Redmond Asset Management, LLC Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MKL	Sell	MARKEL GROUP INC	$8,537,261	+4.6%	5,798	-1.7%	3.04%	+14.8%
XPO	Sell	XPO INC	$8,327,054	+24.3%	111,533	-1.8%	2.97%	+36.4%
JPM	Sell	JPMORGAN CHASE & CO	$7,498,561	-0.4%	51,707	-0.1%	2.67%	+9.3%
WSO	Sell	WATSCO INC	$7,268,546	-8.0%	19,243	-7.1%	2.59%	+0.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$6,923,680	+2.5%	19,765	-0.2%	2.47%	+12.5%
CCOI	Sell	COGENT COMMUNICATIONS HLDGS	$6,921,085	-8.4%	111,811	-0.4%	2.47%	+0.5%
SCHW	Buy	SCHWAB CHARLES CORP	$6,324,137	+3.0%	115,194	+6.4%	2.25%	+13.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$5,903,618	+5.3%	45,114	-3.7%	2.10%	+15.5%
FISV	Sell	FISERV INC	$5,747,857	-10.9%	50,884	-0.5%	2.05%	-2.2%
INTU	Sell	INTUIT	$5,270,112	+10.9%	10,315	-0.5%	1.88%	+21.7%
JNJ	Buy	JOHNSON & JOHNSON	$4,932,487	-4.7%	31,669	+1.3%	1.76%	+4.5%
CPRT	Buy	COPART INC	$4,799,666	-12.0%	111,387	+86.2%	1.71%	-3.5%
V	Sell	VISA INC	$4,673,987	-6.6%	20,321	-3.6%	1.66%	+2.4%
AMZN	Sell	AMAZON COM INC	$4,343,055	-6.5%	34,165	-4.1%	1.55%	+2.5%
TXN	Sell	TEXAS INSTRS INC	$4,315,980	-12.4%	27,143	-0.9%	1.54%	-3.9%
KMX	Sell	CARMAX INC	$4,088,053	-20.5%	57,798	-5.9%	1.46%	-12.8%
KNX	Sell	KNIGHT-SWIFT TRANSN HLDGS INcl a	$4,061,357	-10.3%	80,984	-0.7%	1.45%	-1.6%
AAPL	Buy	APPLE INC	$3,985,478	-11.6%	23,278	+0.2%	1.42%	-3.0%
MSFT	Buy	MICROSOFT CORP	$3,605,840	-7.1%	11,420	+0.2%	1.28%	+2.0%
PAR	Sell	PAR TECHNOLOGY CORP	$3,373,715	+16.7%	87,538	-0.3%	1.20%	+28.1%
FAST	Sell	FASTENAL CO	$3,339,400	-9.0%	61,116	-1.7%	1.19%	-0.2%
NXPI	Sell	NXP SEMICONDUCTORS N V	$3,335,265	-5.6%	16,683	-3.4%	1.19%	+3.5%
ERII	Buy	ENERGY RECOVERY INC	$3,304,391	-3.4%	155,794	+27.3%	1.18%	+5.9%
MA	Sell	MASTERCARD INCORPORATEDcl a	$3,059,516	+0.2%	7,728	-0.5%	1.09%	+10.0%
NSSC	Buy	NAPCO SEC TECHNOLOGIES INC	$2,972,845	-8.6%	133,611	+42.4%	1.06%	+0.3%
BL	Buy	BLACKLINE INC	$2,958,160	+4.9%	53,329	+1.7%	1.05%	+15.1%
IRDM	Buy	IRIDIUM COMMUNICATIONS INC	$2,866,416	-1.4%	63,012	+34.6%	1.02%	+8.2%
TSCO	Sell	TRACTOR SUPPLY CO	$2,788,283	-8.3%	13,732	-0.1%	0.99%	+0.6%
CSCO	Sell	CISCO SYS INC	$2,687,500	+0.4%	49,991	-3.4%	0.96%	+10.2%
XYL	Buy	XYLEM INC	$2,651,660	-14.9%	29,130	+5.3%	0.94%	-6.6%
XPEL	Sell	XPEL INC	$2,608,477	-8.5%	33,828	-0.0%	0.93%	+0.4%
CVX	Sell	CHEVRON CORP NEW	$2,598,638	-84.7%	15,411	-85.7%	0.93%	-83.2%
HXL	Sell	HEXCEL CORP NEW	$2,567,363	-14.4%	39,413	-0.1%	0.92%	-6.1%
KMI	Buy	KINDER MORGAN INC DEL	$2,543,641	-1.4%	153,416	+2.4%	0.91%	+8.1%
BKNG	Sell	BOOKING HOLDINGS INC	$2,516,503	+3.5%	816	-9.3%	0.90%	+13.7%
ADSK	Buy	AUTODESK INC	$2,463,057	+2.4%	11,904	+1.2%	0.88%	+12.4%
	Buy	CANADIAN PACIFIC KANSAS CITY	$2,432,388	-7.2%	32,689	+0.7%	0.87%	+1.8%
HCSG	Sell	HEALTHCARE SVCS GROUP INC	$2,417,138	-31.2%	231,749	-1.5%	0.86%	-24.5%
DLR	Sell	DIGITAL RLTY TR INC	$2,404,004	+6.1%	19,865	-0.1%	0.86%	+16.4%
VRSK	Sell	VERISK ANALYTICS INC	$2,389,265	+3.4%	10,114	-1.1%	0.85%	+13.5%
ECL	Buy	ECOLAB INC	$2,282,922	-8.2%	13,477	+1.2%	0.81%	+0.7%
	Buy	ADEIA INC	$2,237,043	-3.0%	209,461	+0.0%	0.80%	+6.4%
AMAT	Sell	APPLIED MATLS INC	$2,175,465	-4.3%	15,713	-0.1%	0.78%	+5.0%
D	Buy	DOMINION ENERGY INC	$2,008,630	+1.3%	44,966	+17.4%	0.72%	+11.2%
JEPI	Sell	J P MORGAN EXCHANGE TRADED Fequity premium	$2,001,837	-3.5%	37,376	-0.3%	0.71%	+5.8%
MORN	Buy	MORNINGSTAR INC	$1,997,599	+19.5%	8,528	+0.1%	0.71%	+31.1%
TMUS	Buy	T-MOBILE US INC	$1,990,951	+1.1%	14,216	+0.3%	0.71%	+11.0%
ACN	Sell	ACCENTURE PLC IRELAND	$1,944,084	-2.2%	6,330	-1.7%	0.69%	+7.4%
CCI	Buy	CROWN CASTLE INC	$1,923,202	-6.1%	20,898	+16.3%	0.68%	+3.0%
LEGH	Sell	LEGACY HOUSING CORP	$1,921,221	-16.4%	98,981	-0.1%	0.68%	-8.2%
BLKB	New	BLACKBAUD INC	$1,890,202	–	26,880	–	0.67%	–
SPG	Buy	SIMON PPTY GROUP INC NEW	$1,856,163	-3.2%	17,182	+3.5%	0.66%	+6.1%
DHR	Sell	DANAHER CORPORATION	$1,790,290	+3.1%	7,216	-0.2%	0.64%	+13.1%
AZEK	Buy	AZEK CO INCcl a	$1,774,437	-1.8%	59,665	+0.1%	0.63%	+7.7%
FB	Sell	META PLATFORMS INCcl a	$1,762,233	+4.4%	5,870	-0.2%	0.63%	+14.6%
AVGO	Sell	BROADCOM INC	$1,689,915	-4.4%	2,035	-0.1%	0.60%	+4.9%
TYL	Sell	TYLER TECHNOLOGIES INC	$1,674,689	-8.3%	4,337	-1.1%	0.60%	+0.7%
TRS	Buy	TRIMAS CORP	$1,659,960	+132.2%	67,042	+157.8%	0.59%	+154.7%
AUB	Buy	ATLANTIC UN BANKSHARES CORP	$1,659,253	+17.6%	57,653	+6.1%	0.59%	+29.0%
GMRE	Buy	GLOBAL MED REIT INC	$1,615,847	+11.4%	180,139	+13.4%	0.58%	+22.3%
BA	Sell	BOEING CO	$1,600,911	-10.8%	8,352	-1.7%	0.57%	-2.2%
BX	Sell	BLACKSTONE INC	$1,576,458	+15.0%	14,714	-0.2%	0.56%	+26.3%
ISRG	Sell	INTUITIVE SURGICAL INC	$1,565,213	-14.5%	5,355	-0.0%	0.56%	-6.2%
UL	Buy	UNILEVER PLCspon adr new	$1,506,202	-2.0%	30,490	+3.4%	0.54%	+7.6%
CSGP	Buy	COSTAR GROUP INC	$1,487,898	-13.3%	19,351	+0.3%	0.53%	-5.0%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$1,470,833	+4.2%	9,436	+19.9%	0.52%	+14.4%
	Buy	COHERENT CORP	$1,449,053	-35.9%	44,395	+0.0%	0.52%	-29.8%
TSLA	Buy	TESLA INC	$1,432,510	+8.8%	5,725	+13.8%	0.51%	+19.2%
TRUP	Sell	TRUPANION INC	$1,386,227	+40.7%	49,157	-1.8%	0.49%	+54.4%
CRM	Buy	SALESFORCE INC	$1,380,932	+1.5%	6,810	+5.7%	0.49%	+11.3%
WSC	New	WILLSCOT MOBIL MINI HLDNG CO	$1,374,757	–	33,055	–	0.49%	–
DOW	Sell	DOW INC	$1,282,075	-12.0%	24,866	-9.1%	0.46%	-3.4%
PAYX	Sell	PAYCHEX INC	$1,202,525	+1.2%	10,427	-1.9%	0.43%	+10.9%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$1,201,461	+14.3%	8,564	+9.1%	0.43%	+25.5%
USB	Buy	US BANCORP DEL	$1,169,467	+21.1%	35,374	+21.1%	0.42%	+32.8%
PEP	Sell	PEPSICO INC	$1,153,986	-8.5%	6,811	-0.0%	0.41%	+0.2%
NOW	Buy	SERVICENOW INC	$1,133,571	+1.7%	2,028	+2.3%	0.40%	+11.6%
MCO	Sell	MOODYS CORP	$1,123,984	-12.8%	3,555	-4.0%	0.40%	-4.3%
MRK	Sell	MERCK & CO INC	$1,066,375	-11.3%	10,358	-0.6%	0.38%	-2.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,042,404	-6.7%	32,163	+7.1%	0.37%	+2.2%
ICLR	New	ICON PLC	$1,037,451	–	4,213	–	0.37%	–
PYPL	Sell	PAYPAL HLDGS INC	$1,022,407	-21.6%	17,489	-10.5%	0.36%	-13.9%
CLF	Buy	CLEVELAND-CLIFFS INC NEW	$1,022,202	-6.7%	65,400	+0.1%	0.36%	+2.2%
BLK	Buy	BLACKROCK INC	$1,013,485	-6.2%	1,568	+0.3%	0.36%	+2.8%
FTV	Buy	FORTIVE CORP	$979,431	+1.7%	13,207	+2.5%	0.35%	+11.5%
LMT	Buy	LOCKHEED MARTIN CORP	$964,829	+47.1%	2,359	+65.5%	0.34%	+61.5%
BDX	Sell	BECTON DICKINSON & CO	$921,123	-17.4%	3,563	-15.6%	0.33%	-9.4%
ALGN	Sell	ALIGN TECHNOLOGY INC	$916,876	-14.4%	3,003	-0.9%	0.33%	-6.0%
STAA	Buy	STAAR SURGICAL CO	$893,483	-23.5%	22,237	+0.1%	0.32%	-16.1%
MMM	Sell	3M CO	$877,463	-20.7%	9,373	-15.2%	0.31%	-12.8%
	New	BRIACELL THERAPEUTICS CORP	$861,494	–	137,839	–	0.31%	–
OMCL	Buy	OMNICELL COM	$824,592	-38.8%	18,308	+0.1%	0.29%	-32.9%
IVV	Sell	ISHARES TRcore s&p500 etf	$769,539	-24.7%	1,792	-21.8%	0.27%	-17.5%
FORM	Buy	FORMFACTOR INC	$750,896	+2.2%	21,491	+0.1%	0.27%	+12.1%
TPL	Sell	TEXAS PACIFIC LAND CORPORATI	$720,306	+35.8%	395	-2.0%	0.26%	+49.4%
VT	Sell	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$690,464	-17.3%	7,410	-13.9%	0.25%	-9.2%
	Sell	HAGERTY INC	$685,488	-16.7%	83,903	-4.6%	0.24%	-8.6%
KEYS	Sell	KEYSIGHT TECHNOLOGIES INC	$657,845	-21.1%	4,972	-0.1%	0.23%	-13.7%
	New	APPLIED DIGITAL CORP	$633,004	–	101,443	–	0.23%	–
AMRC	New	AMERESCO INCcl a	$573,850	–	14,882	–	0.20%	–
LEA	Sell	LEAR CORP	$534,787	-27.9%	3,985	-22.9%	0.19%	-20.7%
VGZ	Buy	VISTA GOLD CORP	$450,959	-17.2%	1,048,743	+0.1%	0.16%	-9.0%
VUZI	Buy	VUZIX CORP	$448,098	+26.3%	123,443	+77.4%	0.16%	+39.1%
LOW	Sell	LOWES COS INC	$429,698	-9.6%	2,067	-1.9%	0.15%	-0.6%
VEA	Sell	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$410,934	-22.9%	9,399	-18.6%	0.15%	-15.6%
DON	Sell	WISDOMTREE TRus midcap divid	$400,343	-18.5%	9,774	-16.4%	0.14%	-10.6%
NVO	Buy	NOVO-NORDISK A Sadr	$386,785	+12.4%	4,253	+100.0%	0.14%	+23.2%
DOCU	Sell	DOCUSIGN INC	$366,282	-18.2%	8,721	-0.4%	0.13%	-9.7%
	Buy	ESS TECH INC	$353,918	+145.3%	188,254	+91.8%	0.13%	+168.1%
ANVS	Buy	ANNOVIS BIO INC	$323,419	-33.5%	34,080	+0.2%	0.12%	-27.2%
INTC	Buy	INTEL CORP	$301,926	+7.8%	8,493	+1.4%	0.11%	+18.7%
MCD	Sell	MCDONALDS CORP	$294,884	-14.7%	1,119	-3.4%	0.10%	-6.2%
BIPC	New	BROOKFIELD INFRASTRUCTURE CO	$281,059	–	7,953	–	0.10%	–
SPEM	Sell	SPDR INDEX SHS FDSportfolio emg mk	$264,867	-16.8%	7,890	-14.8%	0.09%	-8.7%
KO	Buy	COCA COLA CO	$262,305	-7.0%	4,686	+0.0%	0.09%	+1.1%
BOH	Sell	BANK HAWAII CORP	$253,518	-40.5%	5,102	-50.6%	0.09%	-34.8%
KBWR	Sell	INVESCO EXCH TRADED FD TR IIkbw regl bkg	$241,525	-1.3%	5,513	-2.3%	0.09%	+8.9%
DGRS	Sell	WISDOMTREE TRus s cap qty div	$210,795	-17.4%	5,118	-15.0%	0.08%	-9.6%
EMR	New	EMERSON ELEC CO	$208,568	–	2,160	–	0.07%	–
LTRN	Sell	LANTERN PHARMA INC	$158,585	-39.7%	46,506	-0.2%	0.06%	-32.9%
	Buy	INHIBIKASE THERAPEUTICS INC	$29,158	-61.5%	20,977	+0.0%	0.01%	-60.0%
	New	PODCASTONE INC	$23,031	–	11,632	–	0.01%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-5,070	–	-0.08%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-6,343	–	-0.09%	–
ORGS	Exit	ORGENESIS INC	$0	–	-579,980	–	-0.26%	–
BCTX	Exit	BRIACELL THERAPEUTICS CORP	$0	–	-137,689	–	-0.29%	–
PTON	Exit	PELOTON INTERACTIVE INC	$0	–	-161,490	–	-0.40%	–
CLAR	Exit	CLARUS CORP NEW	$0	–	-263,145	–	-0.78%	–
	Exit	RXO INC	$0	–	-119,190	–	-0.88%	–

Q2 2023

			Value		Shares		↓ Weighting
CVX	New	CHEVRON CORP NEW	$16,933,740	–	107,618	–	5.50%	–
MKL	New	MARKEL GROUP INC	$8,159,158	–	5,899	–	2.65%	–
WSO	New	WATSCO INC	$7,904,618	–	20,721	–	2.57%	–
CCOI	New	COGENT COMMUNICATIONS HLDGS	$7,556,311	–	112,295	–	2.45%	–
JPM	New	JPMORGAN CHASE & CO	$7,526,338	–	51,749	–	2.44%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,752,823	–	19,803	–	2.19%	–
XPO	New	XPO INC	$6,700,571	–	113,569	–	2.18%	–
FISV	New	FISERV INC	$6,452,194	–	51,147	–	2.10%	–
SCHW	New	SCHWAB CHARLES CORP	$6,137,408	–	108,282	–	1.99%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,606,389	–	46,837	–	1.82%	–
CPRT	New	COPART INC	$5,457,094	–	59,830	–	1.77%	–
JNJ	New	JOHNSON & JOHNSON	$5,175,214	–	31,266	–	1.68%	–
KMX	New	CARMAX INC	$5,141,356	–	61,426	–	1.67%	–
V	New	VISA INC	$5,006,252	–	21,081	–	1.63%	–
TXN	New	TEXAS INSTRS INC	$4,929,140	–	27,381	–	1.60%	–
INTU	New	INTUIT	$4,750,721	–	10,368	–	1.54%	–
AMZN	New	AMAZON COM INC	$4,645,379	–	35,635	–	1.51%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$4,529,095	–	81,517	–	1.47%	–
AAPL	New	APPLE INC	$4,507,394	–	23,238	–	1.46%	–
MSFT	New	MICROSOFT CORP	$3,880,026	–	11,394	–	1.26%	–
FAST	New	FASTENAL CO	$3,669,143	–	62,199	–	1.19%	–
NXPI	New	NXP SEMICONDUCTORS N V	$3,533,596	–	17,264	–	1.15%	–
HCSG	New	HEALTHCARE SVCS GROUP INC	$3,512,785	–	235,284	–	1.14%	–
ERII	New	ENERGY RECOVERY INC	$3,420,912	–	122,394	–	1.11%	–
NSSC	New	NAPCO SEC TECHNOLOGIES INC	$3,252,076	–	93,855	–	1.06%	–
XYL	New	XYLEM INC	$3,115,136	–	27,661	–	1.01%	–
MA	New	MASTERCARD INCORPORATEDcl a	$3,053,066	–	7,763	–	0.99%	–
TSCO	New	TRACTOR SUPPLY CO	$3,040,567	–	13,752	–	0.99%	–
HXL	New	HEXCEL CORP NEW	$2,998,001	–	39,437	–	0.97%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$2,908,086	–	46,814	–	0.94%	–
PAR	New	PAR TECHNOLOGY CORP	$2,889,904	–	87,759	–	0.94%	–
XPEL	New	XPEL INC	$2,849,415	–	33,833	–	0.92%	–
BL	New	BLACKLINE INC	$2,820,868	–	52,413	–	0.92%	–
	New	RXO INC	$2,702,037	–	119,190	–	0.88%	–
CSCO	New	CISCO SYS INC	$2,676,536	–	51,731	–	0.87%	–
	New	CANADIAN PACIFIC KANSAS CITY	$2,622,279	–	32,466	–	0.85%	–
KMI	New	KINDER MORGAN INC DEL	$2,580,489	–	149,854	–	0.84%	–
ECL	New	ECOLAB INC	$2,485,986	–	13,316	–	0.81%	–
BKNG	New	BOOKING HOLDINGS INC	$2,430,297	–	900	–	0.79%	–
ADSK	New	AUTODESK INC	$2,406,214	–	11,760	–	0.78%	–
CLAR	New	CLARUS CORP NEW	$2,405,145	–	263,145	–	0.78%	–
VRSK	New	VERISK ANALYTICS INC	$2,310,641	–	10,223	–	0.75%	–
	New	ADEIA INC	$2,305,175	–	209,371	–	0.75%	–
LEGH	New	LEGACY HOUSING CORP	$2,298,662	–	99,123	–	0.75%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,289,962	–	18,930	–	0.74%	–
AMAT	New	APPLIED MATLS INC	$2,273,036	–	15,726	–	0.74%	–
DLR	New	DIGITAL RLTY TR INC	$2,265,239	–	19,893	–	0.74%	–
	New	COHERENT CORP	$2,262,238	–	44,375	–	0.74%	–
SLAB	New	SILICON LABORATORIES INC	$2,087,531	–	13,234	–	0.68%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$2,073,989	–	37,484	–	0.67%	–
CCI	New	CROWN CASTLE INC	$2,047,440	–	17,969	–	0.66%	–
ACN	New	ACCENTURE PLC IRELAND	$1,987,584	–	6,441	–	0.64%	–
D	New	DOMINION ENERGY INC	$1,983,468	–	38,298	–	0.64%	–
TMUS	New	T-MOBILE US INC	$1,968,352	–	14,171	–	0.64%	–
SPG	New	SIMON PPTY GROUP INC NEW	$1,917,231	–	16,602	–	0.62%	–
BMI	New	BADGER METER INC	$1,900,868	–	12,882	–	0.62%	–
ISRG	New	INTUITIVE SURGICAL INC	$1,831,431	–	5,356	–	0.60%	–
TYL	New	TYLER TECHNOLOGIES INC	$1,825,804	–	4,384	–	0.59%	–
AZEK	New	AZEK CO INCcl a	$1,806,253	–	59,632	–	0.59%	–
BA	New	BOEING CO	$1,794,649	–	8,499	–	0.58%	–
AVGO	New	BROADCOM INC	$1,767,241	–	2,037	–	0.57%	–
DHR	New	DANAHER CORPORATION	$1,735,680	–	7,232	–	0.56%	–
CSGP	New	COSTAR GROUP INC	$1,716,899	–	19,291	–	0.56%	–
FB	New	META PLATFORMS INCcl a	$1,687,442	–	5,880	–	0.55%	–
MORN	New	MORNINGSTAR INC	$1,671,105	–	8,523	–	0.54%	–
UL	New	UNILEVER PLCspon adr new	$1,537,541	–	29,494	–	0.50%	–
MITK	New	MITEK SYS INC	$1,495,909	–	137,999	–	0.49%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$1,474,609	–	8,811	–	0.48%	–
DOW	New	DOW INC	$1,457,512	–	27,366	–	0.47%	–
GMRE	New	GLOBAL MED REIT INC	$1,450,146	–	158,833	–	0.47%	–
RLI	New	RLI CORP	$1,431,297	–	10,488	–	0.46%	–
ENS	New	ENERSYS	$1,425,085	–	13,132	–	0.46%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$1,411,167	–	7,873	–	0.46%	–
AUB	New	ATLANTIC UN BANKSHARES CORP	$1,410,460	–	54,353	–	0.46%	–
BX	New	BLACKSTONE INC	$1,371,215	–	14,749	–	0.44%	–
CRM	New	SALESFORCE INC	$1,360,726	–	6,441	–	0.44%	–
OMCL	New	OMNICELL COM	$1,347,719	–	18,294	–	0.44%	–
FELE	New	FRANKLIN ELEC INC	$1,320,824	–	12,836	–	0.43%	–
TSLA	New	TESLA INC	$1,316,703	–	5,030	–	0.43%	–
PYPL	New	PAYPAL HLDGS INC	$1,303,771	–	19,538	–	0.42%	–
MCO	New	MOODYS CORP	$1,288,303	–	3,705	–	0.42%	–
PEP	New	PEPSICO INC	$1,261,781	–	6,812	–	0.41%	–
PTON	New	PELOTON INTERACTIVE INC	$1,241,858	–	161,490	–	0.40%	–
MRK	New	MERCK & CO INC	$1,202,181	–	10,418	–	0.39%	–
PAYX	New	PAYCHEX INC	$1,188,808	–	10,627	–	0.39%	–
STAA	New	STAAR SURGICAL CO	$1,168,053	–	22,219	–	0.38%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,117,105	–	30,038	–	0.36%	–
BDX	New	BECTON DICKINSON & CO	$1,115,158	–	4,224	–	0.36%	–
NOW	New	SERVICENOW INC	$1,114,387	–	1,983	–	0.36%	–
MMM	New	3M CO	$1,106,428	–	11,054	–	0.36%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$1,095,098	–	65,340	–	0.36%	–
BLK	New	BLACKROCK INC	$1,080,669	–	1,564	–	0.35%	–
ALGN	New	ALIGN TECHNOLOGY INC	$1,071,176	–	3,029	–	0.35%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP	$1,066,712	–	8,794	–	0.35%	–
NVR	New	NVR INC	$1,060,554	–	167	–	0.34%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,050,725	–	7,852	–	0.34%	–
IVV	New	ISHARES TRcore s&p500 etf	$1,021,567	–	2,292	–	0.33%	–
PG	New	PROCTER AND GAMBLE CO	$1,007,193	–	6,638	–	0.33%	–
TRUP	New	TRUPANION INC	$985,004	–	50,051	–	0.32%	–
USB	New	US BANCORP DEL	$965,500	–	29,222	–	0.31%	–
FTV	New	FORTIVE CORP	$963,038	–	12,880	–	0.31%	–
PGNY	New	PROGYNY INC	$957,929	–	24,350	–	0.31%	–
SLP	New	SIMULATIONS PLUS INC	$950,097	–	21,927	–	0.31%	–
BCTX	New	BRIACELL THERAPEUTICS CORP	$883,963	–	137,689	–	0.29%	–
ALRM	New	ALARM COM HLDGS INC	$875,097	–	16,933	–	0.28%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$833,734	–	4,979	–	0.27%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$834,901	–	8,609	–	0.27%	–
MEDP	New	MEDPACE HLDGS INC	$827,866	–	3,447	–	0.27%	–
	New	HAGERTY INC	$822,772	–	87,903	–	0.27%	–
ORGS	New	ORGENESIS INC	$806,172	–	579,980	–	0.26%	–
XOM	New	EXXON MOBIL CORP	$761,917	–	7,104	–	0.25%	–
LEA	New	LEAR CORP	$741,866	–	5,168	–	0.24%	–
FORM	New	FORMFACTOR INC	$734,464	–	21,463	–	0.24%	–
TRS	New	TRIMAS CORP	$714,905	–	26,006	–	0.23%	–
LMT	New	LOCKHEED MARTIN CORP	$656,096	–	1,425	–	0.21%	–
AMBA	New	AMBARELLA INC	$626,605	–	7,489	–	0.20%	–
GWRS	New	GLOBAL WTR RES INC	$623,526	–	49,174	–	0.20%	–
MDT	New	MEDTRONIC PLC	$598,287	–	6,791	–	0.19%	–
WTS	New	WATTS WATER TECHNOLOGIES INCcl a	$568,277	–	3,093	–	0.18%	–
VGZ	New	VISTA GOLD CORP	$544,964	–	1,048,215	–	0.18%	–
VEA	New	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$533,233	–	11,547	–	0.17%	–
TPL	New	TEXAS PACIFIC LAND CORPORATI	$530,550	–	403	–	0.17%	–
ARTNA	New	ARTESIAN RES CORPcl a	$499,824	–	10,585	–	0.16%	–
DON	New	WISDOMTREE TRus midcap divid	$491,396	–	11,686	–	0.16%	–
SYK	New	STRYKER CORPORATION	$485,093	–	1,590	–	0.16%	–
ANVS	New	ANNOVIS BIO INC	$486,003	–	34,010	–	0.16%	–
LOW	New	LOWES COS INC	$475,552	–	2,107	–	0.15%	–
DOCU	New	DOCUSIGN INC	$447,548	–	8,760	–	0.14%	–
	New	LIVEONE INC	$429,459	–	244,011	–	0.14%	–
BOH	New	BANK HAWAII CORP	$425,865	–	10,329	–	0.14%	–
CHD	New	CHURCH & DWIGHT CO INC	$419,106	–	4,181	–	0.14%	–
NSC	New	NORFOLK SOUTHN CORP	$399,971	–	1,764	–	0.13%	–
ARCC	New	ARES CAPITAL CORP	$364,432	–	19,395	–	0.12%	–
VUZI	New	VUZIX CORP	$354,919	–	69,592	–	0.12%	–
PPG	New	PPG INDS INC	$350,409	–	2,363	–	0.11%	–
NVO	New	NOVO-NORDISK A Sadr	$344,086	–	2,126	–	0.11%	–
MCD	New	MCDONALDS CORP	$345,666	–	1,158	–	0.11%	–
KRNT	New	KORNIT DIGITAL LTD	$335,288	–	11,416	–	0.11%	–
SPEM	New	SPDR INDEX SHS FDSportfolio emg mk	$318,531	–	9,265	–	0.10%	–
IDYA	New	IDEAYA BIOSCIENCES INC	$306,370	–	13,037	–	0.10%	–
WRAP	New	WRAP TECHNOLOGIES INC	$299,642	–	205,234	–	0.10%	–
KNSL	New	KINSALE CAP GROUP INC	$287,386	–	768	–	0.09%	–
KO	New	COCA COLA CO	$282,127	–	4,685	–	0.09%	–
INTC	New	INTEL CORP	$280,093	–	8,376	–	0.09%	–
FDX	New	FEDEX CORP	$264,757	–	1,068	–	0.09%	–
CMCSA	New	COMCAST CORP NEWcl a	$263,552	–	6,343	–	0.09%	–
LTRN	New	LANTERN PHARMA INC	$262,847	–	46,604	–	0.08%	–
DGRS	New	WISDOMTREE TRus s cap qty div	$255,328	–	6,018	–	0.08%	–
RVT	New	ROYCE VALUE TR INC	$247,020	–	17,900	–	0.08%	–
KBWR	New	INVESCO EXCH TRADED FD TR IIkbw regl bkg	$244,793	–	5,643	–	0.08%	–
DAL	New	DELTA AIR LINES INC DEL	$241,028	–	5,070	–	0.08%	–
UNP	New	UNION PAC CORP	$235,722	–	1,152	–	0.08%	–
PNC	New	PNC FINL SVCS GROUP INC	$224,634	–	1,784	–	0.07%	–
BCTXW	New	BRIACELL THERAPEUTICS CORP*w exp 02/24/202	$187,500	–	75,000	–	0.06%	–
DYN	New	DYNE THERAPEUTICS INC	$148,680	–	13,216	–	0.05%	–
	New	ESS TECH INC	$144,300	–	98,163	–	0.05%	–
	New	INHIBIKASE THERAPEUTICS INC	$75,723	–	20,976	–	0.02%	–
RMCF	New	ROCKY MTN CHOCOLATE FACTORY	$59,037	–	11,035	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
KRBP	Exit	KIROMIC BIOPHARMA INC	$0	–	-41,758	–	-0.00%	–
HCDI	Exit	HARBOR CUSTOM DEVELOPMENT IN	$0	–	-27,583	–	-0.01%	–
BDTX	Exit	BLACK DIAMOND THERAPEUTICS I	$0	–	-15,978	–	-0.01%	–
APM	Exit	APTORUM GROUP LIMITED	$0	–	-62,682	–	-0.03%	–
LPSN	Exit	LIVEPERSON INC	$0	–	-10,170	–	-0.04%	–
RNAZ	Exit	TRANSCODE THERAPEUTICS INC	$0	–	-90,874	–	-0.04%	–
IKT	Exit	INHIBIKASE THERAPEUTICS INC	$0	–	-122,477	–	-0.04%	–
DYN	Exit	DYNE THERAPEUTICS INC	$0	–	-13,168	–	-0.06%	–
	Exit	LIVEONE INC	$0	–	-244,540	–	-0.06%	–
IDYA	Exit	IDEAYA BIOSCIENCES INC	$0	–	-12,700	–	-0.07%	–
DGRS	Exit	WISDOMTREE TRus s cap qty div	$0	–	-5,701	–	-0.08%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-2,126	–	-0.08%	–
BCTXW	Exit	BRIACELL THERAPEUTICS CORP*w exp 02/24/202	$0	–	-75,000	–	-0.08%	–
CLVT	Exit	CLARIVATE PLC	$0	–	-23,654	–	-0.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-1,152	–	-0.08%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-17,900	–	-0.08%	–
LTRN	Exit	LANTERN PHARMA INC	$0	–	-49,502	–	-0.09%	–
SPEM	Exit	SPDR INDEX SHS FDSportfolio emg mk	$0	–	-8,323	–	-0.10%	–
PPG	Exit	PPG INDS INC	$0	–	-2,363	–	-0.10%	–
KO	Exit	COCA COLA CO	$0	–	-4,683	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,158	–	-0.10%	–
HRTX	Exit	HERON THERAPEUTICS INC	$0	–	-65,136	–	-0.10%	–
KRNT	Exit	KORNIT DIGITAL LTD	$0	–	-11,416	–	-0.11%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-19,395	–	-0.12%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,623	–	-0.12%	–
WRAP	Exit	WRAP TECHNOLOGIES INC	$0	–	-205,234	–	-0.13%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-1,764	–	-0.14%	–
VEA	Exit	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$0	–	-10,358	–	-0.14%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-5,243	–	-0.14%	–
MCK	Exit	MCKESSON CORP	$0	–	-1,152	–	-0.15%	–
WTS	Exit	WATTS WATER TECHNOLOGIES INCcl a	$0	–	-3,133	–	-0.15%	–
LOW	Exit	LOWES COS INC	$0	–	-2,116	–	-0.15%	–
INTC	Exit	INTEL CORP	$0	–	-15,498	–	-0.15%	–
	Exit	ESS TECH INC	$0	–	-98,163	–	-0.15%	–
DON	Exit	WISDOMTREE TRus midcap divid	$0	–	-10,711	–	-0.15%	–
VUZI	Exit	VUZIX CORP	$0	–	-69,592	–	-0.15%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-2,783	–	-0.16%	–
AMBA	Exit	AMBARELLA INC	$0	–	-7,526	–	-0.16%	–
ARTNA	Exit	ARTESIAN RES CORPcl a	$0	–	-9,926	–	-0.18%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-9,265	–	-0.18%	–
	Exit	COHERENT CORP	$0	–	-14,357	–	-0.19%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-10,028	–	-0.19%	–
LEA	Exit	LEAR CORP	$0	–	-4,353	–	-0.19%	–
FORM	Exit	FORMFACTOR INC	$0	–	-21,570	–	-0.20%	–
MEDP	Exit	MEDPACE HLDGS INC	$0	–	-3,447	–	-0.20%	–
	Exit	ENOVIS CORPORATION	$0	–	-12,044	–	-0.21%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-20,249	–	-0.21%	–
VGZ	Exit	VISTA GOLD CORP	$0	–	-1,088,153	–	-0.21%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-49,140	–	-0.21%	–
EWSC	Exit	INVESCO EXCHANGE TRADED FD Ts&p sml 600 eq	$0	–	-9,655	–	-0.23%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-7,739	–	-0.23%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-7,124	–	-0.23%	–
NVR	Exit	NVR INC	$0	–	-169	–	-0.25%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,542	–	-0.26%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-3,416	–	-0.26%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,981	–	-0.26%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP	$0	–	-8,794	–	-0.28%	–
ENS	Exit	ENERSYS	$0	–	-13,132	–	-0.28%	–
BCTX	Exit	BRIACELL THERAPEUTICS CORP	$0	–	-137,689	–	-0.29%	–
FTV	Exit	FORTIVE CORP	$0	–	-13,559	–	-0.29%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-5,068	–	-0.30%	–
	Exit	HAGERTY INC	$0	–	-89,036	–	-0.30%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-5,993	–	-0.30%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,492	–	-0.31%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-6,636	–	-0.31%	–
VRAY	Exit	VIEWRAY INC	$0	–	-231,801	–	-0.31%	–
NOW	Exit	SERVICENOW INC	$0	–	-2,253	–	-0.32%	–
RMCF	Exit	ROCKY MTN CHOCOLATE FACTORY	$0	–	-146,941	–	-0.33%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-7,508	–	-0.33%	–
DOW	Exit	DOW INC	$0	–	-20,406	–	-0.33%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-5,562	–	-0.33%	–
CRM	Exit	SALESFORCE INC	$0	–	-6,269	–	-0.34%	–
PGNY	Exit	PROGYNY INC	$0	–	-24,605	–	-0.34%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-8,811	–	-0.34%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-24,416	–	-0.34%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-4,273	–	-0.35%	–
MCO	Exit	MOODYS CORP	$0	–	-3,992	–	-0.36%	–
INGN	Exit	INOGEN INC	$0	–	-40,624	–	-0.37%	–
AZEK	Exit	AZEK CO INCcl a	$0	–	-59,632	–	-0.37%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,631	–	-0.38%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-5,504	–	-0.38%	–
VSAT	Exit	VIASAT INC	$0	–	-34,625	–	-0.39%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-12,872	–	-0.39%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-24,143	–	-0.39%	–
SLP	Exit	SIMULATIONS PLUS INC	$0	–	-21,927	–	-0.40%	–
AQUA	Exit	EVOQUA WATER TECHNOLOGIES CO	$0	–	-32,221	–	-0.40%	–
RLI	Exit	RLI CORP	$0	–	-10,488	–	-0.40%	–
JEPI	Exit	J P MORGAN EXCHANGE TRADED Fequity premium	$0	–	-21,226	–	-0.40%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-672	–	-0.41%	–
ALRM	Exit	ALARM COM HLDGS INC	$0	–	-17,056	–	-0.41%	–
PTON	Exit	PELOTON INTERACTIVE INC	$0	–	-161,738	–	-0.42%	–
BA	Exit	BOEING CO	$0	–	-9,403	–	-0.42%	–
XPER	Exit	XPERI HOLDING CORP	$0	–	-81,668	–	-0.43%	–
	Exit	ADEIA INC	$0	–	-81,668	–	-0.43%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-11,742	–	-0.43%	–
PAYX	Exit	PAYCHEX INC	$0	–	-10,416	–	-0.44%	–
GMRE	Exit	GLOBAL MED REIT INC	$0	–	-139,143	–	-0.44%	–
BMI	Exit	BADGER METER INC	$0	–	-12,912	–	-0.44%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,831	–	-0.47%	–
MITK	Exit	MITEK SYS INC	$0	–	-138,656	–	-0.47%	–
DY	Exit	DYCOM INDS INC	$0	–	-13,547	–	-0.48%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-15,869	–	-0.48%	–
LESL	Exit	LESLIES INC	$0	–	-88,771	–	-0.49%	–
MRK	Exit	MERCK & CO INC	$0	–	-15,252	–	-0.49%	–
CPF	Exit	CENTRAL PAC FINL CORP	$0	–	-66,904	–	-0.52%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-20,155	–	-0.52%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-4,279	–	-0.55%	–
PEP	Exit	PEPSICO INC	$0	–	-9,222	–	-0.56%	–
AXTI	Exit	AXT INC	$0	–	-226,288	–	-0.56%	–
SKT	Exit	TANGER FACTORY OUTLET CTRS I	$0	–	-113,067	–	-0.58%	–
STAA	Exit	STAAR SURGICAL CO	$0	–	-22,256	–	-0.58%	–
OMCL	Exit	OMNICELL COM	$0	–	-18,294	–	-0.59%	–
SLAB	Exit	SILICON LABORATORIES INC	$0	–	-13,234	–	-0.61%	–
AUB	Exit	ATLANTIC UN BANKSHARES CORP	$0	–	-54,563	–	-0.62%	–
ECL	Exit	ECOLAB INC	$0	–	-11,670	–	-0.63%	–
LEGH	Exit	LEGACY HOUSING CORP	$0	–	-99,267	–	-0.63%	–
BL	Exit	BLACKLINE INC	$0	–	-28,481	–	-0.64%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-6,896	–	-0.66%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG PL	$0	–	-47,561	–	-0.66%	–
HTBK	Exit	HERITAGE COMM CORP	$0	–	-157,003	–	-0.66%	–
DGII	Exit	DIGI INTL INC	$0	–	-51,673	–	-0.66%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-20,883	–	-0.67%	–
MORN	Exit	MORNINGSTAR INC	$0	–	-8,500	–	-0.67%	–
TRUP	Exit	TRUPANION INC	$0	–	-31,512	–	-0.70%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-19,540	–	-0.70%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-26,335	–	-0.70%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-7,646	–	-0.74%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-11,727	–	-0.74%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-39,467	–	-0.76%	–
D	Exit	DOMINION ENERGY INC	$0	–	-29,770	–	-0.77%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-15,613	–	-0.78%	–
CSCO	Exit	CISCO SYS INC	$0	–	-52,739	–	-0.78%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC	$0	–	-47,829	–	-0.79%	–
ERII	Exit	ENERGY RECOVERY INC	$0	–	-99,310	–	-0.80%	–
XPEL	Exit	XPEL INC	$0	–	-33,833	–	-0.81%	–
BOH	Exit	BANK HAWAII CORP	$0	–	-29,038	–	-0.82%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-15,326	–	-0.82%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-8,050	–	-0.85%	–
FAST	Exit	FASTENAL CO	$0	–	-49,685	–	-0.85%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-14,074	–	-0.86%	–
MMM	Exit	3M CO	$0	–	-20,815	–	-0.86%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-141,597	–	-0.88%	–
ADSK	Exit	AUTODESK INC	$0	–	-12,858	–	-0.89%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-27,088	–	-0.90%	–
TPL	Exit	TEXAS PACIFIC LAND CORPORATI	$0	–	-1,427	–	-0.94%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,183	–	-0.97%	–
HCSG	Exit	HEALTHCARE SVCS GROUP INC	$0	–	-216,142	–	-0.97%	–
PAR	Exit	PAR TECHNOLOGY CORP	$0	–	-91,372	–	-1.00%	–
NSSC	Exit	NAPCO SEC TECHNOLOGIES INC	$0	–	-93,855	–	-1.02%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-18,595	–	-1.02%	–
INTZ	Exit	INTRUSION INC	$0	–	-574,696	–	-1.03%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-15,180	–	-1.05%	–
LSXMA	Exit	LIBERTY MEDIA CORP DEL	$0	–	-86,118	–	-1.22%	–
AAPL	Exit	APPLE INC	$0	–	-24,368	–	-1.25%	–
KMX	Exit	CARMAX INC	$0	–	-53,942	–	-1.32%	–
CPRT	Exit	COPART INC	$0	–	-33,894	–	-1.34%	–
CLAR	Exit	CLARUS CORP NEW	$0	–	-269,404	–	-1.35%	–
V	Exit	VISA INC	$0	–	-22,035	–	-1.46%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-83,120	–	-1.51%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-61,250	–	-1.52%	–
AMZN	Exit	AMAZON COM INC	$0	–	-37,311	–	-1.57%	–
INTU	Exit	INTUIT	$0	–	-11,085	–	-1.60%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-28,735	–	-1.66%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-49,835	–	-1.77%	–
FISV	Exit	FISERV INC	$0	–	-52,464	–	-1.83%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-119,689	–	-1.98%	–
WSO	Exit	WATSCO INC	$0	–	-21,073	–	-2.02%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-20,451	–	-2.03%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-53,234	–	-2.07%	–
CCOI	Exit	COGENT COMMUNICATIONS HLDGS	$0	–	-110,689	–	-2.15%	–
MKL	Exit	MARKEL CORP	$0	–	-6,215	–	-2.51%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-107,042	–	-5.72%	–

Q3 2022

			Value		Shares		↓ Weighting
CVX	Buy	CHEVRON CORP NEW	$15,379,000	-0.7%	107,042	+0.1%	5.72%	+3.0%
MKL	Buy	MARKEL CORP	$6,738,000	-13.0%	6,215	+3.7%	2.51%	-9.8%
CCOI	Buy	COGENT COMMUNICATIONS HLDGS	$5,774,000	+16.3%	110,689	+35.5%	2.15%	+20.7%
JPM	Buy	JPMORGAN CHASE & CO	$5,563,000	-6.7%	53,234	+0.5%	2.07%	-3.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$5,461,000	-1.0%	20,451	+1.2%	2.03%	+2.6%
WSO	Buy	WATSCO INC	$5,425,000	+20.1%	21,073	+11.4%	2.02%	+24.6%
XPO	Sell	XPO LOGISTICS INC	$5,329,000	-7.7%	119,689	-0.1%	1.98%	-4.3%
FISV	Sell	FISERV INC	$4,909,000	+5.1%	52,464	-0.1%	1.83%	+9.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$4,767,000	-10.8%	49,835	+1931.6%	1.77%	-7.6%
TXN	Sell	TEXAS INSTRS INC	$4,448,000	+0.2%	28,735	-0.6%	1.66%	+3.8%
INTU	Buy	INTUIT	$4,293,000	+3.3%	11,085	+2.8%	1.60%	+7.1%
AMZN	Sell	AMAZON COM INC	$4,216,000	+6.1%	37,311	-0.2%	1.57%	+10.0%
CP	Buy	CANADIAN PAC RY LTD	$4,087,000	-2.7%	61,250	+1.8%	1.52%	+0.9%
KNX	Sell	KNIGHT-SWIFT TRANSN HLDGS INcl a	$4,067,000	+4.5%	83,120	-1.1%	1.51%	+8.4%
V	Buy	VISA INC	$3,914,000	-8.2%	22,035	+1.8%	1.46%	-4.8%
CLAR	Buy	CLARUS CORP NEW	$3,629,000	+40.0%	269,404	+97.4%	1.35%	+45.3%
CPRT	Buy	COPART INC	$3,606,000	-0.6%	33,894	+1.5%	1.34%	+3.1%
KMX	Buy	CARMAX INC	$3,561,000	-1.0%	53,942	+35.7%	1.32%	+2.6%
AAPL	Sell	APPLE INC	$3,368,000	-0.7%	24,368	-1.8%	1.25%	+2.9%
LSXMA	Sell	LIBERTY MEDIA CORP DEL	$3,279,000	+2.7%	86,118	-2.8%	1.22%	+6.5%
TSCO	Sell	TRACTOR SUPPLY CO	$2,822,000	-4.4%	15,180	-0.4%	1.05%	-0.9%
INTZ	Buy	INTRUSION INC	$2,770,000	+24.6%	574,696	+1.1%	1.03%	+29.2%
NXPI	Buy	NXP SEMICONDUCTORS N V	$2,743,000	+1.9%	18,595	+2.3%	1.02%	+5.7%
NSSC	Sell	NAPCO SEC TECHNOLOGIES INC	$2,729,000	+41.0%	93,855	-0.2%	1.02%	+46.2%
PAR	Buy	PAR TECHNOLOGY CORP	$2,698,000	-19.0%	91,372	+2.8%	1.00%	-16.1%
HCSG	Sell	HEALTHCARE SVCS GROUP INC	$2,613,000	-32.9%	216,142	-3.3%	0.97%	-30.4%
MSFT	Buy	MICROSOFT CORP	$2,605,000	-0.9%	11,183	+9.3%	0.97%	+2.9%
TPL	Sell	TEXAS PACIFIC LAND CORPORATI	$2,536,000	+9.0%	1,427	-8.7%	0.94%	+13.1%
SPG	Buy	SIMON PPTY GROUP INC NEW	$2,431,000	-0.1%	27,088	+5.7%	0.90%	+3.7%
ADSK	Sell	AUTODESK INC	$2,402,000	+8.3%	12,858	-0.2%	0.89%	+12.3%
KMI	Sell	KINDER MORGAN INC DEL	$2,356,000	-3.6%	141,597	-2.9%	0.88%	0.0%
MMM	Sell	3M CO	$2,300,000	-20.2%	20,815	-6.6%	0.86%	-17.3%
JNJ	Sell	JOHNSON & JOHNSON	$2,299,000	-11.1%	14,074	-3.4%	0.86%	-7.9%
MA	Buy	MASTERCARD INCORPORATEDcl a	$2,289,000	-1.9%	8,050	+8.8%	0.85%	+1.7%
FAST	Buy	FASTENAL CO	$2,288,000	-3.8%	49,685	+4.3%	0.85%	-0.2%
CCI	Buy	CROWN CASTLE INC	$2,215,000	-3.7%	15,326	+12.2%	0.82%	-0.1%
BOH	Sell	BANK HAWAII CORP	$2,210,000	+0.5%	29,038	-1.8%	0.82%	+4.2%
XPEL	Sell	XPEL INC	$2,180,000	+40.0%	33,833	-0.2%	0.81%	+45.1%
ERII	Buy	ENERGY RECOVERY INC	$2,159,000	+17.5%	99,310	+5.0%	0.80%	+22.0%
IRDM	Sell	IRIDIUM COMMUNICATIONS INC	$2,122,000	+18.0%	47,829	-0.2%	0.79%	+22.3%
CSCO	Buy	CISCO SYS INC	$2,110,000	+8.0%	52,739	+15.1%	0.78%	+12.0%
TMUS	Buy	T-MOBILE US INC	$2,095,000	+1.0%	15,613	+1.3%	0.78%	+4.8%
D	Sell	DOMINION ENERGY INC	$2,057,000	-14.6%	29,770	-1.4%	0.77%	-11.4%
HXL	Buy	HEXCEL CORP NEW	$2,041,000	-0.3%	39,467	+0.8%	0.76%	+3.4%
VRSK	Buy	VERISK ANALYTICS INC	$2,000,000	-0.0%	11,727	+1.5%	0.74%	+3.6%
DHR	Buy	DANAHER CORPORATION	$1,975,000	+2.9%	7,646	+1.0%	0.74%	+6.7%
SCHW	Sell	SCHWAB CHARLES CORP	$1,893,000	+12.8%	26,335	-0.8%	0.70%	+17.1%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,879,000	-12.1%	19,540	+1900.0%	0.70%	-8.9%
TRUP	Sell	TRUPANION INC	$1,873,000	-2.5%	31,512	-1.1%	0.70%	+1.2%
MORN	Buy	MORNINGSTAR INC	$1,805,000	+20.6%	8,500	+37.3%	0.67%	+25.1%
PYPL	Sell	PAYPAL HLDGS INC	$1,797,000	+18.8%	20,883	-3.6%	0.67%	+23.2%
DGII	Sell	DIGI INTL INC	$1,786,000	+42.4%	51,673	-0.2%	0.66%	+47.8%
HTBK	Sell	HERITAGE COMM CORP	$1,780,000	+5.9%	157,003	-0.2%	0.66%	+9.8%
ACN	Buy	ACCENTURE PLC IRELAND	$1,774,000	-3.4%	6,896	+4.3%	0.66%	+0.2%
ST	Sell	SENSATA TECHNOLOGIES HLDG PL	$1,773,000	-11.9%	47,561	-2.4%	0.66%	-8.6%
BL	Sell	BLACKLINE INC	$1,706,000	-10.2%	28,481	-0.2%	0.64%	-6.9%
LEGH	Sell	LEGACY HOUSING CORP	$1,702,000	+31.1%	99,267	-0.2%	0.63%	+35.8%
ECL	Buy	ECOLAB INC	$1,685,000	+4.2%	11,670	+11.0%	0.63%	+8.1%
AUB	Sell	ATLANTIC UN BANKSHARES CORP	$1,658,000	-10.5%	54,563	-0.1%	0.62%	-7.2%
SLAB	Buy	SILICON LABORATORIES INC	$1,634,000	-11.8%	13,234	+0.2%	0.61%	-8.6%
OMCL	Buy	OMNICELL COM	$1,592,000	-17.7%	18,294	+7.6%	0.59%	-14.7%
STAA	Sell	STAAR SURGICAL CO	$1,570,000	-0.9%	22,256	-0.3%	0.58%	+2.6%
SKT	Sell	TANGER FACTORY OUTLET CTRS I	$1,547,000	-4.0%	113,067	-0.2%	0.58%	-0.3%
AXTI	Buy	AXT INC	$1,516,000	+135.4%	226,288	+105.8%	0.56%	+144.2%
PEP	Buy	PEPSICO INC	$1,506,000	+10.6%	9,222	+12.9%	0.56%	+14.5%
CSGP	Sell	COSTAR GROUP INC	$1,404,000	+14.1%	20,155	-1.0%	0.52%	+18.6%
CPF	Sell	CENTRAL PAC FINL CORP	$1,384,000	-3.8%	66,904	-0.2%	0.52%	-0.2%
MRK	Sell	MERCK & CO INC	$1,313,000	-9.8%	15,252	-4.5%	0.49%	-6.5%
LESL	Sell	LESLIES INC	$1,306,000	-3.3%	88,771	-0.2%	0.49%	+0.2%
MITK	Sell	MITEK SYS INC	$1,270,000	-1.1%	138,656	-0.2%	0.47%	+2.6%
AVGO	Sell	BROADCOM INC	$1,257,000	-9.6%	2,831	-1.1%	0.47%	-6.2%
GMRE	Buy	GLOBAL MED REIT INC	$1,186,000	-17.1%	139,143	+9.3%	0.44%	-14.0%
PAYX	Sell	PAYCHEX INC	$1,169,000	-2.3%	10,416	-1.0%	0.44%	+1.2%
DLR	Sell	DIGITAL RLTY TR INC	$1,165,000	-25.8%	11,742	-2.9%	0.43%	-22.9%
XPER	Sell	XPERI HOLDING CORP	$1,155,000	-2.2%	81,668	-0.2%	0.43%	+1.4%
	New	ADEIA INC	$1,155,000	–	81,668	–	0.43%	–
BA	Buy	BOEING CO	$1,139,000	-5.9%	9,403	+6.2%	0.42%	-2.5%
PTON	Sell	PELOTON INTERACTIVE INC	$1,121,000	-33.9%	161,738	-12.4%	0.42%	-31.4%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$1,087,000	-4.6%	21,226	+3.3%	0.40%	-1.0%
AQUA	Buy	EVOQUA WATER TECHNOLOGIES CO	$1,066,000	+209.0%	32,221	+203.9%	0.40%	+220.2%
SLP	Sell	SIMULATIONS PLUS INC	$1,064,000	-1.8%	21,927	-0.3%	0.40%	+1.8%
UL	Sell	UNILEVER PLCspon adr new	$1,058,000	-7.6%	24,143	-3.4%	0.39%	-4.1%
FELE	Buy	FRANKLIN ELEC INC	$1,052,000	+163.0%	12,872	+135.6%	0.39%	+172.2%
VSAT	Sell	VIASAT INC	$1,047,000	-1.6%	34,625	-0.3%	0.39%	+2.1%
ISRG	Sell	INTUITIVE SURGICAL INC	$1,032,000	-9.0%	5,504	-2.6%	0.38%	-5.7%
LMT	Sell	LOCKHEED MARTIN CORP	$1,016,000	-11.4%	2,631	-1.3%	0.38%	-8.3%
AZEK	Sell	AZEK CO INCcl a	$991,000	-0.9%	59,632	-0.2%	0.37%	+2.8%
INGN	Sell	INOGEN INC	$986,000	-1.0%	40,624	-1.3%	0.37%	+2.8%
BDX	Sell	BECTON DICKINSON & CO	$952,000	-12.2%	4,273	-2.8%	0.35%	-9.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$927,000	-34.0%	24,416	-11.8%	0.34%	-31.5%
CRM	Buy	SALESFORCE INC	$902,000	-9.9%	6,269	+3.4%	0.34%	-6.4%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$898,000	-11.9%	5,562	-0.4%	0.33%	-8.7%
DOW	Buy	DOW INC	$896,000	-11.5%	20,406	+4.0%	0.33%	-8.5%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$892,000	-16.9%	7,508	-1.2%	0.33%	-13.8%
RMCF	Sell	ROCKY MTN CHOCOLATE FACTORY	$883,000	-12.9%	146,941	-0.2%	0.33%	-9.6%
NOW	Buy	SERVICENOW INC	$851,000	-16.2%	2,253	+5.4%	0.32%	-13.2%
VRAY	Buy	VIEWRAY INC	$844,000	+268.6%	231,801	+168.6%	0.31%	+282.9%
PG	Buy	PROCTER AND GAMBLE CO	$838,000	-11.6%	6,636	+0.6%	0.31%	-8.2%
BLK	Buy	BLACKROCK INC	$821,000	-2.1%	1,492	+8.3%	0.31%	+1.7%
FB	Sell	META PLATFORMS INCcl a	$813,000	-16.3%	5,993	-0.5%	0.30%	-13.2%
	Sell	HAGERTY INC	$800,000	-22.1%	89,036	-0.4%	0.30%	-19.2%
FTV	Buy	FORTIVE CORP	$790,000	+13.3%	13,559	+5.7%	0.29%	+17.6%
BCTX	Sell	BRIACELL THERAPEUTICS CORP	$774,000	-2.8%	137,689	-0.2%	0.29%	+0.7%
ALGN	Buy	ALIGN TECHNOLOGY INC	$707,000	-11.0%	3,416	+1.8%	0.26%	-7.7%
HD	Sell	HOME DEPOT INC	$701,000	-0.1%	2,542	-0.7%	0.26%	+3.6%
NVR	Sell	NVR INC	$674,000	-8.0%	169	-7.7%	0.25%	-4.6%
EWSC	Sell	INVESCO EXCHANGE TRADED FD Ts&p sml 600 eq	$608,000	-9.4%	9,655	-2.6%	0.23%	-6.2%
GWRS	Buy	GLOBAL WTR RES INC	$576,000	+16.1%	49,140	+30.8%	0.21%	+20.2%
VGZ	Buy	VISTA GOLD CORP	$573,000	-22.6%	1,088,153	+0.0%	0.21%	-19.9%
DAL	Sell	DELTA AIR LINES INC DEL	$568,000	-4.4%	20,249	-1.3%	0.21%	-0.9%
	Sell	ENOVIS CORPORATION	$555,000	-20.9%	12,044	-5.6%	0.21%	-17.9%
MEDP	Sell	MEDPACE HLDGS INC	$542,000	+4.4%	3,447	-0.6%	0.20%	+8.6%
LEA	Sell	LEAR CORP	$521,000	-6.0%	4,353	-1.0%	0.19%	-2.5%
	New	COHERENT CORP	$500,000	–	14,357	–	0.19%	–
DOCU	Buy	DOCUSIGN INC	$495,000	+7.4%	9,265	+15.3%	0.18%	+11.5%
ARTNA	Buy	ARTESIAN RES CORPcl a	$478,000	+13.5%	9,926	+16.0%	0.18%	+17.9%
PNC	Buy	PNC FINL SVCS GROUP INC	$416,000	-4.4%	2,783	+0.9%	0.16%	-0.6%
DON	Buy	WISDOMTREE TRus midcap divid	$403,000	-3.4%	10,711	+0.1%	0.15%	0.0%
	Sell	ESS TECH INC	$401,000	+45.3%	98,163	-0.2%	0.15%	+50.5%
INTC	Sell	INTEL CORP	$399,000	-50.5%	15,498	-28.1%	0.15%	-48.8%
LOW	Buy	LOWES COS INC	$397,000	+7.6%	2,116	+0.0%	0.15%	+12.1%
WTS	Sell	WATTS WATER TECHNOLOGIES INCcl a	$394,000	+2.3%	3,133	-0.2%	0.15%	+6.5%
VEA	Buy	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$377,000	-10.7%	10,358	+0.1%	0.14%	-7.3%
WRAP	Sell	WRAP TECHNOLOGIES INC	$351,000	-8.1%	205,234	-0.2%	0.13%	-4.4%
KRNT	Sell	KORNIT DIGITAL LTD	$304,000	-16.0%	11,416	-0.0%	0.11%	-13.1%
HRTX	Sell	HERON THERAPEUTICS INC	$275,000	+51.1%	65,136	-0.4%	0.10%	+56.9%
PPG	Buy	PPG INDS INC	$262,000	-0.8%	2,363	+2.2%	0.10%	+3.2%
KO	Buy	COCA COLA CO	$262,000	-9.3%	4,683	+2.1%	0.10%	-5.8%
SPEM	Sell	SPDR INDEX SHS FDSportfolio emg mk	$258,000	-14.9%	8,323	-4.5%	0.10%	-11.9%
LTRN	Sell	LANTERN PHARMA INC	$237,000	-16.5%	49,502	-0.3%	0.09%	-13.7%
CLVT	Sell	CLARIVATE PLC	$222,000	-32.3%	23,654	-0.2%	0.08%	-29.7%
UNP	Buy	UNION PAC CORP	$224,000	-7.1%	1,152	+2.1%	0.08%	-3.5%
NVO	Buy	NOVO-NORDISK A Sadr	$212,000	-10.5%	2,126	+0.0%	0.08%	-7.1%
DGRS	Buy	WISDOMTREE TRus s cap qty div	$205,000	-8.9%	5,701	+0.4%	0.08%	-6.2%
IDYA	Sell	IDEAYA BIOSCIENCES INC	$189,000	+7.4%	12,700	-0.2%	0.07%	+11.1%
	Sell	LIVEONE INC	$174,000	-17.1%	244,540	-0.2%	0.06%	-13.3%
DYN	Sell	DYNE THERAPEUTICS INC	$167,000	+83.5%	13,168	-0.2%	0.06%	+87.9%
IKT	Sell	INHIBIKASE THERAPEUTICS INC	$111,000	+22.0%	122,477	-0.2%	0.04%	+24.2%
RNAZ	Sell	TRANSCODE THERAPEUTICS INC	$100,000	-13.0%	90,874	-0.2%	0.04%	-9.8%
LPSN	Sell	LIVEPERSON INC	$96,000	-33.3%	10,170	-0.2%	0.04%	-30.8%
APM	Sell	APTORUM GROUP LIMITED	$72,000	-16.3%	62,682	-0.2%	0.03%	-12.9%
BDTX	Sell	BLACK DIAMOND THERAPEUTICS I	$27,000	-30.8%	15,978	-0.2%	0.01%	-28.6%
KRBP	Sell	KIROMIC BIOPHARMA INC	$12,000	-36.8%	41,758	-5.9%	0.00%	-42.9%
PGEN	Exit	PRECIGEN INC	$0	–	-11,689	–	-0.01%	–
CVM	Exit	CEL-SCI CORP	$0	–	-13,599	–	-0.02%	–
BOXL	Exit	BOXLIGHT CORP	$0	–	-185,588	–	-0.04%	–
PFE	Exit	PFIZER INC	$0	–	-4,310	–	-0.08%	–
FDX	Exit	FEDEX CORP	$0	–	-1,068	–	-0.09%	–
	Exit	ESAB CORPORATION	$0	–	-5,680	–	-0.09%	–
SMLR	Exit	SEMLER SCIENTIFIC INC	$0	–	-9,069	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-7,220	–	-0.10%	–
ZYXI	Exit	ZYNEX INC	$0	–	-47,139	–	-0.14%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-87,347	–	-0.24%	–
IIVI	Exit	II-VI INC	$0	–	-14,357	–	-0.26%	–
CSSE	Exit	CHICKEN SOUP FOR THE SOUL ENcl a	$0	–	-106,328	–	-0.28%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-7,155	–	-0.29%	–
UGRO	Exit	URBAN-GRO INC	$0	–	-182,514	–	-0.32%	–
PI	Exit	IMPINJ INC	$0	–	-18,003	–	-0.38%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-14,034	–	-0.40%	–
PRO	Exit	PROS HOLDINGS INC	$0	–	-49,394	–	-0.46%	–

Q2 2022

			Value		Shares		↓ Weighting
CVX	New	CHEVRON CORP NEW	$15,486,000	–	106,960	–	5.56%	–
MKL	New	MARKEL CORP	$7,748,000	–	5,991	–	2.78%	–
JPM	New	JPMORGAN CHASE & CO	$5,964,000	–	52,958	–	2.14%	–
XPO	New	XPO LOGISTICS INC	$5,772,000	–	119,852	–	2.07%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,517,000	–	20,207	–	1.98%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,346,000	–	2,453	–	1.92%	–
CCOI	New	COGENT COMMUNICATIONS HLDGS	$4,963,000	–	81,674	–	1.78%	–
FISV	New	FISERV INC	$4,670,000	–	52,494	–	1.68%	–
WSO	New	WATSCO INC	$4,516,000	–	18,911	–	1.62%	–
TXN	New	TEXAS INSTRS INC	$4,441,000	–	28,903	–	1.59%	–
V	New	VISA INC	$4,263,000	–	21,651	–	1.53%	–
CP	New	CANADIAN PAC RY LTD	$4,201,000	–	60,151	–	1.51%	–
INTU	New	INTUIT	$4,157,000	–	10,786	–	1.49%	–
AMZN	New	AMAZON COM INC	$3,972,000	–	37,401	–	1.43%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$3,892,000	–	84,080	–	1.40%	–
HCSG	New	HEALTHCARE SVCS GROUP INC	$3,893,000	–	223,579	–	1.40%	–
CPRT	New	COPART INC	$3,629,000	–	33,401	–	1.30%	–
KMX	New	CARMAX INC	$3,597,000	–	39,757	–	1.29%	–
AAPL	New	APPLE INC	$3,393,000	–	24,819	–	1.22%	–
PAR	New	PAR TECHNOLOGY CORP	$3,331,000	–	88,846	–	1.20%	–
LSXMA	New	LIBERTY MEDIA CORP DEL	$3,192,000	–	88,558	–	1.15%	–
TSCO	New	TRACTOR SUPPLY CO	$2,953,000	–	15,235	–	1.06%	–
MMM	New	3M CO	$2,884,000	–	22,282	–	1.04%	–
NXPI	New	NXP SEMICONDUCTORS N V	$2,691,000	–	18,180	–	0.97%	–
MSFT	New	MICROSOFT CORP	$2,628,000	–	10,234	–	0.94%	–
CLAR	New	CLARUS CORP NEW	$2,592,000	–	136,472	–	0.93%	–
JNJ	New	JOHNSON & JOHNSON	$2,587,000	–	14,576	–	0.93%	–
KMI	New	KINDER MORGAN INC DEL	$2,443,000	–	145,759	–	0.88%	–
SPG	New	SIMON PPTY GROUP INC NEW	$2,433,000	–	25,633	–	0.87%	–
D	New	DOMINION ENERGY INC	$2,409,000	–	30,179	–	0.86%	–
FAST	New	FASTENAL CO	$2,379,000	–	47,651	–	0.85%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,334,000	–	7,399	–	0.84%	–
TPL	New	TEXAS PACIFIC LAND CORPORATI	$2,326,000	–	1,563	–	0.84%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$2,299,000	–	13,654	–	0.82%	–
INTZ	New	INTRUSION INC	$2,223,000	–	568,454	–	0.80%	–
ADSK	New	AUTODESK INC	$2,217,000	–	12,890	–	0.80%	–
BOH	New	BANK HAWAII CORP	$2,200,000	–	29,569	–	0.79%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,137,000	–	977	–	0.77%	–
TMUS	New	T-MOBILE US INC	$2,074,000	–	15,417	–	0.74%	–
HXL	New	HEXCEL CORP NEW	$2,048,000	–	39,158	–	0.74%	–
ST	New	SENSATA TECHNOLOGIES HLDG PL	$2,012,000	–	48,711	–	0.72%	–
VRSK	New	VERISK ANALYTICS INC	$2,001,000	–	11,558	–	0.72%	–
CSCO	New	CISCO SYS INC	$1,953,000	–	45,811	–	0.70%	–
NSSC	New	NAPCO SEC TECHNOLOGIES INC	$1,936,000	–	94,039	–	0.70%	–
OMCL	New	OMNICELL COM	$1,934,000	–	17,004	–	0.69%	–
TRUP	New	TRUPANION INC	$1,921,000	–	31,877	–	0.69%	–
DHR	New	DANAHER CORPORATION	$1,919,000	–	7,568	–	0.69%	–
BL	New	BLACKLINE INC	$1,900,000	–	28,531	–	0.68%	–
AUB	New	ATLANTIC UN BANKSHARES CORP	$1,853,000	–	54,626	–	0.66%	–
SLAB	New	SILICON LABORATORIES INC	$1,852,000	–	13,211	–	0.66%	–
ERII	New	ENERGY RECOVERY INC	$1,837,000	–	94,587	–	0.66%	–
ACN	New	ACCENTURE PLC IRELAND	$1,836,000	–	6,614	–	0.66%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$1,799,000	–	47,910	–	0.65%	–
PTON	New	PELOTON INTERACTIVE INC	$1,695,000	–	184,597	–	0.61%	–
HTBK	New	HERITAGE COMM CORP	$1,681,000	–	157,282	–	0.60%	–
SCHW	New	SCHWAB CHARLES CORP	$1,678,000	–	26,554	–	0.60%	–
ECL	New	ECOLAB INC	$1,617,000	–	10,517	–	0.58%	–
SKT	New	TANGER FACTORY OUTLET CTRS I	$1,611,000	–	113,270	–	0.58%	–
STAA	New	STAAR SURGICAL CO	$1,584,000	–	22,325	–	0.57%	–
DLR	New	DIGITAL RLTY TR INC	$1,570,000	–	12,096	–	0.56%	–
XPEL	New	XPEL INC	$1,557,000	–	33,892	–	0.56%	–
PYPL	New	PAYPAL HLDGS INC	$1,513,000	–	21,662	–	0.54%	–
MORN	New	MORNINGSTAR INC	$1,497,000	–	6,191	–	0.54%	–
MRK	New	MERCK & CO INC	$1,456,000	–	15,966	–	0.52%	–
AMAT	New	APPLIED MATLS INC	$1,444,000	–	15,869	–	0.52%	–
CPF	New	CENTRAL PAC FINL CORP	$1,438,000	–	67,030	–	0.52%	–
GMRE	New	GLOBAL MED REIT INC	$1,430,000	–	127,352	–	0.51%	–
TYL	New	TYLER TECHNOLOGIES INC	$1,423,000	–	4,279	–	0.51%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,405,000	–	27,694	–	0.50%	–
AVGO	New	BROADCOM INC	$1,391,000	–	2,863	–	0.50%	–
PEP	New	PEPSICO INC	$1,362,000	–	8,171	–	0.49%	–
LESL	New	LESLIES INC	$1,350,000	–	88,927	–	0.48%	–
LEGH	New	LEGACY HOUSING CORP	$1,298,000	–	99,438	–	0.47%	–
PRO	New	PROS HOLDINGS INC	$1,296,000	–	49,394	–	0.46%	–
MITK	New	MITEK SYS INC	$1,284,000	–	138,963	–	0.46%	–
DY	New	DYCOM INDS INC	$1,260,000	–	13,547	–	0.45%	–
DGII	New	DIGI INTL INC	$1,254,000	–	51,773	–	0.45%	–
CSGP	New	COSTAR GROUP INC	$1,230,000	–	20,365	–	0.44%	–
RLI	New	RLI CORP	$1,223,000	–	10,488	–	0.44%	–
BA	New	BOEING CO	$1,211,000	–	8,858	–	0.44%	–
PAYX	New	PAYCHEX INC	$1,197,000	–	10,516	–	0.43%	–
XPER	New	XPERI HOLDING CORP	$1,181,000	–	81,810	–	0.42%	–
BKNG	New	BOOKING HOLDINGS INC	$1,175,000	–	672	–	0.42%	–
LMT	New	LOCKHEED MARTIN CORP	$1,147,000	–	2,667	–	0.41%	–
UL	New	UNILEVER PLCspon adr new	$1,145,000	–	24,982	–	0.41%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$1,139,000	–	20,540	–	0.41%	–
ISRG	New	INTUITIVE SURGICAL INC	$1,134,000	–	5,649	–	0.41%	–
EMR	New	EMERSON ELEC CO	$1,116,000	–	14,034	–	0.40%	–
MCO	New	MOODYS CORP	$1,086,000	–	3,992	–	0.39%	–
BDX	New	BECTON DICKINSON & CO	$1,084,000	–	4,396	–	0.39%	–
SLP	New	SIMULATIONS PLUS INC	$1,084,000	–	21,982	–	0.39%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,073,000	–	7,597	–	0.38%	–
VSAT	New	VIASAT INC	$1,064,000	–	34,732	–	0.38%	–
ALRM	New	ALARM COM HLDGS INC	$1,055,000	–	17,056	–	0.38%	–
PI	New	IMPINJ INC	$1,056,000	–	18,003	–	0.38%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$1,047,000	–	8,811	–	0.38%	–
BMI	New	BADGER METER INC	$1,044,000	–	12,912	–	0.38%	–
	New	HAGERTY INC	$1,027,000	–	89,422	–	0.37%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$1,019,000	–	5,584	–	0.37%	–
NOW	New	SERVICENOW INC	$1,016,000	–	2,137	–	0.36%	–
DOW	New	DOW INC	$1,013,000	–	19,625	–	0.36%	–
RMCF	New	ROCKY MTN CHOCOLATE FACTORY	$1,014,000	–	147,207	–	0.36%	–
AZEK	New	AZEK CO INCcl a	$1,000,000	–	59,736	–	0.36%	–
CRM	New	SALESFORCE INC	$1,001,000	–	6,064	–	0.36%	–
INGN	New	INOGEN INC	$996,000	–	41,176	–	0.36%	–
FB	New	META PLATFORMS INCcl a	$971,000	–	6,024	–	0.35%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP	$971,000	–	8,794	–	0.35%	–
PG	New	PROCTER AND GAMBLE CO	$948,000	–	6,595	–	0.34%	–
UGRO	New	URBAN-GRO INC	$883,000	–	182,514	–	0.32%	–
BLK	New	BLACKROCK INC	$839,000	–	1,378	–	0.30%	–
FORM	New	FORMFACTOR INC	$835,000	–	21,570	–	0.30%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$813,000	–	7,155	–	0.29%	–
INTC	New	INTEL CORP	$806,000	–	21,553	–	0.29%	–
BCTX	New	BRIACELL THERAPEUTICS CORP	$796,000	–	137,942	–	0.29%	–
ALGN	New	ALIGN TECHNOLOGY INC	$794,000	–	3,355	–	0.28%	–
CSSE	New	CHICKEN SOUP FOR THE SOUL ENcl a	$788,000	–	106,328	–	0.28%	–
ENS	New	ENERSYS	$774,000	–	13,132	–	0.28%	–
IVV	New	ISHARES TRcore s&p500 etf	$751,000	–	1,981	–	0.27%	–
VGZ	New	VISTA GOLD CORP	$740,000	–	1,088,094	–	0.27%	–
NVR	New	NVR INC	$733,000	–	183	–	0.26%	–
IIVI	New	II-VI INC	$731,000	–	14,357	–	0.26%	–
PGNY	New	PROGYNY INC	$715,000	–	24,605	–	0.26%	–
HD	New	HOME DEPOT INC	$702,000	–	2,561	–	0.25%	–
	New	ENOVIS CORPORATION	$702,000	–	12,763	–	0.25%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$699,000	–	5,068	–	0.25%	–
FTV	New	FORTIVE CORP	$697,000	–	12,823	–	0.25%	–
EWSC	New	INVESCO EXCHANGE TRADED FD Ts&p sml 600 eq	$671,000	–	9,914	–	0.24%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$660,000	–	7,739	–	0.24%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$657,000	–	87,347	–	0.24%	–
AXTI	New	AXT INC	$644,000	–	109,981	–	0.23%	–
XOM	New	EXXON MOBIL CORP	$610,000	–	7,124	–	0.22%	–
DAL	New	DELTA AIR LINES INC DEL	$594,000	–	20,509	–	0.21%	–
MU	New	MICRON TECHNOLOGY INC	$554,000	–	10,028	–	0.20%	–
LEA	New	LEAR CORP	$554,000	–	4,397	–	0.20%	–
MEDP	New	MEDPACE HLDGS INC	$519,000	–	3,468	–	0.19%	–
GWRS	New	GLOBAL WTR RES INC	$496,000	–	37,561	–	0.18%	–
VUZI	New	VUZIX CORP	$494,000	–	69,592	–	0.18%	–
AMBA	New	AMBARELLA INC	$493,000	–	7,526	–	0.18%	–
CHD	New	CHURCH & DWIGHT CO INC	$486,000	–	5,243	–	0.17%	–
DOCU	New	DOCUSIGN INC	$461,000	–	8,038	–	0.16%	–
PNC	New	PNC FINL SVCS GROUP INC	$435,000	–	2,759	–	0.16%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$422,000	–	10,352	–	0.15%	–
ARTNA	New	ARTESIAN RES CORPcl a	$421,000	–	8,554	–	0.15%	–
DON	New	WISDOMTREE TRus midcap divid	$417,000	–	10,701	–	0.15%	–
FELE	New	FRANKLIN ELEC INC	$400,000	–	5,464	–	0.14%	–
NSC	New	NORFOLK SOUTHN CORP	$401,000	–	1,764	–	0.14%	–
WTS	New	WATTS WATER TECHNOLOGIES INCcl a	$385,000	–	3,138	–	0.14%	–
WRAP	New	WRAP TECHNOLOGIES INC	$382,000	–	205,593	–	0.14%	–
ZYXI	New	ZYNEX INC	$376,000	–	47,139	–	0.14%	–
MCK	New	MCKESSON CORP	$376,000	–	1,152	–	0.14%	–
LOW	New	LOWES COS INC	$369,000	–	2,115	–	0.13%	–
KRNT	New	KORNIT DIGITAL LTD	$362,000	–	11,419	–	0.13%	–
ARCC	New	ARES CAPITAL CORP	$348,000	–	19,395	–	0.12%	–
AQUA	New	EVOQUA WATER TECHNOLOGIES CO	$345,000	–	10,604	–	0.12%	–
CLVT	New	CLARIVATE PLC	$328,000	–	23,697	–	0.12%	–
SYK	New	STRYKER CORPORATION	$323,000	–	1,623	–	0.12%	–
SPEM	New	SPDR INDEX SHS FDSportfolio emg mk	$303,000	–	8,717	–	0.11%	–
KO	New	COCA COLA CO	$289,000	–	4,588	–	0.10%	–
MCD	New	MCDONALDS CORP	$286,000	–	1,158	–	0.10%	–
LTRN	New	LANTERN PHARMA INC	$284,000	–	49,664	–	0.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$283,000	–	7,220	–	0.10%	–
	New	ESS TECH INC	$276,000	–	98,330	–	0.10%	–
PPG	New	PPG INDS INC	$264,000	–	2,312	–	0.10%	–
SMLR	New	SEMLER SCIENTIFIC INC	$256,000	–	9,069	–	0.09%	–
RVT	New	ROYCE VALUE TR INC	$250,000	–	17,900	–	0.09%	–
	New	ESAB CORPORATION	$249,000	–	5,680	–	0.09%	–
FDX	New	FEDEX CORP	$242,000	–	1,068	–	0.09%	–
UNP	New	UNION PAC CORP	$241,000	–	1,128	–	0.09%	–
NVO	New	NOVO-NORDISK A Sadr	$237,000	–	2,125	–	0.08%	–
VRAY	New	VIEWRAY INC	$229,000	–	86,313	–	0.08%	–
PFE	New	PFIZER INC	$226,000	–	4,310	–	0.08%	–
DGRS	New	WISDOMTREE TRus s cap qty div	$225,000	–	5,681	–	0.08%	–
	New	LIVEONE INC	$210,000	–	244,982	–	0.08%	–
BCTXW	New	BRIACELL THERAPEUTICS CORP*w exp 02/24/202	$190,000	–	75,000	–	0.07%	–
HRTX	New	HERON THERAPEUTICS INC	$182,000	–	65,389	–	0.06%	–
IDYA	New	IDEAYA BIOSCIENCES INC	$176,000	–	12,720	–	0.06%	–
LPSN	New	LIVEPERSON INC	$144,000	–	10,190	–	0.05%	–
BOXL	New	BOXLIGHT CORP	$126,000	–	185,588	–	0.04%	–
RNAZ	New	TRANSCODE THERAPEUTICS INC	$115,000	–	91,034	–	0.04%	–
IKT	New	INHIBIKASE THERAPEUTICS INC	$91,000	–	122,682	–	0.03%	–
DYN	New	DYNE THERAPEUTICS INC	$91,000	–	13,191	–	0.03%	–
APM	New	APTORUM GROUP LIMITED	$86,000	–	62,790	–	0.03%	–
CVM	New	CEL-SCI CORP	$61,000	–	13,599	–	0.02%	–
BDTX	New	BLACK DIAMOND THERAPEUTICS I	$39,000	–	16,007	–	0.01%	–
HCDI	New	HARBOR CUSTOM DEVELOPMENT IN	$38,000	–	27,583	–	0.01%	–
KRBP	New	KIROMIC BIOPHARMA INC	$19,000	–	44,392	–	0.01%	–
PGEN	New	PRECIGEN INC	$16,000	–	11,689	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
PGEN	Exit	PRECIGEN INC COM	$0	–	-11,417	–	-0.02%	–
BDTX	Exit	BLACK DIAMOND THERAPEUTICS INC	$0	–	-15,633	–	-0.04%	–
KRBP	Exit	KIROMIC BIOPHARMA INC	$0	–	-46,370	–	-0.04%	–
APM	Exit	APTORUM GROUP LIMITED	$0	–	-59,589	–	-0.05%	–
CVM	Exit	CEL-SCI CORP COM PAR NEW	$0	–	-13,786	–	-0.05%	–
DYN	Exit	DYNE THERAPEUTICS INC	$0	–	-12,513	–	-0.06%	–
TFC	Exit	TRUIST FINL CORP COM	$0	–	-3,453	–	-0.06%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-3,517	–	-0.06%	–
MA	Exit	MASTERCARD INCORPORATED CL Acl a	$0	–	-660	–	-0.07%	–
MCK	Exit	MCKESSON CORP COM	$0	–	-1,152	–	-0.07%	–
FDX	Exit	FEDEX CORP COM	$0	–	-1,068	–	-0.07%	–
SQZ	Exit	SQZ BIOTECHNOLOGIES CO	$0	–	-16,436	–	-0.07%	–
ANVS	Exit	ANNOVIS BIO INC	$0	–	-7,878	–	-0.08%	–
DGRS	Exit	WISDOMTREE U.S. SMALLCAP QUALITY DIVIDEND GROWTH FUNDus s cap qty div	$0	–	-5,752	–	-0.08%	–
REGI	Exit	RENEWABLE ENERGY GROUP INC	$0	–	-5,458	–	-0.09%	–
TRHC	Exit	TABULA RASA HEALTHCARE INC COM	$0	–	-10,605	–	-0.09%	–
DM	Exit	DESKTOP METAL INC	$0	–	-40,689	–	-0.09%	–
IDYA	Exit	IDEAYA BIOSCIENCES INC COM	$0	–	-11,966	–	-0.10%	–
ARTNA	Exit	ARTESIAN RESOURCES CORPcl a	$0	–	-8,363	–	-0.10%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-18,270	–	-0.10%	–
SPEM	Exit	SPDR PORTFOLIO EMERGING MARKETS ETFportfolio emg mk	$0	–	-7,853	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHERN CRP	$0	–	-1,401	–	-0.10%	–
JMST	Exit	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETFultra sht muncpl	$0	–	-6,700	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEW CL Acl a	$0	–	-6,445	–	-0.11%	–
BCTXW	Exit	BRIACELL THERAPEUTICS CORP WT EX 022425*w exp 02/24/202	$0	–	-75,000	–	-0.11%	–
AQUA	Exit	EVOQUA WATER TECHNOLOGIES CORP COM	$0	–	-10,302	–	-0.12%	–
BOXL	Exit	BOXLIGHT CORP COM CL A	$0	–	-175,605	–	-0.12%	–
SMSI	Exit	SMITH MICRO SOFTWARE INC	$0	–	-82,985	–	-0.13%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$0	–	-5,416	–	-0.13%	–
VMAR	Exit	VISION MARINE TECHNOLOGIES INC	$0	–	-59,449	–	-0.13%	–
QUOT	Exit	QUOTIENT TECHNOLOGY INC COM	$0	–	-74,593	–	-0.14%	–
VGZ	Exit	VISTA GOLD CORP COM NEW	$0	–	-627,127	–	-0.14%	–
FELE	Exit	FRANKLIN ELECTRIC INC	$0	–	-5,733	–	-0.14%	–
RMCF	Exit	ROCKY MTN CHOCOLATE FACTORY IN COM	$0	–	-62,871	–	-0.15%	–
DON	Exit	WISDOMTREE U.S. MIDCAP DIVIDEND FUNDus midcap divid	$0	–	-11,296	–	-0.15%	–
ZYXI	Exit	ZYNEX INC COM	$0	–	-42,427	–	-0.15%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$0	–	-9,648	–	-0.15%	–
CLVT	Exit	CLARIVATE ANALYTICS PLC	$0	–	-23,085	–	-0.16%	–
WTS	Exit	WATTS WATER TECHNOLOGIES INCcl a	$0	–	-3,085	–	-0.16%	–
LTRN	Exit	LANTERN PHARMA INC COM	$0	–	-47,442	–	-0.17%	–
HRTX	Exit	HERON THERAPEUTICS INC COM	$0	–	-51,247	–	-0.17%	–
DRH	Exit	DIAMONDROCK HOSPITALITY	$0	–	-58,306	–	-0.17%	–
VT	Exit	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$0	–	-5,436	–	-0.17%	–
PG	Exit	PROCTER AND GAMBLE CO COM	$0	–	-3,991	–	-0.18%	–
PSTH	Exit	PERSHING SQUARE TONTINE HOLDINGS	$0	–	-28,328	–	-0.18%	–
NPTN	Exit	NEOPHOTONICS CORP COM	$0	–	-65,932	–	-0.18%	–
LPSN	Exit	LIVEPERSON INC COM	$0	–	-10,002	–	-0.18%	–
VRAY	Exit	VIEWRAY INC COM	$0	–	-82,443	–	-0.19%	–
ERII	Exit	ENERGY RECOVERY INC	$0	–	-31,491	–	-0.19%	–
JEPI	Exit	JPMORGAN EQUITY PREMIUM INCOME ETFequity premium	$0	–	-10,325	–	-0.19%	–
AUB	Exit	ATLANTIC UN BANKSHARES CORP COM	$0	–	-16,835	–	-0.19%	–
W	Exit	WAYFAIR INCcl a	$0	–	-2,471	–	-0.20%	–
NSSC	Exit	NAPCO SEC TECHNOLOGIES INC COM	$0	–	-14,989	–	-0.20%	–
MEDP	Exit	MEDPACE HLDGS INC COM	$0	–	-3,403	–	-0.20%	–
GWRS	Exit	GLOBAL WATER RESOURCES	$0	–	-36,683	–	-0.22%	–
LIVX	Exit	LIVEXLIVE MEDIA INC	$0	–	-238,642	–	-0.22%	–
HCDI	Exit	HARBOR CUSTOM DEVELOPMENT INC	$0	–	-306,728	–	-0.23%	–
KO	Exit	COCA COLA CO COM	$0	–	-13,872	–	-0.23%	–
VUZI	Exit	VUZIX CORPORATION	$0	–	-70,397	–	-0.23%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-5,365	–	-0.23%	–
	Exit	US ECOLOGY INC COM	$0	–	-23,369	–	-0.24%	–
DOW	Exit	DOW INC COM	$0	–	-13,446	–	-0.24%	–
IVV	Exit	ISHARES S&P 500 INDEXcore s&p500 etf	$0	–	-1,866	–	-0.25%	–
ADF	Exit	ALDEL FINANCIAL INC CL A COM	$0	–	-80,162	–	-0.25%	–
HD	Exit	HOME DEPOT	$0	–	-2,484	–	-0.26%	–
FORM	Exit	FORMFACTOR INC COM	$0	–	-22,029	–	-0.26%	–
IIVI	Exit	II-VI INC COM	$0	–	-13,990	–	-0.26%	–
SLP	Exit	SIMULATIONS PLUS INC COM	$0	–	-21,340	–	-0.26%	–
HTBK	Exit	HERITAGE COMMERCE CORP	$0	–	-72,859	–	-0.26%	–
PEP	Exit	PEPSICO INC COM	$0	–	-5,788	–	-0.27%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,048	–	-0.28%	–
MRK	Exit	MERCK & CO INC	$0	–	-11,770	–	-0.28%	–
CPF	Exit	CENTRAL PACIFIC FINANCIAL	$0	–	-35,205	–	-0.28%	–
LESL	Exit	LESLIE'S INC	$0	–	-44,162	–	-0.28%	–
AXTI	Exit	AXT INC	$0	–	-108,823	–	-0.28%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-5,842	–	-0.29%	–
LEGH	Exit	LEGACY HOUSING CORP COM	$0	–	-51,223	–	-0.29%	–
MU	Exit	MICRON TECHNOLOGY	$0	–	-13,034	–	-0.29%	–
ENS	Exit	ENERSYS COM	$0	–	-12,693	–	-0.30%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-13,435	–	-0.30%	–
STAA	Exit	STAAR SURGICAL CO COM PAR $0.01	$0	–	-7,374	–	-0.30%	–
DY	Exit	DYCOM INDS INC COM	$0	–	-13,506	–	-0.30%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-17,824	–	-0.30%	–
SPLK	Exit	SPLUNK INC	$0	–	-6,746	–	-0.31%	–
PI	Exit	IMPINJ INC COM	$0	–	-17,754	–	-0.32%	–
RLI	Exit	RLI CORP COM	$0	–	-10,206	–	-0.32%	–
PTON	Exit	PELOTON INTERACTIVE INC	$0	–	-11,768	–	-0.32%	–
NVR	Exit	NVR INC COM	$0	–	-219	–	-0.33%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-7,910	–	-0.33%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-5,926	–	-0.34%	–
DGII	Exit	DIGI INTERNATIONAL INC	$0	–	-52,123	–	-0.34%	–
BCTX	Exit	BRIACELL THERAPEUTICS CORP	$0	–	-136,593	–	-0.35%	–
INTC	Exit	INTEL CORP COM	$0	–	-21,065	–	-0.35%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-2,309	–	-0.35%	–
AMBA	Exit	AMBARELLA INC SHS	$0	–	-7,256	–	-0.35%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-7,029	–	-0.36%	–
LRN	Exit	STRIDE INC COM	$0	–	-32,222	–	-0.36%	–
MITK	Exit	MITEK SYS INC COM NEW	$0	–	-63,761	–	-0.37%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-7,399	–	-0.37%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES LTDsponsored ads	$0	–	-122,838	–	-0.38%	–
HXL	Exit	HEXCEL CORP NEW COM	$0	–	-20,232	–	-0.38%	–
PAYX	Exit	PAYCHEX INC	$0	–	-10,836	–	-0.38%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP COM	$0	–	-8,696	–	-0.38%	–
TRUP	Exit	TRUPANION INC COM	$0	–	-16,038	–	-0.39%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-13,403	–	-0.40%	–
BMI	Exit	BADGER METER INC	$0	–	-12,576	–	-0.40%	–
BA	Exit	BOEING CO COM	$0	–	-5,809	–	-0.40%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-5,249	–	-0.40%	–
PFE	Exit	PFIZER INC COM	$0	–	-30,117	–	-0.41%	–
ALRM	Exit	ALARM COM HLDGS INC COM	$0	–	-16,839	–	-0.41%	–
DLR	Exit	DIGITAL RLTY TR INC COM	$0	–	-9,154	–	-0.41%	–
CRM	Exit	SALESFORCE COM INC COM	$0	–	-4,922	–	-0.42%	–
PGNY	Exit	PROGYNY INC	$0	–	-24,283	–	-0.43%	–
GMRE	Exit	GLOBAL MED REIT INC COM NEW	$0	–	-93,824	–	-0.43%	–
MCO	Exit	MOODYS CORP COM	$0	–	-4,078	–	-0.45%	–
LOTZ	Exit	CARLOTZ INC	$0	–	-392,332	–	-0.47%	–
MDT	Exit	MEDTRONIC PLC SHS	$0	–	-12,063	–	-0.47%	–
BKNG	Exit	BOOKING HOLDINGS	$0	–	-673	–	-0.50%	–
MORN	Exit	MORNINGSTAR INC COM	$0	–	-6,175	–	-0.50%	–
CSGP	Exit	COSTAR GRP INC	$0	–	-18,635	–	-0.50%	–
ISRG	Exit	INTUITIVE SURGICAL, INC.	$0	–	-1,617	–	-0.50%	–
SYK	Exit	STRYKER CORP	$0	–	-6,135	–	-0.51%	–
UGRO	Exit	UBRAN-GRO INC	$0	–	-122,144	–	-0.51%	–
PRAA	Exit	PRA GROUP	$0	–	-38,537	–	-0.51%	–
KRNT	Exit	KORNIT DIGITAL LTD SHS	$0	–	-11,254	–	-0.51%	–
INGN	Exit	INOGEN INC COM	$0	–	-38,711	–	-0.52%	–
ECL	Exit	ECOLAB INC COM	$0	–	-8,208	–	-0.54%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC COM	$0	–	-8,743	–	-0.55%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC COM	$0	–	-44,369	–	-0.55%	–
INTZ	Exit	INTRUSION INC COM NEW	$0	–	-441,293	–	-0.56%	–
SKT	Exit	TANGER FACTORY OUTLET CENTERS INC	$0	–	-111,926	–	-0.57%	–
SLAB	Exit	SILICON LABORATORIESINC OC COM	$0	–	-13,180	–	-0.58%	–
BOH	Exit	BANK HAWAII CORP COM	$0	–	-22,509	–	-0.58%	–
TYL	Exit	TYLER TECHNOLOGIES INC COM	$0	–	-4,050	–	-0.58%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-9,522	–	-0.60%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-26,480	–	-0.61%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW COM	$0	–	-11,668	–	-0.63%	–
VSAT	Exit	VIASAT INC	$0	–	-37,743	–	-0.65%	–
ALGN	Exit	ALIGN TECHNOLOGY INC COM	$0	–	-3,216	–	-0.67%	–
BABA	Exit	ALIBABA GROUP HOLDING LTDsponsored ads	$0	–	-14,498	–	-0.67%	–
CSSE	Exit	CHICKEN SOUP FOR THE SOUL ENTERTAINMENTcl a	$0	–	-96,350	–	-0.69%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLASS A	$0	–	-6,900	–	-0.69%	–
CFX	Exit	COLFAX CORP	$0	–	-48,361	–	-0.70%	–
CERN	Exit	CERNER CORP COM	$0	–	-32,217	–	-0.71%	–
CLAR	Exit	CLARUS CORP NEW COM	$0	–	-92,832	–	-0.74%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-143,350	–	-0.75%	–
OMCL	Exit	OMNICELL COM COM	$0	–	-16,619	–	-0.77%	–
XPEL	Exit	XPEL INC COM	$0	–	-33,325	–	-0.79%	–
TPL	Exit	TEXAS PACIFIC LAND TRUST	$0	–	-2,090	–	-0.79%	–
AMAT	Exit	APPLIED MATLS INC COM	$0	–	-19,893	–	-0.80%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-35,313	–	-0.81%	–
FISV	Exit	FISERV INC	$0	–	-24,517	–	-0.83%	–
MSFT	Exit	MICROSOFT	$0	–	-9,641	–	-0.85%	–
FB	Exit	FACEBOOK INC CL Acl a	$0	–	-8,047	–	-0.86%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG PLC SHS	$0	–	-50,011	–	-0.86%	–
PYPL	Exit	PAYPAL HLDGS INC COM	$0	–	-11,104	–	-0.90%	–
CSCO	Exit	CISCO SYS INC	$0	–	-56,576	–	-0.96%	–
FAST	Exit	FASTENAL CO	$0	–	-60,940	–	-0.98%	–
SPG	Exit	SIMON PPTY GROUP INC NEW COM	$0	–	-24,377	–	-0.99%	–
ADSK	Exit	AUTODESK INC COM	$0	–	-11,473	–	-1.02%	–
BL	Exit	BLACKLINE INC COM	$0	–	-27,936	–	-1.03%	–
GOOG	Exit	ALPHABET INC CAP STK CL Ccap stk cl c	$0	–	-1,239	–	-1.03%	–
MMM	Exit	3M CO COM	$0	–	-19,625	–	-1.08%	–
NXPI	Exit	NXP SEMICONDUCTORS NV COM	$0	–	-18,798	–	-1.15%	–
DHR	Exit	DANAHER CORP	$0	–	-13,195	–	-1.26%	–
AAPL	Exit	APPLE INC	$0	–	-28,646	–	-1.27%	–
LSXMA	Exit	LIBERTY MEDIA CORP SIRIUSXM	$0	–	-93,068	–	-1.38%	–
KMX	Exit	CARMAX INC	$0	–	-36,450	–	-1.46%	–
CPRT	Exit	COPART INC	$0	–	-33,975	–	-1.48%	–
WSO	Exit	WATSCO INC	$0	–	-18,067	–	-1.50%	–
V	Exit	VISA INC	$0	–	-21,469	–	-1.50%	–
TXN	Exit	TEXAS INSTRS INC COM	$0	–	-26,044	–	-1.57%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT CORPcl a	$0	–	-273,020	–	-1.60%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-25,748	–	-1.63%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP INC	$0	–	-209,408	–	-1.64%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-32,065	–	-1.64%	–
CCOI	Exit	COGENT COMMUNICATIONS HOLDINGS	$0	–	-74,150	–	-1.64%	–
PAR	Exit	PAR TECHNOLOGY CORP	$0	–	-92,236	–	-1.78%	–
INTU	Exit	INTUIT COM	$0	–	-10,808	–	-1.83%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$0	–	-21,757	–	-1.86%	–
KSU	Exit	KANSAS CITY SOUTHERN COM NEW	$0	–	-22,028	–	-1.87%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,839	–	-1.89%	–
GOOGL	Exit	ALPHABET INC CAP STK CL Acap stk cl a	$0	–	-2,324	–	-1.95%	–
MKL	Exit	MARKEL CORP HOLDING CO	$0	–	-5,976	–	-2.24%	–
KNX	Exit	KNIGHT TRANSPORTATION INCcl a	$0	–	-171,651	–	-2.75%	–
CVX	Exit	CHEVRON CORP NEW COM	$0	–	-104,941	–	-3.33%	–

Q3 2021

			Value		Shares		↓ Weighting
CVX	Sell	CHEVRON CORP NEW COM	$10,646,000	-3.4%	104,941	-0.2%	3.33%	+3.2%
KNX	Buy	KNIGHT TRANSPORTATION INCcl a	$8,780,000	+12.9%	171,651	+0.4%	2.75%	+20.6%
MKL	Sell	MARKEL CORP HOLDING CO	$7,142,000	+0.5%	5,976	-0.2%	2.24%	+7.3%
GOOGL	Sell	ALPHABET INC CAP STK CL Acap stk cl a	$6,213,000	+9.4%	2,324	-0.1%	1.95%	+16.8%
AMZN	Sell	AMAZON.COM INC	$6,041,000	-4.7%	1,839	-0.2%	1.89%	+1.7%
KSU	Sell	KANSAS CITY SOUTHERN COM NEW	$5,962,000	-5.0%	22,028	-0.6%	1.87%	+1.4%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$5,938,000	-1.9%	21,757	-0.1%	1.86%	+4.8%
INTU	Buy	INTUIT COM	$5,831,000	+10.1%	10,808	+0.1%	1.83%	+17.6%
PAR	Buy	PAR TECHNOLOGY CORP	$5,673,000	-11.4%	92,236	+0.7%	1.78%	-5.4%
CCOI	Buy	COGENT COMMUNICATIONS HOLDINGS	$5,253,000	-7.0%	74,150	+0.9%	1.64%	-0.8%
JPM	Buy	JPMORGAN CHASE & CO COM	$5,249,000	+5.3%	32,065	+0.1%	1.64%	+12.4%
HCSG	Buy	HEALTHCARE SERVICES GROUP INC	$5,233,000	-10.7%	209,408	+12.8%	1.64%	-4.7%
TSCO	Buy	TRACTOR SUPPLY CO	$5,217,000	+9.1%	25,748	+0.2%	1.63%	+16.5%
MNR	Sell	MONMOUTH REAL ESTATE INVT CORPcl a	$5,092,000	-1.1%	273,020	-0.7%	1.60%	+5.6%
TXN	Sell	TEXAS INSTRS INC COM	$5,006,000	-1.9%	26,044	-1.9%	1.57%	+4.7%
V	Sell	VISA INC	$4,782,000	-4.7%	21,469	-0.0%	1.50%	+1.7%
WSO	Sell	WATSCO INC	$4,781,000	-9.2%	18,067	-1.6%	1.50%	-3.0%
CPRT	Sell	COPART INC	$4,713,000	+4.2%	33,975	-1.0%	1.48%	+11.2%
KMX	Sell	CARMAX INC	$4,664,000	-23.3%	36,450	-22.6%	1.46%	-18.1%
LSXMA	Sell	LIBERTY MEDIA CORP SIRIUSXM	$4,390,000	+1.0%	93,068	-0.3%	1.38%	+7.8%
AAPL	Sell	APPLE INC	$4,053,000	+1.6%	28,646	-1.7%	1.27%	+8.5%
DHR	Buy	DANAHER CORP	$4,017,000	+13.5%	13,195	+0.1%	1.26%	+21.2%
NXPI	Buy	NXP SEMICONDUCTORS NV COM	$3,682,000	-4.2%	18,798	+0.6%	1.15%	+2.2%
MMM	Sell	3M CO COM	$3,443,000	-12.1%	19,625	-0.5%	1.08%	-6.2%
GOOG	Sell	ALPHABET INC CAP STK CL Ccap stk cl c	$3,302,000	+2.6%	1,239	-3.5%	1.03%	+9.5%
BL	Buy	BLACKLINE INC COM	$3,298,000	+7.0%	27,936	+0.8%	1.03%	+14.3%
ADSK	Sell	AUTODESK INC COM	$3,272,000	-2.4%	11,473	-0.1%	1.02%	+4.2%
SPG	Buy	SIMON PPTY GROUP INC NEW COM	$3,168,000	+0.3%	24,377	+0.7%	0.99%	+7.0%
FAST	Sell	FASTENAL CO	$3,145,000	-2.5%	60,940	-1.7%	0.98%	+4.1%
CSCO	Sell	CISCO SYS INC	$3,079,000	+2.6%	56,576	-0.0%	0.96%	+9.5%
PYPL	Buy	PAYPAL HLDGS INC COM	$2,889,000	-8.3%	11,104	+2.7%	0.90%	-2.1%
FB	Sell	FACEBOOK INC CL Acl a	$2,731,000	-3.2%	8,047	-0.8%	0.86%	+3.3%
MSFT	Buy	MICROSOFT	$2,718,000	+4.8%	9,641	+0.7%	0.85%	+11.8%
FISV	Buy	FISERV INC	$2,660,000	+6.0%	24,517	+4.4%	0.83%	+13.2%
SCHW	Sell	SCHWAB CHARLES CORP	$2,572,000	-1.8%	35,313	-1.8%	0.81%	+4.9%
AMAT	Sell	APPLIED MATLS INC COM	$2,561,000	-31.5%	19,893	-24.3%	0.80%	-26.9%
XPEL	Sell	XPEL INC COM	$2,528,000	-9.7%	33,325	-0.2%	0.79%	-3.6%
TPL	Sell	TEXAS PACIFIC LAND TRUST	$2,528,000	-24.5%	2,090	-0.1%	0.79%	-19.3%
OMCL	Buy	OMNICELL COM COM	$2,467,000	-1.9%	16,619	+0.0%	0.77%	+4.7%
KMI	Buy	KINDER MORGAN INC	$2,398,000	-6.0%	143,350	+2.5%	0.75%	+0.4%
CLAR	Sell	CLARUS CORP NEW COM	$2,379,000	-1.9%	92,832	-1.6%	0.74%	+4.8%
CERN	Sell	CERNER CORP COM	$2,272,000	-10.9%	32,217	-1.3%	0.71%	-4.8%
CFX	Sell	COLFAX CORP	$2,220,000	-0.5%	48,361	-0.7%	0.70%	+6.3%
ACN	Buy	ACCENTURE PLC IRELAND SHS CLASS A	$2,207,000	+8.5%	6,900	+0.0%	0.69%	+15.7%
CSSE	Buy	CHICKEN SOUP FOR THE SOUL ENTERTAINMENTcl a	$2,204,000	-10.2%	96,350	+62.6%	0.69%	-4.2%
BABA	Buy	ALIBABA GROUP HOLDING LTDsponsored ads	$2,146,000	+182.4%	14,498	+332.4%	0.67%	+201.3%
ALGN	Sell	ALIGN TECHNOLOGY INC COM	$2,140,000	+7.2%	3,216	-1.5%	0.67%	+14.3%
VSAT	Sell	VIASAT INC	$2,079,000	+10.1%	37,743	-0.4%	0.65%	+17.5%
CCI	Buy	CROWN CASTLE INTL CORP NEW COM	$2,022,000	-10.8%	11,668	+0.5%	0.63%	-4.8%
D	Sell	DOMINION RESOURCES INC	$1,934,000	-5.8%	26,480	-5.1%	0.61%	+0.7%
VRSK	Buy	VERISK ANALYTICS INC	$1,907,000	+15.2%	9,522	+0.5%	0.60%	+23.1%
BOH	Buy	BANK HAWAII CORP COM	$1,850,000	-2.0%	22,509	+0.4%	0.58%	+4.5%
SKT	Buy	TANGER FACTORY OUTLET CENTERS INC	$1,824,000	-12.3%	111,926	+1.4%	0.57%	-6.4%
INTZ	Buy	INTRUSION INC COM NEW	$1,792,000	-73.6%	441,293	+0.1%	0.56%	-71.9%
ECL	Sell	ECOLAB INC COM	$1,712,000	+0.6%	8,208	-0.6%	0.54%	+7.4%
INGN	Buy	INOGEN INC COM	$1,668,000	-33.0%	38,711	+1.3%	0.52%	-28.5%
UGRO	Buy	UBRAN-GRO INC	$1,623,000	+157.2%	122,144	+77.4%	0.51%	+174.6%
SYK	Sell	STRYKER CORP	$1,618,000	+0.9%	6,135	-0.7%	0.51%	+7.6%
ISRG	Buy	INTUITIVE SURGICAL, INC.	$1,608,000	+8.2%	1,617	+0.1%	0.50%	+15.6%
CSGP	Buy	COSTAR GRP INC	$1,604,000	+4.4%	18,635	+0.5%	0.50%	+11.3%
MORN	Buy	MORNINGSTAR INC COM	$1,600,000	+2.4%	6,175	+1.6%	0.50%	+9.4%
BKNG	Buy	BOOKING HOLDINGS	$1,598,000	+10.7%	673	+2.0%	0.50%	+18.2%
MDT	Sell	MEDTRONIC PLC SHS	$1,512,000	-0.6%	12,063	-1.6%	0.47%	+6.3%
LOTZ	New	CARLOTZ INC	$1,495,000	–	392,332	–	0.47%	–
MCO	Buy	MOODYS CORP COM	$1,448,000	-1.4%	4,078	+0.6%	0.45%	+5.3%
GMRE	Buy	GLOBAL MED REIT INC COM NEW	$1,379,000	+1.8%	93,824	+2.3%	0.43%	+8.8%
PGNY	Sell	PROGYNY INC	$1,360,000	-5.3%	24,283	-0.3%	0.43%	+1.2%
CRM	Buy	SALESFORCE COM INC COM	$1,335,000	+11.2%	4,922	+0.2%	0.42%	+18.8%
DLR	Sell	DIGITAL RLTY TR INC COM	$1,322,000	-4.2%	9,154	-0.2%	0.41%	+2.2%
ALRM	Buy	ALARM COM HLDGS INC COM	$1,317,000	-6.0%	16,839	+1.8%	0.41%	+0.2%
PFE	Buy	PFIZER INC COM	$1,295,000	+9.8%	30,117	+0.0%	0.41%	+17.3%
BDX	Sell	BECTON DICKINSON & CO COM	$1,290,000	+0.5%	5,249	-0.5%	0.40%	+7.4%
BA	Buy	BOEING CO COM	$1,278,000	-6.2%	5,809	+2.1%	0.40%	0.0%
EMR	Sell	EMERSON ELEC CO COM	$1,263,000	-4.0%	13,403	-2.0%	0.40%	+2.6%
TRUP	Buy	TRUPANION INC COM	$1,246,000	-32.4%	16,038	+0.1%	0.39%	-27.9%
PAYX	Buy	PAYCHEX INC	$1,219,000	+5.8%	10,836	+0.9%	0.38%	+13.0%
HXL	Buy	HEXCEL CORP NEW COM	$1,202,000	-2.4%	20,232	+2.5%	0.38%	+4.2%
TEVA	Buy	TEVA PHARMACEUTICAL INDUSTRIES LTDsponsored ads	$1,196,000	-1.0%	122,838	+0.7%	0.38%	+5.9%
JNJ	Sell	JOHNSON & JOHNSON COM	$1,195,000	-3.6%	7,399	-1.6%	0.37%	+3.0%
LRN	Buy	STRIDE INC COM	$1,158,000	+14.9%	32,222	+2.7%	0.36%	+22.6%
KEYS	Sell	KEYSIGHT TECHNOLOGIES INC	$1,155,000	+3.7%	7,029	-2.6%	0.36%	+10.7%
AVGO	Buy	BROADCOM INC COM	$1,120,000	+5.1%	2,309	+3.2%	0.35%	+12.1%
INTC	Sell	INTEL CORP COM	$1,122,000	-6.0%	21,065	-1.0%	0.35%	+0.3%
BCTX	Buy	BRIACELL THERAPEUTICS CORP	$1,106,000	+57.5%	136,593	+3.7%	0.35%	+68.0%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$1,079,000	-12.9%	5,926	-0.5%	0.34%	-6.9%
NVR	Buy	NVR INC COM	$1,050,000	-1.3%	219	+2.3%	0.33%	+5.4%
PTON	Buy	PELOTON INTERACTIVE INC	$1,024,000	-29.0%	11,768	+1.2%	0.32%	-24.1%
SPLK	New	SPLUNK INC	$976,000	–	6,746	–	0.31%	–
DY	Buy	DYCOM INDS INC COM	$962,000	-1.6%	13,506	+2.9%	0.30%	+4.9%
FTV	Buy	FORTIVE CORP COM	$948,000	+1.6%	13,435	+0.5%	0.30%	+8.4%
MU	Sell	MICRON TECHNOLOGY	$925,000	-17.1%	13,034	-0.7%	0.29%	-11.3%
LEGH	Buy	LEGACY HOUSING CORP COM	$920,000	+9.4%	51,223	+3.0%	0.29%	+16.6%
LEA	Sell	LEAR CORP COM NEW	$914,000	-14.7%	5,842	-4.5%	0.29%	-8.9%
AXTI	Buy	AXT INC	$906,000	-21.9%	108,823	+3.0%	0.28%	-16.5%
LESL	Buy	LESLIE'S INC	$907,000	-23.5%	44,162	+2.4%	0.28%	-18.4%
CPF	Sell	CENTRAL PACIFIC FINANCIAL	$904,000	-2.3%	35,205	-0.8%	0.28%	+4.4%
MRK	Buy	MERCK & CO INC	$884,000	-3.4%	11,770	+0.0%	0.28%	+3.4%
BLK	Sell	BLACKROCK INC	$879,000	-4.5%	1,048	-0.3%	0.28%	+1.9%
PEP	Buy	PEPSICO INC COM	$871,000	+2.0%	5,788	+0.4%	0.27%	+8.8%
FORM	Buy	FORMFACTOR INC COM	$822,000	+5.8%	22,029	+3.3%	0.26%	+12.7%
HD	Sell	HOME DEPOT	$815,000	+1.7%	2,484	-1.0%	0.26%	+8.5%
ADF	New	ALDEL FINANCIAL INC CL A COM	$809,000	–	80,162	–	0.25%	–
IVV	Sell	ISHARES S&P 500 INDEXcore s&p500 etf	$804,000	0.0%	1,866	-0.2%	0.25%	+6.8%
IBM	Sell	INTL BUSINESS MACHINES	$745,000	-7.0%	5,365	-1.8%	0.23%	-0.9%
VUZI	Sell	VUZIX CORPORATION	$736,000	-43.4%	70,397	-0.7%	0.23%	-39.5%
KO	Sell	COCA COLA CO COM	$728,000	-10.3%	13,872	-7.6%	0.23%	-4.2%
LIVX	Buy	LIVEXLIVE MEDIA INC	$714,000	-36.5%	238,642	+0.1%	0.22%	-32.1%
JEPI	Buy	JPMORGAN EQUITY PREMIUM INCOME ETFequity premium	$615,000	+8.8%	10,325	+10.7%	0.19%	+16.3%
ERII	Buy	ENERGY RECOVERY INC	$599,000	-16.3%	31,491	+0.2%	0.19%	-10.5%
NPTN	Buy	NEOPHOTONICS CORP COM	$574,000	-14.5%	65,932	+0.3%	0.18%	-8.6%
PG	Buy	PROCTER AND GAMBLE CO COM	$558,000	+4.5%	3,991	+0.8%	0.18%	+11.5%
PSTH	New	PERSHING SQUARE TONTINE HOLDINGS	$558,000	–	28,328	–	0.18%	–
DRH	Sell	DIAMONDROCK HOSPITALITY	$551,000	-8.5%	58,306	-6.1%	0.17%	-2.3%
LTRN	Buy	LANTERN PHARMA INC COM	$530,000	-20.2%	47,442	+4.3%	0.17%	-14.9%
VEA	Buy	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$487,000	-2.0%	9,648	+0.0%	0.15%	+4.8%
ZYXI	Sell	ZYNEX INC COM	$483,000	-26.9%	42,427	-0.3%	0.15%	-22.2%
DON	Sell	WISDOMTREE U.S. MIDCAP DIVIDEND FUNDus midcap divid	$468,000	-1.9%	11,296	-0.6%	0.15%	+5.0%
VGZ	Buy	VISTA GOLD CORP COM NEW	$454,000	-41.0%	627,127	+0.3%	0.14%	-37.2%
VMAR	Buy	VISION MARINE TECHNOLOGIES INC	$409,000	-22.7%	59,449	+7.3%	0.13%	-17.4%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$402,000	+5.0%	5,416	-2.0%	0.13%	+12.5%
CMCSA	Sell	COMCAST CORP NEW CL Acl a	$360,000	-78.2%	6,445	-77.8%	0.11%	-76.7%
JMST	Sell	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETFultra sht muncpl	$342,000	-23.0%	6,700	-23.0%	0.11%	-17.7%
IDYA	Buy	IDEAYA BIOSCIENCES INC COM	$305,000	+33.8%	11,966	+10.2%	0.10%	+43.3%
DM	Sell	DESKTOP METAL INC	$292,000	-38.1%	40,689	-0.8%	0.09%	-34.1%
TRHC	Buy	TABULA RASA HEALTHCARE INC COM	$278,000	-43.6%	10,605	+7.5%	0.09%	-40.0%
REGI	Buy	RENEWABLE ENERGY GROUP INC	$274,000	-19.2%	5,458	+0.5%	0.09%	-13.1%
ANVS	Buy	ANNOVIS BIO INC	$250,000	-62.3%	7,878	+1.7%	0.08%	-59.8%
XOM	Buy	EXXON MOBIL CORP COM	$207,000	-6.8%	3,517	+0.0%	0.06%	0.0%
TFC	New	TRUIST FINL CORP COM	$203,000	–	3,453	–	0.06%	–
APM	Buy	APTORUM GROUP LIMITED	$153,000	-19.0%	59,589	+0.6%	0.05%	-12.7%
CVM	Sell	CEL-SCI CORP COM PAR NEW	$152,000	+22.6%	13,786	-3.4%	0.05%	+33.3%
KRBP	Buy	KIROMIC BIOPHARMA INC	$142,000	-34.9%	46,370	+2.3%	0.04%	-31.2%
BUD	Exit	ANHEUSER BUSCH INBEV ADRsponsored adr	$0	–	-5,968	–	-0.13%	–
STMP	Exit	STAMPS COM INC COM NEW	$0	–	-2,210	–	-0.13%	–
GPC	Exit	GENUINE PARTS CO COM	$0	–	-5,351	–	-0.20%	–
AIT	Exit	APPLIED INDL TECHNOLOGIES INC COM	$0	–	-15,686	–	-0.42%	–
ZS	Exit	ZSCALER INC COM	$0	–	-6,798	–	-0.43%	–
AIMC	Exit	ALTRA INDL MOTION CORP COM	$0	–	-23,578	–	-0.45%	–
QTS	Exit	QTS REALTY TRUST INC	$0	–	-23,524	–	-0.53%	–
GSHD	Exit	GOOSEHEAD INS INC COM CL A	$0	–	-19,021	–	-0.71%	–

Q2 2021

			Value		Shares		↓ Weighting
CVX	New	CHEVRON CORP NEW COM	$11,016,000	–	105,176	–	3.23%	–
KNX	New	KNIGHT TRANSPORTATION INCcl a	$7,776,000	–	171,048	–	2.28%	–
MKL	New	MARKEL CORP HOLDING CO	$7,104,000	–	5,986	–	2.08%	–
INTZ	New	INTRUSION INC COM NEW	$6,793,000	–	440,802	–	1.99%	–
PAR	New	PAR TECHNOLOGY CORP	$6,405,000	–	91,572	–	1.88%	–
AMZN	New	AMAZON.COM INC	$6,340,000	–	1,843	–	1.86%	–
KSU	New	KANSAS CITY SOUTHERN COM NEW	$6,278,000	–	22,155	–	1.84%	–
KMX	New	CARMAX INC	$6,080,000	–	47,078	–	1.78%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$6,050,000	–	21,768	–	1.78%	–
HCSG	New	HEALTHCARE SERVICES GROUP INC	$5,863,000	–	185,724	–	1.72%	–
GOOGL	New	ALPHABET INC CAP STK CL Acap stk cl a	$5,680,000	–	2,326	–	1.67%	–
CCOI	New	COGENT COMMUNICATIONS HOLDINGS	$5,651,000	–	73,490	–	1.66%	–
INTU	New	INTUIT COM	$5,295,000	–	10,802	–	1.55%	–
WSO	New	WATSCO INC	$5,263,000	–	18,362	–	1.54%	–
MNR	New	MONMOUTH REAL ESTATE INVT CORPcl a	$5,149,000	–	275,066	–	1.51%	–
TXN	New	TEXAS INSTRS INC COM	$5,103,000	–	26,535	–	1.50%	–
V	New	VISA INC	$5,020,000	–	21,471	–	1.47%	–
JPM	New	JPMORGAN CHASE & CO COM	$4,985,000	–	32,048	–	1.46%	–
TSCO	New	TRACTOR SUPPLY CO	$4,782,000	–	25,703	–	1.40%	–
CPRT	New	COPART INC	$4,525,000	–	34,325	–	1.33%	–
LSXMA	New	LIBERTY MEDIA CORP SIRIUSXM	$4,346,000	–	93,302	–	1.28%	–
AAPL	New	APPLE INC	$3,989,000	–	29,127	–	1.17%	–
MMM	New	3M CO COM	$3,917,000	–	19,719	–	1.15%	–
NXPI	New	NXP SEMICONDUCTORS NV COM	$3,844,000	–	18,688	–	1.13%	–
AMAT	New	APPLIED MATLS INC COM	$3,741,000	–	26,268	–	1.10%	–
DHR	New	DANAHER CORP	$3,538,000	–	13,183	–	1.04%	–
ADSK	New	AUTODESK INC COM	$3,353,000	–	11,488	–	0.98%	–
TPL	New	TEXAS PACIFIC LAND TRUST	$3,348,000	–	2,093	–	0.98%	–
FAST	New	FASTENAL CO	$3,225,000	–	62,010	–	0.95%	–
GOOG	New	ALPHABET INC CAP STK CL Ccap stk cl c	$3,218,000	–	1,284	–	0.94%	–
SPG	New	SIMON PPTY GROUP INC NEW COM	$3,159,000	–	24,210	–	0.93%	–
PYPL	New	PAYPAL HLDGS INC COM	$3,151,000	–	10,810	–	0.92%	–
BL	New	BLACKLINE INC COM	$3,083,000	–	27,704	–	0.90%	–
CSCO	New	CISCO SYS INC	$3,000,000	–	56,598	–	0.88%	–
ST	New	SENSATA TECHNOLOGIES HLDG PLC SHS	$2,899,000	–	50,011	–	0.85%	–
FB	New	FACEBOOK INC CL Acl a	$2,822,000	–	8,115	–	0.83%	–
XPEL	New	XPEL INC COM	$2,801,000	–	33,401	–	0.82%	–
SCHW	New	SCHWAB CHARLES CORP	$2,619,000	–	35,975	–	0.77%	–
MSFT	New	MICROSOFT	$2,593,000	–	9,573	–	0.76%	–
KMI	New	KINDER MORGAN INC	$2,551,000	–	139,920	–	0.75%	–
CERN	New	CERNER CORP COM	$2,550,000	–	32,627	–	0.75%	–
OMCL	New	OMNICELL COM COM	$2,516,000	–	16,611	–	0.74%	–
FISV	New	FISERV INC	$2,510,000	–	23,482	–	0.74%	–
INGN	New	INOGEN INC COM	$2,490,000	–	38,203	–	0.73%	–
CSSE	New	CHICKEN SOUP FOR THE SOUL ENTERTAINMENTcl a	$2,453,000	–	59,245	–	0.72%	–
CLAR	New	CLARUS CORP NEW COM	$2,424,000	–	94,335	–	0.71%	–
GSHD	New	GOOSEHEAD INS INC COM CL A	$2,421,000	–	19,021	–	0.71%	–
CCI	New	CROWN CASTLE INTL CORP NEW COM	$2,266,000	–	11,614	–	0.66%	–
CFX	New	COLFAX CORP	$2,231,000	–	48,706	–	0.65%	–
SKT	New	TANGER FACTORY OUTLET CENTERS INC	$2,080,000	–	110,352	–	0.61%	–
D	New	DOMINION RESOURCES INC	$2,053,000	–	27,905	–	0.60%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLASS A	$2,034,000	–	6,899	–	0.60%	–
SLAB	New	SILICON LABORATORIESINC OC COM	$2,020,000	–	13,180	–	0.59%	–
ALGN	New	ALIGN TECHNOLOGY INC COM	$1,996,000	–	3,266	–	0.59%	–
BOH	New	BANK HAWAII CORP COM	$1,888,000	–	22,414	–	0.55%	–
VSAT	New	VIASAT INC	$1,889,000	–	37,909	–	0.55%	–
TRUP	New	TRUPANION INC COM	$1,844,000	–	16,023	–	0.54%	–
TYL	New	TYLER TECHNOLOGIES INC COM	$1,832,000	–	4,050	–	0.54%	–
QTS	New	QTS REALTY TRUST INC	$1,818,000	–	23,524	–	0.53%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC COM	$1,774,000	–	44,369	–	0.52%	–
ECL	New	ECOLAB INC COM	$1,701,000	–	8,257	–	0.50%	–
CMCSA	New	COMCAST CORP NEW CL Acl a	$1,654,000	–	29,003	–	0.48%	–
VRSK	New	VERISK ANALYTICS INC	$1,655,000	–	9,472	–	0.48%	–
SYK	New	STRYKER CORP	$1,604,000	–	6,177	–	0.47%	–
MORN	New	MORNINGSTAR INC COM	$1,562,000	–	6,075	–	0.46%	–
CSGP	New	COSTAR GRP INC	$1,536,000	–	18,550	–	0.45%	–
AIMC	New	ALTRA INDL MOTION CORP COM	$1,533,000	–	23,578	–	0.45%	–
MDT	New	MEDTRONIC PLC SHS	$1,521,000	–	12,257	–	0.45%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$1,486,000	–	1,616	–	0.44%	–
PRAA	New	PRA GROUP	$1,483,000	–	38,537	–	0.44%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC COM	$1,480,000	–	8,743	–	0.43%	–
MCO	New	MOODYS CORP COM	$1,469,000	–	4,053	–	0.43%	–
ZS	New	ZSCALER INC COM	$1,469,000	–	6,798	–	0.43%	–
BKNG	New	BOOKING HOLDINGS	$1,444,000	–	660	–	0.42%	–
PTON	New	PELOTON INTERACTIVE INC	$1,442,000	–	11,628	–	0.42%	–
PGNY	New	PROGYNY INC	$1,436,000	–	24,344	–	0.42%	–
AIT	New	APPLIED INDL TECHNOLOGIES INC COM	$1,428,000	–	15,686	–	0.42%	–
ALRM	New	ALARM COM HLDGS INC COM	$1,401,000	–	16,539	–	0.41%	–
KRNT	New	KORNIT DIGITAL LTD SHS	$1,399,000	–	11,254	–	0.41%	–
DLR	New	DIGITAL RLTY TR INC COM	$1,380,000	–	9,173	–	0.40%	–
BA	New	BOEING CO COM	$1,362,000	–	5,687	–	0.40%	–
GMRE	New	GLOBAL MED REIT INC COM NEW	$1,354,000	–	91,756	–	0.40%	–
EMR	New	EMERSON ELEC CO COM	$1,316,000	–	13,673	–	0.39%	–
VUZI	New	VUZIX CORPORATION	$1,301,000	–	70,922	–	0.38%	–
BDX	New	BECTON DICKINSON & CO COM	$1,283,000	–	5,277	–	0.38%	–
ENS	New	ENERSYS COM	$1,240,000	–	12,693	–	0.36%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP COM	$1,240,000	–	8,696	–	0.36%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$1,239,000	–	5,956	–	0.36%	–
JNJ	New	JOHNSON & JOHNSON COM	$1,239,000	–	7,519	–	0.36%	–
BMI	New	BADGER METER INC	$1,234,000	–	12,576	–	0.36%	–
HXL	New	HEXCEL CORP NEW COM	$1,232,000	–	19,738	–	0.36%	–
MITK	New	MITEK SYS INC COM NEW	$1,228,000	–	63,761	–	0.36%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES LTDsponsored ads	$1,208,000	–	122,016	–	0.35%	–
CRM	New	SALESFORCE COM INC COM	$1,200,000	–	4,912	–	0.35%	–
INTC	New	INTEL CORP COM	$1,194,000	–	21,277	–	0.35%	–
LESL	New	LESLIE'S INC	$1,185,000	–	43,111	–	0.35%	–
PFE	New	PFIZER INC COM	$1,179,000	–	30,114	–	0.35%	–
SLP	New	SIMULATIONS PLUS INC COM	$1,172,000	–	21,340	–	0.34%	–
AXTI	New	AXT INC	$1,160,000	–	105,670	–	0.34%	–
PAYX	New	PAYCHEX INC	$1,152,000	–	10,736	–	0.34%	–
LIVX	New	LIVEXLIVE MEDIA INC COM	$1,125,000	–	238,285	–	0.33%	–
STAA	New	STAAR SURGICAL CO COM PAR $0.01	$1,125,000	–	7,374	–	0.33%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$1,114,000	–	7,216	–	0.33%	–
MU	New	MICRON TECHNOLOGY	$1,116,000	–	13,129	–	0.33%	–
FCN	New	FTI CONSULTING INC	$1,081,000	–	7,910	–	0.32%	–
LEA	New	LEAR CORP COM NEW	$1,072,000	–	6,118	–	0.31%	–
AVGO	New	BROADCOM INC COM	$1,066,000	–	2,237	–	0.31%	–
RLI	New	RLI CORP COM	$1,067,000	–	10,206	–	0.31%	–
NVR	New	NVR INC COM	$1,064,000	–	214	–	0.31%	–
DGII	New	DIGI INTERNATIONAL INC	$1,048,000	–	52,123	–	0.31%	–
IIVI	New	II-VI INC COM	$1,016,000	–	13,990	–	0.30%	–
LRN	New	STRIDE INC COM	$1,008,000	–	31,368	–	0.30%	–
VZ	New	VERIZON COMMUNICATIONS	$999,000	–	17,824	–	0.29%	–
HCDI	New	HARBOR CUSTOM DEVELOPMENT INC	$994,000	–	306,728	–	0.29%	–
DY	New	DYCOM INDS INC COM	$978,000	–	13,128	–	0.29%	–
FTV	New	FORTIVE CORP COM	$933,000	–	13,373	–	0.27%	–
CPF	New	CENTRAL PACIFIC FINANCIAL	$925,000	–	35,480	–	0.27%	–
BLK	New	BLACKROCK INC	$920,000	–	1,051	–	0.27%	–
PI	New	IMPINJ INC COM	$916,000	–	17,754	–	0.27%	–
MRK	New	MERCK & CO INC	$915,000	–	11,769	–	0.27%	–
	New	US ECOLOGY INC COM	$877,000	–	23,369	–	0.26%	–
PEP	New	PEPSICO INC COM	$854,000	–	5,763	–	0.25%	–
DOW	New	DOW INC COM	$851,000	–	13,446	–	0.25%	–
LEGH	New	LEGACY HOUSING CORP COM	$841,000	–	49,727	–	0.25%	–
HTBK	New	HERITAGE COMMERCE CORP	$811,000	–	72,859	–	0.24%	–
KO	New	COCA COLA CO COM	$812,000	–	15,006	–	0.24%	–
QUOT	New	QUOTIENT TECHNOLOGY INC COM	$806,000	–	74,593	–	0.24%	–
IVV	New	ISHARES S&P 500 INDEXcore s&p500 etf	$804,000	–	1,869	–	0.24%	–
HD	New	HOME DEPOT	$801,000	–	2,510	–	0.24%	–
IBM	New	INTL BUSINESS MACHINES	$801,000	–	5,464	–	0.24%	–
HRTX	New	HERON THERAPEUTICS INC COM	$795,000	–	51,247	–	0.23%	–
W	New	WAYFAIR INCcl a	$780,000	–	2,471	–	0.23%	–
FORM	New	FORMFACTOR INC COM	$777,000	–	21,317	–	0.23%	–
AMBA	New	AMBARELLA INC SHS	$774,000	–	7,256	–	0.23%	–
VGZ	New	VISTA GOLD CORP COM NEW	$769,000	–	625,377	–	0.23%	–
BABA	New	ALIBABA GROUP HOLDING LTDsponsored ads	$760,000	–	3,353	–	0.22%	–
ERII	New	ENERGY RECOVERY INC	$716,000	–	31,441	–	0.21%	–
BCTX	New	BRIACELL THERAPEUTICS CORP	$702,000	–	131,731	–	0.21%	–
GPC	New	GENUINE PARTS CO COM	$677,000	–	5,351	–	0.20%	–
NPTN	New	NEOPHOTONICS CORP COM	$671,000	–	65,732	–	0.20%	–
LTRN	New	LANTERN PHARMA INC COM	$664,000	–	45,500	–	0.20%	–
ANVS	New	ANNOVIS BIO INC	$663,000	–	7,750	–	0.19%	–
ZYXI	New	ZYNEX INC COM	$661,000	–	42,562	–	0.19%	–
CLVT	New	CLARIVATE ANALYTICS PLC	$636,000	–	23,085	–	0.19%	–
LPSN	New	LIVEPERSON INC COM	$633,000	–	10,002	–	0.19%	–
UGRO	New	UBRAN-GRO INC	$631,000	–	68,835	–	0.18%	–
GWRS	New	GLOBAL WATER RESOURCES	$627,000	–	36,683	–	0.18%	–
AUB	New	ATLANTIC UN BANKSHARES CORP COM	$610,000	–	16,835	–	0.18%	–
DRH	New	DIAMONDROCK HOSPITALITY	$602,000	–	62,106	–	0.18%	–
MEDP	New	MEDPACE HLDGS INC COM	$601,000	–	3,403	–	0.18%	–
JEPI	New	JPMORGAN EQUITY PREMIUM INCOME ETFequity premium	$565,000	–	9,325	–	0.17%	–
VT	New	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$563,000	–	5,436	–	0.16%	–
VRAY	New	VIEWRAY INC COM	$544,000	–	82,443	–	0.16%	–
NSSC	New	NAPCO SEC TECHNOLOGIES INC COM	$545,000	–	14,989	–	0.16%	–
PG	New	PROCTER AND GAMBLE CO COM	$534,000	–	3,960	–	0.16%	–
VMAR	New	VISION MARINE TECHNOLOGIES INC	$529,000	–	55,388	–	0.16%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$497,000	–	9,646	–	0.15%	–
TRHC	New	TABULA RASA HEALTHCARE INC COM	$493,000	–	9,866	–	0.14%	–
RMCF	New	ROCKY MTN CHOCOLATE FACTORY IN COM	$480,000	–	62,871	–	0.14%	–
DON	New	WISDOMTREE U.S. MIDCAP DIVIDEND FUNDus midcap divid	$477,000	–	11,364	–	0.14%	–
DM	New	DESKTOP METAL INC	$472,000	–	41,004	–	0.14%	–
FELE	New	FRANKLIN ELECTRIC INC	$462,000	–	5,733	–	0.14%	–
WTS	New	WATTS WATER TECHNOLOGIES INCcl a	$450,000	–	3,085	–	0.13%	–
STMP	New	STAMPS COM INC COM NEW	$443,000	–	2,210	–	0.13%	–
JMST	New	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETFultra sht muncpl	$444,000	–	8,700	–	0.13%	–
SMSI	New	SMITH MICRO SOFTWARE INC	$433,000	–	82,985	–	0.13%	–
BUD	New	ANHEUSER BUSCH INBEV ADRsponsored adr	$430,000	–	5,968	–	0.13%	–
BOXL	New	BOXLIGHT CORP COM CL A	$423,000	–	175,605	–	0.12%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$383,000	–	5,526	–	0.11%	–
NSC	New	NORFOLK SOUTHERN CRP	$372,000	–	1,401	–	0.11%	–
SPEM	New	SPDR PORTFOLIO EMERGING MARKETS ETFportfolio emg mk	$357,000	–	7,853	–	0.10%	–
AQUA	New	EVOQUA WATER TECHNOLOGIES CORP COM	$348,000	–	10,302	–	0.10%	–
RVT	New	ROYCE VALUE TR INC	$347,000	–	18,270	–	0.10%	–
REGI	New	RENEWABLE ENERGY GROUP INC	$339,000	–	5,433	–	0.10%	–
FDX	New	FEDEX CORP COM	$319,000	–	1,068	–	0.09%	–
ARTNA	New	ARTESIAN RESOURCES CORPcl a	$308,000	–	8,363	–	0.09%	–
DGRS	New	WISDOMTREE U.S. SMALLCAP QUALITY DIVIDEND GROWTH FUNDus s cap qty div	$267,000	–	5,752	–	0.08%	–
DYN	New	DYNE THERAPEUTICS INC	$263,000	–	12,513	–	0.08%	–
MA	New	MASTERCARD INCORPORATED CL Acl a	$241,000	–	660	–	0.07%	–
SQZ	New	SQZ BIOTECHNOLOGIES CO	$238,000	–	16,436	–	0.07%	–
IDYA	New	IDEAYA BIOSCIENCES INC COM	$228,000	–	10,854	–	0.07%	–
XOM	New	EXXON MOBIL CORP COM	$222,000	–	3,516	–	0.06%	–
MCK	New	MCKESSON CORP COM	$220,000	–	1,152	–	0.06%	–
KRBP	New	KIROMIC BIOPHARMA INC	$218,000	–	45,336	–	0.06%	–
BDTX	New	BLACK DIAMOND THERAPEUTICS INC	$191,000	–	15,633	–	0.06%	–
APM	New	APTORUM GROUP LIMITED	$189,000	–	59,239	–	0.06%	–
BCTXW	New	BRIACELL THERAPEUTICS CORP WT EX 022425*w exp 02/24/202	$135,000	–	75,000	–	0.04%	–
CVM	New	CEL-SCI CORP COM PAR NEW	$124,000	–	14,271	–	0.04%	–
PGEN	New	PRECIGEN INC COM	$74,000	–	11,417	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
PGEN	Exit	PRECIGEN INC COM	$0	–	-11,167	–	-0.02%	–
CVM	Exit	CEL-SCI CORP COM PAR NEW	$0	–	-13,786	–	-0.07%	–
AQUA	Exit	EVOQUA WATER TECHNOLOGIES CORP COM	$0	–	-10,302	–	-0.09%	–
MA	Exit	MASTERCARD INCORPORATED CL Acl a	$0	–	-660	–	-0.09%	–
SPEM	Exit	SPDR PORTFOLIO EMERGING MARKETS ETFportfolio emg mk	$0	–	-6,120	–	-0.09%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-18,270	–	-0.10%	–
ERII	Exit	Energy Recovery Inc	$0	–	-31,241	–	-0.11%	–
PH	Exit	PARKER-HANNIFIN CORP COM	$0	–	-1,300	–	-0.11%	–
FDX	Exit	FEDEX CORP COM	$0	–	-1,068	–	-0.11%	–
ARTNA	Exit	Artesian Resources Corpcl a	$0	–	-8,363	–	-0.12%	–
VRAY	Exit	VIEWRAY INC COM	$0	–	-82,443	–	-0.12%	–
PRAH	Exit	PRA HEALTH SCIENCES INC COM	$0	–	-2,885	–	-0.12%	–
NSC	Exit	NORFOLK SOUTHERN CRP	$0	–	-1,386	–	-0.12%	–
WTS	Exit	Watts Water Technologies Inccl a	$0	–	-3,055	–	-0.13%	–
FELE	Exit	Franklin Electric Inc	$0	–	-5,683	–	-0.14%	–
BUD	Exit	ANHEUSER BUSCH INBEV ADRsponsored adr	$0	–	-6,286	–	-0.14%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$0	–	-8,292	–	-0.14%	–
WFC	Exit	WELLS FARGO CO NEW COM	$0	–	-14,487	–	-0.14%	–
NSSC	Exit	NAPCO SEC TECHNOLOGIES INC COM	$0	–	-14,989	–	-0.15%	–
AUB	Exit	ATLANTIC UN BANKSHARES CORP COM	$0	–	-16,835	–	-0.15%	–
AMBA	Exit	AMBARELLA INC SHS	$0	–	-7,256	–	-0.16%	–
MEDP	Exit	MEDPACE HLDGS INC COM	$0	–	-3,403	–	-0.16%	–
FND	Exit	FLOOR & DECOR HLDGS INC CL Acl a	$0	–	-5,197	–	-0.16%	–
GWRS	Exit	Global Water Resources	$0	–	-36,383	–	-0.16%	–
DRH	Exit	DIAMONDROCK HOSPITALITY	$0	–	-77,681	–	-0.16%	–
NPTN	Exit	NEOPHOTONICS CORP COM	$0	–	-65,732	–	-0.17%	–
TRHC	Exit	TABULA RASA HEALTHCARE INC COM	$0	–	-9,866	–	-0.17%	–
VT	Exit	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$0	–	-5,206	–	-0.18%	–
PI	Exit	IMPINJ INC COM	$0	–	-17,754	–	-0.20%	–
CPF	Exit	CENTRAL PACIFIC FINANCIAL	$0	–	-35,205	–	-0.20%	–
FHB	Exit	FIRST HAWAIIAN	$0	–	-33,526	–	-0.20%	–
PS	Exit	PLURALSIGHT INC COM CL A	$0	–	-29,600	–	-0.21%	–
LPSN	Exit	LIVEPERSON INC COM	$0	–	-9,922	–	-0.22%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC COM	$0	–	-14,714	–	-0.22%	–
STMP	Exit	STAMPS COM INC COM NEW	$0	–	-2,210	–	-0.22%	–
T	Exit	AT&T INC COM	$0	–	-19,206	–	-0.23%	–
QUOT	Exit	QUOTIENT TECHNOLOGY INC COM	$0	–	-74,393	–	-0.23%	–
PG	Exit	PROCTER AND GAMBLE CO COM	$0	–	-4,008	–	-0.23%	–
STAA	Exit	STAAR SURGICAL CO COM PAR $0.01	$0	–	-9,837	–	-0.23%	–
IIVI	Exit	II-VI INC COM	$0	–	-13,990	–	-0.24%	–
GPC	Exit	GENUINE PARTS CO COM	$0	–	-6,227	–	-0.25%	–
IVV	Exit	ISHARES S&P 500 INDEXcore s&p500 etf	$0	–	-1,849	–	-0.26%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,111	–	-0.26%	–
MORN	Exit	MORNINGSTAR INC COM	$0	–	-3,993	–	-0.27%	–
TREX	Exit	TREX CO INC COM	$0	–	-9,170	–	-0.28%	–
DOW	Exit	DOW INC COM	$0	–	-13,957	–	-0.28%	–
LEGH	Exit	LEGACY HOUSING CORP COM	$0	–	-48,595	–	-0.28%	–
HRTX	Exit	HERON THERAPEUTICS INC COM	$0	–	-46,490	–	-0.29%	–
KO	Exit	COCA COLA CO COM	$0	–	-13,991	–	-0.29%	–
DY	Exit	DYCOM INDS INC COM	$0	–	-13,128	–	-0.29%	–
PGNY	Exit	PROGYNY INC	$0	–	-24,059	–	-0.30%	–
CLVT	Exit	CLARIVATE ANALYTICS PLC	$0	–	-22,955	–	-0.30%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-5,845	–	-0.30%	–
PEP	Exit	PEPSICO INC COM	$0	–	-5,192	–	-0.30%	–
W	Exit	WAYFAIR INCcl a	$0	–	-2,471	–	-0.30%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-6,642	–	-0.30%	–
HD	Exit	HOME DEPOT	$0	–	-2,639	–	-0.31%	–
ZYXI	Exit	ZYNEX INC COM	$0	–	-42,427	–	-0.31%	–
	Exit	US ECOLOGY INC COM	$0	–	-23,369	–	-0.32%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-63,257	–	-0.33%	–
DLTR	Exit	DOLLAR TREE INC COM	$0	–	-8,677	–	-0.33%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP COM	$0	–	-8,696	–	-0.33%	–
FORM	Exit	FORMFACTOR INC COM	$0	–	-32,113	–	-0.34%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-2,208	–	-0.34%	–
MITK	Exit	MITEK SYS INC COM NEW	$0	–	-63,761	–	-0.34%	–
KEYS	Exit	Keysight Technologies	$0	–	-8,236	–	-0.34%	–
LRN	Exit	K12 INC COM	$0	–	-31,193	–	-0.34%	–
BMI	Exit	Badger Meter Inc	$0	–	-12,576	–	-0.34%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-7,830	–	-0.35%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-12,756	–	-0.35%	–
ENS	Exit	ENERSYS COM	$0	–	-12,693	–	-0.36%	–
RLI	Exit	RLI CORP COM	$0	–	-10,206	–	-0.36%	–
NVR	Exit	NVR INC COM	$0	–	-217	–	-0.37%	–
MCK	Exit	MCKESSON CORP COM	$0	–	-6,013	–	-0.38%	–
ALRM	Exit	ALARM COM HLDGS INC COM	$0	–	-16,539	–	-0.38%	–
MRK	Exit	MERCK & CO INC	$0	–	-11,217	–	-0.39%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-6,276	–	-0.39%	–
CVX	Exit	CHEVRON CORP NEW COM	$0	–	-13,239	–	-0.40%	–
PAYX	Exit	PAYCHEX INC	$0	–	-12,023	–	-0.40%	–
CCOI	Exit	COGENT COMMUNICATIONS HOLDINGS	$0	–	-16,365	–	-0.41%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-13,235	–	-0.42%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-16,974	–	-0.42%	–
FOXF	Exit	FOX FACTORY HLDG CORP COM	$0	–	-14,246	–	-0.44%	–
ZS	Exit	ZSCALER INC COM	$0	–	-7,573	–	-0.45%	–
PFE	Exit	PFIZER INC COM	$0	–	-29,287	–	-0.45%	–
KRNT	Exit	KORNIT DIGITAL LTD SHS	$0	–	-16,892	–	-0.46%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-6,707	–	-0.47%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$0	–	-16,455	–	-0.48%	–
AIT	Exit	APPLIED INDL TECHNOLOGIES INC COM	$0	–	-20,923	–	-0.48%	–
XPEL	Exit	XPEL INC COM	$0	–	-44,435	–	-0.48%	–
INGN	Exit	INOGEN INC COM	$0	–	-40,442	–	-0.49%	–
MCO	Exit	MOODYS CORP COM	$0	–	-4,133	–	-0.50%	–
ALGN	Exit	ALIGN TECHNOLOGY INC COM	$0	–	-3,683	–	-0.50%	–
GMRE	Exit	GLOBAL MED REIT INC COM NEW	$0	–	-89,812	–	-0.51%	–
OMCL	Exit	OMNICELL COM COM	$0	–	-16,651	–	-0.52%	–
HMSY	Exit	HMS HLDGS CORP COM	$0	–	-53,812	–	-0.54%	–
SLAB	Exit	SILICON LABORATORIESINC OC COM	$0	–	-13,180	–	-0.54%	–
MSTR	Exit	MICROSTRATEGY INC CL A NEWcl a new	$0	–	-8,576	–	-0.54%	–
AIMC	Exit	ALTRA INDL MOTION CORP COM	$0	–	-35,376	–	-0.55%	–
CMCSA	Exit	COMCAST CORP NEW CL Acl a	$0	–	-28,526	–	-0.55%	–
MDT	Exit	MEDTRONIC PLC SHS	$0	–	-12,851	–	-0.56%	–
DLR	Exit	DIGITAL RLTY TR INC COM	$0	–	-9,111	–	-0.56%	–
ISRG	Exit	INTUITIVE SURGICAL, INC.	$0	–	-1,912	–	-0.57%	–
CLAR	Exit	CLARUS CORP NEW COM	$0	–	-96,286	–	-0.57%	–
CRM	Exit	SALESFORCE COM INC COM	$0	–	-5,663	–	-0.60%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-6,519	–	-0.64%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-42,381	–	-0.64%	–
PRAA	Exit	PRA GROUP	$0	–	-39,318	–	-0.66%	–
ECL	Exit	ECOLAB INC COM	$0	–	-7,927	–	-0.66%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLASS A	$0	–	-7,053	–	-0.67%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC COM	$0	–	-13,124	–	-0.67%	–
TYL	Exit	TYLER TECHNOLOGIES INC COM	$0	–	-4,607	–	-0.67%	–
SLP	Exit	SIMULATIONS PLUS INC COM	$0	–	-21,340	–	-0.67%	–
BKNG	Exit	BOOKING HOLDINGS	$0	–	-962	–	-0.69%	–
SYK	Exit	STRYKER CORP	$0	–	-7,936	–	-0.69%	–
CSGP	Exit	COSTAR GRP INC	$0	–	-2,031	–	-0.72%	–
CFX	Exit	COLFAX CORP	$0	–	-55,721	–	-0.73%	–
BOH	Exit	BANK HAWAII CORP COM	$0	–	-35,121	–	-0.74%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-9,602	–	-0.74%	–
AMAT	Exit	APPLIED MATLS INC COM	$0	–	-31,250	–	-0.78%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW COM	$0	–	-11,227	–	-0.78%	–
MSFT	Exit	MICROSOFT	$0	–	-9,349	–	-0.82%	–
TRUP	Exit	TRUPANION INC COM	$0	–	-25,035	–	-0.83%	–
FB	Exit	FACEBOOK INC CL Acl a	$0	–	-7,678	–	-0.84%	–
GSHD	Exit	GOOSEHEAD INS INC COM CL A	$0	–	-23,749	–	-0.86%	–
GOOG	Exit	ALPHABET INC CAP STK CL Ccap stk cl c	$0	–	-1,409	–	-0.87%	–
INTC	Exit	INTEL CORP COM	$0	–	-41,595	–	-0.90%	–
PYPL	Exit	PAYPAL HLDGS INC COM	$0	–	-11,167	–	-0.92%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-27,873	–	-0.92%	–
CSCO	Exit	CISCO SYS INC	$0	–	-57,223	–	-0.94%	–
FISV	Exit	FISERV INC	$0	–	-23,281	–	-1.00%	–
CERN	Exit	CERNER CORP COM	$0	–	-35,232	–	-1.06%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC COM	$0	–	-100,135	–	-1.07%	–
NXPI	Exit	NXP SEMICONDUCTORS NV COM	$0	–	-20,927	–	-1.09%	–
BL	Exit	BLACKLINE INC COM	$0	–	-30,198	–	-1.13%	–
FAST	Exit	FASTENAL CO	$0	–	-62,196	–	-1.17%	–
DHR	Exit	DANAHER CORP	$0	–	-13,258	–	-1.19%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG PLC SHS	$0	–	-67,233	–	-1.21%	–
ADSK	Exit	AUTODESK INC COM	$0	–	-12,796	–	-1.24%	–
MMM	Exit	3M CO COM	$0	–	-19,483	–	-1.31%	–
BECN	Exit	BEACON ROOFING SUPPLY	$0	–	-111,780	–	-1.45%	–
LSXMA	Exit	LIBERTY MEDIA CORP SIRIUSXM	$0	–	-106,022	–	-1.47%	–
AAPL	Exit	APPLE INC	$0	–	-30,743	–	-1.49%	–
GOOGL	Exit	ALPHABET INC CAP STK CL Acap stk cl a	$0	–	-2,493	–	-1.53%	–
INTU	Exit	INTUIT COM	$0	–	-11,668	–	-1.59%	–
CPRT	Exit	COPART INC	$0	–	-37,803	–	-1.66%	–
TXN	Exit	TEXAS INSTRS INC COM	$0	–	-28,011	–	-1.67%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-41,740	–	-1.68%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP INC	$0	–	-198,101	–	-1.78%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-29,796	–	-1.79%	–
KSU	Exit	KANSAS CITY SOUTHERN COM NEW	$0	–	-23,935	–	-1.81%	–
WSO	Exit	WATSCO INC	$0	–	-19,219	–	-1.87%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$0	–	-22,031	–	-1.96%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT CORPcl a	$0	–	-382,269	–	-2.22%	–
MKL	Exit	MARKEL CORP HOLDING CO	$0	–	-5,476	–	-2.23%	–
V	Exit	VISA INC	$0	–	-28,238	–	-2.36%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,124	–	-2.80%	–
KNX	Exit	KNIGHT TRANSPORTATION INCcl a	$0	–	-181,247	–	-3.09%	–
KMX	Exit	CARMAX INC	$0	–	-80,730	–	-3.10%	–

Q3 2020

			Value		Shares		↓ Weighting
KMX	Sell	CARMAX INC	$7,420,000	-3.7%	80,730	-6.2%	3.10%	-3.3%
KNX	Sell	KNIGHT TRANSPORTATION INCcl a	$7,377,000	-2.6%	181,247	-0.2%	3.09%	-2.2%
AMZN	Sell	AMAZON.COM INC	$6,688,000	+6.6%	2,124	-6.6%	2.80%	+7.0%
V	Sell	VISA INC	$5,647,000	+2.6%	28,238	-0.9%	2.36%	+3.0%
MKL	Sell	MARKEL CORP HOLDING CO	$5,332,000	-0.1%	5,476	-5.2%	2.23%	+0.4%
MNR	Sell	MONMOUTH REAL ESTATE INVT CORPcl a	$5,294,000	-6.0%	382,269	-1.7%	2.22%	-5.6%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$4,691,000	+6.8%	22,031	-10.5%	1.96%	+7.2%
WSO	Sell	WATSCO INC	$4,476,000	+30.2%	19,219	-0.6%	1.87%	+30.7%
KSU	Sell	KANSAS CITY SOUTHERN COM NEW	$4,328,000	+20.5%	23,935	-0.5%	1.81%	+20.9%
TSCO	Sell	TRACTOR SUPPLY CO	$4,271,000	+6.2%	29,796	-2.4%	1.79%	+6.7%
HCSG	Buy	HEALTHCARE SERVICES GROUP INC	$4,265,000	-7.4%	198,101	+5.2%	1.78%	-7.1%
JPM	Sell	JPMORGAN CHASE & CO COM	$4,018,000	-0.4%	41,740	-2.7%	1.68%	0.0%
TXN	Sell	TEXAS INSTRS INC COM	$4,000,000	+12.3%	28,011	-0.1%	1.67%	+12.8%
CPRT	Sell	COPART INC	$3,975,000	-6.7%	37,803	-26.1%	1.66%	-6.3%
INTU	Sell	INTUIT COM	$3,806,000	+9.6%	11,668	-0.5%	1.59%	+10.1%
GOOGL	Buy	ALPHABET INC CAP STK CL Acap stk cl a	$3,654,000	+3.9%	2,493	+0.5%	1.53%	+4.4%
AAPL	Buy	APPLE INC	$3,560,000	-1.6%	30,743	+210.0%	1.49%	-1.2%
LSXMA	Buy	LIBERTY MEDIA CORP SIRIUSXM	$3,517,000	-3.9%	106,022	+0.0%	1.47%	-3.5%
BECN	Sell	BEACON ROOFING SUPPLY	$3,473,000	-46.2%	111,780	-54.3%	1.45%	-45.9%
MMM	Buy	3M CO COM	$3,121,000	+51.3%	19,483	+47.3%	1.31%	+52.0%
ADSK	Sell	AUTODESK INC COM	$2,956,000	-4.9%	12,796	-1.6%	1.24%	-4.5%
ST	Sell	SENSATA TECHNOLOGIES HLDG PLC SHS	$2,900,000	+5.9%	67,233	-8.6%	1.21%	+6.3%
DHR	Sell	DANAHER CORP	$2,855,000	+20.6%	13,258	-1.0%	1.19%	+21.1%
FAST	Sell	FASTENAL CO	$2,804,000	-5.9%	62,196	-10.6%	1.17%	-5.6%
BL	Sell	BLACKLINE INC COM	$2,707,000	+7.9%	30,198	-0.2%	1.13%	+8.3%
NXPI	Sell	NXP SEMICONDUCTORS NV COM	$2,612,000	+8.5%	20,927	-0.9%	1.09%	+9.0%
IRDM	Buy	IRIDIUM COMMUNICATIONS INC COM	$2,561,000	+1.4%	100,135	+0.9%	1.07%	+1.8%
CERN	Sell	CERNER CORP COM	$2,547,000	+5.2%	35,232	-0.3%	1.06%	+5.6%
FISV	Sell	FISERV INC	$2,399,000	-11.0%	23,281	-15.7%	1.00%	-10.6%
CSCO	Buy	CISCO SYS INC	$2,254,000	-9.0%	57,223	+7.8%	0.94%	-8.5%
D	Sell	DOMINION RESOURCES INC	$2,200,000	-4.6%	27,873	-1.9%	0.92%	-4.3%
PYPL	Buy	PAYPAL HLDGS INC COM	$2,200,000	+13.5%	11,167	+0.4%	0.92%	+14.0%
INTC	Sell	INTEL CORP COM	$2,154,000	-21.7%	41,595	-9.5%	0.90%	-21.4%
GOOG	Sell	ALPHABET INC CAP STK CL Ccap stk cl c	$2,071,000	-13.9%	1,409	-17.2%	0.87%	-13.6%
GSHD	Buy	GOOSEHEAD INS INC COM CL A	$2,056,000	+15.3%	23,749	+0.1%	0.86%	+15.7%
FB	Sell	FACEBOOK INC CL Acl a	$2,011,000	-7.9%	7,678	-20.1%	0.84%	-7.5%
TRUP	Buy	TRUPANION INC COM	$1,975,000	+85.1%	25,035	+0.2%	0.83%	+86.0%
MSFT	Buy	MICROSOFT	$1,966,000	+3.5%	9,349	+0.2%	0.82%	+3.9%
CCI	Sell	CROWN CASTLE INTL CORP NEW COM	$1,869,000	-2.5%	11,227	-2.0%	0.78%	-2.1%
AMAT	Sell	APPLIED MATLS INC COM	$1,858,000	-18.1%	31,250	-16.8%	0.78%	-17.8%
BOH	New	BANK HAWAII CORP COM	$1,774,000	–	35,121	–	0.74%	–
CFX	Sell	COLFAX CORP	$1,747,000	+2.8%	55,721	-8.5%	0.73%	+3.2%
CSGP	Sell	COSTAR GRP INC	$1,723,000	+18.6%	2,031	-0.7%	0.72%	+19.2%
SYK	Sell	STRYKER CORP	$1,654,000	-5.6%	7,936	-18.4%	0.69%	-5.2%
BKNG	Sell	BOOKING HOLDINGS	$1,646,000	-1.2%	962	-8.0%	0.69%	-0.7%
TYL	Buy	TYLER TECHNOLOGIES INC COM	$1,606,000	+1.0%	4,607	+0.5%	0.67%	+1.5%
ACN	Buy	ACCENTURE PLC IRELAND SHS CLASS A	$1,594,000	+5.5%	7,053	+0.3%	0.67%	+6.0%
ECL	Buy	ECOLAB INC COM	$1,584,000	+1.0%	7,927	+0.5%	0.66%	+1.4%
PRAA	Sell	PRA GROUP	$1,571,000	-48.2%	39,318	-49.9%	0.66%	-48.0%
SCHW	Sell	SCHWAB CHARLES CORP	$1,535,000	-5.3%	42,381	-11.8%	0.64%	-4.9%
BDX	Buy	BECTON DICKINSON & CO COM	$1,517,000	+15.0%	6,519	+18.3%	0.64%	+15.7%
CRM	Buy	SALESFORCE COM INC COM	$1,423,000	+35.5%	5,663	+1.0%	0.60%	+36.2%
CLAR	Sell	CLARUS CORP NEW COM	$1,360,000	+9.7%	96,286	-10.1%	0.57%	+10.1%
ISRG	Sell	INTUITIVE SURGICAL, INC.	$1,357,000	+23.7%	1,912	-0.7%	0.57%	+24.3%
DLR	Buy	DIGITAL RLTY TR INC COM	$1,337,000	+4.9%	9,111	+1.6%	0.56%	+5.3%
MDT	Sell	MEDTRONIC PLC SHS	$1,335,000	-10.0%	12,851	-20.5%	0.56%	-9.7%
CMCSA	Sell	COMCAST CORP NEW CL Acl a	$1,320,000	-5.2%	28,526	-20.2%	0.55%	-4.8%
MSTR	Buy	MICROSTRATEGY INC CL A NEWcl a new	$1,291,000	+27.4%	8,576	+0.2%	0.54%	+28.0%
SLAB	Buy	SILICON LABORATORIESINC OC COM	$1,290,000	-2.3%	13,180	+0.2%	0.54%	-1.8%
HMSY	Buy	HMS HLDGS CORP COM	$1,289,000	-26.0%	53,812	+0.1%	0.54%	-25.7%
OMCL	Buy	OMNICELL COM COM	$1,243,000	+5.9%	16,651	+0.2%	0.52%	+6.3%
GMRE	Buy	GLOBAL MED REIT INC COM NEW	$1,212,000	+31.3%	89,812	+10.2%	0.51%	+32.0%
ALGN	Sell	ALIGN TECHNOLOGY INC COM	$1,206,000	+18.6%	3,683	-0.6%	0.50%	+18.9%
MCO	Sell	MOODYS CORP COM	$1,198,000	+4.3%	4,133	-1.2%	0.50%	+4.6%
INGN	Buy	INOGEN INC COM	$1,173,000	-16.7%	40,442	+2.0%	0.49%	-16.4%
XPEL	Buy	XPEL INC COM	$1,159,000	+67.2%	44,435	+0.3%	0.48%	+67.8%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$1,142,000	-0.5%	16,455	-18.5%	0.48%	0.0%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$1,118,000	+47.1%	6,707	-1.8%	0.47%	+47.6%
KRNT	Sell	KORNIT DIGITAL LTD SHS	$1,096,000	-29.3%	16,892	-41.8%	0.46%	-29.1%
PFE	Buy	PFIZER INC COM	$1,075,000	+42.8%	29,287	+27.2%	0.45%	+43.3%
ZS	New	ZSCALER INC COM	$1,065,000	–	7,573	–	0.45%	–
FTV	Buy	FORTIVE CORP COM	$1,009,000	+13.2%	13,235	+0.5%	0.42%	+13.7%
VZ	Buy	VERIZON COMMUNICATIONS	$1,010,000	+37.8%	16,974	+27.6%	0.42%	+38.4%
CCOI	New	COGENT COMMUNICATIONS HOLDINGS	$983,000	–	16,365	–	0.41%	–
PAYX	Buy	PAYCHEX INC	$959,000	+18.0%	12,023	+12.0%	0.40%	+18.3%
CVX	Buy	CHEVRON CORP NEW COM	$953,000	-14.8%	13,239	+5.6%	0.40%	-14.4%
JNJ	Buy	JOHNSON & JOHNSON COM	$934,000	+10.3%	6,276	+4.1%	0.39%	+10.8%
MRK	Buy	MERCK & CO INC	$930,000	+20.6%	11,217	+12.5%	0.39%	+21.2%
ALRM	Buy	ALARM COM HLDGS INC COM	$914,000	-14.6%	16,539	+0.2%	0.38%	-14.3%
MCK	Sell	MCKESSON CORP COM	$896,000	-18.0%	6,013	-15.6%	0.38%	-17.6%
NVR	Sell	NVR INC COM	$886,000	0.0%	217	-20.2%	0.37%	+0.5%
RLI	Buy	RLI CORP COM	$855,000	+2.3%	10,206	+0.2%	0.36%	+2.9%
EMR	Buy	EMERSON ELEC CO COM	$836,000	+66.5%	12,756	+57.7%	0.35%	+67.5%
FCN	New	FTI CONSULTING INC	$830,000	–	7,830	–	0.35%	–
BMI	Buy	Badger Meter Inc	$822,000	+4.2%	12,576	+0.2%	0.34%	+4.6%
KEYS	Sell	Keysight Technologies	$814,000	-15.5%	8,236	-13.8%	0.34%	-15.0%
MITK	Buy	MITEK SYS INC COM NEW	$812,000	+32.9%	63,761	+0.3%	0.34%	+33.3%
AVGO	Buy	BROADCOM INC COM	$804,000	+39.6%	2,208	+21.1%	0.34%	+40.0%
DLTR	Sell	DOLLAR TREE INC COM	$793,000	-78.4%	8,677	-78.1%	0.33%	-78.3%
KMI	Buy	KINDER MORGAN INC	$780,000	+25.8%	63,257	+54.8%	0.33%	+26.4%
	Buy	US ECOLOGY INC COM	$763,000	-3.4%	23,369	+0.2%	0.32%	-3.0%
ZYXI	Buy	ZYNEX INC COM	$740,000	-29.7%	42,427	+0.3%	0.31%	-29.2%
HD	Buy	HOME DEPOT	$733,000	+13.5%	2,639	+2.4%	0.31%	+14.1%
LEA	Sell	LEAR CORP COM NEW	$724,000	-18.7%	6,642	-18.7%	0.30%	-18.3%
PEP	Buy	PEPSICO INC COM	$720,000	+9.9%	5,192	+4.8%	0.30%	+10.3%
W	Sell	WAYFAIR INCcl a	$719,000	-18.2%	2,471	-44.5%	0.30%	-17.8%
CLVT	Buy	CLARIVATE ANALYTICS PLC	$711,000	+39.1%	22,955	+0.2%	0.30%	+39.4%
IBM	Sell	INTL BUSINESS MACHINES	$711,000	-0.3%	5,845	-1.0%	0.30%	0.0%
PGNY	Buy	PROGYNY INC	$708,000	+14.4%	24,059	+0.3%	0.30%	+14.7%
DY	Buy	DYCOM INDS INC COM	$693,000	+29.5%	13,128	+0.4%	0.29%	+30.0%
KO	Buy	COCA COLA CO COM	$691,000	+49.6%	13,991	+35.4%	0.29%	+50.5%
HRTX	Buy	HERON THERAPEUTICS INC COM	$689,000	+1.2%	46,490	+0.4%	0.29%	+1.4%
LEGH	Buy	LEGACY HOUSING CORP COM	$665,000	-3.3%	48,595	+0.4%	0.28%	-3.1%
TREX	Buy	TREX CO INC COM	$657,000	+10.2%	9,170	+100.0%	0.28%	+10.9%
DOW	Buy	DOW INC COM	$657,000	+18.6%	13,957	+2.6%	0.28%	+19.0%
MORN	Buy	MORNINGSTAR INC COM	$641,000	+14.3%	3,993	+0.3%	0.27%	+14.5%
BLK	Sell	BLACKROCK INC	$626,000	+1.1%	1,111	-2.3%	0.26%	+1.6%
PG	Sell	PROCTER AND GAMBLE CO COM	$557,000	-10.5%	4,008	-23.0%	0.23%	-10.0%
STAA	Buy	STAAR SURGICAL CO COM PAR $0.01	$556,000	-7.9%	9,837	+0.3%	0.23%	-7.5%
QUOT	Buy	QUOTIENT TECHNOLOGY INC COM	$549,000	+1.1%	74,393	+0.3%	0.23%	+1.8%
T	Buy	AT&T INC COM	$548,000	-5.0%	19,206	+0.6%	0.23%	-4.6%
STMP	Sell	STAMPS COM INC COM NEW	$532,000	-33.7%	2,210	-49.4%	0.22%	-33.2%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC COM	$529,000	-29.9%	14,714	-17.4%	0.22%	-29.8%
LPSN	Sell	LIVEPERSON INC COM	$516,000	-7.4%	9,922	-26.2%	0.22%	-6.9%
PS	Buy	PLURALSIGHT INC COM CL A	$507,000	-4.7%	29,600	+0.5%	0.21%	-4.5%
FHB	New	FIRST HAWAIIAN	$485,000	–	33,526	–	0.20%	–
CPF	New	CENTRAL PACIFIC FINANCIAL	$478,000	–	35,205	–	0.20%	–
PI	Buy	IMPINJ INC COM	$468,000	-3.5%	17,754	+0.6%	0.20%	-3.0%
VT	Buy	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$420,000	+15.7%	5,206	+7.2%	0.18%	+16.6%
TRHC	Buy	TABULA RASA HEALTHCARE INC COM	$402,000	-25.3%	9,866	+0.4%	0.17%	-25.0%
NPTN	Buy	NEOPHOTONICS CORP COM	$400,000	-31.3%	65,732	+0.3%	0.17%	-31.0%
DRH	Sell	DIAMONDROCK HOSPITALITY	$394,000	-8.4%	77,681	-0.1%	0.16%	-7.8%
GWRS	Buy	Global Water Resources	$392,000	+2.9%	36,383	+0.6%	0.16%	+3.1%
FND	Sell	FLOOR & DECOR HLDGS INC CL Acl a	$389,000	-38.9%	5,197	-52.9%	0.16%	-38.5%
MEDP	Buy	MEDPACE HLDGS INC COM	$380,000	+20.6%	3,403	+0.4%	0.16%	+21.4%
AUB	Buy	ATLANTIC UN BANKSHARES CORP COM	$360,000	-6.7%	16,835	+0.9%	0.15%	-6.2%
NSSC	Buy	NAPCO SEC TECHNOLOGIES INC COM	$352,000	+0.9%	14,989	+0.3%	0.15%	+1.4%
WFC	Sell	WELLS FARGO CO NEW COM	$341,000	-36.9%	14,487	-31.3%	0.14%	-36.4%
VEA	Buy	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$339,000	+15.3%	8,292	+9.2%	0.14%	+16.4%
BUD	Buy	ANHEUSER BUSCH INBEV ADRsponsored adr	$339,000	+10.4%	6,286	+0.8%	0.14%	+10.9%
FELE	Buy	Franklin Electric Inc	$334,000	+12.8%	5,683	+0.7%	0.14%	+13.8%
WTS	Buy	Watts Water Technologies Inccl a	$306,000	+24.9%	3,055	+0.8%	0.13%	+25.5%
PRAH	Buy	PRA HEALTH SCIENCES INC COM	$293,000	+5.0%	2,885	+0.6%	0.12%	+6.0%
VRAY	Buy	VIEWRAY INC COM	$289,000	+58.8%	82,443	+1.2%	0.12%	+59.2%
FDX	New	FEDEX CORP COM	$269,000	–	1,068	–	0.11%	–
PH	Sell	PARKER-HANNIFIN CORP COM	$263,000	-4.4%	1,300	-13.3%	0.11%	-4.3%
ERII	Buy	Energy Recovery Inc	$256,000	+8.5%	31,241	+0.6%	0.11%	+9.2%
SPEM	New	SPDR PORTFOLIO EMERGING MARKETS ETFportfolio emg mk	$224,000	–	6,120	–	0.09%	–
MA	New	MASTERCARD INCORPORATED CL Acl a	$223,000	–	660	–	0.09%	–
AQUA	Buy	EVOQUA WATER TECHNOLOGIES CORP COM	$219,000	+14.7%	10,302	+0.6%	0.09%	+15.0%
CVM	Buy	CEL-SCI CORP COM PAR NEW	$176,000	-12.9%	13,786	+1.7%	0.07%	-11.9%
FTSM	Exit	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$0	–	-3,825	–	-0.10%	–
VTNR	Exit	VERTEX ENERGY INC COM	$0	–	-418,051	–	-0.12%	–
	Exit	PORTFOLIO RECOVERY ASSOCS INCnote 3.000% 8/0	$0	–	-377,000	–	-0.16%	–
ABM	Exit	ABM INDS INC COM	$0	–	-11,981	–	-0.18%	–
SMTC	Exit	SEMTECH CORP COM	$0	–	-22,220	–	-0.48%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-48,801	–	-0.67%	–
PRLB	Exit	PROTO LABS INC COM	$0	–	-17,940	–	-0.84%	–

Q2 2020

			Value		Shares		↓ Weighting
KMX	New	CARMAX INC	$7,708,000	–	86,073	–	3.21%	–
KNX	New	KNIGHT TRANSPORTATION INCcl a	$7,576,000	–	181,640	–	3.16%	–
BECN	New	BEACON ROOFING SUPPLY	$6,450,000	–	244,593	–	2.69%	–
AMZN	New	AMAZON.COM INC	$6,276,000	–	2,275	–	2.61%	–
MNR	New	MONMOUTH REAL ESTATE INVT CORPcl a	$5,634,000	–	388,839	–	2.35%	–
V	New	VISA INC	$5,506,000	–	28,504	–	2.29%	–
MKL	New	MARKEL CORP HOLDING CO	$5,335,000	–	5,779	–	2.22%	–
HCSG	New	HEALTHCARE SERVICES GROUP INC	$4,608,000	–	188,382	–	1.92%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$4,393,000	–	24,607	–	1.83%	–
CPRT	New	COPART INC	$4,259,000	–	51,141	–	1.77%	–
JPM	New	JPMORGAN CHASE & CO COM	$4,036,000	–	42,913	–	1.68%	–
TSCO	New	TRACTOR SUPPLY CO	$4,022,000	–	30,518	–	1.68%	–
DLTR	New	DOLLAR TREE INC COM	$3,679,000	–	39,692	–	1.53%	–
LSXMA	New	LIBERTY MEDIA CORP SIRIUSXM	$3,660,000	–	106,019	–	1.52%	–
AAPL	New	APPLE INC	$3,618,000	–	9,918	–	1.51%	–
KSU	New	KANSAS CITY SOUTHERN COM NEW	$3,593,000	–	24,064	–	1.50%	–
TXN	New	TEXAS INSTRS INC COM	$3,561,000	–	28,049	–	1.48%	–
GOOGL	New	ALPHABET INC CAP STK CL Acap stk cl a	$3,518,000	–	2,481	–	1.46%	–
INTU	New	INTUIT COM	$3,472,000	–	11,722	–	1.45%	–
WSO	New	WATSCO INC	$3,437,000	–	19,343	–	1.43%	–
ADSK	New	AUTODESK INC COM	$3,109,000	–	12,998	–	1.30%	–
PRAA	New	PRA GROUP	$3,031,000	–	78,403	–	1.26%	–
FAST	New	FASTENAL CO	$2,981,000	–	69,574	–	1.24%	–
INTC	New	INTEL CORP COM	$2,750,000	–	45,966	–	1.15%	–
ST	New	SENSATA TECHNOLOGIES HLDNG PLC SHS	$2,739,000	–	73,579	–	1.14%	–
FISV	New	FISERV INC	$2,695,000	–	27,604	–	1.12%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC COM	$2,526,000	–	99,285	–	1.05%	–
BL	New	BLACKLINE INC COM	$2,509,000	–	30,265	–	1.04%	–
CSCO	New	CISCO SYS INC	$2,476,000	–	53,094	–	1.03%	–
CERN	New	CERNER CORP COM	$2,422,000	–	35,331	–	1.01%	–
NXPI	New	NXP SEMICONDUCTORS NV COM	$2,407,000	–	21,107	–	1.00%	–
GOOG	New	ALPHABET INC CAP STK CL Ccap stk cl c	$2,405,000	–	1,701	–	1.00%	–
DHR	New	DANAHER CORP	$2,367,000	–	13,386	–	0.99%	–
D	New	DOMINION RESOURCES INC	$2,307,000	–	28,421	–	0.96%	–
AMAT	New	APPLIED MATLS INC COM	$2,269,000	–	37,543	–	0.94%	–
FB	New	FACEBOOK INC CL Acl a	$2,183,000	–	9,614	–	0.91%	–
MMM	New	3M CO COM	$2,063,000	–	13,225	–	0.86%	–
PRLB	New	PROTO LABS INC COM	$2,018,000	–	17,940	–	0.84%	–
PYPL	New	PAYPAL HLDGS INC COM	$1,938,000	–	11,126	–	0.81%	–
CCI	New	CROWN CASTLE INTL CORP NEW COM	$1,917,000	–	11,456	–	0.80%	–
MSFT	New	MICROSOFT	$1,899,000	–	9,329	–	0.79%	–
GSHD	New	GOOSEHEAD INS INC COM CL A	$1,783,000	–	23,724	–	0.74%	–
SYK	New	STRYKER CORP	$1,753,000	–	9,726	–	0.73%	–
HMSY	New	HMS HLDGS CORP COM	$1,741,000	–	53,762	–	0.72%	–
CFX	New	COLFAX CORP	$1,699,000	–	60,896	–	0.71%	–
BKNG	New	BOOKING HOLDINGS	$1,666,000	–	1,046	–	0.69%	–
VRSK	New	VERISK ANALYTICS INC	$1,634,000	–	9,602	–	0.68%	–
SCHW	New	SCHWAB CHARLES CORP	$1,621,000	–	48,050	–	0.68%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$1,606,000	–	48,801	–	0.67%	–
TYL	New	TYLER TECHNOLOGIES INC COM	$1,590,000	–	4,584	–	0.66%	–
ECL	New	ECOLAB INC COM	$1,569,000	–	7,884	–	0.65%	–
KRNT	New	KORNIT DIGITAL LTD SHS	$1,550,000	–	29,037	–	0.65%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLASS A	$1,511,000	–	7,035	–	0.63%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC COM	$1,496,000	–	13,124	–	0.62%	–
MDT	New	MEDTRONIC PLC SHS	$1,483,000	–	16,168	–	0.62%	–
CSGP	New	COSTAR GRP INC	$1,453,000	–	2,045	–	0.60%	–
INGN	New	INOGEN INC COM	$1,408,000	–	39,638	–	0.59%	–
CMCSA	New	COMCAST CORP NEW CL Acl a	$1,393,000	–	35,728	–	0.58%	–
SLAB	New	SILICON LABORATORIESINC OC COM	$1,320,000	–	13,160	–	0.55%	–
BDX	New	BECTON DICKINSON & CO COM	$1,319,000	–	5,512	–	0.55%	–
AIT	New	APPLIED INDL TECHNOLOGIES INC COM	$1,305,000	–	20,923	–	0.54%	–
SLP	New	SIMULATIONS PLUS INC COM	$1,277,000	–	21,340	–	0.53%	–
DLR	New	DIGITAL RLTY TR INC COM	$1,274,000	–	8,966	–	0.53%	–
CLAR	New	CLARUS CORP NEW COM	$1,240,000	–	107,063	–	0.52%	–
FOXF	New	FOX FACTORY HLDG CORP COM	$1,177,000	–	14,246	–	0.49%	–
OMCL	New	OMNICELL INC COM	$1,174,000	–	16,626	–	0.49%	–
SMTC	New	SEMTECH CORP COM	$1,160,000	–	22,220	–	0.48%	–
MCO	New	MOODYS CORP COM	$1,149,000	–	4,183	–	0.48%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$1,148,000	–	20,197	–	0.48%	–
AIMC	New	ALTRA INDL MOTION CORP COM	$1,127,000	–	35,376	–	0.47%	–
CVX	New	CHEVRON CORP NEW COM	$1,119,000	–	12,539	–	0.47%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$1,097,000	–	1,925	–	0.46%	–
MCK	New	MCKESSON CORP COM	$1,093,000	–	7,124	–	0.46%	–
ALRM	New	ALARM COM HLDGS INC COM	$1,070,000	–	16,514	–	0.45%	–
TRUP	New	TRUPANION INC COM	$1,067,000	–	24,995	–	0.44%	–
ZYXI	New	ZYNEX INC COM	$1,052,000	–	42,302	–	0.44%	–
CRM	New	SALESFORCE COM INC COM	$1,050,000	–	5,605	–	0.44%	–
ALGN	New	ALIGN TECHNOLOGY INC COM	$1,017,000	–	3,704	–	0.42%	–
MSTR	New	MICROSTRATEGY INC CL A NEWcl a new	$1,013,000	–	8,561	–	0.42%	–
KEYS	New	Keysight Technologies	$963,000	–	9,559	–	0.40%	–
FORM	New	FORMFACTOR INC COM	$942,000	–	32,113	–	0.39%	–
GMRE	New	GLOBAL MED REIT INC COM NEW	$923,000	–	81,505	–	0.38%	–
LEA	New	LEAR CORP COM NEW	$890,000	–	8,166	–	0.37%	–
FTV	New	FORTIVE CORP COM	$891,000	–	13,175	–	0.37%	–
NVR	New	NVR INC COM	$886,000	–	272	–	0.37%	–
W	New	WAYFAIR INCcl a	$879,000	–	4,450	–	0.37%	–
LRN	New	K12 INC COM	$850,000	–	31,193	–	0.35%	–
JNJ	New	JOHNSON & JOHNSON COM	$847,000	–	6,026	–	0.35%	–
RLI	New	RLI CORP COM	$836,000	–	10,186	–	0.35%	–
ENS	New	ENERSYS COM	$817,000	–	12,693	–	0.34%	–
PAYX	New	PAYCHEX INC	$813,000	–	10,733	–	0.34%	–
STMP	New	STAMPS COM INC COM NEW	$802,000	–	4,365	–	0.33%	–
BMI	New	Badger Meter Inc	$789,000	–	12,546	–	0.33%	–
	New	US ECOLOGY INC COM	$790,000	–	23,319	–	0.33%	–
MRK	New	MERCK & CO INC	$771,000	–	9,975	–	0.32%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$760,000	–	6,833	–	0.32%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC COM	$755,000	–	17,816	–	0.32%	–
PFE	New	PFIZER INC COM	$753,000	–	23,029	–	0.31%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP COM	$748,000	–	8,696	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS	$733,000	–	13,298	–	0.30%	–
IBM	New	INTL BUSINESS MACHINES	$713,000	–	5,907	–	0.30%	–
XPEL	New	XPEL INC COM	$693,000	–	44,285	–	0.29%	–
LEGH	New	LEGACY HOUSING CORP COM	$688,000	–	48,395	–	0.29%	–
HRTX	New	HERON THERAPEUTICS INC COM	$681,000	–	46,318	–	0.28%	–
IIVI	New	II-VI INC COM	$661,000	–	13,990	–	0.28%	–
PEP	New	PEPSICO INC COM	$655,000	–	4,952	–	0.27%	–
HD	New	HOME DEPOT	$646,000	–	2,578	–	0.27%	–
FND	New	FLOOR & DECOR HLDGS INC CL Acl a	$637,000	–	11,045	–	0.26%	–
PG	New	PROCTER AND GAMBLE CO COM	$622,000	–	5,205	–	0.26%	–
PGNY	New	PROGYNY INC	$619,000	–	23,984	–	0.26%	–
BLK	New	BLACKROCK INC	$619,000	–	1,137	–	0.26%	–
KMI	New	KINDER MORGAN INC	$620,000	–	40,865	–	0.26%	–
MITK	New	MITEK SYS INC COM NEW	$611,000	–	63,561	–	0.26%	–
STAA	New	STAAR SURGICAL CO COM PAR $0.01	$604,000	–	9,807	–	0.25%	–
TREX	New	TREX CO INC COM	$596,000	–	4,585	–	0.25%	–
NPTN	New	NEOPHOTONICS CORP COM	$582,000	–	65,532	–	0.24%	–
T	New	AT&T INC COM	$577,000	–	19,085	–	0.24%	–
AVGO	New	BROADCOM INC COM	$576,000	–	1,824	–	0.24%	–
IVV	New	ISHARES S&P 500 INDEXcore s&p500 etf	$573,000	–	1,849	–	0.24%	–
MORN	New	MORNINGSTAR INC COM	$561,000	–	3,980	–	0.23%	–
LPSN	New	LIVEPERSON INC COM	$557,000	–	13,443	–	0.23%	–
DOW	New	DOW INC COM	$554,000	–	13,602	–	0.23%	–
QUOT	New	QUOTIENT TECHNOLOGY INC COM	$543,000	–	74,193	–	0.23%	–
WFC	New	WELLS FARGO CO NEW COM	$540,000	–	21,086	–	0.22%	–
GPC	New	GENUINE PARTS CO COM	$541,000	–	6,227	–	0.22%	–
TRHC	New	TABULA RASA HEALTHCARE INC COM	$538,000	–	9,831	–	0.22%	–
DY	New	DYCOM INDS INC COM	$535,000	–	13,073	–	0.22%	–
PS	New	PLURALSIGHT INC COM CL A	$532,000	–	29,450	–	0.22%	–
CLVT	New	CLARIVATE ANALYTICS PLC	$511,000	–	22,905	–	0.21%	–
EMR	New	EMERSON ELEC CO COM	$502,000	–	8,088	–	0.21%	–
PI	New	IMPINJ INC COM	$485,000	–	17,654	–	0.20%	–
KO	New	COCA COLA CO COM	$462,000	–	10,335	–	0.19%	–
ABM	New	ABM INDS INC COM	$435,000	–	11,981	–	0.18%	–
DRH	New	DIAMONDROCK HOSPITALITY	$430,000	–	77,781	–	0.18%	–
AUB	New	ATLANTIC UN BANKSHARES CORP COM	$386,000	–	16,685	–	0.16%	–
GWRS	New	Global Water Resources	$381,000	–	36,183	–	0.16%	–
	New	PORTFOLIO RECOVERY ASSOCS INCnote 3.000% 8/0	$374,000	–	377,000	–	0.16%	–
VT	New	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$363,000	–	4,856	–	0.15%	–
NSSC	New	NAPCO SEC TECHNOLOGIES INC COM	$349,000	–	14,939	–	0.14%	–
AMBA	New	AMBARELLA INC SHS	$332,000	–	7,256	–	0.14%	–
MEDP	New	MEDPACE HLDGS INC COM	$315,000	–	3,388	–	0.13%	–
BUD	New	ANHEUSER BUSCH INBEV ADRsponsored adr	$307,000	–	6,236	–	0.13%	–
ARTNA	New	Artesian Resources Corpcl a	$303,000	–	8,363	–	0.13%	–
VTNR	New	VERTEX ENERGY INC COM	$298,000	–	418,051	–	0.12%	–
FELE	New	Franklin Electric Inc	$296,000	–	5,643	–	0.12%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$294,000	–	7,590	–	0.12%	–
PRAH	New	PRA HEALTH SCIENCES INC COM	$279,000	–	2,867	–	0.12%	–
PH	New	PARKER HANNIFIN CORP COM	$275,000	–	1,500	–	0.12%	–
WTS	New	Watts Water Technologies Inccl a	$245,000	–	3,030	–	0.10%	–
NSC	New	NORFOLK SOUTHERN CRP	$243,000	–	1,386	–	0.10%	–
ERII	New	Energy Recovery Inc	$236,000	–	31,041	–	0.10%	–
FTSM	New	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$229,000	–	3,825	–	0.10%	–
RVT	New	ROYCE VALUE TR INC	$229,000	–	18,270	–	0.10%	–
CVM	New	CEL SCI CORP COM PAR NEW	$202,000	–	13,561	–	0.08%	–
AQUA	New	EVOQUA WATER TECHNOLOGIES CORP COM	$191,000	–	10,242	–	0.08%	–
VRAY	New	VIEWRAY INC COM	$182,000	–	81,443	–	0.08%	–
PGEN	New	PRECIGEN INC COM	$56,000	–	11,167	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
XON	Exit	INTREXON CORP COM	$0	–	-10,707	–	-0.03%	–
SLCA	Exit	U S SILICA HLDGS INCCOM	$0	–	-10,532	–	-0.04%	–
CEMI	Exit	CHEMBIO DIAGNOSTICS INC COM NEW	$0	–	-25,224	–	-0.07%	–
DLTH	Exit	DULUTH HLDGS INC COM CL B	$0	–	-24,363	–	-0.09%	–
MSFT	Exit	MICROSOFT	$0	–	-1,504	–	-0.09%	–
VRAY	Exit	VIEWRAY INC COM	$0	–	-80,283	–	-0.10%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-3,311	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHERN CRP	$0	–	-1,386	–	-0.11%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-18,270	–	-0.11%	–
O	Exit	REALTY INCOME CORP	$0	–	-3,595	–	-0.12%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$0	–	-7,138	–	-0.13%	–
LAKE	Exit	LAKELAND INDS INC COM	$0	–	-25,390	–	-0.14%	–
BIG	Exit	BIG LOTS INC COM	$0	–	-13,845	–	-0.15%	–
VT	Exit	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$0	–	-4,793	–	-0.16%	–
TVTY	Exit	TIVITY HEALTH INC COM	$0	–	-21,845	–	-0.16%	–
LEGH	Exit	LEGACY HOUSING CORP COM	$0	–	-22,724	–	-0.16%	–
NPTN	Exit	NEOPHOTONICS CORP COM	$0	–	-60,518	–	-0.16%	–
	Exit	PORTFOLIO RECOVERY ASSOCS INCnote 3.000% 8/0	$0	–	-377,000	–	-0.16%	–
SYY	Exit	SYSCO CORP COM	$0	–	-5,088	–	-0.18%	–
VTNR	Exit	VERTEX ENERGY INC COM	$0	–	-364,197	–	-0.18%	–
ABM	Exit	ABM INDS INC COM	$0	–	-11,765	–	-0.19%	–
TRUP	Exit	TRUPANION INC COM	$0	–	-16,891	–	-0.19%	–
IVV	Exit	ISHARES S&P 500 INDEXcore s&p500 etf	$0	–	-1,455	–	-0.19%	–
JMST	Exit	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETFultra sht muncpl	$0	–	-9,000	–	-0.20%	–
AMBA	Exit	AMBARELLA INC SHS	$0	–	-7,232	–	-0.20%	–
GMRE	Exit	GLOBAL MED REIT INC COM NEW	$0	–	-41,001	–	-0.21%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC COM	$0	–	-22,205	–	-0.21%	–
BUD	Exit	ANHEUSER BUSCH INBEV ADRsponsored adr	$0	–	-5,059	–	-0.21%	–
TRHC	Exit	TABULA RASA HEALTHCARE INC COM	$0	–	-9,052	–	-0.22%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-7,403	–	-0.22%	–
ENS	Exit	ENERSYS COM	$0	–	-7,559	–	-0.22%	–
HD	Exit	HOME DEPOT	$0	–	-2,192	–	-0.23%	–
FTSM	Exit	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$0	–	-8,825	–	-0.24%	–
GPC	Exit	GENUINE PARTS CO COM	$0	–	-5,389	–	-0.24%	–
PI	Exit	IMPINJ INC COM	$0	–	-17,532	–	-0.24%	–
CTVA	Exit	CORTEVA INC COM	$0	–	-19,355	–	-0.24%	–
MHK	Exit	MOHAWK INDS INC COM	$0	–	-4,408	–	-0.24%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW COM	$0	–	-10,817	–	-0.24%	–
MITK	Exit	MITEK SYS INC COM NEW	$0	–	-58,483	–	-0.25%	–
KHC	Exit	KRAFT HEINZ CO COM	$0	–	-20,435	–	-0.25%	–
QUOT	Exit	QUOTIENT TECHNOLOGY INC COM	$0	–	-73,730	–	-0.26%	–
AUB	Exit	ATLANTIC UN BANKSHARES CORP COM	$0	–	-15,800	–	-0.26%	–
FORM	Exit	FORMFACTOR INC COM	$0	–	-31,612	–	-0.26%	–
PEP	Exit	PEPSICO INC COM	$0	–	-4,434	–	-0.27%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-30,663	–	-0.28%	–
PRMW	Exit	PRIMO WTR CORP COM	$0	–	-52,040	–	-0.28%	–
DY	Exit	DYCOM INDS INC COM	$0	–	-12,471	–	-0.28%	–
ALGN	Exit	ALIGN TECHNOLOGY INC COM	$0	–	-3,578	–	-0.29%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,484	–	-0.29%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-5,435	–	-0.30%	–
PFE	Exit	PFIZER INC COM	$0	–	-19,028	–	-0.30%	–
MRK	Exit	MERCK & CO INC	$0	–	-8,156	–	-0.30%	–
KO	Exit	COCA COLA CO COM	$0	–	-12,782	–	-0.31%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-5,820	–	-0.31%	–
T	Exit	AT&T INC COM	$0	–	-18,504	–	-0.31%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-5,546	–	-0.32%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-4,980	–	-0.32%	–
SMTC	Exit	SEMTECH CORP COM	$0	–	-14,963	–	-0.32%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP COM	$0	–	-5,867	–	-0.33%	–
CRM	Exit	SALESFORCE COM INC COM	$0	–	-5,122	–	-0.34%	–
ALRM	Exit	ALARM COM HLDGS INC COM	$0	–	-16,416	–	-0.34%	–
DLR	Exit	DIGITAL RLTY TR INC COM	$0	–	-5,903	–	-0.34%	–
PAYX	Exit	PAYCHEX INC	$0	–	-9,813	–	-0.36%	–
HRTX	Exit	HERON THERAPEUTICS INC COM	$0	–	-45,635	–	-0.37%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP COM	$0	–	-8,484	–	-0.37%	–
KRNT	Exit	KORNIT DIGITAL LTD SHS	$0	–	-28,198	–	-0.38%	–
FOXF	Exit	FOX FACTORY HLDG CORP COM	$0	–	-13,973	–	-0.39%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW COM	$0	–	-6,504	–	-0.40%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-13,263	–	-0.40%	–
HBI	Exit	HANESBRANDS INC	$0	–	-59,953	–	-0.41%	–
SIC	Exit	SELECT INTERIOR CONCEPTS INC CL Acl a	$0	–	-72,547	–	-0.42%	–
AIMC	Exit	ALTRA INDL MOTION CORP COM	$0	–	-34,684	–	-0.43%	–
USB	Exit	US BANCORP DEL COM NEW	$0	–	-17,570	–	-0.43%	–
MCO	Exit	MOODYS CORP COM	$0	–	-4,757	–	-0.43%	–
AVD	Exit	AMERICAN VANGUARD CORP	$0	–	-63,044	–	-0.44%	–
JYNT	Exit	JOINT CORP COM	$0	–	-53,814	–	-0.44%	–
ALK	Exit	ALASKA AIR GROUP INC COM	$0	–	-15,402	–	-0.44%	–
SLP	Exit	SIMULATIONS PLUS INC COM	$0	–	-29,200	–	-0.45%	–
WBT	Exit	WELBILT INC COM	$0	–	-60,404	–	-0.45%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-8,683	–	-0.45%	–
DOW	Exit	DOW INC COM	$0	–	-22,049	–	-0.47%	–
MCK	Exit	MCKESSON CORP COM	$0	–	-7,724	–	-0.47%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC COM	$0	–	-19,272	–	-0.47%	–
FDX	Exit	FEDEX CORP COM	$0	–	-7,352	–	-0.48%	–
BKNG	Exit	BOOKING HOLDINGS	$0	–	-549	–	-0.48%	–
INGN	Exit	INOGEN INC COM	$0	–	-23,304	–	-0.50%	–
OSPN	Exit	ONESPAN INC COM	$0	–	-77,736	–	-0.50%	–
WFC	Exit	WELLS FARGO CO NEW COM	$0	–	-22,500	–	-0.50%	–
OMCL	Exit	OMNICELL INC COM	$0	–	-16,039	–	-0.51%	–
SLAB	Exit	SILICON LABORATORIESINC OC COM	$0	–	-10,434	–	-0.52%	–
AIT	Exit	APPLIED INDL TECHNOLOGIES INC COM	$0	–	-20,724	–	-0.52%	–
TECD	Exit	TECH DATA CORP COM	$0	–	-11,526	–	-0.53%	–
POLY	Exit	PLANTRONICS INC NEW COM	$0	–	-32,250	–	-0.53%	–
JPST	Exit	JPMORGAN ULTRA-SHORT INCOME ETFultra shrt inc	$0	–	-24,090	–	-0.54%	–
CSGP	Exit	COSTAR GRP INC	$0	–	-2,117	–	-0.56%	–
MMM	Exit	3M CO COM	$0	–	-7,652	–	-0.56%	–
MSTR	Exit	MICROSTRATEGY INC CL A NEWcl a new	$0	–	-8,482	–	-0.56%	–
TYL	Exit	TYLER TECHNOLOGIES INC COM	$0	–	-4,854	–	-0.56%	–
ISRG	Exit	INTUITIVE SURGICAL, INC.	$0	–	-2,429	–	-0.58%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$0	–	-23,220	–	-0.62%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLASS A	$0	–	-7,423	–	-0.63%	–
BL	Exit	BLACKLINE INC COM	$0	–	-29,934	–	-0.64%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATION COM	$0	–	-34,658	–	-0.64%	–
ECOL	Exit	US ECOLOGY INC COM	$0	–	-22,944	–	-0.65%	–
ECL	Exit	ECOLAB INC COM	$0	–	-7,679	–	-0.68%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-9,979	–	-0.70%	–
CVX	Exit	CHEVRON CORP NEW COM	$0	–	-13,433	–	-0.71%	–
DRH	Exit	DIAMONDROCK HOSPITALITY	$0	–	-157,948	–	-0.72%	–
HCA	Exit	HCA HEALTHCARE INC COM	$0	–	-13,977	–	-0.75%	–
DD	Exit	DUPONT DE NEMOURS INC COM	$0	–	-23,909	–	-0.76%	–
CMCSA	Exit	COMCAST CORP NEW CL Acl a	$0	–	-38,376	–	-0.77%	–
HMSY	Exit	HMS HLDGS CORP COM	$0	–	-51,474	–	-0.79%	–
PRLB	Exit	PROTO LABS INC COM	$0	–	-17,525	–	-0.79%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-34,116	–	-0.80%	–
FB	Exit	FACEBOOK INC CL Acl a	$0	–	-10,276	–	-0.81%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC COM	$0	–	-24,973	–	-0.82%	–
AMAT	Exit	APPLIED MATLS INC COM	$0	–	-37,953	–	-0.84%	–
ADSK	Exit	AUTODESK INC COM	$0	–	-13,067	–	-0.86%	–
MDT	Exit	MEDTRONIC PLC SHS	$0	–	-17,757	–	-0.86%	–
DHR	Exit	DANAHER CORP	$0	–	-14,378	–	-0.92%	–
GOOG	Exit	ALPHABET INC CAP STK CL Ccap stk cl c	$0	–	-1,788	–	-0.97%	–
SYK	Exit	STRYKER CORP	$0	–	-10,640	–	-1.02%	–
NXPI	Exit	NXP SEMICONDUCTORS NV COM	$0	–	-21,098	–	-1.02%	–
FAST	Exit	FASTENAL CO	$0	–	-71,419	–	-1.04%	–
CERN	Exit	CERNER CORP COM	$0	–	-34,971	–	-1.06%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-29,457	–	-1.06%	–
CSCO	Exit	CISCO SYS INC	$0	–	-48,794	–	-1.07%	–
INTC	Exit	INTEL CORP COM	$0	–	-49,546	–	-1.13%	–
ST	Exit	SENSATA TECHNOLOGIES HLDNG PLC SHS	$0	–	-51,165	–	-1.14%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-29,828	–	-1.20%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,565	–	-1.20%	–
AAPL	Exit	APPLE INC	$0	–	-12,907	–	-1.28%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$0	–	-14,206	–	-1.31%	–
GOOGL	Exit	ALPHABET INC CAP STK CL Acap stk cl a	$0	–	-2,520	–	-1.36%	–
FISV	Exit	FISERV INC	$0	–	-29,902	–	-1.37%	–
WSO	Exit	WATSCO INC	$0	–	-19,443	–	-1.46%	–
INTU	Exit	INTUIT COM	$0	–	-12,537	–	-1.48%	–
KSU	Exit	KANSAS CITY SOUTHERN COM NEW	$0	–	-25,740	–	-1.52%	–
TXN	Exit	TEXAS INSTRS INC COM	$0	–	-27,186	–	-1.56%	–
PRAA	Exit	PRA GROUP	$0	–	-106,811	–	-1.60%	–
LSXMA	Exit	LIBERTY MEDIA CORP SIRIUSXM	$0	–	-94,820	–	-1.75%	–
CPRT	Exit	COPART INC	$0	–	-52,306	–	-1.86%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP INC	$0	–	-182,424	–	-1.97%	–
V	Exit	VISA INC	$0	–	-30,093	–	-2.30%	–
DLTR	Exit	DOLLAR TREE INC COM	$0	–	-45,365	–	-2.30%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-44,700	–	-2.33%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT CORPcl a	$0	–	-371,925	–	-2.38%	–
MKL	Exit	MARKEL CORP HOLDING CO	$0	–	-5,305	–	-2.78%	–
KNX	Exit	KNIGHT TRANSPORTATION INCcl a	$0	–	-194,820	–	-3.14%	–
KMX	Exit	CARMAX INC	$0	–	-83,327	–	-3.25%	–
BECN	Exit	BEACON ROOFING SUPPLY	$0	–	-302,315	–	-4.50%	–

Q3 2019

			Value		Shares		↓ Weighting
BECN	Buy	BEACON ROOFING SUPPLY	$10,137,000	+13.4%	302,315	+24.2%	4.50%	+17.0%
KMX	Sell	CARMAX INC	$7,333,000	-2.4%	83,327	-3.7%	3.25%	+0.7%
KNX	Sell	KNIGHT TRANSPORTATION INCcl a	$7,072,000	+8.4%	194,820	-1.9%	3.14%	+11.9%
MKL	Sell	MARKEL CORP HOLDING CO	$6,270,000	+5.7%	5,305	-2.6%	2.78%	+9.1%
MNR	Buy	MONMOUTH REAL ESTATE INVT CORPcl a	$5,359,000	+10.7%	371,925	+4.1%	2.38%	+14.3%
JPM	Sell	JPMORGAN CHASE & CO COM	$5,261,000	+3.4%	44,700	-1.7%	2.33%	+6.7%
DLTR	Sell	DOLLAR TREE INC COM	$5,179,000	+2.3%	45,365	-3.8%	2.30%	+5.6%
V	Sell	VISA INC	$5,176,000	-4.0%	30,093	-3.2%	2.30%	-1.0%
HCSG	Buy	HEALTHCARE SERVICES GROUP INC	$4,431,000	+54.9%	182,424	+93.4%	1.97%	+59.8%
CPRT	Sell	COPART INC	$4,202,000	+4.2%	52,306	-3.0%	1.86%	+7.6%
LSXMA	Sell	LIBERTY MEDIA CORP SIRIUSXM	$3,942,000	+7.9%	94,820	-1.8%	1.75%	+11.3%
PRAA	Sell	PRA GROUP	$3,609,000	+19.6%	106,811	-0.4%	1.60%	+23.4%
TXN	Sell	TEXAS INSTRS INC COM	$3,514,000	+12.5%	27,186	-0.1%	1.56%	+16.1%
KSU	Sell	KANSAS CITY SOUTHERN COM NEW	$3,424,000	+5.6%	25,740	-3.3%	1.52%	+9.0%
INTU	Sell	INTUIT COM	$3,334,000	-2.5%	12,537	-4.2%	1.48%	+0.6%
WSO	Buy	WATSCO INC	$3,289,000	+5.9%	19,443	+2.4%	1.46%	+9.3%
FISV	Sell	FISERV INC	$3,098,000	+5.2%	29,902	-7.4%	1.37%	+8.5%
GOOGL	Sell	ALPHABET INC CAP STK CL Acap stk cl a	$3,077,000	+11.7%	2,520	-0.9%	1.36%	+15.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$2,955,000	-6.2%	14,206	-3.9%	1.31%	-3.2%
AAPL	Buy	APPLE INC	$2,891,000	+13.8%	12,907	+0.5%	1.28%	+17.4%
AMZN	Buy	AMAZON.COM INC	$2,717,000	-7.7%	1,565	+0.7%	1.20%	-4.7%
TSCO	Sell	TRACTOR SUPPLY CO	$2,698,000	-19.9%	29,828	-3.7%	1.20%	-17.4%
ST	Sell	SENSATA TECHNOLOGIES HLDNG PLC SHS	$2,561,000	-2.8%	51,165	-4.8%	1.14%	+0.3%
INTC	Sell	INTEL CORP COM	$2,553,000	+4.0%	49,546	-3.4%	1.13%	+7.4%
CSCO	Buy	CISCO SYS INC	$2,411,000	-6.7%	48,794	+3.4%	1.07%	-3.7%
D	Sell	DOMINION RESOURCES INC	$2,387,000	+4.6%	29,457	-0.1%	1.06%	+8.0%
CERN	Sell	CERNER CORP COM	$2,384,000	-10.1%	34,971	-3.3%	1.06%	-7.2%
FAST	Buy	FASTENAL CO	$2,333,000	+5.4%	71,419	+5.1%	1.04%	+8.7%
NXPI	Sell	NXP SEMICONDUCTORS NV COM	$2,302,000	+10.3%	21,098	-1.3%	1.02%	+13.8%
SYK	Sell	STRYKER CORP	$2,301,000	-5.1%	10,640	-9.8%	1.02%	-2.1%
GOOG	Sell	ALPHABET INC CAP STK CL Ccap stk cl c	$2,180,000	+6.9%	1,788	-5.2%	0.97%	+10.3%
DHR	Buy	DANAHER CORP	$2,077,000	+4.6%	14,378	+3.5%	0.92%	+7.8%
ADSK	Sell	AUTODESK INC COM	$1,930,000	-11.5%	13,067	-2.4%	0.86%	-8.7%
MDT	Sell	MEDTRONIC PLC SHS	$1,929,000	+0.1%	17,757	-10.3%	0.86%	+3.3%
AMAT	Sell	APPLIED MATLS INC COM	$1,894,000	+6.9%	37,953	-3.8%	0.84%	+10.2%
SITE	Buy	SITEONE LANDSCAPE SUPPLY INC COM	$1,849,000	+7.3%	24,973	+0.4%	0.82%	+10.7%
FB	Sell	FACEBOOK INC CL Acl a	$1,830,000	-12.6%	10,276	-5.3%	0.81%	-9.8%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$1,811,000	+9.2%	34,116	-1.8%	0.80%	+12.6%
PRLB	Sell	PROTO LABS INC COM	$1,789,000	-13.4%	17,525	-1.5%	0.79%	-10.6%
HMSY	Buy	HMS HLDGS CORP COM	$1,774,000	+7.1%	51,474	+0.7%	0.79%	+10.5%
CMCSA	Sell	COMCAST CORP NEW CL Acl a	$1,730,000	-19.5%	38,376	-24.5%	0.77%	-16.9%
DD	Buy	DUPONT DE NEMOURS INC COM	$1,705,000	+7.4%	23,909	+13.1%	0.76%	+10.9%
HCA	Sell	HCA HEALTHCARE INC COM	$1,683,000	-15.1%	13,977	-4.7%	0.75%	-12.4%
DRH	Buy	DIAMONDROCK HOSPITALITY	$1,619,000	+13.5%	157,948	+14.5%	0.72%	+16.9%
CVX	Sell	CHEVRON CORP NEW COM	$1,593,000	-33.4%	13,433	-30.1%	0.71%	-31.2%
VRSK	Sell	VERISK ANALYTICS INC	$1,578,000	+5.1%	9,979	-2.7%	0.70%	+8.4%
ECL	Sell	ECOLAB INC COM	$1,521,000	-33.4%	7,679	-33.6%	0.68%	-31.3%
ECOL	Buy	US ECOLOGY INC COM	$1,467,000	+8.3%	22,944	+0.8%	0.65%	+11.7%
SCHW	New	THE CHARLES SCHWAB CORPORATION COM	$1,450,000	–	34,658	–	0.64%	–
BL	Buy	BLACKLINE INC COM	$1,431,000	-10.3%	29,934	+0.4%	0.64%	-7.4%
ACN	Sell	ACCENTURE PLC IRELAND SHS CLASS A	$1,428,000	-2.1%	7,423	-5.9%	0.63%	+1.1%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$1,399,000	-10.6%	23,220	-6.0%	0.62%	-7.7%
ISRG	Sell	INTUITIVE SURGICAL, INC.	$1,311,000	+0.8%	2,429	-2.1%	0.58%	+4.1%
TYL	Sell	TYLER TECHNOLOGIES INC COM	$1,274,000	+20.8%	4,854	-0.6%	0.56%	+24.4%
MMM	Sell	3M CO COM	$1,258,000	-9.8%	7,652	-4.9%	0.56%	-7.0%
MSTR	Buy	MICROSTRATEGY INC CL A NEWcl a new	$1,258,000	+4.0%	8,482	+0.4%	0.56%	+7.3%
CSGP	Sell	COSTAR GRP INC	$1,256,000	+6.6%	2,117	-0.5%	0.56%	+10.1%
JPST	Sell	JPMORGAN ULTRA-SHORT INCOME ETFultra shrt inc	$1,215,000	-6.2%	24,090	-6.2%	0.54%	-3.2%
POLY	Buy	PLANTRONICS INC NEW COM	$1,204,000	+1.3%	32,250	+0.4%	0.53%	+4.5%
TECD	Sell	TECH DATA CORP COM	$1,201,000	-7.5%	11,526	-7.2%	0.53%	-4.7%
AIT	Buy	APPLIED INDL TECHNOLOGIES INC COM	$1,177,000	-7.3%	20,724	+0.4%	0.52%	-4.4%
SLAB	Buy	SILICON LABORATORIESINC OC COM	$1,162,000	+10.2%	10,434	+2.3%	0.52%	+13.9%
OMCL	Buy	OMNICELL INC COM	$1,159,000	-15.6%	16,039	+0.4%	0.51%	-13.0%
WFC	Sell	WELLS FARGO CO NEW COM	$1,135,000	+4.3%	22,500	-2.2%	0.50%	+7.7%
OSPN	Buy	ONESPAN INC COM	$1,127,000	+3.1%	77,736	+0.8%	0.50%	+6.4%
INGN	Buy	INOGEN INC COM	$1,116,000	-28.0%	23,304	+0.3%	0.50%	-25.8%
BKNG	Sell	BOOKING HOLDINGS	$1,077,000	-0.1%	549	-4.5%	0.48%	+3.2%
FDX	Sell	FEDEX CORP COM	$1,070,000	-14.9%	7,352	-4.0%	0.48%	-12.0%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC COM	$1,066,000	-6.0%	19,272	-7.1%	0.47%	-3.1%
MCK	Sell	MCKESSON CORP COM	$1,056,000	-4.5%	7,724	-6.2%	0.47%	-1.5%
DOW	Buy	DOW INC COM	$1,051,000	-0.5%	22,049	+3.0%	0.47%	+2.6%
LEA	Sell	LEAR CORP COM NEW	$1,024,000	-16.7%	8,683	-1.7%	0.45%	-14.2%
WBT	Buy	WELBILT INC COM	$1,018,000	+2.0%	60,404	+1.0%	0.45%	+5.4%
SLP	Buy	SIMULATIONS PLUS INC COM	$1,013,000	+22.0%	29,200	+0.4%	0.45%	+25.8%
ALK	Sell	ALASKA AIR GROUP INC COM	$1,000,000	-4.9%	15,402	-6.5%	0.44%	-1.8%
JYNT	Buy	JOINT CORP COM	$1,001,000	+2.7%	53,814	+0.4%	0.44%	+6.0%
AVD	Buy	AMERICAN VANGUARD CORP	$990,000	+2.4%	63,044	+0.4%	0.44%	+5.5%
MCO	Sell	MOODYS CORP COM	$974,000	+1.1%	4,757	-3.5%	0.43%	+4.3%
USB	Sell	US BANCORP DEL COM NEW	$972,000	+3.4%	17,570	-2.1%	0.43%	+6.7%
AIMC	Buy	ALTRA INDL MOTION CORP COM	$961,000	-22.4%	34,684	+0.4%	0.43%	-20.1%
SIC	Buy	SELECT INTERIOR CONCEPTS INC CL Acl a	$941,000	+12.4%	72,547	+1.0%	0.42%	+15.8%
HBI	Sell	HANESBRANDS INC	$918,000	-17.7%	59,953	-7.5%	0.41%	-15.2%
FTV	Sell	FORTIVE CORP COM	$909,000	-18.5%	13,263	-3.2%	0.40%	-16.0%
CCI	Buy	CROWN CASTLE INTL CORP NEW COM	$904,000	+17.7%	6,504	+10.4%	0.40%	+21.5%
FOXF	Sell	FOX FACTORY HLDG CORP COM	$870,000	-43.9%	13,973	-25.7%	0.39%	-42.1%
KRNT	Buy	KORNIT DIGITAL LTD SHS	$868,000	-2.0%	28,198	+0.8%	0.38%	+1.0%
HRTX	Buy	HERON THERAPEUTICS INC COM	$844,000	-0.4%	45,635	+0.1%	0.37%	+2.7%
JBT	Buy	JOHN BEAN TECHNOLOGIES CORP COM	$844,000	-17.3%	8,484	+0.7%	0.37%	-14.8%
PAYX	Buy	PAYCHEX INC	$812,000	+9.6%	9,813	+8.9%	0.36%	+12.9%
DLR	Buy	DIGITAL RLTY TR INC COM	$766,000	+30.7%	5,903	+18.7%	0.34%	+34.9%
ALRM	Buy	ALARM COM HLDGS INC COM	$766,000	-11.5%	16,416	+1.4%	0.34%	-8.6%
CRM	Sell	SALESFORCE COM INC COM	$760,000	-2.7%	5,122	-0.5%	0.34%	+0.3%
ADS	Sell	ALLIANCE DATA SYSTEMS CORP COM	$752,000	-15.3%	5,867	-7.5%	0.33%	-12.6%
SMTC	Buy	SEMTECH CORP COM	$727,000	+1.5%	14,963	+0.4%	0.32%	+4.9%
IBM	Buy	INTL BUSINESS MACHINES	$724,000	+18.1%	4,980	+12.1%	0.32%	+21.6%
JNJ	Buy	JOHNSON & JOHNSON COM	$718,000	+18.5%	5,546	+27.4%	0.32%	+22.2%
T	Buy	AT&T INC COM	$700,000	+23.9%	18,504	+9.7%	0.31%	+28.0%
KO	Buy	COCA COLA CO COM	$696,000	+17.4%	12,782	+9.7%	0.31%	+21.2%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$697,000	+22.7%	5,820	+5.8%	0.31%	+26.6%
MRK	Buy	MERCK & CO INC	$687,000	+23.8%	8,156	+23.2%	0.30%	+27.6%
PFE	Buy	PFIZER INC COM	$684,000	+14.6%	19,028	+38.0%	0.30%	+17.9%
PG	Sell	PROCTER & GAMBLE CO COM	$676,000	+6.3%	5,435	-6.2%	0.30%	+9.9%
BLK	Buy	BLACKROCK INC	$661,000	+5.6%	1,484	+11.3%	0.29%	+8.9%
ALGN	Buy	ALIGN TECHNOLOGY INC COM	$647,000	-32.3%	3,578	+2.6%	0.29%	-30.2%
DY	Buy	DYCOM INDS INC COM	$637,000	-12.9%	12,471	+0.4%	0.28%	-9.9%
PRMW	Buy	PRIMO WTR CORP COM	$639,000	+0.3%	52,040	+0.4%	0.28%	+3.3%
KMI	Buy	KINDER MORGAN INC	$632,000	+22.7%	30,663	+24.3%	0.28%	+26.7%
PEP	Buy	PEPSICO INC COM	$608,000	+25.4%	4,434	+19.9%	0.27%	+29.2%
FORM	Buy	FORMFACTOR INC COM	$589,000	+19.5%	31,612	+0.4%	0.26%	+23.1%
AUB	Buy	ATLANTIC UN BANKSHARES CORP COM	$588,000	+5.8%	15,800	+0.4%	0.26%	+9.2%
QUOT	Buy	QUOTIENT TECHNOLOGY INC COM	$577,000	-26.8%	73,730	+0.4%	0.26%	-24.5%
KHC	Sell	KRAFT HEINZ CO COM	$571,000	-46.6%	20,435	-40.7%	0.25%	-45.0%
MITK	Buy	MITEK SYS INC COM NEW	$564,000	-2.6%	58,483	+0.4%	0.25%	+0.4%
SIX	Buy	SIX FLAGS ENTMT CORP NEW COM	$549,000	+45.2%	10,817	+42.1%	0.24%	+49.7%
MHK	Sell	MOHAWK INDS INC COM	$547,000	-47.5%	4,408	-37.6%	0.24%	-45.8%
CTVA	New	CORTEVA INC COM	$542,000	–	19,355	–	0.24%	–
PI	Buy	IMPINJ INC COM	$541,000	+8.6%	17,532	+0.8%	0.24%	+12.1%
GPC	Buy	GENUINE PARTS CO COM	$537,000	+7.8%	5,389	+12.1%	0.24%	+11.2%
FTSM	Buy	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$530,000	+39.5%	8,825	+39.5%	0.24%	+44.2%
HD	Buy	HOME DEPOT	$509,000	+25.1%	2,192	+12.1%	0.23%	+29.1%
ENS	Buy	ENERSYS COM	$498,000	-3.5%	7,559	+0.4%	0.22%	-0.5%
TRHC	Buy	TABULA RASA HEALTHCARE INC COM	$497,000	+10.7%	9,052	+0.6%	0.22%	+14.0%
EMR	Buy	EMERSON ELEC CO COM	$495,000	+13.3%	7,403	+13.1%	0.22%	+17.0%
BUD	Buy	ANHEUSER BUSCH INBEV ADRsponsored adr	$481,000	+13.7%	5,059	+5.9%	0.21%	+17.0%
IRDM	Buy	IRIDIUM COMMUNICATIONS INC COM	$473,000	-8.0%	22,205	+0.4%	0.21%	-5.0%
GMRE	Buy	GLOBAL MED REIT INC COM NEW	$467,000	+8.9%	41,001	+0.4%	0.21%	+12.5%
AMBA	Sell	AMBARELLA INC SHS	$454,000	-25.1%	7,232	-47.4%	0.20%	-23.0%
JMST	Buy	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETFultra sht muncpl	$454,000	+17.0%	9,000	+16.9%	0.20%	+20.4%
IVV	Sell	ISHARES S&P 500 INDEXcore s&p500 etf	$434,000	-0.9%	1,455	-2.0%	0.19%	+2.7%
TRUP	Buy	TRUPANION INC COM	$429,000	-29.4%	16,891	+0.4%	0.19%	-27.2%
ABM	Buy	ABM INDS INC COM	$427,000	-9.0%	11,765	+0.4%	0.19%	-6.4%
VTNR	Buy	VERTEX ENERGY INC COM	$415,000	-24.3%	364,197	+0.4%	0.18%	-22.0%
SYY	Sell	SYSCO CORP COM	$404,000	+11.0%	5,088	-1.1%	0.18%	+14.0%
NPTN	Buy	NEOPHOTONICS CORP COM	$369,000	+46.4%	60,518	+0.4%	0.16%	+51.9%
LEGH	New	LEGACY HOUSING CORP COM	$368,000	–	22,724	–	0.16%	–
TVTY	Buy	TIVITY HEALTH INC COM	$363,000	+2.0%	21,845	+0.8%	0.16%	+5.2%
VT	Buy	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$359,000	+65.4%	4,793	+65.8%	0.16%	+71.0%
BIG	Buy	BIG LOTS INC COM	$339,000	-13.7%	13,845	+0.9%	0.15%	-11.2%
LAKE	New	LAKELAND INDS INC COM	$309,000	–	25,390	–	0.14%	–
VEA	Buy	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$293,000	+5.0%	7,138	+6.7%	0.13%	+8.3%
O	Buy	REALTY INCOME CORP	$276,000	+22.7%	3,595	+10.2%	0.12%	+25.8%
RVT	Sell	ROYCE VALUE TR INC	$251,000	-11.9%	18,270	-10.7%	0.11%	-9.8%
XOM	Buy	EXXON MOBIL CORP COM	$234,000	+0.4%	3,311	+8.9%	0.10%	+4.0%
VRAY	Buy	VIEWRAY INC COM	$233,000	-66.7%	80,283	+1.0%	0.10%	-65.8%
MSFT	Sell	MICROSOFT	$209,000	-3.7%	1,504	-7.0%	0.09%	0.0%
DLTH	Buy	DULUTH HLDGS INC COM CL B	$207,000	-37.3%	24,363	+0.4%	0.09%	-35.2%
CEMI	New	CHEMBIO DIAGNOSTICS INC COM NEW	$154,000	–	25,224	–	0.07%	–
SLCA	Buy	U S SILICA HLDGS INCCOM	$101,000	-24.1%	10,532	+1.0%	0.04%	-21.1%
XON	Buy	INTREXON CORP COM	$61,000	-23.8%	10,707	+1.9%	0.03%	-20.6%
REI	Exit	RING ENERGY INC COM	$0	–	-38,136	–	-0.05%	–
DMRC	Exit	DIGIMARC CORP NEW COM	$0	–	-4,743	–	-0.09%	–
ASTE	Exit	ASTEC INDS INC COM	$0	–	-7,247	–	-0.10%	–
IWB	Exit	ISHARES TR RUSSELL 1000 INDEX ETFrus 1000 etf	$0	–	-1,764	–	-0.12%	–
WTRH	Exit	WAITR HLDGS INC COM	$0	–	-52,849	–	-0.14%	–
SSTK	Exit	SHUTTERSTOCK INC COM	$0	–	-13,047	–	-0.22%	–
FNSR	Exit	FINISAR CORP COM NEW	$0	–	-22,401	–	-0.22%	–
EVH	Exit	EVOLENT HEALTH INC CL Acl a	$0	–	-70,671	–	-0.24%	–
NFLX	Exit	NETFLIX COM INC	$0	–	-1,925	–	-0.30%	–
PDCO	Exit	PATTERSON COMPANIES INC COM	$0	–	-32,104	–	-0.32%	–
SBH	Exit	SALLY BEAUTY HLDGS INC COM	$0	–	-72,165	–	-0.41%	–
ACIA	Exit	ACACIA COMMUNICATIONS INC COM	$0	–	-22,563	–	-0.46%	–
ATRI	Exit	ATRION CORP COM	$0	–	-1,589	–	-0.58%	–
TOL	Exit	TOLL BROS INC	$0	–	-40,514	–	-0.64%	–
TECH	Exit	BIO TECHNE CORP COM	$0	–	-7,274	–	-0.65%	–

Q2 2019

			Value		Shares		↓ Weighting
BECN	New	BEACON ROOFING SUPPLY	$8,940,000	–	243,477	–	3.84%	–
KMX	New	CARMAX INC	$7,514,000	–	86,533	–	3.23%	–
KNX	New	KNIGHT TRANSPORTATION INCcl a	$6,525,000	–	198,692	–	2.80%	–
MKL	New	MARKEL CORP HOLDING CO	$5,932,000	–	5,444	–	2.55%	–
V	New	VISA INC	$5,394,000	–	31,080	–	2.32%	–
JPM	New	JPMORGAN CHASE & CO COM	$5,086,000	–	45,495	–	2.19%	–
DLTR	New	DOLLAR TREE INC COM	$5,063,000	–	47,143	–	2.18%	–
MNR	New	MONMOUTH REAL ESTATEINVT CORP CL Acl a	$4,839,000	–	357,145	–	2.08%	–
CPRT	New	COPART INC	$4,031,000	–	53,933	–	1.73%	–
LSXMA	New	LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM	$3,653,000	–	96,607	–	1.57%	–
INTU	New	INTUIT COM	$3,419,000	–	13,084	–	1.47%	–
TSCO	New	TRACTOR SUPPLY CO	$3,369,000	–	30,968	–	1.45%	–
KSU	New	KANSAS CITY SOUTHERN COM NEW	$3,243,000	–	26,620	–	1.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$3,150,000	–	14,778	–	1.35%	–
TXN	New	TEXAS INSTRS INC COM	$3,124,000	–	27,225	–	1.34%	–
WSO	New	WATSCO INC	$3,105,000	–	18,990	–	1.34%	–
PRAA	New	PRA GROUP	$3,017,000	–	107,225	–	1.30%	–
FISV	New	FISERV INC	$2,944,000	–	32,296	–	1.27%	–
AMZN	New	AMAZON.COM INC	$2,943,000	–	1,554	–	1.26%	–
HCSG	New	HEALTHCARE SERVICES GROUP INC	$2,860,000	–	94,325	–	1.23%	–
GOOGL	New	ALPHABET INC CAP STK CL Acap stk cl a	$2,754,000	–	2,543	–	1.18%	–
CERN	New	CERNER CORP COM	$2,651,000	–	36,169	–	1.14%	–
ST	New	SENSATA TECHNOLOGIES HLDNG PLC SHS	$2,634,000	–	53,751	–	1.13%	–
CSCO	New	CISCO SYS INC	$2,583,000	–	47,192	–	1.11%	–
AAPL	New	APPLE INC	$2,541,000	–	12,838	–	1.09%	–
INTC	New	INTEL CORP COM	$2,454,000	–	51,264	–	1.06%	–
SYK	New	STRYKER CORP	$2,425,000	–	11,795	–	1.04%	–
CVX	New	CHEVRON CORP NEW COM	$2,392,000	–	19,226	–	1.03%	–
ECL	New	ECOLAB INC COM	$2,284,000	–	11,567	–	0.98%	–
D	New	DOMINION RESOURCES INC	$2,281,000	–	29,498	–	0.98%	–
FAST	New	FASTENAL CO	$2,214,000	–	67,926	–	0.95%	–
ADSK	New	AUTODESK INC COM	$2,181,000	–	13,391	–	0.94%	–
CMCSA	New	COMCAST CORP NEW CL Acl a	$2,149,000	–	50,838	–	0.92%	–
FB	New	FACEBOOK INC CL Acl a	$2,094,000	–	10,850	–	0.90%	–
NXPI	New	NXP SEMICONDUCTORS NV COM	$2,087,000	–	21,384	–	0.90%	–
PRLB	New	PROTO LABS INC COM	$2,065,000	–	17,795	–	0.89%	–
GOOG	New	ALPHABET INC CAP STK CL Ccap stk cl c	$2,040,000	–	1,887	–	0.88%	–
DHR	New	DANAHER CORP	$1,986,000	–	13,894	–	0.85%	–
HCA	New	HCA HEALTHCARE INC COM	$1,983,000	–	14,672	–	0.85%	–
MDT	New	MEDTRONIC PLC SHS	$1,928,000	–	19,796	–	0.83%	–
AMAT	New	APPLIED MATLS INC COM	$1,772,000	–	39,452	–	0.76%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC COM	$1,723,000	–	24,867	–	0.74%	–
BAM	New	BROOKFIELD ASSET MGMT INC COM VOTINGcl a ltd vt sh	$1,659,000	–	34,732	–	0.71%	–
HMSY	New	HMS HLDGS CORP COM	$1,656,000	–	51,121	–	0.71%	–
BL	New	BLACKLINE INC COM	$1,595,000	–	29,807	–	0.69%	–
DD	New	DUPONT DE NEMOURS INC COM	$1,587,000	–	21,134	–	0.68%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$1,565,000	–	24,691	–	0.67%	–
FOXF	New	FOX FACTORY HLDG CORP COM	$1,551,000	–	18,803	–	0.67%	–
INGN	New	INOGEN INC COM	$1,551,000	–	23,227	–	0.67%	–
TECH	New	BIO TECHNE CORP COM	$1,517,000	–	7,274	–	0.65%	–
VRSK	New	VERISK ANALYTICS INCCL A	$1,502,000	–	10,256	–	0.65%	–
TOL	New	TOLL BROS INC	$1,484,000	–	40,514	–	0.64%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLASS A	$1,458,000	–	7,892	–	0.63%	–
DRH	New	DIAMONDROCK HOSPITALITY	$1,427,000	–	138,004	–	0.61%	–
MMM	New	3M CO COM	$1,395,000	–	8,050	–	0.60%	–
OMCL	New	OMNICELL INC COM	$1,374,000	–	15,971	–	0.59%	–
ATRI	New	ATRION CORP COM	$1,355,000	–	1,589	–	0.58%	–
ECOL	New	US ECOLOGY INC COM	$1,355,000	–	22,766	–	0.58%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$1,301,000	–	2,480	–	0.56%	–
TECD	New	TECH DATA CORP COM	$1,299,000	–	12,422	–	0.56%	–
JPST	New	JPMORGAN ULTRA-SHORT INCOME ETFultra shrt inc	$1,295,000	–	25,690	–	0.56%	–
AIT	New	APPLIED INDL TECHNOLOGIES INC COM	$1,270,000	–	20,636	–	0.55%	–
FDX	New	FEDEX CORP COM	$1,257,000	–	7,658	–	0.54%	–
AIMC	New	ALTRA INDL MOTION CORP COM	$1,239,000	–	34,537	–	0.53%	–
LEA	New	LEAR CORP COM NEW	$1,230,000	–	8,834	–	0.53%	–
MSTR	New	MICROSTRATEGY INC CL A NEWcl a new	$1,210,000	–	8,446	–	0.52%	–
POLY	New	PLANTRONICS INC NEW COM	$1,189,000	–	32,113	–	0.51%	–
CSGP	New	COSTAR GRP INC	$1,178,000	–	2,127	–	0.51%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC COM	$1,134,000	–	20,741	–	0.49%	–
HBI	New	HANESBRANDS INC	$1,116,000	–	64,786	–	0.48%	–
FTV	New	FORTIVE CORP COM	$1,116,000	–	13,695	–	0.48%	–
MCK	New	MCKESSON CORP COM	$1,106,000	–	8,232	–	0.48%	–
OSPN	New	ONESPAN INC COM	$1,093,000	–	77,131	–	0.47%	–
WFC	New	WELLS FARGO CO NEW COM	$1,088,000	–	22,998	–	0.47%	–
BKNG	New	BOOKING HOLDINGS	$1,078,000	–	575	–	0.46%	–
KHC	New	KRAFT HEINZ CO COM	$1,069,000	–	34,441	–	0.46%	–
ACIA	New	ACACIA COMMUNICATIONS INC COM	$1,064,000	–	22,563	–	0.46%	–
DOW	New	DOW INC COM	$1,056,000	–	21,411	–	0.45%	–
TYL	New	TYLER TECHNOLOGIES INC COM	$1,055,000	–	4,882	–	0.45%	–
SLAB	New	SILICON LABORATORIESINC OC COM	$1,054,000	–	10,197	–	0.45%	–
ALK	New	ALASKA AIR GROUP INC COM	$1,052,000	–	16,465	–	0.45%	–
MHK	New	MOHAWK INDS INC COM	$1,042,000	–	7,067	–	0.45%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP COM	$1,020,000	–	8,423	–	0.44%	–
WBT	New	WELBILT INC COM	$998,000	–	59,778	–	0.43%	–
JYNT	New	JOINT CORP COM	$975,000	–	53,585	–	0.42%	–
AVD	New	AMERICAN VANGUARD CORP	$967,000	–	62,776	–	0.42%	–
MCO	New	MOODYS CORP COM	$963,000	–	4,930	–	0.41%	–
SBH	New	SALLY BEAUTY HLDGS INC COM	$963,000	–	72,165	–	0.41%	–
ALGN	New	ALIGN TECHNOLOGY INC COM	$955,000	–	3,488	–	0.41%	–
USB	New	US BANCORP DEL COM NEW	$940,000	–	17,948	–	0.40%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP COM	$888,000	–	6,340	–	0.38%	–
KRNT	New	KORNIT DIGITAL LTD SHS	$886,000	–	27,979	–	0.38%	–
ALRM	New	ALARM COM HLDGS INC COM	$866,000	–	16,196	–	0.37%	–
HRTX	New	HERON THERAPEUTICS INC COM	$847,000	–	45,567	–	0.36%	–
SIC	New	SELECT INTERIOR CONCEPTS INC CL Acl a	$837,000	–	71,828	–	0.36%	–
SLP	New	SIMULATIONS PLUS INC COM	$830,000	–	29,076	–	0.36%	–
QUOT	New	QUOTIENT TECHNOLOGY INC COM	$788,000	–	73,417	–	0.34%	–
CRM	New	SALESFORCE COM INC COM	$781,000	–	5,149	–	0.34%	–
CCI	New	CROWN CASTLE INTL CORP NEW COM	$768,000	–	5,890	–	0.33%	–
PAYX	New	PAYCHEX INC	$741,000	–	9,010	–	0.32%	–
PDCO	New	PATTERSON COMPANIES INC COM	$735,000	–	32,104	–	0.32%	–
DY	New	DYCOM INDS INC COM	$731,000	–	12,418	–	0.31%	–
SMTC	New	SEMTECH CORP COM	$716,000	–	14,900	–	0.31%	–
NFLX	New	NETFLIX COM INC	$707,000	–	1,925	–	0.30%	–
VRAY	New	VIEWRAY INC COM	$700,000	–	79,483	–	0.30%	–
PRMW	New	PRIMO WTR CORP COM	$637,000	–	51,819	–	0.27%	–
PG	New	PROCTER AND GAMBLE CO COM	$636,000	–	5,797	–	0.27%	–
BLK	New	BLACKROCK INC	$626,000	–	1,333	–	0.27%	–
IBM	New	INTL BUSINESS MACHINES	$613,000	–	4,443	–	0.26%	–
TRUP	New	TRUPANION INC COM	$608,000	–	16,819	–	0.26%	–
JNJ	New	JOHNSON & JOHNSON COM	$606,000	–	4,354	–	0.26%	–
AMBA	New	AMBARELLA INC SHS	$606,000	–	13,738	–	0.26%	–
PFE	New	PFIZER INC COM	$597,000	–	13,791	–	0.26%	–
KO	New	COCA COLA CO COM	$593,000	–	11,652	–	0.26%	–
DLR	New	DIGITAL RLTY TR INC COM	$586,000	–	4,973	–	0.25%	–
MITK	New	MITEK SYS INC COM NEW	$579,000	–	58,235	–	0.25%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$568,000	–	5,499	–	0.24%	–
T	New	AT&T INC COM	$565,000	–	16,871	–	0.24%	–
EVH	New	EVOLENT HEALTH INC CL Acl a	$562,000	–	70,671	–	0.24%	–
MRK	New	MERCK & CO INC	$555,000	–	6,619	–	0.24%	–
AUB	New	ATLANTIC UN BANKSHARES CORP COM	$556,000	–	15,733	–	0.24%	–
VTNR	New	VERTEX ENERGY INC COM	$548,000	–	362,599	–	0.24%	–
ENS	New	ENERSYS COM	$516,000	–	7,527	–	0.22%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC COM	$514,000	–	22,111	–	0.22%	–
KMI	New	KINDER MORGAN INC	$515,000	–	24,672	–	0.22%	–
FNSR	New	FINISAR CORP COM NEW	$512,000	–	22,401	–	0.22%	–
SSTK	New	SHUTTERSTOCK INC COM	$511,000	–	13,047	–	0.22%	–
PI	New	IMPINJ INC COM	$498,000	–	17,396	–	0.21%	–
GPC	New	GENUINE PARTS CO COM	$498,000	–	4,808	–	0.21%	–
FORM	New	FORMFACTOR INC COM	$493,000	–	31,478	–	0.21%	–
PEP	New	PEPSICO INC COM	$485,000	–	3,698	–	0.21%	–
ABM	New	ABM INDS INC COM	$469,000	–	11,715	–	0.20%	–
TRHC	New	TABULA RASA HEALTHCARE INC COM	$449,000	–	9,002	–	0.19%	–
EMR	New	EMERSON ELEC CO COM	$437,000	–	6,545	–	0.19%	–
IVV	New	ISHARES S&P 500 INDEXcore s&p500 etf	$438,000	–	1,485	–	0.19%	–
GMRE	New	GLOBAL MED REIT INC COM NEW	$429,000	–	40,827	–	0.18%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADRsponsored adr	$423,000	–	4,777	–	0.18%	–
HD	New	HOME DEPOT	$407,000	–	1,956	–	0.18%	–
BIG	New	BIG LOTS INC COM	$393,000	–	13,727	–	0.17%	–
JMST	New	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETFultra sht muncpl	$388,000	–	7,700	–	0.17%	–
SIX	New	SIX FLAGS ENTMT CORP NEW COM	$378,000	–	7,614	–	0.16%	–
FTSM	New	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$380,000	–	6,325	–	0.16%	–
	New	PORTFOLIO RECOVERY ASSOCS INCnote 3.000% 8/0	$373,000	–	377,000	–	0.16%	–
SYY	New	SYSCO CORP COM	$364,000	–	5,144	–	0.16%	–
TVTY	New	TIVITY HEALTH INC COM	$356,000	–	21,675	–	0.15%	–
WTRH	New	WAITR HLDGS INC COM	$332,000	–	52,849	–	0.14%	–
DLTH	New	DULUTH HLDGS INC COM CL B	$330,000	–	24,260	–	0.14%	–
IWB	New	ISHARES TR RUSSELL 1000 INDEX ETFrus 1000 etf	$287,000	–	1,764	–	0.12%	–
RVT	New	ROYCE VALUE TR INC	$285,000	–	20,470	–	0.12%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$279,000	–	6,688	–	0.12%	–
NSC	New	NORFOLK SOUTHERN CRP	$276,000	–	1,386	–	0.12%	–
NPTN	New	NEOPHOTONICS CORP COM	$252,000	–	60,261	–	0.11%	–
ASTE	New	ASTEC INDS INC COM	$236,000	–	7,247	–	0.10%	–
XOM	New	EXXON MOBIL CORP COM	$233,000	–	3,041	–	0.10%	–
O	New	REALTY INCOME CORP	$225,000	–	3,261	–	0.10%	–
VT	New	VANGUARD TOTAL WORLD STOCK INDEX FUNDtt wrld st etf	$217,000	–	2,891	–	0.09%	–
MSFT	New	MICROSOFT	$217,000	–	1,617	–	0.09%	–
DMRC	New	DIGIMARC CORP NEW COM	$211,000	–	4,743	–	0.09%	–
SLCA	New	U S SILICA HLDGS INCCOM	$133,000	–	10,432	–	0.06%	–
REI	New	RING ENERGY INC COM	$124,000	–	38,136	–	0.05%	–
XON	New	INTREXON CORP COM	$80,000	–	10,507	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
XON	Exit	INTREXON CORP COM	$0	–	-10,352	–	-0.07%	–
SLCA	Exit	U S SILICA HLDGS INCCOM	$0	–	-10,470	–	-0.08%	–
ARKG	Exit	ARK GENOMIC REVOLUTION MULTI-SECTOR ETFgen rev mltsct	$0	–	-6,000	–	-0.08%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$0	–	-4,721	–	-0.08%	–
ABMD	Exit	ABIOMED INC	$0	–	-500	–	-0.09%	–
GOGO	Exit	GOGO INC COM	$0	–	-43,557	–	-0.09%	–
IWB	Exit	ISHARES TR RUSSELL 1000 INDEX ETFrus 1000 etf	$0	–	-1,513	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHERN CRP	$0	–	-1,386	–	-0.10%	–
AFHIF	Exit	ATLAS FINANCIAL HOLDINGS INC SHS NEW	$0	–	-27,498	–	-0.11%	–
LRCX	Exit	LAM RESEARCH CORP COM	$0	–	-1,900	–	-0.11%	–
FTSM	Exit	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$0	–	-4,885	–	-0.12%	–
BA	Exit	BOEING CO COM	$0	–	-791	–	-0.12%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-1,806	–	-0.12%	–
KHC	Exit	KRAFT HEINZ CO COM	$0	–	-5,534	–	-0.12%	–
WETF	Exit	WISDOMTREE INVTS INC COM	$0	–	-36,027	–	-0.12%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADRsponsored adr	$0	–	-3,595	–	-0.12%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-2,107	–	-0.12%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-20,470	–	-0.13%	–
TWNK	Exit	HOSTESS BRANDS INC CL Acl a	$0	–	-30,830	–	-0.13%	–
ASTE	Exit	ASTEC INDS INC COM	$0	–	-6,838	–	-0.14%	–
PETX	Exit	ARATANA THERAPEUTICS INC COM	$0	–	-60,690	–	-0.14%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-20,112	–	-0.14%	–
	Exit	PORTFOLIO RECOVERY ASSOCS INnote 3.000% 8/0	$0	–	-377,000	–	-0.14%	–
REI	Exit	RING ENERGY INC COM	$0	–	-37,000	–	-0.14%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC COM	$0	–	-1,500	–	-0.14%	–
ABM	Exit	ABM INDS INC COM	$0	–	-11,560	–	-0.15%	–
GMRE	Exit	GLOBAL MED REIT INC COM NEW	$0	–	-39,711	–	-0.15%	–
IVV	Exit	ISHARES S&P 500 INDEXcore s&p500 etf	$0	–	-1,338	–	-0.15%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-5,126	–	-0.15%	–
KO	Exit	COCA COLA CO COM	$0	–	-8,645	–	-0.16%	–
MRK	Exit	MERCK & CO INC	$0	–	-5,715	–	-0.16%	–
NNBR	Exit	NN INC COM	$0	–	-26,321	–	-0.16%	–
FORM	Exit	FORMFACTOR INC COM	$0	–	-30,628	–	-0.16%	–
FNSR	Exit	FINISAR CORP COM NEW	$0	–	-22,508	–	-0.17%	–
PI	Exit	IMPINJ INC COM	$0	–	-17,354	–	-0.17%	–
PG	Exit	PROCTER AND GAMBLE CO COM	$0	–	-5,360	–	-0.18%	–
JYNT	Exit	JOINT CORP COM	$0	–	-52,150	–	-0.18%	–
WMT	Exit	WALMART INC COM	$0	–	-4,751	–	-0.18%	–
LXFT	Exit	LUXOFT HLDG INC ORD SHS CL A	$0	–	-9,452	–	-0.18%	–
SYY	Exit	SYSCO CORP COM	$0	–	-6,168	–	-0.18%	–
QCOM	Exit	QUALCOMM INC COM	$0	–	-6,300	–	-0.18%	–
T	Exit	AT&T INC COM	$0	–	-13,830	–	-0.18%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-3,993	–	-0.18%	–
NPTN	Exit	NEOPHOTONICS CORP COM	$0	–	-58,345	–	-0.19%	–
DLR	Exit	DIGITAL RLTY TR INC COM	$0	–	-4,324	–	-0.19%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-8,053	–	-0.19%	–
KEYW	Exit	KEYW HLDG CORP COM	$0	–	-60,084	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-3,914	–	-0.21%	–
CSV	Exit	CARRIAGE SVCS INC COM	$0	–	-25,963	–	-0.22%	–
BIG	Exit	BIG LOTS INC COM	$0	–	-13,645	–	-0.22%	–
SLP	Exit	SIMULATIONS PLUS INC COM	$0	–	-28,561	–	-0.23%	–
PFE	Exit	PFIZER INC COM	$0	–	-13,143	–	-0.23%	–
UBSH	Exit	UNION BANKSHARES CORP NEW COM	$0	–	-15,457	–	-0.23%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW COM	$0	–	-5,390	–	-0.24%	–
KRNT	Exit	KORNIT DIGITAL LTD SHS	$0	–	-27,734	–	-0.24%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-7,148	–	-0.24%	–
VTNR	Exit	VERTEX ENERGY INC COM	$0	–	-355,274	–	-0.24%	–
ENS	Exit	ENERSYS COM	$0	–	-7,289	–	-0.25%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-2,500	–	-0.26%	–
CF	Exit	CF INDUSTRIES HOLDINGS, INC.	$0	–	-12,000	–	-0.26%	–
PAYX	Exit	PAYCHEX INC	$0	–	-8,956	–	-0.26%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-3,800	–	-0.26%	–
TXMD	Exit	THERAPEUTICSMD INC COM	$0	–	-102,389	–	-0.26%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-11,903	–	-0.27%	–
SSTK	Exit	SHUTTERSTOCK INC COM	$0	–	-12,735	–	-0.27%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-8,305	–	-0.27%	–
TVTY	Exit	TIVITY HEALTH INC COM	$0	–	-21,806	–	-0.28%	–
MCO	Exit	MOODYS CORP COM	$0	–	-4,231	–	-0.28%	–
DY	Exit	DYCOM INDS INC COM	$0	–	-8,442	–	-0.28%	–
NFLX	Exit	NETFLIX COM INC	$0	–	-1,928	–	-0.28%	–
DLTH	Exit	DULUTH HLDGS INC COM CL B	$0	–	-23,054	–	-0.28%	–
TRHC	Exit	TABULA RASA HEALTHCARE INC COM	$0	–	-8,994	–	-0.29%	–
JPST	Exit	JPMORGAN ULTRA-SHORT INCOME ETFultra shrt inc	$0	–	-14,590	–	-0.29%	–
MTSC	Exit	MTS SYS CORP COM	$0	–	-14,263	–	-0.31%	–
WBT	Exit	WELBILT INC COM	$0	–	-37,997	–	-0.31%	–
SMTC	Exit	SEMTECH CORP COM	$0	–	-14,760	–	-0.32%	–
SIC	Exit	SELECT INTERIOR CONCEPTS INC CL Acl a	$0	–	-79,400	–	-0.33%	–
EPAM	Exit	EPAM SYS INC COM	$0	–	-6,183	–	-0.33%	–
ONDK	Exit	ON DECK CAP INC COM	$0	–	-112,773	–	-0.34%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-17,190	–	-0.35%	–
PRMW	Exit	PRIMO WTR CORP COM	$0	–	-50,299	–	-0.36%	–
ALRM	Exit	ALARM COM HLDGS INC COM	$0	–	-15,829	–	-0.36%	–
SLAB	Exit	SILICON LABORATORIESINC OC COM	$0	–	-9,936	–	-0.36%	–
ACIA	Exit	ACACIA COMMUNICATIONS INC COM	$0	–	-22,358	–	-0.36%	–
STMP	Exit	STAMPS COM INC COM NEW	$0	–	-4,123	–	-0.37%	–
USB	Exit	US BANCORP DEL COM NEW	$0	–	-18,152	–	-0.38%	–
BL	Exit	BLACKLINE INC COM	$0	–	-17,524	–	-0.39%	–
USAT	Exit	USA TECHNOLOGIES INC COM NO PAR	$0	–	-146,848	–	-0.42%	–
SRCL	Exit	STERICYCLE INC COM	$0	–	-18,292	–	-0.42%	–
FB	Exit	FACEBOOK INC CL Acl a	$0	–	-6,637	–	-0.43%	–
AVD	Exit	AMERICAN VANGUARD CORP	$0	–	-61,065	–	-0.43%	–
ARRS	Exit	ARRIS INTL INC SHS	$0	–	-42,478	–	-0.43%	–
ATRI	Exit	ATRION CORP COM	$0	–	-1,593	–	-0.43%	–
QUOT	Exit	QUOTIENT TECHNOLOGY INC COM	$0	–	-72,004	–	-0.44%	–
AMBA	Exit	AMBARELLA INC SHS	$0	–	-29,175	–	-0.44%	–
OMCL	Exit	OMNICELL INC COM	$0	–	-15,749	–	-0.44%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC COM	$0	–	-4,781	–	-0.46%	–
WHR	Exit	WHIRLPOOL CORP COM	$0	–	-10,122	–	-0.47%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC COM	$0	–	-16,025	–	-0.47%	–
AMAT	Exit	APPLIED MATLS INC COM	$0	–	-31,325	–	-0.48%	–
LABL	Exit	MULTI COLOR CORP	$0	–	-20,011	–	-0.49%	–
VRSK	Exit	VERISK ANALYTICS INCCL A	$0	–	-10,636	–	-0.50%	–
ALK	Exit	ALASKA AIR GROUP INC COM	$0	–	-19,048	–	-0.52%	–
HBI	Exit	HANESBRANDS INC	$0	–	-71,933	–	-0.52%	–
TECD	Exit	TECH DATA CORP COM	$0	–	-19,155	–	-0.54%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLASS A	$0	–	-8,164	–	-0.54%	–
DRH	Exit	DIAMONDROCK HOSPITALITY	$0	–	-121,177	–	-0.56%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-9,799	–	-0.56%	–
ISRG	Exit	INTUITIVE SURGICAL, INC.	$0	–	-2,520	–	-0.57%	–
OSPN	Exit	ONESPAN INC COM	$0	–	-75,791	–	-0.57%	–
DHR	Exit	DANAHER CORP	$0	–	-13,489	–	-0.58%	–
MHK	Exit	MOHAWK INDS INC COM	$0	–	-8,374	–	-0.58%	–
AXON	Exit	AXON ENTERPRISE INC COM	$0	–	-21,947	–	-0.59%	–
SBH	Exit	SALLY BEAUTY HLDGS INC COM	$0	–	-83,270	–	-0.60%	–
TOL	Exit	TOLL BROS INC	$0	–	-46,568	–	-0.60%	–
FOXF	Exit	FOX FACTORY HLDG CORP COM	$0	–	-23,179	–	-0.64%	–
HMSY	Exit	HMS HLDGS CORP COM	$0	–	-50,300	–	-0.65%	–
ECOL	Exit	US ECOLOGY INC COM	$0	–	-22,411	–	-0.65%	–
MMM	Exit	3M CO COM	$0	–	-7,869	–	-0.65%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP COM	$0	–	-7,262	–	-0.67%	–
LKQ	Exit	LKQ CORP COM	$0	–	-54,544	–	-0.68%	–
WSM	Exit	WILLIAMS SONOMA INC COM	$0	–	-26,999	–	-0.70%	–
NXPI	Exit	NXP SEMICONDUCTORS NV COM	$0	–	-21,612	–	-0.72%	–
CSGP	Exit	COSTAR GRP INC	$0	–	-4,600	–	-0.76%	–
EVH	Exit	EVOLENT HEALTH INC CL Acl a	$0	–	-68,798	–	-0.77%	–
FAST	Exit	FASTENAL CO	$0	–	-33,763	–	-0.77%	–
ECL	Exit	ECOLAB INC COM	$0	–	-12,878	–	-0.79%	–
CMCSA	Exit	COMCAST CORP NEW CL Acl a	$0	–	-58,087	–	-0.81%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-30,462	–	-0.84%	–
ADSK	Exit	AUTODESK INC COM	$0	–	-13,867	–	-0.85%	–
MDT	Exit	MEDTRONIC PLC SHS	$0	–	-22,847	–	-0.88%	–
CSCO	Exit	CISCO SYS INC	$0	–	-46,577	–	-0.89%	–
CVX	Exit	CHEVRON CORP NEW COM	$0	–	-18,930	–	-0.91%	–
SYK	Exit	STRYKER CORP	$0	–	-13,230	–	-0.92%	–
CERN	Exit	CERNER CORP COM	$0	–	-36,593	–	-0.92%	–
TECH	Exit	BIO TECHNE CORP COM	$0	–	-11,565	–	-0.93%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC COM	$0	–	-32,784	–	-0.94%	–
GOOG	Exit	ALPHABET INC CAP STK CL Ccap stk cl c	$0	–	-2,180	–	-1.02%	–
TXN	Exit	TEXAS INSTRS INC COM	$0	–	-25,428	–	-1.07%	–
CELG	Exit	CELGENE CORP COM	$0	–	-31,076	–	-1.09%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$0	–	-36,402	–	-1.10%	–
PRLB	Exit	PROTO LABS INC COM	$0	–	-17,602	–	-1.12%	–
FDX	Exit	FEDEX CORP COM	$0	–	-12,060	–	-1.14%	–
CPRT	Exit	COPART INC	$0	–	-57,551	–	-1.16%	–
ST	Exit	SENSATA TECHNOLOGIES HLDNG PLC SHS	$0	–	-61,134	–	-1.19%	–
HCA	Exit	HCA HEALTHCARE INC COM	$0	–	-21,761	–	-1.19%	–
KSU	Exit	KANSAS CITY SOUTHERN COM NEW	$0	–	-26,759	–	-1.19%	–
FISV	Exit	FISERV INC	$0	–	-36,964	–	-1.20%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-48,049	–	-1.21%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,558	–	-1.22%	–
INTU	Exit	INTUIT COM	$0	–	-13,751	–	-1.23%	–
WSO	Exit	WATSCO INC	$0	–	-18,185	–	-1.27%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$0	–	-16,225	–	-1.36%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP INC	$0	–	-87,090	–	-1.39%	–
GOOGL	Exit	ALPHABET INC CAP STK CL Acap stk cl a	$0	–	-2,966	–	-1.40%	–
INGN	Exit	INOGEN INC COM	$0	–	-16,516	–	-1.58%	–
INTC	Exit	INTEL CORP COM	$0	–	-86,221	–	-1.60%	–
PRAA	Exit	PRA GROUP	$0	–	-114,004	–	-1.61%	–
LSXMA	Exit	LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM	$0	–	-97,081	–	-1.66%	–
DLTR	Exit	DOLLAR TREE INC COM	$0	–	-53,573	–	-1.71%	–
V	Exit	VISA INC	$0	–	-30,063	–	-1.77%	–
AAPL	Exit	APPLE INC	$0	–	-20,655	–	-1.83%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-57,988	–	-2.07%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-46,851	–	-2.07%	–
MNR	Exit	MONMOUTH REAL ESTATEINVT CORP CL Acl a	$0	–	-337,577	–	-2.21%	–
BECN	Exit	BEACON ROOFING SUPPLY	$0	–	-182,821	–	-2.60%	–
KNX	Exit	KNIGHT TRANSPORTATION INCcl a	$0	–	-197,725	–	-2.68%	–
KMX	Exit	CARMAX INC	$0	–	-93,036	–	-2.73%	–
MKL	Exit	MARKEL CORP HOLDING CO	$0	–	-6,079	–	-2.84%	–

Q3 2018

			Value		Shares		↓ Weighting
MKL	Buy	MARKEL CORP HOLDING CO	$7,225,000	+9.6%	6,079	+0.0%	2.84%	+1.4%
KMX	Sell	CARMAX INC	$6,947,000	-0.8%	93,036	-3.1%	2.73%	-8.2%
KNX	Buy	KNIGHT TRANSPORTATION INCcl a	$6,818,000	+191.0%	197,725	+222.5%	2.68%	+169.1%
BECN	Buy	BEACON ROOFING SUPPLY	$6,616,000	+19.7%	182,821	+41.0%	2.60%	+10.7%
MNR	Sell	MONMOUTH REAL ESTATEINVT CORP CL Acl a	$5,644,000	-2.7%	337,577	-3.8%	2.21%	-10.0%
JPM	Buy	JPMORGAN CHASE & CO COM	$5,287,000	+8.8%	46,851	+0.4%	2.07%	+0.5%
TSCO	Sell	TRACTOR SUPPLY CO	$5,270,000	-28.5%	57,988	-39.9%	2.07%	-33.9%
AAPL	Sell	APPLE INC	$4,663,000	+18.5%	20,655	-2.8%	1.83%	+9.5%
V	Sell	VISA INC	$4,512,000	+11.9%	30,063	-1.3%	1.77%	+3.4%
DLTR	Buy	DOLLAR TREE INC COM	$4,369,000	+138.0%	53,573	+148.1%	1.71%	+120.0%
LSXMA	Buy	LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM	$4,217,000	-2.5%	97,081	+1.1%	1.66%	-9.8%
PRAA	Buy	PRA GROUP	$4,104,000	-5.9%	114,004	+0.7%	1.61%	-13.0%
INTC	Sell	INTEL CORP COM	$4,077,000	-5.2%	86,221	-0.4%	1.60%	-12.4%
INGN	Sell	INOGEN INC COM	$4,032,000	+30.2%	16,516	-0.6%	1.58%	+20.4%
GOOGL	Buy	ALPHABET INC CAP STK CL Acap stk cl a	$3,580,000	+11.2%	2,966	+4.0%	1.40%	+2.9%
HCSG	Buy	HEALTHCARE SERVICES GROUP INC	$3,538,000	-3.9%	87,090	+2.2%	1.39%	-11.1%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$3,474,000	+13.9%	16,225	-0.7%	1.36%	+5.3%
WSO	Buy	WATSCO INC	$3,239,000	+0.5%	18,185	+0.6%	1.27%	-7.1%
INTU	Buy	INTUIT COM	$3,127,000	+11.4%	13,751	+0.0%	1.23%	+2.9%
AMZN	Sell	AMAZON.COM INC	$3,121,000	+16.0%	1,558	-1.6%	1.22%	+7.2%
DWDP	Buy	DOWDUPONT INC COM	$3,090,000	-0.3%	48,049	+2.2%	1.21%	-7.8%
FISV	Sell	FISERV INC	$3,045,000	+9.9%	36,964	-1.1%	1.20%	+1.7%
KSU	Sell	KANSAS CITY SOUTHERN COM NEW	$3,031,000	+6.4%	26,759	-0.5%	1.19%	-1.7%
HCA	Sell	HCA HEALTHCARE INC COM	$3,027,000	+12.4%	21,761	-17.1%	1.19%	+3.9%
ST	Sell	SENSATA TECHNOLOGIES HLDNG PLC SHS	$3,029,000	+2.8%	61,134	-1.3%	1.19%	-5.0%
CPRT	Sell	COPART INC	$2,966,000	-9.8%	57,551	-1.0%	1.16%	-16.6%
FDX	Buy	FEDEX CORP COM	$2,904,000	+10.1%	12,060	+3.8%	1.14%	+1.8%
PRLB	Sell	PROTO LABS INC COM	$2,847,000	+35.7%	17,602	-0.2%	1.12%	+25.5%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$2,808,000	-2.9%	36,402	-0.6%	1.10%	-10.2%
CELG	Buy	CELGENE CORP COM	$2,781,000	+13.1%	31,076	+0.4%	1.09%	+4.6%
TXN	Buy	TEXAS INSTRS INC COM	$2,728,000	-2.3%	25,428	+0.4%	1.07%	-9.7%
GOOG	Sell	ALPHABET INC CAP STK CL Ccap stk cl c	$2,602,000	+5.8%	2,180	-1.1%	1.02%	-2.2%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC COM	$2,390,000	+24.8%	32,784	+2.7%	0.94%	+15.4%
TECH	Sell	BIO TECHNE CORP COM	$2,361,000	+16.2%	11,565	-15.8%	0.93%	+7.4%
CERN	Sell	CERNER CORP COM	$2,357,000	+7.2%	36,593	-0.5%	0.92%	-0.9%
SYK	Sell	STRYKER CORP	$2,351,000	+4.6%	13,230	-0.6%	0.92%	-3.4%
CVX	Sell	CHEVRON CORP NEW COM	$2,315,000	-5.6%	18,930	-2.4%	0.91%	-12.8%
CSCO	Buy	CISCO SYS INC	$2,266,000	+15.5%	46,577	+2.1%	0.89%	+6.7%
MDT	Sell	MEDTRONIC PLC SHS	$2,247,000	+13.6%	22,847	-1.1%	0.88%	+5.1%
ADSK	Sell	AUTODESK INC COM	$2,165,000	+18.8%	13,867	-0.2%	0.85%	+9.8%
D	Sell	DOMINION RESOURCES INC	$2,141,000	+2.2%	30,462	-0.8%	0.84%	-5.5%
CMCSA	Sell	COMCAST CORP NEW CL Acl a	$2,057,000	+7.3%	58,087	-0.6%	0.81%	-0.7%
ECL	Buy	ECOLAB INC COM	$2,019,000	+16.5%	12,878	+4.3%	0.79%	+7.8%
FAST	Buy	FASTENAL CO	$1,959,000	+22.8%	33,763	+1.9%	0.77%	+13.6%
EVH	Buy	EVOLENT HEALTH INC CL Acl a	$1,954,000	+35.7%	68,798	+0.6%	0.77%	+25.5%
CSGP	Sell	COSTAR GRP INC	$1,936,000	+1.9%	4,600	-0.1%	0.76%	-5.7%
NXPI	New	NXP SEMICONDUCTORS NV COM	$1,848,000	–	21,612	–	0.72%	–
WSM	Buy	WILLIAMS SONOMA INC COM	$1,774,000	+7.7%	26,999	+0.6%	0.70%	-0.4%
LKQ	Sell	LKQ CORP COM	$1,727,000	-16.7%	54,544	-16.0%	0.68%	-22.9%
ADS	Sell	ALLIANCE DATA SYSTEMS CORP COM	$1,715,000	+0.5%	7,262	-0.7%	0.67%	-7.0%
MMM	Buy	3M CO COM	$1,658,000	+10.8%	7,869	+3.4%	0.65%	+2.5%
ECOL	Sell	US ECOLOGY INC COM	$1,653,000	+15.3%	22,411	-0.5%	0.65%	+6.6%
HMSY	Sell	HMS HLDGS CORP COM	$1,650,000	+51.1%	50,300	-0.4%	0.65%	+39.7%
FOXF	Sell	FOX FACTORY HLDG CORP COM	$1,624,000	+9.1%	23,179	-27.5%	0.64%	+0.8%
TOL	Sell	TOLL BROS INC	$1,538,000	-11.0%	46,568	-0.4%	0.60%	-17.8%
SBH	Sell	SALLY BEAUTY HLDGS INC COM	$1,531,000	+13.2%	83,270	-1.3%	0.60%	+4.7%
AXON	Sell	AXON ENTERPRISE INC COM	$1,502,000	+7.9%	21,947	-0.4%	0.59%	-0.3%
MHK	New	MOHAWK INDS INC COM	$1,468,000	–	8,374	–	0.58%	–
DHR	Buy	DANAHER CORP	$1,466,000	+11.0%	13,489	+0.7%	0.58%	+2.5%
OSPN	Sell	ONESPAN INC COM	$1,444,000	-3.5%	75,791	-0.5%	0.57%	-10.7%
ISRG	Buy	INTUITIVE SURGICAL, INC.	$1,446,000	+20.0%	2,520	+0.1%	0.57%	+11.0%
LEA	Sell	LEAR CORP COM NEW	$1,421,000	-36.2%	9,799	-18.3%	0.56%	-41.0%
DRH	Sell	DIAMONDROCK HOSPITALITY	$1,414,000	-6.2%	121,177	-1.3%	0.56%	-13.1%
ACN	Sell	ACCENTURE PLC IRELAND SHS CLASS A	$1,390,000	+3.3%	8,164	-0.7%	0.54%	-4.6%
TECD	Sell	TECH DATA CORP COM	$1,371,000	-37.8%	19,155	-28.6%	0.54%	-42.5%
HBI	Sell	HANESBRANDS INC	$1,326,000	-16.7%	71,933	-0.5%	0.52%	-23.0%
ALK	Sell	ALASKA AIR GROUP INC COM	$1,312,000	+12.4%	19,048	-1.4%	0.52%	+4.0%
VRSK	Buy	VERISK ANALYTICS INCCL A	$1,282,000	+13.9%	10,636	+1.7%	0.50%	+5.2%
LABL	Buy	MULTI COLOR CORP	$1,246,000	-3.2%	20,011	+0.5%	0.49%	-10.4%
AMAT	Sell	APPLIED MATLS INC COM	$1,211,000	-16.9%	31,325	-0.8%	0.48%	-23.3%
SITE	Sell	SITEONE LANDSCAPE SUPPLY INC COM	$1,207,000	-10.7%	16,025	-0.4%	0.47%	-17.3%
WHR	Sell	WHIRLPOOL CORP COM	$1,202,000	-51.0%	10,122	-39.7%	0.47%	-54.7%
TDY	Buy	TELEDYNE TECHNOLOGIES INC COM	$1,179,000	+24.5%	4,781	+0.5%	0.46%	+15.2%
OMCL	Buy	OMNICELL INC COM	$1,132,000	+37.9%	15,749	+0.6%	0.44%	+27.6%
AMBA	Buy	AMBARELLA INC SHS	$1,128,000	+2.5%	29,175	+2.3%	0.44%	-5.1%
QUOT	Buy	QUOTIENT TECHNOLOGY INC COM	$1,116,000	+192.1%	72,004	+146.9%	0.44%	+170.4%
ATRI	Buy	ATRION CORP COM	$1,107,000	+16.5%	1,593	+0.5%	0.43%	+7.7%
ARRS	Sell	ARRIS INTL INC SHS	$1,104,000	+6.0%	42,478	-0.3%	0.43%	-2.0%
AVD	Buy	AMERICAN VANGUARD CORP	$1,099,000	-21.2%	61,065	+0.5%	0.43%	-27.2%
FB	New	FACEBOOK INC CL Acl a	$1,092,000	–	6,637	–	0.43%	–
SRCL	Sell	STERICYCLE INC COM	$1,073,000	-11.0%	18,292	-0.9%	0.42%	-17.6%
USAT	Buy	USA TECHNOLOGIES INC COM NO PAR	$1,057,000	-48.3%	146,848	+0.6%	0.42%	-52.1%
BL	Buy	BLACKLINE INC COM	$990,000	+30.8%	17,524	+0.6%	0.39%	+20.9%
USB	Buy	US BANCORP DEL COM NEW	$959,000	+10.6%	18,152	+4.7%	0.38%	+2.2%
STMP	Sell	STAMPS COM INC COM NEW	$933,000	-11.0%	4,123	-0.5%	0.37%	-17.8%
ACIA	Sell	ACACIA COMMUNICATIONS INC COM	$925,000	+18.6%	22,358	-0.3%	0.36%	+9.7%
SLAB	Sell	SILICON LABORATORIESINC OC COM	$912,000	-8.2%	9,936	-0.5%	0.36%	-15.2%
ALRM	Sell	ALARM COM HLDGS INC COM	$909,000	+41.6%	15,829	-0.4%	0.36%	+31.2%
PRMW	Buy	PRIMO WTR CORP COM	$908,000	+3.8%	50,299	+0.6%	0.36%	-4.0%
ORCL	Sell	ORACLE CORPORATION	$886,000	-45.0%	17,190	-53.0%	0.35%	-49.0%
ONDK	Sell	ON DECK CAP INC COM	$854,000	+7.8%	112,773	-0.3%	0.34%	-0.3%
EPAM	Sell	EPAM SYS INC COM	$851,000	+10.4%	6,183	-0.3%	0.33%	+2.1%
SIC	New	SELECT INTERIOR CONCEPTS INC CL Acl a	$846,000	–	79,400	–	0.33%	–
SMTC	Buy	SEMTECH CORP COM	$821,000	+19.0%	14,760	+0.6%	0.32%	+9.9%
WBT	Buy	WELBILT INC COM	$793,000	-5.5%	37,997	+1.1%	0.31%	-12.6%
MTSC	Sell	MTS SYS CORP COM	$781,000	+3.6%	14,263	-0.4%	0.31%	-4.4%
JPST	Buy	JPMORGAN ULTRA-SHORT INCOME ETFultra shrt inc	$732,000	+191.6%	14,590	+191.8%	0.29%	+168.2%
TRHC	New	TABULA RASA HEALTHCARE INC COM	$730,000	–	8,994	–	0.29%	–
DLTH	Sell	DULUTH HLDGS INC COM CL B	$725,000	+31.8%	23,054	-0.3%	0.28%	+21.9%
NFLX	Sell	NETFLIX COM INC	$721,000	-15.8%	1,928	-11.9%	0.28%	-22.0%
DY	Buy	DYCOM INDS INC COM	$714,000	-7.8%	8,442	+3.0%	0.28%	-14.6%
MCO	Sell	MOODYS CORP COM	$707,000	-7.1%	4,231	-5.2%	0.28%	-14.2%
TVTY	Sell	TIVITY HEALTH INC COM	$701,000	-9.0%	21,806	-0.3%	0.28%	-15.9%
FTV	Buy	FORTIVE CORP COM	$699,000	+17.7%	8,305	+7.9%	0.27%	+8.7%
SSTK	Sell	SHUTTERSTOCK INC COM	$695,000	+14.5%	12,735	-0.4%	0.27%	+5.8%
SBUX	Buy	STARBUCKS CORP	$677,000	+20.7%	11,903	+3.6%	0.27%	+11.8%
TXMD	Buy	THERAPEUTICSMD INC COM	$672,000	+6.3%	102,389	+1.1%	0.26%	-1.5%
PAYX	Sell	PAYCHEX INC	$660,000	+6.6%	8,956	-1.1%	0.26%	-1.5%
CF	Buy	CF INDUSTRIES HOLDINGS, INC.	$653,000	+110.0%	12,000	+71.4%	0.26%	+93.9%
ENS	Sell	ENERSYS COM	$635,000	+16.3%	7,289	-0.4%	0.25%	+7.3%
VTNR	Sell	VERTEX ENERGY INC COM	$608,000	+60.8%	355,274	-0.4%	0.24%	+49.4%
XOM	Sell	EXXON MOBIL CORP COM	$608,000	-6.9%	7,148	-9.4%	0.24%	-13.7%
KRNT	Buy	KORNIT DIGITAL LTD SHS	$607,000	+23.9%	27,734	+0.9%	0.24%	+14.4%
CCI	New	CROWN CASTLE INTL CORP NEW COM	$600,000	–	5,390	–	0.24%	–
UBSH	Buy	UNION BANKSHARES CORP NEW COM	$596,000	-0.3%	15,457	+0.6%	0.23%	-7.9%
PFE	Buy	PFIZER INC COM	$579,000	+21.4%	13,143	+0.0%	0.23%	+12.4%
SLP	Sell	SIMULATIONS PLUS INC COM	$577,000	-9.6%	28,561	-0.3%	0.23%	-16.6%
BIG	Buy	BIG LOTS INC COM	$570,000	+0.5%	13,645	+0.5%	0.22%	-7.1%
CSV	Buy	CARRIAGE SVCS INC COM	$560,000	-11.7%	25,963	+0.6%	0.22%	-18.2%
KEYW	Buy	KEYW HLDG CORP COM	$520,000	+0.8%	60,084	+1.8%	0.20%	-6.8%
SLB	Buy	SCHLUMBERGER LTD COM	$491,000	-2.8%	8,053	+6.8%	0.19%	-9.8%
DLR	New	DIGITAL RLTY TR INC COM	$486,000	–	4,324	–	0.19%	–
NPTN	Sell	NEOPHOTONICS CORP COM	$484,000	+33.0%	58,345	-0.3%	0.19%	+23.4%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$466,000	+7.9%	3,993	-1.7%	0.18%	0.0%
T	Sell	AT&T INC COM	$464,000	-55.9%	13,830	-57.8%	0.18%	-59.3%
QCOM	Buy	QUALCOMM INC COM	$454,000	+52.9%	6,300	+18.9%	0.18%	+41.3%
LXFT	Buy	LUXOFT HLDG INC ORD SHS CL A	$448,000	+29.1%	9,452	+0.5%	0.18%	+19.7%
WMT	Sell	WALMART INC COM	$446,000	+8.5%	4,751	-1.0%	0.18%	+0.6%
JYNT	Buy	JOINT CORP COM	$446,000	+9.3%	52,150	+4.6%	0.18%	+1.2%
PI	Buy	IMPINJ INC COM	$431,000	+14.6%	17,354	+2.0%	0.17%	+5.6%
FNSR	Buy	FINISAR CORP COM NEW	$429,000	+6.5%	22,508	+0.6%	0.17%	-1.8%
FORM	Buy	FORMFACTOR INC COM	$421,000	+5.0%	30,628	+1.6%	0.16%	-2.9%
NNBR	Buy	NN INC COM	$411,000	-17.0%	26,321	+0.5%	0.16%	-23.3%
IVV	Sell	ISHARES S&P 500 INDEXcore s&p500 etf	$392,000	+6.2%	1,338	-1.0%	0.15%	-1.9%
EMR	Sell	EMERSON ELEC CO COM	$393,000	+4.0%	5,126	-6.3%	0.15%	-3.8%
GMRE	Buy	GLOBAL MED REIT INC COM NEW	$374,000	+6.9%	39,711	+0.6%	0.15%	-1.3%
ABM	Buy	ABM INDS INC COM	$373,000	+11.3%	11,560	+0.6%	0.15%	+2.8%
REI	Sell	RING ENERGY INC COM	$367,000	-21.6%	37,000	-0.3%	0.14%	-27.6%
	New	PORTFOLIO RECOVERY ASSOCS INnote 3.000% 8/0	$363,000	–	377,000	–	0.14%	–
PETX	Buy	ARATANA THERAPEUTICS INC COM	$354,000	+45.7%	60,690	+6.3%	0.14%	+35.0%
ASTE	Buy	ASTEC INDS INC COM	$345,000	-15.2%	6,838	+0.5%	0.14%	-22.0%
TWNK	Sell	HOSTESS BRANDS INC CL Acl a	$341,000	-19.0%	30,830	-0.4%	0.13%	-25.1%
IBM	Buy	INTL BUSINESS MACHINES	$319,000	+13.9%	2,107	+5.0%	0.12%	+5.0%
WETF	Buy	WISDOMTREE INVTS INC COM	$306,000	-5.8%	36,027	+0.6%	0.12%	-13.0%
KHC	Buy	KRAFT HEINZ CO COM	$305,000	-11.1%	5,534	+1.5%	0.12%	-17.8%
FTSM	New	FIRST TRUST ENHANCED SHORT MATURITY ETFfirst tr enh new	$293,000	–	4,885	–	0.12%	–
LRCX	Sell	LAM RESEARCH CORP COM	$288,000	-52.4%	1,900	-45.7%	0.11%	-56.0%
AFHIF	Buy	ATLAS FINANCIAL HOLDINGS INC SHS NEW	$276,000	+15.5%	27,498	+0.5%	0.11%	+6.9%
GOGO	Buy	GOGO INC COM	$226,000	+7.6%	43,557	+0.6%	0.09%	0.0%
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETFftse dev mkt etf	$204,000	–	4,721	–	0.08%	–
ARKG	New	ARK GENOMIC REVOLUTION MULTI-SECTOR ETFgen rev mltsct	$201,000	–	6,000	–	0.08%	–
SLCA	Buy	U S SILICA HLDGS INCCOM	$197,000	-26.2%	10,470	+0.6%	0.08%	-31.9%
XON	New	INTREXON CORP COM	$178,000	–	10,352	–	0.07%	–
AABA	Exit	ALTABA INC COM	$0	–	-4,500	–	-0.14%	–
	Exit	PORTFOLIO RECOVERY ASSOCS INC 3 08/01/2020note 3.000% 8/0	$0	–	-377,000	–	-0.15%	–
WLH	Exit	WILLIAM LYON HOMES CL Acl a new	$0	–	-18,021	–	-0.18%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-8,000	–	-0.21%	–
SNA	Exit	SNAP ON INC COM	$0	–	-3,892	–	-0.27%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-13,734	–	-0.54%	–

Q2 2018

			Value		Shares		↓ Weighting
TSCO	New	TRACTOR SUPPLY CO	$7,374,000	–	96,410	–	3.13%	–
KMX	New	CARMAX INC	$7,000,000	–	96,055	–	2.97%	–
MKL	New	MARKEL CORP HOLDING CO	$6,591,000	–	6,078	–	2.80%	–
MNR	New	MONMOUTH REAL ESTATEINVT CORP CL Acl a	$5,799,000	–	350,787	–	2.46%	–
BECN	New	BEACON ROOFING SUPPLY	$5,525,000	–	129,639	–	2.34%	–
JPM	New	JPMORGAN CHASE & CO COM	$4,861,000	–	46,648	–	2.06%	–
PRAA	New	PRA GROUP	$4,363,000	–	113,168	–	1.85%	–
LSXMA	New	LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM	$4,325,000	–	95,999	–	1.84%	–
INTC	New	INTEL CORP COM	$4,302,000	–	86,535	–	1.83%	–
V	New	VISA INC	$4,033,000	–	30,451	–	1.71%	–
AAPL	New	APPLE INC	$3,935,000	–	21,256	–	1.67%	–
HCSG	New	HEALTHCARE SERVICES GROUP INC	$3,682,000	–	85,255	–	1.56%	–
CPRT	New	COPART INC	$3,289,000	–	58,145	–	1.40%	–
WSO	New	WATSCO INC	$3,224,000	–	18,085	–	1.37%	–
GOOGL	New	ALPHABET INC CAP STK CL Acap stk cl a	$3,219,000	–	2,851	–	1.37%	–
DWDP	New	DOWDUPONT INC COM	$3,099,000	–	47,014	–	1.32%	–
INGN	New	INOGEN INC COM	$3,096,000	–	16,616	–	1.31%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$3,049,000	–	16,335	–	1.29%	–
ST	New	SENSATA TECHNOLOGIES HLDNG PLC SHS	$2,946,000	–	61,923	–	1.25%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$2,892,000	–	36,611	–	1.23%	–
KSU	New	KANSAS CITY SOUTHERN COM NEW	$2,850,000	–	26,896	–	1.21%	–
INTU	New	INTUIT COM	$2,808,000	–	13,745	–	1.19%	–
TXN	New	TEXAS INSTRS INC COM	$2,792,000	–	25,321	–	1.18%	–
FISV	New	FISERV INC	$2,770,000	–	37,386	–	1.18%	–
HCA	New	HCA HEALTHCARE INC COM	$2,693,000	–	26,248	–	1.14%	–
AMZN	New	AMAZON.COM INC	$2,691,000	–	1,583	–	1.14%	–
FDX	New	FEDEX CORP COM	$2,638,000	–	11,618	–	1.12%	–
GOOG	New	ALPHABET INC CAP STK CL Ccap stk cl c	$2,460,000	–	2,205	–	1.04%	–
CELG	New	CELGENE CORP COM	$2,458,000	–	30,949	–	1.04%	–
WHR	New	WHIRLPOOL CORP COM	$2,455,000	–	16,791	–	1.04%	–
CVX	New	CHEVRON CORP NEW COM	$2,453,000	–	19,405	–	1.04%	–
KNX	New	KNIGHT TRANSPORTATION INCcl a	$2,343,000	–	61,306	–	0.99%	–
SYK	New	STRYKER CORP	$2,248,000	–	13,315	–	0.95%	–
LEA	New	LEAR CORP COM NEW	$2,228,000	–	11,991	–	0.94%	–
TECD	New	TECH DATA CORP COM	$2,204,000	–	26,836	–	0.94%	–
CERN	New	CERNER CORP COM	$2,199,000	–	36,774	–	0.93%	–
PRLB	New	PROTO LABS INC COM	$2,098,000	–	17,640	–	0.89%	–
D	New	DOMINION RESOURCES INC	$2,094,000	–	30,720	–	0.89%	–
LKQ	New	LKQ CORP COM	$2,072,000	–	64,941	–	0.88%	–
USAT	New	USA TECHNOLOGIES INC COM NO PAR	$2,044,000	–	145,992	–	0.87%	–
TECH	New	BIO TECHNE CORP COM	$2,031,000	–	13,730	–	0.86%	–
MDT	New	MEDTRONIC PLC SHS	$1,978,000	–	23,099	–	0.84%	–
CSCO	New	CISCO SYS INC	$1,962,000	–	45,599	–	0.83%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC COM	$1,915,000	–	31,912	–	0.81%	–
CMCSA	New	COMCAST CORP NEW CL Acl a	$1,917,000	–	58,428	–	0.81%	–
CSGP	New	COSTAR GRP INC	$1,900,000	–	4,604	–	0.81%	–
DLTR	New	DOLLAR TREE INC COM	$1,836,000	–	21,596	–	0.78%	–
ADSK	New	AUTODESK INC COM	$1,822,000	–	13,897	–	0.77%	–
ECL	New	ECOLAB INC COM	$1,733,000	–	12,352	–	0.74%	–
TOL	New	TOLL BROS INC	$1,729,000	–	46,749	–	0.73%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP COM	$1,706,000	–	7,315	–	0.72%	–
WSM	New	WILLIAMS SONOMA INC COM	$1,647,000	–	26,829	–	0.70%	–
ORCL	New	ORACLE CORPORATION	$1,610,000	–	36,550	–	0.68%	–
FAST	New	FASTENAL CO	$1,595,000	–	33,147	–	0.68%	–
HBI	New	HANESBRANDS INC	$1,591,000	–	72,268	–	0.68%	–
DRH	New	DIAMONDROCK HOSPITALITY	$1,507,000	–	122,757	–	0.64%	–
OSPN	New	ONESPAN INC COM	$1,496,000	–	76,138	–	0.64%	–
MMM	New	3M CO COM	$1,497,000	–	7,611	–	0.64%	–
FOXF	New	FOX FACTORY HLDG CORP COM	$1,489,000	–	31,986	–	0.63%	–
AMAT	New	APPLIED MATLS INC COM	$1,458,000	–	31,575	–	0.62%	–
EVH	New	EVOLENT HEALTH INC CL Acl a	$1,440,000	–	68,397	–	0.61%	–
ECOL	New	US ECOLOGY INC COM	$1,434,000	–	22,516	–	0.61%	–
AVD	New	AMERICAN VANGUARD CORP	$1,395,000	–	60,773	–	0.59%	–
AXON	New	AXON ENTERPRISE INC COM	$1,392,000	–	22,026	–	0.59%	–
SBH	New	SALLY BEAUTY HLDGS INC COM	$1,353,000	–	84,396	–	0.57%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC COM	$1,351,000	–	16,090	–	0.57%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLASS A	$1,345,000	–	8,224	–	0.57%	–
DHR	New	DANAHER CORP	$1,321,000	–	13,389	–	0.56%	–
LABL	New	MULTI COLOR CORP	$1,287,000	–	19,914	–	0.55%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$1,262,000	–	13,734	–	0.54%	–
SRCL	New	STERICYCLE INC COM	$1,205,000	–	18,452	–	0.51%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$1,205,000	–	2,518	–	0.51%	–
ALK	New	ALASKA AIR GROUP INC COM	$1,167,000	–	19,326	–	0.50%	–
VRSK	New	VERISK ANALYTICS INCCL A	$1,126,000	–	10,460	–	0.48%	–
AMBA	New	AMBARELLA INC SHS	$1,101,000	–	28,524	–	0.47%	–
HMSY	New	HMS HLDGS CORP COM	$1,092,000	–	50,522	–	0.46%	–
T	New	AT&T INC COM	$1,053,000	–	32,790	–	0.45%	–
STMP	New	STAMPS COM INC COM NEW	$1,048,000	–	4,142	–	0.44%	–
ARRS	New	ARRIS INTL INC SHS	$1,042,000	–	42,618	–	0.44%	–
SLAB	New	SILICON LABORATORIESINC OC COM	$994,000	–	9,982	–	0.42%	–
ATRI	New	ATRION CORP COM	$950,000	–	1,585	–	0.40%	–
TDY	New	TELEDYNE TECHNOLOGIES INC COM	$947,000	–	4,757	–	0.40%	–
PRMW	New	PRIMO WTR CORP COM	$875,000	–	50,005	–	0.37%	–
USB	New	US BANCORP DEL COM NEW	$867,000	–	17,332	–	0.37%	–
NFLX	New	NETFLIX COM INC	$856,000	–	2,188	–	0.36%	–
WBT	New	WELBILT INC COM	$839,000	–	37,587	–	0.36%	–
OMCL	New	OMNICELL INC COM	$821,000	–	15,657	–	0.35%	–
ONDK	New	ON DECK CAP INC COM	$792,000	–	113,077	–	0.34%	–
ACIA	New	ACACIA COMMUNICATIONS INC COM	$780,000	–	22,418	–	0.33%	–
DY	New	DYCOM INDS INC COM	$774,000	–	8,193	–	0.33%	–
TVTY	New	TIVITY HEALTH INC COM	$770,000	–	21,862	–	0.33%	–
EPAM	New	EPAM SYS INC COM	$771,000	–	6,204	–	0.33%	–
MCO	New	MOODYS CORP COM	$761,000	–	4,461	–	0.32%	–
BL	New	BLACKLINE INC COM	$757,000	–	17,421	–	0.32%	–
MTSC	New	MTS SYS CORP COM	$754,000	–	14,325	–	0.32%	–
SMTC	New	SEMTECH CORP COM	$690,000	–	14,675	–	0.29%	–
LH	New	LABORATORY CORP OF AMERICA	$682,000	–	3,800	–	0.29%	–
XOM	New	EXXON MOBIL CORP COM	$653,000	–	7,893	–	0.28%	–
ALRM	New	ALARM COM HLDGS INC COM	$642,000	–	15,894	–	0.27%	–
SLP	New	SIMULATIONS PLUS INC COM	$638,000	–	28,657	–	0.27%	–
CSV	New	CARRIAGE SVCS INC COM	$634,000	–	25,811	–	0.27%	–
TXMD	New	THERAPEUTICSMD INC COM	$632,000	–	101,309	–	0.27%	–
SNA	New	SNAP ON INC COM	$626,000	–	3,892	–	0.27%	–
PAYX	New	PAYCHEX INC	$619,000	–	9,056	–	0.26%	–
SSTK	New	SHUTTERSTOCK INC COM	$607,000	–	12,787	–	0.26%	–
LRCX	New	LAM RESEARCH CORP COM	$605,000	–	3,500	–	0.26%	–
BDX	New	BECTON DICKINSON & CO COM	$599,000	–	2,500	–	0.25%	–
UBSH	New	UNION BANKSHARES CORP NEW COM	$598,000	–	15,368	–	0.25%	–
FTV	New	FORTIVE CORP COM	$594,000	–	7,700	–	0.25%	–
BIG	New	BIG LOTS INC COM	$567,000	–	13,576	–	0.24%	–
SBUX	New	STARBUCKS CORP	$561,000	–	11,492	–	0.24%	–
DLTH	New	DULUTH HLDGS INC COM CL B	$550,000	–	23,122	–	0.23%	–
ENS	New	ENERSYS COM	$546,000	–	7,319	–	0.23%	–
KEYW	New	KEYW HLDG CORP COM	$516,000	–	59,046	–	0.22%	–
SLB	New	SCHLUMBERGER LTD COM	$505,000	–	7,541	–	0.21%	–
ORBK	New	ORBOTECH LTDord	$494,000	–	8,000	–	0.21%	–
NNBR	New	NN INC COM	$495,000	–	26,190	–	0.21%	–
KRNT	New	KORNIT DIGITAL LTD SHS	$490,000	–	27,500	–	0.21%	–
PFE	New	PFIZER INC COM	$477,000	–	13,142	–	0.20%	–
JNJ	New	JOHNSON & JOHNSON COM	$475,000	–	3,914	–	0.20%	–
REI	New	RING ENERGY INC COM	$468,000	–	37,116	–	0.20%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$432,000	–	4,063	–	0.18%	–
SYY	New	SYSCO CORP COM	$421,000	–	6,168	–	0.18%	–
TWNK	New	HOSTESS BRANDS INC CL Acl a	$421,000	–	30,962	–	0.18%	–
PG	New	PROCTER AND GAMBLE CO COM	$418,000	–	5,360	–	0.18%	–
WLH	New	WILLIAM LYON HOMES CL Acl a new	$418,000	–	18,021	–	0.18%	–
WMT	New	WALMART INC COM	$411,000	–	4,801	–	0.17%	–
JYNT	New	JOINT CORP COM	$408,000	–	49,858	–	0.17%	–
ASTE	New	ASTEC INDS INC COM	$407,000	–	6,802	–	0.17%	–
FNSR	New	FINISAR CORP COM NEW	$403,000	–	22,377	–	0.17%	–
FORM	New	FORMFACTOR INC COM	$401,000	–	30,140	–	0.17%	–
QUOT	New	QUOTIENT TECHNOLOGY INC COM	$382,000	–	29,160	–	0.16%	–
KO	New	COCA COLA CO COM	$379,000	–	8,645	–	0.16%	–
VTNR	New	VERTEX ENERGY INC COM	$378,000	–	356,554	–	0.16%	–
PI	New	IMPINJ INC COM	$376,000	–	17,021	–	0.16%	–
EMR	New	EMERSON ELEC CO COM	$378,000	–	5,473	–	0.16%	–
IVV	New	ISHARES S&P 500 INDEXcore s&p500 etf	$369,000	–	1,351	–	0.16%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADRsponsored adr	$362,000	–	3,595	–	0.15%	–
	New	PORTFOLIO RECOVERY ASSOCS INC 3 08/01/2020note 3.000% 8/0	$362,000	–	377,000	–	0.15%	–
NPTN	New	NEOPHOTONICS CORP COM	$364,000	–	58,505	–	0.15%	–
KMI	New	KINDER MORGAN INC	$355,000	–	20,112	–	0.15%	–
GMRE	New	GLOBAL MED REIT INC COM NEW	$350,000	–	39,480	–	0.15%	–
LXFT	New	LUXOFT HLDG INC ORD SHS CL A	$347,000	–	9,403	–	0.15%	–
MRK	New	MERCK & CO INC	$347,000	–	5,715	–	0.15%	–
KHC	New	KRAFT HEINZ CO COM	$343,000	–	5,454	–	0.15%	–
ABM	New	ABM INDS INC COM	$335,000	–	11,492	–	0.14%	–
AABA	New	ALTABA INC COM	$329,000	–	4,500	–	0.14%	–
WETF	New	WISDOMTREE INVTS INC COM	$325,000	–	35,818	–	0.14%	–
RVT	New	ROYCE VALUE TR INC	$323,000	–	20,470	–	0.14%	–
TMO	New	THERMO FISHER SCIENTIFIC INC COM	$311,000	–	1,500	–	0.13%	–
CF	New	CF INDUSTRIES HOLDINGS, INC.	$311,000	–	7,000	–	0.13%	–
QCOM	New	QUALCOMM INC COM	$297,000	–	5,300	–	0.13%	–
MCD	New	MCDONALDS CORP COM	$283,000	–	1,806	–	0.12%	–
IBM	New	INTL BUSINESS MACHINES	$280,000	–	2,007	–	0.12%	–
SLCA	New	U S SILICA HLDGS INCCOM	$267,000	–	10,409	–	0.11%	–
BA	New	BOEING CO COM	$265,000	–	791	–	0.11%	–
JPST	New	JPMORGAN ULTRA-SHORT INCOME ETFultra shrt inc	$251,000	–	5,000	–	0.11%	–
PETX	New	ARATANA THERAPEUTICS INC COM	$243,000	–	57,096	–	0.10%	–
AFHIF	New	ATLAS FINANCIAL HOLDINGS INC SHS NEW	$239,000	–	27,362	–	0.10%	–
IWB	New	ISHARES TR RUSSELL 1000 INDEX ETFrus 1000 etf	$230,000	–	1,513	–	0.10%	–
GOGO	New	GOGO INC COM	$210,000	–	43,300	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CRP	$209,000	–	1,386	–	0.09%	–
ABMD	New	ABIOMED INC	$205,000	–	500	–	0.09%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	BLACKROCK CAPITAL INVESTMENT C 5.5 02/15/2018note 5.500% 2/1	$0	–	-80,000	–	-0.04%	–
IVV	Exit	ISHARES CORE S&P 500 ETFcore s&p500 etf	$0	–	-828	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHERN CORP COM	$0	–	-1,586	–	-0.10%	–
CAT	Exit	CATERPILLAR INC DEL COM	$0	–	-1,916	–	-0.11%	–
FOGO	Exit	FOGO DE CHAO INC COM	$0	–	-20,547	–	-0.12%	–
VTNR	Exit	VERTEX ENERGY INC COM	$0	–	-352,789	–	-0.12%	–
MRK	Exit	MERCK & CO INC COM	$0	–	-4,805	–	-0.14%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-2,376	–	-0.14%	–
SYY	Exit	SYSCO CORP COM	$0	–	-6,260	–	-0.15%	–
PETX	Exit	ARATANA THERAPEUTICS INC COM	$0	–	-55,941	–	-0.16%	–
	Exit	PORTFOLIO RECOVERY ASSOCS INC 3 08/01/2020note 3.000% 8/0	$0	–	-377,000	–	-0.16%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-2,298	–	-0.16%	–
WETF	Exit	WISDOMTREE INVTS INC COM	$0	–	-35,378	–	-0.16%	–
UPS	Exit	UNITED PARCEL SERVICE INC CL Bcl b	$0	–	-3,063	–	-0.17%	–
ASTE	Exit	ASTEC INDS INC COM	$0	–	-6,720	–	-0.17%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-6,235	–	-0.18%	–
CGIPQ	Exit	CELADON GROUP INC COM	$0	–	-59,757	–	-0.18%	–
WLH	Exit	LYON WILLIAM HOMES CL A NEWcl a new	$0	–	-17,781	–	-0.19%	–
PG	Exit	PROCTER AND GAMBLE CO COM	$0	–	-4,566	–	-0.19%	–
KRNT	Exit	KORNIT DIGITAL LTD SHS	$0	–	-27,160	–	-0.19%	–
TWNK	Exit	HOSTESS BRANDS INC CL Acl a	$0	–	-30,595	–	-0.19%	–
SSTK	Exit	SHUTTERSTOCK INC COM	$0	–	-12,636	–	-0.19%	–
PFE	Exit	PFIZER INC COM	$0	–	-11,799	–	-0.19%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC COM	$0	–	-1,375	–	-0.19%	–
RVT	Exit	ROYCE VALUE TR INC COM	$0	–	-27,027	–	-0.20%	–
SLP	Exit	SIMULATIONS PLUS INC COM	$0	–	-28,324	–	-0.20%	–
QUOT	Exit	QUOTIENT TECHNOLOGY INC COM	$0	–	-28,809	–	-0.21%	–
EXA	Exit	EXA CORP COM	$0	–	-19,023	–	-0.21%	–
DLTH	Exit	DULUTH HLDGS INC COM CL B	$0	–	-22,840	–	-0.21%	–
ABM	Exit	ABM INDS INC COM	$0	–	-11,353	–	-0.22%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-2,500	–	-0.22%	–
AXON	Exit	AXON ENTERPRISE INC COM	$0	–	-21,774	–	-0.22%	–
ENS	Exit	ENERSYS COM	$0	–	-7,235	–	-0.23%	–
AFHIF	Exit	ATLAS FINANCIAL HOLDINGS INC SHS NEW	$0	–	-27,043	–	-0.23%	–
TXMD	Exit	THERAPEUTICSMD INC COM	$0	–	-100,109	–	-0.24%	–
REI	Exit	RING ENERGY INC COM	$0	–	-36,693	–	-0.24%	–
EPAM	Exit	EPAM SYS INC COM	$0	–	-6,129	–	-0.25%	–
GIMO	Exit	GIGAMON INC COM	$0	–	-13,048	–	-0.25%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-8,119	–	-0.26%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-7,998	–	-0.26%	–
PAYX	Exit	PAYCHEX INC COM	$0	–	-9,487	–	-0.26%	–
BA	Exit	BOEING CO COM	$0	–	-2,255	–	-0.26%	–
PRMW	Exit	PRIMO WTR CORP COM	$0	–	-49,413	–	-0.27%	–
BL	Exit	BLACKLINE INC COM	$0	–	-17,214	–	-0.27%	–
SHPG	Exit	SHIRE PLC SPONSORED ADRsponsored adr	$0	–	-3,871	–	-0.27%	–
SNA	Exit	SNAP ON INC COM	$0	–	-4,170	–	-0.28%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-7,615	–	-0.28%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-11,770	–	-0.29%	–
MCO	Exit	MOODYS CORP COM	$0	–	-4,651	–	-0.30%	–
TYPE	Exit	MONOTYPE IMAGING HOLDINGS INC COM	$0	–	-35,477	–	-0.31%	–
DY	Exit	DYCOM INDS INC COM	$0	–	-8,090	–	-0.32%	–
PI	Exit	IMPINJ INC COM	$0	–	-16,819	–	-0.32%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRANC COM	$0	–	-4,911	–	-0.32%	–
ALRM	Exit	ALARM COM HLDGS INC COM	$0	–	-15,697	–	-0.32%	–
EVH	Exit	EVOLENT HEALTH INC CL Acl a	$0	–	-39,866	–	-0.32%	–
BIG	Exit	BIG LOTS INC COM	$0	–	-13,411	–	-0.33%	–
LH	Exit	LABORATORY CORP AMER HLDGS COM NEW	$0	–	-4,800	–	-0.33%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC COM	$0	–	-4,700	–	-0.34%	–
NNBR	Exit	NN INC COM	$0	–	-25,881	–	-0.34%	–
MTSC	Exit	MTS SYS CORP COM	$0	–	-14,156	–	-0.34%	–
WMT	Exit	WAL-MART STORES INC COM	$0	–	-9,972	–	-0.36%	–
GRUB	Exit	GRUBHUB INC COM	$0	–	-14,879	–	-0.36%	–
SLAB	Exit	SILICON LABORATORIES INC COM	$0	–	-9,877	–	-0.36%	–
STMP	Exit	STAMPS COM INC COM NEW	$0	–	-4,092	–	-0.38%	–
WBT	Exit	WELBILT INC COM	$0	–	-37,142	–	-0.39%	–
VRSK	Exit	VERISK ANALYTICS INC COM	$0	–	-10,503	–	-0.40%	–
VDSI	Exit	VASCO DATA SEC INTL INC COM	$0	–	-75,250	–	-0.41%	–
ORBK	Exit	ORBOTECH LTD ORDord	$0	–	-21,600	–	-0.42%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC COM	$0	–	-15,893	–	-0.42%	–
CF	Exit	CF INDS HLDGS INC COM	$0	–	-26,812	–	-0.43%	–
USB	Exit	US BANCORP DEL COM NEW	$0	–	-17,858	–	-0.44%	–
HMSY	Exit	HMS HLDGS CORP COM	$0	–	-49,911	–	-0.45%	–
NFLX	Exit	NETFLIX INC COM	$0	–	-5,672	–	-0.47%	–
ATRI	Exit	ATRION CORP COM	$0	–	-1,566	–	-0.48%	–
LRCX	Exit	LAM RESEARCH CORP COM	$0	–	-6,000	–	-0.51%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLASS A	$0	–	-8,320	–	-0.51%	–
BLKB	Exit	BLACKBAUD INC COM	$0	–	-13,411	–	-0.54%	–
ECOL	Exit	US ECOLOGY INC COM	$0	–	-22,251	–	-0.55%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-14,014	–	-0.55%	–
MD	Exit	MEDNAX INC COM	$0	–	-28,094	–	-0.55%	–
CSGP	Exit	COSTAR GROUP INC COM	$0	–	-4,600	–	-0.56%	–
SYNA	Exit	SYNAPTICS INC COM	$0	–	-32,166	–	-0.58%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO COM	$0	–	-120,435	–	-0.60%	–
WSM	Exit	WILLIAMS SONOMA INC COM	$0	–	-27,155	–	-0.62%	–
FOXF	Exit	FOX FACTORY HLDG CORP COM	$0	–	-31,605	–	-0.62%	–
BECN	Exit	BEACON ROOFING SUPPLY INC COM	$0	–	-26,782	–	-0.63%	–
AVD	Exit	AMERICAN VANGUARD CORP COM	$0	–	-60,052	–	-0.63%	–
HCP	Exit	HCP INC COM	$0	–	-49,467	–	-0.63%	–
PRLB	Exit	PROTO LABS INC COM	$0	–	-17,460	–	-0.64%	–
MMM	Exit	3M CO COM	$0	–	-6,795	–	-0.65%	–
AMBA	Exit	AMBARELLA INC SHS	$0	–	-29,102	–	-0.65%	–
TVTY	Exit	TIVITY HEALTH INC COM	$0	–	-35,118	–	-0.65%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-43,669	–	-0.67%	–
FAST	Exit	FASTENAL CO COM	$0	–	-32,552	–	-0.68%	–
ECL	Exit	ECOLAB INC COM	$0	–	-11,966	–	-0.70%	–
AMZN	Exit	AMAZON COM INC COM	$0	–	-1,604	–	-0.70%	–
INGN	Exit	INOGEN INC COM	$0	–	-16,419	–	-0.71%	–
ALK	Exit	ALASKA AIR GROUP INC COM	$0	–	-20,838	–	-0.72%	–
LABL	Exit	MULTI COLOR CORP COM	$0	–	-19,683	–	-0.74%	–
ISRG	Exit	INTUITIVE SURGICAL INC COM NEW	$0	–	-1,553	–	-0.74%	–
TROW	Exit	PRICE T ROWE GROUP INC COM	$0	–	-18,318	–	-0.76%	–
EXAS	Exit	EXACT SCIENCES CORP COM	$0	–	-35,988	–	-0.77%	–
GILD	Exit	GILEAD SCIENCES INC COM	$0	–	-21,310	–	-0.79%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP COM	$0	–	-7,840	–	-0.79%	–
HCA	Exit	HCA HEALTHCARE INC COM	$0	–	-21,910	–	-0.80%	–
COF	Exit	CAPITAL ONE FINL CORP COM	$0	–	-21,041	–	-0.81%	–
TECH	Exit	BIO TECHNE CORP COM	$0	–	-15,072	–	-0.83%	–
MDT	Exit	MEDTRONIC PLC SHS	$0	–	-24,443	–	-0.87%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-39,883	–	-0.88%	–
DLTR	Exit	DOLLAR TREE INC COM	$0	–	-22,223	–	-0.88%	–
GNTX	Exit	GENTEX CORP COM	$0	–	-97,492	–	-0.88%	–
INTU	Exit	INTUIT COM	$0	–	-14,218	–	-0.92%	–
CVX	Exit	CHEVRON CORP NEW COM	$0	–	-17,677	–	-0.95%	–
GOOG	Exit	ALPHABET INC CAP STK CL Ccap stk cl c	$0	–	-2,341	–	-1.02%	–
GE	Exit	GENERAL ELECTRIC CO COM	$0	–	-93,203	–	-1.03%	–
INTC	Exit	INTEL CORP COM	$0	–	-59,522	–	-1.03%	–
HCCI	Exit	HERITAGE CRYSTAL CLEAN INC COM	$0	–	-105,330	–	-1.04%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-13,429	–	-1.06%	–
LKQ	Exit	LKQ CORP COM	$0	–	-65,439	–	-1.07%	–
GOOGL	Exit	ALPHABET INC CAP STK CL Acap stk cl a	$0	–	-2,461	–	-1.09%	–
HBI	Exit	HANESBRANDS INC COM	$0	–	-98,008	–	-1.10%	–
D	Exit	DOMINION ENERGY INC COM	$0	–	-31,645	–	-1.11%	–
TOL	Exit	TOLL BROTHERS INC COM	$0	–	-59,844	–	-1.13%	–
T	Exit	AT&T INC COM	$0	–	-64,274	–	-1.15%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INC CL Acl a	$0	–	-60,927	–	-1.16%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC COM	$0	–	-33,008	–	-1.16%	–
CERN	Exit	CERNER CORP COM	$0	–	-37,272	–	-1.21%	–
FDX	Exit	FEDEX CORP COM	$0	–	-12,343	–	-1.27%	–
WSO	Exit	WATSCO INC COM	$0	–	-17,484	–	-1.28%	–
FISV	Exit	FISERV INC COM	$0	–	-21,988	–	-1.29%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$0	–	-39,188	–	-1.30%	–
SYK	Exit	STRYKER CORP COM	$0	–	-20,778	–	-1.35%	–
KSU	Exit	KANSAS CITY SOUTHERN COM NEW	$0	–	-27,553	–	-1.36%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG NV SHS	$0	–	-66,421	–	-1.46%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$0	–	-17,807	–	-1.49%	–
V	Exit	VISA INC COM CL A	$0	–	-31,145	–	-1.50%	–
PRAA	Exit	PRA GROUP INC COM	$0	–	-115,120	–	-1.50%	–
WHR	Exit	WHIRLPOOL CORP COM	$0	–	-18,241	–	-1.53%	–
BSFT	Exit	BROADSOFT INC COM	$0	–	-67,390	–	-1.55%	–
AAPL	Exit	APPLE INC COM	$0	–	-23,103	–	-1.62%	–
HCSG	Exit	HEALTHCARE SVCS GRP INC COM	$0	–	-75,734	–	-1.86%	–
CELG	Exit	CELGENE CORP COM	$0	–	-29,733	–	-1.98%	–
KMX	Exit	CARMAX INC COM	$0	–	-62,730	–	-2.17%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-50,888	–	-2.22%	–
CPRT	Exit	COPART INC COM	$0	–	-150,762	–	-2.36%	–
TSCO	Exit	TRACTOR SUPPLY CO COM	$0	–	-102,859	–	-2.97%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT CORP CL Acl a	$0	–	-412,902	–	-3.05%	–
MKL	Exit	MARKEL CORP COM	$0	–	-6,358	–	-3.10%	–

Q3 2017

			Value		Shares		↓ Weighting
MKL	Sell	MARKEL CORP COM	$6,790,000	+7.2%	6,358	-2.1%	3.10%	+4.0%
MNR	Sell	MONMOUTH REAL ESTATE INVT CORP CL Acl a	$6,685,000	+5.4%	412,902	-2.0%	3.05%	+2.3%
TSCO	Buy	TRACTOR SUPPLY CO COM	$6,510,000	+683.4%	102,859	+570.9%	2.97%	+659.3%
CPRT	Sell	COPART INC COM	$5,182,000	+6.3%	150,762	-1.6%	2.36%	+3.1%
JPM	Sell	JPMORGAN CHASE & CO COM	$4,860,000	+1.4%	50,888	-2.9%	2.22%	-1.6%
KMX	Sell	CARMAX INC COM	$4,756,000	+18.1%	62,730	-1.8%	2.17%	+14.5%
CELG	Buy	CELGENE CORP COM	$4,336,000	+12.4%	29,733	+0.1%	1.98%	+9.0%
HCSG	Sell	HEALTHCARE SVCS GRP INC COM	$4,087,000	+15.1%	75,734	-0.1%	1.86%	+11.7%
AAPL	Sell	APPLE INC COM	$3,561,000	+3.4%	23,103	-3.4%	1.62%	+0.3%
BSFT	Buy	BROADSOFT INC COM	$3,390,000	+16.9%	67,390	+0.0%	1.55%	+13.3%
WHR	Buy	WHIRLPOOL CORP COM	$3,364,000	+1.3%	18,241	+5.3%	1.53%	-1.7%
PRAA	Buy	PRA GROUP INC COM	$3,298,000	-24.2%	115,120	+0.2%	1.50%	-26.5%
V	Sell	VISA INC COM CL A	$3,278,000	+8.1%	31,145	-3.6%	1.50%	+4.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$3,264,000	+6.8%	17,807	-1.4%	1.49%	+3.6%
ST	Sell	SENSATA TECHNOLOGIES HLDG NV SHS	$3,193,000	+10.9%	66,421	-1.5%	1.46%	+7.5%
SYK	Sell	STRYKER CORP COM	$2,951,000	-0.3%	20,778	-2.6%	1.35%	-3.3%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$2,843,000	+10.8%	39,188	+1.4%	1.30%	+7.5%
FISV	Sell	FISERV INC COM	$2,836,000	+5.0%	21,988	-0.4%	1.29%	+1.9%
WSO	Sell	WATSCO INC COM	$2,816,000	+2.3%	17,484	-2.0%	1.28%	-0.8%
FDX	Sell	FEDEX CORP COM	$2,784,000	+2.1%	12,343	-1.6%	1.27%	-0.9%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC COM	$2,549,000	+0.8%	33,008	+2.2%	1.16%	-2.3%
KNX	New	KNIGHT SWIFT TRANSN HLDGS INC CL Acl a	$2,532,000	–	60,927	–	1.16%	–
T	Sell	AT&T INC COM	$2,518,000	+2.8%	64,274	-1.0%	1.15%	-0.3%
TOL	Buy	TOLL BROTHERS INC COM	$2,482,000	+6.2%	59,844	+1.2%	1.13%	+3.1%
D	Sell	DOMINION ENERGY INC COM	$2,434,000	-2.6%	31,645	-2.9%	1.11%	-5.5%
HBI	Buy	HANESBRANDS INC COM	$2,415,000	+9.0%	98,008	+2.4%	1.10%	+5.7%
GOOGL	Buy	ALPHABET INC CAP STK CL Acap stk cl a	$2,396,000	+9.3%	2,461	+4.3%	1.09%	+6.0%
LKQ	Buy	LKQ CORP COM	$2,355,000	+9.3%	65,439	+0.1%	1.07%	+6.0%
LEA	Sell	LEAR CORP COM NEW	$2,324,000	+19.4%	13,429	-2.0%	1.06%	+15.8%
HCCI	Sell	HERITAGE CRYSTAL CLEAN INC COM	$2,291,000	+18.8%	105,330	-13.2%	1.04%	+15.2%
INTC	Buy	INTEL CORP COM	$2,267,000	+615.1%	59,522	+533.3%	1.03%	+594.0%
GE	Sell	GENERAL ELECTRIC CO COM	$2,254,000	-19.0%	93,203	-9.6%	1.03%	-21.5%
GOOG	Sell	ALPHABET INC CAP STK CL Ccap stk cl c	$2,245,000	+4.1%	2,341	-1.3%	1.02%	+1.0%
CVX	Sell	CHEVRON CORP NEW COM	$2,077,000	-37.9%	17,677	-44.8%	0.95%	-39.7%
INTU	Buy	INTUIT COM	$2,021,000	+7.2%	14,218	+0.2%	0.92%	+4.1%
DLTR	Buy	DOLLAR TREE INC COM	$1,929,000	+24.3%	22,223	+0.1%	0.88%	+20.5%
GNTX	Buy	GENTEX CORP COM	$1,930,000	+12.5%	97,492	+7.8%	0.88%	+9.0%
ORCL	Sell	ORACLE CORP COM	$1,928,000	-5.3%	39,883	-1.7%	0.88%	-8.2%
MDT	Sell	MEDTRONIC PLC SHS	$1,901,000	-13.9%	24,443	-1.7%	0.87%	-16.5%
TECH	Sell	BIO TECHNE CORP COM	$1,822,000	+2.5%	15,072	-0.4%	0.83%	-0.5%
COF	Sell	CAPITAL ONE FINL CORP COM	$1,781,000	+1.3%	21,041	-1.2%	0.81%	-1.8%
HCA	Sell	HCA HEALTHCARE INC COM	$1,744,000	-10.0%	21,910	-1.4%	0.80%	-12.7%
ADS	Sell	ALLIANCE DATA SYSTEMS CORP COM	$1,737,000	-14.7%	7,840	-1.2%	0.79%	-17.2%
GILD	Sell	GILEAD SCIENCES INC COM	$1,727,000	+12.9%	21,310	-1.4%	0.79%	+9.6%
EXAS	Sell	EXACT SCIENCES CORP COM	$1,696,000	-21.4%	35,988	-41.0%	0.77%	-23.8%
TROW	Sell	PRICE T ROWE GROUP INC COM	$1,660,000	+17.3%	18,318	-3.9%	0.76%	+13.8%
ALK	Sell	ALASKA AIR GROUP INC COM	$1,589,000	-26.5%	20,838	-13.5%	0.72%	-28.7%
AMZN	Sell	AMAZON COM INC COM	$1,542,000	-1.3%	1,604	-0.6%	0.70%	-4.2%
ECL	Buy	ECOLAB INC COM	$1,539,000	-2.3%	11,966	+0.9%	0.70%	-5.1%
FAST	Buy	FASTENAL CO COM	$1,484,000	+5.2%	32,552	+0.5%	0.68%	+2.1%
CSCO	Sell	CISCO SYS INC COM	$1,469,000	+6.4%	43,669	-1.0%	0.67%	+3.2%
MMM	Sell	3M CO COM	$1,426,000	-2.8%	6,795	-3.5%	0.65%	-5.8%
AMBA	Sell	AMBARELLA INC SHS	$1,426,000	+0.8%	29,102	-0.1%	0.65%	-2.3%
HCP	Sell	HCP INC COM	$1,377,000	-28.3%	49,467	-17.7%	0.63%	-30.5%
DRH	Sell	DIAMONDROCK HOSPITALITY CO COM	$1,319,000	-1.6%	120,435	-1.6%	0.60%	-4.4%
SYNA	Buy	SYNAPTICS INC COM	$1,260,000	-19.8%	32,166	+5.8%	0.58%	-22.2%
CSGP	Buy	COSTAR GROUP INC COM	$1,234,000	+2.0%	4,600	+0.2%	0.56%	-1.1%
MD	Sell	MEDNAX INC COM	$1,211,000	-29.3%	28,094	-1.0%	0.55%	-31.5%
USB	Buy	US BANCORP DEL COM NEW	$957,000	+3.8%	17,858	+0.6%	0.44%	+0.7%
CF	Sell	CF INDS HLDGS INC COM	$943,000	+22.8%	26,812	-2.4%	0.43%	+19.1%
WMT	Sell	WAL-MART STORES INC COM	$779,000	+1.0%	9,972	-2.1%	0.36%	-1.9%
LH	Sell	LABORATORY CORP AMER HLDGS COM NEW	$725,000	-78.9%	4,800	-78.4%	0.33%	-79.5%
BIG	New	BIG LOTS INC COM	$718,000	–	13,411	–	0.33%	–
PI	New	IMPINJ INC COM	$700,000	–	16,819	–	0.32%	–
DY	New	DYCOM INDS INC COM	$695,000	–	8,090	–	0.32%	–
MCO	Buy	MOODYS CORP COM	$647,000	+17.6%	4,651	+3.0%	0.30%	+13.9%
SBUX	Buy	STARBUCKS CORP COM	$632,000	+0.6%	11,770	+9.3%	0.29%	-2.4%
XOM	Sell	EXXON MOBIL CORP COM	$624,000	-2.3%	7,615	-3.8%	0.28%	-5.0%
SHPG	Buy	SHIRE PLC SPONSORED ADRsponsored adr	$593,000	-6.6%	3,871	+0.7%	0.27%	-9.7%
PRMW	New	PRIMO WTR CORP COM	$586,000	–	49,413	–	0.27%	–
BA	Sell	BOEING CO COM	$573,000	+11.0%	2,255	-13.6%	0.26%	+7.4%
PAYX	Sell	PAYCHEX INC COM	$569,000	-9.5%	9,487	-14.1%	0.26%	-12.5%
FTV	Buy	FORTIVE CORP COM	$566,000	+27.8%	7,998	+14.3%	0.26%	+24.0%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC COM	$423,000	-20.3%	1,375	+7.8%	0.19%	-22.8%
PFE	Sell	PFIZER INC COM	$421,000	-0.2%	11,799	-6.1%	0.19%	-3.0%
PG	Sell	PROCTER AND GAMBLE CO COM	$415,000	-7.0%	4,566	-10.9%	0.19%	-10.0%
EMR	Sell	EMERSON ELEC CO COM	$392,000	-4.4%	6,235	-9.4%	0.18%	-7.3%
UPS	Sell	UNITED PARCEL SERVICE INC CL Bcl b	$368,000	-6.1%	3,063	-13.5%	0.17%	-8.7%
MCD	Sell	MCDONALDS CORP COM	$360,000	-27.6%	2,298	-29.2%	0.16%	-29.9%
SYY	Sell	SYSCO CORP COM	$338,000	+4.6%	6,260	-2.6%	0.15%	+1.3%
JNJ	Sell	JOHNSON & JOHNSON COM	$309,000	-13.9%	2,376	-12.4%	0.14%	-16.6%
MRK	Sell	MERCK & CO INC COM	$308,000	-11.2%	4,805	-11.3%	0.14%	-14.1%
VTNR	Sell	VERTEX ENERGY INC COM	$268,000	-64.4%	352,789	-49.8%	0.12%	-65.5%
CAT	Sell	CATERPILLAR INC DEL COM	$239,000	+10.1%	1,916	-5.2%	0.11%	+6.9%
NSC	Sell	NORFOLK SOUTHERN CORP COM	$210,000	-7.1%	1,586	-14.8%	0.10%	-9.4%
XON	Exit	INTREXON CORP COM	$0	–	-9,741	–	-0.11%	–
KRE	Exit	SPDR S&P REGIONAL BANKING ETFs&p regl bkg	$0	–	-10,000	–	-0.26%	–
INT	Exit	WORLD FUEL SVCS CORP COM	$0	–	-33,598	–	-0.61%	–
ABCO	Exit	ADVISORY BRD CO COM	$0	–	-33,773	–	-0.82%	–
DIS	Exit	DISNEY WALT CO COM DISNEY	$0	–	-19,056	–	-0.95%	–
KNX	Exit	KNIGHT TRANSN INC COM	$0	–	-60,827	–	-1.06%	–

Q2 2017

			Value		Shares		↓ Weighting
MNR	New	MONMOUTH REAL ESTATE INVT CORP CL Acl a	$6,341,000	–	421,350	–	2.98%	–
MKL	New	MARKEL CORP COM	$6,336,000	–	6,493	–	2.98%	–
CPRT	New	COPART INC COM	$4,873,000	–	153,290	–	2.29%	–
JPM	New	JPMORGAN CHASE & CO COM	$4,792,000	–	52,428	–	2.25%	–
PRAA	New	PRA GROUP INC COM	$4,352,000	–	114,835	–	2.05%	–
KMX	New	CARMAX INC COM	$4,028,000	–	63,872	–	1.89%	–
CELG	New	CELGENE CORP COM	$3,857,000	–	29,698	–	1.81%	–
HCSG	New	HEALTHCARE SVCS GRP INC COM	$3,551,000	–	75,834	–	1.67%	–
AAPL	New	APPLE INC COM	$3,444,000	–	23,915	–	1.62%	–
LH	New	LABORATORY CORP AMER HLDGS COM NEW	$3,433,000	–	22,271	–	1.61%	–
CVX	New	CHEVRON CORP NEW COM	$3,342,000	–	32,030	–	1.57%	–
WHR	New	WHIRLPOOL CORP COM	$3,320,000	–	17,326	–	1.56%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B NEWcl b new	$3,057,000	–	18,051	–	1.44%	–
V	New	VISA INC COM CL A	$3,031,000	–	32,315	–	1.42%	–
SYK	New	STRYKER CORP COM	$2,961,000	–	21,333	–	1.39%	–
BSFT	New	BROADSOFT INC COM	$2,901,000	–	67,384	–	1.36%	–
KSU	New	KANSAS CITY SOUTHERN COM NEW	$2,883,000	–	27,553	–	1.36%	–
ST	New	SENSATA TECHNOLOGIES HLDG NV SHS	$2,880,000	–	67,420	–	1.35%	–
GE	New	GENERAL ELECTRIC CO COM	$2,784,000	–	103,091	–	1.31%	–
WSO	New	WATSCO INC COM	$2,752,000	–	17,849	–	1.29%	–
FDX	New	FEDEX CORP COM	$2,726,000	–	12,541	–	1.28%	–
FISV	New	FISERV INC COM	$2,700,000	–	22,066	–	1.27%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS CL Acl a	$2,567,000	–	38,663	–	1.21%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC COM	$2,530,000	–	32,309	–	1.19%	–
D	New	DOMINION ENERGY INC COM	$2,498,000	–	32,597	–	1.17%	–
CERN	New	CERNER CORP COM	$2,477,000	–	37,272	–	1.16%	–
T	New	AT&T INC COM	$2,450,000	–	64,923	–	1.15%	–
TOL	New	TOLL BROTHERS INC COM	$2,336,000	–	59,129	–	1.10%	–
KNX	New	KNIGHT TRANSN INC COM	$2,254,000	–	60,827	–	1.06%	–
HBI	New	HANESBRANDS INC COM	$2,216,000	–	95,693	–	1.04%	–
MDT	New	MEDTRONIC PLC SHS	$2,207,000	–	24,864	–	1.04%	–
GOOGL	New	ALPHABET INC CAP STK CL Acap stk cl a	$2,193,000	–	2,359	–	1.03%	–
ALK	New	ALASKA AIR GROUP INC COM	$2,163,000	–	24,094	–	1.02%	–
GOOG	New	ALPHABET INC CAP STK CL Ccap stk cl c	$2,156,000	–	2,372	–	1.01%	–
EXAS	New	EXACT SCIENCES CORP COM	$2,157,000	–	60,992	–	1.01%	–
LKQ	New	LKQ CORP COM	$2,154,000	–	65,360	–	1.01%	–
ORCL	New	ORACLE CORP COM	$2,035,000	–	40,580	–	0.96%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP COM	$2,036,000	–	7,933	–	0.96%	–
DIS	New	DISNEY WALT CO COM DISNEY	$2,025,000	–	19,056	–	0.95%	–
LEA	New	LEAR CORP COM NEW	$1,946,000	–	13,698	–	0.92%	–
HCA	New	HCA HEALTHCARE INC COM	$1,938,000	–	22,220	–	0.91%	–
HCCI	New	HERITAGE CRYSTAL CLEAN INC COM	$1,929,000	–	121,290	–	0.91%	–
HCP	New	HCP INC COM	$1,921,000	–	60,107	–	0.90%	–
INTU	New	INTUIT COM	$1,885,000	–	14,192	–	0.89%	–
TECH	New	BIO TECHNE CORP COM	$1,777,000	–	15,127	–	0.84%	–
COF	New	CAPITAL ONE FINL CORP COM	$1,759,000	–	21,294	–	0.83%	–
ABCO	New	ADVISORY BRD CO COM	$1,739,000	–	33,773	–	0.82%	–
GNTX	New	GENTEX CORP COM	$1,716,000	–	90,474	–	0.81%	–
MD	New	MEDNAX INC COM	$1,714,000	–	28,384	–	0.81%	–
LABL	New	MULTI COLOR CORP COM	$1,606,000	–	19,683	–	0.76%	–
ECL	New	ECOLAB INC COM	$1,575,000	–	11,865	–	0.74%	–
SYNA	New	SYNAPTICS INC COM	$1,572,000	–	30,409	–	0.74%	–
INGN	New	INOGEN INC COM	$1,567,000	–	16,419	–	0.74%	–
AMZN	New	AMAZON COM INC COM	$1,562,000	–	1,614	–	0.73%	–
DLTR	New	DOLLAR TREE INC COM	$1,552,000	–	22,198	–	0.73%	–
GILD	New	GILEAD SCIENCES INC COM	$1,530,000	–	21,615	–	0.72%	–
MMM	New	3M CO COM	$1,467,000	–	7,045	–	0.69%	–
ISRG	New	INTUITIVE SURGICAL INC COM NEW	$1,453,000	–	1,553	–	0.68%	–
TROW	New	PRICE T ROWE GROUP INC COM	$1,415,000	–	19,068	–	0.66%	–
AMBA	New	AMBARELLA INC SHS	$1,414,000	–	29,122	–	0.66%	–
FAST	New	FASTENAL CO COM	$1,410,000	–	32,397	–	0.66%	–
TVTY	New	TIVITY HEALTH INC COM	$1,399,000	–	35,118	–	0.66%	–
CSCO	New	CISCO SYS INC COM	$1,381,000	–	44,119	–	0.65%	–
DRH	New	DIAMONDROCK HOSPITALITY CO COM	$1,340,000	–	122,335	–	0.63%	–
WSM	New	WILLIAMS SONOMA INC COM	$1,317,000	–	27,155	–	0.62%	–
BECN	New	BEACON ROOFING SUPPLY INC COM	$1,312,000	–	26,782	–	0.62%	–
INT	New	WORLD FUEL SVCS CORP COM	$1,292,000	–	33,598	–	0.61%	–
CSGP	New	COSTAR GROUP INC COM	$1,210,000	–	4,592	–	0.57%	–
DHR	New	DANAHER CORP DEL COM	$1,183,000	–	14,014	–	0.56%	–
PRLB	New	PROTO LABS INC COM	$1,174,000	–	17,460	–	0.55%	–
BLKB	New	BLACKBAUD INC COM	$1,150,000	–	13,411	–	0.54%	–
FOXF	New	FOX FACTORY HLDG CORP COM	$1,125,000	–	31,605	–	0.53%	–
ECOL	New	US ECOLOGY INC COM	$1,124,000	–	22,251	–	0.53%	–
VDSI	New	VASCO DATA SEC INTL INC COM	$1,080,000	–	75,250	–	0.51%	–
AVD	New	AMERICAN VANGUARD CORP COM	$1,036,000	–	60,052	–	0.49%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLASS A	$1,029,000	–	8,320	–	0.48%	–
EVH	New	EVOLENT HEALTH INC CL Acl a	$1,011,000	–	39,866	–	0.48%	–
ATRI	New	ATRION CORP COM	$1,007,000	–	1,566	–	0.47%	–
HMSY	New	HMS HLDGS CORP COM	$923,000	–	49,911	–	0.43%	–
USB	New	US BANCORP DEL COM NEW	$922,000	–	17,758	–	0.43%	–
VRSK	New	VERISK ANALYTICS INC COM	$886,000	–	10,503	–	0.42%	–
LRCX	New	LAM RESEARCH CORP COM	$849,000	–	6,000	–	0.40%	–
NFLX	New	NETFLIX INC COM	$847,000	–	5,672	–	0.40%	–
TSCO	New	TRACTOR SUPPLY CO COM	$831,000	–	15,332	–	0.39%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC COM	$827,000	–	15,893	–	0.39%	–
WMT	New	WAL-MART STORES INC COM	$771,000	–	10,187	–	0.36%	–
CF	New	CF INDS HLDGS INC COM	$768,000	–	27,472	–	0.36%	–
VTNR	New	VERTEX ENERGY INC COM	$752,000	–	703,177	–	0.35%	–
MTSC	New	MTS SYS CORP COM	$733,000	–	14,156	–	0.34%	–
NNBR	New	NN INC COM	$710,000	–	25,881	–	0.33%	–
ORBK	New	ORBOTECH LTD ORDord	$705,000	–	21,600	–	0.33%	–
WBT	New	WELBILT INC COM	$700,000	–	37,142	–	0.33%	–
SLAB	New	SILICON LABORATORIES INC COM	$675,000	–	9,877	–	0.32%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRANC COM	$663,000	–	4,911	–	0.31%	–
SNA	New	SNAP ON INC COM	$659,000	–	4,170	–	0.31%	–
GRUB	New	GRUBHUB INC COM	$649,000	–	14,879	–	0.30%	–
TYPE	New	MONOTYPE IMAGING HOLDINGS INC COM	$649,000	–	35,477	–	0.30%	–
XOM	New	EXXON MOBIL CORP COM	$639,000	–	7,915	–	0.30%	–
SHPG	New	SHIRE PLC SPONSORED ADRsponsored adr	$635,000	–	3,843	–	0.30%	–
STMP	New	STAMPS COM INC COM NEW	$634,000	–	4,092	–	0.30%	–
PAYX	New	PAYCHEX INC COM	$629,000	–	11,042	–	0.30%	–
SBUX	New	STARBUCKS CORP COM	$628,000	–	10,770	–	0.30%	–
BL	New	BLACKLINE INC COM	$615,000	–	17,214	–	0.29%	–
TDY	New	TELEDYNE TECHNOLOGIES INC COM	$600,000	–	4,700	–	0.28%	–
ALRM	New	ALARM COM HLDGS INC COM	$591,000	–	15,697	–	0.28%	–
SSTK	New	SHUTTERSTOCK INC COM	$557,000	–	12,636	–	0.26%	–
MCO	New	MOODYS CORP COM	$550,000	–	4,516	–	0.26%	–
KRE	New	SPDR S&P REGIONAL BANKING ETFs&p regl bkg	$550,000	–	10,000	–	0.26%	–
AXON	New	AXON ENTERPRISE INC COM	$547,000	–	21,774	–	0.26%	–
SLB	New	SCHLUMBERGER LTD COM	$535,000	–	8,119	–	0.25%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC COM	$531,000	–	1,275	–	0.25%	–
TXMD	New	THERAPEUTICSMD INC COM	$528,000	–	100,109	–	0.25%	–
KRNT	New	KORNIT DIGITAL LTD SHS	$526,000	–	27,160	–	0.25%	–
ENS	New	ENERSYS COM	$524,000	–	7,235	–	0.25%	–
BA	New	BOEING CO COM	$516,000	–	2,610	–	0.24%	–
EPAM	New	EPAM SYS INC COM	$515,000	–	6,129	–	0.24%	–
GIMO	New	GIGAMON INC COM	$513,000	–	13,048	–	0.24%	–
MCD	New	MCDONALDS CORP COM	$497,000	–	3,248	–	0.23%	–
TWNK	New	HOSTESS BRANDS INC CL Acl a	$493,000	–	30,595	–	0.23%	–
BDX	New	BECTON DICKINSON & CO COM	$488,000	–	2,500	–	0.23%	–
REI	New	RING ENERGY INC COM	$477,000	–	36,693	–	0.22%	–
ABM	New	ABM INDS INC COM	$471,000	–	11,353	–	0.22%	–
PG	New	PROCTER AND GAMBLE CO COM	$446,000	–	5,123	–	0.21%	–
FTV	New	FORTIVE CORP COM	$443,000	–	6,998	–	0.21%	–
WLH	New	LYON WILLIAM HOMES CL A NEWcl a new	$429,000	–	17,781	–	0.20%	–
PFE	New	PFIZER INC COM	$422,000	–	12,568	–	0.20%	–
DLTH	New	DULUTH HLDGS INC COM CL B	$416,000	–	22,840	–	0.20%	–
EMR	New	EMERSON ELEC CO COM	$410,000	–	6,885	–	0.19%	–
PETX	New	ARATANA THERAPEUTICS INC COM	$404,000	–	55,941	–	0.19%	–
AFHIF	New	ATLAS FINANCIAL HOLDINGS INC SHS NEW	$403,000	–	27,043	–	0.19%	–
RVT	New	ROYCE VALUE TR INC COM	$394,000	–	27,027	–	0.18%	–
UPS	New	UNITED PARCEL SERVICE INC CL Bcl b	$392,000	–	3,543	–	0.18%	–
ASTE	New	ASTEC INDS INC COM	$373,000	–	6,720	–	0.18%	–
JNJ	New	JOHNSON & JOHNSON COM	$359,000	–	2,711	–	0.17%	–
	New	PORTFOLIO RECOVERY ASSOCS INC 3 08/01/2020note 3.000% 8/0	$360,000	–	377,000	–	0.17%	–
WETF	New	WISDOMTREE INVTS INC COM	$360,000	–	35,378	–	0.17%	–
SLP	New	SIMULATIONS PLUS INC COM	$350,000	–	28,324	–	0.16%	–
MRK	New	MERCK & CO INC COM	$347,000	–	5,420	–	0.16%	–
QUOT	New	QUOTIENT TECHNOLOGY INC COM	$331,000	–	28,809	–	0.16%	–
SYY	New	SYSCO CORP COM	$323,000	–	6,425	–	0.15%	–
INTC	New	INTEL CORP COM	$317,000	–	9,398	–	0.15%	–
FOGO	New	FOGO DE CHAO INC COM	$286,000	–	20,547	–	0.13%	–
EXA	New	EXA CORP COM	$263,000	–	19,023	–	0.12%	–
XON	New	INTREXON CORP COM	$235,000	–	9,741	–	0.11%	–
NSC	New	NORFOLK SOUTHERN CORP COM	$226,000	–	1,861	–	0.11%	–
CAT	New	CATERPILLAR INC DEL COM	$217,000	–	2,021	–	0.10%	–
IVV	New	ISHARES CORE S&P 500 ETFcore s&p500 etf	$202,000	–	828	–	0.10%	–
CGIPQ	New	CELADON GROUP INC COM	$188,000	–	59,757	–	0.09%	–
	New	BLACKROCK CAPITAL INVESTMENT C 5.5 02/15/2018note 5.500% 2/1	$82,000	–	80,000	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
O	Exit	REALTY INCOME	$0	–	-3,050	–	-0.10%	–
IVV	Exit	ISHARES S&P 500 INDEXcore s&p500 etf	$0	–	-951	–	-0.10%	–
FOGO	Exit	FOGO DE CHAO	$0	–	-20,149	–	-0.10%	–
SYNL	Exit	SYNALLOY	$0	–	-23,899	–	-0.11%	–
APA	Exit	APACHE	$0	–	-3,600	–	-0.11%	–
SLP	Exit	SIMULATIONS PLUS	$0	–	-27,869	–	-0.12%	–
WMT	Exit	WAL-MART STORES	$0	–	-3,549	–	-0.12%	–
SYY	Exit	SYSCO	$0	–	-5,350	–	-0.13%	–
EQT	Exit	EQT CORP	$0	–	-3,600	–	-0.13%	–
XON	Exit	INTREXON	$0	–	-9,592	–	-0.13%	–
GOOG	Exit	ALPHABETcap stk cl c	$0	–	-351	–	-0.13%	–
EXA	Exit	EXA CORP	$0	–	-18,627	–	-0.15%	–
BCOV	Exit	BRIGHTCOVE	$0	–	-23,855	–	-0.15%	–
WLH	Exit	LYON WILLIAM HOMEScl a new	$0	–	-17,612	–	-0.16%	–
UPS	Exit	UNITED PARCEL SERVICEcl b	$0	–	-3,057	–	-0.16%	–
	Exit	PORTFOLIO RECOVERY ASSOCSnote 3.000% 8/0	$0	–	-377,000	–	-0.17%	–
RVT	Exit	ROYCE VALUE TRUST	$0	–	-27,027	–	-0.17%	–
FTV	Exit	FORTIVE CORP	$0	–	-7,013	–	-0.18%	–
WETF	Exit	WISDOMTREE INVESTMENTS	$0	–	-34,829	–	-0.18%	–
VASC	Exit	VASCULAR SOLUTIONS	$0	–	-7,652	–	-0.18%	–
AIRM	Exit	AIR METHODS	$0	–	-11,717	–	-0.18%	–
KHC	Exit	KRAFT HEINZ	$0	–	-4,192	–	-0.18%	–
STMP	Exit	STAMPS.COM	$0	–	-4,048	–	-0.19%	–
EPAM	Exit	EPAM SYSTEMS	$0	–	-6,048	–	-0.20%	–
MDLZ	Exit	MONDELEZ INTLcl a	$0	–	-10,000	–	-0.22%	–
NNBR	Exit	NN INC	$0	–	-25,340	–	-0.23%	–
ENS	Exit	ENERSYS	$0	–	-7,126	–	-0.24%	–
TVIAQ	Exit	TERRAVIA HOLDINGS	$0	–	-180,740	–	-0.24%	–
PETX	Exit	ARATANA THERAPEUTICS	$0	–	-53,672	–	-0.25%	–
TDY	Exit	TELEDYNE TECHNOLOGIES	$0	–	-4,652	–	-0.25%	–
MCO	Exit	MOODYS	$0	–	-4,730	–	-0.25%	–
CGIPQ	Exit	CELADON GROUP	$0	–	-58,809	–	-0.25%	–
PNC	Exit	PNC FINL SERVICES GROUP	$0	–	-6,040	–	-0.27%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-4,636	–	-0.27%	–
NFLX	Exit	NETFLIX	$0	–	-5,672	–	-0.27%	–
SLAB	Exit	SILICON LABORATORIES	$0	–	-9,706	–	-0.28%	–
SNA	Exit	SNAP ON	$0	–	-3,792	–	-0.28%	–
MFS	Exit	MANITOWOC FOODSERVICE	$0	–	-36,392	–	-0.29%	–
PPG	Exit	PPG INDUSTRIES	$0	–	-5,800	–	-0.29%	–
PAYX	Exit	PAYCHEX	$0	–	-10,409	–	-0.30%	–
GRUB	Exit	GRUBHUB	$0	–	-14,565	–	-0.31%	–
MTSC	Exit	MTS SYSTEMS	$0	–	-13,874	–	-0.31%	–
BDX	Exit	BECTON DICKINSON	$0	–	-3,610	–	-0.32%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-22,000	–	-0.32%	–
ATRI	Exit	ATRION	$0	–	-1,544	–	-0.32%	–
NVO	Exit	NOVO-NORDISKadr	$0	–	-16,044	–	-0.33%	–
ESLT	Exit	ELBIT SYSTEMS LTDord	$0	–	-7,000	–	-0.33%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-12,485	–	-0.33%	–
LLTC	Exit	LINEAR TECHNOLOGY	$0	–	-11,500	–	-0.33%	–
CF	Exit	CF INDUSTRIES	$0	–	-28,902	–	-0.34%	–
FOXF	Exit	FOX FACTORY HOLDINGS	$0	–	-31,136	–	-0.35%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRANCE	$0	–	-5,035	–	-0.35%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-3,833	–	-0.36%	–
TYPE	Exit	MONOTYPE IMAGING HOLDINGS	$0	–	-34,922	–	-0.38%	–
IXYS	Exit	IXYS	$0	–	-64,152	–	-0.38%	–
USB	Exit	US BANCORP	$0	–	-18,192	–	-0.38%	–
PEP	Exit	PEPSICO	$0	–	-7,183	–	-0.38%	–
BCR	Exit	BARD C R	$0	–	-3,500	–	-0.38%	–
SSTK	Exit	SHUTTERSTOCK	$0	–	-12,387	–	-0.39%	–
VTNR	Exit	VERTEX ENERGY	$0	–	-698,332	–	-0.39%	–
XTLY	Exit	XACTLY	$0	–	-54,776	–	-0.40%	–
LOW	Exit	LOWES COS	$0	–	-11,365	–	-0.40%	–
INOV	Exit	INOVALON HOLDINGS	$0	–	-56,167	–	-0.40%	–
MCD	Exit	MCDONALDS	$0	–	-7,246	–	-0.41%	–
LRCX	Exit	LAM RESEARCH	$0	–	-9,000	–	-0.42%	–
BLKB	Exit	BLACKBAUD	$0	–	-13,217	–	-0.43%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-18,800	–	-0.44%	–
ABCO	Exit	ADVISORY BOARD	$0	–	-20,461	–	-0.45%	–
AVD	Exit	AMERICAN VANGUARD	$0	–	-58,840	–	-0.46%	–
INGN	Exit	INOGEN	$0	–	-16,094	–	-0.47%	–
ECOL	Exit	US ECOLOGY	$0	–	-21,809	–	-0.48%	–
CSGP	Exit	COSTAR GROUP	$0	–	-4,662	–	-0.49%	–
SMG	Exit	SCOTTS MIRACLE GROcl a	$0	–	-12,159	–	-0.50%	–
PG	Exit	PROCTER AND GAMBLE	$0	–	-11,288	–	-0.50%	–
TSCO	Exit	TRACTOR SUPPLY	$0	–	-15,067	–	-0.50%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-13,129	–	-0.50%	–
DRH	Exit	DIAMONDROCK HOSPITALITY	$0	–	-116,727	–	-0.52%	–
HMSY	Exit	HMS HOLDINGS	$0	–	-48,905	–	-0.53%	–
DHR	Exit	DANAHER	$0	–	-14,042	–	-0.54%	–
BECN	Exit	BEACON ROOFING SUPPLY	$0	–	-26,273	–	-0.54%	–
ST	Exit	SENSATA TECHNOLOGIES	$0	–	-28,827	–	-0.55%	–
VRSK	Exit	VERISK ANALYTICS	$0	–	-14,133	–	-0.56%	–
ADS	Exit	ALLIANCE DATA SYSTEMS	$0	–	-5,554	–	-0.58%	–
LABL	Exit	MULTI COLOR	$0	–	-19,346	–	-0.62%	–
VLO	Exit	VALERO ENERGY	$0	–	-24,455	–	-0.63%	–
VDSI	Exit	VASCO DATA SECURITY	$0	–	-73,744	–	-0.64%	–
AMZN	Exit	AMAZON	$0	–	-1,617	–	-0.66%	–
WSM	Exit	WILLIAMS SONOMA	$0	–	-27,528	–	-0.69%	–
TROW	Exit	PRICE T ROWE GROUP	$0	–	-21,829	–	-0.71%	–
DCI	Exit	DONALDSON	$0	–	-39,586	–	-0.72%	–
INTU	Exit	INTUIT	$0	–	-14,420	–	-0.78%	–
EXAS	Exit	EXACT SCIENCES	$0	–	-85,897	–	-0.78%	–
ORCL	Exit	ORACLE	$0	–	-41,713	–	-0.80%	–
SYNA	Exit	SYNAPTICS	$0	–	-28,045	–	-0.80%	–
DLTR	Exit	DOLLAR TREE	$0	–	-20,888	–	-0.81%	–
TECH	Exit	BIO TECHNE	$0	–	-15,467	–	-0.83%	–
DIS	Exit	WALT DISNEY	$0	–	-18,949	–	-0.86%	–
PNR	Exit	PENTAIR PLC	$0	–	-27,883	–	-0.88%	–
CELG	Exit	CELGENE	$0	–	-17,260	–	-0.88%	–
FAST	Exit	FASTENAL	$0	–	-43,445	–	-0.89%	–
WSO	Exit	WATSCO	$0	–	-12,981	–	-0.90%	–
TOL	Exit	TOLL BROTHERS	$0	–	-62,475	–	-0.91%	–
T	Exit	AT&T	$0	–	-46,115	–	-0.92%	–
HBI	Exit	HANESBRANDS	$0	–	-74,743	–	-0.92%	–
GOOGL	Exit	ALPHABETcap stk cl a	$0	–	-2,349	–	-0.92%	–
MMM	Exit	3M	$0	–	-10,726	–	-0.92%	–
LKQ	Exit	LKQ CORP	$0	–	-54,563	–	-0.95%	–
INT	Exit	WORLD FUEL SERVICES	$0	–	-42,386	–	-0.96%	–
AAP	Exit	ADVANCE AUTO PARTS	$0	–	-13,764	–	-1.00%	–
HCCI	Exit	HERITAGE CRYSTAL CLEAN	$0	–	-155,431	–	-1.01%	–
HOG	Exit	HARLEY DAVIDSON	$0	–	-39,820	–	-1.02%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-26,075	–	-1.03%	–
FDX	Exit	FEDEX	$0	–	-12,050	–	-1.03%	–
AMBA	Exit	AMBARELLA	$0	–	-28,934	–	-1.04%	–
KNX	Exit	KNIGHT TRANSPORTATION	$0	–	-75,718	–	-1.06%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-25,248	–	-1.07%	–
AAPL	Exit	APPLE	$0	–	-19,435	–	-1.08%	–
COF	Exit	CAPITAL ONE FINANCIAL	$0	–	-30,683	–	-1.08%	–
ECL	Exit	ECOLAB	$0	–	-18,116	–	-1.08%	–
CBRE	Exit	CBRE GROUPcl a	$0	–	-79,572	–	-1.09%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-28,567	–	-1.11%	–
D	Exit	DOMINION RESOURCES	$0	–	-30,607	–	-1.11%	–
CERN	Exit	CERNER	$0	–	-37,456	–	-1.13%	–
FISV	Exit	FISERV	$0	–	-23,739	–	-1.16%	–
HCP	Exit	HCP INC	$0	–	-66,467	–	-1.24%	–
SYK	Exit	STRYKER	$0	–	-22,384	–	-1.28%	–
PRLB	Exit	PROTO LABS	$0	–	-43,532	–	-1.28%	–
V	Exit	VISA	$0	–	-32,442	–	-1.31%	–
GNTX	Exit	GENTEX	$0	–	-153,575	–	-1.32%	–
BRKB	Exit	BERKSHIRE HATHAWAYcl b new	$0	–	-18,942	–	-1.34%	–
WHR	Exit	WHIRLPOOL	$0	–	-17,679	–	-1.40%	–
XOM	Exit	EXXON MOBIL	$0	–	-32,994	–	-1.41%	–
ISRG	Exit	INTUITIVE SURGICAL	$0	–	-3,985	–	-1.41%	–
LH	Exit	LABORATORY CORP	$0	–	-21,131	–	-1.42%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP	$0	–	-75,559	–	-1.46%	–
KMX	Exit	CARMAX	$0	–	-61,777	–	-1.61%	–
CVX	Exit	CHEVRON	$0	–	-32,693	–	-1.65%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-113,889	–	-1.65%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-59,952	–	-1.95%	–
BSFT	Exit	BROADSOFT	$0	–	-98,739	–	-2.25%	–
MNR	Exit	MONMOUTH REAL ESTATEcl a	$0	–	-423,864	–	-2.96%	–
CPRT	Exit	COPART	$0	–	-115,459	–	-3.03%	–
MKL	Exit	MARKEL	$0	–	-7,261	–	-3.30%	–
PRAA	Exit	PRA GROUP	$0	–	-204,093	–	-3.45%	–

Q3 2016

			Value		Shares		↓ Weighting
PRAA	Sell	PRA GROUP	$7,049,000	+42.3%	204,093	-0.5%	3.45%	+39.8%
MKL	Buy	MARKEL	$6,744,000	-1.3%	7,261	+1.3%	3.30%	-3.0%
CPRT	Sell	COPART	$6,184,000	+8.7%	115,459	-0.5%	3.03%	+6.8%
MNR	Buy	MONMOUTH REAL ESTATEcl a	$6,049,000	+7.9%	423,864	+0.2%	2.96%	+6.0%
BSFT	Sell	BROADSOFT	$4,596,000	+12.9%	98,739	-0.5%	2.25%	+10.9%
JPM	Buy	JPMORGAN CHASE & CO	$3,992,000	+7.5%	59,952	+0.3%	1.95%	+5.6%
GE	Sell	GENERAL ELECTRIC	$3,373,000	-6.1%	113,889	-0.3%	1.65%	-7.8%
CVX	Sell	CHEVRON	$3,365,000	-1.8%	32,693	-0.0%	1.65%	-3.6%
KMX	Buy	CARMAX	$3,296,000	+9.3%	61,777	+0.5%	1.61%	+7.4%
HCSG	Buy	HEALTHCARE SERVICES GROUP	$2,991,000	-4.3%	75,559	+0.0%	1.46%	-6.0%
LH	Buy	LABORATORY CORP	$2,905,000	+13.4%	21,131	+7.5%	1.42%	+11.4%
ISRG	Sell	INTUITIVE SURGICAL	$2,888,000	+8.8%	3,985	-0.7%	1.41%	+7.0%
XOM	Buy	EXXON MOBIL	$2,880,000	-5.0%	32,994	+2.1%	1.41%	-6.6%
WHR	Sell	WHIRLPOOL	$2,867,000	-24.2%	17,679	-22.1%	1.40%	-25.6%
BRKB	Sell	BERKSHIRE HATHAWAYcl b new	$2,737,000	-0.5%	18,942	-0.3%	1.34%	-2.3%
GNTX	Sell	GENTEX	$2,697,000	+11.2%	153,575	-2.2%	1.32%	+9.2%
V	Buy	VISA	$2,683,000	+11.6%	32,442	+0.1%	1.31%	+9.6%
PRLB	Buy	PROTO LABS	$2,608,000	+5.0%	43,532	+0.9%	1.28%	+3.2%
SYK	Sell	STRYKER	$2,606,000	-3.5%	22,384	-0.7%	1.28%	-5.1%
HCP	Buy	HCP INC	$2,522,000	+13.6%	66,467	+5.9%	1.24%	+11.7%
FISV	Sell	FISERV	$2,361,000	-9.0%	23,739	-0.5%	1.16%	-10.6%
CERN	Buy	CERNER	$2,313,000	+5.8%	37,456	+0.4%	1.13%	+3.9%
D	Sell	DOMINION RESOURCES	$2,273,000	-5.4%	30,607	-0.8%	1.11%	-7.1%
GILD	Sell	GILEAD SCIENCES	$2,260,000	-5.5%	28,567	-0.4%	1.11%	-7.2%
CBRE	Buy	CBRE GROUPcl a	$2,226,000	+18.1%	79,572	+11.8%	1.09%	+16.1%
COF	Sell	CAPITAL ONE FINANCIAL	$2,204,000	+3.8%	30,683	-8.2%	1.08%	+2.0%
ECL	Sell	ECOLAB	$2,205,000	+2.4%	18,116	-0.2%	1.08%	+0.6%
AAPL	Buy	APPLE	$2,197,000	+20.4%	19,435	+1.9%	1.08%	+18.3%
MDT	Sell	MEDTRONIC PLC	$2,181,000	-1.4%	25,248	-0.9%	1.07%	-3.1%
KNX	Sell	KNIGHT TRANSPORTATION	$2,172,000	+6.5%	75,718	-1.3%	1.06%	+4.6%
FDX	Buy	FEDEX	$2,105,000	+44.4%	12,050	+25.5%	1.03%	+41.9%
WBA	Sell	WALGREENS BOOTS ALLIANCE	$2,102,000	-3.7%	26,075	-0.5%	1.03%	-5.3%
HCCI	Buy	HERITAGE CRYSTAL CLEAN	$2,064,000	+8.9%	155,431	+0.2%	1.01%	+7.0%
AAP	Sell	ADVANCE AUTO PARTS	$2,052,000	-8.0%	13,764	-0.2%	1.00%	-9.5%
INT	Sell	WORLD FUEL SERVICES	$1,961,000	-3.3%	42,386	-0.7%	0.96%	-5.0%
GOOGL	Buy	ALPHABETcap stk cl a	$1,889,000	+15.0%	2,349	+0.6%	0.92%	+13.1%
MMM	Sell	3M	$1,890,000	-0.3%	10,726	-0.9%	0.92%	-2.1%
HBI	Sell	HANESBRANDS	$1,887,000	-0.9%	74,743	-1.4%	0.92%	-2.6%
T	Sell	AT&T	$1,873,000	-6.7%	46,115	-0.8%	0.92%	-8.4%
TOL	Buy	TOLL BROTHERS	$1,866,000	+58.0%	62,475	+42.3%	0.91%	+55.3%
WSO	Sell	WATSCO	$1,829,000	-0.1%	12,981	-0.2%	0.90%	-1.9%
FAST	Buy	FASTENAL	$1,815,000	+7.3%	43,445	+14.0%	0.89%	+5.3%
CELG	Buy	CELGENE	$1,804,000	+37.8%	17,260	+30.1%	0.88%	+35.4%
PNR	Sell	PENTAIR PLC	$1,791,000	+10.1%	27,883	-0.0%	0.88%	+8.3%
DIS	New	WALT DISNEY	$1,760,000	–	18,949	–	0.86%	–
TECH	Sell	BIO TECHNE	$1,694,000	-3.9%	15,467	-1.1%	0.83%	-5.6%
DLTR	Sell	DOLLAR TREE	$1,649,000	-16.6%	20,888	-0.5%	0.81%	-18.2%
SYNA	Buy	SYNAPTICS	$1,643,000	+18.3%	28,045	+8.5%	0.80%	+16.2%
ORCL	Buy	ORACLE	$1,638,000	-3.4%	41,713	+0.7%	0.80%	-5.1%
EXAS	Buy	EXACT SCIENCES	$1,595,000	+52.2%	85,897	+0.4%	0.78%	+49.6%
INTU	Buy	INTUIT	$1,586,000	-1.1%	14,420	+0.4%	0.78%	-2.9%
DCI	Sell	DONALDSON	$1,478,000	+5.7%	39,586	-2.7%	0.72%	+3.9%
TROW	Sell	PRICE T ROWE GROUP	$1,452,000	-36.1%	21,829	-29.9%	0.71%	-37.2%
WSM	Buy	WILLIAMS SONOMA	$1,406,000	-1.3%	27,528	+0.7%	0.69%	-3.1%
AMZN	Buy	AMAZON	$1,354,000	+20.8%	1,617	+3.3%	0.66%	+18.6%
VDSI	Sell	VASCO DATA SECURITY	$1,299,000	+7.4%	73,744	-0.1%	0.64%	+5.5%
VLO	Sell	VALERO ENERGY	$1,296,000	-28.2%	24,455	-31.0%	0.63%	-29.6%
ADS	New	ALLIANCE DATA SYSTEMS	$1,191,000	–	5,554	–	0.58%	–
VRSK	Sell	VERISK ANALYTICS	$1,149,000	+0.1%	14,133	-0.2%	0.56%	-1.7%
ST	Buy	SENSATA TECHNOLOGIES	$1,118,000	+11.8%	28,827	+0.6%	0.55%	+9.8%
DHR	Sell	DANAHER	$1,101,000	-22.8%	14,042	-0.5%	0.54%	-24.2%
DRH	Sell	DIAMONDROCK HOSPITALITY	$1,062,000	+0.1%	116,727	-0.7%	0.52%	-1.7%
SLB	Sell	SCHLUMBERGER LTD	$1,032,000	-1.1%	13,129	-0.5%	0.50%	-2.9%
TSCO	Buy	TRACTOR SUPPLY	$1,015,000	-5.6%	15,067	+27.8%	0.50%	-7.3%
PG	Buy	PROCTER AND GAMBLE	$1,013,000	+8.3%	11,288	+2.3%	0.50%	+6.4%
ABCO	Buy	ADVISORY BOARD	$915,000	+26.9%	20,461	+0.5%	0.45%	+24.8%
CHD	Buy	CHURCH & DWIGHT	$901,000	-6.8%	18,800	+100.0%	0.44%	-8.5%
INOV	Sell	INOVALON HOLDINGS	$826,000	-60.7%	56,167	-51.8%	0.40%	-61.4%
LOW	Buy	LOWES COS	$821,000	-1.8%	11,365	+7.6%	0.40%	-3.6%
VTNR	Buy	VERTEX ENERGY	$803,000	-12.9%	698,332	+0.8%	0.39%	-14.4%
USB	Sell	US BANCORP	$780,000	-39.8%	18,192	-43.3%	0.38%	-40.8%
TYPE	Sell	MONOTYPE IMAGING HOLDINGS	$772,000	-10.3%	34,922	-0.1%	0.38%	-11.9%
IXYS	Buy	IXYS	$773,000	+18.2%	64,152	+0.5%	0.38%	+16.0%
SHPG	Buy	SHIRE PLCsponsored adr	$743,000	+6.0%	3,833	+0.7%	0.36%	+4.3%
IFF	Sell	INTERNATIONAL FLAVORS & FRAGRANCE	$720,000	+12.7%	5,035	-0.6%	0.35%	+10.7%
CF	Sell	CF INDUSTRIES	$704,000	+0.1%	28,902	-0.9%	0.34%	-1.4%
LLTC	Sell	LINEAR TECHNOLOGY	$682,000	-11.5%	11,500	-30.6%	0.33%	-13.0%
EMR	Sell	EMERSON ELECTRIC	$681,000	+2.7%	12,485	-1.8%	0.33%	+0.9%
MTSC	Sell	MTS SYSTEMS	$639,000	+5.1%	13,874	-0.0%	0.31%	+3.3%
MFS	New	MANITOWOC FOODSERVICE	$590,000	–	36,392	–	0.29%	–
SNA	Buy	SNAP ON	$576,000	0.0%	3,792	+4.0%	0.28%	-1.7%
NFLX	New	NETFLIX	$559,000	–	5,672	–	0.27%	–
JNJ	Sell	JOHNSON & JOHNSON	$548,000	-6.2%	4,636	-3.6%	0.27%	-7.9%
CGIPQ	Sell	CELADON GROUP	$514,000	+6.9%	58,809	-0.1%	0.25%	+5.0%
PETX	Buy	ARATANA THERAPEUTICS	$502,000	+48.5%	53,672	+0.4%	0.25%	+46.4%
TDY	Buy	TELEDYNE TECHNOLOGIES	$502,000	+9.4%	4,652	+0.5%	0.25%	+7.4%
TVIAQ	Buy	TERRAVIA HOLDINGS	$497,000	+5.5%	180,740	+0.6%	0.24%	+3.4%
ENS	Sell	ENERSYS	$493,000	-73.3%	7,126	-77.0%	0.24%	-73.8%
EPAM	Buy	EPAM SYSTEMS	$419,000	+8.3%	6,048	+0.6%	0.20%	+6.2%
STMP	Buy	STAMPS.COM	$383,000	+8.8%	4,048	+0.5%	0.19%	+6.9%
AIRM	Buy	AIR METHODS	$369,000	-11.7%	11,717	+0.5%	0.18%	-13.0%
FTV	New	FORTIVE CORP	$357,000	–	7,013	–	0.18%	–
WETF	Sell	WISDOMTREE INVESTMENTS	$358,000	+5.0%	34,829	-0.1%	0.18%	+2.9%
WLH	Buy	LYON WILLIAM HOMEScl a new	$327,000	+15.5%	17,612	+0.5%	0.16%	+13.5%
BCOV	New	BRIGHTCOVE	$311,000	–	23,855	–	0.15%	–
XON	Buy	INTREXON	$269,000	+14.5%	9,592	+0.5%	0.13%	+12.8%
WMT	Buy	WAL-MART STORES	$256,000	+1.6%	3,549	+3.0%	0.12%	-0.8%
SLP	Buy	SIMULATIONS PLUS	$246,000	+17.1%	27,869	+0.5%	0.12%	+14.3%
APA	New	APACHE	$230,000	–	3,600	–	0.11%	–
SYNL	Sell	SYNALLOY	$227,000	-53.5%	23,899	-62.5%	0.11%	-54.3%
FOGO	Sell	FOGO DE CHAO	$213,000	-19.6%	20,149	-0.5%	0.10%	-21.2%
IVV	New	ISHARES S&P 500 INDEXcore s&p500 etf	$207,000	–	951	–	0.10%	–
BBBY	Exit	BED BATH & BEYOND	$0	–	-5,000	–	-0.11%	–
FLO	Exit	FLOWERS FOODS	$0	–	-13,000	–	-0.12%	–
ICON	Exit	ICONIX BRAND GROUP	$0	–	-49,913	–	-0.17%	–
DTSI	Exit	DTS INC	$0	–	-15,473	–	-0.20%	–
MDVN	Exit	MEDIVATION	$0	–	-18,788	–	-0.56%	–
GS	Exit	GOLDMAN SACHS GROUP	$0	–	-8,032	–	-0.59%	–
CE	Exit	CELANESE CORP	$0	–	-26,691	–	-0.87%	–
HELE	Exit	HELEN OF TROY	$0	–	-18,906	–	-0.97%	–

Q2 2016

			Value		Shares		↓ Weighting
MKL	New	MARKEL	$6,830,000	–	7,169	–	3.40%	–
CPRT	New	COPART	$5,688,000	–	116,058	–	2.83%	–
MNR	New	MONMOUTH REAL ESTATEcl a	$5,607,000	–	422,868	–	2.79%	–
PRAA	New	PRA GROUP	$4,954,000	–	205,220	–	2.47%	–
BSFT	New	BROADSOFT	$4,072,000	–	99,250	–	2.03%	–
WHR	New	WHIRLPOOL	$3,784,000	–	22,708	–	1.89%	–
JPM	New	JPMORGAN CHASE & CO	$3,713,000	–	59,754	–	1.85%	–
GE	New	GENERAL ELECTRIC	$3,594,000	–	114,180	–	1.79%	–
CVX	New	CHEVRON	$3,428,000	–	32,700	–	1.71%	–
HCSG	New	HEALTHCARE SVCS GROUP	$3,126,000	–	75,545	–	1.56%	–
XOM	New	EXXON MOBIL	$3,031,000	–	32,330	–	1.51%	–
KMX	New	CARMAX	$3,015,000	–	61,499	–	1.50%	–
BRKB	New	BERKSHIRE HATHAWAYcl b	$2,751,000	–	19,003	–	1.37%	–
SYK	New	STRYKER	$2,700,000	–	22,536	–	1.34%	–
ISRG	New	INTUITIVE SURGICAL	$2,654,000	–	4,013	–	1.32%	–
FISV	New	FISERV	$2,595,000	–	23,866	–	1.29%	–
LH	New	LABORATORY CORP	$2,562,000	–	19,665	–	1.28%	–
PRLB	New	PROTO LABS	$2,483,000	–	43,141	–	1.24%	–
GNTX	New	GENTEX	$2,426,000	–	157,035	–	1.21%	–
D	New	DOMINION RESOURCES	$2,404,000	–	30,848	–	1.20%	–
V	New	VISAcl a	$2,405,000	–	32,422	–	1.20%	–
GILD	New	GILEAD SCIENCES	$2,392,000	–	28,672	–	1.19%	–
TROW	New	PRICE T ROWE GROUP	$2,271,000	–	31,122	–	1.13%	–
AAP	New	ADVANCE AUTO PARTS	$2,230,000	–	13,795	–	1.11%	–
HCP	New	HCP INC	$2,220,000	–	62,749	–	1.11%	–
MDT	New	MEDTRONIC PLC	$2,211,000	–	25,477	–	1.10%	–
CERN	New	CERNER	$2,187,000	–	37,321	–	1.09%	–
WBA	New	WALGREENS BOOTS ALLIANCE	$2,182,000	–	26,209	–	1.09%	–
ECL	New	ECOLAB	$2,153,000	–	18,156	–	1.07%	–
COF	New	CAPITAL ONE	$2,124,000	–	33,438	–	1.06%	–
INOV	New	INOVALON HLDGScl a	$2,100,000	–	116,576	–	1.05%	–
KNX	New	KNIGHT TRANSPORTATION	$2,039,000	–	76,718	–	1.02%	–
INT	New	WORLD FUEL SVCS	$2,027,000	–	42,676	–	1.01%	–
T	New	AT&T	$2,008,000	–	46,471	–	1.00%	–
DLTR	New	DOLLAR TREE	$1,978,000	–	20,993	–	0.99%	–
HELE	New	HELEN OF TROY	$1,944,000	–	18,906	–	0.97%	–
HBI	New	HANESBRANDS	$1,905,000	–	75,795	–	0.95%	–
MMM	New	3M CO	$1,896,000	–	10,826	–	0.94%	–
HCCI	New	HERITAGE CRYSTAL CLEAN	$1,895,000	–	155,191	–	0.94%	–
CBRE	New	CBRE GROUPcl a	$1,885,000	–	71,189	–	0.94%	–
ENS	New	ENERSYS	$1,844,000	–	31,002	–	0.92%	–
WSO	New	WATSCO	$1,831,000	–	13,011	–	0.91%	–
AAPL	New	APPLE INC	$1,824,000	–	19,076	–	0.91%	–
VLO	New	VALERO ENERGY	$1,806,000	–	35,419	–	0.90%	–
HOG	New	HARLEY DAVIDSON	$1,804,000	–	39,820	–	0.90%	–
TECH	New	BIO TECHNE	$1,763,000	–	15,632	–	0.88%	–
CE	New	CELANESE CORP	$1,747,000	–	26,691	–	0.87%	–
LKQ	New	LKQ CORP	$1,730,000	–	54,563	–	0.86%	–
ORCL	New	ORACLE	$1,695,000	–	41,406	–	0.84%	–
FAST	New	FASTENAL	$1,692,000	–	38,126	–	0.84%	–
GOOGL	New	ALPHABETcl a	$1,642,000	–	2,334	–	0.82%	–
PNR	New	PENTAIR PLC	$1,626,000	–	27,890	–	0.81%	–
INTU	New	INTUIT	$1,603,000	–	14,361	–	0.80%	–
AMBA	New	AMBARELLA	$1,470,000	–	28,934	–	0.73%	–
FDX	New	FEDEX	$1,458,000	–	9,604	–	0.73%	–
DHR	New	DANAHER	$1,426,000	–	14,117	–	0.71%	–
WSM	New	WILLIAMS SONOMA	$1,425,000	–	27,338	–	0.71%	–
DCI	New	DONALDSON	$1,398,000	–	40,676	–	0.70%	–
SYNA	New	SYNAPTICS	$1,389,000	–	25,849	–	0.69%	–
CELG	New	CELGENE	$1,309,000	–	13,270	–	0.65%	–
USB	New	US BANCORP	$1,295,000	–	32,101	–	0.64%	–
LABL	New	MULTI COLOR	$1,227,000	–	19,346	–	0.61%	–
VDSI	New	VASCO DATA SEC INTL	$1,210,000	–	73,799	–	0.60%	–
BECN	New	BEACON ROOFING SUPPLY	$1,195,000	–	26,273	–	0.60%	–
GS	New	GOLDMAN SACHS GROUP	$1,193,000	–	8,032	–	0.59%	–
TOL	New	TOLL BROTHERS	$1,181,000	–	43,897	–	0.59%	–
VRSK	New	VERISK ANALYTICS	$1,148,000	–	14,158	–	0.57%	–
MDVN	New	MEDIVATION	$1,133,000	–	18,788	–	0.56%	–
AMZN	New	AMAZON	$1,121,000	–	1,566	–	0.56%	–
TSCO	New	TRACTOR SUPPLY	$1,075,000	–	11,793	–	0.54%	–
DRH	New	DIAMONDROCK HOSPITALITY	$1,061,000	–	117,520	–	0.53%	–
EXAS	New	EXACT SCIENCES	$1,048,000	–	85,522	–	0.52%	–
SLB	New	SCHLUMBERGER	$1,043,000	–	13,189	–	0.52%	–
CSGP	New	COSTAR GROUP	$1,019,000	–	4,662	–	0.51%	–
ECOL	New	US ECOLOGY	$1,002,000	–	21,809	–	0.50%	–
ST	New	SENSATA TECHNOLOGIES	$1,000,000	–	28,656	–	0.50%	–
CHD	New	CHURCH & DWIGHT	$967,000	–	9,400	–	0.48%	–
PG	New	PROCTER & GAMBLE	$935,000	–	11,038	–	0.47%	–
VTNR	New	VERTEX ENERGY	$922,000	–	692,960	–	0.46%	–
BLKB	New	BLACKBAUD	$897,000	–	13,217	–	0.45%	–
AVD	New	AMERICAN VANGUARD	$889,000	–	58,840	–	0.44%	–
MCD	New	MCDONALDS	$872,000	–	7,246	–	0.44%	–
NVO	New	NOVO-NORDISK A Sadr	$863,000	–	16,044	–	0.43%	–
TYPE	New	MONOTYPE IMAGING HOLDINGS	$861,000	–	34,960	–	0.43%	–
HMSY	New	HMS HLDGS CORP	$861,000	–	48,905	–	0.43%	–
SMG	New	SCOTTS MIRACLE GROcl a	$850,000	–	12,159	–	0.42%	–
LOW	New	LOWES COS	$836,000	–	10,565	–	0.42%	–
BCR	New	BARD C R	$823,000	–	3,500	–	0.41%	–
INGN	New	INOGEN	$806,000	–	16,094	–	0.40%	–
LLTC	New	LINEAR TECHNOLOGY	$771,000	–	16,580	–	0.38%	–
PEP	New	PEPSICO	$761,000	–	7,183	–	0.38%	–
LRCX	New	LAM RESEARCH	$757,000	–	9,000	–	0.38%	–
ABCO	New	ADVISORY BOARD	$721,000	–	20,361	–	0.36%	–
CF	New	CF INDUSTRIES	$703,000	–	29,168	–	0.35%	–
XTLY	New	XACTLY	$702,000	–	54,776	–	0.35%	–
SHPG	New	SHIRE PLCadr	$701,000	–	3,805	–	0.35%	–
EMR	New	EMERSON ELECTRIC	$663,000	–	12,715	–	0.33%	–
ATRI	New	ATRION	$661,000	–	1,544	–	0.33%	–
IXYS	New	IXYS	$654,000	–	63,852	–	0.33%	–
IFF	New	INTERNATIONAL FLAVORS & FRAGRANCE	$639,000	–	5,065	–	0.32%	–
ESLT	New	ELBIT SYSTEMS	$637,000	–	7,000	–	0.32%	–
PAYX	New	PAYCHEX	$619,000	–	10,409	–	0.31%	–
BDX	New	BECTON DICKINSON & CO	$612,000	–	3,610	–	0.30%	–
MTSC	New	MTS SYSTEMS	$608,000	–	13,877	–	0.30%	–
PPG	New	PPG INDUSTRIES	$604,000	–	5,800	–	0.30%	–
JNJ	New	JOHNSON & JOHNSON	$584,000	–	4,811	–	0.29%	–
SNA	New	SNAP ON	$576,000	–	3,647	–	0.29%	–
SSTK	New	SHUTTERSTOCK	$567,000	–	12,387	–	0.28%	–
ORBK	New	ORBOTECH	$562,000	–	22,000	–	0.28%	–
FOXF	New	FOX FACTORY HLDG	$541,000	–	31,136	–	0.27%	–
PNC	New	PNC FINL SVCS GROUP	$492,000	–	6,040	–	0.24%	–
SYNL	New	SYNALLOY	$488,000	–	63,686	–	0.24%	–
CGIPQ	New	CELADON GROUP INC	$481,000	–	58,872	–	0.24%	–
SLAB	New	SILICON LABORATORIES	$473,000	–	9,706	–	0.24%	–
TVIAQ	New	TERRAVIA HLDGS	$471,000	–	179,740	–	0.24%	–
TDY	New	TELEDYNE TECHNOLOGIES	$459,000	–	4,630	–	0.23%	–
MDLZ	New	MONDELEZ INTLcl a	$455,000	–	10,000	–	0.23%	–
GRUB	New	GRUBHUB	$453,000	–	14,565	–	0.23%	–
MCO	New	MOODYS CORP	$443,000	–	4,730	–	0.22%	–
AIRM	New	AIR METHODS	$418,000	–	11,657	–	0.21%	–
DTSI	New	DTS INC	$409,000	–	15,473	–	0.20%	–
EPAM	New	EPAM SYSTEMS	$387,000	–	6,013	–	0.19%	–
KHC	New	KRAFT HEINZ	$371,000	–	4,192	–	0.18%	–
NNBR	New	NN INC	$355,000	–	25,340	–	0.18%	–
STMP	New	STAMPS COM	$352,000	–	4,028	–	0.18%	–
WETF	New	WISDOMTREE INVTS	$341,000	–	34,847	–	0.17%	–
ICON	New	ICONIX BRAND GROUP	$337,000	–	49,913	–	0.17%	–
PETX	New	ARATANA THERAPEUTICS	$338,000	–	53,472	–	0.17%	–
UPS	New	UNITED PARCEL SERVICEcl b	$329,000	–	3,057	–	0.16%	–
VASC	New	VASCULAR SOLUTIONS	$319,000	–	7,652	–	0.16%	–
RVT	New	ROYCE VALUE TRUST	$318,000	–	27,027	–	0.16%	–
	New	PORTFOLIO RECOVERY ASSOCS INC 3% 08/01/2020note	$294,000	–	377,000	–	0.15%	–
WLH	New	LYON WILLIAM HOMEScl a	$283,000	–	17,527	–	0.14%	–
EQT	New	EQT CORP	$279,000	–	3,600	–	0.14%	–
SYY	New	SYSCO	$271,000	–	5,350	–	0.14%	–
EXA	New	EXA CORP	$269,000	–	18,627	–	0.13%	–
FOGO	New	FOGO DE CHAO	$265,000	–	20,254	–	0.13%	–
WMT	New	WAL-MART STORES	$252,000	–	3,446	–	0.13%	–
FLO	New	FLOWERS FOODS	$244,000	–	13,000	–	0.12%	–
GOOG	New	ALPHABETcl c	$243,000	–	351	–	0.12%	–
XON	New	INTREXON	$235,000	–	9,542	–	0.12%	–
BBBY	New	BED BATH & BEYOND	$216,000	–	5,000	–	0.11%	–
O	New	REALTY INCOME	$212,000	–	3,050	–	0.11%	–
SLP	New	SIMULATIONS PLUS	$210,000	–	27,719	–	0.10%	–

Q4 2015

			Value		Shares		↓ Weighting
CYTX	Exit	CYTORI THERAPEUTICS	$0	–	-201,633	–	-0.04%	–
SZYM	Exit	SOLAZYME	$0	–	-27,883	–	-0.04%	–
CECE	Exit	CECO ENVIRONMENTAL	$0	–	-12,208	–	-0.05%	–
HMSY	Exit	HMS HOLDINGS	$0	–	-20,064	–	-0.09%	–
MU	Exit	MICRON TECHNOLOGY	$0	–	-13,000	–	-0.10%	–
SYY	Exit	SYSCO	$0	–	-5,407	–	-0.11%	–
EQT	Exit	EQT CORP	$0	–	-3,600	–	-0.12%	–
VASC	Exit	VASCULAR SOLUTIONS	$0	–	-7,496	–	-0.13%	–
ABCO	Exit	ADVISORY BOARD	$0	–	-5,698	–	-0.14%	–
BDX	Exit	BECTON DICKINSON	$0	–	-2,025	–	-0.14%	–
BBBY	Exit	BED BATH & BEYOND	$0	–	-5,000	–	-0.15%	–
UPS	Exit	UNITED PARCEL SERVICEcl b	$0	–	-3,032	–	-0.16%	–
CRMT	Exit	AMERICAS CAR MART	$0	–	-9,074	–	-0.16%	–
RVT	Exit	ROYCE VALUE TRUST	$0	–	-27,027	–	-0.17%	–
FLO	Exit	FLOWERS FOODS	$0	–	-13,000	–	-0.17%	–
WLH	Exit	LYON WILLIAM HOMEScl a	$0	–	-17,122	–	-0.19%	–
MTSC	Exit	MTS SYSTEMS	$0	–	-6,007	–	-0.19%	–
SLAB	Exit	SILICON LABORATORIES	$0	–	-9,540	–	-0.21%	–
ORBK	Exit	ORBOTECHord	$0	–	-26,800	–	-0.22%	–
MDLZ	Exit	MONDELEZ INTLcl a	$0	–	-10,000	–	-0.22%	–
FOSL	Exit	FOSSIL GROUP	$0	–	-7,732	–	-0.23%	–
PRLB	Exit	PROTO LABS	$0	–	-6,639	–	-0.24%	–
PAYX	Exit	PAYCHEX	$0	–	-9,446	–	-0.24%	–
PPG	Exit	PPG INDUSTRIES	$0	–	-5,800	–	-0.27%	–
CFX	Exit	COLFAX	$0	–	-17,088	–	-0.27%	–
SNA	Exit	SNAP ON	$0	–	-3,386	–	-0.27%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRANCE	$0	–	-4,981	–	-0.27%	–
PNC	Exit	PNC FINL SVCS GROUP	$0	–	-5,800	–	-0.28%	–
SYNL	Exit	SYNALLOY	$0	–	-58,170	–	-0.28%	–
WETF	Exit	WISDOMTREE INVESTMENTS	$0	–	-34,123	–	-0.29%	–
ATRI	Exit	ATRION	$0	–	-1,511	–	-0.30%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-12,875	–	-0.30%	–
BECN	Exit	BEACON ROOFING SUPPLY	$0	–	-17,600	–	-0.30%	–
TISI	Exit	TEAM	$0	–	-20,099	–	-0.34%	–
BCR	Exit	BARD C R	$0	–	-3,500	–	-0.35%	–
EXAS	Exit	EXACT SCIENCES	$0	–	-36,649	–	-0.35%	–
ICON	Exit	ICONIX BRAND GROUP	$0	–	-48,876	–	-0.35%	–
ESLT	Exit	ELBIT SYSTEMSord	$0	–	-8,900	–	-0.35%	–
PEP	Exit	PEPSICO	$0	–	-7,165	–	-0.36%	–
LOW	Exit	LOWES COS	$0	–	-10,000	–	-0.37%	–
IXYS	Exit	IXYS	$0	–	-61,819	–	-0.37%	–
LSTR	Exit	LANDSTAR SYSTEMS	$0	–	-10,994	–	-0.37%	–
GOOGL	Exit	GOOGLEcl a	$0	–	-1,110	–	-0.38%	–
SMG	Exit	SCOTTS MIRACLE GROcl a	$0	–	-11,643	–	-0.38%	–
BRKB	Exit	BERKSHIRE HATHAWAYcl b	$0	–	-5,500	–	-0.38%	–
POWR	Exit	POWERSECURE	$0	–	-62,510	–	-0.38%	–
BLKB	Exit	BLACKBAUD	$0	–	-12,943	–	-0.39%	–
APA	Exit	APACHE	$0	–	-19,045	–	-0.40%	–
TYPE	Exit	MONOTYPE IMAGING HOLDINGS	$0	–	-34,283	–	-0.40%	–
INGN	Exit	INOGEN	$0	–	-15,766	–	-0.41%	–
MCD	Exit	MCDONALDS	$0	–	-7,768	–	-0.41%	–
CSGP	Exit	COSTAR GROUP	$0	–	-4,473	–	-0.41%	–
MJN	Exit	MEAD JOHNSON NUTRITION	$0	–	-11,054	–	-0.41%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-10,891	–	-0.42%	–
CAT	Exit	CATERPILLAR	$0	–	-12,061	–	-0.42%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-9,400	–	-0.42%	–
MDVN	Exit	MEDIVATION	$0	–	-18,620	–	-0.42%	–
FOXF	Exit	FOX FACTORY HOLDINGS	$0	–	-46,943	–	-0.42%	–
BXLT	Exit	BAXALTA	$0	–	-25,120	–	-0.42%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,615	–	-0.43%	–
AMZN	Exit	AMAZON	$0	–	-1,603	–	-0.44%	–
HUBG	Exit	HUB GROUPcl a	$0	–	-23,038	–	-0.45%	–
SLB	Exit	SCHLUMBERGER	$0	–	-12,370	–	-0.45%	–
NVO	Exit	NOVO-NORDISKadr	$0	–	-16,000	–	-0.46%	–
AAPL	Exit	APPLE	$0	–	-8,120	–	-0.48%	–
ECOL	Exit	US ECOLOGY	$0	–	-21,083	–	-0.49%	–
OAK	Exit	OAKTREE CAP GROUPunit cl a	$0	–	-18,617	–	-0.49%	–
CGIPQ	Exit	CELADON GROUP	$0	–	-57,648	–	-0.49%	–
BBSI	Exit	BARRETT BUSINESS SERVICES	$0	–	-22,301	–	-0.51%	–
O	Exit	REALTY INCOME	$0	–	-20,408	–	-0.52%	–
TSCO	Exit	TRACTOR SUPPLY	$0	–	-11,738	–	-0.53%	–
AVD	Exit	AMERICAN VANGUARD	$0	–	-86,827	–	-0.53%	–
CERN	Exit	CERNER	$0	–	-19,587	–	-0.62%	–
GLW	Exit	CORNING	$0	–	-70,028	–	-0.64%	–
T	Exit	AT&T	$0	–	-37,057	–	-0.64%	–
VDSI	Exit	VASCO DATA SECURITY	$0	–	-72,279	–	-0.66%	–
USB	Exit	US BANCORP	$0	–	-31,057	–	-0.68%	–
CMI	Exit	CUMMINS	$0	–	-12,149	–	-0.70%	–
DHR	Exit	DANAHER	$0	–	-16,132	–	-0.73%	–
FAST	Exit	FASTENAL	$0	–	-37,973	–	-0.74%	–
GS	Exit	GOLDMAN SACHS GROUP	$0	–	-8,001	–	-0.74%	–
TECH	Exit	BIO TECHNE	$0	–	-15,212	–	-0.75%	–
HCCI	Exit	HERITAGE CRYSTAL CLEAN	$0	–	-141,426	–	-0.77%	–
LLTC	Exit	LINEAR TECHNOLOGY	$0	–	-36,613	–	-0.79%	–
TOL	Exit	TOLL BROTHERS	$0	–	-43,586	–	-0.79%	–
ORCL	Exit	ORACLE	$0	–	-41,282	–	-0.79%	–
VTNR	Exit	VERTEX ENERGY	$0	–	-707,912	–	-0.81%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES	$0	–	-10,594	–	-0.82%	–
CE	Exit	CELANESE CORP	$0	–	-26,174	–	-0.82%	–
MMM	Exit	3M	$0	–	-11,074	–	-0.84%	–
WMT	Exit	WAL-MART STORES	$0	–	-24,526	–	-0.85%	–
ISRG	Exit	INTUITIVE SURGICAL	$0	–	-3,562	–	-0.87%	–
KNX	Exit	KNIGHT TRANSPORTATION	$0	–	-72,002	–	-0.92%	–
UBNT	Exit	UBIQUITI NETWORKS	$0	–	-51,122	–	-0.92%	–
DCI	Exit	DONALDSON	$0	–	-61,756	–	-0.92%	–
CF	Exit	CF INDUSTRIES HOLDINGS	$0	–	-39,563	–	-0.94%	–
MDT	Exit	MEDTRONIC	$0	–	-26,683	–	-0.95%	–
HELE	Exit	HELEN OF TROY	$0	–	-21,201	–	-1.01%	–
LABL	Exit	MULTI COLOR	$0	–	-24,795	–	-1.01%	–
IM	Exit	INGRAM MICROcl a	$0	–	-71,543	–	-1.04%	–
ECL	Exit	ECOLAB	$0	–	-17,891	–	-1.04%	–
HOG	Exit	HARLEY DAVIDSON	$0	–	-35,803	–	-1.05%	–
ENS	Exit	ENERSYS	$0	–	-37,531	–	-1.07%	–
D	Exit	DOMINION RESOURCES	$0	–	-28,968	–	-1.08%	–
VLO	Exit	VALERO ENERGY	$0	–	-34,720	–	-1.11%	–
HCP	Exit	HCP	$0	–	-56,278	–	-1.12%	–
SYK	Exit	STRYKER	$0	–	-23,123	–	-1.16%	–
KMI	Exit	KINDER MORGAN	$0	–	-78,791	–	-1.16%	–
V	Exit	VISAcl a	$0	–	-31,386	–	-1.16%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-26,512	–	-1.17%	–
INOV	Exit	INOVALON HOLDINGScl a	$0	–	-106,035	–	-1.18%	–
HBI	Exit	HANESBRANDS	$0	–	-76,411	–	-1.18%	–
GNTX	Exit	GENTEX	$0	–	-150,256	–	-1.24%	–
COF	Exit	CAPITAL ONE	$0	–	-32,631	–	-1.26%	–
XOM	Exit	EXXON MOBIL	$0	–	-32,184	–	-1.27%	–
DRH	Exit	DIAMONDROCK HOSPITALITY	$0	–	-226,490	–	-1.33%	–
WSO	Exit	WATSCO	$0	–	-21,664	–	-1.37%	–
FISV	Exit	FISERV	$0	–	-30,256	–	-1.39%	–
CVX	Exit	CHEVRON	$0	–	-33,360	–	-1.40%	–
AAP	Exit	ADVANCE AUTO PARTS	$0	–	-14,000	–	-1.41%	–
SYNA	Exit	SYNAPTICS	$0	–	-32,348	–	-1.42%	–
HCSG	Exit	HEALTHCARE SVCS GRP	$0	–	-81,849	–	-1.47%	–
VRSK	Exit	VERISK ANALYTICS	$0	–	-40,958	–	-1.61%	–
WHR	Exit	WHIRLPOOL	$0	–	-20,774	–	-1.63%	–
CPRT	Exit	COPART	$0	–	-95,471	–	-1.67%	–
KMX	Exit	CARMAX	$0	–	-58,959	–	-1.86%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-58,202	–	-1.89%	–
BSFT	Exit	BROADSOFT	$0	–	-121,925	–	-1.94%	–
TROW	Exit	PRICE T ROWE GROUP	$0	–	-53,592	–	-1.98%	–
MNR	Exit	MONMOUTH REAL ESTATEcl a	$0	–	-414,373	–	-2.15%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-45,639	–	-2.38%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-200,191	–	-2.69%	–
MKL	Exit	MARKEL	$0	–	-7,139	–	-3.05%	–
PRAA	Exit	PRA GROUP	$0	–	-164,496	–	-4.63%	–

Q3 2015

			Value		Shares		↓ Weighting
PRAA	Buy	PRA GROUP	$8,705,000	-11.4%	164,496	+4.3%	4.63%	-4.6%
MKL	Sell	MARKEL	$5,724,000	-44.1%	7,139	-44.1%	3.05%	-39.7%
GE	Sell	GENERAL ELECTRIC	$5,049,000	-6.6%	200,191	-1.6%	2.69%	+0.7%
GILD	Sell	GILEAD SCIENCES	$4,481,000	-16.2%	45,639	-0.1%	2.38%	-9.7%
MNR	Buy	MONMOUTH REAL ESTATEcl a	$4,040,000	+24.5%	414,373	+24.1%	2.15%	+34.1%
TROW	Sell	PRICE T ROWE GROUP	$3,725,000	-13.2%	53,592	-2.9%	1.98%	-6.4%
BSFT	Buy	BROADSOFT	$3,653,000	-4.7%	121,925	+10.0%	1.94%	+2.7%
JPM	Buy	JPMORGAN CHASE	$3,549,000	-5.5%	58,202	+5.0%	1.89%	+1.8%
KMX	Buy	CARMAX	$3,497,000	-9.3%	58,959	+1.2%	1.86%	-2.3%
CPRT	Buy	COPART	$3,141,000	-2.4%	95,471	+5.2%	1.67%	+5.2%
WHR	Buy	WHIRLPOOL	$3,059,000	+0.5%	20,774	+18.1%	1.63%	+8.2%
VRSK	Buy	VERISK ANALYTICS	$3,027,000	+3.2%	40,958	+1.7%	1.61%	+11.3%
HCSG	Buy	HEALTHCARE SVCS GRP	$2,758,000	+6.9%	81,849	+4.8%	1.47%	+15.2%
SYNA	Buy	SYNAPTICS	$2,667,000	+13.5%	32,348	+19.4%	1.42%	+22.3%
AAP	Sell	ADVANCE AUTO PARTS	$2,653,000	+9.7%	14,000	-7.8%	1.41%	+18.3%
CVX	Buy	CHEVRON	$2,631,000	+12.8%	33,360	+37.9%	1.40%	+21.5%
FISV	Sell	FISERV	$2,620,000	-8.0%	30,256	-12.0%	1.39%	-0.9%
WSO	Buy	WATSCO	$2,567,000	+3.1%	21,664	+7.6%	1.37%	+11.1%
DRH	Sell	DIAMONDROCK HOSPITALITY	$2,503,000	-17.1%	226,490	-4.0%	1.33%	-10.7%
XOM	Sell	EXXON MOBIL	$2,393,000	-10.9%	32,184	-0.3%	1.27%	-3.9%
COF	Buy	CAPITAL ONE	$2,366,000	-11.5%	32,631	+7.4%	1.26%	-4.5%
GNTX	Sell	GENTEX	$2,329,000	-8.7%	150,256	-3.3%	1.24%	-1.6%
HBI	Buy	HANESBRANDS	$2,211,000	-12.4%	76,411	+0.9%	1.18%	-5.5%
INOV	New	INOVALON HOLDINGScl a	$2,209,000	–	106,035	–	1.18%	–
WBA	Sell	WALGREENS BOOTS ALLIANCE	$2,203,000	-4.3%	26,512	-2.7%	1.17%	+3.3%
V	Buy	VISAcl a	$2,186,000	+4.0%	31,386	+0.3%	1.16%	+12.2%
KMI	Buy	KINDER MORGAN	$2,181,000	-20.2%	78,791	+10.7%	1.16%	-13.9%
SYK	Buy	STRYKER	$2,176,000	+6.9%	23,123	+8.5%	1.16%	+15.2%
HCP	Sell	HCP	$2,096,000	-0.6%	56,278	-2.6%	1.12%	+7.2%
VLO	Buy	VALERO ENERGY	$2,087,000	0.0%	34,720	+4.2%	1.11%	+7.8%
D	Sell	DOMINION RESOURCES	$2,039,000	+5.2%	28,968	-0.1%	1.08%	+13.4%
ENS	Buy	ENERSYS	$2,011,000	-23.1%	37,531	+0.9%	1.07%	-17.2%
HOG	Buy	HARLEY DAVIDSON	$1,966,000	-0.2%	35,803	+2.4%	1.05%	+7.5%
ECL	Buy	ECOLAB	$1,963,000	-0.9%	17,891	+2.1%	1.04%	+6.9%
IM	Buy	INGRAM MICROcl a	$1,949,000	+9.6%	71,543	+0.7%	1.04%	+18.1%
LABL	Buy	MULTI COLOR	$1,897,000	+39.8%	24,795	+16.7%	1.01%	+50.7%
HELE	Buy	HELEN OF TROY	$1,893,000	-7.3%	21,201	+1.1%	1.01%	-0.1%
MDT	Sell	MEDTRONIC	$1,786,000	-10.8%	26,683	-1.3%	0.95%	-3.8%
CF	Buy	CF INDUSTRIES HOLDINGS	$1,776,000	-22.4%	39,563	+11.1%	0.94%	-16.4%
DCI	Sell	DONALDSON	$1,734,000	-26.2%	61,756	-5.9%	0.92%	-20.4%
UBNT	Sell	UBIQUITI NETWORKS	$1,733,000	-54.3%	51,122	-56.9%	0.92%	-50.7%
KNX	Buy	KNIGHT TRANSPORTATION	$1,728,000	+54.1%	72,002	+71.8%	0.92%	+66.1%
ISRG	Buy	INTUITIVE SURGICAL	$1,637,000	-3.6%	3,562	+1.6%	0.87%	+3.8%
WMT	Buy	WAL-MART STORES	$1,590,000	+14.2%	24,526	+25.0%	0.85%	+23.1%
MMM	Sell	3M	$1,570,000	-27.9%	11,074	-21.6%	0.84%	-22.3%
CE	Sell	CELANESE CORP	$1,549,000	-22.9%	26,174	-6.4%	0.82%	-16.9%
IBM	Buy	INTERNATIONAL BUSINESS MACHINES	$1,536,000	-9.3%	10,594	+1.8%	0.82%	-2.2%
VTNR	Buy	VERTEX ENERGY	$1,515,000	+13.9%	707,912	+26.1%	0.81%	+22.7%
ORCL	Buy	ORACLE	$1,491,000	-9.7%	41,282	+0.7%	0.79%	-2.7%
TOL	Buy	TOLL BROTHERS	$1,492,000	-10.2%	43,586	+0.1%	0.79%	-3.3%
LLTC	Buy	LINEAR TECHNOLOGY	$1,477,000	-7.5%	36,613	+1.4%	0.79%	-0.4%
HCCI	Buy	HERITAGE CRYSTAL CLEAN	$1,452,000	+27.5%	141,426	+82.5%	0.77%	+37.5%
TECH	Buy	BIO TECHNE	$1,407,000	-3.6%	15,212	+2.6%	0.75%	+3.9%
FAST	Buy	FASTENAL	$1,390,000	-11.7%	37,973	+1.8%	0.74%	-4.8%
GS	Buy	GOLDMAN SACHS GROUP	$1,390,000	-16.5%	8,001	+0.4%	0.74%	-10.0%
DHR	Buy	DANAHER	$1,375,000	+0.8%	16,132	+1.2%	0.73%	+8.6%
CMI	Buy	CUMMINS	$1,319,000	-15.9%	12,149	+1.6%	0.70%	-9.4%
USB	Sell	US BANCORP	$1,274,000	-19.3%	31,057	-14.6%	0.68%	-13.0%
VDSI	Buy	VASCO DATA SECURITY	$1,232,000	-31.4%	72,279	+21.5%	0.66%	-26.0%
T	Sell	AT&T	$1,207,000	-8.7%	37,057	-0.5%	0.64%	-1.7%
GLW	Buy	CORNING	$1,199,000	-11.5%	70,028	+1.9%	0.64%	-4.6%
CERN	New	CERNER	$1,174,000	–	19,587	–	0.62%	–
AVD	Buy	AMERICAN VANGUARD	$1,004,000	+19.0%	86,827	+42.0%	0.53%	+28.1%
TSCO	Buy	TRACTOR SUPPLY	$990,000	-3.1%	11,738	+3.3%	0.53%	+4.4%
O	Sell	REALTY INCOME	$967,000	+2.4%	20,408	-4.0%	0.52%	+10.5%
BBSI	Buy	BARRETT BUSINESS SERVICES	$957,000	+38.1%	22,301	+16.8%	0.51%	+48.8%
CGIPQ	Buy	CELADON GROUP	$924,000	+157.4%	57,648	+231.9%	0.49%	+178.0%
OAK	Buy	OAKTREE CAP GROUPunit cl a	$922,000	+9.0%	18,617	+17.1%	0.49%	+17.5%
ECOL	New	US ECOLOGY	$920,000	–	21,083	–	0.49%	–
SLB	Buy	SCHLUMBERGER	$853,000	-18.1%	12,370	+2.3%	0.45%	-11.8%
HUBG	Buy	HUB GROUPcl a	$839,000	+5.5%	23,038	+16.9%	0.45%	+13.7%
AMZN	Buy	AMAZON	$821,000	+20.2%	1,603	+1.9%	0.44%	+29.7%
BXLT	New	BAXALTA	$792,000	–	25,120	–	0.42%	–
FOXF	Buy	FOX FACTORY HOLDINGS	$791,000	+22.6%	46,943	+17.0%	0.42%	+32.4%
MDVN	New	MEDIVATION	$791,000	–	18,620	–	0.42%	–
CAT	Sell	CATERPILLAR	$788,000	-33.1%	12,061	-13.1%	0.42%	-27.9%
PG	Buy	PROCTER & GAMBLE	$783,000	+10.3%	10,891	+19.9%	0.42%	+18.8%
MJN	Sell	MEAD JOHNSON NUTRITION	$778,000	-60.2%	11,054	-49.0%	0.41%	-57.1%
CSGP	Sell	COSTAR GROUP	$774,000	-19.4%	4,473	-6.2%	0.41%	-13.1%
INGN	Buy	INOGEN	$765,000	+26.9%	15,766	+16.6%	0.41%	+36.6%
TYPE	Buy	MONOTYPE IMAGING HOLDINGS	$748,000	+118.7%	34,283	+141.5%	0.40%	+135.5%
APA	Buy	APACHE	$746,000	-31.6%	19,045	+0.7%	0.40%	-26.2%
BLKB	Buy	BLACKBAUD	$726,000	+14.9%	12,943	+16.7%	0.39%	+23.7%
POWR	Buy	POWERSECURE	$720,000	-9.1%	62,510	+16.5%	0.38%	-2.0%
GOOGL	Buy	GOOGLEcl a	$709,000	+190.6%	1,110	+146.1%	0.38%	+214.2%
SMG	Buy	SCOTTS MIRACLE GROcl a	$708,000	+19.8%	11,643	+16.6%	0.38%	+29.1%
LSTR	Buy	LANDSTAR SYSTEMS	$698,000	+10.8%	10,994	+16.7%	0.37%	+19.3%
IXYS	Buy	IXYS	$690,000	-14.6%	61,819	+17.0%	0.37%	-8.0%
LOW	Sell	LOWES COS	$689,000	-10.5%	10,000	-13.0%	0.37%	-3.4%
ICON	Sell	ICONIX BRAND GROUP	$661,000	-64.4%	48,876	-34.2%	0.35%	-61.6%
EXAS	Buy	EXACT SCIENCES	$659,000	-29.4%	36,649	+16.8%	0.35%	-23.9%
TISI	Buy	TEAM	$646,000	-6.4%	20,099	+17.3%	0.34%	+0.9%
BECN	Buy	BEACON ROOFING SUPPLY	$572,000	+13.0%	17,600	+15.5%	0.30%	+21.6%
EMR	Sell	EMERSON ELECTRIC	$569,000	-67.3%	12,875	-58.9%	0.30%	-64.7%
ATRI	Buy	ATRION	$567,000	+11.2%	1,511	+16.2%	0.30%	+19.8%
WETF	New	WISDOMTREE INVESTMENTS	$550,000	–	34,123	–	0.29%	–
SYNL	Buy	SYNALLOY	$526,000	-30.7%	58,170	+5.1%	0.28%	-25.3%
IFF	New	INTERNATIONAL FLAVORS & FRAGRANCE	$514,000	–	4,981	–	0.27%	–
SNA	New	SNAP ON	$511,000	–	3,386	–	0.27%	–
CFX	Buy	COLFAX	$511,000	-33.4%	17,088	+2.8%	0.27%	-28.2%
PAYX	Sell	PAYCHEX	$450,000	-0.4%	9,446	-2.1%	0.24%	+7.6%
PRLB	Buy	PROTO LABS	$445,000	+15.9%	6,639	+16.8%	0.24%	+24.7%
FOSL	Buy	FOSSIL GROUP	$432,000	-6.1%	7,732	+16.6%	0.23%	+1.3%
ORBK	Buy	ORBOTECHord	$414,000	-16.4%	26,800	+12.6%	0.22%	-9.8%
SLAB	Buy	SILICON LABORATORIES	$396,000	-12.2%	9,540	+14.2%	0.21%	-5.4%
MTSC	Buy	MTS SYSTEMS	$361,000	+0.3%	6,007	+15.1%	0.19%	+7.9%
WLH	Buy	LYON WILLIAM HOMEScl a	$353,000	-10.6%	17,122	+11.2%	0.19%	-3.6%
CRMT	Buy	AMERICAS CAR MART	$300,000	-23.5%	9,074	+14.3%	0.16%	-17.5%
ABCO	Buy	ADVISORY BOARD	$259,000	-3.4%	5,698	+16.0%	0.14%	+4.5%
VASC	Buy	VASCULAR SOLUTIONS	$243,000	+9.5%	7,496	+17.0%	0.13%	+17.3%
SYY	Sell	SYSCO	$211,000	-10.2%	5,407	-16.9%	0.11%	-3.4%
MU	Buy	MICRON TECHNOLOGY	$195,000	+3.7%	13,000	+30.0%	0.10%	+11.8%
HMSY	Sell	HMS HOLDINGS	$176,000	-78.0%	20,064	-56.9%	0.09%	-76.2%
CECE	Buy	CECO ENVIRONMENTAL	$100,000	-15.3%	12,208	+16.9%	0.05%	-8.6%
SZYM	Buy	SOLAZYME	$72,000	-4.0%	27,883	+16.2%	0.04%	+2.7%
CYTX	Buy	CYTORI THERAPEUTICS	$69,000	-28.1%	201,633	+16.9%	0.04%	-21.3%
KO	Exit	COCA COLA CO COM	$0	–	-5,425	–	-0.10%	–
EXPO	Exit	EXPONENT INC	$0	–	-4,844	–	-0.11%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,300	–	-0.13%	–
CPSI	Exit	COMPUTER PROGRAMS & SYSTEMS INC	$0	–	-6,118	–	-0.16%	–
KRFT	Exit	KRAFT FOODS GROUP	$0	–	-3,975	–	-0.17%	–
EBAY	Exit	EBAY INC	$0	–	-5,990	–	-0.18%	–
ABT	Exit	ABBOTT LABS	$0	–	-10,001	–	-0.24%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLCcl a	$0	–	-90,282	–	-0.32%	–
DHIL	Exit	DIAMOND HILL INVT GP	$0	–	-3,785	–	-0.37%	–

Q2 2015

			Value		Shares		↓ Weighting
MKL	New	MARKEL CORP HOLDING CO	$10,234,000	–	12,782	–	5.05%	–
PRAA	New	PRA GROUP	$9,830,000	–	157,766	–	4.85%	–
GE	New	GENERAL ELECTRIC CO	$5,406,000	–	203,464	–	2.67%	–
GILD	New	GILEAD SCIENCES INC	$5,347,000	–	45,666	–	2.64%	–
TROW	New	T ROWE PRICE GROUP INC	$4,292,000	–	55,221	–	2.12%	–
KMX	New	CARMAX INC	$3,857,000	–	58,260	–	1.90%	–
BSFT	New	BROADSOFT INC	$3,834,000	–	110,891	–	1.89%	–
UBNT	New	UBIQUITI NETWORKS INC	$3,789,000	–	118,708	–	1.87%	–
JPM	New	JPMORGAN CHASE & CO	$3,756,000	–	55,430	–	1.86%	–
MNR	New	MONMOUTH REAL ESTATEINVT CORPcl a	$3,246,000	–	333,988	–	1.60%	–
CPRT	New	COPART INC	$3,219,000	–	90,741	–	1.59%	–
WHR	New	WHIRLPOOL CORP	$3,045,000	–	17,597	–	1.50%	–
DRH	New	DIAMONDROCK HOSPITALITY	$3,021,000	–	235,857	–	1.49%	–
VRSK	New	VERISK ANALYTICS INC	$2,932,000	–	40,290	–	1.45%	–
FISV	New	FISERV INC	$2,849,000	–	34,397	–	1.41%	–
KMI	New	KINDER MORGAN INC	$2,732,000	–	71,166	–	1.35%	–
XOM	New	EXXON MOBIL CORP	$2,685,000	–	32,277	–	1.33%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$2,672,000	–	30,377	–	1.32%	–
ENS	New	ENERSYS COM	$2,616,000	–	37,213	–	1.29%	–
HCSG	New	HEALTHCARE SERVICES GROUP INC	$2,581,000	–	78,087	–	1.27%	–
GNTX	New	GENTEX CORP	$2,551,000	–	155,366	–	1.26%	–
HBI	New	HANESBRANDS INC	$2,524,000	–	75,765	–	1.25%	–
WSO	New	WATSCO INC	$2,491,000	–	20,133	–	1.23%	–
AAP	New	ADVANCE AUTO PARTS INC	$2,419,000	–	15,187	–	1.19%	–
DCI	New	DONALDSON INC	$2,350,000	–	65,631	–	1.16%	–
SYNA	New	SYNAPTICS INC	$2,350,000	–	27,098	–	1.16%	–
CVX	New	CHEVRON CORP	$2,333,000	–	24,184	–	1.15%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,301,000	–	27,250	–	1.14%	–
CF	New	CF INDS HLDGS INC	$2,288,000	–	35,595	–	1.13%	–
MMM	New	3M CO COM	$2,179,000	–	14,124	–	1.08%	–
HCP	New	HEALTH CARE PPTY INVS INC	$2,108,000	–	57,795	–	1.04%	–
V	New	VISA INC	$2,101,000	–	31,293	–	1.04%	–
VLO	New	VALERO ENERGY CORP	$2,087,000	–	33,335	–	1.03%	–
HELE	New	HELEN OF TROY CORP LTD	$2,043,000	–	20,961	–	1.01%	–
SYK	New	STRYKER CORP	$2,036,000	–	21,305	–	1.00%	–
CE	New	CELANESE CORPORATION	$2,009,000	–	27,949	–	0.99%	–
MDT	New	MEDTRONIC PLC	$2,002,000	–	27,022	–	0.99%	–
ECL	New	ECOLAB INC	$1,981,000	–	17,516	–	0.98%	–
HOG	New	HARLEY DAVIDSON INC	$1,970,000	–	34,963	–	0.97%	–
MJN	New	MEAD JOHNSON NUTRITION COcl a	$1,956,000	–	21,682	–	0.97%	–
D	New	DOMINION RESOURCES INC	$1,939,000	–	28,995	–	0.96%	–
ICON	New	ICONIX BRAND GROUP INC	$1,855,000	–	74,309	–	0.92%	–
VDSI	New	VASCO DATA SEC INTL INC	$1,797,000	–	59,507	–	0.89%	–
IM	New	INGRAM MICRO INCcl a	$1,778,000	–	71,050	–	0.88%	–
EMR	New	EMERSON ELEC CO COM	$1,739,000	–	31,364	–	0.86%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$1,699,000	–	3,507	–	0.84%	–
IBM	New	INTL BUSINESS MACHINES	$1,693,000	–	10,409	–	0.84%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,664,000	–	7,969	–	0.82%	–
TOL	New	TOLL BROTHERS INC	$1,662,000	–	43,523	–	0.82%	–
ORCL	New	ORACLE CORPORATION	$1,652,000	–	41,003	–	0.82%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$1,597,000	–	36,116	–	0.79%	–
USB	New	US BANCORP	$1,578,000	–	36,365	–	0.78%	–
FAST	New	FASTENAL CO	$1,574,000	–	37,316	–	0.78%	–
CMI	New	CUMMINS INC	$1,569,000	–	11,962	–	0.78%	–
TECH	New	BIO TECHNE CORP	$1,460,000	–	14,822	–	0.72%	–
WMT	New	WAL-MART STORES INC	$1,392,000	–	19,619	–	0.69%	–
DHR	New	DANAHER CORP	$1,364,000	–	15,937	–	0.67%	–
LABL	New	MULTI COLOR CORP	$1,357,000	–	21,238	–	0.67%	–
GLW	New	CORNING INC COM	$1,355,000	–	68,698	–	0.67%	–
VTNR	New	VERTEX ENERGY INC	$1,330,000	–	561,286	–	0.66%	–
T	New	AT&T INC	$1,322,000	–	37,229	–	0.65%	–
CAT	New	CATERPILLAR INC	$1,177,000	–	13,874	–	0.58%	–
HCCI	New	HERITAGE-CYRSTAL CLEAN INC	$1,139,000	–	77,484	–	0.56%	–
KNX	New	KNIGHT TRANSPORTATION INC	$1,121,000	–	41,907	–	0.55%	–
APA	New	APACHE CORP	$1,090,000	–	18,916	–	0.54%	–
SLB	New	SCHLUMBERGER LTD	$1,042,000	–	12,095	–	0.52%	–
TSCO	New	TRACTOR SUPPLY CO	$1,022,000	–	11,361	–	0.50%	–
AAPL	New	APPLE INC	$1,018,000	–	8,120	–	0.50%	–
CSGP	New	COSTAR GRP INC	$960,000	–	4,771	–	0.47%	–
O	New	REALTY INCOME CORP	$944,000	–	21,258	–	0.47%	–
EXAS	New	EXACT SCIENCES CORP	$933,000	–	31,382	–	0.46%	–
NVO	New	NOVO-NORDISK A/Sadr	$876,000	–	16,000	–	0.43%	–
OAK	New	OAKTREE CAP GROUP LLCunit cl a	$846,000	–	15,903	–	0.42%	–
AVD	New	AMERICAN VANGUARD CORP	$844,000	–	61,159	–	0.42%	–
JNJ	New	JOHNSON & JOHNSON	$840,000	–	8,615	–	0.42%	–
IXYS	New	IXYS CORP	$808,000	–	52,822	–	0.40%	–
HMSY	New	HMS HLDGS CORP	$799,000	–	46,516	–	0.40%	–
HUBG	New	HUB GROUP INCcl a	$795,000	–	19,709	–	0.39%	–
POWR	New	POWERSECURE INTL INC	$792,000	–	53,677	–	0.39%	–
LOW	New	LOWES COS INC	$770,000	–	11,500	–	0.38%	–
CFX	New	COLFAX CORP	$767,000	–	16,615	–	0.38%	–
CHD	New	CHURCH & DWIGHT INC	$763,000	–	9,400	–	0.38%	–
SYNL	New	SYNALLOY CP DEL	$759,000	–	55,372	–	0.38%	–
DHIL	New	DIAMOND HILL INVT GP	$756,000	–	3,785	–	0.37%	–
BRKB	New	BERKSHIRE HATHAWAY INCcl b	$749,000	–	5,500	–	0.37%	–
MCD	New	MCDONALDS CORP	$739,000	–	7,768	–	0.36%	–
PG	New	PROCTER & GAMBLE CO	$710,000	–	9,080	–	0.35%	–
ESLT	New	ELBIT SYS LTD ORD	$697,000	–	8,900	–	0.34%	–
BBSI	New	BARRETT BUSINESS SERVICES INC	$693,000	–	19,087	–	0.34%	–
TISI	New	TEAM INC	$690,000	–	17,140	–	0.34%	–
AMZN	New	AMAZON.COM INC	$683,000	–	1,573	–	0.34%	–
PEP	New	PEPSICO INC COM	$669,000	–	7,165	–	0.33%	–
PPG	New	PPG INDS INC	$665,000	–	5,800	–	0.33%	–
FIG	New	FORTRESS INVESTMENT GROUP LLCcl a	$659,000	–	90,282	–	0.32%	–
FOXF	New	FOX FACTORY HLDG CORP	$645,000	–	40,111	–	0.32%	–
BLKB	New	BLACKBAUD INC	$632,000	–	11,089	–	0.31%	–
LSTR	New	LANDSTAR SYSTEMS INC	$630,000	–	9,421	–	0.31%	–
INGN	New	INOGEN INC COM	$603,000	–	13,516	–	0.30%	–
BCR	New	BARD C R INC	$597,000	–	3,500	–	0.30%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$591,000	–	9,982	–	0.29%	–
PNC	New	PNC FINL SVCS GROUP INC	$555,000	–	5,800	–	0.27%	–
ATRI	New	ATRION CORP	$510,000	–	1,300	–	0.25%	–
BECN	New	BEACON ROOFING SUPPLY	$506,000	–	15,237	–	0.25%	–
ORBK	New	ORBOTECH LTDord	$495,000	–	23,800	–	0.24%	–
ABT	New	ABBOTT LABS	$491,000	–	10,001	–	0.24%	–
FOSL	New	FOSSIL GROUP INC	$460,000	–	6,633	–	0.23%	–
PAYX	New	PAYCHEX INC	$452,000	–	9,646	–	0.22%	–
SLAB	New	SILICON LABORATORIES INC	$451,000	–	8,356	–	0.22%	–
MDLZ	New	MONDELEZ INTL INC	$411,000	–	10,000	–	0.20%	–
WLH	New	LYON WILLIAM HOMEScl a	$395,000	–	15,392	–	0.20%	–
CRMT	New	AMERICA'S CAR-MART INC	$392,000	–	7,938	–	0.19%	–
PRLB	New	PROTO LABS INC	$384,000	–	5,685	–	0.19%	–
RVT	New	ROYCE VALUE TR INC	$373,000	–	27,027	–	0.18%	–
MTSC	New	MTS SYS CORP COM	$360,000	–	5,217	–	0.18%	–
EBAY	New	EBAY INC	$361,000	–	5,990	–	0.18%	–
CGIPQ	New	CELADON GROUP INC	$359,000	–	17,368	–	0.18%	–
BBBY	New	BED BATH & BEYOND INC	$345,000	–	5,000	–	0.17%	–
TYPE	New	MONOTYPE IMAGING HLDGS INC	$342,000	–	14,194	–	0.17%	–
KRFT	New	KRAFT FOODS GROUP	$338,000	–	3,975	–	0.17%	–
CPSI	New	COMPUTER PROGRAMS & SYSTEMS INC	$327,000	–	6,118	–	0.16%	–
UPS	New	UNITED PARCEL SERVICE INC	$294,000	–	3,032	–	0.14%	–
EQT	New	EQT CORP	$293,000	–	3,600	–	0.14%	–
BDX	New	BECTON DICKINSON & CO	$287,000	–	2,025	–	0.14%	–
FLO	New	FLOWERS FOODS INC	$275,000	–	13,000	–	0.14%	–
QCOM	New	QUALCOMM INC	$269,000	–	4,300	–	0.13%	–
ABCO	New	ADVISORY BOARD CO	$268,000	–	4,910	–	0.13%	–
GOOGL	New	GOOGLE INC	$244,000	–	451	–	0.12%	–
SYY	New	SYSCO CORP	$235,000	–	6,507	–	0.12%	–
VASC	New	VASCULAR SOLUTIONS INC	$222,000	–	6,406	–	0.11%	–
EXPO	New	EXPONENT INC	$217,000	–	4,844	–	0.11%	–
KO	New	COCA COLA CO COM	$213,000	–	5,425	–	0.10%	–
MU	New	MICRON TECHNOLOGY	$188,000	–	10,000	–	0.09%	–
CECE	New	CECO ENVIRONMENTAL CORP	$118,000	–	10,447	–	0.06%	–
CYTX	New	CYTORI THERAPEUTICS	$96,000	–	172,419	–	0.05%	–
SZYM	New	SOLAZYME INC	$75,000	–	23,988	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
SZYM	Exit	SOLAZYME INC	$0	–	-23,454	–	-0.09%	–
CYTX	Exit	CYTORI THERAPEUTICS INC	$0	–	-302,621	–	-0.11%	–
EMF	Exit	TEMPLETON EMERGING MKTS FD INC	$0	–	-11,665	–	-0.11%	–
APH	Exit	AMPHENOL CORPcl a	$0	–	-2,125	–	-0.11%	–
GOOGL	Exit	GOOGLE INC	$0	–	-373	–	-0.11%	–
INTC	Exit	INTEL	$0	–	-6,381	–	-0.12%	–
ABCO	Exit	ADVISORY BRD CO	$0	–	-4,745	–	-0.12%	–
KRFT	Exit	KRAFT FOODS GROUP	$0	–	-3,998	–	-0.12%	–
ATR	Exit	APTARGROUP INC	$0	–	-3,700	–	-0.12%	–
KO	Exit	COCA COLA CO	$0	–	-5,525	–	-0.12%	–
TISI	Exit	TEAM INC	$0	–	-6,592	–	-0.13%	–
BSFT	Exit	BROADSOFT INC	$0	–	-12,733	–	-0.14%	–
ACAS	Exit	AMERICAN CAP LTD	$0	–	-19,900	–	-0.15%	–
SYY	Exit	SYSCO CORP	$0	–	-7,510	–	-0.15%	–
FDI	Exit	FORT DEARBORN INCOME SECS	$0	–	-20,135	–	-0.15%	–
CAVM	Exit	CAVIUM INC	$0	–	-5,975	–	-0.15%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-3,053	–	-0.16%	–
DHR	Exit	DANAHER CORP	$0	–	-4,000	–	-0.16%	–
CRMT	Exit	AMERICAS CAR MART INC	$0	–	-7,744	–	-0.16%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-17,000	–	-0.16%	–
CGIPQ	Exit	CELADON GROUP INC	$0	–	-16,943	–	-0.17%	–
SLAB	Exit	SILICON LABORATORIES INC	$0	–	-8,108	–	-0.17%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-5,000	–	-0.17%	–
CPSI	Exit	COMPUTER PROGRAMS & SYS INC	$0	–	-5,948	–	-0.18%	–
MTSC	Exit	MTS SYS CORP	$0	–	-5,061	–	-0.18%	–
ORBK	Exit	ORBOTECH LTD	$0	–	-22,900	–	-0.18%	–
RPXC	Exit	RPX CORP	$0	–	-26,052	–	-0.19%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-10,500	–	-0.19%	–
BRLI	Exit	BIO-REFERENCE LABS INC	$0	–	-12,846	–	-0.19%	–
UTEK	Exit	ULTRATECH INC	$0	–	-16,593	–	-0.20%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-14,816	–	-0.20%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-9,486	–	-0.20%	–
HUBG	Exit	HUB GROUP INCcl a	$0	–	-9,500	–	-0.20%	–
TYPE	Exit	MONOTYPE IMAGING HOLDINGS INC	$0	–	-13,783	–	-0.20%	–
RVT	Exit	ROYCE VALUE TR INC	$0	–	-27,027	–	-0.20%	–
TECD	Exit	TECH DATA CORP	$0	–	-6,690	–	-0.20%	–
TFM	Exit	FRESH MKT INC	$0	–	-11,291	–	-0.20%	–
VASC	Exit	VASCULAR SOLUTIONS INC	$0	–	-16,206	–	-0.21%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-10,001	–	-0.22%	–
BLKB	Exit	BLACKBAUD INC	$0	–	-10,742	–	-0.22%	–
RAVN	Exit	RAVEN INDUSTRIES INC	$0	–	-17,423	–	-0.22%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-3,500	–	-0.22%	–
RRTS	Exit	ROADRUNNER TRNSN SVCS HLDG INC	$0	–	-18,750	–	-0.22%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-7,000	–	-0.22%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,348	–	-0.22%	–
AAPL	Exit	APPLE INC	$0	–	-4,420	–	-0.23%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP	$0	–	-3,696	–	-0.24%	–
EQT	Exit	EQT CORP	$0	–	-5,000	–	-0.24%	–
SEAC	Exit	SEACHANGE INTL INC	$0	–	-66,164	–	-0.24%	–
INVN	Exit	INVENSENSE INC	$0	–	-23,767	–	-0.24%	–
BCR	Exit	BARD C R INC	$0	–	-3,500	–	-0.26%	–
VTNR	Exit	VERTEX ENERGY INC	$0	–	-71,820	–	-0.26%	–
POWR	Exit	POWERSECURE INTL INC	$0	–	-52,181	–	-0.26%	–
SCSC	Exit	SCANSOURCE INC	$0	–	-14,529	–	-0.26%	–
PAYX	Exit	PAYCHEX INC	$0	–	-12,080	–	-0.28%	–
DXCM	Exit	DEXCOM INC	$0	–	-13,715	–	-0.28%	–
ATRI	Exit	ATRION CORP	$0	–	-1,801	–	-0.28%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,675	–	-0.30%	–
HWAY	Exit	HEALTHWAYS INC	$0	–	-35,722	–	-0.30%	–
PNC	Exit	PNC FINL SVCS GROUP	$0	–	-7,000	–	-0.31%	–
LOW	Exit	LOWES COMPANIES	$0	–	-11,500	–	-0.32%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-39,294	–	-0.32%	–
CECE	Exit	CECO ENVIRONMENTAL CORP	$0	–	-47,042	–	-0.33%	–
ESLT	Exit	ELBIT SYS LTDord	$0	–	-10,200	–	-0.33%	–
BOOM	Exit	DYNAMIC MATLS CORP	$0	–	-33,670	–	-0.33%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-4,300	–	-0.34%	–
ENS	Exit	ENERSYS	$0	–	-11,178	–	-0.34%	–
PPG	Exit	PPG INDS INC	$0	–	-3,500	–	-0.36%	–
LSTR	Exit	LANDSTAR SYS INC	$0	–	-9,865	–	-0.37%	–
AVD	Exit	AMERICAN VANGUARD CORP	$0	–	-64,075	–	-0.37%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-11,627	–	-0.38%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-16,000	–	-0.40%	–
CLB	Exit	CORE LABORATORIES	$0	–	-5,239	–	-0.40%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-11,000	–	-0.40%	–
IXYS	Exit	IXYS CORP	$0	–	-75,616	–	-0.41%	–
BRKB	Exit	BERKSHIRE HATHAWAY INCcl b	$0	–	-5,800	–	-0.42%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,580	–	-0.42%	–
PEP	Exit	PEPSICO INC	$0	–	-9,465	–	-0.46%	–
CFX	Exit	COLFAX CORP	$0	–	-16,530	–	-0.49%	–
SNCR	Exit	SYNCHRONOSS TECHNOLOGIES INC	$0	–	-21,201	–	-0.50%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-10,847	–	-0.53%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,100	–	-0.56%	–
EBAY	Exit	EBAY INC	$0	–	-19,080	–	-0.56%	–
O	Exit	REALTY INCOME CORP	$0	–	-27,120	–	-0.57%	–
SYNL	Exit	SYNALLOY CORP	$0	–	-63,613	–	-0.57%	–
FAST	Exit	FASTENAL CO	$0	–	-25,495	–	-0.59%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,304	–	-0.63%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-14,630	–	-0.64%	–
T	Exit	AT&T INC	$0	–	-36,620	–	-0.67%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-13,068	–	-0.69%	–
GLW	Exit	CORNING INC	$0	–	-69,825	–	-0.70%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-44,430	–	-0.72%	–
HCCI	Exit	HERITAGE-CYRSTAL CLEAN	$0	–	-93,623	–	-0.72%	–
KNX	Exit	KNIGHT TRANSN INC	$0	–	-53,676	–	-0.76%	–
V	Exit	VISA INC	$0	–	-7,018	–	-0.78%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-8,180	–	-0.78%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-39,827	–	-0.79%	–
USB	Exit	US BANCORP	$0	–	-36,643	–	-0.80%	–
IM	Exit	INGRAM MICRO INCcl a	$0	–	-60,105	–	-0.80%	–
CMI	Exit	CUMMINS INC	$0	–	-11,955	–	-0.82%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-20,900	–	-0.83%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-34,670	–	-0.83%	–
MJN	Exit	MEAD JOHNSON NUTRITION COcl a	$0	–	-17,018	–	-0.85%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-3,596	–	-0.86%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-21,331	–	-0.87%	–
MDT	Exit	MEDTRONIC INC	$0	–	-27,070	–	-0.87%	–
WSO	Exit	WATSCO INC	$0	–	-19,866	–	-0.89%	–
CE	Exit	CELANESE CORP	$0	–	-29,320	–	-0.89%	–
SYK	Exit	STRYKER CORP	$0	–	-21,655	–	-0.91%	–
COO	Exit	COOPER COS INC	$0	–	-11,549	–	-0.93%	–
APA	Exit	APACHE CORP	$0	–	-19,526	–	-0.95%	–
LABL	Exit	MULTI COLOR CORP	$0	–	-41,702	–	-0.98%	–
TUMI	Exit	TUMI HLDGS INC	$0	–	-93,325	–	-0.98%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-29,793	–	-1.07%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-54,750	–	-1.09%	–
BBSI	Exit	BARRETT BUSINESS SERVICES INC	$0	–	-53,432	–	-1.09%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-47,700	–	-1.10%	–
MMM	Exit	3M COMPANY	$0	–	-15,320	–	-1.12%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-17,010	–	-1.15%	–
ECL	Exit	ECOLAB INC	$0	–	-19,825	–	-1.18%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-8,320	–	-1.20%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-39,205	–	-1.20%	–
HBI	Exit	HANESBRANDS INC	$0	–	-22,420	–	-1.25%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-30,785	–	-1.30%	–
CPRT	Exit	COPART INC	$0	–	-80,690	–	-1.31%	–
VRSK	Exit	VERISK ANALYTICS INCcl a	$0	–	-42,406	–	-1.34%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-36,372	–	-1.38%	–
HCP	Exit	HCP INC	$0	–	-67,260	–	-1.38%	–
FISV	Exit	FISERV INC	$0	–	-43,115	–	-1.44%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-45,590	–	-1.48%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO	$0	–	-228,060	–	-1.50%	–
KMX	Exit	CARMAX INC	$0	–	-64,790	–	-1.56%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT CORPcl a	$0	–	-304,529	–	-1.60%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-33,797	–	-1.65%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-23,721	–	-1.79%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP INC	$0	–	-128,452	–	-1.90%	–
HAR	Exit	HARMAN INTL INDS INC	$0	–	-37,571	–	-1.91%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-61,772	–	-1.93%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-21,043	–	-2.07%	–
GNTX	Exit	GENTEX CORP	$0	–	-154,605	–	-2.14%	–
CVX	Exit	CHEVRON CORP	$0	–	-40,558	–	-2.51%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-47,448	–	-2.62%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-209,557	–	-2.78%	–
PRAA	Exit	PORTFOLIO RECOVERY ASSOCS INC	$0	–	-141,455	–	-3.83%	–
MKL	Exit	MARKEL CORP	$0	–	-13,906	–	-4.58%	–

Q3 2014

			Value		Shares		↓ Weighting
MKL	Sell	MARKEL CORP	$8,846,000	-5.3%	13,906	-2.4%	4.58%	+0.5%
PRAA	Buy	PORTFOLIO RECOVERY ASSOCS INC	$7,388,000	-3.5%	141,455	+10.0%	3.83%	+2.5%
GE	Buy	GENERAL ELECTRIC CO	$5,369,000	+11.4%	209,557	+14.2%	2.78%	+18.3%
GILD	Buy	GILEAD SCIENCES INC	$5,051,000	+38.2%	47,448	+7.6%	2.62%	+46.7%
CVX	Sell	CHEVRON CORP	$4,839,000	-60.0%	40,558	-56.2%	2.51%	-57.5%
GNTX	Buy	GENTEX CORP	$4,139,000	+32.0%	154,605	+43.4%	2.14%	+40.1%
IBM	Buy	INTL BUSINESS MACHINES	$3,995,000	+286.7%	21,043	+269.4%	2.07%	+310.9%
JPM	Sell	JP MORGAN CHASE & CO	$3,721,000	+2.4%	61,772	-2.0%	1.93%	+8.7%
HAR	Sell	HARMAN INTL INDS INC	$3,684,000	-15.3%	37,571	-7.2%	1.91%	-10.0%
HCSG	Buy	HEALTHCARE SERVICES GROUP INC	$3,675,000	+0.2%	128,452	+3.1%	1.90%	+6.4%
WHR	Buy	WHIRLPOOL CORP	$3,455,000	+39.7%	23,721	+33.5%	1.79%	+48.3%
XOM	Sell	EXXON MOBIL CORP	$3,179,000	-8.1%	33,797	-1.6%	1.65%	-2.4%
MNR	Buy	MONMOUTH REAL ESTATE INVT CORPcl a	$3,082,000	+98.2%	304,529	+96.6%	1.60%	+110.5%
KMX	Buy	CARMAX INC	$3,009,000	-1.8%	64,790	+9.9%	1.56%	+4.3%
DRH	Buy	DIAMONDROCK HOSPITALITY CO	$2,892,000	+1.4%	228,060	+2.5%	1.50%	+7.7%
EMR	Buy	EMERSON ELECTRIC CO	$2,853,000	+1.6%	45,590	+7.7%	1.48%	+7.9%
FISV	Sell	FISERV INC	$2,787,000	+6.5%	43,115	-0.6%	1.44%	+13.2%
HCP	Buy	HCP INC	$2,671,000	-0.1%	67,260	+4.0%	1.38%	+6.0%
SYNA	Buy	SYNAPTICS INC	$2,662,000	-17.8%	36,372	+1.8%	1.38%	-12.7%
VRSK	Buy	VERISK ANALYTICS INCcl a	$2,582,000	+74.9%	42,406	+72.4%	1.34%	+85.6%
CPRT	Buy	COPART INC	$2,527,000	+6.2%	80,690	+22.0%	1.31%	+12.7%
COF	Buy	CAPITAL ONE FINL CORP	$2,513,000	+3.0%	30,785	+4.2%	1.30%	+9.4%
HBI	Sell	HANESBRANDS INC	$2,409,000	+8.7%	22,420	-0.4%	1.25%	+15.4%
WAG	Buy	WALGREEN COMPANY	$2,324,000	-17.0%	39,205	+3.8%	1.20%	-11.9%
CF	Buy	CF INDS HLDGS INC	$2,323,000	+16.8%	8,320	+0.6%	1.20%	+24.0%
ECL	Sell	ECOLAB INC	$2,277,000	+0.8%	19,825	-2.3%	1.18%	+7.0%
AAP	Buy	ADVANCE AUTO PARTS INC	$2,216,000	-3.1%	17,010	+0.4%	1.15%	+2.9%
MMM	Sell	3M COMPANY	$2,170,000	-8.4%	15,320	-7.4%	1.12%	-2.8%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$2,117,000	-6.2%	47,700	-0.5%	1.10%	-0.4%
BBSI	Buy	BARRETT BUSINESS SERVICES INC	$2,110,000	-15.1%	53,432	+1.0%	1.09%	-9.9%
ORCL	Buy	ORACLE CORPORATION	$2,096,000	-4.9%	54,750	+0.7%	1.09%	+0.9%
D	Buy	DOMINION RESOURCES INC	$2,058,000	-3.1%	29,793	+0.4%	1.07%	+2.9%
TUMI	Buy	TUMI HLDGS INC	$1,899,000	+7.1%	93,325	+6.0%	0.98%	+13.6%
LABL	Sell	MULTI COLOR CORP	$1,897,000	+9.9%	41,702	-3.4%	0.98%	+16.6%
APA	Buy	APACHE CORP	$1,833,000	-6.5%	19,526	+0.2%	0.95%	-0.7%
COO	Buy	COOPER COS INC	$1,799,000	+15.9%	11,549	+0.9%	0.93%	+23.1%
SYK	Buy	STRYKER CORP	$1,749,000	-3.0%	21,655	+1.2%	0.91%	+3.0%
CE	New	CELANESE CORP	$1,716,000	–	29,320	–	0.89%	–
WSO	Buy	WATSCO INC	$1,712,000	+0.5%	19,866	+19.9%	0.89%	+6.7%
MDT	Buy	MEDTRONIC INC	$1,677,000	-1.9%	27,070	+1.0%	0.87%	+4.2%
TROW	Buy	PRICE T ROWE GROUP INC	$1,672,000	+12.1%	21,331	+20.7%	0.87%	+19.1%
ISRG	Sell	INTUITIVE SURGICAL INC	$1,661,000	+8.0%	3,596	-3.7%	0.86%	+14.6%
MJN	Buy	MEAD JOHNSON NUTRITION COcl a	$1,637,000	+52.4%	17,018	+47.6%	0.85%	+62.0%
VLO	New	VALERO ENERGY CORP	$1,604,000	–	34,670	–	0.83%	–
WMT	Buy	WAL-MART STORES INC	$1,598,000	+3.4%	20,900	+1.6%	0.83%	+9.8%
CMI	Buy	CUMMINS INC	$1,578,000	-13.7%	11,955	+0.8%	0.82%	-8.4%
IM	Buy	INGRAM MICRO INCcl a	$1,551,000	-10.8%	60,105	+1.0%	0.80%	-5.3%
USB	Sell	US BANCORP	$1,533,000	-8.8%	36,643	-5.5%	0.80%	-3.0%
KMI	Buy	KINDER MORGAN INC	$1,527,000	+14.7%	39,827	+8.5%	0.79%	+21.8%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,502,000	-22.5%	8,180	-29.3%	0.78%	-17.7%
V	Buy	VISA INC	$1,497,000	+21.2%	7,018	+19.7%	0.78%	+28.7%
KNX	Buy	KNIGHT TRANSN INC	$1,470,000	+16.5%	53,676	+1.1%	0.76%	+23.7%
HCCI	Sell	HERITAGE-CYRSTAL CLEAN	$1,391,000	-36.7%	93,623	-16.3%	0.72%	-32.7%
TOL	Sell	TOLL BROTHERS INC	$1,384,000	-32.9%	44,430	-20.6%	0.72%	-28.9%
GLW	Buy	CORNING INC	$1,350,000	-11.3%	69,825	+0.7%	0.70%	-5.8%
SLB	Sell	SCHLUMBERGER LTD	$1,329,000	-22.5%	13,068	-10.2%	0.69%	-17.7%
T	Buy	AT&T INC	$1,290,000	+2.1%	36,620	+2.4%	0.67%	+8.4%
CAT	Buy	CATERPILLAR INC	$1,218,000	-3.1%	12,304	+6.4%	0.63%	+2.8%
FAST	Buy	FASTENAL CO	$1,145,000	-9.1%	25,495	+0.1%	0.59%	-3.4%
SYNL	Buy	SYNALLOY CORP	$1,107,000	+16.6%	63,613	+10.1%	0.57%	+24.0%
O	Buy	REALTY INCOME CORP	$1,106,000	-2.9%	27,120	+5.8%	0.57%	+3.1%
EBAY	Sell	EBAY INC	$1,081,000	+11.6%	19,080	-1.4%	0.56%	+18.4%
JNJ	Buy	JOHNSON & JOHNSON	$1,077,000	+62.2%	10,100	+59.2%	0.56%	+72.2%
TECH	New	BIO TECHNE CORP	$1,015,000	–	10,847	–	0.53%	–
SNCR	Sell	SYNCHRONOSS TECHNOLOGIES INC	$971,000	+0.4%	21,201	-23.3%	0.50%	+6.6%
CFX	Sell	COLFAX CORP	$942,000	-50.4%	16,530	-35.2%	0.49%	-47.4%
PEP	Buy	PEPSICO INC	$881,000	+32.1%	9,465	+26.8%	0.46%	+40.2%
MCD	Sell	MCDONALDS CORP	$813,000	-35.4%	8,580	-31.3%	0.42%	-31.4%
IXYS	Buy	IXYS CORP	$794,000	-14.2%	75,616	+0.7%	0.41%	-8.8%
CLB	New	CORE LABORATORIES	$767,000	–	5,239	–	0.40%	–
NVO	Sell	NOVO-NORDISK A Sadr	$762,000	-69.5%	16,000	-70.4%	0.40%	-67.6%
SLCA	Sell	U S SILICA HLDGS INC	$727,000	-33.9%	11,627	-41.4%	0.38%	-29.8%
AVD	Buy	AMERICAN VANGUARD CORP	$718,000	-14.7%	64,075	+0.5%	0.37%	-9.5%
LSTR	Sell	LANDSTAR SYS INC	$712,000	+10.6%	9,865	-2.0%	0.37%	+17.5%
ENS	Buy	ENERSYS	$655,000	-14.4%	11,178	+0.5%	0.34%	-9.1%
ORLY	Sell	O REILLY AUTOMOTIVE INC	$647,000	-0.6%	4,300	-0.6%	0.34%	+5.3%
BOOM	Buy	DYNAMIC MATLS CORP	$641,000	-13.6%	33,670	+0.5%	0.33%	-8.3%
CECE	Buy	CECO ENVIRONMENTAL CORP	$630,000	-13.7%	47,042	+0.4%	0.33%	-8.1%
FOXF	New	FOX FACTORY HLDG CORP	$609,000	–	39,294	–	0.32%	–
CSGP	Buy	COSTAR GROUP INC	$572,000	+18.2%	3,675	+20.1%	0.30%	+25.4%
HWAY	Buy	HEALTHWAYS INC	$572,000	-8.6%	35,722	+0.1%	0.30%	-3.3%
ATRI	Buy	ATRION CORP	$549,000	-6.3%	1,801	+0.2%	0.28%	-0.3%
DXCM	Sell	DEXCOM INC	$548,000	-2.8%	13,715	-3.6%	0.28%	+3.3%
PAYX	Buy	PAYCHEX INC	$534,000	+42.4%	12,080	+33.9%	0.28%	+51.4%
SCSC	Buy	SCANSOURCE INC	$503,000	-8.9%	14,529	+0.2%	0.26%	-3.3%
VTNR	Buy	VERTEX ENERGY INC	$500,000	-25.3%	71,820	+4.2%	0.26%	-20.8%
POWR	Buy	POWERSECURE INTL INC	$500,000	+13.1%	52,181	+15.1%	0.26%	+19.9%
INVN	Sell	INVENSENSE INC	$469,000	-14.1%	23,767	-1.3%	0.24%	-9.0%
SEAC	Buy	SEACHANGE INTL INC	$461,000	+61.8%	66,164	+85.9%	0.24%	+71.9%
DHIL	Buy	DIAMOND HILL INVESTMENT GROUP	$455,000	-3.4%	3,696	+0.2%	0.24%	+2.6%
AAPL	Buy	APPLE INC	$445,000	+120.3%	4,420	+103.7%	0.23%	+133.3%
AMZN	New	AMAZON COM INC	$435,000	–	1,348	–	0.22%	–
RRTS	Buy	ROADRUNNER TRNSN SVCS HLDG INC	$427,000	-18.5%	18,750	+0.5%	0.22%	-13.7%
RAVN	Sell	RAVEN INDUSTRIES INC	$425,000	-52.3%	17,423	-35.2%	0.22%	-49.4%
BLKB	Sell	BLACKBAUD INC	$422,000	+9.6%	10,742	-0.2%	0.22%	+16.5%
ABT	Sell	ABBOTT LABORATORIES	$416,000	-36.4%	10,001	-37.5%	0.22%	-32.3%
VASC	Buy	VASCULAR SOLUTIONS INC	$400,000	+12.0%	16,206	+0.8%	0.21%	+19.0%
TYPE	Buy	MONOTYPE IMAGING HOLDINGS INC	$390,000	+1.0%	13,783	+0.5%	0.20%	+7.4%
DCI	Buy	DONALDSON COMPANY INC	$385,000	+5.8%	9,486	+10.3%	0.20%	+12.4%
BECN	Buy	BEACON ROOFING SUPPLY INC	$378,000	-22.7%	14,816	+0.3%	0.20%	-18.0%
UTEK	Buy	ULTRATECH INC	$377,000	+3.0%	16,593	+0.6%	0.20%	+8.9%
BRLI	Sell	BIO-REFERENCE LABS INC	$360,000	-52.9%	12,846	-49.3%	0.19%	-50.0%
RPXC	New	RPX CORP	$358,000	–	26,052	–	0.19%	–
ORBK	New	ORBOTECH LTD	$357,000	–	22,900	–	0.18%	–
CPSI	Sell	COMPUTER PROGRAMS & SYS INC	$342,000	-21.4%	5,948	-13.0%	0.18%	-16.5%
BBBY	Sell	BED BATH & BEYOND INC	$329,000	-66.6%	5,000	-70.9%	0.17%	-64.4%
CGIPQ	Sell	CELADON GROUP INC	$330,000	-9.6%	16,943	-0.9%	0.17%	-3.9%
SLAB	Sell	SILICON LABORATORIES INC	$330,000	-27.2%	8,108	-11.9%	0.17%	-22.6%
FLO	Sell	FLOWERS FOODS INC	$312,000	-79.0%	17,000	-75.9%	0.16%	-77.7%
UPS	Sell	UNITED PARCEL SERVICE INC	$300,000	-83.7%	3,053	-83.0%	0.16%	-82.6%
CAVM	Sell	CAVIUM INC	$297,000	-15.1%	5,975	-15.2%	0.15%	-9.9%
FDI	Sell	FORT DEARBORN INCOME SECS	$291,000	-4.3%	20,135	-1.2%	0.15%	+2.0%
SYY	Sell	SYSCO CORP	$285,000	-40.1%	7,510	-40.9%	0.15%	-36.2%
BSFT	Buy	BROADSOFT INC	$268,000	-19.5%	12,733	+0.8%	0.14%	-14.7%
KO	New	COCA COLA CO	$236,000	–	5,525	–	0.12%	–
KRFT	Buy	KRAFT FOODS GROUP	$225,000	-4.3%	3,998	+1.8%	0.12%	+1.7%
ATR	Sell	APTARGROUP INC	$225,000	-32.8%	3,700	-26.0%	0.12%	-28.7%
ABCO	Sell	ADVISORY BRD CO	$221,000	-10.5%	4,745	-0.6%	0.12%	-5.0%
INTC	New	INTEL	$222,000	–	6,381	–	0.12%	–
GOOGL	New	GOOGLE INC	$219,000	–	373	–	0.11%	–
EMF	Sell	TEMPLETON EMERGING MKTS FD INC	$207,000	-11.5%	11,665	-9.2%	0.11%	-6.1%
CYTX	Sell	CYTORI THERAPEUTICS INC	$205,000	-72.6%	302,621	-3.4%	0.11%	-71.0%
SZYM	Buy	SOLAZYME INC	$175,000	-35.9%	23,454	+1.0%	0.09%	-31.6%
DOV	Exit	DOVER CORP	$0	–	-2,256	–	-0.10%	–
CAI	Exit	CAI INTERNATIONAL INC	$0	–	-9,595	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,960	–	-0.12%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-5,816	–	-0.14%	–
ARCC	Exit	ARES CAP CORP	$0	–	-16,234	–	-0.14%	–
VCRA	Exit	VOCERA COMMUNICATIONS	$0	–	-26,945	–	-0.17%	–
NXPI	Exit	NXP SEMICONDUCTORS NV COM	$0	–	-6,000	–	-0.19%	–
GOOD	Exit	GLADSTONE COML CORP	$0	–	-26,563	–	-0.23%	–
LINEQ	Exit	LINN ENERGY LLCunit	$0	–	-23,431	–	-0.37%	–
MU	Exit	MICRON TECHNOLOGY	$0	–	-25,000	–	-0.40%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-14,862	–	-0.74%	–
MSFT	Exit	MICROSOFT	$0	–	-77,262	–	-1.57%	–

Q2 2014

			Value		Shares		↓ Weighting
CVX	New	CHEVRON CORP	$12,090,000	–	92,610	–	5.90%	–
MKL	New	MARKEL CORP	$9,344,000	–	14,251	–	4.56%	–
PRAA	New	PORTFOLIO RECOVERY ASSOCS INC	$7,657,000	–	128,618	–	3.74%	–
GE	New	GENERAL ELECTRIC CO	$4,820,000	–	183,428	–	2.35%	–
HAR	New	HARMAN INTL INDS INC	$4,349,000	–	40,486	–	2.12%	–
HCSG	New	HEALTHCARE SERVICES GROUP INC	$3,668,000	–	124,595	–	1.79%	–
GILD	New	GILEAD SCIENCES INC	$3,656,000	–	44,093	–	1.78%	–
JPM	New	JP MORGAN CHASE & CO	$3,633,000	–	63,046	–	1.77%	–
XOM	New	EXXON MOBIL CORP	$3,458,000	–	34,347	–	1.69%	–
SYNA	New	SYNAPTICS INC	$3,238,000	–	35,727	–	1.58%	–
MSFT	New	MICROSOFT	$3,222,000	–	77,262	–	1.57%	–
GNTX	New	GENTEX CORP	$3,136,000	–	107,792	–	1.53%	–
KMX	New	CARMAX INC	$3,065,000	–	58,935	–	1.50%	–
DRH	New	DIAMONDROCK HOSPITALITY	$2,851,000	–	222,415	–	1.39%	–
EMR	New	EMERSON ELECTRIC CO	$2,808,000	–	42,316	–	1.37%	–
WAG	New	WALGREEN COMPANY	$2,800,000	–	37,770	–	1.37%	–
HCP	New	HCP INC	$2,675,000	–	64,645	–	1.31%	–
FISV	New	FISERV INC	$2,616,000	–	43,370	–	1.28%	–
NVO	New	NOVO-NORDISK A/S ADR ADR CMNadr	$2,497,000	–	54,070	–	1.22%	–
BBSI	New	BARRETT BUSINESS SERVICES IN	$2,486,000	–	52,888	–	1.21%	–
WHR	New	WHIRLPOOL CORP	$2,474,000	–	17,770	–	1.21%	–
COF	New	CAPITAL ONE FINL CORP	$2,439,000	–	29,530	–	1.19%	–
CPRT	New	COPART INC	$2,379,000	–	66,143	–	1.16%	–
MMM	New	3M COMPANY	$2,370,000	–	16,544	–	1.16%	–
AAP	New	ADVANCE AUTO PARTS INC	$2,287,000	–	16,950	–	1.12%	–
ECL	New	ECOLAB INC	$2,260,000	–	20,300	–	1.10%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$2,256,000	–	47,926	–	1.10%	–
HBI	New	HANESBRANDS INC	$2,216,000	–	22,515	–	1.08%	–
ORCL	New	ORACLE CORPORATION	$2,203,000	–	54,355	–	1.08%	–
HCCI	New	HERITAGE-CYRSTAL CLEAN IN	$2,196,000	–	111,882	–	1.07%	–
D	New	DOMINION RESOURCES INC	$2,123,000	–	29,688	–	1.04%	–
TOL	New	TOLL BROS INC	$2,064,000	–	55,930	–	1.01%	–
CF	New	CF INDS HLDGS INC	$1,989,000	–	8,270	–	0.97%	–
APA	New	APACHE CORP	$1,960,000	–	19,481	–	0.96%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,937,000	–	11,570	–	0.95%	–
CFX	New	COLFAX CORP	$1,900,000	–	25,490	–	0.93%	–
UPS	New	UNITED PARCEL SERVICE INC	$1,840,000	–	17,925	–	0.90%	–
CMI	New	CUMMINS INC	$1,829,000	–	11,855	–	0.89%	–
SYK	New	STRYKER CORP	$1,804,000	–	21,390	–	0.88%	–
TUMI	New	TUMI HLDGS INC	$1,773,000	–	88,064	–	0.87%	–
IM	New	INGRAM MICRO INCcl a	$1,738,000	–	59,505	–	0.85%	–
LABL	New	MULTI COLOR CORP	$1,726,000	–	43,149	–	0.84%	–
SLB	New	SCHLUMBERGER LTD	$1,715,000	–	14,545	–	0.84%	–
MDT	New	MEDTRONIC INC	$1,709,000	–	26,805	–	0.83%	–
WSO	New	WATSCO INC	$1,703,000	–	16,569	–	0.83%	–
USB	New	US BANCORP	$1,680,000	–	38,793	–	0.82%	–
MNR	New	MONMOUTH REAL ESTATEINVT CORPcl a	$1,555,000	–	154,900	–	0.76%	–
COO	New	COOPER COS INC	$1,552,000	–	11,449	–	0.76%	–
WMT	New	WAL-MART STORES INC	$1,545,000	–	20,580	–	0.75%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$1,538,000	–	3,736	–	0.75%	–
LH	New	LABORATORY CORP OF AMERICA	$1,522,000	–	14,862	–	0.74%	–
GLW	New	CORNING INC COM	$1,522,000	–	69,325	–	0.74%	–
TROW	New	T ROWE PRICE GROUP INC	$1,492,000	–	17,678	–	0.73%	–
FLO	New	FLOWERS FOODS INC	$1,488,000	–	70,565	–	0.73%	–
VRSK	New	VERISK ANALYTICS INCcl a	$1,476,000	–	24,594	–	0.72%	–
KMI	New	KINDER MORGAN INC	$1,331,000	–	36,698	–	0.65%	–
T	New	AT&T INC	$1,264,000	–	35,745	–	0.62%	–
KNX	New	KNIGHT TRANSPORTATION INC	$1,262,000	–	53,083	–	0.62%	–
FAST	New	FASTENAL CO	$1,260,000	–	25,460	–	0.62%	–
CAT	New	CATERPILLAR INC	$1,257,000	–	11,565	–	0.61%	–
MCD	New	MCDONALDS CORP	$1,258,000	–	12,485	–	0.61%	–
V	New	VISA INC	$1,235,000	–	5,862	–	0.60%	–
PG	New	PROCTER & GAMBLE CO	$1,150,000	–	14,630	–	0.56%	–
O	New	REALTY INCOME CORP	$1,139,000	–	25,645	–	0.56%	–
SLCA	New	U S SILICA HLDGS INC	$1,100,000	–	19,846	–	0.54%	–
MJN	New	MEAD JOHNSON NUTRITION COcl a	$1,074,000	–	11,530	–	0.52%	–
IBM	New	INTL BUSINESS MACHINES	$1,033,000	–	5,696	–	0.50%	–
BBBY	New	BED BATH & BEYOND INC	$985,000	–	17,168	–	0.48%	–
EBAY	New	EBAY INC	$969,000	–	19,355	–	0.47%	–
SNCR	New	SYNCHRONOSS TECHNOLOGIES INC	$967,000	–	27,650	–	0.47%	–
SYNL	New	SYNALLOY CORP DEL	$949,000	–	57,783	–	0.46%	–
IXYS	New	IXYS CORP	$925,000	–	75,106	–	0.45%	–
RAVN	New	RAVEN INDUSTRIES INC	$891,000	–	26,883	–	0.44%	–
AVD	New	AMERICAN VANGUARD CORP	$842,000	–	63,725	–	0.41%	–
MU	New	MICRON TECHNOLOGY	$824,000	–	25,000	–	0.40%	–
CHD	New	CHURCH & DWIGHT INC	$769,000	–	11,000	–	0.38%	–
ENS	New	ENERSYS COM	$765,000	–	11,118	–	0.37%	–
BRLI	New	BIO-REFERENCE LABS	$765,000	–	25,327	–	0.37%	–
LINEQ	New	LINN ENERGY LLCunit	$758,000	–	23,431	–	0.37%	–
CYTX	New	CYTORI THERAPEUTICS	$749,000	–	313,271	–	0.37%	–
BOOM	New	DYNAMIC MATERIALS CORP	$742,000	–	33,515	–	0.36%	–
PPG	New	PPG INDS INC	$736,000	–	3,500	–	0.36%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b	$734,000	–	5,800	–	0.36%	–
CECE	New	CECO ENVIRONMENTAL CORP	$730,000	–	46,852	–	0.36%	–
VTNR	New	VERTEX ENERGY INC COM	$669,000	–	68,920	–	0.33%	–
PEP	New	PEPSICO INC	$667,000	–	7,465	–	0.33%	–
JNJ	New	JOHNSON & JOHNSON	$664,000	–	6,345	–	0.32%	–
ABT	New	ABBOTT LABORATORIES	$654,000	–	16,001	–	0.32%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$651,000	–	4,325	–	0.32%	–
LSTR	New	LANDSTAR SYSTEMS INC	$644,000	–	10,065	–	0.31%	–
HWAY	New	HEALTHWAYS INC	$626,000	–	35,672	–	0.31%	–
ESLT	New	ELBIT SYSTEMS LTDord	$627,000	–	10,200	–	0.31%	–
PNC	New	PNC FINL SVCS GROUP	$623,000	–	7,000	–	0.30%	–
ATRI	New	ATRION CORP	$586,000	–	1,797	–	0.29%	–
DXCM	New	DEXCOM INC COM	$564,000	–	14,223	–	0.28%	–
SCSC	New	SCANSOURCE INC	$552,000	–	14,499	–	0.27%	–
LOW	New	LOWES COMPANIES	$552,000	–	11,500	–	0.27%	–
INVN	New	INVENSENSE INC	$546,000	–	24,072	–	0.27%	–
EQT	New	EQT CORP	$535,000	–	5,000	–	0.26%	–
RRTS	New	ROADRUNNER TRANSHOLDINGS INC	$524,000	–	18,650	–	0.26%	–
BCR	New	BARD C R INC	$501,000	–	3,500	–	0.24%	–
BECN	New	BEACON ROOFING SUPPLY	$489,000	–	14,771	–	0.24%	–
CSGP	New	COSTAR GRP INC	$484,000	–	3,059	–	0.24%	–
HUBG	New	HUB GROUP INCcl a	$479,000	–	9,500	–	0.23%	–
GOOD	New	GLADSTONE COML CORP	$475,000	–	26,563	–	0.23%	–
SYY	New	SYSCO CORP	$476,000	–	12,705	–	0.23%	–
DHIL	New	DIAMOND HILL INVT GROUP	$471,000	–	3,687	–	0.23%	–
BNS	New	BANK OF N S HALIFAX	$466,000	–	7,000	–	0.23%	–
SLAB	New	SILICON LABORATORIES INC	$453,000	–	9,203	–	0.22%	–
POWR	New	POWERSECURE INTL INC	$442,000	–	45,336	–	0.22%	–
CPSI	New	COMPUTER PROGRAMS & SYSTEMS INC	$435,000	–	6,833	–	0.21%	–
RVT	New	ROYCE VALUE TR INC	$432,000	–	27,027	–	0.21%	–
TECD	New	TECH DATA CORP COM	$418,000	–	6,690	–	0.20%	–
TMO	New	THERMO FISHER SCIENTIFIC	$413,000	–	3,500	–	0.20%	–
NXPI	New	NXP SEMICONDUCTORS NV COM	$397,000	–	6,000	–	0.19%	–
MDLZ	New	MONDELEZ INTL INCcl a	$395,000	–	10,500	–	0.19%	–
BLKB	New	BLACKBAUD INC	$385,000	–	10,761	–	0.19%	–
TYPE	New	MONOTYPE IMAGING HLDGS INC	$386,000	–	13,718	–	0.19%	–
TFM	New	FRESH MARKET INC	$378,000	–	11,291	–	0.18%	–
PAYX	New	PAYCHEX INC	$375,000	–	9,020	–	0.18%	–
UTEK	New	ULTRATECH INC	$366,000	–	16,493	–	0.18%	–
CGIPQ	New	CELADON GROUP INC	$365,000	–	17,098	–	0.18%	–
DCI	New	DONALDSON COMPANY INC	$364,000	–	8,600	–	0.18%	–
VCRA	New	VOCERA COMMUNICATIONS	$356,000	–	26,945	–	0.17%	–
VASC	New	VASCULAR SOLUTIONS INC	$357,000	–	16,081	–	0.17%	–
CAVM	New	CAVIUM INC	$350,000	–	7,044	–	0.17%	–
MTSC	New	MTS SYS CORP	$343,000	–	5,061	–	0.17%	–
ATR	New	APTARGROUP INC	$335,000	–	5,000	–	0.16%	–
BSFT	New	BROADSOFT INC	$333,000	–	12,628	–	0.16%	–
DHR	New	DANAHER CORP	$315,000	–	4,000	–	0.15%	–
CRMT	New	AMERICA'S CAR-MART INC	$306,000	–	7,744	–	0.15%	–
FDI	New	FORT DEARBORN INCOME SECS INC	$304,000	–	20,385	–	0.15%	–
ACAS	New	AMERICAN CAPITAL LTD	$304,000	–	19,900	–	0.15%	–
ARCC	New	ARES CAP CORP	$290,000	–	16,234	–	0.14%	–
SEAC	New	SEACHANGE INTL INC	$285,000	–	35,584	–	0.14%	–
VZ	New	VERIZON COMMUNICATIONS	$285,000	–	5,816	–	0.14%	–
SZYM	New	SOLAZYME INC	$273,000	–	23,214	–	0.13%	–
TISI	New	TEAM INC	$270,000	–	6,592	–	0.13%	–
PM	New	PHILIP MORRIS INTL INC	$249,000	–	2,960	–	0.12%	–
ABCO	New	ADVISORY BOARD CO	$247,000	–	4,775	–	0.12%	–
KRFT	New	KRAFT FOODS GROUP	$235,000	–	3,928	–	0.12%	–
EMF	New	TEMPLETON EMERGING MKTS FD INC MUTUAL FUND	$234,000	–	12,840	–	0.11%	–
CAI	New	CAI INTERNATIONAL INC	$211,000	–	9,595	–	0.10%	–
DOV	New	DOVER CORP	$205,000	–	2,256	–	0.10%	–
APH	New	AMPHENOL CORPcl a	$205,000	–	2,125	–	0.10%	–
AAPL	New	APPLE INC	$202,000	–	2,170	–	0.10%	–

Q4 2013

			Value		Shares		↓ Weighting
GAIN	Exit	Gladstone Investment Corporation	$0	–	-20,750	–	-0.08%	–
CYTX	Exit	Cytori Therapeutics Inc.	$0	–	-72,100	–	-0.10%	–
MELA	Exit	MELA Sciences, Inc	$0	–	-237,605	–	-0.10%	–
GLAD	Exit	Gladstone Capital Corporation	$0	–	-20,367	–	-0.10%	–
DOV	Exit	Dover Corporation	$0	–	-2,256	–	-0.12%	–
ADP	Exit	Automatic Data Processing, Inc.	$0	–	-2,800	–	-0.12%	–
CAI	Exit	CAI International Inc.	$0	–	-9,020	–	-0.12%	–
HIGWS	Exit	Hartford Fin.Svcs. Wts. 06.26.2019*w	$0	–	-10,000	–	-0.13%	–
ARCC	Exit	Ares Capital Corporation	$0	–	-13,650	–	-0.14%	–
SZYM	Exit	Solazyme Inc.	$0	–	-22,025	–	-0.14%	–
GOOGL	Exit	Google Inc.cl a	$0	–	-272	–	-0.14%	–
APH	Exit	Amphenol Corporationcl a	$0	–	-3,150	–	-0.14%	–
TISI	Exit	Team Inc.	$0	–	-6,165	–	-0.14%	–
VASC	Exit	Vascular Solutions Inc.	$0	–	-14,775	–	-0.14%	–
ABCO	Exit	The Advisory Board Company	$0	–	-4,435	–	-0.15%	–
CAVM	Exit	Cavium Inc.	$0	–	-6,400	–	-0.15%	–
CAR	Exit	Avis Budget Group Inc.	$0	–	-9,450	–	-0.16%	–
DHR	Exit	Danaher Corporation	$0	–	-4,000	–	-0.16%	–
ATR	Exit	Aptargroup, Inc.	$0	–	-4,600	–	-0.16%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-5,960	–	-0.16%	–
LXU	Exit	LSB Industries, Inc.	$0	–	-8,390	–	-0.16%	–
DCI	Exit	Donaldson Company, Inc.	$0	–	-7,400	–	-0.16%	–
CSGP	Exit	CoStar Group, Inc.	$0	–	-1,730	–	-0.17%	–
ABT	Exit	Abbott Laboratories	$0	–	-9,001	–	-0.17%	–
MTSC	Exit	MTS Systems Corp.	$0	–	-4,750	–	-0.18%	–
FDI	Exit	Fort Dearborn Income Securities Inc.	$0	–	-21,950	–	-0.18%	–
EMF	Exit	Templeton Emerging Market Fund	$0	–	-16,640	–	-0.18%	–
MDLZ	Exit	Mondelez Intl Inc Comcl a	$0	–	-10,000	–	-0.18%	–
Y	Exit	Alleghany Corp.	$0	–	-775	–	-0.18%	–
IXYS	Exit	Ixys Corp.	$0	–	-33,100	–	-0.18%	–
EQT	Exit	EQT Corporation	$0	–	-3,600	–	-0.18%	–
BNS	Exit	Bank Of Nova Scotia	$0	–	-5,600	–	-0.19%	–
TMO	Exit	Thermo Fisher Scientific Inc.	$0	–	-3,500	–	-0.19%	–
PAYX	Exit	Paychex Inc	$0	–	-8,500	–	-0.20%	–
HUBG	Exit	Hub Group, Inc.cl a	$0	–	-8,880	–	-0.20%	–
SCSC	Exit	Scansource, Inc.	$0	–	-10,510	–	-0.21%	–
TYPE	Exit	Monotype Imaging Hldgs Inc	$0	–	-12,815	–	-0.21%	–
SLAB	Exit	Silicon Laboratories Inc.	$0	–	-8,655	–	-0.22%	–
CPSI	Exit	Computer Programs & Systems Inc.	$0	–	-6,405	–	-0.22%	–
DXCM	Exit	Dexcom Inc.	$0	–	-13,345	–	-0.22%	–
SEAC	Exit	Seachange Intl Inc.	$0	–	-33,235	–	-0.22%	–
TECD	Exit	Tech Data Corp.	$0	–	-7,900	–	-0.23%	–
BLKB	Exit	Blackbaud, Inc.	$0	–	-10,075	–	-0.23%	–
ABBV	Exit	AbbVie Inc.	$0	–	-8,826	–	-0.23%	–
INVN	Exit	InvenSense, Inc.	$0	–	-22,625	–	-0.23%	–
CECE	Exit	CECO Environmental Corp.	$0	–	-28,365	–	-0.23%	–
BCR	Exit	CR Bard Inc.	$0	–	-3,500	–	-0.23%	–
SYY	Exit	Sysco Corp.	$0	–	-12,765	–	-0.24%	–
SNCR	Exit	Synchronoss Technologies Inc.	$0	–	-10,865	–	-0.24%	–
FURX	Exit	Furiex Pharmaceuticals Inc.	$0	–	-9,489	–	-0.24%	–
CGIPQ	Exit	Celadon Group Inc.	$0	–	-22,320	–	-0.24%	–
PNC	Exit	PNC Finl Svcs Group	$0	–	-5,800	–	-0.24%	–
BSFT	Exit	Broadsoft Inc.	$0	–	-11,815	–	-0.25%	–
HXL	Exit	Hexcel Corporation	$0	–	-11,060	–	-0.25%	–
ESLT	Exit	Elbit Systemsord	$0	–	-8,000	–	-0.25%	–
ATRI	Exit	Atrion Corp	$0	–	-1,685	–	-0.25%	–
RVT	Exit	Royce Value Trust, Inc.	$0	–	-27,527	–	-0.26%	–
CRMT	Exit	America's Car-Mart, Inc.	$0	–	-9,855	–	-0.26%	–
POWR	Exit	Powersecure Intl Inc.	$0	–	-28,050	–	-0.26%	–
APC	Exit	Anadarko Petroleum Corporation	$0	–	-4,900	–	-0.26%	–
VCRA	Exit	Vocera Communications Inc.	$0	–	-25,150	–	-0.27%	–
PPG	Exit	PPG Industries Inc.	$0	–	-2,900	–	-0.28%	–
BECN	Exit	Beacon Roofing Supply, Inc.	$0	–	-13,820	–	-0.30%	–
GOOD	Exit	Gladstone Commercial Corporation	$0	–	-29,521	–	-0.31%	–
CHD	Exit	Church & Dwight Company, Inc.	$0	–	-9,400	–	-0.33%	–
HWAY	Exit	Healthways, Inc.	$0	–	-33,400	–	-0.36%	–
PM	Exit	Philip Morris International Inc.	$0	–	-7,160	–	-0.36%	–
ORLY	Exit	O'Reilly Automotive, Inc.	$0	–	-4,900	–	-0.36%	–
BRKB	Exit	Berkshire Hathaway Inc.cl b	$0	–	-5,500	–	-0.36%	–
SLCA	Exit	U.S. Silica Holdings, Inc.	$0	–	-25,535	–	-0.37%	–
VMI	Exit	Valmont Industries, Inc.	$0	–	-4,725	–	-0.38%	–
JNJ	Exit	Johnson & Johnson	$0	–	-7,625	–	-0.38%	–
RAVN	Exit	Raven Industries Inc.	$0	–	-20,775	–	-0.40%	–
DVA	Exit	DaVita, Inc.	$0	–	-12,700	–	-0.42%	–
BOOM	Exit	Dynamic Materials Corporation	$0	–	-31,250	–	-0.42%	–
PEP	Exit	Pepsico, Inc.	$0	–	-9,165	–	-0.42%	–
BRLI	Exit	Bio-Reference Labs, Inc.	$0	–	-25,811	–	-0.45%	–
LSTR	Exit	Landstar System, Inc.	$0	–	-13,975	–	-0.46%	–
GGG	Exit	Graco Inc.	$0	–	-10,880	–	-0.47%	–
LINEQ	Exit	Linn Energy, LLCunit	$0	–	-33,004	–	-0.50%	–
ENS	Exit	EnerSys	$0	–	-14,500	–	-0.51%	–
WSO	Exit	Watsco, Inc.cl b	$0	–	-9,405	–	-0.52%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-10,835	–	-0.53%	–
PG	Exit	Procter & Gamble Co.	$0	–	-11,955	–	-0.53%	–
PPO	Exit	Polypore International Inc.	$0	–	-22,460	–	-0.54%	–
TUMI	Exit	Tumi Holdings, Inc.	$0	–	-50,970	–	-0.60%	–
O	Exit	Realty Income Corp	$0	–	-26,050	–	-0.60%	–
GLW	Exit	Corning Inc.	$0	–	-73,795	–	-0.63%	–
KMI	Exit	Kinder Morgan Inc.	$0	–	-30,638	–	-0.63%	–
V	Exit	Visa, Inc.	$0	–	-5,785	–	-0.64%	–
FAST	Exit	Fastenal Company	$0	–	-22,360	–	-0.65%	–
MCD	Exit	McDonald's Corporation	$0	–	-11,760	–	-0.66%	–
DHIL	Exit	Diamond Hill Investment Group Inc.	$0	–	-10,780	–	-0.67%	–
HCP	Exit	HCP, Inc.	$0	–	-28,330	–	-0.67%	–
EBAY	Exit	Ebay Inc.	$0	–	-21,983	–	-0.71%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-17,060	–	-0.71%	–
T	Exit	AT&T Inc.	$0	–	-36,575	–	-0.72%	–
GS	Exit	The Goldman Sachs Group, Inc.	$0	–	-8,555	–	-0.79%	–
LABL	Exit	Multi-Color Corporation	$0	–	-40,385	–	-0.80%	–
USB	Exit	US Bancorp	$0	–	-39,313	–	-0.84%	–
VRSK	Exit	Verisk Analyticscl a	$0	–	-22,569	–	-0.85%	–
MNR	Exit	Monmouth Real Estate Investment Corp.cl a	$0	–	-163,330	–	-0.86%	–
GILD	Exit	Gilead Sciences, Inc.	$0	–	-24,025	–	-0.88%	–
PH	Exit	Parker-Hannafin Corp	$0	–	-13,894	–	-0.88%	–
MDT	Exit	Medtronic, Inc.	$0	–	-28,740	–	-0.89%	–
LH	Exit	Laboratory Corporation of America	$0	–	-15,482	–	-0.89%	–
HBI	Exit	Hanesbrands Inc.	$0	–	-24,725	–	-0.90%	–
SYK	Exit	Stryker Corp.	$0	–	-23,005	–	-0.90%	–
ORBK	Exit	Orbotech Ltdord	$0	–	-130,160	–	-0.91%	–
AVD	Exit	American Vanguard Corporation	$0	–	-58,185	–	-0.91%	–
PKI	Exit	PerkinElmer, Inc.	$0	–	-41,620	–	-0.91%	–
COO	Exit	The Cooper Companies, Inc.	$0	–	-12,224	–	-0.92%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-21,553	–	-0.93%	–
AAP	Exit	Advance Auto Parts Inc.	$0	–	-19,515	–	-0.94%	–
CFX	Exit	Colfax Corporation	$0	–	-29,712	–	-0.98%	–
CMI	Exit	Cummins Inc.	$0	–	-12,760	–	-0.99%	–
ORCL	Exit	Oracle Corporation	$0	–	-53,635	–	-1.03%	–
APA	Exit	Apache Corp.	$0	–	-20,926	–	-1.04%	–
SLB	Exit	Schlumberger Limited	$0	–	-20,685	–	-1.06%	–
NVO	Exit	Novo-Nordiskadr	$0	–	-11,010	–	-1.08%	–
GNTX	Exit	Gentex Corporation	$0	–	-73,005	–	-1.09%	–
CF	Exit	CF Industries Holdings	$0	–	-8,900	–	-1.09%	–
CBI	Exit	Chicago Bridge & Iron Co. N.V.ny reg	$0	–	-27,885	–	-1.10%	–
LLTC	Exit	Linear Technology Corporation	$0	–	-48,291	–	-1.11%	–
BBBY	Exit	Bed Bath & Beyond Inc.	$0	–	-25,743	–	-1.16%	–
HCCI	Exit	Heritage Crystal Clean, Inc.	$0	–	-110,933	–	-1.16%	–
COF	Exit	Capital One Financial Corp.	$0	–	-29,605	–	-1.18%	–
ECL	Exit	Ecolab Inc.	$0	–	-20,750	–	-1.19%	–
D	Exit	Dominion Resources Inc.	$0	–	-33,453	–	-1.22%	–
DRH	Exit	Diamondrock Hospitality Co.	$0	–	-198,327	–	-1.23%	–
FISV	Exit	Fiserv Inc.	$0	–	-22,045	–	-1.30%	–
WAG	Exit	Walgreen Co.	$0	–	-42,510	–	-1.33%	–
ISRG	Exit	Intuitive Surgical, Inc.	$0	–	-6,583	–	-1.44%	–
KMX	Exit	Carmax, Inc.	$0	–	-56,025	–	-1.58%	–
MSFT	Exit	Microsoft Corp.	$0	–	-82,672	–	-1.60%	–
XOM	Exit	Exxon Mobil	$0	–	-34,217	–	-1.71%	–
HCSG	Exit	Healthcare Services Group, Inc.	$0	–	-116,696	–	-1.75%	–
EMR	Exit	Emerson Electric Company	$0	–	-46,941	–	-1.77%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-60,559	–	-1.82%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-66,898	–	-1.85%	–
HAR	Exit	Harman International Industries, Inc.	$0	–	-53,389	–	-2.06%	–
UPS	Exit	United Parcel Service, Inc.cl b	$0	–	-39,225	–	-2.08%	–
CVX	Exit	Chevron Corporation	$0	–	-30,417	–	-2.15%	–
MMM	Exit	3M Company	$0	–	-31,178	–	-2.16%	–
GE	Exit	General Electric Co.	$0	–	-174,096	–	-2.42%	–
BBSI	Exit	Barrett Business Services, Inc.	$0	–	-84,251	–	-3.30%	–
PRAA	Exit	Portfolio Recovery Associates, Inc.	$0	–	-102,947	–	-3.59%	–
MKL	Exit	Markel Corporation	$0	–	-13,188	–	-3.97%	–

Q3 2013

			Value		Shares		↓ Weighting
MKL	Buy	Markel Corporation	$6,828,000	+6.1%	13,188	+8.0%	3.97%	-16.5%
PRAA	Buy	Portfolio Recovery Associates, Inc.	$6,170,000	+38.5%	102,947	+254.9%	3.59%	+9.0%
BBSI	Buy	Barrett Business Services, Inc.	$5,671,000	+73.6%	84,251	+34.7%	3.30%	+36.7%
GE	Buy	General Electric Co.	$4,159,000	+6.4%	174,096	+3.3%	2.42%	-16.3%
MMM	Sell	3M Company	$3,723,000	-1.1%	31,178	-9.4%	2.16%	-22.1%
CVX	Buy	Chevron Corporation	$3,696,000	+110.2%	30,417	+104.8%	2.15%	+65.6%
UPS	Sell	United Parcel Service, Inc.cl b	$3,584,000	+3.5%	39,225	-2.1%	2.08%	-18.5%
HAR	Buy	Harman International Industries, Inc.	$3,536,000	+37.8%	53,389	+12.8%	2.06%	+8.5%
LOW	Sell	Lowe's Companies, Inc.	$3,185,000	+8.6%	66,898	-6.7%	1.85%	-14.5%
JPM	Buy	JPMorgan Chase & Co.	$3,130,000	+1.9%	60,559	+4.1%	1.82%	-19.8%
EMR	Sell	Emerson Electric Company	$3,037,000	+17.6%	46,941	-0.9%	1.77%	-7.4%
HCSG	Buy	Healthcare Services Group, Inc.	$3,006,000	+104.5%	116,696	+94.7%	1.75%	+61.0%
XOM	Sell	Exxon Mobil	$2,944,000	-6.3%	34,217	-1.6%	1.71%	-26.2%
MSFT	Sell	Microsoft Corp.	$2,751,000	-34.9%	82,672	-32.4%	1.60%	-48.7%
KMX	Sell	Carmax, Inc.	$2,716,000	+0.1%	56,025	-4.7%	1.58%	-21.2%
ISRG	Buy	Intuitive Surgical, Inc.	$2,477,000	+45.8%	6,583	+96.1%	1.44%	+14.7%
WAG	Buy	Walgreen Co.	$2,287,000	+21.8%	42,510	+0.1%	1.33%	-4.0%
FISV	Sell	Fiserv Inc.	$2,228,000	+2.1%	22,045	-11.7%	1.30%	-19.6%
DRH	Buy	Diamondrock Hospitality Co.	$2,116,000	+40.3%	198,327	+22.6%	1.23%	+10.4%
D	Sell	Dominion Resources Inc.	$2,090,000	+9.5%	33,453	-0.4%	1.22%	-13.8%
ECL	Sell	Ecolab Inc.	$2,049,000	+15.1%	20,750	-0.7%	1.19%	-9.4%
COF	Sell	Capital One Financial Corp.	$2,035,000	+8.2%	29,605	-1.2%	1.18%	-14.8%
HCCI	Buy	Heritage Crystal Clean, Inc.	$1,996,000	+95.5%	110,933	+58.7%	1.16%	+54.0%
BBBY	Sell	Bed Bath & Beyond Inc.	$1,991,000	+8.6%	25,743	-0.4%	1.16%	-14.5%
LLTC	Buy	Linear Technology Corporation	$1,915,000	+11.1%	48,291	+3.2%	1.11%	-12.6%
CBI	Sell	Chicago Bridge & Iron Co. N.V.ny reg	$1,890,000	+12.5%	27,885	-1.0%	1.10%	-11.4%
CF	Buy	CF Industries Holdings	$1,876,000	+77.5%	8,900	+44.4%	1.09%	+39.7%
GNTX	Buy	Gentex Corporation	$1,868,000	+56.7%	73,005	+41.1%	1.09%	+23.4%
NVO	Buy	Novo-Nordiskadr	$1,863,000	+15.7%	11,010	+6.0%	1.08%	-8.9%
SLB	Buy	Schlumberger Limited	$1,828,000	+24.0%	20,685	+0.5%	1.06%	-2.4%
APA	Sell	Apache Corp.	$1,782,000	+1.4%	20,926	-0.1%	1.04%	-20.2%
ORCL	Buy	Oracle Corporation	$1,779,000	+22.1%	53,635	+13.1%	1.03%	-3.9%
CMI	Buy	Cummins Inc.	$1,695,000	+29.5%	12,760	+5.7%	0.99%	+2.0%
CFX	Sell	Colfax Corporation	$1,678,000	+5.6%	29,712	-2.6%	0.98%	-16.8%
AAP	Sell	Advance Auto Parts Inc.	$1,614,000	-8.2%	19,515	-9.9%	0.94%	-27.8%
WMT	Sell	Wal-Mart Stores, Inc.	$1,594,000	-2.3%	21,553	-1.6%	0.93%	-23.0%
COO	Sell	The Cooper Companies, Inc.	$1,585,000	-6.8%	12,224	-14.4%	0.92%	-26.6%
PKI	Sell	PerkinElmer, Inc.	$1,571,000	+10.0%	41,620	-5.3%	0.91%	-13.5%
AVD	Buy	American Vanguard Corporation	$1,566,000	+82.5%	58,185	+58.8%	0.91%	+43.7%
ORBK	Buy	Orbotech Ltdord	$1,561,000	+420.3%	130,160	+439.0%	0.91%	+309.0%
SYK	Sell	Stryker Corp.	$1,555,000	+3.3%	23,005	-1.2%	0.90%	-18.7%
HBI	Sell	Hanesbrands Inc.	$1,541,000	-6.9%	24,725	-23.2%	0.90%	-26.7%
LH	Sell	Laboratory Corporation of America	$1,535,000	-3.9%	15,482	-3.0%	0.89%	-24.3%
MDT	Sell	Medtronic, Inc.	$1,530,000	-7.7%	28,740	-10.7%	0.89%	-27.3%
PH	Sell	Parker-Hannafin Corp	$1,511,000	+7.3%	13,894	-5.9%	0.88%	-15.5%
GILD	Sell	Gilead Sciences, Inc.	$1,510,000	-4.4%	24,025	-22.0%	0.88%	-24.7%
MNR	Buy	Monmouth Real Estate Investment Corp.cl a	$1,481,000	-5.7%	163,330	+2.7%	0.86%	-25.7%
VRSK	Sell	Verisk Analyticscl a	$1,466,000	+7.6%	22,569	-1.2%	0.85%	-15.4%
USB	Sell	US Bancorp	$1,438,000	+1.1%	39,313	-0.1%	0.84%	-20.5%
LABL	New	Multi-Color Corporation	$1,370,000	–	40,385	–	0.80%	–
GS	Buy	The Goldman Sachs Group, Inc.	$1,353,000	+7.0%	8,555	+2.4%	0.79%	-15.6%
T	Buy	AT&T Inc.	$1,237,000	-2.7%	36,575	+1.8%	0.72%	-23.4%
TROW	Buy	T Rowe Price Group Inc.	$1,227,000	-0.6%	17,060	+1.2%	0.71%	-21.7%
EBAY	Buy	Ebay Inc.	$1,227,000	+33.4%	21,983	+23.5%	0.71%	+5.0%
HCP	Sell	HCP, Inc.	$1,160,000	-10.8%	28,330	-1.0%	0.67%	-29.9%
DHIL	Buy	Diamond Hill Investment Group Inc.	$1,153,000	+77.4%	10,780	+41.8%	0.67%	+39.6%
MCD	Sell	McDonald's Corporation	$1,131,000	-3.5%	11,760	-0.7%	0.66%	-24.0%
FAST	Sell	Fastenal Company	$1,124,000	+9.6%	22,360	-0.2%	0.65%	-13.7%
V	Sell	Visa, Inc.	$1,106,000	+2.9%	5,785	-1.7%	0.64%	-19.0%
KMI	Buy	Kinder Morgan Inc.	$1,090,000	-0.6%	30,638	+6.5%	0.63%	-21.7%
GLW	Buy	Corning Inc.	$1,077,000	+3.4%	73,795	+0.8%	0.63%	-18.7%
O	Buy	Realty Income Corp	$1,036,000	+412.9%	26,050	+441.6%	0.60%	+304.0%
TUMI	New	Tumi Holdings, Inc.	$1,027,000	–	50,970	–	0.60%	–
PPO	Buy	Polypore International Inc.	$920,000	+110.0%	22,460	+106.6%	0.54%	+65.6%
CAT	New	Caterpillar, Inc.	$904,000	–	10,835	–	0.53%	–
PG	Sell	Procter & Gamble Co.	$904,000	-2.0%	11,955	-0.1%	0.53%	-22.8%
WSO	Buy	Watsco, Inc.cl b	$887,000	+42.6%	9,405	+27.0%	0.52%	+12.4%
ENS	New	EnerSys	$879,000	–	14,500	–	0.51%	–
LINEQ	Buy	Linn Energy, LLCunit	$855,000	-21.8%	33,004	+0.1%	0.50%	-38.5%
GGG	Sell	Graco Inc.	$806,000	+16.6%	10,880	-0.5%	0.47%	-8.0%
LSTR	Buy	Landstar System, Inc.	$782,000	+219.2%	13,975	+194.2%	0.46%	+151.4%
BRLI	Buy	Bio-Reference Labs, Inc.	$771,000	+72.5%	25,811	+66.1%	0.45%	+35.8%
PEP	Sell	Pepsico, Inc.	$729,000	-3.8%	9,165	-1.1%	0.42%	-24.3%
BOOM	New	Dynamic Materials Corporation	$724,000	–	31,250	–	0.42%	–
DVA	Buy	DaVita, Inc.	$723,000	-25.6%	12,700	+57.8%	0.42%	-41.5%
RAVN	Buy	Raven Industries Inc.	$680,000	+93.2%	20,775	+76.8%	0.40%	+51.9%
VMI	Sell	Valmont Industries, Inc.	$656,000	-42.7%	4,725	-41.0%	0.38%	-55.0%
SLCA	New	U.S. Silica Holdings, Inc.	$636,000	–	25,535	–	0.37%	–
BRKB	Sell	Berkshire Hathaway Inc.cl b	$624,000	-0.5%	5,500	-1.8%	0.36%	-21.6%
PM	Buy	Philip Morris International Inc.	$620,000	+4.4%	7,160	+4.4%	0.36%	-18.0%
HWAY	New	Healthways, Inc.	$618,000	–	33,400	–	0.36%	–
GOOD	Buy	Gladstone Commercial Corporation	$530,000	+39.8%	29,521	+45.0%	0.31%	+10.0%
BECN	New	Beacon Roofing Supply, Inc.	$510,000	–	13,820	–	0.30%	–
VCRA	New	Vocera Communications Inc.	$468,000	–	25,150	–	0.27%	–
APC	New	Anadarko Petroleum Corporation	$456,000	–	4,900	–	0.26%	–
POWR	New	Powersecure Intl Inc.	$450,000	–	28,050	–	0.26%	–
CRMT	New	America's Car-Mart, Inc.	$445,000	–	9,855	–	0.26%	–
RVT	Sell	Royce Value Trust, Inc.	$443,000	+3.0%	27,527	-3.0%	0.26%	-18.9%
ATRI	New	Atrion Corp	$436,000	–	1,685	–	0.25%	–
ESLT	New	Elbit Systemsord	$428,000	–	8,000	–	0.25%	–
HXL	New	Hexcel Corporation	$429,000	–	11,060	–	0.25%	–
BSFT	New	Broadsoft Inc.	$426,000	–	11,815	–	0.25%	–
FURX	New	Furiex Pharmaceuticals Inc.	$417,000	–	9,489	–	0.24%	–
CGIPQ	New	Celadon Group Inc.	$417,000	–	22,320	–	0.24%	–
SNCR	New	Synchronoss Technologies Inc.	$414,000	–	10,865	–	0.24%	–
SYY	Buy	Sysco Corp.	$406,000	-0.5%	12,765	+6.9%	0.24%	-21.6%
CECE	New	CECO Environmental Corp.	$399,000	–	28,365	–	0.23%	–
INVN	New	InvenSense, Inc.	$399,000	–	22,625	–	0.23%	–
ABBV	Buy	AbbVie Inc.	$395,000	+62.6%	8,826	+50.2%	0.23%	+28.5%
TECD	New	Tech Data Corp.	$394,000	–	7,900	–	0.23%	–
BLKB	New	Blackbaud, Inc.	$393,000	–	10,075	–	0.23%	–
SEAC	New	Seachange Intl Inc.	$381,000	–	33,235	–	0.22%	–
DXCM	New	Dexcom Inc.	$377,000	–	13,345	–	0.22%	–
CPSI	New	Computer Programs & Systems Inc.	$375,000	–	6,405	–	0.22%	–
SLAB	New	Silicon Laboratories Inc.	$370,000	–	8,655	–	0.22%	–
TYPE	New	Monotype Imaging Hldgs Inc	$367,000	–	12,815	–	0.21%	–
SCSC	New	Scansource, Inc.	$364,000	–	10,510	–	0.21%	–
HUBG	New	Hub Group, Inc.cl a	$348,000	–	8,880	–	0.20%	–
PAYX	Buy	Paychex Inc	$345,000	+22.8%	8,500	+10.4%	0.20%	-3.4%
BNS	Buy	Bank Of Nova Scotia	$321,000	+50.0%	5,600	+40.0%	0.19%	+18.4%
IXYS	New	Ixys Corp.	$319,000	–	33,100	–	0.18%	–
Y	Sell	Alleghany Corp.	$317,000	-47.5%	775	-50.8%	0.18%	-58.7%
MTSC	New	MTS Systems Corp.	$306,000	–	4,750	–	0.18%	–
FDI	Sell	Fort Dearborn Income Securities Inc.	$306,000	-8.7%	21,950	-6.0%	0.18%	-27.9%
ABT	New	Abbott Laboratories	$299,000	–	9,001	–	0.17%	–
CSGP	New	CoStar Group, Inc.	$290,000	–	1,730	–	0.17%	–
LXU	New	LSB Industries, Inc.	$281,000	–	8,390	–	0.16%	–
VZ	New	Verizon Communications Inc.	$278,000	–	5,960	–	0.16%	–
DHR	Sell	Danaher Corporation	$277,000	-37.5%	4,000	-42.9%	0.16%	-50.8%
CAR	Buy	Avis Budget Group Inc.	$272,000	+11.9%	9,450	+11.8%	0.16%	-11.7%
ABCO	New	The Advisory Board Company	$264,000	–	4,435	–	0.15%	–
CAVM	New	Cavium Inc.	$264,000	–	6,400	–	0.15%	–
VASC	New	Vascular Solutions Inc.	$248,000	–	14,775	–	0.14%	–
TISI	New	Team Inc.	$245,000	–	6,165	–	0.14%	–
APH	Sell	Amphenol Corporationcl a	$244,000	-14.1%	3,150	-13.7%	0.14%	-32.4%
SZYM	New	Solazyme Inc.	$238,000	–	22,025	–	0.14%	–
ARCC	Buy	Ares Capital Corporation	$236,000	+26.2%	13,650	+25.8%	0.14%	-0.7%
HIGWS	Sell	Hartford Fin.Svcs. Wts. 06.26.2019*w	$224,000	-51.3%	10,000	-52.4%	0.13%	-61.8%
CAI	New	CAI International Inc.	$210,000	–	9,020	–	0.12%	–
DOV	New	Dover Corporation	$203,000	–	2,256	–	0.12%	–
ADP	New	Automatic Data Processing, Inc.	$203,000	–	2,800	–	0.12%	–
GLAD	Sell	Gladstone Capital Corporation	$178,000	-7.3%	20,367	-13.3%	0.10%	-27.5%
MELA	Buy	MELA Sciences, Inc	$173,000	-6.5%	237,605	+19.7%	0.10%	-26.3%
CYTX	New	Cytori Therapeutics Inc.	$168,000	–	72,100	–	0.10%	–
GAIN	Sell	Gladstone Investment Corporation	$146,000	-23.2%	20,750	-19.7%	0.08%	-39.3%
ACG	Exit	AllianceBernstein Income Fund	$0	–	-21,000	–	-0.12%	–
STX	Exit	Seagate Technology	$0	–	-9,000	–	-0.30%	–
AAPL	Exit	Apple Inc.	$0	–	-1,085	–	-0.32%	–
PFE	Exit	Pfizer Incorporated	$0	–	-15,489	–	-0.32%	–
TKR	Exit	The Timken Company	$0	–	-8,000	–	-0.33%	–
CSE	Exit	CapitalSource Inc.	$0	–	-68,150	–	-0.47%	–

Q2 2013

			Value		Shares		↓ Weighting
MKL	New	Markel Corporation	$6,435,000	–	12,211	–	4.75%	–
PRAA	New	Portfolio Recovery Associates, Inc.	$4,456,000	–	29,004	–	3.29%	–
MSFT	New	Microsoft Corp.	$4,223,000	–	122,257	–	3.12%	–
GE	New	General Electric Co.	$3,910,000	–	168,613	–	2.89%	–
MMM	New	3M Company	$3,764,000	–	34,422	–	2.78%	–
UPS	New	United Parcel Service, Inc.cl b	$3,464,000	–	40,055	–	2.56%	–
BBSI	New	Barrett Business Services, Inc.	$3,266,000	–	62,550	–	2.41%	–
XOM	New	Exxon Mobil	$3,141,000	–	34,762	–	2.32%	–
JPM	New	JPMorgan Chase & Co	$3,072,000	–	58,199	–	2.27%	–
LOW	New	Lowe's Companies, Inc.	$2,932,000	–	71,691	–	2.16%	–
KMX	New	Carmax, Inc.	$2,713,000	–	58,770	–	2.00%	–
EMR	New	Emerson Electric Company	$2,582,000	–	47,350	–	1.91%	–
HAR	New	Harman International Industries, Inc.	$2,566,000	–	47,345	–	1.90%	–
FISV	New	Fiserv Inc	$2,182,000	–	24,960	–	1.61%	–
D	New	Dominion Resources Inc.	$1,908,000	–	33,578	–	1.41%	–
COF	New	Capital One Financial Corp.	$1,881,000	–	29,955	–	1.39%	–
WAG	New	Walgreen Co.	$1,877,000	–	42,465	–	1.39%	–
BBBY	New	Bed Bath & Beyond Inc.	$1,834,000	–	25,843	–	1.35%	–
ECL	New	Ecolab Inc.	$1,780,000	–	20,900	–	1.32%	–
AAP	New	Advance Auto Parts Inc.	$1,759,000	–	21,670	–	1.30%	–
CVX	New	Chevron Corporation	$1,758,000	–	14,855	–	1.30%	–
APA	New	Apache Corp.	$1,757,000	–	20,956	–	1.30%	–
LLTC	New	Linear Technology Corporation	$1,724,000	–	46,796	–	1.27%	–
COO	New	The Cooper Companies, Inc.	$1,701,000	–	14,284	–	1.26%	–
ISRG	New	Intuitive Surgical, Inc.	$1,699,000	–	3,357	–	1.26%	–
CBI	New	Chicago Bridge & Iron Co. N.V.ny reg	$1,680,000	–	28,160	–	1.24%	–
MDT	New	Medtronic, Inc.	$1,657,000	–	32,195	–	1.22%	–
HBI	New	Hanesbrands Inc.	$1,656,000	–	32,200	–	1.22%	–
WMT	New	Wal-Mart Stores, Inc.	$1,631,000	–	21,893	–	1.20%	–
NVO	New	Novo-Nordisk ADRadr	$1,610,000	–	10,390	–	1.19%	–
LH	New	Laboratory Corporation of America	$1,597,000	–	15,955	–	1.18%	–
CFX	New	Colfax Corporation	$1,589,000	–	30,495	–	1.17%	–
GILD	New	Gilead Sciences, Inc.	$1,579,000	–	30,800	–	1.17%	–
MNR	New	Monmouth Real Estate Investment Corp.cl a	$1,570,000	–	159,060	–	1.16%	–
DRH	New	Diamondrock Hospitality Co.	$1,508,000	–	161,775	–	1.11%	–
SYK	New	Stryker Corp.	$1,506,000	–	23,285	–	1.11%	–
SLB	New	Schlumberger Limited	$1,474,000	–	20,575	–	1.09%	–
HCSG	New	Healthcare Services Group, Inc.	$1,470,000	–	59,946	–	1.09%	–
ORCL	New	Oracle Corporation	$1,457,000	–	47,435	–	1.08%	–
PKI	New	PerkinElmer, Inc.	$1,428,000	–	43,940	–	1.06%	–
USB	New	US Bancorp	$1,423,000	–	39,350	–	1.05%	–
PH	New	Parker-Hannafin Corp	$1,408,000	–	14,764	–	1.04%	–
VRSK	New	Verisk Analytics Inc.cl a	$1,363,000	–	22,835	–	1.01%	–
CMI	New	Cummins Inc.	$1,309,000	–	12,070	–	0.97%	–
HCP	New	HCP, Inc. REIT	$1,301,000	–	28,630	–	0.96%	–
T	New	AT&T Inc.	$1,271,000	–	35,915	–	0.94%	–
GS	New	The Goldman Sachs Group, Inc.	$1,264,000	–	8,355	–	0.93%	–
TROW	New	T Rowe Price Group Inc.	$1,234,000	–	16,860	–	0.91%	–
GNTX	New	Gentex Corporation	$1,192,000	–	51,730	–	0.88%	–
MCD	New	McDonald's Corporation	$1,172,000	–	11,840	–	0.87%	–
VMI	New	Valmont Industries, Inc.	$1,145,000	–	8,005	–	0.85%	–
KMI	New	Kinder Morgan Inc.	$1,097,000	–	28,768	–	0.81%	–
LINEQ	New	Linn Energy, LLCunit	$1,094,000	–	32,971	–	0.81%	–
V	New	Visa, Inc.	$1,075,000	–	5,885	–	0.79%	–
CF	New	CF Industries Holdings	$1,057,000	–	6,165	–	0.78%	–
GLW	New	Corning Inc.	$1,042,000	–	73,245	–	0.77%	–
FAST	New	Fastenal Company	$1,026,000	–	22,410	–	0.76%	–
HCCI	New	Heritage Crystal Clean, Inc.	$1,021,000	–	69,885	–	0.75%	–
DVA	New	DaVita, Inc.	$972,000	–	8,050	–	0.72%	–
PG	New	Procter & Gamble Co.	$922,000	–	11,972	–	0.68%	–
EBAY	New	Ebay Inc.	$920,000	–	17,793	–	0.68%	–
AVD	New	American Vanguard Corporation	$858,000	–	36,635	–	0.63%	–
PEP	New	Pepsico, Inc.	$758,000	–	9,265	–	0.56%	–
GGG	New	Graco Inc.	$691,000	–	10,930	–	0.51%	–
JNJ	New	Johnson & Johnson	$655,000	–	7,625	–	0.48%	–
DHIL	New	Diamond Hill Investment Group Inc.	$650,000	–	7,600	–	0.48%	–
CSE	New	CapitalSource Inc.	$639,000	–	68,150	–	0.47%	–
BRKB	New	Berkshire Hathaway Inc.cl b	$627,000	–	5,600	–	0.46%	–
WSO	New	Watsco, Inc.cl b	$622,000	–	7,405	–	0.46%	–
Y	New	Alleghany Corp.	$604,000	–	1,575	–	0.45%	–
PM	New	Philip Morris International Inc	$594,000	–	6,860	–	0.44%	–
CHD	New	Church & Dwight Company, Inc.	$580,000	–	9,400	–	0.43%	–
ORLY	New	O'Reilly Automotive, Inc.	$552,000	–	4,900	–	0.41%	–
HIGWS	New	Hartford Fin. Svcs.*w	$460,000	–	21,000	–	0.34%	–
TKR	New	The Timken Company	$450,000	–	8,000	–	0.33%	–
BRLI	New	Bio-Reference Labs, Inc.	$447,000	–	15,536	–	0.33%	–
DHR	New	Danaher Corporation	$443,000	–	7,000	–	0.33%	–
PPO	New	Polypore International Inc.	$438,000	–	10,870	–	0.32%	–
PFE	New	Pfizer Incorporated	$434,000	–	15,489	–	0.32%	–
AAPL	New	Apple Inc.	$430,000	–	1,085	–	0.32%	–
RVT	New	Royce Value Trust, Inc.	$430,000	–	28,371	–	0.32%	–
PPG	New	PPG Industries Inc	$425,000	–	2,900	–	0.31%	–
PNC	New	PNC Finl Svcs Group	$423,000	–	5,800	–	0.31%	–
SYY	New	Sysco Corp.	$408,000	–	11,940	–	0.30%	–
STX	New	Seagate Technology	$403,000	–	9,000	–	0.30%	–
BCR	New	CR Bard Inc.	$380,000	–	3,500	–	0.28%	–
GOOD	New	Gladstone Commercial Corporation	$379,000	–	20,355	–	0.28%	–
RAVN	New	Raven Industries Inc	$352,000	–	11,750	–	0.26%	–
FDI	New	Fort Dearborn Income Securities Inc.	$335,000	–	23,350	–	0.25%	–
ORBK	New	Orbotech Ltd	$300,000	–	24,150	–	0.22%	–
TMO	New	Thermo Fisher Scientific Inc.	$296,000	–	3,500	–	0.22%	–
EMF	New	Templeton Emerging Mkt Fd	$291,000	–	16,640	–	0.22%	–
EQT	New	EQT Corporation	$286,000	–	3,600	–	0.21%	–
MDLZ	New	Mondelez Intl Inc Cl Acl a	$285,000	–	10,000	–	0.21%	–
APH	New	Amphenol Corporationcl a	$284,000	–	3,650	–	0.21%	–
PAYX	New	Paychex Inc	$281,000	–	7,700	–	0.21%	–
DCI	New	Donaldson Company, Inc.	$264,000	–	7,400	–	0.20%	–
ATR	New	Aptargroup, Inc.	$254,000	–	4,600	–	0.19%	–
LSTR	New	Landstar System, Inc.	$245,000	–	4,750	–	0.18%	–
ABBV	New	AbbVie Inc.	$243,000	–	5,876	–	0.18%	–
CAR	New	Avis Budget Group Inc	$243,000	–	8,450	–	0.18%	–
GOOGL	New	Google Inc.cl a	$239,000	–	272	–	0.18%	–
BNS	New	Bank Of Nova Scotia	$214,000	–	4,000	–	0.16%	–
O	New	Realty Income Corp	$202,000	–	4,810	–	0.15%	–
GLAD	New	Gladstone Capital Corporation	$192,000	–	23,500	–	0.14%	–
GAIN	New	Gladstone Investment Corporation	$190,000	–	25,850	–	0.14%	–
ARCC	New	Ares Capital Corporation	$187,000	–	10,850	–	0.14%	–
MELA	New	MELA Sciences, Inc	$185,000	–	198,455	–	0.14%	–
ACG	New	AllianceBernstein Income Fund	$157,000	–	21,000	–	0.12%	–

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