Mader & Shannon Wealth Management, Inc. Activity Q2 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
SHV	New	ISHARES TRshort treas bd	$40,592,864	–	367,456	–	26.68%	–
SGOV	New	ISHARES TR0-3 mnth treasry	$22,286,224	–	221,379	–	14.65%	–
GLD	Buy	SPDR GOLD TR	$20,345,971	-2.7%	118,670	+1.2%	13.37%	+3.6%
IAU	Buy	ISHARES GOLD TRishares new	$20,325,621	-2.8%	580,898	+1.1%	13.36%	+3.4%
CDW	Buy	CDW CORP	$8,993,452	+11.9%	44,575	+1.7%	5.91%	+19.1%
UNH	Buy	UNITEDHEALTH GROUP INC	$7,334,956	+7.8%	14,548	+2.7%	4.82%	+14.7%
KNX	Buy	KNIGHT-SWIFT TRANSN HLDGS INcl a	$7,288,299	-8.2%	145,330	+1.7%	4.79%	-2.3%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$6,889,480	-1.2%	13,611	+1.8%	4.53%	+5.2%
GDX	Buy	VANECK ETF TRUSTgold miners etf	$6,603,687	-8.3%	245,399	+2.6%	4.34%	-2.4%
DHI	Sell	D R HORTON INC	$4,512,558	-12.9%	41,989	-1.4%	2.97%	-7.3%
MLM	Sell	MARTIN MARIETTA MATLS INC	$3,842,093	-11.7%	9,360	-0.7%	2.52%	-6.0%
DG	Buy	DOLLAR GEN CORP NEW	$3,117,185	-36.4%	29,463	+2.1%	2.05%	-32.3%
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-93,642	–	-1.95%	–
IBTD	Exit	ISHARES TRibonds 23 trm ts	$0	–	-167,408	–	-2.56%	–
RSP	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$0	–	-67,782	–	-6.26%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-213,484	–	-6.49%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-24,584	–	-6.73%	–
SJNK	Exit	SPDR SER TRbloomberg sht te	$0	–	-447,394	–	-6.82%	–
SHYG	Exit	ISHARES TR0-5yr hi yl cp	$0	–	-453,923	–	-11.62%	–

Q2 2023

			Value		Shares		↓ Weighting
IAU	New	ISHARES GOLD TRishares new	$20,918,610	–	574,845	–	12.92%	–
GLD	New	SPDR GOLD TR	$20,903,940	–	117,260	–	12.91%	–
SHYG	New	ISHARES TR0-5yr hi yl cp	$18,815,108	–	453,923	–	11.62%	–
SJNK	New	SPDR SER TRbloomberg sht te	$11,050,632	–	447,394	–	6.82%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$10,897,596	–	24,584	–	6.73%	–
ACWX	New	ISHARES TRmsci acwi ex us	$10,507,682	–	213,484	–	6.49%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$10,142,898	–	67,782	–	6.26%	–
CDW	New	CDW CORP	$8,040,236	–	43,816	–	4.96%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$7,940,413	–	142,916	–	4.90%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$7,204,329	–	239,267	–	4.45%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,975,276	–	13,369	–	4.31%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,806,824	–	14,162	–	4.20%	–
DHI	New	D R HORTON INC	$5,181,073	–	42,576	–	3.20%	–
DG	New	DOLLAR GEN CORP NEW	$4,898,662	–	28,853	–	3.02%	–
MLM	New	MARTIN MARIETTA MATLS INC	$4,351,428	–	9,425	–	2.69%	–
IBTD	New	ISHARES TRibonds 23 trm ts	$4,153,392	–	167,408	–	2.56%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$3,156,672	–	93,642	–	1.95%	–

Q4 2022

			Value		Shares		↓ Weighting
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-4,159	–	-0.37%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-4,196	–	-0.50%	–
DHI	Exit	D R HORTON INC	$0	–	-25,945	–	-1.90%	–
MLM	Exit	MARTIN MARIETTA MATLS INC	$0	–	-7,194	–	-2.52%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-22,262	–	-5.82%	–
CDW	Exit	CDW CORP	$0	–	-35,808	–	-6.09%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-11,215	–	-6.20%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-134,741	–	-7.18%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-13,589	–	-7.48%	–
SCHP	Exit	SCHWAB STRATEGIC TRus tips etf	$0	–	-356,704	–	-20.13%	–
GLD	Exit	SPDR GOLD TR	$0	–	-124,015	–	-20.90%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-608,695	–	-20.91%	–

Q3 2022

			Value		Shares		↓ Weighting
IAU	Sell	ISHARES GOLD TRishares new	$19,192,000	-27.1%	608,695	-20.7%	20.91%	+32.9%
GLD	Sell	SPDR GOLD TR	$19,181,000	-27.1%	124,015	-20.6%	20.90%	+33.0%
SCHP	New	SCHWAB STRATEGIC TRus tips etf	$18,477,000	–	356,704	–	20.13%	–
UNH	Sell	UNITEDHEALTH GROUP INC	$6,863,000	-20.7%	13,589	-19.4%	7.48%	+44.5%
KNX	Sell	KNIGHT-SWIFT TRANSN HLDGS INcl a	$6,593,000	+5.6%	134,741	-0.1%	7.18%	+92.6%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$5,688,000	-5.9%	11,215	+0.8%	6.20%	+71.7%
CDW	Sell	CDW CORP	$5,589,000	-20.9%	35,808	-20.2%	6.09%	+44.2%
DG	Buy	DOLLAR GEN CORP NEW	$5,340,000	-1.8%	22,262	+0.5%	5.82%	+79.0%
MLM	Buy	MARTIN MARIETTA MATLS INC	$2,317,000	+9.7%	7,194	+1.9%	2.52%	+100.0%
DHI	Buy	D R HORTON INC	$1,747,000	+4.0%	25,945	+2.2%	1.90%	+89.5%
SHV	Sell	ISHARES TRshort treas bd	$462,000	-16.6%	4,196	-16.6%	0.50%	+52.0%
SHY	Sell	ISHARES TR1 3 yr treas bd	$338,000	-95.1%	4,159	-95.1%	0.37%	-91.2%
VMC	Exit	VULCAN MATLS CO	$0	–	-11,194	–	-0.95%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-18,252	–	-0.99%	–
PHM	Exit	PULTE GROUP INC	$0	–	-42,651	–	-1.01%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-107,407	–	-1.76%	–
WMT	Exit	WALMART INC	$0	–	-41,001	–	-2.98%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-44,729	–	-3.78%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-27,182	–	-4.15%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-30,539	–	-4.28%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-155,086	–	-10.56%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-578,013	–	-11.36%	–

Q2 2022

			Value		Shares		↓ Weighting
IAU	New	ISHARES GOLD TRishares new	$26,333,000	–	767,513	–	15.73%	–
GLD	New	SPDR GOLD TR	$26,305,000	–	156,147	–	15.72%	–
PFF	New	ISHARES TRpfd and incm sec	$19,005,000	–	578,013	–	11.36%	–
TIP	New	ISHARES TRtips bd etf	$17,666,000	–	155,086	–	10.56%	–
UNH	New	UNITEDHEALTH GROUP INC	$8,659,000	–	16,858	–	5.17%	–
LH	New	LABORATORY CORP AMER HLDGS	$7,157,000	–	30,539	–	4.28%	–
CDW	New	CDW CORP	$7,067,000	–	44,850	–	4.22%	–
SHY	New	ISHARES TR1 3 yr treas bd	$6,963,000	–	84,103	–	4.16%	–
AMT	New	AMERICAN TOWER CORP NEW	$6,947,000	–	27,182	–	4.15%	–
ABC	New	AMERISOURCEBERGEN CORP	$6,328,000	–	44,729	–	3.78%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$6,243,000	–	134,873	–	3.73%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,042,000	–	11,122	–	3.61%	–
DG	New	DOLLAR GEN CORP NEW	$5,439,000	–	22,159	–	3.25%	–
WMT	New	WALMART INC	$4,985,000	–	41,001	–	2.98%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$2,941,000	–	107,407	–	1.76%	–
MLM	New	MARTIN MARIETTA MATLS INC	$2,112,000	–	7,057	–	1.26%	–
PHM	New	PULTE GROUP INC	$1,690,000	–	42,651	–	1.01%	–
DHI	New	D R HORTON INC	$1,680,000	–	25,389	–	1.00%	–
AMAT	New	APPLIED MATLS INC	$1,661,000	–	18,252	–	0.99%	–
VMC	New	VULCAN MATLS CO	$1,591,000	–	11,194	–	0.95%	–
SHV	New	ISHARES TRshort treas bd	$554,000	–	5,033	–	0.33%	–

Q4 2021

			Value		Shares		↓ Weighting
DHI	Exit	D R HORTON INC	$0	–	-24,465	–	-1.31%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-70,408	–	-1.33%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-17,806	–	-1.46%	–
MLM	Exit	MARTIN MARIETTA MATLS INC	$0	–	-6,921	–	-1.51%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-33,363	–	-2.36%	–
WMT	Exit	WALMART INC	$0	–	-32,427	–	-2.89%	–
PHM	Exit	PULTE GROUP INC	$0	–	-107,136	–	-3.14%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-44,438	–	-3.39%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-27,308	–	-3.70%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-36,644	–	-4.06%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-17,015	–	-4.11%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-16,544	–	-4.13%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-133,966	–	-4.38%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-26,255	–	-4.45%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-86,586	–	-4.76%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-13,132	–	-4.79%	–
CDW	Exit	CDW CORP	$0	–	-44,484	–	-5.17%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-29,333	–	-5.27%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSinter term treas	$0	–	-215,927	–	-9.32%	–
GLD	Exit	SPDR GOLD TR	$0	–	-135,286	–	-14.19%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-668,522	–	-14.27%	–

Q3 2021

			Value		Shares		↓ Weighting
IAU	Sell	ISHARES GOLD TRishares new	$22,335,000	-1.2%	668,522	-0.3%	14.27%	+22.5%
GLD	Sell	SPDR GOLD TR	$22,217,000	-1.1%	135,286	-0.3%	14.19%	+22.6%
VGIT	Sell	VANGUARD SCOTTSDALE FDSinter term treas	$14,586,000	-2.0%	215,927	-1.6%	9.32%	+21.5%
LH	Buy	LABORATORY CORP AMER HLDGS	$8,255,000	+2.1%	29,333	+0.0%	5.27%	+26.6%
CDW	Sell	CDW CORP	$8,097,000	+4.2%	44,484	-0.0%	5.17%	+29.2%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$7,503,000	+13.2%	13,132	-0.0%	4.79%	+40.4%
SHY	Sell	ISHARES TR1 3 yr treas bd	$7,459,000	-0.5%	86,586	-0.5%	4.76%	+23.4%
AMT	Sell	AMERICAN TOWER CORP NEW	$6,968,000	-1.8%	26,255	-0.1%	4.45%	+21.7%
KNX	Sell	KNIGHT-SWIFT TRANSN HLDGS INcl a	$6,852,000	+12.5%	133,966	-0.0%	4.38%	+39.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,464,000	-2.5%	16,544	-0.0%	4.13%	+21.0%
GS	Buy	GOLDMAN SACHS GROUP INC	$6,432,000	-0.3%	17,015	+0.1%	4.11%	+23.6%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$6,351,000	-11.2%	36,644	-0.1%	4.06%	+10.1%
DG	Sell	DOLLAR GEN CORP NEW	$5,793,000	-2.0%	27,308	-0.0%	3.70%	+21.5%
ABC	Sell	AMERISOURCEBERGEN CORP	$5,308,000	+4.3%	44,438	-0.0%	3.39%	+29.3%
PHM	Sell	PULTE GROUP INC	$4,920,000	-15.9%	107,136	-0.1%	3.14%	+4.2%
WMT	Sell	WALMART INC	$4,520,000	-1.3%	32,427	-0.1%	2.89%	+22.4%
SHV	Sell	ISHARES TRshort treas bd	$3,686,000	-43.1%	33,363	-43.1%	2.36%	-29.4%
MLM	Sell	MARTIN MARIETTA MATLS INC	$2,365,000	-4.4%	6,921	-1.6%	1.51%	+18.5%
AMAT	Sell	APPLIED MATLS INC	$2,292,000	-10.9%	17,806	-1.4%	1.46%	+10.4%
GDX	Sell	VANECK ETF TRUSTgold miners etf	$2,075,000	-15.2%	70,408	-2.3%	1.33%	+5.2%
DHI	Sell	D R HORTON INC	$2,054,000	-8.4%	24,465	-1.4%	1.31%	+13.6%
SBUX	Exit	STARBUCKS CORP	$0	–	-51,098	–	-2.94%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,476	–	-3.16%	–
FDX	Exit	FEDEX CORP	$0	–	-20,859	–	-3.21%	–
V	Exit	VISA INC	$0	–	-27,402	–	-3.30%	–
IGV	Exit	ISHARES TRexpanded tech	$0	–	-22,058	–	-4.43%	–

Q2 2021

			Value		Shares		↓ Weighting
IAU	New	ISHARES GOLD TRishares new	$22,602,000	–	670,476	–	11.64%	–
GLD	New	SPDR GOLD TR	$22,475,000	–	135,693	–	11.58%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$14,883,000	–	219,483	–	7.67%	–
IGV	New	ISHARES TRexpanded tech	$8,604,000	–	22,058	–	4.43%	–
LH	New	LABORATORY CORP AMER HLDGS	$8,089,000	–	29,325	–	4.17%	–
CDW	New	CDW CORP	$7,772,000	–	44,502	–	4.00%	–
SHY	New	ISHARES TR1 3 yr treas bd	$7,496,000	–	86,997	–	3.86%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$7,155,000	–	36,674	–	3.69%	–
AMT	New	AMERICAN TOWER CORP NEW	$7,097,000	–	26,272	–	3.66%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,627,000	–	16,549	–	3.41%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,626,000	–	13,134	–	3.41%	–
SHV	New	ISHARES TRshort treas bd	$6,480,000	–	58,648	–	3.34%	–
GS	New	GOLDMAN SACHS GROUP INC	$6,453,000	–	17,003	–	3.32%	–
V	New	VISA INC	$6,407,000	–	27,402	–	3.30%	–
FDX	New	FEDEX CORP	$6,223,000	–	20,859	–	3.21%	–
JPM	New	JPMORGAN CHASE & CO	$6,140,000	–	39,476	–	3.16%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$6,093,000	–	134,022	–	3.14%	–
DG	New	DOLLAR GEN CORP NEW	$5,911,000	–	27,318	–	3.04%	–
PHM	New	PULTE GROUP INC	$5,853,000	–	107,253	–	3.02%	–
SBUX	New	STARBUCKS CORP	$5,713,000	–	51,098	–	2.94%	–
ABC	New	AMERISOURCEBERGEN CORP	$5,089,000	–	44,445	–	2.62%	–
WMT	New	WALMART INC	$4,578,000	–	32,461	–	2.36%	–
AMAT	New	APPLIED MATLS INC	$2,573,000	–	18,066	–	1.33%	–
MLM	New	MARTIN MARIETTA MATLS INC	$2,475,000	–	7,036	–	1.28%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$2,448,000	–	72,045	–	1.26%	–
DHI	New	D R HORTON INC	$2,242,000	–	24,810	–	1.16%	–

Q4 2020

			Value		Shares		↓ Weighting
MLM	Exit	MARTIN MARIETTA MATERIALS, INC	$0	–	-5,946	–	-1.09%	–
AMAT	Exit	APPLIED MATERIALS INC COM	$0	–	-25,287	–	-1.18%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-18,067	–	-1.21%	–
CDW	Exit	CDW CORP COM	$0	–	-13,720	–	-1.28%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-9,743	–	-1.60%	–
DHI	Exit	DR HORTON	$0	–	-27,884	–	-1.65%	–
VGLT	Exit	VANGUARD LONG TERM GOVT BOND ETFlong term treas	$0	–	-23,398	–	-1.82%	–
GDX	Exit	VANECK VECTORS GOLD MINERS ETFgold miners etf	$0	–	-61,018	–	-1.87%	–
JPM	Exit	JP MORGAN CHASE & CO COM	$0	–	-36,000	–	-2.71%	–
LMT	Exit	LOCKHEED MARTIN COM	$0	–	-9,758	–	-2.92%	–
ABC	Exit	AMERISOURCEBERGEN CORP COM	$0	–	-40,464	–	-3.07%	–
TMO	Exit	THERMO FISHER SCIENTIFIC COM	$0	–	-9,168	–	-3.16%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$0	–	-123,143	–	-3.92%	–
WMT	Exit	WAL-MART STORES COM	$0	–	-44,238	–	-4.84%	–
SHV	Exit	ISHARES SHORT TREASURY BOND FUNDshort treas bd	$0	–	-58,753	–	-5.09%	–
TLT	Exit	ISHARES 20 YR TREASURY BND ETF20 yr tr bd etf	$0	–	-41,002	–	-5.24%	–
SHY	Exit	ISHARES 1-3 YR TREASURY BND ETF1 3 yr treas bd	$0	–	-91,163	–	-6.17%	–
VGIT	Exit	VANGUARD INTERMEDIATE-TERM GOVT BOND ETFinter term treas	$0	–	-254,405	–	-14.02%	–
GLD	Exit	SPDR GOLD TR GOLD SHS ETF	$0	–	-133,018	–	-18.43%	–
IAU	Exit	ISHARES GOLD TRUST COMishares	$0	–	-1,330,927	–	-18.73%	–

Q3 2020

			Value		Shares		↓ Weighting
IAU	Sell	ISHARES GOLD TRUST COMishares	$23,943,000	+5.5%	1,330,927	-0.4%	18.73%	+1.3%
GLD	Sell	SPDR GOLD TR GOLD SHS ETF	$23,560,000	+5.4%	133,018	-0.4%	18.43%	+1.3%
VGIT	Buy	VANGUARD INTERMEDIATE-TERM GOVT BOND ETFinter term treas	$17,930,000	+0.1%	254,405	+0.2%	14.02%	-3.8%
SHY	Sell	ISHARES 1-3 YR TREASURY BND ETF1 3 yr treas bd	$7,886,000	-3.1%	91,163	-3.0%	6.17%	-6.9%
TLT	Buy	ISHARES 20 YR TREASURY BND ETF20 yr tr bd etf	$6,693,000	+1.3%	41,002	+1.7%	5.24%	-2.7%
WMT	Buy	WAL-MART STORES COM	$6,189,000	+18.4%	44,238	+1.4%	4.84%	+13.8%
KNX	Buy	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$5,011,000	-1.2%	123,143	+1.3%	3.92%	-5.1%
TMO	Buy	THERMO FISHER SCIENTIFIC COM	$4,047,000	+23.3%	9,168	+1.2%	3.16%	+18.5%
ABC	Buy	AMERISOURCEBERGEN CORP COM	$3,921,000	-2.1%	40,464	+1.8%	3.07%	-6.0%
LMT	Buy	LOCKHEED MARTIN COM	$3,740,000	+6.8%	9,758	+1.7%	2.92%	+2.6%
JPM	Buy	JP MORGAN CHASE & CO COM	$3,465,000	+4.1%	36,000	+1.8%	2.71%	+0.1%
GDX	Sell	VANECK VECTORS GOLD MINERS ETFgold miners etf	$2,389,000	-21.9%	61,018	-26.9%	1.87%	-25.0%
VGLT	Buy	VANGUARD LONG TERM GOVT BOND ETFlong term treas	$2,331,000	+2.0%	23,398	+2.5%	1.82%	-2.0%
DHI	Buy	DR HORTON	$2,108,000	+39.7%	27,884	+2.4%	1.65%	+34.3%
DG	Buy	DOLLAR GENERAL CORP	$2,042,000	+12.4%	9,743	+2.1%	1.60%	+8.0%
CDW	Buy	CDW CORP COM	$1,639,000	+5.3%	13,720	+2.4%	1.28%	+1.2%
SBUX	Buy	STARBUCKS CORP COM	$1,552,000	+19.7%	18,067	+2.4%	1.21%	+15.0%
AMAT	Buy	APPLIED MATERIALS INC COM	$1,503,000	+0.7%	25,287	+2.4%	1.18%	-3.2%
MLM	Buy	MARTIN MARIETTA MATERIALS, INC	$1,399,000	+16.6%	5,946	+2.3%	1.09%	+12.0%

Q2 2020

			Value		Shares		↓ Weighting
IAU	New	ISHARES GOLD TRUST COMishares	$22,703,000	–	1,336,301	–	18.48%	–
GLD	New	SPDR GOLD TR GOLD SHS ETF	$22,348,000	–	133,527	–	18.19%	–
VGIT	New	VANGUARD INTERMEDIATE-TERM GOVT BOND ETFinter term treas	$17,911,000	–	253,807	–	14.58%	–
SHY	New	ISHARES 1-3 YR TREASURY BND ETF1 3 yr treas bd	$8,139,000	–	93,978	–	6.62%	–
TLT	New	ISHARES 20 YR TREASURY BND ETF20 yr tr bd etf	$6,606,000	–	40,300	–	5.38%	–
SHV	New	ISHARES SHORT TREASURY BOND FUNDshort treas bd	$6,506,000	–	58,753	–	5.30%	–
WMT	New	WAL-MART STORES COM	$5,227,000	–	43,645	–	4.26%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$5,071,000	–	121,581	–	4.13%	–
ABC	New	AMERISOURCEBERGEN CORP COM	$4,007,000	–	39,766	–	3.26%	–
LMT	New	LOCKHEED MARTIN COM	$3,501,000	–	9,594	–	2.85%	–
JPM	New	JP MORGAN CHASE & CO COM	$3,327,000	–	35,376	–	2.71%	–
TMO	New	THERMO FISHER SCIENTIFIC COM	$3,282,000	–	9,060	–	2.67%	–
GDX	New	VANECK VECTORS GOLD MINERS ETFgold miners etf	$3,060,000	–	83,430	–	2.49%	–
VGLT	New	VANGUARD LONG TERM GOVT BOND ETFlong term treas	$2,285,000	–	22,832	–	1.86%	–
DG	New	DOLLAR GENERAL CORP	$1,817,000	–	9,539	–	1.48%	–
CDW	New	CDW CORP COM	$1,556,000	–	13,394	–	1.27%	–
DHI	New	DR HORTON	$1,509,000	–	27,227	–	1.23%	–
AMAT	New	APPLIED MATERIALS INC COM	$1,492,000	–	24,686	–	1.22%	–
SBUX	New	STARBUCKS CORP COM	$1,297,000	–	17,636	–	1.06%	–
MLM	New	MARTIN MARIETTA MATERIALS, INC	$1,200,000	–	5,813	–	0.98%	–

Q4 2019

			Value		Shares		↓ Weighting
V	Exit	VISA INC CLASS A	$0	–	-6,425	–	-0.88%	–
TJX	Exit	TJX COMPANIES INC CM	$0	–	-20,403	–	-0.90%	–
URI	Exit	UNITED RENTALS CV COM	$0	–	-9,253	–	-0.91%	–
VMC	Exit	VULCAN MATERIALS	$0	–	-8,002	–	-0.96%	–
MLM	Exit	MARTIN MARIETTA MATERIALS, INC	$0	–	-5,054	–	-1.10%	–
JPM	Exit	JP MORGAN CHASE & CO COM	$0	–	-13,086	–	-1.22%	–
IGV	Exit	ISHARES NORTH AMERICAN TECH SOFTWARE ETFexpanded tech	$0	–	-7,876	–	-1.32%	–
XOP	Exit	SPDR SERIES TRUST SPDR S&P OIL & GAS EXPLs&p oilgas exp	$0	–	-78,480	–	-1.39%	–
TMO	Exit	THERMO FISHER SCIENTIFIC COM	$0	–	-8,871	–	-2.05%	–
CMCSA	Exit	COMCAST CORP COM CL Acl a	$0	–	-84,438	–	-3.02%	–
O	Exit	REALTY INCOME CORPORATION COM	$0	–	-50,329	–	-3.06%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$0	–	-119,364	–	-3.43%	–
WMT	Exit	WAL-MART STORES COM	$0	–	-41,199	–	-3.87%	–
SHY	Exit	ISHARES 1-3 YR TREASURY BND ETF1 3 yr treas bd	$0	–	-78,572	–	-5.28%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$0	–	-57,636	–	-6.89%	–
IVV	Exit	ISHARES CORE S&P 500 ETFcore s&p500 etf	$0	–	-41,127	–	-9.72%	–
VGIT	Exit	VANGUARD INTERMEDIATE-TERM GOVT BOND ETFinter term treas	$0	–	-240,116	–	-12.68%	–
IEF	Exit	ISHARES 7-10 YR TREASURY BND ETFbarclays 7 10 yr	$0	–	-152,675	–	-13.60%	–
IAU	Exit	ISHARES GOLD TRUST COMishares	$0	–	-1,238,396	–	-13.83%	–
GLD	Exit	SPDR GOLD TR GOLD SHS ETF	$0	–	-126,437	–	-13.90%	–

Q3 2019

			Value		Shares		↓ Weighting
GLD	Sell	SPDR GOLD TR GOLD SHS ETF	$17,558,306,000	+2.9%	126,437	-1.3%	13.90%	-4.2%
IAU	Sell	ISHARES GOLD TRUST COMishares	$17,461,384,000	+3.3%	1,238,396	-1.1%	13.83%	-3.8%
IEF	Sell	ISHARES 7-10 YR TREASURY BND ETFbarclays 7 10 yr	$17,171,357,000	+1.0%	152,675	-1.2%	13.60%	-5.9%
VGIT	Sell	VANGUARD INTERMEDIATE-TERM GOVT BOND ETFinter term treas	$16,008,534,000	-0.2%	240,116	-1.2%	12.68%	-7.0%
IVV	New	ISHARES CORE S&P 500 ETFcore s&p500 etf	$12,277,232,000	–	41,127	–	9.72%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$8,703,036,000	–	57,636	–	6.89%	–
SHY	Sell	ISHARES 1-3 YR TREASURY BND ETF1 3 yr treas bd	$6,664,477,000	-71.9%	78,572	-71.9%	5.28%	-73.8%
WMT	Sell	WAL-MART STORES COM	$4,889,497,000	+3.6%	41,199	-3.5%	3.87%	-3.5%
KNX	Sell	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$4,332,913,000	+7.1%	119,364	-3.1%	3.43%	-0.3%
O	Sell	REALTY INCOME CORPORATION COM	$3,859,228,000	+8.1%	50,329	-2.7%	3.06%	+0.7%
CMCSA	Sell	COMCAST CORP COM CL Acl a	$3,806,465,000	+3.6%	84,438	-2.8%	3.02%	-3.4%
TMO	Sell	THERMO FISHER SCIENTIFIC COM	$2,583,856,000	-3.9%	8,871	-3.1%	2.05%	-10.5%
XOP	New	SPDR SERIES TRUST SPDR S&P OIL & GAS EXPLs&p oilgas exp	$1,754,813,000	–	78,480	–	1.39%	–
IGV	New	ISHARES NORTH AMERICAN TECH SOFTWARE ETFexpanded tech	$1,668,767,000	–	7,876	–	1.32%	–
JPM	Sell	JP MORGAN CHASE & CO COM	$1,540,091,000	-1.2%	13,086	-6.2%	1.22%	-7.9%
MLM	Sell	MARTIN MARIETTA MATERIALS, INC	$1,385,301,000	+11.3%	5,054	-6.5%	1.10%	+3.7%
VMC	New	VULCAN MATERIALS	$1,210,222,000	–	8,002	–	0.96%	–
URI	Sell	UNITED RENTALS CV COM	$1,153,294,000	-12.0%	9,253	-6.4%	0.91%	-18.0%
TJX	New	TJX COMPANIES INC CM	$1,137,263,000	–	20,403	–	0.90%	–
V	New	VISA INC CLASS A	$1,105,164,000	–	6,425	–	0.88%	–
PGX	Exit	POWERSHARES PFD PORTpfd etf	$0	–	-10,893	–	-0.14%	–
IWM	Exit	ISHARES RUSSELL 2000 ETFrussell 2000 etf	$0	–	-12,612	–	-1.67%	–
RSP	Exit	GUGGENHEIM S&P 500 EQUAL WEIGHT ETFs&p500 eql wgt	$0	–	-18,290	–	-1.68%	–

Q2 2019

			Value		Shares		↓ Weighting
SHY	New	ISHARES 1-3 YR TREASURY BND ETF1 3 yr treas bd	$23,712,118,000	–	279,690	–	20.16%	–
GLD	New	SPDR GOLD TR GOLD SHS ETF	$17,071,045,000	–	128,161	–	14.51%	–
IEF	New	ISHARES 7-10 YR TREASURY BND ETFbarclays 7 10 yr	$17,004,031,000	–	154,554	–	14.46%	–
IAU	New	ISHARES GOLD TRUST COMishares	$16,909,168,000	–	1,252,531	–	14.38%	–
VGIT	New	VANGUARD INTERMEDIATE-TERM GOVT BOND ETFinter term treas	$16,033,744,000	–	243,046	–	13.63%	–
WMT	New	WAL-MART STORES COM	$4,718,364,000	–	42,704	–	4.01%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$4,046,676,000	–	123,224	–	3.44%	–
CMCSA	New	COMCAST CORP COM CL Acl a	$3,672,440,000	–	86,860	–	3.12%	–
O	New	REALTY INCOME CORPORATION COM	$3,568,852,000	–	51,745	–	3.03%	–
TMO	New	THERMO FISHER SCIENTIFIC COM	$2,688,934,000	–	9,156	–	2.29%	–
RSP	New	GUGGENHEIM S&P 500 EQUAL WEIGHT ETFs&p500 eql wgt	$1,971,662,000	–	18,290	–	1.68%	–
IWM	New	ISHARES RUSSELL 2000 ETFrussell 2000 etf	$1,961,166,000	–	12,612	–	1.67%	–
JPM	New	JP MORGAN CHASE & CO COM	$1,558,939,000	–	13,944	–	1.32%	–
URI	New	UNITED RENTALS CV COM	$1,310,782,000	–	9,883	–	1.11%	–
MLM	New	MARTIN MARIETTA MATERIALS, INC	$1,244,204,000	–	5,407	–	1.06%	–
PGX	New	POWERSHARES PFD PORTpfd etf	$159,364,000	–	10,893	–	0.14%	–

Q4 2018

			Value		Shares		↓ Weighting
VBK	Exit	VANGUARD MSCI US SM CAP GROWTHsml cp grw etf	$0	–	-1,199	–	-0.17%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$0	–	-13,320	–	-0.45%	–
MGA	Exit	MAGNA INTL INC COM	$0	–	-24,400	–	-0.99%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$0	–	-39,584	–	-1.06%	–
KBE	Exit	SPDR SERIES TRUST S&P BANK ETFs&p bk etf	$0	–	-43,798	–	-1.58%	–
KRE	Exit	SPDR SERIES TRUST S&P REGIONAL BANKING ETFs&p regl bkg	$0	–	-35,530	–	-1.64%	–
IYT	Exit	ISHARES TRANPORTATION AVERAGE ETFtrans avg etf	$0	–	-11,010	–	-1.75%	–
GOOGL	Exit	ALPHABET INC COM CL Acap stk cl a	$0	–	-3,018	–	-2.82%	–
NUE	Exit	NUCOR CORP COM	$0	–	-58,089	–	-2.86%	–
JPM	Exit	JP MORGAN CHASE & CO COM	$0	–	-34,157	–	-2.99%	–
WMT	Exit	WAL-MART STORES COM	$0	–	-41,783	–	-3.04%	–
VEU	Exit	VANGUARD FTSE ALL-WORLD EX-Uallwrld ex us	$0	–	-124,464	–	-5.02%	–
XOP	Exit	SPDR SERIES TRUST SPDR S&P OIL & GAS EXPLs&p oilgas exp	$0	–	-191,332	–	-6.42%	–
XLV	Exit	SELECT SECTOR SPDR TRUST HEALTH CARE SELECsbi healthcare	$0	–	-92,212	–	-6.80%	–
ACWX	Exit	ISHARES MSCI ACWI EX US ETFmsci acwi ex us	$0	–	-204,245	–	-7.55%	–
IVV	Exit	ISHARES CORE S&P 500 ETFcore s&p500 etf	$0	–	-56,143	–	-12.74%	–
SPY	Exit	SPDR TR S&P 500 ETF TRtr unit	$0	–	-56,878	–	-12.82%	–
VOO	Exit	VANGUARD INDEX FUNDS S&P 500 ETF	$0	–	-141,594	–	-29.31%	–

Q3 2018

			Value		Shares		↓ Weighting
VOO	Buy	VANGUARD INDEX FUNDS S&P 500 ETF	$37,812,000	+10.3%	141,594	+3.0%	29.31%	-29.3%
SPY	New	SPDR TR S&P 500 ETF TRtr unit	$16,535,000	–	56,878	–	12.82%	–
IVV	New	ISHARES CORE S&P 500 ETFcore s&p500 etf	$16,434,000	–	56,143	–	12.74%	–
ACWX	New	ISHARES MSCI ACWI EX US ETFmsci acwi ex us	$9,740,000	–	204,245	–	7.55%	–
XLV	New	SELECT SECTOR SPDR TRUST HEALTH CARE SELECsbi healthcare	$8,773,000	–	92,212	–	6.80%	–
XOP	New	SPDR SERIES TRUST SPDR S&P OIL & GAS EXPLs&p oilgas exp	$8,282,000	–	191,332	–	6.42%	–
VEU	New	VANGUARD FTSE ALL-WORLD EX-Uallwrld ex us	$6,478,000	–	124,464	–	5.02%	–
WMT	Sell	WAL-MART STORES COM	$3,923,000	+0.8%	41,783	-8.0%	3.04%	-35.3%
JPM	Sell	JP MORGAN CHASE & CO COM	$3,854,000	-1.3%	34,157	-8.9%	2.99%	-36.7%
NUE	Sell	NUCOR CORP COM	$3,685,000	-6.8%	58,089	-8.2%	2.86%	-40.2%
GOOGL	Sell	ALPHABET INC COM CL Acap stk cl a	$3,642,000	-1.7%	3,018	-8.0%	2.82%	-36.9%
IYT	New	ISHARES TRANPORTATION AVERAGE ETFtrans avg etf	$2,252,000	–	11,010	–	1.75%	–
KRE	New	SPDR SERIES TRUST S&P REGIONAL BANKING ETFs&p regl bkg	$2,111,000	–	35,530	–	1.64%	–
KBE	New	SPDR SERIES TRUST S&P BANK ETFs&p bk etf	$2,039,000	–	43,798	–	1.58%	–
KNX	Sell	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$1,364,000	-25.5%	39,584	-17.4%	1.06%	-52.2%
MGA	Sell	MAGNA INTL INC COM	$1,281,000	-26.1%	24,400	-18.2%	0.99%	-52.6%
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$576,000	–	13,320	–	0.45%	–
VBK	New	VANGUARD MSCI US SM CAP GROWTHsml cp grw etf	$224,000	–	1,199	–	0.17%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-14,137	–	-2.32%	–
IAU	Exit	ISHARES GOLD TRUST COMishares	$0	–	-292,633	–	-4.25%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-15,419	–	-4.57%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGY ETFnasdaq biotech	$0	–	-34,593	–	-4.59%	–
IEF	Exit	ISHARES 7-10 YR TREASURY BND ETFbarclays 7 10 yr	$0	–	-160,216	–	-19.85%	–

Q2 2018

			Value		Shares		↓ Weighting
VOO	New	VANGUARD INDEX FUNDS S&P 500 ETF	$34,295,000	–	137,452	–	41.44%	–
IEF	New	ISHARES 7-10 YR TREASURY BND ETFbarclays 7 10 yr	$16,423,000	–	160,216	–	19.85%	–
NUE	New	NUCOR CORP COM	$3,952,000	–	63,245	–	4.78%	–
JPM	New	JP MORGAN CHASE & CO COM	$3,906,000	–	37,490	–	4.72%	–
WMT	New	WAL-MART STORES COM	$3,891,000	–	45,438	–	4.70%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGY ETFnasdaq biotech	$3,799,000	–	34,593	–	4.59%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$3,782,000	–	15,419	–	4.57%	–
GOOGL	New	ALPHABET INC COM CL Acap stk cl a	$3,704,000	–	3,281	–	4.48%	–
IAU	New	ISHARES GOLD TRUST COMishares	$3,517,000	–	292,633	–	4.25%	–
CAT	New	CATERPILLAR INC COM	$1,917,000	–	14,137	–	2.32%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INC COM CL Acl a	$1,830,000	–	47,919	–	2.21%	–
MGA	New	MAGNA INTL INC COM	$1,733,000	–	29,813	–	2.09%	–

Q4 2017

			Value		Shares		↓ Weighting
SPY	Exit	SPDR TR S&P 500 ETF TRtr unit	$0	–	-908	–	-0.15%	–
NUE	Exit	NUCOR CORP COM	$0	–	-25,458	–	-0.92%	–
MGA	Exit	MAGNA INTL INC COM	$0	–	-27,294	–	-0.94%	–
CCL	Exit	CARNIVAL CORP UNITunit 99/99/9999	$0	–	-23,456	–	-0.97%	–
JPM	Exit	JP MORGAN CHASE & CO COM	$0	–	-16,774	–	-1.03%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-13,989	–	-1.12%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INC COMcl a	$0	–	-46,290	–	-1.24%	–
GOOGL	Exit	ALPHABET INC CL Acap stk cl a	$0	–	-2,956	–	-1.85%	–
LH	Exit	LABORATORY CORP OF AMERICA COM	$0	–	-19,938	–	-1.93%	–
AVGO	Exit	BROADCOM LIMITED COM	$0	–	-12,947	–	-2.02%	–
AMZN	Exit	AMAZON.COM INC COM	$0	–	-3,341	–	-2.06%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-38,544	–	-2.27%	–
OC	Exit	OWENS CORNING COM	$0	–	-48,009	–	-2.38%	–
GOLD	Exit	BARRICK GOLD CORP COM	$0	–	-280,392	–	-2.90%	–
PFF	Exit	ISHARES US PREFERRED STOCK ETFs&p us pfd stk	$0	–	-121,011	–	-3.02%	–
LQD	Exit	ISHARES IBOXX $ INVMNT GRD CORP BD ETFiboxx inv cp etf	$0	–	-39,080	–	-3.04%	–
GDX	Exit	VANECK VECTORS GOLD MINERS ETFgold miners etf	$0	–	-208,978	–	-3.08%	–
QQQ	Exit	POWERSHARES QQQunit ser 1	$0	–	-45,725	–	-4.27%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGY ETFnasdaq biotech	$0	–	-23,090	–	-4.95%	–
KRE	Exit	SPDR S&P REGIONAL BANKING ETFs&p regl bkg	$0	–	-151,988	–	-5.54%	–
IAU	Exit	ISHARES GOLD TRUST COMishares	$0	–	-866,584	–	-6.85%	–
OEF	Exit	ISHARES S&P 100 ETFs&p 100 etf	$0	–	-99,583	–	-7.12%	–
AMLP	Exit	ALPS ETF TRUST ALERIAN MLPalerian mlp	$0	–	-1,279,199	–	-9.22%	–
IWM	Exit	ISHARES RUSSELL 2000 ETFrussell 2000 etf	$0	–	-108,967	–	-10.37%	–
VOO	Exit	VANGUARD INDEX FUNDS S&P 500 ETF	$0	–	-140,257	–	-20.79%	–

Q3 2017

			Value		Shares		↓ Weighting
VOO	Sell	VANGUARD INDEX FUNDS S&P 500 ETF	$32,365,000	+0.4%	140,257	-3.3%	20.79%	-53.2%
IWM	New	ISHARES RUSSELL 2000 ETFrussell 2000 etf	$16,146,000	–	108,967	–	10.37%	–
AMLP	New	ALPS ETF TRUST ALERIAN MLPalerian mlp	$14,352,000	–	1,279,199	–	9.22%	–
OEF	New	ISHARES S&P 100 ETFs&p 100 etf	$11,083,000	–	99,583	–	7.12%	–
IAU	New	ISHARES GOLD TRUST COMishares	$10,667,000	–	866,584	–	6.85%	–
KRE	New	SPDR S&P REGIONAL BANKING ETFs&p regl bkg	$8,626,000	–	151,988	–	5.54%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGY ETFnasdaq biotech	$7,702,000	–	23,090	–	4.95%	–
QQQ	New	POWERSHARES QQQunit ser 1	$6,650,000	–	45,725	–	4.27%	–
GDX	Sell	VANECK VECTORS GOLD MINERS ETFgold miners etf	$4,798,000	+2.5%	208,978	-1.4%	3.08%	-52.2%
LQD	New	ISHARES IBOXX $ INVMNT GRD CORP BD ETFiboxx inv cp etf	$4,737,000	–	39,080	–	3.04%	–
PFF	New	ISHARES US PREFERRED STOCK ETFs&p us pfd stk	$4,696,000	–	121,011	–	3.02%	–
GOLD	Sell	BARRICK GOLD CORP COM	$4,511,000	-1.3%	280,392	-2.4%	2.90%	-54.0%
OC	New	OWENS CORNING COM	$3,713,000	–	48,009	–	2.38%	–
PSX	New	PHILLIPS 66 COM	$3,530,000	–	38,544	–	2.27%	–
AMZN	New	AMAZON.COM INC COM	$3,211,000	–	3,341	–	2.06%	–
AVGO	New	BROADCOM LIMITED COM	$3,140,000	–	12,947	–	2.02%	–
LH	New	LABORATORY CORP OF AMERICA COM	$3,010,000	–	19,938	–	1.93%	–
GOOGL	New	ALPHABET INC CL Acap stk cl a	$2,878,000	–	2,956	–	1.85%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INC COMcl a	$1,923,000	–	46,290	–	1.24%	–
CAT	Buy	CATERPILLAR INC COM	$1,744,000	+21.4%	13,989	+4.6%	1.12%	-43.4%
JPM	New	JP MORGAN CHASE & CO COM	$1,602,000	–	16,774	–	1.03%	–
CCL	Buy	CARNIVAL CORP UNITunit 99/99/9999	$1,514,000	+2.9%	23,456	+4.5%	0.97%	-52.0%
MGA	New	MAGNA INTL INC COM	$1,456,000	–	27,294	–	0.94%	–
NUE	New	NUCOR CORP COM	$1,426,000	–	25,458	–	0.92%	–
SPY	New	SPDR TR S&P 500 ETF TRtr unit	$228,000	–	908	–	0.15%	–
VV	Exit	VANGUARD CRSP US LARGE CAP INDEXlarge cap etf	$0	–	-1,395	–	-0.21%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$0	–	-1,421	–	-0.24%	–
SWFT	Exit	SWIFT TRANSPORTATION COMPANY COMcl a	$0	–	-61,902	–	-2.26%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-53,797	–	-4.32%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-47,691	–	-4.76%	–
PGX	Exit	POWERSHARES PFD PORTpfd portfolio	$0	–	-341,402	–	-7.11%	–
HYG	Exit	ISHARES IBOXX $ HI YIELD CORP BND ETFiboxx hi yd etf	$0	–	-163,775	–	-19.95%	–

Q2 2017

			Value		Shares		↓ Weighting
VOO	New	VANGUARD INDEX FUNDS S&P 500 ETF	$32,223,000	–	145,111	–	44.40%	–
HYG	New	ISHARES IBOXX $ HI YIELD CORP BND ETFiboxx hi yd etf	$14,476,000	–	163,775	–	19.95%	–
PGX	New	POWERSHARES PFD PORTpfd portfolio	$5,158,000	–	341,402	–	7.11%	–
GDX	New	VANECK VECTORS GOLD MINERS ETFgold miners etf	$4,680,000	–	211,975	–	6.45%	–
GOLD	New	BARRICK GOLD CORP COM	$4,569,000	–	287,184	–	6.30%	–
ABBV	New	ABBVIE INC COM	$3,458,000	–	47,691	–	4.76%	–
SBUX	New	STARBUCKS CORP COM	$3,136,000	–	53,797	–	4.32%	–
SWFT	New	SWIFT TRANSPORTATION COMPANY COMcl a	$1,640,000	–	61,902	–	2.26%	–
CCL	New	CARNIVAL CORP UNITunit 99/99/9999	$1,471,000	–	22,437	–	2.03%	–
CAT	New	CATERPILLAR INC COM	$1,436,000	–	13,369	–	1.98%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$176,000	–	1,421	–	0.24%	–
VV	New	VANGUARD CRSP US LARGE CAP INDEXlarge cap etf	$154,000	–	1,395	–	0.21%	–

Q4 2016

			Value		Shares		↓ Weighting
PGF	Exit	POWERSHARES PREFERRED PORTFOLIOfinl pfd ptfl	$0	–	-11,880	–	-0.17%	–
IWM	Exit	ISHARES RUSSELL 2000 ETFrussell 2000 etf	$0	–	-2,111	–	-0.20%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTutser1 s&pdcrp	$0	–	-945	–	-0.20%	–
VCIT	Exit	VANGUARD INTERMEDIATE TERM CORP BOND ETint-term corp	$0	–	-4,143	–	-0.28%	–
SHY	Exit	ISHARES 1-3 YR TREASURY BND ETF1-3 yr tr bd etf	$0	–	-30,564	–	-1.98%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-54,000	–	-2.22%	–
AMLP	Exit	ALPS ETF TRUST ALERIAN MLPalerian mlp	$0	–	-299,993	–	-2.89%	–
GOOGL	Exit	ALPHABET INC CL Acap stk cl a	$0	–	-5,006	–	-3.06%	–
UPS	Exit	UNITED PARCEL SERVICE CL Bcl b	$0	–	-40,158	–	-3.34%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-139,999	–	-3.38%	–
CP	Exit	CANADIAN PAC RAILWAY LTD COM	$0	–	-30,000	–	-3.48%	–
FDX	Exit	FEDEX CORPORATION COM	$0	–	-27,063	–	-3.59%	–
DFS	Exit	DISCOVER FINL SVCS COM	$0	–	-149,999	–	-6.45%	–
AMZN	Exit	AMAZON.COM INC COM	$0	–	-10,400	–	-6.62%	–
FB	Exit	FACEBOOK INC COMcl a	$0	–	-68,375	–	-6.67%	–
IJH	Exit	ISHARES CORE S&P MID-CAP ETFcore s&p mcp etf	$0	–	-65,441	–	-7.70%	–
PFF	Exit	ISHARES US PREFERRED STOCK ETFu.s. pfd stk etf	$0	–	-369,996	–	-11.11%	–
IWB	Exit	ISHARES RUSSELL 1000 ETFrus 1000 etf	$0	–	-169,788	–	-15.55%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$0	–	-249,430	–	-21.11%	–

Q3 2016

			Value		Shares		↓ Weighting
VTI	Buy	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$27,769,042,000	+115114.7%	249,430	+10.9%	21.11%	+22.1%
IWB	New	ISHARES RUSSELL 1000 ETFrus 1000 etf	$20,452,662,000	–	169,788	–	15.55%	–
PFF	New	ISHARES US PREFERRED STOCK ETFu.s. pfd stk etf	$14,614,842,000	–	369,996	–	11.11%	–
IJH	New	ISHARES CORE S&P MID-CAP ETFcore s&p mcp etf	$10,124,377,000	–	65,441	–	7.70%	–
FB	New	FACEBOOK INC COMcl a	$8,770,461,000	–	68,375	–	6.67%	–
AMZN	New	AMAZON.COM INC COM	$8,708,024,000	–	10,400	–	6.62%	–
DFS	New	DISCOVER FINL SVCS COM	$8,482,443,000	–	149,999	–	6.45%	–
FDX	New	FEDEX CORPORATION COM	$4,727,365,000	–	27,063	–	3.59%	–
CP	New	CANADIAN PAC RAILWAY LTD COM	$4,581,000,000	–	30,000	–	3.48%	–
CSCO	New	CISCO SYSTEMS INC COM	$4,440,768,000	–	139,999	–	3.38%	–
UPS	New	UNITED PARCEL SERVICE CL Bcl b	$4,391,679,000	–	40,158	–	3.34%	–
GOOGL	New	ALPHABET INC CL Acap stk cl a	$4,025,124,000	–	5,006	–	3.06%	–
AMLP	New	ALPS ETF TRUST ALERIAN MLPalerian mlp	$3,806,911,000	–	299,993	–	2.89%	–
SBUX	New	STARBUCKS CORP COM	$2,923,560,000	–	54,000	–	2.22%	–
SHY	New	ISHARES 1-3 YR TREASURY BND ETF1-3 yr tr bd etf	$2,599,163,000	–	30,564	–	1.98%	–
VCIT	New	VANGUARD INTERMEDIATE TERM CORP BOND ETint-term corp	$371,130,000	–	4,143	–	0.28%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTutser1 s&pdcrp	$266,745,000	–	945	–	0.20%	–
IWM	New	ISHARES RUSSELL 2000 ETFrussell 2000 etf	$262,207,000	–	2,111	–	0.20%	–
PGF	New	POWERSHARES PREFERRED PORTFOLIOfinl pfd ptfl	$226,314,000	–	11,880	–	0.17%	–
IEF	Exit	ISHARES 7-10 YR TREASURY BND ETF7-10 y tr bd etf	$0	–	-28,793	–	-2.33%	–
IAU	Exit	ISHARES GOLD TRUST COMishares	$0	–	-565,101	–	-5.17%	–
BND	Exit	VANGUARD TOTAL BOND MARKET ETFtotal bnd mrkt	$0	–	-120,997	–	-7.32%	–
IWV	Exit	ISHARES RUSSELL 3000 ETFrussell 3000 etf	$0	–	-144,403	–	-12.85%	–
IVV	Exit	ISHARES CORE S&P 500 ETFcore s&p500 etf	$0	–	-165,355	–	-24.97%	–
VOO	Exit	VANGUARD INDEX FUNDS S&P 500 ETF	$0	–	-218,099	–	-30.07%	–

Q2 2016

			Value		Shares		↓ Weighting
VOO	New	VANGUARD INDEX FUNDS S&P 500 ETF	$41,918,000	–	218,099	–	30.07%	–
IVV	New	ISHARES CORE S&P 500 ETFcore s&p500 etf	$34,807,000	–	165,355	–	24.97%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ETFtotal stk mkt	$24,102,000	–	224,924	–	17.29%	–
IWV	New	ISHARES RUSSELL 3000 ETFrussell 3000 etf	$17,908,000	–	144,403	–	12.85%	–
BND	New	VANGUARD TOTAL BOND MARKET ETFtotal bnd mrkt	$10,200,000	–	120,997	–	7.32%	–
IAU	New	ISHARES GOLD TRUST COMishares	$7,210,000	–	565,101	–	5.17%	–
IEF	New	ISHARES 7-10 YR TREASURY BND ETF7-10 y tr bd etf	$3,252,000	–	28,793	–	2.33%	–

Q4 2015

			Value		Shares		↓ Weighting
SBUX	Exit	STARBUCKS CORP COM	$0	–	-107,008	–	-7.58%	–
IAU	Exit	ISHARES GOLD TRUST COMishares	$0	–	-690,557	–	-9.27%	–
GLD	Exit	SPDR GOLD TR GOLD SHS ETF	$0	–	-69,817	–	-9.29%	–
AAPL	Exit	APPLE INC COM	$0	–	-74,667	–	-10.26%	–
PFF	Exit	ISHARES US PREFERRED STOCK ETFu.s. pfd stk etf	$0	–	-386,600	–	-18.58%	–
SHY	Exit	ISHARES 1-3 YR TREASURY BND ETF1-3 yr tr bd etf	$0	–	-425,340	–	-45.02%	–

Q3 2015

			Value		Shares		↓ Weighting
SHY	New	ISHARES 1-3 YR TREASURY BND ETF1-3 yr tr bd etf	$36,149,000	–	425,340	–	45.02%	–
PFF	New	ISHARES US PREFERRED STOCK ETFu.s. pfd stk etf	$14,922,000	–	386,600	–	18.58%	–
AAPL	Sell	APPLE INC COM	$8,235,000	-17.5%	74,667	-6.2%	10.26%	-10.1%
GLD	New	SPDR GOLD TR GOLD SHS ETF	$7,460,000	–	69,817	–	9.29%	–
IAU	New	ISHARES GOLD TRUST COMishares	$7,444,000	–	690,557	–	9.27%	–
SBUX	Sell	STARBUCKS CORP COM	$6,082,000	-41.3%	107,008	-44.7%	7.58%	-36.0%
TSO	Exit	TESORO CORPORATION COM	$0	–	-49,356	–	-4.76%	–
MCK	Exit	MCKESSON CORP COM	$0	–	-19,738	–	-5.07%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-54,166	–	-5.17%	–
MA	Exit	MASTERCARD INC COMcl a	$0	–	-48,895	–	-5.22%	–
FDX	Exit	FEDEX CORPORATION COM	$0	–	-27,221	–	-5.30%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-59,152	–	-5.44%	–
V	Exit	VISA INC CLASS A	$0	–	-75,456	–	-5.78%	–
AET	Exit	AETNA US HEALTHCARE COM	$0	–	-47,620	–	-6.93%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-77,859	–	-10.85%	–
CVS	Exit	CVS HEALTH CORPORATION COM	$0	–	-90,864	–	-10.88%	–
NKE	Exit	NIKE INC CL Bcl b	$0	–	-92,098	–	-11.36%	–

Q2 2015

			Value		Shares		↓ Weighting
SBUX	New	STARBUCKS CORP COM	$10,365,000	–	193,335	–	11.84%	–
AAPL	New	APPLE INC COM	$9,987,000	–	79,627	–	11.40%	–
NKE	New	NIKE INC CL Bcl b	$9,948,000	–	92,098	–	11.36%	–
CVS	New	CVS HEALTH CORPORATION COM	$9,529,000	–	90,864	–	10.88%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$9,498,000	–	77,859	–	10.85%	–
AET	New	AETNA US HEALTHCARE COM	$6,069,000	–	47,620	–	6.93%	–
V	New	VISA INC CLASS A	$5,066,000	–	75,456	–	5.78%	–
PSX	New	PHILLIPS 66 COM	$4,765,000	–	59,152	–	5.44%	–
FDX	New	FEDEX CORPORATION COM	$4,638,000	–	27,221	–	5.30%	–
MA	New	MASTERCARD INC COMcl a	$4,570,000	–	48,895	–	5.22%	–
CAH	New	CARDINAL HEALTH INC COM	$4,530,000	–	54,166	–	5.17%	–
MCK	New	MCKESSON CORP COM	$4,437,000	–	19,738	–	5.07%	–
TSO	New	TESORO CORPORATION COM	$4,166,000	–	49,356	–	4.76%	–

Q4 2014

			Value		Shares		↓ Weighting
GOOGL	Exit	GOOGLE INC CLASS Acl a	$0	–	-2,992	–	-3.43%	–
TRN	Exit	TRINITY INDS INC DEL COM	$0	–	-42,098	–	-3.83%	–
DAL	Exit	DELTA AIR LINES INC COM	$0	–	-54,608	–	-3.85%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS LP	$0	–	-52,610	–	-4.13%	–
PRGO	Exit	PERRIGO CO PLC ORD	$0	–	-27,674	–	-8.10%	–
AXP	Exit	AMERICAN EXPRESS CO CM	$0	–	-47,651	–	-8.13%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-57,604	–	-8.47%	–
CVS	Exit	CVS HEALTH CORPORATION COM	$0	–	-56,447	–	-8.76%	–
AAPL	Exit	APPLE INC COM	$0	–	-45,154	–	-8.87%	–
DFS	Exit	DISCOVER FINL SVCS COM	$0	–	-71,213	–	-8.94%	–
LUV	Exit	SOUTHWEST AIRLINES CO COM	$0	–	-164,121	–	-10.80%	–
MSFT	Exit	MICROSOFT CORP COM	$0	–	-123,189	–	-11.13%	–
FDX	Exit	FEDEX CORPORATION COM	$0	–	-36,705	–	-11.55%	–

Q3 2014

			Value		Shares		↓ Weighting
FDX	Buy	FEDEX CORPORATION COM	$5,926,000	+6.7%	36,705	+0.0%	11.55%	+170.5%
MSFT	Buy	MICROSOFT CORP COM	$5,711,000	+163.2%	123,189	+136.8%	11.13%	+567.4%
LUV	Sell	SOUTHWEST AIRLINES CO COM	$5,542,000	+24.7%	164,121	-0.8%	10.80%	+216.2%
DFS	Sell	DISCOVER FINL SVCS COM	$4,585,000	-1.4%	71,213	-5.0%	8.94%	+150.1%
AAPL	Sell	APPLE INC COM	$4,549,000	+8.1%	45,154	-0.3%	8.87%	+174.1%
CVS	Buy	CVS HEALTH CORPORATION COM	$4,493,000	+127.3%	56,447	+115.2%	8.76%	+476.2%
SBUX	Sell	STARBUCKS CORP COM	$4,347,000	-5.2%	57,604	-2.8%	8.47%	+140.4%
AXP	Buy	AMERICAN EXPRESS CO CM	$4,171,000	+5.3%	47,651	+14.2%	8.13%	+167.1%
PRGO	New	PERRIGO CO PLC ORD	$4,156,000	–	27,674	–	8.10%	–
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS LP	$2,120,000	+1.4%	52,610	+97.0%	4.13%	+157.1%
DAL	Sell	DELTA AIR LINES INC COM	$1,974,000	-56.2%	54,608	-53.1%	3.85%	+11.0%
TRN	New	TRINITY INDS INC DEL COM	$1,967,000	–	42,098	–	3.83%	–
GOOGL	Sell	GOOGLE INC CLASS Acl a	$1,761,000	-19.2%	2,992	-19.7%	3.43%	+104.8%
CP	Exit	CANADIAN PAC RAILWAY LTD COM	$0	–	-5,447	–	-0.76%	–
PG	Exit	PROCTER GAMBLE CO COM	$0	–	-25,000	–	-1.51%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-24,873	–	-1.56%	–
NKE	Exit	NIKE INC CL Bcl b	$0	–	-36,765	–	-2.19%	–
KRFT	Exit	KRAFT FOODS GROUP INC COM	$0	–	-48,109	–	-2.22%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-27,820	–	-2.24%	–
MCK	Exit	MCKESSON CORP COM	$0	–	-15,895	–	-2.28%	–
BK	Exit	BANK OF NEW YORK MELLON CORP COM	$0	–	-80,754	–	-2.33%	–
SDY	Exit	SPDR S&P HI YLD DIV ARISTOCRATS IDXs&p divid etf	$0	–	-45,928	–	-2.70%	–
EWG	Exit	ISHARES MSCI GERMANY ETFmsci germany etf	$0	–	-120,251	–	-2.89%	–
VZ	Exit	VERIZON COMMUNICATIONS COM	$0	–	-84,507	–	-3.18%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-58,372	–	-3.61%	–
DIS	Exit	WALT DISNEY CO COM	$0	–	-62,856	–	-4.14%	–
DVY	Exit	ISHARES SELECT DIVIDEND ETFselect divid etf	$0	–	-90,837	–	-5.38%	–
HYG	Exit	ISHARES IBOXX $ HI YIELD CORP BND ETFiboxx hi yd etf	$0	–	-189,445	–	-13.86%	–
PFF	Exit	ISHARES US PREFERRED STOCK ETFu.s. pfd stk etf	$0	–	-591,853	–	-18.16%	–

Q2 2014

			Value		Shares		↓ Weighting
PFF	New	ISHARES US PREFERRED STOCK ETFu.s. pfd stk etf	$23,621,000	–	591,853	–	18.16%	–
HYG	New	ISHARES IBOXX $ HI YIELD CORP BND ETFiboxx hi yd etf	$18,035,000	–	189,445	–	13.86%	–
DVY	New	ISHARES SELECT DIVIDEND ETFselect divid etf	$6,993,000	–	90,837	–	5.38%	–
FDX	New	FEDEX CORPORATION COM	$5,556,000	–	36,700	–	4.27%	–
DIS	New	WALT DISNEY CO COM	$5,389,000	–	62,856	–	4.14%	–
PSX	New	PHILLIPS 66 COM	$4,695,000	–	58,372	–	3.61%	–
DFS	New	DISCOVER FINL SVCS COM	$4,648,000	–	74,994	–	3.57%	–
SBUX	New	STARBUCKS CORP COM	$4,586,000	–	59,261	–	3.52%	–
DAL	New	DELTA AIR LINES INC COM	$4,512,000	–	116,524	–	3.47%	–
LUV	New	SOUTHWEST AIRLINES CO COM	$4,444,000	–	165,450	–	3.42%	–
AAPL	New	APPLE INC COM	$4,208,000	–	45,282	–	3.24%	–
VZ	New	VERIZON COMMUNICATIONS COM	$4,135,000	–	84,507	–	3.18%	–
AXP	New	AMERICAN EXPRESS CO CM	$3,960,000	–	41,740	–	3.04%	–
EWG	New	ISHARES MSCI GERMANY ETFmsci germany etf	$3,761,000	–	120,251	–	2.89%	–
SDY	New	SPDR S&P HI YLD DIV ARISTOCRATS IDXs&p divid etf	$3,518,000	–	45,928	–	2.70%	–
BK	New	BANK OF NEW YORK MELLON CORP COM	$3,027,000	–	80,754	–	2.33%	–
MCK	New	MCKESSON CORP COM	$2,960,000	–	15,895	–	2.28%	–
JNJ	New	JOHNSON & JOHNSON COM	$2,911,000	–	27,820	–	2.24%	–
KRFT	New	KRAFT FOODS GROUP INC COM	$2,884,000	–	48,109	–	2.22%	–
NKE	New	NIKE INC CL Bcl b	$2,851,000	–	36,765	–	2.19%	–
GOOGL	New	GOOGLE INC CLASS Acl a	$2,180,000	–	3,728	–	1.68%	–
MSFT	New	MICROSOFT CORP COM	$2,170,000	–	52,032	–	1.67%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS LP	$2,091,000	–	26,710	–	1.61%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$2,033,000	–	24,873	–	1.56%	–
CVS	New	CVS CAREMARK CORPORATION COM	$1,977,000	–	26,228	–	1.52%	–
PG	New	PROCTER GAMBLE CO COM	$1,965,000	–	25,000	–	1.51%	–
CP	New	CANADIAN PAC RAILWAY LTD COM	$987,000	–	5,447	–	0.76%	–

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