RWC Asset Management LLP Activity Q1 2011-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
HPQ	Buy	HP INC	$114,228,713	-15.2%	4,444,697	+1.3%	7.44%	+14.8%
CSCO	Buy	CISCO SYS INC	$94,369,605	+6.8%	1,755,387	+2.8%	6.15%	+44.7%
QCOM	Buy	QUALCOMM INC	$71,253,875	-3.9%	641,580	+3.0%	4.64%	+30.1%
GOLD	Sell	BARRICK GOLD CORP	$63,084,348	-16.0%	4,335,694	-2.2%	4.11%	+13.8%
PDD	Sell	PDD HOLDINGS INCsponsored ads	$54,752,579	+32.0%	558,301	-6.9%	3.57%	+78.8%
BIDU	Sell	BAIDU INCspon adr rep a	$44,973,663	-26.2%	334,750	-24.8%	2.93%	-0.1%
AMT	Buy	AMERICAN TOWER CORP NEW	$43,562,805	-12.9%	264,900	+2.7%	2.84%	+17.9%
TPR	Buy	TAPESTRY INC	$43,428,945	-30.9%	1,510,572	+2.9%	2.83%	-6.4%
VALE	Buy	VALE S Asponsored ads	$43,101,810	+157.0%	3,216,553	+157.4%	2.81%	+248.1%
JNJ	Buy	JOHNSON & JOHNSON	$41,447,879	-2.9%	266,118	+3.2%	2.70%	+31.5%
PEP	Buy	PEPSICO INC	$38,978,994	-5.8%	230,046	+3.0%	2.54%	+27.6%
OMC	Buy	OMNICOM GROUP INC	$35,818,847	-19.5%	480,919	+2.8%	2.33%	+9.0%
PBR	Buy	PETROLEO BRASILEIRO SA PETROsponsored adr	$32,193,663	+95.0%	2,147,676	+79.9%	2.10%	+163.9%
MRK	Buy	MERCK & CO INC	$29,813,908	-8.3%	289,596	+2.7%	1.94%	+24.2%
GFI	Sell	GOLD FIELDS LTDsponsored adr	$28,428,222	-30.0%	2,617,700	-10.8%	1.85%	-5.1%
ABEV	Buy	AMBEV SAsponsored adr	$28,223,025	-17.8%	10,939,157	+1.4%	1.84%	+11.4%
PAYX	Buy	PAYCHEX INC	$27,434,124	+6.0%	237,875	+2.9%	1.79%	+43.6%
MELI	Sell	MERCADOLIBRE INC	$27,056,559	+5.1%	21,340	-1.8%	1.76%	+42.3%
INFY	Buy	INFOSYS LTDsponsored adr	$26,535,009	+10.3%	1,550,848	+3.6%	1.73%	+49.3%
PM	Buy	PHILIP MORRIS INTL INC	$25,811,767	-3.9%	278,805	+1.3%	1.68%	+30.1%
PG	Buy	PROCTER AND GAMBLE CO	$24,783,073	-0.9%	169,910	+3.1%	1.62%	+34.2%
C	Buy	CITIGROUP INC	$24,569,540	-10.3%	597,363	+0.4%	1.60%	+21.5%
CX	Buy	CEMEX SAB DE CVspon adr new	$23,707,177	+6.5%	3,647,258	+16.0%	1.54%	+44.3%
KOS	Sell	KOSMOS ENERGY LTD	$23,633,280	+26.6%	2,889,154	-7.3%	1.54%	+71.3%
EXC	Buy	EXELON CORP	$22,385,436	-3.9%	592,364	+3.6%	1.46%	+30.2%
ES	Buy	EVERSOURCE ENERGY	$21,854,515	-15.0%	375,830	+3.7%	1.42%	+15.1%
CMS	Buy	CMS ENERGY CORP	$21,607,963	-8.4%	406,853	+1.3%	1.41%	+24.1%
	Sell	AKAMAI TECHNOLOGIES INCnote 0.125% 5/0	$21,271,320	-15.3%	18,000,000	-23.4%	1.39%	+14.7%
BRX	Buy	BRIXMOR PPTY GROUP INC	$19,228,357	-2.2%	925,330	+3.5%	1.25%	+32.5%
	Buy	FEDERAL RLTY INVT TR NEWsh ben int new	$17,698,045	-3.1%	195,278	+3.5%	1.15%	+31.2%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$16,969,814	+40.0%	195,640	+34.5%	1.11%	+89.7%
	Buy	DEXCOM INCnote 0.250%11/1	$12,852,680	+12.5%	13,600,000	+27.1%	0.84%	+52.4%
NEM	Sell	NEWMONT CORP	$12,053,607	-85.7%	326,214	-83.5%	0.79%	-80.6%
	Sell	BIOMARIN PHARMACEUTICAL INCnote 0.599% 8/0	$9,709,000	-10.5%	10,000,000	-9.1%	0.63%	+21.3%
BSAC	Buy	BANCO SANTANDER CHILE NEW	$9,090,606	+44.7%	495,671	+48.7%	0.59%	+96.0%
	Buy	UBER TECHNOLOGIES INCnote 12/1	$8,420,490	+31.2%	9,000,000	+28.6%	0.55%	+77.7%
XPEV	New	XPENG INCads	$8,291,170	–	456,075	–	0.54%	–
	Buy	WOLFSPEED INCnote 1.750% 5/0	$8,173,613	+21.1%	7,500,000	+50.0%	0.53%	+64.0%
CAAP	Sell	CORPORACION AMER ARPTS S A	$7,814,772	+9.6%	585,815	-4.8%	0.51%	+48.4%
	Sell	EXACT SCIENCES CORPnote 0.375% 3/0	$7,769,340	-31.1%	9,000,000	-18.2%	0.51%	-6.8%
	Sell	ZILLOW GROUP INCnote 0.750% 9/0	$7,591,675	-15.0%	6,500,000	-9.7%	0.50%	+15.1%
LOMA	Buy	LOMA NEGRA C I A S A MTN 14sponsored ads	$7,597,535	+137.5%	1,259,956	+167.8%	0.50%	+221.4%
VIST	New	VISTA ENERGY S.A.B. DE C.V.sponsored ads	$6,931,503	–	228,085	–	0.45%	–
	Buy	DROPBOX INCnote 3/0	$6,798,960	+10.7%	7,200,000	+10.8%	0.44%	+50.2%
	Buy	SHIFT4 PMTS INCnote 12/1	$6,040,129	-2.8%	6,100,000	+7.0%	0.39%	+31.8%
	Sell	CYBERARK SOFTWARE LTDnote 11/1	$5,776,200	-24.3%	5,000,000	-25.4%	0.38%	+2.5%
	Buy	GRAN TIERRA ENERGY INC	$5,382,408	+138.1%	772,507	+67.3%	0.35%	+222.0%
	Sell	SPLUNK INCnote 1.125% 9/1	$5,381,050	+3.2%	5,000,000	-3.8%	0.35%	+39.8%
	Sell	BENTLEY SYS INCnote 0.125% 1/1	$5,344,460	-35.1%	5,500,000	-31.2%	0.35%	-12.1%
GGAL	Buy	GRUPO FINANCIERO GALICIA S.Asponsored adr	$5,199,303	+62.7%	398,414	+114.4%	0.34%	+120.1%
CPA	Buy	COPA HOLDINGS SAcl a	$5,124,935	+36.1%	57,506	+68.9%	0.33%	+84.5%
BZ	Buy	KANZHUN LIMITEDsponsored ads	$4,998,758	+318.2%	329,516	+314.9%	0.33%	+462.1%
	New	ENPHASE ENERGY INCnote 3/0	$4,975,080	–	6,000,000	–	0.32%	–
	New	HALOZYME THERAPEUTICS INCnote 1.000% 8/1	$4,965,623	–	5,300,000	–	0.32%	–
	Sell	TYLER TEX INDPT SCH DISTnote 0.250% 3/1	$4,855,150	-23.2%	5,000,000	-18.0%	0.32%	+3.9%
	New	SAREPTA THERAPEUTICS INCnote 1.250% 9/1	$4,822,321	–	4,300,000	–	0.31%	–
PSMT	New	PRICESMART INC	$4,777,662	–	64,190	–	0.31%	–
	Buy	NCL CORP LTDnote 5.375% 8/0	$4,773,220	-3.4%	4,100,000	+13.9%	0.31%	+30.7%
	Sell	DATADOG INCnote 0.125% 6/1	$4,360,728	-22.0%	3,700,000	-17.8%	0.28%	+5.6%
	New	LIBERTY MEDIA CORP DELnote 2.250% 8/1	$3,910,000	–	4,000,000	–	0.26%	–
	New	INSULET CORPnote 0.375% 9/0	$3,917,060	–	4,000,000	–	0.26%	–
	New	CINEMARK HLDGS INCnote 4.500% 8/1	$3,520,668	–	2,400,000	–	0.23%	–
MSFT	Sell	MICROSOFT CORP	$3,219,703	-90.9%	10,197	-90.1%	0.21%	-87.6%
ANTM	Sell	ELEVANCE HEALTH INC	$3,052,730	-89.5%	7,011	-89.3%	0.20%	-85.7%
	New	ALNYLAM PHARMACEUTICALS INCnote 1.000% 9/1	$2,972,128	–	3,200,000	–	0.19%	–
AMZN	Sell	AMAZON COM INC	$2,705,876	-89.2%	21,286	-88.9%	0.18%	-85.4%
	New	POST HLDGS INCnote 2.500% 8/1	$2,679,696	–	2,700,000	–	0.18%	–
	Sell	CONMED CORPnote 2.250% 6/1	$2,672,180	-31.8%	2,800,000	-20.0%	0.17%	-7.9%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,488,941	-87.0%	5,659	-89.1%	0.16%	-82.4%
CSX	Sell	CSX CORP	$2,407,510	-90.3%	78,293	-89.2%	0.16%	-86.8%
SCHW	Sell	SCHWAB CHARLES CORP	$2,246,508	-89.5%	40,920	-89.1%	0.15%	-85.8%
KR	Sell	KROGER CO	$2,219,779	-89.4%	49,604	-88.9%	0.14%	-85.7%
PCAR	Sell	PACCAR INC	$2,159,933	-88.8%	25,405	-88.9%	0.14%	-84.7%
LAC	Buy	LITHIUM AMERS CORP NEW	$2,123,804	+67.2%	124,410	+98.5%	0.14%	+126.2%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$2,102,198	-96.4%	24,191	-95.8%	0.14%	-95.1%
	New	WAYFAIR INCnote 3.250% 9/1	$1,812,180	–	1,500,000	–	0.12%	–
	Sell	INTERDIGITAL INCnote 3.500% 6/0	$1,765,200	-27.7%	1,500,000	-16.7%	0.12%	-2.5%
	New	ARRAY TECHNOLOGIES INCnote 1.000%12/0	$1,713,750	–	1,500,000	–	0.11%	–
AIG	Sell	AMERICAN INTL GROUP INC	$1,661,470	-88.4%	27,417	-88.9%	0.11%	-84.3%
	Sell	BLOCK INCnote 0.125% 3/0	$1,577,345	-58.3%	1,700,000	-57.5%	0.10%	-43.4%
BAC	Sell	BANK AMERICA CORP	$1,504,586	-89.6%	54,952	-89.1%	0.10%	-85.9%
IT	Sell	GARTNER INC	$1,472,025	-88.9%	4,284	-88.6%	0.10%	-84.9%
LRCX	Sell	LAM RESEARCH CORP	$1,407,725	-90.7%	2,246	-90.4%	0.09%	-87.3%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$1,356,898	-89.4%	130,471	-89.1%	0.09%	-85.8%
TAL	New	TAL EDUCATION GROUPsponsored ads	$1,220,658	–	133,991	–	0.08%	–
BKR	Sell	BAKER HUGHES COMPANYcl a	$1,142,637	-90.2%	32,351	-91.3%	0.07%	-86.9%
EXP	Sell	EAGLE MATLS INC	$1,115,351	-90.9%	6,698	-89.9%	0.07%	-87.7%
	New	ZTO EXPRESS CAYMAN INCnote 1.500% 9/0	$970,260	–	1,000,000	–	0.06%	–
IPG	Sell	INTERPUBLIC GROUP COS INC	$921,505	-92.3%	32,153	-89.6%	0.06%	-89.6%
	Sell	ON SEMICONDUCTOR CORPnote 5/0	$907,750	-24.1%	500,000	-23.1%	0.06%	+1.7%
LAZ	Sell	LAZARD LTD	$887,847	-86.6%	28,631	-86.2%	0.06%	-81.9%
COST	Sell	COSTCO WHSL CORP NEW	$853,655	-88.3%	1,511	-88.8%	0.06%	-84.0%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$753,588	-90.0%	9,075	-89.0%	0.05%	-86.5%
PINS	Sell	PINTEREST INCcl a	$722,161	-89.1%	26,717	-88.9%	0.05%	-85.2%
PYPL	Sell	PAYPAL HLDGS INC	$694,505	-90.4%	11,880	-89.0%	0.04%	-87.1%
ALK	Sell	ALASKA AIR GROUP INC	$678,824	-94.6%	18,307	-92.2%	0.04%	-92.7%
LEN	Sell	LENNAR CORPcl a	$629,610	-93.3%	5,610	-92.5%	0.04%	-90.9%
	Sell	ENPHASE ENERGY INCnote 3/0	$529,176	-94.7%	600,000	-94.3%	0.03%	-92.9%
VZ	New	VERIZON COMMUNICATIONS INC	$490,072	–	15,121	–	0.03%	–
	Sell	SEA LTDnote 2.375%12/0	$479,175	-93.9%	500,000	-93.5%	0.03%	-91.8%
DADA	Sell	DADA NEXUS LTDads	$440,559	-58.4%	99,002	-50.3%	0.03%	-43.1%
	Sell	SHOPIFY INCnote 0.125%11/0	$446,338	-67.3%	500,000	-66.7%	0.03%	-56.1%
LBTYK	Sell	LIBERTY GLOBAL PLC	$413,183	-88.5%	22,262	-89.0%	0.03%	-84.4%
LENB	Sell	LENNAR CORPcl b	$417,405	-81.2%	4,083	-79.2%	0.03%	-74.8%
SMG	Sell	SCOTTS MIRACLE-GRO COcl a	$403,828	-91.0%	7,814	-89.0%	0.03%	-87.9%
	New	ORMAT TECHNOLOGIES INCnote 2.500% 7/1	$389,438	–	400,000	–	0.02%	–
VAL	New	VALARIS LTDcl a	$357,730	–	4,771	–	0.02%	–
SYF	Sell	SYNCHRONY FINANCIAL	$311,478	-90.0%	10,189	-88.9%	0.02%	-86.7%
	Sell	LI AUTO INCnote 0.250% 5/0	$281,501	-94.3%	200,000	-94.4%	0.02%	-92.5%
	Exit	HANNON ARMSTRONG SUST INFR Cnote 8/1	$0	–	-200,000	–	-0.01%	–
WB	Exit	WEIBO CORPsponsored adr	$0	–	-37,200	–	-0.02%	–
ZLAB	Exit	ZAI LAB LTDadr	$0	–	-17,024	–	-0.02%	–
	Exit	BILIBILI INCnote 0.500%12/0	$0	–	-600,000	–	-0.02%	–
	Exit	PDD HOLDINGS INCnote 12/0	$0	–	-800,000	–	-0.04%	–
	Exit	TDCX INCads	$0	–	-126,197	–	-0.05%	–
	Exit	EXPEDIA GROUP INCnote 2/1	$0	–	-2,000,000	–	-0.08%	–
	Exit	FIVE9 INCnote 0.500% 6/0	$0	–	-2,500,000	–	-0.12%	–
	Exit	IONIS PHARMACEUTICALS INCnote 4/0	$0	–	-3,000,000	–	-0.14%	–
	Exit	LUMENTUM HLDGS INCnote 0.250% 3/1	$0	–	-4,000,000	–	-0.21%	–
	Exit	RAPID7 INCnote 2.250% 5/0	$0	–	-5,000,000	–	-0.25%	–
	Exit	CARNIVAL CORPnote 5.750%10/0	$0	–	-4,600,000	–	-0.44%	–
TCOM	Exit	TRIP COM GROUP LTDads	$0	–	-408,636	–	-0.69%	–
LI	Exit	LI AUTO INCsponsored ads	$0	–	-720,212	–	-1.22%	–

Q2 2023

			Value		Shares		↓ Weighting
HPQ	New	HP INC	$134,773,415	–	4,388,584	–	6.48%	–
CSCO	New	CISCO SYS INC	$88,364,262	–	1,707,852	–	4.25%	–
NEM	New	NEWMONT CORP	$84,108,755	–	1,971,607	–	4.05%	–
GOLD	New	BARRICK GOLD CORP	$75,084,296	–	4,434,985	–	3.61%	–
QCOM	New	QUALCOMM INC	$74,175,014	–	623,110	–	3.57%	–
TPR	New	TAPESTRY INC	$62,845,337	–	1,468,349	–	3.02%	–
BIDU	New	BAIDU INCspon adr rep a	$60,971,362	–	445,339	–	2.93%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$58,549,646	–	580,159	–	2.82%	–
AMT	New	AMERICAN TOWER CORP NEW	$50,030,314	–	257,968	–	2.41%	–
OMC	New	OMNICOM GROUP INC	$44,498,610	–	467,668	–	2.14%	–
JNJ	New	JOHNSON & JOHNSON	$42,691,249	–	257,922	–	2.05%	–
PDD	New	PDD HOLDINGS INCsponsored ads	$41,481,373	–	599,962	–	2.00%	–
PEP	New	PEPSICO INC	$41,368,331	–	223,347	–	1.99%	–
GFI	New	GOLD FIELDS LTDsponsored adr	$40,583,457	–	2,934,451	–	1.95%	–
MSFT	New	MICROSOFT CORP	$35,211,155	–	103,398	–	1.69%	–
ABEV	New	AMBEV SAsponsored adr	$34,320,951	–	10,792,752	–	1.65%	–
MRK	New	MERCK & CO INC	$32,523,364	–	281,856	–	1.56%	–
ANTM	New	ELEVANCE HEALTH INC	$28,976,594	–	65,220	–	1.39%	–
C	New	CITIGROUP INC	$27,400,338	–	595,142	–	1.32%	–
PM	New	PHILIP MORRIS INTL INC	$26,868,929	–	275,240	–	1.29%	–
PAYX	New	PAYCHEX INC	$25,873,517	–	231,282	–	1.24%	–
MELI	New	MERCADOLIBRE INC	$25,755,573	–	21,742	–	1.24%	–
ES	New	EVERSOURCE ENERGY	$25,706,301	–	362,469	–	1.24%	–
LI	New	LI AUTO INCsponsored ads	$25,279,441	–	720,212	–	1.22%	–
	New	AKAMAI TECHNOLOGIES INCnote 0.125% 5/0	$25,107,400	–	23,500,000	–	1.21%	–
AMZN	New	AMAZON COM INC	$25,100,557	–	192,548	–	1.21%	–
PG	New	PROCTER AND GAMBLE CO	$24,996,889	–	164,735	–	1.20%	–
CSX	New	CSX CORP	$24,750,155	–	725,811	–	1.19%	–
INFY	New	INFOSYS LTDsponsored adr	$24,057,947	–	1,497,072	–	1.16%	–
CMS	New	CMS ENERGY CORP	$23,598,289	–	401,673	–	1.14%	–
EXC	New	EXELON CORP	$23,290,162	–	571,678	–	1.12%	–
	New	SOUTHWEST AIRLS COnote 1.250% 5/0	$23,272,622	–	20,200,000	–	1.12%	–
CX	New	CEMEX SAB DE CVspon adr new	$22,266,777	–	3,145,025	–	1.07%	–
SCHW	New	SCHWAB CHARLES CORP	$21,310,490	–	375,979	–	1.02%	–
KR	New	KROGER CO	$21,028,881	–	447,423	–	1.01%	–
BRX	New	BRIXMOR PPTY GROUP INC	$19,665,448	–	893,884	–	0.95%	–
PCAR	New	PACCAR INC	$19,210,306	–	229,651	–	0.92%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$19,089,280	–	51,962	–	0.92%	–
KOS	New	KOSMOS ENERGY LTD	$18,673,849	–	3,117,504	–	0.90%	–
	New	AIRBNB INCnote 3/1	$18,354,840	–	21,000,000	–	0.88%	–
	New	FEDERAL RLTY INVT TR NEWsh ben int new	$18,262,434	–	188,720	–	0.88%	–
VALE	New	VALE S Asponsored ads	$16,772,933	–	1,249,846	–	0.81%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$16,512,149	–	1,193,937	–	0.80%	–
LRCX	New	LAM RESEARCH CORP	$15,108,496	–	23,502	–	0.73%	–
BAC	New	BANK AMERICA CORP	$14,486,183	–	504,921	–	0.70%	–
TCOM	New	TRIP COM GROUP LTDads	$14,302,260	–	408,636	–	0.69%	–
AIG	New	AMERICAN INTL GROUP INC	$14,271,013	–	248,019	–	0.69%	–
IT	New	GARTNER INC	$13,211,942	–	37,715	–	0.64%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$12,851,129	–	1,192,127	–	0.62%	–
ALK	New	ALASKA AIR GROUP INC	$12,465,552	–	234,403	–	0.60%	–
EXP	New	EAGLE MATLS INC	$12,320,125	–	66,088	–	0.59%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$12,123,674	–	145,455	–	0.58%	–
IPG	New	INTERPUBLIC GROUP COS INC	$11,978,126	–	310,475	–	0.58%	–
BKR	New	BAKER HUGHES COMPANYcl a	$11,702,623	–	370,219	–	0.56%	–
	New	WESTERN DIGITAL CORP.note 1.500% 2/0	$11,473,407	–	11,850,000	–	0.55%	–
	New	DEXCOM INCnote 0.250%11/1	$11,428,456	–	10,700,000	–	0.55%	–
	New	EXACT SCIENCES CORPnote 0.375% 3/0	$11,282,260	–	11,000,000	–	0.54%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 0.599% 8/0	$10,848,475	–	11,000,000	–	0.52%	–
	New	FORD MTR CO DELnote 3/1	$10,625,380	–	9,700,000	–	0.51%	–
	New	ENPHASE ENERGY INCnote 3/0	$9,893,258	–	10,500,000	–	0.48%	–
LEN	New	LENNAR CORPcl a	$9,400,004	–	75,014	–	0.45%	–
	New	CARNIVAL CORPnote 5.750%10/0	$9,155,656	–	4,600,000	–	0.44%	–
	New	ZILLOW GROUP INCnote 0.750% 9/0	$8,930,880	–	7,200,000	–	0.43%	–
	New	BENTLEY SYS INCnote 0.125% 1/1	$8,234,840	–	8,000,000	–	0.40%	–
	New	SEA LTDnote 2.375%12/0	$7,838,600	–	7,700,000	–	0.38%	–
	New	ZSCALER INCnote 0.125% 7/0	$7,810,726	–	6,700,000	–	0.38%	–
	New	CYBERARK SOFTWARE LTDnote 11/1	$7,629,726	–	6,700,000	–	0.37%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$7,541,995	–	82,779	–	0.36%	–
COST	New	COSTCO WHSL CORP NEW	$7,292,895	–	13,546	–	0.35%	–
PYPL	New	PAYPAL HLDGS INC	$7,230,262	–	108,351	–	0.35%	–
CAAP	New	CORPORACION AMER ARPTS S A	$7,132,671	–	615,416	–	0.34%	–
	New	NRG ENERGY INCdbcv 2.750% 6/0	$6,883,760	–	6,500,000	–	0.33%	–
	New	JAZZ INVESTMENTS I LTDnote 2.000% 6/1	$6,840,834	–	6,700,000	–	0.33%	–
	New	AMERICAN AIRLINES GROUP INCnote 6.500% 7/0	$6,800,218	–	5,300,000	–	0.33%	–
	New	WOLFSPEED INCnote 1.750% 5/0	$6,750,600	–	5,000,000	–	0.32%	–
LAZ	New	LAZARD LTD	$6,641,120	–	207,535	–	0.32%	–
PINS	New	PINTEREST INCcl a	$6,601,243	–	241,450	–	0.32%	–
	New	UBER TECHNOLOGIES INCnote 12/1	$6,419,070	–	7,000,000	–	0.31%	–
	New	TYLER TEX INDPT SCH DISTnote 0.250% 3/1	$6,324,694	–	6,100,000	–	0.30%	–
BSAC	New	BANCO SANTANDER CHILE NEW	$6,282,234	–	333,275	–	0.30%	–
	New	SHIFT4 PMTS INCnote 12/1	$6,216,335	–	5,700,000	–	0.30%	–
	New	DROPBOX INCnote 3/0	$6,139,380	–	6,500,000	–	0.30%	–
	New	DATADOG INCnote 0.125% 6/1	$5,593,635	–	4,500,000	–	0.27%	–
	New	SPLUNK INCnote 1.125% 9/1	$5,212,168	–	5,200,000	–	0.25%	–
	New	RAPID7 INCnote 2.250% 5/0	$5,143,300	–	5,000,000	–	0.25%	–
	New	LI AUTO INCnote 0.250% 5/0	$4,957,920	–	3,600,000	–	0.24%	–
	New	NCL CORP LTDnote 5.375% 8/0	$4,943,034	–	3,600,000	–	0.24%	–
	New	SOLAREDGE TECHNOLOGIES INCnote 9/1	$4,772,300	–	4,000,000	–	0.23%	–
	New	BILL HOLDINGS INCnote 12/0	$4,712,130	–	4,500,000	–	0.23%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$4,466,976	–	71,255	–	0.22%	–
	New	LUMENTUM HLDGS INCnote 0.250% 3/1	$4,274,000	–	4,000,000	–	0.21%	–
	New	NICE LTDnote 9/1	$4,259,156	–	4,400,000	–	0.20%	–
	New	MICROCHIP TECHNOLOGY INC.note 0.125%11/1	$3,977,015	–	3,500,000	–	0.19%	–
	New	CONMED CORPnote 2.250% 6/1	$3,918,968	–	3,500,000	–	0.19%	–
	New	ETSY INCnote 0.125%10/0	$3,916,572	–	3,300,000	–	0.19%	–
	New	BLOCK INCnote 0.125% 3/0	$3,782,120	–	4,000,000	–	0.18%	–
CPA	New	COPA HOLDINGS SAcl a	$3,765,470	–	34,052	–	0.18%	–
	New	MIDDLEBY CORPnote 1.000% 9/0	$3,742,110	–	3,000,000	–	0.18%	–
LBTYK	New	LIBERTY GLOBAL PLC	$3,593,325	–	202,213	–	0.17%	–
LOMA	New	LOMA NEGRA C I A S A MTN 14sponsored ads	$3,199,257	–	470,479	–	0.15%	–
GGAL	New	GRUPO FINANCIERO GALICIA S.Asponsored adr	$3,196,207	–	185,826	–	0.15%	–
SYF	New	SYNCHRONY FINANCIAL	$3,111,346	–	91,726	–	0.15%	–
	New	IONIS PHARMACEUTICALS INCnote 4/0	$2,843,190	–	3,000,000	–	0.14%	–
	New	INTERDIGITAL INCnote 3.500% 6/0	$2,443,158	–	1,800,000	–	0.12%	–
	New	FIVE9 INCnote 0.500% 6/0	$2,424,263	–	2,500,000	–	0.12%	–
	New	GRAN TIERRA ENERGY INC	$2,260,750	–	461,657	–	0.11%	–
LENB	New	LENNAR CORPcl b	$2,222,430	–	19,671	–	0.11%	–
	New	EXPEDIA GROUP INCnote 2/1	$1,755,740	–	2,000,000	–	0.08%	–
	New	INSMED INCnote 0.750% 6/0	$1,695,650	–	2,000,000	–	0.08%	–
	New	MICROSTRATEGY INCnote 0.750%12/1	$1,631,850	–	1,500,000	–	0.08%	–
	New	SHOPIFY INCnote 0.125%11/0	$1,366,853	–	1,500,000	–	0.07%	–
LAC	New	LITHIUM AMERS CORP NEW	$1,269,881	–	62,677	–	0.06%	–
BZ	New	KANZHUN LIMITEDsponsored ads	$1,195,422	–	79,430	–	0.06%	–
	New	ON SEMICONDUCTOR CORPnote 5/0	$1,195,682	–	650,000	–	0.06%	–
DADA	New	DADA NEXUS LTDads	$1,058,426	–	199,327	–	0.05%	–
	New	PALO ALTO NETWORKS INCnote 0.375% 6/0	$1,029,692	–	400,000	–	0.05%	–
	New	TDCX INCads	$998,218	–	126,197	–	0.05%	–
	New	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$968,630	–	1,000,000	–	0.05%	–
	New	PDD HOLDINGS INCnote 12/0	$775,256	–	800,000	–	0.04%	–
QFIN	New	QIFU TECHNOLOGY INCamerican dep	$709,828	–	41,078	–	0.03%	–
	New	BILIBILI INCnote 0.500%12/0	$524,409	–	600,000	–	0.02%	–
WB	New	WEIBO CORPsponsored adr	$487,692	–	37,200	–	0.02%	–
ZLAB	New	ZAI LAB LTDadr	$472,076	–	17,024	–	0.02%	–
	New	BOX INCnote 1/1	$373,767	–	300,000	–	0.02%	–
	New	SPOTIFY USA INCnote 3/1	$340,832	–	400,000	–	0.02%	–
	New	WOLFSPEED INCnote 0.250% 2/1	$231,996	–	300,000	–	0.01%	–
	New	HANNON ARMSTRONG SUST INFR Cnote 8/1	$198,398	–	200,000	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	HANNON ARMSTRONG SUST INFR Cnote 8/1	$0	–	-200,000	–	-0.01%	–
	Exit	SPOTIFY USA INCnote 3/1	$0	–	-400,000	–	-0.01%	–
BZ	Exit	KANZHUN LIMITEDsponsored ads	$0	–	-19,455	–	-0.01%	–
	Exit	BOX INCnote 1/1	$0	–	-300,000	–	-0.01%	–
	Exit	VNET GROUP INCnote 2/0	$0	–	-500,000	–	-0.02%	–
	Exit	STARWOOD PPTY TR INCnote 4.375% 4/0	$0	–	-500,000	–	-0.02%	–
	Exit	PALO ALTO NETWORKS INCnote 0.750% 7/0	$0	–	-300,000	–	-0.02%	–
JMIA	Exit	JUMIA TECHNOLOGIES AGsponsored ads	$0	–	-109,570	–	-0.02%	–
	Exit	BILIBILI INCnote 1.250% 6/1	$0	–	-800,000	–	-0.02%	–
	Exit	MICROSTRATEGY INCnote 0.750%12/1	$0	–	-1,100,000	–	-0.03%	–
GGAL	Exit	GRUPO FINANCIERO GALICIA S.Asponsored adr	$0	–	-110,246	–	-0.03%	–
	Exit	PINDUODUO INCnote 12/0	$0	–	-1,100,000	–	-0.03%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-514,422	–	-0.04%	–
BSAC	Exit	BANCO SANTANDER CHILE NEW	$0	–	-76,263	–	-0.04%	–
	Exit	TDCX INCads	$0	–	-134,033	–	-0.04%	–
	Exit	VAIL RESORTS INCnote 1/0	$0	–	-2,000,000	–	-0.06%	–
	Exit	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$0	–	-2,000,000	–	-0.06%	–
GTE	Exit	GRAN TIERRA ENERGY INC	$0	–	-1,269,415	–	-0.07%	–
LAC	Exit	LITHIUM AMERS CORP NEW	$0	–	-65,368	–	-0.08%	–
	Exit	INSMED INCnote 0.750% 6/0	$0	–	-2,700,000	–	-0.08%	–
	Exit	BILIBILI INCnote 1.375% 4/0	$0	–	-2,650,000	–	-0.08%	–
	Exit	IONIS PHARMACEUTICALS INCnote 4/0	$0	–	-2,500,000	–	-0.08%	–
	Exit	NICE LTDnote 9/1	$0	–	-3,200,000	–	-0.09%	–
	Exit	BILL COM HLDGS INCnote 12/0	$0	–	-2,800,000	–	-0.10%	–
	Exit	OMNICELL COMnote 0.250% 9/1	$0	–	-3,000,000	–	-0.11%	–
	Exit	ETSY INCnote 0.125%10/0	$0	–	-2,400,000	–	-0.11%	–
	Exit	SILICON LABORATORIES INCnote 0.625% 6/1	$0	–	-2,700,000	–	-0.11%	–
	Exit	PURE STORAGE INCnote 0.125% 4/1	$0	–	-3,100,000	–	-0.12%	–
	Exit	RAPID7 INCnote 0.250% 3/1	$0	–	-4,700,000	–	-0.12%	–
	Exit	INTEGRA LIFESCIENCES HLDGS Cnote 0.500% 8/1	$0	–	-4,100,000	–	-0.12%	–
	Exit	ON SEMICONDUCTOR CORPnote 5/0	$0	–	-2,950,000	–	-0.13%	–
	Exit	SOLAREDGE TECHNOLOGIES INCnote 9/1	$0	–	-3,600,000	–	-0.13%	–
	Exit	DISH NETWORK CORPORATIONnote 12/1	$0	–	-6,300,000	–	-0.14%	–
	Exit	MARRIOTT VACATIONS WORLDWIDEnote 1/1	$0	–	-4,500,000	–	-0.14%	–
	Exit	FIVE9 INCnote 0.500% 6/0	$0	–	-4,600,000	–	-0.14%	–
	Exit	NRG ENERGY INCdbcv 2.750% 6/0	$0	–	-4,000,000	–	-0.14%	–
	Exit	AMERICAN AIRLINES GROUP INCnote 6.500% 7/0	$0	–	-4,500,000	–	-0.15%	–
	Exit	INSULET CORPnote 0.375% 9/0	$0	–	-3,900,000	–	-0.16%	–
CAAP	Exit	CORPORACION AMER ARPTS S A	$0	–	-717,437	–	-0.16%	–
SMG	Exit	SCOTTS MIRACLE-GRO COcl a	$0	–	-115,559	–	-0.17%	–
	Exit	DEXCOM INCnote 0.250%11/1	$0	–	-6,000,000	–	-0.19%	–
PSLV	Exit	SPROTT PHYSICAL SILVER TRtr unit	$0	–	-865,000	–	-0.19%	–
	Exit	TYLER TEX INDPT SCH DISTnote 0.250% 3/1	$0	–	-6,100,000	–	-0.20%	–
	Exit	LIBERTY MEDIA CORP DELnote 1.375%10/1	$0	–	-4,900,000	–	-0.20%	–
	Exit	SHIFT4 PMTS INCnote 12/1	$0	–	-6,800,000	–	-0.20%	–
	Exit	LUMENTUM HLDGS INCnote 0.500%12/1	$0	–	-6,500,000	–	-0.20%	–
	Exit	JAZZ INVESTMENTS I LTDnote 2.000% 6/1	$0	–	-6,000,000	–	-0.22%	–
	Exit	SEA LTDnote 2.375%12/0	$0	–	-6,600,000	–	-0.22%	–
LENB	Exit	LENNAR CORPcl b	$0	–	-114,148	–	-0.23%	–
	Exit	MICROCHIP TECHNOLOGY INC.note 0.125%11/1	$0	–	-7,000,000	–	-0.24%	–
	Exit	BENTLEY SYS INCnote 0.125% 1/1	$0	–	-8,500,000	–	-0.24%	–
	Exit	COUPA SOFTWARE INCnote 0.125% 6/1	$0	–	-8,500,000	–	-0.24%	–
	Exit	CYBERARK SOFTWARE LTDnote 11/1	$0	–	-6,500,000	–	-0.25%	–
	Exit	BOOKING HOLDINGS INCnote 0.750% 5/0	$0	–	-6,200,000	–	-0.25%	–
	Exit	ENPHASE ENERGY INCnote 3/0	$0	–	-6,700,000	–	-0.26%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 0.599% 8/0	$0	–	-8,200,000	–	-0.27%	–
	Exit	ZILLOW GROUP INCnote 0.750% 9/0	$0	–	-8,300,000	–	-0.28%	–
	Exit	DROPBOX INCnote 3/0	$0	–	-9,500,000	–	-0.28%	–
LTHM	Exit	LIVENT CORP	$0	–	-288,579	–	-0.30%	–
LI	Exit	LI AUTO INCsponsored ads	$0	–	-402,141	–	-0.31%	–
	Exit	BLOCK INCnote 0.125% 3/0	$0	–	-10,200,000	–	-0.31%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-436,327	–	-0.34%	–
	Exit	ARES CAPITAL CORPnote 4.625% 3/0	$0	–	-10,000,000	–	-0.34%	–
	Exit	WESTERN DIGITAL CORP.note 1.500% 2/0	$0	–	-11,850,000	–	-0.38%	–
	Exit	FORD MTR CO DELnote 3/1	$0	–	-12,500,000	–	-0.38%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-408,203	–	-0.39%	–
HBI	Exit	HANESBRANDS INC	$0	–	-1,650,848	–	-0.39%	–
	Exit	AIRBNB INCnote 3/1	$0	–	-14,500,000	–	-0.40%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-163,037	–	-0.43%	–
KOS	Exit	KOSMOS ENERGY LTD	$0	–	-2,492,932	–	-0.43%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-231,697	–	-0.45%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-195,356	–	-0.48%	–
BRX	Exit	BRIXMOR PPTY GROUP INC	$0	–	-801,957	–	-0.50%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-903,745	–	-0.50%	–
	Exit	TWITTER INCnote 3/1	$0	–	-16,300,000	–	-0.50%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-308,663	–	-0.52%	–
	Exit	FEDERAL RLTY INVT TR NEWsh ben int new	$0	–	-174,369	–	-0.53%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-127,107	–	-0.54%	–
ABEV	Exit	AMBEV SAsponsored adr	$0	–	-5,929,016	–	-0.56%	–
YMM	Exit	FULL TRUCK ALLIANCE CO LTDsponsored ads	$0	–	-2,588,642	–	-0.57%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-214,280	–	-0.60%	–
	Exit	SPLUNK INCnote 0.500% 9/1	$0	–	-18,800,000	–	-0.60%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-226,579	–	-0.61%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-5,419,016	–	-0.62%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-896,774	–	-0.63%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-546,861	–	-0.64%	–
	Exit	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$0	–	-20,600,000	–	-0.65%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-1,153,703	–	-0.66%	–
PAYX	Exit	PAYCHEX INC	$0	–	-178,755	–	-0.67%	–
	Exit	SOUTHWEST AIRLS COnote 1.250% 5/0	$0	–	-17,800,000	–	-0.68%	–
EXC	Exit	EXELON CORP	$0	–	-549,515	–	-0.69%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-298,065	–	-0.76%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-361,741	–	-0.77%	–
MRK	Exit	MERCK & CO INC	$0	–	-292,532	–	-0.85%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-67,232	–	-0.87%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-60,367	–	-0.96%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-335,784	–	-1.00%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-269,687	–	-1.05%	–
EXP	Exit	EAGLE MATLS INC	$0	–	-292,285	–	-1.05%	–
TPR	Exit	TAPESTRY INC	$0	–	-1,135,917	–	-1.08%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-39,127	–	-1.09%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-1,354,053	–	-1.16%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-102,967	–	-1.26%	–
GFI	Exit	GOLD FIELDS LTDsponsored adr	$0	–	-4,658,113	–	-1.26%	–
PEP	Exit	PEPSICO INC	$0	–	-244,160	–	-1.34%	–
SQM	Exit	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$0	–	-440,595	–	-1.34%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-849,221	–	-1.35%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-1,040,442	–	-1.37%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-483,162	–	-1.40%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-612,055	–	-1.53%	–
QCOM	Exit	QUALCOMM INC	$0	–	-423,493	–	-1.61%	–
CSCO	Exit	CISCO SYS INC	$0	–	-1,321,251	–	-1.78%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-1,799,149	–	-1.82%	–
C	Exit	CITIGROUP INC	$0	–	-1,327,013	–	-1.86%	–
IT	Exit	GARTNER INC	$0	–	-202,880	–	-1.88%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-191,766	–	-1.95%	–
LAZ	Exit	LAZARD LTD	$0	–	-2,105,779	–	-2.25%	–
PCAR	Exit	PACCAR INC	$0	–	-817,377	–	-2.30%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-4,549,675	–	-2.37%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-1,236,522	–	-2.60%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-6,364,296	–	-2.82%	–
NEM	Exit	NEWMONT CORP	$0	–	-2,018,597	–	-2.85%	–
CSX	Exit	CSX CORP	$0	–	-3,230,023	–	-2.89%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-1,315,079	–	-3.03%	–
AMZN	Exit	AMAZON COM INC	$0	–	-858,915	–	-3.26%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-436,699	–	-3.42%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-1,517,360	–	-3.66%	–
KR	Exit	KROGER CO	$0	–	-2,611,978	–	-3.84%	–
HPQ	Exit	HP INC	$0	–	-4,713,640	–	-3.94%	–
ANTM	Exit	ELEVANCE HEALTH INC	$0	–	-289,663	–	-4.42%	–

Q3 2022

			Value		Shares		↓ Weighting
ANTM	Buy	ELEVANCE HEALTH INC	$131,576,000	+14.0%	289,663	+21.1%	4.42%	+22.2%
HPQ	Buy	HP INC	$117,464,000	-23.7%	4,713,640	+0.4%	3.94%	-18.2%
KR	Sell	KROGER CO	$114,273,000	-8.6%	2,611,978	-1.2%	3.84%	-2.0%
SCHW	Sell	SCHWAB CHARLES CORP	$109,053,000	+11.4%	1,517,360	-2.1%	3.66%	+19.4%
MSFT	Sell	MICROSOFT CORP	$101,706,000	-13.1%	436,699	-4.1%	3.42%	-6.8%
AMZN	Sell	AMAZON COM INC	$97,058,000	+2.6%	858,915	-3.5%	3.26%	+10.0%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$90,161,000	-21.3%	1,315,079	-6.1%	3.03%	-15.6%
CSX	Sell	CSX CORP	$86,048,000	-9.7%	3,230,023	-1.5%	2.89%	-3.2%
NEM	Buy	NEWMONT CORP	$84,843,000	-29.4%	2,018,597	+0.3%	2.85%	-24.3%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$83,882,000	-4.8%	6,364,296	-13.1%	2.82%	+2.0%
PDD	Buy	PINDUODUO INCsponsored ads	$77,382,000	+26.1%	1,236,522	+24.5%	2.60%	+35.2%
GOLD	Buy	BARRICK GOLD CORP	$70,522,000	-12.1%	4,549,675	+0.3%	2.37%	-5.8%
PCAR	Sell	PACCAR INC	$68,406,000	+1.1%	817,377	-0.5%	2.30%	+8.4%
LAZ	Sell	LAZARD LTD	$67,026,000	-2.4%	2,105,779	-0.6%	2.25%	+4.7%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$58,171,000	-36.3%	191,766	-1.6%	1.95%	-31.7%
IT	Sell	GARTNER INC	$56,135,000	+13.8%	202,880	-0.5%	1.88%	+22.0%
C	Buy	CITIGROUP INC	$55,296,000	+15.8%	1,327,013	+27.8%	1.86%	+24.1%
BAC	Sell	BK OF AMERICA CORP	$54,334,000	-6.9%	1,799,149	-4.0%	1.82%	-0.2%
CSCO	Buy	CISCO SYS INC	$52,851,000	-0.5%	1,321,251	+6.0%	1.78%	+6.7%
QCOM	Buy	QUALCOMM INC	$47,847,000	-6.2%	423,493	+6.0%	1.61%	+0.6%
LEN	Sell	LENNAR CORPcl a	$45,630,000	+3.0%	612,055	-2.5%	1.53%	+10.4%
PYPL	Sell	PAYPAL HLDGS INC	$41,586,000	+17.0%	483,162	-5.1%	1.40%	+25.4%
ALK	Sell	ALASKA AIR GROUP INC	$40,733,000	-2.6%	1,040,442	-0.3%	1.37%	+4.4%
AIG	Sell	AMERICAN INTL GROUP INC	$40,321,000	-7.6%	849,221	-0.5%	1.35%	-1.0%
SQM	Sell	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$39,984,000	-9.5%	440,595	-16.7%	1.34%	-2.9%
PEP	Buy	PEPSICO INC	$39,862,000	+3.9%	244,160	+6.0%	1.34%	+11.4%
LRCX	Sell	LAM RESEARCH CORP	$37,686,000	-14.6%	102,967	-0.5%	1.26%	-8.5%
GFI	Sell	GOLD FIELDS LTDsponsored adr	$37,684,000	-16.6%	4,658,113	-6.0%	1.26%	-10.6%
IPG	Sell	INTERPUBLIC GROUP COS INC	$34,663,000	-8.8%	1,354,053	-1.9%	1.16%	-2.2%
MELI	Sell	MERCADOLIBRE INC	$32,388,000	-49.9%	39,127	-61.5%	1.09%	-46.3%
TPR	Buy	TAPESTRY INC	$32,294,000	-1.2%	1,135,917	+6.1%	1.08%	+6.0%
PGR	Buy	PROGRESSIVE CORP	$31,341,000	+6.0%	269,687	+6.0%	1.05%	+13.6%
EXP	Sell	EAGLE MATLS INC	$31,328,000	-3.0%	292,285	-0.5%	1.05%	+4.0%
EXPD	Sell	EXPEDITORS INTL WASH INC	$29,652,000	-9.8%	335,784	-0.5%	1.00%	-3.3%
COST	Sell	COSTCO WHSL CORP NEW	$28,509,000	-2.0%	60,367	-0.5%	0.96%	+5.0%
LMT	Buy	LOCKHEED MARTIN CORP	$25,972,000	-4.7%	67,232	+6.1%	0.87%	+2.2%
MRK	Buy	MERCK & CO INC	$25,193,000	+0.2%	292,532	+6.0%	0.85%	+7.4%
OMC	Buy	OMNICOM GROUP INC	$22,823,000	+5.2%	361,741	+6.1%	0.77%	+12.6%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$22,664,000	-8.4%	298,065	-0.5%	0.76%	-1.8%
EXC	Buy	EXELON CORP	$20,585,000	-12.4%	549,515	+6.0%	0.69%	-6.1%
	Buy	SOUTHWEST AIRLS COnote 1.250% 5/0	$20,317,000	+422.0%	17,800,000	+439.4%	0.68%	+459.0%
PAYX	Buy	PAYCHEX INC	$20,058,000	+4.5%	178,755	+6.1%	0.67%	+12.1%
INFY	Buy	INFOSYS LTDsponsored adr	$19,579,000	-2.8%	1,153,703	+6.0%	0.66%	+4.1%
HOG	Buy	HARLEY DAVIDSON INC	$19,074,000	+16.8%	546,861	+6.0%	0.64%	+25.2%
BKR	Buy	BAKER HUGHES COMPANYcl a	$18,797,000	+4.6%	896,774	+44.1%	0.63%	+12.1%
CX	Sell	CEMEX SAB DE CVspon adr new	$18,588,000	-19.3%	5,419,016	-7.7%	0.62%	-13.5%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$18,124,000	–	226,579	–	0.61%	–
PM	Buy	PHILIP MORRIS INTL INC	$17,788,000	-10.8%	214,280	+6.1%	0.60%	-4.5%
YMM	New	FULL TRUCK ALLIANCE CO LTDsponsored ads	$16,956,000	–	2,588,642	–	0.57%	–
ABEV	Buy	AMBEV SAsponsored adr	$16,778,000	+19.5%	5,929,016	+6.0%	0.56%	+28.0%
PG	Buy	PROCTER AND GAMBLE CO	$16,047,000	-6.9%	127,107	+6.1%	0.54%	-0.2%
	Buy	FEDERAL RLTY INVT TR NEWsh ben int new	$15,714,000	-0.2%	174,369	+6.1%	0.53%	+7.1%
JD	Sell	JD.COM INCspon adr cl a	$15,526,000	-35.4%	308,663	-17.5%	0.52%	-30.8%
	Buy	TWITTER INCnote 3/1	$15,005,000	+380.8%	16,300,000	+365.7%	0.50%	+414.3%
LBTYK	Sell	LIBERTY GLOBAL PLC	$14,913,000	-25.7%	903,745	-0.5%	0.50%	-20.3%
BRX	Buy	BRIXMOR PPTY GROUP INC	$14,812,000	-3.1%	801,957	+6.0%	0.50%	+3.8%
EMR	Buy	EMERSON ELEC CO	$14,304,000	-2.4%	195,356	+6.0%	0.48%	+4.6%
CMS	Buy	CMS ENERGY CORP	$13,494,000	-8.5%	231,697	+6.1%	0.45%	-1.9%
KOS	Buy	KOSMOS ENERGY LTD	$12,889,000	+60.6%	2,492,932	+92.3%	0.43%	+72.5%
ES	Buy	EVERSOURCE ENERGY	$12,709,000	-2.1%	163,037	+6.1%	0.43%	+4.9%
	Sell	AIRBNB INCnote 3/1	$12,017,000	-6.3%	14,500,000	-6.5%	0.40%	+0.5%
SYF	Sell	SYNCHRONY FINANCIAL	$11,507,000	-18.3%	408,203	-19.9%	0.39%	-12.5%
HBI	Sell	HANESBRANDS INC	$11,488,000	-64.1%	1,650,848	-46.9%	0.39%	-61.5%
	Sell	FORD MTR CO DELnote 3/1	$11,466,000	-4.5%	12,500,000	-3.8%	0.38%	+2.4%
	Sell	WESTERN DIGITAL CORP.note 1.500% 2/0	$11,247,000	-60.4%	11,850,000	-60.3%	0.38%	-57.5%
	Sell	ARES CAPITAL CORPnote 4.625% 3/0	$10,238,000	-18.5%	10,000,000	-16.7%	0.34%	-12.5%
PINS	Sell	PINTEREST INCcl a	$10,166,000	+27.6%	436,327	-0.5%	0.34%	+36.9%
	Buy	BLOCK INCnote 0.125% 3/0	$9,313,000	+31.3%	10,200,000	+36.0%	0.31%	+41.0%
LI	Sell	LI AUTO INCsponsored ads	$9,254,000	-41.6%	402,141	-2.8%	0.31%	-37.3%
LTHM	Sell	LIVENT CORP	$8,845,000	+21.6%	288,579	-10.0%	0.30%	+30.3%
	Sell	DROPBOX INCnote 3/0	$8,298,000	-23.5%	9,500,000	-20.8%	0.28%	-17.9%
	Sell	ENPHASE ENERGY INCnote 3/0	$7,729,000	-3.1%	6,700,000	-17.3%	0.26%	+4.0%
	New	BOOKING HOLDINGS INCnote 0.750% 5/0	$7,468,000	–	6,200,000	–	0.25%	–
	Sell	CYBERARK SOFTWARE LTDnote 11/1	$7,426,000	-0.2%	6,500,000	-7.1%	0.25%	+6.9%
	Sell	MICROCHIP TECHNOLOGY INC.note 0.125%11/1	$7,070,000	-12.4%	7,000,000	-12.5%	0.24%	-6.3%
LENB	Sell	LENNAR CORPcl b	$6,793,000	+0.7%	114,148	-0.7%	0.23%	+8.1%
	Buy	SEA LTDnote 2.375%12/0	$6,551,000	-0.2%	6,600,000	+11.9%	0.22%	+6.8%
	Sell	JAZZ INVESTMENTS I LTDnote 2.000% 6/1	$6,437,000	-21.7%	6,000,000	-14.3%	0.22%	-16.3%
	Buy	LUMENTUM HLDGS INCnote 0.500%12/1	$6,091,000	+0.3%	6,500,000	+10.2%	0.20%	+7.9%
	New	LIBERTY MEDIA CORP DELnote 1.375%10/1	$5,950,000	–	4,900,000	–	0.20%	–
	Sell	DEXCOM INCnote 0.250%11/1	$5,566,000	-6.6%	6,000,000	-7.7%	0.19%	0.0%
SMG	Sell	SCOTTS MIRACLE-GRO COcl a	$4,941,000	-46.1%	115,559	-0.5%	0.17%	-42.2%
	Buy	AMERICAN AIRLINES GROUP INCnote 6.500% 7/0	$4,554,000	+1.8%	4,500,000	+5.9%	0.15%	+9.3%
	Sell	FIVE9 INCnote 0.500% 6/0	$4,191,000	-16.4%	4,600,000	-9.8%	0.14%	-10.2%
	Buy	MARRIOTT VACATIONS WORLDWIDEnote 1/1	$4,140,000	+67.7%	4,500,000	+66.7%	0.14%	+80.5%
	Sell	SOLAREDGE TECHNOLOGIES INCnote 9/1	$3,927,000	-22.5%	3,600,000	-14.3%	0.13%	-17.0%
	Sell	ON SEMICONDUCTOR CORPnote 5/0	$3,909,000	-30.2%	2,950,000	-39.2%	0.13%	-25.1%
	Buy	RAPID7 INCnote 0.250% 3/1	$3,577,000	+12.6%	4,700,000	+34.3%	0.12%	+20.0%
	Sell	PURE STORAGE INCnote 0.125% 4/1	$3,508,000	-36.2%	3,100,000	-36.7%	0.12%	-31.4%
	New	ETSY INCnote 0.125%10/0	$3,214,000	–	2,400,000	–	0.11%	–
	New	SILICON LABORATORIES INCnote 0.625% 6/1	$3,214,000	–	2,700,000	–	0.11%	–
	New	OMNICELL COMnote 0.250% 9/1	$3,194,000	–	3,000,000	–	0.11%	–
	New	BILL COM HLDGS INCnote 12/0	$3,087,000	–	2,800,000	–	0.10%	–
	New	IONIS PHARMACEUTICALS INCnote 4/0	$2,497,000	–	2,500,000	–	0.08%	–
	New	INSMED INCnote 0.750% 6/0	$2,442,000	–	2,700,000	–	0.08%	–
	Buy	BILIBILI INCnote 1.375% 4/0	$2,449,000	+37.8%	2,650,000	+89.3%	0.08%	+46.4%
LAC	Sell	LITHIUM AMERS CORP NEW	$2,370,000	-25.3%	65,368	-46.6%	0.08%	-19.2%
GTE	Buy	GRAN TIERRA ENERGY INC	$2,145,000	+57.4%	1,269,415	+37.8%	0.07%	+67.4%
	Sell	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$1,811,000	-38.0%	2,000,000	-35.5%	0.06%	-33.7%
	New	VAIL RESORTS INCnote 1/0	$1,761,000	–	2,000,000	–	0.06%	–
	New	TDCX INCads	$1,256,000	–	134,033	–	0.04%	–
QRTEA	Sell	QURATE RETAIL INC	$1,033,000	-30.7%	514,422	-0.9%	0.04%	-25.5%
	New	MICROSTRATEGY INCnote 0.750%12/1	$829,000	–	1,100,000	–	0.03%	–
GGAL	New	GRUPO FINANCIERO GALICIA S.Asponsored adr	$822,000	–	110,246	–	0.03%	–
	Sell	BILIBILI INCnote 1.250% 6/1	$744,000	-87.2%	800,000	-85.5%	0.02%	-86.2%
JMIA	Sell	JUMIA TECHNOLOGIES AGsponsored ads	$637,000	-32.9%	109,570	-30.1%	0.02%	-30.0%
BZ	Sell	KANZHUN LIMITEDsponsored ads	$328,000	-61.9%	19,455	-40.6%	0.01%	-59.3%
	Exit	CHEESECAKE FACTORY INCnote 0.375% 6/1	$0	–	-300,000	–	-0.01%	–
	Exit	SHOPIFY INCnote 0.125%11/0	$0	–	-400,000	–	-0.01%	–
	Exit	SEA LTDnote 0.250% 9/1	$0	–	-1,000,000	–	-0.02%	–
	Exit	PIONEER NAT RES COnote 0.250% 5/1	$0	–	-1,100,000	–	-0.07%	–
	Exit	LI AUTO INCnote 0.250% 5/0	$0	–	-1,700,000	–	-0.08%	–
	Exit	NORTONLIFELOCK INCnote 2.000% 8/1	$0	–	-2,500,000	–	-0.08%	–
	Exit	COINBASE GLOBAL INCnote 0.500% 6/0	$0	–	-6,000,000	–	-0.11%	–
	Exit	SNAP INCnote 0.750% 8/0	$0	–	-4,700,000	–	-0.14%	–
	Exit	OKTA INCnote 0.125% 9/0	$0	–	-5,700,000	–	-0.16%	–
	Exit	ZENDESK INCnote 0.625% 6/1	$0	–	-5,500,000	–	-0.17%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-53,447	–	-0.33%	–
	Exit	TWITTER INCnote 0.250% 6/1	$0	–	-12,800,000	–	-0.39%	–

Q2 2022

			Value		Shares		↓ Weighting
HPQ	New	HP INC	$153,902,000	–	4,695,024	–	4.82%	–
KR	New	KROGER CO	$125,072,000	–	2,642,553	–	3.92%	–
NEM	New	NEWMONT CORP	$120,128,000	–	2,013,212	–	3.76%	–
MSFT	New	MICROSOFT CORP	$116,998,000	–	455,551	–	3.66%	–
ANTM	New	ELEVANCE HEALTH INC	$115,460,000	–	239,254	–	3.62%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$114,507,000	–	1,400,700	–	3.59%	–
SCHW	New	SCHWAB CHARLES CORP	$97,923,000	–	1,549,907	–	3.07%	–
CSX	New	CSX CORP	$95,254,000	–	3,277,837	–	2.98%	–
AMZN	New	AMAZON COM INC	$94,569,000	–	890,393	–	2.96%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$91,283,000	–	194,828	–	2.86%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$88,135,000	–	7,326,267	–	2.76%	–
GOLD	New	BARRICK GOLD CORP	$80,238,000	–	4,535,779	–	2.51%	–
LAZ	New	LAZARD LTD	$68,649,000	–	2,118,133	–	2.15%	–
PCAR	New	PACCAR INC	$67,655,000	–	821,669	–	2.12%	–
MELI	New	MERCADOLIBRE INC	$64,702,000	–	101,593	–	2.03%	–
PDD	New	PINDUODUO INCsponsored ads	$61,370,000	–	993,048	–	1.92%	–
BAC	New	BK OF AMERICA CORP	$58,363,000	–	1,874,813	–	1.83%	–
CSCO	New	CISCO SYS INC	$53,132,000	–	1,246,061	–	1.66%	–
QCOM	New	QUALCOMM INC	$51,021,000	–	399,410	–	1.60%	–
IT	New	GARTNER INC	$49,327,000	–	203,975	–	1.54%	–
C	New	CITIGROUP INC	$47,751,000	–	1,038,294	–	1.50%	–
GFI	New	GOLD FIELDS LTDsponsored adr	$45,174,000	–	4,953,236	–	1.42%	–
LEN	New	LENNAR CORPcl a	$44,302,000	–	627,797	–	1.39%	–
SQM	New	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$44,160,000	–	528,665	–	1.38%	–
LRCX	New	LAM RESEARCH CORP	$44,111,000	–	103,513	–	1.38%	–
AIG	New	AMERICAN INTL GROUP INC	$43,640,000	–	853,520	–	1.37%	–
ALK	New	ALASKA AIR GROUP INC	$41,815,000	–	1,044,062	–	1.31%	–
PEP	New	PEPSICO INC	$38,372,000	–	230,236	–	1.20%	–
IPG	New	INTERPUBLIC GROUP COS INC	$37,996,000	–	1,380,213	–	1.19%	–
PYPL	New	PAYPAL HLDGS INC	$35,549,000	–	509,015	–	1.11%	–
EXPD	New	EXPEDITORS INTL WASH INC	$32,882,000	–	337,394	–	1.03%	–
TPR	New	TAPESTRY INC	$32,675,000	–	1,070,600	–	1.02%	–
EXP	New	EAGLE MATLS INC	$32,303,000	–	293,824	–	1.01%	–
HBI	New	HANESBRANDS INC	$31,992,000	–	3,108,867	–	1.00%	–
PGR	New	PROGRESSIVE CORP	$29,577,000	–	254,376	–	0.93%	–
COST	New	COSTCO WHSL CORP NEW	$29,084,000	–	60,684	–	0.91%	–
	New	WESTERN DIGITAL CORP.note 1.500% 2/0	$28,427,000	–	29,850,000	–	0.89%	–
LMT	New	LOCKHEED MARTIN CORP	$27,249,000	–	63,376	–	0.85%	–
MRK	New	MERCK & CO INC	$25,148,000	–	275,847	–	0.79%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$24,746,000	–	299,652	–	0.78%	–
JD	New	JD.COM INCspon adr cl a	$24,028,000	–	374,155	–	0.75%	–
EXC	New	EXELON CORP	$23,486,000	–	518,245	–	0.74%	–
CX	New	CEMEX SAB DE CVspon adr new	$23,021,000	–	5,872,846	–	0.72%	–
OMC	New	OMNICOM GROUP INC	$21,697,000	–	341,091	–	0.68%	–
	New	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$20,456,000	–	20,600,000	–	0.64%	–
INFY	New	INFOSYS LTDsponsored adr	$20,138,000	–	1,087,962	–	0.63%	–
LBTYK	New	LIBERTY GLOBAL PLC	$20,074,000	–	908,674	–	0.63%	–
PM	New	PHILIP MORRIS INTL INC	$19,949,000	–	202,038	–	0.62%	–
PAYX	New	PAYCHEX INC	$19,191,000	–	168,533	–	0.60%	–
	New	SPLUNK INCnote 0.500% 9/1	$18,064,000	–	18,800,000	–	0.57%	–
BKR	New	BAKER HUGHES COMPANYcl a	$17,971,000	–	622,471	–	0.56%	–
PG	New	PROCTER AND GAMBLE CO	$17,229,000	–	119,822	–	0.54%	–
HOG	New	HARLEY DAVIDSON INC	$16,329,000	–	515,732	–	0.51%	–
LI	New	LI AUTO INCsponsored ads	$15,844,000	–	413,589	–	0.50%	–
	New	FEDERAL RLTY INVT TR NEWsh ben int new	$15,742,000	–	164,415	–	0.49%	–
BRX	New	BRIXMOR PPTY GROUP INC	$15,286,000	–	756,341	–	0.48%	–
CMS	New	CMS ENERGY CORP	$14,746,000	–	218,458	–	0.46%	–
EMR	New	EMERSON ELEC CO	$14,653,000	–	184,224	–	0.46%	–
SYF	New	SYNCHRONY FINANCIAL	$14,077,000	–	509,612	–	0.44%	–
ABEV	New	AMBEV SAsponsored adr	$14,038,000	–	5,592,395	–	0.44%	–
ES	New	EVERSOURCE ENERGY	$12,982,000	–	153,698	–	0.41%	–
	New	AIRBNB INCnote 3/1	$12,831,000	–	15,500,000	–	0.40%	–
	New	TWITTER INCnote 0.250% 6/1	$12,578,000	–	12,800,000	–	0.39%	–
	New	ARES CAPITAL CORPnote 4.625% 3/0	$12,563,000	–	12,000,000	–	0.39%	–
	New	FORD MTR CO DELnote 3/1	$12,002,000	–	13,000,000	–	0.38%	–
	New	DROPBOX INCnote 3/0	$10,850,000	–	12,000,000	–	0.34%	–
CVCO	New	CAVCO INDS INC DEL	$10,475,000	–	53,447	–	0.33%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$9,175,000	–	116,156	–	0.29%	–
	New	ZILLOW GROUP INCnote 0.750% 9/0	$8,644,000	–	8,300,000	–	0.27%	–
	New	JAZZ INVESTMENTS I LTDnote 2.000% 6/1	$8,226,000	–	7,000,000	–	0.26%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 0.599% 8/0	$8,143,000	–	8,200,000	–	0.26%	–
	New	MICROCHIP TECHNOLOGY INC.note 0.125%11/1	$8,071,000	–	8,000,000	–	0.25%	–
KOS	New	KOSMOS ENERGY LTD	$8,025,000	–	1,296,541	–	0.25%	–
	New	ENPHASE ENERGY INCnote 3/0	$7,974,000	–	8,100,000	–	0.25%	–
PINS	New	PINTEREST INCcl a	$7,964,000	–	438,516	–	0.25%	–
	New	CYBERARK SOFTWARE LTDnote 11/1	$7,439,000	–	7,000,000	–	0.23%	–
	New	BENTLEY SYS INCnote 0.125% 1/1	$7,398,000	–	8,500,000	–	0.23%	–
LTHM	New	LIVENT CORP	$7,273,000	–	320,579	–	0.23%	–
	New	COUPA SOFTWARE INCnote 0.125% 6/1	$7,117,000	–	8,500,000	–	0.22%	–
	New	BLOCK INCnote 0.125% 3/0	$7,091,000	–	7,500,000	–	0.22%	–
LENB	New	LENNAR CORPcl b	$6,748,000	–	114,941	–	0.21%	–
	New	SEA LTDnote 2.375%12/0	$6,561,000	–	5,900,000	–	0.21%	–
	New	LUMENTUM HLDGS INCnote 0.500%12/1	$6,070,000	–	5,900,000	–	0.19%	–
	New	DEXCOM INCnote 0.250%11/1	$5,962,000	–	6,500,000	–	0.19%	–
PSLV	New	SPROTT PHYSICAL SILVER TRtr unit	$5,969,000	–	865,000	–	0.19%	–
	New	BILIBILI INCnote 1.250% 6/1	$5,792,000	–	5,500,000	–	0.18%	–
	New	TYLER TEX INDPT SCH DISTnote 0.250% 3/1	$5,749,000	–	6,100,000	–	0.18%	–
	New	ON SEMICONDUCTOR CORPnote 5/0	$5,601,000	–	4,850,000	–	0.18%	–
	New	PURE STORAGE INCnote 0.125% 4/1	$5,498,000	–	4,900,000	–	0.17%	–
	New	SHIFT4 PMTS INCnote 12/1	$5,492,000	–	6,800,000	–	0.17%	–
	New	ZENDESK INCnote 0.625% 6/1	$5,338,000	–	5,500,000	–	0.17%	–
	New	SOLAREDGE TECHNOLOGIES INCnote 9/1	$5,067,000	–	4,200,000	–	0.16%	–
	New	OKTA INCnote 0.125% 9/0	$5,067,000	–	5,700,000	–	0.16%	–
	New	FIVE9 INCnote 0.500% 6/0	$5,012,000	–	5,100,000	–	0.16%	–
	New	SNAP INCnote 0.750% 8/0	$4,509,000	–	4,700,000	–	0.14%	–
	New	INSULET CORPnote 0.375% 9/0	$4,462,000	–	3,900,000	–	0.14%	–
	New	AMERICAN AIRLINES GROUP INCnote 6.500% 7/0	$4,475,000	–	4,250,000	–	0.14%	–
	New	DISH NETWORK CORPORATIONnote 12/1	$4,427,000	–	6,300,000	–	0.14%	–
	New	NRG ENERGY INCdbcv 2.750% 6/0	$4,324,000	–	4,000,000	–	0.14%	–
CAAP	New	CORPORACION AMER ARPTS S A	$4,003,000	–	717,437	–	0.12%	–
	New	INTEGRA LIFESCIENCES HLDGS Cnote 0.500% 8/1	$3,910,000	–	4,100,000	–	0.12%	–
	New	SOUTHWEST AIRLS COnote 1.250% 5/0	$3,892,000	–	3,300,000	–	0.12%	–
	New	COINBASE GLOBAL INCnote 0.500% 6/0	$3,451,000	–	6,000,000	–	0.11%	–
	New	RAPID7 INCnote 0.250% 3/1	$3,177,000	–	3,500,000	–	0.10%	–
LAC	New	LITHIUM AMERS CORP NEW	$3,174,000	–	122,403	–	0.10%	–
	New	TWITTER INCnote 3/1	$3,121,000	–	3,500,000	–	0.10%	–
	New	NICE LTDnote 9/1	$3,096,000	–	3,200,000	–	0.10%	–
	New	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$2,922,000	–	3,100,000	–	0.09%	–
	New	NORTONLIFELOCK INCnote 2.000% 8/1	$2,714,000	–	2,500,000	–	0.08%	–
	New	LI AUTO INCnote 0.250% 5/0	$2,493,000	–	1,700,000	–	0.08%	–
	New	MARRIOTT VACATIONS WORLDWIDEnote 1/1	$2,468,000	–	2,700,000	–	0.08%	–
	New	PIONEER NAT RES COnote 0.250% 5/1	$2,377,000	–	1,100,000	–	0.07%	–
	New	BILIBILI INCnote 1.375% 4/0	$1,777,000	–	1,400,000	–	0.06%	–
QRTEA	New	QURATE RETAIL INC	$1,490,000	–	519,256	–	0.05%	–
GTE	New	GRAN TIERRA ENERGY INC	$1,363,000	–	921,112	–	0.04%	–
BSAC	New	BANCO SANTANDER CHILE NEW	$1,242,000	–	76,263	–	0.04%	–
	New	PINDUODUO INCnote 12/0	$968,000	–	1,100,000	–	0.03%	–
JMIA	New	JUMIA TECHNOLOGIES AGsponsored ads	$950,000	–	156,779	–	0.03%	–
BZ	New	KANZHUN LIMITEDsponsored ads	$861,000	–	32,756	–	0.03%	–
	New	SEA LTDnote 0.250% 9/1	$731,000	–	1,000,000	–	0.02%	–
	New	PALO ALTO NETWORKS INCnote 0.750% 7/0	$565,000	–	300,000	–	0.02%	–
	New	STARWOOD PPTY TR INCnote 4.375% 4/0	$497,000	–	500,000	–	0.02%	–
	New	VNET GROUP INCnote 2/0	$409,000	–	500,000	–	0.01%	–
	New	SHOPIFY INCnote 0.125%11/0	$336,000	–	400,000	–	0.01%	–
	New	BOX INCnote 1/1	$342,000	–	300,000	–	0.01%	–
	New	SPOTIFY USA INCnote 3/1	$320,000	–	400,000	–	0.01%	–
	New	CHEESECAKE FACTORY INCnote 0.375% 6/1	$231,000	–	300,000	–	0.01%	–
	New	HANNON ARMSTRONG SUST INFR Cnote 8/1	$198,000	–	200,000	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
	Exit	WEIBO CORPnote 1.250%11/1	$0	–	-200,000	–	-0.01%	–
	Exit	HANNON ARMSTRONG SUST INFR Cnote 8/1	$0	–	-200,000	–	-0.01%	–
	Exit	BLACKROCK CAP INVT CORPnote 5.000% 6/1	$0	–	-300,000	–	-0.01%	–
	Exit	CHEESECAKE FACTORY INCnote 0.375% 6/1	$0	–	-300,000	–	-0.01%	–
	Exit	LIVE NATION ENTERTAINMENT INnote 2.000% 2/1	$0	–	-300,000	–	-0.01%	–
	Exit	STARWOOD PPTY TR INCnote 4.375% 4/0	$0	–	-500,000	–	-0.02%	–
	Exit	PALO ALTO NETWORKS INCnote 0.750% 7/0	$0	–	-300,000	–	-0.02%	–
GTE	Exit	GRAN TIERRA ENERGY INC	$0	–	-627,760	–	-0.02%	–
	Exit	EURONET WORLDWIDE INCnote 0.750% 3/1	$0	–	-600,000	–	-0.02%	–
	Exit	TWITTER INCnote 0.250% 6/1	$0	–	-1,500,000	–	-0.06%	–
	Exit	LIBERTY MEDIA CORP DELnote 1.000% 1/3	$0	–	-1,400,000	–	-0.06%	–
	Exit	VIAVI SOLUTIONS INCnote 1.000% 3/0	$0	–	-1,700,000	–	-0.07%	–
	Exit	HUAZHU GROUP LTDnote 0.375%11/0	$0	–	-2,000,000	–	-0.07%	–
	Exit	AMERICAN AIRLINES GROUP INCnote 6.500% 7/0	$0	–	-1,500,000	–	-0.07%	–
	Exit	JOYY INCnote 0.750% 6/1	$0	–	-2,500,000	–	-0.07%	–
	Exit	WIX COM LTDnote 8/1	$0	–	-2,700,000	–	-0.08%	–
	Exit	NICE LTDnote 9/1	$0	–	-2,500,000	–	-0.09%	–
	Exit	PEGASYSTEMS INCnote 0.750% 3/0	$0	–	-2,600,000	–	-0.09%	–
	Exit	LENDINGTREE INC NEWnote 0.625% 6/0	$0	–	-3,000,000	–	-0.09%	–
	Exit	LIVONGO HEALTH INCnote 0.875% 6/0	$0	–	-2,500,000	–	-0.10%	–
	Exit	PURE STORAGE INCnote 0.125% 4/1	$0	–	-2,900,000	–	-0.10%	–
	Exit	INTEGRA LIFESCIENCES HLDGS Cnote 0.500% 8/1	$0	–	-3,100,000	–	-0.10%	–
	Exit	SHOPIFY INCnote 0.125%11/0	$0	–	-2,900,000	–	-0.11%	–
	Exit	SOLAREDGE TECHNOLOGIES INCnote 9/1	$0	–	-3,100,000	–	-0.12%	–
	Exit	INSMED INCnote 0.750% 6/0	$0	–	-3,600,000	–	-0.12%	–
	Exit	PEBBLEBROOK HOTEL TRnote 1.750%12/1	$0	–	-3,500,000	–	-0.12%	–
CAAP	Exit	CORPORACION AMER ARPTS S A	$0	–	-717,437	–	-0.12%	–
LAC	Exit	LITHIUM AMERS CORP NEW	$0	–	-143,396	–	-0.12%	–
	Exit	MICROCHIP TECHNOLOGY INC.note 0.125%11/1	$0	–	-3,700,000	–	-0.13%	–
	Exit	SAREPTA THERAPEUTICS INCdbcv 1.500%11/1	$0	–	-2,900,000	–	-0.13%	–
	Exit	NRG ENERGY INCdbcv 2.750% 6/0	$0	–	-4,000,000	–	-0.14%	–
	Exit	CHEGG INCnote 9/0	$0	–	-4,800,000	–	-0.14%	–
	Exit	SOUTHWEST AIRLS COnote 1.250% 5/0	$0	–	-3,200,000	–	-0.15%	–
	Exit	NUVASIVE INCnote 1.000% 6/0	$0	–	-5,000,000	–	-0.16%	–
	Exit	ILLUMINA INCnote 8/1	$0	–	-4,500,000	–	-0.16%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-518,515	–	-0.16%	–
LTHM	Exit	LIVENT CORP	$0	–	-233,637	–	-0.16%	–
	Exit	OKTA INCnote 0.375% 6/1	$0	–	-4,500,000	–	-0.17%	–
	Exit	CYBERARK SOFTWARE LTDnote 11/1	$0	–	-4,900,000	–	-0.18%	–
	Exit	LUMENTUM HLDGS INCnote 0.500%12/1	$0	–	-5,300,000	–	-0.18%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-253,254	–	-0.19%	–
PSLV	Exit	SPROTT PHYSICAL SILVER TRtr unit	$0	–	-865,000	–	-0.20%	–
	Exit	ETSY INCnote 0.125% 9/0	$0	–	-5,400,000	–	-0.22%	–
	Exit	PINDUODUO INCnote 12/0	$0	–	-8,300,000	–	-0.24%	–
	Exit	LIBERTY MEDIA CORP DELnote 1.375%10/1	$0	–	-5,800,000	–	-0.24%	–
	Exit	COUPA SOFTWARE INCnote 0.375% 6/1	$0	–	-7,300,000	–	-0.24%	–
	Exit	NUTANIX INCnote 1/1	$0	–	-7,700,000	–	-0.25%	–
	Exit	WAYFAIR INCnote 0.625%10/0	$0	–	-8,300,000	–	-0.25%	–
LENB	Exit	LENNAR CORPcl b	$0	–	-113,726	–	-0.27%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-114,598	–	-0.29%	–
	Exit	FIREEYE INCnote 0.875% 6/0	$0	–	-8,900,000	–	-0.29%	–
	Exit	JAZZ INVESTMENTS I LTDnote 2.000% 6/1	$0	–	-8,300,000	–	-0.29%	–
	Exit	ZYNGA INCnote 0.250% 6/0	$0	–	-8,500,000	–	-0.30%	–
	Exit	EXACT SCIENCES CORPnote 0.375% 3/0	$0	–	-9,000,000	–	-0.30%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-163,417	–	-0.30%	–
	Exit	RINGCENTRAL INCnote 3/0	$0	–	-10,000,000	–	-0.30%	–
	Exit	FORTIVE CORPnote 0.875% 2/1	$0	–	-10,000,000	–	-0.31%	–
ABEV	Exit	AMBEV SAsponsored adr	$0	–	-4,222,575	–	-0.36%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-89,276	–	-0.38%	–
BRX	Exit	BRIXMOR PPTY GROUP INC	$0	–	-570,471	–	-0.38%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-149,047	–	-0.43%	–
PAYX	Exit	PAYCHEX INC	$0	–	-125,964	–	-0.43%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-388,035	–	-0.43%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-151,230	–	-0.44%	–
FRT	Exit	FEDERAL RLTY INVT TRsh ben int new	$0	–	-123,267	–	-0.44%	–
WU	Exit	WESTERN UN CO	$0	–	-723,115	–	-0.45%	–
PAAS	Exit	PAN AMERN SILVER CORP	$0	–	-643,099	–	-0.46%	–
MRK	Exit	MERCK & CO INC	$0	–	-206,955	–	-0.47%	–
	Exit	SPLUNK INCnote 0.500% 9/1	$0	–	-13,700,000	–	-0.49%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-47,404	–	-0.50%	–
SMG	Exit	SCOTTS MIRACLE-GRO COcl a	$0	–	-112,819	–	-0.50%	–
BILI	Exit	BILIBILI INCspons ads rep z	$0	–	-276,036	–	-0.56%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-256,627	–	-0.57%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-78,458	–	-0.57%	–
EXC	Exit	EXELON CORP	$0	–	-389,995	–	-0.58%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-425,163	–	-0.66%	–
	Exit	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$0	–	-20,500,000	–	-0.69%	–
HBI	Exit	HANESBRANDS INC	$0	–	-1,333,265	–	-0.70%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-1,032,635	–	-0.70%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-498,383	–	-0.74%	–
GFI	Exit	GOLD FIELDS LTDsponsored adr	$0	–	-3,034,068	–	-0.75%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-168,689	–	-0.79%	–
PEP	Exit	PEPSICO INC	$0	–	-172,724	–	-0.79%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-882,973	–	-0.79%	–
TPR	Exit	TAPESTRY INC	$0	–	-708,328	–	-0.80%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-59,639	–	-0.82%	–
EXP	Exit	EAGLE MATLS INC	$0	–	-286,230	–	-1.14%	–
	Exit	WESTERN DIGITAL CORP.note 1.500% 2/0	$0	–	-38,350,000	–	-1.18%	–
QCOM	Exit	QUALCOMM INC	$0	–	-300,184	–	-1.18%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-331,859	–	-1.21%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-451,988	–	-1.26%	–
HTHT	Exit	HUAZHU GROUP LTDsponsored ads	$0	–	-917,196	–	-1.28%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-834,147	–	-1.40%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-6,419,227	–	-1.40%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-1,339,501	–	-1.50%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-839,271	–	-1.50%	–
CSCO	Exit	CISCO SYS INC	$0	–	-935,010	–	-1.55%	–
SQM	Exit	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$0	–	-1,004,379	–	-1.65%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-101,131	–	-1.76%	–
IT	Exit	GARTNER INC	$0	–	-197,885	–	-1.83%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-673,849	–	-1.93%	–
PCAR	Exit	PACCAR INC	$0	–	-801,716	–	-1.93%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-287,098	–	-2.28%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-1,772,668	–	-2.30%	–
C	Exit	CITIGROUP INC	$0	–	-1,072,336	–	-2.30%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-4,537,656	–	-2.50%	–
CSX	Exit	CSX CORP	$0	–	-3,200,766	–	-2.90%	–
LAZ	Exit	LAZARD LTD	$0	–	-2,122,107	–	-2.96%	–
ANTM	Exit	ANTHEM INC	$0	–	-290,429	–	-3.30%	–
NEM	Exit	NEWMONT CORP	$0	–	-2,019,423	–	-3.34%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-984,855	–	-3.35%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-1,530,610	–	-3.40%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-7,268,529	–	-3.43%	–
KR	Exit	KROGER CO	$0	–	-2,880,191	–	-3.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-437,632	–	-3.76%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-176,964	–	-3.93%	–
HPQ	Exit	HP INC	$0	–	-4,718,444	–	-3.94%	–
AMZN	Exit	AMAZON COM INC	$0	–	-41,699	–	-4.18%	–

Q3 2021

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$136,983,000	-5.5%	41,699	-1.0%	4.18%	+0.9%
HPQ	Sell	HP INC	$129,097,000	-16.7%	4,718,444	-8.1%	3.94%	-11.1%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$128,752,000	+0.2%	176,964	-0.7%	3.93%	+6.9%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$109,958,000	-14.9%	984,855	-8.5%	3.35%	-9.3%
NEM	Sell	NEWMONT CORP	$109,656,000	-21.8%	2,019,423	-8.7%	3.34%	-16.6%
LAZ	Sell	LAZARD LTD	$97,192,000	+0.2%	2,122,107	-1.0%	2.96%	+7.0%
CSX	Buy	CSX CORP	$95,190,000	-0.3%	3,200,766	+7.6%	2.90%	+6.4%
GOLD	Sell	BARRICK GOLD CORP	$81,904,000	-18.0%	4,537,656	-6.1%	2.50%	-12.5%
C	Buy	CITIGROUP INC	$75,258,000	-0.3%	1,072,336	+0.6%	2.30%	+6.4%
BAC	Sell	BK OF AMERICA CORP	$75,249,000	+1.8%	1,772,668	-1.1%	2.30%	+8.6%
IT	Sell	GARTNER INC	$60,133,000	+3.4%	197,885	-17.6%	1.83%	+10.3%
SQM	Buy	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$53,955,000	+106.8%	1,004,379	+82.2%	1.65%	+120.6%
CSCO	Buy	CISCO SYS INC	$50,892,000	+6.2%	935,010	+3.4%	1.55%	+13.3%
IPG	Sell	INTERPUBLIC GROUP COS INC	$49,119,000	+10.6%	1,339,501	-2.0%	1.50%	+18.0%
CX	Sell	CEMEX SAB DE CVspon adr new	$46,026,000	-19.9%	6,419,227	-6.2%	1.40%	-14.6%
HTHT	Buy	HUAZHU GROUP LTDsponsored ads	$42,063,000	-8.1%	917,196	+5.8%	1.28%	-1.9%
	Buy	WESTERN DIGITAL CORP.note 1.500% 2/0	$38,701,000	-5.2%	38,350,000	+0.4%	1.18%	+1.2%
QCOM	Buy	QUALCOMM INC	$38,717,000	-6.6%	300,184	+3.5%	1.18%	-0.4%
TPR	Buy	TAPESTRY INC	$26,222,000	-11.9%	708,328	+3.4%	0.80%	-6.0%
LBTYK	Buy	LIBERTY GLOBAL PLC	$26,014,000	+62.2%	882,973	+48.8%	0.79%	+73.0%
PEP	Buy	PEPSICO INC	$25,979,000	+5.1%	172,724	+3.5%	0.79%	+12.0%
BIDU	Buy	BAIDU INCspon adr rep a	$25,937,000	-21.0%	168,689	+4.7%	0.79%	-15.8%
GFI	Sell	GOLD FIELDS LTDsponsored adr	$24,636,000	-23.8%	3,034,068	-16.5%	0.75%	-18.6%
INFY	Sell	INFOSYS LTDsponsored adr	$22,976,000	-25.5%	1,032,635	-29.0%	0.70%	-20.4%
HBI	Buy	HANESBRANDS INC	$22,879,000	+0.2%	1,333,265	+9.1%	0.70%	+7.1%
	Sell	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$22,513,000	-13.4%	20,500,000	-8.1%	0.69%	-7.5%
EXC	Buy	EXELON CORP	$18,852,000	+12.9%	389,995	+3.5%	0.58%	+20.5%
CVCO	Buy	CAVCO INDS INC DEL	$18,574,000	+20.1%	78,458	+12.7%	0.57%	+28.3%
OMC	Buy	OMNICOM GROUP INC	$18,596,000	-6.3%	256,627	+3.5%	0.57%	0.0%
BILI	Buy	BILIBILI INCspons ads rep z	$18,265,000	-27.7%	276,036	+33.1%	0.56%	-22.9%
LMT	Buy	LOCKHEED MARTIN CORP	$16,357,000	-5.5%	47,404	+3.6%	0.50%	+0.8%
MRK	Buy	MERCK & CO INC	$15,544,000	-0.0%	206,955	+3.5%	0.47%	+6.8%
PAAS	Buy	PAN AMERN SILVER CORP	$14,965,000	+14.7%	643,099	+40.8%	0.46%	+22.3%
WU	Buy	WESTERN UN CO	$14,621,000	-8.9%	723,115	+3.4%	0.45%	-2.8%
FRT	Buy	FEDERAL RLTY INVT TRsh ben int new	$14,544,000	+4.3%	123,267	+3.5%	0.44%	+11.3%
PM	Buy	PHILIP MORRIS INTL INC	$14,334,000	-1.0%	151,230	+3.5%	0.44%	+5.6%
HOG	Buy	HARLEY DAVIDSON INC	$14,207,000	-17.3%	388,035	+3.5%	0.43%	-11.8%
PAYX	Buy	PAYCHEX INC	$14,164,000	+8.5%	125,964	+3.6%	0.43%	+15.8%
EMR	Buy	EMERSON ELEC CO	$14,041,000	+1.4%	149,047	+3.6%	0.43%	+8.1%
BRX	Buy	BRIXMOR PPTY GROUP INC	$12,613,000	-0.1%	570,471	+3.4%	0.38%	+6.6%
PG	Buy	PROCTER AND GAMBLE CO	$12,481,000	+7.3%	89,276	+3.6%	0.38%	+14.8%
ABEV	Buy	AMBEV SAsponsored adr	$11,654,000	-17.0%	4,222,575	+3.4%	0.36%	-11.7%
CMS	Buy	CMS ENERGY CORP	$9,761,000	+4.7%	163,417	+3.5%	0.30%	+11.6%
	Buy	ZYNGA INCnote 0.250% 6/0	$9,708,000	+160.0%	8,500,000	+214.8%	0.30%	+176.6%
	Sell	EXACT SCIENCES CORPnote 0.375% 3/0	$9,694,000	-20.1%	9,000,000	-8.2%	0.30%	-14.7%
ES	Buy	EVERSOURCE ENERGY	$9,370,000	+5.6%	114,598	+3.6%	0.29%	+12.6%
	New	WAYFAIR INCnote 0.625%10/0	$8,322,000	–	8,300,000	–	0.25%	–
	Sell	NUTANIX INCnote 1/1	$8,112,000	-37.3%	7,700,000	-36.9%	0.25%	-33.2%
	Buy	COUPA SOFTWARE INCnote 0.375% 6/1	$7,945,000	+18.6%	7,300,000	+25.9%	0.24%	+26.7%
	Sell	PINDUODUO INCnote 12/0	$7,698,000	-45.4%	8,300,000	-39.0%	0.24%	-41.7%
	New	ETSY INCnote 0.125% 9/0	$7,134,000	–	5,400,000	–	0.22%	–
	Sell	LUMENTUM HLDGS INCnote 0.500%12/1	$5,859,000	-8.7%	5,300,000	-10.2%	0.18%	-2.2%
	Sell	CYBERARK SOFTWARE LTDnote 11/1	$5,830,000	-13.9%	4,900,000	-21.0%	0.18%	-8.2%
	Sell	OKTA INCnote 0.375% 6/1	$5,547,000	-25.9%	4,500,000	-25.0%	0.17%	-21.0%
LTHM	Sell	LIVENT CORP	$5,399,000	-19.5%	233,637	-32.6%	0.16%	-14.1%
	Buy	SOUTHWEST AIRLS COnote 1.250% 5/0	$4,804,000	+164.2%	3,200,000	+166.7%	0.15%	+182.7%
	New	CHEGG INCnote 9/0	$4,739,000	–	4,800,000	–	0.14%	–
	New	SAREPTA THERAPEUTICS INCdbcv 1.500%11/1	$4,300,000	–	2,900,000	–	0.13%	–
	New	MICROCHIP TECHNOLOGY INC.note 0.125%11/1	$4,219,000	–	3,700,000	–	0.13%	–
LAC	Buy	LITHIUM AMERS CORP NEW	$4,058,000	+70.8%	143,396	+11.2%	0.12%	+82.4%
	New	INSMED INCnote 0.750% 6/0	$3,944,000	–	3,600,000	–	0.12%	–
	New	SOLAREDGE TECHNOLOGIES INCnote 9/1	$3,844,000	–	3,100,000	–	0.12%	–
	Sell	SHOPIFY INCnote 0.125%11/0	$3,567,000	-24.1%	2,900,000	-19.4%	0.11%	-18.7%
	Sell	PURE STORAGE INCnote 0.125% 4/1	$3,368,000	-48.3%	2,900,000	-53.2%	0.10%	-44.6%
	Sell	PEGASYSTEMS INCnote 0.750% 3/0	$2,947,000	-25.6%	2,600,000	-21.2%	0.09%	-20.4%
	New	NICE LTDnote 9/1	$2,907,000	–	2,500,000	–	0.09%	–
	New	WIX COM LTDnote 8/1	$2,608,000	–	2,700,000	–	0.08%	–
	Buy	AMERICAN AIRLINES GROUP INCnote 6.500% 7/0	$2,309,000	+47.5%	1,500,000	+50.0%	0.07%	+55.6%
	New	HUAZHU GROUP LTDnote 0.375%11/0	$2,263,000	–	2,000,000	–	0.07%	–
	Sell	VIAVI SOLUTIONS INCnote 1.000% 3/0	$2,230,000	-31.8%	1,700,000	-26.1%	0.07%	-26.9%
	Sell	LIBERTY MEDIA CORP DELnote 1.000% 1/3	$1,989,000	-22.6%	1,400,000	-26.3%	0.06%	-16.4%
	Sell	TWITTER INCnote 0.250% 6/1	$1,896,000	-67.3%	1,500,000	-64.3%	0.06%	-65.1%
GTE	Buy	GRAN TIERRA ENERGY INC	$584,000	+53.7%	627,760	+52.1%	0.02%	+63.6%
	Sell	PALO ALTO NETWORKS INCnote 0.750% 7/0	$546,000	-89.6%	300,000	-91.7%	0.02%	-88.7%
	Buy	LIVE NATION ENTERTAINMENT INnote 2.000% 2/1	$346,000	+54.5%	300,000	+50.0%	0.01%	+83.3%
UUUU	Exit	ENERGY FUELS INC	$0	–	-20,000	–	-0.00%	–
JMIA	Exit	JUMIA TECHNOLOGIES AGsponsored ads	$0	–	-9,372	–	-0.01%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-1,845	–	-0.01%	–
SBSW	Exit	SIBANYE STILLWATER LTDsponsored adr	$0	–	-28,850	–	-0.01%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-3,836	–	-0.01%	–
OGN	Exit	ORGANON & CO	$0	–	-19,859	–	-0.02%	–
OKE	Exit	ONEOK INC NEW	$0	–	-11,280	–	-0.02%	–
HL	Exit	HECLA MNG CO	$0	–	-97,437	–	-0.02%	–
KC	Exit	KINGSOFT CLOUD HLDGS LTDads	$0	–	-25,758	–	-0.02%	–
KL	Exit	KIRKLAND LAKE GOLD LTD	$0	–	-22,950	–	-0.02%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-37,350	–	-0.03%	–
TRP	Exit	TC ENERGY CORP	$0	–	-19,350	–	-0.03%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-57,900	–	-0.03%	–
	Exit	INSULET CORPnote 0.375% 9/0	$0	–	-1,000,000	–	-0.04%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-31,500	–	-0.04%	–
AGI	Exit	ALAMOS GOLD INC NEW	$0	–	-193,721	–	-0.04%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-37,690	–	-0.06%	–
DIDI	Exit	DIDI GLOBAL INCsponsored ads	$0	–	-235,085	–	-0.10%	–
	Exit	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$0	–	-3,000,000	–	-0.10%	–
	Exit	EVERBRIDGE INCnote 0.125%12/1	$0	–	-2,800,000	–	-0.11%	–
AU	Exit	ANGLOGOLD ASHANTI LIMITEDsponsored adr	$0	–	-243,580	–	-0.13%	–
	Exit	IQIYI INCnote 4.000%12/1	$0	–	-5,650,000	–	-0.16%	–
TUYA	Exit	TUYA INCsponsered ads	$0	–	-232,423	–	-0.16%	–
	Exit	PALO ALTO NETWORKS INCnote 0.375% 6/0	$0	–	-7,300,000	–	-0.28%	–
	Exit	PRICELINE GRP INCnote 0.900% 9/1	$0	–	-11,200,000	–	-0.35%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-3,245,496	–	-1.14%	–

Q2 2021

			Value		Shares		↓ Weighting
HPQ	New	HP INC	$155,004,000	–	5,134,273	–	4.43%	–
AMZN	New	AMAZON COM INC	$144,886,000	–	42,116	–	4.14%	–
NEM	New	NEWMONT CORP	$140,253,000	–	2,212,855	–	4.01%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$129,286,000	–	1,075,943	–	3.70%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$128,536,000	–	178,162	–	3.67%	–
MSFT	New	MICROSOFT CORP	$118,556,000	–	437,632	–	3.39%	–
SCHW	New	SCHWAB CHARLES CORP	$111,444,000	–	1,530,610	–	3.19%	–
ANTM	New	ANTHEM INC	$110,885,000	–	290,429	–	3.17%	–
KR	New	KROGER CO	$110,340,000	–	2,880,191	–	3.15%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$103,722,000	–	7,268,529	–	2.96%	–
GOLD	New	BARRICK GOLD CORP	$99,922,000	–	4,831,774	–	2.86%	–
LAZ	New	LAZARD LTD	$96,969,000	–	2,142,958	–	2.77%	–
CSX	New	CSX CORP	$95,449,000	–	2,975,337	–	2.73%	–
PYPL	New	PAYPAL HLDGS INC	$83,683,000	–	287,098	–	2.39%	–
C	New	CITIGROUP INC	$75,450,000	–	1,066,442	–	2.16%	–
BAC	New	BK OF AMERICA CORP	$73,925,000	–	1,793,005	–	2.11%	–
PCAR	New	PACCAR INC	$71,552,000	–	801,716	–	2.04%	–
LEN	New	LENNAR CORPcl a	$66,947,000	–	673,849	–	1.91%	–
LRCX	New	LAM RESEARCH CORP	$65,805,000	–	101,131	–	1.88%	–
IT	New	GARTNER INC	$58,131,000	–	240,014	–	1.66%	–
CX	New	CEMEX SAB DE CVspon adr new	$57,495,000	–	6,844,601	–	1.64%	–
ALK	New	ALASKA AIR GROUP INC	$50,617,000	–	839,271	–	1.45%	–
CSCO	New	CISCO SYS INC	$47,914,000	–	904,014	–	1.37%	–
HTHT	New	HUAZHU GROUP LTDsponsored ads	$45,764,000	–	866,580	–	1.31%	–
IPG	New	INTERPUBLIC GROUP COS INC	$44,414,000	–	1,367,039	–	1.27%	–
EXPD	New	EXPEDITORS INTL WASH INC	$42,012,000	–	331,859	–	1.20%	–
QCOM	New	QUALCOMM INC	$41,472,000	–	290,153	–	1.19%	–
	New	WESTERN DIGITAL CORP.note 1.500% 2/0	$40,817,000	–	38,200,000	–	1.17%	–
EXP	New	EAGLE MATLS INC	$40,677,000	–	286,230	–	1.16%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$39,692,000	–	3,245,496	–	1.14%	–
AIG	New	AMERICAN INTL GROUP INC	$39,705,000	–	834,147	–	1.14%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$39,590,000	–	451,988	–	1.13%	–
PINS	New	PINTEREST INCcl a	$33,566,000	–	425,163	–	0.96%	–
BIDU	New	BAIDU INCspon adr rep a	$32,851,000	–	161,112	–	0.94%	–
GFI	New	GOLD FIELDS LTDsponsored adr	$32,322,000	–	3,631,742	–	0.92%	–
INFY	New	INFOSYS LTDsponsored adr	$30,828,000	–	1,454,821	–	0.88%	–
TPR	New	TAPESTRY INC	$29,776,000	–	684,827	–	0.85%	–
SQM	New	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$26,091,000	–	551,252	–	0.75%	–
	New	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$25,983,000	–	22,300,000	–	0.74%	–
BILI	New	BILIBILI INCspons ads rep z	$25,269,000	–	207,400	–	0.72%	–
PEP	New	PEPSICO INC	$24,724,000	–	166,866	–	0.71%	–
SYF	New	SYNCHRONY FINANCIAL	$24,181,000	–	498,383	–	0.69%	–
COST	New	COSTCO WHSL CORP NEW	$23,597,000	–	59,639	–	0.68%	–
HBI	New	HANESBRANDS INC	$22,824,000	–	1,222,433	–	0.65%	–
SMG	New	SCOTTS MIRACLE-GRO COcl a	$21,652,000	–	112,819	–	0.62%	–
OMC	New	OMNICOM GROUP INC	$19,839,000	–	248,022	–	0.57%	–
LMT	New	LOCKHEED MARTIN CORP	$17,314,000	–	45,764	–	0.50%	–
HOG	New	HARLEY DAVIDSON INC	$17,183,000	–	375,028	–	0.49%	–
EXC	New	EXELON CORP	$16,701,000	–	376,930	–	0.48%	–
WU	New	WESTERN UN CO	$16,058,000	–	699,040	–	0.46%	–
LBTYK	New	LIBERTY GLOBAL PLC	$16,040,000	–	593,198	–	0.46%	–
	New	SPLUNK INCnote 0.500% 9/1	$15,957,000	–	13,700,000	–	0.46%	–
MRK	New	MERCK & CO INC	$15,549,000	–	199,938	–	0.44%	–
CVCO	New	CAVCO INDS INC DEL	$15,466,000	–	69,603	–	0.44%	–
PM	New	PHILIP MORRIS INTL INC	$14,475,000	–	146,058	–	0.41%	–
	New	PINDUODUO INCnote 12/0	$14,089,000	–	13,600,000	–	0.40%	–
ABEV	New	AMBEV SAsponsored adr	$14,046,000	–	4,082,930	–	0.40%	–
FRT	New	FEDERAL RLTY INVT TRsh ben int new	$13,951,000	–	119,070	–	0.40%	–
EMR	New	EMERSON ELEC CO	$13,852,000	–	143,924	–	0.40%	–
PAYX	New	PAYCHEX INC	$13,051,000	–	121,628	–	0.37%	–
PAAS	New	PAN AMERN SILVER CORP	$13,045,000	–	456,602	–	0.37%	–
	New	NUTANIX INCnote 1/1	$12,929,000	–	12,200,000	–	0.37%	–
BRX	New	BRIXMOR PPTY GROUP INC	$12,624,000	–	551,514	–	0.36%	–
	New	PRICELINE GRP INCnote 0.900% 9/1	$12,213,000	–	11,200,000	–	0.35%	–
	New	EXACT SCIENCES CORPnote 0.375% 3/0	$12,132,000	–	9,800,000	–	0.35%	–
PG	New	PROCTER AND GAMBLE CO	$11,627,000	–	86,166	–	0.33%	–
	New	JAZZ INVESTMENTS I LTDnote 2.000% 6/1	$11,109,000	–	8,300,000	–	0.32%	–
	New	RINGCENTRAL INCnote 3/0	$11,081,000	–	10,000,000	–	0.32%	–
	New	FIREEYE INCnote 0.875% 6/0	$10,100,000	–	8,900,000	–	0.29%	–
	New	FORTIVE CORPnote 0.875% 2/1	$10,032,000	–	10,000,000	–	0.29%	–
	New	PALO ALTO NETWORKS INCnote 0.375% 6/0	$9,963,000	–	7,300,000	–	0.28%	–
CMS	New	CMS ENERGY CORP	$9,324,000	–	157,817	–	0.27%	–
LENB	New	LENNAR CORPcl b	$9,264,000	–	113,726	–	0.26%	–
ES	New	EVERSOURCE ENERGY	$8,877,000	–	110,624	–	0.25%	–
PSLV	New	SPROTT PHYSICAL SILVER TRtr unit	$8,027,000	–	865,000	–	0.23%	–
	New	LIBERTY MEDIA CORP DELnote 1.375%10/1	$7,692,000	–	5,800,000	–	0.22%	–
	New	OKTA INCnote 0.375% 6/1	$7,482,000	–	6,000,000	–	0.21%	–
QRTEA	New	QURATE RETAIL INC	$6,788,000	–	518,515	–	0.19%	–
	New	CYBERARK SOFTWARE LTDnote 11/1	$6,774,000	–	6,200,000	–	0.19%	–
LTHM	New	LIVENT CORP	$6,710,000	–	346,592	–	0.19%	–
	New	COUPA SOFTWARE INCnote 0.375% 6/1	$6,698,000	–	5,800,000	–	0.19%	–
	New	PURE STORAGE INCnote 0.125% 4/1	$6,519,000	–	6,200,000	–	0.19%	–
	New	LUMENTUM HLDGS INCnote 0.500%12/1	$6,414,000	–	5,900,000	–	0.18%	–
	New	TWITTER INCnote 0.250% 6/1	$5,792,000	–	4,200,000	–	0.17%	–
BKR	New	BAKER HUGHES COMPANYcl a	$5,792,000	–	253,254	–	0.17%	–
	New	ILLUMINA INCnote 8/1	$5,733,000	–	4,500,000	–	0.16%	–
TUYA	New	TUYA INCsponsered ads	$5,694,000	–	232,423	–	0.16%	–
	New	IQIYI INCnote 4.000%12/1	$5,709,000	–	5,650,000	–	0.16%	–
	New	NUVASIVE INCnote 1.000% 6/0	$5,250,000	–	5,000,000	–	0.15%	–
	New	PALO ALTO NETWORKS INCnote 0.750% 7/0	$5,249,000	–	3,600,000	–	0.15%	–
	New	SHOPIFY INCnote 0.125%11/0	$4,699,000	–	3,600,000	–	0.13%	–
	New	NRG ENERGY INCdbcv 2.750% 6/0	$4,652,000	–	4,000,000	–	0.13%	–
AU	New	ANGLOGOLD ASHANTI LIMITEDsponsored adr	$4,525,000	–	243,580	–	0.13%	–
CAAP	New	CORPORACION AMER ARPTS S A	$4,104,000	–	717,437	–	0.12%	–
	New	PEBBLEBROOK HOTEL TRnote 1.750%12/1	$3,980,000	–	3,500,000	–	0.11%	–
	New	LIVONGO HEALTH INCnote 0.875% 6/0	$3,991,000	–	2,500,000	–	0.11%	–
	New	PEGASYSTEMS INCnote 0.750% 3/0	$3,961,000	–	3,300,000	–	0.11%	–
	New	EVERBRIDGE INCnote 0.125%12/1	$3,843,000	–	2,800,000	–	0.11%	–
	New	ZYNGA INCnote 0.250% 6/0	$3,734,000	–	2,700,000	–	0.11%	–
	New	LENDINGTREE INC NEWnote 0.625% 6/0	$3,578,000	–	3,000,000	–	0.10%	–
	New	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$3,516,000	–	3,000,000	–	0.10%	–
	New	INTEGRA LIFESCIENCES HLDGS Cnote 0.500% 8/1	$3,413,000	–	3,100,000	–	0.10%	–
DIDI	New	DIDI GLOBAL INCsponsored ads	$3,324,000	–	235,085	–	0.10%	–
	New	VIAVI SOLUTIONS INCnote 1.000% 3/0	$3,269,000	–	2,300,000	–	0.09%	–
	New	LIBERTY MEDIA CORP DELnote 1.000% 1/3	$2,569,000	–	1,900,000	–	0.07%	–
	New	JOYY INCnote 0.750% 6/1	$2,522,000	–	2,500,000	–	0.07%	–
LAC	New	LITHIUM AMERS CORP NEW	$2,376,000	–	128,979	–	0.07%	–
AEM	New	AGNICO EAGLE MINES LTD	$2,278,000	–	37,690	–	0.06%	–
	New	SOUTHWEST AIRLS COnote 1.250% 5/0	$1,818,000	–	1,200,000	–	0.05%	–
	New	AMERICAN AIRLS GROUP INCnote 6.500% 7/0	$1,565,000	–	1,000,000	–	0.04%	–
AGI	New	ALAMOS GOLD INC NEW	$1,482,000	–	193,721	–	0.04%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$1,388,000	–	31,500	–	0.04%	–
	New	INSULET CORPnote 0.375% 9/0	$1,367,000	–	1,000,000	–	0.04%	–
KMI	New	KINDER MORGAN INC DEL	$1,056,000	–	57,900	–	0.03%	–
TRP	New	TC ENERGY CORP	$968,000	–	19,350	–	0.03%	–
WMB	New	WILLIAMS COS INC	$992,000	–	37,350	–	0.03%	–
KC	New	KINGSOFT CLOUD HLDGS LTDads	$874,000	–	25,758	–	0.02%	–
KL	New	KIRKLAND LAKE GOLD LTD	$887,000	–	22,950	–	0.02%	–
HL	New	HECLA MNG CO	$725,000	–	97,437	–	0.02%	–
	New	EURONET WORLDWIDE INCnote 0.750% 3/1	$691,000	–	600,000	–	0.02%	–
OKE	New	ONEOK INC NEW	$628,000	–	11,280	–	0.02%	–
OGN	New	ORGANON & CO	$601,000	–	19,859	–	0.02%	–
	New	STARWOOD PPTY TR INCnote 4.375% 4/0	$528,000	–	500,000	–	0.02%	–
PDD	New	PINDUODUO INCsponsored ads	$487,000	–	3,836	–	0.01%	–
SBSW	New	SIBANYE STILLWATER LTDsponsored adr	$483,000	–	28,850	–	0.01%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$418,000	–	1,845	–	0.01%	–
GTE	New	GRAN TIERRA ENERGY INC	$380,000	–	412,800	–	0.01%	–
	New	BLACKROCK CAP INVT CORPnote 5.000% 6/1	$304,000	–	300,000	–	0.01%	–
JMIA	New	JUMIA TECHNOLOGIES AGsponsored ads	$284,000	–	9,372	–	0.01%	–
	New	CHEESECAKE FACTORY INCnote 0.375% 6/1	$294,000	–	300,000	–	0.01%	–
	New	HANNON ARMSTRONG SUST INFR Cnote 8/1	$248,000	–	200,000	–	0.01%	–
	New	LIVE NATION ENTERTAINMENT INnote 2.000% 2/1	$224,000	–	200,000	–	0.01%	–
	New	WEIBO CORPnote 1.250%11/1	$195,000	–	200,000	–	0.01%	–
UUUU	New	ENERGY FUELS INC	$121,000	–	20,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
AR	Exit	ANTERO RESOURCES CORP	$0	–	-11,609	–	-0.00%	–
GTE	Exit	GRAN TIERRA ENERGY INC	$0	–	-271,639	–	-0.00%	–
OPRA	Exit	OPERA LTDsponsored ads	$0	–	-11,757	–	-0.01%	–
LAC	Exit	LITHIUM AMERS CORP NEW	$0	–	-10,875	–	-0.01%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-14,360	–	-0.01%	–
	Exit	HANNON ARMSTRONG SUST INFR Cnote 8/1	$0	–	-200,000	–	-0.01%	–
XPEV	Exit	XPENG INCads	$0	–	-11,648	–	-0.01%	–
	Exit	BLACKROCK CAP INVT CORPnote 5.000% 6/1	$0	–	-300,000	–	-0.01%	–
AGI	Exit	ALAMOS GOLD INC NEW	$0	–	-53,500	–	-0.01%	–
	Exit	BAOZUN INCnote 1.625% 5/0	$0	–	-400,000	–	-0.02%	–
	Exit	HERCULES CAPITAL INCdbcv 4.375% 2/0	$0	–	-400,000	–	-0.02%	–
	Exit	MOMO INCnote 1.250% 7/0	$0	–	-600,000	–	-0.02%	–
	Exit	STARWOOD PPTY TR INCnote 4.375% 4/0	$0	–	-500,000	–	-0.02%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-9,768	–	-0.02%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,430	–	-0.02%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-8,675	–	-0.02%	–
BHP	Exit	BHP GROUP LTDsponsored ads	$0	–	-10,570	–	-0.02%	–
NG	Exit	NOVAGOLD RES INC	$0	–	-67,450	–	-0.02%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-8,093	–	-0.02%	–
	Exit	EURONET WORLDWIDE INCnote 0.750% 3/1	$0	–	-600,000	–	-0.02%	–
SUPV	Exit	GRUPO SUPERVIELLE S.A.sponsored adr	$0	–	-327,625	–	-0.02%	–
DOV	Exit	DOVER CORP	$0	–	-6,182	–	-0.03%	–
	Exit	WEIBO CORPnote 1.250%11/1	$0	–	-700,000	–	-0.03%	–
KL	Exit	KIRKLAND LAKE GOLD LTD	$0	–	-16,415	–	-0.03%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-6,214	–	-0.04%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-16,690	–	-0.04%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-13,708	–	-0.04%	–
MCK	Exit	MCKESSON CORP	$0	–	-9,231	–	-0.06%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-15,214	–	-0.06%	–
CAAP	Exit	CORPORACION AMER ARPTS S A	$0	–	-766,742	–	-0.07%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-284,494	–	-0.08%	–
	Exit	IQIYI INCnote 2.000% 4/0	$0	–	-2,500,000	–	-0.10%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-200,424	–	-0.11%	–
SQM	Exit	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$0	–	-95,687	–	-0.12%	–
	Exit	LIBERTY MEDIA CORP DELnote 1.000% 1/3	$0	–	-2,700,000	–	-0.13%	–
LTHM	Exit	LIVENT CORP	$0	–	-356,712	–	-0.13%	–
	Exit	ILLUMINA INCnote 0.500% 6/1	$0	–	-3,000,000	–	-0.16%	–
	Exit	NUANCE COMMUNICATIONS INCdbcv 1.000%12/1	$0	–	-2,700,000	–	-0.16%	–
	Exit	CREE INCnote 0.875% 9/0	$0	–	-3,300,000	–	-0.16%	–
	Exit	YY INCnote 0.750% 6/1	$0	–	-3,900,000	–	-0.17%	–
	Exit	EXACT SCIENCES CORPnote 1.000% 1/1	$0	–	-2,750,000	–	-0.17%	–
	Exit	ARES CAPITAL CORPnote 4.625% 3/0	$0	–	-4,500,000	–	-0.18%	–
	Exit	SPLUNK INCnote 0.500% 9/1	$0	–	-3,300,000	–	-0.18%	–
	Exit	SYNAPTICS INCnote 0.500% 6/1	$0	–	-3,800,000	–	-0.19%	–
	Exit	ISIS PHARMACEUTICALS INC DELnote 1.000%11/1	$0	–	-5,200,000	–	-0.22%	–
	Exit	VIAVI SOLUTIONS INCnote 1.000% 3/0	$0	–	-5,000,000	–	-0.23%	–
	Exit	LIBERTY MEDIA CORP DELnote 1.375%10/1	$0	–	-5,800,000	–	-0.25%	–
HBI	Exit	HANESBRANDS INC	$0	–	-429,870	–	-0.27%	–
	Exit	FORTIVE CORPnote 0.875% 2/1	$0	–	-7,000,000	–	-0.28%	–
	Exit	PURE STORAGE INCnote 0.125% 4/1	$0	–	-7,300,000	–	-0.28%	–
	Exit	NUVASIVE INCnote 2.250% 3/1	$0	–	-7,300,000	–	-0.30%	–
	Exit	EXACT SCIENCES CORPnote 0.375% 3/0	$0	–	-6,950,000	–	-0.30%	–
	Exit	ZYNGA INCnote 0.250% 6/0	$0	–	-6,000,000	–	-0.30%	–
RF	Exit	REGIONS FINANCIAL CORP NEW	$0	–	-706,360	–	-0.33%	–
	Exit	FIREEYE INCnote 0.875% 6/0	$0	–	-9,400,000	–	-0.35%	–
LENB	Exit	LENNAR CORPcl b	$0	–	-146,235	–	-0.39%	–
	Exit	ON SEMICONDUCTOR CORPnote 1.625%10/1	$0	–	-7,700,000	–	-0.41%	–
	Exit	PROOFPOINT INCnote 0.250% 8/1	$0	–	-10,400,000	–	-0.42%	–
GFI	Exit	GOLD FIELDS LTDsponsored adr	$0	–	-859,927	–	-0.42%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-547,059	–	-0.45%	–
EDU	Exit	NEW ORIENTAL ED & TECHNOLOGYspon adr	$0	–	-79,311	–	-0.48%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-11,406	–	-0.50%	–
YY	Exit	JOYY INC	$0	–	-178,737	–	-0.58%	–
	Exit	PRICELINE GRP INCnote 0.900% 9/1	$0	–	-14,600,000	–	-0.63%	–
	Exit	PALO ALTO NETWORKS INCnote 0.750% 7/0	$0	–	-14,700,000	–	-0.67%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-94,247	–	-0.68%	–
AU	Exit	ANGLOGOLD ASHANTI LIMITEDsponsored adr	$0	–	-689,789	–	-0.73%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-247,750	–	-0.74%	–
C	Exit	CITIGROUP INC	$0	–	-467,311	–	-0.81%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-59,754	–	-0.85%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-3,006,593	–	-0.86%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-1,367,477	–	-0.92%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-837,251	–	-0.93%	–
HTHT	Exit	HUAZHU GROUP LTDsponsored ads	$0	–	-535,379	–	-0.93%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-889,388	–	-0.94%	–
	Exit	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$0	–	-20,660,000	–	-0.96%	–
	Exit	WESTERN DIGITAL CORP.note 1.500% 2/0	$0	–	-29,300,000	–	-1.12%	–
	Exit	TWITTER INCnote 0.250% 6/1	$0	–	-25,700,000	–	-1.15%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-315,815	–	-1.15%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-373,336	–	-1.16%	–
IT	Exit	GARTNER INC	$0	–	-240,782	–	-1.21%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-1,402,971	–	-1.36%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-102,524	–	-1.37%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-2,811,118	–	-1.39%	–
EXP	Exit	EAGLE MATLS INC	$0	–	-414,978	–	-1.44%	–
	Exit	SOUTHWEST AIRLS COnote 1.250% 5/0	$0	–	-28,200,000	–	-1.48%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-178,138	–	-1.50%	–
NIO	Exit	NIO INCspon ads	$0	–	-1,830,256	–	-1.56%	–
ANTM	Exit	ANTHEM INC	$0	–	-150,406	–	-1.62%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-271,952	–	-1.67%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-241,579	–	-1.76%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-291,592	–	-2.31%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-1,090,702	–	-2.36%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-200,229	–	-2.36%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-1,585,108	–	-2.49%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-8,143,025	–	-3.00%	–
PCAR	Exit	PACCAR INC	$0	–	-893,498	–	-3.06%	–
CSX	Exit	CSX CORP	$0	–	-1,006,144	–	-3.14%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-1,016,256	–	-3.33%	–
HPQ	Exit	HP INC	$0	–	-4,768,175	–	-3.64%	–
LAZ	Exit	LAZARD LTD	$0	–	-2,927,024	–	-3.89%	–
KR	Exit	KROGER CO	$0	–	-3,195,824	–	-4.35%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-180,460	–	-4.53%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-1,421,810	–	-4.63%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-4,278,667	–	-4.83%	–
NEM	Exit	NEWMONT CORP	$0	–	-1,929,143	–	-4.91%	–
AMZN	Exit	AMAZON COM INC	$0	–	-48,167	–	-6.09%	–

Q3 2020

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$151,665,000	+4.4%	48,167	-8.5%	6.09%	-7.5%
NEM	Sell	NEWMONT CORP	$122,311,000	+0.7%	1,929,143	-1.9%	4.91%	-10.8%
GOLD	Sell	BARRICK GOLD CORP	$120,274,000	+2.8%	4,278,667	-1.5%	4.83%	-8.9%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$115,266,000	+50.0%	1,421,810	+5.1%	4.63%	+32.9%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$112,668,000	+30.4%	180,460	+6.5%	4.53%	+15.5%
KR	Buy	KROGER CO	$108,371,000	+7.2%	3,195,824	+7.0%	4.35%	-5.0%
LAZ	Buy	LAZARD LTD	$96,738,000	+30.9%	2,927,024	+13.4%	3.89%	+16.0%
HPQ	Buy	HP INC	$90,548,000	+10.7%	4,768,175	+1.6%	3.64%	-2.0%
LEN	Buy	LENNAR CORPcl a	$83,008,000	+38.3%	1,016,256	+4.3%	3.33%	+22.5%
CSX	Buy	CSX CORP	$78,147,000	+17.4%	1,006,144	+5.4%	3.14%	+4.0%
PCAR	Buy	PACCAR INC	$76,197,000	+21.2%	893,498	+6.4%	3.06%	+7.4%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$74,672,000	+21.6%	8,143,025	+19.8%	3.00%	+7.8%
AMTD	Buy	TD AMERITRADE HLDG CORP	$62,057,000	+20.5%	1,585,108	+12.0%	2.49%	+6.8%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$58,863,000	+44.3%	200,229	+5.9%	2.36%	+27.9%
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$58,768,000	+42.5%	1,090,702	+17.2%	2.36%	+26.3%
PYPL	Buy	PAYPAL HLDGS INC	$57,453,000	+18.4%	291,592	+4.7%	2.31%	+4.9%
KSU	Buy	KANSAS CITY SOUTHERN	$43,685,000	+24.9%	241,579	+3.1%	1.76%	+10.7%
SMG	Sell	SCOTTS MIRACLE GRO COcl a	$41,584,000	-4.8%	271,952	-16.3%	1.67%	-15.7%
ANTM	Buy	ANTHEM INC	$40,397,000	+89.8%	150,406	+85.8%	1.62%	+68.2%
NIO	New	NIO INCspon ads	$38,838,000	–	1,830,256	–	1.56%	–
MSFT	Buy	MICROSOFT CORP	$37,467,000	+28.3%	178,138	+24.1%	1.50%	+13.7%
	Buy	SOUTHWEST AIRLS COnote 1.250% 5/0	$36,805,000	+63.3%	28,200,000	+50.8%	1.48%	+44.6%
EXP	Sell	EAGLE MATLS INC	$35,820,000	+2.3%	414,978	-16.7%	1.44%	-9.3%
AAL	Buy	AMERICAN AIRLS GROUP INC	$34,550,000	-0.9%	2,811,118	+5.4%	1.39%	-12.2%
LRCX	Buy	LAM RESEARCH CORP	$34,012,000	+8.6%	102,524	+5.9%	1.37%	-3.8%
BAC	Buy	BK OF AMERICA CORP	$33,798,000	+8.1%	1,402,971	+6.6%	1.36%	-4.2%
IT	Buy	GARTNER INC	$30,085,000	+7.9%	240,782	+4.7%	1.21%	-4.4%
JD	Buy	JD.COM INCspon adr cl a	$28,974,000	+38.5%	373,336	+7.4%	1.16%	+22.8%
EXPD	Buy	EXPEDITORS INTL WASH INC	$28,589,000	+25.9%	315,815	+5.7%	1.15%	+11.5%
	Buy	TWITTER INCnote 0.250% 6/1	$28,532,000	+43.9%	25,700,000	+22.4%	1.15%	+27.5%
	New	AKAMAI TECHNOLOGIES INCnote 0.375% 9/0	$23,980,000	–	20,660,000	–	0.96%	–
SYF	Buy	SYNCHRONY FINANCIAL	$23,276,000	+23.8%	889,388	+4.9%	0.94%	+9.7%
HTHT	Buy	HUAZHU GROUP LTDsponsored ads	$23,150,000	+359.5%	535,379	+272.4%	0.93%	+307.9%
AIG	Buy	AMERICAN INTL GROUP INC	$23,050,000	-8.3%	837,251	+3.9%	0.93%	-18.7%
IPG	Buy	INTERPUBLIC GROUP COS INC	$22,796,000	+1.2%	1,367,477	+4.2%	0.92%	-10.3%
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$21,407,000	-33.9%	3,006,593	-23.3%	0.86%	-41.5%
COST	Buy	COSTCO WHSL CORP NEW	$21,214,000	+21.9%	59,754	+4.1%	0.85%	+8.0%
C	Buy	CITIGROUP INC	$20,145,000	-11.9%	467,311	+4.4%	0.81%	-22.0%
PDD	New	PINDUODUO INCsponsored ads	$18,371,000	–	247,750	–	0.74%	–
AU	Sell	ANGLOGOLD ASHANTI LIMITEDsponsored adr	$18,197,000	-43.1%	689,789	-36.3%	0.73%	-49.6%
CVCO	Buy	CAVCO INDS INC DEL	$16,994,000	-4.9%	94,247	+1.7%	0.68%	-15.7%
	Buy	PALO ALTO NETWORKS INCnote 0.750% 7/0	$16,619,000	+7.4%	14,700,000	+2.1%	0.67%	-4.7%
	Buy	PRICELINE GRP INCnote 0.900% 9/1	$15,587,000	+406.7%	14,600,000	+403.4%	0.63%	+350.4%
YY	Sell	JOYY INC	$14,419,000	-39.1%	178,737	-33.2%	0.58%	-46.1%
MELI	Sell	MERCADOLIBRE INC	$12,347,000	-59.8%	11,406	-63.4%	0.50%	-64.3%
EDU	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$11,857,000	–	79,311	–	0.48%	–
LBTYK	Buy	LIBERTY GLOBAL PLC	$11,234,000	-0.4%	547,059	+4.3%	0.45%	-11.7%
GFI	New	GOLD FIELDS LTDsponsored adr	$10,569,000	–	859,927	–	0.42%	–
	New	PROOFPOINT INCnote 0.250% 8/1	$10,387,000	–	10,400,000	–	0.42%	–
	Buy	ON SEMICONDUCTOR CORPnote 1.625%10/1	$10,195,000	+21.7%	7,700,000	+11.6%	0.41%	+7.9%
LENB	Buy	LENNAR CORPcl b	$9,602,000	+54.3%	146,235	+8.3%	0.39%	+36.9%
	Buy	FIREEYE INCnote 0.875% 6/0	$8,777,000	+21.3%	9,400,000	+17.5%	0.35%	+7.6%
RF	Buy	REGIONS FINANCIAL CORP NEW	$8,144,000	+9.1%	706,360	+5.3%	0.33%	-3.3%
	Buy	ZYNGA INCnote 0.250% 6/0	$7,603,000	+3.7%	6,000,000	+5.3%	0.30%	-8.1%
	Buy	EXACT SCIENCES CORPnote 0.375% 3/0	$7,558,000	+17.5%	6,950,000	+3.7%	0.30%	+4.1%
	Buy	NUVASIVE INCnote 2.250% 3/1	$7,524,000	+40.2%	7,300,000	+49.0%	0.30%	+24.3%
	Buy	FORTIVE CORPnote 0.875% 2/1	$7,037,000	+59.7%	7,000,000	+55.6%	0.28%	+41.5%
	Buy	PURE STORAGE INCnote 0.125% 4/1	$7,039,000	+0.5%	7,300,000	+2.8%	0.28%	-11.0%
HBI	Buy	HANESBRANDS INC	$6,769,000	+45.7%	429,870	+4.4%	0.27%	+28.9%
	Buy	LIBERTY MEDIA CORP DELnote 1.375%10/1	$6,148,000	+3.4%	5,800,000	+4.5%	0.25%	-8.5%
	Buy	VIAVI SOLUTIONS INCnote 1.000% 3/0	$5,667,000	+25.7%	5,000,000	+28.2%	0.23%	+11.8%
	Buy	ISIS PHARMACEUTICALS INC DELnote 1.000%11/1	$5,373,000	-2.3%	5,200,000	+4.0%	0.22%	-13.3%
	Sell	SYNAPTICS INCnote 0.500% 6/1	$4,708,000	-23.9%	3,800,000	-34.5%	0.19%	-32.5%
	Sell	SPLUNK INCnote 0.500% 9/1	$4,596,000	-60.1%	3,300,000	-58.8%	0.18%	-64.6%
	Buy	EXACT SCIENCES CORPnote 1.000% 1/1	$4,275,000	+20.7%	2,750,000	+5.8%	0.17%	+6.8%
	Sell	CREE INCnote 0.875% 9/0	$4,092,000	-22.9%	3,300,000	-26.7%	0.16%	-31.7%
	Sell	NUANCE COMMUNICATIONS INCdbcv 1.000%12/1	$3,931,000	-50.4%	2,700,000	-59.7%	0.16%	-56.0%
	Buy	ILLUMINA INCnote 0.500% 6/1	$3,852,000	+8.1%	3,000,000	+25.0%	0.16%	-4.3%
	Buy	LIBERTY MEDIA CORP DELnote 1.000% 1/3	$3,214,000	+33.6%	2,700,000	+22.7%	0.13%	+18.3%
LTHM	Buy	LIVENT CORP	$3,200,000	+168.7%	356,712	+84.5%	0.13%	+138.9%
SQM	New	SOCIEDAD QUIMICA Y MINERA DEspon adr ser b	$3,102,000	–	95,687	–	0.12%	–
BKR	Sell	BAKER HUGHES COMPANYcl a	$2,663,000	-14.6%	200,424	-1.1%	0.11%	-24.1%
	Sell	IQIYI INCnote 2.000% 4/0	$2,382,000	-40.2%	2,500,000	-37.5%	0.10%	-47.0%
QRTEA	Sell	QURATE RETAIL INC	$2,043,000	-27.1%	284,494	-3.6%	0.08%	-35.4%
ABC	Sell	AMERISOURCEBERGEN CORP	$1,475,000	-37.8%	15,214	-35.3%	0.06%	-44.9%
MCK	Sell	MCKESSON CORP	$1,374,000	-36.6%	9,231	-34.7%	0.06%	-43.9%
AEM	Buy	AGNICO EAGLE MINES LTD	$1,028,000	-15.6%	16,690	+29.0%	0.04%	-25.5%
JNJ	Sell	JOHNSON & JOHNSON	$925,000	-39.6%	6,214	-42.9%	0.04%	-46.4%
KL	Buy	KIRKLAND LAKE GOLD LTD	$724,000	+109.2%	16,415	+95.4%	0.03%	+81.2%
DOV	Sell	DOVER CORP	$670,000	+9.1%	6,182	-2.7%	0.03%	-3.6%
NG	Buy	NOVAGOLD RES INC	$604,000	+251.2%	67,450	+259.2%	0.02%	+200.0%
MAN	New	MANPOWERGROUP INC	$593,000	–	8,093	–	0.02%	–
SUPV	Sell	GRUPO SUPERVIELLE S.A.sponsored adr	$593,000	-35.3%	327,625	-21.3%	0.02%	-42.9%
COP	New	CONOCOPHILLIPS	$564,000	–	8,675	–	0.02%	–
BHP	New	BHP GROUP LTDsponsored ads	$578,000	–	10,570	–	0.02%	–
CVX	New	CHEVRON CORP NEW	$534,000	–	4,430	–	0.02%	–
OMC	Buy	OMNICOM GROUP INC	$483,000	+11.8%	9,768	+23.5%	0.02%	-5.0%
AGI	Sell	ALAMOS GOLD INC NEW	$322,000	-40.5%	53,500	-7.2%	0.01%	-48.0%
XPEV	New	XPENG INCads	$234,000	–	11,648	–	0.01%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$188,000	–	14,360	–	0.01%	–
	New	HANNON ARMSTRONG SUST INFR Cnote 8/1	$210,000	–	200,000	–	0.01%	–
LAC	New	LITHIUM AMERS CORP NEW	$165,000	–	10,875	–	0.01%	–
OPRA	Sell	OPERA LTDsponsored ads	$115,000	-35.0%	11,757	-40.2%	0.01%	-37.5%
AR	Sell	ANTERO RESOURCES CORP	$32,000	-11.1%	11,609	-18.3%	0.00%	-50.0%
TSLA	Exit	TESLA INCput	$0	–	-14	–	0.00%	–
NFLX	Exit	NETFLIX INCput	$0	–	-60	–	-0.00%	–
AAPL	Exit	APPLE INCput	$0	–	-70	–	-0.00%	–
SSRM	Exit	SSR MNG INC	$0	–	-8,100	–	-0.01%	–
	Exit	HANNON ARMSTRONG SUST INFR Cnote 4.125% 9/0	$0	–	-200,000	–	-0.01%	–
	Exit	J2 GLOBAL INCnote 3.250% 6/1	$0	–	-900,000	–	-0.05%	–
PAAS	Exit	PAN AMERN SILVER CORP	$0	–	-33,620	–	-0.05%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-89,246	–	-0.10%	–
ASR	Exit	GRUPO AEROPORTUARIO DEL SUREspon adr ser b	$0	–	-27,033	–	-0.14%	–
	Exit	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$0	–	-3,100,000	–	-0.16%	–
	Exit	SQUARE INCnote 0.500% 5/1	$0	–	-3,000,000	–	-0.20%	–
	Exit	CHEGG INCnote 0.125% 3/1	$0	–	-3,800,000	–	-0.24%	–
LILAK	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-617,192	–	-0.26%	–
	Exit	ZILLOW GROUP INCnote 2.750% 5/1	$0	–	-5,000,000	–	-0.27%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$0	–	-6,000,000	–	-0.36%	–
BZUN	Exit	BAOZUN INCsponsored adr	$0	–	-211,133	–	-0.37%	–
	Exit	ARES CAPITAL CORPnote 3.750% 2/0	$0	–	-8,500,000	–	-0.38%	–
CPA	Exit	COPA HOLDINGS SAcl a	$0	–	-243,061	–	-0.56%	–
	Exit	WORKDAY INCnote 0.250%10/0	$0	–	-9,200,000	–	-0.58%	–
	Exit	MICROCHIP TECHNOLOGY INC.note 1.625% 2/1	$0	–	-11,200,000	–	-0.73%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-706,427	–	-1.45%	–

Q2 2020

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$145,268,000	–	52,656	–	6.59%	–
NEM	New	NEWMONT CORP	$121,429,000	–	1,966,792	–	5.50%	–
GOLD	New	BARRICK GOLD CORPORATION	$117,019,000	–	4,343,765	–	5.30%	–
KR	New	KROGER CO	$101,089,000	–	2,986,390	–	4.58%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$86,404,000	–	169,407	–	3.92%	–
HPQ	New	HP INC	$81,831,000	–	4,694,880	–	3.71%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$76,825,000	–	1,353,285	–	3.48%	–
LAZ	New	LAZARD LTD	$73,917,000	–	2,581,806	–	3.35%	–
CSX	New	CSX CORP	$66,582,000	–	954,731	–	3.02%	–
PCAR	New	PACCAR INC	$62,882,000	–	840,101	–	2.85%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$61,395,000	–	6,795,306	–	2.78%	–
LEN	New	LENNAR CORPcl a	$60,029,000	–	974,177	–	2.72%	–
AMTD	New	TD AMERITRADE HLDG CORP	$51,487,000	–	1,415,267	–	2.33%	–
PYPL	New	PAYPAL HLDGS INC	$48,527,000	–	278,528	–	2.20%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$43,678,000	–	324,817	–	1.98%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$41,245,000	–	930,430	–	1.87%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$40,784,000	–	189,080	–	1.85%	–
EXP	New	EAGLE MATERIALS INC	$34,998,000	–	498,399	–	1.59%	–
KSU	New	KANSAS CITY SOUTHERN	$34,966,000	–	234,208	–	1.58%	–
AAL	New	AMERICAN AIRLS GROUP INC	$34,874,000	–	2,668,323	–	1.58%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$32,409,000	–	3,918,824	–	1.47%	–
AU	New	ANGLOGOLD ASHANTI LIMITEDsponsored adr	$31,955,000	–	1,083,589	–	1.45%	–
CBRE	New	CBRE GROUP INCcl a	$31,945,000	–	706,427	–	1.45%	–
LRCX	New	LAM RESEARCH CORP	$31,326,000	–	96,849	–	1.42%	–
BAC	New	BK OF AMERICA CORP	$31,267,000	–	1,316,498	–	1.42%	–
MELI	New	MERCADOLIBRE INC	$30,684,000	–	31,127	–	1.39%	–
MSFT	New	MICROSOFT CORP	$29,202,000	–	143,494	–	1.32%	–
IT	New	GARTNER INC	$27,890,000	–	229,869	–	1.26%	–
	New	WESTERN DIGITAL CORP.note 1.500% 2/0	$27,678,000	–	29,300,000	–	1.26%	–
AIG	New	AMERICAN INTL GROUP INC	$25,128,000	–	805,888	–	1.14%	–
YY	New	JOYY INC	$23,684,000	–	267,464	–	1.07%	–
C	New	CITIGROUP INC	$22,878,000	–	447,705	–	1.04%	–
EXPD	New	EXPEDITORS INTL WASH INC	$22,714,000	–	298,710	–	1.03%	–
	New	SOUTHWEST AIRLS COnote 1.250% 5/0	$22,533,000	–	18,700,000	–	1.02%	–
IPG	New	INTERPUBLIC GROUP COS INC	$22,518,000	–	1,312,299	–	1.02%	–
ANTM	New	ANTHEM INC	$21,285,000	–	80,936	–	0.96%	–
JD	New	JD.COM INCspon adr cl a	$20,921,000	–	347,643	–	0.95%	–
	New	TWITTER INCnote 0.250% 6/1	$19,822,000	–	21,000,000	–	0.90%	–
SYF	New	SYNCHRONY FINANCIAL	$18,796,000	–	848,165	–	0.85%	–
CVCO	New	CAVCO INDS INC DEL	$17,865,000	–	92,632	–	0.81%	–
COST	New	COSTCO WHSL CORP NEW	$17,403,000	–	57,399	–	0.79%	–
	New	MICROCHIP TECHNOLOGY INC.note 1.625% 2/1	$16,191,000	–	11,200,000	–	0.73%	–
	New	PALO ALTO NETWORKS INCnote 0.750% 7/0	$15,471,000	–	14,400,000	–	0.70%	–
	New	WORKDAY INCnote 0.250%10/0	$12,685,000	–	9,200,000	–	0.58%	–
CPA	New	COPA HOLDINGS SAcl a	$12,289,000	–	243,061	–	0.56%	–
	New	SPLUNK INCnote 0.500% 9/1	$11,515,000	–	8,000,000	–	0.52%	–
LBTYK	New	LIBERTY GLOBAL PLC	$11,281,000	–	524,502	–	0.51%	–
	New	ARES CAPITAL CORPnote 3.750% 2/0	$8,478,000	–	8,500,000	–	0.38%	–
	New	ON SEMICONDUCTOR CORPnote 1.625%10/1	$8,377,000	–	6,900,000	–	0.38%	–
BZUN	New	BAOZUN INCsponsored adr	$8,118,000	–	211,133	–	0.37%	–
	New	NUANCE COMMUNICATIONS INCdbcv 1.000%12/1	$7,919,000	–	6,700,000	–	0.36%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$7,875,000	–	6,000,000	–	0.36%	–
RF	New	REGIONS FINANCIAL CORP NEW	$7,463,000	–	671,115	–	0.34%	–
	New	ZYNGA INCnote 0.250% 6/0	$7,329,000	–	5,700,000	–	0.33%	–
	New	FIREEYE INCnote 0.875% 6/0	$7,238,000	–	8,000,000	–	0.33%	–
	New	PURE STORAGE INCnote 0.125% 4/1	$7,004,000	–	7,100,000	–	0.32%	–
	New	EXACT SCIENCES CORPnote 0.375% 3/0	$6,430,000	–	6,700,000	–	0.29%	–
LENB	New	LENNAR CORPcl b	$6,222,000	–	135,004	–	0.28%	–
	New	SYNAPTICS INCnote 0.500% 6/1	$6,184,000	–	5,800,000	–	0.28%	–
	New	LIBERTY MEDIA CORP DELnote 1.375%10/1	$5,946,000	–	5,550,000	–	0.27%	–
	New	ZILLOW GROUP INCnote 2.750% 5/1	$5,863,000	–	5,000,000	–	0.27%	–
LILAK	New	LIBERTY LATIN AMERICA LTD	$5,826,000	–	617,192	–	0.26%	–
	New	ISIS PHARMACEUTICALS INC DELnote 1.000%11/1	$5,499,000	–	5,000,000	–	0.25%	–
	New	CHEGG INCnote 0.125% 3/1	$5,401,000	–	3,800,000	–	0.24%	–
	New	NUVASIVE INCnote 2.250% 3/1	$5,366,000	–	4,900,000	–	0.24%	–
	New	CREE INCnote 0.875% 9/0	$5,304,000	–	4,500,000	–	0.24%	–
HTHT	New	HUAZHU GROUP LTDsponsored ads	$5,038,000	–	143,756	–	0.23%	–
HBI	New	HANESBRANDS INC	$4,646,000	–	411,700	–	0.21%	–
	New	ARES CAPITAL CORPnote 4.625% 3/0	$4,588,000	–	4,500,000	–	0.21%	–
	New	VIAVI SOLUTIONS INCnote 1.000% 3/0	$4,507,000	–	3,900,000	–	0.20%	–
	New	SQUARE INCnote 0.500% 5/1	$4,451,000	–	3,000,000	–	0.20%	–
	New	FORTIVE CORPnote 0.875% 2/1	$4,406,000	–	4,500,000	–	0.20%	–
	New	YY INCnote 0.750% 6/1	$4,343,000	–	3,900,000	–	0.20%	–
	New	IQIYI INCnote 2.000% 4/0	$3,983,000	–	4,000,000	–	0.18%	–
	New	GUIDEWIRE SOFTWARE INCnote 1.250% 3/1	$3,601,000	–	3,100,000	–	0.16%	–
	New	ILLUMINA INCnote 0.500% 6/1	$3,564,000	–	2,400,000	–	0.16%	–
	New	EXACT SCIENCES CORPnote 1.000% 1/1	$3,542,000	–	2,600,000	–	0.16%	–
BKR	New	BAKER HUGHES COMPANYcl a	$3,120,000	–	202,691	–	0.14%	–
	New	PRICELINE GRP INCnote 0.900% 9/1	$3,076,000	–	2,900,000	–	0.14%	–
ASR	New	GRUPO AEROPORTUARIO DEL SUREspon adr ser b	$3,036,000	–	27,033	–	0.14%	–
QRTEA	New	QURATE RETAIL INC	$2,802,000	–	295,026	–	0.13%	–
	New	LIBERTY MEDIA CORP DELnote 1.000% 1/3	$2,406,000	–	2,200,000	–	0.11%	–
ABC	New	AMERISOURCEBERGEN CORP	$2,370,000	–	23,531	–	0.11%	–
MCK	New	MCKESSON CORP	$2,168,000	–	14,131	–	0.10%	–
AMCX	New	AMC NETWORKS INCcl a	$2,088,000	–	89,246	–	0.10%	–
CAAP	New	CORPORACION AMER ARPTS S A	$1,671,000	–	766,742	–	0.08%	–
JNJ	New	JOHNSON & JOHNSON	$1,531,000	–	10,885	–	0.07%	–
AEM	New	AGNICO EAGLE MINES LTD	$1,218,000	–	12,940	–	0.06%	–
LTHM	New	LIVENT CORP	$1,191,000	–	193,392	–	0.05%	–
	New	J2 GLOBAL INCnote 3.250% 6/1	$1,017,000	–	900,000	–	0.05%	–
PAAS	New	PAN AMERN SILVER CORP	$1,022,000	–	33,620	–	0.05%	–
SUPV	New	GRUPO SUPERVIELLE S.A.sponsored adr	$916,000	–	416,246	–	0.04%	–
TAL	New	TAL EDUCATION GROUPsponsored ads	$937,000	–	13,708	–	0.04%	–
	New	WEIBO CORPnote 1.250%11/1	$654,000	–	700,000	–	0.03%	–
DOV	New	DOVER CORP	$614,000	–	6,356	–	0.03%	–
	New	EURONET WORLDWIDE INCnote 0.750% 3/1	$583,000	–	600,000	–	0.03%	–
AGI	New	ALAMOS GOLD INC NEW	$541,000	–	57,671	–	0.02%	–
	New	STARWOOD PPTY TR INCnote 4.375% 4/0	$474,000	–	500,000	–	0.02%	–
	New	MOMO INCnote 1.250% 7/0	$468,000	–	600,000	–	0.02%	–
OMC	New	OMNICOM GROUP INC	$432,000	–	7,910	–	0.02%	–
	New	HERCULES CAPITAL INCdbcv 4.375% 2/0	$390,000	–	400,000	–	0.02%	–
	New	BAOZUN INCnote 1.625% 5/0	$388,000	–	400,000	–	0.02%	–
KL	New	KIRKLAND LAKE GOLD LTD	$346,000	–	8,400	–	0.02%	–
	New	BLACKROCK CAP INVT CORPnote 5.000% 6/1	$282,000	–	300,000	–	0.01%	–
	New	HANNON ARMSTRONG SUST INFR Cnote 4.125% 9/0	$232,000	–	200,000	–	0.01%	–
NG	New	NOVAGOLD RES INC	$172,000	–	18,780	–	0.01%	–
OPRA	New	OPERA LTDsponsored ads	$177,000	–	19,654	–	0.01%	–
SSRM	New	SSR MNG INC	$173,000	–	8,100	–	0.01%	–
GTE	New	GRAN TIERRA ENERGY INC	$125,000	–	271,639	–	0.01%	–
AR	New	ANTERO RESOURCES CORP	$36,000	–	14,201	–	0.00%	–
NFLX	New	NETFLIX INCput	$12,000	–	60	–	0.00%	–
AAPL	New	APPLE INCput	$19,000	–	70	–	0.00%	–
TSLA	New	TESLA INCput	$6,000	–	14	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
GTE	Exit	GRAN TIERRA ENERGY INC	$0	–	-104,446	–	-0.01%	–
AR	Exit	ANTERO RES CORP	$0	–	-70,188	–	-0.01%	–
	Exit	HERCULES CAPITAL INCdbcv 4.375% 2/0	$0	–	-200,000	–	-0.01%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored ads a	$0	–	-22,500	–	-0.01%	–
OPRA	Exit	OPERA LTDsponsored ads	$0	–	-24,209	–	-0.01%	–
	Exit	BLACKROCK CAPITAL INVESTMENTnote 5.000% 6/1	$0	–	-300,000	–	-0.01%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-2,119	–	-0.02%	–
	Exit	CEMEX SAB DE CVnote 3.720% 3/1	$0	–	-350,000	–	-0.02%	–
	Exit	ARES CAP CORPnote 4.625% 3/0	$0	–	-350,000	–	-0.02%	–
	Exit	STARWOOD PPTY TR INCnote 4.375% 4/0	$0	–	-500,000	–	-0.02%	–
	Exit	MOMO INCnote 1.250% 7/0	$0	–	-600,000	–	-0.02%	–
LENB	Exit	LENNAR CORPcl b	$0	–	-11,959	–	-0.02%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-2,000	–	-0.03%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-10,764	–	-0.03%	–
ERI	Exit	ELDORADO RESORTS INC	$0	–	-20,000	–	-0.03%	–
	Exit	WEIBO CORPnote 1.250%11/1	$0	–	-1,100,000	–	-0.04%	–
SKYW	Exit	SKYWEST INC	$0	–	-20,000	–	-0.05%	–
	Exit	ILLUMINA INCnote 0.500% 6/1	$0	–	-900,000	–	-0.05%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-18,000	–	-0.05%	–
WWE	Exit	WORLD WRESTLING ENTMT INCcl a	$0	–	-18,000	–	-0.05%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-25,000	–	-0.06%	–
DOV	Exit	DOVER CORP	$0	–	-15,856	–	-0.07%	–
BMA	Exit	BANCO MACRO SAspon adr b	$0	–	-60,727	–	-0.07%	–
MRK	Exit	MERCK & CO INC	$0	–	-19,055	–	-0.07%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-17,000	–	-0.07%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,400	–	-0.07%	–
LOW	Exit	LOWES COS INC	$0	–	-17,000	–	-0.08%	–
	Exit	ZILLOW GROUP INCnote 2.000%12/0	$0	–	-1,900,000	–	-0.08%	–
NDAQ	Exit	NASDAQ INC	$0	–	-20,000	–	-0.08%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-8,000	–	-0.09%	–
	Exit	WIX COM LTDnote 7/0	$0	–	-2,000,000	–	-0.10%	–
	Exit	WRIGHT MED GROUP N Vnote 2.250%11/1	$0	–	-1,900,000	–	-0.10%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-20,000	–	-0.10%	–
DHI	Exit	D R HORTON INC	$0	–	-45,000	–	-0.10%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-289,044	–	-0.11%	–
	Exit	VISHAY INTERTECHNOLOGY INCnote 2.250% 6/1	$0	–	-2,900,000	–	-0.12%	–
	Exit	LUMENTUM HLDGS INCnote 0.250% 3/1	$0	–	-2,400,000	–	-0.12%	–
ARMK	Exit	ARAMARK	$0	–	-70,000	–	-0.13%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-301,269	–	-0.13%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-91,573	–	-0.13%	–
MAS	Exit	MASCO CORP	$0	–	-80,000	–	-0.14%	–
	Exit	VIAVI SOLUTIONS INCnote 1.000% 3/0	$0	–	-2,800,000	–	-0.15%	–
	Exit	CHINA LODGING GROUP LTDnote 0.375%11/0	$0	–	-3,400,000	–	-0.15%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-27,000	–	-0.15%	–
	Exit	CREE INCnote 0.875% 9/0	$0	–	-3,600,000	–	-0.17%	–
	Exit	NEUROCRINE BIOSCIENCES INCnote 2.250% 5/1	$0	–	-2,900,000	–	-0.17%	–
	Exit	NEW RELIC INCnote 0.500% 5/0	$0	–	-4,700,000	–	-0.19%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-91,474	–	-0.19%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-206,849	–	-0.20%	–
SUPV	Exit	GRUPO SUPERVIELLE S Asponsored adr	$0	–	-1,548,973	–	-0.21%	–
	Exit	CTRIP COM INTL LTDnote 1.000% 7/0	$0	–	-5,100,000	–	-0.21%	–
	Exit	ISIS PHARMACEUTICALS INC DELnote 1.000%11/1	$0	–	-4,400,000	–	-0.21%	–
GGAL	Exit	GRUPO FINANCIERO GALICIA S Asponsored adr	$0	–	-394,572	–	-0.22%	–
	Exit	LIVE NATION ENTERTAINMENT INnote 2.500% 3/1	$0	–	-4,500,000	–	-0.22%	–
AU	Exit	ANGLOGOLD ASHANTI LTDsponsored adr	$0	–	-301,306	–	-0.23%	–
CAAP	Exit	CORPORACION AMER ARPTS S A	$0	–	-1,220,754	–	-0.24%	–
LTHM	Exit	LIVENT CORP	$0	–	-880,586	–	-0.25%	–
	Exit	CTRIP COM INTL LTDnote 1.990% 7/0	$0	–	-5,850,000	–	-0.25%	–
AAPL	Exit	APPLE INC	$0	–	-27,000	–	-0.26%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.000% 1/3	$0	–	-5,000,000	–	-0.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-48,716	–	-0.27%	–
HBI	Exit	HANESBRANDS INC	$0	–	-419,669	–	-0.27%	–
	Exit	PURE STORAGE INCnote 0.125% 4/1	$0	–	-6,700,000	–	-0.28%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-590,148	–	-0.29%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$0	–	-7,300,000	–	-0.32%	–
	Exit	NUVASIVE INCnote 2.250% 3/1	$0	–	-6,600,000	–	-0.33%	–
	Exit	SQUARE INCnote 0.500% 5/1	$0	–	-7,400,000	–	-0.35%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$0	–	-6,900,000	–	-0.35%	–
	Exit	NUTANIX INCnote 1/1	$0	–	-10,000,000	–	-0.40%	–
	Exit	ON SEMICONDUCTOR CORPnote 1.000%12/0	$0	–	-8,200,000	–	-0.41%	–
BZUN	Exit	BAOZUN INCsponsored adr	$0	–	-228,346	–	-0.42%	–
	Exit	FIREEYE INCnote 0.875% 6/0	$0	–	-11,000,000	–	-0.44%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-677,934	–	-0.46%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-501,909	–	-0.51%	–
	Exit	DISH NETWORK CORPnote 3.375% 8/1	$0	–	-14,500,000	–	-0.57%	–
LILAK	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-848,482	–	-0.62%	–
EBAY	Exit	EBAY INC	$0	–	-378,561	–	-0.63%	–
	Exit	SPLUNK INCnote 0.500% 9/1	$0	–	-14,300,000	–	-0.66%	–
	Exit	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$0	–	-15,400,000	–	-0.66%	–
	Exit	NXP SEMICONDUCTORS N Vnote 1.000%12/0	$0	–	-14,500,000	–	-0.67%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-54,829	–	-0.67%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-84,045	–	-0.69%	–
MOMO	Exit	MOMO INCadr	$0	–	-582,449	–	-0.77%	–
	Exit	PRICELINE GRP INCnote 0.900% 9/1	$0	–	-16,000,000	–	-0.79%	–
	Exit	PALO ALTO NETWORKS INCnote 0.750% 7/0	$0	–	-18,200,000	–	-0.82%	–
	Exit	TWITTER INCnote 0.250% 6/1	$0	–	-18,700,000	–	-0.84%	–
	Exit	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$0	–	-16,500,000	–	-0.90%	–
BILI	Exit	BILIBILI INCspons ads rep z	$0	–	-1,512,996	–	-0.91%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-93,064	–	-0.92%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-304,053	–	-0.96%	–
	Exit	ARES CAP CORPnote 3.750% 2/0	$0	–	-23,000,000	–	-1.01%	–
	Exit	WESTERN DIGITAL CORPnote 1.500% 2/0	$0	–	-26,350,000	–	-1.08%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-1,248,269	–	-1.14%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-803,278	–	-1.16%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-264,390	–	-1.16%	–
C	Exit	CITIGROUP INC	$0	–	-432,783	–	-1.27%	–
CTRP	Exit	CTRIP COM INTL LTDsponsored ads	$0	–	-1,021,965	–	-1.27%	–
IT	Exit	GARTNER INC	$0	–	-218,387	–	-1.33%	–
BAC	Exit	BANK AMER CORP	$0	–	-1,075,375	–	-1.33%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-482,414	–	-1.36%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-339,274	–	-1.47%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-667,629	–	-1.50%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-282,084	–	-1.60%	–
CPA	Exit	COPA HOLDINGS SAcl a	$0	–	-379,912	–	-1.60%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-2,711,809	–	-1.67%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-475,139	–	-1.82%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-785,471	–	-1.86%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-1,047,389	–	-2.08%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-925,926	–	-2.20%	–
PCAR	Exit	PACCAR INC	$0	–	-793,760	–	-2.36%	–
HPQ	Exit	HP INC	$0	–	-3,028,460	–	-2.44%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-1,276,055	–	-2.52%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-159,978	–	-2.80%	–
CSX	Exit	CSX CORP	$0	–	-967,664	–	-2.85%	–
BID	Exit	SOTHEBYS	$0	–	-1,181,804	–	-2.86%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-845,230	–	-2.96%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-2,616,019	–	-3.00%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-5,081,759	–	-3.08%	–
KR	Exit	KROGER CO	$0	–	-2,829,020	–	-3.10%	–
LAZ	Exit	LAZARD LTD	$0	–	-2,127,547	–	-3.17%	–
MCK	Exit	MCKESSON CORP	$0	–	-566,677	–	-3.29%	–
NEM	Exit	NEWMONT GOLDCORP CORPORATION	$0	–	-2,798,159	–	-4.51%	–
GOLD	Exit	BARRICK GOLD CORPORATION	$0	–	-6,383,788	–	-4.70%	–
AMZN	Exit	AMAZON COM INC	$0	–	-65,067	–	-4.80%	–

Q3 2019

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$112,950,000	-13.4%	65,067	-5.6%	4.80%	-16.0%
GOLD	Buy	BARRICK GOLD CORPORATION	$110,631,000	+82.6%	6,383,788	+66.1%	4.70%	+77.1%
NEM	Buy	NEWMONT GOLDCORP CORPORATION	$106,105,000	+63.5%	2,798,159	+65.8%	4.51%	+58.5%
MCK	Buy	MCKESSON CORP	$77,442,000	+54.3%	566,677	+51.8%	3.29%	+49.7%
LAZ	Buy	LAZARD LTD	$74,464,000	+10.0%	2,127,547	+8.1%	3.17%	+6.7%
KR	Buy	KROGER CO	$72,932,000	+19.5%	2,829,020	+0.7%	3.10%	+15.9%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$72,518,000	+3.8%	5,081,759	+0.6%	3.08%	+0.8%
AAL	Buy	AMERICAN AIRLS GROUP INC	$70,555,000	-16.9%	2,616,019	+0.5%	3.00%	-19.4%
ABC	Buy	AMERISOURCEBERGEN CORP	$69,586,000	+53.0%	845,230	+58.5%	2.96%	+48.5%
BID	Buy	SOTHEBYS	$67,340,000	-1.6%	1,181,804	+0.4%	2.86%	-4.6%
CSX	Sell	CSX CORP	$67,030,000	-20.2%	967,664	-10.9%	2.85%	-22.6%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$65,930,000	+4.8%	159,978	+0.5%	2.80%	+1.7%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$59,311,000	+44.5%	1,276,055	+21.7%	2.52%	+40.1%
HPQ	Buy	HP INC	$57,298,000	+36.7%	3,028,460	+50.2%	2.44%	+32.5%
PCAR	Buy	PACCAR INC	$55,572,000	-1.8%	793,760	+0.5%	2.36%	-4.8%
LEN	Buy	LENNAR CORPcl a	$51,713,000	+15.7%	925,926	+0.4%	2.20%	+12.2%
AMTD	Buy	TD AMERITRADE HLDG CORP	$48,913,000	-6.1%	1,047,389	+0.4%	2.08%	-8.9%
AIG	Buy	AMERICAN INTL GROUP INC	$43,751,000	+5.5%	785,471	+1.0%	1.86%	+2.4%
EXP	Buy	EAGLE MATERIALS INC	$42,767,000	-2.5%	475,139	+0.4%	1.82%	-5.5%
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$39,240,000	-13.8%	2,711,809	-7.3%	1.67%	-16.4%
CPA	Buy	COPA HOLDINGS SAcl a	$37,517,000	+1.7%	379,912	+0.5%	1.60%	-1.4%
KSU	Buy	KANSAS CITY SOUTHERN	$37,520,000	+9.6%	282,084	+0.4%	1.60%	+6.3%
CBRE	Buy	CBRE GROUP INCcl a	$35,391,000	+3.9%	667,629	+0.6%	1.50%	+0.8%
SMG	Sell	SCOTTS MIRACLE GRO COcl a	$34,544,000	-17.6%	339,274	-20.3%	1.47%	-20.1%
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$32,003,000	+1.0%	482,414	+0.9%	1.36%	-2.0%
BAC	Buy	BANK AMER CORP	$31,369,000	+1.5%	1,075,375	+0.9%	1.33%	-1.5%
IT	Buy	GARTNER INC	$31,228,000	-10.5%	218,387	+0.7%	1.33%	-13.2%
CTRP	Buy	CTRIP COM INTL LTDsponsored ads	$29,933,000	+39.7%	1,021,965	+76.0%	1.27%	+35.4%
C	Buy	CITIGROUP INC	$29,896,000	-0.2%	432,783	+1.2%	1.27%	-3.2%
PYPL	Sell	PAYPAL HLDGS INC	$27,388,000	-19.3%	264,390	-10.9%	1.16%	-21.7%
SYF	Buy	SYNCHRONY FINL	$27,383,000	-1.3%	803,278	+0.4%	1.16%	-4.3%
IPG	Buy	INTERPUBLIC GROUP COS INC	$26,911,000	-4.2%	1,248,269	+0.4%	1.14%	-7.1%
	New	WESTERN DIGITAL CORPnote 1.500% 2/0	$25,447,000	–	26,350,000	–	1.08%	–
EXPD	Buy	EXPEDITORS INTL WASH INC	$22,589,000	-1.7%	304,053	+0.4%	0.96%	-4.6%
LRCX	Buy	LAM RESEARCH CORP	$21,509,000	+24.4%	93,064	+1.1%	0.92%	+20.7%
BILI	Buy	BILIBILI INCspons ads rep z	$21,364,000	-10.0%	1,512,996	+3.6%	0.91%	-12.8%
	Sell	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$21,289,000	+5.9%	16,500,000	-2.9%	0.90%	+2.7%
	Buy	TWITTER INCnote 0.250% 6/1	$19,870,000	+29.3%	18,700,000	+19.1%	0.84%	+25.4%
	New	PALO ALTO NETWORKS INCnote 0.750% 7/0	$19,224,000	–	18,200,000	–	0.82%	–
	Sell	PRICELINE GRP INCnote 0.900% 9/1	$18,523,000	-4.7%	16,000,000	-5.9%	0.79%	-7.5%
MOMO	Buy	MOMO INCadr	$18,044,000	+44.9%	582,449	+67.5%	0.77%	+40.5%
COST	Buy	COSTCO WHSL CORP NEW	$15,796,000	+9.6%	54,829	+0.6%	0.67%	+6.3%
	Sell	NXP SEMICONDUCTORS N Vnote 1.000%12/0	$15,728,000	-44.6%	14,500,000	-45.5%	0.67%	-46.3%
	Buy	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$15,440,000	+17.1%	15,400,000	+19.4%	0.66%	+13.7%
	New	SPLUNK INCnote 0.500% 9/1	$15,400,000	–	14,300,000	–	0.66%	–
EBAY	Sell	EBAY INC	$14,756,000	-12.2%	378,561	-11.0%	0.63%	-14.8%
LILAK	Sell	LIBERTY LATIN AMERICA LTD	$14,505,000	-4.5%	848,482	-4.0%	0.62%	-7.4%
	Buy	DISH NETWORK CORPnote 3.375% 8/1	$13,324,000	+0.5%	14,500,000	+6.6%	0.57%	-2.4%
LBTYK	Buy	LIBERTY GLOBAL PLC	$11,940,000	-10.0%	501,909	+0.4%	0.51%	-12.7%
RF	Buy	REGIONS FINL CORP NEW	$10,725,000	+6.3%	677,934	+0.4%	0.46%	+3.2%
	Sell	FIREEYE INCnote 0.875% 6/0	$10,354,000	-25.0%	11,000,000	-22.0%	0.44%	-27.3%
BZUN	Sell	BAOZUN INCsponsored adr	$9,750,000	-61.7%	228,346	-55.3%	0.42%	-62.8%
	Buy	ON SEMICONDUCTOR CORPnote 1.000%12/0	$9,648,000	+24.8%	8,200,000	+30.2%	0.41%	+20.9%
	Buy	SQUARE INCnote 0.500% 5/1	$8,266,000	+1.7%	7,400,000	+8.8%	0.35%	-1.4%
	Buy	NUVASIVE INCnote 2.250% 3/1	$7,812,000	+18.7%	6,600,000	+13.8%	0.33%	+15.3%
	Sell	PURE STORAGE INCnote 0.125% 4/1	$6,611,000	-12.7%	6,700,000	-15.2%	0.28%	-15.4%
HBI	Buy	HANESBRANDS INC	$6,430,000	-10.3%	419,669	+0.8%	0.27%	-13.1%
JNJ	Sell	JOHNSON & JOHNSON	$6,302,000	-20.6%	48,716	-14.5%	0.27%	-23.0%
	Sell	LIBERTY MEDIA CORP DELAWAREnote 1.000% 1/3	$6,228,000	-25.5%	5,000,000	-29.6%	0.26%	-27.6%
AAPL	New	APPLE INC	$6,047,000	–	27,000	–	0.26%	–
	Buy	CTRIP COM INTL LTDnote 1.990% 7/0	$5,899,000	+1.2%	5,850,000	+9.3%	0.25%	-2.0%
LTHM	Buy	LIVENT CORP	$5,891,000	-0.1%	880,586	+3.4%	0.25%	-3.1%
CAAP	Sell	CORPORACION AMER ARPTS S A	$5,530,000	-47.9%	1,220,754	-7.1%	0.24%	-49.5%
AU	New	ANGLOGOLD ASHANTI LTDsponsored adr	$5,505,000	–	301,306	–	0.23%	–
	Sell	LIVE NATION ENTERTAINMENT INnote 2.500% 3/1	$5,284,000	-29.8%	4,500,000	-29.1%	0.22%	-31.8%
GGAL	Sell	GRUPO FINANCIERO GALICIA S Asponsored adr	$5,129,000	-72.9%	394,572	-25.9%	0.22%	-73.7%
	New	ISIS PHARMACEUTICALS INC DELnote 1.000%11/1	$5,014,000	–	4,400,000	–	0.21%	–
SUPV	Buy	GRUPO SUPERVIELLE S Asponsored adr	$4,972,000	-52.5%	1,548,973	+16.6%	0.21%	-54.0%
AMCX	Buy	AMC NETWORKS INCcl a	$4,497,000	-9.1%	91,474	+0.8%	0.19%	-12.0%
	Buy	NEW RELIC INCnote 0.500% 5/0	$4,450,000	+7.0%	4,700,000	+20.5%	0.19%	+3.8%
	Sell	NEUROCRINE BIOSCIENCES INCnote 2.250% 5/1	$3,966,000	-24.9%	2,900,000	-27.5%	0.17%	-27.2%
	New	CREE INCnote 0.875% 9/0	$3,941,000	–	3,600,000	–	0.17%	–
FIS	New	FIDELITY NATL INFORMATION SV	$3,585,000	–	27,000	–	0.15%	–
	Sell	VIAVI SOLUTIONS INCnote 1.000% 3/0	$3,450,000	-31.7%	2,800,000	-34.9%	0.15%	-33.5%
MAS	Sell	MASCO CORP	$3,334,000	-24.1%	80,000	-28.6%	0.14%	-26.4%
TAL	New	TAL EDUCATION GROUPsponsored ads	$3,135,000	–	91,573	–	0.13%	–
ARMK	New	ARAMARK	$3,051,000	–	70,000	–	0.13%	–
	Sell	LUMENTUM HLDGS INCnote 0.250% 3/1	$2,798,000	-42.8%	2,400,000	-42.9%	0.12%	-44.4%
	New	VISHAY INTERTECHNOLOGY INCnote 2.250% 6/1	$2,718,000	–	2,900,000	–	0.12%	–
PUMP	Buy	PROPETRO HLDG CORP	$2,626,000	-33.6%	289,044	+51.3%	0.11%	-35.3%
DHI	New	D R HORTON INC	$2,372,000	–	45,000	–	0.10%	–
DLTR	New	DOLLAR TREE INC	$2,283,000	–	20,000	–	0.10%	–
	New	WIX COM LTDnote 7/0	$2,225,000	–	2,000,000	–	0.10%	–
	New	WRIGHT MED GROUP N Vnote 2.250%11/1	$2,226,000	–	1,900,000	–	0.10%	–
MA	New	MASTERCARD INCcl a	$2,173,000	–	8,000	–	0.09%	–
NDAQ	New	NASDAQ INC	$1,987,000	–	20,000	–	0.08%	–
	Sell	ZILLOW GROUP INCnote 2.000%12/0	$1,887,000	-61.3%	1,900,000	-55.8%	0.08%	-62.6%
LOW	Sell	LOWES COS INC	$1,869,000	-77.1%	17,000	-79.0%	0.08%	-77.9%
GOOGL	New	ALPHABET INCcap stk cl a	$1,710,000	–	1,400	–	0.07%	–
EA	New	ELECTRONIC ARTS INC	$1,663,000	–	17,000	–	0.07%	–
MRK	Sell	MERCK & CO INC	$1,605,000	-71.7%	19,055	-71.9%	0.07%	-72.7%
BMA	Sell	BANCO MACRO SAspon adr b	$1,580,000	-89.3%	60,727	-70.0%	0.07%	-89.6%
DOV	Sell	DOVER CORP	$1,579,000	-4.3%	15,856	-3.7%	0.07%	-6.9%
ATVI	New	ACTIVISION BLIZZARD INC	$1,323,000	–	25,000	–	0.06%	–
QSR	New	RESTAURANT BRANDS INTL INC	$1,281,000	–	18,000	–	0.05%	–
WWE	Sell	WORLD WRESTLING ENTMT INCcl a	$1,281,000	-31.8%	18,000	-30.8%	0.05%	-34.1%
SKYW	Sell	SKYWEST INC	$1,148,000	-78.5%	20,000	-77.3%	0.05%	-79.1%
ERI	Sell	ELDORADO RESORTS INC	$797,000	-79.2%	20,000	-75.9%	0.03%	-79.8%
CVS	Sell	CVS HEALTH CORP	$679,000	+11.5%	10,764	-3.7%	0.03%	+7.4%
FICO	Sell	FAIR ISAAC CORP	$607,000	-85.1%	2,000	-84.6%	0.03%	-85.5%
	New	MOMO INCnote 1.250% 7/0	$545,000	–	600,000	–	0.02%	–
	Sell	CEMEX SAB DE CVnote 3.720% 3/1	$350,000	-95.2%	350,000	-95.2%	0.02%	-95.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$354,000	-56.2%	2,119	-55.6%	0.02%	-57.1%
OPRA	New	OPERA LTDsponsored ads	$243,000	–	24,209	–	0.01%	–
AR	Sell	ANTERO RES CORP	$212,000	-51.0%	70,188	-10.4%	0.01%	-52.6%
GTE	Buy	GRAN TIERRA ENERGY INC	$171,000	+56.9%	104,446	+96.4%	0.01%	+40.0%
MSFT	Exit	MICROSOFT CORP	$0	–	-2,346	–	-0.01%	–
MKTX	Exit	MARKETAXESS HLDGS INC	$0	–	-3,900	–	-0.06%	–
PFE	Exit	PFIZER INC	$0	–	-32,768	–	-0.06%	–
COO	Exit	COOPER COS INC	$0	–	-5,600	–	-0.08%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-26,000	–	-0.11%	–
CWST	Exit	CASELLA WASTE SYS INCcl a	$0	–	-63,000	–	-0.11%	–
TEO	Exit	TELECOM ARGENTINA S Aspon adr rep b	$0	–	-145,913	–	-0.11%	–
TMUS	Exit	T MOBILE US INC	$0	–	-43,000	–	-0.14%	–
PLNT	Exit	PLANET FITNESS INCcl a	$0	–	-44,000	–	-0.14%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-201,000	–	-0.14%	–
SE	Exit	SEA LTDsponsored ads	$0	–	-114,000	–	-0.17%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-66,000	–	-0.17%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-44,000	–	-0.22%	–
SQM	Exit	SOCIEDAD QUIMICA MINERA DE Cspon adr ser b	$0	–	-183,017	–	-0.25%	–
	Exit	TRANSOCEAN INCdeb 0.500% 1/3	$0	–	-5,900,000	–	-0.25%	–
NFLX	Exit	NETFLIX INC	$0	–	-17,000	–	-0.27%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-70,000	–	-0.30%	–
WP	Exit	WORLDPAY INCcl a	$0	–	-66,000	–	-0.36%	–
	Exit	AKAMAI TECHNOLOGIES INCnote 0.125% 5/0	$0	–	-7,900,000	–	-0.37%	–
PAM	Exit	PAMPA ENERGIA S Aspons adr lvl i	$0	–	-257,418	–	-0.39%	–

Q2 2019

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$130,500,000	–	68,915	–	5.72%	–
AAL	New	AMERICAN AIRLS GROUP INC	$84,871,000	–	2,602,640	–	3.72%	–
CSX	New	CSX CORP	$84,007,000	–	1,085,778	–	3.68%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$69,832,000	–	5,052,971	–	3.06%	–
BID	New	SOTHEBYS	$68,436,000	–	1,177,289	–	3.00%	–
LAZ	New	LAZARD LTD	$67,664,000	–	1,967,570	–	2.97%	–
NEM	New	NEWMONT GOLDCORP CORPORATION	$64,909,000	–	1,687,298	–	2.85%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$62,897,000	–	159,159	–	2.76%	–
KR	New	KROGER CO	$61,017,000	–	2,810,561	–	2.68%	–
GOLD	New	BARRICK GOLD CORPORATION	$60,593,000	–	3,842,300	–	2.66%	–
PCAR	New	PACCAR INC	$56,610,000	–	789,973	–	2.48%	–
AMTD	New	TD AMERITRADE HLDG CORP	$52,081,000	–	1,043,295	–	2.28%	–
MCK	New	MCKESSON CORP	$50,179,000	–	373,387	–	2.20%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$45,540,000	–	2,924,832	–	2.00%	–
ABC	New	AMERISOURCEBERGEN CORP	$45,470,000	–	533,300	–	1.99%	–
LEN	New	LENNAR CORPcl a	$44,700,000	–	922,419	–	1.96%	–
EXP	New	EAGLE MATERIALS INC	$43,879,000	–	473,351	–	1.92%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$41,940,000	–	425,790	–	1.84%	–
HPQ	New	HP INC	$41,916,000	–	2,016,184	–	1.84%	–
AIG	New	AMERICAN INTL GROUP INC	$41,455,000	–	778,061	–	1.82%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$41,055,000	–	1,048,122	–	1.80%	–
CPA	New	COPA HOLDINGS SAcl a	$36,897,000	–	378,161	–	1.62%	–
IT	New	GARTNER INC	$34,895,000	–	216,823	–	1.53%	–
KSU	New	KANSAS CITY SOUTHERN	$34,232,000	–	281,000	–	1.50%	–
CBRE	New	CBRE GROUP INCcl a	$34,061,000	–	663,951	–	1.49%	–
PYPL	New	PAYPAL HLDGS INC	$33,950,000	–	296,604	–	1.49%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$31,679,000	–	478,175	–	1.39%	–
BAC	New	BANK AMER CORP	$30,897,000	–	1,065,374	–	1.35%	–
C	New	CITIGROUP INC	$29,947,000	–	427,606	–	1.31%	–
	New	NXP SEMICONDUCTORS N Vnote 1.000%12/0	$28,390,000	–	26,600,000	–	1.24%	–
IPG	New	INTERPUBLIC GROUP COS INC	$28,083,000	–	1,243,098	–	1.23%	–
SYF	New	SYNCHRONY FINL	$27,743,000	–	800,205	–	1.22%	–
BZUN	New	BAOZUN INCsponsored adr	$25,479,000	–	511,005	–	1.12%	–
BILI	New	BILIBILI INCspons ads rep z	$23,750,000	–	1,459,771	–	1.04%	–
	New	ARES CAP CORPnote 3.750% 2/0	$23,403,000	–	23,000,000	–	1.03%	–
EXPD	New	EXPEDITORS INTL WASH INC	$22,977,000	–	302,890	–	1.01%	–
CTRP	New	CTRIP COM INTL LTDsponsored ads	$21,431,000	–	580,642	–	0.94%	–
	New	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$20,097,000	–	17,000,000	–	0.88%	–
	New	PRICELINE GRP INCnote 0.900% 9/1	$19,446,000	–	17,000,000	–	0.85%	–
GGAL	New	GRUPO FINANCIERO GALICIA S Asponsored adr	$18,892,000	–	532,176	–	0.83%	–
LRCX	New	LAM RESEARCH CORP	$17,285,000	–	92,025	–	0.76%	–
EBAY	New	EBAY INC	$16,800,000	–	425,311	–	0.74%	–
	New	TWITTER INCnote 0.250% 6/1	$15,370,000	–	15,700,000	–	0.67%	–
LILAK	New	LIBERTY LATIN AMERICA LTD	$15,190,000	–	883,676	–	0.67%	–
BMA	New	BANCO MACRO SAspon adr b	$14,744,000	–	202,393	–	0.65%	–
COST	New	COSTCO WHSL CORP NEW	$14,407,000	–	54,514	–	0.63%	–
	New	FIREEYE INCnote 0.875% 6/0	$13,799,000	–	14,100,000	–	0.60%	–
LBTYK	New	LIBERTY GLOBAL PLC	$13,265,000	–	500,005	–	0.58%	–
	New	DISH NETWORK CORPnote 3.375% 8/1	$13,252,000	–	13,600,000	–	0.58%	–
CVCO	New	CAVCO INDS INC DEL	$13,241,000	–	84,045	–	0.58%	–
	New	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$13,183,000	–	12,900,000	–	0.58%	–
MOMO	New	MOMO INCadr	$12,451,000	–	347,801	–	0.55%	–
CAAP	New	CORPORACION AMER ARPTS S A	$10,606,000	–	1,314,248	–	0.46%	–
SUPV	New	GRUPO SUPERVIELLE S Asponsored adr	$10,469,000	–	1,328,510	–	0.46%	–
RF	New	REGIONS FINL CORP NEW	$10,089,000	–	675,327	–	0.44%	–
	New	NUTANIX INCnote 1/1	$9,326,000	–	10,000,000	–	0.41%	–
X	New	UNITED STATES STL CORP NEW	$9,035,000	–	590,148	–	0.40%	–
PAM	New	PAMPA ENERGIA S Aspons adr lvl i	$8,925,000	–	257,418	–	0.39%	–
	New	AKAMAI TECHNOLOGIES INCnote 0.125% 5/0	$8,463,000	–	7,900,000	–	0.37%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.000% 1/3	$8,356,000	–	7,100,000	–	0.37%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$8,214,000	–	7,300,000	–	0.36%	–
LOW	New	LOWES COS INC	$8,174,000	–	81,000	–	0.36%	–
	New	SQUARE INCnote 0.500% 5/1	$8,127,000	–	6,800,000	–	0.36%	–
WP	New	WORLDPAY INCcl a	$8,088,000	–	66,000	–	0.36%	–
JNJ	New	JOHNSON & JOHNSON	$7,934,000	–	56,971	–	0.35%	–
	New	ON SEMICONDUCTOR CORPnote 1.000%12/0	$7,733,000	–	6,300,000	–	0.34%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$7,741,000	–	6,900,000	–	0.34%	–
	New	PURE STORAGE INCnote 0.125% 4/1	$7,571,000	–	7,900,000	–	0.33%	–
	New	LIVE NATION ENTERTAINMENT INnote 2.500% 3/1	$7,531,000	–	6,350,000	–	0.33%	–
	New	CEMEX SAB DE CVnote 3.720% 3/1	$7,345,000	–	7,350,000	–	0.32%	–
HBI	New	HANESBRANDS INC	$7,172,000	–	416,515	–	0.31%	–
CTXS	New	CITRIX SYS INC	$6,870,000	–	70,000	–	0.30%	–
	New	NUVASIVE INCnote 2.250% 3/1	$6,580,000	–	5,800,000	–	0.29%	–
NFLX	New	NETFLIX INC	$6,244,000	–	17,000	–	0.27%	–
LTHM	New	LIVENT CORP	$5,894,000	–	851,804	–	0.26%	–
	New	CTRIP COM INTL LTDnote 1.990% 7/0	$5,830,000	–	5,350,000	–	0.26%	–
	New	TRANSOCEAN INCdeb 0.500% 1/3	$5,783,000	–	5,900,000	–	0.25%	–
SQM	New	SOCIEDAD QUIMICA MINERA DE Cspon adr ser b	$5,693,000	–	183,017	–	0.25%	–
MRK	New	MERCK & CO INC	$5,677,000	–	67,704	–	0.25%	–
SKYW	New	SKYWEST INC	$5,339,000	–	88,000	–	0.23%	–
	New	NEUROCRINE BIOSCIENCES INCnote 2.250% 5/1	$5,284,000	–	4,000,000	–	0.23%	–
BKR	New	BAKER HUGHES A GE COcl a	$5,095,000	–	206,849	–	0.22%	–
	New	VIAVI SOLUTIONS INCnote 1.000% 3/0	$5,051,000	–	4,300,000	–	0.22%	–
	New	CTRIP COM INTL LTDnote 1.000% 7/0	$5,028,000	–	5,100,000	–	0.22%	–
ADI	New	ANALOG DEVICES INC	$4,966,000	–	44,000	–	0.22%	–
AMCX	New	AMC NETWORKS INCcl a	$4,946,000	–	90,787	–	0.22%	–
	New	LUMENTUM HLDGS INCnote 0.250% 3/1	$4,888,000	–	4,200,000	–	0.21%	–
	New	ZILLOW GROUP INCnote 2.000%12/0	$4,874,000	–	4,300,000	–	0.21%	–
MAS	New	MASCO CORP	$4,395,000	–	112,000	–	0.19%	–
	New	NEW RELIC INCnote 0.500% 5/0	$4,159,000	–	3,900,000	–	0.18%	–
FICO	New	FAIR ISAAC CORP	$4,082,000	–	13,000	–	0.18%	–
PUMP	New	PROPETRO HLDG CORP	$3,954,000	–	191,056	–	0.17%	–
ERI	New	ELDORADO RESORTS INC	$3,824,000	–	83,000	–	0.17%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$3,802,000	–	66,000	–	0.17%	–
SE	New	SEA LTDsponsored ads	$3,787,000	–	114,000	–	0.17%	–
QRTEA	New	QURATE RETAIL INC	$3,733,000	–	301,269	–	0.16%	–
	New	CHINA LODGING GROUP LTDnote 0.375%11/0	$3,674,000	–	3,400,000	–	0.16%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$3,210,000	–	201,000	–	0.14%	–
TMUS	New	T MOBILE US INC	$3,188,000	–	43,000	–	0.14%	–
PLNT	New	PLANET FITNESS INCcl a	$3,187,000	–	44,000	–	0.14%	–
TEO	New	TELECOM ARGENTINA S Aspon adr rep b	$2,578,000	–	145,913	–	0.11%	–
WCN	New	WASTE CONNECTIONS INC	$2,485,000	–	26,000	–	0.11%	–
CWST	New	CASELLA WASTE SYS INCcl a	$2,497,000	–	63,000	–	0.11%	–
COO	New	COOPER COS INC	$1,887,000	–	5,600	–	0.08%	–
WWE	New	WORLD WRESTLING ENTMT INCcl a	$1,877,000	–	26,000	–	0.08%	–
DOV	New	DOVER CORP	$1,650,000	–	16,469	–	0.07%	–
PFE	New	PFIZER INC	$1,420,000	–	32,768	–	0.06%	–
	New	ILLUMINA INCnote 0.500% 6/1	$1,391,000	–	900,000	–	0.06%	–
MKTX	New	MARKETAXESS HLDGS INC	$1,254,000	–	3,900	–	0.06%	–
	New	WEIBO CORPnote 1.250%11/1	$1,039,000	–	1,100,000	–	0.05%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$808,000	–	4,771	–	0.04%	–
CVS	New	CVS HEALTH CORP	$609,000	–	11,183	–	0.03%	–
	New	STARWOOD PPTY TR INCnote 4.375% 4/0	$508,000	–	500,000	–	0.02%	–
LENB	New	LENNAR CORPcl b	$460,000	–	11,959	–	0.02%	–
AR	New	ANTERO RES CORP	$433,000	–	78,313	–	0.02%	–
	New	ARES CAP CORPnote 4.625% 3/0	$361,000	–	350,000	–	0.02%	–
MSFT	New	MICROSOFT CORP	$315,000	–	2,346	–	0.01%	–
	New	BLACKROCK CAPITAL INVESTMENTnote 5.000% 6/1	$300,000	–	300,000	–	0.01%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored ads a	$194,000	–	22,500	–	0.01%	–
	New	HERCULES CAPITAL INCdbcv 4.375% 2/0	$202,000	–	200,000	–	0.01%	–
GTE	New	GRAN TIERRA ENERGY INC	$109,000	–	53,174	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-22,500	–	-0.01%	–
	Exit	HERCULES CAPITAL INCdbcv 4.375% 2/0	$0	–	-200,000	–	-0.01%	–
GRAM	Exit	GRANA Y MONTERO S A Asponsored ads	$0	–	-91,368	–	-0.01%	–
	Exit	WRIGHT MED GROUP INCnote 2.000% 2/1	$0	–	-300,000	–	-0.02%	–
	Exit	VIAVI SOLUTIONS INCnote 1.000% 3/0	$0	–	-300,000	–	-0.02%	–
OMC	Exit	OMNICOM GROUP INCput	$0	–	-3,000	–	-0.02%	–
	Exit	EURONET WORLDWIDE INCnote 1.500%10/0	$0	–	-300,000	–	-0.02%	–
LENB	Exit	LENNAR CORPcl b	$0	–	-11,959	–	-0.02%	–
	Exit	STARWOOD PPTY TR INCnote 4.375% 4/0	$0	–	-500,000	–	-0.02%	–
GTE	Exit	GRAN TIERRA ENERGY INC	$0	–	-120,741	–	-0.03%	–
SYMC	Exit	SYMANTEC CORPcall	$0	–	-10,000	–	-0.03%	–
APY	Exit	APERGY CORP	$0	–	-14,335	–	-0.03%	–
	Exit	YAHOO INCnote 12/0	$0	–	-500,000	–	-0.03%	–
TEO	Exit	TELECOM ARGENTINA S Aspon adr rep b	$0	–	-45,662	–	-0.04%	–
	Exit	SINA CORPnote 1.000%12/0	$0	–	-885,000	–	-0.04%	–
MCK	Exit	MCKESSON CORP	$0	–	-11,100	–	-0.07%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-17,400	–	-0.07%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-228,264	–	-0.11%	–
WMT	Exit	WALMART INC	$0	–	-25,272	–	-0.11%	–
AR	Exit	ANTERO RES CORP	$0	–	-138,483	–	-0.11%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-243,550	–	-0.12%	–
DOV	Exit	DOVER CORP	$0	–	-31,469	–	-0.13%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-8,678	–	-0.13%	–
	Exit	WRIGHT MED GROUP N Vnote 2.250%11/1	$0	–	-2,325,000	–	-0.15%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-47,208	–	-0.17%	–
	Exit	ON SEMICONDUCTOR CORPnote 1.000%12/0	$0	–	-3,400,000	–	-0.18%	–
	Exit	DISH NETWORK CORPnote 3.375% 8/1	$0	–	-5,000,000	–	-0.22%	–
BMA	Exit	BANCO MACRO SAspon adr b	$0	–	-116,742	–	-0.22%	–
	Exit	LUMENTUM HLDGS INCnote 0.250% 3/1	$0	–	-4,150,000	–	-0.23%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-107,589	–	-0.23%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-78,779	–	-0.24%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-80,177	–	-0.24%	–
PAM	Exit	PAMPA ENERGIA S Aspons adr lvl i	$0	–	-176,793	–	-0.25%	–
	Exit	AIR TRANSPORT SERVICES GRP Inote 1.125%10/1	$0	–	-5,900,000	–	-0.25%	–
PLNT	Exit	PLANET FITNESS INCcl a	$0	–	-111,000	–	-0.27%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-273,751	–	-0.28%	–
	Exit	DYCOM INDS INCnote 0.750% 9/1	$0	–	-5,500,000	–	-0.28%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-75,357	–	-0.28%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-188,960	–	-0.29%	–
	Exit	EXACT SCIENCES CORPdbcv 1.000% 1/1	$0	–	-5,250,000	–	-0.30%	–
HBI	Exit	HANESBRANDS INC	$0	–	-379,089	–	-0.32%	–
SUPV	Exit	GRUPO SUPERVIELLE S Asponsored adr	$0	–	-918,671	–	-0.32%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-33,000	–	-0.32%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.000% 1/3	$0	–	-6,600,000	–	-0.35%	–
HPQ	Exit	HP INC	$0	–	-307,398	–	-0.36%	–
	Exit	TRANSOCEAN INCdeb 0.500% 1/3	$0	–	-5,300,000	–	-0.36%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-104,388	–	-0.36%	–
	Exit	NUVASIVE INCnote 2.250% 3/1	$0	–	-6,300,000	–	-0.36%	–
AGS	Exit	PLAYAGS INC	$0	–	-272,600	–	-0.36%	–
	Exit	ARES CAP CORPnote 4.375% 1/1	$0	–	-8,050,000	–	-0.37%	–
SO	Exit	SOUTHERN CO	$0	–	-195,540	–	-0.39%	–
GGAL	Exit	GRUPO FINANCIERO GALICIA S Asp adr 10 sh b	$0	–	-340,500	–	-0.39%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$0	–	-7,300,000	–	-0.40%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-236,508	–	-0.40%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$0	–	-7,300,000	–	-0.41%	–
	Exit	SYNAPTICS INCnote 0.500% 6/1	$0	–	-9,350,000	–	-0.41%	–
	Exit	ILLUMINA INCnote 6/1	$0	–	-6,250,000	–	-0.41%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-110,188	–	-0.42%	–
	Exit	RTI INTL METALS INCnote 1.625%10/1	$0	–	-9,050,000	–	-0.42%	–
	Exit	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$0	–	-9,200,000	–	-0.44%	–
EBAY	Exit	EBAY INC	$0	–	-295,901	–	-0.44%	–
EDU	Exit	NEW ORIENTAL ED & TECH GRP Ispon adr	$0	–	-131,857	–	-0.44%	–
	Exit	CEMEX SAB DE CVnote 3.720% 3/1	$0	–	-9,650,000	–	-0.44%	–
	Exit	AKAMAI TECHNOLOGIES INCdbcv 2/1	$0	–	-10,650,000	–	-0.48%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-49,468	–	-0.53%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-85,987	–	-0.54%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-120,910	–	-0.54%	–
	Exit	VIPSHOP HLDGS LTDnote 1.500% 3/1	$0	–	-12,610,000	–	-0.56%	–
	Exit	ENSCO JERSEY FIN LTDnote 3.000% 1/3	$0	–	-12,400,000	–	-0.56%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-83,609	–	-0.58%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-451,319	–	-0.58%	–
	Exit	PRICELINE GRP INCnote 0.900% 9/1	$0	–	-10,800,000	–	-0.58%	–
CAAP	Exit	CORPORACION AMER ARPTS S A	$0	–	-1,626,528	–	-0.63%	–
	Exit	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$0	–	-13,900,000	–	-0.68%	–
LILAK	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-724,601	–	-0.68%	–
CME	Exit	CME GROUP INC	$0	–	-88,000	–	-0.68%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-1,311,660	–	-0.72%	–
LLY	Exit	LILLY ELI & CO	$0	–	-157,153	–	-0.76%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-74,550	–	-0.77%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-524,629	–	-0.78%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-77,000	–	-0.79%	–
	Exit	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$0	–	-16,700,000	–	-0.81%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-584,856	–	-0.81%	–
	Exit	ARES CAP CORPnote 3.750% 2/0	$0	–	-18,000,000	–	-0.83%	–
ANGI	Exit	ANGI HOMESERVICES INC	$0	–	-819,828	–	-0.87%	–
CPA	Exit	COPA HOLDINGS SAcl a	$0	–	-241,798	–	-0.88%	–
MRK	Exit	MERCK & CO INC	$0	–	-277,280	–	-0.89%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-272,080	–	-0.91%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-1,124,884	–	-0.94%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-46,574	–	-0.96%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-84,045	–	-0.96%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-121,000	–	-0.99%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-716,938	–	-1.01%	–
	Exit	NXP SEMICONDUCTORS N Vnote 1.000%12/0	$0	–	-21,400,000	–	-1.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-165,479	–	-1.04%	–
	Exit	CTRIP COM INTL LTDnote 1.000% 7/0	$0	–	-23,750,000	–	-1.06%	–
SKYW	Exit	SKYWEST INC	$0	–	-400,000	–	-1.07%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-432,656	–	-1.07%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-538,677	–	-1.08%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-438,000	–	-1.13%	–
PFE	Exit	PFIZER INC	$0	–	-594,165	–	-1.19%	–
C	Exit	CITIGROUP INC	$0	–	-370,456	–	-1.21%	–
LOW	Exit	LOWES COS INC	$0	–	-236,755	–	-1.23%	–
BAC	Exit	BANK AMER CORP	$0	–	-938,127	–	-1.25%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-375,863	–	-1.34%	–
IT	Exit	GARTNER INC	$0	–	-194,846	–	-1.40%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-283,194	–	-1.47%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-1,427,033	–	-1.48%	–
ERI	Exit	ELDORADO RESORTS INC	$0	–	-697,931	–	-1.54%	–
PCAR	Exit	PACCAR INC	$0	–	-505,994	–	-1.56%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-791,888	–	-1.58%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-428,952	–	-1.66%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-421,062	–	-1.68%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-704,352	–	-1.70%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-833,995	–	-1.77%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-941,272	–	-1.89%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-373,195	–	-1.92%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-142,286	–	-2.10%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-918,561	–	-2.20%	–
LAZ	Exit	LAZARD LTD	$0	–	-1,053,758	–	-2.30%	–
BID	Exit	SOTHEBYS	$0	–	-1,055,960	–	-2.36%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-4,401,742	–	-2.98%	–
KR	Exit	KROGER CO	$0	–	-2,501,690	–	-3.30%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-2,341,296	–	-4.39%	–
CSX	Exit	CSX CORP	$0	–	-1,366,079	–	-4.59%	–
AMZN	Exit	AMAZON COM INC	$0	–	-66,165	–	-6.01%	–

Q3 2018

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON COM INC	$132,527,000	+31.5%	66,165	+11.6%	6.01%	+19.5%
CSX	Buy	CSX CORP	$101,158,000	+30.3%	1,366,079	+12.2%	4.59%	+18.4%
AAL	Buy	AMERICAN AIRLS GROUP INC	$96,765,000	+52.5%	2,341,296	+40.1%	4.39%	+38.6%
KR	Buy	KROGER CO	$72,825,000	+14.0%	2,501,690	+11.4%	3.30%	+3.6%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$65,675,000	+13.1%	4,401,742	+11.9%	2.98%	+2.8%
BID	Buy	SOTHEBYS	$51,943,000	+1.4%	1,055,960	+12.0%	2.36%	-7.9%
LAZ	Buy	LAZARD LTD	$50,717,000	+10.4%	1,053,758	+12.2%	2.30%	+0.3%
AMTD	Buy	TD AMERITRADE HLDG CORP	$48,527,000	+8.4%	918,561	+12.4%	2.20%	-1.4%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$46,369,000	+24.8%	142,286	+12.3%	2.10%	+13.5%
KSU	Buy	KANSAS CITY SOUTHERN	$42,276,000	+20.4%	373,195	+12.6%	1.92%	+9.4%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$41,567,000	+35.5%	941,272	+12.2%	1.89%	+23.1%
LEN	Buy	LENNAR CORPcl a	$38,939,000	+0.2%	833,995	+12.6%	1.77%	-9.0%
AIG	Buy	AMERICAN INTL GROUP INC	$37,499,000	+12.9%	704,352	+12.4%	1.70%	+2.5%
PYPL	Buy	PAYPAL HLDGS INC	$36,986,000	+34.9%	421,062	+27.9%	1.68%	+22.6%
EXP	Buy	EAGLE MATERIALS INC	$36,565,000	-9.0%	428,952	+12.1%	1.66%	-17.3%
CBRE	Buy	CBRE GROUP INCcl a	$34,923,000	+5.7%	791,888	+14.4%	1.58%	-3.9%
PCAR	Buy	PACCAR INC	$34,503,000	+41.5%	505,994	+28.5%	1.56%	+28.5%
ERI	Sell	ELDORADO RESORTS INC	$33,919,000	+21.7%	697,931	-2.1%	1.54%	+10.6%
IPG	Buy	INTERPUBLIC GROUP COS INC	$32,637,000	+9.2%	1,427,033	+11.9%	1.48%	-0.7%
MSFT	Sell	MICROSOFT CORP	$32,389,000	-17.0%	283,194	-28.4%	1.47%	-24.5%
IT	Buy	GARTNER INC	$30,883,000	+33.8%	194,846	+12.2%	1.40%	+21.6%
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$29,592,000	+6.8%	375,863	+12.8%	1.34%	-2.9%
BAC	Buy	BANK AMER CORP	$27,636,000	+18.3%	938,127	+13.2%	1.25%	+7.5%
LOW	New	LOWES COS INC	$27,184,000	–	236,755	–	1.23%	–
C	Buy	CITIGROUP INC	$26,575,000	+15.6%	370,456	+7.8%	1.21%	+5.1%
PFE	Sell	PFIZER INC	$26,185,000	-4.7%	594,165	-21.6%	1.19%	-13.4%
SSNC	Buy	SS&C TECHNOLOGIES HLDGS INC	$24,892,000	+59.9%	438,000	+46.0%	1.13%	+45.3%
SCI	New	SERVICE CORP INTL	$23,810,000	–	538,677	–	1.08%	–
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$23,568,000	+21.1%	432,656	+8.0%	1.07%	+10.0%
SKYW	Buy	SKYWEST INC	$23,560,000	+41.3%	400,000	+24.5%	1.07%	+28.3%
	Sell	CTRIP COM INTL LTDnote 1.000% 7/0	$23,418,000	-16.7%	23,750,000	-10.5%	1.06%	-24.3%
JNJ	Sell	JOHNSON & JOHNSON	$22,865,000	-15.1%	165,479	-25.4%	1.04%	-22.8%
SYF	Buy	SYNCHRONY FINL	$22,281,000	+5.2%	716,938	+13.0%	1.01%	-4.4%
	Buy	NXP SEMICONDUCTORS N Vnote 1.000%12/0	$22,293,000	+128.2%	21,400,000	+164.2%	1.01%	+107.2%
NSC	New	NORFOLK SOUTHERN CORP	$21,841,000	–	121,000	–	0.99%	–
CVCO	Sell	CAVCO INDS INC DEL	$21,263,000	-26.6%	84,045	-39.7%	0.96%	-33.3%
SHW	Buy	SHERWIN WILLIAMS CO	$21,201,000	+57.6%	46,574	+41.1%	0.96%	+43.2%
RF	Buy	REGIONS FINL CORP NEW	$20,643,000	+15.8%	1,124,884	+12.2%	0.94%	+5.3%
EXPD	Buy	EXPEDITORS INTL WASH INC	$20,006,000	+13.9%	272,080	+13.3%	0.91%	+3.5%
MRK	Sell	MERCK & CO INC	$19,670,000	-8.0%	277,280	-21.3%	0.89%	-16.5%
CPA	Buy	COPA HOLDINGS SAcl a	$19,305,000	-1.9%	241,798	+16.2%	0.88%	-10.9%
ANGI	Buy	ANGI HOMESERVICES INC	$19,250,000	+98.7%	819,828	+30.1%	0.87%	+80.4%
	New	ARES CAP CORPnote 3.750% 2/0	$18,248,000	–	18,000,000	–	0.83%	–
X	Buy	UNITED STATES STL CORP NEW	$17,828,000	+1.9%	584,856	+16.1%	0.81%	-7.4%
	New	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$17,786,000	–	16,700,000	–	0.81%	–
PANW	Buy	PALO ALTO NETWORKS INC	$17,345,000	+37.3%	77,000	+25.2%	0.79%	+24.7%
PENN	New	PENN NATL GAMING INC	$17,271,000	–	524,629	–	0.78%	–
BIDU	Buy	BAIDU INCspon adr rep a	$17,048,000	+12.7%	74,550	+19.8%	0.77%	+2.5%
LLY	Sell	LILLY ELI & CO	$16,865,000	-15.4%	157,153	-32.7%	0.76%	-23.1%
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$15,832,000	-48.6%	1,311,660	-57.2%	0.72%	-53.3%
CME	Buy	CME GROUP INC	$14,978,000	+30.5%	88,000	+25.7%	0.68%	+18.7%
LILAK	Buy	LIBERTY LATIN AMERICA LTD	$14,949,000	+51.0%	724,601	+41.8%	0.68%	+37.2%
	Sell	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$14,929,000	-6.2%	13,900,000	-4.8%	0.68%	-14.7%
CAAP	Sell	CORPORACION AMER ARPTS S A	$13,890,000	-6.1%	1,626,528	-7.2%	0.63%	-14.6%
	Buy	PRICELINE GRP INCnote 0.900% 9/1	$12,861,000	+246.5%	10,800,000	+248.4%	0.58%	+215.7%
LBTYK	Buy	LIBERTY GLOBAL PLC	$12,709,000	+14.1%	451,319	+7.8%	0.58%	+3.8%
LRCX	Buy	LAM RESEARCH CORP	$12,684,000	+56.1%	83,609	+77.9%	0.58%	+41.9%
	Sell	VIPSHOP HLDGS LTDnote 1.500% 3/1	$12,417,000	-5.9%	12,610,000	-5.6%	0.56%	-14.6%
FMX	Buy	FOMENTO ECONOMICO MEXICANO Sspon adr units	$11,966,000	+101.7%	120,910	+78.9%	0.54%	+83.4%
TTWO	Buy	TAKE-TWO INTERACTIVE SOFTWAR	$11,865,000	+82.3%	85,987	+56.3%	0.54%	+65.5%
COST	Buy	COSTCO WHSL CORP NEW	$11,619,000	+26.4%	49,468	+12.5%	0.53%	+14.8%
	Sell	AKAMAI TECHNOLOGIES INCdbcv 2/1	$10,602,000	-16.7%	10,650,000	-15.8%	0.48%	-24.4%
	Buy	CEMEX SAB DE CVnote 3.720% 3/1	$9,796,000	+353.7%	9,650,000	+348.8%	0.44%	+311.1%
EDU	New	NEW ORIENTAL ED & TECH GRP Ispon adr	$9,759,000	–	131,857	–	0.44%	–
EBAY	Buy	EBAY INC	$9,771,000	+2.2%	295,901	+12.2%	0.44%	-7.1%
	Sell	ILLUMINA INCnote 6/1	$9,063,000	-34.1%	6,250,000	-46.4%	0.41%	-40.2%
	Sell	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$8,941,000	-9.0%	7,300,000	-7.6%	0.41%	-17.3%
CTRP	Buy	CTRIP COM INTL LTD	$8,791,000	+45.3%	236,508	+86.2%	0.40%	+32.1%
	Sell	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$8,749,000	-7.1%	7,300,000	-9.9%	0.40%	-15.5%
GGAL	Buy	GRUPO FINANCIERO GALICIA S Asp adr 10 sh b	$8,659,000	-11.2%	340,500	+15.2%	0.39%	-19.3%
	Sell	NUVASIVE INCnote 2.250% 3/1	$8,051,000	-22.8%	6,300,000	-34.4%	0.36%	-29.9%
AGS	Sell	PLAYAGS INC	$8,034,000	+8.4%	272,600	-0.4%	0.36%	-1.4%
	Sell	TRANSOCEAN INCdeb 0.500% 1/3	$7,941,000	-1.0%	5,300,000	-5.4%	0.36%	-10.0%
HPQ	Sell	HP INC	$7,922,000	+10.3%	307,398	-2.8%	0.36%	+0.3%
	Sell	LIBERTY MEDIA CORP DELAWAREnote 1.000% 1/3	$7,617,000	-28.5%	6,600,000	-27.5%	0.35%	-35.0%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$7,115,000	-63.1%	33,000	-62.5%	0.32%	-66.4%
SUPV	Buy	GRUPO SUPERVIELLE S Asponsored adr	$7,046,000	-1.7%	918,671	+35.6%	0.32%	-10.6%
HBI	Buy	HANESBRANDS INC	$6,987,000	-3.6%	379,089	+15.2%	0.32%	-12.4%
	Sell	EXACT SCIENCES CORPdbcv 1.000% 1/1	$6,497,000	+11.6%	5,250,000	-4.5%	0.30%	+1.4%
BKR	Buy	BAKER HUGHES A GE COcl a	$6,391,000	+13.3%	188,960	+10.6%	0.29%	+2.8%
QRTEA	Buy	QURATE RETAIL INC	$6,081,000	+18.1%	273,751	+12.8%	0.28%	+7.4%
PLNT	Buy	PLANET FITNESS INCcl a	$5,997,000	+36.5%	111,000	+11.0%	0.27%	+24.2%
	New	AIR TRANSPORT SERVICES GRP Inote 1.125%10/1	$5,555,000	–	5,900,000	–	0.25%	–
PAM	Sell	PAMPA ENERGIA S Aspons adr lvl i	$5,490,000	-20.1%	176,793	-7.9%	0.25%	-27.4%
AMCX	Buy	AMC NETWORKS INCcl a	$5,320,000	+11.6%	80,177	+4.7%	0.24%	+1.3%
	Buy	LUMENTUM HLDGS INCnote 0.250% 3/1	$5,001,000	+15.9%	4,150,000	+13.7%	0.23%	+5.6%
	Sell	ON SEMICONDUCTOR CORPnote 1.000%12/0	$3,922,000	-23.5%	3,400,000	-12.8%	0.18%	-30.5%
CVS	Sell	CVS HEALTH CORP	$3,716,000	-50.7%	47,208	-59.7%	0.17%	-55.1%
	Sell	WRIGHT MED GROUP N Vnote 2.250%11/1	$3,371,000	-46.2%	2,325,000	-50.3%	0.15%	-51.1%
MELI	New	MERCADOLIBRE INC	$2,955,000	–	8,678	–	0.13%	–
DOV	Sell	DOVER CORP	$2,786,000	-51.5%	31,469	-59.9%	0.13%	-56.1%
GOLD	Sell	BARRICK GOLD CORP	$2,699,000	-44.4%	243,550	-34.1%	0.12%	-49.6%
WMT	Sell	WALMART INC	$2,374,000	-64.6%	25,272	-67.7%	0.11%	-67.8%
GG	Buy	GOLDCORP INC NEW	$2,328,000	+91.4%	228,264	+157.4%	0.11%	+73.8%
ABC	New	AMERISOURCEBERGEN CORP	$1,605,000	–	17,400	–	0.07%	–
MCK	New	MCKESSON CORP	$1,472,000	–	11,100	–	0.07%	–
TEO	Sell	TELECOM ARGENTINA S Aspon adr rep b	$795,000	-63.3%	45,662	-62.6%	0.04%	-66.7%
APY	Sell	APERGY CORP	$624,000	-61.9%	14,335	-63.5%	0.03%	-65.9%
SYMC	New	SYMANTEC CORPcall	$590,000	–	10,000	–	0.03%	–
GTE	New	GRAN TIERRA ENERGY INC	$594,000	–	120,741	–	0.03%	–
OMC	New	OMNICOM GROUP INCput	$354,000	–	3,000	–	0.02%	–
	Sell	WRIGHT MED GROUP INCnote 2.000% 2/1	$329,000	-94.1%	300,000	-94.4%	0.02%	-94.6%
	Sell	VIAVI SOLUTIONS INCnote 1.000% 3/0	$324,000	-93.9%	300,000	-94.3%	0.02%	-94.3%
GRAM	New	GRANA Y MONTERO S A Asponsored ads	$247,000	–	91,368	–	0.01%	–
	New	HERCULES CAPITAL INCdbcv 4.375% 2/0	$194,000	–	200,000	–	0.01%	–
	Exit	CIENA CORPnote 3.750%10/1	$0	–	-250,000	–	-0.02%	–
	Exit	ZILLOW GROUP INCnote 2.000%12/0	$0	–	-800,000	–	-0.05%	–
	Exit	NEUROCRINE BIOSCIENCES INCnote 2.250% 5/1	$0	–	-1,800,000	–	-0.13%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-55,338	–	-0.15%	–
	Exit	TWITTER INCnote 1.000% 9/1	$0	–	-5,000,000	–	-0.24%	–
	Exit	PRICELINE GRP INCnote 0.350% 6/1	$0	–	-3,400,000	–	-0.26%	–
LW	Exit	LAMB WESTON HLDGS INC	$0	–	-100,000	–	-0.34%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-125,000	–	-0.38%	–
WEN	Exit	WENDYS CO	$0	–	-499,500	–	-0.43%	–
	Exit	STARWOOD PPTY TR INCnote 4.000% 1/1	$0	–	-10,600,000	–	-0.58%	–
GLOB	Exit	GLOBANT S A	$0	–	-252,508	–	-0.72%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-222,000	–	-0.78%	–
	Exit	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$0	–	-10,600,000	–	-0.93%	–
	Exit	TESLA INCnote 0.250% 3/0	$0	–	-18,200,000	–	-1.00%	–
SGMS	Exit	SCIENTIFIC GAMES CORP	$0	–	-600,000	–	-1.47%	–

Q2 2018

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$100,798,000	–	59,300	–	5.03%	–
CSX	New	CSX CORP	$77,636,000	–	1,217,247	–	3.88%	–
KR	New	KROGER CO	$63,878,000	–	2,245,234	–	3.19%	–
AAL	New	AMERICAN AIRLS GROUP INC	$63,448,000	–	1,671,454	–	3.17%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$58,069,000	–	3,934,281	–	2.90%	–
BID	New	SOTHEBYS	$51,249,000	–	943,102	–	2.56%	–
LAZ	New	LAZARD LTD	$45,951,000	–	939,496	–	2.29%	–
AMTD	New	TD AMERITRADE HLDG CORP	$44,748,000	–	817,046	–	2.23%	–
EXP	New	EAGLE MATERIALS INC	$40,175,000	–	382,732	–	2.01%	–
MSFT	New	MICROSOFT CORP	$39,000,000	–	395,485	–	1.95%	–
LEN	New	LENNAR CORPcl a	$38,877,000	–	740,493	–	1.94%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$37,144,000	–	126,681	–	1.85%	–
KSU	New	KANSAS CITY SOUTHERN	$35,106,000	–	331,303	–	1.75%	–
AIG	New	AMERICAN INTL GROUP INC	$33,222,000	–	626,599	–	1.66%	–
CBRE	New	CBRE GROUP INCcl a	$33,046,000	–	692,216	–	1.65%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$30,773,000	–	3,068,117	–	1.54%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$30,683,000	–	839,251	–	1.53%	–
IPG	New	INTERPUBLIC GROUP COS INC	$29,893,000	–	1,275,281	–	1.49%	–
SGMS	New	SCIENTIFIC GAMES CORP	$29,490,000	–	600,000	–	1.47%	–
CVCO	New	CAVCO INDS INC DEL	$28,963,000	–	139,481	–	1.45%	–
	New	CTRIP COM INTL LTDnote 1.000% 7/0	$28,126,000	–	26,550,000	–	1.40%	–
ERI	New	ELDORADO RESORTS INC	$27,876,000	–	712,945	–	1.39%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$27,708,000	–	333,179	–	1.38%	–
PFE	New	PFIZER INC	$27,481,000	–	757,474	–	1.37%	–
PYPL	New	PAYPAL HLDGS INC	$27,415,000	–	329,236	–	1.37%	–
JNJ	New	JOHNSON & JOHNSON	$26,920,000	–	221,846	–	1.34%	–
PCAR	New	PACCAR INC	$24,392,000	–	393,664	–	1.22%	–
BAC	New	BANK AMER CORP	$23,355,000	–	828,507	–	1.17%	–
IT	New	GARTNER INC	$23,077,000	–	173,638	–	1.15%	–
C	New	CITIGROUP INC	$22,998,000	–	343,669	–	1.15%	–
MRK	New	MERCK & CO INC	$21,382,000	–	352,247	–	1.07%	–
SYF	New	SYNCHRONY FINL	$21,186,000	–	634,706	–	1.06%	–
	New	TESLA INCnote 0.250% 3/0	$20,098,000	–	18,200,000	–	1.00%	–
LLY	New	LILLY ELI & CO	$19,928,000	–	233,552	–	1.00%	–
CPA	New	COPA HOLDINGS SAcl a	$19,682,000	–	208,014	–	0.98%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$19,461,000	–	400,683	–	0.97%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$19,261,000	–	88,000	–	0.96%	–
	New	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$18,661,000	–	10,600,000	–	0.93%	–
RF	New	REGIONS FINL CORP NEW	$17,819,000	–	1,002,215	–	0.89%	–
EXPD	New	EXPEDITORS INTL WASH INC	$17,562,000	–	240,244	–	0.88%	–
X	New	UNITED STATES STL CORP NEW	$17,501,000	–	503,658	–	0.87%	–
SKYW	New	SKYWEST INC	$16,679,000	–	321,372	–	0.83%	–
	New	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$15,912,000	–	14,600,000	–	0.79%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$15,570,000	–	300,000	–	0.78%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$15,551,000	–	222,000	–	0.78%	–
BIDU	New	BAIDU INCspon adr rep a	$15,127,000	–	62,252	–	0.76%	–
CAAP	New	CORPORACION AMER ARPTS S A	$14,789,000	–	1,752,164	–	0.74%	–
GLOB	New	GLOBANT S A	$14,340,000	–	252,508	–	0.72%	–
	New	ILLUMINA INCnote 6/1	$13,754,000	–	11,650,000	–	0.69%	–
SHW	New	SHERWIN WILLIAMS CO	$13,450,000	–	33,000	–	0.67%	–
	New	VIPSHOP HLDGS LTDnote 1.500% 3/1	$13,190,000	–	13,360,000	–	0.66%	–
	New	AKAMAI TECHNOLOGIES INCdbcv 2/1	$12,729,000	–	12,650,000	–	0.64%	–
PANW	New	PALO ALTO NETWORKS INC	$12,636,000	–	61,500	–	0.63%	–
	New	STARWOOD PPTY TR INCnote 4.000% 1/1	$11,606,000	–	10,600,000	–	0.58%	–
	New	ENSCO JERSEY FIN LTDnote 3.000% 1/3	$11,532,000	–	12,400,000	–	0.58%	–
CME	New	CME GROUP INC	$11,474,000	–	70,000	–	0.57%	–
LBTYK	New	LIBERTY GLOBAL PLC	$11,142,000	–	418,684	–	0.56%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.000% 1/3	$10,648,000	–	9,100,000	–	0.53%	–
	New	NUVASIVE INCnote 2.250% 3/1	$10,428,000	–	9,600,000	–	0.52%	–
LILAK	New	LIBERTY LATIN AMERICA LTD	$9,902,000	–	510,963	–	0.49%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$9,825,000	–	7,900,000	–	0.49%	–
	New	NXP SEMICONDUCTORS N Vnote 1.000%12/0	$9,768,000	–	8,100,000	–	0.49%	–
GGAL	New	GRUPO FINANCIERO GALICIA S Asp adr 10 sh b	$9,749,000	–	295,595	–	0.49%	–
ANGI	New	ANGI HOMESERVICES INC	$9,689,000	–	630,000	–	0.48%	–
EBAY	New	EBAY INC	$9,563,000	–	263,699	–	0.48%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 1.500%10/1	$9,414,000	–	8,100,000	–	0.47%	–
	New	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$9,318,000	–	9,200,000	–	0.46%	–
	New	SYNAPTICS INCnote 0.500% 6/1	$9,199,000	–	9,350,000	–	0.46%	–
COST	New	COSTCO WHSL CORP NEW	$9,192,000	–	43,989	–	0.46%	–
	New	RTI INTL METALS INCnote 1.625%10/1	$9,091,000	–	9,050,000	–	0.45%	–
SO	New	SOUTHERN CO	$9,055,000	–	195,540	–	0.45%	–
PG	New	PROCTER AND GAMBLE CO	$8,601,000	–	110,188	–	0.43%	–
WEN	New	WENDYS CO	$8,581,000	–	499,500	–	0.43%	–
ED	New	CONSOLIDATED EDISON INC	$8,140,000	–	104,388	–	0.41%	–
LRCX	New	LAM RESEARCH CORP	$8,123,000	–	46,997	–	0.41%	–
	New	ARES CAP CORPnote 4.375% 1/1	$8,098,000	–	8,050,000	–	0.40%	–
	New	TRANSOCEAN INCdeb 0.500% 1/3	$8,018,000	–	5,600,000	–	0.40%	–
ETFC	New	E TRADE FINANCIAL CORP	$7,645,000	–	125,000	–	0.38%	–
CVS	New	CVS HEALTH CORP	$7,533,000	–	117,065	–	0.38%	–
AGS	New	PLAYAGS INC	$7,412,000	–	273,812	–	0.37%	–
HBI	New	HANESBRANDS INC	$7,247,000	–	329,127	–	0.36%	–
SUPV	New	GRUPO SUPERVIELLE S Asponsored adr	$7,167,000	–	677,286	–	0.36%	–
HPQ	New	HP INC	$7,179,000	–	316,381	–	0.36%	–
PAM	New	PAMPA ENERGIA S Aspons adr lvl i	$6,870,000	–	192,055	–	0.34%	–
BMA	New	BANCO MACRO SAspon adr b	$6,863,000	–	116,742	–	0.34%	–
LW	New	LAMB WESTON HLDGS INC	$6,851,000	–	100,000	–	0.34%	–
WMT	New	WALMART INC	$6,705,000	–	78,286	–	0.34%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$6,510,000	–	55,000	–	0.32%	–
	New	DYCOM INDS INCnote 0.750% 9/1	$6,435,000	–	5,500,000	–	0.32%	–
	New	WRIGHT MED GROUP N Vnote 2.250%11/1	$6,264,000	–	4,675,000	–	0.31%	–
PM	New	PHILIP MORRIS INTL INC	$6,084,000	–	75,357	–	0.30%	–
CTRP	New	CTRIP COM INTL LTD	$6,049,000	–	126,991	–	0.30%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$5,933,000	–	67,577	–	0.30%	–
	New	EXACT SCIENCES CORPdbcv 1.000% 1/1	$5,822,000	–	5,500,000	–	0.29%	–
DOV	New	DOVER CORP	$5,741,000	–	78,433	–	0.29%	–
BKR	New	BAKER HUGHES A GE COcl a	$5,640,000	–	170,796	–	0.28%	–
	New	WRIGHT MED GROUP INCnote 2.000% 2/1	$5,569,000	–	5,354,000	–	0.28%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$5,428,000	–	107,589	–	0.27%	–
	New	VIAVI SOLUTIONS INCnote 1.000% 3/0	$5,317,000	–	5,300,000	–	0.26%	–
	New	PRICELINE GRP INCnote 0.350% 6/1	$5,274,000	–	3,400,000	–	0.26%	–
QRTEA	New	QURATE RETAIL INC	$5,148,000	–	242,614	–	0.26%	–
	New	ON SEMICONDUCTOR CORPnote 1.000%12/0	$5,127,000	–	3,900,000	–	0.26%	–
CL	New	COLGATE PALMOLIVE CO	$5,106,000	–	78,779	–	0.26%	–
GOLD	New	BARRICK GOLD CORP	$4,856,000	–	369,850	–	0.24%	–
	New	DISH NETWORK CORPnote 3.375% 8/1	$4,839,000	–	5,000,000	–	0.24%	–
	New	TWITTER INCnote 1.000% 9/1	$4,851,000	–	5,000,000	–	0.24%	–
AMCX	New	AMC NETWORKS INCcl a	$4,766,000	–	76,596	–	0.24%	–
PLNT	New	PLANET FITNESS INCcl a	$4,394,000	–	100,000	–	0.22%	–
	New	LUMENTUM HLDGS INCnote 0.250% 3/1	$4,314,000	–	3,650,000	–	0.22%	–
	New	PRICELINE GRP INCnote 0.900% 9/1	$3,712,000	–	3,100,000	–	0.18%	–
TRIP	New	TRIPADVISOR INC	$3,083,000	–	55,338	–	0.15%	–
AR	New	ANTERO RES CORP	$2,957,000	–	138,483	–	0.15%	–
	New	NEUROCRINE BIOSCIENCES INCnote 2.250% 5/1	$2,620,000	–	1,800,000	–	0.13%	–
	New	CEMEX SAB DE CVnote 3.720% 3/1	$2,159,000	–	2,150,000	–	0.11%	–
TEO	New	TELECOM ARGENTINA S Aspon adr rep b	$2,166,000	–	122,100	–	0.11%	–
APY	New	APERGY CORP	$1,639,000	–	39,252	–	0.08%	–
GG	New	GOLDCORP INC NEW	$1,216,000	–	88,664	–	0.06%	–
	New	ZILLOW GROUP INCnote 2.000%12/0	$1,011,000	–	800,000	–	0.05%	–
	New	SINA CORPnote 1.000%12/0	$898,000	–	885,000	–	0.04%	–
	New	YAHOO INCnote 12/0	$684,000	–	500,000	–	0.03%	–
LENB	New	LENNAR CORPcl b	$511,000	–	11,959	–	0.03%	–
	New	STARWOOD PPTY TR INCnote 4.375% 4/0	$502,000	–	500,000	–	0.02%	–
	New	EURONET WORLDWIDE INCnote 1.500%10/0	$368,000	–	300,000	–	0.02%	–
	New	CIENA CORPnote 3.750%10/1	$331,000	–	250,000	–	0.02%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$244,000	–	22,500	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-21,000	–	-0.01%	–
	Exit	WRIGHT MED GROUP INCnote 2.000% 2/1	$0	–	-200,000	–	-0.01%	–
	Exit	CORNERSTONE ONDEMAND INCnote 1.500% 7/0	$0	–	-250,000	–	-0.01%	–
	Exit	CIENA CORPnote 3.750%10/1	$0	–	-250,000	–	-0.02%	–
	Exit	WORKDAY INCnote 0.750% 7/1	$0	–	-260,000	–	-0.02%	–
	Exit	LIVE NATION ENTERTAINMENT INdbcv 2.500% 5/1	$0	–	-270,000	–	-0.02%	–
	Exit	EURONET WORLDWIDE INCnote 1.500%10/0	$0	–	-300,000	–	-0.02%	–
ETFC	Exit	E TRADE FINANCIAL CORPcall	$0	–	-10,000	–	-0.04%	–
	Exit	STARWOOD PPTY TR INCnote 3.750%10/1	$0	–	-750,000	–	-0.04%	–
	Exit	51JOB INCnote 3.250% 4/1	$0	–	-700,000	–	-0.06%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-256,576	–	-0.06%	–
PSMT	Exit	PRICESMART INC	$0	–	-13,382	–	-0.07%	–
	Exit	MICRON TECHNOLOGY INCnote 3.000%11/1	$0	–	-900,000	–	-0.07%	–
T	Exit	AT&T INC	$0	–	-31,843	–	-0.07%	–
	Exit	SINA CORPnote 1.000%12/0	$0	–	-1,135,000	–	-0.07%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-32,864	–	-0.09%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-48,068	–	-0.11%	–
	Exit	ARES CAP CORPnote 4.750% 1/1	$0	–	-2,000,000	–	-0.11%	–
CZR	Exit	CAESARS ENTMT CORPcall	$0	–	-15,000	–	-0.12%	–
	Exit	ILLUMINA INCnote 6/1	$0	–	-2,300,000	–	-0.14%	–
	Exit	INTEL CORPsdcv 2.950%12/1	$0	–	-2,000,000	–	-0.16%	–
GLOB	Exit	GLOBANT S A	$0	–	-75,035	–	-0.17%	–
SUPV	Exit	GRUPO SUPERVIELLE S Asponsored adr	$0	–	-128,221	–	-0.18%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-54,224	–	-0.18%	–
	Exit	ARES CAP CORPnote 4.375% 1/1	$0	–	-3,100,000	–	-0.18%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-150,000	–	-0.19%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-173,679	–	-0.23%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-119,360	–	-0.24%	–
	Exit	PROOFPOINT INCdbcv 0.750% 6/1	$0	–	-3,500,000	–	-0.24%	–
	Exit	CYPRESS SEMICONDUCTOR CORPnote 4.500% 1/1	$0	–	-3,500,000	–	-0.26%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$0	–	-3,800,000	–	-0.26%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-88,000	–	-0.27%	–
	Exit	NUVASIVE INCnote 2.250% 3/1	$0	–	-4,350,000	–	-0.28%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-462,192	–	-0.28%	–
	Exit	INPHI CORPnote 1.125%12/0	$0	–	-4,500,000	–	-0.30%	–
	Exit	WRIGHT MED GROUP N Vnote 2.250%11/1	$0	–	-4,125,000	–	-0.31%	–
	Exit	RYLAND GROUP INCnote 1.625% 5/1	$0	–	-4,700,000	–	-0.31%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-34,231	–	-0.31%	–
	Exit	PRICELINE GRP INCnote 0.900% 9/1	$0	–	-5,000,000	–	-0.32%	–
HBI	Exit	HANESBRANDS INC	$0	–	-252,155	–	-0.35%	–
ANGI	Exit	ANGIES LIST INC	$0	–	-500,000	–	-0.35%	–
	Exit	LIBERTY INTERACTIVE LLCdeb 1.750% 9/3	$0	–	-5,400,000	–	-0.36%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-107,589	–	-0.37%	–
	Exit	BLACKHAWK NETWORK HLDGS INCnote 1.500% 1/1	$0	–	-6,100,000	–	-0.38%	–
CME	Exit	CME GROUP INC	$0	–	-55,000	–	-0.42%	–
	Exit	CEMEX SAB DE CVnote 3.750% 3/1	$0	–	-6,650,000	–	-0.42%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-125,000	–	-0.42%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-606,554	–	-0.43%	–
	Exit	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$0	–	-7,500,000	–	-0.44%	–
	Exit	WEATHERFORD INTL LTDnote 5.875% 7/0	$0	–	-7,250,000	–	-0.44%	–
	Exit	DYCOM INDS INCnote 0.750% 9/1	$0	–	-7,000,000	–	-0.44%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-75,357	–	-0.47%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-104,388	–	-0.47%	–
	Exit	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$0	–	-7,950,000	–	-0.47%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-150,000	–	-0.47%	–
CAA	Exit	CALATLANTIC GROUP INC	$0	–	-232,900	–	-0.48%	–
DOV	Exit	DOVER CORP	$0	–	-96,286	–	-0.49%	–
	Exit	PALO ALTO NETWORKS INCnote 7/0	$0	–	-6,750,000	–	-0.52%	–
MON	Exit	MONSANTO CO NEW	$0	–	-78,791	–	-0.53%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-80,808	–	-0.53%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-150,000	–	-0.53%	–
SO	Exit	SOUTHERN CO	$0	–	-195,540	–	-0.54%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-50,000	–	-0.56%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-250,000	–	-0.56%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-395,782	–	-0.57%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$0	–	-9,450,000	–	-0.59%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-222,000	–	-0.59%	–
PLNT	Exit	PLANET FITNESS INCcl a	$0	–	-400,000	–	-0.60%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-133,375	–	-0.60%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-331,638	–	-0.60%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-172,540	–	-0.62%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-185,114	–	-0.62%	–
PRGS	Exit	PROGRESS SOFTWARE CORP	$0	–	-300,000	–	-0.64%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-765,481	–	-0.65%	–
	Exit	INTEL CORPsdcv 3.250% 8/0	$0	–	-6,450,000	–	-0.66%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-70,681	–	-0.68%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-169,589	–	-0.69%	–
HD	Exit	HOME DEPOT INC	$0	–	-77,000	–	-0.70%	–
SKYW	Exit	SKYWEST INC	$0	–	-300,000	–	-0.73%	–
	Exit	JDS UNIPHASE CORPdbcv 0.625% 8/1	$0	–	-12,500,000	–	-0.73%	–
	Exit	ON SEMICONDUCTOR CORPnote 1.000%12/0	$0	–	-11,100,000	–	-0.74%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-320,920	–	-0.78%	–
HPQ	Exit	HP INC	$0	–	-703,835	–	-0.78%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-57,977	–	-0.80%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-493,601	–	-0.85%	–
BAC	Exit	BANK AMER CORP	$0	–	-612,550	–	-0.86%	–
	Exit	YAHOO INCnote 12/0	$0	–	-12,650,000	–	-0.92%	–
	Exit	CTRIP COM INTL LTDnote 1.000% 7/0	$0	–	-14,700,000	–	-0.93%	–
EBAY	Exit	EBAY INC	$0	–	-445,685	–	-0.96%	–
C	Exit	CITIGROUP INC	$0	–	-240,314	–	-0.97%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-163,875	–	-0.99%	–
	Exit	CITRIX SYS INCnote 0.500% 4/1	$0	–	-15,350,000	–	-0.99%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-338,264	–	-0.99%	–
PCAR	Exit	PACCAR INC	$0	–	-257,121	–	-1.04%	–
	Exit	VIPSHOP HLDGS LTDnote 1.500% 3/1	$0	–	-19,050,000	–	-1.05%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-358,295	–	-1.05%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-128,836	–	-1.06%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-313,600	–	-1.10%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-971,907	–	-1.13%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-537,321	–	-1.13%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-2,061,686	–	-1.15%	–
	Exit	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$0	–	-11,900,000	–	-1.16%	–
	Exit	FINISAR CORPnote 0.500%12/1	$0	–	-23,011,000	–	-1.34%	–
	Exit	HOLOGIC INCfrnt 12/1	$0	–	-19,900,000	–	-1.34%	–
	Exit	STARWOOD PPTY TR INCnote 4.550% 3/0	$0	–	-22,850,000	–	-1.34%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-643,105	–	-1.34%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-257,677	–	-1.40%	–
	Exit	TESLA INCnote 0.250% 3/0	$0	–	-22,950,000	–	-1.40%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-285,090	–	-1.44%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-338,056	–	-1.47%	–
KR	Exit	KROGER CO	$0	–	-1,404,343	–	-1.57%	–
ERI	Exit	ELDORADO RESORTS INC	$0	–	-1,100,000	–	-1.57%	–
IT	Exit	GARTNER INC	$0	–	-235,166	–	-1.63%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-488,065	–	-1.67%	–
BID	Exit	SOTHEBYS	$0	–	-657,256	–	-1.69%	–
LLY	Exit	LILLY ELI & CO	$0	–	-356,765	–	-1.70%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-636,693	–	-1.73%	–
	Exit	DISH NETWORK CORPnote 3.375% 8/1	$0	–	-27,850,000	–	-1.74%	–
LAZ	Exit	LAZARD LTD	$0	–	-719,072	–	-1.81%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-316,030	–	-1.88%	–
MRK	Exit	MERCK & CO INC	$0	–	-533,390	–	-1.90%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-97,378	–	-1.97%	–
PFE	Exit	PFIZER INC	$0	–	-1,122,522	–	-2.23%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-2,973,996	–	-2.31%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-336,806	–	-2.44%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-1,057,145	–	-2.80%	–
CSX	Exit	CSX CORP	$0	–	-936,500	–	-2.83%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-744,446	–	-3.09%	–
AMZN	Exit	AMAZON COM INC	$0	–	-62,775	–	-3.36%	–

Q3 2017

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$60,348,000	-19.1%	62,775	-18.6%	3.36%	-21.6%
MSFT	Sell	MICROSOFT CORP	$55,454,000	+2.6%	744,446	-5.1%	3.09%	-0.6%
CSX	Buy	CSX CORP	$50,815,000	+21.6%	936,500	+22.3%	2.83%	+17.8%
AAL	Buy	AMERICAN AIRLS GROUP INC	$50,204,000	+23.1%	1,057,145	+30.4%	2.80%	+19.2%
JNJ	Sell	JOHNSON & JOHNSON	$43,788,000	-20.6%	336,806	-19.2%	2.44%	-23.0%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$41,516,000	+26.5%	2,973,996	+22.5%	2.31%	+22.5%
PFE	Sell	PFIZER INC	$40,074,000	+5.9%	1,122,522	-0.4%	2.23%	+2.6%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$35,389,000	+31.9%	97,378	+22.3%	1.97%	+27.9%
MRK	Sell	MERCK & CO INC	$34,154,000	-0.3%	533,390	-0.2%	1.90%	-3.4%
EXP	Buy	EAGLE MATERIALS INC	$33,720,000	+42.5%	316,030	+23.4%	1.88%	+38.1%
LAZ	Buy	LAZARD LTD	$32,517,000	+19.7%	719,072	+22.6%	1.81%	+16.0%
	New	DISH NETWORK CORPnote 3.375% 8/1	$31,160,000	–	27,850,000	–	1.74%	–
AMTD	Buy	TD AMERITRADE HLDG CORP	$31,071,000	+69.1%	636,693	+48.9%	1.73%	+63.8%
LLY	Sell	LILLY ELI & CO	$30,518,000	-1.9%	356,765	-5.6%	1.70%	-5.0%
BID	Buy	SOTHEBYS	$30,306,000	+5.2%	657,256	+22.5%	1.69%	+1.9%
AIG	Buy	AMERICAN INTL GROUP INC	$29,962,000	+3.5%	488,065	+5.4%	1.67%	+0.2%
IT	Buy	GARTNER INC	$29,258,000	+22.7%	235,166	+21.8%	1.63%	+18.9%
ERI	Sell	ELDORADO RESORTS INC	$28,215,000	+22.7%	1,100,000	-4.3%	1.57%	+18.8%
KR	Buy	KROGER CO	$28,171,000	+53.8%	1,404,343	+78.8%	1.57%	+49.1%
WMT	Sell	WAL-MART STORES INC	$26,415,000	+2.1%	338,056	-1.1%	1.47%	-1.1%
PG	Sell	PROCTER AND GAMBLE CO	$25,938,000	-7.6%	285,090	-11.5%	1.44%	-10.5%
	Sell	TESLA INCnote 0.250% 3/0	$25,226,000	-6.0%	22,950,000	-2.1%	1.40%	-8.9%
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$25,083,000	+33.2%	257,677	+22.4%	1.40%	+29.0%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$24,148,000	+31.6%	643,105	+22.5%	1.34%	+27.5%
	Buy	STARWOOD PPTY TR INCnote 4.550% 3/0	$24,103,000	+1.4%	22,850,000	+4.6%	1.34%	-1.7%
	Buy	HOLOGIC INCfrnt 12/1	$24,089,000	+2.6%	19,900,000	+7.0%	1.34%	-0.7%
	Buy	FINISAR CORPnote 0.500%12/1	$23,989,000	+134.7%	23,011,000	+152.9%	1.34%	+127.4%
	Buy	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$20,736,000	+21.3%	11,900,000	+4.4%	1.16%	+17.5%
PBR	Buy	PETROLEO BRASILEIRO SA PETROsponsored adr	$20,699,000	+149.0%	2,061,686	+98.1%	1.15%	+141.2%
CBRE	Buy	CBRE GROUP INCcl a	$20,354,000	+27.8%	537,321	+22.8%	1.13%	+23.8%
IPG	Buy	INTERPUBLIC GROUP COS INC	$20,206,000	+3.5%	971,907	+22.5%	1.13%	+0.3%
EMR	Sell	EMERSON ELEC CO	$19,706,000	+0.9%	313,600	-4.3%	1.10%	-2.2%
CVCO	Buy	CAVCO INDS INC DEL	$19,011,000	+39.4%	128,836	+22.4%	1.06%	+35.1%
LEN	Buy	LENNAR CORPcl a	$18,919,000	+19.4%	358,295	+20.6%	1.05%	+15.7%
	Sell	VIPSHOP HLDGS LTDnote 1.500% 3/1	$18,820,000	-12.2%	19,050,000	-12.0%	1.05%	-14.9%
PCAR	Buy	PACCAR INC	$18,602,000	+34.5%	257,121	+22.8%	1.04%	+30.3%
CTRP	Buy	CTRIP COM INTL LTD	$17,840,000	+30.5%	338,264	+33.3%	0.99%	+26.5%
	Sell	CITRIX SYS INCnote 0.500% 4/1	$17,843,000	-24.6%	15,350,000	-21.7%	0.99%	-27.0%
KSU	Buy	KANSAS CITY SOUTHERN	$17,809,000	+27.0%	163,875	+22.3%	0.99%	+23.1%
C	Buy	CITIGROUP INC	$17,481,000	+33.4%	240,314	+22.6%	0.97%	+29.2%
EBAY	Sell	EBAY INC	$17,142,000	-30.8%	445,685	-37.2%	0.96%	-32.9%
	Buy	CTRIP COM INTL LTDnote 1.000% 7/0	$16,758,000	+52.3%	14,700,000	+53.9%	0.93%	+47.6%
	Sell	YAHOO INCnote 12/0	$16,445,000	-39.0%	12,650,000	-46.7%	0.92%	-40.9%
BAC	Buy	BANK AMER CORP	$15,521,000	+23.9%	612,550	+18.7%	0.86%	+20.1%
SYF	Buy	SYNCHRONY FINL	$15,327,000	+27.2%	493,601	+22.2%	0.85%	+23.2%
BIDU	New	BAIDU INCspon adr rep a	$14,360,000	–	57,977	–	0.80%	–
HPQ	Sell	HP INC	$14,049,000	+14.0%	703,835	-0.2%	0.78%	+10.4%
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$13,975,000	+50.6%	320,920	+20.5%	0.78%	+45.9%
	Sell	ON SEMICONDUCTOR CORPnote 1.000%12/0	$13,218,000	-3.7%	11,100,000	-15.3%	0.74%	-6.7%
	Buy	JDS UNIPHASE CORPdbcv 0.625% 8/1	$13,167,000	+28.1%	12,500,000	+34.4%	0.73%	+24.2%
SKYW	Buy	SKYWEST INC	$13,170,000	+127.7%	300,000	+82.1%	0.73%	+120.4%
HD	Sell	HOME DEPOT INC	$12,594,000	-6.7%	77,000	-12.5%	0.70%	-9.5%
CL	Sell	COLGATE PALMOLIVE CO	$12,355,000	-31.2%	169,589	-30.0%	0.69%	-33.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$12,207,000	-24.0%	70,681	-38.0%	0.68%	-26.4%
	Sell	INTEL CORPsdcv 3.250% 8/0	$11,867,000	+1.9%	6,450,000	-8.5%	0.66%	-1.3%
RF	Buy	REGIONS FINL CORP NEW	$11,658,000	+36.7%	765,481	+31.4%	0.65%	+32.4%
PRGS	New	PROGRESS SOFTWARE CORP	$11,451,000	–	300,000	–	0.64%	–
EXPD	Buy	EXPEDITORS INTL WASH INC	$11,082,000	+29.6%	185,114	+22.2%	0.62%	+25.4%
PYPL	Buy	PAYPAL HLDGS INC	$11,048,000	+43.6%	172,540	+20.4%	0.62%	+39.4%
LBTYK	Buy	LIBERTY GLOBAL PLC	$10,844,000	+27.1%	331,638	+21.2%	0.60%	+23.0%
CVS	Buy	CVS HEALTH CORP	$10,846,000	+3.2%	133,375	+2.1%	0.60%	0.0%
PLNT	Sell	PLANET FITNESS INCcl a	$10,792,000	-53.8%	400,000	-60.0%	0.60%	-55.2%
KAR	New	KAR AUCTION SVCS INC	$10,598,000	–	222,000	–	0.59%	–
	Buy	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$10,569,000	+34.1%	9,450,000	+33.1%	0.59%	+30.0%
X	Buy	UNITED STATES STL CORP NEW	$10,156,000	+41.1%	395,782	+21.7%	0.57%	+36.7%
SSNC	Sell	SS&C TECHNOLOGIES HLDGS INC	$10,038,000	-5.0%	250,000	-9.1%	0.56%	-7.9%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$9,973,000	-41.5%	50,000	-43.2%	0.56%	-43.3%
QSR	New	RESTAURANT BRANDS INTL INC	$9,582,000	–	150,000	–	0.53%	–
IAC	New	IAC INTERACTIVECORP	$9,501,000	–	80,808	–	0.53%	–
MON	Sell	MONSANTO CO NEW	$9,441,000	-26.1%	78,791	-27.0%	0.53%	-28.3%
	Sell	PALO ALTO NETWORKS INCnote 7/0	$9,290,000	-3.8%	6,750,000	-8.2%	0.52%	-6.7%
DOV	Sell	DOVER CORP	$8,800,000	+4.2%	96,286	-8.5%	0.49%	+0.8%
CAA	Buy	CALATLANTIC GROUP INC	$8,530,000	+26.5%	232,900	+22.1%	0.48%	+22.4%
BERY	Sell	BERRY GLOBAL GROUP INC	$8,498,000	-25.5%	150,000	-25.0%	0.47%	-27.9%
	New	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$8,453,000	–	7,950,000	–	0.47%	–
ED	Sell	CONSOLIDATED EDISON INC	$8,422,000	-16.0%	104,388	-15.9%	0.47%	-18.7%
PM	Sell	PHILIP MORRIS INTL INC	$8,365,000	-37.3%	75,357	-33.6%	0.47%	-39.2%
	Buy	DYCOM INDS INCnote 0.750% 9/1	$7,950,000	+35.6%	7,000,000	+40.0%	0.44%	+31.5%
	Buy	WEATHERFORD INTL LTDnote 5.875% 7/0	$7,912,000	+16.0%	7,250,000	+7.4%	0.44%	+12.5%
	Buy	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$7,924,000	+10.8%	7,500,000	+15.4%	0.44%	+7.3%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,758,000	+44.7%	606,554	+30.1%	0.43%	+40.3%
SIX	New	SIX FLAGS ENTMT CORP NEW	$7,618,000	–	125,000	–	0.42%	–
	Buy	CEMEX SAB DE CVnote 3.750% 3/1	$7,596,000	+41.3%	6,650,000	+47.8%	0.42%	+36.9%
	New	BLACKHAWK NETWORK HLDGS INCnote 1.500% 1/1	$6,849,000	–	6,100,000	–	0.38%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$6,719,000	–	107,589	–	0.37%	–
ANGI	New	ANGIES LIST INC	$6,230,000	–	500,000	–	0.35%	–
HBI	Buy	HANESBRANDS INC	$6,214,000	+29.9%	252,155	+22.1%	0.35%	+25.8%
	New	PRICELINE GRP INCnote 0.900% 9/1	$5,761,000	–	5,000,000	–	0.32%	–
COST	Buy	COSTCO WHSL CORP NEW	$5,623,000	+25.5%	34,231	+22.1%	0.31%	+21.3%
	Buy	WRIGHT MED GROUP N Vnote 2.250%11/1	$5,564,000	-1.8%	4,125,000	+3.1%	0.31%	-4.9%
	Sell	NUVASIVE INCnote 2.250% 3/1	$4,959,000	-33.2%	4,350,000	-18.7%	0.28%	-35.4%
LUV	Sell	SOUTHWEST AIRLS CO	$4,926,000	-60.4%	88,000	-56.0%	0.27%	-61.7%
	Sell	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$4,622,000	-60.8%	3,800,000	-62.0%	0.26%	-61.9%
	New	CYPRESS SEMICONDUCTOR CORPnote 4.500% 1/1	$4,577,000	–	3,500,000	–	0.26%	–
BKR	New	BAKER HUGHES A GE COcl a	$4,370,000	–	119,360	–	0.24%	–
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$4,094,000	+18.3%	173,679	+23.2%	0.23%	+14.6%
MTCH	New	MATCH GROUP INC	$3,479,000	–	150,000	–	0.19%	–
AMCX	Buy	AMC NETWORKS INCcl a	$3,171,000	+43.7%	54,224	+31.3%	0.18%	+39.4%
SUPV	New	GRUPO SUPERVIELLE S Asponsored adr	$3,166,000	–	128,221	–	0.18%	–
GLOB	Buy	GLOBANT S A	$3,007,000	+15.4%	75,035	+25.1%	0.17%	+12.0%
CZR	New	CAESARS ENTMT CORPcall	$2,175,000	–	15,000	–	0.12%	–
	Sell	ARES CAP CORPnote 4.750% 1/1	$2,013,000	-33.8%	2,000,000	-33.3%	0.11%	-36.0%
TRIP	Buy	TRIPADVISOR INC	$1,948,000	+25.0%	48,068	+17.9%	0.11%	+21.1%
	Sell	MICRON TECHNOLOGY INCnote 3.000%11/1	$1,244,000	-81.8%	900,000	-85.2%	0.07%	-82.4%
PSMT	New	PRICESMART INC	$1,194,000	–	13,382	–	0.07%	–
ODP	Buy	OFFICE DEPOT INC	$1,165,000	-17.0%	256,576	+3.1%	0.06%	-19.8%
	Sell	51JOB INCnote 3.250% 4/1	$1,034,000	-26.8%	700,000	-41.7%	0.06%	-28.4%
	Sell	STARWOOD PPTY TR INCnote 3.750%10/1	$750,000	-85.8%	750,000	-85.7%	0.04%	-86.2%
ETFC	New	E TRADE FINANCIAL CORPcall	$700,000	–	10,000	–	0.04%	–
	Sell	EURONET WORLDWIDE INCnote 1.500%10/0	$407,000	-36.4%	300,000	-40.0%	0.02%	-37.8%
	Sell	LIVE NATION ENTERTAINMENT INdbcv 2.500% 5/1	$354,000	-94.4%	270,000	-95.1%	0.02%	-94.5%
	New	CIENA CORPnote 3.750%10/1	$304,000	–	250,000	–	0.02%	–
	Sell	CORNERSTONE ONDEMAND INCnote 1.500% 7/0	$253,000	-95.6%	250,000	-95.7%	0.01%	-95.8%
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$185,000	–	21,000	–	0.01%	–
	Exit	TWITTER INCnote 1.000% 9/1	$0	–	-200,000	–	-0.01%	–
SWKS	Exit	SKYWORKS SOLUTIONS INCput	$0	–	-1,400	–	-0.02%	–
	Exit	STANDARD PAC CORP NEWnote 1.250% 8/0	$0	–	-500,000	–	-0.03%	–
HAWK	Exit	BLACKHAWK NETWORK HLDGS INC	$0	–	-16,180	–	-0.04%	–
	Exit	NEWMONT MINING CORPnote 1.625% 7/1	$0	–	-850,000	–	-0.05%	–
WBT	Exit	WELBILT INC	$0	–	-110,234	–	-0.12%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-20,226	–	-0.14%	–
	Exit	CTRIP COM INTL LTDnote 1.250%10/1	$0	–	-2,000,000	–	-0.16%	–
	Exit	PRICELINE GRP INCnote 0.350% 6/1	$0	–	-2,200,000	–	-0.19%	–
	Exit	SERVICENOW INCnote 11/0	$0	–	-2,300,000	–	-0.19%	–
FDX	Exit	FEDEX CORP	$0	–	-18,899	–	-0.24%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-95,932	–	-0.30%	–
	Exit	MACQUARIE INFRASTRUCTURE CORnote 2.875% 7/1	$0	–	-4,800,000	–	-0.31%	–
	Exit	WEBMD HEALTH CORPnote 1.500%12/0	$0	–	-4,765,000	–	-0.35%	–
FMC	Exit	F M C CORP	$0	–	-90,528	–	-0.38%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-108,783	–	-0.38%	–
MMM	Exit	3M CO	$0	–	-34,452	–	-0.41%	–
STKL	Exit	SUNOPTA INC	$0	–	-718,505	–	-0.42%	–
	Exit	RED HAT INCnote 0.250%10/0	$0	–	-5,300,000	–	-0.42%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-8,000	–	-0.43%	–
MAS	Exit	MASCO CORP	$0	–	-200,000	–	-0.44%	–
ORCL	Exit	ORACLE CORP	$0	–	-200,000	–	-0.58%	–
	Exit	SALESFORCE COM INCnote 0.250% 4/0	$0	–	-8,720,000	–	-0.66%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-333,000	–	-0.73%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-204,542	–	-0.76%	–
CZR	Exit	CAESARS ENTMT CORP	$0	–	-1,500,000	–	-1.04%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-111,000	–	-1.54%	–

Q2 2017

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$74,618,000	–	77,084	–	4.29%	–
JNJ	New	JOHNSON & JOHNSON	$55,116,000	–	416,635	–	3.17%	–
MSFT	New	MICROSOFT CORP	$54,065,000	–	784,372	–	3.11%	–
CSX	New	CSX CORP	$41,787,000	–	765,879	–	2.40%	–
AAL	New	AMERICAN AIRLS GROUP INC	$40,791,000	–	810,608	–	2.35%	–
PFE	New	PFIZER INC	$37,845,000	–	1,126,667	–	2.18%	–
MRK	New	MERCK & CO INC	$34,260,000	–	534,582	–	1.97%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$32,825,000	–	2,427,863	–	1.89%	–
LLY	New	LILLY ELI & CO	$31,116,000	–	378,073	–	1.79%	–
AIG	New	AMERICAN INTL GROUP INC	$28,954,000	–	463,120	–	1.66%	–
BID	New	SOTHEBYS	$28,798,000	–	536,601	–	1.66%	–
PG	New	PROCTER AND GAMBLE CO	$28,083,000	–	322,233	–	1.62%	–
LAZ	New	LAZARD LTD	$27,165,000	–	586,358	–	1.56%	–
	New	YAHOO INCnote 12/0	$26,937,000	–	23,750,000	–	1.55%	–
	New	TESLA INCnote 0.250% 3/0	$26,832,000	–	23,450,000	–	1.54%	–
MHK	New	MOHAWK INDS INC	$26,828,000	–	111,000	–	1.54%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$26,821,000	–	79,625	–	1.54%	–
WMT	New	WAL-MART STORES INC	$25,879,000	–	341,943	–	1.49%	–
EBAY	New	EBAY INC	$24,770,000	–	709,353	–	1.42%	–
IT	New	GARTNER INC	$23,846,000	–	193,073	–	1.37%	–
	New	STARWOOD PPTY TR INCnote 4.550% 3/0	$23,759,000	–	21,850,000	–	1.37%	–
	New	CITRIX SYS INCnote 0.500% 4/1	$23,670,000	–	19,600,000	–	1.36%	–
EXP	New	EAGLE MATERIALS INC	$23,664,000	–	256,044	–	1.36%	–
	New	HOLOGIC INCfrnt 12/1	$23,486,000	–	18,600,000	–	1.35%	–
PLNT	New	PLANET FITNESS INCcl a	$23,340,000	–	1,000,000	–	1.34%	–
ERI	New	ELDORADO RESORTS INC	$23,000,000	–	1,150,000	–	1.32%	–
	New	VIPSHOP HLDGS LTDnote 1.500% 3/1	$21,436,000	–	21,650,000	–	1.23%	–
EMR	New	EMERSON ELEC CO	$19,536,000	–	327,666	–	1.12%	–
IPG	New	INTERPUBLIC GROUP COS INC	$19,524,000	–	793,651	–	1.12%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$18,827,000	–	210,445	–	1.08%	–
AMTD	New	TD AMERITRADE HLDG CORP	$18,378,000	–	427,481	–	1.06%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$18,350,000	–	524,898	–	1.06%	–
KR	New	KROGER CO	$18,314,000	–	785,316	–	1.05%	–
CZR	New	CAESARS ENTMT CORP	$18,000,000	–	1,500,000	–	1.04%	–
CL	New	COLGATE PALMOLIVE CO	$17,954,000	–	242,185	–	1.03%	–
	New	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$17,092,000	–	11,400,000	–	0.98%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$17,048,000	–	88,000	–	0.98%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$16,072,000	–	114,066	–	0.92%	–
CBRE	New	CBRE GROUP INCcl a	$15,927,000	–	437,537	–	0.92%	–
LEN	New	LENNAR CORPcl a	$15,843,000	–	297,132	–	0.91%	–
KSU	New	KANSAS CITY SOUTHERN	$14,024,000	–	134,005	–	0.81%	–
PCAR	New	PACCAR INC	$13,828,000	–	209,390	–	0.80%	–
	New	ON SEMICONDUCTOR CORPnote 1.000%12/0	$13,727,000	–	13,100,000	–	0.79%	–
CTRP	New	CTRIP COM INTL LTD	$13,666,000	–	253,725	–	0.79%	–
CVCO	New	CAVCO INDS INC DEL	$13,642,000	–	105,220	–	0.78%	–
HD	New	HOME DEPOT INC	$13,499,000	–	88,000	–	0.78%	–
PM	New	PHILIP MORRIS INTL INC	$13,337,000	–	113,557	–	0.77%	–
RAI	New	REYNOLDS AMERICAN INC	$13,303,000	–	204,542	–	0.76%	–
C	New	CITIGROUP INC	$13,109,000	–	196,012	–	0.75%	–
MON	New	MONSANTO CO NEW	$12,773,000	–	107,909	–	0.73%	–
ETFC	New	E TRADE FINANCIAL CORP	$12,664,000	–	333,000	–	0.73%	–
BAC	New	BANK AMER CORP	$12,524,000	–	516,251	–	0.72%	–
LUV	New	SOUTHWEST AIRLS CO	$12,428,000	–	200,000	–	0.72%	–
HPQ	New	HP INC	$12,323,000	–	704,932	–	0.71%	–
SYF	New	SYNCHRONY FINL	$12,047,000	–	403,946	–	0.69%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$11,776,000	–	10,000,000	–	0.68%	–
	New	INTEL CORPsdcv 3.250% 8/0	$11,643,000	–	7,050,000	–	0.67%	–
	New	SALESFORCE COM INCnote 0.250% 4/0	$11,560,000	–	8,720,000	–	0.66%	–
BERY	New	BERRY GLOBAL GROUP INC	$11,402,000	–	200,000	–	0.66%	–
	New	CTRIP COM INTL LTDnote 1.000% 7/0	$11,001,000	–	9,550,000	–	0.63%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$10,563,000	–	275,000	–	0.61%	–
CVS	New	CVS HEALTH CORP	$10,512,000	–	130,654	–	0.60%	–
	New	JDS UNIPHASE CORPdbcv 0.625% 8/1	$10,278,000	–	9,300,000	–	0.59%	–
	New	FINISAR CORPnote 0.500%12/1	$10,220,000	–	9,100,000	–	0.59%	–
ED	New	CONSOLIDATED EDISON INC	$10,029,000	–	124,088	–	0.58%	–
ORCL	New	ORACLE CORP	$10,028,000	–	200,000	–	0.58%	–
	New	PALO ALTO NETWORKS INCnote 7/0	$9,652,000	–	7,350,000	–	0.56%	–
SO	New	SOUTHERN CO	$9,362,000	–	195,540	–	0.54%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$9,279,000	–	266,269	–	0.53%	–
EXPD	New	EXPEDITORS INTL WASH INC	$8,553,000	–	151,431	–	0.49%	–
RF	New	REGIONS FINL CORP NEW	$8,530,000	–	582,676	–	0.49%	–
LBTYK	New	LIBERTY GLOBAL PLC	$8,535,000	–	273,688	–	0.49%	–
DOV	New	DOVER CORP	$8,445,000	–	105,276	–	0.49%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$8,314,000	–	1,040,528	–	0.48%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$7,879,000	–	7,100,000	–	0.45%	–
PYPL	New	PAYPAL HLDGS INC	$7,691,000	–	143,306	–	0.44%	–
MAS	New	MASCO CORP	$7,642,000	–	200,000	–	0.44%	–
GOOGL	New	ALPHABET INCcap stk cl a	$7,437,000	–	8,000	–	0.43%	–
	New	NUVASIVE INCnote 2.250% 3/1	$7,422,000	–	5,350,000	–	0.43%	–
	New	RED HAT INCnote 0.250%10/0	$7,381,000	–	5,300,000	–	0.42%	–
STKL	New	SUNOPTA INC	$7,329,000	–	718,505	–	0.42%	–
X	New	UNITED STATES STL CORP NEW	$7,200,000	–	325,205	–	0.41%	–
MMM	New	3M CO	$7,172,000	–	34,452	–	0.41%	–
	New	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$7,154,000	–	6,500,000	–	0.41%	–
CME	New	CME GROUP INC	$6,888,000	–	55,000	–	0.40%	–
	New	MICRON TECHNOLOGY INCnote 3.000%11/1	$6,838,000	–	6,100,000	–	0.39%	–
	New	WEATHERFORD INTL LTDnote 5.875% 7/0	$6,819,000	–	6,750,000	–	0.39%	–
CAA	New	CALATLANTIC GROUP INC	$6,743,000	–	190,748	–	0.39%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$6,663,000	–	108,783	–	0.38%	–
FMC	New	F M C CORP	$6,613,000	–	90,528	–	0.38%	–
	New	LIVE NATION ENTERTAINMENT INdbcv 2.500% 5/1	$6,285,000	–	5,500,000	–	0.36%	–
	New	LIBERTY INTERACTIVE LLCdeb 1.750% 9/3	$6,160,000	–	5,400,000	–	0.35%	–
	New	WEBMD HEALTH CORPnote 1.500%12/0	$6,054,000	–	4,765,000	–	0.35%	–
	New	DYCOM INDS INCnote 0.750% 9/1	$5,863,000	–	5,000,000	–	0.34%	–
SKYW	New	SKYWEST INC	$5,784,000	–	164,789	–	0.33%	–
	New	CORNERSTONE ONDEMAND INCnote 1.500% 7/0	$5,780,000	–	5,750,000	–	0.33%	–
	New	WRIGHT MED GROUP N Vnote 2.250%11/1	$5,666,000	–	4,000,000	–	0.33%	–
	New	RYLAND GROUP INCnote 1.625% 5/1	$5,526,000	–	4,700,000	–	0.32%	–
	New	CEMEX SAB DE CVnote 3.750% 3/1	$5,374,000	–	4,500,000	–	0.31%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$5,363,000	–	466,324	–	0.31%	–
	New	MACQUARIE INFRASTRUCTURE CORnote 2.875% 7/1	$5,318,000	–	4,800,000	–	0.31%	–
	New	STARWOOD PPTY TR INCnote 3.750%10/1	$5,278,000	–	5,250,000	–	0.30%	–
BHI	New	BAKER HUGHES INC	$5,230,000	–	95,932	–	0.30%	–
GG	New	GOLDCORP INC NEW	$5,223,000	–	462,192	–	0.30%	–
	New	INPHI CORPnote 1.125%12/0	$5,040,000	–	4,500,000	–	0.29%	–
HBI	New	HANESBRANDS INC	$4,785,000	–	206,593	–	0.28%	–
COST	New	COSTCO WHSL CORP NEW	$4,482,000	–	28,024	–	0.26%	–
	New	PROOFPOINT INCdbcv 0.750% 6/1	$4,360,000	–	3,500,000	–	0.25%	–
FDX	New	FEDEX CORP	$4,107,000	–	18,899	–	0.24%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$3,460,000	–	140,929	–	0.20%	–
	New	SERVICENOW INCnote 11/0	$3,369,000	–	2,300,000	–	0.19%	–
	New	PRICELINE GRP INCnote 0.350% 6/1	$3,234,000	–	2,200,000	–	0.19%	–
	New	ARES CAP CORPnote 4.375% 1/1	$3,197,000	–	3,100,000	–	0.18%	–
	New	ARES CAP CORPnote 4.750% 1/1	$3,043,000	–	3,000,000	–	0.18%	–
	New	CTRIP COM INTL LTDnote 1.250%10/1	$2,832,000	–	2,000,000	–	0.16%	–
	New	INTEL CORP SDCV12/1	$2,612,000	–	2,000,000	–	0.15%	–
GLOB	New	GLOBANT S A	$2,605,000	–	59,966	–	0.15%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,462,000	–	20,226	–	0.14%	–
	New	ILLUMINA INCnote 6/1	$2,337,000	–	2,300,000	–	0.13%	–
AMCX	New	AMC NETWORKS INCcl a	$2,207,000	–	41,311	–	0.13%	–
WBT	New	WELBILT INC	$2,078,000	–	110,234	–	0.12%	–
TRIP	New	TRIPADVISOR INC	$1,558,000	–	40,764	–	0.09%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,468,000	–	32,864	–	0.08%	–
	New	51JOB INCnote 3.250% 4/1	$1,412,000	–	1,200,000	–	0.08%	–
ODP	New	OFFICE DEPOT INC	$1,403,000	–	248,756	–	0.08%	–
T	New	AT&T INC	$1,201,000	–	31,843	–	0.07%	–
	New	SINA CORPnote 1.000%12/0	$1,192,000	–	1,135,000	–	0.07%	–
	New	NEWMONT MINING CORPnote 1.625% 7/1	$852,000	–	850,000	–	0.05%	–
HAWK	New	BLACKHAWK NETWORK HLDGS INC	$705,000	–	16,180	–	0.04%	–
	New	EURONET WORLDWIDE INCnote 1.500%10/0	$640,000	–	500,000	–	0.04%	–
	New	STANDARD PAC CORP NEWnote 1.250% 8/0	$501,000	–	500,000	–	0.03%	–
	New	WORKDAY INCnote 0.750% 7/1	$321,000	–	260,000	–	0.02%	–
SWKS	New	SKYWORKS SOLUTIONS INCput	$262,000	–	1,400	–	0.02%	–
	New	WRIGHT MED GROUP INCnote 2.000% 2/1	$223,000	–	200,000	–	0.01%	–
	New	TWITTER INCnote 1.000% 9/1	$183,000	–	200,000	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
	Exit	WORKDAY INCnote 1.500% 7/1	$0	–	-200,000	–	-0.02%	–
IBB	Exit	ISHARES TRnasdq biotec etf	$0	–	-1,150	–	-0.02%	–
	Exit	TOLL BROS FIN CORPnote 0.500% 9/1	$0	–	-400,000	–	-0.02%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-138,143	–	-0.03%	–
STX	Exit	SEAGATE TECHNOLOGY PLCcall	$0	–	-3,000	–	-0.03%	–
PSMT	Exit	PRICESMART INC	$0	–	-6,860	–	-0.04%	–
TAP	Exit	MOLSON COORS BREWING COcall	$0	–	-4,400	–	-0.04%	–
MFS	Exit	MANITOWOC FOODSERVICE INC	$0	–	-58,212	–	-0.06%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-19,093	–	-0.06%	–
	Exit	NEWMONT MINING CORPnote 1.625% 7/1	$0	–	-1,000,000	–	-0.07%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-59,135	–	-0.07%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-19,777	–	-0.08%	–
	Exit	51JOB INCnote 3.250% 4/1	$0	–	-1,200,000	–	-0.08%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-164,229	–	-0.08%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-7,663	–	-0.09%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-102,308	–	-0.09%	–
APFH	Exit	ADVANCEPIERRE FOODS HLDGS IN	$0	–	-52,620	–	-0.09%	–
	Exit	VIPSHOP HLDGS LTDnote 1.500% 3/1	$0	–	-1,400,000	–	-0.09%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-133,692	–	-0.12%	–
SWFT	Exit	SWIFT TRANSN COcl a	$0	–	-100,103	–	-0.13%	–
WEX	Exit	WEX INC	$0	–	-19,887	–	-0.13%	–
HBI	Exit	HANESBRANDS INC	$0	–	-89,883	–	-0.14%	–
EBAY	Exit	EBAY INC	$0	–	-68,503	–	-0.14%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-45,689	–	-0.14%	–
	Exit	ILLUMINA INCnote 6/1	$0	–	-2,300,000	–	-0.14%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-61,717	–	-0.15%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-256,795	–	-0.16%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-272,337	–	-0.16%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-24,692	–	-0.16%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-143,691	–	-0.16%	–
CAA	Exit	CALATLANTIC GROUP INC	$0	–	-85,092	–	-0.17%	–
BAC	Exit	BANK AMER CORP	$0	–	-185,006	–	-0.18%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-112,287	–	-0.18%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-64,920	–	-0.18%	–
TTM	Exit	TATA MTRS LTDsponsored adr	$0	–	-81,253	–	-0.20%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-32,788	–	-0.20%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-118,758	–	-0.20%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-66,520	–	-0.21%	–
	Exit	DEPOMED INCnote 2.500% 9/0	$0	–	-2,500,000	–	-0.21%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-24,377	–	-0.23%	–
	Exit	HOLOGIC INCdebt 2.000% 3/0	$0	–	-2,800,000	–	-0.23%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-117,322	–	-0.24%	–
C	Exit	CITIGROUP INC	$0	–	-86,057	–	-0.25%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-158,111	–	-0.25%	–
KR	Exit	KROGER CO	$0	–	-153,432	–	-0.28%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-177,304	–	-0.30%	–
	Exit	MICRON TECHNOLOGY INCnote 2.125% 2/1	$0	–	-2,900,000	–	-0.31%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-38,908	–	-0.32%	–
	Exit	ELECTRONICS FOR IMAGING INCnote 0.750% 9/0	$0	–	-4,840,000	–	-0.33%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-192,483	–	-0.33%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-55,596	–	-0.33%	–
PCAR	Exit	PACCAR INC	$0	–	-91,962	–	-0.33%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-125,344	–	-0.33%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-104,664	–	-0.33%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-59,020	–	-0.34%	–
MON	Exit	MONSANTO CO NEW	$0	–	-53,934	–	-0.34%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-131,966	–	-0.34%	–
	Exit	IRONWOOD PHARMACEUTICALS INCdbcv 2.250% 6/1	$0	–	-5,000,000	–	-0.37%	–
MGP	Exit	MGM GROWTH PPTYS LLC	$0	–	-233,718	–	-0.37%	–
	Exit	WRIGHT MED GROUP INCnote 2.000% 2/1	$0	–	-5,900,000	–	-0.39%	–
	Exit	AIR LEASE CORPnote 3.875%12/0	$0	–	-5,150,000	–	-0.39%	–
AAPL	Exit	APPLE INC	$0	–	-57,011	–	-0.39%	–
SPB	Exit	SPECTRUM BRANDS HLDGS INC	$0	–	-47,181	–	-0.40%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-291,220	–	-0.40%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-189,464	–	-0.41%	–
	Exit	PALO ALTO NETWORKS INCnote 7/0	$0	–	-4,600,000	–	-0.42%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-41,400	–	-0.42%	–
	Exit	ON SEMICONDUCTOR CORPnote 1.000%12/0	$0	–	-7,000,000	–	-0.43%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-231,074	–	-0.43%	–
IT	Exit	GARTNER INC	$0	–	-85,167	–	-0.46%	–
RH	Exit	RESTORATION HARDWARE HLDGS I	$0	–	-219,221	–	-0.46%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-147,641	–	-0.47%	–
	Exit	TRINITY INDS INCnote 3.875% 6/0	$0	–	-6,500,000	–	-0.48%	–
	Exit	FIREEYE INCnote 1.000% 6/0	$0	–	-8,600,000	–	-0.49%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-39,731	–	-0.49%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-143,411	–	-0.49%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$0	–	-7,000,000	–	-0.52%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-31,184	–	-0.53%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-105,837	–	-0.54%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-115,182	–	-0.54%	–
	Exit	PRICELINE GRP INCnote 0.350% 6/1	$0	–	-7,000,000	–	-0.55%	–
BID	Exit	SOTHEBYS	$0	–	-238,544	–	-0.55%	–
	Exit	LIBERTY INTERACTIVE LLCdeb 1.750% 9/3	$0	–	-8,650,000	–	-0.56%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-124,088	–	-0.57%	–
LAZ	Exit	LAZARD LTD	$0	–	-257,066	–	-0.57%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-204,542	–	-0.59%	–
	Exit	LIVE NATION ENTERTAINMENT INdbcv 2.500% 5/1	$0	–	-9,050,000	–	-0.60%	–
	Exit	DYCOM INDS INCnote 0.750% 9/1	$0	–	-9,000,000	–	-0.60%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NE	$0	–	-557,645	–	-0.61%	–
	Exit	TESLA MTRS INCnote 0.250% 3/0	$0	–	-11,100,000	–	-0.61%	–
SO	Exit	SOUTHERN CO	$0	–	-195,540	–	-0.61%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-1,060,612	–	-0.64%	–
	Exit	WEATHERFORD INTL LTDnote 5.875% 7/0	$0	–	-9,500,000	–	-0.65%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-130,601	–	-0.66%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-113,557	–	-0.67%	–
	Exit	ARES CAP CORPnote 4.375% 1/1	$0	–	-10,700,000	–	-0.68%	–
	Exit	RED HAT INCnote 0.250%10/0	$0	–	-9,100,000	–	-0.70%	–
HPQ	Exit	HP INC	$0	–	-749,085	–	-0.71%	–
	Exit	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$0	–	-11,600,000	–	-0.72%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-207,443	–	-0.75%	–
CSX	Exit	CSX CORP	$0	–	-404,370	–	-0.75%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-573,555	–	-0.80%	–
	Exit	ON SEMICONDUCTOR CORPnote 2.625%12/1	$0	–	-11,000,000	–	-0.80%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-263,094	–	-0.80%	–
	Exit	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$0	–	-13,000,000	–	-0.81%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-362,872	–	-0.81%	–
JWN	Exit	NORDSTROM INC	$0	–	-261,990	–	-0.83%	–
GRUB	Exit	GRUBHUB INC	$0	–	-316,163	–	-0.83%	–
	Exit	SERVICENOW INCnote 11/0	$0	–	-11,550,000	–	-0.86%	–
	Exit	CEMEX SAB DE CVnote 3.750% 3/1	$0	–	-12,900,000	–	-0.88%	–
CIEN	Exit	CIENA CORP	$0	–	-654,915	–	-0.89%	–
	Exit	STANDARD PAC CORP NEWnote 1.250% 8/0	$0	–	-14,000,000	–	-0.89%	–
	Exit	CTRIP COM INTL LTDnote 1.000% 7/0	$0	–	-13,900,000	–	-0.92%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-170,637	–	-0.93%	–
T	Exit	AT&T INC	$0	–	-380,772	–	-0.94%	–
	Exit	STARWOOD PPTY TR INCnote 3.750%10/1	$0	–	-15,050,000	–	-0.95%	–
GLW	Exit	CORNING INC	$0	–	-660,299	–	-0.95%	–
CME	Exit	CME GROUP INC	$0	–	-156,777	–	-1.00%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-379,622	–	-1.02%	–
	Exit	SALESFORCE COM INCnote 0.250% 4/0	$0	–	-14,150,000	–	-1.03%	–
DOV	Exit	DOVER CORP	$0	–	-249,551	–	-1.12%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-68,796	–	-1.13%	–
	Exit	TWITTER INCnote 1.000% 9/1	$0	–	-20,100,000	–	-1.16%	–
	Exit	ARES CAP CORPnote 4.750% 1/1	$0	–	-18,900,000	–	-1.20%	–
	Exit	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$0	–	-15,800,000	–	-1.24%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$0	–	-19,359,000	–	-1.24%	–
	Exit	STARWOOD PPTY TR INCnote 4.550% 3/0	$0	–	-18,500,000	–	-1.24%	–
	Exit	CITRIX SYS INCnote 0.500% 4/1	$0	–	-20,450,000	–	-1.41%	–
MMM	Exit	3M CO	$0	–	-131,790	–	-1.42%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-318,564	–	-1.44%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-454,215	–	-1.51%	–
	Exit	NXP SEMICONDUCTORS N Vdbcv 1.000%12/0	$0	–	-21,750,000	–	-1.58%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-372,914	–	-1.64%	–
	Exit	HOLOGIC INCfrnt 12/1	$0	–	-22,000,000	–	-1.66%	–
	Exit	INTEL CORP SDCV12/1	$0	–	-20,500,000	–	-1.73%	–
	Exit	BROCADE COMMUNICATIONS SYS Inote 1.375% 1/0	$0	–	-30,700,000	–	-1.86%	–
RRR	Exit	RED ROCK RESORTS INCcl a	$0	–	-1,329,315	–	-1.91%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-456,580	–	-2.50%	–
PFE	Exit	PFIZER INC	$0	–	-1,664,188	–	-3.44%	–
LLY	Exit	LILLY ELI & CO	$0	–	-712,392	–	-3.49%	–
AMZN	Exit	AMAZON COM INC	$0	–	-71,332	–	-3.65%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-539,963	–	-3.89%	–
MRK	Exit	MERCK & CO INC	$0	–	-1,046,570	–	-3.99%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,156,452	–	-4.07%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$66,611,000	+16.5%	1,156,452	+3.5%	4.07%	+12.0%
MRK	Sell	MERCK & CO INC	$65,316,000	+3.8%	1,046,570	-4.2%	3.99%	-0.2%
JNJ	Buy	JOHNSON & JOHNSON	$63,785,000	+0.7%	539,963	+3.4%	3.89%	-3.2%
AMZN	Buy	AMAZON COM INC	$59,727,000	+35.3%	71,332	+15.6%	3.65%	+30.1%
LLY	Buy	LILLY ELI & CO	$57,176,000	+5.7%	712,392	+3.7%	3.49%	+1.6%
PFE	Sell	PFIZER INC	$56,365,000	-8.6%	1,664,188	-5.0%	3.44%	-12.1%
PG	Sell	PROCTER AND GAMBLE CO	$40,978,000	+4.7%	456,580	-1.2%	2.50%	+0.6%
RRR	Buy	RED ROCK RESORTS INCcl a	$31,359,000	+25.7%	1,329,315	+17.1%	1.91%	+20.8%
	Buy	BROCADE COMMUNICATIONS SYS Inote 1.375% 1/0	$30,480,000	+8.5%	30,700,000	+7.7%	1.86%	+4.3%
	Sell	INTEL CORP SDCV12/1	$28,321,000	-0.5%	20,500,000	-6.8%	1.73%	-4.4%
	Buy	HOLOGIC INCfrnt 12/1	$27,164,000	+10.2%	22,000,000	+8.4%	1.66%	+5.9%
WMT	Buy	WAL-MART STORES INC	$26,896,000	+0.4%	372,914	+1.7%	1.64%	-3.5%
	Sell	NXP SEMICONDUCTORS N Vdbcv 1.000%12/0	$25,828,000	-14.7%	21,750,000	-22.0%	1.58%	-18.0%
EMR	Buy	EMERSON ELEC CO	$24,760,000	+12.1%	454,215	+7.3%	1.51%	+7.7%
CL	Buy	COLGATE PALMOLIVE CO	$23,618,000	+11.8%	318,564	+10.4%	1.44%	+7.5%
MMM	Buy	3M CO	$23,226,000	+11.2%	131,790	+10.5%	1.42%	+6.9%
	Sell	CITRIX SYS INCnote 0.500% 4/1	$23,107,000	-18.3%	20,450,000	-19.3%	1.41%	-21.5%
	Sell	STARWOOD PPTY TR INCnote 4.550% 3/0	$20,326,000	-26.2%	18,500,000	-30.2%	1.24%	-29.0%
	Sell	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$20,278,000	-7.3%	19,359,000	-12.0%	1.24%	-10.9%
	Sell	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$20,228,000	-4.0%	15,800,000	-16.8%	1.24%	-7.7%
	Buy	ARES CAP CORPnote 4.750% 1/1	$19,576,000	+31.0%	18,900,000	+31.2%	1.20%	+25.9%
	Sell	TWITTER INCnote 1.000% 9/1	$18,939,000	+4.0%	20,100,000	-1.5%	1.16%	0.0%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$18,572,000	+87.5%	68,796	+58.8%	1.13%	+80.3%
DOV	Buy	DOVER CORP	$18,377,000	+17.0%	249,551	+10.1%	1.12%	+12.5%
	Buy	SALESFORCE COM INCnote 0.250% 4/0	$16,925,000	+7.6%	14,150,000	+16.5%	1.03%	+3.4%
DVN	New	DEVON ENERGY CORP NEW	$16,745,000	–	379,622	–	1.02%	–
CME	Sell	CME GROUP INC	$16,386,000	-14.4%	156,777	-20.3%	1.00%	-17.8%
GLW	New	CORNING INC	$15,616,000	–	660,299	–	0.95%	–
	Buy	STARWOOD PPTY TR INCnote 3.750%10/1	$15,568,000	+55.4%	15,050,000	+51.3%	0.95%	+49.4%
T	Sell	AT&T INC	$15,462,000	-33.3%	380,772	-29.1%	0.94%	-35.9%
CVS	Buy	CVS HEALTH CORP	$15,185,000	+11.7%	170,637	+20.2%	0.93%	+7.4%
	Sell	CTRIP COM INTL LTDnote 1.000% 7/0	$15,129,000	-24.7%	13,900,000	-26.8%	0.92%	-27.6%
	Buy	STANDARD PAC CORP NEWnote 1.250% 8/0	$14,639,000	+4.8%	14,000,000	+7.7%	0.89%	+0.8%
CIEN	Buy	CIENA CORP	$14,515,000	+110.7%	654,915	+90.3%	0.89%	+102.3%
	Sell	CEMEX SAB DE CVnote 3.750% 3/1	$14,494,000	+4.3%	12,900,000	-4.4%	0.88%	+0.2%
	Sell	SERVICENOW INCnote 11/0	$14,096,000	+7.8%	11,550,000	-1.7%	0.86%	+3.6%
GRUB	Buy	GRUBHUB INC	$13,592,000	+42.3%	316,163	+2.9%	0.83%	+37.0%
JWN	New	NORDSTROM INC	$13,592,000	–	261,990	–	0.83%	–
AAL	Buy	AMERICAN AIRLS GROUP INC	$13,285,000	+122.3%	362,872	+71.9%	0.81%	+114.0%
	Buy	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$13,291,000	+20.2%	13,000,000	+18.2%	0.81%	+15.5%
ENR	Sell	ENERGIZER HLDGS INC NEW	$13,144,000	-42.9%	263,094	-41.2%	0.80%	-45.1%
	Sell	ON SEMICONDUCTOR CORPnote 2.625%12/1	$13,091,000	-31.0%	11,000,000	-40.1%	0.80%	-33.7%
HPE	New	HEWLETT PACKARD ENTERPRISE C	$13,048,000	–	573,555	–	0.80%	–
CSX	Buy	CSX CORP	$12,334,000	+79.6%	404,370	+53.6%	0.75%	+72.7%
AIG	Buy	AMERICAN INTL GROUP INC	$12,310,000	+52.6%	207,443	+36.0%	0.75%	+46.7%
	Buy	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$11,783,000	-0.1%	11,600,000	+5.5%	0.72%	-4.0%
HPQ	Sell	HP INC	$11,633,000	+23.3%	749,085	-0.3%	0.71%	+18.5%
	Sell	RED HAT INCnote 0.250%10/0	$11,533,000	-9.3%	9,100,000	-13.3%	0.70%	-12.9%
	Buy	ARES CAP CORPnote 4.375% 1/1	$11,128,000	+30.5%	10,700,000	+30.5%	0.68%	+25.3%
MIC	Sell	MACQUARIE INFRASTRUCTURE COR	$10,871,000	-37.6%	130,601	-44.5%	0.66%	-40.0%
	New	WEATHERFORD INTL LTDnote 5.875% 7/0	$10,722,000	–	9,500,000	–	0.65%	–
HBAN	Buy	HUNTINGTON BANCSHARES INC	$10,458,000	+74.9%	1,060,612	+58.6%	0.64%	+67.9%
	Buy	TESLA MTRS INCnote 0.250% 3/0	$10,033,000	+27.8%	11,100,000	+26.1%	0.61%	+22.9%
AEO	New	AMERICAN EAGLE OUTFITTERS NE	$9,960,000	–	557,645	–	0.61%	–
	New	DYCOM INDS INCnote 0.750% 9/1	$9,896,000	–	9,000,000	–	0.60%	–
	Buy	LIVE NATION ENTERTAINMENT INdbcv 2.500% 5/1	$9,801,000	+14.4%	9,050,000	+6.5%	0.60%	+9.9%
LAZ	Buy	LAZARD LTD	$9,347,000	+92.6%	257,066	+57.7%	0.57%	+85.4%
	New	LIBERTY INTERACTIVE LLCdeb 1.750% 9/3	$9,231,000	–	8,650,000	–	0.56%	–
BID	Buy	SOTHEBYS	$9,070,000	+118.4%	238,544	+57.4%	0.55%	+109.8%
	Sell	PRICELINE GRP INCnote 0.350% 6/1	$8,977,000	-63.5%	7,000,000	-66.7%	0.55%	-64.9%
EXP	Buy	EAGLE MATERIALS INC	$8,904,000	+53.9%	115,182	+53.6%	0.54%	+48.0%
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$8,813,000	+76.9%	105,837	+48.6%	0.54%	+70.3%
SHW	New	SHERWIN WILLIAMS CO	$8,627,000	–	31,184	–	0.53%	–
	Sell	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$8,462,000	+1.7%	7,000,000	-6.7%	0.52%	-2.1%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$7,982,000	+71.4%	143,411	+61.1%	0.49%	+64.5%
	Buy	FIREEYE INCnote 1.000% 6/0	$7,955,000	+11.4%	8,600,000	+7.5%	0.49%	+7.0%
MHK	Sell	MOHAWK INDS INC	$7,960,000	-50.9%	39,731	-53.5%	0.49%	-52.8%
	New	TRINITY INDS INCnote 3.875% 6/0	$7,809,000	–	6,500,000	–	0.48%	–
UAL	New	UNITED CONTL HLDGS INC	$7,747,000	–	147,641	–	0.47%	–
RH	New	RESTORATION HARDWARE HLDGS I	$7,581,000	–	219,221	–	0.46%	–
IT	Buy	GARTNER INC	$7,533,000	+41.2%	85,167	+55.5%	0.46%	+35.7%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$7,069,000	+83.7%	231,074	+57.5%	0.43%	+76.6%
	New	ON SEMICONDUCTOR CORPnote 1.000%12/0	$7,029,000	–	7,000,000	–	0.43%	–
	Sell	PALO ALTO NETWORKS INCnote 7/0	$6,893,000	-38.3%	4,600,000	-47.4%	0.42%	-40.6%
STZ	New	CONSTELLATION BRANDS INCcl a	$6,893,000	–	41,400	–	0.42%	–
AMTD	Buy	TD AMERITRADE HLDG CORP	$6,677,000	+94.4%	189,464	+57.1%	0.41%	+87.2%
IPG	Buy	INTERPUBLIC GROUP COS INC	$6,508,000	+53.4%	291,220	+58.5%	0.40%	+47.6%
SPB	New	SPECTRUM BRANDS HLDGS INC	$6,496,000	–	47,181	–	0.40%	–
AAPL	New	APPLE INC	$6,445,000	–	57,011	–	0.39%	–
	New	AIR LEASE CORPnote 3.875%12/0	$6,372,000	–	5,150,000	–	0.39%	–
	Buy	WRIGHT MED GROUP INCnote 2.000% 2/1	$6,317,000	+37.5%	5,900,000	+18.0%	0.39%	+32.2%
MGP	Sell	MGM GROWTH PPTYS LLC	$6,093,000	-18.5%	233,718	-16.6%	0.37%	-21.7%
	New	IRONWOOD PHARMACEUTICALS INCdbcv 2.250% 6/1	$6,003,000	–	5,000,000	–	0.37%	–
LEN	Buy	LENNAR CORPcl a	$5,587,000	+48.0%	131,966	+61.2%	0.34%	+42.1%
KSU	Buy	KANSAS CITY SOUTHERN	$5,507,000	+64.5%	59,020	+58.8%	0.34%	+57.7%
MON	Buy	MONSANTO CO NEW	$5,512,000	+50.0%	53,934	+51.8%	0.34%	+44.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$5,440,000	-17.5%	104,664	-11.3%	0.33%	-20.8%
PCAR	Buy	PACCAR INC	$5,406,000	+82.2%	91,962	+60.8%	0.33%	+75.5%
KAR	New	KAR AUCTION SVCS INC	$5,410,000	–	125,344	–	0.33%	–
NSC	New	NORFOLK SOUTHERN CORP	$5,396,000	–	55,596	–	0.33%	–
CBRE	Buy	CBRE GROUP INCcl a	$5,386,000	+69.4%	192,483	+60.3%	0.33%	+62.9%
	Sell	ELECTRONICS FOR IMAGING INCnote 0.750% 9/0	$5,366,000	-54.5%	4,840,000	-56.0%	0.33%	-56.2%
WLTW	Buy	WILLIS TOWERS WATSON PUB LTD	$5,165,000	+48.8%	38,908	+39.4%	0.32%	+43.2%
	Sell	MICRON TECHNOLOGY INCnote 2.125% 2/1	$5,122,000	-17.4%	2,900,000	-32.6%	0.31%	-20.6%
SYF	Buy	SYNCHRONY FINL	$4,965,000	+75.3%	177,304	+58.2%	0.30%	+68.3%
KR	Buy	KROGER CO	$4,555,000	+33.9%	153,432	+66.0%	0.28%	+28.7%
MGM	New	MGM RESORTS INTERNATIONAL	$4,116,000	–	158,111	–	0.25%	–
C	Buy	CITIGROUP INC	$4,064,000	+77.2%	86,057	+59.0%	0.25%	+69.9%
LBTYK	Buy	LIBERTY GLOBAL PLC	$3,876,000	+75.1%	117,322	+51.8%	0.24%	+68.1%
	Sell	HOLOGIC INCdebt 2.000% 3/0	$3,809,000	-33.7%	2,800,000	-37.8%	0.23%	-36.4%
COST	Sell	COSTCO WHSL CORP NEW	$3,718,000	-78.4%	24,377	-77.8%	0.23%	-79.3%
	Sell	DEPOMED INCnote 2.500% 9/0	$3,460,000	-55.8%	2,500,000	-61.5%	0.21%	-57.5%
EXPD	Buy	EXPEDITORS INTL WASH INC	$3,428,000	+64.1%	66,520	+56.2%	0.21%	+57.1%
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$3,263,000	+73.1%	118,758	+48.1%	0.20%	+65.8%
TTM	Buy	TATA MTRS LTDsponsored adr	$3,248,000	+121.9%	81,253	+92.4%	0.20%	+112.9%
CVCO	Buy	CAVCO INDS INC DEL	$3,248,000	+64.2%	32,788	+55.3%	0.20%	+57.1%
CTRP	Buy	CTRIP COM INTL LTD	$3,023,000	+226.1%	64,920	+188.5%	0.18%	+213.6%
DISCK	Buy	DISCOVERY COMMUNICATNS NEW	$2,954,000	+68.6%	112,287	+52.9%	0.18%	+62.2%
BAC	Buy	BANK AMER CORP	$2,895,000	+86.2%	185,006	+57.9%	0.18%	+78.8%
CAA	Buy	CALATLANTIC GROUP INC	$2,845,000	+47.3%	85,092	+61.6%	0.17%	+41.5%
X	Sell	UNITED STATES STL CORP NEW	$2,710,000	-8.7%	143,691	-18.4%	0.16%	-12.2%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$2,612,000	+254.9%	24,692	+166.9%	0.16%	+238.3%
PBR	Buy	PETROLEO BRASILEIRO SA PETROsponsored adr	$2,541,000	+69.9%	272,337	+30.4%	0.16%	+63.2%
RF	Buy	REGIONS FINL CORP NEW	$2,535,000	+89.9%	256,795	+63.8%	0.16%	+82.4%
PYPL	Buy	PAYPAL HLDGS INC	$2,529,000	+73.6%	61,717	+54.7%	0.15%	+65.6%
	New	ILLUMINA INCnote 6/1	$2,379,000	–	2,300,000	–	0.14%	–
BHI	Buy	BAKER HUGHES INC	$2,306,000	+72.0%	45,689	+53.8%	0.14%	+65.9%
EBAY	Buy	EBAY INC	$2,254,000	+121.2%	68,503	+57.4%	0.14%	+112.3%
HBI	Buy	HANESBRANDS INC	$2,269,000	+64.1%	89,883	+63.4%	0.14%	+56.8%
WEX	New	WEX INC	$2,150,000	–	19,887	–	0.13%	–
SWFT	New	SWIFT TRANSN COcl a	$2,149,000	–	100,103	–	0.13%	–
GG	New	GOLDCORP INC NEW	$1,996,000	–	133,692	–	0.12%	–
APFH	New	ADVANCEPIERRE FOODS HLDGS IN	$1,450,000	–	52,620	–	0.09%	–
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$1,416,000	+194.4%	102,308	+154.2%	0.09%	+177.4%
MELI	Buy	MERCADOLIBRE INC	$1,417,000	+115.3%	7,663	+63.7%	0.09%	+104.8%
CX	Buy	CEMEX SAB DE CVspon adr new	$1,304,000	+78.4%	164,229	+38.7%	0.08%	+73.9%
TRIP	Buy	TRIPADVISOR INC	$1,249,000	+29.4%	19,777	+31.7%	0.08%	+24.6%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$1,183,000	+28.9%	59,135	+63.5%	0.07%	+24.1%
	New	NEWMONT MINING CORPnote 1.625% 7/1	$1,092,000	–	1,000,000	–	0.07%	–
AMCX	Buy	AMC NETWORKS INCcl a	$990,000	+57.9%	19,093	+84.2%	0.06%	+50.0%
TAP	New	MOLSON COORS BREWING COcall	$616,000	–	4,400	–	0.04%	–
PSMT	Buy	PRICESMART INC	$575,000	+92.3%	6,860	+114.4%	0.04%	+84.2%
STX	New	SEAGATE TECHNOLOGY PLCcall	$501,000	–	3,000	–	0.03%	–
SOXX	Exit	ISHARES TRphlx semicnd etf	$0	–	-3,600	–	-0.02%	–
YPF	Exit	YPF SOCIEDAD ANONIMAspon adr cl d	$0	–	-21,900	–	-0.03%	–
	Exit	SOUFUN HLDGS LTDnote 2.000%12/1	$0	–	-600,000	–	-0.04%	–
	Exit	NUANCE COMMUNICATIONS INCdebt 1.500%11/0	$0	–	-2,500,000	–	-0.15%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-60,631	–	-0.30%	–
	Exit	TESLA MTRS INCnote 1.500% 6/0	$0	–	-3,290,000	–	-0.35%	–
RICE	Exit	RICE ENERGY INC	$0	–	-256,356	–	-0.36%	–
FNSR	Exit	FINISAR CORP	$0	–	-346,639	–	-0.38%	–
	Exit	CTRIP COM INTL LTDnote 1.250%10/1	$0	–	-6,000,000	–	-0.46%	–
CONE	Exit	CYRUSONE INC	$0	–	-131,500	–	-0.46%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-33,000	–	-0.47%	–
QEP	Exit	QEP RES INC	$0	–	-455,238	–	-0.51%	–
	Exit	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$0	–	-7,500,000	–	-0.51%	–
	Exit	AKAMAI TECHNOLOGIES INCdbcv 2/1	$0	–	-10,000,000	–	-0.63%	–
	Exit	MERCADOLIBRE INCnote 2.250% 7/0	$0	–	-8,000,000	–	-0.64%	–
	Exit	INTEGRATED DEVICE TECHNOLOGYnote 0.875%11/1	$0	–	-14,000,000	–	-0.86%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-104,692	–	-0.93%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-156,778	–	-0.94%	–
	Exit	NETSUITE INCnote 0.250% 6/0	$0	–	-16,400,000	–	-1.02%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-184,204	–	-1.18%	–
	Exit	YAHOO INCnote 12/0	$0	–	-19,500,000	–	-1.23%	–
OLN	Exit	OLIN CORP	$0	–	-1,041,594	–	-1.64%	–

Q2 2016

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$63,337,000	–	522,145	–	4.02%	–
MRK	New	MERCK & CO INC	$62,911,000	–	1,092,034	–	4.00%	–
PFE	New	PFIZER INC	$61,655,000	–	1,751,059	–	3.92%	–
MSFT	New	MICROSOFT CORP	$57,187,000	–	1,117,577	–	3.63%	–
LLY	New	LILLY ELI & CO	$54,099,000	–	686,963	–	3.44%	–
AMZN	New	AMAZON COM INC	$44,140,000	–	61,680	–	2.80%	–
PG	New	PROCTER & GAMBLE CO	$39,148,000	–	462,356	–	2.49%	–
	New	NXP SEMICONDUCTORS N Vdbcv 1.000%12/0	$30,274,000	–	27,900,000	–	1.92%	–
	New	INTEL CORP SDCV12/1	$28,468,000	–	22,000,000	–	1.81%	–
	New	CITRIX SYS INCnote 0.500% 4/1	$28,279,000	–	25,350,000	–	1.80%	–
	New	BROCADE COMMUNICATIONS SYS Inote 1.375% 1/0	$28,096,000	–	28,500,000	–	1.78%	–
	New	STARWOOD PPTY TR INCnote 4.550% 3/0	$27,541,000	–	26,500,000	–	1.75%	–
WMT	New	WAL-MART STORES INC	$26,781,000	–	366,752	–	1.70%	–
OLN	New	OLIN CORP	$25,873,000	–	1,041,594	–	1.64%	–
RRR	New	RED ROCK RESORTS INCcl a	$24,943,000	–	1,134,811	–	1.58%	–
	New	HOLOGIC INCfrnt 12/1	$24,641,000	–	20,300,000	–	1.56%	–
	New	PRICELINE GRP INCnote 0.350% 6/1	$24,591,000	–	21,000,000	–	1.56%	–
T	New	AT&T INC	$23,195,000	–	536,787	–	1.47%	–
ENR	New	ENERGIZER HLDGS INC NEW	$23,028,000	–	447,233	–	1.46%	–
EMR	New	EMERSON ELEC CO	$22,089,000	–	423,504	–	1.40%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$21,875,000	–	22,000,000	–	1.39%	–
CL	New	COLGATE PALMOLIVE CO	$21,128,000	–	288,629	–	1.34%	–
	New	MICROCHIP TECHNOLOGY INCnote 1.625% 2/1	$21,076,000	–	19,000,000	–	1.34%	–
MMM	New	3M CO	$20,893,000	–	119,307	–	1.33%	–
	New	CTRIP COM INTL LTDnote 1.000% 7/0	$20,079,000	–	19,000,000	–	1.28%	–
	New	YAHOO INCnote 12/0	$19,359,000	–	19,500,000	–	1.23%	–
CME	New	CME GROUP INC	$19,149,000	–	196,597	–	1.22%	–
	New	ON SEMICONDUCTOR CORPnote 2.625%12/1	$18,969,000	–	18,350,000	–	1.20%	–
TAP	New	MOLSON COORS BREWING COcl b	$18,629,000	–	184,204	–	1.18%	–
	New	TWITTER INCnote 1.000% 9/1	$18,209,000	–	20,400,000	–	1.16%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$17,414,000	–	235,166	–	1.11%	–
COST	New	COSTCO WHSL CORP NEW	$17,229,000	–	109,706	–	1.09%	–
MHK	New	MOHAWK INDS INC	$16,201,000	–	85,376	–	1.03%	–
	New	NETSUITE INCnote 0.250% 6/0	$16,094,000	–	16,400,000	–	1.02%	–
	New	SALESFORCE COM INCnote 0.250% 4/0	$15,736,000	–	12,150,000	–	1.00%	–
DOV	New	DOVER CORP	$15,706,000	–	226,583	–	1.00%	–
	New	ARES CAP CORPnote 4.750% 1/1	$14,943,000	–	14,400,000	–	0.95%	–
DLTR	New	DOLLAR TREE INC	$14,775,000	–	156,778	–	0.94%	–
GD	New	GENERAL DYNAMICS CORP	$14,577,000	–	104,692	–	0.93%	–
	New	STANDARD PAC CORP NEWnote 1.250% 8/0	$13,973,000	–	13,000,000	–	0.89%	–
	New	CEMEX SAB DE CVnote 3.750% 3/1	$13,898,000	–	13,500,000	–	0.88%	–
CVS	New	CVS HEALTH CORP	$13,594,000	–	141,988	–	0.86%	–
	New	INTEGRATED DEVICE TECHNOLOGYnote 0.875%11/1	$13,568,000	–	14,000,000	–	0.86%	–
	New	SERVICENOW INCnote 11/0	$13,078,000	–	11,750,000	–	0.83%	–
	New	RED HAT INCnote 0.250%10/0	$12,722,000	–	10,500,000	–	0.81%	–
	New	ELECTRONICS FOR IMAGING INCnote 0.750% 9/0	$11,797,000	–	11,000,000	–	0.75%	–
	New	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$11,797,000	–	11,000,000	–	0.75%	–
PM	New	PHILIP MORRIS INTL INC	$11,551,000	–	113,557	–	0.73%	–
	New	PALO ALTO NETWORKS INCnote 7/0	$11,172,000	–	8,750,000	–	0.71%	–
	New	ALLSCRIPTS HEALTHCARE SOLUTNnote 1.250% 7/0	$11,054,000	–	11,000,000	–	0.70%	–
RAI	New	REYNOLDS AMERICAN INC	$11,031,000	–	204,542	–	0.70%	–
SO	New	SOUTHERN CO	$10,487,000	–	195,540	–	0.67%	–
	New	MERCADOLIBRE INCnote 2.250% 7/0	$10,110,000	–	8,000,000	–	0.64%	–
	New	STARWOOD PPTY TR INCnote 3.750%10/1	$10,017,000	–	9,950,000	–	0.64%	–
ED	New	CONSOLIDATED EDISON INC	$9,982,000	–	124,088	–	0.63%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$9,905,000	–	43,324	–	0.63%	–
	New	AKAMAI TECHNOLOGIES INCdbcv 2/1	$9,852,000	–	10,000,000	–	0.63%	–
GRUB	New	GRUBHUB INC	$9,551,000	–	307,394	–	0.61%	–
HPQ	New	HP INC	$9,431,000	–	751,445	–	0.60%	–
	New	LIVE NATION ENTERTAINMENT INdbcv 2.500% 5/1	$8,566,000	–	8,500,000	–	0.54%	–
	New	ARES CAP CORPnote 4.375% 1/1	$8,530,000	–	8,200,000	–	0.54%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$8,322,000	–	7,500,000	–	0.53%	–
AIG	New	AMERICAN INTL GROUP INC	$8,068,000	–	152,545	–	0.51%	–
	New	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$8,049,000	–	7,500,000	–	0.51%	–
QEP	New	QEP RES INC	$8,026,000	–	455,238	–	0.51%	–
	New	TESLA MTRS INCnote 0.250% 3/0	$7,850,000	–	8,800,000	–	0.50%	–
	New	DEPOMED INCnote 2.500% 9/0	$7,827,000	–	6,500,000	–	0.50%	–
MGP	New	MGM GROWTH PPTYS LLC	$7,475,000	–	280,158	–	0.48%	–
NOC	New	NORTHROP GRUMMAN CORP	$7,335,000	–	33,000	–	0.47%	–
CONE	New	CYRUSONE INC	$7,319,000	–	131,500	–	0.46%	–
	New	CTRIP COM INTL LTDnote 1.250%10/1	$7,268,000	–	6,000,000	–	0.46%	–
	New	FIREEYE INCnote 1.000% 6/0	$7,143,000	–	8,000,000	–	0.45%	–
CIEN	New	CIENA CORP	$6,890,000	–	344,178	–	0.44%	–
CSX	New	CSX CORP	$6,868,000	–	263,300	–	0.44%	–
VZ	New	VERIZON COMMUNICATIONS INC	$6,593,000	–	118,064	–	0.42%	–
	New	MICRON TECHNOLOGY INCnote 2.125% 2/1	$6,202,000	–	4,300,000	–	0.39%	–
FNSR	New	FINISAR CORP	$6,070,000	–	346,639	–	0.38%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$5,980,000	–	668,913	–	0.38%	–
AAL	New	AMERICAN AIRLS GROUP INC	$5,976,000	–	211,086	–	0.38%	–
EXP	New	EAGLE MATERIALS INC	$5,784,000	–	74,980	–	0.37%	–
	New	HOLOGIC INCdebt 2.000% 3/0	$5,745,000	–	4,500,000	–	0.36%	–
RICE	New	RICE ENERGY INC	$5,650,000	–	256,356	–	0.36%	–
	New	TESLA MTRS INCnote 1.500% 6/0	$5,581,000	–	3,290,000	–	0.35%	–
IT	New	GARTNER INC	$5,335,000	–	54,771	–	0.34%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$4,981,000	–	71,237	–	0.32%	–
LAZ	New	LAZARD LTD	$4,854,000	–	163,015	–	0.31%	–
ALB	New	ALBEMARLE CORP	$4,809,000	–	60,631	–	0.30%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$4,657,000	–	89,046	–	0.30%	–
	New	WRIGHT MED GROUP INCnote 2.000% 2/1	$4,594,000	–	5,000,000	–	0.29%	–
IPG	New	INTERPUBLIC GROUP COS INC	$4,242,000	–	183,682	–	0.27%	–
BID	New	SOTHEBYS	$4,153,000	–	151,563	–	0.26%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$3,848,000	–	146,679	–	0.24%	–
LEN	New	LENNAR CORPcl a	$3,775,000	–	81,888	–	0.24%	–
MON	New	MONSANTO CO NEW	$3,675,000	–	35,528	–	0.23%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$3,470,000	–	27,914	–	0.22%	–
AMTD	New	TD AMERITRADE HLDG CORP	$3,434,000	–	120,593	–	0.22%	–
KR	New	KROGER CO	$3,401,000	–	92,440	–	0.22%	–
KSU	New	KANSAS CITY SOUTHERN	$3,348,000	–	37,160	–	0.21%	–
CBRE	New	CBRE GROUP INCcl a	$3,180,000	–	120,099	–	0.20%	–
X	New	UNITED STATES STL CORP NEW	$2,967,000	–	176,004	–	0.19%	–
PCAR	New	PACCAR INC	$2,967,000	–	57,206	–	0.19%	–
SYF	New	SYNCHRONY FINL	$2,832,000	–	112,057	–	0.18%	–
	New	NUANCE COMMUNICATIONS INCdebt 1.500%11/0	$2,416,000	–	2,500,000	–	0.15%	–
C	New	CITIGROUP INC	$2,293,000	–	54,110	–	0.15%	–
LBTYK	New	LIBERTY GLOBAL PLC	$2,214,000	–	77,277	–	0.14%	–
EXPD	New	EXPEDITORS INTL WASH INC	$2,089,000	–	42,593	–	0.13%	–
CVCO	New	CAVCO INDS INC DEL	$1,978,000	–	21,115	–	0.13%	–
CAA	New	CALATLANTIC GROUP INC	$1,932,000	–	52,640	–	0.12%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$1,885,000	–	80,193	–	0.12%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$1,752,000	–	73,456	–	0.11%	–
BAC	New	BANK AMER CORP	$1,555,000	–	117,165	–	0.10%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$1,496,000	–	208,900	–	0.10%	–
TTM	New	TATA MTRS LTDsponsored adr	$1,464,000	–	42,240	–	0.09%	–
PYPL	New	PAYPAL HLDGS INC	$1,457,000	–	39,905	–	0.09%	–
	New	VIPSHOP HLDGS LTDnote 1.500% 3/1	$1,382,000	–	1,400,000	–	0.09%	–
HBI	New	HANESBRANDS INC	$1,383,000	–	55,023	–	0.09%	–
BHI	New	BAKER HUGHES INC	$1,341,000	–	29,698	–	0.08%	–
RF	New	REGIONS FINL CORP NEW	$1,335,000	–	156,763	–	0.08%	–
	New	51JOB INCnote 3.250% 4/1	$1,215,000	–	1,200,000	–	0.08%	–
MFS	New	MANITOWOC FOODSERVICE INC	$1,025,000	–	58,212	–	0.06%	–
EBAY	New	EBAY INC	$1,019,000	–	43,525	–	0.06%	–
TRIP	New	TRIPADVISOR INC	$965,000	–	15,013	–	0.06%	–
CTRP	New	CTRIP COM INTL LTD	$927,000	–	22,500	–	0.06%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$918,000	–	36,167	–	0.06%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$736,000	–	9,250	–	0.05%	–
CX	New	CEMEX SAB DE CVspon adr new	$731,000	–	118,400	–	0.05%	–
MELI	New	MERCADOLIBRE INC	$658,000	–	4,680	–	0.04%	–
AMCX	New	AMC NETWORKS INCcl a	$627,000	–	10,367	–	0.04%	–
	New	SOUFUN HLDGS LTDnote 2.000%12/1	$591,000	–	600,000	–	0.04%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$481,000	–	40,240	–	0.03%	–
ODP	New	OFFICE DEPOT INC	$457,000	–	138,143	–	0.03%	–
YPF	New	YPF SOCIEDAD ANONIMAspon adr cl d	$420,000	–	21,900	–	0.03%	–
	New	TOLL BROS FIN CORPnote 0.500% 9/1	$392,000	–	400,000	–	0.02%	–
SOXX	New	ISHARES TRphlx semicnd etf	$337,000	–	3,600	–	0.02%	–
IBB	New	ISHARES TRnasdq biotec etf	$296,000	–	1,150	–	0.02%	–
PSMT	New	PRICESMART INC	$299,000	–	3,200	–	0.02%	–
	New	WORKDAY INCnote 1.500% 7/1	$233,000	–	200,000	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
WW	Exit	WEIGHT WATCHERS INTL INC NEW	$0	–	-23,038	–	-0.01%	–
	Exit	WORKDAY INCnote 1.500% 7/1	$0	–	-200,000	–	-0.02%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-3,000	–	-0.02%	–
	Exit	SPIRIT RLTY CAP INC NEWnote 3.750% 5/1	$0	–	-250,000	–	-0.02%	–
SOXX	Exit	ISHARES TRphlx semicnd etf	$0	–	-3,600	–	-0.02%	–
	Exit	STARWOOD PPTY TR INCnote 3.750%10/1	$0	–	-300,000	–	-0.02%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-4,711	–	-0.03%	–
	Exit	CEMEX SAB DE CVnote 3.250% 3/1	$0	–	-400,000	–	-0.03%	–
	Exit	REDWOOD TR INCnote 4.625% 4/1	$0	–	-500,000	–	-0.04%	–
	Exit	SANDISK CORPnote 0.500%10/1	$0	–	-500,000	–	-0.04%	–
	Exit	QIHOO 360 TECHNOLOGY CO LTDnote 2.500% 9/1	$0	–	-500,000	–	-0.04%	–
LMCK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-14,236	–	-0.04%	–
	Exit	SOUFUN HLDGS LTDnote 2.000%12/1	$0	–	-600,000	–	-0.04%	–
MTSI	Exit	MA COM TECHNOLOGY SOLUTIONS	$0	–	-21,191	–	-0.05%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-9,797	–	-0.05%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-24,800	–	-0.05%	–
	Exit	TESLA MTRS INCnote 1.250% 3/0	$0	–	-700,000	–	-0.05%	–
EBAY	Exit	EBAY INC	$0	–	-27,920	–	-0.05%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-10,354	–	-0.06%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-118,012	–	-0.06%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-77,721	–	-0.06%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-95,098	–	-0.07%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-27,920	–	-0.07%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-12,973	–	-0.07%	–
HBI	Exit	HANESBRANDS INC	$0	–	-35,029	–	-0.08%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-44,975	–	-0.09%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-24,676	–	-0.09%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-21,420	–	-0.09%	–
BAC	Exit	BANK AMER CORP	$0	–	-73,244	–	-0.09%	–
NKE	Exit	NIKE INCcl b	$0	–	-9,435	–	-0.09%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-48,624	–	-0.09%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-26,509	–	-0.10%	–
SPF	Exit	STANDARD PAC CORP NEW	$0	–	-155,456	–	-0.10%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-19,520	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-50,263	–	-0.10%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-17,281	–	-0.10%	–
EPAM	Exit	EPAM SYS INC	$0	–	-17,408	–	-0.10%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-1,069	–	-0.10%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-31,308	–	-0.11%	–
DIS	Exit	DISNEY WALT CO	$0	–	-14,470	–	-0.12%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-48,316	–	-0.12%	–
LAZ	Exit	LAZARD LTD	$0	–	-37,565	–	-0.13%	–
C	Exit	CITIGROUP INC	$0	–	-33,923	–	-0.13%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-9,892	–	-0.14%	–
AGN	Exit	ALLERGAN PLC	$0	–	-6,590	–	-0.14%	–
PCAR	Exit	PACCAR INC	$0	–	-35,624	–	-0.15%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-89,934	–	-0.15%	–
KEY	Exit	KEYCORP NEW	$0	–	-150,013	–	-0.15%	–
MON	Exit	MONSANTO CO NEW	$0	–	-23,936	–	-0.16%	–
CVC	Exit	CABLEVISION SYS CORPcl a ny cablvs	$0	–	-63,755	–	-0.16%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-22,856	–	-0.16%	–
TW	Exit	TOWERS WATSON & COcl a	$0	–	-17,716	–	-0.16%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-52,175	–	-0.17%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-14,793	–	-0.17%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-114,470	–	-0.17%	–
KR	Exit	KROGER CO	$0	–	-63,055	–	-0.18%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-72,083	–	-0.18%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-48,117	–	-0.18%	–
BID	Exit	SOTHEBYS	$0	–	-73,198	–	-0.18%	–
V	Exit	VISA INC	$0	–	-34,420	–	-0.19%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-53,581	–	-0.19%	–
TAP	Exit	MOLSON COORS BREWING COcall	$0	–	-5,800	–	-0.20%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-28,981	–	-0.21%	–
CSX	Exit	CSX CORP	$0	–	-97,652	–	-0.21%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-43,374	–	-0.21%	–
AAPL	Exit	APPLE INCcall	$0	–	-24,107	–	-0.21%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-33,615	–	-0.22%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-65,899	–	-0.23%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-272,609	–	-0.23%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-75,057	–	-0.23%	–
IT	Exit	GARTNER INC	$0	–	-35,238	–	-0.23%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-34,683	–	-0.25%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-46,105	–	-0.25%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-18,833	–	-0.26%	–
	Exit	ACORDA THERAPEUTICS INCnote 1.750% 6/1	$0	–	-4,000,000	–	-0.29%	–
SO	Exit	SOUTHERN CO	$0	–	-90,840	–	-0.32%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-54,227	–	-0.34%	–
TREE	Exit	LENDINGTREE INC NEW	$0	–	-49,984	–	-0.37%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-69,601	–	-0.37%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-114,728	–	-0.40%	–
DOV	Exit	DOVER CORP	$0	–	-97,745	–	-0.44%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-100,763	–	-0.45%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-46,755	–	-0.46%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-44,000	–	-0.46%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-50,678	–	-0.55%	–
DHI	Exit	D R HORTON INC	$0	–	-241,139	–	-0.56%	–
KONAQ	Exit	KONA GRILL INC	$0	–	-453,139	–	-0.56%	–
MMM	Exit	3M CO	$0	–	-51,478	–	-0.58%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-288,835	–	-0.58%	–
T	Exit	AT&T INC	$0	–	-235,321	–	-0.60%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-124,769	–	-0.62%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-85,778	–	-0.65%	–
	Exit	ON SEMICONDUCTOR CORPnote 2.625%12/1	$0	–	-8,200,000	–	-0.72%	–
	Exit	VIPSHOP HLDGS LTDnote 1.500% 3/1	$0	–	-8,610,000	–	-0.76%	–
	Exit	LAM RESEARCH CORPnote 0.500% 5/1	$0	–	-9,000,000	–	-0.80%	–
	Exit	XILINX INCnote 2.625% 6/1	$0	–	-7,000,000	–	-0.82%	–
	Exit	YAHOO INCnote 12/0	$0	–	-11,000,000	–	-0.84%	–
CME	Exit	CME GROUP INC	$0	–	-114,985	–	-0.84%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-284,390	–	-0.85%	–
ANTX	Exit	ANTHEM INCunit 05/01/20188	$0	–	-228,000	–	-0.87%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-263,681	–	-0.92%	–
	Exit	CTRIP COM INTL LTDnote 1.250%10/1	$0	–	-11,250,000	–	-0.96%	–
	Exit	CEMEX SAB DE CVnote 3.750% 3/1	$0	–	-12,100,000	–	-0.98%	–
	Exit	AKAMAI TECHNOLOGIES INCdbcv 2/1	$0	–	-12,000,000	–	-0.99%	–
	Exit	JARDEN CORPnote 1.500% 6/1	$0	–	-9,500,000	–	-1.01%	–
	Exit	SERVICENOW INCnote 11/0	$0	–	-12,200,000	–	-1.08%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-454,826	–	-1.11%	–
	Exit	TOLL BROS FIN CORPnote 0.500% 9/1	$0	–	-13,850,000	–	-1.12%	–
	Exit	NETSUITE INCnote 0.250% 6/0	$0	–	-14,200,000	–	-1.13%	–
	Exit	NVIDIA CORPnote 1.000%12/0	$0	–	-11,000,000	–	-1.14%	–
HRB	Exit	BLOCK H & R INC	$0	–	-401,213	–	-1.14%	–
	Exit	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$0	–	-14,500,000	–	-1.14%	–
	Exit	ARES CAP CORPnote 4.750% 1/1	$0	–	-14,200,000	–	-1.15%	–
	Exit	MICRON TECHNOLOGY INCnote 3.000%11/1	$0	–	-18,650,000	–	-1.23%	–
	Exit	HOLOGIC INCfrnt 12/1	$0	–	-13,500,000	–	-1.35%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-28,038	–	-1.41%	–
	Exit	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$0	–	-19,000,000	–	-1.44%	–
VMC	Exit	VULCAN MATLS CO	$0	–	-206,148	–	-1.45%	–
	Exit	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$0	–	-20,000,000	–	-1.47%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-531,351	–	-1.49%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-263,803	–	-1.50%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-300,259	–	-1.66%	–
	Exit	INTEL CORPsdcv 3.250% 8/0	$0	–	-14,750,000	–	-1.76%	–
	Exit	PRICELINE GRP INCnote 1.000% 3/1	$0	–	-16,000,000	–	-1.77%	–
MAS	Exit	MASCO CORP	$0	–	-930,073	–	-1.84%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-680,283	–	-2.02%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-422,154	–	-2.16%	–
	Exit	SALESFORCE COM INCnote 0.250% 4/0	$0	–	-23,500,000	–	-2.26%	–
BYD	Exit	BOYD GAMING CORP	$0	–	-1,892,854	–	-2.43%	–
	Exit	SANDISK CORPnote 1.500% 8/1	$0	–	-26,000,000	–	-2.54%	–
	Exit	ARES CAP CORPnote 5.750% 2/0	$0	–	-34,400,000	–	-2.73%	–
	Exit	STARWOOD PPTY TR INCnote 4.550% 3/0	$0	–	-34,000,000	–	-2.74%	–
	Exit	TESLA MTRS INCnote 0.250% 3/0	$0	–	-38,000,000	–	-2.90%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-431,527	–	-3.17%	–
	Exit	CITRIX SYS INCnote 0.500% 4/1	$0	–	-38,650,000	–	-3.20%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-869,964	–	-3.38%	–
AMZN	Exit	AMAZON COM INC	$0	–	-84,751	–	-3.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-982,985	–	-3.43%	–
PFE	Exit	PFIZER INC	$0	–	-1,488,889	–	-3.68%	–
LLY	Exit	LILLY ELI & CO	$0	–	-567,594	–	-3.74%	–

Q3 2015

			Value		Shares		↓ Weighting
LLY	Sell	LILLY ELI & CO	$47,502,000	-4.4%	567,594	-4.6%	3.74%	-8.1%
PFE	Sell	PFIZER INC	$46,766,000	-8.3%	1,488,889	-2.1%	3.68%	-11.8%
MSFT	Sell	MICROSOFT CORP	$43,507,000	-2.0%	982,985	-2.2%	3.43%	-5.8%
AMZN	Sell	AMAZON COM INC	$43,383,000	+15.7%	84,751	-1.9%	3.42%	+11.2%
MRK	Sell	MERCK & CO INC NEW	$42,967,000	-15.0%	869,964	-2.0%	3.38%	-18.3%
	Buy	CITRIX SYS INCnote 0.500% 4/1	$40,674,000	-0.5%	38,650,000	+0.4%	3.20%	-4.3%
JNJ	Buy	JOHNSON & JOHNSON	$40,283,000	-1.9%	431,527	+2.4%	3.17%	-5.8%
	New	TESLA MTRS INCnote 0.250% 3/0	$36,773,000	–	38,000,000	–	2.90%	–
	Buy	STARWOOD PPTY TR INCnote 4.550% 3/0	$34,716,000	+105.0%	34,000,000	+112.5%	2.74%	+97.0%
	Sell	ARES CAP CORPnote 5.750% 2/0	$34,677,000	-9.0%	34,400,000	-8.0%	2.73%	-12.5%
	Buy	SANDISK CORPnote 1.500% 8/1	$32,302,000	+92.8%	26,000,000	+100.0%	2.54%	+85.2%
BYD	Buy	BOYD GAMING CORP	$30,854,000	+48.3%	1,892,854	+36.0%	2.43%	+42.6%
WMT	Sell	WAL-MART STORES INC	$27,372,000	-10.8%	422,154	-2.4%	2.16%	-14.2%
RLGY	Buy	REALOGY HLDGS CORP	$25,599,000	+19.2%	680,283	+48.0%	2.02%	+14.6%
MAS	New	MASCO CORP	$23,419,000	–	930,073	–	1.84%	–
	Buy	PRICELINE GRP INCnote 1.000% 3/1	$22,492,000	+30.1%	16,000,000	+23.1%	1.77%	+25.1%
SSNC	Buy	SS&C TECHNOLOGIES HLDGS INC	$21,030,000	+64.5%	300,259	+46.8%	1.66%	+58.1%
PG	Buy	PROCTER & GAMBLE CO	$18,977,000	+125.4%	263,803	+145.2%	1.50%	+116.7%
KAR	New	KAR AUCTION SVCS INC	$18,863,000	–	531,351	–	1.49%	–
VMC	New	VULCAN MATLS CO	$18,388,000	–	206,148	–	1.45%	–
GOOGL	Buy	GOOGLE INCcl a	$17,898,000	+24.1%	28,038	+5.0%	1.41%	+19.3%
	New	HOLOGIC INCfrnt 12/1	$17,142,000	–	13,500,000	–	1.35%	–
	New	MICRON TECHNOLOGY INCnote 3.000%11/1	$15,666,000	–	18,650,000	–	1.23%	–
	Buy	ARES CAP CORPnote 4.750% 1/1	$14,592,000	+118.6%	14,200,000	+118.5%	1.15%	+110.2%
	New	JAZZ INVESTMENTS I LTDnote 1.875% 8/1	$14,539,000	–	14,500,000	–	1.14%	–
HRB	Buy	BLOCK H & R INC	$14,523,000	+3098.9%	401,213	+2553.0%	1.14%	+2991.9%
	Sell	NVIDIA CORPnote 1.000%12/0	$14,496,000	-33.8%	11,000,000	-42.1%	1.14%	-36.4%
	Buy	TOLL BROS FIN CORPnote 0.500% 9/1	$14,194,000	+0.1%	13,850,000	+1.8%	1.12%	-3.8%
ATVI	New	ACTIVISION BLIZZARD INC	$14,050,000	–	454,826	–	1.11%	–
	Buy	JARDEN CORPnote 1.500% 6/1	$12,810,000	+14.8%	9,500,000	+18.8%	1.01%	+10.3%
	Buy	AKAMAI TECHNOLOGIES INCdbcv 2/1	$12,619,000	+9.9%	12,000,000	+9.1%	0.99%	+5.5%
	New	CEMEX SAB DE CVnote 3.750% 3/1	$12,497,000	–	12,100,000	–	0.98%	–
	Sell	CTRIP COM INTL LTDnote 1.250%10/1	$12,128,000	-30.5%	11,250,000	-26.2%	0.96%	-33.2%
EMR	Sell	EMERSON ELEC CO	$11,647,000	-22.5%	263,681	-2.7%	0.92%	-25.4%
ANTX	Buy	ANTHEM INCunit 05/01/20188	$11,022,000	+6.5%	228,000	+12.3%	0.87%	+2.2%
LUV	New	SOUTHWEST AIRLS CO	$10,818,000	–	284,390	–	0.85%	–
CME	New	CME GROUP INC	$10,664,000	–	114,985	–	0.84%	–
	Sell	YAHOO INCnote 12/0	$10,615,000	-70.3%	11,000,000	-68.4%	0.84%	-71.5%
	Buy	LAM RESEARCH CORPnote 0.500% 5/1	$10,203,000	+9.6%	9,000,000	+28.6%	0.80%	+5.4%
	Buy	VIPSHOP HLDGS LTDnote 1.500% 3/1	$9,592,000	+1145.7%	8,610,000	+1311.5%	0.76%	+1100.0%
	New	ON SEMICONDUCTOR CORPnote 2.625%12/1	$9,109,000	–	8,200,000	–	0.72%	–
T	Sell	AT&T INC	$7,667,000	-29.1%	235,321	-22.7%	0.60%	-31.9%
HPQ	Sell	HEWLETT PACKARD CO	$7,397,000	-16.8%	288,835	-2.5%	0.58%	-20.0%
KONAQ	New	KONA GRILL INC	$7,137,000	–	453,139	–	0.56%	–
DHI	New	D R HORTON INC	$7,080,000	–	241,139	–	0.56%	–
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$6,974,000	-44.6%	50,678	-37.2%	0.55%	-46.8%
CHDN	Sell	CHURCHILL DOWNS INC	$5,888,000	-38.8%	44,000	-42.8%	0.46%	-41.2%
STZ	New	CONSTELLATION BRANDS INCcl a	$5,854,000	–	46,755	–	0.46%	–
AIG	Buy	AMERICAN INTL GROUP INC	$5,725,000	+92.4%	100,763	+109.3%	0.45%	+84.8%
RAI	Buy	REYNOLDS AMERICAN INC	$5,079,000	+18.6%	114,728	+100.0%	0.40%	+14.0%
TREE	Sell	LENDINGTREE INC NEW	$4,650,000	-47.2%	49,984	-55.4%	0.37%	-49.3%
PM	Sell	PHILIP MORRIS INTL INC	$4,302,000	-1.2%	54,227	-0.1%	0.34%	-5.0%
	Sell	ACORDA THERAPEUTICS INCnote 1.750% 6/1	$3,658,000	-54.9%	4,000,000	-50.0%	0.29%	-56.6%
CHTR	Buy	CHARTER COMMUNICATIONS INC Dcl a new	$3,312,000	+50.8%	18,833	+46.8%	0.26%	+45.0%
EXP	Buy	EAGLE MATERIALS INC	$3,155,000	+257.3%	46,105	+298.6%	0.25%	+245.8%
FB	Buy	FACEBOOK INCcl a	$3,118,000	+63.2%	34,683	+55.6%	0.25%	+56.7%
IT	Buy	GARTNER INC	$2,958,000	+195.2%	35,238	+201.8%	0.23%	+184.1%
AAL	Buy	AMERICAN AIRLS GROUP INC	$2,915,000	+127.2%	75,057	+133.7%	0.23%	+119.0%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$2,889,000	+96.1%	272,609	+109.4%	0.23%	+88.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,867,000	-69.2%	65,899	-67.0%	0.23%	-70.4%
ADBE	Buy	ADOBE SYS INC	$2,764,000	+113.1%	33,615	+109.9%	0.22%	+105.7%
AAPL	New	APPLE INCcall	$2,660,000	–	24,107	–	0.21%	–
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$2,638,000	+191.5%	43,374	+183.8%	0.21%	+181.1%
CSX	New	CSX CORP	$2,627,000	–	97,652	–	0.21%	–
MA	Buy	MASTERCARD INCcl a	$2,612,000	+45.0%	28,981	+50.3%	0.21%	+39.2%
TAP	New	MOLSON COORS BREWING COcall	$2,494,000	–	5,800	–	0.20%	–
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$2,464,000	+235.2%	53,581	+222.9%	0.19%	+223.3%
V	Buy	VISA INC	$2,398,000	+37.6%	34,420	+32.6%	0.19%	+32.2%
BID	Buy	SOTHEBYS	$2,341,000	+59.7%	73,198	+125.8%	0.18%	+53.3%
LEN	Buy	LENNAR CORPcl a	$2,316,000	+106.0%	48,117	+118.4%	0.18%	+97.8%
CBRE	Buy	CBRE GROUP INCcl a	$2,307,000	+143.9%	72,083	+181.8%	0.18%	+133.3%
KR	Buy	KROGER CO	$2,274,000	+108.2%	63,055	+318.6%	0.18%	+98.9%
IPG	Buy	INTERPUBLIC GROUP COS INC	$2,190,000	+108.2%	114,470	+109.6%	0.17%	+101.2%
COST	Buy	COSTCO WHSL CORP NEW	$2,139,000	+266.3%	14,793	+242.0%	0.17%	+252.1%
LBTYK	Buy	LIBERTY GLOBAL PLC	$2,141,000	+52.9%	52,175	+88.7%	0.17%	+47.0%
KSU	Buy	KANSAS CITY SOUTHERN	$2,077,000	+332.7%	22,856	+333.9%	0.16%	+320.5%
TW	Buy	TOWERS WATSON & COcl a	$2,079,000	+103.8%	17,716	+118.6%	0.16%	+95.2%
CVC	Buy	CABLEVISION SYS CORPcl a ny cablvs	$2,070,000	+123.3%	63,755	+64.7%	0.16%	+114.5%
MON	Buy	MONSANTO CO NEW	$2,042,000	+72.6%	23,936	+115.7%	0.16%	+66.0%
KEY	Buy	KEYCORP NEW	$1,951,000	+275.2%	150,013	+333.3%	0.15%	+258.1%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$1,866,000	+91.6%	89,934	+109.6%	0.15%	+83.8%
PCAR	Buy	PACCAR INC	$1,858,000	+468.2%	35,624	+595.5%	0.15%	+440.7%
AGN	Buy	ALLERGAN PLC	$1,791,000	-2.3%	6,590	+9.1%	0.14%	-6.0%
TWC	Buy	TIME WARNER CABLE INC	$1,774,000	+120.4%	9,892	+118.8%	0.14%	+112.1%
C	Buy	CITIGROUP INC	$1,683,000	+87.6%	33,923	+109.1%	0.13%	+79.7%
LAZ	Buy	LAZARD LTD	$1,626,000	+62.0%	37,565	+110.4%	0.13%	+56.1%
AMTD	Buy	TD AMERITRADE HLDG CORP	$1,538,000	+102.9%	48,316	+134.7%	0.12%	+95.2%
DIS	New	DISNEY WALT CO	$1,479,000	–	14,470	–	0.12%	–
LBTYA	Sell	LIBERTY GLOBAL PLC	$1,344,000	-22.1%	31,308	-1.9%	0.11%	-24.8%
PCLN	New	PRICELINE GRP INC	$1,322,000	–	1,069	–	0.10%	–
EPAM	Sell	EPAM SYS INC	$1,297,000	-88.1%	17,408	-88.6%	0.10%	-88.6%
AXP	Buy	AMERICAN EXPRESS CO	$1,281,000	+60.5%	17,281	+68.3%	0.10%	+55.4%
GE	Buy	GENERAL ELECTRIC CO	$1,268,000	+17.7%	50,263	+24.0%	0.10%	+13.6%
LRCX	Buy	LAM RESEARCH CORP	$1,275,000	+5.7%	19,520	+31.7%	0.10%	+1.0%
EXPD	Buy	EXPEDITORS INTL WASH INC	$1,247,000	+113.9%	26,509	+109.6%	0.10%	+104.2%
SPF	Buy	STANDARD PAC CORP NEW	$1,244,000	+100.0%	155,456	+122.7%	0.10%	+92.2%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$1,169,000	-55.4%	48,624	-49.0%	0.09%	-57.2%
NKE	New	NIKE INCcl b	$1,160,000	–	9,435	–	0.09%	–
BAC	Buy	BANK AMER CORP	$1,142,000	+91.0%	73,244	+108.5%	0.09%	+83.7%
BHI	Buy	BAKER HUGHES INC	$1,114,000	+83.5%	21,420	+117.6%	0.09%	+76.0%
NLSN	New	NIELSEN HLDGS PLC	$1,097,000	–	24,676	–	0.09%	–
DISCK	Buy	DISCOVERY COMMUNICATNS NEW	$1,093,000	+71.3%	44,975	+119.1%	0.09%	+65.4%
HBI	Buy	HANESBRANDS INC	$1,014,000	+82.4%	35,029	+110.0%	0.08%	+73.9%
CVCO	Buy	CAVCO INDS INC DEL	$883,000	+97.5%	12,973	+119.1%	0.07%	+89.2%
PYPL	New	PAYPAL HLDGS INC	$867,000	–	27,920	–	0.07%	–
RF	Buy	REGIONS FINL CORP NEW	$857,000	-2.7%	95,098	+11.9%	0.07%	-5.6%
X	Buy	UNITED STATES STL CORP NEW	$810,000	+5.7%	77,721	+109.2%	0.06%	+1.6%
ODP	Buy	OFFICE DEPOT INC	$758,000	+55.6%	118,012	+110.0%	0.06%	+50.0%
EA	New	ELECTRONIC ARTS INC	$701,000	–	10,354	–	0.06%	–
EBAY	Buy	EBAY INC	$683,000	-5.1%	27,920	+133.7%	0.05%	-8.5%
	Sell	TESLA MTRS INCnote 1.250% 3/0	$662,000	-98.0%	700,000	-97.9%	0.05%	-98.1%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$651,000	+110.0%	24,800	+121.9%	0.05%	+104.0%
TRIP	Buy	TRIPADVISOR INC	$618,000	+52.6%	9,797	+110.7%	0.05%	+48.5%
MTSI	Sell	MA COM TECHNOLOGY SOLUTIONS	$614,000	-27.0%	21,191	-3.6%	0.05%	-30.4%
LMCK	Buy	LIBERTY MEDIA CORP DELAWARE	$491,000	+5.8%	14,236	+10.2%	0.04%	+2.6%
	Sell	QIHOO 360 TECHNOLOGY CO LTDnote 2.500% 9/1	$479,000	-97.6%	500,000	-97.5%	0.04%	-97.7%
	Sell	CEMEX SAB DE CVnote 3.250% 3/1	$406,000	-98.9%	400,000	-98.8%	0.03%	-98.9%
AMCX	Sell	AMC NETWORKS INCcl a	$345,000	-18.2%	4,711	-8.7%	0.03%	-22.9%
SOXX	New	ISHARES TRphlx semicnd etf	$293,000	–	3,600	–	0.02%	–
WW	Sell	WEIGHT WATCHERS INTL INC NEW	$147,000	+20.5%	23,038	-8.7%	0.01%	+20.0%
	Exit	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$0	–	-200,000	–	-0.02%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-5,307	–	-0.02%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-6,097	–	-0.02%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-7,409	–	-0.02%	–
DATA	Exit	TABLEAU SOFTWARE INCcl a	$0	–	-4,901	–	-0.05%	–
	Exit	TAKE-TWO INTERACTIVE SOFTWARnote 1.750%12/0	$0	–	-400,000	–	-0.05%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-6,691	–	-0.05%	–
CRTO	Exit	CRITEO S Aspons ads	$0	–	-19,448	–	-0.08%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-13,927	–	-0.09%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-5,847	–	-0.10%	–
INTU	Exit	INTUIT	$0	–	-12,080	–	-0.10%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-11,265	–	-0.12%	–
	Exit	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$0	–	-1,000,000	–	-0.13%	–
JDSU	Exit	JDS UNIPHASE CORP	$0	–	-154,832	–	-0.15%	–
REGI	Exit	RENEWABLE ENERGY GROUP INC	$0	–	-333,000	–	-0.32%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-203,660	–	-0.50%	–
	Exit	UNITED STATES STL CORP NEWnote 2.750% 4/0	$0	–	-7,500,000	–	-0.68%	–
	Exit	TAKE-TWO INTERACTIVE SOFTWARnote 1.000% 7/0	$0	–	-6,000,000	–	-0.68%	–
SWFT	Exit	SWIFT TRANSN COcall	$0	–	-354,523	–	-0.69%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-476,467	–	-0.72%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-197,981	–	-0.83%	–
VC	Exit	VISTEON CORP	$0	–	-103,299	–	-0.89%	–
COTY	Exit	COTY INC	$0	–	-398,327	–	-1.04%	–
PPG	Exit	PPG INDS INC	$0	–	-122,744	–	-1.15%	–
	Exit	HOLOGIC INCfrnt 2.000%12/1	$0	–	-8,500,000	–	-1.17%	–
SBAC	Exit	SBA COMMUNICATIONS CORP	$0	–	-128,290	–	-1.21%	–
YUM	Exit	YUM BRANDS INC	$0	–	-228,453	–	-1.69%	–

Q2 2015

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC	$50,981,000	–	1,520,454	–	4.18%	–
MRK	New	MERCK & CO INC NEW	$50,528,000	–	887,560	–	4.14%	–
LLY	New	LILLY ELI & CO	$49,685,000	–	595,120	–	4.07%	–
MSFT	New	MICROSOFT CORP	$44,394,000	–	1,005,515	–	3.64%	–
JNJ	New	JOHNSON & JOHNSON	$41,081,000	–	421,523	–	3.37%	–
	New	CITRIX SYS INCnote 0.500% 4/1	$40,871,000	–	38,500,000	–	3.35%	–
	New	ARES CAP CORPnote 5.750% 2/0	$38,102,000	–	37,400,000	–	3.12%	–
AMZN	New	AMAZON COM INC	$37,505,000	–	86,400	–	3.08%	–
	New	CEMEX SAB DE CVnote 3.250% 3/1	$36,000,000	–	32,000,000	–	2.95%	–
	New	YAHOO INCnote 12/0	$35,801,000	–	34,800,000	–	2.94%	–
	New	TESLA MTRS INCnote 1.250% 3/0	$32,613,000	–	33,200,000	–	2.67%	–
WMT	New	WAL-MART STORES INC	$30,683,000	–	432,591	–	2.52%	–
	New	SALESFORCE COM INCnote 0.250% 4/0	$28,510,000	–	23,500,000	–	2.34%	–
	New	INTEL CORPsdcv 3.250% 8/0	$22,442,000	–	14,750,000	–	1.84%	–
	New	NVIDIA CORPnote 1.000%12/0	$21,896,000	–	19,000,000	–	1.80%	–
RLGY	New	REALOGY HLDGS CORP	$21,473,000	–	459,616	–	1.76%	–
BYD	New	BOYD GAMING CORP	$20,800,000	–	1,391,315	–	1.70%	–
YUM	New	YUM BRANDS INC	$20,579,000	–	228,453	–	1.69%	–
	New	QIHOO 360 TECHNOLOGY CO LTDnote 2.500% 9/1	$19,890,000	–	20,300,000	–	1.63%	–
	New	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$18,807,000	–	20,000,000	–	1.54%	–
	New	LIBERTY MEDIA CORP DELAWAREnote 1.375%10/1	$17,681,000	–	19,000,000	–	1.45%	–
	New	CTRIP COM INTL LTDnote 1.250%10/1	$17,457,000	–	15,250,000	–	1.43%	–
	New	PRICELINE GRP INCdebt 1.000% 3/1	$17,290,000	–	13,000,000	–	1.42%	–
	New	STARWOOD PPTY TR INCnote 4.550% 3/0	$16,931,000	–	16,000,000	–	1.39%	–
	New	SANDISK CORPnote 1.500% 8/1	$16,756,000	–	13,000,000	–	1.37%	–
EMR	New	EMERSON ELEC CO	$15,019,000	–	270,950	–	1.23%	–
	New	NETSUITE INCnote 0.250% 6/0	$14,823,000	–	14,200,000	–	1.22%	–
SBAC	New	SBA COMMUNICATIONS CORP	$14,750,000	–	128,290	–	1.21%	–
GOOGL	New	GOOGLE INCcl a	$14,422,000	–	26,705	–	1.18%	–
	New	SERVICENOW INCnote 11/0	$14,308,000	–	12,200,000	–	1.17%	–
	New	HOLOGIC INCfrnt 2.000%12/1	$14,242,000	–	8,500,000	–	1.17%	–
	New	TOLL BROS FIN CORPnote 0.500% 9/1	$14,174,000	–	13,600,000	–	1.16%	–
PPG	New	PPG INDS INC	$14,081,000	–	122,744	–	1.15%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$12,786,000	–	204,569	–	1.05%	–
COTY	New	COTY INC	$12,735,000	–	398,327	–	1.04%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$12,584,000	–	80,635	–	1.03%	–
	New	AKAMAI TECHNOLOGIES INCdbcv 2/1	$11,487,000	–	11,000,000	–	0.94%	–
	New	JARDEN CORPnote 1.500% 6/1	$11,162,000	–	8,000,000	–	0.92%	–
EPAM	New	EPAM SYS INC	$10,912,000	–	153,191	–	0.90%	–
VC	New	VISTEON CORP	$10,844,000	–	103,299	–	0.89%	–
	New	XILINX INCnote 2.625% 6/1	$10,838,000	–	7,000,000	–	0.89%	–
T	New	AT&T INC	$10,818,000	–	304,550	–	0.89%	–
ANTX	New	ANTHEM INCunit 05/01/20188	$10,353,000	–	203,000	–	0.85%	–
SEE	New	SEALED AIR CORP NEW	$10,172,000	–	197,981	–	0.83%	–
CHDN	New	CHURCHILL DOWNS INC	$9,620,000	–	76,931	–	0.79%	–
VZ	New	VERIZON COMMUNICATIONS INC	$9,322,000	–	199,993	–	0.76%	–
	New	LAM RESEARCH CORPnote 0.500% 5/1	$9,310,000	–	7,000,000	–	0.76%	–
CVS	New	CVS HEALTH CORP	$8,996,000	–	85,778	–	0.74%	–
HPQ	New	HEWLETT PACKARD CO	$8,890,000	–	296,260	–	0.73%	–
TREE	New	LENDINGTREE INC NEW	$8,809,000	–	112,055	–	0.72%	–
PENN	New	PENN NATL GAMING INC	$8,743,000	–	476,467	–	0.72%	–
SWFT	New	SWIFT TRANSN COcall	$8,448,000	–	354,523	–	0.69%	–
PG	New	PROCTER & GAMBLE CO	$8,419,000	–	107,603	–	0.69%	–
	New	TAKE-TWO INTERACTIVE SOFTWARnote 1.000% 7/0	$8,313,000	–	6,000,000	–	0.68%	–
	New	UNITED STATES STL CORP NEWnote 2.750% 4/0	$8,275,000	–	7,500,000	–	0.68%	–
CL	New	COLGATE PALMOLIVE CO	$8,161,000	–	124,769	–	0.67%	–
	New	ACORDA THERAPEUTICS INCnote 1.750% 6/1	$8,103,000	–	8,000,000	–	0.66%	–
MMM	New	3M CO	$7,944,000	–	51,478	–	0.65%	–
DOV	New	DOVER CORP	$6,859,000	–	97,745	–	0.56%	–
	New	ARES CAP CORPnote 4.750% 1/1	$6,674,000	–	6,500,000	–	0.55%	–
ETFC	New	E TRADE FINANCIAL CORP	$6,100,000	–	203,660	–	0.50%	–
PM	New	PHILIP MORRIS INTL INC	$4,354,000	–	54,304	–	0.36%	–
RAI	New	REYNOLDS AMERICAN INC	$4,283,000	–	57,364	–	0.35%	–
ED	New	CONSOLIDATED EDISON INC	$4,029,000	–	69,601	–	0.33%	–
REGI	New	RENEWABLE ENERGY GROUP INC	$3,849,000	–	333,000	–	0.32%	–
SO	New	SOUTHERN CO	$3,806,000	–	90,840	–	0.31%	–
AIG	New	AMERICAN INTL GROUP INC	$2,976,000	–	48,147	–	0.24%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$2,620,000	–	95,314	–	0.22%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$2,197,000	–	12,828	–	0.18%	–
FB	New	FACEBOOK INCcl a	$1,911,000	–	22,283	–	0.16%	–
AGN	New	ALLERGAN PLC	$1,833,000	–	6,040	–	0.15%	–
MA	New	MASTERCARD INCcl a	$1,802,000	–	19,281	–	0.15%	–
JDSU	New	JDS UNIPHASE CORP	$1,793,000	–	154,832	–	0.15%	–
V	New	VISA INC	$1,743,000	–	25,964	–	0.14%	–
LBTYA	New	LIBERTY GLOBAL PLC	$1,725,000	–	31,908	–	0.14%	–
	New	BIOMARIN PHARMACEUTICAL INCnote 0.750%10/1	$1,541,000	–	1,000,000	–	0.13%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$1,497,000	–	11,265	–	0.12%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$1,473,000	–	130,201	–	0.12%	–
BID	New	SOTHEBYS	$1,466,000	–	32,412	–	0.12%	–
LBTYK	New	LIBERTY GLOBAL PLC	$1,400,000	–	27,651	–	0.12%	–
ADBE	New	ADOBE SYS INC	$1,297,000	–	16,015	–	0.11%	–
AAL	New	AMERICAN AIRLS GROUP INC	$1,283,000	–	32,117	–	0.10%	–
INTU	New	INTUIT	$1,217,000	–	12,080	–	0.10%	–
LRCX	New	LAM RESEARCH CORP	$1,206,000	–	14,820	–	0.10%	–
MON	New	MONSANTO CO NEW	$1,183,000	–	11,099	–	0.10%	–
BIDU	New	BAIDU INCspon adr rep a	$1,164,000	–	5,847	–	0.10%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,146,000	–	13,927	–	0.09%	–
LEN	New	LENNAR CORPcl a	$1,124,000	–	22,028	–	0.09%	–
KR	New	KROGER CO	$1,092,000	–	15,065	–	0.09%	–
GE	New	GENERAL ELECTRIC CO	$1,077,000	–	40,549	–	0.09%	–
IPG	New	INTERPUBLIC GROUP COS INC	$1,052,000	–	54,608	–	0.09%	–
TW	New	TOWERS WATSON & COcl a	$1,020,000	–	8,106	–	0.08%	–
LAZ	New	LAZARD LTD	$1,004,000	–	17,858	–	0.08%	–
IT	New	GARTNER INC	$1,002,000	–	11,677	–	0.08%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$974,000	–	42,905	–	0.08%	–
CBRE	New	CBRE GROUP INCcl a	$946,000	–	25,579	–	0.08%	–
CVC	New	CABLEVISION SYS CORPcl a ny cablvs	$927,000	–	38,707	–	0.08%	–
CRTO	New	CRITEO S Aspons ads	$927,000	–	19,448	–	0.08%	–
C	New	CITIGROUP INC	$897,000	–	16,227	–	0.07%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$905,000	–	15,282	–	0.07%	–
RF	New	REGIONS FINL CORP NEW	$881,000	–	84,994	–	0.07%	–
EXP	New	EAGLE MATERIALS INC	$883,000	–	11,567	–	0.07%	–
MTSI	New	MA COM TECHNOLOGY SOLUTIONS	$841,000	–	21,991	–	0.07%	–
TWC	New	TIME WARNER CABLE INC	$805,000	–	4,520	–	0.07%	–
AXP	New	AMERICAN EXPRESS CO	$798,000	–	10,266	–	0.06%	–
X	New	UNITED STATES STL CORP NEW	$766,000	–	37,147	–	0.06%	–
	New	VIPSHOP HLDGS LTDnote 1.500% 3/1	$770,000	–	610,000	–	0.06%	–
AMTD	New	TD AMERITRADE HLDG CORP	$758,000	–	20,584	–	0.06%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$735,000	–	16,593	–	0.06%	–
EBAY	New	EBAY INC	$720,000	–	11,948	–	0.06%	–
NXPI	New	NXP SEMICONDUCTORS N V	$657,000	–	6,691	–	0.05%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$638,000	–	20,526	–	0.05%	–
SPF	New	STANDARD PAC CORP NEW	$622,000	–	69,803	–	0.05%	–
BHI	New	BAKER HUGHES INC	$607,000	–	9,843	–	0.05%	–
BAC	New	BANK AMER CORP	$598,000	–	35,137	–	0.05%	–
	New	TAKE-TWO INTERACTIVE SOFTWARnote 1.750%12/0	$597,000	–	400,000	–	0.05%	–
COST	New	COSTCO WHSL CORP NEW	$584,000	–	4,325	–	0.05%	–
EXPD	New	EXPEDITORS INTL WASH INC	$583,000	–	12,649	–	0.05%	–
	New	SOUFUN HLDGS LTDnote 2.000%12/1	$570,000	–	600,000	–	0.05%	–
HBI	New	HANESBRANDS INC	$556,000	–	16,680	–	0.05%	–
DATA	New	TABLEAU SOFTWARE INCcl a	$565,000	–	4,901	–	0.05%	–
KEY	New	KEYCORP NEW	$520,000	–	34,619	–	0.04%	–
	New	REDWOOD TR INCnote 4.625% 4/1	$483,000	–	500,000	–	0.04%	–
	New	SANDISK CORPnote 0.500%10/1	$487,000	–	500,000	–	0.04%	–
ODP	New	OFFICE DEPOT INC	$487,000	–	56,194	–	0.04%	–
KSU	New	KANSAS CITY SOUTHERN	$480,000	–	5,267	–	0.04%	–
LMCK	New	LIBERTY MEDIA CORP DELAWARE	$464,000	–	12,918	–	0.04%	–
CVCO	New	CAVCO INDS INC DEL	$447,000	–	5,920	–	0.04%	–
HRB	New	BLOCK H & R INC	$454,000	–	15,123	–	0.04%	–
AMCX	New	AMC NETWORKS INCcl a	$422,000	–	5,158	–	0.04%	–
TRIP	New	TRIPADVISOR INC	$405,000	–	4,649	–	0.03%	–
PCAR	New	PACCAR INC	$327,000	–	5,122	–	0.03%	–
DAL	New	DELTA AIR LINES INC DEL	$304,000	–	7,409	–	0.02%	–
	New	STARWOOD PPTY TR INCnote 3.750%10/1	$303,000	–	300,000	–	0.02%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$310,000	–	11,177	–	0.02%	–
	New	WORKDAY INCnote 1.500% 7/1	$235,000	–	200,000	–	0.02%	–
	New	SPIRIT RLTY CAP INC NEWnote 3.750% 5/1	$233,000	–	250,000	–	0.02%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$229,000	–	3,000	–	0.02%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$220,000	–	6,097	–	0.02%	–
LVNTA	New	LIBERTY INTERACTIVE CORP	$208,000	–	5,307	–	0.02%	–
	New	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$193,000	–	200,000	–	0.02%	–
WW	New	WEIGHT WATCHERS INTL INC NEW	$122,000	–	25,222	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	RYLAND GROUP INCnote 0.250% 6/0	$0	–	-200,000	–	-0.02%	–
	Exit	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$0	–	-200,000	–	-0.02%	–
SLG	Exit	SL GREEN RLTY CORP	$0	–	-2,180	–	-0.02%	–
	Exit	CEMEX SAB DE CVnote 4.875% 3/1	$0	–	-200,000	–	-0.02%	–
	Exit	WORKDAY INCnote 1.500% 7/1	$0	–	-200,000	–	-0.02%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-27,486	–	-0.03%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-4,174	–	-0.03%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-10,574	–	-0.03%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-59,647	–	-0.03%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-6,472	–	-0.03%	–
NVDA	Exit	NVIDIA CORPput	$0	–	-8,000	–	-0.04%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-7,173	–	-0.04%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,899	–	-0.04%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEW	$0	–	-15,906	–	-0.04%	–
TW	Exit	TOWERS WATSON & COcl a	$0	–	-4,500	–	-0.04%	–
HBI	Exit	HANESBRANDS INC	$0	–	-4,426	–	-0.05%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-13,069	–	-0.05%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-21,202	–	-0.05%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-12,673	–	-0.05%	–
SPF	Exit	STANDARD PAC CORP NEW	$0	–	-69,940	–	-0.05%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-15,043	–	-0.06%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-11,417	–	-0.06%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-4,759	–	-0.06%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-7,044	–	-0.06%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-5,743	–	-0.06%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-17,803	–	-0.06%	–
LMCK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-12,944	–	-0.06%	–
BAC	Exit	BANK AMER CORP	$0	–	-35,205	–	-0.06%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-15,875	–	-0.06%	–
EBAY	Exit	EBAY INC	$0	–	-10,973	–	-0.06%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-4,398	–	-0.06%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-22,438	–	-0.06%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-17,237	–	-0.07%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-10,430	–	-0.07%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-9,914	–	-0.07%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-16,127	–	-0.07%	–
ZION	Exit	ZIONS BANCORPORATION	$0	–	-26,579	–	-0.08%	–
IT	Exit	GARTNER INC	$0	–	-10,657	–	-0.08%	–
TER	Exit	TERADYNE INC	$0	–	-40,661	–	-0.08%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-39,340	–	-0.08%	–
AOL	Exit	AOL INC	$0	–	-17,747	–	-0.08%	–
C	Exit	CITIGROUP INC	$0	–	-16,234	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-33,760	–	-0.08%	–
N	Exit	NETSUITE INC	$0	–	-9,745	–	-0.08%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-50,629	–	-0.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-10,600	–	-0.09%	–
LAZ	Exit	LAZARD LTD	$0	–	-18,923	–	-0.09%	–
FOX	Exit	TWENTY FIRST CENTY FOX INCcl b	$0	–	-61,500	–	-0.10%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-18,000	–	-0.10%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-7,029	–	-0.10%	–
BID	Exit	SOTHEBYS	$0	–	-30,186	–	-0.10%	–
CVC	Exit	CABLEVISION SYS CORPcl a ny cablvs	$0	–	-61,659	–	-0.10%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-27,706	–	-0.11%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-119,897	–	-0.11%	–
KR	Exit	KROGER CO	$0	–	-22,859	–	-0.12%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-18,089	–	-0.12%	–
QLTY	Exit	QUALITY DISTR INC FLA	$0	–	-97,813	–	-0.12%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-10,296	–	-0.13%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-35,120	–	-0.13%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-19,831	–	-0.13%	–
CSTM	Exit	CONSTELLIUM NVcl a	$0	–	-65,014	–	-0.16%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-21,489	–	-0.16%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-29,094	–	-0.16%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-8,737	–	-0.16%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-1,474	–	-0.17%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-55,158	–	-0.19%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-35,356	–	-0.20%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-22,867	–	-0.22%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-4,136	–	-0.24%	–
V	Exit	VISA INC	$0	–	-11,684	–	-0.24%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-34,060	–	-0.25%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-46,792	–	-0.25%	–
URI	Exit	UNITED RENTALS INC	$0	–	-24,874	–	-0.27%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-31,362	–	-0.28%	–
DOV	Exit	DOVER CORP	$0	–	-36,119	–	-0.28%	–
AAPL	Exit	APPLE INC	$0	–	-29,100	–	-0.29%	–
MMM	Exit	3M CO	$0	–	-21,157	–	-0.29%	–
KNX	Exit	KNIGHT TRANSN INC	$0	–	-110,966	–	-0.30%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-47,622	–	-0.30%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-49,594	–	-0.30%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-40,228	–	-0.31%	–
MON	Exit	MONSANTO CO NEW	$0	–	-29,611	–	-0.32%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-75,588	–	-0.36%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-46,787	–	-0.38%	–
T	Exit	AT&T INC	$0	–	-119,863	–	-0.41%	–
TREE	Exit	TREE COM INC	$0	–	-121,722	–	-0.43%	–
AMZN	Exit	AMAZON COM INC	$0	–	-15,489	–	-0.49%	–
KBH	Exit	KB HOME	$0	–	-335,628	–	-0.49%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-178,157	–	-0.50%	–
	Exit	CUBIST PHARMACEUTICALS INCnote 1.125% 9/0	$0	–	-5,000,000	–	-0.53%	–
HUBB	Exit	HUBBELL INCcl b	$0	–	-47,521	–	-0.56%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-154,003	–	-0.56%	–
REGI	Exit	RENEWABLE ENERGY GROUP INC	$0	–	-567,436	–	-0.56%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-36,143	–	-0.58%	–
HRB	Exit	BLOCK H & R INC	$0	–	-192,555	–	-0.58%	–
	Exit	ILLUMINA INCnote 0.250% 3/1	$0	–	-3,000,000	–	-0.58%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-131,597	–	-0.64%	–
MIC	Exit	MACQUARIE INFRASTR CO LLCmembership int	$0	–	-98,848	–	-0.64%	–
SPB	Exit	SPECTRUM BRANDS HLDGS INC	$0	–	-83,056	–	-0.73%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-116,828	–	-0.81%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-185,910	–	-0.84%	–
BG	Exit	BUNGE LIMITED	$0	–	-103,850	–	-0.85%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-238,992	–	-0.86%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-134,223	–	-0.86%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-262,672	–	-0.86%	–
	Exit	BROOKDALE SR LIVING INCnote 2.750% 6/1	$0	–	-7,000,000	–	-0.89%	–
	Exit	WRIGHT MED GROUP INCnote 2.000% 8/1	$0	–	-7,000,000	–	-0.92%	–
EXPR	Exit	EXPRESS INC	$0	–	-605,790	–	-0.92%	–
	Exit	TAKE-TWO INTERACTIVE SOFTWARnote 1.750%12/0	$0	–	-7,400,000	–	-0.96%	–
	Exit	TAKE-TWO INTERACTIVE SOFTWARnote 1.000% 7/0	$0	–	-8,000,000	–	-0.97%	–
	Exit	PRICELINE GRP INCdebt 1.000% 3/1	$0	–	-7,500,000	–	-0.98%	–
	Exit	MGM RESORTS INTERNATIONALnote 4.250% 4/1	$0	–	-8,000,000	–	-0.99%	–
	Exit	ANNALY CAP MGMT INCnote 5.000% 5/1	$0	–	-10,200,000	–	-1.01%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-140,398	–	-1.08%	–
	Exit	COLONY FINL INCnote 3.875% 1/1	$0	–	-11,650,000	–	-1.10%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-116,483	–	-1.11%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-329,089	–	-1.12%	–
	Exit	REDWOOD TR INCnote 4.625% 4/1	$0	–	-11,842,000	–	-1.15%	–
	Exit	RYLAND GROUP INCnote 1.625% 5/1	$0	–	-10,000,000	–	-1.20%	–
	Exit	ARES CAP CORPnote 5.125% 6/0	$0	–	-12,500,000	–	-1.28%	–
	Exit	LAM RESEARCH CORPnote 0.500% 5/1	$0	–	-10,500,000	–	-1.30%	–
	Exit	VIPSHOP HLDGS LTDnote 1.500% 3/1	$0	–	-11,100,000	–	-1.31%	–
	Exit	CUBIST PHARMACEUTICALS INCnote 1.875% 9/0	$0	–	-12,500,000	–	-1.36%	–
	Exit	PRICELINE GRP INCnote 0.350% 6/1	$0	–	-12,500,000	–	-1.37%	–
	Exit	INTEL CORPsdcv 3.250% 8/0	$0	–	-8,500,000	–	-1.39%	–
	Exit	TESLA MTRS INCnote 1.250% 3/0	$0	–	-14,900,000	–	-1.39%	–
BYD	Exit	BOYD GAMING CORP	$0	–	-1,430,929	–	-1.42%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-25,446	–	-1.43%	–
	Exit	HOLOGIC INCfrnt 2.000%12/1	$0	–	-12,500,000	–	-1.46%	–
	Exit	ELECTRONIC ARTS INCnote 0.750% 7/1	$0	–	-13,000,000	–	-1.56%	–
	Exit	PROLOGISnote 3.250% 3/1	$0	–	-15,500,000	–	-1.59%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-463,860	–	-1.60%	–
	Exit	LIBERTY INTERACTIVE LLCdeb 0.750% 3/3	$0	–	-12,500,000	–	-1.63%	–
SWFT	Exit	SWIFT TRANSN COcl a	$0	–	-801,256	–	-1.64%	–
	Exit	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$0	–	-20,000,000	–	-1.89%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-282,024	–	-2.05%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-405,147	–	-3.02%	–
	Exit	STARWOOD PPTY TR INCnote 4.550% 3/0	$0	–	-29,180,000	–	-3.05%	–
	Exit	SALESFORCE COM INCnote 0.250% 4/0	$0	–	-34,100,000	–	-3.70%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-385,151	–	-4.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-892,238	–	-4.04%	–
PFE	Exit	PFIZER INC	$0	–	-1,535,320	–	-4.43%	–
	Exit	ARES CAP CORPnote 5.750% 2/0	$0	–	-43,600,000	–	-4.48%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-836,400	–	-4.84%	–
LLY	Exit	LILLY ELI & CO	$0	–	-766,728	–	-4.85%	–

Q3 2014

			Value		Shares		↓ Weighting
LLY	Buy	LILLY ELI & CO	$49,723,000	+8.8%	766,728	+4.3%	4.85%	+19.2%
MRK	Buy	MERCK & CO INC NEW	$49,582,000	+6.5%	836,400	+3.9%	4.84%	+16.6%
	Buy	ARES CAP CORPnote 5.750% 2/0	$45,923,000	-1.0%	43,600,000	+0.5%	4.48%	+8.4%
PFE	Buy	PFIZER INC	$45,400,000	+3.8%	1,535,320	+4.2%	4.43%	+13.6%
MSFT	Sell	MICROSOFT CORP	$41,365,000	-0.8%	892,238	-10.8%	4.04%	+8.6%
JNJ	Buy	JOHNSON & JOHNSON	$41,053,000	+6.4%	385,151	+4.4%	4.00%	+16.5%
	Sell	SALESFORCE COM INCnote 0.250% 4/0	$37,979,000	-9.2%	34,100,000	-6.6%	3.70%	-0.6%
	Sell	STARWOOD PPTY TR INCnote 4.550% 3/0	$31,291,000	-8.0%	29,180,000	-3.3%	3.05%	+0.8%
WMT	Buy	WAL-MART STORES INC	$30,981,000	+6.1%	405,147	+4.2%	3.02%	+16.1%
TAP	Buy	MOLSON COORS BREWING COcl b	$20,994,000	+57.7%	282,024	+57.1%	2.05%	+72.7%
	Sell	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$19,375,000	-13.3%	20,000,000	-10.3%	1.89%	-5.1%
SWFT	Buy	SWIFT TRANSN COcl a	$16,810,000	+219.8%	801,256	+284.6%	1.64%	+250.4%
	Sell	LIBERTY INTERACTIVE LLCdeb 0.750% 3/3	$16,719,000	-30.9%	12,500,000	-30.6%	1.63%	-24.4%
HPQ	Buy	HEWLETT PACKARD CO	$16,452,000	+6.5%	463,860	+1.1%	1.60%	+16.6%
	Buy	PROLOGISnote 3.250% 3/1	$16,308,000	+142.9%	15,500,000	+158.3%	1.59%	+166.1%
	Sell	ELECTRONIC ARTS INCnote 0.750% 7/1	$16,031,000	-41.1%	13,000,000	-39.5%	1.56%	-35.5%
	Sell	HOLOGIC INCfrnt 2.000%12/1	$14,977,000	-21.6%	12,500,000	-18.0%	1.46%	-14.2%
GOOG	Buy	GOOGLE INCcl c	$14,692,000	+203.6%	25,446	+202.5%	1.43%	+232.5%
BYD	New	BOYD GAMING CORP	$14,538,000	–	1,430,929	–	1.42%	–
	Buy	TESLA MTRS INCnote 1.250% 3/0	$14,255,000	+225.9%	14,900,000	+231.1%	1.39%	+256.7%
	New	INTEL CORPsdcv 3.250% 8/0	$14,243,000	–	8,500,000	–	1.39%	–
	New	PRICELINE GRP INCnote 0.350% 6/1	$14,019,000	–	12,500,000	–	1.37%	–
	New	CUBIST PHARMACEUTICALS INCnote 1.875% 9/0	$13,968,000	–	12,500,000	–	1.36%	–
	Sell	VIPSHOP HLDGS LTDnote 1.500% 3/1	$13,416,000	-19.0%	11,100,000	-20.7%	1.31%	-11.3%
	Sell	LAM RESEARCH CORPnote 0.500% 5/1	$13,368,000	-28.4%	10,500,000	-30.0%	1.30%	-21.6%
	Buy	RYLAND GROUP INCnote 1.625% 5/1	$12,342,000	+10.0%	10,000,000	+25.0%	1.20%	+20.4%
	Sell	REDWOOD TR INCnote 4.625% 4/1	$11,753,000	-18.4%	11,842,000	-14.4%	1.15%	-10.7%
SEE	New	SEALED AIR CORP NEW	$11,479,000	–	329,089	–	1.12%	–
CHDN	New	CHURCHILL DOWNS INC	$11,357,000	–	116,483	–	1.11%	–
FB	Buy	FACEBOOK INCcl a	$11,098,000	+383.2%	140,398	+311.3%	1.08%	+428.3%
	New	ANNALY CAP MGMT INCnote 5.000% 5/1	$10,324,000	–	10,200,000	–	1.01%	–
	Buy	MGM RESORTS INTERNATIONALnote 4.250% 4/1	$10,137,000	-8.6%	8,000,000	+6.7%	0.99%	+0.1%
	Sell	PRICELINE GRP INCdebt 1.000% 3/1	$10,083,000	-56.9%	7,500,000	-54.5%	0.98%	-52.8%
	Sell	TAKE-TWO INTERACTIVE SOFTWARnote 1.000% 7/0	$9,935,000	-18.8%	8,000,000	-20.0%	0.97%	-11.1%
	Buy	TAKE-TWO INTERACTIVE SOFTWARnote 1.750%12/0	$9,880,000	+50.6%	7,400,000	+48.0%	0.96%	+64.8%
EXPR	New	EXPRESS INC	$9,456,000	–	605,790	–	0.92%	–
	Sell	BROOKDALE SR LIVING INCnote 2.750% 6/1	$9,084,000	-16.6%	7,000,000	-12.5%	0.89%	-8.8%
LUV	New	SOUTHWEST AIRLS CO	$8,870,000	–	262,672	–	0.86%	–
BBBY	New	BED BATH & BEYOND INC	$8,836,000	–	134,223	–	0.86%	–
URBN	New	URBAN OUTFITTERS INC	$8,771,000	–	238,992	–	0.86%	–
BG	New	BUNGE LIMITED	$8,747,000	–	103,850	–	0.85%	–
VLO	New	VALERO ENERGY CORP NEW	$8,602,000	–	185,910	–	0.84%	–
CTXS	New	CITRIX SYS INC	$8,335,000	–	116,828	–	0.81%	–
SPB	New	SPECTRUM BRANDS HLDGS INC	$7,519,000	–	83,056	–	0.73%	–
MIC	Sell	MACQUARIE INFRASTR CO LLCmembership int	$6,593,000	-31.9%	98,848	-36.3%	0.64%	-25.5%
	New	ILLUMINA INCnote 0.250% 3/1	$5,981,000	–	3,000,000	–	0.58%	–
HRB	Sell	BLOCK H & R INC	$5,971,000	-60.5%	192,555	-57.3%	0.58%	-56.8%
RL	New	RALPH LAUREN CORPcl a	$5,954,000	–	36,143	–	0.58%	–
REGI	Buy	RENEWABLE ENERGY GROUP INC	$5,759,000	+32.5%	567,436	+49.8%	0.56%	+45.2%
HUBB	New	HUBBELL INCcl b	$5,728,000	–	47,521	–	0.56%	–
RLGY	New	REALOGY HLDGS CORP	$5,729,000	–	154,003	–	0.56%	–
	New	CUBIST PHARMACEUTICALS INCnote 1.125% 9/0	$5,421,000	–	5,000,000	–	0.53%	–
KAR	Sell	KAR AUCTION SVCS INC	$5,101,000	-42.2%	178,157	-35.6%	0.50%	-36.6%
KBH	New	KB HOME	$5,014,000	–	335,628	–	0.49%	–
AMZN	Buy	AMAZON COM INC	$4,994,000	+1.6%	15,489	+2.3%	0.49%	+11.2%
TREE	Sell	TREE COM INC	$4,369,000	-33.2%	121,722	-45.8%	0.43%	-26.9%
T	Buy	AT&T INC	$4,224,000	+15.3%	119,863	+15.7%	0.41%	+26.4%
PG	Buy	PROCTER & GAMBLE CO	$3,918,000	+18.6%	46,787	+11.3%	0.38%	+29.9%
RHI	New	ROBERT HALF INTL INC	$3,704,000	–	75,588	–	0.36%	–
MON	Buy	MONSANTO CO NEW	$3,331,000	+209.6%	29,611	+243.4%	0.32%	+238.5%
CVS	Buy	CVS HEALTH CORP	$3,202,000	+17.5%	40,228	+11.3%	0.31%	+28.4%
EMR	Buy	EMERSON ELEC CO	$3,104,000	+17.7%	49,594	+24.8%	0.30%	+28.9%
CL	Buy	COLGATE PALMOLIVE CO	$3,106,000	+14.3%	47,622	+19.4%	0.30%	+25.2%
KNX	New	KNIGHT TRANSN INC	$3,039,000	–	110,966	–	0.30%	–
MMM	Buy	3M CO	$2,998,000	+16.5%	21,157	+17.7%	0.29%	+27.5%
AAPL	Buy	APPLE INC	$2,932,000	+176.9%	29,100	+155.3%	0.29%	+204.3%
DOV	Buy	DOVER CORP	$2,901,000	+14.6%	36,119	+29.8%	0.28%	+25.2%
TRIP	Buy	TRIPADVISOR INC	$2,867,000	-11.7%	31,362	+5.0%	0.28%	-3.1%
URI	Sell	UNITED RENTALS INC	$2,764,000	-8.6%	24,874	-13.9%	0.27%	+0.4%
AIG	Buy	AMERICAN INTL GROUP INC	$2,528,000	+19.7%	46,792	+20.9%	0.25%	+31.4%
V	Buy	VISA INC	$2,493,000	+11.2%	11,684	+9.8%	0.24%	+21.5%
GOOGL	Buy	GOOGLE INCcl a	$2,434,000	+11.4%	4,136	+10.7%	0.24%	+21.5%
WDC	New	WESTERN DIGITAL CORP	$2,225,000	–	22,867	–	0.22%	–
AMCX	Buy	AMC NETWORKS INCcl a	$2,066,000	+513.1%	35,356	+545.8%	0.20%	+573.3%
AAL	Sell	AMERICAN AIRLS GROUP INC	$1,957,000	-88.8%	55,158	-86.5%	0.19%	-87.8%
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$1,651,000	–	8,737	–	0.16%	–
LRCX	Buy	LAM RESEARCH CORP	$1,605,000	+115.1%	21,489	+94.8%	0.16%	+137.9%
TEL	Buy	TE CONNECTIVITY LTD	$1,609,000	+15.4%	29,094	+29.1%	0.16%	+26.6%
CSTM	Sell	CONSTELLIUM NVcl a	$1,600,000	-31.4%	65,014	-10.7%	0.16%	-25.0%
ADBE	Buy	ADOBE SYS INC	$1,372,000	+1.8%	19,831	+6.4%	0.13%	+11.7%
XPO	New	XPO LOGISTICS INC	$1,323,000	–	35,120	–	0.13%	–
COST	Buy	COSTCO WHSL CORP NEW	$1,290,000	+31.6%	10,296	+20.9%	0.13%	+44.8%
QLTY	New	QUALITY DISTR INC FLA	$1,250,000	–	97,813	–	0.12%	–
NXPI	Sell	NXP SEMICONDUCTORS N V	$1,238,000	-88.4%	18,089	-88.8%	0.12%	-87.3%
KR	Buy	KROGER CO	$1,189,000	+27.3%	22,859	+20.9%	0.12%	+39.8%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$1,167,000	+23.4%	119,897	+20.9%	0.11%	+35.7%
LBTYK	Sell	LIBERTY GLOBAL PLC	$1,136,000	-24.3%	27,706	-21.9%	0.11%	-17.2%
BID	Buy	SOTHEBYS	$1,078,000	+75.6%	30,186	+106.3%	0.10%	+90.9%
CVC	Buy	CABLEVISION SYS CORPcl a ny cablvs	$1,080,000	+1.2%	61,659	+2.0%	0.10%	+10.5%
CHTR	Sell	CHARTER COMMUNICATIONS INC Dcl a new	$1,064,000	-60.1%	7,029	-58.3%	0.10%	-56.3%
CTRP	New	CTRIP COM INTL LTD	$1,022,000	–	18,000	–	0.10%	–
FOX	New	TWENTY FIRST CENTY FOX INCcl b	$992,000	–	61,500	–	0.10%	–
LAZ	Buy	LAZARD LTD	$959,000	+18.8%	18,923	+20.9%	0.09%	+30.6%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$942,000	–	10,600	–	0.09%	–
IPG	Buy	INTERPUBLIC GROUP COS INC	$928,000	+13.6%	50,629	+20.9%	0.09%	+24.7%
N	Buy	NETSUITE INC	$873,000	+17.5%	9,745	+14.0%	0.08%	+28.8%
GE	Buy	GENERAL ELECTRIC CO	$865,000	+6.5%	33,760	+9.3%	0.08%	+16.7%
C	Buy	CITIGROUP INC	$841,000	+16.0%	16,234	+5.5%	0.08%	+26.2%
AOL	Buy	AOL INC	$798,000	+36.6%	17,747	+20.9%	0.08%	+50.0%
TER	New	TERADYNE INC	$788,000	–	40,661	–	0.08%	–
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$794,000	+34.1%	39,340	+42.2%	0.08%	+45.3%
IT	Buy	GARTNER INC	$783,000	+26.1%	10,657	+20.9%	0.08%	+38.2%
ZION	Buy	ZIONS BANCORPORATION	$772,000	+19.1%	26,579	+20.9%	0.08%	+29.3%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$676,000	+18.0%	16,127	+20.9%	0.07%	+29.4%
X	Sell	UNITED STATES STL CORP NEW	$675,000	+41.2%	17,237	-6.0%	0.07%	+53.5%
DVN	Buy	DEVON ENERGY CORP NEW	$676,000	+3.8%	9,914	+20.9%	0.07%	+13.8%
BHI	Buy	BAKER HUGHES INC	$679,000	+5.8%	10,430	+20.9%	0.07%	+15.8%
CBRE	Buy	CBRE GROUP INCcl a	$667,000	+12.1%	22,438	+20.9%	0.06%	+22.6%
TWC	Buy	TIME WARNER CABLE INC	$631,000	+17.7%	4,398	+20.9%	0.06%	+29.2%
EBAY	Sell	EBAY INC	$621,000	-66.4%	10,973	-70.2%	0.06%	-62.8%
LEN	Sell	LENNAR CORPcl a	$616,000	-94.4%	15,875	-94.0%	0.06%	-93.9%
BAC	Sell	BANK AMER CORP	$600,000	+7.0%	35,205	-3.6%	0.06%	+18.0%
LMCK	New	LIBERTY MEDIA CORP DELAWARE	$608,000	–	12,944	–	0.06%	–
AMTD	Buy	TD AMERITRADE HLDG CORP	$594,000	+28.6%	17,803	+20.9%	0.06%	+41.5%
EXP	Sell	EAGLE MATERIALS INC	$585,000	-94.2%	5,743	-94.6%	0.06%	-93.6%
PM	Buy	PHILIP MORRIS INTL INC	$587,000	+19.6%	7,044	+20.9%	0.06%	+29.5%
KSU	Buy	KANSAS CITY SOUTHERN	$577,000	+36.4%	4,759	+20.9%	0.06%	+47.4%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$564,000	+8.7%	11,417	+20.9%	0.06%	+19.6%
DISCK	Buy	DISCOVERY COMMUNICATNS NEW	$561,000	+24.1%	15,043	+141.8%	0.06%	+37.5%
SPF	Buy	STANDARD PAC CORP NEW	$524,000	+5.4%	69,940	+20.9%	0.05%	+15.9%
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$509,000	+17.6%	21,202	+20.9%	0.05%	+28.2%
EXPD	Buy	EXPEDITORS INTL WASH INC	$514,000	+11.0%	12,673	+20.9%	0.05%	+22.0%
DAL	Sell	DELTA AIR LINES INC DEL	$472,000	-37.4%	13,069	-32.9%	0.05%	-31.3%
HBI	Buy	HANESBRANDS INC	$476,000	+32.2%	4,426	+20.9%	0.05%	+43.8%
TW	Buy	TOWERS WATSON & COcl a	$448,000	+15.5%	4,500	+20.9%	0.04%	+25.7%
WW	New	WEIGHT WATCHERS INTL INC NEW	$436,000	–	15,906	–	0.04%	–
AXP	Sell	AMERICAN EXPRESS CO	$429,000	-62.1%	4,899	-59.0%	0.04%	-58.4%
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$395,000	+17.2%	7,173	+20.9%	0.04%	+30.0%
NVDA	New	NVIDIA CORPput	$360,000	–	8,000	–	0.04%	–
LMCA	Buy	LIBERTY MEDIA CORP DELAWAREcl a	$305,000	-58.3%	6,472	+20.9%	0.03%	-53.8%
ODP	Buy	OFFICE DEPOT INC	$307,000	+9.3%	59,647	+20.9%	0.03%	+20.0%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$302,000	+17.5%	10,574	+20.9%	0.03%	+26.1%
CVCO	Buy	CAVCO INDS INC DEL	$284,000	-3.4%	4,174	+20.9%	0.03%	+7.7%
RF	Buy	REGIONS FINL CORP NEW	$276,000	+14.5%	27,486	+20.9%	0.03%	+28.6%
	New	WORKDAY INCnote 1.500% 7/1	$248,000	–	200,000	–	0.02%	–
	Sell	CEMEX SAB DE CVnote 4.875% 3/1	$240,000	-98.1%	200,000	-98.0%	0.02%	-97.9%
	Sell	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$202,000	-99.1%	200,000	-99.0%	0.02%	-99.0%
LVNTA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-4,130	–	-0.03%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-11,250	–	-0.03%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-22,000	–	-0.05%	–
LEE	Exit	LEE ENTERPRISES INC	$0	–	-171,775	–	-0.07%	–
SNDK	Exit	SANDISK CORP	$0	–	-11,811	–	-0.11%	–
BB	Exit	BLACKBERRY LTD	$0	–	-20,113	–	-0.18%	–
	Exit	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$0	–	-2,500,000	–	-0.23%	–
MLM	Exit	MARTIN MARIETTA MATLS INC	$0	–	-41,397	–	-0.49%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-297,143	–	-0.60%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-220,411	–	-0.70%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-62,320	–	-0.73%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-128,841	–	-0.73%	–
EXH	Exit	EXTERRAN HLDGS INC	$0	–	-191,013	–	-0.77%	–
VMC	Exit	VULCAN MATLS CO	$0	–	-136,562	–	-0.78%	–
NRG	Exit	NRG ENERGY INC	$0	–	-276,142	–	-0.92%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-183,888	–	-0.93%	–
	Exit	FORD MTR CO DELnote 4.250%11/1	$0	–	-5,500,000	–	-0.98%	–
ANF	Exit	ABERCROMBIE & FITCH COcl a	$0	–	-270,564	–	-1.04%	–
	Exit	PHH CORPnote 4.000% 9/0	$0	–	-13,000,000	–	-1.17%	–
	Exit	HORNBECK OFFSHORE SVCS INC Nnote 1.500% 9/0	$0	–	-11,500,000	–	-1.24%	–
	Exit	TOLL BROS FIN CORPnote 0.500% 9/1	$0	–	-13,600,000	–	-1.29%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-362,334	–	-1.29%	–
	Exit	UNITED STATES STL CORP NEWnote 2.750% 4/0	$0	–	-12,500,000	–	-1.40%	–
	Exit	AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1	$0	–	-16,250,000	–	-1.51%	–
	Exit	INTEL CORPsdcv 2.950%12/1	$0	–	-33,000,000	–	-3.66%	–

Q2 2014

			Value		Shares		↓ Weighting
MRK	New	MERCK & CO INC NEW	$46,566,000	–	804,935	–	4.15%	–
	New	ARES CAP CORPnote 5.750% 2/0	$46,391,000	–	43,380,000	–	4.13%	–
LLY	New	LILLY ELI & CO	$45,691,000	–	734,934	–	4.07%	–
PFE	New	PFIZER INC	$43,743,000	–	1,473,829	–	3.90%	–
	New	SALESFORCE COM INCnote 0.250% 4/0	$41,817,000	–	36,500,000	–	3.73%	–
MSFT	New	MICROSOFT CORP	$41,706,000	–	1,000,171	–	3.72%	–
	New	INTEL CORPsdcv 2.950%12/1	$41,106,000	–	33,000,000	–	3.66%	–
JNJ	New	JOHNSON & JOHNSON	$38,586,000	–	368,828	–	3.44%	–
	New	STARWOOD PPTY TR INCnote 4.550% 3/0	$34,006,000	–	30,180,000	–	3.03%	–
WMT	New	WAL-MART STORES INC	$29,196,000	–	388,919	–	2.60%	–
	New	ELECTRONIC ARTS INCnote 0.750% 7/1	$27,198,000	–	21,500,000	–	2.42%	–
	New	LIBERTY INTERACTIVE LLCdeb 0.750% 3/3	$24,210,000	–	18,000,000	–	2.16%	–
	New	PRICELINE GRP INCdebt 1.000% 3/1	$23,406,000	–	16,500,000	–	2.09%	–
	New	SPIRIT RLTY CAP INC NEWnote 2.875% 5/1	$22,359,000	–	22,300,000	–	1.99%	–
	New	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$21,644,000	–	20,200,000	–	1.93%	–
	New	HOLOGIC INCfrnt 2.000%12/1	$19,103,000	–	15,250,000	–	1.70%	–
	New	LAM RESEARCH CORPnote 0.500% 5/1	$18,675,000	–	15,000,000	–	1.66%	–
AAL	New	AMERICAN AIRLS GROUP INC	$17,513,000	–	407,670	–	1.56%	–
	New	AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1	$16,936,000	–	16,250,000	–	1.51%	–
	New	VIPSHOP HLDGS LTDnote 1.500% 3/1	$16,562,000	–	14,000,000	–	1.48%	–
	New	UNITED STATES STL CORP NEWnote 2.750% 4/0	$15,651,000	–	12,500,000	–	1.40%	–
HPQ	New	HEWLETT PACKARD CO	$15,450,000	–	458,709	–	1.38%	–
HRB	New	BLOCK H & R INC	$15,106,000	–	450,650	–	1.35%	–
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$14,468,000	–	362,334	–	1.29%	–
	New	TOLL BROS FIN CORPnote 0.500% 9/1	$14,427,000	–	13,600,000	–	1.29%	–
	New	REDWOOD TR INCnote 4.625% 4/1	$14,408,000	–	13,842,000	–	1.28%	–
	New	HORNBECK OFFSHORE SVCS INC Nnote 1.500% 9/0	$13,915,000	–	11,500,000	–	1.24%	–
	New	ARES CAP CORPnote 5.125% 6/0	$13,425,000	–	12,500,000	–	1.20%	–
TAP	New	MOLSON COORS BREWING COcl b	$13,315,000	–	179,543	–	1.19%	–
	New	PHH CORPnote 4.000% 9/0	$13,125,000	–	13,000,000	–	1.17%	–
	New	CEMEX SAB DE CVnote 4.875% 3/1	$12,563,000	–	10,000,000	–	1.12%	–
	New	TAKE-TWO INTERACTIVE SOFTWARnote 1.000% 7/0	$12,233,000	–	10,000,000	–	1.09%	–
	New	COLONY FINL INCnote 3.875% 1/1	$11,912,000	–	11,650,000	–	1.06%	–
ANF	New	ABERCROMBIE & FITCH COcl a	$11,702,000	–	270,564	–	1.04%	–
	New	RYLAND GROUP INCnote 1.625% 5/1	$11,219,000	–	8,000,000	–	1.00%	–
	New	MGM RESORTS INTERNATIONALnote 4.250% 4/1	$11,090,000	–	7,500,000	–	0.99%	–
LEN	New	LENNAR CORPcl a	$11,061,000	–	263,479	–	0.99%	–
	New	FORD MTR CO DELnote 4.250%11/1	$11,023,000	–	5,500,000	–	0.98%	–
	New	BROOKDALE SR LIVING INCnote 2.750% 6/1	$10,893,000	–	8,000,000	–	0.97%	–
NXPI	New	NXP SEMICONDUCTORS N V	$10,663,000	–	161,132	–	0.95%	–
STX	New	SEAGATE TECHNOLOGY PLC	$10,449,000	–	183,888	–	0.93%	–
NRG	New	NRG ENERGY INC	$10,272,000	–	276,142	–	0.92%	–
EXP	New	EAGLE MATERIALS INC	$10,003,000	–	106,092	–	0.89%	–
MIC	New	MACQUARIE INFRASTR CO LLCmembership int	$9,682,000	–	155,239	–	0.86%	–
	New	WRIGHT MED GROUP INCnote 2.000% 8/1	$9,628,000	–	7,000,000	–	0.86%	–
KAR	New	KAR AUCTION SVCS INC	$8,821,000	–	276,794	–	0.79%	–
VMC	New	VULCAN MATLS CO	$8,706,000	–	136,562	–	0.78%	–
EXH	New	EXTERRAN HLDGS INC	$8,594,000	–	191,013	–	0.77%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$8,219,000	–	128,841	–	0.73%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$8,214,000	–	62,320	–	0.73%	–
EA	New	ELECTRONIC ARTS INC	$7,906,000	–	220,411	–	0.70%	–
	New	PROLOGISnote 3.250% 3/1	$6,713,000	–	6,000,000	–	0.60%	–
AMAT	New	APPLIED MATLS INC	$6,701,000	–	297,143	–	0.60%	–
	New	TAKE-TWO INTERACTIVE SOFTWARnote 1.750%12/0	$6,561,000	–	5,000,000	–	0.58%	–
TREE	New	TREE COM INC	$6,539,000	–	224,406	–	0.58%	–
VZ	New	VERIZON COMMUNICATIONS INC	$6,448,000	–	131,597	–	0.58%	–
MLM	New	MARTIN MARIETTA MATLS INC	$5,466,000	–	41,397	–	0.49%	–
SWFT	New	SWIFT TRANSN COcl a	$5,257,000	–	208,356	–	0.47%	–
AMZN	New	AMAZON COM INC	$4,916,000	–	15,134	–	0.44%	–
GOOG	New	GOOGLE INCcl c	$4,839,000	–	8,411	–	0.43%	–
	New	TESLA MTRS INCnote 1.250% 3/0	$4,374,000	–	4,500,000	–	0.39%	–
REGI	New	RENEWABLE ENERGY GROUP INC	$4,345,000	–	378,838	–	0.39%	–
T	New	AT&T INC	$3,664,000	–	103,613	–	0.33%	–
PG	New	PROCTER & GAMBLE CO	$3,304,000	–	42,044	–	0.29%	–
TRIP	New	TRIPADVISOR INC	$3,246,000	–	29,875	–	0.29%	–
URI	New	UNITED RENTALS INC	$3,024,000	–	28,874	–	0.27%	–
CVS	New	CVS CAREMARK CORPORATION	$2,725,000	–	36,153	–	0.24%	–
CL	New	COLGATE PALMOLIVE CO	$2,718,000	–	39,869	–	0.24%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$2,668,000	–	16,845	–	0.24%	–
EMR	New	EMERSON ELEC CO	$2,637,000	–	39,743	–	0.24%	–
	New	CHESAPEAKE ENERGY CORPnote 2.500% 5/1	$2,626,000	–	2,500,000	–	0.23%	–
MMM	New	3M CO	$2,574,000	–	17,973	–	0.23%	–
DOV	New	DOVER CORP	$2,531,000	–	27,830	–	0.23%	–
MA	New	MASTERCARD INCcl a	$2,502,000	–	34,060	–	0.22%	–
CSTM	New	CONSTELLIUM NVcl a	$2,334,000	–	72,814	–	0.21%	–
FB	New	FACEBOOK INCcl a	$2,297,000	–	34,132	–	0.20%	–
V	New	VISA INC	$2,242,000	–	10,639	–	0.20%	–
GOOGL	New	GOOGLE INCcl a	$2,184,000	–	3,736	–	0.20%	–
AIG	New	AMERICAN INTL GROUP INC	$2,112,000	–	38,694	–	0.19%	–
BB	New	BLACKBERRY LTD	$1,981,000	–	20,113	–	0.18%	–
EBAY	New	EBAY INC	$1,846,000	–	36,875	–	0.16%	–
PCLN	New	PRICELINE GRP INC	$1,773,000	–	1,474	–	0.16%	–
LBTYK	New	LIBERTY GLOBAL PLC	$1,500,000	–	35,460	–	0.13%	–
TEL	New	TE CONNECTIVITY LTD	$1,394,000	–	22,544	–	0.12%	–
ADBE	New	ADOBE SYS INC	$1,348,000	–	18,631	–	0.12%	–
SNDK	New	SANDISK CORP	$1,233,000	–	11,811	–	0.11%	–
AXP	New	AMERICAN EXPRESS CO	$1,133,000	–	11,951	–	0.10%	–
MON	New	MONSANTO CO NEW	$1,076,000	–	8,622	–	0.10%	–
CVC	New	CABLEVISION SYS CORPcl a ny cablvs	$1,067,000	–	60,444	–	0.10%	–
AAPL	New	APPLE INC	$1,059,000	–	11,400	–	0.09%	–
COST	New	COSTCO WHSL CORP NEW	$980,000	–	8,514	–	0.09%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$946,000	–	99,147	–	0.08%	–
KR	New	KROGER CO	$934,000	–	18,903	–	0.08%	–
IPG	New	INTERPUBLIC GROUP COS INC	$817,000	–	41,867	–	0.07%	–
LAZ	New	LAZARD LTD	$807,000	–	15,648	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$812,000	–	30,901	–	0.07%	–
LEE	New	LEE ENTERPRISES INC	$764,000	–	171,775	–	0.07%	–
DAL	New	DELTA AIR LINES INC DEL	$754,000	–	19,477	–	0.07%	–
LRCX	New	LAM RESEARCH CORP	$746,000	–	11,034	–	0.07%	–
N	New	NETSUITE INC	$743,000	–	8,550	–	0.07%	–
C	New	CITIGROUP INC	$725,000	–	15,388	–	0.06%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$732,000	–	5,352	–	0.06%	–
DVN	New	DEVON ENERGY CORP NEW	$651,000	–	8,198	–	0.06%	–
ZION	New	ZIONS BANCORPORATION	$648,000	–	21,979	–	0.06%	–
BHI	New	BAKER HUGHES INC	$642,000	–	8,625	–	0.06%	–
IT	New	GARTNER INC	$621,000	–	8,813	–	0.06%	–
BID	New	SOTHEBYS	$614,000	–	14,630	–	0.06%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$592,000	–	27,659	–	0.05%	–
CBRE	New	CBRE GROUP INCcl a	$595,000	–	18,555	–	0.05%	–
AOL	New	AOL INC	$584,000	–	14,676	–	0.05%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$573,000	–	13,336	–	0.05%	–
BAC	New	BANK OF AMERICA CORPORATION	$561,000	–	36,530	–	0.05%	–
VEEV	New	VEEVA SYS INC	$560,000	–	22,000	–	0.05%	–
TWC	New	TIME WARNER CABLE INC	$536,000	–	3,637	–	0.05%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$519,000	–	9,441	–	0.05%	–
SPF	New	STANDARD PAC CORP NEW	$497,000	–	57,836	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC	$491,000	–	5,825	–	0.04%	–
X	New	UNITED STATES STL CORP NEW	$478,000	–	18,339	–	0.04%	–
AMTD	New	TD AMERITRADE HLDG CORP	$462,000	–	14,722	–	0.04%	–
EXPD	New	EXPEDITORS INTL WASH INC	$463,000	–	10,480	–	0.04%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$452,000	–	6,220	–	0.04%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$433,000	–	17,533	–	0.04%	–
KSU	New	KANSAS CITY SOUTHERN	$423,000	–	3,935	–	0.04%	–
TW	New	TOWERS WATSON & COcl a	$388,000	–	3,721	–	0.04%	–
MU	New	MICRON TECHNOLOGY INC	$371,000	–	11,250	–	0.03%	–
HBI	New	HANESBRANDS INC	$360,000	–	3,660	–	0.03%	–
AMCX	New	AMC NETWORKS INCcl a	$337,000	–	5,475	–	0.03%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$337,000	–	5,932	–	0.03%	–
LVNTA	New	LIBERTY INTERACTIVE CORP	$305,000	–	4,130	–	0.03%	–
CVCO	New	CAVCO INDS INC DEL	$294,000	–	3,452	–	0.03%	–
ODP	New	OFFICE DEPOT INC	$281,000	–	49,324	–	0.02%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$257,000	–	8,744	–	0.02%	–
RF	New	REGIONS FINL CORP NEW	$241,000	–	22,729	–	0.02%	–
SLG	New	SL GREEN RLTY CORP	$239,000	–	2,180	–	0.02%	–
	New	RYLAND GROUP INCnote 0.250% 6/0	$183,000	–	200,000	–	0.02%	–

Q4 2013

			Value		Shares		↓ Weighting
AVP	Exit	AVON PRODS INC	$0	–	-111	–	0.00%	–
NWSA	Exit	NEWS CORP NEW CL A ADDED	$0	–	-38	–	0.00%	–
BB	Exit	BLACKBERRY LTD	$0	–	-113	–	0.00%	–
GM	Exit	GENERAL MTRS CO	$0	–	-81	–	0.00%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-300	–	0.00%	–
DELL	Exit	DELL INC	$0	–	-183	–	0.00%	–
CSCO	Exit	CISCO SYS INC	$0	–	-102	–	0.00%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-100	–	0.00%	–
A309PS	Exit	DIRECTV	$0	–	-70	–	0.00%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-19	–	0.00%	–
FOXA	Exit	TWENTY FIRST CENTY FOXinc	$0	–	-155	–	-0.00%	–
S	Exit	SPRINT CORP	$0	–	-858	–	-0.00%	–
C	Exit	CITIGROUP INC	$0	–	-102	–	-0.00%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-420	–	-0.00%	–
	Exit	HEWLETT PACKARD CO	$0	–	-5,000	–	-0.02%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-700	–	-0.04%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-4,843	–	-0.04%	–
TDC	Exit	TERADATA CORP DEL	$0	–	-10,062	–	-0.06%	–
YY	Exit	YY INC ADS REP	$0	–	-12,650	–	-0.07%	–
AWAY	Exit	HOMEAWAY INC	$0	–	-30,100	–	-0.10%	–
PAY	Exit	VERIFONE SYS INC	$0	–	-48,133	–	-0.13%	–
LNKD	Exit	LINKEDIN CORP	$0	–	-4,800	–	-0.14%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-34,365	–	-0.15%	–
AMZN	Exit	AMAZON	$0	–	-4,100	–	-0.15%	–
AAPL	Exit	APPLE INC	$0	–	-2,717	–	-0.15%	–
EBAY	Exit	EBAY INC	$0	–	-24,641	–	-0.16%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-18,400	–	-0.16%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-12,966	–	-0.17%	–
URI	Exit	UNITED RENTALS INC	$0	–	-25,635	–	-0.18%	–
ADSK	Exit	AUTODESK INC	$0	–	-36,979	–	-0.18%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-51,004	–	-0.19%	–
CHTR	Exit	CHARTER	$0	–	-12,900	–	-0.20%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-45,697	–	-0.22%	–
QCOM	Exit	QUAL	$0	–	-27,766	–	-0.22%	–
V	Exit	VISA INC	$0	–	-9,884	–	-0.22%	–
PCLN	Exit	PRICELINE	$0	–	-1,887	–	-0.22%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-37,033	–	-0.22%	–
GRPN	Exit	GROUPON INC	$0	–	-173,314	–	-0.23%	–
FB	Exit	FACEBOOKinc	$0	–	-39,305	–	-0.23%	–
MA	Exit	MASTERCARDinc	$0	–	-3,316	–	-0.26%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-25,986	–	-0.34%	–
SPB	Exit	SPECTRUM BRANDS HLDGS INC	$0	–	-49,102	–	-0.38%	–
BYD	Exit	BOYD GAMING CORP	$0	–	-261,385	–	-0.43%	–
EOG	Exit	EOG RES INC	$0	–	-22,578	–	-0.45%	–
CRI	Exit	CARTER INC	$0	–	-51,964	–	-0.46%	–
TREE	Exit	TREE	$0	–	-151,654	–	-0.46%	–
HRB	Exit	BLOCK H & R INC	$0	–	-181,428	–	-0.56%	–
	Exit	AKE-TWO INTERACTIVE SOFTWARnote	$0	–	-4,500,000	–	-0.58%	–
SGMS	Exit	SCIENTIFIC GAMES CORP CL A	$0	–	-324,551	–	-0.61%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-85,156	–	-0.64%	–
GOOGL	Exit	GOOGLEinc	$0	–	-6,259	–	-0.64%	–
	Exit	ORD MTR CO DELnote	$0	–	-3,000,000	–	-0.69%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-47,990	–	-0.73%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-228,532	–	-0.75%	–
	Exit	ILINX INCnote	$0	–	-4,000,000	–	-0.76%	–
	Exit	OVANTA HLDG CORPnote	$0	–	-5,000,000	–	-0.80%	–
	Exit	IOMARIN PHARMACEUTICAL INCnote	$0	–	-2,000,000	–	-0.84%	–
	Exit	OMTECH TELEnote	$0	–	-7,085,000	–	-0.85%	–
	Exit	EALTH CARE REIT INCnote	$0	–	-6,000,000	–	-0.87%	–
	Exit	IR LEASE CORPnote	$0	–	-5,850,000	–	-0.88%	–
	Exit	UANCE	$0	–	-7,000,000	–	-0.93%	–
	Exit	TI INTL METALS INCnote	$0	–	-8,000,000	–	-0.97%	–
NCR	Exit	NCR CORP NEW	$0	–	-210,791	–	-0.98%	–
	Exit	UBIST PHARMACEUTICALS INCnote	$0	–	-3,750,000	–	-0.99%	–
	Exit	ORNBECK OFFSHORE SVCS INC Nnote	$0	–	-7,000,000	–	-1.05%	–
	Exit	OLOGICinc	$0	–	-8,000,000	–	-1.06%	–
ICE	Exit	INTERCONTINENTALEXCHANGE INC	$0	–	-50,384	–	-1.07%	–
CME	Exit	CME GROUP INC	$0	–	-125,101	–	-1.08%	–
	Exit	RIGHT MED GROUP INCnote	$0	–	-7,500,000	–	-1.08%	–
	Exit	OVELLUS SYS INCnote	$0	–	-6,000,000	–	-1.11%	–
GMPRB	Exit	ENERAL MTRS CO JR PFD CNV SRB	$0	–	-200,000	–	-1.17%	–
	Exit	EDWOOD TR INCnote	$0	–	-9,750,000	–	-1.20%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-549,142	–	-1.35%	–
UTXPRA	Exit	NITED TECHNOLOGIES CORP UNIT 99/99/9999note	$0	–	-180,000	–	-1.36%	–
	Exit	EDIVATION INCnote	$0	–	-9,000,000	–	-1.48%	–
	Exit	ALIX PHARMACEUTICALS INCnote	$0	–	-10,400,000	–	-1.49%	–
	Exit	ICRON TECHNOLOGY INCnote	$0	–	-10,500,000	–	-1.56%	–
	Exit	TARWOOD PPTY TR INCnote	$0	–	-13,180,000	–	-1.60%	–
	Exit	EMEX SAB DE CVnote	$0	–	-11,000,000	–	-1.64%	–
	Exit	AKE-TWO INTERACTIVE SOFTWARnote	$0	–	-12,000,000	–	-1.67%	–
	Exit	IFEPOINT HOSPITALS INCnote	$0	–	-14,000,000	–	-1.74%	–
	Exit	TEEL DYNAMICS INCnote	$0	–	-14,000,000	–	-1.80%	–
	Exit	ROLOGISnote	$0	–	-14,500,000	–	-1.93%	–
	Exit	OBALT INTL ENERGY INCnote	$0	–	-16,000,000	–	-1.96%	–
	Exit	NTERNATIONAL GAME TECHNOLOGnote	$0	–	-18,000,000	–	-2.32%	–
	Exit	GM RESORTS INTERNATIONALnote	$0	–	-16,000,000	–	-2.34%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-297,035	–	-2.57%	–
	Exit	EMEX SAB DE CVnote	$0	–	-19,500,000	–	-2.69%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-707,346	–	-2.75%	–
	Exit	ANDISK CORPnote	$0	–	-18,500,000	–	-2.86%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-287,109	–	-2.91%	–
	Exit	LECTRONIC ARTS INCnote	$0	–	-24,500,000	–	-3.12%	–
	Exit	RICELINEnote	$0	–	-21,000,000	–	-3.17%	–
	Exit	RES CAP CORPnote	$0	–	-26,000,000	–	-3.26%	–
LLY	Exit	LILLY ELI & CO	$0	–	-555,016	–	-3.26%	–
	Exit	RCHER DANIELS MIDLAND COnote	$0	–	-29,000,000	–	-3.46%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-677,140	–	-3.77%	–
PFE	Exit	PFIZER INC	$0	–	-1,216,035	–	-4.08%	–
	Exit	NTEL CORP SDCV 3.250% 8/0note	$0	–	-28,500,000	–	-4.11%	–
	Exit	INEAR TECHNOLOGY CORPnote	$0	–	-33,500,000	–	-4.20%	–

Q3 2013

			Value		Shares		↓ Weighting
	Buy	INEAR TECHNOLOGY CORPnote	$35,906,000	+8.7%	33,500,000	+6.3%	4.20%	-1.6%
	Buy	NTEL CORP SDCV 3.250% 8/0note	$35,162,000	+41.4%	28,500,000	+46.2%	4.11%	+27.9%
PFE	Buy	PFIZER INC	$34,931,000	+24.8%	1,216,035	+21.7%	4.08%	+12.9%
MRK	Buy	MERCK & CO INC NEW	$32,238,000	+22.6%	677,140	+19.6%	3.77%	+11.0%
LLY	Buy	LILLY ELI & CO	$27,933,000	+24.0%	555,016	+21.1%	3.26%	+12.2%
	Buy	RES CAP CORPnote	$27,841,000	+37.7%	26,000,000	+40.5%	3.26%	+24.7%
	New	RICELINEnote	$27,114,000	–	21,000,000	–	3.17%	–
	Buy	LECTRONIC ARTS INCnote	$26,651,000	+82.9%	24,500,000	+75.0%	3.12%	+65.5%
JNJ	Buy	JOHNSON & JOHNSON	$24,890,000	+15.6%	287,109	+14.5%	2.91%	+4.7%
	Buy	ANDISK CORPnote	$24,490,000	+11.2%	18,500,000	+12.1%	2.86%	+0.6%
MSFT	Buy	MICROSOFT CORP	$23,540,000	+12.0%	707,346	+16.3%	2.75%	+1.4%
	Buy	EMEX SAB DE CVnote	$23,036,000	+14.3%	19,500,000	+11.4%	2.69%	+3.5%
WMT	Buy	WAL-MART STORES INC	$21,969,000	+17.7%	297,035	+18.5%	2.57%	+6.5%
	Sell	GM RESORTS INTERNATIONALnote	$20,005,000	-0.6%	16,000,000	-11.1%	2.34%	-10.0%
	Sell	NTERNATIONAL GAME TECHNOLOGnote	$19,890,000	-44.3%	18,000,000	-46.3%	2.32%	-49.6%
	Buy	OBALT INTL ENERGY INCnote	$16,757,000	+43.1%	16,000,000	+45.5%	1.96%	+29.5%
	Buy	ROLOGISnote	$16,476,000	+6.1%	14,500,000	+7.4%	1.93%	-4.0%
	Buy	TEEL DYNAMICS INCnote	$15,376,000	+43.1%	14,000,000	+40.0%	1.80%	+29.5%
	Buy	IFEPOINT HOSPITALS INCnote	$14,854,000	+18.9%	14,000,000	+21.7%	1.74%	+7.6%
	Buy	AKE-TWO INTERACTIVE SOFTWARnote	$14,322,000	+63.0%	12,000,000	+50.0%	1.67%	+47.5%
	Buy	EMEX SAB DE CVnote	$14,054,000	+44.2%	11,000,000	+37.5%	1.64%	+30.6%
	Buy	TARWOOD PPTY TR INCnote	$13,729,000	+20.6%	13,180,000	+19.8%	1.60%	+9.2%
	Buy	ICRON TECHNOLOGY INCnote	$13,362,000	+69.0%	10,500,000	+50.0%	1.56%	+53.0%
	Buy	ALIX PHARMACEUTICALS INCnote	$12,727,000	+112.8%	10,400,000	+108.0%	1.49%	+92.7%
	Buy	EDIVATION INCnote	$12,635,000	+120.7%	9,000,000	+100.0%	1.48%	+99.6%
UTXPRA	Buy	NITED TECHNOLOGIES CORP UNIT 99/99/9999note	$11,662,000	+45.5%	180,000	+33.3%	1.36%	+31.7%
HPQ	Sell	HEWLETT PACKARD CO	$11,526,000	-32.3%	549,142	-20.0%	1.35%	-38.7%
	Buy	EDWOOD TR INCnote	$10,292,000	+38.0%	9,750,000	+30.0%	1.20%	+24.9%
GMPRB	Buy	ENERAL MTRS CO JR PFD CNV SRB	$10,030,000	+73.6%	200,000	+66.7%	1.17%	+57.1%
	Buy	OVELLUS SYS INCnote	$9,522,000	+237.3%	6,000,000	+200.0%	1.11%	+204.9%
	New	RIGHT MED GROUP INCnote	$9,266,000	–	7,500,000	–	1.08%	–
CME	New	CME GROUP INC	$9,242,000	–	125,101	–	1.08%	–
ICE	Buy	INTERCONTINENTALEXCHANGE INC	$9,141,000	+61.9%	50,384	+58.6%	1.07%	+46.6%
	Buy	OLOGICinc	$9,070,000	+36.0%	8,000,000	+33.3%	1.06%	+23.1%
	New	ORNBECK OFFSHORE SVCS INC Nnote	$8,996,000	–	7,000,000	–	1.05%	–
	Sell	UBIST PHARMACEUTICALS INCnote	$8,459,000	+19.7%	3,750,000	-6.2%	0.99%	+8.3%
NCR	Sell	NCR CORP NEW	$8,349,000	-1.0%	210,791	-17.6%	0.98%	-10.5%
	Buy	UANCE	$7,961,000	+34.1%	7,000,000	+40.0%	0.93%	+21.4%
	New	IR LEASE CORPnote	$7,552,000	–	5,850,000	–	0.88%	–
	New	EALTH CARE REIT INCnote	$7,414,000	–	6,000,000	–	0.87%	–
	New	OMTECH TELEnote	$7,250,000	–	7,085,000	–	0.85%	–
	New	IOMARIN PHARMACEUTICAL INCnote	$7,195,000	–	2,000,000	–	0.84%	–
	Sell	ILINX INCnote	$6,511,000	-10.0%	4,000,000	-20.0%	0.76%	-18.5%
KAR	New	KAR AUCTION SVCS INC	$6,447,000	–	228,532	–	0.75%	–
MHK	Buy	MOHAWK INDS INC	$6,251,000	+47.0%	47,990	+27.0%	0.73%	+33.2%
	Sell	ORD MTR CO DELnote	$5,921,000	-18.3%	3,000,000	-25.0%	0.69%	-26.1%
GOOGL	Buy	GOOGLEinc	$5,482,000	+100.7%	6,259	+101.8%	0.64%	+81.6%
HOG	New	HARLEY DAVIDSON INC	$5,470,000	–	85,156	–	0.64%	–
SGMS	New	SCIENTIFIC GAMES CORP CL A	$5,248,000	–	324,551	–	0.61%	–
	New	AKE-TWO INTERACTIVE SOFTWARnote	$4,983,000	–	4,500,000	–	0.58%	–
HRB	Sell	BLOCK H & R INC	$4,837,000	-44.2%	181,428	-41.9%	0.56%	-49.5%
TREE	Buy	TREE	$3,982,000	+151.4%	151,654	+64.1%	0.46%	+126.8%
CRI	New	CARTER INC	$3,944,000	–	51,964	–	0.46%	–
EOG	New	EOG RES INC	$3,822,000	–	22,578	–	0.45%	–
BYD	New	BOYD GAMING CORP	$3,699,000	–	261,385	–	0.43%	–
SPB	New	SPECTRUM BRANDS HLDGS INC	$3,233,000	–	49,102	–	0.38%	–
TWC	New	TIME WARNER CABLE INC	$2,900,000	–	25,986	–	0.34%	–
MA	Buy	MASTERCARDinc	$2,231,000	+21.5%	3,316	+3.8%	0.26%	+10.1%
FB	Buy	FACEBOOKinc	$1,974,000	+702.4%	39,305	+298.1%	0.23%	+621.9%
GRPN	Sell	GROUPON INC	$1,943,000	-55.3%	173,314	-65.9%	0.23%	-59.5%
PCLN	Buy	PRICELINE	$1,908,000	+79.3%	1,887	+46.6%	0.22%	+62.8%
V	Buy	VISA INC	$1,889,000	+11.3%	9,884	+6.5%	0.22%	+0.9%
QCOM	Buy	QUAL	$1,869,000	+42.3%	27,766	+29.2%	0.22%	+28.2%
TXN	Buy	TEXAS INSTRS INC	$1,841,000	+57.2%	45,697	+36.0%	0.22%	+42.4%
CHTR	Sell	CHARTER	$1,738,000	-20.7%	12,900	-27.1%	0.20%	-28.3%
MLCO	New	MELCO CROWN ENTMT LTDadr	$1,623,000	–	51,004	–	0.19%	–
ADSK	Sell	AUTODESK INC	$1,522,000	+5.0%	36,979	-13.5%	0.18%	-4.8%
URI	Buy	UNITED RENTALS INC	$1,494,000	+25.7%	25,635	+7.6%	0.18%	+13.6%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$1,428,000	+175.7%	12,966	+103.7%	0.17%	+149.3%
AXP	Sell	AMERICAN EXPRESS CO	$1,390,000	-84.4%	18,400	-84.6%	0.16%	-85.9%
EBAY	Buy	EBAY INC	$1,375,000	+38.2%	24,641	+28.1%	0.16%	+24.8%
AAPL	Sell	APPLE INC	$1,295,000	+7.6%	2,717	-10.5%	0.15%	-2.6%
NXPI	Sell	NXP SEMICONDUCTORS N V	$1,279,000	-2.4%	34,365	-18.7%	0.15%	-11.2%
AMZN	Sell	AMAZON	$1,282,000	-74.1%	4,100	-77.0%	0.15%	-76.6%
LNKD	Buy	LINKEDIN CORP	$1,181,000	+78.9%	4,800	+29.7%	0.14%	+62.4%
PAY	New	VERIFONE SYS INC	$1,100,000	–	48,133	–	0.13%	–
AWAY	Sell	HOMEAWAY INC	$842,000	-37.9%	30,100	-28.2%	0.10%	-44.0%
YY	New	YY INC ADS REP	$592,000	–	12,650	–	0.07%	–
TDC	Sell	TERADATA CORP DEL	$558,000	-39.6%	10,062	-45.3%	0.06%	-45.4%
TRIP	Sell	TRIPADVISOR INC	$367,000	-43.9%	4,843	-54.9%	0.04%	-48.8%
WYNN	Sell	WYNN RESORTS LTD	$308,000	-94.2%	700	-98.3%	0.04%	-94.8%
	New	HEWLETT PACKARD CO	$145,000	–	5,000	–	0.02%	–
FOXA	New	TWENTY FIRST CENTY FOXinc	$5,000	–	155	–	0.00%	–
S	New	SPRINT CORP	$5,000	–	858	–	0.00%	–
BBRY	Exit	RESEARCH IN MOTION LTD	$0	–	-113	–	0.00%	–
BB	New	BLACKBERRY LTD	$1,000	–	113	–	0.00%	–
NWSA	New	NEWS CORP NEW CL A ADDED	$1,000	–	38	–	0.00%	–
S	Exit	SPRINT NEXTEL CORP	$0	–	-858	–	-0.00%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-9,500	–	-0.07%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-161,735	–	-0.08%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-35,192	–	-0.10%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-18,027	–	-0.11%	–
DIS	Exit	DISNEY WALT CO	$0	–	-15,200	–	-0.12%	–
HEROQ	Exit	HERCULES OFFSHORE INC	$0	–	-157,233	–	-0.14%	–
ON	Exit	ON SEMICONDUCTOR CORP	$0	–	-154,161	–	-0.16%	–
INTU	Exit	INTUIT	$0	–	-22,897	–	-0.18%	–
ALGT	Exit	ALLEGIANT TRAVEL CO	$0	–	-15,187	–	-0.21%	–
INTC	Exit	INTEL CORP	$0	–	-73,548	–	-0.23%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-11,885	–	-0.27%	–
UPS	Exit	UNITED PARCEL SERVICEinc	$0	–	-25,825	–	-0.29%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-119,085	–	-0.29%	–
ANF	Exit	ABERCROMBIE & FITCH CO CL A	$0	–	-55,221	–	-0.32%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-35,290	–	-0.33%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS IN	$0	–	-162,735	–	-0.39%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP LBT VENT	$0	–	-36,176	–	-0.40%	–
TAP	Exit	MOLSON COORS BREWING CO CL Bnote	$0	–	-73,718	–	-0.46%	–
MSG	Exit	MADISON SQUARE GARDEN CO CL A	$0	–	-71,948	–	-0.55%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP INT	$0	–	-58,028	–	-0.56%	–
	Exit	AFFILIATED MANAGERS GROUPnote	$0	–	-4,000,000	–	-0.68%	–
SHFL	Exit	SHFL ENTMT INC	$0	–	-305,485	–	-0.70%	–
CONE	Exit	CYRUSONE INC	$0	–	-262,310	–	-0.70%	–
	Exit	E M C CORP MASSnote	$0	–	-4,000,000	–	-0.76%	–
MDC	Exit	M D C HLDGS INC	$0	–	-199,933	–	-0.84%	–
	Exit	OMNI	$0	–	-7,000,000	–	-1.04%	–
	Exit	LAM RESEARCH CORPnote	$0	–	-9,000,000	–	-1.23%	–
	Exit	PRICELINE	$0	–	-10,000,000	–	-1.50%	–
	Exit	INTEL CORP SDCV 2.950%12/1note	$0	–	-11,000,000	–	-1.55%	–
	Exit	ALLEGHENY TECHNOLOGIES INCnote	$0	–	-14,000,000	–	-1.87%	–
	Exit	MOLSON COORS BREWING COnote	$0	–	-25,500,000	–	-3.32%	–

Q2 2013

			Value		Shares		↓ Weighting
	New	INTERNATIONAL GAME TECHNOLOGnote	$35,693,000	–	33,500,000	–	4.61%	–
	New	LINEAR TECHNOLOGY CORPnote	$33,036,000	–	31,500,000	–	4.27%	–
	New	ARCHER DANIELS MIDLAND COnote	$29,262,000	–	29,000,000	–	3.78%	–
PFE	New	PFIZER INC	$27,989,000	–	999,223	–	3.62%	–
MRK	New	MERCK & CO INC NEW	$26,288,000	–	565,942	–	3.40%	–
	New	MOLSON COORS BREWING COnote	$25,694,000	–	25,500,000	–	3.32%	–
	New	INTEL CORP SDCV 3.250% 8/0note	$24,874,000	–	19,500,000	–	3.21%	–
LLY	New	LILLY ELI & CO	$22,521,000	–	458,495	–	2.91%	–
	New	SANDISK CORPnote	$22,030,000	–	16,500,000	–	2.84%	–
JNJ	New	JOHNSON & JOHNSON	$21,525,000	–	250,689	–	2.78%	–
MSFT	New	MICROSOFT CORP	$21,019,000	–	608,446	–	2.72%	–
	New	ARES CAP CORPnote	$20,215,000	–	18,500,000	–	2.61%	–
	New	CEMEX SAB DE CVnote	$20,158,000	–	17,500,000	–	2.60%	–
	New	MGM RESORTS INTERNATIONALnote	$20,133,000	–	18,000,000	–	2.60%	–
WMT	New	WAL-MART STORES INC	$18,670,000	–	250,645	–	2.41%	–
HPQ	New	HEWLETT PACKARD CO	$17,021,000	–	686,313	–	2.20%	–
	New	PROLOGISnote	$15,536,000	–	13,500,000	–	2.01%	–
	New	ELECTRONIC ARTS INCnote	$14,575,000	–	14,000,000	–	1.88%	–
	New	ALLEGHENY TECHNOLOGIES INCnote	$14,507,000	–	14,000,000	–	1.87%	–
	New	LIFEPOINT HOSPITALS INCnote	$12,491,000	–	11,500,000	–	1.61%	–
	New	INTEL CORP SDCV 2.950%12/1note	$11,989,000	–	11,000,000	–	1.55%	–
	New	COBALT INTL ENERGY INCnote	$11,712,000	–	11,000,000	–	1.51%	–
	New	PRICELINE	$11,650,000	–	10,000,000	–	1.50%	–
	New	STARWOOD PPTY TR INCnote	$11,384,000	–	11,000,000	–	1.47%	–
	New	STEEL DYNAMICS INCnote	$10,745,000	–	10,000,000	–	1.39%	–
	New	CEMEX SAB DE CVnote	$9,744,000	–	8,000,000	–	1.26%	–
	New	LAM RESEARCH CORPnote	$9,543,000	–	9,000,000	–	1.23%	–
AXP	New	AMERICAN EXPRESS CO	$8,911,000	–	119,197	–	1.15%	–
	New	TAKE-TWO INTERACTIVE SOFTWARnote	$8,788,000	–	8,000,000	–	1.14%	–
HRB	New	BLOCK H & R INC	$8,668,000	–	312,391	–	1.12%	–
NCR	New	NCR CORP NEW	$8,436,000	–	255,718	–	1.09%	–
	New	OMNI	$8,033,000	–	7,000,000	–	1.04%	–
UTXPRA	New	UNITED TECHNOLOGIES CORP UNIT 99/99/9999note	$8,014,000	–	135,000	–	1.04%	–
	New	MICRON TECHNOLOGY INCnote	$7,906,000	–	7,000,000	–	1.02%	–
	New	RTI INTL METALS INCnote	$7,573,000	–	8,000,000	–	0.98%	–
	New	REDWOOD TR INCnote	$7,460,000	–	7,500,000	–	0.96%	–
	New	FORD MTR CO DELnote	$7,247,000	–	4,000,000	–	0.94%	–
	New	XILINX INCnote	$7,235,000	–	5,000,000	–	0.93%	–
	New	CUBIST PHARMACEUTICALS INCnote	$7,069,000	–	4,000,000	–	0.91%	–
	New	HOLOGICinc	$6,667,000	–	6,000,000	–	0.86%	–
MDC	New	M D C HLDGS INC	$6,500,000	–	199,933	–	0.84%	–
	New	COVANTA HLDG CORPnote	$6,462,000	–	5,000,000	–	0.84%	–
	New	SALIX PHARMACEUTICALS INCnote	$5,980,000	–	5,000,000	–	0.77%	–
	New	NUANCE	$5,938,000	–	5,000,000	–	0.77%	–
	New	E M C CORP MASSnote	$5,904,000	–	4,000,000	–	0.76%	–
GMPRB	New	GENERAL MTRS CO JR PFD CNV SRB	$5,779,000	–	120,000	–	0.75%	–
	New	MEDIVATION INCnote	$5,726,000	–	4,500,000	–	0.74%	–
ICE	New	INTERCONTINENTALEXCHANGE INC	$5,646,000	–	31,763	–	0.73%	–
CONE	New	CYRUSONE INC	$5,440,000	–	262,310	–	0.70%	–
SHFL	New	SHFL ENTMT INC	$5,410,000	–	305,485	–	0.70%	–
WYNN	New	WYNN RESORTS LTD	$5,317,000	–	41,552	–	0.69%	–
	New	AFFILIATED MANAGERS GROUPnote	$5,241,000	–	4,000,000	–	0.68%	–
AMZN	New	AMAZON	$4,959,000	–	17,857	–	0.64%	–
GRPN	New	GROUPON INC	$4,344,000	–	508,060	–	0.56%	–
QRTEA	New	LIBERTY INTERACTIVE CORP INT	$4,298,000	–	58,028	–	0.56%	–
MSG	New	MADISON SQUARE GARDEN CO CL A	$4,263,000	–	71,948	–	0.55%	–
MHK	New	MOHAWK INDS INC	$4,251,000	–	37,791	–	0.55%	–
TAP	New	MOLSON COORS BREWING CO CL Bnote	$3,528,000	–	73,718	–	0.46%	–
LVNTA	New	LIBERTY INTERACTIVE CORP LBT VENT	$3,075,000	–	36,176	–	0.40%	–
AXL	New	AMERICAN AXLE & MFG HLDGS IN	$3,032,000	–	162,735	–	0.39%	–
	New	NOVELLUS SYS INCnote	$2,823,000	–	2,000,000	–	0.36%	–
GOOGL	New	GOOGLEinc	$2,731,000	–	3,102	–	0.35%	–
SLB	New	SCHLUMBERGER LTD	$2,529,000	–	35,290	–	0.33%	–
ANF	New	ABERCROMBIE & FITCH CO CL A	$2,499,000	–	55,221	–	0.32%	–
DAL	New	DELTA AIR LINES INC DEL	$2,228,000	–	119,085	–	0.29%	–
UPS	New	UNITED PARCEL SERVICEinc	$2,233,000	–	25,825	–	0.29%	–
CHTR	New	CHARTER	$2,192,000	–	17,700	–	0.28%	–
SHW	New	SHERWIN WILLIAMS CO	$2,099,000	–	11,885	–	0.27%	–
MA	New	MASTERCARDinc	$1,836,000	–	3,196	–	0.24%	–
INTC	New	INTEL CORP	$1,782,000	–	73,548	–	0.23%	–
V	New	VISA INC	$1,697,000	–	9,284	–	0.22%	–
ADBE	New	ADOBE SYS INC	$1,687,000	–	37,033	–	0.22%	–
ALGT	New	ALLEGIANT TRAVEL CO	$1,610,000	–	15,187	–	0.21%	–
TREE	New	TREE	$1,584,000	–	92,432	–	0.20%	–
ADSK	New	AUTODESK INC	$1,450,000	–	42,729	–	0.19%	–
INTU	New	INTUIT	$1,398,000	–	22,897	–	0.18%	–
AWAY	New	HOMEAWAY INC	$1,355,000	–	41,900	–	0.18%	–
QCOM	New	QUAL	$1,313,000	–	21,494	–	0.17%	–
NXPI	New	NXP SEMICONDUCTORS N V	$1,311,000	–	42,265	–	0.17%	–
ON	New	ON SEMICONDUCTOR CORP	$1,246,000	–	154,161	–	0.16%	–
AAPL	New	APPLE INC	$1,204,000	–	3,036	–	0.16%	–
URI	New	UNITED RENTALS INC	$1,189,000	–	23,820	–	0.15%	–
TXN	New	TEXAS INSTRS INC	$1,171,000	–	33,597	–	0.15%	–
HEROQ	New	HERCULES OFFSHORE INC	$1,107,000	–	157,233	–	0.14%	–
PCLN	New	PRICELINE	$1,064,000	–	1,287	–	0.14%	–
EBAY	New	EBAY INC	$995,000	–	19,241	–	0.13%	–
DIS	New	DISNEY WALT CO	$960,000	–	15,200	–	0.12%	–
TDC	New	TERADATA CORP DEL	$924,000	–	18,400	–	0.12%	–
FICO	New	FAIR ISAAC CORP	$826,000	–	18,027	–	0.11%	–
ELLI	New	ELLIE MAE INC	$812,000	–	35,192	–	0.10%	–
LNKD	New	LINKEDIN CORP	$660,000	–	3,700	–	0.08%	–
AMD	New	ADVANCED MICRO DEVICES INC	$660,000	–	161,735	–	0.08%	–
TRIP	New	TRIPADVISOR INC	$654,000	–	10,750	–	0.08%	–
MSI	New	MOTOROLA SOLUTIONS INC	$548,000	–	9,500	–	0.07%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$518,000	–	6,366	–	0.07%	–
FB	New	FACEBOOKinc	$246,000	–	9,874	–	0.03%	–
A309PS	New	DIRECTV	$4,000	–	70	–	0.00%	–
C	New	CITIGROUP INC	$5,000	–	102	–	0.00%	–
BAC	New	BANK OF AMERICA CORPORATION	$5,000	–	420	–	0.00%	–
S	New	SPRINT NEXTEL CORP	$6,000	–	858	–	0.00%	–
CSCO	New	CISCO SYS INC	$2,000	–	102	–	0.00%	–
GM	New	GENERAL MTRS CO	$3,000	–	81	–	0.00%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,000	–	19	–	0.00%	–
BBRY	New	RESEARCH IN MOTION LTD	$1,000	–	113	–	0.00%	–
AVP	New	AVON PRODS INC	$2,000	–	111	–	0.00%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$3,000	–	100	–	0.00%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,000	–	300	–	0.00%	–
DELL	New	DELL INC	$2,000	–	183	–	0.00%	–

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