Sapience Investments, LLC Activity Q4 2016-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
USFD	Sell	US FOODS HLDG CORP	$12,961,018	-12.2%	326,474	-2.7%	3.12%	-6.1%
THS	Buy	TREEHOUSE FOODS INC	$12,932,801	-4.9%	296,760	+10.0%	3.11%	+1.6%
WBS	Sell	WEBSTER FINL CORP	$11,563,165	+3.9%	286,856	-2.7%	2.78%	+11.1%
SIX	Sell	SIX FLAGS ENTMT CORP NEW	$11,218,478	-11.9%	477,179	-2.7%	2.70%	-5.9%
SRCL	Sell	STERICYCLE INC	$11,200,570	-5.6%	250,516	-1.9%	2.69%	+0.9%
LBRT	Sell	LIBERTY ENERGY INC	$10,408,407	+34.6%	562,009	-2.8%	2.50%	+43.8%
IDA	Sell	IDACORP INC	$10,100,995	-11.2%	107,859	-2.7%	2.43%	-5.1%
VRNS	Sell	VARONIS SYS INC	$10,076,093	+12.0%	329,931	-2.3%	2.42%	+19.7%
KEX	Sell	KIRBY CORP	$10,053,245	-4.7%	121,416	-11.4%	2.42%	+1.9%
VNOM	Sell	VIPER ENERGY PARTNERS LP	$9,703,829	+0.8%	348,057	-3.0%	2.33%	+7.8%
POST	Sell	POST HLDGS INC	$9,395,646	-3.7%	109,583	-2.7%	2.26%	+2.9%
IART	Buy	INTEGRA LIFESCIENCES HLDGS C	$9,383,283	+1.7%	245,700	+9.6%	2.26%	+8.7%
KAR	Buy	OPENLANE INC	$9,075,717	+9.0%	608,292	+11.2%	2.18%	+16.4%
NVST	Buy	ENVISTA HOLDINGS CORPORATION	$8,869,771	-2.4%	318,141	+18.4%	2.13%	+4.3%
NTB	Sell	BANK OF NT BUTTERFIELD&SON L	$8,632,075	-3.7%	318,762	-2.8%	2.08%	+2.8%
BIGC	Sell	BIGCOMMERCE HLDGS INC	$8,473,977	-3.6%	858,559	-2.9%	2.04%	+3.0%
	Sell	HEALTHCARE RLTY TR	$8,474,239	-21.1%	554,960	-2.6%	2.04%	-15.8%
OFC	Sell	COPT DEFENSE PROPERTIES	$8,240,676	-2.4%	345,811	-2.8%	1.98%	+4.3%
CHX	Sell	CHAMPIONX CORPORATION	$8,197,729	+11.5%	230,144	-2.9%	1.97%	+19.1%
DOC	Sell	PHYSICIANS RLTY TR	$7,882,005	-15.4%	646,596	-2.9%	1.90%	-9.6%
BPOP	Sell	POPULAR INC	$7,812,295	+1.3%	123,985	-2.7%	1.88%	+8.2%
WTFC	Sell	WINTRUST FINL CORP	$7,637,127	-15.1%	101,154	-18.3%	1.84%	-9.2%
ABCB	Sell	AMERIS BANCORP	$7,408,771	+9.1%	192,987	-2.8%	1.78%	+16.6%
ACHC	Sell	ACADIA HEALTHCARE COMPANY IN	$7,169,722	-14.2%	101,973	-2.8%	1.72%	-8.4%
EYE	Buy	NATIONAL VISION HLDGS INC	$7,128,083	-19.3%	440,549	+21.1%	1.71%	-13.8%
	Sell	ESAB CORPORATION	$7,127,822	+2.6%	101,507	-2.8%	1.71%	+9.5%
ESNT	Sell	ESSENT GROUP LTD	$7,058,884	-0.7%	149,268	-1.8%	1.70%	+6.1%
ARCO	Buy	ARCOS DORADOS HOLDINGS INC	$6,953,053	+50.9%	734,995	+63.5%	1.67%	+61.1%
NOG	New	NORTHERN OIL & GAS INC	$6,905,480	–	171,650	–	1.66%	–
NGVT	New	INGEVITY CORP	$6,748,003	–	141,735	–	1.62%	–
BANR	Sell	BANNER CORP	$6,748,083	-5.7%	159,228	-2.8%	1.62%	+0.7%
POR	Sell	PORTLAND GEN ELEC CO	$6,630,745	-16.1%	163,803	-3.0%	1.59%	-10.4%
	Sell	ZURN ELKAY WATER SOLNS CORP	$6,405,988	-14.1%	228,622	-17.6%	1.54%	-8.2%
DESP	Sell	DESPEGAR COM CORP	$6,295,095	-21.2%	868,289	-23.3%	1.51%	-15.8%
CRK	Sell	COMSTOCK RES INC	$6,169,476	-7.2%	559,336	-2.4%	1.48%	-0.9%
LILA	Sell	LIBERTY LATIN AMERICA LTD	$6,142,783	-9.2%	752,792	-2.7%	1.48%	-3.0%
AGO	Sell	ASSURED GUARANTY LTD	$6,123,716	+5.1%	101,185	-3.1%	1.47%	+12.4%
TEX	Sell	TEREX CORP NEW	$5,945,808	-6.4%	103,190	-2.8%	1.43%	0.0%
LECO	Sell	LINCOLN ELEC HLDGS INC	$5,905,266	-10.9%	32,484	-2.6%	1.42%	-4.8%
ENS	Sell	ENERSYS	$5,832,240	-15.4%	61,606	-3.0%	1.40%	-9.6%
	Sell	BELLRING BRANDS INC	$5,742,556	-7.2%	139,281	-17.6%	1.38%	-0.9%
ELAN	Sell	ELANCO ANIMAL HEALTH INC	$5,698,523	+8.8%	506,986	-2.6%	1.37%	+16.2%
CAKE	Sell	CHEESECAKE FACTORY INC	$5,617,105	-14.9%	185,383	-2.9%	1.35%	-9.1%
ROIC	Sell	RETAIL OPPORTUNITY INVTS COR	$5,388,531	-11.0%	435,261	-2.9%	1.30%	-4.9%
FHB	Sell	FIRST HAWAIIAN INC	$5,346,699	-2.6%	296,216	-2.8%	1.28%	+4.0%
NPO	Sell	ENPRO INDS INC	$5,258,555	-12.0%	43,391	-3.1%	1.26%	-6.0%
HWC	Sell	HANCOCK WHITNEY CORPORATION	$5,077,543	-6.1%	137,268	-2.6%	1.22%	+0.3%
ATI	Sell	ATI INC	$5,027,995	-9.1%	122,187	-2.3%	1.21%	-2.8%
HLIO	Buy	HELIOS TECHNOLOGIES INC	$4,928,954	+3.2%	88,842	+23.0%	1.18%	+10.3%
AMED	Sell	AMEDISYS INC	$4,775,075	-0.3%	51,125	-2.4%	1.15%	+6.5%
HAYW	New	HAYWARD HLDGS INC	$4,481,967	–	317,870	–	1.08%	–
OZK	Sell	BANK OZK LITTLE ROCK ARK	$4,303,716	-9.9%	116,097	-2.4%	1.04%	-3.7%
BUSE	Sell	FIRST BUSEY CORP	$4,249,138	-7.0%	221,079	-2.7%	1.02%	-0.7%
AHCO	Sell	ADAPTHEALTH CORP	$4,092,807	-26.7%	449,759	-1.9%	0.98%	-21.7%
GBCI	Sell	GLACIER BANCORP INC NEW	$3,841,601	-11.2%	134,793	-2.8%	0.92%	-5.1%
HAS	Sell	HASBRO INC	$835,348	-13.6%	12,630	-15.4%	0.20%	-7.8%
EHC	Sell	ENCOMPASS HEALTH CORP	$656,220	-16.3%	9,771	-15.6%	0.16%	-10.2%
RNR	Buy	RENAISSANCERE HLDGS LTD	$649,178	+55.1%	3,280	+46.2%	0.16%	+66.0%
WRK	Buy	WESTROCK CO	$615,223	+44.6%	17,185	+17.4%	0.15%	+54.2%
TWLO	Sell	TWILIO INCcl a	$529,755	-8.9%	9,051	-1.0%	0.13%	-3.1%
BRX	Sell	BRIXMOR PPTY GROUP INC	$505,868	-5.6%	24,344	-0.0%	0.12%	+0.8%
SEE	Buy	SEALED AIR CORP NEW	$486,558	+14.6%	14,807	+39.5%	0.12%	+21.9%
SLGN	New	SILGAN HLDGS INC	$481,108	–	11,160	–	0.12%	–
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$400,884	-30.2%	1,570	-31.3%	0.10%	-25.6%
NDAQ	Sell	NASDAQ INC	$256,069	-2.6%	5,270	-0.1%	0.06%	+5.1%
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-254,705	–	-1.01%	–
NEWR	Exit	NEW RELIC INC	$0	–	-95,784	–	-1.41%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-98,391	–	-1.58%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-258,730	–	-2.09%	–

Q2 2023

			Value		Shares		↓ Weighting
USFD	New	US FOODS HLDG CORP	$14,757,336	–	335,394	–	3.32%	–
THS	New	TREEHOUSE FOODS INC	$13,594,287	–	269,835	–	3.06%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$12,736,669	–	490,249	–	2.87%	–
SRCL	New	STERICYCLE INC	$11,861,287	–	255,411	–	2.67%	–
IDA	New	IDACORP INC	$11,371,055	–	110,829	–	2.56%	–
WBS	New	WEBSTER FINL CORP	$11,127,115	–	294,758	–	2.50%	–
	New	HEALTHCARE RLTY TR	$10,745,240	–	569,737	–	2.42%	–
KEX	New	KIRBY CORP	$10,545,767	–	137,047	–	2.37%	–
POST	New	POST HLDGS INC	$9,757,916	–	112,613	–	2.20%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$9,623,036	–	358,667	–	2.16%	–
DOC	New	PHYSICIANS RLTY TR	$9,317,844	–	666,036	–	2.10%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$9,285,820	–	258,730	–	2.09%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$9,222,127	–	224,219	–	2.08%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$9,091,421	–	268,659	–	2.04%	–
VRNS	New	VARONIS SYS INC	$8,995,281	–	337,534	–	2.02%	–
WTFC	New	WINTRUST FINL CORP	$8,992,752	–	123,833	–	2.02%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$8,968,307	–	327,789	–	2.02%	–
EYE	New	NATIONAL VISION HLDGS INC	$8,833,641	–	363,674	–	1.99%	–
BIGC	New	BIGCOMMERCE HLDGS INC	$8,793,402	–	883,759	–	1.98%	–
OFC	New	CORPORATE OFFICE PPTYS TRsh ben int	$8,445,761	–	355,611	–	1.90%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$8,357,820	–	104,945	–	1.88%	–
KAR	New	OPENLANE INC	$8,329,145	–	547,250	–	1.87%	–
DESP	New	DESPEGAR COM CORP	$7,983,765	–	1,132,449	–	1.80%	–
POR	New	PORTLAND GEN ELEC CO	$7,905,044	–	168,803	–	1.78%	–
LBRT	New	LIBERTY ENERGY INC	$7,731,991	–	578,309	–	1.74%	–
BPOP	New	POPULAR INC	$7,714,908	–	127,477	–	1.74%	–
	New	ZURN ELKAY WATER SOLNS CORP	$7,459,743	–	277,417	–	1.68%	–
CHX	New	CHAMPIONX CORPORATION	$7,353,811	–	236,914	–	1.66%	–
BANR	New	BANNER CORP	$7,156,552	–	163,878	–	1.61%	–
ESNT	New	ESSENT GROUP LTD	$7,111,634	–	151,958	–	1.60%	–
PDCE	New	PDC ENERGY INC	$6,999,536	–	98,391	–	1.58%	–
	New	ESAB CORPORATION	$6,950,569	–	104,457	–	1.56%	–
ENS	New	ENERSYS	$6,891,671	–	63,506	–	1.55%	–
ABCB	New	AMERIS BANCORP	$6,793,319	–	198,577	–	1.53%	–
LILA	New	LIBERTY LATIN AMERICA LTD	$6,766,568	–	773,322	–	1.52%	–
CRK	New	COMSTOCK RES INC	$6,649,886	–	573,266	–	1.50%	–
LECO	New	LINCOLN ELEC HLDGS INC	$6,627,290	–	33,365	–	1.49%	–
CAKE	New	CHEESECAKE FACTORY INC	$6,601,426	–	190,903	–	1.48%	–
TEX	New	TEREX CORP NEW	$6,353,348	–	106,190	–	1.43%	–
NEWR	New	NEW RELIC INC	$6,268,105	–	95,784	–	1.41%	–
	New	BELLRING BRANDS INC	$6,185,583	–	169,005	–	1.39%	–
ROIC	New	RETAIL OPPORTUNITY INVTS COR	$6,055,871	–	448,251	–	1.36%	–
NPO	New	ENPRO INDS INC	$5,978,272	–	44,771	–	1.34%	–
AGO	New	ASSURED GUARANTY LTD	$5,824,683	–	104,385	–	1.31%	–
AHCO	New	ADAPTHEALTH CORP	$5,582,245	–	458,689	–	1.26%	–
ATI	New	ATI INC	$5,531,271	–	125,057	–	1.24%	–
FHB	New	FIRST HAWAIIAN INC	$5,490,457	–	304,856	–	1.24%	–
HWC	New	HANCOCK WHITNEY CORPORATION	$5,409,968	–	140,958	–	1.22%	–
ELAN	New	ELANCO ANIMAL HEALTH INC	$5,238,091	–	520,685	–	1.18%	–
AMED	New	AMEDISYS INC	$4,789,170	–	52,375	–	1.08%	–
OZK	New	BANK OZK LITTLE ROCK ARK	$4,778,518	–	118,987	–	1.08%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$4,775,003	–	72,250	–	1.07%	–
ARCO	New	ARCOS DORADOS HOLDINGS INC	$4,607,836	–	449,545	–	1.04%	–
BUSE	New	FIRST BUSEY CORP	$4,569,313	–	227,329	–	1.03%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$4,498,090	–	254,705	–	1.01%	–
GBCI	New	GLACIER BANCORP INC NEW	$4,324,619	–	138,743	–	0.97%	–
HAS	New	HASBRO INC	$967,146	–	14,932	–	0.22%	–
EHC	New	ENCOMPASS HEALTH CORP	$783,811	–	11,576	–	0.18%	–
AME	New	AMETEK INC	$782,366	–	4,833	–	0.18%	–
RBC	New	REGAL REXNORD CORPORATION	$745,492	–	4,844	–	0.17%	–
CTLT	New	CATALENT INC	$617,837	–	14,249	–	0.14%	–
EQT	New	EQT CORP	$593,465	–	14,429	–	0.13%	–
FANG	New	DIAMONDBACK ENERGY INC	$590,463	–	4,495	–	0.13%	–
TWLO	New	TWILIO INCcl a	$581,614	–	9,142	–	0.13%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$573,969	–	2,286	–	0.13%	–
NDSN	New	NORDSON CORP	$566,347	–	2,282	–	0.13%	–
WAB	New	WABTEC	$546,924	–	4,987	–	0.12%	–
BRX	New	BRIXMOR PPTY GROUP INC	$535,612	–	24,346	–	0.12%	–
EWBC	New	EAST WEST BANCORP INC	$530,592	–	10,051	–	0.12%	–
CRL	New	CHARLES RIV LABS INTL INC	$494,718	–	2,353	–	0.11%	–
WRK	New	WESTROCK CO	$425,439	–	14,635	–	0.10%	–
SEE	New	SEALED AIR CORP NEW	$424,520	–	10,613	–	0.10%	–
RNR	New	RENAISSANCERE HLDGS LTD	$418,551	–	2,244	–	0.09%	–
OVV	New	OVINTIV INC	$316,209	–	8,306	–	0.07%	–
NDAQ	New	NASDAQ INC	$262,859	–	5,273	–	0.06%	–

Q4 2022

			Value		Shares		↓ Weighting
ESTC	Exit	ELASTIC N V	$0	–	-5,985	–	-0.09%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-35,687	–	-0.09%	–
WRK	Exit	WESTROCK CO	$0	–	-14,746	–	-0.10%	–
G	Exit	GENPACT LIMITED	$0	–	-11,033	–	-0.10%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-2,738	–	-0.10%	–
KRC	Exit	KILROY RLTY CORP	$0	–	-12,341	–	-0.11%	–
AME	Exit	AMETEK INC	$0	–	-4,584	–	-0.11%	–
OSK	Exit	OSHKOSH CORP	$0	–	-7,484	–	-0.11%	–
WAB	Exit	WABTEC	$0	–	-6,736	–	-0.12%	–
HAS	Exit	HASBRO INC	$0	–	-8,548	–	-0.12%	–
LKQ	Exit	LKQ CORP	$0	–	-12,392	–	-0.12%	–
EQT	Exit	EQT CORP	$0	–	-14,853	–	-0.13%	–
SNV	Exit	SYNOVUS FINL CORP	$0	–	-16,389	–	-0.13%	–
NDAQ	Exit	NASDAQ INC	$0	–	-11,641	–	-0.14%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-10,702	–	-0.15%	–
RNR	Exit	RENAISSANCERE HLDGS LTD	$0	–	-5,286	–	-0.16%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-5,720	–	-0.16%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-16,829	–	-0.16%	–
RBC	Exit	REGAL REXNORD CORPORATION	$0	–	-5,754	–	-0.17%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-8,027	–	-0.20%	–
	Exit	BELLRING BRANDS INC	$0	–	-201,901	–	-0.87%	–
ESNT	Exit	ESSENT GROUP LTD	$0	–	-124,695	–	-0.91%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-770,771	–	-0.92%	–
VVV	Exit	VALVOLINE INC	$0	–	-181,878	–	-0.97%	–
SLM	Exit	SLM CORP	$0	–	-340,435	–	-1.00%	–
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-255,475	–	-1.02%	–
	Exit	ZURN ELKAY WATER SOLNS CORP	$0	–	-204,770	–	-1.05%	–
APAM	Exit	ARTISAN PARTNERS ASSET MGMTcl a	$0	–	-192,845	–	-1.09%	–
TEX	Exit	TEREX CORP NEW	$0	–	-174,900	–	-1.09%	–
HLIO	Exit	HELIOS TECHNOLOGIES INC	$0	–	-103,680	–	-1.10%	–
BIGC	Exit	BIGCOMMERCE HLDGS INC	$0	–	-354,681	–	-1.10%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-43,055	–	-1.14%	–
HPP	Exit	HUDSON PAC PPTYS INC	$0	–	-501,480	–	-1.15%	–
CPF	Exit	CENTRAL PAC FINL CORP	$0	–	-266,329	–	-1.16%	–
POST	Exit	POST HLDGS INC	$0	–	-68,087	–	-1.17%	–
LILA	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-924,613	–	-1.20%	–
DBD	Exit	DIEBOLD NIXDORF INC	$0	–	-2,475,058	–	-1.27%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-124,746	–	-1.27%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-159,365	–	-1.29%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-78,635	–	-1.29%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-556,693	–	-1.31%	–
ATI	Exit	ATI INC	$0	–	-246,627	–	-1.38%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-337,680	–	-1.39%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-435,925	–	-1.39%	–
ENS	Exit	ENERSYS	$0	–	-118,022	–	-1.44%	–
	Exit	SL GREEN RLTY CORP	$0	–	-172,490	–	-1.45%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-160,120	–	-1.46%	–
AIMC	Exit	ALTRA INDL MOTION CORP	$0	–	-207,390	–	-1.46%	–
NPO	Exit	ENPRO INDS INC	$0	–	-82,300	–	-1.47%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-239,070	–	-1.47%	–
CRK	Exit	COMSTOCK RES INC	$0	–	-422,630	–	-1.53%	–
VRNS	Exit	VARONIS SYS INC	$0	–	-277,180	–	-1.54%	–
OZK	Exit	BANK OZK	$0	–	-188,590	–	-1.57%	–
RGP	Exit	RESOURCES CONNECTION INC	$0	–	-422,870	–	-1.60%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION	$0	–	-168,438	–	-1.62%	–
AHCO	Exit	ADAPTHEALTH CORP	$0	–	-412,950	–	-1.63%	–
OFC	Exit	CORPORATE OFFICE PPTYS TRsh ben int	$0	–	-334,229	–	-1.63%	–
LBRT	Exit	LIBERTY ENERGY INC	$0	–	-616,026	–	-1.64%	–
AMED	Exit	AMEDISYS INC	$0	–	-85,090	–	-1.73%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-215,980	–	-1.74%	–
BPOP	Exit	POPULAR INC	$0	–	-119,771	–	-1.81%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-152,480	–	-1.85%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-199,755	–	-1.88%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-184,495	–	-1.90%	–
SRCL	Exit	STERICYCLE INC	$0	–	-228,607	–	-2.02%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-300,814	–	-2.05%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-340,760	–	-2.05%	–
BANR	Exit	BANNER CORP	$0	–	-168,155	–	-2.09%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-305,039	–	-2.10%	–
NEWR	Exit	NEW RELIC INC	$0	–	-177,772	–	-2.14%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-221,594	–	-2.19%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-593,452	–	-2.21%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-400,582	–	-2.22%	–
DOC	Exit	PHYSICIANS RLTY TR	$0	–	-706,510	–	-2.23%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-257,099	–	-2.29%	–
IDA	Exit	IDACORP INC	$0	–	-118,924	–	-2.47%	–
KEX	Exit	KIRBY CORP	$0	–	-195,817	–	-2.50%	–
	Exit	HEALTHCARE RLTY TR	$0	–	-612,573	–	-2.68%	–
WBS	Exit	WEBSTER FINL CORP	$0	–	-311,162	–	-2.95%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-366,737	–	-3.27%	–

Q3 2022

			Value		Shares		↓ Weighting
THS	Sell	TREEHOUSE FOODS INC	$15,557,000	-1.2%	366,737	-2.6%	3.27%	+10.7%
WBS	Sell	WEBSTER FINL CORP	$14,065,000	+4.5%	311,162	-2.6%	2.95%	+17.0%
	New	HEALTHCARE RLTY TR	$12,772,000	–	612,573	–	2.68%	–
KEX	Sell	KIRBY CORP	$11,900,000	-2.7%	195,817	-2.5%	2.50%	+9.1%
IDA	Buy	IDACORP INC	$11,775,000	+29.2%	118,924	+38.2%	2.47%	+44.8%
IART	Buy	INTEGRA LIFESCIENCES HLDGS C	$10,891,000	+22.1%	257,099	+55.7%	2.29%	+36.9%
DOC	Sell	PHYSICIANS RLTY TR	$10,626,000	-15.8%	706,510	-2.3%	2.23%	-5.7%
USFD	Sell	US FOODS HLDG CORP	$10,591,000	-16.0%	400,582	-2.5%	2.22%	-5.9%
SIX	Buy	SIX FLAGS ENTMT CORP NEW	$10,504,000	+14.9%	593,452	+40.9%	2.21%	+28.8%
SYNH	Buy	SYNEOS HEALTH INCcl a	$10,448,000	+3.0%	221,594	+56.6%	2.19%	+15.5%
NEWR	Sell	NEW RELIC INC	$10,201,000	-1.9%	177,772	-14.5%	2.14%	+9.9%
NVST	Buy	ENVISTA HOLDINGS CORPORATION	$10,008,000	+8.1%	305,039	+26.9%	2.10%	+21.1%
BANR	Sell	BANNER CORP	$9,935,000	+2.8%	168,155	-2.2%	2.09%	+15.1%
VNOM	Sell	VIPER ENERGY PARTNERS LP	$9,766,000	-9.7%	340,760	-16.0%	2.05%	+1.2%
NTB	Sell	BANK OF NT BUTTERFIELD&SON L	$9,764,000	+1.4%	300,814	-2.5%	2.05%	+13.6%
SRCL	Sell	STERICYCLE INC	$9,627,000	-6.4%	228,607	-2.5%	2.02%	+4.9%
GBCI	Sell	GLACIER BANCORP INC NEW	$9,064,000	+1.2%	184,495	-2.3%	1.90%	+13.4%
ABCB	Sell	AMERIS BANCORP	$8,931,000	+8.8%	199,755	-2.2%	1.88%	+21.9%
PDCE	Buy	PDC ENERGY INC	$8,812,000	-4.4%	152,480	+1.9%	1.85%	+7.1%
BPOP	Sell	POPULAR INC	$8,631,000	-9.0%	119,771	-2.9%	1.81%	+2.0%
CPRI	Sell	CAPRI HOLDINGS LIMITED	$8,302,000	-8.7%	215,980	-2.6%	1.74%	+2.3%
AMED	Buy	AMEDISYS INC	$8,236,000	+20.8%	85,090	+31.2%	1.73%	+35.3%
LBRT	Buy	LIBERTY ENERGY INC	$7,811,000	+5.0%	616,026	+5.7%	1.64%	+17.6%
OFC	Buy	CORPORATE OFFICE PPTYS TRsh ben int	$7,764,000	-5.3%	334,229	+6.8%	1.63%	+6.1%
AHCO	Buy	ADAPTHEALTH CORP	$7,755,000	+20.9%	412,950	+16.2%	1.63%	+35.4%
HWC	Sell	HANCOCK WHITNEY CORPORATION	$7,716,000	+1.0%	168,438	-2.3%	1.62%	+13.1%
RGP	Sell	RESOURCES CONNECTION INC	$7,641,000	-13.4%	422,870	-2.4%	1.60%	-3.0%
OZK	Sell	BANK OZK	$7,461,000	+2.9%	188,590	-2.4%	1.57%	+15.3%
VRNS	Buy	VARONIS SYS INC	$7,351,000	+10.4%	277,180	+22.1%	1.54%	+23.8%
CRK	Sell	COMSTOCK RES INC	$7,307,000	+41.9%	422,630	-0.8%	1.53%	+59.0%
CAKE	Sell	CHEESECAKE FACTORY INC	$7,000,000	+8.2%	239,070	-2.4%	1.47%	+21.3%
NPO	Sell	ENPRO INDS INC	$6,994,000	-13.0%	82,300	-16.1%	1.47%	-2.5%
AIMC	Sell	ALTRA INDL MOTION CORP	$6,972,000	-6.9%	207,390	-2.3%	1.46%	+4.3%
POR	Buy	PORTLAND GEN ELEC CO	$6,959,000	+9.7%	160,120	+21.9%	1.46%	+22.9%
	Sell	SL GREEN RLTY CORP	$6,927,000	-14.9%	172,490	-2.2%	1.45%	-4.7%
ENS	Sell	ENERSYS	$6,865,000	-3.7%	118,022	-2.4%	1.44%	+7.9%
OUT	Sell	OUTFRONT MEDIA INC	$6,622,000	-12.7%	435,925	-2.6%	1.39%	-2.2%
CHX	Sell	CHAMPIONX CORPORATION	$6,608,000	-33.3%	337,680	-32.3%	1.39%	-25.2%
ATI	Sell	ATI INC	$6,563,000	-38.9%	246,627	-47.9%	1.38%	-31.6%
KAR	Sell	KAR AUCTION SVCS INC	$6,218,000	-26.2%	556,693	-2.4%	1.31%	-17.3%
ACHC	Sell	ACADIA HEALTHCARE COMPANY IN	$6,148,000	-7.8%	78,635	-20.3%	1.29%	+3.3%
CATY	Sell	CATHAY GEN BANCORP	$6,129,000	-20.8%	159,365	-19.4%	1.29%	-11.2%
AGO	Sell	ASSURED GUARANTY LTD	$6,044,000	-15.3%	124,746	-2.4%	1.27%	-5.1%
DBD	Sell	DIEBOLD NIXDORF INC	$6,039,000	+4.8%	2,475,058	-2.5%	1.27%	+17.4%
LILA	Sell	LIBERTY LATIN AMERICA LTD	$5,723,000	-22.7%	924,613	-2.6%	1.20%	-13.3%
POST	Sell	POST HLDGS INC	$5,577,000	-32.5%	68,087	-32.2%	1.17%	-24.4%
CPF	Sell	CENTRAL PAC FINL CORP	$5,510,000	-5.8%	266,329	-2.3%	1.16%	+5.6%
HPP	Buy	HUDSON PAC PPTYS INC	$5,491,000	-11.3%	501,480	+20.2%	1.15%	-0.6%
LECO	Sell	LINCOLN ELEC HLDGS INC	$5,413,000	-0.6%	43,055	-2.4%	1.14%	+11.5%
HLIO	Sell	HELIOS TECHNOLOGIES INC	$5,246,000	-25.3%	103,680	-2.2%	1.10%	-16.3%
BIGC	Sell	BIGCOMMERCE HLDGS INC	$5,249,000	-13.1%	354,681	-4.9%	1.10%	-2.7%
TEX	Sell	TEREX CORP NEW	$5,202,000	+6.1%	174,900	-2.4%	1.09%	+18.8%
APAM	Sell	ARTISAN PARTNERS ASSET MGMTcl a	$5,193,000	-26.1%	192,845	-2.3%	1.09%	-17.2%
	Buy	ZURN ELKAY WATER SOLNS CORP	$5,017,000	+29.2%	204,770	+43.7%	1.05%	+44.8%
REZI	Sell	RESIDEO TECHNOLOGIES INC	$4,869,000	-4.2%	255,475	-2.3%	1.02%	+7.4%
SLM	Sell	SLM CORP	$4,763,000	-14.3%	340,435	-2.4%	1.00%	-4.0%
VVV	Sell	VALVOLINE INC	$4,609,000	-14.2%	181,878	-2.4%	0.97%	-3.9%
DESP	Sell	DESPEGAR COM CORP	$4,393,000	-31.3%	770,771	-2.3%	0.92%	-23.0%
ESNT	Sell	ESSENT GROUP LTD	$4,348,000	-12.5%	124,695	-2.4%	0.91%	-1.9%
	Sell	BELLRING BRANDS INC	$4,161,000	-19.2%	201,901	-2.4%	0.87%	-9.4%
FANG	Sell	DIAMONDBACK ENERGY INC	$967,000	-5.7%	8,027	-5.1%	0.20%	+5.7%
RBC	Sell	REGAL REXNORD CORPORATION	$808,000	+16.8%	5,754	-5.6%	0.17%	+30.8%
EHC	Buy	ENCOMPASS HEALTH CORP	$761,000	-10.0%	16,829	+11.5%	0.16%	+0.6%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$747,000	-14.5%	5,720	-5.6%	0.16%	-4.3%
RNR	Sell	RENAISSANCERE HLDGS LTD	$742,000	-15.2%	5,286	-5.5%	0.16%	-4.9%
EWBC	Sell	EAST WEST BANCORP INC	$719,000	-2.2%	10,702	-5.6%	0.15%	+9.4%
NDAQ	Buy	NASDAQ INC	$660,000	-12.8%	11,641	+134.5%	0.14%	-2.1%
SNV	Sell	SYNOVUS FINL CORP	$615,000	-1.8%	16,389	-5.6%	0.13%	+10.3%
EQT	Sell	EQT CORP	$605,000	-15.1%	14,853	-28.4%	0.13%	-5.2%
LKQ	Sell	LKQ CORP	$584,000	-25.9%	12,392	-22.8%	0.12%	-16.9%
HAS	Sell	HASBRO INC	$576,000	-23.6%	8,548	-7.1%	0.12%	-14.2%
WAB	Sell	WABTEC	$548,000	-6.5%	6,736	-5.6%	0.12%	+4.5%
OSK	Buy	OSHKOSH CORP	$526,000	-10.5%	7,484	+4.5%	0.11%	0.0%
KRC	Sell	KILROY RLTY CORP	$520,000	-33.7%	12,341	-17.6%	0.11%	-25.9%
AME	Sell	AMETEK INC	$520,000	-2.4%	4,584	-5.6%	0.11%	+9.0%
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$482,000	-21.1%	2,738	-5.8%	0.10%	-11.4%
G	New	GENPACT LIMITED	$483,000	–	11,033	–	0.10%	–
WRK	Sell	WESTROCK CO	$456,000	-32.7%	14,746	-13.3%	0.10%	-24.4%
ELAN	Buy	ELANCO ANIMAL HEALTH INC	$443,000	-16.9%	35,687	+31.3%	0.09%	-7.0%
ESTC	Sell	ELASTIC N V	$429,000	-19.7%	5,985	-24.2%	0.09%	-10.0%
PB	Exit	PROSPERITY BANCSHARES INC	$0	–	-10,416	–	-0.13%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-25,750	–	-0.14%	–
HNGR	Exit	HANGER INC	$0	–	-385,825	–	-1.04%	–
NOG	Exit	NORTHERN OIL AND GAS INC MN	$0	–	-242,040	–	-1.15%	–
ELF	Exit	E L F BEAUTY INC	$0	–	-218,360	–	-1.26%	–
ARGO	Exit	ARGO GROUP INTL HLDGS LTD	$0	–	-248,266	–	-1.72%	–
HR	Exit	HEALTHCARE RLTY TR	$0	–	-577,274	–	-2.94%	–

Q2 2022

			Value		Shares		↓ Weighting
THS	New	TREEHOUSE FOODS INC	$15,743,000	–	376,457	–	2.95%	–
HR	New	HEALTHCARE RLTY TR	$15,702,000	–	577,274	–	2.94%	–
WBS	New	WEBSTER FINL CORP	$13,464,000	–	319,442	–	2.52%	–
DOC	New	PHYSICIANS RLTY TR	$12,625,000	–	723,470	–	2.37%	–
USFD	New	US FOODS HLDG CORP	$12,611,000	–	411,042	–	2.36%	–
KEX	New	KIRBY CORP	$12,225,000	–	200,937	–	2.29%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$10,818,000	–	405,470	–	2.03%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$10,747,000	–	473,213	–	2.01%	–
NEWR	New	NEW RELIC INC	$10,403,000	–	207,861	–	1.95%	–
SRCL	New	STERICYCLE INC	$10,282,000	–	234,477	–	1.93%	–
SYNH	New	SYNEOS HEALTH INCcl a	$10,140,000	–	141,462	–	1.90%	–
CHX	New	CHAMPIONX CORPORATION	$9,902,000	–	498,838	–	1.86%	–
BANR	New	BANNER CORP	$9,669,000	–	172,015	–	1.81%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$9,626,000	–	308,634	–	1.80%	–
BPOP	New	POPULAR INC	$9,485,000	–	123,291	–	1.78%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$9,261,000	–	240,297	–	1.74%	–
PDCE	New	PDC ENERGY INC	$9,222,000	–	149,690	–	1.73%	–
ARGO	New	ARGO GROUP INTL HLDGS LTD	$9,151,000	–	248,266	–	1.72%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$9,142,000	–	421,300	–	1.71%	–
IDA	New	IDACORP INC	$9,112,000	–	86,026	–	1.71%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$9,092,000	–	221,710	–	1.70%	–
GBCI	New	GLACIER BANCORP INC NEW	$8,955,000	–	188,835	–	1.68%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$8,920,000	–	165,089	–	1.67%	–
RGP	New	RESOURCES CONNECTION INC	$8,826,000	–	433,260	–	1.65%	–
KAR	New	KAR AUCTION SVCS INC	$8,425,000	–	570,433	–	1.58%	–
POST	New	POST HLDGS INC	$8,267,000	–	100,390	–	1.55%	–
ABCB	New	AMERIS BANCORP	$8,210,000	–	204,335	–	1.54%	–
OFC	New	CORPORATE OFFICE PPTYS TRsh ben int	$8,197,000	–	312,990	–	1.54%	–
	New	SL GREEN RLTY CORP	$8,137,000	–	176,320	–	1.52%	–
NPO	New	ENPRO INDS INC	$8,038,000	–	98,110	–	1.51%	–
CATY	New	CATHAY GEN BANCORP	$7,736,000	–	197,605	–	1.45%	–
HWC	New	HANCOCK WHITNEY CORPORATION	$7,640,000	–	172,338	–	1.43%	–
OUT	New	OUTFRONT MEDIA INC	$7,584,000	–	447,425	–	1.42%	–
AIMC	New	ALTRA INDL MOTION CORP	$7,486,000	–	212,380	–	1.40%	–
LBRT	New	LIBERTY ENERGY INC	$7,438,000	–	582,940	–	1.39%	–
LILA	New	LIBERTY LATIN AMERICA LTD	$7,404,000	–	949,243	–	1.39%	–
OZK	New	BANK OZK	$7,251,000	–	193,210	–	1.36%	–
AGO	New	ASSURED GUARANTY LTD	$7,133,000	–	127,846	–	1.34%	–
ENS	New	ENERSYS	$7,129,000	–	120,912	–	1.34%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$7,026,000	–	106,060	–	1.32%	–
APAM	New	ARTISAN PARTNERS ASSET MGMTcl a	$7,024,000	–	197,475	–	1.32%	–
AMED	New	AMEDISYS INC	$6,818,000	–	64,855	–	1.28%	–
ELF	New	E L F BEAUTY INC	$6,699,000	–	218,360	–	1.26%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$6,669,000	–	98,605	–	1.25%	–
VRNS	New	VARONIS SYS INC	$6,656,000	–	227,000	–	1.25%	–
CAKE	New	CHEESECAKE FACTORY INC	$6,470,000	–	244,900	–	1.21%	–
AHCO	New	ADAPTHEALTH CORP	$6,413,000	–	355,470	–	1.20%	–
DESP	New	DESPEGAR COM CORP	$6,393,000	–	789,251	–	1.20%	–
POR	New	PORTLAND GEN ELEC CO	$6,346,000	–	131,310	–	1.19%	–
HPP	New	HUDSON PAC PPTYS INC	$6,191,000	–	417,210	–	1.16%	–
NOG	New	NORTHERN OIL AND GAS INC MN	$6,114,000	–	242,040	–	1.15%	–
BIGC	New	BIGCOMMERCE HLDGS INC	$6,041,000	–	372,881	–	1.13%	–
CPF	New	CENTRAL PAC FINL CORP	$5,849,000	–	272,689	–	1.10%	–
DBD	New	DIEBOLD NIXDORF INC	$5,765,000	–	2,539,498	–	1.08%	–
SLM	New	SLM CORP	$5,559,000	–	348,715	–	1.04%	–
HNGR	New	HANGER INC	$5,525,000	–	385,825	–	1.04%	–
LECO	New	LINCOLN ELEC HLDGS INC	$5,443,000	–	44,125	–	1.02%	–
VVV	New	VALVOLINE INC	$5,373,000	–	186,368	–	1.01%	–
CRK	New	COMSTOCK RES INC	$5,148,000	–	426,140	–	0.96%	–
	New	BELLRING BRANDS INC	$5,149,000	–	206,881	–	0.96%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$5,081,000	–	261,615	–	0.95%	–
ESNT	New	ESSENT GROUP LTD	$4,968,000	–	127,705	–	0.93%	–
TEX	New	TEREX CORP NEW	$4,904,000	–	179,160	–	0.92%	–
	New	ZURN WATER SOLUTIONS CORP	$3,882,000	–	142,510	–	0.73%	–
FANG	New	DIAMONDBACK ENERGY INC	$1,025,000	–	8,462	–	0.19%	–
RNR	New	RENAISSANCERE HLDGS LTD	$875,000	–	5,596	–	0.16%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$874,000	–	6,060	–	0.16%	–
EHC	New	ENCOMPASS HEALTH CORP	$846,000	–	15,097	–	0.16%	–
LKQ	New	LKQ CORP	$788,000	–	16,054	–	0.15%	–
KRC	New	KILROY RLTY CORP	$784,000	–	14,984	–	0.15%	–
NDAQ	New	NASDAQ INC	$757,000	–	4,965	–	0.14%	–
HAS	New	HASBRO INC	$754,000	–	9,203	–	0.14%	–
EWBC	New	EAST WEST BANCORP INC	$735,000	–	11,342	–	0.14%	–
HTA	New	HEALTHCARE TR AMER INCcl a new	$719,000	–	25,750	–	0.14%	–
EQT	New	EQT CORP	$713,000	–	20,735	–	0.13%	–
PB	New	PROSPERITY BANCSHARES INC	$711,000	–	10,416	–	0.13%	–
RBC	New	REGAL REXNORD CORPORATION	$692,000	–	6,094	–	0.13%	–
WRK	New	WESTROCK CO	$678,000	–	17,006	–	0.13%	–
SNV	New	SYNOVUS FINL CORP	$626,000	–	17,359	–	0.12%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$611,000	–	2,908	–	0.11%	–
OSK	New	OSHKOSH CORP	$588,000	–	7,161	–	0.11%	–
WAB	New	WABTEC	$586,000	–	7,136	–	0.11%	–
AME	New	AMETEK INC	$533,000	–	4,854	–	0.10%	–
ELAN	New	ELANCO ANIMAL HEALTH INC	$533,000	–	27,175	–	0.10%	–
ESTC	New	ELASTIC N V	$534,000	–	7,897	–	0.10%	–

Q4 2021

			Value		Shares		↓ Weighting
NDAQ	Exit	NASDAQ INC	$0	–	-2,092	–	-0.05%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-18,200	–	-0.07%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-22,510	–	-0.08%	–
AME	Exit	AMETEK INC	$0	–	-5,301	–	-0.08%	–
WAB	Exit	WABTEC	$0	–	-7,996	–	-0.08%	–
KRC	Exit	KILROY RLTY CORP	$0	–	-10,572	–	-0.08%	–
INGR	Exit	INGREDION INC	$0	–	-8,218	–	-0.09%	–
HAS	Exit	HASBRO INC	$0	–	-8,830	–	-0.09%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-7,965	–	-0.10%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-27,331	–	-0.10%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-4,217	–	-0.10%	–
OSK	Exit	OSHKOSH CORP	$0	–	-8,184	–	-0.10%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-3,289	–	-0.10%	–
RNR	Exit	RENAISSANCERE HLDGS LTD	$0	–	-6,267	–	-0.10%	–
WRK	Exit	WESTROCK CO	$0	–	-17,943	–	-0.11%	–
PB	Exit	PROSPERITY BANCSHARES INC	$0	–	-13,207	–	-0.11%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-13,286	–	-0.12%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-12,984	–	-0.12%	–
RBC	Exit	REGAL BELOIT CORP	$0	–	-6,924	–	-0.12%	–
LKQ	Exit	LKQ CORP	$0	–	-20,742	–	-0.12%	–
CONE	Exit	CYRUSONE INC	$0	–	-13,652	–	-0.13%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-13,393	–	-0.15%	–
RGP	Exit	RESOURCES CONNECTION INC	$0	–	-99,220	–	-0.19%	–
LOCO	Exit	EL POLLO LOCO HLDGS INC	$0	–	-377,560	–	-0.76%	–
SRCL	Exit	STERICYCLE INC	$0	–	-104,185	–	-0.84%	–
NAVI	Exit	NAVIENT CORPORATION	$0	–	-367,630	–	-0.86%	–
EGHT	Exit	8X8 INC NEW	$0	–	-331,530	–	-0.92%	–
ESNT	Exit	ESSENT GROUP LTD	$0	–	-179,920	–	-0.94%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-62,330	–	-0.95%	–
VVV	Exit	VALVOLINE INC	$0	–	-267,387	–	-0.99%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-291,210	–	-1.03%	–
HNGR	Exit	HANGER INC	$0	–	-395,420	–	-1.03%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-187,420	–	-1.05%	–
POST	Exit	POST HLDGS INC	$0	–	-80,370	–	-1.05%	–
AHCO	Exit	ADAPTHEALTH CORP	$0	–	-382,030	–	-1.06%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-267,030	–	-1.07%	–
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-371,465	–	-1.09%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-174,415	–	-1.14%	–
NEWR	Exit	NEW RELIC INC	$0	–	-137,075	–	-1.17%	–
CPF	Exit	CENTRAL PAC FINL CORP	$0	–	-386,949	–	-1.18%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-212,845	–	-1.18%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-828,355	–	-1.18%	–
ELF	Exit	E L F BEAUTY INC	$0	–	-344,260	–	-1.19%	–
SLM	Exit	SLM CORP	$0	–	-601,163	–	-1.26%	–
TEX	Exit	TEREX CORP NEW	$0	–	-255,530	–	-1.28%	–
APAM	Exit	ARTISAN PARTNERS ASSET MGMTcl a	$0	–	-236,280	–	-1.37%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION	$0	–	-245,808	–	-1.38%	–
ADNT	Exit	ADIENT PLC	$0	–	-280,160	–	-1.38%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-183,085	–	-1.39%	–
AIMC	Exit	ALTRA INDL MOTION CORP	$0	–	-210,925	–	-1.39%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-248,176	–	-1.41%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-724,735	–	-1.43%	–
HPP	Exit	HUDSON PAC PPTYS INC	$0	–	-459,450	–	-1.43%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-542,630	–	-1.44%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-177,605	–	-1.44%	–
HLIO	Exit	HELIOS TECHNOLOGIES INC	$0	–	-151,380	–	-1.48%	–
IDA	Exit	IDACORP INC	$0	–	-120,402	–	-1.48%	–
ARGO	Exit	ARGO GROUP INTL HLDGS LTD	$0	–	-238,486	–	-1.48%	–
ENS	Exit	ENERSYS	$0	–	-167,375	–	-1.48%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-305,405	–	-1.50%	–
RXN	Exit	REXNORD CORP	$0	–	-201,900	–	-1.54%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-328,640	–	-1.56%	–
OZK	Exit	BANK OZK	$0	–	-305,260	–	-1.56%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-309,160	–	-1.56%	–
RWT	Exit	REDWOOD TR INC	$0	–	-1,032,250	–	-1.58%	–
NPO	Exit	ENPRO INDS INC	$0	–	-153,090	–	-1.58%	–
KEX	Exit	KIRBY CORP	$0	–	-280,515	–	-1.60%	–
SAIL	Exit	SAILPOINT TECHNOLOGIES HLDGS	$0	–	-314,384	–	-1.60%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-287,213	–	-1.60%	–
BPOP	Exit	POPULAR INC	$0	–	-174,161	–	-1.61%	–
BANR	Exit	BANNER CORP	$0	–	-245,815	–	-1.61%	–
LILA	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-1,041,290	–	-1.62%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-246,310	–	-1.62%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-398,153	–	-1.64%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-333,030	–	-1.65%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-564,705	–	-1.69%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-166,165	–	-1.73%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-419,525	–	-1.77%	–
ACC	Exit	AMERICAN CAMPUS CMNTYS INC	$0	–	-308,811	–	-1.78%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-291,245	–	-1.79%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-715,130	–	-1.86%	–
DOC	Exit	PHYSICIANS RLTY TR	$0	–	-911,490	–	-1.91%	–
POLY	Exit	PLANTRONICS INC NEW	$0	–	-645,604	–	-1.97%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-355,670	–	-2.00%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-353,115	–	-2.03%	–
EQT	Exit	EQT CORP	$0	–	-893,400	–	-2.17%	–
DBD	Exit	DIEBOLD NIXDORF INC	$0	–	-2,068,040	–	-2.48%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-1,485,637	–	-2.89%	–
WBS	Exit	WEBSTER FINL CORP CONN	$0	–	-454,957	–	-2.94%	–

Q3 2021

			Value		Shares		↓ Weighting
WBS	Buy	WEBSTER FINL CORP CONN	$24,777,000	+22.4%	454,957	+19.8%	2.94%	+17.0%
KAR	Buy	KAR AUCTION SVCS INC	$24,350,000	+1.4%	1,485,637	+8.6%	2.89%	-3.1%
DBD	Buy	DIEBOLD NIXDORF INC	$20,908,000	-5.6%	2,068,040	+19.9%	2.48%	-9.8%
EQT	Buy	EQT CORP	$18,279,000	+27.3%	893,400	+38.5%	2.17%	+21.8%
CPRI	Sell	CAPRI HOLDINGS LIMITED	$17,094,000	-23.4%	353,115	-9.5%	2.03%	-26.8%
PDCE	Buy	PDC ENERGY INC	$16,855,000	+6.7%	355,670	+3.1%	2.00%	+2.0%
POLY	Buy	PLANTRONICS INC NEW	$16,598,000	-21.0%	645,604	+28.2%	1.97%	-24.5%
DOC	Buy	PHYSICIANS RLTY TR	$16,060,000	+15.7%	911,490	+21.3%	1.91%	+10.6%
VNOM	Buy	VIPER ENERGY PARTNERS LP	$15,626,000	+26.4%	715,130	+8.9%	1.86%	+20.8%
ABCB	Buy	AMERIS BANCORP	$15,110,000	+11.7%	291,245	+9.0%	1.79%	+6.8%
ACC	Buy	AMERICAN CAMPUS CMNTYS INC	$14,962,000	+12.4%	308,811	+8.4%	1.78%	+7.4%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$14,897,000	+9.4%	419,525	+9.3%	1.77%	+4.6%
SYNH	Sell	SYNEOS HEALTH INCcl a	$14,536,000	-10.9%	166,165	-8.8%	1.73%	-14.8%
OUT	Buy	OUTFRONT MEDIA INC	$14,231,000	+13.6%	564,705	+8.4%	1.69%	+8.6%
NVST	Buy	ENVISTA HOLDINGS CORPORATION	$13,924,000	+59.7%	333,030	+65.1%	1.65%	+52.7%
USFD	Buy	US FOODS HLDG CORP	$13,800,000	+25.1%	398,153	+38.5%	1.64%	+19.6%
GBCI	Buy	GLACIER BANCORP INC NEW	$13,633,000	+24.5%	246,310	+23.9%	1.62%	+19.0%
LILA	Buy	LIBERTY LATIN AMERICA LTD	$13,620,000	+2.4%	1,041,290	+8.5%	1.62%	-2.1%
BANR	Buy	BANNER CORP	$13,571,000	+10.9%	245,815	+8.9%	1.61%	+6.1%
BPOP	Buy	POPULAR INC	$13,527,000	+12.3%	174,161	+8.5%	1.61%	+7.3%
CAKE	Buy	CHEESECAKE FACTORY INC	$13,499,000	+2.9%	287,213	+18.6%	1.60%	-1.7%
SAIL	Buy	SAILPOINT TECHNOLOGIES HLDGS	$13,481,000	+36.0%	314,384	+61.9%	1.60%	+30.0%
KEX	Buy	KIRBY CORP	$13,453,000	-13.8%	280,515	+9.0%	1.60%	-17.5%
NPO	Buy	ENPRO INDS INC	$13,337,000	+11.4%	153,090	+24.2%	1.58%	+6.5%
RWT	Buy	REDWOOD TR INC	$13,306,000	+31.4%	1,032,250	+23.1%	1.58%	+25.6%
SIX	Buy	SIX FLAGS ENTMT CORP NEW	$13,139,000	+6.2%	309,160	+8.1%	1.56%	+1.5%
OZK	Buy	BANK OZK	$13,120,000	+11.0%	305,260	+8.9%	1.56%	+6.1%
THS	Buy	TREEHOUSE FOODS INC	$13,106,000	-2.8%	328,640	+8.5%	1.56%	-7.1%
RXN	Sell	REXNORD CORP	$12,980,000	+8.9%	201,900	-15.3%	1.54%	+4.1%
CATY	Buy	CATHAY GEN BANCORP	$12,641,000	+14.5%	305,405	+8.9%	1.50%	+9.5%
ENS	Buy	ENERSYS	$12,459,000	-5.5%	167,375	+24.1%	1.48%	-9.6%
ARGO	Buy	ARGO GROUP INTL HLDGS LTD	$12,454,000	+9.7%	238,486	+8.9%	1.48%	+4.9%
IDA	Sell	IDACORP INC	$12,447,000	-0.7%	120,402	-6.4%	1.48%	-5.1%
HLIO	Buy	HELIOS TECHNOLOGIES INC	$12,430,000	+14.6%	151,380	+9.0%	1.48%	+9.6%
IART	Buy	INTEGRA LIFESCIENCES HLDGS C	$12,162,000	+10.2%	177,605	+9.9%	1.44%	+5.4%
CHX	Buy	CHAMPIONX CORPORATION	$12,133,000	+18.9%	542,630	+36.4%	1.44%	+13.7%
HPP	Buy	HUDSON PAC PPTYS INC	$12,070,000	+54.9%	459,450	+64.1%	1.43%	+48.0%
ATI	Buy	ALLEGHENY TECHNOLOGIES INC	$12,052,000	+32.7%	724,735	+66.4%	1.43%	+26.9%
BECN	Buy	BEACON ROOFING SUPPLY INC	$11,853,000	-1.3%	248,176	+10.0%	1.41%	-5.6%
ACHC	Buy	ACADIA HEALTHCARE COMPANY IN	$11,677,000	+10.7%	183,085	+8.9%	1.39%	+5.8%
AIMC	Buy	ALTRA INDL MOTION CORP	$11,675,000	+11.8%	210,925	+31.3%	1.39%	+6.9%
ADNT	Buy	ADIENT PLC	$11,613,000	-0.1%	280,160	+8.9%	1.38%	-4.5%
HWC	Buy	HANCOCK WHITNEY CORPORATION	$11,582,000	+15.4%	245,808	+8.9%	1.38%	+10.4%
APAM	Buy	ARTISAN PARTNERS ASSET MGMTcl a	$11,559,000	+4.8%	236,280	+8.9%	1.37%	+0.2%
TEX	Buy	TEREX CORP NEW	$10,758,000	+19.6%	255,530	+35.2%	1.28%	+14.3%
SLM	Buy	SLM CORP	$10,580,000	-8.1%	601,163	+9.3%	1.26%	-12.2%
ELF	Buy	E L F BEAUTY INC	$10,001,000	+16.7%	344,260	+9.0%	1.19%	+11.5%
DESP	Sell	DESPEGAR COM CORP	$9,965,000	-18.0%	828,355	-10.0%	1.18%	-21.7%
AGO	Buy	ASSURED GUARANTY LTD	$9,963,000	+7.7%	212,845	+9.2%	1.18%	+3.0%
CPF	Buy	CENTRAL PAC FINL CORP	$9,937,000	+7.4%	386,949	+9.0%	1.18%	+2.7%
NEWR	Buy	NEW RELIC INC	$9,838,000	+16.9%	137,075	+9.0%	1.17%	+11.7%
SEE	Sell	SEALED AIR CORP NEW	$9,556,000	-18.2%	174,415	-11.5%	1.14%	-21.8%
REZI	Buy	RESIDEO TECHNOLOGIES INC	$9,209,000	-9.9%	371,465	+9.1%	1.09%	-13.8%
DXC	Buy	DXC TECHNOLOGY CO	$8,975,000	-5.3%	267,030	+9.7%	1.07%	-9.4%
AHCO	Buy	ADAPTHEALTH CORP	$8,897,000	+19.2%	382,030	+40.3%	1.06%	+14.0%
POST	Buy	POST HLDGS INC	$8,854,000	+10.6%	80,370	+8.9%	1.05%	+5.8%
POR	Sell	PORTLAND GEN ELEC CO	$8,807,000	-6.8%	187,420	-8.6%	1.05%	-10.9%
HNGR	Buy	HANGER INC	$8,683,000	+10.1%	395,420	+26.7%	1.03%	+5.2%
URBN	Buy	URBAN OUTFITTERS INC	$8,646,000	-18.0%	291,210	+13.9%	1.03%	-21.5%
VVV	Sell	VALVOLINE INC	$8,337,000	-20.1%	267,387	-16.8%	0.99%	-23.7%
LECO	Sell	LINCOLN ELEC HLDGS INC	$8,027,000	-21.0%	62,330	-19.2%	0.95%	-24.5%
ESNT	Buy	ESSENT GROUP LTD	$7,918,000	+6.6%	179,920	+8.9%	0.94%	+1.8%
EGHT	Buy	8X8 INC NEW	$7,754,000	+21.7%	331,530	+44.4%	0.92%	+16.3%
NAVI	Sell	NAVIENT CORPORATION	$7,253,000	-11.9%	367,630	-13.7%	0.86%	-15.8%
SRCL	Buy	STERICYCLE INC	$7,081,000	+3.4%	104,185	+8.9%	0.84%	-1.1%
LOCO	Sell	EL POLLO LOCO HLDGS INC	$6,381,000	-35.8%	377,560	-30.5%	0.76%	-38.6%
RGP	New	RESOURCES CONNECTION INC	$1,566,000	–	99,220	–	0.19%	–
FANG	Buy	DIAMONDBACK ENERGY INC	$1,268,000	+2.3%	13,393	+1.4%	0.15%	-1.9%
CONE	Buy	CYRUSONE INC	$1,057,000	+15.5%	13,652	+6.7%	0.13%	+10.5%
LKQ	Sell	LKQ CORP	$1,044,000	-8.9%	20,742	-10.9%	0.12%	-12.7%
EWBC	Sell	EAST WEST BANCORP INC	$1,007,000	+8.2%	12,984	-0.0%	0.12%	+3.4%
PB	Buy	PROSPERITY BANCSHARES INC	$939,000	+7.8%	13,207	+8.9%	0.11%	+3.7%
WRK	Buy	WESTROCK CO	$894,000	+3.6%	17,943	+10.6%	0.11%	-0.9%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$859,000	+28.2%	3,289	+25.8%	0.10%	+22.9%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$813,000	-7.2%	4,217	-9.9%	0.10%	-11.0%
HTA	Sell	HEALTHCARE TR AMER INCcl a new	$811,000	+2.3%	27,331	-7.9%	0.10%	-3.0%
ADS	Sell	ALLIANCE DATA SYSTEMS CORP	$804,000	-3.1%	7,965	-0.0%	0.10%	-7.8%
HAS	Sell	HASBRO INC	$788,000	-5.6%	8,830	-0.0%	0.09%	-9.6%
WAB	Sell	WABTEC	$689,000	-18.6%	7,996	-22.2%	0.08%	-21.9%
AXTA	Buy	AXALTA COATING SYS LTD	$657,000	+10.2%	22,510	+15.2%	0.08%	+5.4%
ELAN	New	ELANCO ANIMAL HEALTH INC	$580,000	–	18,200	–	0.07%	–
G	Exit	GENPACT LIMITED	$0	–	-15,591	–	-0.09%	–
GTES	Exit	GATES INDUSTRIAL CORPRATIN P	$0	–	-406,575	–	-0.91%	–

Q2 2021

			Value		Shares		↓ Weighting
KAR	New	KAR AUCTION SVCS INC	$24,015,000	–	1,368,402	–	2.98%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$22,323,000	–	390,339	–	2.77%	–
DBD	New	DIEBOLD NIXDORF INC	$22,154,000	–	1,725,373	–	2.75%	–
POLY	New	PLANTRONICS INC NEW	$21,015,000	–	503,600	–	2.61%	–
WBS	New	WEBSTER FINL CORP CONN	$20,248,000	–	379,607	–	2.52%	–
SYNH	New	SYNEOS HEALTH INCcl a	$16,313,000	–	182,285	–	2.03%	–
PDCE	New	PDC ENERGY INC	$15,798,000	–	345,020	–	1.96%	–
KEX	New	KIRBY CORP	$15,600,000	–	257,249	–	1.94%	–
EQT	New	EQT CORP	$14,357,000	–	644,978	–	1.78%	–
DOC	New	PHYSICIANS RLTY TR	$13,877,000	–	751,320	–	1.72%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$13,612,000	–	383,980	–	1.69%	–
ABCB	New	AMERIS BANCORP	$13,523,000	–	267,085	–	1.68%	–
THS	New	TREEHOUSE FOODS INC	$13,482,000	–	302,840	–	1.68%	–
ACC	New	AMERICAN CAMPUS CMNTYS INC	$13,312,000	–	284,931	–	1.65%	–
LILA	New	LIBERTY LATIN AMERICA LTD	$13,299,000	–	959,522	–	1.65%	–
ENS	New	ENERSYS	$13,185,000	–	134,910	–	1.64%	–
CAKE	New	CHEESECAKE FACTORY INC	$13,120,000	–	242,164	–	1.63%	–
IDA	New	IDACORP INC	$12,536,000	–	128,570	–	1.56%	–
OUT	New	OUTFRONT MEDIA INC	$12,523,000	–	521,140	–	1.56%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$12,376,000	–	285,950	–	1.54%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$12,364,000	–	656,610	–	1.54%	–
BANR	New	BANNER CORP	$12,234,000	–	225,675	–	1.52%	–
DESP	New	DESPEGAR COM CORP	$12,152,000	–	919,905	–	1.51%	–
BPOP	New	POPULAR INC	$12,050,000	–	160,561	–	1.50%	–
BECN	New	BEACON ROOFING SUPPLY INC	$12,012,000	–	225,586	–	1.49%	–
NPO	New	ENPRO INDS INC	$11,975,000	–	123,260	–	1.49%	–
RXN	New	REXNORD CORP	$11,924,000	–	238,280	–	1.48%	–
OZK	New	BANK OZK	$11,817,000	–	280,290	–	1.47%	–
SEE	New	SEALED AIR CORP NEW	$11,681,000	–	197,156	–	1.45%	–
ADNT	New	ADIENT PLC	$11,627,000	–	257,240	–	1.44%	–
SLM	New	SLM CORP	$11,517,000	–	550,003	–	1.43%	–
ARGO	New	ARGO GROUP INTL HLDGS LTD	$11,350,000	–	218,976	–	1.41%	–
CATY	New	CATHAY GEN BANCORP	$11,036,000	–	280,395	–	1.37%	–
USFD	New	US FOODS HLDG CORP	$11,027,000	–	287,470	–	1.37%	–
APAM	New	ARTISAN PARTNERS ASSET MGMTcl a	$11,025,000	–	216,950	–	1.37%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$11,032,000	–	161,660	–	1.37%	–
GBCI	New	GLACIER BANCORP INC NEW	$10,952,000	–	198,830	–	1.36%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$10,843,000	–	138,920	–	1.35%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$10,550,000	–	168,125	–	1.31%	–
URBN	New	URBAN OUTFITTERS INC	$10,541,000	–	255,720	–	1.31%	–
AIMC	New	ALTRA INDL MOTION CORP	$10,444,000	–	160,625	–	1.30%	–
VVV	New	VALVOLINE INC	$10,438,000	–	321,567	–	1.30%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$10,219,000	–	340,625	–	1.27%	–
CHX	New	CHAMPIONX CORPORATION	$10,202,000	–	397,740	–	1.27%	–
LECO	New	LINCOLN ELEC HLDGS INC	$10,165,000	–	77,180	–	1.26%	–
RWT	New	REDWOOD TR INC	$10,124,000	–	838,750	–	1.26%	–
HWC	New	HANCOCK WHITNEY CORPORATION	$10,033,000	–	225,758	–	1.25%	–
LOCO	New	EL POLLO LOCO HLDGS INC	$9,933,000	–	543,060	–	1.23%	–
SAIL	New	SAILPOINT TECHNOLOGIES HLDGS	$9,916,000	–	194,163	–	1.23%	–
DXC	New	DXC TECHNOLOGY CO	$9,477,000	–	243,370	–	1.18%	–
POR	New	PORTLAND GEN ELEC CO	$9,448,000	–	205,030	–	1.17%	–
CPF	New	CENTRAL PAC FINL CORP	$9,250,000	–	354,959	–	1.15%	–
AGO	New	ASSURED GUARANTY LTD	$9,252,000	–	194,855	–	1.15%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$9,080,000	–	435,485	–	1.13%	–
TEX	New	TEREX CORP NEW	$8,998,000	–	188,960	–	1.12%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$8,718,000	–	201,755	–	1.08%	–
ELF	New	E L F BEAUTY INC	$8,571,000	–	315,820	–	1.06%	–
NEWR	New	NEW RELIC INC	$8,418,000	–	125,705	–	1.05%	–
NAVI	New	NAVIENT CORPORATION	$8,236,000	–	426,050	–	1.02%	–
POST	New	POST HLDGS INC	$8,006,000	–	73,810	–	0.99%	–
HNGR	New	HANGER INC	$7,889,000	–	312,050	–	0.98%	–
HPP	New	HUDSON PAC PPTYS INC	$7,790,000	–	280,000	–	0.97%	–
AHCO	New	ADAPTHEALTH CORP	$7,462,000	–	272,230	–	0.93%	–
ESNT	New	ESSENT GROUP LTD	$7,427,000	–	165,230	–	0.92%	–
GTES	New	GATES INDUSTRIAL CORPRATIN P	$7,347,000	–	406,575	–	0.91%	–
SRCL	New	STERICYCLE INC	$6,846,000	–	95,675	–	0.85%	–
EGHT	New	8X8 INC NEW	$6,372,000	–	229,550	–	0.79%	–
FANG	New	DIAMONDBACK ENERGY INC	$1,240,000	–	13,208	–	0.15%	–
LKQ	New	LKQ CORP	$1,146,000	–	23,285	–	0.14%	–
EHC	New	ENCOMPASS HEALTH CORP	$1,037,000	–	13,286	–	0.13%	–
OSK	New	OSHKOSH CORP	$1,020,000	–	8,184	–	0.13%	–
RNR	New	RENAISSANCERE HLDGS LTD	$933,000	–	6,267	–	0.12%	–
EWBC	New	EAST WEST BANCORP INC	$931,000	–	12,986	–	0.12%	–
RBC	New	REGAL BELOIT CORP	$924,000	–	6,924	–	0.12%	–
CONE	New	CYRUSONE INC	$915,000	–	12,799	–	0.11%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$876,000	–	4,680	–	0.11%	–
PB	New	PROSPERITY BANCSHARES INC	$871,000	–	12,131	–	0.11%	–
WRK	New	WESTROCK CO	$863,000	–	16,223	–	0.11%	–
WAB	New	WABTEC	$846,000	–	10,280	–	0.10%	–
HAS	New	HASBRO INC	$835,000	–	8,832	–	0.10%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$830,000	–	7,967	–	0.10%	–
HTA	New	HEALTHCARE TR AMER INCcl a new	$793,000	–	29,686	–	0.10%	–
INGR	New	INGREDION INC	$744,000	–	8,218	–	0.09%	–
KRC	New	KILROY RLTY CORP	$736,000	–	10,572	–	0.09%	–
AME	New	AMETEK INC	$708,000	–	5,301	–	0.09%	–
G	New	GENPACT LIMITED	$708,000	–	15,591	–	0.09%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$670,000	–	2,615	–	0.08%	–
AXTA	New	AXALTA COATING SYS LTD	$596,000	–	19,544	–	0.07%	–
NDAQ	New	NASDAQ INC	$368,000	–	2,092	–	0.05%	–

Q4 2020

			Value		Shares		↓ Weighting
NDAQ	Exit	NASDAQ INC	$0	–	-6,830	–	-0.15%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-12,590	–	-0.19%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-56,650	–	-0.22%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-43,000	–	-0.23%	–
FAF	Exit	FIRST AMERN FINL CORP	$0	–	-28,630	–	-0.26%	–
G	Exit	GENPACT LIMITED	$0	–	-39,740	–	-0.28%	–
INGR	Exit	INGREDION INC	$0	–	-20,970	–	-0.28%	–
ATH	Exit	ATHENE HOLDING LTDcl a	$0	–	-47,530	–	-0.29%	–
RNR	Exit	RENAISSANCERE HLDGS LTD	$0	–	-9,600	–	-0.29%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-14,725	–	-0.30%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-63,820	–	-0.30%	–
WAB	Exit	WABTEC	$0	–	-27,760	–	-0.30%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-54,530	–	-0.32%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-7,705	–	-0.33%	–
AME	Exit	AMETEK INC	$0	–	-18,720	–	-0.33%	–
CONE	Exit	CYRUSONE INC	$0	–	-27,190	–	-0.34%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-74,720	–	-0.34%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-18,370	–	-0.36%	–
IEX	Exit	IDEX CORP	$0	–	-11,160	–	-0.36%	–
WRK	Exit	WESTROCK CO	$0	–	-70,470	–	-0.43%	–
HAS	Exit	HASBRO INC	$0	–	-29,740	–	-0.44%	–
LKQ	Exit	LKQ CORP	$0	–	-90,370	–	-0.44%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-39,580	–	-0.46%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-158,525	–	-0.60%	–
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-323,310	–	-0.63%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-618,900	–	-0.70%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-553,470	–	-0.78%	–
LILA	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-564,855	–	-0.83%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-561,970	–	-0.87%	–
NAVI	Exit	NAVIENT CORPORATION	$0	–	-607,950	–	-0.91%	–
LOCO	Exit	EL POLLO LOCO HLDGS INC	$0	–	-324,464	–	-0.93%	–
HNGR	Exit	HANGER INC	$0	–	-340,730	–	-0.96%	–
OZK	Exit	BANK OZK	$0	–	-254,590	–	-0.96%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-60,340	–	-0.99%	–
ADNT	Exit	ADIENT PLC	$0	–	-321,240	–	-0.99%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-316,340	–	-1.00%	–
AIMC	Exit	ALTRA INDL MOTION CORP	$0	–	-161,360	–	-1.06%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-568,145	–	-1.06%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-173,010	–	-1.09%	–
NEWR	Exit	NEW RELIC INC	$0	–	-109,905	–	-1.10%	–
ESNT	Exit	ESSENT GROUP LTD	$0	–	-167,510	–	-1.10%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-827,658	–	-1.10%	–
NPO	Exit	ENPRO INDS INC	$0	–	-110,480	–	-1.11%	–
WTS	Exit	WATTS WATER TECHNOLOGIES INCcl a	$0	–	-62,710	–	-1.11%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-670,914	–	-1.11%	–
GTES	Exit	GATES INDUSTRIAL CORPRATIN P	$0	–	-569,385	–	-1.12%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-295,970	–	-1.14%	–
EQT	Exit	EQT CORP	$0	–	-498,010	–	-1.14%	–
TEX	Exit	TEREX CORP NEW	$0	–	-334,320	–	-1.15%	–
RXN	Exit	REXNORD CORP	$0	–	-222,000	–	-1.18%	–
VVV	Exit	VALVOLINE INC	$0	–	-350,567	–	-1.18%	–
WNS	Exit	WNS HLDGS LTDspon adr	$0	–	-105,100	–	-1.19%	–
BANR	Exit	BANNER CORP	$0	–	-209,845	–	-1.20%	–
RWT	Exit	REDWOOD TR INC	$0	–	-915,160	–	-1.22%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-308,170	–	-1.25%	–
IAA	Exit	IAA INC	$0	–	-137,520	–	-1.27%	–
APAM	Exit	ARTISAN PARTNERS ASSET MGMTcl a	$0	–	-188,880	–	-1.31%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-306,085	–	-1.34%	–
ARGO	Exit	ARGO GROUP INTL HLDGS LTD	$0	–	-220,596	–	-1.35%	–
BPOP	Exit	POPULAR INC	$0	–	-209,635	–	-1.35%	–
SRCL	Exit	STERICYCLE INC	$0	–	-126,545	–	-1.42%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-364,200	–	-1.44%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-254,755	–	-1.45%	–
CRI	Exit	CARTERS INC	$0	–	-96,030	–	-1.48%	–
DNKN	Exit	DUNKIN BRANDS GROUP INC	$0	–	-104,855	–	-1.52%	–
POST	Exit	POST HLDGS INC	$0	–	-100,730	–	-1.54%	–
QTS	Exit	QTS RLTY TR INC	$0	–	-144,425	–	-1.62%	–
ACC	Exit	AMERICAN CAMPUS CMNTYS INC	$0	–	-265,925	–	-1.65%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-644,540	–	-1.66%	–
SAIL	Exit	SAILPOINT TECHNLGIES HLDGS I	$0	–	-237,120	–	-1.66%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-305,350	–	-1.68%	–
SLM	Exit	SLM CORP	$0	–	-1,176,835	–	-1.69%	–
ELF	Exit	E L F BEAUTY INC	$0	–	-518,990	–	-1.69%	–
DOC	Exit	PHYSICIANS RLTY TR	$0	–	-533,040	–	-1.69%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-327,160	–	-1.71%	–
KEX	Exit	KIRBY CORP	$0	–	-272,915	–	-1.75%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-255,415	–	-1.76%	–
ENS	Exit	ENERSYS	$0	–	-148,630	–	-1.77%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-459,200	–	-1.82%	–
WBS	Exit	WEBSTER FINL CORP CONN	$0	–	-391,710	–	-1.84%	–
IDA	Exit	IDACORP INC	$0	–	-131,095	–	-1.86%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-807,520	–	-2.06%	–
POLY	Exit	PLANTRONICS INC NEW	$0	–	-992,559	–	-2.08%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-230,530	–	-2.18%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-266,915	–	-2.24%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-313,670	–	-2.26%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-711,560	–	-2.27%	–
MIK	Exit	MICHAELS COS INC	$0	–	-1,460,905	–	-2.50%	–
DBD	Exit	DIEBOLD NXDF INC	$0	–	-2,282,585	–	-3.09%	–

Q3 2020

			Value		Shares		↓ Weighting
DBD	Sell	DIEBOLD NXDF INC	$17,439,000	-12.5%	2,282,585	-30.6%	3.09%	-15.6%
MIK	Sell	MICHAELS COS INC	$14,105,000	+17.0%	1,460,905	-14.3%	2.50%	+12.8%
CPRI	Buy	CAPRI HOLDINGS LIMITED	$12,808,000	+70.1%	711,560	+47.7%	2.27%	+64.1%
THS	Buy	TREEHOUSE FOODS INC	$12,713,000	+2.1%	313,670	+10.4%	2.26%	-1.5%
IART	Buy	INTEGRA LIFESCIENCES HLDGS C	$12,604,000	+26.1%	266,915	+25.5%	2.24%	+21.7%
SYNH	Buy	SYNEOS HEALTH INCcl a	$12,255,000	+22.6%	230,530	+34.3%	2.18%	+18.3%
POLY	Sell	PLANTRONICS INC NEW	$11,752,000	-21.7%	992,559	-2.9%	2.08%	-24.5%
KAR	Buy	KAR AUCTION SVCS INC	$11,628,000	+10.6%	807,520	+5.7%	2.06%	+6.7%
IDA	Buy	IDACORP INC	$10,474,000	+15.0%	131,095	+25.7%	1.86%	+10.9%
WBS	Buy	WEBSTER FINL CORP CONN	$10,345,000	+10.9%	391,710	+20.2%	1.84%	+7.1%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$10,231,000	-6.1%	459,200	+2.8%	1.82%	-9.4%
ENS	Buy	ENERSYS	$9,976,000	+41.5%	148,630	+35.7%	1.77%	+36.6%
SEE	Sell	SEALED AIR CORP NEW	$9,913,000	+15.8%	255,415	-1.9%	1.76%	+11.8%
KEX	Buy	KIRBY CORP	$9,871,000	+30.3%	272,915	+92.9%	1.75%	+25.8%
ACHC	Buy	ACADIA HEALTHCARE COMPANY IN	$9,645,000	+18.2%	327,160	+0.7%	1.71%	+14.0%
DOC	Sell	PHYSICIANS RLTY TR	$9,547,000	-6.6%	533,040	-8.7%	1.69%	-9.9%
ELF	Sell	E L F BEAUTY INC	$9,534,000	-23.0%	518,990	-20.1%	1.69%	-25.7%
SLM	Buy	SLM CORP	$9,521,000	+19.9%	1,176,835	+4.2%	1.69%	+15.6%
BECN	Sell	BEACON ROOFING SUPPLY INC	$9,487,000	-9.4%	305,350	-23.1%	1.68%	-12.6%
SAIL	Sell	SAILPOINT TECHNLGIES HLDGS I	$9,383,000	+24.4%	237,120	-16.8%	1.66%	+20.0%
OUT	Buy	OUTFRONT MEDIA INC	$9,378,000	+3.3%	644,540	+0.6%	1.66%	-0.4%
ACC	Sell	AMERICAN CAMPUS CMNTYS INC	$9,286,000	-0.7%	265,925	-0.6%	1.65%	-4.2%
QTS	Buy	QTS RLTY TR INC	$9,102,000	+47.1%	144,425	+49.6%	1.62%	+41.9%
POST	Buy	POST HLDGS INC	$8,663,000	-1.3%	100,730	+0.5%	1.54%	-4.8%
DNKN	Sell	DUNKIN BRANDS GROUP INC	$8,589,000	-15.8%	104,855	-32.9%	1.52%	-18.7%
CRI	New	CARTERS INC	$8,314,000	–	96,030	–	1.48%	–
GBCI	Buy	GLACIER BANCORP INC NEW	$8,165,000	-8.6%	254,755	+0.7%	1.45%	-11.8%
USFD	Sell	US FOODS HLDG CORP	$8,093,000	-4.6%	364,200	-15.3%	1.44%	-7.9%
SRCL	Sell	STERICYCLE INC	$7,980,000	-27.3%	126,545	-35.4%	1.42%	-29.8%
BPOP	Buy	POPULAR INC	$7,603,000	+14.3%	209,635	+17.2%	1.35%	+10.3%
ARGO	Buy	ARGO GROUP INTL HLDGS LTD	$7,595,000	+44.6%	220,596	+46.3%	1.35%	+39.5%
NVST	Sell	ENVISTA HOLDINGS CORPORATION	$7,554,000	-0.4%	306,085	-14.9%	1.34%	-3.9%
APAM	Sell	ARTISAN PARTNERS ASSET MGMTcl a	$7,364,000	+4.0%	188,880	-13.3%	1.31%	+0.4%
IAA	Sell	IAA INC	$7,161,000	-1.9%	137,520	-27.3%	1.27%	-5.4%
ABCB	Buy	AMERIS BANCORP	$7,020,000	+18.9%	308,170	+23.2%	1.25%	+14.7%
RWT	Buy	REDWOOD TR INC	$6,882,000	+8.2%	915,160	+0.7%	1.22%	+4.4%
BANR	Buy	BANNER CORP	$6,770,000	+12.6%	209,845	+32.6%	1.20%	+8.6%
WNS	Buy	WNS HLDGS LTDspon adr	$6,722,000	+16.6%	105,100	+0.2%	1.19%	+12.5%
VVV	Buy	VALVOLINE INC	$6,675,000	-0.8%	350,567	+0.7%	1.18%	-4.4%
RXN	New	REXNORD CORP	$6,624,000	–	222,000	–	1.18%	–
TEX	Buy	TEREX CORP NEW	$6,472,000	+3.8%	334,320	+0.7%	1.15%	+0.1%
EQT	New	EQT CORP	$6,439,000	–	498,010	–	1.14%	–
CATY	Buy	CATHAY GEN BANCORP	$6,417,000	-6.5%	295,970	+13.4%	1.14%	-9.8%
GTES	Buy	GATES INDUSTRIAL CORPRATIN P	$6,332,000	+8.9%	569,385	+0.7%	1.12%	+5.1%
PE	Buy	PARSLEY ENERGY INCcl a	$6,280,000	+6.9%	670,914	+22.0%	1.11%	+3.1%
WTS	Sell	WATTS WATER TECHNOLOGIES INCcl a	$6,280,000	+1.8%	62,710	-17.7%	1.11%	-1.9%
NPO	Sell	ENPRO INDS INC	$6,232,000	-0.9%	110,480	-13.4%	1.11%	-4.4%
VNOM	Buy	VIPER ENERGY PARTNERS LP	$6,224,000	+22.7%	827,658	+69.1%	1.10%	+18.3%
ESNT	Buy	ESSENT GROUP LTD	$6,200,000	+2.7%	167,510	+0.6%	1.10%	-1.0%
NEWR	Buy	NEW RELIC INC	$6,194,000	-17.6%	109,905	+0.7%	1.10%	-20.5%
POR	Buy	PORTLAND GEN ELEC CO	$6,142,000	+27.3%	173,010	+50.0%	1.09%	+22.9%
STL	Buy	STERLING BANCORP DEL	$5,977,000	+10.1%	568,145	+22.7%	1.06%	+6.3%
AIMC	Sell	ALTRA INDL MOTION CORP	$5,965,000	-1.1%	161,360	-14.8%	1.06%	-4.7%
DXC	Buy	DXC TECHNOLOGY CO	$5,647,000	+9.0%	316,340	+0.7%	1.00%	+5.1%
ADNT	Buy	ADIENT PLC	$5,567,000	+41.8%	321,240	+34.3%	0.99%	+36.8%
LECO	Sell	LINCOLN ELEC HLDGS INC	$5,554,000	-10.8%	60,340	-18.4%	0.99%	-13.9%
OZK	Buy	BANK OZK	$5,428,000	+32.3%	254,590	+45.6%	0.96%	+27.5%
HNGR	Buy	HANGER INC	$5,390,000	-3.1%	340,730	+1.4%	0.96%	-6.5%
LOCO	Sell	EL POLLO LOCO HLDGS INC	$5,256,000	-17.3%	324,464	-24.7%	0.93%	-20.2%
NAVI	Buy	NAVIENT CORPORATION	$5,137,000	+21.1%	607,950	+0.7%	0.91%	+16.9%
ATI	Buy	ALLEGHENY TECHNOLOGIES INC	$4,900,000	-13.9%	561,970	+0.7%	0.87%	-16.9%
LILA	Buy	LIBERTY LATIN AMERICA LTD	$4,660,000	+18.9%	564,855	+40.1%	0.83%	+14.7%
CHX	Buy	CHAMPIONX CORPORATION	$4,422,000	-17.6%	553,470	+0.7%	0.78%	-20.5%
DESP	Buy	DESPEGAR COM CORP	$3,936,000	+14.0%	618,900	+28.7%	0.70%	+9.9%
REZI	Sell	RESIDEO TECHNOLOGIES INC	$3,556,000	-25.4%	323,310	-20.5%	0.63%	-28.0%
AGO	Buy	ASSURED GUARANTY LTD	$3,405,000	-11.3%	158,525	+0.8%	0.60%	-14.4%
EHC	Sell	ENCOMPASS HEALTH CORP	$2,572,000	-2.0%	39,580	-6.6%	0.46%	-5.6%
LKQ	Sell	LKQ CORP	$2,506,000	-11.5%	90,370	-16.4%	0.44%	-14.6%
HAS	Buy	HASBRO INC	$2,460,000	+14.1%	29,740	+3.4%	0.44%	+10.1%
CONE	Buy	CYRUSONE INC	$1,904,000	+30.1%	27,190	+35.2%	0.34%	+25.7%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$1,835,000	+18.5%	7,705	+25.2%	0.33%	+14.4%
IRM	Sell	IRON MTN INC NEW	$1,710,000	-12.4%	63,820	-14.6%	0.30%	-15.6%
DGX	Buy	QUEST DIAGNOSTICS INC	$1,686,000	+41.2%	14,725	+40.6%	0.30%	+35.9%
RNR	Sell	RENAISSANCERE HLDGS LTD	$1,630,000	-12.6%	9,600	-11.9%	0.29%	-15.7%
ATH	Buy	ATHENE HOLDING LTDcl a	$1,620,000	+28.8%	47,530	+17.9%	0.29%	+24.2%
INGR	Buy	INGREDION INC	$1,587,000	+8.8%	20,970	+19.4%	0.28%	+5.2%
FAF	Sell	FIRST AMERN FINL CORP	$1,458,000	-13.8%	28,630	-18.7%	0.26%	-16.7%
FANG	Buy	DIAMONDBACK ENERGY INC	$1,295,000	+0.4%	43,000	+39.4%	0.23%	-3.0%
PXD	New	PIONEER NAT RES CO	$1,083,000	–	12,590	–	0.19%	–
NDAQ	Sell	NASDAQ INC	$838,000	-44.4%	6,830	-45.9%	0.15%	-46.2%
CXO	Exit	CONCHO RES INC	$0	–	-22,810	–	-0.22%	–
WPX	Exit	WPX ENERGY INC	$0	–	-738,990	–	-0.87%	–
PLAY	Exit	DAVE & BUSTERS ENTMT INC	$0	–	-378,800	–	-0.93%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-572,850	–	-0.94%	–
SABR	Exit	SABRE CORP	$0	–	-682,320	–	-1.01%	–
MSM	Exit	MSC INDL DIRECT INCcl a	$0	–	-76,060	–	-1.02%	–

Q2 2020

			Value		Shares		↓ Weighting
DBD	New	DIEBOLD NXDF INC	$19,919,000	–	3,286,925	–	3.66%	–
POLY	New	PLANTRONICS INC NEW	$15,009,000	–	1,022,398	–	2.76%	–
THS	New	TREEHOUSE FOODS INC	$12,450,000	–	284,240	–	2.29%	–
ELF	New	E L F BEAUTY INC	$12,388,000	–	649,630	–	2.28%	–
MIK	New	MICHAELS COS INC	$12,057,000	–	1,705,320	–	2.22%	–
SRCL	New	STERICYCLE INC	$10,972,000	–	195,995	–	2.02%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$10,890,000	–	446,500	–	2.00%	–
KAR	New	KAR AUCTION SVCS INC	$10,509,000	–	763,700	–	1.93%	–
BECN	New	BEACON ROOFING SUPPLY INC	$10,467,000	–	396,935	–	1.92%	–
DOC	New	PHYSICIANS RLTY TR	$10,224,000	–	583,540	–	1.88%	–
DNKN	New	DUNKIN BRANDS GROUP INC	$10,195,000	–	156,290	–	1.88%	–
SYNH	New	SYNEOS HEALTH INCcl a	$9,997,000	–	171,630	–	1.84%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$9,995,000	–	212,705	–	1.84%	–
ACC	New	AMERICAN CAMPUS CMNTYS INC	$9,356,000	–	267,625	–	1.72%	–
WBS	New	WEBSTER FINL CORP CONN	$9,326,000	–	325,960	–	1.72%	–
IDA	New	IDACORP INC	$9,110,000	–	104,264	–	1.68%	–
OUT	New	OUTFRONT MEDIA INC	$9,078,000	–	640,640	–	1.67%	–
GBCI	New	GLACIER BANCORP INC NEW	$8,930,000	–	253,055	–	1.64%	–
POST	New	POST HLDGS INC	$8,780,000	–	100,200	–	1.62%	–
SEE	New	SEALED AIR CORP NEW	$8,557,000	–	260,485	–	1.57%	–
USFD	New	US FOODS HLDG CORP	$8,484,000	–	430,200	–	1.56%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$8,160,000	–	324,860	–	1.50%	–
SLM	New	SLM CORP	$7,942,000	–	1,129,685	–	1.46%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$7,586,000	–	359,690	–	1.40%	–
KEX	New	KIRBY CORP	$7,576,000	–	141,450	–	1.39%	–
SAIL	New	SAILPOINT TECHNLGIES HLDGS I	$7,542,000	–	284,910	–	1.39%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$7,529,000	–	481,710	–	1.38%	–
NEWR	New	NEW RELIC INC	$7,517,000	–	109,105	–	1.38%	–
IAA	New	IAA INC	$7,300,000	–	189,275	–	1.34%	–
APAM	New	ARTISAN PARTNERS ASSET MGMTcl a	$7,078,000	–	217,790	–	1.30%	–
ENS	New	ENERSYS	$7,049,000	–	109,495	–	1.30%	–
CATY	New	CATHAY GEN BANCORP	$6,866,000	–	261,070	–	1.26%	–
VVV	New	VALVOLINE INC	$6,729,000	–	348,117	–	1.24%	–
BPOP	New	POPULAR INC	$6,651,000	–	178,945	–	1.22%	–
RWT	New	REDWOOD TR INC	$6,361,000	–	908,660	–	1.17%	–
LOCO	New	EL POLLO LOCO HLDGS INC	$6,356,000	–	430,644	–	1.17%	–
NPO	New	ENPRO INDS INC	$6,289,000	–	127,593	–	1.16%	–
TEX	New	TEREX CORP NEW	$6,234,000	–	332,120	–	1.15%	–
LECO	New	LINCOLN ELEC HLDGS INC	$6,227,000	–	73,915	–	1.14%	–
QTS	New	QTS RLTY TR INC	$6,189,000	–	96,565	–	1.14%	–
WTS	New	WATTS WATER TECHNOLOGIES INCcl a	$6,171,000	–	76,180	–	1.14%	–
ESNT	New	ESSENT GROUP LTD	$6,038,000	–	166,460	–	1.11%	–
AIMC	New	ALTRA INDL MOTION CORP	$6,034,000	–	189,400	–	1.11%	–
BANR	New	BANNER CORP	$6,012,000	–	158,210	–	1.11%	–
ABCB	New	AMERIS BANCORP	$5,903,000	–	250,220	–	1.09%	–
PE	New	PARSLEY ENERGY INCcl a	$5,872,000	–	549,814	–	1.08%	–
GTES	New	GATES INDUSTRIAL CORPRATIN P	$5,815,000	–	565,685	–	1.07%	–
WNS	New	WNS HLDGS LTDspon adr	$5,765,000	–	104,850	–	1.06%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$5,688,000	–	558,170	–	1.05%	–
HNGR	New	HANGER INC	$5,563,000	–	335,930	–	1.02%	–
MSM	New	MSC INDL DIRECT INCcl a	$5,538,000	–	76,060	–	1.02%	–
SABR	New	SABRE CORP	$5,499,000	–	682,320	–	1.01%	–
STL	New	STERLING BANCORP DEL	$5,428,000	–	463,145	–	1.00%	–
CHX	New	CHAMPIONX CORPORATION	$5,365,000	–	549,720	–	0.99%	–
ARGO	New	ARGO GROUP INTL HLDGS LTD	$5,252,000	–	150,796	–	0.97%	–
DXC	New	DXC TECHNOLOGY CO	$5,182,000	–	314,090	–	0.95%	–
NBL	New	NOBLE ENERGY INC	$5,133,000	–	572,850	–	0.94%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$5,071,000	–	489,500	–	0.93%	–
PLAY	New	DAVE & BUSTERS ENTMT INC	$5,049,000	–	378,800	–	0.93%	–
POR	New	PORTLAND GEN ELEC CO	$4,823,000	–	115,360	–	0.89%	–
REZI	New	RESIDEO TECHNOLOGIES INC	$4,764,000	–	406,460	–	0.88%	–
WPX	New	WPX ENERGY INC	$4,715,000	–	738,990	–	0.87%	–
NAVI	New	NAVIENT CORPORATION	$4,243,000	–	603,600	–	0.78%	–
OZK	New	BANK OZK	$4,103,000	–	174,820	–	0.76%	–
ADNT	New	ADIENT PLC	$3,927,000	–	239,140	–	0.72%	–
LILA	New	LIBERTY LATIN AMERICA LTD	$3,920,000	–	403,305	–	0.72%	–
AGO	New	ASSURED GUARANTY LTD	$3,840,000	–	157,325	–	0.71%	–
DESP	New	DESPEGAR COM CORP	$3,453,000	–	480,890	–	0.64%	–
LKQ	New	LKQ CORP	$2,833,000	–	108,120	–	0.52%	–
EHC	New	ENCOMPASS HEALTH CORP	$2,625,000	–	42,380	–	0.48%	–
HAS	New	HASBRO INC	$2,156,000	–	28,760	–	0.40%	–
WRK	New	WESTROCK CO	$1,991,000	–	70,470	–	0.37%	–
HTA	New	HEALTHCARE TR AMER INCcl a new	$1,982,000	–	74,720	–	0.36%	–
EWBC	New	EAST WEST BANCORP INC	$1,976,000	–	54,530	–	0.36%	–
IRM	New	IRON MTN INC NEW	$1,951,000	–	74,770	–	0.36%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$1,947,000	–	18,370	–	0.36%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$1,864,000	–	10,900	–	0.34%	–
IEX	New	IDEX CORP	$1,764,000	–	11,160	–	0.32%	–
FAF	New	FIRST AMERN FINL CORP	$1,691,000	–	35,220	–	0.31%	–
AME	New	AMETEK INC	$1,673,000	–	18,720	–	0.31%	–
WAB	New	WABTEC	$1,598,000	–	27,760	–	0.29%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$1,548,000	–	6,155	–	0.28%	–
NDAQ	New	NASDAQ INC	$1,508,000	–	12,620	–	0.28%	–
CONE	New	CYRUSONE INC	$1,463,000	–	20,110	–	0.27%	–
INGR	New	INGREDION INC	$1,458,000	–	17,570	–	0.27%	–
G	New	GENPACT LIMITED	$1,451,000	–	39,740	–	0.27%	–
FANG	New	DIAMONDBACK ENERGY INC	$1,290,000	–	30,850	–	0.24%	–
AXTA	New	AXALTA COATING SYS LTD	$1,277,000	–	56,650	–	0.24%	–
ATH	New	ATHENE HLDG LTDcl a	$1,258,000	–	40,330	–	0.23%	–
DGX	New	QUEST DIAGNOSTICS INC	$1,194,000	–	10,475	–	0.22%	–
CXO	New	CONCHO RES INC	$1,175,000	–	22,810	–	0.22%	–

Q4 2019

			Value		Shares		↓ Weighting
CXO	Exit	CONCHO RES INC	$0	–	-20,325	–	-0.19%	–
NDAQ	Exit	NASDAQ INC	$0	–	-14,460	–	-0.20%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO	$0	–	-22,370	–	-0.31%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-7,855	–	-0.31%	–
DVA	Exit	DAVITA INC	$0	–	-40,795	–	-0.32%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-139,310	–	-0.32%	–
SABR	Exit	SABRE CORP	$0	–	-104,260	–	-0.32%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-57,275	–	-0.33%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-82,030	–	-0.34%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-115,950	–	-0.36%	–
ASNA	Exit	ASCENA RETAIL GROUP INC	$0	–	-9,930,970	–	-0.36%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-32,530	–	-0.41%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-106,200	–	-0.43%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-50,820	–	-0.45%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-30,070	–	-0.45%	–
ACC	Exit	AMERICAN CAMPUS CMNTYS INC	$0	–	-67,275	–	-0.45%	–
VVV	Exit	VALVOLINE INC	$0	–	-150,100	–	-0.46%	–
INGR	Exit	INGREDION INC	$0	–	-40,630	–	-0.46%	–
AME	Exit	AMETEK INC NEW	$0	–	-37,520	–	-0.48%	–
WAB	Exit	WABTEC CORP	$0	–	-48,755	–	-0.49%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-79,005	–	-0.49%	–
ATH	Exit	ATHENE HLDG LTDcl a	$0	–	-83,640	–	-0.49%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-110,700	–	-0.50%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-65,655	–	-0.50%	–
WRK	Exit	WESTROCK CO	$0	–	-102,280	–	-0.52%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-38,725	–	-0.52%	–
ZION	Exit	ZIONS BANCORPORATION N A	$0	–	-86,120	–	-0.53%	–
WH	Exit	WYNDHAM HOTELS & RESORTS INC	$0	–	-74,455	–	-0.54%	–
LKQ	Exit	LKQ CORP	$0	–	-137,710	–	-0.60%	–
FET	Exit	FORUM ENERGY TECHNOLOGIES IN	$0	–	-2,840,920	–	-0.61%	–
NAVI	Exit	NAVIENT CORPORATION	$0	–	-420,400	–	-0.75%	–
LILA	Exit	LIBERTY LATIN AMERICA LTD	$0	–	-316,445	–	-0.75%	–
ADNT	Exit	ADIENT PLC	$0	–	-241,560	–	-0.77%	–
NTUS	Exit	NATUS MEDICAL INC	$0	–	-189,520	–	-0.84%	–
BPOP	Exit	POPULAR INC	$0	–	-112,205	–	-0.84%	–
MSM	Exit	MSC INDL DIRECT INCcl a	$0	–	-85,115	–	-0.86%	–
NPO	Exit	ENPRO INDS INC	$0	–	-90,660	–	-0.87%	–
MD	Exit	MEDNAX INC	$0	–	-276,370	–	-0.87%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-220,260	–	-0.92%	–
REZI	Exit	RESIDEO TECHNOLOGIES INC	$0	–	-478,400	–	-0.96%	–
RGP	Exit	RESOURCES CONNECTION INC	$0	–	-411,554	–	-0.97%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-159,295	–	-0.98%	–
LOCO	Exit	EL POLLO LOCO HLDGS INC	$0	–	-655,950	–	-1.00%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-183,100	–	-1.02%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-211,440	–	-1.02%	–
APAM	Exit	ARTISAN PARTNERS ASSET MGMTcl a	$0	–	-260,260	–	-1.02%	–
AL	Exit	AIR LEASE CORPcl a	$0	–	-176,510	–	-1.03%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC	$0	–	-288,175	–	-1.09%	–
IAA	Exit	IAA INC	$0	–	-192,215	–	-1.12%	–
SLM	Exit	SLM CORP	$0	–	-914,850	–	-1.12%	–
ESNT	Exit	ESSENT GROUP LTD	$0	–	-171,450	–	-1.14%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-738,255	–	-1.16%	–
ELF	Exit	E L F BEAUTY INC	$0	–	-481,540	–	-1.17%	–
GTES	Exit	GATES INDUSTRIAL CORPRATIN P	$0	–	-877,840	–	-1.23%	–
ARGO	Exit	ARGO GROUP INTL HLDGS LTD	$0	–	-127,956	–	-1.25%	–
FG	Exit	FGL HLDGS	$0	–	-1,141,950	–	-1.27%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-307,580	–	-1.33%	–
PRTY	Exit	PARTY CITY HOLDCO INC	$0	–	-1,704,700	–	-1.35%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-163,510	–	-1.37%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-486,590	–	-1.37%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-196,400	–	-1.45%	–
AIMC	Exit	ALTRA INDL MOTION CORP	$0	–	-380,880	–	-1.47%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-265,290	–	-1.49%	–
OZK	Exit	BANK OZK	$0	–	-396,010	–	-1.50%	–
QTS	Exit	QTS RLTY TR INC	$0	–	-214,180	–	-1.53%	–
WTFC	Exit	WINTRUST FINL CORP	$0	–	-172,200	–	-1.55%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-427,115	–	-1.64%	–
RWT	Exit	REDWOOD TR INC	$0	–	-739,920	–	-1.69%	–
WPX	Exit	WPX ENERGY INC	$0	–	-1,185,950	–	-1.75%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-627,585	–	-1.75%	–
NWE	Exit	NORTHWESTERN CORP	$0	–	-169,130	–	-1.76%	–
DOC	Exit	PHYSICIANS RLTY TR	$0	–	-744,610	–	-1.84%	–
PLAY	Exit	DAVE & BUSTERS ENTMT INC	$0	–	-392,615	–	-2.13%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-559,910	–	-2.16%	–
FHB	Exit	FIRST HAWAIIAN INC	$0	–	-584,626	–	-2.17%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-501,000	–	-2.31%	–
POLY	Exit	PLANTRONICS INC NEW	$0	–	-492,925	–	-2.56%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-629,199	–	-2.59%	–
POST	Exit	POST HLDGS INC	$0	–	-178,415	–	-2.63%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-341,680	–	-2.64%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-643,015	–	-3.00%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-926,650	–	-3.16%	–
MIK	Exit	MICHAELS COS INC	$0	–	-2,389,065	–	-3.25%	–
SRCL	Exit	STERICYCLE INC	$0	–	-472,233	–	-3.34%	–
DBD	Exit	DIEBOLD NXDF INC	$0	–	-2,843,741	–	-4.43%	–

Q3 2019

			Value		Shares		↓ Weighting
DBD	Sell	DIEBOLD NXDF INC	$31,850,000	-4.7%	2,843,741	-22.1%	4.43%	-2.7%
SRCL	Sell	STERICYCLE INC	$24,051,000	+6.6%	472,233	-0.0%	3.34%	+8.9%
MIK	Buy	MICHAELS COS INC	$23,389,000	+30.2%	2,389,065	+15.7%	3.25%	+33.0%
KAR	Buy	KAR AUCTION SVCS INC	$22,749,000	+32.7%	926,650	+35.1%	3.16%	+35.5%
BECN	Buy	BEACON ROOFING SUPPLY INC	$21,560,000	+24.9%	643,015	+36.8%	3.00%	+27.6%
THS	Buy	TREEHOUSE FOODS INC	$18,946,000	+27.9%	341,680	+24.8%	2.64%	+30.6%
POST	Buy	POST HLDGS INC	$18,883,000	+203.8%	178,415	+198.5%	2.63%	+210.0%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$18,649,000	+23.1%	629,199	+41.0%	2.59%	+25.7%
POLY	New	PLANTRONICS INC NEW	$18,396,000	–	492,925	–	2.56%	–
CPRI	Buy	CAPRI HOLDINGS LIMITED	$16,613,000	+374.4%	501,000	+396.1%	2.31%	+384.5%
FHB	Sell	FIRST HAWAIIAN INC	$15,610,000	+3.2%	584,626	-0.0%	2.17%	+5.3%
OUT	Sell	OUTFRONT MEDIA INC	$15,554,000	+7.7%	559,910	-0.1%	2.16%	+9.9%
PLAY	Sell	DAVE & BUSTERS ENTMT INC	$15,292,000	-29.7%	392,615	-26.9%	2.13%	-28.2%
DOC	Buy	PHYSICIANS RLTY TR	$13,217,000	+23.7%	744,610	+21.5%	1.84%	+26.2%
NWE	Sell	NORTHWESTERN CORP	$12,693,000	+4.0%	169,130	-0.0%	1.76%	+6.2%
STL	Sell	STERLING BANCORP DEL	$12,589,000	-26.2%	627,585	-21.7%	1.75%	-24.6%
WPX	Buy	WPX ENERGY INC	$12,559,000	+35.9%	1,185,950	+47.8%	1.75%	+38.9%
RWT	Sell	REDWOOD TR INC	$12,142,000	-0.9%	739,920	-0.2%	1.69%	+1.2%
VNOM	Buy	VIPER ENERGY PARTNERS LP	$11,818,000	+8.4%	427,115	+20.7%	1.64%	+10.7%
WTFC	Sell	WINTRUST FINL CORP	$11,129,000	-11.8%	172,200	-0.2%	1.55%	-9.9%
QTS	Buy	QTS RLTY TR INC	$11,011,000	+69.6%	214,180	+52.3%	1.53%	+73.0%
OZK	Buy	BANK OZK	$10,799,000	+9.7%	396,010	+21.1%	1.50%	+12.1%
GBCI	Buy	GLACIER BANCORP INC NEW	$10,734,000	+87.8%	265,290	+88.2%	1.49%	+91.7%
AIMC	Buy	ALTRA INDL MOTION CORP	$10,548,000	+13.3%	380,880	+46.8%	1.47%	+15.7%
SYNH	Sell	SYNEOS HEALTH INCcl a	$10,450,000	-47.6%	196,400	-49.7%	1.45%	-46.5%
ATI	New	ALLEGHENY TECHNOLOGIES INC	$9,853,000	–	486,590	–	1.37%	–
IART	Sell	INTEGRA LIFESCIENCES HLDGS C	$9,822,000	+7.4%	163,510	-0.2%	1.37%	+9.6%
PRTY	Buy	PARTY CITY HOLDCO INC	$9,734,000	+29.1%	1,704,700	+65.8%	1.35%	+31.8%
ACHC	Buy	ACADIA HEALTHCARE COMPANY IN	$9,560,000	+4.8%	307,580	+17.8%	1.33%	+7.0%
FG	Sell	FGL HLDGS	$9,113,000	-5.2%	1,141,950	-0.2%	1.27%	-3.2%
ARGO	Sell	ARGO GROUP INTL HLDGS LTD	$8,988,000	-5.3%	127,956	-0.2%	1.25%	-3.3%
GTES	Buy	GATES INDUSTRIAL CORPRATIN P	$8,840,000	+15.5%	877,840	+30.9%	1.23%	+17.8%
ELF	Sell	E L F BEAUTY INC	$8,432,000	-25.9%	481,540	-40.4%	1.17%	-24.4%
DESP	Sell	DESPEGAR COM CORP	$8,357,000	-30.9%	738,255	-15.2%	1.16%	-29.4%
ESNT	Sell	ESSENT GROUP LTD	$8,173,000	+1.2%	171,450	-0.2%	1.14%	+3.4%
SLM	New	SLM CORP	$8,074,000	–	914,850	–	1.12%	–
IAA	Sell	IAA INC	$8,021,000	-44.3%	192,215	-48.2%	1.12%	-43.1%
CBPX	Sell	CONTINENTAL BLDG PRODS INC	$7,864,000	+2.5%	288,175	-0.2%	1.09%	+4.7%
AL	Sell	AIR LEASE CORPcl a	$7,382,000	-14.3%	176,510	-15.3%	1.03%	-12.4%
APAM	Sell	ARTISAN PARTNERS ASSET MGMTcl a	$7,350,000	-16.0%	260,260	-18.2%	1.02%	-14.3%
CATY	Buy	CATHAY GEN BANCORP	$7,344,000	+28.8%	211,440	+33.2%	1.02%	+31.6%
RBA	Sell	RITCHIE BROS AUCTIONEERS	$7,306,000	-15.7%	183,100	-29.9%	1.02%	-14.0%
LOCO	Sell	EL POLLO LOCO HLDGS INC	$7,189,000	+2.6%	655,950	-0.2%	1.00%	+4.8%
AGO	Sell	ASSURED GUARANTY LTD	$7,082,000	+5.5%	159,295	-0.2%	0.98%	+7.8%
RGP	Sell	RESOURCES CONNECTION INC	$6,992,000	+5.9%	411,554	-0.2%	0.97%	+8.1%
REZI	New	RESIDEO TECHNOLOGIES INC	$6,865,000	–	478,400	–	0.96%	–
SLGN	Sell	SILGAN HOLDINGS INC	$6,616,000	-2.0%	220,260	-0.2%	0.92%	0.0%
MD	Sell	MEDNAX INC	$6,251,000	-35.9%	276,370	-28.5%	0.87%	-34.6%
NPO	Sell	ENPRO INDS INC	$6,224,000	-18.9%	90,660	-24.6%	0.87%	-17.2%
MSM	New	MSC INDL DIRECT INCcl a	$6,173,000	–	85,115	–	0.86%	–
BPOP	Sell	POPULAR INC	$6,068,000	-0.5%	112,205	-0.2%	0.84%	+1.7%
NTUS	Sell	NATUS MEDICAL INC	$6,034,000	-21.7%	189,520	-36.8%	0.84%	-20.1%
ADNT	Sell	ADIENT PLC	$5,546,000	-20.3%	241,560	-15.7%	0.77%	-18.6%
LILA	Sell	LIBERTY LATIN AMERICA LTD	$5,402,000	-1.1%	316,445	-0.2%	0.75%	+0.9%
NAVI	Sell	NAVIENT CORPORATION	$5,381,000	-27.9%	420,400	-23.1%	0.75%	-26.4%
FET	Buy	FORUM ENERGY TECHNOLOGIES IN	$4,403,000	-54.6%	2,840,920	+0.3%	0.61%	-53.6%
LKQ	Buy	LKQ CORP	$4,331,000	+19.2%	137,710	+0.9%	0.60%	+21.6%
WH	Buy	WYNDHAM HOTELS & RESORTS INC	$3,852,000	+33.5%	74,455	+43.9%	0.54%	+36.4%
ZION	Buy	ZIONS BANCORPORATION N A	$3,834,000	+5.4%	86,120	+8.8%	0.53%	+7.5%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$3,745,000	+8.0%	38,725	+9.1%	0.52%	+10.4%
WRK	Buy	WESTROCK CO	$3,728,000	+0.5%	102,280	+0.5%	0.52%	+2.6%
AER	Buy	AERCAP HOLDINGS NV	$3,595,000	+5.8%	65,655	+0.5%	0.50%	+8.0%
IRM	Buy	IRON MTN INC NEW	$3,586,000	+16.7%	110,700	+12.7%	0.50%	+19.1%
ATH	Buy	ATHENE HLDG LTDcl a	$3,518,000	-1.8%	83,640	+0.6%	0.49%	+0.2%
EWBC	Buy	EAST WEST BANCORP INC	$3,499,000	+4.9%	79,005	+10.8%	0.49%	+7.3%
WAB	Buy	WABTEC CORP	$3,504,000	+0.7%	48,755	+0.5%	0.49%	+2.7%
AME	Buy	AMETEK INC NEW	$3,445,000	+1.7%	37,520	+0.6%	0.48%	+3.7%
INGR	Buy	INGREDION INC	$3,321,000	-0.4%	40,630	+0.5%	0.46%	+1.8%
VVV	Sell	VALVOLINE INC	$3,307,000	-59.0%	150,100	-63.7%	0.46%	-58.1%
ACC	Buy	AMERICAN CAMPUS CMNTYS INC	$3,235,000	+4.7%	67,275	+0.5%	0.45%	+6.9%
DGX	Buy	QUEST DIAGNOSTICS INC	$3,218,000	+5.7%	30,070	+0.5%	0.45%	+8.0%
EHC	Buy	ENCOMPASS HEALTH CORP	$3,216,000	+0.4%	50,820	+0.6%	0.45%	+2.5%
HTA	Buy	HEALTHCARE TR AMER INCcl a new	$3,120,000	+7.7%	106,200	+0.6%	0.43%	+9.9%
FANG	Buy	DIAMONDBACK ENERGY INC	$2,925,000	-4.3%	32,530	+16.0%	0.41%	-2.2%
ASNA	Sell	ASCENA RETAIL GROUP INC	$2,623,000	-58.6%	9,930,970	-4.5%	0.36%	-57.8%
NBL	Buy	NOBLE ENERGY INC	$2,604,000	+0.8%	115,950	+0.5%	0.36%	+2.8%
AXTA	Sell	AXALTA COATING SYS LTD	$2,473,000	-13.1%	82,030	-14.1%	0.34%	-11.1%
USFD	Sell	US FOODS HLDG CORP	$2,354,000	-2.1%	57,275	-14.8%	0.33%	0.0%
SABR	Sell	SABRE CORP	$2,335,000	-20.5%	104,260	-21.2%	0.32%	-18.8%
PE	Buy	PARSLEY ENERGY INCcl a	$2,340,000	-11.2%	139,310	+0.5%	0.32%	-9.5%
DVA	Sell	DAVITA INC	$2,328,000	-32.9%	40,795	-33.9%	0.32%	-31.5%
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$2,253,000	-11.6%	7,855	-13.4%	0.31%	-9.8%
RS	Sell	RELIANCE STEEL & ALUMINUM CO	$2,229,000	-26.5%	22,370	-30.2%	0.31%	-24.9%
NDAQ	Sell	NASDAQ INC	$1,437,000	-29.0%	14,460	-31.3%	0.20%	-27.5%
CXO	New	CONCHO RES INC	$1,380,000	–	20,325	–	0.19%	–
CXW	Exit	CORECIVIC INC	$0	–	-265,340	–	-0.75%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-305,210	–	-0.78%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION	$0	–	-150,125	–	-0.82%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-379,750	–	-1.18%	–
CADE	Exit	CADENCE BANCORPORATIONcl a	$0	–	-437,620	–	-1.24%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-114,810	–	-1.56%	–
CARS	Exit	CARS COM INC	$0	–	-1,584,645	–	-4.26%	–

Q2 2019

			Value		Shares		↓ Weighting
DBD	New	DIEBOLD NXDF INC	$33,437,000	–	3,650,357	–	4.55%	–
CARS	New	CARS COM INC	$31,249,000	–	1,584,645	–	4.26%	–
SRCL	New	STERICYCLE INC	$22,560,000	–	472,463	–	3.07%	–
PLAY	New	DAVE & BUSTERS ENTMT INC	$21,744,000	–	537,290	–	2.96%	–
SYNH	New	SYNEOS HEALTH INCcl a	$19,950,000	–	390,490	–	2.72%	–
MIK	New	MICHAELS COS INC	$17,960,000	–	2,064,325	–	2.45%	–
BECN	New	BEACON ROOFING SUPPLY INC	$17,260,000	–	470,055	–	2.35%	–
KAR	New	KAR AUCTION SVCS INC	$17,144,000	–	685,740	–	2.34%	–
STL	New	STERLING BANCORP DEL	$17,051,000	–	801,285	–	2.32%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$15,152,000	–	446,185	–	2.06%	–
FHB	New	FIRST HAWAIIAN INC	$15,129,000	–	584,806	–	2.06%	–
THS	New	TREEHOUSE FOODS INC	$14,811,000	–	273,772	–	2.02%	–
OUT	New	OUTFRONT MEDIA INC	$14,448,000	–	560,210	–	1.97%	–
IAA	New	IAA INC	$14,389,000	–	371,040	–	1.96%	–
WTFC	New	WINTRUST FINL CORP	$12,620,000	–	172,500	–	1.72%	–
RWT	New	REDWOOD TR INC	$12,253,000	–	741,270	–	1.67%	–
NWE	New	NORTHWESTERN CORP	$12,203,000	–	169,140	–	1.66%	–
DESP	New	DESPEGAR COM CORP	$12,087,000	–	870,160	–	1.65%	–
GWR	New	GENESEE & WYO INCcl a	$11,481,000	–	114,810	–	1.56%	–
ELF	New	E L F BEAUTY INC	$11,385,000	–	807,450	–	1.55%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$10,903,000	–	353,750	–	1.48%	–
DOC	New	PHYSICIANS RLTY TR	$10,687,000	–	612,810	–	1.46%	–
OZK	New	BANK OZK	$9,840,000	–	327,030	–	1.34%	–
MD	New	MEDNAX INC	$9,749,000	–	386,420	–	1.33%	–
FET	New	FORUM ENERGY TECHNOLOGIES IN	$9,689,000	–	2,833,170	–	1.32%	–
FG	New	FGL HLDGS	$9,610,000	–	1,144,050	–	1.31%	–
ARGO	New	ARGO GROUP INTL HLDGS LTD	$9,491,000	–	128,166	–	1.29%	–
AIMC	New	ALTRA INDL MOTION CORP	$9,308,000	–	259,430	–	1.27%	–
WPX	New	WPX ENERGY INC	$9,238,000	–	802,620	–	1.26%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$9,149,000	–	163,810	–	1.25%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$9,125,000	–	261,097	–	1.24%	–
CADE	New	CADENCE BANCORPORATIONcl a	$9,102,000	–	437,620	–	1.24%	–
APAM	New	ARTISAN PARTNERS ASSET MGMTcl a	$8,753,000	–	318,060	–	1.19%	–
RBA	New	RITCHIE BROS AUCTIONEERS	$8,671,000	–	261,020	–	1.18%	–
URBN	New	URBAN OUTFITTERS INC	$8,639,000	–	379,750	–	1.18%	–
AL	New	AIR LEASE CORPcl a	$8,611,000	–	208,295	–	1.17%	–
ESNT	New	ESSENT GROUP LTD	$8,073,000	–	171,800	–	1.10%	–
VVV	New	VALVOLINE INC	$8,066,000	–	413,010	–	1.10%	–
NTUS	New	NATUS MEDICAL INC DEL	$7,706,000	–	299,970	–	1.05%	–
NPO	New	ENPRO INDS INC	$7,677,000	–	120,260	–	1.05%	–
CBPX	New	CONTINENTAL BLDG PRODS INC	$7,671,000	–	288,725	–	1.04%	–
GTES	New	GATES INDUSTRIAL CORPRATIN P	$7,654,000	–	670,790	–	1.04%	–
PRTY	New	PARTY CITY HOLDCO INC	$7,539,000	–	1,028,450	–	1.03%	–
NAVI	New	NAVIENT CORPORATION	$7,462,000	–	546,700	–	1.02%	–
LOCO	New	EL POLLO LOCO HLDGS INC	$7,005,000	–	657,150	–	0.95%	–
ADNT	New	ADIENT PLC	$6,956,000	–	286,620	–	0.95%	–
SLGN	New	SILGAN HOLDINGS INC	$6,752,000	–	220,660	–	0.92%	–
AGO	New	ASSURED GUARANTY LTD	$6,714,000	–	159,545	–	0.91%	–
RGP	New	RESOURCES CONNECTION INC	$6,600,000	–	412,264	–	0.90%	–
QTS	New	QTS RLTY TR INC	$6,494,000	–	140,630	–	0.88%	–
ASNA	New	ASCENA RETAIL GROUP INC	$6,341,000	–	10,395,417	–	0.86%	–
POST	New	POST HLDGS INC	$6,215,000	–	59,773	–	0.85%	–
BPOP	New	POPULAR INC	$6,097,000	–	112,405	–	0.83%	–
HWC	New	HANCOCK WHITNEY CORPORATION	$6,014,000	–	150,125	–	0.82%	–
GBCI	New	GLACIER BANCORP INC NEW	$5,717,000	–	140,980	–	0.78%	–
CATY	New	CATHAY GEN BANCORP	$5,701,000	–	158,770	–	0.78%	–
WLL	New	WHITING PETE CORP NEW	$5,701,000	–	305,210	–	0.78%	–
CXW	New	CORECIVIC INC	$5,508,000	–	265,340	–	0.75%	–
LILA	New	LIBERTY LATIN AMERICA LTD	$5,462,000	–	316,995	–	0.74%	–
WRK	New	WESTROCK CO	$3,710,000	–	101,730	–	0.50%	–
ZION	New	ZIONS BANCORPORATION N A	$3,638,000	–	79,120	–	0.50%	–
LKQ	New	LKQ CORP	$3,632,000	–	136,490	–	0.50%	–
ATH	New	ATHENE HLDG LTDcl a	$3,581,000	–	83,170	–	0.49%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$3,502,000	–	100,990	–	0.48%	–
WAB	New	WABTEC CORP	$3,480,000	–	48,495	–	0.47%	–
DVA	New	DAVITA INC	$3,471,000	–	61,700	–	0.47%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$3,467,000	–	35,500	–	0.47%	–
AER	New	AERCAP HOLDINGS NV	$3,397,000	–	65,305	–	0.46%	–
AME	New	AMETEK INC NEW	$3,389,000	–	37,310	–	0.46%	–
EWBC	New	EAST WEST BANCORP INC	$3,334,000	–	71,290	–	0.45%	–
INGR	New	INGREDION INC	$3,335,000	–	40,430	–	0.45%	–
EHC	New	ENCOMPASS HEALTH CORP	$3,202,000	–	50,540	–	0.44%	–
ACC	New	AMERICAN CAMPUS CMNTYS INC	$3,089,000	–	66,925	–	0.42%	–
IRM	New	IRON MTN INC NEW	$3,074,000	–	98,220	–	0.42%	–
FANG	New	DIAMONDBACK ENERGY INC	$3,056,000	–	28,040	–	0.42%	–
DGX	New	QUEST DIAGNOSTICS INC	$3,045,000	–	29,910	–	0.42%	–
RS	New	RELIANCE STEEL & ALUMINUM CO	$3,033,000	–	32,050	–	0.41%	–
SABR	New	SABRE CORP	$2,936,000	–	132,260	–	0.40%	–
HTA	New	HEALTHCARE TR AMER INCcl a new	$2,897,000	–	105,600	–	0.40%	–
WH	New	WYNDHAM HOTELS & RESORTS INC	$2,885,000	–	51,755	–	0.39%	–
AXTA	New	AXALTA COATING SYS LTD	$2,845,000	–	95,550	–	0.39%	–
PE	New	PARSLEY ENERGY INCcl a	$2,634,000	–	138,550	–	0.36%	–
NBL	New	NOBLE ENERGY INC	$2,584,000	–	115,350	–	0.35%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$2,549,000	–	9,075	–	0.35%	–
USFD	New	US FOODS HLDG CORP	$2,404,000	–	67,215	–	0.33%	–
NDAQ	New	NASDAQ INC	$2,023,000	–	21,040	–	0.28%	–

Q4 2018

			Value		Shares		↓ Weighting
IWS	Exit	ISHARES TRrus mdcp val etf	$0	–	-8,350	–	-0.09%	–
WRK	Exit	WESTROCK CO	$0	–	-46,110	–	-0.30%	–
OZK	Exit	Bank OZK	$0	–	-65,260	–	-0.30%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO	$0	–	-33,820	–	-0.35%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-13,505	–	-0.38%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-51,380	–	-0.38%	–
SABR	Exit	SABRE CORP	$0	–	-119,570	–	-0.38%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-104,300	–	-0.39%	–
WAB	Exit	WABTEC CORP	$0	–	-31,370	–	-0.40%	–
ZION	Exit	ZIONS BANCORPORATION	$0	–	-66,350	–	-0.41%	–
NDAQ	Exit	NASDAQ INC	$0	–	-40,795	–	-0.43%	–
AME	Exit	AMETEK INC NEW	$0	–	-45,470	–	-0.44%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-27,010	–	-0.44%	–
SRCL	Exit	STERICYCLE INC	$0	–	-61,490	–	-0.44%	–
EFX	Exit	EQUIFAX INC	$0	–	-28,830	–	-0.46%	–
INGR	Exit	INGREDION INC	$0	–	-36,105	–	-0.46%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-110,870	–	-0.47%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-143,260	–	-0.47%	–
ACC	Exit	AMERICAN CAMPUS CMNTYS INC	$0	–	-94,940	–	-0.48%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-42,280	–	-0.50%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-150,460	–	-0.54%	–
ATH	Exit	ATHENE HLDG LTDcl a	$0	–	-87,905	–	-0.56%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-91,725	–	-0.64%	–
PRTY	Exit	PARTY CITY HOLDCO INC	$0	–	-398,680	–	-0.66%	–
DESP	Exit	DESPEGAR COM CORP	$0	–	-370,300	–	-0.76%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-159,180	–	-0.80%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC	$0	–	-180,020	–	-0.83%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-375,030	–	-0.85%	–
POST	Exit	POST HLDGS INC	$0	–	-72,890	–	-0.87%	–
APAM	Exit	ARTISAN PARTNERS ASSET MGMTcl a	$0	–	-238,460	–	-0.94%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-232,780	–	-1.00%	–
AL	Exit	AIR LEASE CORPcl a	$0	–	-179,735	–	-1.01%	–
WHD	Exit	Cactus Inccl a	$0	–	-215,900	–	-1.01%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-198,540	–	-1.02%	–
LILA	Exit	Liberty Latin America Ltd	$0	–	-407,715	–	-1.04%	–
TEX	Exit	TEREX CORP NEW	$0	–	-214,090	–	-1.04%	–
CXW	Exit	CORECIVIC INC	$0	–	-351,520	–	-1.04%	–
RGP	Exit	RESOURCES CONNECTION INC	$0	–	-530,384	–	-1.08%	–
WAFD	Exit	WASHINGTON FED INC	$0	–	-276,893	–	-1.08%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION	$0	–	-191,135	–	-1.11%	–
WTFC	Exit	WINTRUST FINL CORP	$0	–	-107,821	–	-1.12%	–
BPOP	Exit	POPULAR INC	$0	–	-184,280	–	-1.15%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-220,425	–	-1.16%	–
ELF	Exit	E L F BEAUTY INC	$0	–	-761,420	–	-1.18%	–
NCSM	Exit	NCS MULTISTAGE HLDGS INC	$0	–	-588,226	–	-1.19%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-287,017	–	-1.21%	–
FG	Exit	FGL HLDGS	$0	–	-1,140,050	–	-1.25%	–
DOC	Exit	PHYSICIANS RLTY TR	$0	–	-609,740	–	-1.26%	–
NPO	Exit	ENPRO INDS INC	$0	–	-145,460	–	-1.30%	–
NAVI	Exit	NAVIENT CORPORATION	$0	–	-787,850	–	-1.30%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-393,180	–	-1.34%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-303,380	–	-1.34%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-212,090	–	-1.34%	–
NTUS	Exit	NATUS MEDICAL INC DEL	$0	–	-330,830	–	-1.44%	–
RWT	Exit	REDWOOD TR INC	$0	–	-739,020	–	-1.47%	–
AIMC	Exit	ALTRA INDL MOTION CORP	$0	–	-290,820	–	-1.47%	–
WPX	Exit	WPX ENERGY INC	$0	–	-610,756	–	-1.50%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-138,310	–	-1.54%	–
EVTC	Exit	EVERTEC INC	$0	–	-538,600	–	-1.58%	–
ADNT	Exit	ADIENT PLC	$0	–	-331,305	–	-1.59%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-957,720	–	-1.66%	–
ESNT	Exit	ESSENT GROUP LTD	$0	–	-307,240	–	-1.66%	–
NWE	Exit	NORTHWESTERN CORP	$0	–	-241,100	–	-1.73%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-216,385	–	-1.74%	–
VVV	Exit	VALVOLINE INC	$0	–	-666,250	–	-1.75%	–
FHB	Exit	FIRST HAWAIIAN INC	$0	–	-589,396	–	-1.96%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-339,850	–	-1.99%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-6,016,260	–	-1.99%	–
ARGO	Exit	ARGO GROUP INTL HLDGS LTD	$0	–	-260,375	–	-2.00%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-886,820	–	-2.16%	–
FET	Exit	FORUM ENERGY TECHNOLOGIES IN	$0	–	-1,713,470	–	-2.17%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-298,709	–	-2.18%	–
SYNH	Exit	Syneos Health Inccl a	$0	–	-362,980	–	-2.28%	–
QTS	Exit	QTS RLTY TR INC	$0	–	-447,580	–	-2.33%	–
DBD	Exit	DIEBOLD NXDF INC	$0	–	-4,377,295	–	-2.40%	–
ASNA	Exit	ASCENA RETAIL GROUP INC	$0	–	-4,342,170	–	-2.42%	–
PLAY	Exit	DAVE & BUSTERS ENTMT INC	$0	–	-300,370	–	-2.43%	–
CARS	Exit	CARS COM INC	$0	–	-763,300	–	-2.57%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-1,034,955	–	-2.78%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-769,620	–	-3.40%	–
MIK	Exit	MICHAELS COS INC	$0	–	-1,936,640	–	-3.84%	–

Q3 2018

			Value		Shares		↓ Weighting
MIK	Sell	MICHAELS COS INC	$31,432,000	-40.0%	1,936,640	-29.2%	3.84%	+10.6%
BECN	Sell	BEACON ROOFING SUPPLY INC	$27,853,000	-30.2%	769,620	-17.8%	3.40%	+28.8%
STL	Sell	STERLING BANCORP DEL	$22,769,000	-49.5%	1,034,955	-46.0%	2.78%	-6.8%
CARS	Sell	CARS COM INC	$21,075,000	-54.5%	763,300	-53.2%	2.57%	-16.0%
PLAY	Sell	DAVE & BUSTERS ENTMT INC	$19,891,000	-33.1%	300,370	-51.9%	2.43%	+23.4%
ASNA	Sell	ASCENA RETAIL GROUP INC	$19,844,000	-39.0%	4,342,170	-46.8%	2.42%	+12.4%
DBD	Buy	DIEBOLD NXDF INC	$19,698,000	-37.9%	4,377,295	+64.8%	2.40%	+14.5%
QTS	Sell	QTS RLTY TR INC	$19,098,000	-48.0%	447,580	-51.8%	2.33%	-4.0%
SYNH	Sell	Syneos Health Inccl a	$18,712,000	-48.8%	362,980	-53.4%	2.28%	-5.5%
KAR	Sell	KAR AUCTION SVCS INC	$17,830,000	-43.2%	298,709	-47.8%	2.18%	+4.8%
FET	Sell	FORUM ENERGY TECHNOLOGIES IN	$17,734,000	-46.7%	1,713,470	-36.4%	2.17%	-1.7%
OUT	Sell	OUTFRONT MEDIA INC	$17,692,000	-40.5%	886,820	-42.0%	2.16%	+9.9%
ARGO	Sell	ARGO GROUP INTL HLDGS LTD	$16,417,000	-46.4%	260,375	-50.6%	2.00%	-1.1%
WFTIQ	Sell	WEATHERFORD INTL PLC	$16,304,000	-41.5%	6,016,260	-29.0%	1.99%	+7.9%
THS	Sell	TREEHOUSE FOODS INC	$16,262,000	-23.2%	339,850	-15.8%	1.99%	+41.7%
FHB	Sell	FIRST HAWAIIAN INC	$16,008,000	-49.5%	589,396	-46.0%	1.96%	-6.8%
VVV	Buy	VALVOLINE INC	$14,331,000	+176.0%	666,250	+176.7%	1.75%	+408.7%
SIG	Sell	SIGNET JEWELERS LIMITED	$14,266,000	-58.3%	216,385	-64.8%	1.74%	-23.1%
NWE	Sell	NORTHWESTERN CORP	$14,143,000	-53.2%	241,100	-54.4%	1.73%	-13.7%
ESNT	Sell	ESSENT GROUP LTD	$13,595,000	-52.2%	307,240	-61.3%	1.66%	-11.7%
OASPQ	Sell	OASIS PETE INC NEW	$13,580,000	-54.8%	957,720	-58.6%	1.66%	-16.6%
ADNT	Buy	ADIENT PLC	$13,024,000	+208.9%	331,305	+286.6%	1.59%	+469.9%
EVTC	Sell	EVERTEC INC	$12,980,000	-60.5%	538,600	-64.2%	1.58%	-27.2%
GWR	Sell	GENESEE & WYO INCcl a	$12,585,000	-44.7%	138,310	-50.6%	1.54%	+2.0%
WPX	Sell	WPX ENERGY INC	$12,288,000	-44.6%	610,756	-50.4%	1.50%	+2.2%
AIMC	Sell	ALTRA INDL MOTION CORP	$12,011,000	-34.5%	290,820	-31.6%	1.47%	+20.9%
RWT	Sell	REDWOOD TR INC	$12,002,000	-51.3%	739,020	-50.6%	1.47%	-10.1%
NTUS	Sell	NATUS MEDICAL INC DEL	$11,794,000	-48.9%	330,830	-50.6%	1.44%	-5.8%
NTB	Sell	BANK OF NT BUTTERFIELD&SON L	$10,999,000	-44.0%	212,090	-50.6%	1.34%	+3.4%
RBA	Sell	RITCHIE BROS AUCTIONEERS	$10,961,000	-47.7%	303,380	-50.6%	1.34%	-3.5%
SLGN	Sell	SILGAN HOLDINGS INC	$10,930,000	-22.9%	393,180	-25.6%	1.34%	+42.3%
NAVI	Sell	NAVIENT CORPORATION	$10,620,000	-48.7%	787,850	-50.4%	1.30%	-5.3%
NPO	Sell	ENPRO INDS INC	$10,608,000	-40.0%	145,460	-42.4%	1.30%	+10.8%
DOC	Sell	PHYSICIANS RLTY TR	$10,280,000	-47.7%	609,740	-50.6%	1.26%	-3.6%
FG	Sell	FGL HLDGS	$10,203,000	-47.3%	1,140,050	-50.6%	1.25%	-2.7%
KNX	Sell	KNIGHT SWIFT TRANSN HLDGS INcl a	$9,896,000	-37.0%	287,017	-30.2%	1.21%	+16.2%
NCSM	Sell	NCS MULTISTAGE HLDGS INC	$9,712,000	-53.3%	588,226	-58.9%	1.19%	-13.8%
ELF	New	E L F BEAUTY INC	$9,693,000	–	761,420	–	1.18%	–
GBCI	Sell	GLACIER BANCORP INC NEW	$9,498,000	-45.0%	220,425	-50.6%	1.16%	+1.6%
BPOP	Sell	POPULAR INC	$9,444,000	-44.0%	184,280	-50.6%	1.15%	+3.3%
WTFC	Sell	WINTRUST FINL CORP	$9,158,000	-51.8%	107,821	-50.6%	1.12%	-11.1%
HWC	Sell	HANCOCK WHITNEY CORPORATION	$9,088,000	-49.6%	191,135	-50.5%	1.11%	-7.0%
WAFD	Sell	WASHINGTON FED INC	$8,861,000	-51.7%	276,893	-50.6%	1.08%	-10.8%
RGP	Sell	RESOURCES CONNECTION INC	$8,804,000	-51.5%	530,384	-50.6%	1.08%	-10.5%
CXW	Sell	CORECIVIC INC	$8,552,000	-49.7%	351,520	-50.6%	1.04%	-7.2%
TEX	Sell	TEREX CORP NEW	$8,544,000	-53.3%	214,090	-50.6%	1.04%	-13.8%
LILA	Sell	Liberty Latin America Ltd	$8,497,000	-46.2%	407,715	-50.6%	1.04%	-0.7%
AGO	Sell	ASSURED GUARANTY LTD	$8,384,000	-41.7%	198,540	-50.6%	1.02%	+7.7%
WHD	New	Cactus Inccl a	$8,265,000	–	215,900	–	1.01%	–
AL	Sell	AIR LEASE CORPcl a	$8,246,000	-46.0%	179,735	-50.6%	1.01%	-0.4%
ACHC	Sell	ACADIA HEALTHCARE COMPANY IN	$8,194,000	-35.8%	232,780	-25.4%	1.00%	+18.6%
APAM	Sell	ARTISAN PARTNERS ASSET MGMTcl a	$7,726,000	-46.9%	238,460	-50.6%	0.94%	-2.2%
POST	Sell	POST HLDGS INC	$7,146,000	-77.2%	72,890	-80.0%	0.87%	-57.8%
SCS	Sell	STEELCASE INCcl a	$6,938,000	-46.3%	375,030	-60.8%	0.85%	-0.8%
CBPX	Sell	CONTINENTAL BLDG PRODS INC	$6,760,000	-70.5%	180,020	-75.2%	0.83%	-45.6%
CATY	Sell	CATHAY GEN BANCORP	$6,596,000	-49.2%	159,180	-50.4%	0.80%	-6.4%
DESP	New	DESPEGAR COM CORP	$6,247,000	–	370,300	–	0.76%	–
PRTY	Sell	PARTY CITY HOLDCO INC	$5,402,000	-56.1%	398,680	-50.6%	0.66%	-18.9%
AER	Buy	AERCAP HOLDINGS NV	$5,276,000	+7.5%	91,725	+1.2%	0.64%	+98.2%
ATH	Buy	ATHENE HLDG LTDcl a	$4,541,000	+122.3%	87,905	+88.6%	0.56%	+311.1%
PE	Sell	PARSLEY ENERGY INCcl a	$4,401,000	-19.9%	150,460	-17.1%	0.54%	+47.5%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$4,059,000	-18.0%	42,280	-17.3%	0.50%	+51.2%
ACC	Sell	AMERICAN CAMPUS CMNTYS INC	$3,908,000	-20.4%	94,940	-17.1%	0.48%	+46.8%
IRM	Sell	IRON MTN INC NEW	$3,827,000	-18.1%	110,870	-17.0%	0.47%	+51.1%
HTA	Sell	HEALTHCARE TR AMER INCcl a new	$3,821,000	-18.0%	143,260	-17.1%	0.47%	+51.6%
INGR	Buy	INGREDION INC	$3,790,000	-3.7%	36,105	+1.5%	0.46%	+77.4%
EFX	Sell	EQUIFAX INC	$3,764,000	-13.4%	28,830	-17.0%	0.46%	+59.7%
SRCL	Sell	STERICYCLE INC	$3,608,000	-25.5%	61,490	-17.1%	0.44%	+37.8%
RNR	Sell	RENAISSANCERE HOLDINGS LTD	$3,608,000	-8.1%	27,010	-17.2%	0.44%	+69.6%
AME	Sell	AMETEK INC NEW	$3,598,000	-9.0%	45,470	-17.0%	0.44%	+67.6%
NDAQ	Sell	NASDAQ INC	$3,500,000	-21.9%	40,795	-16.9%	0.43%	+43.8%
ZION	New	ZIONS BANCORPORATION	$3,327,000	–	66,350	–	0.41%	–
WAB	Sell	WABTEC CORP	$3,290,000	-21.6%	31,370	-26.3%	0.40%	+44.6%
USFD	Buy	US FOODS HLDG CORP	$3,215,000	-15.6%	104,300	+3.5%	0.39%	+56.0%
SABR	Sell	SABRE CORP	$3,118,000	-12.3%	119,570	-17.1%	0.38%	+62.1%
EWBC	Sell	EAST WEST BANCORP INC	$3,102,000	-23.3%	51,380	-17.2%	0.38%	+41.4%
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$3,077,000	-10.2%	13,505	-16.9%	0.38%	+65.6%
RS	Sell	RELIANCE STEEL & ALUMINUM CO	$2,885,000	-19.4%	33,820	-17.3%	0.35%	+48.5%
OZK	New	Bank OZK	$2,477,000	–	65,260	–	0.30%	–
WRK	Sell	WESTROCK CO	$2,464,000	-22.3%	46,110	-17.1%	0.30%	+43.3%
IWS	New	ISHARES TRrus mdcp val etf	$754,000	–	8,350	–	0.09%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-78,580	–	-0.23%	–
SBNY	Exit	SIGNATURE BK NEW YORK N Y	$0	–	-49,650	–	-0.42%	–
FAF	Exit	FIRST AMERN FINL CORP	$0	–	-249,780	–	-0.86%	–
AMED	Exit	AMEDISYS INC	$0	–	-172,470	–	-0.98%	–
EDR	Exit	EDUCATION RLTY TR INC	$0	–	-716,080	–	-1.97%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-1,250,480	–	-3.37%	–

Q2 2018

			Value		Shares		↓ Weighting
MIK	New	MICHAELS COS INC	$52,416,000	–	2,734,222	–	3.47%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$50,894,000	–	1,250,480	–	3.37%	–
CARS	New	CARS COM INC	$46,288,000	–	1,630,420	–	3.06%	–
STL	New	STERLING BANCORP DEL	$45,066,000	–	1,917,690	–	2.98%	–
BECN	New	BEACON ROOFING SUPPLY INC	$39,896,000	–	936,090	–	2.64%	–
QTS	New	QTS RLTY TR INC	$36,700,000	–	929,110	–	2.43%	–
SYNH	New	Syneos Health Inccl a	$36,544,000	–	779,180	–	2.42%	–
SIG	New	SIGNET JEWELERS LIMITED	$34,224,000	–	613,900	–	2.26%	–
FET	New	FORUM ENERGY TECHNOLOGIES IN	$33,286,000	–	2,695,300	–	2.20%	–
EVTC	New	EVERTEC INC	$32,898,000	–	1,505,660	–	2.18%	–
ASNA	New	ASCENA RETAIL GROUP INC	$32,552,000	–	8,168,540	–	2.16%	–
DBD	New	DIEBOLD NXDF INC	$31,742,000	–	2,656,208	–	2.10%	–
FHB	New	FIRST HAWAIIAN INC	$31,702,000	–	1,092,452	–	2.10%	–
KAR	New	KAR AUCTION SVCS INC	$31,386,000	–	572,738	–	2.08%	–
POST	New	POST HLDGS INC	$31,276,000	–	363,580	–	2.07%	–
ARGO	New	ARGO GROUP INTL HLDGS LTD	$30,624,000	–	526,650	–	2.03%	–
NWE	New	NORTHWESTERN CORP	$30,238,000	–	528,180	–	2.00%	–
OASPQ	New	OASIS PETE INC NEW	$30,032,000	–	2,315,440	–	1.99%	–
PLAY	New	DAVE & BUSTERS ENTMT INC	$29,744,000	–	624,890	–	1.97%	–
OUT	New	OUTFRONT MEDIA INC	$29,718,000	–	1,527,940	–	1.97%	–
EDR	New	EDUCATION RLTY TR INC	$29,718,000	–	716,080	–	1.97%	–
ESNT	New	ESSENT GROUP LTD	$28,416,000	–	793,290	–	1.88%	–
WFTIQ	New	WEATHERFORD INTL PLC	$27,880,000	–	8,473,920	–	1.84%	–
RWT	New	REDWOOD TR INC	$24,636,000	–	1,495,840	–	1.63%	–
NTUS	New	NATUS MEDICAL INC DEL	$23,090,000	–	669,260	–	1.53%	–
CBPX	New	CONTINENTAL BLDG PRODS INC	$22,948,000	–	727,338	–	1.52%	–
GWR	New	GENESEE & WYO INCcl a	$22,772,000	–	280,020	–	1.51%	–
WPX	New	WPX ENERGY INC	$22,188,000	–	1,230,612	–	1.47%	–
THS	New	TREEHOUSE FOODS INC	$21,184,000	–	403,438	–	1.40%	–
RBA	New	RITCHIE BROS AUCTIONEERS	$20,962,000	–	614,360	–	1.39%	–
NCSM	New	NCS MULTISTAGE HLDGS INC	$20,784,000	–	1,430,452	–	1.38%	–
NAVI	New	NAVIENT CORPORATION	$20,688,000	–	1,587,700	–	1.37%	–
DOC	New	PHYSICIANS RLTY TR	$19,668,000	–	1,233,880	–	1.30%	–
NTB	New	BANK OF NT BUTTERFIELD&SON L	$19,626,000	–	429,280	–	1.30%	–
FG	New	FGL HLDGS	$19,358,000	–	2,307,200	–	1.28%	–
WTFC	New	WINTRUST FINL CORP	$19,006,000	–	218,342	–	1.26%	–
AIMC	New	ALTRA INDL MOTION CORP	$18,330,000	–	425,268	–	1.21%	–
WAFD	New	WASHINGTON FED INC	$18,332,000	–	560,586	–	1.21%	–
TEX	New	TEREX CORP NEW	$18,280,000	–	433,280	–	1.21%	–
RGP	New	RESOURCES CONNECTION INC	$18,142,000	–	1,073,468	–	1.20%	–
HWC	New	HANCOCK WHITNEY CORPORATION	$18,028,000	–	386,470	–	1.19%	–
NPO	New	ENPRO INDS INC	$17,666,000	–	252,550	–	1.17%	–
GBCI	New	GLACIER BANCORP INC NEW	$17,254,000	–	446,070	–	1.14%	–
CXW	New	CORECIVIC INC	$16,998,000	–	711,540	–	1.12%	–
BPOP	New	POPULAR INC	$16,858,000	–	372,880	–	1.12%	–
LILA	New	Liberty Latin America Ltd	$15,786,000	–	825,630	–	1.04%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$15,706,000	–	411,054	–	1.04%	–
AL	New	AIR LEASE CORPcl a	$15,268,000	–	363,770	–	1.01%	–
AMED	New	AMEDISYS INC	$14,740,000	–	172,470	–	0.98%	–
APAM	New	ARTISAN PARTNERS ASSET MGMTcl a	$14,558,000	–	482,820	–	0.96%	–
AGO	New	ASSURED GUARANTY LTD	$14,370,000	–	402,180	–	0.95%	–
SLGN	New	SILGAN HOLDINGS INC	$14,172,000	–	528,180	–	0.94%	–
CATY	New	CATHAY GEN BANCORP	$12,990,000	–	320,800	–	0.86%	–
FAF	New	FIRST AMERN FINL CORP	$12,918,000	–	249,780	–	0.86%	–
SCS	New	STEELCASE INCcl a	$12,908,000	–	956,200	–	0.85%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$12,758,000	–	311,860	–	0.84%	–
PRTY	New	PARTY CITY HOLDCO INC	$12,302,000	–	806,660	–	0.81%	–
SBNY	New	SIGNATURE BK NEW YORK N Y	$6,350,000	–	49,650	–	0.42%	–
PE	New	PARSLEY ENERGY INCcl a	$5,496,000	–	181,500	–	0.36%	–
VVV	New	VALVOLINE INC	$5,192,000	–	240,748	–	0.34%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$4,948,000	–	51,120	–	0.33%	–
ACC	New	AMERICAN CAMPUS CMNTYS INC	$4,912,000	–	114,540	–	0.32%	–
AER	New	AERCAP HOLDINGS NV	$4,910,000	–	90,680	–	0.32%	–
SRCL	New	STERICYCLE INC	$4,840,000	–	74,140	–	0.32%	–
IRM	New	IRON MTN INC NEW	$4,674,000	–	133,500	–	0.31%	–
HTA	New	HEALTHCARE TR AMER INCcl a new	$4,660,000	–	172,840	–	0.31%	–
NDAQ	New	NASDAQ INC	$4,482,000	–	49,110	–	0.30%	–
EFX	New	EQUIFAX INC	$4,344,000	–	34,720	–	0.29%	–
ADNT	New	ADIENT PLC	$4,216,000	–	85,700	–	0.28%	–
WAB	New	WABTEC CORP	$4,198,000	–	42,580	–	0.28%	–
EWBC	New	EAST WEST BANCORP INC	$4,046,000	–	62,040	–	0.27%	–
AME	New	AMETEK INC NEW	$3,954,000	–	54,800	–	0.26%	–
INGR	New	INGREDION INC	$3,936,000	–	35,560	–	0.26%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$3,924,000	–	32,610	–	0.26%	–
USFD	New	US FOODS HLDG CORP	$3,810,000	–	100,740	–	0.25%	–
RS	New	RELIANCE STEEL & ALUMINUM CO	$3,580,000	–	40,900	–	0.24%	–
SABR	New	SABRE CORP	$3,554,000	–	144,220	–	0.24%	–
OZRK	New	BANK OF THE OZARKS	$3,540,000	–	78,580	–	0.23%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$3,426,000	–	16,260	–	0.23%	–
WRK	New	WESTROCK CO	$3,172,000	–	55,620	–	0.21%	–
ATH	New	ATHENE HLDG LTDcl a	$2,043,000	–	46,600	–	0.14%	–

Q4 2017

			Value		Shares		↓ Weighting
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-11,610	–	-0.17%	–
WAB	Exit	WABTEC CORP	$0	–	-18,070	–	-0.19%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-51,920	–	-0.19%	–
SABR	Exit	SABRE CORP	$0	–	-82,530	–	-0.21%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO	$0	–	-19,730	–	-0.21%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-7,970	–	-0.21%	–
ACC	Exit	AMERICAN CAMPUS CMNTYS INC	$0	–	-34,600	–	-0.21%	–
AME	Exit	AMETEK INC NEW	$0	–	-23,260	–	-0.22%	–
WRK	Exit	WESTROCK CO	$0	–	-27,260	–	-0.22%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a new	$0	–	-52,280	–	-0.22%	–
XL	Exit	XL GROUP LTD	$0	–	-39,490	–	-0.22%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-42,850	–	-0.23%	–
VVV	Exit	VALVOLINE INC	$0	–	-71,810	–	-0.24%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-18,830	–	-0.26%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-38,780	–	-0.26%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-420,420	–	-0.27%	–
ATH	Exit	ATHENE HLDG LTDcl a	$0	–	-37,660	–	-0.28%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-41,090	–	-0.29%	–
SBNY	Exit	SIGNATURE BK NEW YORK N Y	$0	–	-16,475	–	-0.30%	–
NDAQ	Exit	NASDAQ INC	$0	–	-29,400	–	-0.32%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-16,560	–	-0.36%	–
AIMC	Exit	ALTRA INDL MOTION CORP	$0	–	-111,340	–	-0.75%	–
SCS	Exit	STEELCASE INCcl a	$0	–	-360,250	–	-0.78%	–
AMED	Exit	AMEDISYS INC	$0	–	-101,195	–	-0.79%	–
HWC	Exit	HANCOCK HLDG CO	$0	–	-118,412	–	-0.80%	–
BIO	Exit	BIO RAD LABS INCcl a	$0	–	-28,365	–	-0.88%	–
FAF	Exit	FIRST AMERN FINL CORP	$0	–	-126,690	–	-0.88%	–
OMF	Exit	ONEMAIN HLDGS INC	$0	–	-230,790	–	-0.91%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-159,272	–	-0.92%	–
MD	Exit	MEDNAX INC	$0	–	-155,785	–	-0.94%	–
ITGR	Exit	INTEGER HLDGS CORP	$0	–	-131,440	–	-0.94%	–
TEX	Exit	TEREX CORP NEW	$0	–	-159,900	–	-1.01%	–
KEX	Exit	KIRBY CORP	$0	–	-110,760	–	-1.02%	–
KFY	Exit	KORN FERRY INTL	$0	–	-185,575	–	-1.02%	–
RGP	Exit	RESOURCES CONNECTION INC	$0	–	-546,334	–	-1.06%	–
PAY	Exit	VERIFONE SYS INC	$0	–	-378,394	–	-1.07%	–
CATY	Exit	CATHAY GEN BANCORP	$0	–	-195,570	–	-1.10%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-268,830	–	-1.11%	–
HAIN	Exit	HAIN CELESTIAL GROUP INC	$0	–	-198,925	–	-1.14%	–
EPAC	Exit	ACTUANT CORPcl a new	$0	–	-320,175	–	-1.15%	–
UMBF	Exit	UMB FINL CORP	$0	–	-118,019	–	-1.23%	–
BKU	Exit	BANKUNITED INC	$0	–	-250,270	–	-1.24%	–
EDR	Exit	EDUCATION RLTY TR INC	$0	–	-253,390	–	-1.27%	–
DOC	Exit	PHYSICIANS RLTY TR	$0	–	-521,290	–	-1.29%	–
CXW	Exit	CORECIVIC INC	$0	–	-345,930	–	-1.29%	–
WAFD	Exit	WASHINGTON FED INC	$0	–	-285,793	–	-1.34%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-312,980	–	-1.38%	–
RWT	Exit	REDWOOD TR INC	$0	–	-623,584	–	-1.42%	–
NPO	Exit	ENPRO INDS INC	$0	–	-127,675	–	-1.44%	–
CARS	Exit	CARS COM INC	$0	–	-392,180	–	-1.46%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-142,610	–	-1.48%	–
NWE	Exit	NORTHWESTERN CORP	$0	–	-185,860	–	-1.48%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC	$0	–	-408,607	–	-1.48%	–
AL	Exit	AIR LEASE CORPcl a	$0	–	-250,985	–	-1.50%	–
WTFC	Exit	WINTRUST FINL CORP	$0	–	-144,185	–	-1.58%	–
APAM	Exit	ARTISAN PARTNERS ASSET MGMTcl a	$0	–	-355,795	–	-1.62%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON L	$0	–	-328,135	–	-1.68%	–
SBH	Exit	SALLY BEAUTY HLDGS INC	$0	–	-620,990	–	-1.70%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-1,361,510	–	-1.74%	–
PRTY	Exit	PARTY CITY HOLDCO INC	$0	–	-1,041,150	–	-1.97%	–
ARGO	Exit	ARGO GROUP INTL HLDGS LTD	$0	–	-229,660	–	-1.97%	–
DBD	Exit	DIEBOLD NXDF INC	$0	–	-619,385	–	-1.98%	–
ASNA	Exit	ASCENA RETAIL GROUP INC	$0	–	-5,891,245	–	-2.02%	–
POST	Exit	POST HLDGS INC	$0	–	-167,630	–	-2.07%	–
WPX	Exit	WPX ENERGY INC	$0	–	-1,328,730	–	-2.14%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-330,210	–	-2.20%	–
FHB	Exit	FIRST HAWAIIAN INC	$0	–	-543,526	–	-2.30%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-408,660	–	-2.31%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-196,320	–	-2.35%	–
OUT	Exit	OUTFRONT MEDIA INC	$0	–	-675,230	–	-2.38%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-504,319	–	-2.44%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-265,240	–	-2.51%	–
EVTC	Exit	EVERTEC INC	$0	–	-1,243,320	–	-2.75%	–
EVHC	Exit	ENVISION HEALTHCARE CORP	$0	–	-447,390	–	-2.81%	–
FET	Exit	FORUM ENERGY TECHNOLOGIES IN	$0	–	-1,337,180	–	-2.97%	–
STL	Exit	STERLING BANCORP DEL	$0	–	-877,045	–	-3.02%	–
MIK	Exit	MICHAELS COS INC	$0	–	-1,365,877	–	-4.10%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-509,755	–	-4.74%	–

Q3 2017

			Value		Shares		↓ Weighting
SIG	Buy	SIGNET JEWELERS LIMITED	$33,924,000	+25.3%	509,755	+19.0%	4.74%	+11.0%
MIK	Buy	MICHAELS COS INC	$29,325,000	+35.1%	1,365,877	+16.6%	4.10%	+19.7%
STL	Buy	STERLING BANCORP DEL	$21,619,000	+33.1%	877,045	+25.5%	3.02%	+17.9%
FET	Buy	FORUM ENERGY TECHNOLOGIES IN	$21,261,000	+31.5%	1,337,180	+29.0%	2.97%	+16.5%
EVHC	Buy	ENVISION HEALTHCARE CORP	$20,110,000	+5.1%	447,390	+46.5%	2.81%	-6.9%
EVTC	Buy	EVERTEC INC	$19,707,000	+32.6%	1,243,320	+44.7%	2.75%	+17.4%
THS	Buy	TREEHOUSE FOODS INC	$17,965,000	+2.7%	265,240	+23.8%	2.51%	-9.1%
RSPP	Buy	RSP PERMIAN INC	$17,444,000	+33.9%	504,319	+25.0%	2.44%	+18.6%
OUT	Buy	OUTFRONT MEDIA INC	$17,002,000	+12.9%	675,230	+3.6%	2.38%	-0.0%
TCBI	Buy	TEXAS CAPITAL BANCSHARES INC	$16,844,000	+89.1%	196,320	+70.6%	2.35%	+67.4%
AHL	Buy	ASPEN INSURANCE HOLDINGS LTD	$16,510,000	+45.2%	408,660	+79.2%	2.31%	+28.7%
FHB	Buy	FIRST HAWAIIAN INC	$16,463,000	+7.0%	543,526	+8.2%	2.30%	-5.2%
KAR	Buy	KAR AUCTION SVCS INC	$15,764,000	+24.1%	330,210	+9.1%	2.20%	+9.9%
WPX	Buy	WPX ENERGY INC	$15,280,000	+56.8%	1,328,730	+31.7%	2.14%	+38.9%
POST	Buy	POST HLDGS INC	$14,797,000	+23.6%	167,630	+8.8%	2.07%	+9.5%
ASNA	Buy	ASCENA RETAIL GROUP INC	$14,434,000	+23.1%	5,891,245	+8.1%	2.02%	+9.0%
DBD	Buy	DIEBOLD NXDF INC	$14,153,000	+27.4%	619,385	+56.1%	1.98%	+12.8%
ARGO	Buy	ARGO GROUP INTL HLDGS LTD	$14,124,000	+28.0%	229,660	+26.2%	1.97%	+13.4%
PRTY	Buy	PARTY CITY HOLDCO INC	$14,108,000	+92.6%	1,041,150	+122.5%	1.97%	+70.6%
OASPQ	Buy	OASIS PETE INC NEW	$12,417,000	+54.3%	1,361,510	+36.2%	1.74%	+36.6%
SBH	Buy	SALLY BEAUTY HLDGS INC	$12,159,000	+15.2%	620,990	+19.1%	1.70%	+2.0%
NTB	Buy	BANK OF NT BUTTERFIELD&SON L	$12,023,000	+28.7%	328,135	+19.8%	1.68%	+14.0%
APAM	Buy	ARTISAN PARTNERS ASSET MGMTcl a	$11,599,000	+10.5%	355,795	+4.0%	1.62%	-2.2%
WTFC	Buy	WINTRUST FINL CORP	$11,291,000	+6.6%	144,185	+4.1%	1.58%	-5.6%
AL	Buy	AIR LEASE CORPcl a	$10,697,000	+18.7%	250,985	+4.1%	1.50%	+5.1%
CBPX	Buy	CONTINENTAL BLDG PRODS INC	$10,624,000	+16.1%	408,607	+4.0%	1.48%	+2.8%
NWE	Sell	NORTHWESTERN CORP	$10,583,000	-11.9%	185,860	-5.6%	1.48%	-22.0%
GWR	Buy	GENESEE & WYO INCcl a	$10,555,000	+21.5%	142,610	+12.3%	1.48%	+7.6%
CARS	New	CARS COM INC	$10,436,000	–	392,180	–	1.46%	–
NPO	Sell	ENPRO INDS INC	$10,282,000	-13.4%	127,675	-23.3%	1.44%	-23.3%
RWT	Buy	REDWOOD TR INC	$10,158,000	-0.5%	623,584	+4.1%	1.42%	-11.9%
RBA	Buy	RITCHIE BROS AUCTIONEERS	$9,896,000	+14.5%	312,980	+4.1%	1.38%	+1.4%
WAFD	Buy	WASHINGTON FED INC	$9,617,000	+5.5%	285,793	+4.1%	1.34%	-6.6%
CXW	Buy	CORECIVIC INC	$9,261,000	+31.0%	345,930	+34.9%	1.29%	+15.9%
DOC	New	PHYSICIANS RLTY TR	$9,242,000	–	521,290	–	1.29%	–
EDR	New	EDUCATION RLTY TR INC	$9,104,000	–	253,390	–	1.27%	–
BKU	Buy	BANKUNITED INC	$8,902,000	+9.8%	250,270	+4.1%	1.24%	-2.7%
UMBF	Buy	UMB FINL CORP	$8,791,000	+3.5%	118,019	+4.1%	1.23%	-8.3%
EPAC	Buy	ACTUANT CORPcl a new	$8,196,000	+8.3%	320,175	+4.1%	1.15%	-4.0%
HAIN	Sell	HAIN CELESTIAL GROUP INC	$8,186,000	-18.4%	198,925	-23.0%	1.14%	-27.7%
SLGN	Buy	SILGAN HOLDINGS INC	$7,912,000	-3.6%	268,830	+4.1%	1.11%	-14.7%
CATY	Buy	CATHAY GEN BANCORP	$7,862,000	+10.3%	195,570	+4.1%	1.10%	-2.3%
PAY	Buy	VERIFONE SYS INC	$7,674,000	+16.6%	378,394	+4.1%	1.07%	+3.3%
RGP	Buy	RESOURCES CONNECTION INC	$7,594,000	+5.6%	546,334	+4.1%	1.06%	-6.5%
KFY	Sell	KORN FERRY INTL	$7,317,000	+7.9%	185,575	-5.5%	1.02%	-4.4%
KEX	Buy	KIRBY CORP	$7,305,000	+2.6%	110,760	+4.0%	1.02%	-9.1%
TEX	Sell	TEREX CORP NEW	$7,199,000	-8.5%	159,900	-23.8%	1.01%	-18.9%
ITGR	Sell	INTEGER HLDGS CORP	$6,723,000	-3.9%	131,440	-18.7%	0.94%	-14.9%
MD	New	MEDNAX INC	$6,717,000	–	155,785	–	0.94%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$6,618,000	–	159,272	–	0.92%	–
OMF	New	ONEMAIN HLDGS INC	$6,506,000	–	230,790	–	0.91%	–
FAF	Sell	FIRST AMERN FINL CORP	$6,331,000	-39.3%	126,690	-45.7%	0.88%	-46.2%
BIO	Buy	BIO RAD LABS INCcl a	$6,303,000	+2.2%	28,365	+4.1%	0.88%	-9.5%
HWC	Sell	HANCOCK HLDG CO	$5,737,000	-18.5%	118,412	-17.5%	0.80%	-27.7%
AMED	Buy	AMEDISYS INC	$5,663,000	-7.3%	101,195	+4.1%	0.79%	-17.9%
SCS	Buy	STEELCASE INCcl a	$5,548,000	+14.5%	360,250	+4.1%	0.78%	+1.3%
AIMC	Sell	ALTRA INDL MOTION CORP	$5,355,000	-2.3%	111,340	-19.2%	0.75%	-13.5%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$2,563,000	+65.9%	16,560	+54.6%	0.36%	+46.7%
NDAQ	Buy	NASDAQ INC	$2,281,000	+68.0%	29,400	+54.7%	0.32%	+49.1%
SBNY	Buy	SIGNATURE BK NEW YORK N Y	$2,109,000	+86.8%	16,475	+109.4%	0.30%	+65.7%
AER	Buy	AERCAP HOLDINGS NV	$2,100,000	+70.5%	41,090	+54.8%	0.29%	+51.5%
ATH	New	ATHENE HLDG LTDcl a	$2,028,000	–	37,660	–	0.28%	–
WFTIQ	Buy	WEATHERFORD INTL PLC	$1,926,000	+83.3%	420,420	+54.8%	0.27%	+62.0%
OZRK	New	BANK OF THE OZARKS	$1,863,000	–	38,780	–	0.26%	–
FANG	Buy	DIAMONDBACK ENERGY INC	$1,845,000	+67.4%	18,830	+51.7%	0.26%	+48.3%
VVV	Buy	VALVOLINE INC	$1,684,000	+53.0%	71,810	+54.7%	0.24%	+35.1%
IRM	Buy	IRON MTN INC NEW	$1,667,000	+43.6%	42,850	+26.8%	0.23%	+27.3%
HTA	New	HEALTHCARE TR AMER INCcl a new	$1,558,000	–	52,280	–	0.22%	–
XL	Buy	XL GROUP LTD	$1,558,000	+95.2%	39,490	+116.9%	0.22%	+73.0%
WRK	Buy	WESTROCK CO	$1,546,000	+54.9%	27,260	+54.8%	0.22%	+37.6%
AME	Buy	AMETEK INC NEW	$1,536,000	+45.5%	23,260	+33.4%	0.22%	+28.7%
ACC	New	AMERICAN CAMPUS CMNTYS INC	$1,528,000	–	34,600	–	0.21%	–
AMG	Buy	AFFILIATED MANAGERS GROUP	$1,513,000	+37.4%	7,970	+20.0%	0.21%	+21.3%
RS	Buy	RELIANCE STEEL & ALUMINUM CO	$1,503,000	+285.4%	19,730	+268.8%	0.21%	+238.7%
SABR	Buy	SABRE CORP	$1,494,000	+80.7%	82,530	+117.3%	0.21%	+59.5%
USFD	Buy	US FOODS HLDG CORP	$1,386,000	+260.9%	51,920	+268.2%	0.19%	+218.0%
WAB	Buy	WABTEC CORP	$1,369,000	+17.4%	18,070	+41.8%	0.19%	+3.8%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$1,213,000	+12.1%	11,610	+7.4%	0.17%	-0.6%
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-15,600	–	-0.14%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-7,450	–	-0.16%	–
RHI	Exit	ROBERT HALF INTERNATIONAL INC	$0	–	-21,820	–	-0.16%	–
LKQ	Exit	LKQ CORP	$0	–	-36,680	–	-0.19%	–
EXPR	Exit	EXPRESS INC	$0	–	-744,440	–	-0.79%	–
SEAS	Exit	SEAWORLD ENTERTAINMENT INC	$0	–	-331,505	–	-0.85%	–
MTG	Exit	MGIC INVESTMENT CORP	$0	–	-571,660	–	-1.01%	–
GBCI	Exit	GLACIER BANCORP INC	$0	–	-198,885	–	-1.15%	–
STE	Exit	STERIS PLC	$0	–	-96,755	–	-1.24%	–
KNX	Exit	KNIGHT TRANSPORTATION INC	$0	–	-218,002	–	-1.28%	–
TCO	Exit	TAUBMAN CENTERS INC	$0	–	-159,610	–	-1.50%	–
SLCA	Exit	US SILICA HOLDINGS INC	$0	–	-302,050	–	-1.69%	–
ZION	Exit	ZIONS BANCORPORATION	$0	–	-289,335	–	-2.00%	–

Q2 2017

			Value		Shares		↓ Weighting
SIG	New	SIGNET JEWELERS LTD	$27,080,000	–	428,210	–	4.27%	–
MIK	New	MICHAELS COS INC/THE	$21,701,000	–	1,171,775	–	3.42%	–
EVHC	New	ENVISION HEALTHCARE CORP	$19,139,000	–	305,385	–	3.02%	–
THS	New	TREEHOUSE FOODS INC	$17,497,000	–	214,190	–	2.76%	–
STL	New	STERLING BANCORP	$16,246,000	–	698,735	–	2.56%	–
FET	New	FORUM ENERGY TECHNOLOGIES INC	$16,173,000	–	1,036,700	–	2.55%	–
FHB	New	FIRST HAWAIIAN INC	$15,386,000	–	502,489	–	2.43%	–
OUT	New	OUTFRONT MEDIA INC	$15,066,000	–	651,660	–	2.38%	–
EVTC	New	EVERTEC INC	$14,861,000	–	859,020	–	2.34%	–
RSPP	New	RSP PERMIAN INC	$13,023,000	–	403,567	–	2.06%	–
KAR	New	KAR AUCTION SERVICES INC	$12,705,000	–	302,710	–	2.00%	–
ZION	New	ZIONS BANCORPORATION	$12,705,000	–	289,335	–	2.00%	–
NWE	New	NORTHWESTERN CORP	$12,016,000	–	196,920	–	1.90%	–
POST	New	POST HOLDINGS INC	$11,968,000	–	154,130	–	1.89%	–
NPO	New	ENPRO INDUSTRIES INC	$11,874,000	–	166,370	–	1.87%	–
ASNA	New	ASCENA RETAIL GROUP INC	$11,721,000	–	5,451,695	–	1.85%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$11,368,000	–	228,050	–	1.79%	–
DBD	New	DIEBOLD INC	$11,112,000	–	396,849	–	1.75%	–
ARGO	New	ARGO GROUP INTERNATIONAL HOLDINGS LTD	$11,031,000	–	182,030	–	1.74%	–
SLCA	New	US SILICA HOLDINGS INC	$10,720,000	–	302,050	–	1.69%	–
WTFC	New	WINTRUST FINANCIAL CORP	$10,590,000	–	138,535	–	1.67%	–
SBH	New	SALLY BEAUTY HOLDINGS INC	$10,559,000	–	521,440	–	1.67%	–
APAM	New	ARTISAN PARTNERS ASSET MANAGEMENT INCcl a	$10,498,000	–	341,965	–	1.66%	–
FAF	New	FIRST AMERICAN FINANCIAL CORP	$10,425,000	–	233,270	–	1.64%	–
RWT	New	REDWOOD TRUST INC	$10,212,000	–	599,284	–	1.61%	–
HAIN	New	HAIN CELESTIAL GROUP INC	$10,028,000	–	258,320	–	1.58%	–
WPX	New	WPX ENERGY INC	$9,748,000	–	1,009,077	–	1.54%	–
TCO	New	TAUBMAN CENTERS INC	$9,505,000	–	159,610	–	1.50%	–
NTB	New	BANK OF NT BUTTERFIELD & SON LTD/THE	$9,342,000	–	273,945	–	1.47%	–
CBPX	New	CONTINENTAL BUILDING PRODUCTS INC	$9,150,000	–	392,707	–	1.44%	–
WAFD	New	WASHINGTON FEDERAL INC	$9,119,000	–	274,663	–	1.44%	–
AL	New	AIR LEASE CORP	$9,009,000	–	241,145	–	1.42%	–
TCBI	New	TEXAS CAPITAL BA	$8,909,000	–	115,104	–	1.41%	–
GWR	New	GENESEE & WYOMING INC - CL Acl a	$8,688,000	–	127,040	–	1.37%	–
RBA	New	RITCHIE BROS AUCTIONEERS INC	$8,644,000	–	300,780	–	1.36%	–
UMBF	New	UMB FINANCIAL CORP	$8,491,000	–	113,419	–	1.34%	–
SLGN	New	SILGAN HOLDINGS INC	$8,210,000	–	258,330	–	1.30%	–
BKU	New	BANKUNITED INC	$8,105,000	–	240,420	–	1.28%	–
KNX	New	KNIGHT TRANSPORTATION INC	$8,077,000	–	218,002	–	1.28%	–
OASPQ	New	OASIS PETROLEUM INC	$8,049,000	–	999,930	–	1.27%	–
STE	New	STERIS PLC	$7,886,000	–	96,755	–	1.24%	–
TEX	New	TEREX CORP	$7,867,000	–	209,780	–	1.24%	–
EPAC	New	ACTUANT CORPcl a new	$7,568,000	–	307,625	–	1.19%	–
PRTY	New	PARTY CITY HOLDCO INC	$7,325,000	–	468,032	–	1.16%	–
GBCI	New	GLACIER BANCORP INC	$7,281,000	–	198,885	–	1.15%	–
RGP	New	RESOURCES CONNECTION INC	$7,192,000	–	524,984	–	1.14%	–
CATY	New	CATHAY GENERAL BANCORPcl a	$7,130,000	–	187,870	–	1.12%	–
KEX	New	KIRBY CORP	$7,117,000	–	106,460	–	1.12%	–
CXW	New	CORECIVIC INC	$7,072,000	–	256,410	–	1.12%	–
HWC	New	HANCOCK HOLDING CO	$7,035,000	–	143,579	–	1.11%	–
ITGR	New	INTEGER HOLDINGS CORP	$6,995,000	–	161,742	–	1.10%	–
KFY	New	KORN/FERRY INTERNATIONAL	$6,782,000	–	196,397	–	1.07%	–
PAY	New	VERIFONE SYSTEMS INC	$6,582,000	–	363,644	–	1.04%	–
MTG	New	MGIC INVESTMENT CORP	$6,403,000	–	571,660	–	1.01%	–
BIO	New	BIO-RAD LABORATORIES INCcl a	$6,166,000	–	27,245	–	0.97%	–
AMED	New	AMEDISYS INC	$6,108,000	–	97,245	–	0.96%	–
AIMC	New	ALTRA INDUSTRIAL MOTION CORP	$5,483,000	–	137,770	–	0.86%	–
SEAS	New	SEAWORLD ENTERTAINMENT INC	$5,394,000	–	331,505	–	0.85%	–
EXPR	New	EXPRESS INC	$5,025,000	–	744,440	–	0.79%	–
SCS	New	STEELCASE INCcl a	$4,845,000	–	346,050	–	0.76%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$1,545,000	–	10,710	–	0.24%	–
NDAQ	New	NASDAQ OMX GROUP INC/THE	$1,358,000	–	19,000	–	0.21%	–
AER	New	AERCAP HOLDINGS	$1,232,000	–	26,540	–	0.19%	–
LKQ	New	LKQ CORP	$1,209,000	–	36,680	–	0.19%	–
WAB	New	WABTEC CORP/DE	$1,166,000	–	12,740	–	0.18%	–
IRM	New	IRON MOUNTAIN INC	$1,161,000	–	33,800	–	0.18%	–
SBNY	New	SIGNATURE BANK/NEW YORK NY	$1,129,000	–	7,868	–	0.18%	–
VVV	New	VALVOLINE INC	$1,101,000	–	46,410	–	0.17%	–
AMG	New	AFFILIATED MANAGERS GROUP INC	$1,101,000	–	6,640	–	0.17%	–
FANG	New	DIAMONDBACK ENERGY INC	$1,102,000	–	12,410	–	0.17%	–
FRC	New	FIRST REPUBLIC BANK/CA	$1,082,000	–	10,807	–	0.17%	–
AME	New	AMETEK INC	$1,056,000	–	17,440	–	0.17%	–
WFTIQ	New	WEATHERFORD INTL PLC	$1,051,000	–	271,670	–	0.17%	–
RHI	New	ROBERT HALF INTERNATIONAL INC	$1,046,000	–	21,820	–	0.16%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$1,036,000	–	7,450	–	0.16%	–
WRK	New	WESTROCK CO	$998,000	–	17,610	–	0.16%	–
EWBC	New	EAST WEST BANCORP INC	$914,000	–	15,600	–	0.14%	–
SABR	New	SABRE CORP	$827,000	–	37,980	–	0.13%	–
XL	New	XL GROUP LTD	$798,000	–	18,210	–	0.13%	–
RS	New	RELIANCE STEEL & ALUMINUM CO	$390,000	–	5,350	–	0.06%	–
USFD	New	US FOODS HOLDING CORP	$384,000	–	14,100	–	0.06%	–

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