Polianta Ltd Activity Q4 2016-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF Trustetp	$13,251	–	31,000	–	6.54%	–
EZU	Sell	iShares MSCI Eurozone ETFetp	$12,997	-8.9%	307,700	-1.1%	6.41%	-3.1%
EWL	Sell	iShares MSCI Switzerland ETFetp	$12,909	-8.7%	296,300	-3.1%	6.37%	-2.9%
VWO	Sell	Vanguard FTSE Emerging Marketsetp	$9,484	-5.3%	241,900	-1.7%	4.68%	+0.8%
VDE	Sell	Vanguard Energy ETFetp	$8,364	-2.5%	66,000	-13.2%	4.13%	+3.7%
VFH	New	Vanguard Financials ETFetp	$8,192	–	102,000	–	4.04%	–
XLI	New	Industrial Select Sector SPDRetp	$7,948	–	78,400	–	3.92%	–
IWD	Sell	iShares Russell 1000 Value ETFetp	$7,909	-8.6%	52,100	-4.9%	3.90%	-2.7%
OEF	Sell	iShares S&P 100 ETFetp	$7,865	-9.1%	39,200	-6.2%	3.88%	-3.4%
EZA	Buy	iShares MSCI South Africa ETFetp	$7,384	-5.0%	196,300	+0.5%	3.64%	+1.0%
EWY	New	iShares MSCI South Korea ETFetp	$7,013	–	119,000	–	3.46%	–
VST	New	Vistra Corp	$1,201	–	36,200	–	0.59%	–
SIRI	New	Sirius XM Holdings Inc	$1,186	–	262,400	–	0.58%	–
SMCI	New	Super Micro Computer Inc	$1,179	–	4,300	–	0.58%	–
VRT	New	Vertiv Holdings Co	$1,156	–	31,100	–	0.57%	–
	Sell	Aspen Technology Inc	$1,123	+3.1%	5,500	-15.4%	0.55%	+9.7%
CTLT	New	Catalent Inc	$1,120	–	24,600	–	0.55%	–
FCNCA	New	First Citizens BancShares Inc/	$1,104	–	800	–	0.54%	–
UNM	Sell	Unum Group	$1,072	+2.7%	21,800	-0.5%	0.53%	+9.3%
	Sell	Grab Holdings Ltd	$1,068	-0.3%	301,800	-3.4%	0.53%	+6.0%
EQT	New	EQT Corp	$1,067	–	26,300	–	0.53%	–
VTRS	Sell	Viatris Inc	$1,063	-5.3%	107,900	-4.2%	0.52%	+0.6%
FTNT	New	Fortinet Inc	$1,056	–	18,000	–	0.52%	–
TWLO	New	Twilio Inc	$1,053	–	18,000	–	0.52%	–
F	New	Ford Motor Co	$1,049	–	84,500	–	0.52%	–
TSN	Buy	Tyson Foods Inc	$1,050	+4.0%	20,800	+5.1%	0.52%	+10.4%
DFS	New	Discover Financial Services	$1,048	–	12,100	–	0.52%	–
	New	HF Sinclair Corp	$1,047	–	18,400	–	0.52%	–
ATO	New	Atmos Energy Corp	$1,048	–	9,900	–	0.52%	–
CELH	Sell	Celsius Holdings Inc	$1,046	-2.6%	6,100	-15.3%	0.52%	+3.6%
ILMN	New	Illumina Inc	$1,043	–	7,600	–	0.52%	–
LEN	New	Lennar Corp	$1,032	–	9,200	–	0.51%	–
VIAC	Buy	Paramount Global	$1,025	+4.6%	79,500	+29.1%	0.51%	+11.2%
APP	Sell	AppLovin Corp	$1,026	-15.8%	25,700	-45.8%	0.51%	-10.4%
	Buy	Warner Bros Discovery Inc	$1,024	-6.3%	94,300	+8.1%	0.50%	-0.4%
NUE	Sell	Nucor Corp	$1,016	-13.9%	6,500	-9.7%	0.50%	-8.4%
AR	New	Antero Resources Corp	$1,015	–	40,000	–	0.50%	–
RTX	New	RTX Corp	$1,014	–	14,100	–	0.50%	–
EVRG	Buy	Evergy Inc	$1,008	-1.9%	19,900	+13.1%	0.50%	+4.2%
MRVL	New	Marvell Technology Inc	$1,006	–	18,600	–	0.50%	–
ALB	New	Albemarle Corp	$1,003	–	5,900	–	0.50%	–
MOS	Sell	Mosaic Co/The	$1,003	-9.0%	28,200	-10.5%	0.50%	-3.1%
TOL	New	Toll Brothers Inc	$998	–	13,500	–	0.49%	–
KNX	Buy	Knight-Swift Transportation Ho	$997	+3.7%	19,900	+15.0%	0.49%	+10.3%
C	Buy	Citigroup Inc	$987	+0.7%	24,000	+12.7%	0.49%	+7.0%
ALGN	New	Align Technology Inc	$977	–	3,200	–	0.48%	–
DAR	Buy	Darling Ingredients Inc	$970	-7.8%	18,600	+12.7%	0.48%	-1.8%
FSLR	Buy	First Solar Inc	$969	-8.9%	6,000	+7.1%	0.48%	-3.2%
BIO	New	Bio-Rad Laboratories Inc	$967	–	2,700	–	0.48%	–
WBA	New	Walgreens Boots Alliance Inc	$934	–	42,000	–	0.46%	–
DLTR	New	Dollar Tree Inc	$926	–	8,700	–	0.46%	–
EXAS	New	Exact Sciences Corp	$920	–	13,500	–	0.45%	–
BLDR	Sell	Builders FirstSource Inc	$896	-22.5%	7,200	-15.3%	0.44%	-17.5%
DOCU	New	DocuSign Inc	$894	–	21,300	–	0.44%	–
JLL	New	Jones Lang LaSalle Inc	$875	–	6,200	–	0.43%	–
U	New	Unity Software Inc	$831	–	26,500	–	0.41%	–
UAL	New	United Airlines Holdings Inc	$824	–	19,500	–	0.41%	–
SRPT	Exit	Sarepta Therapeutics Inc	$0	–	-7,900	–	-0.42%	–
ZM	Exit	Zoom Video Communications Inc	$0	–	-14,000	–	-0.44%	–
ETR	Exit	Entergy Corp	$0	–	-9,800	–	-0.44%	–
ES	Exit	Eversource Energy	$0	–	-13,900	–	-0.46%	–
ENPH	Exit	Enphase Energy Inc	$0	–	-6,000	–	-0.47%	–
CNC	Exit	Centene Corp	$0	–	-15,000	–	-0.47%	–
OKTA	Exit	Okta Inc	$0	–	-14,700	–	-0.47%	–
KHC	Exit	Kraft Heinz Co/The	$0	–	-29,100	–	-0.48%	–
ALLY	Exit	Ally Financial Inc	$0	–	-38,300	–	-0.48%	–
BG	Exit	Bunge Ltd	$0	–	-11,000	–	-0.48%	–
AMD	Exit	Advanced Micro Devices Inc	$0	–	-9,200	–	-0.49%	–
TXT	Exit	Textron Inc	$0	–	-15,600	–	-0.49%	–
WMS	Exit	Advanced Drainage Systems Inc	$0	–	-9,300	–	-0.49%	–
PFG	Exit	Principal Financial Group Inc	$0	–	-14,000	–	-0.49%	–
MRNA	Exit	Moderna Inc	$0	–	-8,800	–	-0.50%	–
KMX	Exit	CarMax Inc	$0	–	-12,800	–	-0.50%	–
CHRW	Exit	CH Robinson Worldwide Inc	$0	–	-11,400	–	-0.50%	–
STLA	Exit	Stellantis NV	$0	–	-61,500	–	-0.50%	–
TAP	Exit	Molson Coors Beverage Co	$0	–	-16,500	–	-0.50%	–
TTD	Exit	Trade Desk Inc/The	$0	–	-14,300	–	-0.51%	–
AES	Exit	AES Corp/The	$0	–	-53,300	–	-0.51%	–
RBLX	Exit	ROBLOX Corp	$0	–	-27,500	–	-0.51%	–
ANTM	Exit	Elevance Health Inc	$0	–	-2,500	–	-0.52%	–
EL	Exit	Estee Lauder Cos Inc/The	$0	–	-5,700	–	-0.52%	–
WRK	Exit	Westrock Co	$0	–	-38,700	–	-0.52%	–
VLO	Exit	Valero Energy Corp	$0	–	-9,600	–	-0.52%	–
LDOS	Exit	Leidos Holdings Inc	$0	–	-13,100	–	-0.54%	–
URI	Exit	United Rentals Inc	$0	–	-3,100	–	-0.64%	–
FXI	Exit	iShares China Large-Cap ETFetp	$0	–	-270,700	–	-3.41%	–
VCR	Exit	Vanguard Consumer Discretionaretp	$0	–	-31,600	–	-4.15%	–
XLK	Exit	Technology Select Sector SPDRetp	$0	–	-51,800	–	-4.18%	–
EWU	Exit	iShares MSCI United Kingdom ETetp	$0	–	-433,400	–	-6.50%	–

Q2 2023

			Value		Shares		↓ Weighting
EZU	New	iShares MSCI Eurozone ETFetp	$14,259	–	311,200	–	6.61%	–
EWL	New	iShares MSCI Switzerland ETFetp	$14,135	–	305,900	–	6.56%	–
EWU	New	iShares MSCI United Kingdom ETetp	$14,020	–	433,400	–	6.50%	–
FIW	New	First Trust Water ETFetp	$12,745	–	143,900	–	5.91%	–
PHO	New	Invesco Water Resources ETFetp	$12,496	–	221,600	–	5.80%	–
CGW	New	Invesco S&P Global Water Indexetp	$11,094	–	215,800	–	5.15%	–
VWO	New	Vanguard FTSE Emerging Marketsetp	$10,011	–	246,100	–	4.64%	–
XLK	New	Technology Select Sector SPDRetp	$9,005	–	51,800	–	4.18%	–
VCR	New	Vanguard Consumer Discretionaretp	$8,949	–	31,600	–	4.15%	–
IVE	New	iShares S&P 500 Value ETFetp	$8,672	–	53,800	–	4.02%	–
OEF	New	iShares S&P 100 ETFetp	$8,655	–	41,800	–	4.02%	–
IWD	New	iShares Russell 1000 Value ETFetp	$8,649	–	54,800	–	4.01%	–
VDE	New	Vanguard Energy ETFetp	$8,579	–	76,000	–	3.98%	–
EZA	New	iShares MSCI South Africa ETFetp	$7,773	–	195,400	–	3.61%	–
FXI	New	iShares China Large-Cap ETFetp	$7,360	–	270,700	–	3.41%	–
URI	New	United Rentals Inc	$1,380	–	3,100	–	0.64%	–
WCC	New	WESCO International Inc	$1,235	–	6,900	–	0.57%	–
APP	New	AppLovin Corp	$1,219	–	47,400	–	0.56%	–
GM	New	General Motors Co	$1,203	–	31,200	–	0.56%	–
NUE	New	Nucor Corp	$1,180	–	7,200	–	0.55%	–
LDOS	New	Leidos Holdings Inc	$1,159	–	13,100	–	0.54%	–
BLDR	New	Builders FirstSource Inc	$1,156	–	8,500	–	0.54%	–
AER	New	AerCap Holdings NV	$1,143	–	18,000	–	0.53%	–
VLO	New	Valero Energy Corp	$1,126	–	9,600	–	0.52%	–
WRK	New	Westrock Co	$1,125	–	38,700	–	0.52%	–
VTRS	New	Viatris Inc	$1,123	–	112,600	–	0.52%	–
EL	New	Estee Lauder Cos Inc/The	$1,119	–	5,700	–	0.52%	–
AGCO	New	AGCO Corp	$1,117	–	8,500	–	0.52%	–
ANTM	New	Elevance Health Inc	$1,110	–	2,500	–	0.52%	–
RBLX	New	ROBLOX Corp	$1,108	–	27,500	–	0.51%	–
TTD	New	Trade Desk Inc/The	$1,104	–	14,300	–	0.51%	–
AES	New	AES Corp/The	$1,104	–	53,300	–	0.51%	–
MOS	New	Mosaic Co/The	$1,102	–	31,500	–	0.51%	–
CVS	New	CVS Health Corp	$1,092	–	15,800	–	0.51%	–
	New	Warner Bros Discovery Inc	$1,093	–	87,200	–	0.51%	–
	New	Aspen Technology Inc	$1,089	–	6,500	–	0.50%	–
TAP	New	Molson Coors Beverage Co	$1,086	–	16,500	–	0.50%	–
SYF	New	Synchrony Financial	$1,082	–	31,900	–	0.50%	–
CLF	New	Cleveland-Cliffs Inc	$1,079	–	64,400	–	0.50%	–
STLA	New	Stellantis NV	$1,078	–	61,500	–	0.50%	–
CHRW	New	CH Robinson Worldwide Inc	$1,075	–	11,400	–	0.50%	–
CELH	New	Celsius Holdings Inc	$1,074	–	7,200	–	0.50%	–
HUM	New	Humana Inc	$1,073	–	2,400	–	0.50%	–
	New	Grab Holdings Ltd	$1,071	–	312,500	–	0.50%	–
KMX	New	CarMax Inc	$1,071	–	12,800	–	0.50%	–
MRNA	New	Moderna Inc	$1,069	–	8,800	–	0.50%	–
STLD	New	Steel Dynamics Inc	$1,067	–	9,800	–	0.50%	–
FSLR	New	First Solar Inc	$1,064	–	5,600	–	0.49%	–
PFG	New	Principal Financial Group Inc	$1,061	–	14,000	–	0.49%	–
WMS	New	Advanced Drainage Systems Inc	$1,058	–	9,300	–	0.49%	–
TXT	New	Textron Inc	$1,055	–	15,600	–	0.49%	–
DAR	New	Darling Ingredients Inc	$1,052	–	16,500	–	0.49%	–
AMD	New	Advanced Micro Devices Inc	$1,047	–	9,200	–	0.49%	–
UNM	New	Unum Group	$1,044	–	21,900	–	0.48%	–
BG	New	Bunge Ltd	$1,037	–	11,000	–	0.48%	–
ALLY	New	Ally Financial Inc	$1,034	–	38,300	–	0.48%	–
KHC	New	Kraft Heinz Co/The	$1,033	–	29,100	–	0.48%	–
EVRG	New	Evergy Inc	$1,028	–	17,600	–	0.48%	–
OKTA	New	Okta Inc	$1,019	–	14,700	–	0.47%	–
CNC	New	Centene Corp	$1,011	–	15,000	–	0.47%	–
TSN	New	Tyson Foods Inc	$1,010	–	19,800	–	0.47%	–
ENPH	New	Enphase Energy Inc	$1,004	–	6,000	–	0.47%	–
LBTYA	New	Liberty Global PLC	$991	–	58,800	–	0.46%	–
ES	New	Eversource Energy	$985	–	13,900	–	0.46%	–
VIAC	New	Paramount Global	$980	–	61,600	–	0.46%	–
C	New	Citigroup Inc	$980	–	21,300	–	0.46%	–
KNX	New	Knight-Swift Transportation Ho	$961	–	17,300	–	0.45%	–
ETR	New	Entergy Corp	$954	–	9,800	–	0.44%	–
ZM	New	Zoom Video Communications Inc	$950	–	14,000	–	0.44%	–
SRPT	New	Sarepta Therapeutics Inc	$904	–	7,900	–	0.42%	–
RSX	New	VanEck Russia ETFetp	$0	–	230,500	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
RSX	Exit	VanEck Russia ETFetp	$0	–	-230,500	–	-0.00%	–
DASH	Exit	DoorDash Inc	$0	–	-9,500	–	-0.38%	–
ZIM	Exit	ZIM Integrated Shipping Servic	$0	–	-20,100	–	-0.39%	–
WDC	Exit	Western Digital Corp	$0	–	-15,100	–	-0.40%	–
BEAM	Exit	Beam Therapeutics Inc	$0	–	-10,800	–	-0.42%	–
AA	Exit	Alcoa Corp	$0	–	-15,400	–	-0.42%	–
DISH	Exit	DISH Network Corp	$0	–	-37,500	–	-0.42%	–
PVH	Exit	PVH Corp	$0	–	-11,900	–	-0.44%	–
WRK	Exit	Westrock Co	$0	–	-17,500	–	-0.44%	–
AFRM	Exit	Affirm Holdings Inc	$0	–	-28,900	–	-0.44%	–
UAA	Exit	Under Armour Inc	$0	–	-81,700	–	-0.44%	–
CLF	Exit	Cleveland-Cliffs Inc	$0	–	-40,800	–	-0.45%	–
CPE	Exit	Callon Petroleum Co	$0	–	-16,000	–	-0.46%	–
MOS	Exit	Mosaic Co/The	$0	–	-11,600	–	-0.46%	–
	Exit	Grab Holdings Ltd	$0	–	-214,000	–	-0.46%	–
	Exit	On Holding AG	$0	–	-35,300	–	-0.46%	–
	Exit	Coherent Corp	$0	–	-16,400	–	-0.47%	–
OMF	Exit	OneMain Holdings Inc	$0	–	-19,400	–	-0.47%	–
COTY	Exit	Coty Inc	$0	–	-92,100	–	-0.48%	–
MU	Exit	Micron Technology Inc	$0	–	-11,600	–	-0.48%	–
TDOC	Exit	Teladoc Health Inc	$0	–	-23,100	–	-0.48%	–
JBLU	Exit	JetBlue Airways Corp	$0	–	-88,700	–	-0.48%	–
RKT	Exit	Rocket Cos Inc	$0	–	-92,900	–	-0.48%	–
CLVT	Exit	Clarivate PLC	$0	–	-62,700	–	-0.48%	–
GOOGL	Exit	Alphabet Inc	$0	–	-6,200	–	-0.49%	–
SYF	Exit	Synchrony Financial	$0	–	-21,300	–	-0.49%	–
	Exit	Permian Resources Corp	$0	–	-88,500	–	-0.49%	–
AL	Exit	Air Lease Corp	$0	–	-19,500	–	-0.50%	–
STLA	Exit	Stellantis NV	$0	–	-51,100	–	-0.50%	–
X	Exit	United States Steel Corp	$0	–	-33,500	–	-0.50%	–
AIG	Exit	American International Group I	$0	–	-12,800	–	-0.50%	–
ARW	Exit	Arrow Electronics Inc	$0	–	-6,600	–	-0.50%	–
U	Exit	Unity Software Inc	$0	–	-19,200	–	-0.50%	–
NVST	Exit	Envista Holdings Corp	$0	–	-18,900	–	-0.51%	–
KSS	Exit	Kohl's Corp	$0	–	-24,900	–	-0.51%	–
DXC	Exit	DXC Technology Co	$0	–	-25,700	–	-0.52%	–
VTRS	Exit	Viatris Inc	$0	–	-74,600	–	-0.52%	–
BHF	Exit	Brighthouse Financial Inc	$0	–	-14,700	–	-0.52%	–
TREX	Exit	Trex Co Inc	$0	–	-14,500	–	-0.52%	–
ALLY	Exit	Ally Financial Inc	$0	–	-23,100	–	-0.53%	–
UHS	Exit	Universal Health Services Inc	$0	–	-7,300	–	-0.53%	–
M	Exit	Macy's Inc	$0	–	-41,500	–	-0.53%	–
TSN	Exit	Tyson Foods Inc	$0	–	-10,000	–	-0.54%	–
AER	Exit	AerCap Holdings NV	$0	–	-15,600	–	-0.54%	–
COF	Exit	Capital One Financial Corp	$0	–	-7,200	–	-0.54%	–
TMHC	Exit	Taylor Morrison Home Corp	$0	–	-28,500	–	-0.54%	–
HPE	Exit	Hewlett Packard Enterprise Co	$0	–	-55,700	–	-0.55%	–
LNC	Exit	Lincoln National Corp	$0	–	-15,200	–	-0.55%	–
COOP	Exit	Mr Cooper Group Inc	$0	–	-17,000	–	-0.56%	–
BLDR	Exit	Builders FirstSource Inc	$0	–	-11,800	–	-0.57%	–
KHC	Exit	Kraft Heinz Co/The	$0	–	-21,300	–	-0.58%	–
PBF	Exit	PBF Energy Inc	$0	–	-22,000	–	-0.63%	–
STNE	Exit	StoneCo Ltd	$0	–	-82,600	–	-0.65%	–
EZA	Exit	iShares MSCI South Africa ETFetp	$0	–	-102,800	–	-3.04%	–
EWY	Exit	iShares MSCI South Korea ETFetp	$0	–	-82,700	–	-3.21%	–
SCHV	Exit	Schwab U.S. Large-Cap Value ETetp	$0	–	-73,000	–	-3.50%	–
OEF	Exit	iShares S&P 100 ETFetp	$0	–	-26,400	–	-3.52%	–
VPU	Exit	Vanguard Utilities ETFetp	$0	–	-30,600	–	-3.57%	–
IVE	Exit	iShares S&P 500 Value ETFetp	$0	–	-34,300	–	-3.62%	–
VHT	Exit	Vanguard Health Care ETFetp	$0	–	-20,500	–	-3.76%	–
VDE	Exit	Vanguard Energy ETFetp	$0	–	-47,000	–	-3.92%	–
CGW	Exit	Invesco S&P Global Water Indexetp	$0	–	-215,800	–	-7.27%	–
EWC	Exit	iShares MSCI Canada ETFetp	$0	–	-289,300	–	-7.30%	–
EWU	Exit	iShares MSCI United Kingdom ETetp	$0	–	-342,400	–	-7.36%	–
EWA	Exit	iShares MSCI Australia ETFetp	$0	–	-460,000	–	-7.40%	–
PHO	Exit	Invesco Water Resources ETFetp	$0	–	-221,600	–	-8.32%	–
FIW	Exit	First Trust Water ETFetp	$0	–	-143,900	–	-8.48%	–

Q3 2022

			Value		Shares		↓ Weighting
EWA	Buy	iShares MSCI Australia ETFetp	$9,025,000	+39.1%	460,000	+50.4%	7.40%	+33.5%
EWU	Buy	iShares MSCI United Kingdom ETetp	$8,974,000	+38.2%	342,400	+58.0%	7.36%	+32.7%
EWC	Buy	iShares MSCI Canada ETFetp	$8,898,000	+33.8%	289,300	+46.6%	7.30%	+28.5%
VDE	Buy	Vanguard Energy ETFetp	$4,774,000	+26.3%	47,000	+23.7%	3.92%	+21.2%
VHT	Buy	Vanguard Health Care ETFetp	$4,585,000	+15.9%	20,500	+22.0%	3.76%	+11.2%
IVE	New	iShares S&P 500 Value ETFetp	$4,408,000	–	34,300	–	3.62%	–
VPU	Buy	Vanguard Utilities ETFetp	$4,353,000	+5.8%	30,600	+13.3%	3.57%	+1.6%
OEF	New	iShares S&P 100 ETFetp	$4,290,000	–	26,400	–	3.52%	–
SCHV	New	Schwab U.S. Large-Cap Value ETetp	$4,271,000	–	73,000	–	3.50%	–
EWY	New	iShares MSCI South Korea ETFetp	$3,916,000	–	82,700	–	3.21%	–
EZA	Buy	iShares MSCI South Africa ETFetp	$3,704,000	+10.1%	102,800	+29.8%	3.04%	+5.6%
STNE	Buy	StoneCo Ltd	$787,000	+30.7%	82,600	+5.6%	0.65%	+25.7%
PBF	New	PBF Energy Inc	$773,000	–	22,000	–	0.63%	–
KHC	Buy	Kraft Heinz Co/The	$710,000	+0.7%	21,300	+15.1%	0.58%	-3.5%
BLDR	Sell	Builders FirstSource Inc	$695,000	+7.9%	11,800	-1.7%	0.57%	+3.6%
LNC	New	Lincoln National Corp	$667,000	–	15,200	–	0.55%	–
HPE	New	Hewlett Packard Enterprise Co	$667,000	–	55,700	–	0.55%	–
TMHC	New	Taylor Morrison Home Corp	$664,000	–	28,500	–	0.54%	–
COF	Buy	Capital One Financial Corp	$663,000	+2.8%	7,200	+16.1%	0.54%	-1.3%
TSN	Buy	Tyson Foods Inc	$659,000	-2.9%	10,000	+26.6%	0.54%	-6.7%
M	Buy	Macy's Inc	$650,000	+18.0%	41,500	+37.9%	0.53%	+13.2%
UHS	Buy	Universal Health Services Inc	$643,000	+8.2%	7,300	+23.7%	0.53%	+3.7%
ALLY	Buy	Ally Financial Inc	$642,000	+6.5%	23,100	+28.3%	0.53%	+2.3%
TREX	New	Trex Co Inc	$637,000	–	14,500	–	0.52%	–
VTRS	New	Viatris Inc	$635,000	–	74,600	–	0.52%	–
DXC	New	DXC Technology Co	$629,000	–	25,700	–	0.52%	–
KSS	Buy	Kohl's Corp	$626,000	+6.5%	24,900	+50.9%	0.51%	+2.0%
NVST	New	Envista Holdings Corp	$620,000	–	18,900	–	0.51%	–
U	New	Unity Software Inc	$611,000	–	19,200	–	0.50%	–
ARW	New	Arrow Electronics Inc	$608,000	–	6,600	–	0.50%	–
X	Buy	United States Steel Corp	$607,000	+18.6%	33,500	+17.1%	0.50%	+13.7%
	New	Permian Resources Corp	$601,000	–	88,500	–	0.49%	–
GOOGL	Buy	Alphabet Inc	$593,000	-12.1%	6,200	+1900.0%	0.49%	-15.8%
CLVT	Buy	Clarivate PLC	$588,000	-20.5%	62,700	+17.4%	0.48%	-23.7%
RKT	New	Rocket Cos Inc	$587,000	–	92,900	–	0.48%	–
JBLU	Buy	JetBlue Airways Corp	$588,000	+5.6%	88,700	+33.2%	0.48%	+1.3%
TDOC	Buy	Teladoc Health Inc	$585,000	+1.4%	23,100	+32.8%	0.48%	-2.6%
MU	Buy	Micron Technology Inc	$581,000	-0.7%	11,600	+9.4%	0.48%	-4.6%
COTY	Buy	Coty Inc	$582,000	-8.5%	92,100	+15.8%	0.48%	-12.3%
OMF	Buy	OneMain Holdings Inc	$572,000	-4.3%	19,400	+21.2%	0.47%	-8.2%
	New	Coherent Corp	$571,000	–	16,400	–	0.47%	–
	New	On Holding AG	$566,000	–	35,300	–	0.46%	–
	New	Grab Holdings Ltd	$562,000	–	214,000	–	0.46%	–
MOS	New	Mosaic Co/The	$560,000	–	11,600	–	0.46%	–
CPE	Buy	Callon Petroleum Co	$560,000	+3.7%	16,000	+15.9%	0.46%	-0.4%
CLF	Buy	Cleveland-Cliffs Inc	$549,000	+10.0%	40,800	+25.5%	0.45%	+5.6%
UAA	New	Under Armour Inc	$543,000	–	81,700	–	0.44%	–
AFRM	New	Affirm Holdings Inc	$542,000	–	28,900	–	0.44%	–
WRK	Buy	Westrock Co	$540,000	-18.3%	17,500	+5.4%	0.44%	-21.6%
PVH	Buy	PVH Corp	$533,000	-5.3%	11,900	+20.2%	0.44%	-9.1%
DISH	Buy	DISH Network Corp	$518,000	-15.2%	37,500	+10.0%	0.42%	-18.6%
AA	New	Alcoa Corp	$518,000	–	15,400	–	0.42%	–
BEAM	New	Beam Therapeutics Inc	$514,000	–	10,800	–	0.42%	–
WDC	New	Western Digital Corp	$491,000	–	15,100	–	0.40%	–
ZIM	New	ZIM Integrated Shipping Servic	$472,000	–	20,100	–	0.39%	–
DASH	New	DoorDash Inc	$469,000	–	9,500	–	0.38%	–
IS	Exit	ironSource Ltd	$0	–	-190,000	–	-0.39%	–
VRT	Exit	Vertiv Holdings Co	$0	–	-57,300	–	-0.40%	–
PAGS	Exit	Pagseguro Digital Ltd	$0	–	-50,300	–	-0.44%	–
IIVI	Exit	II-VI Inc	$0	–	-10,200	–	-0.44%	–
EXPE	Exit	Expedia Group Inc	$0	–	-5,600	–	-0.45%	–
LPX	Exit	Louisiana-Pacific Corp	$0	–	-10,400	–	-0.47%	–
SGRY	Exit	Surgery Partners Inc	$0	–	-18,900	–	-0.47%	–
HRI	Exit	Herc Holdings Inc	$0	–	-6,100	–	-0.47%	–
VAL	Exit	Valaris Ltd	$0	–	-13,400	–	-0.48%	–
RUN	Exit	Sunrun Inc	$0	–	-24,800	–	-0.50%	–
F	Exit	Ford Motor Co	$0	–	-52,600	–	-0.50%	–
PCG	Exit	PG&E Corp	$0	–	-60,200	–	-0.51%	–
FTI	Exit	TechnipFMC PLC	$0	–	-90,500	–	-0.52%	–
GM	Exit	General Motors Co	$0	–	-19,300	–	-0.52%	–
ACI	Exit	Albertsons Cos Inc	$0	–	-23,400	–	-0.53%	–
R	Exit	Ryder System Inc	$0	–	-8,900	–	-0.54%	–
ALK	Exit	Alaska Air Group Inc	$0	–	-15,900	–	-0.54%	–
GT	Exit	Goodyear Tire & Rubber Co/The	$0	–	-59,500	–	-0.54%	–
AMZN	Exit	Amazon.com Inc	$0	–	-6,000	–	-0.54%	–
EVR	Exit	Evercore Inc	$0	–	-6,900	–	-0.55%	–
MRVI	Exit	Maravai LifeSciences Holdings	$0	–	-23,000	–	-0.56%	–
SQ	Exit	Block Inc	$0	–	-10,900	–	-0.57%	–
KNX	Exit	Knight-Swift Transportation Ho	$0	–	-15,500	–	-0.61%	–
CVS	Exit	CVS Health Corp	$0	–	-8,000	–	-0.63%	–
TUR	Exit	iShares MSCI Turkey ETFetp	$0	–	-177,300	–	-2.88%	–
IJR	Exit	iShares Core S&P Small-Cap ETFetp	$0	–	-42,900	–	-3.39%	–
IVW	Exit	iShares S&P 500 Growth ETFetp	$0	–	-66,200	–	-3.41%	–
IJT	Exit	iShares S&P Small-Cap 600 Growetp	$0	–	-38,000	–	-3.42%	–
VWO	Exit	Vanguard FTSE Emerging Marketsetp	$0	–	-110,900	–	-3.95%	–

Q2 2022

			Value		Shares		↓ Weighting
FIW	New	First Trust Water ETFetp	$10,359,000	–	143,900	–	8.85%	–
PHO	New	Invesco Water Resources ETFetp	$10,242,000	–	221,600	–	8.75%	–
CGW	New	Invesco S&P Global Water Indexetp	$9,525,000	–	215,800	–	8.14%	–
EWC	New	iShares MSCI Canada ETFetp	$6,648,000	–	197,400	–	5.68%	–
EWU	New	iShares MSCI United Kingdom ETetp	$6,492,000	–	216,700	–	5.55%	–
EWA	New	iShares MSCI Australia ETFetp	$6,489,000	–	305,800	–	5.55%	–
VWO	New	Vanguard FTSE Emerging Marketsetp	$4,618,000	–	110,900	–	3.95%	–
VPU	New	Vanguard Utilities ETFetp	$4,113,000	–	27,000	–	3.52%	–
IJT	New	iShares S&P Small-Cap 600 Growetp	$4,002,000	–	38,000	–	3.42%	–
IVW	New	iShares S&P 500 Growth ETFetp	$3,995,000	–	66,200	–	3.41%	–
IJR	New	iShares Core S&P Small-Cap ETFetp	$3,964,000	–	42,900	–	3.39%	–
VHT	New	Vanguard Health Care ETFetp	$3,956,000	–	16,800	–	3.38%	–
VDE	New	Vanguard Energy ETFetp	$3,779,000	–	38,000	–	3.23%	–
TUR	New	iShares MSCI Turkey ETFetp	$3,370,000	–	177,300	–	2.88%	–
EZA	New	iShares MSCI South Africa ETFetp	$3,365,000	–	79,200	–	2.88%	–
CVS	New	CVS Health Corp	$741,000	–	8,000	–	0.63%	–
CLVT	New	Clarivate PLC	$740,000	–	53,400	–	0.63%	–
KNX	New	Knight-Swift Transportation Ho	$717,000	–	15,500	–	0.61%	–
KHC	New	Kraft Heinz Co/The	$705,000	–	18,500	–	0.60%	–
TSN	New	Tyson Foods Inc	$679,000	–	7,900	–	0.58%	–
GOOGL	New	Alphabet Inc	$675,000	–	310	–	0.58%	–
SQ	New	Block Inc	$669,000	–	10,900	–	0.57%	–
WRK	New	Westrock Co	$661,000	–	16,600	–	0.56%	–
AIG	New	American International Group I	$654,000	–	12,800	–	0.56%	–
MRVI	New	Maravai LifeSciences Holdings	$653,000	–	23,000	–	0.56%	–
AL	New	Air Lease Corp	$651,000	–	19,500	–	0.56%	–
COF	New	Capital One Financial Corp	$645,000	–	6,200	–	0.55%	–
EVR	New	Evercore Inc	$645,000	–	6,900	–	0.55%	–
BLDR	New	Builders FirstSource Inc	$644,000	–	12,000	–	0.55%	–
AER	New	AerCap Holdings NV	$638,000	–	15,600	–	0.54%	–
GT	New	Goodyear Tire & Rubber Co/The	$637,000	–	59,500	–	0.54%	–
AMZN	New	Amazon.com Inc	$637,000	–	6,000	–	0.54%	–
ALK	New	Alaska Air Group Inc	$636,000	–	15,900	–	0.54%	–
COTY	New	Coty Inc	$636,000	–	79,500	–	0.54%	–
R	New	Ryder System Inc	$632,000	–	8,900	–	0.54%	–
STLA	New	Stellantis NV	$631,000	–	51,100	–	0.54%	–
ACI	New	Albertsons Cos Inc	$625,000	–	23,400	–	0.53%	–
COOP	New	Mr Cooper Group Inc	$624,000	–	17,000	–	0.53%	–
GM	New	General Motors Co	$612,000	–	19,300	–	0.52%	–
DISH	New	DISH Network Corp	$611,000	–	34,100	–	0.52%	–
FTI	New	TechnipFMC PLC	$609,000	–	90,500	–	0.52%	–
ALLY	New	Ally Financial Inc	$603,000	–	18,000	–	0.52%	–
BHF	New	Brighthouse Financial Inc	$602,000	–	14,700	–	0.51%	–
STNE	New	StoneCo Ltd	$602,000	–	78,200	–	0.51%	–
PCG	New	PG&E Corp	$600,000	–	60,200	–	0.51%	–
OMF	New	OneMain Holdings Inc	$598,000	–	16,000	–	0.51%	–
UHS	New	Universal Health Services Inc	$594,000	–	5,900	–	0.51%	–
SYF	New	Synchrony Financial	$588,000	–	21,300	–	0.50%	–
KSS	New	Kohl's Corp	$588,000	–	16,500	–	0.50%	–
MU	New	Micron Technology Inc	$585,000	–	10,600	–	0.50%	–
F	New	Ford Motor Co	$585,000	–	52,600	–	0.50%	–
RUN	New	Sunrun Inc	$579,000	–	24,800	–	0.50%	–
TDOC	New	Teladoc Health Inc	$577,000	–	17,400	–	0.49%	–
VAL	New	Valaris Ltd	$566,000	–	13,400	–	0.48%	–
PVH	New	PVH Corp	$563,000	–	9,900	–	0.48%	–
JBLU	New	JetBlue Airways Corp	$557,000	–	66,600	–	0.48%	–
M	New	Macy's Inc	$551,000	–	30,100	–	0.47%	–
HRI	New	Herc Holdings Inc	$549,000	–	6,100	–	0.47%	–
SGRY	New	Surgery Partners Inc	$546,000	–	18,900	–	0.47%	–
LPX	New	Louisiana-Pacific Corp	$545,000	–	10,400	–	0.47%	–
CPE	New	Callon Petroleum Co	$540,000	–	13,800	–	0.46%	–
EXPE	New	Expedia Group Inc	$531,000	–	5,600	–	0.45%	–
IIVI	New	II-VI Inc	$519,000	–	10,200	–	0.44%	–
PAGS	New	Pagseguro Digital Ltd	$515,000	–	50,300	–	0.44%	–
X	New	United States Steel Corp	$512,000	–	28,600	–	0.44%	–
CLF	New	Cleveland-Cliffs Inc	$499,000	–	32,500	–	0.43%	–
VRT	New	Vertiv Holdings Co	$471,000	–	57,300	–	0.40%	–
IS	New	ironSource Ltd	$452,000	–	190,000	–	0.39%	–
RSX	New	VanEck Russia ETFetp	$69,000	–	230,500	–	0.06%	–

Q4 2021

			Value		Shares		↓ Weighting
REZI	Exit	Resideo Technologies Inc	$0	–	-34,700	–	-0.40%	–
MTZ	Exit	MasTec Inc	$0	–	-11,100	–	-0.44%	–
DNLI	Exit	Denali Therapeutics Inc	$0	–	-19,800	–	-0.46%	–
AL	Exit	Air Lease Corp	$0	–	-26,500	–	-0.48%	–
WBS	Exit	Webster Financial Corp	$0	–	-20,500	–	-0.52%	–
X	Exit	United States Steel Corp	$0	–	-51,100	–	-0.52%	–
SAGE	Exit	Sage Therapeutics Inc	$0	–	-25,400	–	-0.52%	–
LPRO	Exit	Open Lending Corp	$0	–	-31,400	–	-0.52%	–
VST	Exit	Vistra Corp	$0	–	-66,900	–	-0.53%	–
KSS	Exit	Kohl's Corp	$0	–	-24,300	–	-0.53%	–
MRNA	Exit	Moderna Inc	$0	–	-3,000	–	-0.54%	–
UTHR	Exit	United Therapeutics Corp	$0	–	-6,300	–	-0.54%	–
FL	Exit	Foot Locker Inc	$0	–	-25,700	–	-0.54%	–
NUE	Exit	Nucor Corp	$0	–	-11,900	–	-0.54%	–
CLVT	Exit	Clarivate PLC	$0	–	-53,700	–	-0.54%	–
IAC	Exit	IAC/InterActiveCorp	$0	–	-9,100	–	-0.55%	–
OSK	Exit	Oshkosh Corp	$0	–	-11,700	–	-0.56%	–
DDD	Exit	3D Systems Corp	$0	–	-43,400	–	-0.56%	–
COTY	Exit	Coty Inc	$0	–	-153,400	–	-0.56%	–
IVZ	Exit	Invesco Ltd	$0	–	-50,300	–	-0.56%	–
TLRY	Exit	Tilray Inc	$0	–	-108,200	–	-0.57%	–
PPL	Exit	PPL Corp	$0	–	-43,900	–	-0.57%	–
GT	Exit	Goodyear Tire & Rubber Co/The	$0	–	-69,400	–	-0.57%	–
GPN	Exit	Global Payments Inc	$0	–	-7,800	–	-0.57%	–
UNM	Exit	Unum Group	$0	–	-49,300	–	-0.57%	–
LEN	Exit	Lennar Corp	$0	–	-13,200	–	-0.57%	–
LITE	Exit	Lumentum Holdings Inc	$0	–	-15,000	–	-0.58%	–
FIS	Exit	Fidelity National Information	$0	–	-10,300	–	-0.58%	–
LAZR	Exit	Luminar Technologies Inc	$0	–	-80,600	–	-0.58%	–
WDC	Exit	Western Digital Corp	$0	–	-22,300	–	-0.58%	–
SAFM	Exit	Sanderson Farms Inc	$0	–	-6,700	–	-0.58%	–
IIVI	Exit	II-VI Inc	$0	–	-21,300	–	-0.59%	–
JAZZ	Exit	Jazz Pharmaceuticals PLC	$0	–	-9,700	–	-0.59%	–
SLM	Exit	SLM Corp	$0	–	-71,900	–	-0.59%	–
OMF	Exit	OneMain Holdings Inc	$0	–	-22,900	–	-0.59%	–
VIAC	Exit	ViacomCBS Inc	$0	–	-32,200	–	-0.59%	–
HPE	Exit	Hewlett Packard Enterprise Co	$0	–	-90,600	–	-0.60%	–
TAP	Exit	Molson Coors Beverage Co	$0	–	-27,900	–	-0.60%	–
CNC	Exit	Centene Corp	$0	–	-20,800	–	-0.60%	–
VIRT	Exit	Virtu Financial Inc	$0	–	-53,300	–	-0.60%	–
JBLU	Exit	JetBlue Airways Corp	$0	–	-85,500	–	-0.61%	–
KHC	Exit	Kraft Heinz Co/The	$0	–	-35,600	–	-0.61%	–
AR	Exit	Antero Resources Corp	$0	–	-70,000	–	-0.61%	–
ADS	Exit	Alliance Data Systems Corp	$0	–	-13,100	–	-0.61%	–
GM	Exit	General Motors Co	$0	–	-25,100	–	-0.61%	–
SBNY	Exit	Signature Bank/New York NY	$0	–	-4,900	–	-0.62%	–
AER	Exit	AerCap Holdings NV	$0	–	-23,200	–	-0.62%	–
M	Exit	Macy's Inc	$0	–	-59,500	–	-0.62%	–
RUN	Exit	Sunrun Inc	$0	–	-30,700	–	-0.63%	–
FHN	Exit	First Horizon Corp	$0	–	-83,000	–	-0.63%	–
PLUG	Exit	Plug Power Inc	$0	–	-53,100	–	-0.63%	–
CFG	Exit	Citizens Financial Group Inc	$0	–	-29,200	–	-0.64%	–
MRO	Exit	Marathon Oil Corp	$0	–	-104,100	–	-0.66%	–
TDC	Exit	Teradata Corp	$0	–	-25,600	–	-0.68%	–
TUR	Exit	iShares MSCI Turkey ETFetp	$0	–	-340,700	–	-3.36%	–
EZA	Exit	iShares MSCI South Africa ETFetp	$0	–	-161,500	–	-3.52%	–
VPU	Exit	Vanguard Utilities ETFetp	$0	–	-56,100	–	-3.62%	–
VNQ	Exit	Vanguard Real Estate ETFetp	$0	–	-77,400	–	-3.65%	–
IVW	Exit	iShares S&P 500 Growth ETFetp	$0	–	-106,600	–	-3.65%	–
IJT	Exit	iShares S&P Small-Cap 600 Growetp	$0	–	-62,500	–	-3.77%	–
VFH	Exit	Vanguard Financials ETFetp	$0	–	-88,100	–	-3.78%	–
IJR	Exit	iShares Core S&P Small-Cap ETFetp	$0	–	-75,500	–	-3.82%	–
CGW	Exit	Invesco S&P Global Water Indexetp	$0	–	-215,800	–	-5.59%	–
PHO	Exit	Invesco Water Resources ETFetp	$0	–	-221,600	–	-5.62%	–
FIW	Exit	First Trust Water ETFetp	$0	–	-143,900	–	-5.68%	–
EWD	Exit	iShares MSCI Sweden ETFetp	$0	–	-362,200	–	-7.53%	–
EWL	Exit	iShares MSCI Switzerland ETFetp	$0	–	-356,700	–	-7.71%	–
EWU	Exit	iShares MSCI United Kingdom ETetp	$0	–	-522,500	–	-7.82%	–

Q3 2021

			Value		Shares		↓ Weighting
EWU	New	iShares MSCI United Kingdom ETetp	$16,850,000	–	522,500	–	7.82%	–
EWL	New	iShares MSCI Switzerland ETFetp	$16,615,000	–	356,700	–	7.71%	–
EWD	New	iShares MSCI Sweden ETFetp	$16,244,000	–	362,200	–	7.53%	–
FIW	Sell	First Trust Water ETFetp	$12,251,000	-37.5%	143,900	-38.7%	5.68%	-44.2%
PHO	Sell	Invesco Water Resources ETFetp	$12,125,000	-47.0%	221,600	-48.2%	5.62%	-52.6%
CGW	New	Invesco S&P Global Water Indexetp	$12,050,000	–	215,800	–	5.59%	–
IJR	Sell	iShares Core S&P Small-Cap ETFetp	$8,243,000	-38.9%	75,500	-36.8%	3.82%	-45.4%
VFH	Sell	Vanguard Financials ETFetp	$8,162,000	-39.4%	88,100	-40.8%	3.78%	-45.8%
IJT	Sell	iShares S&P Small-Cap 600 Growetp	$8,127,000	-39.5%	62,500	-38.3%	3.77%	-45.9%
IVW	Sell	iShares S&P 500 Growth ETFetp	$7,878,000	-41.9%	106,600	-42.9%	3.65%	-48.1%
VNQ	Sell	Vanguard Real Estate ETFetp	$7,877,000	-41.5%	77,400	-41.5%	3.65%	-47.8%
VPU	New	Vanguard Utilities ETFetp	$7,805,000	–	56,100	–	3.62%	–
EZA	New	iShares MSCI South Africa ETFetp	$7,595,000	–	161,500	–	3.52%	–
TUR	New	iShares MSCI Turkey ETFetp	$7,243,000	–	340,700	–	3.36%	–
TDC	Buy	Teradata Corp	$1,468,000	+17.5%	25,600	+2.4%	0.68%	+5.1%
MRO	New	Marathon Oil Corp	$1,423,000	–	104,100	–	0.66%	–
CFG	New	Citizens Financial Group Inc	$1,371,000	–	29,200	–	0.64%	–
PLUG	New	Plug Power Inc	$1,356,000	–	53,100	–	0.63%	–
FHN	New	First Horizon Corp	$1,352,000	–	83,000	–	0.63%	–
RUN	New	Sunrun Inc	$1,350,000	–	30,700	–	0.63%	–
M	New	Macy's Inc	$1,344,000	–	59,500	–	0.62%	–
AER	Buy	AerCap Holdings NV	$1,341,000	+32.4%	23,200	+17.2%	0.62%	+18.3%
SBNY	Sell	Signature Bank/New York NY	$1,334,000	+8.6%	4,900	-2.0%	0.62%	-2.8%
GM	New	General Motors Co	$1,323,000	–	25,100	–	0.61%	–
ADS	Buy	Alliance Data Systems Corp	$1,321,000	+22.0%	13,100	+26.0%	0.61%	+9.1%
AR	Sell	Antero Resources Corp	$1,316,000	-4.2%	70,000	-23.4%	0.61%	-14.3%
KHC	New	Kraft Heinz Co/The	$1,310,000	–	35,600	–	0.61%	–
JBLU	New	JetBlue Airways Corp	$1,307,000	–	85,500	–	0.61%	–
VIRT	Buy	Virtu Financial Inc	$1,302,000	+12.8%	53,300	+27.5%	0.60%	+0.8%
CNC	Buy	Centene Corp	$1,296,000	+9.7%	20,800	+28.4%	0.60%	-2.0%
TAP	Buy	Molson Coors Beverage Co	$1,294,000	+3.9%	27,900	+20.3%	0.60%	-7.1%
HPE	Buy	Hewlett Packard Enterprise Co	$1,291,000	+14.9%	90,600	+17.5%	0.60%	+2.7%
VIAC	Buy	ViacomCBS Inc	$1,272,000	-4.2%	32,200	+9.5%	0.59%	-14.4%
OMF	New	OneMain Holdings Inc	$1,267,000	–	22,900	–	0.59%	–
SLM	New	SLM Corp	$1,265,000	–	71,900	–	0.59%	–
IIVI	Buy	II-VI Inc	$1,264,000	+0.7%	21,300	+23.1%	0.59%	-10.0%
JAZZ	New	Jazz Pharmaceuticals PLC	$1,263,000	–	9,700	–	0.59%	–
SAFM	New	Sanderson Farms Inc	$1,260,000	–	6,700	–	0.58%	–
LAZR	Buy	Luminar Technologies Inc	$1,257,000	+19.8%	80,600	+68.6%	0.58%	+7.2%
WDC	New	Western Digital Corp	$1,258,000	–	22,300	–	0.58%	–
LITE	Buy	Lumentum Holdings Inc	$1,253,000	+2.5%	15,000	+0.7%	0.58%	-8.4%
FIS	New	Fidelity National Information	$1,253,000	–	10,300	–	0.58%	–
LEN	Buy	Lennar Corp	$1,236,000	-4.3%	13,200	+1.5%	0.57%	-14.5%
UNM	Buy	Unum Group	$1,235,000	+2.8%	49,300	+16.5%	0.57%	-8.0%
GT	New	Goodyear Tire & Rubber Co/The	$1,228,000	–	69,400	–	0.57%	–
GPN	New	Global Payments Inc	$1,229,000	–	7,800	–	0.57%	–
PPL	New	PPL Corp	$1,223,000	–	43,900	–	0.57%	–
TLRY	Buy	Tilray Inc	$1,221,000	-2.5%	108,200	+56.1%	0.57%	-12.9%
IVZ	New	Invesco Ltd	$1,212,000	–	50,300	–	0.56%	–
COTY	New	Coty Inc	$1,205,000	–	153,400	–	0.56%	–
OSK	New	Oshkosh Corp	$1,197,000	–	11,700	–	0.56%	–
DDD	New	3D Systems Corp	$1,196,000	–	43,400	–	0.56%	–
IAC	New	IAC/InterActiveCorp	$1,185,000	–	9,100	–	0.55%	–
CLVT	New	Clarivate PLC	$1,176,000	–	53,700	–	0.54%	–
NUE	New	Nucor Corp	$1,172,000	–	11,900	–	0.54%	–
FL	New	Foot Locker Inc	$1,173,000	–	25,700	–	0.54%	–
UTHR	New	United Therapeutics Corp	$1,162,000	–	6,300	–	0.54%	–
MRNA	New	Moderna Inc	$1,154,000	–	3,000	–	0.54%	–
KSS	Buy	Kohl's Corp	$1,144,000	-6.8%	24,300	+9.0%	0.53%	-16.6%
VST	Sell	Vistra Corp	$1,143,000	-8.7%	66,900	-0.9%	0.53%	-18.5%
LPRO	New	Open Lending Corp	$1,132,000	–	31,400	–	0.52%	–
SAGE	Buy	Sage Therapeutics Inc	$1,125,000	-4.7%	25,400	+22.1%	0.52%	-14.8%
X	Buy	United States Steel Corp	$1,122,000	-3.8%	51,100	+5.1%	0.52%	-14.0%
WBS	New	Webster Financial Corp	$1,116,000	–	20,500	–	0.52%	–
AL	Sell	Air Lease Corp	$1,042,000	-6.8%	26,500	-1.1%	0.48%	-16.7%
DNLI	New	Denali Therapeutics Inc	$998,000	–	19,800	–	0.46%	–
REZI	Sell	Resideo Technologies Inc	$860,000	-29.6%	34,700	-14.7%	0.40%	-37.1%
AA	Exit	Alcoa Corp	$0	–	-29,900	–	-0.57%	–
LPX	Exit	Louisiana-Pacific Corp	$0	–	-18,300	–	-0.57%	–
HL	Exit	Hecla Mining Co	$0	–	-148,300	–	-0.57%	–
SAVE	Exit	Spirit Airlines Inc	$0	–	-36,400	–	-0.58%	–
TOL	Exit	Toll Brothers Inc	$0	–	-19,500	–	-0.58%	–
ESNT	Exit	Essent Group Ltd	$0	–	-25,100	–	-0.58%	–
PCG	Exit	PG&E Corp	$0	–	-112,300	–	-0.59%	–
GBCI	Exit	Glacier Bancorp Inc	$0	–	-20,800	–	-0.59%	–
CASY	Exit	Casey's General Stores Inc	$0	–	-5,900	–	-0.60%	–
DISCA	Exit	Discovery Inc	$0	–	-37,800	–	-0.60%	–
TSN	Exit	Tyson Foods Inc	$0	–	-15,800	–	-0.60%	–
SFIX	Exit	Stitch Fix Inc	$0	–	-19,400	–	-0.61%	–
ALLY	Exit	Ally Financial Inc	$0	–	-23,700	–	-0.61%	–
EBS	Exit	Emergent BioSolutions Inc	$0	–	-18,800	–	-0.61%	–
CTSH	Exit	Cognizant Technology Solutions	$0	–	-17,100	–	-0.61%	–
RNR	Exit	RenaissanceRe Holdings Ltd	$0	–	-8,000	–	-0.62%	–
IBKR	Exit	Interactive Brokers Group Inc	$0	–	-18,100	–	-0.62%	–
NOV	Exit	NOV Inc	$0	–	-77,900	–	-0.62%	–
SNDR	Exit	Schneider National Inc	$0	–	-55,000	–	-0.62%	–
DAR	Exit	Darling Ingredients Inc	$0	–	-17,800	–	-0.62%	–
KBH	Exit	KB Home	$0	–	-29,500	–	-0.62%	–
SNX	Exit	SYNNEX Corp	$0	–	-9,900	–	-0.62%	–
SNA	Exit	Snap-on Inc	$0	–	-5,400	–	-0.63%	–
CI	Exit	Cigna Corp	$0	–	-5,100	–	-0.63%	–
PFGC	Exit	Performance Food Group Co	$0	–	-25,000	–	-0.63%	–
TMHC	Exit	Taylor Morrison Home Corp	$0	–	-46,000	–	-0.63%	–
ORA	Exit	Ormat Technologies Inc	$0	–	-17,800	–	-0.64%	–
STL	Exit	Sterling Bancorp/DE	$0	–	-50,300	–	-0.65%	–
BPMC	Exit	Blueprint Medicines Corp	$0	–	-14,200	–	-0.65%	–
EQT	Exit	EQT Corp	$0	–	-57,100	–	-0.66%	–
MU	Exit	Micron Technology Inc	$0	–	-15,000	–	-0.66%	–
R	Exit	Ryder System Inc	$0	–	-17,300	–	-0.67%	–
XP	Exit	XP Inc	$0	–	-30,400	–	-0.69%	–
TDOC	Exit	Teladoc Health Inc	$0	–	-8,200	–	-0.71%	–
FSLR	Exit	First Solar Inc	$0	–	-15,200	–	-0.71%	–
VDE	Exit	Vanguard Energy ETFetp	$0	–	-174,100	–	-6.86%	–

Q2 2021

			Value		Shares		↓ Weighting
PHO	New	Invesco Water Resources ETFetp	$22,885,000	–	427,600	–	11.87%	–
FIW	New	First Trust Water ETFetp	$19,609,000	–	234,700	–	10.17%	–
IVW	New	iShares S&P 500 Growth ETFetp	$13,571,000	–	186,600	–	7.04%	–
IJR	New	iShares Core S&P Small-Cap ETFetp	$13,501,000	–	119,500	–	7.00%	–
VNQ	New	Vanguard Real Estate ETFetp	$13,476,000	–	132,400	–	6.99%	–
VFH	New	Vanguard Financials ETFetp	$13,468,000	–	148,900	–	6.99%	–
IJT	New	iShares S&P Small-Cap 600 Growetp	$13,435,000	–	101,300	–	6.97%	–
VDE	New	Vanguard Energy ETFetp	$13,212,000	–	174,100	–	6.86%	–
FSLR	New	First Solar Inc	$1,375,000	–	15,200	–	0.71%	–
AR	New	Antero Resources Corp	$1,373,000	–	91,400	–	0.71%	–
TDOC	New	Teladoc Health Inc	$1,363,000	–	8,200	–	0.71%	–
VIAC	New	ViacomCBS Inc	$1,328,000	–	29,400	–	0.69%	–
XP	New	XP Inc	$1,323,000	–	30,400	–	0.69%	–
LEN	New	Lennar Corp	$1,291,000	–	13,000	–	0.67%	–
R	New	Ryder System Inc	$1,285,000	–	17,300	–	0.67%	–
MU	New	Micron Technology Inc	$1,274,000	–	15,000	–	0.66%	–
EQT	New	EQT Corp	$1,271,000	–	57,100	–	0.66%	–
IIVI	New	II-VI Inc	$1,255,000	–	17,300	–	0.65%	–
TLRY	New	Tilray Inc	$1,252,000	–	69,300	–	0.65%	–
VST	New	Vistra Corp	$1,252,000	–	67,500	–	0.65%	–
TDC	New	Teradata Corp	$1,249,000	–	25,000	–	0.65%	–
BPMC	New	Blueprint Medicines Corp	$1,249,000	–	14,200	–	0.65%	–
TAP	New	Molson Coors Beverage Co	$1,245,000	–	23,200	–	0.65%	–
STL	New	Sterling Bancorp/DE	$1,246,000	–	50,300	–	0.65%	–
ORA	New	Ormat Technologies Inc	$1,237,000	–	17,800	–	0.64%	–
KSS	New	Kohl's Corp	$1,228,000	–	22,300	–	0.64%	–
SBNY	New	Signature Bank/New York NY	$1,228,000	–	5,000	–	0.64%	–
LITE	New	Lumentum Holdings Inc	$1,222,000	–	14,900	–	0.63%	–
REZI	New	Resideo Technologies Inc	$1,221,000	–	40,700	–	0.63%	–
TMHC	New	Taylor Morrison Home Corp	$1,215,000	–	46,000	–	0.63%	–
PFGC	New	Performance Food Group Co	$1,212,000	–	25,000	–	0.63%	–
CI	New	Cigna Corp	$1,209,000	–	5,100	–	0.63%	–
SNA	New	Snap-on Inc	$1,206,000	–	5,400	–	0.63%	–
SNX	New	SYNNEX Corp	$1,205,000	–	9,900	–	0.62%	–
KBH	New	KB Home	$1,201,000	–	29,500	–	0.62%	–
UNM	New	Unum Group	$1,201,000	–	42,300	–	0.62%	–
DAR	New	Darling Ingredients Inc	$1,201,000	–	17,800	–	0.62%	–
SNDR	New	Schneider National Inc	$1,197,000	–	55,000	–	0.62%	–
NOV	New	NOV Inc	$1,193,000	–	77,900	–	0.62%	–
RNR	New	RenaissanceRe Holdings Ltd	$1,190,000	–	8,000	–	0.62%	–
IBKR	New	Interactive Brokers Group Inc	$1,189,000	–	18,100	–	0.62%	–
EBS	New	Emergent BioSolutions Inc	$1,184,000	–	18,800	–	0.61%	–
CTSH	New	Cognizant Technology Solutions	$1,184,000	–	17,100	–	0.61%	–
CNC	New	Centene Corp	$1,181,000	–	16,200	–	0.61%	–
SAGE	New	Sage Therapeutics Inc	$1,181,000	–	20,800	–	0.61%	–
ALLY	New	Ally Financial Inc	$1,181,000	–	23,700	–	0.61%	–
MTZ	New	MasTec Inc	$1,177,000	–	11,100	–	0.61%	–
SFIX	New	Stitch Fix Inc	$1,169,000	–	19,400	–	0.61%	–
X	New	United States Steel Corp	$1,166,000	–	48,600	–	0.60%	–
TSN	New	Tyson Foods Inc	$1,165,000	–	15,800	–	0.60%	–
DISCA	New	Discovery Inc	$1,159,000	–	37,800	–	0.60%	–
VIRT	New	Virtu Financial Inc	$1,154,000	–	41,800	–	0.60%	–
CASY	New	Casey's General Stores Inc	$1,148,000	–	5,900	–	0.60%	–
GBCI	New	Glacier Bancorp Inc	$1,145,000	–	20,800	–	0.59%	–
PCG	New	PG&E Corp	$1,142,000	–	112,300	–	0.59%	–
ESNT	New	Essent Group Ltd	$1,128,000	–	25,100	–	0.58%	–
TOL	New	Toll Brothers Inc	$1,127,000	–	19,500	–	0.58%	–
HPE	New	Hewlett Packard Enterprise Co	$1,124,000	–	77,100	–	0.58%	–
AL	New	Air Lease Corp	$1,118,000	–	26,800	–	0.58%	–
SAVE	New	Spirit Airlines Inc	$1,108,000	–	36,400	–	0.58%	–
HL	New	Hecla Mining Co	$1,103,000	–	148,300	–	0.57%	–
LPX	New	Louisiana-Pacific Corp	$1,103,000	–	18,300	–	0.57%	–
AA	New	Alcoa Corp	$1,101,000	–	29,900	–	0.57%	–
ADS	New	Alliance Data Systems Corp	$1,083,000	–	10,400	–	0.56%	–
LAZR	New	Luminar Technologies Inc	$1,049,000	–	47,800	–	0.54%	–
AER	New	AerCap Holdings NV	$1,013,000	–	19,800	–	0.53%	–

Q4 2020

			Value		Shares		↓ Weighting
NOV	Exit	National Oilwell Varco Inc	$0	–	-113,300	–	-0.61%	–
MEDP	Exit	Medpace Holdings Inc	$0	–	-9,500	–	-0.63%	–
VVV	Exit	Valvoline Inc	$0	–	-56,400	–	-0.64%	–
UTHR	Exit	United Therapeutics Corp	$0	–	-10,700	–	-0.64%	–
LUV	Exit	Southwest Airlines Co	$0	–	-30,000	–	-0.67%	–
FGEN	Exit	FibroGen Inc	$0	–	-27,400	–	-0.67%	–
BLUE	Exit	Bluebird Bio Inc	$0	–	-20,900	–	-0.67%	–
NEM	Exit	Newmont Corp	$0	–	-17,900	–	-0.67%	–
WEX	Exit	WEX Inc	$0	–	-8,200	–	-0.67%	–
MET	Exit	MetLife Inc	$0	–	-30,700	–	-0.68%	–
RGA	Exit	Reinsurance Group of America I	$0	–	-12,000	–	-0.68%	–
NBIX	Exit	Neurocrine Biosciences Inc	$0	–	-11,900	–	-0.68%	–
PRU	Exit	Prudential Financial Inc	$0	–	-18,100	–	-0.68%	–
SNDR	Exit	Schneider National Inc	$0	–	-46,600	–	-0.68%	–
AMP	Exit	Ameriprise Financial Inc	$0	–	-7,500	–	-0.68%	–
HUN	Exit	Huntsman Corp	$0	–	-52,000	–	-0.68%	–
DISH	Exit	DISH Network Corp	$0	–	-39,900	–	-0.68%	–
LSCC	Exit	Lattice Semiconductor Corp	$0	–	-40,000	–	-0.68%	–
MAS	Exit	Masco Corp	$0	–	-21,100	–	-0.69%	–
BERY	Exit	Berry Global Group Inc	$0	–	-24,200	–	-0.69%	–
ZM	Exit	Zoom Video Communications Inc	$0	–	-2,500	–	-0.70%	–
BBY	Exit	Best Buy Co Inc	$0	–	-10,600	–	-0.70%	–
SIRI	Exit	Sirius XM Holdings Inc	$0	–	-220,700	–	-0.70%	–
DOCU	Exit	DocuSign Inc	$0	–	-5,500	–	-0.70%	–
MYL	Exit	Mylan NV	$0	–	-80,000	–	-0.70%	–
RH	Exit	RH	$0	–	-3,100	–	-0.70%	–
HWM	Exit	Howmet Aerospace Inc	$0	–	-71,200	–	-0.70%	–
CXO	Exit	Concho Resources Inc	$0	–	-27,000	–	-0.70%	–
CPRT	Exit	Copart Inc	$0	–	-11,400	–	-0.71%	–
RHI	Exit	Robert Half International Inc	$0	–	-22,700	–	-0.71%	–
SYF	Exit	Synchrony Financial	$0	–	-46,000	–	-0.71%	–
AMTD	Exit	TD Ameritrade Holding Corp	$0	–	-30,800	–	-0.71%	–
SRPT	Exit	Sarepta Therapeutics Inc	$0	–	-8,600	–	-0.71%	–
LAD	Exit	Lithia Motors Inc	$0	–	-5,300	–	-0.72%	–
VST	Exit	Vistra Corp	$0	–	-64,200	–	-0.72%	–
ATH	Exit	Athene Holding Ltd	$0	–	-35,600	–	-0.72%	–
HD	Exit	Home Depot Inc/The	$0	–	-4,400	–	-0.72%	–
WSM	Exit	Williams-Sonoma Inc	$0	–	-13,500	–	-0.72%	–
MAN	Exit	ManpowerGroup Inc	$0	–	-16,700	–	-0.72%	–
ADSK	Exit	Autodesk Inc	$0	–	-5,300	–	-0.72%	–
ADBE	Exit	Adobe Inc	$0	–	-2,500	–	-0.72%	–
LOW	Exit	Lowe's Cos Inc	$0	–	-7,400	–	-0.73%	–
FDX	Exit	FedEx Corp	$0	–	-4,900	–	-0.73%	–
DKS	Exit	Dick's Sporting Goods Inc	$0	–	-21,300	–	-0.73%	–
PHM	Exit	PulteGroup Inc	$0	–	-26,700	–	-0.73%	–
ANTM	Exit	Anthem Inc	$0	–	-4,600	–	-0.73%	–
GIS	Exit	General Mills Inc	$0	–	-20,200	–	-0.74%	–
LEN	Exit	Lennar Corp	$0	–	-15,300	–	-0.74%	–
CPB	Exit	Campbell Soup Co	$0	–	-25,900	–	-0.74%	–
AMAT	Exit	Applied Materials Inc	$0	–	-21,100	–	-0.74%	–
TYL	Exit	Tyler Technologies Inc	$0	–	-3,600	–	-0.74%	–
INTU	Exit	Intuit Inc	$0	–	-3,900	–	-0.75%	–
TNDM	Exit	Tandem Diabetes Care Inc	$0	–	-11,400	–	-0.76%	–
CRUS	Exit	Cirrus Logic Inc	$0	–	-19,500	–	-0.78%	–
XLB	Exit	Materials Select Sector SPDR Fetp	$0	–	-189,400	–	-7.13%	–
VIOO	Exit	Vanguard S&P Small-Cap 600 ETFetp	$0	–	-94,300	–	-7.20%	–
FIW	Exit	First Trust Water ETFetp	$0	–	-201,900	–	-7.22%	–
IJT	Exit	iShares S&P Small-Cap 600 Growetp	$0	–	-69,400	–	-7.24%	–
IVW	Exit	iShares S&P 500 Growth ETFetp	$0	–	-53,400	–	-7.30%	–
VCR	Exit	Vanguard Consumer Discretionaretp	$0	–	-52,600	–	-7.30%	–
XLK	Exit	Technology Select Sector SPDRetp	$0	–	-106,500	–	-7.35%	–
PHO	Exit	Invesco Water Resources ETFetp	$0	–	-482,600	–	-11.33%	–

Q3 2020

			Value		Shares		↓ Weighting
XLK	Sell	Technology Select Sector SPDRetp	$12,428,000	+8.3%	106,500	-3.0%	7.35%	-1.0%
VCR	Sell	Vanguard Consumer Discretionaretp	$12,341,000	+7.7%	52,600	-8.2%	7.30%	-1.6%
IVW	New	iShares S&P 500 Growth ETFetp	$12,339,000	–	53,400	–	7.30%	–
IJT	New	iShares S&P Small-Cap 600 Growetp	$12,244,000	–	69,400	–	7.24%	–
VIOO	New	Vanguard S&P Small-Cap 600 ETFetp	$12,177,000	–	94,300	–	7.20%	–
XLB	New	Materials Select Sector SPDR Fetp	$12,053,000	–	189,400	–	7.13%	–
CRUS	Buy	Cirrus Logic Inc	$1,315,000	+19.7%	19,500	+9.6%	0.78%	+9.3%
TNDM	New	Tandem Diabetes Care Inc	$1,293,000	–	11,400	–	0.76%	–
INTU	New	Intuit Inc	$1,272,000	–	3,900	–	0.75%	–
AMAT	New	Applied Materials Inc	$1,254,000	–	21,100	–	0.74%	–
TYL	Buy	Tyler Technologies Inc	$1,254,000	+24.8%	3,600	+24.1%	0.74%	+14.0%
CPB	New	Campbell Soup Co	$1,252,000	–	25,900	–	0.74%	–
LEN	New	Lennar Corp	$1,249,000	–	15,300	–	0.74%	–
GIS	New	General Mills Inc	$1,245,000	–	20,200	–	0.74%	–
ANTM	New	Anthem Inc	$1,235,000	–	4,600	–	0.73%	–
PHM	New	PulteGroup Inc	$1,235,000	–	26,700	–	0.73%	–
FDX	New	FedEx Corp	$1,232,000	–	4,900	–	0.73%	–
DKS	New	Dick's Sporting Goods Inc	$1,232,000	–	21,300	–	0.73%	–
LOW	New	Lowe's Cos Inc	$1,227,000	–	7,400	–	0.73%	–
ADBE	New	Adobe Inc	$1,226,000	–	2,500	–	0.72%	–
ADSK	Buy	Autodesk Inc	$1,224,000	+0.4%	5,300	+3.9%	0.72%	-8.2%
MAN	New	ManpowerGroup Inc	$1,224,000	–	16,700	–	0.72%	–
WSM	Buy	Williams-Sonoma Inc	$1,220,000	+32.9%	13,500	+20.5%	0.72%	+21.5%
HD	New	Home Depot Inc/The	$1,221,000	–	4,400	–	0.72%	–
ATH	New	Athene Holding Ltd	$1,213,000	–	35,600	–	0.72%	–
VST	New	Vistra Corp	$1,210,000	–	64,200	–	0.72%	–
LAD	New	Lithia Motors Inc	$1,208,000	–	5,300	–	0.72%	–
SRPT	Buy	Sarepta Therapeutics Inc	$1,207,000	+23.4%	8,600	+41.0%	0.71%	+12.8%
AMTD	New	TD Ameritrade Holding Corp	$1,205,000	–	30,800	–	0.71%	–
SYF	New	Synchrony Financial	$1,203,000	–	46,000	–	0.71%	–
RHI	New	Robert Half International Inc	$1,201,000	–	22,700	–	0.71%	–
CPRT	New	Copart Inc	$1,198,000	–	11,400	–	0.71%	–
CXO	Buy	Concho Resources Inc	$1,191,000	+32.9%	27,000	+55.2%	0.70%	+21.6%
HWM	New	Howmet Aerospace Inc	$1,190,000	–	71,200	–	0.70%	–
RH	Sell	RH	$1,186,000	+8.3%	3,100	-29.5%	0.70%	-1.0%
MYL	New	Mylan NV	$1,186,000	–	80,000	–	0.70%	–
DOCU	New	DocuSign Inc	$1,183,000	–	5,500	–	0.70%	–
SIRI	New	Sirius XM Holdings Inc	$1,182,000	–	220,700	–	0.70%	–
BBY	New	Best Buy Co Inc	$1,179,000	–	10,600	–	0.70%	–
ZM	New	Zoom Video Communications Inc	$1,175,000	–	2,500	–	0.70%	–
BERY	New	Berry Global Group Inc	$1,169,000	–	24,200	–	0.69%	–
MAS	New	Masco Corp	$1,163,000	–	21,100	–	0.69%	–
DISH	New	DISH Network Corp	$1,158,000	–	39,900	–	0.68%	–
LSCC	New	Lattice Semiconductor Corp	$1,158,000	–	40,000	–	0.68%	–
AMP	Buy	Ameriprise Financial Inc	$1,155,000	+13.2%	7,500	+10.3%	0.68%	+3.3%
HUN	New	Huntsman Corp	$1,154,000	–	52,000	–	0.68%	–
SNDR	New	Schneider National Inc	$1,152,000	–	46,600	–	0.68%	–
PRU	New	Prudential Financial Inc	$1,149,000	–	18,100	–	0.68%	–
NBIX	New	Neurocrine Biosciences Inc	$1,144,000	–	11,900	–	0.68%	–
RGA	New	Reinsurance Group of America I	$1,142,000	–	12,000	–	0.68%	–
MET	New	MetLife Inc	$1,141,000	–	30,700	–	0.68%	–
WEX	New	WEX Inc	$1,139,000	–	8,200	–	0.67%	–
NEM	New	Newmont Corp	$1,135,000	–	17,900	–	0.67%	–
BLUE	New	Bluebird Bio Inc	$1,127,000	–	20,900	–	0.67%	–
FGEN	New	FibroGen Inc	$1,126,000	–	27,400	–	0.67%	–
LUV	New	Southwest Airlines Co	$1,125,000	–	30,000	–	0.67%	–
UTHR	New	United Therapeutics Corp	$1,080,000	–	10,700	–	0.64%	–
VVV	Buy	Valvoline Inc	$1,073,000	+8.5%	56,400	+10.2%	0.64%	-0.8%
MEDP	New	Medpace Holdings Inc	$1,061,000	–	9,500	–	0.63%	–
NOV	Buy	National Oilwell Varco Inc	$1,026,000	-2.1%	113,300	+32.4%	0.61%	-10.6%
APA	Exit	Apache Corp	$0	–	-66,300	–	-0.58%	–
NBL	Exit	Noble Energy Inc	$0	–	-101,600	–	-0.59%	–
BURL	Exit	Burlington Stores Inc	$0	–	-4,700	–	-0.60%	–
CHWY	Exit	Chewy Inc	$0	–	-21,300	–	-0.62%	–
WWD	Exit	Woodward Inc	$0	–	-12,300	–	-0.62%	–
BKNG	Exit	Booking Holdings Inc	$0	–	-600	–	-0.62%	–
RJF	Exit	Raymond James Financial Inc	$0	–	-13,900	–	-0.62%	–
MCO	Exit	Moody's Corp	$0	–	-3,500	–	-0.62%	–
PFPT	Exit	Proofpoint Inc	$0	–	-8,700	–	-0.63%	–
HLI	Exit	Houlihan Lokey Inc	$0	–	-17,600	–	-0.63%	–
BDX	Exit	Becton Dickinson and Co	$0	–	-4,100	–	-0.64%	–
RE	Exit	Everest Re Group Ltd	$0	–	-4,800	–	-0.64%	–
SPGI	Exit	S&P Global Inc	$0	–	-3,000	–	-0.64%	–
ALL	Exit	Allstate Corp/The	$0	–	-10,200	–	-0.64%	–
CCOI	Exit	Cogent Communications Holdings	$0	–	-12,800	–	-0.64%	–
CLGX	Exit	CoreLogic Inc/United States	$0	–	-14,800	–	-0.64%	–
CHD	Exit	Church & Dwight Co Inc	$0	–	-12,900	–	-0.65%	–
FTDR	Exit	frontdoor Inc	$0	–	-22,500	–	-0.65%	–
OKTA	Exit	Okta Inc	$0	–	-5,000	–	-0.65%	–
THO	Exit	Thor Industries Inc	$0	–	-9,400	–	-0.65%	–
ALK	Exit	Alaska Air Group Inc	$0	–	-27,600	–	-0.65%	–
XLRN	Exit	Acceleron Pharma Inc	$0	–	-10,500	–	-0.65%	–
MIDD	Exit	Middleby Corp/The	$0	–	-12,700	–	-0.65%	–
CSL	Exit	Carlisle Cos Inc	$0	–	-8,400	–	-0.65%	–
GWW	Exit	WW Grainger Inc	$0	–	-3,200	–	-0.65%	–
WORK	Exit	Slack Technologies Inc	$0	–	-32,500	–	-0.65%	–
ENPH	Exit	Enphase Energy Inc	$0	–	-21,300	–	-0.66%	–
BIIB	Exit	Biogen Inc	$0	–	-3,800	–	-0.66%	–
KO	Exit	Coca-Cola Co/The	$0	–	-22,900	–	-0.66%	–
MS	Exit	Morgan Stanley	$0	–	-21,200	–	-0.66%	–
EV	Exit	Eaton Vance Corp	$0	–	-26,600	–	-0.66%	–
NVRO	Exit	Nevro Corp	$0	–	-8,600	–	-0.66%	–
HUBB	Exit	Hubbell Inc	$0	–	-8,200	–	-0.66%	–
MSCI	Exit	MSCI Inc	$0	–	-3,100	–	-0.67%	–
PG	Exit	Procter & Gamble Co/The	$0	–	-8,700	–	-0.67%	–
SRE	Exit	Sempra Energy	$0	–	-8,900	–	-0.68%	–
RGEN	Exit	Repligen Corp	$0	–	-8,600	–	-0.69%	–
LITE	Exit	Lumentum Holdings Inc	$0	–	-13,100	–	-0.69%	–
CDK	Exit	CDK Global Inc	$0	–	-25,800	–	-0.69%	–
ABBV	Exit	AbbVie Inc	$0	–	-10,900	–	-0.69%	–
LULU	Exit	Lululemon Athletica Inc	$0	–	-3,500	–	-0.71%	–
HOLX	Exit	Hologic Inc	$0	–	-19,200	–	-0.71%	–
NVDA	Exit	NVIDIA Corp	$0	–	-2,900	–	-0.71%	–
AMED	Exit	Amedisys Inc	$0	–	-5,600	–	-0.72%	–
MTCH	Exit	Match Group Inc	$0	–	-10,700	–	-0.74%	–
MDB	Exit	MongoDB Inc	$0	–	-5,100	–	-0.75%	–
VAW	Exit	Vanguard Materials ETFetp	$0	–	-90,800	–	-7.09%	–
VV	Exit	Vanguard Large-Cap ETFetp	$0	–	-79,100	–	-7.32%	–
SCHG	Exit	Schwab U.S. Large-Cap Growth Eetp	$0	–	-115,600	–	-7.60%	–
VUG	Exit	Vanguard Growth ETFetp	$0	–	-58,400	–	-7.64%	–

Q2 2020

			Value		Shares		↓ Weighting
PHO	New	Invesco Water Resources ETFetp	$17,537,000	–	482,600	–	11.36%	–
VUG	New	Vanguard Growth ETFetp	$11,802,000	–	58,400	–	7.64%	–
SCHG	New	Schwab U.S. Large-Cap Growth Eetp	$11,738,000	–	115,600	–	7.60%	–
XLK	New	Technology Select Sector SPDRetp	$11,473,000	–	109,800	–	7.43%	–
VCR	New	Vanguard Consumer Discretionaretp	$11,460,000	–	57,300	–	7.42%	–
VV	New	Vanguard Large-Cap ETFetp	$11,311,000	–	79,100	–	7.32%	–
FIW	New	First Trust Water ETFetp	$11,247,000	–	201,900	–	7.28%	–
VAW	New	Vanguard Materials ETFetp	$10,954,000	–	90,800	–	7.09%	–
ADSK	New	Autodesk Inc	$1,219,000	–	5,100	–	0.79%	–
MDB	New	MongoDB Inc	$1,154,000	–	5,100	–	0.75%	–
MTCH	New	Match Group Inc	$1,145,000	–	10,700	–	0.74%	–
AMED	New	Amedisys Inc	$1,111,000	–	5,600	–	0.72%	–
NVDA	New	NVIDIA Corp	$1,101,000	–	2,900	–	0.71%	–
CRUS	New	Cirrus Logic Inc	$1,099,000	–	17,800	–	0.71%	–
RH	New	RH	$1,095,000	–	4,400	–	0.71%	–
HOLX	New	Hologic Inc	$1,094,000	–	19,200	–	0.71%	–
LULU	New	Lululemon Athletica Inc	$1,092,000	–	3,500	–	0.71%	–
ABBV	New	AbbVie Inc	$1,070,000	–	10,900	–	0.69%	–
CDK	New	CDK Global Inc	$1,068,000	–	25,800	–	0.69%	–
LITE	New	Lumentum Holdings Inc	$1,066,000	–	13,100	–	0.69%	–
RGEN	New	Repligen Corp	$1,063,000	–	8,600	–	0.69%	–
NOV	New	National Oilwell Varco Inc	$1,048,000	–	85,600	–	0.68%	–
SRE	New	Sempra Energy	$1,043,000	–	8,900	–	0.68%	–
PG	New	Procter & Gamble Co/The	$1,040,000	–	8,700	–	0.67%	–
MSCI	New	MSCI Inc	$1,034,000	–	3,100	–	0.67%	–
HUBB	New	Hubbell Inc	$1,027,000	–	8,200	–	0.66%	–
NVRO	New	Nevro Corp	$1,027,000	–	8,600	–	0.66%	–
EV	New	Eaton Vance Corp	$1,026,000	–	26,600	–	0.66%	–
MS	New	Morgan Stanley	$1,023,000	–	21,200	–	0.66%	–
KO	New	Coca-Cola Co/The	$1,023,000	–	22,900	–	0.66%	–
AMP	New	Ameriprise Financial Inc	$1,020,000	–	6,800	–	0.66%	–
BIIB	New	Biogen Inc	$1,016,000	–	3,800	–	0.66%	–
ENPH	New	Enphase Energy Inc	$1,013,000	–	21,300	–	0.66%	–
WORK	New	Slack Technologies Inc	$1,010,000	–	32,500	–	0.65%	–
TYL	New	Tyler Technologies Inc	$1,005,000	–	2,900	–	0.65%	–
CSL	New	Carlisle Cos Inc	$1,005,000	–	8,400	–	0.65%	–
GWW	New	WW Grainger Inc	$1,005,000	–	3,200	–	0.65%	–
MIDD	New	Middleby Corp/The	$1,002,000	–	12,700	–	0.65%	–
OKTA	New	Okta Inc	$1,001,000	–	5,000	–	0.65%	–
THO	New	Thor Industries Inc	$1,001,000	–	9,400	–	0.65%	–
XLRN	New	Acceleron Pharma Inc	$1,000,000	–	10,500	–	0.65%	–
ALK	New	Alaska Air Group Inc	$1,000,000	–	27,600	–	0.65%	–
CHD	New	Church & Dwight Co Inc	$997,000	–	12,900	–	0.65%	–
FTDR	New	frontdoor Inc	$997,000	–	22,500	–	0.65%	–
CLGX	New	CoreLogic Inc/United States	$994,000	–	14,800	–	0.64%	–
CCOI	New	Cogent Communications Holdings	$990,000	–	12,800	–	0.64%	–
RE	New	Everest Re Group Ltd	$989,000	–	4,800	–	0.64%	–
SPGI	New	S&P Global Inc	$988,000	–	3,000	–	0.64%	–
VVV	New	Valvoline Inc	$989,000	–	51,200	–	0.64%	–
ALL	New	Allstate Corp/The	$989,000	–	10,200	–	0.64%	–
BDX	New	Becton Dickinson and Co	$981,000	–	4,100	–	0.64%	–
HLI	New	Houlihan Lokey Inc	$979,000	–	17,600	–	0.63%	–
SRPT	New	Sarepta Therapeutics Inc	$978,000	–	6,100	–	0.63%	–
PFPT	New	Proofpoint Inc	$966,000	–	8,700	–	0.63%	–
MCO	New	Moody's Corp	$961,000	–	3,500	–	0.62%	–
RJF	New	Raymond James Financial Inc	$956,000	–	13,900	–	0.62%	–
BKNG	New	Booking Holdings Inc	$955,000	–	600	–	0.62%	–
WWD	New	Woodward Inc	$953,000	–	12,300	–	0.62%	–
CHWY	New	Chewy Inc	$951,000	–	21,300	–	0.62%	–
BURL	New	Burlington Stores Inc	$925,000	–	4,700	–	0.60%	–
WSM	New	Williams-Sonoma Inc	$918,000	–	11,200	–	0.59%	–
NBL	New	Noble Energy Inc	$910,000	–	101,600	–	0.59%	–
APA	New	Apache Corp	$895,000	–	66,300	–	0.58%	–
CXO	New	Concho Resources Inc	$896,000	–	17,400	–	0.58%	–

Q4 2019

			Value		Shares		↓ Weighting
PLNT	Exit	Planet Fitness Inc	$0	–	-13,800	–	-0.51%	–
PINC	Exit	Premier Inc	$0	–	-29,300	–	-0.54%	–
ENPH	Exit	Enphase Energy Inc	$0	–	-38,900	–	-0.55%	–
ALXN	Exit	Alexion Pharmaceuticals Inc	$0	–	-9,300	–	-0.58%	–
CREE	Exit	Cree Inc	$0	–	-18,600	–	-0.58%	–
NVCR	Exit	Novocure Ltd	$0	–	-12,300	–	-0.58%	–
OLED	Exit	Universal Display Corp	$0	–	-5,500	–	-0.59%	–
CYBR	Exit	CyberArk Software Ltd	$0	–	-9,400	–	-0.60%	–
FDS	Exit	FactSet Research Systems Inc	$0	–	-3,900	–	-0.60%	–
HEI	Exit	HEICO Corp	$0	–	-7,800	–	-0.62%	–
SBUX	Exit	Starbucks Corp	$0	–	-11,260	–	-0.63%	–
NOW	Exit	ServiceNow Inc	$0	–	-4,000	–	-0.64%	–
INCY	Exit	Incyte Corp	$0	–	-13,900	–	-0.66%	–
HUBS	Exit	HubSpot Inc	$0	–	-6,800	–	-0.66%	–
RACE	Exit	Ferrari NV	$0	–	-6,700	–	-0.66%	–
AVLR	Exit	Avalara Inc	$0	–	-15,400	–	-0.66%	–
ICLR	Exit	ICON PLC	$0	–	-7,100	–	-0.66%	–
MRCY	Exit	Mercury Systems Inc	$0	–	-12,900	–	-0.66%	–
MKTX	Exit	MarketAxess Holdings Inc	$0	–	-3,200	–	-0.67%	–
OMF	Exit	OneMain Holdings Inc	$0	–	-28,700	–	-0.67%	–
TTWO	Exit	Take-Two Interactive Software	$0	–	-8,400	–	-0.67%	–
MSI	Exit	Motorola Solutions Inc	$0	–	-6,200	–	-0.67%	–
SPLK	Exit	Splunk Inc	$0	–	-9,000	–	-0.67%	–
INTU	Exit	Intuit Inc	$0	–	-4,000	–	-0.68%	–
OKTA	Exit	Okta Inc	$0	–	-10,800	–	-0.68%	–
PAGP	Exit	Plains GP Holdings LP	$0	–	-50,200	–	-0.68%	–
QTWO	Exit	Q2 Holdings Inc	$0	–	-13,600	–	-0.68%	–
VEEV	Exit	Veeva Systems Inc	$0	–	-7,100	–	-0.69%	–
GM	Exit	General Motors Co	$0	–	-29,000	–	-0.69%	–
ATH	Exit	Athene Holding Ltd	$0	–	-25,900	–	-0.69%	–
SYF	Exit	Synchrony Financial	$0	–	-32,000	–	-0.69%	–
KEYS	Exit	Keysight Technologies Inc	$0	–	-11,300	–	-0.70%	–
DISCA	Exit	Discovery Inc	$0	–	-41,300	–	-0.70%	–
STE	Exit	STERIS PLC	$0	–	-7,600	–	-0.70%	–
BFAM	Exit	Bright Horizons Family Solutio	$0	–	-7,200	–	-0.70%	–
CVX	Exit	Chevron Corp	$0	–	-9,300	–	-0.70%	–
ABT	Exit	Abbott Laboratories	$0	–	-13,400	–	-0.71%	–
WM	Exit	Waste Management Inc	$0	–	-9,800	–	-0.72%	–
CY	Exit	Cypress Semiconductor Corp	$0	–	-48,300	–	-0.72%	–
FISV	Exit	Fiserv Inc	$0	–	-10,900	–	-0.72%	–
AMTD	Exit	TD Ameritrade Holding Corp	$0	–	-24,200	–	-0.72%	–
NOV	Exit	National Oilwell Varco Inc	$0	–	-53,500	–	-0.72%	–
TREX	Exit	Trex Co Inc	$0	–	-12,700	–	-0.73%	–
EXPE	Exit	Expedia Group Inc	$0	–	-8,600	–	-0.73%	–
FIS	Exit	Fidelity National Information	$0	–	-8,700	–	-0.73%	–
IBM	Exit	International Business Machine	$0	–	-8,100	–	-0.75%	–
CELG	Exit	Celgene Corp	$0	–	-11,900	–	-0.75%	–
COP	Exit	ConocoPhillips	$0	–	-20,870	–	-0.76%	–
ABBV	Exit	AbbVie Inc	$0	–	-15,800	–	-0.76%	–
ALSN	Exit	Allison Transmission Holdings	$0	–	-25,800	–	-0.77%	–
NVDA	Exit	NVIDIA Corp	$0	–	-7,000	–	-0.77%	–
PFPT	Exit	Proofpoint Inc	$0	–	-9,500	–	-0.78%	–
PHM	Exit	PulteGroup Inc	$0	–	-34,600	–	-0.80%	–
NVR	Exit	NVR Inc	$0	–	-340	–	-0.80%	–
BMY	Exit	Bristol-Myers Squibb Co	$0	–	-25,300	–	-0.82%	–
HZNP	Exit	Horizon Therapeutics Plc	$0	–	-48,700	–	-0.84%	–
VIOO	Exit	Vanguard S&P Small-Cap 600 ETFetp	$0	–	-78,100	–	-7.08%	–
VBR	Exit	Vanguard Small-Cap Value ETFetp	$0	–	-87,100	–	-7.13%	–
VTV	Exit	Vanguard Value ETFetp	$0	–	-101,300	–	-7.18%	–
FIW	Exit	First Trust Water ETFetp	$0	–	-201,900	–	-7.20%	–
IYZ	Exit	iShares US Telecommunicationsetp	$0	–	-394,800	–	-7.33%	–
VFH	Exit	Vanguard Financials ETFetp	$0	–	-165,000	–	-7.34%	–
VNQ	Exit	Vanguard Real Estate ETFetp	$0	–	-124,300	–	-7.36%	–
CGW	Exit	Invesco S&P Global Water Indexetp	$0	–	-451,970	–	-10.99%	–

Q3 2019

			Value		Shares		↓ Weighting
VNQ	New	Vanguard Real Estate ETFetp	$11,590,000	–	124,300	–	7.36%	–
VFH	New	Vanguard Financials ETFetp	$11,550,000	–	165,000	–	7.34%	–
IYZ	New	iShares US Telecommunicationsetp	$11,528,000	–	394,800	–	7.33%	–
FIW	New	First Trust Water ETFetp	$11,328,000	–	201,900	–	7.20%	–
VTV	New	Vanguard Value ETFetp	$11,307,000	–	101,300	–	7.18%	–
VBR	New	Vanguard Small-Cap Value ETFetp	$11,222,000	–	87,100	–	7.13%	–
VIOO	New	Vanguard S&P Small-Cap 600 ETFetp	$11,139,000	–	78,100	–	7.08%	–
HZNP	Buy	Horizon Therapeutics Plc	$1,326,000	+41.4%	48,700	+24.9%	0.84%	+108.1%
BMY	New	Bristol-Myers Squibb Co	$1,282,000	–	25,300	–	0.82%	–
PFPT	Buy	Proofpoint Inc	$1,225,000	+8.4%	9,500	+1.1%	0.78%	+59.8%
NVDA	New	NVIDIA Corp	$1,218,000	–	7,000	–	0.77%	–
ALSN	Buy	Allison Transmission Holdings	$1,213,000	+5.1%	25,800	+3.6%	0.77%	+54.8%
ABBV	New	AbbVie Inc	$1,196,000	–	15,800	–	0.76%	–
COP	Buy	ConocoPhillips	$1,189,000	+9.1%	20,870	+16.8%	0.76%	+60.9%
IBM	New	International Business Machine	$1,177,000	–	8,100	–	0.75%	–
EXPE	New	Expedia Group Inc	$1,155,000	–	8,600	–	0.73%	–
FIS	New	Fidelity National Information	$1,155,000	–	8,700	–	0.73%	–
TREX	New	Trex Co Inc	$1,154,000	–	12,700	–	0.73%	–
NOV	New	National Oilwell Varco Inc	$1,134,000	–	53,500	–	0.72%	–
AMTD	Buy	TD Ameritrade Holding Corp	$1,130,000	+6.3%	24,200	+13.6%	0.72%	+56.4%
FISV	New	Fiserv Inc	$1,129,000	–	10,900	–	0.72%	–
WM	New	Waste Management Inc	$1,127,000	–	9,800	–	0.72%	–
CY	New	Cypress Semiconductor Corp	$1,127,000	–	48,300	–	0.72%	–
ABT	New	Abbott Laboratories	$1,121,000	–	13,400	–	0.71%	–
STE	New	STERIS PLC	$1,098,000	–	7,600	–	0.70%	–
DISCA	New	Discovery Inc	$1,099,000	–	41,300	–	0.70%	–
KEYS	New	Keysight Technologies Inc	$1,098,000	–	11,300	–	0.70%	–
BFAM	New	Bright Horizons Family Solutio	$1,098,000	–	7,200	–	0.70%	–
SYF	New	Synchrony Financial	$1,090,000	–	32,000	–	0.69%	–
GM	New	General Motors Co	$1,086,000	–	29,000	–	0.69%	–
QTWO	New	Q2 Holdings Inc	$1,072,000	–	13,600	–	0.68%	–
PAGP	Buy	Plains GP Holdings LP	$1,065,000	-5.6%	50,200	+11.1%	0.68%	+39.0%
OKTA	Buy	Okta Inc	$1,063,000	-9.4%	10,800	+13.7%	0.68%	+33.6%
SPLK	Buy	Splunk Inc	$1,060,000	-3.1%	9,000	+3.4%	0.67%	+42.8%
MSI	New	Motorola Solutions Inc	$1,056,000	–	6,200	–	0.67%	–
OMF	New	OneMain Holdings Inc	$1,052,000	–	28,700	–	0.67%	–
TTWO	New	Take-Two Interactive Software	$1,052,000	–	8,400	–	0.67%	–
MKTX	New	MarketAxess Holdings Inc	$1,048,000	–	3,200	–	0.67%	–
ICLR	Sell	ICON PLC	$1,046,000	-17.1%	7,100	-13.4%	0.66%	+22.2%
MRCY	New	Mercury Systems Inc	$1,047,000	–	12,900	–	0.66%	–
AVLR	Sell	Avalara Inc	$1,036,000	-12.5%	15,400	-6.1%	0.66%	+28.8%
RACE	New	Ferrari NV	$1,032,000	–	6,700	–	0.66%	–
HUBS	New	HubSpot Inc	$1,030,000	–	6,800	–	0.66%	–
INCY	New	Incyte Corp	$1,031,000	–	13,900	–	0.66%	–
NOW	New	ServiceNow Inc	$1,015,000	–	4,000	–	0.64%	–
SBUX	Sell	Starbucks Corp	$995,000	-16.2%	11,260	-20.5%	0.63%	+23.4%
HEI	Sell	HEICO Corp	$974,000	-19.1%	7,800	-13.3%	0.62%	+19.3%
CYBR	Buy	CyberArk Software Ltd	$938,000	-19.3%	9,400	+3.3%	0.60%	+18.7%
OLED	New	Universal Display Corp	$923,000	–	5,500	–	0.59%	–
NVCR	New	Novocure Ltd	$919,000	–	12,300	–	0.58%	–
CREE	New	Cree Inc	$911,000	–	18,600	–	0.58%	–
ALXN	New	Alexion Pharmaceuticals Inc	$910,000	–	9,300	–	0.58%	–
ENPH	New	Enphase Energy Inc	$864,000	–	38,900	–	0.55%	–
PINC	Sell	Premier Inc	$847,000	-27.8%	29,300	-2.3%	0.54%	+6.3%
PS	Exit	Pluralsight Inc	$0	–	-32,500	–	-0.42%	–
SBGI	Exit	Sinclair Broadcast Group Inc	$0	–	-19,400	–	-0.45%	–
FTNT	Exit	Fortinet Inc	$0	–	-13,700	–	-0.45%	–
ANGI	Exit	ANGI Homeservices Inc	$0	–	-81,000	–	-0.45%	–
NUAN	Exit	Nuance Communications Inc	$0	–	-66,500	–	-0.46%	–
NXST	Exit	Nexstar Media Group Inc	$0	–	-10,600	–	-0.46%	–
TNDM	Exit	Tandem Diabetes Care Inc	$0	–	-16,600	–	-0.46%	–
IONS	Exit	Ionis Pharmaceuticals Inc	$0	–	-16,800	–	-0.46%	–
TRIP	Exit	TripAdvisor Inc	$0	–	-23,600	–	-0.47%	–
RDN	Exit	Radian Group Inc	$0	–	-48,100	–	-0.47%	–
COG	Exit	Cabot Oil & Gas Corp	$0	–	-48,600	–	-0.48%	–
AWI	Exit	Armstrong World Industries Inc	$0	–	-11,500	–	-0.48%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-9,200	–	-0.48%	–
SPR	Exit	Spirit AeroSystems Holdings In	$0	–	-13,800	–	-0.48%	–
PKG	Exit	Packaging Corp of America	$0	–	-11,800	–	-0.48%	–
TEAM	Exit	Atlassian Corp PLC	$0	–	-8,600	–	-0.48%	–
LSTR	Exit	Landstar System Inc	$0	–	-10,500	–	-0.49%	–
TGE	Exit	Tallgrass Energy LP	$0	–	-53,800	–	-0.49%	–
NKE	Exit	NIKE Inc	$0	–	-13,600	–	-0.49%	–
DECK	Exit	Deckers Outdoor Corp	$0	–	-6,490	–	-0.49%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-17,000	–	-0.50%	–
ABC	Exit	AmerisourceBergen Corp	$0	–	-13,500	–	-0.50%	–
FFIV	Exit	F5 Networks Inc	$0	–	-7,900	–	-0.50%	–
CHGG	Exit	Chegg Inc	$0	–	-30,000	–	-0.50%	–
CTXS	Exit	Citrix Systems Inc	$0	–	-11,800	–	-0.50%	–
F	Exit	Ford Motor Co	$0	–	-114,700	–	-0.51%	–
CDW	Exit	CDW Corp/DE	$0	–	-10,600	–	-0.51%	–
ODFL	Exit	Old Dominion Freight Line Inc	$0	–	-7,900	–	-0.51%	–
JNJ	Exit	Johnson & Johnson	$0	–	-8,500	–	-0.51%	–
JAZZ	Exit	Jazz Pharmaceuticals PLC	$0	–	-8,350	–	-0.51%	–
BERY	Exit	Berry Global Group Inc	$0	–	-22,900	–	-0.52%	–
TPR	Exit	Tapestry Inc	$0	–	-38,200	–	-0.52%	–
BPMC	Exit	Blueprint Medicines Corp	$0	–	-13,700	–	-0.56%	–
IVE	Exit	iShares S&P 500 Value ETFetp	$0	–	-61,800	–	-3.11%	–
IYR	Exit	iShares U.S. Real Estate ETFetp	$0	–	-84,100	–	-3.17%	–
IYF	Exit	iShares US Financials ETFetp	$0	–	-59,100	–	-3.20%	–
IWD	Exit	iShares Russell 1000 Value ETFetp	$0	–	-58,600	–	-3.22%	–
VHT	Exit	Vanguard Health Care ETFetp	$0	–	-42,900	–	-3.22%	–
PHO	Exit	Invesco Water Resources ETFetp	$0	–	-309,000	–	-4.75%	–
VOO	Exit	Vanguard S&P 500 ETFetp	$0	–	-42,800	–	-4.97%	–
EWP	Exit	iShares MSCI Spain ETFetp	$0	–	-620,200	–	-7.73%	–
EWQ	Exit	iShares MSCI France ETFetp	$0	–	-594,500	–	-7.86%	–
OEF	Exit	iShares S&P 100 ETFetp	$0	–	-141,700	–	-7.92%	–
EZU	Exit	iShares MSCI Eurozone ETFetp	$0	–	-477,700	–	-8.15%	–
FEZ	Exit	SPDR EURO STOXX 50 ETFetp	$0	–	-495,800	–	-8.19%	–

Q2 2019

			Value		Shares		↓ Weighting
FEZ	New	SPDR EURO STOXX 50 ETFetp	$18,989,000	–	495,800	–	8.19%	–
EZU	New	iShares MSCI Eurozone ETFetp	$18,895,000	–	477,700	–	8.15%	–
OEF	New	iShares S&P 100 ETFetp	$18,362,000	–	141,700	–	7.92%	–
EWQ	New	iShares MSCI France ETFetp	$18,221,000	–	594,500	–	7.86%	–
EWP	New	iShares MSCI Spain ETFetp	$17,929,000	–	620,200	–	7.73%	–
CGW	New	Invesco S&P Global Water Indexetp	$16,921,000	–	451,970	–	7.30%	–
VOO	New	Vanguard S&P 500 ETFetp	$11,519,000	–	42,800	–	4.97%	–
PHO	New	Invesco Water Resources ETFetp	$11,003,000	–	309,000	–	4.75%	–
VHT	New	Vanguard Health Care ETFetp	$7,462,000	–	42,900	–	3.22%	–
IWD	New	iShares Russell 1000 Value ETFetp	$7,455,000	–	58,600	–	3.22%	–
IYF	New	iShares US Financials ETFetp	$7,422,000	–	59,100	–	3.20%	–
IYR	New	iShares U.S. Real Estate ETFetp	$7,342,000	–	84,100	–	3.17%	–
IVE	New	iShares S&P 500 Value ETFetp	$7,204,000	–	61,800	–	3.11%	–
BPMC	New	Blueprint Medicines Corp	$1,292,000	–	13,700	–	0.56%	–
ICLR	New	ICON PLC	$1,262,000	–	8,200	–	0.54%	–
TPR	New	Tapestry Inc	$1,212,000	–	38,200	–	0.52%	–
BERY	New	Berry Global Group Inc	$1,204,000	–	22,900	–	0.52%	–
HEI	New	HEICO Corp	$1,204,000	–	9,000	–	0.52%	–
JAZZ	New	Jazz Pharmaceuticals PLC	$1,190,000	–	8,350	–	0.51%	–
SBUX	New	Starbucks Corp	$1,187,000	–	14,160	–	0.51%	–
AVLR	New	Avalara Inc	$1,184,000	–	16,400	–	0.51%	–
JNJ	New	Johnson & Johnson	$1,183,000	–	8,500	–	0.51%	–
ODFL	New	Old Dominion Freight Line Inc	$1,179,000	–	7,900	–	0.51%	–
CDW	New	CDW Corp/DE	$1,176,000	–	10,600	–	0.51%	–
F	New	Ford Motor Co	$1,173,000	–	114,700	–	0.51%	–
OKTA	New	Okta Inc	$1,173,000	–	9,500	–	0.51%	–
PINC	New	Premier Inc	$1,173,000	–	30,000	–	0.51%	–
CYBR	New	CyberArk Software Ltd	$1,163,000	–	9,100	–	0.50%	–
CHGG	New	Chegg Inc	$1,157,000	–	30,000	–	0.50%	–
CTXS	New	Citrix Systems Inc	$1,158,000	–	11,800	–	0.50%	–
CVX	New	Chevron Corp	$1,157,000	–	9,300	–	0.50%	–
ALSN	New	Allison Transmission Holdings	$1,154,000	–	24,900	–	0.50%	–
VEEV	New	Veeva Systems Inc	$1,150,000	–	7,100	–	0.50%	–
FFIV	New	F5 Networks Inc	$1,150,000	–	7,900	–	0.50%	–
ABC	New	AmerisourceBergen Corp	$1,151,000	–	13,500	–	0.50%	–
GILD	New	Gilead Sciences Inc	$1,148,000	–	17,000	–	0.50%	–
NVR	New	NVR Inc	$1,145,000	–	340	–	0.49%	–
DECK	New	Deckers Outdoor Corp	$1,142,000	–	6,490	–	0.49%	–
NKE	New	NIKE Inc	$1,141,000	–	13,600	–	0.49%	–
TGE	New	Tallgrass Energy LP	$1,135,000	–	53,800	–	0.49%	–
LSTR	New	Landstar System Inc	$1,133,000	–	10,500	–	0.49%	–
PAGP	New	Plains GP Holdings LP	$1,128,000	–	45,200	–	0.49%	–
PFPT	New	Proofpoint Inc	$1,130,000	–	9,400	–	0.49%	–
PKG	New	Packaging Corp of America	$1,124,000	–	11,800	–	0.48%	–
TEAM	New	Atlassian Corp PLC	$1,125,000	–	8,600	–	0.48%	–
SPR	New	Spirit AeroSystems Holdings In	$1,122,000	–	13,800	–	0.48%	–
DRI	New	Darden Restaurants Inc	$1,119,000	–	9,200	–	0.48%	–
FDS	New	FactSet Research Systems Inc	$1,117,000	–	3,900	–	0.48%	–
AWI	New	Armstrong World Industries Inc	$1,117,000	–	11,500	–	0.48%	–
ATH	New	Athene Holding Ltd	$1,115,000	–	25,900	–	0.48%	–
COG	New	Cabot Oil & Gas Corp	$1,115,000	–	48,600	–	0.48%	–
CELG	New	Celgene Corp	$1,100,000	–	11,900	–	0.47%	–
RDN	New	Radian Group Inc	$1,099,000	–	48,100	–	0.47%	–
SPLK	New	Splunk Inc	$1,094,000	–	8,700	–	0.47%	–
PHM	New	PulteGroup Inc	$1,094,000	–	34,600	–	0.47%	–
TRIP	New	TripAdvisor Inc	$1,092,000	–	23,600	–	0.47%	–
COP	New	ConocoPhillips	$1,090,000	–	17,870	–	0.47%	–
IONS	New	Ionis Pharmaceuticals Inc	$1,079,000	–	16,800	–	0.46%	–
TNDM	New	Tandem Diabetes Care Inc	$1,071,000	–	16,600	–	0.46%	–
NXST	New	Nexstar Media Group Inc	$1,070,000	–	10,600	–	0.46%	–
AMTD	New	TD Ameritrade Holding Corp	$1,063,000	–	21,300	–	0.46%	–
NUAN	New	Nuance Communications Inc	$1,062,000	–	66,500	–	0.46%	–
ANGI	New	ANGI Homeservices Inc	$1,053,000	–	81,000	–	0.45%	–
FTNT	New	Fortinet Inc	$1,052,000	–	13,700	–	0.45%	–
INTU	New	Intuit Inc	$1,045,000	–	4,000	–	0.45%	–
SBGI	New	Sinclair Broadcast Group Inc	$1,040,000	–	19,400	–	0.45%	–
PLNT	New	Planet Fitness Inc	$999,000	–	13,800	–	0.43%	–
PS	New	Pluralsight Inc	$985,000	–	32,500	–	0.42%	–
HZNP	New	Horizon Therapeutics Plc	$938,000	–	39,000	–	0.40%	–

Q4 2018

			Value		Shares		↓ Weighting
MKSI	Exit	MKS Instruments Inc	$0	–	-11,600	–	-0.47%	–
NCR	Exit	NCR Corp	$0	–	-32,700	–	-0.47%	–
LYB	Exit	LyondellBasell Industries NV	$0	–	-9,900	–	-0.51%	–
F	Exit	Ford Motor Co	$0	–	-110,400	–	-0.51%	–
AMAT	Exit	Applied Materials Inc	$0	–	-26,800	–	-0.52%	–
WDC	Exit	Western Digital Corp	$0	–	-17,700	–	-0.52%	–
LEA	Exit	Lear Corp	$0	–	-7,300	–	-0.53%	–
KLAC	Exit	KLA-Tencor Corp	$0	–	-10,400	–	-0.53%	–
FSLR	Exit	First Solar Inc	$0	–	-21,900	–	-0.53%	–
USFD	Exit	US Foods Holding Corp	$0	–	-35,000	–	-0.54%	–
SWKS	Exit	Skyworks Solutions Inc	$0	–	-11,900	–	-0.54%	–
PPC	Exit	Pilgrim's Pride Corp	$0	–	-60,300	–	-0.55%	–
SYF	Exit	Synchrony Financial	$0	–	-35,400	–	-0.55%	–
CC	Exit	Chemours Co/The	$0	–	-27,900	–	-0.55%	–
BTU	Exit	Peabody Energy Corp	$0	–	-30,900	–	-0.55%	–
OLN	Exit	Olin Corp	$0	–	-42,900	–	-0.55%	–
GM	Exit	General Motors Co	$0	–	-33,100	–	-0.56%	–
PAGP	Exit	Plains GP Holdings LP	$0	–	-45,900	–	-0.56%	–
MU	Exit	Micron Technology Inc	$0	–	-25,000	–	-0.57%	–
STX	Exit	Seagate Technology PLC	$0	–	-23,900	–	-0.57%	–
LPX	Exit	Louisiana-Pacific Corp	$0	–	-42,700	–	-0.57%	–
FCX	Exit	Freeport-McMoRan Inc	$0	–	-81,700	–	-0.57%	–
PSX	Exit	Phillips 66	$0	–	-10,100	–	-0.57%	–
LRCX	Exit	Lam Research Corp	$0	–	-7,500	–	-0.57%	–
DFS	Exit	Discover Financial Services	$0	–	-14,900	–	-0.57%	–
HUN	Exit	Huntsman Corp	$0	–	-41,900	–	-0.57%	–
DK	Exit	Delek US Holdings Inc	$0	–	-27,100	–	-0.58%	–
CE	Exit	Celanese Corp	$0	–	-10,200	–	-0.58%	–
WMT	Exit	Walmart Inc	$0	–	-12,400	–	-0.58%	–
NXPI	Exit	NXP Semiconductors NV	$0	–	-13,700	–	-0.59%	–
ESRX	Exit	Express Scripts Holding Co	$0	–	-12,400	–	-0.59%	–
KSS	Exit	Kohl's Corp	$0	–	-15,800	–	-0.59%	–
HRB	Exit	H&R Block Inc	$0	–	-46,300	–	-0.60%	–
IBM	Exit	International Business Machine	$0	–	-7,900	–	-0.60%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-24,700	–	-0.60%	–
CNC	Exit	Centene Corp	$0	–	-8,300	–	-0.60%	–
DVA	Exit	DaVita Inc	$0	–	-16,800	–	-0.60%	–
COF	Exit	Capital One Financial Corp	$0	–	-12,700	–	-0.60%	–
FL	Exit	Foot Locker Inc	$0	–	-23,800	–	-0.61%	–
BERY	Exit	Berry Global Group Inc	$0	–	-25,100	–	-0.61%	–
VLO	Exit	Valero Energy Corp	$0	–	-10,700	–	-0.61%	–
FCAU	Exit	Fiat Chrysler Automobiles NV	$0	–	-70,600	–	-0.62%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-16,000	–	-0.62%	–
PBF	Exit	PBF Energy Inc	$0	–	-24,800	–	-0.62%	–
HFC	Exit	HollyFrontier Corp	$0	–	-17,900	–	-0.63%	–
TSE	Exit	Trinseo SA	$0	–	-16,000	–	-0.63%	–
ADS	Exit	Alliance Data Systems Corp	$0	–	-5,300	–	-0.63%	–
BMY	Exit	Bristol-Myers Squibb Co	$0	–	-20,700	–	-0.64%	–
DXC	Exit	DXC Technology Co	$0	–	-13,900	–	-0.65%	–
SLV	Exit	iShares Silver Trustetp	$0	–	-98,900	–	-0.68%	–
MPC	Exit	Marathon Petroleum Corp	$0	–	-17,270	–	-0.69%	–
AMGN	Exit	Amgen Inc	$0	–	-6,700	–	-0.70%	–
CVS	Exit	CVS Health Corp	$0	–	-17,800	–	-0.70%	–
CI	Exit	Cigna Corp	$0	–	-6,800	–	-0.71%	–
HCA	Exit	HCA Healthcare Inc	$0	–	-11,200	–	-0.78%	–
UNG	Exit	United States Natural Gas Fundetp	$0	–	-79,650	–	-0.99%	–
DBA	Exit	Invesco DB Agriculture Fundetp	$0	–	-117,700	–	-1.00%	–
USO	Exit	United States Oil Fund LPetp	$0	–	-313,200	–	-2.44%	–
EWG	Exit	iShares MSCI Germany ETFetp	$0	–	-209,500	–	-3.13%	–
VFH	Exit	Vanguard Financials ETFetp	$0	–	-90,600	–	-3.15%	–
IJR	Exit	iShares Core S&P Small-Cap ETFetp	$0	–	-73,200	–	-3.20%	–
EWQ	Exit	iShares MSCI France ETFetp	$0	–	-205,200	–	-3.23%	–
IJT	Exit	iShares S&P Small-Cap 600 Growetp	$0	–	-32,000	–	-3.24%	–
XLK	Exit	Technology Select Sector SPDRetp	$0	–	-87,600	–	-3.31%	–
VHT	Exit	Vanguard Health Care ETFetp	$0	–	-36,700	–	-3.32%	–
SPY	Exit	SPDR S&P 500 ETF Trustetp	$0	–	-22,900	–	-3.34%	–
IVV	Exit	iShares Core S&P 500 ETFetp	$0	–	-22,800	–	-3.35%	–
IVW	Exit	iShares S&P 500 Growth ETFetp	$0	–	-37,900	–	-3.37%	–
IAU	Exit	iShares Gold Trustetp	$0	–	-630,300	–	-3.62%	–
DBB	Exit	Invesco DB Base Metals Fundetp	$0	–	-510,200	–	-4.26%	–
DBC	Exit	Invesco DB Commodity Index Traetp	$0	–	-533,700	–	-4.81%	–
PHO	Exit	Invesco Water Resources ETFetp	$0	–	-309,000	–	-4.93%	–
PPLT	Exit	Aberdeen Standard Physical Plaetp	$0	–	-128,900	–	-5.00%	–
CGW	Exit	Invesco S&P Global Water Indexetp	$0	–	-451,970	–	-7.91%	–

Q3 2018

			Value		Shares		↓ Weighting
PPLT	New	Aberdeen Standard Physical Plaetp	$9,972,000	–	128,900	–	5.00%	–
DBC	New	Invesco DB Commodity Index Traetp	$9,590,000	–	533,700	–	4.81%	–
IAU	Sell	iShares Gold Trustetp	$7,204,000	-68.7%	630,300	-67.1%	3.62%	-49.7%
IVW	Buy	iShares S&P 500 Growth ETFetp	$6,714,000	+11.6%	37,900	+2.4%	3.37%	+79.4%
IVV	Buy	iShares Core S&P 500 ETFetp	$6,674,000	+13.2%	22,800	+5.6%	3.35%	+82.0%
SPY	Buy	SPDR S&P 500 ETF Trustetp	$6,657,000	+13.1%	22,900	+5.5%	3.34%	+81.8%
VHT	New	Vanguard Health Care ETFetp	$6,621,000	–	36,700	–	3.32%	–
XLK	New	Technology Select Sector SPDRetp	$6,598,000	–	87,600	–	3.31%	–
IJT	New	iShares S&P Small-Cap 600 Growetp	$6,455,000	–	32,000	–	3.24%	–
EWQ	Sell	iShares MSCI France ETFetp	$6,441,000	-59.2%	205,200	-60.4%	3.23%	-34.5%
IJR	New	iShares Core S&P Small-Cap ETFetp	$6,385,000	–	73,200	–	3.20%	–
VFH	Buy	Vanguard Financials ETFetp	$6,284,000	+8.2%	90,600	+5.2%	3.15%	+74.0%
EWG	New	iShares MSCI Germany ETFetp	$6,230,000	–	209,500	–	3.13%	–
USO	Sell	United States Oil Fund LPetp	$4,860,000	-61.4%	313,200	-62.5%	2.44%	-37.9%
DBA	Sell	Invesco DB Agriculture Fundetp	$1,990,000	-89.6%	117,700	-88.9%	1.00%	-83.3%
UNG	Sell	United States Natural Gas Fundetp	$1,977,000	-62.2%	79,650	-63.9%	0.99%	-39.2%
CVS	Buy	CVS Health Corp	$1,401,000	+29.6%	17,800	+6.0%	0.70%	+108.0%
SLV	Sell	iShares Silver Trustetp	$1,357,000	-91.5%	98,900	-90.6%	0.68%	-86.4%
BMY	New	Bristol-Myers Squibb Co	$1,285,000	–	20,700	–	0.64%	–
TSE	Sell	Trinseo SA	$1,252,000	-0.2%	16,000	-9.6%	0.63%	+60.2%
HFC	New	HollyFrontier Corp	$1,251,000	–	17,900	–	0.63%	–
PBF	Sell	PBF Energy Inc	$1,237,000	+9.8%	24,800	-7.8%	0.62%	+76.4%
FCAU	Buy	Fiat Chrysler Automobiles NV	$1,236,000	+24.5%	70,600	+34.2%	0.62%	+100.0%
GILD	Sell	Gilead Sciences Inc	$1,235,000	+3.2%	16,000	-5.3%	0.62%	+65.8%
VLO	Buy	Valero Energy Corp	$1,217,000	+12.1%	10,700	+9.2%	0.61%	+80.2%
FL	Buy	Foot Locker Inc	$1,213,000	+11.1%	23,800	+14.7%	0.61%	+78.6%
DVA	New	DaVita Inc	$1,203,000	–	16,800	–	0.60%	–
CNC	New	Centene Corp	$1,201,000	–	8,300	–	0.60%	–
CSCO	New	Cisco Systems Inc	$1,201,000	–	24,700	–	0.60%	–
IBM	Sell	International Business Machine	$1,194,000	+6.9%	7,900	-1.2%	0.60%	+71.6%
HRB	Sell	H&R Block Inc	$1,192,000	+9.3%	46,300	-3.3%	0.60%	+75.4%
ESRX	New	Express Scripts Holding Co	$1,178,000	–	12,400	–	0.59%	–
KSS	New	Kohl's Corp	$1,177,000	–	15,800	–	0.59%	–
NXPI	New	NXP Semiconductors NV	$1,171,000	–	13,700	–	0.59%	–
WMT	New	Walmart Inc	$1,164,000	–	12,400	–	0.58%	–
CE	New	Celanese Corp	$1,162,000	–	10,200	–	0.58%	–
DK	New	Delek US Holdings Inc	$1,149,000	–	27,100	–	0.58%	–
HUN	Buy	Huntsman Corp	$1,140,000	+4.4%	41,900	+12.0%	0.57%	+67.7%
DFS	Sell	Discover Financial Services	$1,139,000	+5.5%	14,900	-2.9%	0.57%	+69.7%
LRCX	Buy	Lam Research Corp	$1,137,000	-1.8%	7,500	+11.9%	0.57%	+57.7%
PSX	Sell	Phillips 66	$1,138,000	-0.6%	10,100	-1.0%	0.57%	+59.9%
FCX	Buy	Freeport-McMoRan Inc	$1,137,000	-0.3%	81,700	+23.6%	0.57%	+60.4%
STX	Buy	Seagate Technology PLC	$1,131,000	-1.7%	23,900	+17.3%	0.57%	+58.2%
PAGP	New	Plains GP Holdings LP	$1,125,000	–	45,900	–	0.56%	–
GM	Buy	General Motors Co	$1,114,000	+5.2%	33,100	+23.0%	0.56%	+68.9%
OLN	New	Olin Corp	$1,101,000	–	42,900	–	0.55%	–
CC	Buy	Chemours Co/The	$1,100,000	+4.7%	27,900	+17.7%	0.55%	+68.3%
SWKS	New	Skyworks Solutions Inc	$1,079,000	–	11,900	–	0.54%	–
USFD	New	US Foods Holding Corp	$1,078,000	–	35,000	–	0.54%	–
FSLR	New	First Solar Inc	$1,060,000	–	21,900	–	0.53%	–
LEA	New	Lear Corp	$1,058,000	–	7,300	–	0.53%	–
KLAC	Sell	KLA-Tencor Corp	$1,057,000	-9.5%	10,400	-8.8%	0.53%	+45.5%
AMAT	New	Applied Materials Inc	$1,035,000	–	26,800	–	0.52%	–
WDC	Buy	Western Digital Corp	$1,036,000	-10.8%	17,700	+18.0%	0.52%	+43.6%
F	Sell	Ford Motor Co	$1,021,000	-17.7%	110,400	-1.5%	0.51%	+32.3%
LAZ	Exit	Lazard Ltd	$0	–	-21,100	–	-0.32%	–
MIK	Exit	Michaels Cos Inc/The	$0	–	-54,000	–	-0.32%	–
RLGY	Exit	Realogy Holdings Corp	$0	–	-45,600	–	-0.32%	–
AA	Exit	Alcoa Corp	$0	–	-22,200	–	-0.32%	–
HAL	Exit	Halliburton Co	$0	–	-24,500	–	-0.34%	–
ON	Exit	ON Semiconductor Corp	$0	–	-50,300	–	-0.35%	–
PRU	Exit	Prudential Financial Inc	$0	–	-12,000	–	-0.35%	–
DAL	Exit	Delta Air Lines Inc	$0	–	-22,700	–	-0.35%	–
EVR	Exit	Evercore Inc	$0	–	-10,800	–	-0.36%	–
TER	Exit	Teradyne Inc	$0	–	-30,000	–	-0.36%	–
CMI	Exit	Cummins Inc	$0	–	-8,700	–	-0.36%	–
THG	Exit	Hanover Insurance Group Inc/Th	$0	–	-9,700	–	-0.36%	–
BIIB	Exit	Biogen Inc	$0	–	-4,000	–	-0.36%	–
JNPR	Exit	Juniper Networks Inc	$0	–	-43,200	–	-0.37%	–
X	Exit	United States Steel Corp	$0	–	-34,800	–	-0.38%	–
JLL	Exit	Jones Lang LaSalle Inc	$0	–	-7,600	–	-0.39%	–
CBRE	Exit	CBRE Group Inc	$0	–	-26,500	–	-0.40%	–
OMF	Exit	OneMain Holdings Inc	$0	–	-38,600	–	-0.40%	–
VGT	Exit	Vanguard Information Technologetp	$0	–	-33,300	–	-1.89%	–
VOX	Exit	Vanguard Communication Serviceetp	$0	–	-71,200	–	-1.89%	–
IJK	Exit	iShares S&P Mid-Cap 400 Growthetp	$0	–	-27,000	–	-1.90%	–
VO	Exit	Vanguard Mid-Cap ETFetp	$0	–	-66,500	–	-3.27%	–
PPLT	Exit	ETFS Physical Platinum Sharesetp	$0	–	-154,200	–	-3.91%	–
USCI	Exit	United States Commodity Indexetp	$0	–	-334,100	–	-4.56%	–
EWP	Exit	iShares MSCI Spain ETFetp	$0	–	-536,400	–	-5.08%	–
IJH	Exit	iShares Core S&P Mid-Cap ETFetp	$0	–	-84,700	–	-5.15%	–
RSP	Exit	Invesco S&P 500 Equal Weight Eetp	$0	–	-206,000	–	-6.55%	–

Q2 2018

			Value		Shares		↓ Weighting
IAU	New	iShares Gold Trustetp	$23,026,000	–	1,915,700	–	7.19%	–
RSP	New	Invesco S&P 500 Equal Weight Eetp	$20,989,000	–	206,000	–	6.55%	–
DBA	New	Invesco DB Agriculture Fundetp	$19,133,000	–	1,061,200	–	5.97%	–
IJH	New	iShares Core S&P Mid-Cap ETFetp	$16,497,000	–	84,700	–	5.15%	–
EWP	New	iShares MSCI Spain ETFetp	$16,279,000	–	536,400	–	5.08%	–
SLV	New	iShares Silver Trustetp	$16,021,000	–	1,057,500	–	5.00%	–
EWQ	New	iShares MSCI France ETFetp	$15,806,000	–	517,900	–	4.94%	–
CGW	New	Invesco S&P Global Water Indexetp	$15,136,000	–	451,970	–	4.73%	–
USCI	New	United States Commodity Indexetp	$14,606,000	–	334,100	–	4.56%	–
USO	New	United States Oil Fund LPetp	$12,579,000	–	835,300	–	3.93%	–
PPLT	New	ETFS Physical Platinum Sharesetp	$12,511,000	–	154,200	–	3.91%	–
VO	New	Vanguard Mid-Cap ETFetp	$10,483,000	–	66,500	–	3.27%	–
PHO	New	Invesco Water Resources ETFetp	$9,334,000	–	309,000	–	2.91%	–
DBB	New	Invesco DB Base Metals Fundetp	$8,974,000	–	510,200	–	2.80%	–
IJK	New	iShares S&P Mid-Cap 400 Growthetp	$6,069,000	–	27,000	–	1.90%	–
VOX	New	Vanguard Communication Serviceetp	$6,046,000	–	71,200	–	1.89%	–
VGT	New	Vanguard Information Technologetp	$6,040,000	–	33,300	–	1.89%	–
IVW	New	iShares S&P 500 Growth ETFetp	$6,016,000	–	37,000	–	1.88%	–
IVV	New	iShares Core S&P 500 ETFetp	$5,897,000	–	21,600	–	1.84%	–
SPY	New	SPDR S&P 500 ETF Trustetp	$5,886,000	–	21,700	–	1.84%	–
VFH	New	Vanguard Financials ETFetp	$5,807,000	–	86,100	–	1.81%	–
UNG	New	United States Natural Gas Fundetp	$5,224,000	–	220,425	–	1.63%	–
BTU	New	Peabody Energy Corp	$1,405,000	–	30,900	–	0.44%	–
MU	New	Micron Technology Inc	$1,311,000	–	25,000	–	0.41%	–
OMF	New	OneMain Holdings Inc	$1,284,000	–	38,600	–	0.40%	–
CBRE	New	CBRE Group Inc	$1,265,000	–	26,500	–	0.40%	–
JLL	New	Jones Lang LaSalle Inc	$1,261,000	–	7,600	–	0.39%	–
TSE	New	Trinseo SA	$1,255,000	–	17,700	–	0.39%	–
F	New	Ford Motor Co	$1,240,000	–	112,100	–	0.39%	–
ADS	New	Alliance Data Systems Corp	$1,235,000	–	5,300	–	0.39%	–
AMGN	New	Amgen Inc	$1,236,000	–	6,700	–	0.39%	–
PPC	New	Pilgrim's Pride Corp	$1,213,000	–	60,300	–	0.38%	–
MPC	New	Marathon Petroleum Corp	$1,211,000	–	17,270	–	0.38%	–
X	New	United States Steel Corp	$1,209,000	–	34,800	–	0.38%	–
GILD	New	Gilead Sciences Inc	$1,197,000	–	16,900	–	0.37%	–
JNPR	New	Juniper Networks Inc	$1,184,000	–	43,200	–	0.37%	–
SYF	New	Synchrony Financial	$1,181,000	–	35,400	–	0.37%	–
KLAC	New	KLA-Tencor Corp	$1,168,000	–	11,400	–	0.36%	–
COF	New	Capital One Financial Corp	$1,167,000	–	12,700	–	0.36%	–
LPX	New	Louisiana-Pacific Corp	$1,162,000	–	42,700	–	0.36%	–
BIIB	New	Biogen Inc	$1,160,000	–	4,000	–	0.36%	–
THG	New	Hanover Insurance Group Inc/Th	$1,159,000	–	9,700	–	0.36%	–
WDC	New	Western Digital Corp	$1,161,000	–	15,000	–	0.36%	–
LRCX	New	Lam Research Corp	$1,158,000	–	6,700	–	0.36%	–
CI	New	Cigna Corp	$1,155,000	–	6,800	–	0.36%	–
CMI	New	Cummins Inc	$1,157,000	–	8,700	–	0.36%	–
BERY	New	Berry Global Group Inc	$1,153,000	–	25,100	–	0.36%	–
HCA	New	HCA Healthcare Inc	$1,149,000	–	11,200	–	0.36%	–
STX	New	Seagate Technology PLC	$1,150,000	–	20,380	–	0.36%	–
TER	New	Teradyne Inc	$1,142,000	–	30,000	–	0.36%	–
PSX	New	Phillips 66	$1,145,000	–	10,200	–	0.36%	–
FCX	New	Freeport-McMoRan Inc	$1,140,000	–	66,100	–	0.36%	–
EVR	New	Evercore Inc	$1,138,000	–	10,800	–	0.36%	–
PBF	New	PBF Energy Inc	$1,127,000	–	26,900	–	0.35%	–
DAL	New	Delta Air Lines Inc	$1,124,000	–	22,700	–	0.35%	–
DXC	New	DXC Technology Co	$1,120,000	–	13,900	–	0.35%	–
PRU	New	Prudential Financial Inc	$1,122,000	–	12,000	–	0.35%	–
ON	New	ON Semiconductor Corp	$1,118,000	–	50,300	–	0.35%	–
IBM	New	International Business Machine	$1,117,000	–	8,000	–	0.35%	–
MKSI	New	MKS Instruments Inc	$1,110,000	–	11,600	–	0.35%	–
HAL	New	Halliburton Co	$1,103,000	–	24,500	–	0.34%	–
FL	New	Foot Locker Inc	$1,092,000	–	20,750	–	0.34%	–
HUN	New	Huntsman Corp	$1,092,000	–	37,400	–	0.34%	–
HRB	New	H&R Block Inc	$1,091,000	–	47,900	–	0.34%	–
LYB	New	LyondellBasell Industries NV	$1,087,000	–	9,900	–	0.34%	–
VLO	New	Valero Energy Corp	$1,086,000	–	9,800	–	0.34%	–
CVS	New	CVS Health Corp	$1,081,000	–	16,800	–	0.34%	–
DFS	New	Discover Financial Services	$1,080,000	–	15,340	–	0.34%	–
GM	New	General Motors Co	$1,059,000	–	26,900	–	0.33%	–
CC	New	Chemours Co/The	$1,051,000	–	23,700	–	0.33%	–
AA	New	Alcoa Corp	$1,040,000	–	22,200	–	0.32%	–
RLGY	New	Realogy Holdings Corp	$1,039,000	–	45,600	–	0.32%	–
MIK	New	Michaels Cos Inc/The	$1,035,000	–	54,000	–	0.32%	–
LAZ	New	Lazard Ltd	$1,032,000	–	21,100	–	0.32%	–
FCAU	New	Fiat Chrysler Automobiles NV	$993,000	–	52,600	–	0.31%	–
NCR	New	NCR Corp	$980,000	–	32,700	–	0.31%	–

Q4 2017

			Value		Shares		↓ Weighting
FL	Exit	Foot Locker Inc	$0	–	-18,500	–	-0.21%	–
STX	Exit	Seagate Technology PLC	$0	–	-23,000	–	-0.24%	–
ESRX	Exit	Express Scripts Holding Co	$0	–	-14,900	–	-0.30%	–
CRUS	Exit	Cirrus Logic Inc	$0	–	-17,900	–	-0.30%	–
WBA	Exit	Walgreens Boots Alliance Inc	$0	–	-12,700	–	-0.31%	–
SYF	Exit	Synchrony Financial	$0	–	-31,600	–	-0.31%	–
M	Exit	Macy's Inc	$0	–	-46,300	–	-0.32%	–
JNPR	Exit	Juniper Networks Inc	$0	–	-36,700	–	-0.32%	–
ALK	Exit	Alaska Air Group Inc	$0	–	-13,800	–	-0.33%	–
CVS	Exit	CVS Health Corp	$0	–	-13,400	–	-0.34%	–
AAPL	Exit	Apple Inc	$0	–	-7,300	–	-0.36%	–
PAGP	Exit	Plains GP Holdings LP	$0	–	-52,000	–	-0.36%	–
LAZ	Exit	Lazard Ltd	$0	–	-25,300	–	-0.36%	–
X	Exit	United States Steel Corp	$0	–	-44,600	–	-0.36%	–
SWKS	Exit	Skyworks Solutions Inc	$0	–	-11,300	–	-0.36%	–
USFD	Exit	US Foods Holding Corp	$0	–	-43,400	–	-0.37%	–
ANTM	Exit	Anthem Inc	$0	–	-6,100	–	-0.37%	–
TMHC	Exit	Taylor Morrison Home Corp	$0	–	-52,700	–	-0.37%	–
SWN	Exit	Southwestern Energy Co	$0	–	-190,800	–	-0.37%	–
RLGY	Exit	Realogy Holdings Corp	$0	–	-35,400	–	-0.37%	–
ADS	Exit	Alliance Data Systems Corp	$0	–	-5,300	–	-0.37%	–
MIK	Exit	Michaels Cos Inc/The	$0	–	-54,900	–	-0.37%	–
EVR	Exit	Evercore Inc	$0	–	-14,800	–	-0.38%	–
TSE	Exit	Trinseo SA	$0	–	-17,700	–	-0.38%	–
HCA	Exit	HCA Healthcare Inc	$0	–	-14,900	–	-0.38%	–
WDC	Exit	Western Digital Corp	$0	–	-13,800	–	-0.38%	–
HRB	Exit	H&R Block Inc	$0	–	-45,100	–	-0.38%	–
HUN	Exit	Huntsman Corp	$0	–	-43,600	–	-0.38%	–
FCX	Exit	Freeport-McMoRan Inc	$0	–	-86,100	–	-0.38%	–
JLL	Exit	Jones Lang LaSalle Inc	$0	–	-9,900	–	-0.39%	–
IDCC	Exit	InterDigital Inc/PA	$0	–	-16,600	–	-0.39%	–
NCR	Exit	NCR Corp	$0	–	-32,700	–	-0.39%	–
UHS	Exit	Universal Health Services Inc	$0	–	-11,100	–	-0.39%	–
ARRS	Exit	ARRIS International PLC	$0	–	-43,200	–	-0.39%	–
HLS	Exit	HealthSouth Corp	$0	–	-26,600	–	-0.39%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-6,300	–	-0.39%	–
CBRE	Exit	CBRE Group Inc	$0	–	-32,700	–	-0.39%	–
TECD	Exit	Tech Data Corp	$0	–	-14,400	–	-0.40%	–
ACM	Exit	AECOM	$0	–	-35,000	–	-0.41%	–
TGT	Exit	Target Corp	$0	–	-21,900	–	-0.41%	–
XRX	Exit	Xerox Corp	$0	–	-39,000	–	-0.41%	–
BBY	Exit	Best Buy Co Inc	$0	–	-22,900	–	-0.41%	–
LUV	Exit	Southwest Airlines Co	$0	–	-23,300	–	-0.41%	–
AMAT	Exit	Applied Materials Inc	$0	–	-25,100	–	-0.41%	–
CI	Exit	Cigna Corp	$0	–	-7,000	–	-0.41%	–
LPX	Exit	Louisiana-Pacific Corp	$0	–	-48,800	–	-0.42%	–
MNKKQ	Exit	Mallinckrodt PLC	$0	–	-35,500	–	-0.42%	–
VMW	Exit	VMware Inc	$0	–	-12,400	–	-0.43%	–
LRCX	Exit	Lam Research Corp	$0	–	-7,400	–	-0.43%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-17,400	–	-0.45%	–
CNC	Exit	Centene Corp	$0	–	-14,900	–	-0.46%	–
VLO	Exit	Valero Energy Corp	$0	–	-19,300	–	-0.47%	–
BNO	Exit	United States Brent Oil Fund Letp	$0	–	-168,600	–	-0.81%	–
DBE	Exit	PowerShares DB Energy Fundetp	$0	–	-272,400	–	-1.10%	–
PPLT	Exit	ETFS Physical Platinum Sharesetp	$0	–	-40,700	–	-1.12%	–
USCI	Exit	United States Commodity Indexetp	$0	–	-135,900	–	-1.72%	–
VGT	Exit	Vanguard Information Technologetp	$0	–	-40,200	–	-1.93%	–
IVE	Exit	iShares S&P 500 Value ETFetp	$0	–	-58,100	–	-1.98%	–
IJJ	Exit	iShares S&P Mid-Cap 400 Valueetp	$0	–	-41,400	–	-2.00%	–
VDE	Exit	Vanguard Energy ETFetp	$0	–	-68,300	–	-2.02%	–
VFH	Exit	Vanguard Financials ETFetp	$0	–	-99,000	–	-2.05%	–
SLV	Exit	iShares Silver Trustetp	$0	–	-531,200	–	-2.64%	–
DBB	Exit	PowerShares DB Base Metals Funetp	$0	–	-485,400	–	-2.78%	–
PHO	Exit	PowerShares Water Resources Poetp	$0	–	-309,000	–	-2.78%	–
VO	Exit	Vanguard Mid-Cap ETFetp	$0	–	-74,000	–	-3.44%	–
USO	Exit	United States Oil Fund LPetp	$0	–	-1,109,400	–	-3.66%	–
UNG	Exit	United States Natural Gas Fundetp	$0	–	-1,846,500	–	-3.84%	–
CGW	Exit	Guggenheim S&P Global Water Inetp	$0	–	-451,970	–	-4.92%	–
DBC	Exit	PowerShares DB Commodity Indexetp	$0	–	-1,016,000	–	-4.95%	–
FEZ	Exit	SPDR EURO STOXX 50 ETFetp	$0	–	-414,100	–	-5.40%	–
EZU	Exit	iShares MSCI Eurozone ETFetp	$0	–	-395,100	–	-5.41%	–
EWI	Exit	iShares MSCI Italy Capped ETFetp	$0	–	-546,300	–	-5.42%	–
IJH	Exit	iShares Core S&P Mid-Cap ETFetp	$0	–	-96,000	–	-5.43%	–
EWQ	Exit	iShares MSCI France ETFetp	$0	–	-556,800	–	-5.44%	–
IAU	Exit	iShares Gold Trustetp	$0	–	-2,489,400	–	-9.69%	–

Q3 2017

			Value		Shares		↓ Weighting
IAU	Buy	iShares Gold Trustetp	$30,644,000	+2209.3%	2,489,400	+2138.7%	9.69%	+1639.5%
EWQ	New	iShares MSCI France ETFetp	$17,205,000	–	556,800	–	5.44%	–
IJH	Sell	iShares Core S&P Mid-Cap ETFetp	$17,174,000	+0.9%	96,000	-1.9%	5.43%	-24.0%
EWI	Sell	iShares MSCI Italy Capped ETFetp	$17,131,000	+0.5%	546,300	-10.9%	5.42%	-24.3%
EZU	Sell	iShares MSCI Eurozone ETFetp	$17,115,000	-4.7%	395,100	-11.3%	5.41%	-28.2%
FEZ	Sell	SPDR EURO STOXX 50 ETFetp	$17,081,000	+5.6%	414,100	-1.5%	5.40%	-20.5%
DBC	New	PowerShares DB Commodity Indexetp	$15,646,000	–	1,016,000	–	4.95%	–
UNG	New	United States Natural Gas Fundetp	$12,131,000	–	1,846,500	–	3.84%	–
USO	New	United States Oil Fund LPetp	$11,571,000	–	1,109,400	–	3.66%	–
VO	Sell	Vanguard Mid-Cap ETFetp	$10,878,000	-2.4%	74,000	-5.4%	3.44%	-26.5%
SLV	Buy	iShares Silver Trustetp	$8,361,000	+519.8%	531,200	+518.4%	2.64%	+367.1%
VFH	Buy	Vanguard Financials ETFetp	$6,470,000	+9.7%	99,000	+5.0%	2.05%	-17.4%
VDE	New	Vanguard Energy ETFetp	$6,391,000	–	68,300	–	2.02%	–
IJJ	Buy	iShares S&P Mid-Cap 400 Valueetp	$6,323,000	+6.2%	41,400	+3.2%	2.00%	-20.1%
IVE	Buy	iShares S&P 500 Value ETFetp	$6,269,000	+6.5%	58,100	+3.6%	1.98%	-19.8%
USCI	Sell	United States Commodity Indexetp	$5,441,000	-37.1%	135,900	-39.6%	1.72%	-52.7%
PPLT	Sell	ETFS Physical Platinum Sharesetp	$3,550,000	-51.7%	40,700	-51.1%	1.12%	-63.6%
DBE	New	PowerShares DB Energy Fundetp	$3,494,000	–	272,400	–	1.10%	–
BNO	New	United States Brent Oil Fund Letp	$2,555,000	–	168,600	–	0.81%	–
MNKKQ	Buy	Mallinckrodt PLC	$1,326,000	+13.8%	35,500	+36.5%	0.42%	-14.3%
LPX	New	Louisiana-Pacific Corp	$1,321,000	–	48,800	–	0.42%	–
BBY	New	Best Buy Co Inc	$1,304,000	–	22,900	–	0.41%	–
LUV	New	Southwest Airlines Co	$1,304,000	–	23,300	–	0.41%	–
XRX	New	Xerox Corp	$1,298,000	–	39,000	–	0.41%	–
TGT	New	Target Corp	$1,292,000	–	21,900	–	0.41%	–
ACM	New	AECOM	$1,288,000	–	35,000	–	0.41%	–
TECD	New	Tech Data Corp	$1,279,000	–	14,400	–	0.40%	–
CBRE	New	CBRE Group Inc	$1,238,000	–	32,700	–	0.39%	–
HLS	New	HealthSouth Corp	$1,232,000	–	26,600	–	0.39%	–
UHS	New	Universal Health Services Inc	$1,231,000	–	11,100	–	0.39%	–
NCR	Buy	NCR Corp	$1,226,000	+20.1%	32,700	+30.8%	0.39%	-9.6%
IDCC	New	InterDigital Inc/PA	$1,224,000	–	16,600	–	0.39%	–
JLL	New	Jones Lang LaSalle Inc	$1,222,000	–	9,900	–	0.39%	–
FCX	New	Freeport-McMoRan Inc	$1,208,000	–	86,100	–	0.38%	–
HRB	New	H&R Block Inc	$1,194,000	–	45,100	–	0.38%	–
WDC	New	Western Digital Corp	$1,192,000	–	13,800	–	0.38%	–
TSE	New	Trinseo SA	$1,187,000	–	17,700	–	0.38%	–
MIK	New	Michaels Cos Inc/The	$1,178,000	–	54,900	–	0.37%	–
ADS	New	Alliance Data Systems Corp	$1,174,000	–	5,300	–	0.37%	–
RLGY	Sell	Realogy Holdings Corp	$1,166,000	-2.0%	35,400	-3.5%	0.37%	-26.2%
SWN	New	Southwestern Energy Co	$1,165,000	–	190,800	–	0.37%	–
TMHC	New	Taylor Morrison Home Corp	$1,162,000	–	52,700	–	0.37%	–
USFD	New	US Foods Holding Corp	$1,158,000	–	43,400	–	0.37%	–
SWKS	New	Skyworks Solutions Inc	$1,151,000	–	11,300	–	0.36%	–
X	New	United States Steel Corp	$1,144,000	–	44,600	–	0.36%	–
PAGP	New	Plains GP Holdings LP	$1,137,000	–	52,000	–	0.36%	–
AAPL	New	Apple Inc	$1,125,000	–	7,300	–	0.36%	–
ALK	New	Alaska Air Group Inc	$1,052,000	–	13,800	–	0.33%	–
DFS	Exit	Discover Financial Services	$0	–	-14,800	–	-0.39%	–
F	Exit	Ford Motor Co	$0	–	-86,000	–	-0.40%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-32,500	–	-0.43%	–
BIG	Exit	Big Lots Inc	$0	–	-21,700	–	-0.44%	–
FLEX	Exit	Flex Ltd	$0	–	-64,900	–	-0.44%	–
GM	Exit	General Motors Co	$0	–	-30,300	–	-0.44%	–
SANM	Exit	Sanmina Corp	$0	–	-28,200	–	-0.45%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-14,300	–	-0.45%	–
HA	Exit	Hawaiian Holdings Inc	$0	–	-23,100	–	-0.46%	–
DVA	Exit	DaVita Inc	$0	–	-16,800	–	-0.46%	–
UAL	Exit	United Continental Holdings In	$0	–	-14,500	–	-0.46%	–
AES	Exit	AES Corp/VA	$0	–	-98,700	–	-0.46%	–
SAIC	Exit	Science Applications Internati	$0	–	-15,800	–	-0.46%	–
STLD	Exit	Steel Dynamics Inc	$0	–	-31,200	–	-0.47%	–
RE	Exit	Everest Re Group Ltd	$0	–	-4,400	–	-0.47%	–
FCAU	Exit	Fiat Chrysler Automobiles NV	$0	–	-105,500	–	-0.47%	–
RDN	Exit	Radian Group Inc	$0	–	-69,900	–	-0.48%	–
J	Exit	Jacobs Engineering Group Inc	$0	–	-21,000	–	-0.48%	–
FLR	Exit	Fluor Corp	$0	–	-25,100	–	-0.48%	–
COF	Exit	Capital One Financial Corp	$0	–	-14,000	–	-0.48%	–
OMF	Exit	OneMain Holdings Inc	$0	–	-48,100	–	-0.50%	–
LEA	Exit	Lear Corp	$0	–	-8,400	–	-0.50%	–
C	Exit	Citigroup Inc	$0	–	-18,400	–	-0.52%	–
MPC	Exit	Marathon Petroleum Corp	$0	–	-24,600	–	-0.54%	–
DAL	Exit	Delta Air Lines Inc	$0	–	-25,300	–	-0.57%	–
TSO	Exit	Tesoro Corp	$0	–	-14,900	–	-0.58%	–
PALL	Exit	ETFS Physical Palladium Sharesetp	$0	–	-70,400	–	-2.38%	–
VIS	Exit	Vanguard Industrials ETFetp	$0	–	-46,100	–	-2.48%	–
EWP	Exit	iShares MSCI Spain Capped ETFetp	$0	–	-495,800	–	-6.84%	–

Q2 2017

			Value		Shares		↓ Weighting
EZU	New	iShares MSCI Eurozone ETFetp	$17,956,000	–	445,300	–	7.54%	–
EWI	New	iShares MSCI Italy Capped ETFetp	$17,041,000	–	613,000	–	7.15%	–
IJH	New	iShares Core S&P Mid-Cap ETFetp	$17,029,000	–	97,900	–	7.15%	–
EWP	New	iShares MSCI Spain Capped ETFetp	$16,282,000	–	495,800	–	6.84%	–
FEZ	New	SPDR EURO STOXX 50 ETFetp	$16,172,000	–	420,400	–	6.79%	–
CGW	New	Guggenheim S&P Global Water Inetp	$14,743,000	–	451,970	–	6.19%	–
VO	New	Vanguard Mid-Cap ETFetp	$11,145,000	–	78,200	–	4.68%	–
USCI	New	United States Commodity Indexetp	$8,656,000	–	224,900	–	3.63%	–
PHO	New	PowerShares Water Resources Poetp	$8,333,000	–	309,000	–	3.50%	–
DBB	New	PowerShares DB Base Metals Funetp	$7,950,000	–	485,400	–	3.34%	–
PPLT	New	ETFS Physical Platinum Sharesetp	$7,350,000	–	83,200	–	3.09%	–
IJJ	New	iShares S&P Mid-Cap 400 Valueetp	$5,956,000	–	40,100	–	2.50%	–
VIS	New	Vanguard Industrials ETFetp	$5,919,000	–	46,100	–	2.48%	–
VFH	New	Vanguard Financials ETFetp	$5,898,000	–	94,300	–	2.48%	–
IVE	New	iShares S&P 500 Value ETFetp	$5,888,000	–	56,100	–	2.47%	–
PALL	New	ETFS Physical Palladium Sharesetp	$5,680,000	–	70,400	–	2.38%	–
VGT	New	Vanguard Information Technologetp	$5,661,000	–	40,200	–	2.38%	–
TSO	New	Tesoro Corp	$1,394,000	–	14,900	–	0.58%	–
DAL	New	Delta Air Lines Inc	$1,359,000	–	25,300	–	0.57%	–
SLV	New	iShares Silver Trustetp	$1,349,000	–	85,900	–	0.57%	–
IAU	New	iShares Gold Trustetp	$1,327,000	–	111,200	–	0.56%	–
VLO	New	Valero Energy Corp	$1,301,000	–	19,300	–	0.55%	–
HCA	New	HCA Healthcare Inc	$1,299,000	–	14,900	–	0.54%	–
MPC	New	Marathon Petroleum Corp	$1,287,000	–	24,600	–	0.54%	–
GILD	New	Gilead Sciences Inc	$1,231,000	–	17,400	–	0.52%	–
C	New	Citigroup Inc	$1,230,000	–	18,400	–	0.52%	–
ARRS	New	ARRIS International PLC	$1,210,000	–	43,200	–	0.51%	–
LEA	New	Lear Corp	$1,193,000	–	8,400	–	0.50%	–
RLGY	New	Realogy Holdings Corp	$1,190,000	–	36,700	–	0.50%	–
CNC	New	Centene Corp	$1,190,000	–	14,900	–	0.50%	–
OMF	New	OneMain Holdings Inc	$1,182,000	–	48,100	–	0.50%	–
LAZ	New	Lazard Ltd	$1,172,000	–	25,300	–	0.49%	–
CI	New	Cigna Corp	$1,171,000	–	7,000	–	0.49%	–
UNH	New	UnitedHealth Group Inc	$1,168,000	–	6,300	–	0.49%	–
MNKKQ	New	Mallinckrodt PLC	$1,165,000	–	26,000	–	0.49%	–
COF	New	Capital One Financial Corp	$1,156,000	–	14,000	–	0.48%	–
FLR	New	Fluor Corp	$1,149,000	–	25,100	–	0.48%	–
ANTM	New	Anthem Inc	$1,147,000	–	6,100	–	0.48%	–
J	New	Jacobs Engineering Group Inc	$1,142,000	–	21,000	–	0.48%	–
RDN	New	Radian Group Inc	$1,142,000	–	69,900	–	0.48%	–
HUN	New	Huntsman Corp	$1,126,000	–	43,600	–	0.47%	–
CRUS	New	Cirrus Logic Inc	$1,122,000	–	17,900	–	0.47%	–
FCAU	New	Fiat Chrysler Automobiles NV	$1,121,000	–	105,500	–	0.47%	–
RE	New	Everest Re Group Ltd	$1,120,000	–	4,400	–	0.47%	–
STLD	New	Steel Dynamics Inc	$1,117,000	–	31,200	–	0.47%	–
SAIC	New	Science Applications Internati	$1,096,000	–	15,800	–	0.46%	–
AES	New	AES Corp/VA	$1,096,000	–	98,700	–	0.46%	–
UAL	New	United Continental Holdings In	$1,091,000	–	14,500	–	0.46%	–
DVA	New	DaVita Inc	$1,087,000	–	16,800	–	0.46%	–
VMW	New	VMware Inc	$1,084,000	–	12,400	–	0.46%	–
HA	New	Hawaiian Holdings Inc	$1,084,000	–	23,100	–	0.46%	–
WMT	New	Wal-Mart Stores Inc	$1,082,000	–	14,300	–	0.45%	–
CVS	New	CVS Health Corp	$1,078,000	–	13,400	–	0.45%	–
M	New	Macy's Inc	$1,076,000	–	46,300	–	0.45%	–
SANM	New	Sanmina Corp	$1,074,000	–	28,200	–	0.45%	–
GM	New	General Motors Co	$1,058,000	–	30,300	–	0.44%	–
FLEX	New	Flex Ltd	$1,058,000	–	64,900	–	0.44%	–
BIG	New	Big Lots Inc	$1,048,000	–	21,700	–	0.44%	–
LRCX	New	Lam Research Corp	$1,046,000	–	7,400	–	0.44%	–
EVR	New	Evercore Partners Inc	$1,043,000	–	14,800	–	0.44%	–
AMAT	New	Applied Materials Inc	$1,036,000	–	25,100	–	0.44%	–
NCR	New	NCR Corp	$1,021,000	–	25,000	–	0.43%	–
JNPR	New	Juniper Networks Inc	$1,023,000	–	36,700	–	0.43%	–
CSCO	New	Cisco Systems Inc	$1,017,000	–	32,500	–	0.43%	–
WBA	New	Walgreens Boots Alliance Inc	$994,000	–	12,700	–	0.42%	–
F	New	Ford Motor Co	$962,000	–	86,000	–	0.40%	–
ESRX	New	Express Scripts Holding Co	$951,000	–	14,900	–	0.40%	–
SYF	New	Synchrony Financial	$942,000	–	31,600	–	0.40%	–
DFS	New	Discover Financial Services	$920,000	–	14,800	–	0.39%	–
FL	New	Foot Locker Inc	$911,000	–	18,500	–	0.38%	–
STX	New	Seagate Technology PLC	$891,000	–	23,000	–	0.37%	–

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