Strategic Global Advisors, LLC Activity Q4 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
GOOGL	Sell	ALPHABET INCcap stk cl a	$30,690,465	+4.1%	234,529	-4.8%	5.11%	+12.6%
AAPL	Sell	APPLE INC	$23,157,865	-16.0%	135,260	-4.9%	3.85%	-9.2%
MSFT	Sell	MICROSOFT CORP	$17,661,792	-11.7%	55,936	-4.7%	2.94%	-4.5%
ABT	Sell	ABBOTT LABS	$13,455,371	-15.5%	138,930	-4.9%	2.24%	-8.6%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$12,841,128	-0.1%	96,347	-5.9%	2.14%	+8.0%
ACN	Sell	ACCENTURE PLC IRELAND	$12,633,584	-5.3%	41,137	-4.9%	2.10%	+2.4%
LNG	Buy	CHENIERE ENERGY INC	$12,112,757	+56.6%	72,986	+43.8%	2.02%	+69.3%
JPM	Sell	JPMORGAN CHASE & CO	$11,831,747	-5.0%	81,587	-4.8%	1.97%	+2.7%
CAT	Buy	CATERPILLAR INC	$11,462,451	+33.3%	41,987	+20.1%	1.91%	+44.1%
FB	Sell	META PLATFORMS INCcl a	$10,950,160	-0.3%	36,475	-4.7%	1.82%	+7.8%
SNA	Buy	SNAP ON INC	$10,818,625	+13.5%	42,416	+28.3%	1.80%	+22.8%
AVGO	Sell	BROADCOM INC	$10,750,197	-8.9%	12,943	-4.8%	1.79%	-1.4%
KLAC	Sell	KLA CORP	$10,219,862	-10.0%	22,282	-4.8%	1.70%	-2.6%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$10,009,927	-13.5%	172,466	-4.7%	1.66%	-6.5%
NVDA	Buy	NVIDIA CORPORATION	$9,943,436	+22.8%	22,859	+19.5%	1.65%	+32.9%
PANW	Sell	PALO ALTO NETWORKS INC	$9,924,314	-15.4%	42,332	-7.8%	1.65%	-8.5%
DBX	Sell	DROPBOX INCcl a	$9,722,090	-22.5%	357,036	-24.1%	1.62%	-16.2%
HSY	Sell	HERSHEY CO	$9,281,311	-23.7%	46,388	-4.8%	1.54%	-17.5%
IT	Buy	GARTNER INC	$8,966,847	+50.7%	26,096	+53.6%	1.49%	+63.1%
AMZN	Buy	AMAZON COM INC	$8,439,624	+13.2%	66,391	+16.1%	1.40%	+22.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$8,069,834	-4.2%	20,383	-4.9%	1.34%	+3.6%
MCK	Sell	MCKESSON CORP	$8,035,593	-8.2%	18,479	-9.8%	1.34%	-0.7%
KEYS	Sell	KEYSIGHT TECHNOLOGIES INC	$7,798,881	-24.8%	58,944	-4.9%	1.30%	-18.7%
MPC	Sell	MARATHON PETE CORP	$7,735,441	+23.5%	51,113	-4.8%	1.29%	+33.5%
V	Sell	VISA INC	$7,511,437	-7.8%	32,657	-4.8%	1.25%	-0.2%
FCNCA	Buy	FIRST CTZNS BANCSHARES INC Ncl a	$6,852,197	+183.7%	4,965	+163.8%	1.14%	+206.5%
CSCO	Sell	CISCO SYS INC	$6,504,422	-11.2%	120,990	-14.5%	1.08%	-3.9%
MSCI	Buy	MSCI INC	$6,469,939	+90.6%	12,610	+74.3%	1.08%	+106.1%
APH	New	AMPHENOL CORP NEWcl a	$6,436,994	–	76,640	–	1.07%	–
ADSK	Buy	AUTODESK INC	$6,390,622	+177.1%	30,886	+174.0%	1.06%	+199.4%
EME	Sell	EMCOR GROUP INC	$6,211,975	+9.2%	29,526	-4.1%	1.03%	+18.2%
EA	Sell	ELECTRONIC ARTS INC	$6,196,266	-11.6%	51,464	-4.7%	1.03%	-4.4%
IQV	Sell	IQVIA HLDGS INC	$6,049,276	-16.6%	30,746	-4.7%	1.01%	-9.9%
NTES	Sell	NETEASE INCsponsored ads	$5,997,881	+0.5%	59,883	-3.0%	1.00%	+8.7%
KR	Sell	KROGER CO	$5,671,928	-9.3%	126,747	-4.7%	0.94%	-1.9%
CCEP	Buy	COCA-COLA EUROPACIFIC PARTNE	$5,610,891	-2.2%	89,803	+0.8%	0.93%	+5.8%
ABBV	Sell	ABBVIE INC	$5,292,524	+5.1%	35,506	-5.0%	0.88%	+13.7%
ADBE	Sell	ADOBE INC	$5,289,193	-49.7%	10,373	-51.7%	0.88%	-45.5%
PG	Sell	PROCTER AND GAMBLE CO	$5,288,008	-40.6%	36,254	-38.2%	0.88%	-35.8%
AMGN	Sell	AMGEN INC	$5,110,203	+7.9%	19,014	-10.9%	0.85%	+16.6%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$5,035,673	-2.0%	53,175	-5.0%	0.84%	+5.9%
OC	Sell	OWENS CORNING NEW	$4,968,598	-0.5%	36,424	-4.8%	0.83%	+7.7%
GIS	Buy	GENERAL MLS INC	$4,709,920	+82.5%	73,604	+118.7%	0.78%	+97.5%
RE	Sell	EVEREST GROUP LTD	$4,692,334	+3.7%	12,625	-4.7%	0.78%	+12.2%
GDDY	Sell	GODADDY INCcl a	$4,670,045	-5.5%	62,702	-4.6%	0.78%	+2.2%
ICLR	Sell	ICON PLC	$4,672,348	-14.8%	18,974	-13.5%	0.78%	-7.9%
GILD	Sell	GILEAD SCIENCES INC	$4,640,135	-7.3%	61,918	-4.7%	0.77%	+0.3%
NTB	Sell	BANK OF NT BUTTERFIELD&SON L	$4,635,717	-11.8%	171,186	-10.9%	0.77%	-4.6%
A	Sell	AGILENT TECHNOLOGIES INC	$4,606,089	-11.5%	41,192	-4.8%	0.77%	-4.2%
ROL	Sell	ROLLINS INC	$4,584,535	-17.0%	122,811	-4.8%	0.76%	-10.2%
BKNG	Sell	BOOKING HOLDINGS INC	$4,265,103	-47.2%	1,383	-53.8%	0.71%	-42.9%
	Sell	LINDE PLC	$4,160,267	-7.0%	11,173	-4.8%	0.69%	+0.6%
LPLA	Sell	LPL FINL HLDGS INC	$4,103,740	+4.3%	17,268	-4.6%	0.68%	+12.9%
SLB	Sell	SCHLUMBERGER LTD	$4,044,854	-21.2%	69,380	-33.6%	0.67%	-14.8%
SNPS	Sell	SYNOPSYS INC	$4,034,346	-36.5%	8,790	-39.7%	0.67%	-31.3%
COG	New	COTERRA ENERGY INC	$3,926,172	–	145,145	–	0.65%	–
VEEV	New	VEEVA SYS INC	$3,889,354	–	19,117	–	0.65%	–
SHW	New	SHERWIN WILLIAMS CO	$3,856,356	–	15,120	–	0.64%	–
TSLA	Sell	TESLA INC	$3,829,367	-9.0%	15,304	-4.8%	0.64%	-1.5%
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$3,824,305	–	29,545	–	0.64%	–
	New	DOLE PLC	$3,653,502	–	315,501	–	0.61%	–
SPG	Sell	SIMON PPTY GROUP INC NEW	$3,618,789	-11.2%	33,498	-5.1%	0.60%	-4.0%
INMD	Sell	INMODE LTD	$3,574,572	-26.0%	117,353	-9.3%	0.60%	-20.0%
TKR	Sell	TIMKEN CO	$3,459,983	-60.5%	47,081	-50.8%	0.58%	-57.2%
WIX	Buy	WIX COM LTD	$3,418,173	+23.8%	37,235	+5.5%	0.57%	+33.9%
FICO	Sell	FAIR ISAAC CORP	$3,325,601	-58.9%	3,829	-61.7%	0.55%	-55.6%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$3,151,451	-13.3%	37,951	-4.9%	0.52%	-6.3%
HIG	Sell	HARTFORD FINL SVCS GROUP INC	$3,110,184	-42.6%	43,861	-41.7%	0.52%	-37.9%
PPG	New	PPG INDS INC	$3,071,457	–	23,663	–	0.51%	–
GL	Sell	GLOBE LIFE INC	$2,910,920	-4.6%	26,772	-3.8%	0.48%	+3.2%
BLDR	New	BUILDERS FIRSTSOURCE INC	$2,810,984	–	22,580	–	0.47%	–
Z	New	ZILLOW GROUP INCcl c cap stk	$2,708,530	–	58,677	–	0.45%	–
DECK	New	DECKERS OUTDOOR CORP	$2,621,859	–	5,100	–	0.44%	–
UNM	Sell	UNUM GROUP	$2,589,460	-1.2%	52,642	-4.2%	0.43%	+6.9%
BPOP	Buy	POPULAR INC	$2,505,656	+51.9%	39,766	+45.9%	0.42%	+64.2%
TAP	New	MOLSON COORS BEVERAGE COcl b	$2,483,953	–	39,062	–	0.41%	–
MRK	Sell	MERCK & CO INC	$2,434,150	-48.1%	23,644	-41.8%	0.40%	-43.8%
MTD	Sell	METTLER TOLEDO INTERNATIONAL	$2,431,106	-19.4%	2,194	-4.6%	0.40%	-12.9%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$2,317,455	-26.1%	20,651	-4.1%	0.39%	-19.9%
LOW	Sell	LOWES COS INC	$2,313,467	-68.5%	11,131	-65.7%	0.38%	-65.9%
HUM	New	HUMANA INC	$2,298,320	–	4,724	–	0.38%	–
TNK	Sell	TEEKAY TANKERS LTDcl a	$2,290,691	-4.1%	55,025	-11.9%	0.38%	+3.8%
GTES	New	GATES INDL CORP PLC	$2,281,620	–	196,522	–	0.38%	–
TOL	Sell	TOLL BROTHERS INC	$2,257,185	-10.5%	30,519	-4.4%	0.38%	-3.1%
DOV	Sell	DOVER CORP	$2,167,148	-19.3%	15,534	-14.6%	0.36%	-12.6%
BAH	Sell	BOOZ ALLEN HAMILTON HLDG CORcl a	$2,153,275	-17.0%	19,706	-15.3%	0.36%	-10.3%
RIO	Sell	RIO TINTO PLCsponsored adr	$2,148,295	-11.7%	33,757	-11.4%	0.36%	-4.5%
DXCM	Sell	DEXCOM INC	$2,120,056	-30.4%	22,723	-4.2%	0.35%	-24.7%
HOLX	Sell	HOLOGIC INC	$2,120,309	-18.0%	30,552	-4.3%	0.35%	-11.3%
PYPL	Sell	PAYPAL HLDGS INC	$2,112,452	-15.8%	36,135	-3.9%	0.35%	-9.1%
HUBB	New	HUBBELL INC	$1,959,439	–	6,252	–	0.33%	–
AON	Sell	AON PLC	$1,782,562	-59.6%	5,498	-57.0%	0.30%	-56.2%
VICI	New	VICI PPTYS INC	$1,770,095	–	60,828	–	0.30%	–
ACI	Sell	ALBERTSONS COS INC	$1,750,408	-72.5%	76,941	-73.6%	0.29%	-70.2%
ULTA	Sell	ULTA BEAUTY INC	$1,723,227	-18.8%	4,314	-4.3%	0.29%	-12.0%
ESS	Sell	ESSEX PPTY TR INC	$1,699,053	-41.4%	8,011	-35.2%	0.28%	-36.5%
ITRN	New	ITURAN LOCATION AND CONTROL	$1,703,403	–	56,970	–	0.28%	–
WMT	New	WALMART INC	$1,702,295	–	10,644	–	0.28%	–
RF	Sell	REGIONS FINANCIAL CORP NEW	$1,675,332	-19.8%	97,403	-16.9%	0.28%	-13.1%
BYD	Sell	BOYD GAMING CORP	$1,633,955	-16.2%	26,861	-4.4%	0.27%	-9.3%
VST	New	VISTRA CORP	$1,592,673	–	48,001	–	0.26%	–
APP	New	APPLOVIN CORP	$1,586,532	–	39,703	–	0.26%	–
UBER	New	UBER TECHNOLOGIES INC	$1,560,855	–	33,939	–	0.26%	–
LEA	New	LEAR CORP	$1,551,620	–	11,562	–	0.26%	–
IDXX	New	IDEXX LABS INC	$1,509,456	–	3,452	–	0.25%	–
TX	Sell	TERNIUM SAsponsored ads	$1,501,796	-0.8%	37,639	-1.5%	0.25%	+7.3%
CROX	New	CROCS INC	$1,249,249	–	14,159	–	0.21%	–
TPR	Sell	TAPESTRY INC	$1,139,133	-35.2%	39,622	-3.5%	0.19%	-29.6%
NVS	Sell	NOVARTIS AGsponsored adr	$1,129,627	-5.5%	11,090	-6.4%	0.19%	+2.2%
NVO	Buy	NOVO-NORDISK A Sadr	$1,112,014	+15.5%	12,228	+105.6%	0.18%	+25.0%
IBEX	Sell	IBEX LTD	$944,768	-38.9%	61,150	-16.0%	0.16%	-34.0%
BP	Sell	BP PLCsponsored adr	$872,904	+2.9%	22,544	-6.2%	0.14%	+11.5%
ASML	Buy	ASML HOLDING N V	$812,939	-14.2%	1,381	+5.6%	0.14%	-7.5%
BHP	Sell	BHP GROUP LTDsponsored ads	$808,151	-10.8%	14,208	-6.4%	0.13%	-3.6%
IX	Sell	ORIX CORPsponsored adr	$661,854	-3.4%	7,050	-6.2%	0.11%	+4.8%
RELX	Sell	RELX PLCsponsored adr	$596,557	-5.5%	17,702	-6.2%	0.10%	+2.1%
	New	SHARKNINJA INC	$556,320	–	12,000	–	0.09%	–
WF	Sell	WOORI FINL GROUP INCsponsored ads	$553,034	-7.6%	20,169	-9.1%	0.09%	0.0%
UL	Sell	UNILEVER PLCspon adr new	$546,957	-12.0%	11,072	-7.1%	0.09%	-5.2%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$528,613	-25.2%	6,083	-13.1%	0.09%	-19.3%
HSBC	Sell	HSBC HLDGS PLCspon adr new	$484,608	-25.1%	12,281	-24.8%	0.08%	-18.2%
EWY	Sell	ISHARES INCmsci sth kor etf	$416,175	-18.4%	7,061	-12.3%	0.07%	-11.5%
IGT	Sell	INTERNATIONAL GAME TECHNOLOG	$415,990	-5.4%	13,720	-0.5%	0.07%	+1.5%
DEO	Sell	DIAGEO PLCspon adr new	$389,211	-19.7%	2,609	-6.6%	0.06%	-13.3%
STLA	Sell	STELLANTIS N.V	$354,115	+2.2%	18,511	-6.3%	0.06%	+11.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$349,215	-36.2%	4,026	-38.7%	0.06%	-31.0%
SONY	Sell	SONY GROUP CORPsponsored adr	$335,656	-14.1%	4,073	-6.1%	0.06%	-6.7%
	Sell	NATWEST GROUP PLCspons adr	$335,429	-10.3%	57,535	-5.9%	0.06%	-3.4%
SNY	Buy	SANOFIsponsored adr	$313,740	+52.5%	5,849	+53.3%	0.05%	+62.5%
	New	SHELL PLCspon ads	$274,903	–	4,270	–	0.05%	–
BBVA	Sell	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$277,387	-2.3%	34,458	-6.8%	0.05%	+4.5%
NICE	Sell	NICE LTDsponsored adr	$273,020	-23.0%	1,606	-6.5%	0.04%	-18.2%
INDA	New	ISHARES TRmsci india etf	$266,204	–	6,020	–	0.04%	–
HMC	Sell	HONDA MOTOR LTD	$253,141	+4.8%	7,525	-5.6%	0.04%	+13.5%
TS	Sell	TENARIS S Asponsored ads	$243,225	-1.8%	7,697	-6.9%	0.04%	+5.3%
FUTU	New	FUTU HLDGS LTDspon ads cl a	$231,587	–	4,006	–	0.04%	–
PDD	New	PDD HOLDINGS INCsponsored ads	$212,812	–	2,170	–	0.04%	–
DB	Sell	DEUTSCHE BANK A Gnamen akt	$191,248	+3.5%	17,402	-0.9%	0.03%	+14.3%
VIPS	New	VIPSHOP HLDGS LTDsponsored ads a	$171,451	–	10,709	–	0.03%	–
CNHI	Sell	CNH INDL N V	$167,028	-21.9%	13,804	-7.0%	0.03%	-15.2%
ERIC	Sell	ERICSSONadr b sek 10	$89,575	-12.1%	18,431	-1.5%	0.02%	-6.2%
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-10,830	–	-0.03%	–
CRH	Exit	CRH PLCadr	$0	–	-4,822	–	-0.04%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUsponsored ads	$0	–	-5,665	–	-0.06%	–
	Exit	GSK PLCsponsored adr	$0	–	-15,125	–	-0.08%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-16,953	–	-0.15%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-31,879	–	-0.20%	–
	Exit	ALGOMA STL GROUP INC	$0	–	-211,700	–	-0.23%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-12,765	–	-0.25%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-6,850	–	-0.25%	–
BJ	Exit	BJS WHSL CLUB HLDGS INC	$0	–	-28,162	–	-0.27%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-11,593	–	-0.29%	–
BWA	Exit	BORGWARNER INC	$0	–	-41,088	–	-0.31%	–
WAT	Exit	WATERS CORP	$0	–	-7,953	–	-0.33%	–
BAC	Exit	BANK AMERICA CORP	$0	–	-80,563	–	-0.36%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-34,510	–	-0.37%	–
T	Exit	AT&T INC	$0	–	-165,327	–	-0.41%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-7,708	–	-0.42%	–
CACI	Exit	CACI INTL INCcl a	$0	–	-8,206	–	-0.43%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-18,464	–	-0.43%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC.	$0	–	-32,005	–	-0.44%	–
NTAP	Exit	NETAPP INC	$0	–	-37,533	–	-0.44%	–
SYY	Exit	SYSCO CORP	$0	–	-41,338	–	-0.47%	–
LKQ	Exit	LKQ CORP	$0	–	-53,590	–	-0.48%	–
OVV	Exit	OVINTIV INC	$0	–	-101,950	–	-0.60%	–
AGCO	Exit	AGCO CORP	$0	–	-31,368	–	-0.63%	–
MSGS	Exit	MADISON SQUARE GRDN SPRT CORcl a	$0	–	-23,636	–	-0.68%	–

Q2 2023

			Value		Shares		↓ Weighting
GOOGL	New	ALPHABET INCcap stk cl a	$29,484,743	–	246,322	–	4.54%	–
AAPL	New	APPLE INC	$27,574,775	–	142,160	–	4.24%	–
MSFT	New	MICROSOFT CORP	$19,996,849	–	58,721	–	3.08%	–
ABT	New	ABBOTT LABS	$15,921,390	–	146,041	–	2.45%	–
ACN	New	ACCENTURE PLC IRELAND	$13,343,616	–	43,242	–	2.05%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$12,860,096	–	102,373	–	1.98%	–
DBX	New	DROPBOX INCcl a	$12,545,755	–	470,407	–	1.93%	–
JPM	New	JPMORGAN CHASE & CO	$12,459,699	–	85,669	–	1.92%	–
HSY	New	HERSHEY CO	$12,166,882	–	48,726	–	1.87%	–
AVGO	New	BROADCOM INC	$11,796,181	–	13,599	–	1.82%	–
PANW	New	PALO ALTO NETWORKS INC	$11,725,865	–	45,892	–	1.80%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$11,574,630	–	180,995	–	1.78%	–
KLAC	New	KLA CORP	$11,351,893	–	23,405	–	1.75%	–
FB	New	META PLATFORMS INCcl a	$10,984,446	–	38,276	–	1.69%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$10,505,950	–	21,485	–	1.62%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$10,377,044	–	61,971	–	1.60%	–
SNA	New	SNAP ON INC	$9,530,731	–	33,071	–	1.47%	–
PG	New	PROCTER AND GAMBLE CO	$8,903,951	–	58,679	–	1.37%	–
MCK	New	MCKESSON CORP	$8,754,727	–	20,488	–	1.35%	–
TKR	New	TIMKEN CO	$8,757,133	–	95,675	–	1.35%	–
CAT	New	CATERPILLAR INC	$8,599,940	–	34,952	–	1.32%	–
MA	New	MASTERCARD INCORPORATEDcl a	$8,426,453	–	21,425	–	1.30%	–
V	New	VISA INC	$8,144,852	–	34,297	–	1.25%	–
FICO	New	FAIR ISAAC CORP	$8,092,100	–	10,000	–	1.24%	–
NVDA	New	NVIDIA CORPORATION	$8,094,065	–	19,134	–	1.24%	–
BKNG	New	BOOKING HOLDINGS INC	$8,076,687	–	2,991	–	1.24%	–
LNG	New	CHENIERE ENERGY INC	$7,732,879	–	50,754	–	1.19%	–
AMZN	New	AMAZON COM INC	$7,457,244	–	57,205	–	1.15%	–
LOW	New	LOWES COS INC	$7,333,444	–	32,492	–	1.13%	–
CSCO	New	CISCO SYS INC	$7,321,313	–	141,502	–	1.13%	–
IQV	New	IQVIA HLDGS INC	$7,254,002	–	32,273	–	1.12%	–
EA	New	ELECTRONIC ARTS INC	$7,006,653	–	54,022	–	1.08%	–
ACI	New	ALBERTSONS COS INC	$6,358,523	–	291,408	–	0.98%	–
SNPS	New	SYNOPSYS INC	$6,350,019	–	14,584	–	0.98%	–
MPC	New	MARATHON PETE CORP	$6,263,052	–	53,714	–	0.96%	–
KR	New	KROGER CO	$6,250,060	–	132,980	–	0.96%	–
NTES	New	NETEASE INCsponsored ads	$5,966,837	–	61,711	–	0.92%	–
IT	New	GARTNER INC	$5,950,366	–	16,986	–	0.92%	–
CCEP	New	COCA-COLA EUROPACIFIC PARTNE	$5,739,167	–	89,076	–	0.88%	–
EME	New	EMCOR GROUP INC	$5,686,420	–	30,774	–	0.88%	–
ROL	New	ROLLINS INC	$5,525,241	–	129,004	–	0.85%	–
ICLR	New	ICON PLC	$5,485,635	–	21,925	–	0.84%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$5,416,912	–	75,214	–	0.83%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$5,254,707	–	192,058	–	0.81%	–
A	New	AGILENT TECHNOLOGIES INC	$5,203,218	–	43,270	–	0.80%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$5,139,725	–	55,970	–	0.79%	–
SLB	New	SCHLUMBERGER LTD	$5,134,170	–	104,523	–	0.79%	–
ABBV	New	ABBVIE INC	$5,035,938	–	37,378	–	0.78%	–
GILD	New	GILEAD SCIENCES INC	$5,007,238	–	64,970	–	0.77%	–
OC	New	OWENS CORNING NEW	$4,992,669	–	38,258	–	0.77%	–
GDDY	New	GODADDY INCcl a	$4,940,173	–	65,755	–	0.76%	–
INMD	New	INMODE LTD	$4,833,015	–	129,398	–	0.74%	–
AMGN	New	AMGEN INC	$4,737,907	–	21,340	–	0.73%	–
MRK	New	MERCK & CO INC	$4,686,565	–	40,615	–	0.72%	–
RE	New	EVEREST RE GROUP LTD	$4,526,910	–	13,242	–	0.70%	–
	New	LINDE PLC	$4,474,260	–	11,741	–	0.69%	–
MSGS	New	MADISON SQUARE GRDN SPRT CORcl a	$4,444,750	–	23,636	–	0.68%	–
AON	New	AON PLC	$4,410,275	–	12,776	–	0.68%	–
CBOE	New	CBOE GLOBAL MKTS INC	$4,314,055	–	31,259	–	0.66%	–
TSLA	New	TESLA INC	$4,208,476	–	16,077	–	0.65%	–
AGCO	New	AGCO CORP	$4,122,383	–	31,368	–	0.63%	–
SPG	New	SIMON PPTY GROUP INC NEW	$4,076,329	–	35,299	–	0.63%	–
LPLA	New	LPL FINL HLDGS INC	$3,933,961	–	18,093	–	0.60%	–
OVV	New	OVINTIV INC	$3,881,237	–	101,950	–	0.60%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$3,636,565	–	39,914	–	0.56%	–
MSCI	New	MSCI INC	$3,394,844	–	7,234	–	0.52%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$3,134,186	–	21,526	–	0.48%	–
LKQ	New	LKQ CORP	$3,122,689	–	53,590	–	0.48%	–
SYY	New	SYSCO CORP	$3,067,280	–	41,338	–	0.47%	–
DXCM	New	DEXCOM INC	$3,047,358	–	23,713	–	0.47%	–
GL	New	GLOBE LIFE INC	$3,051,163	–	27,834	–	0.47%	–
MTD	New	METTLER TOLEDO INTERNATIONAL	$3,015,460	–	2,299	–	0.46%	–
ESS	New	ESSEX PPTY TR INC	$2,897,354	–	12,366	–	0.45%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.	$2,867,328	–	32,005	–	0.44%	–
NTAP	New	NETAPP INC	$2,867,521	–	37,533	–	0.44%	–
MAA	New	MID-AMER APT CMNTYS INC	$2,803,943	–	18,464	–	0.43%	–
CACI	New	CACI INTL INCcl a	$2,796,933	–	8,206	–	0.43%	–
WIX	New	WIX COM LTD	$2,760,464	–	35,282	–	0.42%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$2,712,522	–	7,708	–	0.42%	–
DOV	New	DOVER CORP	$2,684,425	–	18,181	–	0.41%	–
T	New	AT&T INC	$2,636,966	–	165,327	–	0.41%	–
UNM	New	UNUM GROUP	$2,620,161	–	54,930	–	0.40%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$2,594,923	–	23,252	–	0.40%	–
HOLX	New	HOLOGIC INC	$2,585,858	–	31,936	–	0.40%	–
GIS	New	GENERAL MLS INC	$2,580,802	–	33,648	–	0.40%	–
TOL	New	TOLL BROTHERS INC	$2,523,282	–	31,912	–	0.39%	–
PYPL	New	PAYPAL HLDGS INC	$2,509,048	–	37,600	–	0.39%	–
RIO	New	RIO TINTO PLCsponsored adr	$2,432,879	–	38,109	–	0.37%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC Ncl a	$2,415,453	–	1,882	–	0.37%	–
CVS	New	CVS HEALTH CORP	$2,385,676	–	34,510	–	0.37%	–
TNK	New	TEEKAY TANKERS LTDcl a	$2,387,464	–	62,450	–	0.37%	–
BAC	New	BANK AMERICA CORP	$2,311,352	–	80,563	–	0.36%	–
ADSK	New	AUTODESK INC	$2,306,364	–	11,272	–	0.36%	–
ULTA	New	ULTA BEAUTY INC	$2,121,442	–	4,508	–	0.33%	–
WAT	New	WATERS CORP	$2,119,793	–	7,953	–	0.33%	–
RF	New	REGIONS FINANCIAL CORP NEW	$2,087,934	–	117,168	–	0.32%	–
BWA	New	BORGWARNER INC	$2,009,614	–	41,088	–	0.31%	–
BYD	New	BOYD GAMING CORP	$1,948,950	–	28,095	–	0.30%	–
AYI	New	ACUITY BRANDS INC	$1,890,586	–	11,593	–	0.29%	–
BJ	New	BJS WHSL CLUB HLDGS INC	$1,774,488	–	28,162	–	0.27%	–
TPR	New	TAPESTRY INC	$1,756,812	–	41,047	–	0.27%	–
BPOP	New	POPULAR INC	$1,649,049	–	27,248	–	0.25%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$1,606,462	–	6,850	–	0.25%	–
WSM	New	WILLIAMS SONOMA INC	$1,597,412	–	12,765	–	0.25%	–
IBEX	New	IBEX LTD	$1,545,820	–	72,813	–	0.24%	–
TX	New	TERNIUM SAsponsored ads	$1,514,590	–	38,199	–	0.23%	–
	New	ALGOMA STL GROUP INC	$1,503,070	–	211,700	–	0.23%	–
SEE	New	SEALED AIR CORP NEW	$1,275,160	–	31,879	–	0.20%	–
NVS	New	NOVARTIS AGsponsored adr	$1,195,380	–	11,846	–	0.18%	–
SCZ	New	ISHARES TReafe sml cp etf	$999,888	–	16,953	–	0.15%	–
NVO	New	NOVO-NORDISK A Sadr	$962,565	–	5,948	–	0.15%	–
ASML	New	ASML HOLDING N V	$947,973	–	1,308	–	0.15%	–
BHP	New	BHP GROUP LTDsponsored ads	$905,970	–	15,183	–	0.14%	–
BP	New	BP PLCsponsored adr	$848,125	–	24,033	–	0.13%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$706,541	–	7,001	–	0.11%	–
IX	New	ORIX CORPsponsored adr	$685,352	–	7,514	–	0.10%	–
HSBC	New	HSBC HLDGS PLCspon adr new	$646,717	–	16,323	–	0.10%	–
RELX	New	RELX PLCsponsored adr	$631,125	–	18,879	–	0.10%	–
UL	New	UNILEVER PLCspon adr new	$621,390	–	11,920	–	0.10%	–
WF	New	WOORI FINL GROUP INCsponsored ads	$598,209	–	22,197	–	0.09%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$547,776	–	6,572	–	0.08%	–
	New	GSK PLCsponsored adr	$539,055	–	15,125	–	0.08%	–
EWY	New	ISHARES INCmsci sth kor etf	$510,209	–	8,050	–	0.08%	–
DEO	New	DIAGEO PLCspon adr new	$484,530	–	2,793	–	0.08%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$439,604	–	13,785	–	0.07%	–
IHG	New	INTERCONTINENTAL HOTELS GROUsponsored ads	$399,099	–	5,665	–	0.06%	–
SONY	New	SONY GROUP CORPORATIONsponsored adr	$390,594	–	4,338	–	0.06%	–
	New	NATWEST GROUP PLCspons adr	$374,018	–	61,114	–	0.06%	–
NICE	New	NICE LTDsponsored adr	$354,767	–	1,718	–	0.06%	–
STLA	New	STELLANTIS N.V	$346,397	–	19,749	–	0.05%	–
ASC	New	ARDMORE SHIPPING CORP	$332,215	–	26,900	–	0.05%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$284,006	–	36,980	–	0.04%	–
CRH	New	CRH PLCadr	$268,730	–	4,822	–	0.04%	–
TS	New	TENARIS S Asponsored ads	$247,567	–	8,266	–	0.04%	–
HMC	New	HONDA MOTOR LTD	$241,662	–	7,973	–	0.04%	–
SHG	New	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$222,292	–	8,530	–	0.03%	–
CNHI	New	CNH INDL N V	$213,840	–	14,850	–	0.03%	–
SNY	New	SANOFIsponsored adr	$205,682	–	3,816	–	0.03%	–
DB	New	DEUTSCHE BANK A Gnamen akt	$184,833	–	17,553	–	0.03%	–
WB	New	WEIBO CORPsponsored adr	$183,671	–	14,010	–	0.03%	–
INFY	New	INFOSYS LTDsponsored adr	$174,038	–	10,830	–	0.03%	–
UMC	New	UNITED MICROELECTRONICS CORPspon adr new	$157,958	–	20,020	–	0.02%	–
ERIC	New	ERICSSONadr b sek 10	$101,931	–	18,703	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-18,135	–	-0.02%	–
UMC	Exit	UNITED MICROELECTRONICS CORPspon adr new	$0	–	-29,590	–	-0.03%	–
SAN	Exit	BANCO SANTANDER S.A.adr	$0	–	-73,039	–	-0.03%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-3,403	–	-0.04%	–
TS	Exit	TENARIS S Asponsored ads	$0	–	-8,214	–	-0.04%	–
STLA	Exit	STELLANTIS N.V	$0	–	-20,772	–	-0.04%	–
SHG	Exit	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$0	–	-10,770	–	-0.04%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-3,653	–	-0.04%	–
INMD	Exit	INMODE LTD	$0	–	-8,900	–	-0.04%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-9,659	–	-0.04%	–
ABB	Exit	ABB LTDsponsored adr	$0	–	-10,720	–	-0.05%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-65,344	–	-0.05%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-735	–	-0.05%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-18,290	–	-0.05%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-9,665	–	-0.05%	–
	Exit	NATWEST GROUP PLCspons adr	$0	–	-65,157	–	-0.05%	–
HSBC	Exit	HSBC HLDGS PLCspon adr new	$0	–	-12,682	–	-0.06%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-4,439	–	-0.06%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-9,108	–	-0.06%	–
	Exit	GSK PLCsponsored adr	$0	–	-11,947	–	-0.06%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-56,645	–	-0.06%	–
KB	Exit	KB FINL GROUP INCsponsored adr	$0	–	-12,611	–	-0.06%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUsponsored ads	$0	–	-7,785	–	-0.06%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-9,139	–	-0.07%	–
CNHI	Exit	CNH INDL N V	$0	–	-35,907	–	-0.07%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-9,149	–	-0.07%	–
ASML	Exit	ASML HOLDING N V	$0	–	-1,131	–	-0.08%	–
WF	Exit	WOORI FINL GROUP INCsponsored ads	$0	–	-21,970	–	-0.08%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-2,980	–	-0.08%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-5,206	–	-0.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-6,528	–	-0.09%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-21,811	–	-0.09%	–
PLTK	Exit	PLAYTIKA HLDG CORP	$0	–	-56,227	–	-0.09%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-8,033	–	-0.10%	–
BHP	Exit	BHP GROUP LTDsponsored ads	$0	–	-12,426	–	-0.10%	–
	Exit	SHELL PLCspon ads	$0	–	-12,664	–	-0.10%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-20,859	–	-0.11%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-18,328	–	-0.14%	–
HLF	Exit	HERBALIFE NUTRITION LTD	$0	–	-44,925	–	-0.15%	–
ZIM	Exit	ZIM INTEGRATED SHIPPING SERV	$0	–	-39,413	–	-0.15%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-6,575	–	-0.18%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-17,641	–	-0.22%	–
CCEP	Exit	COCA-COLA EUROPACIFIC PARTNE	$0	–	-32,741	–	-0.23%	–
BLDR	Exit	BUILDERS FIRSTSOURCE INC	$0	–	-27,578	–	-0.27%	–
PAYX	Exit	PAYCHEX INC	$0	–	-14,626	–	-0.27%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-34,402	–	-0.27%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-6,175	–	-0.28%	–
BPOP	Exit	POPULAR INC	$0	–	-27,183	–	-0.33%	–
LPLA	Exit	LPL FINL HLDGS INC	$0	–	-9,149	–	-0.33%	–
C	Exit	CITIGROUP INC	$0	–	-49,645	–	-0.34%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-55,138	–	-0.35%	–
RIO	Exit	RIO TINTO PLCsponsored adr	$0	–	-38,650	–	-0.36%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-58,904	–	-0.36%	–
ON	Exit	ON SEMICONDUCTOR CORP	$0	–	-34,342	–	-0.36%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-10,019	–	-0.36%	–
DOV	Exit	DOVER CORP	$0	–	-19,765	–	-0.38%	–
IT	Exit	GARTNER INC	$0	–	-8,456	–	-0.39%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-33,493	–	-0.41%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-96,266	–	-0.41%	–
NTES	Exit	NETEASE INCsponsored ads	$0	–	-32,977	–	-0.42%	–
CACI	Exit	CACI INTL INCcl a	$0	–	-9,644	–	-0.42%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-26,604	–	-0.42%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-1,554	–	-0.42%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-8,976	–	-0.43%	–
RF	Exit	REGIONS FINANCIAL CORP NEW	$0	–	-130,333	–	-0.44%	–
PVH	Exit	PVH CORPORATION	$0	–	-62,287	–	-0.46%	–
TPR	Exit	TAPESTRY INC	$0	–	-99,795	–	-0.47%	–
GIS	Exit	GENERAL MLS INC	$0	–	-39,502	–	-0.50%	–
	Exit	CRANE HLDGS CO	$0	–	-35,192	–	-0.51%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-22,293	–	-0.52%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-7,888	–	-0.53%	–
LOW	Exit	LOWES COS INC	$0	–	-17,071	–	-0.53%	–
TX	Exit	TERNIUM SAsponsored ads	$0	–	-117,095	–	-0.53%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-26,719	–	-0.54%	–
PSX	Exit	PHILLIPS 66	$0	–	-40,521	–	-0.54%	–
VRSN	Exit	VERISIGN INC	$0	–	-18,848	–	-0.54%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-109,464	–	-0.55%	–
HOLX	Exit	HOLOGIC INC	$0	–	-52,792	–	-0.57%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-7,221	–	-0.57%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-16,331	–	-0.57%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-53,031	–	-0.58%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-14,495	–	-0.58%	–
OC	Exit	OWENS CORNING NEW	$0	–	-45,590	–	-0.60%	–
CSCO	Exit	CISCO SYS INC	$0	–	-89,721	–	-0.60%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-62,288	–	-0.64%	–
TRGP	Exit	TARGA RES CORP	$0	–	-64,960	–	-0.65%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-66,111	–	-0.66%	–
DELL	Exit	DELL TECHNOLOGIES INCcl c	$0	–	-117,106	–	-0.67%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-52,666	–	-0.67%	–
CBOE	Exit	CBOE GLOBAL MKTS INC	$0	–	-34,548	–	-0.68%	–
UNP	Exit	UNION PAC CORP	$0	–	-20,920	–	-0.68%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-48,834	–	-0.69%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG PL	$0	–	-110,658	–	-0.69%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-15,819	–	-0.69%	–
RBC	Exit	REGAL REXNORD CORPORATION	$0	–	-29,745	–	-0.70%	–
LKQ	Exit	LKQ CORP	$0	–	-93,011	–	-0.73%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-15,511	–	-0.74%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-44,937	–	-0.74%	–
EME	Exit	EMCOR GROUP INC	$0	–	-38,958	–	-0.75%	–
TSLA	Exit	TESLA INC	$0	–	-19,038	–	-0.84%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-32,842	–	-0.86%	–
KR	Exit	KROGER CO	$0	–	-118,864	–	-0.87%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-77,898	–	-0.92%	–
V	Exit	VISA INC	$0	–	-32,593	–	-0.96%	–
NLOK	Exit	NORTONLIFELOCK INC	$0	–	-293,081	–	-0.98%	–
CG	Exit	CARLYLE GROUP INC	$0	–	-228,556	–	-0.98%	–
WRK	Exit	WESTROCK CO	$0	–	-199,314	–	-1.03%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-45,455	–	-1.03%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-39,840	–	-1.04%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-197,880	–	-1.07%	–
CE	Exit	CELANESE CORP DEL	$0	–	-73,632	–	-1.11%	–
ICLR	Exit	ICON PLC	$0	–	-36,287	–	-1.11%	–
DBX	Exit	DROPBOX INCcl a	$0	–	-322,917	–	-1.12%	–
QCOM	Exit	QUALCOMM INC	$0	–	-59,440	–	-1.12%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-194,130	–	-1.16%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-86,848	–	-1.16%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-67,191	–	-1.17%	–
AVGO	Exit	BROADCOM INC	$0	–	-16,205	–	-1.20%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-87,711	–	-1.28%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-62,621	–	-1.32%	–
PFE	Exit	PFIZER INC	$0	–	-185,030	–	-1.35%	–
MCK	Exit	MCKESSON CORP	$0	–	-24,009	–	-1.36%	–
SNA	Exit	SNAP ON INC	$0	–	-40,598	–	-1.36%	–
MTD	Exit	METTLER TOLEDO INTERNATIONAL	$0	–	-7,596	–	-1.37%	–
AMGN	Exit	AMGEN INC	$0	–	-37,273	–	-1.40%	–
NRG	Exit	NRG ENERGY INC	$0	–	-224,035	–	-1.43%	–
ACI	Exit	ALBERTSONS COS INC	$0	–	-346,293	–	-1.43%	–
KLAC	Exit	KLA CORP	$0	–	-28,508	–	-1.44%	–
HSY	Exit	HERSHEY CO	$0	–	-39,890	–	-1.46%	–
AMZN	Exit	AMAZON COM INC	$0	–	-80,659	–	-1.52%	–
MET	Exit	METLIFE INC	$0	–	-160,202	–	-1.62%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-160,696	–	-1.76%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-70,256	–	-1.91%	–
ABBV	Exit	ABBVIE INC	$0	–	-87,969	–	-1.97%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-46,025	–	-1.97%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-30,990	–	-2.13%	–
ABT	Exit	ABBOTT LABS	$0	–	-148,508	–	-2.39%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-138,246	–	-2.58%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-218,351	–	-2.59%	–
AAPL	Exit	APPLE INC	$0	–	-129,114	–	-2.97%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-293,466	–	-4.68%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-126,288	–	-4.90%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$29,412,000	-14.9%	126,288	-6.2%	4.90%	-7.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$28,070,000	-15.6%	293,466	-3.9%	4.68%	-7.7%
AAPL	Sell	APPLE INC	$17,844,000	-2.7%	129,114	-3.7%	2.97%	+6.4%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$15,523,000	-7.5%	218,351	+0.2%	2.59%	+1.1%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$15,486,000	-3.3%	138,246	+5.2%	2.58%	+5.7%
ABT	Buy	ABBOTT LABS	$14,370,000	+217.3%	148,508	+256.3%	2.39%	+247.0%
FICO	Buy	FAIR ISAAC CORP	$12,768,000	+54.1%	30,990	+49.9%	2.13%	+68.4%
ACN	Sell	ACCENTURE PLC IRELAND	$11,842,000	-10.9%	46,025	-3.8%	1.97%	-2.6%
ABBV	Sell	ABBVIE INC	$11,806,000	-15.7%	87,969	-3.8%	1.97%	-7.9%
CDNS	Sell	CADENCE DESIGN SYSTEM INC	$11,482,000	+4.7%	70,256	-3.8%	1.91%	+14.5%
TSN	Sell	TYSON FOODS INCcl a	$10,595,000	-26.3%	160,696	-3.8%	1.76%	-19.4%
MET	Sell	METLIFE INC	$9,737,000	-6.8%	160,202	-3.8%	1.62%	+1.8%
AMZN	Sell	AMAZON COM INC	$9,114,000	+2.4%	80,659	-3.8%	1.52%	+11.9%
HSY	Buy	HERSHEY CO	$8,795,000	+49.4%	39,890	+45.8%	1.46%	+63.3%
KLAC	Sell	KLA CORP	$8,627,000	-8.7%	28,508	-3.8%	1.44%	-0.3%
ACI	Sell	ALBERTSONS COS INC	$8,609,000	-8.5%	346,293	-1.6%	1.43%	+0.1%
NRG	Sell	NRG ENERGY INC	$8,574,000	-3.6%	224,035	-3.8%	1.43%	+5.4%
AMGN	Sell	AMGEN INC	$8,401,000	-10.9%	37,273	-3.8%	1.40%	-2.6%
MTD	Buy	METTLER TOLEDO INTERNATIONAL	$8,235,000	+35.5%	7,596	+43.6%	1.37%	+48.2%
SNA	Sell	SNAP ON INC	$8,174,000	-1.6%	40,598	-3.7%	1.36%	+7.6%
MCK	Sell	MCKESSON CORP	$8,160,000	+0.1%	24,009	-3.9%	1.36%	+9.4%
PFE	Sell	PFIZER INC	$8,097,000	-19.8%	185,030	-3.9%	1.35%	-12.3%
PG	Sell	PROCTER AND GAMBLE CO	$7,906,000	-21.2%	62,621	-10.2%	1.32%	-13.9%
XOM	Buy	EXXON MOBIL CORP	$7,658,000	+104.8%	87,711	+100.9%	1.28%	+123.9%
AVGO	Sell	BROADCOM INC	$7,195,000	-12.1%	16,205	-3.9%	1.20%	-3.9%
JPM	Sell	JPMORGAN CHASE & CO	$7,021,000	-31.5%	67,191	-26.2%	1.17%	-25.1%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$6,976,000	-15.4%	86,848	-3.9%	1.16%	-7.6%
SLB	Sell	SCHLUMBERGER LTD	$6,969,000	-3.4%	194,130	-3.8%	1.16%	+5.5%
QCOM	Sell	QUALCOMM INC	$6,716,000	-14.9%	59,440	-3.8%	1.12%	-6.9%
DBX	Sell	DROPBOX INCcl a	$6,691,000	-5.1%	322,917	-3.9%	1.12%	+3.8%
ICLR	Buy	ICON PLC	$6,669,000	-15.1%	36,287	+0.1%	1.11%	-7.2%
CE	Sell	CELANESE CORP DEL	$6,652,000	-26.2%	73,632	-3.9%	1.11%	-19.3%
NTB	Sell	BANK OF NT BUTTERFIELD&SON L	$6,423,000	-19.5%	197,880	-22.6%	1.07%	-11.9%
AYI	Sell	ACUITY BRANDS INC	$6,274,000	-1.7%	39,840	-3.8%	1.04%	+7.5%
FB	Sell	META PLATFORMS INCcl a	$6,167,000	-19.0%	45,455	-3.8%	1.03%	-11.5%
WRK	Sell	WESTROCK CO	$6,157,000	-25.5%	199,314	-4.0%	1.03%	-18.6%
CG	Buy	CARLYLE GROUP INC	$5,906,000	+19.7%	228,556	+46.6%	0.98%	+30.9%
NLOK	Buy	NORTONLIFELOCK INC	$5,903,000	+157.4%	293,081	+180.7%	0.98%	+181.7%
V	Sell	VISA INC	$5,790,000	-13.1%	32,593	-3.7%	0.96%	-5.0%
GDDY	Sell	GODADDY INCcl a	$5,521,000	-1.9%	77,898	-3.8%	0.92%	+7.2%
KR	New	KROGER CO	$5,200,000	–	118,864	–	0.87%	–
KEYS	Buy	KEYSIGHT TECHNOLOGIES INC	$5,168,000	+31.9%	32,842	+15.6%	0.86%	+44.2%
TSLA	Buy	TESLA INC	$5,050,000	+77.9%	19,038	+351.8%	0.84%	+94.2%
EME	Sell	EMCOR GROUP INC	$4,499,000	+8.0%	38,958	-3.8%	0.75%	+18.0%
MPC	Sell	MARATHON PETE CORP	$4,464,000	+16.3%	44,937	-3.8%	0.74%	+27.2%
MA	Sell	MASTERCARD INCORPORATEDcl a	$4,410,000	-14.1%	15,511	-4.7%	0.74%	-6.1%
LKQ	Sell	LKQ CORP	$4,385,000	-7.5%	93,011	-3.7%	0.73%	+1.1%
RBC	Sell	REGAL REXNORD CORPORATION	$4,175,000	+18.8%	29,745	-3.9%	0.70%	+30.1%
RE	Sell	EVEREST RE GROUP LTD	$4,152,000	-10.0%	15,819	-3.9%	0.69%	-1.6%
SBUX	Sell	STARBUCKS CORP	$4,115,000	+6.1%	48,834	-3.8%	0.69%	+16.1%
UNP	Sell	UNION PAC CORP	$4,076,000	-12.1%	20,920	-3.8%	0.68%	-4.0%
CBOE	Sell	CBOE GLOBAL MKTS INC	$4,055,000	-14.5%	34,548	-17.6%	0.68%	-6.5%
RHI	Sell	ROBERT HALF INTL INC	$4,029,000	-1.8%	52,666	-3.9%	0.67%	+7.4%
DELL	Sell	DELL TECHNOLOGIES INCcl c	$4,002,000	-28.8%	117,106	-3.7%	0.67%	-22.2%
DVN	Sell	DEVON ENERGY CORP NEW	$3,975,000	+4.9%	66,111	-3.8%	0.66%	+14.7%
TRGP	Sell	TARGA RES CORP	$3,920,000	-2.8%	64,960	-3.9%	0.65%	+6.4%
HIG	Sell	HARTFORD FINL SVCS GROUP INC	$3,858,000	-9.8%	62,288	-4.7%	0.64%	-1.4%
CSCO	Buy	CISCO SYS INC	$3,589,000	+1.2%	89,721	+7.9%	0.60%	+10.7%
OC	Buy	OWENS CORNING NEW	$3,584,000	+49.1%	45,590	+41.0%	0.60%	+63.1%
ESS	Sell	ESSEX PPTY TR INC	$3,511,000	-10.8%	14,495	-3.7%	0.58%	-2.5%
WAL	Sell	WESTERN ALLIANCE BANCORP	$3,486,000	-57.5%	53,031	-54.4%	0.58%	-53.5%
NSC	Sell	NORFOLK SOUTHN CORP	$3,424,000	-11.2%	16,331	-3.7%	0.57%	-2.9%
COST	Sell	COSTCO WHSL CORP NEW	$3,410,000	-14.6%	7,221	-13.3%	0.57%	-6.7%
HOLX	Sell	HOLOGIC INC	$3,406,000	-10.3%	52,792	-3.7%	0.57%	-2.1%
BAC	Buy	BK OF AMERICA CORP	$3,306,000	+41.7%	109,464	+46.1%	0.55%	+54.8%
VRSN	Sell	VERISIGN INC	$3,274,000	-0.1%	18,848	-3.8%	0.54%	+9.2%
PSX	Sell	PHILLIPS 66	$3,271,000	-5.1%	40,521	-3.6%	0.54%	+3.8%
A	Sell	AGILENT TECHNOLOGIES INC	$3,248,000	-1.5%	26,719	-3.8%	0.54%	+7.6%
LOW	Sell	LOWES COS INC	$3,206,000	+4.1%	17,071	-3.2%	0.53%	+13.6%
TX	Buy	TERNIUM SAsponsored ads	$3,207,000	+38.5%	117,095	+82.5%	0.53%	+51.3%
FDS	Sell	FACTSET RESH SYS INC	$3,156,000	+0.1%	7,888	-3.8%	0.53%	+9.4%
MAR	Sell	MARRIOTT INTL INC NEWcl a	$3,124,000	-11.7%	22,293	-14.3%	0.52%	-3.5%
	Sell	CRANE HLDGS CO	$3,081,000	-3.8%	35,192	-3.8%	0.51%	+5.1%
GIS	Sell	GENERAL MLS INC	$3,026,000	-2.3%	39,502	-3.8%	0.50%	+6.8%
TPR	Sell	TAPESTRY INC	$2,837,000	-10.3%	99,795	-3.7%	0.47%	-1.9%
PVH	Sell	PVH CORPORATION	$2,790,000	-24.2%	62,287	-3.7%	0.46%	-17.1%
RF	Sell	REGIONS FINANCIAL CORP NEW	$2,616,000	+2.8%	130,333	-3.9%	0.44%	+12.4%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$2,599,000	-0.1%	8,976	-2.7%	0.43%	+9.3%
BKNG	Sell	BOOKING HOLDINGS INC	$2,554,000	-10.7%	1,554	-5.0%	0.42%	-2.5%
CVS	New	CVS HEALTH CORP	$2,537,000	–	26,604	–	0.42%	–
CACI	Sell	CACI INTL INCcl a	$2,518,000	-10.9%	9,644	-3.8%	0.42%	-2.8%
NTES	New	NETEASE INCsponsored ads	$2,493,000	–	32,977	–	0.42%	–
IPG	Sell	INTERPUBLIC GROUP COS INC	$2,464,000	-43.2%	96,266	-38.9%	0.41%	-38.0%
EMR	Sell	EMERSON ELEC CO	$2,452,000	-11.4%	33,493	-3.8%	0.41%	-3.3%
IT	Sell	GARTNER INC	$2,340,000	+11.4%	8,456	-2.6%	0.39%	+21.9%
DOV	Sell	DOVER CORP	$2,304,000	-48.5%	19,765	-46.4%	0.38%	-43.7%
EL	Buy	LAUDER ESTEE COS INCcl a	$2,163,000	+19.0%	10,019	+40.4%	0.36%	+30.0%
ON	Sell	ON SEMICONDUCTOR CORP	$2,141,000	+18.6%	34,342	-4.3%	0.36%	+29.8%
RIO	Sell	RIO TINTO PLCsponsored adr	$2,128,000	-24.8%	38,650	-16.7%	0.36%	-17.6%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$2,132,000	-7.0%	58,904	-5.0%	0.36%	+1.7%
CPRI	Sell	CAPRI HOLDINGS LIMITED	$2,120,000	-9.9%	55,138	-3.9%	0.35%	-1.7%
C	Buy	CITIGROUP INC	$2,069,000	+16.1%	49,645	+28.1%	0.34%	+26.8%
LPLA	New	LPL FINL HLDGS INC	$1,999,000	–	9,149	–	0.33%	–
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$1,699,000	-27.0%	6,175	-2.8%	0.28%	-20.1%
SSNC	Sell	SS&C TECHNOLOGIES HLDGS INC	$1,643,000	-19.2%	34,402	-1.8%	0.27%	-11.6%
PAYX	Sell	PAYCHEX INC	$1,641,000	-3.6%	14,626	-2.1%	0.27%	+5.4%
BLDR	New	BUILDERS FIRSTSOURCE INC	$1,625,000	–	27,578	–	0.27%	–
CCEP	New	COCA-COLA EUROPACIFIC PARTNE	$1,395,000	–	32,741	–	0.23%	–
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$1,328,000	-15.5%	17,641	-1.8%	0.22%	-7.9%
LNG	Sell	CHENIERE ENERGY INC	$1,091,000	+19.8%	6,575	-4.0%	0.18%	+30.9%
ZIM	Sell	ZIM INTEGRATED SHIPPING SERV	$926,000	-75.9%	39,413	-51.6%	0.15%	-73.7%
HLF	Sell	HERBALIFE NUTRITION LTD	$894,000	-4.6%	44,925	-1.9%	0.15%	+4.2%
SEE	Sell	SEALED AIR CORP NEW	$816,000	-26.0%	18,328	-4.0%	0.14%	-19.0%
IP	Sell	INTERNATIONAL PAPER CO	$661,000	-72.7%	20,859	-64.0%	0.11%	-70.3%
	Buy	SHELL PLCspon ads	$630,000	+1.9%	12,664	+7.2%	0.10%	+11.7%
BHP	Buy	BHP GROUP LTDsponsored ads	$622,000	+4.2%	12,426	+16.9%	0.10%	+14.3%
IX	Buy	ORIX CORPsponsored adr	$568,000	-11.9%	8,033	+4.9%	0.10%	-3.1%
PLTK	Buy	PLAYTIKA HLDG CORP	$528,000	-28.8%	56,227	+0.4%	0.09%	-22.1%
RELX	New	RELX PLCsponsored adr	$530,000	–	21,811	–	0.09%	–
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$522,000	+32.5%	6,528	+88.1%	0.09%	+45.0%
NVO	Buy	NOVO-NORDISK A Sadr	$519,000	-6.1%	5,206	+4.9%	0.09%	+2.4%
DEO	Buy	DIAGEO PLCspon adr new	$506,000	+2.2%	2,980	+4.8%	0.08%	+12.0%
WF	Buy	WOORI FINL GROUP INCsponsored ads	$490,000	-19.0%	21,970	+2.7%	0.08%	-10.9%
ASML	Buy	ASML HOLDING N V	$470,000	-8.6%	1,131	+4.7%	0.08%	0.0%
SCZ	Sell	ISHARES TReafe sml cp etf	$446,000	-56.6%	9,149	-51.4%	0.07%	-52.9%
UL	Buy	UNILEVER PLCspon adr new	$401,000	+0.5%	9,139	+4.9%	0.07%	+9.8%
CNHI	Buy	CNH INDL N V	$401,000	+1.0%	35,907	+4.9%	0.07%	+9.8%
KB	Sell	KB FINL GROUP INCsponsored adr	$380,000	-89.6%	12,611	-87.1%	0.06%	-88.6%
IHG	Buy	INTERCONTINENTAL HOTELS GROUsponsored ads	$378,000	-5.3%	7,785	+5.3%	0.06%	+3.3%
BCS	Buy	BARCLAYS PLCadr	$363,000	-11.7%	56,645	+4.8%	0.06%	-4.8%
	New	GSK PLCsponsored adr	$352,000	–	11,947	–	0.06%	–
SNY	Buy	SANOFIsponsored adr	$346,000	-20.5%	9,108	+4.8%	0.06%	-12.1%
NVS	Buy	NOVARTIS AGsponsored adr	$337,000	-5.9%	4,439	+4.8%	0.06%	+1.8%
HSBC	Buy	HSBC HLDGS PLCspon adr new	$331,000	+62.3%	12,682	+103.0%	0.06%	+77.4%
	New	NATWEST GROUP PLCspons adr	$325,000	–	65,157	–	0.05%	–
EQNR	Buy	EQUINOR ASAsponsored adr	$320,000	-0.3%	9,665	+4.8%	0.05%	+8.2%
INFY	Sell	INFOSYS LTDsponsored adr	$310,000	-30.6%	18,290	-24.2%	0.05%	-23.5%
NOK	Buy	NOKIA CORPsponsored adr	$279,000	-3.1%	65,344	+4.7%	0.05%	+4.5%
ABB	Sell	ABB LTDsponsored adr	$275,000	-6.1%	10,720	-2.1%	0.05%	+2.2%
GIL	Sell	GILDAN ACTIVEWEAR INC	$273,000	-11.9%	9,659	-10.2%	0.04%	-4.3%
INMD	New	INMODE LTD	$259,000	–	8,900	–	0.04%	–
STLA	Buy	STELLANTIS N.V	$246,000	+48.2%	20,772	+54.4%	0.04%	+64.0%
TS	New	TENARIS S Asponsored ads	$212,000	–	8,214	–	0.04%	–
SAN	New	BANCO SANTANDER S.A.adr	$169,000	–	73,039	–	0.03%	–
UMC	Sell	UNITED MICROELECTRONICS CORPspon adr new	$165,000	-53.1%	29,590	-43.1%	0.03%	-50.0%
ERIC	Buy	ERICSSONadr b sek 10	$104,000	-20.6%	18,135	+2.7%	0.02%	-15.0%
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-47,805	–	-0.03%	–
GSK	Exit	GSK PLCsponsored adr	$0	–	-5,409	–	-0.04%	–
GMAB	Exit	GENMAB A/Ssponsored ads	$0	–	-7,953	–	-0.04%	–
EWT	Exit	ISHARES INCmsci taiwan etf	$0	–	-5,580	–	-0.04%	–
NWG	Exit	NATWEST GROUP PLCspons adr 2 ord	$0	–	-52,337	–	-0.04%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-33,342	–	-0.10%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-9,072	–	-0.23%	–
TGT	Exit	TARGET CORP	$0	–	-11,811	–	-0.25%	–
CSTM	Exit	CONSTELLIUM SE	$0	–	-141,154	–	-0.28%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-24,070	–	-0.57%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-76,210	–	-0.68%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-26,032	–	-0.98%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-19,112	–	-1.02%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-40,735	–	-1.10%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$34,562,000	–	134,572	–	5.27%	–
GOOGL	New	ALPHABET INCcap stk cl a	$33,258,000	–	305,220	–	5.07%	–
AAPL	New	APPLE INC	$18,340,000	–	134,142	–	2.80%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$16,785,000	–	217,985	–	2.56%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$16,011,000	–	131,471	–	2.44%	–
TSN	New	TYSON FOODS INCcl a	$14,373,000	–	167,009	–	2.19%	–
ABBV	New	ABBVIE INC	$14,011,000	–	91,478	–	2.14%	–
ACN	New	ACCENTURE PLC IRELAND	$13,288,000	–	47,858	–	2.02%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$10,962,000	–	73,067	–	1.67%	–
MET	New	METLIFE INC	$10,453,000	–	166,480	–	1.59%	–
JPM	New	JPMORGAN CHASE & CO	$10,250,000	–	91,026	–	1.56%	–
PFE	New	PFIZER INC	$10,092,000	–	192,492	–	1.54%	–
PG	New	PROCTER AND GAMBLE CO	$10,031,000	–	69,761	–	1.53%	–
KLAC	New	KLA CORP	$9,453,000	–	29,627	–	1.44%	–
AMGN	New	AMGEN INC	$9,428,000	–	38,750	–	1.44%	–
ACI	New	ALBERTSONS COS INC	$9,405,000	–	351,973	–	1.43%	–
CE	New	CELANESE CORP DEL	$9,008,000	–	76,593	–	1.37%	–
AMZN	New	AMAZON COM INC	$8,903,000	–	83,820	–	1.36%	–
NRG	New	NRG ENERGY INC	$8,890,000	–	232,904	–	1.36%	–
SNA	New	SNAP ON INC	$8,308,000	–	42,168	–	1.27%	–
FICO	New	FAIR ISAAC CORP	$8,285,000	–	20,667	–	1.26%	–
WRK	New	WESTROCK CO	$8,268,000	–	207,534	–	1.26%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$8,250,000	–	90,329	–	1.26%	–
WAL	New	WESTERN ALLIANCE BANCORP	$8,205,000	–	116,218	–	1.25%	–
AVGO	New	BROADCOM INC	$8,189,000	–	16,856	–	1.25%	–
MCK	New	MCKESSON CORP	$8,152,000	–	24,991	–	1.24%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$7,974,000	–	255,650	–	1.22%	–
QCOM	New	QUALCOMM INC	$7,889,000	–	61,758	–	1.20%	–
ICLR	New	ICON PLC	$7,853,000	–	36,238	–	1.20%	–
FB	New	META PLATFORMS INCcl a	$7,618,000	–	47,245	–	1.16%	–
JNJ	New	JOHNSON & JOHNSON	$7,231,000	–	40,735	–	1.10%	–
SLB	New	SCHLUMBERGER LTD	$7,218,000	–	201,848	–	1.10%	–
DBX	New	DROPBOX INCcl a	$7,050,000	–	335,853	–	1.07%	–
IDXX	New	IDEXX LABS INC	$6,703,000	–	19,112	–	1.02%	–
V	New	VISA INC	$6,665,000	–	33,851	–	1.02%	–
PH	New	PARKER-HANNIFIN CORP	$6,405,000	–	26,032	–	0.98%	–
AYI	New	ACUITY BRANDS INC	$6,380,000	–	41,419	–	0.97%	–
MTD	New	METTLER TOLEDO INTERNATIONAL	$6,078,000	–	5,291	–	0.93%	–
HSY	New	HERSHEY CO	$5,888,000	–	27,366	–	0.90%	–
GDDY	New	GODADDY INCcl a	$5,630,000	–	80,941	–	0.86%	–
DELL	New	DELL TECHNOLOGIES INCcl c	$5,621,000	–	121,650	–	0.86%	–
MA	New	MASTERCARD INCORPORATEDcl a	$5,135,000	–	16,276	–	0.78%	–
CG	New	CARLYLE GROUP INC	$4,936,000	–	155,904	–	0.75%	–
CBOE	New	CBOE GLOBAL MKTS INC	$4,745,000	–	41,918	–	0.72%	–
LKQ	New	LKQ CORP	$4,741,000	–	96,580	–	0.72%	–
UNP	New	UNION PAC CORP	$4,636,000	–	21,739	–	0.71%	–
RE	New	EVEREST RE GROUP LTD	$4,614,000	–	16,462	–	0.70%	–
ST	New	SENSATA TECHNOLOGIES HLDG PL	$4,571,000	–	110,658	–	0.70%	–
ABT	New	ABBOTT LABS	$4,529,000	–	41,681	–	0.69%	–
OXY	New	OCCIDENTAL PETE CORP	$4,487,000	–	76,210	–	0.68%	–
DOV	New	DOVER CORP	$4,475,000	–	36,889	–	0.68%	–
IPG	New	INTERPUBLIC GROUP COS INC	$4,335,000	–	157,479	–	0.66%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$4,278,000	–	65,389	–	0.65%	–
EME	New	EMCOR GROUP INC	$4,167,000	–	40,476	–	0.64%	–
RHI	New	ROBERT HALF INTL INC	$4,104,000	–	54,794	–	0.62%	–
TRGP	New	TARGA RES CORP	$4,032,000	–	67,577	–	0.61%	–
COST	New	COSTCO WHSL CORP NEW	$3,993,000	–	8,331	–	0.61%	–
ESS	New	ESSEX PPTY TR INC	$3,938,000	–	15,059	–	0.60%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$3,917,000	–	28,416	–	0.60%	–
SBUX	New	STARBUCKS CORP	$3,879,000	–	50,781	–	0.59%	–
NSC	New	NORFOLK SOUTHN CORP	$3,855,000	–	16,962	–	0.59%	–
ZIM	New	ZIM INTEGRATED SHIPPING SERV	$3,845,000	–	81,401	–	0.59%	–
MPC	New	MARATHON PETE CORP	$3,839,000	–	46,700	–	0.58%	–
HOLX	New	HOLOGIC INC	$3,798,000	–	54,802	–	0.58%	–
DVN	New	DEVON ENERGY CORP NEW	$3,788,000	–	68,742	–	0.58%	–
XOM	New	EXXON MOBIL CORP	$3,739,000	–	43,656	–	0.57%	–
MMC	New	MARSH & MCLENNAN COS INC	$3,737,000	–	24,070	–	0.57%	–
PVH	New	PVH CORPORATION	$3,679,000	–	64,662	–	0.56%	–
KB	New	KB FINL GROUP INCsponsored adr	$3,645,000	–	97,980	–	0.56%	–
CSCO	New	CISCO SYS INC	$3,545,000	–	83,134	–	0.54%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$3,537,000	–	26,006	–	0.54%	–
RBC	New	REGAL REXNORD CORPORATION	$3,513,000	–	30,948	–	0.54%	–
PSX	New	PHILLIPS 66	$3,445,000	–	42,017	–	0.52%	–
A	New	AGILENT TECHNOLOGIES INC	$3,298,000	–	27,768	–	0.50%	–
VRSN	New	VERISIGN INC	$3,277,000	–	19,586	–	0.50%	–
	New	CRANE HLDGS CO	$3,203,000	–	36,582	–	0.49%	–
TPR	New	TAPESTRY INC	$3,162,000	–	103,614	–	0.48%	–
FDS	New	FACTSET RESH SYS INC	$3,153,000	–	8,199	–	0.48%	–
GIS	New	GENERAL MLS INC	$3,098,000	–	41,064	–	0.47%	–
LOW	New	LOWES COS INC	$3,081,000	–	17,639	–	0.47%	–
BKNG	New	BOOKING HOLDINGS INC	$2,860,000	–	1,635	–	0.44%	–
TSLA	New	TESLA INC	$2,838,000	–	4,214	–	0.43%	–
CACI	New	CACI INTL INCcl a	$2,825,000	–	10,024	–	0.43%	–
RIO	New	RIO TINTO PLCsponsored adr	$2,830,000	–	46,389	–	0.43%	–
EMR	New	EMERSON ELEC CO	$2,768,000	–	34,800	–	0.42%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$2,601,000	–	9,229	–	0.40%	–
RF	New	REGIONS FINANCIAL CORP NEW	$2,544,000	–	135,660	–	0.39%	–
IP	New	INTERNATIONAL PAPER CO	$2,425,000	–	57,983	–	0.37%	–
OC	New	OWENS CORNING NEW	$2,403,000	–	32,333	–	0.37%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$2,354,000	–	57,401	–	0.36%	–
BAC	New	BK OF AMERICA CORP	$2,333,000	–	74,948	–	0.36%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$2,326,000	–	6,354	–	0.35%	–
TX	New	TERNIUM SAsponsored ads	$2,316,000	–	64,164	–	0.35%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$2,293,000	–	62,034	–	0.35%	–
NLOK	New	NORTONLIFELOCK INC	$2,293,000	–	104,402	–	0.35%	–
IT	New	GARTNER INC	$2,100,000	–	8,685	–	0.32%	–
BPOP	New	POPULAR INC	$2,091,000	–	27,183	–	0.32%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$2,034,000	–	35,022	–	0.31%	–
CSTM	New	CONSTELLIUM SE	$1,865,000	–	141,154	–	0.28%	–
EL	New	LAUDER ESTEE COS INCcl a	$1,817,000	–	7,136	–	0.28%	–
ON	New	ON SEMICONDUCTOR CORP	$1,805,000	–	35,886	–	0.28%	–
C	New	CITIGROUP INC	$1,782,000	–	38,751	–	0.27%	–
PAYX	New	PAYCHEX INC	$1,702,000	–	14,946	–	0.26%	–
TGT	New	TARGET CORP	$1,668,000	–	11,811	–	0.25%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$1,572,000	–	17,970	–	0.24%	–
HCA	New	HCA HEALTHCARE INC	$1,525,000	–	9,072	–	0.23%	–
SEE	New	SEALED AIR CORP NEW	$1,102,000	–	19,099	–	0.17%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,027,000	–	18,819	–	0.16%	–
HLF	New	HERBALIFE NUTRITION LTD	$937,000	–	45,805	–	0.14%	–
LNG	New	CHENIERE ENERGY INC	$911,000	–	6,851	–	0.14%	–
PLTK	New	PLAYTIKA HLDG CORP	$742,000	–	56,006	–	0.11%	–
IX	New	ORIX CORPsponsored adr	$645,000	–	7,660	–	0.10%	–
NWL	New	NEWELL BRANDS INC	$635,000	–	33,342	–	0.10%	–
	New	SHELL PLCspon ads	$618,000	–	11,811	–	0.09%	–
WF	New	WOORI FINL GROUP INCsponsored ads	$605,000	–	21,389	–	0.09%	–
BHP	New	BHP GROUP LTDsponsored ads	$597,000	–	10,629	–	0.09%	–
NVO	New	NOVO-NORDISK A Sadr	$553,000	–	4,962	–	0.08%	–
ASML	New	ASML HOLDING N V	$514,000	–	1,080	–	0.08%	–
DEO	New	DIAGEO PLCspon adr new	$495,000	–	2,843	–	0.08%	–
INFY	New	INFOSYS LTDsponsored adr	$447,000	–	24,127	–	0.07%	–
SNY	New	SANOFIsponsored adr	$435,000	–	8,687	–	0.07%	–
BCS	New	BARCLAYS PLCadr	$411,000	–	54,037	–	0.06%	–
UL	New	UNILEVER PLCspon adr new	$399,000	–	8,711	–	0.06%	–
IHG	New	INTERCONTINENTAL HOTELS GROUsponsored ads	$399,000	–	7,390	–	0.06%	–
CNHI	New	CNH INDL N V	$397,000	–	34,223	–	0.06%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$394,000	–	3,470	–	0.06%	–
NVS	New	NOVARTIS AGsponsored adr	$358,000	–	4,236	–	0.06%	–
UMC	New	UNITED MICROELECTRONICS CORPspon adr new	$352,000	–	52,030	–	0.05%	–
EQNR	New	EQUINOR ASAsponsored adr	$321,000	–	9,226	–	0.05%	–
LMT	New	LOCKHEED MARTIN CORP	$316,000	–	735	–	0.05%	–
GIL	New	GILDAN ACTIVEWEAR INC	$310,000	–	10,762	–	0.05%	–
SHG	New	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$308,000	–	10,770	–	0.05%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$299,000	–	3,653	–	0.05%	–
ABB	New	ABB LTDsponsored adr	$293,000	–	10,953	–	0.04%	–
NOK	New	NOKIA CORPsponsored adr	$288,000	–	62,419	–	0.04%	–
EWT	New	ISHARES INCmsci taiwan etf	$281,000	–	5,580	–	0.04%	–
NWG	New	NATWEST GROUP PLCspons adr 2 ord	$285,000	–	52,337	–	0.04%	–
GMAB	New	GENMAB A/Ssponsored ads	$258,000	–	7,953	–	0.04%	–
GSK	New	GSK PLCsponsored adr	$235,000	–	5,409	–	0.04%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$216,000	–	47,805	–	0.03%	–
PDD	New	PINDUODUO INCsponsored ads	$210,000	–	3,403	–	0.03%	–
HSBC	New	HSBC HLDGS PLCspon adr new	$204,000	–	6,247	–	0.03%	–
STLA	New	STELLANTIS N.V	$166,000	–	13,450	–	0.02%	–
ERIC	New	ERICSSONadr b sek 10	$131,000	–	17,658	–	0.02%	–

Q4 2021

			Value		Shares		↓ Weighting
VIPS	Exit	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$0	–	-16,825	–	-0.03%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-1,338	–	-0.03%	–
PAG	Exit	PENSKE AUTOMOTIVE GRP INC	$0	–	-2,780	–	-0.04%	–
SHG	Exit	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$0	–	-10,770	–	-0.05%	–
WIT	Exit	WIPRO LTDspon adr 1 sh	$0	–	-50,467	–	-0.06%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-4,040	–	-0.07%	–
EWT	Exit	ISHARES INCmsci taiwan etf	$0	–	-7,980	–	-0.07%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-5,314	–	-0.12%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-8,511	–	-0.12%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-17,952	–	-0.13%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-20,229	–	-0.14%	–
MGA	Exit	MAGNA INTL INC	$0	–	-13,147	–	-0.14%	–
ZIM	Exit	ZIM INTEGRATED SHIPPING SERV	$0	–	-20,670	–	-0.15%	–
HMC	Exit	HONDA MOTOR LTD	$0	–	-36,693	–	-0.16%	–
CIEN	Exit	CIENA CORP	$0	–	-23,237	–	-0.18%	–
BC	Exit	BRUNSWICK CORP	$0	–	-12,780	–	-0.18%	–
UMC	Exit	UNITED MICROELECTRONICS CORPspon adr new	$0	–	-106,752	–	-0.18%	–
MCFE	Exit	MCAFEE CORP	$0	–	-59,420	–	-0.19%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-18,847	–	-0.19%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-11,840	–	-0.19%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-7,325	–	-0.20%	–
HLF	Exit	HERBALIFE NUTRITION LTD	$0	–	-35,740	–	-0.22%	–
CG	Exit	CARLYLE GROUP INC	$0	–	-33,373	–	-0.23%	–
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-142,757	–	-0.23%	–
SONY	Exit	SONY GROUP CORPORATIONsponsored adr	$0	–	-14,652	–	-0.24%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-245,495	–	-0.24%	–
WF	Exit	WOORI FINL GROUP INCsponsored ads	$0	–	-55,941	–	-0.24%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-73,184	–	-0.24%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-27,076	–	-0.24%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-306,585	–	-0.24%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-30,677	–	-0.25%	–
GMAB	Exit	GENMAB A/Ssponsored ads	$0	–	-39,515	–	-0.25%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-21,151	–	-0.25%	–
BPOP	Exit	POPULAR INC	$0	–	-22,297	–	-0.25%	–
DOV	Exit	DOVER CORP	$0	–	-11,782	–	-0.27%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-53,558	–	-0.29%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-65,373	–	-0.29%	–
GIS	Exit	GENERAL MLS INC	$0	–	-32,930	–	-0.29%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-5,051	–	-0.29%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-43,042	–	-0.30%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-10,790	–	-0.30%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-28,257	–	-0.31%	–
CACI	Exit	CACI INTL INCcl a	$0	–	-8,044	–	-0.31%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-209,235	–	-0.32%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-6,419	–	-0.32%	–
TKR	Exit	TIMKEN CO	$0	–	-34,205	–	-0.33%	–
NRG	Exit	NRG ENERGY INC	$0	–	-56,278	–	-0.34%	–
JHG	Exit	JANUS HENDERSON GROUP PLC	$0	–	-57,424	–	-0.35%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-6,172	–	-0.36%	–
BHP	Exit	BHP GROUP LTDsponsored ads	$0	–	-46,779	–	-0.37%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-59,417	–	-0.37%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-27,553	–	-0.38%	–
LOW	Exit	LOWES COS INC	$0	–	-12,870	–	-0.38%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-60,089	–	-0.39%	–
CSTM	Exit	CONSTELLIUM SE	$0	–	-149,490	–	-0.41%	–
DIS	Exit	DISNEY WALT CO	$0	–	-17,053	–	-0.42%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-5,068	–	-0.43%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-30,899	–	-0.43%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-20,379	–	-0.44%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-23,883	–	-0.45%	–
PAYX	Exit	PAYCHEX INC	$0	–	-27,714	–	-0.46%	–
PFE	Exit	PFIZER INC	$0	–	-72,454	–	-0.46%	–
SPOT	Exit	SPOTIFY TECHNOLOGY S A	$0	–	-13,891	–	-0.46%	–
VRSN	Exit	VERISIGN INC	$0	–	-15,376	–	-0.46%	–
SAP	Exit	SAP SEspon adr	$0	–	-23,589	–	-0.47%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-5,295	–	-0.47%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-111,075	–	-0.48%	–
UNP	Exit	UNION PAC CORP	$0	–	-16,954	–	-0.49%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-13,704	–	-0.49%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-59,499	–	-0.49%	–
TX	Exit	TERNIUM SAsponsored ads	$0	–	-79,865	–	-0.50%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-62,527	–	-0.50%	–
QCOM	Exit	QUALCOMM INC	$0	–	-26,325	–	-0.50%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-21,914	–	-0.50%	–
HSY	Exit	HERSHEY CO	$0	–	-20,917	–	-0.52%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-22,345	–	-0.54%	–
EME	Exit	EMCOR GROUP INC	$0	–	-31,935	–	-0.54%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-11,717	–	-0.55%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-18,153	–	-0.55%	–
MCK	Exit	MCKESSON CORP	$0	–	-19,382	–	-0.57%	–
HUBB	Exit	HUBBELL INC	$0	–	-21,504	–	-0.57%	–
MCO	Exit	MOODYS CORP	$0	–	-11,099	–	-0.58%	–
CNHI	Exit	CNH INDL N V	$0	–	-239,658	–	-0.58%	–
ASML	Exit	ASML HOLDING N V	$0	–	-5,391	–	-0.59%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-20,445	–	-0.59%	–
ALL	Exit	ALLSTATE CORP	$0	–	-32,865	–	-0.61%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-15,455	–	-0.63%	–
ATH	Exit	ATHENE HOLDING LTDcl a	$0	–	-64,069	–	-0.65%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-123,182	–	-0.66%	–
AVTR	Exit	AVANTOR INC	$0	–	-122,857	–	-0.74%	–
RBC	Exit	REGAL BELOIT CORP	$0	–	-33,627	–	-0.74%	–
RIO	Exit	RIO TINTO PLCsponsored adr	$0	–	-75,981	–	-0.74%	–
CE	Exit	CELANESE CORP DEL	$0	–	-34,829	–	-0.77%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-15,153	–	-0.80%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-28,850	–	-0.81%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-32,269	–	-0.82%	–
HD	Exit	HOME DEPOT INC	$0	–	-17,141	–	-0.82%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-17,190	–	-0.88%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-218,769	–	-0.88%	–
CSCO	Exit	CISCO SYS INC	$0	–	-113,981	–	-0.91%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-19,566	–	-0.92%	–
AMGN	Exit	AMGEN INC	$0	–	-30,381	–	-0.95%	–
MMM	Exit	3M CO	$0	–	-38,141	–	-0.98%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-28,896	–	-0.98%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG PL	$0	–	-128,105	–	-1.03%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-57,511	–	-1.03%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-121,407	–	-1.05%	–
ORCL	Exit	ORACLE CORP	$0	–	-82,894	–	-1.06%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-70,687	–	-1.08%	–
MTD	Exit	METTLER TOLEDO INTERNATIONAL	$0	–	-5,388	–	-1.09%	–
KLAC	Exit	KLA CORP	$0	–	-22,962	–	-1.12%	–
DBX	Exit	DROPBOX INCcl a	$0	–	-263,185	–	-1.13%	–
ABBV	Exit	ABBVIE INC	$0	–	-71,383	–	-1.13%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-55,398	–	-1.13%	–
ACI	Exit	ALBERTSONS COS INC	$0	–	-277,728	–	-1.27%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-57,120	–	-1.27%	–
C	Exit	CITIGROUP INC	$0	–	-126,887	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-55,554	–	-1.31%	–
KB	Exit	KB FINL GROUP INCsponsored adr	$0	–	-197,946	–	-1.34%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-14,853	–	-1.35%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-270,759	–	-1.41%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-90,645	–	-1.44%	–
PLTK	Exit	PLAYTIKA HLDG CORP	$0	–	-368,497	–	-1.49%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-132,439	–	-1.53%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,255	–	-1.57%	–
SNA	Exit	SNAP ON INC	$0	–	-51,412	–	-1.57%	–
WMT	Exit	WALMART INC	$0	–	-77,123	–	-1.57%	–
LKQ	Exit	LKQ CORP	$0	–	-229,329	–	-1.69%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-71,300	–	-1.71%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-36,834	–	-1.83%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-31,529	–	-1.96%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-48,659	–	-1.99%	–
ICLR	Exit	ICON PLC	$0	–	-81,143	–	-3.11%	–
AAPL	Exit	APPLE INC	$0	–	-157,755	–	-3.27%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-212,826	–	-3.52%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-10,744	–	-4.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-106,075	–	-4.38%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$29,905,000	+35.9%	106,075	+30.6%	4.38%	+9.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$28,724,000	+64.0%	10,744	+49.8%	4.21%	+32.2%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$24,058,000	-2.8%	212,826	-0.1%	3.52%	-21.6%
AAPL	Buy	APPLE INC	$22,322,000	+35.2%	157,755	+30.9%	3.27%	+9.0%
ICLR	Sell	ICON PLC	$21,261,000	+23.3%	81,143	-2.7%	3.11%	-0.6%
SHW	Buy	SHERWIN WILLIAMS CO	$13,611,000	+34.2%	48,659	+30.7%	1.99%	+8.1%
SPGI	Buy	S&P GLOBAL INC	$13,396,000	+36.0%	31,529	+31.3%	1.96%	+9.6%
FB	Buy	FACEBOOK INCcl a	$12,501,000	+75.8%	36,834	+80.2%	1.83%	+41.8%
JPM	Buy	JPMORGAN CHASE & CO	$11,671,000	+10.8%	71,300	+5.2%	1.71%	-10.7%
LKQ	Buy	LKQ CORP	$11,540,000	+203.8%	229,329	+197.1%	1.69%	+144.9%
WMT	Buy	WALMART INC	$10,749,000	+132.3%	77,123	+135.0%	1.57%	+87.4%
SNA	Buy	SNAP ON INC	$10,743,000	+275.4%	51,412	+301.4%	1.57%	+202.5%
AMZN	Sell	AMAZON COM INC	$10,693,000	-33.6%	3,255	-30.5%	1.57%	-46.5%
TSN	New	TYSON FOODS INCcl a	$10,455,000	–	132,439	–	1.53%	–
PLTK	Buy	PLAYTIKA HLDG CORP	$10,182,000	+23.1%	368,497	+6.2%	1.49%	-0.7%
WAL	Buy	WESTERN ALLIANCE BANCORP	$9,864,000	+53.7%	90,645	+31.1%	1.44%	+23.9%
IDXX	Buy	IDEXX LABS INC	$9,237,000	+28.9%	14,853	+30.9%	1.35%	+4.0%
KB	Sell	KB FINL GROUP INCsponsored adr	$9,187,000	-6.2%	197,946	-0.3%	1.34%	-24.4%
JNJ	Buy	JOHNSON & JOHNSON	$8,972,000	+221.6%	55,554	+228.0%	1.31%	+159.2%
C	Buy	CITIGROUP INC	$8,905,000	+28.5%	126,887	+29.5%	1.30%	+3.6%
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$8,650,000	+44.9%	57,120	+30.9%	1.27%	+16.9%
ACI	Sell	ALBERTSONS COS INC	$8,646,000	+44.2%	277,728	-8.9%	1.27%	+16.3%
PG	New	PROCTER AND GAMBLE CO	$7,745,000	–	55,398	–	1.13%	–
ABBV	Buy	ABBVIE INC	$7,700,000	+25.3%	71,383	+30.9%	1.13%	+1.1%
DBX	Buy	DROPBOX INCcl a	$7,690,000	+26.2%	263,185	+30.9%	1.13%	+1.7%
KLAC	Buy	KLA CORP	$7,681,000	+34.6%	22,962	+30.5%	1.12%	+8.6%
MTD	Buy	METTLER TOLEDO INTERNATIONAL	$7,421,000	+29.9%	5,388	+30.7%	1.09%	+4.8%
AKAM	Buy	AKAMAI TECHNOLOGIES INC	$7,393,000	+17.5%	70,687	+31.0%	1.08%	-5.2%
ORCL	Buy	ORACLE CORP	$7,223,000	+12.7%	82,894	+0.7%	1.06%	-9.1%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$7,184,000	+132.8%	121,407	+162.9%	1.05%	+87.9%
AZPN	New	ASPEN TECHNOLOGY INC	$7,062,000	–	57,511	–	1.03%	–
ST	Buy	SENSATA TECHNOLOGIES HLDG PL	$7,010,000	-5.1%	128,105	+0.5%	1.03%	-23.5%
MSI	Buy	MOTOROLA SOLUTIONS INC	$6,713,000	+40.2%	28,896	+30.8%	0.98%	+13.0%
MMM	Buy	3M CO	$6,691,000	+15.5%	38,141	+30.8%	0.98%	-6.8%
AMGN	Buy	AMGEN INC	$6,461,000	+14.2%	30,381	+30.9%	0.95%	-7.9%
ACN	Buy	ACCENTURE PLC IRELAND	$6,260,000	+42.1%	19,566	+30.9%	0.92%	+14.6%
CSCO	Buy	CISCO SYS INC	$6,204,000	+34.4%	113,981	+30.9%	0.91%	+8.4%
NOMD	Sell	NOMAD FOODS LTD	$6,029,000	-2.7%	218,769	-0.1%	0.88%	-21.5%
MA	Buy	MASTERCARD INCORPORATEDcl a	$5,977,000	+23.8%	17,190	+30.0%	0.88%	-0.2%
HD	New	HOME DEPOT INC	$5,627,000	–	17,141	–	0.82%	–
AYI	Buy	ACUITY BRANDS INC	$5,594,000	+21.1%	32,269	+30.7%	0.82%	-2.4%
TXN	Buy	TEXAS INSTRS INC	$5,545,000	+30.7%	28,850	+30.8%	0.81%	+5.5%
DECK	Buy	DECKERS OUTDOOR CORP	$5,458,000	+23.2%	15,153	+31.4%	0.80%	-0.7%
CE	Buy	CELANESE CORP DEL	$5,247,000	+156.0%	34,829	+157.5%	0.77%	+106.5%
RIO	Buy	RIO TINTO PLCsponsored adr	$5,077,000	-3.8%	75,981	+20.8%	0.74%	-22.4%
RBC	Buy	REGAL BELOIT CORP	$5,055,000	+47.2%	33,627	+30.7%	0.74%	+18.6%
AVTR	Buy	AVANTOR INC	$5,025,000	+50.0%	122,857	+30.2%	0.74%	+21.1%
IPG	Buy	INTERPUBLIC GROUP COS INC	$4,517,000	+47.5%	123,182	+30.7%	0.66%	+18.9%
ATH	New	ATHENE HOLDING LTDcl a	$4,412,000	–	64,069	–	0.65%	–
PH	Buy	PARKER-HANNIFIN CORP	$4,322,000	+18.3%	15,455	+30.0%	0.63%	-4.5%
ALL	Buy	ALLSTATE CORP	$4,184,000	+27.7%	32,865	+30.8%	0.61%	+3.0%
TROW	Buy	PRICE T ROWE GROUP INC	$4,022,000	+30.7%	20,445	+31.5%	0.59%	+5.4%
ASML	Sell	ASML HOLDING N V	$4,017,000	+7.6%	5,391	-0.2%	0.59%	-13.3%
CNHI	Buy	CNH INDL N V	$3,981,000	+212.7%	239,658	+214.7%	0.58%	+152.4%
MCO	Buy	MOODYS CORP	$3,941,000	+27.9%	11,099	+30.5%	0.58%	+3.0%
HUBB	Buy	HUBBELL INC	$3,885,000	+26.6%	21,504	+31.0%	0.57%	+2.2%
MCK	Buy	MCKESSON CORP	$3,864,000	+37.7%	19,382	+32.1%	0.57%	+11.0%
ESS	Buy	ESSEX PPTY TR INC	$3,746,000	+38.2%	11,717	+29.6%	0.55%	+11.6%
ITW	Buy	ILLINOIS TOOL WKS INC	$3,751,000	+21.0%	18,153	+30.9%	0.55%	-2.5%
EME	Buy	EMCOR GROUP INC	$3,685,000	+20.6%	31,935	+28.7%	0.54%	-2.7%
KEYS	Buy	KEYSIGHT TECHNOLOGIES INC	$3,671,000	+37.9%	22,345	+29.6%	0.54%	+11.4%
HSY	New	HERSHEY CO	$3,540,000	–	20,917	–	0.52%	–
A	Buy	AGILENT TECHNOLOGIES INC	$3,452,000	+37.7%	21,914	+29.3%	0.50%	+11.0%
QCOM	Buy	QUALCOMM INC	$3,395,000	+19.2%	26,325	+32.1%	0.50%	-3.9%
UL	Buy	UNILEVER PLCspon adr new	$3,390,000	+5.7%	62,527	+14.1%	0.50%	-14.8%
TX	Buy	TERNIUM SAsponsored ads	$3,378,000	+28.7%	79,865	+17.0%	0.50%	+3.8%
IP	Buy	INTERNATIONAL PAPER CO	$3,327,000	+17.7%	59,499	+29.0%	0.49%	-5.1%
UNP	Buy	UNION PAC CORP	$3,323,000	+15.3%	16,954	+29.4%	0.49%	-6.9%
HCA	Buy	HCA HEALTHCARE INC	$3,326,000	+51.4%	13,704	+29.0%	0.49%	+22.1%
SLB	New	SCHLUMBERGER LTD	$3,292,000	–	111,075	–	0.48%	–
REGN	Buy	REGENERON PHARMACEUTICALS	$3,204,000	+42.3%	5,295	+31.3%	0.47%	+14.7%
SAP	Buy	SAP SEspon adr	$3,185,000	+31.9%	23,589	+37.2%	0.47%	+6.2%
VRSN	Buy	VERISIGN INC	$3,152,000	+16.3%	15,376	+29.1%	0.46%	-6.1%
SPOT	Sell	SPOTIFY TECHNOLOGY S A	$3,130,000	-21.5%	13,891	-4.0%	0.46%	-36.7%
PAYX	Buy	PAYCHEX INC	$3,116,000	+34.5%	27,714	+28.4%	0.46%	+8.3%
PFE	Buy	PFIZER INC	$3,116,000	+41.8%	72,454	+29.1%	0.46%	+14.3%
AMAT	Buy	APPLIED MATLS INC	$3,074,000	+15.7%	23,883	+28.1%	0.45%	-6.6%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$3,018,000	+39.6%	20,379	+28.7%	0.44%	+12.5%
IX	Sell	ORIX CORPsponsored adr	$2,921,000	+11.4%	30,899	-0.2%	0.43%	-10.1%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$2,918,000	+26.8%	5,068	+29.0%	0.43%	+2.2%
DIS	Sell	DISNEY WALT CO	$2,885,000	-18.9%	17,053	-15.7%	0.42%	-34.7%
CSTM	New	CONSTELLIUM SE	$2,807,000	–	149,490	–	0.41%	–
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$2,678,000	+10.0%	60,089	-0.3%	0.39%	-11.3%
LOW	Buy	LOWES COS INC	$2,611,000	+44.6%	12,870	+38.2%	0.38%	+16.5%
EMR	Buy	EMERSON ELEC CO	$2,595,000	+26.2%	27,553	+29.0%	0.38%	+1.9%
BAC	Buy	BK OF AMERICA CORP	$2,522,000	+32.2%	59,417	+28.4%	0.37%	+6.3%
BHP	Sell	BHP GROUP LTDsponsored ads	$2,504,000	-26.7%	46,779	-0.2%	0.37%	-40.8%
FICO	Buy	FAIR ISAAC CORP	$2,456,000	+114.9%	6,172	+171.4%	0.36%	+73.1%
JHG	Buy	JANUS HENDERSON GROUP PLC	$2,373,000	+36.5%	57,424	+28.2%	0.35%	+9.8%
NRG	New	NRG ENERGY INC	$2,298,000	–	56,278	–	0.34%	–
TKR	Buy	TIMKEN CO	$2,238,000	+1.5%	34,205	+25.0%	0.33%	-18.0%
LMT	Buy	LOCKHEED MARTIN CORP	$2,215,000	-8.4%	6,419	+0.5%	0.32%	-26.2%
BCS	Sell	BARCLAYS PLCadr	$2,159,000	+6.7%	209,235	-0.2%	0.32%	-14.1%
CACI	Buy	CACI INTL INCcl a	$2,108,000	+31.2%	8,044	+27.7%	0.31%	+5.8%
SCZ	Buy	ISHARES TReafe sml cp etf	$2,103,000	+23.4%	28,257	+23.0%	0.31%	-0.3%
DEO	New	DIAGEO PLCspon adr new	$2,082,000	–	10,790	–	0.30%	–
SNY	Sell	SANOFIsponsored adr	$2,075,000	-8.8%	43,042	-0.3%	0.30%	-26.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,974,000	+24.9%	5,051	+27.9%	0.29%	+0.7%
GIS	Buy	GENERAL MLS INC	$1,970,000	+25.4%	32,930	+27.7%	0.29%	+1.1%
OHI	Buy	OMEGA HEALTHCARE INVS INC	$1,959,000	+4.6%	65,373	+26.7%	0.29%	-15.6%
GIL	Buy	GILDAN ACTIVEWEAR INC	$1,955,000	+82.2%	53,558	+84.4%	0.29%	+46.7%
DOV	Buy	DOVER CORP	$1,832,000	+28.6%	11,782	+24.5%	0.27%	+3.5%
BPOP	Buy	POPULAR INC	$1,732,000	+4.0%	22,297	+0.5%	0.25%	-15.9%
NVS	Sell	NOVARTIS AGsponsored adr	$1,730,000	-10.6%	21,151	-0.3%	0.25%	-27.9%
GMAB	Sell	GENMAB A/Ssponsored ads	$1,727,000	+6.7%	39,515	-0.3%	0.25%	-13.9%
SEE	Buy	SEALED AIR CORP NEW	$1,681,000	+17.7%	30,677	+27.3%	0.25%	-5.0%
NOK	New	NOKIA CORPsponsored adr	$1,671,000	–	306,585	–	0.24%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,626,000	–	27,076	–	0.24%	–
WF	Buy	WOORI FINL GROUP INCsponsored ads	$1,617,000	+594.0%	55,941	+626.5%	0.24%	+464.3%
SONY	Sell	SONY GROUP CORPORATIONsponsored adr	$1,620,000	-27.2%	14,652	-36.0%	0.24%	-41.3%
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$1,618,000	–	245,495	–	0.24%	–
ERIC	Sell	ERICSSONadr b sek 10	$1,599,000	-11.2%	142,757	-0.3%	0.23%	-28.4%
CG	New	CARLYLE GROUP INC	$1,578,000	–	33,373	–	0.23%	–
HLF	Buy	HERBALIFE NUTRITION LTD	$1,515,000	+1.7%	35,740	+26.5%	0.22%	-17.8%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$1,329,000	+13.8%	7,325	+26.4%	0.20%	-8.0%
CM	Sell	CANADIAN IMP BK COMM	$1,318,000	-2.5%	11,840	-0.3%	0.19%	-21.5%
MCFE	New	MCAFEE CORP	$1,314,000	–	59,420	–	0.19%	–
SSNC	Buy	SS&C TECHNOLOGIES HLDGS INC	$1,308,000	+22.4%	18,847	+27.0%	0.19%	-1.0%
UMC	Sell	UNITED MICROELECTRONICS CORPspon adr new	$1,220,000	-28.2%	106,752	-40.7%	0.18%	-42.1%
BC	Buy	BRUNSWICK CORP	$1,218,000	+21.7%	12,780	+27.2%	0.18%	-2.2%
CIEN	Buy	CIENA CORP	$1,193,000	+14.6%	23,237	+26.9%	0.18%	-7.4%
HMC	Sell	HONDA MOTOR LTD	$1,125,000	-65.7%	36,693	-64.0%	0.16%	-72.3%
ZIM	New	ZIM INTEGRATED SHIPPING SERV	$1,048,000	–	20,670	–	0.15%	–
MGA	Sell	MAGNA INTL INC	$989,000	-18.9%	13,147	-0.1%	0.14%	-34.4%
OTEX	New	OPEN TEXT CORP	$986,000	–	20,229	–	0.14%	–
TTE	Sell	TOTALENERGIES SEsponsored ads	$860,000	+5.7%	17,952	-0.1%	0.13%	-14.9%
NVO	Sell	NOVO-NORDISK A Sadr	$817,000	-47.2%	8,511	-53.9%	0.12%	-57.3%
EWT	Buy	ISHARES INCmsci taiwan etf	$495,000	+50.0%	7,980	+54.7%	0.07%	+20.0%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$451,000	-38.6%	4,040	-34.0%	0.07%	-50.4%
ATHM	Exit	AUTOHOME INCsp ads rp cl a	$0	–	-3,250	–	-0.04%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-7,369	–	-0.05%	–
YETI	Exit	YETI HLDGS INC	$0	–	-2,856	–	-0.05%	–
NTES	Exit	NETEASE INCsponsored ads	$0	–	-5,737	–	-0.12%	–
DHT	Exit	DHT HOLDINGS INC	$0	–	-163,137	–	-0.19%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-4,907	–	-0.26%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-39,310	–	-0.28%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-32,384	–	-0.30%	–
LOGI	Exit	LOGITECH INTL S A	$0	–	-14,588	–	-0.32%	–
TAK	Exit	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$0	–	-115,814	–	-0.35%	–
AVGO	Exit	BROADCOM INC	$0	–	-4,469	–	-0.39%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-27,460	–	-0.40%	–
GNTX	Exit	GENTEX CORP	$0	–	-79,124	–	-0.48%	–
TPL	Exit	TEXAS PACIFIC LAND CORPORATI	$0	–	-1,647	–	-0.48%	–
V	Exit	VISA INC	$0	–	-11,697	–	-0.50%	–
GSL	Exit	GLOBAL SHIP LEASE INC NEW	$0	–	-141,350	–	-0.50%	–
HRC	Exit	HILL-ROM HLDGS INC	$0	–	-25,066	–	-0.52%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-28,223	–	-0.54%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-16,401	–	-0.56%	–
MRK	Exit	MERCK & CO INC	$0	–	-40,707	–	-0.58%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-23,300	–	-0.85%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-9,661	–	-0.88%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-39,001	–	-1.02%	–
POOL	Exit	POOL CORP	$0	–	-17,266	–	-1.44%	–

Q2 2021

			Value		Shares		↓ Weighting
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$24,749,000	–	213,114	–	4.50%	–
MSFT	New	MICROSOFT CORP	$22,007,000	–	81,235	–	4.00%	–
GOOGL	New	ALPHABET INCcap stk cl a	$17,517,000	–	7,174	–	3.18%	–
ICLR	New	ICON PLC	$17,247,000	–	83,437	–	3.13%	–
AAPL	New	APPLE INC	$16,508,000	–	120,533	–	3.00%	–
AMZN	New	AMAZON COM INC	$16,110,000	–	4,683	–	2.93%	–
JPM	New	JPMORGAN CHASE & CO	$10,538,000	–	67,748	–	1.91%	–
SHW	New	SHERWIN WILLIAMS CO	$10,145,000	–	37,236	–	1.84%	–
SPGI	New	S&P GLOBAL INC	$9,853,000	–	24,006	–	1.79%	–
KB	New	KB FINL GROUP INCsponsored adr	$9,791,000	–	198,600	–	1.78%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$9,598,000	–	270,759	–	1.74%	–
PLTK	New	PLAYTIKA HLDG CORP	$8,268,000	–	346,824	–	1.50%	–
POOL	New	POOL CORP	$7,919,000	–	17,266	–	1.44%	–
ST	New	SENSATA TECHNOLOGIES HLDG PL	$7,387,000	–	127,427	–	1.34%	–
IDXX	New	IDEXX LABS INC	$7,164,000	–	11,343	–	1.30%	–
FB	New	FACEBOOK INCcl a	$7,109,000	–	20,444	–	1.29%	–
C	New	CITIGROUP INC	$6,930,000	–	97,949	–	1.26%	–
WAL	New	WESTERN ALLIANCE BANCORP	$6,417,000	–	69,116	–	1.16%	–
ORCL	New	ORACLE CORP	$6,410,000	–	82,346	–	1.16%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$6,294,000	–	53,978	–	1.14%	–
NOMD	New	NOMAD FOODS LTD	$6,194,000	–	219,096	–	1.12%	–
ABBV	New	ABBVIE INC	$6,144,000	–	54,544	–	1.12%	–
DBX	New	DROPBOX INCcl a	$6,093,000	–	201,034	–	1.11%	–
ACI	New	ALBERTSONS COS INC	$5,997,000	–	305,015	–	1.09%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$5,969,000	–	43,625	–	1.08%	–
MMM	New	3M CO	$5,792,000	–	29,162	–	1.05%	–
MTD	New	METTLER TOLEDO INTERNATIONAL	$5,712,000	–	4,123	–	1.04%	–
KLAC	New	KLA CORP	$5,705,000	–	17,597	–	1.04%	–
AMGN	New	AMGEN INC	$5,656,000	–	23,206	–	1.03%	–
EA	New	ELECTRONIC ARTS INC	$5,610,000	–	39,001	–	1.02%	–
RIO	New	RIO TINTO PLCsponsored adr	$5,277,000	–	62,900	–	0.96%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,874,000	–	9,661	–	0.88%	–
MA	New	MASTERCARD INCORPORATEDcl a	$4,826,000	–	13,220	–	0.88%	–
MSI	New	MOTOROLA SOLUTIONS INC	$4,789,000	–	22,084	–	0.87%	–
NVDA	New	NVIDIA CORPORATION	$4,661,000	–	23,300	–	0.85%	–
WMT	New	WALMART INC	$4,627,000	–	32,812	–	0.84%	–
AYI	New	ACUITY BRANDS INC	$4,618,000	–	24,691	–	0.84%	–
CSCO	New	CISCO SYS INC	$4,616,000	–	87,085	–	0.84%	–
DECK	New	DECKERS OUTDOOR CORP	$4,430,000	–	11,535	–	0.80%	–
ACN	New	ACCENTURE PLC IRELAND	$4,405,000	–	14,942	–	0.80%	–
TXN	New	TEXAS INSTRS INC	$4,241,000	–	22,052	–	0.77%	–
SPOT	New	SPOTIFY TECHNOLOGY S A	$3,986,000	–	14,465	–	0.72%	–
LKQ	New	LKQ CORP	$3,799,000	–	77,191	–	0.69%	–
ASML	New	ASML HOLDING N V	$3,733,000	–	5,404	–	0.68%	–
PH	New	PARKER-HANNIFIN CORP	$3,652,000	–	11,890	–	0.66%	–
DIS	New	DISNEY WALT CO	$3,556,000	–	20,230	–	0.65%	–
RBC	New	REGAL BELOIT CORP	$3,435,000	–	25,725	–	0.62%	–
BHP	New	BHP GROUP LTDsponsored ads	$3,414,000	–	46,879	–	0.62%	–
AVTR	New	AVANTOR INC	$3,350,000	–	94,343	–	0.61%	–
HMC	New	HONDA MOTOR LTD	$3,276,000	–	101,802	–	0.60%	–
ALL	New	ALLSTATE CORP	$3,277,000	–	25,121	–	0.60%	–
UL	New	UNILEVER PLCspon adr new	$3,206,000	–	54,805	–	0.58%	–
MRK	New	MERCK & CO INC	$3,166,000	–	40,707	–	0.58%	–
ITW	New	ILLINOIS TOOL WKS INC	$3,101,000	–	13,869	–	0.56%	–
MCO	New	MOODYS CORP	$3,081,000	–	8,503	–	0.56%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,086,000	–	46,186	–	0.56%	–
TROW	New	PRICE T ROWE GROUP INC	$3,078,000	–	15,546	–	0.56%	–
HUBB	New	HUBBELL INC	$3,068,000	–	16,419	–	0.56%	–
FFIV	New	F5 NETWORKS INC	$3,061,000	–	16,401	–	0.56%	–
IPG	New	INTERPUBLIC GROUP COS INC	$3,062,000	–	94,241	–	0.56%	–
EME	New	EMCOR GROUP INC	$3,056,000	–	24,807	–	0.56%	–
CVX	New	CHEVRON CORP NEW	$2,956,000	–	28,223	–	0.54%	–
UNP	New	UNION PAC CORP	$2,882,000	–	13,105	–	0.52%	–
SNA	New	SNAP ON INC	$2,862,000	–	12,808	–	0.52%	–
QCOM	New	QUALCOMM INC	$2,848,000	–	19,926	–	0.52%	–
HRC	New	HILL-ROM HLDGS INC	$2,847,000	–	25,066	–	0.52%	–
IP	New	INTERNATIONAL PAPER CO	$2,827,000	–	46,117	–	0.51%	–
MCK	New	MCKESSON CORP	$2,806,000	–	14,674	–	0.51%	–
JNJ	New	JOHNSON & JOHNSON	$2,790,000	–	16,937	–	0.51%	–
GSL	New	GLOBAL SHIP LEASE INC NEW	$2,766,000	–	141,350	–	0.50%	–
V	New	VISA INC	$2,735,000	–	11,697	–	0.50%	–
VRSN	New	VERISIGN INC	$2,711,000	–	11,907	–	0.49%	–
ESS	New	ESSEX PPTY TR INC	$2,711,000	–	9,038	–	0.49%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$2,662,000	–	17,243	–	0.48%	–
AMAT	New	APPLIED MATLS INC	$2,656,000	–	18,649	–	0.48%	–
TPL	New	TEXAS PACIFIC LAND CORPORATI	$2,635,000	–	1,647	–	0.48%	–
TX	New	TERNIUM SAsponsored ads	$2,625,000	–	68,254	–	0.48%	–
IX	New	ORIX CORPsponsored adr	$2,622,000	–	30,972	–	0.48%	–
GNTX	New	GENTEX CORP	$2,618,000	–	79,124	–	0.48%	–
A	New	AGILENT TECHNOLOGIES INC	$2,506,000	–	16,951	–	0.46%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$2,434,000	–	60,254	–	0.44%	–
LMT	New	LOCKHEED MARTIN CORP	$2,417,000	–	6,389	–	0.44%	–
SAP	New	SAP SEspon adr	$2,415,000	–	17,197	–	0.44%	–
PAYX	New	PAYCHEX INC	$2,316,000	–	21,582	–	0.42%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$2,302,000	–	3,930	–	0.42%	–
SNY	New	SANOFIsponsored adr	$2,274,000	–	43,178	–	0.41%	–
REGN	New	REGENERON PHARMACEUTICALS	$2,252,000	–	4,032	–	0.41%	–
SONY	New	SONY GROUP CORPORATIONsponsored adr	$2,225,000	–	22,887	–	0.40%	–
TKR	New	TIMKEN CO	$2,205,000	–	27,359	–	0.40%	–
PFE	New	PFIZER INC	$2,197,000	–	56,106	–	0.40%	–
HCA	New	HCA HEALTHCARE INC	$2,197,000	–	10,627	–	0.40%	–
OMC	New	OMNICOM GROUP INC	$2,197,000	–	27,460	–	0.40%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$2,162,000	–	15,837	–	0.39%	–
AVGO	New	BROADCOM INC	$2,131,000	–	4,469	–	0.39%	–
EMR	New	EMERSON ELEC CO	$2,056,000	–	21,363	–	0.37%	–
CE	New	CELANESE CORP DEL	$2,050,000	–	13,525	–	0.37%	–
BCS	New	BARCLAYS PLCadr	$2,024,000	–	209,758	–	0.37%	–
TAK	New	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$1,949,000	–	115,814	–	0.35%	–
NVS	New	NOVARTIS AGsponsored adr	$1,935,000	–	21,210	–	0.35%	–
BAC	New	BK OF AMERICA CORP	$1,908,000	–	46,273	–	0.35%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$1,873,000	–	51,605	–	0.34%	–
LOW	New	LOWES COS INC	$1,806,000	–	9,312	–	0.33%	–
ERIC	New	ERICSSONadr b sek 10	$1,801,000	–	143,174	–	0.33%	–
LOGI	New	LOGITECH INTL S A	$1,764,000	–	14,588	–	0.32%	–
JHG	New	JANUS HENDERSON GROUP PLC	$1,739,000	–	44,799	–	0.32%	–
UMC	New	UNITED MICROELECTRONICS CORPspon adr new	$1,700,000	–	179,902	–	0.31%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,704,000	–	22,981	–	0.31%	–
SLF	New	SUN LIFE FINANCIAL INC.	$1,669,000	–	32,384	–	0.30%	–
BPOP	New	POPULAR INC	$1,665,000	–	22,180	–	0.30%	–
GMAB	New	GENMAB A/Ssponsored ads	$1,619,000	–	39,643	–	0.29%	–
CACI	New	CACI INTL INCcl a	$1,607,000	–	6,298	–	0.29%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,581,000	–	3,949	–	0.29%	–
GIS	New	GENERAL MLS INC	$1,571,000	–	25,783	–	0.28%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$1,565,000	–	39,310	–	0.28%	–
INFY	New	INFOSYS LTDsponsored adr	$1,551,000	–	73,184	–	0.28%	–
NVO	New	NOVO-NORDISK A Sadr	$1,547,000	–	18,469	–	0.28%	–
HLF	New	HERBALIFE NUTRITION LTD	$1,489,000	–	28,243	–	0.27%	–
PYPL	New	PAYPAL HLDGS INC	$1,430,000	–	4,907	–	0.26%	–
DOV	New	DOVER CORP	$1,425,000	–	9,462	–	0.26%	–
SEE	New	SEALED AIR CORP NEW	$1,428,000	–	24,103	–	0.26%	–
CM	New	CANADIAN IMP BK COMM	$1,352,000	–	11,874	–	0.25%	–
CNHI	New	CNH INDL N V	$1,273,000	–	76,162	–	0.23%	–
MGA	New	MAGNA INTL INC	$1,219,000	–	13,155	–	0.22%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,205,000	–	5,314	–	0.22%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,168,000	–	5,793	–	0.21%	–
FICO	New	FAIR ISAAC CORP	$1,143,000	–	2,274	–	0.21%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,073,000	–	29,052	–	0.20%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$1,069,000	–	14,841	–	0.19%	–
DHT	New	DHT HOLDINGS INC	$1,059,000	–	163,137	–	0.19%	–
CIEN	New	CIENA CORP	$1,041,000	–	18,307	–	0.19%	–
BC	New	BRUNSWICK CORP	$1,001,000	–	10,051	–	0.18%	–
TTE	New	TOTALENERGIES SEsponsored ads	$814,000	–	17,975	–	0.15%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$735,000	–	6,120	–	0.13%	–
NTES	New	NETEASE INCsponsored ads	$661,000	–	5,737	–	0.12%	–
WIT	New	WIPRO LTDspon adr 1 sh	$394,000	–	50,467	–	0.07%	–
SHG	New	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$386,000	–	10,770	–	0.07%	–
VIPS	New	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$338,000	–	16,825	–	0.06%	–
EWT	New	ISHARES INCmsci taiwan etf	$330,000	–	5,160	–	0.06%	–
BIDU	New	BAIDU INCspon adr rep a	$273,000	–	1,338	–	0.05%	–
YETI	New	YETI HLDGS INC	$262,000	–	2,856	–	0.05%	–
WY	New	WEYERHAEUSER CO MTN BE	$254,000	–	7,369	–	0.05%	–
WF	New	WOORI FINL GROUP INCsponsored ads	$233,000	–	7,700	–	0.04%	–
ATHM	New	AUTOHOME INCsp ads rp cl a	$208,000	–	3,250	–	0.04%	–
PAG	New	PENSKE AUTOMOTIVE GRP INC	$210,000	–	2,780	–	0.04%	–

Q4 2020

			Value		Shares		↓ Weighting
SLB	Exit	SCHLUMBERGER LTD	$0	–	-12,933	–	-0.04%	–
SHG	Exit	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$0	–	-9,000	–	-0.04%	–
CSX	Exit	CSX CORP	$0	–	-2,710	–	-0.04%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-1,091	–	-0.04%	–
MNST	Exit	MONSTER BEVERAGE CORP NEW	$0	–	-2,840	–	-0.04%	–
CMI	Exit	CUMMINS INC	$0	–	-1,115	–	-0.04%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-1,074	–	-0.04%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-2,523	–	-0.05%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-772	–	-0.05%	–
BIIB	Exit	BIOGEN INC	$0	–	-913	–	-0.05%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,901	–	-0.06%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-703	–	-0.06%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-4,080	–	-0.06%	–
BBY	Exit	BEST BUY INC	$0	–	-3,028	–	-0.06%	–
EC	Exit	ECOPETROL S Asponsored ads	$0	–	-35,570	–	-0.07%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-4,690	–	-0.07%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-66,374	–	-0.09%	–
GIS	Exit	GENERAL MLS INC	$0	–	-8,029	–	-0.09%	–
TX	Exit	TERNIUM SAsponsored ads	$0	–	-28,227	–	-0.10%	–
MGA	Exit	MAGNA INTL INC	$0	–	-11,929	–	-0.10%	–
TTE	Exit	TOTAL SEsponsored ads	$0	–	-16,303	–	-0.10%	–
NMR	Exit	NOMURA HLDGS INCsponsored adr	$0	–	-144,536	–	-0.12%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-4,807	–	-0.13%	–
UMC	Exit	UNITED MICROELECTRONICS CORPspon adr new	$0	–	-142,000	–	-0.13%	–
EWT	Exit	ISHARES INCmsci taiwan etf	$0	–	-15,420	–	-0.13%	–
CIEN	Exit	CIENA CORP	$0	–	-18,390	–	-0.14%	–
TRU	Exit	TRANSUNION	$0	–	-9,885	–	-0.16%	–
SAP	Exit	SAP SEspon adr	$0	–	-5,419	–	-0.16%	–
CW	Exit	CURTISS WRIGHT CORP	$0	–	-9,180	–	-0.16%	–
STMP	Exit	STAMPS COM INC	$0	–	-3,761	–	-0.17%	–
BOX	Exit	BOX INCcl a	$0	–	-52,423	–	-0.17%	–
BHP	Exit	BHP GROUP LTDsponsored ads	$0	–	-18,675	–	-0.18%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-16,599	–	-0.18%	–
HMC	Exit	HONDA MOTOR LTD	$0	–	-42,040	–	-0.19%	–
PFSI	Exit	PENNYMAC FINL SVCS INC NEW	$0	–	-17,583	–	-0.19%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,841	–	-0.19%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-129,959	–	-0.20%	–
SAIC	Exit	SCIENCE APPLICATIONS INTL CO	$0	–	-14,284	–	-0.21%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-2,360	–	-0.22%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-46,877	–	-0.22%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-7,757	–	-0.22%	–
TPL	Exit	TEXAS PAC LD TRsub ctf prop i t	$0	–	-2,711	–	-0.23%	–
RBC	Exit	REGAL BELOIT CORP	$0	–	-13,039	–	-0.23%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-21,250	–	-0.24%	–
SPOT	Exit	SPOTIFY TECHNOLOGY S A	$0	–	-5,310	–	-0.24%	–
GMAB	Exit	GENMAB A/Ssponsored ads	$0	–	-35,963	–	-0.25%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-31,906	–	-0.25%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,930	–	-0.26%	–
ADT	Exit	ADT INC DEL	$0	–	-167,115	–	-0.26%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-27,295	–	-0.26%	–
VST	Exit	VISTRA CORP	$0	–	-73,137	–	-0.26%	–
QLYS	Exit	QUALYS INC	$0	–	-14,055	–	-0.26%	–
OFC	Exit	CORPORATE OFFICE PPTYS TRsh ben int	$0	–	-58,054	–	-0.26%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-21,400	–	-0.26%	–
HUBB	Exit	HUBBELL INC	$0	–	-10,350	–	-0.27%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-106,139	–	-0.28%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-23,662	–	-0.28%	–
FHI	Exit	FEDERATED HERMES INCcl b	$0	–	-69,012	–	-0.28%	–
PFE	Exit	PFIZER INC	$0	–	-41,501	–	-0.29%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-25,582	–	-0.29%	–
HDS	Exit	HD SUPPLY HLDGS INC	$0	–	-38,550	–	-0.30%	–
HOLX	Exit	HOLOGIC INC	$0	–	-24,158	–	-0.30%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-3,803	–	-0.30%	–
ELS	Exit	EQUITY LIFESTYLE PPTYS INC	$0	–	-26,481	–	-0.30%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-14,485	–	-0.31%	–
VRSN	Exit	VERISIGN INC	$0	–	-8,133	–	-0.31%	–
ABT	Exit	ABBOTT LABS	$0	–	-15,753	–	-0.32%	–
MET	Exit	METLIFE INC	$0	–	-47,486	–	-0.33%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-48,763	–	-0.34%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-36,509	–	-0.34%	–
LPLA	Exit	LPL FINL HLDGS INC	$0	–	-24,196	–	-0.35%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-6,944	–	-0.36%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-19,900	–	-0.37%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-114,807	–	-0.38%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-16,320	–	-0.38%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-53,364	–	-0.38%	–
CI	Exit	CIGNA CORP NEW	$0	–	-12,061	–	-0.38%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-94,342	–	-0.40%	–
RIO	Exit	RIO TINTO PLCsponsored adr	$0	–	-35,073	–	-0.40%	–
HBI	Exit	HANESBRANDS INC	$0	–	-140,229	–	-0.42%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-71,174	–	-0.42%	–
GNTX	Exit	GENTEX CORP	$0	–	-88,480	–	-0.43%	–
MCO	Exit	MOODYS CORP	$0	–	-8,911	–	-0.49%	–
DHT	Exit	DHT HOLDINGS INC	$0	–	-513,579	–	-0.50%	–
NEU	Exit	NEWMARKET CORP	$0	–	-7,741	–	-0.50%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-41,868	–	-0.50%	–
TTEK	Exit	TETRA TECH INC NEW	$0	–	-27,771	–	-0.50%	–
MTZ	Exit	MASTEC INC	$0	–	-67,966	–	-0.54%	–
V	Exit	VISA INC	$0	–	-14,529	–	-0.55%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-19,642	–	-0.55%	–
QCOM	Exit	QUALCOMM INC	$0	–	-25,018	–	-0.55%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-49,636	–	-0.58%	–
MTG	Exit	MGIC INVT CORP WIS	$0	–	-346,380	–	-0.58%	–
CE	Exit	CELANESE CORP DEL	$0	–	-30,071	–	-0.61%	–
KLAC	Exit	KLA CORP	$0	–	-18,033	–	-0.66%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-22,375	–	-0.66%	–
CSCO	Exit	CISCO SYS INC	$0	–	-89,830	–	-0.66%	–
ABBV	Exit	ABBVIE INC	$0	–	-41,346	–	-0.68%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-103,893	–	-0.69%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-28,554	–	-0.69%	–
RDY	Exit	DR REDDYS LABS LTDadr	$0	–	-52,790	–	-0.69%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-17,073	–	-0.71%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-40,510	–	-0.78%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-71,269	–	-0.80%	–
C	Exit	CITIGROUP INC	$0	–	-98,274	–	-0.80%	–
INTC	Exit	INTEL CORP	$0	–	-84,448	–	-0.82%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-56,934	–	-0.82%	–
ACI	Exit	ALBERTSONS COS INC	$0	–	-322,831	–	-0.84%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-51,751	–	-0.85%	–
ALL	Exit	ALLSTATE CORP	$0	–	-51,035	–	-0.90%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-33,564	–	-0.93%	–
T	Exit	AT&T INC	$0	–	-176,670	–	-0.95%	–
CZZ	Exit	COSAN LTD	$0	–	-342,986	–	-0.96%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPORATIcl a	$0	–	-20,670	–	-0.98%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-13,900	–	-1.00%	–
MRK	Exit	MERCK & CO. INC	$0	–	-65,077	–	-1.02%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-13,952	–	-1.03%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-52,497	–	-1.05%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-8,324	–	-1.09%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-45,694	–	-1.12%	–
POOL	Exit	POOL CORP	$0	–	-17,902	–	-1.13%	–
YUMC	Exit	YUM CHINA HLDGS INC	$0	–	-113,848	–	-1.13%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-20,751	–	-1.15%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-57,480	–	-1.20%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-290,103	–	-1.22%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-31,600	–	-1.25%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-25,628	–	-1.26%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-70,341	–	-1.27%	–
VIPS	Exit	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$0	–	-445,424	–	-1.31%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-290,344	–	-1.32%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-50,826	–	-1.32%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-49,073	–	-1.32%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-4,856	–	-1.34%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-93,863	–	-1.34%	–
CCEP	Exit	COCA COLA EUROPEAN PARTNERS	$0	–	-192,717	–	-1.41%	–
KB	Exit	KB FINL GROUP INCsponsored adr	$0	–	-243,073	–	-1.47%	–
EBAY	Exit	EBAY INC.	$0	–	-154,016	–	-1.51%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-70,004	–	-1.64%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-141,437	–	-1.69%	–
ORCL	Exit	ORACLE CORP	$0	–	-151,331	–	-1.70%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-26,557	–	-1.80%	–
ICLR	Exit	ICON PLC	$0	–	-50,398	–	-1.81%	–
AMGN	Exit	AMGEN INC	$0	–	-40,993	–	-1.96%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,921	–	-2.32%	–
AAPL	Exit	APPLE INC	$0	–	-129,760	–	-2.83%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-76,230	–	-3.02%	–
NTES	Exit	NETEASE INCsponsored ads	$0	–	-310,407	–	-5.32%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-347,376	–	-7.86%	–

Q3 2020

			Value		Shares		↓ Weighting
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$41,803,000	+130.1%	347,376	+105.4%	7.86%	+102.4%
NTES	Buy	NETEASE INCsponsored ads	$28,300,000	-38.8%	310,407	+188.5%	5.32%	-46.1%
MSFT	Buy	MICROSOFT CORP	$16,033,000	+34.1%	76,230	+29.8%	3.02%	+18.0%
AAPL	Buy	APPLE INC	$15,028,000	+47.6%	129,760	+364.8%	2.83%	+29.8%
AMZN	Buy	AMAZON COM INC	$12,346,000	+34.0%	3,921	+17.4%	2.32%	+17.9%
AMGN	Buy	AMGEN INC	$10,419,000	+17.4%	40,993	+8.9%	1.96%	+3.3%
ICLR	Buy	ICON PLC	$9,631,000	+20.1%	50,398	+5.9%	1.81%	+5.7%
SPGI	Buy	S&P GLOBAL INC	$9,576,000	+19.1%	26,557	+8.8%	1.80%	+4.8%
ORCL	Buy	ORACLE CORP	$9,034,000	+17.6%	151,331	+8.9%	1.70%	+3.5%
EFA	Buy	ISHARES TRmsci eafe etf	$9,002,000	+20.0%	141,437	+14.7%	1.69%	+5.5%
NXPI	Sell	NXP SEMICONDUCTORS N V	$8,737,000	-70.1%	70,004	-72.7%	1.64%	-73.7%
EBAY	Buy	EBAY INC.	$8,024,000	+6.2%	154,016	+6.9%	1.51%	-6.6%
KB	Buy	KB FINL GROUP INCsponsored adr	$7,808,000	+3208.5%	243,073	+2759.7%	1.47%	+2836.0%
CCEP	Sell	COCA COLA EUROPEAN PARTNERS	$7,479,000	-4.5%	192,717	-7.1%	1.41%	-16.0%
GDDY	Buy	GODADDY INCcl a	$7,131,000	+2611.4%	93,863	+2519.7%	1.34%	+2294.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$7,117,000	+14.6%	4,856	+10.9%	1.34%	+0.8%
CTXS	Buy	CITRIX SYS INC	$6,999,000	+1.7%	50,826	+9.3%	1.32%	-10.5%
JAZZ	Buy	JAZZ PHARMACEUTICALS PLC	$6,997,000	+40.3%	49,073	+8.6%	1.32%	+23.5%
BAC	Buy	BK OF AMERICA CORP	$6,994,000	+11.1%	290,344	+9.5%	1.32%	-2.3%
VIPS	Buy	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$6,966,000	+893.7%	445,424	+1165.0%	1.31%	+773.3%
JPM	Buy	JPMORGAN CHASE & CO	$6,772,000	+95.0%	70,341	+90.5%	1.27%	+71.7%
FB	Buy	FACEBOOK INCcl a	$6,712,000	+73.5%	25,628	+50.4%	1.26%	+52.6%
DG	New	DOLLAR GEN CORP NEW	$6,624,000	–	31,600	–	1.25%	–
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$6,463,000	+17.4%	290,103	+28.6%	1.22%	+3.2%
AKAM	Buy	AKAMAI TECHNOLOGIES INC	$6,354,000	+12.8%	57,480	+9.3%	1.20%	-0.7%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$6,100,000	+36.0%	20,751	-0.2%	1.15%	+19.6%
YUMC	Buy	YUM CHINA HLDGS INC	$6,028,000	+92.6%	113,848	+74.9%	1.13%	+69.5%
POOL	New	POOL CORP	$5,989,000	–	17,902	–	1.13%	–
EA	Buy	ELECTRONIC ARTS INC	$5,959,000	+35.9%	45,694	+37.6%	1.12%	+19.6%
SHW	New	SHERWIN WILLIAMS CO	$5,800,000	–	8,324	–	1.09%	–
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$5,598,000	+14.7%	52,497	+3.2%	1.05%	+1.0%
IDXX	Buy	IDEXX LABS INC	$5,485,000	+19.7%	13,952	+0.5%	1.03%	+5.2%
MRK	Buy	MERCK & CO. INC	$5,398,000	+15.8%	65,077	+8.0%	1.02%	+1.9%
LMT	Buy	LOCKHEED MARTIN CORP	$5,328,000	+18.6%	13,900	+12.9%	1.00%	+4.4%
ZBRA	Sell	ZEBRA TECHNOLOGIES CORPORATIcl a	$5,218,000	-16.0%	20,670	-14.8%	0.98%	-26.1%
CZZ	Sell	COSAN LTD	$5,093,000	-36.6%	342,986	-35.7%	0.96%	-44.2%
T	Buy	AT&T INC	$5,037,000	-2.9%	176,670	+3.0%	0.95%	-14.6%
KMB	Sell	KIMBERLY CLARK CORP	$4,956,000	-27.0%	33,564	-30.1%	0.93%	-35.8%
ALL	Buy	ALLSTATE CORP	$4,804,000	+5.0%	51,035	+8.2%	0.90%	-7.7%
NVS	Buy	NOVARTIS AGsponsored adr	$4,500,000	+11.9%	51,751	+12.4%	0.85%	-1.6%
ACI	New	ALBERTSONS COS INC	$4,471,000	–	322,831	–	0.84%	–
INTC	Buy	INTEL CORP	$4,373,000	+142.9%	84,448	+180.7%	0.82%	+113.5%
SONY	Sell	SONY CORPsponsored adr	$4,370,000	+4.6%	56,934	-5.8%	0.82%	-8.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,240,000	+16.8%	71,269	+8.2%	0.80%	+2.7%
C	Buy	CITIGROUP INC	$4,237,000	-7.2%	98,274	+10.0%	0.80%	-18.3%
AYI	New	ACUITY BRANDS INC	$4,146,000	–	40,510	–	0.78%	–
DECK	Buy	DECKERS OUTDOOR CORP	$3,756,000	+54.9%	17,073	+38.3%	0.71%	+36.3%
RDY	Buy	DR REDDYS LABS LTDadr	$3,672,000	+271.3%	52,790	+183.1%	0.69%	+227.5%
TROW	Buy	PRICE T ROWE GROUP INC	$3,661,000	+111.4%	28,554	+103.6%	0.69%	+85.9%
ALSN	Buy	ALLISON TRANSMISSION HLDGS I	$3,651,000	+4.1%	103,893	+8.9%	0.69%	-8.4%
ABBV	Buy	ABBVIE INC	$3,621,000	-2.7%	41,346	+9.1%	0.68%	-14.3%
CSCO	Buy	CISCO SYS INC	$3,538,000	+58.4%	89,830	+87.6%	0.66%	+39.4%
MSI	Buy	MOTOROLA SOLUTIONS INC	$3,509,000	+22.8%	22,375	+9.7%	0.66%	+8.0%
KLAC	New	KLA CORP	$3,494,000	–	18,033	–	0.66%	–
CE	Buy	CELANESE CORP DEL	$3,231,000	+32.3%	30,071	+6.3%	0.61%	+16.5%
MTG	Buy	MGIC INVT CORP WIS	$3,069,000	+18.1%	346,380	+9.2%	0.58%	+4.0%
UL	Sell	UNILEVER PLCspon adr new	$3,062,000	+11.7%	49,636	-0.6%	0.58%	-1.7%
QCOM	Buy	QUALCOMM INC	$2,944,000	+38.8%	25,018	+7.6%	0.55%	+22.3%
JNJ	Buy	JOHNSON & JOHNSON	$2,924,000	+14.7%	19,642	+8.4%	0.55%	+0.9%
V	Buy	VISA INC	$2,905,000	+11.7%	14,529	+7.9%	0.55%	-1.8%
MTZ	Buy	MASTEC INC	$2,868,000	+158.1%	67,966	+174.6%	0.54%	+127.4%
TTEK	Buy	TETRA TECH INC NEW	$2,652,000	+31.5%	27,771	+9.0%	0.50%	+15.8%
DHT	Buy	DHT HOLDINGS INC	$2,650,000	+52.6%	513,579	+51.7%	0.50%	+34.2%
GILD	Buy	GILEAD SCIENCES INC	$2,646,000	-9.9%	41,868	+9.7%	0.50%	-20.7%
NEU	Buy	NEWMARKET CORP	$2,650,000	-9.3%	7,741	+6.1%	0.50%	-20.3%
MCO	New	MOODYS CORP	$2,583,000	–	8,911	–	0.49%	–
GNTX	Buy	GENTEX CORP	$2,278,000	+8.5%	88,480	+8.6%	0.43%	-4.7%
WAL	Buy	WESTERN ALLIANCE BANCORP	$2,251,000	-8.5%	71,174	+9.6%	0.42%	-19.6%
HBI	Buy	HANESBRANDS INC	$2,209,000	+53.1%	140,229	+9.8%	0.42%	+34.7%
RIO	Sell	RIO TINTO PLCsponsored adr	$2,118,000	+6.7%	35,073	-0.7%	0.40%	-6.1%
RELX	Sell	RELX PLCsponsored adr	$2,110,000	-5.8%	94,342	-0.7%	0.40%	-17.1%
CI	Buy	CIGNA CORP NEW	$2,043,000	+43.1%	12,061	+58.5%	0.38%	+25.9%
GSK	Buy	GLAXOSMITHKLINE PLCsponsored adr	$2,009,000	+14.1%	53,364	+23.6%	0.38%	+0.5%
FFIV	New	F5 NETWORKS INC	$2,004,000	–	16,320	–	0.38%	–
COG	Buy	CABOT OIL & GAS CORP	$1,993,000	+9.7%	114,807	+8.5%	0.38%	-3.4%
KEYS	Sell	KEYSIGHT TECHNOLOGIES INC	$1,966,000	-61.5%	19,900	-60.7%	0.37%	-66.1%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$1,890,000	+46.9%	6,944	+56.7%	0.36%	+29.1%
LPLA	Buy	LPL FINL HLDGS INC	$1,855,000	+17.8%	24,196	+20.4%	0.35%	+3.6%
OMC	Buy	OMNICOM GROUP INC	$1,807,000	-2.9%	36,509	+7.1%	0.34%	-14.6%
SLGN	Buy	SILGAN HOLDINGS INC	$1,793,000	+23.7%	48,763	+8.9%	0.34%	+8.7%
MET	Buy	METLIFE INC	$1,765,000	+11.5%	47,486	+9.6%	0.33%	-1.8%
ABT	Buy	ABBOTT LABS	$1,714,000	+30.0%	15,753	+9.3%	0.32%	+14.2%
VRSN	Buy	VERISIGN INC	$1,666,000	+5.2%	8,133	+6.3%	0.31%	-7.4%
ALXN	New	ALEXION PHARMACEUTICALS INC	$1,658,000	–	14,485	–	0.31%	–
ELS	Buy	EQUITY LIFESTYLE PPTYS INC	$1,623,000	+5.3%	26,481	+7.3%	0.30%	-7.3%
DPZ	New	DOMINOS PIZZA INC	$1,617,000	–	3,803	–	0.30%	–
HOLX	New	HOLOGIC INC	$1,606,000	–	24,158	–	0.30%	–
HDS	New	HD SUPPLY HLDGS INC	$1,590,000	–	38,550	–	0.30%	–
AMAT	Sell	APPLIED MATLS INC	$1,521,000	-43.3%	25,582	-42.3%	0.29%	-50.1%
PFE	Buy	PFIZER INC	$1,523,000	+39.2%	41,501	+24.1%	0.29%	+22.2%
FHI	Buy	FEDERATED HERMES INCcl b	$1,484,000	-0.2%	69,012	+10.0%	0.28%	-12.3%
IX	Sell	ORIX CORPsponsored adr	$1,481,000	+1.0%	23,662	-0.7%	0.28%	-11.1%
MFC	Sell	MANULIFE FINL CORP	$1,476,000	+0.9%	106,139	-1.2%	0.28%	-11.2%
HUBB	New	HUBBELL INC	$1,416,000	–	10,350	–	0.27%	–
EMR	New	EMERSON ELEC CO	$1,403,000	–	21,400	–	0.26%	–
OFC	New	CORPORATE OFFICE PPTYS TRsh ben int	$1,377,000	–	58,054	–	0.26%	–
VST	Buy	VISTRA CORP	$1,379,000	+9.8%	73,137	+8.4%	0.26%	-3.4%
QLYS	New	QUALYS INC	$1,378,000	–	14,055	–	0.26%	–
ADT	Buy	ADT INC DEL	$1,365,000	+11.2%	167,115	+8.6%	0.26%	-1.9%
HD	Sell	HOME DEPOT INC	$1,369,000	-82.5%	4,930	-84.2%	0.26%	-84.6%
SNY	Sell	SANOFIsponsored adr	$1,369,000	-2.4%	27,295	-0.6%	0.26%	-14.3%
OTEX	Sell	OPEN TEXT CORP	$1,348,000	-40.3%	31,906	-39.9%	0.25%	-47.3%
GMAB	Sell	GENMAB A/Ssponsored ads	$1,317,000	+7.3%	35,963	-0.7%	0.25%	-5.3%
SPOT	New	SPOTIFY TECHNOLOGY S A	$1,288,000	–	5,310	–	0.24%	–
SSNC	Buy	SS&C TECHNOLOGIES HLDGS INC	$1,286,000	+36.8%	21,250	+27.6%	0.24%	+20.4%
RBC	New	REGAL BELOIT CORP	$1,224,000	–	13,039	–	0.23%	–
TPL	New	TEXAS PAC LD TRsub ctf prop i t	$1,224,000	–	2,711	–	0.23%	–
AMP	Buy	AMERIPRISE FINL INC	$1,195,000	+10.6%	7,757	+7.8%	0.22%	-2.6%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$1,180,000	-23.6%	46,877	-0.8%	0.22%	-32.7%
ADBE	New	ADOBE SYSTEMS INCORPORATED	$1,157,000	–	2,360	–	0.22%	–
SAIC	Buy	SCIENCE APPLICATIONS INTL CO	$1,120,000	+11.0%	14,284	+10.0%	0.21%	-2.3%
SBS	Sell	COMPANHIA DE SANEAMENTO BASIsponsored adr	$1,079,000	-23.9%	129,959	-3.7%	0.20%	-33.0%
REGN	New	REGENERON PHARMACEUTICALS	$1,031,000	–	1,841	–	0.19%	–
PFSI	New	PENNYMAC FINL SVCS INC NEW	$1,022,000	–	17,583	–	0.19%	–
HMC	Sell	HONDA MOTOR LTD	$996,000	-7.9%	42,040	-0.7%	0.19%	-19.0%
SCZ	Buy	ISHARES TReafe sml cp etf	$979,000	+19.2%	16,599	+8.5%	0.18%	+5.1%
BHP	Sell	BHP GROUP LTDsponsored ads	$966,000	+3.5%	18,675	-0.4%	0.18%	-8.5%
BOX	New	BOX INCcl a	$910,000	–	52,423	–	0.17%	–
STMP	New	STAMPS COM INC	$906,000	–	3,761	–	0.17%	–
CW	Buy	CURTISS WRIGHT CORP	$856,000	+12.6%	9,180	+7.8%	0.16%	-0.6%
SAP	New	SAP SEspon adr	$844,000	–	5,419	–	0.16%	–
TRU	Buy	TRANSUNION	$832,000	+6.4%	9,885	+10.0%	0.16%	-6.6%
CIEN	New	CIENA CORP	$730,000	–	18,390	–	0.14%	–
EWT	Sell	ISHARES INCmsci taiwan etf	$692,000	+8.6%	15,420	-2.7%	0.13%	-4.4%
PG	Sell	PROCTER AND GAMBLE CO	$668,000	-20.6%	4,807	-31.7%	0.13%	-30.0%
NMR	New	NOMURA HLDGS INCsponsored adr	$662,000	–	144,536	–	0.12%	–
TTE	Sell	TOTAL SEsponsored ads	$559,000	-11.0%	16,303	-0.2%	0.10%	-21.6%
MGA	Sell	MAGNA INTL INC	$546,000	+2.1%	11,929	-0.7%	0.10%	-9.6%
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$473,000	-14.2%	66,374	-0.5%	0.09%	-24.6%
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$380,000	–	4,690	–	0.07%	–
JD	New	JD.COM INCspon adr cl a	$317,000	–	4,080	–	0.06%	–
MDT	Sell	MEDTRONIC PLC	$301,000	-88.8%	2,901	-90.1%	0.06%	-90.1%
BIIB	Sell	BIOGEN INC	$259,000	-82.5%	913	-83.4%	0.05%	-84.5%
LRCX	Sell	LAM RESEARCH CORP	$256,000	-95.8%	772	-95.9%	0.05%	-96.3%
ULTA	Sell	ULTA BEAUTY INC	$241,000	-75.8%	1,074	-78.1%	0.04%	-78.9%
CMI	New	CUMMINS INC	$235,000	–	1,115	–	0.04%	–
MNST	New	MONSTER BEVERAGE CORP NEW	$228,000	–	2,840	–	0.04%	–
HELE	Sell	HELEN OF TROY LTD	$211,000	-86.0%	1,091	-86.4%	0.04%	-87.6%
CSX	New	CSX CORP	$210,000	–	2,710	–	0.04%	–
SLB	New	SCHLUMBERGER LTD	$201,000	–	12,933	–	0.04%	–
MOMO	Exit	MOMO INCadr	$0	–	-12,270	–	-0.05%	–
SYY	Exit	SYSCO CORP	$0	–	-4,385	–	-0.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,659	–	-0.06%	–
TEF	Exit	TELEFONICA S Asponsored adr	$0	–	-92,030	–	-0.10%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-8,750	–	-0.12%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-14,373	–	-0.13%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-4,586	–	-0.13%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-125,237	–	-0.15%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-12,281	–	-0.15%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-8,877	–	-0.18%	–
QRVO	Exit	QORVO INC	$0	–	-8,090	–	-0.19%	–
SNN	Exit	SMITH & NEPHEW GROUP PLCspdn adr new	$0	–	-27,304	–	-0.22%	–
USB	Exit	US BANCORP DEL	$0	–	-31,508	–	-0.25%	–
CUBE	Exit	CUBESMART	$0	–	-48,470	–	-0.28%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-13,780	–	-0.29%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-28,506	–	-0.30%	–
NRG	Exit	NRG ENERGY INC	$0	–	-48,624	–	-0.34%	–
CDW	Exit	CDW CORP	$0	–	-13,611	–	-0.34%	–
MMS	Exit	MAXIMUS INC	$0	–	-28,990	–	-0.44%	–
PEP	Exit	PEPSICO INC	$0	–	-22,090	–	-0.62%	–
ATH	Exit	ATHENE HLDG LTDcl a	$0	–	-96,675	–	-0.64%	–
PSX	Exit	PHILLIPS 66	$0	–	-45,160	–	-0.69%	–
TGT	Exit	TARGET CORP	$0	–	-33,680	–	-0.86%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-163,445	–	-1.02%	–

Q2 2020

			Value		Shares		↓ Weighting
NTES	New	NETEASE INCsponsored ads	$46,205,000	–	107,609	–	9.88%	–
NXPI	New	NXP SEMICONDUCTORS N V	$29,226,000	–	256,275	–	6.25%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$18,166,000	–	169,100	–	3.88%	–
MSFT	New	MICROSOFT CORP	$11,956,000	–	58,749	–	2.56%	–
AAPL	New	APPLE INC	$10,183,000	–	27,915	–	2.18%	–
AMZN	New	AMAZON COM INC	$9,214,000	–	3,340	–	1.97%	–
AMGN	New	AMGEN INC	$8,876,000	–	37,632	–	1.90%	–
CZZ	New	COSAN LTD	$8,039,000	–	533,827	–	1.72%	–
SPGI	New	S&P GLOBAL INC	$8,039,000	–	24,399	–	1.72%	–
ICLR	New	ICON PLC	$8,016,000	–	47,582	–	1.71%	–
CCEP	New	COCA COLA EUROPEAN PARTNERS	$7,833,000	–	207,452	–	1.67%	–
HD	New	HOME DEPOT INC	$7,810,000	–	31,178	–	1.67%	–
ORCL	New	ORACLE CORP	$7,680,000	–	138,962	–	1.64%	–
EBAY	New	EBAY INC.	$7,556,000	–	144,052	–	1.62%	–
EFA	New	ISHARES TRmsci eafe etf	$7,504,000	–	123,287	–	1.60%	–
CTXS	New	CITRIX SYS INC	$6,880,000	–	46,513	–	1.47%	–
KMB	New	KIMBERLY CLARK CORP	$6,786,000	–	48,007	–	1.45%	–
BAC	New	BK OF AMERICA CORP	$6,296,000	–	265,096	–	1.35%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPORATIcl a	$6,211,000	–	24,267	–	1.33%	–
GOOGL	New	ALPHABET INCcap stk cl a	$6,210,000	–	4,379	–	1.33%	–
LRCX	New	LAM RESEARCH CORP	$6,067,000	–	18,756	–	1.30%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$5,633,000	–	52,597	–	1.20%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$5,504,000	–	225,653	–	1.18%	–
T	New	AT&T INC	$5,188,000	–	171,604	–	1.11%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$5,103,000	–	50,639	–	1.09%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$4,988,000	–	45,202	–	1.07%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$4,880,000	–	50,855	–	1.04%	–
HFC	New	HOLLYFRONTIER CORP	$4,773,000	–	163,445	–	1.02%	–
MRK	New	MERCK & CO. INC	$4,661,000	–	60,273	–	1.00%	–
IDXX	New	IDEXX LABS INC	$4,583,000	–	13,880	–	0.98%	–
ALL	New	ALLSTATE CORP	$4,576,000	–	47,185	–	0.98%	–
C	New	CITIGROUP INC	$4,567,000	–	89,367	–	0.98%	–
LMT	New	LOCKHEED MARTIN CORP	$4,492,000	–	12,309	–	0.96%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$4,486,000	–	20,799	–	0.96%	–
EA	New	ELECTRONIC ARTS INC	$4,385,000	–	33,205	–	0.94%	–
SONY	New	SONY CORPsponsored adr	$4,177,000	–	60,417	–	0.89%	–
TGT	New	TARGET CORP	$4,039,000	–	33,680	–	0.86%	–
NVS	New	NOVARTIS AGsponsored adr	$4,023,000	–	46,059	–	0.86%	–
FB	New	FACEBOOK INCcl a	$3,868,000	–	17,036	–	0.83%	–
ABBV	New	ABBVIE INC	$3,720,000	–	37,890	–	0.80%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,631,000	–	65,854	–	0.78%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$3,508,000	–	95,370	–	0.75%	–
JPM	New	JPMORGAN CHASE & CO	$3,473,000	–	36,923	–	0.74%	–
PSX	New	PHILLIPS 66	$3,247,000	–	45,160	–	0.69%	–
YUMC	New	YUM CHINA HLDGS INC	$3,129,000	–	65,089	–	0.67%	–
ATH	New	ATHENE HLDG LTDcl a	$3,015,000	–	96,675	–	0.64%	–
GILD	New	GILEAD SCIENCES INC	$2,936,000	–	38,159	–	0.63%	–
NEU	New	NEWMARKET CORP	$2,922,000	–	7,296	–	0.62%	–
PEP	New	PEPSICO INC	$2,922,000	–	22,090	–	0.62%	–
MSI	New	MOTOROLA SOLUTIONS INC	$2,858,000	–	20,397	–	0.61%	–
UL	New	UNILEVER PLCspon adr new	$2,742,000	–	49,959	–	0.59%	–
MDT	New	MEDTRONIC PLC	$2,688,000	–	29,314	–	0.58%	–
AMAT	New	APPLIED MATLS INC	$2,681,000	–	44,348	–	0.57%	–
V	New	VISA INC	$2,600,000	–	13,460	–	0.56%	–
MTG	New	MGIC INVT CORP WIS	$2,598,000	–	317,219	–	0.56%	–
JNJ	New	JOHNSON & JOHNSON	$2,549,000	–	18,126	–	0.54%	–
WAL	New	WESTERN ALLIANCE BANCORP	$2,460,000	–	64,955	–	0.53%	–
CE	New	CELANESE CORP DEL	$2,443,000	–	28,293	–	0.52%	–
DECK	New	DECKERS OUTDOOR CORP	$2,425,000	–	12,346	–	0.52%	–
OTEX	New	OPEN TEXT CORP	$2,257,000	–	53,122	–	0.48%	–
RELX	New	RELX PLCsponsored adr	$2,239,000	–	95,045	–	0.48%	–
CSCO	New	CISCO SYS INC	$2,233,000	–	47,874	–	0.48%	–
QCOM	New	QUALCOMM INC	$2,121,000	–	23,259	–	0.45%	–
GNTX	New	GENTEX CORP	$2,099,000	–	81,465	–	0.45%	–
MMS	New	MAXIMUS INC	$2,042,000	–	28,990	–	0.44%	–
TTEK	New	TETRA TECH INC NEW	$2,016,000	–	25,486	–	0.43%	–
RIO	New	RIO TINTO PLCsponsored adr	$1,985,000	–	35,332	–	0.42%	–
OMC	New	OMNICOM GROUP INC	$1,861,000	–	34,092	–	0.40%	–
COG	New	CABOT OIL & GAS CORP	$1,817,000	–	105,787	–	0.39%	–
INTC	New	INTEL CORP	$1,800,000	–	30,089	–	0.38%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$1,761,000	–	43,166	–	0.38%	–
DHT	New	DHT HOLDINGS INC	$1,737,000	–	338,629	–	0.37%	–
TROW	New	PRICE T ROWE GROUP INC	$1,732,000	–	14,028	–	0.37%	–
CDW	New	CDW CORP	$1,581,000	–	13,611	–	0.34%	–
VRSN	New	VERISIGN INC	$1,583,000	–	7,653	–	0.34%	–
MET	New	METLIFE INC	$1,583,000	–	43,343	–	0.34%	–
NRG	New	NRG ENERGY INC	$1,583,000	–	48,624	–	0.34%	–
LPLA	New	LPL FINL HLDGS INC	$1,575,000	–	20,092	–	0.34%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,544,000	–	47,233	–	0.33%	–
ELS	New	EQUITY LIFESTYLE PPTYS INC	$1,541,000	–	24,671	–	0.33%	–
HELE	New	HELEN OF TROY CORP LTD	$1,509,000	–	8,004	–	0.32%	–
FHI	New	FEDERATED HERMES INCcl b	$1,487,000	–	62,739	–	0.32%	–
BIIB	New	BIOGEN INC	$1,476,000	–	5,515	–	0.32%	–
IX	New	ORIX CORPsponsored adr	$1,467,000	–	23,823	–	0.31%	–
MFC	New	MANULIFE FINL CORP	$1,463,000	–	107,395	–	0.31%	–
SLGN	New	SILGAN HOLDINGS INC	$1,450,000	–	44,767	–	0.31%	–
HBI	New	HANESBRANDS INC	$1,443,000	–	127,770	–	0.31%	–
CI	New	CIGNA CORP NEW	$1,428,000	–	7,610	–	0.30%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$1,418,000	–	134,957	–	0.30%	–
SNY	New	SANOFIsponsored adr	$1,402,000	–	27,467	–	0.30%	–
STX	New	SEAGATE TECHNOLOGY PLC	$1,380,000	–	28,506	–	0.30%	–
PKG	New	PACKAGING CORP AMER	$1,375,000	–	13,780	–	0.29%	–
ABT	New	ABBOTT LABS	$1,318,000	–	14,414	–	0.28%	–
CUBE	New	CUBESMART	$1,308,000	–	48,470	–	0.28%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,287,000	–	4,432	–	0.28%	–
VST	New	VISTRA ENERGY CORP	$1,256,000	–	67,471	–	0.27%	–
ADT	New	ADT INC DEL	$1,228,000	–	153,942	–	0.26%	–
GMAB	New	GENMAB A/Ssponsored ads	$1,227,000	–	36,220	–	0.26%	–
USB	New	US BANCORP DEL	$1,160,000	–	31,508	–	0.25%	–
MTZ	New	MASTEC INC	$1,111,000	–	24,751	–	0.24%	–
PFE	New	PFIZER INC	$1,094,000	–	33,447	–	0.23%	–
HMC	New	HONDA MOTOR LTD	$1,082,000	–	42,345	–	0.23%	–
AMP	New	AMERIPRISE FINL INC	$1,080,000	–	7,196	–	0.23%	–
SNN	New	SMITH & NEPHEW GROUP PLCspdn adr new	$1,041,000	–	27,304	–	0.22%	–
SAIC	New	SCIENCE APPLICATIONS INTL CO	$1,009,000	–	12,989	–	0.22%	–
ULTA	New	ULTA BEAUTY INC	$996,000	–	4,894	–	0.21%	–
RDY	New	DR REDDYS LABS LTDadr	$989,000	–	18,650	–	0.21%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$940,000	–	16,651	–	0.20%	–
BHP	New	BHP GROUP LTDsponsored ads	$933,000	–	18,755	–	0.20%	–
QRVO	New	QORVO INC	$894,000	–	8,090	–	0.19%	–
HCA	New	HCA HEALTHCARE INC	$862,000	–	8,877	–	0.18%	–
PG	New	PROCTER AND GAMBLE CO	$841,000	–	7,035	–	0.18%	–
SCZ	New	ISHARES TReafe sml cp etf	$821,000	–	15,303	–	0.18%	–
TRU	New	TRANSUNION	$782,000	–	8,990	–	0.17%	–
CW	New	CURTISS WRIGHT CORP	$760,000	–	8,517	–	0.16%	–
SYNH	New	SYNEOS HEALTH INCcl a	$715,000	–	12,281	–	0.15%	–
BCS	New	BARCLAYS PLCadr	$709,000	–	125,237	–	0.15%	–
VIPS	New	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$701,000	–	35,210	–	0.15%	–
EWT	New	ISHARES INCmsci taiwan etf	$637,000	–	15,840	–	0.14%	–
TTE	New	TOTAL S.A.sponsored ads	$628,000	–	16,335	–	0.13%	–
DEO	New	DIAGEO P L Cspon adr new	$616,000	–	4,586	–	0.13%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$609,000	–	14,373	–	0.13%	–
JCOM	New	J2 GLOBAL INC	$553,000	–	8,750	–	0.12%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$551,000	–	66,679	–	0.12%	–
MGA	New	MAGNA INTL INC	$535,000	–	12,011	–	0.11%	–
GIS	New	GENERAL MLS INC	$495,000	–	8,029	–	0.11%	–
TEF	New	TELEFONICA S Asponsored adr	$444,000	–	92,030	–	0.10%	–
TX	New	TERNIUM SAsponsored ads	$428,000	–	28,227	–	0.09%	–
EC	New	ECOPETROL S Asponsored ads	$396,000	–	35,570	–	0.08%	–
UMC	New	UNITED MICROELECTRONICS CORPspon adr new	$375,000	–	142,000	–	0.08%	–
COP	New	CONOCOPHILLIPS	$280,000	–	6,659	–	0.06%	–
GDDY	New	GODADDY INCcl a	$263,000	–	3,583	–	0.06%	–
BBY	New	BEST BUY INC	$264,000	–	3,028	–	0.06%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$255,000	–	703	–	0.06%	–
SYY	New	SYSCO CORP	$240,000	–	4,385	–	0.05%	–
KB	New	KB FINL GROUP INCsponsored adr	$236,000	–	8,500	–	0.05%	–
WEC	New	WEC ENERGY GROUP INC	$221,000	–	2,523	–	0.05%	–
SHG	New	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$217,000	–	9,000	–	0.05%	–
MOMO	New	MOMO INCadr	$214,000	–	12,270	–	0.05%	–

Q4 2019

			Value		Shares		↓ Weighting
PINC	Exit	PREMIER INCcl a	$0	–	-6,965	–	-0.04%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-3,324	–	-0.04%	–
BRX	Exit	BRIXMOR PPTY GROUP INC	$0	–	-10,082	–	-0.05%	–
KB	Exit	KB FINANCIAL GROUP INCsponsored adr	$0	–	-6,000	–	-0.05%	–
UGI	Exit	UGI CORP NEW	$0	–	-4,506	–	-0.05%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-2,523	–	-0.05%	–
V	Exit	VISA INC	$0	–	-1,475	–	-0.06%	–
KT	Exit	KT CORPsponsored adr	$0	–	-22,622	–	-0.06%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-3,322	–	-0.06%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-5,730	–	-0.06%	–
SHG	Exit	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$0	–	-7,840	–	-0.06%	–
CMA	Exit	COMERICA INC	$0	–	-4,366	–	-0.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-173	–	-0.07%	–
CSCO	Exit	CISCO SYS INC	$0	–	-6,151	–	-0.07%	–
CACI	Exit	CACI INTL INCcl a	$0	–	-1,378	–	-0.07%	–
WF	Exit	WOORI FINANCIAL GROUP INCsponsored ads	$0	–	-10,230	–	-0.07%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-3,864	–	-0.07%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-29,559	–	-0.08%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-953	–	-0.08%	–
MSCI	Exit	MSCI INC	$0	–	-1,594	–	-0.08%	–
GNTX	Exit	GENTEX CORP	$0	–	-12,756	–	-0.08%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-4,040	–	-0.08%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-2,191	–	-0.08%	–
EC	Exit	ECOPETROL S Asponsored ads	$0	–	-22,791	–	-0.09%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,463	–	-0.10%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-4,126	–	-0.10%	–
BBY	Exit	BEST BUY INC	$0	–	-6,480	–	-0.10%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-2,558	–	-0.12%	–
HMC	Exit	HONDA MOTOR LTD	$0	–	-21,779	–	-0.13%	–
MEOH	Exit	METHANEX CORP	$0	–	-16,255	–	-0.13%	–
TNET	Exit	TRINET GROUP INC	$0	–	-10,163	–	-0.14%	–
CHU	Exit	CHINA UNICOM (HONG KONG) LTDsponsored adr	$0	–	-60,664	–	-0.14%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-11,482	–	-0.15%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-5,253	–	-0.16%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-19,016	–	-0.17%	–
ADT	Exit	ADT INC	$0	–	-123,987	–	-0.18%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-14,348	–	-0.18%	–
BHP	Exit	BHP GROUP LTDsponsored ads	$0	–	-16,846	–	-0.19%	–
CMI	Exit	CUMMINS INC	$0	–	-5,157	–	-0.19%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-44,693	–	-0.19%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-18,537	–	-0.19%	–
NEU	Exit	NEWMARKET CORP	$0	–	-1,850	–	-0.20%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-8,087	–	-0.22%	–
YUMC	Exit	YUM CHINA HLDGS INC	$0	–	-21,478	–	-0.22%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-11,951	–	-0.22%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-371,745	–	-0.22%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-41,502	–	-0.22%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-23,339	–	-0.22%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-6,650	–	-0.23%	–
CZZ	Exit	COSAN LTD	$0	–	-70,965	–	-0.24%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-6,556	–	-0.24%	–
MNST	Exit	MONSTER BEVERAGE CORP NEW	$0	–	-19,222	–	-0.25%	–
CW	Exit	CURTISS WRIGHT CORP	$0	–	-8,731	–	-0.26%	–
QRVO	Exit	QORVO INC	$0	–	-15,546	–	-0.26%	–
KSS	Exit	KOHLS CORP	$0	–	-23,552	–	-0.26%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-22,567	–	-0.27%	–
AGCO	Exit	AGCO CORP	$0	–	-16,135	–	-0.28%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-8,294	–	-0.28%	–
CUK	Exit	CARNIVAL PLCadr	$0	–	-29,280	–	-0.28%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-41,126	–	-0.28%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-12,119	–	-0.29%	–
VRSN	Exit	VERISIGN INC	$0	–	-7,059	–	-0.30%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-9,730	–	-0.31%	–
MTZ	Exit	MASTEC INC	$0	–	-21,869	–	-0.32%	–
INTC	Exit	INTEL CORP	$0	–	-27,808	–	-0.32%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-16,026	–	-0.33%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-19,451	–	-0.33%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-81,451	–	-0.34%	–
ELS	Exit	EQUITY LIFESTYLE PPTYS INC	$0	–	-11,236	–	-0.34%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INCcl a	$0	–	-35,648	–	-0.34%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-120,418	–	-0.35%	–
ZION	Exit	ZIONS BANCORPORATION N A	$0	–	-35,160	–	-0.35%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDG L	$0	–	-30,404	–	-0.36%	–
PFE	Exit	PFIZER INC	$0	–	-43,853	–	-0.36%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-14,556	–	-0.36%	–
NRG	Exit	NRG ENERGY INC	$0	–	-40,086	–	-0.36%	–
PSX	Exit	PHILLIPS 66	$0	–	-15,585	–	-0.36%	–
VST	Exit	VISTRA ENERGY CORP	$0	–	-60,503	–	-0.36%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-11,024	–	-0.37%	–
RIO	Exit	RIO TINTO PLCsponsored adr	$0	–	-31,622	–	-0.37%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-101,798	–	-0.38%	–
SNN	Exit	SMITH & NEPHEW PLCspdn adr new	$0	–	-34,628	–	-0.38%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-47,275	–	-0.38%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-29,127	–	-0.39%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-85,305	–	-0.40%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-22,764	–	-0.41%	–
MET	Exit	METLIFE INC	$0	–	-38,696	–	-0.41%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-351,600	–	-0.41%	–
CDNS	Exit	CADENCE DESIGN SYSTEM INC	$0	–	-27,951	–	-0.42%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-22,290	–	-0.44%	–
CDW	Exit	CDW CORP	$0	–	-16,035	–	-0.45%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-15,616	–	-0.46%	–
TTEK	Exit	TETRA TECH INC NEW	$0	–	-23,731	–	-0.46%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-17,402	–	-0.47%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-8,459	–	-0.47%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-26,745	–	-0.47%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-177,643	–	-0.48%	–
MRK	Exit	MERCK & CO INC	$0	–	-25,434	–	-0.48%	–
MMS	Exit	MAXIMUS INC	$0	–	-28,138	–	-0.49%	–
ABBV	Exit	ABBVIE INC	$0	–	-29,105	–	-0.50%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-45,218	–	-0.55%	–
XRX	Exit	XEROX HOLDINGS CORP	$0	–	-86,725	–	-0.59%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-26,585	–	-0.59%	–
BIIB	Exit	BIOGEN INC	$0	–	-11,191	–	-0.59%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-45,024	–	-0.61%	–
CE	Exit	CELANESE CORP DEL	$0	–	-25,485	–	-0.70%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-50,211	–	-0.72%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-54,039	–	-0.72%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-32,018	–	-0.75%	–
TGT	Exit	TARGET CORP	$0	–	-31,281	–	-0.76%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-55,577	–	-0.76%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-12,416	–	-0.76%	–
C	Exit	CITIGROUP INC	$0	–	-52,925	–	-0.83%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-28,997	–	-0.84%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-31,121	–	-0.85%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-9,687	–	-0.85%	–
EBAY	Exit	EBAY INC	$0	–	-98,123	–	-0.86%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-176,187	–	-0.87%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-33,051	–	-0.88%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-68,494	–	-0.88%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-68,363	–	-0.89%	–
ATH	Exit	ATHENE HLDG LTDcl a	$0	–	-96,010	–	-0.91%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-86,864	–	-0.92%	–
AVGO	Exit	BROADCOM INC	$0	–	-15,022	–	-0.94%	–
KLAC	Exit	KLA CORPORATION	$0	–	-26,852	–	-0.97%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPcl a	$0	–	-20,935	–	-0.98%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-18,797	–	-0.98%	–
ALL	Exit	ALLSTATE CORP	$0	–	-44,297	–	-1.09%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-34,110	–	-1.09%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-4,046	–	-1.12%	–
PHM	Exit	PULTE GROUP INC	$0	–	-140,984	–	-1.16%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-29,116	–	-1.17%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-2,776	–	-1.23%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-99,299	–	-1.24%	–
PEP	Exit	PEPSICO INC	$0	–	-40,407	–	-1.25%	–
BAC	Exit	BANK AMER CORP	$0	–	-202,602	–	-1.34%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-91,764	–	-1.35%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-62,542	–	-1.36%	–
NTES	Exit	NETEASE INCsponsored ads	$0	–	-23,134	–	-1.39%	–
HD	Exit	HOME DEPOT INC	$0	–	-28,244	–	-1.48%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-49,094	–	-1.54%	–
ORCL	Exit	ORACLE CORP	$0	–	-129,327	–	-1.61%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-49,281	–	-1.62%	–
T	Exit	AT&T INC	$0	–	-193,395	–	-1.65%	–
AAPL	Exit	APPLE INC	$0	–	-35,663	–	-1.80%	–
TX	Exit	TERNIUM SAsponsored ads	$0	–	-417,224	–	-1.81%	–
AMGN	Exit	AMGEN INC	$0	–	-41,544	–	-1.82%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-358,645	–	-2.40%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-127,639	–	-3.16%	–
ICLR	Exit	ICON PLC	$0	–	-106,932	–	-3.56%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-686,400	–	-16.92%	–

Q3 2019

			Value		Shares		↓ Weighting
NXPI	Sell	NXP SEMICONDUCTORS N V	$74,900,000	+10.1%	686,400	-1.5%	16.92%	+16.7%
ICLR	Sell	ICON PLC	$15,755,000	-45.8%	106,932	-43.4%	3.56%	-42.6%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$13,976,000	-6.9%	127,639	-1.7%	3.16%	-1.3%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$10,630,000	-3.4%	358,645	+10.7%	2.40%	+2.4%
AMGN	Sell	AMGEN INC	$8,039,000	-4.5%	41,544	-9.1%	1.82%	+1.2%
TX	Sell	TERNIUM SAsponsored ads	$8,007,000	-22.6%	417,224	-9.5%	1.81%	-18.0%
AAPL	Buy	APPLE INC	$7,987,000	+31.6%	35,663	+16.3%	1.80%	+39.5%
T	Sell	AT&T INC	$7,318,000	+4.2%	193,395	-7.7%	1.65%	+10.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$7,166,000	-28.3%	49,281	-32.0%	1.62%	-24.1%
ORCL	Sell	ORACLE CORP	$7,117,000	-11.1%	129,327	-8.0%	1.61%	-5.9%
MSFT	Buy	MICROSOFT CORP	$6,826,000	+14.5%	49,094	+10.4%	1.54%	+21.4%
HD	Sell	HOME DEPOT INC	$6,553,000	+3.1%	28,244	-7.6%	1.48%	+9.2%
NTES	New	NETEASE INCsponsored ads	$6,158,000	–	23,134	–	1.39%	–
CTXS	Sell	CITRIX SYS INC	$6,037,000	-15.7%	62,542	-14.3%	1.36%	-10.7%
EFA	Sell	ISHARES TRmsci eafe etf	$5,984,000	-52.8%	91,764	-52.4%	1.35%	-50.0%
BAC	Sell	BANK AMER CORP	$5,910,000	-7.5%	202,602	-8.0%	1.34%	-1.9%
PEP	New	PEPSICO INC	$5,540,000	–	40,407	–	1.25%	–
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$5,492,000	-7.0%	99,299	-8.1%	1.24%	-1.5%
BKNG	Buy	BOOKING HLDGS INC	$5,448,000	+209.9%	2,776	+195.9%	1.23%	+228.0%
FB	Buy	FACEBOOK INCcl a	$5,185,000	+6.2%	29,116	+15.1%	1.17%	+12.5%
PHM	Sell	PULTE GROUP INC	$5,153,000	+7.0%	140,984	-7.5%	1.16%	+13.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$4,941,000	+594.0%	4,046	+514.9%	1.12%	+634.2%
KMB	Buy	KIMBERLY CLARK CORP	$4,845,000	+63.1%	34,110	+53.0%	1.09%	+72.8%
ALL	Buy	ALLSTATE CORP	$4,814,000	+121.6%	44,297	+107.4%	1.09%	+134.8%
LRCX	Sell	LAM RESEARCH CORP	$4,344,000	-30.6%	18,797	-43.6%	0.98%	-26.5%
ZBRA	Sell	ZEBRA TECHNOLOGIES CORPcl a	$4,320,000	-9.9%	20,935	-8.6%	0.98%	-4.5%
KLAC	Sell	KLA CORPORATION	$4,282,000	+13.9%	26,852	-15.5%	0.97%	+20.7%
AVGO	Sell	BROADCOM INC	$4,147,000	-10.7%	15,022	-6.9%	0.94%	-5.4%
ALSN	Sell	ALLISON TRANSMISSION HLDGS I	$4,087,000	-16.5%	86,864	-17.7%	0.92%	-11.5%
ATH	Sell	ATHENE HLDG LTDcl a	$4,038,000	-10.2%	96,010	-8.1%	0.91%	-4.8%
TAP	Sell	MOLSON COORS BREWING COcl b	$3,931,000	-4.9%	68,363	-7.4%	0.89%	+0.8%
COP	Sell	CONOCOPHILLIPS	$3,903,000	-13.7%	68,494	-7.6%	0.88%	-8.5%
JPM	Buy	JPMORGAN CHASE & CO	$3,890,000	+75.9%	33,051	+67.2%	0.88%	+86.6%
BHC	New	BAUSCH HEALTH COS INC	$3,850,000	–	176,187	–	0.87%	–
EBAY	Sell	EBAY INC	$3,825,000	-23.2%	98,123	-22.2%	0.86%	-18.6%
LMT	Buy	LOCKHEED MARTIN CORP	$3,779,000	+298.6%	9,687	+271.6%	0.85%	+322.3%
HCA	Buy	HCA HEALTHCARE INC	$3,748,000	+1157.7%	31,121	+1309.5%	0.85%	+1221.9%
JAZZ	Sell	JAZZ PHARMACEUTICALS PLC	$3,716,000	-17.2%	28,997	-7.9%	0.84%	-12.2%
C	New	CITIGROUP INC	$3,656,000	–	52,925	–	0.83%	–
IDXX	Sell	IDEXX LABS INC	$3,376,000	-8.1%	12,416	-7.0%	0.76%	-2.7%
VZ	New	VERIZON COMMUNICATIONS INC	$3,355,000	–	55,577	–	0.76%	–
TGT	Sell	TARGET CORP	$3,344,000	+12.8%	31,281	-8.6%	0.76%	+19.5%
PYPL	New	PAYPAL HLDGS INC	$3,317,000	–	32,018	–	0.75%	–
SONY	Buy	SONY CORPsponsored adr	$3,195,000	+13.3%	54,039	+0.4%	0.72%	+20.1%
GILD	Sell	GILEAD SCIENCES INC	$3,182,000	-13.6%	50,211	-7.9%	0.72%	-8.4%
CE	Buy	CELANESE CORP DEL	$3,117,000	+1001.4%	25,485	+869.4%	0.70%	+1073.3%
UL	Buy	UNILEVER PLCspon adr new	$2,706,000	+15.1%	45,024	+18.7%	0.61%	+22.0%
BIIB	Buy	BIOGEN INC	$2,605,000	+81.9%	11,191	+82.7%	0.59%	+92.8%
EA	Sell	ELECTRONIC ARTS INC	$2,601,000	-43.5%	26,585	-41.5%	0.59%	-40.1%
XRX	New	XEROX HOLDINGS CORP	$2,594,000	–	86,725	–	0.59%	–
HFC	Sell	HOLLYFRONTIER CORP	$2,425,000	+11.1%	45,218	-4.1%	0.55%	+17.8%
ABBV	Sell	ABBVIE INC	$2,204,000	-4.0%	29,105	-7.8%	0.50%	+1.8%
MMS	Buy	MAXIMUS INC	$2,174,000	+69.6%	28,138	+59.3%	0.49%	+79.9%
MRK	Sell	MERCK & CO INC	$2,141,000	-7.9%	25,434	-8.3%	0.48%	-2.4%
SBS	Sell	COMPANHIA DE SANEAMENTO BASIsponsored adr	$2,110,000	-11.2%	177,643	-9.0%	0.48%	-5.7%
OMC	Buy	OMNICOM GROUP INC	$2,094,000	+465.9%	26,745	+492.1%	0.47%	+498.7%
SPGI	Sell	S&P GLOBAL INC	$2,072,000	-1.1%	8,459	-8.0%	0.47%	+4.9%
CVX	New	CHEVRON CORP NEW	$2,064,000	–	17,402	–	0.47%	–
TTEK	Sell	TETRA TECH INC NEW	$2,059,000	+1.3%	23,731	-8.3%	0.46%	+7.4%
JNJ	Sell	JOHNSON & JOHNSON	$2,020,000	-14.9%	15,616	-8.4%	0.46%	-9.9%
CDW	Sell	CDW CORP	$1,976,000	+3.1%	16,035	-7.1%	0.45%	+9.3%
NVS	Buy	NOVARTIS A Gsponsored adr	$1,937,000	-4.3%	22,290	+0.5%	0.44%	+1.2%
CDNS	New	CADENCE DESIGN SYSTEM INC	$1,847,000	–	27,951	–	0.42%	–
BBVA	Buy	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$1,828,000	+64.5%	351,600	+76.0%	0.41%	+74.3%
MET	Sell	METLIFE INC	$1,825,000	-13.8%	38,696	-9.2%	0.41%	-8.6%
GIB	Buy	CGI INCcl a sub vtg	$1,802,000	+3.3%	22,764	+0.2%	0.41%	+9.4%
RDSA	Buy	ROYAL DUTCH SHELL PLCspons adr a	$1,714,000	-9.5%	29,127	+0.1%	0.39%	-4.0%
CFG	Sell	CITIZENS FINL GROUP INC	$1,672,000	-59.1%	47,275	-59.1%	0.38%	-56.6%
SNN	Buy	SMITH & NEPHEW PLCspdn adr new	$1,667,000	+11.1%	34,628	+0.4%	0.38%	+17.5%
NUAN	New	NUANCE COMMUNICATIONS INC	$1,660,000	–	101,798	–	0.38%	–
RIO	Buy	RIO TINTO PLCsponsored adr	$1,647,000	+23.0%	31,622	+47.2%	0.37%	+30.5%
DECK	Sell	DECKERS OUTDOOR CORP	$1,624,000	-24.0%	11,024	-9.2%	0.37%	-19.3%
VST	New	VISTRA ENERGY CORP	$1,617,000	–	60,503	–	0.36%	–
PSX	New	PHILLIPS 66	$1,596,000	–	15,585	–	0.36%	–
NRG	New	NRG ENERGY INC	$1,587,000	–	40,086	–	0.36%	–
MDT	Sell	MEDTRONIC PLC	$1,581,000	-45.5%	14,556	-51.1%	0.36%	-42.2%
PFE	Sell	PFIZER INC	$1,576,000	-66.6%	43,853	-59.8%	0.36%	-64.6%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDG L	$1,574,000	-10.4%	30,404	-7.1%	0.36%	-5.1%
ZION	Sell	ZIONS BANCORPORATION N A	$1,565,000	-37.1%	35,160	-35.0%	0.35%	-33.4%
FCAU	Buy	FIAT CHRYSLER AUTOMOBILES N	$1,559,000	-6.2%	120,418	+0.1%	0.35%	-0.6%
SBGI	Sell	SINCLAIR BROADCAST GROUP INCcl a	$1,524,000	-41.3%	35,648	-26.4%	0.34%	-37.8%
ELS	Sell	EQUITY LIFESTYLE PPTYS INC	$1,501,000	+2.7%	11,236	-6.7%	0.34%	+9.0%
MFC	Buy	MANULIFE FINL CORP	$1,495,000	+105.9%	81,451	+104.1%	0.34%	+118.1%
IX	Buy	ORIX CORPsponsored adr	$1,462,000	+0.5%	19,451	+0.1%	0.33%	+6.5%
JCOM	Sell	J2 GLOBAL INC	$1,455,000	-5.8%	16,026	-7.8%	0.33%	0.0%
INTC	Buy	INTEL CORP	$1,433,000	+44.6%	27,808	+34.4%	0.32%	+53.6%
MTZ	Sell	MASTEC INC	$1,420,000	+14.7%	21,869	-9.0%	0.32%	+21.6%
PNC	Sell	PNC FINL SVCS GROUP INC	$1,364,000	-6.8%	9,730	-8.7%	0.31%	-1.3%
VRSN	Buy	VERISIGN INC	$1,332,000	+141.3%	7,059	+167.3%	0.30%	+155.1%
PKG	Sell	PACKAGING CORP AMER	$1,286,000	-57.2%	12,119	-61.6%	0.29%	-54.8%
SLGN	New	SILGAN HOLDINGS INC	$1,235,000	–	41,126	–	0.28%	–
CUK	Buy	CARNIVAL PLCadr	$1,232,000	-6.9%	29,280	+0.2%	0.28%	-1.4%
AMP	Sell	AMERIPRISE FINL INC	$1,220,000	-50.7%	8,294	-51.3%	0.28%	-47.6%
AGCO	New	AGCO CORP	$1,221,000	–	16,135	–	0.28%	–
SYNH	New	SYNEOS HEALTH INCcl a	$1,201,000	–	22,567	–	0.27%	–
KSS	Sell	KOHLS CORP	$1,170,000	-41.3%	23,552	-43.8%	0.26%	-37.9%
QRVO	New	QORVO INC	$1,153,000	–	15,546	–	0.26%	–
CW	Sell	CURTISS WRIGHT CORP	$1,130,000	-67.9%	8,731	-68.5%	0.26%	-66.0%
MNST	New	MONSTER BEVERAGE CORP NEW	$1,116,000	–	19,222	–	0.25%	–
DEO	Buy	DIAGEO P L Cspon adr new	$1,072,000	-4.8%	6,556	+0.4%	0.24%	+0.8%
CZZ	New	COSAN LTD	$1,057,000	–	70,965	–	0.24%	–
SPG	Sell	SIMON PPTY GROUP INC NEW	$1,035,000	-10.2%	6,650	-7.8%	0.23%	-4.9%
GSK	Buy	GLAXOSMITHKLINE PLCsponsored adr	$996,000	+7.1%	23,339	+0.4%	0.22%	+13.6%
LYG	Sell	LLOYDS BANKING GROUP PLCsponsored adr	$981,000	-47.4%	371,745	-43.4%	0.22%	-44.1%
RELX	Buy	RELX PLCsponsored adr	$984,000	-2.4%	41,502	+0.5%	0.22%	+3.3%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$979,000	-67.4%	11,951	-67.9%	0.22%	-65.5%
YUMC	Sell	YUM CHINA HLDGS INC	$976,000	-52.0%	21,478	-51.2%	0.22%	-49.3%
AXP	Sell	AMERICAN EXPRESS CO	$957,000	-12.4%	8,087	-8.7%	0.22%	-7.3%
NEU	New	NEWMARKET CORP	$873,000	–	1,850	–	0.20%	–
WAL	Sell	WESTERN ALLIANCE BANCORP	$854,000	-53.4%	18,537	-54.8%	0.19%	-50.5%
EQNR	Buy	EQUINOR ASAsponsored adr	$847,000	-4.2%	44,693	+0.1%	0.19%	+1.6%
CMI	Sell	CUMMINS INC	$839,000	-52.4%	5,157	-49.8%	0.19%	-49.6%
BHP	Buy	BHP GROUP LTDsponsored ads	$832,000	-14.3%	16,846	+0.9%	0.19%	-9.2%
RHI	Sell	ROBERT HALF INTL INC	$799,000	-61.8%	14,348	-60.9%	0.18%	-59.6%
ADT	Sell	ADT INC	$777,000	-18.2%	123,987	-20.1%	0.18%	-13.4%
HP	New	HELMERICH & PAYNE INC	$762,000	–	19,016	–	0.17%	–
EXPE	Sell	EXPEDIA GROUP INC	$706,000	-59.1%	5,253	-59.5%	0.16%	-56.8%
SCZ	Sell	ISHARES TReafe sml cp etf	$657,000	-61.8%	11,482	-61.7%	0.15%	-59.7%
CHU	Sell	CHINA UNICOM (HONG KONG) LTDsponsored adr	$636,000	-4.1%	60,664	-0.2%	0.14%	+2.1%
TNET	Sell	TRINET GROUP INC	$632,000	-58.1%	10,163	-54.4%	0.14%	-55.6%
MEOH	Buy	METHANEX CORP	$577,000	-21.8%	16,255	+0.1%	0.13%	-17.2%
HMC	Buy	HONDA MOTOR LTD	$568,000	+1.8%	21,779	+0.8%	0.13%	+7.6%
LHX	New	L3HARRIS TECHNOLOGIES INC	$534,000	–	2,558	–	0.12%	–
BBY	Sell	BEST BUY INC	$447,000	-86.5%	6,480	-86.4%	0.10%	-85.7%
EC	Sell	ECOPETROL S Asponsored ads	$388,000	-53.3%	22,791	-49.8%	0.09%	-50.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$366,000	-46.1%	2,191	-45.4%	0.08%	-42.8%
TSN	Sell	TYSON FOODS INCcl a	$348,000	-89.2%	4,040	-89.9%	0.08%	-88.5%
INFY	Sell	INFOSYS LTDsponsored adr	$336,000	-53.4%	29,559	-56.1%	0.08%	-50.6%
CACI	Sell	CACI INTL INCcl a	$319,000	+12.7%	1,378	-0.3%	0.07%	+20.0%
WF	Buy	WOORI FINANCIAL GROUP INCsponsored ads	$319,000	+58.7%	10,230	+86.7%	0.07%	+67.4%
AMZN	Sell	AMAZON COM INC	$300,000	-83.9%	173	-82.4%	0.07%	-82.8%
CMA	Sell	COMERICA INC	$288,000	-94.2%	4,366	-93.6%	0.06%	-93.9%
SHG	New	SHINHAN FINANCIAL GROUP CO Lspn adr restrd	$274,000	–	7,840	–	0.06%	–
A	New	AGILENT TECHNOLOGIES INC	$255,000	–	3,322	–	0.06%	–
KT	New	KT CORPsponsored adr	$256,000	–	22,622	–	0.06%	–
VRNT	Exit	VERINT SYS INC	$0	–	-3,773	–	-0.04%	–
CSX	Exit	CSX CORP	$0	–	-2,710	–	-0.04%	–
TXT	Exit	TEXTRON INC	$0	–	-5,420	–	-0.06%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-2,303	–	-0.06%	–
MBT	Exit	MOBILE TELESYSTEMS PJSCsponsored adr	$0	–	-45,380	–	-0.09%	–
ATHM	Exit	AUTOHOME INCsp adr rp cl a	$0	–	-5,572	–	-0.10%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-6,936	–	-0.13%	–
ST	Exit	SENSATA TECHNOLOGIES HLDNG P	$0	–	-14,706	–	-0.15%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-87,712	–	-0.17%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-13,986	–	-0.23%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-14,804	–	-0.25%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-26,347	–	-0.26%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-8,677	–	-0.31%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-30,715	–	-0.36%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-15,742	–	-0.38%	–
DISCA	Exit	DISCOVERY INC	$0	–	-62,728	–	-0.41%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-33,772	–	-0.45%	–
NTAP	Exit	NETAPP INC	$0	–	-41,450	–	-0.54%	–
BA	Exit	BOEING CO	$0	–	-7,964	–	-0.62%	–
NSP	Exit	INSPERITY INC	$0	–	-23,901	–	-0.62%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-235,995	–	-0.62%	–
XRX	Exit	XEROX CORP	$0	–	-90,275	–	-0.68%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-73,431	–	-1.34%	–

Q2 2019

			Value		Shares		↓ Weighting
NXPI	New	NXP SEMICONDUCTORS N V	$68,000,000	–	696,655	–	14.49%	–
ICLR	New	ICON PLC	$29,083,000	–	188,889	–	6.20%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$15,004,000	–	129,781	–	3.20%	–
EFA	New	ISHARES TRmsci eafe etf	$12,677,000	–	192,867	–	2.70%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$11,003,000	–	324,001	–	2.34%	–
TX	New	TERNIUM SAsponsored ads	$10,339,000	–	460,959	–	2.20%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$9,998,000	–	72,503	–	2.13%	–
AMGN	New	AMGEN INC	$8,419,000	–	45,687	–	1.79%	–
ORCL	New	ORACLE CORP	$8,009,000	–	140,579	–	1.71%	–
CTXS	New	CITRIX SYS INC	$7,165,000	–	73,004	–	1.53%	–
T	New	AT&T INC	$7,022,000	–	209,555	–	1.50%	–
BAC	New	BANK AMER CORP	$6,388,000	–	220,265	–	1.36%	–
HD	New	HOME DEPOT INC	$6,357,000	–	30,568	–	1.36%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$6,272,000	–	73,431	–	1.34%	–
LRCX	New	LAM RESEARCH CORP	$6,263,000	–	33,341	–	1.34%	–
AAPL	New	APPLE INC	$6,068,000	–	30,657	–	1.29%	–
MSFT	New	MICROSOFT CORP	$5,960,000	–	44,489	–	1.27%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$5,906,000	–	108,038	–	1.26%	–
CMA	New	COMERICA INC	$4,985,000	–	68,628	–	1.06%	–
EBAY	New	EBAY INC	$4,981,000	–	126,094	–	1.06%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$4,893,000	–	105,576	–	1.04%	–
FB	New	FACEBOOK INCcl a	$4,883,000	–	25,299	–	1.04%	–
PHM	New	PULTE GROUP INC	$4,817,000	–	152,353	–	1.03%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPcl a	$4,797,000	–	22,900	–	1.02%	–
PFE	New	PFIZER INC	$4,723,000	–	109,037	–	1.01%	–
AVGO	New	BROADCOM INC	$4,644,000	–	16,132	–	0.99%	–
EA	New	ELECTRONIC ARTS INC	$4,600,000	–	45,423	–	0.98%	–
COP	New	CONOCOPHILLIPS	$4,522,000	–	74,128	–	0.96%	–
ATH	New	ATHENE HLDG LTDcl a	$4,496,000	–	104,422	–	0.96%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$4,486,000	–	31,469	–	0.96%	–
TAP	New	MOLSON COORS BREWING COcl b	$4,134,000	–	73,825	–	0.88%	–
CFG	New	CITIZENS FINL GROUP INC	$4,085,000	–	115,515	–	0.87%	–
KLAC	New	KLA-TENCOR CORP	$3,758,000	–	31,790	–	0.80%	–
GILD	New	GILEAD SCIENCES INC	$3,682,000	–	54,503	–	0.78%	–
IDXX	New	IDEXX LABS INC	$3,675,000	–	13,346	–	0.78%	–
CW	New	CURTISS WRIGHT CORP	$3,519,000	–	27,677	–	0.75%	–
BBY	New	BEST BUY INC	$3,312,000	–	47,499	–	0.71%	–
TSN	New	TYSON FOODS INCcl a	$3,233,000	–	40,038	–	0.69%	–
XRX	New	XEROX CORP	$3,197,000	–	90,275	–	0.68%	–
PKG	New	PACKAGING CORP AMER	$3,007,000	–	31,550	–	0.64%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$3,001,000	–	37,186	–	0.64%	–
KMB	New	KIMBERLY CLARK CORP	$2,971,000	–	22,295	–	0.63%	–
TGT	New	TARGET CORP	$2,964,000	–	34,227	–	0.63%	–
QRTEA	New	QURATE RETAIL INC	$2,924,000	–	235,995	–	0.62%	–
NSP	New	INSPERITY INC	$2,919,000	–	23,901	–	0.62%	–
MDT	New	MEDTRONIC PLC	$2,902,000	–	29,795	–	0.62%	–
BA	New	BOEING CO	$2,899,000	–	7,964	–	0.62%	–
SONY	New	SONY CORPsponsored adr	$2,819,000	–	53,804	–	0.60%	–
SBGI	New	SINCLAIR BROADCAST GROUP INCcl a	$2,597,000	–	48,432	–	0.55%	–
NTAP	New	NETAPP INC	$2,557,000	–	41,450	–	0.54%	–
ZION	New	ZIONS BANCORPORATION N A	$2,487,000	–	54,089	–	0.53%	–
AMP	New	AMERIPRISE FINL INC	$2,473,000	–	17,038	–	0.53%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$2,375,000	–	195,129	–	0.51%	–
JNJ	New	JOHNSON & JOHNSON	$2,374,000	–	17,046	–	0.51%	–
UL	New	UNILEVER PLCspon adr new	$2,351,000	–	37,943	–	0.50%	–
MRK	New	MERCK & CO INC	$2,325,000	–	27,729	–	0.50%	–
ABBV	New	ABBVIE INC	$2,295,000	–	31,559	–	0.49%	–
JPM	New	JPMORGAN CHASE & CO	$2,211,000	–	19,772	–	0.47%	–
HFC	New	HOLLYFRONTIER CORP	$2,183,000	–	47,159	–	0.46%	–
ALL	New	ALLSTATE CORP	$2,172,000	–	21,355	–	0.46%	–
DECK	New	DECKERS OUTDOOR CORP	$2,136,000	–	12,136	–	0.46%	–
STI	New	SUNTRUST BKS INC	$2,123,000	–	33,772	–	0.45%	–
MET	New	METLIFE INC	$2,118,000	–	42,637	–	0.45%	–
RHI	New	ROBERT HALF INTL INC	$2,091,000	–	36,683	–	0.45%	–
SPGI	New	S&P GLOBAL INC	$2,094,000	–	9,192	–	0.45%	–
YUMC	New	YUM CHINA HLDGS INC	$2,035,000	–	44,050	–	0.43%	–
TTEK	New	TETRA TECH INC NEW	$2,033,000	–	25,878	–	0.43%	–
NVS	New	NOVARTIS A Gsponsored adr	$2,025,000	–	22,182	–	0.43%	–
KSS	New	KOHLS CORP	$1,993,000	–	41,919	–	0.42%	–
DISCA	New	DISCOVERY INC	$1,926,000	–	62,728	–	0.41%	–
CDW	New	CDW CORP	$1,916,000	–	17,257	–	0.41%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,893,000	–	29,089	–	0.40%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$1,865,000	–	656,528	–	0.40%	–
AMZN	New	AMAZON COM INC	$1,860,000	–	982	–	0.40%	–
WAL	New	WESTERN ALLIANCE BANCORP	$1,832,000	–	40,972	–	0.39%	–
NOMD	New	NOMAD FOODS LTD	$1,822,000	–	85,305	–	0.39%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$1,787,000	–	15,742	–	0.38%	–
CMI	New	CUMMINS INC	$1,761,000	–	10,276	–	0.38%	–
BKNG	New	BOOKING HLDGS INC	$1,758,000	–	938	–	0.38%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$1,756,000	–	32,734	–	0.37%	–
GIB	New	CGI INCcl a sub vtg	$1,744,000	–	22,720	–	0.37%	–
EXPE	New	EXPEDIA GROUP INC	$1,727,000	–	12,981	–	0.37%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,721,000	–	29,982	–	0.37%	–
DXC	New	DXC TECHNOLOGY CO	$1,694,000	–	30,715	–	0.36%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$1,662,000	–	120,252	–	0.35%	–
JCOM	New	J2 GLOBAL INC	$1,545,000	–	17,376	–	0.33%	–
TNET	New	TRINET GROUP INC	$1,510,000	–	22,265	–	0.32%	–
SNN	New	SMITH & NEPHEW PLCspdn adr new	$1,501,000	–	34,482	–	0.32%	–
PH	New	PARKER HANNIFIN CORP	$1,475,000	–	8,677	–	0.31%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,463,000	–	10,659	–	0.31%	–
ELS	New	EQUITY LIFESTYLE PPTYS INC	$1,461,000	–	12,037	–	0.31%	–
IX	New	ORIX CORPsponsored adr	$1,455,000	–	19,430	–	0.31%	–
BIIB	New	BIOGEN INC	$1,432,000	–	6,125	–	0.30%	–
RIO	New	RIO TINTO PLCsponsored adr	$1,339,000	–	21,478	–	0.28%	–
CUK	New	CARNIVAL PLCadr	$1,323,000	–	29,232	–	0.28%	–
MMS	New	MAXIMUS INC	$1,282,000	–	17,668	–	0.27%	–
STX	New	SEAGATE TECHNOLOGY PLC	$1,241,000	–	26,347	–	0.26%	–
MTZ	New	MASTEC INC	$1,238,000	–	24,026	–	0.26%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$1,163,000	–	14,804	–	0.25%	–
SPG	New	SIMON PPTY GROUP INC NEW	$1,152,000	–	7,212	–	0.25%	–
DEO	New	DIAGEO P L Cspon adr new	$1,126,000	–	6,533	–	0.24%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$1,111,000	–	199,799	–	0.24%	–
AXP	New	AMERICAN EXPRESS CO	$1,093,000	–	8,857	–	0.23%	–
DFS	New	DISCOVER FINL SVCS	$1,085,000	–	13,986	–	0.23%	–
RELX	New	RELX PLCsponsored adr	$1,008,000	–	41,279	–	0.22%	–
INTC	New	INTEL CORP	$991,000	–	20,692	–	0.21%	–
BHP	New	BHP GROUP LTDsponsored ads	$971,000	–	16,704	–	0.21%	–
LMT	New	LOCKHEED MARTIN CORP	$948,000	–	2,607	–	0.20%	–
ADT	New	ADT INC	$950,000	–	155,163	–	0.20%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$930,000	–	23,237	–	0.20%	–
EQNR	New	EQUINOR ASAsponsored adr	$884,000	–	44,667	–	0.19%	–
EC	New	ECOPETROL S Asponsored ads	$831,000	–	45,440	–	0.18%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$810,000	–	87,712	–	0.17%	–
MEOH	New	METHANEX CORP	$738,000	–	16,237	–	0.16%	–
MFC	New	MANULIFE FINL CORP	$726,000	–	39,913	–	0.16%	–
ST	New	SENSATA TECHNOLOGIES HLDNG P	$721,000	–	14,706	–	0.15%	–
INFY	New	INFOSYS LTDsponsored adr	$721,000	–	67,390	–	0.15%	–
GOOGL	New	ALPHABET INCcap stk cl a	$712,000	–	658	–	0.15%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$679,000	–	4,010	–	0.14%	–
CHU	New	CHINA UNICOM (HONG KONG) LTDsponsored adr	$663,000	–	60,796	–	0.14%	–
VLO	New	VALERO ENERGY CORP NEW	$594,000	–	6,936	–	0.13%	–
HMC	New	HONDA MOTOR LTD	$558,000	–	21,611	–	0.12%	–
VRSN	New	VERISIGN INC	$552,000	–	2,641	–	0.12%	–
ATHM	New	AUTOHOME INCsp adr rp cl a	$477,000	–	5,572	–	0.10%	–
HRC	New	HILL ROM HLDGS INC	$432,000	–	4,126	–	0.09%	–
MBT	New	MOBILE TELESYSTEMS PJSCsponsored adr	$422,000	–	45,380	–	0.09%	–
MSCI	New	MSCI INC	$381,000	–	1,594	–	0.08%	–
PG	New	PROCTER AND GAMBLE CO	$380,000	–	3,463	–	0.08%	–
OMC	New	OMNICOM GROUP INC	$370,000	–	4,517	–	0.08%	–
ROP	New	ROPER TECHNOLOGIES INC	$349,000	–	953	–	0.07%	–
CSCO	New	CISCO SYS INC	$337,000	–	6,151	–	0.07%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$326,000	–	3,864	–	0.07%	–
GNTX	New	GENTEX CORP	$314,000	–	12,756	–	0.07%	–
HCA	New	HCA HEALTHCARE INC	$298,000	–	2,208	–	0.06%	–
AZPN	New	ASPEN TECHNOLOGY INC	$286,000	–	2,303	–	0.06%	–
TXT	New	TEXTRON INC	$287,000	–	5,420	–	0.06%	–
CACI	New	CACI INTL INCcl a	$283,000	–	1,382	–	0.06%	–
CE	New	CELANESE CORP DEL	$283,000	–	2,629	–	0.06%	–
PINC	New	PREMIER INCcl a	$272,000	–	6,965	–	0.06%	–
V	New	VISA INC	$256,000	–	1,475	–	0.06%	–
CMCSA	New	COMCAST CORP NEWcl a	$242,000	–	5,730	–	0.05%	–
KB	New	KB FINANCIAL GROUP INCsponsored adr	$237,000	–	6,000	–	0.05%	–
UGI	New	UGI CORP NEW	$241,000	–	4,506	–	0.05%	–
LNC	New	LINCOLN NATL CORP IND	$214,000	–	3,324	–	0.05%	–
WEC	New	WEC ENERGY GROUP INC	$210,000	–	2,523	–	0.04%	–
CSX	New	CSX CORP	$210,000	–	2,710	–	0.04%	–
WF	New	WOORI FINANCIAL GROUP INCsponsored ads	$201,000	–	5,480	–	0.04%	–
VRNT	New	VERINT SYS INC	$203,000	–	3,773	–	0.04%	–
BRX	New	BRIXMOR PPTY GROUP INC	$180,000	–	10,082	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,449	–	-0.04%	–
TSU	Exit	TIM PARTICIPACOES S Asponsored adr	$0	–	-11,581	–	-0.05%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-9,656	–	-0.06%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-1,576	–	-0.06%	–
MT	Exit	ARCELORMITTAL SA LUXEMBOURGny registry sh	$0	–	-6,748	–	-0.06%	–
BHP	Exit	BHP BILLITON LTDsponsored adr	$0	–	-4,491	–	-0.07%	–
MTZ	Exit	MASTEC INC	$0	–	-5,381	–	-0.07%	–
LII	Exit	LENNOX INTL INC	$0	–	-1,094	–	-0.07%	–
DK	Exit	DELEK US HLDGS INC NEW	$0	–	-5,746	–	-0.07%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-8,717	–	-0.08%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-14,346	–	-0.08%	–
TNET	Exit	TRINET GROUP INC	$0	–	-4,453	–	-0.08%	–
SNN	Exit	SMITH & NEPHEW PLCspdn adr new	$0	–	-6,710	–	-0.08%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,049	–	-0.08%	–
RES	Exit	RPC INC	$0	–	-16,505	–	-0.08%	–
SJM	Exit	SMUCKER J M CO	$0	–	-2,510	–	-0.08%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-15,089	–	-0.08%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-4,377	–	-0.08%	–
LSTR	Exit	LANDSTAR SYS INC	$0	–	-2,128	–	-0.08%	–
BTU	Exit	PEABODY ENERGY CORP NEW	$0	–	-7,379	–	-0.08%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-8,092	–	-0.08%	–
CR	Exit	CRANE CO	$0	–	-2,761	–	-0.08%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-6,790	–	-0.08%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-4,116	–	-0.08%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-2,550	–	-0.08%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,456	–	-0.08%	–
WPP	Exit	WPP PLC NEWadr	$0	–	-3,852	–	-0.09%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-2,982	–	-0.09%	–
BRX	Exit	BRIXMOR PPTY GROUP INC	$0	–	-16,449	–	-0.09%	–
PPL	Exit	PPL CORP	$0	–	-9,990	–	-0.09%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-2,170	–	-0.09%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-3,805	–	-0.09%	–
V	Exit	VISA INC	$0	–	-2,038	–	-0.09%	–
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-21,347	–	-0.09%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDG L	$0	–	-5,430	–	-0.10%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-17,534	–	-0.10%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPcl a	$0	–	-1,817	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-2,891	–	-0.10%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-3,228	–	-0.10%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-4,106	–	-0.10%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-7,629	–	-0.10%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-7,350	–	-0.10%	–
ITUB	Exit	ITAU UNIBANCO HLDG SAspon adr rep pfd	$0	–	-30,901	–	-0.10%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-3,193	–	-0.10%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-5,908	–	-0.10%	–
CRI	Exit	CARTERS INC	$0	–	-3,524	–	-0.10%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INCcl a	$0	–	-12,831	–	-0.11%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-5,421	–	-0.11%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,587	–	-0.11%	–
MFA	Exit	MFA FINL INC	$0	–	-50,451	–	-0.11%	–
YY	Exit	YY INC	$0	–	-5,010	–	-0.11%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-8,574	–	-0.12%	–
NRG	Exit	NRG ENERGY INC	$0	–	-10,411	–	-0.12%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,807	–	-0.12%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-6,649	–	-0.12%	–
THO	Exit	THOR INDS INC	$0	–	-4,681	–	-0.12%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-5,173	–	-0.12%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-19,907	–	-0.12%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-131,787	–	-0.12%	–
CUK	Exit	CARNIVAL PLCadr	$0	–	-6,442	–	-0.12%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-4,985	–	-0.12%	–
MMS	Exit	MAXIMUS INC	$0	–	-6,350	–	-0.12%	–
WOR	Exit	WORTHINGTON INDS INC	$0	–	-9,611	–	-0.13%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-5,147	–	-0.13%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,633	–	-0.14%	–
CMI	Exit	CUMMINS INC	$0	–	-3,079	–	-0.14%	–
M	Exit	MACYS INC	$0	–	-12,972	–	-0.14%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-4,889	–	-0.14%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,532	–	-0.14%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,305	–	-0.14%	–
CE	Exit	CELANESE CORP DEL	$0	–	-4,288	–	-0.15%	–
MIK	Exit	MICHAELS COS INC	$0	–	-30,666	–	-0.15%	–
WP	Exit	WORLDPAY INCcl a	$0	–	-5,024	–	-0.16%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-50,600	–	-0.16%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-24,436	–	-0.16%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,513	–	-0.16%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-2,693	–	-0.16%	–
CELG	Exit	CELGENE CORP	$0	–	-5,973	–	-0.16%	–
STMP	Exit	STAMPS COM INC	$0	–	-2,375	–	-0.16%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-8,955	–	-0.16%	–
ADT	Exit	ADT INC	$0	–	-59,015	–	-0.17%	–
ANDV	Exit	ANDEAVOR	$0	–	-3,594	–	-0.17%	–
EC	Exit	ECOPETROL S Asponsored ads	$0	–	-21,110	–	-0.17%	–
TSS	Exit	TOTAL SYS SVCS INC	$0	–	-5,876	–	-0.18%	–
MBT	Exit	MOBILE TELESYSTEMS PJSCsponsored adr	$0	–	-68,110	–	-0.18%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,279	–	-0.18%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-10,891	–	-0.18%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,760	–	-0.19%	–
KSS	Exit	KOHLS CORP	$0	–	-8,441	–	-0.19%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-5,912	–	-0.20%	–
URI	Exit	UNITED RENTALS INC	$0	–	-3,969	–	-0.20%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-5,986	–	-0.20%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-30,089	–	-0.20%	–
C	Exit	CITIGROUP INC	$0	–	-9,648	–	-0.21%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-10,640	–	-0.22%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,971	–	-0.24%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-402	–	-0.24%	–
MKSI	Exit	MKS INSTRUMENT INC	$0	–	-10,000	–	-0.24%	–
MAS	Exit	MASCO CORP	$0	–	-21,947	–	-0.24%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-6,275	–	-0.25%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-23,386	–	-0.25%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-15,612	–	-0.25%	–
AMZN	Exit	AMAZON COM INC	$0	–	-439	–	-0.27%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-3,398	–	-0.28%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-17,771	–	-0.28%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-5,245	–	-0.28%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-24,036	–	-0.28%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-5,085	–	-0.28%	–
WYND	Exit	WYNDHAM DESTINATIONS INC	$0	–	-21,918	–	-0.29%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-16,853	–	-0.29%	–
ELS	Exit	EQUITY LIFESTYLE PPTYS INC	$0	–	-10,250	–	-0.30%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,278	–	-0.30%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-2,338	–	-0.31%	–
LOGM	Exit	LOGMEIN INC	$0	–	-11,573	–	-0.31%	–
WU	Exit	WESTERN UN CO	$0	–	-54,468	–	-0.32%	–
ATH	Exit	ATHENE HLDG LTDcl a	$0	–	-20,084	–	-0.32%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-8,025	–	-0.32%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-11,234	–	-0.32%	–
TRU	Exit	TRANSUNION	$0	–	-14,751	–	-0.33%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-4,749	–	-0.33%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-8,779	–	-0.34%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-6,970	–	-0.35%	–
TGT	Exit	TARGET CORP	$0	–	-12,975	–	-0.35%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-66,500	–	-0.35%	–
VC	Exit	VISTEON CORP	$0	–	-12,426	–	-0.35%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-14,353	–	-0.36%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-10,583	–	-0.37%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-10,709	–	-0.37%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-11,360	–	-0.37%	–
INTC	Exit	INTEL CORP	$0	–	-26,243	–	-0.38%	–
DIS	Exit	DISNEY WALT CO	$0	–	-10,722	–	-0.38%	–
INGR	Exit	INGREDION INC	$0	–	-12,186	–	-0.39%	–
PHM	Exit	PULTE GROUP INC	$0	–	-51,942	–	-0.39%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,074	–	-0.39%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-24,179	–	-0.42%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-47,057	–	-0.43%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-18,803	–	-0.44%	–
SKM	Exit	SK TELECOM LTDsponsored adr	$0	–	-55,227	–	-0.47%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-21,003	–	-0.49%	–
HOLX	Exit	HOLOGIC INC	$0	–	-39,361	–	-0.49%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-7,107	–	-0.49%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-24,961	–	-0.51%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-15,698	–	-0.51%	–
EBAY	Exit	EBAY INC	$0	–	-52,196	–	-0.52%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-10,350	–	-0.52%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-29,960	–	-0.54%	–
KB	Exit	KB FINANCIAL GROUP INCsponsored adr	$0	–	-37,506	–	-0.55%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-23,552	–	-0.55%	–
MRK	Exit	MERCK & CO INC	$0	–	-26,027	–	-0.56%	–
MSCI	Exit	MSCI INC	$0	–	-10,462	–	-0.56%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-16,995	–	-0.57%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-26,184	–	-0.58%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-13,350	–	-0.60%	–
PVH	Exit	PVH CORP	$0	–	-13,784	–	-0.60%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-13,526	–	-0.62%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-27,195	–	-0.65%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-14,107	–	-0.70%	–
ORCL	Exit	ORACLE CORP	$0	–	-45,269	–	-0.71%	–
BBY	Exit	BEST BUY INC	$0	–	-29,475	–	-0.71%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-61,398	–	-0.72%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-10,166	–	-0.77%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-19,674	–	-0.82%	–
T	Exit	AT&T INC	$0	–	-84,427	–	-0.86%	–
AVGO	Exit	BROADCOM INC	$0	–	-11,593	–	-0.87%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-49,840	–	-0.90%	–
BC	Exit	BRUNSWICK CORP	$0	–	-44,564	–	-0.91%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-39,900	–	-0.94%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-10,207	–	-0.98%	–
BA	Exit	BOEING CO	$0	–	-9,648	–	-1.09%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-20,647	–	-1.18%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-34,324	–	-1.18%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-32,502	–	-1.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-34,417	–	-1.20%	–
CSCO	Exit	CISCO SYS INC	$0	–	-88,819	–	-1.31%	–
BAC	Exit	BANK AMER CORP	$0	–	-147,816	–	-1.32%	–
PFE	Exit	PFIZER INC	$0	–	-100,428	–	-1.34%	–
HD	Exit	HOME DEPOT INC	$0	–	-22,830	–	-1.44%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-43,956	–	-1.52%	–
AMGN	Exit	AMGEN INC	$0	–	-29,365	–	-1.85%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-119,380	–	-1.88%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-73,898	–	-2.20%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$0	–	-343,290	–	-2.24%	–
NOMD	Exit	NOMAD FOODS LTD	$0	–	-399,649	–	-2.46%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-92,948	–	-2.68%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-122,660	–	-2.74%	–
AAPL	Exit	APPLE INC	$0	–	-46,662	–	-3.20%	–
TX	Exit	TERNIUM SAspon adr	$0	–	-401,676	–	-3.69%	–
ICLR	Exit	ICON PLC	$0	–	-107,420	–	-5.01%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-278,415	–	-5.75%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-238,006	–	-8.50%	–

Q3 2018

			Value		Shares		↓ Weighting
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$28,006,000	+9.5%	238,006	-7.5%	8.50%	+30.6%
EFA	Buy	ISHARES TRmsci eafe etf	$18,929,000	+23.6%	278,415	+26.7%	5.75%	+47.4%
ICLR	Buy	ICON PLC	$16,516,000	+31.5%	107,420	+1.0%	5.01%	+56.8%
TX	Sell	TERNIUM SAspon adr	$12,167,000	-8.3%	401,676	-1.6%	3.69%	+9.4%
AAPL	Sell	APPLE INC	$10,533,000	+34.1%	46,662	-0.3%	3.20%	+59.9%
MLNX	Buy	MELLANOX TECHNOLOGIES LTD	$9,009,000	+1461.4%	122,660	+1448.7%	2.74%	+1760.5%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$8,831,000	+37.1%	92,948	-0.3%	2.68%	+63.5%
NOMD	New	NOMAD FOODS LTD	$8,097,000	–	399,649	–	2.46%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$7,394,000	–	343,290	–	2.24%	–
TARO	Sell	TARO PHARMACEUTICAL INDS LTD	$7,264,000	-0.7%	73,898	-0.2%	2.20%	+18.4%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$6,191,000	+17.7%	119,380	+1.8%	1.88%	+40.3%
AMGN	Sell	AMGEN INC	$6,087,000	+21.2%	29,365	-0.3%	1.85%	+44.6%
VLO	Sell	VALERO ENERGY CORP NEW	$5,000,000	+22.2%	43,956	-0.3%	1.52%	+45.8%
HD	Sell	HOME DEPOT INC	$4,729,000	+15.9%	22,830	-0.3%	1.44%	+38.1%
PFE	Buy	PFIZER INC	$4,426,000	+35.9%	100,428	+9.4%	1.34%	+62.0%
BAC	Sell	BANK AMER CORP	$4,355,000	-2.1%	147,816	-0.3%	1.32%	+16.8%
CSCO	Sell	CISCO SYS INC	$4,321,000	+13.2%	88,819	-0.2%	1.31%	+35.0%
MSFT	Buy	MICROSOFT CORP	$3,936,000	+35.3%	34,417	+7.9%	1.20%	+61.3%
EA	Sell	ELECTRONIC ARTS INC	$3,916,000	-1.0%	32,502	-0.3%	1.19%	+18.2%
JPM	Sell	JPMORGAN CHASE & CO	$3,873,000	+2.3%	34,324	-0.3%	1.18%	+22.0%
ROK	Sell	ROCKWELL AUTOMATION INC	$3,872,000	-10.9%	20,647	-17.3%	1.18%	+6.1%
BA	Buy	BOEING CO	$3,588,000	+35.1%	9,648	+19.1%	1.09%	+61.1%
NOC	Sell	NORTHROP GRUMMAN CORP	$3,239,000	-22.8%	10,207	-15.0%	0.98%	-7.9%
GILD	Sell	GILEAD SCIENCES INC	$3,081,000	+2.1%	39,900	-0.3%	0.94%	+21.7%
BC	Sell	BRUNSWICK CORP	$2,987,000	+12.5%	44,564	-0.3%	0.91%	+34.2%
ORBK	Sell	ORBOTECH LTDord	$2,962,000	-6.8%	49,840	-2.5%	0.90%	+11.1%
AVGO	New	BROADCOM INC	$2,860,000	–	11,593	–	0.87%	–
T	Buy	AT&T INC	$2,835,000	+84.8%	84,427	+96.2%	0.86%	+120.8%
JNJ	Sell	JOHNSON & JOHNSON	$2,718,000	-17.6%	19,674	-23.5%	0.82%	-1.7%
IDXX	Sell	IDEXX LABS INC	$2,538,000	+30.1%	10,166	-0.3%	0.77%	+54.9%
CFG	Buy	CITIZENS FINL GROUP INC	$2,368,000	+26.2%	61,398	+37.4%	0.72%	+50.7%
BBY	Sell	BEST BUY INC	$2,339,000	+13.0%	29,475	-0.4%	0.71%	+34.7%
ORCL	New	ORACLE CORP	$2,334,000	–	45,269	–	0.71%	–
FB	Sell	FACEBOOK INCcl a	$2,320,000	-16.7%	14,107	-19.0%	0.70%	-0.7%
CVS	Buy	CVS HEALTH CORP	$2,141,000	+78.4%	27,195	+41.0%	0.65%	+113.1%
LRCX	Buy	LAM RESEARCH CORP	$2,052,000	-22.4%	13,526	+3.8%	0.62%	-7.4%
PVH	Sell	PVH CORP	$1,990,000	-4.8%	13,784	-0.1%	0.60%	+13.5%
AMP	Sell	AMERIPRISE FINL INC	$1,971,000	-0.5%	13,350	-0.3%	0.60%	+18.7%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$1,909,000	+82.7%	26,184	+64.0%	0.58%	+117.7%
CTXS	Sell	CITRIX SYS INC	$1,889,000	-2.3%	16,995	-18.4%	0.57%	+16.5%
MSCI	Sell	MSCI INC	$1,856,000	-17.7%	10,462	-30.6%	0.56%	-1.9%
MRK	Sell	MERCK & CO INC	$1,846,000	+14.3%	26,027	-12.2%	0.56%	+36.3%
COP	Buy	CONOCOPHILLIPS	$1,823,000	+127.3%	23,552	+74.0%	0.55%	+171.1%
KB	Buy	KB FINANCIAL GROUP INCsponsored adr	$1,811,000	-16.1%	37,506	+0.7%	0.55%	+0.2%
TSN	Sell	TYSON FOODS INCcl a	$1,784,000	-18.9%	29,960	-0.3%	0.54%	-3.2%
EBAY	Buy	EBAY INC	$1,724,000	-8.6%	52,196	+11.4%	0.52%	+9.0%
HON	Sell	HONEYWELL INTL INC	$1,722,000	+14.7%	10,350	-0.3%	0.52%	+36.9%
AXP	Sell	AMERICAN EXPRESS CO	$1,672,000	+13.7%	15,698	-0.4%	0.51%	+35.8%
STI	Sell	SUNTRUST BKS INC	$1,667,000	-2.2%	24,961	-0.3%	0.51%	+16.6%
NTES	Sell	NETEASE INCsponsored adr	$1,622,000	-87.3%	7,107	-84.4%	0.49%	-84.9%
HOLX	Sell	HOLOGIC INC	$1,613,000	-13.9%	39,361	-21.5%	0.49%	+2.7%
DFS	Sell	DISCOVER FINL SVCS	$1,606,000	+5.9%	21,003	-0.4%	0.49%	+26.2%
SKM	Sell	SK TELECOM LTDsponsored adr	$1,540,000	+7.5%	55,227	-6.9%	0.47%	+27.9%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$1,463,000	+21.6%	18,803	-0.5%	0.44%	+45.1%
WAL	Sell	WESTERN ALLIANCE BANCORP	$1,376,000	-2.5%	24,179	-0.4%	0.42%	+16.4%
PHM	New	PULTE GROUP INC	$1,287,000	–	51,942	–	0.39%	–
INGR	Sell	INGREDION INC	$1,279,000	-18.9%	12,186	-0.4%	0.39%	-3.2%
INTC	Sell	INTEL CORP	$1,241,000	-33.1%	26,243	-26.3%	0.38%	-20.1%
KMB	Buy	KIMBERLY CLARK CORP	$1,217,000	+417.9%	10,709	+400.9%	0.37%	+515.0%
JCOM	Buy	J2 GLOBAL INC	$1,189,000	+25.3%	14,353	+19.4%	0.36%	+49.2%
TGT	Sell	TARGET CORP	$1,145,000	+2.2%	12,975	-19.5%	0.35%	+22.1%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$1,148,000	-29.5%	6,970	-21.4%	0.35%	-15.9%
UTHR	Sell	UNITED THERAPEUTICS CORP DEL	$1,123,000	+0.1%	8,779	-12.1%	0.34%	+19.2%
RE	Sell	EVEREST RE GROUP LTD	$1,085,000	-50.6%	4,749	-44.5%	0.33%	-41.1%
TRU	Sell	TRANSUNION	$1,085,000	-15.5%	14,751	-34.8%	0.33%	+0.6%
DXC	Buy	DXC TECHNOLOGY CO	$1,051,000	+125.5%	11,234	+142.2%	0.32%	+168.1%
ATH	Sell	ATHENE HLDG LTDcl a	$1,038,000	+7.6%	20,084	-0.5%	0.32%	+28.0%
WU	Sell	WESTERN UN CO	$1,038,000	-1.2%	54,468	-0.3%	0.32%	+18.0%
LOGM	Buy	LOGMEIN INC	$1,031,000	+63.4%	11,573	+112.0%	0.31%	+94.4%
CACC	Sell	CREDIT ACCEP CORP MICH	$1,024,000	-6.1%	2,338	-29.1%	0.31%	+12.3%
ELS	Sell	EQUITY LIFESTYLE PPTYS INC	$989,000	+9.6%	10,250	-0.2%	0.30%	+30.4%
WYND	Buy	WYNDHAM DESTINATIONS INC	$950,000	+116.9%	21,918	+473.0%	0.29%	+159.5%
PH	Sell	PARKER HANNIFIN CORP	$935,000	+7.1%	5,085	-0.4%	0.28%	+27.9%
AMAT	Sell	APPLIED MATLS INC	$929,000	-45.0%	24,036	-20.8%	0.28%	-34.4%
SPG	Sell	SIMON PPTY GROUP INC NEW	$927,000	+14.2%	5,245	-0.3%	0.28%	+35.7%
ALSN	Buy	ALLISON TRANSMISSION HLDGS I	$924,000	+198.1%	17,771	+124.1%	0.28%	+254.4%
ADBE	New	ADOBE SYS INC	$917,000	–	3,398	–	0.28%	–
AMZN	Buy	AMAZON COM INC	$879,000	+255.9%	439	+156.7%	0.27%	+323.8%
CMCSA	Buy	COMCAST CORP NEWcl a	$828,000	+159.6%	23,386	+150.2%	0.25%	+209.9%
RCL	Buy	ROYAL CARIBBEAN CRUISES LTD	$815,000	+96.9%	6,275	+78.6%	0.25%	+135.2%
MAS	Sell	MASCO CORP	$803,000	-50.6%	21,947	-45.4%	0.24%	-41.1%
MKSI	New	MKS INSTRUMENT INC	$802,000	–	10,000	–	0.24%	–
BKNG	Buy	BOOKING HLDGS INC	$798,000	+52.9%	402	+60.2%	0.24%	+82.0%
ALL	Sell	ALLSTATE CORP	$787,000	+3.7%	7,971	-0.4%	0.24%	+23.8%
KORS	Buy	MICHAEL KORS HLDGS LTD	$729,000	+38.3%	10,640	+25.4%	0.22%	+64.9%
QRTEA	New	QURATE RETAIL INC	$668,000	–	30,089	–	0.20%	–
URI	Buy	UNITED RENTALS INC	$649,000	+26.8%	3,969	+34.0%	0.20%	+51.5%
VEEV	New	VEEVA SYS INC	$644,000	–	5,912	–	0.20%	–
KSS	Sell	KOHLS CORP	$629,000	+12.3%	8,441	-1.3%	0.19%	+33.6%
BIIB	Sell	BIOGEN INC	$622,000	+28.5%	1,760	-0.5%	0.19%	+53.7%
UL	Buy	UNILEVER PLCspon adr new	$599,000	+1.7%	10,891	+2.7%	0.18%	+21.3%
ABBV	New	ABBVIE INC	$594,000	–	6,279	–	0.18%	–
TSS	New	TOTAL SYS SVCS INC	$580,000	–	5,876	–	0.18%	–
EC	New	ECOPETROL S Asponsored ads	$568,000	–	21,110	–	0.17%	–
ADT	New	ADT INC	$554,000	–	59,015	–	0.17%	–
SONY	Buy	SONY CORPsponsored adr	$543,000	+113.8%	8,955	+70.3%	0.16%	+153.8%
STMP	New	STAMPS COM INC	$537,000	–	2,375	–	0.16%	–
CELG	Sell	CELGENE CORP	$535,000	0.0%	5,973	-0.4%	0.16%	+19.1%
SPGI	Sell	S&P GLOBAL INC	$526,000	+1.3%	2,693	-0.8%	0.16%	+21.2%
LMT	New	LOCKHEED MARTIN CORP	$523,000	–	1,513	–	0.16%	–
SYMC	New	SYMANTEC CORP	$520,000	–	24,436	–	0.16%	–
INFY	New	INFOSYS LTDsponsored adr	$515,000	–	50,600	–	0.16%	–
MIK	Sell	MICHAELS COS INC	$498,000	-17.8%	30,666	-0.3%	0.15%	-1.9%
ITW	Sell	ILLINOIS TOOL WKS INC	$466,000	-54.9%	3,305	-49.9%	0.14%	-46.4%
PG	Sell	PROCTER AND GAMBLE CO	$460,000	-21.6%	5,532	-25.3%	0.14%	-6.0%
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$458,000	+9.0%	4,889	+2.7%	0.14%	+29.9%
CMI	Sell	CUMMINS INC	$450,000	-10.5%	3,079	-0.8%	0.14%	+7.0%
SAP	Buy	SAP SEspon adr	$447,000	+20.2%	3,633	+2.7%	0.14%	+43.2%
NVS	Buy	NOVARTIS A Gsponsored adr	$443,000	+9.9%	5,147	+3.2%	0.13%	+30.1%
MMS	Buy	MAXIMUS INC	$413,000	+22.9%	6,350	+26.1%	0.12%	+45.3%
CUK	Buy	CARNIVAL PLCadr	$406,000	+47.6%	6,442	+53.6%	0.12%	+75.7%
IX	Buy	ORIX CORPsponsored adr	$404,000	-7.6%	4,985	+2.4%	0.12%	+10.8%
LYG	Buy	LLOYDS BANKING GROUP PLCsponsored adr	$401,000	-16.1%	131,787	+2.6%	0.12%	0.0%
THO	Sell	THOR INDS INC	$392,000	-53.4%	4,681	-36.0%	0.12%	-44.4%
NRG	New	NRG ENERGY INC	$389,000	–	10,411	–	0.12%	–
ENR	Sell	ENERGIZER HLDGS INC NEW	$390,000	-20.6%	6,649	-19.3%	0.12%	-5.6%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$390,000	-48.1%	1,807	-45.1%	0.12%	-38.2%
SNY	Sell	SANOFIsponsored adr	$383,000	-10.7%	8,574	-19.9%	0.12%	+6.4%
YY	Sell	YY INC	$375,000	-61.3%	5,010	-45.5%	0.11%	-53.7%
DEO	Buy	DIAGEO P L Cspon adr new	$367,000	+7.3%	2,587	+2.5%	0.11%	+27.6%
SBGI	Sell	SINCLAIR BROADCAST GROUP INCcl a	$364,000	-68.9%	12,831	-65.6%	0.11%	-63.1%
CRI	Buy	CARTERS INC	$347,000	+14.5%	3,524	+21.1%	0.10%	+36.4%
WDC	Sell	WESTERN DIGITAL CORP	$346,000	-58.6%	5,908	-34.8%	0.10%	-50.7%
DHR	New	DANAHER CORP DEL	$347,000	–	3,193	–	0.10%	–
PRU	Sell	PRUDENTIAL FINL INC	$327,000	-3.5%	3,228	-1.3%	0.10%	+15.1%
PPC	Sell	PILGRIMS PRIDE CORP NEW	$317,000	-52.4%	17,534	-35.2%	0.10%	-43.5%
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$312,000	–	5,430	–	0.10%	–
CY	New	CYPRESS SEMICONDUCTOR CORP	$309,000	–	21,347	–	0.09%	–
MPC	Sell	MARATHON PETE CORP	$304,000	-74.4%	3,805	-76.6%	0.09%	-69.5%
PNC	New	PNC FINL SVCS GROUP INC	$296,000	–	2,170	–	0.09%	–
WPP	Buy	WPP PLC NEWadr	$282,000	-6.0%	3,852	+2.1%	0.09%	+13.2%
AGN	New	ALLERGAN PLC	$277,000	–	1,456	–	0.08%	–
GSK	Sell	GLAXOSMITHKLINE PLCsponsored adr	$273,000	-43.8%	6,790	-45.5%	0.08%	-33.1%
TOL	Buy	TOLL BROTHERS INC	$267,000	+14.1%	8,092	+49.3%	0.08%	+35.0%
BTU	New	PEABODY ENERGY CORP NEW	$263,000	–	7,379	–	0.08%	–
RES	Sell	RPC INC	$255,000	-68.7%	16,505	-63.4%	0.08%	-62.8%
SNN	Buy	SMITH & NEPHEW PLCspdn adr new	$249,000	+0.8%	6,710	+3.7%	0.08%	+20.6%
FCAU	Buy	FIAT CHRYSLER AUTOMOBILES N	$251,000	-11.9%	14,346	+3.2%	0.08%	+4.1%
TNET	New	TRINET GROUP INC	$251,000	–	4,453	–	0.08%	–
EQNR	New	EQUINOR ASAsponsored adr	$246,000	–	8,717	–	0.08%	–
DK	New	DELEK US HLDGS INC NEW	$244,000	–	5,746	–	0.07%	–
BHP	Sell	BHP BILLITON LTDsponsored adr	$224,000	-23.8%	4,491	-32.2%	0.07%	-9.3%
MT	New	ARCELORMITTAL SA LUXEMBOURGny registry sh	$208,000	–	6,748	–	0.06%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$208,000	–	1,576	–	0.06%	–
RELX	New	RELX PLCsponsored adr	$202,000	–	9,656	–	0.06%	–
TSU	New	TIM PARTICIPACOES S Asponsored adr	$168,000	–	11,581	–	0.05%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-28,041	–	-0.02%	–
FDP	Exit	FRESH DEL MONTE PRODUCE INCord	$0	–	-4,560	–	-0.05%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-6,076	–	-0.06%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-4,598	–	-0.06%	–
MMM	Exit	3M CO	$0	–	-1,054	–	-0.06%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-2,269	–	-0.07%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-4,919	–	-0.07%	–
NCR	Exit	NCR CORP NEW	$0	–	-8,782	–	-0.07%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-6,978	–	-0.07%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-29,757	–	-0.07%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-1,305	–	-0.08%	–
RACE	Exit	FERRARI N V	$0	–	-3,158	–	-0.10%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-12,098	–	-0.10%	–
CBT	Exit	CABOT CORP	$0	–	-7,541	–	-0.11%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-6,420	–	-0.11%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-2,088	–	-0.11%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-33,660	–	-0.11%	–
CA	Exit	CA INC	$0	–	-15,130	–	-0.13%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-5,853	–	-0.19%	–
HAS	Exit	HASBRO INC	$0	–	-9,218	–	-0.20%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-7,624	–	-0.23%	–
VMW	Exit	VMWARE INC	$0	–	-11,370	–	-0.35%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-39,200	–	-0.40%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-77,600	–	-0.56%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-55,600	–	-1.08%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-104,200	–	-1.26%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-94,200	–	-1.80%	–
OSB	Exit	NORBORD INC	$0	–	-186,400	–	-1.95%	–
GRPU	Exit	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$0	–	-225,400	–	-2.34%	–
TSG	Exit	STARS GROUP INC	$0	–	-281,000	–	-2.59%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-176,400	–	-2.84%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-364,500	–	-3.26%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-293,200	–	-4.32%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-227,960	–	-4.48%	–

Q2 2018

			Value		Shares		↓ Weighting
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$25,570,000	–	257,400	–	6.51%	–
BMO	New	BANK MONTREAL QUE	$17,610,000	–	227,960	–	4.48%	–
TD	New	TORONTO DOMINION BK ONT	$16,960,000	–	293,200	–	4.32%	–
EFA	New	ISHARES TRmsci eafe etf	$15,314,000	–	219,779	–	3.90%	–
TX	New	TERNIUM SAspon adr	$13,263,000	–	408,226	–	3.38%	–
OTEX	New	OPEN TEXT CORP	$12,821,000	–	364,500	–	3.26%	–
NTES	New	NETEASE INCsponsored adr	$12,767,000	–	45,534	–	3.25%	–
ICLR	New	ICON PLC	$12,561,000	–	106,319	–	3.20%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$11,172,000	–	176,400	–	2.84%	–
TSG	New	STARS GROUP INC	$10,185,000	–	281,000	–	2.59%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$9,188,000	–	225,400	–	2.34%	–
AAPL	New	APPLE INC	$7,855,000	–	46,816	–	2.00%	–
OSB	New	NORBORD INC	$7,660,000	–	186,400	–	1.95%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$7,314,000	–	74,078	–	1.86%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$7,089,000	–	94,200	–	1.80%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,443,000	–	93,266	–	1.64%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$5,262,000	–	117,250	–	1.34%	–
AMGN	New	AMGEN INC	$5,023,000	–	29,461	–	1.28%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$4,946,000	–	104,200	–	1.26%	–
BAC	New	BANK AMER CORP	$4,448,000	–	148,330	–	1.13%	–
ROK	New	ROCKWELL AUTOMATION INC	$4,348,000	–	24,958	–	1.11%	–
CIGI	New	COLLIERS INTL GROUP INC	$4,228,000	–	55,600	–	1.08%	–
NOC	New	NORTHROP GRUMMAN CORP	$4,194,000	–	12,012	–	1.07%	–
VLO	New	VALERO ENERGY CORP NEW	$4,091,000	–	44,101	–	1.04%	–
HD	New	HOME DEPOT INC	$4,081,000	–	22,898	–	1.04%	–
EA	New	ELECTRONIC ARTS INC	$3,954,000	–	32,615	–	1.01%	–
CSCO	New	CISCO SYS INC	$3,818,000	–	89,008	–	0.97%	–
JPM	New	JPMORGAN CHASE & CO	$3,787,000	–	34,435	–	0.96%	–
JNJ	New	JOHNSON & JOHNSON	$3,297,000	–	25,726	–	0.84%	–
PFE	New	PFIZER INC	$3,258,000	–	91,800	–	0.83%	–
ORBK	New	ORBOTECH LTDord	$3,179,000	–	51,130	–	0.81%	–
GILD	New	GILEAD SCIENCES INC	$3,018,000	–	40,027	–	0.77%	–
MSFT	New	MICROSOFT CORP	$2,910,000	–	31,886	–	0.74%	–
FB	New	FACEBOOK INCcl a	$2,784,000	–	17,422	–	0.71%	–
BA	New	BOEING CO	$2,656,000	–	8,100	–	0.68%	–
BC	New	BRUNSWICK CORP	$2,656,000	–	44,714	–	0.68%	–
LRCX	New	LAM RESEARCH CORP	$2,646,000	–	13,026	–	0.67%	–
MSCI	New	MSCI INC	$2,255,000	–	15,085	–	0.57%	–
TSN	New	TYSON FOODS INCcl a	$2,199,000	–	30,049	–	0.56%	–
RE	New	EVEREST RE GROUP LTD	$2,198,000	–	8,559	–	0.56%	–
GIL	New	GILDAN ACTIVEWEAR INC	$2,184,000	–	77,600	–	0.56%	–
KB	New	KB FINANCIAL GROUP INCsponsored adr	$2,158,000	–	37,241	–	0.55%	–
PVH	New	PVH CORP	$2,090,000	–	13,802	–	0.53%	–
BBY	New	BEST BUY INC	$2,070,000	–	29,582	–	0.53%	–
AMP	New	AMERIPRISE FINL INC	$1,980,000	–	13,387	–	0.50%	–
IDXX	New	IDEXX LABS INC	$1,951,000	–	10,193	–	0.50%	–
CTXS	New	CITRIX SYS INC	$1,933,000	–	20,834	–	0.49%	–
EBAY	New	EBAY INC	$1,886,000	–	46,864	–	0.48%	–
HOLX	New	HOLOGIC INC	$1,874,000	–	50,154	–	0.48%	–
CFG	New	CITIZENS FINL GROUP INC	$1,876,000	–	44,699	–	0.48%	–
INTC	New	INTEL CORP	$1,856,000	–	35,630	–	0.47%	–
STI	New	SUNTRUST BKS INC	$1,704,000	–	25,046	–	0.43%	–
AMAT	New	APPLIED MATLS INC	$1,688,000	–	30,359	–	0.43%	–
MAS	New	MASCO CORP	$1,626,000	–	40,200	–	0.41%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,628,000	–	8,870	–	0.41%	–
MRK	New	MERCK & CO INC	$1,615,000	–	29,657	–	0.41%	–
TRI	New	THOMSON REUTERS CORP	$1,581,000	–	39,200	–	0.40%	–
INGR	New	INGREDION INC	$1,577,000	–	12,235	–	0.40%	–
T	New	AT&T INC	$1,534,000	–	43,024	–	0.39%	–
DFS	New	DISCOVER FINL SVCS	$1,517,000	–	21,096	–	0.39%	–
HON	New	HONEYWELL INTL INC	$1,501,000	–	10,386	–	0.38%	–
AXP	New	AMERICAN EXPRESS CO	$1,471,000	–	15,768	–	0.37%	–
SKM	New	SK TELECOM LTDsponsored adr	$1,433,000	–	59,304	–	0.36%	–
WAL	New	WESTERN ALLIANCE BANCORP	$1,411,000	–	24,286	–	0.36%	–
VMW	New	VMWARE INC	$1,379,000	–	11,370	–	0.35%	–
VC	New	VISTEON CORP	$1,370,000	–	12,426	–	0.35%	–
TRU	New	TRANSUNION	$1,284,000	–	22,611	–	0.33%	–
AVY	New	AVERY DENNISON CORP	$1,207,000	–	11,360	–	0.31%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$1,203,000	–	18,893	–	0.31%	–
CVS	New	CVS HEALTH CORP	$1,200,000	–	19,283	–	0.30%	–
MPC	New	MARATHON PETE CORP	$1,188,000	–	16,244	–	0.30%	–
SBGI	New	SINCLAIR BROADCAST GROUP INCcl a	$1,169,000	–	37,338	–	0.30%	–
JNPR	New	JUNIPER NETWORKS INC	$1,145,000	–	47,057	–	0.29%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$1,122,000	–	9,990	–	0.29%	–
TGT	New	TARGET CORP	$1,120,000	–	16,126	–	0.28%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,114,000	–	1,074	–	0.28%	–
TRV	New	TRAVELERS COMPANIES INC	$1,114,000	–	8,025	–	0.28%	–
CACC	New	CREDIT ACCEP CORP MICH	$1,090,000	–	3,298	–	0.28%	–
DIS	New	DISNEY WALT CO	$1,077,000	–	10,722	–	0.27%	–
WU	New	WESTERN UN CO	$1,051,000	–	54,651	–	0.27%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,045,000	–	15,966	–	0.27%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$1,047,000	–	66,500	–	0.27%	–
ITW	New	ILLINOIS TOOL WKS INC	$1,034,000	–	6,601	–	0.26%	–
YY	New	YY INC	$968,000	–	9,200	–	0.25%	–
ATH	New	ATHENE HLDG LTDcl a	$965,000	–	20,187	–	0.25%	–
JCOM	New	J2 GLOBAL INC	$949,000	–	12,025	–	0.24%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$903,000	–	7,624	–	0.23%	–
ELS	New	EQUITY LIFESTYLE PPTYS INC	$902,000	–	10,275	–	0.23%	–
PH	New	PARKER HANNIFIN CORP	$873,000	–	5,107	–	0.22%	–
CBS	New	CBS CORP NEWcl b	$866,000	–	16,853	–	0.22%	–
THO	New	THOR INDS INC	$842,000	–	7,309	–	0.21%	–
WDC	New	WESTERN DIGITAL CORP	$836,000	–	9,056	–	0.21%	–
AZPN	New	ASPEN TECHNOLOGY INC	$835,000	–	10,583	–	0.21%	–
AZO	New	AUTOZONE INC	$829,000	–	1,278	–	0.21%	–
RES	New	RPC INC	$814,000	–	45,133	–	0.21%	–
SPG	New	SIMON PPTY GROUP INC NEW	$812,000	–	5,261	–	0.21%	–
COP	New	CONOCOPHILLIPS	$802,000	–	13,533	–	0.20%	–
MBT	New	MOBILE TELESYSTEMS PJSCsponsored adr	$776,000	–	68,110	–	0.20%	–
HAS	New	HASBRO INC	$777,000	–	9,218	–	0.20%	–
ALL	New	ALLSTATE CORP	$759,000	–	8,002	–	0.19%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$751,000	–	3,294	–	0.19%	–
VZ	New	VERIZON COMMUNICATIONS INC	$747,000	–	15,612	–	0.19%	–
FANG	New	DIAMONDBACK ENERGY INC	$741,000	–	5,853	–	0.19%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$666,000	–	27,075	–	0.17%	–
C	New	CITIGROUP INC	$651,000	–	9,648	–	0.17%	–
LOGM	New	LOGMEIN INC	$631,000	–	5,460	–	0.16%	–
MIK	New	MICHAELS COS INC	$606,000	–	30,771	–	0.15%	–
UL	New	UNILEVER PLCspon adr new	$589,000	–	10,601	–	0.15%	–
PG	New	PROCTER AND GAMBLE CO	$587,000	–	7,407	–	0.15%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$577,000	–	7,920	–	0.15%	–
KSS	New	KOHLS CORP	$560,000	–	8,550	–	0.14%	–
CELG	New	CELGENE CORP	$535,000	–	5,997	–	0.14%	–
KORS	New	MICHAEL KORS HLDGS LTD	$527,000	–	8,483	–	0.13%	–
BKNG	New	BOOKING HLDGS INC	$522,000	–	251	–	0.13%	–
SPGI	New	S&P GLOBAL INC	$519,000	–	2,714	–	0.13%	–
CA	New	CA INC	$513,000	–	15,130	–	0.13%	–
URI	New	UNITED RENTALS INC	$512,000	–	2,962	–	0.13%	–
CMI	New	CUMMINS INC	$503,000	–	3,104	–	0.13%	–
PRAH	New	PRA HEALTH SCIENCES INC	$497,000	–	5,986	–	0.13%	–
ENR	New	ENERGIZER HLDGS INC NEW	$491,000	–	8,244	–	0.12%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$486,000	–	12,449	–	0.12%	–
ITUB	New	ITAU UNIBANCO HLDG SAspon adr rep pfd	$482,000	–	30,901	–	0.12%	–
BIIB	New	BIOGEN INC	$484,000	–	1,768	–	0.12%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$478,000	–	128,402	–	0.12%	–
DXC	New	DXC TECHNOLOGY CO	$466,000	–	4,638	–	0.12%	–
GOLD	New	BARRICK GOLD CORP	$442,000	–	33,660	–	0.11%	–
IX	New	ORIX CORPsponsored adr	$437,000	–	4,867	–	0.11%	–
WYND	New	WYNDHAM DESTINATIONS INC	$438,000	–	3,825	–	0.11%	–
SNY	New	SANOFIsponsored adr	$429,000	–	10,698	–	0.11%	–
CE	New	CELANESE CORP DEL	$430,000	–	4,288	–	0.11%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$423,000	–	2,088	–	0.11%	–
CBT	New	CABOT CORP	$420,000	–	7,541	–	0.11%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$421,000	–	6,420	–	0.11%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$420,000	–	4,760	–	0.11%	–
DDS	New	DILLARDS INCcl a	$416,000	–	5,173	–	0.11%	–
WP	New	WORLDPAY INCcl a	$413,000	–	5,024	–	0.10%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$414,000	–	3,514	–	0.10%	–
WOR	New	WORTHINGTON INDS INC	$413,000	–	9,611	–	0.10%	–
NVS	New	NOVARTIS A Gsponsored adr	$403,000	–	4,987	–	0.10%	–
USFD	New	US FOODS HLDG CORP	$396,000	–	12,098	–	0.10%	–
LNC	New	LINCOLN NATL CORP IND	$396,000	–	5,421	–	0.10%	–
M	New	MACYS INC	$386,000	–	12,972	–	0.10%	–
MFA	New	MFA FINL INC	$380,000	–	50,451	–	0.10%	–
RACE	New	FERRARI N V	$381,000	–	3,158	–	0.10%	–
SAP	New	SAP SEspon adr	$372,000	–	3,538	–	0.10%	–
SNV	New	SYNOVUS FINL CORP	$367,000	–	7,350	–	0.09%	–
ANDV	New	ANDEAVOR	$361,000	–	3,594	–	0.09%	–
DEO	New	DIAGEO P L Cspon adr new	$342,000	–	2,524	–	0.09%	–
MMS	New	MAXIMUS INC	$336,000	–	5,037	–	0.09%	–
PRU	New	PRUDENTIAL FINL INC	$339,000	–	3,270	–	0.09%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$334,000	–	7,629	–	0.08%	–
ETR	New	ENTERGY CORP NEW	$323,000	–	4,106	–	0.08%	–
CMCSA	New	COMCAST CORP NEWcl a	$319,000	–	9,347	–	0.08%	–
PEP	New	PEPSICO INC	$316,000	–	2,891	–	0.08%	–
SJM	New	SMUCKER J M CO	$311,000	–	2,510	–	0.08%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$310,000	–	7,931	–	0.08%	–
DPZ	New	DOMINOS PIZZA INC	$305,000	–	1,305	–	0.08%	–
CRI	New	CARTER INC	$303,000	–	2,911	–	0.08%	–
WPP	New	WPP PLC NEWadr	$300,000	–	3,771	–	0.08%	–
BHP	New	BHP BILLITON LTDsponsored adr	$294,000	–	6,623	–	0.08%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING IN	$292,000	–	19,907	–	0.07%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$285,000	–	13,897	–	0.07%	–
GPORQ	New	GULFPORT ENERGY CORP	$287,000	–	29,757	–	0.07%	–
PPL	New	PPL CORP	$283,000	–	9,990	–	0.07%	–
CRUS	New	CIRRUS LOGIC INC	$284,000	–	6,978	–	0.07%	–
NCR	New	NCR CORP NEW	$277,000	–	8,782	–	0.07%	–
CUK	New	CARNIVAL PLCadr	$275,000	–	4,193	–	0.07%	–
BERY	New	BERRY GLOBAL GROUP INC	$270,000	–	4,919	–	0.07%	–
PFG	New	PRINCIPAL FINL GROUP INC	$267,000	–	4,377	–	0.07%	–
PTEN	New	PATTERSON UTI ENERGY INC	$264,000	–	15,089	–	0.07%	–
WEC	New	WEC ENERGY GROUP INC	$258,000	–	4,116	–	0.07%	–
HRC	New	HILL ROM HLDGS INC	$259,000	–	2,982	–	0.07%	–
MAN	New	MANPOWERGROUP INC	$261,000	–	2,269	–	0.07%	–
SONY	New	SONY CORPsponsored adr	$254,000	–	5,258	–	0.06%	–
CR	New	CRANE CO	$256,000	–	2,761	–	0.06%	–
BRX	New	BRIXMOR PPTY GROUP INC	$251,000	–	16,449	–	0.06%	–
MTZ	New	MASTEC INC	$253,000	–	5,381	–	0.06%	–
BXP	New	BOSTON PROPERTIES INC	$252,000	–	2,049	–	0.06%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPcl a	$253,000	–	1,817	–	0.06%	–
FIS	New	FIDELITY NATL INFORMATION SV	$246,000	–	2,550	–	0.06%	–
SNN	New	SMITH & NEPHEW PLCspdn adr new	$247,000	–	6,468	–	0.06%	–
AMZN	New	AMAZON COM INC	$247,000	–	171	–	0.06%	–
V	New	VISA INC	$244,000	–	2,038	–	0.06%	–
KMB	New	KIMBERLY CLARK CORP	$235,000	–	2,138	–	0.06%	–
TOL	New	TOLL BROTHERS INC	$234,000	–	5,420	–	0.06%	–
LSTR	New	LANDSTAR SYS INC	$233,000	–	2,128	–	0.06%	–
MMM	New	3M CO	$231,000	–	1,054	–	0.06%	–
LII	New	LENNOX INTL INC	$224,000	–	1,094	–	0.06%	–
EPC	New	EDGEWELL PERS CARE CO	$224,000	–	4,598	–	0.06%	–
AGO	New	ASSURED GUARANTY LTD	$220,000	–	6,076	–	0.06%	–
FDP	New	FRESH DEL MONTE PRODUCE INCord	$206,000	–	4,560	–	0.05%	–
GE	New	GENERAL ELECTRIC CO	$141,000	–	10,449	–	0.04%	–
ODP	New	OFFICE DEPOT INC	$60,000	–	28,041	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-12,310	–	-0.05%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-23,855	–	-0.06%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-16,281	–	-0.06%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-10,160	–	-0.07%	–
COTV	Exit	COTIVITI HLDGS INC	$0	–	-5,550	–	-0.08%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-9,216	–	-0.08%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-1,997	–	-0.08%	–
LSTR	Exit	LANDSTAR SYS INC	$0	–	-2,128	–	-0.08%	–
SYY	Exit	SYSCO CORP	$0	–	-3,925	–	-0.08%	–
DCMYY	Exit	NTT DOCOMO INCspons adr	$0	–	-9,344	–	-0.08%	–
MMM	Exit	3M CO	$0	–	-1,054	–	-0.08%	–
CR	Exit	CRANE CO	$0	–	-2,761	–	-0.08%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-6,076	–	-0.09%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-5,070	–	-0.09%	–
AFL	Exit	AFLAC INC	$0	–	-3,032	–	-0.10%	–
MTZ	Exit	MASTEC INC	$0	–	-5,381	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,449	–	-0.10%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-1,305	–	-0.10%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-4,116	–	-0.10%	–
SJM	Exit	SMUCKER J M CO	$0	–	-2,510	–	-0.10%	–
CUK	Exit	CARNIVAL PLCadr	$0	–	-4,111	–	-0.10%	–
BHP	Exit	BHP BILLITON LTDsponsored adr	$0	–	-6,494	–	-0.10%	–
TIIAY	Exit	TELECOM ITALIA S P A NEWspon adr ord	$0	–	-28,339	–	-0.10%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-4,377	–	-0.11%	–
M	Exit	MACYS INC	$0	–	-12,972	–	-0.11%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-7,629	–	-0.11%	–
CRI	Exit	CARTER INC	$0	–	-2,911	–	-0.11%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-5,173	–	-0.11%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-19,907	–	-0.11%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-7,931	–	-0.11%	–
PKX	Exit	POSCOsponsored adr	$0	–	-4,306	–	-0.11%	–
MON	Exit	MONSANTO CO NEW	$0	–	-2,500	–	-0.12%	–
BRX	Exit	BRIXMOR PPTY GROUP INC	$0	–	-16,449	–	-0.12%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-4,106	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-2,891	–	-0.12%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-12,098	–	-0.12%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,471	–	-0.12%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,666	–	-0.13%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-7,350	–	-0.13%	–
WPP	Exit	WPP PLC NEWadr	$0	–	-3,698	–	-0.13%	–
NCR	Exit	NCR CORP NEW	$0	–	-9,182	–	-0.13%	–
ANDV	Exit	ANDEAVOR	$0	–	-3,594	–	-0.14%	–
PPL	Exit	PPL CORP	$0	–	-9,990	–	-0.14%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,468	–	-0.14%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-84,981	–	-0.15%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-3,150	–	-0.15%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-4,840	–	-0.15%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-5,421	–	-0.15%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-3,825	–	-0.15%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-3,289	–	-0.16%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-8,854	–	-0.16%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-4,667	–	-0.16%	–
URI	Exit	UNITED RENTALS INC	$0	–	-2,962	–	-0.16%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-6,420	–	-0.16%	–
MBT	Exit	MOBILE TELESYSTEMS PJSCsponsored adr	$0	–	-39,980	–	-0.16%	–
CBT	Exit	CABOT CORP	$0	–	-7,541	–	-0.16%	–
ITUB	Exit	ITAU UNIBANCO HLDG SAspon adr rep pfd	$0	–	-30,901	–	-0.16%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-29,757	–	-0.16%	–
FDP	Exit	FRESH DEL MONTE PRODUCE INCord	$0	–	-9,499	–	-0.16%	–
KSS	Exit	KOHLS CORP	$0	–	-9,680	–	-0.17%	–
CE	Exit	CELANESE CORP DEL	$0	–	-4,288	–	-0.17%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-125,737	–	-0.18%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-251	–	-0.18%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-12,206	–	-0.19%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-24,189	–	-0.19%	–
ALL	Exit	ALLSTATE CORP	$0	–	-5,552	–	-0.20%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-10,462	–	-0.20%	–
C	Exit	CITIGROUP INC	$0	–	-7,239	–	-0.20%	–
TCP	Exit	TC PIPELINES LP	$0	–	-10,504	–	-0.21%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INCcl a	$0	–	-17,318	–	-0.21%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-5,853	–	-0.22%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,848	–	-0.22%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-3,795	–	-0.22%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-10,395	–	-0.23%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-26,208	–	-0.24%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-3,294	–	-0.25%	–
RACE	Exit	FERRARI N V	$0	–	-6,034	–	-0.26%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-7,624	–	-0.26%	–
MIK	Exit	MICHAELS COS INC	$0	–	-31,821	–	-0.26%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-7,657	–	-0.27%	–
MFA	Exit	MFA FINL INC	$0	–	-80,998	–	-0.27%	–
YY	Exit	YY INC	$0	–	-8,200	–	-0.27%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,278	–	-0.29%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-15,612	–	-0.30%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-28,335	–	-0.31%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-9,476	–	-0.31%	–
WU	Exit	WESTERN UN CO	$0	–	-43,338	–	-0.32%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-13,473	–	-0.32%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-5,441	–	-0.34%	–
WOR	Exit	WORTHINGTON INDS INC	$0	–	-19,106	–	-0.34%	–
ELS	Exit	EQUITY LIFESTYLE PPTYS INC	$0	–	-10,525	–	-0.34%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-11,911	–	-0.35%	–
CELG	Exit	CELGENE CORP	$0	–	-6,247	–	-0.35%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-12,445	–	-0.35%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-5,337	–	-0.36%	–
T	Exit	AT&T INC	$0	–	-23,888	–	-0.36%	–
THO	Exit	THOR INDS INC	$0	–	-7,659	–	-0.37%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-8,025	–	-0.38%	–
HAS	Exit	HASBRO INC	$0	–	-10,178	–	-0.38%	–
TGT	Exit	TARGET CORP	$0	–	-17,046	–	-0.38%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-6,831	–	-0.39%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-66,500	–	-0.40%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,074	–	-0.40%	–
SSW	Exit	SEASPAN CORP	$0	–	-147,890	–	-0.40%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-16,053	–	-0.42%	–
RES	Exit	RPC INC	$0	–	-46,293	–	-0.44%	–
SKM	Exit	SK TELECOM LTDsponsored adr	$0	–	-47,578	–	-0.45%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-4,251	–	-0.46%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-10,370	–	-0.46%	–
TRU	Exit	TRANSUNION	$0	–	-27,255	–	-0.49%	–
VMW	Exit	VMWARE INC	$0	–	-11,860	–	-0.50%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-25,406	–	-0.52%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-23,249	–	-0.52%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-32,610	–	-0.53%	–
INTC	Exit	INTEL CORP	$0	–	-36,680	–	-0.54%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-22,056	–	-0.54%	–
BBY	Exit	BEST BUY INC	$0	–	-24,921	–	-0.54%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-20,803	–	-0.56%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-10,786	–	-0.58%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-8,870	–	-0.59%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-25,946	–	-0.59%	–
MAS	Exit	MASCO CORP	$0	–	-41,740	–	-0.62%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-10,473	–	-0.62%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-21,414	–	-0.63%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-20,283	–	-0.63%	–
DIS	Exit	DISNEY WALT CO	$0	–	-17,187	–	-0.65%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-10,223	–	-0.67%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-46,879	–	-0.68%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-18,091	–	-0.68%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-49,030	–	-0.69%	–
VC	Exit	VISTEON CORP	$0	–	-14,552	–	-0.69%	–
MSCI	Exit	MSCI INC	$0	–	-15,505	–	-0.69%	–
KB	Exit	KB FINANCIAL GROUP INCsponsored adr	$0	–	-37,075	–	-0.70%	–
INGR	Exit	INGREDION INC	$0	–	-15,315	–	-0.71%	–
EBAY	Exit	EBAY INC	$0	–	-48,604	–	-0.72%	–
MRK	Exit	MERCK & CO INC	$0	–	-30,337	–	-0.74%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-21,498	–	-0.74%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-38,008	–	-0.76%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-13,757	–	-0.78%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-11,085	–	-0.78%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-75,450	–	-0.80%	–
BA	Exit	BOEING CO	$0	–	-8,530	–	-0.83%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-30,979	–	-0.84%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-10,229	–	-0.89%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-32,146	–	-0.92%	–
PVH	Exit	PVH CORP	$0	–	-21,495	–	-1.04%	–
BC	Exit	BRUNSWICK CORP	$0	–	-50,571	–	-1.08%	–
HOLX	Exit	HOLOGIC INC	$0	–	-81,803	–	-1.15%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-41,337	–	-1.28%	–
PFE	Exit	PFIZER INC	$0	–	-94,690	–	-1.29%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-35,589	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,656	–	-1.33%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-45,611	–	-1.34%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-31,323	–	-1.37%	–
CSCO	Exit	CISCO SYS INC	$0	–	-109,956	–	-1.42%	–
HD	Exit	HOME DEPOT INC	$0	–	-23,608	–	-1.48%	–
BAC	Exit	BANK AMER CORP	$0	–	-153,660	–	-1.49%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-13,597	–	-1.50%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-33,795	–	-1.53%	–
AVGO	Exit	BROADCOM LTD	$0	–	-16,892	–	-1.57%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-28,980	–	-1.98%	–
AMGN	Exit	AMGEN INC	$0	–	-30,461	–	-2.17%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-96,566	–	-2.34%	–
AAPL	Exit	APPLE INC	$0	–	-48,416	–	-2.86%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-74,819	–	-3.23%	–
ICLR	Exit	ICON PLC	$0	–	-83,464	–	-3.64%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-156,291	–	-4.10%	–
TX	Exit	TERNIUM SAspon adr	$0	–	-410,270	–	-4.86%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-87,226	–	-8.81%	–

Q3 2017

			Value		Shares		↓ Weighting
NTES	Sell	NETEASE INCsponsored adr	$23,011,000	-13.3%	87,226	-1.1%	8.81%	-9.8%
TX	Buy	TERNIUM SAspon adr	$12,690,000	+10.1%	410,270	+0.0%	4.86%	+14.5%
EFA	Sell	ISHARES TRmsci eafe etf	$10,703,000	-42.0%	156,291	-44.8%	4.10%	-39.7%
ICLR	Buy	ICON PLC	$9,505,000	+19.2%	83,464	+2.3%	3.64%	+23.9%
TARO	Sell	TARO PHARMACEUTICAL INDS LTD	$8,431,000	-0.5%	74,819	-1.0%	3.23%	+3.5%
ROK	Sell	ROCKWELL AUTOMATION INC	$5,165,000	+4.4%	28,980	-5.2%	1.98%	+8.4%
BAC	Sell	BANK AMER CORP	$3,894,000	-1.9%	153,660	-6.1%	1.49%	+2.0%
GILD	Buy	GILEAD SCIENCES INC	$3,349,000	+23.6%	41,337	+8.0%	1.28%	+28.5%
PVH	Sell	PVH CORP	$2,710,000	-0.1%	21,495	-9.3%	1.04%	+3.8%
MSFT	Sell	MICROSOFT CORP	$2,395,000	-18.8%	32,146	-24.9%	0.92%	-15.6%
LRCX	Buy	LAM RESEARCH CORP	$2,051,000	+349.8%	11,085	+243.9%	0.78%	+367.3%
AMAT	Buy	APPLIED MATLS INC	$1,980,000	+82.5%	38,008	+44.7%	0.76%	+89.5%
AXP	Sell	AMERICAN EXPRESS CO	$1,945,000	-0.9%	21,498	-7.7%	0.74%	+3.0%
INGR	Sell	INGREDION INC	$1,848,000	-2.8%	15,315	-4.0%	0.71%	+1.0%
KB	Buy	KB FINANCIAL GROUP INCsponsored adr	$1,818,000	+14.9%	37,075	+18.3%	0.70%	+19.4%
VC	Sell	VISTEON CORP	$1,801,000	-22.1%	14,552	-35.7%	0.69%	-19.0%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$1,796,000	+33.0%	49,030	+23.9%	0.69%	+38.4%
CFG	Buy	CITIZENS FINL GROUP INC	$1,775,000	+21.6%	46,879	+14.5%	0.68%	+26.2%
FB	Sell	FACEBOOK INCcl a	$1,747,000	+1.6%	10,223	-10.2%	0.67%	+5.7%
DIS	Sell	DISNEY WALT CO	$1,694,000	-20.1%	17,187	-13.8%	0.65%	-16.9%
CVS	Buy	CVS HEALTH CORP	$1,649,000	+15.4%	20,283	+14.2%	0.63%	+20.0%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$1,532,000	+0.5%	8,870	-18.0%	0.59%	+4.3%
VNTV	Buy	VANTIV INCcl a	$1,466,000	+36.2%	20,803	+22.5%	0.56%	+41.7%
BBY	Buy	BEST BUY INC	$1,420,000	+14.4%	24,921	+15.1%	0.54%	+19.0%
ORBK	Buy	ORBOTECH LTDord	$1,376,000	+42.1%	32,610	+9.9%	0.53%	+47.6%
VMW	Buy	VMWARE INC	$1,295,000	+101.1%	11,860	+60.9%	0.50%	+109.3%
UTHR	Buy	UNITED THERAPEUTICS CORP DEL	$1,215,000	-8.4%	10,370	+1.5%	0.46%	-4.7%
SSW	New	SEASPAN CORP	$1,049,000	–	147,890	–	0.40%	–
NUAN	Sell	NUANCE COMMUNICATIONS INC	$1,045,000	-20.1%	66,500	-11.5%	0.40%	-17.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,046,000	+19.1%	1,074	+13.8%	0.40%	+23.8%
TGT	New	TARGET CORP	$1,006,000	–	17,046	–	0.38%	–
HAS	New	HASBRO INC	$994,000	–	10,178	–	0.38%	–
TRV	Sell	TRAVELERS COMPANIES INC	$983,000	-25.5%	8,025	-23.0%	0.38%	-22.6%
THO	Sell	THOR INDS INC	$964,000	-19.5%	7,659	-33.2%	0.37%	-16.3%
T	Buy	AT&T INC	$936,000	+229.6%	23,888	+217.1%	0.36%	+241.0%
PH	Sell	PARKER HANNIFIN CORP	$934,000	-16.2%	5,337	-23.5%	0.36%	-12.7%
PRAH	Sell	PRA HEALTH SCIENCES INC	$907,000	-4.2%	11,911	-5.6%	0.35%	-0.6%
WDC	Sell	WESTERN DIGITAL CORP	$819,000	-32.3%	9,476	-30.6%	0.31%	-29.6%
YY	Buy	YY INC	$712,000	+64.8%	8,200	+10.2%	0.27%	+71.7%
DPS	Sell	DR PEPPER SNAPPLE GROUP INC	$674,000	-48.5%	7,624	-46.9%	0.26%	-46.5%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$618,000	+32.3%	26,208	+37.6%	0.24%	+37.8%
FANG	New	DIAMONDBACK ENERGY INC	$573,000	–	5,853	–	0.22%	–
SBGI	New	SINCLAIR BROADCAST GROUP INCcl a	$555,000	–	17,318	–	0.21%	–
SNY	Buy	SANOFIsponsored adr	$521,000	+25.8%	10,462	+21.2%	0.20%	+30.9%
PTEN	Sell	PATTERSON UTI ENERGY INC	$507,000	-24.1%	24,189	-26.9%	0.19%	-21.1%
GSK	Buy	GLAXOSMITHKLINE PLCsponsored adr	$496,000	-5.5%	12,206	+0.2%	0.19%	-1.6%
GPORQ	New	GULFPORT ENERGY CORP	$427,000	–	29,757	–	0.16%	–
ITUB	Sell	ITAU UNIBANCO HLDG SAspon adr rep pfd	$423,000	-96.2%	30,901	-96.9%	0.16%	-96.1%
MBT	New	MOBILE TELESYSTEMS PJSCsponsored adr	$417,000	–	39,980	–	0.16%	–
ENR	Sell	ENERGIZER HLDGS INC NEW	$408,000	-17.1%	8,854	-13.5%	0.16%	-13.8%
IX	Sell	ORIX CORPsponsored adr	$392,000	-11.3%	4,840	-14.7%	0.15%	-8.0%
CAT	New	CATERPILLAR INC DEL	$393,000	–	3,150	–	0.15%	–
ODP	Buy	OFFICE DEPOT INC	$386,000	+20.2%	84,981	+49.2%	0.15%	+25.4%
ANDV	New	ANDEAVOR	$371,000	–	3,594	–	0.14%	–
DEO	New	DIAGEO P L Cspon adr new	$326,000	–	2,471	–	0.12%	–
USFD	Buy	US FOODS HLDG CORP	$323,000	+46.8%	12,098	+49.7%	0.12%	+53.1%
ALSN	New	ALLISON TRANSMISSION HLDGS I	$298,000	–	7,931	–	0.11%	–
CRI	New	CARTER INC	$287,000	–	2,911	–	0.11%	–
M	Sell	MACYS INC	$283,000	-66.9%	12,972	-64.8%	0.11%	-65.7%
PFG	New	PRINCIPAL FINL GROUP INC	$282,000	–	4,377	–	0.11%	–
TIIAY	Buy	TELECOM ITALIA S P A NEWspon adr ord	$266,000	+49.4%	28,339	+49.2%	0.10%	+54.5%
SJM	New	SMUCKER J M CO	$263,000	–	2,510	–	0.10%	–
GE	Sell	GENERAL ELECTRIC CO	$253,000	-59.3%	10,449	-54.6%	0.10%	-57.6%
DCMYY	Sell	NTT DOCOMO INCspons adr	$213,000	-4.1%	9,344	-0.6%	0.08%	0.0%
SYY	New	SYSCO CORP	$212,000	–	3,925	–	0.08%	–
LSTR	New	LANDSTAR SYS INC	$212,000	–	2,128	–	0.08%	–
RELX	Sell	RELX PLCsponsored adr	$206,000	+1.0%	9,216	-0.9%	0.08%	+5.3%
AFG	New	AMERICAN FINL GROUP INC OHIO	$207,000	–	1,997	–	0.08%	–
COTV	New	COTIVITI HLDGS INC	$200,000	–	5,550	–	0.08%	–
CNX	New	CONSOL ENERGY INC	$172,000	–	10,160	–	0.07%	–
BCS	Sell	BARCLAYS PLCadr	$169,000	-2.9%	16,281	-0.8%	0.06%	+1.6%
NOK	New	NOKIA CORPsponsored adr	$143,000	–	23,855	–	0.06%	–
LII	Exit	LENNOX INTL INC	$0	–	-1,094	–	-0.07%	–
WBK	Exit	WESTPAC BKG CORPsponsored adr	$0	–	-8,708	–	-0.08%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-11,044	–	-0.10%	–
ENS	Exit	ENERSYS	$0	–	-4,028	–	-0.11%	–
XRX	Exit	XEROX CORP	$0	–	-10,411	–	-0.11%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-5,069	–	-0.12%	–
TSO	Exit	TESORO CORP	$0	–	-3,594	–	-0.12%	–
VRSN	Exit	VERISIGN INC	$0	–	-3,685	–	-0.13%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-6,295	–	-0.16%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOG	$0	–	-249,321	–	-1.68%	–

Q2 2017

			Value		Shares		↓ Weighting
NTES	New	NETEASE INCsponsored adr	$26,527,000	–	88,239	–	9.77%	–
EFA	New	ISHARES TRmsci eafe etf	$18,456,000	–	283,065	–	6.80%	–
TX	New	TERNIUM SAspon adr	$11,522,000	–	410,180	–	4.24%	–
ITUB	New	ITAU UNIBANCO HLDG SAspon adr rep pfd	$11,143,000	–	1,008,391	–	4.10%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$8,472,000	–	75,599	–	3.12%	–
ICLR	New	ICON PLC	$7,977,000	–	81,574	–	2.94%	–
AAPL	New	APPLE INC	$6,973,000	–	48,416	–	2.57%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,165,000	–	96,566	–	2.27%	–
AMGN	New	AMGEN INC	$5,246,000	–	30,461	–	1.93%	–
ROK	New	ROCKWELL AUTOMATION INC	$4,949,000	–	30,556	–	1.82%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$4,563,000	–	249,321	–	1.68%	–
BAC	New	BANK AMER CORP	$3,969,000	–	163,599	–	1.46%	–
AVGO	New	BROADCOM LTD	$3,937,000	–	16,892	–	1.45%	–
HOLX	New	HOLOGIC INC	$3,712,000	–	81,803	–	1.37%	–
HD	New	HOME DEPOT INC	$3,621,000	–	23,608	–	1.33%	–
EA	New	ELECTRONIC ARTS INC	$3,573,000	–	33,795	–	1.32%	–
JNJ	New	JOHNSON & JOHNSON	$3,526,000	–	26,656	–	1.30%	–
NOC	New	NORTHROP GRUMMAN CORP	$3,490,000	–	13,597	–	1.28%	–
CSCO	New	CISCO SYS INC	$3,442,000	–	109,956	–	1.27%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$3,417,000	–	31,323	–	1.26%	–
JPM	New	JPMORGAN CHASE & CO	$3,253,000	–	35,589	–	1.20%	–
PFE	New	PFIZER INC	$3,181,000	–	94,690	–	1.17%	–
BC	New	BRUNSWICK CORP	$3,172,000	–	50,571	–	1.17%	–
VLO	New	VALERO ENERGY CORP NEW	$3,077,000	–	45,611	–	1.13%	–
MSFT	New	MICROSOFT CORP	$2,949,000	–	42,779	–	1.09%	–
PVH	New	PVH CORP	$2,713,000	–	23,697	–	1.00%	–
GILD	New	GILEAD SCIENCES INC	$2,709,000	–	38,274	–	1.00%	–
RE	New	EVEREST RE GROUP LTD	$2,604,000	–	10,229	–	0.96%	–
VC	New	VISTEON CORP	$2,311,000	–	22,643	–	0.85%	–
DIS	New	DISNEY WALT CO	$2,119,000	–	19,948	–	0.78%	–
JNPR	New	JUNIPER NETWORKS INC	$2,104,000	–	75,450	–	0.78%	–
AXP	New	AMERICAN EXPRESS CO	$1,962,000	–	23,285	–	0.72%	–
MRK	New	MERCK & CO INC	$1,944,000	–	30,337	–	0.72%	–
TSN	New	TYSON FOODS INCcl a	$1,940,000	–	30,979	–	0.72%	–
INGR	New	INGREDION INC	$1,901,000	–	15,948	–	0.70%	–
AMP	New	AMERIPRISE FINL INC	$1,751,000	–	13,757	–	0.64%	–
FB	New	FACEBOOK INCcl a	$1,719,000	–	11,388	–	0.63%	–
CTXS	New	CITRIX SYS INC	$1,704,000	–	21,414	–	0.63%	–
EBAY	New	EBAY INC	$1,697,000	–	48,604	–	0.62%	–
IDXX	New	IDEXX LABS INC	$1,691,000	–	10,473	–	0.62%	–
BA	New	BOEING CO	$1,687,000	–	8,530	–	0.62%	–
AVY	New	AVERY DENNISON CORP	$1,599,000	–	18,091	–	0.59%	–
MSCI	New	MSCI INC	$1,597,000	–	15,505	–	0.59%	–
MAS	New	MASCO CORP	$1,595,000	–	41,740	–	0.59%	–
KB	New	KB FINANCIAL GROUP INCsponsored adr	$1,582,000	–	31,329	–	0.58%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,525,000	–	10,820	–	0.56%	–
CBS	New	CBS CORP NEWcl b	$1,483,000	–	23,249	–	0.55%	–
STI	New	SUNTRUST BKS INC	$1,472,000	–	25,946	–	0.54%	–
CFG	New	CITIZENS FINL GROUP INC	$1,460,000	–	40,929	–	0.54%	–
HON	New	HONEYWELL INTL INC	$1,438,000	–	10,786	–	0.53%	–
CVS	New	CVS HEALTH CORP	$1,429,000	–	17,763	–	0.53%	–
DFS	New	DISCOVER FINL SVCS	$1,372,000	–	22,056	–	0.50%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$1,350,000	–	39,580	–	0.50%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$1,326,000	–	10,219	–	0.49%	–
TRV	New	TRAVELERS COMPANIES INC	$1,319,000	–	10,426	–	0.49%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$1,309,000	–	14,362	–	0.48%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$1,308,000	–	75,124	–	0.48%	–
WAL	New	WESTERN ALLIANCE BANCORP	$1,250,000	–	25,406	–	0.46%	–
BBY	New	BEST BUY INC	$1,241,000	–	21,648	–	0.46%	–
INTC	New	INTEL CORP	$1,238,000	–	36,680	–	0.46%	–
SKM	New	SK TELECOM LTDsponsored adr	$1,221,000	–	47,578	–	0.45%	–
WDC	New	WESTERN DIGITAL CORP	$1,210,000	–	13,652	–	0.45%	–
THO	New	THOR INDS INC	$1,198,000	–	11,464	–	0.44%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$1,181,000	–	16,053	–	0.44%	–
TRU	New	TRANSUNION	$1,180,000	–	27,255	–	0.44%	–
PH	New	PARKER HANNIFIN CORP	$1,114,000	–	6,973	–	0.41%	–
CACC	New	CREDIT ACCEP CORP MICH	$1,093,000	–	4,251	–	0.40%	–
AMAT	New	APPLIED MATLS INC	$1,085,000	–	26,261	–	0.40%	–
VNTV	New	VANTIV INCcl a	$1,076,000	–	16,987	–	0.40%	–
JCOM	New	J2 GLOBAL INC	$1,059,000	–	12,445	–	0.39%	–
ITW	New	ILLINOIS TOOL WKS INC	$979,000	–	6,831	–	0.36%	–
ORBK	New	ORBOTECH LTDord	$968,000	–	29,670	–	0.36%	–
WOR	New	WORTHINGTON INDS INC	$960,000	–	19,106	–	0.35%	–
PRAH	New	PRA HEALTH SCIENCES INC	$947,000	–	12,624	–	0.35%	–
RES	New	RPC INC	$936,000	–	46,293	–	0.34%	–
ELS	New	EQUITY LIFESTYLE PPTYS INC	$909,000	–	10,525	–	0.34%	–
SPG	New	SIMON PPTY GROUP INC NEW	$880,000	–	5,441	–	0.32%	–
GOOGL	New	ALPHABET INCcap stk cl a	$878,000	–	944	–	0.32%	–
M	New	MACYS INC	$856,000	–	36,816	–	0.32%	–
WU	New	WESTERN UN CO	$826,000	–	43,338	–	0.30%	–
CELG	New	CELGENE CORP	$811,000	–	6,247	–	0.30%	–
AZPN	New	ASPEN TECHNOLOGY INC	$745,000	–	13,473	–	0.27%	–
AZO	New	AUTOZONE INC	$729,000	–	1,278	–	0.27%	–
VZ	New	VERIZON COMMUNICATIONS INC	$697,000	–	15,612	–	0.26%	–
MFA	New	MFA FINL INC	$680,000	–	80,998	–	0.25%	–
PG	New	PROCTER AND GAMBLE CO	$667,000	–	7,657	–	0.25%	–
PTEN	New	PATTERSON UTI ENERGY INC	$668,000	–	33,084	–	0.25%	–
VMW	New	VMWARE INC	$644,000	–	7,370	–	0.24%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$638,000	–	3,294	–	0.24%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$621,000	–	28,335	–	0.23%	–
GE	New	GENERAL ELECTRIC CO	$622,000	–	23,034	–	0.23%	–
MIK	New	MICHAELS COS INC	$589,000	–	31,821	–	0.22%	–
TCP	New	TC PIPELINES LP	$578,000	–	10,504	–	0.21%	–
UL	New	UNILEVER PLCspon adr new	$563,000	–	10,395	–	0.21%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$547,000	–	3,795	–	0.20%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$525,000	–	12,179	–	0.19%	–
RACE	New	FERRARI N V	$519,000	–	6,034	–	0.19%	–
BIIB	New	BIOGEN INC	$501,000	–	1,848	–	0.18%	–
ALL	New	ALLSTATE CORP	$491,000	–	5,552	–	0.18%	–
ENR	New	ENERGIZER HLDGS INC NEW	$492,000	–	10,240	–	0.18%	–
FDP	New	FRESH DEL MONTE PRODUCE INCord	$484,000	–	9,499	–	0.18%	–
C	New	CITIGROUP INC	$484,000	–	7,239	–	0.18%	–
PCLN	New	PRICELINE GRP INC	$470,000	–	251	–	0.17%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$467,000	–	19,040	–	0.17%	–
LRCX	New	LAM RESEARCH CORP	$456,000	–	3,223	–	0.17%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$444,000	–	125,737	–	0.16%	–
IX	New	ORIX CORPsponsored adr	$442,000	–	5,675	–	0.16%	–
YY	New	YY INC	$432,000	–	7,440	–	0.16%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$430,000	–	6,295	–	0.16%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$421,000	–	6,420	–	0.16%	–
SNY	New	SANOFIsponsored adr	$414,000	–	8,632	–	0.15%	–
CE	New	CELANESE CORP DEL	$407,000	–	4,288	–	0.15%	–
BXP	New	BOSTON PROPERTIES INC	$405,000	–	3,289	–	0.15%	–
CBT	New	CABOT CORP	$403,000	–	7,541	–	0.15%	–
WPP	New	WPP PLC NEWadr	$390,000	–	3,698	–	0.14%	–
PPL	New	PPL CORP	$386,000	–	9,990	–	0.14%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$384,000	–	3,825	–	0.14%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$379,000	–	4,667	–	0.14%	–
NCR	New	NCR CORP NEW	$375,000	–	9,182	–	0.14%	–
KSS	New	KOHLS CORP	$374,000	–	9,680	–	0.14%	–
LNC	New	LINCOLN NATL CORP IND	$366,000	–	5,421	–	0.14%	–
SAP	New	SAP SEspon adr	$363,000	–	3,468	–	0.13%	–
VRSN	New	VERISIGN INC	$343,000	–	3,685	–	0.13%	–
TSO	New	TESORO CORP	$336,000	–	3,594	–	0.12%	–
URI	New	UNITED RENTALS INC	$334,000	–	2,962	–	0.12%	–
PEP	New	PEPSICO INC	$334,000	–	2,891	–	0.12%	–
SNV	New	SYNOVUS FINL CORP	$325,000	–	7,350	–	0.12%	–
ODP	New	OFFICE DEPOT INC	$321,000	–	56,940	–	0.12%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$319,000	–	5,069	–	0.12%	–
ETR	New	ENTERGY CORP NEW	$315,000	–	4,106	–	0.12%	–
XRX	New	XEROX CORP	$299,000	–	10,411	–	0.11%	–
DDS	New	DILLARDS INCcl a	$298,000	–	5,173	–	0.11%	–
MON	New	MONSANTO CO NEW	$296,000	–	2,500	–	0.11%	–
ENS	New	ENERSYS	$292,000	–	4,028	–	0.11%	–
COP	New	CONOCOPHILLIPS	$293,000	–	6,666	–	0.11%	–
BRX	New	BRIXMOR PPTY GROUP INC	$294,000	–	16,449	–	0.11%	–
T	New	AT&T INC	$284,000	–	7,533	–	0.10%	–
DPZ	New	DOMINOS PIZZA INC	$276,000	–	1,305	–	0.10%	–
CUK	New	CARNIVAL PLCadr	$272,000	–	4,111	–	0.10%	–
PKX	New	POSCOsponsored adr	$270,000	–	4,306	–	0.10%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$267,000	–	7,629	–	0.10%	–
CHD	New	CHURCH & DWIGHT INC	$263,000	–	5,070	–	0.10%	–
LUMN	New	CENTURYLINK INC	$264,000	–	11,044	–	0.10%	–
AGO	New	ASSURED GUARANTY LTD	$254,000	–	6,076	–	0.09%	–
WEC	New	WEC ENERGY GROUP INC	$253,000	–	4,116	–	0.09%	–
MTZ	New	MASTEC INC	$243,000	–	5,381	–	0.09%	–
AFL	New	AFLAC INC	$236,000	–	3,032	–	0.09%	–
BHP	New	BHP BILLITON LTDsponsored adr	$231,000	–	6,494	–	0.08%	–
DCMYY	New	NTT DOCOMO INCspons adr	$222,000	–	9,401	–	0.08%	–
USFD	New	US FOODS HLDG CORP	$220,000	–	8,082	–	0.08%	–
MMM	New	3M CO	$219,000	–	1,054	–	0.08%	–
CR	New	CRANE CO	$219,000	–	2,761	–	0.08%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING IN	$216,000	–	19,907	–	0.08%	–
RELX	New	RELX PLCsponsored adr	$204,000	–	9,301	–	0.08%	–
WBK	New	WESTPAC BKG CORPsponsored adr	$204,000	–	8,708	–	0.08%	–
LII	New	LENNOX INTL INC	$201,000	–	1,094	–	0.07%	–
TIIAY	New	TELECOM ITALIA S P A NEWspon adr ord	$178,000	–	18,990	–	0.07%	–
BCS	New	BARCLAYS PLCadr	$174,000	–	16,415	–	0.06%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$117,000	–	12,310	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-30,416	–	-0.05%	–
AVVIY	Exit	AVIVA PLCadr	$0	–	-12,712	–	-0.05%	–
WBK	Exit	WESTPAC BKG CORPsponsored adr	$0	–	-9,109	–	-0.08%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-7,420	–	-0.08%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-3,549	–	-0.09%	–
LII	Exit	LENNOX INTL INC	$0	–	-1,644	–	-0.09%	–
DCMYY	Exit	NTT DOCOMO INCspons adr	$0	–	-8,762	–	-0.09%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-3,769	–	-0.09%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,249	–	-0.09%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-2,495	–	-0.09%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY	$0	–	-13,034	–	-0.10%	–
AMZN	Exit	AMAZON COM INC	$0	–	-401	–	-0.11%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-6,450	–	-0.12%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-10,459	–	-0.12%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-6,993	–	-0.12%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-2,667	–	-0.12%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-8,050	–	-0.12%	–
RDY	Exit	DR REDDYS LABS LTDadr	$0	–	-6,520	–	-0.12%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-19,040	–	-0.13%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-10,160	–	-0.13%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-8,253	–	-0.13%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-6,027	–	-0.14%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,667	–	-0.14%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-6,040	–	-0.14%	–
XRX	Exit	XEROX CORP	$0	–	-40,795	–	-0.14%	–
MON	Exit	MONSANTO CO NEW	$0	–	-3,750	–	-0.14%	–
ENR	Exit	ENERGIZER HLDGS INC NEW	$0	–	-7,530	–	-0.14%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,693	–	-0.15%	–
TSO	Exit	TESORO CORP	$0	–	-5,394	–	-0.15%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-4,843	–	-0.15%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-5,745	–	-0.15%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-2,527	–	-0.16%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-10,797	–	-0.16%	–
CE	Exit	CELANESE CORP DEL	$0	–	-6,448	–	-0.16%	–
BTTGY	Exit	BT GROUP PLCadr	$0	–	-16,116	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-4,341	–	-0.17%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-9,688	–	-0.17%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-4,392	–	-0.17%	–
NRZ	Exit	NEW RESIDENTIAL INVT CORP	$0	–	-34,380	–	-0.18%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-381	–	-0.18%	–
T	Exit	AT&T INC	$0	–	-11,313	–	-0.18%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,338	–	-0.19%	–
CBT	Exit	CABOT CORP	$0	–	-11,321	–	-0.19%	–
CB	Exit	CHUBB LIMITED	$0	–	-4,115	–	-0.20%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-6,390	–	-0.20%	–
CTAS	Exit	CINTAS CORP	$0	–	-5,525	–	-0.20%	–
PPL	Exit	PPL CORP	$0	–	-15,010	–	-0.21%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-19,220	–	-0.21%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-8,716	–	-0.21%	–
ALL	Exit	ALLSTATE CORP	$0	–	-8,342	–	-0.22%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-14,090	–	-0.22%	–
CVRR	Exit	CVR REFNG LP	$0	–	-76,385	–	-0.22%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-10,847	–	-0.24%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-29,137	–	-0.25%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-9,027	–	-0.26%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-973	–	-0.26%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-12,353	–	-0.27%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-10,809	–	-0.27%	–
CSRA	Exit	CSRA INC	$0	–	-31,270	–	-0.27%	–
CI	Exit	CIGNA CORPORATION	$0	–	-5,800	–	-0.28%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-6,708	–	-0.29%	–
STLD	Exit	STEEL DYNAMICS INC	$0	–	-31,619	–	-0.29%	–
C	Exit	CITIGROUP INC	$0	–	-18,884	–	-0.30%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-28,225	–	-0.33%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-8,443	–	-0.34%	–
THO	Exit	THOR INDS INC	$0	–	-14,290	–	-0.34%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-14,981	–	-0.35%	–
EBAY	Exit	EBAY INC	$0	–	-41,726	–	-0.36%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-21,214	–	-0.38%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-11,250	–	-0.38%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-18,895	–	-0.40%	–
BA	Exit	BOEING CO	$0	–	-8,392	–	-0.41%	–
MIK	Exit	MICHAELS COS INC	$0	–	-38,521	–	-0.41%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-23,681	–	-0.42%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-17,022	–	-0.42%	–
TRN	Exit	TRINITY INDS INC	$0	–	-62,352	–	-0.43%	–
M	Exit	MACYS INC	$0	–	-36,202	–	-0.45%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-49,345	–	-0.47%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-24,742	–	-0.50%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-17,777	–	-0.50%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-60,168	–	-0.50%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-25,328	–	-0.52%	–
NCR	Exit	NCR CORP NEW	$0	–	-50,488	–	-0.52%	–
BAC	Exit	BANK AMER CORP	$0	–	-107,372	–	-0.53%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-34,816	–	-0.53%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-6,630	–	-0.54%	–
CPN	Exit	CALPINE CORP	$0	–	-97,958	–	-0.54%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-7,998	–	-0.54%	–
VC	Exit	VISTEON CORP	$0	–	-22,533	–	-0.55%	–
SBNY	Exit	SIGNATURE BK NEW YORK N Y	$0	–	-11,964	–	-0.56%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-12,900	–	-0.56%	–
INTC	Exit	INTEL CORP	$0	–	-45,970	–	-0.56%	–
PVH	Exit	PVH CORP	$0	–	-16,067	–	-0.56%	–
MSCI	Exit	MSCI INC	$0	–	-19,674	–	-0.57%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-20,302	–	-0.57%	–
MAS	Exit	MASCO CORP	$0	–	-49,306	–	-0.57%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-53,242	–	-0.58%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-17,396	–	-0.58%	–
PSX	Exit	PHILLIPS 66	$0	–	-20,069	–	-0.59%	–
NAVI	Exit	NAVIENT CORP	$0	–	-134,631	–	-0.60%	–
SPNV	Exit	SUPERIOR ENERGY SVCS INC	$0	–	-91,834	–	-0.63%	–
MFA	Exit	MFA FINL INC	$0	–	-233,274	–	-0.63%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-21,572	–	-0.64%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-14,543	–	-0.65%	–
CCEP	Exit	COCA COLA EUROPEAN PARTNERS	$0	–	-44,173	–	-0.66%	–
AVGO	Exit	BROADCOM LTD	$0	–	-11,504	–	-0.67%	–
HOLX	Exit	HOLOGIC INC	$0	–	-52,480	–	-0.68%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-36,486	–	-0.70%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-30,610	–	-0.71%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-66,051	–	-0.72%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-109,125	–	-0.72%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-20,129	–	-0.73%	–
TGT	Exit	TARGET CORP	$0	–	-28,648	–	-0.75%	–
ICLR	Exit	ICON PLC	$0	–	-28,579	–	-0.75%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-85,740	–	-0.78%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-22,670	–	-0.79%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-44,615	–	-0.85%	–
MRK	Exit	MERCK & CO INC	$0	–	-39,626	–	-0.85%	–
ACGL	Exit	ARCH CAP GROUP LTDord	$0	–	-32,430	–	-0.87%	–
AZO	Exit	AUTOZONE INC	$0	–	-3,023	–	-0.90%	–
BFAM	Exit	BRIGHT HORIZONS FAM SOL IN D	$0	–	-36,403	–	-0.90%	–
DIS	Exit	DISNEY WALT CO	$0	–	-24,710	–	-0.90%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-155,959	–	-0.91%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-31,323	–	-0.92%	–
TX	Exit	TERNIUM SAspon adr	$0	–	-130,118	–	-0.94%	–
INGR	Exit	INGREDION INC	$0	–	-19,478	–	-0.94%	–
KR	Exit	KROGER CO	$0	–	-68,868	–	-0.94%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-284,673	–	-0.98%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-48,267	–	-1.01%	–
HD	Exit	HOME DEPOT INC	$0	–	-21,848	–	-1.04%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-74,932	–	-1.12%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-16,142	–	-1.34%	–
BC	Exit	BRUNSWICK CORP	$0	–	-81,460	–	-1.38%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-46,140	–	-1.44%	–
CSCO	Exit	CISCO SYS INC	$0	–	-136,220	–	-1.46%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-38,494	–	-1.65%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-47,595	–	-2.16%	–
AMGN	Exit	AMGEN INC	$0	–	-40,719	–	-2.31%	–
AAPL	Exit	APPLE INC	$0	–	-67,812	–	-2.42%	–
PFE	Exit	PFIZER INC	$0	–	-186,559	–	-2.45%	–
ITUB	Exit	ITAU UNIBANCO HLDG SAspon adr rep pfd	$0	–	-766,562	–	-2.72%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-80,231	–	-4.23%	–
FLEX	Exit	FLEX LTDord	$0	–	-1,431,827	–	-6.40%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-95,904	–	-7.10%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-440,567	–	-9.18%	–

Q3 2016

			Value		Shares		↓ Weighting
NTES	Sell	NETEASE INCsponsored adr	$19,012,000	+1.8%	95,904	-0.8%	7.10%	+0.4%
FLEX	Sell	FLEX LTDord	$17,142,000	+1.4%	1,431,827	-0.0%	6.40%	+0.1%
ITUB	Buy	ITAU UNIBANCO HLDG SAspon adr rep pfd	$7,284,000	+1.8%	766,562	+1.1%	2.72%	+0.4%
BC	Buy	BRUNSWICK CORP	$3,692,000	+0.0%	81,460	+0.0%	1.38%	-1.2%
AZPN	Sell	ASPEN TECHNOLOGY INC	$3,015,000	-0.1%	74,932	-0.0%	1.12%	-1.4%
BRCD	Sell	BROCADE COMMUNICATIONS SYS I	$2,613,000	-0.0%	284,673	-0.0%	0.98%	-1.3%
TX	Buy	TERNIUM SAspon adr	$2,504,000	+49.0%	130,118	+47.6%	0.94%	+47.2%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$2,437,000	0.0%	155,959	+0.0%	0.91%	-1.2%
ACGL	Sell	ARCH CAP GROUP LTDord	$2,335,000	0.0%	32,430	-0.0%	0.87%	-1.4%
XOM	Sell	EXXON MOBIL CORP	$2,125,000	-0.0%	22,670	-0.0%	0.79%	-1.4%
DOFSQ	Sell	DIAMOND OFFSHORE DRILLING IN	$2,086,000	0.0%	85,740	-0.0%	0.78%	-1.3%
TGT	Sell	TARGET CORP	$2,000,000	-0.0%	28,648	-0.0%	0.75%	-1.5%
RDC	Sell	ROWAN COMPANIES PLC	$1,927,000	-0.1%	109,125	-0.1%	0.72%	-1.4%
AVGO	Buy	BROADCOM LTD	$1,788,000	+0.1%	11,504	+0.0%	0.67%	-1.3%
CCEP	New	COCA COLA EUROPEAN PARTNERS	$1,763,000	–	44,173	–	0.66%	–
CTXS	Buy	CITRIX SYS INC	$1,728,000	+0.1%	21,572	+0.1%	0.64%	-1.2%
SPNV	Buy	SUPERIOR ENERGY SVCS INC	$1,691,000	+0.1%	91,834	+0.0%	0.63%	-1.3%
PSX	Sell	PHILLIPS 66	$1,592,000	-0.1%	20,069	-0.1%	0.59%	-1.3%
SBNY	Sell	SIGNATURE BK NEW YORK N Y	$1,495,000	0.0%	11,964	-0.1%	0.56%	-1.2%
VC	Buy	VISTEON CORP	$1,483,000	+0.1%	22,533	+0.0%	0.55%	-1.2%
STI	Sell	SUNTRUST BKS INC	$1,430,000	-0.1%	34,816	-0.0%	0.53%	-1.3%
CBS	Buy	CBS CORP NEWcl b	$1,379,000	+0.1%	25,328	+0.0%	0.52%	-1.2%
TRN	Sell	TRINITY INDS INC	$1,158,000	0.0%	62,352	-0.0%	0.43%	-1.4%
CI	Sell	CIGNA CORPORATION	$742,000	-0.3%	5,800	-0.3%	0.28%	-1.4%
CSRA	Sell	CSRA INC	$733,000	0.0%	31,270	-0.1%	0.27%	-1.1%
TSN	Buy	TYSON FOODS INCcl a	$722,000	+0.1%	10,809	+0.1%	0.27%	-1.5%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$684,000	0.0%	9,027	+0.1%	0.26%	-1.5%
PRAH	Sell	PRA HEALTH SCIENCES INC	$588,000	-0.2%	14,090	-0.1%	0.22%	-1.8%
WEC	Sell	WEC ENERGY GROUP INC	$569,000	-0.2%	8,716	-0.1%	0.21%	-1.9%
ORBK	New	ORBOTECH LTDord	$569,000	–	19,220	–	0.21%	–
CB	Sell	CHUBB LIMITED	$538,000	-0.2%	4,115	-0.1%	0.20%	-1.5%
CVS	Sell	CVS HEALTH CORP	$511,000	-0.2%	5,338	-0.1%	0.19%	-1.5%
NRZ	Sell	NEW RESIDENTIAL INVT CORP	$476,000	-0.2%	34,380	-0.3%	0.18%	-1.1%
UTHR	Buy	UNITED THERAPEUTICS CORP DEL	$465,000	0.0%	4,392	+0.0%	0.17%	-1.1%
PEP	Sell	PEPSICO INC	$460,000	0.0%	4,341	-0.0%	0.17%	-1.1%
BK	Sell	BANK NEW YORK MELLON CORP	$419,000	-0.2%	10,797	-0.2%	0.16%	-1.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$390,000	0.0%	2,693	-0.1%	0.15%	-0.7%
XRX	Buy	XEROX CORP	$387,000	0.0%	40,795	+0.1%	0.14%	-1.4%
COF	Sell	CAPITAL ONE FINL CORP	$384,000	-0.3%	6,040	-0.3%	0.14%	-2.1%
AXP	Buy	AMERICAN EXPRESS CO	$366,000	0.0%	6,027	+0.2%	0.14%	-0.7%
GSK	Buy	GLAXOSMITHKLINE PLCsponsored adr	$358,000	+1.4%	8,253	+1.3%	0.13%	+0.8%
EWBC	Sell	EAST WEST BANCORP INC	$347,000	-0.3%	10,160	-0.3%	0.13%	-1.5%
SNY	Sell	SANOFIsponsored adr	$336,000	-0.3%	8,050	-0.1%	0.12%	-1.6%
SEP	Buy	SPECTRA ENERGY PARTNERS LP	$330,000	+0.3%	6,993	+0.2%	0.12%	-0.8%
GDDY	Buy	GODADDY INCcl a	$326,000	+0.3%	10,459	+0.3%	0.12%	-0.8%
TM	Sell	TOYOTA MOTOR CORP	$250,000	-2.0%	2,495	-2.2%	0.09%	-3.1%
SAP	Buy	SAP SEspon adr	$246,000	+1.2%	3,249	+0.2%	0.09%	0.0%
IX	Buy	ORIX CORPsponsored adr	$243,000	+2.1%	3,769	+1.1%	0.09%	+1.1%
SSNC	Sell	SS&C TECHNOLOGIES HLDGS INC	$208,000	-0.5%	7,420	-0.3%	0.08%	-1.3%
AVVIY	Sell	AVIVA PLCadr	$136,000	-2.9%	12,712	-3.2%	0.05%	-3.8%
MUFG	Sell	MITSUBISHI UFJ FINL GROUP INsponsored adr	$135,000	-2.2%	30,416	-2.5%	0.05%	-3.8%
DEG	Exit	DELHAIZE GROUPsponsored adr	$0	–	-8,082	–	-0.08%	–

Q2 2016

			Value		Shares		↓ Weighting
EFA	New	ISHARES TRmsci eafe etf	$24,592,000	–	440,567	–	9.30%	–
NTES	New	NETEASE INCsponsored adr	$18,684,000	–	96,698	–	7.06%	–
FLEX	New	FLEXTRONICS INTL LTDord	$16,902,000	–	1,432,346	–	6.39%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$11,682,000	–	80,231	–	4.42%	–
ITUB	New	ITAU UNIBANCO HLDG SAspon adr rep pfd	$7,156,000	–	758,074	–	2.71%	–
PFE	New	PFIZER INC	$6,569,000	–	186,559	–	2.48%	–
AAPL	New	APPLE INC	$6,483,000	–	67,812	–	2.45%	–
AMGN	New	AMGEN INC	$6,195,000	–	40,719	–	2.34%	–
JNJ	New	JOHNSON & JOHNSON	$5,773,000	–	47,595	–	2.18%	–
ROK	New	ROCKWELL AUTOMATION INC	$4,420,000	–	38,494	–	1.67%	–
CSCO	New	CISCO SYS INC	$3,908,000	–	136,220	–	1.48%	–
GILD	New	GILEAD SCIENCES INC	$3,849,000	–	46,140	–	1.46%	–
BC	New	BRUNSWICK CORP	$3,691,000	–	81,453	–	1.40%	–
NOC	New	NORTHROP GRUMMAN CORP	$3,588,000	–	16,142	–	1.36%	–
AZPN	New	ASPEN TECHNOLOGY INC	$3,017,000	–	74,969	–	1.14%	–
HD	New	HOME DEPOT INC	$2,790,000	–	21,848	–	1.06%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,695,000	–	48,267	–	1.02%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$2,614,000	–	284,724	–	0.99%	–
KR	New	KROGER CO	$2,534,000	–	68,868	–	0.96%	–
INGR	New	INGREDION INC	$2,521,000	–	19,478	–	0.95%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$2,496,000	–	31,323	–	0.94%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$2,437,000	–	155,921	–	0.92%	–
DIS	New	DISNEY WALT CO	$2,417,000	–	24,710	–	0.91%	–
BFAM	New	BRIGHT HORIZONS FAM SOL IN D	$2,414,000	–	36,403	–	0.91%	–
AZO	New	AUTOZONE INC	$2,400,000	–	3,023	–	0.91%	–
ACGL	New	ARCH CAP GROUP LTDord	$2,335,000	–	32,433	–	0.88%	–
MRK	New	MERCK & CO INC	$2,283,000	–	39,626	–	0.86%	–
VLO	New	VALERO ENERGY CORP NEW	$2,275,000	–	44,615	–	0.86%	–
XOM	New	EXXON MOBIL CORP	$2,126,000	–	22,677	–	0.80%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING IN	$2,086,000	–	85,754	–	0.79%	–
TGT	New	TARGET CORP	$2,001,000	–	28,659	–	0.76%	–
ICLR	New	ICON PLC	$2,001,000	–	28,579	–	0.76%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$1,945,000	–	20,129	–	0.74%	–
RDC	New	ROWAN COMPANIES PLC	$1,929,000	–	109,257	–	0.73%	–
JPM	New	JPMORGAN CHASE & CO	$1,902,000	–	30,610	–	0.72%	–
MSFT	New	MICROSOFT CORP	$1,867,000	–	36,486	–	0.71%	–
HOLX	New	HOLOGIC INC	$1,816,000	–	52,480	–	0.69%	–
AVGO	New	BROADCOM LTD	$1,787,000	–	11,501	–	0.68%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$1,733,000	–	66,051	–	0.66%	–
TRV	New	TRAVELERS COMPANIES INC	$1,731,000	–	14,543	–	0.65%	–
CTXS	New	CITRIX SYS INC	$1,727,000	–	21,559	–	0.65%	–
MFA	New	MFA FINL INC	$1,696,000	–	233,274	–	0.64%	–
SPNV	New	SUPERIOR ENERGY SVCS INC	$1,690,000	–	91,813	–	0.64%	–
TX	New	TERNIUM SAspon adr	$1,680,000	–	88,160	–	0.64%	–
NAVI	New	NAVIENT CORP	$1,609,000	–	134,631	–	0.61%	–
PSX	New	PHILLIPS 66	$1,593,000	–	20,083	–	0.60%	–
AMP	New	AMERIPRISE FINL INC	$1,563,000	–	17,396	–	0.59%	–
LUMN	New	CENTURYLINK INC	$1,545,000	–	53,242	–	0.58%	–
MAS	New	MASCO CORP	$1,526,000	–	49,306	–	0.58%	–
MSCI	New	MSCI INC	$1,517,000	–	19,674	–	0.57%	–
AVY	New	AVERY DENNISON CORP	$1,518,000	–	20,302	–	0.57%	–
PVH	New	PVH CORP	$1,514,000	–	16,067	–	0.57%	–
INTC	New	INTEL CORP	$1,508,000	–	45,970	–	0.57%	–
HON	New	HONEYWELL INTL INC	$1,501,000	–	12,900	–	0.57%	–
SBNY	New	SIGNATURE BK NEW YORK N Y	$1,495,000	–	11,970	–	0.56%	–
VC	New	VISTEON CORP	$1,482,000	–	22,525	–	0.56%	–
RE	New	EVEREST RE GROUP LTD	$1,461,000	–	7,998	–	0.55%	–
CPN	New	CALPINE CORP	$1,445,000	–	97,958	–	0.55%	–
SPG	New	SIMON PPTY GROUP INC NEW	$1,438,000	–	6,630	–	0.54%	–
STI	New	SUNTRUST BKS INC	$1,431,000	–	34,825	–	0.54%	–
BAC	New	BANK AMER CORP	$1,425,000	–	107,372	–	0.54%	–
NCR	New	NCR CORP NEW	$1,402,000	–	50,488	–	0.53%	–
CBS	New	CBS CORP NEWcl b	$1,378,000	–	25,320	–	0.52%	–
JNPR	New	JUNIPER NETWORKS INC	$1,353,000	–	60,168	–	0.51%	–
EA	New	ELECTRONIC ARTS INC	$1,347,000	–	17,777	–	0.51%	–
DFS	New	DISCOVER FINL SVCS	$1,326,000	–	24,742	–	0.50%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$1,257,000	–	49,345	–	0.48%	–
M	New	MACYS INC	$1,217,000	–	36,202	–	0.46%	–
TRN	New	TRINITY INDS INC	$1,158,000	–	62,371	–	0.44%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$1,129,000	–	17,022	–	0.43%	–
WDC	New	WESTERN DIGITAL CORP	$1,119,000	–	23,681	–	0.42%	–
MIK	New	MICHAELS COS INC	$1,096,000	–	38,521	–	0.41%	–
BA	New	BOEING CO	$1,090,000	–	8,392	–	0.41%	–
VNTV	New	VANTIV INCcl a	$1,069,000	–	18,895	–	0.40%	–
WBC	New	WABCO HLDGS INC	$1,030,000	–	11,250	–	0.39%	–
WFC	New	WELLS FARGO & CO NEW	$1,004,000	–	21,214	–	0.38%	–
EBAY	New	EBAY INC	$977,000	–	41,726	–	0.37%	–
JCOM	New	J2 GLOBAL INC	$946,000	–	14,981	–	0.36%	–
THO	New	THOR INDS INC	$925,000	–	14,290	–	0.35%	–
PH	New	PARKER HANNIFIN CORP	$912,000	–	8,443	–	0.34%	–
GE	New	GENERAL ELECTRIC CO	$889,000	–	28,225	–	0.34%	–
C	New	CITIGROUP INC	$800,000	–	18,884	–	0.30%	–
STLD	New	STEEL DYNAMICS INC	$775,000	–	31,619	–	0.29%	–
FB	New	FACEBOOK INCcl a	$767,000	–	6,708	–	0.29%	–
CI	New	CIGNA CORPORATION	$744,000	–	5,815	–	0.28%	–
CSRA	New	CSRA INC	$733,000	–	31,297	–	0.28%	–
TSN	New	TYSON FOODS INCcl a	$721,000	–	10,798	–	0.27%	–
ALK	New	ALASKA AIR GROUP INC	$720,000	–	12,353	–	0.27%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$684,000	–	9,019	–	0.26%	–
GOOGL	New	ALPHABET INCcap stk cl a	$685,000	–	973	–	0.26%	–
BSX	New	BOSTON SCIENTIFIC CORP	$681,000	–	29,137	–	0.26%	–
DDS	New	DILLARDS INCcl a	$657,000	–	10,847	–	0.25%	–
CVRR	New	CVR REFNG LP	$592,000	–	76,385	–	0.22%	–
PRAH	New	PRA HEALTH SCIENCES INC	$589,000	–	14,099	–	0.22%	–
ALL	New	ALLSTATE CORP	$584,000	–	8,342	–	0.22%	–
WEC	New	WEC ENERGY GROUP INC	$570,000	–	8,723	–	0.22%	–
PPL	New	PPL CORP	$567,000	–	15,010	–	0.21%	–
PG	New	PROCTER & GAMBLE CO	$541,000	–	6,390	–	0.20%	–
CTAS	New	CINTAS CORP	$542,000	–	5,525	–	0.20%	–
CB	New	CHUBB LIMITED	$539,000	–	4,121	–	0.20%	–
CBT	New	CABOT CORP	$517,000	–	11,321	–	0.20%	–
CVS	New	CVS HEALTH CORP	$512,000	–	5,344	–	0.19%	–
T	New	AT&T INC	$489,000	–	11,313	–	0.18%	–
NRZ	New	NEW RESIDENTIAL INVT CORP	$477,000	–	34,470	–	0.18%	–
PCLN	New	PRICELINE GRP INC	$476,000	–	381	–	0.18%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$465,000	–	4,390	–	0.18%	–
UL	New	UNILEVER PLCspon adr new	$464,000	–	9,688	–	0.18%	–
PEP	New	PEPSICO INC	$460,000	–	4,342	–	0.17%	–
BTTGY	New	BT GROUP PLCadr	$449,000	–	16,116	–	0.17%	–
CE	New	CELANESE CORP DEL	$422,000	–	6,448	–	0.16%	–
BK	New	BANK NEW YORK MELLON CORP	$420,000	–	10,818	–	0.16%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$418,000	–	2,527	–	0.16%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$409,000	–	5,745	–	0.16%	–
LRCX	New	LAM RESEARCH CORP	$407,000	–	4,843	–	0.15%	–
TSO	New	TESORO CORP	$404,000	–	5,394	–	0.15%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$390,000	–	2,697	–	0.15%	–
MON	New	MONSANTO CO NEW	$388,000	–	3,750	–	0.15%	–
ENR	New	ENERGIZER HLDGS INC NEW	$388,000	–	7,530	–	0.15%	–
XRX	New	XEROX CORP	$387,000	–	40,737	–	0.15%	–
COF	New	CAPITAL ONE FINL CORP	$385,000	–	6,056	–	0.15%	–
KMB	New	KIMBERLY CLARK CORP	$367,000	–	2,667	–	0.14%	–
AXP	New	AMERICAN EXPRESS CO	$366,000	–	6,016	–	0.14%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$353,000	–	8,150	–	0.13%	–
EWBC	New	EAST WEST BANCORP INC	$348,000	–	10,187	–	0.13%	–
INFY	New	INFOSYS LTDsponsored adr	$340,000	–	19,040	–	0.13%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$336,000	–	2,667	–	0.13%	–
SNY	New	SANOFIsponsored adr	$337,000	–	8,059	–	0.13%	–
RDY	New	DR REDDYS LABS LTDadr	$334,000	–	6,520	–	0.13%	–
SEP	New	SPECTRA ENERGY PARTNERS LP	$329,000	–	6,978	–	0.12%	–
GDDY	New	GODADDY INCcl a	$325,000	–	10,426	–	0.12%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$324,000	–	6,450	–	0.12%	–
AMZN	New	AMAZON COM INC	$287,000	–	401	–	0.11%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY	$262,000	–	13,034	–	0.10%	–
TM	New	TOYOTA MOTOR CORP	$255,000	–	2,551	–	0.10%	–
SAP	New	SAP SEspon adr	$243,000	–	3,241	–	0.09%	–
IX	New	ORIX CORPsponsored adr	$238,000	–	3,728	–	0.09%	–
DCMYY	New	NTT DOCOMO INCspons adr	$237,000	–	8,762	–	0.09%	–
LII	New	LENNOX INTL INC	$234,000	–	1,644	–	0.09%	–
CMCSA	New	COMCAST CORP NEWcl a	$231,000	–	3,549	–	0.09%	–
DEG	New	DELHAIZE GROUPsponsored adr	$212,000	–	8,082	–	0.08%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$209,000	–	7,440	–	0.08%	–
WBK	New	WESTPAC BKG CORPsponsored adr	$201,000	–	9,109	–	0.08%	–
AVVIY	New	AVIVA PLCadr	$140,000	–	13,139	–	0.05%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$138,000	–	31,211	–	0.05%	–

Q4 2015

			Value		Shares		↓ Weighting
AVVIY	Exit	AVIVA PLCadr	$0	–	-10,499	–	-0.07%	–
IBN	Exit	ICICI BK LTDadr	$0	–	-17,600	–	-0.07%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-25,226	–	-0.07%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-39,765	–	-0.09%	–
XRX	Exit	XEROX CORP	$0	–	-20,164	–	-0.09%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-3,080	–	-0.10%	–
SKM	Exit	SK TELECOM LTDsponsored adr	$0	–	-8,884	–	-0.10%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY	$0	–	-10,794	–	-0.10%	–
STJ	Exit	ST JUDE MED INC	$0	–	-3,511	–	-0.11%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-2,207	–	-0.11%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-5,317	–	-0.11%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-5,778	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-4,200	–	-0.11%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-2,041	–	-0.11%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,207	–	-0.12%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-4,504	–	-0.12%	–
CALM	Exit	CAL MAINE FOODS INC	$0	–	-4,544	–	-0.12%	–
MSCI	Exit	MSCI INC	$0	–	-4,294	–	-0.12%	–
EPC	Exit	EDGEWELL PERS CARE CO	$0	–	-3,110	–	-0.12%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-5,434	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-2,799	–	-0.13%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-9,330	–	-0.13%	–
MON	Exit	MONSANTO CO NEW	$0	–	-3,110	–	-0.13%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-9,269	–	-0.14%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-5,137	–	-0.14%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,237	–	-0.14%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-6,439	–	-0.15%	–
T	Exit	AT&T INC	$0	–	-9,373	–	-0.15%	–
MRKT	Exit	MARKIT LTD	$0	–	-10,664	–	-0.15%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-7,758	–	-0.15%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-4,755	–	-0.16%	–
ACE	Exit	ACE LTD	$0	–	-3,411	–	-0.17%	–
MMM	Exit	3M CO	$0	–	-2,508	–	-0.17%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-5,016	–	-0.17%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,986	–	-0.18%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-7,223	–	-0.18%	–
CTAS	Exit	CINTAS CORP	$0	–	-4,575	–	-0.19%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-24,137	–	-0.19%	–
ALL	Exit	ALLSTATE CORP	$0	–	-6,912	–	-0.19%	–
BTTGY	Exit	BT GROUP PLCadr	$0	–	-6,438	–	-0.20%	–
V	Exit	VISA INC	$0	–	-6,320	–	-0.21%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-18,559	–	-0.22%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-12,429	–	-0.23%	–
HOLX	Exit	HOLOGIC INC	$0	–	-12,563	–	-0.24%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-7,113	–	-0.24%	–
GPS	Exit	GAP INC DEL	$0	–	-17,471	–	-0.24%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-5,558	–	-0.24%	–
HBI	Exit	HANESBRANDS INC	$0	–	-17,493	–	-0.24%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-8,787	–	-0.28%	–
CI	Exit	CIGNA CORPORATION	$0	–	-4,815	–	-0.31%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-9,103	–	-0.31%	–
ARLP	Exit	ALLIANCE RES PARTNER L Put ltd part	$0	–	-33,565	–	-0.36%	–
THO	Exit	THOR INDS INC	$0	–	-14,555	–	-0.36%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-10,233	–	-0.39%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-18,656	–	-0.39%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-26,977	–	-0.40%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-8,949	–	-0.42%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-10,420	–	-0.43%	–
HAL	Exit	HALLIBURTON CO	$0	–	-27,400	–	-0.46%	–
BA	Exit	BOEING CO	$0	–	-7,442	–	-0.47%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-27,425	–	-0.49%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-11,970	–	-0.50%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-51,130	–	-0.51%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-27,352	–	-0.52%	–
JCOM	Exit	J2 GLOBAL INC	$0	–	-15,954	–	-0.54%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-6,560	–	-0.58%	–
BC	Exit	BRUNSWICK CORP	$0	–	-26,277	–	-0.60%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-13,685	–	-0.62%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-79,731	–	-0.62%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-23,469	–	-0.64%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-12,849	–	-0.64%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-21,474	–	-0.67%	–
INTC	Exit	INTEL CORP	$0	–	-46,737	–	-0.67%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-56,092	–	-0.67%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,357	–	-0.69%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-18,325	–	-0.70%	–
RE	Exit	EVEREST RE GROUP LTD	$0	–	-8,456	–	-0.70%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-28,544	–	-0.71%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-29,079	–	-0.71%	–
CPN	Exit	CALPINE CORP	$0	–	-105,407	–	-0.74%	–
CVRR	Exit	CVR REFNG LP	$0	–	-83,005	–	-0.76%	–
NAVI	Exit	NAVIENT CORP	$0	–	-141,227	–	-0.76%	–
ICLR	Exit	ICON PLC	$0	–	-22,489	–	-0.76%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-20,227	–	-0.76%	–
MFA	Exit	MFA FINL INC	$0	–	-241,751	–	-0.79%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-16,594	–	-0.79%	–
SBNY	Exit	SIGNATURE BK NEW YORK N Y	$0	–	-12,271	–	-0.81%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-39,390	–	-0.83%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-39,215	–	-0.90%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-38,511	–	-0.91%	–
M	Exit	MACYS INC	$0	–	-37,388	–	-0.92%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-17,580	–	-0.92%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-20,654	–	-0.95%	–
ABBV	Exit	ABBVIE INC	$0	–	-36,772	–	-0.96%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-32,978	–	-0.96%	–
AZO	Exit	AUTOZONE INC	$0	–	-2,973	–	-1.03%	–
TGT	Exit	TARGET CORP	$0	–	-27,827	–	-1.05%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-33,712	–	-1.08%	–
MIK	Exit	MICHAELS COS INC	$0	–	-99,292	–	-1.10%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-52,769	–	-1.10%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-29,413	–	-1.12%	–
TRN	Exit	TRINITY INDS INC	$0	–	-105,939	–	-1.15%	–
BFAM	Exit	BRIGHT HORIZONS FAM SOL IN D	$0	–	-38,297	–	-1.18%	–
PSX	Exit	PHILLIPS 66	$0	–	-32,094	–	-1.18%	–
KR	Exit	KROGER CO	$0	–	-68,504	–	-1.18%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-44,889	–	-1.19%	–
HD	Exit	HOME DEPOT INC	$0	–	-21,602	–	-1.19%	–
SERV	Exit	SERVICEMASTER GLOBAL HLDGS I	$0	–	-74,865	–	-1.20%	–
DIS	Exit	DISNEY WALT CO	$0	–	-25,653	–	-1.25%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-63,861	–	-1.27%	–
C	Exit	CITIGROUP INC	$0	–	-53,488	–	-1.27%	–
ACGL	Exit	ARCH CAP GROUP LTDord	$0	–	-36,167	–	-1.27%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-16,338	–	-1.30%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-19,292	–	-1.33%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-46,776	–	-1.34%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-62,212	–	-1.38%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-95,662	–	-1.74%	–
CSCO	Exit	CISCO SYS INC	$0	–	-140,009	–	-1.76%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-25,771	–	-1.76%	–
ITUB	Exit	ITAU UNIBANCO HLDG SAspon adr rep pfd	$0	–	-602,920	–	-1.91%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-71,433	–	-1.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-49,029	–	-2.19%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-449,831	–	-2.23%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-48,041	–	-2.26%	–
PFE	Exit	PFIZER INC	$0	–	-152,092	–	-2.28%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-49,725	–	-2.41%	–
AMGN	Exit	AMGEN INC	$0	–	-43,081	–	-2.85%	–
AAPL	Exit	APPLE INC	$0	–	-71,433	–	-3.77%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-186,142	–	-10.70%	–

Q3 2015

			Value		Shares		↓ Weighting
NTES	Sell	NETEASE INCsponsored adr	$22,359,000	-34.1%	186,142	-20.5%	10.70%	-45.9%
AAPL	Buy	APPLE INC	$7,879,000	+81.4%	71,433	+106.3%	3.77%	+48.7%
AMGN	Buy	AMGEN INC	$5,959,000	+101.5%	43,081	+123.6%	2.85%	+65.2%
ROK	Buy	ROCKWELL AUTOMATION INC	$5,046,000	+164.7%	49,725	+225.1%	2.41%	+117.1%
PFE	Buy	PFIZER INC	$4,777,000	+331.5%	152,092	+360.8%	2.28%	+253.7%
GILD	Buy	GILEAD SCIENCES INC	$4,717,000	+121.9%	48,041	+164.6%	2.26%	+82.0%
BRCD	Buy	BROCADE COMMUNICATIONS SYS I	$4,669,000	+145.2%	449,831	+180.6%	2.23%	+101.1%
JNJ	Buy	JOHNSON & JOHNSON	$4,577,000	+104.6%	49,029	+113.6%	2.19%	+67.8%
EFA	Sell	ISHARES TRmsci eafe etf	$4,095,000	-76.0%	71,433	-73.5%	1.96%	-80.3%
ITUB	Buy	ITAU UNIBANCO HLDG SAspon adr rep pfd	$3,991,000	-33.5%	602,920	+0.0%	1.91%	-45.5%
TARO	Sell	TARO PHARMACEUTICAL INDS LTD	$3,682,000	-45.4%	25,771	-45.1%	1.76%	-55.2%
CSCO	Buy	CISCO SYS INC	$3,675,000	+77.8%	140,009	+86.0%	1.76%	+45.8%
AZPN	Buy	ASPEN TECHNOLOGY INC	$3,627,000	+62.1%	95,662	+94.7%	1.74%	+32.8%
MPC	Buy	MARATHON PETE CORP	$2,882,000	+75.3%	62,212	+98.0%	1.38%	+43.8%
VLO	Buy	VALERO ENERGY CORP NEW	$2,811,000	+94.5%	46,776	+102.7%	1.34%	+59.5%
JLL	Buy	JONES LANG LASALLE INC	$2,774,000	+231.4%	19,292	+294.0%	1.33%	+171.9%
NOC	Buy	NORTHROP GRUMMAN CORP	$2,711,000	+201.9%	16,338	+188.8%	1.30%	+147.5%
ACGL	Buy	ARCH CAP GROUP LTDord	$2,657,000	+158.2%	36,167	+135.4%	1.27%	+111.8%
C	Buy	CITIGROUP INC	$2,654,000	+613.4%	53,488	+694.8%	1.27%	+485.3%
ADM	Buy	ARCHER DANIELS MIDLAND CO	$2,647,000	+130.0%	63,861	+167.6%	1.27%	+88.7%
DIS	Buy	DISNEY WALT CO	$2,622,000	+98.8%	25,653	+122.0%	1.25%	+63.1%
SERV	Buy	SERVICEMASTER GLOBAL HLDGS I	$2,512,000	+231.4%	74,865	+257.4%	1.20%	+171.9%
HD	Buy	HOME DEPOT INC	$2,495,000	+139.0%	21,602	+129.9%	1.19%	+96.1%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$2,485,000	+124.5%	44,889	+102.8%	1.19%	+84.1%
KR	Buy	KROGER CO	$2,471,000	+73.6%	68,504	+74.6%	1.18%	+42.4%
PSX	Buy	PHILLIPS 66	$2,466,000	+132.2%	32,094	+143.4%	1.18%	+90.3%
BFAM	New	BRIGHT HORIZONS FAM SOL IN D	$2,460,000	–	38,297	–	1.18%	–
TRN	Buy	TRINITY INDS INC	$2,402,000	+237.8%	105,939	+294.1%	1.15%	+176.9%
WDC	Buy	WESTERN DIGITAL CORP	$2,337,000	+120.3%	29,413	+117.4%	1.12%	+80.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,296,000	+126.0%	52,769	+142.1%	1.10%	+85.2%
MIK	Buy	MICHAELS COS INC	$2,294,000	+82.2%	99,292	+112.2%	1.10%	+49.5%
MDT	Buy	MEDTRONIC PLC	$2,257,000	-2.4%	33,712	+8.0%	1.08%	-19.9%
TGT	Buy	TARGET CORP	$2,189,000	+189.6%	27,827	+200.3%	1.05%	+137.4%
AZO	Buy	AUTOZONE INC	$2,152,000	+130.2%	2,973	+112.1%	1.03%	+89.0%
JPM	Buy	JPMORGAN CHASE & CO	$2,011,000	+65.1%	32,978	+83.5%	0.96%	+35.3%
ABBV	Buy	ABBVIE INC	$2,001,000	+43.3%	36,772	+77.0%	0.96%	+17.6%
CVS	Buy	CVS HEALTH CORP	$1,993,000	+66.4%	20,654	+80.8%	0.95%	+36.3%
M	Buy	MACYS INC	$1,919,000	+9.7%	37,388	+44.2%	0.92%	-10.0%
AMP	Buy	AMERIPRISE FINL INC	$1,919,000	+53.3%	17,580	+75.4%	0.92%	+25.8%
MRK	Buy	MERCK & CO INC NEW	$1,902,000	+121.9%	38,511	+155.8%	0.91%	+82.0%
DD	Buy	DU PONT E I DE NEMOURS & CO	$1,890,000	+49.5%	39,215	+98.3%	0.90%	+22.7%
MSFT	Buy	MICROSOFT CORP	$1,743,000	+99.4%	39,390	+99.0%	0.83%	+63.5%
SBNY	Buy	SIGNATURE BK NEW YORK N Y	$1,688,000	+74.7%	12,271	+85.9%	0.81%	+43.3%
TRV	Buy	TRAVELERS COMPANIES INC	$1,652,000	+218.3%	16,594	+209.0%	0.79%	+160.7%
MFA	Buy	MFA FINL INC	$1,646,000	+130.5%	241,751	+150.3%	0.79%	+88.7%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC	$1,599,000	+129.7%	20,227	+111.7%	0.76%	+88.4%
ICLR	Buy	ICON PLC	$1,596,000	+5.6%	22,489	+0.1%	0.76%	-13.3%
CVRR	Buy	CVR REFNG LP	$1,587,000	+641.6%	83,005	+610.8%	0.76%	+507.2%
NAVI	Buy	NAVIENT CORP	$1,587,000	+24.0%	141,227	+101.0%	0.76%	+1.6%
CPN	Buy	CALPINE CORP	$1,539,000	+265.6%	105,407	+350.2%	0.74%	+199.2%
WFC	Buy	WELLS FARGO & CO NEW	$1,493,000	+58.5%	29,079	+73.6%	0.71%	+29.8%
DFS	Buy	DISCOVER FINL SVCS	$1,484,000	+179.5%	28,544	+209.6%	0.71%	+129.0%
RE	Buy	EVEREST RE GROUP LTD	$1,466,000	+100.5%	8,456	+110.6%	0.70%	+64.6%
XOM	Sell	EXXON MOBIL CORP	$1,439,000	-20.5%	19,357	-11.1%	0.69%	-34.9%
INTC	Buy	INTEL CORP	$1,409,000	+79.0%	46,737	+80.7%	0.67%	+46.8%
LUMN	Buy	CENTURYLINK INC	$1,409,000	+75.7%	56,092	+105.4%	0.67%	+44.0%
LRCX	Buy	LAM RESEARCH CORP	$1,403,000	+79.4%	21,474	+123.4%	0.67%	+47.1%
WBC	Buy	WABCO HLDGS INC	$1,347,000	+147.6%	12,849	+192.0%	0.64%	+103.2%
AVY	Buy	AVERY DENNISON CORP	$1,328,000	+187.4%	23,469	+209.6%	0.64%	+135.2%
NUAN	New	NUANCE COMMUNICATIONS INC	$1,305,000	–	79,731	–	0.62%	–
HON	Buy	HONEYWELL INTL INC	$1,296,000	+100.3%	13,685	+115.6%	0.62%	+64.5%
BC	New	BRUNSWICK CORP	$1,258,000	–	26,277	–	0.60%	–
SPG	Buy	SIMON PPTY GROUP INC NEW	$1,205,000	+108.8%	6,560	+96.6%	0.58%	+70.9%
JCOM	Buy	J2 GLOBAL INC	$1,130,000	+124.2%	15,954	+115.3%	0.54%	+84.0%
CBS	Buy	CBS CORP NEWcl b	$1,091,000	+63.6%	27,352	+127.6%	0.52%	+34.2%
PPC	Buy	PILGRIMS PRIDE CORP NEW	$1,062,000	+284.8%	51,130	+326.1%	0.51%	+215.5%
DDS	Buy	DILLARDS INCcl a	$1,046,000	+8.8%	11,970	+31.0%	0.50%	-10.9%
BEN	Buy	FRANKLIN RES INC	$1,022,000	+26.2%	27,425	+66.0%	0.49%	+3.4%
BA	Buy	BOEING CO	$975,000	+14.7%	7,442	+21.5%	0.47%	-6.0%
HAL	New	HALLIBURTON CO	$969,000	–	27,400	–	0.46%	–
NXPI	Sell	NXP SEMICONDUCTORS N V	$907,000	-65.7%	10,420	-61.3%	0.43%	-71.8%
PH	Buy	PARKER HANNIFIN CORP	$871,000	+75.3%	8,949	+109.3%	0.42%	+43.8%
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$832,000	–	26,977	–	0.40%	–
WNR	New	WESTERN REFNG INC	$823,000	–	18,656	–	0.39%	–
ALK	Buy	ALASKA AIR GROUP INC	$813,000	+23.4%	10,233	+0.0%	0.39%	+1.3%
THO	Buy	THOR INDS INC	$754,000	+67.6%	14,555	+82.1%	0.36%	+37.3%
ARLP	Buy	ALLIANCE RES PARTNER L Put ltd part	$747,000	+86.8%	33,565	+109.5%	0.36%	+53.2%
PG	Buy	PROCTER & GAMBLE CO	$655,000	+104.7%	9,103	+122.3%	0.31%	+67.4%
HBI	Sell	HANESBRANDS INC	$506,000	-82.8%	17,493	-80.2%	0.24%	-85.9%
FB	Buy	FACEBOOK INCcl a	$500,000	+77.3%	5,558	+68.8%	0.24%	+44.8%
GPS	Buy	GAP INC DEL	$498,000	+132.7%	17,471	+212.0%	0.24%	+90.4%
BTTGY	Buy	BT GROUP PLCadr	$410,000	-9.3%	6,438	+1.0%	0.20%	-25.8%
ALL	Sell	ALLSTATE CORP	$403,000	-27.1%	6,912	-18.9%	0.19%	-40.2%
AXP	Sell	AMERICAN EXPRESS CO	$370,000	-29.8%	4,986	-26.5%	0.18%	-42.3%
UL	Buy	UNILEVER PLCspon adr new	$316,000	+12.9%	7,758	+18.9%	0.15%	-7.4%
MRKT	New	MARKIT LTD	$309,000	–	10,664	–	0.15%	–
T	New	AT&T INC	$305,000	–	9,373	–	0.15%	–
SNY	Sell	SANOFIsponsored adr	$306,000	-28.3%	6,439	-25.3%	0.15%	-41.4%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$292,000	-48.1%	2,237	-45.9%	0.14%	-57.3%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$290,000	-39.1%	5,137	-36.2%	0.14%	-50.0%
PEP	Sell	PEPSICO INC	$264,000	-45.8%	2,799	-46.3%	0.13%	-55.6%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$258,000	-40.7%	5,434	-28.9%	0.12%	-51.6%
MSCI	New	MSCI INC	$255,000	–	4,294	–	0.12%	–
CALM	New	CAL MAINE FOODS INC	$248,000	–	4,544	–	0.12%	–
NVO	Sell	NOVO-NORDISK A Sadr	$244,000	-28.2%	4,504	-27.5%	0.12%	-40.9%
TM	Sell	TOYOTA MOTOR CORP	$239,000	-35.1%	2,041	-25.8%	0.11%	-47.0%
CMCSA	Sell	COMCAST CORP NEWcl a	$239,000	-68.5%	4,200	-66.7%	0.11%	-74.2%
IDTI	New	INTEGRATED DEVICE TECHNOLOGY	$219,000	–	10,794	–	0.10%	–
SKM	Sell	SK TELECOM LTDsponsored adr	$217,000	-60.3%	8,884	-59.7%	0.10%	-67.4%
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$216,000	–	3,080	–	0.10%	–
LYG	Sell	LLOYDS BANKING GROUP PLCsponsored adr	$183,000	-33.5%	39,765	-21.5%	0.09%	-45.0%
MUFG	Sell	MITSUBISHI UFJ FINL GROUP INsponsored adr	$154,000	-57.3%	25,226	-49.5%	0.07%	-64.9%
AVVIY	Buy	AVIVA PLCadr	$144,000	-11.1%	10,499	+1.0%	0.07%	-27.4%
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-22,891	–	-0.09%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,210	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-7,593	–	-0.12%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-6,922	–	-0.12%	–
AMFW	Exit	AMEC FOSTER WHEELER PLCsponsored adr	$0	–	-16,585	–	-0.12%	–
IX	Exit	ORIX CORPsponsored adr	$0	–	-2,948	–	-0.13%	–
GMKYY	Exit	GRUMA SAB DE CVspon adr cl b	$0	–	-4,338	–	-0.13%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,240	–	-0.13%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-3,441	–	-0.14%	–
NICE	Exit	NICE SYS LTDsponsored adr	$0	–	-4,022	–	-0.15%	–
BLL	Exit	BALL CORP	$0	–	-3,912	–	-0.16%	–
DEG	Exit	DELHAIZE GROUPsponsored adr	$0	–	-13,844	–	-0.17%	–
A309PS	Exit	DIRECTV	$0	–	-3,210	–	-0.17%	–
BP	Exit	BP PLCsponsored adr	$0	–	-7,735	–	-0.18%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-8,992	–	-0.22%	–
USB	Exit	US BANCORP DEL	$0	–	-9,160	–	-0.23%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,354	–	-0.24%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-9,375	–	-0.32%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-7,410	–	-0.40%	–
EWC	Exit	ISHARESmsci cda etf	$0	–	-30,224	–	-0.47%	–
ORCL	Exit	ORACLE CORP	$0	–	-27,836	–	-0.66%	–
BIIB	Exit	BIOGEN INC	$0	–	-4,206	–	-0.99%	–

Q2 2015

			Value		Shares		↓ Weighting
NTES	New	NETEASE INCsponsored adr	$33,904,000	–	234,040	–	19.78%	–
EFA	New	ISHARES TRmsci eafe etf	$17,084,000	–	269,078	–	9.97%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$6,746,000	–	46,948	–	3.94%	–
ITUB	New	ITAU UNIBANCO HLDG SAspon adr rep pfd	$6,000,000	–	602,759	–	3.50%	–
AAPL	New	APPLE INC	$4,343,000	–	34,629	–	2.53%	–
AMGN	New	AMGEN INC	$2,958,000	–	19,265	–	1.73%	–
HBI	New	HANESBRANDS INC	$2,938,000	–	88,178	–	1.71%	–
NXPI	New	NXP SEMICONDUCTORS N V	$2,642,000	–	26,900	–	1.54%	–
MDT	New	MEDTRONIC PLC	$2,313,000	–	31,211	–	1.35%	–
AZPN	New	ASPEN TECHNOLOGY INC	$2,238,000	–	49,122	–	1.31%	–
JNJ	New	JOHNSON & JOHNSON	$2,237,000	–	22,954	–	1.30%	–
GILD	New	GILEAD SCIENCES INC	$2,126,000	–	18,156	–	1.24%	–
CSCO	New	CISCO SYS INC	$2,067,000	–	75,265	–	1.21%	–
ROK	New	ROCKWELL AUTOMATION INC	$1,906,000	–	15,295	–	1.11%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$1,904,000	–	160,288	–	1.11%	–
XOM	New	EXXON MOBIL CORP	$1,811,000	–	21,769	–	1.06%	–
M	New	MACYS INC	$1,749,000	–	25,923	–	1.02%	–
BIIB	New	BIOGEN INC	$1,699,000	–	4,206	–	0.99%	–
MPC	New	MARATHON PETE CORP	$1,644,000	–	31,422	–	0.96%	–
ICLR	New	ICON PLC	$1,511,000	–	22,457	–	0.88%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$1,458,000	–	18,325	–	0.85%	–
VLO	New	VALERO ENERGY CORP NEW	$1,445,000	–	23,078	–	0.84%	–
KR	New	KROGER CO	$1,423,000	–	39,236	–	0.83%	–
ABBV	New	ABBVIE INC	$1,396,000	–	20,779	–	0.81%	–
DIS	New	DISNEY WALT CO	$1,319,000	–	11,555	–	0.77%	–
NAVI	New	NAVIENT CORP	$1,280,000	–	70,266	–	0.75%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,264,000	–	19,773	–	0.74%	–
MIK	New	MICHAELS COS INC	$1,259,000	–	46,786	–	0.73%	–
AMP	New	AMERIPRISE FINL INC	$1,252,000	–	10,020	–	0.73%	–
JPM	New	JPMORGAN CHASE & CO	$1,218,000	–	17,974	–	0.71%	–
CVS	New	CVS HEALTH CORP	$1,198,000	–	11,422	–	0.70%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,151,000	–	23,867	–	0.67%	–
ORCL	New	ORACLE CORP	$1,122,000	–	27,836	–	0.66%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,107,000	–	22,133	–	0.65%	–
PFE	New	PFIZER INC	$1,107,000	–	33,007	–	0.65%	–
PSX	New	PHILLIPS 66	$1,062,000	–	13,184	–	0.62%	–
WDC	New	WESTERN DIGITAL CORP	$1,061,000	–	13,529	–	0.62%	–
HD	New	HOME DEPOT INC	$1,044,000	–	9,397	–	0.61%	–
ACGL	New	ARCH CAP GROUP LTDord	$1,029,000	–	15,365	–	0.60%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,016,000	–	21,792	–	0.59%	–
SBNY	New	SIGNATURE BK NEW YORK N Y	$966,000	–	6,602	–	0.56%	–
DDS	New	DILLARDS INCcl a	$961,000	–	9,140	–	0.56%	–
WFC	New	WELLS FARGO & CO NEW	$942,000	–	16,754	–	0.55%	–
AZO	New	AUTOZONE INC	$935,000	–	1,402	–	0.54%	–
NOC	New	NORTHROP GRUMMAN CORP	$898,000	–	5,658	–	0.52%	–
MSFT	New	MICROSOFT CORP	$874,000	–	19,798	–	0.51%	–
MRK	New	MERCK & CO INC NEW	$857,000	–	15,057	–	0.50%	–
BA	New	BOEING CO	$850,000	–	6,126	–	0.50%	–
JLL	New	JONES LANG LASALLE INC	$837,000	–	4,896	–	0.49%	–
BEN	New	FRANKLIN RES INC	$810,000	–	16,526	–	0.47%	–
EWC	New	ISHARESmsci cda etf	$806,000	–	30,224	–	0.47%	–
LUMN	New	CENTURYLINK INC	$802,000	–	27,314	–	0.47%	–
INTC	New	INTEL CORP	$787,000	–	25,860	–	0.46%	–
LRCX	New	LAM RESEARCH CORP	$782,000	–	9,613	–	0.46%	–
CI	New	CIGNA CORPORATION	$780,000	–	4,815	–	0.46%	–
SERV	New	SERVICEMASTER GLOBAL HLDGS I	$758,000	–	20,950	–	0.44%	–
CMCSA	New	COMCAST CORP NEWcl a	$758,000	–	12,601	–	0.44%	–
TGT	New	TARGET CORP	$756,000	–	9,266	–	0.44%	–
RE	New	EVEREST RE GROUP LTD	$731,000	–	4,016	–	0.43%	–
MFA	New	MFA FINL INC	$714,000	–	96,573	–	0.42%	–
TRN	New	TRINITY INDS INC	$711,000	–	26,884	–	0.42%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$696,000	–	9,554	–	0.41%	–
COL	New	ROCKWELL COLLINS INC	$684,000	–	7,410	–	0.40%	–
CBS	New	CBS CORP NEWcl b	$667,000	–	12,015	–	0.39%	–
ALK	New	ALASKA AIR GROUP INC	$659,000	–	10,232	–	0.38%	–
HON	New	HONEYWELL INTL INC	$647,000	–	6,348	–	0.38%	–
SLB	New	SCHLUMBERGER LTD	$613,000	–	7,113	–	0.36%	–
EA	New	ELECTRONIC ARTS INC	$584,000	–	8,787	–	0.34%	–
SPG	New	SIMON PPTY GROUP INC NEW	$577,000	–	3,336	–	0.34%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$563,000	–	4,133	–	0.33%	–
EWBC	New	EAST WEST BANCORP INC	$557,000	–	12,429	–	0.32%	–
LNC	New	LINCOLN NATL CORP IND	$555,000	–	9,375	–	0.32%	–
ALL	New	ALLSTATE CORP	$553,000	–	8,527	–	0.32%	–
SKM	New	SK TELECOM LTDsponsored adr	$547,000	–	22,050	–	0.32%	–
WBC	New	WABCO HLDGS INC	$544,000	–	4,400	–	0.32%	–
DFS	New	DISCOVER FINL SVCS	$531,000	–	9,220	–	0.31%	–
AXP	New	AMERICAN EXPRESS CO	$527,000	–	6,781	–	0.31%	–
TRV	New	TRAVELERS COMPANIES INC	$519,000	–	5,370	–	0.30%	–
JCOM	New	J2 GLOBAL INC	$504,000	–	7,411	–	0.29%	–
PH	New	PARKER HANNIFIN CORP	$497,000	–	4,276	–	0.29%	–
MENT	New	MENTOR GRAPHICS CORP	$491,000	–	18,559	–	0.29%	–
PEP	New	PEPSICO INC	$487,000	–	5,216	–	0.28%	–
HOLX	New	HOLOGIC INC	$478,000	–	12,563	–	0.28%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$476,000	–	8,055	–	0.28%	–
AVY	New	AVERY DENNISON CORP	$462,000	–	7,580	–	0.27%	–
BTTGY	New	BT GROUP PLCadr	$452,000	–	6,373	–	0.26%	–
THO	New	THOR INDS INC	$450,000	–	7,995	–	0.26%	–
COF	New	CAPITAL ONE FINL CORP	$441,000	–	5,016	–	0.26%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$435,000	–	7,639	–	0.25%	–
BSX	New	BOSTON SCIENTIFIC CORP	$427,000	–	24,137	–	0.25%	–
SNY	New	SANOFIsponsored adr	$427,000	–	8,624	–	0.25%	–
V	New	VISA INC	$424,000	–	6,320	–	0.25%	–
CPN	New	CALPINE CORP	$421,000	–	23,411	–	0.25%	–
AGN	New	ALLERGAN PLC	$411,000	–	1,354	–	0.24%	–
EPC	New	EDGEWELL PERS CARE CO	$409,000	–	3,110	–	0.24%	–
ARLP	New	ALLIANCE RES PARTNER L Put ltd part	$400,000	–	16,024	–	0.23%	–
USB	New	US BANCORP DEL	$398,000	–	9,160	–	0.23%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$389,000	–	4,755	–	0.23%	–
CTAS	New	CINTAS CORP	$387,000	–	4,575	–	0.23%	–
MMM	New	3M CO	$387,000	–	2,508	–	0.23%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$375,000	–	8,992	–	0.22%	–
C	New	CITIGROUP INC	$372,000	–	6,730	–	0.22%	–
TM	New	TOYOTA MOTOR CORP	$368,000	–	2,750	–	0.22%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$361,000	–	49,933	–	0.21%	–
ACE	New	ACE LTD	$347,000	–	3,411	–	0.20%	–
VIAB	New	VIACOM INC NEWcl b	$344,000	–	5,317	–	0.20%	–
NVO	New	NOVO-NORDISK A Sadr	$340,000	–	6,212	–	0.20%	–
MON	New	MONSANTO CO NEW	$331,000	–	3,110	–	0.19%	–
WEC	New	WEC ENERGY GROUP INC	$325,000	–	7,223	–	0.19%	–
PG	New	PROCTER & GAMBLE CO	$320,000	–	4,095	–	0.19%	–
BP	New	BP PLCsponsored adr	$309,000	–	7,735	–	0.18%	–
A309PS	New	DIRECTV	$298,000	–	3,210	–	0.17%	–
DEG	New	DELHAIZE GROUPsponsored adr	$286,000	–	13,844	–	0.17%	–
FB	New	FACEBOOK INCcl a	$282,000	–	3,292	–	0.16%	–
UL	New	UNILEVER PLCspon adr new	$280,000	–	6,525	–	0.16%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$276,000	–	12,000	–	0.16%	–
BLL	New	BALL CORP	$274,000	–	3,912	–	0.16%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$275,000	–	50,638	–	0.16%	–
SEP	New	SPECTRA ENERGY PARTNERS LP	$266,000	–	5,778	–	0.16%	–
PBF	New	PBF ENERGY INCcl a	$265,000	–	9,330	–	0.16%	–
STJ	New	ST JUDE MED INC	$257,000	–	3,511	–	0.15%	–
NICE	New	NICE SYS LTDsponsored adr	$256,000	–	4,022	–	0.15%	–
CRL	New	CHARLES RIV LABS INTL INC	$242,000	–	3,441	–	0.14%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$241,000	–	2,207	–	0.14%	–
KMB	New	KIMBERLY CLARK CORP	$234,000	–	2,207	–	0.14%	–
WMT	New	WAL-MART STORES INC	$230,000	–	3,240	–	0.13%	–
ATVI	New	ACTIVISION BLIZZARD INC	$224,000	–	9,269	–	0.13%	–
GMKYY	New	GRUMA SAB DE CVspon adr cl b	$223,000	–	4,338	–	0.13%	–
IX	New	ORIX CORPsponsored adr	$220,000	–	2,948	–	0.13%	–
XRX	New	XEROX CORP	$215,000	–	20,164	–	0.12%	–
AMFW	New	AMEC FOSTER WHEELER PLCsponsored adr	$214,000	–	16,585	–	0.12%	–
GPS	New	GAP INC DEL	$214,000	–	5,600	–	0.12%	–
CVRR	New	CVR REFNG LP	$214,000	–	11,677	–	0.12%	–
HPQ	New	HEWLETT PACKARD CO	$208,000	–	6,922	–	0.12%	–
GE	New	GENERAL ELECTRIC CO	$202,000	–	7,593	–	0.12%	–
QCOM	New	QUALCOMM INC	$201,000	–	3,210	–	0.12%	–
IBN	New	ICICI BK LTDadr	$183,000	–	17,600	–	0.11%	–
AVVIY	New	AVIVA PLCadr	$162,000	–	10,394	–	0.10%	–
NOK	New	NOKIA CORPsponsored adr	$157,000	–	22,891	–	0.09%	–

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