Vulcan Value Partners, LLC Activity Q4 2010-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INCequity	$452,431	-20.7%	3,557,422	-18.8%	6.89%	-3.9%
KKR	Sell	KKR & CO INCequity	$426,073	-5.4%	6,918,569	-13.9%	6.49%	+14.8%
MSFT	Sell	MICROSOFT CORPequity	$425,366	-28.3%	1,346,478	-22.7%	6.48%	-13.1%
GOOG	Sell	ALPHABET INCequity	$416,890	-9.5%	3,159,334	-17.0%	6.35%	+9.7%
CRM	Sell	SALESFORCE INCequity	$372,127	-16.4%	1,834,897	-13.0%	5.67%	+1.3%
TDG	Sell	TRANSDIGM GROUP INCequity	$364,613	-35.0%	432,748	-31.0%	5.55%	-21.1%
MA	Sell	MASTERCARD INCORPORATEDequity	$322,396	-20.6%	814,320	-21.2%	4.91%	-3.8%
SWKS	Sell	SKYWORKS SOLUTIONS INCequity	$318,580	-20.7%	3,231,693	-11.0%	4.85%	-3.9%
V	Sell	VISA INCequity	$300,983	-16.6%	1,308,357	-13.9%	4.58%	+1.1%
CG	Sell	CARLYLE GROUP INCequity	$295,932	-17.6%	9,813,179	-12.7%	4.51%	-0.1%
ARES	Sell	ARES MANAGEMENT CORPORATIONequity	$206,511	-14.8%	2,007,931	-20.2%	3.14%	+3.3%
CBRE	Sell	CBRE GROUP INCequity	$195,886	-19.1%	2,653,003	-11.5%	2.98%	-1.9%
ANTM	Sell	ELEVANCE HEALTH INCequity	$195,841	-19.4%	449,530	-17.8%	2.98%	-2.2%
QRVO	Sell	QORVO INCequity	$188,597	-20.0%	1,975,785	-14.4%	2.87%	-2.9%
NICE	Buy	NICE LTDequity	$177,460	+1.5%	1,043,004	+23.0%	2.70%	+23.1%
JLL	Sell	JONES LANG LASALLE INCequity	$160,102	-30.7%	1,135,507	-23.4%	2.44%	-16.0%
	Sell	GENERAL ELECTRIC COequity	$137,481	-34.1%	1,243,933	-34.5%	2.09%	-20.0%
CSGP	Sell	COSTAR GROUP INCequity	$132,393	-44.1%	1,723,070	-35.3%	2.02%	-32.2%
SSNC	Buy	SS&C TECHNOLOGIES HLDGS INCequity	$132,252	+37.5%	2,518,401	+58.7%	2.01%	+66.7%
HEIA	Sell	HEICO CORP NEWequity	$129,469	-20.6%	1,002,335	-13.6%	1.97%	-3.8%
FISV	Buy	FISERV INCequity	$93,699	-6.6%	829,535	+4.3%	1.43%	+13.3%
MAR	New	MARRIOTT INTL INC NEWequity	$83,407	–	424,700	–	1.27%	–
BLL	Sell	BALL CORPequity	$77,910	-33.0%	1,566,086	-21.6%	1.19%	-18.7%
ABT	Sell	ABBOTT LABSequity	$70,283	-23.3%	726,165	-13.7%	1.07%	-7.0%
LFUS	Sell	LITTELFUSE INCequity	$67,758	-32.2%	273,969	-20.2%	1.03%	-17.8%
ABM	Buy	ABM INDS INCequity	$67,473	+24.0%	1,686,407	+32.2%	1.03%	+50.5%
UNH	New	UNITEDHEALTH GROUP INCequity	$62,437	–	123,681	–	0.95%	–
AMAT	Sell	APPLIED MATLS INCequity	$59,659	-58.1%	430,707	-56.2%	0.91%	-49.2%
TXN	New	TEXAS INSTRS INCequity	$54,845	–	344,797	–	0.84%	–
ITRN	Sell	ITURAN LOCATION AND CONTROLequity	$53,069	+11.9%	1,774,877	-12.7%	0.81%	+35.6%
CIGI	Sell	COLLIERS INTL GROUP INCequity	$52,611	-11.4%	552,344	-8.7%	0.80%	+7.4%
G	Buy	GENPACT LIMITEDequity	$50,653	+2.0%	1,399,254	+5.9%	0.77%	+23.6%
CWK	Sell	CUSHMAN WAKEFIELD PLCequity	$48,926	-13.6%	6,420,796	-7.2%	0.74%	+4.8%
VRTS	Sell	VIRTUS INVT PARTNERS INCequity	$43,214	-1.4%	213,940	-3.6%	0.66%	+19.4%
PK	Sell	PARK HOTELS & RESORTS INCequity	$42,618	-6.5%	3,459,226	-2.7%	0.65%	+13.5%
SEE	Buy	SEALED AIR CORP NEWequity	$37,603	+18.6%	1,144,343	+44.3%	0.57%	+44.0%
MEDP	Sell	MEDPACE HLDGS INCequity	$33,927	-26.4%	140,119	-27.0%	0.52%	-10.7%
MLHR	Sell	MILLERKNOLL INCequity	$33,448	+46.6%	1,368,007	-11.4%	0.51%	+77.4%
DNB	Buy	DUN & BRADSTREET HLDGS INCequity	$32,613	+140.7%	3,264,527	+178.8%	0.50%	+192.4%
PRG	Sell	PROG HOLDINGS INCequity	$31,855	+0.5%	959,208	-2.8%	0.48%	+21.9%
TKR	Buy	TIMKEN COequity	$29,504	+92.2%	401,471	+139.4%	0.45%	+132.6%
	Sell	SMARTRENT INCequity	$27,225	-33.0%	10,431,183	-1.7%	0.42%	-18.6%
AYI	Sell	ACUITY BRANDS INCequity	$25,921	+3.9%	152,196	-0.5%	0.40%	+26.2%
ENS	Sell	ENERSYSequity	$24,137	-13.2%	254,960	-0.5%	0.37%	+5.4%
	Sell	CORE & MAIN INCequity	$9,755	-13.6%	338,123	-6.1%	0.15%	+4.9%
FWRD	Exit	FORWARD AIR CORPequity	$0	–	-267,300	–	-0.36%	–
LRCX	Exit	LAM RESEARCH CORPequity	$0	–	-120,856	–	-0.98%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORPequity	$593,413	–	1,742,923	–	7.45%	–
AMZN	New	AMAZON COM INCequity	$570,779	–	4,378,601	–	7.17%	–
TDG	New	TRANSDIGM GROUP INCequity	$560,550	–	626,838	–	7.04%	–
GOOG	New	ALPHABET INCequity	$460,692	–	3,808,696	–	5.79%	–
KKR	New	KKR & CO INCequity	$450,217	–	8,037,780	–	5.65%	–
CRM	New	SALESFORCE INCequity	$445,361	–	2,108,013	–	5.59%	–
MA	New	MASTERCARD INCORPORATEDequity	$406,226	–	1,032,820	–	5.10%	–
SWKS	New	SKYWORKS SOLUTIONS INCequity	$401,914	–	3,630,030	–	5.05%	–
V	New	VISA INCequity	$360,863	–	1,519,466	–	4.53%	–
CG	New	CARLYLE GROUP INCequity	$359,300	–	11,240,921	–	4.51%	–
ANTM	New	ELEVANCE HEALTH INCequity	$242,950	–	546,818	–	3.05%	–
ARES	New	ARES MANAGEMENT CORPORATIONequity	$242,360	–	2,515,225	–	3.04%	–
CBRE	New	CBRE GROUP INCequity	$242,061	–	2,997,985	–	3.04%	–
CSGP	New	COSTAR GROUP INCequity	$236,753	–	2,662,708	–	2.97%	–
QRVO	New	QORVO INCequity	$235,629	–	2,308,344	–	2.96%	–
JLL	New	JONES LANG LASALLE INCequity	$231,067	–	1,483,274	–	2.90%	–
	New	GENERAL ELECTRIC COequity	$208,465	–	1,898,425	–	2.62%	–
NICE	New	NICE LTDequity	$174,866	–	847,645	–	2.20%	–
HEIA	New	HEICO CORP NEWequity	$163,105	–	1,160,427	–	2.05%	–
AMAT	New	APPLIED MATLS INCequity	$142,334	–	984,443	–	1.79%	–
BLL	New	BALL CORPequity	$116,283	–	1,997,074	–	1.46%	–
FISV	New	FISERV INCequity	$100,343	–	795,494	–	1.26%	–
LFUS	New	LITTELFUSE INCequity	$99,963	–	343,150	–	1.26%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INCequity	$96,151	–	1,586,793	–	1.21%	–
ABT	New	ABBOTT LABSequity	$91,602	–	840,986	–	1.15%	–
LRCX	New	LAM RESEARCH CORPequity	$77,744	–	120,856	–	0.98%	–
CIGI	New	COLLIERS INTL GROUP INCequity	$59,387	–	604,817	–	0.75%	–
CWK	New	CUSHMAN WAKEFIELD PLCequity	$56,612	–	6,920,751	–	0.71%	–
ABM	New	ABM INDS INCequity	$54,399	–	1,275,474	–	0.68%	–
G	New	GENPACT LIMITEDequity	$49,651	–	1,321,562	–	0.62%	–
ITRN	New	ITURAN LOCATION AND CONTROLequity	$47,437	–	2,032,424	–	0.60%	–
MEDP	New	MEDPACE HLDGS INCequity	$46,115	–	192,008	–	0.58%	–
PK	New	PARK HOTELS & RESORTS INCequity	$45,575	–	3,555,020	–	0.57%	–
VRTS	New	VIRTUS INVT PARTNERS INCequity	$43,841	–	222,015	–	0.55%	–
	New	SMARTRENT INCequity	$40,633	–	10,609,244	–	0.51%	–
SEE	New	SEALED AIR CORP NEWequity	$31,712	–	792,798	–	0.40%	–
PRG	New	PROG HOLDINGS INCequity	$31,686	–	986,496	–	0.40%	–
FWRD	New	FORWARD AIR CORPequity	$28,363	–	267,300	–	0.36%	–
ENS	New	ENERSYSequity	$27,812	–	256,286	–	0.35%	–
AYI	New	ACUITY BRANDS INCequity	$24,953	–	153,014	–	0.31%	–
MLHR	New	MILLERKNOLL INCequity	$22,812	–	1,543,425	–	0.29%	–
TKR	New	TIMKEN COequity	$15,348	–	167,680	–	0.19%	–
DNB	New	DUN & BRADSTREET HLDGS INCequity	$13,548	–	1,171,002	–	0.17%	–
	New	CORE & MAIN INCequity	$11,284	–	360,048	–	0.14%	–

Q4 2022

			Value		Shares		↓ Weighting
CRNC	Exit	Cerence Incequity	$0	–	-1,278,482	–	-0.24%	–
PRG	Exit	PROG Holdings Incequity	$0	–	-1,483,391	–	-0.26%	–
MLHR	Exit	MillerKnoll Incequity	$0	–	-1,738,267	–	-0.32%	–
SNBR	Exit	Sleep Number Corpequity	$0	–	-954,439	–	-0.38%	–
TKR	Exit	Timken Co/Theequity	$0	–	-610,375	–	-0.42%	–
	Exit	SmartRent Incequity	$0	–	-16,686,231	–	-0.44%	–
ABM	Exit	ABM Industries Incequity	$0	–	-1,319,538	–	-0.59%	–
VRTS	Exit	Virtus Investment Partners Incequity	$0	–	-347,334	–	-0.65%	–
ENS	Exit	EnerSysequity	$0	–	-1,007,431	–	-0.69%	–
PK	Exit	Park Hotels & Resorts Incequity	$0	–	-5,504,828	–	-0.72%	–
MEDP	Exit	Medpace Holdings Incequity	$0	–	-401,203	–	-0.74%	–
CIGI	Exit	Colliers International Group Iequity	$0	–	-710,721	–	-0.76%	–
ITRN	Exit	Ituran Location and Control Ltequity	$0	–	-3,152,144	–	-0.86%	–
LFUS	Exit	Littelfuse Incequity	$0	–	-471,233	–	-1.10%	–
CWK	Exit	Cushman & Wakefield PLCequity	$0	–	-10,457,810	–	-1.40%	–
ARES	Exit	Ares Management Corpequity	$0	–	-2,430,825	–	-1.76%	–
ANTM	Exit	Elevance Health Incequity	$0	–	-391,053	–	-2.08%	–
LRCX	Exit	Lam Research Corpequity	$0	–	-586,498	–	-2.51%	–
JLL	Exit	Jones Lang LaSalle Incequity	$0	–	-1,454,632	–	-2.57%	–
FB	Exit	Meta Platforms Incequity	$0	–	-1,711,315	–	-2.72%	–
CSGP	Exit	CoStar Group Incequity	$0	–	-3,588,199	–	-2.92%	–
HEIA	Exit	HEICO Corpequity	$0	–	-2,230,008	–	-2.99%	–
CBRE	Exit	CBRE Group Incequity	$0	–	-3,815,879	–	-3.01%	–
SPLK	Exit	Splunk Incequity	$0	–	-3,453,061	–	-3.04%	–
QRVO	Exit	Qorvo Incequity	$0	–	-3,440,450	–	-3.20%	–
AMAT	Exit	Applied Materials Incequity	$0	–	-3,844,676	–	-3.68%	–
CG	Exit	Carlyle Group Inc/Theequity	$0	–	-14,233,909	–	-4.30%	–
V	Exit	Visa Incequity	$0	–	-2,163,877	–	-4.50%	–
SWKS	Exit	Skyworks Solutions Incequity	$0	–	-4,650,429	–	-4.64%	–
GOOG	Exit	Alphabet Incequity	$0	–	-4,354,730	–	-4.90%	–
	Exit	General Electric Coequity	$0	–	-7,161,998	–	-5.19%	–
CRM	Exit	Salesforce Incequity	$0	–	-3,200,901	–	-5.39%	–
KKR	Exit	KKR & Co Incequity	$0	–	-10,814,991	–	-5.44%	–
MA	Exit	Mastercard Incequity	$0	–	-1,685,939	–	-5.61%	–
TDG	Exit	TransDigm Group Incequity	$0	–	-1,019,056	–	-6.26%	–
MSFT	Exit	Microsoft Corpequity	$0	–	-2,466,689	–	-6.72%	–
AMZN	Exit	Amazon.com Incequity	$0	–	-5,304,241	–	-7.01%	–

Q3 2022

			Value		Shares		↓ Weighting
AMZN	Sell	Amazon.com Incequity	$599,379,000	-13.5%	5,304,241	-18.7%	7.01%	+3.5%
MSFT	Buy	Microsoft Corpequity	$574,492,000	+18.0%	2,466,689	+30.1%	6.72%	+41.1%
TDG	Sell	TransDigm Group Incequity	$534,821,000	-19.0%	1,019,056	-17.2%	6.26%	-3.1%
MA	Sell	Mastercard Incequity	$479,380,000	-38.4%	1,685,939	-31.7%	5.61%	-26.3%
KKR	Sell	KKR & Co Incequity	$465,045,000	-15.0%	10,814,991	-8.5%	5.44%	+1.7%
CRM	Sell	Salesforce Incequity	$460,418,000	-15.8%	3,200,901	-3.4%	5.39%	+0.8%
	Sell	General Electric Coequity	$443,400,000	-5.3%	7,161,998	-2.7%	5.19%	+13.3%
GOOG	Buy	Alphabet Incequity	$418,707,000	-11.2%	4,354,730	+1920.3%	4.90%	+6.2%
SWKS	Buy	Skyworks Solutions Incequity	$396,542,000	-7.7%	4,650,429	+0.3%	4.64%	+10.4%
V	Sell	Visa Incequity	$384,412,000	-19.8%	2,163,877	-11.2%	4.50%	-4.1%
CG	Sell	Carlyle Group Inc/Theequity	$367,804,000	-21.6%	14,233,909	-3.9%	4.30%	-6.2%
AMAT	Sell	Applied Materials Incequity	$314,994,000	-15.1%	3,844,676	-5.8%	3.68%	+1.5%
QRVO	Sell	Qorvo Incequity	$273,207,000	-38.7%	3,440,450	-27.1%	3.20%	-26.6%
SPLK	Sell	Splunk Incequity	$259,670,000	-18.6%	3,453,061	-4.3%	3.04%	-2.7%
CBRE	Buy	CBRE Group Incequity	$257,610,000	+34.0%	3,815,879	+46.1%	3.01%	+60.3%
HEIA	Sell	HEICO Corpequity	$255,604,000	-18.6%	2,230,008	-25.2%	2.99%	-2.7%
CSGP	Sell	CoStar Group Incequity	$249,919,000	-17.6%	3,588,199	-28.5%	2.92%	-1.4%
FB	Sell	Meta Platforms Incequity	$232,191,000	-20.8%	1,711,315	-5.9%	2.72%	-5.3%
JLL	Buy	Jones Lang LaSalle Incequity	$219,751,000	+19.4%	1,454,632	+38.2%	2.57%	+42.8%
LRCX	Sell	Lam Research Corpequity	$214,659,000	-25.7%	586,498	-13.5%	2.51%	-11.2%
ANTM	New	Elevance Health Incequity	$177,632,000	–	391,053	–	2.08%	–
ARES	New	Ares Management Corpequity	$150,589,000	–	2,430,825	–	1.76%	–
CWK	Sell	Cushman & Wakefield PLCequity	$119,742,000	-24.9%	10,457,810	-0.1%	1.40%	-10.2%
LFUS	Buy	Littelfuse Incequity	$93,629,000	+3.8%	471,233	+32.7%	1.10%	+24.1%
ITRN	Sell	Ituran Location and Control Ltequity	$73,571,000	-6.2%	3,152,144	-1.6%	0.86%	+12.3%
CIGI	Buy	Colliers International Group Iequity	$65,145,000	+43.7%	710,721	+71.9%	0.76%	+71.6%
MEDP	Sell	Medpace Holdings Incequity	$63,057,000	+1.3%	401,203	-3.5%	0.74%	+21.2%
PK	Buy	Park Hotels & Resorts Incequity	$61,984,000	+20.3%	5,504,828	+44.9%	0.72%	+43.8%
ENS	Sell	EnerSysequity	$58,602,000	-7.7%	1,007,431	-6.4%	0.69%	+10.5%
VRTS	Sell	Virtus Investment Partners Incequity	$55,407,000	-13.2%	347,334	-7.0%	0.65%	+3.7%
ABM	Sell	ABM Industries Incequity	$50,446,000	-16.2%	1,319,538	-4.9%	0.59%	+0.2%
	Sell	SmartRent Incequity	$37,878,000	-49.9%	16,686,231	-0.3%	0.44%	-40.1%
TKR	New	Timken Co/Theequity	$36,037,000	–	610,375	–	0.42%	–
SNBR	Sell	Sleep Number Corpequity	$32,270,000	-33.3%	954,439	-38.9%	0.38%	-20.1%
MLHR	Buy	MillerKnoll Incequity	$27,117,000	-24.3%	1,738,267	+27.5%	0.32%	-9.4%
PRG	Sell	PROG Holdings Incequity	$22,221,000	-52.3%	1,483,391	-47.4%	0.26%	-42.9%
CRNC	Sell	Cerence Incequity	$20,136,000	-58.4%	1,278,482	-33.3%	0.24%	-50.1%
IWD	Exit	ISHARES TRequity	$0	–	-13,164	–	-0.02%	–
PRCH	Exit	PORCH GROUP INCequity	$0	–	-10,027,757	–	-0.25%	–
UPST	Exit	UPSTART HLDGS INCequity	$0	–	-3,996,381	–	-1.24%	–
NVDA	Exit	NVIDIA CORPORATIONequity	$0	–	-912,476	–	-1.35%	–
APP	Exit	APPLOVIN CORPequity	$0	–	-7,588,801	–	-2.56%	–

Q2 2022

			Value		Shares		↓ Weighting
MA	New	MASTERCARD INCORPORATEDequity	$778,178,000	–	2,466,649	–	7.61%	–
AMZN	New	AMAZON COM INCequity	$692,940,000	–	6,524,247	–	6.78%	–
TDG	New	TRANSDIGM GROUP INCequity	$660,196,000	–	1,230,172	–	6.46%	–
KKR	New	KKR & CO INCequity	$546,897,000	–	11,814,588	–	5.35%	–
CRM	New	SALESFORCE COM INCequity	$546,668,000	–	3,312,336	–	5.35%	–
MSFT	New	MICROSOFT CORPequity	$486,860,000	–	1,895,654	–	4.76%	–
V	New	VISA INCequity	$479,599,000	–	2,435,875	–	4.69%	–
GOOG	New	ALPHABET INCequity	$471,492,000	–	215,544	–	4.61%	–
CG	New	CARLYLE GROUP INCequity	$469,170,000	–	14,819,027	–	4.59%	–
	New	GENERAL ELECTRIC COequity	$468,449,000	–	7,357,452	–	4.58%	–
QRVO	New	QORVO INCequity	$445,342,000	–	4,721,609	–	4.36%	–
SWKS	New	SKYWORKS SOLUTIONS INCequity	$429,663,000	–	4,637,994	–	4.20%	–
AMAT	New	APPLIED MATLS INCequity	$371,233,000	–	4,080,380	–	3.63%	–
SPLK	New	SPLUNK INCequity	$319,129,000	–	3,607,607	–	3.12%	–
HEIA	New	HEICO CORP NEWequity	$314,119,000	–	2,980,825	–	3.07%	–
CSGP	New	COSTAR GROUP INCequity	$303,248,000	–	5,019,843	–	2.97%	–
FB	New	META PLATFORMS INCequity	$293,181,000	–	1,818,182	–	2.87%	–
LRCX	New	LAM RESEARCH CORPequity	$289,009,000	–	678,185	–	2.83%	–
APP	New	APPLOVIN CORPequity	$261,358,000	–	7,588,801	–	2.56%	–
CBRE	New	CBRE GROUP INCequity	$192,279,000	–	2,612,123	–	1.88%	–
JLL	New	JONES LANG LASALLE INCequity	$184,065,000	–	1,052,644	–	1.80%	–
CWK	New	CUSHMAN WAKEFIELD PLCequity	$159,495,000	–	10,465,542	–	1.56%	–
NVDA	New	NVIDIA CORPORATIONequity	$138,322,000	–	912,476	–	1.35%	–
UPST	New	UPSTART HLDGS INCequity	$126,365,000	–	3,996,381	–	1.24%	–
LFUS	New	LITTELFUSE INCequity	$90,187,000	–	355,011	–	0.88%	–
ITRN	New	ITURAN LOCATION AND CONTROLequity	$78,414,000	–	3,201,896	–	0.77%	–
	New	SMARTRENT INCequity	$75,667,000	–	16,740,465	–	0.74%	–
VRTS	New	VIRTUS INVT PARTNERS INCequity	$63,864,000	–	373,428	–	0.62%	–
ENS	New	ENERSYSequity	$63,468,000	–	1,076,460	–	0.62%	–
MEDP	New	MEDPACE HLDGS INCequity	$62,234,000	–	415,808	–	0.61%	–
ABM	New	ABM INDS INCequity	$60,226,000	–	1,387,047	–	0.59%	–
PK	New	PARK HOTELS & RESORTS INCequity	$51,544,000	–	3,798,411	–	0.50%	–
SNBR	New	SLEEP NUMBER CORPequity	$48,364,000	–	1,562,656	–	0.47%	–
CRNC	New	CERENCE INCequity	$48,375,000	–	1,917,366	–	0.47%	–
PRG	New	PROG HOLDINGS INCequity	$46,567,000	–	2,822,252	–	0.46%	–
CIGI	New	COLLIERS INTL GROUP INCequity	$45,349,000	–	413,357	–	0.44%	–
MLHR	New	MILLERKNOLL INCequity	$35,815,000	–	1,363,346	–	0.35%	–
PRCH	New	PORCH GROUP INCequity	$25,671,000	–	10,027,757	–	0.25%	–
IWD	New	ISHARES TRequity	$1,908,000	–	13,164	–	0.02%	–

Q4 2021

			Value		Shares		↓ Weighting
	Exit	EngageSmart Incequity	$0	–	-140,000	–	-0.03%	–
ENS	Exit	ENERSYSequity	$0	–	-523,385	–	-0.21%	–
AYI	Exit	ACUITY BRANDS INCequity	$0	–	-240,052	–	-0.22%	–
CSL	Exit	CARLISLE COS INCequity	$0	–	-213,033	–	-0.23%	–
MLHR	Exit	MILLER HERMAN INCequity	$0	–	-1,309,028	–	-0.26%	–
JLL	Exit	JONES LANG LASALLE INCequity	$0	–	-199,326	–	-0.27%	–
ITRN	Exit	ITURAN LOCATION AND CONTROLequity	$0	–	-1,953,990	–	-0.27%	–
MEDP	Exit	MEDPACE HLDGS INCequity	$0	–	-308,504	–	-0.31%	–
PRG	Exit	PROG HOLDINGS INCequity	$0	–	-1,533,080	–	-0.35%	–
CW	Exit	CURTISS WRIGHT CORPequity	$0	–	-514,962	–	-0.35%	–
LFUS	Exit	LITTELFUSE INCequity	$0	–	-273,100	–	-0.40%	–
ABM	Exit	ABM INDS INCequity	$0	–	-1,699,988	–	-0.41%	–
PK	Exit	PARK HOTELS & RESORTS INCequity	$0	–	-4,020,246	–	-0.41%	–
	Exit	SmartRent Incequity	$0	–	-6,242,638	–	-0.44%	–
CIGI	Exit	COLLIERS INTL GROUP INCequity	$0	–	-693,535	–	-0.48%	–
VRTS	Exit	VIRTUS INVT PARTNERS INCequity	$0	–	-300,329	–	-0.50%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INCequity	$0	–	-1,392,389	–	-0.52%	–
CRNC	Exit	CERENCE INCequity	$0	–	-1,594,153	–	-0.82%	–
CWK	Exit	CUSHMAN WAKEFIELD PLCequity	$0	–	-12,413,478	–	-1.24%	–
SAP	Exit	SAP SEequity	$0	–	-2,018,211	–	-1.47%	–
ANTM	Exit	ANTHEM INCequity	$0	–	-1,168,878	–	-2.34%	–
LRCX	Exit	LAM RESEARCH CORPequity	$0	–	-896,631	–	-2.74%	–
HEIA	Exit	HEICO CORP NEWequity	$0	–	-4,417,609	–	-2.81%	–
CSGP	Exit	COSTAR GROUP INCequity	$0	–	-7,118,544	–	-3.29%	–
NVDA	Exit	NVIDIA CORPORATIONequity	$0	–	-3,242,629	–	-3.61%	–
SWKS	Exit	SKYWORKS SOLUTIONS INCequity	$0	–	-4,150,314	–	-3.68%	–
FB	Exit	FACEBOOK INCequity	$0	–	-2,111,410	–	-3.85%	–
W	Exit	WAYFAIR INCequity	$0	–	-2,813,084	–	-3.86%	–
QRVO	Exit	QORVO INCequity	$0	–	-4,336,192	–	-3.90%	–
MSFT	Exit	MICROSOFT CORPequity	$0	–	-2,647,917	–	-4.01%	–
V	Exit	VISA INCequity	$0	–	-3,421,291	–	-4.10%	–
GOOG	Exit	ALPHABET INCequity	$0	–	-290,375	–	-4.16%	–
AMAT	Exit	APPLIED MATLS INCequity	$0	–	-6,067,153	–	-4.20%	–
CG	Exit	CARLYLE GROUP INCequity	$0	–	-17,162,398	–	-4.36%	–
CRM	Exit	SALESFORCE COM INCequity	$0	–	-3,971,610	–	-5.79%	–
KKR	Exit	KKR & CO INCequity	$0	–	-18,603,128	–	-6.09%	–
AMZN	Exit	AMAZON COM INCequity	$0	–	-381,653	–	-6.74%	–
TDG	Exit	TRANSDIGM GROUP INCequity	$0	–	-2,043,693	–	-6.86%	–
MA	Exit	MASTERCARD INCORPORATEDequity	$0	–	-3,858,999	–	-7.21%	–
UPST	Exit	UPSTART HLDGS INCequity	$0	–	-4,250,461	–	-7.23%	–

Q3 2021

			Value		Shares		↓ Weighting
UPST	Buy	UPSTART HLDGS INCequity	$1,345,016,000	+608.0%	4,250,461	+179.4%	7.23%	+601.7%
MA	Buy	MASTERCARD INCORPORATEDequity	$1,341,697,000	+1.4%	3,858,999	+6.5%	7.21%	+0.5%
TDG	Buy	TRANSDIGM GROUP INCequity	$1,276,429,000	-0.1%	2,043,693	+3.6%	6.86%	-1.0%
AMZN	Buy	AMAZON COM INCequity	$1,253,746,000	-0.4%	381,653	+4.3%	6.74%	-1.3%
KKR	Sell	KKR & CO INCequity	$1,132,559,000	-11.6%	18,603,128	-14.0%	6.09%	-12.4%
CRM	Sell	SALESFORCE COM INCequity	$1,077,180,000	+8.1%	3,971,610	-2.6%	5.79%	+7.2%
CG	Sell	CARLYLE GROUP INCequity	$811,438,000	-3.7%	17,162,398	-5.3%	4.36%	-4.5%
AMAT	Buy	APPLIED MATLS INCequity	$781,025,000	+78.6%	6,067,153	+97.5%	4.20%	+76.9%
GOOG	Sell	ALPHABET INCequity	$773,939,000	+0.2%	290,375	-5.8%	4.16%	-0.7%
V	Sell	VISA INCequity	$762,092,000	-23.3%	3,421,291	-19.5%	4.10%	-24.0%
MSFT	Sell	MICROSOFT CORPequity	$746,500,000	+0.1%	2,647,917	-3.8%	4.01%	-0.7%
QRVO	Buy	QORVO INCequity	$724,968,000	-12.1%	4,336,192	+2.9%	3.90%	-12.9%
W	Buy	WAYFAIR INCequity	$718,771,000	-15.8%	2,813,084	+4.0%	3.86%	-16.6%
FB	Sell	FACEBOOK INCequity	$716,591,000	-5.6%	2,111,410	-3.3%	3.85%	-6.4%
SWKS	Buy	SKYWORKS SOLUTIONS INCequity	$683,889,000	-6.6%	4,150,314	+8.7%	3.68%	-7.4%
NVDA	Buy	NVIDIA CORPORATIONequity	$671,743,000	-28.3%	3,242,629	+177.0%	3.61%	-28.9%
CSGP	Buy	COSTAR GROUP INCequity	$612,621,000	+4.1%	7,118,544	+0.1%	3.29%	+3.1%
HEIA	Buy	HEICO CORP NEWequity	$523,178,000	-2.2%	4,417,609	+2.6%	2.81%	-3.1%
LRCX	New	LAM RESEARCH CORPequity	$510,318,000	–	896,631	–	2.74%	–
ANTM	Sell	ANTHEM INCequity	$435,757,000	-3.3%	1,168,878	-1.0%	2.34%	-4.2%
SAP	Sell	SAP SEequity	$273,277,000	-55.2%	2,018,211	-53.4%	1.47%	-55.6%
CWK	Buy	CUSHMAN WAKEFIELD PLCequity	$231,015,000	+11.9%	12,413,478	+5.0%	1.24%	+10.8%
CRNC	Sell	CERENCE INCequity	$153,214,000	-19.1%	1,594,153	-10.2%	0.82%	-19.9%
SSNC	Sell	SS&C TECHNOLOGIES HLDGS INCequity	$96,632,000	-76.9%	1,392,389	-76.0%	0.52%	-77.1%
VRTS	Buy	VIRTUS INVT PARTNERS INCequity	$93,198,000	+13.5%	300,329	+1.6%	0.50%	+12.6%
CIGI	Sell	COLLIERS INTL GROUP INCequity	$88,571,000	+13.8%	693,535	-0.2%	0.48%	+12.8%
	New	SmartRent Incequity	$81,279,000	–	6,242,638	–	0.44%	–
PK	Buy	PARK HOTELS & RESORTS INCequity	$76,948,000	+156.5%	4,020,246	+176.1%	0.41%	+154.0%
ABM	Buy	ABM INDS INCequity	$76,516,000	+21.1%	1,699,988	+19.3%	0.41%	+19.8%
LFUS	Buy	LITTELFUSE INCequity	$74,630,000	+65.9%	273,100	+54.7%	0.40%	+64.3%
CW	Buy	CURTISS WRIGHT CORPequity	$64,978,000	+27.4%	514,962	+19.9%	0.35%	+26.0%
PRG	Buy	PROG HOLDINGS INCequity	$64,405,000	+7.1%	1,533,080	+22.7%	0.35%	+6.1%
MEDP	Buy	MEDPACE HLDGS INCequity	$58,394,000	+46.8%	308,504	+37.0%	0.31%	+45.4%
ITRN	Buy	ITURAN LOCATION AND CONTROLequity	$49,612,000	-4.9%	1,953,990	+2.0%	0.27%	-5.7%
JLL	Sell	JONES LANG LASALLE INCequity	$49,451,000	-68.4%	199,326	-75.1%	0.27%	-68.6%
MLHR	Buy	MILLER HERMAN INCequity	$49,298,000	-10.4%	1,309,028	+12.2%	0.26%	-11.1%
CSL	Sell	CARLISLE COS INCequity	$42,349,000	-15.7%	213,033	-18.9%	0.23%	-16.2%
AYI	Sell	ACUITY BRANDS INCequity	$41,618,000	-8.0%	240,052	-0.8%	0.22%	-8.6%
ENS	Buy	ENERSYSequity	$38,961,000	-12.1%	523,385	+15.4%	0.21%	-12.9%
	New	EngageSmart Incequity	$4,768,000	–	140,000	–	0.03%	–
GE	Exit	General Electric Coequity	$0	–	-27,295,289	–	-1.99%	–

Q2 2021

			Value		Shares		↓ Weighting
MA	New	MASTERCARD INCORPORATEDequity	$1,323,069,000	–	3,623,953	–	7.17%	–
KKR	New	KKR & CO INCequity	$1,280,991,000	–	21,623,750	–	6.95%	–
TDG	New	TRANSDIGM GROUP INCequity	$1,277,177,000	–	1,973,114	–	6.92%	–
AMZN	New	AMAZON COM INCequity	$1,258,263,000	–	365,757	–	6.82%	–
CRM	New	SALESFORCE COM INCequity	$996,328,000	–	4,078,796	–	5.40%	–
V	New	VISA INCequity	$993,601,000	–	4,249,426	–	5.39%	–
NVDA	New	NVIDIA CORPORATIONequity	$936,452,000	–	1,170,419	–	5.08%	–
W	New	WAYFAIR INCequity	$853,930,000	–	2,704,793	–	4.63%	–
CG	New	CARLYLE GROUP INCequity	$842,254,000	–	18,120,791	–	4.57%	–
QRVO	New	QORVO INCequity	$824,860,000	–	4,215,996	–	4.47%	–
GOOG	New	ALPHABET INCequity	$772,277,000	–	308,132	–	4.19%	–
FB	New	FACEBOOK INCequity	$759,135,000	–	2,183,243	–	4.12%	–
MSFT	New	MICROSOFT CORPequity	$745,512,000	–	2,751,983	–	4.04%	–
SWKS	New	SKYWORKS SOLUTIONS INCequity	$731,969,000	–	3,817,307	–	3.97%	–
SAP	New	SAP SEequity	$610,224,000	–	4,331,564	–	3.31%	–
CSGP	New	COSTAR GROUP INCequity	$588,722,000	–	7,108,452	–	3.19%	–
HEIA	New	HEICO CORP NEWequity	$534,845,000	–	4,307,011	–	2.90%	–
ANTM	New	ANTHEM INCequity	$450,746,000	–	1,180,580	–	2.44%	–
AMAT	New	APPLIED MATLS INCequity	$437,398,000	–	3,071,614	–	2.37%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INCequity	$418,529,000	–	5,808,059	–	2.27%	–
GE	New	General Electric Coequity	$367,395,000	–	27,295,289	–	1.99%	–
CWK	New	CUSHMAN WAKEFIELD PLCequity	$206,481,000	–	11,819,175	–	1.12%	–
UPST	New	UPSTART HLDGS INCequity	$189,986,000	–	1,521,104	–	1.03%	–
CRNC	New	CERENCE INCequity	$189,359,000	–	1,774,517	–	1.03%	–
JLL	New	JONES LANG LASALLE INCequity	$156,420,000	–	800,264	–	0.85%	–
VRTS	New	VIRTUS INVT PARTNERS INCequity	$82,103,000	–	295,579	–	0.44%	–
CIGI	New	COLLIERS INTL GROUP INCequity	$77,844,000	–	695,158	–	0.42%	–
ABM	New	ABM INDS INCequity	$63,179,000	–	1,424,564	–	0.34%	–
PRG	New	PROG HOLDINGS INCequity	$60,154,000	–	1,249,816	–	0.33%	–
MLHR	New	MILLER HERMAN INCequity	$55,007,000	–	1,166,890	–	0.30%	–
ITRN	New	ITURAN LOCATION AND CONTROLequity	$52,175,000	–	1,915,365	–	0.28%	–
CW	New	CURTISS WRIGHT CORPequity	$51,006,000	–	429,485	–	0.28%	–
CSL	New	CARLISLE COS INCequity	$50,253,000	–	262,581	–	0.27%	–
AYI	New	ACUITY BRANDS INCequity	$45,255,000	–	241,965	–	0.24%	–
LFUS	New	LITTELFUSE INCequity	$44,992,000	–	176,584	–	0.24%	–
ENS	New	ENERSYSequity	$44,323,000	–	453,525	–	0.24%	–
MEDP	New	MEDPACE HLDGS INCequity	$39,773,000	–	225,176	–	0.22%	–
PK	New	PARK HOTELS & RESORTS INCequity	$30,005,000	–	1,455,832	–	0.16%	–

Q4 2020

			Value		Shares		↓ Weighting
MMI	Exit	MARCUS & MILLICHAP INCequity	$0	–	-898	–	0.00%	–
CR	Exit	CRANE COequity	$0	–	-118,145	–	-0.05%	–
CRNC	Exit	CERENCE INCequity	$0	–	-285,991	–	-0.11%	–
TKR	Exit	TIMKEN COequity	$0	–	-311,901	–	-0.13%	–
CSL	Exit	CARLISLE COS INCequity	$0	–	-212,886	–	-0.20%	–
AYI	Exit	ACUITY BRANDS INCequity	$0	–	-260,209	–	-0.21%	–
ACIW	Exit	ACI WORLDWIDE INCequity	$0	–	-1,116,718	–	-0.23%	–
KNL	Exit	KNOLL INCequity	$0	–	-2,453,722	–	-0.23%	–
ABM	Exit	ABM INDS INCequity	$0	–	-844,862	–	-0.24%	–
CW	Exit	CURTISS WRIGHT CORPequity	$0	–	-347,579	–	-0.25%	–
ITRN	Exit	ITURAN LOCATION AND CONTROLequity	$0	–	-2,525,250	–	-0.27%	–
MLHR	Exit	MILLER HERMAN INCequity	$0	–	-1,197,485	–	-0.28%	–
ORCL	Exit	ORACLE CORPequity	$0	–	-613,812	–	-0.28%	–
COHR	Exit	COHERENT INCequity	$0	–	-337,805	–	-0.29%	–
CIGI	Exit	COLLIERS INTL GROUP INCequity	$0	–	-567,658	–	-0.29%	–
ENS	Exit	ENERSYSequity	$0	–	-739,964	–	-0.39%	–
VRTS	Exit	VIRTUS INVT PARTNERS INCequity	$0	–	-360,038	–	-0.39%	–
LFUS	Exit	LITTELFUSE INCequity	$0	–	-299,340	–	-0.41%	–
PK	Exit	PARK HOTELS RESORTS INCequity	$0	–	-5,668,709	–	-0.44%	–
CWK	Exit	CUSHMAN WAKEFIELD PLCequity	$0	–	-10,278,350	–	-0.84%	–
CVS	Exit	CVS HEALTH CORPequity	$0	–	-3,051,845	–	-1.39%	–
HEIA	Exit	HEICO CORP NEWequity	$0	–	-2,123,714	–	-1.46%	–
CSGP	Exit	COSTAR GROUP INCequity	$0	–	-458,447	–	-3.02%	–
GE	Exit	GENERAL ELECTRIC COequity	$0	–	-65,115,567	–	-3.16%	–
CRM	Exit	SALESFORCE COM INCequity	$0	–	-1,792,678	–	-3.50%	–
JLL	Exit	JONES LANG LASALLE INCequity	$0	–	-4,957,714	–	-3.69%	–
ANTM	Exit	ANTHEM INCequity	$0	–	-1,832,485	–	-3.83%	–
FB	Exit	FACEBOOK INCequity	$0	–	-1,942,923	–	-3.96%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INCequity	$0	–	-6,183,758	–	-4.10%	–
CACC	Exit	CREDIT ACCEP CORP MICHequity	$0	–	-1,588,388	–	-4.18%	–
CG	Exit	CARLYLE GROUP INCequity	$0	–	-24,529,738	–	-4.71%	–
MSFT	Exit	MICROSOFT CORPequity	$0	–	-2,896,490	–	-4.74%	–
V	Exit	VISA INCequity	$0	–	-3,116,906	–	-4.85%	–
GOOG	Exit	ALPHABET INCequity	$0	–	-427,877	–	-4.89%	–
AMZN	Exit	AMAZON COM INCequity	$0	–	-280,030	–	-6.86%	–
SWKS	Exit	SKYWORKS SOLUTIONS INCequity	$0	–	-6,075,067	–	-6.87%	–
KKR	Exit	KKR & CO INCequity	$0	–	-25,789,638	–	-6.89%	–
TDG	Exit	TRANSDIGM GROUP INCequity	$0	–	-1,866,434	–	-6.90%	–
MA	Exit	MASTERCARD INCORPORATEDequity	$0	–	-2,895,575	–	-7.62%	–
QRVO	Exit	QORVO INCequity	$0	–	-7,828,179	–	-7.85%	–

Q3 2020

			Value		Shares		↓ Weighting
QRVO	Sell	QORVO INCequity	$1,009,913,000	-2.4%	7,828,179	-16.4%	7.85%	-3.5%
MA	Sell	MASTERCARD INCORPORATEDequity	$979,196,000	+12.0%	2,895,575	-2.0%	7.62%	+10.7%
TDG	Buy	TRANSDIGM GROUP INCequity	$886,780,000	+93.5%	1,866,434	+80.0%	6.90%	+91.3%
KKR	Sell	KKR & CO INCequity	$885,616,000	+5.4%	25,789,638	-5.3%	6.89%	+4.1%
SWKS	Sell	SKYWORKS SOLUTIONS INCequity	$883,922,000	-5.1%	6,075,067	-16.6%	6.87%	-6.2%
AMZN	Sell	AMAZON COM INCequity	$881,739,000	-2.3%	280,030	-14.4%	6.86%	-3.5%
GOOG	Sell	ALPHABET INCequity	$628,808,000	-32.6%	427,877	-35.1%	4.89%	-33.4%
V	Sell	VISA INCequity	$623,288,000	+1.5%	3,116,906	-2.0%	4.85%	+0.3%
MSFT	Sell	MICROSOFT CORPequity	$609,219,000	-3.8%	2,896,490	-6.9%	4.74%	-4.9%
CG	Buy	CARLYLE GROUP INCequity	$605,149,000	-10.7%	24,529,738	+1.0%	4.71%	-11.8%
CACC	Buy	CREDIT ACCEP CORP MICHequity	$537,892,000	+2.6%	1,588,388	+26.9%	4.18%	+1.4%
HLT	Sell	HILTON WORLDWIDE HLDGS INCequity	$527,598,000	+4.7%	6,183,758	-9.9%	4.10%	+3.5%
FB	Sell	FACEBOOK INCequity	$508,852,000	+8.8%	1,942,923	-5.7%	3.96%	+7.5%
ANTM	Buy	ANTHEM INCequity	$492,187,000	+2.5%	1,832,485	+0.3%	3.83%	+1.3%
JLL	Buy	JONES LANG LASALLE INCequity	$474,255,000	-5.3%	4,957,714	+2.4%	3.69%	-6.4%
CRM	Sell	SALESFORCE COM INCequity	$450,536,000	+26.1%	1,792,678	-6.0%	3.50%	+24.7%
GE	Buy	GENERAL ELECTRIC COequity	$405,670,000	+406.8%	65,115,567	+455.6%	3.16%	+400.8%
CSGP	New	COSTAR GROUP INCequity	$388,997,000	–	458,447	–	3.02%	–
HEIA	New	HEICO CORP NEWequity	$188,288,000	–	2,123,714	–	1.46%	–
CVS	Sell	CVS HEALTH CORPequity	$178,228,000	-37.4%	3,051,845	-30.4%	1.39%	-38.2%
CWK	Buy	CUSHMAN WAKEFIELD PLCequity	$108,025,000	-4.6%	10,278,350	+13.1%	0.84%	-5.7%
PK	Buy	PARK HOTELS RESORTS INCequity	$56,630,000	+2.7%	5,668,709	+1.7%	0.44%	+1.4%
LFUS	Sell	LITTELFUSE INCequity	$53,085,000	-3.3%	299,340	-6.9%	0.41%	-4.4%
VRTS	Sell	VIRTUS INVT PARTNERS INCequity	$49,919,000	+1.3%	360,038	-15.1%	0.39%	0.0%
ENS	Buy	ENERSYSequity	$49,666,000	+6.2%	739,964	+1.8%	0.39%	+4.9%
CIGI	New	COLLIERS INTL GROUP INCequity	$37,857,000	–	567,658	–	0.29%	–
COHR	Sell	COHERENT INCequity	$37,473,000	-16.6%	337,805	-1.5%	0.29%	-17.8%
ORCL	Sell	ORACLE CORPequity	$36,645,000	-87.2%	613,812	-88.1%	0.28%	-87.3%
MLHR	Sell	MILLER HERMAN INCequity	$36,116,000	+0.2%	1,197,485	-21.6%	0.28%	-1.1%
ITRN	Buy	ITURAN LOCATION AND CONTROLequity	$35,151,000	-12.7%	2,525,250	+0.5%	0.27%	-13.9%
CW	New	CURTISS WRIGHT CORPequity	$32,415,000	–	347,579	–	0.25%	–
ABM	New	ABM INDS INCequity	$30,973,000	–	844,862	–	0.24%	–
KNL	Sell	KNOLL INCequity	$29,592,000	-10.4%	2,453,722	-9.5%	0.23%	-11.5%
ACIW	Sell	ACI WORLDWIDE INCequity	$29,180,000	-7.6%	1,116,718	-4.6%	0.23%	-8.8%
AYI	Sell	ACUITY BRANDS INCequity	$26,632,000	-0.1%	260,209	-6.5%	0.21%	-1.4%
CSL	Buy	CARLISLE COS INCequity	$26,051,000	+29.5%	212,886	+26.7%	0.20%	+28.5%
TKR	Sell	TIMKEN COequity	$16,911,000	-30.8%	311,901	-42.0%	0.13%	-31.2%
CRNC	Sell	CERENCE INCequity	$13,976,000	-54.3%	285,991	-61.8%	0.11%	-54.8%
CR	Sell	CRANE COequity	$5,923,000	-80.1%	118,145	-76.4%	0.05%	-80.3%
BKNG	Exit	BOOKING HOLDINGS INCequity	$0	–	-11	–	0.00%	–
MMI	Sell	MARCUS & MILLICHAP INCequity	$25,000	-99.9%	898	-99.9%	0.00%	-100.0%
WBT	Exit	WELBILT INCequity	$0	–	-1,000	–	0.00%	–
B	Exit	BARNES GROUP INCequity	$0	–	-30	–	0.00%	–
WH	Exit	WYNDHAM HOTELS & RESORTS INCequity	$0	–	-472	–	0.00%	–
WWD	Exit	WOODWARD INCequity	$0	–	-100	–	0.00%	–
NOV	Exit	NATIONAL OILWELL VARCO INCequity	$0	–	-19,638,173	–	-1.89%	–
NVDA	Exit	NVIDIA CORPORATIONequity	$0	–	-1,107,382	–	-3.31%	–

Q2 2020

			Value		Shares		↓ Weighting
QRVO	New	QORVO INCequity	$1,034,890,000	–	9,362,981	–	8.14%	–
GOOG	New	ALPHABET INCequity	$932,680,000	–	659,786	–	7.34%	–
SWKS	New	SKYWORKS SOLUTIONS INCequity	$931,029,000	–	7,281,631	–	7.33%	–
AMZN	New	AMAZON COM INCequity	$902,926,000	–	327,287	–	7.10%	–
MA	New	MASTERCARD INCORPORATEDequity	$873,953,000	–	2,955,539	–	6.88%	–
KKR	New	KKR & CO INCequity	$840,533,000	–	27,219,320	–	6.61%	–
CG	New	CARLYLE GROUP INCequity	$677,750,000	–	24,292,103	–	5.33%	–
MSFT	New	MICROSOFT CORPequity	$633,398,000	–	3,112,366	–	4.98%	–
V	New	VISA INCequity	$614,315,000	–	3,180,179	–	4.83%	–
CACC	New	CREDIT ACCEP CORP MICHequity	$524,330,000	–	1,251,354	–	4.13%	–
HLT	New	HILTON WORLDWIDE HLDGS INCequity	$503,879,000	–	6,860,170	–	3.96%	–
JLL	New	JONES LANG LASALLE INCequity	$500,766,000	–	4,840,190	–	3.94%	–
ANTM	New	ANTHEM INCequity	$480,330,000	–	1,826,490	–	3.78%	–
FB	New	FACEBOOK INCequity	$467,759,000	–	2,059,975	–	3.68%	–
TDG	New	TRANSDIGM GROUP INCequity	$458,275,000	–	1,036,705	–	3.61%	–
NVDA	New	NVIDIA CORPORATIONequity	$420,705,000	–	1,107,382	–	3.31%	–
CRM	New	SALESFORCE COM INCequity	$357,174,000	–	1,906,655	–	2.81%	–
ORCL	New	ORACLE CORPequity	$285,924,000	–	5,173,224	–	2.25%	–
CVS	New	CVS HEALTH CORPequity	$284,829,000	–	4,384,010	–	2.24%	–
NOV	New	NATIONAL OILWELL VARCO INCequity	$240,568,000	–	19,638,173	–	1.89%	–
CWK	New	CUSHMAN WAKEFIELD PLCequity	$113,206,000	–	9,085,563	–	0.89%	–
GE	New	GENERAL ELECTRIC COequity	$80,047,000	–	11,719,875	–	0.63%	–
PK	New	PARK HOTELS RESORTS INCequity	$55,140,000	–	5,575,326	–	0.43%	–
LFUS	New	LITTELFUSE INCequity	$54,888,000	–	321,679	–	0.43%	–
VRTS	New	VIRTUS INVT PARTNERS INCequity	$49,301,000	–	423,953	–	0.39%	–
ENS	New	ENERSYSequity	$46,786,000	–	726,720	–	0.37%	–
COHR	New	COHERENT INCequity	$44,927,000	–	343,007	–	0.35%	–
ITRN	New	ITURAN LOCATION AND CONTROLequity	$40,270,000	–	2,513,763	–	0.32%	–
MLHR	New	MILLER HERMAN INCequity	$36,047,000	–	1,526,775	–	0.28%	–
KNL	New	KNOLL INCequity	$33,037,000	–	2,710,142	–	0.26%	–
ACIW	New	ACI WORLDWIDE INCequity	$31,587,000	–	1,170,325	–	0.25%	–
CRNC	New	CERENCE INCequity	$30,615,000	–	749,635	–	0.24%	–
CR	New	CRANE COequity	$29,730,000	–	500,006	–	0.23%	–
AYI	New	ACUITY BRANDS INCequity	$26,657,000	–	278,430	–	0.21%	–
MMI	New	MARCUS & MILLICHAP INCequity	$25,777,000	–	893,158	–	0.20%	–
TKR	New	TIMKEN COequity	$24,447,000	–	537,406	–	0.19%	–
CSL	New	CARLISLE COS INCequity	$20,111,000	–	168,052	–	0.16%	–
WBT	New	WELBILT INCequity	$6,000	–	1,000	–	0.00%	–
B	New	BARNES GROUP INCequity	$1,000	–	30	–	0.00%	–
WH	New	WYNDHAM HOTELS & RESORTS INCequity	$20,000	–	472	–	0.00%	–
WWD	New	WOODWARD INCequity	$8,000	–	100	–	0.00%	–
BKNG	New	BOOKING HOLDINGS INCequity	$18,000	–	11	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
BLK	Exit	BLACKROCK INC	$0	–	-38	–	0.00%	–
LSTR	Exit	LANDSTAR SYS INC	$0	–	-298	–	0.00%	–
FWRD	Exit	FORWARD AIR CORP	$0	–	-460	–	0.00%	–
TER	Exit	TERADYNE INC	$0	–	-774	–	0.00%	–
WWD	Exit	WOODWARD INC	$0	–	-472	–	0.00%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-920	–	-0.00%	–
BID	Exit	SOTHEBYS	$0	–	-2,067	–	-0.00%	–
WH	Exit	WYNDHAM HOTELS & RESORTS INC	$0	–	-189,441	–	-0.08%	–
SABR	Exit	SABRE CORP	$0	–	-755,695	–	-0.14%	–
CSL	Exit	CARLISLE COS INC	$0	–	-163,906	–	-0.20%	–
MMI	Exit	MARCUS & MILLICHAP INC	$0	–	-719,969	–	-0.22%	–
CR	Exit	CRANE CO	$0	–	-421,795	–	-0.29%	–
MSM	Exit	MSC INDL DIRECT INC	$0	–	-473,287	–	-0.29%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC	$0	–	-318,556	–	-0.30%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-733,732	–	-0.30%	–
ITRN	Exit	ITURAN LOCATION AND CONTROL	$0	–	-1,541,717	–	-0.32%	–
ENS	Exit	ENERSYS	$0	–	-643,656	–	-0.36%	–
WCC	Exit	WESCO INTL INC	$0	–	-1,006,945	–	-0.41%	–
SNBR	Exit	SLEEP NUMBER CORP	$0	–	-1,192,665	–	-0.42%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-372,381	–	-0.42%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-1,707,997	–	-0.45%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-690,586	–	-0.81%	–
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-8,381,443	–	-1.02%	–
COHR	Exit	COHERENT INC	$0	–	-804,545	–	-1.05%	–
CWK	Exit	CUSHMAN WAKEFIELD PLC	$0	–	-6,702,466	–	-1.05%	–
MAR	Exit	MARRIOTT INTL INC NEW	$0	–	-1,451,394	–	-1.53%	–
BAM	Exit	BROOKFIELD ASSET MGMT INC	$0	–	-3,815,009	–	-1.71%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-1,229,500	–	-1.88%	–
AXS	Exit	AXIS CAPITAL HOLDINGS LTD	$0	–	-3,604,245	–	-2.04%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-129,826	–	-2.16%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-3,458,794	–	-2.41%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-1,188,899	–	-2.46%	–
FB	Exit	FACEBOOK INC	$0	–	-1,639,896	–	-2.47%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-1,116,163	–	-2.51%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,658,989	–	-2.64%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-2,844,150	–	-2.88%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,864,889	–	-3.37%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,764,073	–	-3.58%	–
V	Exit	VISA INC	$0	–	-2,465,413	–	-3.59%	–
MCK	Exit	MCKESSON CORP	$0	–	-3,121,011	–	-3.61%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-4,885,903	–	-3.85%	–
MA	Exit	MASTERCARD INC	$0	–	-1,757,410	–	-4.04%	–
AMZN	Exit	AMAZON COM INC	$0	–	-306,225	–	-4.50%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,754,912	–	-4.67%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-27,503,658	–	-4.93%	–
GOOG	Exit	ALPHABET INC	$0	–	-493,989	–	-5.10%	–
NVDA	Exit	NVIDIA CORP	$0	–	-4,016,662	–	-5.92%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-9,198,635	–	-6.17%	–
KKR	Exit	KKR & CO INC	$0	–	-28,860,685	–	-6.56%	–
QRVO	Exit	QORVO INC	$0	–	-11,624,085	–	-7.29%	–

Q3 2019

			Value		Shares		↓ Weighting
QRVO	Buy	QORVO INC	$861,810,000	+19.2%	11,624,085	+7.1%	7.29%	+13.5%
KKR	Buy	KKR & CO INC	$774,909,000	+17.3%	28,860,685	+10.4%	6.56%	+11.6%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$728,992,000	+0.4%	9,198,635	-2.1%	6.17%	-4.4%
NVDA	Buy	NVIDIA CORP	$699,180,000	+10.5%	4,016,662	+4.2%	5.92%	+5.2%
GOOG	Buy	ALPHABET INC	$602,173,000	+24.0%	493,989	+10.0%	5.10%	+18.1%
NOV	Buy	NATIONAL OILWELL VARCO INC	$583,078,000	+1.7%	27,503,658	+6.7%	4.93%	-3.2%
CVS	Sell	CVS HEALTH CORP	$552,172,000	+13.5%	8,754,912	-1.9%	4.67%	+8.1%
AMZN	Buy	AMAZON COM INC	$531,579,000	+2.5%	306,225	+11.9%	4.50%	-2.4%
MA	Buy	MASTERCARD INC	$477,260,000	+13.1%	1,757,410	+10.2%	4.04%	+7.7%
HLT	Buy	HILTON WORLDWIDE HLDGS INC	$454,926,000	+9.0%	4,885,903	+14.4%	3.85%	+3.7%
MCK	Sell	MCKESSON CORP	$426,517,000	-20.6%	3,121,011	-21.9%	3.61%	-24.4%
V	Buy	VISA INC	$424,076,000	+4.9%	2,465,413	+5.8%	3.59%	-0.1%
ANTM	Buy	ANTHEM INC	$423,554,000	+27.8%	1,764,073	+50.3%	3.58%	+21.7%
MSFT	Buy	MICROSOFT CORP	$398,306,000	+12.6%	2,864,889	+8.5%	3.37%	+7.2%
UPS	Sell	UNITED PARCEL SERVICE INC	$340,786,000	-20.6%	2,844,150	-31.5%	2.88%	-24.4%
ORCL	Buy	ORACLE CORP	$311,414,000	+54.2%	5,658,989	+59.7%	2.64%	+46.8%
RE	Sell	EVEREST RE GROUP LTD	$297,000,000	+6.4%	1,116,163	-1.2%	2.51%	+1.2%
FB	Buy	FACEBOOK INC	$292,033,000	+44.5%	1,639,896	+56.6%	2.47%	+37.5%
SPGI	Sell	S&P GLOBAL INC	$291,257,000	-13.3%	1,188,899	-19.4%	2.46%	-17.4%
ABC	Buy	AMERISOURCEBERGEN CORP	$284,762,000	-3.4%	3,458,794	+0.0%	2.41%	-8.1%
BKNG	Sell	BOOKING HLDGS INC	$254,798,000	+2.5%	129,826	-2.0%	2.16%	-2.4%
AXS	Sell	AXIS CAPITAL HOLDINGS LTD	$240,475,000	+7.4%	3,604,245	-4.0%	2.04%	+2.2%
PH	Buy	PARKER HANNIFIN CORP	$222,060,000	+8.9%	1,229,500	+2.5%	1.88%	+3.6%
BAM	New	BROOKFIELD ASSET MGMT INC	$202,539,000	–	3,815,009	–	1.71%	–
MAR	Buy	MARRIOTT INTL INC NEW	$180,510,000	-10.2%	1,451,394	+1.3%	1.53%	-14.5%
CWK	Sell	CUSHMAN WAKEFIELD PLC	$124,197,000	-9.4%	6,702,466	-12.6%	1.05%	-13.8%
COHR	Sell	COHERENT INC	$123,675,000	-9.8%	804,545	-20.0%	1.05%	-14.1%
REZI	Buy	RESIDEO TECHNOLOGIES INC	$120,274,000	+39.2%	8,381,443	+112.6%	1.02%	+32.6%
JLL	Sell	JONES LANG LASALLE INC	$96,033,000	-14.2%	690,586	-13.2%	0.81%	-18.3%
ACIW	Sell	ACI WORLDWIDE INC	$53,503,000	-9.3%	1,707,997	-0.5%	0.45%	-13.5%
AYI	Sell	ACUITY BRANDS INC	$50,193,000	-11.6%	372,381	-9.5%	0.42%	-15.8%
SNBR	Sell	SLEEP NUMBER CORP	$49,281,000	-29.9%	1,192,665	-31.5%	0.42%	-33.3%
WCC	Buy	WESCO INTL INC	$48,102,000	-1.5%	1,006,945	+4.5%	0.41%	-6.2%
ENS	New	ENERSYS	$42,443,000	–	643,656	–	0.36%	–
ITRN	Sell	ITURAN LOCATION AND CONTROL	$38,219,000	-22.7%	1,541,717	-6.2%	0.32%	-26.6%
CDK	Buy	CDK GLOBAL INC	$35,285,000	+5.3%	733,732	+8.2%	0.30%	+0.3%
VRTS	Buy	VIRTUS INVT PARTNERS INC	$35,223,000	+13.8%	318,556	+10.6%	0.30%	+8.4%
MSM	Buy	MSC INDL DIRECT INC	$34,327,000	+13.2%	473,287	+15.9%	0.29%	+7.4%
CR	Buy	CRANE CO	$34,009,000	+56.2%	421,795	+61.7%	0.29%	+48.5%
MMI	New	MARCUS & MILLICHAP INC	$25,552,000	–	719,969	–	0.22%	–
CSL	Buy	CARLISLE COS INC	$23,855,000	+11.1%	163,906	+7.2%	0.20%	+5.8%
SABR	Sell	SABRE CORP	$16,924,000	-58.5%	755,695	-58.8%	0.14%	-60.5%
WH	New	WYNDHAM HOTELS & RESORTS INC	$9,802,000	–	189,441	–	0.08%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-55	–	0.00%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-465	–	0.00%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-71	–	0.00%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-532	–	0.00%	–
MCO	Exit	MOODYS CORP	$0	–	-64	–	0.00%	–
CHH	Exit	CHOICE HOTELS INTL INC	$0	–	-298	–	0.00%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-226	–	0.00%	–
CBRE	Exit	CBRE GROUP INC	$0	–	-157	–	0.00%	–
BLK	Sell	BLACKROCK INC	$17,000	-100.0%	38	-100.0%	0.00%	-100.0%
TER	Sell	TERADYNE INC	$45,000	-100.0%	774	-100.0%	0.00%	-100.0%
STT	Exit	STATE STR CORP	$0	–	-383	–	0.00%	–
AZO	Exit	AUTOZONE INC	$0	–	-33	–	0.00%	–
FTDR	Exit	FRONTDOOR INC	$0	–	-503,570	–	-0.20%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-3,474,728	–	-0.43%	–

Q2 2019

			Value		Shares		↓ Weighting
SWKS	New	SKYWORKS SOLUTIONS INC	$726,044,000	–	9,396,190	–	6.46%	–
QRVO	New	QORVO INC	$722,848,000	–	10,851,938	–	6.43%	–
KKR	New	KKR & CO INC	$660,713,000	–	26,146,140	–	5.87%	–
NVDA	New	NVIDIA CORP	$632,820,000	–	3,853,253	–	5.63%	–
NOV	New	NATIONAL OILWELL VARCO INC	$573,164,000	–	25,783,344	–	5.10%	–
MCK	New	MCKESSON CORP	$537,217,000	–	3,997,448	–	4.78%	–
AMZN	New	AMAZON COM INC	$518,434,000	–	273,778	–	4.61%	–
CVS	New	CVS HEALTH CORP	$486,412,000	–	8,926,631	–	4.32%	–
GOOG	New	ALPHABET INC	$485,471,000	–	449,132	–	4.32%	–
UPS	New	UNITED PARCEL SERVICE INC	$429,082,000	–	4,154,949	–	3.82%	–
MA	New	MASTERCARD INC	$421,870,000	–	1,594,791	–	3.75%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$417,387,000	–	4,270,379	–	3.71%	–
V	New	VISA INC	$404,261,000	–	2,329,364	–	3.59%	–
MSFT	New	MICROSOFT CORP	$353,619,000	–	2,639,735	–	3.14%	–
SPGI	New	S&P GLOBAL INC	$335,878,000	–	1,474,506	–	2.99%	–
ANTM	New	ANTHEM INC	$331,325,000	–	1,174,036	–	2.95%	–
ABC	New	AMERISOURCEBERGEN CORP	$294,864,000	–	3,458,411	–	2.62%	–
RE	New	EVEREST RE GROUP LTD	$279,144,000	–	1,129,316	–	2.48%	–
BKNG	New	BOOKING HLDGS INC	$248,478,000	–	132,542	–	2.21%	–
TER	New	TERADYNE INC	$246,090,000	–	5,136,500	–	2.19%	–
AXS	New	AXIS CAPITAL HOLDINGS LTD	$223,946,000	–	3,754,333	–	1.99%	–
PH	New	PARKER HANNIFIN CORP	$203,943,000	–	1,199,592	–	1.81%	–
FB	New	FACEBOOK INC	$202,163,000	–	1,047,475	–	1.80%	–
ORCL	New	ORACLE CORP	$201,914,000	–	3,544,220	–	1.80%	–
MAR	New	MARRIOTT INTL INC NEW	$201,009,000	–	1,432,813	–	1.79%	–
CWK	New	CUSHMAN WAKEFIELD PLC	$137,073,000	–	7,666,286	–	1.22%	–
COHR	New	COHERENT INC	$137,120,000	–	1,005,502	–	1.22%	–
JLL	New	JONES LANG LASALLE INC	$111,901,000	–	795,372	–	1.00%	–
BLK	New	BLACKROCK INC	$103,503,000	–	220,547	–	0.92%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$86,420,000	–	3,942,514	–	0.77%	–
SNBR	New	SLEEP NUMBER CORP	$70,325,000	–	1,741,153	–	0.62%	–
ACIW	New	ACI WORLDWIDE INC	$58,969,000	–	1,717,219	–	0.52%	–
AYI	New	ACUITY BRANDS INC	$56,763,000	–	411,594	–	0.50%	–
ITRN	New	ITURAN LOCATION AND CONTROL	$49,456,000	–	1,643,588	–	0.44%	–
WCC	New	WESCO INTL INC	$48,815,000	–	963,766	–	0.43%	–
DESP	New	DESPEGAR COM CORP	$48,264,000	–	3,474,728	–	0.43%	–
SABR	New	SABRE CORP	$40,766,000	–	1,836,324	–	0.36%	–
CDK	New	CDK GLOBAL INC	$33,519,000	–	677,972	–	0.30%	–
VRTS	New	VIRTUS INVT PARTNERS INC	$30,948,000	–	288,152	–	0.28%	–
MSM	New	MSC INDL DIRECT INC	$30,314,000	–	408,213	–	0.27%	–
FTDR	New	FRONTDOOR INC	$21,930,000	–	503,570	–	0.20%	–
CR	New	CRANE CO	$21,768,000	–	260,876	–	0.19%	–
CSL	New	CARLISLE COS INC	$21,466,000	–	152,884	–	0.19%	–
TPX	New	TEMPUR SEALY INTL INC	$68,000	–	920	–	0.00%	–
BID	New	SOTHEBYS	$120,000	–	2,067	–	0.00%	–
CBRE	New	CBRE GROUP INC	$8,000	–	157	–	0.00%	–
BK	New	BANK NEW YORK MELLON CORP	$23,000	–	532	–	0.00%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$26,000	–	71	–	0.00%	–
AZO	New	AUTOZONE INC	$36,000	–	33	–	0.00%	–
NTRS	New	NORTHERN TR CORP	$20,000	–	226	–	0.00%	–
MCO	New	MOODYS CORP	$13,000	–	64	–	0.00%	–
LSTR	New	LANDSTAR SYS INC	$32,000	–	298	–	0.00%	–
FWRD	New	FORWARD AIR CORP	$27,000	–	460	–	0.00%	–
STT	New	STATE STR CORP	$21,000	–	383	–	0.00%	–
CHH	New	CHOICE HOTELS INTL INC	$26,000	–	298	–	0.00%	–
CAH	New	CARDINAL HEALTH INC	$22,000	–	465	–	0.00%	–
WWD	New	WOODWARD INC	$53,000	–	472	–	0.00%	–
AXTA	New	AXALTA COATING SYS LTD	$2,000	–	55	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-2	–	0.00%	–
CBRE	Exit	CBRE GROUP INC	$0	–	-165	–	0.00%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-55	–	0.00%	–
ANTM	Exit	ANTHEM INC	$0	–	-234	–	0.00%	–
MCO	Exit	MOODYS CORP	$0	–	-264	–	0.00%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-1,087	–	0.00%	–
FWRD	Exit	FORWARD AIR CORP	$0	–	-2,035	–	-0.00%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-278	–	-0.00%	–
AZO	Exit	AUTOZONE INC	$0	–	-147	–	-0.00%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-9,511	–	-0.03%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-143,000	–	-0.04%	–
CHH	Exit	CHOICE HOTELS INTL INC	$0	–	-202,169	–	-0.12%	–
LSTR	Exit	LANDSTAR SYS INC	$0	–	-157,672	–	-0.14%	–
VSM	Exit	VERSUM MATLS INC	$0	–	-647,420	–	-0.17%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC	$0	–	-213,529	–	-0.18%	–
CR	Exit	CRANE CO	$0	–	-273,692	–	-0.20%	–
CSL	Exit	CARLISLE COS INC	$0	–	-270,340	–	-0.24%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-623,120	–	-0.24%	–
WWD	Exit	WOODWARD INC	$0	–	-457,486	–	-0.27%	–
WCC	Exit	WESCO INTL INC	$0	–	-845,095	–	-0.38%	–
MSM	Exit	MSC INDL DIRECT INC	$0	–	-625,219	–	-0.40%	–
BID	Exit	SOTHEBYS	$0	–	-1,205,447	–	-0.43%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-448,599	–	-0.52%	–
SABR	Exit	SABRE CORP	$0	–	-3,080,611	–	-0.59%	–
COHR	Exit	COHERENT INC	$0	–	-487,581	–	-0.61%	–
ITRN	Exit	ITURAN LOCATION AND CONTROL	$0	–	-2,528,092	–	-0.64%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-5,310,037	–	-0.65%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-724,570	–	-0.76%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-4,437,619	–	-0.91%	–
CWK	Exit	CUSHMAN WAKEFIELD PLC	$0	–	-7,720,162	–	-0.96%	–
SNBR	Exit	SLEEP NUMBER CORP	$0	–	-4,253,237	–	-1.14%	–
BLK	Exit	BLACKROCK INC	$0	–	-433,683	–	-1.49%	–
TER	Exit	TERADYNE INC	$0	–	-5,620,568	–	-1.52%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-1,151,891	–	-1.64%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-2,655,627	–	-1.98%	–
FB	Exit	FACEBOOK INC	$0	–	-1,739,731	–	-2.09%	–
AVGO	Exit	BROADCOM INC	$0	–	-1,357,724	–	-2.44%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-2,922,875	–	-2.49%	–
GOOG	Exit	ALPHABET INC	$0	–	-335,315	–	-2.92%	–
AXS	Exit	AXIS CAPITAL HOLDINGS LTD	$0	–	-7,245,959	–	-3.05%	–
AET	Exit	AETNA INC NEW	$0	–	-2,106,021	–	-3.12%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-1,871,731	–	-3.12%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,811,079	–	-3.34%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-5,055,296	–	-3.40%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-9,367,183	–	-3.49%	–
V	Exit	VISA INC	$0	–	-3,408,152	–	-3.73%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-6,858,532	–	-4.04%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-3,153,408	–	-4.23%	–
MA	Exit	MASTERCARD INCORPORATED	$0	–	-2,666,496	–	-4.33%	–
QRVO	Exit	QORVO INC	$0	–	-8,049,363	–	-4.52%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-6,916,497	–	-4.58%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-14,651,654	–	-4.61%	–
STT	Exit	STATE STR CORP	$0	–	-7,672,340	–	-4.69%	–
KKR	Exit	KKR & CO INC	$0	–	-25,434,592	–	-5.06%	–
MCK	Exit	MCKESSON CORP	$0	–	-5,418,972	–	-5.25%	–
ORCL	Exit	ORACLE CORP	$0	–	-24,544,389	–	-9.24%	–

Q3 2018

			Value		Shares		↓ Weighting
ORCL	Sell	ORACLE CORP	$1,265,509,000	+14.8%	24,544,389	-1.9%	9.24%	+8.3%
MCK	Buy	MCKESSON CORP	$718,827,000	+43.0%	5,418,972	+43.8%	5.25%	+34.9%
KKR	New	KKR & CO INC	$693,601,000	–	25,434,592	–	5.06%	–
STT	Buy	STATE STR CORP	$642,789,000	+39.4%	7,672,340	+54.9%	4.69%	+31.5%
NOV	Sell	NATIONAL OILWELL VARCO INC	$631,193,000	-28.3%	14,651,654	-27.7%	4.61%	-32.3%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$627,395,000	-1.4%	6,916,497	+5.1%	4.58%	-6.9%
QRVO	Buy	QORVO INC	$618,916,000	-1.0%	8,049,363	+3.2%	4.52%	-6.6%
MA	Sell	MASTERCARD INCORPORATED	$593,589,000	+5.9%	2,666,496	-6.5%	4.33%	-0.1%
PH	Sell	PARKER HANNIFIN CORP	$580,006,000	+17.1%	3,153,408	-0.8%	4.23%	+10.5%
HLT	Buy	HILTON WORLDWIDE HLDGS INC	$554,032,000	+42.4%	6,858,532	+39.5%	4.04%	+34.4%
V	Sell	VISA INC	$511,529,000	+1.6%	3,408,152	-10.4%	3.73%	-4.2%
BK	Buy	BANK NEW YORK MELLON CORP	$477,633,000	+12.5%	9,367,183	+19.0%	3.49%	+6.2%
ABC	Buy	AMERISOURCEBERGEN CORP	$466,199,000	+9.6%	5,055,296	+1.3%	3.40%	+3.4%
CVS	Sell	CVS HEALTH CORP	$457,448,000	-25.3%	5,811,079	-39.0%	3.34%	-29.6%
RE	Buy	EVEREST RE GROUP LTD	$427,634,000	+1.3%	1,871,731	+2.2%	3.12%	-4.4%
AET	Sell	AETNA INC NEW	$427,206,000	+8.7%	2,106,021	-1.7%	3.12%	+2.6%
AXS	Sell	AXIS CAPITAL HOLDINGS LTD	$418,164,000	-3.4%	7,245,959	-6.9%	3.05%	-8.8%
GOOG	Sell	ALPHABET INC	$400,188,000	-25.1%	335,315	-30.0%	2.92%	-29.4%
UPS	Buy	UNITED PARCEL SERVICE INC	$341,246,000	+10.8%	2,922,875	+0.8%	2.49%	+4.5%
AVGO	Buy	BROADCOM INC	$334,991,000	+48.9%	1,357,724	+46.4%	2.44%	+40.4%
FB	Buy	FACEBOOK INC	$286,116,000	+7.8%	1,739,731	+27.4%	2.09%	+1.7%
NTRS	Buy	NORTHERN TR CORP	$271,219,000	+4.5%	2,655,627	+5.3%	1.98%	-1.3%
SPGI	Buy	S&P GLOBAL INC	$225,068,000	-3.1%	1,151,891	+1.1%	1.64%	-8.6%
TER	Buy	TERADYNE INC	$207,849,000	+29.5%	5,620,568	+33.3%	1.52%	+22.2%
BLK	New	BLACKROCK INC	$204,408,000	–	433,683	–	1.49%	–
SNBR	Sell	SLEEP NUMBER CORP	$156,434,000	+8.4%	4,253,237	-14.5%	1.14%	+2.2%
CWK	New	CUSHMAN WAKEFIELD PLC	$131,166,000	–	7,720,162	–	0.96%	–
ACIW	Sell	ACI WORLDWIDE INC	$124,875,000	-10.2%	4,437,619	-21.3%	0.91%	-15.3%
JLL	Sell	JONES LANG LASALLE INC	$104,570,000	-20.5%	724,570	-8.5%	0.76%	-25.0%
DESP	Buy	DESPEGAR COM CORP	$89,580,000	+62.1%	5,310,037	+101.4%	0.65%	+52.8%
ITRN	Sell	ITURAN LOCATION AND CONTROL	$86,966,000	+6.0%	2,528,092	-6.4%	0.64%	+0.2%
COHR	New	COHERENT INC	$83,957,000	–	487,581	–	0.61%	–
SABR	Sell	SABRE CORP	$80,342,000	-5.0%	3,080,611	-10.2%	0.59%	-10.4%
AYI	Sell	ACUITY BRANDS INC	$70,520,000	-31.5%	448,599	-49.5%	0.52%	-35.3%
BID	Buy	SOTHEBYS	$59,296,000	+52.3%	1,205,447	+68.3%	0.43%	+43.9%
MSM	Buy	MSC INDL DIRECT INC	$55,088,000	+12.4%	625,219	+8.2%	0.40%	+6.1%
WCC	Sell	WESCO INTL INC	$51,931,000	-7.1%	845,095	-13.7%	0.38%	-12.3%
WWD	Sell	WOODWARD INC	$36,992,000	-13.6%	457,486	-17.9%	0.27%	-18.4%
TPX	Sell	TEMPUR SEALY INTL INC	$32,963,000	-49.1%	623,120	-53.8%	0.24%	-51.9%
CSL	Sell	CARLISLE COS INC	$32,927,000	-32.9%	270,340	-40.3%	0.24%	-36.8%
CR	Sell	CRANE CO	$26,918,000	-2.4%	273,692	-20.5%	0.20%	-8.0%
VRTS	Sell	VIRTUS INVT PARTNERS INC	$24,289,000	-65.0%	213,529	-60.0%	0.18%	-67.0%
VSM	Buy	VERSUM MATLS INC	$23,314,000	+12.3%	647,420	+15.8%	0.17%	+5.6%
LSTR	Buy	LANDSTAR SYS INC	$19,236,000	+379.8%	157,672	+329.5%	0.14%	+351.6%
CHH	New	CHOICE HOTELS INTL INC	$16,841,000	–	202,169	–	0.12%	–
MLHR	Sell	MILLER HERMAN INC	$5,491,000	-86.2%	143,000	-87.8%	0.04%	-87.0%
CACC	Sell	CREDIT ACCEP CORP MICH	$4,166,000	-86.6%	9,511	-89.2%	0.03%	-87.5%
FWRD	Sell	FORWARD AIR CORP	$146,000	-99.3%	2,035	-99.4%	0.00%	-99.4%
AZO	Sell	AUTOZONE INC	$114,000	+14.0%	147	-1.3%	0.00%	0.0%
MCO	Sell	MOODYS CORP	$44,000	-99.9%	264	-99.9%	0.00%	-100.0%
AHL	Sell	ASPEN INSURANCE HOLDINGS LTD	$0	-100.0%	2	-100.0%	0.00%	-100.0%
ANTM	Sell	ANTHEM INC	$64,000	-100.0%	234	-100.0%	0.00%	-100.0%
EPAC	Exit	ACTUANT CORP	$0	–	-381,441	–	-0.09%	–
DCI	Exit	DONALDSON INC	$0	–	-421,298	–	-0.15%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-1,231,447	–	-0.18%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-991,383	–	-0.32%	–
NAVG	Exit	NAVIGATORS GROUP INC	$0	–	-884,642	–	-0.39%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-15,643,574	–	-3.01%	–

Q2 2018

			Value		Shares		↓ Weighting
ORCL	New	ORACLE CORP	$1,102,360,000	–	25,019,520	–	8.53%	–
NOV	New	NATIONAL OILWELL VARCO INC	$879,904,000	–	20,274,296	–	6.81%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$636,129,000	–	6,581,779	–	4.92%	–
QRVO	New	QORVO INC	$625,174,000	–	7,798,102	–	4.84%	–
CVS	New	CVS HEALTH CORP	$612,789,000	–	9,522,744	–	4.74%	–
MA	New	MASTERCARD INCORPORATED	$560,745,000	–	2,853,374	–	4.34%	–
GOOG	New	ALPHABET INC	$534,588,000	–	479,172	–	4.14%	–
V	New	VISA INC	$503,576,000	–	3,802,012	–	3.90%	–
MCK	New	MCKESSON CORP	$502,664,000	–	3,768,099	–	3.89%	–
PH	New	PARKER HANNIFIN CORP	$495,321,000	–	3,178,193	–	3.83%	–
STT	New	STATE STR CORP	$460,985,000	–	4,952,036	–	3.57%	–
AXS	New	AXIS CAPITAL HOLDINGS LTD	$432,818,000	–	7,781,689	–	3.35%	–
ABC	New	AMERISOURCEBERGEN CORP	$425,368,000	–	4,988,485	–	3.29%	–
BK	New	BANK NEW YORK MELLON CORP	$424,494,000	–	7,871,202	–	3.28%	–
RE	New	EVEREST RE GROUP LTD	$421,945,000	–	1,830,722	–	3.26%	–
AET	New	AETNA INC NEW	$393,062,000	–	2,142,029	–	3.04%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$389,065,000	–	4,914,914	–	3.01%	–
KKR	New	KKR & CO L P DEL	$388,743,000	–	15,643,574	–	3.01%	–
UPS	New	UNITED PARCEL SERVICE INC	$308,056,000	–	2,899,895	–	2.38%	–
FB	New	FACEBOOK INC	$265,392,000	–	1,365,749	–	2.05%	–
NTRS	New	NORTHERN TR CORP	$259,509,000	–	2,522,199	–	2.01%	–
SPGI	New	S&P GLOBAL INC	$232,380,000	–	1,139,734	–	1.80%	–
AVGO	New	BROADCOM INC	$225,023,000	–	927,394	–	1.74%	–
TER	New	TERADYNE INC	$160,491,000	–	4,215,694	–	1.24%	–
ANTM	New	ANTHEM INC	$151,433,000	–	636,193	–	1.17%	–
SNBR	New	SLEEP NUMBER CORP	$144,359,000	–	4,974,464	–	1.12%	–
ACIW	New	ACI WORLDWIDE INC	$139,060,000	–	5,636,815	–	1.08%	–
JLL	New	JONES LANG LASALLE INC	$131,464,000	–	792,002	–	1.02%	–
AYI	New	ACUITY BRANDS INC	$102,932,000	–	888,340	–	0.80%	–
SABR	New	SABRE CORP	$84,544,000	–	3,431,149	–	0.65%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$83,428,000	–	2,049,823	–	0.64%	–
ITRN	New	ITURAN LOCATION AND CONTROL	$82,008,000	–	2,702,061	–	0.63%	–
VRTS	New	VIRTUS INVT PARTNERS INC	$69,475,000	–	533,272	–	0.54%	–
TPX	New	TEMPUR SEALY INTL INC	$64,808,000	–	1,348,756	–	0.50%	–
WCC	New	WESCO INTL INC	$55,892,000	–	978,838	–	0.43%	–
DESP	New	DESPEGAR COM CORP	$55,276,000	–	2,635,944	–	0.43%	–
MCO	New	MOODYS CORP	$52,726,000	–	309,137	–	0.41%	–
NAVG	New	NAVIGATORS GROUP INC	$50,425,000	–	884,642	–	0.39%	–
CSL	New	CARLISLE COS INC	$49,083,000	–	453,169	–	0.38%	–
MSM	New	MSC INDL DIRECT INC	$49,012,000	–	577,630	–	0.38%	–
WWD	New	WOODWARD INC	$42,813,000	–	557,028	–	0.33%	–
TUP	New	TUPPERWARE BRANDS CORP	$40,885,000	–	991,383	–	0.32%	–
MLHR	New	MILLER HERMAN INC	$39,800,000	–	1,174,053	–	0.31%	–
BID	New	SOTHEBYS	$38,928,000	–	716,378	–	0.30%	–
CACC	New	CREDIT ACCEP CORP MICH	$31,050,000	–	87,862	–	0.24%	–
CR	New	CRANE CO	$27,576,000	–	344,146	–	0.21%	–
OUT	New	OUTFRONT MEDIA INC	$23,952,000	–	1,231,447	–	0.18%	–
VSM	New	VERSUM MATLS INC	$20,762,000	–	558,867	–	0.16%	–
FWRD	New	FORWARD AIR CORP	$20,847,000	–	352,853	–	0.16%	–
DCI	New	DONALDSON INC	$19,009,000	–	421,298	–	0.15%	–
EPAC	New	ACTUANT CORP	$11,195,000	–	381,441	–	0.09%	–
LSTR	New	LANDSTAR SYS INC	$4,009,000	–	36,708	–	0.03%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$76,000	–	278	–	0.00%	–
AZO	New	AUTOZONE INC	$100,000	–	149	–	0.00%	–
CAH	New	CARDINAL HEALTH INC	$53,000	–	1,087	–	0.00%	–
CBRE	New	CBRE GROUP INC	$8,000	–	165	–	0.00%	–
AXTA	New	AXALTA COATING SYS LTD	$2,000	–	55	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
IWM	Exit	ISHARES TR	$0	–	-11,300	–	-0.01%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-1,174,967	–	-0.18%	–
FWRD	Exit	FORWARD AIR CORP	$0	–	-389,381	–	-0.19%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-1,083,605	–	-0.23%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-491,112	–	-0.26%	–
WPP	Exit	WPP PLC NEW	$0	–	-352,268	–	-0.28%	–
CR	Exit	CRANE CO	$0	–	-432,754	–	-0.30%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-1,004,385	–	-0.31%	–
CHH	Exit	CHOICE HOTELS INTL INC	$0	–	-597,495	–	-0.33%	–
LNN	Exit	LINDSAY CORP	$0	–	-448,868	–	-0.35%	–
EPAC	Exit	ACTUANT CORP	$0	–	-1,658,650	–	-0.36%	–
LQ	Exit	LA QUINTA HLDGS INC	$0	–	-2,443,183	–	-0.37%	–
CSL	Exit	CARLISLE COS INC	$0	–	-433,793	–	-0.37%	–
WWD	Exit	WOODWARD INC	$0	–	-635,427	–	-0.42%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC	$0	–	-439,797	–	-0.44%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-197,314	–	-0.47%	–
NAVG	Exit	NAVIGATORS GROUP INC	$0	–	-949,155	–	-0.47%	–
MSM	Exit	MSC INDL DIRECT INC	$0	–	-789,375	–	-0.51%	–
BID	Exit	SOTHEBYS	$0	–	-1,311,039	–	-0.52%	–
WCC	Exit	WESCO INTL INC	$0	–	-1,251,262	–	-0.62%	–
ITRN	Exit	ITURAN LOCATION AND CONTROL	$0	–	-2,513,628	–	-0.78%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-2,460,425	–	-0.85%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-910,077	–	-0.90%	–
SCSS	Exit	SELECT COMFORT CORP	$0	–	-4,227,174	–	-1.12%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROU	$0	–	-2,857,034	–	-1.29%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-7,167,201	–	-1.40%	–
ANTM	Exit	ANTHEM INC	$0	–	-872,391	–	-1.42%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-1,342,390	–	-1.42%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-1,120,886	–	-1.50%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-1,024,751	–	-1.54%	–
AET	Exit	AETNA INC NEW	$0	–	-1,151,223	–	-1.57%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-2,223,913	–	-1.75%	–
MCO	Exit	MOODYS CORP	$0	–	-1,494,378	–	-1.78%	–
SABR	Exit	SABRE CORP	$0	–	-14,578,427	–	-2.26%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,276,578	–	-2.36%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-3,970,356	–	-2.36%	–
CBRE	Exit	CBRE GROUP INC	$0	–	-7,835,567	–	-2.54%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-4,624,616	–	-2.65%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-5,897,318	–	-2.68%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-1,435,361	–	-2.81%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-3,354,221	–	-2.93%	–
AXS	Exit	AXIS CAPITAL HOLDINGS LTD	$0	–	-6,692,720	–	-3.28%	–
STT	Exit	STATE STR CORP	$0	–	-4,582,869	–	-3.75%	–
QRVO	Exit	QORVO INC	$0	–	-6,735,385	–	-4.08%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-5,819,707	–	-4.12%	–
GOOG	Exit	ALPHABET INC	$0	–	-521,201	–	-4.28%	–
MCK	Exit	MCKESSON CORP	$0	–	-3,306,897	–	-4.35%	–
V	Exit	VISA INC	$0	–	-5,115,625	–	-4.61%	–
MA	Exit	MASTERCARD INCORPORATED	$0	–	-3,878,629	–	-4.69%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,736,102	–	-6.08%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-22,209,508	–	-6.80%	–
ORCL	Exit	ORACLE CORP	$0	–	-21,826,461	–	-9.04%	–

Q3 2017

			Value		Shares		↓ Weighting
ORCL	Sell	ORACLE CORP	$1,055,309,000	-4.4%	21,826,461	-0.9%	9.04%	-8.2%
NOV	Buy	NATIONAL OILWELL VARCO INC	$793,545,000	+38.2%	22,209,508	+27.5%	6.80%	+32.8%
CVS	Buy	CVS HEALTH CORP	$710,419,000	+14.8%	8,736,102	+13.6%	6.08%	+10.3%
MA	Sell	MASTERCARD INCORPORATED	$547,662,000	+10.8%	3,878,629	-4.7%	4.69%	+6.5%
V	Sell	VISA INC	$538,369,000	+7.7%	5,115,625	-4.0%	4.61%	+3.5%
MCK	Buy	MCKESSON CORP	$507,972,000	-5.5%	3,306,897	+1.2%	4.35%	-9.2%
GOOG	New	ALPHABET INC	$499,889,000	–	521,201	–	4.28%	–
ABC	Buy	AMERISOURCEBERGEN CORP	$481,581,000	-3.3%	5,819,707	+10.5%	4.12%	-7.1%
QRVO	Buy	QORVO INC	$476,057,000	+91.5%	6,735,385	+71.6%	4.08%	+84.0%
STT	Sell	STATE STR CORP	$437,847,000	+2.6%	4,582,869	-3.6%	3.75%	-1.4%
AXS	Buy	AXIS CAPITAL HOLDINGS LTD	$383,560,000	-10.4%	6,692,720	+1.1%	3.28%	-13.9%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$341,795,000	+228.8%	3,354,221	+209.6%	2.93%	+216.1%
RE	Sell	EVEREST RE GROUP LTD	$327,822,000	-14.0%	1,435,361	-4.2%	2.81%	-17.4%
BK	Sell	BANK NEW YORK MELLON CORP	$312,676,000	+2.8%	5,897,318	-1.1%	2.68%	-1.3%
CAH	Buy	CARDINAL HEALTH INC	$309,479,000	-8.9%	4,624,616	+6.1%	2.65%	-12.4%
CBRE	Sell	CBRE GROUP INC	$296,811,000	+2.9%	7,835,567	-1.1%	2.54%	-1.1%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$275,742,000	+5.5%	3,970,356	-6.1%	2.36%	+1.4%
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$274,937,000	–	1,276,578	–	2.36%	–
SABR	Buy	SABRE CORP	$263,870,000	+11.0%	14,578,427	+33.5%	2.26%	+6.7%
MCO	Sell	MOODYS CORP	$208,033,000	+4.8%	1,494,378	-8.4%	1.78%	+0.7%
NTRS	Buy	NORTHERN TR CORP	$204,444,000	+20.5%	2,223,913	+27.4%	1.75%	+15.8%
AET	Sell	AETNA INC NEW	$183,056,000	-21.1%	1,151,223	-24.6%	1.57%	-24.1%
PH	Sell	PARKER HANNIFIN CORP	$179,352,000	+3.1%	1,024,751	-5.9%	1.54%	-1.0%
SPGI	Sell	S&P GLOBAL INC	$175,206,000	+0.8%	1,120,886	-5.8%	1.50%	-3.1%
JLL	Sell	JONES LANG LASALLE INC	$165,785,000	-11.3%	1,342,390	-10.3%	1.42%	-14.8%
ANTM	Sell	ANTHEM INC	$165,649,000	-47.9%	872,391	-48.4%	1.42%	-49.9%
ACIW	Sell	ACI WORLDWIDE INC	$163,269,000	-2.3%	7,167,201	-4.1%	1.40%	-6.1%
IHG	Sell	INTERCONTINENTAL HOTELS GROU	$151,108,000	-5.3%	2,857,034	-0.6%	1.29%	-9.0%
SCSS	Buy	SELECT COMFORT CORP	$131,254,000	+2.9%	4,227,174	+17.7%	1.12%	-1.1%
UTX	Buy	UNITED TECHNOLOGIES CORP	$105,642,000	+53.5%	910,077	+61.5%	0.90%	+47.6%
AHL	Sell	ASPEN INSURANCE HOLDINGS LTD	$99,401,000	-24.1%	2,460,425	-6.3%	0.85%	-27.1%
ITRN	Sell	ITURAN LOCATION AND CONTROL	$90,616,000	-15.2%	2,513,628	-26.4%	0.78%	-18.5%
WCC	Buy	WESCO INTL INC	$72,886,000	+64.6%	1,251,262	+61.9%	0.62%	+58.0%
BID	Sell	SOTHEBYS	$60,452,000	-27.4%	1,311,039	-15.5%	0.52%	-30.2%
MSM	New	MSC INDL DIRECT INC	$59,653,000	–	789,375	–	0.51%	–
NAVG	Sell	NAVIGATORS GROUP INC	$55,383,000	-29.4%	949,155	-33.6%	0.47%	-32.2%
CACC	Sell	CREDIT ACCEP CORP MICH	$55,281,000	+7.9%	197,314	-1.0%	0.47%	+3.5%
VRTS	Sell	VIRTUS INVT PARTNERS INC	$51,038,000	-38.4%	439,797	-41.1%	0.44%	-40.9%
WWD	Sell	WOODWARD INC	$49,315,000	+13.6%	635,427	-1.1%	0.42%	+9.0%
CSL	New	CARLISLE COS INC	$43,505,000	–	433,793	–	0.37%	–
LQ	Sell	LA QUINTA HLDGS INC	$42,756,000	-27.7%	2,443,183	-39.0%	0.37%	-30.6%
EPAC	Sell	ACTUANT CORP	$42,461,000	+2.8%	1,658,650	-1.3%	0.36%	-1.1%
LNN	Sell	LINDSAY CORP	$41,251,000	-18.3%	448,868	-20.7%	0.35%	-21.6%
CHH	Sell	CHOICE HOTELS INTL INC	$38,180,000	-2.6%	597,495	-2.1%	0.33%	-6.6%
MLHR	Sell	MILLER HERMAN INC	$36,057,000	+16.2%	1,004,385	-1.6%	0.31%	+12.0%
CR	Sell	CRANE CO	$34,616,000	+0.1%	432,754	-0.6%	0.30%	-3.9%
WPP	New	WPP PLC NEW	$32,691,000	–	352,268	–	0.28%	–
TUP	Sell	TUPPERWARE BRANDS CORP	$30,361,000	-28.5%	491,112	-18.7%	0.26%	-31.2%
OUT	Buy	OUTFRONT MEDIA INC	$27,285,000	+94.4%	1,083,605	+78.5%	0.23%	+87.2%
FWRD	Sell	FORWARD AIR CORP	$22,284,000	-60.6%	389,381	-63.3%	0.19%	-62.1%
THR	Sell	THERMON GROUP HLDGS INC	$21,138,000	-21.0%	1,174,967	-15.8%	0.18%	-24.3%
IWM	New	ISHARES TR	$1,674,000	–	11,300	–	0.01%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-1,583,082	–	-0.28%	–
TWX	Exit	TIME WARNER INC	$0	–	-999,172	–	-0.89%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-579,873	–	-0.96%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-10,925,555	–	-2.46%	–
BA	Exit	BOEING CO	$0	–	-1,853,511	–	-3.27%	–

Q2 2017

			Value		Shares		↓ Weighting
ORCL	New	ORACLE CORP	$1,104,427,000	–	22,026,871	–	9.84%	–
CVS	New	CVS HEALTH CORP	$618,688,000	–	7,689,383	–	5.51%	–
NOV	New	NATIONAL OILWELL VARCO INC	$574,003,000	–	17,425,713	–	5.12%	–
MCK	New	MCKESSON CORP	$537,587,000	–	3,267,211	–	4.79%	–
V	New	VISA INC	$499,673,000	–	5,328,143	–	4.45%	–
ABC	New	AMERISOURCEBERGEN CORP	$497,781,000	–	5,265,850	–	4.44%	–
MA	New	MASTERCARD INCORPORATED	$494,167,000	–	4,068,894	–	4.40%	–
AXS	New	AXIS CAPITAL HOLDINGS LTD	$427,910,000	–	6,618,307	–	3.81%	–
STT	New	STATE STR CORP	$426,547,000	–	4,753,666	–	3.80%	–
RE	New	EVEREST RE GROUP LTD	$381,365,000	–	1,497,957	–	3.40%	–
BA	New	BOEING CO	$366,531,000	–	1,853,511	–	3.27%	–
CAH	New	CARDINAL HEALTH INC	$339,532,000	–	4,357,447	–	3.03%	–
ANTM	New	ANTHEM INC	$317,867,000	–	1,689,616	–	2.83%	–
BK	New	BANK NEW YORK MELLON CORP	$304,241,000	–	5,963,174	–	2.71%	–
CBRE	New	CBRE GROUP INC	$288,407,000	–	7,923,263	–	2.57%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$275,434,000	–	10,925,555	–	2.46%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$261,454,000	–	4,227,228	–	2.33%	–
QRVO	New	QORVO INC	$248,578,000	–	3,925,736	–	2.22%	–
SABR	New	SABRE CORP	$237,756,000	–	10,921,259	–	2.12%	–
AET	New	AETNA INC NEW	$231,878,000	–	1,527,217	–	2.07%	–
MCO	New	MOODYS CORP	$198,518,000	–	1,631,472	–	1.77%	–
JLL	New	JONES LANG LASALLE INC	$186,972,000	–	1,495,773	–	1.67%	–
PH	New	PARKER HANNIFIN CORP	$173,978,000	–	1,088,587	–	1.55%	–
SPGI	New	S&P GLOBAL INC	$173,782,000	–	1,190,375	–	1.55%	–
NTRS	New	NORTHERN TR CORP	$169,642,000	–	1,745,111	–	1.51%	–
ACIW	New	ACI WORLDWIDE INC	$167,108,000	–	7,470,187	–	1.49%	–
IHG	New	INTERCONTINENTAL HOTELS GROU	$159,569,000	–	2,873,564	–	1.42%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$130,913,000	–	2,626,145	–	1.17%	–
SCSS	New	SELECT COMFORT CORP	$127,499,000	–	3,592,547	–	1.14%	–
UNH	New	UNITEDHEALTH GROUP INC	$107,520,000	–	579,873	–	0.96%	–
ITRN	New	ITURAN LOCATION AND CONTROL	$106,857,000	–	3,413,962	–	0.95%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$103,948,000	–	1,083,349	–	0.93%	–
TWX	New	TIME WARNER INC	$100,327,000	–	999,172	–	0.89%	–
BID	New	SOTHEBYS	$83,232,000	–	1,550,808	–	0.74%	–
VRTS	New	VIRTUS INVT PARTNERS INC	$82,893,000	–	747,117	–	0.74%	–
NAVG	New	NAVIGATORS GROUP INC	$78,457,000	–	1,429,087	–	0.70%	–
UTX	New	UNITED TECHNOLOGIES CORP	$68,809,000	–	563,496	–	0.61%	–
LQ	New	LA QUINTA HLDGS INC	$59,125,000	–	4,003,038	–	0.53%	–
FWRD	New	FORWARD AIR CORP	$56,499,000	–	1,060,409	–	0.50%	–
CACC	New	CREDIT ACCEP CORP MICH	$51,252,000	–	199,316	–	0.46%	–
LNN	New	LINDSAY CORP	$50,510,000	–	565,944	–	0.45%	–
WCC	New	WESCO INTL INC	$44,289,000	–	772,926	–	0.40%	–
WWD	New	WOODWARD INC	$43,417,000	–	642,457	–	0.39%	–
TUP	New	TUPPERWARE BRANDS CORP	$42,450,000	–	604,436	–	0.38%	–
EPAC	New	ACTUANT CORP	$41,320,000	–	1,679,655	–	0.37%	–
CHH	New	CHOICE HOTELS INTL INC	$39,216,000	–	610,369	–	0.35%	–
CR	New	CRANE CO	$34,571,000	–	435,510	–	0.31%	–
NCI	New	NAVIGANT CONSULTING INC	$31,282,000	–	1,583,082	–	0.28%	–
MLHR	New	MILLER HERMAN INC	$31,022,000	–	1,020,469	–	0.28%	–
THR	New	THERMON GROUP HLDGS INC	$26,760,000	–	1,395,952	–	0.24%	–
OUT	New	OUTFRONT MEDIA INC	$14,034,000	–	606,989	–	0.12%	–

Q4 2016

			Value		Shares		↓ Weighting
GOOG	Exit	ALPHABET INC	$0	–	-311	–	-0.00%	–
FB	Exit	FACEBOOK INC	$0	–	-17,000	–	-0.02%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-72,008	–	-0.09%	–
CR	Exit	CRANE CO	$0	–	-330,588	–	-0.19%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-814,585	–	-0.21%	–
DCI	Exit	DONALDSON INC	$0	–	-633,805	–	-0.22%	–
SAFT	Exit	SAFETY INS GROUP INC	$0	–	-369,797	–	-0.23%	–
MSM	Exit	MSC INDL DIRECT INC	$0	–	-385,666	–	-0.26%	–
SBH	Exit	SALLY BEAUTY HLDGS INC	$0	–	-1,255,278	–	-0.30%	–
WCC	Exit	WESCO INTL INC	$0	–	-563,787	–	-0.32%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-1,769,253	–	-0.32%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-586,536	–	-0.35%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-1,908,981	–	-0.36%	–
EV	Exit	EATON VANCE CORP	$0	–	-1,102,285	–	-0.40%	–
FWRD	Exit	FORWARD AIR CORP	$0	–	-1,042,989	–	-0.41%	–
EPAC	Exit	ACTUANT CORP	$0	–	-2,184,105	–	-0.47%	–
TKR	Exit	TIMKEN CO	$0	–	-1,546,658	–	-0.50%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-552,774	–	-0.58%	–
ENS	Exit	ENERSYS	$0	–	-926,320	–	-0.59%	–
SCSS	Exit	SELECT COMFORT CORP	$0	–	-3,391,376	–	-0.67%	–
BID	Exit	SOTHEBYS	$0	–	-1,993,127	–	-0.70%	–
LNN	Exit	LINDSAY CORP	$0	–	-1,026,611	–	-0.70%	–
NAVG	Exit	NAVIGATORS GROUP INC	$0	–	-818,691	–	-0.73%	–
WWD	Exit	WOODWARD INC	$0	–	-1,297,026	–	-0.74%	–
LQ	Exit	LA QUINTA HLDGS INC	$0	–	-7,776,044	–	-0.80%	–
ITRN	Exit	ITURAN LOCATION AND CONTROL	$0	–	-3,563,022	–	-0.87%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC	$0	–	-1,019,937	–	-0.92%	–
MAR	Exit	MARRIOTT INTL INC NEW	$0	–	-1,530,363	–	-0.95%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-1,548,186	–	-1.15%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-2,717,371	–	-1.16%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-929,431	–	-1.20%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,131,675	–	-1.34%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-1,448,171	–	-1.35%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-2,414,015	–	-1.47%	–
AET	Exit	AETNA INC NEW	$0	–	-1,472,246	–	-1.56%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-9,050,468	–	-1.61%	–
TWX	Exit	TIME WARNER INC	$0	–	-2,239,947	–	-1.64%	–
SABR	Exit	SABRE CORP	$0	–	-6,466,467	–	-1.67%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,210,903	–	-1.89%	–
CSCO	Exit	CISCO SYS INC	$0	–	-6,619,657	–	-1.93%	–
QRVO	Exit	QORVO INC	$0	–	-4,801,146	–	-2.46%	–
MCK	Exit	MCKESSON CORP	$0	–	-1,685,727	–	-2.58%	–
A104PS	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-13,846,932	–	-2.92%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-11,484,322	–	-2.93%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-8,990,975	–	-3.29%	–
STT	Exit	STATE STR CORP	$0	–	-5,205,359	–	-3.33%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-3,021,979	–	-3.48%	–
BA	Exit	BOEING CO	$0	–	-2,882,869	–	-3.49%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-5,024,088	–	-3.51%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-14,789,947	–	-3.57%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-2,069,418	–	-3.61%	–
V	Exit	VISA INC	$0	–	-4,759,914	–	-3.62%	–
ANTM	Exit	ANTHEM INC	$0	–	-3,162,047	–	-3.64%	–
MA	Exit	MASTERCARD INCORPORATED	$0	–	-3,918,387	–	-3.66%	–
AXS	Exit	AXIS CAPITAL HOLDINGS LTD	$0	–	-8,352,394	–	-4.17%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-14,189,930	–	-4.64%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-18,348,809	–	-6.19%	–
ORCL	Exit	ORACLE CORP	$0	–	-22,334,286	–	-8.06%	–

Q3 2016

			Value		Shares		↓ Weighting
ORCL	Sell	ORACLE CORP	$877,291,000	-7.7%	22,334,286	-3.8%	8.06%	-13.8%
NOV	Sell	NATIONAL OILWELL VARCO INC	$674,135,000	+5.1%	18,348,809	-3.7%	6.19%	-1.8%
BEN	Sell	FRANKLIN RES INC	$504,736,000	+5.5%	14,189,930	-1.0%	4.64%	-1.4%
AXS	Sell	AXIS CAPITAL HOLDINGS LTD	$453,786,000	-2.4%	8,352,394	-1.1%	4.17%	-8.8%
MA	Sell	MASTERCARD INCORPORATED	$398,774,000	+12.3%	3,918,387	-2.9%	3.66%	+4.8%
ANTM	Buy	ANTHEM INC	$396,236,000	+16.5%	3,162,047	+22.1%	3.64%	+8.8%
V	Sell	VISA INC	$393,645,000	+6.9%	4,759,914	-4.2%	3.62%	-0.2%
RE	Buy	EVEREST RE GROUP LTD	$393,127,000	+9.8%	2,069,418	+5.6%	3.61%	+2.6%
DISCK	Sell	DISCOVERY COMMUNICATNS NEW	$389,124,000	+9.3%	14,789,947	-1.0%	3.57%	+2.0%
SWKS	New	SKYWORKS SOLUTIONS INC	$382,534,000	–	5,024,088	–	3.51%	–
BA	Sell	BOEING CO	$379,789,000	-0.1%	2,882,869	-1.5%	3.49%	-6.7%
PH	Sell	PARKER HANNIFIN CORP	$379,349,000	-25.2%	3,021,979	-35.6%	3.48%	-30.2%
STT	Sell	STATE STR CORP	$362,449,000	-8.2%	5,205,359	-28.9%	3.33%	-14.3%
BK	Sell	BANK NEW YORK MELLON CORP	$358,560,000	-0.1%	8,990,975	-2.7%	3.29%	-6.7%
FOSL	Sell	FOSSIL GROUP INC	$318,919,000	-3.7%	11,484,322	-1.1%	2.93%	-10.1%
A104PS	Sell	HILTON WORLDWIDE HLDGS INC	$317,510,000	-20.1%	13,846,932	-21.5%	2.92%	-25.4%
MCK	New	MCKESSON CORP	$281,095,000	–	1,685,727	–	2.58%	–
QRVO	New	QORVO INC	$267,616,000	–	4,801,146	–	2.46%	–
CSCO	Sell	CISCO SYS INC	$209,976,000	-29.2%	6,619,657	-36.0%	1.93%	-33.9%
DIS	Buy	DISNEY WALT CO	$205,304,000	-1.7%	2,210,903	+3.6%	1.89%	-8.1%
SABR	Buy	SABRE CORP	$182,225,000	+38.7%	6,466,467	+31.8%	1.67%	+29.5%
TWX	Sell	TIME WARNER INC	$178,323,000	+3.7%	2,239,947	-4.2%	1.64%	-3.1%
ACIW	Buy	ACI WORLDWIDE INC	$175,398,000	+2.6%	9,050,468	+3.3%	1.61%	-4.2%
AET	Sell	AETNA INC NEW	$169,971,000	-7.3%	1,472,246	-1.9%	1.56%	-13.4%
TROW	Buy	PRICE T ROWE GROUP INC	$160,532,000	-1.5%	2,414,015	+8.0%	1.47%	-8.0%
UTX	Sell	UNITED TECHNOLOGIES CORP	$147,134,000	-3.0%	1,448,171	-2.1%	1.35%	-9.5%
QCOM	Sell	QUALCOMM INC	$146,020,000	-24.6%	2,131,675	-41.0%	1.34%	-29.6%
UNH	New	UNITEDHEALTH GROUP INC	$130,120,000	–	929,431	–	1.20%	–
AHL	Buy	ASPEN INSURANCE HOLDINGS LTD	$126,602,000	+2.9%	2,717,371	+2.4%	1.16%	-3.9%
ABC	Buy	AMERISOURCEBERGEN CORP	$125,063,000	+353.2%	1,548,186	+345.0%	1.15%	+324.0%
MAR	Sell	MARRIOTT INTL INC NEW	$103,039,000	-25.7%	1,530,363	-26.6%	0.95%	-30.6%
VRTS	Buy	VIRTUS INVT PARTNERS INC	$99,811,000	+47.0%	1,019,937	+7.0%	0.92%	+37.3%
ITRN	Sell	ITURAN LOCATION AND CONTROL	$94,278,000	+16.2%	3,563,022	-0.4%	0.87%	+8.5%
LQ	Buy	LA QUINTA HLDGS INC	$86,936,000	+28.2%	7,776,044	+30.8%	0.80%	+19.8%
WWD	Sell	WOODWARD INC	$81,038,000	-6.1%	1,297,026	-13.3%	0.74%	-12.3%
NAVG	Sell	NAVIGATORS GROUP INC	$79,348,000	-14.7%	818,691	-19.1%	0.73%	-20.3%
LNN	Buy	LINDSAY CORP	$75,949,000	+9.9%	1,026,611	+0.8%	0.70%	+2.6%
BID	Sell	SOTHEBYS	$75,779,000	+26.4%	1,993,127	-8.9%	0.70%	+18.0%
SCSS	Sell	SELECT COMFORT CORP	$73,254,000	-16.8%	3,391,376	-17.6%	0.67%	-22.3%
ENS	Buy	ENERSYS	$64,092,000	+17.5%	926,320	+1.0%	0.59%	+9.9%
JLL	Sell	JONES LANG LASALLE INC	$62,900,000	+16.4%	552,774	-0.3%	0.58%	+8.9%
TKR	Sell	TIMKEN CO	$54,350,000	+14.5%	1,546,658	-0.1%	0.50%	+6.9%
EPAC	Buy	ACTUANT CORP	$50,759,000	+29.9%	2,184,105	+26.4%	0.47%	+21.4%
FWRD	Buy	FORWARD AIR CORP	$45,120,000	-2.8%	1,042,989	+0.0%	0.41%	-9.4%
EV	Sell	EATON VANCE CORP	$43,044,000	+10.2%	1,102,285	-0.3%	0.40%	+2.9%
NCI	Buy	NAVIGANT CONSULTING INC	$38,600,000	+25.9%	1,908,981	+0.6%	0.36%	+17.5%
TUP	Sell	TUPPERWARE BRANDS CORP	$38,342,000	+15.8%	586,536	-0.3%	0.35%	+8.0%
THR	Sell	THERMON GROUP HLDGS INC	$34,943,000	-6.8%	1,769,253	-9.4%	0.32%	-13.0%
WCC	Buy	WESCO INTL INC	$34,667,000	+122.3%	563,787	+86.1%	0.32%	+107.8%
SBH	Buy	SALLY BEAUTY HLDGS INC	$32,236,000	-12.1%	1,255,278	+0.7%	0.30%	-18.0%
MSM	Sell	MSC INDL DIRECT INC	$28,312,000	+3.8%	385,666	-0.2%	0.26%	-3.0%
SAFT	Sell	SAFETY INS GROUP INC	$24,858,000	-26.8%	369,797	-33.0%	0.23%	-31.7%
DCI	Sell	DONALDSON INC	$23,660,000	+8.3%	633,805	-0.3%	0.22%	+0.9%
MLHR	Sell	MILLER HERMAN INC	$23,297,000	-4.4%	814,585	-0.0%	0.21%	-10.8%
CR	Sell	CRANE CO	$20,830,000	-48.9%	330,588	-54.0%	0.19%	-52.4%
CHE	New	CHEMED CORP NEW	$10,158,000	–	72,008	–	0.09%	–
FB	New	FACEBOOK INC	$2,181,000	–	17,000	–	0.02%	–
GOOG	New	ALPHABET INC	$242,000	–	311	–	0.00%	–
CW	Exit	CURTISS WRIGHT CORP	$0	–	-264,559	–	-0.22%	–
NUS	Exit	NU SKIN ENTERPRISES INC	$0	–	-889,275	–	-0.40%	–
DOV	Exit	DOVER CORP	$0	–	-1,298,407	–	-0.88%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LT	$0	–	-2,206,298	–	-1.73%	–

Q2 2016

			Value		Shares		↓ Weighting
ORCL	New	ORACLE CORP	$950,239,000	–	23,216,208	–	9.35%	–
NOV	New	NATIONAL OILWELL VARCO INC	$641,242,000	–	19,056,245	–	6.31%	–
PH	New	PARKER HANNIFIN CORP	$507,143,000	–	4,693,599	–	4.99%	–
BEN	New	FRANKLIN RES INC	$478,209,000	–	14,330,506	–	4.70%	–
AXS	New	AXIS CAPITAL HOLDINGS LTD	$464,721,000	–	8,449,472	–	4.57%	–
A104PS	New	HILTON WORLDWIDE HLDGS INC	$397,469,000	–	17,641,732	–	3.91%	–
STT	New	STATE STR CORP	$394,829,000	–	7,322,481	–	3.88%	–
BA	New	BOEING CO	$380,257,000	–	2,927,983	–	3.74%	–
V	New	VISA INC	$368,353,000	–	4,966,340	–	3.62%	–
BK	New	BANK NEW YORK MELLON CORP	$358,983,000	–	9,240,221	–	3.53%	–
RE	New	EVEREST RE GROUP LTD	$357,983,000	–	1,959,721	–	3.52%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$356,162,000	–	14,933,404	–	3.50%	–
MA	New	MASTERCARD INC	$355,210,000	–	4,033,732	–	3.49%	–
ANTM	New	ANTHEM INC	$340,207,000	–	2,590,276	–	3.35%	–
FOSL	New	FOSSIL GROUP INC	$331,283,000	–	11,611,725	–	3.26%	–
CSCO	New	CISCO SYS INC	$296,701,000	–	10,341,615	–	2.92%	–
DIS	New	DISNEY WALT CO	$208,782,000	–	2,134,355	–	2.05%	–
QCOM	New	QUALCOMM INC	$193,633,000	–	3,614,589	–	1.90%	–
AET	New	AETNA INC NEW	$183,317,000	–	1,501,000	–	1.80%	–
CHKP	New	CHECK POINT SOFTWARE TECH LT	$175,798,000	–	2,206,298	–	1.73%	–
TWX	New	TIME WARNER INC	$171,904,000	–	2,337,563	–	1.69%	–
ACIW	New	ACI WORLDWIDE INC	$170,902,000	–	8,759,695	–	1.68%	–
TROW	New	PRICE T ROWE GROUP INC	$163,031,000	–	2,234,209	–	1.60%	–
UTX	New	UNITED TECHNOLOGIES CORP	$151,698,000	–	1,479,259	–	1.49%	–
MAR	New	MARRIOTT INTL INC NEW	$138,646,000	–	2,086,158	–	1.36%	–
SABR	New	SABRE CORP	$131,419,000	–	4,905,528	–	1.29%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$123,079,000	–	2,653,700	–	1.21%	–
NAVG	New	NAVIGATORS GROUP INC	$93,076,000	–	1,012,029	–	0.92%	–
DOV	New	DOVER CORP	$90,005,000	–	1,298,407	–	0.88%	–
SCSS	New	SELECT COMFORT CORP	$88,019,000	–	4,116,895	–	0.87%	–
WWD	New	WOODWARD INC	$86,265,000	–	1,496,609	–	0.85%	–
ITRN	New	ITURAN LOCATION AND CONTROL	$81,146,000	–	3,576,270	–	0.80%	–
LNN	New	LINDSAY CORP	$69,091,000	–	1,018,141	–	0.68%	–
VRTS	New	VIRTUS INVT PARTNERS INC	$67,879,000	–	953,626	–	0.67%	–
LQ	New	LA QUINTA HLDGS INC	$67,787,000	–	5,946,251	–	0.67%	–
BID	New	SOTHEBYS	$59,968,000	–	2,188,595	–	0.59%	–
ENS	New	ENERSYS	$54,526,000	–	916,861	–	0.54%	–
JLL	New	JONES LANG LASALLE INC	$54,020,000	–	554,339	–	0.53%	–
TKR	New	TIMKEN CO	$47,469,000	–	1,548,244	–	0.47%	–
FWRD	New	FORWARD AIR CORP	$46,425,000	–	1,042,566	–	0.46%	–
NUS	New	NU SKIN ENTERPRISES INC	$41,076,000	–	889,275	–	0.40%	–
CR	New	CRANE CO	$40,728,000	–	718,060	–	0.40%	–
EPAC	New	ACTUANT CORP	$39,066,000	–	1,727,824	–	0.38%	–
EV	New	EATON VANCE CORP	$39,057,000	–	1,105,180	–	0.38%	–
THR	New	THERMON GROUP HLDGS INC	$37,510,000	–	1,952,620	–	0.37%	–
SBH	New	SALLY BEAUTY HLDGS INC	$36,673,000	–	1,246,957	–	0.36%	–
SAFT	New	SAFETY INS GROUP INC	$33,971,000	–	551,650	–	0.33%	–
TUP	New	TUPPERWARE BRANDS CORP	$33,103,000	–	588,189	–	0.33%	–
NCI	New	NAVIGANT CONSULTING INC	$30,658,000	–	1,898,325	–	0.30%	–
ABC	New	AMERISOURCEBERGEN CORP	$27,597,000	–	347,926	–	0.27%	–
MSM	New	MSC INDL DIRECT INC	$27,267,000	–	386,439	–	0.27%	–
MLHR	New	MILLER HERMAN INC	$24,359,000	–	814,958	–	0.24%	–
CW	New	CURTISS WRIGHT CORP	$22,289,000	–	264,559	–	0.22%	–
DCI	New	DONALDSON INC	$21,840,000	–	635,618	–	0.22%	–
WCC	New	WESCO INTL INC	$15,595,000	–	302,883	–	0.15%	–

Q4 2015

			Value		Shares		↓ Weighting
CLB	Exit	CORE LABORATORIES N V	$0	–	-171,164	–	-0.17%	–
NDAQ	Exit	NASDAQ OMX GROUP INC	$0	–	-340,285	–	-0.18%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-729,113	–	-0.20%	–
JKHY	Exit	HENRY JACK & ASSOC INC	$0	–	-304,913	–	-0.21%	–
GGG	Exit	GRACO INC	$0	–	-344,445	–	-0.22%	–
EPAC	Exit	ACTUANT CORP	$0	–	-1,548,503	–	-0.28%	–
FWRD	Exit	FORWARD AIR CORP	$0	–	-758,504	–	-0.30%	–
CR	Exit	CRANE CO	$0	–	-716,988	–	-0.32%	–
CW	Exit	CURTISS WRIGHT CORP	$0	–	-563,433	–	-0.34%	–
SAFT	Exit	SAFETY INS GROUP INC	$0	–	-651,447	–	-0.34%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-690,112	–	-0.35%	–
NDSN	Exit	NORDSON CORP	$0	–	-575,418	–	-0.35%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-2,461,578	–	-0.38%	–
DCI	Exit	DONALDSON INC	$0	–	-1,431,860	–	-0.39%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-2,130,767	–	-0.42%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC	$0	–	-531,836	–	-0.52%	–
ITRN	Exit	ITURAN LOCATION AND CONTROL	$0	–	-2,618,716	–	-0.52%	–
TKR	Exit	TIMKEN CO	$0	–	-2,311,228	–	-0.62%	–
EV	Exit	EATON VANCE CORP	$0	–	-1,926,249	–	-0.62%	–
LNN	Exit	LINDSAY CORP	$0	–	-976,428	–	-0.64%	–
WWD	Exit	WOODWARD INC	$0	–	-1,757,617	–	-0.69%	–
TWX	Exit	TIME WARNER INC	$0	–	-1,064,768	–	-0.71%	–
AAPL	Exit	APPLE INC	$0	–	-697,299	–	-0.74%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-842,288	–	-0.77%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LT	$0	–	-1,096,907	–	-0.84%	–
NAVG	Exit	NAVIGATORS GROUP INC	$0	–	-1,167,181	–	-0.88%	–
ENS	Exit	ENERSYS	$0	–	-1,707,139	–	-0.89%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-2,272,073	–	-1.02%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-2,132,481	–	-1.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-2,525,956	–	-1.06%	–
NUS	Exit	NU SKIN ENTERPRISES INC	$0	–	-2,793,956	–	-1.12%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,535,412	–	-1.52%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-8,080,610	–	-1.65%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,516,171	–	-2.06%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-3,115,392	–	-2.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,686,427	–	-2.44%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-6,530,478	–	-2.48%	–
MSM	Exit	MSC INDL DIRECT INC	$0	–	-4,213,116	–	-2.49%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,911,529	–	-2.56%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-2,440,746	–	-2.74%	–
AET	Exit	AETNA INC NEW	$0	–	-2,632,361	–	-2.79%	–
DOV	Exit	DOVER CORP	$0	–	-5,112,840	–	-2.83%	–
STT	Exit	STATE STR CORP	$0	–	-4,677,527	–	-3.05%	–
CSCO	Exit	CISCO SYS INC	$0	–	-12,634,613	–	-3.21%	–
BA	Exit	BOEING CO	$0	–	-2,629,669	–	-3.34%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-2,026,374	–	-3.40%	–
V	Exit	VISA INC	$0	–	-5,228,785	–	-3.53%	–
MA	Exit	MASTERCARD INC	$0	–	-4,069,935	–	-3.55%	–
AXS	Exit	AXIS CAPITAL HOLDINGS LTD	$0	–	-7,848,166	–	-4.09%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-11,403,387	–	-4.16%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-18,430,679	–	-4.34%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-8,673,284	–	-4.70%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-13,412,776	–	-4.84%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-7,240,325	–	-6.83%	–
ORCL	Exit	ORACLE CORP	$0	–	-23,336,085	–	-8.17%	–

Q3 2015

			Value		Shares		↓ Weighting
ORCL	Buy	ORACLE CORP	$842,899,000	+10.6%	23,336,085	+9.6%	8.17%	+13.1%
PH	Buy	PARKER HANNIFIN CORP	$704,484,000	-4.0%	7,240,325	+14.8%	6.83%	-1.7%
BEN	Buy	FRANKLIN RES INC	$499,760,000	+24.5%	13,412,776	+63.8%	4.84%	+27.4%
FOSL	Buy	FOSSIL GROUP INC	$484,663,000	+9.1%	8,673,284	+35.4%	4.70%	+11.6%
DISCK	Buy	DISCOVERY COMMUNICATNS NEW	$447,681,000	+46.6%	18,430,679	+87.6%	4.34%	+49.9%
NOV	Buy	NATIONAL OILWELL VARCO INC	$429,338,000	+14.8%	11,403,387	+47.2%	4.16%	+17.4%
AXS	Sell	AXIS CAPITAL HOLDINGS LTD	$421,604,000	-11.8%	7,848,166	-12.4%	4.09%	-9.8%
MA	Buy	MASTERCARD INC	$366,782,000	+6.1%	4,069,935	+10.0%	3.55%	+8.5%
V	Buy	VISA INC	$364,238,000	+11.7%	5,228,785	+7.7%	3.53%	+14.3%
RE	Buy	EVEREST RE GROUP LTD	$351,252,000	-0.5%	2,026,374	+4.5%	3.40%	+1.8%
BA	Buy	BOEING CO	$344,355,000	+14.0%	2,629,669	+20.7%	3.34%	+16.6%
CSCO	Buy	CISCO SYS INC	$331,659,000	+62.2%	12,634,613	+69.7%	3.21%	+66.0%
STT	Buy	STATE STR CORP	$314,377,000	-6.6%	4,677,527	+7.0%	3.05%	-4.5%
DOV	Buy	DOVER CORP	$292,352,000	+40.6%	5,112,840	+72.6%	2.83%	+43.9%
AET	Buy	AETNA INC NEW	$288,006,000	-7.7%	2,632,361	+7.5%	2.79%	-5.6%
FFIV	Buy	F5 NETWORKS INC	$282,639,000	+33.7%	2,440,746	+39.0%	2.74%	+36.8%
QCOM	Buy	QUALCOMM INC	$263,897,000	+203.1%	4,911,529	+253.3%	2.56%	+209.9%
MSM	Buy	MSC INDL DIRECT INC	$257,126,000	-5.4%	4,213,116	+8.2%	2.49%	-3.2%
BK	Buy	BANK NEW YORK MELLON CORP	$255,668,000	-3.8%	6,530,478	+3.1%	2.48%	-1.5%
MSFT	Buy	MICROSOFT CORP	$251,682,000	+8.6%	5,686,427	+8.3%	2.44%	+11.1%
TROW	Buy	PRICE T ROWE GROUP INC	$216,520,000	-3.0%	3,115,392	+8.5%	2.10%	-0.8%
ANTM	Buy	ANTHEM INC	$212,264,000	+71.7%	1,516,171	+101.3%	2.06%	+75.7%
ACIW	Sell	ACI WORLDWIDE INC	$170,662,000	-36.6%	8,080,610	-26.2%	1.65%	-35.1%
DIS	Sell	DISNEY WALT CO	$156,919,000	-42.5%	1,535,412	-35.8%	1.52%	-41.2%
NUS	Sell	NU SKIN ENTERPRISES INC	$115,335,000	-14.6%	2,793,956	-2.5%	1.12%	-12.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$109,904,000	-59.0%	2,525,956	-56.1%	1.06%	-58.0%
AHL	Sell	ASPEN INSURANCE HOLDINGS LTD	$105,583,000	-3.1%	2,272,073	-0.1%	1.02%	-0.9%
TUP	Buy	TUPPERWARE BRANDS CORP	$105,536,000	+83.6%	2,132,481	+139.5%	1.02%	+88.1%
ENS	Buy	ENERSYS	$91,469,000	-11.2%	1,707,139	+16.4%	0.89%	-9.2%
NAVG	Buy	NAVIGATORS GROUP INC	$91,017,000	+2.1%	1,167,181	+1.6%	0.88%	+4.5%
CHKP	Buy	CHECK POINT SOFTWARE TECH LT	$87,018,000	+0.8%	1,096,907	+1.1%	0.84%	+3.2%
HON	Buy	HONEYWELL INTL INC	$79,756,000	-0.5%	842,288	+7.1%	0.77%	+1.8%
AAPL	Buy	APPLE INC	$76,912,000	-5.8%	697,299	+7.1%	0.74%	-3.7%
TWX	Buy	TIME WARNER INC	$73,202,000	-10.0%	1,064,768	+14.4%	0.71%	-7.9%
WWD	Buy	WOODWARD INC	$71,535,000	+13.8%	1,757,617	+53.7%	0.69%	+16.3%
LNN	Sell	LINDSAY CORP	$66,192,000	-24.0%	976,428	-1.4%	0.64%	-22.3%
EV	Sell	EATON VANCE CORP	$64,375,000	-40.5%	1,926,249	-30.3%	0.62%	-39.1%
TKR	Buy	TIMKEN CO	$63,536,000	+237.0%	2,311,228	+348.3%	0.62%	+244.1%
ITRN	Buy	ITURAN LOCATION AND CONTROL	$53,788,000	-13.0%	2,618,716	+5.7%	0.52%	-10.9%
VRTS	Buy	VIRTUS INVT PARTNERS INC	$53,450,000	-20.1%	531,836	+5.1%	0.52%	-18.3%
THR	New	THERMON GROUP HLDGS INC	$43,787,000	–	2,130,767	–	0.42%	–
DCI	Buy	DONALDSON INC	$40,207,000	+46.7%	1,431,860	+87.0%	0.39%	+50.0%
NCI	Sell	NAVIGANT CONSULTING INC	$39,164,000	-31.6%	2,461,578	-36.1%	0.38%	-30.0%
NDSN	Buy	NORDSON CORP	$36,217,000	+183.4%	575,418	+250.7%	0.35%	+190.1%
LECO	Buy	LINCOLN ELEC HLDGS INC	$36,183,000	+99.5%	690,112	+131.7%	0.35%	+104.1%
SAFT	Buy	SAFETY INS GROUP INC	$35,276,000	+5.0%	651,447	+11.9%	0.34%	+7.5%
CW	Buy	CURTISS WRIGHT CORP	$35,169,000	-11.5%	563,433	+2.7%	0.34%	-9.3%
CR	New	CRANE CO	$33,419,000	–	716,988	–	0.32%	–
FWRD	Buy	FORWARD AIR CORP	$31,470,000	+15.3%	758,504	+45.3%	0.30%	+18.2%
EPAC	Buy	ACTUANT CORP	$28,477,000	-12.4%	1,548,503	+10.0%	0.28%	-10.4%
GGG	Buy	GRACO INC	$23,088,000	+26.7%	344,445	+34.3%	0.22%	+29.5%
JKHY	Buy	HENRY JACK & ASSOC INC	$21,225,000	+8.4%	304,913	+0.8%	0.21%	+11.4%
MLHR	Buy	MILLER HERMAN INC	$21,028,000	+86.0%	729,113	+86.6%	0.20%	+90.7%
NDAQ	Sell	NASDAQ OMX GROUP INC	$18,147,000	-93.5%	340,285	-94.1%	0.18%	-93.4%
CLB	New	CORE LABORATORIES N V	$17,082,000	–	171,164	–	0.17%	–
OMCL	Exit	OMNICELL INC	$0	–	-395,561	–	-0.14%	–
PRA	Exit	PROASSURANCE CORP	$0	–	-395,760	–	-0.17%	–
SABR	Exit	SABRE CORP	$0	–	-767,888	–	-0.17%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-147,398	–	-0.18%	–
MSCI	Exit	MSCI INC	$0	–	-319,687	–	-0.19%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-1,046,924	–	-0.65%	–
UN	Exit	UNILEVER N V	$0	–	-2,019,435	–	-0.80%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-1,943,463	–	-1.20%	–
CB	Exit	CHUBB CORP	$0	–	-2,819,115	–	-2.54%	–

Q2 2015

			Value		Shares		↓ Weighting
ORCL	New	ORACLE CORP	$762,130,000	–	21,300,751	–	7.22%	–
PH	New	PARKER HANNIFIN CORP	$733,519,000	–	6,305,505	–	6.95%	–
AXS	New	AXIS CAPITAL HOLDINGS LTD	$478,128,000	–	8,958,730	–	4.53%	–
FOSL	New	FOSSIL GROUP INC	$444,244,000	–	6,404,900	–	4.21%	–
BEN	New	FRANKLIN RES INC	$401,403,000	–	8,186,868	–	3.80%	–
NOV	New	NATIONAL OILWELL VARCO INC	$374,107,000	–	7,748,675	–	3.54%	–
RE	New	EVEREST RE GROUP LTD	$353,048,000	–	1,939,720	–	3.34%	–
MA	New	MASTERCARD INC	$345,786,000	–	3,699,041	–	3.28%	–
STT	New	STATE STR CORP	$336,582,000	–	4,371,193	–	3.19%	–
V	New	VISA INC	$325,973,000	–	4,854,396	–	3.09%	–
AET	New	AETNA INC NEW	$312,163,000	–	2,449,112	–	2.96%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$305,405,000	–	9,826,389	–	2.89%	–
BA	New	BOEING CO	$302,177,000	–	2,178,322	–	2.86%	–
NDAQ	New	NASDAQ OMX GROUP INC	$280,554,000	–	5,747,872	–	2.66%	–
DIS	New	DISNEY WALT CO	$273,023,000	–	2,392,001	–	2.59%	–
MSM	New	MSC INDL DIRECT INC	$271,743,000	–	3,894,843	–	2.57%	–
ACIW	New	ACI WORLDWIDE INC	$269,082,000	–	10,951,647	–	2.55%	–
CB	New	CHUBB CORP	$268,211,000	–	2,819,115	–	2.54%	–
VZ	New	VERIZON COMMUNICATIONS INC	$267,971,000	–	5,749,217	–	2.54%	–
BK	New	BANK NEW YORK MELLON CORP	$265,727,000	–	6,331,363	–	2.52%	–
MSFT	New	MICROSOFT CORP	$231,745,000	–	5,249,025	–	2.20%	–
TROW	New	PRICE T ROWE GROUP INC	$223,262,000	–	2,872,272	–	2.12%	–
FFIV	New	F5 NETWORKS INC	$211,346,000	–	1,756,093	–	2.00%	–
DOV	New	DOVER CORP	$207,883,000	–	2,962,141	–	1.97%	–
CSCO	New	CISCO SYS INC	$204,423,000	–	7,444,392	–	1.94%	–
NUS	New	NU SKIN ENTERPRISES INC	$135,057,000	–	2,865,627	–	1.28%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$127,044,000	–	1,943,463	–	1.20%	–
ANTM	New	ANTHEM INC	$123,620,000	–	753,137	–	1.17%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$108,918,000	–	2,273,857	–	1.03%	–
EV	New	EATON VANCE CORP	$108,142,000	–	2,763,656	–	1.02%	–
ENS	New	ENERSYS	$103,053,000	–	1,466,107	–	0.98%	–
NAVG	New	NAVIGATORS GROUP INC	$89,140,000	–	1,149,307	–	0.84%	–
QCOM	New	QUALCOMM INC	$87,073,000	–	1,390,268	–	0.82%	–
LNN	New	LINDSAY CORP	$87,046,000	–	990,176	–	0.82%	–
CHKP	New	CHECK POINT SOFTWARE TECH LT	$86,290,000	–	1,084,721	–	0.82%	–
UN	New	UNILEVER N V	$84,493,000	–	2,019,435	–	0.80%	–
AAPL	New	APPLE INC	$81,666,000	–	651,114	–	0.77%	–
TWX	New	TIME WARNER INC	$81,342,000	–	930,575	–	0.77%	–
HON	New	HONEYWELL INTL INC	$80,180,000	–	786,310	–	0.76%	–
CL	New	COLGATE PALMOLIVE CO	$68,479,000	–	1,046,924	–	0.65%	–
VRTS	New	VIRTUS INVT PARTNERS INC	$66,934,000	–	506,119	–	0.63%	–
WWD	New	WOODWARD INC	$62,876,000	–	1,143,410	–	0.60%	–
ITRN	New	ITURAN LOCATION AND CONTROL	$61,791,000	–	2,478,597	–	0.58%	–
TUP	New	TUPPERWARE BRANDS CORP	$57,469,000	–	890,443	–	0.54%	–
NCI	New	NAVIGANT CONSULTING INC	$57,291,000	–	3,852,789	–	0.54%	–
CW	New	CURTISS WRIGHT CORP	$39,744,000	–	548,641	–	0.38%	–
SAFT	New	SAFETY INS GROUP INC	$33,585,000	–	581,962	–	0.32%	–
EPAC	New	ACTUANT CORP	$32,502,000	–	1,407,625	–	0.31%	–
DCI	New	DONALDSON INC	$27,409,000	–	765,610	–	0.26%	–
FWRD	New	FORWARD AIR CORP	$27,287,000	–	522,138	–	0.26%	–
MSCI	New	MSCI INC	$19,677,000	–	319,687	–	0.19%	–
JKHY	New	HENRY JACK & ASSOC INC	$19,578,000	–	302,602	–	0.18%	–
CHE	New	CHEMED CORP NEW	$19,324,000	–	147,398	–	0.18%	–
TKR	New	TIMKEN CO	$18,853,000	–	515,527	–	0.18%	–
PRA	New	PROASSURANCE CORP	$18,288,000	–	395,760	–	0.17%	–
GGG	New	GRACO INC	$18,216,000	–	256,462	–	0.17%	–
SABR	New	SABRE CORP	$18,276,000	–	767,888	–	0.17%	–
LECO	New	LINCOLN ELEC HLDGS INC	$18,139,000	–	297,896	–	0.17%	–
OMCL	New	OMNICELL INC	$14,917,000	–	395,561	–	0.14%	–
NDSN	New	NORDSON CORP	$12,781,000	–	164,094	–	0.12%	–
MLHR	New	MILLER HERMAN INC	$11,305,000	–	390,781	–	0.11%	–

Q4 2014

			Value		Shares		↓ Weighting
XLF	Exit	SELECT SECTOR SPDR TRetf	$0	–	-800	–	0.00%	–
FDX	Exit	FEDEX CORP	$0	–	-200	–	0.00%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-400	–	0.00%	–
DNOW	Exit	NOW INC	$0	–	-100	–	0.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-400	–	0.00%	–
VGT	Exit	VANGUARD WORLD FDSetf	$0	–	-350	–	0.00%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-600	–	0.00%	–
NVS	Exit	NOVARTIS A Gadr	$0	–	-300	–	0.00%	–
XLE	Exit	SELECT SECTOR SPDR TRetf	$0	–	-450	–	-0.00%	–
SPY	Exit	SPDR S&P 500 ETF TRetf	$0	–	-6,335	–	-0.02%	–
KO	Exit	COCA COLA CO	$0	–	-245,838	–	-0.15%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-338,709	–	-0.22%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-162,323	–	-0.24%	–
WWD	Exit	WOODWARD INC	$0	–	-379,131	–	-0.26%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-845,068	–	-0.28%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC	$0	–	-132,265	–	-0.32%	–
EPAC	Exit	ACTUANT CORP	$0	–	-774,848	–	-0.34%	–
DCI	Exit	DONALDSON INC	$0	–	-587,921	–	-0.34%	–
KMG	Exit	KMG CHEMICALS INC	$0	–	-1,415,782	–	-0.36%	–
OMCL	Exit	OMNICELL INC	$0	–	-878,174	–	-0.36%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-520,006	–	-0.38%	–
EXPO	Exit	EXPONENT INC	$0	–	-366,213	–	-0.39%	–
G	Exit	GENPACT LIMITED	$0	–	-1,820,307	–	-0.44%	–
QCOM	Exit	QUALCOMM INC	$0	–	-427,721	–	-0.46%	–
FWRD	Exit	FORWARD AIR CORP	$0	–	-750,835	–	-0.48%	–
PRA	Exit	PROASSURANCE CORP	$0	–	-766,471	–	-0.50%	–
SAFT	Exit	SAFETY INS GROUP INC	$0	–	-623,353	–	-0.53%	–
UTI	Exit	UNIVERSAL TECHNICAL INST INC	$0	–	-3,456,342	–	-0.54%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-741,427	–	-0.60%	–
NCI	Exit	NAVIGANT CONSULTING INC	$0	–	-3,294,495	–	-0.66%	–
ITRN	Exit	ITURAN LOCATION AND CONTROL	$0	–	-2,367,700	–	-0.69%	–
AXS	Exit	AXIS CAPITAL HOLDINGS LTD	$0	–	-1,028,104	–	-0.69%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUadr	$0	–	-1,398,571	–	-0.73%	–
CME	Exit	CME GROUP INC	$0	–	-648,622	–	-0.75%	–
ENS	Exit	ENERSYS	$0	–	-927,038	–	-0.77%	–
NSP	Exit	INSPERITY INC	$0	–	-1,838,786	–	-0.77%	–
MRH	Exit	MONTPELIER RE HOLDINGS LTD	$0	–	-1,680,380	–	-0.78%	–
MSCI	Exit	MSCI INC	$0	–	-1,307,602	–	-0.85%	–
ROVI	Exit	ROVI CORP	$0	–	-3,223,910	–	-0.93%	–
CW	Exit	CURTISS WRIGHT CORP	$0	–	-962,049	–	-0.93%	–
DOV	Exit	DOVER CORP	$0	–	-836,266	–	-0.94%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-964,079	–	-1.00%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-1,091,606	–	-1.02%	–
AET	Exit	AETNA INC NEW	$0	–	-939,447	–	-1.06%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-1,215,617	–	-1.11%	–
NAVG	Exit	NAVIGATORS GROUP INC	$0	–	-1,338,098	–	-1.24%	–
UN	Exit	UNILEVER N Vadr	$0	–	-2,439,711	–	-1.31%	–
LNN	Exit	LINDSAY CORP	$0	–	-1,192,288	–	-1.41%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LT	$0	–	-1,440,245	–	-1.47%	–
MAR	Exit	MARRIOTT INTL INC NEW	$0	–	-1,554,792	–	-1.53%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-6,074,657	–	-1.59%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-1,243,552	–	-1.75%	–
EV	Exit	EATON VANCE CORP	$0	–	-3,555,225	–	-1.84%	–
TWX	Exit	TIME WARNER INC	$0	–	-1,735,709	–	-1.93%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,817,898	–	-1.99%	–
STT	Exit	STATE STR CORP	$0	–	-2,154,814	–	-2.20%	–
NUS	Exit	NU SKIN ENTERPRISES INC	$0	–	-3,309,723	–	-2.30%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,844,605	–	-2.33%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-3,371,413	–	-2.36%	–
V107SC	Exit	WELLPOINT INC	$0	–	-1,434,454	–	-2.46%	–
CB	Exit	CHUBB CORP	$0	–	-1,814,082	–	-2.46%	–
BA	Exit	BOEING CO	$0	–	-1,419,522	–	-2.49%	–
AAPL	Exit	APPLE INC	$0	–	-1,711,660	–	-2.54%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-4,810,215	–	-2.55%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-2,272,555	–	-2.60%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-5,496,165	–	-2.84%	–
SABR	Exit	SABRE CORP	$0	–	-11,927,442	–	-2.85%	–
NDAQ	Exit	NASDAQ OMX GROUP INC	$0	–	-5,589,838	–	-3.25%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-4,655,416	–	-3.55%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,177,836	–	-3.58%	–
MA	Exit	MASTERCARD INC	$0	–	-3,753,461	–	-3.95%	–
EBAY	Exit	EBAY INC	$0	–	-5,363,343	–	-3.97%	–
V	Exit	VISA INC	$0	–	-1,314,870	–	-3.98%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-1,823,056	–	-4.27%	–
ORCL	Exit	ORACLE CORP	$0	–	-11,908,219	–	-6.53%	–

Q3 2014

			Value		Shares		↓ Weighting
ORCL	Buy	ORACLE CORP	$458,418,000	+46.8%	11,908,219	+54.6%	6.53%	+41.3%
RE	Buy	EVEREST RE GROUP LTD	$300,186,000	+22.4%	1,823,056	+19.3%	4.27%	+17.7%
V	Buy	VISA INC	$279,860,000	+11.6%	1,314,870	+10.5%	3.98%	+7.4%
EBAY	Buy	EBAY INC	$278,662,000	+11.5%	5,363,343	+7.5%	3.97%	+7.3%
MA	Buy	MASTERCARD INC	$277,256,000	+31.5%	3,753,461	+30.8%	3.95%	+26.5%
PH	Buy	PARKER HANNIFIN CORP	$251,716,000	+522.1%	2,177,836	+576.7%	3.58%	+498.3%
BEN	Buy	FRANKLIN RES INC	$249,533,000	+4.3%	4,655,416	+12.6%	3.55%	+0.4%
NDAQ	Sell	NASDAQ OMX GROUP INC	$228,590,000	-19.4%	5,589,838	-23.9%	3.25%	-22.5%
SABR	Buy	SABRE CORP	$200,327,000	+97.5%	11,927,442	+135.8%	2.85%	+90.1%
DISCK	Buy	DISCOVERY COMMUNICATNS NEW	$199,280,000	-27.7%	5,496,165	+44.8%	2.84%	-30.4%
HOT	Sell	STARWOOD HOTELS&RESORTS WRLD	$182,849,000	-20.9%	2,272,555	-20.5%	2.60%	-23.9%
BK	Sell	BANK NEW YORK MELLON CORP	$179,406,000	-1.4%	4,810,215	-0.9%	2.55%	-5.1%
AAPL	Sell	APPLE INC	$178,424,000	-31.2%	1,711,660	-38.7%	2.54%	-33.8%
BA	New	BOEING CO	$174,621,000	–	1,419,522	–	2.49%	–
CB	Buy	CHUBB CORP	$172,591,000	+13.5%	1,814,082	+10.0%	2.46%	+9.2%
V107SC	Sell	WELLPOINT INC	$172,435,000	-19.6%	1,434,454	-28.0%	2.46%	-22.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$165,713,000	+13.4%	3,371,413	+12.8%	2.36%	+9.1%
DIS	Buy	DISNEY WALT CO	$163,363,000	+3.9%	1,844,605	+0.6%	2.33%	-0.0%
NUS	Buy	NU SKIN ENTERPRISES INC	$161,746,000	+90.9%	3,309,723	+188.9%	2.30%	+83.8%
STT	Buy	STATE STR CORP	$154,818,000	+17.6%	2,154,814	+10.1%	2.20%	+13.1%
CSCO	Sell	CISCO SYS INC	$139,813,000	-22.8%	5,817,898	-20.2%	1.99%	-25.8%
TWX	Sell	TIME WARNER INC	$135,745,000	-6.6%	1,735,709	-16.1%	1.93%	-10.1%
EV	Buy	EATON VANCE CORP	$129,055,000	+3.2%	3,555,225	+7.5%	1.84%	-0.6%
FOSL	New	FOSSIL GROUP INC	$123,215,000	–	1,243,552	–	1.75%	–
ACIW	Buy	ACI WORLDWIDE INC	$111,713,000	-3.2%	6,074,657	+193.7%	1.59%	-6.9%
MAR	Sell	MARRIOTT INTL INC NEW	$107,743,000	-4.0%	1,554,792	-11.2%	1.53%	-7.6%
CHKP	Buy	CHECK POINT SOFTWARE TECH LT	$103,232,000	+18.9%	1,440,245	+11.2%	1.47%	+14.4%
LNN	Buy	LINDSAY CORP	$99,067,000	+60.0%	1,192,288	+62.7%	1.41%	+53.9%
UN	Buy	UNILEVER N Vadr	$92,090,000	+4.9%	2,439,711	+21.6%	1.31%	+0.9%
NAVG	Buy	NAVIGATORS GROUP INC	$86,843,000	+0.4%	1,338,098	+3.7%	1.24%	-3.4%
TUP	Buy	TUPPERWARE BRANDS CORP	$77,727,000	+59.9%	1,215,617	+109.3%	1.11%	+54.0%
AET	Sell	AETNA INC NEW	$74,514,000	-24.8%	939,447	-23.1%	1.06%	-27.6%
CL	New	COLGATE PALMOLIVE CO	$71,326,000	–	1,091,606	–	1.02%	–
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$70,222,000	+23.3%	964,079	+17.3%	1.00%	+18.6%
DOV	Sell	DOVER CORP	$65,779,000	-37.2%	836,266	-27.4%	0.94%	-39.6%
CW	Buy	CURTISS WRIGHT CORP	$65,265,000	+12.4%	962,049	+8.6%	0.93%	+8.1%
ROVI	Sell	ROVI CORP	$65,026,000	-19.5%	3,223,910	-4.4%	0.93%	-22.6%
MSCI	Buy	MSCI INC	$59,927,000	+208.6%	1,307,602	+208.7%	0.85%	+197.2%
MRH	Sell	MONTPELIER RE HOLDINGS LTD	$54,772,000	-5.8%	1,680,380	-7.6%	0.78%	-9.3%
NSP	Sell	INSPERITY INC	$54,042,000	-17.5%	1,838,786	-7.4%	0.77%	-20.6%
ENS	Buy	ENERSYS	$53,898,000	+6.4%	927,038	+25.9%	0.77%	+2.4%
CME	Sell	CME GROUP INC	$52,851,000	-49.7%	648,622	-56.2%	0.75%	-51.6%
IHG	New	INTERCONTINENTAL HOTELS GROUadr	$51,329,000	–	1,398,571	–	0.73%	–
AXS	New	AXIS CAPITAL HOLDINGS LTD	$48,654,000	–	1,028,104	–	0.69%	–
ITRN	Buy	ITURAN LOCATION AND CONTROL	$48,348,000	+0.3%	2,367,700	+19.6%	0.69%	-3.5%
NCI	Buy	NAVIGANT CONSULTING INC	$46,584,000	+12.2%	3,294,495	+38.4%	0.66%	+8.0%
FICO	Sell	FAIR ISAAC CORP	$42,158,000	-21.9%	741,427	-12.4%	0.60%	-24.8%
UTI	Sell	UNIVERSAL TECHNICAL INST INC	$38,054,000	-9.7%	3,456,342	-0.4%	0.54%	-13.0%
SAFT	Buy	SAFETY INS GROUP INC	$37,445,000	+19.8%	623,353	+2.4%	0.53%	+15.1%
PRA	Sell	PROASSURANCE CORP	$35,189,000	-5.7%	766,471	-8.8%	0.50%	-9.2%
FWRD	Sell	FORWARD AIR CORP	$33,983,000	-11.5%	750,835	-6.5%	0.48%	-14.8%
QCOM	Sell	QUALCOMM INC	$31,961,000	-81.5%	427,721	-80.4%	0.46%	-82.2%
G	Buy	GENPACT LIMITED	$30,636,000	+7.6%	1,820,307	+12.1%	0.44%	+3.6%
EXPO	Buy	EXPONENT INC	$27,466,000	+48.1%	366,213	+46.4%	0.39%	+42.7%
RGR	New	STURM RUGER & CO INC	$26,760,000	–	520,006	–	0.38%	–
OMCL	Sell	OMNICELL INC	$25,116,000	-16.2%	878,174	-15.8%	0.36%	-19.2%
KMG	Sell	KMG CHEMICALS INC	$25,045,000	-6.6%	1,415,782	-5.1%	0.36%	-10.1%
DCI	Sell	DONALDSON INC	$23,593,000	-10.1%	587,921	-5.2%	0.34%	-13.4%
EPAC	New	ACTUANT CORP	$23,524,000	–	774,848	–	0.34%	–
VRTS	Sell	VIRTUS INVT PARTNERS INC	$22,228,000	-58.1%	132,265	-47.3%	0.32%	-59.8%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$19,834,000	-54.8%	845,068	-52.5%	0.28%	-56.5%
WWD	Sell	WOODWARD INC	$18,251,000	-49.9%	379,131	-47.8%	0.26%	-51.8%
CHE	Sell	CHEMED CORP NEW	$16,794,000	-76.4%	162,323	-78.6%	0.24%	-77.3%
AVY	New	AVERY DENNISON CORP	$15,513,000	–	338,709	–	0.22%	–
KO	Sell	COCA COLA CO	$10,481,000	-74.9%	245,838	-75.0%	0.15%	-75.9%
SPY	New	SPDR S&P 500 ETF TRetf	$1,248,000	–	6,335	–	0.02%	–
XLE	New	SELECT SECTOR SPDR TRetf	$41,000	–	450	–	0.00%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS INC	$0	–	-1,690	–	0.00%	–
XLF	New	SELECT SECTOR SPDR TRetf	$19,000	–	800	–	0.00%	–
SYMC	Sell	SYMANTEC CORP	$14,000	-58.8%	600	-60.0%	0.00%	-100.0%
DNOW	New	NOW INC	$3,000	–	100	–	0.00%	–
VGT	New	VANGUARD WORLD FDSetf	$35,000	–	350	–	0.00%	–
NVS	Sell	NOVARTIS A Gadr	$28,000	-47.2%	300	-48.3%	0.00%	-100.0%
NOV	New	NATIONAL OILWELL VARCO INC	$30,000	–	400	–	0.00%	–
JPM	New	JPMORGAN CHASE & CO	$24,000	–	400	–	0.00%	–
FDX	New	FEDEX CORP	$32,000	–	200	–	0.00%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,235	–	0.00%	–
CELG	Exit	CELGENE CORPORATION	$0	–	-205	–	0.00%	–
ALLT	Exit	ALLOT COMMUNICATIONS LTD	$0	–	-640	–	0.00%	–
SAPE	Exit	SAPIENT CORPORATION	$0	–	-1,930	–	0.00%	–
FMI	Exit	FOUNDATION MEDICINE INC	$0	–	-600	–	0.00%	–
EPIQ	Exit	EPIQ SYSTEMS INC	$0	–	-1,320	–	0.00%	–
UNFI	Exit	UNITED NATURAL FOODS INC	$0	–	-505	–	0.00%	–
GOOGL	Exit	GOOGLE INC - CLASS A	$0	–	-40	–	0.00%	–
ABT	Exit	ABBOTT LABS	$0	–	-785	–	0.00%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-260	–	0.00%	–
TIME	Exit	TIME INC	$0	–	-517	–	0.00%	–
KYOCY	Exit	KYOCERA CORP (ADR)	$0	–	-555	–	0.00%	–
GOOG	Exit	GOOGLE INC - CLASS C	$0	–	-40	–	0.00%	–
F	Exit	FORD MOTOR CO.	$0	–	-2,440	–	-0.00%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-370	–	-0.00%	–
WFC	Exit	WELLS FARGO & COMPANY	$0	–	-860	–	-0.00%	–
EMC	Exit	EMC CORPORATION	$0	–	-1,855	–	-0.00%	–
PNC	Exit	THE PNC FINANCIAL SERVICES GROUP INC.	$0	–	-574	–	-0.00%	–
HMC	Exit	HONDA MOTOR CO LTD	$0	–	-1,035	–	-0.00%	–
DE	Exit	DEERE & COMPANY	$0	–	-430	–	-0.00%	–
POR	Exit	PORTLAND GENERAL ELECTRIC COMPANY	$0	–	-1,195	–	-0.00%	–
CERN	Exit	CERNER CORPORATION	$0	–	-650	–	-0.00%	–
XRX	Exit	XEROX CORPORATION	$0	–	-2,750	–	-0.00%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-545	–	-0.00%	–
ABBV	Exit	ABBVIE INC.	$0	–	-785	–	-0.00%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-475	–	-0.00%	–
KUBTY	Exit	KUBOTA CORPORATION (ADR)	$0	–	-590	–	-0.00%	–
INTC	Exit	INTEL CORPORATION	$0	–	-1,570	–	-0.00%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-515	–	-0.00%	–
GIS	Exit	GENERAL MILLS, INC.	$0	–	-650	–	-0.00%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-840	–	-0.00%	–
BDX	Exit	BECTON DICKINSON AND COMPANY	$0	–	-425	–	-0.00%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-598	–	-0.00%	–
T	Exit	AT&T INC	$0	–	-1,240	–	-0.00%	–
INTU	Exit	INTUIT INC	$0	–	-480	–	-0.00%	–
USB	Exit	U.S. BANCORP	$0	–	-1,030	–	-0.00%	–
AVA	Exit	AVISTA CORPORATION	$0	–	-1,525	–	-0.00%	–
SCSS	Exit	SELECT COMFORT CORPORATION	$0	–	-717,956	–	-0.22%	–
ALB	Exit	ALBEMARLE CORPORATION	$0	–	-268,352	–	-0.28%	–
HPY	Exit	HEARTLAND PMT SYS	$0	–	-885,362	–	-0.54%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP PLC (ADR)	$0	–	-3,330,897	–	-2.05%	–
J105SC	Exit	CONVERSANT INC	$0	–	-7,474,765	–	-2.81%	–

Q2 2014

			Value		Shares		↓ Weighting
ORCL	New	ORACLE CORPORATION	$312,271,000	–	7,704,677	–	4.62%	–
NDAQ	New	NASDAQ STOCK MKT INC	$283,656,000	–	7,344,784	–	4.20%	–
DISCK	New	DISCOVERY COMMUNICATIONS - C	$275,448,000	–	3,794,575	–	4.08%	–
AAPL	New	APPLE INC	$259,459,000	–	2,791,979	–	3.84%	–
V	New	VISA INC	$250,782,000	–	1,190,175	–	3.71%	–
EBAY	New	EBAY INC	$249,865,000	–	4,991,303	–	3.70%	–
RE	New	EVEREST RE GROUP LTD	$245,341,000	–	1,528,698	–	3.63%	–
BEN	New	FRANKLIN RESOURCES INC	$239,234,000	–	4,136,130	–	3.54%	–
HOT	New	STARWOOD HOTELS & RESORTS WORLDWIDE INC	$231,080,000	–	2,859,190	–	3.42%	–
V107SC	New	WELLPOINT INC.	$214,477,000	–	1,993,097	–	3.17%	–
MA	New	MASTERCARD INC	$210,851,000	–	2,869,895	–	3.12%	–
J105SC	New	CONVERSANT INC	$189,859,000	–	7,474,765	–	2.81%	–
BK	New	BANK OF NEW YORK MELLON CORP	$181,891,000	–	4,853,002	–	2.69%	–
CSCO	New	CISCO SYSTEMS INC	$181,205,000	–	7,291,952	–	2.68%	–
QCOM	New	QUALCOMM INC	$172,610,000	–	2,179,425	–	2.55%	–
DIS	New	DISNEY (WALT) COMPANY	$157,264,000	–	1,834,197	–	2.33%	–
CB	New	CHUBB CORP	$152,024,000	–	1,649,386	–	2.25%	–
VZ	New	VERIZON COMMUNICATIONS INC.	$146,179,000	–	2,987,522	–	2.16%	–
TWX	New	TIME WARNER INC	$145,319,000	–	2,068,600	–	2.15%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP PLC (ADR)	$138,266,000	–	3,330,897	–	2.05%	–
STT	New	STATE STREET CORPORATION	$131,638,000	–	1,957,149	–	1.95%	–
EV	New	EATON VANCE CORP	$124,998,000	–	3,307,706	–	1.85%	–
ACIW	New	ACI WORLDWIDE INC	$115,459,000	–	2,068,049	–	1.71%	–
MAR	New	MARRIOTT INTERNATIONAL INC	$112,282,000	–	1,751,669	–	1.66%	–
CME	New	CME GROUP INC	$105,022,000	–	1,480,225	–	1.55%	–
DOV	New	DOVER CORP	$104,776,000	–	1,152,017	–	1.55%	–
SABR	New	SABRE CORPORATION	$101,415,000	–	5,058,124	–	1.50%	–
AET	New	AETNA INC	$99,033,000	–	1,221,425	–	1.46%	–
UN	New	UNILEVER N.V. (ADR)	$87,787,000	–	2,006,108	–	1.30%	–
CHKP	New	CHECK POINT SOFTWARE TECHNOLOGIES LTD	$86,830,000	–	1,295,395	–	1.28%	–
NAVG	New	NAVIGATORS GROUP INC	$86,508,000	–	1,290,201	–	1.28%	–
NUS	New	NU SKIN ENTERPRISES INC.	$84,724,000	–	1,145,536	–	1.25%	–
ROVI	New	ROVI CORPORATION	$80,825,000	–	3,373,343	–	1.20%	–
CHE	New	CHEMED CORP	$71,025,000	–	757,841	–	1.05%	–
NSP	New	INSPERITY INC.	$65,529,000	–	1,985,716	–	0.97%	–
LNN	New	LINDSAY CORPORATION	$61,907,000	–	732,884	–	0.92%	–
MRH	New	MONTPELIER RE HOLDINGS LTD	$58,119,000	–	1,819,075	–	0.86%	–
CW	New	CURTISS-WRIGHT CORP	$58,077,000	–	885,867	–	0.86%	–
ESRX	New	EXPRESS SCRIPTS HOLDING COMPANY	$56,966,000	–	821,661	–	0.84%	–
FICO	New	FAIR ISAAC CORP	$53,965,000	–	846,381	–	0.80%	–
VRTS	New	VIRTUS INVESTMENT PARTNERS INC	$53,110,000	–	250,813	–	0.79%	–
ENS	New	ENERSYS	$50,656,000	–	736,382	–	0.75%	–
TUP	New	TUPPERWARE BRANDS CORPORATION	$48,609,000	–	580,747	–	0.72%	–
ITRN	New	ITURAN LOCATION & CONTROL LTD	$48,214,000	–	1,980,049	–	0.71%	–
LYV	New	LIVE NATION ENTERTAINMENT INC	$43,889,000	–	1,777,620	–	0.65%	–
UTI	New	UNIVERSAL TECHNICAL INSTITUTE INC.	$42,120,000	–	3,469,530	–	0.62%	–
KO	New	COCA-COLA CO	$41,730,000	–	985,128	–	0.62%	–
NCI	New	NAVIGANT CONSULTING INC	$41,531,000	–	2,380,009	–	0.61%	–
PH	New	PARKER HANNIFIN CORP	$40,463,000	–	321,825	–	0.60%	–
FWRD	New	FORWARD AIR CORP	$38,420,000	–	802,917	–	0.57%	–
PRA	New	PROASSURANCE CORP	$37,297,000	–	840,012	–	0.55%	–
HPY	New	HEARTLAND PMT SYS	$36,486,000	–	885,362	–	0.54%	–
WWD	New	WOODWARD INC	$36,444,000	–	726,264	–	0.54%	–
SAFT	New	SAFETY INSURANCE GROUP INC	$31,264,000	–	608,485	–	0.46%	–
OMCL	New	OMNICELL, INC.	$29,960,000	–	1,043,553	–	0.44%	–
G	New	GENPACT LIMITED	$28,473,000	–	1,624,216	–	0.42%	–
KMG	New	KMG CHEMICALS I	$26,827,000	–	1,492,067	–	0.40%	–
DCI	New	DONALDSON CO	$26,248,000	–	620,226	–	0.39%	–
MSCI	New	MSCI INC	$19,419,000	–	423,523	–	0.29%	–
ALB	New	ALBEMARLE CORPORATION	$19,187,000	–	268,352	–	0.28%	–
EXPO	New	EXPONENT INC.	$18,542,000	–	250,191	–	0.27%	–
SCSS	New	SELECT COMFORT CORPORATION	$14,833,000	–	717,956	–	0.22%	–
EMC	New	EMC CORPORATION	$49,000	–	1,855	–	0.00%	–
NVS	New	NOVARTIS AG (ADR)	$53,000	–	580	–	0.00%	–
KUBTY	New	KUBOTA CORPORATION (ADR)	$42,000	–	590	–	0.00%	–
INTC	New	INTEL CORPORATION	$49,000	–	1,570	–	0.00%	–
HMC	New	HONDA MOTOR CO LTD	$36,000	–	1,035	–	0.00%	–
GIS	New	GENERAL MILLS, INC.	$34,000	–	650	–	0.00%	–
INTU	New	INTUIT INC	$39,000	–	480	–	0.00%	–
T	New	AT&T INC	$44,000	–	1,240	–	0.00%	–
F	New	FORD MOTOR CO.	$42,000	–	2,440	–	0.00%	–
PNC	New	THE PNC FINANCIAL SERVICES GROUP INC.	$51,000	–	574	–	0.00%	–
FFIV	New	F5 NETWORKS INC	$41,000	–	370	–	0.00%	–
POR	New	PORTLAND GENERAL ELECTRIC COMPANY	$41,000	–	1,195	–	0.00%	–
PG	New	PROCTER & GAMBLE	$47,000	–	598	–	0.00%	–
DE	New	DEERE & COMPANY	$39,000	–	430	–	0.00%	–
SYK	New	STRYKER CORPORATION	$43,000	–	515	–	0.00%	–
SYMC	New	SYMANTEC CORPORATION	$34,000	–	1,500	–	0.00%	–
ED	New	CONSOLIDATED EDISON INC	$49,000	–	840	–	0.00%	–
CERN	New	CERNER CORPORATION	$34,000	–	650	–	0.00%	–
USB	New	U.S. BANCORP	$45,000	–	1,030	–	0.00%	–
CVS	New	CVS CAREMARK CORPORATION	$36,000	–	475	–	0.00%	–
BDX	New	BECTON DICKINSON AND COMPANY	$50,000	–	425	–	0.00%	–
BMO	New	BANK OF MONTREAL	$40,000	–	545	–	0.00%	–
AVA	New	AVISTA CORPORATION	$51,000	–	1,525	–	0.00%	–
WFC	New	WELLS FARGO & COMPANY	$45,000	–	860	–	0.00%	–
XRX	New	XEROX CORPORATION	$34,000	–	2,750	–	0.00%	–
ABBV	New	ABBVIE INC.	$44,000	–	785	–	0.00%	–
ABT	New	ABBOTT LABS	$32,000	–	785	–	0.00%	–
EPIQ	New	EPIQ SYSTEMS INC	$19,000	–	1,320	–	0.00%	–
SAPE	New	SAPIENT CORPORATION	$31,000	–	1,930	–	0.00%	–
NVDA	New	NVIDIA CORPORATION	$23,000	–	1,235	–	0.00%	–
FMI	New	FOUNDATION MEDICINE INC	$16,000	–	600	–	0.00%	–
ALGN	New	ALIGN TECHNOLOGY INC	$15,000	–	260	–	0.00%	–
GOOG	New	GOOGLE INC - CLASS C	$23,000	–	40	–	0.00%	–
KYOCY	New	KYOCERA CORP (ADR)	$26,000	–	555	–	0.00%	–
TIME	New	TIME INC	$13,000	–	517	–	0.00%	–
AEO	New	AMERICAN EAGLE OUTFITTERS INC	$19,000	–	1,690	–	0.00%	–
ALLT	New	ALLOT COMMUNICATIONS LTD	$8,000	–	640	–	0.00%	–
GOOGL	New	GOOGLE INC - CLASS A	$23,000	–	40	–	0.00%	–
CELG	New	CELGENE CORPORATION	$18,000	–	205	–	0.00%	–
UNFI	New	UNITED NATURAL FOODS INC	$33,000	–	505	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
NDSN	Exit	NORDSON CORP	$0	–	-112,672	–	-0.25%	–
NEU	Exit	NEWMARKET CORPORATION	$0	–	-34,436	–	-0.30%	–
NSP	Exit	INSPERITY INC.	$0	–	-369,813	–	-0.42%	–
DCI	Exit	DONALDSON CO	$0	–	-380,867	–	-0.44%	–
PRA	Exit	PROASSURANCE CORP	$0	–	-367,856	–	-0.51%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-585,472	–	-0.59%	–
MSCI	Exit	MSCI INC	$0	–	-484,210	–	-0.60%	–
CW	Exit	CURTISS-WRIGHT CORP	$0	–	-419,992	–	-0.60%	–
OTEX	Exit	OPENTEXT CORPORATION	$0	–	-273,154	–	-0.62%	–
LNN	Exit	LINDSAY CORPORATION	$0	–	-254,180	–	-0.63%	–
PKI	Exit	PERKIN-ELMER INC	$0	–	-754,062	–	-0.87%	–
WWD	Exit	WOODWARD INC	$0	–	-709,062	–	-0.88%	–
TUP	Exit	TUPPERWARE BRANDS CORPORATION	$0	–	-337,999	–	-0.89%	–
ITRN	Exit	ITURAN LOCATION & CONTROL LTD	$0	–	-1,631,196	–	-0.92%	–
KMG	Exit	KMG CHEMICALS I	$0	–	-1,489,894	–	-1.00%	–
NSR	Exit	NEUSTAR INC	$0	–	-675,475	–	-1.02%	–
EV	Exit	EATON VANCE CORP	$0	–	-871,838	–	-1.03%	–
UTI	Exit	UNIVERSAL TECHNICAL INSTITUTE INC.	$0	–	-2,808,907	–	-1.04%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-685,298	–	-1.07%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-651,055	–	-1.10%	–
UN	Exit	UNILEVER N.V. (ADR)	$0	–	-963,844	–	-1.11%	–
GOOGL	Exit	GOOGLE INC	$0	–	-44,579	–	-1.19%	–
MRH	Exit	MONTPELIER RE HOLDINGS LTD	$0	–	-1,502,251	–	-1.20%	–
JWA	Exit	JOHN WILEY & SONS INC	$0	–	-855,512	–	-1.25%	–
CME	Exit	CME GROUP INC	$0	–	-577,057	–	-1.30%	–
LYV	Exit	LIVE NATION ENTERTAINMENT INC	$0	–	-2,299,730	–	-1.30%	–
NAVG	Exit	NAVIGATORS GROUP INC	$0	–	-752,247	–	-1.33%	–
TWX	Exit	TIME WARNER INC	$0	–	-735,814	–	-1.48%	–
HPY	Exit	HEARTLAND PMT SYS	$0	–	-1,381,667	–	-1.68%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-1,024,715	–	-1.69%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING COMPANY	$0	–	-921,326	–	-1.74%	–
CHE	Exit	CHEMED CORP	$0	–	-939,717	–	-2.05%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-651,889	–	-2.15%	–
CHKP	Exit	CHECK POINT SOFTWARE TECHNOLOGIES LTD	$0	–	-1,263,386	–	-2.18%	–
CB	Exit	CHUBB CORP	$0	–	-806,777	–	-2.20%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-703,134	–	-2.33%	–
V	Exit	VISA INC	$0	–	-400,204	–	-2.34%	–
VCLK	Exit	VALUECLICK INC	$0	–	-3,767,105	–	-2.40%	–
KO	Exit	COCA-COLA CO	$0	–	-2,130,308	–	-2.46%	–
DIS	Exit	DISNEY (WALT) COMPANY	$0	–	-1,353,915	–	-2.67%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS - C	$0	–	-1,153,638	–	-2.75%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-4,219,501	–	-3.02%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP PLC (ADR)	$0	–	-3,477,394	–	-3.10%	–
DOV	Exit	DOVER CORP	$0	–	-1,172,244	–	-3.22%	–
MA	Exit	MASTERCARD INC	$0	–	-158,619	–	-3.26%	–
HOT	Exit	STARWOOD HOTELS & RESORTS WORLDWIDE INC	$0	–	-1,766,674	–	-3.58%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,785,813	–	-3.67%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-2,450,044	–	-3.78%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-4,113,298	–	-3.79%	–
NDAQ	Exit	NASDAQ STOCK MKT INC	$0	–	-4,068,222	–	-3.99%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-4,706,439	–	-4.77%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-1,099,023	–	-4.88%	–
AAPL	Exit	APPLE INC	$0	–	-368,699	–	-5.37%	–

Q3 2013

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$175,777,000	+52.0%	368,699	+26.4%	5.37%	+5.8%
RE	Buy	EVEREST RE GROUP LTD	$159,809,000	+49.8%	1,099,023	+32.1%	4.88%	+4.3%
ORCL	Buy	ORACLE CORPORATION	$156,113,000	+41.4%	4,706,439	+30.9%	4.77%	-1.6%
NDAQ	Buy	NASDAQ STOCK MKT INC	$130,631,000	+39.2%	4,068,222	+42.1%	3.99%	-3.1%
BK	Buy	BANK OF NEW YORK MELLON CORP	$124,180,000	+42.7%	4,113,298	+32.6%	3.79%	-0.7%
BEN	Buy	FRANKLIN RESOURCES INC	$123,850,000	+82.0%	2,450,044	+389.8%	3.78%	+26.8%
QCOM	Buy	QUALCOMM INC	$120,221,000	+79.6%	1,785,813	+62.9%	3.67%	+25.0%
HOT	Buy	STARWOOD HOTELS & RESORTS WORLDWIDE INC	$117,395,000	+76.7%	1,766,674	+68.0%	3.58%	+23.0%
MA	Buy	MASTERCARD INC	$106,716,000	+48.9%	158,619	+27.2%	3.26%	+3.7%
DOV	Buy	DOVER CORP	$105,303,000	+31.2%	1,172,244	+13.4%	3.22%	-8.6%
IHG	Buy	INTERCONTINENTAL HOTELS GROUP PLC (ADR)	$101,575,000	+47.4%	3,477,394	+38.6%	3.10%	+2.6%
CSCO	Buy	CISCO SYSTEMS INC	$98,867,000	+37.5%	4,219,501	+42.8%	3.02%	-4.3%
DISCK	Buy	DISCOVERY COMMUNICATIONS - C	$90,122,000	+52.3%	1,153,638	+36.0%	2.75%	+6.0%
DIS	Buy	DISNEY (WALT) COMPANY	$87,314,000	+41.6%	1,353,915	+38.7%	2.67%	-1.4%
KO	Buy	COCA-COLA CO	$80,696,000	+34.9%	2,130,308	+42.9%	2.46%	-6.0%
VCLK	Buy	VALUECLICK INC	$78,582,000	+49.8%	3,767,105	+77.5%	2.40%	+4.3%
V	Buy	VISA INC	$76,479,000	+44.8%	400,204	+38.5%	2.34%	+0.8%
PH	Buy	PARKER HANNIFIN CORP	$76,445,000	+51.2%	703,134	+32.7%	2.33%	+5.3%
CB	Buy	CHUBB CORP	$72,013,000	+44.6%	806,777	+37.1%	2.20%	+0.6%
CHKP	Sell	CHECK POINT SOFTWARE TECHNOLOGIES LTD	$71,457,000	+10.9%	1,263,386	-2.6%	2.18%	-22.8%
UTX	Buy	UNITED TECHNOLOGIES	$70,287,000	+30.7%	651,889	+12.7%	2.15%	-9.0%
CHE	Buy	CHEMED CORP	$67,190,000	+104.2%	939,717	+106.8%	2.05%	+42.1%
ESRX	Buy	EXPRESS SCRIPTS HOLDING COMPANY	$56,938,000	+41.8%	921,326	+41.7%	1.74%	-1.3%
ACIW	Buy	ACI WORLDWIDE INC	$55,396,000	+40.1%	1,024,715	+20.4%	1.69%	-2.5%
HPY	Sell	HEARTLAND PMT SYS	$54,880,000	+2.2%	1,381,667	-4.2%	1.68%	-28.9%
TWX	Buy	TIME WARNER INC	$48,424,000	+49.7%	735,814	+31.6%	1.48%	+4.2%
NAVG	Buy	NAVIGATORS GROUP INC	$43,457,000	+47.4%	752,247	+45.5%	1.33%	+2.6%
CME	Buy	CME GROUP INC	$42,633,000	+28.1%	577,057	+31.7%	1.30%	-10.8%
LYV	Buy	LIVE NATION ENTERTAINMENT INC	$42,660,000	+56.1%	2,299,730	+30.5%	1.30%	+8.7%
JWA	Buy	JOHN WILEY & SONS INC	$40,799,000	+49.8%	855,512	+26.0%	1.25%	+4.4%
MRH	New	MONTPELIER RE HOLDINGS LTD	$39,134,000	–	1,502,251	–	1.20%	–
GOOGL	Buy	GOOGLE INC	$39,047,000	+19.8%	44,579	+20.4%	1.19%	-16.6%
UN	Buy	UNILEVER N.V. (ADR)	$36,356,000	+49.2%	963,844	+55.4%	1.11%	+3.8%
FICO	Buy	FAIR ISAAC CORP	$35,990,000	+53.9%	651,055	+27.6%	1.10%	+7.2%
GPN	Buy	GLOBAL PAYMENTS INC	$35,005,000	+49.6%	685,298	+35.7%	1.07%	+4.2%
UTI	Buy	UNIVERSAL TECHNICAL INSTITUTE INC.	$34,072,000	+24.0%	2,808,907	+5.6%	1.04%	-13.7%
EV	Buy	EATON VANCE CORP	$33,853,000	+158.6%	871,838	+150.3%	1.03%	+80.0%
NSR	Buy	NEUSTAR INC	$33,423,000	+41.4%	675,475	+39.1%	1.02%	-1.6%
KMG	Buy	KMG CHEMICALS I	$32,763,000	+24.2%	1,489,894	+19.1%	1.00%	-13.6%
ITRN	Buy	ITURAN LOCATION & CONTROL LTD	$30,096,000	+46.8%	1,631,196	+34.3%	0.92%	+2.2%
TUP	Buy	TUPPERWARE BRANDS CORPORATION	$29,193,000	+48.6%	337,999	+33.7%	0.89%	+3.5%
WWD	Buy	WOODWARD INC	$28,951,000	+44.2%	709,062	+41.3%	0.88%	+0.5%
PKI	Sell	PERKIN-ELMER INC	$28,466,000	-19.8%	754,062	-31.0%	0.87%	-44.2%
LNN	New	LINDSAY CORPORATION	$20,746,000	–	254,180	–	0.63%	–
OTEX	Buy	OPENTEXT CORPORATION	$20,391,000	+53.1%	273,154	+40.4%	0.62%	+6.7%
CW	Sell	CURTISS-WRIGHT CORP	$19,723,000	-4.4%	419,992	-24.5%	0.60%	-33.4%
MSCI	Buy	MSCI INC	$19,494,000	+55.8%	484,210	+28.7%	0.60%	+8.4%
ICON	Sell	ICONIX BRAND GROUP INC	$19,455,000	-38.1%	585,472	-45.2%	0.59%	-56.9%
PRA	Buy	PROASSURANCE CORP	$16,576,000	+24.3%	367,856	+43.9%	0.51%	-13.5%
DCI	Sell	DONALDSON CO	$14,522,000	-12.8%	380,867	-18.4%	0.44%	-39.3%
NSP	New	INSPERITY INC.	$13,905,000	–	369,813	–	0.42%	–
NEU	Buy	NEWMARKET CORPORATION	$9,914,000	+52.4%	34,436	+39.0%	0.30%	+6.3%
NDSN	Buy	NORDSON CORP	$8,296,000	+26.8%	112,672	+19.4%	0.25%	-11.8%
MSFT	Exit	MICROSOFT CORP	$0	–	-1	–	0.00%	–
IILG	Exit	INTERVAL LEISURE GROUP	$0	–	-317,864	–	-0.28%	–
SONC	Exit	SONIC CORP	$0	–	-739,421	–	-0.47%	–
MG	Exit	MISTRAS GROUP INC	$0	–	-613,475	–	-0.47%	–
LECO	Exit	LINCOLN ELECTRIC HOLDINGS	$0	–	-233,961	–	-0.59%	–

Q2 2013

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$115,622,000	–	291,585	–	5.07%	–
ORCL	New	ORACLE CORPORATION	$110,422,000	–	3,595,626	–	4.84%	–
RE	New	EVEREST RE GROUP LTD	$106,687,000	–	831,802	–	4.68%	–
NDAQ	New	NASDAQ STOCK MKT INC	$93,874,000	–	2,862,886	–	4.12%	–
BK	New	BANK OF NEW YORK MELLON CORP	$87,017,000	–	3,102,213	–	3.82%	–
DOV	New	DOVER CORP	$80,249,000	–	1,033,343	–	3.52%	–
CSCO	New	CISCO SYSTEMS INC	$71,912,000	–	2,955,095	–	3.15%	–
MA	New	MASTERCARD INC	$71,653,000	–	124,722	–	3.14%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP PLC (ADR)	$68,928,000	–	2,509,220	–	3.02%	–
BEN	New	FRANKLIN RESOURCES INC	$68,034,000	–	500,179	–	2.98%	–
QCOM	New	QUALCOMM INC	$66,953,000	–	1,095,965	–	2.94%	–
HOT	New	STARWOOD HOTELS & RESORTS WORLDWIDE INC	$66,436,000	–	1,051,372	–	2.91%	–
CHKP	New	CHECK POINT SOFTWARE TECHNOLOGIES LTD	$64,440,000	–	1,297,095	–	2.83%	–
DIS	New	DISNEY (WALT) COMPANY	$61,653,000	–	976,287	–	2.70%	–
KO	New	COCA-COLA CO	$59,802,000	–	1,490,955	–	2.62%	–
DISCK	New	DISCOVERY COMMUNICATIONS - C	$59,183,000	–	848,230	–	2.60%	–
UTX	New	UNITED TECHNOLOGIES	$53,778,000	–	578,632	–	2.36%	–
HPY	New	HEARTLAND PMT SYS	$53,716,000	–	1,442,029	–	2.36%	–
V	New	VISA INC	$52,806,000	–	288,952	–	2.32%	–
VCLK	New	VALUECLICK INC	$52,452,000	–	2,122,694	–	2.30%	–
PH	New	PARKER HANNIFIN CORP	$50,555,000	–	529,926	–	2.22%	–
CB	New	CHUBB CORP	$49,814,000	–	588,475	–	2.18%	–
ESRX	New	EXPRESS SCRIPTS HOLDING COMPANY	$40,157,000	–	650,422	–	1.76%	–
ACIW	New	ACI WORLDWIDE INC	$39,552,000	–	850,955	–	1.73%	–
PKI	New	PERKIN-ELMER INC	$35,506,000	–	1,092,500	–	1.56%	–
CME	New	CME GROUP INC	$33,271,000	–	438,066	–	1.46%	–
CHE	New	CHEMED CORP	$32,910,000	–	454,370	–	1.44%	–
GOOGL	New	GOOGLE INC	$32,584,000	–	37,012	–	1.43%	–
TWX	New	TIME WARNER INC	$32,341,000	–	559,339	–	1.42%	–
ICON	New	ICONIX BRAND GROUP INC	$31,430,000	–	1,068,690	–	1.38%	–
NAVG	New	NAVIGATORS GROUP INC	$29,482,000	–	516,874	–	1.29%	–
UTI	New	UNIVERSAL TECHNICAL INSTITUTE INC.	$27,479,000	–	2,660,156	–	1.20%	–
LYV	New	LIVE NATION ENTERTAINMENT INC	$27,322,000	–	1,762,698	–	1.20%	–
JWA	New	JOHN WILEY & SONS INC	$27,229,000	–	679,186	–	1.19%	–
KMG	New	KMG CHEMICALS I	$26,388,000	–	1,250,606	–	1.16%	–
UN	New	UNILEVER N.V. (ADR)	$24,374,000	–	620,056	–	1.07%	–
NSR	New	NEUSTAR INC	$23,639,000	–	485,608	–	1.04%	–
GPN	New	GLOBAL PAYMENTS INC	$23,395,000	–	505,082	–	1.03%	–
FICO	New	FAIR ISAAC CORP	$23,386,000	–	510,281	–	1.02%	–
CW	New	CURTISS-WRIGHT CORP	$20,627,000	–	556,595	–	0.90%	–
ITRN	New	ITURAN LOCATION & CONTROL LTD	$20,497,000	–	1,214,986	–	0.90%	–
WWD	New	WOODWARD INC	$20,076,000	–	501,897	–	0.88%	–
TUP	New	TUPPERWARE BRANDS CORPORATION	$19,639,000	–	252,786	–	0.86%	–
DCI	New	DONALDSON CO	$16,652,000	–	466,954	–	0.73%	–
LECO	New	LINCOLN ELECTRIC HOLDINGS	$13,399,000	–	233,961	–	0.59%	–
PRA	New	PROASSURANCE CORP	$13,337,000	–	255,692	–	0.58%	–
OTEX	New	OPENTEXT CORPORATION	$13,320,000	–	194,538	–	0.58%	–
EV	New	EATON VANCE CORP	$13,093,000	–	348,298	–	0.57%	–
MSCI	New	MSCI INC	$12,516,000	–	376,181	–	0.55%	–
MG	New	MISTRAS GROUP INC	$10,785,000	–	613,475	–	0.47%	–
SONC	New	SONIC CORP	$10,759,000	–	739,421	–	0.47%	–
NDSN	New	NORDSON CORP	$6,542,000	–	94,386	–	0.29%	–
NEU	New	NEWMARKET CORPORATION	$6,504,000	–	24,772	–	0.28%	–
IILG	New	INTERVAL LEISURE GROUP	$6,332,000	–	317,864	–	0.28%	–
MSFT	New	MICROSOFT CORP	$0	–	1	–	0.00%	–

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