	–	0.00%	–
GLP	New	GLOBAL PARTNERS LP	$27,000	–	1,500	–	0.00%	–
HVT	New	HAVERTY FURNITURE	$30,000	–	1,400	–	0.00%	–
ISIG	New	INSIGNIA SYSTEMS INC	$24,000	–	14,000	–	0.00%	–
JMP	New	JMP GROUP LLC	$26,000	–	5,000	–	0.00%	–
LEE	New	LEE ENTERPRISES	$26,000	–	10,000	–	0.00%	–
NATR	New	NATURES SUNSHINE PRODS INC	$26,000	–	3,000	–	0.00%	–
RCII	New	RENT-A-CENTER INC	$28,000	–	2,000	–	0.00%	–
RBCN	New	RUBICON TECHNOLOGY INC	$25,000	–	2,866	–	0.00%	–
SPWH	New	SPORTSMAN'S WAREHOUSE HOLDIN	$29,000	–	5,000	–	0.00%	–
TSRI	New	TSR INC	$28,000	–	4,000	–	0.00%	–
TWTR	New	TWITTER, INC. CMN	$28,000	–	1,000	–	0.00%	–
EGY	New	VAALCO ENERGY INC	$27,000	–	10,000	–	0.00%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$28,000	–	542	–	0.00%	–
WLKP	New	WESTLAKE CHEMICAL PARTNERS L	$27,000	–	1,100	–	0.00%	–
FNJN	New	FINJAN HOLDINGS INC	$21,000	–	5,000	–	0.00%	–
NWY	New	NEW YORK & CO	$19,000	–	5,000	–	0.00%	–
RLGY	New	REALOGY HOLDINGS CORP	$21,000	–	1,047	–	0.00%	–
CAF	New	MORGAN STANLEY CHINA A SHARE FUND, INC.	$21,000	–	1,000	–	0.00%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$20,000	–	1,000	–	0.00%	–
ZAGG	New	ZAGG INC	$23,000	–	1,600	–	0.00%	–
OIIM	New	O2MICRO INTERNATIONAL-ADRspons adr	$20,000	–	9,000	–	0.00%	–
STAF	New	STAFFING 360 SOLUTIONS INC	$20,000	–	10,000	–	0.00%	–
NXE	New	NEXGEN ENERGY LTD	$20,000	–	10,000	–	0.00%	–
EGO	New	ELDORADO GOLD CORP	$18,000	–	20,490	–	0.00%	–
OASPQ	Sell	OASIS PETROLEUM INC CMN	$14,000	-98.9%	1,000	-99.0%	0.00%	-99.0%
TGB	New	TASEKO MINES LTD	$12,000	–	16,000	–	0.00%	–
CLDPQ	New	CLOUD PEAK ENERGY INC	$11,000	–	5,000	–	0.00%	–
BORNY	New	CHINA NEW BORUN CORP-ADRadr	$14,000	–	11,760	–	0.00%	–
RFP	New	RESOLUTE FOREST PRODUCTS INC CMN	$13,000	–	1,000	–	0.00%	–
XPL	New	SOLITARIO ZINC CORP	$12,000	–	35,700	–	0.00%	–
BIF	New	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$13,000	–	1,200	–	0.00%	–
CREG	New	CHINA RECYCLING ENERGY CORP	$7,000	–	6,666	–	0.00%	–
GURE	New	GULF RESOURCES INC	$9,000	–	9,393	–	0.00%	–
SINO	New	SINO-GLOBAL SHIPPING AMERICA	$10,000	–	8,850	–	0.00%	–
CCNI	New	COMMAND CENTER, INC. CMN	$9,000	–	1,666	–	0.00%	–
CIDM	New	CINEDIGM CORP - A	$6,000	–	5,900	–	0.00%	–
UNG	New	PUT/UNGput	$4,000	–	15	–	0.00%	–
CBLAQ	New	CALL/CBLcall	$8,000	–	250	–	0.00%	–
BBDC	New	BARINGS BDC, INC.	$10,000	–	1,000	–	0.00%	–
WPG	New	WASHINGTON PRIME GROUP INC	$10,000	–	1,400	–	0.00%	–
MGYWS	New	WTS/MAGNOLIA OIL & GAS CORP 11.5000 EXP06/21/2022call	$10,000	–	2,214	–	0.00%	–
VVR	New	INVESCO SENIOR INCOME TRUST MUTUAL FUND	$9,000	–	2,200	–	0.00%	–
XON	New	INTREXON CORPORATION CMN	$6,000	–	350	–	0.00%	–
SSKN	New	STRATA SKIN SCIENCES INC	$0	–	249	–	0.00%	–
DXYN	New	DIXIE GROUP, INC. (THE) CMN CLASS A	$2,000	–	1,000	–	0.00%	–
VEACU	New	VANTAGE ENERGY ACQUISITION CORP. UNITother	$1,000	–	2	–	0.00%	–
HSGX	New	HISTOGENICS CORP CMN	$1,000	–	1,000	–	0.00%	–
LUB	New	LUBYS INC CMN STOCK CMN	$2,000	–	900	–	0.00%	–
FANH	New	PUT/FANHput	$1,000	–	4	–	0.00%	–
CGA	New	CHINA GREEN AGRICULTURE INC	$2,000	–	2,495	–	0.00%	–
AMS	New	AMERICAN SHARED HOSPITAL SER	$3,000	–	1,000	–	0.00%	–
TACO	New	DEL TACO RESTAURANTS INC CMN	$1,000	–	100	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$2,000	–	1,000	–	0.00%	–
STCN	Exit	MODUSLINK GLOBAL SOLUTIONS, INC CMN	$0	–	-10,000	–	-0.00%	–
CISN	Exit	CISION LTD CMN	$0	–	-12,181	–	-0.03%	–
GNW	Exit	GENWORTH FINANCIAL INC-CL A	$0	–	-40,000	–	-0.03%	–
VEACW	Exit	WTS/VANTAGE ENERGY ACQUISITION CORP. EXP04/12/2024call	$0	–	-166,666	–	-0.03%	–
VPG	Exit	VISHAY PRECISION GROUP INC CMN	$0	–	-6,000	–	-0.04%	–
BCML	Exit	BAYCOM CORP CMN	$0	–	-10,000	–	-0.04%	–
KAACW	Exit	WTS/KAYNE ANDERSON ACQUISITION CORP EXP06/30/2022call	$0	–	-221,865	–	-0.04%	–
BAM	Exit	BROOKFIELD ASSET MANAGEMENT INC. CMN	$0	–	-10,000	–	-0.06%	–
GBT	Exit	GLOBAL BLOOD THERAPEUTICS, INC. CMN	$0	–	-15,000	–	-0.10%	–
DIS	Exit	WALT DISNEY COMPANY (THE) CMN	$0	–	-7,100	–	-0.11%	–
FSACU	Exit	FEDERAL STREET ACQUISITION CORP. UNIT A76other	$0	–	-100,000	–	-0.15%	–
VXX	Exit	IPATH S&P 500 VIX SHORT-TERM FUTURES ETNetf	$0	–	-35,590	–	-0.20%	–
GCAP	Exit	GAIN CAPITAL HOLDINGS, INC. CMN	$0	–	-176,800	–	-0.20%	–
AAPL	Exit	CALL/AAPL @ 190 EXP 06/21/2019call	$0	–	-1,000	–	-0.23%	–
CLLS	Exit	CELLECTIS SA SPONSORED ADR CMN	$0	–	-60,000	–	-0.26%	–
ARGX	Exit	ARGENX SE SPONSORED ADR CMN	$0	–	-20,990	–	-0.26%	–
JCAP	Exit	JERNIGAN CAPITAL INC CMN	$0	–	-100,000	–	-0.29%	–
TKR	Exit	TIMKEN CO CMN	$0	–	-50,000	–	-0.33%	–
TRST	Exit	TRUSTCO BANK CORP NY CMN	$0	–	-260,000	–	-0.35%	–
WMT	Exit	WALMART INC CMN	$0	–	-28,737	–	-0.37%	–
TSLA	Exit	CALL/TSLA @ 380 EXP 09/21/2018call	$0	–	-996	–	-0.60%	–
GS	Exit	GOLDMAN SACHS GROUP, INC.(THE) CMN	$0	–	-40,000	–	-1.33%	–

Q2 2018

			Value		Shares		↓ Weighting
VOO	New	VANGUARD S&P 500 ETFetf	$363,827,000	–	1,458,168	–	54.83%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$96,753,000	–	356,653	–	14.58%	–
MSFT	New	MICROSOFT CORPORATION CMN	$24,614,000	–	249,610	–	3.71%	–
AMZN	New	AMAZON.COM INC CMN	$23,797,000	–	14,000	–	3.59%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$15,512,000	–	55	–	2.34%	–
TSLA	New	TESLA, INC. CMN	$13,215,000	–	38,534	–	1.99%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$11,168,000	–	10,010	–	1.68%	–
ALXN	New	ALEXION PHARMACEUTICALS, INC. CMN	$9,684,000	–	78,000	–	1.46%	–
AMAT	New	APPLIED MATERIALS INC CMN	$9,202,000	–	199,230	–	1.39%	–
GS	New	GOLDMAN SACHS GROUP, INC.(THE) CMN	$8,823,000	–	40,000	–	1.33%	–
BAC	New	BANK OF AMERICA CORP CMN	$7,048,000	–	250,000	–	1.06%	–
KRNY	New	KEARNY FINANCIAL CORP. CMN	$4,218,000	–	313,601	–	0.64%	–
TSLA	New	CALL/TSLA @ 380 EXP 09/21/2018call	$3,988,000	–	996	–	0.60%	–
INBK	New	FIRST INTERNET BANCORP CMN	$3,926,000	–	115,120	–	0.59%	–
AMRQQ	New	ALTA MESA RES INC CMN	$3,364,000	–	494,000	–	0.51%	–
TSLA	New	PUT/TSLA @ 250 EXP 08/17/2018put	$3,163,000	–	6,856	–	0.48%	–
JPM	New	JPMORGAN CHASE & CO CMN	$3,126,000	–	30,000	–	0.47%	–
FCBP	New	FIRST CHOICE BANCORP CMN	$2,702,000	–	88,400	–	0.41%	–
ESTE	New	EARTHSTONE ENERGY, INC. CMN CLASS A	$2,565,000	–	289,804	–	0.39%	–
WMT	New	WALMART INC CMN	$2,461,000	–	28,737	–	0.37%	–
TRST	New	TRUSTCO BANK CORP NY CMN	$2,314,000	–	260,000	–	0.35%	–
PEP	New	PEPSICO, INC. CMN	$2,286,000	–	21,000	–	0.34%	–
AJRD	New	AEROJET ROCKETDYNE HOLDINGS, INC CMN	$2,197,000	–	74,500	–	0.33%	–
TKR	New	TIMKEN CO CMN	$2,178,000	–	50,000	–	0.33%	–
JCAP	New	JERNIGAN CAPITAL INC CMN	$1,906,000	–	100,000	–	0.29%	–
ARGX	New	ARGENX SE SPONSORED ADR CMN	$1,739,000	–	20,990	–	0.26%	–
CLLS	New	CELLECTIS SA SPONSORED ADR CMN	$1,697,000	–	60,000	–	0.26%	–
BPRN	New	BANK OF PRINCETON (THE) CMN	$1,663,000	–	50,000	–	0.25%	–
CPRX	New	CATALYST PHARMACEUTICAL INC.CMN	$1,587,000	–	508,600	–	0.24%	–
	New	CORPORATE CAPITAL TRUST, INC.	$1,562,000	–	100,000	–	0.24%	–
AAPL	New	CALL/AAPL @ 190 EXP 06/21/2019call	$1,498,000	–	1,000	–	0.23%	–
BPMC	New	BLUEPRINT MEDICINES CORP CMN	$1,417,000	–	22,322	–	0.21%	–
GCAP	New	GAIN CAPITAL HOLDINGS, INC. CMN	$1,335,000	–	176,800	–	0.20%	–
VXX	New	IPATH S&P 500 VIX SHORT-TERM FUTURES ETNetf	$1,317,000	–	35,590	–	0.20%	–
OASPQ	New	OASIS PETROLEUM INC CMN	$1,297,000	–	100,000	–	0.20%	–
BOLD	New	AUDENTES THERAPEUTICS, INC. CMN	$1,196,000	–	31,300	–	0.18%	–
BXC	New	BLUELINX HLDGS INC CMN	$1,197,000	–	31,900	–	0.18%	–
RDI	New	READING INTERNATIONAL, INC. CMN CLASS A	$1,185,000	–	74,325	–	0.18%	–
AMRWW	New	WTS/ALTA MESA RES INC 11.5000 EXP04/27/2022call	$1,037,000	–	740,832	–	0.16%	–
FSACU	New	FEDERAL STREET ACQUISITION CORP. UNIT A76other	$1,010,000	–	100,000	–	0.15%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC. CMN	$995,000	–	10,560	–	0.15%	–
ECR	New	ECLIPSE RESOURCES CORPORATION CMN	$980,000	–	612,376	–	0.15%	–
EIRL	New	ISHARES MSCI IRELAND ETFetf	$919,000	–	19,411	–	0.14%	–
FGEN	New	FIBROGEN, INC. CMN	$883,000	–	14,100	–	0.13%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY CMN	$863,000	–	15,600	–	0.13%	–
DIS	New	WALT DISNEY COMPANY (THE) CMN	$744,000	–	7,100	–	0.11%	–
IRL	New	NEW IRELAND FUND INC MUTUAL FUND	$702,000	–	60,100	–	0.11%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$697,000	–	25,000	–	0.10%	–
GBT	New	GLOBAL BLOOD THERAPEUTICS, INC. CMN	$678,000	–	15,000	–	0.10%	–
XNCR	New	XENCOR, INC. CMN	$625,000	–	16,900	–	0.09%	–
TMCXU	New	TRINITY MERGER CORP. UNITother	$604,000	–	60,000	–	0.09%	–
QURE	New	UNIQURE NV CMN	$567,000	–	15,000	–	0.08%	–
BHF	New	BRIGHTHOUSE FINANCIAL INC	$555,000	–	13,840	–	0.08%	–
GOOG	New	CALL/GOOG @ 1300 EXP 06/21/2019call	$496,000	–	100	–	0.08%	–
ALJJ	New	ALJ REGIONAL HOLDINGS INC	$476,000	–	250,500	–	0.07%	–
SYBX	New	SYNLOGIC INC CMN	$442,000	–	45,000	–	0.07%	–
BAM	New	BROOKFIELD ASSET MANAGEMENT INC. CMN	$405,000	–	10,000	–	0.06%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL INC. CMN	$384,000	–	5,000	–	0.06%	–
XENE	New	XENON PHARMACEUTICALS INC. CMN	$368,000	–	40,000	–	0.06%	–
RCUS	New	ARCUS BIOSCIENCES INC CMN	$358,000	–	29,249	–	0.05%	–
PEP	New	CALL/PEP @ 125 EXP 01/17/2020call	$353,000	–	1,000	–	0.05%	–
PKBK	New	PARKE BANCORP INC CMN	$334,000	–	14,114	–	0.05%	–
LARK	New	LANDMARK BANCORP INC CMN	$330,000	–	11,576	–	0.05%	–
NICK	New	NICHOLAS FINANCIAL, INC. CMN	$327,000	–	35,546	–	0.05%	–
PE	New	PARSLEY ENERGY, INC. CMN	$303,000	–	10,000	–	0.05%	–
MTDR	New	MATADOR RES CO CMN	$301,000	–	10,000	–	0.04%	–
CMCSA	New	CALL/CMCSA @ 37.5 EXP 01/17/2020call	$280,000	–	1,000	–	0.04%	–
KAACW	New	WTS/KAYNE ANDERSON ACQUISITION CORP EXP06/30/2022call	$266,000	–	221,865	–	0.04%	–
PBPB	New	POTBELLY CORP CMN	$262,000	–	20,200	–	0.04%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$256,000	–	157,917	–	0.04%	–
SNFCA	New	SECURITY NATL FINL CORP-CL Acla new	$250,000	–	48,037	–	0.04%	–
BCML	New	BAYCOM CORP CMN	$248,000	–	10,000	–	0.04%	–
XLNX	New	CALL/XLNX @ 75 EXP 01/18/2019call	$237,000	–	1,000	–	0.04%	–
TISI	New	TEAM, INC. CMN	$239,000	–	10,350	–	0.04%	–
VPG	New	VISHAY PRECISION GROUP INC CMN	$229,000	–	6,000	–	0.04%	–
LBC	New	LUTHER BURBANK CORPORATION CMN	$205,000	–	17,831	–	0.03%	–
GHC	New	GRAHAM HOLDINGS CO CMN	$205,000	–	350	–	0.03%	–
GEMP	New	GEMPHIRE THERAPEUTICS INC CMN	$204,000	–	20,000	–	0.03%	–
MAYS	New	MAYS J.W. INC CMN	$201,000	–	5,000	–	0.03%	–
VEACW	New	WTS/VANTAGE ENERGY ACQUISITION CORP. EXP04/12/2024call	$183,000	–	166,666	–	0.03%	–
CISN	New	CISION LTD CMN	$182,000	–	12,181	–	0.03%	–
GNW	New	GENWORTH FINANCIAL INC-CL A	$180,000	–	40,000	–	0.03%	–
APWC	New	ASIA PACIFIC WIRE & CABLE CORP CMN	$145,000	–	55,843	–	0.02%	–
JAG	New	JAGGED PEAK ENERGY INC. CMN	$130,000	–	10,000	–	0.02%	–
LPI	New	LAREDO PETROLEUM INC. CMN	$96,000	–	10,000	–	0.01%	–
ETM	New	ENTERCOM COMMS. CORP CLASS A COMMON STOCK	$79,000	–	10,500	–	0.01%	–
AREXQ	New	APPROACH RESOURCES INC. CMN	$24,000	–	10,000	–	0.00%	–
STCN	New	MODUSLINK GLOBAL SOLUTIONS, INC CMN	$22,000	–	10,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
ELECW	Exit	WTS/ELECTRUM SPL ACQUISITION C EXP12/31/2020call	$0	–	-35,000	–	-0.00%	–
MLNK	Exit	MODUSLINK GLOBAL SOLUTIONS, INC CMN	$0	–	-10,000	–	-0.00%	–
TCAP	Exit	TRIANGLE CAPITAL CORPORATION MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
AREXQ	Exit	APPROACH RESOURCES INC. CMN	$0	–	-10,000	–	-0.00%	–
MSN	Exit	EMERSON RADIO CORP CMN	$0	–	-47,740	–	-0.01%	–
LQDT	Exit	LIQUIDITY SERVICES INC CMN	$0	–	-15,000	–	-0.01%	–
NICK	Exit	NICHOLAS FINANCIAL, INC. CMN	$0	–	-11,946	–	-0.01%	–
CISNWS	Exit	WTS/CISION LTD 11.5000 EXP10/19/2020call	$0	–	-46,850	–	-0.02%	–
KAACW	Exit	WTS/KAYNE ANDERSON ACQUISITION CORP EXP06/30/2022call	$0	–	-221,865	–	-0.02%	–
APWC	Exit	ASIA PACIFIC WIRE & CABLE CORP CMN	$0	–	-57,769	–	-0.02%	–
TCRD	Exit	THL CREDIT INC MUTUAL FUND	$0	–	-21,964	–	-0.02%	–
AGN	Exit	ALLERGAN PLC CMN	$0	–	-1,000	–	-0.02%	–
VEACW	Exit	WTS/VANTAGE ENERGY ACQUISITION CORP. EXP04/12/2024call	$0	–	-166,666	–	-0.02%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-1,000	–	-0.02%	–
HTM	Exit	U S GEOTHERMAL INC CMN	$0	–	-68,366	–	-0.03%	–
PKBK	Exit	PARKE BANCORP INC CMN	$0	–	-13,197	–	-0.03%	–
KAACU	Exit	KAYNE ANDERSON ACQUISITION CORP. CORPother	$0	–	-30,928	–	-0.04%	–
LARK	Exit	LANDMARK BANCORP INC CMN	$0	–	-11,025	–	-0.04%	–
MTEX	Exit	MANNATEC, INC. CMN	$0	–	-23,469	–	-0.04%	–
SRUNW	Exit	WTS/SILVER RUN ACQUISITION CORPORATION II EXP12/31/2022call	$0	–	-351,266	–	-0.06%	–
IRL	Exit	NEW IRELAND FUND INC MUTUAL FUND	$0	–	-45,075	–	-0.07%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-25,000	–	-0.07%	–
XLNX	Exit	CALL/XLNX @ 75 EXP 01/18/2019call	$0	–	-1,000	–	-0.08%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$0	–	-72,106	–	-0.08%	–
FB	Exit	CALL/FB @ 170 EXP 06/15/2018call	$0	–	-500	–	-0.09%	–
EIRL	Exit	ISHARES MSCI IRELAND CAPPED ETFetf	$0	–	-19,411	–	-0.10%	–
FSACU	Exit	FEDERAL STREET ACQUISITION CORP. UNITother	$0	–	-100,000	–	-0.12%	–
SVXY	Exit	PUT/SVXY @ 60 EXP 12/15/2017put	$0	–	-11,000	–	-0.17%	–
TSLA	Exit	PUT/TSLA @ 200 EXP 01/18/2019put	$0	–	-1,600	–	-0.21%	–
AMGN	Exit	AMGEN INC. CMN	$0	–	-10,000	–	-0.21%	–
TRST	Exit	TRUSTCO BANK CORP NY CMN	$0	–	-260,000	–	-0.26%	–
PEP	Exit	PEPSICO INC CMN	$0	–	-21,000	–	-0.27%	–
INBK	Exit	FIRST INTERNET BANCORP CMN	$0	–	-100,000	–	-0.37%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-150,000	–	-0.43%	–
AABA	Exit	ALTABA INC. CLOSE ENDED FUND	$0	–	-60,000	–	-0.45%	–
VEAC	Exit	VANTAGE ENERGY ACQUISITION CORP. CMN	$0	–	-499,998	–	-0.56%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-60,000	–	-0.65%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-6,000	–	-0.66%	–
KAAC	Exit	KAYNE ANDERSON ACQUISITN CORP CMN	$0	–	-665,595	–	-0.74%	–
SRUN	Exit	SILVER RUN ACQUISITION CORPORATION II CMN CLASS A	$0	–	-1,003,698	–	-1.17%	–
AMAT	Exit	APPLIED MATERIALS INC CMN	$0	–	-199,230	–	-1.18%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-12,000	–	-1.32%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-180,000	–	-1.53%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-55	–	-1.72%	–
SVXY	Exit	CALL/SVXY @ 20 EXP 01/19/2018call	$0	–	-4,000	–	-3.36%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,519,818	–	-40.02%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-1,523,471	–	-43.67%	–

Q3 2017

			Value		Shares		↓ Weighting
VOO	Sell	VANGUARD S&P 500 ETFetf	$350,713,000	-0.0%	1,519,818	-3.8%	40.02%	+5.9%
SVXY	Buy	CALL/SVXY @ 20 EXP 01/19/2018call	$29,490,000	+22.6%	4,000	+100.0%	3.36%	+29.8%
MSFT	Sell	MICROSOFT CORPORATION CMN	$13,408,000	-2.7%	180,000	-10.0%	1.53%	+3.0%
AMZN	Sell	AMAZON.COM INC CMN	$11,536,000	-40.4%	12,000	-40.0%	1.32%	-36.9%
SRUN	Sell	SILVER RUN ACQUISITION CORPORATION II CMN CLASS A	$10,218,000	-4.3%	1,003,698	-4.8%	1.17%	+1.4%
KAAC	New	KAYNE ANDERSON ACQUISITN CORP CMN	$6,490,000	–	665,595	–	0.74%	–
GOOG	Sell	ALPHABET INC. CMN CLASS C	$5,755,000	-63.8%	6,000	-65.7%	0.66%	-61.7%
AABA	New	ALTABA INC. CLOSE ENDED FUND	$3,974,000	–	60,000	–	0.45%	–
INBK	New	FIRST INTERNET BANCORP CMN	$3,230,000	–	100,000	–	0.37%	–
TSLA	Sell	PUT/TSLA @ 200 EXP 01/18/2019put	$1,824,000	-30.2%	1,600	-15.8%	0.21%	-26.2%
SVXY	Buy	PUT/SVXY @ 60 EXP 12/15/2017put	$1,472,000	+38.2%	11,000	+633.3%	0.17%	+46.1%
FSACU	New	FEDERAL STREET ACQUISITION CORP. UNITother	$1,027,000	–	100,000	–	0.12%	–
MTEX	Buy	MANNATEC, INC. CMN	$340,000	+36.0%	23,469	+46.6%	0.04%	+44.4%
KAACU	Sell	KAYNE ANDERSON ACQUISITION CORP. CORPother	$309,000	-95.4%	30,928	-95.4%	0.04%	-95.1%
APWC	Buy	ASIA PACIFIC WIRE & CABLE CORP CMN	$173,000	+13.8%	57,769	+14.1%	0.02%	+25.0%
KAACW	New	WTS/KAYNE ANDERSON ACQUISITION CORP EXP06/30/2022call	$166,000	–	221,865	–	0.02%	–
CISNWS	New	WTS/CISION LTD 11.5000 EXP10/19/2020call	$138,000	–	46,850	–	0.02%	–
AREXQ	New	APPROACH RESOURCES INC. CMN	$25,000	–	10,000	–	0.00%	–
ELECW	Sell	WTS/ELECTRUM SPL ACQUISITION C EXP12/31/2020call	$11,000	-38.9%	35,000	-30.0%	0.00%	-50.0%
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-900	–	0.00%	–
TACO	Exit	DEL TACO RESTAURANTS INC CMN	$0	–	-100	–	0.00%	–
FLL	Exit	FULL HOUSE RESORTS CMN	$0	–	-1,216	–	0.00%	–
DXYN	Exit	DIXIE GROUP, INC. (THE) CMN CLASS A	$0	–	-1,000	–	0.00%	–
HSGX	Exit	HISTOGENICS CORP CMN	$0	–	-1,000	–	0.00%	–
KEM	Exit	KEMET CORPORATION CMN	$0	–	-100	–	0.00%	–
VEACU	Exit	VANTAGE ENERGY ACQUISITION CORP. UNITother	$0	–	-2	–	0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	0.00%	–
RFP	Exit	RESOLUTE FOREST PRODUCTS INC CMN	$0	–	-1,000	–	0.00%	–
ARLZ	Exit	ARALEZ PHARMACEUTICALS INC. CMN	$0	–	-1,076	–	0.00%	–
OCN	Exit	OCWEN FINANCIAL CORPORATION CMN	$0	–	-1,000	–	0.00%	–
SRUNU	Exit	SILVER RUN ACQUISITION CORPORATION II UNITother	$0	–	-2	–	0.00%	–
APT	Exit	ALPHA PRO TECH LTD CMN	$0	–	-3,400	–	-0.00%	–
CUO	Exit	CONTINENTAL MATERIALS CORP CMN	$0	–	-300	–	-0.00%	–
XON	Exit	INTREXON CORP CMN	$0	–	-350	–	-0.00%	–
RGLD	Exit	ROYAL GOLD, INC. CMN	$0	–	-100	–	-0.00%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-4,845	–	-0.00%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP MUTUAL FUND	$0	–	-1,405	–	-0.00%	–
HTGC	Exit	HERCULES CAPITAL INC .	$0	–	-1,000	–	-0.00%	–
VOLT	Exit	VOLT INFO SCIENCES, INC. CMN	$0	–	-1,203	–	-0.00%	–
CDEV	Exit	CENTENNIAL RESOURCE DEV INC CMN	$0	–	-1,125	–	-0.00%	–
TCPC	Exit	TCP CAP CORP MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
DDE	Exit	DOVER DOWNS GAMING & ENTMT INC CMN	$0	–	-16,157	–	-0.00%	–
PKE	Exit	PARK ELECTROCHEMICAL CRP CMN	$0	–	-1,000	–	-0.00%	–
NMFC	Exit	NEW MOUNTAIN FINANCE CORP MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
NSM	Exit	NATIONSTAR MTG HLDGS INC CMN	$0	–	-1,000	–	-0.00%	–
HBIO	Exit	HARVARD BIOSCIENCE INC CMN	$0	–	-6,200	–	-0.00%	–
CAF	Exit	MORGAN STANLEY CHINA A SHARE FUND, INC.	$0	–	-1,000	–	-0.00%	–
MRVC	Exit	MRV COMMUNICATIONS, INC. CMN	$0	–	-1,800	–	-0.00%	–
BCOR	Exit	BLUCORA INC CMN	$0	–	-1,000	–	-0.00%	–
HTLF	Exit	HEARTLAND FINL USA INC CMN	$0	–	-326	–	-0.00%	–
DCOM	Exit	DIME COMMUNITY BANCSHARES CMN	$0	–	-1,237	–	-0.00%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.00%	–
SFE	Exit	SAFEGUARD SCIENTIFICS INC CMN	$0	–	-2,800	–	-0.00%	–
NOV	Exit	NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN	$0	–	-1,000	–	-0.00%	–
TPGEU	Exit	TPG PACE ENERGY HOLDINGS CORPother	$0	–	-6,644	–	-0.01%	–
ACLS	Exit	AXCELIS TECHNOLOGIES INC CMN	$0	–	-3,379	–	-0.01%	–
ESNT	Exit	ESSENT GROUP LTD. CMN	$0	–	-2,000	–	-0.01%	–
GILD	Exit	GILEAD SCIENCES CMN	$0	–	-1,010	–	-0.01%	–
PFLT	Exit	PENNANTPARK FLOATING RATE CAP LTD	$0	–	-6,245	–	-0.01%	–
LORL	Exit	LORAL SPACE &COMMUNICATION INC. CMN	$0	–	-1,957	–	-0.01%	–
IWM	Exit	PUT/IWM @ 135 EXP 07/21/2017put	$0	–	-2,000	–	-0.01%	–
GFED	Exit	GUARANTY FEDERAL BANCSHARES INC	$0	–	-5,000	–	-0.01%	–
SLRC	Exit	SOLAR CAPITAL LTD. MUTUAL FUND	$0	–	-5,000	–	-0.01%	–
CFFI	Exit	C&F FINANCIAL CORP CMN	$0	–	-2,303	–	-0.01%	–
EXPR	Exit	EXPRESS, INC. CMN	$0	–	-16,000	–	-0.01%	–
CSWC	Exit	CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	$0	–	-7,477	–	-0.01%	–
DRAD	Exit	DIGIRAD CORPORATION CMN	$0	–	-30,000	–	-0.01%	–
XLF	Exit	THE FINANCIAL SELECT SECTOR SPDR FUNDetf	$0	–	-5,000	–	-0.01%	–
WSTG	Exit	WAYSIDE TECHNOLOGY GROUP, INC CMN	$0	–	-9,208	–	-0.02%	–
JMP	Exit	JMP GROUP LLC. CMN	$0	–	-34,174	–	-0.02%	–
GEC	Exit	GREAT ELM CAPITAL GROUP, INC. CMN CLASS	$0	–	-55,166	–	-0.02%	–
WBS	Exit	WEBSTER FINANCIAL CORP CMN	$0	–	-3,500	–	-0.02%	–
GME	Exit	GAMESTOP CORP CMN CLASS A	$0	–	-9,120	–	-0.02%	–
RLGT	Exit	RADIANT LOGISTICS INC CMN	$0	–	-36,410	–	-0.02%	–
PNK	Exit	PINNACLE ENTERTAINMENT INC. CMN	$0	–	-10,400	–	-0.02%	–
CMO	Exit	CAPSTEAD MORTGAGE CORPORATION CMN	$0	–	-20,000	–	-0.02%	–
CIO	Exit	CITY OFFICE REIT, INC. CMN	$0	–	-18,600	–	-0.02%	–
GIM	Exit	TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	$0	–	-40,000	–	-0.03%	–
CUNB	Exit	CU BANCORP CMN	$0	–	-7,397	–	-0.03%	–
PEP	Exit	CALL/PEP @ 120 EXP 01/18/2019call	$0	–	-500	–	-0.03%	–
CSWI	Exit	CSW INDUSTRIALS, INC. CMN	$0	–	-7,477	–	-0.03%	–
AMS	Exit	AMERICAN SHARED HOSP SVCS CMN	$0	–	-75,058	–	-0.03%	–
GNW	Exit	GENWORTH FINANCIAL INC CMN CLASS A	$0	–	-80,600	–	-0.03%	–
FTV	Exit	FORTIVE CORPORATION CMN	$0	–	-5,000	–	-0.03%	–
AJX	Exit	GREAT AJAX CORP CMN	$0	–	-25,000	–	-0.04%	–
TPH	Exit	TRI POINTE GROUP INC CMN	$0	–	-30,000	–	-0.04%	–
FCCO	Exit	FIRST CMNTY CORP S C CMN	$0	–	-19,301	–	-0.04%	–
VDTH	Exit	VIDEOCON D2H LIMITED ADR CMN	$0	–	-50,000	–	-0.05%	–
ELEC	Exit	ELECTRUM SPL ACQUISITION CORP CMN	$0	–	-50,000	–	-0.05%	–
MRLN	Exit	MARLIN BUSINESS SERVICES CORP. CMN	$0	–	-21,400	–	-0.06%	–
TOL	Exit	TOLL BROTHERS, INC. CMN	$0	–	-24,231	–	-0.10%	–
EARN	Exit	ELLINGTON RESIDENTIAL MORT REIT CMN	$0	–	-86,225	–	-0.14%	–
GBDC	Exit	GOLUB CAPITAL BDC LLC MUTUAL FUND	$0	–	-80,527	–	-0.17%	–
FB	Exit	FACEBOOK, INC. CMN CLASS A	$0	–	-20,000	–	-0.32%	–
VIRT	Exit	VIRTU FINANCIAL, INC. CMN CLASS A	$0	–	-222,481	–	-0.42%	–
MTG	Exit	MGIC INVESTMENT CORP COMMON STOCK	$0	–	-439,300	–	-0.53%	–
VST	Exit	VISTRA ENERGY CORP. CMN	$0	–	-375,000	–	-0.68%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$0	–	-380,756	–	-3.80%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$368,375,000	–	1,523,471	–	39.70%	–
VOO	New	VANGUARD S&P 500 ETFetf	$350,814,000	–	1,579,818	–	37.80%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$35,285,000	–	380,756	–	3.80%	–
SVXY	New	CALL/SVXY @ 40 EXP 01/19/2018call	$24,055,000	–	2,000	–	2.59%	–
AMZN	New	AMAZON.COM INC CMN	$19,360,000	–	20,000	–	2.09%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$15,903,000	–	17,500	–	1.71%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$14,009,000	–	55	–	1.51%	–
MSFT	New	MICROSOFT CORPORATION CMN	$13,786,000	–	200,000	–	1.49%	–
SRUN	New	SILVER RUN ACQUISITION CORPORATION II CMN CLASS A	$10,675,000	–	1,053,798	–	1.15%	–
AMAT	New	APPLIED MATERIALS INC CMN	$8,230,000	–	199,230	–	0.89%	–
KAACU	New	KAYNE ANDERSON ACQUISITION CORP. CORPother	$6,656,000	–	665,597	–	0.72%	–
VST	New	VISTRA ENERGY CORP. CMN	$6,296,000	–	375,000	–	0.68%	–
JPM	New	JPMORGAN CHASE & CO CMN	$5,484,000	–	60,000	–	0.59%	–
MTG	New	MGIC INVESTMENT CORP COMMON STOCK	$4,920,000	–	439,300	–	0.53%	–
VEAC	New	VANTAGE ENERGY ACQUISITION CORP. CMN	$4,875,000	–	499,998	–	0.52%	–
VIRT	New	VIRTU FINANCIAL, INC. CMN CLASS A	$3,927,000	–	222,481	–	0.42%	–
BAC	New	BANK OF AMERICA CORP CMN	$3,639,000	–	150,000	–	0.39%	–
FB	New	FACEBOOK, INC. CMN CLASS A	$3,020,000	–	20,000	–	0.32%	–
TSLA	New	PUT/TSLA @ 200 EXP 01/18/2019put	$2,613,000	–	1,900	–	0.28%	–
PEP	New	PEPSICO INC CMN	$2,425,000	–	21,000	–	0.26%	–
TRST	New	TRUSTCO BANK CORP NY CMN	$2,015,000	–	260,000	–	0.22%	–
AMGN	New	AMGEN INC. CMN	$1,722,000	–	10,000	–	0.19%	–
GBDC	New	GOLUB CAPITAL BDC LLC MUTUAL FUND	$1,540,000	–	80,527	–	0.17%	–
EARN	New	ELLINGTON RESIDENTIAL MORT REIT CMN	$1,264,000	–	86,225	–	0.14%	–
SVXY	New	PUT/SVXY @ 100 EXP 01/19/2018put	$1,065,000	–	1,500	–	0.12%	–
TOL	New	TOLL BROTHERS, INC. CMN	$957,000	–	24,231	–	0.10%	–
EIRL	New	ISHARES MSCI IRELAND CAPPED ETFetf	$845,000	–	19,411	–	0.09%	–
BIF	New	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$700,000	–	72,106	–	0.08%	–
SRUNW	New	WTS/SILVER RUN ACQUISITION CORPORATION II EXP12/31/2022call	$630,000	–	351,266	–	0.07%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$623,000	–	25,000	–	0.07%	–
IRL	New	NEW IRELAND FUND INC MUTUAL FUND	$623,000	–	45,075	–	0.07%	–
MRLN	New	MARLIN BUSINESS SERVICES CORP. CMN	$538,000	–	21,400	–	0.06%	–
ELEC	New	ELECTRUM SPL ACQUISITION CORP CMN	$505,000	–	50,000	–	0.05%	–
XLNX	New	CALL/XLNX @ 75 EXP 01/18/2019call	$480,000	–	1,000	–	0.05%	–
VDTH	New	VIDEOCON D2H LIMITED ADR CMN	$487,000	–	50,000	–	0.05%	–
FB	New	CALL/FB @ 170 EXP 06/15/2018call	$415,000	–	500	–	0.04%	–
FCCO	New	FIRST CMNTY CORP S C CMN	$405,000	–	19,301	–	0.04%	–
TPH	New	TRI POINTE GROUP INC CMN	$396,000	–	30,000	–	0.04%	–
AJX	New	GREAT AJAX CORP CMN	$350,000	–	25,000	–	0.04%	–
LARK	New	LANDMARK BANCORP INC CMN	$331,000	–	11,025	–	0.04%	–
HTM	New	U S GEOTHERMAL INC CMN	$314,000	–	68,366	–	0.03%	–
FTV	New	FORTIVE CORPORATION CMN	$317,000	–	5,000	–	0.03%	–
GNW	New	GENWORTH FINANCIAL INC CMN CLASS A	$304,000	–	80,600	–	0.03%	–
PKBK	New	PARKE BANCORP INC CMN	$296,000	–	13,197	–	0.03%	–
AMS	New	AMERICAN SHARED HOSP SVCS CMN	$293,000	–	75,058	–	0.03%	–
CSWI	New	CSW INDUSTRIALS, INC. CMN	$289,000	–	7,477	–	0.03%	–
PEP	New	CALL/PEP @ 120 EXP 01/18/2019call	$281,000	–	500	–	0.03%	–
GIM	New	TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	$269,000	–	40,000	–	0.03%	–
CUNB	New	CU BANCORP CMN	$267,000	–	7,397	–	0.03%	–
MTEX	New	MANNATEC, INC. CMN	$250,000	–	16,014	–	0.03%	–
AGN	New	ALLERGAN PLC CMN	$243,000	–	1,000	–	0.03%	–
CIO	New	CITY OFFICE REIT, INC. CMN	$236,000	–	18,600	–	0.02%	–
TCRD	New	THL CREDIT INC MUTUAL FUND	$219,000	–	21,964	–	0.02%	–
CMO	New	CAPSTEAD MORTGAGE CORPORATION CMN	$209,000	–	20,000	–	0.02%	–
VEACW	New	WTS/VANTAGE ENERGY ACQUISITION CORP. EXP04/12/2024call	$208,000	–	166,666	–	0.02%	–
PNK	New	PINNACLE ENTERTAINMENT INC. CMN	$206,000	–	10,400	–	0.02%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$199,000	–	1,000	–	0.02%	–
RLGT	New	RADIANT LOGISTICS INC CMN	$196,000	–	36,410	–	0.02%	–
GME	New	GAMESTOP CORP CMN CLASS A	$197,000	–	9,120	–	0.02%	–
GEC	New	GREAT ELM CAPITAL GROUP, INC. CMN CLASS	$188,000	–	55,166	–	0.02%	–
JMP	New	JMP GROUP LLC. CMN	$187,000	–	34,174	–	0.02%	–
WBS	New	WEBSTER FINANCIAL CORP CMN	$183,000	–	3,500	–	0.02%	–
WSTG	New	WAYSIDE TECHNOLOGY GROUP, INC CMN	$178,000	–	9,208	–	0.02%	–
APWC	New	ASIA PACIFIC WIRE & CABLE CORP CMN	$152,000	–	50,630	–	0.02%	–
DRAD	New	DIGIRAD CORPORATION CMN	$122,000	–	30,000	–	0.01%	–
CSWC	New	CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	$120,000	–	7,477	–	0.01%	–
XLF	New	THE FINANCIAL SELECT SECTOR SPDR FUNDetf	$123,000	–	5,000	–	0.01%	–
EXPR	New	EXPRESS, INC. CMN	$108,000	–	16,000	–	0.01%	–
CFFI	New	C&F FINANCIAL CORP CMN	$108,000	–	2,303	–	0.01%	–
NICK	New	NICHOLAS FINANCIAL, INC. CMN	$110,000	–	11,946	–	0.01%	–
SLRC	New	SOLAR CAPITAL LTD. MUTUAL FUND	$109,000	–	5,000	–	0.01%	–
GFED	New	GUARANTY FEDERAL BANCSHARES INC	$101,000	–	5,000	–	0.01%	–
IWM	New	PUT/IWM @ 135 EXP 07/21/2017put	$97,000	–	2,000	–	0.01%	–
LQDT	New	LIQUIDITY SERVICES INC CMN	$95,000	–	15,000	–	0.01%	–
PFLT	New	PENNANTPARK FLOATING RATE CAP LTD	$88,000	–	6,245	–	0.01%	–
LORL	New	LORAL SPACE &COMMUNICATION INC. CMN	$81,000	–	1,957	–	0.01%	–
ESNT	New	ESSENT GROUP LTD. CMN	$74,000	–	2,000	–	0.01%	–
ACLS	New	AXCELIS TECHNOLOGIES INC CMN	$71,000	–	3,379	–	0.01%	–
GILD	New	GILEAD SCIENCES CMN	$71,000	–	1,010	–	0.01%	–
MSN	New	EMERSON RADIO CORP CMN	$66,000	–	47,740	–	0.01%	–
TPGEU	New	TPG PACE ENERGY HOLDINGS CORPother	$69,000	–	6,644	–	0.01%	–
NOV	New	NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN	$33,000	–	1,000	–	0.00%	–
SFE	New	SAFEGUARD SCIENTIFICS INC CMN	$33,000	–	2,800	–	0.00%	–
DCOM	New	DIME COMMUNITY BANCSHARES CMN	$24,000	–	1,237	–	0.00%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$27,000	–	542	–	0.00%	–
NSM	New	NATIONSTAR MTG HLDGS INC CMN	$18,000	–	1,000	–	0.00%	–
BCOR	New	BLUCORA INC CMN	$21,000	–	1,000	–	0.00%	–
TCPC	New	TCP CAP CORP MUTUAL FUND	$17,000	–	1,000	–	0.00%	–
CAF	New	MORGAN STANLEY CHINA A SHARE FUND, INC.	$22,000	–	1,000	–	0.00%	–
CDEV	New	CENTENNIAL RESOURCE DEV INC CMN	$18,000	–	1,125	–	0.00%	–
MLNK	New	MODUSLINK GLOBAL SOLUTIONS, INC CMN	$17,000	–	10,000	–	0.00%	–
MRVC	New	MRV COMMUNICATIONS, INC. CMN	$18,000	–	1,800	–	0.00%	–
DDE	New	DOVER DOWNS GAMING & ENTMT INC CMN	$18,000	–	16,157	–	0.00%	–
TCAP	New	TRIANGLE CAPITAL CORPORATION MUTUAL FUND	$18,000	–	1,000	–	0.00%	–
HBIO	New	HARVARD BIOSCIENCE INC CMN	$16,000	–	6,200	–	0.00%	–
PKE	New	PARK ELECTROCHEMICAL CRP CMN	$18,000	–	1,000	–	0.00%	–
HTLF	New	HEARTLAND FINL USA INC CMN	$15,000	–	326	–	0.00%	–
ELECW	New	WTS/ELECTRUM SPL ACQUISITION C EXP12/31/2020call	$18,000	–	50,000	–	0.00%	–
NMFC	New	NEW MOUNTAIN FINANCE CORP MUTUAL FUND	$15,000	–	1,000	–	0.00%	–
PNNT	New	PENNANTPARK INVESTMENT CORP MUTUAL FUND	$10,000	–	1,405	–	0.00%	–
RGLD	New	ROYAL GOLD, INC. CMN	$8,000	–	100	–	0.00%	–
XON	New	INTREXON CORP CMN	$8,000	–	350	–	0.00%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$6,000	–	4,845	–	0.00%	–
HTGC	New	HERCULES CAPITAL INC .	$13,000	–	1,000	–	0.00%	–
APT	New	ALPHA PRO TECH LTD CMN	$10,000	–	3,400	–	0.00%	–
VOLT	New	VOLT INFO SCIENCES, INC. CMN	$5,000	–	1,203	–	0.00%	–
CUO	New	CONTINENTAL MATERIALS CORP CMN	$6,000	–	300	–	0.00%	–
FLL	New	FULL HOUSE RESORTS CMN	$3,000	–	1,216	–	0.00%	–
SRUNU	New	SILVER RUN ACQUISITION CORPORATION II UNITother	$1,000	–	2	–	0.00%	–
KEM	New	KEMET CORPORATION CMN	$1,000	–	100	–	0.00%	–
OCN	New	OCWEN FINANCIAL CORPORATION CMN	$3,000	–	1,000	–	0.00%	–
DXYN	New	DIXIE GROUP, INC. (THE) CMN CLASS A	$4,000	–	1,000	–	0.00%	–
LUB	New	LUBYS INC CMN STOCK CMN	$3,000	–	900	–	0.00%	–
TACO	New	DEL TACO RESTAURANTS INC CMN	$1,000	–	100	–	0.00%	–
RFP	New	RESOLUTE FOREST PRODUCTS INC CMN	$4,000	–	1,000	–	0.00%	–
ARLZ	New	ARALEZ PHARMACEUTICALS INC. CMN	$1,000	–	1,076	–	0.00%	–
HSGX	New	HISTOGENICS CORP CMN	$2,000	–	1,000	–	0.00%	–
VEACU	New	VANTAGE ENERGY ACQUISITION CORP. UNITother	$1,000	–	2	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$2,000	–	1,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
GNVC	Exit	GENVEC INC CMN	$0	–	-11,800	–	-0.00%	–
MLNK	Exit	MODUSLINK GLOBAL SOLUTIONS, IN*C CMN	$0	–	-10,000	–	-0.00%	–
DDE	Exit	DOVER DOWNS GAMING & ENTMT INC CMN	$0	–	-16,157	–	-0.00%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.00%	–
ARIS	Exit	ARI NETWORK SERVICES INC (NEW) CMN	$0	–	-12,200	–	-0.01%	–
GEC	Exit	GREAT ELM CAPITAL GROUP INC CMN	$0	–	-16,666	–	-0.01%	–
RLGT	Exit	RADIANT LOGISTICS INC CMN	$0	–	-36,410	–	-0.01%	–
PNK	Exit	PINNACLE ENTERTAINMENT INC. CMN	$0	–	-10,400	–	-0.02%	–
DRAD	Exit	DIGIRAD CORPORATION CMN	$0	–	-30,000	–	-0.02%	–
CMO	Exit	CAPSTEAD MORTGAGE CORPORATION CMN	$0	–	-20,000	–	-0.02%	–
JMP	Exit	JMP GROUP LLC. CMN	$0	–	-34,174	–	-0.02%	–
TCRD	Exit	THL CREDIT INC MUTUAL FUND	$0	–	-21,964	–	-0.03%	–
AGN	Exit	ALLERGAN PLC CMN	$0	–	-1,000	–	-0.03%	–
AMS	Exit	AMERICAN SHARED HOSP SVCS CMN	$0	–	-75,058	–	-0.03%	–
CIO	Exit	CITY OFFICE REIT, INC. CMN	$0	–	-18,600	–	-0.03%	–
CORR	Exit	CORENERGY INFRASTRUCTURE TRUST INC. CMN	$0	–	-8,000	–	-0.03%	–
CSWI	Exit	CSW INDUSTRIALS, INC. CMN	$0	–	-7,477	–	-0.03%	–
FTV	Exit	FORTIVE CORPORATION CMN	$0	–	-5,000	–	-0.03%	–
GIM	Exit	TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	$0	–	-40,000	–	-0.03%	–
EXPD	Exit	EXPEDITORS INTL WASH INC CMN	$0	–	-5,000	–	-0.03%	–
LARK	Exit	LANDMARK BANCORP INC CMN	$0	–	-10,500	–	-0.04%	–
FCCO	Exit	FIRST CMNTY CORP S C CMN	$0	–	-19,301	–	-0.04%	–
HTM	Exit	U.S. GEOTHERMAL, INC. CMN	$0	–	-410,200	–	-0.04%	–
CC	Exit	CHEMOURS COMPANY (THE) CMN	$0	–	-20,000	–	-0.04%	–
AGFSW	Exit	WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019call	$0	–	-404,050	–	-0.04%	–
UHAL	Exit	AMERCO CMN	$0	–	-1,000	–	-0.04%	–
AJX	Exit	GREAT AJAX CORP CMN	$0	–	-25,000	–	-0.04%	–
LUK	Exit	LEUCADIA NATIONAL CORP CMN	$0	–	-20,400	–	-0.05%	–
FCFS	Exit	FIRSTCASH INC CMN	$0	–	-8,400	–	-0.05%	–
TPH	Exit	TRI POINTE GROUP INC CMN	$0	–	-30,000	–	-0.05%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTD-A CMN	$0	–	-19,696	–	-0.05%	–
MRLN	Exit	MARLIN BUSINESS SERVICES, INC. CMN	$0	–	-21,400	–	-0.05%	–
CVEO	Exit	CIVEO CORP CMN	$0	–	-377,900	–	-0.05%	–
VDTH	Exit	VIDEOCON D2H LIMITED ADR CMN	$0	–	-50,000	–	-0.06%	–
SPY	Exit	PUT/SPY @ 185 EXP 10/21/2016put	$0	–	-64,750	–	-0.06%	–
ELECU	Exit	ELECTRUM SPL ACQUISITION CORP UNITother	$0	–	-50,000	–	-0.06%	–
VVV	Exit	VALVOLINE INC. CMN	$0	–	-21,800	–	-0.06%	–
IRL	Exit	NEW IRELAND FUND INC MUTUAL FUND	$0	–	-45,075	–	-0.07%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$0	–	-72,106	–	-0.08%	–
EVI	Exit	ENVIROSTAR INC CMN	$0	–	-75,874	–	-0.08%	–
TOL	Exit	TOLL BROTHERS, INC. CMN	$0	–	-24,231	–	-0.09%	–
EIRL	Exit	ISHARES MSCI IRELAND CAPPED ETFetf	$0	–	-19,411	–	-0.09%	–
DHR	Exit	DANAHER CORPORATION CMN	$0	–	-10,000	–	-0.10%	–
VVI	Exit	VIAD CORP CMN	$0	–	-23,400	–	-0.11%	–
ACRE	Exit	ARES COMMERCIAL REAL ESTATE CO CMN	$0	–	-69,472	–	-0.11%	–
CLACU	Exit	CAPITOL ACQUISITION CORP III UNITother	$0	–	-100,000	–	-0.13%	–
BLVDU	Exit	BOULEVARD ACQUISITION CORP. II CORP II UNITother	$0	–	-100,000	–	-0.13%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS INC CMN SERIES A	$0	–	-50,000	–	-0.14%	–
EARN	Exit	ELLINGTON RESIDENTIAL MORT REIT CMN	$0	–	-86,225	–	-0.14%	–
GDX	Exit	CALL/GDX @ 30.0000 EXP01/19/2018call	$0	–	-3,000	–	-0.14%	–
GBDC	Exit	GOLUB CAPITAL BDC LLC MUTUAL FUND	$0	–	-80,527	–	-0.19%	–
TRST	Exit	TRUSTCO BANK CORP NY CMN	$0	–	-260,000	–	-0.23%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-150,000	–	-0.30%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-40,000	–	-0.34%	–
SHPG	Exit	SHIRE LIMITED SPONSORED ADR CMN	$0	–	-14,820	–	-0.36%	–
AGFS	Exit	AGROFRESH SOLUTIONS, INC. CMN	$0	–	-590,380	–	-0.40%	–
MTG	Exit	MGIC INVESTMENT CORP COMMON STOCK	$0	–	-439,300	–	-0.44%	–
NICK	Exit	NICHOLAS FINANCIAL, INC. CMN	$0	–	-353,900	–	-0.46%	–
VIRT	Exit	VIRTU FINANCIAL, INC. CMN CLASS A	$0	–	-290,100	–	-0.55%	–
GOOG	Exit	ALPHABET INC. CMN CLASS C	$0	–	-6,000	–	-0.59%	–
AAPL	Exit	APPLE INC. CMN	$0	–	-42,100	–	-0.60%	–
AMAT	Exit	APPLIED MATERIALS INC CMN	$0	–	-204,030	–	-0.78%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$0	–	-1,571,782	–	-0.98%	–
SVXY	Exit	CALL/SVXY @ 40 EXP 01/20/2017call	$0	–	-2,440	–	-1.21%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-200,000	–	-1.46%	–
BXMT	Exit	BLACKSTONE MORTGAGE TRUST INC CMN	$0	–	-500,010	–	-1.86%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-20,000	–	-2.12%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$0	–	-380,756	–	-4.04%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,544,818	–	-38.81%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-1,523,471	–	-41.66%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORPORATION CMN	$11,520,000	–	200,000	–	1.46%	–
AMAT	Buy	APPLIED MATERIALS INC CMN	$6,152,000	+156.7%	204,030	+104.0%	0.78%	+157.6%
AAPL	Buy	APPLE INC. CMN	$4,759,000	+16310.3%	42,100	+13933.3%	0.60%	+14950.0%
GOOG	Sell	ALPHABET INC. CMN CLASS C	$4,664,000	-15.8%	6,000	-25.0%	0.59%	-15.4%
VIRT	Sell	VIRTU FINANCIAL, INC. CMN CLASS A	$4,343,000	-24.3%	290,100	-9.0%	0.55%	-24.1%
MTG	Sell	MGIC INVESTMENT CORP COMMON STOCK	$3,514,000	+9.5%	439,300	-18.5%	0.44%	+9.9%
AGFS	Sell	AGROFRESH SOLUTIONS, INC. CMN	$3,123,000	-25.9%	590,380	-25.6%	0.40%	-25.6%
JPM	Sell	JPMORGAN CHASE & CO CMN	$2,664,000	-57.1%	40,000	-60.0%	0.34%	-57.0%
VVV	New	VALVOLINE INC. CMN	$512,000	–	21,800	–	0.06%	–
SPY	Buy	PUT/SPY @ 185 EXP 10/21/2016put	$487,000	+12.0%	64,750	+173.8%	0.06%	+12.7%
CVEO	Buy	CIVEO CORP CMN	$431,000	+21450.0%	377,900	+37690.0%	0.05%	–
FCFS	New	FIRSTCASH INC CMN	$395,000	–	8,400	–	0.05%	–
AGFSW	Sell	WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019call	$315,000	-18.0%	404,050	-0.0%	0.04%	-16.7%
FTV	New	FORTIVE CORPORATION CMN	$255,000	–	5,000	–	0.03%	–
JMP	Sell	JMP GROUP LLC. CMN	$189,000	-35.7%	34,174	-36.9%	0.02%	-35.1%
RLGT	Buy	RADIANT LOGISTICS INC CMN	$103,000	+312.0%	36,410	+332.9%	0.01%	+333.3%
TACO	Exit	DEL TACO RESTAURANTS INC CMN	$0	–	-100	–	0.00%	–
FLL	Exit	FULL HOUSE RESORTS CMN	$0	–	-1,000	–	0.00%	–
HSGX	Exit	HISTOGENICS CORP CMN	$0	–	-1,000	–	0.00%	–
OCN	Exit	OCWEN FINANCIAL CORPORATION CMN	$0	–	-1,000	–	0.00%	–
KEM	Exit	KEMET CORPORATION CMN	$0	–	-100	–	0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	0.00%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP MUTUAL FUND	$0	–	-1,405	–	-0.00%	–
DXYN	Exit	DIXIE GROUP INC CMN CLASS A	$0	–	-1,000	–	-0.00%	–
TWTR	Exit	CALL/TWTR @ 30 EXP 01/19/2018call	$0	–	-40	–	-0.00%	–
APT	Exit	ALPHA PRO TECH LTD CMN	$0	–	-3,600	–	-0.00%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-4,845	–	-0.00%	–
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-900	–	-0.00%	–
RFP	Exit	RESOLUTE FOREST PRODUCTS INC CMN	$0	–	-1,000	–	-0.00%	–
ARLZ	Exit	ARALEZ PHARMACEUTICALS INC. CMN	$0	–	-1,076	–	-0.00%	–
BCOR	Exit	BLUCORA INC CMN	$0	–	-1,000	–	-0.00%	–
RGLD	Exit	ROYAL GOLD, INC. CMN	$0	–	-100	–	-0.00%	–
NSM	Exit	NATIONSTAR MTG HLDGS INC CMN	$0	–	-1,000	–	-0.00%	–
CAF	Exit	MORGAN STANLEY CHINA A SHARE FUND, INC.	$0	–	-1,000	–	-0.00%	–
HTLF	Exit	HEARTLAND FINL USA INC CMN	$0	–	-326	–	-0.00%	–
HTGC	Exit	HERCULES CAPITAL INC .	$0	–	-1,000	–	-0.00%	–
TCAP	Exit	TRIANGLE CAPITAL CORPORATION MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
NMFC	Exit	NEW MOUNTAIN FINANCE CORP MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
HBIO	Exit	HARVARD BIOSCIENCE INC CMN	$0	–	-6,200	–	-0.00%	–
PKE	Exit	PARK ELECTROCHEMICAL CRP CMN	$0	–	-1,000	–	-0.00%	–
TCPC	Exit	TCP CAP CORP MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
MRVC	Exit	MRV COMMUNICATIONS, INC. CMN	$0	–	-1,800	–	-0.00%	–
QCRH	Exit	QCR HOLDINGS INC CMN	$0	–	-1,000	–	-0.00%	–
NOV	Exit	NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN	$0	–	-1,000	–	-0.00%	–
SFE	Exit	SAFEGUARD SCIENTIFICS INC CMN	$0	–	-2,800	–	-0.00%	–
ACLS	Exit	AXCELIS TECHNOLOGIES, INC. CMN	$0	–	-13,516	–	-0.01%	–
ESNT	Exit	ESSENT GROUP LTD. CMN	$0	–	-2,000	–	-0.01%	–
CUO	Exit	CONTINENTAL MATERIALS CORP CMN	$0	–	-4,771	–	-0.01%	–
LORL	Exit	LORAL SPACE &COMMUNICATION INC*. CMN	$0	–	-1,957	–	-0.01%	–
JAKK	Exit	JAKKS PACIFIC INC CMN	$0	–	-9,900	–	-0.01%	–
NSP	Exit	INSPERITY INC CMN	$0	–	-1,000	–	-0.01%	–
GFED	Exit	GUARANTY FEDERAL BANCSHARES INC	$0	–	-5,000	–	-0.01%	–
PFLT	Exit	PENNANTPARK FLOATING RATE CAP LTD	$0	–	-6,245	–	-0.01%	–
SLRC	Exit	SOLAR CAPITAL LTD. MUTUAL FUND	$0	–	-5,000	–	-0.01%	–
YUM	Exit	CALL/YUM @ 85 EXP 01/20/2017call	$0	–	-200	–	-0.01%	–
PEP	Exit	PEPSICO INC CMN	$0	–	-1,000	–	-0.01%	–
CSWC	Exit	CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	$0	–	-7,477	–	-0.01%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-5,900	–	-0.02%	–
WBS	Exit	WEBSTER FINANCIAL CORP CMN	$0	–	-3,500	–	-0.02%	–
CUNB	Exit	CU BANCORP CMN	$0	–	-7,397	–	-0.02%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-1,000	–	-0.02%	–
FSLR	Exit	FIRST SOLAR, INC. CMN	$0	–	-4,000	–	-0.02%	–
IRIX	Exit	IRIDEX CORP CMN	$0	–	-15,000	–	-0.03%	–
LINDW	Exit	WTS/LINDBLAD EXPEDITIONS HOLDINGS INC 11.5000 EXP07/08/2020call	$0	–	-142,900	–	-0.04%	–
GLPI	Exit	GAMING AND LEISURE PROP, INC. CMN	$0	–	-8,840	–	-0.04%	–
CSH	Exit	CASH AMER INTL INC CMN	$0	–	-10,000	–	-0.05%	–
ARW	Exit	ARROW ELECTRONICS INC. CMN	$0	–	-7,426	–	-0.06%	–
EMGCQ	Exit	EMERGENT CAPITAL, INC CMN	$0	–	-142,125	–	-0.06%	–
MAIN	Exit	MAIN STREET CAPITAL CORP MUTUAL FUND	$0	–	-22,400	–	-0.09%	–
FNHC	Exit	FEDERATED NATL HLDG CO CMN	$0	–	-49,800	–	-0.12%	–
VOLT	Exit	VOLT INFO SCIENCES, INC. CMN	$0	–	-176,401	–	-0.13%	–
LIND	Exit	LINDBLAD EXPEDITIONS HLDGS INC CMN	$0	–	-122,200	–	-0.15%	–
ROCK	Exit	GIBRALTAR INDUSTRIES INC CMN	$0	–	-38,233	–	-0.15%	–
VYM	Exit	VANGUARD WHITEHALL FUNDS-VANGU*ARD HIGH DIVIDEND YIELD IDX FD (VANGUARD HIGH DIVIDEND YIELD ETFetf	$0	–	-19,900	–	-0.18%	–
FUR	Exit	WINTHROP REALTY TRUST CMN	$0	–	-230,500	–	-0.26%	–
GILD	Exit	GILEAD SCIENCES CMN	$0	–	-26,000	–	-0.27%	–
EWJ	Exit	ISHARES MSCI JAPAN ETF ge.etf	$0	–	-200,000	–	-0.29%	–
F	Exit	FORD MOTOR COMPANY CMN	$0	–	-200,000	–	-0.32%	–
EZPW	Exit	E Z CORP INC CL-A NON VTG CMN CLASS A	$0	–	-433,092	–	-0.41%	–
SRAQU	Exit	SILVER RUN ACQUISITION CORP. UNITother	$0	–	-375,000	–	-0.47%	–
ZIVZF	Exit	VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETNetf	$0	–	-108,735	–	-0.53%	–
AEM	Exit	AGNICO EAGLE MINES LTD CMN	$0	–	-106,500	–	-0.72%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-55	–	-1.50%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$319,129,000	–	1,523,471	–	40.19%	–
VOO	New	VANGUARD S&P 500 ETFetf	$296,914,000	–	1,544,818	–	37.39%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$31,694,000	–	380,756	–	3.99%	–
AMZN	New	AMAZON.COM INC CMN	$14,312,000	–	20,000	–	1.80%	–
BXMT	New	BLACKSTONE MORTGAGE TRUST INC CMN	$13,835,000	–	500,010	–	1.74%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$11,934,000	–	55	–	1.50%	–
FIG	New	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$6,947,000	–	1,571,782	–	0.88%	–
JPM	New	JPMORGAN CHASE & CO CMN	$6,214,000	–	100,000	–	0.78%	–
VIRT	New	VIRTU FINANCIAL, INC. CMN CLASS A	$5,739,000	–	318,849	–	0.72%	–
AEM	New	AGNICO EAGLE MINES LTD CMN	$5,698,000	–	106,500	–	0.72%	–
GOOG	New	ALPHABET INC. CMN CLASS C	$5,537,000	–	8,000	–	0.70%	–
SVXY	New	CALL/SVXY @ 40 EXP 01/20/2017call	$4,886,000	–	2,440	–	0.62%	–
AGFS	New	AGROFRESH SOLUTIONS, INC. CMN	$4,214,000	–	793,530	–	0.53%	–
ZIVZF	New	VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETNetf	$4,210,000	–	108,735	–	0.53%	–
SRAQU	New	SILVER RUN ACQUISITION CORP. UNITother	$3,743,000	–	375,000	–	0.47%	–
NICK	New	NICHOLAS FINANCIAL, INC. CMN	$3,638,000	–	353,900	–	0.46%	–
EZPW	New	E Z CORP INC CL-A NON VTG CMN CLASS A	$3,274,000	–	433,092	–	0.41%	–
MTG	New	MGIC INVESTMENT CORP COMMON STOCK	$3,209,000	–	539,300	–	0.40%	–
SHPG	New	SHIRE LIMITED SPONSORED ADR CMN	$2,728,000	–	14,820	–	0.34%	–
F	New	FORD MOTOR COMPANY CMN	$2,514,000	–	200,000	–	0.32%	–
AMAT	New	APPLIED MATERIALS INC CMN	$2,397,000	–	100,000	–	0.30%	–
EWJ	New	ISHARES MSCI JAPAN ETF ge.etf	$2,300,000	–	200,000	–	0.29%	–
GILD	New	GILEAD SCIENCES CMN	$2,169,000	–	26,000	–	0.27%	–
FUR	New	WINTHROP REALTY TRUST CMN	$2,026,000	–	230,500	–	0.26%	–
BAC	New	BANK OF AMERICA CORP CMN	$1,991,000	–	150,000	–	0.25%	–
TRST	New	TRUSTCO BANK CORP NY CMN	$1,667,000	–	260,000	–	0.21%	–
GDX	New	CALL/GDX @ 30.0000 EXP01/19/2018call	$1,553,000	–	3,000	–	0.20%	–
GBDC	New	GOLUB CAPITAL BDC LLC MUTUAL FUND	$1,455,000	–	80,527	–	0.18%	–
VYM	New	VANGUARD WHITEHALL FUNDS-VANGU*ARD HIGH DIVIDEND YIELD IDX FD (VANGUARD HIGH DIVIDEND YIELD ETFetf	$1,422,000	–	19,900	–	0.18%	–
ROCK	New	GIBRALTAR INDUSTRIES INC CMN	$1,207,000	–	38,233	–	0.15%	–
LIND	New	LINDBLAD EXPEDITIONS HLDGS INC CMN	$1,177,000	–	122,200	–	0.15%	–
EARN	New	ELLINGTON RESIDENTIAL MORT REIT CMN	$1,126,000	–	86,225	–	0.14%	–
LTRPA	New	LIBERTY TRIPADVISOR HLDGS INC CMN SERIES A	$1,094,000	–	50,000	–	0.14%	–
VOLT	New	VOLT INFO SCIENCES, INC. CMN	$1,043,000	–	176,401	–	0.13%	–
DHR	New	DANAHER CORPORATION CMN	$1,010,000	–	10,000	–	0.13%	–
CLACU	New	CAPITOL ACQUISITION CORP III UNITother	$992,000	–	100,000	–	0.12%	–
BLVDU	New	BOULEVARD ACQUISITION CORP. II CORP II UNITother	$989,000	–	100,000	–	0.12%	–
FNHC	New	FEDERATED NATL HLDG CO CMN	$948,000	–	49,800	–	0.12%	–
ACRE	New	ARES COMMERCIAL REAL ESTATE CO CMN	$854,000	–	69,472	–	0.11%	–
MAIN	New	MAIN STREET CAPITAL CORP MUTUAL FUND	$736,000	–	22,400	–	0.09%	–
VVI	New	VIAD CORP CMN	$725,000	–	23,400	–	0.09%	–
EIRL	New	ISHARES MSCI IRELAND CAPPED ETFetf	$698,000	–	19,411	–	0.09%	–
TOL	New	TOLL BROTHERS, INC. CMN	$652,000	–	24,231	–	0.08%	–
BIF	New	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$586,000	–	72,106	–	0.07%	–
IRL	New	NEW IRELAND FUND INC MUTUAL FUND	$534,000	–	45,075	–	0.07%	–
ELECU	New	ELECTRUM SPL ACQUISITION CORP UNITother	$501,000	–	50,000	–	0.06%	–
EMGCQ	New	EMERGENT CAPITAL, INC CMN	$478,000	–	142,125	–	0.06%	–
ARW	New	ARROW ELECTRONICS INC. CMN	$460,000	–	7,426	–	0.06%	–
SPY	New	PUT/SPY @ 175 EXP 08/19/2016put	$435,000	–	23,649	–	0.06%	–
CSH	New	CASH AMER INTL INC CMN	$426,000	–	10,000	–	0.05%	–
VDTH	New	VIDEOCON D2H LIMITED ADR CMN	$424,000	–	50,000	–	0.05%	–
GLRE	New	GREENLIGHT CAPITAL RE LTD-A CMN	$397,000	–	19,696	–	0.05%	–
AGFSW	New	WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019call	$384,000	–	404,250	–	0.05%	–
UHAL	New	AMERCO CMN	$375,000	–	1,000	–	0.05%	–
TPH	New	TRI POINTE GROUP INC CMN	$355,000	–	30,000	–	0.04%	–
LUK	New	LEUCADIA NATIONAL CORP CMN	$354,000	–	20,400	–	0.04%	–
AJX	New	GREAT AJAX CORP CMN	$347,000	–	25,000	–	0.04%	–
MRLN	New	MARLIN BUSINESS SERVICES, INC. CMN	$349,000	–	21,400	–	0.04%	–
HTM	New	U.S. GEOTHERMAL, INC. CMN	$336,000	–	410,200	–	0.04%	–
GLPI	New	GAMING AND LEISURE PROP, INC. CMN	$305,000	–	8,840	–	0.04%	–
EVI	New	ENVIROSTAR INC CMN	$291,000	–	75,874	–	0.04%	–
JMP	New	JMP GROUP LLC. CMN	$294,000	–	54,174	–	0.04%	–
LINDW	New	WTS/LINDBLAD EXPEDITIONS HOLDINGS INC 11.5000 EXP07/08/2020call	$281,000	–	142,900	–	0.04%	–
FCCO	New	FIRST CMNTY CORP S C CMN	$270,000	–	19,301	–	0.03%	–
LARK	New	LANDMARK BANCORP INC CMN	$266,000	–	10,500	–	0.03%	–
GIM	New	TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	$254,000	–	40,000	–	0.03%	–
EXPD	New	EXPEDITORS INTL WASH INC CMN	$245,000	–	5,000	–	0.03%	–
TCRD	New	THL CREDIT INC MUTUAL FUND	$244,000	–	21,964	–	0.03%	–
CSWI	New	CSW INDUSTRIALS, INC. CMN	$244,000	–	7,477	–	0.03%	–
CIO	New	CITY OFFICE REIT, INC. CMN	$241,000	–	18,600	–	0.03%	–
CORR	New	CORENERGY INFRASTRUCTURE TRUST INC. CMN	$231,000	–	8,000	–	0.03%	–
AGN	New	ALLERGAN PLC CMN	$231,000	–	1,000	–	0.03%	–
IRIX	New	IRIDEX CORP CMN	$222,000	–	15,000	–	0.03%	–
CMO	New	CAPSTEAD MORTGAGE CORPORATION CMN	$194,000	–	20,000	–	0.02%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$188,000	–	1,000	–	0.02%	–
FSLR	New	FIRST SOLAR, INC. CMN	$194,000	–	4,000	–	0.02%	–
CC	New	CHEMOURS COMPANY (THE) CMN	$165,000	–	20,000	–	0.02%	–
CUNB	New	CU BANCORP CMN	$168,000	–	7,397	–	0.02%	–
DRAD	New	DIGIRAD CORPORATION CMN	$155,000	–	30,000	–	0.02%	–
AMS	New	AMERICAN SHARED HOSP SVCS CMN	$152,000	–	75,058	–	0.02%	–
WBS	New	WEBSTER FINANCIAL CORP CMN	$119,000	–	3,500	–	0.02%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$116,000	–	5,900	–	0.02%	–
PNK	New	PINNACLE ENTERTAINMENT INC. CMN	$115,000	–	10,400	–	0.01%	–
GEC	New	GREAT ELM CAPITAL GROUP INC CMN	$110,000	–	16,666	–	0.01%	–
PEP	New	PEPSICO INC CMN	$106,000	–	1,000	–	0.01%	–
CSWC	New	CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	$102,000	–	7,477	–	0.01%	–
YUM	New	CALL/YUM @ 85 EXP 01/20/2017call	$94,000	–	200	–	0.01%	–
SLRC	New	SOLAR CAPITAL LTD. MUTUAL FUND	$95,000	–	5,000	–	0.01%	–
JAKK	New	JAKKS PACIFIC INC CMN	$78,000	–	9,900	–	0.01%	–
GFED	New	GUARANTY FEDERAL BANCSHARES INC	$80,000	–	5,000	–	0.01%	–
NSP	New	INSPERITY INC CMN	$77,000	–	1,000	–	0.01%	–
PFLT	New	PENNANTPARK FLOATING RATE CAP LTD	$77,000	–	6,245	–	0.01%	–
LORL	New	LORAL SPACE &COMMUNICATION INC*. CMN	$69,000	–	1,957	–	0.01%	–
CUO	New	CONTINENTAL MATERIALS CORP CMN	$73,000	–	4,771	–	0.01%	–
ESNT	New	ESSENT GROUP LTD. CMN	$44,000	–	2,000	–	0.01%	–
ARIS	New	ARI NETWORK SERVICES INC (NEW) CMN	$51,000	–	12,200	–	0.01%	–
ACLS	New	AXCELIS TECHNOLOGIES, INC. CMN	$36,000	–	13,516	–	0.01%	–
SFE	New	SAFEGUARD SCIENTIFICS INC CMN	$35,000	–	2,800	–	0.00%	–
NOV	New	NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN	$34,000	–	1,000	–	0.00%	–
AAPL	New	APPLE, INC. CMN	$29,000	–	300	–	0.00%	–
QCRH	New	QCR HOLDINGS INC CMN	$27,000	–	1,000	–	0.00%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$23,000	–	542	–	0.00%	–
MRVC	New	MRV COMMUNICATIONS, INC. CMN	$20,000	–	1,800	–	0.00%	–
RLGT	New	RADIANT LOGISTICS INC CMN	$25,000	–	8,410	–	0.00%	–
HBIO	New	HARVARD BIOSCIENCE INC CMN	$18,000	–	6,200	–	0.00%	–
HTLF	New	HEARTLAND FINL USA INC CMN	$12,000	–	326	–	0.00%	–
HTGC	New	HERCULES CAPITAL INC .	$12,000	–	1,000	–	0.00%	–
MLNK	New	MODUSLINK GLOBAL SOLUTIONS, IN*C CMN	$12,000	–	10,000	–	0.00%	–
CAF	New	MORGAN STANLEY CHINA A SHARE FUND, INC.	$18,000	–	1,000	–	0.00%	–
DDE	New	DOVER DOWNS GAMING & ENTMT INC CMN	$17,000	–	16,157	–	0.00%	–
NMFC	New	NEW MOUNTAIN FINANCE CORP MUTUAL FUND	$13,000	–	1,000	–	0.00%	–
PKE	New	PARK ELECTROCHEMICAL CRP CMN	$15,000	–	1,000	–	0.00%	–
TCPC	New	TCP CAP CORP MUTUAL FUND	$15,000	–	1,000	–	0.00%	–
TCAP	New	TRIANGLE CAPITAL CORPORATION MUTUAL FUND	$19,000	–	1,000	–	0.00%	–
APT	New	ALPHA PRO TECH LTD CMN	$8,000	–	3,600	–	0.00%	–
BCOR	New	BLUCORA INC CMN	$10,000	–	1,000	–	0.00%	–
NSM	New	NATIONSTAR MTG HLDGS INC CMN	$11,000	–	1,000	–	0.00%	–
ARLZ	New	ARALEZ PHARMACEUTICALS INC. CMN	$4,000	–	1,076	–	0.00%	–
LUB	New	LUBYS INC CMN STOCK CMN	$5,000	–	900	–	0.00%	–
GNVC	New	GENVEC INC CMN	$7,000	–	11,800	–	0.00%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$10,000	–	4,845	–	0.00%	–
TWTR	New	CALL/TWTR @ 30 EXP 01/19/2018call	$4,000	–	40	–	0.00%	–
RGLD	New	ROYAL GOLD, INC. CMN	$7,000	–	100	–	0.00%	–
RFP	New	RESOLUTE FOREST PRODUCTS INC CMN	$5,000	–	1,000	–	0.00%	–
PNNT	New	PENNANTPARK INVESTMENT CORP MUTUAL FUND	$10,000	–	1,405	–	0.00%	–
DXYN	New	DIXIE GROUP INC CMN CLASS A	$4,000	–	1,000	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$2,000	–	1,000	–	0.00%	–
CVEO	New	CIVEO CORP CMN	$2,000	–	1,000	–	0.00%	–
TACO	New	DEL TACO RESTAURANTS INC CMN	$1,000	–	100	–	0.00%	–
KEM	New	KEMET CORPORATION CMN	$1,000	–	100	–	0.00%	–
HSGX	New	HISTOGENICS CORP CMN	$2,000	–	1,000	–	0.00%	–
FLL	New	FULL HOUSE RESORTS CMN	$2,000	–	1,000	–	0.00%	–
OCN	New	OCWEN FINANCIAL CORPORATION CMN	$2,000	–	1,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
KEM	Exit	KEMET CORPORATION CMN	$0	–	-100	–	0.00%	–
CVEO	Exit	CIVEO CORP CMN	$0	–	-1,000	–	0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	0.00%	–
TACO	Exit	DEL TACO RESTAURANTS INC CMN	$0	–	-100	–	0.00%	–
HTGC	Exit	HERCULES TECHNOLOGY GROWTH CAPITAL, INC.	$0	–	-1,000	–	-0.00%	–
QCCO	Exit	QC HOLDINGS, INC. CMN	$0	–	-2,749	–	-0.00%	–
PNNT	Exit	PENNANTPARK INVESTMENT CORP MUTUAL FUND	$0	–	-1,405	–	-0.00%	–
HSGX	Exit	HISTOGENICS CORP CMN	$0	–	-1,000	–	-0.00%	–
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-900	–	-0.00%	–
OCN	Exit	OCWEN FINANCIAL CORPORATION CMN	$0	–	-1,000	–	-0.00%	–
DXYN	Exit	DIXIE GROUP INC CMN CLASS A	$0	–	-1,000	–	-0.00%	–
APT	Exit	ALPHA PRO TECH LTD CMN	$0	–	-3,600	–	-0.00%	–
NSM	Exit	NATIONSTAR MTG HLDGS INC CMN	$0	–	-1,000	–	-0.00%	–
DDE	Exit	DOVER DOWNS GAMING & ENTMT INC CMN	$0	–	-16,157	–	-0.00%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-4,845	–	-0.00%	–
TCPC	Exit	TCP CAP CORP MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
NMFC	Exit	NEW MOUNTAIN FINANCE CORP MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
WLFC	Exit	WILLIS LEASE FINANCE CORP CMN	$0	–	-1,000	–	-0.00%	–
TCAP	Exit	TRIANGLE CAPITAL CORPORATION MUTUAL FUND	$0	–	-1,000	–	-0.00%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.00%	–
QCRH	Exit	QCR HOLDINGS INC CMN	$0	–	-1,000	–	-0.00%	–
CAF	Exit	MORGAN STANLEY CHINA A SHARE FUND, INC.	$0	–	-1,000	–	-0.00%	–
HBIO	Exit	HARVARD BIOSCIENCE INC CMN	$0	–	-6,200	–	-0.00%	–
MRVC	Exit	MRV COMMUNICATIONS, INC. CMN	$0	–	-1,800	–	-0.00%	–
GNVC	Exit	GENVEC INC CMN	$0	–	-11,800	–	-0.00%	–
AAPL	Exit	APPLE, INC. CMN	$0	–	-300	–	-0.00%	–
RLGT	Exit	RADIANT LOGISTICS INC CMN	$0	–	-8,410	–	-0.01%	–
NSP	Exit	INSPERITY INC CMN	$0	–	-1,000	–	-0.01%	–
SFE	Exit	SAFEGUARD SCIENTIFICS INC CMN	$0	–	-2,800	–	-0.01%	–
PFLT	Exit	PENNANTPARK FLOATING RATE CAP LTD	$0	–	-6,245	–	-0.01%	–
CUO	Exit	CONTINENTAL MATERIALS CORP CMN	$0	–	-4,771	–	-0.01%	–
GFED	Exit	GUARANTY FEDERAL BANCSHARES INC	$0	–	-5,000	–	-0.01%	–
RICE	Exit	RICE ENERGY INC CMN	$0	–	-5,000	–	-0.01%	–
JAKK	Exit	JAKKS PACIFIC INC CMN	$0	–	-9,900	–	-0.01%	–
VDTH	Exit	VIDEOCON D2H LTD ADR CMN	$0	–	-10,000	–	-0.01%	–
PEP	Exit	PEPSICO INC CMN	$0	–	-1,000	–	-0.01%	–
CMO	Exit	CAPSTEAD MORTGAGE CORPORATION CMN	$0	–	-10,000	–	-0.01%	–
DRAD	Exit	DIGIRAD CORPORATION CMN	$0	–	-30,000	–	-0.02%	–
IRIX	Exit	IRIDEX CORP CMN	$0	–	-15,000	–	-0.02%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-5,900	–	-0.02%	–
WBS	Exit	WEBSTER FINANCIAL CORP CMN	$0	–	-3,500	–	-0.02%	–
CC	Exit	CHEMOURS COMPANY (THE) CMN	$0	–	-20,000	–	-0.02%	–
UPIP	Exit	UNWIRED PLANET INC CMN	$0	–	-200,000	–	-0.02%	–
AMS	Exit	AMERICAN SHARED HOSP SVCS CMN	$0	–	-75,058	–	-0.02%	–
AMAT	Exit	APPLIED MATERIALS INC CMN	$0	–	-10,000	–	-0.02%	–
CUNB	Exit	CU BANCORP CMN	$0	–	-7,397	–	-0.02%	–
CORR	Exit	CORENERGY INFRASTRUCTURE TRUST INC	$0	–	-40,000	–	-0.02%	–
LINDW	Exit	WTS/LINDBLAD EXPEDITIONS HLDGS IN 11.5000 EXP05/15/2016call	$0	–	-100,000	–	-0.02%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP CMN	$0	–	-1,000	–	-0.02%	–
AGNC	Exit	AMERICAN CAPITAL AGENCY CORP. CMN	$0	–	-10,000	–	-0.02%	–
AAP	Exit	ADVANCE AUTO PARTS, INC. CMN	$0	–	-1,000	–	-0.03%	–
NORD	Exit	NORD ANGLIA EDUCATION, INC. CMN	$0	–	-10,000	–	-0.03%	–
CIO	Exit	CITY OFFICE REIT, INC. CMN	$0	–	-18,600	–	-0.03%	–
EXPD	Exit	EXPEDITORS INTL WASH INC CMN	$0	–	-5,000	–	-0.03%	–
FCCO	Exit	FIRST CMNTY CORP S C CMN	$0	–	-19,301	–	-0.03%	–
TCRD	Exit	THL CREDIT INC MUTUAL FUND	$0	–	-21,964	–	-0.03%	–
GIM	Exit	TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	$0	–	-40,000	–	-0.03%	–
STAR	Exit	ISTAR INC CMN	$0	–	-20,000	–	-0.03%	–
HTM	Exit	U.S. GEOTHERMAL, INC. CMN	$0	–	-410,200	–	-0.03%	–
LARK	Exit	LANDMARK BANCORP INC CMN	$0	–	-10,000	–	-0.03%	–
AYA	Exit	AMAYA INC. CMN	$0	–	-13,600	–	-0.03%	–
AUY	Exit	YAMANA GOLD INC CMN	$0	–	-156,352	–	-0.04%	–
ACLS	Exit	AXCELIS TECHNOLOGIES, INC. CMN	$0	–	-100,000	–	-0.04%	–
AGN	Exit	ALLERGAN PLC CMN	$0	–	-1,000	–	-0.04%	–
CSH	Exit	CASH AMER INTL INC CMN	$0	–	-10,000	–	-0.04%	–
EVI	Exit	ENVIROSTAR INC CMN	$0	–	-75,874	–	-0.04%	–
AJX	Exit	GREAT AJAX CORP CMN	$0	–	-25,000	–	-0.04%	–
JMP	Exit	JMP GROUP LLC. CMN	$0	–	-54,174	–	-0.04%	–
PNK	Exit	PINNACLE ENTMT INC CMN	$0	–	-10,400	–	-0.05%	–
CSWC	Exit	CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	$0	–	-7,477	–	-0.05%	–
TPH	Exit	TRI POINTE GROUP INC CMN	$0	–	-30,000	–	-0.05%	–
UHAL	Exit	AMERCO CMN	$0	–	-1,000	–	-0.05%	–
ARW	Exit	ARROW ELECTRONICS INC. CMN	$0	–	-7,426	–	-0.06%	–
LUK	Exit	LEUCADIA NATIONAL CORP CMN	$0	–	-20,400	–	-0.06%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTD-A CMN	$0	–	-19,696	–	-0.06%	–
AIGWS	Exit	WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021call	$0	–	-20,000	–	-0.06%	–
LORL	Exit	LORAL SPACE &COMMUNICATION INC*. CMN	$0	–	-10,000	–	-0.06%	–
ELECU	Exit	ELECTRUM SPL ACQUISITION CORP UNITother	$0	–	-50,000	–	-0.07%	–
TACOW	Exit	WTS/DEL TACO RESTAURANTS INC 11.5000 EXP01/06/2018call	$0	–	-100,000	–	-0.07%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$0	–	-70,906	–	-0.07%	–
MLNK	Exit	MODUSLINK GLOBAL SOLUTIONS, IN*C CMN	$0	–	-200,000	–	-0.08%	–
AIG	Exit	AMERICAN INTL GROUP, INC. CMN	$0	–	-10,000	–	-0.08%	–
XENE	Exit	XENON PHARMACEUTICALS INC. CMN	$0	–	-68,690	–	-0.08%	–
MAIN	Exit	MAIN STREET CAPITAL CORP CMN	$0	–	-22,400	–	-0.08%	–
VVI	Exit	VIAD CORP CMN	$0	–	-23,400	–	-0.09%	–
CBLAQ	Exit	CBL & ASSOC PROPERTIES, INC. CMN	$0	–	-50,000	–	-0.09%	–
ROCK	Exit	GIBRALTAR INDUSTRIES INC CMN	$0	–	-38,233	–	-0.10%	–
ESNT	Exit	ESSENT GROUP LTD. CMN	$0	–	-30,000	–	-0.10%	–
NICK	Exit	NICHOLAS FINANCIAL, INC. CMN	$0	–	-59,454	–	-0.10%	–
TOL	Exit	TOLL BROTHERS, INC. CMN	$0	–	-24,231	–	-0.11%	–
ACRE	Exit	ARES COMMERCIAL REAL ESTATE CO CMN	$0	–	-69,472	–	-0.11%	–
GPI	Exit	GROUP 1 AUTOMOTIVE, INC. CMN	$0	–	-10,000	–	-0.12%	–
DHR	Exit	DANAHER CORPORATION CMN	$0	–	-10,000	–	-0.12%	–
AGFSW	Exit	WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019call	$0	–	-400,000	–	-0.12%	–
MWW	Exit	MONSTER WORLDWIDE INC. CMN	$0	–	-138,304	–	-0.12%	–
CVS	Exit	CVS HEALTH CORP CMN	$0	–	-10,000	–	-0.13%	–
GILD	Exit	GILEAD SCIENCES CMN	$0	–	-10,000	–	-0.13%	–
BLVDU	Exit	BOULEVARD ACQUISITION CORP. II CORP II UNITother	$0	–	-100,000	–	-0.14%	–
WMB	Exit	THE WILLIAMS COMPANIES, INC. CMN	$0	–	-27,400	–	-0.14%	–
WLRH	Exit	WL ROSS HOLDING CORP. CMN	$0	–	-100,000	–	-0.14%	–
EARN	Exit	ELLINGTON RESIDENTIAL MORT REIT CMN	$0	–	-86,225	–	-0.14%	–
MTG	Exit	MGIC INVESTMENT CORP COMMON STOCK	$0	–	-122,492	–	-0.15%	–
BKD	Exit	BROOKDALE SENIOR LIVING, INC. CMN	$0	–	-50,000	–	-0.16%	–
HIFR	Exit	INFRAREIT, INC. CMN	$0	–	-50,000	–	-0.16%	–
LIND	Exit	LINDBLAD EXPEDITIONS HLDGS INC CMN	$0	–	-122,200	–	-0.16%	–
FNHC	Exit	FEDERATED NATL HLDG CO CMN	$0	–	-49,800	–	-0.16%	–
EMGCQ	Exit	EMERGENT CAPITAL, INC CMN	$0	–	-222,125	–	-0.16%	–
VYM	Exit	VANGUARD WHITEHALL FUNDS-VANGU*ARD HIGH DIVIDEND YIELD IDX FD (VANGUARD HIGH DIVIDEND YIELD ETFetf	$0	–	-19,900	–	-0.17%	–
GBDC	Exit	GOLUB CAPITAL BDC LLC CMN	$0	–	-80,527	–	-0.17%	–
SIGM	Exit	SIGMA DESIGNS INC CMN	$0	–	-200,000	–	-0.19%	–
VOLT	Exit	VOLT INFO SCIENCES, INC. CMN	$0	–	-176,401	–	-0.22%	–
AGFS	Exit	AGROFRESH SOLUTIONS, INC. CMN	$0	–	-202,200	–	-0.22%	–
PPBI	Exit	PACIFIC PREMIER BANCORP CMN	$0	–	-81,391	–	-0.22%	–
EWJ	Exit	ISHARES MSCI JAPAN ETF ge.etf	$0	–	-200,000	–	-0.31%	–
BACWSA	Exit	WTS/BANK OF AMERICA CORP 13.3000 EXP01/16/2019call	$0	–	-400,000	–	-0.31%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-150,000	–	-0.32%	–
AEM	Exit	AGNICO EAGLE MINES LTD CMN	$0	–	-106,500	–	-0.36%	–
EZPW	Exit	E Z CORP INC CL-A NON VTG CMN CLASS A	$0	–	-503,092	–	-0.42%	–
BXLT	Exit	BAXALTA INCORPORATED CMN	$0	–	-100,000	–	-0.43%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$0	–	-588,582	–	-0.44%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-60,000	–	-0.50%	–
VXX	Exit	BARCLAYS BK PLC-IPATH S&P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETNetf	$0	–	-153,000	–	-0.53%	–
CI	Exit	CIGNA CORPORATION CMN	$0	–	-32,274	–	-0.59%	–
VIRT	Exit	VIRTU FINANCIAL, INC. CMN CLASS A	$0	–	-206,083	–	-0.64%	–
GOOG	Exit	GOOGLE INC. CMN CLASS C	$0	–	-8,000	–	-0.66%	–
HUM	Exit	HUMANA INC. CMN	$0	–	-30,000	–	-0.73%	–
ABBV	Exit	ABBVIE INC. CMN	$0	–	-100,000	–	-0.74%	–
AMZN	Exit	AMAZON.COM INC CMN	$0	–	-12,000	–	-0.83%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-37	–	-0.98%	–
SVXY	Exit	PROSHARES SHORT VIX SHORT-TERM FUTURES EXCHANGE TRADED FUNDetf	$0	–	-170,000	–	-1.10%	–
ZIVZF	Exit	VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETNetf	$0	–	-252,665	–	-1.28%	–
BXMT	Exit	BLACKSTONE MORTGAGE TRUST INC CMN	$0	–	-394,279	–	-1.46%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MKTS CMN ETFetf	$0	–	-400,000	–	-1.93%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$0	–	-380,756	–	-3.80%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,515,818	–	-36.01%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-1,523,471	–	-39.47%	–

Q3 2015

			Value		Shares		↓ Weighting
BXMT	Buy	BLACKSTONE MORTGAGE TRUST INC CMN	$10,819,000	+58.2%	394,279	+60.4%	1.46%	+59.7%
ZIVZF	New	VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETNetf	$9,480,000	–	252,665	–	1.28%	–
SVXY	New	PROSHARES SHORT VIX SHORT-TERM FUTURES EXCHANGE TRADED FUNDetf	$8,099,000	–	170,000	–	1.10%	–
AMZN	New	AMAZON.COM INC CMN	$6,143,000	–	12,000	–	0.83%	–
HUM	Buy	HUMANA INC. CMN	$5,370,000	+40.4%	30,000	+50.0%	0.73%	+41.8%
GOOG	New	GOOGLE INC. CMN CLASS C	$4,867,000	–	8,000	–	0.66%	–
VIRT	Buy	VIRTU FINANCIAL, INC. CMN CLASS A	$4,723,000	+220.9%	206,083	+228.7%	0.64%	+224.4%
VXX	New	BARCLAYS BK PLC-IPATH S&P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETNetf	$3,921,000	–	153,000	–	0.53%	–
JPM	Buy	JPMORGAN CHASE & CO CMN	$3,658,000	+8.0%	60,000	+20.0%	0.50%	+9.0%
FIG	Buy	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$3,267,000	+62.8%	588,582	+114.0%	0.44%	+64.3%
BXLT	New	BAXALTA INCORPORATED CMN	$3,151,000	–	100,000	–	0.43%	–
EZPW	Buy	E Z CORP INC CL-A NON VTG CMN CLASS A	$3,104,000	+18.1%	503,092	+42.2%	0.42%	+19.3%
AEM	Buy	AGNICO EAGLE MINES LTD CMN	$2,697,000	+4.4%	106,500	+16.9%	0.36%	+5.5%
AGFS	New	AGROFRESH SOLUTIONS, INC. CMN	$1,605,000	–	202,200	–	0.22%	–
VOLT	Buy	VOLT INFO SCIENCES, INC. CMN	$1,605,000	+14490.9%	176,401	+15907.4%	0.22%	+21600.0%
EMGCQ	New	EMERGENT CAPITAL, INC CMN	$1,211,000	–	222,125	–	0.16%	–
FNHC	Sell	FEDERATED NATL HLDG CO CMN	$1,196,000	-1.0%	49,800	-0.2%	0.16%	0.0%
LIND	New	LINDBLAD EXPEDITIONS HLDGS INC CMN	$1,194,000	–	122,200	–	0.16%	–
HIFR	New	INFRAREIT, INC. CMN	$1,184,000	–	50,000	–	0.16%	–
MTG	New	MGIC INVESTMENT CORP COMMON STOCK	$1,134,000	–	122,492	–	0.15%	–
WMB	Buy	THE WILLIAMS COMPANIES, INC. CMN	$1,010,000	-12.0%	27,400	+37.0%	0.14%	-11.0%
BLVDU	New	BOULEVARD ACQUISITION CORP. II CORP II UNITother	$997,000	–	100,000	–	0.14%	–
GILD	New	GILEAD SCIENCES CMN	$982,000	–	10,000	–	0.13%	–
MWW	New	MONSTER WORLDWIDE INC. CMN	$888,000	–	138,304	–	0.12%	–
AGFSW	New	WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019call	$876,000	–	400,000	–	0.12%	–
DHR	New	DANAHER CORPORATION CMN	$852,000	–	10,000	–	0.12%	–
NICK	New	NICHOLAS FINANCIAL, INC. CMN	$772,000	–	59,454	–	0.10%	–
VVI	New	VIAD CORP CMN	$678,000	–	23,400	–	0.09%	–
AIG	New	AMERICAN INTL GROUP, INC. CMN	$568,000	–	10,000	–	0.08%	–
XENE	New	XENON PHARMACEUTICALS INC. CMN	$567,000	–	68,690	–	0.08%	–
TACOW	New	WTS/DEL TACO RESTAURANTS INC 11.5000 EXP01/06/2018call	$517,000	–	100,000	–	0.07%	–
CSWC	New	CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	$354,000	–	7,477	–	0.05%	–
PNK	New	PINNACLE ENTMT INC CMN	$352,000	–	10,400	–	0.05%	–
JMP	Buy	JMP GROUP LLC. CMN	$336,000	+330.8%	54,174	+441.7%	0.04%	+350.0%
EVI	Buy	ENVIROSTAR INC CMN	$303,000	+178.0%	75,874	+209.9%	0.04%	+173.3%
AGN	New	ALLERGAN PLC CMN	$272,000	–	1,000	–	0.04%	–
HTM	New	U.S. GEOTHERMAL, INC. CMN	$253,000	–	410,200	–	0.03%	–
AYA	New	AMAYA INC. CMN	$248,000	–	13,600	–	0.03%	–
LARK	Buy	LANDMARK BANCORP INC CMN	$255,000	+5000.0%	10,000	+4900.0%	0.03%	+3300.0%
GIM	New	TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	$244,000	–	40,000	–	0.03%	–
EXPD	New	EXPEDITORS INTL WASH INC CMN	$235,000	–	5,000	–	0.03%	–
LINDW	New	WTS/LINDBLAD EXPEDITIONS HLDGS IN 11.5000 EXP05/15/2016call	$187,000	–	100,000	–	0.02%	–
DHIL	New	DIAMOND HILL INVESTMENT GROUP CMN	$186,000	–	1,000	–	0.02%	–
CORR	New	CORENERGY INFRASTRUCTURE TRUST INC	$177,000	–	40,000	–	0.02%	–
UPIP	New	UNWIRED PLANET INC CMN	$145,000	–	200,000	–	0.02%	–
AMAT	New	APPLIED MATERIALS INC CMN	$147,000	–	10,000	–	0.02%	–
AMS	Buy	AMERICAN SHARED HOSP SVCS CMN	$145,000	+2316.7%	75,058	+2834.2%	0.02%	+1900.0%
WBS	New	WEBSTER FINANCIAL CORP CMN	$125,000	–	3,500	–	0.02%	–
CC	New	CHEMOURS COMPANY (THE) CMN	$129,000	–	20,000	–	0.02%	–
VDTH	New	VIDEOCON D2H LTD ADR CMN	$97,000	–	10,000	–	0.01%	–
RICE	New	RICE ENERGY INC CMN	$81,000	–	5,000	–	0.01%	–
MRVC	New	MRV COMMUNICATIONS, INC. CMN	$26,000	–	1,800	–	0.00%	–
AAPL	Sell	APPLE, INC. CMN	$33,000	-98.7%	300	-98.5%	0.00%	-98.8%
CAF	New	MORGAN STANLEY CHINA A SHARE FUND, INC.	$22,000	–	1,000	–	0.00%	–
NSM	New	NATIONSTAR MTG HLDGS INC CMN	$14,000	–	1,000	–	0.00%	–
OCN	New	OCWEN FINANCIAL CORPORATION CMN	$7,000	–	1,000	–	0.00%	–
TACO	Exit	LEVY ACQUISITION CORPORATION CMN	$0	–	-100	–	0.00%	–
CVEO	New	CIVEO CORP CMN	$1,000	–	1,000	–	0.00%	–
TACO	New	DEL TACO RESTAURANTS INC CMN	$1,000	–	100	–	0.00%	–
CVEO	Exit	CIVEO CORP CMN	$0	–	-1,000	–	0.00%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD. CMN	$0	–	-2,100	–	-0.01%	–
NYRT	Exit	NEW YORK REIT INC CONV CMN	$0	–	-10,000	–	-0.01%	–
ENVA	Exit	ENOVA INTERNATIONAL, INC. CMN	$0	–	-9,150	–	-0.02%	–
CLACW	Exit	WTS/CAPITOL ACQUISITION CORP. EXP12/31/2016call	$0	–	-100,000	–	-0.03%	–
IFT	Exit	IMPERIAL HOLDINGS, INC. CMN	$0	–	-95,125	–	-0.07%	–
TACOW	Exit	WTS/LEVY ACQUISITION CORPORATI EXP12/31/2018call	$0	–	-100,000	–	-0.08%	–
SKIS	Exit	PEAK RESORTS, INC. CMN	$0	–	-100,000	–	-0.10%	–
AUMA	Exit	AR CAP ACQUISITION CORP CMN	$0	–	-100,000	–	-0.13%	–
CLAC	Exit	CAPITOL ACQUISITION CORP. II CMN	$0	–	-100,000	–	-0.14%	–
BLVDW	Exit	WTS/BOULEVARD ACQUISITION CORP EXP03/31/19call	$0	–	-392,980	–	-0.19%	–
MAG	Exit	MAGNETEK, INC. CMN	$0	–	-53,300	–	-0.25%	–
BLVD	Exit	BOULEVARD ACQUISITION CORP CMN	$0	–	-200,000	–	-0.34%	–
XIV	Exit	VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETNetf	$0	–	-65,000	–	-0.35%	–
GE	Exit	GENERAL ELECTRIC CO CMN	$0	–	-100,000	–	-0.36%	–
NCR	Exit	NCR CORPORATION CMN	$0	–	-124,527	–	-0.50%	–

Q2 2015

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$313,607,000	–	1,523,471	–	42.00%	–
VOO	New	VANGUARD S&P 500 ETFetf	$286,247,000	–	1,515,818	–	38.33%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$29,920,000	–	380,756	–	4.01%	–
VEA	New	VANGUARD FTSE DEVELOPED MKTS CMN ETFetf	$15,860,000	–	400,000	–	2.12%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$7,579,000	–	37	–	1.02%	–
BXMT	New	BLACKSTONE MORTGAGE TRUST INC CMN	$6,840,000	–	245,882	–	0.92%	–
ABBV	New	ABBVIE INC. CMN	$6,719,000	–	100,000	–	0.90%	–
CI	New	CIGNA CORPORATION CMN	$5,228,000	–	32,274	–	0.70%	–
HUM	New	HUMANA INC. CMN	$3,826,000	–	20,000	–	0.51%	–
NCR	New	NCR CORPORATION CMN	$3,748,000	–	124,527	–	0.50%	–
JPM	New	JPMORGAN CHASE & CO CMN	$3,388,000	–	50,000	–	0.45%	–
GE	New	GENERAL ELECTRIC CO CMN	$2,657,000	–	100,000	–	0.36%	–
XIV	New	VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETNetf	$2,640,000	–	65,000	–	0.35%	–
EZPW	New	E Z CORP INC CL-A NON VTG CMN CLASS A	$2,629,000	–	353,796	–	0.35%	–
AEM	New	AGNICO EAGLE MINES LTD CMN	$2,584,000	–	91,080	–	0.35%	–
EWJ	New	ISHARES MSCI JAPAN ETF ge.etf	$2,562,000	–	200,000	–	0.34%	–
BAC	New	BANK OF AMERICA CORP CMN	$2,553,000	–	150,000	–	0.34%	–
AAPL	New	APPLE, INC. CMN	$2,509,000	–	20,000	–	0.34%	–
BLVD	New	BOULEVARD ACQUISITION CORP CMN	$2,500,000	–	200,000	–	0.34%	–
BACWSA	New	WTS/BANK OF AMERICA CORP 13.3000 EXP01/16/2019call	$2,468,000	–	400,000	–	0.33%	–
SIGM	New	SIGMA DESIGNS INC CMN	$2,386,000	–	200,000	–	0.32%	–
FIG	New	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$2,007,000	–	274,982	–	0.27%	–
MAG	New	MAGNETEK, INC. CMN	$1,834,000	–	53,300	–	0.25%	–
BKD	New	BROOKDALE SENIOR LIVING, INC. CMN	$1,735,000	–	50,000	–	0.23%	–
VIRT	New	VIRTU FINANCIAL, INC. CMN CLASS A	$1,472,000	–	62,700	–	0.20%	–
BLVDW	New	WTS/BOULEVARD ACQUISITION CORP EXP03/31/19call	$1,434,000	–	392,980	–	0.19%	–
PPBI	New	PACIFIC PREMIER BANCORP CMN	$1,380,000	–	81,391	–	0.18%	–
GBDC	New	GOLUB CAPITAL BDC LLC CMN	$1,334,000	–	80,527	–	0.18%	–
VYM	New	VANGUARD INDEX FUNDS (VANGUARD HIGH DIVIDEND YIELD ETFetf	$1,340,000	–	19,900	–	0.18%	–
EARN	New	ELLINGTON RESIDENTIAL MORT REIT CMN	$1,231,000	–	86,225	–	0.16%	–
FNHC	New	FEDERATED NATL HLDG CO CMN	$1,208,000	–	49,900	–	0.16%	–
WMB	New	THE WILLIAMS COMPANIES, INC. CMN	$1,148,000	–	20,000	–	0.15%	–
CLAC	New	CAPITOL ACQUISITION CORP. II CMN	$1,055,000	–	100,000	–	0.14%	–
CVS	New	CVS HEALTH CORP CMN	$1,049,000	–	10,000	–	0.14%	–
WLRH	New	WL ROSS HOLDING CORP. CMN	$1,041,000	–	100,000	–	0.14%	–
AUMA	New	AR CAP ACQUISITION CORP CMN	$980,000	–	100,000	–	0.13%	–
TOL	New	TOLL BROTHERS, INC. CMN	$925,000	–	24,231	–	0.12%	–
GPI	New	GROUP 1 AUTOMOTIVE, INC. CMN	$908,000	–	10,000	–	0.12%	–
ESNT	New	ESSENT GROUP LTD. CMN	$821,000	–	30,000	–	0.11%	–
CBLAQ	New	CBL & ASSOC PROPERTIES, INC. CMN	$810,000	–	50,000	–	0.11%	–
ACRE	New	ARES COMMERCIAL REAL ESTATE CO CMN	$791,000	–	69,472	–	0.11%	–
ROCK	New	GIBRALTAR INDUSTRIES INC CMN	$779,000	–	38,233	–	0.10%	–
SKIS	New	PEAK RESORTS, INC. CMN	$716,000	–	100,000	–	0.10%	–
MAIN	New	MAIN STREET CAPITAL CORP CMN	$715,000	–	22,400	–	0.10%	–
MLNK	New	MODUSLINK GLOBAL SOLUTIONS, IN*C CMN	$680,000	–	200,000	–	0.09%	–
LORL	New	LORAL SPACE &COMMUNICATION INC*. CMN	$631,000	–	10,000	–	0.08%	–
BIF	New	BOULDER GROWTH & INCOME FD INC MUTUAL FUND	$598,000	–	70,906	–	0.08%	–
TACOW	New	WTS/LEVY ACQUISITION CORPORATI EXP12/31/2018call	$580,000	–	100,000	–	0.08%	–
GLRE	New	GREENLIGHT CAPITAL RE LTD-A CMN	$575,000	–	19,696	–	0.08%	–
AIGWS	New	WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021call	$554,000	–	20,000	–	0.07%	–
IFT	New	IMPERIAL HOLDINGS, INC. CMN	$551,000	–	95,125	–	0.07%	–
ELECU	New	ELECTRUM SPL ACQUISITION CORP UNITother	$501,000	–	50,000	–	0.07%	–
LUK	New	LEUCADIA NATIONAL CORP CMN	$495,000	–	20,400	–	0.07%	–
AUY	New	YAMANA GOLD INC CMN	$469,000	–	156,352	–	0.06%	–
TPH	New	TRI POINTE HOMES INC CMN	$459,000	–	30,000	–	0.06%	–
ARW	New	ARROW ELECTRONICS INC. CMN	$414,000	–	7,426	–	0.06%	–
AJX	New	GREAT AJAX CORP CMN	$355,000	–	25,000	–	0.05%	–
UHAL	New	AMERCO CMN	$327,000	–	1,000	–	0.04%	–
ACLS	New	AXCELIS TECHNOLOGIES, INC. CMN	$296,000	–	100,000	–	0.04%	–
STAR	New	ISTAR FINANCIAL INC. CMN	$266,000	–	20,000	–	0.04%	–
CSH	New	CASH AMER INTL INC CMN	$262,000	–	10,000	–	0.04%	–
TCRD	New	THL CREDIT INC MUTUAL FUND	$254,000	–	21,964	–	0.03%	–
NORD	New	NORD ANGLIA EDUCATION, INC. CMN	$245,000	–	10,000	–	0.03%	–
CIO	New	CITY OFFICE REIT, INC. CMN	$231,000	–	18,600	–	0.03%	–
FCCO	New	FIRST CMNTY CORP S C CMN	$228,000	–	19,301	–	0.03%	–
CLACW	New	WTS/CAPITOL ACQUISITION CORP. EXP12/31/2016call	$235,000	–	100,000	–	0.03%	–
AGNC	New	AMERICAN CAPITAL AGENCY CORP. CMN	$184,000	–	10,000	–	0.02%	–
ENVA	New	ENOVA INTERNATIONAL, INC. CMN	$171,000	–	9,150	–	0.02%	–
CUNB	New	CU BANCORP CMN	$164,000	–	7,397	–	0.02%	–
AAP	New	ADVANCE AUTO PARTS, INC. CMN	$159,000	–	1,000	–	0.02%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$126,000	–	5,900	–	0.02%	–
DRAD	New	DIGIRAD CORPORATION CMN	$130,000	–	30,000	–	0.02%	–
IRIX	New	IRIDEX CORP CMN	$124,000	–	15,000	–	0.02%	–
CMO	New	CAPSTEAD MORTGAGE CORPORATION CMN	$111,000	–	10,000	–	0.02%	–
EVI	New	ENVIROSTAR INC CMN	$109,000	–	24,486	–	0.02%	–
NYRT	New	NEW YORK REIT INC CONV CMN	$100,000	–	10,000	–	0.01%	–
JAKK	New	JAKKS PACIFIC INC CMN	$98,000	–	9,900	–	0.01%	–
PFLT	New	PENNANTPARK FLOATING RATE CAP LTD	$87,000	–	6,245	–	0.01%	–
PEP	New	PEPSICO INC CMN	$93,000	–	1,000	–	0.01%	–
CUO	New	CONTINENTAL MATERIALS CORP CMN	$74,000	–	4,771	–	0.01%	–
JMP	New	JMP GROUP LLC. CMN	$78,000	–	10,000	–	0.01%	–
GFED	New	GUARANTY FEDERAL BANCSHARES INC	$74,000	–	5,000	–	0.01%	–
RLGT	New	RADIANT LOGISTICS INC CMN	$61,000	–	8,410	–	0.01%	–
SFE	New	SAFEGUARD SCIENTIFICS INC CMN	$54,000	–	2,800	–	0.01%	–
NSP	New	INSPERITY INC CMN	$51,000	–	1,000	–	0.01%	–
SODA	New	SODASTREAM INTERNATIONAL LTD. CMN	$44,000	–	2,100	–	0.01%	–
HBIO	New	HARVARD BIOSCIENCE INC CMN	$35,000	–	6,200	–	0.01%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$26,000	–	542	–	0.00%	–
QCRH	New	QCR HOLDINGS INC CMN	$22,000	–	1,000	–	0.00%	–
TCAP	New	TRIANGLE CAPITAL CORPORATION MUTUAL FUND	$23,000	–	1,000	–	0.00%	–
GNVC	New	GENVEC INC CMN	$24,000	–	11,800	–	0.00%	–
NMFC	New	NEW MOUNTAIN FINANCE CORP MUTUAL FUND	$14,000	–	1,000	–	0.00%	–
HTGC	New	HERCULES TECHNOLOGY GROWTH CAPITAL, INC.	$12,000	–	1,000	–	0.00%	–
PNNT	New	PENNANTPARK INVESTMENT CORP MUTUAL FUND	$12,000	–	1,405	–	0.00%	–
WLFC	New	WILLIS LEASE FINANCE CORP CMN	$18,000	–	1,000	–	0.00%	–
TCPC	New	TCP CAP CORP MUTUAL FUND	$15,000	–	1,000	–	0.00%	–
DDE	New	DOVER DOWNS GAMING & ENTMT INC CMN	$15,000	–	16,157	–	0.00%	–
APT	New	ALPHA PRO TECH LTD CMN	$8,000	–	3,600	–	0.00%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$11,000	–	4,845	–	0.00%	–
HSGX	New	HISTOGENICS CORP CMN	$6,000	–	1,000	–	0.00%	–
LUB	New	LUBYS INC CMN STOCK CMN	$4,000	–	900	–	0.00%	–
DXYN	New	DIXIE GROUP INC CMN CLASS A	$11,000	–	1,000	–	0.00%	–
AMS	New	AMERICAN SHARED HOSP SVCS CMN	$6,000	–	2,558	–	0.00%	–
QCCO	New	QC HOLDINGS, INC. CMN	$5,000	–	2,749	–	0.00%	–
LARK	New	LANDMARK BANCORP INC CMN	$5,000	–	200	–	0.00%	–
VOLT	New	VOLT INFO SCIENCES, INC. CMN	$11,000	–	1,102	–	0.00%	–
KEM	New	KEMET CORPORATION CMN	$1,000	–	100	–	0.00%	–
TACO	New	LEVY ACQUISITION CORPORATION CMN	$2,000	–	100	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$3,000	–	1,000	–	0.00%	–
CVEO	New	CIVEO CORP CMN	$3,000	–	1,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
KEM	Exit	KEMET CORPORATION CMN	$0	–	-100	–	0.00%	–
QCCO	Exit	QC HOLDINGS, INC. CMN	$0	–	-2,749	–	-0.00%	–
LUB	Exit	LUBYS INC CMN STOCK CMN	$0	–	-900	–	-0.00%	–
VOLT	Exit	VOLT INFO SCIENCES, INC. CMN	$0	–	-1,102	–	-0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	-0.00%	–
DDE	Exit	DOVER DOWNS GAMING & ENTMT INC CMN	$0	–	-16,157	–	-0.00%	–
APT	Exit	ALPHA PRO TECH LTD CMN	$0	–	-3,600	–	-0.00%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-4,845	–	-0.00%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MKTS CMN ETFetf	$0	–	-434	–	-0.00%	–
HBIO	Exit	HARVARD BIOSCIENCE INC CMN	$0	–	-6,200	–	-0.00%	–
GNVC	Exit	GENVEC INC CMN	$0	–	-11,800	–	-0.00%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.00%	–
NSP	Exit	INSPERITY INC CMN	$0	–	-1,000	–	-0.00%	–
VXX	Exit	BARCLAYS BK PLC-IPATH S&P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETNetf	$0	–	-1,000	–	-0.01%	–
RLGT	Exit	RADIANT LOGISTICS INC CMN	$0	–	-8,410	–	-0.01%	–
ESNT	Exit	ESSENT GROUP LTD. CMN	$0	–	-2,000	–	-0.01%	–
GFED	Exit	GUARANTY FEDERAL BANCSHARES INC	$0	–	-5,000	–	-0.01%	–
CUO	Exit	CONTINENTAL MATERIALS CORP CMN	$0	–	-4,771	–	-0.01%	–
IFT	Exit	IMPERIAL HOLDINGS, INC. CMN	$0	–	-12,100	–	-0.01%	–
TPH	Exit	TRI POINTE HOMES INC CMN	$0	–	-10,000	–	-0.02%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-5,900	–	-0.02%	–
NORD	Exit	NORD ANGLIA EDUCATION, INC. CMN	$0	–	-10,000	–	-0.02%	–
TTSH	Exit	TILE SHOP HLDGS INC CMN	$0	–	-20,000	–	-0.03%	–
FCCO	Exit	FIRST CMNTY CORP S C CMN	$0	–	-19,301	–	-0.03%	–
CBRIQ	Exit	CIBER INC CMN	$0	–	-60,000	–	-0.03%	–
UHAL	Exit	AMERCO CMN	$0	–	-1,000	–	-0.04%	–
NATR	Exit	NATURES SUNSHINE PRODS INC CMN	$0	–	-24,035	–	-0.05%	–
ARW	Exit	ARROW ELECTRONICS INC. CMN	$0	–	-7,426	–	-0.06%	–
CSH	Exit	CASH AMER INTL INC CMN	$0	–	-10,000	–	-0.06%	–
LUK	Exit	LEUCADIA NATIONAL CORP CMN	$0	–	-20,400	–	-0.07%	–
ROCK	Exit	GIBRALTAR INDUSTRIES INC CMN	$0	–	-38,233	–	-0.08%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTD-A CMN	$0	–	-19,696	–	-0.09%	–
LORL	Exit	LORAL SPACE &COMMUNICATION INC*. CMN	$0	–	-10,000	–	-0.11%	–
TOL	Exit	TOLL BROTHERS, INC. CMN	$0	–	-24,231	–	-0.11%	–
CVS	Exit	CVS HEALTH CORP CMN	$0	–	-10,000	–	-0.12%	–
NSAM	Exit	NORTHSTAR ASSET MANAGEMENT, IN*C. CMN	$0	–	-50,000	–	-0.14%	–
AUY	Exit	YAMANA GOLD INC CMN	$0	–	-156,352	–	-0.14%	–
LEAF	Exit	SPRINGLEAF HOLDINGS INC CMN	$0	–	-30,590	–	-0.14%	–
STWD	Exit	STARWOOD PROPERTY TRUST INC. CMN	$0	–	-49,400	–	-0.16%	–
PPBI	Exit	PACIFIC PREMIER BANCORP CMN	$0	–	-81,391	–	-0.17%	–
EARN	Exit	ELLINGTON RESIDENTIAL MORT REIT CMN	$0	–	-84,425	–	-0.20%	–
MMM	Exit	3M COMPANY CMN	$0	–	-10,000	–	-0.21%	–
EZPW	Exit	E Z CORP INC CL-A NON VTG CMN CLASS A	$0	–	-153,796	–	-0.22%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$0	–	-274,982	–	-0.28%	–
MRK	Exit	MERCK & CO., INC. CMN	$0	–	-35,000	–	-0.31%	–
FNHC	Exit	FEDERATED NATL HLDG CO CMN	$0	–	-75,000	–	-0.31%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-40,000	–	-0.36%	–
BXMT	Exit	BLACKSTONE MORTGAGE TRUST INC CMN	$0	–	-90,606	–	-0.36%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-150,000	–	-0.38%	–
AEM	Exit	AGNICO EAGLE MINES LTD CMN	$0	–	-91,080	–	-0.39%	–
ABBV	Exit	ABBVIE INC. CMN	$0	–	-60,700	–	-0.52%	–
YHOO	Exit	YAHOO INC CMN	$0	–	-100,000	–	-0.60%	–
MSFT	Exit	MICROSOFT CORPORATION CMN	$0	–	-100,000	–	-0.68%	–
TEVA	Exit	TEVA PHARMACEUTICAL IND LTD ADS	$0	–	-100,000	–	-0.79%	–
AIG	Exit	AMERICAN INTL GROUP, INC. CMN	$0	–	-100,000	–	-0.80%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-37	–	-1.13%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$0	–	-280,756	–	-3.18%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-1,627,018	–	-43.29%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-1,523,471	–	-44.23%	–

Q3 2014

			Value		Shares		↓ Weighting
VOO	Buy	VANGUARD S&P 500 ETFetf	$293,823,000	+12.3%	1,627,018	+11.6%	43.29%	+12.3%
EZPW	Buy	E Z CORP INC CL-A NON VTG CMN CLASS A	$1,524,000	+4.0%	153,796	+21.3%	0.22%	+4.2%
NSAM	New	NORTHSTAR ASSET MANAGEMENT, IN*C. CMN	$921,000	–	50,000	–	0.14%	–
LORL	New	LORAL SPACE &COMMUNICATION INC*. CMN	$718,000	–	10,000	–	0.11%	–
CSH	New	CASH AMER INTL INC CMN	$438,000	–	10,000	–	0.06%	–
CBRIQ	Sell	CIBER INC CMN	$206,000	-79.1%	60,000	-70.0%	0.03%	-79.5%
TTSH	New	TILE SHOP HLDGS INC CMN	$185,000	–	20,000	–	0.03%	–
CET	Sell	CENTRAL SECURITIES CORP. MUTUAL FUND	$136,000	-20.5%	5,900	-19.2%	0.02%	-20.0%
TPH	New	TRI POINTE HOMES INC CMN	$129,000	–	10,000	–	0.02%	–
VOLT	New	VOLT INFO SCIENCES, INC. CMN	$10,000	–	1,102	–	0.00%	–
DAEG	Exit	DAEGIS INC CMN	$0	–	-1,400	–	0.00%	–
UNTD	Exit	UNITED ONLINE, INC. CMN	$0	–	-328	–	0.00%	–
CALL	Exit	MAGICJACK VOCALTEC LTD CMN	$0	–	-1,000	–	-0.00%	–
XNCR	Exit	XENCOR, INC. CMN	$0	–	-5,169	–	-0.01%	–
JWN	Exit	NORDSTROM INC CMN	$0	–	-1,000	–	-0.01%	–
ORI	Exit	OLD REPUBLIC INTL CORP CMN	$0	–	-5,000	–	-0.01%	–
ZINCQ	Exit	HORSEHEAD HOLDING CORP. CMN	$0	–	-5,000	–	-0.01%	–
FFCO	Exit	FEDFIRST FINANCIAL CORPORATION CMN	$0	–	-4,390	–	-0.01%	–
BCRHF	Exit	BLUE CAPITAL REINSURANCE HOLDI*NGS LIMITED CMN	$0	–	-5,402	–	-0.02%	–
GRX	Exit	GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND	$0	–	-10,925	–	-0.02%	–
IBP	Exit	INSTALLED BLDG PRODS INC CMN	$0	–	-10,000	–	-0.02%	–
CPS	Exit	COOPER-STANDARD HOLDINGS INC. CMN	$0	–	-2,295	–	-0.02%	–
TWOU	Exit	2U INC CMN	$0	–	-10,100	–	-0.02%	–
SWHC	Exit	SMITH & WESSON HOLDING CORP CMN	$0	–	-14,000	–	-0.03%	–
MCHX	Exit	MARCHEX INC CMN CLASS B	$0	–	-16,813	–	-0.03%	–
OXGN	Exit	OXIGENE INC CMN	$0	–	-99,000	–	-0.04%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC CMN	$0	–	-21,300	–	-0.05%	–
RXDX	Exit	IGNYTA INC CMN	$0	–	-38,292	–	-0.05%	–
TCX	Exit	TUCOWS, INC. CMN CLASS A	$0	–	-28,239	–	-0.05%	–
RICE	Exit	RICE ENERGY INC CMN	$0	–	-14,700	–	-0.07%	–
MVC	Exit	MVC CAPITAL INC CLOSED END FUND	$0	–	-55,278	–	-0.11%	–
TSRO	Exit	TESARO INC CMN	$0	–	-25,000	–	-0.12%	–
MNKKQ	Exit	MALLINCKRODT PUBLIC LIMITED CO CMN	$0	–	-10,000	–	-0.12%	–
MFCB	Exit	MFC INDUSTRIAL LTD CMN	$0	–	-106,855	–	-0.12%	–
M	Exit	MACY'S INC. CMN	$0	–	-15,502	–	-0.13%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP CMN	$0	–	-10,000	–	-0.15%	–
MGNX	Exit	MACROGENICS, INC. CMN	$0	–	-50,000	–	-0.16%	–
ITMN	Exit	INTERMUNE, INC. CMN	$0	–	-25,000	–	-0.16%	–
SQM	Exit	SOCIEDAD QUIMICA MINERAL DE CHILE S A SPON ADR REPSTG SER B SHS	$0	–	-39,600	–	-0.17%	–
J106OPTLDIV	Exit	CBS OUTDOOR AMERICAS INC. CMN	$0	–	-50,600	–	-0.24%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC CMN	$0	–	-20,000	–	-0.28%	–
UPS	Exit	UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	$0	–	-20,000	–	-0.30%	–
MYL	Exit	MYLAN INC CMN	$0	–	-50,000	–	-0.38%	–
BIIB	Exit	BIOGEN IDEC INC. CMN	$0	–	-10,000	–	-0.46%	–
UIHC	Exit	UNITED INSURANCE HOLDINGS CORP CMN	$0	–	-198,522	–	-0.50%	–
GILD	Exit	GILEAD SCIENCES CMN	$0	–	-54,000	–	-0.66%	–
CELG	Exit	CELGENE CORPORATION CMN	$0	–	-60,000	–	-0.76%	–

Q2 2014

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$298,174,000	–	1,523,471	–	43.94%	–
VOO	New	VANGUARD INDEX FUNDS VANGUARD S&P 500 ETFetf	$261,639,000	–	1,458,168	–	38.56%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$21,885,000	–	280,756	–	3.22%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$7,026,000	–	37	–	1.04%	–
AIG	New	AMERICAN INTL GROUP, INC. CMN	$5,458,000	–	100,000	–	0.80%	–
TEVA	New	TEVA PHARMACEUTICAL IND LTD ADS	$5,242,000	–	100,000	–	0.77%	–
CELG	New	CELGENE CORPORATION CMN	$5,153,000	–	60,000	–	0.76%	–
GILD	New	GILEAD SCIENCES CMN	$4,477,000	–	54,000	–	0.66%	–
MSFT	New	MICROSOFT CORPORATION CMN	$4,170,000	–	100,000	–	0.61%	–
YHOO	New	YAHOO INC CMN	$3,513,000	–	100,000	–	0.52%	–
AEM	New	AGNICO EAGLE MINES LTD CMN	$3,488,000	–	91,080	–	0.51%	–
UIHC	New	UNITED INSURANCE HOLDINGS CORP CMN	$3,426,000	–	198,522	–	0.50%	–
ABBV	New	ABBVIE INC. CMN	$3,426,000	–	60,700	–	0.50%	–
BIIB	New	BIOGEN IDEC INC. CMN	$3,153,000	–	10,000	–	0.46%	–
BXMT	New	BLACKSTONE MORTGAGE TRUST INC CMN	$2,628,000	–	90,606	–	0.39%	–
MYL	New	MYLAN INC CMN	$2,578,000	–	50,000	–	0.38%	–
BAC	New	BANK OF AMERICA CORP CMN	$2,306,000	–	150,000	–	0.34%	–
JPM	New	JPMORGAN CHASE & CO CMN	$2,305,000	–	40,000	–	0.34%	–
UPS	New	UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	$2,053,000	–	20,000	–	0.30%	–
FIG	New	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$2,046,000	–	274,982	–	0.30%	–
MRK	New	MERCK & CO., INC. CMN	$2,025,000	–	35,000	–	0.30%	–
FNHC	New	FEDERATED NATL HLDG CO CMN	$1,913,000	–	75,000	–	0.28%	–
VRTX	New	VERTEX PHARMACEUTICALS INC CMN	$1,894,000	–	20,000	–	0.28%	–
J106OPTLDIV	New	CBS OUTDOOR AMERICAS INC. CMN	$1,654,000	–	50,600	–	0.24%	–
EZPW	New	E Z CORP INC CL-A NON VTG CMN CLASS A	$1,465,000	–	126,804	–	0.22%	–
EARN	New	ELLINGTON RESIDENTIAL MORT REIT CMN	$1,438,000	–	84,425	–	0.21%	–
MMM	New	3M COMPANY CMN	$1,432,000	–	10,000	–	0.21%	–
AUY	New	YAMANA GOLD INC CMN	$1,285,000	–	156,352	–	0.19%	–
STWD	New	STARWOOD PROPERTY TRUST INC. CMN	$1,174,000	–	49,400	–	0.17%	–
SQM	New	SOCIEDAD QUIMICA MINERAL DE CHILE S A SPON ADR REPSTG SER B SHS	$1,161,000	–	39,600	–	0.17%	–
PPBI	New	PACIFIC PREMIER BANCORP CMN	$1,147,000	–	81,391	–	0.17%	–
ITMN	New	INTERMUNE, INC. CMN	$1,104,000	–	25,000	–	0.16%	–
MGNX	New	MACROGENICS, INC. CMN	$1,087,000	–	50,000	–	0.16%	–
OXY	New	OCCIDENTAL PETROLEUM CORP CMN	$1,026,000	–	10,000	–	0.15%	–
CBRIQ	New	CIBER INC CMN	$988,000	–	200,000	–	0.15%	–
TOL	New	TOLL BROTHERS, INC. CMN	$894,000	–	24,231	–	0.13%	–
M	New	MACY'S INC. CMN	$899,000	–	15,502	–	0.13%	–
MFCB	New	MFC INDUSTRIAL LTD CMN	$817,000	–	106,855	–	0.12%	–
MNKKQ	New	MALLINCKRODT PUBLIC LIMITED CO CMN	$800,000	–	10,000	–	0.12%	–
LEAF	New	SPRINGLEAF HOLDINGS INC CMN	$794,000	–	30,590	–	0.12%	–
TSRO	New	TESARO INC CMN	$778,000	–	25,000	–	0.12%	–
CVS	New	CVS CAREMARK CORPORATION CMN	$754,000	–	10,000	–	0.11%	–
MVC	New	MVC CAPITAL INC CLOSED END FUND	$716,000	–	55,278	–	0.11%	–
GLRE	New	GREENLIGHT CAPITAL RE LTD-A CMN	$649,000	–	19,696	–	0.10%	–
ROCK	New	GIBRALTAR INDUSTRIES INC CMN	$593,000	–	38,233	–	0.09%	–
LUK	New	LEUCADIA NATIONAL CORP CMN	$535,000	–	20,400	–	0.08%	–
RICE	New	RICE ENERGY INC CMN	$448,000	–	14,700	–	0.07%	–
ARW	New	ARROW ELECTRONICS INC. CMN	$449,000	–	7,426	–	0.07%	–
NATR	New	NATURES SUNSHINE PRODS INC CMN	$408,000	–	24,035	–	0.06%	–
TCX	New	TUCOWS, INC. CMN CLASS A	$346,000	–	28,239	–	0.05%	–
RXDX	New	IGNYTA INC CMN	$348,000	–	38,292	–	0.05%	–
CBPX	New	CONTINENTAL BLDG PRODS INC CMN	$328,000	–	21,300	–	0.05%	–
UHAL	New	AMERCO CMN	$291,000	–	1,000	–	0.04%	–
OXGN	New	OXIGENE INC CMN	$256,000	–	99,000	–	0.04%	–
FCCO	New	FIRST CMNTY CORP S C CMN	$206,000	–	19,301	–	0.03%	–
MCHX	New	MARCHEX INC CMN CLASS B	$202,000	–	16,813	–	0.03%	–
SWHC	New	SMITH & WESSON HOLDING CORP CMN	$204,000	–	14,000	–	0.03%	–
NORD	New	NORD ANGLIA EDUCATION, INC. CMN	$183,000	–	10,000	–	0.03%	–
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$171,000	–	7,300	–	0.02%	–
TWOU	New	2U INC CMN	$170,000	–	10,100	–	0.02%	–
CPS	New	COOPER-STANDARD HOLDINGS INC. CMN	$152,000	–	2,295	–	0.02%	–
IBP	New	INSTALLED BLDG PRODS INC CMN	$123,000	–	10,000	–	0.02%	–
GRX	New	GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND	$113,000	–	10,925	–	0.02%	–
BCRHF	New	BLUE CAPITAL REINSURANCE HOLDI*NGS LIMITED CMN	$106,000	–	5,402	–	0.02%	–
FFCO	New	FEDFIRST FINANCIAL CORPORATION CMN	$96,000	–	4,390	–	0.01%	–
ZINCQ	New	HORSEHEAD HOLDING CORP. CMN	$91,000	–	5,000	–	0.01%	–
ORI	New	OLD REPUBLIC INTL CORP CMN	$83,000	–	5,000	–	0.01%	–
IFT	New	IMPERIAL HOLDINGS, INC. CMN	$83,000	–	12,100	–	0.01%	–
CUO	New	CONTINENTAL MATERIALS CORP CMN	$75,000	–	4,771	–	0.01%	–
JWN	New	NORDSTROM INC CMN	$68,000	–	1,000	–	0.01%	–
XNCR	New	XENCOR, INC. CMN	$60,000	–	5,169	–	0.01%	–
GFED	New	GUARANTY FEDERAL BANCSHARES INC	$63,000	–	5,000	–	0.01%	–
ESNT	New	ESSENT GROUP LTD. CMN	$40,000	–	2,000	–	0.01%	–
NSP	New	INSPERITY INC CMN	$33,000	–	1,000	–	0.01%	–
HBIO	New	HARVARD BIOSCIENCE INC CMN	$28,000	–	6,200	–	0.00%	–
RLGT	New	RADIANT LOGISTICS INC CMN	$26,000	–	8,410	–	0.00%	–
GNVC	New	GENVEC INC CMN	$30,000	–	11,800	–	0.00%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$28,000	–	542	–	0.00%	–
VXX	New	BARCLAYS BK PLC-IPATH S&P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETNetf	$29,000	–	1,000	–	0.00%	–
DDE	New	DOVER DOWNS GAMING & ENTMT INC CMN	$22,000	–	16,157	–	0.00%	–
VEA	New	VANGUARD FTSE DEVELOPED MKTS CMN ETFetf	$18,000	–	434	–	0.00%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$19,000	–	4,845	–	0.00%	–
CALL	New	MAGICJACK VOCALTEC LTD CMN	$15,000	–	1,000	–	0.00%	–
APT	New	ALPHA PRO TECH LTD CMN	$8,000	–	3,600	–	0.00%	–
QCCO	New	QC HOLDINGS, INC. CMN	$7,000	–	2,749	–	0.00%	–
LUB	New	LUBYS INC CMN STOCK CMN	$5,000	–	900	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$4,000	–	1,000	–	0.00%	–
KEM	New	KEMET CORPORATION CMN	$1,000	–	100	–	0.00%	–
UNTD	New	UNITED ONLINE, INC. CMN	$3,000	–	328	–	0.00%	–
DAEG	New	DAEGIS INC CMN	$2,000	–	1,400	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
KEM	Exit	KEMET CORPORATION CMN	$0	–	-100	–	0.00%	–
QCCO	Exit	QC HOLDINGS, INC. CMN	$0	–	-2,749	–	-0.00%	–
BODY	Exit	BODY CENTRAL ACQUISITION CORP. CMN	$0	–	-1,000	–	-0.00%	–
GLD	Exit	CALL/GLD @ 170 EXP 01/18/2014call	$0	–	-50	–	-0.00%	–
FONR	Exit	FONAR CORPORATION CMN	$0	–	-1,000	–	-0.00%	–
GROW	Exit	U.S. GLOBAL INVESTORS INC A CMN	$0	–	-1,000	–	-0.00%	–
DAEG	Exit	DAEGIS INC CMN	$0	–	-5,000	–	-0.00%	–
FLL	Exit	FULL HOUSE RESORTS CMN	$0	–	-1,197	–	-0.00%	–
APT	Exit	ALPHA PRO TECH LTD CMN	$0	–	-3,600	–	-0.00%	–
UNTD	Exit	UNITED ONLINE INC CMN	$0	–	-2,300	–	-0.00%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MKTS CMN ETFetf	$0	–	-434	–	-0.00%	–
HSON	Exit	HUDSON GLOBAL, INC. CMN	$0	–	-4,845	–	-0.00%	–
RLGT	Exit	RADIANT LOGISTICS INC CMN	$0	–	-8,410	–	-0.00%	–
DDE	Exit	DOVER DOWNS GAMING & ENTMT INC CMN	$0	–	-16,157	–	-0.00%	–
ADK	Exit	ADCARE HEALTH SYSTEMS, INC. CMN	$0	–	-6,137	–	-0.01%	–
XYL	Exit	XYLEM INC. CMN	$0	–	-1,000	–	-0.01%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$0	–	-542	–	-0.01%	–
CWBC	Exit	COMMUNITY WEST BANCSHARES CMN	$0	–	-5,000	–	-0.01%	–
MFCB	Exit	MFC INDUSTRIAL LTD CMN	$0	–	-3,373	–	-0.01%	–
DHT	Exit	DHT HOLDINGS INC CMN	$0	–	-11,396	–	-0.01%	–
JWN	Exit	NORDSTROM INC CMN	$0	–	-1,000	–	-0.01%	–
ZINCQ	Exit	HORSEHEAD HOLDING CORP. CMN	$0	–	-5,000	–	-0.01%	–
WCG	Exit	WELLCARE HEALTH PLANS INC CMN	$0	–	-1,000	–	-0.01%	–
IEP	Exit	ICAHN ENTERPRISES L.P. DEPOSITARY UNIT	$0	–	-888	–	-0.01%	–
CUO	Exit	CONTINENTAL MATERIALS CORP CMN	$0	–	-4,771	–	-0.01%	–
FFCO	Exit	FEDFIRST FINANCIAL CORPORATION CMN	$0	–	-4,390	–	-0.02%	–
GRX	Exit	GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND	$0	–	-10,925	–	-0.02%	–
MCHX	Exit	MARCHEX INC CMN CLASS B	$0	–	-16,813	–	-0.02%	–
CET	Exit	CENTRAL SECURITIES CORP. MUTUAL FUND	$0	–	-7,300	–	-0.03%	–
MTSC	Exit	MTS SYSTEMS CORP CMN	$0	–	-2,700	–	-0.03%	–
UHAL	Exit	AMERCO CMN	$0	–	-1,000	–	-0.03%	–
FCCO	Exit	FIRST CMNTY CORP S C CMN	$0	–	-19,301	–	-0.04%	–
GNW	Exit	GENWORTH FINANCIAL INC CMN CLASS A	$0	–	-16,300	–	-0.04%	–
WTBA	Exit	WEST BANCORPORATION INC CMN	$0	–	-16,225	–	-0.04%	–
MDCA	Exit	MDC PARTNERS INC CMN CLASS A SUB VTG	$0	–	-8,363	–	-0.04%	–
BZ	Exit	BOISE INC. CMN	$0	–	-20,000	–	-0.05%	–
M	Exit	MACY'S INC. CMN	$0	–	-6,002	–	-0.05%	–
OAK	Exit	OAKTREE CAPITAL GROUP, LLC CMN	$0	–	-5,000	–	-0.05%	–
AEM	Exit	AGNICO EAGLE MINES LTD CMN	$0	–	-10,000	–	-0.05%	–
TCX	Exit	TUCOWS INC. CMN	$0	–	-112,955	–	-0.05%	–
FOXA	Exit	TWENTY-FIRST CENTURY FOX, INC. CMN CLASS A	$0	–	-10,000	–	-0.06%	–
ARW	Exit	ARROW ELECTRONICS INC. CMN	$0	–	-7,426	–	-0.07%	–
NATR	Exit	NATURES SUNSHINE PRODS INC CMN	$0	–	-24,035	–	-0.08%	–
AAPL	Exit	APPLE, INC. CMN	$0	–	-1,000	–	-0.09%	–
ROCK	Exit	GIBRALTAR INDUSTRIES INC CMN	$0	–	-38,233	–	-0.10%	–
LUK	Exit	LEUCADIA NATIONAL CORP CMN	$0	–	-20,400	–	-0.10%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTD-A CMN	$0	–	-19,696	–	-0.10%	–
MVC	Exit	MVC CAPITAL INC CLOSED END FUND	$0	–	-55,278	–	-0.13%	–
DST	Exit	DST SYSTEM INC COMMON STOCK	$0	–	-10,000	–	-0.14%	–
CBRIQ	Exit	CIBER INC CMN	$0	–	-237,814	–	-0.14%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS INC (NEW)	$0	–	-60,019	–	-0.16%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP CMN	$0	–	-10,000	–	-0.17%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP, INC*. CMN	$0	–	-50,142	–	-0.17%	–
PPBI	Exit	PACIFIC PREMIER BANCORP CMN	$0	–	-81,391	–	-0.20%	–
CVS	Exit	CVS CAREMARK CORPORATION CMN	$0	–	-20,000	–	-0.21%	–
FFBC	Exit	FIRST FINL BANCORP CMN	$0	–	-77,161	–	-0.22%	–
CIT	Exit	CIT GROUP INC. CMN CLASS	$0	–	-24,600	–	-0.22%	–
GPS	Exit	GAP INC CMN	$0	–	-30,000	–	-0.22%	–
TBBK	Exit	THE BANCORP INC CMN	$0	–	-69,083	–	-0.22%	–
EBAY	Exit	EBAY INC. CMN	$0	–	-22,600	–	-0.23%	–
BANC	Exit	BANC OF CALIFORNIA INC CMN	$0	–	-100,000	–	-0.26%	–
LAZ	Exit	LAZARD LTD CMN CLASS A	$0	–	-39,806	–	-0.26%	–
CSCO	Exit	CISCO SYSTEMS, INC. CMN	$0	–	-70,633	–	-0.30%	–
COWN	Exit	COWEN GROUP, INC. CMN	$0	–	-500,000	–	-0.32%	–
FMER	Exit	FIRSTMERIT CORP CMN	$0	–	-79,791	–	-0.32%	–
UIHC	Exit	UNITED INSURANCE HOLDINGS CORP CMN	$0	–	-200,000	–	-0.33%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC CMN	$0	–	-391,807	–	-0.33%	–
TBI	Exit	TRUEBLUE, INC. CMN	$0	–	-78,018	–	-0.34%	–
EZPW	Exit	E Z CORP INC CL-A NON VTG CMN CLASS A	$0	–	-125,671	–	-0.39%	–
NSP	Exit	INSPERITY INC CMN	$0	–	-60,329	–	-0.42%	–
VOYA	Exit	ING AMERICA INSURANCE HOLDINGS*, INC. CMN	$0	–	-79,000	–	-0.43%	–
DHI	Exit	D.R. HORTON, INC. CMN	$0	–	-133,100	–	-0.48%	–
TOL	Exit	TOLL BROTHERS, INC. CMN	$0	–	-83,800	–	-0.50%	–
TJX	Exit	TJX COMPANIES INC (NEW) CMN	$0	–	-50,000	–	-0.52%	–
EWJ	Exit	ISHARES MSCI JAPAN ETFetf	$0	–	-248,100	–	-0.54%	–
ABC	Exit	AMERISOURCEBERGEN CORPORATION CMN	$0	–	-55,000	–	-0.62%	–
F	Exit	FORD MOTOR COMPANY CMN	$0	–	-215,000	–	-0.67%	–
ACN	Exit	ACCENTURE PLC CMN	$0	–	-50,000	–	-0.68%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$0	–	-530,885	–	-0.78%	–
MUR	Exit	MURPHY OIL CORPORATION CMN	$0	–	-70,000	–	-0.78%	–
ORI	Exit	OLD REPUBLIC INTL CORP CMN	$0	–	-314,600	–	-0.89%	–
SCHW	Exit	CHARLES SCHWAB CORPORATION CMN	$0	–	-236,300	–	-0.92%	–
PM	Exit	PHILIP MORRIS INTL INC CMN	$0	–	-60,000	–	-0.96%	–
MS	Exit	MORGAN STANLEY CMN	$0	–	-193,700	–	-0.96%	–
AMAT	Exit	APPLIED MATERIALS INC CMN	$0	–	-303,000	–	-0.98%	–
KR	Exit	KROGER COMPANY CMN	$0	–	-150,000	–	-1.12%	–
JPM	Exit	JPMORGAN CHASE & CO CMN	$0	–	-119,100	–	-1.14%	–
UPS	Exit	UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	$0	–	-68,091	–	-1.15%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$0	–	-37	–	-1.16%	–
CVX	Exit	CHEVRON CORPORATION CMN	$0	–	-58,900	–	-1.32%	–
GS	Exit	GOLDMAN SACHS GROUP, INC.(THE) CMN	$0	–	-47,625	–	-1.39%	–
BX	Exit	BLACKSTONE GROUP L.P. (THE) CMN	$0	–	-319,687	–	-1.47%	–
XLNX	Exit	XILINX INCORPORATED CMN	$0	–	-188,000	–	-1.62%	–
AIG	Exit	AMERICAN INTL GROUP, INC. CMN	$0	–	-185,000	–	-1.66%	–
BAC	Exit	BANK OF AMERICA CORP CMN	$0	–	-918,406	–	-2.34%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$0	–	-270,756	–	-3.48%	–
VOO	Exit	VANGUARD INDEX FDS S&P 500 ETFetf	$0	–	-1,353,823	–	-19.22%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-1,460,291	–	-45.24%	–

Q3 2013

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRUSTetf	$245,343,000	+10.8%	1,460,291	+5.8%	45.24%	+11.6%
VOO	Buy	VANGUARD INDEX FDS S&P 500 ETFetf	$104,244,000	+60.4%	1,353,823	+52.8%	19.22%	+61.6%
AIG	Sell	AMERICAN INTL GROUP, INC. CMN	$8,997,000	-43.4%	185,000	-47.9%	1.66%	-43.0%
BX	Sell	BLACKSTONE GROUP L.P. (THE) CMN	$7,957,000	-26.6%	319,687	-37.9%	1.47%	-26.1%
CVX	Sell	CHEVRON CORPORATION CMN	$7,156,000	-18.2%	58,900	-20.3%	1.32%	-17.6%
JPM	Sell	JPMORGAN CHASE & CO CMN	$6,156,000	-23.6%	119,100	-22.0%	1.14%	-23.1%
AMAT	Sell	APPLIED MATERIALS INC CMN	$5,312,000	+15.6%	303,000	-1.6%	0.98%	+16.4%
ORI	Sell	OLD REPUBLIC INTL CORP CMN	$4,845,000	+16.0%	314,600	-3.1%	0.89%	+16.7%
FIG	Sell	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$4,215,000	-14.5%	530,885	-29.4%	0.78%	-14.0%
EZPW	Buy	E Z CORP INC CL-A NON VTG CMN CLASS A	$2,120,000	+18.6%	125,671	+18.9%	0.39%	+19.6%
TBI	Sell	TRUEBLUE, INC. CMN	$1,873,000	-13.6%	78,018	-24.3%	0.34%	-13.1%
ARC	Sell	ARC DOCUMENT SOLUTIONS INC CMN	$1,798,000	-5.2%	391,807	-17.4%	0.33%	-4.3%
COWN	Sell	COWEN GROUP, INC. CMN	$1,720,000	-2.5%	500,000	-18.1%	0.32%	-1.9%
CSCO	Sell	CISCO SYSTEMS, INC. CMN	$1,655,000	-10.1%	70,633	-6.6%	0.30%	-9.5%
BANC	New	BANC OF CALIFORNIA INC CMN	$1,383,000	–	100,000	–	0.26%	–
EBAY	Sell	EBAY INC. CMN	$1,261,000	-78.2%	22,600	-79.8%	0.23%	-78.0%
TBBK	Sell	THE BANCORP INC CMN	$1,222,000	+13.9%	69,083	-3.5%	0.22%	+14.8%
CIT	Sell	CIT GROUP INC. CMN CLASS	$1,200,000	-8.1%	24,600	-12.1%	0.22%	-7.5%
CVS	Sell	CVS CAREMARK CORPORATION CMN	$1,135,000	-91.1%	20,000	-91.0%	0.21%	-91.0%
AEO	Sell	AMERICAN EAGLE OUTFITTERS INC (NEW)	$840,000	-61.8%	60,019	-50.2%	0.16%	-61.5%
DST	Sell	DST SYSTEM INC COMMON STOCK	$754,000	-71.1%	10,000	-75.0%	0.14%	-70.9%
AAPL	New	APPLE, INC. CMN	$477,000	–	1,000	–	0.09%	–
FOXA	New	TWENTY-FIRST CENTURY FOX, INC. CMN CLASS A	$335,000	–	10,000	–	0.06%	–
OAK	Sell	OAKTREE CAPITAL GROUP, LLC CMN	$262,000	-94.7%	5,000	-94.7%	0.05%	-94.7%
MDCA	Sell	MDC PARTNERS INC CMN CLASS A SUB VTG	$234,000	-89.0%	8,363	-92.9%	0.04%	-88.9%
WTBA	Sell	WEST BANCORPORATION INC CMN	$224,000	+13.1%	16,225	-3.6%	0.04%	+13.9%
FCCO	Sell	FIRST CMNTY CORP S C CMN	$201,000	-45.4%	19,301	-51.7%	0.04%	-44.8%
CET	New	CENTRAL SECURITIES CORP. MUTUAL FUND	$171,000	–	7,300	–	0.03%	–
GRX	Sell	GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND	$112,000	-18.2%	10,925	-22.1%	0.02%	-16.0%
ADK	Sell	ADCARE HEALTH SYSTEMS, INC. CMN	$25,000	-75.2%	6,137	-70.8%	0.01%	-72.2%
GRXRT	Exit	RTS/GABELLI HEALTHCARE & WELLNESSRX TRUST (THE) EXP07/17/2013rts	$0	–	-14,020	–	0.00%	–
LINEQ	Exit	PUT/LINE @ 33 EXP 07/20/2013put	$0	–	-5	–	0.00%	–
OZM	Exit	OCH-ZIFF CAPITAL MGMT, L.L.C. CMN CLASS A	$0	–	-1,000	–	-0.00%	–
AROPQ	Exit	AEROPOSTALE, INC. CMN	$0	–	-1,000	–	-0.00%	–
REED	Exit	REED'S, INC. CMN	$0	–	-4,134	–	-0.00%	–
OCN	Exit	OCWEN FINANCIAL CORPORATION CMN	$0	–	-1,000	–	-0.01%	–
VAL	Exit	VALSPAR CORP CMN	$0	–	-700	–	-0.01%	–
FFEX	Exit	FROZEN FOOD EXPRESS INDS INC CMN	$0	–	-37,505	–	-0.01%	–
UAM	Exit	UNIVERSAL AMERICAN CORP. CMN	$0	–	-23,000	–	-0.04%	–
APO	Exit	APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A	$0	–	-9,300	–	-0.04%	–
BEBE	Exit	BEBE STORES INC CMN	$0	–	-57,300	–	-0.06%	–
CHEF	Exit	THE CHEF'S WAREHOUSE INC CMN	$0	–	-43,239	–	-0.14%	–
RF	Exit	REGIONS FINANCIAL CORPORATION CMN	$0	–	-80,000	–	-0.14%	–
NAVR	Exit	NAVARRE CORP CMN	$0	–	-297,721	–	-0.15%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP, INC. CMN	$0	–	-20,000	–	-0.17%	–
PVTB	Exit	PRIVATEBANCORP, INC. CMN	$0	–	-50,767	–	-0.20%	–
BANC	Exit	FIRST PACTRUST BANCORP, INC. CMN	$0	–	-100,000	–	-0.25%	–
ALC	Exit	ASSISTED LIVING CONCEPTS, INC. CMN CLASS A	$0	–	-164,881	–	-0.36%	–
BLL	Exit	BALL CORPORATION CMN	$0	–	-70,900	–	-0.54%	–
TGT	Exit	TARGET CORPORATION CMN	$0	–	-50,000	–	-0.63%	–
GOOGL	Exit	GOOGLE, INC. CMN CLASS A	$0	–	-4,300	–	-0.69%	–
WMT	Exit	WAL MART STORES INC CMN	$0	–	-69,500	–	-0.95%	–
HUM	Exit	HUMANA INC. CMN	$0	–	-81,235	–	-1.26%	–
TWGP	Exit	TOWER GROUP INTL LTD CMN	$0	–	-376,011	–	-1.41%	–

Q2 2013

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$221,410,000	–	1,380,191	–	40.53%	–
VOO	New	VANGUARD INDEX FDS S&P 500 ETFetf	$64,971,000	–	885,888	–	11.89%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERSetf	$17,924,000	–	270,756	–	3.28%	–
AIG	New	AMERICAN INTL GROUP, INC. CMN	$15,882,000	–	355,300	–	2.91%	–
CVS	New	CVS CAREMARK CORPORATION CMN	$12,731,000	–	222,655	–	2.33%	–
BAC	New	BANK OF AMERICA CORP CMN	$11,811,000	–	918,406	–	2.16%	–
BX	New	BLACKSTONE GROUP L.P. (THE) CMN	$10,840,000	–	514,700	–	1.98%	–
CVX	New	CHEVRON CORPORATION CMN	$8,745,000	–	73,900	–	1.60%	–
JPM	New	JPMORGAN CHASE & CO CMN	$8,058,000	–	152,645	–	1.48%	–
TWGP	New	TOWER GROUP INTL LTD CMN	$7,712,000	–	376,011	–	1.41%	–
XLNX	New	XILINX INCORPORATED CMN	$7,447,000	–	188,000	–	1.36%	–
GS	New	GOLDMAN SACHS GROUP, INC.(THE) CMN	$7,203,000	–	47,625	–	1.32%	–
HUM	New	HUMANA INC. CMN	$6,855,000	–	81,235	–	1.26%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	$6,238,000	–	37	–	1.14%	–
UPS	New	UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	$5,889,000	–	68,091	–	1.08%	–
EBAY	New	EBAY INC. CMN	$5,777,000	–	111,700	–	1.06%	–
PM	New	PHILIP MORRIS INTL INC CMN	$5,197,000	–	60,000	–	0.95%	–
KR	New	KROGER COMPANY CMN	$5,181,000	–	150,000	–	0.95%	–
WMT	New	WAL MART STORES INC CMN	$5,177,000	–	69,500	–	0.95%	–
SCHW	New	CHARLES SCHWAB CORPORATION CMN	$5,017,000	–	236,300	–	0.92%	–
OAK	New	OAKTREE CAPITAL GROUP, LLC CMN	$4,962,000	–	94,421	–	0.91%	–
FIG	New	FORTRESS INVESTMENT GROUP LLC CMN CLASS A	$4,931,000	–	751,660	–	0.90%	–
MS	New	MORGAN STANLEY CMN	$4,732,000	–	193,700	–	0.87%	–
AMAT	New	APPLIED MATERIALS INC CMN	$4,595,000	–	308,000	–	0.84%	–
MUR	New	MURPHY OIL CORPORATION CMN	$4,262,000	–	70,000	–	0.78%	–
ORI	New	OLD REPUBLIC INTL CORP CMN	$4,178,000	–	324,600	–	0.76%	–
GOOGL	New	GOOGLE, INC. CMN CLASS A	$3,786,000	–	4,300	–	0.69%	–
ACN	New	ACCENTURE PLC CMN	$3,598,000	–	50,000	–	0.66%	–
TGT	New	TARGET CORPORATION CMN	$3,443,000	–	50,000	–	0.63%	–
F	New	FORD MOTOR COMPANY CMN	$3,326,000	–	215,000	–	0.61%	–
ABC	New	AMERISOURCEBERGEN CORPORATION CMN	$3,071,000	–	55,000	–	0.56%	–
BLL	New	BALL CORPORATION CMN	$2,945,000	–	70,900	–	0.54%	–
DHI	New	D.R. HORTON, INC. CMN	$2,832,000	–	133,100	–	0.52%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FD MARKET INDEXetf	$2,784,000	–	248,100	–	0.51%	–
TOL	New	TOLL BROTHERS, INC. CMN	$2,734,000	–	83,800	–	0.50%	–
DST	New	DST SYSTEM INC COMMON STOCK	$2,613,000	–	40,000	–	0.48%	–
TJX	New	TJX COMPANIES INC (NEW) CMN	$2,503,000	–	50,000	–	0.46%	–
AEO	New	AMERICAN EAGLE OUTFITTERS INC (NEW)	$2,199,000	–	120,419	–	0.40%	–
TBI	New	TRUEBLUE, INC. CMN	$2,169,000	–	103,018	–	0.40%	–
VOYA	New	ING AMERICA INSURANCE HOLDINGS*, INC. CMN	$2,138,000	–	79,000	–	0.39%	–
MDCA	New	MDC PARTNERS INC CMN CLASS A SUB VTG	$2,118,000	–	117,424	–	0.39%	–
ALC	New	ASSISTED LIVING CONCEPTS, INC. CMN CLASS A	$1,972,000	–	164,881	–	0.36%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC CMN	$1,897,000	–	474,337	–	0.35%	–
CSCO	New	CISCO SYSTEMS, INC. CMN	$1,841,000	–	75,633	–	0.34%	–
NSP	New	INSPERITY INC CMN	$1,828,000	–	60,329	–	0.34%	–
EZPW	New	E Z CORP INC CL-A NON VTG CMN CLASS A	$1,787,000	–	105,671	–	0.33%	–
COWN	New	COWEN GROUP, INC. CMN	$1,764,000	–	610,466	–	0.32%	–
FMER	New	FIRSTMERIT CORP CMN	$1,598,000	–	79,791	–	0.29%	–
UIHC	New	UNITED INSURANCE HOLDINGS CORP CMN	$1,398,000	–	200,000	–	0.26%	–
BANC	New	FIRST PACTRUST BANCORP, INC. CMN	$1,358,000	–	100,000	–	0.25%	–
CIT	New	CIT GROUP INC. CMN CLASS	$1,306,000	–	28,000	–	0.24%	–
LAZ	New	LAZARD LTD CMN CLASS A	$1,280,000	–	39,806	–	0.23%	–
GPS	New	GAP INC CMN	$1,252,000	–	30,000	–	0.23%	–
FFBC	New	FIRST FINL BANCORP CMN	$1,150,000	–	77,161	–	0.21%	–
PVTB	New	PRIVATEBANCORP, INC. CMN	$1,078,000	–	50,767	–	0.20%	–
TBBK	New	THE BANCORP INC CMN	$1,073,000	–	71,572	–	0.20%	–
PPBI	New	PACIFIC PREMIER BANCORP CMN	$995,000	–	81,391	–	0.18%	–
DPS	New	DR PEPPER SNAPPLE GROUP, INC. CMN	$919,000	–	20,000	–	0.17%	–
OXY	New	OCCIDENTAL PETROLEUM CORP CMN	$892,000	–	10,000	–	0.16%	–
NAVR	New	NAVARRE CORP CMN	$822,000	–	297,721	–	0.15%	–
IBKR	New	INTERACTIVE BROKERS GROUP, INC*. CMN	$801,000	–	50,142	–	0.15%	–
CBRIQ	New	CIBER INC CMN	$794,000	–	237,814	–	0.14%	–
RF	New	REGIONS FINANCIAL CORPORATION CMN	$762,000	–	80,000	–	0.14%	–
CHEF	New	THE CHEF'S WAREHOUSE INC CMN	$744,000	–	43,239	–	0.14%	–
MVC	New	MVC CAPITAL INC CLOSED END FUND	$696,000	–	55,278	–	0.13%	–
ROCK	New	GIBRALTAR INDUSTRIES INC CMN	$557,000	–	38,233	–	0.10%	–
LUK	New	LEUCADIA NATIONAL CORP CMN	$535,000	–	20,400	–	0.10%	–
GLRE	New	GREENLIGHT CAPITAL RE LTD-A CMN	$483,000	–	19,696	–	0.09%	–
NATR	New	NATURES SUNSHINE PRODS INC CMN	$393,000	–	24,035	–	0.07%	–
FCCO	New	FIRST CMNTY CORP S C CMN	$368,000	–	40,000	–	0.07%	–
BEBE	New	BEBE STORES INC CMN	$321,000	–	57,300	–	0.06%	–
ARW	New	ARROW ELECTRONICS INC. CMN	$296,000	–	7,426	–	0.05%	–
M	New	MACY'S INC. CMN	$288,000	–	6,002	–	0.05%	–
AEM	New	AGNICO EAGLE MINES LTD CMN	$275,000	–	10,000	–	0.05%	–
APO	New	APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A	$224,000	–	9,300	–	0.04%	–
TCX	New	TUCOWS INC. CMN	$210,000	–	112,955	–	0.04%	–
UAM	New	UNIVERSAL AMERICAN CORP. CMN	$204,000	–	23,000	–	0.04%	–
WTBA	New	WEST BANCORPORATION INC CMN	$198,000	–	16,825	–	0.04%	–
GNW	New	GENWORTH FINANCIAL INC CMN CLASS A	$186,000	–	16,300	–	0.03%	–
BZ	New	BOISE INC. CMN	$171,000	–	20,000	–	0.03%	–
UHAL	New	AMERCO CMN	$162,000	–	1,000	–	0.03%	–
MTSC	New	MTS SYSTEMS CORP CMN	$153,000	–	2,700	–	0.03%	–
GRX	New	GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND	$137,000	–	14,020	–	0.02%	–
ADK	New	ADCARE HEALTH SYSTEMS, INC. CMN	$101,000	–	21,037	–	0.02%	–
MCHX	New	MARCHEX INC CMN CLASS B	$101,000	–	16,813	–	0.02%	–
FFCO	New	FEDFIRST FINANCIAL CORPORATION CMN	$81,000	–	4,390	–	0.02%	–
CUO	New	CONTINENTAL MATERIALS CORP CMN	$74,000	–	4,771	–	0.01%	–
IEP	New	ICAHN ENTERPRISES L.P. DEPOSITARY UNIT	$65,000	–	888	–	0.01%	–
ZINCQ	New	HORSEHEAD HOLDING CORP. CMN	$64,000	–	5,000	–	0.01%	–
FFEX	New	FROZEN FOOD EXPRESS INDS INC CMN	$60,000	–	37,505	–	0.01%	–
JWN	New	NORDSTROM INC CMN	$60,000	–	1,000	–	0.01%	–
WCG	New	WELLCARE HEALTH PLANS INC CMN	$56,000	–	1,000	–	0.01%	–
DHT	New	DHT HOLDINGS INC CMN	$51,000	–	11,396	–	0.01%	–
OCN	New	OCWEN FINANCIAL CORPORATION CMN	$41,000	–	1,000	–	0.01%	–
VAL	New	VALSPAR CORP CMN	$45,000	–	700	–	0.01%	–
DDE	New	DOVER DOWNS GAMING & ENTMT INC CMN	$25,000	–	16,157	–	0.01%	–
MFCB	New	MFC INDUSTRIAL LTD CMN	$27,000	–	3,373	–	0.01%	–
XYL	New	XYLEM INC. CMN	$27,000	–	1,000	–	0.01%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETFetf	$24,000	–	542	–	0.00%	–
REED	New	REED'S, INC. CMN	$21,000	–	4,134	–	0.00%	–
CWBC	New	COMMUNITY WEST BANCSHARES CMN	$24,000	–	5,000	–	0.00%	–
RLGT	New	RADIANT LOGISTICS INC CMN	$16,000	–	8,410	–	0.00%	–
UNTD	New	UNITED ONLINE INC CMN	$17,000	–	2,300	–	0.00%	–
VEA	New	VANGUARD FTSE DEVELOPED MKTS CMN ETFetf	$15,000	–	434	–	0.00%	–
AROPQ	New	AEROPOSTALE, INC. CMN	$14,000	–	1,000	–	0.00%	–
HSON	New	HUDSON GLOBAL, INC. CMN	$12,000	–	4,845	–	0.00%	–
BODY	New	BODY CENTRAL ACQUISITION CORP. CMN	$13,000	–	1,000	–	0.00%	–
OZM	New	OCH-ZIFF CAPITAL MGMT, L.L.C. CMN CLASS A	$10,000	–	1,000	–	0.00%	–
APT	New	ALPHA PRO TECH LTD CMN	$6,000	–	3,600	–	0.00%	–
FONR	New	FONAR CORPORATION CMN	$7,000	–	1,000	–	0.00%	–
GLD	New	CALL/GLD @ 170 EXP 01/18/2014call	$5,000	–	50	–	0.00%	–
FLL	New	FULL HOUSE RESORTS CMN	$3,000	–	1,197	–	0.00%	–
DAEG	New	DAEGIS INC CMN	$5,000	–	5,000	–	0.00%	–
QCCO	New	QC HOLDINGS, INC. CMN	$8,000	–	2,749	–	0.00%	–
GROW	New	U.S. GLOBAL INVESTORS INC A CMN	$2,000	–	1,000	–	0.00%	–
LINEQ	New	PUT/LINE @ 33 EXP 07/20/2013put	$1,000	–	5	–	0.00%	–
GRXRT	New	RTS/GABELLI HEALTHCARE & WELLNESSRX TRUST (THE) EXP07/17/2013rts	$2,000	–	14,020	–	0.00%	–
KEM	New	KEMET CORPORATION CMN	$1,000	–	100	–	0.00%	–

Compare quarters

Export JBF Capital, Inc.'s holdings