EFG Asset Management (Americas) Corp. Activity Q4 2013-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$22,129,485	-7.1%	70,036	+0.1%	5.31%	-3.8%
IWM	Buy	ISHARES TRrussell 2000 etf	$15,705,266	-0.7%	88,863	+5.3%	3.77%	+2.9%
GOOG	Buy	ALPHABET INCcap stk cl c	$14,062,685	+25.2%	106,546	+14.7%	3.37%	+29.7%
AAPL	Sell	APPLE INC	$13,390,155	-12.5%	78,160	-0.9%	3.21%	-9.3%
AMZN	Buy	AMAZON COM INC	$12,781,583	+1.6%	100,384	+4.0%	3.06%	+5.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$12,104,325	-0.2%	30,552	-0.9%	2.90%	+3.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$12,092,030	+3.4%	24,000	-1.4%	2.90%	+7.1%
VRSK	Sell	VERISK ANALYTICS INC	$11,747,035	+2.1%	49,675	-2.4%	2.82%	+5.8%
JNJ	Sell	JOHNSON & JOHNSON	$9,273,741	-6.5%	59,512	-0.7%	2.22%	-3.1%
CME	Sell	CME GROUP INC	$9,257,572	+8.0%	46,217	-0.1%	2.22%	+11.9%
PEP	Sell	PEPSICO INC	$8,663,781	-9.2%	51,099	-0.8%	2.08%	-5.9%
TSLA	Sell	TESLA INC	$7,277,524	-4.5%	29,049	-0.2%	1.74%	-1.1%
JPM	Sell	JPMORGAN CHASE & CO	$7,202,242	-0.9%	49,650	-0.6%	1.73%	+2.7%
DHR	Buy	DANAHER CORPORATION	$6,959,113	+53.2%	28,035	+48.1%	1.67%	+58.7%
OTIS	Buy	OTIS WORLDWIDE CORP	$6,518,057	-9.2%	81,128	+0.6%	1.56%	-6.0%
FTV	Buy	FORTIVE CORP	$6,516,515	-0.6%	87,843	+0.2%	1.56%	+3.0%
NFLX	Sell	NETFLIX INC	$6,362,987	-14.6%	16,835	-0.5%	1.53%	-11.5%
FANG	Buy	DIAMONDBACK ENERGY INC	$6,324,209	+18.2%	40,831	+0.2%	1.52%	+22.4%
WMT	Buy	WALMART INC	$6,081,168	+1.8%	38,009	+0.0%	1.46%	+5.4%
ADBE	Sell	ADOBE INC	$5,981,793	-27.9%	11,718	-31.0%	1.43%	-25.4%
EEM	Buy	ISHARES TRmsci emg mkt etf	$5,817,284	-3.2%	153,289	+0.9%	1.40%	+0.2%
NOW	Buy	SERVICENOW INC	$5,810,694	-0.4%	10,391	+0.1%	1.39%	+3.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$5,677,166	+12.2%	11,215	+15.7%	1.36%	+16.2%
IDXX	Buy	IDEXX LABS INC	$5,666,857	-12.1%	12,943	+0.8%	1.36%	-9.0%
CCI	Buy	CROWN CASTLE INC	$5,598,372	-11.7%	60,783	+9.2%	1.34%	-8.6%
LQD	Buy	ISHARES TRiboxx inv cp etf	$5,208,529	+3.3%	51,054	+9.5%	1.25%	+7.0%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$5,048,754	-11.8%	40,694	+1.5%	1.21%	-8.6%
AMAT	Sell	APPLIED MATLS INC	$4,627,866	-4.7%	33,431	-0.5%	1.11%	-1.3%
TXN	Sell	TEXAS INSTRS INC	$4,291,245	-12.3%	26,979	-0.7%	1.03%	-9.1%
TREX	Sell	TREX CO INC	$4,258,902	-6.2%	69,001	-0.3%	1.02%	-2.9%
VEEV	Sell	VEEVA SYS INC	$3,976,349	+0.8%	19,525	-2.1%	0.95%	+4.4%
FICO	Sell	FAIR ISAAC CORP	$3,939,952	+0.4%	4,530	-6.6%	0.94%	+4.1%
EWJ	Buy	ISHARES INCmsci jpn etf new	$3,942,665	+35.3%	65,395	+38.9%	0.94%	+40.0%
IVV	Buy	ISHARES TRcore s&p500 etf	$3,762,666	+40.5%	8,762	+45.8%	0.90%	+45.5%
ARES	Sell	ARES MANAGEMENT CORPORATION	$3,718,364	-2.0%	36,123	-8.3%	0.89%	+1.5%
VLUE	Buy	ISHARES TRmsci usa value	$3,717,887	-2.4%	40,982	+0.9%	0.89%	+1.0%
INTU	Buy	INTUIT	$3,684,094	+11.9%	7,206	+0.3%	0.88%	+15.9%
SPGI	Buy	S&P GLOBAL INC	$3,488,704	-7.4%	9,537	+1.5%	0.84%	-4.1%
IEI	Buy	ISHARES TR3 7 yr treas bd	$3,484,492	+57.4%	30,791	+60.3%	0.84%	+62.8%
CWB	Sell	SPDR SER TRbbg conv sec etf	$3,428,710	-7.0%	50,555	-4.0%	0.82%	-3.6%
TTD	Sell	THE TRADE DESK INC	$3,395,449	-10.6%	43,429	-11.7%	0.81%	-7.5%
AAXJ	Sell	ISHARES TRmsci ac asia etf	$3,380,677	-11.4%	53,239	-7.3%	0.81%	-8.2%
DECK	Sell	DECKERS OUTDOOR CORP	$3,273,751	-4.0%	6,360	-1.6%	0.78%	-0.6%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$3,240,308	-8.0%	86,816	-1.4%	0.78%	-4.7%
VGK	Buy	VANGUARD INTL EQUITY INDEX Fftse europe etf	$3,129,784	+38.0%	54,027	+46.9%	0.75%	+42.9%
NKE	Buy	NIKE INCcl b	$2,993,123	-13.2%	31,309	+0.2%	0.72%	-10.1%
LPLA	Sell	LPL FINL HLDGS INC	$2,884,076	+2.1%	12,117	-6.7%	0.69%	+5.8%
MDB	Sell	MONGODB INCcl a	$2,793,679	-26.6%	8,069	-12.9%	0.67%	-24.0%
ALNY	Sell	ALNYLAM PHARMACEUTICALS INC	$2,736,602	-8.4%	15,457	-1.8%	0.66%	-5.2%
ROK	Buy	ROCKWELL AUTOMATION INC	$2,543,110	+2.0%	8,894	+17.5%	0.61%	+5.7%
QQQ	New	INVESCO QQQ TRunit ser 1	$2,441,936	–	6,816	–	0.59%	–
PWR	New	QUANTA SVCS INC	$2,418,729	–	12,906	–	0.58%	–
WDAY	Sell	WORKDAY INCcl a	$2,389,197	-14.7%	11,066	-10.7%	0.57%	-11.6%
BMRN	Buy	BIOMARIN PHARMACEUTICAL INC	$2,371,225	+64.8%	26,796	+61.4%	0.57%	+70.9%
DDOG	Buy	DATADOG INC	$2,324,969	-3.2%	25,505	+4.5%	0.56%	+0.2%
AVGO	Sell	BROADCOM INC	$2,255,855	-6.3%	2,716	-2.2%	0.54%	-2.9%
H	Sell	HYATT HOTELS CORP	$2,228,864	-17.3%	21,015	-10.7%	0.53%	-14.4%
KLAC	Sell	KLA CORP	$2,124,738	-7.0%	4,633	-1.7%	0.51%	-3.8%
TW	Sell	TRADEWEB MKTS INCcl a	$2,081,943	+3.3%	25,919	-12.0%	0.50%	+6.9%
BAC	Sell	BANK AMERICA CORP	$2,031,472	-6.2%	74,128	-1.8%	0.49%	-2.8%
MSCI	Buy	MSCI INC	$2,002,782	+11.4%	3,901	+1.8%	0.48%	+15.4%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$1,974,517	+0.0%	9,296	+3.8%	0.47%	+3.5%
	Sell	THOMSON REUTERS CORP.	$1,965,282	-11.0%	16,067	-1.8%	0.47%	-7.8%
WAB	Buy	WABTEC	$1,930,750	+22.2%	18,158	+26.1%	0.46%	+26.5%
XOM	Sell	EXXON MOBIL CORP	$1,909,382	+7.9%	16,239	-1.6%	0.46%	+11.7%
SHY	Buy	ISHARES TR1 3 yr treas bd	$1,899,663	+1.7%	23,461	+1.9%	0.46%	+5.3%
MO	Sell	ALTRIA GROUP INC	$1,891,404	-7.7%	44,980	-0.6%	0.45%	-4.2%
VMBS	Sell	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$1,842,963	-34.6%	42,096	-31.3%	0.44%	-32.2%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,823,683	-13.5%	20,986	+0.4%	0.44%	-10.5%
ULTA	Buy	ULTA BEAUTY INC	$1,794,404	-12.5%	4,487	+3.0%	0.43%	-9.5%
PHM	Sell	PULTE GROUP INC	$1,741,997	-6.7%	23,525	-2.1%	0.42%	-3.2%
U	Buy	UNITY SOFTWARE INC	$1,732,030	-19.0%	55,029	+11.8%	0.42%	-16.2%
RBLX	Sell	ROBLOX CORPcl a	$1,725,079	-29.6%	59,722	-1.8%	0.41%	-27.0%
IGF	Buy	ISHARES TRglb infrastr etf	$1,710,778	+22.9%	39,519	+33.3%	0.41%	+27.3%
NET	Buy	CLOUDFLARE INC	$1,688,732	+22.5%	26,828	+27.2%	0.40%	+27.0%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,609,037	-3.3%	21,411	-2.6%	0.39%	+0.3%
DKS	Sell	DICKS SPORTING GOODS INC	$1,579,403	-44.6%	14,526	-32.6%	0.38%	-42.6%
ZG	Sell	ZILLOW GROUP INCcl a	$1,549,810	-10.5%	34,564	-1.7%	0.37%	-7.2%
NSC	Sell	NORFOLK SOUTHN CORP	$1,508,072	-14.8%	7,658	-1.9%	0.36%	-11.7%
PANW	Sell	PALO ALTO NETWORKS INC	$1,510,204	-40.4%	6,440	-35.1%	0.36%	-38.3%
ZS	New	ZSCALER INC	$1,506,096	–	9,681	–	0.36%	–
ABBV	Sell	ABBVIE INC	$1,495,519	+8.5%	10,033	-1.9%	0.36%	+12.5%
TJX	Sell	TJX COS INC NEW	$1,431,412	+2.1%	16,105	-2.6%	0.34%	+5.9%
EL	Sell	LAUDER ESTEE COS INCcl a	$1,428,044	-26.5%	9,870	-0.3%	0.34%	-24.0%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC	$1,418,326	-2.6%	773	+13.5%	0.34%	+0.9%
MCD	Buy	MCDONALDS CORP	$1,417,758	-10.7%	5,382	+1.2%	0.34%	-7.4%
PODD	Sell	INSULET CORP	$1,359,936	-45.6%	8,511	-1.7%	0.33%	-43.6%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$1,299,187	+4.4%	7,256	-3.4%	0.31%	+8.3%
CPRT	Buy	COPART INC	$1,194,699	+46.0%	27,696	+208.8%	0.29%	+51.3%
PFF	Sell	ISHARES TRpfd and incm sec	$1,174,600	-2.7%	38,960	-0.2%	0.28%	+1.1%
BLK	Sell	BLACKROCK INC	$1,141,701	-7.8%	1,766	-1.5%	0.27%	-4.5%
IEV	Sell	ISHARES TReurope etf	$1,136,213	-6.3%	23,805	-0.8%	0.27%	-3.2%
HD	Sell	HOME DEPOT INC	$1,103,790	-5.1%	3,653	-2.4%	0.26%	-1.5%
ITW	Sell	ILLINOIS TOOL WKS INC	$1,085,912	-9.2%	4,715	-1.3%	0.26%	-6.1%
NEE	Sell	NEXTERA ENERGY INC	$1,030,074	-26.1%	17,980	-4.3%	0.25%	-23.5%
	New	ROIVANT SCIENCES LTD	$980,372	–	83,936	–	0.24%	–
RSP	Buy	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$951,854	+350.3%	6,718	+375.8%	0.23%	+365.3%
TRP	Sell	TC ENERGY CORP	$917,371	-84.4%	26,660	-81.6%	0.22%	-83.8%
REET	Sell	ISHARES TRglobal reit etf	$836,554	-33.2%	39,516	-27.5%	0.20%	-30.7%
INSP	Buy	INSPIRE MED SYS INC	$811,826	-2.2%	4,087	+59.8%	0.20%	+1.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$719,437	-26.4%	22,198	-15.5%	0.17%	-23.5%
IVE	Buy	ISHARES TRs&p 500 val etf	$697,194	+28.9%	4,532	+35.0%	0.17%	+33.6%
SHV	Sell	ISHARES TRshort treas bd	$669,780	-26.6%	6,063	-26.6%	0.16%	-23.7%
SDY	New	SPDR SER TRs&p divid etf	$650,267	–	5,654	–	0.16%	–
SHYG	Buy	ISHARES TR0-5yr hi yl cp	$631,534	+140.0%	15,392	+142.5%	0.15%	+147.5%
EMB	Buy	ISHARES TRjpmorgan usd emg	$622,283	+2.9%	7,541	+7.9%	0.15%	+6.4%
TIP	Sell	ISHARES TRtips bd etf	$597,531	-33.4%	5,761	-30.9%	0.14%	-31.2%
IAU	Buy	ISHARES GOLD TRishares new	$534,314	+90.9%	15,354	+100.0%	0.13%	+96.9%
AOR	Buy	ISHARES TRgrwt allocat etf	$443,104	-3.6%	9,001	+0.8%	0.11%	0.0%
ARGX	Sell	ARGENX SEsponsored adr	$423,293	+13.1%	861	-10.3%	0.10%	+16.1%
LEGN	Sell	LEGEND BIOTECH CORPsponsored ads	$415,715	-11.9%	6,189	-9.4%	0.10%	-8.3%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$408,243	+49.5%	955	+55.0%	0.10%	+55.6%
MOH	Sell	MOLINA HEALTHCARE INC	$389,205	+4.4%	1,187	-4.1%	0.09%	+8.1%
NBIX	Buy	NEUROCRINE BIOSCIENCES INC	$361,913	+22.2%	3,217	+2.5%	0.09%	+26.1%
SYK	Sell	STRYKER CORPORATION	$357,984	-14.2%	1,310	-4.2%	0.09%	-11.3%
ISRG	Sell	INTUITIVE SURGICAL INC	$347,533	-17.9%	1,189	-4.0%	0.08%	-15.3%
ALGN	Sell	ALIGN TECHNOLOGY INC	$343,790	-17.2%	1,126	-4.1%	0.08%	-14.6%
ZTS	Sell	ZOETIS INCcl a	$339,261	-10.8%	1,950	-11.7%	0.08%	-8.0%
NTRA	Sell	NATERA INC	$332,495	-9.5%	7,514	-0.5%	0.08%	-5.9%
IQV	Sell	IQVIA HLDGS INC	$327,786	-15.9%	1,666	-4.0%	0.08%	-12.2%
DXCM	Sell	DEXCOM INC	$315,634	-29.5%	3,383	-2.9%	0.08%	-26.9%
GII	Sell	SPDR INDEX SHS FDSs&p gblinf etf	$310,048	-45.6%	6,294	-41.1%	0.07%	-43.9%
VCYT	Sell	VERACYTE INC	$306,211	-16.1%	13,713	-4.4%	0.07%	-14.1%
HALO	Sell	HALOZYME THERAPEUTICS INC	$293,452	+1.6%	7,682	-4.1%	0.07%	+4.5%
SWAV	Buy	SHOCKWAVE MED INC	$287,500	-27.2%	1,444	+4.4%	0.07%	-24.2%
SGOV	New	ISHARES TR0-3 mnth treasry	$266,200	–	2,655	–	0.06%	–
RCKT	Buy	ROCKET PHARMACEUTICALS INC	$263,092	+13.1%	12,840	+9.6%	0.06%	+16.7%
	Sell	R1 RCM INC	$261,480	-21.7%	17,351	-4.1%	0.06%	-18.2%
SRPT	Sell	SAREPTA THERAPEUTICS INC	$234,318	+1.3%	1,933	-4.3%	0.06%	+3.7%
CRL	Buy	CHARLES RIV LABS INTL INC	$228,317	-0.6%	1,165	+6.7%	0.06%	+3.8%
EXAS	Buy	EXACT SCIENCES CORP	$224,990	-21.5%	3,298	+8.0%	0.05%	-18.2%
CSGP	Sell	COSTAR GROUP INC	$217,401	-92.3%	2,778	-91.2%	0.05%	-92.0%
RGEN	New	REPLIGEN CORP	$216,572	–	1,362	–	0.05%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-3,185	–	-0.05%	–
DOCS	Exit	DOXIMITY INCcl a	$0	–	-7,125	–	-0.06%	–
BPMC	Exit	BLUEPRINT MEDICINES CORP	$0	–	-5,500	–	-0.08%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-3,957	–	-0.09%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-6,466	–	-0.12%	–
EMLC	Exit	VANECK ETF TRUSTjp mrgan em loc	$0	–	-28,697	–	-0.17%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-8,652	–	-0.19%	–
	Exit	WOLFSPEED INC	$0	–	-24,492	–	-0.32%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$23,820,333	–	69,949	–	5.51%	–
IWM	New	ISHARES TRrussell 2000 etf	$15,810,214	–	84,424	–	3.66%	–
AAPL	New	APPLE INC	$15,299,235	–	78,874	–	3.54%	–
AMZN	New	AMAZON COM INC	$12,579,126	–	96,495	–	2.91%	–
MA	New	MASTERCARD INCORPORATEDcl a	$12,125,468	–	30,830	–	2.81%	–
UNH	New	UNITEDHEALTH GROUP INC	$11,697,637	–	24,338	–	2.71%	–
VRSK	New	VERISK ANALYTICS INC	$11,500,883	–	50,882	–	2.66%	–
GOOG	New	ALPHABET INCcap stk cl c	$11,232,581	–	92,854	–	2.60%	–
JNJ	New	JOHNSON & JOHNSON	$9,917,055	–	59,914	–	2.30%	–
PEP	New	PEPSICO INC	$9,536,516	–	51,487	–	2.21%	–
CME	New	CME GROUP INC	$8,570,623	–	46,255	–	1.98%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$8,301,119	–	16,976	–	1.92%	–
TSLA	New	TESLA INC	$7,620,408	–	29,111	–	1.76%	–
NFLX	New	NETFLIX INC	$7,449,589	–	16,912	–	1.72%	–
JPM	New	JPMORGAN CHASE & CO	$7,264,659	–	49,949	–	1.68%	–
OTIS	New	OTIS WORLDWIDE CORP	$7,181,525	–	80,682	–	1.66%	–
FTV	New	FORTIVE CORP	$6,554,846	–	87,667	–	1.52%	–
IDXX	New	IDEXX LABS INC	$6,449,145	–	12,841	–	1.49%	–
CCI	New	CROWN CASTLE INC	$6,342,142	–	55,662	–	1.47%	–
EEM	New	ISHARES TRmsci emg mkt etf	$6,012,044	–	151,973	–	1.39%	–
WMT	New	WALMART INC	$5,973,015	–	38,001	–	1.38%	–
TRP	New	TC ENERGY CORP	$5,868,473	–	145,223	–	1.36%	–
NOW	New	SERVICENOW INC	$5,834,952	–	10,383	–	1.35%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$5,724,147	–	40,099	–	1.32%	–
FANG	New	DIAMONDBACK ENERGY INC	$5,350,964	–	40,735	–	1.24%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,058,379	–	9,695	–	1.17%	–
LQD	New	ISHARES TRiboxx inv cp etf	$5,041,379	–	46,619	–	1.17%	–
TXN	New	TEXAS INSTRS INC	$4,890,433	–	27,166	–	1.13%	–
AMAT	New	APPLIED MATLS INC	$4,857,717	–	33,608	–	1.12%	–
DHR	New	DANAHER CORPORATION	$4,542,251	–	18,926	–	1.05%	–
TREX	New	TREX CO INC	$4,539,521	–	69,242	–	1.05%	–
VEEV	New	VEEVA SYS INC	$3,943,923	–	19,946	–	0.91%	–
FICO	New	FAIR ISAAC CORP	$3,923,050	–	4,848	–	0.91%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$3,816,114	–	57,437	–	0.88%	–
VLUE	New	ISHARES TRmsci usa value	$3,809,590	–	40,625	–	0.88%	–
MDB	New	MONGODB INCcl a	$3,807,411	–	9,264	–	0.88%	–
TTD	New	THE TRADE DESK INC	$3,799,765	–	49,207	–	0.88%	–
ARES	New	ARES MANAGEMENT CORPORATION	$3,795,419	–	39,392	–	0.88%	–
SPGI	New	S&P GLOBAL INC	$3,768,174	–	9,400	–	0.87%	–
CWB	New	SPDR SER TRbbg conv sec etf	$3,684,951	–	52,680	–	0.85%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$3,520,852	–	88,021	–	0.82%	–
NKE	New	NIKE INCcl b	$3,449,404	–	31,253	–	0.80%	–
DECK	New	DECKERS OUTDOOR CORP	$3,410,794	–	6,464	–	0.79%	–
INTU	New	INTUIT	$3,291,646	–	7,184	–	0.76%	–
ALNY	New	ALNYLAM PHARMACEUTICALS INC	$2,988,706	–	15,735	–	0.69%	–
EWJ	New	ISHARES INCmsci jpn etf new	$2,913,943	–	47,075	–	0.68%	–
DKS	New	DICKS SPORTING GOODS INC	$2,850,545	–	21,564	–	0.66%	–
LPLA	New	LPL FINL HLDGS INC	$2,823,546	–	12,986	–	0.65%	–
CSGP	New	COSTAR GROUP INC	$2,821,834	–	31,706	–	0.65%	–
VMBS	New	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$2,816,290	–	61,237	–	0.65%	–
WDAY	New	WORKDAY INCcl a	$2,799,681	–	12,394	–	0.65%	–
H	New	HYATT HOTELS CORP	$2,695,495	–	23,525	–	0.62%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,678,271	–	6,009	–	0.62%	–
PANW	New	PALO ALTO NETWORKS INC	$2,533,637	–	9,916	–	0.59%	–
PODD	New	INSULET CORP	$2,497,601	–	8,662	–	0.58%	–
ROK	New	ROCKWELL AUTOMATION INC	$2,493,278	–	7,568	–	0.58%	–
RBLX	New	ROBLOX CORPcl a	$2,450,522	–	60,807	–	0.57%	–
AVGO	New	BROADCOM INC	$2,407,986	–	2,776	–	0.56%	–
DDOG	New	DATADOG INC	$2,401,259	–	24,408	–	0.56%	–
KLAC	New	KLA CORP	$2,285,414	–	4,712	–	0.53%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$2,268,647	–	36,769	–	0.52%	–
IEI	New	ISHARES TR3 7 yr treas bd	$2,213,842	–	19,210	–	0.51%	–
	New	THOMSON REUTERS CORP.	$2,209,196	–	16,369	–	0.51%	–
BAC	New	BANK AMERICA CORP	$2,165,585	–	75,482	–	0.50%	–
U	New	UNITY SOFTWARE INC	$2,137,697	–	49,233	–	0.50%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$2,109,026	–	20,898	–	0.49%	–
ULTA	New	ULTA BEAUTY INC	$2,050,383	–	4,357	–	0.48%	–
MO	New	ALTRIA GROUP INC	$2,049,101	–	45,234	–	0.47%	–
TW	New	TRADEWEB MKTS INCcl a	$2,015,846	–	29,437	–	0.47%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,973,533	–	8,959	–	0.46%	–
EL	New	LAUDER ESTEE COS INCcl a	$1,943,392	–	9,896	–	0.45%	–
PHM	New	PULTE GROUP INC	$1,866,881	–	24,033	–	0.43%	–
SHY	New	ISHARES TR1 3 yr treas bd	$1,867,299	–	23,031	–	0.43%	–
MSCI	New	MSCI INC	$1,798,323	–	3,832	–	0.42%	–
NSC	New	NORFOLK SOUTHN CORP	$1,769,771	–	7,805	–	0.41%	–
XOM	New	EXXON MOBIL CORP	$1,770,376	–	16,507	–	0.41%	–
ZG	New	ZILLOW GROUP INCcl a	$1,730,708	–	35,177	–	0.40%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,663,688	–	21,989	–	0.38%	–
MCD	New	MCDONALDS CORP	$1,586,944	–	5,318	–	0.37%	–
WAB	New	WABTEC	$1,579,577	–	14,403	–	0.37%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$1,456,659	–	681	–	0.34%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$1,439,061	–	16,602	–	0.33%	–
TJX	New	TJX COS INC NEW	$1,401,663	–	16,531	–	0.32%	–
NEE	New	NEXTERA ENERGY INC	$1,393,847	–	18,785	–	0.32%	–
IGF	New	ISHARES TRglb infrastr etf	$1,391,692	–	29,642	–	0.32%	–
ABBV	New	ABBVIE INC	$1,378,423	–	10,231	–	0.32%	–
NET	New	CLOUDFLARE INC	$1,378,196	–	21,083	–	0.32%	–
	New	WOLFSPEED INC	$1,361,510	–	24,492	–	0.32%	–
REET	New	ISHARES TRglobal reit etf	$1,252,095	–	54,510	–	0.29%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,244,047	–	7,511	–	0.29%	–
BLK	New	BLACKROCK INC	$1,238,523	–	1,792	–	0.29%	–
IEV	New	ISHARES TReurope etf	$1,213,162	–	24,004	–	0.28%	–
PFF	New	ISHARES TRpfd and incm sec	$1,206,981	–	39,023	–	0.28%	–
ITW	New	ILLINOIS TOOL WKS INC	$1,195,515	–	4,779	–	0.28%	–
HD	New	HOME DEPOT INC	$1,162,726	–	3,743	–	0.27%	–
VZ	New	VERIZON COMMUNICATIONS INC	$976,907	–	26,268	–	0.23%	–
SHV	New	ISHARES TRshort treas bd	$912,207	–	8,259	–	0.21%	–
TIP	New	ISHARES TRtips bd etf	$896,905	–	8,334	–	0.21%	–
EFA	New	ISHARES TRmsci eafe etf	$843,320	–	11,632	–	0.20%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$841,943	–	5,925	–	0.20%	–
INSP	New	INSPIRE MED SYS INC	$830,104	–	2,557	–	0.19%	–
CPRT	New	COPART INC	$818,062	–	8,969	–	0.19%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$815,711	–	8,652	–	0.19%	–
EMLC	New	VANECK ETF TRUSTjp mrgan em loc	$733,488	–	28,697	–	0.17%	–
EMB	New	ISHARES TRjpmorgan usd emg	$604,568	–	6,986	–	0.14%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$569,837	–	10,677	–	0.13%	–
IVE	New	ISHARES TRs&p 500 val etf	$540,944	–	3,356	–	0.12%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$538,260	–	6,466	–	0.12%	–
LEGN	New	LEGEND BIOTECH CORPsponsored ads	$471,751	–	6,834	–	0.11%	–
AOR	New	ISHARES TRgrwt allocat etf	$459,603	–	8,933	–	0.11%	–
DXCM	New	DEXCOM INC	$447,600	–	3,483	–	0.10%	–
EZU	New	ISHARES INCmsci eurzone etf	$440,656	–	9,617	–	0.10%	–
ISRG	New	INTUITIVE SURGICAL INC	$423,322	–	1,238	–	0.10%	–
SYK	New	STRYKER CORPORATION	$417,363	–	1,368	–	0.10%	–
ALGN	New	ALIGN TECHNOLOGY INC	$415,173	–	1,174	–	0.10%	–
SWAV	New	SHOCKWAVE MED INC	$394,722	–	1,383	–	0.09%	–
IQV	New	IQVIA HLDGS INC	$389,976	–	1,735	–	0.09%	–
AGG	New	ISHARES TRcore us aggbd et	$387,588	–	3,957	–	0.09%	–
ZTS	New	ZOETIS INCcl a	$380,412	–	2,209	–	0.09%	–
ARGX	New	ARGENX SEsponsored adr	$374,141	–	960	–	0.09%	–
MOH	New	MOLINA HEALTHCARE INC	$372,935	–	1,238	–	0.09%	–
VCYT	New	VERACYTE INC	$365,163	–	14,337	–	0.08%	–
NTRA	New	NATERA INC	$367,529	–	7,553	–	0.08%	–
BPMC	New	BLUEPRINT MEDICINES CORP	$347,600	–	5,500	–	0.08%	–
	New	R1 RCM INC	$333,853	–	18,095	–	0.08%	–
NBIX	New	NEUROCRINE BIOSCIENCES INC	$296,102	–	3,140	–	0.07%	–
HALO	New	HALOZYME THERAPEUTICS INC	$288,885	–	8,009	–	0.07%	–
EXAS	New	EXACT SCIENCES CORP	$286,677	–	3,053	–	0.07%	–
IAU	New	ISHARES GOLD TRishares new	$279,835	–	7,678	–	0.06%	–
VOOV	New	VANGUARD ADMIRAL FDS INC500 val idx fd	$279,326	–	1,794	–	0.06%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$273,060	–	616	–	0.06%	–
SHYG	New	ISHARES TR0-5yr hi yl cp	$263,125	–	6,348	–	0.06%	–
DOCS	New	DOXIMITY INCcl a	$242,393	–	7,125	–	0.06%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$231,330	–	2,020	–	0.05%	–
RCKT	New	ROCKET PHARMACEUTICALS INC	$232,698	–	11,711	–	0.05%	–
MDLZ	New	MONDELEZ INTL INCcl a	$232,314	–	3,185	–	0.05%	–
CRL	New	CHARLES RIV LABS INTL INC	$229,593	–	1,092	–	0.05%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$211,401	–	1,412	–	0.05%	–

Q4 2022

			Value		Shares		↓ Weighting
CDNA	Exit	CAREDX INC	$0	–	-11,164	–	-0.05%	–
INCY	Exit	INCYTE CORP	$0	–	-3,224	–	-0.05%	–
VOOV	Exit	VANGUARD ADMIRAL FDS INC500 val idx fd	$0	–	-1,794	–	-0.06%	–
NBIX	Exit	NEUROCRINE BIOSCIENCES INC	$0	–	-2,192	–	-0.06%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-1,118	–	-0.06%	–
VCYT	Exit	VERACYTE INC	$0	–	-15,154	–	-0.06%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-5,390	–	-0.06%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,381	–	-0.07%	–
LEGN	Exit	LEGEND BIOTECH CORPsponsored ads	$0	–	-6,563	–	-0.07%	–
MOH	Exit	MOLINA HEALTHCARE INC	$0	–	-826	–	-0.07%	–
NTRA	Exit	NATERA INC	$0	–	-6,367	–	-0.07%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,379	–	-0.07%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-1,598	–	-0.08%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-7,605	–	-0.08%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-9,393	–	-0.08%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-3,693	–	-0.08%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-1,709	–	-0.08%	–
SWAV	Exit	SHOCKWAVE MED INC	$0	–	-1,153	–	-0.08%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-3,597	–	-0.09%	–
XNCR	Exit	XENCOR INC	$0	–	-13,798	–	-0.09%	–
DXCM	Exit	DEXCOM INC	$0	–	-4,612	–	-0.09%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-3,957	–	-0.10%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-6,310	–	-0.10%	–
BPMC	Exit	BLUEPRINT MEDICINES CORP	$0	–	-6,284	–	-0.10%	–
ARGX	Exit	ARGENX SEsponsored adr	$0	–	-1,227	–	-0.11%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-10,483	–	-0.13%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-11,070	–	-0.16%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-8,014	–	-0.16%	–
EMLC	Exit	VANECK ETF TRUSTjp mrgan em loc	$0	–	-28,022	–	-0.16%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-2,426	–	-0.16%	–
VTV	Exit	VANGUARD INDEX FDSvalue etf	$0	–	-5,925	–	-0.18%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-10,865	–	-0.19%	–
GLD	Exit	SPDR GOLD TR	$0	–	-4,025	–	-0.22%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-5,994	–	-0.22%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,649	–	-0.23%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-5,010	–	-0.23%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-24,327	–	-0.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-24,328	–	-0.23%	–
QAI	Exit	INDEXIQ ETF TRhedge mlti etf	$0	–	-33,856	–	-0.24%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,714	–	-0.24%	–
TJX	Exit	TJX COS INC NEW	$0	–	-15,550	–	-0.24%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-6,871	–	-0.25%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-24,246	–	-0.26%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,762	–	-0.26%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-23,286	–	-0.27%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-3,142	–	-0.28%	–
REET	Exit	ISHARES TRglobal reit etf	$0	–	-54,510	–	-0.29%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,622	–	-0.29%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,121	–	-0.30%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-38,838	–	-0.31%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-10,786	–	-0.32%	–
ARES	Exit	ARES MANAGEMENT CORPORATION	$0	–	-22,298	–	-0.35%	–
PODD	Exit	INSULET CORP	$0	–	-6,232	–	-0.36%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-33,624	–	-0.37%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-1,015	–	-0.39%	–
CTLT	Exit	CATALENT INC	$0	–	-21,192	–	-0.39%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-15,505	–	-0.40%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-22,884	–	-0.40%	–
DDOG	Exit	DATADOG INC	$0	–	-18,162	–	-0.41%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-7,867	–	-0.41%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-22,056	–	-0.41%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-7,844	–	-0.42%	–
MSCI	Exit	MSCI INC	$0	–	-3,925	–	-0.42%	–
VMBS	Exit	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$0	–	-37,672	–	-0.43%	–
RBLX	Exit	ROBLOX CORPcl a	$0	–	-48,351	–	-0.44%	–
MDB	Exit	MONGODB INCcl a	$0	–	-8,760	–	-0.44%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-43,342	–	-0.44%	–
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-15,512	–	-0.45%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-9,953	–	-0.45%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-20,678	–	-0.46%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-12,058	–	-0.46%	–
LPLA	Exit	LPL FINL HLDGS INC	$0	–	-8,768	–	-0.48%	–
SIVB	Exit	SVB FINANCIAL GROUP	$0	–	-5,856	–	-0.50%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-13,549	–	-0.51%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-25,041	–	-0.51%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-20,122	–	-0.52%	–
BILL	Exit	BILL COM HLDGS INC	$0	–	-15,803	–	-0.53%	–
TW	Exit	TRADEWEB MKTS INCcl a	$0	–	-39,000	–	-0.56%	–
ENPH	Exit	ENPHASE ENERGY INC	$0	–	-8,675	–	-0.61%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-23,255	–	-0.62%	–
H	Exit	HYATT HOTELS CORP	$0	–	-31,589	–	-0.65%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-23,930	–	-0.67%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-8,661	–	-0.68%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-26,355	–	-0.70%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-15,780	–	-0.71%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-17,636	–	-0.74%	–
ALNY	Exit	ALNYLAM PHARMACEUTICALS INC	$0	–	-15,142	–	-0.77%	–
KLAC	Exit	KLA CORP	$0	–	-10,746	–	-0.82%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-54,399	–	-0.82%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-19,669	–	-0.82%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-20,675	–	-0.86%	–
VLUE	Exit	ISHARES TRmsci usa value	$0	–	-41,533	–	-0.86%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-58,598	–	-0.87%	–
SGEN	Exit	SEAGEN INC	$0	–	-25,688	–	-0.89%	–
CWB	Exit	SPDR SER TRbbg conv sec etf	$0	–	-55,622	–	-0.89%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-116,439	–	-0.89%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-8,842	–	-0.90%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-138,468	–	-0.96%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-12,202	–	-1.01%	–
NKE	Exit	NIKE INCcl b	$0	–	-48,473	–	-1.02%	–
WMT	Exit	WALMART INC	$0	–	-33,224	–	-1.09%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-134,273	–	-1.18%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-28,974	–	-1.25%	–
EQIX	Exit	EQUINIX INC	$0	–	-8,979	–	-1.30%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-51,620	–	-1.37%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-88,218	–	-1.43%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-21,392	–	-1.49%	–
FTV	Exit	FORTIVE CORP	$0	–	-101,491	–	-1.50%	–
TRP	Exit	TC ENERGY CORP	$0	–	-147,790	–	-1.51%	–
PHM	Exit	PULTE GROUP INC	$0	–	-159,444	–	-1.52%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-27,929	–	-1.53%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-39,358	–	-1.54%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-12,278	–	-1.58%	–
NOW	Exit	SERVICENOW INC	$0	–	-17,854	–	-1.71%	–
CME	Exit	CME GROUP INC	$0	–	-41,984	–	-1.89%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-24,804	–	-1.92%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-18,703	–	-1.95%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-30,253	–	-1.98%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-101,883	–	-2.03%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-172,716	–	-2.13%	–
PEP	Exit	PEPSICO INC	$0	–	-54,235	–	-2.24%	–
TSLA	Exit	TESLA INC	$0	–	-36,309	–	-2.44%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-104,791	–	-2.56%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-63,430	–	-2.63%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-36,476	–	-2.63%	–
AMZN	Exit	AMAZON COM INC	$0	–	-102,803	–	-2.95%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-27,683	–	-3.55%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-86,249	–	-3.62%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-62,170	–	-3.67%	–
AAPL	Exit	APPLE INC	$0	–	-118,999	–	-4.18%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$16,509,000	-4.3%	118,999	-5.4%	4.18%	+2.5%
MSFT	Sell	MICROSOFT CORP	$14,529,000	-12.4%	62,170	-3.4%	3.67%	-6.1%
IWM	Sell	ISHARES TRrussell 2000 etf	$14,300,000	-5.5%	86,249	-3.1%	3.62%	+1.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$14,027,000	-5.5%	27,683	-4.0%	3.55%	+1.2%
AMZN	Sell	AMAZON COM INC	$11,658,000	+1.3%	102,803	-4.9%	2.95%	+8.5%
MA	Sell	MASTERCARD INCORPORATEDcl a	$10,405,000	-12.3%	36,476	-2.8%	2.63%	-6.1%
JNJ	Sell	JOHNSON & JOHNSON	$10,392,000	-11.7%	63,430	-4.1%	2.63%	-5.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$10,116,000	-14.3%	104,791	+1848.5%	2.56%	-8.2%
TSLA	Buy	TESLA INC	$9,665,000	+13.5%	36,309	+188.0%	2.44%	+21.7%
PEP	Sell	PEPSICO INC	$8,880,000	-2.8%	54,235	-0.9%	2.24%	+4.1%
EWJ	Sell	ISHARES INCmsci jpn etf new	$8,435,000	-9.7%	172,716	-2.4%	2.13%	-3.3%
NEE	Sell	NEXTERA ENERGY INC	$8,013,000	-1.4%	101,883	-2.7%	2.03%	+5.6%
DHR	Buy	DANAHER CORPORATION	$7,839,000	+3.5%	30,253	+1.5%	1.98%	+10.9%
FICO	Buy	FAIR ISAAC CORP	$7,727,000	+4.2%	18,703	+1.3%	1.95%	+11.7%
SPGI	Sell	S&P GLOBAL INC	$7,602,000	-14.9%	24,804	-6.1%	1.92%	-8.8%
CME	Buy	CME GROUP INC	$7,458,000	+337.9%	41,984	+404.7%	1.89%	+369.2%
NOW	Sell	SERVICENOW INC	$6,768,000	-24.7%	17,854	-5.3%	1.71%	-19.4%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$6,247,000	-14.4%	12,278	-8.3%	1.58%	-8.2%
TXN	Sell	TEXAS INSTRS INC	$6,110,000	-3.0%	39,358	-3.7%	1.54%	+4.0%
EL	Sell	LAUDER ESTEE COS INCcl a	$6,052,000	-18.0%	27,929	-3.3%	1.53%	-12.1%
PHM	Sell	PULTE GROUP INC	$6,002,000	-9.7%	159,444	-4.7%	1.52%	-3.3%
TRP	Sell	TC ENERGY CORP	$5,972,000	-24.6%	147,790	-3.1%	1.51%	-19.2%
FTV	Sell	FORTIVE CORP	$5,939,000	+5.6%	101,491	-1.6%	1.50%	+13.2%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$5,908,000	-24.4%	21,392	+0.4%	1.49%	-19.1%
OTIS	Sell	OTIS WORLDWIDE CORP	$5,646,000	-14.2%	88,218	-5.0%	1.43%	-8.0%
JPM	Sell	JPMORGAN CHASE & CO	$5,407,000	-32.9%	51,620	-27.7%	1.37%	-28.1%
EQIX	Sell	EQUINIX INC	$5,126,000	-16.8%	8,979	-4.0%	1.30%	-10.9%
VRSK	New	VERISK ANALYTICS INC	$4,959,000	–	28,974	–	1.25%	–
EEM	Buy	ISHARES TRmsci emg mkt etf	$4,683,000	+4.3%	134,273	+19.9%	1.18%	+11.7%
WMT	Buy	WALMART INC	$4,327,000	+33.3%	33,224	+24.9%	1.09%	+42.8%
NKE	Sell	NIKE INCcl b	$4,046,000	-21.0%	48,473	-3.0%	1.02%	-15.4%
IDXX	Buy	IDEXX LABS INC	$3,979,000	-6.6%	12,202	+0.5%	1.01%	0.0%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$3,798,000	-11.1%	138,468	-4.9%	0.96%	-4.8%
ULTA	Sell	ULTA BEAUTY INC	$3,547,000	+0.8%	8,842	-3.1%	0.90%	+8.1%
BAC	Sell	BK OF AMERICA CORP	$3,527,000	-33.3%	116,439	-31.2%	0.89%	-28.5%
CWB	Sell	SPDR SER TRbbg conv sec etf	$3,521,000	-2.3%	55,622	-0.4%	0.89%	+4.6%
SGEN	Sell	SEAGEN INC	$3,515,000	-33.8%	25,688	-14.4%	0.89%	-29.1%
AAXJ	Buy	ISHARES TRmsci ac asia etf	$3,430,000	-7.3%	58,598	+9.5%	0.87%	-0.8%
VLUE	Buy	ISHARES TRmsci usa value	$3,397,000	+37.0%	41,533	+51.5%	0.86%	+46.8%
PANW	Buy	PALO ALTO NETWORKS INC	$3,386,000	+6.1%	20,675	+220.1%	0.86%	+13.7%
LNG	Buy	CHENIERE ENERGY INC	$3,263,000	+68.2%	19,669	+34.9%	0.82%	+80.1%
KLAC	Buy	KLA CORP	$3,252,000	-3.2%	10,746	+2.1%	0.82%	+3.7%
TTD	Buy	THE TRADE DESK INC	$3,250,000	+64.5%	54,399	+15.3%	0.82%	+76.4%
ALNY	Buy	ALNYLAM PHARMACEUTICALS INC	$3,031,000	+56.9%	15,142	+14.3%	0.77%	+68.0%
VEEV	Buy	VEEVA SYS INC	$2,908,000	-7.9%	17,636	+10.6%	0.74%	-1.5%
GNRC	Buy	GENERAC HLDGS INC	$2,811,000	-6.0%	15,780	+11.2%	0.71%	+0.7%
TIP	Sell	ISHARES TRtips bd etf	$2,763,000	-8.1%	26,355	-0.2%	0.70%	-1.4%
DECK	Sell	DECKERS OUTDOOR CORP	$2,708,000	+14.4%	8,661	-6.5%	0.68%	+22.5%
SHV	New	ISHARES TRshort treas bd	$2,632,000	–	23,930	–	0.67%	–
H	Buy	HYATT HOTELS CORP	$2,557,000	+11.6%	31,589	+1.9%	0.65%	+19.6%
DKS	Buy	DICKS SPORTING GOODS INC	$2,433,000	+52.8%	23,255	+10.1%	0.62%	+63.6%
ENPH	Buy	ENPHASE ENERGY INC	$2,407,000	+55.6%	8,675	+9.4%	0.61%	+66.8%
TW	Sell	TRADEWEB MKTS INCcl a	$2,200,000	-17.8%	39,000	-0.5%	0.56%	-12.0%
BILL	Buy	BILL COM HLDGS INC	$2,092,000	+30.8%	15,803	+8.6%	0.53%	+39.9%
LQD	Sell	ISHARES TRiboxx inv cp etf	$2,061,000	-23.3%	20,122	-17.6%	0.52%	-17.8%
SHY	Buy	ISHARES TR1 3 yr treas bd	$2,034,000	+133.5%	25,041	+138.0%	0.51%	+149.5%
ZTS	Sell	ZOETIS INCcl a	$2,015,000	-16.1%	13,549	-2.8%	0.51%	-10.1%
SIVB	Sell	SVB FINANCIAL GROUP	$1,977,000	-49.2%	5,856	-40.4%	0.50%	-45.5%
LPLA	New	LPL FINL HLDGS INC	$1,916,000	–	8,768	–	0.48%	–
WDAY	Buy	WORKDAY INCcl a	$1,835,000	+22.4%	12,058	+12.3%	0.46%	+31.1%
XOM	Buy	EXXON MOBIL CORP	$1,805,000	+2.8%	20,678	+0.9%	0.46%	+10.1%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$1,786,000	+19.7%	9,953	+25.8%	0.45%	+28.4%
IEI	New	ISHARES TR3 7 yr treas bd	$1,773,000	–	15,512	–	0.45%	–
MO	Buy	ALTRIA GROUP INC	$1,750,000	-2.5%	43,342	+0.9%	0.44%	+4.7%
MDB	Buy	MONGODB INCcl a	$1,739,000	-21.5%	8,760	+2.7%	0.44%	-15.9%
RBLX	New	ROBLOX CORPcl a	$1,733,000	–	48,351	–	0.44%	–
VMBS	Sell	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$1,699,000	-13.8%	37,672	-8.6%	0.43%	-7.5%
MSCI	Sell	MSCI INC	$1,661,000	-18.1%	3,925	-20.1%	0.42%	-12.3%
NSC	Sell	NORFOLK SOUTHN CORP	$1,644,000	-81.0%	7,844	-79.4%	0.42%	-79.6%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,638,000	-14.6%	22,056	-12.3%	0.41%	-8.6%
ALGN	Buy	ALIGN TECHNOLOGY INC	$1,629,000	+9.0%	7,867	+24.5%	0.41%	+16.7%
DDOG	New	DATADOG INC	$1,612,000	–	18,162	–	0.41%	–
CSGP	New	COSTAR GROUP INC	$1,594,000	–	22,884	–	0.40%	–
TRI	Buy	THOMSON REUTERS CORP.	$1,591,000	-0.9%	15,505	+0.6%	0.40%	+6.1%
CTLT	New	CATALENT INC	$1,533,000	–	21,192	–	0.39%	–
CMG	Sell	CHIPOTLE MEXICAN GRILL INC	$1,525,000	-54.4%	1,015	-60.3%	0.39%	-51.1%
IAU	Sell	ISHARES GOLD TRishares new	$1,458,000	-8.2%	33,624	-7.8%	0.37%	-1.6%
PODD	New	INSULET CORP	$1,430,000	–	6,232	–	0.36%	–
ARES	New	ARES MANAGEMENT CORPORATION	$1,381,000	–	22,298	–	0.35%	–
WSM	New	WILLIAMS SONOMA INC	$1,271,000	–	10,786	–	0.32%	–
PFF	Buy	ISHARES TRpfd and incm sec	$1,230,000	+3.6%	38,838	+7.6%	0.31%	+11.1%
MCD	Buy	MCDONALDS CORP	$1,182,000	-3.7%	5,121	+3.0%	0.30%	+3.1%
AVGO	Buy	BROADCOM INC	$1,164,000	-6.9%	2,622	+1.9%	0.29%	-0.3%
REET	Sell	ISHARES TRglobal reit etf	$1,159,000	-12.9%	54,510	-1.0%	0.29%	-6.7%
IVV	Sell	ISHARES TRcore s&p500 etf	$1,127,000	-13.1%	3,142	-8.1%	0.28%	-6.9%
VGK	Buy	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,075,000	-0.6%	23,286	+13.6%	0.27%	+6.7%
HD	Sell	HOME DEPOT INC	$1,038,000	-3.2%	3,762	-3.7%	0.26%	+3.6%
IGF	Sell	ISHARES TRglb infrastr etf	$1,014,000	-41.2%	24,246	-34.3%	0.26%	-37.1%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$992,000	-3.3%	6,871	-4.6%	0.25%	+3.7%
TJX	Sell	TJX COS INC NEW	$966,000	+0.7%	15,550	-9.5%	0.24%	+8.0%
BLK	Buy	BLACKROCK INC	$943,000	-9.0%	1,714	+0.8%	0.24%	-2.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$924,000	-26.7%	24,328	-2.1%	0.23%	-21.5%
ITW	Sell	ILLINOIS TOOL WKS INC	$905,000	-3.0%	5,010	-2.2%	0.23%	+4.1%
ABBV	Sell	ABBVIE INC	$892,000	-15.4%	6,649	-3.4%	0.23%	-9.2%
CCI	Sell	CROWN CASTLE INC	$866,000	-16.9%	5,994	-3.2%	0.22%	-11.0%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$745,000	-29.6%	10,865	-16.0%	0.19%	-24.8%
VTV	Buy	VANGUARD INDEX FDSvalue etf	$732,000	+19.6%	5,925	+27.8%	0.18%	+28.5%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$648,000	-6.2%	2,426	-1.7%	0.16%	+0.6%
EMLC	Buy	VANECK ETF TRUSTjp mrgan em loc	$639,000	-6.0%	28,022	+0.8%	0.16%	+0.6%
EMB	Sell	ISHARES TRjpmorgan usd emg	$636,000	-9.5%	8,014	-2.8%	0.16%	-3.0%
EFA	Sell	ISHARES TRmsci eafe etf	$620,000	-30.1%	11,070	-22.0%	0.16%	-24.9%
ARGX	Buy	ARGENX SEsponsored adr	$433,000	-6.9%	1,227	+0.1%	0.11%	-0.9%
BPMC	Sell	BLUEPRINT MEDICINES CORP	$414,000	+22.5%	6,284	-6.0%	0.10%	+31.2%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$389,000	-50.6%	6,310	-50.0%	0.10%	-47.3%
AGG	Sell	ISHARES TRcore us aggbd et	$381,000	-24.4%	3,957	-20.2%	0.10%	-19.3%
DLR	Sell	DIGITAL RLTY TR INC	$357,000	-23.9%	3,597	-0.5%	0.09%	-18.9%
SWAV	Sell	SHOCKWAVE MED INC	$321,000	+33.8%	1,153	-8.2%	0.08%	+42.1%
IQV	Sell	IQVIA HLDGS INC	$310,000	-16.4%	1,709	-0.1%	0.08%	-11.4%
EW	Sell	EDWARDS LIFESCIENCES CORP	$305,000	-13.4%	3,693	-0.1%	0.08%	-7.2%
HALO	Sell	HALOZYME THERAPEUTICS INC	$301,000	-16.4%	7,605	-7.0%	0.08%	-10.6%
ISRG	Sell	INTUITIVE SURGICAL INC	$300,000	-6.8%	1,598	-0.4%	0.08%	0.0%
SYK	Sell	STRYKER CORPORATION	$279,000	+1.5%	1,379	-0.2%	0.07%	+9.2%
MOH	New	MOLINA HEALTHCARE INC	$272,000	–	826	–	0.07%	–
ILMN	Buy	ILLUMINA INC	$263,000	+22.3%	1,381	+18.5%	0.07%	+31.4%
VCYT	Buy	VERACYTE INC	$252,000	-11.3%	15,154	+6.1%	0.06%	-4.5%
AMT	Buy	AMERICAN TOWER CORP NEW	$240,000	-15.5%	1,118	+0.5%	0.06%	-9.0%
INCY	Sell	INCYTE CORP	$215,000	-27.4%	3,224	-17.4%	0.05%	-22.9%
CDNA	New	CAREDX INC	$190,000	–	11,164	–	0.05%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-2,770	–	-0.05%	–
EWG	Exit	ISHARES INCmsci germany etf	$0	–	-11,265	–	-0.06%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-2,708	–	-0.15%	–
EXAS	Exit	EXACT SCIENCES CORP	$0	–	-31,037	–	-0.29%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-41,840	–	-0.31%	–
AZO	Exit	AUTOZONE INC	$0	–	-674	–	-0.34%	–
MTCH	Exit	MATCH GROUP INC NEW	$0	–	-24,321	–	-0.40%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-19,583	–	-0.44%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-25,010	–	-0.58%	–
BX	Exit	BLACKSTONE INC	$0	–	-31,247	–	-0.67%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-48,091	–	-1.38%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$17,255,000	–	125,842	–	4.07%	–
MSFT	New	MICROSOFT CORP	$16,581,000	–	64,391	–	3.91%	–
IWM	New	ISHARES TRrussell 2000 etf	$15,128,000	–	88,966	–	3.57%	–
UNH	New	UNITEDHEALTH GROUP INC	$14,845,000	–	28,829	–	3.50%	–
MA	New	MASTERCARD INCORPORATEDcl a	$11,866,000	–	37,518	–	2.80%	–
GOOG	New	ALPHABET INCcap stk cl c	$11,800,000	–	5,378	–	2.78%	–
JNJ	New	JOHNSON & JOHNSON	$11,770,000	–	66,160	–	2.78%	–
AMZN	New	AMAZON COM INC	$11,511,000	–	108,096	–	2.72%	–
EWJ	New	ISHARES INCmsci jpn etf new	$9,346,000	–	176,998	–	2.21%	–
PEP	New	PEPSICO INC	$9,137,000	–	54,703	–	2.16%	–
NOW	New	SERVICENOW INC	$8,992,000	–	18,853	–	2.12%	–
SPGI	New	S&P GLOBAL INC	$8,930,000	–	26,422	–	2.11%	–
NSC	New	NORFOLK SOUTHN CORP	$8,659,000	–	38,011	–	2.04%	–
TSLA	New	TESLA INC	$8,512,000	–	12,606	–	2.01%	–
NEE	New	NEXTERA ENERGY INC	$8,129,000	–	104,689	–	1.92%	–
JPM	New	JPMORGAN CHASE & CO	$8,059,000	–	71,395	–	1.90%	–
TRP	New	TC ENERGY CORP	$7,919,000	–	152,532	–	1.87%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$7,819,000	–	21,297	–	1.85%	–
DHR	New	DANAHER CORPORATION	$7,573,000	–	29,796	–	1.79%	–
FICO	New	FAIR ISAAC CORP	$7,416,000	–	18,457	–	1.75%	–
EL	New	LAUDER ESTEE COS INCcl a	$7,378,000	–	28,887	–	1.74%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,294,000	–	13,395	–	1.72%	–
PHM	New	PULTE GROUP INC	$6,647,000	–	167,222	–	1.57%	–
OTIS	New	OTIS WORLDWIDE CORP	$6,580,000	–	92,896	–	1.55%	–
TXN	New	TEXAS INSTRS INC	$6,297,000	–	40,888	–	1.49%	–
EQIX	New	EQUINIX INC	$6,163,000	–	9,354	–	1.46%	–
FANG	New	DIAMONDBACK ENERGY INC	$5,842,000	–	48,091	–	1.38%	–
FTV	New	FORTIVE CORP	$5,624,000	–	103,125	–	1.33%	–
SGEN	New	SEAGEN INC	$5,312,000	–	30,019	–	1.25%	–
BAC	New	BK OF AMERICA CORP	$5,285,000	–	169,279	–	1.25%	–
NKE	New	NIKE INCcl b	$5,123,000	–	49,971	–	1.21%	–
EEM	New	ISHARES TRmsci emg mkt etf	$4,491,000	–	112,005	–	1.06%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,271,000	–	145,589	–	1.01%	–
IDXX	New	IDEXX LABS INC	$4,262,000	–	12,142	–	1.01%	–
SIVB	New	SVB FINANCIAL GROUP	$3,888,000	–	9,818	–	0.92%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$3,702,000	–	53,491	–	0.87%	–
CWB	New	SPDR SER TRbbg conv sec etf	$3,604,000	–	55,828	–	0.85%	–
ULTA	New	ULTA BEAUTY INC	$3,518,000	–	9,126	–	0.83%	–
KLAC	New	KLA CORP	$3,358,000	–	10,524	–	0.79%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$3,343,000	–	2,557	–	0.79%	–
WMT	New	WALMART INC	$3,247,000	–	26,599	–	0.77%	–
PANW	New	PALO ALTO NETWORKS INC	$3,190,000	–	6,459	–	0.75%	–
VEEV	New	VEEVA SYS INC	$3,159,000	–	15,949	–	0.75%	–
TIP	New	ISHARES TRtips bd etf	$3,005,000	–	26,419	–	0.71%	–
GNRC	New	GENERAC HLDGS INC	$2,990,000	–	14,197	–	0.71%	–
BX	New	BLACKSTONE INC	$2,851,000	–	31,247	–	0.67%	–
LQD	New	ISHARES TRiboxx inv cp etf	$2,688,000	–	24,428	–	0.63%	–
TW	New	TRADEWEB MKTS INCcl a	$2,676,000	–	39,209	–	0.63%	–
VLUE	New	ISHARES TRmsci usa value	$2,480,000	–	27,407	–	0.58%	–
EXPD	New	EXPEDITORS INTL WASH INC	$2,437,000	–	25,010	–	0.58%	–
ZTS	New	ZOETIS INCcl a	$2,402,000	–	13,942	–	0.57%	–
DECK	New	DECKERS OUTDOOR CORP	$2,367,000	–	9,268	–	0.56%	–
H	New	HYATT HOTELS CORP	$2,291,000	–	30,994	–	0.54%	–
MDB	New	MONGODB INCcl a	$2,214,000	–	8,530	–	0.52%	–
MSCI	New	MSCI INC	$2,029,000	–	4,913	–	0.48%	–
TTD	New	THE TRADE DESK INC	$1,976,000	–	47,161	–	0.47%	–
VMBS	New	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$1,971,000	–	41,231	–	0.46%	–
LNG	New	CHENIERE ENERGY INC	$1,940,000	–	14,584	–	0.46%	–
ALNY	New	ALNYLAM PHARMACEUTICALS INC	$1,932,000	–	13,249	–	0.46%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,918,000	–	25,152	–	0.45%	–
EXPE	New	EXPEDIA GROUP INC	$1,857,000	–	19,583	–	0.44%	–
MO	New	ALTRIA GROUP INC	$1,794,000	–	42,939	–	0.42%	–
XOM	New	EXXON MOBIL CORP	$1,755,000	–	20,491	–	0.41%	–
IGF	New	ISHARES TRglb infrastr etf	$1,724,000	–	36,887	–	0.41%	–
CME	New	CME GROUP INC	$1,703,000	–	8,318	–	0.40%	–
MTCH	New	MATCH GROUP INC NEW	$1,695,000	–	24,321	–	0.40%	–
TRI	New	THOMSON REUTERS CORP.	$1,606,000	–	15,416	–	0.38%	–
BILL	New	BILL COM HLDGS INC	$1,600,000	–	14,556	–	0.38%	–
DKS	New	DICKS SPORTING GOODS INC	$1,592,000	–	21,126	–	0.38%	–
IAU	New	ISHARES GOLD TRishares new	$1,589,000	–	36,454	–	0.38%	–
ENPH	New	ENPHASE ENERGY INC	$1,547,000	–	7,926	–	0.36%	–
WDAY	New	WORKDAY INCcl a	$1,499,000	–	10,741	–	0.35%	–
ALGN	New	ALIGN TECHNOLOGY INC	$1,495,000	–	6,317	–	0.35%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,492,000	–	7,911	–	0.35%	–
AZO	New	AUTOZONE INC	$1,449,000	–	674	–	0.34%	–
REET	New	ISHARES TRglobal reit etf	$1,331,000	–	55,060	–	0.31%	–
SHOP	New	SHOPIFY INCcl a	$1,307,000	–	41,840	–	0.31%	–
IVV	New	ISHARES TRcore s&p500 etf	$1,297,000	–	3,420	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,261,000	–	24,856	–	0.30%	–
AVGO	New	BROADCOM INC	$1,250,000	–	2,573	–	0.30%	–
MCD	New	MCDONALDS CORP	$1,227,000	–	4,972	–	0.29%	–
EXAS	New	EXACT SCIENCES CORP	$1,223,000	–	31,037	–	0.29%	–
PFF	New	ISHARES TRpfd and incm sec	$1,187,000	–	36,106	–	0.28%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,082,000	–	20,493	–	0.26%	–
HD	New	HOME DEPOT INC	$1,072,000	–	3,907	–	0.25%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,058,000	–	12,941	–	0.25%	–
ABBV	New	ABBVIE INC	$1,054,000	–	6,884	–	0.25%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$1,042,000	–	6,189	–	0.25%	–
BLK	New	BLACKROCK INC	$1,036,000	–	1,701	–	0.24%	–
IEV	New	ISHARES TReurope etf	$1,039,000	–	24,327	–	0.24%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,026,000	–	7,200	–	0.24%	–
QAI	New	INDEXIQ ETF TRhedge mlti etf	$971,000	–	33,856	–	0.23%	–
TJX	New	TJX COS INC NEW	$959,000	–	17,177	–	0.23%	–
ITW	New	ILLINOIS TOOL WKS INC	$933,000	–	5,122	–	0.22%	–
EFA	New	ISHARES TRmsci eafe etf	$887,000	–	14,197	–	0.21%	–
GLD	New	SPDR GOLD TR	$876,000	–	4,025	–	0.21%	–
SHY	New	ISHARES TR1 3 yr treas bd	$871,000	–	10,522	–	0.21%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$788,000	–	12,625	–	0.19%	–
EMB	New	ISHARES TRjpmorgan usd emg	$703,000	–	8,241	–	0.17%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$691,000	–	2,467	–	0.16%	–
EMLC	New	VANECK ETF TRUSTjp mrgan em loc	$680,000	–	27,797	–	0.16%	–
APD	New	AIR PRODS & CHEMS INC	$651,000	–	2,708	–	0.15%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$612,000	–	4,637	–	0.14%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$560,000	–	10,483	–	0.13%	–
AGG	New	ISHARES TRcore us aggbd et	$504,000	–	4,961	–	0.12%	–
DLR	New	DIGITAL RLTY TR INC	$469,000	–	3,615	–	0.11%	–
ARGX	New	ARGENX SEsponsored adr	$465,000	–	1,226	–	0.11%	–
XNCR	New	XENCOR INC	$378,000	–	13,798	–	0.09%	–
IQV	New	IQVIA HLDGS INC	$371,000	–	1,710	–	0.09%	–
HALO	New	HALOZYME THERAPEUTICS INC	$360,000	–	8,175	–	0.08%	–
LEGN	New	LEGEND BIOTECH CORPsponsored ads	$361,000	–	6,563	–	0.08%	–
EW	New	EDWARDS LIFESCIENCES CORP	$352,000	–	3,697	–	0.08%	–
DXCM	New	DEXCOM INC	$344,000	–	4,612	–	0.08%	–
EZU	New	ISHARES INCmsci eurzone etf	$341,000	–	9,393	–	0.08%	–
BPMC	New	BLUEPRINT MEDICINES CORP	$338,000	–	6,687	–	0.08%	–
ISRG	New	INTUITIVE SURGICAL INC	$322,000	–	1,605	–	0.08%	–
INCY	New	INCYTE CORP	$296,000	–	3,902	–	0.07%	–
VCYT	New	VERACYTE INC	$284,000	–	14,282	–	0.07%	–
AMT	New	AMERICAN TOWER CORP NEW	$284,000	–	1,112	–	0.07%	–
SYK	New	STRYKER CORPORATION	$275,000	–	1,382	–	0.06%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$270,000	–	5,390	–	0.06%	–
EWG	New	ISHARES INCmsci germany etf	$259,000	–	11,265	–	0.06%	–
SWAV	New	SHOCKWAVE MED INC	$240,000	–	1,256	–	0.06%	–
VOOV	New	VANGUARD ADMIRAL FDS INC500 val idx fd	$238,000	–	1,794	–	0.06%	–
NTRA	New	NATERA INC	$226,000	–	6,367	–	0.05%	–
ILMN	New	ILLUMINA INC	$215,000	–	1,165	–	0.05%	–
NBIX	New	NEUROCRINE BIOSCIENCES INC	$214,000	–	2,192	–	0.05%	–
HYG	New	ISHARES TRiboxx hi yd etf	$204,000	–	2,770	–	0.05%	–

Q4 2021

			Value		Shares		↓ Weighting
IBB	Exit	ISHARES TRishares biotech	$0	–	-1,524	–	-0.04%	–
CDNA	Exit	CAREDX INC	$0	–	-4,204	–	-0.05%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL IN	$0	–	-2,979	–	-0.05%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-5,390	–	-0.05%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-1,095	–	-0.05%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-4,698	–	-0.05%	–
NVAX	Exit	NOVAVAX INC	$0	–	-1,519	–	-0.06%	–
NTRA	Exit	NATERA INC	$0	–	-2,933	–	-0.06%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-3,821	–	-0.06%	–
TDOC	Exit	TELADOC HEALTH INC	$0	–	-2,628	–	-0.06%	–
ABMD	Exit	ABIOMED INC	$0	–	-1,029	–	-0.06%	–
INCY	Exit	INCYTE CORP	$0	–	-4,948	–	-0.06%	–
EWG	Exit	ISHARES INCmsci germany etf	$0	–	-10,813	–	-0.06%	–
ARGX	Exit	ARGENX SEsponsored adr	$0	–	-1,221	–	-0.07%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-9,019	–	-0.07%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-9,026	–	-0.08%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-10,958	–	-0.08%	–
MASI	Exit	MASIMO CORP	$0	–	-1,688	–	-0.08%	–
VLUE	Exit	ISHARES TRmsci usa value	$0	–	-4,640	–	-0.08%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-10,315	–	-0.10%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,343	–	-0.10%	–
XNCR	Exit	XENCOR INC	$0	–	-17,224	–	-0.10%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-565	–	-0.10%	–
DXCM	Exit	DEXCOM INC	$0	–	-1,043	–	-0.10%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-3,952	–	-0.10%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,643	–	-0.10%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-5,202	–	-0.10%	–
BPMC	Exit	BLUEPRINT MEDICINES CORP	$0	–	-5,989	–	-0.11%	–
VCYT	Exit	VERACYTE INC	$0	–	-13,336	–	-0.11%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-3,586	–	-0.11%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-2,414	–	-0.11%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-2,909	–	-0.12%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-6,437	–	-0.13%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,657	–	-0.13%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-2,098	–	-0.13%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-12,261	–	-0.14%	–
BLK	Exit	BLACKROCK INC	$0	–	-930	–	-0.14%	–
EMLC	Exit	VANECK ETF TRUSTjp mrgan em loc	$0	–	-27,259	–	-0.14%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-12,822	–	-0.15%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-3,313	–	-0.15%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-16,425	–	-0.16%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-24,138	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-6,561	–	-0.18%	–
QAI	Exit	INDEXIQ ETF TRhedge mlti etf	$0	–	-32,165	–	-0.18%	–
PLD	Exit	PROLOGIS INC.	$0	–	-8,598	–	-0.19%	–
REET	Exit	ISHARES TRglobal reit etf	$0	–	-40,262	–	-0.20%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-5,451	–	-0.20%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-6,782	–	-0.20%	–
GLD	Exit	SPDR GOLD TR	$0	–	-5,853	–	-0.20%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-2,723	–	-0.21%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,673	–	-0.23%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-17,898	–	-0.23%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-17,194	–	-0.24%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,679	–	-0.24%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-30,094	–	-0.25%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-12,724	–	-0.25%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-12,856	–	-0.26%	–
VMBS	Exit	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$0	–	-30,259	–	-0.29%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,264	–	-0.30%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-29,106	–	-0.30%	–
CME	Exit	CME GROUP INC	$0	–	-9,085	–	-0.31%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-17,406	–	-0.34%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-25,178	–	-0.37%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-46,523	–	-0.38%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-39,269	–	-0.41%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-6,487	–	-0.42%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-28,190	–	-0.43%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-36,786	–	-0.46%	–
EXAS	Exit	EXACT SCIENCES CORP	$0	–	-28,345	–	-0.48%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-11,719	–	-0.52%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-8,151	–	-0.52%	–
OKTA	Exit	OKTA INCcl a	$0	–	-12,468	–	-0.53%	–
EQIX	Exit	EQUINIX INC	$0	–	-3,778	–	-0.53%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-23,438	–	-0.56%	–
HEI	Exit	HEICO CORP NEW	$0	–	-24,829	–	-0.58%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-20,164	–	-0.59%	–
TW	Exit	TRADEWEB MKTS INCcl a	$0	–	-41,387	–	-0.60%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-1,414	–	-0.60%	–
SIVB	Exit	SVB FINANCIAL GROUP	$0	–	-5,230	–	-0.60%	–
	Exit	GXO LOGISTICS INCORPORATED	$0	–	-46,329	–	-0.65%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-7,729	–	-0.66%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-29,482	–	-0.67%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-13,308	–	-0.68%	–
SGEN	Exit	SEAGEN INC	$0	–	-23,123	–	-0.70%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-79,990	–	-0.72%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-47,447	–	-0.72%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-3,093	–	-0.75%	–
SQ	Exit	SQUARE INCcl a	$0	–	-17,850	–	-0.76%	–
MSCI	Exit	MSCI INC	$0	–	-7,118	–	-0.77%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-2,409	–	-0.78%	–
BILL	Exit	BILL COM HLDGS INC	$0	–	-16,536	–	-0.79%	–
CWB	Exit	SPDR SER TRblmbrg brc cnvrt	$0	–	-51,806	–	-0.79%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-11,186	–	-0.81%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-6,887	–	-0.82%	–
RH	Exit	RH	$0	–	-6,905	–	-0.82%	–
DIS	Exit	DISNEY WALT CO	$0	–	-27,714	–	-0.84%	–
KLAC	Exit	KLA CORP	$0	–	-14,094	–	-0.84%	–
TRP	Exit	TC ENERGY CORP	$0	–	-98,191	–	-0.84%	–
BX	Exit	BLACKSTONE INC	$0	–	-41,104	–	-0.85%	–
MTCH	Exit	MATCH GROUP INC NEW	$0	–	-31,349	–	-0.88%	–
MDB	Exit	MONGODB INCcl a	$0	–	-10,577	–	-0.89%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-42,222	–	-0.90%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-12,165	–	-0.98%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-14,096	–	-0.98%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-76,106	–	-1.07%	–
NOW	Exit	SERVICENOW INC	$0	–	-10,839	–	-1.20%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-35,876	–	-1.24%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-17,714	–	-1.26%	–
FTV	Exit	FORTIVE CORP	$0	–	-104,517	–	-1.32%	–
TJX	Exit	TJX COS INC NEW	$0	–	-116,808	–	-1.38%	–
URI	Exit	UNITED RENTALS INC	$0	–	-23,059	–	-1.45%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-14,374	–	-1.48%	–
PHM	Exit	PULTE GROUP INC	$0	–	-182,628	–	-1.50%	–
NKE	Exit	NIKE INCcl b	$0	–	-60,998	–	-1.58%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-29,538	–	-1.58%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-14,804	–	-1.64%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-34,058	–	-1.70%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-137,429	–	-1.72%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-37,600	–	-1.75%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-132,234	–	-1.94%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-37,667	–	-2.05%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-61,080	–	-2.10%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-33,958	–	-2.11%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,612	–	-2.12%	–
HD	Exit	HOME DEPOT INC	$0	–	-36,342	–	-2.13%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-284,287	–	-2.15%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-24,033	–	-2.45%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-51,237	–	-2.58%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-5,482	–	-2.61%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-61,457	–	-2.62%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-34,591	–	-2.62%	–
AAPL	Exit	APPLE INC	$0	–	-115,188	–	-2.91%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-104,560	–	-3.05%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-80,559	–	-3.15%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-714,521	–	-4.30%	–

Q3 2021

			Value		Shares		↓ Weighting
IAU	Buy	ISHARES GOLD TRishares new	$24,172,000	+3.1%	714,521	+3.8%	4.30%	-1.2%
IWM	Buy	ISHARES TRrussell 2000 etf	$17,690,000	+78.8%	80,559	+86.8%	3.15%	+71.4%
JPM	Buy	JPMORGAN CHASE & CO	$17,152,000	+12.8%	104,560	+7.1%	3.05%	+8.1%
AAPL	Buy	APPLE INC	$16,348,000	+6.5%	115,188	+3.1%	2.91%	+2.1%
NSC	Buy	NORFOLK SOUTHN CORP	$14,737,000	-3.9%	61,457	+6.6%	2.62%	-7.9%
SPGI	Buy	S&P GLOBAL INC	$14,736,000	+10.1%	34,591	+6.2%	2.62%	+5.5%
GOOG	Buy	ALPHABET INCcap stk cl c	$14,654,000	+13.1%	5,482	+6.3%	2.61%	+8.5%
MSFT	Buy	MICROSOFT CORP	$14,479,000	+10.6%	51,237	+6.2%	2.58%	+6.0%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$13,771,000	+19.1%	24,033	+5.1%	2.45%	+14.2%
BAC	Buy	BK OF AMERICA CORP	$12,097,000	+9.7%	284,287	+6.5%	2.15%	+5.2%
HD	Buy	HOME DEPOT INC	$11,959,000	+9.2%	36,342	+6.0%	2.13%	+4.7%
AMZN	Buy	AMAZON COM INC	$11,896,000	+0.5%	3,612	+5.2%	2.12%	-3.7%
MA	Buy	MASTERCARD INCORPORATEDcl a	$11,840,000	+1.1%	33,958	+6.1%	2.11%	-3.1%
TXN	Buy	TEXAS INSTRS INC	$11,767,000	+6.2%	61,080	+6.2%	2.10%	+1.8%
DHR	Buy	DANAHER CORPORATION	$11,498,000	+20.1%	37,667	+5.7%	2.05%	+15.1%
OTIS	Buy	OTIS WORLDWIDE CORP	$10,906,000	+20.5%	132,234	+19.7%	1.94%	+15.5%
PYPL	Buy	PAYPAL HLDGS INC	$9,812,000	-5.0%	37,600	+6.3%	1.75%	-9.0%
EWJ	Buy	ISHARES INCmsci jpn etf new	$9,645,000	+9.0%	137,429	+4.7%	1.72%	+4.6%
SHW	Buy	SHERWIN WILLIAMS CO	$9,554,000	+9.7%	34,058	+6.7%	1.70%	+5.1%
IDXX	Sell	IDEXX LABS INC	$9,217,000	-8.5%	14,804	-7.1%	1.64%	-12.3%
EL	Buy	LAUDER ESTEE COS INCcl a	$8,883,000	-0.6%	29,538	+5.3%	1.58%	-4.8%
NKE	Buy	NIKE INCcl b	$8,881,000	+0.6%	60,998	+7.0%	1.58%	-3.5%
PHM	Buy	PULTE GROUP INC	$8,408,000	-6.3%	182,628	+11.3%	1.50%	-10.2%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$8,298,000	+3.4%	14,374	+5.1%	1.48%	-0.9%
URI	Buy	UNITED RENTALS INC	$8,118,000	+16.7%	23,059	+6.0%	1.45%	+11.9%
TJX	Buy	TJX COS INC NEW	$7,723,000	+5.0%	116,808	+7.2%	1.38%	+0.6%
FTV	Buy	FORTIVE CORP	$7,396,000	+6.8%	104,517	+5.5%	1.32%	+2.4%
FICO	Sell	FAIR ISAAC CORP	$7,062,000	-21.2%	17,714	-0.5%	1.26%	-24.4%
ZTS	Buy	ZOETIS INCcl a	$6,979,000	+4.6%	35,876	+0.3%	1.24%	+0.3%
NOW	Buy	SERVICENOW INC	$6,764,000	+18.4%	10,839	+4.5%	1.20%	+13.6%
NEE	Buy	NEXTERA ENERGY INC	$5,989,000	+14.8%	76,106	+7.0%	1.07%	+10.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,525,000	+1.9%	14,096	+4.4%	0.98%	-2.4%
COST	Buy	COSTCO WHSL CORP NEW	$5,481,000	+21.4%	12,165	+6.8%	0.98%	+16.3%
EXPD	Buy	EXPEDITORS INTL WASH INC	$5,030,000	+9.2%	42,222	+16.0%	0.90%	+4.7%
MDB	Sell	MONGODB INCcl a	$4,987,000	+19.6%	10,577	-8.3%	0.89%	+14.6%
MTCH	Sell	MATCH GROUP INC NEW	$4,921,000	-13.7%	31,349	-11.3%	0.88%	-17.3%
BX	Sell	BLACKSTONE INC	$4,782,000	-0.3%	41,104	-16.8%	0.85%	-4.4%
TRP	Buy	TC ENERGY CORP	$4,730,000	+3.1%	98,191	+6.1%	0.84%	-1.2%
KLAC	Buy	KLA CORP	$4,715,000	+12.2%	14,094	+8.7%	0.84%	+7.6%
DIS	Buy	DISNEY WALT CO	$4,702,000	+2.3%	27,714	+6.2%	0.84%	-2.0%
RH	Buy	RH	$4,605,000	+16.6%	6,905	+18.7%	0.82%	+11.7%
ALGN	Sell	ALIGN TECHNOLOGY INC	$4,583,000	-13.3%	6,887	-20.4%	0.82%	-17.0%
GNRC	Buy	GENERAC HLDGS INC	$4,571,000	+17.4%	11,186	+19.2%	0.81%	+12.4%
CWB	Sell	SPDR SER TRblmbrg brc cnvrt	$4,422,000	-1.6%	51,806	-0.0%	0.79%	-5.7%
BILL	Sell	BILL COM HLDGS INC	$4,414,000	+16.9%	16,536	-19.8%	0.79%	+12.0%
CMG	Sell	CHIPOTLE MEXICAN GRILL INC	$4,378,000	-13.7%	2,409	-26.4%	0.78%	-17.2%
MSCI	Buy	MSCI INC	$4,342,000	+18.7%	7,118	+4.0%	0.77%	+13.8%
SQ	Sell	SQUARE INCcl a	$4,281,000	-8.2%	17,850	-6.7%	0.76%	-12.0%
SHOP	Sell	SHOPIFY INCcl a	$4,193,000	-18.6%	3,093	-12.3%	0.75%	-21.9%
AAXJ	Buy	ISHARES TRmsci ac asia etf	$4,030,000	+7.2%	47,447	+19.2%	0.72%	+2.9%
EEM	Buy	ISHARES TRmsci emg mkt etf	$4,030,000	+3.3%	79,990	+13.0%	0.72%	-1.0%
SGEN	Buy	SEAGEN INC	$3,926,000	+42.6%	23,123	+32.6%	0.70%	+36.8%
VEEV	Buy	VEEVA SYS INC	$3,835,000	-6.2%	13,308	+1.2%	0.68%	-10.1%
TIP	Sell	ISHARES TRtips bd etf	$3,754,000	-0.9%	29,482	-0.7%	0.67%	-5.0%
PANW	Sell	PALO ALTO NETWORKS INC	$3,702,000	+21.3%	7,729	-6.0%	0.66%	+16.2%
	New	GXO LOGISTICS INCORPORATED	$3,634,000	–	46,329	–	0.65%	–
SIVB	New	SVB FINANCIAL GROUP	$3,383,000	–	5,230	–	0.60%	–
BKNG	Buy	BOOKING HOLDINGS INC	$3,370,000	+12.0%	1,414	+3.2%	0.60%	+7.3%
TW	Buy	TRADEWEB MKTS INCcl a	$3,343,000	+53.6%	41,387	+60.9%	0.60%	+47.3%
EXPE	Sell	EXPEDIA GROUP INC	$3,305,000	-11.5%	20,164	-11.6%	0.59%	-15.1%
HEI	Buy	HEICO CORP NEW	$3,287,000	-1.7%	24,829	+3.9%	0.58%	-5.8%
LQD	Sell	ISHARES TRiboxx inv cp etf	$3,118,000	-4.6%	23,438	-3.7%	0.56%	-8.7%
EQIX	Buy	EQUINIX INC	$2,994,000	+3.1%	3,778	+4.6%	0.53%	-1.3%
OKTA	Buy	OKTA INCcl a	$2,959,000	-2.1%	12,468	+0.9%	0.53%	-6.2%
ULTA	New	ULTA BEAUTY INC	$2,942,000	–	8,151	–	0.52%	–
WDAY	Buy	WORKDAY INCcl a	$2,928,000	+5.6%	11,719	+0.9%	0.52%	+1.2%
EXAS	Sell	EXACT SCIENCES CORP	$2,706,000	-29.4%	28,345	-8.1%	0.48%	-32.3%
TTD	Buy	THE TRADE DESK INC	$2,586,000	-8.0%	36,786	+1.2%	0.46%	-11.7%
CSGP	Sell	COSTAR GROUP INC	$2,426,000	-13.8%	28,190	-17.0%	0.43%	-17.4%
DECK	New	DECKERS OUTDOOR CORP	$2,337,000	–	6,487	–	0.42%	–
FATE	Buy	FATE THERAPEUTICS INC	$2,327,000	-30.9%	39,269	+1.2%	0.41%	-33.9%
MO	Buy	ALTRIA GROUP INC	$2,118,000	-1.7%	46,523	+2.9%	0.38%	-5.8%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$2,075,000	-2.9%	25,178	-2.6%	0.37%	-6.8%
TRI	Buy	THOMSON REUTERS CORP.	$1,923,000	+15.9%	17,406	+4.2%	0.34%	+11.0%
CME	Buy	CME GROUP INC	$1,757,000	-5.7%	9,085	+3.7%	0.31%	-9.5%
XOM	Buy	EXXON MOBIL CORP	$1,712,000	-2.8%	29,106	+4.3%	0.30%	-6.7%
JNJ	Buy	JOHNSON & JOHNSON	$1,658,000	+2.3%	10,264	+4.4%	0.30%	-2.0%
VMBS	Sell	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$1,613,000	-2.0%	30,259	-1.9%	0.29%	-6.2%
AGG	Sell	ISHARES TRcore us aggbd et	$1,476,000	-2.6%	12,856	-2.2%	0.26%	-6.7%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,421,000	+4.3%	12,724	+12.0%	0.25%	0.0%
MCD	Buy	MCDONALDS CORP	$1,369,000	+8.9%	5,679	+4.4%	0.24%	+4.3%
HDB	Buy	HDFC BANK LTDsponsored ads	$1,308,000	+10.1%	17,898	+10.0%	0.23%	+5.4%
AVGO	Buy	BROADCOM INC	$1,296,000	+4.9%	2,673	+3.1%	0.23%	+0.4%
IVV	Sell	ISHARES TRcore s&p500 etf	$1,173,000	-42.9%	2,723	-43.1%	0.21%	-45.3%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$1,130,000	+8.7%	6,782	+5.4%	0.20%	+4.1%
ITW	Buy	ILLINOIS TOOL WKS INC	$1,126,000	-2.2%	5,451	+5.9%	0.20%	-6.1%
REET	Buy	ISHARES TRglobal reit etf	$1,104,000	-0.3%	40,262	+0.8%	0.20%	-4.4%
PLD	Buy	PROLOGIS INC.	$1,078,000	+10.1%	8,598	+5.0%	0.19%	+5.5%
PEP	Buy	PEPSICO INC	$987,000	+5.0%	6,561	+3.5%	0.18%	+0.6%
PFF	Buy	ISHARES TRpfd and incm sec	$937,000	-1.0%	24,138	+0.3%	0.17%	-5.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$887,000	+1.5%	16,425	+5.3%	0.16%	-2.5%
APD	Buy	AIR PRODS & CHEMS INC	$848,000	-5.6%	3,313	+6.2%	0.15%	-9.6%
VGK	Buy	VANGUARD INTL EQUITY INDEX Fftse europe etf	$841,000	+0.6%	12,822	+3.2%	0.15%	-3.2%
EMLC	Buy	VANECK ETF TRUSTjp mrgan em loc	$817,000	-3.9%	27,259	+0.6%	0.14%	-8.2%
BLK	Buy	BLACKROCK INC	$780,000	0.0%	930	+4.4%	0.14%	-4.1%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$774,000	+3.6%	12,261	+0.1%	0.14%	-0.7%
QQQ	New	INVESCO QQQ TRunit ser 1	$751,000	–	2,098	–	0.13%	–
ABBV	Buy	ABBVIE INC	$718,000	+0.3%	6,657	+4.7%	0.13%	-3.8%
EMB	Buy	ISHARES TRjpmorgan usd emg	$708,000	-0.7%	6,437	+1.6%	0.13%	-4.5%
IQV	Buy	IQVIA HLDGS INC	$697,000	-0.3%	2,909	+0.9%	0.12%	-4.6%
SYK	Buy	STRYKER CORPORATION	$637,000	+13.3%	2,414	+11.7%	0.11%	+8.7%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$622,000	-6.0%	3,586	+5.8%	0.11%	-9.8%
BPMC	Buy	BLUEPRINT MEDICINES CORP	$616,000	+40.6%	5,989	+20.4%	0.11%	+35.8%
VCYT	Buy	VERACYTE INC	$619,000	+38.2%	13,336	+18.9%	0.11%	+32.5%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$587,000	+1.2%	2,643	+1.5%	0.10%	-2.8%
EW	Buy	EDWARDS LIFESCIENCES CORP	$589,000	+13.9%	5,202	+4.2%	0.10%	+9.4%
DLR	Buy	DIGITAL RLTY TR INC	$571,000	-1.0%	3,952	+3.1%	0.10%	-4.7%
DXCM	Sell	DEXCOM INC	$570,000	+24.2%	1,043	-3.1%	0.10%	+20.0%
ISRG	Buy	INTUITIVE SURGICAL INC	$562,000	+22.7%	565	+13.5%	0.10%	+17.6%
XNCR	Buy	XENCOR INC	$563,000	+39.4%	17,224	+46.9%	0.10%	+33.3%
ILMN	Sell	ILLUMINA INC	$545,000	-15.9%	1,343	-2.0%	0.10%	-19.2%
VLUE	New	ISHARES TRmsci usa value	$476,000	–	4,640	–	0.08%	–
MASI	Buy	MASIMO CORP	$457,000	+27.7%	1,688	+14.3%	0.08%	+20.9%
HALO	Buy	HALOZYME THERAPEUTICS INC	$446,000	0.0%	10,958	+11.7%	0.08%	-4.8%
NVST	Buy	ENVISTA HOLDINGS CORPORATION	$377,000	+22.4%	9,019	+26.6%	0.07%	+17.5%
ARGX	Buy	ARGENX SEsponsored adr	$369,000	+12.5%	1,221	+12.1%	0.07%	+8.2%
INCY	Buy	INCYTE CORP	$340,000	-1.4%	4,948	+20.8%	0.06%	-4.7%
ABMD	Sell	ABIOMED INC	$335,000	+4.0%	1,029	-0.3%	0.06%	0.0%
TDOC	Buy	TELADOC HEALTH INC	$333,000	+5.0%	2,628	+37.7%	0.06%	0.0%
HYG	Sell	ISHARES TRiboxx hi yd etf	$334,000	-5.6%	3,821	-5.0%	0.06%	-10.6%
NTRA	Buy	NATERA INC	$327,000	+25.8%	2,933	+27.9%	0.06%	+20.8%
NVAX	New	NOVAVAX INC	$315,000	–	1,519	–	0.06%	–
AMT	Buy	AMERICAN TOWER CORP NEW	$291,000	-1.0%	1,095	+0.5%	0.05%	-5.5%
CNC	Buy	CENTENE CORP DEL	$293,000	-13.1%	4,698	+1.7%	0.05%	-17.5%
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$269,000	–	2,979	–	0.05%	–
CDNA	New	CAREDX INC	$266,000	–	4,204	–	0.05%	–
IBB	Buy	ISHARES TRishares biotech	$246,000	-1.2%	1,524	+0.1%	0.04%	-4.3%
BLI	Exit	BERKELEY LTS INC	$0	–	-5,344	–	-0.04%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-1,860	–	-0.07%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-9,551	–	-0.13%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-7,019	–	-0.30%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-13,129	–	-0.31%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-14,653	–	-0.38%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-9,576	–	-0.47%	–
CVNA	Exit	CARVANA COcl a	$0	–	-9,053	–	-0.51%	–
ZG	Exit	ZILLOW GROUP INCcl a	$0	–	-33,440	–	-0.76%	–
ALNY	Exit	ALNYLAM PHARMACEUTICALS INC	$0	–	-26,187	–	-0.82%	–

Q2 2021

			Value		Shares		↓ Weighting
IAU	New	ISHARES GOLD TRishares new	$23,452,000	–	688,413	–	4.36%	–
AAPL	New	APPLE INC	$15,344,000	–	111,760	–	2.85%	–
NSC	New	NORFOLK SOUTHN CORP	$15,331,000	–	57,678	–	2.85%	–
JPM	New	JPMORGAN CHASE & CO	$15,208,000	–	97,638	–	2.82%	–
SPGI	New	S&P GLOBAL INC	$13,388,000	–	32,558	–	2.49%	–
MSFT	New	MICROSOFT CORP	$13,088,000	–	48,233	–	2.43%	–
GOOG	New	ALPHABET INCcap stk cl c	$12,952,000	–	5,157	–	2.41%	–
AMZN	New	AMAZON COM INC	$11,838,000	–	3,435	–	2.20%	–
MA	New	MASTERCARD INCORPORATEDcl a	$11,709,000	–	32,008	–	2.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$11,560,000	–	22,862	–	2.15%	–
TXN	New	TEXAS INSTRS INC	$11,078,000	–	57,514	–	2.06%	–
BAC	New	BK OF AMERICA CORP	$11,023,000	–	266,900	–	2.05%	–
HD	New	HOME DEPOT INC	$10,951,000	–	34,283	–	2.04%	–
PYPL	New	PAYPAL HLDGS INC	$10,332,000	–	35,373	–	1.92%	–
IDXX	New	IDEXX LABS INC	$10,070,000	–	15,936	–	1.87%	–
IWM	New	ISHARES TRrussell 2000 etf	$9,895,000	–	43,128	–	1.84%	–
DHR	New	DANAHER CORPORATION	$9,576,000	–	35,619	–	1.78%	–
OTIS	New	OTIS WORLDWIDE CORP	$9,050,000	–	110,447	–	1.68%	–
PHM	New	PULTE GROUP INC	$8,972,000	–	164,094	–	1.67%	–
FICO	New	FAIR ISAAC CORP	$8,963,000	–	17,806	–	1.66%	–
EL	New	LAUDER ESTEE COS INCcl a	$8,938,000	–	28,046	–	1.66%	–
EWJ	New	ISHARES INCmsci jpn etf new	$8,846,000	–	131,250	–	1.64%	–
NKE	New	NIKE INCcl b	$8,824,000	–	57,023	–	1.64%	–
SHW	New	SHERWIN WILLIAMS CO	$8,713,000	–	31,918	–	1.62%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$8,028,000	–	13,681	–	1.49%	–
TJX	New	TJX COS INC NEW	$7,358,000	–	109,002	–	1.37%	–
URI	New	UNITED RENTALS INC	$6,956,000	–	21,751	–	1.29%	–
FTV	New	FORTIVE CORP	$6,922,000	–	99,066	–	1.29%	–
ZTS	New	ZOETIS INCcl a	$6,671,000	–	35,754	–	1.24%	–
NOW	New	SERVICENOW INC	$5,711,000	–	10,370	–	1.06%	–
MTCH	New	MATCH GROUP INC NEW	$5,700,000	–	35,349	–	1.06%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,423,000	–	13,504	–	1.01%	–
ALGN	New	ALIGN TECHNOLOGY INC	$5,289,000	–	8,656	–	0.98%	–
NEE	New	NEXTERA ENERGY INC	$5,219,000	–	71,103	–	0.97%	–
SHOP	New	SHOPIFY INCcl a	$5,151,000	–	3,526	–	0.96%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$5,071,000	–	3,271	–	0.94%	–
BX	New	BLACKSTONE GROUP INC	$4,797,000	–	49,381	–	0.89%	–
SQ	New	SQUARE INCcl a	$4,663,000	–	19,125	–	0.87%	–
EXPD	New	EXPEDITORS INTL WASH INC	$4,607,000	–	36,392	–	0.86%	–
DIS	New	DISNEY WALT CO	$4,598,000	–	26,101	–	0.85%	–
TRP	New	TC ENERGY CORP	$4,588,000	–	92,575	–	0.85%	–
COST	New	COSTCO WHSL CORP NEW	$4,515,000	–	11,388	–	0.84%	–
CWB	New	SPDR SER TRblmbrg brc cnvrt	$4,494,000	–	51,812	–	0.84%	–
ALNY	New	ALNYLAM PHARMACEUTICALS INC	$4,439,000	–	26,187	–	0.82%	–
KLAC	New	KLA CORP	$4,204,000	–	12,967	–	0.78%	–
MDB	New	MONGODB INCcl a	$4,171,000	–	11,538	–	0.78%	–
ZG	New	ZILLOW GROUP INCcl a	$4,097,000	–	33,440	–	0.76%	–
VEEV	New	VEEVA SYS INC	$4,090,000	–	13,154	–	0.76%	–
RH	New	RH	$3,949,000	–	5,816	–	0.73%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,903,000	–	70,780	–	0.72%	–
GNRC	New	GENERAC HLDGS INC	$3,895,000	–	9,382	–	0.72%	–
EXAS	New	EXACT SCIENCES CORP	$3,832,000	–	30,827	–	0.71%	–
TIP	New	ISHARES TRtips bd etf	$3,790,000	–	29,699	–	0.70%	–
BILL	New	BILL COM HLDGS INC	$3,776,000	–	20,611	–	0.70%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$3,759,000	–	39,804	–	0.70%	–
EXPE	New	EXPEDIA GROUP INC	$3,733,000	–	22,801	–	0.69%	–
MSCI	New	MSCI INC	$3,657,000	–	6,846	–	0.68%	–
FATE	New	FATE THERAPEUTICS INC	$3,368,000	–	38,803	–	0.63%	–
HEI	New	HEICO CORP NEW	$3,345,000	–	23,901	–	0.62%	–
LQD	New	ISHARES TRiboxx inv cp etf	$3,270,000	–	24,334	–	0.61%	–
PANW	New	PALO ALTO NETWORKS INC	$3,051,000	–	8,222	–	0.57%	–
OKTA	New	OKTA INCcl a	$3,024,000	–	12,358	–	0.56%	–
BKNG	New	BOOKING HOLDINGS INC	$3,009,000	–	1,370	–	0.56%	–
EQIX	New	EQUINIX INC	$2,905,000	–	3,611	–	0.54%	–
CSGP	New	COSTAR GROUP INC	$2,814,000	–	33,975	–	0.52%	–
TTD	New	THE TRADE DESK INC	$2,811,000	–	36,339	–	0.52%	–
WDAY	New	WORKDAY INCcl a	$2,774,000	–	11,620	–	0.52%	–
SGEN	New	SEAGEN INC	$2,753,000	–	17,438	–	0.51%	–
CVNA	New	CARVANA COcl a	$2,732,000	–	9,053	–	0.51%	–
COUP	New	COUPA SOFTWARE INC	$2,510,000	–	9,576	–	0.47%	–
TW	New	TRADEWEB MKTS INCcl a	$2,176,000	–	25,728	–	0.40%	–
MO	New	ALTRIA GROUP INC	$2,155,000	–	45,206	–	0.40%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$2,138,000	–	25,844	–	0.40%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,056,000	–	4,783	–	0.38%	–
XPO	New	XPO LOGISTICS INC	$2,050,000	–	14,653	–	0.38%	–
CME	New	CME GROUP INC	$1,863,000	–	8,762	–	0.35%	–
XOM	New	EXXON MOBIL CORP	$1,761,000	–	27,912	–	0.33%	–
PDD	New	PINDUODUO INCsponsored ads	$1,664,000	–	13,129	–	0.31%	–
TRI	New	THOMSON REUTERS CORP.	$1,659,000	–	16,702	–	0.31%	–
VMBS	New	VANGUARD SCOTTSDALE FDSmortg-back sec	$1,646,000	–	30,845	–	0.31%	–
JNJ	New	JOHNSON & JOHNSON	$1,620,000	–	9,832	–	0.30%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,589,000	–	7,019	–	0.30%	–
AGG	New	ISHARES TRcore us aggbd et	$1,516,000	–	13,146	–	0.28%	–
IGF	New	ISHARES TRglb infrastr etf	$1,366,000	–	30,094	–	0.25%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,362,000	–	11,357	–	0.25%	–
EFA	New	ISHARES TRmsci eafe etf	$1,356,000	–	17,194	–	0.25%	–
MCD	New	MCDONALDS CORP	$1,257,000	–	5,440	–	0.23%	–
AVGO	New	BROADCOM INC	$1,236,000	–	2,592	–	0.23%	–
HDB	New	HDFC BANK LTDsponsored ads	$1,188,000	–	16,273	–	0.22%	–
ITW	New	ILLINOIS TOOL WKS INC	$1,151,000	–	5,149	–	0.21%	–
GLD	New	SPDR GOLD TR	$1,129,000	–	5,853	–	0.21%	–
REET	New	ISHARES TRglobal reit etf	$1,107,000	–	39,944	–	0.21%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$1,040,000	–	6,437	–	0.19%	–
QAI	New	INDEXIQ ETF TRhedge mlti etf	$1,038,000	–	32,165	–	0.19%	–
PLD	New	PROLOGIS INC.	$979,000	–	8,191	–	0.18%	–
PFF	New	ISHARES TRpfd and incm sec	$946,000	–	24,056	–	0.18%	–
PEP	New	PEPSICO INC	$940,000	–	6,341	–	0.18%	–
APD	New	AIR PRODS & CHEMS INC	$898,000	–	3,120	–	0.17%	–
VZ	New	VERIZON COMMUNICATIONS INC	$874,000	–	15,599	–	0.16%	–
EMLC	New	VANECK VECTORS ETF TRjp morgan mkts	$850,000	–	27,087	–	0.16%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$836,000	–	12,423	–	0.16%	–
BLK	New	BLACKROCK INC	$780,000	–	891	–	0.14%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$747,000	–	12,249	–	0.14%	–
ABBV	New	ABBVIE INC	$716,000	–	6,360	–	0.13%	–
EMB	New	ISHARES TRjpmorgan usd emg	$713,000	–	6,338	–	0.13%	–
USMV	New	ISHARES TRmsci usa min vol	$703,000	–	9,551	–	0.13%	–
IQV	New	IQVIA HLDGS INC	$699,000	–	2,884	–	0.13%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$662,000	–	3,391	–	0.12%	–
ILMN	New	ILLUMINA INC	$648,000	–	1,370	–	0.12%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$580,000	–	2,603	–	0.11%	–
DLR	New	DIGITAL RLTY TR INC	$577,000	–	3,832	–	0.11%	–
SYK	New	STRYKER CORPORATION	$562,000	–	2,162	–	0.10%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$539,000	–	10,315	–	0.10%	–
EW	New	EDWARDS LIFESCIENCES CORP	$517,000	–	4,994	–	0.10%	–
ISRG	New	INTUITIVE SURGICAL INC	$458,000	–	498	–	0.08%	–
DXCM	New	DEXCOM INC	$459,000	–	1,076	–	0.08%	–
VCYT	New	VERACYTE INC	$448,000	–	11,212	–	0.08%	–
EZU	New	ISHARES INCmsci eurzone etf	$445,000	–	9,026	–	0.08%	–
HALO	New	HALOZYME THERAPEUTICS INC	$446,000	–	9,811	–	0.08%	–
BPMC	New	BLUEPRINT MEDICINES CORP	$438,000	–	4,975	–	0.08%	–
XNCR	New	XENCOR INC	$404,000	–	11,727	–	0.08%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$375,000	–	1,860	–	0.07%	–
EWG	New	ISHARES INCmsci germany etf	$374,000	–	10,813	–	0.07%	–
MASI	New	MASIMO CORP	$358,000	–	1,477	–	0.07%	–
HYG	New	ISHARES TRiboxx hi yd etf	$354,000	–	4,020	–	0.07%	–
INCY	New	INCYTE CORP	$345,000	–	4,096	–	0.06%	–
CNC	New	CENTENE CORP DEL	$337,000	–	4,618	–	0.06%	–
ARGX	New	ARGENX SEsponsored adr	$328,000	–	1,089	–	0.06%	–
ABMD	New	ABIOMED INC	$322,000	–	1,032	–	0.06%	–
TDOC	New	TELADOC HEALTH INC	$317,000	–	1,909	–	0.06%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$308,000	–	7,124	–	0.06%	–
AMT	New	AMERICAN TOWER CORP NEW	$294,000	–	1,090	–	0.06%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$282,000	–	5,390	–	0.05%	–
NTRA	New	NATERA INC	$260,000	–	2,294	–	0.05%	–
IBB	New	ISHARES TRishares biotech	$249,000	–	1,523	–	0.05%	–
BLI	New	BERKELEY LTS INC	$239,000	–	5,344	–	0.04%	–

Q4 2020

			Value		Shares		↓ Weighting
BIO	Exit	BIO RAD LABS INCcl a	$0	–	-391	–	-0.04%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-1,521	–	-0.05%	–
MASI	Exit	MASIMO CORP	$0	–	-879	–	-0.05%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-542	–	-0.05%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-145	–	-0.05%	–
VCYT	Exit	VERACYTE INC	$0	–	-6,855	–	-0.05%	–
BPMC	Exit	BLUEPRINT MEDICINES CORP	$0	–	-2,443	–	-0.05%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-3,036	–	-0.05%	–
ABMD	Exit	ABIOMED INC	$0	–	-831	–	-0.05%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-2,850	–	-0.05%	–
DXCM	Exit	DEXCOM INC	$0	–	-569	–	-0.05%	–
FGEN	Exit	FIBROGEN INC	$0	–	-5,681	–	-0.05%	–
MYOK	Exit	MYOKARDIA INC	$0	–	-1,838	–	-0.06%	–
SGEN	Exit	SEATTLE GENETICS INC	$0	–	-1,281	–	-0.06%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-3,450	–	-0.06%	–
XNCR	Exit	XENCOR INC	$0	–	-7,321	–	-0.06%	–
EWG	Exit	ISHARES INCmsci germany etf	$0	–	-10,504	–	-0.07%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-431	–	-0.07%	–
VCLT	Exit	VANGUARD SCOTTSDALE FDSlg-term cor bd	$0	–	-3,120	–	-0.08%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-1,227	–	-0.08%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-8,817	–	-0.08%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,734	–	-0.08%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-6,241	–	-0.08%	–
IGIB	Exit	ISHARES TR	$0	–	-6,107	–	-0.08%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-7,343	–	-0.08%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-4,615	–	-0.09%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-2,468	–	-0.09%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-10,173	–	-0.10%	–
BSV	Exit	VANGUARD BD INDEX FDSshort trm bond	$0	–	-5,601	–	-0.10%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-13,566	–	-0.11%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-9,759	–	-0.12%	–
CSCO	Exit	CISCO SYS INC	$0	–	-13,081	–	-0.12%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-12,103	–	-0.14%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-12,482	–	-0.14%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-6,424	–	-0.16%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,722	–	-0.16%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,240	–	-0.18%	–
PLD	Exit	PROLOGIS INC.	$0	–	-8,367	–	-0.19%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-6,371	–	-0.19%	–
EMLC	Exit	VANECK VECTORS ETF TRjp morgan mkts	$0	–	-27,587	–	-0.19%	–
REET	Exit	ISHARES TRglobal reit etf	$0	–	-40,623	–	-0.19%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-11,282	–	-0.19%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-26,436	–	-0.20%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-23,962	–	-0.21%	–
PEP	Exit	PEPSICO INC	$0	–	-6,693	–	-0.21%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-8,942	–	-0.21%	–
QAI	Exit	INDEXIQ ETF TRhedge mlti etf	$0	–	-32,165	–	-0.22%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-6,939	–	-0.23%	–
KLAC	Exit	KLA CORP	$0	–	-5,366	–	-0.23%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-6,467	–	-0.24%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-14,897	–	-0.25%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-14,749	–	-0.26%	–
D	Exit	DOMINION ENERGY INC	$0	–	-15,114	–	-0.27%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-19,681	–	-0.28%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,754	–	-0.28%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-20,269	–	-0.29%	–
MRK	Exit	MERCK & CO. INC	$0	–	-18,086	–	-0.34%	–
CME	Exit	CME GROUP INC	$0	–	-9,135	–	-0.34%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,255	–	-0.34%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-4,670	–	-0.35%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-13,584	–	-0.36%	–
GLD	Exit	SPDR GOLD TR	$0	–	-6,944	–	-0.37%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-20,391	–	-0.38%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-5,875	–	-0.39%	–
VMBS	Exit	VANGUARD SCOTTSDALE FDSmortg-back sec	$0	–	-31,842	–	-0.39%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-29,347	–	-0.39%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-49,609	–	-0.43%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-8,015	–	-0.49%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-16,634	–	-0.50%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-1,313	–	-0.50%	–
URI	Exit	UNITED RENTALS INC	$0	–	-13,143	–	-0.52%	–
HEI	Exit	HEICO CORP NEW	$0	–	-22,991	–	-0.54%	–
SPLK	Exit	SPLUNK INC	$0	–	-13,135	–	-0.56%	–
ILMN	Exit	ILLUMINA INC	$0	–	-8,023	–	-0.56%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-10,323	–	-0.57%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-32,918	–	-0.57%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-8,517	–	-0.60%	–
MKTX	Exit	MARKETAXESS HLDGS INC	$0	–	-5,781	–	-0.63%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-20,030	–	-0.63%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-13,631	–	-0.66%	–
ALNY	Exit	ALNYLAM PHARMACEUTICALS INC	$0	–	-21,079	–	-0.69%	–
MDB	Exit	MONGODB INCcl a	$0	–	-13,633	–	-0.71%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-13,149	–	-0.71%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-72,307	–	-0.72%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-11,427	–	-0.72%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-3,274	–	-0.75%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-64,251	–	-0.75%	–
OKTA	Exit	OKTA INCcl a	$0	–	-15,725	–	-0.76%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-2,780	–	-0.78%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-10,909	–	-0.81%	–
CWB	Exit	SPDR SER TRblmbrg brc cnvrt	$0	–	-52,785	–	-0.82%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-6,745	–	-0.82%	–
TRP	Exit	TC ENERGY CORP	$0	–	-87,024	–	-0.82%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-11,358	–	-0.84%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-20,633	–	-0.86%	–
ZG	Exit	ZILLOW GROUP INCcl a	$0	–	-37,634	–	-0.86%	–
CVNA	Exit	CARVANA COcl a	$0	–	-17,576	–	-0.88%	–
TDOC	Exit	TELADOC HEALTH INC	$0	–	-18,624	–	-0.92%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-24,349	–	-0.94%	–
SQ	Exit	SQUARE INCcl a	$0	–	-26,126	–	-0.95%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-75,405	–	-0.97%	–
EXAS	Exit	EXACT SCIENCES CORP	$0	–	-43,136	–	-0.99%	–
MSCI	Exit	MSCI INC	$0	–	-12,553	–	-1.01%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-16,763	–	-1.04%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-5,577	–	-1.06%	–
EQIX	Exit	EQUINIX INC	$0	–	-6,543	–	-1.12%	–
TJX	Exit	TJX COS INC NEW	$0	–	-92,063	–	-1.15%	–
MTCH	Exit	MATCH GROUP INC NEW	$0	–	-47,029	–	-1.17%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-3,806	–	-1.26%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-26,586	–	-1.30%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-19,976	–	-1.34%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-8,935	–	-1.40%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-99,949	–	-1.40%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-43,955	–	-1.41%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-12,876	–	-1.42%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-33,323	–	-1.48%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-42,076	–	-1.56%	–
FTV	Exit	FORTIVE CORP	$0	–	-91,594	–	-1.57%	–
HD	Exit	HOME DEPOT INC	$0	–	-25,180	–	-1.57%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-121,389	–	-1.61%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-33,882	–	-1.64%	–
NKE	Exit	NIKE INCcl b	$0	–	-58,397	–	-1.65%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-176,066	–	-1.66%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-60,726	–	-1.74%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-53,272	–	-1.80%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-19,029	–	-1.82%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-87,508	–	-1.89%	–
NOW	Exit	SERVICENOW INC	$0	–	-17,879	–	-1.95%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-45,048	–	-2.14%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-21,829	–	-2.16%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-29,369	–	-2.23%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-25,522	–	-2.25%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-50,435	–	-2.42%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-30,206	–	-2.45%	–
AAPL	Exit	APPLE INC	$0	–	-104,759	–	-2.73%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,001	–	-3.54%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-1,270,293	–	-5.22%	–

Q3 2020

			Value		Shares		↓ Weighting
IAU	Buy	ISHARES GOLD TRUSTishares	$23,234,000	+720.1%	1,270,293	+794.9%	5.22%	+609.4%
AMZN	Buy	AMAZON COM INC	$15,741,000	+14.9%	5,001	+0.7%	3.54%	-0.6%
AAPL	Buy	APPLE INC	$12,132,000	+30.4%	104,759	+310.7%	2.73%	+12.8%
SPGI	Buy	S&P GLOBAL INC	$10,885,000	+15.9%	30,206	+5.9%	2.45%	+0.3%
NSC	Buy	NORFOLK SOUTHN CORP	$10,786,000	+54.7%	50,435	+26.9%	2.42%	+33.8%
IDXX	Sell	IDEXX LABS INC	$10,029,000	+11.2%	25,522	-6.6%	2.25%	-3.7%
MA	Buy	MASTERCARD INCORPORATEDcl a	$9,925,000	+36.0%	29,369	+18.9%	2.23%	+17.7%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$9,634,000	+26.5%	21,829	+3.8%	2.16%	+9.5%
MSFT	Sell	MICROSOFT CORP	$9,501,000	-7.9%	45,048	-10.9%	2.14%	-20.3%
NOW	Sell	SERVICENOW INC	$8,667,000	-18.1%	17,879	-31.6%	1.95%	-29.1%
JPM	Buy	JPMORGAN CHASE & CO	$8,430,000	+11.2%	87,508	+8.7%	1.89%	-3.8%
FICO	Buy	FAIR ISAAC CORP	$8,092,000	+4.4%	19,029	+2.6%	1.82%	-9.6%
IWM	Sell	ISHARES TRrussell 2000 etf	$7,991,000	-1.6%	53,272	-5.9%	1.80%	-14.8%
TIP	Sell	ISHARES TRtips bd etf	$7,761,000	-36.7%	60,726	-38.6%	1.74%	-45.2%
IEV	Sell	ISHARES TReurope etf	$7,370,000	-2.2%	176,066	-5.6%	1.66%	-15.3%
NKE	Buy	NIKE INCcl b	$7,327,000	+72.7%	58,397	+34.9%	1.65%	+49.6%
DHR	Buy	DANAHER CORPORATION	$7,291,000	+28.9%	33,882	+5.9%	1.64%	+11.5%
EWJ	Sell	ISHARES INCmsci jpn etf new	$7,161,000	-0.4%	121,389	-7.4%	1.61%	-13.9%
HD	Buy	HOME DEPOT INC	$6,990,000	+18.8%	25,180	+7.2%	1.57%	+2.8%
FTV	Buy	FORTIVE CORP	$6,976,000	+20.9%	91,594	+7.3%	1.57%	+4.7%
ZTS	Buy	ZOETIS INCcl a	$6,954,000	+29.3%	42,076	+7.2%	1.56%	+11.9%
PYPL	Sell	PAYPAL HLDGS INC	$6,562,000	-20.6%	33,323	-29.7%	1.48%	-31.2%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$6,312,000	-11.6%	12,876	-21.6%	1.42%	-23.6%
TXN	Buy	TEXAS INSTRS INC	$6,273,000	+301.3%	43,955	+257.1%	1.41%	+247.3%
OTIS	Buy	OTIS WORLDWIDE CORP	$6,236,000	+682.4%	99,949	+612.8%	1.40%	+576.8%
SHW	Buy	SHERWIN WILLIAMS CO	$6,222,000	+46.8%	8,935	+21.7%	1.40%	+27.0%
APD	Sell	AIR PRODS & CHEMS INC	$5,948,000	+13.2%	19,976	-8.2%	1.34%	-2.1%
EL	Buy	LAUDER ESTEE COS INCcl a	$5,799,000	+18.9%	26,586	+2.8%	1.30%	+2.9%
GOOG	Buy	ALPHABET INCcap stk cl c	$5,589,000	+9.9%	3,806	+5.7%	1.26%	-4.9%
MTCH	New	MATCH GROUP INC NEW	$5,204,000	–	47,029	–	1.17%	–
TJX	Buy	TJX COS INC NEW	$5,121,000	+61.2%	92,063	+46.4%	1.15%	+39.5%
EQIX	Buy	EQUINIX INC	$4,970,000	+15.3%	6,543	+6.5%	1.12%	-0.3%
CSGP	Buy	COSTAR GROUP INC	$4,732,000	+21.5%	5,577	+1.8%	1.06%	+5.1%
NEE	Sell	NEXTERA ENERGY INC	$4,651,000	-24.2%	16,763	-34.4%	1.04%	-34.4%
MSCI	Sell	MSCI INC	$4,477,000	-4.6%	12,553	-10.7%	1.01%	-17.4%
EXAS	Sell	EXACT SCIENCES CORP	$4,398,000	-0.9%	43,136	-15.5%	0.99%	-14.2%
MDLZ	Sell	MONDELEZ INTL INCcl a	$4,330,000	-17.2%	75,405	-26.3%	0.97%	-28.3%
SQ	Sell	SQUARE INCcl a	$4,247,000	-15.0%	26,126	-45.1%	0.95%	-26.4%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$4,182,000	-18.8%	24,349	-25.5%	0.94%	-29.7%
TDOC	New	TELADOC HEALTH INC	$4,083,000	–	18,624	–	0.92%	–
CVNA	Sell	CARVANA COcl a	$3,921,000	+59.0%	17,576	-14.3%	0.88%	+37.7%
ZG	Buy	ZILLOW GROUP INCcl a	$3,821,000	+97.7%	37,634	+11.9%	0.86%	+71.1%
VRSK	Buy	VERISK ANALYTICS INC	$3,824,000	+259.1%	20,633	+229.7%	0.86%	+210.1%
ALGN	Sell	ALIGN TECHNOLOGY INC	$3,718,000	+8.9%	11,358	-8.7%	0.84%	-5.6%
TRP	Sell	TC ENERGY CORP	$3,655,000	-2.4%	87,024	-0.4%	0.82%	-15.5%
NVDA	Sell	NVIDIA CORPORATION	$3,651,000	+14.2%	6,745	-19.9%	0.82%	-1.2%
CWB	Sell	SPDR SER TRblmbrg brc cnvrt	$3,636,000	+11.7%	52,785	-1.9%	0.82%	-3.3%
LULU	Sell	LULULEMON ATHLETICA INC	$3,593,000	-5.0%	10,909	-10.0%	0.81%	-17.8%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC	$3,458,000	+32.5%	2,780	+12.1%	0.78%	+14.8%
OKTA	Buy	OKTA INCcl a	$3,363,000	+17.3%	15,725	+9.8%	0.76%	+1.5%
BX	Sell	BLACKSTONE GROUP INC	$3,354,000	-24.1%	64,251	-17.7%	0.75%	-34.3%
SHOP	Sell	SHOPIFY INCcl a	$3,349,000	-26.9%	3,274	-32.1%	0.75%	-36.7%
VEEV	New	VEEVA SYS INC	$3,213,000	–	11,427	–	0.72%	–
EEM	Sell	ISHARES TRmsci emg mkt etf	$3,204,000	-3.4%	72,307	-12.4%	0.72%	-16.4%
AMT	Sell	AMERICAN TOWER CORP NEW	$3,177,000	-30.3%	13,149	-25.4%	0.71%	-39.6%
MDB	Buy	MONGODB INCcl a	$3,156,000	+10.6%	13,633	+8.1%	0.71%	-4.3%
ALNY	New	ALNYLAM PHARMACEUTICALS INC	$3,069,000	–	21,079	–	0.69%	–
WDAY	Buy	WORKDAY INCcl a	$2,932,000	+20.5%	13,631	+5.0%	0.66%	+4.3%
SRPT	Sell	SAREPTA THERAPEUTICS INC	$2,813,000	-19.6%	20,030	-8.2%	0.63%	-30.4%
MKTX	Sell	MARKETAXESS HLDGS INC	$2,784,000	-21.5%	5,781	-18.3%	0.63%	-32.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$2,673,000	+3.5%	8,517	-2.0%	0.60%	-10.3%
AAXJ	Sell	ISHARES TRmsci ac asia etf	$2,540,000	+2.6%	32,918	-8.0%	0.57%	-11.2%
PANW	New	PALO ALTO NETWORKS INC	$2,527,000	–	10,323	–	0.57%	–
ILMN	Sell	ILLUMINA INC	$2,480,000	-32.0%	8,023	-18.6%	0.56%	-41.2%
SPLK	New	SPLUNK INC	$2,471,000	–	13,135	–	0.56%	–
HEI	New	HEICO CORP NEW	$2,406,000	–	22,991	–	0.54%	–
URI	New	UNITED RENTALS INC	$2,293,000	–	13,143	–	0.52%	–
BKNG	New	BOOKING HOLDINGS INC	$2,246,000	–	1,313	–	0.50%	–
LQD	Buy	ISHARES TRiboxx inv cp etf	$2,241,000	+86.1%	16,634	+85.8%	0.50%	+61.0%
COUP	Sell	COUPA SOFTWARE INC	$2,198,000	-11.1%	8,015	-10.2%	0.49%	-23.1%
MO	Buy	ALTRIA GROUP INC	$1,917,000	+8.8%	49,609	+10.5%	0.43%	-5.7%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,752,000	+17.3%	29,347	+8.7%	0.39%	+1.5%
VMBS	Buy	VANGUARD SCOTTSDALE FDSmortg-back sec	$1,728,000	+15.3%	31,842	+15.5%	0.39%	-0.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$1,724,000	+31.6%	5,875	-3.5%	0.39%	+13.8%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,689,000	+91.9%	20,391	+91.4%	0.38%	+66.7%
GLD	Sell	SPDR GOLD TR	$1,647,000	-40.2%	6,944	-50.0%	0.37%	-48.3%
AGG	Buy	ISHARES TRcore us aggbd et	$1,604,000	+8.4%	13,584	+8.5%	0.36%	-6.2%
IVV	Buy	ISHARES TRcore s&p500 etf	$1,569,000	+122.2%	4,670	+104.9%	0.35%	+92.9%
JNJ	Sell	JOHNSON & JOHNSON	$1,527,000	-12.9%	10,255	-17.8%	0.34%	-24.6%
CME	Sell	CME GROUP INC	$1,528,000	-7.3%	9,135	-9.9%	0.34%	-19.9%
MRK	Buy	MERCK & CO. INC	$1,500,000	+12.4%	18,086	+4.7%	0.34%	-2.9%
USMV	Sell	ISHARES TRmsci usa min vol	$1,292,000	+2.2%	20,269	-2.7%	0.29%	-11.6%
MCD	New	MCDONALDS CORP	$1,263,000	–	5,754	–	0.28%	–
D	New	DOMINION ENERGY INC	$1,193,000	–	15,114	–	0.27%	–
TRI	New	THOMSON REUTERS CORP.	$1,177,000	–	14,749	–	0.26%	–
PDD	Buy	PINDUODUO INCsponsored ads	$1,102,000	-6.9%	14,897	+7.7%	0.25%	-19.2%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$1,077,000	-28.9%	6,467	-28.5%	0.24%	-38.4%
KLAC	New	KLA CORP	$1,040,000	–	5,366	–	0.23%	–
DLR	New	DIGITAL RLTY TR INC	$1,018,000	–	6,939	–	0.23%	–
AJG	Sell	GALLAGHER ARTHUR J & CO	$944,000	-37.4%	8,942	-42.2%	0.21%	-45.9%
PEP	Sell	PEPSICO INC	$928,000	-31.8%	6,693	-34.9%	0.21%	-40.8%
IGF	Sell	ISHARES TRglb infrastr etf	$924,000	-8.6%	23,962	-9.3%	0.21%	-20.6%
XOM	Sell	EXXON MOBIL CORP	$911,000	-40.0%	26,436	-21.9%	0.20%	-48.0%
REET	Buy	ISHARES TRglobal reit etf	$854,000	+5.4%	40,623	+4.7%	0.19%	-8.6%
TAL	Buy	TAL EDUCATION GROUPsponsored ads	$856,000	+53.7%	11,282	+38.2%	0.19%	+32.4%
EMLC	Buy	VANECK VECTORS ETF TRjp morgan mkts	$851,000	+1.1%	27,587	+0.7%	0.19%	-12.8%
PLD	Sell	PROLOGIS INC.	$842,000	-42.4%	8,367	-46.6%	0.19%	-50.1%
BR	New	BROADRIDGE FINL SOLUTIONS IN	$841,000	–	6,371	–	0.19%	–
AVGO	New	BROADCOM INC	$816,000	–	2,240	–	0.18%	–
ITW	New	ILLINOIS TOOL WKS INC	$719,000	–	3,722	–	0.16%	–
EMB	Sell	ISHARES TRjpmorgan usd emg	$712,000	-5.8%	6,424	-7.2%	0.16%	-18.4%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$612,000	-3.0%	12,482	-7.1%	0.14%	-15.9%
HDB	Buy	HDFC BANK LTDsponsored ads	$603,000	+38.3%	12,103	+25.9%	0.14%	+20.4%
CSCO	Buy	CISCO SYS INC	$515,000	-15.2%	13,081	+0.6%	0.12%	-26.6%
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$512,000	–	9,759	–	0.12%	–
PFF	Buy	ISHARES TRpfd and incm sec	$494,000	+22.9%	13,566	+16.9%	0.11%	+6.7%
BSV	Sell	VANGUARD BD INDEX FDSshort trm bond	$465,000	-36.0%	5,601	-35.9%	0.10%	-45.0%
GII	Sell	SPDR INDEX SHS FDSs&p gblinf etf	$452,000	-21.9%	10,173	-23.1%	0.10%	-32.0%
IQV	Buy	IQVIA HLDGS INC	$389,000	+33.7%	2,468	+20.2%	0.09%	+14.5%
HYG	New	ISHARES TRiboxx hi yd etf	$387,000	–	4,615	–	0.09%	–
IGIB	Sell	ISHARES TR	$371,000	-74.4%	6,107	-74.6%	0.08%	-77.9%
CNC	Buy	CENTENE CORP DEL	$364,000	+16.7%	6,241	+27.3%	0.08%	+1.2%
SYK	Buy	STRYKER CORPORATION	$361,000	+49.2%	1,734	+29.1%	0.08%	+28.6%
VRTX	New	VERTEX PHARMACEUTICALS INC	$334,000	–	1,227	–	0.08%	–
VCLT	Sell	VANGUARD SCOTTSDALE FDSlg-term cor bd	$333,000	-30.6%	3,120	-31.0%	0.08%	-40.0%
ISRG	New	INTUITIVE SURGICAL INC	$306,000	–	431	–	0.07%	–
XNCR	New	XENCOR INC	$284,000	–	7,321	–	0.06%	–
EW	Buy	EDWARDS LIFESCIENCES CORP	$275,000	+24.4%	3,450	+7.9%	0.06%	+8.8%
MYOK	New	MYOKARDIA INC	$251,000	–	1,838	–	0.06%	–
SGEN	New	SEATTLE GENETICS INC	$251,000	–	1,281	–	0.06%	–
DXCM	New	DEXCOM INC	$235,000	–	569	–	0.05%	–
FGEN	New	FIBROGEN INC	$234,000	–	5,681	–	0.05%	–
BMRN	Sell	BIOMARIN PHARMACEUTICAL INC	$231,000	-95.1%	3,036	-92.1%	0.05%	-95.8%
IWS	Sell	ISHARES TRrus mdcp val etf	$230,000	-67.2%	2,850	-68.9%	0.05%	-71.4%
ABMD	New	ABIOMED INC	$230,000	–	831	–	0.05%	–
BPMC	New	BLUEPRINT MEDICINES CORP	$226,000	–	2,443	–	0.05%	–
VCYT	New	VERACYTE INC	$223,000	–	6,855	–	0.05%	–
MASI	New	MASIMO CORP	$207,000	–	879	–	0.05%	–
LMT	Sell	LOCKHEED MARTIN CORP	$208,000	-88.7%	542	-89.3%	0.05%	-90.2%
IBB	Buy	ISHARES TRnasdaq biotech	$206,000	-1.0%	1,521	+0.1%	0.05%	-14.8%
BIO	New	BIO RAD LABS INCcl a	$202,000	–	391	–	0.04%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-7,940	–	-0.06%	–
BND	Exit	VANGUARD BD INDEX FDStotal bnd mrkt	$0	–	-2,740	–	-0.06%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-3,902	–	-0.07%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,218	–	-0.07%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-1,619	–	-0.08%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-9,101	–	-0.10%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-3,558	–	-0.10%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-9,092	–	-0.14%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-26,459	–	-0.26%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-15,972	–	-0.30%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-22,961	–	-0.56%	–
FISV	Exit	FISERV INC	$0	–	-26,355	–	-0.67%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-35,306	–	-0.67%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-8,018	–	-0.85%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-39,120	–	-0.93%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-46,522	–	-1.29%	–

Q2 2020

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$13,702,000	–	4,968	–	3.56%	–
TIP	New	ISHARES TRtips bd etf	$12,255,000	–	98,933	–	3.18%	–
NOW	New	SERVICENOW INC	$10,587,000	–	26,143	–	2.75%	–
MSFT	New	MICROSOFT CORP	$10,316,000	–	50,555	–	2.68%	–
SPGI	New	S&P GLOBAL INC	$9,389,000	–	28,510	–	2.44%	–
AAPL	New	APPLE INC	$9,304,000	–	25,505	–	2.42%	–
IDXX	New	IDEXX LABS INC	$9,017,000	–	27,318	–	2.34%	–
PYPL	New	PAYPAL HLDGS INC	$8,261,000	–	47,433	–	2.14%	–
IWM	New	ISHARES TRrussell 2000 etf	$8,119,000	–	56,618	–	2.11%	–
FICO	New	FAIR ISAAC CORP	$7,748,000	–	18,539	–	2.01%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,617,000	–	21,028	–	1.98%	–
JPM	New	JPMORGAN CHASE & CO	$7,581,000	–	80,510	–	1.97%	–
IEV	New	ISHARES TReurope etf	$7,535,000	–	186,510	–	1.96%	–
MA	New	MASTERCARD INCORPORATEDcl a	$7,299,000	–	24,699	–	1.90%	–
EWJ	New	ISHARES INCmsci jpn etf new	$7,193,000	–	131,080	–	1.87%	–
ADBE	New	ADOBE INC	$7,143,000	–	16,415	–	1.86%	–
NSC	New	NORFOLK SOUTHERN CORP	$6,974,000	–	39,740	–	1.81%	–
NEE	New	NEXTERA ENERGY INC	$6,134,000	–	25,544	–	1.59%	–
HD	New	HOME DEPOT INC	$5,886,000	–	23,498	–	1.53%	–
FTV	New	FORTIVE CORP	$5,771,000	–	85,330	–	1.50%	–
DHR	New	DANAHER CORPORATION	$5,657,000	–	32,007	–	1.47%	–
ZTS	New	ZOETIS INCcl a	$5,379,000	–	39,266	–	1.40%	–
APD	New	AIR PRODS & CHEMS INC	$5,256,000	–	21,772	–	1.36%	–
MDLZ	New	MONDELEZ INTL INCcl a	$5,228,000	–	102,294	–	1.36%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$5,148,000	–	32,665	–	1.34%	–
GOOG	New	ALPHABET INCcap stk cl c	$5,087,000	–	3,601	–	1.32%	–
SQ	New	SQUARE INCcl a	$4,996,000	–	47,606	–	1.30%	–
MTCH	New	MATCH GROUP INC	$4,981,000	–	46,522	–	1.29%	–
EL	New	LAUDER ESTEE COS INCcl a	$4,877,000	–	25,858	–	1.27%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$4,761,000	–	38,603	–	1.24%	–
MSCI	New	MSCI INC	$4,693,000	–	14,063	–	1.22%	–
SHOP	New	SHOPIFY INCcl a	$4,579,000	–	4,824	–	1.19%	–
AMT	New	AMERICAN TOWER CORP NEW	$4,555,000	–	17,626	–	1.18%	–
EXAS	New	EXACT SCIENCES CORP	$4,439,000	–	51,057	–	1.15%	–
BX	New	BLACKSTONE GROUP INC	$4,421,000	–	78,024	–	1.15%	–
EQIX	New	EQUINIX INC	$4,312,000	–	6,143	–	1.12%	–
SHW	New	SHERWIN WILLIAMS CO	$4,239,000	–	7,339	–	1.10%	–
NKE	New	NIKE INCcl b	$4,242,000	–	43,282	–	1.10%	–
CSGP	New	COSTAR GROUP INC	$3,894,000	–	5,480	–	1.01%	–
LULU	New	LULULEMON ATHLETICA INC	$3,782,000	–	12,121	–	0.98%	–
TRP	New	TC ENERGY CORP	$3,743,000	–	87,364	–	0.97%	–
ILMN	New	ILLUMINA INC	$3,648,000	–	9,851	–	0.95%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$3,583,000	–	39,120	–	0.93%	–
MKTX	New	MARKETAXESS HLDGS INC	$3,546,000	–	7,079	–	0.92%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$3,497,000	–	21,813	–	0.91%	–
ALGN	New	ALIGN TECHNOLOGY INC	$3,414,000	–	12,440	–	0.89%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,316,000	–	82,535	–	0.86%	–
TTD	New	THE TRADE DESK INC	$3,259,000	–	8,018	–	0.85%	–
CWB	New	SPDR SER TRblmbrg brc cnvrt	$3,255,000	–	53,805	–	0.84%	–
NVDA	New	NVIDIA CORPORATION	$3,198,000	–	8,417	–	0.83%	–
TJX	New	TJX COS INC NEW	$3,177,000	–	62,866	–	0.82%	–
OKTA	New	OKTA INCcl a	$2,868,000	–	14,323	–	0.74%	–
MDB	New	MONGODB INCcl a	$2,854,000	–	12,608	–	0.74%	–
IAU	New	ISHARES GOLD TRUSTishares	$2,833,000	–	141,947	–	0.74%	–
GLD	New	SPDR GOLD TR	$2,753,000	–	13,891	–	0.72%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$2,609,000	–	2,479	–	0.68%	–
GDDY	New	GODADDY INCcl a	$2,589,000	–	35,306	–	0.67%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,582,000	–	8,693	–	0.67%	–
FISV	New	FISERV INC	$2,573,000	–	26,355	–	0.67%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$2,475,000	–	35,785	–	0.64%	–
COUP	New	COUPA SOFTWARE INC	$2,472,000	–	8,924	–	0.64%	–
CVNA	New	CARVANA COcl a	$2,466,000	–	20,519	–	0.64%	–
WDAY	New	WORKDAY INCcl a	$2,433,000	–	12,988	–	0.63%	–
WCN	New	WASTE CONNECTIONS INC	$2,154,000	–	22,961	–	0.56%	–
ZG	New	ZILLOW GROUP INCcl a	$1,933,000	–	33,631	–	0.50%	–
LMT	New	LOCKHEED MARTIN CORP	$1,841,000	–	5,044	–	0.48%	–
MO	New	ALTRIA GROUP INC	$1,762,000	–	44,880	–	0.46%	–
JNJ	New	JOHNSON & JOHNSON	$1,754,000	–	12,476	–	0.46%	–
CME	New	CME GROUP INC	$1,648,000	–	10,142	–	0.43%	–
TXN	New	TEXAS INSTRS INC	$1,563,000	–	12,309	–	0.41%	–
XOM	New	EXXON MOBIL CORP	$1,518,000	–	33,850	–	0.39%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$1,514,000	–	9,044	–	0.39%	–
AJG	New	GALLAGHER ARTHUR J & CO	$1,508,000	–	15,468	–	0.39%	–
VMBS	New	VANGUARD SCOTTSDALE FDSmortg-back sec	$1,499,000	–	27,569	–	0.39%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,494,000	–	26,994	–	0.39%	–
AGG	New	ISHARES TRcore us aggbd et	$1,480,000	–	12,518	–	0.38%	–
PLD	New	PROLOGIS INC.	$1,461,000	–	15,656	–	0.38%	–
IGIB	New	ISHARES TRintrm tr crp etf	$1,450,000	–	24,011	–	0.38%	–
PEP	New	PEPSICO INC	$1,361,000	–	10,287	–	0.35%	–
MRK	New	MERCK & CO. INC	$1,335,000	–	17,267	–	0.35%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,310,000	–	6,085	–	0.34%	–
USMV	New	ISHARES TRmsci min vol etf	$1,264,000	–	20,840	–	0.33%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,204,000	–	8,955	–	0.31%	–
EFA	New	ISHARES TRmsci eafe etf	$1,198,000	–	19,681	–	0.31%	–
PDD	New	PINDUODUO INCsponsored ads	$1,184,000	–	13,834	–	0.31%	–
PNW	New	PINNACLE WEST CAP CORP	$1,171,000	–	15,972	–	0.30%	–
VRSK	New	VERISK ANALYTICS INC	$1,065,000	–	6,259	–	0.28%	–
IGF	New	ISHARES TRglb infrastr etf	$1,011,000	–	26,405	–	0.26%	–
MPC	New	MARATHON PETE CORP	$989,000	–	26,459	–	0.26%	–
QAI	New	INDEXIQ ETF TRhedge mlti etf	$975,000	–	32,165	–	0.25%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$880,000	–	10,651	–	0.23%	–
EMLC	New	VANECK VECTORS ETF TRjp morgan mkts	$842,000	–	27,405	–	0.22%	–
REET	New	ISHARES TRglobal reit etf	$810,000	–	38,788	–	0.21%	–
OTIS	New	OTIS WORLDWIDE CORP	$797,000	–	14,022	–	0.21%	–
EMB	New	ISHARES TRjpmorgan usd emg	$756,000	–	6,925	–	0.20%	–
BSV	New	VANGUARD BD INDEX FDSshort trm bond	$727,000	–	8,744	–	0.19%	–
IVV	New	ISHARES TRcore s&p500 etf	$706,000	–	2,279	–	0.18%	–
IWS	New	ISHARES TRrus mdcp val etf	$702,000	–	9,167	–	0.18%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$631,000	–	13,430	–	0.16%	–
CSCO	New	CISCO SYS INC	$607,000	–	13,007	–	0.16%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$579,000	–	13,221	–	0.15%	–
TAL	New	TAL EDUCATION GROUPsponsored ads	$557,000	–	8,164	–	0.14%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$552,000	–	9,092	–	0.14%	–
VCLT	New	VANGUARD SCOTTSDALE FDSlg-term cor bd	$480,000	–	4,520	–	0.12%	–
HDB	New	HDFC BANK LTDsponsored ads	$436,000	–	9,614	–	0.11%	–
PFF	New	ISHARES TRpfd and incm sec	$402,000	–	11,601	–	0.10%	–
SHV	New	ISHARES TRshort treas bd	$394,000	–	3,558	–	0.10%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$368,000	–	7,343	–	0.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$366,000	–	9,101	–	0.10%	–
ULTA	New	ULTA BEAUTY INC	$329,000	–	1,619	–	0.08%	–
EZU	New	ISHARES INCmsci eurzone etf	$322,000	–	8,817	–	0.08%	–
CNC	New	CENTENE CORP DEL	$312,000	–	4,903	–	0.08%	–
IQV	New	IQVIA HLDGS INC	$291,000	–	2,053	–	0.08%	–
EWG	New	ISHARES INCmsci germany etf	$285,000	–	10,504	–	0.07%	–
FB	New	FACEBOOK INCcl a	$277,000	–	1,218	–	0.07%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$263,000	–	3,902	–	0.07%	–
SYK	New	STRYKER CORPORATION	$242,000	–	1,343	–	0.06%	–
BND	New	VANGUARD BD INDEX FDStotal bnd mrkt	$242,000	–	2,740	–	0.06%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$229,000	–	7,940	–	0.06%	–
EW	New	EDWARDS LIFESCIENCES CORP	$221,000	–	3,196	–	0.06%	–
IBB	New	ISHARES TRnasdaq biotech	$208,000	–	1,520	–	0.05%	–
GOOGL	New	ALPHABET INCcap stk cl a	$206,000	–	145	–	0.05%	–

Q4 2019

			Value		Shares		↓ Weighting
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-2,020	–	-0.06%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-1,226	–	-0.06%	–
LEMB	Exit	ISHARES INCjp morgan em etf	$0	–	-4,955	–	-0.07%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-2,740	–	-0.07%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-2,329	–	-0.08%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-5,882	–	-0.08%	–
CTRP	Exit	CTRIP COM INTL LTDsponsored ads	$0	–	-9,321	–	-0.08%	–
SIVB	Exit	SVB FINL GROUP	$0	–	-1,298	–	-0.08%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-3,043	–	-0.08%	–
EWG	Exit	ISHARES INCmsci germany etf	$0	–	-10,398	–	-0.08%	–
PLD	Exit	PROLOGIS INC	$0	–	-3,357	–	-0.09%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-3,333	–	-0.09%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-7,741	–	-0.09%	–
PBCT	Exit	PEOPLES UTD FINL INC	$0	–	-19,737	–	-0.09%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-8,741	–	-0.10%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,959	–	-0.11%	–
USB	Exit	US BANCORP DEL	$0	–	-6,627	–	-0.11%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-3,953	–	-0.12%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-3,679	–	-0.13%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-7,558	–	-0.13%	–
HEWU	Exit	ISHARES TRmsci un kngdom	$0	–	-17,519	–	-0.14%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-12,066	–	-0.14%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-3,307	–	-0.14%	–
PFE	Exit	PFIZER INC	$0	–	-13,029	–	-0.14%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-7,537	–	-0.16%	–
T	Exit	AT&T INC	$0	–	-14,726	–	-0.17%	–
USMV	Exit	ISHARES TRmsci min vol etf	$0	–	-9,315	–	-0.18%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-11,925	–	-0.19%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-10,733	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,254	–	-0.20%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-13,739	–	-0.21%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-13,018	–	-0.22%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-20,671	–	-0.26%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-8,820	–	-0.27%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-5,687	–	-0.29%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-6,947	–	-0.29%	–
CSCO	Exit	CISCO SYS INC	$0	–	-20,523	–	-0.31%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,627	–	-0.31%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-9,222	–	-0.31%	–
CME	Exit	CME GROUP INC	$0	–	-4,934	–	-0.31%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-16,105	–	-0.32%	–
IGIB	Exit	ISHARES TRintrm tr crp etf	$0	–	-19,702	–	-0.34%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-16,978	–	-0.34%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-6,275	–	-0.36%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-20,310	–	-0.40%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-10,610	–	-0.41%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,853	–	-0.43%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-20,101	–	-0.46%	–
NGVT	Exit	INGEVITY CORP	$0	–	-21,007	–	-0.54%	–
ABMD	Exit	ABIOMED INC	$0	–	-10,034	–	-0.54%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-22,328	–	-0.54%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-10,036	–	-0.57%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-9,821	–	-0.57%	–
OKTA	Exit	OKTA INCcl a	$0	–	-20,103	–	-0.60%	–
MDB	Exit	MONGODB INCcl a	$0	–	-16,693	–	-0.61%	–
NBIX	Exit	NEUROCRINE BIOSCIENCES INC	$0	–	-24,451	–	-0.66%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-34,164	–	-0.69%	–
VCLT	Exit	VANGUARD SCOTTSDALE FDSlg-term cor bd	$0	–	-23,110	–	-0.70%	–
TWLO	Exit	TWILIO INCcl a	$0	–	-21,787	–	-0.72%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-27,492	–	-0.76%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-35,544	–	-0.76%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-63,014	–	-0.78%	–
ILMN	Exit	ILLUMINA INC	$0	–	-9,007	–	-0.83%	–
SQ	Exit	SQUARE INCcl a	$0	–	-44,412	–	-0.83%	–
EXAS	Exit	EXACT SCIENCES CORP	$0	–	-30,590	–	-0.83%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-42,640	–	-0.85%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-16,650	–	-0.89%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-19,523	–	-0.90%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-13,632	–	-0.91%	–
CWB	Exit	SPDR SERIES TRUSTblmbrg brc cnvrt	$0	–	-57,730	–	-0.91%	–
SAGE	Exit	SAGE THERAPEUTICS INC	$0	–	-21,679	–	-0.92%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-5,663	–	-0.92%	–
RTN	Exit	RAYTHEON CO	$0	–	-16,729	–	-0.99%	–
HD	Exit	HOME DEPOT INC	$0	–	-14,269	–	-1.00%	–
MSCI	Exit	MSCI INC	$0	–	-16,072	–	-1.06%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-20,663	–	-1.06%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-11,322	–	-1.06%	–
FTV	Exit	FORTIVE CORP	$0	–	-51,688	–	-1.07%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-74,965	–	-1.10%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-6,331	–	-1.13%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-70,194	–	-1.17%	–
HEI	Exit	HEICO CORP NEW	$0	–	-31,307	–	-1.18%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-31,636	–	-1.19%	–
CSX	Exit	CSX CORP	$0	–	-58,085	–	-1.21%	–
EQIX	Exit	EQUINIX INC	$0	–	-7,043	–	-1.22%	–
TWTR	Exit	TWITTER INC	$0	–	-100,382	–	-1.25%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-20,982	–	-1.26%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-30,112	–	-1.31%	–
AAPL	Exit	APPLE INC	$0	–	-19,508	–	-1.32%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-16,263	–	-1.33%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-37,931	–	-1.36%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-20,529	–	-1.37%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,661	–	-1.42%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-24,062	–	-1.50%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-22,594	–	-1.50%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-41,621	–	-1.56%	–
ADBE	Exit	ADOBE INC	$0	–	-19,160	–	-1.60%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-22,962	–	-1.61%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-118,647	–	-1.61%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-4,559	–	-1.67%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-19,137	–	-1.68%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-100,810	–	-1.72%	–
BAX	Exit	BAXTER INTL INC	$0	–	-68,389	–	-1.80%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-25,516	–	-1.88%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-62,103	–	-1.94%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-23,848	–	-1.95%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-45,216	–	-2.07%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-27,541	–	-2.08%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-159,490	–	-2.11%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-76,928	–	-2.14%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-59,503	–	-2.53%	–
AMZN	Exit	AMAZON COM INC	$0	–	-4,883	–	-2.55%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-59,567	–	-2.72%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-86,762	–	-2.89%	–
NOW	Exit	SERVICENOW INC	$0	–	-39,987	–	-3.06%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-103,374	–	-3.62%	–

Q3 2019

			Value		Shares		↓ Weighting
TIP	Sell	ISHARES TRtips bd etf	$12,029,000	-2.3%	103,374	-3.0%	3.62%	+3.4%
NOW	Buy	SERVICENOW INC	$10,151,000	-3.3%	39,987	+4.6%	3.06%	+2.4%
SHV	Sell	ISHARES TRshort treas bd	$9,593,000	-3.0%	86,762	-3.0%	2.89%	+2.6%
IWM	Sell	ISHARES TRrussell 2000 etf	$9,026,000	-7.6%	59,567	-5.1%	2.72%	-2.3%
AMZN	Sell	AMAZON COM INC	$8,476,000	-29.8%	4,883	-23.4%	2.55%	-25.7%
MSFT	Buy	MICROSOFT CORP	$8,399,000	+4.5%	59,503	+0.6%	2.53%	+10.6%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$7,098,000	+6.2%	76,928	-1.0%	2.14%	+12.5%
IEV	Sell	ISHARES TReurope etf	$7,012,000	-10.7%	159,490	-9.2%	2.11%	-5.5%
ULTA	Buy	ULTA BEAUTY INC	$6,903,000	-15.7%	27,541	+16.7%	2.08%	-10.8%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$6,858,000	-20.0%	45,216	-20.5%	2.07%	-15.3%
MA	Sell	MASTERCARD INCcl a	$6,476,000	+0.5%	23,848	-2.1%	1.95%	+6.4%
PYPL	Buy	PAYPAL HLDGS INC	$6,433,000	+56.1%	62,103	+72.5%	1.94%	+65.2%
SPGI	Sell	S&P GLOBAL INC	$6,251,000	+6.4%	25,516	-1.0%	1.88%	+12.6%
BAX	Sell	BAXTER INTL INC	$5,982,000	+4.3%	68,389	-2.3%	1.80%	+10.4%
EWJ	Sell	ISHARES INCmsci jpn etf new	$5,720,000	-5.6%	100,810	-9.2%	1.72%	-0.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$5,574,000	+0.9%	19,137	+1.8%	1.68%	+6.8%
GOOG	Buy	ALPHABET INCcap stk cl c	$5,557,000	+14.1%	4,559	+1.2%	1.67%	+20.7%
CMCSA	Buy	COMCAST CORP NEWcl a	$5,357,000	+8.9%	118,647	+2.1%	1.61%	+15.2%
NEE	Buy	NEXTERA ENERGY INC	$5,350,000	+17.9%	22,962	+3.7%	1.61%	+24.8%
ADBE	Buy	ADOBE INC	$5,293,000	+3.5%	19,160	+10.4%	1.60%	+9.6%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$5,179,000	-4.5%	41,621	-2.0%	1.56%	+1.1%
AMT	Sell	AMERICAN TOWER CORP NEW	$4,996,000	+7.2%	22,594	-0.8%	1.50%	+13.5%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$4,988,000	+31.1%	24,062	+24.5%	1.50%	+38.8%
JPM	Sell	JPMORGAN CHASE & CO	$4,725,000	+3.0%	39,661	-2.3%	1.42%	+9.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,543,000	-16.3%	20,529	-6.1%	1.37%	-11.3%
CVX	Buy	CHEVRON CORP NEW	$4,499,000	-2.5%	37,931	+2.3%	1.36%	+3.1%
IDXX	Sell	IDEXX LABS INC	$4,422,000	-13.0%	16,263	-11.9%	1.33%	-7.9%
AAPL	Sell	APPLE INC	$4,369,000	+11.3%	19,508	-1.6%	1.32%	+17.7%
DHR	Buy	DANAHER CORPORATION	$4,349,000	+6.2%	30,112	+5.0%	1.31%	+12.3%
EL	Buy	LAUDER ESTEE COS INCcl a	$4,174,000	+11.3%	20,982	+2.4%	1.26%	+17.8%
TWTR	Buy	TWITTER INC	$4,136,000	+40.6%	100,382	+19.1%	1.25%	+48.9%
EQIX	Buy	EQUINIX INC	$4,062,000	+16.9%	7,043	+2.2%	1.22%	+23.6%
CSX	Sell	CSX CORP	$4,024,000	-10.5%	58,085	-0.0%	1.21%	-5.3%
ZTS	Buy	ZOETIS INCcl a	$3,942,000	+13.8%	31,636	+3.7%	1.19%	+20.5%
HEI	Sell	HEICO CORP NEW	$3,910,000	-22.3%	31,307	-16.7%	1.18%	-17.7%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,883,000	+2.2%	70,194	-0.4%	1.17%	+8.2%
CSGP	Sell	COSTAR GROUP INC	$3,756,000	-2.7%	6,331	-9.1%	1.13%	+3.0%
BX	New	BLACKSTONE GROUP INC	$3,661,000	–	74,965	–	1.10%	–
FTV	Sell	FORTIVE CORP	$3,544,000	-17.5%	51,688	-2.0%	1.07%	-12.7%
SHOP	Sell	SHOPIFY INCcl a	$3,529,000	-18.0%	11,322	-21.0%	1.06%	-13.2%
WDAY	Sell	WORKDAY INCcl a	$3,512,000	-21.1%	20,663	-4.6%	1.06%	-16.5%
MSCI	New	MSCI INC	$3,500,000	–	16,072	–	1.06%	–
HD	Sell	HOME DEPOT INC	$3,311,000	+9.8%	14,269	-1.6%	1.00%	+16.2%
RTN	Sell	RAYTHEON CO	$3,282,000	+11.1%	16,729	-1.5%	0.99%	+17.6%
ISRG	Buy	INTUITIVE SURGICAL INC	$3,058,000	+20.1%	5,663	+16.7%	0.92%	+27.0%
SAGE	Buy	SAGE THERAPEUTICS INC	$3,041,000	-18.7%	21,679	+6.1%	0.92%	-14.0%
CWB	Sell	SPDR SERIES TRUSTblmbrg brc cnvrt	$3,028,000	-6.5%	57,730	-5.7%	0.91%	-1.1%
APD	Buy	AIR PRODS & CHEMS INC	$3,024,000	+4.0%	13,632	+6.1%	0.91%	+10.0%
VEEV	Sell	VEEVA SYS INC	$2,981,000	-9.5%	19,523	-3.9%	0.90%	-4.3%
FB	Sell	FACEBOOK INCcl a	$2,965,000	-9.4%	16,650	-1.8%	0.89%	-4.1%
GDDY	Sell	GODADDY INCcl a	$2,813,000	-9.6%	42,640	-3.8%	0.85%	-4.3%
EXAS	Buy	EXACT SCIENCES CORP	$2,764,000	-10.8%	30,590	+16.6%	0.83%	-5.6%
SQ	Buy	SQUARE INCcl a	$2,751,000	-1.8%	44,412	+15.0%	0.83%	+4.0%
ILMN	Sell	ILLUMINA INC	$2,740,000	-18.8%	9,007	-1.7%	0.83%	-14.0%
EEM	Buy	ISHARES TRmsci emg mkt etf	$2,589,000	-2.0%	63,014	+2.9%	0.78%	+3.7%
MTCH	Sell	MATCH GROUP INC	$2,539,000	-12.0%	35,544	-17.1%	0.76%	-6.8%
WCN	Buy	WASTE CONNECTIONS INC	$2,529,000	-2.3%	27,492	+1.5%	0.76%	+3.4%
TWLO	Sell	TWILIO INCcl a	$2,396,000	-22.7%	21,787	-4.2%	0.72%	-18.1%
VCLT	Buy	VANGUARD SCOTTSDALE FDSlg-term cor bd	$2,337,000	+7.4%	23,110	+2.9%	0.70%	+13.7%
BMRN	Sell	BIOMARIN PHARMACEUTICAL INC	$2,303,000	-22.4%	34,164	-1.4%	0.69%	-17.9%
NBIX	New	NEUROCRINE BIOSCIENCES INC	$2,203,000	–	24,451	–	0.66%	–
MDB	Buy	MONGODB INCcl a	$2,011,000	+5.7%	16,693	+33.4%	0.61%	+11.8%
OKTA	Buy	OKTA INCcl a	$1,979,000	-14.8%	20,103	+6.9%	0.60%	-9.8%
LULU	New	LULULEMON ATHLETICA INC	$1,891,000	–	9,821	–	0.57%	–
TTD	New	THE TRADE DESK INC	$1,882,000	–	10,036	–	0.57%	–
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$1,804,000	-2.7%	22,328	-3.0%	0.54%	+3.0%
ABMD	Sell	ABIOMED INC	$1,785,000	-31.7%	10,034	-0.0%	0.54%	-27.7%
NGVT	Buy	INGEVITY CORP	$1,782,000	+27.7%	21,007	+58.4%	0.54%	+35.3%
SRPT	Buy	SAREPTA THERAPEUTICS INC	$1,514,000	-46.8%	20,101	+7.3%	0.46%	-43.7%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,440,000	+4.3%	4,853	+3.0%	0.43%	+10.4%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,353,000	-25.2%	10,610	-27.1%	0.41%	-20.8%
EFA	Sell	ISHARES TRmsci eafe etf	$1,324,000	-15.6%	20,310	-14.9%	0.40%	-10.5%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$1,185,000	-0.1%	6,275	-1.2%	0.36%	+5.6%
HEDJ	Sell	WISDOMTREE TReurope hedged eq	$1,142,000	-5.5%	16,978	-7.0%	0.34%	0.0%
AAXJ	Sell	ISHARES TRmsci ac asia etf	$1,068,000	-19.4%	16,105	-15.2%	0.32%	-14.6%
CME	Buy	CME GROUP INC	$1,043,000	+28.3%	4,934	+17.9%	0.31%	+35.9%
AGG	Sell	ISHARES TRcore us aggbd et	$1,043,000	-30.3%	9,222	-31.4%	0.31%	-26.3%
LMT	Buy	LOCKHEED MARTIN CORP	$1,025,000	+25.5%	2,627	+16.9%	0.31%	+32.6%
CSCO	Buy	CISCO SYS INC	$1,014,000	+5.1%	20,523	+16.4%	0.31%	+11.3%
GLD	Sell	SPDR GOLD TRUST	$961,000	-17.0%	6,947	-21.6%	0.29%	-12.1%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$951,000	+12.8%	5,687	+14.3%	0.29%	+19.6%
MO	Buy	ALTRIA GROUP INC	$867,000	+5.2%	20,671	+22.3%	0.26%	+11.1%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$693,000	-21.9%	13,739	-24.6%	0.21%	-17.4%
JNJ	Buy	JOHNSON & JOHNSON	$680,000	+19.5%	5,254	+28.6%	0.20%	+26.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$654,000	+44.4%	10,733	+37.1%	0.20%	+52.7%
GII	Sell	SPDR INDEX SHS FDSs&p gblinf etf	$637,000	-25.1%	11,925	-25.6%	0.19%	-20.7%
USMV	Buy	ISHARES TRmsci min vol etf	$597,000	+7.4%	9,315	+3.5%	0.18%	+13.9%
T	Buy	AT&T INC	$557,000	+64.3%	14,726	+45.6%	0.17%	+73.2%
NOBL	Sell	PROSHARES TRs&p 500 dv arist	$539,000	-22.8%	7,537	-25.1%	0.16%	-18.6%
PFE	Buy	PFIZER INC	$468,000	+14.7%	13,029	+38.5%	0.14%	+21.6%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$460,000	+69.1%	3,307	+58.6%	0.14%	+80.5%
HEWU	Sell	ISHARES TRmsci un kngdom	$453,000	-7.2%	17,519	-6.3%	0.14%	-2.2%
PFF	Sell	ISHARES TRpfd and incm sec	$453,000	-21.2%	12,066	-22.7%	0.14%	-17.1%
HDB	Buy	HDFC BANK LTDsponsored ads	$431,000	-11.5%	7,558	+101.9%	0.13%	-6.5%
EMB	Sell	ISHARES TRjpmorgan usd emg	$417,000	-24.5%	3,679	-24.5%	0.13%	-19.7%
PNW	Buy	PINNACLE WEST CAP CORP	$384,000	+81.1%	3,953	+75.8%	0.12%	+93.3%
USB	New	US BANCORP DEL	$367,000	–	6,627	–	0.11%	–
XOM	Buy	EXXON MOBIL CORP	$357,000	+61.5%	4,959	+77.0%	0.11%	+71.4%
PBCT	Buy	PEOPLES UTD FINL INC	$309,000	+80.7%	19,737	+93.5%	0.09%	+89.8%
RWX	Sell	SPDR INDEX SHS FDSdj intl rl etf	$306,000	-38.6%	7,741	-39.8%	0.09%	-35.2%
IWS	Sell	ISHARES TRrus mdcp val etf	$299,000	-14.8%	3,333	-15.3%	0.09%	-10.0%
PLD	New	PROLOGIS INC	$286,000	–	3,357	–	0.09%	–
AJG	New	GALLAGHER ARTHUR J & CO	$273,000	–	3,043	–	0.08%	–
CTRP	New	CTRIP COM INTL LTDsponsored ads	$273,000	–	9,321	–	0.08%	–
IGF	Sell	ISHARES TRglb infrastr etf	$273,000	-41.3%	5,882	-41.5%	0.08%	-37.9%
SIVB	Sell	SVB FINL GROUP	$271,000	-89.3%	1,298	-88.5%	0.08%	-88.6%
WM	New	WASTE MGMT INC DEL	$268,000	–	2,329	–	0.08%	–
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$231,000	-55.1%	2,740	-55.7%	0.07%	-52.1%
LEMB	New	ISHARES INCjp morgan em etf	$219,000	–	4,955	–	0.07%	–
IP	Exit	INTL PAPER CO	$0	–	-4,701	–	-0.06%	–
IGSB	Exit	ISHARES TRsh tr crport etf	$0	–	-3,860	–	-0.06%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-3,735	–	-0.09%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-28,869	–	-0.50%	–
TMUS	Exit	T MOBILE US INC	$0	–	-25,808	–	-0.54%	–
NFLX	Exit	NETFLIX INC	$0	–	-6,651	–	-0.70%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-62,888	–	-0.80%	–
SPLK	Exit	SPLUNK INC	$0	–	-24,062	–	-0.86%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-49,358	–	-0.96%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-83,116	–	-1.36%	–

Q2 2019

			Value		Shares		↓ Weighting
TIP	New	ISHARES TRtips bd etf	$12,307,000	–	106,529	–	3.50%	–
AMZN	New	AMAZON COM INC	$12,070,000	–	6,374	–	3.44%	–
NOW	New	SERVICENOW INC	$10,492,000	–	38,212	–	2.99%	–
SHV	New	ISHARES TRshort treas bd	$9,894,000	–	89,469	–	2.82%	–
IWM	New	ISHARES TRrussell 2000 etf	$9,771,000	–	62,768	–	2.78%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$8,570,000	–	56,909	–	2.44%	–
ULTA	New	ULTA BEAUTY INC	$8,189,000	–	23,606	–	2.33%	–
MSFT	New	MICROSOFT CORP	$8,036,000	–	59,127	–	2.29%	–
IEV	New	ISHARES TReurope etf	$7,851,000	–	175,704	–	2.24%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$6,681,000	–	77,736	–	1.90%	–
MA	New	MASTERCARD INCcl a	$6,441,000	–	24,349	–	1.83%	–
EWJ	New	ISHARES INCmsci jpn etf new	$6,057,000	–	111,018	–	1.72%	–
SPGI	New	S&P GLOBAL INC	$5,873,000	–	25,781	–	1.67%	–
BAX	New	BAXTER INTL INC	$5,733,000	–	70,003	–	1.63%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,523,000	–	18,805	–	1.57%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,425,000	–	21,874	–	1.54%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$5,421,000	–	42,455	–	1.54%	–
ADBE	New	ADOBE INC	$5,112,000	–	17,348	–	1.46%	–
IDXX	New	IDEXX LABS INC	$5,084,000	–	18,465	–	1.45%	–
HEI	New	HEICO CORP NEW	$5,029,000	–	37,583	–	1.43%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,921,000	–	116,151	–	1.40%	–
GOOG	New	ALPHABET INCcap stk cl c	$4,872,000	–	4,507	–	1.39%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$4,788,000	–	83,116	–	1.36%	–
AMT	New	AMERICAN TOWER CORP NEW	$4,659,000	–	22,787	–	1.33%	–
CVX	New	CHEVRON CORP NEW	$4,616,000	–	37,096	–	1.31%	–
JPM	New	JPMORGAN CHASE & CO	$4,588,000	–	40,575	–	1.31%	–
NEE	New	NEXTERA ENERGY INC	$4,537,000	–	22,149	–	1.29%	–
CSX	New	CSX CORP	$4,495,000	–	58,096	–	1.28%	–
WDAY	New	WORKDAY INCcl a	$4,452,000	–	21,658	–	1.27%	–
SHOP	New	SHOPIFY INCcl a	$4,302,000	–	14,333	–	1.22%	–
FTV	New	FORTIVE CORP	$4,298,000	–	52,724	–	1.22%	–
PYPL	New	PAYPAL HLDGS INC	$4,121,000	–	36,001	–	1.17%	–
DHR	New	DANAHER CORPORATION	$4,097,000	–	28,669	–	1.17%	–
AAPL	New	APPLE INC	$3,926,000	–	19,835	–	1.12%	–
CSGP	New	COSTAR GROUP INC	$3,861,000	–	6,968	–	1.10%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,805,000	–	19,322	–	1.08%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,799,000	–	70,489	–	1.08%	–
EL	New	LAUDER ESTEE COS INCcl a	$3,751,000	–	20,486	–	1.07%	–
SAGE	New	SAGE THERAPEUTICS INC	$3,741,000	–	20,433	–	1.06%	–
EQIX	New	EQUINIX INC	$3,476,000	–	6,893	–	0.99%	–
ZTS	New	ZOETIS INCcl a	$3,464,000	–	30,520	–	0.99%	–
LNG	New	CHENIERE ENERGY INC	$3,379,000	–	49,358	–	0.96%	–
ILMN	New	ILLUMINA INC	$3,375,000	–	9,167	–	0.96%	–
VEEV	New	VEEVA SYS INC	$3,295,000	–	20,325	–	0.94%	–
FB	New	FACEBOOK INCcl a	$3,271,000	–	16,949	–	0.93%	–
CWB	New	SPDR SERIES TRUSTblmbrg brc cnvrt	$3,238,000	–	61,247	–	0.92%	–
GDDY	New	GODADDY INCcl a	$3,111,000	–	44,341	–	0.89%	–
TWLO	New	TWILIO INCcl a	$3,100,000	–	22,739	–	0.88%	–
EXAS	New	EXACT SCIENCES CORP	$3,097,000	–	26,234	–	0.88%	–
SPLK	New	SPLUNK INC	$3,026,000	–	24,062	–	0.86%	–
HD	New	HOME DEPOT INC	$3,016,000	–	14,502	–	0.86%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$2,968,000	–	34,656	–	0.84%	–
RTN	New	RAYTHEON CO	$2,953,000	–	16,984	–	0.84%	–
TWTR	New	TWITTER INC	$2,941,000	–	84,261	–	0.84%	–
APD	New	AIR PRODS & CHEMS INC	$2,907,000	–	12,844	–	0.83%	–
MTCH	New	MATCH GROUP INC	$2,885,000	–	42,893	–	0.82%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$2,846,000	–	18,732	–	0.81%	–
SQ	New	SQUARE INCcl a	$2,800,000	–	38,611	–	0.80%	–
BX	New	BLACKSTONE GROUP L P	$2,793,000	–	62,888	–	0.80%	–
EEM	New	ISHARES TRmsci emg mkt etf	$2,641,000	–	61,238	–	0.75%	–
ABMD	New	ABIOMED INC	$2,614,000	–	10,036	–	0.74%	–
WCN	New	WASTE CONNECTIONS INC	$2,589,000	–	27,085	–	0.74%	–
ISRG	New	INTUITIVE SURGICAL INC	$2,546,000	–	4,854	–	0.72%	–
SIVB	New	SVB FINL GROUP	$2,524,000	–	11,239	–	0.72%	–
NFLX	New	NETFLIX INC	$2,443,000	–	6,651	–	0.70%	–
OKTA	New	OKTA INCcl a	$2,323,000	–	18,806	–	0.66%	–
VCLT	New	VANGUARD SCOTTSDALE FDSlg-term cor bd	$2,176,000	–	22,460	–	0.62%	–
TMUS	New	T MOBILE US INC	$1,913,000	–	25,808	–	0.54%	–
MDB	New	MONGODB INCcl a	$1,903,000	–	12,515	–	0.54%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$1,854,000	–	23,028	–	0.53%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,809,000	–	14,545	–	0.52%	–
COP	New	CONOCOPHILLIPS	$1,761,000	–	28,869	–	0.50%	–
EFA	New	ISHARES TRmsci eafe etf	$1,568,000	–	23,856	–	0.45%	–
AGG	New	ISHARES TRcore us aggbd et	$1,497,000	–	13,443	–	0.43%	–
NGVT	New	INGEVITY CORP	$1,395,000	–	13,265	–	0.40%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,381,000	–	4,713	–	0.39%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$1,325,000	–	18,984	–	0.38%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$1,209,000	–	18,265	–	0.34%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$1,186,000	–	6,350	–	0.34%	–
GLD	New	SPDR GOLD TRUST	$1,158,000	–	8,859	–	0.33%	–
IGIB	New	ISHARES TRintrm tr crp etf	$1,122,000	–	19,702	–	0.32%	–
CSCO	New	CISCO SYS INC	$965,000	–	17,638	–	0.28%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$887,000	–	18,222	–	0.25%	–
DVY	New	ISHARES TRselect divid etf	$878,000	–	8,820	–	0.25%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$851,000	–	16,025	–	0.24%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$843,000	–	4,974	–	0.24%	–
MO	New	ALTRIA GROUP INC	$824,000	–	16,905	–	0.24%	–
LMT	New	LOCKHEED MARTIN CORP	$817,000	–	2,247	–	0.23%	–
CME	New	CME GROUP INC	$813,000	–	4,186	–	0.23%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$725,000	–	13,018	–	0.21%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$698,000	–	10,066	–	0.20%	–
PFF	New	ISHARES TRpfd and incm sec	$575,000	–	15,607	–	0.16%	–
JNJ	New	JOHNSON & JOHNSON	$569,000	–	4,087	–	0.16%	–
USMV	New	ISHARES TRmin vol usa etf	$556,000	–	9,002	–	0.16%	–
EMB	New	ISHARES TRjpmorgan usd emg	$552,000	–	4,870	–	0.16%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$514,000	–	6,188	–	0.15%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$498,000	–	12,864	–	0.14%	–
HDB	New	HDFC BANK LTDsponsored ads	$487,000	–	3,744	–	0.14%	–
HEWU	New	ISHARES TRmsci un kngdom	$488,000	–	18,695	–	0.14%	–
IGF	New	ISHARES TRglb infrastr etf	$465,000	–	10,055	–	0.13%	–
VZ	New	VERIZON COMMUNICATIONS INC	$453,000	–	7,831	–	0.13%	–
PFE	New	PFIZER INC	$408,000	–	9,408	–	0.12%	–
IWS	New	ISHARES TRrus mdcp val etf	$351,000	–	3,933	–	0.10%	–
EZU	New	ISHARES INCmsci eurzone etf	$346,000	–	8,741	–	0.10%	–
T	New	AT&T INC	$339,000	–	10,117	–	0.10%	–
HYG	New	ISHARES TRiboxx hi yd etf	$326,000	–	3,735	–	0.09%	–
EWG	New	ISHARES INCmsci germany etf	$292,000	–	10,398	–	0.08%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$272,000	–	2,085	–	0.08%	–
XOM	New	EXXON MOBIL CORP	$221,000	–	2,802	–	0.06%	–
PNW	New	PINNACLE WEST CAP CORP	$212,000	–	2,248	–	0.06%	–
IGSB	New	ISHARES TRsh tr crport etf	$206,000	–	3,860	–	0.06%	–
IP	New	INTL PAPER CO	$204,000	–	4,701	–	0.06%	–
IYF	New	ISHARES TRu.s. finls etf	$202,000	–	1,226	–	0.06%	–
HYS	New	PIMCO ETF TR0-5 high yield	$203,000	–	2,020	–	0.06%	–
PBCT	New	PEOPLES UTD FINL INC	$171,000	–	10,201	–	0.05%	–

Q4 2018

			Value		Shares		↓ Weighting
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-2,044	–	-0.06%	–
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-2,020	–	-0.06%	–
IGSB	Exit	ISHARES TRsh tr crport etf	$0	–	-5,090	–	-0.08%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-3,880	–	-0.08%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-7,585	–	-0.08%	–
ILF	Exit	ISHARES TRlatn amer 40 etf	$0	–	-9,549	–	-0.09%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-3,953	–	-0.09%	–
HTHT	Exit	HUAZHU GROUP LTDsponsored ads	$0	–	-10,200	–	-0.09%	–
PFE	Exit	PFIZER INC	$0	–	-7,569	–	-0.10%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,196	–	-0.10%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-4,156	–	-0.10%	–
CSCO	Exit	CISCO SYS INC	$0	–	-6,943	–	-0.10%	–
IP	Exit	INTL PAPER CO	$0	–	-6,909	–	-0.10%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-3,864	–	-0.10%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-2,202	–	-0.10%	–
HDB	Exit	HDFC BANK LTD	$0	–	-4,089	–	-0.11%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-9,788	–	-0.12%	–
USB	Exit	US BANCORP DEL	$0	–	-8,440	–	-0.13%	–
T	Exit	AT&T INC	$0	–	-14,200	–	-0.14%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-13,109	–	-0.14%	–
HEWU	Exit	ISHARES TRmsci un kngdom	$0	–	-20,653	–	-0.15%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,188	–	-0.15%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-12,091	–	-0.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-4,267	–	-0.17%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-10,484	–	-0.18%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-11,319	–	-0.18%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-13,413	–	-0.19%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,924	–	-0.19%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-4,591	–	-0.22%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-13,446	–	-0.24%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-8,820	–	-0.25%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-14,194	–	-0.25%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-8,323	–	-0.26%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-13,290	–	-0.27%	–
IGIB	Exit	ISHARES TRintrm tr crp etf	$0	–	-18,498	–	-0.28%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-18,954	–	-0.32%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-10,663	–	-0.32%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-18,736	–	-0.36%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-11,733	–	-0.39%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,807	–	-0.40%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-8,162	–	-0.43%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-24,063	–	-0.47%	–
VCLT	Exit	VANGUARD SCOTTSDALE FDSlg-term cor bd	$0	–	-20,360	–	-0.51%	–
TMUS	Exit	T MOBILE US INC	$0	–	-26,271	–	-0.53%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-8,852	–	-0.55%	–
CVNA	Exit	CARVANA COcl a	$0	–	-35,741	–	-0.60%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-49,673	–	-0.62%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-28,097	–	-0.62%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-28,174	–	-0.63%	–
RH	Exit	RH	$0	–	-17,165	–	-0.64%	–
LOXO	Exit	LOXO ONCOLOGY INC	$0	–	-13,412	–	-0.66%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-55,626	–	-0.68%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-22,036	–	-0.69%	–
NBIX	Exit	NEUROCRINE BIOSCIENCES INC	$0	–	-19,821	–	-0.70%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-14,658	–	-0.70%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-217,408	–	-0.70%	–
AAPL	Exit	APPLE INC	$0	–	-11,259	–	-0.73%	–
NGVT	Exit	INGEVITY CORP	$0	–	-26,400	–	-0.77%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-16,485	–	-0.78%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-30,919	–	-0.78%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-6,506	–	-0.78%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-47,390	–	-0.79%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-19,354	–	-0.81%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-20,028	–	-0.84%	–
CSX	Exit	CSX CORP	$0	–	-42,895	–	-0.91%	–
HEI	Exit	HEICO CORP NEW	$0	–	-34,320	–	-0.91%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-5,690	–	-0.94%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-13,477	–	-0.94%	–
HD	Exit	HOME DEPOT INC	$0	–	-15,989	–	-0.95%	–
RTN	Exit	RAYTHEON CO	$0	–	-16,262	–	-0.96%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-48,479	–	-0.96%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-23,375	–	-0.97%	–
ABMD	Exit	ABIOMED INC	$0	–	-7,558	–	-0.97%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-35,479	–	-0.99%	–
SPLK	Exit	SPLUNK INC	$0	–	-29,630	–	-1.03%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-21,991	–	-1.04%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-9,408	–	-1.06%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-45,006	–	-1.08%	–
WBT	Exit	WELBILT INC	$0	–	-180,193	–	-1.08%	–
ILMN	Exit	ILLUMINA INC	$0	–	-10,315	–	-1.08%	–
BAC	Exit	BANK AMER CORP	$0	–	-131,289	–	-1.11%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-82,339	–	-1.16%	–
NFLX	Exit	NETFLIX INC	$0	–	-10,963	–	-1.18%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-35,320	–	-1.24%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-17,342	–	-1.24%	–
CWB	Exit	SPDR SERIES TRUSTblmbrg brc cnvrt	$0	–	-81,867	–	-1.26%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-23,809	–	-1.33%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-97,018	–	-1.42%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-37,370	–	-1.48%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-69,374	–	-1.49%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-46,779	–	-1.53%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-41,568	–	-1.57%	–
SQ	Exit	SQUARE INCcl a	$0	–	-57,966	–	-1.64%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-21,736	–	-1.68%	–
FTV	Exit	FORTIVE CORP	$0	–	-72,178	–	-1.74%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-56,488	–	-1.84%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-112,807	–	-1.95%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-151,305	–	-1.98%	–
BAX	Exit	BAXTER INTL INC	$0	–	-93,162	–	-2.06%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-26,147	–	-2.11%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-28,139	–	-2.17%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-37,749	–	-2.41%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-72,979	–	-2.42%	–
SIVB	Exit	SVB FINL GROUP	$0	–	-28,771	–	-2.56%	–
NOW	Exit	SERVICENOW INC	$0	–	-48,522	–	-2.72%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,709	–	-3.28%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-78,471	–	-3.37%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-70,549	–	-3.41%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-122,126	–	-3.94%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-125,100	–	-3.96%	–

Q3 2018

			Value		Shares		↓ Weighting
TIP	Sell	ISHARES TRtips bd etf	$13,823,000	-3.8%	125,100	-1.7%	3.96%	-8.8%
GLD	Sell	SPDR GOLD TRUST	$13,748,000	+0.4%	122,126	-0.8%	3.94%	-4.9%
IWM	Sell	ISHARES TRrussell 2000 etf	$11,899,000	+1.3%	70,549	-1.6%	3.41%	-4.0%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$11,762,000	-11.8%	78,471	-17.3%	3.37%	-16.5%
AMZN	Buy	AMAZON COM INC	$11,435,000	+35.0%	5,709	+18.7%	3.28%	+28.0%
NOW	Buy	SERVICENOW INC	$9,492,000	+30.6%	48,522	+15.1%	2.72%	+23.8%
SIVB	Buy	SVB FINL GROUP	$8,943,000	+22.8%	28,771	+14.1%	2.56%	+16.3%
MSFT	Sell	MICROSOFT CORP	$8,443,000	+15.2%	72,979	-0.6%	2.42%	+9.2%
MA	Buy	MASTERCARD INCORPORATEDcl a	$8,403,000	+13.4%	37,749	+0.1%	2.41%	+7.5%
UNH	Buy	UNITEDHEALTH GROUP INC	$7,579,000	+10.3%	28,139	+1.8%	2.17%	+4.5%
ULTA	Buy	ULTA BEAUTY INC	$7,377,000	+44.1%	26,147	+19.3%	2.11%	+36.7%
BAX	Buy	BAXTER INTL INC	$7,182,000	+5.5%	93,162	+1.0%	2.06%	0.0%
IEV	Sell	ISHARES TReurope etf	$6,927,000	-23.3%	151,305	-23.8%	1.98%	-27.3%
EWJ	Sell	ISHARES INCmsci jpn etf new	$6,792,000	-62.9%	112,807	-64.3%	1.95%	-64.8%
JPM	Buy	JPMORGAN CHASE & CO	$6,425,000	+10.2%	56,488	+1.9%	1.84%	+4.5%
FTV	Buy	FORTIVE CORP	$6,077,000	+10.4%	72,178	+1.1%	1.74%	+4.6%
ADBE	Sell	ADOBE SYS INC	$5,868,000	+10.4%	21,736	-0.3%	1.68%	+4.6%
SQ	Buy	SQUARE INCcl a	$5,739,000	+76.8%	57,966	+10.1%	1.64%	+67.6%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$5,485,000	+17.3%	41,568	+2.3%	1.57%	+11.2%
XPO	Buy	XPO LOGISTICS INC	$5,341,000	+75.6%	46,779	+54.1%	1.53%	+66.3%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$5,195,000	+3.8%	69,374	+2.0%	1.49%	-1.5%
TTWO	Buy	TAKE-TWO INTERACTIVE SOFTWAR	$5,157,000	+70.1%	37,370	+45.9%	1.48%	+61.4%
FLOT	Buy	ISHARES TRfltg rate nt etf	$4,950,000	+51.1%	97,018	+51.1%	1.42%	+43.2%
SPGI	Buy	S&P GLOBAL INC	$4,652,000	-0.5%	23,809	+3.8%	1.33%	-5.7%
CWB	Sell	SPDR SERIES TRUSTblmbrg brc cnvrt	$4,416,000	-5.0%	81,867	-0.1%	1.26%	-10.0%
IDXX	Buy	IDEXX LABS INC	$4,330,000	+62.6%	17,342	+41.9%	1.24%	+54.2%
CVX	Buy	CHEVRON CORP NEW	$4,319,000	-2.1%	35,320	+1.2%	1.24%	-7.2%
NFLX	Buy	NETFLIX INC	$4,102,000	+11.8%	10,963	+17.0%	1.18%	+6.0%
VTIP	Sell	VANGUARD MALVERN FDSstrm infproidx	$4,063,000	-5.5%	82,339	-4.6%	1.16%	-10.5%
BAC	Buy	BANK AMER CORP	$3,868,000	+12.1%	131,289	+7.3%	1.11%	+6.2%
ILMN	Buy	ILLUMINA INC	$3,786,000	+71.6%	10,315	+30.6%	1.08%	+62.7%
WBT	Buy	WELBILT INC	$3,762,000	-6.0%	180,193	+0.5%	1.08%	-10.8%
GDDY	Buy	GODADDY INCcl a	$3,753,000	+83.7%	45,006	+55.6%	1.08%	+73.9%
ALGN	Buy	ALIGN TECHNOLOGY INC	$3,681,000	+80.0%	9,408	+57.4%	1.06%	+70.7%
SHOP	Buy	SHOPIFY INCcl a	$3,617,000	+64.7%	21,991	+46.1%	1.04%	+56.0%
SPLK	Buy	SPLUNK INC	$3,583,000	+79.7%	29,630	+47.3%	1.03%	+70.3%
BMRN	Buy	BIOMARIN PHARMACEUTICAL INC	$3,440,000	+25.9%	35,479	+22.3%	0.99%	+19.4%
ABMD	Buy	ABIOMED INC	$3,399,000	+99.8%	7,558	+81.8%	0.97%	+89.5%
AMT	Buy	AMERICAN TOWER CORP NEW	$3,396,000	+2.3%	23,375	+1.5%	0.97%	-3.1%
LNG	Buy	CHENIERE ENERGY INC	$3,369,000	+57.2%	48,479	+47.5%	0.96%	+48.9%
RTN	Buy	RAYTHEON CO	$3,361,000	+6.3%	16,262	+1.0%	0.96%	+0.7%
HD	Sell	HOME DEPOT INC	$3,312,000	+5.2%	15,989	-0.9%	0.95%	-0.3%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$3,289,000	+27.1%	13,477	+7.9%	0.94%	+20.5%
ISRG	Buy	INTUITIVE SURGICAL INC	$3,266,000	+58.5%	5,690	+32.2%	0.94%	+50.2%
HEI	Buy	HEICO CORP NEW	$3,178,000	+57.7%	34,320	+24.2%	0.91%	+49.6%
CSX	Buy	CSX CORP	$3,176,000	+18.9%	42,895	+2.4%	0.91%	+12.6%
WDAY	Buy	WORKDAY INCcl a	$2,924,000	+96.0%	20,028	+62.6%	0.84%	+85.8%
EL	Buy	LAUDER ESTEE COS INCcl a	$2,813,000	+15.1%	19,354	+13.0%	0.81%	+9.1%
MTCH	New	MATCH GROUP INC	$2,744,000	–	47,390	–	0.79%	–
CSGP	Buy	COSTAR GROUP INC	$2,738,000	+52.4%	6,506	+49.4%	0.78%	+44.6%
PYPL	Buy	PAYPAL HLDGS INC	$2,716,000	+59.2%	30,919	+50.9%	0.78%	+50.8%
FB	Sell	FACEBOOK INCcl a	$2,711,000	-15.5%	16,485	-0.2%	0.78%	-19.9%
NGVT	Buy	INGEVITY CORP	$2,690,000	+30.8%	26,400	+3.8%	0.77%	+24.0%
AAPL	Buy	APPLE INC	$2,542,000	+23.0%	11,259	+1.2%	0.73%	+16.5%
IAU	Sell	ISHARES GOLD TRUSTishares	$2,459,000	-39.2%	217,408	-35.6%	0.70%	-42.4%
NEE	Sell	NEXTERA ENERGY INC	$2,457,000	-0.8%	14,658	-1.1%	0.70%	-6.0%
NBIX	New	NEUROCRINE BIOSCIENCES INC	$2,437,000	–	19,821	–	0.70%	–
VEEV	Buy	VEEVA SYS INC	$2,399,000	+75.5%	22,036	+23.9%	0.69%	+66.3%
MDLZ	Buy	MONDELEZ INTL INCcl a	$2,390,000	+8.3%	55,626	+3.3%	0.68%	+2.7%
LOXO	Buy	LOXO ONCOLOGY INC	$2,291,000	+62.0%	13,412	+64.6%	0.66%	+53.6%
RH	Buy	RH	$2,249,000	+70.2%	17,165	+81.6%	0.64%	+61.4%
BSV	Buy	VANGUARD BD INDEX FD INCshort trm bond	$2,198,000	+26.0%	28,174	+26.3%	0.63%	+19.3%
COP	Buy	CONOCOPHILLIPS	$2,175,000	+12.9%	28,097	+1.5%	0.62%	+6.9%
EEM	Sell	ISHARES TRmsci emg mkt etf	$2,145,000	-36.2%	49,673	-35.4%	0.62%	-39.5%
CVNA	New	CARVANA COcl a	$2,112,000	–	35,741	–	0.60%	–
STZ	Buy	CONSTELLATION BRANDS INCcl a	$1,909,000	+0.6%	8,852	+2.1%	0.55%	-4.5%
TMUS	Buy	T MOBILE US INC	$1,844,000	+18.4%	26,271	+0.8%	0.53%	+12.1%
VCLT	Buy	VANGUARD SCOTTSDALE FDSlg-term cor bd	$1,791,000	+4.7%	20,360	+4.2%	0.51%	-0.8%
EFA	Sell	ISHARES TRmsci eafe etf	$1,636,000	+0.4%	24,063	-1.1%	0.47%	-4.7%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,397,000	-45.2%	4,807	-48.8%	0.40%	-48.1%
LQD	Buy	ISHARES TRiboxx inv cp etf	$1,348,000	+14.5%	11,733	+14.2%	0.39%	+8.4%
NOBL	Sell	PROSHARES TRs&p 500 dv arist	$1,252,000	-13.5%	18,736	-19.3%	0.36%	-17.8%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$1,098,000	+9.7%	18,954	+2.2%	0.32%	+4.0%
IGIB	Buy	ISHARES TRintrm tr crp etf	$982,000	+1.2%	18,498	+102.6%	0.28%	-4.1%
AAXJ	Sell	ISHARES TRmsci ac asia etf	$938,000	-20.6%	13,290	-19.4%	0.27%	-24.6%
EMB	Buy	ISHARES TRjpmorgan usd emg	$897,000	+1.5%	8,323	+0.6%	0.26%	-3.7%
MO	Sell	ALTRIA GROUP INC	$886,000	+1.7%	14,194	-4.1%	0.25%	-3.4%
HEDJ	Sell	WISDOMTREE TReurope hedged eq	$850,000	-4.7%	13,446	-4.9%	0.24%	-9.6%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$756,000	+5.6%	4,591	+19.0%	0.22%	+0.5%
LMT	Sell	LOCKHEED MARTIN CORP	$666,000	+9.0%	1,924	-6.2%	0.19%	+3.2%
GII	Sell	SPDR INDEX SHS FDSs&p gblinf etf	$649,000	-44.5%	13,413	-43.4%	0.19%	-47.5%
KHC	Sell	KRAFT HEINZ CO	$623,000	-18.0%	10,484	-6.5%	0.18%	-22.2%
JNJ	Sell	JOHNSON & JOHNSON	$590,000	+6.5%	4,267	-6.6%	0.17%	+1.2%
XOM	Sell	EXXON MOBIL CORP	$533,000	-4.3%	6,188	-6.8%	0.15%	-8.9%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$534,000	+53.4%	12,091	+27.0%	0.15%	+45.7%
PFF	Buy	ISHARES TRs&p us pfd stk	$487,000	+16.0%	13,109	+17.6%	0.14%	+10.2%
T	Sell	AT&T INC	$477,000	-2.3%	14,200	-6.5%	0.14%	-7.4%
USB	Sell	US BANCORP DEL	$446,000	-14.1%	8,440	-18.7%	0.13%	-18.5%
IGF	Sell	ISHARES TRglb infrastr etf	$412,000	-60.3%	9,788	-59.5%	0.12%	-62.4%
HDB	Buy	HDFC BANK LTD	$385,000	+10.6%	4,089	+23.3%	0.11%	+4.8%
VUG	Sell	VANGUARD INDEX FDSgrowth etf	$355,000	-67.0%	2,202	-69.4%	0.10%	-68.7%
IWS	Sell	ISHARES TRrus mdcp val etf	$346,000	-16.6%	3,864	-18.2%	0.10%	-20.8%
IP	Sell	INTL PAPER CO	$340,000	-14.4%	6,909	-9.4%	0.10%	-19.2%
CSCO	Sell	CISCO SYS INC	$338,000	-2.9%	6,943	-14.3%	0.10%	-7.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$336,000	-6.4%	6,196	-11.6%	0.10%	-11.9%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$335,000	-47.6%	4,156	-47.1%	0.10%	-50.3%
PFE	Sell	PFIZER INC	$334,000	+5.7%	7,569	-13.0%	0.10%	0.0%
HTHT	Buy	HUAZHU GROUP LTDsponsored ads	$329,000	-22.2%	10,200	+1.2%	0.09%	-26.6%
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$311,000	-58.5%	3,953	-58.2%	0.09%	-60.6%
ILF	Sell	ISHARES TRlatn amer 40 etf	$300,000	-16.2%	9,549	-21.1%	0.09%	-20.4%
RWX	Buy	SPDR INDEX SHS FDSdj intl rl etf	$290,000	0.0%	7,585	+2.3%	0.08%	-5.7%
ACWI	Sell	ISHARES TRmsci acwi etf	$288,000	-96.4%	3,880	-96.1%	0.08%	-96.5%
IGSB	Buy	ISHARES TRsh tr crport etf	$264,000	0.0%	5,090	+100.0%	0.08%	-5.0%
SDY	New	SPDR SERIES TRUSTs&p divid etf	$200,000	–	2,044	–	0.06%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-13,256	–	-0.06%	–
TAL	Exit	TAL ED GROUPsponsored ads	$0	–	-6,247	–	-0.07%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,925	–	-0.07%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-3,600	–	-0.08%	–
VXUS	Exit	VANGUARD STAR FDvg tl intl stk f	$0	–	-4,955	–	-0.08%	–
TJX	Exit	TJX COS INC NEW	$0	–	-2,842	–	-0.08%	–
IFGL	Exit	ISHARES TRintl dev re etf	$0	–	-12,027	–	-0.11%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-3,804	–	-0.13%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Iunit ben int	$0	–	-26,124	–	-0.14%	–
DBB	Exit	INVESCO DB MLTI SECTR CMMTYbase metals fd	$0	–	-30,147	–	-0.16%	–
GUNR	Exit	FLEXSHARES TRmornstar upstr	$0	–	-21,269	–	-0.22%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-18,027	–	-0.38%	–
HRI	Exit	HERC HLDGS INC	$0	–	-24,272	–	-0.41%	–
TSLA	Exit	TESLA INC	$0	–	-5,953	–	-0.65%	–

Q2 2018

			Value		Shares		↓ Weighting
EWJ	New	ISHARES INCmsci jpn etf new	$18,303,000	–	316,079	–	5.53%	–
TIP	New	ISHARES TRtips bd etf	$14,369,000	–	127,320	–	4.34%	–
GLD	New	SPDR GOLD TRUST	$13,700,000	–	123,124	–	4.14%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$13,343,000	–	94,880	–	4.03%	–
IWM	New	ISHARES TRrussell 2000 etf	$11,748,000	–	71,681	–	3.55%	–
IEV	New	ISHARES TReurope etf	$9,033,000	–	198,668	–	2.73%	–
AMZN	New	AMAZON COM INC	$8,469,000	–	4,809	–	2.56%	–
ACWI	New	ISHARES TRmsci acwi etf	$7,929,000	–	99,069	–	2.40%	–
MA	New	MASTERCARD INCORPORATEDcl a	$7,409,000	–	37,702	–	2.24%	–
MSFT	New	MICROSOFT CORP	$7,326,000	–	73,383	–	2.22%	–
SIVB	New	SVB FINL GROUP	$7,283,000	–	25,223	–	2.20%	–
NOW	New	SERVICENOW INC	$7,269,000	–	42,145	–	2.20%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,874,000	–	27,644	–	2.08%	–
BAX	New	BAXTER INTL INC	$6,808,000	–	92,205	–	2.06%	–
JPM	New	JPMORGAN CHASE & CO	$5,829,000	–	55,451	–	1.76%	–
FTV	New	FORTIVE CORP	$5,506,000	–	71,400	–	1.66%	–
ADBE	New	ADOBE SYS INC	$5,316,000	–	21,802	–	1.61%	–
ULTA	New	ULTA BEAUTY INC	$5,118,000	–	21,924	–	1.55%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$5,003,000	–	68,021	–	1.51%	–
SPGI	New	S&P GLOBAL INC	$4,677,000	–	22,938	–	1.41%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$4,676,000	–	40,625	–	1.41%	–
CWB	New	SPDR SERIES TRUSTblmbrg brc cnvrt	$4,648,000	–	81,948	–	1.40%	–
CVX	New	CHEVRON CORP NEW	$4,413,000	–	34,902	–	1.33%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$4,301,000	–	86,277	–	1.30%	–
IAU	New	ISHARES GOLD TRUSTishares	$4,046,000	–	337,362	–	1.22%	–
WBT	New	WELBILT INC	$4,000,000	–	179,290	–	1.21%	–
NFLX	New	NETFLIX INC	$3,668,000	–	9,372	–	1.11%	–
BAC	New	BANK AMER CORP	$3,449,000	–	122,363	–	1.04%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,362,000	–	76,843	–	1.02%	–
AMT	New	AMERICAN TOWER CORP NEW	$3,321,000	–	23,036	–	1.00%	–
FLOT	New	ISHARES TRfltg rate nt etf	$3,275,000	–	64,211	–	0.99%	–
SQ	New	SQUARE INCcl a	$3,246,000	–	52,654	–	0.98%	–
FB	New	FACEBOOK INCcl a	$3,210,000	–	16,518	–	0.97%	–
RTN	New	RAYTHEON CO	$3,162,000	–	16,100	–	0.96%	–
HD	New	HOME DEPOT INC	$3,149,000	–	16,138	–	0.95%	–
XPO	New	XPO LOGISTICS INC	$3,042,000	–	30,365	–	0.92%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$3,031,000	–	25,609	–	0.92%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$2,733,000	–	29,012	–	0.83%	–
CSX	New	CSX CORP	$2,672,000	–	41,893	–	0.81%	–
IDXX	New	IDEXX LABS INC	$2,663,000	–	12,221	–	0.80%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$2,588,000	–	12,493	–	0.78%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,547,000	–	9,388	–	0.77%	–
NEE	New	NEXTERA ENERGY INC	$2,476,000	–	14,823	–	0.75%	–
EL	New	LAUDER ESTEE COS INCcl a	$2,445,000	–	17,132	–	0.74%	–
ILMN	New	ILLUMINA INC	$2,206,000	–	7,898	–	0.67%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,207,000	–	53,826	–	0.67%	–
SHOP	New	SHOPIFY INCcl a	$2,196,000	–	15,053	–	0.66%	–
LNG	New	CHENIERE ENERGY INC	$2,143,000	–	32,870	–	0.65%	–
TSLA	New	TESLA INC	$2,137,000	–	5,953	–	0.65%	–
AAPL	New	APPLE INC	$2,067,000	–	11,128	–	0.62%	–
ISRG	New	INTUITIVE SURGICAL INC	$2,060,000	–	4,305	–	0.62%	–
NGVT	New	INGEVITY CORP	$2,056,000	–	25,431	–	0.62%	–
GDDY	New	GODADDY INCcl a	$2,043,000	–	28,932	–	0.62%	–
ALGN	New	ALIGN TECHNOLOGY INC	$2,045,000	–	5,976	–	0.62%	–
HEI	New	HEICO CORP NEW	$2,015,000	–	27,627	–	0.61%	–
SPLK	New	SPLUNK INC	$1,994,000	–	20,118	–	0.60%	–
COP	New	CONOCOPHILLIPS	$1,927,000	–	27,676	–	0.58%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$1,897,000	–	8,669	–	0.57%	–
CSGP	New	COSTAR GROUP INC	$1,797,000	–	4,354	–	0.54%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$1,745,000	–	22,315	–	0.53%	–
VCLT	New	VANGUARD SCOTTSDALE FDSlg-term cor bd	$1,711,000	–	19,540	–	0.52%	–
PYPL	New	PAYPAL HLDGS INC	$1,706,000	–	20,491	–	0.52%	–
ABMD	New	ABIOMED INC	$1,701,000	–	4,158	–	0.51%	–
EFA	New	ISHARES TRmsci eafe etf	$1,629,000	–	24,329	–	0.49%	–
TMUS	New	T MOBILE US INC	$1,558,000	–	26,067	–	0.47%	–
WDAY	New	WORKDAY INCcl a	$1,492,000	–	12,317	–	0.45%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$1,447,000	–	23,209	–	0.44%	–
LOXO	New	LOXO ONCOLOGY INC	$1,414,000	–	8,148	–	0.43%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$1,401,000	–	8,162	–	0.42%	–
HRI	New	HERC HLDGS INC	$1,367,000	–	24,272	–	0.41%	–
VEEV	New	VEEVA SYS INC	$1,367,000	–	17,785	–	0.41%	–
RH	New	RH	$1,321,000	–	9,453	–	0.40%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$1,252,000	–	18,027	–	0.38%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$1,181,000	–	16,479	–	0.36%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,177,000	–	10,273	–	0.36%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$1,170,000	–	23,695	–	0.35%	–
AGG	New	ISHARES TRcore us aggbd et	$1,134,000	–	10,663	–	0.34%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$1,077,000	–	7,186	–	0.33%	–
IGF	New	ISHARES TRglb infrastr etf	$1,039,000	–	24,180	–	0.31%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$1,001,000	–	18,544	–	0.30%	–
IGIB	New	ISHARES TRintrmd cr bd etf	$970,000	–	9,129	–	0.29%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$892,000	–	14,134	–	0.27%	–
EMB	New	ISHARES TRjpmorgan usd emg	$884,000	–	8,275	–	0.27%	–
MO	New	ALTRIA GROUP INC	$871,000	–	14,802	–	0.26%	–
DVY	New	ISHARES TRselect divid etf	$862,000	–	8,820	–	0.26%	–
KHC	New	KRAFT HEINZ CO	$760,000	–	11,211	–	0.23%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$749,000	–	9,464	–	0.23%	–
GUNR	New	FLEXSHARES TRmornstar upstr	$721,000	–	21,269	–	0.22%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$716,000	–	3,859	–	0.22%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$639,000	–	7,849	–	0.19%	–
LMT	New	LOCKHEED MARTIN CORP	$611,000	–	2,052	–	0.18%	–
USMV	New	ISHARES TRmin vol usa etf	$602,000	–	11,319	–	0.18%	–
XOM	New	EXXON MOBIL CORP	$557,000	–	6,641	–	0.17%	–
JNJ	New	JOHNSON & JOHNSON	$554,000	–	4,567	–	0.17%	–
HEWU	New	ISHARES TRmsci un kngdom	$545,000	–	20,653	–	0.16%	–
DBB	New	INVESCO DB MLTI SECTR CMMTYbase metals fd	$530,000	–	30,147	–	0.16%	–
USB	New	US BANCORP DEL	$519,000	–	10,384	–	0.16%	–
T	New	AT&T INC	$488,000	–	15,184	–	0.15%	–
GSG	New	ISHARES S&P GSCI COMMODITY Iunit ben int	$468,000	–	26,124	–	0.14%	–
DHR	New	DANAHER CORP DEL	$443,000	–	3,804	–	0.13%	–
HTHT	New	HUAZHU GROUP LTDsponsored ads	$423,000	–	10,083	–	0.13%	–
PFF	New	ISHARES TRs&p us pfd stk	$420,000	–	11,148	–	0.13%	–
IWS	New	ISHARES TRrus mdcp val etf	$415,000	–	4,721	–	0.12%	–
IP	New	INTL PAPER CO	$397,000	–	7,628	–	0.12%	–
VZ	New	VERIZON COMMUNICATIONS INC	$359,000	–	7,011	–	0.11%	–
ILF	New	ISHARES TRlatn amer 40 etf	$358,000	–	12,106	–	0.11%	–
IFGL	New	ISHARES TRintl dev re etf	$351,000	–	12,027	–	0.11%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$348,000	–	9,517	–	0.10%	–
HDB	New	HDFC BANK LTD	$348,000	–	3,317	–	0.10%	–
CSCO	New	CISCO SYS INC	$348,000	–	8,098	–	0.10%	–
PFE	New	PFIZER INC	$316,000	–	8,700	–	0.10%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$290,000	–	7,418	–	0.09%	–
TJX	New	TJX COS INC NEW	$271,000	–	2,842	–	0.08%	–
VXUS	New	VANGUARD STAR FDvg tl intl stk f	$268,000	–	4,955	–	0.08%	–
IGSB	New	ISHARES TR1 3 yr cr bd etf	$264,000	–	2,545	–	0.08%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$249,000	–	3,600	–	0.08%	–
SBUX	New	STARBUCKS CORP	$241,000	–	4,925	–	0.07%	–
TAL	New	TAL ED GROUPsponsored ads	$230,000	–	6,247	–	0.07%	–
HYS	New	PIMCO ETF TR0-5 high yield	$201,000	–	2,020	–	0.06%	–
SLV	New	ISHARES SILVER TRUSTishares	$201,000	–	13,256	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
GSG	Exit	ISHARES S&P GSCI COMMODITY Iunit ben int	$0	–	-13,890	–	-0.08%	–
DBB	Exit	POWERSHS DB MULTI SECT COMMdb base metals	$0	–	-11,456	–	-0.08%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-13,256	–	-0.08%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-4,424	–	-0.10%	–
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-7,135	–	-0.10%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$0	–	-826	–	-0.10%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-7,253	–	-0.10%	–
DY	Exit	DYCOM INDS INC	$0	–	-3,261	–	-0.11%	–
DXCM	Exit	DEXCOM INC	$0	–	-5,784	–	-0.11%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-2,780	–	-0.12%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-5,526	–	-0.12%	–
EWC	Exit	ISHARES INCmsci cda etf	$0	–	-10,584	–	-0.12%	–
PBCT	Exit	PEOPLES UNITED FINANCIAL INC	$0	–	-16,952	–	-0.12%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-1,387	–	-0.12%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-12,808	–	-0.12%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-5,283	–	-0.13%	–
CGNX	Exit	COGNEX CORP	$0	–	-2,958	–	-0.13%	–
HAS	Exit	HASBRO INC	$0	–	-3,523	–	-0.13%	–
PPL	Exit	PPL CORP	$0	–	-9,206	–	-0.13%	–
IFGL	Exit	ISHARES TRintl dev re etf	$0	–	-12,027	–	-0.13%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-3,060	–	-0.14%	–
AL	Exit	AIR LEASE CORPcl a	$0	–	-8,565	–	-0.14%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-7,252	–	-0.14%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-2,850	–	-0.14%	–
SQ	Exit	SQUARE INCcl a	$0	–	-12,946	–	-0.14%	–
GUNR	Exit	FLEXSHARES TRmornstar upstr	$0	–	-12,181	–	-0.14%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-4,655	–	-0.15%	–
EPP	Exit	ISHARES INCmsci pac jp etf	$0	–	-8,613	–	-0.15%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-4,398	–	-0.15%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-2,343	–	-0.15%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-9,462	–	-0.16%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-4,247	–	-0.16%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-2,240	–	-0.17%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-5,245	–	-0.17%	–
CME	Exit	CME GROUP INC	$0	–	-3,326	–	-0.17%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-1,697	–	-0.17%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-11,938	–	-0.18%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-3,066	–	-0.18%	–
ILF	Exit	ISHARES TRlatn amer 40 etf	$0	–	-13,278	–	-0.18%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-5,652	–	-0.18%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-10,688	–	-0.18%	–
NOW	Exit	SERVICENOW INC	$0	–	-4,086	–	-0.18%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,666	–	-0.19%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-4,768	–	-0.19%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-6,160	–	-0.19%	–
HEI	Exit	HEICO CORP NEW	$0	–	-5,602	–	-0.19%	–
INCY	Exit	INCYTE CORP	$0	–	-4,312	–	-0.19%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-3,256	–	-0.19%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-4,845	–	-0.20%	–
URI	Exit	UNITED RENTALS INC	$0	–	-3,775	–	-0.20%	–
SPLK	Exit	SPLUNK INC	$0	–	-8,053	–	-0.20%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-2,726	–	-0.20%	–
NFLX	Exit	NETFLIX INC	$0	–	-3,118	–	-0.21%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-14,612	–	-0.22%	–
IGSB	Exit	ISHARES TR1 3 yr cr bd etf	$0	–	-5,463	–	-0.22%	–
CSCO	Exit	CISCO SYS INC	$0	–	-17,225	–	-0.22%	–
EWZ	Exit	ISHARES INCmsci brz cap etf	$0	–	-15,000	–	-0.24%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-5,818	–	-0.24%	–
IP	Exit	INTL PAPER CO	$0	–	-11,367	–	-0.24%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,090	–	-0.25%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-9,810	–	-0.25%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-7,353	–	-0.26%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-6,641	–	-0.28%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-10,687	–	-0.28%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-9,273	–	-0.29%	–
PFE	Exit	PFIZER INC	$0	–	-22,187	–	-0.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-6,376	–	-0.31%	–
T	Exit	AT&T INC	$0	–	-21,455	–	-0.32%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-9,073	–	-0.32%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-7,186	–	-0.36%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-8,215	–	-0.36%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,161	–	-0.37%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-12,166	–	-0.38%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-9,293	–	-0.43%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-16,403	–	-0.45%	–
HEWU	Exit	ISHARES TRmsci un kngdom	$0	–	-50,284	–	-0.46%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-26,820	–	-0.46%	–
IGIB	Exit	ISHARES TRintrmd cr bd etf	$0	–	-11,268	–	-0.47%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-24,501	–	-0.48%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-9,073	–	-0.50%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-6,740	–	-0.51%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-22,710	–	-0.51%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-25,691	–	-0.53%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-23,503	–	-0.58%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-23,829	–	-0.58%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-31,806	–	-0.60%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-10,317	–	-0.61%	–
PPG	Exit	PPG INDS INC	$0	–	-16,453	–	-0.68%	–
VMC	Exit	VULCAN MATLS CO	$0	–	-15,387	–	-0.70%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-12,674	–	-0.71%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-7,841	–	-0.75%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-18,595	–	-0.83%	–
AGN	Exit	ALLERGAN PLC	$0	–	-10,774	–	-0.84%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-9,066	–	-0.85%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-45,038	–	-0.87%	–
TMUS	Exit	T MOBILE US INC	$0	–	-37,671	–	-0.88%	–
USB	Exit	US BANCORP DEL	$0	–	-43,388	–	-0.88%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-15,946	–	-0.89%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,361	–	-0.89%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-30,971	–	-0.93%	–
CELG	Exit	CELGENE CORP	$0	–	-18,252	–	-1.01%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-29,926	–	-1.02%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-225,489	–	-1.05%	–
RTN	Exit	RAYTHEON CO	$0	–	-14,806	–	-1.07%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-32,629	–	-1.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-17,732	–	-1.10%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-21,810	–	-1.13%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-37,352	–	-1.13%	–
SIVB	Exit	SVB FINL GROUP	$0	–	-16,490	–	-1.17%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-31,953	–	-1.17%	–
TJX	Exit	TJX COS INC NEW	$0	–	-42,407	–	-1.18%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-39,933	–	-1.22%	–
CWB	Exit	SPDR SERIES TRUSTblmbrg brc cnvrt	$0	–	-64,856	–	-1.26%	–
AAPL	Exit	APPLE INC	$0	–	-22,011	–	-1.29%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-74,775	–	-1.32%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-74,173	–	-1.42%	–
WBT	Exit	WELBILT INC	$0	–	-166,919	–	-1.46%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-27,219	–	-1.54%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-68,073	–	-1.77%	–
FTV	Exit	FORTIVE CORP	$0	–	-66,587	–	-1.79%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-25,550	–	-1.92%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-35,860	–	-1.92%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-29,737	–	-1.93%	–
BAX	Exit	BAXTER INTL INC	$0	–	-84,689	–	-2.01%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-76,785	–	-2.19%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-95,524	–	-2.79%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-51,700	–	-2.90%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-195,886	–	-3.53%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-114,699	–	-4.99%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-128,953	–	-5.56%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-130,566	–	-6.42%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-341,298	–	-7.20%	–

Q3 2017

			Value		Shares		↓ Weighting
EWJ	Buy	ISHARES INCmsci jpn etf new	$19,008,000	+7.1%	341,298	+3.2%	7.20%	+7.6%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$16,930,000	-0.5%	130,566	-4.5%	6.42%	0.0%
TIP	Sell	ISHARES TRtips bd etf	$14,655,000	-3.0%	128,953	-3.0%	5.56%	-2.5%
GLD	Buy	SPDR GOLD TRUST	$13,175,000	-2.3%	114,699	+0.3%	4.99%	-1.8%
IEV	Sell	ISHARES TReurope etf	$9,303,000	-55.5%	195,886	-58.2%	3.53%	-55.3%
IWM	Buy	ISHARES TRrussell 2000 etf	$7,665,000	+45.7%	51,700	+38.8%	2.90%	+46.3%
ACWI	Buy	ISHARES TRmsci acwi etf	$7,370,000	+811.0%	95,524	+673.3%	2.79%	+816.1%
MSFT	Sell	MICROSOFT CORP	$5,771,000	+2.3%	76,785	-4.5%	2.19%	+2.8%
BAX	Buy	BAXTER INTL INC	$5,314,000	+9.7%	84,689	+5.9%	2.01%	+10.2%
FB	Buy	FACEBOOK INCcl a	$5,081,000	+13.3%	29,737	+1.9%	1.93%	+13.8%
MA	Sell	MASTERCARD INCORPORATEDcl a	$5,063,000	+12.0%	35,860	-2.1%	1.92%	+12.6%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,059,000	+8.6%	25,550	+3.1%	1.92%	+9.1%
FTV	Buy	FORTIVE CORP	$4,714,000	+14.9%	66,587	+2.9%	1.79%	+15.5%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$4,677,000	-1.3%	68,073	-4.2%	1.77%	-0.8%
ADBE	Buy	ADOBE SYS INC	$4,061,000	+10.5%	27,219	+4.8%	1.54%	+11.0%
WBT	Sell	WELBILT INC	$3,847,000	+16.5%	166,919	-3.2%	1.46%	+17.0%
VTIP	Buy	VANGUARD MALVERN FDSstrm infproidx	$3,734,000	+2.5%	74,173	+0.3%	1.42%	+3.0%
EEM	Buy	ISHARES TRmsci emg mkt etf	$3,475,000	+90.9%	74,775	+71.3%	1.32%	+91.7%
AAPL	Sell	APPLE INC	$3,392,000	+5.6%	22,011	-1.3%	1.29%	+6.1%
CWB	Buy	SPDR SERIES TRUSTblmbrg brc cnvrt	$3,312,000	+8.0%	64,856	+4.9%	1.26%	+8.5%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$3,227,000	+10.9%	39,933	+3.7%	1.22%	+11.4%
TJX	Sell	TJX COS INC NEW	$3,127,000	-0.6%	42,407	-1.2%	1.18%	-0.2%
JPM	Buy	JPMORGAN CHASE & CO	$3,087,000	+554.0%	31,953	+519.2%	1.17%	+557.3%
SIVB	Buy	SVB FINL GROUP	$3,085,000	+38.2%	16,490	+29.8%	1.17%	+38.7%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$2,981,000	-0.1%	37,352	-0.1%	1.13%	+0.4%
AMT	Sell	AMERICAN TOWER CORP NEW	$2,981,000	-6.1%	21,810	-7.2%	1.13%	-5.7%
HD	Sell	HOME DEPOT INC	$2,900,000	-1.1%	17,732	-5.3%	1.10%	-0.6%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC	$2,887,000	-0.2%	32,629	+2.8%	1.09%	+0.3%
RTN	Buy	RAYTHEON CO	$2,830,000	+37.5%	14,806	+16.2%	1.07%	+38.1%
IAU	Buy	ISHARES GOLD TRUSTishares	$2,777,000	+26.3%	225,489	+22.9%	1.05%	+26.9%
DHR	Sell	DANAHER CORP DEL	$2,688,000	+5.3%	29,926	-1.1%	1.02%	+5.8%
CELG	Buy	CELGENE CORP	$2,662,000	+74.3%	18,252	+55.3%	1.01%	+75.2%
KHC	Buy	KRAFT HEINZ CO	$2,453,000	-3.8%	30,971	+7.4%	0.93%	-3.3%
AMZN	Buy	AMAZON COM INC	$2,341,000	+292.8%	2,361	+283.3%	0.89%	+294.2%
NEE	Buy	NEXTERA ENERGY INC	$2,337,000	+7.6%	15,946	+2.9%	0.89%	+8.0%
TMUS	Buy	T MOBILE US INC	$2,323,000	+4.0%	37,671	+2.2%	0.88%	+4.5%
USB	Buy	US BANCORP DEL	$2,325,000	+6.0%	43,388	+2.7%	0.88%	+6.4%
FLOT	Buy	ISHARES TRfltg rate nt etf	$2,294,000	+4.5%	45,038	+4.5%	0.87%	+5.1%
MHK	Buy	MOHAWK INDS INC	$2,244,000	+31.9%	9,066	+28.9%	0.85%	+32.6%
AGN	Buy	ALLERGAN PLC	$2,208,000	-13.8%	10,774	+3.4%	0.84%	-13.4%
CVX	Buy	CHEVRON CORP NEW	$2,185,000	+107.7%	18,595	+95.5%	0.83%	+108.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,970,000	-4.4%	7,841	-8.0%	0.75%	-3.9%
PXD	Buy	PIONEER NAT RES CO	$1,870,000	0.0%	12,674	+8.1%	0.71%	+0.4%
VMC	Buy	VULCAN MATLS CO	$1,840,000	-0.7%	15,387	+5.2%	0.70%	-0.3%
PPG	Buy	PPG INDS INC	$1,788,000	+0.8%	16,453	+2.0%	0.68%	+1.3%
SPGI	New	S&P GLOBAL INC	$1,613,000	–	10,317	–	0.61%	–
COP	Sell	CONOCOPHILLIPS	$1,592,000	+9.0%	31,806	-4.3%	0.60%	+9.4%
HEDJ	Buy	WISDOMTREE TReurope hedged eq	$1,542,000	+77.0%	23,829	+70.6%	0.58%	+77.5%
MO	Buy	ALTRIA GROUP INC	$1,516,000	+17.4%	23,503	+39.2%	0.58%	+18.1%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$1,405,000	+8.6%	25,691	+3.3%	0.53%	+9.2%
NOBL	Sell	PROSHARES TRs&p 500 dv arist	$1,350,000	-40.5%	22,710	-38.3%	0.51%	-40.2%
STZ	New	CONSTELLATION BRANDS INCcl a	$1,344,000	–	6,740	–	0.51%	–
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$1,320,000	-17.4%	9,073	-21.8%	0.50%	-17.1%
GII	Buy	SPDR INDEX SHS FDSs&p gblinf etf	$1,274,000	+24.7%	24,501	+20.9%	0.48%	+25.1%
IGIB	Sell	ISHARES TRintrmd cr bd etf	$1,241,000	+0.2%	11,268	-0.1%	0.47%	+0.6%
IGF	Buy	ISHARES TRglb infrastr etf	$1,214,000	+46.4%	26,820	+42.2%	0.46%	+47.0%
HEWU	Sell	ISHARES TRmsci un kngdom	$1,214,000	-13.5%	50,284	-12.8%	0.46%	-13.2%
AAXJ	Buy	ISHARES TRmsci ac asia etf	$1,185,000	+9.2%	16,403	+1.9%	0.45%	+9.8%
LQD	Buy	ISHARES TRiboxx inv cp etf	$1,127,000	+9.2%	9,293	+8.5%	0.43%	+9.8%
XOM	Sell	EXXON MOBIL CORP	$1,003,000	-28.9%	12,166	-27.2%	0.38%	-28.6%
LMT	Sell	LOCKHEED MARTIN CORP	$981,000	-25.5%	3,161	-31.5%	0.37%	-25.2%
EMB	Sell	ISHARES TRjpmorgan usd emg	$956,000	-7.0%	8,215	-8.6%	0.36%	-6.7%
VUG	Sell	VANGUARD INDEX FDSgrowth etf	$954,000	+0.8%	7,186	-3.5%	0.36%	+1.4%
DVY	Buy	ISHARES TRselect divid etf	$850,000	+4.6%	9,073	+2.9%	0.32%	+4.9%
T	Sell	AT&T INC	$840,000	-33.3%	21,455	-32.2%	0.32%	-33.1%
JNJ	Sell	JOHNSON & JOHNSON	$829,000	-34.5%	6,376	-31.5%	0.31%	-34.3%
PFE	Sell	PFIZER INC	$792,000	-46.1%	22,187	-45.3%	0.30%	-45.9%
VNQ	Buy	VANGUARD INDEX FDSreit etf	$770,000	+0.9%	9,273	+1.1%	0.29%	+1.4%
EFA	Sell	ISHARES TRmsci eafe etf	$732,000	-22.1%	10,687	-25.9%	0.28%	-22.0%
AGG	Sell	ISHARES TRcore us aggbd et	$728,000	-34.5%	6,641	-34.6%	0.28%	-34.3%
BMRN	Buy	BIOMARIN PHARMACEUTICAL INC	$684,000	+35.4%	7,353	+32.1%	0.26%	+35.6%
XPO	Buy	XPO LOGISTICS INC	$665,000	+64.6%	9,810	+56.9%	0.25%	+65.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$651,000	-14.6%	12,090	-17.3%	0.25%	-14.2%
IP	Sell	INTL PAPER CO	$646,000	+0.2%	11,367	-0.2%	0.24%	+0.8%
IVE	Sell	ISHARES TRs&p 500 val etf	$628,000	-14.7%	5,818	-17.0%	0.24%	-14.4%
CSCO	Sell	CISCO SYS INC	$579,000	-51.9%	17,225	-50.7%	0.22%	-51.8%
IGSB	Sell	ISHARES TR1 3 yr cr bd etf	$576,000	-1.4%	5,463	-1.5%	0.22%	-0.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$569,000	-84.9%	14,612	-84.8%	0.22%	-84.8%
NFLX	Sell	NETFLIX INC	$565,000	-27.6%	3,118	-40.3%	0.21%	-27.2%
SPLK	Buy	SPLUNK INC	$535,000	+58.8%	8,053	+35.9%	0.20%	+59.8%
URI	Buy	UNITED RENTALS INC	$524,000	+63.8%	3,775	+33.1%	0.20%	+64.5%
EL	Buy	LAUDER ESTEE COS INCcl a	$522,000	+38.8%	4,845	+23.8%	0.20%	+39.4%
IDXX	Buy	IDEXX LABS INC	$506,000	+65.4%	3,256	+71.6%	0.19%	+67.0%
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$505,000	-51.0%	6,160	-51.1%	0.19%	-50.9%
INCY	Buy	INCYTE CORP	$503,000	+25.1%	4,312	+35.1%	0.19%	+25.7%
HEI	Buy	HEICO CORP NEW	$503,000	+61.7%	5,602	+29.5%	0.19%	+63.2%
WDAY	Buy	WORKDAY INCcl a	$502,000	+45.1%	4,768	+33.7%	0.19%	+45.0%
ALGN	Buy	ALIGN TECHNOLOGY INC	$497,000	+52.0%	2,666	+22.2%	0.19%	+52.8%
NOW	Buy	SERVICENOW INC	$480,000	+48.6%	4,086	+34.3%	0.18%	+49.2%
LNG	Buy	CHENIERE ENERGY INC	$481,000	+47.1%	10,688	+59.2%	0.18%	+48.0%
IWS	Sell	ISHARES TRrus mdcp val etf	$480,000	-54.7%	5,652	-55.2%	0.18%	-54.5%
ILF	Sell	ISHARES TRlatn amer 40 etf	$466,000	-9.9%	13,278	-22.3%	0.18%	-9.2%
AMP	Sell	AMERIPRISE FINL INC	$464,000	-80.8%	3,066	-83.6%	0.18%	-80.7%
PFF	Buy	ISHARES TRs&p us pfd stk	$463,000	+7.9%	11,938	+8.9%	0.18%	+8.0%
CSGP	Buy	COSTAR GROUP INC	$455,000	+80.6%	1,697	+77.7%	0.17%	+81.1%
CME	Sell	CME GROUP INC	$451,000	-39.1%	3,326	-40.7%	0.17%	-38.7%
DPZ	Buy	DOMINOS PIZZA INC	$445,000	+69.2%	2,240	+80.4%	0.17%	+70.7%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$425,000	-5.8%	4,247	-5.7%	0.16%	-5.3%
GDDY	Buy	GODADDY INCcl a	$412,000	+37.8%	9,462	+34.3%	0.16%	+38.1%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$405,000	–	2,343	–	0.15%	–
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$402,000	-22.1%	4,398	-24.2%	0.15%	-22.1%
PNW	Buy	PINNACLE WEST CAP CORP	$394,000	+12.9%	4,655	+13.5%	0.15%	+12.9%
GUNR	Buy	FLEXSHARES TRmornstar upstr	$379,000	+34.4%	12,181	+23.5%	0.14%	+35.8%
SQ	New	SQUARE INCcl a	$373,000	–	12,946	–	0.14%	–
OLED	Buy	UNIVERSAL DISPLAY CORP	$367,000	+29.2%	2,850	+9.8%	0.14%	+29.9%
AL	Buy	AIR LEASE CORPcl a	$365,000	+75.5%	8,565	+53.7%	0.14%	+76.9%
USMV	Sell	ISHARES TRmin vol usa etf	$365,000	-9.9%	7,252	-12.4%	0.14%	-9.8%
SHOP	New	SHOPIFY INCcl a	$356,000	–	3,060	–	0.14%	–
IFGL	Buy	ISHARES TRintl dev re etf	$351,000	+15.8%	12,027	+13.2%	0.13%	+16.7%
PPL	Sell	PPL CORP	$349,000	-48.3%	9,206	-44.9%	0.13%	-48.2%
HAS	Buy	HASBRO INC	$344,000	-11.6%	3,523	+1.1%	0.13%	-11.6%
ATVI	New	ACTIVISION BLIZZARD INC	$341,000	–	5,283	–	0.13%	–
CGNX	New	COGNEX CORP	$340,000	–	2,958	–	0.13%	–
OUT	Sell	OUTFRONT MEDIA INC	$323,000	-19.9%	12,808	-22.7%	0.12%	-19.7%
ULTA	Buy	ULTA BEAUTY INC	$314,000	-8.7%	1,387	+16.0%	0.12%	-8.5%
PBCT	Buy	PEOPLES UNITED FINANCIAL INC	$308,000	+8.5%	16,952	+5.4%	0.12%	+9.3%
WFC	Sell	WELLS FARGO CO NEW	$305,000	-92.6%	5,526	-92.4%	0.12%	-92.6%
EWC	New	ISHARES INCmsci cda etf	$306,000	–	10,584	–	0.12%	–
EW	Sell	EDWARDS LIFESCIENCES CORP	$304,000	-10.1%	2,780	-2.7%	0.12%	-10.2%
DXCM	Buy	DEXCOM INC	$283,000	-10.4%	5,784	+34.0%	0.11%	-10.1%
DY	Sell	DYCOM INDS INC	$280,000	-86.9%	3,261	-86.4%	0.11%	-86.9%
RWX	Buy	SPDR INDEX SHS FDSdj intl rl etf	$278,000	+6.1%	7,253	+5.3%	0.10%	+6.1%
JNK	Buy	SPDR SERIES TRUSTbloomberg brclys	$266,000	+3.5%	7,135	+3.3%	0.10%	+4.1%
VEEV	Buy	VEEVA SYS INC	$250,000	+23.8%	4,424	+34.1%	0.10%	+25.0%
SLV	Buy	ISHARES SILVER TRUSTishares	$209,000	+14.8%	13,256	+14.7%	0.08%	+14.5%
DBB	New	POWERSHS DB MULTI SECT COMMdb base metals	$207,000	–	11,456	–	0.08%	–
GSG	Buy	ISHARES S&P GSCI COMMODITY Iunit ben int	$207,000	+47.9%	13,890	+38.7%	0.08%	+47.2%
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-8,743	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-7,750	–	-0.08%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,564	–	-0.10%	–
MKTX	Exit	MARKETAXESS HLDGS INC	$0	–	-1,367	–	-0.10%	–
OZRK	Exit	BANK OF THE OZARKS INC	$0	–	-6,176	–	-0.11%	–
RVP	Exit	RETRACTABLE TECHNOLOGIES INC	$0	–	-2,750	–	-0.11%	–
BA	Exit	BOEING CO	$0	–	-1,600	–	-0.12%	–
	Exit	UBS AG JERSEY BRANCHdebt 4.750% 5/2	$0	–	0	–	-0.27%	–
HAL	Exit	HALLIBURTON CO	$0	–	-45,134	–	-0.73%	–
	Exit	ROYAL BK OF SCOTLAND PLCdebt 7.500%12/3	$0	–	-2,081,000	–	-0.81%	–

Q2 2017

			Value		Shares		↓ Weighting
IEV	New	ISHARES TReurope etf	$20,889,000	–	468,983	–	7.88%	–
EWJ	New	ISHARES INCmsci jpn etf new	$17,741,000	–	330,681	–	6.69%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$17,007,000	–	136,728	–	6.42%	–
TIP	New	ISHARES TRtips bd etf	$15,106,000	–	132,893	–	5.70%	–
GLD	New	SPDR GOLD TRUST	$13,485,000	–	114,376	–	5.09%	–
MSFT	New	MICROSOFT CORP	$5,640,000	–	80,430	–	2.13%	–
IWM	New	ISHARES TRrussell 2000 etf	$5,262,000	–	37,249	–	1.99%	–
BAX	New	BAXTER INTL INC	$4,843,000	–	79,990	–	1.83%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$4,739,000	–	71,026	–	1.79%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,660,000	–	24,789	–	1.76%	–
MA	New	MASTERCARD INCORPORATEDcl a	$4,519,000	–	36,634	–	1.70%	–
FB	New	FACEBOOK INCcl a	$4,484,000	–	29,176	–	1.69%	–
WFC	New	WELLS FARGO CO NEW	$4,136,000	–	72,766	–	1.56%	–
FTV	New	FORTIVE CORP	$4,101,000	–	64,737	–	1.55%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,760,000	–	96,374	–	1.42%	–
ADBE	New	ADOBE SYS INC	$3,674,000	–	25,976	–	1.39%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$3,642,000	–	73,979	–	1.37%	–
WBT	New	WELBILT INC	$3,301,000	–	172,358	–	1.25%	–
AAPL	New	APPLE INC	$3,211,000	–	22,297	–	1.21%	–
AMT	New	AMERICAN TOWER CORP NEW	$3,175,000	–	23,496	–	1.20%	–
TJX	New	TJX COS INC NEW	$3,145,000	–	42,912	–	1.19%	–
CWB	New	SPDR SERIES TRUSTblmbrg brc cnvrt	$3,067,000	–	61,807	–	1.16%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$2,985,000	–	37,388	–	1.13%	–
HD	New	HOME DEPOT INC	$2,932,000	–	18,722	–	1.11%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$2,909,000	–	38,504	–	1.10%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$2,892,000	–	31,740	–	1.09%	–
AGN	New	ALLERGAN PLC	$2,562,000	–	10,420	–	0.97%	–
DHR	New	DANAHER CORP DEL	$2,553,000	–	30,247	–	0.96%	–
KHC	New	KRAFT HEINZ CO	$2,549,000	–	28,837	–	0.96%	–
AMP	New	AMERIPRISE FINL INC	$2,420,000	–	18,655	–	0.91%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$2,269,000	–	36,810	–	0.86%	–
TMUS	New	T MOBILE US INC	$2,234,000	–	36,854	–	0.84%	–
SIVB	New	SVB FINL GROUP	$2,233,000	–	12,703	–	0.84%	–
IAU	New	ISHARES GOLD TRUSTishares	$2,199,000	–	183,427	–	0.83%	–
FLOT	New	ISHARES TRfltg rate bd etf	$2,195,000	–	43,114	–	0.83%	–
USB	New	US BANCORP DEL	$2,194,000	–	42,250	–	0.83%	–
NEE	New	NEXTERA ENERGY INC	$2,172,000	–	15,502	–	0.82%	–
	New	ROYAL BK OF SCOTLAND PLCdebt 7.500%12/3	$2,149,000	–	2,081,000	–	0.81%	–
DY	New	DYCOM INDS INC	$2,142,000	–	23,923	–	0.81%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,060,000	–	8,523	–	0.78%	–
RTN	New	RAYTHEON CO	$2,058,000	–	12,747	–	0.78%	–
HAL	New	HALLIBURTON CO	$1,928,000	–	45,134	–	0.73%	–
PXD	New	PIONEER NAT RES CO	$1,870,000	–	11,719	–	0.71%	–
VMC	New	VULCAN MATLS CO	$1,853,000	–	14,630	–	0.70%	–
EEM	New	ISHARES TRmsci emg mkt etf	$1,820,000	–	43,658	–	0.69%	–
PPG	New	PPG INDS INC	$1,773,000	–	16,124	–	0.67%	–
MHK	New	MOHAWK INDS INC	$1,701,000	–	7,036	–	0.64%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$1,598,000	–	11,608	–	0.60%	–
CELG	New	CELGENE CORP	$1,527,000	–	11,755	–	0.58%	–
PFE	New	PFIZER INC	$1,470,000	–	40,550	–	0.56%	–
COP	New	CONOCOPHILLIPS	$1,461,000	–	33,240	–	0.55%	–
XOM	New	EXXON MOBIL CORP	$1,410,000	–	16,717	–	0.53%	–
HEWU	New	ISHARES TRmsci un kngdom	$1,404,000	–	57,684	–	0.53%	–
LMT	New	LOCKHEED MARTIN CORP	$1,316,000	–	4,617	–	0.50%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$1,294,000	–	24,880	–	0.49%	–
MO	New	ALTRIA GROUP INC	$1,291,000	–	16,879	–	0.49%	–
JNJ	New	JOHNSON & JOHNSON	$1,266,000	–	9,314	–	0.48%	–
T	New	AT&T INC	$1,259,000	–	31,647	–	0.48%	–
IGIB	New	ISHARES TRinterm cr bd etf	$1,238,000	–	11,278	–	0.47%	–
CSCO	New	CISCO SYS INC	$1,203,000	–	34,952	–	0.45%	–
AGG	New	ISHARES TRcore us aggbd et	$1,112,000	–	10,150	–	0.42%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$1,085,000	–	16,090	–	0.41%	–
IWS	New	ISHARES TRrus mdcp val etf	$1,060,000	–	12,621	–	0.40%	–
CVX	New	CHEVRON CORP NEW	$1,052,000	–	9,513	–	0.40%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$1,030,000	–	12,591	–	0.39%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,032,000	–	8,563	–	0.39%	–
EMB	New	ISHARES TRjp mor em mk etf	$1,028,000	–	8,991	–	0.39%	–
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$1,022,000	–	20,260	–	0.39%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$946,000	–	7,447	–	0.36%	–
EFA	New	ISHARES TRmsci eafe etf	$940,000	–	14,418	–	0.36%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$871,000	–	13,966	–	0.33%	–
IGF	New	ISHARES TRglb infrastr etf	$829,000	–	18,861	–	0.31%	–
DVY	New	ISHARES TRselect divid etf	$813,000	–	8,820	–	0.31%	–
ACWI	New	ISHARES TRmsci acwi etf	$809,000	–	12,352	–	0.30%	–
NFLX	New	NETFLIX INC	$780,000	–	5,221	–	0.29%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$763,000	–	9,169	–	0.29%	–
VZ	New	VERIZON COMMUNICATIONS INC	$762,000	–	14,614	–	0.29%	–
CME	New	CME GROUP INC	$740,000	–	5,611	–	0.28%	–
IVE	New	ISHARES TRs&p 500 val etf	$736,000	–	7,009	–	0.28%	–
	New	UBS AG JERSEY BRANCHdebt 4.750% 5/2	$718,000	–	0	–	0.27%	–
PPL	New	PPL CORP	$675,000	–	16,710	–	0.26%	–
IP	New	INTL PAPER CO	$645,000	–	11,387	–	0.24%	–
AMZN	New	AMAZON COM INC	$596,000	–	616	–	0.22%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$584,000	–	5,545	–	0.22%	–
IWR	New	ISHARES TRrus mid cap etf	$524,000	–	2,726	–	0.20%	–
ILF	New	ISHARES TRlatn amer 40 etf	$517,000	–	17,084	–	0.20%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$516,000	–	5,803	–	0.20%	–
EWZ	New	ISHARESmsci brz cap etf	$512,000	–	15,000	–	0.19%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$505,000	–	5,565	–	0.19%	–
JPM	New	JPMORGAN CHASE & CO	$472,000	–	5,160	–	0.18%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$451,000	–	4,502	–	0.17%	–
HDV	New	ISHARES TRcore high dv etf	$436,000	–	5,245	–	0.16%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$429,000	–	10,962	–	0.16%	–
USMV	New	ISHARES TRmin vol usa etf	$405,000	–	8,275	–	0.15%	–
XPO	New	XPO LOGISTICS INC	$404,000	–	6,251	–	0.15%	–
INCY	New	INCYTE CORP	$402,000	–	3,191	–	0.15%	–
OUT	New	OUTFRONT MEDIA INC	$403,000	–	16,570	–	0.15%	–
HAS	New	HASBRO INC	$389,000	–	3,485	–	0.15%	–
EPP	New	ISHARESmsci pac jp etf	$383,000	–	8,613	–	0.14%	–
EL	New	LAUDER ESTEE COS INCcl a	$376,000	–	3,915	–	0.14%	–
PNW	New	PINNACLE WEST CAP CORP	$349,000	–	4,101	–	0.13%	–
WDAY	New	WORKDAY INCcl a	$346,000	–	3,565	–	0.13%	–
ULTA	New	ULTA BEAUTY INC	$344,000	–	1,196	–	0.13%	–
EW	New	EDWARDS LIFESCIENCES CORP	$338,000	–	2,856	–	0.13%	–
SPLK	New	SPLUNK INC	$337,000	–	5,927	–	0.13%	–
LNG	New	CHENIERE ENERGY INC	$327,000	–	6,713	–	0.12%	–
ALGN	New	ALIGN TECHNOLOGY INC	$327,000	–	2,181	–	0.12%	–
NOW	New	SERVICENOW INC	$323,000	–	3,043	–	0.12%	–
URI	New	UNITED RENTALS INC	$320,000	–	2,836	–	0.12%	–
DXCM	New	DEXCOM INC	$316,000	–	4,315	–	0.12%	–
BA	New	BOEING CO	$316,000	–	1,600	–	0.12%	–
HEI	New	HEICO CORP NEW	$311,000	–	4,325	–	0.12%	–
IDXX	New	IDEXX LABS INC	$306,000	–	1,897	–	0.12%	–
IFGL	New	ISHARES TRintl dev re etf	$303,000	–	10,624	–	0.11%	–
GDDY	New	GODADDY INCcl a	$299,000	–	7,047	–	0.11%	–
RVP	New	RETRACTABLE TECHNOLOGIES INC	$300,000	–	2,750	–	0.11%	–
OZRK	New	BANK OF THE OZARKS INC	$289,000	–	6,176	–	0.11%	–
OLED	New	UNIVERSAL DISPLAY CORP	$284,000	–	2,596	–	0.11%	–
PBCT	New	PEOPLES UNITED FINANCIAL INC	$284,000	–	16,081	–	0.11%	–
GUNR	New	FLEXSHARES TRmornstar upstr	$282,000	–	9,866	–	0.11%	–
MKTX	New	MARKETAXESS HLDGS INC	$275,000	–	1,367	–	0.10%	–
ILMN	New	ILLUMINA INC	$271,000	–	1,564	–	0.10%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$262,000	–	6,889	–	0.10%	–
DPZ	New	DOMINOS PIZZA INC	$263,000	–	1,242	–	0.10%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$262,000	–	826	–	0.10%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$257,000	–	6,905	–	0.10%	–
CSGP	New	COSTAR GROUP INC	$252,000	–	955	–	0.10%	–
GE	New	GENERAL ELECTRIC CO	$209,000	–	7,750	–	0.08%	–
AL	New	AIR LEASE CORPcl a	$208,000	–	5,574	–	0.08%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$202,000	–	8,743	–	0.08%	–
VEEV	New	VEEVA SYS INC	$202,000	–	3,300	–	0.08%	–
SLV	New	ISHARES SILVER TRUSTishares	$182,000	–	11,560	–	0.07%	–
GSG	New	ISHARES S&P GSCI COMMODITY Iunit ben int	$140,000	–	10,013	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
ALD	Exit	WISDOMTREE TRasia lc dbt fd	$0	–	-68	–	-0.00%	–
EMLC	Exit	VANECK VECTORS ETF TRjp morgan mkts	$0	–	-144	–	-0.00%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-216	–	-0.00%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-133	–	-0.01%	–
IJT	Exit	ISHARES TRsp smcp600gr etf	$0	–	-164	–	-0.01%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-430	–	-0.02%	–
EWU	Exit	ISHARES TRmsci utd kngdm	$0	–	-2,400	–	-0.02%	–
EIDO	Exit	ISHARES TRmsci indonia etf	$0	–	-1,543	–	-0.02%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-753	–	-0.03%	–
EUSC	Exit	WISDOMTREE TReur hdg smlcap	$0	–	-2,781	–	-0.03%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-897	–	-0.03%	–
FM	Exit	ISHARESmsci frntr100etf	$0	–	-3,436	–	-0.04%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-417	–	-0.04%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-890	–	-0.04%	–
EZU	Exit	ISHARESmsci eurzone etf	$0	–	-3,260	–	-0.05%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-1,226	–	-0.06%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-5,877	–	-0.06%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-18,550	–	-0.07%	–
IJK	Exit	ISHARES TRs&p mc 400gr etf	$0	–	-1,000	–	-0.07%	–
REM	Exit	ISHARES TRmrg rl es cp etf	$0	–	-17,973	–	-0.08%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-11,560	–	-0.09%	–
IWR	Exit	ISHARES TRrus mid-cap etf	$0	–	-1,275	–	-0.09%	–
DEM	Exit	WISDOMTREE TRemer mkt high fd	$0	–	-5,810	–	-0.09%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-18,123	–	-0.09%	–
GUNR	Exit	FLEXSHARES TRmornstar upstr	$0	–	-8,252	–	-0.10%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$0	–	-832	–	-0.10%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-9,863	–	-0.11%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-6,916	–	-0.12%	–
ITM	Exit	VANECK VECTORS ETF TRamt free int etf	$0	–	-12,247	–	-0.13%	–
HEZU	Exit	ISHARES TRcur hd eurzn etf	$0	–	-13,369	–	-0.14%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-8,120	–	-0.14%	–
ILF	Exit	ISHARES TRlatn amer 40 etf	$0	–	-12,190	–	-0.15%	–
EPP	Exit	ISHARESmsci pac jp etf	$0	–	-8,613	–	-0.15%	–
IFGL	Exit	ISHARES TRintl dev re etf	$0	–	-12,322	–	-0.16%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,984	–	-0.16%	–
IP	Exit	INTL PAPER CO	$0	–	-7,902	–	-0.16%	–
CME	Exit	CME GROUP INC	$0	–	-3,931	–	-0.19%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-8,967	–	-0.19%	–
GII	Exit	SPDR INDEX SHS FDSs&p gblinf etf	$0	–	-9,487	–	-0.19%	–
PPL	Exit	PPL CORP	$0	–	-13,386	–	-0.21%	–
EWY	Exit	ISHARESmsci sth kor etf	$0	–	-8,634	–	-0.21%	–
FXI	Exit	ISHARES TRchina lg-cap etf	$0	–	-13,629	–	-0.22%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-8,866	–	-0.22%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-5,636	–	-0.23%	–
EMB	Exit	ISHARES TRjp mor em mk etf	$0	–	-4,827	–	-0.24%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-25,069	–	-0.25%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-16,192	–	-0.25%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-7,200	–	-0.26%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-16,528	–	-0.28%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-6,279	–	-0.28%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-6,473	–	-0.29%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-12,190	–	-0.29%	–
CSCO	Exit	CISCO SYS INC	$0	–	-22,600	–	-0.32%	–
CWB	Exit	SPDR SERIES TRUSTbrc cnv secs etf	$0	–	-16,617	–	-0.32%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-8,289	–	-0.33%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,835	–	-0.34%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-7,130	–	-0.34%	–
PFE	Exit	PFIZER INC	$0	–	-23,712	–	-0.35%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-11,118	–	-0.40%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-11,110	–	-0.41%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-12,440	–	-0.44%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,669	–	-0.45%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-4,440	–	-0.46%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-13,278	–	-0.46%	–
FLOT	Exit	ISHARES TRfltg rate bd etf	$0	–	-21,820	–	-0.47%	–
T	Exit	AT&T INC	$0	–	-26,779	–	-0.47%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-19,887	–	-0.51%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-100,521	–	-0.54%	–
HAL	Exit	HALLIBURTON CO	$0	–	-30,859	–	-0.58%	–
	Exit	ROYAL BK OF SCOTLAND PLCdebt 7.500%12/3	$0	–	-1,593,000	–	-0.62%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-19,272	–	-0.62%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-62,614	–	-0.64%	–
HEWU	Exit	ISHARES TRmsci un kngdom	$0	–	-59,959	–	-0.65%	–
SNA	Exit	SNAP ON INC	$0	–	-11,125	–	-0.72%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-13,849	–	-0.72%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-23,529	–	-0.72%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-32,907	–	-0.75%	–
IGIB	Exit	ISHARES TRinterm cr bd etf	$0	–	-16,349	–	-0.78%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-15,853	–	-0.81%	–
PPG	Exit	PPG INDS INC	$0	–	-19,110	–	-0.84%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-48,005	–	-0.88%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-54,747	–	-0.94%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-31,472	–	-0.96%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-30,616	–	-0.98%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-19,035	–	-0.99%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-54,450	–	-1.00%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-45,818	–	-1.02%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-38,320	–	-1.10%	–
TJX	Exit	TJX COS INC NEW	$0	–	-36,980	–	-1.17%	–
SABR	Exit	SABRE CORP	$0	–	-105,294	–	-1.25%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-72,912	–	-1.38%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-32,492	–	-1.40%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-15,812	–	-1.43%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-33,218	–	-1.43%	–
DLX	Exit	DELUXE CORP	$0	–	-50,813	–	-1.44%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-37,578	–	-1.45%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-30,413	–	-1.46%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-47,056	–	-1.56%	–
FTV	Exit	FORTIVE CORP	$0	–	-73,677	–	-1.58%	–
ORCL	Exit	ORACLE CORP	$0	–	-96,749	–	-1.61%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-60,125	–	-1.62%	–
COTY	Exit	COTY INC	$0	–	-161,032	–	-1.62%	–
AAPL	Exit	APPLE INC	$0	–	-37,609	–	-1.80%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-48,730	–	-1.84%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-16,318	–	-1.86%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-66,149	–	-1.86%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-32,497	–	-1.95%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-124,496	–	-1.97%	–
QUAL	Exit	ISHARES TRusa quality fctr	$0	–	-70,171	–	-2.01%	–
AGN	Exit	ALLERGAN PLC	$0	–	-20,731	–	-2.03%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-62,851	–	-2.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-94,353	–	-2.34%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-59,649	–	-3.00%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-72,469	–	-3.80%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-138,633	–	-6.49%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-1,318,582	–	-6.99%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-528,933	–	-10.17%	–

Q3 2016

			Value		Shares		↓ Weighting
USMV	Buy	ISHARES TRmin vol usa etf	$24,058,000	+67.0%	528,933	+70.1%	10.17%	+49.8%
EWJ	Sell	ISHARESmsci japan etf	$16,543,000	-11.1%	1,318,582	-18.4%	6.99%	-20.3%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$15,346,000	-5.6%	138,633	-8.8%	6.49%	-15.3%
IWM	Sell	ISHARES TRrussell 2000 etf	$8,979,000	-2.7%	72,469	-9.7%	3.80%	-12.7%
TIP	New	ISHARES TRtips bd etf	$7,097,000	–	59,649	–	3.00%	–
MSFT	Sell	MICROSOFT CORP	$5,528,000	+9.0%	94,353	-3.3%	2.34%	-2.2%
BSV	Buy	VANGUARD BD INDEX FD INCshort trm bond	$5,080,000	+98.4%	62,851	+99.0%	2.15%	+77.9%
AGN	Sell	ALLERGAN PLC	$4,804,000	-4.6%	20,731	-4.4%	2.03%	-14.4%
QUAL	New	ISHARES TRusa quality fctr	$4,757,000	–	70,171	–	2.01%	–
EEM	Sell	ISHARES TRmsci emg mkt etf	$4,669,000	+1.2%	124,496	-7.2%	1.97%	-9.2%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,611,000	-4.8%	32,497	-4.1%	1.95%	-14.6%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,403,000	-0.3%	66,149	-2.1%	1.86%	-10.6%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$4,395,000	+0.7%	16,318	-4.3%	1.86%	-9.7%
CVS	Sell	CVS HEALTH CORP	$4,349,000	-7.7%	48,730	-0.7%	1.84%	-17.2%
AAPL	Buy	APPLE INC	$4,252,000	+24.1%	37,609	+4.9%	1.80%	+11.3%
COTY	Sell	COTY INC	$3,842,000	-12.1%	161,032	-2.9%	1.62%	-21.2%
MO	Sell	ALTRIA GROUP INC	$3,832,000	-18.5%	60,125	-11.2%	1.62%	-26.9%
ORCL	Sell	ORACLE CORP	$3,812,000	-22.3%	96,749	-19.1%	1.61%	-30.3%
FTV	New	FORTIVE CORP	$3,750,000	–	73,677	–	1.58%	–
DHR	Sell	DANAHER CORP DEL	$3,689,000	-31.1%	47,056	-11.2%	1.56%	-38.2%
AMT	New	AMERICAN TOWER CORP NEW	$3,447,000	–	30,413	–	1.46%	–
DPS	Sell	DR PEPPER SNAPPLE GROUP INC	$3,431,000	-19.9%	37,578	-15.3%	1.45%	-28.2%
DLX	Buy	DELUXE CORP	$3,395,000	+3.6%	50,813	+2.9%	1.44%	-7.1%
MA	Buy	MASTERCARD INCORPORATEDcl a	$3,381,000	+97.0%	33,218	+70.5%	1.43%	+76.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$3,376,000	-7.1%	15,812	-10.0%	1.43%	-16.6%
AMP	Sell	AMERIPRISE FINL INC	$3,307,000	-9.7%	32,492	-19.1%	1.40%	-19.1%
WFC	Sell	WELLS FARGO & CO NEW	$3,268,000	-26.7%	72,912	-21.9%	1.38%	-34.3%
SABR	New	SABRE CORP	$2,967,000	–	105,294	–	1.25%	–
TJX	Buy	TJX COS INC NEW	$2,765,000	+22.7%	36,980	+26.7%	1.17%	+10.1%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$2,598,000	+1.2%	38,320	-2.7%	1.10%	-9.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,403,000	-11.8%	45,818	-6.1%	1.02%	-20.9%
COP	Buy	CONOCOPHILLIPS	$2,367,000	+147.9%	54,450	+148.5%	1.00%	+122.4%
LQD	Buy	ISHARES TRiboxx inv cp etf	$2,345,000	+38.0%	19,035	+37.5%	0.99%	+23.7%
PNW	Sell	PINNACLE WEST CAP CORP	$2,327,000	-12.8%	30,616	-7.0%	0.98%	-21.8%
3106PS	Sell	DELPHI AUTOMOTIVE PLC	$2,277,000	+10.5%	31,472	-3.1%	0.96%	-0.8%
IEV	Buy	ISHARES TReurope etf	$2,227,000	+7.7%	54,747	+3.6%	0.94%	-3.4%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$2,071,000	+8.1%	48,005	-2.3%	0.88%	-3.0%
PPG	Sell	PPG INDS INC	$1,975,000	-18.9%	19,110	-18.2%	0.84%	-27.2%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$1,906,000	+8.2%	15,853	-2.1%	0.81%	-2.9%
IGIB	Buy	ISHARES TRinterm cr bd etf	$1,856,000	+31.2%	16,349	+31.7%	0.78%	+17.7%
HEDJ	Sell	WISDOMTREE TReurope hedged eq	$1,768,000	-6.5%	32,907	-12.0%	0.75%	-16.2%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$1,716,000	+115.0%	23,529	+122.7%	0.72%	+92.8%
NEE	Sell	NEXTERA ENERGY INC	$1,694,000	-6.2%	13,849	-0.0%	0.72%	-15.9%
SNA	New	SNAP ON INC	$1,691,000	–	11,125	–	0.72%	–
HEWU	New	ISHARES TRmsci un kngdom	$1,541,000	–	59,959	–	0.65%	–
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$1,517,000	-10.0%	62,614	+0.5%	0.64%	-19.3%
IWS	Buy	ISHARES TRrus mdcp val etf	$1,454,000	+4.0%	19,272	+0.5%	0.62%	-6.7%
	Buy	ROYAL BK OF SCOTLAND PLCdebt 7.500%12/3	$1,455,000	+36.6%	1,593,000	+33.9%	0.62%	+22.5%
HAL	Sell	HALLIBURTON CO	$1,385,000	-3.9%	30,859	-3.0%	0.58%	-13.8%
IAU	Buy	ISHARES GOLD TRUSTishares	$1,275,000	+82.9%	100,521	+84.1%	0.54%	+64.3%
AAXJ	Sell	ISHARES TRmsci ac asia etf	$1,204,000	+10.5%	19,887	-0.2%	0.51%	-1.0%
T	Sell	AT&T INC	$1,120,000	-6.4%	26,779	-0.7%	0.47%	-16.1%
FLOT	New	ISHARES TRfltg rate bd etf	$1,107,000	–	21,820	–	0.47%	–
HDV	Buy	ISHARES TRcore high dv etf	$1,100,000	+37.5%	13,278	+38.1%	0.46%	+23.3%
LMT	Sell	LOCKHEED MARTIN CORP	$1,096,000	-3.7%	4,440	-0.6%	0.46%	-13.6%
JNJ	Buy	JOHNSON & JOHNSON	$1,056,000	+3.7%	8,669	+6.5%	0.45%	-7.1%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$1,047,000	+27.7%	12,440	+27.9%	0.44%	+14.8%
VNQ	Buy	VANGUARD INDEX FDSreit etf	$964,000	+25.2%	11,110	+28.0%	0.41%	+12.1%
SDY	Buy	SPDR SERIES TRUSTs&p divid etf	$938,000	+13.3%	11,118	+12.7%	0.40%	+1.5%
PFE	Buy	PFIZER INC	$834,000	-1.9%	23,712	+1.7%	0.35%	-12.0%
XOM	New	EXXON MOBIL CORP	$792,000	–	8,835	–	0.34%	–
KHC	Buy	KRAFT HEINZ CO	$775,000	+2.8%	8,289	+1.3%	0.33%	-7.6%
CWB	Buy	SPDR SERIES TRUSTbrc cnv secs etf	$770,000	+17.2%	16,617	+10.9%	0.32%	+4.8%
CSCO	Buy	CISCO SYS INC	$751,000	+20.2%	22,600	+8.7%	0.32%	+7.5%
NOBL	New	PROSHARES TRs&p 500 dv arist	$691,000	–	12,190	–	0.29%	–
CVX	Buy	CHEVRON CORP NEW	$688,000	+16.0%	6,473	+14.5%	0.29%	+4.3%
IGSB	Buy	ISHARES TR1-3 yr cr bd etf	$664,000	+38.0%	6,279	+38.6%	0.28%	+23.8%
PFF	Buy	ISHARES TRu.s. pfd stk etf	$653,000	+32.5%	16,528	+33.6%	0.28%	+19.0%
JNK	Buy	SPDR SERIES TRUSTbrc hgh yld bd	$595,000	+6.2%	16,192	+3.2%	0.25%	-4.5%
BKLN	Buy	POWERSHARES ETF TRUST IIsenior ln port	$582,000	+31.4%	25,069	+30.0%	0.25%	+17.7%
EMB	Buy	ISHARES TRjp mor em mk etf	$566,000	+10.3%	4,827	+8.3%	0.24%	-1.2%
IVE	Buy	ISHARES TRs&p 500 val etf	$535,000	+25.3%	5,636	+22.5%	0.23%	+12.4%
FXI	Buy	ISHARES TRchina lg-cap etf	$518,000	+27.3%	13,629	+14.5%	0.22%	+14.1%
EWY	Sell	ISHARESmsci sth kor etf	$502,000	-6.0%	8,634	-15.9%	0.21%	-15.9%
PPL	Buy	PPL CORP	$491,000	-4.1%	13,386	+4.6%	0.21%	-13.7%
GII	New	SPDR INDEX SHS FDSs&p gblinf etf	$455,000	–	9,487	–	0.19%	–
RAI	Buy	REYNOLDS AMERICAN INC	$453,000	-8.3%	8,967	+3.8%	0.19%	-18.0%
CME	Buy	CME GROUP INC	$444,000	+14.4%	3,931	+6.8%	0.19%	+2.7%
IP	New	INTL PAPER CO	$379,000	–	7,902	–	0.16%	–
IFGL	Buy	ISHARES TRintl dev re etf	$372,000	+45.9%	12,322	+41.1%	0.16%	+30.8%
ILF	Buy	ISHARES TRlatn amer 40 etf	$345,000	+42.6%	12,190	+37.8%	0.15%	+28.1%
RWX	Buy	SPDR INDEX SHS FDSdj intl rl etf	$339,000	+28.9%	8,120	+28.1%	0.14%	+15.3%
HEZU	Buy	ISHARES TRcur hd eurzn etf	$331,000	+54.0%	13,369	+49.7%	0.14%	+38.6%
IGF	New	ISHARES TRglb infrastr etf	$287,000	–	6,916	–	0.12%	–
OUT	New	OUTFRONT MEDIA INC	$255,000	–	9,863	–	0.11%	–
GUNR	New	FLEXSHARES TRmornstar upstr	$227,000	–	8,252	–	0.10%	–
AMLP	Sell	ALPS ETF TRalerian mlp	$223,000	-11.5%	18,123	-11.3%	0.09%	-21.0%
DEM	New	WISDOMTREE TRemer mkt high fd	$218,000	–	5,810	–	0.09%	–
SLV	New	ISHARES SILVER TRUSTishares	$210,000	–	11,560	–	0.09%	–
IWR	Sell	ISHARES TRrus mid-cap etf	$211,000	-9.4%	1,275	-11.8%	0.09%	-19.1%
REM	Buy	ISHARES TRmrg rl es cp etf	$189,000	+26.0%	17,973	+23.2%	0.08%	+12.7%
IJK	New	ISHARES TRs&p mc 400gr etf	$175,000	–	1,000	–	0.07%	–
HEWJ	New	ISHARES TRhdg msci japan	$146,000	–	5,877	–	0.06%	–
IYF	New	ISHARES TRu.s. finls etf	$145,000	–	1,226	–	0.06%	–
EZU	New	ISHARESmsci eurzone etf	$112,000	–	3,260	–	0.05%	–
IWF	New	ISHARES TRrus 1000 grw etf	$93,000	–	890	–	0.04%	–
IVV	New	ISHARES TRcore s&p500 etf	$91,000	–	417	–	0.04%	–
FM	New	ISHARESmsci frntr100etf	$88,000	–	3,436	–	0.04%	–
SHY	New	ISHARES TR1-3 yr tr bd etf	$76,000	–	897	–	0.03%	–
EUSC	New	WISDOMTREE TReur hdg smlcap	$68,000	–	2,781	–	0.03%	–
HYG	New	ISHARES TRiboxx hi yd etf	$66,000	–	753	–	0.03%	–
EIDO	New	ISHARES TRmsci indonia etf	$41,000	–	1,543	–	0.02%	–
EWU	Sell	ISHARES TRmsci utd kngdm	$38,000	-83.7%	2,400	-84.1%	0.02%	-85.5%
IYR	New	ISHARES TRu.s. real es etf	$35,000	–	430	–	0.02%	–
IJT	New	ISHARES TRsp smcp600gr etf	$20,000	–	164	–	0.01%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$15,000	–	133	–	0.01%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$6,000	–	216	–	0.00%	–
ALD	New	WISDOMTREE TRasia lc dbt fd	$3,000	–	68	–	0.00%	–
EMLC	New	VANECK VECTORS ETF TRjp morgan mkts	$3,000	–	144	–	0.00%	–
INTC	Exit	INTEL CORP	$0	–	-9,239	–	-0.14%	–
CXW	Exit	CORRECTIONS CORP AMER NEW	$0	–	-19,102	–	-0.33%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,034	–	-0.41%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-35,646	–	-0.64%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-9,961	–	-0.70%	–
	Exit	LLOYDS BANKING GROUP PLCsdcv 7.500%12/3	$0	–	-1,622,000	–	-0.73%	–
BIIB	Exit	BIOGEN INC	$0	–	-8,630	–	-1.00%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-34,366	–	-1.25%	–
IHE	Exit	ISHARES TRu.s. pharma etf	$0	–	-44,564	–	-3.03%	–

Q2 2016

			Value		Shares		↓ Weighting
EWJ	New	ISHARESmsci japan etf	$18,615,000	–	1,616,039	–	8.77%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$16,254,000	–	152,056	–	7.66%	–
USMV	New	ISHARES TRmin vol usa etf	$14,409,000	–	311,042	–	6.79%	–
IWM	New	ISHARES TRrussell 2000 etf	$9,227,000	–	80,232	–	4.35%	–
IHE	New	ISHARES TRu.s. pharma etf	$6,435,000	–	44,564	–	3.03%	–
DHR	New	DANAHER CORP DEL	$5,351,000	–	52,983	–	2.52%	–
MSFT	New	MICROSOFT CORP	$5,071,000	–	97,601	–	2.39%	–
AGN	New	ALLERGAN PLC	$5,038,000	–	21,684	–	2.37%	–
ORCL	New	ORACLE CORP	$4,905,000	–	119,560	–	2.31%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,843,000	–	33,889	–	2.28%	–
CVS	New	CVS HEALTH CORP	$4,710,000	–	49,071	–	2.22%	–
MO	New	ALTRIA GROUP INC	$4,703,000	–	67,744	–	2.22%	–
EEM	New	ISHARES TRmsci emg mkt etf	$4,615,000	–	134,159	–	2.18%	–
WFC	New	WELLS FARGO & CO NEW	$4,459,000	–	93,385	–	2.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,417,000	–	67,548	–	2.08%	–
COTY	New	COTY INC	$4,371,000	–	165,900	–	2.06%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$4,365,000	–	17,052	–	2.06%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$4,286,000	–	44,357	–	2.02%	–
AMP	New	AMERIPRISE FINL INC	$3,664,000	–	40,172	–	1.73%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,633,000	–	17,577	–	1.71%	–
AAPL	New	APPLE INC	$3,426,000	–	35,842	–	1.61%	–
DLX	New	DELUXE CORP	$3,276,000	–	49,367	–	1.54%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,726,000	–	48,813	–	1.28%	–
PNW	New	PINNACLE WEST CAP CORP	$2,669,000	–	32,927	–	1.26%	–
HCA	New	HCA HOLDINGS INC	$2,647,000	–	34,366	–	1.25%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$2,568,000	–	39,386	–	1.21%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$2,561,000	–	31,590	–	1.21%	–
PPG	New	PPG INDS INC	$2,434,000	–	23,367	–	1.15%	–
TJX	New	TJX COS INC NEW	$2,254,000	–	29,185	–	1.06%	–
BIIB	New	BIOGEN INC	$2,111,000	–	8,630	–	1.00%	–
IEV	New	ISHARES TReurope etf	$2,068,000	–	52,828	–	0.97%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$2,060,000	–	32,488	–	0.97%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$1,915,000	–	49,151	–	0.90%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$1,891,000	–	37,414	–	0.89%	–
NEE	New	NEXTERA ENERGY INC	$1,806,000	–	13,852	–	0.85%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$1,762,000	–	16,192	–	0.83%	–
MA	New	MASTERCARD INCcl a	$1,716,000	–	19,483	–	0.81%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,699,000	–	13,843	–	0.80%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,685,000	–	62,288	–	0.79%	–
	New	LLOYDS BANKING GROUP PLCsdcv 7.500%12/3	$1,557,000	–	1,622,000	–	0.73%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,486,000	–	9,961	–	0.70%	–
HAL	New	HALLIBURTON CO	$1,441,000	–	31,809	–	0.68%	–
IGIB	New	ISHARES TRinterm cr bd etf	$1,415,000	–	12,417	–	0.67%	–
IWS	New	ISHARES TRrus mdcp val etf	$1,398,000	–	19,175	–	0.66%	–
MPC	New	MARATHON PETE CORP	$1,353,000	–	35,646	–	0.64%	–
T	New	AT&T INC	$1,197,000	–	26,962	–	0.56%	–
LMT	New	LOCKHEED MARTIN CORP	$1,138,000	–	4,465	–	0.54%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$1,090,000	–	19,928	–	0.51%	–
	New	ROYAL BK OF SCOTLAND PLCdebt 7.500%12/3	$1,065,000	–	1,190,000	–	0.50%	–
JNJ	New	JOHNSON & JOHNSON	$1,018,000	–	8,138	–	0.48%	–
COP	New	CONOCOPHILLIPS	$955,000	–	21,915	–	0.45%	–
MCD	New	MCDONALDS CORP	$875,000	–	7,034	–	0.41%	–
PFE	New	PFIZER INC	$850,000	–	23,307	–	0.40%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$828,000	–	9,865	–	0.39%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$820,000	–	9,724	–	0.39%	–
AGG	New	ISHARES TRcore us aggbd et	$803,000	–	7,130	–	0.38%	–
HDV	New	ISHARES TRcore high dv etf	$800,000	–	9,613	–	0.38%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$798,000	–	10,566	–	0.38%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$770,000	–	8,679	–	0.36%	–
KHC	New	KRAFT HEINZ CO	$754,000	–	8,181	–	0.36%	–
CXW	New	CORRECTIONS CORP AMER NEW	$699,000	–	19,102	–	0.33%	–
IAU	New	ISHARES GOLD TRUSTishares	$697,000	–	54,591	–	0.33%	–
CWB	New	SPDR SERIES TRUSTbrc cnv secs etf	$657,000	–	14,987	–	0.31%	–
CSCO	New	CISCO SYS INC	$625,000	–	20,785	–	0.30%	–
DVY	New	ISHARES TRselect divid etf	$614,000	–	7,200	–	0.29%	–
CVX	New	CHEVRON CORP NEW	$593,000	–	5,653	–	0.28%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$560,000	–	15,684	–	0.26%	–
EWY	New	ISHARESmsci sth kor etf	$534,000	–	10,262	–	0.25%	–
EMB	New	ISHARES TRjp mor em mk etf	$513,000	–	4,457	–	0.24%	–
PPL	New	PPL CORP	$512,000	–	12,796	–	0.24%	–
EFA	New	ISHARES TRmsci eafe etf	$495,000	–	8,866	–	0.23%	–
RAI	New	REYNOLDS AMERICAN INC	$494,000	–	8,640	–	0.23%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$493,000	–	12,367	–	0.23%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$481,000	–	4,530	–	0.23%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$443,000	–	19,289	–	0.21%	–
IVE	New	ISHARES TRs&p 500 val etf	$427,000	–	4,600	–	0.20%	–
FXI	New	ISHARES TRchina lg-cap etf	$407,000	–	11,904	–	0.19%	–
CME	New	CME GROUP INC	$388,000	–	3,682	–	0.18%	–
GLD	New	SPDR GOLD TRUST	$377,000	–	2,984	–	0.18%	–
EPP	New	ISHARESmsci pac jp etf	$338,000	–	8,613	–	0.16%	–
INTC	New	INTEL CORP	$303,000	–	9,239	–	0.14%	–
ITM	New	VANECK VECTORS ETF TRamt free int etf	$304,000	–	12,247	–	0.14%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$263,000	–	6,339	–	0.12%	–
IFGL	New	ISHARES TRintl dev re etf	$255,000	–	8,735	–	0.12%	–
AMLP	New	ALPS ETF TRalerian mlp	$252,000	–	20,441	–	0.12%	–
ILF	New	ISHARES TRlatn amer 40 etf	$242,000	–	8,844	–	0.11%	–
EWU	New	ISHARES TRmsci utd kngdm	$233,000	–	15,132	–	0.11%	–
IWR	New	ISHARES TRrus mid-cap etf	$233,000	–	1,446	–	0.11%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$227,000	–	832	–	0.11%	–
HEZU	New	ISHARES TRcur hd eurzn etf	$215,000	–	8,928	–	0.10%	–
REM	New	ISHARES TRmrg rl es cp etf	$150,000	–	14,584	–	0.07%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$133,000	–	18,550	–	0.06%	–

Q4 2015

			Value		Shares		↓ Weighting
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-12,583	–	-0.03%	–
REM	Exit	ISHARES TRmrg rl es cp etf	$0	–	-14,584	–	-0.09%	–
EWU	Exit	ISHARES TRmsci utd kngdm	$0	–	-13,381	–	-0.14%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,829	–	-0.14%	–
IFGL	Exit	ISHARES TRintl dev re etf	$0	–	-8,735	–	-0.15%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-8,308	–	-0.18%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-25,172	–	-0.19%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-7,932	–	-0.19%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$0	–	-1,260	–	-0.20%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,999	–	-0.20%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-3,219	–	-0.21%	–
T	Exit	AT&T INC	$0	–	-10,471	–	-0.21%	–
IYH	Exit	ISHARES TRus hlthcare etf	$0	–	-2,534	–	-0.22%	–
ISIS	Exit	ISIS PHARMACEUTICALS INC	$0	–	-8,728	–	-0.22%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,790	–	-0.23%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-9,665	–	-0.23%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-16,621	–	-0.24%	–
PFE	Exit	PFIZER INC	$0	–	-12,823	–	-0.25%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-6,094	–	-0.27%	–
FXI	Exit	ISHARES TRchina lg-cap etf	$0	–	-12,619	–	-0.28%	–
EMB	Exit	ISHARES TRjp mor em mk etf	$0	–	-4,852	–	-0.32%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-7,200	–	-0.33%	–
EWY	Exit	ISHARESmsci sth kor etf	$0	–	-11,018	–	-0.34%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-7,778	–	-0.37%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-30,319	–	-0.42%	–
HAL	Exit	HALLIBURTON CO	$0	–	-19,421	–	-0.43%	–
CWB	Exit	SPDR SERIES TRUSTbrc cnv secs etf	$0	–	-15,450	–	-0.43%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-29,188	–	-0.45%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-15,295	–	-0.46%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-10,568	–	-0.48%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-7,130	–	-0.49%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-13,820	–	-0.49%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-19,585	–	-0.53%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-7,515	–	-0.54%	–
BIIB	Exit	BIOGEN INC	$0	–	-3,013	–	-0.55%	–
PPG	Exit	PPG INDS INC	$0	–	-9,919	–	-0.55%	–
IGIB	Exit	ISHARES TRinterm cr bd etf	$0	–	-7,859	–	-0.56%	–
AET	Exit	AETNA INC NEW	$0	–	-8,362	–	-0.57%	–
MCK	Exit	MCKESSON CORP	$0	–	-4,953	–	-0.57%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-20,017	–	-0.58%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-37,350	–	-0.63%	–
ALL	Exit	ALLSTATE CORP	$0	–	-18,895	–	-0.68%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-13,472	–	-0.69%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-10,900	–	-0.69%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-25,754	–	-0.72%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-13,741	–	-0.72%	–
TJX	Exit	TJX COS INC NEW	$0	–	-16,579	–	-0.74%	–
M	Exit	MACYS INC	$0	–	-22,953	–	-0.76%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-19,282	–	-0.77%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-23,724	–	-0.78%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-10,469	–	-0.81%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-23,608	–	-0.81%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-26,641	–	-0.86%	–
	Exit	CREDIT SUISSE INTERNATIONALdebt 6.500% 8/0	$0	–	-1,295,000	–	-0.87%	–
DLX	Exit	DELUXE CORP	$0	–	-26,182	–	-0.91%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-16,287	–	-1.05%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-22,929	–	-1.09%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-24,753	–	-1.19%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-19,808	–	-1.20%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-25,655	–	-1.26%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-30,833	–	-1.27%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-38,233	–	-1.30%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-38,123	–	-1.36%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-27,342	–	-1.37%	–
ORCL	Exit	ORACLE CORP	$0	–	-60,527	–	-1.37%	–
COTY	Exit	COTY INC	$0	–	-82,150	–	-1.43%	–
AGN	Exit	ALLERGAN PLC	$0	–	-8,851	–	-1.50%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,048	–	-1.56%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-22,636	–	-1.56%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-31,436	–	-1.67%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-60,586	–	-1.70%	–
AAPL	Exit	APPLE INC	$0	–	-25,756	–	-1.78%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-60,450	–	-1.96%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-70,604	–	-2.15%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-66,732	–	-2.27%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-23,987	–	-2.82%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-198,758	–	-4.07%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-647,954	–	-4.62%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-325,803	–	-8.14%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-124,441	–	-8.47%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-278,714	–	-17.09%	–

Q3 2015

			Value		Shares		↓ Weighting
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$27,420,000	-14.8%	278,714	-5.6%	17.09%	-13.5%
IWM	Sell	ISHARES TRrussell 2000 etf	$13,594,000	-20.4%	124,441	-9.6%	8.47%	-19.2%
IEV	Sell	ISHARES TReurope etf	$13,068,000	-26.2%	325,803	-14.6%	8.14%	-25.1%
EWJ	Sell	ISHARESmsci japan etf	$7,406,000	-22.4%	647,954	-11.4%	4.62%	-21.2%
EEM	Sell	ISHARES TRmsci emg mkt etf	$6,526,000	-37.6%	198,758	-21.8%	4.07%	-36.7%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$4,521,000	-21.9%	23,987	-13.7%	2.82%	-20.7%
HEDJ	Buy	WISDOMTREE TReurope hedged eq	$3,647,000	+52.4%	66,732	+81.6%	2.27%	+54.7%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$3,454,000	+7.2%	70,604	+31.7%	2.15%	+8.8%
WFC	Buy	WELLS FARGO & CO NEW	$3,153,000	+47.7%	60,450	+61.3%	1.96%	+49.9%
AAPL	Buy	APPLE INC	$2,861,000	+76.4%	25,756	+106.1%	1.78%	+79.0%
MSFT	Buy	MICROSOFT CORP	$2,730,000	+74.4%	60,586	+82.5%	1.70%	+77.0%
DHR	Buy	DANAHER CORP DEL	$2,678,000	+197.2%	31,436	+201.1%	1.67%	+201.8%
AMP	Buy	AMERIPRISE FINL INC	$2,511,000	+37.7%	22,636	+57.5%	1.56%	+39.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$2,497,000	+35.2%	21,048	+40.1%	1.56%	+37.2%
AGN	New	ALLERGAN PLC	$2,406,000	–	8,851	–	1.50%	–
COTY	Buy	COTY INC	$2,294,000	+276.1%	82,150	+235.6%	1.43%	+281.1%
ORCL	Buy	ORACLE CORP	$2,198,000	+42.9%	60,527	+72.2%	1.37%	+45.1%
BSV	Buy	VANGUARD BD INDEX FD INCshort trm bond	$2,198,000	+12.6%	27,342	+12.6%	1.37%	+14.3%
CMCSA	Buy	COMCAST CORP NEWcl a	$2,182,000	+62.0%	38,123	+66.7%	1.36%	+64.4%
MO	Buy	ALTRIA GROUP INC	$2,080,000	+84.2%	38,233	+73.4%	1.30%	+87.0%
IWS	Buy	ISHARES TRrus mdcp val etf	$2,040,000	+10.0%	30,833	+23.9%	1.27%	+11.6%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC	$2,028,000	+117.4%	25,655	+110.8%	1.26%	+120.6%
CVS	Buy	CVS HEALTH CORP	$1,925,000	+127.8%	19,808	+143.0%	1.20%	+131.2%
HCA	Buy	HCA HOLDINGS INC	$1,915,000	+57.6%	24,753	+66.7%	1.19%	+59.9%
3106PS	Buy	DELPHI AUTOMOTIVE PLC	$1,744,000	+155.3%	22,929	+191.8%	1.09%	+159.4%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$1,680,000	-9.4%	16,287	-2.4%	1.05%	-8.0%
DLX	Buy	DELUXE CORP	$1,459,000	+109.0%	26,182	+139.6%	0.91%	+111.9%
	New	CREDIT SUISSE INTERNATIONALdebt 6.500% 8/0	$1,400,000	–	1,295,000	–	0.87%	–
DFS	Buy	DISCOVER FINL SVCS	$1,385,000	+115.1%	26,641	+141.1%	0.86%	+118.5%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$1,307,000	+182.3%	23,608	+176.3%	0.81%	+186.6%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$1,294,000	+92.6%	10,469	+105.1%	0.81%	+95.2%
AAXJ	Buy	ISHARES TRmsci ac asia etf	$1,252,000	-8.9%	23,724	+14.0%	0.78%	-7.6%
PNW	Buy	PINNACLE WEST CAP CORP	$1,237,000	+119.3%	19,282	+108.4%	0.77%	+122.8%
M	Buy	MACYS INC	$1,217,000	+25.1%	22,953	+64.1%	0.76%	+27.0%
TJX	Buy	TJX COS INC NEW	$1,184,000	+143.6%	16,579	+119.8%	0.74%	+147.7%
SWKS	New	SKYWORKS SOLUTIONS INC	$1,157,000	–	13,741	–	0.72%	–
CF	Buy	CF INDS HLDGS INC	$1,156,000	+28.4%	25,754	+804.0%	0.72%	+30.2%
ROK	Buy	ROCKWELL AUTOMATION INC	$1,106,000	+22.5%	10,900	+48.4%	0.69%	+24.4%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$1,104,000	+6.7%	13,472	+7.2%	0.69%	+8.3%
ALL	Buy	ALLSTATE CORP	$1,100,000	+67.9%	18,895	+94.3%	0.68%	+70.4%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$1,008,000	+81.9%	37,350	+126.4%	0.63%	+84.7%
MPC	Buy	MARATHON PETE CORP	$927,000	+99.8%	20,017	+346.7%	0.58%	+102.8%
MCK	Buy	MCKESSON CORP	$916,000	+75.8%	4,953	+125.5%	0.57%	+78.4%
AET	New	AETNA INC NEW	$915,000	–	8,362	–	0.57%	–
IGIB	Buy	ISHARES TRinterm cr bd etf	$891,000	+1.0%	7,859	+1.1%	0.56%	+2.4%
PPG	Buy	PPG INDS INC	$882,000	+79.6%	9,919	+362.9%	0.55%	+82.7%
BIIB	New	BIOGEN INC	$879,000	–	3,013	–	0.55%	–
LQD	Buy	ISHARES TRiboxx inv cp etf	$872,000	+12.7%	7,515	+14.9%	0.54%	+14.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$852,000	-22.5%	19,585	-11.9%	0.53%	-21.3%
EFA	Sell	ISHARES TRmsci eafe etf	$792,000	-18.4%	13,820	-5.1%	0.49%	-17.1%
SDY	Buy	SPDR SERIES TRUSTs&p divid etf	$763,000	+20.5%	10,568	+30.9%	0.48%	+22.1%
COP	Buy	CONOCOPHILLIPS	$734,000	+22.7%	15,295	+63.0%	0.46%	+24.5%
TBF	Sell	PROSHARES TRshrt 20+yr tre	$716,000	-20.7%	29,188	-18.3%	0.45%	-19.5%
CWB	Buy	SPDR SERIES TRUSTbrc cnv secs etf	$691,000	-8.4%	15,450	+0.8%	0.43%	-6.9%
HAL	Buy	HALLIBURTON CO	$687,000	+141.1%	19,421	+209.8%	0.43%	+144.6%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$675,000	+78.6%	30,319	+97.5%	0.42%	+81.5%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$588,000	-32.2%	7,778	-29.0%	0.37%	-31.2%
EWY	Buy	ISHARESmsci sth kor etf	$537,000	-14.9%	11,018	+0.9%	0.34%	-13.4%
EMB	Buy	ISHARES TRjp mor em mk etf	$516,000	-2.1%	4,852	+3.4%	0.32%	-0.6%
FXI	Sell	ISHARES TRchina lg-cap etf	$448,000	-37.2%	12,619	-13.7%	0.28%	-36.3%
KHC	New	KRAFT HEINZ CO	$430,000	–	6,094	–	0.27%	–
PFE	Buy	PFIZER INC	$403,000	+9.2%	12,823	+20.8%	0.25%	+10.6%
BKLN	Sell	POWERSHARES ETF TRUST IIsenior ln port	$383,000	-15.6%	16,621	-11.7%	0.24%	-14.3%
PFF	Buy	ISHARES TRu.s. pfd stk etf	$373,000	+8.4%	9,665	+11.6%	0.23%	+10.0%
LMT	Buy	LOCKHEED MARTIN CORP	$371,000	+43.2%	1,790	+30.2%	0.23%	+45.3%
ISIS	New	ISIS PHARMACEUTICALS INC	$353,000	–	8,728	–	0.22%	–
IYH	Buy	ISHARES TRus hlthcare etf	$345,000	-3.1%	2,534	+10.6%	0.22%	-1.8%
T	Buy	AT&T INC	$341,000	+22.7%	10,471	+30.2%	0.21%	+24.0%
IGSB	Buy	ISHARES TR1-3 yr cr bd etf	$338,000	+3.4%	3,219	+4.0%	0.21%	+5.0%
GLD	Sell	SPDR GOLD TRUST	$321,000	-46.8%	2,999	-43.3%	0.20%	-45.9%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$314,000	-31.9%	1,260	-24.1%	0.20%	-30.7%
RWX	Buy	SPDR INDEX SHS FDSdj intl rl etf	$312,000	+12.2%	7,932	+23.9%	0.19%	+13.5%
AMLP	Sell	ALPS ETF TRalerian mlp	$306,000	-25.4%	25,172	-0.5%	0.19%	-24.2%
JNK	Buy	SPDR SERIES TRUSTbrc hgh yld bd	$296,000	+26.0%	8,308	+39.4%	0.18%	+27.8%
CVX	New	CHEVRON CORP NEW	$223,000	–	2,829	–	0.14%	–
EWU	Sell	ISHARES TRmsci utd kngdm	$219,000	-43.0%	13,381	-32.7%	0.14%	-42.4%
REM	Sell	ISHARES TRmrg rl es cp etf	$145,000	-26.4%	14,584	-13.6%	0.09%	-25.6%
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$55,000	-73.7%	12,583	-49.7%	0.03%	-73.4%
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-2,151	–	-0.12%	–
FM	Exit	ISHARESmsci frntr100etf	$0	–	-7,106	–	-0.13%	–
QAI	Exit	INDEXIQ ETF TRhedge mlti etf	$0	–	-7,412	–	-0.14%	–
EZU	Exit	ISHARESmsci eurzone etf	$0	–	-5,862	–	-0.14%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-3,481	–	-0.15%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-4,887	–	-0.16%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-3,279	–	-0.17%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Iunit ben int	$0	–	-13,709	–	-0.18%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-3,885	–	-0.19%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,717	–	-0.19%	–
IJJ	Exit	ISHARES TRs&p mc 400vl etf	$0	–	-2,522	–	-0.20%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-5,665	–	-0.24%	–
IWO	Exit	ISHARES TRrus 2000 grw etf	$0	–	-2,538	–	-0.24%	–
SNDK	Exit	SANDISK CORP	$0	–	-6,164	–	-0.26%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-4,416	–	-0.26%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-5,786	–	-0.30%	–
UNP	Exit	UNION PAC CORP	$0	–	-5,225	–	-0.32%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-5,799	–	-0.36%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-14,357	–	-0.39%	–
LLY	Exit	LILLY ELI & CO	$0	–	-8,545	–	-0.41%	–
EPP	Exit	ISHARESmsci pac jp etf	$0	–	-17,257	–	-0.49%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-15,873	–	-0.64%	–
DBC	Exit	POWERSHARES DB CMDTY IDX TRAunit ben int	$0	–	-181,138	–	-1.97%	–

Q2 2015

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$32,170,000	–	295,222	–	19.75%	–
IEV	New	ISHARES TReurope etf	$17,711,000	–	381,545	–	10.88%	–
IWM	New	ISHARES TRrussell 2000 etf	$17,073,000	–	137,717	–	10.48%	–
EEM	New	ISHARES TRmsci emg mkt etf	$10,457,000	–	254,062	–	6.42%	–
EWJ	New	ISHARESmsci japan etf	$9,544,000	–	731,312	–	5.86%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$5,789,000	–	27,782	–	3.55%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$3,221,000	–	53,622	–	1.98%	–
DBC	New	POWERSHARES DB CMDTY IDX TRAunit ben int	$3,208,000	–	181,138	–	1.97%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$2,393,000	–	36,747	–	1.47%	–
WFC	New	WELLS FARGO & CO NEW	$2,135,000	–	37,475	–	1.31%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$1,952,000	–	24,285	–	1.20%	–
IWS	New	ISHARES TRrus mdcp val etf	$1,855,000	–	24,879	–	1.14%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$1,854,000	–	16,685	–	1.14%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,847,000	–	15,028	–	1.13%	–
AMP	New	AMERIPRISE FINL INC	$1,824,000	–	14,372	–	1.12%	–
AAPL	New	APPLE INC	$1,622,000	–	12,496	–	1.00%	–
MSFT	New	MICROSOFT CORP	$1,565,000	–	33,191	–	0.96%	–
ORCL	New	ORACLE CORP	$1,538,000	–	35,147	–	0.94%	–
AAXJ	New	ISHARESmsci ac asia etf	$1,375,000	–	20,815	–	0.84%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,347,000	–	22,863	–	0.83%	–
HCA	New	HCA HOLDINGS INC	$1,215,000	–	14,848	–	0.75%	–
MO	New	ALTRIA GROUP INC	$1,129,000	–	22,052	–	0.69%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,100,000	–	22,240	–	0.68%	–
CBS	New	CBS CORP NEWcl b	$1,036,000	–	15,873	–	0.64%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$1,035,000	–	12,564	–	0.64%	–
M	New	MACYS INC	$973,000	–	13,988	–	0.60%	–
EFA	New	ISHARES TRmsci eafe etf	$970,000	–	14,561	–	0.60%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$933,000	–	12,168	–	0.57%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$903,000	–	35,737	–	0.55%	–
ROK	New	ROCKWELL AUTOMATION INC	$903,000	–	7,347	–	0.55%	–
CF	New	CF INDS HLDGS INC	$900,000	–	2,849	–	0.55%	–
DHR	New	DANAHER CORP DEL	$901,000	–	10,441	–	0.55%	–
IGIB	New	ISHARESinterm cr bd etf	$882,000	–	7,770	–	0.54%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$867,000	–	10,951	–	0.53%	–
CVS	New	CVS HEALTH CORP	$845,000	–	8,153	–	0.52%	–
EPP	New	ISHARESmsci pac jp etf	$794,000	–	17,257	–	0.49%	–
AGG	New	ISHARES TRcore us aggbd et	$786,000	–	7,130	–	0.48%	–
LQD	New	ISHARES TRiboxx inv cp etf	$774,000	–	6,542	–	0.48%	–
CWB	New	SPDR SERIES TRUSTbrc cnv secs etf	$754,000	–	15,322	–	0.46%	–
FXI	New	ISHARES TRchina lg-cap etf	$713,000	–	14,614	–	0.44%	–
DLX	New	DELUXE CORP	$698,000	–	10,929	–	0.43%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$683,000	–	7,857	–	0.42%	–
LLY	New	LILLY ELI & CO	$674,000	–	8,545	–	0.41%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$672,000	–	5,105	–	0.41%	–
ALL	New	ALLSTATE CORP	$655,000	–	9,723	–	0.40%	–
DFS	New	DISCOVER FINL SVCS	$644,000	–	11,051	–	0.40%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$633,000	–	8,071	–	0.39%	–
EWY	New	ISHARESmsci sth kor etf	$631,000	–	10,922	–	0.39%	–
BX	New	BLACKSTONE GROUP L P	$629,000	–	14,357	–	0.39%	–
COTY	New	COTY INC	$610,000	–	24,476	–	0.38%	–
GLD	New	SPDR GOLD TRUST	$603,000	–	5,285	–	0.37%	–
COP	New	CONOCOPHILLIPS	$598,000	–	9,386	–	0.37%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$586,000	–	5,799	–	0.36%	–
DVY	New	ISHARES TRselect divid etf	$564,000	–	7,200	–	0.35%	–
PNW	New	PINNACLE WEST CAP CORP	$564,000	–	9,252	–	0.35%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$554,000	–	16,497	–	0.34%	–
UNP	New	UNION PAC CORP	$527,000	–	5,225	–	0.32%	–
EMB	New	ISHARESjp mor em mk etf	$527,000	–	4,694	–	0.32%	–
MCK	New	MCKESSON CORP	$521,000	–	2,196	–	0.32%	–
PPG	New	PPG INDS INC	$491,000	–	2,143	–	0.30%	–
KRFT	New	KRAFT FOODS GROUP INC	$489,000	–	5,786	–	0.30%	–
TJX	New	TJX COS INC NEW	$486,000	–	7,542	–	0.30%	–
MPC	New	MARATHON PETE CORP	$464,000	–	4,481	–	0.28%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$463,000	–	8,545	–	0.28%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$461,000	–	1,660	–	0.28%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$454,000	–	18,831	–	0.28%	–
IYF	New	ISHARES TRu.s. finls etf	$426,000	–	4,416	–	0.26%	–
SNDK	New	SANDISK CORP	$421,000	–	6,164	–	0.26%	–
AMLP	New	ALPS ETF TRalerian mlp	$410,000	–	25,307	–	0.25%	–
IWO	New	ISHARES TRrus 2000 grw etf	$387,000	–	2,538	–	0.24%	–
DECK	New	DECKERS OUTDOOR CORP	$386,000	–	5,665	–	0.24%	–
EWU	New	ISHARES TRmsci utd kngdm	$384,000	–	19,881	–	0.24%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$378,000	–	15,349	–	0.23%	–
PFE	New	PFIZER INC	$369,000	–	10,616	–	0.23%	–
IYH	New	ISHARES TRus hlthcare etf	$356,000	–	2,291	–	0.22%	–
PFF	New	ISHARESu.s. pfd stk etf	$344,000	–	8,661	–	0.21%	–
IJJ	New	ISHARES TRs&p mc 400vl etf	$333,000	–	2,522	–	0.20%	–
IGSB	New	ISHARES1-3 yr cr bd etf	$327,000	–	3,096	–	0.20%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$304,000	–	3,885	–	0.19%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$305,000	–	4,717	–	0.19%	–
GSG	New	ISHARES S&P GSCI COMMODITY Iunit ben int	$290,000	–	13,709	–	0.18%	–
HAL	New	HALLIBURTON CO	$285,000	–	6,268	–	0.18%	–
T	New	AT&T INC	$278,000	–	8,040	–	0.17%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$278,000	–	6,402	–	0.17%	–
SHY	New	ISHARES TR1-3 yr tr bd etf	$278,000	–	3,279	–	0.17%	–
IFGL	New	ISHARESintl dev re etf	$274,000	–	8,735	–	0.17%	–
LMT	New	LOCKHEED MARTIN CORP	$259,000	–	1,375	–	0.16%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$258,000	–	4,887	–	0.16%	–
HCN	New	HEALTH CARE REIT INC	$245,000	–	3,481	–	0.15%	–
EZU	New	ISHARESmsci eurzone etf	$236,000	–	5,862	–	0.14%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$235,000	–	5,959	–	0.14%	–
QAI	New	INDEXIQ ETF TRhedge mlti etf	$222,000	–	7,412	–	0.14%	–
FM	New	ISHARESmsci frntr100etf	$213,000	–	7,106	–	0.13%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$209,000	–	25,011	–	0.13%	–
IVE	New	ISHARES TRs&p 500 val etf	$203,000	–	2,151	–	0.12%	–
REM	New	ISHARESmrg rl es cp etf	$197,000	–	16,884	–	0.12%	–

Q4 2014

			Value		Shares		↓ Weighting
RSE	Exit	ROUSE PPTYS INC	$0	–	-5	–	0.00%	–
AAXJ	Exit	ISHARESmsci ac asia etf	$0	–	-65	–	-0.00%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-118	–	-0.00%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-114	–	-0.01%	–
EBR	Exit	CENTRAIS ELETRICAS BRASILEIRsponsored adr	$0	–	-4,400	–	-0.01%	–
RIO	Exit	RIO TINTO PLCsponsored adr	$0	–	-260	–	-0.01%	–
BCSPRCL	Exit	BARCLAYS BK PLCadr 2 pref 2	$0	–	-500	–	-0.01%	–
PSCT	Exit	POWERSHARES ETF TR IIs&p smcp it po	$0	–	-315	–	-0.01%	–
PGF	Exit	POWERSHARES ETF TRUSTfinl pfd ptfl	$0	–	-901	–	-0.02%	–
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-241	–	-0.02%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-131	–	-0.02%	–
XLE	Exit	SELECT SECTOR SPDR TRsbi int-energy	$0	–	-237	–	-0.02%	–
RBSPRHCL	Exit	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$0	–	-1,000	–	-0.02%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-357	–	-0.03%	–
IGIB	Exit	ISHARESinterm cr bd etf	$0	–	-261	–	-0.03%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-1,417	–	-0.03%	–
IGSB	Exit	ISHARES1-3 yr cr bd etf	$0	–	-273	–	-0.03%	–
C	Exit	CITIGROUP INC	$0	–	-625	–	-0.03%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-620	–	-0.03%	–
IJK	Exit	ISHARES TRs&p mc 400gr etf	$0	–	-238	–	-0.04%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-707	–	-0.04%	–
HSBCPRA	Exit	HSBC HLDGS PLCadr a 1/40pf a	$0	–	-1,530	–	-0.04%	–
AA	Exit	ALCOA INC	$0	–	-2,480	–	-0.04%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-402	–	-0.04%	–
DBA	Exit	POWERSHS DB MULTI SECT COMMps db agricul fd	$0	–	-1,475	–	-0.04%	–
DJP	Exit	BARCLAYS BK PLCdjubs cmdt etn36	$0	–	-1,200	–	-0.04%	–
GUNR	Exit	FLEXSHARES TRmornstar upstr	$0	–	-1,269	–	-0.04%	–
IJJ	Exit	ISHARES TRs&p mc 400vl etf	$0	–	-374	–	-0.04%	–
ALD	Exit	WISDOMTREE TRasia lc dbt fd	$0	–	-1,063	–	-0.05%	–
EMLC	Exit	MARKET VECTORS ETF TRem lc curr dbt	$0	–	-2,370	–	-0.05%	–
DEM	Exit	WISDOMTREE TRemerg mkts etf	$0	–	-1,256	–	-0.06%	–
EMB	Exit	ISHARESjp mor em mk etf	$0	–	-530	–	-0.06%	–
VALE	Exit	VALE S Aadr	$0	–	-5,600	–	-0.06%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-787	–	-0.07%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-2,794	–	-0.07%	–
EPP	Exit	ISHARESmsci pac jp etf	$0	–	-1,586	–	-0.07%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-6,594	–	-0.08%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-15,287	–	-0.08%	–
NHS	Exit	NEUBERGER BERMAN HGH YLD FD	$0	–	-5,827	–	-0.08%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-2,058	–	-0.08%	–
TBT	Exit	PROSHARES TR	$0	–	-1,432	–	-0.08%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-947	–	-0.09%	–
ITUB	Exit	ITAU UNIBANCO HLDG SAspon adr rep pfd	$0	–	-7,329	–	-0.10%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-1,873	–	-0.12%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-2,364	–	-0.13%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-7,605	–	-0.14%	–
PPG	Exit	PPG INDS INC	$0	–	-738	–	-0.14%	–
MCK	Exit	MCKESSON CORP	$0	–	-765	–	-0.15%	–
CWB	Exit	SPDR SERIES TRUSTbrc cnv secs etf	$0	–	-3,032	–	-0.15%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-1,554	–	-0.15%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-4,275	–	-0.15%	–
M	Exit	MACYS INC	$0	–	-2,633	–	-0.15%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-2,186	–	-0.15%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-1,875	–	-0.16%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-1,755	–	-0.16%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-1,498	–	-0.16%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-2,024	–	-0.16%	–
ILF	Exit	ISHARES TRlatn amer 40 etf	$0	–	-4,393	–	-0.16%	–
TJX	Exit	TJX COS INC NEW	$0	–	-2,749	–	-0.16%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-1,720	–	-0.17%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-2,311	–	-0.18%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-1,658	–	-0.18%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-2,328	–	-0.18%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-2,576	–	-0.18%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-656	–	-0.18%	–
RWX	Exit	SPDR INDEX SHS FDSdj intl rl etf	$0	–	-4,465	–	-0.18%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,559	–	-0.19%	–
SNDK	Exit	SANDISK CORP	$0	–	-2,058	–	-0.20%	–
BCSPRCCL	Exit	BARCLAYS BANK PLCads7.75%pfd s4	$0	–	-8,000	–	-0.20%	–
DLX	Exit	DELUXE CORP	$0	–	-3,873	–	-0.21%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-4,101	–	-0.22%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-4,130	–	-0.22%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,922	–	-0.23%	–
GAS	Exit	AGL RES INC	$0	–	-4,509	–	-0.23%	–
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-16,783	–	-0.24%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-3,239	–	-0.24%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-4,750	–	-0.25%	–
COTY	Exit	COTY INC	$0	–	-15,222	–	-0.25%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,049	–	-0.25%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-2,976	–	-0.26%	–
ALL	Exit	ALLSTATE CORP	$0	–	-4,213	–	-0.26%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-4,034	–	-0.26%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-2,123	–	-0.26%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-4,273	–	-0.27%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,939	–	-0.28%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,173	–	-0.28%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,564	–	-0.30%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-4,314	–	-0.35%	–
PFF	Exit	ISHARESu.s. pfd stk etf	$0	–	-9,945	–	-0.39%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-18,864	–	-0.43%	–
FXI	Exit	ISHARES TRchina lg-cap etf	$0	–	-11,914	–	-0.45%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-4,017	–	-0.46%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-4,107	–	-0.48%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-26,368	–	-0.72%	–
DBC	Exit	POWERSHARES DB CMDTY IDX TRAunit ben int	$0	–	-147,080	–	-3.38%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-225,747	–	-9.28%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-880,482	–	-10.24%	–
EWG	Exit	ISHARESmsci germany etf	$0	–	-467,663	–	-12.80%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-130,432	–	-14.10%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-320,894	–	-14.30%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-220,842	–	-22.10%	–

Q3 2014

			Value		Shares		↓ Weighting
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$22,382,000	-7.5%	220,842	-7.1%	22.10%	+2.4%
IEV	Sell	ISHARES TReurope etf	$14,479,000	-14.7%	320,894	-8.2%	14.30%	-5.7%
IWM	Sell	ISHARES TRrussell 2000 etf	$14,280,000	-10.5%	130,432	-2.9%	14.10%	-1.0%
EWG	Sell	ISHARESmsci germany etf	$12,968,000	-15.5%	467,663	-4.7%	12.80%	-6.5%
EWJ	Sell	ISHARESmsci japan etf	$10,372,000	-21.7%	880,482	-19.9%	10.24%	-13.3%
EEM	Buy	ISHARES TRmsci emg mkt etf	$9,393,000	+1.5%	225,747	+5.4%	9.28%	+12.3%
DBC	Buy	POWERSHARES DB CMDTY IDX TRAunit ben int	$3,418,000	-1.6%	147,080	+12.6%	3.38%	+8.9%
TBF	Sell	PROSHARES TRshrt 20+yr tre	$731,000	-5.3%	26,368	-1.7%	0.72%	+4.8%
LQD	Buy	ISHARES TRiboxx inv cp etf	$486,000	+1.0%	4,107	+1.8%	0.48%	+11.9%
GLD	Sell	SPDR GOLD TRUST	$467,000	-12.9%	4,017	-4.1%	0.46%	-3.6%
FXI	Sell	ISHARES TRchina lg-cap etf	$456,000	-28.9%	11,914	-31.1%	0.45%	-21.3%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$437,000	-22.1%	18,864	-23.5%	0.43%	-13.8%
PFF	Sell	ISHARESu.s. pfd stk etf	$393,000	-1.8%	9,945	-0.8%	0.39%	+8.7%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$355,000	+7.9%	4,314	+7.7%	0.35%	+19.4%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$308,000	+294.9%	1,564	+291.0%	0.30%	+334.3%
MO	Buy	ALTRIA GROUP INC	$286,000	+24.3%	6,173	+12.7%	0.28%	+37.6%
MSFT	Buy	MICROSOFT CORP	$278,000	+50.3%	5,939	+34.2%	0.28%	+66.7%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC	$277,000	+39.9%	4,273	+26.6%	0.27%	+54.8%
AMP	New	AMERIPRISE FINL INC	$264,000	–	2,123	–	0.26%	–
DFS	Buy	DISCOVER FINL SVCS	$262,000	+33.7%	4,034	+27.8%	0.26%	+48.0%
ALL	Buy	ALLSTATE CORP	$261,000	+35.2%	4,213	+28.5%	0.26%	+50.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$259,000	+36.3%	2,976	+27.9%	0.26%	+50.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$255,000	+18.6%	5,049	+14.9%	0.25%	+31.2%
COTY	Buy	COTY INC	$254,000	+23.3%	15,222	+26.7%	0.25%	+36.4%
WFC	Buy	WELLS FARGO & CO NEW	$249,000	+27.7%	4,750	+28.3%	0.25%	+41.4%
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$243,000	-19.8%	3,239	-18.2%	0.24%	-11.1%
GAS	Buy	AGL RES INC	$234,000	+21.2%	4,509	+28.8%	0.23%	+34.3%
ORCL	Buy	ORACLE CORP	$229,000	+19.9%	5,922	+25.8%	0.23%	+32.9%
PNW	Buy	PINNACLE WEST CAP CORP	$228,000	+22.6%	4,130	+28.3%	0.22%	+35.5%
CMCSA	Buy	COMCAST CORP NEWcl a	$222,000	+31.4%	4,101	+30.6%	0.22%	+45.0%
DLX	New	DELUXE CORP	$216,000	–	3,873	–	0.21%	–
BCSPRCCL	Sell	BARCLAYS BANK PLCads7.75%pfd s4	$207,000	-48.1%	8,000	-48.4%	0.20%	-42.7%
SNDK	Buy	SANDISK CORP	$203,000	+23.0%	2,058	+30.1%	0.20%	+36.1%
TMO	New	THERMO FISHER SCIENTIFIC INC	$191,000	–	1,559	–	0.19%	–
VNQ	Buy	VANGUARD INDEX FDSreit etf	$185,000	+14.9%	2,576	+19.9%	0.18%	+27.1%
CF	Sell	CF INDS HLDGS INC	$185,000	+5.7%	656	-10.0%	0.18%	+17.3%
RWX	Sell	SPDR INDEX SHS FDSdj intl rl etf	$185,000	-51.6%	4,465	-48.3%	0.18%	-46.3%
COP	Buy	CONOCOPHILLIPS	$180,000	+2.9%	2,328	+14.0%	0.18%	+14.1%
GILD	Buy	GILEAD SCIENCES INC	$178,000	+63.3%	1,658	+26.1%	0.18%	+81.4%
DHR	Buy	DANAHER CORP DEL	$177,000	+30.1%	2,311	+34.0%	0.18%	+44.6%
HP	Buy	HELMERICH & PAYNE INC	$170,000	+16.4%	1,720	+36.6%	0.17%	+29.2%
TJX	New	TJX COS INC NEW	$164,000	–	2,749	–	0.16%	–
ILF	New	ISHARES TRlatn amer 40 etf	$162,000	–	4,393	–	0.16%	–
CVS	Buy	CVS HEALTH CORP	$162,000	+39.7%	2,024	+31.7%	0.16%	+53.8%
IWF	Sell	ISHARES TRrus 1000 grw etf	$161,000	-22.6%	1,755	-23.3%	0.16%	-14.5%
JNJ	Buy	JOHNSON & JOHNSON	$161,000	+32.0%	1,498	+28.4%	0.16%	+45.9%
MPC	Buy	MARATHON PETE CORP	$160,000	+42.9%	1,875	+31.2%	0.16%	+58.0%
FLS	Buy	FLOWSERVE CORP	$156,000	+20.9%	2,186	+26.1%	0.15%	+33.9%
M	Buy	MACYS INC	$155,000	+33.6%	2,633	+32.0%	0.15%	+47.1%
AAL	Buy	AMERICAN AIRLS GROUP INC	$153,000	+10.9%	4,275	+33.2%	0.15%	+22.8%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$151,000	+21.8%	1,554	+28.2%	0.15%	+34.2%
CWB	Sell	SPDR SERIES TRUSTbrc cnv secs etf	$151,000	-33.5%	3,032	-32.5%	0.15%	-26.6%
MCK	Buy	MCKESSON CORP	$150,000	+35.1%	765	+27.9%	0.15%	+49.5%
PPG	Buy	PPG INDS INC	$146,000	+20.7%	738	+27.7%	0.14%	+33.3%
IPG	Buy	INTERPUBLIC GROUP COS INC	$141,000	+15.6%	7,605	+22.0%	0.14%	+27.5%
CBS	Buy	CBS CORP NEWcl b	$128,000	+12.3%	2,364	+29.2%	0.13%	+23.5%
EFA	New	ISHARES TRmsci eafe etf	$120,000	–	1,873	–	0.12%	–
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$95,000	+33.8%	947	+29.4%	0.09%	+49.2%
IAU	New	ISHARES GOLD TRUSTishares	$77,000	–	6,594	–	0.08%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$77,000	–	15,287	–	0.08%	–
EPP	Sell	ISHARESmsci pac jp etf	$73,000	-70.4%	1,586	-68.3%	0.07%	-67.3%
SHY	Buy	ISHARES TR1-3 yr tr bd etf	$67,000	+45.7%	787	+43.6%	0.07%	+61.0%
DEM	Buy	WISDOMTREE TRemerg mkts etf	$60,000	-1.6%	1,256	+7.0%	0.06%	+9.3%
EMB	Buy	ISHARESjp mor em mk etf	$60,000	+1.7%	530	+3.3%	0.06%	+11.3%
GUNR	Buy	FLEXSHARES TRmornstar upstr	$44,000	-2.2%	1,269	+4.6%	0.04%	+7.5%
DBA	Sell	POWERSHS DB MULTI SECT COMMps db agricul fd	$39,000	-35.0%	1,475	-32.2%	0.04%	-27.8%
AA	New	ALCOA INC	$40,000	–	2,480	–	0.04%	–
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$37,000	+23.3%	707	+17.8%	0.04%	+37.0%
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$33,000	–	620	–	0.03%	–
GDX	Buy	MARKET VECTORS ETF TRgold miner etf	$30,000	-6.2%	1,417	+18.3%	0.03%	+3.4%
IGIB	New	ISHARESinterm cr bd etf	$30,000	–	261	–	0.03%	–
IGSB	New	ISHARES1-3 yr cr bd etf	$30,000	–	273	–	0.03%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$30,000	–	357	–	0.03%	–
RBSPRHCL	Sell	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$25,000	-51.0%	1,000	-50.0%	0.02%	-45.7%
XLE	Buy	SELECT SECTOR SPDR TRsbi int-energy	$22,000	+15.8%	237	+22.2%	0.02%	+29.4%
IWS	New	ISHARES TRrus mdcp val etf	$18,000	–	241	–	0.02%	–
PSCT	New	POWERSHARES ETF TR IIs&p smcp it po	$14,000	–	315	–	0.01%	–
RIO	Sell	RIO TINTO PLCsponsored adr	$13,000	-76.8%	260	-74.8%	0.01%	-74.0%
AAXJ	New	ISHARESmsci ac asia etf	$4,000	–	65	–	0.00%	–
DBP	Exit	POWERSHS DB MULTI SECT COMMdb prec mtls	$0	–	-82	–	-0.00%	–
HAP	Exit	MARKET VECTORS ETF TRnatural res etf	$0	–	-133	–	-0.00%	–
GDXJ	Exit	MARKET VECTORS ETF TRjr gold miners e	$0	–	-250	–	-0.01%	–
JJUFF	Exit	BARCLAYS BANK PLCetn djubsalumi38	$0	–	-660	–	-0.01%	–
RSX	Exit	MARKET VECTORS ETF TRrussia etf	$0	–	-504	–	-0.01%	–
IWO	Exit	ISHARESrus 2000 grw etf	$0	–	-118	–	-0.01%	–
BB	Exit	BLACKBERRY LTD	$0	–	-1,800	–	-0.02%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-502	–	-0.02%	–
AIGWS	Exit	AMERICAN INTL GROUP INC*w exp 01/19/202	$0	–	-752	–	-0.02%	–
TEO	Exit	TELECOM ARGENTINA S Aspon adr rep b	$0	–	-905	–	-0.02%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-158	–	-0.02%	–
MAT	Exit	MATTEL INC	$0	–	-648	–	-0.02%	–
CME	Exit	CME GROUP INC	$0	–	-361	–	-0.02%	–
MCD	Exit	MCDONALDS CORP	$0	–	-267	–	-0.02%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-437	–	-0.02%	–
CXW	Exit	CORRECTIONS CORP AMER NEW	$0	–	-821	–	-0.02%	–
T	Exit	AT&T INC	$0	–	-751	–	-0.02%	–
IVE	Exit	ISHARESs&p 500 val etf	$0	–	-310	–	-0.02%	–
INTC	Exit	INTEL CORP	$0	–	-918	–	-0.02%	–
PBCT	Exit	PEOPLES UNITED FINANCIAL INC	$0	–	-1,856	–	-0.02%	–
AEE	Exit	AMEREN CORP	$0	–	-692	–	-0.02%	–
PPL	Exit	PPL CORP	$0	–	-801	–	-0.02%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-695	–	-0.02%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-462	–	-0.02%	–
LLY	Exit	LILLY ELI & CO	$0	–	-447	–	-0.02%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-484	–	-0.03%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-219	–	-0.03%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-55	–	-0.03%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-55	–	-0.03%	–
AAPL	Exit	APPLE INC	$0	–	-409	–	-0.03%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-700	–	-0.03%	–
JJCTF	Exit	BARCLAYS BK PLCetn djubs copr37	$0	–	-1,202	–	-0.04%	–
BRF	Exit	MARKET VECTORS ETF TRbrazl smcp etf	$0	–	-1,645	–	-0.04%	–
HYG	Exit	ISHARESiboxx hi yd etf	$0	–	-560	–	-0.05%	–
PETM	Exit	PETSMART INC	$0	–	-1,628	–	-0.09%	–
XHB	Exit	SPDR SERIES TRUSTs&p homebuild	$0	–	-3,500	–	-0.10%	–
RTN	Exit	RAYTHEON CO	$0	–	-1,363	–	-0.11%	–
PGR	Exit	PROGRESSIVE CORP OHIO	$0	–	-7,264	–	-0.16%	–

Q2 2014

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$24,186,000	–	237,651	–	21.58%	–
IEV	New	ISHARESeurope etf	$16,983,000	–	349,658	–	15.15%	–
IWM	New	ISHARESrussell 2000 etf	$15,963,000	–	134,343	–	14.24%	–
EWG	New	ISHARESmsci germany etf	$15,343,000	–	490,513	–	13.69%	–
EWJ	New	ISHARESmsci japan etf	$13,241,000	–	1,099,780	–	11.82%	–
EEM	New	ISHARESmsci emg mkt etf	$9,258,000	–	214,164	–	8.26%	–
DBC	New	POWERSHARES DB CMDTY IDX TRAunit ben int	$3,472,000	–	130,638	–	3.10%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$772,000	–	26,817	–	0.69%	–
FXI	New	ISHARESchina lg-cap etf	$641,000	–	17,299	–	0.57%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$561,000	–	24,658	–	0.50%	–
GLD	New	SPDR GOLD TRUST	$536,000	–	4,188	–	0.48%	–
LQD	New	ISHARESiboxx inv cp etf	$481,000	–	4,036	–	0.43%	–
PFF	New	ISHARESu.s. pfd stk etf	$400,000	–	10,024	–	0.36%	–
BCSPRCCL	New	BARCLAYS BANK PLCads7.75%pfd s4	$399,000	–	15,500	–	0.36%	–
RWX	New	SPDR INDEX SHS FDSdj intl rl etf	$382,000	–	8,642	–	0.34%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$329,000	–	4,005	–	0.29%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$303,000	–	3,961	–	0.27%	–
EPP	New	ISHARESmsci pac jp etf	$247,000	–	5,007	–	0.22%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$246,000	–	16,783	–	0.22%	–
MO	New	ALTRIA GROUP INC	$230,000	–	5,479	–	0.20%	–
CWB	New	SPDR SERIES TRUSTbrc cnv secs etf	$227,000	–	4,494	–	0.20%	–
VZ	New	VERIZON COMMUNICATIONS INC	$215,000	–	4,394	–	0.19%	–
IWF	New	ISHARESrus 1000 grw etf	$208,000	–	2,287	–	0.19%	–
COTY	New	COTY INC	$206,000	–	12,015	–	0.18%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$198,000	–	3,376	–	0.18%	–
DFS	New	DISCOVER FINL SVCS	$196,000	–	3,156	–	0.18%	–
WFC	New	WELLS FARGO & CO NEW	$195,000	–	3,702	–	0.17%	–
GAS	New	AGL RES INC	$193,000	–	3,500	–	0.17%	–
ALL	New	ALLSTATE CORP	$193,000	–	3,279	–	0.17%	–
ORCL	New	ORACLE CORP	$191,000	–	4,708	–	0.17%	–
UNH	New	UNITEDHEALTH GROUP INC	$190,000	–	2,327	–	0.17%	–
PNW	New	PINNACLE WEST CAP CORP	$186,000	–	3,218	–	0.17%	–
MSFT	New	MICROSOFT CORP	$185,000	–	4,425	–	0.16%	–
PGR	New	PROGRESSIVE CORP OHIO	$184,000	–	7,264	–	0.16%	–
COP	New	CONOCOPHILLIPS	$175,000	–	2,043	–	0.16%	–
CF	New	CF INDS HLDGS INC	$175,000	–	729	–	0.16%	–
CMCSA	New	COMCAST CORP NEWcl a	$169,000	–	3,140	–	0.15%	–
SNDK	New	SANDISK CORP	$165,000	–	1,582	–	0.15%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$161,000	–	2,149	–	0.14%	–
HP	New	HELMERICH & PAYNE INC	$146,000	–	1,259	–	0.13%	–
AAL	New	AMERICAN AIRLS GROUP INC	$138,000	–	3,209	–	0.12%	–
DHR	New	DANAHER CORP DEL	$136,000	–	1,725	–	0.12%	–
FLS	New	FLOWSERVE CORP	$129,000	–	1,733	–	0.12%	–
RTN	New	RAYTHEON CO	$126,000	–	1,363	–	0.11%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$124,000	–	1,212	–	0.11%	–
JNJ	New	JOHNSON & JOHNSON	$122,000	–	1,167	–	0.11%	–
IPG	New	INTERPUBLIC GROUP COS INC	$122,000	–	6,234	–	0.11%	–
PPG	New	PPG INDS INC	$121,000	–	578	–	0.11%	–
M	New	MACYS INC	$116,000	–	1,994	–	0.10%	–
CVS	New	CVS CAREMARK CORPORATION	$116,000	–	1,537	–	0.10%	–
XHB	New	SPDR SERIES TRUSTs&p homebuild	$115,000	–	3,500	–	0.10%	–
CBS	New	CBS CORP NEWcl b	$114,000	–	1,830	–	0.10%	–
MPC	New	MARATHON PETE CORP	$112,000	–	1,429	–	0.10%	–
MCK	New	MCKESSON CORP	$111,000	–	598	–	0.10%	–
GILD	New	GILEAD SCIENCES INC	$109,000	–	1,315	–	0.10%	–
ITUB	New	ITAU UNIBANCO HLDG SAspon adr rep pfd	$105,000	–	7,329	–	0.09%	–
PETM	New	PETSMART INC	$97,000	–	1,628	–	0.09%	–
TBT	New	PROSHARES TR	$87,000	–	1,432	–	0.08%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$86,000	–	2,058	–	0.08%	–
NHS	New	NEUBERGER BERMAN HGH YLD FD	$80,000	–	5,827	–	0.07%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$78,000	–	400	–	0.07%	–
VALE	New	VALE S Aadr	$74,000	–	5,600	–	0.07%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$71,000	–	732	–	0.06%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$69,000	–	2,794	–	0.06%	–
DBA	New	POWERSHS DB MULTI SECT COMMps db agricul fd	$60,000	–	2,175	–	0.05%	–
DEM	New	WISDOMTREE TRemerg mkts etf	$61,000	–	1,174	–	0.05%	–
EMB	New	ISHARESjp mor em mk etf	$59,000	–	513	–	0.05%	–
EMLC	New	MARKET VECTORS ETF TRem lc curr dbt	$58,000	–	2,370	–	0.05%	–
RIO	New	RIO TINTO PLCsponsored adr	$56,000	–	1,030	–	0.05%	–
ALD	New	WISDOMTREE TRasia lc dbt fd	$53,000	–	1,063	–	0.05%	–
HYG	New	ISHARESiboxx hi yd etf	$53,000	–	560	–	0.05%	–
RBSPRHCL	New	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$51,000	–	2,000	–	0.05%	–
BRF	New	MARKET VECTORS ETF TRbrazl smcp etf	$50,000	–	1,645	–	0.04%	–
IJJ	New	ISHARESs&p mc 400vl etf	$47,000	–	374	–	0.04%	–
JJCTF	New	BARCLAYS BK PLCetn djubs copr37	$47,000	–	1,202	–	0.04%	–
DJP	New	BARCLAYS BK PLCdjubs cmdt etn36	$47,000	–	1,200	–	0.04%	–
SHY	New	ISHARES1-3 yr tr bd etf	$46,000	–	548	–	0.04%	–
GUNR	New	FLEXSHARES TRmornstar upstr	$45,000	–	1,213	–	0.04%	–
HSBCPRA	New	HSBC HLDGS PLCadr a 1/40pf a	$39,000	–	1,530	–	0.04%	–
AAPL	New	APPLE INC	$38,000	–	409	–	0.03%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$38,000	–	402	–	0.03%	–
AIG	New	AMERICAN INTL GROUP INC	$38,000	–	700	–	0.03%	–
IJK	New	ISHARESs&p mc 400gr etf	$37,000	–	238	–	0.03%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$32,000	–	1,198	–	0.03%	–
GOOGL	New	GOOGLE INCcl a	$32,000	–	55	–	0.03%	–
GOOG	New	GOOGLE INCcl c	$32,000	–	55	–	0.03%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$30,000	–	600	–	0.03%	–
C	New	CITIGROUP INC	$29,000	–	625	–	0.03%	–
CVX	New	CHEVRON CORP NEW	$29,000	–	219	–	0.03%	–
RAI	New	REYNOLDS AMERICAN INC	$29,000	–	484	–	0.03%	–
PPL	New	PPL CORP	$28,000	–	801	–	0.02%	–
IVE	New	ISHARESs&p 500 val etf	$28,000	–	310	–	0.02%	–
KRFT	New	KRAFT FOODS GROUP INC	$28,000	–	462	–	0.02%	–
LLY	New	LILLY ELI & CO	$28,000	–	447	–	0.02%	–
INTC	New	INTEL CORP	$28,000	–	918	–	0.02%	–
PBCT	New	PEOPLES UNITED FINANCIAL INC	$28,000	–	1,856	–	0.02%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$28,000	–	695	–	0.02%	–
AEE	New	AMEREN CORP	$28,000	–	692	–	0.02%	–
MCD	New	MCDONALDS CORP	$27,000	–	267	–	0.02%	–
T	New	AT&T INC	$27,000	–	751	–	0.02%	–
CXW	New	CORRECTIONS CORP AMER NEW	$27,000	–	821	–	0.02%	–
HCN	New	HEALTH CARE REIT INC	$27,000	–	437	–	0.02%	–
CME	New	CME GROUP INC	$26,000	–	361	–	0.02%	–
MAT	New	MATTEL INC	$25,000	–	648	–	0.02%	–
LMT	New	LOCKHEED MARTIN CORP	$25,000	–	158	–	0.02%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$22,000	–	131	–	0.02%	–
TEO	New	TELECOM ARGENTINA S Aspon adr rep b	$21,000	–	905	–	0.02%	–
AIGWS	New	AMERICAN INTL GROUP INC*w exp 01/19/202	$20,000	–	752	–	0.02%	–
WFM	New	WHOLE FOODS MKT INC	$19,000	–	502	–	0.02%	–
XLE	New	SELECT SECTOR SPDR TRsbi int-energy	$19,000	–	194	–	0.02%	–
BB	New	BLACKBERRY LTD	$18,000	–	1,800	–	0.02%	–
IWO	New	ISHARESrus 2000 grw etf	$16,000	–	118	–	0.01%	–
PGF	New	POWERSHARES ETF TRUSTfinl pfd ptfl	$16,000	–	901	–	0.01%	–
EBR	New	CENTRAIS ELETRICAS BRASILEIRsponsored adr	$13,000	–	4,400	–	0.01%	–
BCSPRCL	New	BARCLAYS BK PLCadr 2 pref 2	$13,000	–	500	–	0.01%	–
JJUFF	New	BARCLAYS BANK PLCetn djubsalumi38	$13,000	–	660	–	0.01%	–
RSX	New	MARKET VECTORS ETF TRrussia etf	$13,000	–	504	–	0.01%	–
GDXJ	New	MARKET VECTORS ETF TRjr gold miners e	$11,000	–	250	–	0.01%	–
IXJ	New	ISHARESglob hlthcre etf	$11,000	–	114	–	0.01%	–
HAP	New	MARKET VECTORS ETF TRnatural res etf	$5,000	–	133	–	0.00%	–
DBP	New	POWERSHS DB MULTI SECT COMMdb prec mtls	$4,000	–	82	–	0.00%	–
FE	New	FIRSTENERGY CORP	$4,000	–	118	–	0.00%	–
RSE	New	ROUSE PPTYS INC	$0	–	5	–	0.00%	–

Compare quarters

Export EFG Asset Management (Americas) Corp.'s holdings