ELCO Management Co., LLC Activity Q3 2016-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
LNG	Buy	CHENIERE ENERGY INC	$8,609,009	+9.0%	51,874	+0.1%	6.22%	+8.8%
WMB	Sell	WILLIAMS COS INC	$8,364,082	+0.5%	248,266	-2.7%	6.04%	+0.3%
ET	Sell	ENERGY TRANSFER L P	$7,878,457	+10.4%	561,544	-0.1%	5.69%	+10.2%
AAPL	Sell	APPLE INC	$5,543,780	-17.9%	32,380	-6.9%	4.00%	-18.0%
TRGP	Sell	TARGA RES CORP	$5,115,170	+12.5%	59,673	-0.1%	3.69%	+12.3%
HXL	Buy	HEXCEL CORP NEW	$4,960,411	-11.3%	76,150	+3.5%	3.58%	-11.5%
GOOG	Sell	ALPHABET INCcap stk cl c	$3,916,341	+7.0%	29,703	-1.8%	2.83%	+6.8%
MSFT	Sell	MICROSOFT CORP	$3,794,052	-10.1%	12,016	-3.1%	2.74%	-10.3%
AMZN	Sell	AMAZON COM INC	$3,791,735	-3.1%	29,828	-0.7%	2.74%	-3.3%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$3,315,535	-3.1%	7,756	+0.5%	2.39%	-3.2%
MPLX	Sell	MPLX LP	$3,302,959	+2.0%	92,858	-2.6%	2.38%	+1.8%
ABBV	Sell	ABBVIE INC	$2,691,427	+10.2%	18,056	-0.4%	1.94%	+10.1%
HD	Sell	HOME DEPOT INC	$2,526,360	-3.2%	8,361	-0.5%	1.82%	-3.4%
XYLD	Buy	GLOBAL X FDSs&p 500 covered	$2,512,294	-4.8%	64,600	+0.5%	1.81%	-5.0%
PAA	Sell	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,415,857	+8.6%	157,693	-0.0%	1.74%	+8.5%
SUN	Sell	SUNOCO LP/SUNOCO FIN CORP	$2,372,949	+6.9%	48,477	-4.9%	1.71%	+6.7%
WES	Sell	WESTERN MIDSTREAM PARTNERS L	$2,168,434	+2.0%	79,634	-0.6%	1.57%	+1.8%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,827,111	-28.5%	14,755	-17.6%	1.32%	-28.7%
GEL	Buy	GENESIS ENERGY L Punit ltd partn	$1,678,063	+29.2%	162,603	+19.5%	1.21%	+28.9%
OKE	Buy	ONEOK INC NEW	$1,676,582	+107.9%	26,432	+102.3%	1.21%	+107.7%
HON	Buy	HONEYWELL INTL INC	$1,668,387	-10.0%	9,031	+1.0%	1.20%	-10.2%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$1,638,833	+5.3%	59,877	+1.4%	1.18%	+5.1%
HUBB	Sell	HUBBELL INC	$1,630,986	-8.9%	5,204	-3.6%	1.18%	-9.0%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$1,553,240	+22.6%	29,000	+26.6%	1.12%	+22.4%
BA	Buy	BOEING CO	$1,374,346	+4.9%	7,170	+15.6%	0.99%	+4.6%
PG	Sell	PROCTER AND GAMBLE CO	$1,355,039	-4.9%	9,290	-1.1%	0.98%	-5.0%
ILMN	Sell	ILLUMINA INC	$1,338,205	-30.7%	9,748	-5.3%	0.97%	-30.8%
PXD	New	PIONEER NAT RES CO	$1,262,525	–	5,500	–	0.91%	–
JPM	Buy	JPMORGAN CHASE & CO	$1,167,701	-0.0%	8,052	+0.2%	0.84%	-0.2%
SRE	Buy	SEMPRA	$1,017,593	-17.4%	14,958	+76.8%	0.74%	-17.5%
DIS	Sell	DISNEY WALT CO	$929,076	-21.6%	11,463	-13.6%	0.67%	-21.7%
ETRN	Buy	EQUITRANS MIDSTREAM CORP	$923,573	+5.1%	98,567	+7.2%	0.67%	+4.9%
RTX	Buy	RTX CORPORATION	$914,451	-4.6%	12,706	+29.8%	0.66%	-4.9%
NEE	Buy	NEXTERA ENERGY INC	$900,771	+37.5%	15,723	+78.1%	0.65%	+37.1%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$860,051	+1.0%	3,422	-1.1%	0.62%	+0.8%
MCD	Sell	MCDONALDS CORP	$854,336	-20.3%	3,243	-9.7%	0.62%	-20.4%
PFS	Buy	PROVIDENT FINL SVCS INC	$853,396	+14.1%	55,814	+21.9%	0.62%	+13.9%
VRRKF	Sell	VERSABANK NEW	$804,187	+2.7%	102,379	-0.9%	0.58%	+2.5%
CARR	Sell	CARRIER GLOBAL CORPORATION	$801,946	+8.9%	14,528	-1.9%	0.58%	+8.6%
GLW	Sell	CORNING INC	$796,669	-16.0%	26,146	-3.5%	0.58%	-16.3%
MAR	Sell	MARRIOTT INTL INC NEWcl a	$777,788	+5.8%	3,957	-1.1%	0.56%	+5.6%
SWN	Buy	SOUTHWESTERN ENERGY CO	$722,400	+97.0%	112,000	+83.6%	0.52%	+97.0%
MDT	Sell	MEDTRONIC PLC	$710,177	-24.1%	9,063	-14.6%	0.51%	-24.2%
NVDA	Buy	NVIDIA CORPORATION	$670,755	+3.3%	1,542	+0.5%	0.48%	+3.0%
JNJ	Sell	JOHNSON & JOHNSON	$632,968	-23.4%	4,064	-18.6%	0.46%	-23.6%
XYL	Buy	XYLEM INC	$612,086	-4.1%	6,724	+18.6%	0.44%	-4.3%
QYLD	Buy	GLOBAL X FDSnasdaq 100 cover	$588,627	+9.8%	35,100	+16.2%	0.42%	+9.5%
CVS	Sell	CVS HEALTH CORP	$566,519	-2.5%	8,114	-3.5%	0.41%	-2.9%
OTIS	Sell	OTIS WORLDWIDE CORP	$555,986	-11.3%	6,923	-1.7%	0.40%	-11.3%
ARLP	New	ALLIANCE RESOURCE PARTNERS Lut ltd part	$545,564	–	24,215	–	0.39%	–
	Buy	CORE & MAIN INCcl a	$497,114	+3.9%	17,231	+12.9%	0.36%	+3.8%
ZBH	Buy	ZIMMER BIOMET HOLDINGS INC	$475,701	-22.3%	4,239	+0.8%	0.34%	-22.3%
EVG	Sell	EATON VANCE SHORT DURATION D	$473,650	+5.0%	45,675	-0.7%	0.34%	+4.9%
WTRG	Sell	ESSENTIAL UTILS INC	$462,562	-56.4%	13,474	-49.3%	0.33%	-56.5%
FRST	Buy	PRIMIS FINANCIAL CORP	$453,401	+71.4%	55,632	+77.0%	0.33%	+71.2%
SBS	Sell	COMPANHIA DE SANEAMENTO BASIsponsored adr	$440,550	-18.2%	36,349	-20.1%	0.32%	-18.5%
SHBI	Buy	SHORE BANCSHARES INC	$423,945	+54.4%	40,299	+69.7%	0.31%	+53.8%
CSX	Buy	CSX CORP	$419,645	+11.3%	13,647	+23.4%	0.30%	+11.0%
CMI	Sell	CUMMINS INC	$415,797	-12.2%	1,820	-5.8%	0.30%	-12.5%
KO	Sell	COCA COLA CO	$412,629	-8.2%	7,371	-1.3%	0.30%	-8.3%
DHR	Buy	DANAHER CORPORATION	$407,876	+29.0%	1,644	+24.8%	0.30%	+28.8%
	Sell	GSK PLCsponsored adr	$392,696	-8.3%	10,833	-9.9%	0.28%	-8.4%
	New	KENVUE INC	$363,709	–	18,113	–	0.26%	–
BDJ	Sell	BLACKROCK ENHANCED EQUITY DI	$355,570	-12.5%	46,724	-4.1%	0.26%	-12.6%
POOL	Buy	POOL CORP	$350,046	+31.6%	983	+38.5%	0.25%	+31.8%
PAGP	Buy	PLAINS GP HLDGS L Pltd partnr int a	$319,289	+14.4%	19,807	+5.3%	0.23%	+14.4%
TTEK	Sell	TETRA TECH INC NEW	$317,591	-16.6%	2,089	-10.2%	0.23%	-17.0%
ETJ	Sell	EATON VANCE RISK-MANAGED DIV	$295,288	-7.0%	38,449	-0.5%	0.21%	-7.4%
NEP	Buy	NEXTERA ENERGY PARTNERS LP	$288,684	-40.5%	9,720	+17.5%	0.21%	-40.7%
XLF	Sell	SELECT SECTOR SPDR TRfinancial	$273,818	-4.5%	8,255	-2.9%	0.20%	-4.3%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$270,354	-16.9%	2,100	-14.3%	0.20%	-17.0%
AWR	New	AMER STATES WTR CO	$266,017	–	3,381	–	0.19%	–
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$252,977	+4.2%	1,623	+19.8%	0.18%	+4.0%
VMI	New	VALMONT INDS INC	$230,121	–	958	–	0.17%	–
NFE	New	NEW FORTRESS ENERGY INC	$229,460	–	7,000	–	0.17%	–
BCRX	Buy	BIOCRYST PHARMACEUTICALS INC	$225,222	+136.2%	31,811	+134.9%	0.16%	+136.2%
HRMY	New	HARMONY BIOSCIENCES HLDGS IN	$209,793	–	6,402	–	0.15%	–
SFST	New	SOUTHERN FIRST BANCSHARES	$207,411	–	7,699	–	0.15%	–
LNN	Sell	LINDSAY CORP	$207,705	-30.6%	1,765	-29.6%	0.15%	-30.9%
FBMS	New	FIRST BANCSHARES INC MS	$200,582	–	7,437	–	0.14%	–
MWA	New	MUELLER WTR PRODS INC	$183,010	–	14,433	–	0.13%	–
USA	Sell	LIBERTY ALL STAR EQUITY FDsh ben int	$178,097	-10.0%	30,084	-1.7%	0.13%	-9.8%
MCN	Sell	MADISON COVERED CALL & EQUIT	$164,187	-4.8%	23,223	-0.3%	0.12%	-4.8%
GLDD	New	GREAT LAKES DREDGE & DOCK CO	$158,970	–	19,946	–	0.12%	–
SWIM	New	LATHAM GROUP INC	$118,429	–	42,296	–	0.09%	–
HTZZW	New	HERTZ GLOBAL HLDGS INC*w exp 06/30/205	$67,320	–	11,000	–	0.05%	–
	New	2SEVENTY BIO INC	$66,840	–	17,051	–	0.05%	–
CHRS	New	COHERUS BIOSCIENCES INC	$56,825	–	15,194	–	0.04%	–
KPTI	Buy	KARYOPHARM THERAPEUTICS INC	$30,232	+25.4%	22,561	+67.4%	0.02%	+29.4%
ADCT	Buy	ADC THERAPEUTICS SA	$19,314	-23.9%	21,532	+82.5%	0.01%	-22.2%
JBLU	Exit	JETBLUE AWYS CORP	$0	–	-15,000	–	-0.10%	–
DE	Exit	DEERE & CO	$0	–	-500	–	-0.15%	–
WMT	Exit	WALMART INC	$0	–	-1,334	–	-0.15%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-10,498	–	-0.18%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,730	–	-0.18%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-566	–	-0.18%	–
CWEN	Exit	CLEARWAY ENERGY INCcl c	$0	–	-18,311	–	-0.38%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-8,524	–	-0.38%	–

Q2 2023

			Value		Shares		↓ Weighting
WMB	New	WILLIAMS COS INC	$8,323,065	–	255,074	–	6.02%	–
LNG	New	CHENIERE ENERGY INC	$7,898,952	–	51,844	–	5.72%	–
ET	New	ENERGY TRANSFER L P	$7,136,326	–	561,915	–	5.16%	–
AAPL	New	APPLE INC	$6,749,186	–	34,795	–	4.88%	–
HXL	New	HEXCEL CORP NEW	$5,594,540	–	73,593	–	4.05%	–
TRGP	New	TARGA RES CORP	$4,545,757	–	59,734	–	3.29%	–
MSFT	New	MICROSOFT CORP	$4,222,015	–	12,398	–	3.05%	–
AMZN	New	AMAZON COM INC	$3,914,189	–	30,026	–	2.83%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,659,947	–	30,255	–	2.65%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,419,905	–	7,715	–	2.47%	–
MPLX	New	MPLX LP	$3,236,994	–	95,374	–	2.34%	–
XYLD	New	GLOBAL X FDSs&p 500 covered	$2,639,515	–	64,300	–	1.91%	–
HD	New	HOME DEPOT INC	$2,610,929	–	8,405	–	1.89%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,557,081	–	17,913	–	1.85%	–
ABBV	New	ABBVIE INC	$2,441,442	–	18,121	–	1.77%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,223,993	–	157,730	–	1.61%	–
SUN	New	SUNOCO LP/SUNOCO FIN CORP	$2,220,689	–	50,980	–	1.61%	–
WES	New	WESTERN MIDSTREAM PARTNERS L	$2,125,658	–	80,153	–	1.54%	–
ABT	New	ABBOTT LABS	$2,033,768	–	18,655	–	1.47%	–
ILMN	New	ILLUMINA INC	$1,930,022	–	10,294	–	1.40%	–
HON	New	HONEYWELL INTL INC	$1,854,635	–	8,938	–	1.34%	–
HUBB	New	HUBBELL INC	$1,790,424	–	5,400	–	1.30%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$1,555,994	–	59,051	–	1.13%	–
PG	New	PROCTER AND GAMBLE CO	$1,424,839	–	9,390	–	1.03%	–
BA	New	BOEING CO	$1,310,037	–	6,204	–	0.95%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$1,299,182	–	136,040	–	0.94%	–
EQT	New	EQT CORP	$1,299,708	–	31,600	–	0.94%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$1,267,057	–	22,900	–	0.92%	–
SRE	New	SEMPRA	$1,231,691	–	8,460	–	0.89%	–
DIS	New	DISNEY WALT CO	$1,184,656	–	13,269	–	0.86%	–
JPM	New	JPMORGAN CHASE & CO	$1,168,174	–	8,032	–	0.84%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$1,099,703	–	9,725	–	0.80%	–
MCD	New	MCDONALDS CORP	$1,071,292	–	3,590	–	0.78%	–
WTTR	New	SELECT WATER SOLUTIONS INC	$1,070,877	–	132,207	–	0.78%	–
WTRG	New	ESSENTIAL UTILS INC	$1,061,526	–	26,598	–	0.77%	–
CL	New	COLGATE PALMOLIVE CO	$1,040,040	–	13,500	–	0.75%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$958,832	–	9,788	–	0.69%	–
GLW	New	CORNING INC	$948,918	–	27,081	–	0.69%	–
MDT	New	MEDTRONIC PLC	$935,181	–	10,615	–	0.68%	–
ETRN	New	EQUITRANS MIDSTREAM CORP	$878,803	–	91,925	–	0.64%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$851,856	–	3,461	–	0.62%	–
JNJ	New	JOHNSON & JOHNSON	$826,110	–	4,991	–	0.60%	–
OKE	New	ONEOK INC NEW	$806,372	–	13,065	–	0.58%	–
PRI	New	PRIMERICA INC	$791,040	–	4,000	–	0.57%	–
VRRKF	New	VERSABANK NEW	$783,423	–	103,354	–	0.57%	–
PFS	New	PROVIDENT FINL SVCS INC	$748,241	–	45,792	–	0.54%	–
CARR	New	CARRIER GLOBAL CORPORATION	$736,255	–	14,811	–	0.53%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$734,944	–	4,001	–	0.53%	–
ETY	New	EATON VANCE TAX-MANAGED DIVE	$708,974	–	56,900	–	0.51%	–
IXJ	New	ISHARES TRglob hlthcre etf	$701,847	–	8,258	–	0.51%	–
NEE	New	NEXTERA ENERGY INC	$655,112	–	8,829	–	0.47%	–
NVDA	New	NVIDIA CORPORATION	$649,336	–	1,535	–	0.47%	–
XYL	New	XYLEM INC	$638,442	–	5,669	–	0.46%	–
OTIS	New	OTIS WORLDWIDE CORP	$626,630	–	7,040	–	0.45%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$615,986	–	3,543	–	0.45%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$612,102	–	4,204	–	0.44%	–
	New	USCB FINANCIAL HOLDINGS INC	$611,337	–	59,935	–	0.44%	–
CVS	New	CVS HEALTH CORP	$581,245	–	8,408	–	0.42%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$558,000	–	5,000	–	0.40%	–
YORW	New	YORK WTR CO	$550,872	–	13,348	–	0.40%	–
LNKB	New	LINKBANCORP INC	$544,374	–	90,729	–	0.39%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$538,862	–	45,512	–	0.39%	–
QYLD	New	GLOBAL X FDSnasdaq 100 cover	$536,050	–	30,200	–	0.39%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$531,216	–	8,524	–	0.38%	–
CWEN	New	CLEARWAY ENERGY INCcl c	$522,962	–	18,311	–	0.38%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$485,246	–	8,275	–	0.35%	–
	New	CORE & MAIN INCcl a	$478,342	–	15,263	–	0.35%	–
CMI	New	CUMMINS INC	$473,649	–	1,932	–	0.34%	–
PPA	New	INVESCO EXCHANGE TRADED FD Taerospace defn	$468,640	–	5,548	–	0.34%	–
EVG	New	EATON VANCE SHORT DURATION D	$451,260	–	46,000	–	0.33%	–
KO	New	COCA COLA CO	$449,663	–	7,467	–	0.32%	–
OLED	New	UNIVERSAL DISPLAY CORP	$432,390	–	3,000	–	0.31%	–
	New	GSK PLCsponsored adr	$428,322	–	12,018	–	0.31%	–
FELE	New	FRANKLIN ELEC INC	$428,578	–	4,165	–	0.31%	–
GWRS	New	GLOBAL WTR RES INC	$426,302	–	33,620	–	0.31%	–
ECL	New	ECOLAB INC	$424,346	–	2,273	–	0.31%	–
MNSB	New	MAINSTREET BANCSHARES INC	$407,359	–	17,977	–	0.30%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DI	$406,158	–	48,700	–	0.29%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$406,656	–	353	–	0.29%	–
MAS	New	MASCO CORP	$402,693	–	7,018	–	0.29%	–
TTEK	New	TETRA TECH INC NEW	$381,023	–	2,327	–	0.28%	–
CSX	New	CSX CORP	$376,975	–	11,055	–	0.27%	–
SWN	New	SOUTHWESTERN ENERGY CO	$366,610	–	61,000	–	0.26%	–
CSQ	New	CALAMOS STRATEGIC TOTAL RETU	$358,425	–	24,300	–	0.26%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$325,188	–	2,450	–	0.24%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$321,960	–	3,000	–	0.23%	–
ETJ	New	EATON VANCE RISK-MANAGED DIV	$317,497	–	38,625	–	0.23%	–
DHR	New	DANAHER CORPORATION	$316,080	–	1,317	–	0.23%	–
EQBK	New	EQUITY BANCSHARES INC	$305,389	–	13,406	–	0.22%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$305,195	–	895	–	0.22%	–
BFST	New	BUSINESS FIRST BANCSHARES IN	$300,451	–	19,937	–	0.22%	–
LNN	New	LINDSAY CORP	$299,305	–	2,508	–	0.22%	–
BCAL	New	SOUTHERN CALIF BANCORP	$296,379	–	21,602	–	0.21%	–
QCOM	New	QUALCOMM INC	$291,648	–	2,450	–	0.21%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$286,704	–	8,505	–	0.21%	–
KMI	New	KINDER MORGAN INC DEL	$281,823	–	16,366	–	0.20%	–
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$278,982	–	18,812	–	0.20%	–
ARTNA	New	ARTESIAN RES CORPcl a	$277,465	–	5,876	–	0.20%	–
SHBI	New	SHORE BANCSHARES INC	$274,538	–	23,749	–	0.20%	–
POOL	New	POOL CORP	$265,994	–	710	–	0.19%	–
FRST	New	PRIMIS FINANCIAL CORP	$264,573	–	31,422	–	0.19%	–
	New	ZURN ELKAY WATER SOLNS CORP	$258,171	–	9,601	–	0.19%	–
BST	New	BLACKROCK SCIENCE & TECHNOLO	$254,856	–	7,400	–	0.18%	–
IVV	New	ISHARES TRcore s&p500 etf	$252,272	–	566	–	0.18%	–
VZ	New	VERIZON COMMUNICATIONS INC	$250,292	–	6,730	–	0.18%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$250,272	–	10,498	–	0.18%	–
NGL	New	NGL ENERGY PARTNERS LP	$245,245	–	63,045	–	0.18%	–
V	New	VISA INC	$242,705	–	1,022	–	0.18%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$242,884	–	1,355	–	0.18%	–
CSTR	New	CAPSTAR FINL HLDGS INC	$231,375	–	18,857	–	0.17%	–
ARCC	New	ARES CAPITAL CORP	$225,480	–	12,000	–	0.16%	–
WMT	New	WALMART INC	$209,678	–	1,334	–	0.15%	–
NYCB	New	NEW YORK CMNTY BANCORP INC	$203,343	–	18,091	–	0.15%	–
DE	New	DEERE & CO	$202,595	–	500	–	0.15%	–
STWD	New	STARWOOD PPTY TR INC	$199,820	–	10,300	–	0.14%	–
USA	New	LIBERTY ALL STAR EQUITY FDsh ben int	$197,982	–	30,600	–	0.14%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$193,590	–	13,500	–	0.14%	–
IMAX	New	IMAX CORP	$178,395	–	10,500	–	0.13%	–
MRBK	New	MERIDIAN CORPORATION	$178,576	–	18,222	–	0.13%	–
MCN	New	MADISON COVERED CALL & EQUIT	$172,420	–	23,300	–	0.12%	–
FTF	New	FRANKLIN LTD DURATION INCOME	$154,500	–	25,000	–	0.11%	–
JBLU	New	JETBLUE AWYS CORP	$132,900	–	15,000	–	0.10%	–
BCRX	New	BIOCRYST PHARMACEUTICALS INC	$95,335	–	13,542	–	0.07%	–
RVSB	New	RIVERVIEW BANCORP INC	$69,265	–	13,743	–	0.05%	–
NCV	New	VIRTUS CONVERTIBLE & INCOME	$45,240	–	13,000	–	0.03%	–
ADCT	New	ADC THERAPEUTICS SA	$25,368	–	11,799	–	0.02%	–
KPTI	New	KARYOPHARM THERAPEUTICS INC	$24,118	–	13,474	–	0.02%	–
LCTX	New	LINEAGE CELL THERAPEUTICS IN	$16,920	–	12,000	–	0.01%	–
CLEU	New	CHINA LIBERAL ED HLDGS LTDord	$11,500	–	10,000	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
CLEU	Exit	CHINA LIBERAL ED HLDGS LTDord	$0	–	-10,000	–	-0.01%	–
IZEA	Exit	IZEA WORLDWIDE INC	$0	–	-10,000	–	-0.01%	–
LCTX	Exit	LINEAGE CELL THERAPEUTICS IN	$0	–	-12,000	–	-0.01%	–
NCV	Exit	VIRTUS CONVERTIBLE & INCOME	$0	–	-13,000	–	-0.03%	–
TME	Exit	TENCENT MUSIC ENTMT GROUPspon ads	$0	–	-10,000	–	-0.03%	–
JBLU	Exit	JETBLUE AWYS CORP	$0	–	-11,000	–	-0.06%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-68,250	–	-0.07%	–
PAGP	Exit	PLAINS GP HLDGS L Pltd partnr int a	$0	–	-11,667	–	-0.10%	–
OSBC	Exit	OLD SECOND BANCORP INC ILL	$0	–	-10,366	–	-0.11%	–
GER	Exit	GOLDMAN SACHS MLP ENERGY REN	$0	–	-11,384	–	-0.11%	–
MCN	Exit	MADISON COVERED CALL & EQUIT	$0	–	-21,900	–	-0.11%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-14,000	–	-0.11%	–
IMAX	Exit	IMAX CORP	$0	–	-10,700	–	-0.12%	–
USA	Exit	LIBERTY ALL STAR EQUITY FDsh ben int	$0	–	-31,900	–	-0.14%	–
FTF	Exit	FRANKLIN LTD DURATION INCOME	$0	–	-29,000	–	-0.14%	–
STWD	Exit	STARWOOD PPTY TR INC	$0	–	-10,300	–	-0.15%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-12,000	–	-0.16%	–
GLDD	Exit	GREAT LAKES DREDGE & DOCK CO	$0	–	-26,785	–	-0.16%	–
OKE	Exit	ONEOK INC NEW	$0	–	-4,175	–	-0.17%	–
GLD	Exit	SPDR GOLD TR	$0	–	-1,400	–	-0.17%	–
BST	Exit	BLACKROCK SCIENCE & TECHNOLO	$0	–	-7,400	–	-0.17%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-1,355	–	-0.17%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-24,260	–	-0.18%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-13,573	–	-0.18%	–
ECL	Exit	ECOLAB INC	$0	–	-1,573	–	-0.18%	–
CIVB	Exit	CIVISTA BANCSHARES INC	$0	–	-10,948	–	-0.18%	–
AWR	Exit	AMER STATES WTR CO	$0	–	-3,012	–	-0.19%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-36,844	–	-0.19%	–
CSTR	Exit	CAPSTAR FINL HLDGS INC	$0	–	-12,821	–	-0.19%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-2,990	–	-0.19%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-895	–	-0.19%	–
ITRI	Exit	ITRON INC	$0	–	-5,733	–	-0.19%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-27,324	–	-0.20%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,000	–	-0.20%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-41,000	–	-0.20%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-5,000	–	-0.20%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,720	–	-0.20%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-8,705	–	-0.21%	–
	Exit	THIRD COAST BANCSHARES INC	$0	–	-15,433	–	-0.21%	–
PNR	Exit	PENTAIR PLC	$0	–	-6,529	–	-0.21%	–
WMT	Exit	WALMART INC	$0	–	-2,095	–	-0.22%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-3,000	–	-0.22%	–
CBAN	Exit	COLONY BANKCORP INC	$0	–	-21,733	–	-0.22%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,094	–	-0.22%	–
ETJ	Exit	EATON VANCE RISK-MANAGED DIV	$0	–	-34,075	–	-0.22%	–
ARTNA	Exit	ARTESIAN RES CORPcl a	$0	–	-5,876	–	-0.22%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,500	–	-0.22%	–
MYFW	Exit	FIRST WESTN FINL INC	$0	–	-11,604	–	-0.23%	–
SJW	Exit	SJW GROUP	$0	–	-5,012	–	-0.23%	–
QYLD	Exit	GLOBAL X FDSnasdaq 100 cover	$0	–	-18,500	–	-0.23%	–
CSQ	Exit	CALAMOS STRATEGIC TOTAL RETU	$0	–	-23,800	–	-0.24%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-3,626	–	-0.24%	–
FBMS	Exit	FIRST BANCSHARES INC MS	$0	–	-10,262	–	-0.24%	–
CALB	Exit	CALIFORNIA BANCORP INC	$0	–	-15,396	–	-0.25%	–
POOL	Exit	POOL CORP	$0	–	-1,000	–	-0.25%	–
MAS	Exit	MASCO CORP	$0	–	-7,018	–	-0.26%	–
PGC	Exit	PEAPACK-GLADSTONE FINL CORP	$0	–	-10,000	–	-0.27%	–
LMST	Exit	LIMESTONE BANCORP INC	$0	–	-17,175	–	-0.27%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-2,900	–	-0.28%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-7,394	–	-0.28%	–
BFST	Exit	BUSINESS FIRST BANCSHARES IN	$0	–	-16,499	–	-0.28%	–
	Exit	FINWISE BANCORP	$0	–	-40,000	–	-0.29%	–
PPA	Exit	INVESCO EXCHANGE TRADED FD Taerospace defn	$0	–	-5,598	–	-0.29%	–
ETRN	Exit	EQUITRANS MIDSTREAM CORP	$0	–	-49,038	–	-0.29%	–
LNN	Exit	LINDSAY CORP	$0	–	-2,638	–	-0.30%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-5,235	–	-0.30%	–
	Exit	CORE & MAIN INCcl a	$0	–	-16,678	–	-0.30%	–
ISTR	Exit	INVESTAR HLDG CORP	$0	–	-20,000	–	-0.32%	–
EQBK	Exit	EQUITY BANCSHARES INC	$0	–	-13,556	–	-0.32%	–
XYL	Exit	XYLEM INC	$0	–	-4,787	–	-0.33%	–
SHBI	Exit	SHORE BANCSHARES INC	$0	–	-24,112	–	-0.33%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-3,543	–	-0.34%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-350	–	-0.34%	–
KO	Exit	COCA COLA CO	$0	–	-7,532	–	-0.34%	–
CMI	Exit	CUMMINS INC	$0	–	-2,082	–	-0.34%	–
BDJ	Exit	BLACKROCK ENHANCED EQUITY DI	$0	–	-53,200	–	-0.34%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-38,222	–	-0.36%	–
YORW	Exit	YORK WTR CO	$0	–	-11,701	–	-0.36%	–
SFST	Exit	SOUTHERN FIRST BANCSHARES	$0	–	-10,918	–	-0.36%	–
	Exit	USCB FINANCIAL HOLDINGS INC	$0	–	-35,114	–	-0.37%	–
EVG	Exit	EATON VANCE SHORT DURATION D	$0	–	-46,900	–	-0.37%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-5,000	–	-0.37%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-7,634	–	-0.39%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.39%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-4,789	–	-0.40%	–
	Exit	ARCHAEA ENERGY INC	$0	–	-29,144	–	-0.42%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-14,811	–	-0.42%	–
FRST	Exit	PRIMIS FINANCIAL CORP	$0	–	-45,544	–	-0.44%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-4,055	–	-0.45%	–
WTTR	Exit	SELECT ENERGY SVCS INC	$0	–	-85,631	–	-0.48%	–
	Exit	ZURN ELKAY WATER SOLNS CORP	$0	–	-24,735	–	-0.48%	–
D	Exit	DOMINION ENERGY INC	$0	–	-9,126	–	-0.50%	–
ETY	Exit	EATON VANCE TAX-MANAGED DIVE	$0	–	-61,200	–	-0.53%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-8,903	–	-0.53%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-8,825	–	-0.55%	–
BA	Exit	BOEING CO	$0	–	-6,198	–	-0.60%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,297	–	-0.61%	–
GLW	Exit	CORNING INC	$0	–	-27,014	–	-0.62%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,426	–	-0.64%	–
MNSB	Exit	MAINSTREET BANCSHARES INC	$0	–	-36,025	–	-0.65%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-10,201	–	-0.66%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-8,193	–	-0.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,352	–	-0.70%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-10,017	–	-0.72%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-3,946	–	-0.72%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-13,500	–	-0.76%	–
VRRKF	Exit	VERSABANK NEW	$0	–	-139,130	–	-0.77%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-13,372	–	-0.86%	–
JEPI	Exit	J P MORGAN EXCHANGE TRADED Fequity premium	$0	–	-21,600	–	-0.88%	–
CWEN	Exit	CLEARWAY ENERGY INCcl c	$0	–	-35,004	–	-0.89%	–
EQT	Exit	EQT CORP	$0	–	-29,000	–	-0.94%	–
HUBB	Exit	HUBBELL INC	$0	–	-5,314	–	-0.94%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-28,771	–	-0.95%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-5,500	–	-0.95%	–
DIS	Exit	DISNEY WALT CO	$0	–	-12,925	–	-0.97%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-9,845	–	-0.99%	–
LNKB	Exit	LINKBANCORP INC	$0	–	-173,229	–	-1.03%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-55,866	–	-1.06%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-33,015	–	-1.06%	–
SRE	Exit	SEMPRA	$0	–	-9,134	–	-1.09%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-8,969	–	-1.19%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-154,560	–	-1.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,605	–	-1.43%	–
XYLD	Exit	GLOBAL X FDSs&p 500 covered	$0	–	-48,200	–	-1.46%	–
SUN	Exit	SUNOCO LP/SUNOCO FIN CORP	$0	–	-49,340	–	-1.53%	–
WES	Exit	WESTERN MIDSTREAM PARTNERS L	$0	–	-81,232	–	-1.63%	–
ILMN	Exit	ILLUMINA INC	$0	–	-11,494	–	-1.75%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,605	–	-1.89%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-18,443	–	-1.91%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,290	–	-1.96%	–
MPLX	Exit	MPLX LP	$0	–	-89,610	–	-2.14%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,248	–	-2.27%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-30,736	–	-2.35%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-8,678	–	-2.47%	–
AMZN	Exit	AMAZON COM INC	$0	–	-28,438	–	-2.56%	–
TRGP	Exit	TARGA RES CORP	$0	–	-57,056	–	-2.74%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-78,585	–	-3.24%	–
AAPL	Exit	APPLE INC	$0	–	-37,084	–	-4.08%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-551,350	–	-4.84%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-251,616	–	-5.74%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-52,567	–	-6.94%	–

Q3 2022

			Value		Shares		↓ Weighting
LNG	Buy	CHENIERE ENERGY INC	$8,721,000	+25.7%	52,567	+0.8%	6.94%	+22.0%
WMB	Buy	WILLIAMS COS INC	$7,204,000	-7.3%	251,616	+1.0%	5.74%	-10.0%
ET	Buy	ENERGY TRANSFER L P	$6,081,000	+20.2%	551,350	+8.7%	4.84%	+16.7%
AAPL	Sell	APPLE INC	$5,125,000	-2.1%	37,084	-3.1%	4.08%	-4.9%
HXL	Sell	HEXCEL CORP NEW	$4,064,000	-1.4%	78,585	-0.3%	3.24%	-4.3%
TRGP	Buy	TARGA RES CORP	$3,443,000	+3.6%	57,056	+2.5%	2.74%	+0.6%
AMZN	Buy	AMAZON COM INC	$3,213,000	+26.4%	28,438	+18.8%	2.56%	+22.7%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$3,100,000	-4.9%	8,678	+0.5%	2.47%	-7.6%
GOOG	Buy	ALPHABET INCcap stk cl c	$2,955,000	-7.9%	30,736	+1996.6%	2.35%	-10.5%
MSFT	Buy	MICROSOFT CORP	$2,853,000	-8.1%	12,248	+1.4%	2.27%	-10.8%
MPLX	Buy	MPLX LP	$2,689,000	+4.4%	89,610	+1.4%	2.14%	+1.4%
ABBV	Sell	ABBVIE INC	$2,455,000	-12.8%	18,290	-0.4%	1.96%	-15.3%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$2,400,000	-20.1%	18,443	-8.6%	1.91%	-22.4%
HD	Buy	HOME DEPOT INC	$2,374,000	+0.7%	8,605	+0.1%	1.89%	-2.3%
ILMN	Buy	ILLUMINA INC	$2,193,000	+3.7%	11,494	+0.2%	1.75%	+0.7%
SUN	Sell	SUNOCO LP/SUNOCO FIN CORP	$1,923,000	+4.2%	49,340	-0.4%	1.53%	+1.1%
XYLD	New	GLOBAL X FDSs&p 500 covered	$1,837,000	–	48,200	–	1.46%	–
PAA	Sell	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$1,626,000	+7.1%	154,560	-0.0%	1.30%	+4.0%
HON	Buy	HONEYWELL INTL INC	$1,498,000	-3.9%	8,969	+0.1%	1.19%	-6.7%
SRE	Sell	SEMPRA	$1,370,000	-4.3%	9,134	-4.2%	1.09%	-7.1%
FIBK	Sell	FIRST INTST BANCSYSTEM INC	$1,333,000	-19.0%	33,015	-23.6%	1.06%	-21.4%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$1,328,000	-11.6%	55,866	-9.4%	1.06%	-14.2%
LNKB	New	LINKBANCORP INC	$1,299,000	–	173,229	–	1.03%	–
PG	Buy	PROCTER AND GAMBLE CO	$1,243,000	-12.2%	9,845	+0.1%	0.99%	-14.7%
DIS	Buy	DISNEY WALT CO	$1,219,000	+1.8%	12,925	+1.9%	0.97%	-1.1%
WTRG	Sell	ESSENTIAL UTILS INC	$1,190,000	-12.0%	28,771	-2.4%	0.95%	-14.6%
HUBB	Buy	HUBBELL INC	$1,185,000	+29.6%	5,314	+3.8%	0.94%	+25.9%
CWEN	Buy	CLEARWAY ENERGY INCcl c	$1,115,000	-8.0%	35,004	+0.6%	0.89%	-10.7%
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$1,107,000	–	21,600	–	0.88%	–
MDT	Sell	MEDTRONIC PLC	$1,080,000	-10.4%	13,372	-0.4%	0.86%	-13.0%
VRRKF	Buy	VERSABANK NEW	$971,000	+38.7%	139,130	+45.4%	0.77%	+34.7%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$906,000	-1.4%	3,946	+0.1%	0.72%	-4.4%
JNJ	Buy	JOHNSON & JOHNSON	$874,000	-8.0%	5,352	+0.0%	0.70%	-10.7%
JPM	Sell	JPMORGAN CHASE & CO	$856,000	-7.4%	8,193	-0.2%	0.68%	-10.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$835,000	-14.8%	10,201	+0.0%	0.66%	-17.3%
MNSB	Buy	MAINSTREET BANCSHARES INC	$822,000	+260.5%	36,025	+260.2%	0.65%	+249.7%
CVS	Buy	CVS HEALTH CORP	$804,000	+3.1%	8,426	+0.1%	0.64%	0.0%
GLW	Buy	CORNING INC	$784,000	-7.9%	27,014	+0.1%	0.62%	-10.6%
MCD	Buy	MCDONALDS CORP	$761,000	-6.4%	3,297	+0.1%	0.61%	-9.1%
BA	Sell	BOEING CO	$750,000	-12.8%	6,198	-1.4%	0.60%	-15.3%
NEE	Buy	NEXTERA ENERGY INC	$692,000	+6.6%	8,825	+5.3%	0.55%	+3.6%
IXJ	Sell	ISHARES TRglob hlthcre etf	$671,000	-12.5%	8,903	-5.9%	0.53%	-15.1%
ETY	Sell	EATON VANCE TAX-MANAGED DIVE	$665,000	-4.9%	61,200	-0.8%	0.53%	-7.7%
D	Sell	DOMINION ENERGY INC	$631,000	-15.2%	9,126	-2.1%	0.50%	-17.7%
	Sell	ZURN ELKAY WATER SOLNS CORP	$606,000	-22.5%	24,735	-13.9%	0.48%	-24.8%
WTTR	Sell	SELECT ENERGY SVCS INC	$597,000	-5.4%	85,631	-7.4%	0.48%	-8.1%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$568,000	+3.1%	4,055	+0.0%	0.45%	0.0%
FRST	New	PRIMIS FINANCIAL CORP	$552,000	–	45,544	–	0.44%	–
CARR	Buy	CARRIER GLOBAL CORPORATION	$527,000	-0.2%	14,811	+0.1%	0.42%	-3.0%
	Buy	ARCHAEA ENERGY INC	$525,000	+32.2%	29,144	+13.9%	0.42%	+28.2%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$501,000	-2.5%	4,789	-2.1%	0.40%	-5.2%
OTIS	Buy	OTIS WORLDWIDE CORP	$487,000	-9.6%	7,634	+0.1%	0.39%	-12.2%
	New	USCB FINANCIAL HOLDINGS INC	$460,000	–	35,114	–	0.37%	–
GWRS	Buy	GLOBAL WTR RES INC	$448,000	+0.9%	38,222	+13.7%	0.36%	-1.9%
BDJ	Sell	BLACKROCK ENHANCED EQUITY DI	$431,000	-13.6%	53,200	-5.8%	0.34%	-16.1%
CMI	Sell	CUMMINS INC	$424,000	+5.0%	2,082	-0.2%	0.34%	+2.1%
KO	Buy	COCA COLA CO	$422,000	-11.0%	7,532	+0.1%	0.34%	-13.6%
WFCPRL	Sell	WELLS FARGO CO NEWperp pfd cnv a	$421,000	-3.9%	350	-2.8%	0.34%	-6.7%
EQBK	Sell	EQUITY BANCSHARES INC	$402,000	-4.7%	13,556	-6.3%	0.32%	-7.5%
ISTR	New	INVESTAR HLDG CORP	$398,000	–	20,000	–	0.32%	–
NEP	Sell	NEXTERA ENERGY PARTNERS LP	$379,000	-2.8%	5,235	-0.4%	0.30%	-5.6%
LNN	Sell	LINDSAY CORP	$378,000	-25.6%	2,638	-31.0%	0.30%	-27.8%
PPA	Sell	INVESCO EXCHANGE TRADED FD Taerospace defn	$361,000	-8.8%	5,598	-0.9%	0.29%	-11.7%
BFST	Buy	BUSINESS FIRST BANCSHARES IN	$355,000	+2.3%	16,499	+1.3%	0.28%	-0.7%
MMP	Buy	MAGELLAN MIDSTREAM PRTNRS LP	$351,000	+3.5%	7,394	+4.1%	0.28%	+0.4%
PGC	New	PEAPACK-GLADSTONE FINL CORP	$336,000	–	10,000	–	0.27%	–
LMST	Sell	LIMESTONE BANCORP INC	$337,000	-9.9%	17,175	-15.4%	0.27%	-12.7%
POOL	New	POOL CORP	$318,000	–	1,000	–	0.25%	–
FBMS	Sell	FIRST BANCSHARES INC MS	$307,000	-51.2%	10,262	-53.4%	0.24%	-52.7%
FELE	Sell	FRANKLIN ELEC INC	$296,000	-32.1%	3,626	-39.1%	0.24%	-34.1%
CSQ	Sell	CALAMOS STRATEGIC TOTAL RETU	$297,000	-5.1%	23,800	-0.4%	0.24%	-8.2%
QYLD	New	GLOBAL X FDSnasdaq 100 cover	$290,000	–	18,500	–	0.23%	–
SJW	New	SJW GROUP	$289,000	–	5,012	–	0.23%	–
ETJ	Sell	EATON VANCE RISK-MANAGED DIV	$282,000	-1.7%	34,075	-0.6%	0.22%	-4.3%
DHR	Buy	DANAHER CORPORATION	$283,000	+3.3%	1,094	+1.4%	0.22%	0.0%
WMT	Sell	WALMART INC	$272,000	-11.1%	2,095	-16.8%	0.22%	-13.5%
PNR	Sell	PENTAIR PLC	$265,000	-39.2%	6,529	-31.5%	0.21%	-41.1%
XLF	Sell	SELECT SECTOR SPDR TRfinancial	$264,000	-9.9%	8,705	-6.4%	0.21%	-12.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$255,000	-26.3%	6,720	-1.3%	0.20%	-28.5%
SBS	Sell	COMPANHIA DE SANEAMENTO BASIsponsored adr	$249,000	-5.7%	27,324	-17.2%	0.20%	-8.3%
ITRI	New	ITRON INC	$241,000	–	5,733	–	0.19%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$239,000	-2.8%	895	-0.6%	0.19%	-5.9%
XBI	Buy	SPDR SER TRs&p biotech	$237,000	+6.8%	2,990	+0.1%	0.19%	+3.8%
AWR	Sell	AMER STATES WTR CO	$234,000	-38.9%	3,012	-35.8%	0.19%	-40.8%
CIVB	New	CIVISTA BANCSHARES INC	$227,000	–	10,948	–	0.18%	–
ECL	New	ECOLAB INC	$227,000	–	1,573	–	0.18%	–
GEL	Sell	GENESIS ENERGY L Punit ltd partn	$223,000	+14.4%	24,260	-0.0%	0.18%	+11.2%
OKE	Buy	ONEOK INC NEW	$214,000	-6.6%	4,175	+1.2%	0.17%	-9.6%
GLDD	Sell	GREAT LAKES DREDGE & DOCK CO	$203,000	-56.4%	26,785	-24.6%	0.16%	-57.6%
STWD	Sell	STARWOOD PPTY TR INC	$188,000	-13.4%	10,300	-1.0%	0.15%	-15.7%
IMAX	Sell	IMAX CORP	$151,000	-17.9%	10,700	-1.8%	0.12%	-20.5%
KTOS	Sell	KRATOS DEFENSE & SEC SOLUTIO	$142,000	-30.0%	14,000	-4.1%	0.11%	-31.9%
MCN	New	MADISON COVERED CALL & EQUIT	$141,000	–	21,900	–	0.11%	–
GER	New	GOLDMAN SACHS MLP ENERGY REN	$137,000	–	11,384	–	0.11%	–
OSBC	Sell	OLD SECOND BANCORP INC ILL	$135,000	-51.3%	10,366	-50.0%	0.11%	-52.9%
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$127,000	–	11,667	–	0.10%	–
NGL	Buy	NGL ENERGY PARTNERS LP	$89,000	+256.0%	68,250	+313.6%	0.07%	+238.1%
NCV	New	VIRTUS CONVERTIBLE & INCOME	$42,000	–	13,000	–	0.03%	–
LCTX	New	LINEAGE CELL THERAPEUTICS IN	$14,000	–	12,000	–	0.01%	–
IZEA	New	IZEA WORLDWIDE INC	$7,000	–	10,000	–	0.01%	–
CLEU	New	CHINA LIBERAL ED HLDGS LTDord	$8,000	–	10,000	–	0.01%	–
SWIM	Exit	LATHAM GROUP INC	$0	–	-17,511	–	-0.10%	–
V	Exit	VISA INC	$0	–	-1,022	–	-0.16%	–
CNOB	Exit	CONNECTONE BANCORP INC	$0	–	-8,600	–	-0.17%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,532	–	-0.18%	–
INTC	Exit	INTEL CORP	$0	–	-6,870	–	-0.21%	–
CWCO	Exit	CONSOLIDATED WATER CO INCord	$0	–	-18,149	–	-0.22%	–
BANC	Exit	BANC OF CALIFORNIA INC	$0	–	-16,659	–	-0.24%	–
HAYW	Exit	HAYWARD HLDGS INC	$0	–	-23,163	–	-0.27%	–
OBNK	Exit	ORIGIN BANCORP INC	$0	–	-9,527	–	-0.30%	–
	Exit	PROFESSIONAL HLDG CORP	$0	–	-23,837	–	-0.39%	–

Q2 2022

			Value		Shares		↓ Weighting
WMB	New	WILLIAMS COS INC	$7,772,000	–	249,033	–	6.37%	–
LNG	New	CHENIERE ENERGY INC	$6,940,000	–	52,169	–	5.69%	–
AAPL	New	APPLE INC	$5,234,000	–	38,283	–	4.29%	–
ET	New	ENERGY TRANSFER L P	$5,061,000	–	507,105	–	4.15%	–
HXL	New	HEXCEL CORP NEW	$4,123,000	–	78,820	–	3.38%	–
TRGP	New	TARGA RES CORP	$3,322,000	–	55,671	–	2.72%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,259,000	–	8,638	–	2.67%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,207,000	–	1,466	–	2.63%	–
MSFT	New	MICROSOFT CORP	$3,103,000	–	12,083	–	2.54%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$3,003,000	–	20,185	–	2.46%	–
ABBV	New	ABBVIE INC	$2,814,000	–	18,370	–	2.31%	–
MPLX	New	MPLX LP	$2,576,000	–	88,360	–	2.11%	–
AMZN	New	AMAZON COM INC	$2,542,000	–	23,937	–	2.08%	–
HD	New	HOME DEPOT INC	$2,358,000	–	8,599	–	1.93%	–
ILMN	New	ILLUMINA INC	$2,115,000	–	11,471	–	1.73%	–
ABT	New	ABBOTT LABS	$2,021,000	–	18,605	–	1.66%	–
WES	New	WESTERN MIDSTREAM PARTNERS L	$1,975,000	–	81,232	–	1.62%	–
SUN	New	SUNOCO LP/SUNOCO FIN CORP	$1,846,000	–	49,550	–	1.51%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$1,646,000	–	43,186	–	1.35%	–
HON	New	HONEYWELL INTL INC	$1,558,000	–	8,962	–	1.28%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$1,518,000	–	154,570	–	1.24%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$1,503,000	–	61,673	–	1.23%	–
SRE	New	SEMPRA	$1,432,000	–	9,531	–	1.17%	–
PG	New	PROCTER AND GAMBLE CO	$1,415,000	–	9,838	–	1.16%	–
WTRG	New	ESSENTIAL UTILS INC	$1,352,000	–	29,476	–	1.11%	–
PXD	New	PIONEER NAT RES CO	$1,227,000	–	5,500	–	1.01%	–
CWEN	New	CLEARWAY ENERGY INCcl c	$1,212,000	–	34,790	–	0.99%	–
MDT	New	MEDTRONIC PLC	$1,205,000	–	13,422	–	0.99%	–
DIS	New	DISNEY WALT CO	$1,197,000	–	12,683	–	0.98%	–
CL	New	COLGATE PALMOLIVE CO	$1,082,000	–	13,500	–	0.89%	–
EQT	New	EQT CORP	$998,000	–	29,000	–	0.82%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$980,000	–	10,196	–	0.80%	–
JNJ	New	JOHNSON & JOHNSON	$950,000	–	5,350	–	0.78%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$942,000	–	10,017	–	0.77%	–
JPM	New	JPMORGAN CHASE & CO	$924,000	–	8,207	–	0.76%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$919,000	–	3,943	–	0.75%	–
HUBB	New	HUBBELL INC	$914,000	–	5,120	–	0.75%	–
BA	New	BOEING CO	$860,000	–	6,287	–	0.70%	–
GLW	New	CORNING INC	$851,000	–	27,000	–	0.70%	–
MCD	New	MCDONALDS CORP	$813,000	–	3,295	–	0.67%	–
	New	ZURN WATER SOLUTIONS CORP	$782,000	–	28,735	–	0.64%	–
CVS	New	CVS HEALTH CORP	$780,000	–	8,418	–	0.64%	–
IXJ	New	ISHARES TRglob hlthcre etf	$767,000	–	9,458	–	0.63%	–
D	New	DOMINION ENERGY INC	$744,000	–	9,326	–	0.61%	–
VRRKF	New	VERSABANK NEW	$700,000	–	95,698	–	0.57%	–
ETY	New	EATON VANCE TAX-MANAGED DIVE	$699,000	–	61,700	–	0.57%	–
NEE	New	NEXTERA ENERGY INC	$649,000	–	8,382	–	0.53%	–
WTTR	New	SELECT ENERGY SVCS INC	$631,000	–	92,492	–	0.52%	–
FBMS	New	FIRST BANCSHARES INC MS	$629,000	–	22,002	–	0.52%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$551,000	–	4,053	–	0.45%	–
OTIS	New	OTIS WORLDWIDE CORP	$539,000	–	7,628	–	0.44%	–
CARR	New	CARRIER GLOBAL CORPORATION	$528,000	–	14,801	–	0.43%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$514,000	–	4,893	–	0.42%	–
LNN	New	LINDSAY CORP	$508,000	–	3,825	–	0.42%	–
EVG	New	EATON VANCE SHORT DURATION D	$504,000	–	46,900	–	0.41%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DI	$499,000	–	56,500	–	0.41%	–
PRI	New	PRIMERICA INC	$479,000	–	4,000	–	0.39%	–
	New	PROFESSIONAL HLDG CORP	$478,000	–	23,837	–	0.39%	–
SFST	New	SOUTHERN FIRST BANCSHARES	$476,000	–	10,918	–	0.39%	–
KO	New	COCA COLA CO	$474,000	–	7,527	–	0.39%	–
YORW	New	YORK WTR CO	$473,000	–	11,701	–	0.39%	–
GLDD	New	GREAT LAKES DREDGE & DOCK CO	$466,000	–	35,527	–	0.38%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$452,000	–	5,000	–	0.37%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$450,000	–	3,543	–	0.37%	–
SHBI	New	SHORE BANCSHARES INC	$446,000	–	24,112	–	0.37%	–
GWRS	New	GLOBAL WTR RES INC	$444,000	–	33,620	–	0.36%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$438,000	–	360	–	0.36%	–
PNR	New	PENTAIR PLC	$436,000	–	9,529	–	0.36%	–
FELE	New	FRANKLIN ELEC INC	$436,000	–	5,951	–	0.36%	–
EQBK	New	EQUITY BANCSHARES INC	$422,000	–	14,466	–	0.35%	–
CMI	New	CUMMINS INC	$404,000	–	2,086	–	0.33%	–
	New	ARCHAEA ENERGY INC	$397,000	–	25,594	–	0.33%	–
PPA	New	INVESCO EXCHANGE TRADED FD Taerospace defn	$396,000	–	5,650	–	0.32%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$390,000	–	5,255	–	0.32%	–
AWR	New	AMER STATES WTR CO	$383,000	–	4,689	–	0.31%	–
LMST	New	LIMESTONE BANCORP INC	$374,000	–	20,291	–	0.31%	–
XYL	New	XYLEM INC	$374,000	–	4,787	–	0.31%	–
	New	FINWISE BANCORP	$373,000	–	40,000	–	0.31%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$372,000	–	2,900	–	0.30%	–
	New	CORE & MAIN INCcl a	$372,000	–	16,678	–	0.30%	–
OBNK	New	ORIGIN BANCORP INC	$370,000	–	9,527	–	0.30%	–
MAS	New	MASCO CORP	$355,000	–	7,018	–	0.29%	–
BFST	New	BUSINESS FIRST BANCSHARES IN	$347,000	–	16,285	–	0.28%	–
VZ	New	VERIZON COMMUNICATIONS INC	$346,000	–	6,810	–	0.28%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$339,000	–	7,104	–	0.28%	–
	New	THIRD COAST BANCSHARES INC	$338,000	–	15,433	–	0.28%	–
HAYW	New	HAYWARD HLDGS INC	$333,000	–	23,163	–	0.27%	–
CBAN	New	COLONY BANKCORP INC	$328,000	–	21,733	–	0.27%	–
JD	New	JD.COM INCspon adr cl a	$321,000	–	5,000	–	0.26%	–
QCOM	New	QUALCOMM INC	$319,000	–	2,500	–	0.26%	–
MYFW	New	FIRST WESTN FINL INC	$316,000	–	11,604	–	0.26%	–
CSQ	New	CALAMOS STRATEGIC TOTAL RETU	$313,000	–	23,900	–	0.26%	–
ETRN	New	EQUITRANS MIDSTREAM CORP	$312,000	–	49,038	–	0.26%	–
WMT	New	WALMART INC	$306,000	–	2,518	–	0.25%	–
OLED	New	UNIVERSAL DISPLAY CORP	$303,000	–	3,000	–	0.25%	–
CALB	New	CALIFORNIA BANCORP INC	$297,000	–	15,396	–	0.24%	–
BANC	New	BANC OF CALIFORNIA INC	$294,000	–	16,659	–	0.24%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$293,000	–	9,305	–	0.24%	–
ARTNA	New	ARTESIAN RES CORPcl a	$289,000	–	5,876	–	0.24%	–
ETJ	New	EATON VANCE RISK-MANAGED DIV	$287,000	–	34,275	–	0.24%	–
OSBC	New	OLD SECOND BANCORP INC ILL	$277,000	–	20,732	–	0.23%	–
DHR	New	DANAHER CORPORATION	$274,000	–	1,079	–	0.22%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$264,000	–	33,005	–	0.22%	–
CWCO	New	CONSOLIDATED WATER CO INCord	$263,000	–	18,149	–	0.22%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$262,000	–	3,000	–	0.22%	–
INTC	New	INTEL CORP	$257,000	–	6,870	–	0.21%	–
SWN	New	SOUTHWESTERN ENERGY CO	$256,000	–	41,000	–	0.21%	–
CSTR	New	CAPSTAR FINL HLDGS INC	$252,000	–	12,821	–	0.21%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$247,000	–	1,355	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$246,000	–	900	–	0.20%	–
RVSB	New	RIVERVIEW BANCORP INC	$242,000	–	36,844	–	0.20%	–
BST	New	BLACKROCK SCIENCE & TECHNOLO	$240,000	–	7,400	–	0.20%	–
GLD	New	SPDR GOLD TR	$236,000	–	1,400	–	0.19%	–
OKE	New	ONEOK INC NEW	$229,000	–	4,125	–	0.19%	–
MNSB	New	MAINSTREET BANCSHARES INC	$228,000	–	10,000	–	0.19%	–
KMI	New	KINDER MORGAN INC DEL	$227,000	–	13,573	–	0.19%	–
XBI	New	SPDR SER TRs&p biotech	$222,000	–	2,986	–	0.18%	–
STWD	New	STARWOOD PPTY TR INC	$217,000	–	10,400	–	0.18%	–
ARCC	New	ARES CAPITAL CORP	$215,000	–	12,000	–	0.18%	–
CSGP	New	COSTAR GROUP INC	$213,000	–	3,532	–	0.18%	–
CNOB	New	CONNECTONE BANCORP INC	$210,000	–	8,600	–	0.17%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$203,000	–	14,600	–	0.17%	–
V	New	VISA INC	$201,000	–	1,022	–	0.16%	–
USA	New	LIBERTY ALL STAR EQUITY FDsh ben int	$200,000	–	31,900	–	0.16%	–
FTF	New	FRANKLIN LTD DURATION INCOME	$196,000	–	29,000	–	0.16%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$195,000	–	24,270	–	0.16%	–
IMAX	New	IMAX CORP	$184,000	–	10,900	–	0.15%	–
SWIM	New	LATHAM GROUP INC	$122,000	–	17,511	–	0.10%	–
JBLU	New	JETBLUE AWYS CORP	$92,000	–	11,000	–	0.08%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$50,000	–	10,000	–	0.04%	–
NGL	New	NGL ENERGY PARTNERS LP	$25,000	–	16,500	–	0.02%	–

Q4 2021

			Value		Shares		↓ Weighting
TME	Exit	TENCENT MUSIC ENTMT GROUPspon ads	$0	–	-10,000	–	-0.06%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-15,000	–	-0.08%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-44,000	–	-0.08%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-19,704	–	-0.11%	–
JBLU	Exit	JETBLUE AWYS CORP	$0	–	-11,000	–	-0.13%	–
IMAX	Exit	IMAX CORP	$0	–	-10,500	–	-0.15%	–
OCFC	Exit	OCEANFIRST FINL CORP	$0	–	-9,575	–	-0.16%	–
FAST	Exit	FASTENAL CO	$0	–	-4,000	–	-0.16%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,000	–	-0.16%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-1,161	–	-0.16%	–
OBNK	Exit	ORIGIN BANCORP INC	$0	–	-5,046	–	-0.16%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-11,100	–	-0.17%	–
TTEK	Exit	TETRA TECH INC NEW	$0	–	-1,556	–	-0.18%	–
SAP	Exit	SAP SEspon adr	$0	–	-1,800	–	-0.19%	–
	Exit	ARCHAEA ENERGY INC	$0	–	-13,244	–	-0.19%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,000	–	-0.20%	–
ENB	Exit	ENBRIDGE INC	$0	–	-6,578	–	-0.20%	–
BANC	Exit	BANC OF CALIFORNIA INC	$0	–	-14,482	–	-0.21%	–
	Exit	PROFESSIONAL HLDG CORP	$0	–	-14,327	–	-0.21%	–
CALB	Exit	CALIFORNIA BANCORP INC	$0	–	-15,546	–	-0.21%	–
STWD	Exit	STARWOOD PPTY TR INC	$0	–	-11,550	–	-0.22%	–
CBNK	Exit	CAPITAL BANCORP INC MD	$0	–	-11,781	–	-0.22%	–
HBCP	Exit	HOME BANCORP INC	$0	–	-7,500	–	-0.22%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-8,000	–	-0.23%	–
WTTR	Exit	SELECT ENERGY SVCS INC	$0	–	-56,906	–	-0.23%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,100	–	-0.23%	–
BST	Exit	BLACKROCK SCIENCE & TECHNOLO	$0	–	-5,900	–	-0.24%	–
CADE	Exit	CADENCE BANCORPORATIONcl a	$0	–	-14,298	–	-0.24%	–
MLI	Exit	MUELLER INDS INC	$0	–	-7,715	–	-0.24%	–
VRRKF	Exit	VERSABANK NEW	$0	–	-29,890	–	-0.25%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-15,000	–	-0.26%	–
LNN	Exit	LINDSAY CORP	$0	–	-2,241	–	-0.26%	–
	Exit	U S CENTY BK DORAL FLA	$0	–	-28,227	–	-0.26%	–
MCB	Exit	METROPOLITAN BK HLDG CORP	$0	–	-4,080	–	-0.26%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-9,305	–	-0.27%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-7,624	–	-0.27%	–
CSTR	Exit	CAPSTAR FINL HLDGS INC	$0	–	-16,493	–	-0.27%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,595	–	-0.27%	–
AQUA	Exit	EVOQUA WATER TECHNOLOGIES CO	$0	–	-9,572	–	-0.28%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-5,000	–	-0.28%	–
ETJ	Exit	EATON VANCE RISK-MANAGED DIV	$0	–	-34,173	–	-0.28%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-4,868	–	-0.28%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-5,000	–	-0.30%	–
ARTNA	Exit	ARTESIAN RES CORPcl a	$0	–	-10,459	–	-0.31%	–
BFST	Exit	BUSINESS FIRST BANCSHARES IN	$0	–	-17,165	–	-0.31%	–
GLD	Exit	SPDR GOLD TR	$0	–	-2,450	–	-0.31%	–
XYL	Exit	XYLEM INC	$0	–	-3,286	–	-0.31%	–
KO	Exit	COCA COLA CO	$0	–	-8,098	–	-0.33%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-4,988	–	-0.33%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-45,500	–	-0.35%	–
EQBK	Exit	EQUITY BANCSHARES INC	$0	–	-14,611	–	-0.38%	–
WMT	Exit	WALMART INC	$0	–	-3,603	–	-0.39%	–
MYFW	Exit	FIRST WESTN FINL INC	$0	–	-17,545	–	-0.39%	–
RVSB	Exit	RIVERVIEW BANCORP INC	$0	–	-69,918	–	-0.39%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,020	–	-0.39%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-3,000	–	-0.40%	–
	Exit	CORE & MAIN INCcl a	$0	–	-20,000	–	-0.40%	–
ITRI	Exit	ITRON INC	$0	–	-7,045	–	-0.41%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-3,693	–	-0.42%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-13,915	–	-0.43%	–
FBMS	Exit	FIRST BANCSHARES INC MS	$0	–	-14,737	–	-0.44%	–
SFST	Exit	SOUTHERN FIRST BANCSHARES	$0	–	-10,918	–	-0.45%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-4,080	–	-0.46%	–
INTC	Exit	INTEL CORP	$0	–	-11,370	–	-0.47%	–
ASML	Exit	ASML HOLDING N V	$0	–	-821	–	-0.47%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.47%	–
EVG	Exit	EATON VANCE SHORT DURATION D	$0	–	-47,932	–	-0.49%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-8,282	–	-0.50%	–
PNR	Exit	PENTAIR PLC	$0	–	-9,015	–	-0.50%	–
CMI	Exit	CUMMINS INC	$0	–	-2,923	–	-0.50%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-8,057	–	-0.51%	–
MAS	Exit	MASCO CORP	$0	–	-12,236	–	-0.52%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-41,085	–	-0.53%	–
SLCT	Exit	SELECT BANCORP INC NEW	$0	–	-40,474	–	-0.54%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-38,534	–	-0.56%	–
HAYW	Exit	HAYWARD HLDGS INC	$0	–	-33,629	–	-0.58%	–
YORW	Exit	YORK WTR CO	$0	–	-17,139	–	-0.58%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,957	–	-0.58%	–
OKE	Exit	ONEOK INC NEW	$0	–	-13,391	–	-0.60%	–
LMST	Exit	LIMESTONE BANCORP INC	$0	–	-43,384	–	-0.60%	–
D	Exit	DOMINION ENERGY INC	$0	–	-10,958	–	-0.62%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-15,512	–	-0.62%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-9,958	–	-0.64%	–
GLW	Exit	CORNING INC	$0	–	-23,270	–	-0.65%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-4,104	–	-0.66%	–
AM	Exit	ANTERO MIDSTREAM CORP	$0	–	-83,705	–	-0.67%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-10,156	–	-0.67%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,480	–	-0.68%	–
RXN	Exit	REXNORD CORP	$0	–	-13,907	–	-0.69%	–
HUBB	Exit	HUBBELL INC	$0	–	-5,088	–	-0.71%	–
STXB	Exit	SPIRIT OF TEX BANCSHARES INC	$0	–	-38,340	–	-0.71%	–
GLDD	Exit	GREAT LAKES DREDGE & DOCK CO	$0	–	-63,452	–	-0.74%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-6,644	–	-0.75%	–
CWEN	Exit	CLEARWAY ENERGY INCcl c	$0	–	-33,230	–	-0.77%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,309	–	-0.80%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-14,500	–	-0.84%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-10,715	–	-0.95%	–
SRE	Exit	SEMPRA	$0	–	-10,405	–	-1.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-8,257	–	-1.04%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-29,359	–	-1.04%	–
WES	Exit	WESTERN MIDSTREAM PARTNERS L	$0	–	-65,337	–	-1.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-10,312	–	-1.11%	–
BA	Exit	BOEING CO	$0	–	-6,680	–	-1.13%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-68,428	–	-1.14%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-153,450	–	-1.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,558	–	-1.50%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-9,382	–	-1.53%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,500	–	-1.54%	–
DIS	Exit	DISNEY WALT CO	$0	–	-11,956	–	-1.56%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,605	–	-1.69%	–
SUN	Exit	SUNOCO LP/SUNOCO FIN CORP	$0	–	-63,000	–	-1.81%	–
MPLX	Exit	MPLX LP	$0	–	-92,076	–	-2.02%	–
TRGP	Exit	TARGA RES CORP	$0	–	-54,266	–	-2.05%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-17,481	–	-2.27%	–
HD	Exit	HOME DEPOT INC	$0	–	-9,389	–	-2.37%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,271	–	-2.66%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-65,915	–	-3.01%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,577	–	-3.23%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-9,880	–	-3.26%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-446,773	–	-3.29%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,308	–	-3.30%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-48,369	–	-3.63%	–
ILMN	Exit	ILLUMINA INC	$0	–	-11,765	–	-3.67%	–
AAPL	Exit	APPLE INC	$0	–	-38,972	–	-4.24%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-242,276	–	-4.83%	–

Q3 2021

			Value		Shares		↓ Weighting
WMB	Sell	WILLIAMS COS INC	$6,285,000	-3.0%	242,276	-0.7%	4.83%	+0.5%
AAPL	Sell	APPLE INC	$5,515,000	+2.8%	38,972	-0.5%	4.24%	+6.6%
ILMN	Buy	ILLUMINA INC	$4,772,000	-14.1%	11,765	+0.2%	3.67%	-11.0%
LNG	Sell	CHENIERE ENERGY INC	$4,724,000	+11.1%	48,369	-1.3%	3.63%	+15.1%
ET	Buy	ENERGY TRANSFER L P	$4,280,000	-9.6%	446,773	+0.3%	3.29%	-6.3%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$4,240,000	-7.3%	9,880	-7.6%	3.26%	-4.0%
GOOG	Sell	ALPHABET INCcap stk cl c	$4,203,000	+6.2%	1,577	-0.1%	3.23%	+10.0%
HXL	Buy	HEXCEL CORP NEW	$3,915,000	-0.1%	65,915	+4.9%	3.01%	+3.5%
MSFT	Sell	MICROSOFT CORP	$3,459,000	+3.3%	12,271	-0.7%	2.66%	+7.1%
HD	Sell	HOME DEPOT INC	$3,082,000	+1.7%	9,389	-1.2%	2.37%	+5.4%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$2,955,000	-1.2%	17,481	-10.0%	2.27%	+2.3%
TRGP	Sell	TARGA RES CORP	$2,670,000	+10.1%	54,266	-0.5%	2.05%	+14.1%
MPLX	Sell	MPLX LP	$2,621,000	-4.9%	92,076	-1.1%	2.02%	-1.5%
SUN	Sell	SUNOCO LP/SUNOCO FIN CORP	$2,351,000	-3.3%	63,000	-2.3%	1.81%	+0.1%
DIS	Buy	DISNEY WALT CO	$2,023,000	-2.8%	11,956	+1.0%	1.56%	+0.7%
HON	Sell	HONEYWELL INTL INC	$1,992,000	-5.1%	9,382	-1.9%	1.53%	-1.7%
MDT	Buy	MEDTRONIC PLC	$1,950,000	+1.8%	15,558	+0.8%	1.50%	+5.5%
PAA	Buy	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$1,561,000	+5.6%	153,450	+17.9%	1.20%	+9.5%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$1,481,000	-10.8%	68,428	-0.5%	1.14%	-7.5%
BA	Buy	BOEING CO	$1,469,000	-4.5%	6,680	+4.0%	1.13%	-1.1%
PG	Buy	PROCTER AND GAMBLE CO	$1,442,000	+3.7%	10,312	+0.1%	1.11%	+7.5%
WES	Sell	WESTERN MIDSTREAM PARTNERS L	$1,369,000	-4.2%	65,337	-2.1%	1.05%	-0.8%
WTRG	Buy	ESSENTIAL UTILS INC	$1,353,000	+13.1%	29,359	+12.2%	1.04%	+17.2%
JPM	Buy	JPMORGAN CHASE & CO	$1,352,000	+15.9%	8,257	+10.0%	1.04%	+20.1%
SRE	Sell	SEMPRA	$1,316,000	-5.5%	10,405	-1.0%	1.01%	-2.0%
CL	Sell	COLGATE PALMOLIVE CO	$1,096,000	-17.4%	14,500	-11.1%	0.84%	-14.4%
MCD	Sell	MCDONALDS CORP	$1,039,000	+4.3%	4,309	-0.1%	0.80%	+8.1%
CWEN	Buy	CLEARWAY ENERGY INCcl c	$1,006,000	+26.5%	33,230	+10.7%	0.77%	+31.2%
ZBH	Buy	ZIMMER BIOMET HOLDINGS INC	$972,000	+12.1%	6,644	+23.2%	0.75%	+16.1%
GLDD	Buy	GREAT LAKES DREDGE & DOCK CO	$958,000	+29.6%	63,452	+25.4%	0.74%	+34.2%
STXB	Buy	SPIRIT OF TEX BANCSHARES INC	$928,000	+40.8%	38,340	+33.0%	0.71%	+46.0%
HUBB	Buy	HUBBELL INC	$919,000	-3.3%	5,088	+0.0%	0.71%	+0.3%
RXN	Sell	REXNORD CORP	$895,000	-41.0%	13,907	-54.1%	0.69%	-38.8%
JNJ	Buy	JOHNSON & JOHNSON	$885,000	-1.7%	5,480	+0.3%	0.68%	+1.9%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$873,000	-1.5%	10,156	-2.2%	0.67%	+2.0%
AM	Sell	ANTERO MIDSTREAM CORP	$872,000	-21.7%	83,705	-21.9%	0.67%	-18.8%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$865,000	-9.9%	4,104	-0.0%	0.66%	-6.7%
GLW	Buy	CORNING INC	$849,000	-10.1%	23,270	+0.8%	0.65%	-6.8%
IXJ	Sell	ISHARES TRglob hlthcre etf	$834,000	-0.2%	9,958	-1.0%	0.64%	+3.2%
CARR	Buy	CARRIER GLOBAL CORPORATION	$803,000	+12.3%	15,512	+5.4%	0.62%	+16.4%
D	Sell	DOMINION ENERGY INC	$800,000	-3.6%	10,958	-2.9%	0.62%	-0.2%
OKE	Sell	ONEOK INC NEW	$777,000	+3.1%	13,391	-1.1%	0.60%	+6.8%
CVS	Buy	CVS HEALTH CORP	$760,000	+1.9%	8,957	+0.1%	0.58%	+5.6%
YORW	Buy	YORK WTR CO	$748,000	+95.8%	17,139	+103.3%	0.58%	+102.5%
HAYW	Buy	HAYWARD HLDGS INC	$748,000	+69.2%	33,629	+98.1%	0.58%	+75.3%
GWRS	Sell	GLOBAL WTR RES INC	$721,000	-3.2%	38,534	-11.7%	0.56%	+0.4%
SLCT	Sell	SELECT BANCORP INC NEW	$698,000	+6.7%	40,474	-0.3%	0.54%	+10.5%
KMI	Buy	KINDER MORGAN INC DEL	$687,000	-7.7%	41,085	+0.6%	0.53%	-4.3%
MAS	Sell	MASCO CORP	$679,000	-29.2%	12,236	-24.8%	0.52%	-26.7%
OTIS	Buy	OTIS WORLDWIDE CORP	$663,000	+10.5%	8,057	+9.9%	0.51%	+14.6%
CMI	Sell	CUMMINS INC	$656,000	-9.1%	2,923	-1.2%	0.50%	-5.8%
PNR	Sell	PENTAIR PLC	$655,000	-2.5%	9,015	-9.5%	0.50%	+1.0%
NEE	Sell	NEXTERA ENERGY INC	$650,000	-2.5%	8,282	-8.9%	0.50%	+1.0%
EVG	Buy	EATON VANCE SHORT DURATION D	$639,000	+182.7%	47,932	+182.0%	0.49%	+192.9%
ASML	Sell	ASML HOLDING N V	$612,000	-10.7%	821	-17.2%	0.47%	-7.5%
INTC	Buy	INTEL CORP	$606,000	+4.1%	11,370	+9.6%	0.47%	+7.9%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$604,000	+8.6%	4,080	+0.2%	0.46%	+12.6%
SFST	Sell	SOUTHERN FIRST BANCSHARES	$584,000	+4.3%	10,918	-0.2%	0.45%	+7.9%
FBMS	Sell	FIRST BANCSHARES INC MS	$572,000	+2.7%	14,737	-1.0%	0.44%	+6.3%
FIBK	Buy	FIRST INTST BANCSYSTEM INC	$561,000	+155.0%	13,915	+164.6%	0.43%	+165.0%
ITRI	New	ITRON INC	$533,000	–	7,045	–	0.41%	–
	New	CORE & MAIN INCcl a	$524,000	–	20,000	–	0.40%	–
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$512,000	+2.8%	4,020	+1.8%	0.39%	+6.5%
RVSB	Sell	RIVERVIEW BANCORP INC	$508,000	+2.2%	69,918	-0.3%	0.39%	+6.0%
MYFW	Buy	FIRST WESTN FINL INC	$506,000	+11.9%	17,545	+0.5%	0.39%	+15.8%
WMT	Buy	WALMART INC	$502,000	-0.6%	3,603	+0.6%	0.39%	+2.9%
EQBK	Buy	EQUITY BANCSHARES INC	$488,000	+10.2%	14,611	+0.5%	0.38%	+14.0%
GEL	Sell	GENESIS ENERGY L Punit ltd partn	$454,000	-14.2%	45,500	-0.1%	0.35%	-11.2%
CSGP	New	COSTAR GROUP INC	$429,000	–	4,988	–	0.33%	–
KO	Buy	COCA COLA CO	$425,000	-2.7%	8,098	+0.3%	0.33%	+0.9%
BFST	Sell	BUSINESS FIRST BANCSHARES IN	$401,000	+1.5%	17,165	-0.2%	0.31%	+5.1%
NEP	Buy	NEXTERA ENERGY PARTNERS LP	$367,000	+1.4%	4,868	+2.6%	0.28%	+4.8%
ETJ	Sell	EATON VANCE RISK-MANAGED DIV	$365,000	-7.8%	34,173	-0.6%	0.28%	-4.4%
AQUA	Sell	EVOQUA WATER TECHNOLOGIES CO	$360,000	-35.7%	9,572	-42.2%	0.28%	-33.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$356,000	-3.5%	6,595	+0.1%	0.27%	0.0%
CSTR	Sell	CAPSTAR FINL HLDGS INC	$350,000	+3.2%	16,493	-0.2%	0.27%	+6.7%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$348,000	-34.5%	7,624	-29.8%	0.27%	-32.0%
XLF	Sell	SELECT SECTOR SPDR TRfinancial	$349,000	+1.2%	9,305	-1.1%	0.27%	+4.7%
	New	U S CENTY BK DORAL FLA	$344,000	–	28,227	–	0.26%	–
MCB	New	METROPOLITAN BK HLDG CORP	$344,000	–	4,080	–	0.26%	–
LNN	New	LINDSAY CORP	$340,000	–	2,241	–	0.26%	–
KTOS	Sell	KRATOS DEFENSE & SEC SOLUTIO	$335,000	-22.6%	15,000	-1.3%	0.26%	-19.6%
VRRKF	New	VERSABANK NEW	$329,000	–	29,890	–	0.25%	–
MLI	New	MUELLER INDS INC	$317,000	–	7,715	–	0.24%	–
CADE	Sell	CADENCE BANCORPORATIONcl a	$314,000	+5.0%	14,298	-0.3%	0.24%	+9.0%
BST	New	BLACKROCK SCIENCE & TECHNOLO	$308,000	–	5,900	–	0.24%	–
WTTR	Buy	SELECT ENERGY SVCS INC	$296,000	+124.2%	56,906	+158.7%	0.23%	+132.7%
HBCP	New	HOME BANCORP INC	$290,000	–	7,500	–	0.22%	–
CALB	Sell	CALIFORNIA BANCORP INC	$273,000	-6.2%	15,546	-0.2%	0.21%	-2.8%
	Sell	PROFESSIONAL HLDG CORP	$269,000	-4.6%	14,327	-8.5%	0.21%	-1.0%
BANC	Buy	BANC OF CALIFORNIA INC	$268,000	+7.2%	14,482	+1.5%	0.21%	+10.8%
ENB	Sell	ENBRIDGE INC	$262,000	-0.8%	6,578	-0.2%	0.20%	+3.1%
	New	ARCHAEA ENERGY INC	$251,000	–	13,244	–	0.19%	–
TTEK	New	TETRA TECH INC NEW	$233,000	–	1,556	–	0.18%	–
OBNK	Sell	ORIGIN BANCORP INC	$214,000	-0.5%	5,046	-0.4%	0.16%	+3.1%
NVDA	Buy	NVIDIA CORPORATION	$207,000	+3.5%	1,000	+300.0%	0.16%	+7.4%
OCFC	New	OCEANFIRST FINL CORP	$205,000	–	9,575	–	0.16%	–
JBLU	New	JETBLUE AWYS CORP	$168,000	–	11,000	–	0.13%	–
SBS	Sell	COMPANHIA DE SANEAMENTO BASIsponsored adr	$139,000	-68.2%	19,704	-66.6%	0.11%	-67.0%
NGL	Buy	NGL ENERGY PARTNERS LP	$104,000	+79.3%	44,000	+79.6%	0.08%	+86.0%
DNP	Exit	DNP SELECT INCOME FD INC	$0	–	-16,400	–	-0.13%	–
ESXB	Exit	COMMUNITY BANKERS TR CORP	$0	–	-20,090	–	-0.17%	–
BILI	Exit	BILIBILI INCspons ads rep z	$0	–	-2,000	–	-0.18%	–
SI	Exit	SILVERGATE CAP CORPcl a	$0	–	-2,273	–	-0.19%	–
ECL	Exit	ECOLAB INC	$0	–	-1,594	–	-0.24%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-2,000	–	-0.26%	–
USA	Exit	LIBERTY ALL STAR EQUITY FDsh ben int	$0	–	-40,300	–	-0.27%	–
HBMD	Exit	HOWARD BANCORP INC	$0	–	-23,902	–	-0.29%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-15,600	–	-0.30%	–
CSQ	Exit	CALAMOS STRATEGIC TOTAL RETU	$0	–	-23,700	–	-0.32%	–
PPA	Exit	INVESCO EXCHANGE TRADED FD Taerospace defn	$0	–	-5,800	–	-0.32%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUNICP BO	$0	–	-19,700	–	-0.36%	–
BDJ	Exit	BLACKROCK ENHANCED EQUITY DI	$0	–	-55,500	–	-0.42%	–
FRST	Exit	PRIMIS FINANCIAL CORP	$0	–	-47,171	–	-0.54%	–
ETY	Exit	EATON VANCE TAX-MANAGED DIVE	$0	–	-61,250	–	-0.64%	–
RBNC	Exit	RELIANT BANCORP INC	$0	–	-31,844	–	-0.66%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-5,600	–	-0.68%	–

Q2 2021

			Value		Shares		↓ Weighting
WMB	New	WILLIAMS COS INC	$6,480,000	–	244,062	–	4.81%	–
ILMN	New	ILLUMINA INC	$5,557,000	–	11,743	–	4.13%	–
AAPL	New	APPLE INC	$5,363,000	–	39,156	–	3.98%	–
ET	New	ENERGY TRANSFER L P	$4,734,000	–	445,335	–	3.52%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$4,576,000	–	10,689	–	3.40%	–
AMZN	New	AMAZON COM INC	$4,500,000	–	1,308	–	3.34%	–
LNG	New	CHENIERE ENERGY INC	$4,252,000	–	49,024	–	3.16%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,957,000	–	1,579	–	2.94%	–
HXL	New	HEXCEL CORP NEW	$3,920,000	–	62,814	–	2.91%	–
MSFT	New	MICROSOFT CORP	$3,347,000	–	12,355	–	2.48%	–
HD	New	HOME DEPOT INC	$3,030,000	–	9,501	–	2.25%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,992,000	–	19,413	–	2.22%	–
MPLX	New	MPLX LP	$2,757,000	–	93,126	–	2.05%	–
SUN	New	SUNOCO LP/SUNOCO FIN CORP	$2,432,000	–	64,500	–	1.81%	–
TRGP	New	TARGA RES CORP	$2,425,000	–	54,564	–	1.80%	–
ABT	New	ABBOTT LABS	$2,157,000	–	18,605	–	1.60%	–
HON	New	HONEYWELL INTL INC	$2,098,000	–	9,564	–	1.56%	–
ABBV	New	ABBVIE INC	$2,084,000	–	18,500	–	1.55%	–
DIS	New	DISNEY WALT CO	$2,081,000	–	11,841	–	1.54%	–
MDT	New	MEDTRONIC PLC	$1,915,000	–	15,427	–	1.42%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$1,660,000	–	68,778	–	1.23%	–
BA	New	BOEING CO	$1,539,000	–	6,426	–	1.14%	–
RXN	New	REXNORD CORP	$1,516,000	–	30,287	–	1.12%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$1,478,000	–	130,135	–	1.10%	–
WES	New	WESTERN MIDSTREAM PARTNERS L	$1,429,000	–	66,707	–	1.06%	–
SRE	New	SEMPRA ENERGY	$1,392,000	–	10,505	–	1.03%	–
PG	New	PROCTER AND GAMBLE CO	$1,390,000	–	10,298	–	1.03%	–
CL	New	COLGATE PALMOLIVE CO	$1,327,000	–	16,310	–	0.98%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$1,272,000	–	10,715	–	0.94%	–
WTRG	New	ESSENTIAL UTILS INC	$1,196,000	–	26,171	–	0.89%	–
JPM	New	JPMORGAN CHASE & CO	$1,167,000	–	7,506	–	0.87%	–
AM	New	ANTERO MIDSTREAM CORP	$1,113,000	–	107,145	–	0.83%	–
MCD	New	MCDONALDS CORP	$996,000	–	4,313	–	0.74%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$960,000	–	4,105	–	0.71%	–
MAS	New	MASCO CORP	$959,000	–	16,277	–	0.71%	–
HUBB	New	HUBBELL INC	$950,000	–	5,087	–	0.70%	–
GLW	New	CORNING INC	$944,000	–	23,074	–	0.70%	–
PXD	New	PIONEER NAT RES CO	$910,000	–	5,600	–	0.68%	–
JNJ	New	JOHNSON & JOHNSON	$900,000	–	5,461	–	0.67%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$886,000	–	10,384	–	0.66%	–
RBNC	New	RELIANT BANCORP INC	$883,000	–	31,844	–	0.66%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$867,000	–	5,393	–	0.64%	–
ETY	New	EATON VANCE TAX-MANAGED DIVE	$862,000	–	61,250	–	0.64%	–
IXJ	New	ISHARES TRglob hlthcre etf	$836,000	–	10,058	–	0.62%	–
D	New	DOMINION ENERGY INC	$830,000	–	11,282	–	0.62%	–
CWEN	New	CLEARWAY ENERGY INCcl c	$795,000	–	30,023	–	0.59%	–
OKE	New	ONEOK INC NEW	$754,000	–	13,545	–	0.56%	–
CVS	New	CVS HEALTH CORP	$746,000	–	8,945	–	0.55%	–
GWRS	New	GLOBAL WTR RES INC	$745,000	–	43,626	–	0.55%	–
KMI	New	KINDER MORGAN INC DEL	$744,000	–	40,825	–	0.55%	–
GLDD	New	GREAT LAKES DREDGE & DOCK CO	$739,000	–	50,606	–	0.55%	–
CMI	New	CUMMINS INC	$722,000	–	2,960	–	0.54%	–
LMST	New	LIMESTONE BANCORP INC	$722,000	–	43,384	–	0.54%	–
FRST	New	PRIMIS FINANCIAL CORP	$720,000	–	47,171	–	0.54%	–
CARR	New	CARRIER GLOBAL CORPORATION	$715,000	–	14,712	–	0.53%	–
ASML	New	ASML HOLDING N V	$685,000	–	991	–	0.51%	–
PNR	New	PENTAIR PLC	$672,000	–	9,963	–	0.50%	–
OLED	New	UNIVERSAL DISPLAY CORP	$667,000	–	3,000	–	0.50%	–
NEE	New	NEXTERA ENERGY INC	$667,000	–	9,096	–	0.50%	–
STXB	New	SPIRIT OF TEX BANCSHARES INC	$659,000	–	28,817	–	0.49%	–
SLCT	New	SELECT BANCORP INC NEW	$654,000	–	40,589	–	0.49%	–
PRI	New	PRIMERICA INC	$613,000	–	4,000	–	0.46%	–
OTIS	New	OTIS WORLDWIDE CORP	$600,000	–	7,333	–	0.44%	–
INTC	New	INTEL CORP	$582,000	–	10,370	–	0.43%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DI	$562,000	–	55,500	–	0.42%	–
AQUA	New	EVOQUA WATER TECHNOLOGIES CO	$560,000	–	16,572	–	0.42%	–
SFST	New	SOUTHERN FIRST BANCSHARES	$560,000	–	10,943	–	0.42%	–
FBMS	New	FIRST BANCSHARES INC MS	$557,000	–	14,887	–	0.41%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$556,000	–	4,070	–	0.41%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$545,000	–	3,693	–	0.40%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$531,000	–	10,863	–	0.39%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$529,000	–	45,535	–	0.39%	–
WMT	New	WALMART INC	$505,000	–	3,580	–	0.38%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$498,000	–	3,950	–	0.37%	–
RVSB	New	RIVERVIEW BANCORP INC	$497,000	–	70,103	–	0.37%	–
GBAB	New	GUGGENHEIM TAXABLE MUNICP BO	$486,000	–	19,700	–	0.36%	–
MYFW	New	FIRST WESTN FINL INC	$452,000	–	17,455	–	0.34%	–
EQBK	New	EQUITY BANCSHARES INC	$443,000	–	14,536	–	0.33%	–
HAYW	New	HAYWARD HLDGS INC	$442,000	–	16,976	–	0.33%	–
PPA	New	INVESCO EXCHANGE TRADED FD Taerospace defn	$436,000	–	5,800	–	0.32%	–
KO	New	COCA COLA CO	$437,000	–	8,074	–	0.32%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$437,000	–	59,041	–	0.32%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$433,000	–	15,200	–	0.32%	–
CSQ	New	CALAMOS STRATEGIC TOTAL RETU	$431,000	–	23,700	–	0.32%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$426,000	–	5,000	–	0.32%	–
GLD	New	SPDR GOLD TR	$406,000	–	2,450	–	0.30%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$402,000	–	15,600	–	0.30%	–
JD	New	JD.COM INCspon adr cl a	$399,000	–	5,000	–	0.30%	–
ETJ	New	EATON VANCE RISK-MANAGED DIV	$396,000	–	34,375	–	0.29%	–
BFST	New	BUSINESS FIRST BANCSHARES IN	$395,000	–	17,200	–	0.29%	–
XYL	New	XYLEM INC	$394,000	–	3,286	–	0.29%	–
HBMD	New	HOWARD BANCORP INC	$386,000	–	23,902	–	0.29%	–
ARTNA	New	ARTESIAN RES CORPcl a	$385,000	–	10,459	–	0.29%	–
YORW	New	YORK WTR CO	$382,000	–	8,429	–	0.28%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$378,000	–	8,000	–	0.28%	–
VZ	New	VERIZON COMMUNICATIONS INC	$369,000	–	6,588	–	0.27%	–
USA	New	LIBERTY ALL STAR EQUITY FDsh ben int	$364,000	–	40,300	–	0.27%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$362,000	–	4,745	–	0.27%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$345,000	–	9,405	–	0.26%	–
ADI	New	ANALOG DEVICES INC	$344,000	–	2,000	–	0.26%	–
CSTR	New	CAPSTAR FINL HLDGS INC	$339,000	–	16,523	–	0.25%	–
ECL	New	ECOLAB INC	$329,000	–	1,594	–	0.24%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$317,000	–	3,100	–	0.24%	–
STWD	New	STARWOOD PPTY TR INC	$302,000	–	11,550	–	0.22%	–
CADE	New	CADENCE BANCORPORATIONcl a	$299,000	–	14,343	–	0.22%	–
CALB	New	CALIFORNIA BANCORP INC	$291,000	–	15,576	–	0.22%	–
QCOM	New	QUALCOMM INC	$286,000	–	2,000	–	0.21%	–
	New	PROFESSIONAL HLDG CORP	$282,000	–	15,662	–	0.21%	–
ENB	New	ENBRIDGE INC	$264,000	–	6,593	–	0.20%	–
SI	New	SILVERGATE CAP CORPcl a	$258,000	–	2,273	–	0.19%	–
SAP	New	SAP SEspon adr	$253,000	–	1,800	–	0.19%	–
BANC	New	BANC OF CALIFORNIA INC	$250,000	–	14,262	–	0.19%	–
BILI	New	BILIBILI INCspons ads rep z	$244,000	–	2,000	–	0.18%	–
CBNK	New	CAPITAL BANCORP INC MD	$241,000	–	11,781	–	0.18%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$241,000	–	1,161	–	0.18%	–
ESXB	New	COMMUNITY BANKERS TR CORP	$228,000	–	20,090	–	0.17%	–
EVG	New	EATON VANCE SHORT DURATION D	$226,000	–	17,000	–	0.17%	–
IMAX	New	IMAX CORP	$226,000	–	10,500	–	0.17%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$220,000	–	5,258	–	0.16%	–
ARCC	New	ARES CAPITAL CORP	$217,000	–	11,100	–	0.16%	–
OBNK	New	ORIGIN BANCORP INC	$215,000	–	5,066	–	0.16%	–
FAST	New	FASTENAL CO	$208,000	–	4,000	–	0.15%	–
NVDA	New	NVIDIA CORPORATION	$200,000	–	250	–	0.15%	–
DNP	New	DNP SELECT INCOME FD INC	$171,000	–	16,400	–	0.13%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$155,000	–	10,000	–	0.12%	–
WTTR	New	SELECT ENERGY SVCS INC	$132,000	–	21,994	–	0.10%	–
ENLC	New	ENLINK MIDSTREAM LLC	$96,000	–	15,000	–	0.07%	–
NGL	New	NGL ENERGY PARTNERS LP	$58,000	–	24,500	–	0.04%	–

Q4 2020

			Value		Shares		↓ Weighting
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-15,000	–	-0.03%	–
NCV	Exit	ALLIANZGI CONV INCOME FD	$0	–	-13,000	–	-0.05%	–
WTTR	Exit	SELECT ENERGY SVCS INC	$0	–	-17,922	–	-0.06%	–
TSI	Exit	TCW STRATEGIC INCOME FD INC	$0	–	-16,520	–	-0.08%	–
IMAX	Exit	IMAX CORP	$0	–	-10,500	–	-0.10%	–
TME	Exit	TENCENT MUSIC ENTMT GROUPspon ads	$0	–	-10,000	–	-0.12%	–
HBMD	Exit	HOWARD BANCORP INC	$0	–	-19,237	–	-0.14%	–
ESXB	Exit	COMMUNITY BANKERS TR CORP	$0	–	-35,880	–	-0.15%	–
MOMO	Exit	MOMO INCadr	$0	–	-14,000	–	-0.16%	–
ESQ	Exit	ESQUIRE FINL HLDGS INC	$0	–	-13,192	–	-0.16%	–
LMST	Exit	LIMESTONE BANCORP INC	$0	–	-19,471	–	-0.17%	–
BST	Exit	BLACKROCK SCIENCE & TECHNOLO	$0	–	-4,800	–	-0.17%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-8,000	–	-0.17%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-3,000	–	-0.17%	–
BFST	Exit	BUSINESS FIRST BANCSHARES IN	$0	–	-15,003	–	-0.18%	–
USA	Exit	LIBERTY ALL STAR EQUITY FDsh ben int	$0	–	-37,800	–	-0.18%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-2,000	–	-0.19%	–
NI	Exit	NISOURCE INC	$0	–	-10,600	–	-0.19%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,000	–	-0.19%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-620	–	-0.19%	–
MMM	Exit	3M CO	$0	–	-1,500	–	-0.20%	–
	Exit	PROFESSIONAL HLDG CORP	$0	–	-18,919	–	-0.21%	–
CWT	Exit	CALIFORNIA WTR SVC GROUP	$0	–	-6,038	–	-0.21%	–
AWR	Exit	AMER STATES WTR CO	$0	–	-3,526	–	-0.22%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-1,585	–	-0.22%	–
HTH	Exit	HILLTOP HOLDINGS INC	$0	–	-13,057	–	-0.22%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-11,215	–	-0.22%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-62,545	–	-0.23%	–
CSQ	Exit	CALAMOS STRATEGIC TOTL RETN	$0	–	-21,100	–	-0.23%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,725	–	-0.23%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-1,350	–	-0.24%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-12,682	–	-0.24%	–
ARTNA	Exit	ARTESIAN RES CORPcl a	$0	–	-8,459	–	-0.24%	–
SAP	Exit	SAP SEspon adr	$0	–	-1,900	–	-0.24%	–
OKE	Exit	ONEOK INC NEW	$0	–	-12,085	–	-0.26%	–
XYL	Exit	XYLEM INC	$0	–	-3,923	–	-0.27%	–
ETJ	Exit	EATON VANCE RISK MNGD DIV EQ	$0	–	-34,600	–	-0.27%	–
PPA	Exit	INVESCO EXCHANGE TRADED FD Taerospace defn	$0	–	-6,000	–	-0.27%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-4,000	–	-0.27%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-2,000	–	-0.28%	–
MYFW	Exit	FIRST WESTN FINL INC	$0	–	-28,058	–	-0.30%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-93,075	–	-0.30%	–
SJW	Exit	SJW GROUP	$0	–	-6,101	–	-0.30%	–
ASML	Exit	ASML HOLDING N V	$0	–	-1,024	–	-0.31%	–
SLCT	Exit	SELECT BANCORP INC NEW	$0	–	-52,765	–	-0.31%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-5,000	–	-0.32%	–
EQBK	Exit	EQUITY BANCSHARES INC	$0	–	-25,200	–	-0.32%	–
DOW	Exit	DOW INC	$0	–	-8,373	–	-0.32%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-5,000	–	-0.34%	–
FBMS	Exit	FIRST BANCSHARES INC MS	$0	–	-19,858	–	-0.34%	–
GLDD	Exit	GREAT LAKES DREDGE & DOCK CO	$0	–	-44,044	–	-0.34%	–
FHN	Exit	FIRST HORIZON NATL CORP	$0	–	-44,988	–	-0.35%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-7,712	–	-0.35%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-7,205	–	-0.35%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN MANAG	$0	–	-18,400	–	-0.35%	–
GLD	Exit	SPDR GOLD TR	$0	–	-2,450	–	-0.35%	–
BDJ	Exit	BLACKROCK ENHANCED EQUITY DI	$0	–	-59,700	–	-0.36%	–
KO	Exit	COCA COLA CO	$0	–	-9,019	–	-0.36%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.37%	–
VBTX	Exit	VERITEX HLDGS INC	$0	–	-26,907	–	-0.37%	–
RXN	Exit	REXNORD CORP	$0	–	-15,441	–	-0.38%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-5,100	–	-0.38%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-4,043	–	-0.38%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-355	–	-0.39%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-5,600	–	-0.39%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-80,635	–	-0.39%	–
SFST	Exit	SOUTHERN FIRST BANCSHARES IN	$0	–	-20,171	–	-0.40%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,625	–	-0.40%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-19,700	–	-0.42%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-62,268	–	-0.42%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-3,000	–	-0.44%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-17,003	–	-0.44%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-50,806	–	-0.45%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-28,700	–	-0.45%	–
STXB	Exit	SPIRIT OF TEX BANCSHARES INC	$0	–	-50,890	–	-0.46%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-19,777	–	-0.49%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-9,751	–	-0.50%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-49,673	–	-0.50%	–
ETY	Exit	EATON VANCE TX MGD DIV EQ IN	$0	–	-61,200	–	-0.54%	–
RBNC	Exit	RELIANT BANCORP INC	$0	–	-48,614	–	-0.58%	–
GLW	Exit	CORNING INC	$0	–	-22,370	–	-0.59%	–
WES	Exit	WESTERN MIDSTREAM PARTNERS L	$0	–	-96,069	–	-0.63%	–
CMI	Exit	CUMMINS INC	$0	–	-3,845	–	-0.66%	–
INTC	Exit	INTEL CORP	$0	–	-15,708	–	-0.66%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-13,985	–	-0.67%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-24,918	–	-0.70%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-6,270	–	-0.70%	–
AM	Exit	ANTERO MIDSTREAM CORP	$0	–	-160,075	–	-0.70%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-15,094	–	-0.71%	–
HUBB	Exit	HUBBELL INC	$0	–	-6,484	–	-0.72%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-12,798	–	-0.75%	–
TRGP	Exit	TARGA RES CORP	$0	–	-71,007	–	-0.81%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-10,015	–	-0.82%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-17,077	–	-0.83%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-12,417	–	-0.97%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-6,557	–	-1.01%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-79,790	–	-1.03%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,078	–	-1.09%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-17,500	–	-1.10%	–
FRTA	Exit	FORTERRA INC	$0	–	-114,396	–	-1.10%	–
D	Exit	DOMINION ENERGY INC	$0	–	-18,074	–	-1.16%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,799	–	-1.19%	–
BA	Exit	BOEING CO	$0	–	-9,754	–	-1.31%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,500	–	-1.32%	–
DIS	Exit	DISNEY WALT CO	$0	–	-13,918	–	-1.41%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-14,799	–	-1.43%	–
MPLX	Exit	MPLX LP	$0	–	-111,923	–	-1.44%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-6,695	–	-1.52%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-14,025	–	-1.59%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-48,972	–	-1.61%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,605	–	-1.65%	–
SUN	Exit	SUNOCO LP/SUNOCO FIN CORP	$0	–	-85,995	–	-1.71%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-69,212	–	-1.89%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,707	–	-1.92%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-15,246	–	-2.05%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-58,165	–	-2.19%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,891	–	-2.27%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-529,131	–	-2.34%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-15,695	–	-2.69%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-11,387	–	-3.11%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-27,435	–	-3.24%	–
ILMN	Exit	ILLUMINA INC	$0	–	-13,657	–	-3.44%	–
HD	Exit	HOME DEPOT INC	$0	–	-15,367	–	-3.48%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,575	–	-4.04%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-292,103	–	-4.68%	–
AAPL	Exit	APPLE INC	$0	–	-62,940	–	-5.94%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$7,289,000	+21.5%	62,940	+282.8%	5.94%	+17.7%
WMB	Buy	WILLIAMS COS INC	$5,740,000	+25.2%	292,103	+21.2%	4.68%	+21.3%
AMZN	Sell	AMAZON COM INC	$4,959,000	+7.4%	1,575	-5.9%	4.04%	+4.0%
HD	Sell	HOME DEPOT INC	$4,268,000	+9.7%	15,367	-1.1%	3.48%	+6.3%
ILMN	Sell	ILLUMINA INC	$4,221,000	-19.0%	13,657	-2.9%	3.44%	-21.5%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$3,975,000	+21.7%	27,435	+8.1%	3.24%	+17.9%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$3,814,000	+9.0%	11,387	+0.4%	3.11%	+5.6%
MSFT	Sell	MICROSOFT CORP	$3,301,000	-3.3%	15,695	-6.4%	2.69%	-6.3%
ET	Buy	ENERGY TRANSFER LP	$2,868,000	-23.7%	529,131	+0.3%	2.34%	-26.1%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,779,000	+2.3%	1,891	-1.6%	2.27%	-0.9%
LNG	Sell	CHENIERE ENERGY INC	$2,691,000	-4.5%	58,165	-0.2%	2.19%	-7.5%
HON	Buy	HONEYWELL INTL INC	$2,510,000	+14.1%	15,246	+0.2%	2.05%	+10.5%
MDT	Buy	MEDTRONIC PLC	$2,360,000	+18.1%	22,707	+4.2%	1.92%	+14.3%
HXL	Sell	HEXCEL CORP NEW	$2,322,000	-26.5%	69,212	-0.9%	1.89%	-28.8%
SUN	Sell	SUNOCO LP/SUNOCO FIN CORP	$2,097,000	+4.7%	85,995	-2.0%	1.71%	+1.4%
WTRG	Buy	ESSENTIAL UTILS INC	$1,972,000	+1.7%	48,972	+6.7%	1.61%	-1.5%
PG	Sell	PROCTER AND GAMBLE CO	$1,949,000	+15.9%	14,025	-0.3%	1.59%	+12.2%
NEE	Sell	NEXTERA ENERGY INC	$1,858,000	+14.4%	6,695	-1.0%	1.52%	+10.8%
MPLX	Sell	MPLX LP	$1,762,000	-14.5%	111,923	-6.2%	1.44%	-17.2%
SRE	Sell	SEMPRA ENERGY	$1,752,000	+0.6%	14,799	-0.4%	1.43%	-2.5%
DIS	Sell	DISNEY WALT CO	$1,727,000	+9.6%	13,918	-1.5%	1.41%	+6.1%
BA	Sell	BOEING CO	$1,612,000	-10.1%	9,754	-0.3%	1.31%	-13.0%
JNJ	Buy	JOHNSON & JOHNSON	$1,459,000	+82.8%	9,799	+72.7%	1.19%	+77.1%
D	Sell	DOMINION ENERGY INC	$1,427,000	-3.8%	18,074	-1.0%	1.16%	-6.7%
FRTA	Buy	FORTERRA INC	$1,352,000	+14.0%	114,396	+7.6%	1.10%	+10.4%
CL	Sell	COLGATE PALMOLIVE CO	$1,350,000	-10.1%	17,500	-14.6%	1.10%	-12.9%
MCD	Sell	MCDONALDS CORP	$1,334,000	+18.2%	6,078	-0.7%	1.09%	+14.5%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$1,260,000	-15.4%	79,790	-2.6%	1.03%	-18.0%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$1,243,000	+7.8%	6,557	-0.5%	1.01%	+4.4%
JPM	Sell	JPMORGAN CHASE & CO	$1,195,000	+1.4%	12,417	-0.9%	0.97%	-1.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,016,000	+6.1%	17,077	-1.7%	0.83%	+2.7%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$1,002,000	-0.7%	10,015	-9.1%	0.82%	-3.8%
TRGP	Sell	TARGA RES CORP	$996,000	-32.2%	71,007	-3.0%	0.81%	-34.4%
IXJ	Buy	ISHARES TRglob hlthcre etf	$919,000	+10.5%	12,798	+5.8%	0.75%	+7.0%
HUBB	Sell	HUBBELL INC	$887,000	+8.4%	6,484	-0.6%	0.72%	+4.9%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$869,000	-6.6%	15,094	-0.0%	0.71%	-9.5%
AM	Buy	ANTERO MIDSTREAM CORP	$860,000	+7.5%	160,075	+2.1%	0.70%	+4.2%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$854,000	+12.8%	6,270	-1.2%	0.70%	+9.3%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$852,000	-28.1%	24,918	-9.3%	0.70%	-30.4%
CVS	Sell	CVS HEALTH CORP	$817,000	-12.9%	13,985	-3.2%	0.67%	-15.7%
INTC	Sell	INTEL CORP	$813,000	-13.6%	15,708	-0.1%	0.66%	-16.3%
WES	New	WESTERN MIDSTREAM PARTNERS L	$769,000	–	96,069	–	0.63%	–
GLW	Buy	CORNING INC	$725,000	+25.6%	22,370	+0.4%	0.59%	+21.6%
RBNC	Buy	RELIANT BANCORP INC	$705,000	+76.2%	48,614	+98.2%	0.58%	+70.6%
ETY	Buy	EATON VANCE TX MGD DIV EQ IN	$666,000	+37.9%	61,200	+36.6%	0.54%	+33.4%
KMI	Sell	KINDER MORGAN INC DEL	$612,000	-26.6%	49,673	-9.6%	0.50%	-28.9%
OTIS	Buy	OTIS WORLDWIDE CORP	$609,000	+44.3%	9,751	+31.3%	0.50%	+40.0%
CARR	Buy	CARRIER GLOBAL CORPORATION	$604,000	+83.0%	19,777	+33.0%	0.49%	+77.3%
STXB	Sell	SPIRIT OF TEX BANCSHARES INC	$568,000	-9.6%	50,890	-0.2%	0.46%	-12.5%
KTOS	Sell	KRATOS DEFENSE & SEC SOLUTIO	$553,000	+21.5%	28,700	-1.4%	0.45%	+17.8%
FIBK	New	FIRST INTST BANCSYSTEM INC	$542,000	–	17,003	–	0.44%	–
SBS	Buy	COMPANHIA DE SANEAMENTO BASIsponsored adr	$517,000	+36.8%	62,268	+73.0%	0.42%	+32.7%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$488,000	+3.4%	4,625	-1.9%	0.40%	+0.3%
SFST	New	SOUTHERN FIRST BANCSHARES IN	$487,000	–	20,171	–	0.40%	–
PAA	Sell	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$482,000	-33.0%	80,635	-0.9%	0.39%	-35.0%
WFCPRL	Buy	WELLS FARGO CO NEWperp pfd cnv a	$476,000	+22.4%	355	+18.3%	0.39%	+18.7%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$472,000	+18.6%	5,100	+10.0%	0.38%	+14.9%
VBTX	Buy	VERITEX HLDGS INC	$458,000	+37.1%	26,907	+42.9%	0.37%	+32.7%
KO	Sell	COCA COLA CO	$445,000	+10.4%	9,019	-0.0%	0.36%	+7.1%
BDJ	Sell	BLACKROCK ENHANCED EQUITY DI	$436,000	-1.6%	59,700	-1.2%	0.36%	-4.6%
NEP	Sell	NEXTERA ENERGY PARTNERS LP	$432,000	+7.2%	7,205	-8.3%	0.35%	+3.8%
DD	New	DUPONT DE NEMOURS INC	$428,000	–	7,712	–	0.35%	–
FHN	New	FIRST HORIZON NATL CORP	$424,000	–	44,988	–	0.35%	–
GLDD	Buy	GREAT LAKES DREDGE & DOCK CO	$419,000	+41.6%	44,044	+37.6%	0.34%	+37.3%
FBMS	Sell	FIRST BANCSHARES INC MS	$416,000	-7.6%	19,858	-0.7%	0.34%	-10.6%
DOW	Sell	DOW INC	$394,000	+14.9%	8,373	-0.5%	0.32%	+11.1%
EQBK	Sell	EQUITY BANCSHARES INC	$391,000	-17.2%	25,200	-6.9%	0.32%	-19.6%
SLCT	Sell	SELECT BANCORP INC NEW	$379,000	-18.7%	52,765	-7.9%	0.31%	-21.2%
NGL	Sell	NGL ENERGY PARTNERS LP	$369,000	-1.9%	93,075	-3.4%	0.30%	-5.0%
MYFW	Sell	FIRST WESTN FINL INC	$363,000	-18.1%	28,058	-9.8%	0.30%	-20.6%
ETJ	Buy	EATON VANCE RISK MNGD DIV EQ	$331,000	+11.8%	34,600	+11.6%	0.27%	+8.4%
XYL	Sell	XYLEM INC	$330,000	-52.9%	3,923	-63.6%	0.27%	-54.3%
OKE	Sell	ONEOK INC NEW	$314,000	-26.3%	12,085	-5.8%	0.26%	-28.7%
ABCB	Sell	AMERIS BANCORP	$289,000	-51.1%	12,682	-49.4%	0.24%	-52.6%
CSQ	Buy	CALAMOS STRATEGIC TOTL RETN	$284,000	+72.1%	21,100	+58.6%	0.23%	+66.9%
GEL	Sell	GENESIS ENERGY L Punit ltd partn	$281,000	-40.3%	62,545	-4.1%	0.23%	-42.2%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$270,000	0.0%	11,215	-3.7%	0.22%	-3.1%
HTH	New	HILLTOP HOLDINGS INC	$269,000	–	13,057	–	0.22%	–
AWR	New	AMER STATES WTR CO	$264,000	–	3,526	–	0.22%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$264,000	–	1,585	–	0.22%	–
CWT	New	CALIFORNIA WTR SVC GROUP	$262,000	–	6,038	–	0.21%	–
LMT	Sell	LOCKHEED MARTIN CORP	$238,000	-3.3%	620	-8.1%	0.19%	-6.3%
QCOM	New	QUALCOMM INC	$235,000	–	2,000	–	0.19%	–
USA	Sell	LIBERTY ALL STAR EQUITY FDsh ben int	$227,000	+2.3%	37,800	-2.6%	0.18%	-1.1%
BFST	New	BUSINESS FIRST BANCSHARES IN	$225,000	–	15,003	–	0.18%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$211,000	–	3,000	–	0.17%	–
BST	New	BLACKROCK SCIENCE & TECHNOLO	$207,000	–	4,800	–	0.17%	–
LMST	Sell	LIMESTONE BANCORP INC	$205,000	-20.5%	19,471	-0.8%	0.17%	-23.0%
ESQ	Sell	ESQUIRE FINL HLDGS INC	$198,000	-42.8%	13,192	-35.5%	0.16%	-44.7%
MOMO	New	MOMO INCadr	$193,000	–	14,000	–	0.16%	–
ESXB	Sell	COMMUNITY BANKERS TR CORP	$182,000	-9.5%	35,880	-1.7%	0.15%	-12.4%
HBMD	Sell	HOWARD BANCORP INC	$173,000	-23.5%	19,237	-9.7%	0.14%	-25.8%
NCV	New	ALLIANZGI CONV INCOME FD	$60,000	–	13,000	–	0.05%	–
ENLC	Sell	ENLINK MIDSTREAM LLC	$35,000	-12.5%	15,000	-9.1%	0.03%	-14.7%
ANTE	Exit	AIRNET TECHNOLOGY INCsponsored ads	$0	–	-20,000	–	-0.01%	–
DBCP	Exit	DELMAR BANCORP	$0	–	-10,851	–	-0.06%	–
AMAL	Exit	AMALGAMATED BK NEW YORK N Yclass a	$0	–	-15,709	–	-0.17%	–
TCP	Exit	TC PIPELINES LP	$0	–	-7,125	–	-0.19%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-8,864	–	-0.19%	–
HTBK	Exit	HERITAGE COMMERCE CORP	$0	–	-37,068	–	-0.23%	–
BCTF	Exit	BANCORP 34 INC	$0	–	-50,894	–	-0.48%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,604	–	-0.51%	–
RRBI	Exit	RED RIVER BANCSHARES INC	$0	–	-14,900	–	-0.55%	–
PSX	Exit	PHILLIPS 66	$0	–	-14,504	–	-0.88%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$5,999,000	–	16,444	–	5.05%	–
ILMN	New	ILLUMINA INC	$5,211,000	–	14,071	–	4.39%	–
AMZN	New	AMAZON COM INC	$4,618,000	–	1,674	–	3.89%	–
WMB	New	WILLIAMS COS INC	$4,583,000	–	240,976	–	3.86%	–
HD	New	HOME DEPOT INC	$3,891,000	–	15,533	–	3.28%	–
ET	New	ENERGY TRANSFER LP	$3,758,000	–	527,800	–	3.16%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,498,000	–	11,344	–	2.94%	–
MSFT	New	MICROSOFT CORP	$3,414,000	–	16,775	–	2.87%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$3,265,000	–	25,377	–	2.75%	–
HXL	New	HEXCEL CORP NEW	$3,159,000	–	69,857	–	2.66%	–
LNG	New	CHENIERE ENERGY INC	$2,817,000	–	58,295	–	2.37%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,717,000	–	1,922	–	2.29%	–
HON	New	HONEYWELL INTL INC	$2,200,000	–	15,215	–	1.85%	–
MPLX	New	MPLX LP	$2,062,000	–	119,338	–	1.74%	–
SUN	New	SUNOCO LP/SUNOCO FIN CORP	$2,003,000	–	87,750	–	1.69%	–
MDT	New	MEDTRONIC PLC	$1,999,000	–	21,799	–	1.68%	–
WTRG	New	ESSENTIAL UTILS INC	$1,939,000	–	45,910	–	1.63%	–
ABBV	New	ABBVIE INC	$1,816,000	–	18,500	–	1.53%	–
BA	New	BOEING CO	$1,794,000	–	9,785	–	1.51%	–
SRE	New	SEMPRA ENERGY	$1,742,000	–	14,859	–	1.47%	–
ABT	New	ABBOTT LABS	$1,701,000	–	18,605	–	1.43%	–
PG	New	PROCTER AND GAMBLE CO	$1,682,000	–	14,063	–	1.42%	–
NEE	New	NEXTERA ENERGY INC	$1,624,000	–	6,763	–	1.37%	–
DIS	New	DISNEY WALT CO	$1,576,000	–	14,132	–	1.33%	–
CL	New	COLGATE PALMOLIVE CO	$1,502,000	–	20,500	–	1.26%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$1,489,000	–	81,960	–	1.25%	–
D	New	DOMINION ENERGY INC	$1,483,000	–	18,262	–	1.25%	–
TRGP	New	TARGA RES CORP	$1,469,000	–	73,187	–	1.24%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$1,185,000	–	27,461	–	1.00%	–
FRTA	New	FORTERRA INC	$1,186,000	–	106,300	–	1.00%	–
JPM	New	JPMORGAN CHASE & CO	$1,179,000	–	12,533	–	0.99%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$1,153,000	–	6,592	–	0.97%	–
MCD	New	MCDONALDS CORP	$1,129,000	–	6,121	–	0.95%	–
PSX	New	PHILLIPS 66	$1,043,000	–	14,504	–	0.88%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$1,009,000	–	11,015	–	0.85%	–
VZ	New	VERIZON COMMUNICATIONS INC	$958,000	–	17,368	–	0.81%	–
INTC	New	INTEL CORP	$941,000	–	15,725	–	0.79%	–
CVS	New	CVS HEALTH CORP	$938,000	–	14,441	–	0.79%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$930,000	–	15,096	–	0.78%	–
KMI	New	KINDER MORGAN INC DEL	$834,000	–	54,968	–	0.70%	–
IXJ	New	ISHARES TRglob hlthcre etf	$832,000	–	12,100	–	0.70%	–
HUBB	New	HUBBELL INC	$818,000	–	6,524	–	0.69%	–
AM	New	ANTERO MIDSTREAM CORP	$800,000	–	156,795	–	0.67%	–
JNJ	New	JOHNSON & JOHNSON	$798,000	–	5,674	–	0.67%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$757,000	–	6,344	–	0.64%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$719,000	–	81,355	–	0.60%	–
XYL	New	XYLEM INC	$700,000	–	10,773	–	0.59%	–
CMI	New	CUMMINS INC	$666,000	–	3,845	–	0.56%	–
RRBI	New	RED RIVER BANCSHARES INC	$654,000	–	14,900	–	0.55%	–
STXB	New	SPIRIT OF TEX BANCSHARES INC	$628,000	–	51,009	–	0.53%	–
UNP	New	UNION PAC CORP	$609,000	–	3,604	–	0.51%	–
ABCB	New	AMERIS BANCORP	$591,000	–	25,058	–	0.50%	–
GLW	New	CORNING INC	$577,000	–	22,275	–	0.49%	–
BCTF	New	BANCORP 34 INC	$575,000	–	50,894	–	0.48%	–
PXD	New	PIONEER NAT RES CO	$547,000	–	5,600	–	0.46%	–
GWRS	New	GLOBAL WTR RES INC	$535,000	–	50,806	–	0.45%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$491,000	–	19,700	–	0.41%	–
ETY	New	EATON VANCE TX MGD DIV EQ IN	$483,000	–	44,800	–	0.41%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$472,000	–	4,715	–	0.40%	–
EQBK	New	EQUITY BANCSHARES INC	$472,000	–	27,072	–	0.40%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$471,000	–	65,215	–	0.40%	–
PRI	New	PRIMERICA INC	$466,000	–	4,000	–	0.39%	–
SLCT	New	SELECT BANCORP INC NEW	$466,000	–	57,288	–	0.39%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$455,000	–	29,100	–	0.38%	–
FBMS	New	FIRST BANCSHARES INC MS	$450,000	–	20,000	–	0.38%	–
RXN	New	REXNORD CORP	$450,000	–	15,441	–	0.38%	–
OLED	New	UNIVERSAL DISPLAY CORP	$449,000	–	3,000	–	0.38%	–
MYFW	New	FIRST WESTN FINL INC	$443,000	–	31,102	–	0.37%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DI	$443,000	–	60,400	–	0.37%	–
GBAB	New	GUGGENHEIM TAXABLE MUN MNGD	$428,000	–	18,400	–	0.36%	–
OKE	New	ONEOK INC NEW	$426,000	–	12,825	–	0.36%	–
OTIS	New	OTIS WORLDWIDE CORP	$422,000	–	7,426	–	0.36%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$422,000	–	4,043	–	0.36%	–
GLD	New	SPDR GOLD TR	$410,000	–	2,450	–	0.34%	–
KO	New	COCA COLA CO	$403,000	–	9,023	–	0.34%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$403,000	–	7,860	–	0.34%	–
RBNC	New	RELIANT BANCORP INC	$400,000	–	24,532	–	0.34%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$398,000	–	4,637	–	0.34%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$389,000	–	300	–	0.33%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$389,000	–	5,000	–	0.33%	–
SJW	New	SJW GROUP	$379,000	–	6,101	–	0.32%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$378,000	–	35,989	–	0.32%	–
ASML	New	ASML HOLDING N V	$377,000	–	1,024	–	0.32%	–
NGL	New	NGL ENERGY PARTNERS LP	$376,000	–	96,345	–	0.32%	–
ESQ	New	ESQUIRE FINL HLDGS INC	$346,000	–	20,445	–	0.29%	–
DOW	New	DOW INC	$343,000	–	8,414	–	0.29%	–
VBTX	New	VERITEX HLDGS INC	$334,000	–	18,834	–	0.28%	–
ES	New	EVERSOURCE ENERGY	$333,000	–	4,000	–	0.28%	–
PPA	New	INVESCO EXCHANGE TRADED FD Taerospace defn	$332,000	–	6,000	–	0.28%	–
CARR	New	CARRIER GLOBAL CORPORATION	$330,000	–	14,868	–	0.28%	–
ARTNA	New	ARTESIAN RESOURCES CORPcl a	$307,000	–	8,459	–	0.26%	–
JD	New	JD.COM INCspon adr cl a	$301,000	–	5,000	–	0.25%	–
ETJ	New	EATON VANCE RISK MNGD DIV EQ	$296,000	–	31,000	–	0.25%	–
GLDD	New	GREAT LAKES DREDGE & DOCK CO	$296,000	–	32,000	–	0.25%	–
HTBK	New	HERITAGE COMMERCE CORP	$278,000	–	37,068	–	0.23%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$270,000	–	11,650	–	0.23%	–
SAP	New	SAP SEspon adr	$266,000	–	1,900	–	0.22%	–
	New	PROFESSIONAL HLDG CORP	$263,000	–	18,919	–	0.22%	–
LMST	New	LIMESTONE BANCORP INC	$258,000	–	19,634	–	0.22%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$256,000	–	3,725	–	0.22%	–
LMT	New	LOCKHEED MARTIN CORP	$246,000	–	675	–	0.21%	–
VAR	New	VARIAN MED SYS INC	$245,000	–	2,000	–	0.21%	–
ADI	New	ANALOG DEVICES INC	$245,000	–	2,000	–	0.21%	–
NI	New	NISOURCE INC	$241,000	–	10,600	–	0.20%	–
NSC	New	NORFOLK SOUTHERN CORP	$237,000	–	1,350	–	0.20%	–
MMM	New	3M CO	$234,000	–	1,500	–	0.20%	–
WFC	New	WELLS FARGO CO NEW	$227,000	–	8,864	–	0.19%	–
HBMD	New	HOWARD BANCORP INC	$226,000	–	21,301	–	0.19%	–
USA	New	LIBERTY ALL STAR EQUITY FDsh ben int	$222,000	–	38,800	–	0.19%	–
TCP	New	TC PIPELINES LP	$221,000	–	7,125	–	0.19%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$204,000	–	8,000	–	0.17%	–
ESXB	New	COMMUNITY BANKERS TR CORP	$201,000	–	36,512	–	0.17%	–
AMAL	New	AMALGAMATED BK NEW YORK N Yclass a	$199,000	–	15,709	–	0.17%	–
CSQ	New	CALAMOS STRATEGIC TOTL RETN	$165,000	–	13,300	–	0.14%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$135,000	–	10,000	–	0.11%	–
IMAX	New	IMAX CORP	$118,000	–	10,500	–	0.10%	–
TSI	New	TCW STRATEGIC INCOME FD INC	$90,000	–	16,520	–	0.08%	–
WTTR	New	SELECT ENERGY SVCS INC	$88,000	–	17,922	–	0.07%	–
DBCP	New	DELMAR BANCORP	$71,000	–	10,851	–	0.06%	–
ENLC	New	ENLINK MIDSTREAM LLC	$40,000	–	16,500	–	0.03%	–
ANTE	New	AIRNET TECHNOLOGY INCsponsored ads	$16,000	–	20,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
ABILF	Exit	ABILITY INC	$0	–	-16,000	–	-0.01%	–
AWSM	Exit	COOL HLDGS INC	$0	–	-10,000	–	-0.01%	–
VRML	Exit	VERMILLION INC	$0	–	-30,000	–	-0.01%	–
ANTE	Exit	AIRNET TECHNOLOGY INCsponsored adr	$0	–	-20,000	–	-0.01%	–
LBC	Exit	LUTHER BURBANK CORP	$0	–	-10,044	–	-0.07%	–
TME	Exit	TENCENT MUSIC ENTMT GROUPspon ads	$0	–	-10,000	–	-0.08%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-17,500	–	-0.09%	–
MWA	Exit	MUELLER WTR PRODS INC	$0	–	-15,893	–	-0.11%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,500	–	-0.12%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-1,700	–	-0.12%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-3,575	–	-0.12%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-14,100	–	-0.12%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-5,062	–	-0.13%	–
FSBC	Exit	FSB BANCORP INC	$0	–	-12,668	–	-0.13%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,518	–	-0.13%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-2,000	–	-0.13%	–
SAP	Exit	SAP SEspon adr	$0	–	-1,900	–	-0.14%	–
IMAX	Exit	IMAX CORP	$0	–	-10,500	–	-0.14%	–
MAS	Exit	MASCO CORP	$0	–	-5,514	–	-0.14%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-10,000	–	-0.14%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-8,000	–	-0.14%	–
CTVA	Exit	CORTEVA INC	$0	–	-8,422	–	-0.14%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-2,000	–	-0.14%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-28,000	–	-0.14%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,350	–	-0.15%	–
MMM	Exit	3M CO	$0	–	-1,500	–	-0.15%	–
ASML	Exit	ASML HOLDING N V	$0	–	-1,024	–	-0.15%	–
USA	Exit	LIBERTY ALL STAR EQUITY FDsh ben int	$0	–	-40,000	–	-0.15%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-675	–	-0.16%	–
PBFX	Exit	PBF LOGISTICS LPunit ltd ptnr	$0	–	-12,670	–	-0.16%	–
WTRU	Exit	AQUA AMERICA INCunit 04/30/2022	$0	–	-4,444	–	-0.16%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,825	–	-0.16%	–
FRTA	Exit	FORTERRA INC	$0	–	-39,892	–	-0.17%	–
AEE	Exit	AMEREN CORP	$0	–	-3,600	–	-0.17%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-10,000	–	-0.18%	–
TCP	Exit	TC PIPELINES LP	$0	–	-7,125	–	-0.18%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-5,000	–	-0.18%	–
XYL	Exit	XYLEM INC	$0	–	-3,773	–	-0.18%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,950	–	-0.18%	–
OBNK	Exit	ORIGIN BANCORP INC	$0	–	-9,680	–	-0.20%	–
AOS	Exit	SMITH A O CORP	$0	–	-6,889	–	-0.20%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-4,093	–	-0.20%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-36,900	–	-0.20%	–
GXC	Exit	SPDR INDEX SHS FDSs&p china etf	$0	–	-3,775	–	-0.20%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,450	–	-0.20%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-4,000	–	-0.21%	–
NI	Exit	NISOURCE INC	$0	–	-11,600	–	-0.21%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-5,000	–	-0.21%	–
FRSB	Exit	FIRST RESOURCE BANK	$0	–	-38,617	–	-0.22%	–
OKE	Exit	ONEOK INC NEW	$0	–	-4,970	–	-0.22%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-31,635	–	-0.23%	–
EIX	Exit	EDISON INTL	$0	–	-5,000	–	-0.23%	–
WTTR	Exit	SELECT ENERGY SVCS INC	$0	–	-44,310	–	-0.23%	–
VBTX	Exit	VERITEX HLDGS INC	$0	–	-15,890	–	-0.23%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-10,913	–	-0.24%	–
ETY	Exit	EATON VANCE TX MGD DIV EQ IN	$0	–	-33,600	–	-0.24%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,455	–	-0.24%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-7,695	–	-0.24%	–
RXN	Exit	REXNORD CORP NEW	$0	–	-15,680	–	-0.26%	–
GNTY	Exit	GUARANTY BANCSHARES INC TEX	$0	–	-13,911	–	-0.26%	–
BDJ	Exit	BLACKROCK ENHANCED EQT DIV T	$0	–	-46,800	–	-0.26%	–
PPA	Exit	INVESCO EXCHANGE TRADED FD Taerospace defn	$0	–	-6,400	–	-0.26%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN MNGD	$0	–	-18,300	–	-0.26%	–
EQT	Exit	EQT CORP	$0	–	-41,300	–	-0.26%	–
SPFI	Exit	SOUTH PLAINS FINANCIAL INC	$0	–	-27,224	–	-0.27%	–
ESXB	Exit	COMMUNITY BANKERS TR CORP	$0	–	-51,958	–	-0.27%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-295	–	-0.27%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-18,500	–	-0.28%	–
KO	Exit	COCA COLA CO	$0	–	-8,400	–	-0.28%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-16,450	–	-0.28%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GRP IN	$0	–	-7,498	–	-0.28%	–
HBMD	Exit	HOWARD BANCORP INC	$0	–	-28,178	–	-0.28%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-9,509	–	-0.29%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,622	–	-0.29%	–
FBMS	Exit	FIRST BANCSHARES INC MS	$0	–	-15,400	–	-0.30%	–
AMAL	Exit	AMALGAMATED BK NEW YORK N Yclass a	$0	–	-31,194	–	-0.30%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-3,000	–	-0.30%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.31%	–
SJW	Exit	SJW GROUP	$0	–	-7,662	–	-0.32%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-58,000	–	-0.32%	–
DOW	Exit	DOW INC	$0	–	-11,048	–	-0.32%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-4,410	–	-0.33%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-161,000	–	-0.34%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-30,100	–	-0.34%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-3,604	–	-0.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-4,515	–	-0.35%	–
CMI	Exit	CUMMINS INC	$0	–	-3,765	–	-0.37%	–
BCML	Exit	BAYCOM CORP	$0	–	-27,447	–	-0.38%	–
MYFW	Exit	FIRST WESTN FINL INC	$0	–	-36,865	–	-0.38%	–
GLW	Exit	CORNING INC	$0	–	-22,355	–	-0.38%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-20,418	–	-0.39%	–
CFB	Exit	CROSSFIRST BANKSHARES INC	$0	–	-48,060	–	-0.41%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-5,600	–	-0.42%	–
ESQ	Exit	ESQUIRE FINL HLDGS INC	$0	–	-28,894	–	-0.43%	–
VST	Exit	VISTRA ENERGY CORP	$0	–	-28,162	–	-0.45%	–
CBTX	Exit	CBTX INC	$0	–	-27,771	–	-0.47%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-12,850	–	-0.47%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-17,682	–	-0.48%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-19,854	–	-0.48%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-5,853	–	-0.48%	–
HUBB	Exit	HUBBELL INC	$0	–	-6,154	–	-0.49%	–
INTC	Exit	INTEL CORP	$0	–	-15,760	–	-0.49%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-13,000	–	-0.51%	–
CIVB	Exit	CIVISTA BANCSHARES INC	$0	–	-39,426	–	-0.52%	–
RRBI	Exit	RED RIVER BANCSHARES INC	$0	–	-21,365	–	-0.56%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-15,355	–	-0.58%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-11,015	–	-0.61%	–
SLCT	Exit	SELECT BANCORP INC NEW	$0	–	-88,387	–	-0.62%	–
EQBK	Exit	EQUITY BANCSHARES INC	$0	–	-39,235	–	-0.63%	–
BCTF	Exit	BANCORP 34 INC	$0	–	-73,218	–	-0.65%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-17,943	–	-0.65%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-54,104	–	-0.67%	–
BSVN	Exit	BANK7 CORP	$0	–	-64,584	–	-0.73%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,958	–	-0.77%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-6,404	–	-0.80%	–
AM	Exit	ANTERO MIDSTREAM CORP	$0	–	-182,965	–	-0.82%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,500	–	-0.84%	–
PSX	Exit	PHILLIPS 66	$0	–	-14,144	–	-0.87%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-12,323	–	-0.87%	–
MTZ	Exit	MASTEC INC	$0	–	-22,705	–	-0.89%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-17,000	–	-0.92%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,605	–	-0.94%	–
STXB	Exit	SPIRIT OF TEX BANCSHARES INC	$0	–	-73,702	–	-0.96%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-13,519	–	-1.01%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-25,977	–	-1.04%	–
D	Exit	DOMINION ENERGY INC	$0	–	-21,236	–	-1.04%	–
DIS	Exit	DISNEY WALT CO	$0	–	-13,485	–	-1.06%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-64,100	–	-1.10%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-139,720	–	-1.17%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-27,020	–	-1.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-18,756	–	-1.23%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-15,991	–	-1.34%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,864	–	-1.37%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-114,130	–	-1.42%	–
SUN	Exit	SUNOCO LP	$0	–	-88,145	–	-1.67%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,634	–	-1.71%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-17,763	–	-1.81%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-22,953	–	-1.89%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-13,785	–	-1.93%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-27,024	–	-2.02%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-158,585	–	-2.05%	–
HD	Exit	HOME DEPOT INC	$0	–	-14,682	–	-2.05%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-24,130	–	-2.14%	–
MPLX	Exit	MPLX LP	$0	–	-128,545	–	-2.17%	–
AAPL	Exit	APPLE INC	$0	–	-17,146	–	-2.31%	–
ILMN	Exit	ILLUMINA INC	$0	–	-14,496	–	-2.65%	–
TRGP	Exit	TARGA RES CORP	$0	–	-111,008	–	-2.68%	–
BA	Exit	BOEING CO	$0	–	-12,187	–	-2.79%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-87,250	–	-3.31%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-84,183	–	-4.16%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-615,613	–	-4.84%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-354,936	–	-5.14%	–

Q3 2019

			Value		Shares		↓ Weighting
WMB	Buy	WILLIAMS COS INC DEL	$8,540,000	-13.3%	354,936	+1.1%	5.14%	-5.7%
ET	Buy	ENERGY TRANSFER LP	$8,052,000	-6.3%	615,613	+0.9%	4.84%	+1.9%
HXL	Sell	HEXCEL CORP NEW	$6,914,000	-9.3%	84,183	-10.6%	4.16%	-1.3%
LNG	Buy	CHENIERE ENERGY INC	$5,502,000	-7.6%	87,250	+0.3%	3.31%	+0.5%
BA	Buy	BOEING CO	$4,637,000	+12.3%	12,187	+7.4%	2.79%	+22.1%
TRGP	Buy	TARGA RES CORP	$4,459,000	+2.3%	111,008	+0.0%	2.68%	+11.3%
ILMN	Buy	ILLUMINA INC	$4,410,000	-15.2%	14,496	+2.6%	2.65%	-7.8%
AAPL	Buy	APPLE INC	$3,840,000	+13.3%	17,146	+0.1%	2.31%	+23.3%
MPLX	Buy	MPLX LP	$3,601,000	-3.3%	128,545	+11.1%	2.17%	+5.2%
SRE	Buy	SEMPRA ENERGY	$3,562,000	+8.2%	24,130	+0.7%	2.14%	+17.7%
HD	Buy	HOME DEPOT INC	$3,407,000	+11.6%	14,682	+0.0%	2.05%	+21.4%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$3,357,000	+8.2%	27,024	+1.0%	2.02%	+17.6%
NEE	Sell	NEXTERA ENERGY INC	$3,212,000	+5.3%	13,785	-7.4%	1.93%	+14.6%
UTX	Buy	UNITED TECHNOLOGIES CORP	$3,134,000	+14.1%	22,953	+8.8%	1.89%	+24.2%
HON	Buy	HONEYWELL INTL INC	$3,005,000	-2.2%	17,763	+0.9%	1.81%	+6.4%
AMZN	Buy	AMAZON COM INC	$2,836,000	-8.2%	1,634	+0.1%	1.71%	-0.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$2,272,000	+14.7%	1,864	+1.7%	1.37%	+24.7%
MSFT	Buy	MICROSOFT CORP	$2,223,000	+5.3%	15,991	+1.5%	1.34%	+14.6%
MDT	Buy	MEDTRONIC PLC	$2,037,000	+13.9%	18,756	+2.1%	1.23%	+23.8%
NGL	Sell	NGL ENERGY PARTNERS LP	$1,944,000	-6.0%	139,720	-0.2%	1.17%	+2.3%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$1,832,000	-27.6%	64,100	-26.9%	1.10%	-21.3%
DIS	Buy	DISNEY WALT CO	$1,757,000	-5.2%	13,485	+1.5%	1.06%	+3.0%
D	Buy	DOMINION ENERGY INC	$1,721,000	+5.9%	21,236	+1.0%	1.04%	+15.2%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$1,721,000	-6.6%	25,977	-9.7%	1.04%	+1.7%
PG	Buy	PROCTER & GAMBLE CO	$1,681,000	+15.0%	13,519	+1.4%	1.01%	+25.1%
STXB	Buy	SPIRIT OF TEX BANCSHARES INC	$1,588,000	+173.8%	73,702	+185.8%	0.96%	+197.8%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$1,521,000	-11.7%	17,000	-15.0%	0.92%	-4.0%
MTZ	Sell	MASTEC INC	$1,474,000	+20.4%	22,705	-4.4%	0.89%	+31.0%
JPM	Buy	JPMORGAN CHASE & CO	$1,450,000	+7.0%	12,323	+1.7%	0.87%	+16.4%
PSX	Sell	PHILLIPS 66	$1,448,000	+3.6%	14,144	-5.4%	0.87%	+12.7%
AM	Sell	ANTERO MIDSTREAM CORP	$1,354,000	-36.4%	182,965	-1.6%	0.82%	-30.9%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$1,327,000	+7.3%	6,404	+2.0%	0.80%	+16.8%
MCD	Buy	MCDONALDS CORP	$1,279,000	+4.4%	5,958	+1.0%	0.77%	+13.6%
BSVN	Sell	BANK7 CORP	$1,214,000	-3.0%	64,584	-4.6%	0.73%	+5.5%
KMI	Sell	KINDER MORGAN INC DEL	$1,115,000	-65.4%	54,104	-65.0%	0.67%	-62.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,083,000	-0.6%	17,943	-5.9%	0.65%	+8.1%
BCTF	Buy	BANCORP 34 INC	$1,078,000	+18.6%	73,218	+24.5%	0.65%	+29.0%
EQBK	Sell	EQUITY BANCSHARES INC	$1,052,000	-0.1%	39,235	-0.7%	0.63%	+8.6%
SLCT	Sell	SELECT BANCORP INC NEW	$1,025,000	-0.8%	88,387	-2.1%	0.62%	+7.9%
CVS	Sell	CVS HEALTH CORP	$968,000	+15.7%	15,355	-0.0%	0.58%	+25.9%
RRBI	Sell	RED RIVER BANCSHARES INC	$927,000	-11.1%	21,365	-0.7%	0.56%	-3.3%
CIVB	Sell	CIVISTA BANCSHARES INC	$857,000	-29.5%	39,426	-27.2%	0.52%	-23.3%
INTC	Sell	INTEL CORP	$812,000	+7.3%	15,760	-0.3%	0.49%	+16.7%
HUBB	Buy	HUBBELL INC	$809,000	+3.3%	6,154	+2.5%	0.49%	+12.5%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$803,000	+19.3%	5,853	+2.4%	0.48%	+29.8%
WTR	Sell	AQUA AMERICA INC	$793,000	-2.8%	17,682	-10.4%	0.48%	+5.8%
IXJ	Sell	ISHARES TRglob hlthcre etf	$785,000	-5.4%	12,850	-4.5%	0.47%	+2.8%
CBTX	Sell	CBTX INC	$774,000	-2.8%	27,771	-1.9%	0.47%	+5.9%
VST	Buy	VISTRA ENERGY CORP	$753,000	+20.9%	28,162	+2.4%	0.45%	+31.3%
ESQ	Buy	ESQUIRE FINL HLDGS INC	$717,000	+17.3%	28,894	+18.9%	0.43%	+27.5%
CFB	New	CROSSFIRST BANKSHARES INC	$687,000	–	48,060	–	0.41%	–
TBK	Sell	TRIUMPH BANCORP INC	$651,000	+0.5%	20,418	-8.5%	0.39%	+9.2%
GLW	Buy	CORNING INC	$638,000	-3.8%	22,355	+12.1%	0.38%	+4.6%
MYFW	Buy	FIRST WESTN FINL INC	$630,000	+38.2%	36,865	+7.3%	0.38%	+50.4%
BCML	Sell	BAYCOM CORP	$623,000	+3.0%	27,447	-0.6%	0.38%	+11.9%
CMI	Buy	CUMMINS INC	$612,000	-3.5%	3,765	+1.8%	0.37%	+4.8%
KTOS	Sell	KRATOS DEFENSE & SEC SOLUTIO	$560,000	-47.8%	30,100	-35.8%	0.34%	-43.2%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$548,000	-9.6%	4,410	+2.1%	0.33%	-1.5%
DOW	Sell	DOW INC	$526,000	-43.6%	11,048	-41.5%	0.32%	-38.6%
SJW	Buy	SJW GROUP	$523,000	+160.2%	7,662	+131.1%	0.32%	+183.8%
AMAL	Sell	AMALGAMATED BK NEW YORK N Yclass a	$500,000	-8.8%	31,194	-0.7%	0.30%	-0.7%
FBMS	Sell	FIRST BANCSHARES INC MS	$497,000	+5.5%	15,400	-0.8%	0.30%	+14.6%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$481,000	+13.4%	1,622	+12.1%	0.29%	+23.0%
WFC	Sell	WELLS FARGO CO NEW	$480,000	-23.3%	9,509	-28.1%	0.29%	-16.5%
HBMD	Sell	HOWARD BANCORP INC	$470,000	+7.8%	28,178	-1.9%	0.28%	+17.4%
BBN	Buy	BLACKROCK TAX MUNICPAL BD TR	$457,000	+10.1%	18,500	+5.7%	0.28%	+19.6%
KO	Sell	COCA COLA CO	$457,000	-1.9%	8,400	-8.3%	0.28%	+6.6%
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$449,000	–	295	–	0.27%	–
ESXB	Sell	COMMUNITY BANKERS TR CORP	$447,000	+0.9%	51,958	-0.6%	0.27%	+9.8%
SPFI	Sell	SOUTH PLAINS FINANCIAL INC	$444,000	-2.8%	27,224	-1.8%	0.27%	+5.5%
EQT	Sell	EQT CORP	$439,000	-33.6%	41,300	-1.2%	0.26%	-27.9%
GBAB	Buy	GUGGENHEIM TAXABLE MUN MNGD	$437,000	+27.4%	18,300	+28.0%	0.26%	+38.4%
PPA	Sell	INVESCO EXCHANGE TRADED FD Taerospace defn	$433,000	-7.5%	6,400	-11.1%	0.26%	+0.8%
BDJ	Buy	BLACKROCK ENHANCED EQT DIV T	$430,000	+80.7%	46,800	+74.6%	0.26%	+96.2%
GNTY	Sell	GUARANTY BANCSHARES INC TEX	$426,000	-17.8%	13,911	-16.3%	0.26%	-10.8%
RXN	Buy	REXNORD CORP NEW	$424,000	-7.4%	15,680	+3.6%	0.26%	+0.8%
NEP	Buy	NEXTERA ENERGY PARTNERS LP	$407,000	+19.7%	7,695	+9.3%	0.24%	+30.3%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$402,000	-2.0%	4,455	+0.7%	0.24%	+6.6%
ETY	Buy	EATON VANCE TX MGD DIV EQ IN	$400,000	+41.3%	33,600	+42.1%	0.24%	+53.5%
FBNC	Sell	FIRST BANCORP N C	$392,000	-2.0%	10,913	-0.7%	0.24%	+6.8%
VBTX	New	VERITEX HLDGS INC	$386,000	–	15,890	–	0.23%	–
WTTR	Buy	SELECT ENERGY SVCS INC	$384,000	+44.4%	44,310	+93.3%	0.23%	+57.1%
GWRS	Buy	GLOBAL WTR RES INC	$375,000	+17.6%	31,635	+3.7%	0.23%	+28.4%
OKE	Sell	ONEOK INC NEW	$366,000	+4.9%	4,970	-2.0%	0.22%	+14.0%
FRSB	New	FIRST RESOURCE BANK	$357,000	–	38,617	–	0.22%	–
GXC	Sell	SPDR INDEX SHS FDSs&p china etf	$341,000	-6.1%	3,775	-0.7%	0.20%	+2.0%
GE	Sell	GENERAL ELECTRIC CO	$330,000	-17.7%	36,900	-3.4%	0.20%	-10.4%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$330,000	+18.3%	4,093	+14.5%	0.20%	+29.2%
AOS	Sell	SMITH A O CORP	$329,000	-16.9%	6,889	-17.8%	0.20%	-9.6%
OBNK	New	ORIGIN BANCORP INC	$327,000	–	9,680	–	0.20%	–
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$307,000	-8.9%	3,950	-9.2%	0.18%	-0.5%
XYL	Sell	XYLEM INC	$300,000	-54.3%	3,773	-51.9%	0.18%	-50.3%
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$299,000	–	5,000	–	0.18%	–
FRTA	Sell	FORTERRA INC	$288,000	+42.6%	39,892	-2.1%	0.17%	+54.5%
AEE	New	AMEREN CORP	$288,000	–	3,600	–	0.17%	–
XOM	Sell	EXXON MOBIL CORP	$270,000	-9.4%	3,825	-1.5%	0.16%	-1.8%
WTRU	Sell	AQUA AMERICA INCunit 04/30/2022	$269,000	-61.5%	4,444	-63.7%	0.16%	-58.0%
USA	Buy	LIBERTY ALL STAR EQUITY FDsh ben int	$256,000	+13.8%	40,000	+14.3%	0.15%	+24.2%
CTVA	Sell	CORTEVA INC	$236,000	-24.8%	8,422	-20.7%	0.14%	-18.4%
BKR	New	BAKER HUGHES A GE COcl a	$232,000	–	10,000	–	0.14%	–
MAS	Sell	MASCO CORP	$230,000	-33.5%	5,514	-37.5%	0.14%	-27.7%
IBM	New	INTERNATIONAL BUSINESS MACHS	$221,000	–	1,518	–	0.13%	–
FSBC	Sell	FSB BANCORP INC	$217,000	-5.7%	12,668	-0.9%	0.13%	+3.1%
PSXP	New	PHILLIPS 66 PARTNERS LP	$202,000	–	3,575	–	0.12%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$203,000	–	2,500	–	0.12%	–
MWA	Buy	MUELLER WTR PRODS INC	$179,000	+22.6%	15,893	+6.7%	0.11%	+33.3%
ENLC	Sell	ENLINK MIDSTREAM LLC	$149,000	-20.3%	17,500	-5.4%	0.09%	-12.6%
LBC	Sell	LUTHER BURBANK CORP	$114,000	+3.6%	10,044	-0.7%	0.07%	+13.1%
VRML	New	VERMILLION INC	$16,000	–	30,000	–	0.01%	–
CCIHY	Exit	CHINACACHE INTL HLDG LTDsponsored adr	$0	–	-115,083	–	0.00%	–
SFUN	Exit	FANG HLDGS LTDadr	$0	–	-10,000	–	-0.00%	–
SNMP	Exit	SANCHEZ MIDSTREAM PARTNERS L	$0	–	-29,960	–	-0.04%	–
CSCO	Exit	CISCO SYS INC	$0	–	-3,900	–	-0.12%	–
PCSB	Exit	PCSB FINL CORP	$0	–	-11,360	–	-0.13%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-5,200	–	-0.13%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-6,223	–	-0.14%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-21,947	–	-0.15%	–
CXO	Exit	CONCHO RES INC	$0	–	-2,700	–	-0.15%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-6,000	–	-0.17%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-26,550	–	-0.18%	–
ACBI	Exit	ATLANTIC CAP BANCSHARES INC	$0	–	-21,517	–	-0.20%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP I	$0	–	-43,690	–	-0.21%	–
UBNK	Exit	UNITED FINL BANCORP INC NEW	$0	–	-27,112	–	-0.21%	–
ANDX	Exit	ANDEAVOR LOGISTICS LP	$0	–	-11,900	–	-0.24%	–
ETRN	Exit	EQUITRANS MIDSTREAM CORPORAT	$0	–	-27,848	–	-0.30%	–
MDRIQ	Exit	MCDERMOTT INTL INC	$0	–	-60,347	–	-0.32%	–
AMID	Exit	AMERICAN MIDSTREAM PARTNERS	$0	–	-123,615	–	-0.35%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-40,400	–	-0.51%	–
HAL	Exit	HALLIBURTON CO	$0	–	-48,310	–	-0.61%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-17,000	–	-0.66%	–
WES	Exit	WESTERN MIDSTREAM PARTNERS L	$0	–	-102,599	–	-1.75%	–

Q2 2019

			Value		Shares		↓ Weighting
WMB	New	WILLIAMS COS INC DEL	$9,847,000	–	351,166	–	5.45%	–
ET	New	ENERGY TRANSFER LP	$8,591,000	–	610,141	–	4.75%	–
HXL	New	HEXCEL CORP NEW	$7,620,000	–	94,213	–	4.22%	–
LNG	New	CHENIERE ENERGY INC	$5,953,000	–	86,970	–	3.29%	–
ILMN	New	ILLUMINA INC	$5,202,000	–	14,129	–	2.88%	–
TRGP	New	TARGA RES CORP	$4,357,000	–	110,988	–	2.41%	–
BA	New	BOEING CO	$4,129,000	–	11,344	–	2.28%	–
MPLX	New	MPLX LP	$3,724,000	–	115,687	–	2.06%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$3,473,000	–	158,585	–	1.92%	–
AAPL	New	APPLE INC	$3,389,000	–	17,121	–	1.88%	–
SRE	New	SEMPRA ENERGY	$3,293,000	–	23,960	–	1.82%	–
KMI	New	KINDER MORGAN INC DEL	$3,225,000	–	154,440	–	1.78%	–
WES	New	WESTERN MIDSTREAM PARTNERS L	$3,157,000	–	102,599	–	1.75%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$3,103,000	–	26,747	–	1.72%	–
AMZN	New	AMAZON COM INC	$3,090,000	–	1,632	–	1.71%	–
HON	New	HONEYWELL INTL INC	$3,073,000	–	17,603	–	1.70%	–
HD	New	HOME DEPOT INC	$3,052,000	–	14,677	–	1.69%	–
NEE	New	NEXTERA ENERGY INC	$3,049,000	–	14,885	–	1.69%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,779,000	–	114,130	–	1.54%	–
SUN	New	SUNOCO LP	$2,757,000	–	88,145	–	1.52%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,746,000	–	21,093	–	1.52%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$2,532,000	–	87,700	–	1.40%	–
AM	New	ANTERO MIDSTREAM CORP	$2,130,000	–	185,870	–	1.18%	–
MSFT	New	MICROSOFT CORP	$2,111,000	–	15,761	–	1.17%	–
NGL	New	NGL ENERGY PARTNERS LP	$2,067,000	–	139,935	–	1.14%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,981,000	–	1,833	–	1.10%	–
CL	New	COLGATE PALMOLIVE CO	$1,937,000	–	27,020	–	1.07%	–
DIS	New	DISNEY WALT CO	$1,854,000	–	13,280	–	1.03%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$1,842,000	–	28,777	–	1.02%	–
MDT	New	MEDTRONIC PLC	$1,789,000	–	18,366	–	0.99%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$1,723,000	–	20,000	–	0.95%	–
D	New	DOMINION ENERGY INC	$1,625,000	–	21,021	–	0.90%	–
ABT	New	ABBOTT LABS	$1,565,000	–	18,605	–	0.87%	–
PG	New	PROCTER AND GAMBLE CO	$1,462,000	–	13,334	–	0.81%	–
PSX	New	PHILLIPS 66	$1,398,000	–	14,944	–	0.77%	–
JPM	New	JPMORGAN CHASE & CO	$1,355,000	–	12,117	–	0.75%	–
ABBV	New	ABBVIE INC	$1,345,000	–	18,500	–	0.74%	–
BSVN	New	BANK7 CORP	$1,252,000	–	67,715	–	0.69%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$1,237,000	–	6,279	–	0.68%	–
MCD	New	MCDONALDS CORP	$1,225,000	–	5,898	–	0.68%	–
MTZ	New	MASTEC INC	$1,224,000	–	23,745	–	0.68%	–
CIVB	New	CIVISTA BANCSHARES INC	$1,216,000	–	54,144	–	0.67%	–
PUMP	New	PROPETRO HLDG CORP	$1,201,000	–	58,000	–	0.66%	–
APC	New	ANADARKO PETE CORP	$1,200,000	–	17,000	–	0.66%	–
HAL	New	HALLIBURTON CO	$1,099,000	–	48,310	–	0.61%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,090,000	–	19,077	–	0.60%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$1,072,000	–	46,850	–	0.59%	–
EQBK	New	EQUITY BANCSHARES INC	$1,053,000	–	39,510	–	0.58%	–
RRBI	New	RED RIVER BANCSHARES INC	$1,043,000	–	21,520	–	0.58%	–
SLCT	New	SELECT BANCORP INC NEW	$1,033,000	–	90,302	–	0.57%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$947,000	–	11,015	–	0.52%	–
DOW	New	DOW INC	$932,000	–	18,901	–	0.52%	–
COG	New	CABOT OIL & GAS CORP	$928,000	–	40,400	–	0.51%	–
OASPQ	New	OASIS PETE INC NEW	$914,000	–	161,000	–	0.51%	–
BCTF	New	BANCORP 34 INC	$909,000	–	58,812	–	0.50%	–
WLK	New	WESTLAKE CHEM CORP	$903,000	–	13,000	–	0.50%	–
PXD	New	PIONEER NAT RES CO	$862,000	–	5,600	–	0.48%	–
CVS	New	CVS HEALTH CORP	$837,000	–	15,360	–	0.46%	–
IXJ	New	ISHARES TRglob hlthcre etf	$830,000	–	13,450	–	0.46%	–
WTR	New	AQUA AMERICA INC	$816,000	–	19,726	–	0.45%	–
CBTX	New	CBTX INC	$796,000	–	28,303	–	0.44%	–
HUBB	New	HUBBELL INC	$783,000	–	6,004	–	0.43%	–
ABCB	New	AMERIS BANCORP	$778,000	–	19,854	–	0.43%	–
INTC	New	INTEL CORP	$757,000	–	15,810	–	0.42%	–
WTRU	New	AQUA AMERICA INCunit 04/30/2022	$698,000	–	12,250	–	0.39%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$673,000	–	5,718	–	0.37%	–
GLW	New	CORNING INC	$663,000	–	19,945	–	0.37%	–
EQT	New	EQT CORP	$661,000	–	41,800	–	0.37%	–
XYL	New	XYLEM INC	$657,000	–	7,852	–	0.36%	–
TBK	New	TRIUMPH BANCORP INC	$648,000	–	22,317	–	0.36%	–
AMID	New	AMERICAN MIDSTREAM PARTNERS	$639,000	–	123,615	–	0.35%	–
CMI	New	CUMMINS INC	$634,000	–	3,700	–	0.35%	–
JNJ	New	JOHNSON & JOHNSON	$629,000	–	4,515	–	0.35%	–
WFC	New	WELLS FARGO CO NEW	$626,000	–	13,234	–	0.35%	–
VST	New	VISTRA ENERGY CORP	$623,000	–	27,500	–	0.34%	–
ESQ	New	ESQUIRE FINL HLDGS INC	$611,000	–	24,309	–	0.34%	–
UNP	New	UNION PACIFIC CORP	$609,000	–	3,604	–	0.34%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$606,000	–	4,320	–	0.34%	–
BCML	New	BAYCOM CORP	$605,000	–	27,622	–	0.34%	–
MDRIQ	New	MCDERMOTT INTL INC	$583,000	–	60,347	–	0.32%	–
STXB	New	SPIRIT OF TEX BANCSHARES INC	$580,000	–	25,785	–	0.32%	–
OLED	New	UNIVERSAL DISPLAY CORP	$564,000	–	3,000	–	0.31%	–
ETRN	New	EQUITRANS MIDSTREAM CORPORAT	$549,000	–	27,848	–	0.30%	–
AMAL	New	AMALGAMATED BK NEW YORK N Yclass a	$548,000	–	31,404	–	0.30%	–
GNTY	New	GUARANTY BANCSHARES INC TEX	$518,000	–	16,628	–	0.29%	–
PRI	New	PRIMERICA INC	$480,000	–	4,000	–	0.27%	–
FBMS	New	FIRST BANCSHARES INC MS	$471,000	–	15,519	–	0.26%	–
PPA	New	INVESCO EXCHANGE TRADED FD Taerospace defn	$468,000	–	7,200	–	0.26%	–
KO	New	COCA COLA CO	$466,000	–	9,160	–	0.26%	–
RXN	New	REXNORD CORP NEW	$458,000	–	15,140	–	0.25%	–
SPFI	New	SOUTH PLAINS FINANCIAL INC	$457,000	–	27,719	–	0.25%	–
MYFW	New	FIRST WESTN FINL INC	$456,000	–	34,355	–	0.25%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$454,000	–	16,450	–	0.25%	–
ESXB	New	COMMUNITY BANKERS TR CORP	$443,000	–	52,268	–	0.24%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$441,000	–	7,498	–	0.24%	–
HBMD	New	HOWARD BANCORP INC	$436,000	–	28,736	–	0.24%	–
ANDX	New	ANDEAVOR LOGISTICS LP	$432,000	–	11,900	–	0.24%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$424,000	–	1,447	–	0.24%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$415,000	–	17,500	–	0.23%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$410,000	–	4,422	–	0.23%	–
GE	New	GENERAL ELECTRIC CO	$401,000	–	38,200	–	0.22%	–
FBNC	New	FIRST BANCORP N C	$400,000	–	10,988	–	0.22%	–
AOS	New	SMITH A O CORP	$396,000	–	8,382	–	0.22%	–
UBNK	New	UNITED FINL BANCORP INC NEW	$384,000	–	27,112	–	0.21%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$377,000	–	43,690	–	0.21%	–
ACBI	New	ATLANTIC CAP BANCSHARES INC	$368,000	–	21,517	–	0.20%	–
GXC	New	SPDR INDEX SHS FDSs&p china etf	$363,000	–	3,800	–	0.20%	–
OKE	New	ONEOK INC NEW	$349,000	–	5,070	–	0.19%	–
MAS	New	MASCO CORP	$346,000	–	8,823	–	0.19%	–
GBAB	New	GUGGENHEIM TAXABLE MUN MNGD	$343,000	–	14,300	–	0.19%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$340,000	–	7,040	–	0.19%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$340,000	–	8,000	–	0.19%	–
EIX	New	EDISON INTL	$337,000	–	5,000	–	0.19%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$337,000	–	4,350	–	0.19%	–
NI	New	NISOURCE INC	$334,000	–	11,600	–	0.18%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$331,000	–	5,000	–	0.18%	–
GLD	New	SPDR GOLD TRUST	$326,000	–	2,450	–	0.18%	–
PTEN	New	PATTERSON UTI ENERGY INC	$322,000	–	28,000	–	0.18%	–
SEMG	New	SEMGROUP CORPcl a	$319,000	–	26,550	–	0.18%	–
GWRS	New	GLOBAL WTR RES INC	$319,000	–	30,509	–	0.18%	–
CLB	New	CORE LABORATORIES N V	$314,000	–	6,000	–	0.17%	–
CTVA	New	CORTEVA INC	$314,000	–	10,618	–	0.17%	–
AMD	New	ADVANCED MICRO DEVICES INC	$304,000	–	10,000	–	0.17%	–
ES	New	EVERSOURCE ENERGY	$303,000	–	4,000	–	0.17%	–
XOM	New	EXXON MOBIL CORP	$298,000	–	3,885	–	0.16%	–
ETY	New	EATON VANCE TX MGD DIV EQ IN	$283,000	–	23,644	–	0.16%	–
CXO	New	CONCHO RES INC	$279,000	–	2,700	–	0.15%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$279,000	–	3,575	–	0.15%	–
VAR	New	VARIAN MED SYS INC	$272,000	–	2,000	–	0.15%	–
NSC	New	NORFOLK SOUTHERN CORP	$269,000	–	1,350	–	0.15%	–
PBFX	New	PBF LOGISTICS LPunit ltd ptnr	$268,000	–	12,670	–	0.15%	–
TCP	New	TC PIPELINES LP	$268,000	–	7,125	–	0.15%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$267,000	–	21,947	–	0.15%	–
WTTR	New	SELECT ENERGY SVCS INC	$266,000	–	22,923	–	0.15%	–
MMM	New	3M CO	$260,000	–	1,500	–	0.14%	–
SAP	New	SAP SEspon adr	$260,000	–	1,900	–	0.14%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$246,000	–	6,223	–	0.14%	–
LMT	New	LOCKHEED MARTIN CORP	$245,000	–	675	–	0.14%	–
BDJ	New	BLACKROCK ENHANCED EQT DIV T	$238,000	–	26,800	–	0.13%	–
BX	New	BLACKSTONE GROUP L P	$231,000	–	5,200	–	0.13%	–
FSBC	New	FSB BANCORP INC	$230,000	–	12,783	–	0.13%	–
PCSB	New	PCSB FINL CORP	$230,000	–	11,360	–	0.13%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$228,000	–	14,100	–	0.13%	–
ADI	New	ANALOG DEVICES INC	$226,000	–	2,000	–	0.12%	–
USA	New	LIBERTY ALL STAR EQUITY FDsh ben int	$225,000	–	35,000	–	0.12%	–
CAKE	New	CHEESECAKE FACTORY INC	$221,000	–	5,062	–	0.12%	–
CSCO	New	CISCO SYS INC	$213,000	–	3,900	–	0.12%	–
ASML	New	ASML HOLDING N V	$213,000	–	1,024	–	0.12%	–
CVX	New	CHEVRON CORP NEW	$212,000	–	1,700	–	0.12%	–
IMAX	New	IMAX CORP	$212,000	–	10,500	–	0.12%	–
FRTA	New	FORTERRA INC	$202,000	–	40,727	–	0.11%	–
SJW	New	SJW GROUP	$201,000	–	3,315	–	0.11%	–
ENLC	New	ENLINK MIDSTREAM LLC	$187,000	–	18,500	–	0.10%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$150,000	–	10,000	–	0.08%	–
MWA	New	MUELLER WTR PRODS INC	$146,000	–	14,893	–	0.08%	–
LBC	New	LUTHER BURBANK CORP	$110,000	–	10,114	–	0.06%	–
SNMP	New	SANCHEZ MIDSTREAM PARTNERS L	$67,000	–	29,960	–	0.04%	–
ANTE	New	AIRNET TECHNOLOGY INCsponsored adr	$34,000	–	20,000	–	0.02%	–
AWSM	New	COOL HLDGS INC	$16,000	–	10,000	–	0.01%	–
ABILF	New	ABILITY INC	$15,000	–	16,000	–	0.01%	–
SFUN	New	FANG HLDGS LTDadr	$6,000	–	10,000	–	0.00%	–
CCIHY	New	CHINACACHE INTL HLDG LTDsponsored adr	$0	–	115,083	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
SFUN	Exit	FANG HLDGS LTDadr	$0	–	-10,000	–	-0.01%	–
ABILF	Exit	ABILITY INC	$0	–	-16,000	–	-0.03%	–
CCIHY	Exit	CHINACACHE INTL HLDG LTDsponsored adr	$0	–	-115,083	–	-0.07%	–
FNB	Exit	FNB CORP PA	$0	–	-14,494	–	-0.10%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,500	–	-0.10%	–
PNR	Exit	PENTAIR PLC	$0	–	-4,817	–	-0.11%	–
ARTNA	Exit	ARTESIAN RESOURCES CORPcl a	$0	–	-5,642	–	-0.11%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-2,126	–	-0.11%	–
AWR	Exit	AMERICAN STS WTR CO	$0	–	-3,434	–	-0.11%	–
BFST	Exit	BUSINESS FIRST BANCSHARES IN	$0	–	-8,077	–	-0.11%	–
WUBA	Exit	58 COM INCspon adr rep a	$0	–	-3,000	–	-0.12%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-2,000	–	-0.12%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-792	–	-0.12%	–
MELR	Exit	MELROSE BANCORP INC	$0	–	-11,756	–	-0.12%	–
PCSB	Exit	PCSB FINL CORP	$0	–	-11,360	–	-0.12%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-4,560	–	-0.12%	–
SAP	Exit	SAP SEspon adr	$0	–	-1,900	–	-0.12%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,350	–	-0.13%	–
SBS	Exit	COMPANHIA DE SANEAMENTO BASIsponsored adr	$0	–	-41,394	–	-0.13%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-4,000	–	-0.13%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-5,000	–	-0.13%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-5,900	–	-0.14%	–
TCP	Exit	TC PIPELINES LP	$0	–	-8,700	–	-0.14%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,400	–	-0.14%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-5,062	–	-0.14%	–
IMAX	Exit	IMAX CORP	$0	–	-10,500	–	-0.14%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,450	–	-0.14%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-14,100	–	-0.15%	–
NI	Exit	NISOURCE INC	$0	–	-11,600	–	-0.15%	–
PBFX	Exit	PBF LOGISTICS LPunit ltd ptnr	$0	–	-13,680	–	-0.16%	–
FSBC	Exit	FSB BANCORP INC	$0	–	-17,177	–	-0.16%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-18,500	–	-0.16%	–
SONA	Exit	SOUTHERN NATL BANCORP OF VA	$0	–	-18,867	–	-0.16%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-10,000	–	-0.16%	–
MMM	Exit	3M CO	$0	–	-1,500	–	-0.17%	–
MFNC	Exit	MACKINAC FINL CORP	$0	–	-20,153	–	-0.17%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-31,709	–	-0.18%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-8,000	–	-0.18%	–
SJW	Exit	SJW GROUP	$0	–	-5,666	–	-0.18%	–
KO	Exit	COCA COLA CO	$0	–	-7,635	–	-0.19%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-3,000	–	-0.19%	–
FBMS	Exit	FIRST BANCSHARES INC MS	$0	–	-9,090	–	-0.19%	–
SNMP	Exit	SANCHEZ MIDSTREAM PARTNERS L	$0	–	-52,240	–	-0.20%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-6,050	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,875	–	-0.21%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,370	–	-0.22%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP I	$0	–	-43,690	–	-0.23%	–
SM	Exit	SM ENERGY CO	$0	–	-14,000	–	-0.23%	–
AOS	Exit	SMITH A O	$0	–	-8,562	–	-0.24%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-6,290	–	-0.25%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.25%	–
HESM	Exit	HESS MIDSTREAM PARTNERS LPunit ltd pr int	$0	–	-21,400	–	-0.26%	–
BSVN	Exit	BANK7 CORP	$0	–	-25,527	–	-0.26%	–
STXB	Exit	SPIRIT OF TEX BANCSHARES INC	$0	–	-23,339	–	-0.27%	–
ACBI	Exit	ATLANTIC CAP BANCSHARES INC	$0	–	-31,672	–	-0.28%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-10,320	–	-0.29%	–
FFWM	Exit	FIRST FNDTN INC	$0	–	-35,309	–	-0.29%	–
AMAL	Exit	AMALGAMATED BK NEW YORK N Yclass a	$0	–	-29,503	–	-0.30%	–
ISTR	Exit	INVESTAR HLDG CORP	$0	–	-22,259	–	-0.32%	–
UBNK	Exit	UNITED FINL BANCORP INC NEW	$0	–	-36,344	–	-0.32%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-4,640	–	-0.32%	–
CMI	Exit	CUMMINS INC	$0	–	-4,335	–	-0.33%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-16,064	–	-0.34%	–
DCP	Exit	DCP MIDSTREAM LP	$0	–	-16,813	–	-0.35%	–
GNTY	Exit	GUARANTY BANCSHARES INC TEX	$0	–	-22,168	–	-0.35%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-20,160	–	-0.39%	–
MSL	Exit	MIDSOUTH BANCORP INC	$0	–	-48,744	–	-0.40%	–
INTC	Exit	INTEL CORP	$0	–	-15,890	–	-0.40%	–
FCCO	Exit	FIRST CMNTY CORP S C	$0	–	-31,855	–	-0.41%	–
RES	Exit	RPC INC	$0	–	-50,750	–	-0.41%	–
XYL	Exit	XYLEM INC	$0	–	-10,154	–	-0.43%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-15,595	–	-0.43%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-4,135	–	-0.47%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-6,808	–	-0.47%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-40,900	–	-0.48%	–
ANDX	Exit	ANDEAVOR LOGISTICS LP	$0	–	-19,455	–	-0.50%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-11,755	–	-0.52%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,913	–	-0.52%	–
BCML	Exit	BAYCOM CORP	$0	–	-37,113	–	-0.52%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-61,000	–	-0.53%	–
ESQ	Exit	ESQUIRE FINL HLDGS INC	$0	–	-40,701	–	-0.54%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-6,100	–	-0.56%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-48,407	–	-0.57%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-13,000	–	-0.57%	–
MTZ	Exit	MASTEC INC	$0	–	-24,500	–	-0.58%	–
HBMD	Exit	HOWARD BANCORP INC	$0	–	-62,883	–	-0.59%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-24,658	–	-0.59%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-14,440	–	-0.60%	–
OKE	Exit	ONEOK INC NEW	$0	–	-16,841	–	-0.60%	–
PBBI	Exit	PB BANCORP INC	$0	–	-97,677	–	-0.60%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-10,100	–	-0.62%	–
ESXB	Exit	COMMUNITY BANKERS TR CORP	$0	–	-136,174	–	-0.63%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-19,997	–	-0.64%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,952	–	-0.66%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-11,245	–	-0.67%	–
BCTF	Exit	BANCORP 34 INC	$0	–	-78,575	–	-0.68%	–
CBTX	Exit	CBTX INC	$0	–	-37,265	–	-0.70%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,405	–	-0.71%	–
HUBB	Exit	HUBBELL INC	$0	–	-10,326	–	-0.73%	–
AMID	Exit	AMERICAN MIDSTREAM PARTNERS	$0	–	-221,845	–	-0.74%	–
SLCT	Exit	SELECT BANCORP INC NEW	$0	–	-119,619	–	-0.78%	–
SMLP	Exit	SUMMIT MIDSTREAM PARTNERS LP	$0	–	-103,670	–	-0.78%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-22,300	–	-0.79%	–
DIS	Exit	DISNEY WALT CO	$0	–	-13,080	–	-0.81%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-11,139	–	-0.82%	–
EQT	Exit	EQT CORP	$0	–	-35,310	–	-0.82%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-121,000	–	-0.90%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,500	–	-0.92%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-18,000	–	-0.97%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-64,395	–	-0.98%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-48,587	–	-0.98%	–
D	Exit	DOMINION ENERGY INC	$0	–	-26,805	–	-0.99%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-19,325	–	-1.00%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-28,620	–	-1.01%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,683	–	-1.06%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-30,876	–	-1.10%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-70,245	–	-1.11%	–
CIVB	Exit	CIVISTA BANCSHARES INC	$0	–	-89,404	–	-1.14%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-139,071	–	-1.30%	–
SUN	Exit	SUNOCO LP	$0	–	-88,400	–	-1.38%	–
HAL	Exit	HALLIBURTON CO	$0	–	-64,782	–	-1.38%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-240,515	–	-1.47%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-25,425	–	-1.52%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-116,810	–	-1.54%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-18,505	–	-1.63%	–
HD	Exit	HOME DEPOT INC	$0	–	-15,135	–	-1.65%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-18,860	–	-1.65%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-145,630	–	-1.69%	–
PSX	Exit	PHILLIPS 66	$0	–	-28,592	–	-1.70%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-36,852	–	-1.71%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,636	–	-1.73%	–
BA	Exit	BOEING CO	$0	–	-9,067	–	-1.78%	–
MPLX	Exit	MPLX LP	$0	–	-98,630	–	-1.80%	–
AAPL	Exit	APPLE INC	$0	–	-15,825	–	-1.88%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-56,375	–	-1.91%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-152,815	–	-1.91%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-72,880	–	-2.67%	–
ILMN	Exit	ILLUMINA INC	$0	–	-14,143	–	-2.74%	–
TRGP	Exit	TARGA RES CORP	$0	–	-109,407	–	-3.25%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-100,941	–	-3.56%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-493,013	–	-4.53%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-370,373	–	-5.30%	–

Q3 2018

			Value		Shares		↓ Weighting
WMB	Buy	WILLIAMS COS INC DEL	$10,070,000	+11.1%	370,373	+10.8%	5.30%	+8.9%
ET	Sell	ENERGY TRANSFER EQUITY L P	$8,593,000	+1.0%	493,013	-0.1%	4.53%	-1.0%
HXL	Buy	HEXCEL CORP NEW	$6,768,000	+1.4%	100,941	+0.4%	3.56%	-0.6%
TRGP	Sell	TARGA RES CORP	$6,161,000	+13.5%	109,407	-0.2%	3.25%	+11.3%
ILMN	Sell	ILLUMINA INC	$5,191,000	+27.8%	14,143	-2.7%	2.74%	+25.3%
GEL	Sell	GENESIS ENERGY L Punit ltd partn	$3,634,000	+8.3%	152,815	-0.2%	1.91%	+6.2%
DWDP	Buy	DOWDUPONT INC	$3,625,000	-2.3%	56,375	+0.2%	1.91%	-4.2%
AAPL	Sell	APPLE INC	$3,572,000	+21.5%	15,825	-0.4%	1.88%	+19.1%
MPLX	Sell	MPLX LP	$3,420,000	+1.2%	98,630	-0.4%	1.80%	-0.8%
BA	Sell	BOEING CO	$3,372,000	+9.9%	9,067	-0.9%	1.78%	+7.7%
AMZN	Sell	AMAZON COM INC	$3,277,000	+10.7%	1,636	-6.0%	1.73%	+8.6%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$3,242,000	-1.8%	36,852	-4.7%	1.71%	-3.7%
PSX	Buy	PHILLIPS 66	$3,223,000	+0.7%	28,592	+0.3%	1.70%	-1.3%
SEMG	Sell	SEMGROUP CORPcl a	$3,211,000	-13.3%	145,630	-0.1%	1.69%	-15.0%
HON	Buy	HONEYWELL INTL INC	$3,138,000	+15.8%	18,860	+0.3%	1.65%	+13.5%
HD	Sell	HOME DEPOT INC	$3,135,000	+2.8%	15,135	-3.2%	1.65%	+0.8%
PAA	Sell	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,921,000	+5.3%	116,810	-0.5%	1.54%	+3.2%
SRE	Buy	SEMPRA ENERGY	$2,892,000	-1.6%	25,425	+0.4%	1.52%	-3.5%
NGL	Sell	NGL ENERGY PARTNERS LP	$2,790,000	-7.5%	240,515	-0.3%	1.47%	-9.3%
HAL	Buy	HALLIBURTON CO	$2,626,000	-9.4%	64,782	+0.7%	1.38%	-11.2%
SUN	Sell	SUNOCO LP	$2,612,000	-27.8%	88,400	-39.0%	1.38%	-29.2%
KMI	Buy	KINDER MORGAN INC DEL	$2,466,000	+459.2%	139,071	+457.6%	1.30%	+448.1%
CIVB	Buy	CIVISTA BANCSHARES INC	$2,154,000	+141.5%	89,404	+142.9%	1.14%	+137.0%
WGP	Sell	WESTERN GAS EQUITY PARTNERS	$2,103,000	-17.0%	70,245	-0.9%	1.11%	-18.6%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$2,091,000	-2.6%	30,876	-0.6%	1.10%	-4.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$2,009,000	+8.0%	1,683	+0.9%	1.06%	+5.8%
MDT	Buy	MEDTRONIC PLC	$1,901,000	+15.1%	19,325	+0.2%	1.00%	+12.7%
D	Buy	DOMINION ENERGY INC	$1,884,000	+3.4%	26,805	+0.3%	0.99%	+1.4%
TBK	Sell	TRIUMPH BANCORP INC	$1,856,000	-37.1%	48,587	-32.9%	0.98%	-38.3%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$1,850,000	+2.9%	64,395	-0.8%	0.98%	+0.9%
UTX	Buy	UNITED TECHNOLOGIES CORP	$1,557,000	+12.2%	11,139	+0.4%	0.82%	+9.9%
DIS	Buy	DISNEY WALT CO	$1,530,000	+12.1%	13,080	+0.5%	0.81%	+9.8%
SLCT	Buy	SELECT BANCORP INC NEW	$1,483,000	+128.2%	119,619	+147.7%	0.78%	+123.8%
SMLP	Sell	SUMMIT MIDSTREAM PARTNERS LP	$1,482,000	-7.8%	103,670	-0.6%	0.78%	-9.6%
AMID	Sell	AMERICAN MIDSTREAM PARTNERS	$1,409,000	-37.8%	221,845	-0.1%	0.74%	-39.0%
HUBB	Buy	HUBBELL INC	$1,379,000	+185.5%	10,326	+125.9%	0.73%	+179.2%
CBTX	Sell	CBTX INC	$1,324,000	+7.3%	37,265	-0.2%	0.70%	+5.1%
BCTF	Sell	BANCORP 34 INC	$1,289,000	+8.9%	78,575	-0.1%	0.68%	+6.8%
JPM	Sell	JPMORGAN CHASE & CO	$1,269,000	+8.1%	11,245	-0.2%	0.67%	+6.0%
MSFT	Buy	MICROSOFT CORP	$1,253,000	+16.8%	10,952	+0.7%	0.66%	+14.4%
SLB	Buy	SCHLUMBERGER LTD	$1,218,000	-8.9%	19,997	+0.3%	0.64%	-10.7%
ESXB	Sell	COMMUNITY BANKERS TR CORP	$1,198,000	-1.9%	136,174	-0.2%	0.63%	-3.8%
PBBI	Sell	PB BANCORP INC	$1,148,000	+3.4%	97,677	-0.1%	0.60%	+1.3%
OKE	Sell	ONEOK INC NEW	$1,142,000	-25.4%	16,841	-23.2%	0.60%	-26.8%
ABCB	Sell	AMERIS BANCORP	$1,127,000	-17.3%	24,658	-3.4%	0.59%	-18.9%
HBMD	Sell	HOWARD BANCORP INC	$1,113,000	-1.9%	62,883	-0.2%	0.59%	-3.8%
ETP	Sell	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$1,078,000	+14.7%	48,407	-2.0%	0.57%	+12.5%
ESQ	Sell	ESQUIRE FINL HLDGS INC	$1,016,000	-5.7%	40,701	-0.3%	0.54%	-7.6%
BCML	Sell	BAYCOM CORP	$990,000	-6.4%	37,113	-13.2%	0.52%	-8.3%
MCD	Sell	MCDONALDS CORP	$989,000	+6.0%	5,913	-0.7%	0.52%	+4.0%
PG	Sell	PROCTER AND GAMBLE CO	$978,000	+5.3%	11,755	-1.3%	0.52%	+3.2%
ANDX	Sell	ANDEAVOR LOGISTICS LP	$945,000	+12.8%	19,455	-1.3%	0.50%	+10.7%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$892,000	-1.1%	4,135	+0.4%	0.47%	-3.1%
XYL	Sell	XYLEM INC	$811,000	+14.1%	10,154	-3.9%	0.43%	+11.8%
FCCO	Sell	FIRST CMNTY CORP S C	$771,000	-5.0%	31,855	-1.6%	0.41%	-6.9%
MSL	Sell	MIDSOUTH BANCORP INC	$751,000	+14.3%	48,744	-1.7%	0.40%	+12.2%
WTR	Buy	AQUA AMERICA INC	$744,000	+6.4%	20,160	+1.5%	0.39%	+4.3%
DCP	Sell	DCP MIDSTREAM LP	$666,000	-1.3%	16,813	-1.4%	0.35%	-3.3%
FBNC	Sell	FIRST BANCORP N C	$651,000	-1.4%	16,064	-0.5%	0.34%	-3.4%
CMI	Sell	CUMMINS INC	$633,000	+8.8%	4,335	-0.9%	0.33%	+6.4%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$613,000	+5.3%	4,640	+1.0%	0.32%	+3.2%
ISTR	Sell	INVESTAR HLDG CORP	$598,000	-3.1%	22,259	-0.2%	0.32%	-5.1%
AMAL	New	AMALGAMATED BK NEW YORK N Yclass a	$569,000	–	29,503	–	0.30%	–
FFWM	Sell	FIRST FNDTN INC	$552,000	-15.9%	35,309	-0.2%	0.29%	-17.6%
ACBI	Sell	ATLANTIC CAP BANCSHARES INC	$531,000	-14.9%	31,672	-0.3%	0.28%	-16.4%
STXB	Buy	SPIRIT OF TEX BANCSHARES INC	$504,000	+23.2%	23,339	+17.6%	0.27%	+20.9%
BSVN	New	BANK7 CORP	$491,000	–	25,527	–	0.26%	–
AOS	Buy	SMITH A O	$457,000	+75.1%	8,562	+94.0%	0.24%	+72.1%
SM	Sell	SM ENERGY CO	$441,000	-38.7%	14,000	-50.0%	0.23%	-39.9%
HLX	Sell	HELIX ENERGY SOLUTIONS GRP I	$432,000	-40.2%	43,690	-49.6%	0.23%	-41.2%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$416,000	+10.3%	4,370	-3.3%	0.22%	+7.9%
SNMP	Sell	SANCHEZ MIDSTREAM PARTNERS L	$371,000	-44.6%	52,240	-7.9%	0.20%	-45.8%
KO	Buy	COCA COLA CO	$353,000	+6.3%	7,635	+0.9%	0.19%	+4.5%
SJW	New	SJW GROUP	$346,000	–	5,666	–	0.18%	–
GWRS	Buy	GLOBAL WTR RES INC	$336,000	+19.6%	31,709	+5.9%	0.18%	+17.2%
MFNC	Sell	MACKINAC FINL CORP	$326,000	-4.1%	20,153	-1.8%	0.17%	-6.0%
AMD	New	ADVANCED MICRO DEVICES INC	$309,000	–	10,000	–	0.16%	–
SONA	Sell	SOUTHERN NATL BANCORP OF VA	$306,000	-15.0%	18,867	-6.6%	0.16%	-16.6%
PBFX	Sell	PBF LOGISTICS LPunit ltd ptnr	$295,000	-1.0%	13,680	-3.6%	0.16%	-3.1%
KRP	Buy	KIMBELL RTY PARTNERS LPunit	$277,000	-4.5%	14,100	+8.5%	0.15%	-6.4%
SBS	Buy	COMPANHIA DE SANEAMENTO BASIsponsored adr	$244,000	+180.5%	41,394	+186.9%	0.13%	+174.5%
PSXP	Sell	PHILLIPS 66 PARTNERS LP	$233,000	-3.3%	4,560	-3.3%	0.12%	-5.4%
SPY	New	SPDR S&P 500 ETF TRtr unit	$230,000	–	792	–	0.12%	–
AWR	Sell	AMERICAN STS WTR CO	$210,000	-5.8%	3,434	-12.1%	0.11%	-7.5%
PNR	New	PENTAIR PLC	$209,000	–	4,817	–	0.11%	–
ARTNA	Buy	ARTESIAN RESOURCES CORPcl a	$208,000	+0.5%	5,642	+5.8%	0.11%	-0.9%
RY	New	ROYAL BK CDA MONTREAL QUE	$200,000	–	2,500	–	0.10%	–
ABILF	New	ABILITY INC	$56,000	–	16,000	–	0.03%	–
ASML	Exit	ASML HOLDING N V	$0	–	-1,024	–	-0.11%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-4,993	–	-0.11%	–
CTWS	Exit	CONNECTICUT WTR SVC INC	$0	–	-3,872	–	-0.14%	–
RXN	Exit	REXNORD CORP NEW	$0	–	-9,905	–	-0.16%	–
SIFI	Exit	SI FINL GROUP INC MD	$0	–	-34,400	–	-0.27%	–
AR	Exit	ANTERO RES CORP	$0	–	-39,800	–	-0.46%	–
WPZ	Exit	WILLIAMS PARTNERS L P NEW	$0	–	-24,361	–	-0.53%	–
UCBA	Exit	UNITED CMNTY BANCORP IND	$0	–	-54,555	–	-0.80%	–

Q2 2018

			Value		Shares		↓ Weighting
WMB	New	WILLIAMS COS INC DEL	$9,065,000	–	334,371	–	4.87%	–
ET	New	ENERGY TRANSFER EQUITY L P	$8,510,000	–	493,353	–	4.57%	–
HXL	New	HEXCEL CORP NEW	$6,674,000	–	100,541	–	3.59%	–
TRGP	New	TARGA RES CORP	$5,426,000	–	109,644	–	2.92%	–
LNG	New	CHENIERE ENERGY INC	$4,751,000	–	72,880	–	2.55%	–
ILMN	New	ILLUMINA INC	$4,061,000	–	14,539	–	2.18%	–
DWDP	New	DOWDUPONT INC	$3,710,000	–	56,275	–	1.99%	–
SEMG	New	SEMGROUP CORPcl a	$3,704,000	–	145,835	–	1.99%	–
SUN	New	SUNOCO LP	$3,618,000	–	144,965	–	1.94%	–
MPLX	New	MPLX LP	$3,380,000	–	99,010	–	1.82%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$3,354,000	–	153,060	–	1.80%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$3,301,000	–	38,660	–	1.77%	–
PSX	New	PHILLIPS 66	$3,201,000	–	28,502	–	1.72%	–
NEE	New	NEXTERA ENERGY INC	$3,091,000	–	18,505	–	1.66%	–
BA	New	BOEING CO	$3,069,000	–	9,147	–	1.65%	–
HD	New	HOME DEPOT INC	$3,050,000	–	15,632	–	1.64%	–
NGL	New	NGL ENERGY PARTNERS LP	$3,016,000	–	241,305	–	1.62%	–
AMZN	New	AMAZON COM INC	$2,959,000	–	1,741	–	1.59%	–
TBK	New	TRIUMPH BANCORP INC	$2,950,000	–	72,390	–	1.58%	–
AAPL	New	APPLE INC	$2,940,000	–	15,885	–	1.58%	–
SRE	New	SEMPRA ENERGY	$2,940,000	–	25,325	–	1.58%	–
HAL	New	HALLIBURTON CO	$2,899,000	–	64,337	–	1.56%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,775,000	–	117,400	–	1.49%	–
HON	New	HONEYWELL INTL INC	$2,710,000	–	18,810	–	1.46%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$2,533,000	–	70,855	–	1.36%	–
AMID	New	AMERICAN MIDSTREAM PARTNERS	$2,265,000	–	222,035	–	1.22%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$2,146,000	–	31,066	–	1.15%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$1,977,000	–	18,000	–	1.06%	–
EQT	New	EQT CORP	$1,948,000	–	35,310	–	1.05%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,861,000	–	1,668	–	1.00%	–
CL	New	COLGATE PALMOLIVE CO	$1,855,000	–	28,620	–	1.00%	–
D	New	DOMINION ENERGY INC	$1,822,000	–	26,730	–	0.98%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$1,797,000	–	64,935	–	0.97%	–
ABBV	New	ABBVIE INC	$1,714,000	–	18,500	–	0.92%	–
MDT	New	MEDTRONIC PLC	$1,652,000	–	19,291	–	0.89%	–
APC	New	ANADARKO PETE CORP	$1,633,000	–	22,300	–	0.88%	–
SMLP	New	SUMMIT MIDSTREAM PARTNERS LP	$1,607,000	–	104,335	–	0.86%	–
OASPQ	New	OASIS PETE INC NEW	$1,569,000	–	121,000	–	0.84%	–
OKE	New	ONEOK INC NEW	$1,530,000	–	21,916	–	0.82%	–
UCBA	New	UNITED CMNTY BANCORP IND	$1,484,000	–	54,555	–	0.80%	–
WLK	New	WESTLAKE CHEM CORP	$1,399,000	–	13,000	–	0.75%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,388,000	–	11,099	–	0.75%	–
DIS	New	DISNEY WALT CO	$1,365,000	–	13,020	–	0.73%	–
ABCB	New	AMERIS BANCORP	$1,362,000	–	25,525	–	0.73%	–
SLB	New	SCHLUMBERGER LTD	$1,337,000	–	19,947	–	0.72%	–
CLB	New	CORE LABORATORIES N V	$1,275,000	–	10,100	–	0.68%	–
MTZ	New	MASTEC INC	$1,243,000	–	24,500	–	0.67%	–
CBTX	New	CBTX INC	$1,234,000	–	37,340	–	0.66%	–
ESXB	New	COMMUNITY BANKERS TR CORP	$1,221,000	–	136,379	–	0.66%	–
BCTF	New	BANCORP 34 INC	$1,184,000	–	78,690	–	0.64%	–
JPM	New	JPMORGAN CHASE & CO	$1,174,000	–	11,270	–	0.63%	–
PXD	New	PIONEER NAT RES CO	$1,154,000	–	6,100	–	0.62%	–
HBMD	New	HOWARD BANCORP INC	$1,134,000	–	62,983	–	0.61%	–
ABT	New	ABBOTT LABS	$1,123,000	–	18,405	–	0.60%	–
PBBI	New	PB BANCORP INC	$1,110,000	–	97,822	–	0.60%	–
ESQ	New	ESQUIRE FINL HLDGS INC	$1,077,000	–	40,826	–	0.58%	–
MSFT	New	MICROSOFT CORP	$1,073,000	–	10,877	–	0.58%	–
BCML	New	BAYCOM CORP	$1,058,000	–	42,766	–	0.57%	–
WPZ	New	WILLIAMS PARTNERS L P NEW	$989,000	–	24,361	–	0.53%	–
COG	New	CABOT OIL & GAS CORP	$973,000	–	40,900	–	0.52%	–
PUMP	New	PROPETRO HLDG CORP	$956,000	–	61,000	–	0.51%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$940,000	–	49,387	–	0.50%	–
MCD	New	MCDONALDS CORP	$933,000	–	5,952	–	0.50%	–
CVS	New	CVS HEALTH CORP	$929,000	–	14,440	–	0.50%	–
PG	New	PROCTER AND GAMBLE CO	$929,000	–	11,905	–	0.50%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$902,000	–	4,120	–	0.48%	–
CIVB	New	CIVISTA BANCSHARES INC	$892,000	–	36,809	–	0.48%	–
WFC	New	WELLS FARGO CO NEW	$865,000	–	15,595	–	0.46%	–
AR	New	ANTERO RES CORP	$850,000	–	39,800	–	0.46%	–
ANDX	New	ANDEAVOR LOGISTICS LP	$838,000	–	19,715	–	0.45%	–
FCCO	New	FIRST CMNTY CORP S C	$812,000	–	32,367	–	0.44%	–
INTC	New	INTEL CORP	$790,000	–	15,890	–	0.42%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$759,000	–	6,808	–	0.41%	–
RES	New	RPC INC	$739,000	–	50,750	–	0.40%	–
GNTY	New	GUARANTY BANCSHARES INC TEX	$730,000	–	22,168	–	0.39%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$722,000	–	86,690	–	0.39%	–
SM	New	SM ENERGY CO	$719,000	–	28,000	–	0.39%	–
XYL	New	XYLEM INC	$711,000	–	10,565	–	0.38%	–
WTR	New	AQUA AMERICA INC	$699,000	–	19,855	–	0.38%	–
DCP	New	DCP MIDSTREAM LP	$675,000	–	17,058	–	0.36%	–
SNMP	New	SANCHEZ MIDSTREAM PARTNERS L	$670,000	–	56,740	–	0.36%	–
FBNC	New	FIRST BANCORP N C	$660,000	–	16,139	–	0.36%	–
FFWM	New	FIRST FNDTN INC	$656,000	–	35,384	–	0.35%	–
MSL	New	MIDSOUTH BANCORP INC	$657,000	–	49,600	–	0.35%	–
SLCT	New	SELECT BANCORP INC NEW	$650,000	–	48,289	–	0.35%	–
UBNK	New	UNITED FINL BANCORP INC NEW	$637,000	–	36,344	–	0.34%	–
ACBI	New	ATLANTIC CAP BANCSHARES INC	$624,000	–	31,752	–	0.34%	–
ISTR	New	INVESTAR HLDG CORP	$617,000	–	22,309	–	0.33%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$582,000	–	4,595	–	0.31%	–
CMI	New	CUMMINS INC	$582,000	–	4,375	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS INC	$519,000	–	10,320	–	0.28%	–
SIFI	New	SI FINL GROUP INC MD	$507,000	–	34,400	–	0.27%	–
HUBB	New	HUBBELL INC	$483,000	–	4,572	–	0.26%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$463,000	–	6,290	–	0.25%	–
KMI	New	KINDER MORGAN INC DEL	$441,000	–	24,941	–	0.24%	–
HESM	New	HESS MIDSTREAM PARTNERS LPunit ltd pr int	$422,000	–	21,400	–	0.23%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$417,000	–	8,000	–	0.22%	–
STXB	New	SPIRIT OF TEX BANCSHARES INC	$409,000	–	19,847	–	0.22%	–
PRI	New	PRIMERICA INC	$398,000	–	4,000	–	0.21%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$377,000	–	4,521	–	0.20%	–
SONA	New	SOUTHERN NATL BANCORP OF VA	$360,000	–	20,195	–	0.19%	–
JNJ	New	JOHNSON & JOHNSON	$349,000	–	2,875	–	0.19%	–
MFNC	New	MACKINAC FINL CORP	$340,000	–	20,518	–	0.18%	–
IXJ	New	ISHARES TRglob hlthcre etf	$341,000	–	6,050	–	0.18%	–
KO	New	COCA COLA CO	$332,000	–	7,570	–	0.18%	–
FBMS	New	FIRST BANCSHARES INC MS	$327,000	–	9,090	–	0.18%	–
NI	New	NISOURCE INC	$305,000	–	11,600	–	0.16%	–
ENLC	New	ENLINK MIDSTREAM LLC	$304,000	–	18,500	–	0.16%	–
FSBC	New	FSB BANCORP INC	$301,000	–	17,177	–	0.16%	–
PBFX	New	PBF LOGISTICS LPunit ltd ptnr	$298,000	–	14,185	–	0.16%	–
MMM	New	3M CO	$295,000	–	1,500	–	0.16%	–
GLD	New	SPDR GOLD TRUST	$291,000	–	2,450	–	0.16%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$290,000	–	13,000	–	0.16%	–
RXN	New	REXNORD CORP NEW	$288,000	–	9,905	–	0.16%	–
WES	New	WESTERN GAS PARTNERS LP	$286,000	–	5,900	–	0.15%	–
GWRS	New	GLOBAL WTR RES INC	$281,000	–	29,954	–	0.15%	–
CAKE	New	CHEESECAKE FACTORY INC	$279,000	–	5,062	–	0.15%	–
AOS	New	SMITH A O	$261,000	–	4,413	–	0.14%	–
OLED	New	UNIVERSAL DISPLAY CORP	$258,000	–	3,000	–	0.14%	–
CTWS	New	CONNECTICUT WTR SVC INC	$253,000	–	3,872	–	0.14%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$246,000	–	2,126	–	0.13%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$241,000	–	4,715	–	0.13%	–
ES	New	EVERSOURCE ENERGY	$234,000	–	4,000	–	0.13%	–
AGN	New	ALLERGAN PLC	$233,000	–	1,400	–	0.12%	–
IMAX	New	IMAX CORP	$233,000	–	10,500	–	0.12%	–
MELR	New	MELROSE BANCORP INC	$231,000	–	11,756	–	0.12%	–
VAR	New	VARIAN MED SYS INC	$227,000	–	2,000	–	0.12%	–
PCSB	New	PCSB FINL CORP	$226,000	–	11,360	–	0.12%	–
TCP	New	TC PIPELINES LP	$226,000	–	8,700	–	0.12%	–
AWR	New	AMERICAN STS WTR CO	$223,000	–	3,907	–	0.12%	–
SAP	New	SAP SEspon adr	$220,000	–	1,900	–	0.12%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$219,000	–	5,000	–	0.12%	–
BFST	New	BUSINESS FIRST BANCSHARES IN	$213,000	–	8,077	–	0.11%	–
MSEX	New	MIDDLESEX WATER CO	$211,000	–	4,993	–	0.11%	–
WUBA	New	58 COM INCspon adr rep a	$208,000	–	3,000	–	0.11%	–
ARTNA	New	ARTESIAN RESOURCES CORPcl a	$207,000	–	5,332	–	0.11%	–
NSC	New	NORFOLK SOUTHERN CORP	$204,000	–	1,350	–	0.11%	–
ASML	New	ASML HOLDING N V	$203,000	–	1,024	–	0.11%	–
FNB	New	FNB CORP PA	$195,000	–	14,494	–	0.10%	–
CCIHY	New	CHINACACHE INTL HLDG LTDsponsored adr	$127,000	–	115,083	–	0.07%	–
SBS	New	COMPANHIA DE SANEAMENTO BASIsponsored adr	$87,000	–	14,429	–	0.05%	–
SFUN	New	FANG HLDGS LTDadr	$39,000	–	10,000	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
SFUN	Exit	FANG HLDGS LTDadr	$0	–	-10,000	–	-0.02%	–
CCIHY	Exit	CHINACACHE INTL HLDG LTDsponsored adr	$0	–	-115,083	–	-0.06%	–
WNEB	Exit	WESTERN NEW ENG BANCORP INC	$0	–	-14,187	–	-0.09%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-13,000	–	-0.12%	–
SAP	Exit	SAP SEspon adr	$0	–	-1,900	–	-0.12%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,700	–	-0.12%	–
RXN	Exit	REXNORD CORP NEW	$0	–	-8,339	–	-0.12%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-5,465	–	-0.12%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-5,062	–	-0.12%	–
GWRS	Exit	GLOBAL WTR RES INC	$0	–	-23,659	–	-0.13%	–
AOS	Exit	SMITH A O	$0	–	-3,768	–	-0.13%	–
SINA	Exit	SINA CORPord	$0	–	-2,000	–	-0.13%	–
IMAX	Exit	IMAX CORP	$0	–	-10,500	–	-0.13%	–
CWT	Exit	CALIFORNIA WTR SVC GROUP	$0	–	-6,251	–	-0.13%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-2,126	–	-0.14%	–
MELR	Exit	MELROSE BANCORP INC	$0	–	-12,000	–	-0.14%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-8,000	–	-0.14%	–
FNB	Exit	FNB CORP PA	$0	–	-18,708	–	-0.15%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-4,500	–	-0.15%	–
FSBC	Exit	FSB BANCORP INC	$0	–	-17,550	–	-0.16%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-5,900	–	-0.17%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,500	–	-0.17%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-10,000	–	-0.18%	–
MMM	Exit	3M CO	$0	–	-1,500	–	-0.18%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-6,115	–	-0.18%	–
NI	Exit	NISOURCE INC	$0	–	-12,600	–	-0.18%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.18%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-19,700	–	-0.19%	–
ISTR	Exit	INVESTAR HLDG CORP	$0	–	-14,330	–	-0.19%	–
PBFX	Exit	PBF LOGISTICS LPunit ltd ptnr	$0	–	-16,750	–	-0.20%	–
KO	Exit	COCA COLA CO	$0	–	-8,355	–	-0.21%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-3,000	–	-0.22%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,075	–	-0.22%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,925	–	-0.23%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-3,750	–	-0.24%	–
AGN	Exit	ALLERGAN PLC	$0	–	-2,132	–	-0.25%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-8,895	–	-0.25%	–
FSBK	Exit	FIRST SOUTH BANCORP INC VA	$0	–	-24,868	–	-0.26%	–
CTWS	Exit	CONNECTICUT WTR SVC INC	$0	–	-7,974	–	-0.27%	–
BCTF	Exit	BANCORP 34 INC	$0	–	-34,489	–	-0.27%	–
AR	Exit	ANTERO RES CORP	$0	–	-24,400	–	-0.27%	–
CIVB	Exit	CIVISTA BANCSHARES INC	$0	–	-21,860	–	-0.28%	–
VVC	Exit	VECTREN CORP	$0	–	-7,500	–	-0.28%	–
TCP	Exit	TC PIPELINES LP	$0	–	-9,450	–	-0.28%	–
SM	Exit	SM ENERGY CO	$0	–	-28,000	–	-0.28%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-4,455	–	-0.29%	–
MET	Exit	METLIFE INC	$0	–	-10,580	–	-0.31%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-5,020	–	-0.31%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-39,000	–	-0.32%	–
FBNC	Exit	FIRST BANCORP N C	$0	–	-16,475	–	-0.32%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-29,593	–	-0.32%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-8,290	–	-0.32%	–
ACBI	Exit	ATLANTIC CAP BANCSHARES INC	$0	–	-31,510	–	-0.32%	–
SLCT	Exit	SELECT BANCORP INC NEW	$0	–	-48,986	–	-0.32%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-31,383	–	-0.32%	–
INTC	Exit	INTEL CORP	$0	–	-16,050	–	-0.34%	–
SNMP	Exit	SANCHEZ MIDSTREAM PARTNERS L	$0	–	-56,740	–	-0.36%	–
XYL	Exit	XYLEM INC	$0	–	-10,208	–	-0.36%	–
DCP	Exit	DCP MIDSTREAM LP	$0	–	-18,613	–	-0.36%	–
EQBK	Exit	EQUITY BANCSHARES INC	$0	–	-18,430	–	-0.37%	–
FFWM	Exit	FIRST FNDTN INC	$0	–	-36,886	–	-0.37%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-5,920	–	-0.39%	–
ESQ	Exit	ESQUIRE FINL HLDGS INC	$0	–	-44,400	–	-0.40%	–
CMI	Exit	CUMMINS INC	$0	–	-4,360	–	-0.41%	–
PCSB	Exit	PCSB FINL CORP	$0	–	-39,723	–	-0.42%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-46,900	–	-0.44%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,900	–	-0.46%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-4,315	–	-0.48%	–
PSTB	Exit	PARK STERLING CORP	$0	–	-71,890	–	-0.50%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-23,564	–	-0.51%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-6,100	–	-0.51%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-16,440	–	-0.51%	–
WPZ	Exit	WILLIAMS PARTNERS L P NEW	$0	–	-24,005	–	-0.53%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP I	$0	–	-126,690	–	-0.53%	–
RICE	Exit	RICE ENERGY INC	$0	–	-33,600	–	-0.55%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,405	–	-0.55%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,290	–	-0.56%	–
RES	Exit	RPC INC	$0	–	-40,750	–	-0.57%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-10,250	–	-0.57%	–
MSL	Exit	MIDSOUTH BANCORP INC	$0	–	-85,109	–	-0.58%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-13,000	–	-0.61%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-120,000	–	-0.62%	–
FCCO	Exit	FIRST CMNTY CORP S C	$0	–	-54,509	–	-0.63%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-11,715	–	-0.63%	–
MTZ	Exit	MASTEC INC	$0	–	-24,500	–	-0.64%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-12,650	–	-0.65%	–
SONA	Exit	SOUTHERN NATL BANCORP OF VA	$0	–	-69,417	–	-0.66%	–
SFST	Exit	SOUTHERN FIRST BANCSHARES IN	$0	–	-33,167	–	-0.68%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-25,100	–	-0.69%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-15,880	–	-0.73%	–
DIS	Exit	DISNEY WALT CO	$0	–	-13,420	–	-0.74%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-11,500	–	-0.75%	–
ACFC	Exit	ATLANTIC COAST FINL CORP	$0	–	-157,529	–	-0.78%	–
OKE	Exit	ONEOK INC NEW	$0	–	-25,681	–	-0.80%	–
SIFI	Exit	SI FINL GROUP INC MD	$0	–	-100,000	–	-0.84%	–
D	Exit	DOMINION ENERGY INC	$0	–	-19,785	–	-0.86%	–
EQT	Exit	EQT CORP	$0	–	-23,350	–	-0.86%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-57,400	–	-0.86%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-19,874	–	-0.87%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-64,835	–	-0.88%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,681	–	-0.91%	–
SBCP	Exit	SUNSHINE BANCORP INC	$0	–	-69,764	–	-0.91%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,500	–	-0.92%	–
ANDX	Exit	ANDEAVOR LOGISTICS LP	$0	–	-34,975	–	-0.99%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-25,177	–	-0.99%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,832	–	-0.99%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-18,000	–	-1.00%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-72,357	–	-1.06%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-23,844	–	-1.09%	–
SMLP	Exit	SUMMIT MIDSTREAM PARTNERS LP	$0	–	-103,082	–	-1.16%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-97,625	–	-1.16%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-75,731	–	-1.38%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-34,366	–	-1.38%	–
AAPL	Exit	APPLE INC	$0	–	-16,618	–	-1.44%	–
BA	Exit	BOEING CO	$0	–	-10,096	–	-1.44%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-35,720	–	-1.46%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-230,460	–	-1.50%	–
HD	Exit	HOME DEPOT INC	$0	–	-16,882	–	-1.55%	–
HAL	Exit	HALLIBURTON CO	$0	–	-60,357	–	-1.56%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-19,730	–	-1.57%	–
ILMN	Exit	ILLUMINA INC	$0	–	-14,935	–	-1.68%	–
AMID	Exit	AMERICAN MIDSTREAM PARTNERS	$0	–	-225,180	–	-1.73%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-74,975	–	-1.74%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-21,805	–	-1.80%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-72,225	–	-1.83%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-130,135	–	-1.93%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-119,230	–	-1.93%	–
PSX	Exit	PHILLIPS 66	$0	–	-37,930	–	-1.96%	–
MPLX	Exit	MPLX LP	$0	–	-105,315	–	-2.08%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-57,340	–	-2.24%	–
SUN	Exit	SUNOCO LP	$0	–	-142,190	–	-2.49%	–
TRGP	Exit	TARGA RES CORP	$0	–	-103,211	–	-2.75%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-103,006	–	-3.33%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-500,058	–	-4.89%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-331,035	–	-5.59%	–

Q3 2017

			Value		Shares		↓ Weighting
WMB	Buy	WILLIAMS COS INC DEL	$9,934,000	+1.5%	331,035	+2.4%	5.59%	-2.1%
ET	Buy	ENERGY TRANSFER EQUITY L P	$8,691,000	+32.0%	500,058	+36.4%	4.89%	+27.3%
HXL	Sell	HEXCEL CORP NEW	$5,915,000	+7.0%	103,006	-1.6%	3.33%	+3.2%
TRGP	Sell	TARGA RES CORP	$4,882,000	+4.2%	103,211	-0.4%	2.75%	+0.5%
SUN	Sell	SUNOCO LP	$4,422,000	+1.0%	142,190	-0.6%	2.49%	-2.5%
DWDP	New	DOWDUPONT INC	$3,970,000	–	57,340	–	2.24%	–
MPLX	Sell	MPLX LP	$3,687,000	+4.2%	105,315	-0.6%	2.08%	+0.4%
PSX	Buy	PHILLIPS 66	$3,475,000	+10.8%	37,930	+0.0%	1.96%	+6.9%
GEL	Sell	GENESIS ENERGY L Punit ltd partn	$3,429,000	-19.9%	130,135	-3.6%	1.93%	-22.7%
SEMG	Buy	SEMGROUP CORPcl a	$3,428,000	+14.6%	119,230	+7.6%	1.93%	+10.6%
NEE	Buy	NEXTERA ENERGY INC	$3,196,000	+3.7%	21,805	+1.0%	1.80%	0.0%
WGP	Sell	WESTERN GAS EQUITY PARTNERS	$3,087,000	-5.0%	74,975	-0.7%	1.74%	-8.3%
AMID	Buy	AMERICAN MIDSTREAM PARTNERS	$3,074,000	+9.6%	225,180	+3.2%	1.73%	+5.7%
ILMN	Sell	ILLUMINA INC	$2,975,000	+13.0%	14,935	-1.6%	1.68%	+9.0%
HON	Sell	HONEYWELL INTL INC	$2,797,000	+6.1%	19,730	-0.3%	1.57%	+2.3%
HAL	Sell	HALLIBURTON CO	$2,778,000	+4.8%	60,357	-2.7%	1.56%	+1.2%
NGL	Buy	NGL ENERGY PARTNERS LP	$2,662,000	+13.7%	230,460	+37.8%	1.50%	+9.6%
BA	Sell	BOEING CO	$2,567,000	+22.1%	10,096	-5.0%	1.44%	+17.8%
AAPL	Sell	APPLE INC	$2,561,000	-0.9%	16,618	-7.3%	1.44%	-4.3%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$2,442,000	-1.4%	34,366	-1.1%	1.38%	-4.8%
TBK	Buy	TRIUMPH BANCORP INC	$2,442,000	+64.6%	75,731	+25.3%	1.38%	+58.8%
PAA	Buy	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,069,000	-3.5%	97,625	+19.7%	1.16%	-6.9%
SMLP	Sell	SUMMIT MIDSTREAM PARTNERS LP	$2,062,000	-12.9%	103,082	-1.4%	1.16%	-16.0%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,929,000	+1.5%	23,844	-2.2%	1.09%	-2.1%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$1,886,000	-41.3%	72,357	-39.0%	1.06%	-43.3%
AMZN	Sell	AMAZON COM INC	$1,761,000	-2.1%	1,832	-1.3%	0.99%	-5.5%
SLB	Sell	SCHLUMBERGER LTD	$1,756,000	+5.9%	25,177	-0.0%	0.99%	+2.1%
ANDX	New	ANDEAVOR LOGISTICS LP	$1,751,000	–	34,975	–	0.99%	–
SBCP	Sell	SUNSHINE BANCORP INC	$1,621,000	-32.3%	69,764	-37.9%	0.91%	-34.7%
GOOG	Sell	ALPHABET INCcap stk cl c	$1,612,000	+1.8%	1,681	-3.6%	0.91%	-1.8%
GE	Sell	GENERAL ELECTRIC CO	$1,568,000	-18.3%	64,835	-8.7%	0.88%	-21.2%
MDT	Buy	MEDTRONIC PLC	$1,546,000	-9.6%	19,874	+3.1%	0.87%	-12.8%
COG	Sell	CABOT OIL & GAS CORP	$1,535,000	+4.6%	57,400	-1.9%	0.86%	+0.9%
D	Buy	DOMINION ENERGY INC	$1,522,000	+0.5%	19,785	+0.1%	0.86%	-3.1%
EQT	Buy	EQT CORP	$1,523,000	+13.7%	23,350	+2.2%	0.86%	+9.7%
SIFI	Buy	SI FINL GROUP INC MD	$1,495,000	-2.3%	100,000	+5.2%	0.84%	-5.8%
OKE	Buy	ONEOK INC NEW	$1,423,000	+7.0%	25,681	+0.7%	0.80%	+3.2%
ACFC	Buy	ATLANTIC COAST FINL CORP	$1,388,000	+13.5%	157,529	+1.0%	0.78%	+9.4%
UTX	Sell	UNITED TECHNOLOGIES CORP	$1,335,000	-5.0%	11,500	-0.1%	0.75%	-8.4%
DIS	Sell	DISNEY WALT CO	$1,323,000	-7.4%	13,420	-0.2%	0.74%	-10.7%
CVS	Sell	CVS HEALTH CORP	$1,291,000	+0.9%	15,880	-0.1%	0.73%	-2.5%
SFST	Buy	SOUTHERN FIRST BANCSHARES IN	$1,206,000	+1.9%	33,167	+3.8%	0.68%	-1.7%
SONA	Buy	SOUTHERN NATL BANCORP OF VA	$1,179,000	-1.6%	69,417	+2.0%	0.66%	-5.0%
PG	Buy	PROCTER AND GAMBLE CO	$1,151,000	+35.1%	12,650	+29.5%	0.65%	+30.4%
MTZ	Sell	MASTEC INC	$1,137,000	-2.2%	24,500	-4.8%	0.64%	-5.6%
JPM	Sell	JPMORGAN CHASE & CO	$1,119,000	+3.6%	11,715	-0.8%	0.63%	0.0%
FCCO	Buy	FIRST CMNTY CORP S C	$1,115,000	-1.2%	54,509	+1.5%	0.63%	-4.6%
MSL	Buy	MIDSOUTH BANCORP INC	$1,026,000	+8.0%	85,109	+5.2%	0.58%	+4.3%
MCD	Sell	MCDONALDS CORP	$986,000	+1.8%	6,290	-0.6%	0.56%	-1.8%
RICE	Sell	RICE ENERGY INC	$972,000	-34.4%	33,600	-39.6%	0.55%	-36.7%
WPZ	Sell	WILLIAMS PARTNERS L P NEW	$934,000	-4.3%	24,005	-1.4%	0.53%	-7.7%
WFC	Buy	WELLS FARGO CO NEW	$907,000	-0.3%	16,440	+0.2%	0.51%	-3.8%
FIBK	Buy	FIRST INTST BANCSYSTEM INC	$901,000	+9.3%	23,564	+6.3%	0.51%	+5.4%
PSTB	Buy	PARK STERLING CORP	$893,000	+7.2%	71,890	+2.5%	0.50%	+3.5%
STZ	New	CONSTELLATION BRANDS INCcl a	$861,000	–	4,315	–	0.48%	–
MSFT	Buy	MICROSOFT CORP	$812,000	+8.3%	10,900	+0.2%	0.46%	+4.3%
PCSB	Buy	PCSB FINL CORP	$749,000	+39.2%	39,723	+26.1%	0.42%	+34.4%
CMI	Buy	CUMMINS INC	$733,000	+3.8%	4,360	+0.1%	0.41%	+0.2%
ESQ	Buy	ESQUIRE FINL HLDGS INC	$714,000	+19.2%	44,400	+11.2%	0.40%	+14.9%
ZBH	New	ZIMMER BIOMET HLDGS INC	$693,000	–	5,920	–	0.39%	–
FFWM	Buy	FIRST FNDTN INC	$660,000	+14.4%	36,886	+4.9%	0.37%	+10.1%
EQBK	Buy	EQUITY BANCSHARES INC	$656,000	+19.7%	18,430	+3.1%	0.37%	+15.3%
DCP	Sell	DCP MIDSTREAM LP	$645,000	+1.7%	18,613	-0.7%	0.36%	-1.9%
XYL	Buy	XYLEM INC	$640,000	+57.2%	10,208	+38.9%	0.36%	+51.3%
SNMP	Buy	SANCHEZ MIDSTREAM PARTNERS L	$638,000	-11.8%	56,740	+0.8%	0.36%	-14.9%
ETP	Sell	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$574,000	-14.2%	31,383	-4.4%	0.32%	-17.2%
SLCT	Buy	SELECT BANCORP INC NEW	$574,000	+0.7%	48,986	+5.0%	0.32%	-3.0%
ACBI	Buy	ATLANTIC CAP BANCSHARES INC	$572,000	-2.6%	31,510	+2.0%	0.32%	-6.1%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$570,000	-1.6%	8,290	-5.7%	0.32%	-5.0%
KMI	Buy	KINDER MORGAN INC DEL	$568,000	+0.2%	29,593	+0.1%	0.32%	-3.3%
FBNC	Buy	FIRST BANCORP N C	$567,000	+16.0%	16,475	+5.2%	0.32%	+11.9%
PUMP	New	PROPETRO HLDG CORP	$560,000	–	39,000	–	0.32%	–
MAR	Buy	MARRIOTT INTL INC NEWcl a	$554,000	+10.1%	5,020	+0.1%	0.31%	+6.1%
MET	Sell	METLIFE INC	$550,000	-5.5%	10,580	-0.2%	0.31%	-8.8%
SRE	Buy	SEMPRA ENERGY	$508,000	+6.1%	4,455	+4.8%	0.29%	+2.1%
VVC	New	VECTREN CORP	$493,000	–	7,500	–	0.28%	–
CIVB	Buy	CIVISTA BANCSHARES INC	$488,000	+12.7%	21,860	+5.3%	0.28%	+8.7%
AR	New	ANTERO RES CORP	$486,000	–	24,400	–	0.27%	–
BCTF	Buy	BANCORP 34 INC	$483,000	+5.2%	34,489	+5.4%	0.27%	+1.5%
CTWS	Buy	CONNECTICUT WTR SVC INC	$473,000	+58.2%	7,974	+48.3%	0.27%	+52.9%
FSBK	Buy	FIRST SOUTH BANCORP INC VA	$461,000	+17.9%	24,868	+5.2%	0.26%	+13.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$440,000	+10.8%	8,895	+0.1%	0.25%	+6.9%
IXJ	Sell	ISHARES TRglob hlthcre etf	$422,000	+2.4%	3,750	-0.4%	0.24%	-0.8%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$403,000	+2.3%	4,925	-0.9%	0.23%	-1.3%
KO	Buy	COCA COLA CO	$376,000	+0.5%	8,355	+0.2%	0.21%	-2.8%
PBFX	Sell	PBF LOGISTICS LPunit ltd ptnr	$352,000	+5.4%	16,750	-2.3%	0.20%	+1.5%
ISTR	Buy	INVESTAR HLDG CORP	$345,000	+10.6%	14,330	+5.3%	0.19%	+6.6%
ENLC	Sell	ENLINK MIDSTREAM LLC	$340,000	-3.4%	19,700	-1.5%	0.19%	-6.8%
PSXP	Sell	PHILLIPS 66 PARTNERS LP	$321,000	+4.2%	6,115	-1.9%	0.18%	+0.6%
FSBC	Buy	FSB BANCORP INC	$291,000	+18.3%	17,550	+5.2%	0.16%	+13.9%
ES	Sell	EVERSOURCE ENERGY	$272,000	-7.5%	4,500	-7.2%	0.15%	-11.0%
FNB	Sell	FNB CORP PA	$262,000	-5.8%	18,708	-4.8%	0.15%	-9.3%
MELR	New	MELROSE BANCORP INC	$239,000	–	12,000	–	0.14%	–
CWT	Buy	CALIFORNIA WTR SVC GROUP	$238,000	+5.8%	6,251	+2.3%	0.13%	+2.3%
SINA	New	SINA CORPord	$229,000	–	2,000	–	0.13%	–
GWRS	Buy	GLOBAL WTR RES INC	$223,000	+27.4%	23,659	+34.0%	0.13%	+23.5%
AOS	Buy	SMITH A O	$224,000	+8.7%	3,768	+3.0%	0.13%	+5.0%
MSEX	Buy	MIDDLESEX WATER CO	$214,000	+2.9%	5,465	+3.8%	0.12%	-0.8%
RXN	New	REXNORD CORP NEW	$212,000	–	8,339	–	0.12%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$209,000	–	2,700	–	0.12%	–
SAP	New	SAP SEspon adr	$208,000	–	1,900	–	0.12%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$205,000	–	13,000	–	0.12%	–
WNEB	Buy	WESTERN NEW ENG BANCORP INC	$155,000	+12.3%	14,187	+4.3%	0.09%	+7.4%
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-10,000	–	0.00%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-16,700	–	-0.08%	–
VNO	Exit	VORNADO RLTY TRsh ben int	$0	–	-2,588	–	-0.14%	–
PBNC	Exit	PARAGON COML CORP	$0	–	-5,617	–	-0.17%	–
BPFH	Exit	BOSTON PRIVATE FINL HLDGS IN	$0	–	-21,803	–	-0.20%	–
BHLB	Exit	BERKSHIRE HILLS BANCORP INC	$0	–	-9,806	–	-0.20%	–
HBMD	Exit	HOWARD BANCORP INC	$0	–	-19,170	–	-0.22%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-11,056	–	-0.22%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-19,000	–	-0.22%	–
CPN	Exit	CALPINE CORP	$0	–	-35,400	–	-0.28%	–
GBNK	Exit	GUARANTY BANCORP DEL	$0	–	-19,944	–	-0.32%	–
NCOM	Exit	NATIONAL COMM CORP	$0	–	-14,318	–	-0.33%	–
BLMT	Exit	BSB BANCORP INC MD	$0	–	-20,288	–	-0.35%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,858	–	-0.44%	–
DOW	Exit	DOW CHEM CO	$0	–	-59,395	–	-2.19%	–

Q2 2017

			Value		Shares		↓ Weighting
WMB	New	WILLIAMS COS INC DEL	$9,791,000	–	323,354	–	5.71%	–
ET	New	ENERGY TRANSFER EQUITY L P	$6,585,000	–	366,653	–	3.84%	–
HXL	New	HEXCEL CORP NEW	$5,527,000	–	104,701	–	3.22%	–
TRGP	New	TARGA RES CORP	$4,686,000	–	103,674	–	2.74%	–
SUN	New	SUNOCO LP	$4,377,000	–	142,990	–	2.55%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$4,281,000	–	134,925	–	2.50%	–
DOW	New	DOW CHEM CO	$3,746,000	–	59,395	–	2.19%	–
MPLX	New	MPLX LP	$3,540,000	–	105,991	–	2.07%	–
LNG	New	CHENIERE ENERGY INC	$3,518,000	–	72,225	–	2.05%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$3,248,000	–	75,500	–	1.90%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$3,211,000	–	118,570	–	1.87%	–
PSX	New	PHILLIPS 66	$3,136,000	–	37,925	–	1.83%	–
NEE	New	NEXTERA ENERGY INC	$3,082,000	–	21,595	–	1.80%	–
SEMG	New	SEMGROUP CORPcl a	$2,991,000	–	110,789	–	1.74%	–
AMID	New	AMERICAN MIDSTREAM PARTNERS	$2,804,000	–	218,200	–	1.64%	–
HAL	New	HALLIBURTON CO	$2,650,000	–	62,052	–	1.55%	–
CL	New	COLGATE PALMOLIVE CO	$2,648,000	–	35,720	–	1.54%	–
HON	New	HONEYWELL INTL INC	$2,636,000	–	19,780	–	1.54%	–
ILMN	New	ILLUMINA INC	$2,633,000	–	15,175	–	1.54%	–
HD	New	HOME DEPOT INC	$2,590,000	–	16,882	–	1.51%	–
AAPL	New	APPLE INC	$2,583,000	–	17,933	–	1.51%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$2,476,000	–	34,734	–	1.44%	–
SBCP	New	SUNSHINE BANCORP INC	$2,394,000	–	112,355	–	1.40%	–
SMLP	New	SUMMIT MIDSTREAM PARTNERS LP	$2,368,000	–	104,540	–	1.38%	–
NGL	New	NGL ENERGY PARTNERS LP	$2,342,000	–	167,293	–	1.37%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$2,143,000	–	81,545	–	1.25%	–
BA	New	BOEING CO	$2,102,000	–	10,631	–	1.23%	–
GE	New	GENERAL ELECTRIC CO	$1,919,000	–	71,050	–	1.12%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,900,000	–	24,383	–	1.11%	–
AMZN	New	AMAZON COM INC	$1,798,000	–	1,857	–	1.05%	–
MDT	New	MEDTRONIC PLC	$1,711,000	–	19,284	–	1.00%	–
SLB	New	SCHLUMBERGER LTD	$1,658,000	–	25,187	–	0.97%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,583,000	–	1,743	–	0.92%	–
SIFI	New	SI FINL GROUP INC MD	$1,530,000	–	95,023	–	0.89%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$1,519,000	–	18,000	–	0.89%	–
D	New	DOMINION ENERGY INC	$1,515,000	–	19,770	–	0.88%	–
TBK	New	TRIUMPH BANCORP INC	$1,484,000	–	60,458	–	0.87%	–
RICE	New	RICE ENERGY INC	$1,481,000	–	55,600	–	0.86%	–
COG	New	CABOT OIL & GAS CORP	$1,467,000	–	58,500	–	0.86%	–
DIS	New	DISNEY WALT CO	$1,429,000	–	13,445	–	0.83%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,406,000	–	11,510	–	0.82%	–
ABBV	New	ABBVIE INC	$1,341,000	–	18,500	–	0.78%	–
EQT	New	EQT CORP	$1,339,000	–	22,850	–	0.78%	–
OKE	New	ONEOK INC NEW	$1,330,000	–	25,508	–	0.78%	–
CVS	New	CVS HEALTH CORP	$1,279,000	–	15,900	–	0.75%	–
ACFC	New	ATLANTIC COAST FINL CORP	$1,223,000	–	156,018	–	0.71%	–
SONA	New	SOUTHERN NATL BANCORP OF VA	$1,198,000	–	68,052	–	0.70%	–
SFST	New	SOUTHERN FIRST BANCSHARES IN	$1,184,000	–	31,955	–	0.69%	–
MTZ	New	MASTEC INC	$1,162,000	–	25,730	–	0.68%	–
APC	New	ANADARKO PETE CORP	$1,138,000	–	25,100	–	0.66%	–
FCCO	New	FIRST CMNTY CORP S C	$1,128,000	–	53,699	–	0.66%	–
JPM	New	JPMORGAN CHASE & CO	$1,080,000	–	11,815	–	0.63%	–
CLB	New	CORE LABORATORIES N V	$1,038,000	–	10,250	–	0.61%	–
WPZ	New	WILLIAMS PARTNERS L P NEW	$976,000	–	24,335	–	0.57%	–
PXD	New	PIONEER NAT RES CO	$973,000	–	6,100	–	0.57%	–
MCD	New	MCDONALDS CORP	$969,000	–	6,327	–	0.56%	–
OASPQ	New	OASIS PETE INC NEW	$966,000	–	120,000	–	0.56%	–
MSL	New	MIDSOUTH BANCORP INC	$950,000	–	80,865	–	0.55%	–
CBI	New	CHICAGO BRIDGE & IRON CO N V	$925,000	–	46,900	–	0.54%	–
WFC	New	WELLS FARGO CO NEW	$910,000	–	16,415	–	0.53%	–
ABT	New	ABBOTT LABS	$895,000	–	18,405	–	0.52%	–
WLK	New	WESTLAKE CHEM CORP	$861,000	–	13,000	–	0.50%	–
PG	New	PROCTER AND GAMBLE CO	$852,000	–	9,765	–	0.50%	–
PSTB	New	PARK STERLING CORP	$833,000	–	70,166	–	0.49%	–
RES	New	RPC INC	$824,000	–	40,750	–	0.48%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$824,000	–	22,160	–	0.48%	–
MSFT	New	MICROSOFT CORP	$750,000	–	10,880	–	0.44%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$747,000	–	4,858	–	0.44%	–
SNMP	New	SANCHEZ MIDSTREAM PARTNERS L	$723,000	–	56,280	–	0.42%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$715,000	–	126,690	–	0.42%	–
CMI	New	CUMMINS INC	$706,000	–	4,355	–	0.41%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$669,000	–	32,814	–	0.39%	–
DCP	New	DCP MIDSTREAM LP	$634,000	–	18,743	–	0.37%	–
ESQ	New	ESQUIRE FINL HLDGS INC	$599,000	–	39,937	–	0.35%	–
BLMT	New	BSB BANCORP INC MD	$593,000	–	20,288	–	0.35%	–
ACBI	New	ATLANTIC CAP BANCSHARES INC	$587,000	–	30,891	–	0.34%	–
MET	New	METLIFE INC	$582,000	–	10,600	–	0.34%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$579,000	–	8,790	–	0.34%	–
FFWM	New	FIRST FNDTN INC	$577,000	–	35,147	–	0.34%	–
SLCT	New	SELECT BANCORP INC NEW	$570,000	–	46,644	–	0.33%	–
KMI	New	KINDER MORGAN INC DEL	$567,000	–	29,575	–	0.33%	–
NCOM	New	NATIONAL COMM CORP	$566,000	–	14,318	–	0.33%	–
EQBK	New	EQUITY BANCSHARES INC	$548,000	–	17,874	–	0.32%	–
GBNK	New	GUARANTY BANCORP DEL	$543,000	–	19,944	–	0.32%	–
INTC	New	INTEL CORP	$542,000	–	16,050	–	0.32%	–
PCSB	New	PCSB FINL CORP	$538,000	–	31,498	–	0.31%	–
TCP	New	TC PIPELINES LP	$520,000	–	9,450	–	0.30%	–
AGN	New	ALLERGAN PLC	$518,000	–	2,132	–	0.30%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$503,000	–	5,015	–	0.29%	–
FBNC	New	FIRST BANCORP N C	$489,000	–	15,655	–	0.28%	–
CPN	New	CALPINE CORP	$479,000	–	35,400	–	0.28%	–
SRE	New	SEMPRA ENERGY	$479,000	–	4,250	–	0.28%	–
SM	New	SM ENERGY CO	$463,000	–	28,000	–	0.27%	–
BCTF	New	BANCORP 34 INC	$459,000	–	32,724	–	0.27%	–
CIVB	New	CIVISTA BANCSHARES INC	$433,000	–	20,757	–	0.25%	–
IXJ	New	ISHARES TRglob hlthcre etf	$412,000	–	3,765	–	0.24%	–
XYL	New	XYLEM INC	$407,000	–	7,347	–	0.24%	–
JNJ	New	JOHNSON & JOHNSON	$407,000	–	3,075	–	0.24%	–
VZ	New	VERIZON COMMUNICATIONS INC	$397,000	–	8,885	–	0.23%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$394,000	–	4,971	–	0.23%	–
FSBK	New	FIRST SOUTH BANCORP INC VA	$391,000	–	23,631	–	0.23%	–
PTEN	New	PATTERSON UTI ENERGY INC	$384,000	–	19,000	–	0.22%	–
KO	New	COCA COLA CO	$374,000	–	8,340	–	0.22%	–
HBMD	New	HOWARD BANCORP INC	$369,000	–	19,170	–	0.22%	–
WTR	New	AQUA AMERICA INC	$368,000	–	11,056	–	0.22%	–
SLCA	New	U S SILICA HLDGS INC	$355,000	–	10,000	–	0.21%	–
ENLC	New	ENLINK MIDSTREAM LLC	$352,000	–	20,000	–	0.20%	–
BHLB	New	BERKSHIRE HILLS BANCORP INC	$345,000	–	9,806	–	0.20%	–
BPFH	New	BOSTON PRIVATE FINL HLDGS IN	$335,000	–	21,803	–	0.20%	–
PBFX	New	PBF LOGISTICS LPunit ltd ptnr	$334,000	–	17,145	–	0.20%	–
WES	New	WESTERN GAS PARTNERS LP	$330,000	–	5,900	–	0.19%	–
OLED	New	UNIVERSAL DISPLAY CORP	$328,000	–	3,000	–	0.19%	–
NI	New	NISOURCE INC	$320,000	–	12,600	–	0.19%	–
MMM	New	3M CO	$312,000	–	1,500	–	0.18%	–
ISTR	New	INVESTAR HLDG CORP	$312,000	–	13,612	–	0.18%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$308,000	–	6,235	–	0.18%	–
PRI	New	PRIMERICA INC	$303,000	–	4,000	–	0.18%	–
CTWS	New	CONNECTICUT WTR SVC INC	$299,000	–	5,376	–	0.17%	–
GLD	New	SPDR GOLD TRUST	$295,000	–	2,500	–	0.17%	–
PBNC	New	PARAGON COML CORP	$295,000	–	5,617	–	0.17%	–
ES	New	EVERSOURCE ENERGY	$294,000	–	4,850	–	0.17%	–
FNB	New	FNB CORP PA	$278,000	–	19,660	–	0.16%	–
CAKE	New	CHEESECAKE FACTORY INC	$255,000	–	5,062	–	0.15%	–
FSBC	New	FSB BANCORP INC	$246,000	–	16,679	–	0.14%	–
VNO	New	VORNADO RLTY TRsh ben int	$243,000	–	2,588	–	0.14%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$238,000	–	2,126	–	0.14%	–
IMAX	New	IMAX CORP	$231,000	–	10,500	–	0.14%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$229,000	–	8,000	–	0.13%	–
CWT	New	CALIFORNIA WTR SVC GROUP	$225,000	–	6,110	–	0.13%	–
MSEX	New	MIDDLESEX WATER CO	$208,000	–	5,265	–	0.12%	–
AOS	New	SMITH A O	$206,000	–	3,657	–	0.12%	–
GWRS	New	GLOBAL WTR RES INC	$175,000	–	17,659	–	0.10%	–
WNEB	New	WESTERN NEW ENG BANCORP INC	$138,000	–	13,608	–	0.08%	–
NBR	New	NABORS INDUSTRIES LTD	$136,000	–	16,700	–	0.08%	–
CCIHY	New	CHINACACHE INTL HLDG LTDsponsored adr	$133,000	–	115,083	–	0.08%	–
SFUN	New	FANG HLDGS LTDadr	$37,000	–	10,000	–	0.02%	–
AMD	New	ADVANCED MICRO DEVICES INC	$0	–	10,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
CASC	Exit	CASCADIAN THERAPEUTICS INC	$0	–	-11,000	–	-0.01%	–
SFUN	Exit	FANG HLDGS LTDadr	$0	–	-10,000	–	-0.02%	–
FSBC	Exit	FSB BANCORP INC	$0	–	-16,369	–	-0.08%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-8,000	–	-0.08%	–
PRI	Exit	PRIMERICA INC	$0	–	-4,000	–	-0.08%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-2,130	–	-0.09%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-5,062	–	-0.10%	–
PSTB	Exit	PARK STERLING CORP	$0	–	-32,116	–	-0.10%	–
VNO	Exit	VORNADO RLTY TRsh ben int	$0	–	-2,588	–	-0.10%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-4,850	–	-0.10%	–
MMM	Exit	3M CO	$0	–	-1,500	–	-0.10%	–
PBNC	Exit	PARAGON COML CORP	$0	–	-7,400	–	-0.11%	–
CWCO	Exit	CONSOLIDATED WATER CO INCord	$0	–	-23,000	–	-0.11%	–
BPFH	Exit	BOSTON PRIVATE FINL HLDGS IN	$0	–	-21,035	–	-0.11%	–
ITC	Exit	ITC HLDGS CORP	$0	–	-5,850	–	-0.11%	–
STBZ	Exit	STATE BK FINL CORP	$0	–	-12,437	–	-0.11%	–
IMAX	Exit	IMAX CORP	$0	–	-10,500	–	-0.12%	–
NI	Exit	NISOURCE INC	$0	–	-12,600	–	-0.12%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,500	–	-0.12%	–
CARO	Exit	CAROLINA FINL CORP NEW	$0	–	-13,949	–	-0.12%	–
SBCF	Exit	SEACOAST BKG CORP FLA	$0	–	-19,608	–	-0.13%	–
NSH	Exit	NUSTAR GP HOLDINGS LLCunit restg llc	$0	–	-12,658	–	-0.13%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-5,900	–	-0.13%	–
SLCT	Exit	SELECT BANCORP INC NEW	$0	–	-41,927	–	-0.13%	–
KO	Exit	COCA COLA CO	$0	–	-8,125	–	-0.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,075	–	-0.14%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-3,765	–	-0.15%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-20,400	–	-0.16%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-8,140	–	-0.16%	–
CCIHY	Exit	CHINACACHE INTL HLDG LTDspon adr	$0	–	-105,083	–	-0.16%	–
FFWM	Exit	FIRST FNDTN INC	$0	–	-17,545	–	-0.17%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-8,765	–	-0.18%	–
EQBK	Exit	EQUITY BANCSHARES INC	$0	–	-17,572	–	-0.18%	–
ACBI	Exit	ATLANTIC CAP BANCSHARES INC	$0	–	-30,774	–	-0.18%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-4,310	–	-0.18%	–
BLMT	Exit	BSB BANCORP INC MD	$0	–	-20,417	–	-0.19%	–
TCP	Exit	TC PIPELINES LP	$0	–	-8,450	–	-0.19%	–
WFBI	Exit	WASHINGTONFIRST BANKSHARES I	$0	–	-19,607	–	-0.19%	–
MET	Exit	METLIFE INC	$0	–	-10,900	–	-0.19%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-13,890	–	-0.20%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-7,000	–	-0.21%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-1,958	–	-0.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,580	–	-0.24%	–
INTC	Exit	INTEL CORP	$0	–	-17,550	–	-0.26%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-15,640	–	-0.27%	–
CMI	Exit	CUMMINS INC	$0	–	-5,405	–	-0.28%	–
DCP	Exit	DCP MIDSTREAM PARTNERS LP	$0	–	-21,190	–	-0.30%	–
SHBI	Exit	SHORE BANCSHARES INC	$0	–	-63,750	–	-0.30%	–
FBK	Exit	FB FINL CORP	$0	–	-37,561	–	-0.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,405	–	-0.31%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-16,000	–	-0.31%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,940	–	-0.31%	–
HTBI	Exit	HOMETRUST BANCSHARES INC	$0	–	-42,467	–	-0.31%	–
CSX	Exit	CSX CORP	$0	–	-26,200	–	-0.32%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-12,135	–	-0.32%	–
WPZ	Exit	WILLIAMS PARTNERS L P NEW	$0	–	-21,657	–	-0.32%	–
FCCO	Exit	FIRST CMNTY CORP S C	$0	–	-53,533	–	-0.34%	–
SFST	Exit	SOUTHERN FIRST BANCSHARES IN	$0	–	-31,465	–	-0.35%	–
ASBB	Exit	ASB BANCORP INC N C	$0	–	-33,956	–	-0.36%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-9,955	–	-0.36%	–
SONA	Exit	SOUTHERN NATL BANCORP OF VA	$0	–	-70,972	–	-0.37%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-21,450	–	-0.38%	–
ACFC	Exit	ATLANTIC COAST FINL CORP	$0	–	-158,121	–	-0.40%	–
TGT	Exit	TARGET CORP	$0	–	-15,055	–	-0.41%	–
MTZ	Exit	MASTEC INC	$0	–	-31,180	–	-0.44%	–
DIS	Exit	DISNEY WALT CO	$0	–	-12,205	–	-0.45%	–
UNTY	Exit	UNITY BANCORP INC	$0	–	-89,317	–	-0.46%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-57,917	–	-0.46%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,500	–	-0.47%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-12,800	–	-0.48%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP I	$0	–	-150,815	–	-0.49%	–
DYN	Exit	DYNEGY INC NEW DEL	$0	–	-99,000	–	-0.49%	–
PBFX	Exit	PBF LOGISTICS LPunit ltd ptnr	$0	–	-65,655	–	-0.52%	–
RES	Exit	RPC INC	$0	–	-80,750	–	-0.54%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-26,000	–	-0.56%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,799	–	-0.56%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-14,185	–	-0.58%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-17,030	–	-0.59%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-20,000	–	-0.59%	–
KEX	Exit	KIRBY CORP	$0	–	-24,000	–	-0.60%	–
AGN	Exit	ALLERGAN PLC	$0	–	-6,495	–	-0.60%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,809	–	-0.60%	–
BA	Exit	BOEING CO	$0	–	-10,296	–	-0.61%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-56,450	–	-0.64%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-76,000	–	-0.68%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-57,555	–	-0.68%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-150,000	–	-0.73%	–
YDKN	Exit	YADKIN FINL CORP	$0	–	-70,164	–	-0.74%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,089	–	-0.76%	–
AAPL	Exit	APPLE INC	$0	–	-17,981	–	-0.81%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-41,000	–	-0.83%	–
HD	Exit	HOME DEPOT INC	$0	–	-16,572	–	-0.85%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-12,085	–	-0.90%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-20,300	–	-0.91%	–
TLLP	Exit	TESORO LOGISTICS LP	$0	–	-48,793	–	-0.94%	–
ILMN	Exit	ILLUMINA INC	$0	–	-16,067	–	-1.02%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-37,739	–	-1.07%	–
CVA	Exit	COVANTA HLDG CORP	$0	–	-177,100	–	-1.09%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-36,820	–	-1.09%	–
BNCN	Exit	BNC BANCORP	$0	–	-112,598	–	-1.09%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-240,000	–	-1.10%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-36,000	–	-1.16%	–
RICE	Exit	RICE ENERGY INC	$0	–	-117,500	–	-1.22%	–
EQT	Exit	EQT CORP	$0	–	-44,280	–	-1.28%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-52,850	–	-1.34%	–
SXL	Exit	SUNOCO LOGISTICS PRTNRS L P	$0	–	-121,840	–	-1.38%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-183,726	–	-1.41%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-46,124	–	-1.45%	–
OKE	Exit	ONEOK INC NEW	$0	–	-72,753	–	-1.49%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-33,285	–	-1.55%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-90,725	–	-1.58%	–
CPN	Exit	CALPINE CORP	$0	–	-353,180	–	-1.76%	–
SMLP	Exit	SUMMIT MIDSTREAM PARTNERS LP	$0	–	-194,360	–	-1.80%	–
DOW	Exit	DOW CHEM CO	$0	–	-89,005	–	-1.84%	–
PSX	Exit	PHILLIPS 66	$0	–	-58,010	–	-1.86%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-171,553	–	-1.89%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-39,695	–	-1.94%	–
AMID	Exit	AMERICAN MIDSTREAM PARTNERS	$0	–	-326,965	–	-1.96%	–
MPLX	Exit	MPLX LP	$0	–	-147,266	–	-1.99%	–
HAL	Exit	HALLIBURTON CO	$0	–	-114,122	–	-2.06%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-130,275	–	-2.21%	–
SUN	Exit	SUNOCO LP	$0	–	-199,125	–	-2.25%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-184,559	–	-2.62%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-191,300	–	-2.84%	–
TRGP	Exit	TARGA RES CORP	$0	–	-150,489	–	-2.97%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-630,958	–	-4.35%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-408,147	–	-5.02%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-162,166	–	-8.02%	–

Q3 2016

			Value		Shares		↓ Weighting
HXL	New	HEXCEL CORP NEW	$20,086,000	–	162,166	–	8.02%	–
WMB	New	WILLIAMS COS INC DEL	$12,585,000	–	408,147	–	5.02%	–
ET	New	ENERGY TRANSFER EQUITY L P	$10,909,000	–	630,958	–	4.35%	–
TRGP	New	TARGA RES CORP	$7,435,000	–	150,489	–	2.97%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$7,114,000	–	191,300	–	2.84%	–
SEMG	New	SEMGROUP CORPcl a	$6,559,000	–	184,559	–	2.62%	–
SUN	New	SUNOCO LP	$5,646,000	–	199,125	–	2.25%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$5,535,000	–	130,275	–	2.21%	–
HAL	New	HALLIBURTON CO	$5,175,000	–	114,122	–	2.06%	–
MPLX	New	MPLX LP	$4,984,000	–	147,266	–	1.99%	–
AMID	New	AMERICAN MIDSTREAM PARTNERS	$4,914,000	–	326,965	–	1.96%	–
NEE	New	NEXTERA ENERGY INC	$4,855,000	–	39,695	–	1.94%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$4,728,000	–	171,553	–	1.89%	–
PSX	New	PHILLIPS 66	$4,672,000	–	58,010	–	1.86%	–
DOW	New	DOW CHEM CO	$4,613,000	–	89,005	–	1.84%	–
SMLP	New	SUMMIT MIDSTREAM PARTNERS LP	$4,509,000	–	194,360	–	1.80%	–
CPN	New	CALPINE CORP	$4,403,000	–	353,180	–	1.76%	–
LNG	New	CHENIERE ENERGY INC	$3,956,000	–	90,725	–	1.58%	–
HON	New	HONEYWELL INTL INC	$3,881,000	–	33,285	–	1.55%	–
OKE	New	ONEOK INC NEW	$3,739,000	–	72,753	–	1.49%	–
SLB	New	SCHLUMBERGER LTD	$3,627,000	–	46,124	–	1.45%	–
NGL	New	NGL ENERGY PARTNERS LP	$3,534,000	–	183,726	–	1.41%	–
SXL	New	SUNOCO LOGISTICS PRTNRS L P	$3,461,000	–	121,840	–	1.38%	–
APC	New	ANADARKO PETE CORP	$3,349,000	–	52,850	–	1.34%	–
EQT	New	EQT CORP	$3,216,000	–	44,280	–	1.28%	–
RICE	New	RICE ENERGY INC	$3,068,000	–	117,500	–	1.22%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$2,904,000	–	36,000	–	1.16%	–
OASPQ	New	OASIS PETE INC NEW	$2,753,000	–	240,000	–	1.10%	–
BNCN	New	BNC BANCORP	$2,738,000	–	112,598	–	1.09%	–
CL	New	COLGATE PALMOLIVE CO	$2,730,000	–	36,820	–	1.09%	–
CVA	New	COVANTA HLDG CORP	$2,727,000	–	177,100	–	1.09%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$2,670,000	–	37,739	–	1.07%	–
ILMN	New	ILLUMINA INC	$2,566,000	–	16,067	–	1.02%	–
TLLP	New	TESORO LOGISTICS LP	$2,363,000	–	48,793	–	0.94%	–
CLB	New	CORE LABORATORIES N V	$2,280,000	–	20,300	–	0.91%	–
PXD	New	PIONEER NAT RES CO	$2,244,000	–	12,085	–	0.90%	–
HD	New	HOME DEPOT INC	$2,132,000	–	16,572	–	0.85%	–
BHI	New	BAKER HUGHES INC	$2,069,000	–	41,000	–	0.83%	–
AAPL	New	APPLE INC	$2,033,000	–	17,981	–	0.81%	–
MDT	New	MEDTRONIC PLC	$1,908,000	–	22,089	–	0.76%	–
YDKN	New	YADKIN FINL CORP	$1,845,000	–	70,164	–	0.74%	–
NBR	New	NABORS INDUSTRIES LTD	$1,824,000	–	150,000	–	0.73%	–
GE	New	GENERAL ELECTRIC CO	$1,705,000	–	57,555	–	0.68%	–
PTEN	New	PATTERSON UTI ENERGY INC	$1,700,000	–	76,000	–	0.68%	–
CBI	New	CHICAGO BRIDGE & IRON CO N V	$1,609,000	–	56,450	–	0.64%	–
BA	New	BOEING CO	$1,536,000	–	10,296	–	0.61%	–
AMZN	New	AMAZON COM INC	$1,515,000	–	1,809	–	0.60%	–
AGN	New	ALLERGAN PLC	$1,496,000	–	6,495	–	0.60%	–
KEX	New	KIRBY CORP	$1,492,000	–	24,000	–	0.60%	–
D	New	DOMINION RES INC VA NEW	$1,485,000	–	20,000	–	0.59%	–
CVS	New	CVS HEALTH CORP	$1,482,000	–	17,030	–	0.59%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,442,000	–	14,185	–	0.58%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,398,000	–	1,799	–	0.56%	–
WLK	New	WESTLAKE CHEM CORP	$1,391,000	–	26,000	–	0.56%	–
RES	New	RPC INC	$1,357,000	–	80,750	–	0.54%	–
PBFX	New	PBF LOGISTICS LPunit ltd ptnr	$1,301,000	–	65,655	–	0.52%	–
DYN	New	DYNEGY INC NEW DEL	$1,227,000	–	99,000	–	0.49%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$1,226,000	–	150,815	–	0.49%	–
KSU	New	KANSAS CITY SOUTHERN	$1,194,000	–	12,800	–	0.48%	–
ABBV	New	ABBVIE INC	$1,167,000	–	18,500	–	0.47%	–
TBK	New	TRIUMPH BANCORP INC	$1,149,000	–	57,917	–	0.46%	–
UNTY	New	UNITY BANCORP INC	$1,145,000	–	89,317	–	0.46%	–
DIS	New	DISNEY WALT CO	$1,133,000	–	12,205	–	0.45%	–
MTZ	New	MASTEC INC	$1,099,000	–	31,180	–	0.44%	–
TGT	New	TARGET CORP	$1,034,000	–	15,055	–	0.41%	–
ACFC	New	ATLANTIC COAST FINL CORP	$1,001,000	–	158,121	–	0.40%	–
WFC	New	WELLS FARGO & CO NEW	$950,000	–	21,450	–	0.38%	–
SONA	New	SOUTHERN NATL BANCORP OF VA	$926,000	–	70,972	–	0.37%	–
ASBB	New	ASB BANCORP INC N C	$891,000	–	33,956	–	0.36%	–
PG	New	PROCTER AND GAMBLE CO	$893,000	–	9,955	–	0.36%	–
SFST	New	SOUTHERN FIRST BANCSHARES IN	$868,000	–	31,465	–	0.35%	–
FCCO	New	FIRST CMNTY CORP S C	$843,000	–	53,533	–	0.34%	–
JPM	New	JPMORGAN CHASE & CO	$808,000	–	12,135	–	0.32%	–
WPZ	New	WILLIAMS PARTNERS L P NEW	$806,000	–	21,657	–	0.32%	–
CSX	New	CSX CORP	$799,000	–	26,200	–	0.32%	–
HTBI	New	HOMETRUST BANCSHARES INC	$786,000	–	42,467	–	0.31%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$785,000	–	4,940	–	0.31%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$784,000	–	16,000	–	0.31%	–
ABT	New	ABBOTT LABS	$778,000	–	18,405	–	0.31%	–
FBK	New	FB FINL CORP	$758,000	–	37,561	–	0.30%	–
SHBI	New	SHORE BANCSHARES INC	$751,000	–	63,750	–	0.30%	–
DCP	New	DCP MIDSTREAM PARTNERS LP	$749,000	–	21,190	–	0.30%	–
CMI	New	CUMMINS INC	$693,000	–	5,405	–	0.28%	–
SE	New	SPECTRA ENERGY CORP	$669,000	–	15,640	–	0.27%	–
INTC	New	INTEL CORP	$654,000	–	17,550	–	0.26%	–
MSFT	New	MICROSOFT CORP	$609,000	–	10,580	–	0.24%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$527,000	–	1,958	–	0.21%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$524,000	–	7,000	–	0.21%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$514,000	–	13,890	–	0.20%	–
MET	New	METLIFE INC	$485,000	–	10,900	–	0.19%	–
WFBI	New	WASHINGTONFIRST BANKSHARES I	$483,000	–	19,607	–	0.19%	–
TCP	New	TC PIPELINES LP	$482,000	–	8,450	–	0.19%	–
BLMT	New	BSB BANCORP INC MD	$478,000	–	20,417	–	0.19%	–
ACBI	New	ATLANTIC CAP BANCSHARES INC	$461,000	–	30,774	–	0.18%	–
SRE	New	SEMPRA ENERGY	$462,000	–	4,310	–	0.18%	–
VZ	New	VERIZON COMMUNICATIONS INC	$456,000	–	8,765	–	0.18%	–
EQBK	New	EQUITY BANCSHARES INC	$456,000	–	17,572	–	0.18%	–
FFWM	New	FIRST FNDTN INC	$433,000	–	17,545	–	0.17%	–
CCIHY	New	CHINACACHE INTL HLDG LTDspon adr	$405,000	–	105,083	–	0.16%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$396,000	–	8,140	–	0.16%	–
ENLC	New	ENLINK MIDSTREAM LLC	$389,000	–	20,400	–	0.16%	–
IXJ	New	ISHARES TRglob hlthcre etf	$379,000	–	3,765	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON	$363,000	–	3,075	–	0.14%	–
KO	New	COCA COLA CO	$344,000	–	8,125	–	0.14%	–
SLCT	New	SELECT BANCORP INC NEW	$335,000	–	41,927	–	0.13%	–
WES	New	WESTERN GAS PARTNERS LP	$325,000	–	5,900	–	0.13%	–
NSH	New	NUSTAR GP HOLDINGS LLCunit restg llc	$324,000	–	12,658	–	0.13%	–
SBCF	New	SEACOAST BKG CORP FLA	$315,000	–	19,608	–	0.13%	–
GLD	New	SPDR GOLD TRUST	$314,000	–	2,500	–	0.12%	–
CARO	New	CAROLINA FINL CORP NEW	$312,000	–	13,949	–	0.12%	–
IMAX	New	IMAX CORP	$304,000	–	10,500	–	0.12%	–
NI	New	NISOURCE INC	$304,000	–	12,600	–	0.12%	–
STBZ	New	STATE BK FINL CORP	$284,000	–	12,437	–	0.11%	–
ITC	New	ITC HLDGS CORP	$272,000	–	5,850	–	0.11%	–
BPFH	New	BOSTON PRIVATE FINL HLDGS IN	$270,000	–	21,035	–	0.11%	–
CWCO	New	CONSOLIDATED WATER CO INCord	$267,000	–	23,000	–	0.11%	–
PBNC	New	PARAGON COML CORP	$268,000	–	7,400	–	0.11%	–
MMM	New	3M CO	$264,000	–	1,500	–	0.10%	–
ES	New	EVERSOURCE ENERGY	$263,000	–	4,850	–	0.10%	–
VNO	New	VORNADO RLTY TRsh ben int	$262,000	–	2,588	–	0.10%	–
PSTB	New	PARK STERLING CORP	$261,000	–	32,116	–	0.10%	–
CAKE	New	CHEESECAKE FACTORY INC	$253,000	–	5,062	–	0.10%	–
TARO	New	TARO PHARMACEUTICAL INDS LTD	$235,000	–	2,130	–	0.09%	–
PRI	New	PRIMERICA INC	$212,000	–	4,000	–	0.08%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$209,000	–	8,000	–	0.08%	–
FSBC	New	FSB BANCORP INC	$205,000	–	16,369	–	0.08%	–
SFUN	New	FANG HLDGS LTDadr	$45,000	–	10,000	–	0.02%	–
CASC	New	CASCADIAN THERAPEUTICS INC	$18,000	–	11,000	–	0.01%	–

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