Engine Capital Management, LP Activity Q4 2015-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
WCC	Sell	WESCO INTL	$52,408,871	+76188.8%	364,406	-5.0%	11.66%	-30.0%
RTX	New	RTX CORP	$50,834,138	–	706,324	–	11.31%	–
LAUR	Sell	LAUREATE EDUCATION INC-A	$49,426,309	+106881.0%	3,505,412	-8.3%	11.00%	-1.8%
SEAS	Buy	SEAWORLD ENTERTAINMENT INC	$34,199,609	+90769.4%	739,451	+10.0%	7.61%	-16.6%
CZR	Sell	CAESARS ENTERTAINMENT INC	$32,235,313	+84931.2%	695,476	-6.5%	7.17%	-21.9%
MRC	New	MRC GLOBAL INC	$30,498,178	–	2,975,432	–	6.78%	–
WLTW	Buy	WILLIS TOWERS WATSON PLC	$25,534,703	+420016.9%	122,199	+373.5%	5.68%	+285.7%
DELL	Sell	DELL TECHNOLOGIES -C	$25,451,798	+126854.3%	369,402	-0.3%	5.66%	+16.6%
NXST	New	NEXSTAR MEDIA GROUP INC	$24,845,734	–	173,298	–	5.53%	–
GTES	New	GATES INDUSTRIAL CORP PLC	$11,733,066	–	1,010,600	–	2.61%	–
AOUT	Sell	AMERICAN OUTDOOR BRANDS-W/I	$6,409,118	+112399.9%	655,329	-0.2%	1.43%	+3.3%
MGM	Buy	MGM RESORTS INTL	$4,778,800	+238939900.0%	130,000	+324900.0%	1.06%	–
AVID	Sell	AVID TECHNOLOGY	$3,946,316	+87401.5%	146,867	-17.0%	0.88%	-19.7%
BCO	New	BRINKS CO COM	$1,952,418	–	26,878	–	0.43%	–
	New	2SEVENTY BIO INC	$1,340,130	–	341,870	–	0.30%	–
	Sell	APOLLO GLOBAL MANAGEMENT INC	$167,582	+215.3%	1,867	-99.7%	0.04%	-99.7%
KDP	New	KEURIG DR PEPPER INC	$110,495	–	3,500	–	0.02%	–
SWK	Sell	STANLEY BLACK & DECKER INC	$25,074	+29398.8%	300	-66.9%	0.01%	-71.4%
SEE	Exit	SEALED AIR	$0	–	-600	–	-0.01%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-1,790	–	-0.02%	–
	Exit	PUT - SPY 100 @ 440 EXP 09/15/2023put	$0	–	-500	–	-0.09%	–
	Exit	PUT - QQQ 100 @ 368 EXP 09/15/2023put	$0	–	-500	–	-0.12%	–
ARCB	Exit	ARCBEST CORP	$0	–	-29,503	–	-0.71%	–
DBX	Exit	DROPBOX INC-CLASS A	$0	–	-1,409,000	–	-9.11%	–

Q2 2023

			Value		Shares		↓ Weighting
WCC	New	WESCO INTL	$68,698	–	383,659	–	16.65%	–
	New	APOLLO GLOBAL MANAGEMENT INC	$53,142	–	691,867	–	12.88%	–
LAUR	New	LAUREATE EDUCATION INC-A	$46,201	–	3,821,404	–	11.20%	–
CZR	New	CAESARS ENTERTAINMENT INC	$37,910	–	743,776	–	9.19%	–
SEAS	New	SEAWORLD ENTERTAINMENT INC	$37,636	–	671,946	–	9.12%	–
DBX	New	DROPBOX INC-CLASS A	$37,578	–	1,409,000	–	9.11%	–
LDOS	New	LEIDOS HOLDINGS INC	$20,458	–	231,220	–	4.96%	–
DELL	New	DELL TECHNOLOGIES -C	$20,048	–	370,502	–	4.86%	–
BCOR	New	AVANTAX INC	$19,579	–	874,857	–	4.74%	–
IWM	New	RUSSELL 2000 INDEX ISHARES	$16,658	–	88,950	–	4.04%	–
NSIT	New	INSIGHT ENTER	$7,714	–	52,711	–	1.87%	–
SIG	New	SIGNET JEWELERS LTD	$6,693	–	102,559	–	1.62%	–
EVRI	New	EVERI HOLDINGS INC	$6,548	–	452,801	–	1.59%	–
WLTW	New	WILLIS TOWERS WATSON PLC	$6,078	–	25,810	–	1.47%	–
AOUT	New	AMERICAN OUTDOOR BRANDS-W/I	$5,697	–	656,329	–	1.38%	–
AVID	New	AVID TECHNOLOGY	$4,510	–	176,867	–	1.09%	–
BERY	New	BERRY GLOBAL GROUP INC	$3,640	–	56,575	–	0.88%	–
RMR	New	RMR GROUP INC/THE - A	$2,952	–	127,419	–	0.72%	–
ARCB	New	ARCBEST CORP	$2,915	–	29,503	–	0.71%	–
CLDT	New	CHATHAM LODGING TRUST	$2,230	–	238,252	–	0.54%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$1,586	–	243,661	–	0.38%	–
CIO	New	CITY OFFICE REIT	$1,287	–	231,020	–	0.31%	–
	New	PUT - QQQ 100 @ 368 EXP 09/15/2023put	$502	–	500	–	0.12%	–
SCPL	New	SCIPLAY CORP-CLASS A	$464	–	23,593	–	0.11%	–
	New	PUT - SPY 100 @ 440 EXP 09/15/2023put	$355	–	500	–	0.09%	–
APG	New	API GROUP CORP	$340	–	12,480	–	0.08%	–
NMRK	New	NEWMARK GROUP INC-CLASS A	$294	–	47,203	–	0.07%	–
FREE	New	WHOLE EARTH BRANDS INC	$267	–	66,320	–	0.06%	–
TPB	New	TURNING POINT BRANDS INC	$149	–	6,212	–	0.04%	–
RMNI	New	RIMINI STREET INC	$147	–	30,648	–	0.04%	–
UPWK	New	UPWORK INC	$140	–	14,937	–	0.03%	–
SWK	New	STANLEY BLACK & DECKER INC	$85	–	905	–	0.02%	–
UNVR	New	UNIVAR SOLUTIONS INC	$64	–	1,790	–	0.02%	–
KFY	New	KORN FERRY	$48	–	961	–	0.01%	–
SEE	New	SEALED AIR	$24	–	600	–	0.01%	–
FERG	New	FERGUSON PLC	$10	–	63	–	0.00%	–
THS	New	TREEHOUSE FOODS	$3	–	65	–	0.00%	–
MGM	New	MGM RESORTS INTL	$2	–	40	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
VEC	Exit	V2X INC	$0	–	-25	–	0.00%	–
THS	Exit	TREEHOUSE FOODS	$0	–	-65	–	-0.00%	–
HPQ	Exit	HP INC	$0	–	-250	–	-0.00%	–
SIG	Exit	SIGNET JEWELERS LTD	$0	–	-150	–	-0.00%	–
	Exit	LOYALTY VENTURES INC	$0	–	-31,044	–	-0.01%	–
KSS	Exit	KOHL S CORP	$0	–	-7,675	–	-0.06%	–
NMRK	Exit	NEWMARK GROUP INC-CLASS A	$0	–	-31,771	–	-0.08%	–
CACI	Exit	CACI INTERNATIONAL INC	$0	–	-1,040	–	-0.09%	–
PENN	Exit	PENN ENTERTAINMENT INC	$0	–	-9,850	–	-0.09%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-20,217	–	-0.10%	–
FREE	Exit	WHOLE EARTH BRANDS INC	$0	–	-84,616	–	-0.11%	–
AGS	Exit	PLAYAGS INC	$0	–	-64,943	–	-0.11%	–
FRG	Exit	FRANCHISE GROUP INC	$0	–	-20,000	–	-0.16%	–
AJRD	Exit	AEROJET ROCKETDYNE HOLDINGS IN	$0	–	-22,446	–	-0.30%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-243,661	–	-0.54%	–
SGMS	Exit	LIGHT & WONDER INC	$0	–	-38,872	–	-0.55%	–
NLSN	Exit	NIELSEN HOLDINGS PLC	$0	–	-60,287	–	-0.56%	–
RMNI	Exit	RIMINI STREET INC	$0	–	-413,520	–	-0.64%	–
CIXX	Exit	CI FINANCIAL CORP	$0	–	-206,420	–	-0.66%	–
BXP	Exit	BOSTON PPTY	$0	–	-29,882	–	-0.74%	–
CIO	Exit	CITY OFFICE REIT	$0	–	-231,020	–	-0.76%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-248,086	–	-0.81%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-56,825	–	-0.88%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-122,166	–	-0.96%	–
BC	Exit	BRUNSWICK CORP	$0	–	-47,505	–	-1.03%	–
MGM	Exit	MGM RESORTS INTL	$0	–	-110,000	–	-1.09%	–
PRG	Exit	PROG HOLDINGS INC	$0	–	-276,602	–	-1.38%	–
AOUT	Exit	AMERICAN OUTDOOR BRANDS-W/I	$0	–	-656,329	–	-1.91%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-35,687	–	-1.98%	–
VYGG	Exit	VY GLOBAL GROWTH-CL A	$0	–	-641,629	–	-2.14%	–
FERG	Exit	FERGUSON PLC	$0	–	-75,049	–	-2.56%	–
DBX	Exit	DROPBOX INC-CLASS A	$0	–	-425,262	–	-2.93%	–
CZR	Exit	CAESARS ENTERTAINMENT INC	$0	–	-298,747	–	-3.20%	–
CG	Exit	CARLYLE GROUP INC	$0	–	-468,415	–	-4.02%	–
DELL	Exit	DELL TECHNOLOGIES -C	$0	–	-360,074	–	-4.09%	–
	Exit	APOLLO GLOBAL MANAGEMENT INC	$0	–	-300,000	–	-4.63%	–
SCPL	Exit	SCIPLAY CORP-CLASS A	$0	–	-1,323,087	–	-5.17%	–
EME	Exit	EMCOR GROUP	$0	–	-150,691	–	-5.78%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-5,555,256	–	-6.12%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-840,742	–	-6.35%	–
DIN	Exit	DINE BRANDS GLOBAL INC	$0	–	-324,102	–	-6.84%	–
LAUR	Exit	LAUREATE EDUCATION INC-A	$0	–	-2,064,772	–	-7.23%	–
BCOR	Exit	BLUCORA INC	$0	–	-1,786,452	–	-11.47%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC	$0	–	-177,450	–	-11.84%	–

Q3 2022

			Value		Shares		↓ Weighting
BCOR	Sell	BLUCORA INC	$34,550,000	-15.4%	1,786,452	-19.2%	11.47%	-30.6%
LAUR	Buy	LAUREATE EDUCATION INC-A	$21,783,000	+12206.8%	2,064,772	+13382.9%	7.23%	+9947.2%
DIN	Buy	DINE BRANDS GLOBAL INC	$20,600,000	+4.1%	324,102	+6.5%	6.84%	-14.7%
UNVR	New	UNIVAR SOLUTIONS INC	$19,118,000	–	840,742	–	6.35%	–
EME	Sell	EMCOR GROUP	$17,402,000	-21.8%	150,691	-30.3%	5.78%	-35.8%
SCPL	Sell	SCIPLAY CORP-CLASS A	$15,560,000	-37.9%	1,323,087	-26.2%	5.17%	-49.1%
	Buy	APOLLO GLOBAL MANAGEMENT INC	$13,950,000	+4677.4%	300,000	+4878.4%	4.63%	+3826.3%
DELL	Buy	DELL TECHNOLOGIES -C	$12,304,000	-1.4%	360,074	+33.4%	4.09%	-19.1%
CG	New	CARLYLE GROUP INC	$12,104,000	–	468,415	–	4.02%	–
CZR	Buy	CAESARS ENTERTAINMENT INC	$9,638,000	-6.4%	298,747	+11.2%	3.20%	-23.2%
DBX	New	DROPBOX INC-CLASS A	$8,811,000	–	425,262	–	2.93%	–
FERG	Buy	FERGUSON PLC	$7,725,000	+21971.4%	75,049	+23725.1%	2.56%	+18221.4%
AOUT	Buy	AMERICAN OUTDOOR BRANDS-W/I	$5,756,000	+3.3%	656,329	+12.0%	1.91%	-15.2%
PRG	Sell	PROG HOLDINGS INC	$4,143,000	-30.1%	276,602	-23.0%	1.38%	-42.7%
MGM	New	MGM RESORTS INTL	$3,269,000	–	110,000	–	1.09%	–
BC	Buy	BRUNSWICK CORP	$3,109,000	+19.3%	47,505	+19.2%	1.03%	-2.2%
BERY	Buy	BERRY GLOBAL GROUP INC	$2,644,000	-14.7%	56,825	+0.2%	0.88%	-30.0%
CIO	Buy	CITY OFFICE REIT	$2,303,000	+229.9%	231,020	+328.6%	0.76%	+170.3%
CIXX	Sell	CI FINANCIAL CORP	$1,978,000	-32.1%	206,420	-24.8%	0.66%	-44.3%
SGMS	Buy	LIGHT & WONDER INC	$1,667,000	+87.9%	38,872	+106.0%	0.55%	+54.3%
AJRD	New	AEROJET ROCKETDYNE HOLDINGS IN	$898,000	–	22,446	–	0.30%	–
AGS	New	PLAYAGS INC	$344,000	–	64,943	–	0.11%	–
FREE	Sell	WHOLE EARTH BRANDS INC	$325,000	-85.1%	84,616	-75.9%	0.11%	-87.8%
KSS	Sell	KOHL S CORP	$193,000	-97.8%	7,675	-96.9%	0.06%	-98.2%
SIG	New	SIGNET JEWELERS LTD	$9,000	–	150	–	0.00%	–
HPQ	New	HP INC	$6,000	–	250	–	0.00%	–
VYGGWS	Exit	VY GLOBAL GROWTH-CL A -CW30	$0	–	-128,325	–	-0.01%	–
	Exit	PUT - SPY 100 @ 387 EXP 09/16/2022put	$0	–	-200	–	-0.18%	–
	Exit	PUT - SPY 100 @ 390 EXP 09/16/2022put	$0	–	-200	–	-0.19%	–
AVID	Exit	AVID TECHNOLOGY	$0	–	-20,236	–	-0.21%	–
	Exit	PUT - SPY 100 @ 395 EXP 09/16/2022put	$0	–	-200	–	-0.22%	–
	Exit	PUT - QQQ 100 @ 340 EXP 09/16/2022put	$0	–	-200	–	-0.49%	–
	Exit	PUT - QQQ 100 @ 345 EXP 09/16/2022put	$0	–	-200	–	-0.53%	–
	Exit	PUT - SPY 100 @ 445 EXP 09/16/2022put	$0	–	-200	–	-0.55%	–
	Exit	ALGOMA STEEL GROUP INC	$0	–	-166,112	–	-0.60%	–
	Exit	PUT - QQQ 100 @ 350 EXP 09/16/2022put	$0	–	-400	–	-1.13%	–

Q2 2022

			Value		Shares		↓ Weighting
BCOR	New	BLUCORA INC	$40,826,000	–	2,211,613	–	16.53%	–
WLTW	New	WILLIS TOWERS WATSON PLC	$35,027,000	–	177,450	–	14.18%	–
SCPL	New	SCIPLAY CORP-CLASS A	$25,061,000	–	1,793,078	–	10.15%	–
EME	New	EMCOR GROUP	$22,246,000	–	216,060	–	9.01%	–
DIN	New	DINE BRANDS GLOBAL INC	$19,798,000	–	304,215	–	8.02%	–
DELL	New	DELL TECHNOLOGIES -C	$12,475,000	–	269,974	–	5.05%	–
CZR	New	CAESARS ENTERTAINMENT INC	$10,293,000	–	268,747	–	4.17%	–
HIL	New	HILL INTERNATIONAL INC	$9,333,000	–	5,555,256	–	3.78%	–
KSS	New	KOHL S CORP	$8,769,000	–	245,688	–	3.55%	–
VYGG	New	VY GLOBAL GROWTH-CL A	$6,348,000	–	641,629	–	2.57%	–
PRG	New	PROG HOLDINGS INC	$5,929,000	–	359,327	–	2.40%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$5,813,000	–	35,687	–	2.35%	–
AOUT	New	AMERICAN OUTDOOR BRANDS-W/I	$5,571,000	–	585,771	–	2.26%	–
RMR	New	RMR GROUP INC/THE - A	$3,463,000	–	122,166	–	1.40%	–
BERY	New	BERRY GLOBAL GROUP INC	$3,099,000	–	56,725	–	1.26%	–
CIXX	New	CI FINANCIAL CORP	$2,915,000	–	274,420	–	1.18%	–
	New	PUT - QQQ 100 @ 350 EXP 09/16/2022put	$2,793,000	–	400	–	1.13%	–
BXP	New	BOSTON PPTY	$2,659,000	–	29,882	–	1.08%	–
BC	New	BRUNSWICK CORP	$2,605,000	–	39,841	–	1.06%	–
CLDT	New	CHATHAM LODGING TRUST	$2,592,000	–	248,086	–	1.05%	–
RMNI	New	RIMINI STREET INC	$2,485,000	–	413,520	–	1.01%	–
FREE	New	WHOLE EARTH BRANDS INC	$2,178,000	–	351,227	–	0.88%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$1,771,000	–	243,661	–	0.72%	–
	New	ALGOMA STEEL GROUP INC	$1,492,000	–	166,112	–	0.60%	–
NLSN	New	NIELSEN HOLDINGS PLC	$1,400,000	–	60,287	–	0.57%	–
	New	PUT - SPY 100 @ 445 EXP 09/16/2022put	$1,361,000	–	200	–	0.55%	–
	New	PUT - QQQ 100 @ 345 EXP 09/16/2022put	$1,299,000	–	200	–	0.53%	–
	New	PUT - QQQ 100 @ 340 EXP 09/16/2022put	$1,202,000	–	200	–	0.49%	–
SGMS	New	LIGHT & WONDER INC	$887,000	–	18,872	–	0.36%	–
FRG	New	FRANCHISE GROUP INC	$701,000	–	20,000	–	0.28%	–
CIO	New	CITY OFFICE REIT	$698,000	–	53,905	–	0.28%	–
	New	PUT - SPY 100 @ 395 EXP 09/16/2022put	$530,000	–	200	–	0.22%	–
AVID	New	AVID TECHNOLOGY	$525,000	–	20,236	–	0.21%	–
	New	PUT - SPY 100 @ 390 EXP 09/16/2022put	$473,000	–	200	–	0.19%	–
	New	PUT - SPY 100 @ 387 EXP 09/16/2022put	$441,000	–	200	–	0.18%	–
GTN	New	GRAY TELEVISION INC	$341,000	–	20,217	–	0.14%	–
NMRK	New	NEWMARK GROUP INC-CLASS A	$307,000	–	31,771	–	0.12%	–
PENN	New	PENN ENTERTAINMENT INC	$300,000	–	9,850	–	0.12%	–
CACI	New	CACI INTERNATIONAL INC	$293,000	–	1,040	–	0.12%	–
	New	APOLLO GLOBAL MANAGEMENT INC	$292,000	–	6,026	–	0.12%	–
LAUR	New	LAUREATE EDUCATION INC-A	$177,000	–	15,314	–	0.07%	–
	New	LOYALTY VENTURES INC	$111,000	–	31,044	–	0.04%	–
FERG	New	FERGUSON PLC	$35,000	–	315	–	0.01%	–
VYGGWS	New	VY GLOBAL GROWTH-CL A -CW30	$30,000	–	128,325	–	0.01%	–
THS	New	TREEHOUSE FOODS	$3,000	–	65	–	0.00%	–
VEC	New	V2X INC	$1,000	–	25	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
THS	Exit	TREEHOUSE FOODS	$0	–	-65	–	-0.00%	–
EME	Exit	EMCOR GROUP	$0	–	-600	–	-0.02%	–
BV	Exit	BRIGHTVIEW HOLDINGS INC	$0	–	-5,500	–	-0.02%	–
TISI	Exit	TEAM INC	$0	–	-30,000	–	-0.02%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-4,250	–	-0.03%	–
CMCT	Exit	CIM COMMERCIAL TRUST CORP	$0	–	-26,590	–	-0.07%	–
KKR	Exit	KKR & CO INC	$0	–	-4,072	–	-0.07%	–
NMRK	Exit	NEWMARK GROUP INC-CLASS A	$0	–	-31,771	–	-0.12%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-20,217	–	-0.13%	–
CIO	Exit	CITY OFFICE REIT	$0	–	-53,905	–	-0.26%	–
ATGE	Exit	ADTALEM GLOBAL EDUCATION INC	$0	–	-33,771	–	-0.35%	–
LOV	Exit	SPARK NETWORKS SE-ADR	$0	–	-599,030	–	-0.57%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-243,661	–	-0.64%	–
LAUR	Exit	LAUREATE EDUCATION INC-A	$0	–	-157,668	–	-0.73%	–
KBR	Exit	KBR INC	$0	–	-75,293	–	-0.81%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-248,086	–	-0.83%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-20,687	–	-0.86%	–
BXP	Exit	BOSTON PPTY	$0	–	-29,882	–	-0.88%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-138,828	–	-1.27%	–
CACI	Exit	CACI INTERNATIONAL INC	$0	–	-22,498	–	-1.61%	–
GPX	Exit	GP STRATEGIES	$0	–	-306,700	–	-1.73%	–
VYGGU	Exit	VY GLOBAL GROWTH	$0	–	-641,629	–	-1.76%	–
LEGO	Exit	LEGATO MERGER CORP	$0	–	-841,799	–	-2.42%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-5,555,256	–	-3.14%	–
APO	Exit	APOLLO GLOBAL MANAGEMENT INC	$0	–	-235,326	–	-3.96%	–
PAE	Exit	PAE INC	$0	–	-2,562,295	–	-4.18%	–
	Exit	TISI CB 5 01AUG2023	$0	–	-17,250,000	–	-4.54%	–
CZR	Exit	CAESARS ENTERTAINMENT INC	$0	–	-149,921	–	-4.60%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC	$0	–	-88,000	–	-5.59%	–
KSS	Exit	KOHL S CORP	$0	–	-513,941	–	-6.61%	–
PRG	Exit	PROG HOLDINGS INC	$0	–	-636,449	–	-7.30%	–
CIXX	Exit	CI FINANCIAL CORP	$0	–	-1,382,570	–	-7.67%	–
HMHC	Exit	HOUGHTON MIFFLIN	$0	–	-3,019,099	–	-11.07%	–
DELL	Exit	DELL TECHNOLOGIES -C	$0	–	-919,712	–	-26.13%	–

Q3 2021

			Value		Shares		↓ Weighting
DELL	Buy	DELL TECHNOLOGIES -C	$95,687,000	+32.0%	919,712	+26.5%	26.13%	+13.3%
HMHC	Buy	HOUGHTON MIFFLIN	$40,546,000	+30.8%	3,019,099	+7.5%	11.07%	+12.3%
CIXX	Buy	CI FINANCIAL CORP	$28,083,000	+21.1%	1,382,570	+9.4%	7.67%	+4.0%
PRG	Buy	PROG HOLDINGS INC	$26,737,000	+24429.4%	636,449	+28061.5%	7.30%	+20762.9%
KSS	Buy	KOHL S CORP	$24,201,000	+54.9%	513,941	+81.2%	6.61%	+32.9%
WLTW	New	WILLIS TOWERS WATSON PLC	$20,456,000	–	88,000	–	5.59%	–
CZR	Buy	CAESARS ENTERTAINMENT INC	$16,833,000	+47.2%	149,921	+36.0%	4.60%	+26.4%
PAE	Sell	PAE INC	$15,323,000	-34.6%	2,562,295	-2.6%	4.18%	-43.8%
APO	Buy	APOLLO GLOBAL MANAGEMENT INC	$14,494,000	+7.2%	235,326	+8.3%	3.96%	-8.0%
LEGO	New	LEGATO MERGER CORP	$8,856,000	–	841,799	–	2.42%	–
GPX	Buy	GP STRATEGIES	$6,349,000	+32.1%	306,700	+0.3%	1.73%	+13.4%
CACI	Sell	CACI INTERNATIONAL INC	$5,897,000	-71.1%	22,498	-71.8%	1.61%	-75.2%
RMR	Sell	RMR GROUP INC/THE - A	$4,644,000	-54.6%	138,828	-47.6%	1.27%	-61.1%
LOV	Sell	SPARK NETWORKS SE-ADR	$2,103,000	-32.9%	599,030	-0.9%	0.57%	-42.4%
ATGE	Sell	ADTALEM GLOBAL EDUCATION INC	$1,277,000	-94.5%	33,771	-94.9%	0.35%	-95.3%
KKR	Sell	KKR & CO INC	$248,000	-56.9%	4,072	-58.0%	0.07%	-62.8%
CMCT	Sell	CIM COMMERCIAL TRUST CORP	$241,000	-92.4%	26,590	-92.5%	0.07%	-93.5%
UNVR	Sell	UNIVAR SOLUTIONS INC	$101,000	-63.1%	4,250	-62.2%	0.03%	-67.8%
TISI	New	TEAM INC	$90,000	–	30,000	–	0.02%	–
BV	New	BRIGHTVIEW HOLDINGS INC	$81,000	–	5,500	–	0.02%	–
THS	New	TREEHOUSE FOODS	$3,000	–	65	–	0.00%	–
IWM	Exit	RUSSELL 2000 INDEX ISHARES	$0	–	-351	–	-0.03%	–
AGLY	Exit	AGILITI INC	$0	–	-4,000	–	-0.03%	–
SAIC	Exit	SCNC APP INT CRP	$0	–	-1,221	–	-0.03%	–
	Exit	PUT - IWO 100 @ 285 EXP 08/20/2021	$0	–	-400	–	-0.04%	–
MTRX	Exit	MATRIX SERVICE	$0	–	-32,034	–	-0.11%	–
CHNG	Exit	CHANGE HEALTHCARE INC	$0	–	-30,000	–	-0.22%	–

Q2 2021

			Value		Shares		↓ Weighting
DELL	New	DELL TECHNOLOGIES -C	$72,480,000	–	727,198	–	23.06%	–
HMHC	New	HOUGHTON MIFFLIN	$30,992,000	–	2,807,214	–	9.86%	–
PAE	New	PAE INC	$23,420,000	–	2,631,482	–	7.45%	–
ATGE	New	ADTALEM GLOBAL EDUCATION INC	$23,375,000	–	655,853	–	7.44%	–
CIXX	New	CI FINANCIAL CORP	$23,182,000	–	1,263,770	–	7.38%	–
CACI	New	CACI INTERNATIONAL INC	$20,385,000	–	79,903	–	6.49%	–
	New	TISI CB 5 01AUG2023	$16,962,000	–	17,250,000	–	5.40%	–
KSS	New	KOHL S CORP	$15,628,000	–	283,576	–	4.97%	–
HIL	New	HILL INTERNATIONAL INC	$13,833,000	–	5,555,256	–	4.40%	–
APO	New	APOLLO GLOBAL MANAGEMENT INC	$13,516,000	–	217,306	–	4.30%	–
CZR	New	CAESARS ENTERTAINMENT INC	$11,435,000	–	110,221	–	3.64%	–
RMR	New	RMR GROUP INC/THE - A	$10,237,000	–	264,924	–	3.26%	–
VYGGU	New	VY GLOBAL GROWTH	$6,641,000	–	641,629	–	2.11%	–
GPX	New	GP STRATEGIES	$4,806,000	–	305,700	–	1.53%	–
BXP	New	BOSTON PPTY	$3,424,000	–	29,882	–	1.09%	–
CLDT	New	CHATHAM LODGING TRUST	$3,193,000	–	248,086	–	1.02%	–
CMCT	New	CIM COMMERCIAL TRUST CORP	$3,179,000	–	355,240	–	1.01%	–
LOV	New	SPARK NETWORKS SE-ADR	$3,132,000	–	604,580	–	1.00%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$3,059,000	–	20,687	–	0.97%	–
KBR	New	KBR INC	$2,872,000	–	75,293	–	0.91%	–
LAUR	New	LAUREATE EDUCATION INC-A	$2,288,000	–	157,668	–	0.73%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$2,273,000	–	243,661	–	0.72%	–
CHNG	New	CHANGE HEALTHCARE INC	$692,000	–	30,000	–	0.22%	–
CIO	New	CITY OFFICE REIT	$670,000	–	53,905	–	0.21%	–
KKR	New	KKR & CO INC	$575,000	–	9,699	–	0.18%	–
GTN	New	GRAY TELEVISION INC	$473,000	–	20,217	–	0.15%	–
NMRK	New	NEWMARK GROUP INC-CLASS A	$382,000	–	31,771	–	0.12%	–
MTRX	New	MATRIX SERVICE	$336,000	–	32,034	–	0.11%	–
UNVR	New	UNIVAR SOLUTIONS INC	$274,000	–	11,250	–	0.09%	–
	New	PUT - IWO 100 @ 285 EXP 08/20/2021	$113,000	–	400	–	0.04%	–
PRG	New	PROG HOLDINGS INC	$109,000	–	2,260	–	0.04%	–
SAIC	New	SCNC APP INT CRP	$107,000	–	1,221	–	0.03%	–
AGLY	New	AGILITI INC	$87,000	–	4,000	–	0.03%	–
IWM	New	RUSSELL 2000 INDEX ISHARES	$81,000	–	351	–	0.03%	–
EME	New	EMCOR GROUP	$74,000	–	600	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
SEAS	Exit	SEAWORLD ENTERTAINMENT INC	$0	–	-9,955	–	-0.10%	–
OSW	Exit	ONESPAWORLD HOLDINGS LTD	$0	–	-63,981	–	-0.21%	–
TISI	Exit	TEAM INC	$0	–	-75,779	–	-0.21%	–
CR	Exit	CRANE CO	$0	–	-10,000	–	-0.25%	–
KFY	Exit	KORN FERRY	$0	–	-20,000	–	-0.29%	–
STAY	Exit	EXTENDED STAY AM	$0	–	-49,009	–	-0.30%	–
	Exit	PUT - IWM 100 @ 148 EXP 11/06/2020	$0	–	-1,000	–	-0.30%	–
GTN	Exit	GRAY TELEVISION INC	$0	–	-52,199	–	-0.36%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-141,388	–	-0.37%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-150,800	–	-0.58%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-15,687	–	-0.71%	–
HMHC	Exit	HOUGHTON MIFFLIN	$0	–	-1,342,906	–	-1.17%	–
LOV	Exit	SPARK NETWORKS SE-ADR	$0	–	-604,580	–	-1.49%	–
SMCI	Exit	SUPER MICRO COMPUTER INC	$0	–	-125,735	–	-1.67%	–
MTRX	Exit	MATRIX SERVICE	$0	–	-460,998	–	-1.94%	–
GPX	Exit	GP STRATEGIES	$0	–	-403,612	–	-1.96%	–
HSII	Exit	HEIDRICK STRUGG	$0	–	-237,344	–	-2.35%	–
KKR	Exit	KKR & CO INC	$0	–	-170,000	–	-2.94%	–
BV	Exit	BRIGHTVIEW HOLDINGS INC	$0	–	-541,052	–	-3.11%	–
AZZ	Exit	AZZ INC	$0	–	-190,730	–	-3.28%	–
PRSP	Exit	PERSPECTA INC	$0	–	-358,060	–	-3.51%	–
SAIC	Exit	SCNC APP INT CRP	$0	–	-91,409	–	-3.61%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-5,555,256	–	-3.70%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-267,226	–	-3.70%	–
ACM	Exit	AECOM	$0	–	-188,301	–	-3.97%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-479,310	–	-4.08%	–
CMCT	Exit	CIM COMMERCIAL TRUST CORP	$0	–	-910,732	–	-4.53%	–
CZR	Exit	CAESARS ENTERTAINMENT INC	$0	–	-185,221	–	-5.23%	–
	Exit	TISI CB 5 01AUG2023	$0	–	-18,250,000	–	-7.50%	–
DAR	Exit	DARLING INGREDIENTS INC	$0	–	-426,720	–	-7.75%	–
KBR	Exit	KBR INC	$0	–	-1,270,283	–	-14.32%	–
DELL	Exit	DELL TECHNOLOGIES -C	$0	–	-424,787	–	-14.50%	–

Q3 2020

			Value		Shares		↓ Weighting
DELL	Buy	DELL TECHNOLOGIES -C	$28,754,000	+32.8%	424,787	+7.7%	14.50%	+1.8%
KBR	Buy	KBR INC	$28,404,000	+31.7%	1,270,283	+32.8%	14.32%	+1.0%
DAR	Buy	DARLING INGREDIENTS INC	$15,375,000	+1625.6%	426,720	+1079.4%	7.75%	+1222.7%
	Buy	TISI CB 5 01AUG2023	$14,868,000	+319.4%	18,250,000	+265.0%	7.50%	+221.5%
CZR	New	CAESARS ENTERTAINMENT INC	$10,383,000	–	185,221	–	5.23%	–
CMCT	Sell	CIM COMMERCIAL TRUST CORP	$8,980,000	-8.6%	910,732	-0.1%	4.53%	-29.9%
UNVR	Buy	UNIVAR SOLUTIONS INC	$8,091,000	+2374.3%	479,310	+2368.3%	4.08%	+1797.2%
ACM	Buy	AECOM	$7,879,000	+36.6%	188,301	+22.6%	3.97%	+4.7%
RMR	Buy	RMR GROUP INC/THE - A	$7,341,000	-0.4%	267,226	+6.9%	3.70%	-23.6%
SAIC	Buy	SCNC APP INT CRP	$7,168,000	+45.5%	91,409	+44.2%	3.61%	+11.6%
PRSP	Buy	PERSPECTA INC	$6,964,000	+114.1%	358,060	+155.8%	3.51%	+64.2%
AZZ	New	AZZ INC	$6,508,000	–	190,730	–	3.28%	–
BV	Sell	BRIGHTVIEW HOLDINGS INC	$6,168,000	-48.2%	541,052	-49.1%	3.11%	-60.3%
HSII	New	HEIDRICK STRUGG	$4,664,000	–	237,344	–	2.35%	–
GPX	Buy	GP STRATEGIES	$3,891,000	+523.6%	403,612	+454.5%	1.96%	+378.5%
MTRX	Buy	MATRIX SERVICE	$3,849,000	-4.6%	460,998	+11.0%	1.94%	-26.9%
SMCI	Sell	SUPER MICRO COMPUTER INC	$3,319,000	-25.7%	125,735	-20.0%	1.67%	-43.0%
HMHC	Buy	HOUGHTON MIFFLIN	$2,323,000	+40.6%	1,342,906	+47.1%	1.17%	+7.8%
NXST	Sell	NEXSTAR MEDIA GROUP INC	$1,411,000	-9.8%	15,687	-16.1%	0.71%	-30.8%
CLDT	New	CHATHAM LODGING TRUST	$1,149,000	–	150,800	–	0.58%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$732,000	–	141,388	–	0.37%	–
	New	PUT - IWM 100 @ 148 EXP 11/06/2020	$602,000	–	1,000	–	0.30%	–
STAY	Sell	EXTENDED STAY AM	$586,000	-24.1%	49,009	-29.0%	0.30%	-41.9%
KFY	New	KORN FERRY	$580,000	–	20,000	–	0.29%	–
OSW	Sell	ONESPAWORLD HOLDINGS LTD	$416,000	-27.4%	63,981	-46.7%	0.21%	-44.3%
TISI	Buy	TEAM INC	$417,000	+348.4%	75,779	+352.4%	0.21%	+244.3%
SCPL	Exit	SCIPLAY CORP-CLASS A	$0	–	-10,000	–	-0.10%	–
ON	Exit	ON SEMICONDUCTOR CORP	$0	–	-12,300	–	-0.16%	–
HBIO	Exit	HARVARD BIOSCI	$0	–	-90,221	–	-0.18%	–
REPH	Exit	RECRO PHARMA INC	$0	–	-70,212	–	-0.21%	–
LKQ	Exit	LKQ CORP	$0	–	-13,651	–	-0.24%	–
RST	Exit	ROSETTA STONE INC	$0	–	-71,750	–	-0.80%	–
FL	Exit	FOOT LOCKER INC	$0	–	-98,973	–	-1.90%	–
PLCE	Exit	CHILDRENS PLACE INC	$0	–	-139,219	–	-3.42%	–
PWR	Exit	QUANTA SVCS	$0	–	-140,688	–	-3.63%	–
CBAY	Exit	CYMABAY THERAPEUTICS INC. COMMON STOCK	$0	–	-1,766,196	–	-4.05%	–
PDLI	Exit	PDL BIOPHARMA	$0	–	-2,676,850	–	-5.12%	–

Q2 2020

			Value		Shares		↓ Weighting
DELL	New	DELL TECHNOLOGIES -C	$21,660,000	–	394,242	–	14.24%	–
KBR	New	KBR INC	$21,572,000	–	956,628	–	14.18%	–
BV	New	BRIGHTVIEW HOLDINGS INC	$11,897,000	–	1,062,259	–	7.82%	–
CMCT	New	CIM COMMERCIAL TRUST CORP	$9,827,000	–	911,634	–	6.46%	–
HIL	New	HILL INTERNATIONAL INC	$8,444,000	–	5,555,256	–	5.55%	–
PDLI	New	PDL BIOPHARMA	$7,790,000	–	2,676,850	–	5.12%	–
RMR	New	RMR GROUP INC/THE - A	$7,369,000	–	250,061	–	4.84%	–
CBAY	New	CYMABAY THERAPEUTICS INC. COMMON STOCK	$6,164,000	–	1,766,196	–	4.05%	–
ACM	New	AECOM	$5,770,000	–	153,544	–	3.79%	–
PWR	New	QUANTA SVCS	$5,519,000	–	140,688	–	3.63%	–
KKR	New	KKR & CO INC	$5,250,000	–	170,000	–	3.45%	–
PLCE	New	CHILDRENS PLACE INC	$5,210,000	–	139,219	–	3.42%	–
SAIC	New	SCNC APP INT CRP	$4,926,000	–	63,409	–	3.24%	–
SMCI	New	SUPER MICRO COMPUTER INC	$4,465,000	–	157,265	–	2.94%	–
MTRX	New	MATRIX SERVICE	$4,035,000	–	415,170	–	2.65%	–
	New	TISI CB 5 01AUG2023	$3,545,000	–	5,000,000	–	2.33%	–
PRSP	New	PERSPECTA INC	$3,252,000	–	140,000	–	2.14%	–
FL	New	FOOT LOCKER INC	$2,886,000	–	98,973	–	1.90%	–
LOV	New	SPARK NETWORKS SE-ADR	$1,995,000	–	604,580	–	1.31%	–
HMHC	New	HOUGHTON MIFFLIN	$1,652,000	–	912,617	–	1.09%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$1,564,000	–	18,687	–	1.03%	–
RST	New	ROSETTA STONE INC	$1,210,000	–	71,750	–	0.80%	–
DAR	New	DARLING INGREDIENTS INC	$891,000	–	36,181	–	0.59%	–
STAY	New	EXTENDED STAY AM	$772,000	–	69,009	–	0.51%	–
GTN	New	GRAY TELEVISION INC	$728,000	–	52,199	–	0.48%	–
GPX	New	GP STRATEGIES	$624,000	–	72,784	–	0.41%	–
CR	New	CRANE CO	$595,000	–	10,000	–	0.39%	–
OSW	New	ONESPAWORLD HOLDINGS LTD	$573,000	–	120,127	–	0.38%	–
LKQ	New	LKQ CORP	$358,000	–	13,651	–	0.24%	–
UNVR	New	UNIVAR SOLUTIONS INC	$327,000	–	19,419	–	0.22%	–
REPH	New	RECRO PHARMA INC	$319,000	–	70,212	–	0.21%	–
HBIO	New	HARVARD BIOSCI	$280,000	–	90,221	–	0.18%	–
ON	New	ON SEMICONDUCTOR CORP	$244,000	–	12,300	–	0.16%	–
SCPL	New	SCIPLAY CORP-CLASS A	$148,000	–	10,000	–	0.10%	–
SEAS	New	SEAWORLD ENTERTAINMENT INC	$147,000	–	9,955	–	0.10%	–
TISI	New	TEAM INC	$93,000	–	16,752	–	0.06%	–

Q4 2019

			Value		Shares		↓ Weighting
AMBR	Exit	AMBER ROAD INC EAST RUTHERFOR COM STK	$0	–	-1,044	–	-0.01%	–
NLS	Exit	NAUTILUS INC COM STK	$0	–	-31,944	–	-0.02%	–
KMDA	Exit	KAMADA LTD COM STK	$0	–	-10,253	–	-0.03%	–
FLEX	Exit	FLEX LTD COM STK	$0	–	-6,095	–	-0.03%	–
BBBY	Exit	BED BATH BEYOND INC COM STK	$0	–	-5,789	–	-0.03%	–
HBI	Exit	HANESBRANDS	$0	–	-5,038	–	-0.04%	–
SCHL	Exit	SCHOLASTIC CORP COM STK	$0	–	-2,479	–	-0.04%	–
RLH	Exit	RED LION HOTELS CORP COM STK	$0	–	-13,905	–	-0.04%	–
J	Exit	JACOBS ENGR GROUP INC COM STK	$0	–	-1,697	–	-0.07%	–
PLCE	Exit	CHILDREN'S PLACE INCCOM STK	$0	–	-1,864	–	-0.07%	–
STAY	Exit	EXTENDED STAY AM	$0	–	-9,981	–	-0.07%	–
AZZ	Exit	AZZ INC COM STK	$0	–	-3,705	–	-0.08%	–
MG	Exit	MISTRAS GROUP INC	$0	–	-11,894	–	-0.08%	–
ATTO	Exit	ATENTO S A	$0	–	-65,189	–	-0.08%	–
SWIR	Exit	SIERRA WIRELESS INC	$0	–	-18,337	–	-0.09%	–
ON	Exit	ON SEMICONDUCTOR CORP / SEMIC COM STK	$0	–	-14,871	–	-0.14%	–
LKQ	Exit	LKQ CORP COM STK	$0	–	-10,498	–	-0.15%	–
RBBN	Exit	RIBBON COMMUNICATIONS INC	$0	–	-130,088	–	-0.32%	–
SIC	Exit	SELECT INTERIOR CONCEPTS-A	$0	–	-58,351	–	-0.35%	–
MGM	Exit	MGM RESORT INTL COM STK	$0	–	-29,389	–	-0.39%	–
IAC	Exit	IAC / INTERACTIVECORP COM STK	$0	–	-4,000	–	-0.41%	–
INWK	Exit	INNERWORKINGS INC	$0	–	-217,339	–	-0.45%	–
GTN	Exit	GRAY TELEVISION INC COM STK	$0	–	-70,400	–	-0.54%	–
ERI	Exit	ELDORADO RESORTS LLC	$0	–	-35,000	–	-0.65%	–
PBPB	Exit	POTBELLY CORP	$0	–	-418,808	–	-0.88%	–
VRNT	Exit	VERINT SYS INC COM STK	$0	–	-60,000	–	-1.20%	–
WH	Exit	WYNDHAM HOTELS & RESORTS INC	$0	–	-51,221	–	-1.24%	–
LOV	Exit	SPARK NETWORKS SE-ADR	$0	–	-487,704	–	-1.26%	–
REVG	Exit	REV GROUP INC	$0	–	-261,437	–	-1.48%	–
TPC	Exit	TUTOR PERINI CORP COM STK	$0	–	-220,710	–	-1.48%	–
PFSW	Exit	PFSWEB INC COM STK	$0	–	-1,344,052	–	-1.56%	–
BLBD	Exit	BLUE BIRD CORP COM STK	$0	–	-194,700	–	-1.73%	–
EVRI	Exit	EVERI HOLDINGS INC	$0	–	-539,016	–	-2.13%	–
KKR	Exit	KKR & CO INC	$0	–	-170,000	–	-2.13%	–
WAIR	Exit	WSCO ARCRFT HLDS	$0	–	-440,696	–	-2.27%	–
BC	Exit	BRUNSWICK CORP COM STK	$0	–	-96,719	–	-2.36%	–
CARB	Exit	CARBONITE INC	$0	–	-387,799	–	-2.81%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-59,158	–	-2.83%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-300,358	–	-2.94%	–
KBR	Exit	KBR INC	$0	–	-271,003	–	-3.12%	–
CRCM	Exit	CARE COM INC	$0	–	-795,356	–	-3.88%	–
HBIO	Exit	HARVARD BIOSCIENCE INC COM STK	$0	–	-3,542,852	–	-4.92%	–
REPH	Exit	RECRO PHARMA INC	$0	–	-1,104,546	–	-5.72%	–
DELL	Exit	DELL TECHNOLOGIES -C	$0	–	-330,070	–	-7.98%	–
PWR	Exit	QUANTA SVCS INC COM STK	$0	–	-478,433	–	-8.45%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-6,222,016	–	-8.60%	–
ACM	Exit	AECOM	$0	–	-535,756	–	-9.40%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-727,001	–	-15.45%	–

Q3 2019

			Value		Shares		↓ Weighting
RMR	Sell	RMR GROUP INC/THE - A	$33,065,000	-3.6%	727,001	-0.4%	15.45%	-5.9%
ACM	Sell	AECOM	$20,123,000	-12.3%	535,756	-11.6%	9.40%	-14.4%
HIL	Buy	HILL INTERNATIONAL INC	$18,410,000	+22.7%	6,222,016	+12.0%	8.60%	+19.8%
PWR	Buy	QUANTA SVCS INC COM STK	$18,085,000	+15626.1%	478,433	+15757.9%	8.45%	+15267.3%
DELL	Buy	DELL TECHNOLOGIES -C	$17,076,000	+15.4%	330,070	+13.3%	7.98%	+12.7%
HBIO	Buy	HARVARD BIOSCIENCE INC COM STK	$10,536,000	+182.0%	3,542,852	+89.7%	4.92%	+175.2%
CRCM	New	CARE COM INC	$8,311,000	–	795,356	–	3.88%	–
KBR	Buy	KBR INC	$6,667,000	+5.6%	271,003	+7.1%	3.12%	+3.1%
UNVR	Buy	UNIVAR SOLUTIONS INC	$6,296,000	+7.1%	300,358	+12.6%	2.94%	+4.5%
NXST	Sell	NEXSTAR MEDIA GROUP INC	$6,052,000	-11.6%	59,158	-12.7%	2.83%	-13.7%
CARB	New	CARBONITE INC	$6,007,000	–	387,799	–	2.81%	–
BC	Sell	BRUNSWICK CORP COM STK	$5,041,000	-62.2%	96,719	-66.7%	2.36%	-63.1%
WAIR	Buy	WSCO ARCRFT HLDS	$4,858,000	+19.9%	440,696	+20.8%	2.27%	+17.0%
EVRI	Sell	EVERI HOLDINGS INC	$4,560,000	-55.1%	539,016	-36.7%	2.13%	-56.2%
PFSW	Buy	PFSWEB INC COM STK	$3,347,000	-36.3%	1,344,052	+3.6%	1.56%	-37.8%
TPC	New	TUTOR PERINI CORP COM STK	$3,163,000	–	220,710	–	1.48%	–
REVG	Sell	REV GROUP INC	$3,156,000	-26.8%	261,437	-12.6%	1.48%	-28.6%
LOV	New	SPARK NETWORKS SE-ADR	$2,697,000	–	487,704	–	1.26%	–
WH	Buy	WYNDHAM HOTELS & RESORTS INC	$2,650,000	+23.4%	51,221	+32.9%	1.24%	+20.5%
VRNT	New	VERINT SYS INC COM STK	$2,567,000	–	60,000	–	1.20%	–
PBPB	Sell	POTBELLY CORP	$1,881,000	-13.0%	418,808	-1.5%	0.88%	-15.2%
ERI	Buy	ELDORADO RESORTS LLC	$1,395,000	+51.5%	35,000	+75.0%	0.65%	+47.8%
INWK	Sell	INNERWORKINGS INC	$963,000	-74.5%	217,339	-78.0%	0.45%	-75.1%
MGM	Sell	MGM RESORT INTL COM STK	$840,000	-86.9%	29,389	-86.9%	0.39%	-87.2%
SIC	New	SELECT INTERIOR CONCEPTS-A	$757,000	–	58,351	–	0.35%	–
RBBN	Sell	RIBBON COMMUNICATIONS INC	$684,000	-68.2%	130,088	-70.4%	0.32%	-68.9%
LKQ	Sell	LKQ CORP COM STK	$330,000	-59.4%	10,498	-65.6%	0.15%	-60.4%
ON	Buy	ON SEMICONDUCTOR CORP / SEMIC COM STK	$288,000	+15.7%	14,871	+20.9%	0.14%	+13.4%
ATTO	Buy	ATENTO S A	$178,000	+29.0%	65,189	+18.0%	0.08%	+25.8%
MG	Sell	MISTRAS GROUP INC	$171,000	-82.4%	11,894	-82.5%	0.08%	-82.8%
STAY	Sell	EXTENDED STAY AM	$146,000	-96.4%	9,981	-95.9%	0.07%	-96.5%
J	Sell	JACOBS ENGR GROUP INC COM STK	$143,000	-79.1%	1,697	-79.0%	0.07%	-79.5%
RLH	New	RED LION HOTELS CORP COM STK	$90,000	–	13,905	–	0.04%	–
SCHL	Sell	SCHOLASTIC CORP COM STK	$82,000	-82.3%	2,479	-82.2%	0.04%	-82.8%
HBI	Buy	HANESBRANDS	$79,000	+6.8%	5,038	+17.2%	0.04%	+5.7%
BBBY	Sell	BED BATH BEYOND INC COM STK	$67,000	-82.2%	5,789	-82.1%	0.03%	-82.8%
KMDA	Sell	KAMADA LTD COM STK	$55,000	-71.8%	10,253	-71.0%	0.03%	-72.0%
AMBR	Sell	AMBER ROAD INC EAST RUTHERFOR COM STK	$14,000	-84.1%	1,044	-84.5%	0.01%	-83.3%
LNDC	Exit	LANDEC CORP DELAWARE COM STK	$0	–	-40,000	–	-0.18%	–
DY	Exit	DYCOM INDUSTRIES INC COM STK	$0	–	-14,324	–	-0.40%	–
TISI	Exit	TEAM INC COM STK	$0	–	-62,862	–	-0.46%	–
BCOV	Exit	BRIGHTCOVE INC	$0	–	-114,294	–	-0.56%	–
CLS	Exit	CELESTICA INC CAD SUB VTG SHS	$0	–	-325,708	–	-1.06%	–
KAR	Exit	KAR AUCTION SVCS INC COM STK	$0	–	-337,262	–	-4.04%	–

Q2 2019

			Value		Shares		↓ Weighting
RMR	New	RMR GROUP INC/THE - A	$34,295,000	–	730,000	–	16.42%	–
ACM	New	AECOM	$22,935,000	–	605,949	–	10.98%	–
HIL	New	HILL INTERNATIONAL INC	$14,999,000	–	5,555,256	–	7.18%	–
DELL	New	DELL TECHNOLOGIES -C	$14,795,000	–	291,242	–	7.08%	–
BC	New	BRUNSWICK CORP COM STK	$13,343,000	–	290,757	–	6.39%	–
REPH	New	RECRO PHARMA INC	$11,233,000	–	1,104,546	–	5.38%	–
EVRI	New	EVERI HOLDINGS INC	$10,151,000	–	850,918	–	4.86%	–
KAR	New	KAR AUCTION SVCS INC COM STK	$8,432,000	–	337,262	–	4.04%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$6,844,000	–	67,767	–	3.28%	–
MGM	New	MGM RESORT INTL COM STK	$6,423,000	–	224,800	–	3.08%	–
KBR	New	KBR INC	$6,314,000	–	253,148	–	3.02%	–
UNVR	New	UNIVAR INC	$5,877,000	–	266,652	–	2.81%	–
PFSW	New	PFSWEB INC COM STK	$5,253,000	–	1,297,123	–	2.52%	–
REVG	New	REV GROUP INC	$4,313,000	–	299,292	–	2.06%	–
KKR	New	KKR & CO INC	$4,296,000	–	170,000	–	2.06%	–
STAY	New	EXTENDED STAY AM	$4,102,000	–	242,846	–	1.96%	–
WAIR	New	WSCO ARCRFT HLDS	$4,051,000	–	364,915	–	1.94%	–
BLBD	New	BLUE BIRD CORP COM STK	$3,834,000	–	194,700	–	1.84%	–
INWK	New	INNERWORKINGS INC	$3,777,000	–	988,864	–	1.81%	–
HBIO	New	HARVARD BIOSCIENCE INC COM STK	$3,736,000	–	1,868,048	–	1.79%	–
CLS	New	CELESTICA INC CAD SUB VTG SHS	$2,225,000	–	325,708	–	1.06%	–
PBPB	New	POTBELLY CORP	$2,163,000	–	425,020	–	1.04%	–
RBBN	New	RIBBON COMMUNICATIONS INC	$2,149,000	–	439,516	–	1.03%	–
WH	New	WYNDHAM HOTELS & RESORTS INC	$2,148,000	–	38,536	–	1.03%	–
BCOV	New	BRIGHTCOVE INC	$1,181,000	–	114,294	–	0.56%	–
GTN	New	GRAY TELEVISION INC COM STK	$1,154,000	–	70,400	–	0.55%	–
MG	New	MISTRAS GROUP INC	$974,000	–	67,804	–	0.47%	–
TISI	New	TEAM INC COM STK	$963,000	–	62,862	–	0.46%	–
ERI	New	ELDORADO RESORTS LLC	$921,000	–	20,000	–	0.44%	–
IAC	New	IAC / INTERACTIVECORP COM STK	$870,000	–	4,000	–	0.42%	–
DY	New	DYCOM INDUSTRIES INC COM STK	$843,000	–	14,324	–	0.40%	–
LKQ	New	LKQ CORP COM STK	$812,000	–	30,498	–	0.39%	–
J	New	JACOBS ENGR GROUP INC COM STK	$684,000	–	8,100	–	0.33%	–
SCHL	New	SCHOLASTIC CORP COM STK	$462,000	–	13,893	–	0.22%	–
BBBY	New	BED BATH BEYOND INC COM STK	$376,000	–	32,332	–	0.18%	–
LNDC	New	LANDEC CORP DELAWARE COM STK	$375,000	–	40,000	–	0.18%	–
ON	New	ON SEMICONDUCTOR CORP / SEMIC COM STK	$249,000	–	12,300	–	0.12%	–
SWIR	New	SIERRA WIRELESS INC	$222,000	–	18,337	–	0.11%	–
KMDA	New	KAMADA LTD COM STK	$195,000	–	35,350	–	0.09%	–
PLCE	New	CHILDREN'S PLACE INCCOM STK	$178,000	–	1,864	–	0.08%	–
AZZ	New	AZZ INC COM STK	$171,000	–	3,705	–	0.08%	–
ATTO	New	ATENTO S A	$138,000	–	55,244	–	0.07%	–
PWR	New	QUANTA SVCS INC COM STK	$115,000	–	3,017	–	0.06%	–
AMBR	New	AMBER ROAD INC EAST RUTHERFOR COM STK	$88,000	–	6,724	–	0.04%	–
HBI	New	HANESBRANDS	$74,000	–	4,300	–	0.04%	–
NLS	New	NAUTILUS INC COM STK	$71,000	–	31,944	–	0.03%	–
FLEX	New	FLEX LTD COM STK	$58,000	–	6,095	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
RLGY	Exit	REALOGY HOLDINGS	$0	–	-300	–	-0.01%	–
TRIB	Exit	TRINITY BIOTECH PLC ADR	$0	–	-4,295	–	-0.02%	–
SRCL	Exit	STERICYCLE INC COM STK	$0	–	-1,000	–	-0.06%	–
KLXI	Exit	KLX INC	$0	–	-1,000	–	-0.06%	–
KLXE	Exit	KLX ENERGY SERVICES HOLDINGS INC	$0	–	-2,353	–	-0.07%	–
HBI	Exit	HANESBRANDS	$0	–	-4,300	–	-0.07%	–
LDL	Exit	LYDALL INC COM STK	$0	–	-2,000	–	-0.08%	–
ATUS	Exit	ALTICE USA INC. - A	$0	–	-5,000	–	-0.09%	–
TISI	Exit	TEAM INC COM STK	$0	–	-4,605	–	-0.10%	–
STAY	Exit	EXTENDED STAY AM	$0	–	-8,000	–	-0.15%	–
ADNT	Exit	ADIENT PLC	$0	–	-4,235	–	-0.16%	–
LOCO	Exit	EL POLLO LOCO HOLDINGS INC	$0	–	-13,300	–	-0.16%	–
AZZ	Exit	AZZ INC COM STK	$0	–	-3,705	–	-0.18%	–
ATTO	Exit	ATENTO S A	$0	–	-25,103	–	-0.18%	–
OTEX	Exit	OPEN TEXT CORP COM	$0	–	-5,000	–	-0.18%	–
BLBD	Exit	BLUE BIRD CORP COM STK	$0	–	-8,852	–	-0.20%	–
EVRI	Exit	EVERI HOLDINGS INC	$0	–	-24,000	–	-0.21%	–
ON	Exit	ON SEMICONDUCTOR CORP / SEMIC COM STK	$0	–	-12,300	–	-0.21%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INC CL A	$0	–	-8,770	–	-0.23%	–
CPLG	Exit	COREPOINT LODGING INC	$0	–	-15,150	–	-0.28%	–
FUL	Exit	FULLER H B CO COM STK	$0	–	-6,000	–	-0.29%	–
THS	Exit	TREEHOUSE FOODS INC COM STK	$0	–	-8,600	–	-0.39%	–
NLS	Exit	NAUTILUS INC COM STK	$0	–	-31,944	–	-0.42%	–
SVU	Exit	SUPERVALUE INC USD COM	$0	–	-14,100	–	-0.43%	–
AVID	Exit	AVID TECHNOLOGY INC COM STK	$0	–	-94,004	–	-0.52%	–
J	Exit	JACOBS ENGR GROUP INC COM STK	$0	–	-8,100	–	-0.58%	–
BXC	Exit	BLUELINX HOLDINGS INC ATLANTA COM STK	$0	–	-20,800	–	-0.62%	–
AMCX	Exit	AMC NETWORK CL A	$0	–	-11,000	–	-0.69%	–
BCOV	Exit	BRIGHTCOVE INC	$0	–	-150,756	–	-1.19%	–
GTN	Exit	GRAY TELEVISION INC COM STK	$0	–	-90,400	–	-1.49%	–
FCEA	Exit	FOREST CITY ENTERPRISES INC C CL A	$0	–	-65,707	–	-1.55%	–
CNDT	Exit	CONDUENT INC	$0	–	-75,000	–	-1.59%	–
ACM	Exit	AECOM	$0	–	-60,000	–	-1.84%	–
RBBN	Exit	RIBBON COMMUNICATIONS INC	$0	–	-455,338	–	-2.93%	–
REPH	Exit	RECRO PHARMA INC	$0	–	-473,484	–	-3.17%	–
SRT	Exit	STARTEK INC COM STK	$0	–	-530,046	–	-3.30%	–
MG	Exit	MISTRAS GROUP INC	$0	–	-170,202	–	-3.47%	–
WH	Exit	WYNDHAM HOTELS & RESORTS INC	$0	–	-70,000	–	-3.66%	–
REVG	Exit	REV GROUP INC	$0	–	-259,177	–	-3.83%	–
CLS	Exit	CELESTICA INC CAD SUB VTG SHS	$0	–	-437,000	–	-4.45%	–
NXEO	Exit	NEXEO SOLUTIONS, INC. COMMON STOCK BUSIN	$0	–	-390,955	–	-4.50%	–
AABA	Exit	ALTABA INC	$0	–	-71,757	–	-4.60%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES NV COM	$0	–	-331,300	–	-5.46%	–
SFLY	Exit	SHUTTERFLY INC COM STK	$0	–	-89,375	–	-5.54%	–
FLEX	Exit	FLEX LTD COM STK	$0	–	-460,000	–	-5.68%	–
TECD	Exit	TECH DATA CORP COM STK	$0	–	-120,299	–	-8.10%	–
PFSW	Exit	PFSWEB INC COM STK	$0	–	-1,169,727	–	-8.14%	–
INWK	Exit	INNERWORKINGS INC	$0	–	-1,189,079	–	-8.86%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-131,049	–	-10.04%	–

Q3 2018

			Value		Shares		↓ Weighting
NXST	Buy	NEXSTAR MEDIA GROUP INC	$10,667,000	+25.4%	131,049	+13.1%	10.04%	+72.4%
INWK	Buy	INNERWORKINGS INC	$9,418,000	+10.5%	1,189,079	+21.3%	8.86%	+52.0%
PFSW	Buy	PFSWEB INC COM STK	$8,656,000	-6.8%	1,169,727	+22.4%	8.14%	+28.1%
TECD	Buy	TECH DATA CORP COM STK	$8,610,000	+369.7%	120,299	+438.9%	8.10%	+545.9%
SFLY	New	SHUTTERFLY INC COM STK	$5,889,000	–	89,375	–	5.54%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES NV COM	$5,801,000	–	331,300	–	5.46%	–
NXEO	Buy	NEXEO SOLUTIONS, INC. COMMON STOCK BUSIN	$4,789,000	+73.8%	390,955	+29.5%	4.50%	+138.9%
CLS	Buy	CELESTICA INC CAD SUB VTG SHS	$4,733,000	+0.6%	437,000	+10.3%	4.45%	+38.3%
REVG	Buy	REV GROUP INC	$4,069,000	+364.5%	259,177	+403.3%	3.83%	+539.1%
WH	Sell	WYNDHAM HOTELS & RESORTS INC	$3,890,000	-26.5%	70,000	-22.2%	3.66%	+1.0%
MG	Sell	MISTRAS GROUP INC	$3,688,000	-18.2%	170,202	-28.7%	3.47%	+12.6%
SRT	Sell	STARTEK INC COM STK	$3,509,000	+4.3%	530,046	-0.9%	3.30%	+43.4%
REPH	Buy	RECRO PHARMA INC	$3,366,000	+71.4%	473,484	+21.0%	3.17%	+135.6%
RBBN	Sell	RIBBON COMMUNICATIONS INC	$3,110,000	-16.3%	455,338	-12.8%	2.93%	+15.1%
ACM	New	AECOM	$1,960,000	–	60,000	–	1.84%	–
FCEA	Sell	FOREST CITY ENTERPRISES INC C CL A	$1,649,000	-67.1%	65,707	-70.1%	1.55%	-54.8%
GTN	Buy	GRAY TELEVISION INC COM STK	$1,582,000	+11.3%	90,400	+0.4%	1.49%	+52.9%
BCOV	Sell	BRIGHTCOVE INC	$1,266,000	-22.3%	150,756	-10.7%	1.19%	+6.8%
AVID	Sell	AVID TECHNOLOGY INC COM STK	$557,000	-70.7%	94,004	-74.3%	0.52%	-59.7%
SBGI	Sell	SINCLAIR BROADCAST GROUP INC CL A	$249,000	-73.1%	8,770	-69.5%	0.23%	-63.0%
EVRI	New	EVERI HOLDINGS INC	$220,000	–	24,000	–	0.21%	–
BLBD	Sell	BLUE BIRD CORP COM STK	$217,000	-73.9%	8,852	-76.2%	0.20%	-64.2%
OTEX	Sell	OPEN TEXT CORP COM	$190,000	-91.0%	5,000	-91.7%	0.18%	-87.6%
AZZ	Sell	AZZ INC COM STK	$187,000	-30.5%	3,705	-40.2%	0.18%	-4.3%
ADNT	Sell	ADIENT PLC	$166,000	-99.0%	4,235	-98.7%	0.16%	-98.6%
KLXE	New	KLX ENERGY SERVICES HOLDINGS INC	$75,000	–	2,353	–	0.07%	–
RLGY	Sell	REALOGY HOLDINGS	$6,000	-76.0%	300	-73.0%	0.01%	-64.7%
DFIN	Exit	DONNELLEY FINCL	$0	–	-4,556	–	-0.05%	–
KBR	Exit	KBR INC	$0	–	-16,642	–	-0.20%	–
JMBA	Exit	JAMBA INC COM STK	$0	–	-100,000	–	-0.73%	–
SYMC	Exit	SYMANTEC CORP COM STK	$0	–	-63,762	–	-0.90%	–
LXFR	Exit	LUXFER HOLDINGS PLC COM STK	$0	–	-102,706	–	-1.23%	–
ITRI	Exit	ITRON INC COM STK	$0	–	-33,902	–	-1.39%	–
SWIR	Exit	SIERRA WIRELESS INC	$0	–	-328,703	–	-3.60%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-5,179,891	–	-20.91%	–

Q2 2018

			Value		Shares		↓ Weighting
HIL	New	HILL INTERNATIONAL INC	$30,561,000	–	5,179,891	–	20.91%	–
ADNT	New	ADIENT PLC	$15,927,000	–	323,777	–	10.90%	–
PFSW	New	PFSWEB INC COM STK	$9,287,000	–	955,449	–	6.36%	–
INWK	New	INNERWORKINGS INC	$8,520,000	–	980,391	–	5.83%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$8,508,000	–	115,917	–	5.82%	–
FLEX	New	FLEX LTD COM STK	$6,491,000	–	460,000	–	4.44%	–
WH	New	WYNDHAM HOTELS & RESORTS INC	$5,295,000	–	90,000	–	3.62%	–
SWIR	New	SIERRA WIRELESS INC	$5,259,000	–	328,703	–	3.60%	–
AABA	New	ALTABA INC	$5,253,000	–	71,757	–	3.59%	–
FCEA	New	FOREST CITY ENTERPRISES INC C CL A	$5,018,000	–	220,000	–	3.43%	–
CLS	New	CELESTICA INC CAD SUB VTG SHS	$4,704,000	–	396,300	–	3.22%	–
MG	New	MISTRAS GROUP INC	$4,506,000	–	238,661	–	3.08%	–
RBBN	New	RIBBON COMMUNICATIONS INC	$3,716,000	–	521,894	–	2.54%	–
SRT	New	STARTEK INC COM STK	$3,364,000	–	534,871	–	2.30%	–
NXEO	New	NEXEO SOLUTIONS, INC. COMMON STOCK BUSIN	$2,756,000	–	301,855	–	1.89%	–
OTEX	New	OPEN TEXT CORP COM	$2,111,000	–	60,000	–	1.44%	–
ITRI	New	ITRON INC COM STK	$2,036,000	–	33,902	–	1.39%	–
REPH	New	RECRO PHARMA INC	$1,964,000	–	391,307	–	1.34%	–
AVID	New	AVID TECHNOLOGY INC COM STK	$1,902,000	–	365,763	–	1.30%	–
TECD	New	TECH DATA CORP COM STK	$1,833,000	–	22,321	–	1.25%	–
LXFR	New	LUXFER HOLDINGS PLC COM STK	$1,795,000	–	102,706	–	1.23%	–
BCOV	New	BRIGHTCOVE INC	$1,629,000	–	168,816	–	1.12%	–
GTN	New	GRAY TELEVISION INC COM STK	$1,422,000	–	90,000	–	0.97%	–
CNDT	New	CONDUENT INC	$1,363,000	–	75,000	–	0.93%	–
SYMC	New	SYMANTEC CORP COM STK	$1,317,000	–	63,762	–	0.90%	–
JMBA	New	JAMBA INC COM STK	$1,065,000	–	100,000	–	0.73%	–
SBGI	New	SINCLAIR BROADCAST GROUP INC CL A	$925,000	–	28,770	–	0.63%	–
REVG	New	REV GROUP INC	$876,000	–	51,500	–	0.60%	–
BLBD	New	BLUE BIRD CORP COM STK	$833,000	–	37,261	–	0.57%	–
BXC	New	BLUELINX HOLDINGS INC ATLANTA COM STK	$781,000	–	20,800	–	0.53%	–
AMCX	New	AMC NETWORK CL A	$684,000	–	11,000	–	0.47%	–
J	New	JACOBS ENGR GROUP INC COM STK	$514,000	–	8,100	–	0.35%	–
NLS	New	NAUTILUS INC COM STK	$502,000	–	31,944	–	0.34%	–
THS	New	TREEHOUSE FOODS INC COM STK	$452,000	–	8,600	–	0.31%	–
CPLG	New	COREPOINT LODGING INC	$392,000	–	15,150	–	0.27%	–
FUL	New	FULLER H B CO COM STK	$322,000	–	6,000	–	0.22%	–
KBR	New	KBR INC	$298,000	–	16,642	–	0.20%	–
SVU	New	SUPERVALUE INC USD COM	$289,000	–	14,100	–	0.20%	–
ON	New	ON SEMICONDUCTOR CORP / SEMIC COM STK	$273,000	–	12,300	–	0.19%	–
AZZ	New	AZZ INC COM STK	$269,000	–	6,200	–	0.18%	–
ATTO	New	ATENTO S A	$172,000	–	25,103	–	0.12%	–
STAY	New	EXTENDED STAY AM	$173,000	–	8,000	–	0.12%	–
LOCO	New	EL POLLO LOCO HOLDINGS INC	$152,000	–	13,300	–	0.10%	–
TISI	New	TEAM INC COM STK	$106,000	–	4,605	–	0.07%	–
HBI	New	HANESBRANDS	$95,000	–	4,300	–	0.06%	–
LDL	New	LYDALL INC COM STK	$87,000	–	2,000	–	0.06%	–
ATUS	New	ALTICE USA INC. - A	$85,000	–	5,000	–	0.06%	–
DFIN	New	DONNELLEY FINCL	$79,000	–	4,556	–	0.05%	–
KLXI	New	KLX INC	$72,000	–	1,000	–	0.05%	–
SRCL	New	STERICYCLE INC COM STK	$65,000	–	1,000	–	0.04%	–
RLGY	New	REALOGY HOLDINGS	$25,000	–	1,110	–	0.02%	–
TRIB	New	TRINITY BIOTECH PLC ADR	$21,000	–	4,295	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
IBKR	Exit	INTERACTIVE BROKERS GROUP INC	$0	–	0	–	0.00%	–
KONAQ	Exit	KONA GRILL	$0	–	-10,000	–	-0.03%	–
TAST	Exit	CARROLS HOLDINGS CORP	$0	–	-8,650	–	-0.07%	–
HBI	Exit	HANESBRANDS	$0	–	-4,300	–	-0.08%	–
JMBA	Exit	JAMBA INC COM STK	$0	–	-15,922	–	-0.11%	–
LOCO	Exit	EL POLLO LOCO HOLDINGS INC	$0	–	-23,400	–	-0.22%	–
JLL	Exit	JONES LANG LASALLE INC COM STK	$0	–	-2,504	–	-0.24%	–
CASY	Exit	CASEYS GEN STORES INC COM STK	$0	–	-2,930	–	-0.25%	–
LUMN	Exit	CENTURYLINK INC COM STK	$0	–	-20,000	–	-0.29%	–
PHIKQ	Exit	PHI NON VTNG	$0	–	-34,498	–	-0.31%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-10,940	–	-0.43%	–
HSII	Exit	HEIDRICK & STRUGGLES INTL INC COM STK	$0	–	-31,700	–	-0.51%	–
NXEO	Exit	NEXEO SOLUTIONS, INC. COMMON STOCK BUSIN	$0	–	-114,790	–	-0.64%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INC CL A	$0	–	-28,770	–	-0.71%	–
CNDT	Exit	CONDUENT INC	$0	–	-75,000	–	-0.90%	–
TECD	Exit	TECH DATA CORP COM STK	$0	–	-15,300	–	-1.04%	–
SONS	Exit	PFD SONUS NETWORK INC COM ST	$0	–	-262,194	–	-1.54%	–
CBS	Exit	CBS CORP NEW CL B COM STK	$0	–	-45,000	–	-2.00%	–
BLBD	Exit	BLUE BIRD CORP COM STK	$0	–	-224,126	–	-3.53%	–
AABA	Exit	ALTABA INC	$0	–	-71,757	–	-3.64%	–
TISI	Exit	TEAM INC COM STK	$0	–	-429,745	–	-4.39%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC	$0	–	-99,505	–	-4.75%	–
SRT	Exit	STARTEK INC COM STK	$0	–	-569,903	–	-5.13%	–
MG	Exit	MISTRAS GROUP INC	$0	–	-381,008	–	-5.98%	–
TIER	Exit	TIER REIT INC DALLAS TX COM REIT	$0	–	-422,687	–	-6.25%	–
PFSW	Exit	PFSWEB INC COM STK	$0	–	-1,018,326	–	-6.51%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-2,588,658	–	-9.41%	–
KBR	Exit	KBR INC	$0	–	-1,149,672	–	-15.74%	–
ADNT	Exit	ADIENT PLC	$0	–	-393,930	–	-25.33%	–

Q3 2017

			Value		Shares		↓ Weighting
ADNT	Buy	ADIENT PLC	$33,086,000	+32.9%	393,930	+3.4%	25.33%	-0.2%
KBR	Buy	KBR INC	$20,556,000	+246.8%	1,149,672	+195.2%	15.74%	+160.4%
HIL	Buy	HILL INTERNATIONAL INC	$12,296,000	+6.6%	2,588,658	+16.7%	9.41%	-20.0%
PFSW	Buy	PFSWEB INC COM STK	$8,503,000	+12.8%	1,018,326	+11.6%	6.51%	-15.3%
TIER	Sell	TIER REIT INC DALLAS TX COM REIT	$8,159,000	-37.3%	422,687	-40.0%	6.25%	-52.9%
MG	Buy	MISTRAS GROUP INC	$7,811,000	+14.4%	381,008	+22.6%	5.98%	-14.1%
NXST	Buy	NEXSTAR MEDIA GROUP INC	$6,199,000	+63.0%	99,505	+56.5%	4.75%	+22.4%
TISI	Buy	TEAM INC COM STK	$5,737,000	+25977.3%	429,745	+44852.4%	4.39%	+19863.6%
CBS	New	CBS CORP NEW CL B COM STK	$2,610,000	–	45,000	–	2.00%	–
TECD	New	TECH DATA CORP COM STK	$1,359,000	–	15,300	–	1.04%	–
CNDT	Buy	CONDUENT INC	$1,175,000	+34.0%	75,000	+36.4%	0.90%	+0.6%
SBGI	New	SINCLAIR BROADCAST GROUP INC CL A	$922,000	–	28,770	–	0.71%	–
NXEO	New	NEXEO SOLUTIONS, INC. COMMON STOCK BUSIN	$838,000	–	114,790	–	0.64%	–
HSII	New	HEIDRICK & STRUGGLES INTL INC COM STK	$670,000	–	31,700	–	0.51%	–
RMR	Sell	RMR GROUP INC/THE - A	$562,000	-50.3%	10,940	-52.9%	0.43%	-62.7%
LUMN	Buy	CENTURYLINK INC COM STK	$378,000	+58.2%	20,000	+100.0%	0.29%	+18.4%
CASY	Buy	CASEYS GEN STORES INC COM STK	$321,000	+50.0%	2,930	+46.5%	0.25%	+12.8%
JLL	Sell	JONES LANG LASALLE INC COM STK	$309,000	-83.9%	2,504	-83.7%	0.24%	-87.9%
LOCO	Buy	EL POLLO LOCO HOLDINGS INC	$284,000	+2.5%	23,400	+17.0%	0.22%	-23.0%
HBI	New	HANESBRANDS	$106,000	–	4,300	–	0.08%	–
TAST	New	CARROLS HOLDINGS CORP	$94,000	–	8,650	–	0.07%	–
KONAQ	Sell	KONA GRILL	$38,000	-65.8%	10,000	-66.7%	0.03%	-74.3%
IBKR	Sell	INTERACTIVE BROKERS GROUP INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
SPA	Exit	SPARTON CORP	$0	–	-6,517	–	-0.15%	–
PBPB	Exit	POTBELLY CORP	$0	–	-13,400	–	-0.16%	–
CARS	Exit	CARS.COM INC	$0	–	-9,000	–	-0.24%	–
FRGI	Exit	FIESTA RSTRN GRP	$0	–	-14,484	–	-0.30%	–
MTRX	Exit	MATRIX SERVICE CO	$0	–	-143,190	–	-1.36%	–

Q2 2017

			Value		Shares		↓ Weighting
ADNT	New	ADIENT PLC	$24,899,000	–	380,834	–	25.38%	–
TIER	New	TIER REIT INC	$13,015,000	–	704,278	–	13.27%	–
HIL	New	HILL INTERNATIONAL INC	$11,536,000	–	2,218,433	–	11.76%	–
PFSW	New	PFSWEB INC	$7,539,000	–	912,690	–	7.68%	–
SRT	New	STARTEK INC	$6,976,000	–	569,903	–	7.11%	–
MG	New	MISTRAS GROUP INC	$6,828,000	–	310,790	–	6.96%	–
KBR	New	KBR INC	$5,928,000	–	389,488	–	6.04%	–
AABA	New	ALTABA INC	$3,909,000	–	71,757	–	3.98%	–
BLBD	New	BLUE BIRD CORP	$3,810,000	–	224,126	–	3.88%	–
NXST	New	NEXSTAR MEDIA GROUP INC	$3,803,000	–	63,593	–	3.88%	–
SONS	New	PFD SONUS NETWORK INC	$1,951,000	–	262,194	–	1.99%	–
JLL	New	JONES LANG LASALLE INC	$1,925,000	–	15,400	–	1.96%	–
MTRX	New	MATRIX SERVICE CO	$1,339,000	–	143,190	–	1.36%	–
RMR	New	RMR GROUP INC	$1,130,000	–	23,221	–	1.15%	–
CNDT	New	CONDUENT INC	$877,000	–	55,000	–	0.89%	–
IBKR	New	INTERACTIVE BROKERS GROUP INC	$474,000	–	12,660	–	0.48%	–
PHIKQ	New	PHI NON VTNG	$337,000	–	34,498	–	0.34%	–
FRGI	New	FIESTA RSTRN GRP	$299,000	–	14,484	–	0.30%	–
LOCO	New	EL POLLO LOCO HOLDINGS INC	$277,000	–	20,000	–	0.28%	–
CARS	New	CARS.COM INC	$240,000	–	9,000	–	0.24%	–
LUMN	New	CENTURYLINK INC	$239,000	–	10,000	–	0.24%	–
CASY	New	CASEYS GEN STORES INC	$214,000	–	2,000	–	0.22%	–
PBPB	New	POTBELLY CORP	$154,000	–	13,400	–	0.16%	–
SPA	New	SPARTON CORP	$143,000	–	6,517	–	0.15%	–
JMBA	New	JAMBA INC	$124,000	–	15,922	–	0.13%	–
KONAQ	New	KONA GRILL	$111,000	–	30,000	–	0.11%	–
TISI	New	TEAM INC	$22,000	–	956	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
TEN	Exit	TENNECO INC	$0	–	-1	–	0.00%	–
MUSA	Exit	MURPHY USA INC.	$0	–	-57	–	-0.00%	–
CARB	Exit	CARBONITE INC	$0	–	-375	–	-0.01%	–
DXPE	Exit	DXP ENTERPRISES INC	$0	–	-236	–	-0.01%	–
FOE	Exit	FERRO CORP	$0	–	-865	–	-0.01%	–
AHH	Exit	ARMADA HFLR	$0	–	-1,022	–	-0.01%	–
CBPX	Exit	CNTNTL BLD PRDT	$0	–	-732	–	-0.01%	–
PHIIQ	Exit	PHI INC	$0	–	-1,269	–	-0.02%	–
JASN	Exit	QUINPARIO ACQUISITION CORP ST	$0	–	-33,805	–	-0.07%	–
LPSN	Exit	LIVEPERSON INC	$0	–	-9,700	–	-0.08%	–
CLNY	Exit	COLONY CAPITAL INC	$0	–	-10,000	–	-0.17%	–
SHOR	Exit	SHORETEL INC	$0	–	-26,377	–	-0.19%	–
SKX	Exit	SKECHERS U S A INC	$0	–	-10,000	–	-0.21%	–
TTGT	Exit	TECHTARGET	$0	–	-39,114	–	-0.29%	–
M	Exit	MACYS INC	$0	–	-12,540	–	-0.43%	–
H	Exit	HYATT HOTELS CORP	$0	–	-10,000	–	-0.45%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP INC	$0	–	-14,000	–	-0.46%	–
ACW	Exit	ACCURIDE CORP NEW	$0	–	-200,000	–	-0.47%	–
PERY	Exit	ELLIS PERRY INTL INC	$0	–	-29,107	–	-0.52%	–
PHIKQ	Exit	PHI NON VTNG	$0	–	-35,398	–	-0.59%	–
VPG	Exit	VISHAY PRECISION GROUP INC	$0	–	-41,446	–	-0.61%	–
BLBD	Exit	BLUE BIRD CORP	$0	–	-89,281	–	-1.20%	–
ASNA	Exit	ASCENA RETAIL GROUP INC	$0	–	-249,566	–	-1.28%	–
CST	Exit	CST BRANDS INC	$0	–	-30,233	–	-1.34%	–
JMBA	Exit	JAMBA INC	$0	–	-144,262	–	-1.45%	–
NXST	Exit	NEXSTAR BROADCASTING GROUP INC	$0	–	-27,593	–	-1.47%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-15,400	–	-1.61%	–
HIL	Exit	HILL INTERNATIONAL INC	$0	–	-388,783	–	-1.65%	–
BW	Exit	BBCK&WLCX ENTR	$0	–	-111,090	–	-1.69%	–
YHOO	Exit	YAHOO INC	$0	–	-46,757	–	-1.86%	–
NSAM	Exit	NORTHSTAR AT MGT	$0	–	-158,100	–	-1.88%	–
CABO	Exit	CABLE ONE	$0	–	-3,654	–	-1.97%	–
AVID	Exit	AVID TECHNOLOGY INC	$0	–	-272,305	–	-1.99%	–
OA	Exit	ORBITAL ATK INC	$0	–	-42,585	–	-2.99%	–
SPA	Exit	SPARTON CORP	$0	–	-148,882	–	-3.60%	–
DFRG	Exit	DEL FRISCO S RESTARUANT GROUP	$0	–	-294,277	–	-3.65%	–
PFSW	Exit	PFSWEB INC	$0	–	-490,578	–	-4.04%	–
SRT	Exit	STARTEK INC	$0	–	-1,064,872	–	-6.10%	–
STC	Exit	STEWART INFORMATION SVCS CORP	$0	–	-157,046	–	-6.43%	–
RMR	Exit	RMR GROUP INC/THE	$0	–	-266,868	–	-9.33%	–
TISI	Exit	TEAM INC	$0	–	-326,429	–	-9.84%	–
TIER	Exit	TIER REIT INC DALLAS TX	$0	–	-969,977	–	-13.80%	–
IQNT	Exit	INTELIQUENT INC	$0	–	-1,091,729	–	-16.23%	–

Q3 2016

			Value		Shares		↓ Weighting
IQNT	New	INTELIQUENT INC	$17,621,000	–	1,091,729	–	16.23%	–
TIER	Buy	TIER REIT INC DALLAS TX	$14,976,000	+9.0%	969,977	+8.3%	13.80%	-15.6%
TISI	New	TEAM INC	$10,677,000	–	326,429	–	9.84%	–
RMR	Buy	RMR GROUP INC/THE	$10,125,000	+28.9%	266,868	+5.2%	9.33%	-0.2%
PFSW	Buy	PFSWEB INC	$4,381,000	+759.0%	490,578	+814.7%	4.04%	+564.7%
DFRG	New	DEL FRISCO S RESTARUANT GROUP	$3,964,000	–	294,277	–	3.65%	–
SPA	Sell	SPARTON CORP	$3,910,000	-51.4%	148,882	-59.7%	3.60%	-62.4%
OA	Buy	ORBITAL ATK INC	$3,246,000	+68.8%	42,585	+88.6%	2.99%	+30.7%
AVID	Sell	AVID TECHNOLOGY INC	$2,162,000	-49.3%	272,305	-62.9%	1.99%	-60.8%
NSAM	Buy	NORTHSTAR AT MGT	$2,044,000	+233.4%	158,100	+163.5%	1.88%	+158.3%
BW	Buy	BBCK&WLCX ENTR	$1,833,000	+123.3%	111,090	+98.8%	1.69%	+72.8%
HIL	Sell	HILL INTERNATIONAL INC	$1,792,000	-2.7%	388,783	-14.0%	1.65%	-24.6%
JLL	Buy	JONES LANG LASALLE INC	$1,752,000	+233.1%	15,400	+185.2%	1.61%	+157.8%
NXST	Buy	NEXSTAR BROADCASTING GROUP INC	$1,592,000	+189.5%	27,593	+138.7%	1.47%	+124.2%
CST	Sell	CST BRANDS INC	$1,454,000	-88.6%	30,233	-89.8%	1.34%	-91.2%
ASNA	Buy	ASCENA RETAIL GROUP INC	$1,395,000	-13.1%	249,566	+8.7%	1.28%	-32.7%
BLBD	New	BLUE BIRD CORP	$1,304,000	–	89,281	–	1.20%	–
VPG	New	VISHAY PRECISION GROUP INC	$664,000	–	41,446	–	0.61%	–
PHIKQ	New	PHI NON VTNG	$643,000	–	35,398	–	0.59%	–
PERY	Sell	ELLIS PERRY INTL INC	$561,000	-28.7%	29,107	-25.6%	0.52%	-44.8%
ACW	New	ACCURIDE CORP NEW	$512,000	–	200,000	–	0.47%	–
IBKR	Buy	INTERACTIVE BROKERS GROUP INC	$494,000	+54.9%	14,000	+55.6%	0.46%	+19.7%
SKX	New	SKECHERS U S A INC	$229,000	–	10,000	–	0.21%	–
SHOR	New	SHORETEL INC	$211,000	–	26,377	–	0.19%	–
CLNY	New	COLONY CAPITAL INC	$182,000	–	10,000	–	0.17%	–
LPSN	Sell	LIVEPERSON INC	$82,000	-82.6%	9,700	-87.0%	0.08%	-86.4%
JASN	Sell	QUINPARIO ACQUISITION CORP ST	$75,000	-52.5%	33,805	-22.6%	0.07%	-63.3%
PHIIQ	New	PHI INC	$23,000	–	1,269	–	0.02%	–
FOE	Sell	FERRO CORP	$12,000	-99.2%	865	-99.2%	0.01%	-99.4%
CARB	Sell	CARBONITE INC	$6,000	-99.9%	375	-99.9%	0.01%	-99.9%
STRZA	Exit	STARZ SERIES A COM STK	$0	–	-3,757	–	-0.13%	–
MESG	Exit	XURA INC COM STK	$0	–	-5,800	–	-0.17%	–
ACM	Exit	AECOM	$0	–	-14,598	–	-0.55%	–
WLTW	Exit	WILLIS GROUP HOLDINGS PLC DUB COM STK	$0	–	-9,500	–	-1.40%	–

Q2 2016

			Value		Shares		↓ Weighting
TIER	New	TIER REIT INC DALLAS TX COM REIT	$13,736,000	–	896,010	–	16.34%	–
CST	New	CST BRANDS INC	$12,735,000	–	295,610	–	15.15%	–
SPA	New	SPARTON CORP COM STK	$8,052,000	–	369,878	–	9.58%	–
RMR	New	RMR GROUP INC/THE	$7,856,000	–	253,666	–	9.35%	–
STC	New	STEWART INFORMATION SVCS CORP COM STK	$6,503,000	–	157,046	–	7.74%	–
CARB	New	CARBONITE INC	$6,362,000	–	653,806	–	7.57%	–
SRT	New	STARTEK INC COM STK	$4,653,000	–	1,064,872	–	5.54%	–
AVID	New	AVID TECHNOLOGY INC COM STK	$4,268,000	–	734,533	–	5.08%	–
OA	New	ORBITAL ATK INC	$1,923,000	–	22,585	–	2.29%	–
CABO	New	CABLE ONE WI	$1,869,000	–	3,654	–	2.22%	–
HIL	New	HILL INTERNATIONAL INC	$1,841,000	–	452,217	–	2.19%	–
YHOO	New	YAHOO INC COM STK	$1,756,000	–	46,757	–	2.09%	–
ASNA	New	ASCENA RETAIL GROUP INC COM STK	$1,605,000	–	229,566	–	1.91%	–
JMBA	New	JAMBA INC COM STK	$1,484,000	–	144,262	–	1.77%	–
FOE	New	FERRO CORP COM STK	$1,480,000	–	110,593	–	1.76%	–
WLTW	New	WILLIS GROUP HOLDINGS PLC DUB COM STK	$1,181,000	–	9,500	–	1.40%	–
BW	New	BBCK&WLCX ENTRPR	$821,000	–	55,890	–	0.98%	–
PERY	New	ELLIS PERRY INTL INC COM STK	$787,000	–	39,107	–	0.94%	–
NSAM	New	NORTHSTAR AT MGT	$613,000	–	60,000	–	0.73%	–
NXST	New	NEXSTAR BROADCASTING GROUP INC	$550,000	–	11,558	–	0.65%	–
JLL	New	JONES LANG LASALLE INC COM STK	$526,000	–	5,400	–	0.63%	–
PFSW	New	PFSWEB INC COM STK	$510,000	–	53,633	–	0.61%	–
H	New	HYATT HOTELS CORP COM STK	$491,000	–	10,000	–	0.58%	–
LPSN	New	LIVEPERSON INC COM STK	$471,000	–	74,353	–	0.56%	–
ACM	New	AECOM	$464,000	–	14,598	–	0.55%	–
M	New	MACYS INC COM STK	$421,000	–	12,540	–	0.50%	–
IBKR	New	INTERACTIVE BROKERS GROUP INC	$319,000	–	9,000	–	0.38%	–
TTGT	New	TECHTARGET	$317,000	–	39,114	–	0.38%	–
JASN	New	QUINPARIO ACQUISITION CORP ST COM STK	$158,000	–	43,658	–	0.19%	–
MESG	New	XURA INC COM STK	$142,000	–	5,800	–	0.17%	–
STRZA	New	STARZ SERIES A COM STK	$112,000	–	3,757	–	0.13%	–
CBPX	New	CNTNTL BLD PRDT	$16,000	–	732	–	0.02%	–
AHH	New	ARMADA HFLR PR	$14,000	–	1,022	–	0.02%	–
DXPE	New	DXP ENTERPRISES INC COM STK	$4,000	–	236	–	0.01%	–
MUSA	New	MURPHY USA INC.	$4,000	–	57	–	0.01%	–
TEN	New	TENNECO INC COM STK	$0	–	1	–	0.00%	–

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Export Engine Capital Management, LP's holdings