Standard Investments LLC Activity Q4 2011-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
	Buy	SHELL PLCspon ads	$312,243,000	+12.4%	4,850,000	+5.4%	18.99%	+33.5%
WAB	Sell	WABTEC	$169,713,190	-6.5%	1,597,000	-3.5%	10.32%	+11.0%
PWR	Sell	QUANTA SVCS INC	$123,466,200	-14.1%	660,000	-9.8%	7.51%	+1.9%
MEOH	Buy	METHANEX CORP	$121,860,250	+9.1%	2,705,000	+0.2%	7.41%	+29.5%
	New	SHELL PLCcall	$115,884,000	–	1,800,000	–	7.05%	–
FLEX	Sell	FLEX LTDord	$87,145,400	-17.4%	3,230,000	-15.3%	5.30%	-1.9%
CCK	Sell	CROWN HLDGS INC	$80,959,200	-28.3%	915,000	-29.6%	4.92%	-14.8%
ASH	Buy	ASHLAND INC	$48,533,194	+364.0%	594,187	+393.7%	2.95%	+450.7%
TALO	Sell	TALOS ENERGY INC	$45,428,800	+5.1%	2,763,309	-11.3%	2.76%	+24.9%
AMZN	New	AMAZON COM INCcall	$38,136,000	–	300,000	–	2.32%	–
CDW	Buy	CDW CORP	$28,047,061	+515.6%	139,012	+459.9%	1.71%	+632.2%
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-550,000	–	-1.19%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-409,339	–	-1.46%	–
	Exit	RIVIAN AUTOMOTIVE INC	$0	–	-2,006,476	–	-1.71%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-765,000	–	-2.80%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-800,000	–	-18.17%	–

Q2 2023

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRcall	$354,624,000	–	800,000	–	18.17%	–
	New	SHELL PLCspon ads	$277,748,000	–	4,600,000	–	14.23%	–
WAB	New	WABTEC	$181,503,850	–	1,655,000	–	9.30%	–
PTC	New	PTC INC	$164,356,500	–	1,155,000	–	8.42%	–
PWR	New	QUANTA SVCS INC	$143,801,400	–	732,000	–	7.37%	–
AMZN	New	AMAZON COM INC	$136,878,000	–	1,050,000	–	7.01%	–
CCK	New	CROWN HLDGS INC	$112,870,538	–	1,299,304	–	5.78%	–
MEOH	New	METHANEX CORP	$111,691,471	–	2,699,818	–	5.72%	–
FLEX	New	FLEX LTDord	$105,446,600	–	3,815,000	–	5.40%	–
ESTC	New	ELASTIC N V	$79,209,616	–	1,235,334	–	4.06%	–
EVCM	New	EVERCOMMERCE INC	$72,401,600	–	6,115,000	–	3.71%	–
DD	New	DUPONT DE NEMOURS INC	$54,651,600	–	765,000	–	2.80%	–
TALO	New	TALOS ENERGY INC	$43,207,172	–	3,115,153	–	2.21%	–
	New	RIVIAN AUTOMOTIVE INC	$33,427,890	–	2,006,476	–	1.71%	–
CF	New	CF INDS HLDGS INC	$28,416,313	–	409,339	–	1.46%	–
TECK	New	TECK RESOURCES LTDcl b	$23,155,000	–	550,000	–	1.19%	–
	New	NEXTRACKER INC	$12,938,250	–	325,000	–	0.66%	–
ASH	New	ASHLAND INC	$10,460,140	–	120,356	–	0.54%	–
CDW	New	CDW CORP	$4,555,755	–	24,827	–	0.23%	–
	New	ARCHER AVIATION INC*w exp 09/16/202	$341,666	–	416,666	–	0.02%	–
AACWS	New	ARES ACQUISITION CORPORATION*w exp 02/02/202	$112,000	–	140,000	–	0.01%	–
	New	TRITIUM DCFC LIMITED*w exp 01/13/202	$95,387	–	233,333	–	0.01%	–
	New	SOLID POWER INC*w exp 12/08/202	$81,360	–	266,666	–	0.00%	–
APGBWS	New	APOLLO STRATEGIC GRWT CPTL I*w exp 02/12/202	$49,040	–	400,000	–	0.00%	–
CCVIWS	New	CHURCHILL CAPITAL CORP VI*w exp 02/17/202	$54,000	–	300,000	–	0.00%	–
CVIIWS	New	CHURCHILL CAPITAL CORP VII*w exp 02/29/202	$42,000	–	300,000	–	0.00%	–
CCVWS	New	CHURCHILL CAPITAL CORP V*w exp 10/29/202	$4,503	–	25,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
CCVWS	Exit	CHURCHILL CAPITAL CORP V*w exp 10/29/202	$0	–	-25,000	–	0.00%	–
FACAWS	Exit	FIGURE ACQUISITION CORP I*w exp 03/31/202	$0	–	-125,000	–	0.00%	–
ACIIWS	Exit	ATLAS CREST INVESTMENT CORP*w exp 02/03/202	$0	–	-250,000	–	0.00%	–
AACWS	Exit	ARES ACQUISITION CORPORATION*w exp 99/99/999	$0	–	-140,000	–	-0.00%	–
TSIBW	Exit	TISHMAN SPEYER INNOVATION CO*w exp 02/11/202	$0	–	-140,000	–	-0.00%	–
CVIIWS	Exit	CHURCHILL CAPITAL CORP VII*w exp 02/29/202	$0	–	-300,000	–	-0.00%	–
CCVIWS	Exit	CHURCHILL CAPITAL CORP VI*w exp 02/17/202	$0	–	-300,000	–	-0.00%	–
APGBWS	Exit	APOLLO STRATEGIC GRWT CPTL I*w exp 02/12/202	$0	–	-400,000	–	-0.00%	–
GLHAW	Exit	GLASS HOUSES ACQUISITION COR*w exp 03/25/202	$0	–	-750,000	–	-0.00%	–
	Exit	ARCHER AVIATION INC*w exp 09/16/202	$0	–	-416,666	–	-0.01%	–
	Exit	TRITIUM DCFC LIMITED*w exp 01/13/202	$0	–	-233,333	–	-0.01%	–
	Exit	SOLID POWER INC*w exp 12/08/202	$0	–	-266,666	–	-0.01%	–
MSFT	Exit	MICROSOFT CORPcall	$0	–	-62,500	–	-0.67%	–
GLHA	Exit	GLASS HOUSES ACQUISITION COR	$0	–	-1,500,000	–	-0.67%	–
	Exit	RIVIAN AUTOMOTIVE INC	$0	–	-1,272,603	–	-1.92%	–
WCC	Exit	WESCO INTL INC	$0	–	-375,000	–	-2.05%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-255,000	–	-2.72%	–
EVCM	Exit	EVERCOMMERCE INC	$0	–	-5,865,000	–	-2.93%	–
MEOH	Exit	METHANEX CORP	$0	–	-2,190,000	–	-3.19%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-2,390,000	–	-3.32%	–
FLEX	Exit	FLEX LTDord	$0	–	-5,010,638	–	-3.82%	–
	Exit	SHELL PLCspon ads	$0	–	-3,150,000	–	-7.17%	–
WAB	Exit	WABTEC	$0	–	-2,100,000	–	-7.81%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-1,460,000	–	-8.51%	–
CCK	Exit	CROWN HLDGS INC	$0	–	-2,900,000	–	-10.75%	–
PTC	Exit	PTC INC	$0	–	-2,421,793	–	-11.59%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-6,675,000	–	-15.39%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,378,000	–	-17.46%	–

Q3 2022

			Value		Shares		↓ Weighting
DD	Buy	DUPONT DE NEMOURS INC	$336,420,000	+2.9%	6,675,000	+13.5%	15.39%	+29.9%
PTC	Sell	PTC INC	$253,320,000	-40.5%	2,421,793	-39.5%	11.59%	-24.9%
CCK	Buy	CROWN HLDGS INC	$234,987,000	-1.0%	2,900,000	+12.6%	10.75%	+25.0%
PWR	Sell	QUANTA SVCS INC	$185,989,000	-28.5%	1,460,000	-29.6%	8.51%	-9.7%
WAB	Sell	WABTEC	$170,835,000	-19.8%	2,100,000	-19.1%	7.81%	+1.2%
	Buy	SHELL PLCspon ads	$156,744,000	+34.7%	3,150,000	+41.6%	7.17%	+70.0%
MSFT	New	MICROSOFT CORP	$59,390,000	–	255,000	–	2.72%	–
WCC	Sell	WESCO INTL INC	$44,768,000	-3.8%	375,000	-13.7%	2.05%	+21.5%
MSFT	New	MICROSOFT CORPcall	$14,556,000	–	62,500	–	0.67%	–
	Exit	GLOBAL BUSINESS TRAVEL GROUP*w exp 99/99/999	$0	–	-416,666	–	-0.02%	–
	Exit	VERTICAL AEROSPACE LTD	$0	–	-463,298	–	-0.05%	–
AMZN	Exit	AMAZON COM INCcall	$0	–	-770,000	–	-2.96%	–
PRMW	Exit	PRIMO WATER CORPORATION	$0	–	-6,495,000	–	-3.15%	–
CLVT	Exit	CLARIVATE PLC	$0	–	-8,168,464	–	-4.10%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-5,113,804	–	-5.80%	–

Q2 2022

			Value		Shares		↓ Weighting
PTC	New	PTC INC	$425,892,000	–	4,005,000	–	15.43%	–
AMZN	New	AMAZON COM INC	$358,777,000	–	3,378,000	–	13.00%	–
DD	New	DUPONT DE NEMOURS INC	$326,810,000	–	5,880,000	–	11.84%	–
PWR	New	QUANTA SVCS INC	$260,081,000	–	2,075,000	–	9.42%	–
CCK	New	CROWN HLDGS INC	$237,338,000	–	2,575,000	–	8.60%	–
WAB	New	WABTEC	$213,073,000	–	2,595,913	–	7.72%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$159,960,000	–	5,113,804	–	5.80%	–
	New	SHELL PLCspon ads	$116,345,000	–	2,225,000	–	4.22%	–
CLVT	New	CLARIVATE PLC	$113,215,000	–	8,168,464	–	4.10%	–
PRMW	New	PRIMO WATER CORPORATION	$86,903,000	–	6,495,000	–	3.15%	–
MEOH	New	METHANEX CORP	$83,724,000	–	2,190,000	–	3.03%	–
AMZN	New	AMAZON COM INCcall	$81,782,000	–	770,000	–	2.96%	–
TECK	New	TECK RESOURCES LTDcl b	$73,062,000	–	2,390,000	–	2.65%	–
FLEX	New	FLEX LTDord	$72,504,000	–	5,010,638	–	2.63%	–
EVCM	New	EVERCOMMERCE INC	$53,020,000	–	5,865,000	–	1.92%	–
WCC	New	WESCO INTL INC	$46,518,000	–	434,342	–	1.69%	–
	New	RIVIAN AUTOMOTIVE INC	$32,757,000	–	1,272,603	–	1.19%	–
GLHA	New	GLASS HOUSES ACQUISITION COR	$14,715,000	–	1,500,000	–	0.53%	–
	New	VERTICAL AEROSPACE LTD	$1,459,000	–	463,298	–	0.05%	–
	New	GLOBAL BUSINESS TRAVEL GROUP*w exp 99/99/999	$437,000	–	416,666	–	0.02%	–
	New	TRITIUM DCFC LIMITED*w exp 01/13/202	$310,000	–	233,333	–	0.01%	–
	New	SOLID POWER INC*w exp 12/08/202	$285,000	–	266,666	–	0.01%	–
	New	ARCHER AVIATION INC*w exp 09/16/202	$237,000	–	416,666	–	0.01%	–
CCVIWS	New	CHURCHILL CAPITAL CORP VI*w exp 02/17/202	$102,000	–	300,000	–	0.00%	–
CVIIWS	New	CHURCHILL CAPITAL CORP VII*w exp 02/29/202	$104,000	–	300,000	–	0.00%	–
APGBWS	New	APOLLO STRATEGIC GRWT CPTL I*w exp 02/12/202	$100,000	–	400,000	–	0.00%	–
GLHAW	New	GLASS HOUSES ACQUISITION COR*w exp 03/25/202	$83,000	–	750,000	–	0.00%	–
ACIIWS	New	ATLAS CREST INVESTMENT CORP*w exp 02/03/202	$35,000	–	250,000	–	0.00%	–
TSIBW	New	TISHMAN SPEYER INNOVATION CO*w exp 02/11/202	$18,000	–	140,000	–	0.00%	–
AACWS	New	ARES ACQUISITION CORPORATION*w exp 99/99/999	$32,000	–	140,000	–	0.00%	–
FACAWS	New	FIGURE ACQUISITION CORP I*w exp 03/31/202	$23,000	–	125,000	–	0.00%	–
CCVWS	New	CHURCHILL CAPITAL CORP V*w exp 10/29/202	$8,000	–	25,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CCVWS	Exit	CHURCHILL CAPITAL CORP V*w exp 10/29/202	$0	–	-25,000	–	-0.00%	–
TSIBW	Exit	TISHMAN SPEYER INNOVATION CO*w exp 02/11/202	$0	–	-140,000	–	-0.00%	–
AACWS	Exit	ARES ACQUISITION CORPORATION*w exp 99/99/999	$0	–	-140,000	–	-0.00%	–
FACAWS	Exit	FIGURE ACQUISITION CORP I*w exp 03/31/202	$0	–	-125,000	–	-0.00%	–
ACIIWS	Exit	ATLAS CREST INVESTMENT CORP*w exp 02/03/202	$0	–	-250,000	–	-0.01%	–
CVIIWS	Exit	CHURCHILL CAPITAL CORP VII*w exp 02/29/202	$0	–	-300,000	–	-0.01%	–
DCRNW	Exit	DECARBONIZATION PLUS ACQU II*w exp 01/19/202	$0	–	-233,333	–	-0.01%	–
APSGWS	Exit	APOLLO STRATEGIC GROWTH CAPT*w exp 10/29/202	$0	–	-416,666	–	-0.01%	–
APGBWS	Exit	APOLLO STRATEGIC GRWT CPTL I*w exp 02/12/202	$0	–	-400,000	–	-0.01%	–
CCVIWS	Exit	CHURCHILL CAPITAL CORP VI*w exp 02/17/202	$0	–	-300,000	–	-0.01%	–
GLHAW	Exit	GLASS HOUSES ACQUISITION COR*w exp 03/25/202	$0	–	-750,000	–	-0.02%	–
DCRCW	Exit	DECARBONIZATION PLUS ACQU II*w exp 03/19/202	$0	–	-266,666	–	-0.02%	–
	Exit	ARCHER AVIATION INC*w exp 09/16/202	$0	–	-416,666	–	-0.02%	–
CCV	Exit	CHURCHILL CAPITAL CORP V	$0	–	-100,000	–	-0.03%	–
PCOR	Exit	PROCORE TECHNOLOGIES INC	$0	–	-20,000	–	-0.06%	–
FACA	Exit	FIGURE ACQUISITION CORP I	$0	–	-500,000	–	-0.15%	–
AAC	Exit	ARES ACQUISITION CORPORATION	$0	–	-700,000	–	-0.21%	–
TSIB	Exit	TISHMAN SPEYER INNOVATION CO	$0	–	-700,000	–	-0.21%	–
DCRN	Exit	DECARBONIZATION PLUS ACQU II	$0	–	-700,000	–	-0.21%	–
DCRC	Exit	DECARBONIZATION PLUS ACQU II	$0	–	-800,000	–	-0.25%	–
ACII	Exit	ATLAS CREST INVESTMENT CORP	$0	–	-1,000,000	–	-0.30%	–
APSG	Exit	APOLLO STRATEGIC GROWTH CAPT	$0	–	-1,250,000	–	-0.38%	–
RTPY	Exit	REINVENT TECHNOLOGY PARTNERS	$0	–	-1,250,000	–	-0.38%	–
CVII	Exit	CHURCHILL CAPITAL CORP VII	$0	–	-1,500,000	–	-0.45%	–
GLHA	Exit	GLASS HOUSES ACQUISITION COR	$0	–	-1,500,000	–	-0.45%	–
CCVI	Exit	CHURCHILL CAPITAL CORP VI	$0	–	-1,500,000	–	-0.45%	–
APGB	Exit	APOLLO STRATEGIC GRWT CPTL I	$0	–	-2,000,000	–	-0.60%	–
ALCC	Exit	ALTC ACQUISITION CORP	$0	–	-2,000,000	–	-0.61%	–
WCC	Exit	WESCO INTL INC	$0	–	-342,177	–	-1.22%	–
EVCM	Exit	EVERCOMMERCE INC	$0	–	-4,179,494	–	-2.12%	–
KBR	Exit	KBR INC	$0	–	-2,015,000	–	-2.45%	–
PRMW	Exit	PRIMO WATER CORPORATION	$0	–	-6,495,000	–	-3.15%	–
MAS	Exit	MASCO CORP	$0	–	-1,850,000	–	-3.17%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-5,113,804	–	-3.46%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-1,543,000	–	-5.41%	–
AMZN	Exit	AMAZON COM INC	$0	–	-55,900	–	-5.66%	–
WAB	Exit	WABTEC	$0	–	-2,132,000	–	-5.66%	–
CLVT	Exit	CLARIVATE PLC	$0	–	-8,470,000	–	-5.72%	–
MSFT	Exit	MICROSOFT CORPcall	$0	–	-725,000	–	-6.30%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-1,996,000	–	-7.55%	–
CCK	Exit	CROWN HLDGS INC	$0	–	-2,500,000	–	-7.76%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-4,875,000	–	-10.22%	–
PTC	Exit	PTC INC	$0	–	-3,192,536	–	-11.79%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,555,000	–	-13.51%	–

Q3 2021

			Value		Shares		↓ Weighting
DD	Sell	DUPONT DE NEMOURS INC	$331,451,000	-25.9%	4,875,000	-15.6%	10.22%	-1.3%
CCK	Buy	CROWN HLDGS INC	$251,950,000	+160.7%	2,500,000	+164.4%	7.76%	+247.0%
AZPN	Buy	ASPEN TECHNOLOGY INC	$245,109,000	-4.4%	1,996,000	+7.0%	7.55%	+27.2%
MSFT	Sell	MICROSOFT CORPcall	$204,392,000	-45.1%	725,000	-47.3%	6.30%	-27.0%
CLVT	Buy	CLARIVATE PLC	$185,493,000	-1.6%	8,470,000	+23.6%	5.72%	+30.9%
AMZN	Buy	AMAZON COM INC	$183,634,000	+18.6%	55,900	+24.2%	5.66%	+57.9%
PWR	New	QUANTA SVCS INC	$175,624,000	–	1,543,000	–	5.41%	–
MAS	Buy	MASCO CORP	$102,768,000	+57.9%	1,850,000	+67.4%	3.17%	+110.2%
EVCM	New	EVERCOMMERCE INC	$68,920,000	–	4,179,494	–	2.12%	–
WCC	New	WESCO INTL INC	$39,460,000	–	342,177	–	1.22%	–
ALCC	New	ALTC ACQUISITION CORP	$19,660,000	–	2,000,000	–	0.61%	–
	New	ARCHER AVIATION INC*w exp 09/16/202	$662,000	–	416,666	–	0.02%	–
RTPYW	Exit	REINVENT TECHNOLOGY PARTNERS*w exp 03/12/202	$0	–	-156,250	–	-0.01%	–
DCRBW	Exit	DECARBONIZATION PLUS ACQU CO*w exp 10/02/202	$0	–	-250,000	–	-0.01%	–
ACICWS	Exit	ATLAS CREST INVT CORP*w exp 01/30/202	$0	–	-416,666	–	-0.02%	–
DCRB	Exit	DECARBONIZATION PLUS ACQU CO	$0	–	-500,000	–	-0.12%	–
ACIC	Exit	ATLAS CREST INVT CORP	$0	–	-1,250,000	–	-0.29%	–
FTCH	Exit	FARFETCH LTDord sh cl a	$0	–	-675,000	–	-0.79%	–
ATUS	Exit	ALTICE USA INCcl a	$0	–	-3,465,000	–	-2.74%	–
AVGO	Exit	BROADCOM INC	$0	–	-385,000	–	-4.25%	–
TLND	Exit	TALEND S Aads	$0	–	-3,192,151	–	-4.85%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-9,865,008	–	-15.79%	–

Q2 2021

			Value		Shares		↓ Weighting
GRA	New	GRACE W R & CO DEL NEW	$681,869,000	–	9,865,008	–	15.79%	–
PTC	New	PTC INC	$450,978,000	–	3,192,536	–	10.44%	–
DD	New	DUPONT DE NEMOURS INC	$447,043,000	–	5,775,000	–	10.35%	–
MSFT	New	MICROSOFT CORP	$421,250,000	–	1,555,000	–	9.76%	–
MSFT	New	MICROSOFT CORPcall	$372,488,000	–	1,375,000	–	8.62%	–
AZPN	New	ASPEN TECHNOLOGY INC	$256,516,000	–	1,865,029	–	5.94%	–
TLND	New	TALEND S Aads	$209,405,000	–	3,192,151	–	4.85%	–
CLVT	New	CLARIVATE PLC	$188,581,000	–	6,850,000	–	4.37%	–
AVGO	New	BROADCOM INC	$183,583,000	–	385,000	–	4.25%	–
WAB	New	WABTEC	$175,464,000	–	2,132,000	–	4.06%	–
AMZN	New	AMAZON COM INC	$154,807,000	–	45,000	–	3.58%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$118,947,000	–	5,113,804	–	2.75%	–
ATUS	New	ALTICE USA INCcl a	$118,295,000	–	3,465,000	–	2.74%	–
PRMW	New	PRIMO WATER CORPORATION	$108,661,000	–	6,495,000	–	2.52%	–
CCK	New	CROWN HLDGS INC	$96,634,000	–	945,447	–	2.24%	–
KBR	New	KBR INC	$76,872,000	–	2,015,000	–	1.78%	–
MAS	New	MASCO CORP	$65,096,000	–	1,105,000	–	1.51%	–
FTCH	New	FARFETCH LTDord sh cl a	$33,993,000	–	675,000	–	0.79%	–
APGB	New	APOLLO STRATEGIC GRWT CPTL I	$19,480,000	–	2,000,000	–	0.45%	–
CCVI	New	CHURCHILL CAPITAL CORP VI	$14,790,000	–	1,500,000	–	0.34%	–
CVII	New	CHURCHILL CAPITAL CORP VII	$14,595,000	–	1,500,000	–	0.34%	–
GLHA	New	GLASS HOUSES ACQUISITION COR	$14,430,000	–	1,500,000	–	0.33%	–
ACIC	New	ATLAS CREST INVT CORP	$12,450,000	–	1,250,000	–	0.29%	–
RTPY	New	REINVENT TECHNOLOGY PARTNERS	$12,350,000	–	1,250,000	–	0.29%	–
APSG	New	APOLLO STRATEGIC GROWTH CAPT	$12,225,000	–	1,250,000	–	0.28%	–
ACII	New	ATLAS CREST INVESTMENT CORP	$9,750,000	–	1,000,000	–	0.23%	–
DCRC	New	DECARBONIZATION PLUS ACQU II	$8,296,000	–	800,000	–	0.19%	–
DCRN	New	DECARBONIZATION PLUS ACQU II	$6,909,000	–	700,000	–	0.16%	–
TSIB	New	TISHMAN SPEYER INNOVATION CO	$6,909,000	–	700,000	–	0.16%	–
AAC	New	ARES ACQUISITION CORPORATION	$6,825,000	–	700,000	–	0.16%	–
DCRB	New	DECARBONIZATION PLUS ACQU CO	$5,155,000	–	500,000	–	0.12%	–
FACA	New	FIGURE ACQUISITION CORP I	$5,000,000	–	500,000	–	0.12%	–
PCOR	New	PROCORE TECHNOLOGIES INC	$1,899,000	–	20,000	–	0.04%	–
CCV	New	CHURCHILL CAPITAL CORP V	$1,007,000	–	100,000	–	0.02%	–
GLHAW	New	GLASS HOUSES ACQUISITION COR*w exp 03/25/202	$750,000	–	750,000	–	0.02%	–
DCRCW	New	DECARBONIZATION PLUS ACQU II*w exp 03/19/202	$677,000	–	266,666	–	0.02%	–
ACICWS	New	ATLAS CREST INVT CORP*w exp 01/30/202	$642,000	–	416,666	–	0.02%	–
DCRBW	New	DECARBONIZATION PLUS ACQU CO*w exp 10/02/202	$573,000	–	250,000	–	0.01%	–
APSGWS	New	APOLLO STRATEGIC GROWTH CAPT*w exp 10/29/202	$496,000	–	416,666	–	0.01%	–
APGBWS	New	APOLLO STRATEGIC GRWT CPTL I*w exp 02/12/202	$492,000	–	400,000	–	0.01%	–
CCVIWS	New	CHURCHILL CAPITAL CORP VI*w exp 02/17/202	$420,000	–	300,000	–	0.01%	–
CVIIWS	New	CHURCHILL CAPITAL CORP VII*w exp 02/29/202	$417,000	–	300,000	–	0.01%	–
DCRNW	New	DECARBONIZATION PLUS ACQU II*w exp 01/19/202	$341,000	–	233,333	–	0.01%	–
RTPYW	New	REINVENT TECHNOLOGY PARTNERS*w exp 03/12/202	$281,000	–	156,250	–	0.01%	–
ACIIWS	New	ATLAS CREST INVESTMENT CORP*w exp 02/03/202	$288,000	–	250,000	–	0.01%	–
FACAWS	New	FIGURE ACQUISITION CORP I*w exp 03/31/202	$173,000	–	125,000	–	0.00%	–
AACWS	New	ARES ACQUISITION CORPORATION*w exp 99/99/999	$175,000	–	140,000	–	0.00%	–
TSIBW	New	TISHMAN SPEYER INNOVATION CO*w exp 02/11/202	$181,000	–	140,000	–	0.00%	–
CCVWS	New	CHURCHILL CAPITAL CORP V*w exp 10/29/202	$52,000	–	25,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
CLIIU	Exit	CLIMATE CHANGE CRISIS REAL Iunit 99/99/9999	$0	–	-400,000	–	-0.16%	–
SNOW	Exit	SNOWFLAKE INCcl a	$0	–	-40,000	–	-0.40%	–
SPB	Exit	SPECTRUM BRANDS HLDGS INC NE	$0	–	-422,470	–	-0.97%	–
NYT	Exit	NEW YORK TIMES COcl a	$0	–	-925,965	–	-1.59%	–
ATH	Exit	ATHENE HOLDING LTDcl a	$0	–	-1,755,315	–	-2.40%	–
TLND	Exit	TALEND S Aads	$0	–	-2,325,000	–	-3.65%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-5,113,804	–	-4.31%	–
CLVT	Exit	CLARIVATE PLC	$0	–	-3,800,000	–	-4.73%	–
AVGO	Exit	BROADCOM INC	$0	–	-385,000	–	-5.64%	–
PTC	Exit	PTC INC	$0	–	-4,500,000	–	-14.96%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-9,865,008	–	-15.98%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-20,265,474	–	-45.20%	–

Q3 2020

			Value		Shares		↓ Weighting
ATH	New	ATHENE HOLDING LTDcl a	$59,821,000	–	1,755,315	–	2.40%	–
SPB	New	SPECTRUM BRANDS HLDGS INC NE	$24,148,000	–	422,470	–	0.97%	–
SNOW	New	SNOWFLAKE INCcl a	$10,040,000	–	40,000	–	0.40%	–
CLIIU	New	CLIMATE CHANGE CRISIS REAL Iunit 99/99/9999	$4,020,000	–	400,000	–	0.16%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-2,975,000	–	-28.09%	–

Q2 2020

			Value		Shares		↓ Weighting
DD	New	DUPONT DE NEMOURS INC	$1,076,705,000	–	20,265,474	–	32.96%	–
SPY	New	SPDR S&P 500 ETF TRput	$917,371,000	–	2,975,000	–	28.09%	–
GRA	New	GRACE W R & CO DEL NEW	$501,241,000	–	9,865,008	–	15.35%	–
PTC	New	PTC INC	$350,055,000	–	4,500,000	–	10.72%	–
AVGO	New	BROADCOM INC	$121,510,000	–	385,000	–	3.72%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$95,014,000	–	5,113,804	–	2.91%	–
CLVT	New	CLARIVATE PLC	$84,854,000	–	3,800,000	–	2.60%	–
TLND	New	TALEND S Aads	$80,585,000	–	2,325,000	–	2.47%	–
NYT	New	NEW YORK TIMES COcl a	$38,918,000	–	925,965	–	1.19%	–

Q4 2019

			Value		Shares		↓ Weighting
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-1,266,383	–	-6.39%	–
AVGO	Exit	BROADCOM INC	$0	–	-328,000	–	-8.09%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-5,113,804	–	-8.80%	–
PTC	Exit	PTC INC	$0	–	-2,936,000	–	-17.88%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-9,865,008	–	-58.84%	–

Q3 2019

			Value		Shares		↓ Weighting
GRA	Buy	GRACE W R & CO DEL NEW	$658,588,000	-7.4%	9,865,008	+5.6%	58.84%	-16.3%
PTC	Buy	PTC INC	$200,176,000	+122.5%	2,936,000	+192.9%	17.88%	+101.0%
CMP	New	COMPASS MINERALS INTL INC	$71,538,000	–	1,266,383	–	6.39%	–

Q2 2019

			Value		Shares		↓ Weighting
GRA	New	GRACE W R & CO DEL NEW	$711,211,000	–	9,344,510	–	70.32%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$115,777,000	–	5,113,804	–	11.45%	–
AVGO	New	BROADCOM INC	$94,418,000	–	328,000	–	9.34%	–
PTC	New	PTC INC	$89,975,000	–	1,002,400	–	8.90%	–

Q4 2018

			Value		Shares		↓ Weighting
FB	Exit	FACEBOOK INCcl a	$0	–	-201,000	–	-3.81%	–
PTC	Exit	PTC INC	$0	–	-590,000	–	-7.22%	–
ZAYO	Exit	ZAYO GROUP HLDGS INC	$0	–	-2,273,149	–	-9.10%	–
AVGO	Exit	BROADCOM INC	$0	–	-328,000	–	-9.33%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-5,113,804	–	-15.65%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-6,662,275	–	-54.89%	–

Q3 2018

			Value		Shares		↓ Weighting
AVGO	Buy	BROADCOM INC	$80,927,000	+20.8%	328,000	+18.8%	9.33%	+35.5%
PTC	Sell	PTC INC	$62,652,000	-43.3%	590,000	-49.9%	7.22%	-36.5%
V	Exit	VISA INC	$0	–	-275,000	–	-3.75%	–

Q2 2018

			Value		Shares		↓ Weighting
GRA	New	GRACE W R & CO DEL NEW	$488,411,000	–	6,662,275	–	50.23%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$148,045,000	–	5,113,804	–	15.22%	–
PTC	New	PTC INC	$110,564,000	–	1,178,596	–	11.37%	–
ZAYO	New	ZAYO GROUP HLDGS INC	$82,924,000	–	2,273,149	–	8.53%	–
AVGO	New	BROADCOM INC	$66,969,000	–	276,000	–	6.89%	–
FB	New	FACEBOOK INCcl a	$39,058,000	–	201,000	–	4.02%	–
V	New	VISA INC	$36,424,000	–	275,000	–	3.75%	–

Q4 2017

			Value		Shares		↓ Weighting
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-713,550	–	-2.16%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC	$0	–	-399,496	–	-3.16%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-325,573	–	-4.49%	–
V	Exit	VISA INC	$0	–	-275,000	–	-6.10%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-591,207	–	-8.99%	–
ZAYO	Exit	ZAYO GROUP HLDGS INC	$0	–	-1,669,049	–	-12.11%	–
PTC	Exit	PTC INC	$0	–	-1,178,596	–	-13.98%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-78,782	–	-15.93%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-5,113,803	–	-33.09%	–

Q3 2017

			Value		Shares		↓ Weighting
PTC	Buy	PTC INC	$66,331,000	+40.7%	1,178,596	+37.8%	13.98%	+107.0%
ZAYO	Buy	ZAYO GROUP HLDGS INC	$57,449,000	+56.7%	1,669,049	+40.7%	12.11%	+130.5%
ASH	Sell	ASHLAND GLOBAL HLDGS INC	$21,289,000	-28.4%	325,573	-27.9%	4.49%	+5.2%
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-41,893	–	-2.11%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-351,000	–	-6.14%	–
AGN	Exit	ALLERGAN PLC	$0	–	-194,589	–	-6.78%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-4,536,451	–	-21.78%	–

Q2 2017

			Value		Shares		↓ Weighting
GCP	New	GCP APPLIED TECHNOLOGIES INC	$155,971,000	–	5,113,803	–	22.36%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$151,926,000	–	4,536,451	–	21.78%	–
GOOG	New	ALPHABET INCcap stk cl c	$71,592,000	–	78,782	–	10.26%	–
AGN	New	ALLERGAN PLC	$47,303,000	–	194,589	–	6.78%	–
PTC	New	PTC INC	$47,128,000	–	855,000	–	6.76%	–
UTX	New	UNITED TECHNOLOGIES CORP	$42,861,000	–	351,000	–	6.14%	–
GRA	New	GRACE W R & CO DEL NEW	$42,573,000	–	591,207	–	6.10%	–
ZAYO	New	ZAYO GROUP HLDGS INC	$36,654,000	–	1,186,227	–	5.25%	–
ASH	New	ASHLAND GLOBAL HLDGS INC	$29,753,000	–	451,417	–	4.26%	–
V	New	VISA INC	$25,790,000	–	275,000	–	3.70%	–
PCRX	New	PACIRA PHARMACEUTICALS INC	$19,056,000	–	399,496	–	2.73%	–
SHW	New	SHERWIN WILLIAMS CO	$14,703,000	–	41,893	–	2.11%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$12,344,000	–	713,550	–	1.77%	–

Q4 2016

			Value		Shares		↓ Weighting
AGN	Exit	ALLERGAN PLCcall	$0	–	-63,500	–	-2.67%	–
MCK	Exit	MCKESSON CORPcall	$0	–	-100,000	–	-3.04%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-200,000	–	-3.71%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-1,063,057	–	-4.76%	–
SABR	Exit	SABRE CORP	$0	–	-930,000	–	-4.78%	–
PTC	Exit	PTC INC	$0	–	-593,029	–	-4.79%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC	$0	–	-775,388	–	-4.84%	–
AGN	Exit	ALLERGAN PLC	$0	–	-131,089	–	-5.51%	–
CXP	Exit	COLUMBIA PPTY TR INC	$0	–	-1,467,806	–	-6.00%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-283,720	–	-6.00%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-2,531,097	–	-13.08%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-8,763,135	–	-40.82%	–

Q3 2016

			Value		Shares		↓ Weighting
CDNS	Sell	CADENCE DESIGN SYSTEM INC	$223,723,000	-19.4%	8,763,135	-23.3%	40.82%	+8.2%
ASH	New	ASHLAND GLOBAL HLDGS INC	$32,897,000	–	283,720	–	6.00%	–
CXP	Sell	COLUMBIA PPTY TR INC	$32,864,000	-16.5%	1,467,806	-20.2%	6.00%	+12.1%
SABR	Buy	SABRE CORP	$26,207,000	+21.3%	930,000	+15.3%	4.78%	+62.8%
UTX	Buy	UNITED TECHNOLOGIES CORP	$20,320,000	+48.4%	200,000	+49.8%	3.71%	+99.2%
AWI	Exit	ARMSTRONG WORLD INDS INC NEW	$0	–	-166,254	–	-0.88%	–
RUBI	Exit	RUBICON PROJ INC	$0	–	-3,211,546	–	-5.96%	–
MFRM	Exit	MATTRESS FIRM HLDG CORP	$0	–	-3,985,673	–	-18.17%	–

Q2 2016

			Value		Shares		↓ Weighting
CDNS	New	CADENCE DESIGN SYSTEM INC	$277,693,000	–	11,427,693	–	37.74%	–
MFRM	New	MATTRESS FIRM HLDG CORP	$133,719,000	–	3,985,673	–	18.17%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$65,910,000	–	2,531,097	–	8.96%	–
RUBI	New	RUBICON PROJ INC	$43,838,000	–	3,211,546	–	5.96%	–
CXP	New	COLUMBIA PPTY TR INC	$39,369,000	–	1,839,682	–	5.35%	–
AGN	New	ALLERGAN PLC	$30,293,000	–	131,089	–	4.12%	–
PCRX	New	PACIRA PHARMACEUTICALS INC	$26,154,000	–	775,388	–	3.55%	–
PTC	New	PTC INC	$22,286,000	–	593,029	–	3.03%	–
SABR	New	SABRE CORP	$21,607,000	–	806,515	–	2.94%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$21,410,000	–	1,063,057	–	2.91%	–
MCK	New	MCKESSON CORPcall	$18,665,000	–	100,000	–	2.54%	–
AGN	New	ALLERGAN PLCcall	$14,674,000	–	63,500	–	1.99%	–
UTX	New	UNITED TECHNOLOGIES CORP	$13,690,000	–	133,500	–	1.86%	–
AWI	New	ARMSTRONG WORLD INDS INC NEW	$6,509,000	–	166,254	–	0.88%	–

Q4 2015

			Value		Shares		↓ Weighting
NPO	Exit	ENPRO INDS INC	$0	–	-8,254	–	-0.02%	–
EQR	Exit	EQUITY RESIDENTIALsh ben int	$0	–	-8,511	–	-0.04%	–
KMX	Exit	CARMAX INC	$0	–	-22,217	–	-0.09%	–
UE	Exit	URBAN EDGE PPTYS	$0	–	-65,671	–	-0.10%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-52,934	–	-0.10%	–
CNX	Exit	CONSOL ENERGY INCcall	$0	–	-184,000	–	-0.13%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-31,820	–	-0.15%	–
PGRE	Exit	PARAMOUNT GROUP INC	$0	–	-146,737	–	-0.17%	–
MYL	Exit	MYLAN N Vcall	$0	–	-62,500	–	-0.18%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-16,129	–	-0.18%	–
RH	Exit	RESTORATION HARDWARE HLDGS I	$0	–	-34,629	–	-0.23%	–
SHO	Exit	SUNSTONE HOTEL INVS INC NEW	$0	–	-244,380	–	-0.23%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-31,064	–	-0.28%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-80,181	–	-0.33%	–
AVB	Exit	AVALONBAY CMNTYS INC	$0	–	-28,576	–	-0.35%	–
EXR	Exit	EXTRA SPACE STORAGE INC	$0	–	-69,328	–	-0.38%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-400,319	–	-0.42%	–
ELS	Exit	EQUITY LIFESTYLE PPTYS INC	$0	–	-108,321	–	-0.45%	–
DEI	Exit	DOUGLAS EMMETT INC	$0	–	-234,223	–	-0.48%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-37,306	–	-0.48%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-60,519	–	-0.49%	–
SKT	Exit	TANGER FACTORY OUTLET CTRS I	$0	–	-278,229	–	-0.65%	–
PRGO	Exit	PERRIGO CO PLCcall	$0	–	-62,500	–	-0.70%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-53,445	–	-0.80%	–
DCT	Exit	DCT INDUSTRIAL TRUST INC	$0	–	-336,680	–	-0.80%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-50,948	–	-0.80%	–
FRT	Exit	FEDERAL REALTY INVT TRsh ben int new	$0	–	-83,465	–	-0.80%	–
PTC	Exit	PTC INC	$0	–	-373,000	–	-0.84%	–
GRA	Exit	GRACE W R & CO DEL NEWcall	$0	–	-135,000	–	-0.89%	–
FCEA	Exit	FOREST CITY ENTERPRISES INCcl a	$0	–	-672,377	–	-0.96%	–
COO	Exit	COOPER COS INC	$0	–	-104,000	–	-1.09%	–
RUBI	Exit	RUBICON PROJ INC	$0	–	-1,124,903	–	-1.16%	–
AWI	Exit	ARMSTRONG WORLD INDS INC NEW	$0	–	-370,000	–	-1.25%	–
MCK	Exit	MCKESSON CORPcall	$0	–	-100,000	–	-1.31%	–
SABR	Exit	SABRE CORP	$0	–	-742,765	–	-1.43%	–
PFE	Exit	PFIZER INC	$0	–	-688,495	–	-1.53%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-161,600	–	-1.56%	–
AN	Exit	AUTONATION INC	$0	–	-404,997	–	-1.66%	–
SWAY	Exit	STARWOOD WAYPOINT RESIDENTL	$0	–	-1,037,727	–	-1.75%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC	$0	–	-710,000	–	-2.06%	–
MCK	Exit	MCKESSON CORP	$0	–	-158,800	–	-2.08%	–
AGN	Exit	ALLERGAN PLC	$0	–	-108,338	–	-2.08%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-2,423,500	–	-2.56%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-208,000	–	-2.62%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG NV	$0	–	-1,131,579	–	-3.55%	–
AGN	Exit	ALLERGAN PLCcall	$0	–	-326,500	–	-6.27%	–
MFRM	Exit	MATTRESS FIRM HLDG CORP	$0	–	-2,421,345	–	-7.14%	–
CXP	Exit	COLUMBIA PPTY TR INC	$0	–	-8,759,396	–	-14.36%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-10,735,443	–	-15.69%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-2,483,596	–	-16.33%	–

Q3 2015

			Value		Shares		↓ Weighting
GRA	Buy	GRACE W R & CO DEL NEW	$231,099,000	-3.3%	2,483,596	+4.2%	16.33%	+20.7%
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$222,009,000	+9.6%	10,735,443	+4.2%	15.69%	+36.8%
CXP	Buy	COLUMBIA PPTY TR INC	$203,218,000	-0.8%	8,759,396	+4.9%	14.36%	+23.8%
MFRM	Sell	MATTRESS FIRM HLDG CORP	$101,115,000	-35.9%	2,421,345	-6.4%	7.14%	-20.0%
AGN	Sell	ALLERGAN PLCcall	$88,746,000	-51.0%	326,500	-45.2%	6.27%	-38.8%
ST	Buy	SENSATA TECHNOLOGIES HLDG NV	$50,174,000	+45.9%	1,131,579	+73.6%	3.55%	+82.1%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$37,103,000	+14.9%	208,000	+43.1%	2.62%	+43.5%
MU	Sell	MICRON TECHNOLOGY INCcall	$36,304,000	-48.1%	2,423,500	-34.7%	2.56%	-35.2%
AGN	Sell	ALLERGAN PLC	$29,447,000	-47.5%	108,338	-41.4%	2.08%	-34.5%
MCK	Buy	MCKESSON CORP	$29,383,000	-12.2%	158,800	+6.7%	2.08%	+9.6%
PCRX	Buy	PACIRA PHARMACEUTICALS INC	$29,181,000	-4.2%	710,000	+64.9%	2.06%	+19.6%
SWAY	Buy	STARWOOD WAYPOINT RESIDENTL	$24,729,000	+22.2%	1,037,727	+21.8%	1.75%	+52.4%
AN	Buy	AUTONATION INC	$23,563,000	+63.0%	404,997	+76.4%	1.66%	+103.3%
SIG	New	SIGNET JEWELERS LIMITED	$21,999,000	–	161,600	–	1.56%	–
PFE	Buy	PFIZER INC	$21,626,000	+231.9%	688,495	+254.4%	1.53%	+314.1%
SABR	Buy	SABRE CORP	$20,188,000	+26.7%	742,765	+11.0%	1.43%	+58.2%
MCK	New	MCKESSON CORPcall	$18,503,000	–	100,000	–	1.31%	–
AWI	New	ARMSTRONG WORLD INDS INC NEW	$17,664,000	–	370,000	–	1.25%	–
RUBI	Buy	RUBICON PROJ INC	$16,345,000	+161.1%	1,124,903	+168.8%	1.16%	+226.3%
COO	Buy	COOPER COS INC	$15,481,000	+429.8%	104,000	+533.4%	1.09%	+563.0%
FCEA	Buy	FOREST CITY ENTERPRISES INCcl a	$13,535,000	+69.5%	672,377	+86.0%	0.96%	+111.5%
PTC	New	PTC INC	$11,839,000	–	373,000	–	0.84%	–
FRT	New	FEDERAL REALTY INVT TRsh ben int new	$11,389,000	–	83,465	–	0.80%	–
ESS	Buy	ESSEX PPTY TR INC	$11,383,000	+267.2%	50,948	+249.3%	0.80%	+359.4%
DCT	Sell	DCT INDUSTRIAL TRUST INC	$11,333,000	-27.9%	336,680	-32.6%	0.80%	-10.0%
PSA	New	PUBLIC STORAGE	$11,311,000	–	53,445	–	0.80%	–
PRGO	New	PERRIGO CO PLCcall	$9,829,000	–	62,500	–	0.70%	–
SKT	New	TANGER FACTORY OUTLET CTRS I	$9,173,000	–	278,229	–	0.65%	–
HHC	New	HOWARD HUGHES CORP	$6,944,000	–	60,519	–	0.49%	–
SPG	New	SIMON PPTY GROUP INC NEW	$6,854,000	–	37,306	–	0.48%	–
DEI	New	DOUGLAS EMMETT INC	$6,727,000	–	234,223	–	0.48%	–
ELS	New	EQUITY LIFESTYLE PPTYS INC	$6,344,000	–	108,321	–	0.45%	–
MU	Buy	MICRON TECHNOLOGY INC	$5,997,000	-18.4%	400,319	+2.6%	0.42%	+1.9%
EXR	New	EXTRA SPACE STORAGE INC	$5,349,000	–	69,328	–	0.38%	–
AVB	New	AVALONBAY CMNTYS INC	$4,996,000	–	28,576	–	0.35%	–
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$4,728,000	-20.4%	80,181	+11.0%	0.33%	-0.6%
SHO	Sell	SUNSTONE HOTEL INVS INC NEW	$3,233,000	-42.5%	244,380	-34.8%	0.23%	-28.3%
RH	Buy	RESTORATION HARDWARE HLDGS I	$3,231,000	+2.9%	34,629	+7.7%	0.23%	+28.1%
PRGO	Sell	PERRIGO CO PLC	$2,537,000	-22.7%	16,129	-9.2%	0.18%	-3.8%
PGRE	Sell	PARAMOUNT GROUP INC	$2,465,000	-43.9%	146,737	-42.7%	0.17%	-30.1%
DLTR	New	DOLLAR TREE INC	$2,121,000	–	31,820	–	0.15%	–
BXMT	New	BLACKSTONE MTG TR INC	$1,453,000	–	52,934	–	0.10%	–
UE	Sell	URBAN EDGE PPTYS	$1,418,000	-79.5%	65,671	-80.3%	0.10%	-74.5%
EQR	New	EQUITY RESIDENTIALsh ben int	$639,000	–	8,511	–	0.04%	–
NPO	Buy	ENPRO INDS INC	$323,000	-5.8%	8,254	+37.7%	0.02%	+21.1%
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-5,688	–	-0.01%	–
APA	Exit	APACHE CORP	$0	–	-3,911	–	-0.01%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOG	$0	–	-13,507	–	-0.01%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-1,495	–	-0.01%	–
YHOO	Exit	YAHOO INC	$0	–	-6,077	–	-0.01%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,931	–	-0.02%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-4,134	–	-0.02%	–
TERP	Exit	TERRAFORM PWR INC	$0	–	-7,568	–	-0.02%	–
HRB	Exit	BLOCK H & R INC	$0	–	-9,825	–	-0.02%	–
RES	Exit	RPC INC	$0	–	-19,973	–	-0.02%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-19,011	–	-0.02%	–
KEX	Exit	KIRBY CORP	$0	–	-3,643	–	-0.02%	–
TIME	Exit	TIME INC NEW	$0	–	-13,048	–	-0.02%	–
CST	Exit	CST BRANDS INC	$0	–	-7,642	–	-0.02%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-1,701	–	-0.02%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-5,234	–	-0.02%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,982	–	-0.02%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-6,270	–	-0.02%	–
MWE	Exit	MARKWEST ENERGY PARTNERS L Punit ltd partn	$0	–	-6,027	–	-0.02%	–
EMC	Exit	E M C CORP MASS	$0	–	-12,950	–	-0.02%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-8,519	–	-0.02%	–
CIT	Exit	CIT GROUP INC	$0	–	-7,443	–	-0.02%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-6,808	–	-0.02%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-13,002	–	-0.02%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-3,986	–	-0.02%	–
EQM	Exit	EQT MIDSTREAM PARTNERS LPunit ltd partn	$0	–	-4,766	–	-0.02%	–
DYN	Exit	DYNEGY INC NEW DEL	$0	–	-13,019	–	-0.02%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-5,110	–	-0.02%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-21,273	–	-0.02%	–
4305PS	Exit	ALCATEL-LUCENTsponsored adr	$0	–	-122,827	–	-0.02%	–
HIFR	Exit	INFRAREIT INC	$0	–	-15,473	–	-0.02%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-9,467	–	-0.03%	–
EQT	Exit	EQT CORP	$0	–	-5,700	–	-0.03%	–
MTB	Exit	M & T BK CORP	$0	–	-3,968	–	-0.03%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-9,705	–	-0.03%	–
HAL	Exit	HALLIBURTON CO	$0	–	-13,451	–	-0.03%	–
BKS	Exit	BARNES & NOBLE INC	$0	–	-23,112	–	-0.03%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-12,326	–	-0.04%	–
SBY	Exit	SILVER BAY RLTY TR CORP	$0	–	-50,280	–	-0.05%	–
BAC	Exit	BANK AMER CORPcall	$0	–	-48,860	–	-0.05%	–
ABBV	Exit	ABBVIE INC	$0	–	-13,484	–	-0.05%	–
CTRL	Exit	CONTROL4 CORP	$0	–	-102,248	–	-0.05%	–
OEC	Exit	ORION ENGINEERED CARBONS S A	$0	–	-54,439	–	-0.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,340	–	-0.06%	–
ABBV	Exit	ABBVIE INCcall	$0	–	-15,500	–	-0.06%	–
DEA	Exit	EASTERLY GOVT PPTYS INC	$0	–	-66,217	–	-0.06%	–
BCRX	Exit	BIOCRYST PHARMACEUTICALS	$0	–	-73,500	–	-0.06%	–
GRPN	Exit	GROUPON INC	$0	–	-227,894	–	-0.06%	–
KOPN	Exit	KOPIN CORP	$0	–	-339,944	–	-0.07%	–
PRTY	Exit	PARTY CITY HOLDCO INC	$0	–	-58,965	–	-0.07%	–
GPI	Exit	GROUP 1 AUTOMOTIVE INC	$0	–	-14,010	–	-0.07%	–
OREX	Exit	OREXIGEN THERAPEUTICS INC	$0	–	-271,189	–	-0.08%	–
BURL	Exit	BURLINGTON STORES INC	$0	–	-28,581	–	-0.08%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-17,819	–	-0.09%	–
MNST	Exit	MONSTER BEVERAGE CORP NEW	$0	–	-11,544	–	-0.09%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC	$0	–	-17,474	–	-0.09%	–
FIS	Exit	FIDELITY NATL INFORMATION SVcall	$0	–	-27,000	–	-0.09%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-22,537	–	-0.10%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-2,932	–	-0.10%	–
CLNY	Exit	COLONY CAP INCcl a	$0	–	-80,852	–	-0.10%	–
RPM	Exit	RPM INTL INC	$0	–	-37,636	–	-0.10%	–
CAB	Exit	CABELAS INC	$0	–	-39,047	–	-0.11%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-35,552	–	-0.11%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-25,128	–	-0.12%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-4,607	–	-0.14%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-31,639	–	-0.14%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-13,215	–	-0.14%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-16,030	–	-0.14%	–
M	Exit	MACYS INC	$0	–	-39,125	–	-0.15%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-20,008	–	-0.16%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-41,920	–	-0.16%	–
DOOR	Exit	MASONITE INTL CORP NEW	$0	–	-42,062	–	-0.17%	–
MCD	Exit	MCDONALDS CORPcall	$0	–	-31,000	–	-0.17%	–
MIK	Exit	MICHAELS COS INC	$0	–	-111,157	–	-0.17%	–
VFC	Exit	V F CORP	$0	–	-46,133	–	-0.18%	–
PFE	Exit	PFIZER INCcall	$0	–	-104,200	–	-0.20%	–
BEE	Exit	STRATEGIC HOTELS & RESORTS I	$0	–	-361,904	–	-0.25%	–
BIIB	Exit	BIOGEN INC	$0	–	-12,497	–	-0.29%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-210,853	–	-0.29%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-63,701	–	-0.29%	–
FLTX	Exit	FLEETMATICS GROUP PLC	$0	–	-114,402	–	-0.30%	–
AET	Exit	AETNA INC NEW	$0	–	-42,965	–	-0.31%	–
A104PS	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-207,019	–	-0.32%	–
ANTM	Exit	ANTHEM INCput	$0	–	-35,000	–	-0.32%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-23,972	–	-0.33%	–
NYRT	Exit	NEW YORK REIT INC	$0	–	-584,223	–	-0.33%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-283,908	–	-0.35%	–
LLY	Exit	LILLY ELI & COput	$0	–	-81,500	–	-0.38%	–
FR	Exit	FIRST INDUSTRIAL REALTY TRUS	$0	–	-366,444	–	-0.39%	–
CSOD	Exit	CORNERSTONE ONDEMAND INC	$0	–	-198,548	–	-0.39%	–
EQC	Exit	EQUITY COMWLTH	$0	–	-271,455	–	-0.39%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-118,364	–	-0.40%	–
HR	Exit	HEALTHCARE RLTY TR	$0	–	-303,440	–	-0.40%	–
PEI	Exit	PENNSYLVANIA RL ESTATE INVTsh ben int	$0	–	-349,983	–	-0.42%	–
HST	Exit	HOST HOTELS & RESORTS INC	$0	–	-377,425	–	-0.42%	–
MORE	Exit	MONOGRAM RESIDENTIAL TR INC	$0	–	-832,103	–	-0.42%	–
XBI	Exit	SPDR SERIES TRUSTput	$0	–	-30,000	–	-0.43%	–
TNET	Exit	TRINET GROUP INC	$0	–	-320,697	–	-0.46%	–
IWM	Exit	ISHARES TRput	$0	–	-80,000	–	-0.56%	–
AIV	Exit	APARTMENT INVT & MGMT COcl a	$0	–	-401,660	–	-0.84%	–
BERY	Exit	BERRY PLASTICS GROUP INC	$0	–	-546,051	–	-1.00%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-615,000	–	-2.06%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-694,383	–	-3.75%	–

Q2 2015

			Value		Shares		↓ Weighting
GRA	New	GRACE W R & CO DEL NEW	$239,075,000	–	2,383,596	–	13.53%	–
CXP	New	COLUMBIA PPTY TR INC	$204,924,000	–	8,347,220	–	11.60%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$202,591,000	–	10,304,751	–	11.47%	–
AGN	New	ALLERGAN PLCcall	$180,953,000	–	596,300	–	10.24%	–
MFRM	New	MATTRESS FIRM HLDG CORP	$157,699,000	–	2,587,356	–	8.93%	–
MU	New	MICRON TECHNOLOGY INCcall	$69,915,000	–	3,711,000	–	3.96%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$66,202,000	–	694,383	–	3.75%	–
AGN	New	ALLERGAN PLC	$56,119,000	–	184,930	–	3.18%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$36,347,000	–	615,000	–	2.06%	–
ST	New	SENSATA TECHNOLOGIES HLDG NV	$34,385,000	–	651,976	–	1.95%	–
MCK	New	MCKESSON CORP	$33,450,000	–	148,793	–	1.89%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$32,280,000	–	145,306	–	1.83%	–
PCRX	New	PACIRA PHARMACEUTICALS INC	$30,447,000	–	430,535	–	1.72%	–
SWAY	New	STARWOOD WAYPOINT RESIDENTL	$20,239,000	–	851,816	–	1.15%	–
BERY	New	BERRY PLASTICS GROUP INC	$17,692,000	–	546,051	–	1.00%	–
SABR	New	SABRE CORP	$15,929,000	–	669,282	–	0.90%	–
DCT	New	DCT INDUSTRIAL TRUST INC	$15,714,000	–	499,823	–	0.89%	–
AIV	New	APARTMENT INVT & MGMT COcl a	$14,833,000	–	401,660	–	0.84%	–
AN	New	AUTONATION INC	$14,459,000	–	229,586	–	0.82%	–
GRA	New	GRACE W R & CO DEL NEWcall	$13,541,000	–	135,000	–	0.77%	–
IWM	New	ISHARES TRput	$9,989,000	–	80,000	–	0.56%	–
TNET	New	TRINET GROUP INC	$8,130,000	–	320,697	–	0.46%	–
FCEA	New	FOREST CITY ENTERPRISES INCcl a	$7,987,000	–	361,413	–	0.45%	–
XBI	New	SPDR SERIES TRUSTput	$7,567,000	–	30,000	–	0.43%	–
MORE	New	MONOGRAM RESIDENTIAL TR INC	$7,506,000	–	832,103	–	0.42%	–
HST	New	HOST HOTELS & RESORTS INC	$7,484,000	–	377,425	–	0.42%	–
PEI	New	PENNSYLVANIA RL ESTATE INVTsh ben int	$7,469,000	–	349,983	–	0.42%	–
MU	New	MICRON TECHNOLOGY INC	$7,347,000	–	389,988	–	0.42%	–
HR	New	HEALTHCARE RLTY TR	$7,058,000	–	303,440	–	0.40%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$6,995,000	–	118,364	–	0.40%	–
EQC	New	EQUITY COMWLTH	$6,968,000	–	271,455	–	0.39%	–
UE	New	URBAN EDGE PPTYS	$6,930,000	–	333,324	–	0.39%	–
CSOD	New	CORNERSTONE ONDEMAND INC	$6,909,000	–	198,548	–	0.39%	–
FR	New	FIRST INDUSTRIAL REALTY TRUS	$6,863,000	–	366,444	–	0.39%	–
LLY	New	LILLY ELI & COput	$6,804,000	–	81,500	–	0.38%	–
PFE	New	PFIZER INC	$6,515,000	–	194,295	–	0.37%	–
RUBI	New	RUBICON PROJ INC	$6,260,000	–	418,425	–	0.35%	–
CNX	New	CONSOL ENERGY INC	$6,172,000	–	283,908	–	0.35%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$5,941,000	–	72,217	–	0.34%	–
NYRT	New	NEW YORK REIT INC	$5,813,000	–	584,223	–	0.33%	–
SHPG	New	SHIRE PLCsponsored adr	$5,789,000	–	23,972	–	0.33%	–
ANTM	New	ANTHEM INCput	$5,745,000	–	35,000	–	0.32%	–
A104PS	New	HILTON WORLDWIDE HLDGS INC	$5,703,000	–	207,019	–	0.32%	–
SHO	New	SUNSTONE HOTEL INVS INC NEW	$5,625,000	–	374,751	–	0.32%	–
AET	New	AETNA INC NEW	$5,476,000	–	42,965	–	0.31%	–
FLTX	New	FLEETMATICS GROUP PLC	$5,357,000	–	114,402	–	0.30%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$5,115,000	–	63,701	–	0.29%	–
BIIB	New	BIOGEN INC	$5,048,000	–	12,497	–	0.29%	–
HTA	New	HEALTHCARE TR AMER INCcl a new	$5,050,000	–	210,853	–	0.29%	–
PGRE	New	PARAMOUNT GROUP INC	$4,396,000	–	256,178	–	0.25%	–
BEE	New	STRATEGIC HOTELS & RESORTS I	$4,386,000	–	361,904	–	0.25%	–
MYL	New	MYLAN N Vcall	$4,241,000	–	62,500	–	0.24%	–
CNX	New	CONSOL ENERGY INCcall	$4,000,000	–	184,000	–	0.23%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,604,000	–	31,064	–	0.20%	–
PFE	New	PFIZER INCcall	$3,494,000	–	104,200	–	0.20%	–
PRGO	New	PERRIGO CO PLC	$3,282,000	–	17,756	–	0.19%	–
VFC	New	V F CORP	$3,217,000	–	46,133	–	0.18%	–
RH	New	RESTORATION HARDWARE HLDGS I	$3,140,000	–	32,166	–	0.18%	–
ESS	New	ESSEX PPTY TR INC	$3,100,000	–	14,586	–	0.18%	–
MIK	New	MICHAELS COS INC	$2,991,000	–	111,157	–	0.17%	–
MCD	New	MCDONALDS CORPcall	$2,947,000	–	31,000	–	0.17%	–
DOOR	New	MASONITE INTL CORP NEW	$2,949,000	–	42,062	–	0.17%	–
COO	New	COOPER COS INC	$2,922,000	–	16,420	–	0.16%	–
EA	New	ELECTRONIC ARTS INC	$2,788,000	–	41,920	–	0.16%	–
APD	New	AIR PRODS & CHEMS INC	$2,738,000	–	20,008	–	0.16%	–
M	New	MACYS INC	$2,640,000	–	39,125	–	0.15%	–
AAP	New	ADVANCE AUTO PARTS INC	$2,553,000	–	16,030	–	0.14%	–
MHK	New	MOHAWK INDS INC	$2,523,000	–	13,215	–	0.14%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$2,490,000	–	31,639	–	0.14%	–
GOOG	New	GOOGLE INCcl c	$2,398,000	–	4,607	–	0.14%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$2,038,000	–	25,128	–	0.12%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$1,992,000	–	35,552	–	0.11%	–
CAB	New	CABELAS INC	$1,952,000	–	39,047	–	0.11%	–
RPM	New	RPM INTL INC	$1,843,000	–	37,636	–	0.10%	–
CLNY	New	COLONY CAP INCcl a	$1,831,000	–	80,852	–	0.10%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$1,774,000	–	2,932	–	0.10%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$1,677,000	–	22,537	–	0.10%	–
FIS	New	FIDELITY NATL INFORMATION SVcall	$1,669,000	–	27,000	–	0.09%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC	$1,583,000	–	17,474	–	0.09%	–
MNST	New	MONSTER BEVERAGE CORP NEW	$1,547,000	–	11,544	–	0.09%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,517,000	–	17,819	–	0.09%	–
BURL	New	BURLINGTON STORES INC	$1,463,000	–	28,581	–	0.08%	–
KMX	New	CARMAX INC	$1,471,000	–	22,217	–	0.08%	–
OREX	New	OREXIGEN THERAPEUTICS INC	$1,342,000	–	271,189	–	0.08%	–
GPI	New	GROUP 1 AUTOMOTIVE INC	$1,273,000	–	14,010	–	0.07%	–
PRTY	New	PARTY CITY HOLDCO INC	$1,195,000	–	58,965	–	0.07%	–
KOPN	New	KOPIN CORP	$1,173,000	–	339,944	–	0.07%	–
GRPN	New	GROUPON INC	$1,146,000	–	227,894	–	0.06%	–
BCRX	New	BIOCRYST PHARMACEUTICALS	$1,097,000	–	73,500	–	0.06%	–
DEA	New	EASTERLY GOVT PPTYS INC	$1,054,000	–	66,217	–	0.06%	–
ABBV	New	ABBVIE INCcall	$1,041,000	–	15,500	–	0.06%	–
AMZN	New	AMAZON COM INC	$1,016,000	–	2,340	–	0.06%	–
OEC	New	ORION ENGINEERED CARBONS S A	$1,005,000	–	54,439	–	0.06%	–
ABBV	New	ABBVIE INC	$906,000	–	13,484	–	0.05%	–
CTRL	New	CONTROL4 CORP	$909,000	–	102,248	–	0.05%	–
BAC	New	BANK AMER CORPcall	$832,000	–	48,860	–	0.05%	–
SBY	New	SILVER BAY RLTY TR CORP	$819,000	–	50,280	–	0.05%	–
WMB	New	WILLIAMS COS INC DEL	$707,000	–	12,326	–	0.04%	–
BKS	New	BARNES & NOBLE INC	$600,000	–	23,112	–	0.03%	–
HAL	New	HALLIBURTON CO	$579,000	–	13,451	–	0.03%	–
ALB	New	ALBEMARLE CORP	$536,000	–	9,705	–	0.03%	–
MTB	New	M & T BK CORP	$496,000	–	3,968	–	0.03%	–
EQT	New	EQT CORP	$464,000	–	5,700	–	0.03%	–
ZTS	New	ZOETIS INCcl a	$456,000	–	9,467	–	0.03%	–
4305PS	New	ALCATEL-LUCENTsponsored adr	$445,000	–	122,827	–	0.02%	–
HIFR	New	INFRAREIT INC	$439,000	–	15,473	–	0.02%	–
PTEN	New	PATTERSON UTI ENERGY INC	$400,000	–	21,273	–	0.02%	–
WDC	New	WESTERN DIGITAL CORP	$401,000	–	5,110	–	0.02%	–
HPQ	New	HEWLETT PACKARD CO	$390,000	–	13,002	–	0.02%	–
NXPI	New	NXP SEMICONDUCTORS N V	$391,000	–	3,986	–	0.02%	–
EQM	New	EQT MIDSTREAM PARTNERS LPunit ltd partn	$389,000	–	4,766	–	0.02%	–
DYN	New	DYNEGY INC NEW DEL	$381,000	–	13,019	–	0.02%	–
LBTYA	New	LIBERTY GLOBAL PLC	$368,000	–	6,808	–	0.02%	–
CIT	New	CIT GROUP INC	$346,000	–	7,443	–	0.02%	–
DAL	New	DELTA AIR LINES INC DEL	$350,000	–	8,519	–	0.02%	–
NPO	New	ENPRO INDS INC	$343,000	–	5,993	–	0.02%	–
EMC	New	E M C CORP MASS	$342,000	–	12,950	–	0.02%	–
MWE	New	MARKWEST ENERGY PARTNERS L Punit ltd partn	$340,000	–	6,027	–	0.02%	–
BRCM	New	BROADCOM CORPcl a	$323,000	–	6,270	–	0.02%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$299,000	–	1,701	–	0.02%	–
CST	New	CST BRANDS INC	$298,000	–	7,642	–	0.02%	–
TIME	New	TIME INC NEW	$300,000	–	13,048	–	0.02%	–
NEE	New	NEXTERA ENERGY INC	$292,000	–	2,982	–	0.02%	–
THC	New	TENET HEALTHCARE CORP	$303,000	–	5,234	–	0.02%	–
RES	New	RPC INC	$276,000	–	19,973	–	0.02%	–
HRB	New	BLOCK H & R INC	$291,000	–	9,825	–	0.02%	–
TERP	New	TERRAFORM PWR INC	$287,000	–	7,568	–	0.02%	–
NBR	New	NABORS INDUSTRIES LTD	$274,000	–	19,011	–	0.02%	–
KEX	New	KIRBY CORP	$279,000	–	3,643	–	0.02%	–
TAP	New	MOLSON COORS BREWING COcl b	$289,000	–	4,134	–	0.02%	–
PXD	New	PIONEER NAT RES CO	$268,000	–	1,931	–	0.02%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$240,000	–	13,507	–	0.01%	–
YHOO	New	YAHOO INC	$239,000	–	6,077	–	0.01%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$256,000	–	1,495	–	0.01%	–
APA	New	APACHE CORP	$225,000	–	3,911	–	0.01%	–
AAL	New	AMERICAN AIRLS GROUP INC	$227,000	–	5,688	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
CBSTZ	Exit	CUBIST PHARMACEUTICALS INCright 99/99/9999	$0	–	-614,187	–	-0.00%	–
KOPN	Exit	KOPIN CORPcall	$0	–	-45,400	–	-0.01%	–
USAK	Exit	USA TRUCK INC	$0	–	-20,020	–	-0.02%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-13,232	–	-0.02%	–
SZMK	Exit	SIZMEK INC	$0	–	-54,869	–	-0.02%	–
ORM	Exit	OWENS RLTY MTG INC	$0	–	-32,548	–	-0.02%	–
GT	Exit	GOODYEAR TIRE & RUBR CO	$0	–	-21,333	–	-0.03%	–
KOPN	Exit	KOPIN CORP	$0	–	-143,573	–	-0.03%	–
RAD	Exit	RITE AID CORP	$0	–	-112,867	–	-0.03%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC	$0	–	-5,732	–	-0.03%	–
ESRT	Exit	EMPIRE ST RLTY TR INCcl a	$0	–	-37,614	–	-0.03%	–
HNR	Exit	HARVEST NATURAL RESOURCES IN	$0	–	-165,000	–	-0.03%	–
HNR	Exit	HARVEST NATURAL RESOURCES INput	$0	–	-165,000	–	-0.03%	–
WRE	Exit	WASHINGTON REAL ESTATE INVTsh ben int	$0	–	-27,306	–	-0.04%	–
SNN	Exit	SMITH & NEPHEW PLCspdn adr new	$0	–	-8,500	–	-0.04%	–
MET	Exit	METLIFE INC	$0	–	-13,430	–	-0.04%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-13,446	–	-0.04%	–
CIT	Exit	CIT GROUP INC	$0	–	-16,280	–	-0.04%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-7,506	–	-0.04%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-105,670	–	-0.04%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-47,846	–	-0.05%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP Icl a	$0	–	-23,069	–	-0.05%	–
VFC	Exit	V F CORP	$0	–	-14,143	–	-0.05%	–
CTRL	Exit	CONTROL4 CORP	$0	–	-73,748	–	-0.05%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-11,330	–	-0.06%	–
TDS	Exit	TELEPHONE & DATA SYS INCcall	$0	–	-43,500	–	-0.06%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-23,730	–	-0.06%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-10,680	–	-0.06%	–
SLG	Exit	SL GREEN RLTY CORP	$0	–	-10,669	–	-0.06%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-1,726	–	-0.06%	–
NTK	Exit	NORTEK INC	$0	–	-15,744	–	-0.06%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-13,950	–	-0.07%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-16,696	–	-0.07%	–
CLDT	Exit	CHATHAM LODGING TR	$0	–	-60,000	–	-0.07%	–
RDN	Exit	RADIAN GROUP INC	$0	–	-101,000	–	-0.08%	–
LL	Exit	LUMBER LIQUIDATORS HLDGS INC	$0	–	-25,478	–	-0.08%	–
CCL	Exit	CARNIVAL CORPpaired ctf	$0	–	-36,996	–	-0.08%	–
VOYA	Exit	VOYA FINL INC	$0	–	-38,042	–	-0.08%	–
CAB	Exit	CABELAS INC	$0	–	-25,237	–	-0.08%	–
NRF	Exit	NORTHSTAR RLTY FIN CORP	$0	–	-85,251	–	-0.08%	–
CVEO	Exit	CIVEO CORPcall	$0	–	-130,000	–	-0.08%	–
C	Exit	CITIGROUP INC	$0	–	-29,184	–	-0.08%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-17,380	–	-0.08%	–
TSE	Exit	TRINSEO S A	$0	–	-99,305	–	-0.08%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-8,061	–	-0.08%	–
MTW	Exit	MANITOWOC INC	$0	–	-69,053	–	-0.09%	–
RUBI	Exit	RUBICON PROJ INC	$0	–	-137,818	–	-0.09%	–
AIV	Exit	APARTMENT INVT & MGMT COcl a	$0	–	-51,700	–	-0.09%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-74,561	–	-0.09%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-46,985	–	-0.09%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,368	–	-0.09%	–
TROX	Exit	TRONOX LTD	$0	–	-66,871	–	-0.09%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR	$0	–	-107,614	–	-0.09%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-22,490	–	-0.10%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-33,928	–	-0.10%	–
PEB	Exit	PEBBLEBROOK HOTEL TR	$0	–	-49,042	–	-0.10%	–
RCAPQ	Exit	RCS CAP CORP	$0	–	-81,768	–	-0.10%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO	$0	–	-26,781	–	-0.10%	–
GNCIQ	Exit	GNC HLDGS INC	$0	–	-48,473	–	-0.10%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-1,683	–	-0.10%	–
SABR	Exit	SABRE CORP	$0	–	-108,672	–	-0.10%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-17,465	–	-0.10%	–
BAC	Exit	BANK AMER CORP	$0	–	-121,253	–	-0.11%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-13,843	–	-0.11%	–
HNR	Exit	HARVEST NATURAL RESOURCES INcall	$0	–	-597,500	–	-0.12%	–
TIME	Exit	TIME INC NEW	$0	–	-94,755	–	-0.12%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-36,207	–	-0.12%	–
GSAT	Exit	GLOBALSTAR INC	$0	–	-626,352	–	-0.12%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLcl a	$0	–	-335,868	–	-0.12%	–
URI	Exit	UNITED RENTALS INC	$0	–	-21,570	–	-0.13%	–
PVH	Exit	PVH CORP	$0	–	-19,880	–	-0.13%	–
TPUB	Exit	TRIBUNE PUBG CO	$0	–	-119,977	–	-0.13%	–
GVA	Exit	GRANITE CONSTR INC	$0	–	-77,304	–	-0.13%	–
SSEIQ	Exit	SEVENTY SEVEN ENERGY INC	$0	–	-106,357	–	-0.14%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-20,284	–	-0.14%	–
CRI	Exit	CARTER INC	$0	–	-34,937	–	-0.14%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-106,681	–	-0.15%	–
RLJ	Exit	RLJ LODGING TR	$0	–	-96,613	–	-0.15%	–
HR	Exit	HEALTHCARE RLTY TR	$0	–	-116,541	–	-0.15%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-30,049	–	-0.15%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-37,471	–	-0.15%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-25,250	–	-0.15%	–
HF	Exit	HFF INCcl a	$0	–	-99,472	–	-0.15%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-128,182	–	-0.15%	–
4107PS	Exit	MEADWESTVACO CORP	$0	–	-70,756	–	-0.16%	–
9207PS	Exit	ROCK-TENN COcl a	$0	–	-61,141	–	-0.16%	–
USG	Exit	U S G CORP	$0	–	-106,192	–	-0.16%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-106,058	–	-0.16%	–
HUM	Exit	HUMANA INC	$0	–	-22,620	–	-0.16%	–
GILD	Exit	GILEAD SCIENCES INCput	$0	–	-28,000	–	-0.16%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-30,935	–	-0.16%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-23,133	–	-0.16%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-49,873	–	-0.16%	–
DGI	Exit	DIGITALGLOBE INC	$0	–	-108,377	–	-0.16%	–
BOBE	Exit	BOB EVANS FARMS INC	$0	–	-67,270	–	-0.17%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-24,678	–	-0.17%	–
AKS	Exit	AK STL HLDG CORP	$0	–	-411,901	–	-0.18%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-98,084	–	-0.18%	–
NPO	Exit	ENPRO INDS INC	$0	–	-56,496	–	-0.18%	–
NSAM	Exit	NORTHSTAR ASSET MGMT GROUP I	$0	–	-191,138	–	-0.19%	–
ROC	Exit	ROCKWOOD HLDGS INC	$0	–	-46,254	–	-0.19%	–
SBY	Exit	SILVER BAY RLTY TR CORP	$0	–	-222,383	–	-0.19%	–
M504SC	Exit	NEWCASTLE INVT CORP NEW	$0	–	-284,966	–	-0.19%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-156,425	–	-0.20%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-45,624	–	-0.20%	–
NCR	Exit	NCR CORP NEW	$0	–	-110,168	–	-0.20%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-11,921	–	-0.21%	–
LORL	Exit	LORAL SPACE & COMMUNICATNS I	$0	–	-55,371	–	-0.21%	–
FLTX	Exit	FLEETMATICS GROUP PLC	$0	–	-130,887	–	-0.21%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-184,515	–	-0.21%	–
TPH	Exit	TRI POINTE HOMES INC	$0	–	-308,078	–	-0.21%	–
MHGC	Exit	MORGANS HOTEL GROUP CO	$0	–	-504,770	–	-0.22%	–
AT	Exit	ATLANTIC PWR CORP	$0	–	-1,721,362	–	-0.22%	–
ACM	Exit	AECOM TECHNOLOGY CORP DELAWA	$0	–	-125,694	–	-0.23%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a	$0	–	-369,114	–	-0.23%	–
BAX	Exit	BAXTER INTL INC	$0	–	-61,958	–	-0.24%	–
ORB	Exit	ORBITAL SCIENCES CORP	$0	–	-161,707	–	-0.24%	–
JAH	Exit	JARDEN CORP	$0	–	-74,947	–	-0.24%	–
SRC	Exit	SPIRIT RLTY CAP INC NEW	$0	–	-410,765	–	-0.24%	–
FCEA	Exit	FOREST CITY ENTERPRISES INCcl a	$0	–	-233,351	–	-0.24%	–
PF	Exit	PINNACLE FOODS INC DEL	$0	–	-139,900	–	-0.24%	–
MW	Exit	MENS WEARHOUSE INC	$0	–	-97,569	–	-0.25%	–
FNFV	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-350,750	–	-0.26%	–
ISBC	Exit	INVESTORS BANCORP INC NEW	$0	–	-498,978	–	-0.27%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-146,282	–	-0.28%	–
MCK	Exit	MCKESSON CORP	$0	–	-26,872	–	-0.28%	–
GRFS	Exit	GRIFOLS S Asp adr rep b nvt	$0	–	-152,452	–	-0.29%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-65,147	–	-0.29%	–
TWC	Exit	TIME WARNER CABLE INCcall	$0	–	-39,000	–	-0.30%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-105,114	–	-0.33%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-110,963	–	-0.34%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-252,112	–	-0.35%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-154,432	–	-0.35%	–
DISH	Exit	DISH NETWORK CORPcl a	$0	–	-102,489	–	-0.35%	–
MAS	Exit	MASCO CORP	$0	–	-324,900	–	-0.42%	–
BWP	Exit	BOARDWALK PIPELINE PARTNERSut ltd partner	$0	–	-427,410	–	-0.43%	–
SNOW	Exit	INTRAWEST RESORTS HLDGS INC	$0	–	-844,044	–	-0.44%	–
MYCC	Exit	CLUBCORP HLDGS INC	$0	–	-502,531	–	-0.53%	–
KMX	Exit	CARMAX INC	$0	–	-220,053	–	-0.54%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-42,310	–	-0.58%	–
B108PS	Exit	ACTAVIS PLCput	$0	–	-46,800	–	-0.60%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-108,410	–	-0.64%	–
ABBV	Exit	ABBVIE INCput	$0	–	-231,400	–	-0.71%	–
ABBV	Exit	ABBVIE INC	$0	–	-248,843	–	-0.77%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-105,791	–	-0.81%	–
SLXP	Exit	SALIX PHARMACEUTICALS INCcall	$0	–	-116,200	–	-0.97%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-708,149	–	-1.30%	–
OIS	Exit	OIL STS INTL INCcall	$0	–	-400,000	–	-1.32%	–
ALB	Exit	ALBEMARLE CORPcall	$0	–	-430,000	–	-1.35%	–
VAL	Exit	VALSPAR CORP	$0	–	-325,992	–	-1.37%	–
OIS	Exit	OIL STS INTL INC	$0	–	-429,397	–	-1.42%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-200,322	–	-1.60%	–
AAPL	Exit	APPLE INC	$0	–	-307,710	–	-1.65%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-826,289	–	-1.67%	–
SHPG	Exit	SHIRE PLCcall	$0	–	-126,900	–	-1.75%	–
SWAY	Exit	STARWOOD WAYPOINT RESIDENTL	$0	–	-1,360,387	–	-1.89%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG NV	$0	–	-829,287	–	-1.97%	–
CNX	Exit	CONSOL ENERGY INCcall	$0	–	-1,000,000	–	-2.02%	–
B108PS	Exit	ACTAVIS PLC	$0	–	-167,186	–	-2.15%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-451,389	–	-2.19%	–
BERY	Exit	BERRY PLASTICS GROUP INC	$0	–	-1,634,116	–	-2.20%	–
AWI	Exit	ARMSTRONG WORLD INDS INC NEW	$0	–	-742,584	–	-2.22%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-2,955,013	–	-2.71%	–
SLXP	Exit	SALIX PHARMACEUTICALS INC	$0	–	-346,636	–	-2.89%	–
AGN	Exit	ALLERGAN INC	$0	–	-446,471	–	-4.24%	–
ABBV	Exit	ABBVIE INCcall	$0	–	-1,400,000	–	-4.32%	–
B108PS	Exit	ACTAVIS PLCcall	$0	–	-366,000	–	-4.71%	–
CXP	Exit	COLUMBIA PPTY TR INC	$0	–	-4,011,264	–	-5.11%	–
MFRM	Exit	MATTRESS FIRM HLDG CORP	$0	–	-2,707,860	–	-8.68%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-1,312,500	–	-13.80%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRput	$258,589,000	-33.9%	1,312,500	-34.4%	13.80%	-43.7%
MFRM	Sell	MATTRESS FIRM HLDG CORP	$162,634,000	+14.8%	2,707,860	-8.8%	8.68%	-2.2%
CXP	Buy	COLUMBIA PPTY TR INC	$95,749,000	+2633.3%	4,011,264	+2878.3%	5.11%	+2232.9%
B108PS	New	ACTAVIS PLCcall	$88,308,000	–	366,000	–	4.71%	–
ABBV	New	ABBVIE INCcall	$80,864,000	–	1,400,000	–	4.32%	–
AGN	Buy	ALLERGAN INC	$79,557,000	+9.5%	446,471	+3.9%	4.24%	-6.8%
SLXP	Buy	SALIX PHARMACEUTICALS INC	$54,158,000	+2138.9%	346,636	+1667.7%	2.89%	+1801.3%
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$50,856,000	+3.0%	2,955,013	+4.7%	2.71%	-12.3%
AWI	Sell	ARMSTRONG WORLD INDS INC NEW	$41,585,000	-5.5%	742,584	-3.1%	2.22%	-19.5%
BERY	Buy	BERRY PLASTICS GROUP INC	$41,245,000	+24.7%	1,634,116	+27.4%	2.20%	+6.2%
GRA	Buy	GRACE W R & CO DEL NEW	$41,049,000	+5.1%	451,389	+9.2%	2.19%	-10.5%
B108PS	Sell	ACTAVIS PLC	$40,339,000	-29.2%	167,186	-34.5%	2.15%	-39.7%
CNX	New	CONSOL ENERGY INCcall	$37,860,000	–	1,000,000	–	2.02%	–
ST	Buy	SENSATA TECHNOLOGIES HLDG NV	$36,928,000	+2.4%	829,287	+7.6%	1.97%	-12.8%
SWAY	Buy	STARWOOD WAYPOINT RESIDENTL	$35,384,000	+517.7%	1,360,387	+522.4%	1.89%	+425.9%
SHPG	Buy	SHIRE PLCcall	$32,873,000	+654.5%	126,900	+585.9%	1.75%	+542.5%
CNX	Buy	CONSOL ENERGY INC	$31,283,000	-0.3%	826,289	+21.4%	1.67%	-15.1%
PRGO	Buy	PERRIGO CO PLC	$30,086,000	+12.0%	200,322	+8.7%	1.60%	-4.6%
OIS	Buy	OIL STS INTL INC	$26,580,000	+60.7%	429,397	+66.4%	1.42%	+36.9%
VAL	Buy	VALSPAR CORP	$25,750,000	+10.2%	325,992	+6.3%	1.37%	-6.1%
ALB	New	ALBEMARLE CORPcall	$25,327,000	–	430,000	–	1.35%	–
OIS	New	OIL STS INTL INCcall	$24,760,000	–	400,000	–	1.32%	–
MU	Sell	MICRON TECHNOLOGY INC	$24,261,000	-8.4%	708,149	-11.9%	1.30%	-22.0%
SLXP	Buy	SALIX PHARMACEUTICALS INCcall	$18,155,000	+568.9%	116,200	+428.2%	0.97%	+470.0%
TWC	Buy	TIME WARNER CABLE INC	$15,180,000	+7.2%	105,791	+10.0%	0.81%	-8.7%
ABBV	Buy	ABBVIE INC	$14,373,000	+344.4%	248,843	+334.3%	0.77%	+277.8%
ABBV	New	ABBVIE INCput	$13,366,000	–	231,400	–	0.71%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$12,063,000	–	108,410	–	0.64%	–
B108PS	New	ACTAVIS PLCput	$11,292,000	–	46,800	–	0.60%	–
SHPG	Buy	SHIRE PLCsponsored adr	$10,960,000	+158.9%	42,310	+135.4%	0.58%	+120.8%
KMX	New	CARMAX INC	$10,221,000	–	220,053	–	0.54%	–
MYCC	Buy	CLUBCORP HLDGS INC	$9,965,000	+796.1%	502,531	+737.6%	0.53%	+660.0%
SNOW	Buy	INTRAWEST RESORTS HLDGS INC	$8,162,000	+2.8%	844,044	+21.8%	0.44%	-12.4%
MAS	Sell	MASCO CORP	$7,772,000	-36.0%	324,900	-40.6%	0.42%	-45.5%
DISH	New	DISH NETWORK CORPcl a	$6,619,000	–	102,489	–	0.35%	–
LBTYA	New	LIBERTY GLOBAL PLC	$6,570,000	–	154,432	–	0.35%	–
HUN	Sell	HUNTSMAN CORP	$6,552,000	-57.7%	252,112	-54.3%	0.35%	-64.0%
A	Buy	AGILENT TECHNOLOGIES INC	$6,323,000	+469.1%	110,963	+473.7%	0.34%	+381.4%
ALB	New	ALBEMARLE CORP	$6,191,000	–	105,114	–	0.33%	–
TWC	Sell	TIME WARNER CABLE INCcall	$5,596,000	-79.4%	39,000	-78.9%	0.30%	-82.4%
BEAV	Buy	B/E AEROSPACE INC	$5,468,000	+81.4%	65,147	+99.9%	0.29%	+54.5%
MCK	Sell	MCKESSON CORP	$5,231,000	-37.2%	26,872	-39.9%	0.28%	-46.6%
AAL	New	AMERICAN AIRLS GROUP INC	$5,190,000	–	146,282	–	0.28%	–
ISBC	New	INVESTORS BANCORP INC NEW	$5,055,000	–	498,978	–	0.27%	–
FNFV	New	FIDELITY NATIONAL FINANCIAL	$4,826,000	–	350,750	–	0.26%	–
MW	Buy	MENS WEARHOUSE INC	$4,607,000	+19.5%	97,569	+41.2%	0.25%	+1.7%
PF	Buy	PINNACLE FOODS INC DEL	$4,568,000	+36.0%	139,900	+37.0%	0.24%	+16.2%
FCEA	Buy	FOREST CITY ENTERPRISES INCcl a	$4,564,000	+109.9%	233,351	+113.3%	0.24%	+79.4%
SRC	Buy	SPIRIT RLTY CAP INC NEW	$4,506,000	+23.3%	410,765	+27.7%	0.24%	+4.8%
ORB	New	ORBITAL SCIENCES CORP	$4,495,000	–	161,707	–	0.24%	–
JAH	New	JARDEN CORP	$4,505,000	–	74,947	–	0.24%	–
BAX	New	BAXTER INTL INC	$4,447,000	–	61,958	–	0.24%	–
HTA	New	HEALTHCARE TR AMER INCcl a	$4,282,000	–	369,114	–	0.23%	–
ACM	New	AECOM TECHNOLOGY CORP DELAWA	$4,242,000	–	125,694	–	0.23%	–
AT	Buy	ATLANTIC PWR CORP	$4,097,000	-20.0%	1,721,362	+37.8%	0.22%	-31.8%
MHGC	Sell	MORGANS HOTEL GROUP CO	$4,073,000	-64.9%	504,770	-65.5%	0.22%	-70.2%
AMAT	New	APPLIED MATLS INC	$3,987,000	–	184,515	–	0.21%	–
TPH	Buy	TRI POINTE HOMES INC	$3,987,000	-12.9%	308,078	+5.8%	0.21%	-25.8%
FLTX	Buy	FLEETMATICS GROUP PLC	$3,992,000	+78.5%	130,887	+89.3%	0.21%	+52.1%
LORL	Buy	LORAL SPACE & COMMUNICATNS I	$3,976,000	+55.3%	55,371	+57.2%	0.21%	+32.5%
BIIB	Buy	BIOGEN IDEC INC	$3,944,000	+121.9%	11,921	+111.5%	0.21%	+89.2%
NCR	Buy	NCR CORP NEW	$3,681,000	+18.1%	110,168	+24.0%	0.20%	+0.5%
CCI	Buy	CROWN CASTLE INTL CORP	$3,674,000	+134.2%	45,624	+115.9%	0.20%	+100.0%
CHMT	New	CHEMTURA CORP	$3,649,000	–	156,425	–	0.20%	–
M504SC	New	NEWCASTLE INVT CORP NEW	$3,613,000	–	284,966	–	0.19%	–
SBY	New	SILVER BAY RLTY TR CORP	$3,605,000	–	222,383	–	0.19%	–
ROC	Sell	ROCKWOOD HLDGS INC	$3,536,000	-82.4%	46,254	-82.5%	0.19%	-85.0%
NSAM	New	NORTHSTAR ASSET MGMT GROUP I	$3,521,000	–	191,138	–	0.19%	–
NPO	Sell	ENPRO INDS INC	$3,420,000	-25.6%	56,496	-10.1%	0.18%	-36.8%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$3,363,000	+103.3%	98,084	+108.4%	0.18%	+72.1%
AKS	Buy	AK STL HLDG CORP	$3,299,000	+35.9%	411,901	+35.1%	0.18%	+15.8%
AAP	New	ADVANCE AUTO PARTS INC	$3,216,000	–	24,678	–	0.17%	–
BOBE	New	BOB EVANS FARMS INC	$3,185,000	–	67,270	–	0.17%	–
DGI	New	DIGITALGLOBE INC	$3,089,000	–	108,377	–	0.16%	–
DG	New	DOLLAR GEN CORP NEW	$3,048,000	–	49,873	–	0.16%	–
APD	Buy	AIR PRODS & CHEMS INC	$3,011,000	+209.5%	23,133	+205.9%	0.16%	+163.9%
OXY	New	OCCIDENTAL PETE CORP DEL	$2,974,000	–	30,935	–	0.16%	–
GILD	New	GILEAD SCIENCES INCput	$2,981,000	–	28,000	–	0.16%	–
HUM	Sell	HUMANA INC	$2,947,000	-14.8%	22,620	-16.4%	0.16%	-27.6%
FNF	New	FIDELITY NATIONAL FINANCIAL	$2,942,000	–	106,058	–	0.16%	–
USG	New	U S G CORP	$2,919,000	–	106,192	–	0.16%	–
4107PS	Buy	MEADWESTVACO CORP	$2,897,000	+9.3%	70,756	+18.2%	0.16%	-6.6%
9207PS	Buy	ROCK-TENN COcl a	$2,909,000	+11.6%	61,141	+147.6%	0.16%	-4.9%
HF	New	HFF INCcl a	$2,880,000	–	99,472	–	0.15%	–
SXC	Sell	SUNCOKE ENERGY INC	$2,878,000	-45.9%	128,182	-48.2%	0.15%	-53.8%
SIG	New	SIGNET JEWELERS LIMITED	$2,876,000	–	25,250	–	0.15%	–
SBUX	New	STARBUCKS CORP	$2,828,000	–	37,471	–	0.15%	–
HON	Buy	HONEYWELL INTL INC	$2,798,000	+45.1%	30,049	+44.8%	0.15%	+23.1%
RLJ	Buy	RLJ LODGING TR	$2,751,000	+307.0%	96,613	+312.9%	0.15%	+250.0%
HR	New	HEALTHCARE RLTY TR	$2,760,000	–	116,541	–	0.15%	–
GE	New	GENERAL ELECTRIC CO	$2,733,000	–	106,681	–	0.15%	–
CRI	New	CARTER INC	$2,708,000	–	34,937	–	0.14%	–
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$2,661,000	-83.8%	20,284	-84.4%	0.14%	-86.2%
SSEIQ	New	SEVENTY SEVEN ENERGY INC	$2,525,000	–	106,357	–	0.14%	–
GVA	Buy	GRANITE CONSTR INC	$2,459,000	+81.9%	77,304	+105.7%	0.13%	+54.1%
TPUB	New	TRIBUNE PUBG CO	$2,421,000	–	119,977	–	0.13%	–
URI	Sell	UNITED RENTALS INC	$2,396,000	-84.7%	21,570	-85.6%	0.13%	-86.9%
PVH	New	PVH CORP	$2,408,000	–	19,880	–	0.13%	–
FIG	Buy	FORTRESS INVESTMENT GROUP LLcl a	$2,311,000	+92.3%	335,868	+108.0%	0.12%	+64.0%
GSAT	Buy	GLOBALSTAR INC	$2,292,000	+27.2%	626,352	+47.7%	0.12%	+8.0%
TSCO	New	TRACTOR SUPPLY CO	$2,227,000	–	36,207	–	0.12%	–
TIME	Sell	TIME INC NEW	$2,220,000	-50.2%	94,755	-48.5%	0.12%	-57.7%
HNR	Sell	HARVEST NATURAL RESOURCES INcall	$2,193,000	-34.4%	597,500	-10.8%	0.12%	-44.0%
CHTR	Buy	CHARTER COMMUNICATIONS INC Dcl a new	$2,095,000	+27.4%	13,843	+33.4%	0.11%	+8.7%
BAC	Buy	BANK AMER CORP	$2,067,000	+67.4%	121,253	+50.9%	0.11%	+42.9%
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,961,000	–	17,465	–	0.10%	–
PCLN	New	PRICELINE GRP INC	$1,950,000	–	1,683	–	0.10%	–
SABR	New	SABRE CORP	$1,947,000	–	108,672	–	0.10%	–
GNCIQ	New	GNC HLDGS INC	$1,878,000	–	48,473	–	0.10%	–
RCAPQ	Sell	RCS CAP CORP	$1,841,000	-12.3%	81,768	-17.4%	0.10%	-25.8%
PEB	New	PEBBLEBROOK HOTEL TR	$1,831,000	–	49,042	–	0.10%	–
RS	Sell	RELIANCE STEEL & ALUMINUM CO	$1,832,000	-30.0%	26,781	-24.6%	0.10%	-40.2%
RPT	Buy	RAMCO-GERSHENSON PPTYS TR	$1,749,000	+4.6%	107,614	+7.0%	0.09%	-11.4%
TROX	Buy	TRONOX LTD	$1,742,000	+31.3%	66,871	+35.5%	0.09%	+12.0%
URBN	New	URBAN OUTFITTERS INC	$1,724,000	–	46,985	–	0.09%	–
AMZN	New	AMAZON COM INC	$1,731,000	–	5,368	–	0.09%	–
MGM	New	MGM RESORTS INTERNATIONAL	$1,698,000	–	74,561	–	0.09%	–
AIV	New	APARTMENT INVT & MGMT COcl a	$1,645,000	–	51,700	–	0.09%	–
MTW	New	MANITOWOC INC	$1,619,000	–	69,053	–	0.09%	–
RUBI	New	RUBICON PROJ INC	$1,617,000	–	137,818	–	0.09%	–
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$1,572,000	-46.7%	8,061	-48.4%	0.08%	-54.6%
TSE	New	TRINSEO S A	$1,562,000	–	99,305	–	0.08%	–
AXP	New	AMERICAN EXPRESS CO	$1,521,000	–	17,380	–	0.08%	–
CVEO	New	CIVEO CORPcall	$1,509,000	–	130,000	–	0.08%	–
C	Sell	CITIGROUP INC	$1,512,000	+4.9%	29,184	-4.6%	0.08%	-10.0%
NRF	New	NORTHSTAR RLTY FIN CORP	$1,506,000	–	85,251	–	0.08%	–
CCL	New	CARNIVAL CORPpaired ctf	$1,486,000	–	36,996	–	0.08%	–
CAB	New	CABELAS INC	$1,486,000	–	25,237	–	0.08%	–
VOYA	Buy	VOYA FINL INC	$1,487,000	+121.9%	38,042	+106.3%	0.08%	+88.1%
LL	New	LUMBER LIQUIDATORS HLDGS INC	$1,462,000	–	25,478	–	0.08%	–
RDN	New	RADIAN GROUP INC	$1,440,000	–	101,000	–	0.08%	–
HOT	Sell	STARWOOD HOTELS&RESORTS WRLD	$1,389,000	-32.0%	16,696	-34.0%	0.07%	-42.2%
CLDT	Buy	CHATHAM LODGING TR	$1,385,000	+327.5%	60,000	+305.1%	0.07%	+270.0%
TIF	New	TIFFANY & CO NEW	$1,344,000	–	13,950	–	0.07%	–
NTK	New	NORTEK INC	$1,173,000	–	15,744	–	0.06%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$1,151,000	–	1,726	–	0.06%	–
SLG	New	SL GREEN RLTY CORP	$1,081,000	–	10,669	–	0.06%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,062,000	–	23,730	–	0.06%	–
TDS	New	TELEPHONE & DATA SYS INCcall	$1,041,000	–	43,500	–	0.06%	–
TRIP	Buy	TRIPADVISOR INC	$1,036,000	+31.3%	11,330	+56.0%	0.06%	+12.2%
CTRL	Buy	CONTROL4 CORP	$954,000	+28.7%	73,748	+94.6%	0.05%	+10.9%
VFC	New	V F CORP	$934,000	–	14,143	–	0.05%	–
NXST	Buy	NEXSTAR BROADCASTING GROUP Icl a	$932,000	+50.6%	23,069	+92.2%	0.05%	+28.2%
RVNC	Buy	REVANCE THERAPEUTICS INC	$925,000	+7.6%	47,846	+89.1%	0.05%	-9.3%
GTN	Buy	GRAY TELEVISION INC	$833,000	+212.0%	105,670	+418.9%	0.04%	+158.8%
GILD	New	GILEAD SCIENCES INC	$799,000	–	7,506	–	0.04%	–
CIT	New	CIT GROUP INC	$748,000	–	16,280	–	0.04%	–
AIG	Sell	AMERICAN INTL GROUP INC	$726,000	-2.8%	13,446	-1.7%	0.04%	-17.0%
SNN	New	SMITH & NEPHEW PLCspdn adr new	$716,000	–	8,500	–	0.04%	–
MET	New	METLIFE INC	$721,000	–	13,430	–	0.04%	–
WRE	New	WASHINGTON REAL ESTATE INVTsh ben int	$693,000	–	27,306	–	0.04%	–
HNR	New	HARVEST NATURAL RESOURCES IN	$606,000	–	165,000	–	0.03%	–
HNR	New	HARVEST NATURAL RESOURCES INput	$606,000	–	165,000	–	0.03%	–
ESRT	New	EMPIRE ST RLTY TR INCcl a	$565,000	–	37,614	–	0.03%	–
GT	Sell	GOODYEAR TIRE & RUBR CO	$482,000	-80.7%	21,333	-76.3%	0.03%	-83.4%
KOPN	Buy	KOPIN CORP	$488,000	+52.0%	143,573	+45.8%	0.03%	+30.0%
ORM	Buy	OWENS RLTY MTG INC	$464,000	-15.0%	32,548	+16.0%	0.02%	-26.5%
SZMK	Buy	SIZMEK INC	$425,000	+16.8%	54,869	+43.5%	0.02%	0.0%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$386,000	-50.2%	13,232	-38.0%	0.02%	-57.1%
USAK	New	USA TRUCK INC	$351,000	–	20,020	–	0.02%	–
KOPN	New	KOPIN CORPcall	$154,000	–	45,400	–	0.01%	–
MNTA	Exit	MOMENTA PHARMACEUTICALS INC	$0	–	-12,000	–	-0.01%	–
GWW	Exit	GRAINGER W W INC	$0	–	-1,336	–	-0.02%	–
MSTR	Exit	MICROSTRATEGY INCcl a new	$0	–	-2,855	–	-0.02%	–
MON	Exit	MONSANTO CO NEW	$0	–	-3,755	–	-0.03%	–
IRM	Exit	IRON MTN INCput	$0	–	-14,500	–	-0.03%	–
CSTM	Exit	CONSTELLIUM NVcl a	$0	–	-20,445	–	-0.04%	–
APOG	Exit	APOGEE ENTERPRISES INC	$0	–	-19,011	–	-0.04%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-23,455	–	-0.04%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-22,545	–	-0.05%	–
NGHC	Exit	NATIONAL GEN HLDGS CORP	$0	–	-43,732	–	-0.05%	–
APO	Exit	APOLLO GLOBAL MGMT LLC	$0	–	-27,488	–	-0.05%	–
EQIX	Exit	EQUINIX INC	$0	–	-3,867	–	-0.05%	–
CPT	Exit	CAMDEN PPTY TRsh ben int	$0	–	-11,887	–	-0.05%	–
TWI	Exit	TITAN INTL INC ILL	$0	–	-51,800	–	-0.06%	–
HSP	Exit	HOSPIRA INCcall	$0	–	-17,500	–	-0.06%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-5,383	–	-0.06%	–
OIBRC	Exit	OI S.A.sponsored adr	$0	–	-1,035,291	–	-0.06%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-7,548	–	-0.07%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-7,700	–	-0.07%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-36,988	–	-0.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-12,612	–	-0.08%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-17,969	–	-0.08%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-11,506	–	-0.08%	–
CMI	Exit	CUMMINS INC	$0	–	-8,736	–	-0.08%	–
AXLL	Exit	AXIALL CORP	$0	–	-29,580	–	-0.09%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-26,379	–	-0.09%	–
HCP	Exit	HCP INC	$0	–	-35,989	–	-0.09%	–
LO	Exit	LORILLARD INC	$0	–	-24,498	–	-0.09%	–
CCG	Exit	CAMPUS CREST CMNTYS INC	$0	–	-175,510	–	-0.10%	–
FMC	Exit	F M C CORP	$0	–	-21,310	–	-0.10%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-22,475	–	-0.10%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-23,436	–	-0.10%	–
PSB	Exit	PS BUSINESS PKS INC CALIF	$0	–	-20,676	–	-0.11%	–
PPS	Exit	POST PPTYS INC	$0	–	-32,747	–	-0.11%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-20,913	–	-0.11%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-146,501	–	-0.12%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-26,628	–	-0.12%	–
VNO	Exit	VORNADO RLTY TRsh ben int	$0	–	-18,755	–	-0.12%	–
RPM	Exit	RPM INTL INC	$0	–	-43,715	–	-0.13%	–
PX	Exit	PRAXAIR INC	$0	–	-15,972	–	-0.13%	–
NATL	Exit	NATIONAL INTERSTATE CORP	$0	–	-77,350	–	-0.14%	–
TEX	Exit	TEREX CORP NEW	$0	–	-54,736	–	-0.14%	–
FR	Exit	FIRST INDUSTRIAL REALTY TRUS	$0	–	-120,960	–	-0.14%	–
SINA	Exit	SINA CORPord	$0	–	-46,898	–	-0.15%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-82,770	–	-0.15%	–
OI	Exit	OWENS ILL INC	$0	–	-71,746	–	-0.16%	–
IYR	Exit	ISHARESput	$0	–	-35,000	–	-0.16%	–
OIBR	Exit	OI S.A.spn adr rep pfd	$0	–	-2,948,438	–	-0.16%	–
TSU	Exit	TIM PARTICIPACOES S Asponsored adr	$0	–	-95,010	–	-0.17%	–
AET	Exit	AETNA INC NEW	$0	–	-34,308	–	-0.17%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-222,011	–	-0.18%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOG	$0	–	-188,623	–	-0.19%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-396,575	–	-0.19%	–
EXPR	Exit	EXPRESS INC	$0	–	-181,888	–	-0.19%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-90,370	–	-0.21%	–
PFE	Exit	PFIZER INC	$0	–	-121,500	–	-0.23%	–
CQB	Exit	CHIQUITA BRANDS INTL INC	$0	–	-333,247	–	-0.23%	–
TCO	Exit	TAUBMAN CTRS INC	$0	–	-58,046	–	-0.28%	–
J106OPTLDIV	Exit	CBS OUTDOOR AMERS INC	$0	–	-136,337	–	-0.28%	–
BIIB	Exit	BIOGEN IDEC INCcall	$0	–	-15,000	–	-0.30%	–
LO	Exit	LORILLARD INCcall	$0	–	-87,000	–	-0.33%	–
SCI	Exit	SERVICE CORP INTL	$0	–	-260,002	–	-0.34%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-75,343	–	-0.38%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-504,801	–	-0.89%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLput	$0	–	-165,000	–	-1.30%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-422,676	–	-1.58%	–
YHOO	Exit	YAHOO INC	$0	–	-1,040,045	–	-2.29%	–
IWM	Exit	ISHARESput	$0	–	-480,500	–	-3.58%	–

Q2 2014

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$391,440,000	–	2,000,000	–	24.52%	–
MFRM	New	MATTRESS FIRM HLDG CORP	$141,714,000	–	2,967,837	–	8.88%	–
AGN	New	ALLERGAN INC	$72,681,000	–	429,508	–	4.55%	–
IWM	New	ISHARESput	$57,088,000	–	480,500	–	3.58%	–
B108PS	New	ACTAVIS PLC	$56,936,000	–	255,263	–	3.57%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$49,379,000	–	2,823,289	–	3.09%	–
AWI	New	ARMSTRONG WORLD INDS INC NEW	$44,013,000	–	766,374	–	2.76%	–
GRA	New	GRACE W R & CO DEL NEW	$39,060,000	–	413,203	–	2.45%	–
YHOO	New	YAHOO INC	$36,537,000	–	1,040,045	–	2.29%	–
ST	New	SENSATA TECHNOLOGIES HLDG NV	$36,059,000	–	770,820	–	2.26%	–
BERY	New	BERRY PLASTICS GROUP INC	$33,085,000	–	1,282,380	–	2.07%	–
CNX	New	CONSOL ENERGY INC	$31,364,000	–	680,794	–	1.96%	–
AAPL	New	APPLE INC	$28,595,000	–	307,710	–	1.79%	–
TWC	New	TIME WARNER CABLE INCcall	$27,177,000	–	184,500	–	1.70%	–
PRGO	New	PERRIGO CO PLC	$26,852,000	–	184,221	–	1.68%	–
MU	New	MICRON TECHNOLOGY INC	$26,497,000	–	804,149	–	1.66%	–
TPX	New	TEMPUR SEALY INTL INC	$25,234,000	–	422,676	–	1.58%	–
VAL	New	VALSPAR CORP	$23,363,000	–	306,644	–	1.46%	–
VRX	New	VALEANT PHARMACEUTICALS INTLput	$20,810,000	–	165,000	–	1.30%	–
ROC	New	ROCKWOOD HLDGS INC	$20,138,000	–	265,009	–	1.26%	–
OIS	New	OIL STS INTL INC	$16,541,000	–	258,091	–	1.04%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$16,429,000	–	130,267	–	1.03%	–
URI	New	UNITED RENTALS INC	$15,648,000	–	149,409	–	0.98%	–
HUN	New	HUNTSMAN CORP	$15,496,000	–	551,470	–	0.97%	–
TWC	New	TIME WARNER CABLE INC	$14,163,000	–	96,151	–	0.89%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$14,150,000	–	504,801	–	0.89%	–
MAS	New	MASCO CORP	$12,148,000	–	547,195	–	0.76%	–
MHGC	New	MORGANS HOTEL GROUP CO	$11,611,000	–	1,464,140	–	0.73%	–
MCK	New	MCKESSON CORP	$8,329,000	–	44,731	–	0.52%	–
SNOW	New	INTRAWEST RESORTS HLDGS INC	$7,942,000	–	693,003	–	0.50%	–
BWP	New	BOARDWALK PIPELINE PARTNERSut ltd partner	$7,907,000	–	427,410	–	0.50%	–
GRFS	New	GRIFOLS S Asp adr rep b nvt	$6,716,000	–	152,452	–	0.42%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$6,029,000	–	75,343	–	0.38%	–
SWAY	New	STARWOOD WAYPOINT RESIDENTL	$5,728,000	–	218,555	–	0.36%	–
SCI	New	SERVICE CORP INTL	$5,387,000	–	260,002	–	0.34%	–
SXC	New	SUNCOKE ENERGY INC	$5,319,000	–	247,387	–	0.33%	–
LO	New	LORILLARD INCcall	$5,304,000	–	87,000	–	0.33%	–
AT	New	ATLANTIC PWR CORP	$5,122,000	–	1,249,341	–	0.32%	–
BIIB	New	BIOGEN IDEC INCcall	$4,730,000	–	15,000	–	0.30%	–
NPO	New	ENPRO INDS INC	$4,596,000	–	62,815	–	0.29%	–
TPH	New	TRI POINTE HOMES INC	$4,577,000	–	291,174	–	0.29%	–
J106OPTLDIV	New	CBS OUTDOOR AMERS INC	$4,455,000	–	136,337	–	0.28%	–
TIME	New	TIME INC NEW	$4,460,000	–	184,165	–	0.28%	–
TCO	New	TAUBMAN CTRS INC	$4,400,000	–	58,046	–	0.28%	–
SHPG	New	SHIRE PLCcall	$4,357,000	–	18,500	–	0.27%	–
SHPG	New	SHIRE PLCsponsored adr	$4,233,000	–	17,976	–	0.26%	–
MW	New	MENS WEARHOUSE INC	$3,856,000	–	69,098	–	0.24%	–
SRC	New	SPIRIT RLTY CAP INC NEW	$3,655,000	–	321,714	–	0.23%	–
CQB	New	CHIQUITA BRANDS INTL INC	$3,616,000	–	333,247	–	0.23%	–
PFE	New	PFIZER INC	$3,606,000	–	121,500	–	0.23%	–
CXP	New	COLUMBIA PPTY TR INC	$3,503,000	–	134,684	–	0.22%	–
HUM	New	HUMANA INC	$3,457,000	–	27,064	–	0.22%	–
TSN	New	TYSON FOODS INCcl a	$3,392,000	–	90,370	–	0.21%	–
PF	New	PINNACLE FOODS INC DEL	$3,360,000	–	102,142	–	0.21%	–
HNR	New	HARVEST NATURAL RESOURCES INcall	$3,343,000	–	670,000	–	0.21%	–
ABBV	New	ABBVIE INC	$3,234,000	–	57,293	–	0.20%	–
NCR	New	NCR CORP NEW	$3,117,000	–	88,835	–	0.20%	–
EXPR	New	EXPRESS INC	$3,098,000	–	181,888	–	0.19%	–
BEAV	New	B/E AEROSPACE INC	$3,014,000	–	32,589	–	0.19%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$3,001,000	–	188,623	–	0.19%	–
NOK	New	NOKIA CORPsponsored adr	$2,998,000	–	396,575	–	0.19%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$2,951,000	–	15,622	–	0.18%	–
BSX	New	BOSTON SCIENTIFIC CORP	$2,835,000	–	222,011	–	0.18%	–
AET	New	AETNA INC NEW	$2,782,000	–	34,308	–	0.17%	–
TSU	New	TIM PARTICIPACOES S Asponsored adr	$2,758,000	–	95,010	–	0.17%	–
SLXP	New	SALIX PHARMACEUTICALS INCcall	$2,714,000	–	22,000	–	0.17%	–
4107PS	New	MEADWESTVACO CORP	$2,650,000	–	59,880	–	0.17%	–
RS	New	RELIANCE STEEL & ALUMINUM CO	$2,619,000	–	35,534	–	0.16%	–
9207PS	New	ROCK-TENN COcl a	$2,607,000	–	24,692	–	0.16%	–
LORL	New	LORAL SPACE & COMMUNICATNS I	$2,560,000	–	35,214	–	0.16%	–
OIBR	New	OI S.A.spn adr rep pfd	$2,530,000	–	2,948,438	–	0.16%	–
IYR	New	ISHARESput	$2,513,000	–	35,000	–	0.16%	–
GT	New	GOODYEAR TIRE & RUBR CO	$2,499,000	–	89,968	–	0.16%	–
OI	New	OWENS ILL INC	$2,485,000	–	71,746	–	0.16%	–
SLXP	New	SALIX PHARMACEUTICALS INC	$2,419,000	–	19,609	–	0.15%	–
AKS	New	AK STL HLDG CORP	$2,427,000	–	304,956	–	0.15%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$2,376,000	–	82,770	–	0.15%	–
SINA	New	SINA CORPord	$2,334,000	–	46,898	–	0.15%	–
FR	New	FIRST INDUSTRIAL REALTY TRUS	$2,279,000	–	120,960	–	0.14%	–
TEX	New	TEREX CORP NEW	$2,250,000	–	54,736	–	0.14%	–
FLTX	New	FLEETMATICS GROUP PLC	$2,236,000	–	69,149	–	0.14%	–
NATL	New	NATIONAL INTERSTATE CORP	$2,167,000	–	77,350	–	0.14%	–
FCEA	New	FOREST CITY ENTERPRISES INCcl a	$2,174,000	–	109,412	–	0.14%	–
PX	New	PRAXAIR INC	$2,122,000	–	15,972	–	0.13%	–
RCAPQ	New	RCS CAP CORP	$2,100,000	–	98,935	–	0.13%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$2,044,000	–	25,295	–	0.13%	–
RPM	New	RPM INTL INC	$2,019,000	–	43,715	–	0.13%	–
VNO	New	VORNADO RLTY TRsh ben int	$2,002,000	–	18,755	–	0.12%	–
LVNTA	New	LIBERTY INTERACTIVE CORP	$1,965,000	–	26,628	–	0.12%	–
HON	New	HONEYWELL INTL INC	$1,928,000	–	20,745	–	0.12%	–
CX	New	CEMEX SAB DE CVspon adr new	$1,938,000	–	146,501	–	0.12%	–
EMN	New	EASTMAN CHEM CO	$1,827,000	–	20,913	–	0.11%	–
GSAT	New	GLOBALSTAR INC	$1,802,000	–	424,102	–	0.11%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$1,779,000	–	33,928	–	0.11%	–
BIIB	New	BIOGEN IDEC INC	$1,777,000	–	5,637	–	0.11%	–
PPS	New	POST PPTYS INC	$1,751,000	–	32,747	–	0.11%	–
PSB	New	PS BUSINESS PKS INC CALIF	$1,726,000	–	20,676	–	0.11%	–
CVS	New	CVS CAREMARK CORPORATION	$1,695,000	–	22,490	–	0.11%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR	$1,672,000	–	100,592	–	0.10%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,654,000	–	47,064	–	0.10%	–
ENDP	New	ENDO INTL PLC	$1,641,000	–	23,436	–	0.10%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$1,644,000	–	10,378	–	0.10%	–
OMC	New	OMNICOM GROUP INC	$1,601,000	–	22,475	–	0.10%	–
CCI	New	CROWN CASTLE INTL CORP	$1,569,000	–	21,134	–	0.10%	–
CCG	New	CAMPUS CREST CMNTYS INC	$1,520,000	–	175,510	–	0.10%	–
FMC	New	F M C CORP	$1,517,000	–	21,310	–	0.10%	–
LO	New	LORILLARD INC	$1,494,000	–	24,498	–	0.09%	–
HCP	New	HCP INC	$1,489,000	–	35,989	–	0.09%	–
HCA	New	HCA HOLDINGS INC	$1,487,000	–	26,379	–	0.09%	–
C	New	CITIGROUP INC	$1,441,000	–	30,589	–	0.09%	–
AXLL	New	AXIALL CORP	$1,398,000	–	29,580	–	0.09%	–
GVA	New	GRANITE CONSTR INC	$1,352,000	–	37,581	–	0.08%	–
CMI	New	CUMMINS INC	$1,348,000	–	8,736	–	0.08%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,328,000	–	11,506	–	0.08%	–
TROX	New	TRONOX LTD	$1,327,000	–	49,340	–	0.08%	–
PKG	New	PACKAGING CORP AMER	$1,285,000	–	17,969	–	0.08%	–
UNP	New	UNION PAC CORP	$1,258,000	–	12,612	–	0.08%	–
CG	New	CARLYLE GROUP L P	$1,256,000	–	36,988	–	0.08%	–
BAC	New	BANK OF AMERICA CORPORATION	$1,235,000	–	80,358	–	0.08%	–
FIG	New	FORTRESS INVESTMENT GROUP LLcl a	$1,202,000	–	161,499	–	0.08%	–
MYCC	New	CLUBCORP HLDGS INC	$1,112,000	–	60,000	–	0.07%	–
A	New	AGILENT TECHNOLOGIES INC	$1,111,000	–	19,343	–	0.07%	–
MHK	New	MOHAWK INDS INC	$1,065,000	–	7,700	–	0.07%	–
WHR	New	WHIRLPOOL CORP	$1,051,000	–	7,548	–	0.07%	–
OIBRC	New	OI S.A.sponsored adr	$1,001,000	–	1,035,291	–	0.06%	–
EXP	New	EAGLE MATERIALS INC	$1,007,000	–	10,680	–	0.06%	–
APD	New	AIR PRODS & CHEMS INC	$973,000	–	7,562	–	0.06%	–
PSA	New	PUBLIC STORAGE	$922,000	–	5,383	–	0.06%	–
HSP	New	HOSPIRA INCcall	$899,000	–	17,500	–	0.06%	–
TWI	New	TITAN INTL INC ILL	$871,000	–	51,800	–	0.06%	–
RVNC	New	REVANCE THERAPEUTICS INC	$860,000	–	25,300	–	0.05%	–
CPT	New	CAMDEN PPTY TRsh ben int	$846,000	–	11,887	–	0.05%	–
RAD	New	RITE AID CORP	$809,000	–	112,867	–	0.05%	–
EQIX	New	EQUINIX INC	$812,000	–	3,867	–	0.05%	–
TRIP	New	TRIPADVISOR INC	$789,000	–	7,261	–	0.05%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$775,000	–	21,328	–	0.05%	–
NGHC	New	NATIONAL GEN HLDGS CORP	$761,000	–	43,732	–	0.05%	–
APO	New	APOLLO GLOBAL MGMT LLC	$762,000	–	27,488	–	0.05%	–
VNTV	New	VANTIV INCcl a	$758,000	–	22,545	–	0.05%	–
AIG	New	AMERICAN INTL GROUP INC	$747,000	–	13,684	–	0.05%	–
CTRL	New	CONTROL4 CORP	$741,000	–	37,889	–	0.05%	–
BXMT	New	BLACKSTONE MTG TR INC	$680,000	–	23,455	–	0.04%	–
VOYA	New	VOYA FINL INC	$670,000	–	18,441	–	0.04%	–
APOG	New	APOGEE ENTERPRISES INC	$663,000	–	19,011	–	0.04%	–
RLJ	New	RLJ LODGING TR	$676,000	–	23,399	–	0.04%	–
CSTM	New	CONSTELLIUM NVcl a	$655,000	–	20,445	–	0.04%	–
NXST	New	NEXSTAR BROADCASTING GROUP Icl a	$619,000	–	12,000	–	0.04%	–
ORM	New	OWENS RLTY MTG INC	$546,000	–	28,048	–	0.03%	–
PCRX	New	PACIRA PHARMACEUTICALS INC	$527,000	–	5,732	–	0.03%	–
IRM	New	IRON MTN INCput	$514,000	–	14,500	–	0.03%	–
MON	New	MONSANTO CO NEW	$468,000	–	3,755	–	0.03%	–
MSTR	New	MICROSTRATEGY INCcl a new	$401,000	–	2,855	–	0.02%	–
SZMK	New	SIZMEK INC	$364,000	–	38,241	–	0.02%	–
GWW	New	GRAINGER W W INC	$340,000	–	1,336	–	0.02%	–
CLDT	New	CHATHAM LODGING TR	$324,000	–	14,812	–	0.02%	–
KOPN	New	KOPIN CORP	$321,000	–	98,443	–	0.02%	–
GTN	New	GRAY TELEVISION INC	$267,000	–	20,365	–	0.02%	–
MNTA	New	MOMENTA PHARMACEUTICALS INC	$145,000	–	12,000	–	0.01%	–
CBSTZ	New	CUBIST PHARMACEUTICALS INCright 99/99/9999	$71,000	–	614,187	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-3,032	–	-0.04%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-3,397	–	-0.04%	–
BA	Exit	BOEING CO	$0	–	-2,065	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,094	–	-0.05%	–
TRQ	Exit	TURQUOISE HILL RES LTD	$0	–	-57,980	–	-0.05%	–
CYT	Exit	CYTEC INDS INC	$0	–	-3,162	–	-0.05%	–
BBY	Exit	BEST BUY INC	$0	–	-7,583	–	-0.05%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO	$0	–	-3,884	–	-0.05%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,826	–	-0.06%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-1,467	–	-0.06%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,739	–	-0.06%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-12,095	–	-0.07%	–
KBR	Exit	KBR INC	$0	–	-11,990	–	-0.08%	–
GM	Exit	GENERAL MTRS CO	$0	–	-11,725	–	-0.08%	–
IP	Exit	INTL PAPER CO	$0	–	-9,978	–	-0.08%	–
URI	Exit	UNITED RENTALS INC	$0	–	-7,656	–	-0.08%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-6,631	–	-0.09%	–
TROX	Exit	TRONOX LTD	$0	–	-20,400	–	-0.10%	–
WTSLQ	Exit	WET SEAL INCcl a	$0	–	-134,956	–	-0.10%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-7,928	–	-0.11%	–
OI	Exit	OWENS ILL INC	$0	–	-24,861	–	-0.14%	–
NCT	Exit	NEWCASTLE INVT CORP	$0	–	-142,340	–	-0.15%	–
HNR	Exit	HARVEST NATURAL RESOURCES IN	$0	–	-157,820	–	-0.16%	–
TSU	Exit	TIM PARTICIPACOES S Asponsored adr	$0	–	-36,080	–	-0.16%	–
CLDT	Exit	CHATHAM LODGING TR	$0	–	-56,300	–	-0.19%	–
SPXC	Exit	SPX CORP	$0	–	-12,060	–	-0.20%	–
BOBE	Exit	BOB EVANS FARMS INC	$0	–	-18,079	–	-0.20%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-130,675	–	-0.20%	–
PNK	Exit	PINNACLE ENTMT INC	$0	–	-41,925	–	-0.20%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GO	$0	–	-33,505	–	-0.21%	–
LORL	Exit	LORAL SPACE & COMMUNICATNS I	$0	–	-18,532	–	-0.24%	–
HOLX	Exit	HOLOGIC INC	$0	–	-61,540	–	-0.24%	–
TEX	Exit	TEREX CORP NEW	$0	–	-38,288	–	-0.24%	–
PHH	Exit	PHH CORP	$0	–	-54,125	–	-0.24%	–
MW	Exit	MENS WEARHOUSE INC	$0	–	-37,890	–	-0.25%	–
ELX	Exit	EMULEX CORP	$0	–	-168,410	–	-0.25%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-85,535	–	-0.28%	–
ISBC	Exit	INVESTORS BANCORP INC	$0	–	-66,839	–	-0.28%	–
NE	Exit	NOBLE CORPORATION BAARnamen -akt	$0	–	-39,250	–	-0.28%	–
TIBX	Exit	TIBCO SOFTWARE INC	$0	–	-59,385	–	-0.29%	–
SWY	Exit	SAFEWAY INC	$0	–	-47,602	–	-0.29%	–
VC	Exit	VISTEON CORP	$0	–	-20,215	–	-0.29%	–
HSH	Exit	HILLSHIRE BRANDS CO	$0	–	-51,140	–	-0.30%	–
DOV	Exit	DOVER CORP	$0	–	-17,950	–	-0.31%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-24,800	–	-0.31%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-17,955	–	-0.32%	–
ABT	Exit	ABBOTT LABS	$0	–	-51,310	–	-0.32%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-34,265	–	-0.34%	–
OIS	Exit	OIL STS INTL INC	$0	–	-17,200	–	-0.34%	–
SLM	Exit	SLM CORP	$0	–	-71,580	–	-0.34%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-16,005	–	-0.34%	–
BPO	Exit	BROOKFIELD OFFICE PPTYS INC	$0	–	-94,150	–	-0.34%	–
DISH	Exit	DISH NETWORK CORPcl a	$0	–	-39,955	–	-0.34%	–
VOD	Exit	VODAFONE GROUP PLC NEWspons adr new	$0	–	-51,505	–	-0.34%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-24,535	–	-0.36%	–
CIT	Exit	CIT GROUP INC	$0	–	-41,290	–	-0.38%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-36,475	–	-0.38%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-27,385	–	-0.39%	–
ACT	Exit	ACTAVIS INC	$0	–	-14,900	–	-0.41%	–
ASH	Exit	ASHLAND INC NEW	$0	–	-23,340	–	-0.41%	–
TKR	Exit	TIMKEN CO	$0	–	-35,991	–	-0.42%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-38,347	–	-0.42%	–
BRY	Exit	BERRY PETE COcl a	$0	–	-53,000	–	-0.44%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-26,220	–	-0.44%	–
3101SC	Exit	COMMONWEALTH REIT	$0	–	-104,925	–	-0.44%	–
EQIX	Exit	EQUINIX INC	$0	–	-12,975	–	-0.45%	–
BB	Exit	BLACKBERRY LTDput	$0	–	-300,000	–	-0.46%	–
LAMR	Exit	LAMAR ADVERTISING COcl a	$0	–	-53,515	–	-0.48%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-525,520	–	-0.48%	–
ELN	Exit	ELAN PLCadr	$0	–	-180,665	–	-0.54%	–
OPTR	Exit	OPTIMER PHARMACEUTICALS INC	$0	–	-256,160	–	-0.62%	–
CPWR	Exit	COMPUWARE CORP	$0	–	-302,792	–	-0.65%	–
BERY	Exit	BERRY PLASTICS GROUP INC	$0	–	-284,275	–	-1.08%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-322,000	–	-1.36%	–
IRM	Exit	IRON MTN INCcall	$0	–	-390,000	–	-2.01%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-656,650	–	-2.19%	–
MHGC	Exit	MORGANS HOTEL GROUP CO	$0	–	-1,774,747	–	-2.60%	–
TPX	Exit	TEMPUR SEALY INTL INCcall	$0	–	-310,000	–	-2.60%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-706,560	–	-2.78%	–
YHOO	Exit	YAHOO INCput	$0	–	-512,400	–	-3.24%	–
YHOO	Exit	YAHOO INC	$0	–	-560,817	–	-3.55%	–
COLE	Exit	COLE REAL ESTATE INVTS INC	$0	–	-1,676,300	–	-3.92%	–
HES	Exit	HESS CORP	$0	–	-277,586	–	-4.09%	–
CPRT	Exit	COPART INCcall	$0	–	-700,000	–	-4.24%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-410,647	–	-4.32%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-152,600	–	-4.89%	–
ROC	Exit	ROCKWOOD HLDGS INC	$0	–	-442,685	–	-5.65%	–
AAPL	Exit	APPLE INC	$0	–	-84,293	–	-7.66%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-1,344,714	–	-11.27%	–
MFRM	Exit	MATTRESS FIRM HLDG CORP	$0	–	-2,326,174	–	-14.11%	–

Q3 2013

			Value		Shares		↓ Weighting
MFRM	Buy	MATTRESS FIRM HLDG CORP	$73,996,000	+1.3%	2,326,174	+28.4%	14.11%	+46.8%
TPX	Buy	TEMPUR SEALY INTL INC	$59,114,000	+65.1%	1,344,714	+64.8%	11.27%	+139.1%
AAPL	Buy	APPLE INC	$40,187,000	+20.5%	84,293	+0.2%	7.66%	+74.5%
ROC	New	ROCKWOOD HLDGS INC	$29,616,000	–	442,685	–	5.65%	–
SPY	New	SPDR S&P 500 ETF TRput	$25,638,000	–	152,600	–	4.89%	–
CBS	Sell	CBS CORP NEWcl b	$22,651,000	+0.4%	410,647	-11.0%	4.32%	+45.5%
HES	Sell	HESS CORP	$21,469,000	+15.1%	277,586	-1.0%	4.09%	+66.8%
COLE	New	COLE REAL ESTATE INVTS INC	$20,551,000	–	1,676,300	–	3.92%	–
YHOO	Sell	YAHOO INC	$18,602,000	+20.9%	560,817	-8.4%	3.55%	+75.1%
YHOO	New	YAHOO INCput	$16,996,000	–	512,400	–	3.24%	–
HUN	New	HUNTSMAN CORP	$14,562,000	–	706,560	–	2.78%	–
TPX	Sell	TEMPUR SEALY INTL INCcall	$13,628,000	-46.0%	310,000	-46.1%	2.60%	-21.8%
MHGC	Buy	MORGANS HOTEL GROUP CO	$13,611,000	+248.2%	1,774,747	+265.9%	2.60%	+403.9%
MU	New	MICRON TECHNOLOGY INC	$11,471,000	–	656,650	–	2.19%	–
IRM	Sell	IRON MTN INCcall	$10,538,000	-89.0%	390,000	-89.1%	2.01%	-84.0%
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$7,136,000	–	322,000	–	1.36%	–
BERY	New	BERRY PLASTICS GROUP INC	$5,677,000	–	284,275	–	1.08%	–
CPWR	New	COMPUWARE CORP	$3,388,000	–	302,792	–	0.65%	–
OPTR	New	OPTIMER PHARMACEUTICALS INC	$3,225,000	–	256,160	–	0.62%	–
ELN	New	ELAN PLCadr	$2,815,000	–	180,665	–	0.54%	–
ODP	Buy	OFFICE DEPOT INC	$2,538,000	+480.8%	525,520	+365.1%	0.48%	+734.5%
LAMR	Buy	LAMAR ADVERTISING COcl a	$2,517,000	+133.7%	53,515	+115.5%	0.48%	+238.0%
BB	New	BLACKBERRY LTDput	$2,384,000	–	300,000	–	0.46%	–
EQIX	Buy	EQUINIX INC	$2,383,000	+129.6%	12,975	+130.9%	0.45%	+231.4%
3101SC	New	COMMONWEALTH REIT	$2,299,000	–	104,925	–	0.44%	–
GRA	New	GRACE W R & CO DEL NEW	$2,292,000	–	26,220	–	0.44%	–
BRY	New	BERRY PETE COcl a	$2,286,000	–	53,000	–	0.44%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$2,201,000	–	38,347	–	0.42%	–
TKR	New	TIMKEN CO	$2,174,000	–	35,991	–	0.42%	–
ASH	Sell	ASHLAND INC NEW	$2,158,000	-95.1%	23,340	-95.6%	0.41%	-92.9%
ACT	Sell	ACTAVIS INC	$2,146,000	+9.0%	14,900	-4.4%	0.41%	+57.9%
LBTYK	New	LIBERTY GLOBAL PLC	$2,066,000	–	27,385	–	0.39%	–
PENN	Sell	PENN NATL GAMING INC	$2,019,000	-26.0%	36,475	-29.2%	0.38%	+7.2%
CIT	New	CIT GROUP INC	$2,014,000	–	41,290	–	0.38%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$1,916,000	–	24,535	–	0.36%	–
VOD	Buy	VODAFONE GROUP PLC NEWspons adr new	$1,812,000	+300.9%	51,505	+227.8%	0.34%	+484.7%
DISH	New	DISH NETWORK CORPcl a	$1,798,000	–	39,955	–	0.34%	–
BPO	New	BROOKFIELD OFFICE PPTYS INC	$1,795,000	–	94,150	–	0.34%	–
TWC	New	TIME WARNER CABLE INC	$1,786,000	–	16,005	–	0.34%	–
SLM	New	SLM CORP	$1,782,000	–	71,580	–	0.34%	–
OIS	New	OIL STS INTL INC	$1,780,000	–	17,200	–	0.34%	–
A	Sell	AGILENT TECHNOLOGIES INC	$1,756,000	-28.3%	34,265	-40.2%	0.34%	+4.0%
ABT	New	ABBOTT LABS	$1,696,000	–	51,310	–	0.32%	–
OXY	Buy	OCCIDENTAL PETE CORP DEL	$1,680,000	+7.4%	17,955	+2.4%	0.32%	+55.3%
IR	New	INGERSOLL-RAND PLC	$1,611,000	–	24,800	–	0.31%	–
DOV	New	DOVER CORP	$1,612,000	–	17,950	–	0.31%	–
HSH	New	HILLSHIRE BRANDS CO	$1,572,000	–	51,140	–	0.30%	–
VC	New	VISTEON CORP	$1,529,000	–	20,215	–	0.29%	–
SWY	New	SAFEWAY INC	$1,523,000	–	47,602	–	0.29%	–
TIBX	New	TIBCO SOFTWARE INC	$1,520,000	–	59,385	–	0.29%	–
NE	Buy	NOBLE CORPORATION BAARnamen -akt	$1,482,000	+1.9%	39,250	+1.4%	0.28%	+47.4%
ISBC	New	INVESTORS BANCORP INC	$1,464,000	–	66,839	–	0.28%	–
SXC	Sell	SUNCOKE ENERGY INC	$1,454,000	-44.1%	85,535	-53.9%	0.28%	-19.0%
ELX	New	EMULEX CORP	$1,307,000	–	168,410	–	0.25%	–
MW	New	MENS WEARHOUSE INC	$1,290,000	–	37,890	–	0.25%	–
PHH	New	PHH CORP	$1,285,000	–	54,125	–	0.24%	–
TEX	New	TEREX CORP NEW	$1,286,000	–	38,288	–	0.24%	–
HOLX	New	HOLOGIC INC	$1,271,000	–	61,540	–	0.24%	–
LORL	New	LORAL SPACE & COMMUNICATNS I	$1,255,000	–	18,532	–	0.24%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$1,098,000	–	33,505	–	0.21%	–
PNK	New	PINNACLE ENTMT INC	$1,050,000	–	41,925	–	0.20%	–
SUNEQ	New	SUNEDISON INC	$1,041,000	–	130,675	–	0.20%	–
BOBE	New	BOB EVANS FARMS INC	$1,035,000	–	18,079	–	0.20%	–
SPXC	New	SPX CORP	$1,021,000	–	12,060	–	0.20%	–
CLDT	New	CHATHAM LODGING TR	$1,006,000	–	56,300	–	0.19%	–
TSU	New	TIM PARTICIPACOES S Asponsored adr	$850,000	–	36,080	–	0.16%	–
HNR	New	HARVEST NATURAL RESOURCES IN	$844,000	–	157,820	–	0.16%	–
NCT	New	NEWCASTLE INVT CORP	$800,000	–	142,340	–	0.15%	–
OI	New	OWENS ILL INC	$746,000	–	24,861	–	0.14%	–
EXP	New	EAGLE MATERIALS INC	$574,000	–	7,928	–	0.11%	–
WTSLQ	New	WET SEAL INCcl a	$530,000	–	134,956	–	0.10%	–
TROX	New	TRONOX LTD	$499,000	–	20,400	–	0.10%	–
KORS	New	MICHAEL KORS HLDGS LTD	$494,000	–	6,631	–	0.09%	–
IP	New	INTL PAPER CO	$447,000	–	9,978	–	0.08%	–
URI	New	UNITED RENTALS INC	$446,000	–	7,656	–	0.08%	–
GM	New	GENERAL MTRS CO	$422,000	–	11,725	–	0.08%	–
KBR	New	KBR INC	$391,000	–	11,990	–	0.08%	–
UAL	New	UNITED CONTL HLDGS INC	$371,000	–	12,095	–	0.07%	–
CF	New	CF INDS HLDGS INC	$309,000	–	1,467	–	0.06%	–
HON	New	HONEYWELL INTL INC	$310,000	–	3,739	–	0.06%	–
SBUX	New	STARBUCKS CORP	$294,000	–	3,826	–	0.06%	–
RS	New	RELIANCE STEEL & ALUMINUM CO	$285,000	–	3,884	–	0.05%	–
BBY	New	BEST BUY INC	$284,000	–	7,583	–	0.05%	–
TRQ	New	TURQUOISE HILL RES LTD	$256,000	–	57,980	–	0.05%	–
CYT	New	CYTEC INDS INC	$257,000	–	3,162	–	0.05%	–
PX	New	PRAXAIR INC	$252,000	–	2,094	–	0.05%	–
BA	New	BOEING CO	$243,000	–	2,065	–	0.05%	–
DECK	New	DECKERS OUTDOOR CORP	$224,000	–	3,397	–	0.04%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$222,000	–	3,032	–	0.04%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-33,500	–	-0.06%	–
NPO	Exit	ENPRO INDS INC	$0	–	-20,400	–	-0.14%	–
RYN	Exit	RAYONIER INC	$0	–	-26,900	–	-0.20%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-27,200	–	-0.22%	–
TIVO	Exit	TIVO INC	$0	–	-169,800	–	-0.25%	–
3101SC	Exit	COMMONWEALTH REITput	$0	–	-91,200	–	-0.28%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-47,044	–	-0.33%	–
FOR	Exit	FORESTAR GROUP INC	$0	–	-152,910	–	-0.40%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-53,824	–	-0.40%	–
VOD	Exit	VODAFONE GROUP PLC NEWcall	$0	–	-224,200	–	-0.85%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-248,000	–	-1.08%	–
NWSA	Exit	NEWS CORPcl a	$0	–	-585,860	–	-1.18%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-306,897	–	-1.58%	–
TROX	Exit	TRONOX LTDcall	$0	–	-950,000	–	-2.52%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-1,762,000	–	-37.21%	–

Q2 2013

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRcall	$282,660,000	–	1,762,000	–	37.21%	–
IRM	New	IRON MTN INCcall	$95,530,000	–	3,590,000	–	12.57%	–
MFRM	New	MATTRESS FIRM HLDG CORP	$73,023,000	–	1,811,979	–	9.61%	–
ASH	New	ASHLAND INC NEW	$44,245,000	–	529,877	–	5.82%	–
TPX	New	TEMPUR PEDIC INTL INC	$35,811,000	–	815,744	–	4.71%	–
AAPL	New	APPLE INC	$33,361,000	–	84,133	–	4.39%	–
TPX	New	TEMPUR PEDIC INTL INCcall	$25,243,000	–	575,000	–	3.32%	–
CBS	New	CBS CORP NEWcl b	$22,557,000	–	461,562	–	2.97%	–
CPRT	New	COPART INCcall	$21,560,000	–	700,000	–	2.84%	–
TROX	New	TRONOX LTDcall	$19,143,000	–	950,000	–	2.52%	–
HES	New	HESS CORP	$18,646,000	–	280,436	–	2.45%	–
YHOO	New	YAHOO INC	$15,391,000	–	612,437	–	2.03%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$11,972,000	–	306,897	–	1.58%	–
NWSA	New	NEWS CORPcl a	$8,934,000	–	585,860	–	1.18%	–
TYC	New	TYCO INTERNATIONAL LTD	$8,172,000	–	248,000	–	1.08%	–
VOD	New	VODAFONE GROUP PLC NEWcall	$6,445,000	–	224,200	–	0.85%	–
MHGC	New	MORGANS HOTEL GROUP CO	$3,909,000	–	485,022	–	0.52%	–
F113PS	New	COVIDIEN PLC	$3,077,000	–	53,824	–	0.40%	–
FOR	New	FORESTAR GROUP INC	$3,067,000	–	152,910	–	0.40%	–
PENN	New	PENN NATL GAMING INC	$2,728,000	–	51,544	–	0.36%	–
SXC	New	SUNCOKE ENERGY INC	$2,599,000	–	185,349	–	0.34%	–
MOS	New	MOSAIC CO NEW	$2,531,000	–	47,044	–	0.33%	–
A	New	AGILENT TECHNOLOGIES INC	$2,450,000	–	57,293	–	0.32%	–
3101SC	New	COMMONWEALTH REITput	$2,109,000	–	91,200	–	0.28%	–
ACT	New	ACTAVIS INC	$1,968,000	–	15,590	–	0.26%	–
TIVO	New	TIVO INC	$1,876,000	–	169,800	–	0.25%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$1,679,000	–	27,200	–	0.22%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,564,000	–	17,526	–	0.21%	–
RYN	New	RAYONIER INC	$1,490,000	–	26,900	–	0.20%	–
NE	New	NOBLE CORPORATION BAARnamen -akt	$1,455,000	–	38,710	–	0.19%	–
LAMR	New	LAMAR ADVERTISING COcl a	$1,077,000	–	24,830	–	0.14%	–
EQIX	New	EQUINIX INC	$1,038,000	–	5,619	–	0.14%	–
NPO	New	ENPRO INDS INC	$1,036,000	–	20,400	–	0.14%	–
ATVI	New	ACTIVISION BLIZZARD INC	$478,000	–	33,500	–	0.06%	–
VOD	New	VODAFONE GROUP PLC NEWspons adr new	$452,000	–	15,710	–	0.06%	–
ODP	New	OFFICE DEPOT INC	$437,000	–	113,000	–	0.06%	–

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Export Standard Investments LLC's holdings