Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CB | Sell | CHUBB LIMITED | $108,378,508 | +7.7% | 520,600 | -0.3% | 16.70% | +7.1% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $102,516,346 | -14.7% | 292,653 | -16.9% | 15.79% | -15.2% |
| C | Sell | CITIGROUP INC | $89,053,607 | -11.0% | 2,165,174 | -0.4% | 13.72% | -11.5% |
| SSNC | Sell | SS&C TECHNOLOGIES HLDGS INC | $83,675,204 | -13.6% | 1,592,600 | -0.4% | 12.89% | -14.1% |
| LUV | Sell | SOUTHWEST AIRLS CO | $74,209,698 | -25.5% | 2,741,400 | -0.3% | 11.43% | -25.9% |
| DIS | New | DISNEY WALT CO | $72,134,500 | – | 890,000 | – | 11.11% | – |
| ERJ | Sell | EMBRAER S.A.sponsored ads | $22,031,617 | -19.0% | 1,605,803 | -8.8% | 3.39% | -19.5% |
| PBRA | Sell | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $20,765,481 | -0.2% | 1,514,623 | -10.0% | 3.20% | -0.8% |
| TX | Sell | TERNIUM SAsponsored ads | $16,755,446 | -18.6% | 419,936 | -19.1% | 2.58% | -19.1% |
| INFY | Sell | INFOSYS LTDsponsored adr | $14,740,231 | -3.3% | 861,498 | -9.2% | 2.27% | -3.9% |
| BVN | Sell | COMPANIA DE MINAS BUENAVENTUsponsored adr | $14,144,222 | +4.5% | 1,660,120 | -9.9% | 2.18% | +3.9% |
| TLK | Sell | P T TELEKOMUNIKASI INDONESIAsponsored adr | $10,979,695 | -18.6% | 455,589 | -9.9% | 1.69% | -19.0% |
| ATHM | New | AUTOHOME INCsp ads rp cl a | $6,801,435 | – | 224,100 | – | 1.05% | – |
| ALGT | Buy | ALLEGIANT TRAVEL CO | $2,398,032 | -19.9% | 31,200 | +31.6% | 0.37% | -20.5% |
| OII | Sell | OCEANEERING INTL INC | $1,741,990 | +28.3% | 67,729 | -6.7% | 0.27% | +27.6% |
| HNRG | Sell | HALLADOR ENERGY COMPANY | $1,307,606 | -13.8% | 90,680 | -48.8% | 0.20% | -14.5% |
| ALLY | New | ALLY FINL INC | $1,149,908 | – | 43,100 | – | 0.18% | – |
| CPA | Buy | COPA HOLDINGS SAcl a | $1,024,880 | +1.8% | 11,500 | +26.4% | 0.16% | +1.3% |
| CIGI | Exit | COLLIERS INTL GROUP INC | $0 | – | -2,000 | – | -0.03% | – |
| SYF | Exit | SYNCHRONY FINANCIAL | $0 | – | -38,000 | – | -0.20% | – |
| TKC | Exit | TURKCELL ILETISIM HIZMETLERIspon adr new | $0 | – | -901,627 | – | -0.50% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $120,152,373 | – | 352,353 | – | 18.62% | – |
| CB | New | CHUBB LIMITED | $100,593,344 | – | 522,400 | – | 15.58% | – |
| C | New | CITIGROUP INC | $100,062,139 | – | 2,173,374 | – | 15.50% | – |
| LUV | New | SOUTHWEST AIRLS CO | $99,610,089 | – | 2,750,900 | – | 15.43% | – |
| SSNC | New | SS&C TECHNOLOGIES HLDGS INC | $96,863,040 | – | 1,598,400 | – | 15.01% | – |
| ERJ | New | EMBRAER S.A.sponsored ads | $27,214,284 | – | 1,760,303 | – | 4.22% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $20,806,625 | – | 1,682,023 | – | 3.22% | – |
| TX | New | TERNIUM SAsponsored ads | $20,579,777 | – | 519,036 | – | 3.19% | – |
| INFY | New | INFOSYS LTDsponsored adr | $15,245,577 | – | 948,698 | – | 2.36% | – |
| BVN | New | COMPANIA DE MINAS BUENAVENTUsponsored adr | $13,538,112 | – | 1,841,920 | – | 2.10% | – |
| TLK | New | P T TELEKOMUNIKASI INDONESIAsponsored adr | $13,492,060 | – | 505,889 | – | 2.09% | – |
| TKC | New | TURKCELL ILETISIM HIZMETLERIspon adr new | $3,218,808 | – | 901,627 | – | 0.50% | – |
| ALGT | New | ALLEGIANT TRAVEL CO | $2,992,836 | – | 23,700 | – | 0.46% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $1,684,768 | – | 15,200 | – | 0.26% | – |
| RYAAY | New | RYANAIR HOLDINGS PLCsponsored ads | $1,681,120 | – | 15,200 | – | 0.26% | – |
| HNRG | New | HALLADOR ENERGY COMPANY | $1,517,747 | – | 177,100 | – | 0.24% | – |
| OII | New | OCEANEERING INTL INC | $1,358,162 | – | 72,629 | – | 0.21% | – |
| PM | New | PHILIP MORRIS INTL INC | $1,288,584 | – | 13,200 | – | 0.20% | – |
| SYF | New | SYNCHRONY FINANCIAL | $1,288,960 | – | 38,000 | – | 0.20% | – |
| PHI | New | PLDT INCsponsored adr | $1,039,965 | – | 44,500 | – | 0.16% | – |
| CPA | New | COPA HOLDINGS SAcl a | $1,006,278 | – | 9,100 | – | 0.16% | – |
| CIGI | New | COLLIERS INTL GROUP INC | $196,380 | – | 2,000 | – | 0.03% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GM | Exit | GENERAL MTRS CO | $0 | – | -5,800 | – | -0.04% | – |
| CIGI | Exit | COLLIERS INTL GROUP INC | $0 | – | -3,200 | – | -0.06% | – |
| GAIA | Exit | GAIA INC NEWcl a | $0 | – | -150,525 | – | -0.07% | – |
| CPA | Exit | COPA HOLDINGS SAcl a | $0 | – | -7,800 | – | -0.10% | – |
| PHI | Exit | PLDT INCsponsored adr | $0 | – | -33,100 | – | -0.17% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -14,600 | – | -0.18% | – |
| NFLX | Exit | NETFLIX INC | $0 | – | -4,200 | – | -0.20% | – |
| PGR | Exit | PROGRESSIVE CORP | $0 | – | -8,500 | – | -0.20% | – |
| OII | Exit | OCEANEERING INTL INC | $0 | – | -125,229 | – | -0.20% | – |
| HNRG | Exit | HALLADOR ENERGY COMPANY | $0 | – | -258,602 | – | -0.29% | – |
| SYF | Exit | SYNCHRONY FINANCIAL | $0 | – | -59,500 | – | -0.33% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -21,400 | – | -0.35% | – |
| ALGT | Exit | ALLEGIANT TRAVEL CO | $0 | – | -34,300 | – | -0.50% | – |
| TKC | Exit | TURKCELL ILETISIM HIZMETLERIspon adr new | $0 | – | -2,733,517 | – | -1.44% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -561,798 | – | -1.89% | – |
| BVN | Exit | COMPANIA DE MINAS BUENAVENTUsponsored adr | $0 | – | -2,106,520 | – | -2.81% | – |
| TX | Exit | TERNIUM SAsponsored ads | $0 | – | -588,436 | – | -3.19% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $0 | – | -1,516,123 | – | -3.33% | – |
| ERJ | Exit | EMBRAER S.A.sponsored ads | $0 | – | -2,279,903 | – | -3.89% | – |
| TLK | Exit | P T TELEKOMUNIKASI INDONESIAsponsored adr | $0 | – | -767,589 | – | -4.39% | – |
| HPE | Exit | HEWLETT PACKARD ENTERPRISE C | $0 | – | -4,889,691 | – | -11.61% | – |
| SSNC | Exit | SS&C TECHNOLOGIES HLDGS INC | $0 | – | -1,233,500 | – | -11.67% | – |
| LUV | Exit | SOUTHWEST AIRLS CO | $0 | – | -2,217,300 | – | -13.55% | – |
| C | Exit | CITIGROUP INC | $0 | – | -2,064,474 | – | -17.05% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -425,253 | – | -22.50% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $113,551,000 | -2.7% | 425,253 | -0.5% | 22.50% | +34.3% |
| C | Sell | CITIGROUP INC | $86,027,000 | -9.8% | 2,064,474 | -0.4% | 17.05% | +24.5% |
| LUV | Sell | SOUTHWEST AIRLS CO | $68,382,000 | -15.0% | 2,217,300 | -0.4% | 13.55% | +17.3% |
| SSNC | Sell | SS&C TECHNOLOGIES HLDGS INC | $58,900,000 | -18.3% | 1,233,500 | -0.7% | 11.67% | +12.8% |
| HPE | Sell | HEWLETT PACKARD ENTERPRISE C | $58,578,000 | -10.0% | 4,889,691 | -0.4% | 11.61% | +24.2% |
| TLK | Sell | P T TELEKOMUNIKASI INDONESIAsponsored adr | $22,145,000 | -9.4% | 767,589 | -15.1% | 4.39% | +25.1% |
| ERJ | Sell | EMBRAER S.A.sponsored ads | $19,607,000 | -15.6% | 2,279,903 | -13.8% | 3.89% | +16.5% |
| PBRA | Sell | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $16,799,000 | -10.2% | 1,516,123 | -13.8% | 3.33% | +24.0% |
| TX | New | TERNIUM SAsponsored ads | $16,117,000 | – | 588,436 | – | 3.19% | – |
| BVN | Sell | COMPANIA DE MINAS BUENAVENTUsponsored adr | $14,177,000 | -11.2% | 2,106,520 | -13.0% | 2.81% | +22.5% |
| INFY | Sell | INFOSYS LTDsponsored adr | $9,534,000 | -18.1% | 561,798 | -10.7% | 1.89% | +13.0% |
| TKC | Sell | TURKCELL ILETISIM HIZMETLERIspon adr new | $7,271,000 | -77.8% | 2,733,517 | -27.6% | 1.44% | -69.4% |
| ALGT | Buy | ALLEGIANT TRAVEL CO | $2,503,000 | -25.7% | 34,300 | +15.1% | 0.50% | +2.5% |
| PM | Sell | PHILIP MORRIS INTL INC | $1,776,000 | -33.9% | 21,400 | -21.3% | 0.35% | -8.8% |
| HNRG | Buy | HALLADOR ENERGY COMPANY | $1,453,000 | +18.1% | 258,602 | +13.7% | 0.29% | +62.7% |
| OII | Sell | OCEANEERING INTL INC | $997,000 | -27.9% | 125,229 | -3.3% | 0.20% | -0.5% |
| PGR | Sell | PROGRESSIVE CORP | $988,000 | -35.1% | 8,500 | -35.1% | 0.20% | -10.5% |
| NFLX | Sell | NETFLIX INC | $989,000 | +20.3% | 4,200 | -10.6% | 0.20% | +66.1% |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $916,000 | – | 14,600 | – | 0.18% | – |
| PHI | New | PLDT INCsponsored adr | $837,000 | – | 33,100 | – | 0.17% | – |
| CPA | New | COPA HOLDINGS SAcl a | $523,000 | – | 7,800 | – | 0.10% | – |
| GAIA | Sell | GAIA INC NEWcl a | $366,000 | -45.0% | 150,525 | -4.0% | 0.07% | -24.0% |
| Exit | SAMSUNG ELECTRONICSgdr | $0 | – | -847 | – | -0.13% | – | |
| GOLD | Exit | BARRICK GOLDstk | $0 | – | -156,424 | – | -0.40% | – |
| NOV | Exit | NOV INCstk | $0 | – | -7,250,291 | – | -17.60% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| NOV | New | NOV INCstk | $122,602,000 | – | 7,250,291 | – | 17.60% | – |
| BRKB | New | BERKSHIRE HATHAWAYstk | $116,703,000 | – | 427,453 | – | 16.75% | – |
| C | New | CITIGROUPstk | $95,373,000 | – | 2,073,774 | – | 13.69% | – |
| LUV | New | SOUTHWEST AIRLINESstk | $80,446,000 | – | 2,227,200 | – | 11.55% | – |
| SSNC | New | SS&C TECHNOLOGIESstk | $72,105,000 | – | 1,241,700 | – | 10.35% | – |
| HPE | New | HEWLETT PACKARDstk | $65,121,000 | – | 4,911,091 | – | 9.35% | – |
| TKC | New | TURKCELLadr | $32,758,000 | – | 3,777,953 | – | 4.70% | – |
| TLK | New | TELKOM INDONESIAadr | $24,441,000 | – | 903,889 | – | 3.51% | – |
| ERJ | New | EMBRAERadr | $23,235,000 | – | 2,646,403 | – | 3.34% | – |
| PBRA | New | PETROBRASadr | $18,701,000 | – | 1,759,223 | – | 2.68% | – |
| BVN | New | BUENAVENTURAadr | $15,973,000 | – | 2,420,120 | – | 2.29% | – |
| INFY | New | INFOSYSadr | $11,646,000 | – | 629,198 | – | 1.67% | – |
| ALGT | New | ALLEGIANT TRAVELstk | $3,370,000 | – | 29,800 | – | 0.48% | – |
| GOLD | New | BARRICK GOLDstk | $2,766,000 | – | 156,424 | – | 0.40% | – |
| PM | New | PHILIP MORRISstk | $2,686,000 | – | 27,200 | – | 0.39% | – |
| SYF | New | SYNCHRONY FINANCIALstk | $1,643,000 | – | 59,500 | – | 0.24% | – |
| PGR | New | PROGRESSIVEstk | $1,523,000 | – | 13,100 | – | 0.22% | – |
| OII | New | OCEANEERINGstk | $1,383,000 | – | 129,529 | – | 0.20% | – |
| HNRG | New | HALLADOR ENERGYstk | $1,230,000 | – | 227,362 | – | 0.18% | – |
| New | SAMSUNG ELECTRONICSgdr | $924,000 | – | 847 | – | 0.13% | – | |
| NFLX | New | NETFLIX INCstk | $822,000 | – | 4,700 | – | 0.12% | – |
| GAIA | New | GAIAstk | $666,000 | – | 156,725 | – | 0.10% | – |
| CIGI | New | COLLIERS INTERNATIONALstk | $273,000 | – | 3,200 | – | 0.04% | – |
| GM | New | GENERAL MOTORSstk | $184,000 | – | 5,800 | – | 0.03% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HNRG | Exit | HALLADOR ENERGYstk | $0 | – | -144,304 | – | -0.05% | – |
| GM | Exit | GENERAL MOTORSstk | $0 | – | -10,000 | – | -0.06% | – |
| Exit | SAMSUNG ELECTRONICSgdr | $0 | – | -641 | – | -0.11% | – | |
| OII | Exit | OCEANEERINGstk | $0 | – | -88,629 | – | -0.13% | – |
| GAIA | Exit | GAIAstk | $0 | – | -158,925 | – | -0.16% | – |
| SYF | Exit | SYNCHRONY FINANCIALstk | $0 | – | -114,200 | – | -0.60% | – |
| PGR | Exit | PROGRESSIVEstk | $0 | – | -69,000 | – | -0.67% | – |
| PM | Exit | PHILIP MORRISstk | $0 | – | -83,700 | – | -0.85% | – |
| ALGT | Exit | BUENAVENTURAadr | $0 | – | -46,100 | – | -0.96% | – |
| TKC | Exit | TURKCELLadr | $0 | – | -4,331,811 | – | -2.02% | – |
| BVN | Exit | BERKSHIRE HATHAWAYstk | $0 | – | -4,458,452 | – | -3.23% | – |
| PBRA | Exit | PETROBRASadr | $0 | – | -4,145,423 | – | -4.44% | – |
| TX | Exit | TERNIUMadr | $0 | – | -1,037,968 | – | -4.70% | – |
| TLK | Exit | TELKOM INDONESIAadr | $0 | – | -1,802,931 | – | -4.90% | – |
| INFY | Exit | INFOSYSadr | $0 | – | -2,424,614 | – | -5.78% | – |
| SKM | Exit | SK TELECOMadr | $0 | – | -1,915,234 | – | -6.17% | – |
| ERJ | Exit | EMBRAERadr | $0 | – | -3,892,090 | – | -7.09% | – |
| GOLD | Exit | BARRICK GOLDstk | $0 | – | -4,491,722 | – | -8.67% | – |
| HPE | Exit | HEWLETT PACKARDstk | $0 | – | -7,030,391 | – | -10.73% | – |
| NOV | Exit | NOV INCstk | $0 | – | -7,890,291 | – | -11.08% | – |
| C | Exit | CITIGROUPstk | $0 | – | -1,648,774 | – | -12.39% | – |
| BRKB | Exit | BARRICK GOLDstk | $0 | – | -520,453 | – | -15.21% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Sell | BARRICK GOLDstk | $142,052,000 | -3.3% | 520,453 | -1.5% | 15.21% | +1.4% |
| C | Sell | CITIGROUPstk | $115,711,000 | -4.3% | 1,648,774 | -3.5% | 12.39% | +0.4% |
| NOV | Sell | NOV INCstk | $103,441,000 | -15.8% | 7,890,291 | -1.6% | 11.08% | -11.6% |
| HPE | Sell | HEWLETT PACKARDstk | $100,183,000 | -6.6% | 7,030,391 | -4.4% | 10.73% | -2.0% |
| GOLD | Sell | BARRICK GOLDstk | $80,970,000 | -16.8% | 4,491,722 | -4.6% | 8.67% | -12.7% |
| ERJ | Sell | EMBRAERadr | $66,166,000 | -0.9% | 3,892,090 | -11.8% | 7.09% | +3.9% |
| SKM | Sell | SK TELECOMadr | $57,649,000 | -17.2% | 1,915,234 | -13.6% | 6.17% | -13.2% |
| INFY | Sell | INFOSYSadr | $53,948,000 | -3.5% | 2,424,614 | -8.1% | 5.78% | +1.2% |
| TLK | Sell | TELKOM INDONESIAadr | $45,794,000 | +7.1% | 1,802,931 | -8.6% | 4.90% | +12.4% |
| TX | Sell | TERNIUMadr | $43,906,000 | -6.5% | 1,037,968 | -15.0% | 4.70% | -1.9% |
| PBRA | Sell | PETROBRASadr | $41,454,000 | +871.7% | 4,145,423 | -2.8% | 4.44% | +918.3% |
| BVN | Buy | BERKSHIRE HATHAWAYstk | $30,139,000 | -22.3% | 4,458,452 | +4.0% | 3.23% | -18.5% |
| TKC | Sell | TURKCELLadr | $18,843,000 | -19.9% | 4,331,811 | -14.0% | 2.02% | -16.0% |
| ALGT | Buy | BUENAVENTURAadr | $9,012,000 | +67.7% | 46,100 | +66.4% | 0.96% | +75.8% |
| PM | Sell | PHILIP MORRISstk | $7,934,000 | -30.3% | 83,700 | -27.1% | 0.85% | -26.9% |
| PGR | Sell | PROGRESSIVEstk | $6,237,000 | -21.4% | 69,000 | -14.6% | 0.67% | -17.5% |
| GAIA | Sell | GAIAstk | $1,507,000 | -18.1% | 158,925 | -5.1% | 0.16% | -14.4% |
| OII | Sell | OCEANEERINGstk | $1,181,000 | -24.8% | 88,629 | -12.1% | 0.13% | -21.2% |
| Buy | SAMSUNG ELECTRONICSgdr | $1,002,000 | +10.0% | 641 | +25.4% | 0.11% | +15.1% | |
| HNRG | Sell | HALLADOR ENERGYstk | $427,000 | -3.6% | 144,304 | -12.1% | 0.05% | +2.2% |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | New | BERKSHIRE HATHAWAYstk | $146,922,000 | – | 528,647 | – | 15.00% | – |
| NOV | New | NOV INCstk | $122,793,000 | – | 8,015,193 | – | 12.54% | – |
| C | New | CITIGROUP INCstk | $120,932,000 | – | 1,709,298 | – | 12.35% | – |
| HPE | New | HEWLETT PACKARDstk | $107,240,000 | – | 7,355,340 | – | 10.95% | – |
| GOLD | New | BARRICK GOLD CORPstk | $97,295,000 | – | 4,708,412 | – | 9.93% | – |
| SKM | New | SK TELECOM CO LTDadr | $69,666,000 | – | 2,217,958 | – | 7.11% | – |
| ERJ | New | EMBRAER SAadr | $66,776,000 | – | 4,410,590 | – | 6.82% | – |
| INFY | New | INFOSYS LTDadr | $55,930,000 | – | 2,639,447 | – | 5.71% | – |
| TX | New | TERNIUM SAadr | $46,962,000 | – | 1,221,068 | – | 4.80% | – |
| TLK | New | TELKOM IND. PERS.adr | $42,742,000 | – | 1,972,383 | – | 4.36% | – |
| BVN | New | CIA DE MINAS BUENA.adr | $38,785,000 | – | 4,285,652 | – | 3.96% | – |
| TKC | New | TURKCELL ILETISIMadr | $23,511,000 | – | 5,034,548 | – | 2.40% | – |
| PM | New | PHILIP MORRISstk | $11,379,000 | – | 114,815 | – | 1.16% | – |
| PGR | New | PROGRESSIVE CORPstk | $7,933,000 | – | 80,776 | – | 0.81% | – |
| SYF | New | SYNCHRONY FINANCIALstk | $5,541,000 | – | 114,200 | – | 0.57% | – |
| ALGT | New | ALLEGIANT TRAVEL COstk | $5,374,000 | – | 27,700 | – | 0.55% | – |
| PBRA | New | PETROLEO BRASILEIROadr | $4,266,000 | – | 4,266,423 | – | 0.44% | – |
| GAIA | New | GAIA INCstk | $1,841,000 | – | 167,525 | – | 0.19% | – |
| OII | New | OCEANEERING INT.stk | $1,570,000 | – | 100,829 | – | 0.16% | – |
| New | SAMSUNG ELECTRONICSgdr | $911,000 | – | 511 | – | 0.09% | – | |
| GM | New | GENERAL MOTORS COstk | $592,000 | – | 10,000 | – | 0.06% | – |
| HNRG | New | HALLADOR ENERGY COstk | $443,000 | – | 164,204 | – | 0.04% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HNRG | Exit | HALLADOR ENERGY COstk | $0 | – | -164,204 | – | -0.01% | – |
| VIAC | Exit | VIACOMCBS INCstk | $0 | – | -5,425 | – | -0.02% | – |
| OII | Exit | OCEANEERING INT.stk | $0 | – | -81,329 | – | -0.03% | – |
| SAVE | Exit | SPIRIT AIRLINES INCstk | $0 | – | -59,259 | – | -0.10% | – |
| GAIA | Exit | GAIA INCstk | $0 | – | -109,180 | – | -0.12% | – |
| SYF | Exit | SYNCHRONY FINANCIALstk | $0 | – | -147,100 | – | -0.42% | – |
| PM | Exit | PHILIP MORRISstk | $0 | – | -90,000 | – | -0.73% | – |
| LUV | Exit | SOUTHWEST AIRLINES COstk | $0 | – | -440,500 | – | -1.78% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -4,272,565 | – | -2.03% | – |
| TKC | Exit | TURKCELL ILET. HIZ.adr | $0 | – | -5,079,011 | – | -2.62% | – |
| TLK | Exit | TELEKOMUNIKASI INDO.adr | $0 | – | -2,032,831 | – | -3.81% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -5,530,523 | – | -4.20% | – |
| LUKOY | Exit | LUKOIL PJSCadr | $0 | – | -770,271 | – | -4.81% | – |
| BVN | Exit | CIA DE MINAS BUENAVENTURAadr | $0 | – | -4,652,152 | – | -6.13% | – |
| GM | Exit | GENERAL MOTORS COstk | $0 | – | -2,032,300 | – | -6.49% | – |
| SKM | Exit | SK TELECOM CO LTDadr | $0 | – | -2,739,734 | – | -6.62% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -4,479,414 | – | -6.67% | – |
| HPE | Exit | HEWLETT PACKARDstk | $0 | – | -6,890,209 | – | -6.96% | – |
| NOV | Exit | NATIONAL OILWELL VARCOstk | $0 | – | -7,559,081 | – | -7.39% | – |
| C | Exit | CITIGROUP INCstk | $0 | – | -1,596,543 | – | -7.42% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -4,100,576 | – | -8.33% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INCstk | $0 | – | -449,700 | – | -9.88% | – |
| GOLD | Exit | BARRICK GOLD CORPstk | $0 | – | -4,433,827 | – | -13.44% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | Sell | BARRICK GOLD CORPstk | $124,578,000 | -12.9% | 4,433,827 | -16.9% | 13.44% | -19.2% |
| BRKB | New | BERKSHIRE HATHAWAY INCstk | $91,563,000 | – | 449,700 | – | 9.88% | – |
| TX | Buy | TERNIUM SAadr | $77,214,000 | +76.5% | 4,100,576 | +42.2% | 8.33% | +63.8% |
| C | Sell | CITIGROUP INCstk | $68,827,000 | -18.6% | 1,596,543 | -3.5% | 7.42% | -24.4% |
| NOV | Buy | NATIONAL OILWELL VARCOstk | $68,485,000 | -0.5% | 7,559,081 | +34.5% | 7.39% | -7.7% |
| HPE | Sell | HEWLETT PACKARDstk | $64,561,000 | -7.4% | 6,890,209 | -3.9% | 6.96% | -14.1% |
| INFY | Sell | INFOSYS LTDadr | $61,861,000 | +7.6% | 4,479,414 | -24.8% | 6.67% | -0.2% |
| SKM | Sell | SK TELECOM CO LTDadr | $61,425,000 | -12.3% | 2,739,734 | -24.4% | 6.62% | -18.6% |
| GM | Sell | GENERAL MOTORS COstk | $60,136,000 | +12.8% | 2,032,300 | -3.6% | 6.49% | +4.7% |
| BVN | Sell | CIA DE MINAS BUENAVENTURAadr | $56,849,000 | -7.5% | 4,652,152 | -30.8% | 6.13% | -14.1% |
| LUKOY | New | LUKOIL PJSCadr | $44,583,000 | – | 770,271 | – | 4.81% | – |
| PBRA | Sell | PETROLEO BRASILEIRO SAadr | $38,935,000 | -28.1% | 5,530,523 | -18.6% | 4.20% | -33.2% |
| TLK | Sell | TELEKOMUNIKASI INDO.adr | $35,310,000 | -37.3% | 2,032,831 | -21.0% | 3.81% | -41.8% |
| TKC | Sell | TURKCELL ILET. HIZ.adr | $24,328,000 | -37.7% | 5,079,011 | -25.1% | 2.62% | -42.2% |
| ERJ | Sell | EMBRAER SAadr | $18,842,000 | -40.7% | 4,272,565 | -19.5% | 2.03% | -44.9% |
| LUV | Buy | SOUTHWEST AIRLINES COstk | $16,519,000 | +12.1% | 440,500 | +2.2% | 1.78% | +4.1% |
| GAIA | Sell | GAIA INCstk | $1,073,000 | +12.6% | 109,180 | -4.0% | 0.12% | +4.5% |
| BBBY | Exit | BED BATH & BEYOND INCstk | $0 | – | -10,600 | – | -0.01% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | New | BARRICK GOLD CORPstk | $143,102,000 | – | 5,333,927 | – | 16.63% | – |
| C | New | CITIGROUP INCstk | $84,506,000 | – | 1,653,743 | – | 9.82% | – |
| SKM | New | SK TELECOM CO LTDadr | $70,029,000 | – | 3,624,717 | – | 8.14% | – |
| HPE | New | HEWLETT PACKARDstk | $69,756,000 | – | 7,169,209 | – | 8.10% | – |
| NOV | New | NATIONAL OILWELLstk | $68,833,000 | – | 5,619,002 | – | 8.00% | – |
| BVN | New | CIA DE MINAS BUENA.adr | $61,450,000 | – | 6,723,204 | – | 7.14% | – |
| INFY | New | INFOSYS LTDadr | $57,517,000 | – | 5,954,104 | – | 6.68% | – |
| TLK | New | TELEKOMUNIKASI IND.adr | $56,317,000 | – | 2,573,889 | – | 6.54% | – |
| PBRA | New | PETROLEO BRASILEIRO SAadr | $54,118,000 | – | 6,790,159 | – | 6.29% | – |
| GM | New | GENERAL MOTORS COstk | $53,312,000 | – | 2,107,200 | – | 6.19% | – |
| TX | New | TERNIUM SAadr | $43,744,000 | – | 2,883,595 | – | 5.08% | – |
| TKC | New | TURKCELL ILET. HIZ.adr | $39,061,000 | – | 6,781,467 | – | 4.54% | – |
| ERJ | New | EMBRAER SAadr | $31,757,000 | – | 5,310,665 | – | 3.69% | – |
| LUV | New | SOUTHWEST AIRLINES COstk | $14,735,000 | – | 431,100 | – | 1.71% | – |
| PM | New | PHILIP MORRIS INT.stk | $6,305,000 | – | 90,000 | – | 0.73% | – |
| SYF | New | SYNCHRONY FINANCIALstk | $3,260,000 | – | 147,100 | – | 0.38% | – |
| SAVE | New | SPIRIT AIRLINES INCstk | $1,055,000 | – | 59,259 | – | 0.12% | – |
| GAIA | New | GAIA INCstk | $953,000 | – | 113,780 | – | 0.11% | – |
| OII | New | OCEANEERING INT.stk | $520,000 | – | 81,329 | – | 0.06% | – |
| VIAC | New | VIACOMCBS INCstk | $127,000 | – | 5,425 | – | 0.02% | – |
| HNRG | New | HALLADOR ENERGY COstk | $108,000 | – | 164,204 | – | 0.01% | – |
| BBBY | New | BED BATH & BEYOND INCstk | $112,000 | – | 10,600 | – | 0.01% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BBBY | Exit | BED BATH & BEYOND INCstk | $0 | – | -10,600 | – | -0.01% | – |
| GAIA | Exit | GAIA INCstk | $0 | – | -70,841 | – | -0.04% | – |
| HNRG | Exit | HALLADOR ENERGY COstk | $0 | – | -155,178 | – | -0.05% | – |
| OII | Exit | OCEANEERING INT.stk | $0 | – | -70,829 | – | -0.09% | – |
| SAVE | Exit | SPIRIT AIRLINES INCstk | $0 | – | -50,449 | – | -0.17% | – |
| DXC | Exit | DXC TECHNOLOGY COstk | $0 | – | -88,307 | – | -0.20% | – |
| SRG | Exit | SERITAGE GROWTHreit | $0 | – | -66,600 | – | -0.22% | – |
| PM | Exit | PHILIP MORRIS INT.stk | $0 | – | -81,400 | – | -0.47% | – |
| SYF | Exit | SYNCHRONY FINANCIALstk | $0 | – | -196,200 | – | -0.51% | – |
| TKC | Exit | TURKCELL ILETISIMadr | $0 | – | -6,081,098 | – | -3.28% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -3,994,804 | – | -4.24% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -2,443,532 | – | -4.38% | – |
| TLK | Exit | TELEKOMUNIKASI IND.adr | $0 | – | -2,399,058 | – | -6.75% | – |
| SKM | Exit | SK TELECOM CO LTDadr | $0 | – | -3,504,893 | – | -7.27% | – |
| BVN | Exit | CIA DE MINAS BUENAadr | $0 | – | -5,295,175 | – | -7.51% | – |
| GM | Exit | GENERAL MOTORS COstk | $0 | – | -2,141,650 | – | -7.71% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -4,847,665 | – | -7.82% | – |
| PBRA | Exit | PETROLEO BRASILEIROadr | $0 | – | -6,476,224 | – | -7.95% | – |
| C | Exit | CITIGROUP INCstk | $0 | – | -1,253,503 | – | -8.32% | – |
| GOLD | Exit | BARRICK GOLD CORPstk | $0 | – | -6,201,145 | – | -10.03% | – |
| HPE | Exit | HEWLETT PACKARDstk | $0 | – | -7,410,309 | – | -10.76% | – |
| VIAB | Exit | VIACOM INCstk | $0 | – | -5,280,300 | – | -12.21% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIAB | Buy | VIACOM INCstk | $130,677,000 | -5.3% | 5,280,300 | +14.3% | 12.21% | -7.4% |
| HPE | Buy | HEWLETT PACKARDstk | $115,075,000 | +14.6% | 7,410,309 | +10.4% | 10.76% | +12.1% |
| GOLD | Buy | BARRICK GOLD CORPstk | $107,341,000 | +22.2% | 6,201,145 | +11.5% | 10.03% | +19.5% |
| C | Buy | CITIGROUP INCstk | $88,987,000 | +17.2% | 1,253,503 | +15.6% | 8.32% | +14.5% |
| PBRA | Buy | PETROLEO BRASILEIROadr | $85,098,000 | -4.5% | 6,476,224 | +3.2% | 7.95% | -6.7% |
| ERJ | Buy | EMBRAER SAadr | $83,622,000 | -9.4% | 4,847,665 | +5.8% | 7.82% | -11.4% |
| GM | Buy | GENERAL MOTORS COstk | $82,480,000 | +10.9% | 2,141,650 | +10.9% | 7.71% | +8.3% |
| BVN | Buy | CIA DE MINAS BUENAadr | $80,380,000 | -3.4% | 5,295,175 | +6.0% | 7.51% | -5.6% |
| SKM | Buy | SK TELECOM CO LTDadr | $77,809,000 | -7.4% | 3,504,893 | +3.2% | 7.27% | -9.5% |
| TLK | Buy | TELEKOMUNIKASI IND.adr | $72,236,000 | +6.2% | 2,399,058 | +3.2% | 6.75% | +3.8% |
| TX | Buy | TERNIUM SAadr | $46,892,000 | -11.7% | 2,443,532 | +3.2% | 4.38% | -13.7% |
| INFY | Buy | INFOSYS LTDadr | $45,421,000 | +9.6% | 3,994,804 | +3.2% | 4.24% | +7.2% |
| TKC | Buy | TURKCELL ILETISIMadr | $35,149,000 | +8.8% | 6,081,098 | +3.2% | 3.28% | +6.4% |
| PM | Buy | PHILIP MORRIS INT.stk | $5,029,000 | +3.1% | 81,400 | +31.1% | 0.47% | +0.9% |
| SAVE | Buy | SPIRIT AIRLINES INCstk | $1,831,000 | +8.2% | 50,449 | +42.2% | 0.17% | +5.6% |
| OII | Buy | OCEANEERING INT.stk | $960,000 | -26.0% | 70,829 | +11.2% | 0.09% | -27.4% |
| HNRG | Buy | HALLADOR ENERGY COstk | $562,000 | -25.4% | 155,178 | +16.1% | 0.05% | -26.4% |
| GAIA | Buy | GAIA INCstk | $463,000 | +35.4% | 70,841 | +57.0% | 0.04% | +30.3% |
| PFE | Exit | PFIZER INCstk | $0 | – | -48,650 | – | -0.20% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIAB | New | VIACOM INCstk | $138,011,000 | – | 4,620,400 | – | 13.20% | – |
| HPE | New | HEWLETT PACKARDstk | $100,383,000 | – | 6,714,609 | – | 9.60% | – |
| ERJ | New | EMBRAER SAadr | $92,277,000 | – | 4,584,065 | – | 8.82% | – |
| PBRA | New | PETROLEO BRASILEIROadr | $89,130,000 | – | 6,276,724 | – | 8.52% | – |
| GOLD | New | BARRICK GOLD CORPstk | $87,834,000 | – | 5,563,671 | – | 8.40% | – |
| SKM | New | SK TELECOM CO LTDadr | $84,071,000 | – | 3,396,824 | – | 8.04% | – |
| BVN | New | CIA DE MINAS BUENA.adr | $83,244,000 | – | 4,993,675 | – | 7.96% | – |
| C | New | CITIGROUP INCstk | $75,941,000 | – | 1,084,403 | – | 7.26% | – |
| GM | New | GENERAL MOTORS COstk | $74,403,000 | – | 1,931,050 | – | 7.11% | – |
| TLK | New | TELEKOM. IND. PERS.adr | $67,990,000 | – | 2,325,258 | – | 6.50% | – |
| TX | New | TERNIUM SAadr | $53,115,000 | – | 2,368,032 | – | 5.08% | – |
| INFY | New | INFOSYS LTDadr | $41,428,000 | – | 3,871,804 | – | 3.96% | – |
| TKC | New | TURKCELL ILET. HIZ.adr | $32,294,000 | – | 5,892,998 | – | 3.09% | – |
| SYF | New | SYNCHRONY FINANCIALstk | $6,802,000 | – | 196,200 | – | 0.65% | – |
| DXC | New | DXC TECHNOLOGY COstk | $4,870,000 | – | 88,307 | – | 0.47% | – |
| PM | New | PHILIP MORRISstk | $4,877,000 | – | 62,100 | – | 0.47% | – |
| SRG | New | SERITAGE GROWTHstk | $2,861,000 | – | 66,600 | – | 0.27% | – |
| PFE | New | PFIZER INCstk | $2,108,000 | – | 48,650 | – | 0.20% | – |
| SAVE | New | SPIRIT AIRLINES INCstk | $1,693,000 | – | 35,480 | – | 0.16% | – |
| OII | New | OCEANEERING INT.stk | $1,298,000 | – | 63,670 | – | 0.12% | – |
| HNRG | New | HALLADOR ENERGY COstk | $753,000 | – | 133,670 | – | 0.07% | – |
| GAIA | New | GAIA INCstk | $342,000 | – | 45,123 | – | 0.03% | – |
| BBBY | New | BED BATH AND BEYONDstk | $123,000 | – | 10,600 | – | 0.01% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BBBY | Exit | BED BATH & BEYOND INCstk | $0 | – | -10,600 | – | -0.02% | – |
| GAIA | Exit | GAIA INCstk | $0 | – | -24,327 | – | -0.04% | – |
| HNRG | Exit | HALLADOR ENERGY COstk | $0 | – | -116,793 | – | -0.08% | – |
| SAVE | Exit | SPIRIT AIRLINES INCstk | $0 | – | -27,278 | – | -0.13% | – |
| OII | Exit | OCEANEERING INT.stk | $0 | – | -73,129 | – | -0.21% | – |
| DXC | Exit | DXC TECHNOLOGY COstk | $0 | – | -23,907 | – | -0.23% | – |
| PM | Exit | PHILIP MORRISstk | $0 | – | -52,300 | – | -0.44% | – |
| SYF | Exit | SYNCHRONY FINANCIALstk | $0 | – | -139,200 | – | -0.44% | – |
| IBM | Exit | IBMstk | $0 | – | -30,900 | – | -0.48% | – |
| PFE | Exit | PFIZER INCstk | $0 | – | -109,050 | – | -0.49% | – |
| TKC | Exit | TURKCELLadr | $0 | – | -4,670,798 | – | -2.31% | – |
| TLK | Exit | TELEKOMUNIKASI IND.adr | $0 | – | -2,071,958 | – | -5.21% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -5,435,804 | – | -5.68% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -1,867,043 | – | -5.81% | – |
| GOLD | Exit | BARRICK GOLD CORPstk | $0 | – | -5,630,271 | – | -6.38% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -6,221,724 | – | -6.68% | – |
| GM | Exit | GENERAL MOTORS COstk | $0 | – | -1,966,950 | – | -6.80% | – |
| BVN | Exit | CIA DE MINASadr | $0 | – | -5,038,275 | – | -6.94% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -3,810,165 | – | -7.66% | – |
| C | Exit | CITIGROUP INCstk | $0 | – | -1,085,803 | – | -8.00% | – |
| SKM | Exit | SK TELECOM CO LTDadr | $0 | – | -2,863,824 | – | -8.20% | – |
| HPE | Exit | HEWLETT PACKARDstk | $0 | – | -6,774,409 | – | -11.34% | – |
| VIAB | Exit | VIACOMstk | $0 | – | -4,745,700 | – | -16.45% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIAB | Sell | VIACOMstk | $160,215,000 | +4.1% | 4,745,700 | -6.0% | 16.45% | +0.7% |
| HPE | Sell | HEWLETT PACKARDstk | $110,491,000 | +11.0% | 6,774,409 | -0.4% | 11.34% | +7.5% |
| SKM | Buy | SK TELECOM CO LTDadr | $79,843,000 | +30.3% | 2,863,824 | +9.0% | 8.20% | +26.1% |
| C | Sell | CITIGROUP INCstk | $77,896,000 | +0.7% | 1,085,803 | -5.2% | 8.00% | -2.5% |
| ERJ | Buy | EMBRAER SAadr | $74,641,000 | +0.0% | 3,810,165 | +27.2% | 7.66% | -3.1% |
| BVN | Buy | CIA DE MINASadr | $67,563,000 | +11.4% | 5,038,275 | +13.2% | 6.94% | +7.9% |
| GM | Sell | GENERAL MOTORS COstk | $66,227,000 | -18.9% | 1,966,950 | -4.9% | 6.80% | -21.5% |
| PBRA | Buy | PETROLEO BRASILEIRO SAadr | $65,079,000 | +20.1% | 6,221,724 | +1.5% | 6.68% | +16.2% |
| GOLD | Sell | BARRICK GOLD CORPstk | $62,181,000 | -21.0% | 5,630,271 | -6.0% | 6.38% | -23.5% |
| TX | Buy | TERNIUM SAadr | $56,553,000 | -1.1% | 1,867,043 | +13.7% | 5.81% | -4.3% |
| INFY | Buy | INFOSYS LTDadr | $55,282,000 | -9.2% | 5,435,804 | +73.6% | 5.68% | -12.1% |
| TLK | Buy | TELEKOMUNIKASI IND.adr | $50,721,000 | +29.1% | 2,071,958 | +37.1% | 5.21% | +24.9% |
| TKC | Buy | TURKCELLadr | $22,514,000 | -19.7% | 4,670,798 | +9.0% | 2.31% | -22.3% |
| PFE | Sell | PFIZER INCstk | $4,806,000 | +59.1% | 109,050 | -0.7% | 0.49% | +54.1% |
| IBM | Buy | IBMstk | $4,672,000 | +60.4% | 30,900 | +12.4% | 0.48% | +55.3% |
| SYF | New | SYNCHRONY FINANCIALstk | $4,326,000 | – | 139,200 | – | 0.44% | – |
| PM | Buy | PHILIP MORRISstk | $4,265,000 | +40.0% | 52,300 | +5.0% | 0.44% | +35.6% |
| DXC | Buy | DXC TECHNOLOGY COstk | $2,236,000 | +66.2% | 23,907 | +8.6% | 0.23% | +60.8% |
| OII | Sell | OCEANEERING INT.stk | $2,018,000 | -8.5% | 73,129 | -15.6% | 0.21% | -11.5% |
| SAVE | Sell | SPIRIT AIRLINES INCstk | $1,281,000 | +15.5% | 27,278 | -10.6% | 0.13% | +11.9% |
| HNRG | Buy | HALLADOR ENERGY COstk | $726,000 | -9.6% | 116,793 | +3.9% | 0.08% | -11.8% |
| GAIA | Sell | GAIA INCstk | $375,000 | -49.8% | 24,327 | -34.1% | 0.04% | -51.9% |
| PRSP | Exit | PERSPECTA INCstk | $0 | – | -11,003 | – | -0.02% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIAB | New | VIACOMstk | $153,951,000 | – | 5,049,600 | – | 16.33% | – |
| HPE | New | HEWLETT PACKARDstk | $99,530,000 | – | 6,801,509 | – | 10.56% | – |
| GM | New | GENERAL MOTORS COstk | $81,703,000 | – | 2,067,750 | – | 8.66% | – |
| GOLD | New | BARRICK GOLD CORPstk | $78,707,000 | – | 5,990,771 | – | 8.35% | – |
| C | New | CITIGROUP INCstk | $77,357,000 | – | 1,144,903 | – | 8.20% | – |
| ERJ | New | EMBRAER SAadr | $74,610,000 | – | 2,996,365 | – | 7.91% | – |
| SKM | New | SK TELECOM CO LTDadr | $61,291,000 | – | 2,628,274 | – | 6.50% | – |
| INFY | New | INFOSYS LTDadr | $60,852,000 | – | 3,131,902 | – | 6.45% | – |
| BVN | New | CIA DE MINAS BUENA.adr | $60,639,000 | – | 4,448,945 | – | 6.43% | – |
| TX | New | TERNIUM SAadr | $57,201,000 | – | 1,642,777 | – | 6.07% | – |
| PBRA | New | PETROLEO BRASILEIRO SAadr | $54,200,000 | – | 6,131,324 | – | 5.75% | – |
| TLK | New | TELEKOMUNIKASI IND.adr | $39,303,000 | – | 1,511,088 | – | 4.17% | – |
| TKC | New | TURKCELL ILET. HIZ.adr | $28,035,000 | – | 4,286,704 | – | 2.97% | – |
| PM | New | PHILIP MORRIS INT.stk | $3,047,000 | – | 49,800 | – | 0.32% | – |
| PFE | New | PFIZER INCstk | $3,021,000 | – | 109,850 | – | 0.32% | – |
| IBM | New | IBM CORPstk | $2,912,000 | – | 27,500 | – | 0.31% | – |
| OII | New | OCEANEERING INT.stk | $2,205,000 | – | 86,620 | – | 0.23% | – |
| DXC | New | DXC TECHNOLOGY COstk | $1,345,000 | – | 22,007 | – | 0.14% | – |
| SAVE | New | SPIRIT AIRLINES INCstk | $1,109,000 | – | 30,500 | – | 0.12% | – |
| HNRG | New | HALLADOR ENERGY COstk | $803,000 | – | 112,447 | – | 0.08% | – |
| GAIA | New | GAIA INCstk | $747,000 | – | 36,900 | – | 0.08% | – |
| BBBY | New | BED BATH & BEYONDstk | $211,000 | – | 10,600 | – | 0.02% | – |
| PRSP | New | PERSPECTA INCstk | $171,000 | – | 11,003 | – | 0.02% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BBBY | Exit | BED BATH & BEYOND INCstk | $0 | – | -10,600 | – | -0.02% | – |
| M | Exit | MACY'Sstk | $0 | – | -13,500 | – | -0.02% | – |
| GAIA | Exit | GAIA INCstk | $0 | – | -36,900 | – | -0.04% | – |
| HNRG | Exit | HALLADOR ENERGY COstk | $0 | – | -92,747 | – | -0.04% | – |
| OII | Exit | OCEANEERING INT. INCstk | $0 | – | -20,420 | – | -0.04% | – |
| GES | Exit | GUESS INCstk | $0 | – | -54,890 | – | -0.08% | – |
| PFE | Exit | PFIZER INCstk | $0 | – | -82,550 | – | -0.24% | – |
| IBM | Exit | IBM CORPstk | $0 | – | -20,900 | – | -0.24% | – |
| DXC | Exit | DXC TECHNOLOGY COstk | $0 | – | -321,785 | – | -2.22% | – |
| TKC | Exit | TURKCELL IL. HIZ.adr | $0 | – | -4,042,096 | – | -2.87% | – |
| TLK | Exit | TELEKOM INDONESIAadr | $0 | – | -1,212,388 | – | -3.35% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -3,107,302 | – | -3.65% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -4,753,224 | – | -3.70% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -1,655,954 | – | -4.12% | – |
| BVN | Exit | CIA DE MINAS BUENA.adr | $0 | – | -4,501,445 | – | -4.63% | – |
| SKM | Exit | SK TELECOM CO LTDadr | $0 | – | -2,735,674 | – | -5.41% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -3,287,265 | – | -5.98% | – |
| HPE | Exit | HEWLETT PACKARD ENTERPRISEstk | $0 | – | -5,810,009 | – | -6.88% | – |
| GOLD | Exit | BARRICK GOLD CORPstk | $0 | – | -7,070,571 | – | -9.15% | – |
| VIAB | Exit | VIACOMstk | $0 | – | -5,354,220 | – | -11.99% | – |
| GM | Exit | GENERAL MOTORS COstk | $0 | – | -5,392,850 | – | -17.52% | – |
| C | Exit | CITIGROUP INCstk | $0 | – | -3,042,203 | – | -17.81% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | Buy | CITIGROUP INCstk | $221,290,000 | +12.5% | 3,042,203 | +0.1% | 17.81% | +4.2% |
| GM | Sell | GENERAL MOTORS COstk | $217,763,000 | +19.0% | 5,392,850 | -1.4% | 17.52% | +10.2% |
| VIAB | Buy | VIACOMstk | $149,061,000 | -2.9% | 5,354,220 | +13.2% | 11.99% | -10.1% |
| ERJ | Buy | EMBRAER SAadr | $74,325,000 | +25.7% | 3,287,265 | +1.4% | 5.98% | +16.5% |
| SKM | Buy | SK TELECOM CO LTDadr | $67,270,000 | +2.1% | 2,735,674 | +6.6% | 5.41% | -5.4% |
| BVN | Buy | CIA DE MINAS BUENA.adr | $57,574,000 | +14.0% | 4,501,445 | +2.5% | 4.63% | +5.6% |
| TX | Buy | TERNIUM SAadr | $51,219,000 | +11.6% | 1,655,954 | +1.4% | 4.12% | +3.4% |
| PBRA | Buy | PETROLEO BRASILEIRO SAadr | $45,916,000 | +70.2% | 4,753,224 | +31.4% | 3.70% | +57.6% |
| INFY | Buy | INFOSYS LTDadr | $45,336,000 | +2.6% | 3,107,302 | +5.6% | 3.65% | -5.0% |
| TLK | Buy | TELEKOM INDONESIAadr | $41,584,000 | +4.7% | 1,212,388 | +2.8% | 3.35% | -3.0% |
| TKC | Buy | TURKCELL IL. HIZ.adr | $35,650,000 | +13.0% | 4,042,096 | +5.0% | 2.87% | +4.7% |
| DXC | Sell | DXC TECHNOLOGY COstk | $27,635,000 | -32.3% | 321,785 | -40.9% | 2.22% | -37.3% |
| GAIA | New | GAIA INCstk | $443,000 | – | 36,900 | – | 0.04% | – |
| M | New | MACY'Sstk | $295,000 | – | 13,500 | – | 0.02% | – |
| BBBY | Buy | BED BATH & BEYOND INCstk | $249,000 | +271.6% | 10,600 | +381.8% | 0.02% | +233.3% |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | New | CITIGROUP INCstk | $196,749,000 | – | 3,039,503 | – | 17.10% | – |
| GM | New | GENERAL MOTORS COstk | $182,966,000 | – | 5,467,550 | – | 15.90% | – |
| VIAB | New | VIACOMstk | $153,511,000 | – | 4,728,620 | – | 13.34% | – |
| GOLD | New | BARRICK GOLD CORPstk | $112,282,000 | – | 7,070,571 | – | 9.76% | – |
| HPE | New | HEWLETT PACKARD ENTERPRISEstk | $94,237,000 | – | 5,810,009 | – | 8.19% | – |
| SKM | New | SK TELECOM CO LTDadr | $65,874,000 | – | 2,566,174 | – | 5.72% | – |
| ERJ | New | EMBRAER SAadr | $59,113,000 | – | 3,242,665 | – | 5.14% | – |
| BVN | New | CIA DE MINAS BUENAVENTURAadr | $50,513,000 | – | 4,392,445 | – | 4.39% | – |
| TX | New | TERNIUM SAadr | $45,887,000 | – | 1,633,554 | – | 3.99% | – |
| INFY | New | INFOSYS LTDadr | $44,181,000 | – | 2,941,502 | – | 3.84% | – |
| DXC | New | DXC TECHNOLOGY COstk | $40,797,000 | – | 544,537 | – | 3.54% | – |
| TLK | New | TELEKOMUNIKASI INDONESIAadr | $39,713,000 | – | 1,179,488 | – | 3.45% | – |
| TKC | New | TURKCELL ILETISIM HIZ. ASadr | $31,552,000 | – | 3,847,796 | – | 2.74% | – |
| PBRA | New | PETROLEO BRASILEIRO SAadr | $26,979,000 | – | 3,616,524 | – | 2.34% | – |
| IBM | New | IBM CORPstk | $2,472,000 | – | 20,900 | – | 0.22% | – |
| PFE | New | PFIZER INCstk | $2,132,000 | – | 82,550 | – | 0.18% | – |
| HNRG | New | HALLADOR ENERGY COstk | $721,000 | – | 92,747 | – | 0.06% | – |
| GES | New | GUESS INCstk | $701,000 | – | 54,890 | – | 0.06% | – |
| OII | New | OCEANEERING INT. INCstk | $466,000 | – | 20,420 | – | 0.04% | – |
| BBBY | New | BED BATH & BEYOND INCstk | $67,000 | – | 2,200 | – | 0.01% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CAT | Exit | CATERPILLAR INCstk | $0 | – | -500 | – | -0.00% | – |
| BBBY | Exit | BED BATH & BEYOND INCstk | $0 | – | -1,000 | – | -0.00% | – |
| IBM | Exit | IBM CORPstk | $0 | – | -300 | – | -0.00% | – |
| GES | Exit | GUESS? INCstk | $0 | – | -35,424 | – | -0.04% | – |
| HNRG | Exit | HALLADOR ENERGY COstk | $0 | – | -100,330 | – | -0.06% | – |
| TEX | Exit | TEREX CORPstk | $0 | – | -33,100 | – | -0.06% | – |
| PFE | Exit | PFIZER INCstk | $0 | – | -47,450 | – | -0.12% | – |
| TKC | Exit | TURKCELL ILETISIM HIZMETLERI ASadr | $0 | – | -3,172,972 | – | -1.84% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -3,899,524 | – | -2.33% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -2,500,002 | – | -2.84% | – |
| TLK | Exit | TELEKOMUNIKASI IND. PERSEROadr | $0 | – | -649,219 | – | -3.08% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -2,343,149 | – | -3.30% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -2,854,491 | – | -3.54% | – |
| BVN | Exit | CIA DE MINAS BUENA. SAAadr | $0 | – | -4,331,745 | – | -4.31% | – |
| SKM | Exit | SK TELECOM CO LTDadr | $0 | – | -2,668,847 | – | -4.33% | – |
| HPE | Exit | HEWLETT PACKARD ENTERPRISEstk | $0 | – | -6,983,809 | – | -11.42% | – |
| HPQ | Exit | HP INCstk | $0 | – | -10,912,709 | – | -12.18% | – |
| GM | Exit | GENERAL MOTORS COstk | $0 | – | -6,309,650 | – | -14.40% | – |
| C | Exit | CITIGROUP INCstk | $0 | – | -5,011,684 | – | -17.01% | – |
| GOLD | Exit | BARRICK GOLD CORPstk | $0 | – | -15,042,420 | – | -19.14% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | Buy | BARRICK GOLD CORPstk | $266,399,000 | +40.3% | 15,042,420 | +68.3% | 19.14% | +25.5% |
| C | Sell | CITIGROUP INCstk | $236,702,000 | +2.5% | 5,011,684 | -8.0% | 17.01% | -8.3% |
| GM | Sell | GENERAL MOTORS COstk | $200,457,000 | +3.4% | 6,309,650 | -7.9% | 14.40% | -7.5% |
| HPQ | Sell | HP INCstk | $169,475,000 | +13.6% | 10,912,709 | -8.2% | 12.18% | +1.6% |
| HPE | Sell | HEWLETT PACKARD ENTERPRISEstk | $158,882,000 | +14.0% | 6,983,809 | -8.5% | 11.42% | +1.9% |
| SKM | Buy | SK TELECOM CO LTDadr | $60,316,000 | +13.8% | 2,668,847 | +5.3% | 4.33% | +1.8% |
| BVN | Sell | CIA DE MINAS BUENA. SAAadr | $59,951,000 | +4.2% | 4,331,745 | -10.1% | 4.31% | -6.8% |
| ERJ | Buy | EMBRAER SAadr | $49,269,000 | +3.4% | 2,854,491 | +30.1% | 3.54% | -7.5% |
| TX | Sell | TERNIUM SAadr | $45,996,000 | -0.1% | 2,343,149 | -3.0% | 3.30% | -10.7% |
| TLK | Sell | TELEKOMUNIKASI IND. PERSEROadr | $42,900,000 | -5.6% | 649,219 | -12.2% | 3.08% | -15.6% |
| INFY | Buy | INFOSYS LTDadr | $39,450,000 | +11.4% | 2,500,002 | +26.1% | 2.84% | -0.3% |
| PBRA | Sell | PETROLEO BRASILEIRO SAadr | $32,405,000 | +41.4% | 3,899,524 | -1.1% | 2.33% | +26.5% |
| TKC | Sell | TURKCELL ILETISIM HIZMETLERI ASadr | $25,574,000 | -12.9% | 3,172,972 | -1.1% | 1.84% | -22.1% |
| TEX | Sell | TEREX CORPstk | $841,000 | -19.3% | 33,100 | -35.5% | 0.06% | -28.6% |
| HNRG | Sell | HALLADOR ENERGY COstk | $791,000 | -1.0% | 100,330 | -42.0% | 0.06% | -10.9% |
| GES | Buy | GUESS? INCstk | $518,000 | +15.4% | 35,424 | +18.8% | 0.04% | +2.8% |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | New | CITIGROUP INCstk | $230,999,000 | – | 5,449,384 | – | 18.56% | – |
| GM | New | GENERAL MOTORS COstk | $193,881,000 | – | 6,850,950 | – | 15.57% | – |
| GOLD | New | BARRICK GOLD CORPstk | $189,925,000 | – | 8,937,771 | – | 15.26% | – |
| HPQ | New | HP INCstk | $149,227,000 | – | 11,890,609 | – | 11.99% | – |
| HPE | New | HEWLETT PACKARD ENTERPRISEstk | $139,416,000 | – | 7,630,909 | – | 11.20% | – |
| BVN | New | CIA DE MINAS BUENAVENTURAadr | $57,550,000 | – | 4,815,851 | – | 4.62% | – |
| SKM | New | SK TELECOM CO LTDadr | $53,025,000 | – | 2,534,647 | – | 4.26% | – |
| ERJ | New | EMBRAER SAadr | $47,643,000 | – | 2,193,501 | – | 3.83% | – |
| TX | New | TERNIUM SAadr | $46,049,000 | – | 2,415,976 | – | 3.70% | – |
| TLK | New | TELEKOM. INDONESIAadr | $45,450,000 | – | 739,519 | – | 3.65% | – |
| INFY | New | INFOSYS LTDadr | $35,398,000 | – | 1,983,087 | – | 2.84% | – |
| TKC | New | TURKCELL ILETISIM HIZ.adr | $29,361,000 | – | 3,208,872 | – | 2.36% | – |
| PBRA | New | PETROLEO BRASILEIRO SAadr | $22,917,000 | – | 3,944,424 | – | 1.84% | – |
| PFE | New | PFIZER INCstk | $1,671,000 | – | 47,450 | – | 0.13% | – |
| TEX | New | TEREX CORPstk | $1,042,000 | – | 51,300 | – | 0.08% | – |
| HNRG | New | HALLADOR ENERGY COstk | $799,000 | – | 172,900 | – | 0.06% | – |
| GES | New | GUESS? INCstk | $449,000 | – | 29,824 | – | 0.04% | – |
| IBM | New | IBM CORP.stk | $46,000 | – | 300 | – | 0.00% | – |
| BBBY | New | BED BATH & BEYOND INCstk | $43,000 | – | 1,000 | – | 0.00% | – |
| CAT | New | CATERPILLAR INCstk | $38,000 | – | 500 | – | 0.00% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CHK | Exit | INFOSYS LTDadr | $0 | – | -1,700 | – | -0.00% | – |
| CAT | Exit | HEWLETT-PACKARD COstk | $0 | – | -500 | – | -0.00% | – |
| BBBY | Exit | HEWLETT-PACKARD COstk | $0 | – | -800 | – | -0.00% | – |
| IBM | Exit | SK TELECOM CO LTDadr | $0 | – | -300 | – | -0.00% | – |
| TEX | Exit | TERNIUM SAadr | $0 | – | -38,400 | – | -0.05% | – |
| GES | Exit | MICROSOFT CORPstk | $0 | – | -44,524 | – | -0.07% | – |
| HNRG | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -156,000 | – | -0.08% | – |
| JNJ | Exit | SK TELECOM CO LTDadr | $0 | – | -14,603 | – | -0.10% | – |
| PFE | Exit | TELEKOMUNIKASI INDONESIAadr | $0 | – | -47,450 | – | -0.11% | – |
| PBRA | Exit | STAPLES INCstk | $0 | – | -4,368,946 | – | -1.16% | – |
| TX | Exit | TURKCELL ILETISIM HIZ.stk | $0 | – | -2,360,649 | – | -2.08% | – |
| TKC | Exit | TURKCELL ILETISIM HIZ.stk | $0 | – | -3,643,572 | – | -2.27% | – |
| BVN | Exit | INFOSYS LTDstk | $0 | – | -5,436,150 | – | -2.33% | – |
| TLK | Exit | TERNIUM SAstk | $0 | – | -1,075,253 | – | -2.75% | – |
| INFY | Exit | PFIZER INCstk | $0 | – | -2,422,340 | – | -3.32% | – |
| ERJ | Exit | JOHNSON & JOHNSONstk | $0 | – | -2,009,113 | – | -3.69% | – |
| SKM | Exit | TELEKOMUNIKASI INDONESIAadr | $0 | – | -2,247,647 | – | -3.94% | – |
| GOLD | Exit | HALLADOR ENERGY COstk | $0 | – | -9,336,371 | – | -4.25% | – |
| SPLS | Exit | TEREX CORPstk | $0 | – | -14,418,200 | – | -12.15% | – |
| HPQ | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -7,337,109 | – | -13.50% | – |
| MSFT | Exit | STAPLES INCstk | $0 | – | -4,508,763 | – | -14.34% | – |
| GM | Exit | MICROSOFT CORPstk | $0 | – | -7,587,800 | – | -16.36% | – |
| C | Exit | IBMstk | $0 | – | -4,897,684 | – | -17.45% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | Sell | IBMstk | $242,975,000 | -11.8% | 4,897,684 | -1.8% | 17.45% | +7.6% |
| GM | Sell | MICROSOFT CORPstk | $227,786,000 | -10.0% | 7,587,800 | -0.1% | 16.36% | +9.8% |
| MSFT | Sell | STAPLES INCstk | $199,558,000 | -1.6% | 4,508,763 | -1.8% | 14.34% | +20.2% |
| HPQ | Buy | PETROLEO BRASILEIRO SAadr | $187,903,000 | -7.6% | 7,337,109 | +8.3% | 13.50% | +12.8% |
| SPLS | Sell | TEREX CORPstk | $169,126,000 | -31.8% | 14,418,200 | -11.0% | 12.15% | -16.8% |
| GOLD | New | HALLADOR ENERGY COstk | $59,162,000 | – | 9,336,371 | – | 4.25% | – |
| SKM | Sell | TELEKOMUNIKASI INDONESIAadr | $54,842,000 | -12.0% | 2,247,647 | -10.6% | 3.94% | +7.4% |
| ERJ | Sell | JOHNSON & JOHNSONstk | $51,393,000 | -20.9% | 2,009,113 | -6.3% | 3.69% | -3.5% |
| INFY | Sell | PFIZER INCstk | $46,243,000 | -6.6% | 2,422,340 | -22.5% | 3.32% | +14.0% |
| TLK | Sell | TERNIUM SAstk | $38,332,000 | -26.6% | 1,075,253 | -10.7% | 2.75% | -10.5% |
| BVN | Buy | INFOSYS LTDstk | $32,400,000 | -37.7% | 5,436,150 | +8.5% | 2.33% | -24.0% |
| TKC | Sell | TURKCELL ILETISIM HIZ.stk | $31,626,000 | -32.2% | 3,643,572 | -10.3% | 2.27% | -17.3% |
| TX | Sell | TURKCELL ILETISIM HIZ.stk | $29,012,000 | -31.1% | 2,360,649 | -2.9% | 2.08% | -15.9% |
| PBRA | Sell | STAPLES INCstk | $16,078,000 | -59.7% | 4,368,946 | -10.6% | 1.16% | -50.8% |
| TEX | Buy | TERNIUM SAadr | $689,000 | +19.4% | 38,400 | +54.8% | 0.05% | +44.1% |
| BBBY | New | HEWLETT-PACKARD COstk | $46,000 | – | 800 | – | 0.00% | – |
| Exit | BED BATH & BEYOND INCstk | $0 | – | -800 | – | -0.00% | – | |
| Exit | BARRICK GOLD CORPstk | $0 | – | -1,283,200 | – | -0.81% | – | |
| Exit | BARRICK GOLD CORPstk | $0 | – | -8,138,571 | – | -5.12% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | New | CITIGROUP INCstk | $275,514,000 | – | 4,987,584 | – | 16.21% | – |
| GM | New | GENERAL MOTORS COstk | $253,225,000 | – | 7,597,500 | – | 14.90% | – |
| SPLS | New | STAPLES INCstk | $248,120,000 | – | 16,206,400 | – | 14.60% | – |
| HPQ | New | HEWLETT-PACKARD COstk | $203,297,000 | – | 6,774,309 | – | 11.96% | – |
| MSFT | New | MICROSOFT CORPstk | $202,700,000 | – | 4,591,163 | – | 11.93% | – |
| New | BARRICK GOLD CORPstk | $87,038,000 | – | 8,138,571 | – | 5.12% | – | |
| ERJ | New | EMBRAER SAadr | $64,971,000 | – | 2,144,980 | – | 3.82% | – |
| SKM | New | SK TELECOM CO LTDadr | $62,304,000 | – | 2,513,247 | – | 3.67% | – |
| TLK | New | TELEKOMUNIKASI IND.adr | $52,252,000 | – | 1,204,253 | – | 3.08% | – |
| BVN | New | CIA DE MINAS BUENA.adr | $52,023,000 | – | 5,011,850 | – | 3.06% | – |
| INFY | New | INFOSYS LTDadr | $49,519,000 | – | 3,124,240 | – | 2.91% | – |
| TKC | New | TURKCELL ILET. HIZ.adr | $46,658,000 | – | 4,060,672 | – | 2.75% | – |
| TX | New | TERNIUM SAadr | $42,098,000 | – | 2,432,005 | – | 2.48% | – |
| PBRA | New | PETROLEO BRASILEIRO SAadr | $39,898,000 | – | 4,889,446 | – | 2.35% | – |
| New | BARRICK GOLD CORPstk | $13,723,000 | – | 1,283,200 | – | 0.81% | – | |
| PFE | New | PFIZER INCstk | $1,591,000 | – | 47,450 | – | 0.09% | – |
| JNJ | New | JOHNSON & JOHNSONstk | $1,423,000 | – | 14,603 | – | 0.08% | – |
| HNRG | New | HALLADOR ENERGY COstk | $1,301,000 | – | 156,000 | – | 0.08% | – |
| GES | New | GUESS? INCstk | $854,000 | – | 44,524 | – | 0.05% | – |
| TEX | New | TEREX CORPstk | $577,000 | – | 24,800 | – | 0.03% | – |
| New | BED BATH & BEYOND INCstk | $55,000 | – | 800 | – | 0.00% | – | |
| IBM | New | IBM CORPstk | $49,000 | – | 300 | – | 0.00% | – |
| CAT | New | CATERPILLAR INCstk | $42,000 | – | 500 | – | 0.00% | – |
| CHK | New | CHESAPEAKE ENERGY CORPstk | $19,000 | – | 1,700 | – | 0.00% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CHK | Exit | CHESAPEAKE ENERGY CORPstk | $0 | – | -1,700 | – | -0.00% | – |
| CAT | Exit | CATERPILLAR INCstk | $0 | – | -500 | – | -0.00% | – |
| WU | Exit | WESTERN UNION CO/THEstk | $0 | – | -2,800 | – | -0.00% | – |
| BBBY | Exit | BED BATH & BEYOND INCstk | $0 | – | -1,000 | – | -0.00% | – |
| IBM | Exit | INTERNATIONAL BUSINESS MACHINES CORPstk | $0 | – | -865 | – | -0.01% | – |
| GES | Exit | GUESS? INCstk | $0 | – | -14,724 | – | -0.02% | – |
| NFX | Exit | NEWFIELD EXPLORATION COstk | $0 | – | -17,050 | – | -0.04% | – |
| HNRG | Exit | HALLADOR ENERGY COstk | $0 | – | -92,900 | – | -0.06% | – |
| JNJ | Exit | JOHNSON & JOHNSONstk | $0 | – | -18,203 | – | -0.11% | – |
| PFE | Exit | PFIZER INCstk | $0 | – | -68,250 | – | -0.12% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -2,113,372 | – | -2.91% | – |
| TKC | Exit | TURKCELL ILETISIM HIZMETLERI ASadr | $0 | – | -4,468,572 | – | -3.36% | – |
| TLK | Exit | TELEKOMUNIKASI INDONESIA PERSERO TBK PTadr | $0 | – | -1,330,753 | – | -3.67% | – |
| BVN | Exit | CIA DE MINAS BUENAVENTURA SAAadr | $0 | – | -5,647,500 | – | -3.74% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SAadr | $0 | – | -4,504,706 | – | -3.84% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -1,208,010 | – | -4.18% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -2,075,829 | – | -4.66% | – |
| SKM | Exit | SK TELECOM CO LTDadr | $0 | – | -2,740,140 | – | -4.76% | – |
| GOLD | Exit | BARRICK GOLD CORPstk | $0 | – | -9,119,210 | – | -7.67% | – |
| HPQ | Exit | HEWLETT-PACKARD COstk | $0 | – | -4,962,209 | – | -10.08% | – |
| SPLS | Exit | STAPLES INCstk | $0 | – | -15,040,000 | – | -10.42% | – |
| GM | Exit | GENERAL MOTORS COstk | $0 | – | -6,699,600 | – | -12.26% | – |
| MSFT | Exit | MICROSOFT CORPstk | $0 | – | -4,877,163 | – | -12.95% | – |
| C | Exit | CITIGROUP INCstk | $0 | – | -5,097,484 | – | -15.13% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | Sell | CITIGROUP INCstk | $264,151,000 | -9.4% | 5,097,484 | -17.6% | 15.13% | +22.7% |
| MSFT | Sell | MICROSOFT CORPstk | $226,105,000 | -16.7% | 4,877,163 | -25.1% | 12.95% | +12.8% |
| GM | Sell | GENERAL MOTORS COstk | $213,985,000 | -26.5% | 6,699,600 | -16.5% | 12.26% | -0.4% |
| SPLS | Sell | STAPLES INCstk | $181,984,000 | -4.2% | 15,040,000 | -14.2% | 10.42% | +29.7% |
| HPQ | Sell | HEWLETT-PACKARD COstk | $176,011,000 | -34.5% | 4,962,209 | -37.8% | 10.08% | -11.2% |
| GOLD | Sell | BARRICK GOLD CORPstk | $133,864,000 | -37.6% | 9,119,210 | -22.1% | 7.67% | -15.5% |
| SKM | Buy | SK TELECOM CO LTDadr | $83,136,000 | +18.8% | 2,740,140 | +1.6% | 4.76% | +61.0% |
| ERJ | Buy | EMBRAER SAadr | $81,415,000 | +14.8% | 2,075,829 | +6.6% | 4.66% | +55.5% |
| INFY | Buy | INFOSYS LTDadr | $73,072,000 | +33.8% | 1,208,010 | +18.9% | 4.18% | +81.2% |
| PBRA | Buy | PETROLEO BRASILEIRO SAadr | $67,074,000 | +7.5% | 4,504,706 | +12.9% | 3.84% | +45.5% |
| BVN | Buy | CIA DE MINAS BUENAVENTURA SAAadr | $65,398,000 | +12.1% | 5,647,500 | +14.3% | 3.74% | +51.7% |
| TLK | Buy | TELEKOMUNIKASI INDONESIA PERSERO TBK PTadr | $64,009,000 | +16.9% | 1,330,753 | +1.3% | 3.67% | +58.4% |
| TKC | Buy | TURKCELL ILETISIM HIZMETLERI ASadr | $58,717,000 | -3.9% | 4,468,572 | +14.1% | 3.36% | +30.1% |
| TX | Buy | TERNIUM SAadr | $50,827,000 | -4.1% | 2,113,372 | +11.4% | 2.91% | +29.9% |
| HNRG | Buy | HALLADOR ENERGY COstk | $1,100,000 | +56.5% | 92,900 | +25.4% | 0.06% | +110.0% |
| GES | Buy | GUESS? INCstk | $323,000 | +31.3% | 14,724 | +61.4% | 0.02% | +80.0% |
| IBM | New | INTERNATIONAL BUSINESS MACHINES CORPstk | $164,000 | – | 865 | – | 0.01% | – |
| BBBY | Buy | BED BATH & BEYOND INCstk | $66,000 | +26.9% | 1,000 | +11.1% | 0.00% | +100.0% |
| TEVA | Exit | TEVA PHARMACEUTICAL INDUSTRIES LTDadr | $0 | – | -800 | – | -0.00% | – |
| LXK | Exit | LEXMARK INTERNATIONAL INCstk | $0 | – | -5,900 | – | -0.01% | – |
| BB | Exit | BLACKBERRY LTDstk | $0 | – | -53,000 | – | -0.02% | – |
| OGZPY | Exit | GAZPROM OAOadr | $0 | – | -64,200 | – | -0.02% | – |
| LUKOY | Exit | LUKOIL OAOadr | $0 | – | -5,781,285 | – | -14.60% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LUKOY | New | LUKOIL OAOadr | $345,201,000 | – | 5,781,285 | – | 14.60% | – |
| C | New | CITIGROUP INCstk | $291,511,000 | – | 6,189,184 | – | 12.33% | – |
| GM | New | GENERAL MOTORS COstk | $291,101,000 | – | 8,019,300 | – | 12.31% | – |
| MSFT | New | MICROSOFT CORPstk | $271,552,000 | – | 6,512,038 | – | 11.48% | – |
| HPQ | New | HEWLETT-PACKARD COstk | $268,601,000 | – | 7,975,080 | – | 11.36% | – |
| GOLD | New | BARRICK GOLD CORPstk | $214,580,000 | – | 11,712,954 | – | 9.07% | – |
| SPLS | New | STAPLES INCstk | $190,033,000 | – | 17,530,700 | – | 8.04% | – |
| ERJ | New | EMBRAER SAadr | $70,932,000 | – | 1,947,080 | – | 3.00% | – |
| SKM | New | SK TELECOM CO LTDadr | $69,967,000 | – | 2,697,247 | – | 2.96% | – |
| PBRA | New | PETROLEO BRASILEIRO SAadr | $62,412,000 | – | 3,990,546 | – | 2.64% | – |
| TKC | New | TURKCELL ILETISIM HIZMETLERI ASadr | $61,105,000 | – | 3,916,972 | – | 2.58% | – |
| BVN | New | CIA DE MINAS BUENAVENTURA SAAadr | $58,356,000 | – | 4,941,200 | – | 2.47% | – |
| TLK | New | TELEKOMUNIKASI INDONESIA PERSERO TBK PTadr | $54,752,000 | – | 1,314,253 | – | 2.32% | – |
| INFY | New | INFOSYS LTDadr | $54,615,000 | – | 1,015,710 | – | 2.31% | – |
| TX | New | TERNIUM SAadr | $52,993,000 | – | 1,897,372 | – | 2.24% | – |
| PFE | New | PFIZER INCstk | $2,026,000 | – | 68,250 | – | 0.09% | – |
| JNJ | New | JOHNSON & JOHNSONstk | $1,904,000 | – | 18,203 | – | 0.08% | – |
| NFX | New | NEWFIELD EXPLORATION COstk | $754,000 | – | 17,050 | – | 0.03% | – |
| HNRG | New | HALLADOR ENERGY COstk | $703,000 | – | 74,100 | – | 0.03% | – |
| OGZPY | New | GAZPROM OAOadr | $560,000 | – | 64,200 | – | 0.02% | – |
| BB | New | BLACKBERRY LTDstk | $544,000 | – | 53,000 | – | 0.02% | – |
| LXK | New | LEXMARK INTERNATIONAL INCstk | $284,000 | – | 5,900 | – | 0.01% | – |
| GES | New | GUESS? INCstk | $246,000 | – | 9,124 | – | 0.01% | – |
| WU | New | WESTERN UNION CO/THEstk | $49,000 | – | 2,800 | – | 0.00% | – |
| CHK | New | CHESAPEAKE ENERGY CORPstk | $53,000 | – | 1,700 | – | 0.00% | – |
| CAT | New | CATERPILLAR INCstk | $54,000 | – | 500 | – | 0.00% | – |
| TEVA | New | TEVA PHARMACEUTICAL INDUSTRIES LTDadr | $42,000 | – | 800 | – | 0.00% | – |
| BBBY | New | BED BATH & BEYOND INCstk | $52,000 | – | 900 | – | 0.00% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LXK | Exit | LEXMARK INTLstk | $0 | – | -10,800 | – | -0.02% | – |
| GES | Exit | GUESS? INCstk | $0 | – | -13,324 | – | -0.02% | – |
| NFX | Exit | NEWFIELD EXPLORAstk | $0 | – | -20,250 | – | -0.03% | – |
| JNJ | Exit | JOHNSON&JOHNSONstk | $0 | – | -18,203 | – | -0.08% | – |
| PFE | Exit | PFIZER INCstk | $0 | – | -87,450 | – | -0.13% | – |
| SKM | Exit | SK TELECOMadr | $0 | – | -1,578,947 | – | -1.84% | – |
| TKC | Exit | TURKCELL IL HIZadr | $0 | – | -2,440,506 | – | -1.84% | – |
| TLK | Exit | TELEKOMUNIKAadr | $0 | – | -1,101,018 | – | -2.05% | – |
| TX | Exit | TERNIUM SAadr | $0 | – | -1,890,954 | – | -2.33% | – |
| LUKOY | Exit | LUKOIL OAOadr | $0 | – | -798,849 | – | -2.60% | – |
| INFY | Exit | INFOSYS LTDadr | $0 | – | -1,075,810 | – | -2.65% | – |
| ERJ | Exit | EMBRAER SAadr | $0 | – | -1,694,680 | – | -2.82% | – |
| PBRA | Exit | PETROBRASadr | $0 | – | -3,426,646 | – | -2.94% | – |
| Exit | BARRICK GOLDstk | $0 | – | -9,632,276 | – | -9.10% | – | |
| GM | Exit | GENERAL MOTORSstk | $0 | – | -6,392,600 | – | -11.73% | – |
| MSFT | Exit | MICROSOFT CORPstk | $0 | – | -7,861,695 | – | -13.47% | – |
| HPQ | Exit | HEWLETT-PACKARDstk | $0 | – | -13,033,069 | – | -14.27% | – |
| CHK | Exit | CHESAPEAKE ENERGYstk | $0 | – | -12,334,611 | – | -15.98% | – |
| C | Exit | CITIGROUPstk | $0 | – | -6,486,490 | – | -16.11% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | Buy | CITIGROUPstk | $314,229,000 | +12.8% | 6,486,490 | +11.7% | 16.11% | -10.6% |
| CHK | Buy | CHESAPEAKE ENERGYstk | $311,713,000 | +43.4% | 12,334,611 | +15.7% | 15.98% | +13.7% |
| HPQ | Buy | HEWLETT-PACKARDstk | $278,286,000 | +18.4% | 13,033,069 | +37.5% | 14.27% | -6.1% |
| MSFT | Buy | MICROSOFT CORPstk | $262,795,000 | +7.9% | 7,861,695 | +11.6% | 13.47% | -14.4% |
| GM | Buy | GENERAL MOTORSstk | $228,809,000 | +91.9% | 6,392,600 | +78.5% | 11.73% | +52.1% |
| Buy | BARRICK GOLDstk | $177,459,000 | +46.3% | 9,632,276 | +14.4% | 9.10% | +16.0% | |
| PBRA | Buy | PETROBRASadr | $57,327,000 | +41.5% | 3,426,646 | +24.0% | 2.94% | +12.2% |
| ERJ | Buy | EMBRAER SAadr | $55,027,000 | +5.1% | 1,694,680 | +19.4% | 2.82% | -16.7% |
| INFY | Sell | INFOSYS LTDadr | $51,757,000 | +2.8% | 1,075,810 | -11.9% | 2.65% | -18.5% |
| LUKOY | Buy | LUKOIL OAOadr | $50,647,000 | +38.4% | 798,849 | +25.3% | 2.60% | +9.7% |
| TX | Sell | TERNIUM SAadr | $45,420,000 | +5.9% | 1,890,954 | -0.3% | 2.33% | -16.1% |
| TLK | Buy | TELEKOMUNIKAadr | $39,978,000 | +12.7% | 1,101,018 | +32.7% | 2.05% | -10.7% |
| TKC | Buy | TURKCELL IL HIZadr | $35,998,000 | +33.0% | 2,440,506 | +29.6% | 1.84% | +5.4% |
| SKM | Buy | SK TELECOMadr | $35,842,000 | +25.8% | 1,578,947 | +12.7% | 1.84% | -0.3% |
| JNJ | Sell | JOHNSON&JOHNSONstk | $1,578,000 | -38.3% | 18,203 | -38.9% | 0.08% | -50.9% |
| NFX | Buy | NEWFIELD EXPLORAstk | $554,000 | +36.1% | 20,250 | +18.8% | 0.03% | +7.7% |
| GES | Buy | GUESS? INCstk | $398,000 | -89.0% | 13,324 | +14.1% | 0.02% | -91.5% |
| LXK | Buy | LEXMARK INTLstk | $356,000 | +24.0% | 10,800 | +14.9% | 0.02% | -5.3% |
| SONC | Exit | SONIC CORPstk | $0 | – | -20,900 | – | -0.02% | – |
| PEP | Exit | PEPSICO INCstk | $0 | – | -26,773 | – | -0.14% | – |
| Exit | SAMSUNGgdr | $0 | – | -10,181 | – | -0.38% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| C | New | CITIGROUP INCstk | $278,673,000 | – | 5,809,324 | – | 18.02% | – |
| MSFT | New | MICROSOFT CORPstk | $243,446,000 | – | 7,047,238 | – | 15.74% | – |
| HPQ | New | HEWLETT-PACKARDstk | $235,069,000 | – | 9,478,580 | – | 15.20% | – |
| CHK | New | CHESAPEAKE ENERGYstk | $217,361,000 | – | 10,665,411 | – | 14.05% | – |
| New | Barrick Goldstk | $121,267,000 | – | 8,422,354 | – | 7.84% | – | |
| GM | New | GENERAL MOTORSstk | $119,263,000 | – | 3,580,400 | – | 7.71% | – |
| ERJ | New | EMBRAER SAadr | $52,381,000 | – | 1,419,903 | – | 3.39% | – |
| INFY | New | INFOSYS LTDadr | $50,326,000 | – | 1,221,800 | – | 3.25% | – |
| TX | New | TERNIUM SAadr | $42,907,000 | – | 1,896,020 | – | 2.77% | – |
| PBRA | New | PETROBRASadr | $40,513,000 | – | 2,763,455 | – | 2.62% | – |
| LUKOY | New | LUKOIL OAOadr | $36,603,000 | – | 637,690 | – | 2.37% | – |
| TLK | New | TELEKOMUNIKAadr | $35,472,000 | – | 829,954 | – | 2.29% | – |
| SKM | New | SK TELECOMadr | $28,492,000 | – | 1,401,454 | – | 1.84% | – |
| TKC | New | TURKCELL ILEadr | $27,059,000 | – | 1,883,076 | – | 1.75% | – |
| New | SAMSUNGgdr | $5,936,000 | – | 10,181 | – | 0.38% | – | |
| GES | New | GUESS? INCstk | $3,629,000 | – | 11,674 | – | 0.24% | – |
| JNJ | New | JOHNSON & JOHNSONstk | $2,559,000 | – | 29,803 | – | 0.16% | – |
| PFE | New | PFIZER INCstk | $2,449,000 | – | 87,450 | – | 0.16% | – |
| PEP | New | PEPSICO INCstk | $2,190,000 | – | 26,773 | – | 0.14% | – |
| NFX | New | NEWFIELD EXPL.stk | $407,000 | – | 17,050 | – | 0.03% | – |
| SONC | New | SONIC CORPstk | $304,000 | – | 20,900 | – | 0.02% | – |
| LXK | New | LEXMARK INTLstk | $287,000 | – | 9,400 | – | 0.02% | – |