HUDSON EDGE INVESTMENT PARTNERS INC. Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
JPM	Sell	JPMorgan Chase & Co.	$7,627	-7.9%	52,594	-7.7%	2.49%	-5.4%
MET	Sell	Metlife Inc	$6,922	+10.7%	110,025	-0.5%	2.26%	+13.7%
JNJ	Sell	Johnson & Johnson	$6,823	-6.8%	43,809	-0.9%	2.23%	-4.2%
UNH	Sell	Unitedhealth Group Inc	$6,612	+4.8%	13,114	-0.1%	2.16%	+7.7%
ABBV	Sell	Abbvie Inc	$6,335	+4.6%	42,500	-5.5%	2.07%	+7.5%
NRG	Sell	NRG Energy Inc.	$6,278	-13.8%	162,971	-16.4%	2.05%	-11.5%
CVS	Sell	CVS Health Corp	$6,043	+0.5%	86,557	-0.5%	1.97%	+3.2%
XOM	Buy	Exxon Mobil Corp.	$6,023	+11.9%	51,228	+2.1%	1.97%	+15.0%
STZ	Sell	Constellation Brands Inc	$5,834	-5.3%	23,213	-7.3%	1.91%	-2.8%
BMY	Buy	Bristol-Myers Squibb Co.	$5,793	-1.1%	99,813	+9.0%	1.89%	+1.6%
AFL	Sell	Aflac Inc.	$5,729	+3.3%	74,647	-6.0%	1.87%	+6.2%
DOV	Buy	Dover Corp.	$5,722	-0.5%	41,016	+5.3%	1.87%	+2.2%
SPG	Sell	Simon Property Group Inc.	$5,708	-6.6%	52,835	-0.2%	1.86%	-4.1%
COP	Sell	Conoco Phillips	$5,709	+1.8%	47,657	-12.0%	1.86%	+4.5%
IBM	Sell	International Business Machines Corp.	$5,688	-5.1%	40,539	-9.5%	1.86%	-2.5%
CSCO	Sell	Cisco Systems Inc.	$5,632	-3.0%	104,768	-6.7%	1.84%	-0.4%
SNA	Sell	Snap-on Inc.	$5,600	-11.7%	21,956	-0.3%	1.83%	-9.4%
EMR	Sell	Emerson Electric Co.	$5,594	-5.2%	57,924	-11.2%	1.83%	-2.6%
MPC	Sell	Marathon Petroleum Corp	$5,579	+4.8%	36,864	-19.3%	1.82%	+7.7%
EOG	Sell	EOG Resources Inc.	$5,580	+10.2%	44,024	-0.5%	1.82%	+13.2%
ZBRA	Buy	Zebra Technologies Corp.	$5,520	-10.9%	23,338	+11.5%	1.80%	-8.4%
STT	Buy	State Street Corp.	$5,462	-6.1%	81,570	+2.7%	1.78%	-3.5%
MTB	New	M & T Bank Corp	$5,387	–	42,599	–	1.76%	–
FISV	Buy	Fiserv Inc.	$5,364	-7.4%	47,486	+3.4%	1.75%	-4.9%
LMT	Buy	Lockheed Martin Corp.	$5,352	-6.7%	13,088	+5.1%	1.75%	-4.2%
BERY	Sell	Berry Global Group Inc	$5,257	-4.3%	84,907	-0.5%	1.72%	-1.7%
C	Sell	Citigroup Inc	$5,248	-11.2%	127,607	-0.6%	1.71%	-8.8%
HSIC	Sell	Henry Schein Inc.	$5,188	-9.0%	69,877	-0.6%	1.70%	-6.6%
CMCSA	Buy	Comcast Corp	$5,180	+11.0%	116,834	+4.0%	1.69%	+14.0%
XEL	Buy	Xcel Energy Inc.	$5,163	-3.6%	90,235	+4.7%	1.69%	-0.9%
GPC	Buy	Genuine Parts Co.	$5,156	-9.2%	35,711	+6.5%	1.68%	-6.7%
AEP	Buy	American Electric Power Company Inc.	$5,147	-8.5%	68,420	+2.4%	1.68%	-6.1%
URI	Buy	United Rentals Inc.	$5,137	+21.6%	11,554	+21.9%	1.68%	+24.9%
HUBB	Sell	Hubbell Inc.	$5,094	-15.1%	16,253	-10.2%	1.66%	-12.8%
CFG	Sell	Citizens Financial Group Inc	$5,014	-4.4%	187,088	-7.0%	1.64%	-1.9%
HD	Sell	Home Depot Inc.	$4,974	-13.9%	16,462	-11.5%	1.62%	-11.5%
KO	Sell	Coca-Cola Co	$4,970	-7.4%	88,785	-0.4%	1.62%	-4.9%
IPG	Buy	Interpublic Group Of Cos. Inc.	$4,890	+8.4%	170,637	+46.0%	1.60%	+11.4%
TMO	Sell	Thermo Fisher Scientific Inc.	$4,878	-10.5%	9,638	-7.7%	1.59%	-8.0%
KHC	New	Kraft Heinz Co	$4,830	–	143,581	–	1.58%	–
COF	Sell	Capital One Financial Corp.	$4,736	-11.7%	48,804	-0.5%	1.55%	-9.3%
SJM	Sell	J.M. Smucker Co.	$4,510	-17.3%	36,690	-0.6%	1.47%	-15.1%
HCA	Sell	HCA Healthcare Inc	$4,430	-25.9%	18,009	-8.5%	1.45%	-23.8%
DGX	Buy	Quest Diagnostics Inc.	$4,330	+5.7%	35,534	+21.9%	1.42%	+8.6%
	Buy	Warner Bros. Discovery Inc	$4,228	-4.7%	389,277	+10.1%	1.38%	-2.1%
INTC	Sell	Intel Corp.	$3,851	+5.0%	108,339	-1.3%	1.26%	+7.8%
DG	Buy	Dollar General Corp.	$3,700	-20.9%	34,971	+27.0%	1.21%	-18.7%
NUE	Sell	Nucor Corp.	$2,652	-11.9%	16,962	-7.6%	0.87%	-9.5%
LOW	Sell	Lowe`s Cos. Inc.	$2,510	-9.3%	12,078	-1.5%	0.82%	-6.8%
GOOG	Buy	Alphabet Inc	$2,275	+56.8%	17,295	+44.2%	0.74%	+61.2%
AAPL	Sell	APPLE INC	$2,214	-12.4%	12,931	-0.8%	0.72%	-10.1%
V	Sell	Visa Inc	$1,683	-6.1%	7,315	-3.0%	0.55%	-3.5%
LRCX	Sell	Lam Research Corp.	$1,333	-5.6%	2,126	-3.2%	0.44%	-3.1%
QCOM	Sell	Qualcomm Inc.	$975	-7.3%	8,782	-0.6%	0.32%	-4.8%
BX	Sell	Blackstone Inc	$880	+14.1%	8,214	-0.9%	0.29%	+17.1%
	Sell	Jacobs Engineering Group Inc.	$851	+13.6%	6,235	-1.1%	0.28%	+16.8%
ACN	Sell	Accenture plc	$807	-1.5%	2,629	-0.9%	0.26%	+1.5%
NEE	Buy	NextEra Energy Inc	$801	-22.3%	13,985	+0.7%	0.26%	-20.1%
ASGN	Sell	ASGN Inc	$628	+7.9%	7,689	-0.1%	0.20%	+10.8%
SAM	Buy	Boston Beer Co. Inc.	$622	+50.6%	1,597	+19.3%	0.20%	+55.0%
MCHP	Sell	Microchip Technology Inc.	$614	-16.7%	7,861	-4.4%	0.20%	-14.1%
LYB	Sell	LyondellBasell Industries NV	$604	+1.9%	6,378	-1.2%	0.20%	+4.2%
EVR	Sell	Evercore Inc	$596	+11.2%	4,326	-0.2%	0.20%	+14.7%
HOMB	Buy	Home Bancshares Inc	$594	-6.9%	28,389	+1.4%	0.19%	-4.4%
INT	Buy	World Kinect Corp	$584	+9.2%	26,017	+0.6%	0.19%	+12.4%
CACI	Sell	Caci International Inc.	$581	-8.5%	1,852	-0.5%	0.19%	-5.9%
NMIH	Sell	NMI Holdings Inc	$562	-15.5%	20,750	-19.5%	0.18%	-12.8%
ALG	Sell	Alamo Group Inc.	$563	-6.6%	3,258	-0.6%	0.18%	-4.2%
PRGS	Sell	Progress Software Corp.	$557	-9.7%	10,590	-0.3%	0.18%	-7.1%
BC	Sell	Brunswick Corp.	$555	-9.0%	7,023	-0.3%	0.18%	-6.7%
MGRC	Buy	McGrath Rentcorp	$555	+45.7%	5,532	+34.1%	0.18%	+49.6%
MMS	Buy	Maximus Inc.	$552	-1.3%	7,395	+11.8%	0.18%	+1.1%
SIGI	Sell	Selective Insurance Group Inc.	$541	+7.3%	5,239	-0.2%	0.18%	+10.6%
CHX	Sell	ChampionX Corporation	$540	+1.7%	15,148	-11.5%	0.18%	+4.1%
SLM	Sell	SLM CORP	$520	-16.8%	38,182	-0.3%	0.17%	-14.6%
STAG	Sell	STAG Industrial Inc	$515	-4.1%	14,937	-0.1%	0.17%	-1.8%
NVST	Buy	Envista Holdings Corp	$512	-6.9%	18,376	+13.1%	0.17%	-4.6%
NGVT	Buy	Ingevity Corp	$510	+7.4%	10,717	+31.3%	0.17%	+10.6%
MRK	New	Merck & Co Inc	$502	–	4,875	–	0.16%	–
AMN	Buy	AMN Healthcare Services Inc.	$501	-11.0%	5,879	+14.0%	0.16%	-8.4%
ENSG	Buy	Ensign Group Inc	$494	+12.3%	5,321	+15.4%	0.16%	+15.0%
SOI	Sell	Solaris Oilfield Infrastructure Inc	$474	-11.2%	44,493	-30.7%	0.16%	-8.8%
CW	New	Curtiss-Wright Corp.	$461	–	2,356	–	0.15%	–
UTG	Buy	Reaves Utility Income Fund	$458	+3.9%	18,582	+15.5%	0.15%	+7.1%
CRI	Sell	Carters Inc	$455	-5.0%	6,573	-0.3%	0.15%	-2.0%
FNB	Buy	F.N.B. Corp.	$451	+27.8%	41,814	+35.6%	0.15%	+31.2%
CTRE	Sell	CareTrust REIT Inc	$446	-10.3%	21,778	-12.9%	0.15%	-7.6%
ENS	Sell	Enersys	$442	-13.2%	4,670	-0.4%	0.14%	-11.1%
	Buy	Healthcare Realty Trust Inc	$438	-7.6%	28,676	+14.1%	0.14%	-5.3%
EFSC	Buy	Enterprise Financial Services Corp.	$430	+12.0%	11,466	+16.6%	0.14%	+14.8%
LXP	Buy	LXP Industrial Trust	$426	-8.0%	47,886	+0.7%	0.14%	-5.4%
VVV	Sell	Valvoline Inc	$420	-14.1%	13,018	-0.2%	0.14%	-12.2%
CI	New	Cigna Group/The	$412	–	1,440	–	0.14%	–
APLE	Sell	Apple Hospitality REIT Inc	$409	+1.2%	26,669	-0.3%	0.13%	+4.7%
IDA	Sell	Idacorp Inc.	$411	-9.1%	4,391	-0.2%	0.13%	-6.9%
LHX	Sell	L3Harris Technologies Inc	$405	-47.3%	2,325	-40.7%	0.13%	-45.9%
INMD	Sell	INMODE LTD	$402	-26.2%	13,182	-9.7%	0.13%	-24.3%
KNX	Buy	Knight-Swift Transportation Holdings Inc	$397	+6.7%	7,924	+18.4%	0.13%	+10.2%
HWC	Sell	Hancock Whitney Corp.	$386	-3.7%	10,424	-0.2%	0.13%	-1.6%
SPB	Sell	Spectrum Brands Holdings Inc.	$385	+0.3%	4,912	-0.2%	0.13%	+3.3%
COG	Buy	Coterra Energy Inc	$386	+8.7%	14,281	+1.8%	0.13%	+11.5%
PFE	New	Pfizer Inc.	$368	–	11,098	–	0.12%	–
RBC	Sell	Regal Rexnord Corp	$342	-22.1%	2,394	-16.1%	0.11%	-20.0%
WCC	Buy	Wesco International Inc.	$338	+28.0%	2,349	+59.3%	0.11%	+31.0%
LBRT	New	Liberty Energy Inc	$330	–	17,824	–	0.11%	–
HELE	Sell	Helen of Troy Ltd	$318	-8.4%	2,726	-15.2%	0.10%	-5.5%
SWM	Sell	Mativ Holdings Inc	$314	-5.7%	21,995	-0.2%	0.10%	-2.8%
AVA	Sell	Avista Corp.	$305	-18.0%	9,431	-0.3%	0.10%	-15.3%
SBRA	New	Sabra Healthcare REIT Inc	$299	–	21,415	–	0.10%	–
AGM	Sell	Federal Agricultural Mortgage Corp.	$298	-8.6%	1,932	-14.9%	0.10%	-6.7%
VZ	Sell	Verizon Communications Inc	$294	-93.8%	9,073	-92.9%	0.10%	-93.7%
DE	Sell	Deere & Co.	$295	-12.5%	783	-5.8%	0.10%	-10.3%
SSB	Sell	SouthState Corporation	$292	-15.6%	4,330	-17.7%	0.10%	-13.6%
HTLF	Sell	Heartland Financial USA Inc.	$286	+5.1%	9,732	-0.3%	0.09%	+6.9%
NNN	New	NNN REIT Inc	$286	–	8,080	–	0.09%	–
HAS	New	Hasbro Inc.	$281	–	4,255	–	0.09%	–
BWA	New	BorgWarner Inc	$274	–	6,785	–	0.09%	–
IBCP	Sell	Independent Bank Corporation (Ionia MI)	$275	-12.4%	14,974	-19.2%	0.09%	-10.0%
DLX	Sell	Deluxe Corp.	$273	+7.9%	14,441	-0.3%	0.09%	+11.2%
TER	New	Teradyne Inc.	$265	–	2,642	–	0.09%	–
PRFT	New	Perficient Inc.	$250	–	4,329	–	0.08%	–
FLWS	Buy	1-800 Flowers.com Inc.	$247	-0.8%	35,251	+10.3%	0.08%	+2.5%
PRG	Sell	PROG Holdings Inc	$245	-17.8%	7,367	-20.6%	0.08%	-15.8%
NVDA	New	NVIDIA Corp	$235	–	540	–	0.08%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-2,579	–	-0.07%	–
JLL	Exit	Jones Lang Lasalle Inc.	$0	–	-1,357	–	-0.07%	–
AHCO	Exit	AdaptHealth Corp	$0	–	-20,048	–	-0.08%	–
LSI	Exit	Life Storage Inc	$0	–	-2,401	–	-0.10%	–
GTN	Exit	Gray Television Inc.	$0	–	-42,347	–	-0.11%	–
KEY	Exit	Keycorp	$0	–	-406,743	–	-1.20%	–

Q2 2023

			Value		Shares		↓ Weighting
JPM	New	JPMorgan Chase & Co.	$8,283	–	56,951	–	2.63%	–
JNJ	New	Johnson & Johnson	$7,317	–	44,209	–	2.33%	–
NRG	New	NRG Energy Inc.	$7,286	–	194,868	–	2.32%	–
SNA	New	Snap-on Inc.	$6,345	–	22,015	–	2.02%	–
UNH	New	Unitedhealth Group Inc	$6,308	–	13,124	–	2.01%	–
MET	New	Metlife Inc	$6,252	–	110,595	–	1.99%	–
ZBRA	New	Zebra Technologies Corp.	$6,192	–	20,931	–	1.97%	–
STZ	New	Constellation Brands Inc	$6,162	–	25,036	–	1.96%	–
SPG	New	Simon Property Group Inc.	$6,112	–	52,925	–	1.94%	–
ABBV	New	Abbvie Inc	$6,056	–	44,952	–	1.93%	–
CVS	New	CVS Health Corp	$6,015	–	87,017	–	1.91%	–
HUBB	New	Hubbell Inc.	$6,001	–	18,099	–	1.91%	–
IBM	New	International Business Machines Corp.	$5,992	–	44,779	–	1.91%	–
HCA	New	HCA Healthcare Inc	$5,975	–	19,689	–	1.90%	–
C	New	Citigroup Inc	$5,912	–	128,407	–	1.88%	–
EMR	New	Emerson Electric Co.	$5,899	–	65,265	–	1.88%	–
BMY	New	Bristol-Myers Squibb Co.	$5,857	–	91,584	–	1.86%	–
STT	New	State Street Corp.	$5,814	–	79,447	–	1.85%	–
CSCO	New	Cisco Systems Inc.	$5,809	–	112,270	–	1.85%	–
FISV	New	Fiserv Inc.	$5,795	–	45,939	–	1.84%	–
HD	New	Home Depot Inc.	$5,775	–	18,592	–	1.84%	–
DOV	New	Dover Corp.	$5,751	–	38,952	–	1.83%	–
LMT	New	Lockheed Martin Corp.	$5,735	–	12,457	–	1.82%	–
HSIC	New	Henry Schein Inc.	$5,704	–	70,327	–	1.81%	–
GPC	New	Genuine Parts Co.	$5,676	–	33,539	–	1.80%	–
AEP	New	American Electric Power Company Inc.	$5,627	–	66,827	–	1.79%	–
COP	New	Conoco Phillips	$5,608	–	54,129	–	1.78%	–
AFL	New	Aflac Inc.	$5,545	–	79,445	–	1.76%	–
BERY	New	Berry Global Group Inc	$5,493	–	85,367	–	1.75%	–
SJM	New	J.M. Smucker Co.	$5,452	–	36,920	–	1.73%	–
TMO	New	Thermo Fisher Scientific Inc.	$5,449	–	10,444	–	1.73%	–
XOM	New	Exxon Mobil Corp.	$5,382	–	50,184	–	1.71%	–
KO	New	Coca-Cola Co	$5,369	–	89,155	–	1.71%	–
COF	New	Capital One Financial Corp.	$5,364	–	49,044	–	1.71%	–
XEL	New	Xcel Energy Inc.	$5,356	–	86,149	–	1.70%	–
MPC	New	Marathon Petroleum Corp	$5,324	–	45,663	–	1.69%	–
CFG	New	Citizens Financial Group Inc	$5,247	–	201,198	–	1.67%	–
EOG	New	EOG Resources Inc.	$5,064	–	44,254	–	1.61%	–
VZ	New	Verizon Communications Inc	$4,765	–	128,114	–	1.52%	–
DG	New	Dollar General Corp.	$4,675	–	27,535	–	1.49%	–
CMCSA	New	Comcast Corp	$4,666	–	112,296	–	1.48%	–
IPG	New	Interpublic Group Of Cos. Inc.	$4,509	–	116,862	–	1.43%	–
	New	Warner Bros. Discovery Inc	$4,435	–	353,703	–	1.41%	–
URI	New	United Rentals Inc.	$4,223	–	9,482	–	1.34%	–
DGX	New	Quest Diagnostics Inc.	$4,097	–	29,151	–	1.30%	–
KEY	New	Keycorp	$3,758	–	406,743	–	1.20%	–
INTC	New	Intel Corp.	$3,669	–	109,719	–	1.17%	–
NUE	New	Nucor Corp.	$3,009	–	18,352	–	0.96%	–
MCD	New	McDonald`s Corp	$2,991	–	10,023	–	0.95%	–
LOW	New	Lowe`s Cos. Inc.	$2,768	–	12,263	–	0.88%	–
AAPL	New	Apple Inc	$2,528	–	13,031	–	0.80%	–
PEP	New	PepsiCo Inc	$1,878	–	10,140	–	0.60%	–
V	New	Visa Inc	$1,792	–	7,545	–	0.57%	–
GOOG	New	Alphabet Inc	$1,451	–	11,995	–	0.46%	–
LRCX	New	Lam Research Corp.	$1,412	–	2,196	–	0.45%	–
BLK	New	Blackrock Inc.	$1,299	–	1,879	–	0.41%	–
QCOM	New	Qualcomm Inc.	$1,052	–	8,837	–	0.34%	–
NEE	New	NextEra Energy Inc	$1,031	–	13,889	–	0.33%	–
ACN	New	Accenture plc	$819	–	2,654	–	0.26%	–
BX	New	Blackstone Inc	$771	–	8,291	–	0.24%	–
LHX	New	L3Harris Technologies Inc	$768	–	3,924	–	0.24%	–
CVX	New	Chevron Corp.	$760	–	4,828	–	0.24%	–
	New	Jacobs Engineering Group Inc.	$749	–	6,302	–	0.24%	–
MCHP	New	Microchip Technology Inc.	$737	–	8,227	–	0.23%	–
NMIH	New	NMI Holdings Inc	$665	–	25,769	–	0.21%	–
HOMB	New	Home Bancshares Inc	$638	–	27,996	–	0.20%	–
CACI	New	Caci International Inc.	$635	–	1,862	–	0.20%	–
SLM	New	SLM CORP	$625	–	38,282	–	0.20%	–
PRGS	New	Progress Software Corp.	$617	–	10,620	–	0.20%	–
BC	New	Brunswick Corp.	$610	–	7,043	–	0.19%	–
ALG	New	Alamo Group Inc.	$603	–	3,278	–	0.19%	–
LYB	New	LyondellBasell Industries NV	$593	–	6,457	–	0.19%	–
ASGN	New	ASGN Inc	$582	–	7,699	–	0.18%	–
AMN	New	AMN Healthcare Services Inc.	$563	–	5,158	–	0.18%	–
MMS	New	Maximus Inc.	$559	–	6,613	–	0.18%	–
IOSP	New	Innospec Inc	$550	–	5,480	–	0.18%	–
NVST	New	Envista Holdings Corp	$550	–	16,247	–	0.18%	–
INMD	New	INMODE LTD	$545	–	14,595	–	0.17%	–
STAG	New	STAG Industrial Inc	$537	–	14,957	–	0.17%	–
SOI	New	Solaris Oilfield Infrastructure Inc	$534	–	64,159	–	0.17%	–
EVR	New	Evercore Inc	$536	–	4,336	–	0.17%	–
INT	New	World Kinect Corp	$535	–	25,865	–	0.17%	–
CHX	New	ChampionX Corporation	$531	–	17,121	–	0.17%	–
ENS	New	Enersys	$509	–	4,690	–	0.16%	–
SIGI	New	Selective Insurance Group Inc.	$504	–	5,249	–	0.16%	–
CTRE	New	CareTrust REIT Inc	$497	–	25,000	–	0.16%	–
VVV	New	Valvoline Inc	$489	–	13,048	–	0.16%	–
CRI	New	Carters Inc	$479	–	6,593	–	0.15%	–
NGVT	New	Ingevity Corp	$475	–	8,165	–	0.15%	–
	New	Healthcare Realty Trust Inc	$474	–	25,141	–	0.15%	–
LXP	New	LXP Industrial Trust	$463	–	47,535	–	0.15%	–
IDA	New	Idacorp Inc.	$452	–	4,401	–	0.14%	–
ENSG	New	Ensign Group Inc	$440	–	4,609	–	0.14%	–
UTG	New	Reaves Utility Income Fund	$441	–	16,082	–	0.14%	–
RBC	New	Regal Rexnord Corp	$439	–	2,853	–	0.14%	–
SAM	New	Boston Beer Co. Inc.	$413	–	1,339	–	0.13%	–
APLE	New	Apple Hospitality REIT Inc	$404	–	26,739	–	0.13%	–
HWC	New	Hancock Whitney Corp.	$401	–	10,444	–	0.13%	–
EFSC	New	Enterprise Financial Services Corp.	$384	–	9,832	–	0.12%	–
SPB	New	Spectrum Brands Holdings Inc.	$384	–	4,922	–	0.12%	–
MGRC	New	McGrath Rentcorp	$381	–	4,125	–	0.12%	–
ALE	New	Allete Inc.	$374	–	6,444	–	0.12%	–
KNX	New	Knight-Swift Transportation Holdings Inc	$372	–	6,695	–	0.12%	–
AVA	New	Avista Corp.	$372	–	9,461	–	0.12%	–
COG	New	Coterra Energy Inc	$355	–	14,031	–	0.11%	–
FNB	New	F.N.B. Corp.	$353	–	30,844	–	0.11%	–
HELE	New	Helen of Troy Ltd	$347	–	3,213	–	0.11%	–
SSB	New	SouthState Corporation	$346	–	5,259	–	0.11%	–
DE	New	Deere & Co.	$337	–	831	–	0.11%	–
SWM	New	Mativ Holdings Inc	$333	–	22,045	–	0.11%	–
GTN	New	Gray Television Inc.	$334	–	42,347	–	0.11%	–
AGM	New	Federal Agricultural Mortgage Corp.	$326	–	2,270	–	0.10%	–
LSI	New	Life Storage Inc	$319	–	2,401	–	0.10%	–
IBCP	New	Independent Bank Corporation (Ionia MI)	$314	–	18,541	–	0.10%	–
PRG	New	PROG Holdings Inc	$298	–	9,284	–	0.10%	–
HTLF	New	Heartland Financial USA Inc.	$272	–	9,762	–	0.09%	–
WCC	New	Wesco International Inc.	$264	–	1,475	–	0.08%	–
DLX	New	Deluxe Corp.	$253	–	14,481	–	0.08%	–
FLWS	New	1-800 Flowers.com Inc.	$249	–	31,951	–	0.08%	–
AHCO	New	AdaptHealth Corp	$244	–	20,048	–	0.08%	–
JLL	New	Jones Lang Lasalle Inc.	$211	–	1,357	–	0.07%	–
CRUS	New	Cirrus Logic Inc.	$209	–	2,579	–	0.07%	–

Q4 2022

			Value		Shares		↓ Weighting
COST	Exit	Costco Wholesale Co	$0	–	-433	–	-0.08%	–
MGRC	Exit	McGrath RentCorp	$0	–	-2,708	–	-0.08%	–
PCRX	Exit	Pacira Biosciences,	$0	–	-4,304	–	-0.08%	–
SPB	Exit	Spectrum Brands Hol	$0	–	-5,931	–	-0.09%	–
D	Exit	Dominion Resources	$0	–	-3,400	–	-0.09%	–
JLL	Exit	Jones Lang LaSalle	$0	–	-1,655	–	-0.09%	–
BWA	Exit	BorgWarner Inc.	$0	–	-8,162	–	-0.10%	–
	Exit	Bath & Beyond Works	$0	–	-8,349	–	-0.10%	–
PRG	Exit	PROG Holdings, Inc.	$0	–	-18,525	–	-0.10%	–
FLWS	Exit	1-800-Flowers.com I	$0	–	-43,013	–	-0.10%	–
DLX	Exit	Deluxe Corp.	$0	–	-17,684	–	-0.11%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-3,200	–	-0.12%	–
DE	Exit	Deere & Co.	$0	–	-954	–	-0.12%	–
PDM	Exit	Piedmont Office Rea	$0	–	-30,798	–	-0.12%	–
RL	Exit	Polo Ralph Lauren C	$0	–	-3,873	–	-0.12%	–
LSI	Exit	Life Storage	$0	–	-3,337	–	-0.14%	–
HWC	Exit	Hancock Whitney, Co	$0	–	-8,084	–	-0.14%	–
	Exit	II-VI Inc.	$0	–	-10,723	–	-0.14%	–
CRI	Exit	Carter's Inc.	$0	–	-5,877	–	-0.14%	–
DLB	Exit	Dolby Laboratories	$0	–	-5,951	–	-0.14%	–
ALE	Exit	Allete Inc.	$0	–	-7,785	–	-0.14%	–
MSFT	Exit	Microsoft Corp.	$0	–	-1,683	–	-0.15%	–
SOI	Exit	Solaris Oilfield In	$0	–	-42,337	–	-0.15%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-5,791	–	-0.15%	–
DVN	Exit	Devon Energy Corp.	$0	–	-6,615	–	-0.15%	–
CHX	Exit	Championx Corp	$0	–	-20,810	–	-0.15%	–
MRK	Exit	Merck & Co Inc	$0	–	-4,890	–	-0.16%	–
CIEN	Exit	Ciena Corp.	$0	–	-10,422	–	-0.16%	–
TER	Exit	Teradyne Inc.	$0	–	-5,692	–	-0.16%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-19,523	–	-0.16%	–
EVR	Exit	Evercore Partners I	$0	–	-5,252	–	-0.16%	–
ENS	Exit	EnerSys Inc.	$0	–	-7,425	–	-0.16%	–
IBCP	Exit	INDEPENDENT BK CORP	$0	–	-22,633	–	-0.16%	–
LYB	Exit	LyondellBasell Indu	$0	–	-5,825	–	-0.16%	–
STX	Exit	Seagate Technology	$0	–	-8,252	–	-0.16%	–
TMX	Exit	Terminix Global Hol	$0	–	-11,445	–	-0.16%	–
CHE	Exit	Chemed Corp.	$0	–	-1,007	–	-0.16%	–
ANET	Exit	Arista Networks, In	$0	–	-4,042	–	-0.17%	–
HOLX	Exit	Hologic Inc.	$0	–	-7,120	–	-0.17%	–
APLE	Exit	Apple Hospitality R	$0	–	-32,647	–	-0.17%	–
ATVI	Exit	Activision Blizzard	$0	–	-6,294	–	-0.17%	–
RPRX	Exit	Royalty Pharma Plc	$0	–	-11,725	–	-0.18%	–
KNX	Exit	Knight Transportati	$0	–	-9,578	–	-0.18%	–
	Exit	Healthcare Realty T	$0	–	-22,727	–	-0.18%	–
HOMB	Exit	Home BancShares Inc	$0	–	-21,300	–	-0.18%	–
UTG	Exit	Reaves Utility Inco	$0	–	-17,707	–	-0.18%	–
HTLF	Exit	Heartland Financial	$0	–	-11,130	–	-0.18%	–
AVA	Exit	Avista Corp.	$0	–	-13,259	–	-0.18%	–
INMD	Exit	InMode LTD	$0	–	-17,044	–	-0.18%	–
AGM	Exit	Federal Agricultura	$0	–	-5,120	–	-0.19%	–
AMN	Exit	AMN Healthcare Serv	$0	–	-4,844	–	-0.19%	–
PFE	Exit	Pfizer Inc.	$0	–	-11,748	–	-0.19%	–
SSB	Exit	South State Corpora	$0	–	-6,534	–	-0.19%	–
SIGI	Exit	Selective Insurance	$0	–	-6,378	–	-0.19%	–
LXP	Exit	Lexington Realty Tr	$0	–	-57,023	–	-0.19%	–
IDA	Exit	IDACORP Inc.	$0	–	-5,464	–	-0.20%	–
MCHP	Exit	Microchip Technolog	$0	–	-8,997	–	-0.20%	–
BC	Exit	Brunswick Corp.	$0	–	-8,472	–	-0.21%	–
SAM	Exit	Boston Beer Co. (Cl	$0	–	-1,711	–	-0.21%	–
OCFC	Exit	OceanFirst Financia	$0	–	-29,780	–	-0.21%	–
NOC	Exit	Northrop Grumman Co	$0	–	-1,190	–	-0.21%	–
VVV	Exit	Valvoline, Inc.	$0	–	-22,138	–	-0.21%	–
CACI	Exit	CACI International	$0	–	-2,176	–	-0.21%	–
IOSP	Exit	Innospec Inc	$0	–	-6,613	–	-0.21%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-7,202	–	-0.21%	–
FNB	Exit	F.N.B. Corp.	$0	–	-49,405	–	-0.21%	–
STAG	Exit	STAG Industrial, In	$0	–	-20,272	–	-0.21%	–
ASGN	Exit	ASGN Inc.	$0	–	-6,429	–	-0.22%	–
EFSC	Exit	Enterprise Finc'l S	$0	–	-13,305	–	-0.22%	–
MMS	Exit	Maximus Inc.	$0	–	-10,117	–	-0.22%	–
INT	Exit	World Fuel Services	$0	–	-25,004	–	-0.22%	–
GTN	Exit	Gray Television Inc	$0	–	-41,122	–	-0.22%	–
ABCB	Exit	Ameris Bancorp	$0	–	-13,287	–	-0.22%	–
ALG	Exit	Alamo Group Inc.	$0	–	-4,926	–	-0.22%	–
PRGS	Exit	Progress Software C	$0	–	-14,149	–	-0.22%	–
ACN	Exit	Accenture Plc	$0	–	-2,392	–	-0.23%	–
	Exit	Jacobs Solutions In	$0	–	-5,667	–	-0.23%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-34,388	–	-0.23%	–
NMIH	Exit	NMI Holdings, Inc.	$0	–	-30,767	–	-0.23%	–
SLM	Exit	SLM Corp.	$0	–	-45,953	–	-0.24%	–
BX	Exit	The Blackstone Grou	$0	–	-7,927	–	-0.25%	–
DIS	Exit	Walt Disney Co.	$0	–	-7,381	–	-0.26%	–
CVX	Exit	Chevron Corp.	$0	–	-4,898	–	-0.26%	–
RBC	Exit	Regal-Rexnord Corpo	$0	–	-5,528	–	-0.29%	–
LHX	Exit	L3Harris Technologi	$0	–	-3,780	–	-0.29%	–
LRCX	Exit	Lam Research Corp.	$0	–	-2,270	–	-0.31%	–
BLK	Exit	Blackrock Inc.	$0	–	-1,947	–	-0.40%	–
NEE	Exit	NextEra Energy Inc	$0	–	-13,759	–	-0.40%	–
CI	Exit	CIGNA Corp.	$0	–	-4,095	–	-0.42%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-12,500	–	-0.45%	–
V	Exit	Visa Inc.	$0	–	-7,680	–	-0.51%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-12,829	–	-0.54%	–
NUE	Exit	Nucor Corp.	$0	–	-13,823	–	-0.55%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-28,627	–	-0.60%	–
PEP	Exit	PepsiCo Inc.	$0	–	-10,166	–	-0.62%	–
AAPL	Exit	Apple Inc.	$0	–	-13,261	–	-0.68%	–
MCD	Exit	McDonald's Corp.	$0	–	-10,603	–	-0.91%	–
LOW	Exit	Lowe's Cos.	$0	–	-13,310	–	-0.93%	–
INTC	Exit	Intel Corp.	$0	–	-97,514	–	-0.94%	–
	Exit	Warner Bros Discove	$0	–	-277,146	–	-1.19%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-108,998	–	-1.19%	–
VZ	Exit	Verizon Communicati	$0	–	-86,387	–	-1.22%	–
PEAK	Exit	Healthpeak Properti	$0	–	-145,888	–	-1.24%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-35,599	–	-1.27%	–
KO	Exit	Coca-Cola Co.	$0	–	-62,451	–	-1.30%	–
TROW	Exit	T. Rowe Price Group	$0	–	-34,907	–	-1.36%	–
IPG	Exit	Interpublic Group O	$0	–	-144,760	–	-1.38%	–
NRG	Exit	NRG Energy Inc.	$0	–	-98,254	–	-1.40%	–
BERY	Exit	Berry Global Group,	$0	–	-81,191	–	-1.41%	–
EMR	Exit	Emerson Electric Co	$0	–	-52,097	–	-1.42%	–
SPG	Exit	Simon Property Grou	$0	–	-42,658	–	-1.42%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-95,917	–	-1.43%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-28,102	–	-1.44%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-60,747	–	-1.45%	–
AEP	Exit	American Electric P	$0	–	-45,356	–	-1.46%	–
HSY	Exit	Hershey Co.	$0	–	-17,904	–	-1.47%	–
DOV	Exit	Dover Corp.	$0	–	-34,308	–	-1.49%	–
ZBRA	Exit	Zebra Technologies	$0	–	-15,776	–	-1.54%	–
IBM	Exit	International Busin	$0	–	-35,059	–	-1.55%	–
ABT	Exit	Abbott Laboratories	$0	–	-43,097	–	-1.55%	–
SNA	Exit	Snap-On Inc.	$0	–	-20,778	–	-1.56%	–
KEY	Exit	KeyCorp	$0	–	-264,339	–	-1.58%	–
GPC	Exit	Genuine Parts Co.	$0	–	-28,646	–	-1.59%	–
CFG	Exit	Citizens Financial	$0	–	-126,221	–	-1.61%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-45,512	–	-1.62%	–
HD	Exit	Home Depot Inc.	$0	–	-15,733	–	-1.62%	–
STZ	Exit	Constellation Brand	$0	–	-18,970	–	-1.62%	–
C	Exit	Citigroup Inc.	$0	–	-105,778	–	-1.64%	–
STT	Exit	State Street Corp.	$0	–	-72,952	–	-1.65%	–
UNH	Exit	UnitedHealth Group	$0	–	-8,783	–	-1.65%	–
HCA	Exit	HCA Healthcare, INC	$0	–	-24,249	–	-1.66%	–
AFL	Exit	AFLAC Inc.	$0	–	-79,789	–	-1.67%	–
HSIC	Exit	Henry Schein Inc.	$0	–	-68,157	–	-1.67%	–
ALL	Exit	The Allstate Corp.	$0	–	-36,123	–	-1.67%	–
FISV	Exit	Fiserv Inc.	$0	–	-49,420	–	-1.72%	–
DG	Exit	Dollar General Corp	$0	–	-19,491	–	-1.74%	–
HUBB	Exit	Hubbell Incorporate	$0	–	-20,975	–	-1.74%	–
MPC	Exit	Marathon Petroleum	$0	–	-48,560	–	-1.80%	–
LMT	Exit	Lockheed Martin Cor	$0	–	-12,651	–	-1.82%	–
MCK	Exit	McKesson Corp.	$0	–	-14,623	–	-1.85%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-72,802	–	-1.93%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-59,862	–	-1.95%	–
COP	Exit	ConocoPhillips	$0	–	-51,437	–	-1.96%	–
ABBV	Exit	Abbvie Inc	$0	–	-39,685	–	-1.98%	–
MET	Exit	MetLife Inc.	$0	–	-89,735	–	-2.03%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-52,709	–	-2.05%	–
JNJ	Exit	Johnson & Johnson	$0	–	-37,777	–	-2.30%	–

Q3 2022

			Value		Shares		↓ Weighting
JNJ	Sell	Johnson & Johnson	$6,171,000	-16.7%	37,777	-9.4%	2.30%	-14.9%
JPM	Buy	JPMorgan Chase & Co	$5,508,000	+1.5%	52,709	+9.4%	2.05%	+3.6%
MET	Sell	MetLife Inc.	$5,454,000	-3.9%	89,735	-0.7%	2.03%	-1.8%
ABBV	Sell	Abbvie Inc	$5,326,000	-16.0%	39,685	-4.2%	1.98%	-14.3%
COP	Sell	ConocoPhillips	$5,264,000	+12.8%	51,437	-1.0%	1.96%	+15.2%
XOM	Sell	Exxon Mobil Corp.	$5,227,000	+1.2%	59,862	-0.8%	1.95%	+3.3%
BMY	Sell	Bristol-Myers Squib	$5,175,000	-16.5%	72,802	-9.5%	1.93%	-14.7%
MCK	Sell	McKesson Corp.	$4,970,000	-4.0%	14,623	-7.8%	1.85%	-2.0%
LMT	Buy	Lockheed Martin Cor	$4,887,000	+11.1%	12,651	+23.7%	1.82%	+13.5%
MPC	Sell	Marathon Petroleum	$4,823,000	+13.1%	48,560	-6.4%	1.80%	+15.5%
HUBB	Sell	Hubbell Incorporate	$4,677,000	+13.6%	20,975	-9.0%	1.74%	+16.1%
DG	Sell	Dollar General Corp	$4,675,000	-7.1%	19,491	-4.9%	1.74%	-5.1%
FISV	Sell	Fiserv Inc.	$4,624,000	+4.1%	49,420	-1.1%	1.72%	+6.2%
ALL	Sell	The Allstate Corp.	$4,498,000	-2.1%	36,123	-0.3%	1.67%	0.0%
AFL	Sell	AFLAC Inc.	$4,484,000	+0.5%	79,789	-1.0%	1.67%	+2.6%
HSIC	Buy	Henry Schein Inc.	$4,483,000	-3.7%	68,157	+12.4%	1.67%	-1.6%
HCA	Sell	HCA Healthcare, INC	$4,457,000	-1.4%	24,249	-9.9%	1.66%	+0.7%
UNH	Sell	UnitedHealth Group	$4,436,000	-14.9%	8,783	-13.5%	1.65%	-13.1%
STT	Buy	State Street Corp.	$4,436,000	+5.2%	72,952	+6.6%	1.65%	+7.4%
C	Buy	Citigroup Inc.	$4,408,000	+2.1%	105,778	+12.7%	1.64%	+4.3%
STZ	Sell	Constellation Brand	$4,357,000	-12.2%	18,970	-10.9%	1.62%	-10.3%
HD	Sell	Home Depot Inc.	$4,341,000	+0.2%	15,733	-0.4%	1.62%	+2.3%
CVS	Sell	CVS Caremark Corp.	$4,340,000	-9.8%	45,512	-12.3%	1.62%	-7.9%
CFG	Buy	Citizens Financial	$4,337,000	+20.6%	126,221	+25.3%	1.61%	+23.2%
GPC	Sell	Genuine Parts Co.	$4,277,000	-5.0%	28,646	-15.4%	1.59%	-3.0%
KEY	Buy	KeyCorp	$4,235,000	+29.5%	264,339	+39.2%	1.58%	+32.2%
SNA	Sell	Snap-On Inc.	$4,184,000	+2.1%	20,778	-0.1%	1.56%	+4.3%
ABT	Sell	Abbott Laboratories	$4,170,000	-19.2%	43,097	-9.2%	1.55%	-17.4%
IBM	Buy	International Busin	$4,165,000	-11.4%	35,059	+5.2%	1.55%	-9.6%
ZBRA	Buy	Zebra Technologies	$4,133,000	-6.6%	15,776	+4.8%	1.54%	-4.6%
DOV	Sell	Dover Corp.	$4,000,000	-4.2%	34,308	-0.3%	1.49%	-2.2%
HSY	Sell	Hershey Co.	$3,947,000	-8.1%	17,904	-10.3%	1.47%	-6.1%
AEP	New	American Electric P	$3,921,000	–	45,356	–	1.46%	–
XEL	Sell	Xcel Energy Inc.	$3,888,000	-10.5%	60,747	-1.1%	1.45%	-8.6%
SJM	Sell	J.M. Smucker Co.	$3,861,000	-8.3%	28,102	-14.6%	1.44%	-6.3%
CSCO	Sell	Cisco Systems Inc.	$3,837,000	-6.5%	95,917	-0.4%	1.43%	-4.5%
SPG	Buy	Simon Property Grou	$3,829,000	+13.8%	42,658	+20.3%	1.42%	+16.2%
EMR	Sell	Emerson Electric Co	$3,815,000	-8.3%	52,097	-0.4%	1.42%	-6.3%
BERY	Sell	Berry Global Group,	$3,778,000	-15.5%	81,191	-0.8%	1.41%	-13.7%
NRG	Sell	NRG Energy Inc.	$3,760,000	+0.2%	98,254	-0.1%	1.40%	+2.3%
IPG	Sell	Interpublic Group O	$3,706,000	-7.2%	144,760	-0.2%	1.38%	-5.3%
TROW	Sell	T. Rowe Price Group	$3,666,000	-7.9%	34,907	-0.3%	1.36%	-5.9%
KO	Sell	Coca-Cola Co.	$3,499,000	-21.8%	62,451	-12.2%	1.30%	-20.2%
GOOGL	Buy	Alphabet Inc. (Cl A	$3,405,000	+461.9%	35,599	+12705.4%	1.27%	+473.3%
PEAK	Buy	Healthpeak Properti	$3,344,000	+8.9%	145,888	+23.1%	1.24%	+11.2%
VZ	Sell	Verizon Communicati	$3,280,000	-27.0%	86,387	-2.4%	1.22%	-25.5%
CMCSA	Sell	Comcast Corp. (Cl A	$3,197,000	-25.5%	108,998	-0.3%	1.19%	-23.9%
	Sell	Warner Bros Discove	$3,187,000	-14.6%	277,146	-0.3%	1.19%	-12.8%
INTC	Sell	Intel Corp.	$2,513,000	-31.3%	97,514	-0.3%	0.94%	-29.9%
LOW	Sell	Lowe's Cos.	$2,500,000	+4.4%	13,310	-2.9%	0.93%	+6.6%
MCD	Sell	McDonald's Corp.	$2,447,000	-14.9%	10,603	-9.0%	0.91%	-13.2%
AAPL	Sell	Apple Inc.	$1,833,000	-2.2%	13,261	-3.3%	0.68%	-0.1%
EFA	New	I SHARES TR MSCI EA	$1,603,000	–	28,627	–	0.60%	–
NUE	Sell	Nucor Corp.	$1,479,000	+2.2%	13,823	-0.3%	0.55%	+4.6%
QCOM	Buy	QUALCOMM Inc.	$1,449,000	+25.9%	12,829	+42.4%	0.54%	+28.3%
V	Sell	Visa Inc.	$1,364,000	-10.4%	7,680	-0.6%	0.51%	-8.5%
GOOG	Buy	Alphabet Inc. (Cl C	$1,202,000	-12.8%	12,500	+1884.1%	0.45%	-11.0%
CI	Buy	CIGNA Corp.	$1,136,000	+103.9%	4,095	+93.6%	0.42%	+108.4%
NEE	Sell	NextEra Energy Inc	$1,079,000	+1.0%	13,759	-0.3%	0.40%	+3.3%
BLK	Sell	Blackrock Inc.	$1,071,000	-13.4%	1,947	-4.1%	0.40%	-11.5%
LHX	Sell	L3Harris Technologi	$786,000	-15.1%	3,780	-1.3%	0.29%	-13.3%
RBC	Sell	Regal-Rexnord Corpo	$776,000	+19.4%	5,528	-3.5%	0.29%	+21.9%
CVX	Sell	Chevron Corp.	$704,000	-3.7%	4,898	-2.9%	0.26%	-1.5%
DIS	Buy	Walt Disney Co.	$696,000	+2.4%	7,381	+2.5%	0.26%	+4.4%
BX	Sell	The Blackstone Grou	$663,000	-11.1%	7,927	-3.0%	0.25%	-9.2%
SLM	Buy	SLM Corp.	$643,000	+9.0%	45,953	+24.1%	0.24%	+11.2%
NMIH	Sell	NMI Holdings, Inc.	$627,000	+18.1%	30,767	-3.6%	0.23%	+20.1%
CTRE	Sell	CareTrust REIT, Inc	$623,000	-13.8%	34,388	-12.3%	0.23%	-12.1%
	New	Jacobs Solutions In	$615,000	–	5,667	–	0.23%	–
ALG	Sell	Alamo Group Inc.	$602,000	+1.0%	4,926	-3.7%	0.22%	+3.2%
PRGS	New	Progress Software C	$602,000	–	14,149	–	0.22%	–
ABCB	Sell	Ameris Bancorp	$594,000	-5.4%	13,287	-15.0%	0.22%	-3.5%
GTN	Buy	Gray Television Inc	$589,000	-6.4%	41,122	+10.5%	0.22%	-4.4%
MMS	Sell	Maximus Inc.	$585,000	-10.8%	10,117	-3.6%	0.22%	-8.8%
INT	Sell	World Fuel Services	$586,000	-1.0%	25,004	-13.6%	0.22%	+0.9%
EFSC	Sell	Enterprise Finc'l S	$586,000	+2.3%	13,305	-3.7%	0.22%	+4.3%
ASGN	Sell	ASGN Inc.	$581,000	-3.3%	6,429	-3.5%	0.22%	-1.4%
STAG	Sell	STAG Industrial, In	$576,000	-11.4%	20,272	-3.6%	0.21%	-9.7%
FNB	Sell	F.N.B. Corp.	$573,000	+2.9%	49,405	-3.6%	0.21%	+4.9%
ENSG	Sell	Ensign Group Inc.	$573,000	-7.4%	7,202	-14.6%	0.21%	-5.8%
IOSP	Sell	Innospec Inc	$567,000	-13.7%	6,613	-3.6%	0.21%	-11.7%
CACI	New	CACI International	$568,000	–	2,176	–	0.21%	–
VVV	Buy	Valvoline, Inc.	$561,000	-3.6%	22,138	+9.7%	0.21%	-1.4%
NOC	New	Northrop Grumman Co	$560,000	–	1,190	–	0.21%	–
OCFC	Sell	OceanFirst Financia	$555,000	-16.7%	29,780	-14.5%	0.21%	-14.8%
SAM	Sell	Boston Beer Co. (Cl	$554,000	+2.8%	1,711	-3.9%	0.21%	+5.1%
BC	Buy	Brunswick Corp.	$554,000	+9.3%	8,472	+9.3%	0.21%	+11.4%
MCHP	Buy	Microchip Technolog	$549,000	+5.8%	8,997	+0.7%	0.20%	+7.9%
IDA	Sell	IDACORP Inc.	$541,000	-9.8%	5,464	-3.6%	0.20%	-8.2%
LXP	Buy	Lexington Realty Tr	$522,000	+10.6%	57,023	+29.9%	0.19%	+12.8%
SIGI	Sell	Selective Insurance	$519,000	-9.7%	6,378	-3.6%	0.19%	-8.1%
SSB	Sell	South State Corpora	$517,000	-1.1%	6,534	-3.6%	0.19%	+0.5%
AMN	Sell	AMN Healthcare Serv	$513,000	-23.8%	4,844	-21.0%	0.19%	-22.0%
AGM	Sell	Federal Agricultura	$508,000	-2.3%	5,120	-3.8%	0.19%	-0.5%
INMD	New	InMode LTD	$496,000	–	17,044	–	0.18%	–
AVA	Sell	Avista Corp.	$491,000	-18.0%	13,259	-3.6%	0.18%	-16.1%
HTLF	Sell	Heartland Financial	$483,000	-12.8%	11,130	-16.5%	0.18%	-10.9%
UTG	Sell	Reaves Utility Inco	$482,000	-16.5%	17,707	-4.9%	0.18%	-14.8%
HOMB	Sell	Home BancShares Inc	$479,000	+4.4%	21,300	-3.6%	0.18%	+6.6%
	Buy	Healthcare Realty T	$474,000	+23.8%	22,727	+61.2%	0.18%	+25.7%
KNX	Sell	Knight Transportati	$469,000	-29.6%	9,578	-33.4%	0.18%	-28.0%
ATVI	New	Activision Blizzard	$468,000	–	6,294	–	0.17%	–
APLE	Sell	Apple Hospitality R	$459,000	-7.6%	32,647	-3.6%	0.17%	-5.5%
HOLX	New	Hologic Inc.	$459,000	–	7,120	–	0.17%	–
ANET	New	Arista Networks, In	$456,000	–	4,042	–	0.17%	–
CHE	New	Chemed Corp.	$440,000	–	1,007	–	0.16%	–
LYB	Buy	LyondellBasell Indu	$439,000	+77.0%	5,825	+105.3%	0.16%	+81.1%
TMX	New	Terminix Global Hol	$438,000	–	11,445	–	0.16%	–
STX	Sell	Seagate Technology	$439,000	-27.6%	8,252	-2.8%	0.16%	-26.2%
EVR	Sell	Evercore Partners I	$432,000	-15.3%	5,252	-3.7%	0.16%	-13.4%
ENS	Sell	EnerSys Inc.	$432,000	-4.8%	7,425	-3.6%	0.16%	-2.4%
IBCP	Sell	INDEPENDENT BK CORP	$432,000	-27.9%	22,633	-27.2%	0.16%	-26.1%
SWM	Sell	Schweitzer-Mauduit	$431,000	-27.6%	19,523	-17.6%	0.16%	-26.3%
TER	Buy	Teradyne Inc.	$428,000	-13.0%	5,692	+3.6%	0.16%	-11.2%
CIEN	New	Ciena Corp.	$421,000	–	10,422	–	0.16%	–
CHX	Sell	Championx Corp	$407,000	-20.0%	20,810	-18.9%	0.15%	-18.8%
DVN	New	Devon Energy Corp.	$398,000	–	6,615	–	0.15%	–
CRUS	Sell	Cirrus Logic Inc.	$398,000	-21.5%	5,791	-17.2%	0.15%	-20.0%
SOI	Sell	Solaris Oilfield In	$396,000	-45.4%	42,337	-36.5%	0.15%	-44.3%
MSFT	New	Microsoft Corp.	$392,000	–	1,683	–	0.15%	–
ALE	Sell	Allete Inc.	$390,000	-17.9%	7,785	-3.7%	0.14%	-16.2%
DLB	New	Dolby Laboratories	$388,000	–	5,951	–	0.14%	–
CRI	Sell	Carter's Inc.	$385,000	-10.7%	5,877	-3.8%	0.14%	-8.9%
	New	II-VI Inc.	$374,000	–	10,723	–	0.14%	–
HWC	New	Hancock Whitney, Co	$370,000	–	8,084	–	0.14%	–
LSI	Sell	Life Storage	$370,000	-2.9%	3,337	-2.1%	0.14%	-0.7%
RL	New	Polo Ralph Lauren C	$329,000	–	3,873	–	0.12%	–
PDM	Sell	Piedmont Office Rea	$325,000	-22.4%	30,798	-3.7%	0.12%	-20.9%
DE	Buy	Deere & Co.	$319,000	+29.1%	954	+15.8%	0.12%	+32.2%
HELE	Sell	Helen of Troy Corp.	$309,000	-42.7%	3,200	-3.6%	0.12%	-41.3%
DLX	Sell	Deluxe Corp.	$294,000	-26.1%	17,684	-3.7%	0.11%	-24.8%
FLWS	Buy	1-800-Flowers.com I	$279,000	-14.2%	43,013	+25.9%	0.10%	-11.9%
PRG	Sell	PROG Holdings, Inc.	$278,000	-12.3%	18,525	-3.7%	0.10%	-11.2%
	New	Bath & Beyond Works	$272,000	–	8,349	–	0.10%	–
BWA	Sell	BorgWarner Inc.	$256,000	-19.7%	8,162	-14.6%	0.10%	-18.1%
JLL	Sell	Jones Lang LaSalle	$250,000	-16.7%	1,655	-3.7%	0.09%	-14.7%
SPB	Sell	Spectrum Brands Hol	$231,000	-54.3%	5,931	-3.6%	0.09%	-53.3%
PCRX	Sell	Pacira Biosciences,	$229,000	-61.1%	4,304	-57.4%	0.08%	-60.5%
MGRC	Sell	McGrath RentCorp	$227,000	-54.3%	2,708	-58.5%	0.08%	-53.6%
COST	New	Costco Wholesale Co	$204,000	–	433	–	0.08%	–
FBHS	Exit	Fortune Brands Home	$0	–	-4,113	–	-0.09%	–
IIVI	Exit	II-VI Inc.	$0	–	-4,919	–	-0.09%	–
HAIN	Exit	Hain Celestial Grou	$0	–	-11,664	–	-0.10%	–
NSIT	Exit	Insight Enterprises	$0	–	-4,576	–	-0.14%	–
J	Exit	Jacobs Engineering	$0	–	-5,767	–	-0.27%	–
CW	Exit	Curtiss-Wright Corp	$0	–	-5,589	–	-0.27%	–
DUK	Exit	Duke Energy Corp.	$0	–	-42,077	–	-1.64%	–

Q2 2022

			Value		Shares		↓ Weighting
JNJ	New	Johnson & Johnson	$7,406,000	–	41,719	–	2.70%	–
ABBV	New	Abbvie Inc	$6,342,000	–	41,406	–	2.31%	–
BMY	New	Bristol-Myers Squib	$6,197,000	–	80,476	–	2.26%	–
MET	New	MetLife Inc.	$5,673,000	–	90,345	–	2.07%	–
JPM	New	JPMorgan Chase & Co	$5,427,000	–	48,193	–	1.98%	–
UNH	New	UnitedHealth Group	$5,214,000	–	10,152	–	1.90%	–
MCK	New	McKesson Corp.	$5,176,000	–	15,866	–	1.89%	–
XOM	New	Exxon Mobil Corp.	$5,165,000	–	60,315	–	1.88%	–
ABT	New	Abbott Laboratories	$5,158,000	–	47,474	–	1.88%	–
DG	New	Dollar General Corp	$5,030,000	–	20,495	–	1.83%	–
STZ	New	Constellation Brand	$4,961,000	–	21,288	–	1.81%	–
CVS	New	CVS Caremark Corp.	$4,809,000	–	51,903	–	1.75%	–
IBM	New	International Busin	$4,703,000	–	33,311	–	1.71%	–
COP	New	ConocoPhillips	$4,667,000	–	51,960	–	1.70%	–
HSIC	New	Henry Schein Inc.	$4,653,000	–	60,633	–	1.70%	–
ALL	New	The Allstate Corp.	$4,593,000	–	36,242	–	1.67%	–
HCA	New	HCA Healthcare, INC	$4,521,000	–	26,901	–	1.65%	–
DUK	New	Duke Energy Corp.	$4,511,000	–	42,077	–	1.64%	–
GPC	New	Genuine Parts Co.	$4,501,000	–	33,843	–	1.64%	–
VZ	New	Verizon Communicati	$4,493,000	–	88,538	–	1.64%	–
KO	New	Coca-Cola Co.	$4,477,000	–	71,163	–	1.63%	–
BERY	New	Berry Global Group,	$4,473,000	–	81,861	–	1.63%	–
AFL	New	AFLAC Inc.	$4,461,000	–	80,634	–	1.63%	–
FISV	New	Fiserv Inc.	$4,444,000	–	49,946	–	1.62%	–
ZBRA	New	Zebra Technologies	$4,424,000	–	15,049	–	1.61%	–
LMT	New	Lockheed Martin Cor	$4,398,000	–	10,229	–	1.60%	–
XEL	New	Xcel Energy Inc.	$4,346,000	–	61,424	–	1.58%	–
HD	New	Home Depot Inc.	$4,332,000	–	15,793	–	1.58%	–
C	New	Citigroup Inc.	$4,318,000	–	93,897	–	1.57%	–
HSY	New	Hershey Co.	$4,295,000	–	19,963	–	1.56%	–
CMCSA	New	Comcast Corp. (Cl A	$4,292,000	–	109,369	–	1.56%	–
MPC	New	Marathon Petroleum	$4,263,000	–	51,859	–	1.55%	–
STT	New	State Street Corp.	$4,217,000	–	68,409	–	1.54%	–
SJM	New	J.M. Smucker Co.	$4,210,000	–	32,888	–	1.53%	–
DOV	New	Dover Corp.	$4,175,000	–	34,417	–	1.52%	–
EMR	New	Emerson Electric Co	$4,159,000	–	52,286	–	1.52%	–
HUBB	New	Hubbell Incorporate	$4,116,000	–	23,047	–	1.50%	–
CSCO	New	Cisco Systems Inc.	$4,104,000	–	96,257	–	1.50%	–
SNA	New	Snap-On Inc.	$4,096,000	–	20,789	–	1.49%	–
IPG	New	Interpublic Group O	$3,994,000	–	145,060	–	1.46%	–
TROW	New	T. Rowe Price Group	$3,980,000	–	35,028	–	1.45%	–
NRG	New	NRG Energy Inc.	$3,754,000	–	98,360	–	1.37%	–
	New	Warner Bros Discove	$3,732,000	–	278,063	–	1.36%	–
INTC	New	Intel Corp.	$3,660,000	–	97,845	–	1.33%	–
CFG	New	Citizens Financial	$3,595,000	–	100,734	–	1.31%	–
SPG	New	Simon Property Grou	$3,365,000	–	35,450	–	1.23%	–
KEY	New	KeyCorp	$3,271,000	–	189,844	–	1.19%	–
PEAK	New	Healthpeak Properti	$3,072,000	–	118,559	–	1.12%	–
MCD	New	McDonald's Corp.	$2,877,000	–	11,653	–	1.05%	–
LOW	New	Lowe's Cos.	$2,395,000	–	13,710	–	0.87%	–
AAPL	New	Apple Inc.	$1,875,000	–	13,711	–	0.68%	–
PEP	New	PepsiCo Inc.	$1,694,000	–	10,166	–	0.62%	–
V	New	Visa Inc.	$1,522,000	–	7,730	–	0.56%	–
NUE	New	Nucor Corp.	$1,447,000	–	13,859	–	0.53%	–
GOOG	New	Alphabet Inc. (Cl C	$1,378,000	–	630	–	0.50%	–
BLK	New	Blackrock Inc.	$1,237,000	–	2,031	–	0.45%	–
QCOM	New	QUALCOMM Inc.	$1,151,000	–	9,009	–	0.42%	–
NEE	New	NextEra Energy Inc	$1,068,000	–	13,794	–	0.39%	–
LRCX	New	Lam Research Corp.	$967,000	–	2,270	–	0.35%	–
LHX	New	L3Harris Technologi	$926,000	–	3,830	–	0.34%	–
BX	New	The Blackstone Grou	$746,000	–	8,176	–	0.27%	–
CW	New	Curtiss-Wright Corp	$738,000	–	5,589	–	0.27%	–
J	New	Jacobs Engineering	$733,000	–	5,767	–	0.27%	–
CVX	New	Chevron Corp.	$731,000	–	5,046	–	0.27%	–
CTRE	New	CareTrust REIT, Inc	$723,000	–	39,211	–	0.26%	–
SOI	New	Solaris Oilfield In	$725,000	–	66,640	–	0.26%	–
DIS	New	Walt Disney Co.	$680,000	–	7,200	–	0.25%	–
AMN	New	AMN Healthcare Serv	$673,000	–	6,131	–	0.24%	–
KNX	New	Knight Transportati	$666,000	–	14,388	–	0.24%	–
OCFC	New	OceanFirst Financia	$666,000	–	34,816	–	0.24%	–
ACN	New	Accenture Plc	$664,000	–	2,392	–	0.24%	–
IOSP	New	Innospec Inc	$657,000	–	6,858	–	0.24%	–
MMS	New	Maximus Inc.	$656,000	–	10,500	–	0.24%	–
RBC	New	Regal-Rexnord Corpo	$650,000	–	5,730	–	0.24%	–
STAG	New	STAG Industrial, In	$650,000	–	21,038	–	0.24%	–
ABCB	New	Ameris Bancorp	$628,000	–	15,627	–	0.23%	–
GTN	New	Gray Television Inc	$629,000	–	37,224	–	0.23%	–
ENSG	New	Ensign Group Inc.	$619,000	–	8,431	–	0.23%	–
PFE	New	Pfizer Inc.	$616,000	–	11,748	–	0.22%	–
GOOGL	New	Alphabet Inc. (Cl A	$606,000	–	278	–	0.22%	–
STX	New	Seagate Technology	$606,000	–	8,487	–	0.22%	–
ASGN	New	ASGN Inc.	$601,000	–	6,664	–	0.22%	–
IDA	New	IDACORP Inc.	$600,000	–	5,666	–	0.22%	–
IBCP	New	INDEPENDENT BK CORP	$599,000	–	31,091	–	0.22%	–
AVA	New	Avista Corp.	$599,000	–	13,759	–	0.22%	–
ALG	New	Alamo Group Inc.	$596,000	–	5,117	–	0.22%	–
SWM	New	Schweitzer-Mauduit	$595,000	–	23,691	–	0.22%	–
INT	New	World Fuel Services	$592,000	–	28,928	–	0.22%	–
PCRX	New	Pacira Biosciences,	$589,000	–	10,100	–	0.22%	–
SLM	New	SLM Corp.	$590,000	–	37,031	–	0.22%	–
VVV	New	Valvoline, Inc.	$582,000	–	20,175	–	0.21%	–
SIGI	New	Selective Insurance	$575,000	–	6,613	–	0.21%	–
UTG	New	Reaves Utility Inco	$577,000	–	18,612	–	0.21%	–
EFSC	New	Enterprise Finc'l S	$573,000	–	13,815	–	0.21%	–
CI	New	CIGNA Corp.	$557,000	–	2,115	–	0.20%	–
FNB	New	F.N.B. Corp.	$557,000	–	51,246	–	0.20%	–
HTLF	New	Heartland Financial	$554,000	–	13,335	–	0.20%	–
HELE	New	Helen of Troy Corp.	$539,000	–	3,318	–	0.20%	–
SAM	New	Boston Beer Co. (Cl	$539,000	–	1,780	–	0.20%	–
NMIH	New	NMI Holdings, Inc.	$531,000	–	31,917	–	0.19%	–
SSB	New	South State Corpora	$523,000	–	6,778	–	0.19%	–
AGM	New	Federal Agricultura	$520,000	–	5,321	–	0.19%	–
MCHP	New	Microchip Technolog	$519,000	–	8,932	–	0.19%	–
CHX	New	Championx Corp	$509,000	–	25,644	–	0.19%	–
EVR	New	Evercore Partners I	$510,000	–	5,453	–	0.19%	–
CRUS	New	Cirrus Logic Inc.	$507,000	–	6,991	–	0.18%	–
BC	New	Brunswick Corp.	$507,000	–	7,752	–	0.18%	–
SPB	New	Spectrum Brands Hol	$505,000	–	6,154	–	0.18%	–
MGRC	New	McGrath RentCorp	$497,000	–	6,533	–	0.18%	–
APLE	New	Apple Hospitality R	$497,000	–	33,880	–	0.18%	–
RPRX	New	Royalty Pharma Plc	$493,000	–	11,725	–	0.18%	–
TER	New	Teradyne Inc.	$492,000	–	5,492	–	0.18%	–
ALE	New	Allete Inc.	$475,000	–	8,082	–	0.17%	–
LXP	New	Lexington Realty Tr	$472,000	–	43,907	–	0.17%	–
HOMB	New	Home BancShares Inc	$459,000	–	22,098	–	0.17%	–
ENS	New	EnerSys Inc.	$454,000	–	7,702	–	0.16%	–
MRK	New	Merck & Co Inc	$446,000	–	4,890	–	0.16%	–
CRI	New	Carter's Inc.	$431,000	–	6,111	–	0.16%	–
PDM	New	Piedmont Office Rea	$419,000	–	31,967	–	0.15%	–
DLX	New	Deluxe Corp.	$398,000	–	18,354	–	0.14%	–
NSIT	New	Insight Enterprises	$395,000	–	4,576	–	0.14%	–
	New	Healthcare Realty T	$383,000	–	14,095	–	0.14%	–
LSI	New	Life Storage	$381,000	–	3,408	–	0.14%	–
FLWS	New	1-800-Flowers.com I	$325,000	–	34,163	–	0.12%	–
PRG	New	PROG Holdings, Inc.	$317,000	–	19,227	–	0.12%	–
BWA	New	BorgWarner Inc.	$319,000	–	9,562	–	0.12%	–
JLL	New	Jones Lang LaSalle	$300,000	–	1,718	–	0.11%	–
HAIN	New	Hain Celestial Grou	$277,000	–	11,664	–	0.10%	–
D	New	Dominion Resources	$271,000	–	3,400	–	0.10%	–
IIVI	New	II-VI Inc.	$251,000	–	4,919	–	0.09%	–
FBHS	New	Fortune Brands Home	$246,000	–	4,113	–	0.09%	–
LYB	New	LyondellBasell Indu	$248,000	–	2,837	–	0.09%	–
DE	New	Deere & Co.	$247,000	–	824	–	0.09%	–

Q4 2021

			Value		Shares		↓ Weighting
COF	Exit	Capital One Financi	$0	–	-1,280	–	-0.07%	–
GLW	Exit	Corning Inc.	$0	–	-5,810	–	-0.07%	–
HOMB	Exit	Home BancShares Inc	$0	–	-8,989	–	-0.07%	–
EA	Exit	Electronic Arts, In	$0	–	-1,721	–	-0.08%	–
AMAT	Exit	Applied Materials I	$0	–	-1,990	–	-0.08%	–
LYB	Exit	LyondellBasell Indu	$0	–	-2,778	–	-0.09%	–
DE	Exit	Deere & Co.	$0	–	-874	–	-0.10%	–
MRK	Exit	Merck & Co Inc	$0	–	-4,970	–	-0.12%	–
CI	Exit	CIGNA Corp.	$0	–	-2,181	–	-0.14%	–
LSI	Exit	Life Storage	$0	–	-3,985	–	-0.15%	–
IIVI	Exit	II-VI Inc.	$0	–	-7,748	–	-0.15%	–
ALE	Exit	Allete Inc.	$0	–	-8,449	–	-0.16%	–
HAIN	Exit	Hain Celestial Grou	$0	–	-11,909	–	-0.17%	–
PFE	Exit	Pfizer Inc.	$0	–	-11,910	–	-0.17%	–
NSIT	Exit	Insight Enterprises	$0	–	-5,757	–	-0.17%	–
VIVO	Exit	Meridian Bioscience	$0	–	-28,092	–	-0.18%	–
BWA	Exit	BorgWarner Inc.	$0	–	-12,575	–	-0.18%	–
SOI	Exit	Solaris Oilfield In	$0	–	-67,456	–	-0.18%	–
TER	Exit	Teradyne Inc.	$0	–	-5,188	–	-0.19%	–
OSBC	Exit	Old Second Bancorp	$0	–	-43,880	–	-0.19%	–
AVA	Exit	Avista Corp.	$0	–	-14,849	–	-0.19%	–
HCI	Exit	HCI Group Inc	$0	–	-5,244	–	-0.19%	–
HTLF	Exit	Heartland Financial	$0	–	-12,284	–	-0.19%	–
STAG	Exit	STAG Industrial, In	$0	–	-15,671	–	-0.20%	–
SIGI	Exit	Selective Insurance	$0	–	-8,300	–	-0.21%	–
HR	Exit	Healthcare Realty T	$0	–	-21,218	–	-0.21%	–
RBC	Exit	Regal-Rexnord Corpo	$0	–	-4,213	–	-0.21%	–
IDA	Exit	IDACORP Inc.	$0	–	-6,130	–	-0.21%	–
LXP	Exit	Lexington Realty Tr	$0	–	-50,419	–	-0.21%	–
SLM	Exit	SLM Corp.	$0	–	-36,457	–	-0.21%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-31,928	–	-0.21%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-2,927	–	-0.22%	–
AMN	Exit	AMN Healthcare Serv	$0	–	-5,740	–	-0.22%	–
JLL	Exit	Jones Lang LaSalle	$0	–	-2,672	–	-0.22%	–
ZBRA	Exit	Zebra Technologies	$0	–	-1,296	–	-0.22%	–
APLE	Exit	Apple Hospitality R	$0	–	-42,492	–	-0.22%	–
EVR	Exit	Evercore Partners I	$0	–	-5,177	–	-0.23%	–
PDM	Exit	Piedmont Office Rea	$0	–	-40,057	–	-0.23%	–
FLWS	Exit	1-800-Flowers.com I	$0	–	-23,295	–	-0.23%	–
ENS	Exit	EnerSys Inc.	$0	–	-9,678	–	-0.24%	–
IOSP	Exit	Innospec Inc	$0	–	-8,604	–	-0.24%	–
LZB	Exit	La-Z-Boy Inc.	$0	–	-22,598	–	-0.24%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-21,299	–	-0.24%	–
LHCG	Exit	LHC Group	$0	–	-4,814	–	-0.25%	–
J	Exit	Jacobs Engineering	$0	–	-5,867	–	-0.26%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-292	–	-0.26%	–
EFSC	Exit	Enterprise Finc'l S	$0	–	-17,318	–	-0.26%	–
NMIH	Exit	NMI Holdings, Inc.	$0	–	-35,001	–	-0.26%	–
ABCB	Exit	Ameris Bancorp	$0	–	-15,516	–	-0.26%	–
SSB	Exit	South State Corpora	$0	–	-10,980	–	-0.27%	–
SPB	Exit	Spectrum Brands Hol	$0	–	-8,602	–	-0.27%	–
DLX	Exit	Deluxe Corp.	$0	–	-23,036	–	-0.27%	–
IBCP	Exit	INDEPENDENT BK CORP	$0	–	-38,989	–	-0.28%	–
ASGN	Exit	ASGN Inc.	$0	–	-7,429	–	-0.28%	–
FNB	Exit	F.N.B. Corp.	$0	–	-72,294	–	-0.28%	–
INT	Exit	World Fuel Services	$0	–	-25,053	–	-0.28%	–
MMS	Exit	Maximus Inc.	$0	–	-10,212	–	-0.28%	–
PCRX	Exit	Pacira Biosciences,	$0	–	-15,897	–	-0.29%	–
ALG	Exit	Alamo Group Inc.	$0	–	-6,424	–	-0.29%	–
AGM	Exit	Federal Agricultura	$0	–	-8,406	–	-0.30%	–
KNX	Exit	Knight Transportati	$0	–	-18,011	–	-0.30%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-11,268	–	-0.30%	–
OCFC	Exit	OceanFirst Financia	$0	–	-43,660	–	-0.31%	–
STX	Exit	Seagate Technology	$0	–	-11,508	–	-0.31%	–
CRI	Exit	Carter's Inc.	$0	–	-9,811	–	-0.31%	–
NEE	Exit	NextEra Energy Inc	$0	–	-12,242	–	-0.32%	–
MGRC	Exit	McGrath RentCorp	$0	–	-13,481	–	-0.32%	–
CW	Exit	Curtiss-Wright Corp	$0	–	-7,711	–	-0.32%	–
VVV	Exit	Valvoline, Inc.	$0	–	-31,303	–	-0.32%	–
PRG	Exit	PROG Holdings, Inc.	$0	–	-24,139	–	-0.33%	–
BC	Exit	Brunswick Corp.	$0	–	-10,809	–	-0.34%	–
TGNA	Exit	Tegna, Inc.	$0	–	-52,820	–	-0.34%	–
BX	Exit	The Blackstone Grou	$0	–	-9,057	–	-0.35%	–
LHX	Exit	L3Harris Technologi	$0	–	-4,885	–	-0.35%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-8,877	–	-0.38%	–
DIS	Exit	Walt Disney Co.	$0	–	-6,970	–	-0.39%	–
LRCX	Exit	Lam Research Corp.	$0	–	-2,157	–	-0.40%	–
PEP	Exit	PepsiCo Inc.	$0	–	-10,841	–	-0.54%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-641	–	-0.56%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,049	–	-0.56%	–
V	Exit	Visa Inc.	$0	–	-8,130	–	-0.59%	–
NUE	Exit	Nucor Corp.	$0	–	-21,214	–	-0.69%	–
AAPL	Exit	Apple Inc.	$0	–	-16,464	–	-0.76%	–
MCD	Exit	McDonald's Corp.	$0	–	-11,938	–	-0.94%	–
LOW	Exit	Lowe's Cos.	$0	–	-14,215	–	-0.95%	–
SPG	Exit	Simon Property Grou	$0	–	-28,039	–	-1.20%	–
DISCA	Exit	Discovery Commun In	$0	–	-153,822	–	-1.28%	–
WELL	Exit	Welltower Inc	$0	–	-48,274	–	-1.31%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-10,133	–	-1.31%	–
IPG	Exit	Interpublic Group O	$0	–	-113,364	–	-1.36%	–
MPC	Exit	Marathon Petroleum	$0	–	-68,435	–	-1.39%	–
HUBB	Exit	Hubbell Incorporate	$0	–	-23,465	–	-1.39%	–
LNT	Exit	Alliant Energy Corp	$0	–	-76,102	–	-1.40%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-36,069	–	-1.42%	–
EMR	Exit	Emerson Electric Co	$0	–	-46,080	–	-1.42%	–
KO	Exit	Coca-Cola Co.	$0	–	-83,749	–	-1.44%	–
ED	Exit	Consolidated Edison	$0	–	-60,725	–	-1.45%	–
ABT	Exit	Abbott Laboratories	$0	–	-37,665	–	-1.46%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-33,703	–	-1.46%	–
DOV	Exit	Dover Corp.	$0	–	-28,729	–	-1.47%	–
RPM	Exit	RPM International I	$0	–	-57,703	–	-1.47%	–
GPC	Exit	Genuine Parts Co.	$0	–	-37,712	–	-1.50%	–
SNA	Exit	Snap-On Inc.	$0	–	-22,022	–	-1.51%	–
DG	Exit	Dollar General Corp	$0	–	-21,821	–	-1.52%	–
COP	Exit	ConocoPhillips	$0	–	-68,528	–	-1.52%	–
HD	Exit	Home Depot Inc.	$0	–	-14,277	–	-1.54%	–
HSIC	Exit	Henry Schein Inc.	$0	–	-61,519	–	-1.54%	–
MCK	Exit	McKesson Corp.	$0	–	-23,657	–	-1.55%	–
HSY	Exit	Hershey Co.	$0	–	-27,995	–	-1.56%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-87,210	–	-1.56%	–
STZ	Exit	Constellation Brand	$0	–	-22,599	–	-1.56%	–
GD	Exit	General Dynamics Co	$0	–	-24,356	–	-1.57%	–
CVX	Exit	Chevron Corp.	$0	–	-47,130	–	-1.57%	–
D	Exit	Dominion Resources	$0	–	-65,846	–	-1.58%	–
UNH	Exit	UnitedHealth Group	$0	–	-12,301	–	-1.58%	–
HCA	Exit	HCA Healthcare, INC	$0	–	-20,033	–	-1.60%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-87,492	–	-1.61%	–
INTC	Exit	Intel Corp.	$0	–	-93,078	–	-1.63%	–
VZ	Exit	Verizon Communicati	$0	–	-91,939	–	-1.63%	–
AFL	Exit	AFLAC Inc.	$0	–	-95,684	–	-1.64%	–
ALL	Exit	The Allstate Corp.	$0	–	-40,041	–	-1.67%	–
TROW	Exit	T. Rowe Price Group	$0	–	-25,909	–	-1.67%	–
CFG	Exit	Citizens Financial	$0	–	-109,196	–	-1.68%	–
ACN	Exit	Accenture Plc	$0	–	-16,449	–	-1.73%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-62,333	–	-1.74%	–
STT	Exit	State Street Corp.	$0	–	-62,813	–	-1.75%	–
C	Exit	Citigroup Inc.	$0	–	-77,639	–	-1.79%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-93,454	–	-1.82%	–
IBM	Exit	International Busin	$0	–	-41,265	–	-1.88%	–
ABBV	Exit	Abbvie Inc	$0	–	-55,570	–	-1.97%	–
JNJ	Exit	Johnson & Johnson	$0	–	-40,062	–	-2.12%	–
MET	Exit	MetLife Inc.	$0	–	-106,697	–	-2.16%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-45,799	–	-2.46%	–

Q3 2021

			Value		Shares		↓ Weighting
JPM	Buy	JPMorgan Chase & Co	$7,497,000	+5.8%	45,799	+0.6%	2.46%	+9.1%
MET	Buy	MetLife Inc.	$6,586,000	+6.2%	106,697	+3.0%	2.16%	+9.5%
JNJ	Buy	Johnson & Johnson	$6,470,000	-1.5%	40,062	+0.5%	2.12%	+1.6%
ABBV	Buy	Abbvie Inc	$5,994,000	+22.0%	55,570	+27.4%	1.97%	+25.7%
IBM	Buy	International Busin	$5,733,000	+1.3%	41,265	+6.9%	1.88%	+4.4%
BMY	Buy	Bristol-Myers Squib	$5,530,000	-4.9%	93,454	+7.4%	1.82%	-1.9%
C	Buy	Citigroup Inc.	$5,449,000	+2.4%	77,639	+3.2%	1.79%	+5.5%
STT	Sell	State Street Corp.	$5,322,000	+0.6%	62,813	-2.3%	1.75%	+3.7%
CVS	Buy	CVS Caremark Corp.	$5,290,000	+11.5%	62,333	+9.6%	1.74%	+15.0%
ACN	Sell	Accenture Plc	$5,262,000	-7.8%	16,449	-15.1%	1.73%	-5.0%
CFG	Buy	Citizens Financial	$5,130,000	+7.2%	109,196	+4.7%	1.68%	+10.5%
TROW	Sell	T. Rowe Price Group	$5,096,000	-14.7%	25,909	-14.1%	1.67%	-12.0%
ALL	Sell	The Allstate Corp.	$5,098,000	-4.6%	40,041	-2.2%	1.67%	-1.6%
AFL	Sell	AFLAC Inc.	$4,988,000	-5.2%	95,684	-2.4%	1.64%	-2.3%
VZ	Sell	Verizon Communicati	$4,966,000	-5.6%	91,939	-2.1%	1.63%	-2.6%
INTC	Buy	Intel Corp.	$4,959,000	+2.8%	93,078	+8.3%	1.63%	+5.9%
CMCSA	Sell	Comcast Corp. (Cl A	$4,893,000	-4.2%	87,492	-2.3%	1.61%	-1.2%
HCA	Sell	HCA Healthcare, INC	$4,862,000	-1.8%	20,033	-16.4%	1.60%	+1.2%
D	Sell	Dominion Resources	$4,808,000	-2.9%	65,846	-2.2%	1.58%	+0.1%
UNH	Sell	UnitedHealth Group	$4,806,000	-5.0%	12,301	-2.6%	1.58%	-2.0%
CVX	Sell	Chevron Corp.	$4,781,000	-5.8%	47,130	-2.7%	1.57%	-2.9%
GD	Sell	General Dynamics Co	$4,775,000	+1.3%	24,356	-2.8%	1.57%	+4.4%
STZ	Sell	Constellation Brand	$4,761,000	-11.2%	22,599	-1.4%	1.56%	-8.5%
CSCO	Sell	Cisco Systems Inc.	$4,747,000	-8.3%	87,210	-10.8%	1.56%	-5.5%
HSY	Sell	Hershey Co.	$4,738,000	-4.8%	27,995	-2.1%	1.56%	-1.9%
MCK	Buy	McKesson Corp.	$4,717,000	+7.4%	23,657	+3.0%	1.55%	+10.7%
HSIC	Sell	Henry Schein Inc.	$4,685,000	+0.2%	61,519	-2.4%	1.54%	+3.3%
HD	Sell	Home Depot Inc.	$4,687,000	-3.9%	14,277	-6.6%	1.54%	-1.0%
COP	Sell	ConocoPhillips	$4,644,000	+8.2%	68,528	-2.7%	1.52%	+11.6%
DG	Sell	Dollar General Corp	$4,629,000	-13.7%	21,821	-12.0%	1.52%	-11.1%
SNA	Buy	Snap-On Inc.	$4,601,000	+1.9%	22,022	+9.0%	1.51%	+5.1%
GPC	Buy	Genuine Parts Co.	$4,572,000	+0.2%	37,712	+4.6%	1.50%	+3.4%
RPM	Buy	RPM International I	$4,481,000	+1.6%	57,703	+16.0%	1.47%	+4.8%
DOV	Sell	Dover Corp.	$4,467,000	-10.7%	28,729	-13.6%	1.47%	-8.0%
KMB	Sell	Kimberly-Clark Corp	$4,464,000	-4.4%	33,703	-3.5%	1.46%	-1.5%
ABT	Buy	Abbott Laboratories	$4,449,000	+5.8%	37,665	+3.8%	1.46%	+9.0%
ED	Sell	Consolidated Edison	$4,408,000	-1.0%	60,725	-2.2%	1.45%	+2.0%
KO	Sell	Coca-Cola Co.	$4,394,000	-5.4%	83,749	-2.4%	1.44%	-2.4%
EMR	Sell	Emerson Electric Co	$4,341,000	-10.1%	46,080	-8.2%	1.42%	-7.3%
SJM	Buy	J.M. Smucker Co.	$4,329,000	-4.4%	36,069	+3.2%	1.42%	-1.4%
LNT	Buy	Alliant Energy Corp	$4,260,000	+6.5%	76,102	+6.1%	1.40%	+9.7%
HUBB	Sell	Hubbell Incorporate	$4,239,000	-5.6%	23,465	-2.4%	1.39%	-2.7%
MPC	Sell	Marathon Petroleum	$4,230,000	-1.2%	68,435	-3.4%	1.39%	+1.8%
IPG	Sell	Interpublic Group O	$4,157,000	+10.2%	113,364	-2.4%	1.36%	+13.6%
GWW	Sell	W.W. Grainger Inc.	$3,983,000	-13.1%	10,133	-3.2%	1.31%	-10.4%
WELL	Sell	Welltower Inc	$3,978,000	-12.7%	48,274	-12.0%	1.31%	-10.0%
DISCA	Buy	Discovery Commun In	$3,904,000	-2.0%	153,822	+18.4%	1.28%	+0.9%
SPG	Buy	Simon Property Grou	$3,644,000	+0.6%	28,039	+1.0%	1.20%	+3.6%
LOW	Sell	Lowe's Cos.	$2,884,000	+2.5%	14,215	-2.1%	0.95%	+5.7%
MCD	Sell	McDonald's Corp.	$2,878,000	+4.3%	11,938	-0.1%	0.94%	+7.5%
AAPL	Sell	Apple Inc.	$2,330,000	-2.2%	16,464	-5.3%	0.76%	+0.9%
NUE	Sell	Nucor Corp.	$2,089,000	-24.4%	21,214	-26.4%	0.69%	-22.0%
V	Sell	Visa Inc.	$1,811,000	-6.7%	8,130	-2.1%	0.59%	-3.9%
BLK	Sell	Blackrock Inc.	$1,718,000	-4.7%	2,049	-0.5%	0.56%	-1.7%
GOOG	Sell	Alphabet Inc. (Cl C	$1,708,000	+1.8%	641	-4.2%	0.56%	+5.1%
PEP	Sell	PepsiCo Inc.	$1,631,000	+1.2%	10,841	-0.3%	0.54%	+4.3%
DIS	Sell	Walt Disney Co.	$1,179,000	-4.6%	6,970	-0.9%	0.39%	-1.8%
BX	Sell	The Blackstone Grou	$1,054,000	-6.4%	9,057	-21.9%	0.35%	-3.6%
TGNA	Sell	Tegna, Inc.	$1,042,000	-4.3%	52,820	-9.0%	0.34%	-1.4%
PRG	Buy	PROG Holdings, Inc.	$1,014,000	+4.3%	24,139	+19.5%	0.33%	+7.8%
NEE	Sell	NextEra Energy Inc	$961,000	+4.1%	12,242	-2.8%	0.32%	+7.1%
STX	Buy	Seagate Technology	$950,000	-3.9%	11,508	+2.4%	0.31%	-1.0%
CRUS	Sell	Cirrus Logic Inc.	$928,000	-13.4%	11,268	-10.4%	0.30%	-10.6%
KNX	Sell	Knight Transportati	$921,000	+0.8%	18,011	-10.5%	0.30%	+3.8%
ASGN	Sell	ASGN Inc.	$841,000	-15.9%	7,429	-28.0%	0.28%	-13.2%
DLX	Buy	Deluxe Corp.	$827,000	-0.1%	23,036	+32.9%	0.27%	+2.7%
SPB	Sell	Spectrum Brands Hol	$823,000	-2.8%	8,602	-13.6%	0.27%	0.0%
NMIH	Buy	NMI Holdings, Inc.	$791,000	+30.1%	35,001	+29.4%	0.26%	+34.0%
GOOGL	Sell	Alphabet Inc. (Cl A	$781,000	+7.7%	292	-1.7%	0.26%	+10.8%
J	Sell	Jacobs Engineering	$778,000	-0.8%	5,867	-0.2%	0.26%	+2.0%
LHCG	Buy	LHC Group	$755,000	-5.0%	4,814	+21.2%	0.25%	-2.0%
APLE	Buy	Apple Hospitality R	$668,000	+30.5%	42,492	+26.6%	0.22%	+34.4%
ZBRA	Sell	Zebra Technologies	$668,000	-8.6%	1,296	-6.2%	0.22%	-6.0%
JLL	Sell	Jones Lang LaSalle	$663,000	+5.6%	2,672	-16.9%	0.22%	+9.0%
HELE	Sell	Helen of Troy Corp.	$658,000	-40.8%	2,927	-39.9%	0.22%	-39.0%
AMN	Sell	AMN Healthcare Serv	$659,000	+0.8%	5,740	-14.9%	0.22%	+3.8%
HR	Buy	Healthcare Realty T	$632,000	+18.4%	21,218	+20.1%	0.21%	+21.8%
HTLF	Buy	Heartland Financial	$591,000	+25.5%	12,284	+22.4%	0.19%	+29.3%
HCI	Sell	HCI Group Inc	$581,000	-24.4%	5,244	-32.2%	0.19%	-22.0%
OSBC	Buy	Old Second Bancorp	$573,000	+31.1%	43,880	+24.4%	0.19%	+35.3%
SOI	Buy	Solaris Oilfield In	$563,000	+2.2%	67,456	+19.3%	0.18%	+5.7%
BWA	Buy	BorgWarner Inc.	$543,000	+21.2%	12,575	+36.3%	0.18%	+24.5%
VIVO	New	Meridian Bioscience	$540,000	–	28,092	–	0.18%	–
IIVI	Buy	II-VI Inc.	$460,000	+5.7%	7,748	+29.4%	0.15%	+8.6%
LSI	Sell	Life Storage	$457,000	-13.4%	3,985	-19.0%	0.15%	-10.7%
CI	Buy	CIGNA Corp.	$437,000	-12.9%	2,181	+3.1%	0.14%	-10.6%
MRK	Sell	Merck & Co Inc	$373,000	-9.9%	4,970	-6.6%	0.12%	-7.6%
LYB	New	LyondellBasell Indu	$261,000	–	2,778	–	0.09%	–
EA	Buy	Electronic Arts, In	$245,000	+8.9%	1,721	+10.0%	0.08%	+11.1%
HOMB	Sell	Home BancShares Inc	$212,000	-37.3%	8,989	-34.3%	0.07%	-35.2%
COF	New	Capital One Financi	$207,000	–	1,280	–	0.07%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-2,501	–	-0.07%	–
PNC	Exit	PNC Financial Servi	$0	–	-1,250	–	-0.08%	–
PNW	Exit	Pinnacle West Capit	$0	–	-3,237	–	-0.08%	–
LEA	Exit	Lear Corp.	$0	–	-15,238	–	-0.85%	–

Q2 2021

			Value		Shares		↓ Weighting
JPM	New	JPMorgan Chase & Co	$7,083,000	–	45,540	–	2.26%	–
JNJ	New	Johnson & Johnson	$6,568,000	–	39,870	–	2.09%	–
MET	New	MetLife Inc.	$6,199,000	–	103,583	–	1.97%	–
TROW	New	T. Rowe Price Group	$5,974,000	–	30,178	–	1.90%	–
BMY	New	Bristol-Myers Squib	$5,813,000	–	86,990	–	1.85%	–
ACN	New	Accenture Plc	$5,710,000	–	19,369	–	1.82%	–
IBM	New	International Busin	$5,659,000	–	38,606	–	1.80%	–
DG	New	Dollar General Corp	$5,365,000	–	24,794	–	1.71%	–
STZ	New	Constellation Brand	$5,363,000	–	22,929	–	1.71%	–
ALL	New	The Allstate Corp.	$5,342,000	–	40,950	–	1.70%	–
C	New	Citigroup Inc.	$5,322,000	–	75,222	–	1.70%	–
STT	New	State Street Corp.	$5,291,000	–	64,303	–	1.68%	–
AFL	New	AFLAC Inc.	$5,263,000	–	98,083	–	1.68%	–
VZ	New	Verizon Communicati	$5,259,000	–	93,865	–	1.67%	–
CSCO	New	Cisco Systems Inc.	$5,179,000	–	97,724	–	1.65%	–
CMCSA	New	Comcast Corp. (Cl A	$5,106,000	–	89,552	–	1.63%	–
CVX	New	Chevron Corp.	$5,075,000	–	48,450	–	1.62%	–
UNH	New	UnitedHealth Group	$5,058,000	–	12,631	–	1.61%	–
DOV	New	Dover Corp.	$5,005,000	–	33,233	–	1.59%	–
HSY	New	Hershey Co.	$4,979,000	–	28,585	–	1.58%	–
D	New	Dominion Resources	$4,954,000	–	67,336	–	1.58%	–
HCA	New	HCA Healthcare, INC	$4,953,000	–	23,957	–	1.58%	–
ABBV	New	Abbvie Inc	$4,914,000	–	43,627	–	1.56%	–
HD	New	Home Depot Inc.	$4,877,000	–	15,294	–	1.55%	–
EMR	New	Emerson Electric Co	$4,829,000	–	50,173	–	1.54%	–
INTC	New	Intel Corp.	$4,826,000	–	85,971	–	1.54%	–
CFG	New	Citizens Financial	$4,785,000	–	104,307	–	1.52%	–
CVS	New	CVS Caremark Corp.	$4,744,000	–	56,854	–	1.51%	–
GD	New	General Dynamics Co	$4,715,000	–	25,046	–	1.50%	–
HSIC	New	Henry Schein Inc.	$4,675,000	–	63,009	–	1.49%	–
KMB	New	Kimberly-Clark Corp	$4,671,000	–	34,913	–	1.49%	–
KO	New	Coca-Cola Co.	$4,643,000	–	85,809	–	1.48%	–
GWW	New	W.W. Grainger Inc.	$4,583,000	–	10,463	–	1.46%	–
GPC	New	Genuine Parts Co.	$4,561,000	–	36,062	–	1.45%	–
WELL	New	Welltower Inc	$4,557,000	–	54,837	–	1.45%	–
SJM	New	J.M. Smucker Co.	$4,527,000	–	34,940	–	1.44%	–
SNA	New	Snap-On Inc.	$4,513,000	–	20,199	–	1.44%	–
HUBB	New	Hubbell Incorporate	$4,491,000	–	24,035	–	1.43%	–
ED	New	Consolidated Edison	$4,454,000	–	62,105	–	1.42%	–
RPM	New	RPM International I	$4,410,000	–	49,735	–	1.40%	–
MCK	New	McKesson Corp.	$4,393,000	–	22,973	–	1.40%	–
COP	New	ConocoPhillips	$4,291,000	–	70,463	–	1.37%	–
MPC	New	Marathon Petroleum	$4,280,000	–	70,845	–	1.36%	–
ABT	New	Abbott Laboratories	$4,207,000	–	36,293	–	1.34%	–
LNT	New	Alliant Energy Corp	$4,001,000	–	71,749	–	1.27%	–
DISCA	New	Discovery Commun In	$3,985,000	–	129,873	–	1.27%	–
IPG	New	Interpublic Group O	$3,773,000	–	116,114	–	1.20%	–
SPG	New	Simon Property Grou	$3,623,000	–	27,769	–	1.15%	–
LOW	New	Lowe's Cos.	$2,815,000	–	14,515	–	0.90%	–
NUE	New	Nucor Corp.	$2,764,000	–	28,810	–	0.88%	–
MCD	New	McDonald's Corp.	$2,760,000	–	11,948	–	0.88%	–
LEA	New	Lear Corp.	$2,671,000	–	15,238	–	0.85%	–
AAPL	New	Apple Inc.	$2,382,000	–	17,389	–	0.76%	–
V	New	Visa Inc.	$1,942,000	–	8,305	–	0.62%	–
BLK	New	Blackrock Inc.	$1,802,000	–	2,059	–	0.57%	–
GOOG	New	Alphabet Inc. (Cl C	$1,677,000	–	669	–	0.53%	–
PEP	New	PepsiCo Inc.	$1,611,000	–	10,871	–	0.51%	–
LRCX	New	Lam Research Corp.	$1,404,000	–	2,157	–	0.45%	–
QCOM	New	QUALCOMM Inc.	$1,269,000	–	8,877	–	0.40%	–
DIS	New	Walt Disney Co.	$1,236,000	–	7,030	–	0.39%	–
BX	New	The Blackstone Grou	$1,126,000	–	11,595	–	0.36%	–
HELE	New	Helen of Troy Corp.	$1,111,000	–	4,869	–	0.35%	–
MGRC	New	McGrath RentCorp	$1,100,000	–	13,481	–	0.35%	–
TGNA	New	Tegna, Inc.	$1,089,000	–	58,053	–	0.35%	–
BC	New	Brunswick Corp.	$1,077,000	–	10,809	–	0.34%	–
CRUS	New	Cirrus Logic Inc.	$1,071,000	–	12,582	–	0.34%	–
LHX	New	L3Harris Technologi	$1,056,000	–	4,885	–	0.34%	–
VVV	New	Valvoline, Inc.	$1,016,000	–	31,303	–	0.32%	–
CRI	New	Carter's Inc.	$1,012,000	–	9,811	–	0.32%	–
ASGN	New	ASGN Inc.	$1,000,000	–	10,315	–	0.32%	–
STX	New	Seagate Technology	$989,000	–	11,242	–	0.32%	–
ALG	New	Alamo Group Inc.	$981,000	–	6,424	–	0.31%	–
PRG	New	PROG Holdings, Inc.	$972,000	–	20,203	–	0.31%	–
PCRX	New	Pacira Biosciences,	$965,000	–	15,897	–	0.31%	–
ENS	New	EnerSys Inc.	$946,000	–	9,678	–	0.30%	–
NEE	New	NextEra Energy Inc	$923,000	–	12,592	–	0.29%	–
CW	New	Curtiss-Wright Corp	$916,000	–	7,711	–	0.29%	–
KNX	New	Knight Transportati	$914,000	–	20,114	–	0.29%	–
OCFC	New	OceanFirst Financia	$910,000	–	43,660	–	0.29%	–
SSB	New	South State Corpora	$898,000	–	10,980	–	0.29%	–
MMS	New	Maximus Inc.	$898,000	–	10,212	–	0.29%	–
FNB	New	F.N.B. Corp.	$891,000	–	72,294	–	0.28%	–
SWM	New	Schweitzer-Mauduit	$860,000	–	21,299	–	0.27%	–
SPB	New	Spectrum Brands Hol	$847,000	–	9,957	–	0.27%	–
IBCP	New	INDEPENDENT BK CORP	$846,000	–	38,989	–	0.27%	–
LZB	New	La-Z-Boy Inc.	$837,000	–	22,598	–	0.27%	–
AGM	New	Federal Agricultura	$831,000	–	8,406	–	0.26%	–
DLX	New	Deluxe Corp.	$828,000	–	17,336	–	0.26%	–
EFSC	New	Enterprise Finc'l S	$803,000	–	17,318	–	0.26%	–
LHCG	New	LHC Group	$795,000	–	3,971	–	0.25%	–
INT	New	World Fuel Services	$795,000	–	25,053	–	0.25%	–
ABCB	New	Ameris Bancorp	$786,000	–	15,516	–	0.25%	–
J	New	Jacobs Engineering	$784,000	–	5,877	–	0.25%	–
IOSP	New	Innospec Inc	$780,000	–	8,604	–	0.25%	–
HCI	New	HCI Group Inc	$769,000	–	7,738	–	0.24%	–
SLM	New	SLM Corp.	$763,000	–	36,457	–	0.24%	–
CTRE	New	CareTrust REIT, Inc	$742,000	–	31,928	–	0.24%	–
FLWS	New	1-800-Flowers.com I	$742,000	–	23,295	–	0.24%	–
PDM	New	Piedmont Office Rea	$740,000	–	40,057	–	0.24%	–
ZBRA	New	Zebra Technologies	$731,000	–	1,381	–	0.23%	–
EVR	New	Evercore Partners I	$729,000	–	5,177	–	0.23%	–
GOOGL	New	Alphabet Inc. (Cl A	$725,000	–	297	–	0.23%	–
TER	New	Teradyne Inc.	$695,000	–	5,188	–	0.22%	–
SIGI	New	Selective Insurance	$674,000	–	8,300	–	0.22%	–
AMN	New	AMN Healthcare Serv	$654,000	–	6,746	–	0.21%	–
AVA	New	Avista Corp.	$634,000	–	14,849	–	0.20%	–
JLL	New	Jones Lang LaSalle	$628,000	–	3,214	–	0.20%	–
NMIH	New	NMI Holdings, Inc.	$608,000	–	27,055	–	0.19%	–
LXP	New	Lexington Realty Tr	$603,000	–	50,419	–	0.19%	–
IDA	New	IDACORP Inc.	$598,000	–	6,130	–	0.19%	–
ALE	New	Allete Inc.	$591,000	–	8,449	–	0.19%	–
STAG	New	STAG Industrial, In	$587,000	–	15,671	–	0.19%	–
NSIT	New	Insight Enterprises	$576,000	–	5,757	–	0.18%	–
RBC	New	Regal-Beloit Corp.	$562,000	–	4,213	–	0.18%	–
SOI	New	Solaris Oilfield In	$551,000	–	56,540	–	0.18%	–
HR	New	Healthcare Realty T	$534,000	–	17,668	–	0.17%	–
LSI	New	Life Storage	$528,000	–	4,921	–	0.17%	–
APLE	New	Apple Hospitality R	$512,000	–	33,575	–	0.16%	–
CI	New	CIGNA Corp.	$502,000	–	2,116	–	0.16%	–
HAIN	New	Hain Celestial Grou	$478,000	–	11,909	–	0.15%	–
HTLF	New	Heartland Financial	$471,000	–	10,033	–	0.15%	–
PFE	New	Pfizer Inc.	$466,000	–	11,910	–	0.15%	–
BWA	New	BorgWarner Inc.	$448,000	–	9,225	–	0.14%	–
IIVI	New	II-VI Inc.	$435,000	–	5,989	–	0.14%	–
OSBC	New	Old Second Bancorp	$437,000	–	35,279	–	0.14%	–
MRK	New	Merck & Co Inc	$414,000	–	5,320	–	0.13%	–
HOMB	New	Home BancShares Inc	$338,000	–	13,689	–	0.11%	–
DE	New	Deere & Co.	$308,000	–	874	–	0.10%	–
AMAT	New	Applied Materials I	$283,000	–	1,990	–	0.09%	–
PNW	New	Pinnacle West Capit	$265,000	–	3,237	–	0.08%	–
PNC	New	PNC Financial Servi	$238,000	–	1,250	–	0.08%	–
GLW	New	Corning Inc.	$238,000	–	5,810	–	0.08%	–
EA	New	Electronic Arts, In	$225,000	–	1,565	–	0.07%	–
ENSG	New	Ensign Group Inc.	$217,000	–	2,501	–	0.07%	–

Q4 2020

			Value		Shares		↓ Weighting
FNB	Exit	F.N.B. Corp.	$0	–	-35,036	–	-0.10%	–
DLX	Exit	Deluxe Corp.	$0	–	-9,629	–	-0.10%	–
HTLF	Exit	Heartland Financial	$0	–	-8,572	–	-0.10%	–
NP	Exit	Neenah Paper Inc.	$0	–	-7,319	–	-0.11%	–
CATY	Exit	Cathay General Banc	$0	–	-12,924	–	-0.11%	–
BKU	Exit	BankUnited Inc	$0	–	-13,188	–	-0.12%	–
TCF	Exit	TCF Financial Corp.	$0	–	-12,471	–	-0.12%	–
EFSC	Exit	Enterprise Finc'l S	$0	–	-10,884	–	-0.12%	–
APLE	Exit	Apple Hospitality R	$0	–	-32,313	–	-0.12%	–
OHI	Exit	Omega Healthcare In	$0	–	-10,508	–	-0.13%	–
JLL	Exit	Jones Lang LaSalle	$0	–	-3,572	–	-0.14%	–
RL	Exit	Polo Ralph Lauren C	$0	–	-5,093	–	-0.14%	–
HAIN	Exit	Hain Celestial Grou	$0	–	-10,195	–	-0.14%	–
SIGI	Exit	Selective Insurance	$0	–	-7,125	–	-0.15%	–
LXP	Exit	Lexington Realty Tr	$0	–	-35,569	–	-0.15%	–
ALE	Exit	Allete Inc.	$0	–	-7,278	–	-0.15%	–
PCRX	Exit	Pacira Biosciences,	$0	–	-6,290	–	-0.15%	–
NHI	Exit	National Health Inv	$0	–	-6,392	–	-0.16%	–
PDM	Exit	Piedmont Office Rea	$0	–	-28,429	–	-0.16%	–
GPN	Exit	Global Payments Inc	$0	–	-2,205	–	-0.16%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-21,889	–	-0.16%	–
HCI	Exit	HCI Group Inc	$0	–	-8,259	–	-0.16%	–
STAG	Exit	STAG Industrial, In	$0	–	-13,504	–	-0.16%	–
TXT	Exit	Textron Inc.	$0	–	-11,703	–	-0.17%	–
IDA	Exit	IDACORP Inc.	$0	–	-5,269	–	-0.17%	–
AVA	Exit	Avista Corp.	$0	–	-12,774	–	-0.18%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-299	–	-0.18%	–
PFE	Exit	Pfizer Inc.	$0	–	-12,000	–	-0.18%	–
MRK	Exit	Merck & Co Inc	$0	–	-5,400	–	-0.18%	–
CHE	Exit	Chemed Corp.	$0	–	-947	–	-0.18%	–
AGM	Exit	Federal Agricultura	$0	–	-7,221	–	-0.18%	–
IOSP	Exit	Innospec Inc	$0	–	-7,400	–	-0.19%	–
INT	Exit	World Fuel Services	$0	–	-22,200	–	-0.19%	–
CERN	Exit	Cerner Corp.	$0	–	-6,588	–	-0.19%	–
TER	Exit	Teradyne Inc.	$0	–	-5,990	–	-0.19%	–
ZBRA	Exit	Zebra Technologies	$0	–	-1,914	–	-0.19%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-15,944	–	-0.20%	–
	Exit	IHS Markit Ltd.	$0	–	-6,210	–	-0.20%	–
HOMB	Exit	Home BancShares Inc	$0	–	-32,214	–	-0.20%	–
SPB	Exit	Spectrum Brands Hol	$0	–	-8,565	–	-0.20%	–
THRM	Exit	Gentherm Incorporat	$0	–	-12,042	–	-0.20%	–
KNX	Exit	Knight Transportati	$0	–	-12,503	–	-0.20%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-8,878	–	-0.20%	–
ANET	Exit	Arista Networks, In	$0	–	-2,519	–	-0.21%	–
DLB	Exit	Dolby Laboratories	$0	–	-7,876	–	-0.21%	–
OCFC	Exit	OceanFirst Financia	$0	–	-38,384	–	-0.21%	–
AMN	Exit	AMN Healthcare Serv	$0	–	-9,103	–	-0.21%	–
MMS	Exit	Maximus Inc.	$0	–	-7,857	–	-0.22%	–
ACN	Exit	Accenture Plc	$0	–	-2,400	–	-0.22%	–
EVR	Exit	Evercore Partners I	$0	–	-8,382	–	-0.22%	–
LAD	Exit	Lithia Motors Inc.	$0	–	-2,431	–	-0.22%	–
VMW	Exit	VMware Inc.	$0	–	-3,861	–	-0.22%	–
NSIT	Exit	Insight Enterprises	$0	–	-9,921	–	-0.22%	–
LSI	Exit	Life Storage	$0	–	-5,327	–	-0.22%	–
J	Exit	Jacobs Engineering	$0	–	-6,050	–	-0.22%	–
ASGN	Exit	ASGN Inc.	$0	–	-8,875	–	-0.23%	–
TGNA	Exit	Tegna, Inc.	$0	–	-48,539	–	-0.23%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-6,077	–	-0.23%	–
MSFT	Exit	Microsoft Corp.	$0	–	-2,738	–	-0.23%	–
PNW	Exit	Pinnacle West Capit	$0	–	-7,863	–	-0.24%	–
LHX	Exit	L3Harris Technologi	$0	–	-3,495	–	-0.24%	–
CIEN	Exit	Ciena Corp.	$0	–	-15,023	–	-0.24%	–
ALG	Exit	Alamo Group Inc.	$0	–	-5,506	–	-0.24%	–
FHN	Exit	First Horizon Natio	$0	–	-63,431	–	-0.24%	–
STX	Exit	Seagate Technology	$0	–	-12,220	–	-0.24%	–
BAH	Exit	Booz Allen & Hamilt	$0	–	-7,287	–	-0.24%	–
EBAY	Exit	eBay Inc.	$0	–	-11,682	–	-0.24%	–
SLM	Exit	SLM Corp.	$0	–	-76,571	–	-0.25%	–
MGRC	Exit	McGrath RentCorp	$0	–	-10,560	–	-0.25%	–
LHCG	Exit	LHC Group	$0	–	-3,019	–	-0.26%	–
IIVI	Exit	II-VI Inc.	$0	–	-16,334	–	-0.27%	–
ENS	Exit	EnerSys Inc.	$0	–	-10,086	–	-0.27%	–
BX	Exit	The Blackstone Grou	$0	–	-13,065	–	-0.27%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-10,122	–	-0.27%	–
CRL	Exit	Charles River Labor	$0	–	-3,084	–	-0.28%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-3,796	–	-0.30%	–
AAN	Exit	Aaron's Holdings Co	$0	–	-13,049	–	-0.30%	–
CI	Exit	CIGNA Corp.	$0	–	-5,434	–	-0.37%	–
NEE	Exit	NextEra Energy Inc	$0	–	-3,381	–	-0.38%	–
LRCX	Exit	Lam Research Corp.	$0	–	-2,997	–	-0.40%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,064	–	-0.47%	–
DIS	Exit	Walt Disney Co.	$0	–	-10,332	–	-0.52%	–
PEP	Exit	PepsiCo Inc.	$0	–	-10,429	–	-0.58%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-1,073	–	-0.63%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-14,814	–	-0.70%	–
V	Exit	Visa Inc.	$0	–	-8,805	–	-0.71%	–
HSIC	Exit	Henry Schein Inc.	$0	–	-32,178	–	-0.76%	–
AAPL	Exit	Apple Inc.	$0	–	-18,194	–	-0.85%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-34,535	–	-0.88%	–
IWF	Exit	ISHARES TR RUSSELL	$0	–	-10,975	–	-0.96%	–
COG	Exit	Cabot Oil & Gas Cor	$0	–	-141,807	–	-0.99%	–
LOW	Exit	Lowe's Cos.	$0	–	-15,250	–	-1.02%	–
COP	Exit	ConocoPhillips	$0	–	-77,279	–	-1.02%	–
MPC	Exit	Marathon Petroleum	$0	–	-96,419	–	-1.14%	–
MCD	Exit	McDonald's Corp.	$0	–	-13,068	–	-1.15%	–
NUE	Exit	Nucor Corp.	$0	–	-64,095	–	-1.15%	–
CVX	Exit	Chevron Corp.	$0	–	-42,679	–	-1.23%	–
C	Exit	Citigroup Inc.	$0	–	-72,364	–	-1.25%	–
IFF	Exit	International Flavo	$0	–	-26,439	–	-1.30%	–
CFG	Exit	Citizens Financial	$0	–	-128,482	–	-1.30%	–
SPG	Exit	Simon Property Grou	$0	–	-50,852	–	-1.32%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-56,720	–	-1.33%	–
MCK	Exit	McKesson Corp.	$0	–	-22,300	–	-1.33%	–
COF	Exit	Capital One Financi	$0	–	-46,924	–	-1.35%	–
ADP	Exit	Automatic Data Proc	$0	–	-24,349	–	-1.36%	–
DOX	Exit	Amdocs Ltd.	$0	–	-59,227	–	-1.36%	–
LEA	Exit	Lear Corp.	$0	–	-31,324	–	-1.37%	–
INTC	Exit	Intel Corp.	$0	–	-67,056	–	-1.39%	–
D	Exit	Dominion Resources	$0	–	-44,312	–	-1.40%	–
RPM	Exit	RPM International I	$0	–	-42,585	–	-1.42%	–
UHS	Exit	Universal Health Se	$0	–	-33,046	–	-1.42%	–
GD	Exit	General Dynamics Co	$0	–	-25,983	–	-1.44%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-91,287	–	-1.44%	–
BSX	Exit	Boston Scientific C	$0	–	-96,010	–	-1.47%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-32,161	–	-1.49%	–
ETR	Exit	Entergy Corp.	$0	–	-37,882	–	-1.50%	–
HD	Exit	Home Depot Inc.	$0	–	-13,623	–	-1.52%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-25,680	–	-1.52%	–
DFS	Exit	Discover Financial	$0	–	-65,638	–	-1.52%	–
UNH	Exit	UnitedHealth Group	$0	–	-12,319	–	-1.54%	–
WELL	Exit	Welltower Inc	$0	–	-70,747	–	-1.56%	–
DISCA	Exit	Discovery Commun In	$0	–	-180,265	–	-1.58%	–
HSY	Exit	Hershey Co.	$0	–	-27,428	–	-1.58%	–
ABBV	Exit	Abbvie Inc	$0	–	-45,469	–	-1.60%	–
ED	Exit	Consolidated Edison	$0	–	-51,811	–	-1.62%	–
VIAC	Exit	VIACOM CL B	$0	–	-144,538	–	-1.63%	–
STT	Exit	State Street Corp.	$0	–	-68,302	–	-1.63%	–
CSL	Exit	Carlisle Cos.	$0	–	-33,436	–	-1.64%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-41,150	–	-1.69%	–
DOV	Exit	Dover Corp.	$0	–	-38,789	–	-1.69%	–
GPC	Exit	Genuine Parts Co.	$0	–	-44,490	–	-1.70%	–
SNA	Exit	Snap-On Inc.	$0	–	-28,899	–	-1.71%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-93,134	–	-1.73%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-71,881	–	-1.74%	–
ALL	Exit	The Allstate Corp.	$0	–	-46,381	–	-1.75%	–
IBM	Exit	International Busin	$0	–	-37,174	–	-1.82%	–
VZ	Exit	Verizon Communicati	$0	–	-80,319	–	-1.92%	–
STZ	Exit	Constellation Brand	$0	–	-25,666	–	-1.95%	–
MET	Exit	MetLife Inc.	$0	–	-131,993	–	-1.97%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-54,333	–	-2.10%	–
JNJ	Exit	Johnson & Johnson	$0	–	-35,446	–	-2.12%	–

Q3 2020

			Value		Shares		↓ Weighting
JNJ	Sell	Johnson & Johnson	$5,277,000	-22.6%	35,446	-26.9%	2.12%	-3.6%
JPM	Sell	JPMorgan Chase & Co	$5,231,000	-21.6%	54,333	-23.4%	2.10%	-2.4%
MET	Sell	MetLife Inc.	$4,906,000	-26.9%	131,993	-28.1%	1.97%	-8.9%
STZ	Sell	Constellation Brand	$4,864,000	-31.8%	25,666	-37.0%	1.95%	-15.0%
VZ	Buy	Verizon Communicati	$4,778,000	+550.1%	80,319	+502.7%	1.92%	+709.3%
IBM	Sell	International Busin	$4,523,000	-27.0%	37,174	-27.6%	1.82%	-9.1%
ALL	Sell	The Allstate Corp.	$4,366,000	-29.3%	46,381	-27.1%	1.75%	-11.9%
BMY	Sell	Bristol-Myers Squib	$4,334,000	-25.0%	71,881	-26.8%	1.74%	-6.6%
CMCSA	Sell	Comcast Corp. (Cl A	$4,308,000	-29.4%	93,134	-40.5%	1.73%	-12.1%
SNA	Sell	Snap-On Inc.	$4,252,000	-26.0%	28,899	-30.3%	1.71%	-7.8%
GPC	Sell	Genuine Parts Co.	$4,234,000	-24.6%	44,490	-31.1%	1.70%	-6.1%
DOV	Sell	Dover Corp.	$4,202,000	-21.3%	38,789	-29.8%	1.69%	-2.0%
ETN	Sell	Eaton Corp. PLC	$4,199,000	-23.3%	41,150	-34.2%	1.69%	-4.4%
CSL	Sell	Carlisle Cos.	$4,092,000	-24.1%	33,436	-25.8%	1.64%	-5.5%
STT	Sell	State Street Corp.	$4,052,000	-32.0%	68,302	-27.2%	1.63%	-15.3%
VIAC	Sell	VIACOM CL B	$4,049,000	-27.6%	144,538	-39.7%	1.63%	-9.8%
ED	Sell	Consolidated Edison	$4,031,000	-24.6%	51,811	-30.3%	1.62%	-6.1%
ABBV	Sell	Abbvie Inc	$3,983,000	-39.5%	45,469	-32.2%	1.60%	-24.7%
HSY	Sell	Hershey Co.	$3,932,000	-0.2%	27,428	-9.8%	1.58%	+24.3%
DISCA	Sell	Discovery Commun In	$3,924,000	-24.4%	180,265	-26.7%	1.58%	-5.9%
WELL	Sell	Welltower Inc	$3,897,000	-19.5%	70,747	-24.4%	1.56%	+0.3%
UNH	Sell	UnitedHealth Group	$3,841,000	-34.2%	12,319	-37.7%	1.54%	-18.0%
DFS	Sell	Discover Financial	$3,793,000	-19.5%	65,638	-30.3%	1.52%	+0.2%
KMB	Sell	Kimberly-Clark Corp	$3,792,000	-32.1%	25,680	-35.0%	1.52%	-15.4%
HD	Sell	Home Depot Inc.	$3,783,000	-29.0%	13,623	-35.9%	1.52%	-11.5%
ETR	Sell	Entergy Corp.	$3,733,000	-26.9%	37,882	-30.5%	1.50%	-9.0%
SJM	Sell	J.M. Smucker Co.	$3,715,000	-35.2%	32,161	-40.6%	1.49%	-19.3%
BSX	Sell	Boston Scientific C	$3,669,000	-34.6%	96,010	-39.9%	1.47%	-18.6%
CSCO	Sell	Cisco Systems Inc.	$3,596,000	-37.4%	91,287	-25.9%	1.44%	-22.1%
GD	Sell	General Dynamics Co	$3,597,000	-31.5%	25,983	-26.0%	1.44%	-14.7%
UHS	Sell	Universal Health Se	$3,537,000	-27.2%	33,046	-36.8%	1.42%	-9.3%
RPM	Sell	RPM International I	$3,528,000	-35.0%	42,585	-41.1%	1.42%	-19.0%
D	Sell	Dominion Resources	$3,498,000	-33.1%	44,312	-31.2%	1.40%	-16.7%
INTC	Sell	Intel Corp.	$3,472,000	-32.3%	67,056	-21.8%	1.39%	-15.7%
LEA	Sell	Lear Corp.	$3,416,000	-35.7%	31,324	-35.8%	1.37%	-20.0%
DOX	Sell	Amdocs Ltd.	$3,400,000	-24.3%	59,227	-19.7%	1.36%	-5.7%
ADP	Sell	Automatic Data Proc	$3,396,000	-35.6%	24,349	-31.2%	1.36%	-19.8%
COF	Sell	Capital One Financi	$3,372,000	-20.4%	46,924	-30.6%	1.35%	-0.8%
MCK	Sell	McKesson Corp.	$3,321,000	-36.8%	22,300	-34.9%	1.33%	-21.3%
CVS	Sell	CVS Caremark Corp.	$3,312,000	-43.3%	56,720	-36.9%	1.33%	-29.3%
SPG	Sell	Simon Property Grou	$3,289,000	-22.1%	50,852	-17.6%	1.32%	-2.9%
CFG	Sell	Citizens Financial	$3,248,000	-30.7%	128,482	-30.8%	1.30%	-13.7%
IFF	Sell	International Flavo	$3,237,000	-31.3%	26,439	-31.3%	1.30%	-14.4%
C	Sell	Citigroup Inc.	$3,120,000	-38.4%	72,364	-27.0%	1.25%	-23.3%
CVX	Sell	Chevron Corp.	$3,073,000	-43.5%	42,679	-29.9%	1.23%	-29.6%
NUE	Sell	Nucor Corp.	$2,875,000	-24.4%	64,095	-30.2%	1.15%	-5.9%
MCD	Sell	McDonald's Corp.	$2,868,000	+18.9%	13,068	-0.0%	1.15%	+47.9%
MPC	Sell	Marathon Petroleum	$2,829,000	-46.2%	96,419	-31.4%	1.14%	-32.9%
COP	Sell	ConocoPhillips	$2,538,000	-49.0%	77,279	-34.8%	1.02%	-36.5%
LOW	Sell	Lowe's Cos.	$2,529,000	+21.2%	15,250	-1.3%	1.02%	+50.8%
COG	Sell	Cabot Oil & Gas Cor	$2,462,000	-34.8%	141,807	-35.5%	0.99%	-18.9%
IWF	New	ISHARES TR RUSSELL	$2,380,000	–	10,975	–	0.96%	–
AAPL	Buy	Apple Inc.	$2,107,000	+6.1%	18,194	+234.1%	0.85%	+32.2%
HSIC	Sell	Henry Schein Inc.	$1,891,000	-42.1%	32,178	-42.5%	0.76%	-27.9%
QCOM	Buy	QUALCOMM Inc.	$1,743,000	+80.8%	14,814	+40.1%	0.70%	+125.1%
GOOG	Buy	Alphabet Inc. (Cl C	$1,577,000	+64.3%	1,073	+58.0%	0.63%	+104.9%
DIS	Buy	Walt Disney Co.	$1,282,000	+60.5%	10,332	+44.2%	0.52%	+99.6%
BLK	Sell	Blackrock Inc.	$1,163,000	+3.4%	2,064	-0.1%	0.47%	+28.7%
LRCX	Sell	Lam Research Corp.	$994,000	-1.0%	2,997	-3.5%	0.40%	+23.1%
CI	Buy	CIGNA Corp.	$921,000	+91.5%	5,434	+112.2%	0.37%	+138.7%
AAN	New	Aaron's Holdings Co	$739,000	–	13,049	–	0.30%	–
HELE	Sell	Helen of Troy Corp.	$735,000	-4.3%	3,796	-6.8%	0.30%	+19.0%
CRL	New	Charles River Labor	$698,000	–	3,084	–	0.28%	–
BX	Buy	The Blackstone Grou	$682,000	-7.3%	13,065	+0.6%	0.27%	+15.6%
CRUS	Sell	Cirrus Logic Inc.	$683,000	+8.1%	10,122	-1.1%	0.27%	+34.3%
ENS	Sell	EnerSys Inc.	$677,000	+1.0%	10,086	-3.1%	0.27%	+25.9%
IIVI	Buy	II-VI Inc.	$663,000	+6.9%	16,334	+24.4%	0.27%	+33.0%
LHCG	Sell	LHC Group	$642,000	+8.1%	3,019	-11.3%	0.26%	+35.1%
MGRC	Buy	McGrath RentCorp	$629,000	+104.9%	10,560	+85.7%	0.25%	+155.6%
SLM	Buy	SLM Corp.	$619,000	+29.2%	76,571	+12.4%	0.25%	+61.7%
EBAY	New	eBay Inc.	$609,000	–	11,682	–	0.24%	–
BAH	New	Booz Allen & Hamilt	$605,000	–	7,287	–	0.24%	–
STX	Buy	Seagate Technology	$602,000	+3.8%	12,220	+1.9%	0.24%	+29.4%
FHN	New	First Horizon Natio	$598,000	–	63,431	–	0.24%	–
CIEN	New	Ciena Corp.	$596,000	–	15,023	–	0.24%	–
ALG	Sell	Alamo Group Inc.	$595,000	+4.0%	5,506	-1.2%	0.24%	+29.9%
LHX	New	L3Harris Technologi	$594,000	–	3,495	–	0.24%	–
PNW	Buy	Pinnacle West Capit	$586,000	+2.3%	7,863	+0.6%	0.24%	+27.0%
MSFT	New	Microsoft Corp.	$576,000	–	2,738	–	0.23%	–
RBC	Sell	Regal-Beloit Corp.	$570,000	-10.2%	6,077	-16.4%	0.23%	+11.7%
TGNA	Buy	Tegna, Inc.	$570,000	+15.6%	48,539	+9.7%	0.23%	+44.0%
ASGN	Sell	ASGN Inc.	$564,000	-5.8%	8,875	-1.2%	0.23%	+17.1%
LSI	Buy	Life Storage	$561,000	+17.1%	5,327	+5.6%	0.22%	+46.1%
J	Buy	Jacobs Engineering	$561,000	+13.1%	6,050	+3.4%	0.22%	+40.6%
NSIT	Sell	Insight Enterprises	$561,000	+13.6%	9,921	-1.2%	0.22%	+41.5%
VMW	New	VMware Inc.	$555,000	–	3,861	–	0.22%	–
LAD	Sell	Lithia Motors Inc.	$554,000	-20.7%	2,431	-47.4%	0.22%	-1.3%
EVR	Sell	Evercore Partners I	$549,000	+9.8%	8,382	-1.2%	0.22%	+36.6%
MMS	Sell	Maximus Inc.	$537,000	-3.8%	7,857	-0.7%	0.22%	+20.0%
AMN	Sell	AMN Healthcare Serv	$532,000	+9.5%	9,103	-15.3%	0.21%	+36.3%
OCFC	Buy	OceanFirst Financia	$525,000	+53.5%	38,384	+98.0%	0.21%	+91.8%
DLB	New	Dolby Laboratories	$522,000	–	7,876	–	0.21%	–
ANET	New	Arista Networks, In	$521,000	–	2,519	–	0.21%	–
ENSG	Sell	Ensign Group Inc.	$507,000	+0.8%	8,878	-26.1%	0.20%	+25.9%
KNX	Sell	Knight Transportati	$509,000	-15.2%	12,503	-13.2%	0.20%	+5.7%
THRM	Sell	Gentherm Incorporat	$493,000	+4.0%	12,042	-1.2%	0.20%	+29.4%
SPB	Sell	Spectrum Brands Hol	$490,000	+23.1%	8,565	-1.2%	0.20%	+53.9%
HOMB	Sell	Home BancShares Inc	$488,000	-2.8%	32,214	-1.2%	0.20%	+21.0%
	New	IHS Markit Ltd.	$488,000	–	6,210	–	0.20%	–
SWM	Sell	Schweitzer-Mauduit	$485,000	-10.0%	15,944	-1.2%	0.20%	+12.1%
TER	Buy	Teradyne Inc.	$476,000	-5.9%	5,990	+0.1%	0.19%	+17.2%
CERN	New	Cerner Corp.	$476,000	–	6,588	–	0.19%	–
INT	Buy	World Fuel Services	$470,000	-7.7%	22,200	+12.4%	0.19%	+15.2%
IOSP	Buy	Innospec Inc	$469,000	-7.5%	7,400	+12.8%	0.19%	+15.3%
AGM	Sell	Federal Agricultura	$460,000	-1.7%	7,221	-1.2%	0.18%	+22.5%
CHE	New	Chemed Corp.	$455,000	–	947	–	0.18%	–
GOOGL	Sell	Alphabet Inc. (Cl A	$438,000	+3.1%	299	-0.3%	0.18%	+28.5%
AVA	Buy	Avista Corp.	$436,000	+20.4%	12,774	+28.2%	0.18%	+49.6%
IDA	Sell	IDACORP Inc.	$421,000	-9.7%	5,269	-1.2%	0.17%	+12.7%
TXT	New	Textron Inc.	$422,000	–	11,703	–	0.17%	–
STAG	Sell	STAG Industrial, In	$412,000	+2.7%	13,504	-1.2%	0.16%	+27.9%
HCI	Sell	HCI Group Inc	$407,000	+5.4%	8,259	-1.2%	0.16%	+31.5%
CTRE	Sell	CareTrust REIT, Inc	$390,000	+2.6%	21,889	-1.2%	0.16%	+28.7%
GPN	New	Global Payments Inc	$392,000	–	2,205	–	0.16%	–
PDM	Sell	Piedmont Office Rea	$386,000	-19.1%	28,429	-1.0%	0.16%	+0.6%
NHI	Sell	National Health Inv	$385,000	-2.0%	6,392	-1.2%	0.16%	+22.0%
PCRX	New	Pacira Biosciences,	$378,000	–	6,290	–	0.15%	–
ALE	Buy	Allete Inc.	$377,000	+29.1%	7,278	+36.0%	0.15%	+60.6%
LXP	Sell	Lexington Realty Tr	$372,000	-2.1%	35,569	-1.2%	0.15%	+22.1%
SIGI	Sell	Selective Insurance	$367,000	-3.4%	7,125	-1.2%	0.15%	+20.5%
HAIN	Sell	Hain Celestial Grou	$350,000	+7.7%	10,195	-1.2%	0.14%	+34.3%
RL	New	Polo Ralph Lauren C	$346,000	–	5,093	–	0.14%	–
JLL	Sell	Jones Lang LaSalle	$342,000	-8.6%	3,572	-1.1%	0.14%	+13.2%
OHI	Sell	Omega Healthcare In	$315,000	0.0%	10,508	-1.0%	0.13%	+23.5%
APLE	Sell	Apple Hospitality R	$311,000	-1.3%	32,313	-1.1%	0.12%	+22.5%
EFSC	Sell	Enterprise Finc'l S	$297,000	-13.4%	10,884	-1.2%	0.12%	+7.2%
TCF	Sell	TCF Financial Corp.	$291,000	-21.6%	12,471	-1.2%	0.12%	-2.5%
BKU	Sell	BankUnited Inc	$289,000	+7.0%	13,188	-1.2%	0.12%	+33.3%
CATY	Sell	Cathay General Banc	$280,000	-18.6%	12,924	-1.2%	0.11%	+0.9%
NP	Sell	Neenah Paper Inc.	$274,000	-25.1%	7,319	-1.2%	0.11%	-6.8%
HTLF	Sell	Heartland Financial	$257,000	-11.4%	8,572	-1.2%	0.10%	+10.8%
DLX	Sell	Deluxe Corp.	$248,000	+8.3%	9,629	-1.2%	0.10%	+35.1%
FNB	Sell	F.N.B. Corp.	$238,000	-10.5%	35,036	-1.2%	0.10%	+11.6%
DRQ	Exit	Dril-Quip Inc.	$0	–	-7,857	–	-0.08%	–
IBKC	Exit	IBERIABANK Corp.	$0	–	-9,834	–	-0.14%	–
LFUS	Exit	Littelfuse Inc.	$0	–	-2,921	–	-0.16%	–
AAN	Exit	Aaron's Inc.	$0	–	-15,999	–	-0.23%	–
RTX	Exit	Raytheon Technologi	$0	–	-11,791	–	-0.23%	–

Q2 2020

			Value		Shares		↓ Weighting
STZ	New	Constellation Brand	$7,127,000	–	40,740	–	2.30%	–
JNJ	New	Johnson & Johnson	$6,816,000	–	48,465	–	2.20%	–
MET	New	MetLife Inc.	$6,708,000	–	183,690	–	2.16%	–
JPM	New	JPMorgan Chase & Co	$6,672,000	–	70,935	–	2.15%	–
ABBV	New	Abbvie Inc	$6,586,000	–	67,082	–	2.12%	–
IBM	New	International Busin	$6,199,000	–	51,327	–	2.00%	–
ALL	New	The Allstate Corp.	$6,173,000	–	63,642	–	1.99%	–
CMCSA	New	Comcast Corp. (Cl A	$6,106,000	–	156,653	–	1.97%	–
STT	New	State Street Corp.	$5,959,000	–	93,771	–	1.92%	–
CVS	New	CVS Caremark Corp.	$5,838,000	–	89,859	–	1.88%	–
UNH	New	UnitedHealth Group	$5,834,000	–	19,780	–	1.88%	–
BMY	New	Bristol-Myers Squib	$5,776,000	–	98,234	–	1.86%	–
CSCO	New	Cisco Systems Inc.	$5,748,000	–	123,235	–	1.85%	–
SNA	New	Snap-On Inc.	$5,743,000	–	41,463	–	1.85%	–
SJM	New	J.M. Smucker Co.	$5,733,000	–	54,180	–	1.85%	–
GPC	New	Genuine Parts Co.	$5,618,000	–	64,600	–	1.81%	–
BSX	New	Boston Scientific C	$5,613,000	–	159,874	–	1.81%	–
VIAC	New	VIACOM CL B	$5,591,000	–	239,763	–	1.80%	–
KMB	New	Kimberly-Clark Corp	$5,581,000	–	39,484	–	1.80%	–
ETN	New	Eaton Corp. PLC	$5,473,000	–	62,559	–	1.76%	–
CVX	New	Chevron Corp.	$5,435,000	–	60,910	–	1.75%	–
RPM	New	RPM International I	$5,425,000	–	72,281	–	1.75%	–
CSL	New	Carlisle Cos.	$5,394,000	–	45,075	–	1.74%	–
ED	New	Consolidated Edison	$5,348,000	–	74,357	–	1.72%	–
DOV	New	Dover Corp.	$5,339,000	–	55,289	–	1.72%	–
HD	New	Home Depot Inc.	$5,328,000	–	21,268	–	1.72%	–
LEA	New	Lear Corp.	$5,316,000	–	48,764	–	1.71%	–
ADP	New	Automatic Data Proc	$5,272,000	–	35,409	–	1.70%	–
MPC	New	Marathon Petroleum	$5,255,000	–	140,570	–	1.69%	–
MCK	New	McKesson Corp.	$5,252,000	–	34,230	–	1.69%	–
GD	New	General Dynamics Co	$5,250,000	–	35,126	–	1.69%	–
D	New	Dominion Resources	$5,228,000	–	64,399	–	1.68%	–
DISCA	New	Discovery Commun In	$5,190,000	–	245,984	–	1.67%	–
INTC	New	Intel Corp.	$5,132,000	–	85,782	–	1.65%	–
ETR	New	Entergy Corp.	$5,110,000	–	54,477	–	1.65%	–
C	New	Citigroup Inc.	$5,065,000	–	99,111	–	1.63%	–
COP	New	ConocoPhillips	$4,977,000	–	118,450	–	1.60%	–
UHS	New	Universal Health Se	$4,857,000	–	52,289	–	1.57%	–
WELL	New	Welltower Inc	$4,844,000	–	93,601	–	1.56%	–
DFS	New	Discover Financial	$4,714,000	–	94,118	–	1.52%	–
IFF	New	International Flavo	$4,711,000	–	38,469	–	1.52%	–
CFG	New	Citizens Financial	$4,688,000	–	185,742	–	1.51%	–
DOX	New	Amdocs Ltd.	$4,490,000	–	73,755	–	1.45%	–
COF	New	Capital One Financi	$4,234,000	–	67,644	–	1.36%	–
SPG	New	Simon Property Grou	$4,220,000	–	61,720	–	1.36%	–
HSY	New	Hershey Co.	$3,941,000	–	30,407	–	1.27%	–
NUE	New	Nucor Corp.	$3,804,000	–	91,865	–	1.23%	–
COG	New	Cabot Oil & Gas Cor	$3,777,000	–	219,870	–	1.22%	–
HSIC	New	Henry Schein Inc.	$3,266,000	–	55,926	–	1.05%	–
MCD	New	McDonald's Corp.	$2,412,000	–	13,073	–	0.78%	–
EFA	New	I SHARES TR MSCI EA	$2,102,000	–	34,535	–	0.68%	–
LOW	New	Lowe's Cos.	$2,087,000	–	15,447	–	0.67%	–
AAPL	New	Apple Inc.	$1,986,000	–	5,445	–	0.64%	–
V	New	Visa Inc.	$1,701,000	–	8,805	–	0.55%	–
PEP	New	PepsiCo Inc.	$1,379,000	–	10,429	–	0.44%	–
BLK	New	Blackrock Inc.	$1,125,000	–	2,067	–	0.36%	–
LRCX	New	Lam Research Corp.	$1,004,000	–	3,105	–	0.32%	–
QCOM	New	QUALCOMM Inc.	$964,000	–	10,574	–	0.31%	–
GOOG	New	Alphabet Inc. (Cl C	$960,000	–	679	–	0.31%	–
NEE	New	NextEra Energy Inc	$812,000	–	3,381	–	0.26%	–
DIS	New	Walt Disney Co.	$799,000	–	7,165	–	0.26%	–
HELE	New	Helen of Troy Corp.	$768,000	–	4,075	–	0.25%	–
BX	New	The Blackstone Grou	$736,000	–	12,985	–	0.24%	–
VZ	New	Verizon Communicati	$735,000	–	13,327	–	0.24%	–
AAN	New	Aaron's Inc.	$726,000	–	15,999	–	0.23%	–
RTX	New	Raytheon Technologi	$727,000	–	11,791	–	0.23%	–
LAD	New	Lithia Motors Inc.	$699,000	–	4,619	–	0.22%	–
ENS	New	EnerSys Inc.	$670,000	–	10,414	–	0.22%	–
RBC	New	Regal-Beloit Corp.	$635,000	–	7,269	–	0.20%	–
CRUS	New	Cirrus Logic Inc.	$632,000	–	10,232	–	0.20%	–
IIVI	New	II-VI Inc.	$620,000	–	13,135	–	0.20%	–
KNX	New	Knight Transportati	$600,000	–	14,397	–	0.19%	–
ASGN	New	ASGN Inc.	$599,000	–	8,983	–	0.19%	–
LHCG	New	LHC Group	$594,000	–	3,405	–	0.19%	–
STX	New	Seagate Technology	$580,000	–	11,990	–	0.19%	–
PNW	New	Pinnacle West Capit	$573,000	–	7,813	–	0.18%	–
ALG	New	Alamo Group Inc.	$572,000	–	5,573	–	0.18%	–
MMS	New	Maximus Inc.	$558,000	–	7,916	–	0.18%	–
SWM	New	Schweitzer-Mauduit	$539,000	–	16,138	–	0.17%	–
ACN	New	Accenture Plc	$515,000	–	2,400	–	0.17%	–
INT	New	World Fuel Services	$509,000	–	19,755	–	0.16%	–
TER	New	Teradyne Inc.	$506,000	–	5,985	–	0.16%	–
IOSP	New	Innospec Inc	$507,000	–	6,562	–	0.16%	–
ENSG	New	Ensign Group Inc.	$503,000	–	12,015	–	0.16%	–
HOMB	New	Home BancShares Inc	$502,000	–	32,612	–	0.16%	–
LFUS	New	Littelfuse Inc.	$498,000	–	2,921	–	0.16%	–
EVR	New	Evercore Partners I	$500,000	–	8,485	–	0.16%	–
J	New	Jacobs Engineering	$496,000	–	5,850	–	0.16%	–
TGNA	New	Tegna, Inc.	$493,000	–	44,266	–	0.16%	–
NSIT	New	Insight Enterprises	$494,000	–	10,042	–	0.16%	–
ZBRA	New	Zebra Technologies	$490,000	–	1,914	–	0.16%	–
AMN	New	AMN Healthcare Serv	$486,000	–	10,748	–	0.16%	–
CI	New	CIGNA Corp.	$481,000	–	2,561	–	0.16%	–
SLM	New	SLM Corp.	$479,000	–	68,118	–	0.15%	–
PDM	New	Piedmont Office Rea	$477,000	–	28,728	–	0.15%	–
LSI	New	Life Storage	$479,000	–	5,043	–	0.15%	–
THRM	New	Gentherm Incorporat	$474,000	–	12,188	–	0.15%	–
AGM	New	Federal Agricultura	$468,000	–	7,309	–	0.15%	–
IDA	New	IDACORP Inc.	$466,000	–	5,333	–	0.15%	–
IBKC	New	IBERIABANK Corp.	$448,000	–	9,834	–	0.14%	–
GOOGL	New	Alphabet Inc. (Cl A	$425,000	–	300	–	0.14%	–
MRK	New	Merck & Co Inc	$418,000	–	5,400	–	0.14%	–
STAG	New	STAG Industrial, In	$401,000	–	13,668	–	0.13%	–
SPB	New	Spectrum Brands Hol	$398,000	–	8,669	–	0.13%	–
NHI	New	National Health Inv	$393,000	–	6,470	–	0.13%	–
PFE	New	Pfizer Inc.	$392,000	–	12,000	–	0.13%	–
HCI	New	HCI Group Inc	$386,000	–	8,360	–	0.12%	–
LXP	New	Lexington Realty Tr	$380,000	–	36,000	–	0.12%	–
CTRE	New	CareTrust REIT, Inc	$380,000	–	22,156	–	0.12%	–
SIGI	New	Selective Insurance	$380,000	–	7,211	–	0.12%	–
JLL	New	Jones Lang LaSalle	$374,000	–	3,611	–	0.12%	–
TCF	New	TCF Financial Corp.	$371,000	–	12,622	–	0.12%	–
NP	New	Neenah Paper Inc.	$366,000	–	7,408	–	0.12%	–
AVA	New	Avista Corp.	$362,000	–	9,961	–	0.12%	–
EFSC	New	Enterprise Finc'l S	$343,000	–	11,016	–	0.11%	–
CATY	New	Cathay General Banc	$344,000	–	13,081	–	0.11%	–
OCFC	New	OceanFirst Financia	$342,000	–	19,385	–	0.11%	–
HAIN	New	Hain Celestial Grou	$325,000	–	10,318	–	0.10%	–
OHI	New	Omega Healthcare In	$315,000	–	10,609	–	0.10%	–
APLE	New	Apple Hospitality R	$315,000	–	32,659	–	0.10%	–
MGRC	New	McGrath RentCorp	$307,000	–	5,688	–	0.10%	–
ALE	New	Allete Inc.	$292,000	–	5,350	–	0.09%	–
HTLF	New	Heartland Financial	$290,000	–	8,676	–	0.09%	–
BKU	New	BankUnited Inc	$270,000	–	13,349	–	0.09%	–
FNB	New	F.N.B. Corp.	$266,000	–	35,462	–	0.09%	–
DRQ	New	Dril-Quip Inc.	$234,000	–	7,857	–	0.08%	–
DLX	New	Deluxe Corp.	$229,000	–	9,747	–	0.07%	–

Q4 2019

			Value		Shares		↓ Weighting
HAIN	Exit	Hain Celestial Grou	$0	–	-9,573	–	-0.06%	–
DLB	Exit	Dolby Laboratories	$0	–	-3,666	–	-0.07%	–
TGT	Exit	Target Corp.	$0	–	-2,220	–	-0.07%	–
LXP	Exit	Lexington Realty Tr	$0	–	-23,359	–	-0.07%	–
CELG	Exit	Celgene Corp.	$0	–	-2,403	–	-0.07%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-6,482	–	-0.07%	–
DK	Exit	Delek US Holdings I	$0	–	-8,711	–	-0.09%	–
DCOM	Exit	Dime Community Banc	$0	–	-15,019	–	-0.09%	–
HCI	Exit	HCI Group Inc	$0	–	-7,785	–	-0.09%	–
CAT	Exit	Caterpillar Inc.	$0	–	-2,603	–	-0.09%	–
WCC	Exit	Wesco International	$0	–	-7,179	–	-0.10%	–
ENS	Exit	EnerSys Inc.	$0	–	-5,326	–	-0.10%	–
HTLF	Exit	Heartland Financial	$0	–	-8,063	–	-0.10%	–
SYNA	Exit	Synaptics Inc.	$0	–	-8,992	–	-0.10%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-300	–	-0.10%	–
HOPE	Exit	Hope Bancorp Inc.	$0	–	-25,801	–	-0.10%	–
BRKL	Exit	Brookline Bancorp I	$0	–	-25,556	–	-0.11%	–
NP	Exit	Neenah Paper Inc.	$0	–	-5,820	–	-0.11%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-17,263	–	-0.11%	–
FNB	Exit	F.N.B. Corp.	$0	–	-33,026	–	-0.11%	–
URI	Exit	United Rentals Inc.	$0	–	-3,076	–	-0.11%	–
IIVI	Exit	II-VI Inc.	$0	–	-11,254	–	-0.11%	–
SCSC	Exit	ScanSource Inc.	$0	–	-12,980	–	-0.11%	–
BDC	Exit	Belden Inc.	$0	–	-7,680	–	-0.12%	–
MMS	Exit	Maximus Inc.	$0	–	-5,351	–	-0.12%	–
PFE	Exit	Pfizer Inc.	$0	–	-11,700	–	-0.12%	–
EFSC	Exit	Enterprise Finc'l S	$0	–	-10,324	–	-0.12%	–
CATY	Exit	Cathay General Banc	$0	–	-12,145	–	-0.12%	–
BKU	Exit	BankUnited Inc	$0	–	-12,463	–	-0.12%	–
WBA	Exit	Walgreen Boots Alli	$0	–	-7,644	–	-0.12%	–
SPB	Exit	Spectrum Brands Hol	$0	–	-8,120	–	-0.12%	–
IBKC	Exit	IBERIABANK Corp.	$0	–	-5,637	–	-0.12%	–
ALE	Exit	Allete Inc.	$0	–	-4,990	–	-0.12%	–
DLX	Exit	Deluxe Corp.	$0	–	-9,132	–	-0.13%	–
TCF	Exit	TCF Financial Corp.	$0	–	-11,794	–	-0.13%	–
MRK	Exit	Merck & Co Inc	$0	–	-5,400	–	-0.13%	–
UTX	Exit	United Technologies	$0	–	-3,400	–	-0.13%	–
THRM	Exit	Gentherm Incorporat	$0	–	-11,319	–	-0.13%	–
BKNG	Exit	Booking Holdings, I	$0	–	-241	–	-0.13%	–
JLL	Exit	Jones Lang LaSalle	$0	–	-3,435	–	-0.13%	–
LFUS	Exit	Littelfuse Inc.	$0	–	-2,726	–	-0.14%	–
	Exit	IHS Markit Ltd.	$0	–	-7,368	–	-0.14%	–
IOSP	Exit	Innospec Inc	$0	–	-5,568	–	-0.14%	–
LSI	Exit	Life Storage	$0	–	-4,744	–	-0.14%	–
NHI	Exit	National Health Inv	$0	–	-6,040	–	-0.14%	–
ACN	Exit	Accenture Plc	$0	–	-2,600	–	-0.14%	–
CRL	Exit	Charles River Labor	$0	–	-3,794	–	-0.14%	–
SIGI	Exit	Selective Insurance	$0	–	-6,734	–	-0.14%	–
CBRE	Exit	CBRE Group, Inc Cla	$0	–	-9,567	–	-0.14%	–
FDX	Exit	FedEx Corp.	$0	–	-3,501	–	-0.14%	–
NXPI	Exit	NXPI SEMICONDUCTORS	$0	–	-4,691	–	-0.14%	–
APLE	Exit	Apple Hospitality R	$0	–	-30,987	–	-0.14%	–
SLM	Exit	SLM Corp.	$0	–	-58,832	–	-0.15%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-7,184	–	-0.15%	–
ASGN	Exit	ASGN Inc.	$0	–	-8,414	–	-0.15%	–
OHI	Exit	Omega Healthcare In	$0	–	-12,733	–	-0.15%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-22,665	–	-0.15%	–
EVR	Exit	Evercore Partners I	$0	–	-6,662	–	-0.15%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-11,254	–	-0.15%	–
ZBRA	Exit	Zebra Technologies	$0	–	-2,613	–	-0.15%	–
ATRO	Exit	Astronics Corp.	$0	–	-18,527	–	-0.15%	–
STX	Exit	Seagate Technology	$0	–	-10,290	–	-0.16%	–
AGM	Exit	Federal Agricultura	$0	–	-6,842	–	-0.16%	–
AVA	Exit	Avista Corp.	$0	–	-11,591	–	-0.16%	–
KNX	Exit	Knight Transportati	$0	–	-15,522	–	-0.16%	–
AMN	Exit	AMN Healthcare Serv	$0	–	-9,990	–	-0.16%	–
EPR	Exit	Entertainment Prope	$0	–	-7,698	–	-0.17%	–
LAD	Exit	Lithia Motors Inc.	$0	–	-4,478	–	-0.17%	–
WHR	Exit	Whirlpool Corp.	$0	–	-3,738	–	-0.17%	–
TGNA	Exit	Tegna, Inc.	$0	–	-39,094	–	-0.17%	–
CIEN	Exit	Ciena Corp.	$0	–	-15,490	–	-0.17%	–
TXT	Exit	Textron Inc.	$0	–	-12,682	–	-0.17%	–
IDA	Exit	IDACORP Inc.	$0	–	-5,569	–	-0.18%	–
DRQ	Exit	Dril-Quip Inc.	$0	–	-12,687	–	-0.18%	–
PDM	Exit	Piedmont Office Rea	$0	–	-30,586	–	-0.18%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-11,981	–	-0.18%	–
HES	Exit	Hess Corp.	$0	–	-10,932	–	-0.19%	–
INT	Exit	World Fuel Services	$0	–	-16,813	–	-0.19%	–
AAN	Exit	Aaron's Inc.	$0	–	-10,883	–	-0.20%	–
BX	Exit	The Blackstone Grou	$0	–	-14,590	–	-0.20%	–
L100PS	Exit	Arconic, Inc.	$0	–	-27,533	–	-0.20%	–
HXL	Exit	Hexcel Corp.	$0	–	-9,400	–	-0.22%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-10,213	–	-0.22%	–
LRCX	Exit	Lam Research Corp.	$0	–	-3,440	–	-0.22%	–
VZ	Exit	Verizon Communicati	$0	–	-13,650	–	-0.23%	–
NEE	Exit	NextEra Energy Inc	$0	–	-3,550	–	-0.23%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-5,273	–	-0.23%	–
CI	Exit	CIGNA Corp.	$0	–	-6,052	–	-0.26%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,089	–	-0.26%	–
BA	Exit	Boeing Co.	$0	–	-2,553	–	-0.27%	–
PEP	Exit	PepsiCo Inc.	$0	–	-11,134	–	-0.43%	–
V	Exit	Visa Inc.	$0	–	-9,085	–	-0.44%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-1,361	–	-0.47%	–
LOW	Exit	Lowe's Cos.	$0	–	-16,176	–	-0.50%	–
MCD	Exit	McDonald's Corp.	$0	–	-13,651	–	-0.82%	–
BSX	Exit	Boston Scientific C	$0	–	-107,983	–	-1.23%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-367,662	–	-1.29%	–
OXY	Exit	Occidental Petroleu	$0	–	-103,973	–	-1.30%	–
LEA	Exit	Lear Corp.	$0	–	-39,364	–	-1.30%	–
RPM	Exit	RPM International I	$0	–	-74,108	–	-1.43%	–
MCK	Exit	McKesson Corp.	$0	–	-37,969	–	-1.46%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-47,383	–	-1.46%	–
CSL	Exit	Carlisle Cos.	$0	–	-35,916	–	-1.47%	–
NUE	Exit	Nucor Corp.	$0	–	-102,973	–	-1.47%	–
SNA	Exit	Snap-On Inc.	$0	–	-34,276	–	-1.51%	–
ADM	Exit	Archer Daniels Midl	$0	–	-131,832	–	-1.52%	–
IFF	Exit	International Flavo	$0	–	-44,406	–	-1.53%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-38,444	–	-1.53%	–
GS	Exit	Goldman Sachs Group	$0	–	-26,864	–	-1.56%	–
UNH	Exit	UnitedHealth Group	$0	–	-25,767	–	-1.57%	–
AVB	Exit	AvalonBay Communiti	$0	–	-26,376	–	-1.59%	–
CFG	Exit	Citizens Financial	$0	–	-163,870	–	-1.63%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-117,789	–	-1.63%	–
PEG	Exit	Public Service Ente	$0	–	-93,846	–	-1.64%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-70,898	–	-1.66%	–
INTC	Exit	Intel Corp.	$0	–	-114,881	–	-1.66%	–
ALL	Exit	Allstate Corp.	$0	–	-54,492	–	-1.66%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-117,660	–	-1.67%	–
COG	Exit	Cabot Oil & Gas Cor	$0	–	-338,318	–	-1.67%	–
STT	Exit	State Street Corp.	$0	–	-100,749	–	-1.67%	–
DOV	Exit	Dover Corp.	$0	–	-60,320	–	-1.69%	–
COP	Exit	ConocoPhillips	$0	–	-106,124	–	-1.70%	–
WELL	Exit	Welltower Inc	$0	–	-67,045	–	-1.71%	–
DISCA	Exit	Discovery Commun In	$0	–	-231,386	–	-1.73%	–
STZ	Exit	Constellation Brand	$0	–	-30,690	–	-1.79%	–
UHS	Exit	Universal Health Se	$0	–	-42,967	–	-1.79%	–
CNP	Exit	CenterPoint Energy	$0	–	-214,175	–	-1.81%	–
AAPL	Exit	Apple Inc.	$0	–	-29,101	–	-1.83%	–
COF	Exit	Capital One Financi	$0	–	-72,391	–	-1.85%	–
NWL	Exit	Newell Rubbermaid I	$0	–	-357,131	–	-1.88%	–
IBM	Exit	International Busin	$0	–	-47,250	–	-1.93%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-152,531	–	-1.93%	–
DIS	Exit	Walt Disney Co.	$0	–	-53,027	–	-1.94%	–
SPG	Exit	Simon Property Grou	$0	–	-44,828	–	-1.96%	–
ABBV	Exit	Abbvie Inc	$0	–	-93,690	–	-1.99%	–
RTN	Exit	Raytheon Co.	$0	–	-36,436	–	-2.01%	–
MET	Exit	MetLife Inc.	$0	–	-154,560	–	-2.05%	–
JNJ	Exit	Johnson & Johnson	$0	–	-56,353	–	-2.05%	–
C	Exit	Citigroup Inc.	$0	–	-105,665	–	-2.05%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-146,509	–	-2.08%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-117,868	–	-2.09%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-64,058	–	-2.12%	–
CVX	Exit	Chevron Corp.	$0	–	-63,897	–	-2.13%	–
MPC	Exit	Marathon Petroleum	$0	–	-133,485	–	-2.28%	–

Q3 2019

			Value		Shares		↓ Weighting
MPC	Buy	Marathon Petroleum	$8,109,000	+24.8%	133,485	+14.8%	2.28%	+20.6%
CVX	Sell	Chevron Corp.	$7,578,000	-5.4%	63,897	-0.7%	2.13%	-8.6%
JPM	Sell	JPMorgan Chase & Co	$7,539,000	+4.5%	64,058	-0.7%	2.12%	+1.0%
CVS	Sell	CVS Caremark Corp.	$7,434,000	+14.9%	117,868	-0.7%	2.09%	+11.0%
BMY	Sell	Bristol-Myers Squib	$7,429,000	+11.4%	146,509	-0.3%	2.08%	+7.6%
C	Sell	Citigroup Inc.	$7,299,000	-2.2%	105,665	-0.9%	2.05%	-5.6%
JNJ	Sell	Johnson & Johnson	$7,291,000	-7.2%	56,353	-0.1%	2.05%	-10.3%
MET	Sell	MetLife Inc.	$7,289,000	-15.1%	154,560	-10.6%	2.05%	-18.0%
RTN	Buy	Raytheon Co.	$7,148,000	+15.5%	36,436	+2.4%	2.01%	+11.6%
ABBV	Buy	Abbvie Inc	$7,094,000	+50.2%	93,690	+44.3%	1.99%	+45.1%
SPG	Buy	Simon Property Grou	$6,977,000	+23.2%	44,828	+26.5%	1.96%	+19.0%
DIS	Buy	Walt Disney Co.	$6,910,000	-2.4%	53,027	+4.6%	1.94%	-5.7%
CMCSA	Sell	Comcast Corp. (Cl A	$6,876,000	+5.9%	152,531	-0.7%	1.93%	+2.2%
IBM	Sell	International Busin	$6,871,000	-4.2%	47,250	-9.2%	1.93%	-7.5%
NWL	Sell	Newell Rubbermaid I	$6,685,000	+20.6%	357,131	-0.6%	1.88%	+16.4%
COF	Sell	Capital One Financi	$6,586,000	-6.7%	72,391	-7.0%	1.85%	-9.9%
AAPL	Sell	Apple Inc.	$6,518,000	-5.6%	29,101	-16.6%	1.83%	-8.8%
CNP	Buy	CenterPoint Energy	$6,464,000	+6.8%	214,175	+1.3%	1.81%	+3.2%
UHS	Sell	Universal Health Se	$6,391,000	+0.3%	42,967	-12.1%	1.79%	-3.2%
STZ	Sell	Constellation Brand	$6,361,000	+4.9%	30,690	-0.3%	1.79%	+1.4%
DISCA	Buy	Discovery Commun In	$6,162,000	-1.7%	231,386	+13.3%	1.73%	-5.0%
WELL	Sell	Welltower Inc	$6,078,000	-0.3%	67,045	-10.4%	1.71%	-3.7%
COP	Buy	ConocoPhillips	$6,047,000	+19.2%	106,124	+27.6%	1.70%	+15.1%
DOV	Sell	Dover Corp.	$6,005,000	-1.2%	60,320	-0.6%	1.69%	-4.6%
STT	Buy	State Street Corp.	$5,963,000	+19.2%	100,749	+12.9%	1.67%	+15.1%
COG	Buy	Cabot Oil & Gas Cor	$5,944,000	+53.8%	338,318	+101.0%	1.67%	+48.5%
WFC	New	Wells Fargo & Co.	$5,935,000	–	117,660	–	1.67%	–
ALL	Sell	Allstate Corp.	$5,922,000	-0.6%	54,492	-7.0%	1.66%	-4.0%
INTC	Sell	Intel Corp.	$5,920,000	+7.0%	114,881	-0.6%	1.66%	+3.3%
ETN	Buy	Eaton Corp. PLC	$5,895,000	+13.4%	70,898	+13.6%	1.66%	+9.5%
PEG	Sell	Public Service Ente	$5,826,000	+0.4%	93,846	-4.9%	1.64%	-3.1%
CSCO	Buy	Cisco Systems Inc.	$5,820,000	-6.3%	117,789	+3.8%	1.63%	-9.5%
CFG	Sell	Citizens Financial	$5,796,000	-9.9%	163,870	-9.9%	1.63%	-12.9%
AVB	Sell	AvalonBay Communiti	$5,680,000	+0.5%	26,376	-5.2%	1.59%	-3.0%
UNH	Sell	UnitedHealth Group	$5,600,000	-12.4%	25,767	-1.7%	1.57%	-15.4%
GS	Sell	Goldman Sachs Group	$5,567,000	-11.2%	26,864	-12.3%	1.56%	-14.2%
KMB	Sell	Kimberly-Clark Corp	$5,461,000	+5.9%	38,444	-0.7%	1.53%	+2.3%
IFF	Buy	International Flavo	$5,448,000	+0.8%	44,406	+19.2%	1.53%	-2.6%
ADM	Sell	Archer Daniels Midl	$5,414,000	+0.0%	131,832	-0.6%	1.52%	-3.4%
SNA	Sell	Snap-On Inc.	$5,366,000	-6.1%	34,276	-0.6%	1.51%	-9.3%
NUE	Sell	Nucor Corp.	$5,242,000	-8.3%	102,973	-0.7%	1.47%	-11.4%
CSL	Sell	Carlisle Cos.	$5,227,000	-12.0%	35,916	-15.1%	1.47%	-15.0%
SJM	Buy	J.M. Smucker Co.	$5,213,000	-0.9%	47,383	+3.7%	1.46%	-4.3%
MCK	Sell	McKesson Corp.	$5,189,000	-20.1%	37,969	-21.4%	1.46%	-22.8%
RPM	Sell	RPM International I	$5,099,000	-11.9%	74,108	-21.8%	1.43%	-14.9%
LEA	Sell	Lear Corp.	$4,641,000	-15.9%	39,364	-0.6%	1.30%	-18.7%
OXY	Buy	Occidental Petroleu	$4,624,000	-2.3%	103,973	+10.4%	1.30%	-5.6%
LUMN	Sell	CenturyLink Inc.	$4,588,000	+5.6%	367,662	-0.5%	1.29%	+2.0%
BSX	Sell	Boston Scientific C	$4,394,000	-30.9%	107,983	-27.0%	1.23%	-33.2%
MCD	Sell	McDonald's Corp.	$2,931,000	+1.0%	13,651	-2.4%	0.82%	-2.5%
LOW	Sell	Lowe's Cos.	$1,779,000	+8.0%	16,176	-0.9%	0.50%	+4.2%
GOOG	Buy	Alphabet Inc. (Cl C	$1,659,000	+99.9%	1,361	+77.2%	0.47%	+93.4%
V	Sell	Visa Inc.	$1,563,000	-7.8%	9,085	-7.0%	0.44%	-11.0%
PEP	Sell	PepsiCo Inc.	$1,526,000	+3.5%	11,134	-1.0%	0.43%	0.0%
BLK	Sell	Blackrock Inc.	$931,000	-6.0%	2,089	-0.9%	0.26%	-9.4%
CI	Buy	CIGNA Corp.	$919,000	+101.1%	6,052	+108.8%	0.26%	+94.0%
NEE	Sell	NextEra Energy Inc	$827,000	-2.7%	3,550	-14.5%	0.23%	-6.1%
VZ	Buy	Verizon Communicati	$824,000	+16.5%	13,650	+10.3%	0.23%	+12.7%
LRCX	Sell	Lam Research Corp.	$795,000	+17.4%	3,440	-4.6%	0.22%	+13.2%
QCOM	Sell	QUALCOMM Inc.	$779,000	-6.6%	10,213	-6.8%	0.22%	-9.5%
HXL	New	Hexcel Corp.	$772,000	–	9,400	–	0.22%	–
L100PS	New	Arconic, Inc.	$716,000	–	27,533	–	0.20%	–
BX	Sell	The Blackstone Grou	$713,000	+5.2%	14,590	-4.4%	0.20%	+1.5%
HES	New	Hess Corp.	$661,000	–	10,932	–	0.19%	–
TXT	New	Textron Inc.	$621,000	–	12,682	–	0.17%	–
CIEN	New	Ciena Corp.	$608,000	–	15,490	–	0.17%	–
WHR	New	Whirlpool Corp.	$592,000	–	3,738	–	0.17%	–
EPR	Buy	Entertainment Prope	$592,000	+35.2%	7,698	+31.1%	0.17%	+30.7%
LAD	Sell	Lithia Motors Inc.	$593,000	-10.4%	4,478	-19.7%	0.17%	-13.5%
STX	Sell	Seagate Technology	$553,000	+0.4%	10,290	-12.0%	0.16%	-3.1%
ATRO	Buy	Astronics Corp.	$544,000	+2.4%	18,527	+40.2%	0.15%	-0.6%
ZBRA	Buy	Zebra Technologies	$539,000	+3.7%	2,613	+5.2%	0.15%	0.0%
EVR	Buy	Evercore Partners I	$534,000	+20.8%	6,662	+33.5%	0.15%	+17.2%
SLM	New	SLM Corp.	$519,000	–	58,832	–	0.15%	–
FDX	New	FedEx Corp.	$510,000	–	3,501	–	0.14%	–
CBRE	Sell	CBRE Group, Inc Cla	$507,000	+2.8%	9,567	-0.4%	0.14%	-0.7%
CRL	New	Charles River Labor	$502,000	–	3,794	–	0.14%	–
	New	IHS Markit Ltd.	$493,000	–	7,368	–	0.14%	–
UTX	Sell	United Technologies	$464,000	+4.5%	3,400	-0.3%	0.13%	+0.8%
TCF	New	TCF Financial Corp.	$449,000	–	11,794	–	0.13%	–
WBA	Sell	Walgreen Boots Alli	$423,000	-8.4%	7,644	-9.5%	0.12%	-11.2%
PFE	Sell	Pfizer Inc.	$420,000	-33.1%	11,700	-19.3%	0.12%	-35.5%
URI	Buy	United Rentals Inc.	$383,000	+27.7%	3,076	+35.8%	0.11%	+24.1%
TGT	New	Target Corp.	$237,000	–	2,220	–	0.07%	–
DLB	New	Dolby Laboratories	$237,000	–	3,666	–	0.07%	–
CNC	Exit	Centene Corp.	$0	–	-3,825	–	-0.06%	–
CMI	Exit	Cummins Inc.	$0	–	-1,475	–	-0.07%	–
GBX	Exit	Greenbrier Cos.	$0	–	-9,276	–	-0.08%	–
THO	Exit	Thor Industries Inc	$0	–	-7,071	–	-0.12%	–
TCF	Exit	TCF Financial Corp.	$0	–	-23,228	–	-0.14%	–
DVN	Exit	Devon Energy Corp.	$0	–	-167,204	–	-1.39%	–

Q2 2019

			Value		Shares		↓ Weighting
MET	New	MetLife Inc.	$8,590,000	–	172,942	–	2.50%	–
CVX	New	Chevron Corp.	$8,010,000	–	64,367	–	2.33%	–
JNJ	New	Johnson & Johnson	$7,857,000	–	56,413	–	2.28%	–
C	New	Citigroup Inc.	$7,466,000	–	106,612	–	2.17%	–
JPM	New	JPMorgan Chase & Co	$7,213,000	–	64,518	–	2.10%	–
IBM	New	International Busin	$7,173,000	–	52,015	–	2.08%	–
DIS	New	Walt Disney Co.	$7,077,000	–	50,681	–	2.06%	–
COF	New	Capital One Financi	$7,061,000	–	77,818	–	2.05%	–
AAPL	New	Apple Inc.	$6,903,000	–	34,879	–	2.01%	–
BMY	New	Bristol-Myers Squib	$6,667,000	–	147,009	–	1.94%	–
CMCSA	New	Comcast Corp. (Cl A	$6,495,000	–	153,621	–	1.89%	–
MPC	New	Marathon Petroleum	$6,497,000	–	116,274	–	1.89%	–
MCK	New	McKesson Corp.	$6,494,000	–	48,319	–	1.89%	–
CVS	New	CVS Caremark Corp.	$6,470,000	–	118,738	–	1.88%	–
CFG	New	Citizens Financial	$6,433,000	–	181,939	–	1.87%	–
UNH	New	UnitedHealth Group	$6,396,000	–	26,212	–	1.86%	–
UHS	New	Universal Health Se	$6,375,000	–	48,894	–	1.85%	–
BSX	New	Boston Scientific C	$6,357,000	–	147,915	–	1.85%	–
DISCA	New	Discovery Commun In	$6,269,000	–	204,215	–	1.82%	–
GS	New	Goldman Sachs Group	$6,266,000	–	30,627	–	1.82%	–
CSCO	New	Cisco Systems Inc.	$6,213,000	–	113,529	–	1.81%	–
RTN	New	Raytheon Co.	$6,187,000	–	35,580	–	1.80%	–
WELL	New	Welltower Inc	$6,099,000	–	74,801	–	1.77%	–
DOV	New	Dover Corp.	$6,081,000	–	60,690	–	1.77%	–
STZ	New	Constellation Brand	$6,062,000	–	30,780	–	1.76%	–
CNP	New	CenterPoint Energy	$6,050,000	–	211,323	–	1.76%	–
ALL	New	Allstate Corp.	$5,958,000	–	58,587	–	1.73%	–
CSL	New	Carlisle Cos.	$5,937,000	–	42,284	–	1.72%	–
PEG	New	Public Service Ente	$5,804,000	–	98,674	–	1.69%	–
RPM	New	RPM International I	$5,789,000	–	94,725	–	1.68%	–
NUE	New	Nucor Corp.	$5,715,000	–	103,713	–	1.66%	–
SNA	New	Snap-On Inc.	$5,713,000	–	34,488	–	1.66%	–
SPG	New	Simon Property Grou	$5,662,000	–	35,440	–	1.64%	–
AVB	New	AvalonBay Communiti	$5,654,000	–	27,829	–	1.64%	–
NWL	New	Newell Rubbermaid I	$5,542,000	–	359,401	–	1.61%	–
INTC	New	Intel Corp.	$5,535,000	–	115,631	–	1.61%	–
LEA	New	Lear Corp.	$5,517,000	–	39,614	–	1.60%	–
ADM	New	Archer Daniels Midl	$5,413,000	–	132,682	–	1.57%	–
IFF	New	International Flavo	$5,404,000	–	37,246	–	1.57%	–
SJM	New	J.M. Smucker Co.	$5,262,000	–	45,681	–	1.53%	–
ETN	New	Eaton Corp. PLC	$5,198,000	–	62,420	–	1.51%	–
KMB	New	Kimberly-Clark Corp	$5,158,000	–	38,704	–	1.50%	–
COP	New	ConocoPhillips	$5,071,000	–	83,138	–	1.47%	–
STT	New	State Street Corp.	$5,003,000	–	89,249	–	1.45%	–
DVN	New	Devon Energy Corp.	$4,769,000	–	167,204	–	1.39%	–
OXY	New	Occidental Petroleu	$4,733,000	–	94,140	–	1.38%	–
ABBV	New	Abbvie Inc	$4,722,000	–	64,930	–	1.37%	–
LUMN	New	CenturyLink Inc.	$4,346,000	–	369,586	–	1.26%	–
COG	New	Cabot Oil & Gas Cor	$3,865,000	–	168,333	–	1.12%	–
MCD	New	McDonald's Corp.	$2,903,000	–	13,981	–	0.84%	–
V	New	Visa Inc.	$1,696,000	–	9,770	–	0.49%	–
LOW	New	Lowe's Cos.	$1,647,000	–	16,326	–	0.48%	–
PEP	New	PepsiCo Inc.	$1,474,000	–	11,244	–	0.43%	–
BLK	New	Blackrock Inc.	$990,000	–	2,109	–	0.29%	–
BA	New	Boeing Co.	$929,000	–	2,553	–	0.27%	–
NEE	New	NextEra Energy Inc	$850,000	–	4,150	–	0.25%	–
QCOM	New	QUALCOMM Inc.	$834,000	–	10,963	–	0.24%	–
GOOG	New	Alphabet Inc. (Cl C	$830,000	–	768	–	0.24%	–
VZ	New	Verizon Communicati	$707,000	–	12,370	–	0.20%	–
HELE	New	Helen of Troy Corp.	$689,000	–	5,273	–	0.20%	–
BX	New	The Blackstone Grou	$678,000	–	15,255	–	0.20%	–
LRCX	New	Lam Research Corp.	$677,000	–	3,605	–	0.20%	–
AAN	New	Aaron's Inc.	$668,000	–	10,883	–	0.19%	–
LAD	New	Lithia Motors Inc.	$662,000	–	5,577	–	0.19%	–
ENSG	New	Ensign Group Inc.	$641,000	–	11,254	–	0.19%	–
PFE	New	Pfizer Inc.	$628,000	–	14,500	–	0.18%	–
PDM	New	Piedmont Office Rea	$610,000	–	30,586	–	0.18%	–
DRQ	New	Dril-Quip Inc.	$609,000	–	12,687	–	0.18%	–
INT	New	World Fuel Services	$605,000	–	16,813	–	0.18%	–
TGNA	New	Tegna, Inc.	$592,000	–	39,094	–	0.17%	–
RBC	New	Regal-Beloit Corp.	$587,000	–	7,184	–	0.17%	–
IDA	New	IDACORP Inc.	$559,000	–	5,569	–	0.16%	–
STX	New	Seagate Technology	$551,000	–	11,690	–	0.16%	–
AMN	New	AMN Healthcare Serv	$542,000	–	9,990	–	0.16%	–
CTRE	New	CareTrust REIT, Inc	$539,000	–	22,665	–	0.16%	–
ATRO	New	Astronics Corp.	$531,000	–	13,211	–	0.15%	–
CRUS	New	Cirrus Logic Inc.	$524,000	–	11,981	–	0.15%	–
ZBRA	New	Zebra Technologies	$520,000	–	2,483	–	0.15%	–
AVA	New	Avista Corp.	$517,000	–	11,591	–	0.15%	–
ASGN	New	ASGN Inc.	$510,000	–	8,414	–	0.15%	–
IOSP	New	Innospec Inc	$508,000	–	5,568	–	0.15%	–
KNX	New	Knight Transportati	$510,000	–	15,522	–	0.15%	–
SIGI	New	Selective Insurance	$504,000	–	6,734	–	0.15%	–
AGM	New	Federal Agricultura	$497,000	–	6,842	–	0.14%	–
CBRE	New	CBRE Group, Inc Cla	$493,000	–	9,607	–	0.14%	–
APLE	New	Apple Hospitality R	$491,000	–	30,987	–	0.14%	–
LFUS	New	Littelfuse Inc.	$482,000	–	2,726	–	0.14%	–
JLL	New	Jones Lang LaSalle	$483,000	–	3,435	–	0.14%	–
TCF	New	TCF Financial Corp.	$483,000	–	23,228	–	0.14%	–
ACN	New	Accenture Plc	$480,000	–	2,600	–	0.14%	–
NHI	New	National Health Inv	$471,000	–	6,040	–	0.14%	–
THRM	New	Gentherm Incorporat	$473,000	–	11,319	–	0.14%	–
OHI	New	Omega Healthcare In	$468,000	–	12,733	–	0.14%	–
WBA	New	Walgreen Boots Alli	$462,000	–	8,444	–	0.13%	–
NXPI	New	NXPI SEMICONDUCTORS	$458,000	–	4,691	–	0.13%	–
CI	New	CIGNA Corp.	$457,000	–	2,899	–	0.13%	–
BDC	New	Belden Inc.	$457,000	–	7,680	–	0.13%	–
MRK	New	Merck & Co Inc	$453,000	–	5,400	–	0.13%	–
LSI	New	Life Storage	$451,000	–	4,744	–	0.13%	–
BKNG	New	Booking Holdings, I	$452,000	–	241	–	0.13%	–
UTX	New	United Technologies	$444,000	–	3,410	–	0.13%	–
EVR	New	Evercore Partners I	$442,000	–	4,992	–	0.13%	–
SPB	New	Spectrum Brands Hol	$437,000	–	8,120	–	0.13%	–
CATY	New	Cathay General Banc	$436,000	–	12,145	–	0.13%	–
EPR	New	Entertainment Prope	$438,000	–	5,874	–	0.13%	–
EFSC	New	Enterprise Finc'l S	$429,000	–	10,324	–	0.12%	–
MUR	New	Murphy Oil Corp.	$426,000	–	17,263	–	0.12%	–
IBKC	New	IBERIABANK Corp.	$428,000	–	5,637	–	0.12%	–
SCSC	New	ScanSource Inc.	$423,000	–	12,980	–	0.12%	–
BKU	New	BankUnited Inc	$421,000	–	12,463	–	0.12%	–
ALE	New	Allete Inc.	$415,000	–	4,990	–	0.12%	–
THO	New	Thor Industries Inc	$413,000	–	7,071	–	0.12%	–
IIVI	New	II-VI Inc.	$411,000	–	11,254	–	0.12%	–
BRKL	New	Brookline Bancorp I	$393,000	–	25,556	–	0.11%	–
NP	New	Neenah Paper Inc.	$393,000	–	5,820	–	0.11%	–
MMS	New	Maximus Inc.	$388,000	–	5,351	–	0.11%	–
FNB	New	F.N.B. Corp.	$389,000	–	33,026	–	0.11%	–
DLX	New	Deluxe Corp.	$371,000	–	9,132	–	0.11%	–
ENS	New	EnerSys Inc.	$365,000	–	5,326	–	0.11%	–
WCC	New	Wesco International	$364,000	–	7,179	–	0.11%	–
HTLF	New	Heartland Financial	$361,000	–	8,063	–	0.10%	–
DK	New	Delek US Holdings I	$353,000	–	8,711	–	0.10%	–
CAT	New	Caterpillar Inc.	$355,000	–	2,603	–	0.10%	–
HOPE	New	Hope Bancorp Inc.	$356,000	–	25,801	–	0.10%	–
GOOGL	New	Alphabet Inc. (Cl A	$325,000	–	300	–	0.09%	–
HCI	New	HCI Group Inc	$315,000	–	7,785	–	0.09%	–
URI	New	United Rentals Inc.	$300,000	–	2,265	–	0.09%	–
DCOM	New	Dime Community Banc	$285,000	–	15,019	–	0.08%	–
GBX	New	Greenbrier Cos.	$282,000	–	9,276	–	0.08%	–
SYNA	New	Synaptics Inc.	$262,000	–	8,992	–	0.08%	–
CMI	New	Cummins Inc.	$253,000	–	1,475	–	0.07%	–
CELG	New	Celgene Corp.	$222,000	–	2,403	–	0.06%	–
LXP	New	Lexington Realty Tr	$220,000	–	23,359	–	0.06%	–
SWM	New	Schweitzer-Mauduit	$215,000	–	6,482	–	0.06%	–
HAIN	New	Hain Celestial Grou	$210,000	–	9,573	–	0.06%	–
CNC	New	Centene Corp.	$201,000	–	3,825	–	0.06%	–

Q4 2018

			Value		Shares		↓ Weighting
FB	Exit	FACEBOOK INC CL A	$0	–	-1,217	–	-0.04%	–
PNW	Exit	Pinnacle West Capit	$0	–	-2,807	–	-0.04%	–
LXP	Exit	Lexington Realty Tr	$0	–	-27,987	–	-0.04%	–
HD	Exit	Home Depot Inc.	$0	–	-1,251	–	-0.05%	–
CMA	Exit	Comerica Inc.	$0	–	-2,855	–	-0.05%	–
GNTX	Exit	Gentex Corp.	$0	–	-12,221	–	-0.05%	–
CMI	Exit	Cummins Inc.	$0	–	-1,870	–	-0.05%	–
PLD	Exit	ProLogis Inc.	$0	–	-4,188	–	-0.05%	–
HUM	Exit	Humana Inc.	$0	–	-850	–	-0.05%	–
HAIN	Exit	Hain Celestial Grou	$0	–	-11,471	–	-0.06%	–
DCOM	Exit	Dime Community Banc	$0	–	-17,991	–	-0.06%	–
KR	Exit	Kroger Co.	$0	–	-11,060	–	-0.06%	–
EPR	Exit	Entertainment Prope	$0	–	-5,114	–	-0.06%	–
LPI	Exit	Laredo Petroleum	$0	–	-45,077	–	-0.06%	–
URI	Exit	United Rentals Inc.	$0	–	-2,278	–	-0.07%	–
COO	Exit	Cooper Cos.	$0	–	-1,340	–	-0.07%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-9,787	–	-0.07%	–
MRK	Exit	Merck & Co Inc	$0	–	-5,400	–	-0.07%	–
TUP	Exit	Tupperware Brands C	$0	–	-11,525	–	-0.07%	–
IPHS	Exit	Innophos Holdings I	$0	–	-8,841	–	-0.07%	–
BGCP	Exit	BGC Partners Inc. (	$0	–	-34,006	–	-0.07%	–
HCI	Exit	HCI Group Inc	$0	–	-9,327	–	-0.07%	–
CBRE	Exit	CBRE Group, Inc Cla	$0	–	-9,610	–	-0.08%	–
FDX	Exit	FedEx Corp.	$0	–	-1,772	–	-0.08%	–
ACN	Exit	Accenture Plc	$0	–	-2,600	–	-0.08%	–
ALE	Exit	Allete Inc.	$0	–	-6,039	–	-0.08%	–
DRQ	Exit	Dril-Quip Inc.	$0	–	-8,780	–	-0.08%	–
GEF	Exit	Greif Inc. (Cl A)	$0	–	-9,140	–	-0.09%	–
TEN	Exit	Tenneco Inc.	$0	–	-11,680	–	-0.09%	–
DK	Exit	Delek US Holdings I	$0	–	-11,694	–	-0.09%	–
IPGP	Exit	IPG Photonics Corp.	$0	–	-3,212	–	-0.09%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-415	–	-0.09%	–
UTX	Exit	United Technologies	$0	–	-3,560	–	-0.09%	–
HOPE	Exit	Hope Bancorp Inc.	$0	–	-30,907	–	-0.09%	–
SIGI	Exit	Selective Insurance	$0	–	-8,062	–	-0.09%	–
OHI	Exit	Omega Healthcare In	$0	–	-15,647	–	-0.09%	–
BRKL	Exit	Brookline Bancorp I	$0	–	-30,630	–	-0.09%	–
SYNA	Exit	Synaptics Inc.	$0	–	-11,341	–	-0.09%	–
AGM	Exit	Federal Agricultura	$0	–	-7,271	–	-0.09%	–
VZ	Exit	Verizon Communicati	$0	–	-9,800	–	-0.09%	–
FMC	Exit	FMC Corp.	$0	–	-6,019	–	-0.09%	–
WCC	Exit	Wesco International	$0	–	-8,605	–	-0.09%	–
DLX	Exit	Deluxe Corp.	$0	–	-9,413	–	-0.10%	–
LSI	Exit	Life Storage	$0	–	-5,699	–	-0.10%	–
IBKC	Exit	IBERIABANK Corp.	$0	–	-6,756	–	-0.10%	–
BX	Exit	THE BLACKSTONE GROU	$0	–	-14,481	–	-0.10%	–
NHI	Exit	National Health Inv	$0	–	-7,309	–	-0.10%	–
ASGN	Exit	ASGN Inc.	$0	–	-6,959	–	-0.10%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-7,637	–	-0.10%	–
INT	Exit	World Fuel Services	$0	–	-20,154	–	-0.10%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-16,781	–	-0.10%	–
LRCX	Exit	Lam Research Corp.	$0	–	-3,686	–	-0.10%	–
HTLF	Exit	Heartland Financial	$0	–	-9,650	–	-0.10%	–
FNB	Exit	F.N.B. Corp.	$0	–	-44,149	–	-0.10%	–
BKU	Exit	BankUnited Inc	$0	–	-16,190	–	-0.10%	–
MBFI	Exit	MB Financial Inc.	$0	–	-12,528	–	-0.10%	–
LAD	Exit	Lithia Motors Inc.	$0	–	-7,213	–	-0.10%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-15,354	–	-0.11%	–
APLE	Exit	Apple Hospitality R	$0	–	-34,038	–	-0.11%	–
EFSC	Exit	Enterprise Finc'l S	$0	–	-11,252	–	-0.11%	–
CATY	Exit	Cathay General Banc	$0	–	-14,540	–	-0.11%	–
JLL	Exit	Jones Lang LaSalle	$0	–	-4,186	–	-0.11%	–
SCSC	Exit	ScanSource Inc.	$0	–	-15,179	–	-0.11%	–
NP	Exit	Neenah Paper Inc.	$0	–	-7,061	–	-0.11%	–
CELG	Exit	Celgene Corp.	$0	–	-6,877	–	-0.11%	–
THO	Exit	Thor Industries Inc	$0	–	-7,399	–	-0.11%	–
MPC	Exit	Marathon Petroleum	$0	–	-7,704	–	-0.11%	–
BKNG	Exit	Booking Holdings, I	$0	–	-313	–	-0.11%	–
NCI	Exit	Navigant Consulting	$0	–	-27,806	–	-0.11%	–
PFE	Exit	Pfizer Inc.	$0	–	-14,550	–	-0.11%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-36,417	–	-0.12%	–
AAN	Exit	Aaron's Inc.	$0	–	-11,831	–	-0.12%	–
STX	Exit	Seagate Technology	$0	–	-13,821	–	-0.12%	–
TCF	Exit	TCF Financial Corp.	$0	–	-27,839	–	-0.12%	–
ARRS	Exit	Arris International	$0	–	-25,616	–	-0.12%	–
ATRO	Exit	Astronics Corp.	$0	–	-15,190	–	-0.12%	–
CNP	Exit	CenterPoint Energy	$0	–	-24,237	–	-0.12%	–
THRM	Exit	Gentherm Incorporat	$0	–	-14,775	–	-0.12%	–
GBX	Exit	Greenbrier Cos.	$0	–	-11,398	–	-0.12%	–
EVR	Exit	Evercore Partners I	$0	–	-6,901	–	-0.12%	–
IOSP	Exit	Innospec Inc	$0	–	-9,055	–	-0.12%	–
NEE	Exit	NextEra Energy Inc	$0	–	-4,264	–	-0.13%	–
AET	Exit	Aetna Inc.	$0	–	-3,572	–	-0.13%	–
BDC	Exit	Belden Inc.	$0	–	-10,296	–	-0.13%	–
IDA	Exit	IDACORP Inc.	$0	–	-7,394	–	-0.13%	–
IIVI	Exit	II-VI Inc.	$0	–	-15,667	–	-0.13%	–
ABBV	Exit	Abbvie Inc	$0	–	-7,892	–	-0.13%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-9,214	–	-0.14%	–
PDM	Exit	Piedmont Office Rea	$0	–	-40,300	–	-0.14%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-20,681	–	-0.14%	–
AMN	Exit	AMN Healthcare Serv	$0	–	-15,073	–	-0.15%	–
WBA	Exit	Walgreen Boots Alli	$0	–	-11,703	–	-0.15%	–
DIS	Exit	Walt Disney Co.	$0	–	-7,493	–	-0.16%	–
ENS	Exit	EnerSys Inc.	$0	–	-10,169	–	-0.16%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-766	–	-0.16%	–
BA	Exit	Boeing Co.	$0	–	-2,624	–	-0.17%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,254	–	-0.19%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-8,544	–	-0.20%	–
PEP	Exit	PepsiCo Inc.	$0	–	-10,560	–	-0.21%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-12,105	–	-0.24%	–
V	Exit	Visa Inc.	$0	–	-10,434	–	-0.28%	–
LOW	Exit	Lowe's Cos.	$0	–	-14,920	–	-0.30%	–
MCD	Exit	McDonald's Corp.	$0	–	-14,875	–	-0.44%	–
ESV	Exit	ENSCO International	$0	–	-512,103	–	-0.77%	–
STZ	Exit	Constellation Brand	$0	–	-23,410	–	-0.90%	–
BEN	Exit	Franklin Resources	$0	–	-179,007	–	-0.97%	–
WHR	Exit	Whirlpool Corp.	$0	–	-47,960	–	-1.01%	–
CSL	Exit	Carlisle Cos.	$0	–	-59,663	–	-1.29%	–
ADM	Exit	Archer Daniels Midl	$0	–	-150,338	–	-1.34%	–
BHF	Exit	Brighthouse Financi	$0	–	-171,547	–	-1.35%	–
ED	Exit	Consolidated Edison	$0	–	-108,748	–	-1.47%	–
AMAT	Exit	Applied Materials I	$0	–	-218,360	–	-1.50%	–
LEA	Exit	Lear Corp.	$0	–	-59,848	–	-1.54%	–
SPG	Exit	Simon Property Grou	$0	–	-50,031	–	-1.57%	–
BRKB	Exit	BERKSHIRE HATHAWAY	$0	–	-42,023	–	-1.60%	–
BSX	Exit	Boston Scientific C	$0	–	-234,147	–	-1.60%	–
INTC	Exit	Intel Corp.	$0	–	-193,122	–	-1.62%	–
GS	Exit	Goldman Sachs Group	$0	–	-41,278	–	-1.65%	–
DOV	Exit	Dover Corp.	$0	–	-109,348	–	-1.72%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-94,576	–	-1.73%	–
NWL	Exit	Newell Rubbermaid I	$0	–	-496,669	–	-1.79%	–
NUE	Exit	Nucor Corp.	$0	–	-159,316	–	-1.80%	–
HAS	Exit	Hasbro Inc.	$0	–	-96,859	–	-1.81%	–
AVB	Exit	AvalonBay Communiti	$0	–	-57,016	–	-1.84%	–
WELL	Exit	Welltower Inc	$0	–	-161,005	–	-1.84%	–
RPM	Exit	RPM International I	$0	–	-159,785	–	-1.85%	–
ETR	Exit	Entergy Corp.	$0	–	-128,762	–	-1.86%	–
OXY	Exit	Occidental Petroleu	$0	–	-127,435	–	-1.86%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-123,235	–	-1.86%	–
C	Exit	Citigroup Inc.	$0	–	-146,136	–	-1.86%	–
AIG	Exit	American Int'l Grou	$0	–	-198,657	–	-1.88%	–
HCA	Exit	HCA Healthcare, INC	$0	–	-76,138	–	-1.88%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-218,950	–	-1.90%	–
COF	Exit	Capital One Financi	$0	–	-113,489	–	-1.92%	–
STT	Exit	State Street Corp.	$0	–	-128,738	–	-1.92%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-304,887	–	-1.92%	–
GD	Exit	General Dynamics Co	$0	–	-54,489	–	-1.98%	–
IBM	Exit	International Busin	$0	–	-73,917	–	-1.99%	–
COP	Exit	ConocoPhillips	$0	–	-145,086	–	-2.00%	–
SNA	Exit	Snap-On Inc.	$0	–	-62,283	–	-2.03%	–
ALL	Exit	Allstate Corp.	$0	–	-117,972	–	-2.07%	–
UNH	Exit	UnitedHealth Group	$0	–	-44,237	–	-2.09%	–
MCK	Exit	McKesson Corp.	$0	–	-88,889	–	-2.10%	–
DVN	Exit	Devon Energy Corp.	$0	–	-297,853	–	-2.12%	–
MET	Exit	MetLife Inc.	$0	–	-257,893	–	-2.14%	–
AAPL	Exit	Apple Inc.	$0	–	-54,776	–	-2.20%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-588,297	–	-2.22%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-542,671	–	-2.25%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-208,432	–	-2.30%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-168,010	–	-2.35%	–
JNJ	Exit	Johnson & Johnson	$0	–	-108,733	–	-2.67%	–
CVX	Exit	Chevron Corp.	$0	–	-128,722	–	-2.80%	–

Q3 2018

			Value		Shares		↓ Weighting
CVX	Sell	Chevron Corp.	$15,740,000	-3.7%	128,722	-0.5%	2.80%	-8.2%
JNJ	Buy	Johnson & Johnson	$15,024,000	+24.3%	108,733	+9.1%	2.67%	+18.5%
CVS	Sell	CVS Caremark Corp.	$13,226,000	+21.6%	168,010	-0.6%	2.35%	+16.0%
BMY	Sell	Bristol-Myers Squib	$12,939,000	+3.9%	208,432	-7.4%	2.30%	-0.9%
MRO	Sell	Marathon Oil Corp.	$12,633,000	+5.7%	542,671	-5.3%	2.25%	+0.8%
LUMN	Sell	CenturyLink Inc.	$12,472,000	+11.6%	588,297	-1.9%	2.22%	+6.5%
AAPL	Sell	Apple Inc.	$12,365,000	+14.0%	54,776	-6.5%	2.20%	+8.8%
MET	Buy	MetLife Inc.	$12,049,000	+13.4%	257,893	+5.8%	2.14%	+8.2%
DVN	Buy	Devon Energy Corp.	$11,896,000	+2.9%	297,853	+13.2%	2.12%	-1.9%
MCK	Buy	McKesson Corp.	$11,791,000	+14.3%	88,889	+15.0%	2.10%	+9.1%
UNH	Sell	UnitedHealth Group	$11,769,000	+7.2%	44,237	-1.2%	2.09%	+2.2%
ALL	Buy	Allstate Corp.	$11,644,000	+13.8%	117,972	+5.2%	2.07%	+8.6%
SNA	Sell	Snap-On Inc.	$11,435,000	+13.5%	62,283	-0.6%	2.03%	+8.3%
COP	Sell	ConocoPhillips	$11,230,000	+10.8%	145,086	-0.4%	2.00%	+5.7%
IBM	Buy	International Busin	$11,177,000	+18.5%	73,917	+9.5%	1.99%	+13.1%
GD	Buy	General Dynamics Co	$11,155,000	+35.7%	54,489	+23.6%	1.98%	+29.5%
CMCSA	Sell	Comcast Corp. (Cl A	$10,796,000	+7.4%	304,887	-0.4%	1.92%	+2.5%
STT	Buy	State Street Corp.	$10,786,000	+9.4%	128,738	+21.6%	1.92%	+4.4%
COF	Sell	Capital One Financi	$10,774,000	+2.9%	113,489	-0.4%	1.92%	-1.8%
CSCO	Sell	Cisco Systems Inc.	$10,652,000	+12.5%	218,950	-0.5%	1.90%	+7.3%
HCA	Sell	HCA Healthcare, INC	$10,592,000	+10.8%	76,138	-18.3%	1.88%	+5.7%
AIG	Sell	American Int'l Grou	$10,576,000	-0.0%	198,657	-0.4%	1.88%	-4.6%
C	Sell	Citigroup Inc.	$10,484,000	+6.7%	146,136	-0.4%	1.86%	+1.8%
XOM	Sell	Exxon Mobil Corp.	$10,477,000	-20.2%	123,235	-22.3%	1.86%	-23.8%
OXY	Buy	Occidental Petroleu	$10,471,000	+25.2%	127,435	+27.5%	1.86%	+19.4%
ETR	Sell	Entergy Corp.	$10,446,000	+0.0%	128,762	-0.4%	1.86%	-4.6%
RPM	Sell	RPM International I	$10,376,000	+3.6%	159,785	-6.9%	1.85%	-1.1%
WELL	Buy	Welltower Inc	$10,356,000	+57.0%	161,005	+53.0%	1.84%	+49.8%
AVB	Buy	AvalonBay Communiti	$10,328,000	+18.2%	57,016	+12.2%	1.84%	+12.8%
HAS	Sell	Hasbro Inc.	$10,182,000	-0.4%	96,859	-12.5%	1.81%	-4.9%
NUE	Buy	Nucor Corp.	$10,109,000	+1.6%	159,316	+0.1%	1.80%	-3.0%
NWL	Buy	Newell Rubbermaid I	$10,082,000	+9.0%	496,669	+38.4%	1.79%	+3.9%
SJM	Buy	J.M. Smucker Co.	$9,704,000	+29.7%	94,576	+35.9%	1.73%	+23.7%
DOV	Sell	Dover Corp.	$9,681,000	+20.1%	109,348	-0.7%	1.72%	+14.6%
GS	Buy	Goldman Sachs Group	$9,256,000	+12.2%	41,278	+10.4%	1.65%	+7.1%
INTC	Sell	Intel Corp.	$9,133,000	-5.3%	193,122	-0.4%	1.62%	-9.6%
BSX	Sell	Boston Scientific C	$9,015,000	+17.2%	234,147	-0.5%	1.60%	+11.8%
BRKB	Sell	BERKSHIRE HATHAWAY	$8,998,000	-4.1%	42,023	-16.4%	1.60%	-8.5%
SPG	New	Simon Property Grou	$8,843,000	–	50,031	–	1.57%	–
LEA	Buy	Lear Corp.	$8,678,000	-4.5%	59,848	+22.4%	1.54%	-8.9%
AMAT	Buy	Applied Materials I	$8,440,000	+14.5%	218,360	+36.9%	1.50%	+9.3%
ED	Sell	Consolidated Edison	$8,286,000	-2.7%	108,748	-0.4%	1.47%	-7.2%
BHF	Buy	Brighthouse Financi	$7,589,000	+36.6%	171,547	+23.7%	1.35%	+30.3%
ADM	Sell	Archer Daniels Midl	$7,557,000	-14.7%	150,338	-22.3%	1.34%	-18.7%
CSL	Sell	Carlisle Cos.	$7,267,000	+1.6%	59,663	-9.7%	1.29%	-3.1%
WHR	Sell	Whirlpool Corp.	$5,695,000	-29.6%	47,960	-13.4%	1.01%	-32.9%
BEN	Buy	Franklin Resources	$5,444,000	+9.6%	179,007	+15.5%	0.97%	+4.6%
STZ	New	Constellation Brand	$5,048,000	–	23,410	–	0.90%	–
ESV	Buy	ENSCO International	$4,322,000	+69.4%	512,103	+45.8%	0.77%	+61.6%
MCD	Sell	McDonald's Corp.	$2,488,000	+6.4%	14,875	-0.3%	0.44%	+1.6%
LOW	Sell	Lowe's Cos.	$1,713,000	+20.0%	14,920	-0.1%	0.30%	+14.7%
JPM	Sell	JPMorgan Chase & Co	$1,366,000	+8.2%	12,105	-0.2%	0.24%	+3.0%
PEP	Sell	PepsiCo Inc.	$1,181,000	+2.3%	10,560	-0.5%	0.21%	-2.3%
HELE	Sell	Helen of Troy Corp.	$1,118,000	+29.0%	8,544	-3.0%	0.20%	+22.8%
BLK	Sell	Blackrock Inc.	$1,062,000	-5.9%	2,254	-0.4%	0.19%	-10.4%
ENS	Sell	EnerSys Inc.	$886,000	+13.4%	10,169	-2.9%	0.16%	+8.2%
DIS	Sell	Walt Disney Co.	$876,000	+10.1%	7,493	-1.4%	0.16%	+5.4%
WBA	Sell	Walgreen Boots Alli	$853,000	+20.0%	11,703	-1.3%	0.15%	+14.3%
AMN	Sell	AMN Healthcare Serv	$824,000	-9.5%	15,073	-3.1%	0.15%	-13.5%
ENSG	Sell	Ensign Group Inc.	$784,000	+2.2%	20,681	-3.4%	0.14%	-2.8%
PDM	Sell	Piedmont Office Rea	$763,000	-7.5%	40,300	-2.7%	0.14%	-11.7%
RBC	Sell	Regal-Beloit Corp.	$760,000	-1.9%	9,214	-2.8%	0.14%	-6.9%
ABBV	Buy	Abbvie Inc	$746,000	+16.7%	7,892	+14.4%	0.13%	+11.8%
IIVI	Sell	II-VI Inc.	$741,000	+5.6%	15,667	-3.0%	0.13%	+0.8%
BDC	Sell	Belden Inc.	$735,000	+13.6%	10,296	-2.7%	0.13%	+8.3%
IDA	Sell	IDACORP Inc.	$734,000	+4.3%	7,394	-3.1%	0.13%	0.0%
AET	Sell	Aetna Inc.	$725,000	+10.4%	3,572	-0.3%	0.13%	+4.9%
IOSP	Sell	Innospec Inc	$695,000	-2.9%	9,055	-3.2%	0.12%	-7.5%
EVR	Sell	Evercore Partners I	$694,000	-7.5%	6,901	-3.0%	0.12%	-12.1%
GBX	Sell	Greenbrier Cos.	$685,000	-12.6%	11,398	-23.3%	0.12%	-16.4%
THRM	Sell	Gentherm Incorporat	$672,000	+12.2%	14,775	-3.1%	0.12%	+7.1%
CNP	Buy	CenterPoint Energy	$670,000	+4.5%	24,237	+4.8%	0.12%	-0.8%
ATRO	Sell	Astronics Corp.	$661,000	+17.2%	15,190	-3.1%	0.12%	+12.4%
ARRS	Sell	Arris International	$666,000	+3.1%	25,616	-3.0%	0.12%	-1.7%
TCF	Sell	TCF Financial Corp.	$663,000	-6.5%	27,839	-3.4%	0.12%	-10.6%
STX	Buy	Seagate Technology	$654,000	-15.0%	13,821	+1.4%	0.12%	-18.9%
CTRE	Sell	CareTrust REIT, Inc	$645,000	+2.5%	36,417	-3.4%	0.12%	-1.7%
AAN	Sell	Aaron's Inc.	$644,000	+21.1%	11,831	-3.4%	0.12%	+16.2%
NCI	Sell	Navigant Consulting	$641,000	+0.6%	27,806	-3.4%	0.11%	-4.2%
PFE	Sell	Pfizer Inc.	$641,000	-93.6%	14,550	-94.7%	0.11%	-93.9%
THO	Sell	Thor Industries Inc	$619,000	-21.8%	7,399	-9.0%	0.11%	-25.7%
BKNG	Sell	Booking Holdings, I	$621,000	-17.9%	313	-16.1%	0.11%	-22.0%
MPC	New	Marathon Petroleum	$616,000	–	7,704	–	0.11%	–
CELG	Sell	Celgene Corp.	$615,000	+10.8%	6,877	-1.6%	0.11%	+5.8%
SCSC	Sell	ScanSource Inc.	$606,000	-4.3%	15,179	-3.4%	0.11%	-8.5%
NP	Sell	Neenah Paper Inc.	$609,000	-1.8%	7,061	-3.3%	0.11%	-6.9%
JLL	Sell	Jones Lang LaSalle	$604,000	-15.6%	4,186	-2.9%	0.11%	-20.1%
CATY	Sell	Cathay General Banc	$603,000	-1.0%	14,540	-3.4%	0.11%	-6.1%
EFSC	Sell	Enterprise Finc'l S	$597,000	-4.9%	11,252	-3.4%	0.11%	-9.4%
APLE	Buy	Apple Hospitality R	$595,000	+22.4%	34,038	+25.2%	0.11%	+16.5%
CRUS	Sell	Cirrus Logic Inc.	$593,000	-2.1%	15,354	-2.9%	0.11%	-6.2%
LAD	New	Lithia Motors Inc.	$589,000	–	7,213	–	0.10%	–
MBFI	Sell	MB Financial Inc.	$578,000	-4.6%	12,528	-3.4%	0.10%	-8.8%
BKU	Sell	BankUnited Inc	$573,000	-16.1%	16,190	-3.2%	0.10%	-19.7%
HTLF	Sell	Heartland Financial	$560,000	+2.2%	9,650	-3.4%	0.10%	-2.0%
FNB	Sell	F.N.B. Corp.	$562,000	-8.0%	44,149	-3.1%	0.10%	-12.3%
MUR	Sell	Murphy Oil Corp.	$559,000	-4.4%	16,781	-3.1%	0.10%	-9.2%
INT	Sell	World Fuel Services	$558,000	+31.0%	20,154	-3.4%	0.10%	+25.3%
IBKC	Sell	IBERIABANK Corp.	$550,000	+3.8%	6,756	-3.4%	0.10%	-1.0%
NHI	Buy	National Health Inv	$552,000	+29.0%	7,309	+25.8%	0.10%	+22.5%
ASGN	Sell	ASGN Inc.	$549,000	-2.5%	6,959	-3.4%	0.10%	-6.7%
QCOM	Sell	QUALCOMM Inc.	$550,000	+21.7%	7,637	-5.2%	0.10%	+16.7%
LSI	Buy	Life Storage	$542,000	+27.8%	5,699	+30.7%	0.10%	+21.5%
DLX	Sell	Deluxe Corp.	$536,000	-14.4%	9,413	-0.5%	0.10%	-18.8%
WCC	Sell	Wesco International	$529,000	+3.9%	8,605	-3.4%	0.09%	-1.1%
FMC	Sell	FMC Corp.	$525,000	-3.8%	6,019	-1.7%	0.09%	-8.8%
AGM	Sell	Federal Agricultura	$525,000	-22.0%	7,271	-3.4%	0.09%	-26.2%
SYNA	Sell	Synaptics Inc.	$517,000	-12.4%	11,341	-3.2%	0.09%	-16.4%
SIGI	Sell	Selective Insurance	$512,000	+11.5%	8,062	-3.4%	0.09%	+5.8%
OHI	Sell	Omega Healthcare In	$513,000	+3.0%	15,647	-2.7%	0.09%	-2.2%
BRKL	Sell	Brookline Bancorp I	$512,000	-13.2%	30,630	-3.4%	0.09%	-17.3%
UTX	Sell	United Technologies	$498,000	+10.4%	3,560	-1.4%	0.09%	+6.0%
IPGP	New	IPG Photonics Corp.	$501,000	–	3,212	–	0.09%	–
HOPE	Sell	Hope Bancorp Inc.	$500,000	-12.3%	30,907	-3.4%	0.09%	-16.0%
GOOGL	Sell	Alphabet Inc. (Cl A	$501,000	+5.0%	415	-1.7%	0.09%	0.0%
DK	Sell	Delek US Holdings I	$496,000	-18.0%	11,694	-3.1%	0.09%	-22.1%
TEN	Buy	Tenneco Inc.	$492,000	-3.3%	11,680	+0.8%	0.09%	-7.4%
GEF	Sell	Greif Inc. (Cl A)	$490,000	-2.0%	9,140	-3.4%	0.09%	-6.5%
DRQ	Sell	Dril-Quip Inc.	$459,000	-1.3%	8,780	-3.0%	0.08%	-5.7%
ALE	Sell	Allete Inc.	$453,000	-6.4%	6,039	-3.4%	0.08%	-10.0%
CBRE	New	CBRE Group, Inc Cla	$424,000	–	9,610	–	0.08%	–
HCI	Sell	HCI Group Inc	$408,000	+1.7%	9,327	-3.4%	0.07%	-2.7%
BGCP	Sell	BGC Partners Inc. (	$402,000	+1.0%	34,006	-3.4%	0.07%	-2.7%
IPHS	Sell	Innophos Holdings I	$393,000	-9.7%	8,841	-3.4%	0.07%	-13.6%
TUP	Sell	Tupperware Brands C	$386,000	-21.5%	11,525	-3.4%	0.07%	-25.0%
SWM	Sell	Schweitzer-Mauduit	$375,000	-15.3%	9,787	-3.4%	0.07%	-19.3%
LPI	Sell	Laredo Petroleum	$368,000	-18.0%	45,077	-3.4%	0.06%	-22.6%
EPR	Sell	Entertainment Prope	$350,000	+2.9%	5,114	-2.5%	0.06%	-1.6%
DCOM	Sell	Dime Community Banc	$321,000	-11.6%	17,991	-3.4%	0.06%	-16.2%
HAIN	Sell	Hain Celestial Grou	$311,000	-12.1%	11,471	-3.4%	0.06%	-16.7%
LXP	Sell	Lexington Realty Tr	$232,000	-8.3%	27,987	-3.4%	0.04%	-12.8%
FB	Buy	FACEBOOK INC CL A	$200,000	-11.1%	1,217	+5.0%	0.04%	-14.3%
ON	Exit	ON Semiconductor Co	$0	–	-10,100	–	-0.04%	–
GLW	Exit	Corning Inc.	$0	–	-15,037	–	-0.08%	–
LNC	Exit	Lincoln National Co	$0	–	-6,637	–	-0.08%	–
CTB	Exit	Cooper Tire & Rubbe	$0	–	-15,843	–	-0.08%	–
FFG	Exit	FBL Financial Group	$0	–	-5,356	–	-0.08%	–
EQR	Exit	Equity Residential	$0	–	-121,313	–	-1.44%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-194,581	–	-2.01%	–

Q2 2018

			Value		Shares		↓ Weighting
CVX	New	Chevron Corp.	$16,348,000	–	129,307	–	3.05%	–
XOM	New	Exxon Mobil Corp.	$13,121,000	–	158,598	–	2.45%	–
BMY	New	Bristol-Myers Squib	$12,452,000	–	225,011	–	2.32%	–
JNJ	New	Johnson & Johnson	$12,091,000	–	99,647	–	2.26%	–
MRO	New	Marathon Oil Corp.	$11,957,000	–	573,189	–	2.23%	–
DVN	New	Devon Energy Corp.	$11,566,000	–	263,109	–	2.16%	–
LUMN	New	CenturyLink Inc.	$11,177,000	–	599,626	–	2.08%	–
UNH	New	UnitedHealth Group	$10,981,000	–	44,759	–	2.05%	–
CVS	New	CVS Caremark Corp.	$10,880,000	–	169,068	–	2.03%	–
AAPL	New	Apple Inc.	$10,843,000	–	58,578	–	2.02%	–
WFC	New	Wells Fargo & Co.	$10,788,000	–	194,581	–	2.01%	–
MET	New	MetLife Inc.	$10,624,000	–	243,664	–	1.98%	–
AIG	New	American Int'l Grou	$10,578,000	–	199,502	–	1.97%	–
COF	New	Capital One Financi	$10,469,000	–	113,919	–	1.95%	–
ETR	New	Entergy Corp.	$10,445,000	–	129,287	–	1.95%	–
MCK	New	McKesson Corp.	$10,314,000	–	77,314	–	1.92%	–
ALL	New	Allstate Corp.	$10,231,000	–	112,094	–	1.91%	–
HAS	New	Hasbro Inc.	$10,223,000	–	110,747	–	1.91%	–
COP	New	ConocoPhillips	$10,138,000	–	145,621	–	1.89%	–
SNA	New	Snap-On Inc.	$10,071,000	–	62,663	–	1.88%	–
CMCSA	New	Comcast Corp. (Cl A	$10,048,000	–	306,257	–	1.87%	–
RPM	New	RPM International I	$10,012,000	–	171,676	–	1.87%	–
PFE	New	Pfizer Inc.	$9,973,000	–	274,897	–	1.86%	–
NUE	New	Nucor Corp.	$9,946,000	–	159,134	–	1.86%	–
STT	New	State Street Corp.	$9,857,000	–	105,885	–	1.84%	–
C	New	Citigroup Inc.	$9,822,000	–	146,771	–	1.83%	–
INTC	New	Intel Corp.	$9,643,000	–	193,977	–	1.80%	–
HCA	New	HCA Healthcare, INC	$9,563,000	–	93,205	–	1.78%	–
CSCO	New	Cisco Systems Inc.	$9,470,000	–	220,070	–	1.77%	–
IBM	New	International Busin	$9,430,000	–	67,502	–	1.76%	–
BRKB	New	BERKSHIRE HATHAWAY	$9,381,000	–	50,258	–	1.75%	–
NWL	New	Newell Rubbermaid I	$9,253,000	–	358,787	–	1.73%	–
LEA	New	Lear Corp.	$9,083,000	–	48,883	–	1.69%	–
ADM	New	Archer Daniels Midl	$8,864,000	–	193,416	–	1.65%	–
AVB	New	AvalonBay Communiti	$8,737,000	–	50,829	–	1.63%	–
ED	New	Consolidated Edison	$8,513,000	–	109,173	–	1.59%	–
OXY	New	Occidental Petroleu	$8,366,000	–	99,981	–	1.56%	–
GS	New	Goldman Sachs Group	$8,248,000	–	37,395	–	1.54%	–
GD	New	General Dynamics Co	$8,220,000	–	44,094	–	1.53%	–
WHR	New	Whirlpool Corp.	$8,095,000	–	55,358	–	1.51%	–
DOV	New	Dover Corp.	$8,058,000	–	110,078	–	1.50%	–
EQR	New	Equity Residential	$7,726,000	–	121,313	–	1.44%	–
BSX	New	Boston Scientific C	$7,695,000	–	235,322	–	1.44%	–
SJM	New	J.M. Smucker Co.	$7,482,000	–	69,613	–	1.40%	–
AMAT	New	Applied Materials I	$7,369,000	–	159,529	–	1.37%	–
CSL	New	Carlisle Cos.	$7,153,000	–	66,046	–	1.33%	–
WELL	New	Welltower Inc	$6,597,000	–	105,227	–	1.23%	–
BHF	New	Brighthouse Financi	$5,556,000	–	138,655	–	1.04%	–
BEN	New	Franklin Resources	$4,968,000	–	155,001	–	0.93%	–
ESV	New	ENSCO International	$2,551,000	–	351,344	–	0.48%	–
MCD	New	McDonald's Corp.	$2,338,000	–	14,920	–	0.44%	–
LOW	New	Lowe's Cos.	$1,428,000	–	14,940	–	0.27%	–
V	New	Visa Inc.	$1,382,000	–	10,434	–	0.26%	–
JPM	New	JPMorgan Chase & Co	$1,263,000	–	12,125	–	0.24%	–
PEP	New	PepsiCo Inc.	$1,155,000	–	10,610	–	0.22%	–
BLK	New	Blackrock Inc.	$1,129,000	–	2,262	–	0.21%	–
AMN	New	AMN Healthcare Serv	$911,000	–	15,551	–	0.17%	–
BA	New	Boeing Co.	$880,000	–	2,624	–	0.16%	–
HELE	New	Helen of Troy Corp.	$867,000	–	8,805	–	0.16%	–
GOOG	New	Alphabet Inc. (Cl C	$855,000	–	766	–	0.16%	–
PDM	New	Piedmont Office Rea	$825,000	–	41,414	–	0.15%	–
THO	New	Thor Industries Inc	$792,000	–	8,135	–	0.15%	–
DIS	New	Walt Disney Co.	$796,000	–	7,598	–	0.15%	–
ENS	New	EnerSys Inc.	$781,000	–	10,469	–	0.15%	–
GBX	New	Greenbrier Cos.	$784,000	–	14,869	–	0.15%	–
RBC	New	Regal-Beloit Corp.	$775,000	–	9,475	–	0.14%	–
STX	New	Seagate Technology	$769,000	–	13,625	–	0.14%	–
ENSG	New	Ensign Group Inc.	$767,000	–	21,404	–	0.14%	–
BKNG	New	Booking Holdings, I	$756,000	–	373	–	0.14%	–
EVR	New	Evercore Partners I	$750,000	–	7,114	–	0.14%	–
IOSP	New	Innospec Inc	$716,000	–	9,350	–	0.13%	–
JLL	New	Jones Lang LaSalle	$716,000	–	4,313	–	0.13%	–
WBA	New	Walgreen Boots Alli	$711,000	–	11,852	–	0.13%	–
NEE	New	NextEra Energy Inc	$712,000	–	4,264	–	0.13%	–
TCF	New	TCF Financial Corp.	$709,000	–	28,815	–	0.13%	–
IDA	New	IDACORP Inc.	$704,000	–	7,632	–	0.13%	–
IIVI	New	II-VI Inc.	$702,000	–	16,148	–	0.13%	–
BKU	New	BankUnited Inc	$683,000	–	16,718	–	0.13%	–
AGM	New	Federal Agricultura	$673,000	–	7,525	–	0.13%	–
AET	New	Aetna Inc.	$657,000	–	3,582	–	0.12%	–
BDC	New	Belden Inc.	$647,000	–	10,587	–	0.12%	–
ARRS	New	Arris International	$646,000	–	26,413	–	0.12%	–
CNP	New	CenterPoint Energy	$641,000	–	23,137	–	0.12%	–
LRCX	New	Lam Research Corp.	$637,000	–	3,686	–	0.12%	–
ABBV	New	Abbvie Inc	$639,000	–	6,896	–	0.12%	–
NCI	New	Navigant Consulting	$637,000	–	28,773	–	0.12%	–
SCSC	New	ScanSource Inc.	$633,000	–	15,707	–	0.12%	–
CTRE	New	CareTrust REIT, Inc	$629,000	–	37,695	–	0.12%	–
EFSC	New	Enterprise Finc'l S	$628,000	–	11,643	–	0.12%	–
DLX	New	Deluxe Corp.	$626,000	–	9,458	–	0.12%	–
NP	New	Neenah Paper Inc.	$620,000	–	7,305	–	0.12%	–
FNB	New	F.N.B. Corp.	$611,000	–	45,550	–	0.11%	–
CATY	New	Cathay General Banc	$609,000	–	15,048	–	0.11%	–
MBFI	New	MB Financial Inc.	$606,000	–	12,968	–	0.11%	–
CRUS	New	Cirrus Logic Inc.	$606,000	–	15,811	–	0.11%	–
DK	New	Delek US Holdings I	$605,000	–	12,064	–	0.11%	–
THRM	New	Gentherm Incorporat	$599,000	–	15,254	–	0.11%	–
SYNA	New	Synaptics Inc.	$590,000	–	11,719	–	0.11%	–
BRKL	New	Brookline Bancorp I	$590,000	–	31,704	–	0.11%	–
MUR	New	Murphy Oil Corp.	$585,000	–	17,309	–	0.11%	–
HOPE	New	Hope Bancorp Inc.	$570,000	–	31,992	–	0.11%	–
ATRO	New	Astronics Corp.	$564,000	–	15,678	–	0.10%	–
ASGN	New	ASGN Inc.	$563,000	–	7,203	–	0.10%	–
CELG	New	Celgene Corp.	$555,000	–	6,992	–	0.10%	–
FMC	New	FMC Corp.	$546,000	–	6,120	–	0.10%	–
HTLF	New	Heartland Financial	$548,000	–	9,987	–	0.10%	–
IBKC	New	IBERIABANK Corp.	$530,000	–	6,992	–	0.10%	–
AAN	New	Aaron's Inc.	$532,000	–	12,247	–	0.10%	–
TEN	New	Tenneco Inc.	$509,000	–	11,590	–	0.10%	–
WCC	New	Wesco International	$509,000	–	8,906	–	0.10%	–
GEF	New	Greif Inc. (Cl A)	$500,000	–	9,457	–	0.09%	–
OHI	New	Omega Healthcare In	$498,000	–	16,077	–	0.09%	–
TUP	New	Tupperware Brands C	$492,000	–	11,926	–	0.09%	–
VZ	New	Verizon Communicati	$493,000	–	9,800	–	0.09%	–
APLE	New	Apple Hospitality R	$486,000	–	27,181	–	0.09%	–
ALE	New	Allete Inc.	$484,000	–	6,249	–	0.09%	–
GOOGL	New	Alphabet Inc. (Cl A	$477,000	–	422	–	0.09%	–
DRQ	New	Dril-Quip Inc.	$465,000	–	9,049	–	0.09%	–
BX	New	THE BLACKSTONE GROU	$466,000	–	14,481	–	0.09%	–
SIGI	New	Selective Insurance	$459,000	–	8,346	–	0.09%	–
QCOM	New	QUALCOMM Inc.	$452,000	–	8,057	–	0.08%	–
UTX	New	United Technologies	$451,000	–	3,610	–	0.08%	–
LPI	New	Laredo Petroleum	$449,000	–	46,646	–	0.08%	–
SWM	New	Schweitzer-Mauduit	$443,000	–	10,129	–	0.08%	–
IPHS	New	Innophos Holdings I	$435,000	–	9,149	–	0.08%	–
NHI	New	National Health Inv	$428,000	–	5,809	–	0.08%	–
INT	New	World Fuel Services	$426,000	–	20,861	–	0.08%	–
FFG	New	FBL Financial Group	$422,000	–	5,356	–	0.08%	–
LSI	New	Life Storage	$424,000	–	4,359	–	0.08%	–
ACN	New	Accenture Plc	$425,000	–	2,600	–	0.08%	–
CTB	New	Cooper Tire & Rubbe	$417,000	–	15,843	–	0.08%	–
GLW	New	Corning Inc.	$414,000	–	15,037	–	0.08%	–
LNC	New	Lincoln National Co	$413,000	–	6,637	–	0.08%	–
FDX	New	FedEx Corp.	$402,000	–	1,772	–	0.08%	–
HCI	New	HCI Group Inc	$401,000	–	9,655	–	0.08%	–
BGCP	New	BGC Partners Inc. (	$398,000	–	35,193	–	0.07%	–
DCOM	New	Dime Community Banc	$363,000	–	18,619	–	0.07%	–
HAIN	New	Hain Celestial Grou	$354,000	–	11,872	–	0.07%	–
EPR	New	Entertainment Prope	$340,000	–	5,246	–	0.06%	–
URI	New	United Rentals Inc.	$336,000	–	2,278	–	0.06%	–
MRK	New	Merck & Co Inc	$328,000	–	5,400	–	0.06%	–
KR	New	Kroger Co.	$315,000	–	11,060	–	0.06%	–
COO	New	Cooper Cos.	$316,000	–	1,340	–	0.06%	–
GNTX	New	Gentex Corp.	$281,000	–	12,221	–	0.05%	–
PLD	New	ProLogis Inc.	$275,000	–	4,188	–	0.05%	–
CMA	New	Comerica Inc.	$260,000	–	2,855	–	0.05%	–
HUM	New	Humana Inc.	$253,000	–	850	–	0.05%	–
LXP	New	Lexington Realty Tr	$253,000	–	28,964	–	0.05%	–
HD	New	Home Depot Inc.	$244,000	–	1,251	–	0.05%	–
CMI	New	Cummins Inc.	$249,000	–	1,870	–	0.05%	–
PNW	New	Pinnacle West Capit	$226,000	–	2,807	–	0.04%	–
FB	New	FACEBOOK INC CL A	$225,000	–	1,159	–	0.04%	–
ON	New	ON Semiconductor Co	$225,000	–	10,100	–	0.04%	–

Q4 2017

			Value		Shares		↓ Weighting
PNW	Exit	Pinnacle West Capit	$0	–	-2,449	–	-0.03%	–
ALB	Exit	Albemarle Corp.	$0	–	-1,600	–	-0.03%	–
CMA	Exit	Comerica Inc.	$0	–	-2,855	–	-0.03%	–
HUM	Exit	Humana Inc.	$0	–	-950	–	-0.03%	–
NTGR	Exit	NETGEAR Inc.	$0	–	-4,809	–	-0.03%	–
GNTX	Exit	Gentex Corp.	$0	–	-12,221	–	-0.03%	–
LXP	Exit	Lexington Realty Tr	$0	–	-24,038	–	-0.04%	–
TSN	Exit	Tyson Foods Inc. (C	$0	–	-3,674	–	-0.04%	–
PKG	Exit	Packaging Corp. of	$0	–	-2,355	–	-0.04%	–
PCAR	Exit	Paccar Inc.	$0	–	-3,652	–	-0.04%	–
PLD	Exit	ProLogis Inc.	$0	–	-4,188	–	-0.04%	–
URI	Exit	United Rentals Inc.	$0	–	-2,000	–	-0.04%	–
EPR	Exit	Entertainment Prope	$0	–	-3,981	–	-0.04%	–
UEIC	Exit	Universal Electroni	$0	–	-4,434	–	-0.04%	–
ACETQ	Exit	Aceto Corp.	$0	–	-25,300	–	-0.04%	–
INGR	Exit	Ingredion Incorpora	$0	–	-2,512	–	-0.04%	–
KR	Exit	Kroger Co.	$0	–	-15,020	–	-0.04%	–
HCI	Exit	HCI Group Inc	$0	–	-7,998	–	-0.04%	–
AGN	Exit	Allergan Inc.	$0	–	-1,556	–	-0.04%	–
CMI	Exit	Cummins Inc.	$0	–	-1,890	–	-0.04%	–
COO	Exit	Cooper Cos.	$0	–	-1,340	–	-0.04%	–
DCOM	Exit	Dime Community Banc	$0	–	-15,468	–	-0.05%	–
FFG	Exit	FBL Financial Group	$0	–	-4,442	–	-0.05%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-8,408	–	-0.05%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-4,254	–	-0.05%	–
ACN	Exit	Accenture Plc	$0	–	-2,600	–	-0.05%	–
SCSC	Exit	ScanSource Inc.	$0	–	-8,225	–	-0.05%	–
OHI	Exit	Omega Healthcare In	$0	–	-12,212	–	-0.06%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-7,665	–	-0.06%	–
ARRS	Exit	Arris International	$0	–	-13,723	–	-0.06%	–
SYNA	Exit	Synaptics Inc.	$0	–	-10,101	–	-0.06%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-20,754	–	-0.06%	–
DRQ	Exit	Dril-Quip Inc.	$0	–	-8,868	–	-0.06%	–
SAM	Exit	Boston Beer Co. (Cl	$0	–	-2,547	–	-0.06%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-17,741	–	-0.06%	–
EFSC	Exit	Enterprise Finc'l S	$0	–	-9,669	–	-0.06%	–
INT	Exit	World Fuel Services	$0	–	-11,930	–	-0.06%	–
HTLF	Exit	Heartland Financial	$0	–	-8,269	–	-0.06%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-430	–	-0.06%	–
BGCP	Exit	BGC Partners Inc. (	$0	–	-29,200	–	-0.06%	–
APLE	Exit	Apple Hospitality R	$0	–	-23,482	–	-0.06%	–
GLW	Exit	Corning Inc.	$0	–	-15,320	–	-0.06%	–
BRKL	Exit	Brookline Bancorp I	$0	–	-29,651	–	-0.06%	–
ATRO	Exit	Astronics Corp.	$0	–	-15,307	–	-0.06%	–
TCF	Exit	TCF Financial Corp.	$0	–	-26,876	–	-0.06%	–
AGM	Exit	Federal Agricultura	$0	–	-6,246	–	-0.06%	–
BKH	Exit	Black Hills Corp.	$0	–	-6,591	–	-0.06%	–
CLI	Exit	Mack-Cali Realty Co	$0	–	-19,178	–	-0.06%	–
NCI	Exit	Navigant Consulting	$0	–	-27,078	–	-0.06%	–
HOPE	Exit	Hope Bancorp Inc.	$0	–	-26,516	–	-0.07%	–
UTX	Exit	United Technologies	$0	–	-4,083	–	-0.07%	–
STX	Exit	Seagate Technology	$0	–	-14,195	–	-0.07%	–
AZO	Exit	AutoZone Inc.	$0	–	-804	–	-0.07%	–
IBKC	Exit	IBERIABANK Corp.	$0	–	-5,794	–	-0.07%	–
MRK	Exit	Merck & Co Inc	$0	–	-7,500	–	-0.07%	–
SIGI	Exit	Selective Insurance	$0	–	-8,891	–	-0.07%	–
CNP	Exit	CenterPoint Energy	$0	–	-16,680	–	-0.07%	–
MBFI	Exit	MB Financial Inc.	$0	–	-10,747	–	-0.07%	–
DK	Exit	Delek US Holdings I	$0	–	-18,263	–	-0.07%	–
ASGN	Exit	On Assignment Inc.	$0	–	-9,206	–	-0.07%	–
WCC	Exit	Wesco International	$0	–	-8,449	–	-0.07%	–
CTB	Exit	Cooper Tire & Rubbe	$0	–	-13,127	–	-0.07%	–
VZ	Exit	Verizon Communicati	$0	–	-10,050	–	-0.07%	–
THRM	Exit	Gentherm Incorporat	$0	–	-13,480	–	-0.07%	–
CATY	Exit	Cathay General Banc	$0	–	-12,468	–	-0.07%	–
IOSP	Exit	Innospec Inc	$0	–	-8,220	–	-0.07%	–
DLX	Exit	Deluxe Corp.	$0	–	-7,054	–	-0.07%	–
NP	Exit	Neenah Paper Inc.	$0	–	-6,074	–	-0.07%	–
BKU	Exit	BankUnited Inc	$0	–	-14,721	–	-0.07%	–
WNS	Exit	WNS Holdings	$0	–	-14,428	–	-0.08%	–
AAN	Exit	Aaron's Inc.	$0	–	-12,185	–	-0.08%	–
LNC	Exit	Lincoln National Co	$0	–	-7,547	–	-0.08%	–
BX	Exit	THE BLACKSTONE GROU	$0	–	-16,855	–	-0.08%	–
JLL	Exit	Jones Lang LaSalle	$0	–	-4,610	–	-0.08%	–
FNB	Exit	F.N.B. Corp.	$0	–	-40,666	–	-0.08%	–
IDA	Exit	IDACORP Inc.	$0	–	-6,607	–	-0.08%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-11,042	–	-0.08%	–
AET	Exit	Aetna Inc.	$0	–	-3,750	–	-0.08%	–
DIS	Exit	Walt Disney Co.	$0	–	-6,165	–	-0.09%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-6,236	–	-0.09%	–
TEN	Exit	Tenneco Inc.	$0	–	-10,166	–	-0.09%	–
NEE	Exit	NextEra Energy Inc	$0	–	-4,278	–	-0.09%	–
LRCX	Exit	Lam Research Corp.	$0	–	-3,402	–	-0.09%	–
ENS	Exit	EnerSys Inc.	$0	–	-9,217	–	-0.09%	–
GE	Exit	General Electric Co	$0	–	-26,793	–	-0.09%	–
WBA	Exit	Walgreen Boots Alli	$0	–	-8,545	–	-0.09%	–
CELG	Exit	Celgene Corp.	$0	–	-4,655	–	-0.10%	–
AMN	Exit	AMN Healthcare Serv	$0	–	-14,844	–	-0.10%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-8,540	–	-0.10%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-728	–	-0.10%	–
PCLN	Exit	priceline.com Inc.	$0	–	-386	–	-0.10%	–
EVR	Exit	Evercore Partners I	$0	–	-8,794	–	-0.10%	–
ABBV	Exit	Abbvie Inc	$0	–	-8,250	–	-0.10%	–
GBX	Exit	Greenbrier Cos.	$0	–	-15,587	–	-0.11%	–
IIVI	Exit	II-VI Inc.	$0	–	-18,251	–	-0.11%	–
BDC	Exit	Belden Inc.	$0	–	-9,626	–	-0.11%	–
BA	Exit	Boeing Co.	$0	–	-3,283	–	-0.12%	–
HAIN	Exit	Hain Celestial Grou	$0	–	-20,612	–	-0.12%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,310	–	-0.15%	–
V	Exit	Visa Inc.	$0	–	-10,635	–	-0.16%	–
THO	Exit	Thor Industries Inc	$0	–	-9,309	–	-0.17%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-12,795	–	-0.17%	–
PEP	Exit	PepsiCo Inc.	$0	–	-11,233	–	-0.18%	–
LOW	Exit	Lowe's Cos.	$0	–	-16,045	–	-0.18%	–
MCD	Exit	McDonald's Corp.	$0	–	-11,350	–	-0.25%	–
ESV	Exit	ENSCO International	$0	–	-502,560	–	-0.43%	–
BHF	Exit	Brighthouse Financi	$0	–	-112,975	–	-0.98%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-78,035	–	-1.16%	–
BEN	Exit	Franklin Resources	$0	–	-196,161	–	-1.24%	–
GD	Exit	General Dynamics Co	$0	–	-46,641	–	-1.36%	–
VFC	Exit	VF Corp.	$0	–	-153,631	–	-1.39%	–
FLR	Exit	Fluor Corp.	$0	–	-235,873	–	-1.41%	–
OXY	Exit	Occidental Petroleu	$0	–	-155,435	–	-1.42%	–
NWL	Exit	Newell Rubbermaid I	$0	–	-237,867	–	-1.44%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-384,643	–	-1.45%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-755,033	–	-1.46%	–
RPM	Exit	RPM International I	$0	–	-218,467	–	-1.59%	–
BAC	Exit	Bank of America Cor	$0	–	-454,191	–	-1.64%	–
CSL	Exit	Carlisle Cos.	$0	–	-115,883	–	-1.65%	–
ALL	Exit	Allstate Corp.	$0	–	-126,653	–	-1.65%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-304,530	–	-1.66%	–
SNA	Exit	Snap-On Inc.	$0	–	-85,380	–	-1.81%	–
ED	Exit	Consolidated Edison	$0	–	-158,003	–	-1.81%	–
MA	Exit	MasterCard Inc. (Cl	$0	–	-91,220	–	-1.83%	–
KSS	Exit	Kohl's Corp.	$0	–	-283,203	–	-1.84%	–
GS	Exit	Goldman Sachs Group	$0	–	-54,651	–	-1.84%	–
MCK	Exit	McKesson Corp.	$0	–	-84,737	–	-1.85%	–
IBM	Exit	International Busin	$0	–	-91,208	–	-1.88%	–
ADM	Exit	Archer Daniels Midl	$0	–	-311,427	–	-1.88%	–
LEA	Exit	Lear Corp.	$0	–	-76,533	–	-1.88%	–
PEG	Exit	Public Service Ente	$0	–	-288,872	–	-1.90%	–
DVN	Exit	Devon Energy Corp.	$0	–	-369,580	–	-1.93%	–
BRKB	Exit	BERKSHIRE HATHAWAY	$0	–	-74,689	–	-1.94%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-724,491	–	-1.95%	–
WHR	Exit	Whirlpool Corp.	$0	–	-74,451	–	-1.95%	–
NUE	Exit	Nucor Corp.	$0	–	-246,503	–	-1.96%	–
COF	Exit	Capital One Financi	$0	–	-164,446	–	-1.98%	–
AIG	Exit	American Int'l Grou	$0	–	-228,997	–	-2.00%	–
AMAT	Exit	Applied Materials I	$0	–	-270,413	–	-2.00%	–
ETR	Exit	Entergy Corp.	$0	–	-187,696	–	-2.04%	–
HIG	Exit	Hartford Financial	$0	–	-258,759	–	-2.04%	–
HCA	Exit	HCA Healthcare, INC	$0	–	-181,688	–	-2.06%	–
AAPL	Exit	Apple Inc.	$0	–	-95,886	–	-2.10%	–
UNH	Exit	UnitedHealth Group	$0	–	-75,456	–	-2.10%	–
INTC	Exit	Intel Corp.	$0	–	-394,411	–	-2.13%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-184,985	–	-2.14%	–
PFE	Exit	Pfizer Inc.	$0	–	-422,536	–	-2.14%	–
C	Exit	Citigroup Inc.	$0	–	-207,847	–	-2.15%	–
COP	Exit	ConocoPhillips	$0	–	-314,322	–	-2.24%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-474,809	–	-2.27%	–
STT	Exit	State Street Corp.	$0	–	-170,298	–	-2.31%	–
MET	Exit	MetLife Inc.	$0	–	-314,225	–	-2.32%	–
JNJ	Exit	Johnson & Johnson	$0	–	-128,661	–	-2.38%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-265,241	–	-2.40%	–
CVX	Exit	Chevron Corp.	$0	–	-195,474	–	-3.26%	–

Q3 2017

			Value		Shares		↓ Weighting
CVX	Sell	Chevron Corp.	$22,968,000	+7.2%	195,474	-4.8%	3.26%	+8.4%
BMY	Sell	Bristol-Myers Squib	$16,906,000	-5.0%	265,241	-16.9%	2.40%	-3.9%
JNJ	Sell	Johnson & Johnson	$16,727,000	-6.6%	128,661	-4.9%	2.38%	-5.5%
MET	Sell	MetLife Inc.	$16,324,000	-9.6%	314,225	-4.4%	2.32%	-8.6%
STT	Sell	State Street Corp.	$16,270,000	-11.9%	170,298	-17.3%	2.31%	-10.9%
CSCO	Sell	Cisco Systems Inc.	$15,968,000	+2.1%	474,809	-4.9%	2.27%	+3.3%
COP	Sell	ConocoPhillips	$15,732,000	+7.8%	314,322	-5.3%	2.24%	+9.0%
C	Sell	Citigroup Inc.	$15,119,000	-17.9%	207,847	-24.5%	2.15%	-16.9%
PFE	Buy	Pfizer Inc.	$15,085,000	+65.5%	422,536	+55.7%	2.14%	+67.3%
CVS	Sell	CVS Caremark Corp.	$15,043,000	-3.7%	184,985	-4.7%	2.14%	-2.6%
INTC	Sell	Intel Corp.	$15,019,000	+8.0%	394,411	-4.3%	2.13%	+9.2%
UNH	Sell	UnitedHealth Group	$14,778,000	-12.9%	75,456	-17.5%	2.10%	-11.9%
AAPL	Sell	Apple Inc.	$14,778,000	+1.7%	95,886	-5.0%	2.10%	+2.8%
HCA	Buy	HCA Healthcare, INC	$14,461,000	-7.6%	181,688	+1.2%	2.06%	-6.5%
HIG	Sell	Hartford Financial	$14,343,000	-8.2%	258,759	-12.9%	2.04%	-7.2%
ETR	Sell	Entergy Corp.	$14,332,000	-5.8%	187,696	-5.3%	2.04%	-4.7%
AMAT	Sell	Applied Materials I	$14,086,000	+11.2%	270,413	-11.8%	2.00%	+12.4%
AIG	Sell	American Int'l Grou	$14,058,000	-7.6%	228,997	-5.9%	2.00%	-6.5%
COF	Buy	Capital One Financi	$13,922,000	+9.0%	164,446	+6.4%	1.98%	+10.3%
NUE	Sell	Nucor Corp.	$13,814,000	-8.0%	246,503	-5.0%	1.96%	-7.0%
WHR	Buy	Whirlpool Corp.	$13,732,000	-1.4%	74,451	+2.4%	1.95%	-0.3%
LUMN	Buy	CenturyLink Inc.	$13,693,000	-13.1%	724,491	+9.7%	1.95%	-12.1%
BRKB	Sell	BERKSHIRE HATHAWAY	$13,692,000	+3.6%	74,689	-4.3%	1.94%	+4.7%
DVN	Buy	Devon Energy Corp.	$13,567,000	+18.6%	369,580	+3.3%	1.93%	+20.0%
PEG	Sell	Public Service Ente	$13,360,000	+2.9%	288,872	-4.3%	1.90%	+4.1%
LEA	Sell	Lear Corp.	$13,246,000	-12.5%	76,533	-28.2%	1.88%	-11.5%
ADM	Sell	Archer Daniels Midl	$13,239,000	-8.8%	311,427	-11.3%	1.88%	-7.8%
IBM	Buy	International Busin	$13,232,000	+15.1%	91,208	+22.1%	1.88%	+16.4%
MCK	Sell	McKesson Corp.	$13,016,000	-11.0%	84,737	-4.7%	1.85%	-10.0%
GS	Sell	Goldman Sachs Group	$12,963,000	-0.1%	54,651	-6.5%	1.84%	+1.1%
KSS	Buy	Kohl's Corp.	$12,928,000	+18.8%	283,203	+0.7%	1.84%	+20.2%
MA	Sell	MasterCard Inc. (Cl	$12,880,000	-3.0%	91,220	-16.5%	1.83%	-1.9%
ED	Sell	Consolidated Edison	$12,748,000	-5.5%	158,003	-5.3%	1.81%	-4.4%
SNA	Sell	Snap-On Inc.	$12,722,000	-9.8%	85,380	-4.4%	1.81%	-8.8%
CMCSA	Sell	Comcast Corp. (Cl A	$11,718,000	-5.2%	304,530	-4.1%	1.66%	-4.1%
ALL	Sell	Allstate Corp.	$11,641,000	-12.8%	126,653	-16.1%	1.65%	-11.8%
CSL	Buy	Carlisle Cos.	$11,622,000	+45.1%	115,883	+38.0%	1.65%	+46.8%
BAC	Sell	Bank of America Cor	$11,509,000	-17.0%	454,191	-20.6%	1.64%	-16.1%
RPM	Buy	RPM International I	$11,216,000	-4.3%	218,467	+1.7%	1.59%	-3.2%
MRO	Sell	Marathon Oil Corp.	$10,238,000	+8.7%	755,033	-5.0%	1.46%	+10.0%
MUR	Sell	Murphy Oil Corp.	$10,216,000	-1.2%	384,643	-4.7%	1.45%	-0.1%
NWL	Buy	Newell Rubbermaid I	$10,150,000	+54.0%	237,867	+93.5%	1.44%	+55.7%
OXY	Sell	Occidental Petroleu	$9,980,000	+2.1%	155,435	-4.8%	1.42%	+3.3%
FLR	Sell	Fluor Corp.	$9,930,000	-13.1%	235,873	-5.5%	1.41%	-12.1%
VFC	Sell	VF Corp.	$9,766,000	-30.6%	153,631	-37.1%	1.39%	-29.8%
GD	Sell	General Dynamics Co	$9,588,000	-1.0%	46,641	-4.6%	1.36%	+0.1%
BEN	Sell	Franklin Resources	$8,731,000	-5.8%	196,161	-5.2%	1.24%	-4.7%
SJM	New	J.M. Smucker Co.	$8,188,000	–	78,035	–	1.16%	–
BHF	New	Brighthouse Financi	$6,869,000	–	112,975	–	0.98%	–
ESV	Sell	ENSCO International	$3,000,000	+11.3%	502,560	-3.8%	0.43%	+12.4%
LOW	Buy	Lowe's Cos.	$1,283,000	+15.5%	16,045	+12.0%	0.18%	+16.7%
JPM	Sell	JPMorgan Chase & Co	$1,222,000	+4.1%	12,795	-0.4%	0.17%	+5.5%
THO	Sell	Thor Industries Inc	$1,172,000	+0.3%	9,309	-16.8%	0.17%	+1.8%
HAIN	Sell	Hain Celestial Grou	$848,000	-3.3%	20,612	-8.8%	0.12%	-2.4%
BA	Sell	Boeing Co.	$835,000	+15.0%	3,283	-10.6%	0.12%	+16.7%
BDC	Sell	Belden Inc.	$775,000	-3.5%	9,626	-9.6%	0.11%	-2.7%
GBX	Sell	Greenbrier Cos.	$751,000	-7.7%	15,587	-11.5%	0.11%	-6.1%
IIVI	Sell	II-VI Inc.	$751,000	+7.3%	18,251	-10.6%	0.11%	+9.2%
ABBV	Sell	Abbvie Inc	$733,000	+21.4%	8,250	-1.0%	0.10%	+22.4%
EVR	Sell	Evercore Partners I	$706,000	-7.5%	8,794	-18.7%	0.10%	-6.5%
AMN	Sell	AMN Healthcare Serv	$678,000	+3.7%	14,844	-11.4%	0.10%	+4.3%
CELG	Sell	Celgene Corp.	$679,000	+9.2%	4,655	-2.8%	0.10%	+10.3%
RBC	Sell	Regal-Beloit Corp.	$675,000	-13.2%	8,540	-10.5%	0.10%	-11.9%
WBA	Buy	Walgreen Boots Alli	$660,000	-0.2%	8,545	+1.2%	0.09%	+1.1%
GE	Buy	General Electric Co	$648,000	-8.2%	26,793	+2.5%	0.09%	-7.1%
ENS	Sell	EnerSys Inc.	$638,000	-6.0%	9,217	-1.7%	0.09%	-4.2%
LRCX	Sell	Lam Research Corp.	$630,000	+25.0%	3,402	-4.5%	0.09%	+26.8%
TEN	Sell	Tenneco Inc.	$617,000	-8.3%	10,166	-12.7%	0.09%	-7.4%
HELE	Sell	Helen of Troy Corp.	$604,000	-8.3%	6,236	-10.9%	0.09%	-7.5%
CRUS	Sell	Cirrus Logic Inc.	$589,000	-23.8%	11,042	-10.4%	0.08%	-22.9%
IDA	Sell	IDACORP Inc.	$581,000	-8.5%	6,607	-11.1%	0.08%	-6.7%
FNB	Sell	F.N.B. Corp.	$571,000	-12.2%	40,666	-11.4%	0.08%	-11.0%
JLL	Sell	Jones Lang LaSalle	$569,000	-17.8%	4,610	-16.7%	0.08%	-16.5%
BX	Sell	THE BLACKSTONE GROU	$562,000	-1.7%	16,855	-1.7%	0.08%	0.0%
LNC	Sell	Lincoln National Co	$555,000	+0.7%	7,547	-7.4%	0.08%	+2.6%
AAN	Sell	Aaron's Inc.	$532,000	-24.9%	12,185	-33.1%	0.08%	-23.2%
WNS	Sell	WNS Holdings	$527,000	-11.4%	14,428	-16.7%	0.08%	-10.7%
BKU	Sell	BankUnited Inc	$524,000	+3.8%	14,721	-1.8%	0.07%	+4.2%
NP	Sell	Neenah Paper Inc.	$520,000	-11.1%	6,074	-16.6%	0.07%	-9.8%
DLX	Sell	Deluxe Corp.	$515,000	-12.3%	7,054	-16.9%	0.07%	-11.0%
IOSP	Sell	Innospec Inc	$507,000	-17.7%	8,220	-12.5%	0.07%	-17.2%
CATY	Sell	Cathay General Banc	$501,000	-12.0%	12,468	-16.8%	0.07%	-11.2%
VZ	Sell	Verizon Communicati	$497,000	+5.3%	10,050	-4.8%	0.07%	+7.6%
THRM	Sell	Gentherm Incorporat	$501,000	-15.8%	13,480	-12.1%	0.07%	-15.5%
WCC	Sell	Wesco International	$492,000	-11.2%	8,449	-12.6%	0.07%	-10.3%
ASGN	Sell	On Assignment Inc.	$494,000	-17.7%	9,206	-16.9%	0.07%	-16.7%
CTB	Sell	Cooper Tire & Rubbe	$491,000	-13.9%	13,127	-16.8%	0.07%	-12.5%
MBFI	Sell	MB Financial Inc.	$484,000	-10.0%	10,747	-12.1%	0.07%	-9.2%
CNP	Sell	CenterPoint Energy	$487,000	+5.9%	16,680	-0.7%	0.07%	+6.2%
DK	Sell	Delek US Holdings I	$488,000	-11.3%	18,263	-12.2%	0.07%	-10.4%
MRK	Sell	Merck & Co Inc	$480,000	-4.0%	7,500	-3.8%	0.07%	-2.9%
IBKC	Sell	IBERIABANK Corp.	$476,000	-16.2%	5,794	-16.8%	0.07%	-15.0%
SIGI	Sell	Selective Insurance	$479,000	-10.5%	8,891	-16.8%	0.07%	-9.3%
AZO	Buy	AutoZone Inc.	$478,000	+6.0%	804	+1.8%	0.07%	+7.9%
HOPE	Sell	Hope Bancorp Inc.	$470,000	-16.7%	26,516	-12.3%	0.07%	-15.2%
STX	Buy	Seagate Technology	$471,000	+54.9%	14,195	+81.2%	0.07%	+55.8%
BKH	Sell	Black Hills Corp.	$454,000	-15.1%	6,591	-16.9%	0.06%	-13.3%
AGM	Sell	Federal Agricultura	$454,000	-2.8%	6,246	-13.6%	0.06%	-1.5%
CLI	Sell	Mack-Cali Realty Co	$455,000	-21.8%	19,178	-10.6%	0.06%	-20.7%
GLW	Sell	Corning Inc.	$458,000	-0.7%	15,320	-0.1%	0.06%	0.0%
NCI	Buy	Navigant Consulting	$458,000	+19.9%	27,078	+40.1%	0.06%	+20.4%
BRKL	Sell	Brookline Bancorp I	$460,000	-11.7%	29,651	-16.9%	0.06%	-11.0%
TCF	Buy	TCF Financial Corp.	$458,000	+36.3%	26,876	+27.5%	0.06%	+38.3%
ATRO	Sell	Astronics Corp.	$455,000	-14.5%	15,307	-12.3%	0.06%	-13.3%
APLE	Sell	Apple Hospitality R	$444,000	-11.0%	23,482	-11.9%	0.06%	-10.0%
BGCP	Sell	BGC Partners Inc. (	$423,000	-4.7%	29,200	-16.8%	0.06%	-3.2%
INT	Sell	World Fuel Services	$405,000	-26.6%	11,930	-16.9%	0.06%	-25.6%
EFSC	Sell	Enterprise Finc'l S	$409,000	-13.7%	9,669	-16.8%	0.06%	-13.4%
HTLF	Sell	Heartland Financial	$408,000	-12.8%	8,269	-16.9%	0.06%	-12.1%
ENSG	Sell	Ensign Group Inc.	$401,000	-13.6%	17,741	-16.8%	0.06%	-12.3%
SAM	Sell	Boston Beer Co. (Cl	$398,000	-1.5%	2,547	-16.7%	0.06%	0.0%
DRQ	Sell	Dril-Quip Inc.	$392,000	-18.7%	8,868	-10.2%	0.06%	-17.6%
SYNA	Sell	Synaptics Inc.	$396,000	-34.8%	10,101	-13.9%	0.06%	-34.1%
ARRS	Sell	Arris International	$391,000	-12.3%	13,723	-13.8%	0.06%	-11.1%
QCOM	Buy	QUALCOMM Inc.	$397,000	-5.0%	7,665	+1.3%	0.06%	-5.1%
CTRE	Sell	CareTrust REIT, Inc	$395,000	-14.7%	20,754	-16.9%	0.06%	-13.8%
OHI	Sell	Omega Healthcare In	$390,000	-17.7%	12,212	-14.9%	0.06%	-17.9%
SCSC	Sell	ScanSource Inc.	$359,000	-9.8%	8,225	-16.8%	0.05%	-8.9%
SWM	Sell	Schweitzer-Mauduit	$349,000	-7.2%	8,408	-16.8%	0.05%	-5.7%
DCOM	Sell	Dime Community Banc	$333,000	-8.5%	15,468	-16.7%	0.05%	-7.8%
FFG	Sell	FBL Financial Group	$331,000	+0.6%	4,442	-16.9%	0.05%	+2.2%
CMI	Buy	Cummins Inc.	$318,000	+7.4%	1,890	+3.6%	0.04%	+7.1%
AGN	Buy	Allergan Inc.	$319,000	-14.2%	1,556	+1.7%	0.04%	-13.5%
HCI	Buy	HCI Group Inc	$306,000	+15.5%	7,998	+42.0%	0.04%	+16.2%
EPR	Sell	Entertainment Prope	$278,000	-16.5%	3,981	-14.1%	0.04%	-14.9%
UEIC	Sell	Universal Electroni	$281,000	-21.3%	4,434	-16.9%	0.04%	-20.0%
ACETQ	Sell	Aceto Corp.	$284,000	-39.4%	25,300	-16.7%	0.04%	-39.4%
PKG	Sell	Packaging Corp. of	$270,000	-44.3%	2,355	-45.9%	0.04%	-44.1%
LXP	Sell	Lexington Realty Tr	$246,000	-14.0%	24,038	-16.8%	0.04%	-12.5%
NTGR	Sell	NETGEAR Inc.	$229,000	-8.0%	4,809	-16.8%	0.03%	-5.7%
ALB	New	Albemarle Corp.	$218,000	–	1,600	–	0.03%	–
ZBH	Exit	Zimmer Biomet Holdi	$0	–	-1,595	–	-0.03%	–
SXT	Exit	Sensient Technologi	$0	–	-3,068	–	-0.04%	–
	Exit	FIDELITY ADVISOR LA	$0	–	-9,089	–	-0.04%	–
OFG	Exit	Oriental Financial	$0	–	-37,845	–	-0.05%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-34,866	–	-0.32%	–
CL	Exit	Colgate-Palmolive C	$0	–	-85,010	–	-0.88%	–

Q2 2017

			Value		Shares		↓ Weighting
CVX	New	Chevron Corp.	$21,432,000	–	205,424	–	3.01%	–
STT	New	State Street Corp.	$18,468,000	–	205,813	–	2.60%	–
C	New	Citigroup Inc.	$18,409,000	–	275,248	–	2.59%	–
MET	New	MetLife Inc.	$18,067,000	–	328,845	–	2.54%	–
JNJ	New	Johnson & Johnson	$17,903,000	–	135,331	–	2.52%	–
BMY	New	Bristol-Myers Squib	$17,792,000	–	319,315	–	2.50%	–
UNH	New	UnitedHealth Group	$16,961,000	–	91,471	–	2.38%	–
LUMN	New	CenturyLink Inc.	$15,764,000	–	660,129	–	2.22%	–
HCA	New	HCA Healthcare, INC	$15,655,000	–	179,526	–	2.20%	–
CSCO	New	Cisco Systems Inc.	$15,633,000	–	499,467	–	2.20%	–
CVS	New	CVS Caremark Corp.	$15,625,000	–	194,192	–	2.20%	–
HIG	New	Hartford Financial	$15,626,000	–	297,239	–	2.20%	–
ETR	New	Entergy Corp.	$15,209,000	–	198,115	–	2.14%	–
AIG	New	American Int'l Grou	$15,207,000	–	243,234	–	2.14%	–
LEA	New	Lear Corp.	$15,138,000	–	106,545	–	2.13%	–
NUE	New	Nucor Corp.	$15,020,000	–	259,541	–	2.11%	–
MCK	New	McKesson Corp.	$14,628,000	–	88,903	–	2.06%	–
COP	New	ConocoPhillips	$14,593,000	–	331,954	–	2.05%	–
AAPL	New	Apple Inc.	$14,532,000	–	100,904	–	2.04%	–
ADM	New	Archer Daniels Midl	$14,523,000	–	350,959	–	2.04%	–
SNA	New	Snap-On Inc.	$14,108,000	–	89,290	–	1.98%	–
VFC	New	VF Corp.	$14,063,000	–	244,151	–	1.98%	–
WHR	New	Whirlpool Corp.	$13,930,000	–	72,695	–	1.96%	–
INTC	New	Intel Corp.	$13,909,000	–	412,230	–	1.95%	–
BAC	New	Bank of America Cor	$13,874,000	–	571,899	–	1.95%	–
ED	New	Consolidated Edison	$13,483,000	–	166,830	–	1.89%	–
ALL	New	Allstate Corp.	$13,353,000	–	150,982	–	1.88%	–
MA	New	MasterCard Inc. (Cl	$13,272,000	–	109,282	–	1.86%	–
BRKB	New	BERKSHIRE HATHAWAY	$13,219,000	–	78,051	–	1.86%	–
PEG	New	Public Service Ente	$12,987,000	–	301,953	–	1.82%	–
GS	New	Goldman Sachs Group	$12,971,000	–	58,456	–	1.82%	–
COF	New	Capital One Financi	$12,768,000	–	154,534	–	1.79%	–
AMAT	New	Applied Materials I	$12,671,000	–	306,732	–	1.78%	–
CMCSA	New	Comcast Corp. (Cl A	$12,360,000	–	317,578	–	1.74%	–
RPM	New	RPM International I	$11,719,000	–	214,832	–	1.65%	–
IBM	New	International Busin	$11,494,000	–	74,717	–	1.62%	–
DVN	New	Devon Energy Corp.	$11,440,000	–	357,830	–	1.61%	–
FLR	New	Fluor Corp.	$11,427,000	–	249,616	–	1.60%	–
KSS	New	Kohl's Corp.	$10,879,000	–	281,319	–	1.53%	–
MUR	New	Murphy Oil Corp.	$10,342,000	–	403,519	–	1.45%	–
OXY	New	Occidental Petroleu	$9,772,000	–	163,221	–	1.37%	–
GD	New	General Dynamics Co	$9,682,000	–	48,876	–	1.36%	–
MRO	New	Marathon Oil Corp.	$9,416,000	–	794,577	–	1.32%	–
BEN	New	Franklin Resources	$9,267,000	–	206,903	–	1.30%	–
PFE	New	Pfizer Inc.	$9,117,000	–	271,419	–	1.28%	–
CSL	New	Carlisle Cos.	$8,008,000	–	83,945	–	1.12%	–
NWL	New	Newell Rubbermaid I	$6,593,000	–	122,960	–	0.93%	–
CL	New	Colgate-Palmolive C	$6,302,000	–	85,010	–	0.88%	–
ESV	New	ENSCO International	$2,696,000	–	522,531	–	0.38%	–
EFA	New	I SHARES TR MSCI EA	$2,273,000	–	34,866	–	0.32%	–
MCD	New	McDonald's Corp.	$1,738,000	–	11,350	–	0.24%	–
PEP	New	PepsiCo Inc.	$1,297,000	–	11,233	–	0.18%	–
JPM	New	JPMorgan Chase & Co	$1,174,000	–	12,845	–	0.16%	–
THO	New	Thor Industries Inc	$1,169,000	–	11,187	–	0.16%	–
LOW	New	Lowe's Cos.	$1,111,000	–	14,325	–	0.16%	–
V	New	Visa Inc.	$997,000	–	10,635	–	0.14%	–
BLK	New	Blackrock Inc.	$976,000	–	2,310	–	0.14%	–
HAIN	New	Hain Celestial Grou	$877,000	–	22,603	–	0.12%	–
GBX	New	Greenbrier Cos.	$814,000	–	17,607	–	0.11%	–
BDC	New	Belden Inc.	$803,000	–	10,643	–	0.11%	–
CRUS	New	Cirrus Logic Inc.	$773,000	–	12,319	–	0.11%	–
RBC	New	Regal-Beloit Corp.	$778,000	–	9,538	–	0.11%	–
EVR	New	Evercore Partners I	$763,000	–	10,819	–	0.11%	–
BA	New	Boeing Co.	$726,000	–	3,672	–	0.10%	–
PCLN	New	priceline.com Inc.	$722,000	–	386	–	0.10%	–
AAN	New	Aaron's Inc.	$708,000	–	18,205	–	0.10%	–
GE	New	General Electric Co	$706,000	–	26,143	–	0.10%	–
IIVI	New	II-VI Inc.	$700,000	–	20,418	–	0.10%	–
JLL	New	Jones Lang LaSalle	$692,000	–	5,534	–	0.10%	–
ENS	New	EnerSys Inc.	$679,000	–	9,375	–	0.10%	–
TEN	New	Tenneco Inc.	$673,000	–	11,643	–	0.10%	–
GOOG	New	Alphabet Inc. (Cl C	$662,000	–	728	–	0.09%	–
HELE	New	Helen of Troy Corp.	$659,000	–	7,002	–	0.09%	–
WBA	New	Walgreen Boots Alli	$661,000	–	8,445	–	0.09%	–
DIS	New	Walt Disney Co.	$655,000	–	6,165	–	0.09%	–
AMN	New	AMN Healthcare Serv	$654,000	–	16,760	–	0.09%	–
FNB	New	F.N.B. Corp.	$650,000	–	45,888	–	0.09%	–
IDA	New	IDACORP Inc.	$635,000	–	7,435	–	0.09%	–
IOSP	New	Innospec Inc	$616,000	–	9,394	–	0.09%	–
CELG	New	Celgene Corp.	$622,000	–	4,790	–	0.09%	–
ABBV	New	Abbvie Inc	$604,000	–	8,330	–	0.08%	–
SYNA	New	Synaptics Inc.	$607,000	–	11,733	–	0.08%	–
WNS	New	WNS Holdings	$595,000	–	17,323	–	0.08%	–
NEE	New	NextEra Energy Inc	$599,000	–	4,278	–	0.08%	–
THRM	New	Gentherm Incorporat	$595,000	–	15,339	–	0.08%	–
ASGN	New	On Assignment Inc.	$600,000	–	11,082	–	0.08%	–
NP	New	Neenah Paper Inc.	$585,000	–	7,286	–	0.08%	–
CLI	New	Mack-Cali Realty Co	$582,000	–	21,442	–	0.08%	–
DLX	New	Deluxe Corp.	$587,000	–	8,487	–	0.08%	–
CATY	New	Cathay General Banc	$569,000	–	14,989	–	0.08%	–
AET	New	Aetna Inc.	$569,000	–	3,750	–	0.08%	–
IBKC	New	IBERIABANK Corp.	$568,000	–	6,968	–	0.08%	–
BX	New	THE BLACKSTONE GROU	$572,000	–	17,155	–	0.08%	–
CTB	New	Cooper Tire & Rubbe	$570,000	–	15,784	–	0.08%	–
HOPE	New	Hope Bancorp Inc.	$564,000	–	30,222	–	0.08%	–
WCC	New	Wesco International	$554,000	–	9,664	–	0.08%	–
INT	New	World Fuel Services	$552,000	–	14,354	–	0.08%	–
LNC	New	Lincoln National Co	$551,000	–	8,147	–	0.08%	–
DK	New	Delek US Holdings I	$550,000	–	20,803	–	0.08%	–
MBFI	New	MB Financial Inc.	$538,000	–	12,226	–	0.08%	–
ATRO	New	Astronics Corp.	$532,000	–	17,453	–	0.08%	–
BKH	New	Black Hills Corp.	$535,000	–	7,929	–	0.08%	–
SIGI	New	Selective Insurance	$535,000	–	10,692	–	0.08%	–
BRKL	New	Brookline Bancorp I	$521,000	–	35,682	–	0.07%	–
BKU	New	BankUnited Inc	$505,000	–	14,995	–	0.07%	–
LRCX	New	Lam Research Corp.	$504,000	–	3,562	–	0.07%	–
UTX	New	United Technologies	$499,000	–	4,083	–	0.07%	–
MRK	New	Merck & Co Inc	$500,000	–	7,800	–	0.07%	–
APLE	New	Apple Hospitality R	$499,000	–	26,653	–	0.07%	–
DRQ	New	Dril-Quip Inc.	$482,000	–	9,879	–	0.07%	–
PKG	New	Packaging Corp. of	$485,000	–	4,350	–	0.07%	–
EFSC	New	Enterprise Finc'l S	$474,000	–	11,622	–	0.07%	–
OHI	New	Omega Healthcare In	$474,000	–	14,348	–	0.07%	–
VZ	New	Verizon Communicati	$472,000	–	10,562	–	0.07%	–
HTLF	New	Heartland Financial	$468,000	–	9,945	–	0.07%	–
ACETQ	New	Aceto Corp.	$469,000	–	30,379	–	0.07%	–
AGM	New	Federal Agricultura	$467,000	–	7,225	–	0.07%	–
CNP	New	CenterPoint Energy	$460,000	–	16,800	–	0.06%	–
CTRE	New	CareTrust REIT, Inc	$463,000	–	24,977	–	0.06%	–
GLW	New	Corning Inc.	$461,000	–	15,340	–	0.06%	–
ENSG	New	Ensign Group Inc.	$464,000	–	21,336	–	0.06%	–
AZO	New	AutoZone Inc.	$451,000	–	790	–	0.06%	–
ARRS	New	Arris International	$446,000	–	15,916	–	0.06%	–
BGCP	New	BGC Partners Inc. (	$444,000	–	35,103	–	0.06%	–
QCOM	New	QUALCOMM Inc.	$418,000	–	7,565	–	0.06%	–
SAM	New	Boston Beer Co. (Cl	$404,000	–	3,057	–	0.06%	–
SCSC	New	ScanSource Inc.	$398,000	–	9,880	–	0.06%	–
GOOGL	New	Alphabet Inc. (Cl A	$400,000	–	430	–	0.06%	–
NCI	New	Navigant Consulting	$382,000	–	19,325	–	0.05%	–
SWM	New	Schweitzer-Mauduit	$376,000	–	10,108	–	0.05%	–
OFG	New	Oriental Financial	$378,000	–	37,845	–	0.05%	–
AGN	New	Allergan Inc.	$372,000	–	1,530	–	0.05%	–
DCOM	New	Dime Community Banc	$364,000	–	18,575	–	0.05%	–
UEIC	New	Universal Electroni	$357,000	–	5,335	–	0.05%	–
KR	New	Kroger Co.	$350,000	–	15,020	–	0.05%	–
XOM	New	Exxon Mobil Corp.	$343,000	–	4,254	–	0.05%	–
TCF	New	TCF Financial Corp.	$336,000	–	21,087	–	0.05%	–
EPR	New	Entertainment Prope	$333,000	–	4,636	–	0.05%	–
FFG	New	FBL Financial Group	$329,000	–	5,343	–	0.05%	–
ACN	New	Accenture Plc	$322,000	–	2,600	–	0.04%	–
COO	New	Cooper Cos.	$321,000	–	1,340	–	0.04%	–
STX	New	Seagate Technology	$304,000	–	7,835	–	0.04%	–
CMI	New	Cummins Inc.	$296,000	–	1,825	–	0.04%	–
INGR	New	Ingredion Incorpora	$299,000	–	2,512	–	0.04%	–
LXP	New	Lexington Realty Tr	$286,000	–	28,894	–	0.04%	–
	New	FIDELITY ADVISOR LA	$267,000	–	9,089	–	0.04%	–
HCI	New	HCI Group Inc	$265,000	–	5,634	–	0.04%	–
NTGR	New	NETGEAR Inc.	$249,000	–	5,782	–	0.04%	–
SXT	New	Sensient Technologi	$247,000	–	3,068	–	0.04%	–
PLD	New	ProLogis Inc.	$246,000	–	4,188	–	0.04%	–
PCAR	New	Paccar Inc.	$241,000	–	3,652	–	0.03%	–
GNTX	New	Gentex Corp.	$232,000	–	12,221	–	0.03%	–
HUM	New	Humana Inc.	$229,000	–	950	–	0.03%	–
TSN	New	Tyson Foods Inc. (C	$230,000	–	3,674	–	0.03%	–
URI	New	United Rentals Inc.	$225,000	–	2,000	–	0.03%	–
ZBH	New	Zimmer Biomet Holdi	$205,000	–	1,595	–	0.03%	–
CMA	New	Comerica Inc.	$209,000	–	2,855	–	0.03%	–
PNW	New	Pinnacle West Capit	$209,000	–	2,449	–	0.03%	–

Q4 2016

			Value		Shares		↓ Weighting
PNW	Exit	Pinnacle West Capit	$0	–	-2,687	–	-0.03%	–
PCAR	Exit	Paccar Inc.	$0	–	-3,720	–	-0.03%	–
ZBH	Exit	Zimmer Biomet Holdi	$0	–	-1,760	–	-0.03%	–
OFG	Exit	Oriental Financial	$0	–	-23,480	–	-0.04%	–
GNTX	Exit	Gentex Corp.	$0	–	-13,646	–	-0.04%	–
ON	Exit	ON Semiconductor Co	$0	–	-19,879	–	-0.04%	–
PLD	Exit	ProLogis Inc.	$0	–	-4,635	–	-0.04%	–
	Exit	FIDELITY ADVISOR LA	$0	–	-9,309	–	-0.04%	–
SXT	Exit	Sensient Technologi	$0	–	-3,330	–	-0.04%	–
COO	Exit	Cooper Cos.	$0	–	-1,460	–	-0.04%	–
	Exit	Allstate Corp.	$0	–	-3,955	–	-0.04%	–
	Exit	Albemarle Corp.	$0	–	-3,220	–	-0.04%	–
PXD	Exit	Pioneer Natural Res	$0	–	-1,500	–	-0.04%	–
SNA	Exit	Snap-On Inc.	$0	–	-1,910	–	-0.04%	–
TSN	Exit	Tyson Foods Inc. (C	$0	–	-3,925	–	-0.04%	–
	Exit	VANGUARD EQUITY INC	$0	–	-9,387	–	-0.04%	–
AGM	Exit	Federal Agricultura	$0	–	-7,678	–	-0.04%	–
BX	Exit	THE BLACKSTONE GROU	$0	–	-12,120	–	-0.05%	–
CTRE	Exit	CareTrust REIT, Inc	$0	–	-21,248	–	-0.05%	–
LXP	Exit	Lexington Realty Tr	$0	–	-30,663	–	-0.05%	–
ACN	Exit	Accenture Plc	$0	–	-2,600	–	-0.05%	–
TCF	Exit	TCF Financial Corp.	$0	–	-22,675	–	-0.05%	–
BGCP	Exit	BGC Partners Inc. (	$0	–	-37,241	–	-0.05%	–
EPR	Exit	Entertainment Prope	$0	–	-4,144	–	-0.05%	–
OHI	Exit	Omega Healthcare In	$0	–	-9,441	–	-0.05%	–
DCOM	Exit	Dime Community Banc	$0	–	-19,794	–	-0.05%	–
	Exit	Alamo Group Inc.	$0	–	-5,216	–	-0.05%	–
AET	Exit	Aetna Inc.	$0	–	-2,970	–	-0.05%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-440	–	-0.05%	–
LRCX	Exit	Lam Research Corp.	$0	–	-3,832	–	-0.05%	–
INGR	Exit	Ingredion Incorpora	$0	–	-2,718	–	-0.05%	–
FFG	Exit	FBL Financial Group	$0	–	-5,678	–	-0.05%	–
NTGR	Exit	NETGEAR Inc.	$0	–	-6,127	–	-0.06%	–
GIII	Exit	G-III Apparel Group	$0	–	-12,511	–	-0.06%	–
BRKL	Exit	Brookline Bancorp I	$0	–	-30,698	–	-0.06%	–
GLW	Exit	Corning Inc.	$0	–	-16,170	–	-0.06%	–
PKG	Exit	Packaging Corp. of	$0	–	-4,685	–	-0.06%	–
HTLF	Exit	Heartland Financial	$0	–	-10,484	–	-0.06%	–
CNP	Exit	CenterPoint Energy	$0	–	-17,005	–	-0.06%	–
GPX	Exit	GP Strategies Corp.	$0	–	-16,359	–	-0.06%	–
MPW	Exit	Medical Properties	$0	–	-27,306	–	-0.06%	–
KR	Exit	Kroger Co.	$0	–	-13,435	–	-0.06%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-4,704	–	-0.06%	–
UTX	Exit	United Technologies	$0	–	-4,018	–	-0.06%	–
ESL	Exit	Esterline Technolog	$0	–	-5,356	–	-0.06%	–
THRM	Exit	Gentherm Incorporat	$0	–	-13,099	–	-0.06%	–
SWM	Exit	Schweitzer-Mauduit	$0	–	-10,730	–	-0.06%	–
DDS	Exit	Dillard's Inc. (Cl	$0	–	-6,537	–	-0.06%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-5,370	–	-0.06%	–
MBFI	Exit	MB Financial Inc.	$0	–	-11,036	–	-0.06%	–
UEIC	Exit	Universal Electroni	$0	–	-5,671	–	-0.06%	–
IOSP	Exit	Innospec Inc	$0	–	-7,195	–	-0.06%	–
FL	Exit	Foot Locker Inc	$0	–	-6,520	–	-0.07%	–
AGN	Exit	Allergan Inc.	$0	–	-1,940	–	-0.07%	–
SIGI	Exit	Selective Insurance	$0	–	-11,341	–	-0.07%	–
DRQ	Exit	Dril-Quip Inc.	$0	–	-8,306	–	-0.07%	–
IM	Exit	Ingram Micro Inc. (	$0	–	-13,118	–	-0.07%	–
APLE	Exit	Apple Hospitality R	$0	–	-25,254	–	-0.07%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-7,963	–	-0.07%	–
CELG	Exit	Celgene Corp.	$0	–	-4,515	–	-0.07%	–
BKU	Exit	BankUnited Inc	$0	–	-15,714	–	-0.07%	–
SYNA	Exit	Synaptics Inc.	$0	–	-8,286	–	-0.07%	–
CATY	Exit	Cathay General Banc	$0	–	-15,918	–	-0.07%	–
MRK	Exit	Merck & Co Inc	$0	–	-7,900	–	-0.07%	–
IBKC	Exit	IBERIABANK Corp.	$0	–	-7,393	–	-0.07%	–
INT	Exit	World Fuel Services	$0	–	-10,688	–	-0.07%	–
	Exit	Aaron's Inc.	$0	–	-19,505	–	-0.07%	–
LNC	Exit	Lincoln National Co	$0	–	-10,595	–	-0.07%	–
F	Exit	Ford Motor Co.	$0	–	-41,710	–	-0.08%	–
	Exit	Black Hills Corp.	$0	–	-8,419	–	-0.08%	–
ARRS	Exit	Arris International	$0	–	-18,413	–	-0.08%	–
HOPE	Exit	Hope Bancorp Inc.	$0	–	-30,154	–	-0.08%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-668	–	-0.08%	–
NEE	Exit	NextEra Energy Inc	$0	–	-4,293	–	-0.08%	–
ABBV	Exit	Abbvie Inc	$0	–	-8,380	–	-0.08%	–
ASGN	Exit	On Assignment Inc.	$0	–	-14,950	–	-0.08%	–
	Exit	Boeing Co.	$0	–	-4,177	–	-0.08%	–
VZ	Exit	Verizon Communicati	$0	–	-10,507	–	-0.08%	–
DLX	Exit	Deluxe Corp.	$0	–	-8,354	–	-0.08%	–
SCAI	Exit	Surgical Care Affil	$0	–	-11,332	–	-0.08%	–
PCLN	Exit	priceline.com Inc.	$0	–	-378	–	-0.08%	–
DK	Exit	Delek US Holdings I	$0	–	-32,083	–	-0.08%	–
PVTB	Exit	PrivateBancorp Inc.	$0	–	-12,062	–	-0.08%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-28,267	–	-0.08%	–
PIPR	Exit	Piper Jaffray Cos.	$0	–	-12,258	–	-0.09%	–
CLI	Exit	Mack-Cali Realty Co	$0	–	-22,195	–	-0.09%	–
IDA	Exit	IDACORP Inc.	$0	–	-7,789	–	-0.09%	–
WBA	Exit	Walgreen Co.	$0	–	-7,625	–	-0.09%	–
WCC	Exit	Wesco International	$0	–	-10,158	–	-0.09%	–
MENT	Exit	Mentor Graphics Cor	$0	–	-23,680	–	-0.09%	–
	Exit	BE Aerospace Inc.	$0	–	-12,427	–	-0.10%	–
CTB	Exit	Cooper Tire & Rubbe	$0	–	-16,895	–	-0.10%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-7,795	–	-0.10%	–
EVR	Exit	Evercore Partners I	$0	–	-13,063	–	-0.10%	–
ENS	Exit	EnerSys Inc.	$0	–	-10,133	–	-0.10%	–
IIVI	Exit	II-VI Inc.	$0	–	-28,928	–	-0.10%	–
GBX	Exit	Greenbrier Cos.	$0	–	-20,053	–	-0.11%	–
TEN	Exit	Tenneco Inc.	$0	–	-12,162	–	-0.11%	–
HAIN	Exit	Hain Celestial Grou	$0	–	-23,480	–	-0.12%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,335	–	-0.13%	–
CRUS	Exit	Cirrus Logic Inc.	$0	–	-16,515	–	-0.13%	–
V	Exit	Visa Inc.	$0	–	-10,745	–	-0.13%	–
LOW	Exit	Lowe's Cos.	$0	–	-14,325	–	-0.16%	–
MCD	Exit	McDonald's Corp.	$0	–	-9,700	–	-0.17%	–
THO	Exit	Thor Industries Inc	$0	–	-13,309	–	-0.17%	–
PEP	Exit	PepsiCo Inc.	$0	–	-10,663	–	-0.17%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-5,495	–	-0.18%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-31,646	–	-0.28%	–
DVMT	Exit	Dell Technologies I	$0	–	-54,365	–	-0.39%	–
ESV	Exit	ENSCO International	$0	–	-546,796	–	-0.70%	–
GE	Exit	General Electric Co	$0	–	-233,083	–	-1.03%	–
BEN	Exit	Franklin Resources	$0	–	-219,340	–	-1.17%	–
MSFT	Exit	Microsoft Corp.	$0	–	-162,570	–	-1.40%	–
PFE	Exit	Pfizer Inc.	$0	–	-283,545	–	-1.44%	–
PH	Exit	Parker Hannifin Cor	$0	–	-77,844	–	-1.46%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-154,318	–	-1.54%	–
NUE	Exit	Nucor Corp.	$0	–	-208,290	–	-1.54%	–
OXY	Exit	Occidental Petroleu	$0	–	-142,765	–	-1.56%	–
VFC	Exit	VF Corp.	$0	–	-185,896	–	-1.56%	–
JCI	Exit	Johnson Controls In	$0	–	-225,269	–	-1.57%	–
	Exit	BERKSHIRE HATHAWAY	$0	–	-73,540	–	-1.59%	–
WHR	Exit	Whirlpool Corp.	$0	–	-65,630	–	-1.59%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-86,398	–	-1.63%	–
MCK	Exit	McKesson Corp.	$0	–	-68,705	–	-1.71%	–
IP	Exit	International Paper	$0	–	-239,160	–	-1.72%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-748,825	–	-1.77%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-391,470	–	-1.78%	–
CMI	Exit	Cummins Inc.	$0	–	-93,045	–	-1.78%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-134,132	–	-1.78%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-228,160	–	-1.84%	–
	Exit	American Electric P	$0	–	-195,565	–	-1.88%	–
GS	Exit	Goldman Sachs Group	$0	–	-78,031	–	-1.88%	–
FLR	Exit	Fluor Corp.	$0	–	-246,378	–	-1.89%	–
GD	Exit	General Dynamics Co	$0	–	-81,687	–	-1.90%	–
KSS	Exit	Kohl's Corp.	$0	–	-289,825	–	-1.90%	–
CMCSA	Exit	Comcast Corp. (Cl A	$0	–	-191,930	–	-1.90%	–
PEG	Exit	Public Service Ente	$0	–	-304,144	–	-1.90%	–
COP	Exit	ConocoPhillips	$0	–	-296,187	–	-1.92%	–
	Exit	Bank of America Cor	$0	–	-825,330	–	-1.93%	–
ETR	Exit	Entergy Corp.	$0	–	-172,019	–	-1.97%	–
HCA	Exit	HCA INC	$0	–	-177,135	–	-2.00%	–
HIG	Exit	Hartford Financial	$0	–	-313,805	–	-2.01%	–
	Exit	Apple Inc.	$0	–	-120,186	–	-2.03%	–
UNH	Exit	UnitedHealth Group	$0	–	-98,098	–	-2.05%	–
DVN	Exit	Devon Energy Corp.	$0	–	-313,480	–	-2.07%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-504,570	–	-2.07%	–
COF	Exit	Capital One Financi	$0	–	-195,091	–	-2.10%	–
JNJ	Exit	Johnson & Johnson	$0	–	-122,465	–	-2.16%	–
	Exit	Applied Materials I	$0	–	-482,015	–	-2.17%	–
	Exit	Archer Daniels Midl	$0	–	-348,102	–	-2.20%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-462,833	–	-2.20%	–
MU	Exit	Micron Technology I	$0	–	-848,540	–	-2.26%	–
INTC	Exit	Intel Corp.	$0	–	-403,602	–	-2.28%	–
STT	Exit	State Street Corp.	$0	–	-218,882	–	-2.28%	–
C	Exit	Citigroup Inc.	$0	–	-326,520	–	-2.31%	–
	Exit	American Int'l Grou	$0	–	-265,077	–	-2.35%	–
MET	Exit	MetLife Inc.	$0	–	-380,660	–	-2.53%	–
CVX	Exit	Chevron Corp.	$0	–	-214,858	–	-3.31%	–

Q3 2016

			Value		Shares		↓ Weighting
CVX	Sell	Chevron Corp.	$22,113,000	-5.8%	214,858	-4.0%	3.31%	-5.6%
MET	Sell	MetLife Inc.	$16,913,000	+7.6%	380,660	-3.6%	2.53%	+7.8%
	New	American Int'l Grou	$15,730,000	–	265,077	–	2.35%	–
C	Sell	Citigroup Inc.	$15,422,000	+6.9%	326,520	-4.1%	2.31%	+7.1%
STT	Sell	State Street Corp.	$15,241,000	+24.3%	218,882	-3.7%	2.28%	+24.5%
INTC	Sell	Intel Corp.	$15,236,000	+10.2%	403,602	-4.3%	2.28%	+10.4%
MU	Sell	Micron Technology I	$15,087,000	+15.2%	848,540	-10.9%	2.26%	+15.4%
	New	Archer Daniels Midl	$14,679,000	–	348,102	–	2.20%	–
CSCO	Sell	Cisco Systems Inc.	$14,681,000	+5.8%	462,833	-4.3%	2.20%	+6.0%
	New	Applied Materials I	$14,533,000	–	482,015	–	2.17%	–
JNJ	Sell	Johnson & Johnson	$14,467,000	-11.7%	122,465	-9.3%	2.16%	-11.5%
COF	Sell	Capital One Financi	$14,013,000	+8.2%	195,091	-4.3%	2.10%	+8.4%
LUMN	Buy	CenturyLink Inc.	$13,840,000	+2.7%	504,570	+8.6%	2.07%	+2.8%
DVN	Sell	Devon Energy Corp.	$13,828,000	+17.0%	313,480	-3.9%	2.07%	+17.2%
UNH	Sell	UnitedHealth Group	$13,734,000	-7.8%	98,098	-7.0%	2.05%	-7.6%
	New	Apple Inc.	$13,587,000	–	120,186	–	2.03%	–
HIG	Buy	Hartford Financial	$13,437,000	-0.2%	313,805	+3.5%	2.01%	0.0%
HCA	New	HCA INC	$13,397,000	–	177,135	–	2.00%	–
ETR	Sell	Entergy Corp.	$13,199,000	-9.6%	172,019	-4.1%	1.97%	-9.4%
	New	Bank of America Cor	$12,916,000	–	825,330	–	1.93%	–
COP	Sell	ConocoPhillips	$12,875,000	-4.0%	296,187	-3.7%	1.92%	-3.8%
CMCSA	Sell	Comcast Corp. (Cl A	$12,733,000	-4.5%	191,930	-6.2%	1.90%	-4.3%
PEG	Sell	Public Service Ente	$12,735,000	-14.3%	304,144	-4.6%	1.90%	-14.1%
KSS	Buy	Kohl's Corp.	$12,680,000	+16.2%	289,825	+0.7%	1.90%	+16.5%
GD	Sell	General Dynamics Co	$12,675,000	+7.2%	81,687	-3.8%	1.90%	+7.4%
FLR	Sell	Fluor Corp.	$12,644,000	-0.3%	246,378	-4.3%	1.89%	-0.2%
GS	Sell	Goldman Sachs Group	$12,584,000	+4.6%	78,031	-3.6%	1.88%	+4.8%
	New	American Electric P	$12,557,000	–	195,565	–	1.88%	–
BMY	Buy	Bristol-Myers Squib	$12,302,000	+1260.8%	228,160	+1755.7%	1.84%	+1262.2%
CVS	Buy	CVS Caremark Corp.	$11,936,000	+5.5%	134,132	+13.5%	1.78%	+5.7%
CMI	Buy	Cummins Inc.	$11,924,000	+32.5%	93,045	+16.3%	1.78%	+32.8%
MUR	Sell	Murphy Oil Corp.	$11,901,000	-8.2%	391,470	-4.1%	1.78%	-8.1%
MRO	Buy	Marathon Oil Corp.	$11,839,000	+25.7%	748,825	+19.4%	1.77%	+26.0%
IP	Sell	International Paper	$11,475,000	+7.6%	239,160	-5.0%	1.72%	+7.8%
MCK	Buy	McKesson Corp.	$11,457,000	-7.3%	68,705	+3.8%	1.71%	-7.1%
KMB	Sell	Kimberly-Clark Corp	$10,898,000	-11.9%	86,398	-4.0%	1.63%	-11.8%
WHR	Sell	Whirlpool Corp.	$10,643,000	-6.6%	65,630	-4.0%	1.59%	-6.4%
	New	BERKSHIRE HATHAWAY	$10,624,000	–	73,540	–	1.59%	–
JCI	New	Johnson Controls In	$10,482,000	–	225,269	–	1.57%	–
VFC	Sell	VF Corp.	$10,419,000	-12.7%	185,896	-4.3%	1.56%	-12.6%
OXY	Sell	Occidental Petroleu	$10,410,000	-8.0%	142,765	-4.7%	1.56%	-7.9%
NUE	Sell	Nucor Corp.	$10,300,000	-4.3%	208,290	-4.4%	1.54%	-4.2%
JPM	Sell	JPMorgan Chase & Co	$10,276,000	-10.9%	154,318	-16.8%	1.54%	-10.7%
PH	Sell	Parker Hannifin Cor	$9,772,000	+10.9%	77,844	-4.6%	1.46%	+11.1%
PFE	Sell	Pfizer Inc.	$9,604,000	-14.8%	283,545	-11.4%	1.44%	-14.6%
MSFT	Sell	Microsoft Corp.	$9,364,000	-22.7%	162,570	-31.3%	1.40%	-22.5%
BEN	Sell	Franklin Resources	$7,802,000	+2.6%	219,340	-3.8%	1.17%	+2.7%
GE	Sell	General Electric Co	$6,904,000	-44.3%	233,083	-40.9%	1.03%	-44.2%
ESV	Sell	ENSCO International	$4,648,000	-15.9%	546,796	-3.9%	0.70%	-15.8%
DVMT	New	Dell Technologies I	$2,599,000	–	54,365	–	0.39%	–
EFA	Buy	I SHARES TR MSCI EA	$1,871,000	+11.8%	31,646	+5.5%	0.28%	+12.0%
PEP	Sell	PepsiCo Inc.	$1,160,000	+1.8%	10,663	-0.9%	0.17%	+1.8%
THO	Sell	Thor Industries Inc	$1,127,000	+24.9%	13,309	-4.4%	0.17%	+24.4%
LOW	Sell	Lowe's Cos.	$1,034,000	-9.0%	14,325	-0.2%	0.16%	-8.8%
V	Sell	Visa Inc.	$889,000	+11.0%	10,745	-0.5%	0.13%	+10.8%
CRUS	Sell	Cirrus Logic Inc.	$878,000	+17.7%	16,515	-14.1%	0.13%	+18.0%
HAIN	Buy	Hain Celestial Grou	$835,000	-21.2%	23,480	+10.2%	0.12%	-20.9%
GBX	Sell	Greenbrier Cos.	$708,000	+20.8%	20,053	-0.3%	0.11%	+21.8%
TEN	Sell	Tenneco Inc.	$709,000	+24.6%	12,162	-0.3%	0.11%	+24.7%
IIVI	Buy	II-VI Inc.	$704,000	+44.6%	28,928	+11.4%	0.10%	+43.8%
ENS	Sell	EnerSys Inc.	$701,000	+10.2%	10,133	-5.2%	0.10%	+10.5%
EVR	Sell	Evercore Partners I	$673,000	+16.2%	13,063	-0.3%	0.10%	+17.4%
HELE	Buy	Helen of Troy Corp.	$672,000	-6.9%	7,795	+11.1%	0.10%	-7.4%
CTB	Sell	Cooper Tire & Rubbe	$642,000	+27.1%	16,895	-0.3%	0.10%	+28.0%
	New	BE Aerospace Inc.	$642,000	–	12,427	–	0.10%	–
MENT	Sell	Mentor Graphics Cor	$626,000	+23.7%	23,680	-0.4%	0.09%	+23.7%
WCC	Sell	Wesco International	$625,000	+19.0%	10,158	-0.4%	0.09%	+19.2%
WBA	Sell	Walgreen Co.	$615,000	-3.8%	7,625	-0.7%	0.09%	-3.2%
IDA	Sell	IDACORP Inc.	$610,000	-3.9%	7,789	-0.3%	0.09%	-4.2%
CLI	Sell	Mack-Cali Realty Co	$604,000	-2.3%	22,195	-3.0%	0.09%	-2.2%
PIPR	Sell	Piper Jaffray Cos.	$592,000	+27.6%	12,258	-0.5%	0.09%	+29.0%
ENSG	Sell	Ensign Group Inc.	$569,000	-4.5%	28,267	-0.4%	0.08%	-4.5%
PVTB	Sell	PrivateBancorp Inc.	$554,000	+3.9%	12,062	-0.4%	0.08%	+3.8%
SCAI	Sell	Surgical Care Affil	$553,000	+2.0%	11,332	-0.4%	0.08%	+2.5%
DK	Sell	Delek US Holdings I	$555,000	+30.6%	32,083	-0.3%	0.08%	+31.7%
DLX	Sell	Deluxe Corp.	$558,000	+0.2%	8,354	-0.4%	0.08%	0.0%
	New	Boeing Co.	$550,000	–	4,177	–	0.08%	–
ASGN	Sell	On Assignment Inc.	$543,000	-2.0%	14,950	-0.4%	0.08%	-2.4%
ABBV	Buy	Abbvie Inc	$529,000	+41.4%	8,380	+38.7%	0.08%	+41.1%
ARRS	Sell	Arris International	$522,000	+25.5%	18,413	-7.2%	0.08%	+25.8%
HOPE	Buy	Hope Bancorp Inc.	$524,000	+59.3%	30,154	+36.6%	0.08%	+59.2%
	New	Black Hills Corp.	$515,000	–	8,419	–	0.08%	–
F	Sell	Ford Motor Co.	$503,000	-7.4%	41,710	-3.5%	0.08%	-7.4%
IBKC	Buy	IBERIABANK Corp.	$496,000	+112.9%	7,393	+89.6%	0.07%	+111.4%
	New	Aaron's Inc.	$496,000	–	19,505	–	0.07%	–
LNC	Sell	Lincoln National Co	$498,000	+13.2%	10,595	-6.7%	0.07%	+12.1%
MRK	Sell	Merck & Co Inc	$493,000	-95.7%	7,900	-96.0%	0.07%	-95.6%
INT	Sell	World Fuel Services	$494,000	-3.1%	10,688	-0.4%	0.07%	-2.6%
CATY	New	Cathay General Banc	$490,000	–	15,918	–	0.07%	–
SYNA	Buy	Synaptics Inc.	$485,000	+24.7%	8,286	+14.4%	0.07%	+25.9%
BKU	Buy	BankUnited Inc	$475,000	+21.5%	15,714	+23.4%	0.07%	+22.4%
RBC	Sell	Regal-Beloit Corp.	$474,000	+1.7%	7,963	-6.0%	0.07%	+1.4%
IM	Sell	Ingram Micro Inc. (	$468,000	+2.2%	13,118	-0.4%	0.07%	+2.9%
APLE	Sell	Apple Hospitality R	$467,000	-2.1%	25,254	-0.3%	0.07%	-1.4%
DRQ	Sell	Dril-Quip Inc.	$463,000	-10.4%	8,306	-6.2%	0.07%	-10.4%
SIGI	Sell	Selective Insurance	$452,000	+3.9%	11,341	-0.4%	0.07%	+4.6%
AGN	New	Allergan Inc.	$447,000	–	1,940	–	0.07%	–
FL	Buy	Foot Locker Inc	$442,000	+24.9%	6,520	+1.0%	0.07%	+24.5%
IOSP	New	Innospec Inc	$438,000	–	7,195	–	0.06%	–
MBFI	Sell	MB Financial Inc.	$420,000	+4.5%	11,036	-0.4%	0.06%	+5.0%
UEIC	Sell	Universal Electroni	$422,000	+2.7%	5,671	-0.2%	0.06%	+3.3%
DDS	Sell	Dillard's Inc. (Cl	$412,000	+3.5%	6,537	-0.4%	0.06%	+5.1%
THRM	Sell	Gentherm Incorporat	$412,000	-8.4%	13,099	-0.4%	0.06%	-7.5%
SWM	Sell	Schweitzer-Mauduit	$414,000	+8.9%	10,730	-0.3%	0.06%	+8.8%
ESL	Sell	Esterline Technolog	$407,000	+22.2%	5,356	-0.3%	0.06%	+22.0%
XOM	Sell	Exxon Mobil Corp.	$411,000	-8.9%	4,704	-2.3%	0.06%	-9.0%
UTX	Sell	United Technologies	$408,000	-10.7%	4,018	-9.8%	0.06%	-10.3%
GPX	Sell	GP Strategies Corp.	$403,000	+12.9%	16,359	-0.5%	0.06%	+13.2%
MPW	Sell	Medical Properties	$403,000	-3.4%	27,306	-0.5%	0.06%	-3.2%
KR	Buy	Kroger Co.	$399,000	-6.1%	13,435	+16.4%	0.06%	-4.8%
GLW	Sell	Corning Inc.	$382,000	+7.0%	16,170	-7.3%	0.06%	+7.5%
HTLF	Sell	Heartland Financial	$378,000	+1.6%	10,484	-0.5%	0.06%	+1.8%
BRKL	Sell	Brookline Bancorp I	$374,000	+10.0%	30,698	-0.4%	0.06%	+9.8%
GIII	Sell	G-III Apparel Group	$365,000	-36.4%	12,511	-0.4%	0.06%	-36.0%
NTGR	Sell	NETGEAR Inc.	$371,000	+26.6%	6,127	-0.5%	0.06%	+25.0%
FFG	Sell	FBL Financial Group	$363,000	+4.9%	5,678	-0.3%	0.05%	+3.8%
LRCX	Sell	Lam Research Corp.	$363,000	+9.7%	3,832	-2.5%	0.05%	+10.2%
INGR	Sell	Ingredion Incorpora	$362,000	-8.4%	2,718	-11.0%	0.05%	-8.5%
	New	Alamo Group Inc.	$344,000	–	5,216	–	0.05%	–
OHI	Sell	Omega Healthcare In	$335,000	+4.0%	9,441	-0.5%	0.05%	+4.2%
DCOM	Sell	Dime Community Banc	$332,000	-1.8%	19,794	-0.4%	0.05%	0.0%
TCF	Sell	TCF Financial Corp.	$329,000	+14.2%	22,675	-0.4%	0.05%	+14.0%
EPR	Sell	Entertainment Prope	$326,000	-2.7%	4,144	-0.3%	0.05%	-2.0%
BGCP	Sell	BGC Partners Inc. (	$326,000	0.0%	37,241	-0.5%	0.05%	0.0%
LXP	Sell	Lexington Realty Tr	$316,000	+1.6%	30,663	-0.4%	0.05%	+2.2%
CTRE	Sell	CareTrust REIT, Inc	$314,000	+6.8%	21,248	-0.4%	0.05%	+6.8%
AGM	Sell	Federal Agricultura	$303,000	+12.6%	7,678	-0.4%	0.04%	+12.5%
TSN	Sell	Tyson Foods Inc. (C	$293,000	-3.6%	3,925	-13.6%	0.04%	-2.2%
SNA	New	Snap-On Inc.	$290,000	–	1,910	–	0.04%	–
PXD	Sell	Pioneer Natural Res	$278,000	+4.9%	1,500	-14.3%	0.04%	+5.0%
	New	Allstate Corp.	$274,000	–	3,955	–	0.04%	–
	New	Albemarle Corp.	$275,000	–	3,220	–	0.04%	–
COO	Sell	Cooper Cos.	$262,000	-8.7%	1,460	-12.6%	0.04%	-9.3%
SXT	Sell	Sensient Technologi	$252,000	-6.7%	3,330	-12.3%	0.04%	-5.0%
PLD	Sell	ProLogis Inc.	$248,000	-6.8%	4,635	-14.5%	0.04%	-7.5%
ON	Sell	ON Semiconductor Co	$245,000	+21.9%	19,879	-12.8%	0.04%	+23.3%
GNTX	Sell	Gentex Corp.	$240,000	-0.8%	13,646	-13.0%	0.04%	0.0%
OFG	New	Oriental Financial	$237,000	–	23,480	–	0.04%	–
ZBH	Sell	Zimmer Biomet Holdi	$229,000	-7.3%	1,760	-14.1%	0.03%	-8.1%
PCAR	Sell	Paccar Inc.	$219,000	-3.5%	3,720	-15.0%	0.03%	-2.9%
PNW	Sell	Pinnacle West Capit	$204,000	-16.0%	2,687	-10.3%	0.03%	-16.7%
MSI	Exit	Motorola Solutions	$0	–	-3,075	–	-0.03%	–
CERN	Exit	Cerner Corp.	$0	–	-3,435	–	-0.03%	–
XLNX	Exit	Xilinx Inc.	$0	–	-4,515	–	-0.03%	–
EGY	Exit	Vaalco Energy Inc.	$0	–	-203,699	–	-0.03%	–
FHN	Exit	First Horizon Natio	$0	–	-15,776	–	-0.03%	–
LE	Exit	LAND'S END	$0	–	-13,229	–	-0.03%	–
CBU	Exit	Community Bank Syst	$0	–	-5,395	–	-0.03%	–
CMA	Exit	Comerica Inc.	$0	–	-5,295	–	-0.03%	–
ALB	Exit	Albemarle Corp.	$0	–	-3,820	–	-0.04%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-3,875	–	-0.05%	–
ALG	Exit	Alamo Group Inc.	$0	–	-5,232	–	-0.05%	–
AAN	Exit	Aaron's Inc.	$0	–	-19,586	–	-0.06%	–
FMER	Exit	FirstMerit Corp.	$0	–	-22,181	–	-0.07%	–
URI	Exit	United Rentals Inc.	$0	–	-7,095	–	-0.07%	–
BKH	Exit	Black Hills Corp.	$0	–	-8,448	–	-0.08%	–
BA	Exit	Boeing Co.	$0	–	-4,177	–	-0.08%	–
BEAV	Exit	BE Aerospace Inc.	$0	–	-12,463	–	-0.09%	–
AAPL	Exit	Apple Inc.	$0	–	-6,551	–	-0.09%	–
BAC	Exit	Bank of America Cor	$0	–	-715,510	–	-1.42%	–
ALL	Exit	Allstate Corp.	$0	–	-141,469	–	-1.48%	–
JCI	Exit	Johnson Controls In	$0	–	-243,870	–	-1.61%	–
EMC	Exit	EMC Corp.	$0	–	-509,665	–	-2.07%	–
AEP	Exit	American Electric P	$0	–	-203,664	–	-2.13%	–
AMAT	Exit	Applied Materials I	$0	–	-597,885	–	-2.14%	–
AIG	Exit	American Int'l Grou	$0	–	-276,812	–	-2.18%	–
ADM	Exit	Archer Daniels Midl	$0	–	-366,315	–	-2.34%	–
STJ	Exit	St. Jude Medical In	$0	–	-215,834	–	-2.51%	–

Q2 2016

			Value		Shares		↓ Weighting
CVX	New	Chevron Corp.	$23,474,000	–	223,927	–	3.50%	–
STJ	New	St. Jude Medical In	$16,835,000	–	215,834	–	2.51%	–
JNJ	New	Johnson & Johnson	$16,378,000	–	135,019	–	2.44%	–
MET	New	MetLife Inc.	$15,721,000	–	394,690	–	2.35%	–
ADM	New	Archer Daniels Midl	$15,711,000	–	366,315	–	2.34%	–
UNH	New	UnitedHealth Group	$14,896,000	–	105,498	–	2.22%	–
PEG	New	Public Service Ente	$14,852,000	–	318,654	–	2.22%	–
AIG	New	American Int'l Grou	$14,641,000	–	276,812	–	2.18%	–
ETR	New	Entergy Corp.	$14,593,000	–	179,380	–	2.18%	–
C	New	Citigroup Inc.	$14,426,000	–	340,325	–	2.15%	–
AMAT	New	Applied Materials I	$14,331,000	–	597,885	–	2.14%	–
AEP	New	American Electric P	$14,275,000	–	203,664	–	2.13%	–
CSCO	New	Cisco Systems Inc.	$13,877,000	–	483,699	–	2.07%	–
EMC	New	EMC Corp.	$13,848,000	–	509,665	–	2.07%	–
INTC	New	Intel Corp.	$13,827,000	–	421,540	–	2.06%	–
LUMN	New	CenturyLink Inc.	$13,480,000	–	464,681	–	2.01%	–
HIG	New	Hartford Financial	$13,459,000	–	303,265	–	2.01%	–
COP	New	ConocoPhillips	$13,413,000	–	307,632	–	2.00%	–
CMCSA	New	Comcast Corp. (Cl A	$13,334,000	–	204,540	–	1.99%	–
MU	New	Micron Technology I	$13,098,000	–	951,925	–	1.96%	–
MUR	New	Murphy Oil Corp.	$12,963,000	–	408,275	–	1.94%	–
COF	New	Capital One Financi	$12,948,000	–	203,873	–	1.93%	–
FLR	New	Fluor Corp.	$12,686,000	–	257,428	–	1.89%	–
GE	New	General Electric Co	$12,405,000	–	394,073	–	1.85%	–
KMB	New	Kimberly-Clark Corp	$12,370,000	–	89,978	–	1.85%	–
MCK	New	McKesson Corp.	$12,358,000	–	66,210	–	1.84%	–
STT	New	State Street Corp.	$12,261,000	–	227,389	–	1.83%	–
MSFT	New	Microsoft Corp.	$12,109,000	–	236,649	–	1.81%	–
GS	New	Goldman Sachs Group	$12,025,000	–	80,933	–	1.80%	–
VFC	New	VF Corp.	$11,939,000	–	194,161	–	1.78%	–
GD	New	General Dynamics Co	$11,823,000	–	84,909	–	1.76%	–
DVN	New	Devon Energy Corp.	$11,821,000	–	326,085	–	1.76%	–
JPM	New	JPMorgan Chase & Co	$11,528,000	–	185,517	–	1.72%	–
WHR	New	Whirlpool Corp.	$11,389,000	–	68,345	–	1.70%	–
MRK	New	Merck & Co Inc	$11,361,000	–	197,205	–	1.70%	–
CVS	New	CVS Caremark Corp.	$11,315,000	–	118,185	–	1.69%	–
OXY	New	Occidental Petroleu	$11,315,000	–	149,755	–	1.69%	–
PFE	New	Pfizer Inc.	$11,271,000	–	320,110	–	1.68%	–
KSS	New	Kohl's Corp.	$10,910,000	–	287,698	–	1.63%	–
JCI	New	Johnson Controls In	$10,794,000	–	243,870	–	1.61%	–
NUE	New	Nucor Corp.	$10,764,000	–	217,855	–	1.61%	–
IP	New	International Paper	$10,666,000	–	251,675	–	1.59%	–
ALL	New	Allstate Corp.	$9,896,000	–	141,469	–	1.48%	–
BAC	New	Bank of America Cor	$9,495,000	–	715,510	–	1.42%	–
MRO	New	Marathon Oil Corp.	$9,415,000	–	627,240	–	1.40%	–
CMI	New	Cummins Inc.	$8,998,000	–	80,025	–	1.34%	–
PH	New	Parker Hannifin Cor	$8,814,000	–	81,569	–	1.32%	–
BEN	New	Franklin Resources	$7,607,000	–	227,945	–	1.14%	–
ESV	New	ENSCO International	$5,526,000	–	569,101	–	0.82%	–
EFA	New	I SHARES TR MSCI EA	$1,674,000	–	29,986	–	0.25%	–
MCD	New	McDonald's Corp.	$1,167,000	–	9,700	–	0.17%	–
SPY	New	SPDR S&P 500 ETF TR	$1,151,000	–	5,495	–	0.17%	–
PEP	New	PepsiCo Inc.	$1,140,000	–	10,763	–	0.17%	–
LOW	New	Lowe's Cos.	$1,136,000	–	14,350	–	0.17%	–
HAIN	New	Hain Celestial Grou	$1,060,000	–	21,301	–	0.16%	–
BMY	New	Bristol-Myers Squib	$904,000	–	12,295	–	0.14%	–
THO	New	Thor Industries Inc	$902,000	–	13,928	–	0.14%	–
V	New	Visa Inc.	$801,000	–	10,795	–	0.12%	–
BLK	New	Blackrock Inc.	$800,000	–	2,335	–	0.12%	–
CRUS	New	Cirrus Logic Inc.	$746,000	–	19,236	–	0.11%	–
HELE	New	Helen of Troy Corp.	$722,000	–	7,018	–	0.11%	–
ENS	New	EnerSys Inc.	$636,000	–	10,690	–	0.10%	–
WBA	New	Walgreen Co.	$639,000	–	7,675	–	0.10%	–
IDA	New	IDACORP Inc.	$635,000	–	7,811	–	0.10%	–
AAPL	New	Apple Inc.	$626,000	–	6,551	–	0.09%	–
CLI	New	Mack-Cali Realty Co	$618,000	–	22,877	–	0.09%	–
ENSG	New	Ensign Group Inc.	$596,000	–	28,373	–	0.09%	–
VZ	New	Verizon Communicati	$587,000	–	10,507	–	0.09%	–
GBX	New	Greenbrier Cos.	$586,000	–	20,117	–	0.09%	–
EVR	New	Evercore Partners I	$579,000	–	13,103	–	0.09%	–
GIII	New	G-III Apparel Group	$574,000	–	12,555	–	0.09%	–
BEAV	New	BE Aerospace Inc.	$575,000	–	12,463	–	0.09%	–
TEN	New	Tenneco Inc.	$569,000	–	12,203	–	0.08%	–
NEE	New	NextEra Energy Inc	$560,000	–	4,293	–	0.08%	–
ASGN	New	On Assignment Inc.	$554,000	–	15,005	–	0.08%	–
DLX	New	Deluxe Corp.	$557,000	–	8,390	–	0.08%	–
SCAI	New	Surgical Care Affil	$542,000	–	11,372	–	0.08%	–
BA	New	Boeing Co.	$542,000	–	4,177	–	0.08%	–
F	New	Ford Motor Co.	$543,000	–	43,210	–	0.08%	–
BKH	New	Black Hills Corp.	$533,000	–	8,448	–	0.08%	–
PVTB	New	PrivateBancorp Inc.	$533,000	–	12,109	–	0.08%	–
WCC	New	Wesco International	$525,000	–	10,194	–	0.08%	–
DRQ	New	Dril-Quip Inc.	$517,000	–	8,856	–	0.08%	–
MENT	New	Mentor Graphics Cor	$506,000	–	23,780	–	0.08%	–
INT	New	World Fuel Services	$510,000	–	10,734	–	0.08%	–
CTB	New	Cooper Tire & Rubbe	$505,000	–	16,949	–	0.08%	–
IIVI	New	II-VI Inc.	$487,000	–	25,962	–	0.07%	–
APLE	New	Apple Hospitality R	$477,000	–	25,340	–	0.07%	–
URI	New	United Rentals Inc.	$476,000	–	7,095	–	0.07%	–
PCLN	New	priceline.com Inc.	$472,000	–	378	–	0.07%	–
RBC	New	Regal-Beloit Corp.	$466,000	–	8,472	–	0.07%	–
PIPR	New	Piper Jaffray Cos.	$464,000	–	12,316	–	0.07%	–
GOOG	New	Alphabet Inc. (Cl C	$462,000	–	668	–	0.07%	–
UTX	New	United Technologies	$457,000	–	4,453	–	0.07%	–
IM	New	Ingram Micro Inc. (	$458,000	–	13,176	–	0.07%	–
THRM	New	Gentherm Incorporat	$450,000	–	13,146	–	0.07%	–
XOM	New	Exxon Mobil Corp.	$451,000	–	4,815	–	0.07%	–
FMER	New	FirstMerit Corp.	$450,000	–	22,181	–	0.07%	–
LNC	New	Lincoln National Co	$440,000	–	11,350	–	0.07%	–
CELG	New	Celgene Corp.	$445,000	–	4,515	–	0.07%	–
SIGI	New	Selective Insurance	$435,000	–	11,387	–	0.06%	–
AAN	New	Aaron's Inc.	$429,000	–	19,586	–	0.06%	–
DK	New	Delek US Holdings I	$425,000	–	32,192	–	0.06%	–
SLB	New	Schlumberger Ltd.	$425,000	–	5,370	–	0.06%	–
KR	New	Kroger Co.	$425,000	–	11,540	–	0.06%	–
MPW	New	Medical Properties	$417,000	–	27,430	–	0.06%	–
ARRS	New	Arris International	$416,000	–	19,836	–	0.06%	–
UEIC	New	Universal Electroni	$411,000	–	5,685	–	0.06%	–
CNP	New	CenterPoint Energy	$408,000	–	17,005	–	0.06%	–
MBFI	New	MB Financial Inc.	$402,000	–	11,080	–	0.06%	–
INGR	New	Ingredion Incorpora	$395,000	–	3,053	–	0.06%	–
DDS	New	Dillard's Inc. (Cl	$398,000	–	6,561	–	0.06%	–
SYNA	New	Synaptics Inc.	$389,000	–	7,240	–	0.06%	–
BKU	New	BankUnited Inc	$391,000	–	12,733	–	0.06%	–
SWM	New	Schweitzer-Mauduit	$380,000	–	10,765	–	0.06%	–
HTLF	New	Heartland Financial	$372,000	–	10,536	–	0.06%	–
ABBV	New	Abbvie Inc	$374,000	–	6,040	–	0.06%	–
AET	New	Aetna Inc.	$363,000	–	2,970	–	0.05%	–
GPX	New	GP Strategies Corp.	$357,000	–	16,443	–	0.05%	–
GLW	New	Corning Inc.	$357,000	–	17,450	–	0.05%	–
FL	New	Foot Locker Inc	$354,000	–	6,455	–	0.05%	–
FFG	New	FBL Financial Group	$346,000	–	5,695	–	0.05%	–
BRKL	New	Brookline Bancorp I	$340,000	–	30,820	–	0.05%	–
ALG	New	Alamo Group Inc.	$345,000	–	5,232	–	0.05%	–
EPR	New	Entertainment Prope	$335,000	–	4,158	–	0.05%	–
ESL	New	Esterline Technolog	$333,000	–	5,374	–	0.05%	–
DCOM	New	Dime Community Banc	$338,000	–	19,876	–	0.05%	–
LRCX	New	Lam Research Corp.	$331,000	–	3,932	–	0.05%	–
HOPE	New	Hope Bancorp Inc.	$329,000	–	22,081	–	0.05%	–
BGCP	New	BGC Partners Inc. (	$326,000	–	37,410	–	0.05%	–
GILD	New	Gilead Sciences Inc	$323,000	–	3,875	–	0.05%	–
OHI	New	Omega Healthcare In	$322,000	–	9,486	–	0.05%	–
PKG	New	Packaging Corp. of	$314,000	–	4,685	–	0.05%	–
LXP	New	Lexington Realty Tr	$311,000	–	30,777	–	0.05%	–
GOOGL	New	Alphabet Inc. (Cl A	$310,000	–	440	–	0.05%	–
ALB	New	Albemarle Corp.	$303,000	–	3,820	–	0.04%	–
TSN	New	Tyson Foods Inc. (C	$304,000	–	4,545	–	0.04%	–
NTGR	New	NETGEAR Inc.	$293,000	–	6,155	–	0.04%	–
ACN	New	Accenture Plc	$295,000	–	2,600	–	0.04%	–
	New	VANGUARD EQUITY INC	$295,000	–	9,387	–	0.04%	–
BX	New	THE BLACKSTONE GROU	$297,000	–	12,120	–	0.04%	–
CTRE	New	CareTrust REIT, Inc	$294,000	–	21,331	–	0.04%	–
TCF	New	TCF Financial Corp.	$288,000	–	22,772	–	0.04%	–
COO	New	Cooper Cos.	$287,000	–	1,670	–	0.04%	–
SXT	New	Sensient Technologi	$270,000	–	3,795	–	0.04%	–
PLD	New	ProLogis Inc.	$266,000	–	5,420	–	0.04%	–
PXD	New	Pioneer Natural Res	$265,000	–	1,750	–	0.04%	–
AGM	New	Federal Agricultura	$269,000	–	7,712	–	0.04%	–
ZBH	New	Zimmer Biomet Holdi	$247,000	–	2,050	–	0.04%	–
PNW	New	Pinnacle West Capit	$243,000	–	2,997	–	0.04%	–
GNTX	New	Gentex Corp.	$242,000	–	15,681	–	0.04%	–
IBKC	New	IBERIABANK Corp.	$233,000	–	3,899	–	0.04%	–
PCAR	New	Paccar Inc.	$227,000	–	4,375	–	0.03%	–
	New	FIDELITY ADVISOR LA	$228,000	–	9,309	–	0.03%	–
CBU	New	Community Bank Syst	$222,000	–	5,395	–	0.03%	–
CMA	New	Comerica Inc.	$218,000	–	5,295	–	0.03%	–
EGY	New	Vaalco Energy Inc.	$216,000	–	203,699	–	0.03%	–
LE	New	LAND'S END	$217,000	–	13,229	–	0.03%	–
FHN	New	First Horizon Natio	$217,000	–	15,776	–	0.03%	–
XLNX	New	Xilinx Inc.	$208,000	–	4,515	–	0.03%	–
MSI	New	Motorola Solutions	$203,000	–	3,075	–	0.03%	–
CERN	New	Cerner Corp.	$201,000	–	3,435	–	0.03%	–
ON	New	ON Semiconductor Co	$201,000	–	22,784	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
SYNA	Exit	Synaptics Inc.	$0	–	-2,512	–	-0.01%	–
	Exit	FIDELITY ADVISOR LA	$0	–	-9,326	–	-0.01%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-2,485	–	-0.01%	–
	Exit	VANGUARD EQUITY INC	$0	–	-7,498	–	-0.01%	–
ESRX	Exit	Express Scripts Inc	$0	–	-2,874	–	-0.01%	–
PCLN	Exit	priceline.com Inc.	$0	–	-200	–	-0.01%	–
ACN	Exit	Accenture Plc	$0	–	-2,600	–	-0.01%	–
GLW	Exit	Corning Inc.	$0	–	-15,920	–	-0.02%	–
GOOGL	Exit	Alphabet Inc. (Cl A	$0	–	-460	–	-0.02%	–
CNP	Exit	CenterPoint Energy	$0	–	-16,915	–	-0.02%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-4,250	–	-0.02%	–
PKG	Exit	Packaging Corp. of	$0	–	-5,715	–	-0.02%	–
HOG	Exit	Harley-Davidson Inc	$0	–	-6,470	–	-0.02%	–
UTX	Exit	United Technologies	$0	–	-4,223	–	-0.02%	–
ABBV	Exit	Abbvie Inc	$0	–	-6,960	–	-0.02%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-5,670	–	-0.02%	–
AET	Exit	Aetna Inc.	$0	–	-3,495	–	-0.02%	–
BX	Exit	THE BLACKSTONE GROU	$0	–	-13,150	–	-0.02%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-4,105	–	-0.02%	–
NEE	Exit	NextEra Energy Inc	$0	–	-4,423	–	-0.02%	–
CELG	Exit	Celgene Corp.	$0	–	-4,099	–	-0.02%	–
GOOG	Exit	Alphabet Inc. (Cl C	$0	–	-737	–	-0.02%	–
GME	Exit	GameStop Corp. (Cl	$0	–	-11,145	–	-0.02%	–
F	Exit	Ford Motor Co.	$0	–	-34,575	–	-0.02%	–
VZ	Exit	Verizon Communicati	$0	–	-11,612	–	-0.03%	–
KR	Exit	Kroger Co.	$0	–	-15,030	–	-0.03%	–
PFE	Exit	Pfizer Inc.	$0	–	-17,000	–	-0.03%	–
	Exit	Boeing Co.	$0	–	-4,395	–	-0.03%	–
WBA	Exit	Walgreen Co.	$0	–	-8,505	–	-0.04%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-12,500	–	-0.04%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,498	–	-0.04%	–
	Exit	Apple Inc.	$0	–	-7,171	–	-0.04%	–
V	Exit	Visa Inc.	$0	–	-12,916	–	-0.05%	–
MCD	Exit	McDonald's Corp.	$0	–	-9,750	–	-0.05%	–
LOW	Exit	Lowe's Cos.	$0	–	-14,700	–	-0.06%	–
PEP	Exit	PepsiCo Inc.	$0	–	-11,325	–	-0.06%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-5,677	–	-0.06%	–
WLL	Exit	Whiting Petroleum C	$0	–	-81,240	–	-0.07%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-24,556	–	-0.08%	–
CLI	Exit	Mack-Cali Realty Co	$0	–	-101,906	–	-0.10%	–
PTEN	Exit	Patterson-UTI Energ	$0	–	-166,751	–	-0.12%	–
TDW	Exit	Tidewater Inc.	$0	–	-178,690	–	-0.13%	–
KMT	Exit	Kennametal Inc.	$0	–	-103,710	–	-0.14%	–
BXP	Exit	Boston Properties I	$0	–	-23,550	–	-0.15%	–
OGE	Exit	OGE Energy Corp.	$0	–	-110,900	–	-0.16%	–
PNW	Exit	Pinnacle West Capit	$0	–	-49,370	–	-0.17%	–
HCP	Exit	HCP Inc.	$0	–	-86,800	–	-0.17%	–
KLAC	Exit	KLA-Tencor Corp.	$0	–	-69,380	–	-0.19%	–
COG	Exit	Cabot Oil & Gas Cor	$0	–	-159,320	–	-0.19%	–
SPLS	Exit	Staples Inc.	$0	–	-298,180	–	-0.19%	–
NFX	Exit	Newfield Exploratio	$0	–	-109,090	–	-0.19%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-66,731	–	-0.20%	–
REG	Exit	Regency Centers Cor	$0	–	-61,040	–	-0.20%	–
DV	Exit	DeVry Education Gro	$0	–	-145,350	–	-0.21%	–
ENS	Exit	EnerSys Inc.	$0	–	-75,502	–	-0.22%	–
DOV	Exit	Dover Corp.	$0	–	-71,090	–	-0.22%	–
PCAR	Exit	Paccar Inc.	$0	–	-79,290	–	-0.22%	–
SON	Exit	Sonoco Products Co.	$0	–	-111,990	–	-0.23%	–
ZBH	Exit	Zimmer Biomet Holdi	$0	–	-45,930	–	-0.23%	–
ON	Exit	ON Semiconductor Co	$0	–	-463,752	–	-0.24%	–
CI	Exit	CIGNA Corp.	$0	–	-32,330	–	-0.24%	–
MSI	Exit	Motorola Solutions	$0	–	-65,630	–	-0.24%	–
SXT	Exit	Sensient Technologi	$0	–	-73,420	–	-0.24%	–
XLNX	Exit	Xilinx Inc.	$0	–	-107,500	–	-0.25%	–
	Exit	Bed Bath & Beyond I	$0	–	-81,535	–	-0.25%	–
DRQ	Exit	Dril-Quip Inc.	$0	–	-81,094	–	-0.25%	–
STLD	Exit	Steel Dynamics Inc.	$0	–	-277,250	–	-0.26%	–
PLD	Exit	ProLogis Inc.	$0	–	-122,820	–	-0.26%	–
ZION	Exit	Zions Bancorp	$0	–	-173,550	–	-0.26%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-136,010	–	-0.26%	–
INGR	Exit	Ingredion Incorpora	$0	–	-55,102	–	-0.26%	–
THO	Exit	Thor Industries Inc	$0	–	-93,421	–	-0.26%	–
KEY	Exit	KeyCorp	$0	–	-374,850	–	-0.26%	–
CMA	Exit	Comerica Inc.	$0	–	-119,915	–	-0.27%	–
COO	Exit	Cooper Cos.	$0	–	-33,340	–	-0.27%	–
PXD	Exit	Pioneer Natural Res	$0	–	-41,220	–	-0.27%	–
GNTX	Exit	Gentex Corp.	$0	–	-324,570	–	-0.27%	–
FHN	Exit	First Horizon Natio	$0	–	-359,681	–	-0.28%	–
JBL	Exit	Jabil Circuit Inc.	$0	–	-231,440	–	-0.28%	–
LNC	Exit	Lincoln National Co	$0	–	-109,470	–	-0.28%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-46,330	–	-0.28%	–
DFS	Exit	Discover Financial	$0	–	-106,340	–	-0.30%	–
ARRS	Exit	Arris Group Inc.	$0	–	-218,054	–	-0.30%	–
STI	Exit	SunTrust Banks Inc.	$0	–	-149,360	–	-0.31%	–
CTXS	Exit	Citrix Systems Inc.	$0	–	-84,260	–	-0.32%	–
TSN	Exit	Tyson Foods Inc. (C	$0	–	-143,520	–	-0.33%	–
LUV	Exit	Southwest Airlines	$0	–	-198,950	–	-0.41%	–
MAT	Exit	Mattel Inc.	$0	–	-772,133	–	-0.88%	–
CMI	Exit	Cummins Inc.	$0	–	-153,225	–	-0.90%	–
BRCM	Exit	Broadcom Corp.	$0	–	-441,187	–	-1.22%	–
PH	Exit	Parker Hannifin Cor	$0	–	-240,334	–	-1.26%	–
ESV	Exit	ENSCO International	$0	–	-1,757,278	–	-1.33%	–
UNH	Exit	UnitedHealth Group	$0	–	-220,636	–	-1.38%	–
KSS	Exit	Kohl's Corp.	$0	–	-554,482	–	-1.38%	–
DVN	Exit	Devon Energy Corp.	$0	–	-720,589	–	-1.44%	–
IP	Exit	International Paper	$0	–	-712,078	–	-1.45%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-1,115,246	–	-1.45%	–
MU	Exit	Micron Technology I	$0	–	-1,813,827	–	-1.46%	–
ETR	Exit	Entergy Corp.	$0	–	-438,094	–	-1.54%	–
NUE	Exit	Nucor Corp.	$0	–	-799,299	–	-1.62%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-2,046,917	–	-1.70%	–
MRK	Exit	Merck & Co Inc	$0	–	-649,405	–	-1.73%	–
BEN	Exit	Franklin Resources	$0	–	-874,594	–	-1.76%	–
NOV	Exit	National Oilwell Va	$0	–	-866,541	–	-1.76%	–
	Exit	American Electric P	$0	–	-575,603	–	-1.76%	–
GS	Exit	Goldman Sachs Group	$0	–	-188,286	–	-1.76%	–
COF	Exit	Capital One Financi	$0	–	-465,438	–	-1.82%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-315,570	–	-1.85%	–
VFC	Exit	VF Corp.	$0	–	-506,114	–	-1.86%	–
FOXA	Exit	Twenty-First Centur	$0	–	-1,293,656	–	-1.88%	–
	Exit	Archer Daniels Midl	$0	–	-846,473	–	-1.89%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-372,122	–	-1.93%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-601,420	–	-1.98%	–
STT	Exit	State Street Corp.	$0	–	-549,226	–	-1.99%	–
MSFT	Exit	Microsoft Corp.	$0	–	-846,805	–	-2.02%	–
DHR	Exit	Danaher Corp.	$0	–	-448,388	–	-2.06%	–
WHR	Exit	Whirlpool Corp.	$0	–	-261,355	–	-2.07%	–
STJ	Exit	St. Jude Medical In	$0	–	-614,031	–	-2.09%	–
C	Exit	Citigroup Inc.	$0	–	-784,400	–	-2.10%	–
FLR	Exit	Fluor Corp.	$0	–	-933,984	–	-2.13%	–
	Exit	Allstate Corp.	$0	–	-690,136	–	-2.17%	–
EMC	Exit	EMC Corp.	$0	–	-1,684,901	–	-2.19%	–
GD	Exit	General Dynamics Co	$0	–	-295,845	–	-2.20%	–
COP	Exit	ConocoPhillips	$0	–	-854,918	–	-2.21%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-1,567,490	–	-2.22%	–
INTC	Exit	Intel Corp.	$0	–	-1,374,573	–	-2.23%	–
MET	Exit	MetLife Inc.	$0	–	-903,093	–	-2.29%	–
PEG	Exit	Public Service Ente	$0	–	-1,026,969	–	-2.33%	–
GE	Exit	General Electric Co	$0	–	-1,735,998	–	-2.36%	–
CVX	Exit	Chevron Corp.	$0	–	-555,229	–	-2.36%	–
JNJ	Exit	Johnson & Johnson	$0	–	-469,756	–	-2.36%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-1,754,665	–	-2.38%	–
	Exit	American Int'l Grou	$0	–	-779,329	–	-2.39%	–
HIG	Exit	Hartford Financial	$0	–	-982,034	–	-2.42%	–

Q3 2015

			Value		Shares		↓ Weighting
HIG	Sell	Hartford Financial	$44,958,000	-11.3%	982,034	-19.4%	2.42%	+13.7%
	Sell	American Int'l Grou	$44,281,000	-16.5%	779,329	-9.1%	2.39%	+7.0%
LUMN	Buy	CenturyLink Inc.	$44,077,000	-13.3%	1,754,665	+1.4%	2.38%	+11.0%
JNJ	Sell	Johnson & Johnson	$43,852,000	-15.8%	469,756	-12.1%	2.36%	+7.9%
CVX	Sell	Chevron Corp.	$43,796,000	-21.2%	555,229	-3.6%	2.36%	+1.0%
GE	Buy	General Electric Co	$43,782,000	-2.7%	1,735,998	+2.5%	2.36%	+24.7%
PEG	Sell	Public Service Ente	$43,297,000	-4.1%	1,026,969	-10.7%	2.33%	+22.9%
MET	Sell	MetLife Inc.	$42,581,000	-27.5%	903,093	-13.9%	2.29%	-7.1%
INTC	Sell	Intel Corp.	$41,430,000	-12.9%	1,374,573	-12.1%	2.23%	+11.5%
CSCO	Sell	Cisco Systems Inc.	$41,147,000	-16.1%	1,567,490	-12.3%	2.22%	+7.5%
COP	Sell	ConocoPhillips	$41,002,000	-25.6%	854,918	-4.8%	2.21%	-4.7%
GD	Sell	General Dynamics Co	$40,812,000	-19.3%	295,845	-17.2%	2.20%	+3.3%
EMC	Sell	EMC Corp.	$40,707,000	-19.7%	1,684,901	-12.3%	2.19%	+2.8%
	Buy	Allstate Corp.	$40,194,000	+5.3%	690,136	+17.3%	2.17%	+35.0%
FLR	Buy	Fluor Corp.	$39,554,000	-12.5%	933,984	+9.6%	2.13%	+12.2%
C	Sell	Citigroup Inc.	$38,914,000	-20.6%	784,400	-11.6%	2.10%	+1.7%
STJ	Sell	St. Jude Medical In	$38,739,000	-21.3%	614,031	-8.9%	2.09%	+0.8%
WHR	Sell	Whirlpool Corp.	$38,487,000	-24.0%	261,355	-10.7%	2.07%	-2.6%
DHR	Sell	Danaher Corp.	$38,207,000	-4.8%	448,388	-4.3%	2.06%	+22.1%
MSFT	Sell	Microsoft Corp.	$37,480,000	-12.0%	846,805	-12.2%	2.02%	+12.7%
STT	Sell	State Street Corp.	$36,913,000	-23.5%	549,226	-12.3%	1.99%	-1.9%
JPM	Sell	JPMorgan Chase & Co	$36,669,000	-20.8%	601,420	-12.0%	1.98%	+1.5%
CVS	Sell	CVS Caremark Corp.	$35,902,000	-19.1%	372,122	-12.1%	1.93%	+3.6%
	Sell	Archer Daniels Midl	$35,086,000	-21.1%	846,473	-8.3%	1.89%	+1.0%
FOXA	Sell	Twenty-First Centur	$34,903,000	-20.8%	1,293,656	-4.4%	1.88%	+1.5%
VFC	Sell	VF Corp.	$34,522,000	-20.4%	506,114	-18.6%	1.86%	+2.0%
KMB	Sell	Kimberly-Clark Corp	$34,410,000	-18.0%	315,570	-20.3%	1.85%	+5.0%
COF	Buy	Capital One Financi	$33,754,000	-5.2%	465,438	+15.1%	1.82%	+21.5%
GS	Sell	Goldman Sachs Group	$32,717,000	-26.1%	188,286	-11.2%	1.76%	-5.3%
	Sell	American Electric P	$32,729,000	-5.7%	575,603	-12.1%	1.76%	+20.8%
NOV	Sell	National Oilwell Va	$32,625,000	-31.7%	866,541	-12.5%	1.76%	-12.5%
BEN	Sell	Franklin Resources	$32,587,000	-26.3%	874,594	-3.0%	1.76%	-5.5%
MRK	Buy	Merck & Co Inc	$32,074,000	+7222.8%	649,405	+8333.8%	1.73%	+9500.0%
MRO	Buy	Marathon Oil Corp.	$31,523,000	-34.2%	2,046,917	+13.3%	1.70%	-15.8%
NUE	Sell	Nucor Corp.	$30,014,000	-25.2%	799,299	-12.2%	1.62%	-4.2%
ETR	Sell	Entergy Corp.	$28,520,000	-15.6%	438,094	-8.6%	1.54%	+8.2%
MU	Buy	Micron Technology I	$27,171,000	+2.2%	1,813,827	+28.5%	1.46%	+30.9%
MUR	Sell	Murphy Oil Corp.	$26,989,000	-44.1%	1,115,246	-3.9%	1.45%	-28.3%
IP	Sell	International Paper	$26,909,000	-29.5%	712,078	-11.2%	1.45%	-9.7%
DVN	Sell	Devon Energy Corp.	$26,727,000	-38.3%	720,589	-1.1%	1.44%	-21.0%
KSS	Buy	Kohl's Corp.	$25,678,000	-22.2%	554,482	+5.1%	1.38%	-0.4%
UNH	Sell	UnitedHealth Group	$25,596,000	-25.6%	220,636	-21.8%	1.38%	-4.8%
ESV	Sell	ENSCO International	$24,742,000	-43.9%	1,757,278	-11.3%	1.33%	-28.1%
PH	Buy	Parker Hannifin Cor	$23,384,000	+412.7%	240,334	+512.9%	1.26%	+556.2%
BRCM	Sell	Broadcom Corp.	$22,690,000	-45.5%	441,187	-45.4%	1.22%	-30.2%
CMI	Buy	Cummins Inc.	$16,637,000	+2627.4%	153,225	+3195.2%	0.90%	+3346.2%
MAT	Sell	Mattel Inc.	$16,261,000	-52.8%	772,133	-42.4%	0.88%	-39.5%
LUV	Buy	Southwest Airlines	$7,568,000	+17.6%	198,950	+2.3%	0.41%	+50.6%
TSN	Buy	Tyson Foods Inc. (C	$6,186,000	+3.6%	143,520	+2.4%	0.33%	+32.7%
CTXS	Buy	Citrix Systems Inc.	$5,838,000	+0.1%	84,260	+1.3%	0.32%	+28.6%
STI	Buy	SunTrust Banks Inc.	$5,712,000	-9.4%	149,360	+1.9%	0.31%	+16.2%
ARRS	Buy	Arris Group Inc.	$5,663,000	-13.8%	218,054	+1.6%	0.30%	+10.5%
DFS	Buy	Discover Financial	$5,529,000	-7.9%	106,340	+2.1%	0.30%	+18.3%
SJM	Buy	J.M. Smucker Co.	$5,286,000	+9.0%	46,330	+3.6%	0.28%	+39.7%
LNC	Buy	Lincoln National Co	$5,195,000	-19.5%	109,470	+0.5%	0.28%	+3.3%
JBL	Buy	Jabil Circuit Inc.	$5,177,000	+7.4%	231,440	+2.2%	0.28%	+37.4%
FHN	Buy	First Horizon Natio	$5,100,000	-7.9%	359,681	+1.8%	0.28%	+18.0%
GNTX	Buy	Gentex Corp.	$5,031,000	+2.6%	324,570	+8.7%	0.27%	+31.6%
PXD	Buy	Pioneer Natural Res	$5,014,000	-9.8%	41,220	+2.9%	0.27%	+15.4%
COO	Buy	Cooper Cos.	$4,963,000	-14.9%	33,340	+1.8%	0.27%	+9.0%
CMA	Buy	Comerica Inc.	$4,929,000	-18.9%	119,915	+1.2%	0.27%	+3.9%
KEY	Buy	KeyCorp	$4,877,000	-11.9%	374,850	+1.7%	0.26%	+12.9%
THO	Buy	Thor Industries Inc	$4,839,000	-5.2%	93,421	+3.0%	0.26%	+21.4%
INGR	Buy	Ingredion Incorpora	$4,811,000	+12.4%	55,102	+2.8%	0.26%	+43.9%
XEL	Buy	Xcel Energy Inc.	$4,816,000	+11.9%	136,010	+1.7%	0.26%	+43.1%
ZION	Buy	Zions Bancorp	$4,780,000	-11.4%	173,550	+2.1%	0.26%	+13.7%
STLD	Buy	Steel Dynamics Inc.	$4,763,000	-10.6%	277,250	+7.8%	0.26%	+14.7%
PLD	Buy	ProLogis Inc.	$4,778,000	+23.1%	122,820	+17.4%	0.26%	+57.7%
DRQ	Buy	Dril-Quip Inc.	$4,721,000	+3.7%	81,094	+34.0%	0.25%	+33.0%
	Buy	Bed Bath & Beyond I	$4,649,000	-15.1%	81,535	+2.7%	0.25%	+8.7%
XLNX	Buy	Xilinx Inc.	$4,558,000	-1.1%	107,500	+3.0%	0.25%	+26.8%
SXT	Buy	Sensient Technologi	$4,501,000	-9.0%	73,420	+1.4%	0.24%	+16.8%
MSI	Buy	Motorola Solutions	$4,488,000	+21.8%	65,630	+2.1%	0.24%	+56.1%
CI	Sell	CIGNA Corp.	$4,365,000	-39.8%	32,330	-27.7%	0.24%	-23.0%
ON	Buy	ON Semiconductor Co	$4,359,000	-18.7%	463,752	+1.1%	0.24%	+4.4%
ZBH	Buy	Zimmer Biomet Holdi	$4,314,000	-11.0%	45,930	+3.5%	0.23%	+13.7%
SON	Buy	Sonoco Products Co.	$4,227,000	-10.7%	111,990	+1.4%	0.23%	+14.6%
PCAR	Buy	Paccar Inc.	$4,137,000	-16.4%	79,290	+2.3%	0.22%	+7.2%
DOV	Sell	Dover Corp.	$4,065,000	-91.0%	71,090	-88.9%	0.22%	-88.5%
ENS	Buy	EnerSys Inc.	$4,045,000	-20.7%	75,502	+4.1%	0.22%	+1.9%
DV	Buy	DeVry Education Gro	$3,955,000	-8.0%	145,350	+1.4%	0.21%	+17.7%
REG	Buy	Regency Centers Cor	$3,794,000	+8.2%	61,040	+2.6%	0.20%	+38.8%
RBC	Buy	Regal-Beloit Corp.	$3,767,000	-21.2%	66,731	+1.3%	0.20%	+1.0%
NFX	Buy	Newfield Exploratio	$3,589,000	-6.7%	109,090	+2.5%	0.19%	+19.1%
COG	Buy	Cabot Oil & Gas Cor	$3,483,000	-29.4%	159,320	+1.9%	0.19%	-9.2%
SPLS	Buy	Staples Inc.	$3,498,000	-22.1%	298,180	+1.7%	0.19%	-0.5%
KLAC	Buy	KLA-Tencor Corp.	$3,469,000	-9.1%	69,380	+2.2%	0.19%	+16.1%
HCP	Buy	HCP Inc.	$3,233,000	+4.2%	86,800	+2.0%	0.17%	+33.8%
PNW	Buy	Pinnacle West Capit	$3,167,000	+16.0%	49,370	+2.9%	0.17%	+48.7%
OGE	Buy	OGE Energy Corp.	$3,034,000	-1.9%	110,900	+2.4%	0.16%	+25.4%
BXP	Buy	Boston Properties I	$2,788,000	-2.1%	23,550	+0.1%	0.15%	+25.0%
KMT	Buy	Kennametal Inc.	$2,581,000	-25.9%	103,710	+1.5%	0.14%	-5.4%
TDW	Buy	Tidewater Inc.	$2,348,000	-41.3%	178,690	+1.6%	0.13%	-24.4%
PTEN	Buy	Patterson-UTI Energ	$2,191,000	-29.2%	166,751	+1.4%	0.12%	-9.2%
CLI	Buy	Mack-Cali Realty Co	$1,924,000	+5.3%	101,906	+2.8%	0.10%	+35.1%
WLL	Sell	Whiting Petroleum C	$1,241,000	-54.7%	81,240	-0.4%	0.07%	-41.7%
PEP	Buy	PepsiCo Inc.	$1,068,000	+2.4%	11,325	+1.3%	0.06%	+31.8%
MCD	Buy	McDonald's Corp.	$961,000	+8.1%	9,750	+4.3%	0.05%	+40.5%
	Buy	Apple Inc.	$791,000	-6.2%	7,171	+6.7%	0.04%	+22.9%
BMY	Buy	Bristol-Myers Squib	$740,000	-5.7%	12,500	+5.9%	0.04%	+21.2%
BLK	Sell	Blackrock Inc.	$743,000	-15.8%	2,498	-2.0%	0.04%	+8.1%
WBA	Buy	Walgreen Co.	$707,000	+1.4%	8,505	+3.0%	0.04%	+31.0%
	Buy	Boeing Co.	$576,000	+1.2%	4,395	+7.2%	0.03%	+29.2%
KR	Buy	Kroger Co.	$542,000	+2.3%	15,030	+105.5%	0.03%	+31.8%
PFE	Buy	Pfizer Inc.	$534,000	-0.4%	17,000	+6.2%	0.03%	+26.1%
VZ	Buy	Verizon Communicati	$505,000	-5.1%	11,612	+1.8%	0.03%	+22.7%
F	Sell	Ford Motor Co.	$469,000	-24.8%	34,575	-16.8%	0.02%	-3.8%
GME	Sell	GameStop Corp. (Cl	$459,000	-5.6%	11,145	-1.5%	0.02%	+25.0%
GOOG	New	Alphabet Inc. (Cl C	$448,000	–	737	–	0.02%	–
CELG	Sell	Celgene Corp.	$443,000	-7.1%	4,099	-0.6%	0.02%	+20.0%
NEE	Buy	NextEra Energy Inc	$431,000	+14.9%	4,423	+15.7%	0.02%	+43.8%
BX	New	THE BLACKSTONE GROU	$416,000	–	13,150	–	0.02%	–
GILD	Buy	Gilead Sciences Inc	$403,000	-13.0%	4,105	+3.8%	0.02%	+15.8%
SLB	Sell	Schlumberger Ltd.	$391,000	-35.8%	5,670	-19.8%	0.02%	-19.2%
ABBV	Buy	Abbvie Inc	$379,000	-15.2%	6,960	+4.5%	0.02%	+5.3%
UTX	Sell	United Technologies	$376,000	-31.1%	4,223	-14.2%	0.02%	-13.0%
HOG	Buy	Harley-Davidson Inc	$355,000	+9.2%	6,470	+12.1%	0.02%	+35.7%
PKG	Buy	Packaging Corp. of	$344,000	+8.2%	5,715	+12.4%	0.02%	+46.2%
XOM	New	Exxon Mobil Corp.	$316,000	–	4,250	–	0.02%	–
CNP	Sell	CenterPoint Energy	$305,000	-11.1%	16,915	-6.3%	0.02%	+14.3%
GLW	Sell	Corning Inc.	$273,000	-35.8%	15,920	-26.0%	0.02%	-16.7%
ESRX	Sell	Express Scripts Inc	$233,000	-9.3%	2,874	-0.3%	0.01%	+18.2%
HELE	Sell	Helen of Troy Corp.	$222,000	-32.5%	2,485	-26.3%	0.01%	-14.3%
	Sell	VANGUARD EQUITY INC	$216,000	-6.9%	7,498	-0.9%	0.01%	+20.0%
	Sell	FIDELITY ADVISOR LA	$222,000	-11.2%	9,326	-1.1%	0.01%	+9.1%
SYNA	Sell	Synaptics Inc.	$207,000	-28.6%	2,512	-25.0%	0.01%	-8.3%
HUM	Exit	Humana Inc.	$0	–	-1,050	–	-0.01%	–
	Exit	DWS S&P 500 INDEX-C	$0	–	-7,732	–	-0.01%	–
ESL	Exit	Esterline Technolog	$0	–	-2,342	–	-0.01%	–
ENSG	Exit	Ensign Group Inc.	$0	–	-4,020	–	-0.01%	–
MSCC	Exit	Microsemi Corp.	$0	–	-5,879	–	-0.01%	–
MENT	Exit	Mentor Graphics Cor	$0	–	-7,812	–	-0.01%	–
	Exit	Aaron's Inc.	$0	–	-5,678	–	-0.01%	–
IDA	Exit	IDACORP Inc.	$0	–	-3,621	–	-0.01%	–
SFG	Exit	StanCorp Financial	$0	–	-2,973	–	-0.01%	–
ITG	Exit	Investment Technolo	$0	–	-9,733	–	-0.01%	–
BRLI	Exit	Bio-Reference Labor	$0	–	-6,458	–	-0.01%	–
AGN	Exit	Allergan Inc.	$0	–	-972	–	-0.01%	–
CF	Exit	CF Industries Holdi	$0	–	-5,340	–	-0.01%	–
GOOG	Exit	Google Inc. (Cl C)	$0	–	-697	–	-0.02%	–
	Exit	W.R. Berkley Corp.	$0	–	-105,540	–	-0.23%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-380,234	–	-1.34%	–
DE	Exit	Deere & Co.	$0	–	-352,711	–	-1.44%	–
FCX	Exit	Freeport-McMoRan In	$0	–	-2,220,083	–	-1.74%	–

Q2 2015

			Value		Shares		↓ Weighting
MET	New	MetLife Inc.	$58,714,000	–	1,048,657	–	2.47%	–
CVX	New	Chevron Corp.	$55,571,000	–	576,049	–	2.34%	–
COP	New	ConocoPhillips	$55,146,000	–	898,001	–	2.32%	–
	New	American Int'l Grou	$53,000,000	–	857,327	–	2.23%	–
JNJ	New	Johnson & Johnson	$52,079,000	–	534,362	–	2.19%	–
LUMN	New	CenturyLink Inc.	$50,858,000	–	1,731,036	–	2.14%	–
EMC	New	EMC Corp.	$50,721,000	–	1,921,964	–	2.13%	–
HIG	New	Hartford Financial	$50,672,000	–	1,218,944	–	2.13%	–
WHR	New	Whirlpool Corp.	$50,626,000	–	292,550	–	2.13%	–
GD	New	General Dynamics Co	$50,598,000	–	357,102	–	2.13%	–
STJ	New	St. Jude Medical In	$49,229,000	–	673,725	–	2.07%	–
CSCO	New	Cisco Systems Inc.	$49,068,000	–	1,786,876	–	2.06%	–
C	New	Citigroup Inc.	$49,022,000	–	887,430	–	2.06%	–
MUR	New	Murphy Oil Corp.	$48,241,000	–	1,160,468	–	2.03%	–
STT	New	State Street Corp.	$48,223,000	–	626,268	–	2.03%	–
MRO	New	Marathon Oil Corp.	$47,931,000	–	1,805,993	–	2.02%	–
NOV	New	National Oilwell Va	$47,791,000	–	989,873	–	2.01%	–
INTC	New	Intel Corp.	$47,580,000	–	1,564,359	–	2.00%	–
JPM	New	JPMorgan Chase & Co	$46,295,000	–	683,222	–	1.95%	–
FLR	New	Fluor Corp.	$45,193,000	–	852,528	–	1.90%	–
PEG	New	Public Service Ente	$45,148,000	–	1,149,394	–	1.90%	–
DOV	New	Dover Corp.	$45,103,000	–	642,671	–	1.90%	–
GE	New	General Electric Co	$45,005,000	–	1,693,815	–	1.89%	–
	New	Archer Daniels Midl	$44,492,000	–	922,690	–	1.87%	–
CVS	New	CVS Caremark Corp.	$44,402,000	–	423,356	–	1.87%	–
GS	New	Goldman Sachs Group	$44,258,000	–	211,974	–	1.86%	–
BEN	New	Franklin Resources	$44,204,000	–	901,564	–	1.86%	–
ESV	New	ENSCO International	$44,111,000	–	1,980,738	–	1.86%	–
FOXA	New	Twenty-First Centur	$44,063,000	–	1,353,901	–	1.85%	–
DVN	New	Devon Energy Corp.	$43,344,000	–	728,585	–	1.82%	–
VFC	New	VF Corp.	$43,349,000	–	621,579	–	1.82%	–
MSFT	New	Microsoft Corp.	$42,599,000	–	964,867	–	1.79%	–
KMB	New	Kimberly-Clark Corp	$41,969,000	–	396,042	–	1.76%	–
BRCM	New	Broadcom Corp.	$41,614,000	–	808,187	–	1.75%	–
FCX	New	Freeport-McMoRan In	$41,338,000	–	2,220,083	–	1.74%	–
NUE	New	Nucor Corp.	$40,136,000	–	910,744	–	1.69%	–
DHR	New	Danaher Corp.	$40,115,000	–	468,685	–	1.69%	–
	New	Allstate Corp.	$38,180,000	–	588,559	–	1.60%	–
IP	New	International Paper	$38,163,000	–	801,918	–	1.60%	–
COF	New	Capital One Financi	$35,588,000	–	404,546	–	1.50%	–
	New	American Electric P	$34,690,000	–	654,905	–	1.46%	–
MAT	New	Mattel Inc.	$34,458,000	–	1,341,283	–	1.45%	–
UNH	New	UnitedHealth Group	$34,423,000	–	282,152	–	1.45%	–
DE	New	Deere & Co.	$34,231,000	–	352,711	–	1.44%	–
ETR	New	Entergy Corp.	$33,788,000	–	479,262	–	1.42%	–
KSS	New	Kohl's Corp.	$33,018,000	–	527,366	–	1.39%	–
LLY	New	Eli Lilly & Co.	$31,746,000	–	380,234	–	1.34%	–
MU	New	Micron Technology I	$26,595,000	–	1,411,612	–	1.12%	–
CI	New	CIGNA Corp.	$7,248,000	–	44,740	–	0.30%	–
ARRS	New	Arris Group Inc.	$6,566,000	–	214,579	–	0.28%	–
LNC	New	Lincoln National Co	$6,450,000	–	108,915	–	0.27%	–
LUV	New	Southwest Airlines	$6,435,000	–	194,460	–	0.27%	–
STI	New	SunTrust Banks Inc.	$6,308,000	–	146,620	–	0.26%	–
CMA	New	Comerica Inc.	$6,081,000	–	118,485	–	0.26%	–
DFS	New	Discover Financial	$6,002,000	–	104,170	–	0.25%	–
TSN	New	Tyson Foods Inc. (C	$5,972,000	–	140,100	–	0.25%	–
COO	New	Cooper Cos.	$5,829,000	–	32,750	–	0.24%	–
CTXS	New	Citrix Systems Inc.	$5,834,000	–	83,150	–	0.24%	–
PXD	New	Pioneer Natural Res	$5,557,000	–	40,070	–	0.23%	–
KEY	New	KeyCorp	$5,538,000	–	368,730	–	0.23%	–
FHN	New	First Horizon Natio	$5,539,000	–	353,459	–	0.23%	–
	New	Bed Bath & Beyond I	$5,474,000	–	79,355	–	0.23%	–
	New	W.R. Berkley Corp.	$5,481,000	–	105,540	–	0.23%	–
ZION	New	Zions Bancorp	$5,394,000	–	169,980	–	0.23%	–
ON	New	ON Semiconductor Co	$5,361,000	–	458,592	–	0.22%	–
STLD	New	Steel Dynamics Inc.	$5,328,000	–	257,190	–	0.22%	–
THO	New	Thor Industries Inc	$5,102,000	–	90,658	–	0.22%	–
ENS	New	EnerSys Inc.	$5,099,000	–	72,546	–	0.21%	–
PCAR	New	Paccar Inc.	$4,947,000	–	77,520	–	0.21%	–
SXT	New	Sensient Technologi	$4,946,000	–	72,380	–	0.21%	–
COG	New	Cabot Oil & Gas Cor	$4,931,000	–	156,340	–	0.21%	–
GNTX	New	Gentex Corp.	$4,902,000	–	298,560	–	0.21%	–
SJM	New	J.M. Smucker Co.	$4,850,000	–	44,740	–	0.20%	–
ZBH	New	Zimmer Biomet Holdi	$4,848,000	–	44,380	–	0.20%	–
JBL	New	Jabil Circuit Inc.	$4,821,000	–	226,460	–	0.20%	–
RBC	New	Regal-Beloit Corp.	$4,782,000	–	65,881	–	0.20%	–
SON	New	Sonoco Products Co.	$4,733,000	–	110,440	–	0.20%	–
XLNX	New	Xilinx Inc.	$4,611,000	–	104,410	–	0.19%	–
PH	New	Parker Hannifin Cor	$4,561,000	–	39,210	–	0.19%	–
DRQ	New	Dril-Quip Inc.	$4,552,000	–	60,498	–	0.19%	–
SPLS	New	Staples Inc.	$4,488,000	–	293,120	–	0.19%	–
DV	New	DeVry Education Gro	$4,299,000	–	143,380	–	0.18%	–
XEL	New	Xcel Energy Inc.	$4,305,000	–	133,780	–	0.18%	–
INGR	New	Ingredion Incorpora	$4,280,000	–	53,622	–	0.18%	–
TDW	New	Tidewater Inc.	$3,998,000	–	175,890	–	0.17%	–
PLD	New	ProLogis Inc.	$3,880,000	–	104,580	–	0.16%	–
NFX	New	Newfield Exploratio	$3,845,000	–	106,450	–	0.16%	–
KLAC	New	KLA-Tencor Corp.	$3,817,000	–	67,900	–	0.16%	–
MSI	New	Motorola Solutions	$3,686,000	–	64,290	–	0.16%	–
KMT	New	Kennametal Inc.	$3,485,000	–	102,140	–	0.15%	–
REG	New	Regency Centers Cor	$3,507,000	–	59,465	–	0.15%	–
HCP	New	HCP Inc.	$3,103,000	–	85,070	–	0.13%	–
OGE	New	OGE Energy Corp.	$3,094,000	–	108,280	–	0.13%	–
PTEN	New	Patterson-UTI Energ	$3,093,000	–	164,397	–	0.13%	–
BXP	New	Boston Properties I	$2,847,000	–	23,520	–	0.12%	–
WLL	New	Whiting Petroleum C	$2,740,000	–	81,540	–	0.12%	–
PNW	New	Pinnacle West Capit	$2,730,000	–	47,995	–	0.12%	–
CLI	New	Mack-Cali Realty Co	$1,827,000	–	99,115	–	0.08%	–
EFA	New	I SHARES TR MSCI EA	$1,559,000	–	24,556	–	0.07%	–
SPY	New	SPDR S&P 500 ETF TR	$1,169,000	–	5,677	–	0.05%	–
PEP	New	PepsiCo Inc.	$1,043,000	–	11,175	–	0.04%	–
LOW	New	Lowe's Cos.	$984,000	–	14,700	–	0.04%	–
BLK	New	Blackrock Inc.	$882,000	–	2,548	–	0.04%	–
MCD	New	McDonald's Corp.	$889,000	–	9,350	–	0.04%	–
V	New	Visa Inc.	$867,000	–	12,916	–	0.04%	–
	New	Apple Inc.	$843,000	–	6,721	–	0.04%	–
BMY	New	Bristol-Myers Squib	$785,000	–	11,800	–	0.03%	–
WBA	New	Walgreen Co.	$697,000	–	8,255	–	0.03%	–
CMI	New	Cummins Inc.	$610,000	–	4,650	–	0.03%	–
F	New	Ford Motor Co.	$624,000	–	41,575	–	0.03%	–
SLB	New	Schlumberger Ltd.	$609,000	–	7,070	–	0.03%	–
	New	Boeing Co.	$569,000	–	4,100	–	0.02%	–
UTX	New	United Technologies	$546,000	–	4,923	–	0.02%	–
PFE	New	Pfizer Inc.	$536,000	–	16,000	–	0.02%	–
VZ	New	Verizon Communicati	$532,000	–	11,412	–	0.02%	–
KR	New	Kroger Co.	$530,000	–	7,315	–	0.02%	–
GME	New	GameStop Corp. (Cl	$486,000	–	11,310	–	0.02%	–
CELG	New	Celgene Corp.	$477,000	–	4,124	–	0.02%	–
AET	New	Aetna Inc.	$445,000	–	3,495	–	0.02%	–
ABBV	New	Abbvie Inc	$447,000	–	6,660	–	0.02%	–
GILD	New	Gilead Sciences Inc	$463,000	–	3,955	–	0.02%	–
MRK	New	Merck & Co Inc	$438,000	–	7,700	–	0.02%	–
GLW	New	Corning Inc.	$425,000	–	21,520	–	0.02%	–
NEE	New	NextEra Energy Inc	$375,000	–	3,823	–	0.02%	–
GOOG	New	Google Inc. (Cl C)	$363,000	–	697	–	0.02%	–
HELE	New	Helen of Troy Corp.	$329,000	–	3,371	–	0.01%	–
CNP	New	CenterPoint Energy	$343,000	–	18,045	–	0.01%	–
CF	New	CF Industries Holdi	$343,000	–	5,340	–	0.01%	–
HOG	New	Harley-Davidson Inc	$325,000	–	5,770	–	0.01%	–
PKG	New	Packaging Corp. of	$318,000	–	5,085	–	0.01%	–
AGN	New	Allergan Inc.	$295,000	–	972	–	0.01%	–
SYNA	New	Synaptics Inc.	$290,000	–	3,348	–	0.01%	–
ESRX	New	Express Scripts Inc	$257,000	–	2,884	–	0.01%	–
	New	FIDELITY ADVISOR LA	$250,000	–	9,427	–	0.01%	–
ACN	New	Accenture Plc	$252,000	–	2,600	–	0.01%	–
BRLI	New	Bio-Reference Labor	$266,000	–	6,458	–	0.01%	–
GOOGL	New	Google Inc. (Cl A)	$248,000	–	460	–	0.01%	–
PCLN	New	priceline.com Inc.	$230,000	–	200	–	0.01%	–
ITG	New	Investment Technolo	$241,000	–	9,733	–	0.01%	–
	New	VANGUARD EQUITY INC	$232,000	–	7,563	–	0.01%	–
SFG	New	StanCorp Financial	$225,000	–	2,973	–	0.01%	–
	New	Aaron's Inc.	$206,000	–	5,678	–	0.01%	–
MSCC	New	Microsemi Corp.	$205,000	–	5,879	–	0.01%	–
ENSG	New	Ensign Group Inc.	$205,000	–	4,020	–	0.01%	–
ESL	New	Esterline Technolog	$223,000	–	2,342	–	0.01%	–
MENT	New	Mentor Graphics Cor	$206,000	–	7,812	–	0.01%	–
IDA	New	IDACORP Inc.	$203,000	–	3,621	–	0.01%	–
	New	DWS S&P 500 INDEX-C	$200,000	–	7,732	–	0.01%	–
HUM	New	Humana Inc.	$201,000	–	1,050	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
ABBV	Exit	Abbvie Inc	$0	–	-3,500	–	-0.01%	–
ACN	Exit	Accenture Plc	$0	–	-2,600	–	-0.01%	–
MS	Exit	Morgan Stanley	$0	–	-6,695	–	-0.01%	–
PCLN	Exit	priceline.com Inc.	$0	–	-200	–	-0.01%	–
ESRX	Exit	Express Scripts Inc	$0	–	-3,617	–	-0.01%	–
EGY	Exit	Vaalco Energy Inc.	$0	–	-29,989	–	-0.01%	–
EWBC	Exit	East West Bancorp I	$0	–	-6,970	–	-0.01%	–
	Exit	FIDELITY ADVISOR LA	$0	–	-9,321	–	-0.01%	–
DISCA	Exit	Discovery Commun In	$0	–	-7,460	–	-0.01%	–
ITG	Exit	Investment Technolo	$0	–	-17,602	–	-0.01%	–
ABT	Exit	Abbott Laboratories	$0	–	-6,805	–	-0.01%	–
GOOGL	Exit	Google Inc. (Cl A)	$0	–	-450	–	-0.01%	–
BRLI	Exit	Bio-Reference Labor	$0	–	-10,353	–	-0.01%	–
SFG	Exit	StanCorp Financial	$0	–	-4,829	–	-0.01%	–
CJES	Exit	C & J Energy Servic	$0	–	-10,109	–	-0.01%	–
NEE	Exit	NextEra Energy Inc	$0	–	-4,170	–	-0.01%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-3,673	–	-0.01%	–
CNP	Exit	CenterPoint Energy	$0	–	-15,199	–	-0.01%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-7,470	–	-0.01%	–
BA	Exit	Boeing Co.	$0	–	-2,925	–	-0.01%	–
GOOG	Exit	Google Inc. (Cl C)	$0	–	-672	–	-0.01%	–
EBAY	Exit	eBay Inc.	$0	–	-6,838	–	-0.01%	–
CF	Exit	CF Industries Holdi	$0	–	-1,415	–	-0.02%	–
ESL	Exit	Esterline Technolog	$0	–	-4,012	–	-0.02%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-5,955	–	-0.02%	–
	Exit	VANGUARD EQUITY INC	$0	–	-13,611	–	-0.02%	–
AET	Exit	Aetna Inc.	$0	–	-5,795	–	-0.02%	–
SYNA	Exit	Synaptics Inc.	$0	–	-6,726	–	-0.02%	–
F	Exit	Ford Motor Co.	$0	–	-33,945	–	-0.02%	–
DD	Exit	E.I. DuPont de Nemo	$0	–	-7,343	–	-0.02%	–
PFE	Exit	Pfizer Inc.	$0	–	-17,551	–	-0.02%	–
NSC	Exit	Norfolk Southern Co	$0	–	-4,697	–	-0.02%	–
GME	Exit	GameStop Corp. (Cl	$0	–	-13,345	–	-0.02%	–
UTX	Exit	United Technologies	$0	–	-5,065	–	-0.02%	–
WAG	Exit	Walgreen Co.	$0	–	-9,311	–	-0.02%	–
CELG	Exit	Celgene Corp.	$0	–	-5,665	–	-0.02%	–
UTHR	Exit	United Therapeutics	$0	–	-4,343	–	-0.02%	–
DVN	Exit	Devon Energy Corp.	$0	–	-8,568	–	-0.02%	–
VZ	Exit	Verizon Communicati	$0	–	-11,608	–	-0.02%	–
KR	Exit	Kroger Co.	$0	–	-10,848	–	-0.02%	–
GE	Exit	General Electric Co	$0	–	-23,102	–	-0.02%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-13,060	–	-0.02%	–
V	Exit	Visa Inc.	$0	–	-3,531	–	-0.03%	–
AAPL	Exit	Apple Inc.	$0	–	-8,224	–	-0.03%	–
LOW	Exit	Lowe's Cos.	$0	–	-15,935	–	-0.03%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,622	–	-0.03%	–
MCD	Exit	McDonald's Corp.	$0	–	-10,100	–	-0.04%	–
PEP	Exit	PepsiCo Inc.	$0	–	-11,360	–	-0.04%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-19,156	–	-0.04%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-6,247	–	-0.04%	–
CLI	Exit	Mack-Cali Realty Co	$0	–	-159,400	–	-0.11%	–
BXP	Exit	Boston Properties I	$0	–	-38,220	–	-0.16%	–
PLD	Exit	ProLogis Inc.	$0	–	-125,010	–	-0.17%	–
BRCM	Exit	Broadcom Corp.	$0	–	-129,650	–	-0.19%	–
REG	Exit	Regency Centers Cor	$0	–	-99,475	–	-0.20%	–
PNW	Exit	Pinnacle West Capit	$0	–	-98,065	–	-0.20%	–
HCP	Exit	HCP Inc.	$0	–	-141,240	–	-0.21%	–
TDW	Exit	Tidewater Inc.	$0	–	-146,070	–	-0.21%	–
SPLS	Exit	Staples Inc.	$0	–	-486,290	–	-0.22%	–
SXT	Exit	Sensient Technologi	$0	–	-118,442	–	-0.23%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-213,000	–	-0.24%	–
GNTX	Exit	Gentex Corp.	$0	–	-243,800	–	-0.24%	–
NFX	Exit	Newfield Exploratio	$0	–	-177,410	–	-0.24%	–
OGE	Exit	OGE Energy Corp.	$0	–	-181,020	–	-0.25%	–
MSI	Exit	Motorola Solutions	$0	–	-106,230	–	-0.25%	–
ON	Exit	ON Semiconductor Co	$0	–	-764,810	–	-0.25%	–
KMT	Exit	Kennametal Inc.	$0	–	-168,280	–	-0.26%	–
ENS	Exit	EnerSys Inc.	$0	–	-118,550	–	-0.26%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-108,380	–	-0.26%	–
FHN	Exit	First Horizon Natio	$0	–	-583,292	–	-0.26%	–
SON	Exit	Sonoco Products Co.	$0	–	-184,880	–	-0.27%	–
XLNX	Exit	Xilinx Inc.	$0	–	-172,870	–	-0.27%	–
PH	Exit	Parker Hannifin Cor	$0	–	-65,900	–	-0.28%	–
JBL	Exit	Jabil Circuit Inc.	$0	–	-377,581	–	-0.28%	–
MYGN	Exit	Myriad Genetics Inc	$0	–	-211,993	–	-0.30%	–
ZION	Exit	Zions Bancorp	$0	–	-283,630	–	-0.30%	–
WRB	Exit	W.R. Berkley Corp.	$0	–	-174,120	–	-0.31%	–
COO	Exit	Cooper Cos.	$0	–	-54,070	–	-0.31%	–
INGR	Exit	Ingredion Incorpora	$0	–	-111,385	–	-0.31%	–
COG	Exit	Cabot Oil & Gas Cor	$0	–	-259,520	–	-0.31%	–
PTEN	Exit	Patterson-UTI Energ	$0	–	-264,748	–	-0.32%	–
DV	Exit	DeVry Education Gro	$0	–	-200,900	–	-0.32%	–
TSN	Exit	Tyson Foods Inc. (C	$0	–	-220,320	–	-0.32%	–
BBBY	Exit	Bed Bath & Beyond I	$0	–	-132,157	–	-0.32%	–
PXD	Exit	Pioneer Natural Res	$0	–	-44,810	–	-0.32%	–
KLAC	Exit	KLA-Tencor Corp.	$0	–	-113,520	–	-0.33%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-89,215	–	-0.33%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-175,800	–	-0.33%	–
STI	Exit	SunTrust Banks Inc.	$0	–	-244,330	–	-0.34%	–
RE	Exit	Everest Re Group Lt	$0	–	-57,485	–	-0.34%	–
HUM	Exit	Humana Inc.	$0	–	-72,770	–	-0.35%	–
TRW	Exit	TRW Automotive Hold	$0	–	-94,620	–	-0.35%	–
LNC	Exit	Lincoln National Co	$0	–	-181,090	–	-0.36%	–
CMA	Exit	Comerica Inc.	$0	–	-194,515	–	-0.36%	–
HSP	Exit	Hospira Inc.	$0	–	-188,345	–	-0.36%	–
ARRS	Exit	Arris Group Inc.	$0	–	-358,667	–	-0.37%	–
WLL	Exit	Whiting Petroleum C	$0	–	-133,740	–	-0.38%	–
DFS	Exit	Discover Financial	$0	–	-173,780	–	-0.41%	–
LUV	Exit	Southwest Airlines	$0	–	-419,360	–	-0.52%	–
DE	Exit	Deere & Co.	$0	–	-314,281	–	-0.95%	–
MU	Exit	Micron Technology I	$0	–	-904,437	–	-1.14%	–
SJM	Exit	J.M. Smucker Co.	$0	–	-320,207	–	-1.16%	–
ORCL	Exit	Oracle Corp.	$0	–	-835,836	–	-1.18%	–
DHR	Exit	Danaher Corp.	$0	–	-443,738	–	-1.24%	–
NUE	Exit	Nucor Corp.	$0	–	-635,224	–	-1.27%	–
MAT	Exit	Mattel Inc.	$0	–	-1,153,623	–	-1.30%	–
MRK	Exit	Merck & Co Inc	$0	–	-673,525	–	-1.47%	–
FCX	Exit	Freeport-McMoRan In	$0	–	-1,256,093	–	-1.51%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-403,146	–	-1.59%	–
FOXA	Exit	Twenty-First Centur	$0	–	-1,278,959	–	-1.61%	–
DOV	Exit	Dover Corp.	$0	–	-546,748	–	-1.61%	–
AEP	Exit	American Electric P	$0	–	-853,067	–	-1.64%	–
EMC	Exit	EMC Corp.	$0	–	-1,556,626	–	-1.67%	–
IP	Exit	International Paper	$0	–	-958,421	–	-1.68%	–
GS	Exit	Goldman Sachs Group	$0	–	-250,582	–	-1.69%	–
MSFT	Exit	Microsoft Corp.	$0	–	-1,003,741	–	-1.71%	–
COF	Exit	Capital One Financi	$0	–	-570,156	–	-1.71%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-1,853,448	–	-1.71%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-597,616	–	-1.75%	–
ETR	Exit	Entergy Corp.	$0	–	-616,988	–	-1.75%	–
VFC	Exit	VF Corp.	$0	–	-732,389	–	-1.78%	–
BEN	Exit	Franklin Resources	$0	–	-898,197	–	-1.80%	–
ADM	Exit	Archer Daniels Midl	$0	–	-997,101	–	-1.87%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-901,144	–	-1.88%	–
INTC	Exit	Intel Corp.	$0	–	-1,486,602	–	-1.90%	–
UNH	Exit	UnitedHealth Group	$0	–	-603,018	–	-1.91%	–
WHR	Exit	Whirlpool Corp.	$0	–	-359,418	–	-1.92%	–
AIG	Exit	American Int'l Grou	$0	–	-996,952	–	-1.98%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-1,437,876	–	-1.98%	–
PEG	Exit	Public Service Ente	$0	–	-1,452,217	–	-1.99%	–
KSS	Exit	Kohl's Corp.	$0	–	-900,416	–	-2.02%	–
NOV	Exit	National Oilwell Va	$0	–	-727,441	–	-2.03%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-863,565	–	-2.06%	–
STJ	Exit	St. Jude Medical In	$0	–	-933,218	–	-2.06%	–
GD	Exit	General Dynamics Co	$0	–	-442,041	–	-2.06%	–
HIG	Exit	Hartford Financial	$0	–	-1,516,919	–	-2.08%	–
STT	Exit	State Street Corp.	$0	–	-770,225	–	-2.08%	–
FLR	Exit	Fluor Corp.	$0	–	-851,311	–	-2.09%	–
MET	Exit	MetLife Inc.	$0	–	-1,085,195	–	-2.14%	–
ESV	Exit	ENSCO International	$0	–	-1,441,989	–	-2.19%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-1,477,536	–	-2.22%	–
JNJ	Exit	Johnson & Johnson	$0	–	-569,837	–	-2.23%	–
CVX	Exit	Chevron Corp.	$0	–	-514,907	–	-2.26%	–
COP	Exit	ConocoPhillips	$0	–	-811,064	–	-2.28%	–
ALL	Exit	Allstate Corp.	$0	–	-1,061,690	–	-2.39%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-1,145,563	–	-2.53%	–

Q3 2014

			Value		Shares		↓ Weighting
JPM	Sell	JPMorgan Chase & Co	$69,009,000	-0.6%	1,145,563	-5.0%	2.53%	+2.8%
ALL	New	Allstate Corp.	$65,156,000	–	1,061,690	–	2.39%	–
COP	Sell	ConocoPhillips	$62,063,000	-13.7%	811,064	-3.3%	2.28%	-10.7%
CVX	Sell	Chevron Corp.	$61,439,000	-10.9%	514,907	-2.5%	2.26%	-7.8%
JNJ	Buy	Johnson & Johnson	$60,739,000	+5.5%	569,837	+3.6%	2.23%	+9.2%
LUMN	Sell	CenturyLink Inc.	$60,416,000	-0.3%	1,477,536	-11.8%	2.22%	+3.2%
ESV	Buy	ENSCO International	$59,569,000	-12.8%	1,441,989	+17.3%	2.19%	-9.8%
MET	Sell	MetLife Inc.	$58,297,000	-5.3%	1,085,195	-2.0%	2.14%	-2.0%
FLR	Buy	Fluor Corp.	$56,859,000	+3.5%	851,311	+19.2%	2.09%	+7.1%
STT	Sell	State Street Corp.	$56,696,000	+6.6%	770,225	-2.6%	2.08%	+10.3%
HIG	Sell	Hartford Financial	$56,505,000	+1.8%	1,516,919	-2.1%	2.08%	+5.4%
GD	Sell	General Dynamics Co	$56,179,000	+5.7%	442,041	-3.1%	2.06%	+9.3%
STJ	Buy	St. Jude Medical In	$56,114,000	+8.3%	933,218	+24.8%	2.06%	+12.1%
LLY	Sell	Eli Lilly & Co.	$56,002,000	+0.1%	863,565	-4.0%	2.06%	+3.6%
NOV	Sell	National Oilwell Va	$55,358,000	-11.1%	727,441	-3.8%	2.03%	-8.0%
KSS	Sell	Kohl's Corp.	$54,952,000	+10.5%	900,416	-4.6%	2.02%	+14.4%
PEG	Buy	Public Service Ente	$54,081,000	-1.1%	1,452,217	+8.3%	1.99%	+2.3%
MRO	Sell	Marathon Oil Corp.	$54,050,000	-9.1%	1,437,876	-3.5%	1.98%	-6.0%
AIG	New	American Int'l Grou	$53,855,000	–	996,952	–	1.98%	–
WHR	Sell	Whirlpool Corp.	$52,349,000	+1.8%	359,418	-2.7%	1.92%	+5.3%
UNH	Sell	UnitedHealth Group	$52,010,000	-11.6%	603,018	-16.2%	1.91%	-8.5%
INTC	Sell	Intel Corp.	$51,763,000	-4.2%	1,486,602	-15.0%	1.90%	-0.9%
MUR	Buy	Murphy Oil Corp.	$51,284,000	-11.4%	901,144	+3.5%	1.88%	-8.3%
ADM	New	Archer Daniels Midl	$50,952,000	–	997,101	–	1.87%	–
BEN	Sell	Franklin Resources	$49,051,000	-7.7%	898,197	-2.2%	1.80%	-4.5%
VFC	Sell	VF Corp.	$48,360,000	+1.6%	732,389	-3.1%	1.78%	+5.1%
ETR	Sell	Entergy Corp.	$47,712,000	-8.2%	616,988	-2.5%	1.75%	-5.0%
CVS	Sell	CVS Caremark Corp.	$47,564,000	+2.8%	597,616	-2.6%	1.75%	+6.5%
CSCO	Buy	Cisco Systems Inc.	$46,651,000	+19.0%	1,853,448	+17.5%	1.71%	+23.1%
COF	Sell	Capital One Financi	$46,536,000	-13.9%	570,156	-12.9%	1.71%	-10.9%
MSFT	Sell	Microsoft Corp.	$46,533,000	-19.1%	1,003,741	-27.2%	1.71%	-16.3%
GS	Sell	Goldman Sachs Group	$45,999,000	+6.7%	250,582	-2.7%	1.69%	+10.4%
IP	New	International Paper	$45,755,000	–	958,421	–	1.68%	–
EMC	Sell	EMC Corp.	$45,547,000	+7.7%	1,556,626	-3.1%	1.67%	+11.5%
AEP	New	American Electric P	$44,539,000	–	853,067	–	1.64%	–
DOV	Sell	Dover Corp.	$43,920,000	-13.7%	546,748	-2.3%	1.61%	-10.7%
FOXA	Buy	Twenty-First Centur	$43,856,000	+23.9%	1,278,959	+27.0%	1.61%	+28.2%
KMB	Sell	Kimberly-Clark Corp	$43,366,000	-5.5%	403,146	-2.3%	1.59%	-2.3%
FCX	Sell	Freeport-McMoRan In	$41,011,000	-12.9%	1,256,093	-2.7%	1.51%	-9.9%
MRK	Sell	Merck & Co Inc	$39,927,000	-12.9%	673,525	-15.0%	1.47%	-9.9%
MAT	Buy	Mattel Inc.	$35,359,000	-17.5%	1,153,623	+4.9%	1.30%	-14.6%
NUE	Sell	Nucor Corp.	$34,480,000	-21.7%	635,224	-28.9%	1.27%	-19.0%
DHR	Sell	Danaher Corp.	$33,715,000	-18.0%	443,738	-15.1%	1.24%	-15.2%
ORCL	Sell	Oracle Corp.	$31,996,000	-32.9%	835,836	-29.0%	1.18%	-30.6%
SJM	Sell	J.M. Smucker Co.	$31,697,000	-41.7%	320,207	-37.2%	1.16%	-39.7%
MU	Sell	Micron Technology I	$30,986,000	+1.5%	904,437	-2.4%	1.14%	+5.1%
DE	New	Deere & Co.	$25,768,000	–	314,281	–	0.95%	–
LUV	Sell	Southwest Airlines	$14,162,000	+6.6%	419,360	-15.2%	0.52%	+10.4%
DFS	Sell	Discover Financial	$11,190,000	+3.2%	173,780	-0.7%	0.41%	+6.8%
WLL	Sell	Whiting Petroleum C	$10,372,000	-4.1%	133,740	-0.7%	0.38%	-0.8%
ARRS	Sell	Arris Group Inc.	$10,170,000	-26.7%	358,667	-16.0%	0.37%	-24.3%
HSP	Sell	Hospira Inc.	$9,800,000	+0.5%	188,345	-0.7%	0.36%	+4.0%
LNC	Buy	Lincoln National Co	$9,703,000	+4.3%	181,090	+0.2%	0.36%	+7.9%
CMA	Sell	Comerica Inc.	$9,699,000	-1.3%	194,515	-0.7%	0.36%	+2.0%
TRW	Sell	TRW Automotive Hold	$9,580,000	-17.8%	94,620	-27.3%	0.35%	-15.0%
HUM	Sell	Humana Inc.	$9,481,000	+1.2%	72,770	-0.8%	0.35%	+4.8%
RE	Sell	Everest Re Group Lt	$9,313,000	+0.1%	57,485	-0.8%	0.34%	+3.6%
STI	Sell	SunTrust Banks Inc.	$9,292,000	-5.8%	244,330	-0.8%	0.34%	-2.6%
HRL	Sell	Hormel Foods Corp.	$9,034,000	+3.4%	175,800	-0.7%	0.33%	+7.1%
ZBH	Sell	Zimmer Holdings Inc	$8,971,000	-3.9%	89,215	-0.8%	0.33%	-0.6%
KLAC	Sell	KLA-Tencor Corp.	$8,943,000	+7.6%	113,520	-0.7%	0.33%	+11.2%
PXD	Sell	Pioneer Natural Res	$8,826,000	-15.1%	44,810	-0.9%	0.32%	-12.2%
TSN	Sell	Tyson Foods Inc. (C	$8,674,000	+4.1%	220,320	-0.7%	0.32%	+7.8%
BBBY	New	Bed Bath & Beyond I	$8,700,000	–	132,157	–	0.32%	–
DV	Buy	DeVry Education Gro	$8,601,000	+56.0%	200,900	+54.3%	0.32%	+61.2%
PTEN	Sell	Patterson-UTI Energ	$8,612,000	-7.6%	264,748	-0.7%	0.32%	-4.5%
COG	Sell	Cabot Oil & Gas Cor	$8,484,000	-5.0%	259,520	-0.7%	0.31%	-1.6%
INGR	Sell	Ingredion Incorpora	$8,442,000	+0.2%	111,385	-0.8%	0.31%	+3.7%
COO	Sell	Cooper Cos.	$8,421,000	+14.1%	54,070	-0.7%	0.31%	+17.9%
WRB	New	W.R. Berkley Corp.	$8,323,000	–	174,120	–	0.31%	–
ZION	Sell	Zions Bancorp	$8,242,000	-2.1%	283,630	-0.8%	0.30%	+1.3%
MYGN	Sell	Myriad Genetics Inc	$8,177,000	-1.6%	211,993	-0.7%	0.30%	+1.7%
JBL	Sell	Jabil Circuit Inc.	$7,616,000	-4.2%	377,581	-0.7%	0.28%	-0.7%
PH	Sell	Parker Hannifin Cor	$7,522,000	-9.9%	65,900	-0.8%	0.28%	-6.8%
XLNX	Sell	Xilinx Inc.	$7,321,000	-11.2%	172,870	-0.7%	0.27%	-7.9%
SON	Sell	Sonoco Products Co.	$7,264,000	-11.2%	184,880	-0.8%	0.27%	-7.9%
FHN	Sell	First Horizon Natio	$7,163,000	+2.8%	583,292	-0.7%	0.26%	+6.5%
RBC	Sell	Regal-Beloit Corp.	$6,963,000	-18.8%	108,380	-0.7%	0.26%	-15.8%
ENS	New	EnerSys Inc.	$6,952,000	–	118,550	–	0.26%	–
KMT	Sell	Kennametal Inc.	$6,952,000	-11.4%	168,280	-0.7%	0.26%	-8.3%
ON	Sell	ON Semiconductor Co	$6,837,000	-2.9%	764,810	-0.7%	0.25%	+0.4%
OGE	Sell	OGE Energy Corp.	$6,718,000	-5.7%	181,020	-0.7%	0.25%	-2.4%
MSI	Sell	Motorola Solutions	$6,722,000	-5.6%	106,230	-0.7%	0.25%	-2.4%
NFX	Sell	Newfield Exploratio	$6,577,000	-16.7%	177,410	-0.7%	0.24%	-13.6%
GNTX	New	Gentex Corp.	$6,527,000	–	243,800	–	0.24%	–
XEL	Sell	Xcel Energy Inc.	$6,475,000	-6.4%	213,000	-0.7%	0.24%	-2.9%
SXT	Sell	Sensient Technologi	$6,200,000	-6.7%	118,442	-0.7%	0.23%	-3.4%
SPLS	Sell	Staples Inc.	$5,884,000	+10.8%	486,290	-0.7%	0.22%	+14.9%
TDW	Sell	Tidewater Inc.	$5,701,000	-30.5%	146,070	-0.0%	0.21%	-28.2%
HCP	Sell	HCP Inc.	$5,609,000	-4.7%	141,240	-0.7%	0.21%	-1.4%
PNW	Sell	Pinnacle West Capit	$5,358,000	-6.2%	98,065	-0.8%	0.20%	-3.0%
REG	Sell	Regency Centers Cor	$5,355,000	-4.0%	99,475	-0.7%	0.20%	-0.5%
BRCM	New	Broadcom Corp.	$5,240,000	–	129,650	–	0.19%	–
PLD	Sell	ProLogis Inc.	$4,713,000	-8.9%	125,010	-0.7%	0.17%	-6.0%
BXP	Sell	Boston Properties I	$4,424,000	-2.8%	38,220	-0.8%	0.16%	0.0%
CLI	Sell	Mack-Cali Realty Co	$3,046,000	-11.7%	159,400	-0.7%	0.11%	-8.2%
SPY	Sell	SPDR S&P 500 ETF TR	$1,231,000	-0.9%	6,247	-1.6%	0.04%	+2.3%
PEP	Buy	PepsiCo Inc.	$1,058,000	+8.5%	11,360	+4.1%	0.04%	+11.4%
BLK	Buy	Blackrock Inc.	$861,000	+8.2%	2,622	+5.2%	0.03%	+14.3%
AAPL	New	Apple Inc.	$829,000	–	8,224	–	0.03%	–
V	Buy	Visa Inc.	$753,000	+9.4%	3,531	+8.1%	0.03%	+16.7%
GE	Buy	General Electric Co	$592,000	+6.3%	23,102	+9.1%	0.02%	+10.0%
UTHR	Buy	United Therapeutics	$559,000	+85.1%	4,343	+27.2%	0.02%	+90.9%
VZ	Buy	Verizon Communicati	$580,000	+10.3%	11,608	+8.0%	0.02%	+10.5%
DVN	Buy	Devon Energy Corp.	$584,000	-7.2%	8,568	+8.2%	0.02%	-4.5%
KR	Buy	Kroger Co.	$564,000	+14.4%	10,848	+8.8%	0.02%	+23.5%
UTX	Buy	United Technologies	$535,000	0.0%	5,065	+9.3%	0.02%	+5.3%
WAG	Buy	Walgreen Co.	$552,000	-19.4%	9,311	+0.8%	0.02%	-16.7%
GME	New	GameStop Corp. (Cl	$550,000	–	13,345	–	0.02%	–
CELG	Buy	Celgene Corp.	$537,000	+13.8%	5,665	+3.0%	0.02%	+17.6%
NSC	Buy	Norfolk Southern Co	$524,000	+21.9%	4,697	+12.4%	0.02%	+26.7%
DD	Buy	E.I. DuPont de Nemo	$527,000	+17.9%	7,343	+7.5%	0.02%	+18.8%
SYNA	Sell	Synaptics Inc.	$492,000	-26.3%	6,726	-8.7%	0.02%	-25.0%
F	Buy	Ford Motor Co.	$502,000	-0.6%	33,945	+15.8%	0.02%	0.0%
AET	Buy	Aetna Inc.	$469,000	+12.5%	5,795	+12.7%	0.02%	+13.3%
	Sell	VANGUARD EQUITY INC	$425,000	-1.2%	13,611	-0.1%	0.02%	+6.7%
QCOM	Buy	QUALCOMM Inc.	$445,000	+7.2%	5,955	+13.8%	0.02%	+6.7%
ESL	Sell	Esterline Technolog	$446,000	-4.1%	4,012	-0.7%	0.02%	-5.9%
CF	Buy	CF Industries Holdi	$395,000	+32.6%	1,415	+14.4%	0.02%	+36.4%
EBAY	Buy	eBay Inc.	$387,000	+29.9%	6,838	+15.1%	0.01%	+27.3%
BA	New	Boeing Co.	$373,000	–	2,925	–	0.01%	–
SLB	Buy	Schlumberger Ltd.	$374,000	-2.6%	3,673	+12.9%	0.01%	0.0%
GOOG	Buy	Google Inc. (Cl C)	$388,000	+24.8%	672	+24.4%	0.01%	+27.3%
NEE	Buy	NextEra Energy Inc	$391,000	+4.3%	4,170	+14.1%	0.01%	+7.7%
CNP	Buy	CenterPoint Energy	$372,000	+8.8%	15,199	+13.4%	0.01%	+16.7%
HELE	Sell	Helen of Troy Corp.	$392,000	-14.2%	7,470	-0.9%	0.01%	-12.5%
BRLI	Sell	Bio-Reference Labor	$291,000	-7.9%	10,353	-0.9%	0.01%	0.0%
CJES	Sell	C & J Energy Servic	$309,000	-10.4%	10,109	-1.0%	0.01%	-8.3%
SFG	Sell	StanCorp Financial	$305,000	-2.2%	4,829	-0.8%	0.01%	0.0%
DISCA	New	Discovery Commun In	$282,000	–	7,460	–	0.01%	–
GOOGL	Sell	Google Inc. (Cl A)	$265,000	-5.7%	450	-6.2%	0.01%	0.0%
ITG	Sell	Investment Technolo	$277,000	-7.4%	17,602	-0.6%	0.01%	-9.1%
ABT	New	Abbott Laboratories	$283,000	–	6,805	–	0.01%	–
ESRX	Buy	Express Scripts Inc	$255,000	+22.6%	3,617	+20.8%	0.01%	+28.6%
EGY	Sell	Vaalco Energy Inc.	$255,000	+17.0%	29,989	-0.4%	0.01%	+12.5%
EWBC	Sell	East West Bancorp I	$237,000	-4.0%	6,970	-1.4%	0.01%	0.0%
MS	New	Morgan Stanley	$231,000	–	6,695	–	0.01%	–
ABBV	New	Abbvie Inc	$202,000	–	3,500	–	0.01%	–
	Exit	Abbott Laboratories	$0	–	-5,880	–	-0.01%	–
PETM	Exit	PetSmart Inc.	$0	–	-4,970	–	-0.01%	–
	Exit	Boeing Co.	$0	–	-2,495	–	-0.01%	–
A309PS	Exit	DIRECTV	$0	–	-4,755	–	-0.01%	–
	Exit	Apple Inc.	$0	–	-7,349	–	-0.02%	–
FE	Exit	FirstEnergy Corp.	$0	–	-93,520	–	-0.12%	–
GES	Exit	Guess? Inc.	$0	–	-147,390	–	-0.14%	–
	Exit	Bed Bath & Beyond I	$0	–	-113,027	–	-0.23%	–
	Exit	W.R. Berkley Corp.	$0	–	-175,420	–	-0.29%	–
SWK	Exit	Stanley Black & Dec	$0	–	-480,440	–	-1.50%	–
	Exit	Archer Daniels Midl	$0	–	-1,041,545	–	-1.63%	–
	Exit	American Electric P	$0	–	-874,548	–	-1.73%	–
	Exit	American Int'l Grou	$0	–	-1,053,746	–	-2.04%	–
	Exit	Allstate Corp.	$0	–	-1,093,164	–	-2.28%	–

Q2 2014

			Value		Shares		↓ Weighting
COP	New	ConocoPhillips	$71,878,000	–	838,422	–	2.55%	–
JPM	New	JPMorgan Chase & Co	$69,447,000	–	1,205,251	–	2.46%	–
CVX	New	Chevron Corp.	$68,969,000	–	528,296	–	2.45%	–
ESV	New	ENSCO International	$68,335,000	–	1,229,710	–	2.42%	–
	New	Allstate Corp.	$64,191,000	–	1,093,164	–	2.28%	–
NOV	New	National Oilwell Va	$62,267,000	–	756,130	–	2.21%	–
MET	New	MetLife Inc.	$61,532,000	–	1,107,494	–	2.18%	–
LUMN	New	CenturyLink Inc.	$60,619,000	–	1,674,567	–	2.15%	–
MRO	New	Marathon Oil Corp.	$59,489,000	–	1,490,205	–	2.11%	–
UNH	New	UnitedHealth Group	$58,828,000	–	719,605	–	2.09%	–
MUR	New	Murphy Oil Corp.	$57,889,000	–	870,778	–	2.05%	–
JNJ	New	Johnson & Johnson	$57,550,000	–	550,090	–	2.04%	–
MSFT	New	Microsoft Corp.	$57,505,000	–	1,379,022	–	2.04%	–
	New	American Int'l Grou	$57,513,000	–	1,053,746	–	2.04%	–
LLY	New	Eli Lilly & Co.	$55,936,000	–	899,731	–	1.98%	–
HIG	New	Hartford Financial	$55,490,000	–	1,549,580	–	1.97%	–
FLR	New	Fluor Corp.	$54,942,000	–	714,455	–	1.95%	–
PEG	New	Public Service Ente	$54,681,000	–	1,340,544	–	1.94%	–
SJM	New	J.M. Smucker Co.	$54,382,000	–	510,290	–	1.93%	–
INTC	New	Intel Corp.	$54,034,000	–	1,748,678	–	1.92%	–
COF	New	Capital One Financi	$54,058,000	–	654,455	–	1.92%	–
STT	New	State Street Corp.	$53,201,000	–	790,973	–	1.89%	–
GD	New	General Dynamics Co	$53,171,000	–	456,205	–	1.89%	–
BEN	New	Franklin Resources	$53,131,000	–	918,590	–	1.89%	–
ETR	New	Entergy Corp.	$51,955,000	–	632,909	–	1.84%	–
STJ	New	St. Jude Medical In	$51,793,000	–	747,920	–	1.84%	–
WHR	New	Whirlpool Corp.	$51,419,000	–	369,333	–	1.82%	–
DOV	New	Dover Corp.	$50,878,000	–	559,401	–	1.81%	–
KSS	New	Kohl's Corp.	$49,716,000	–	943,741	–	1.76%	–
	New	American Electric P	$48,774,000	–	874,548	–	1.73%	–
ORCL	New	Oracle Corp.	$47,691,000	–	1,176,682	–	1.69%	–
VFC	New	VF Corp.	$47,613,000	–	755,764	–	1.69%	–
FCX	New	Freeport-McMoRan In	$47,099,000	–	1,290,395	–	1.67%	–
CVS	New	CVS Caremark Corp.	$46,250,000	–	613,639	–	1.64%	–
	New	Archer Daniels Midl	$45,943,000	–	1,041,545	–	1.63%	–
KMB	New	Kimberly-Clark Corp	$45,896,000	–	412,661	–	1.63%	–
MRK	New	Merck & Co Inc	$45,855,000	–	792,647	–	1.63%	–
NUE	New	Nucor Corp.	$44,026,000	–	893,935	–	1.56%	–
GS	New	Goldman Sachs Group	$43,105,000	–	257,435	–	1.53%	–
MAT	New	Mattel Inc.	$42,837,000	–	1,099,230	–	1.52%	–
EMC	New	EMC Corp.	$42,299,000	–	1,605,902	–	1.50%	–
SWK	New	Stanley Black & Dec	$42,192,000	–	480,440	–	1.50%	–
DHR	New	Danaher Corp.	$41,126,000	–	522,367	–	1.46%	–
CSCO	New	Cisco Systems Inc.	$39,199,000	–	1,577,425	–	1.39%	–
FOXA	New	Twenty-First Centur	$35,401,000	–	1,007,130	–	1.26%	–
MU	New	Micron Technology I	$30,520,000	–	926,240	–	1.08%	–
ARRS	New	Arris Group Inc.	$13,882,000	–	426,747	–	0.49%	–
LUV	New	Southwest Airlines	$13,281,000	–	494,460	–	0.47%	–
TRW	New	TRW Automotive Hold	$11,656,000	–	130,210	–	0.41%	–
DFS	New	Discover Financial	$10,848,000	–	175,030	–	0.38%	–
WLL	New	Whiting Petroleum C	$10,813,000	–	134,740	–	0.38%	–
PXD	New	Pioneer Natural Res	$10,390,000	–	45,210	–	0.37%	–
STI	New	SunTrust Banks Inc.	$9,862,000	–	246,180	–	0.35%	–
CMA	New	Comerica Inc.	$9,830,000	–	195,965	–	0.35%	–
HSP	New	Hospira Inc.	$9,747,000	–	189,745	–	0.35%	–
HUM	New	Humana Inc.	$9,364,000	–	73,320	–	0.33%	–
ZBH	New	Zimmer Holdings Inc	$9,339,000	–	89,915	–	0.33%	–
PTEN	New	Patterson-UTI Energ	$9,317,000	–	266,648	–	0.33%	–
LNC	New	Lincoln National Co	$9,301,000	–	180,815	–	0.33%	–
RE	New	Everest Re Group Lt	$9,300,000	–	57,945	–	0.33%	–
COG	New	Cabot Oil & Gas Cor	$8,927,000	–	261,470	–	0.32%	–
HRL	New	Hormel Foods Corp.	$8,740,000	–	177,100	–	0.31%	–
RBC	New	Regal-Beloit Corp.	$8,576,000	–	109,170	–	0.30%	–
ZION	New	Zions Bancorp	$8,422,000	–	285,780	–	0.30%	–
INGR	New	Ingredion Incorpora	$8,422,000	–	112,235	–	0.30%	–
TSN	New	Tyson Foods Inc. (C	$8,331,000	–	221,920	–	0.30%	–
PH	New	Parker Hannifin Cor	$8,348,000	–	66,400	–	0.30%	–
MYGN	New	Myriad Genetics Inc	$8,313,000	–	213,593	–	0.30%	–
KLAC	New	KLA-Tencor Corp.	$8,308,000	–	114,370	–	0.30%	–
XLNX	New	Xilinx Inc.	$8,240,000	–	174,170	–	0.29%	–
TDW	New	Tidewater Inc.	$8,205,000	–	146,120	–	0.29%	–
SON	New	Sonoco Products Co.	$8,183,000	–	186,280	–	0.29%	–
	New	W.R. Berkley Corp.	$8,124,000	–	175,420	–	0.29%	–
JBL	New	Jabil Circuit Inc.	$7,950,000	–	380,381	–	0.28%	–
NFX	New	Newfield Exploratio	$7,899,000	–	178,710	–	0.28%	–
KMT	New	Kennametal Inc.	$7,846,000	–	169,530	–	0.28%	–
COO	New	Cooper Cos.	$7,382,000	–	54,470	–	0.26%	–
OGE	New	OGE Energy Corp.	$7,127,000	–	182,370	–	0.25%	–
MSI	New	Motorola Solutions	$7,122,000	–	106,980	–	0.25%	–
ON	New	ON Semiconductor Co	$7,043,000	–	770,540	–	0.25%	–
FHN	New	First Horizon Natio	$6,969,000	–	587,592	–	0.25%	–
XEL	New	Xcel Energy Inc.	$6,915,000	–	214,550	–	0.24%	–
SXT	New	Sensient Technologi	$6,647,000	–	119,292	–	0.24%	–
	New	Bed Bath & Beyond I	$6,485,000	–	113,027	–	0.23%	–
HCP	New	HCP Inc.	$5,888,000	–	142,290	–	0.21%	–
PNW	New	Pinnacle West Capit	$5,715,000	–	98,815	–	0.20%	–
REG	New	Regency Centers Cor	$5,578,000	–	100,175	–	0.20%	–
DV	New	DeVry Education Gro	$5,513,000	–	130,210	–	0.20%	–
SPLS	New	Staples Inc.	$5,310,000	–	489,890	–	0.19%	–
PLD	New	ProLogis Inc.	$5,174,000	–	125,910	–	0.18%	–
BXP	New	Boston Properties I	$4,552,000	–	38,520	–	0.16%	–
GES	New	Guess? Inc.	$3,980,000	–	147,390	–	0.14%	–
CLI	New	Mack-Cali Realty Co	$3,449,000	–	160,550	–	0.12%	–
FE	New	FirstEnergy Corp.	$3,247,000	–	93,520	–	0.12%	–
EFA	New	I SHARES TR MSCI EA	$1,310,000	–	19,156	–	0.05%	–
SPY	New	SPDR S&P 500 ETF TR	$1,242,000	–	6,347	–	0.04%	–
MCD	New	McDonald's Corp.	$1,017,000	–	10,100	–	0.04%	–
PEP	New	PepsiCo Inc.	$975,000	–	10,910	–	0.04%	–
BLK	New	Blackrock Inc.	$796,000	–	2,492	–	0.03%	–
LOW	New	Lowe's Cos.	$765,000	–	15,935	–	0.03%	–
	New	Apple Inc.	$683,000	–	7,349	–	0.02%	–
SYNA	New	Synaptics Inc.	$668,000	–	7,366	–	0.02%	–
V	New	Visa Inc.	$688,000	–	3,266	–	0.02%	–
WAG	New	Walgreen Co.	$685,000	–	9,236	–	0.02%	–
BMY	New	Bristol-Myers Squib	$634,000	–	13,060	–	0.02%	–
DVN	New	Devon Energy Corp.	$629,000	–	7,920	–	0.02%	–
GE	New	General Electric Co	$557,000	–	21,177	–	0.02%	–
VZ	New	Verizon Communicati	$526,000	–	10,753	–	0.02%	–
UTX	New	United Technologies	$535,000	–	4,635	–	0.02%	–
PFE	New	Pfizer Inc.	$521,000	–	17,551	–	0.02%	–
F	New	Ford Motor Co.	$505,000	–	29,315	–	0.02%	–
KR	New	Kroger Co.	$493,000	–	9,968	–	0.02%	–
CELG	New	Celgene Corp.	$472,000	–	5,500	–	0.02%	–
ESL	New	Esterline Technolog	$465,000	–	4,042	–	0.02%	–
DD	New	E.I. DuPont de Nemo	$447,000	–	6,833	–	0.02%	–
HELE	New	Helen of Troy Corp.	$457,000	–	7,540	–	0.02%	–
AET	New	Aetna Inc.	$417,000	–	5,140	–	0.02%	–
	New	VANGUARD EQUITY INC	$430,000	–	13,619	–	0.02%	–
QCOM	New	QUALCOMM Inc.	$415,000	–	5,235	–	0.02%	–
NSC	New	Norfolk Southern Co	$430,000	–	4,177	–	0.02%	–
A309PS	New	DIRECTV	$404,000	–	4,755	–	0.01%	–
SLB	New	Schlumberger Ltd.	$384,000	–	3,253	–	0.01%	–
NEE	New	NextEra Energy Inc	$375,000	–	3,655	–	0.01%	–
CJES	New	C & J Energy Servic	$345,000	–	10,209	–	0.01%	–
CNP	New	CenterPoint Energy	$342,000	–	13,399	–	0.01%	–
SFG	New	StanCorp Financial	$312,000	–	4,869	–	0.01%	–
ITG	New	Investment Technolo	$299,000	–	17,702	–	0.01%	–
PETM	New	PetSmart Inc.	$297,000	–	4,970	–	0.01%	–
GOOG	New	Google Inc. (Cl C)	$311,000	–	540	–	0.01%	–
EBAY	New	eBay Inc.	$298,000	–	5,943	–	0.01%	–
UTHR	New	United Therapeutics	$302,000	–	3,415	–	0.01%	–
	New	Boeing Co.	$317,000	–	2,495	–	0.01%	–
CF	New	CF Industries Holdi	$298,000	–	1,237	–	0.01%	–
BRLI	New	Bio-Reference Labor	$316,000	–	10,443	–	0.01%	–
GOOGL	New	Google Inc. (Cl A)	$281,000	–	480	–	0.01%	–
	New	Abbott Laboratories	$240,000	–	5,880	–	0.01%	–
	New	FIDELITY ADVISOR LA	$245,000	–	9,321	–	0.01%	–
PCLN	New	priceline.com Inc.	$241,000	–	200	–	0.01%	–
EWBC	New	East West Bancorp I	$247,000	–	7,070	–	0.01%	–
EGY	New	Vaalco Energy Inc.	$218,000	–	30,119	–	0.01%	–
ESRX	New	Express Scripts Inc	$208,000	–	2,994	–	0.01%	–
ACN	New	Accenture Plc	$210,000	–	2,600	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
PCLN	Exit	priceline.com Inc.	$0	–	-200	–	-0.01%	–
ABT	Exit	Abbott Laboratories	$0	–	-6,754	–	-0.01%	–
CNP	Exit	CenterPoint Energy	$0	–	-10,304	–	-0.01%	–
UTHR	Exit	United Therapeutics	$0	–	-3,005	–	-0.01%	–
CJES	Exit	C & J Energy Servic	$0	–	-12,735	–	-0.01%	–
SFG	Exit	StanCorp Financial	$0	–	-4,984	–	-0.01%	–
ITG	Exit	Investment Technolo	$0	–	-17,641	–	-0.01%	–
ESRX	Exit	Express Scripts Inc	$0	–	-4,390	–	-0.01%	–
HAS	Exit	Hasbro Inc.	$0	–	-5,669	–	-0.01%	–
CF	Exit	CF Industries Holdi	$0	–	-1,219	–	-0.01%	–
COH	Exit	Coach Inc.	$0	–	-5,142	–	-0.01%	–
BRLI	Exit	Bio-Reference Labor	$0	–	-10,665	–	-0.01%	–
AET	Exit	Aetna Inc.	$0	–	-4,925	–	-0.01%	–
EBAY	Exit	eBay Inc.	$0	–	-5,635	–	-0.01%	–
A309PS	Exit	DIRECTV	$0	–	-5,620	–	-0.01%	–
BA	Exit	Boeing Co.	$0	–	-2,803	–	-0.01%	–
QCOM	Exit	QUALCOMM Inc.	$0	–	-5,035	–	-0.01%	–
ESL	Exit	Esterline Technolog	$0	–	-4,156	–	-0.01%	–
NEE	Exit	NextEra Energy Inc	$0	–	-4,548	–	-0.02%	–
NSC	Exit	Norfolk Southern Co	$0	–	-4,803	–	-0.02%	–
SYNA	Exit	Synaptics Inc.	$0	–	-7,925	–	-0.02%	–
EWBC	Exit	East West Bancorp I	$0	–	-11,817	–	-0.02%	–
HELE	Exit	Helen of Troy Corp.	$0	–	-8,758	–	-0.02%	–
APA	Exit	Apache Corp.	$0	–	-4,401	–	-0.02%	–
DE	Exit	Deere & Co.	$0	–	-4,809	–	-0.02%	–
CELG	Exit	Celgene Corp.	$0	–	-2,662	–	-0.02%	–
DD	Exit	E.I. DuPont de Nemo	$0	–	-7,623	–	-0.02%	–
GOOGL	Exit	Google Inc. (Cl A)	$0	–	-520	–	-0.02%	–
UTX	Exit	United Technologies	$0	–	-4,580	–	-0.02%	–
GE	Exit	General Electric Co	$0	–	-20,351	–	-0.02%	–
DVN	Exit	Devon Energy Corp.	$0	–	-8,470	–	-0.02%	–
AAPL	Exit	Apple Inc.	$0	–	-1,131	–	-0.02%	–
VZ	Exit	Verizon Communicati	$0	–	-11,641	–	-0.02%	–
PFE	Exit	Pfizer Inc.	$0	–	-19,821	–	-0.02%	–
BMY	Exit	Bristol-Myers Squib	$0	–	-13,200	–	-0.02%	–
WAG	Exit	Walgreen Co.	$0	–	-11,321	–	-0.02%	–
BLK	Exit	Blackrock Inc.	$0	–	-2,251	–	-0.02%	–
LOW	Exit	Lowe's Cos.	$0	–	-15,350	–	-0.03%	–
V	Exit	Visa Inc.	$0	–	-3,858	–	-0.03%	–
PEP	Exit	PepsiCo Inc.	$0	–	-11,535	–	-0.04%	–
MCD	Exit	McDonald's Corp.	$0	–	-10,100	–	-0.04%	–
MUSA	Exit	Murphy USA	$0	–	-26,057	–	-0.04%	–
EFA	Exit	I SHARES TR MSCI EA	$0	–	-19,156	–	-0.05%	–
CLF	Exit	Cliffs Natural Reso	$0	–	-157,785	–	-0.13%	–
FE	Exit	FirstEnergy Corp.	$0	–	-97,840	–	-0.15%	–
CLI	Exit	Mack-Cali Realty Co	$0	–	-164,950	–	-0.15%	–
DV	Exit	DeVry Inc.	$0	–	-136,350	–	-0.17%	–
BXP	Exit	Boston Properties I	$0	–	-40,280	–	-0.18%	–
TDW	Exit	Tidewater Inc.	$0	–	-73,930	–	-0.18%	–
GES	Exit	Guess? Inc.	$0	–	-155,160	–	-0.19%	–
PLD	Exit	ProLogis Inc.	$0	–	-131,700	–	-0.20%	–
REG	Exit	Regency Centers Cor	$0	–	-104,845	–	-0.21%	–
NFX	Exit	Newfield Exploratio	$0	–	-187,100	–	-0.21%	–
MYGN	Exit	Myriad Genetics Inc	$0	–	-223,000	–	-0.22%	–
SON	Exit	Sonoco Products Co.	$0	–	-143,530	–	-0.23%	–
PNW	Exit	Pinnacle West Capit	$0	–	-103,335	–	-0.23%	–
ON	Exit	ON Semiconductor Co	$0	–	-811,490	–	-0.25%	–
RBC	Exit	Regal-Beloit Corp.	$0	–	-88,685	–	-0.25%	–
HCP	Exit	HCP Inc.	$0	–	-148,990	–	-0.25%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-224,660	–	-0.26%	–
MSI	Exit	Motorola Solutions	$0	–	-111,950	–	-0.28%	–
FHN	Exit	First Horizon Natio	$0	–	-614,789	–	-0.28%	–
OGE	Exit	OGE Energy Corp.	$0	–	-190,930	–	-0.29%	–
PTEN	Exit	Patterson-UTI Energ	$0	–	-324,512	–	-0.29%	–
JBL	Exit	Jabil Circuit Inc.	$0	–	-331,784	–	-0.30%	–
KLAC	Exit	KLA-Tencor Corp.	$0	–	-119,770	–	-0.30%	–
R108	Exit	Energizer Holdings	$0	–	-81,100	–	-0.31%	–
LUV	Exit	Southwest Airlines	$0	–	-517,800	–	-0.31%	–
PH	Exit	Parker Hannifin Cor	$0	–	-69,550	–	-0.31%	–
BBBY	Exit	Bed Bath & Beyond I	$0	–	-98,960	–	-0.32%	–
ARRS	Exit	Arris Group Inc.	$0	–	-450,785	–	-0.32%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-94,115	–	-0.32%	–
HSP	Exit	Hospira Inc.	$0	–	-198,715	–	-0.32%	–
WRB	Exit	W.R. Berkley Corp.	$0	–	-183,530	–	-0.33%	–
LNC	Exit	Lincoln National Co	$0	–	-189,295	–	-0.33%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-191,370	–	-0.33%	–
CMA	Exit	Comerica Inc.	$0	–	-205,045	–	-0.33%	–
XLNX	Exit	Xilinx Inc.	$0	–	-172,480	–	-0.34%	–
KMT	Exit	Kennametal Inc.	$0	–	-177,230	–	-0.34%	–
SXT	Exit	Sensient Technologi	$0	–	-168,872	–	-0.34%	–
ZION	Exit	Zions Bancorp	$0	–	-299,180	–	-0.34%	–
STI	Exit	SunTrust Banks Inc.	$0	–	-257,740	–	-0.35%	–
WLL	Exit	Whiting Petroleum C	$0	–	-140,990	–	-0.35%	–
WHR	Exit	Whirlpool Corp.	$0	–	-58,550	–	-0.36%	–
HUM	Exit	Humana Inc.	$0	–	-93,600	–	-0.36%	–
RE	Exit	Everest Re Group Lt	$0	–	-61,095	–	-0.37%	–
DFS	Exit	Discover Financial	$0	–	-183,220	–	-0.38%	–
SYMC	Exit	Symantec Corp.	$0	–	-375,850	–	-0.39%	–
TRW	Exit	TRW Automotive Hold	$0	–	-136,340	–	-0.40%	–
COG	Exit	Cabot Oil & Gas Cor	$0	–	-273,740	–	-0.42%	–
TSN	Exit	Tyson Foods Inc. (C	$0	–	-369,930	–	-0.43%	–
PXD	Exit	Pioneer Natural Res	$0	–	-62,645	–	-0.49%	–
TRV	Exit	Travelers Cos. Inc.	$0	–	-305,038	–	-1.07%	–
MU	Exit	Micron Technology I	$0	–	-1,594,395	–	-1.15%	–
NUE	Exit	Nucor Corp.	$0	–	-646,175	–	-1.31%	–
MPC	Exit	Marathon Petroleum	$0	–	-493,869	–	-1.32%	–
GS	Exit	Goldman Sachs Group	$0	–	-209,580	–	-1.37%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-1,846,324	–	-1.38%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-671,356	–	-1.40%	–
ESV	Exit	ENSCO International	$0	–	-636,145	–	-1.42%	–
SPLS	Exit	Staples Inc.	$0	–	-2,339,002	–	-1.42%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-1,560,274	–	-1.52%	–
ORCL	Exit	Oracle Corp.	$0	–	-1,109,042	–	-1.52%	–
EMC	Exit	EMC Corp.	$0	–	-1,495,687	–	-1.58%	–
ETR	Exit	Entergy Corp.	$0	–	-607,124	–	-1.59%	–
KSS	Exit	Kohl's Corp.	$0	–	-754,031	–	-1.62%	–
ADM	Exit	Archer Daniels Midl	$0	–	-1,059,135	–	-1.62%	–
KMB	Exit	Kimberly-Clark Corp	$0	–	-418,683	–	-1.64%	–
MCK	Exit	McKesson Corp.	$0	–	-307,613	–	-1.64%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-461,486	–	-1.65%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-701,444	–	-1.65%	–
AEP	Exit	American Electric P	$0	–	-932,953	–	-1.68%	–
INTC	Exit	Intel Corp.	$0	–	-1,777,265	–	-1.69%	–
VFC	Exit	VF Corp.	$0	–	-216,888	–	-1.79%	–
HIG	Exit	Hartford Financial	$0	–	-1,437,695	–	-1.85%	–
STT	Exit	State Street Corp.	$0	–	-682,828	–	-1.86%	–
JNJ	Exit	Johnson & Johnson	$0	–	-520,897	–	-1.87%	–
COP	Exit	ConocoPhillips	$0	–	-654,027	–	-1.88%	–
PEG	Exit	Public Service Ente	$0	–	-1,388,689	–	-1.90%	–
SWK	Exit	Stanley Black & Dec	$0	–	-509,430	–	-1.91%	–
DHR	Exit	Danaher Corp.	$0	–	-671,492	–	-1.93%	–
COF	Exit	Capital One Financi	$0	–	-680,720	–	-1.94%	–
FCX	Exit	Freeport-McMoRan Co	$0	–	-1,420,220	–	-1.95%	–
NOV	Exit	National Oilwell Va	$0	–	-605,385	–	-1.96%	–
MUR	Exit	Murphy Oil Corp.	$0	–	-786,638	–	-1.97%	–
MSFT	Exit	Microsoft Corp.	$0	–	-1,427,247	–	-1.97%	–
GD	Exit	General Dynamics Co	$0	–	-547,269	–	-1.98%	–
AIG	Exit	American Int'l Grou	$0	–	-999,511	–	-2.02%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-1,396,595	–	-2.02%	–
MRK	Exit	Merck & Co Inc	$0	–	-1,048,612	–	-2.07%	–
FLR	Exit	Fluor Corp.	$0	–	-728,080	–	-2.14%	–
UNH	Exit	UnitedHealth Group	$0	–	-741,905	–	-2.20%	–
ALL	Exit	Allstate Corp.	$0	–	-1,068,770	–	-2.24%	–
DOV	Exit	Dover Corp.	$0	–	-608,816	–	-2.27%	–
LUMN	Exit	CenturyLink Inc.	$0	–	-1,771,017	–	-2.30%	–
MET	Exit	MetLife Inc.	$0	–	-1,188,517	–	-2.31%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-1,080,189	–	-2.31%	–
CVX	Exit	Chevron Corp.	$0	–	-461,981	–	-2.33%	–
STJ	Exit	St. Jude Medical In	$0	–	-1,169,535	–	-2.60%	–

Q3 2013

			Value		Shares		↓ Weighting
STJ	Sell	St. Jude Medical In	$62,734,000	+3.4%	1,169,535	-12.0%	2.60%	+8.4%
CVX	Sell	Chevron Corp.	$56,131,000	-8.1%	461,981	-10.5%	2.33%	-3.6%
JPM	Sell	JPMorgan Chase & Co	$55,835,000	-12.2%	1,080,189	-10.3%	2.31%	-8.0%
MET	Sell	MetLife Inc.	$55,801,000	-9.1%	1,188,517	-11.4%	2.31%	-4.7%
LUMN	Sell	CenturyLink Inc.	$55,575,000	-13.5%	1,771,017	-2.5%	2.30%	-9.3%
DOV	Sell	Dover Corp.	$54,690,000	-4.7%	608,816	-17.6%	2.27%	-0.0%
ALL	Sell	Allstate Corp.	$54,026,000	-4.7%	1,068,770	-9.2%	2.24%	-0.0%
UNH	Sell	UnitedHealth Group	$53,128,000	-12.4%	741,905	-19.9%	2.20%	-8.2%
FLR	Buy	Fluor Corp.	$51,665,000	+114.5%	728,080	+79.3%	2.14%	+124.9%
MRK	Sell	Merck & Co Inc	$49,923,000	-8.4%	1,048,612	-10.6%	2.07%	-3.9%
MRO	Sell	Marathon Oil Corp.	$48,713,000	-9.3%	1,396,595	-10.1%	2.02%	-4.9%
AIG	Sell	American Int'l Grou	$48,606,000	-3.9%	999,511	-11.7%	2.02%	+0.8%
GD	Sell	General Dynamics Co	$47,897,000	-9.4%	547,269	-18.9%	1.98%	-5.0%
MSFT	Sell	Microsoft Corp.	$47,499,000	-8.1%	1,427,247	-4.7%	1.97%	-3.7%
MUR	Sell	Murphy Oil Corp.	$47,450,000	-10.9%	786,638	-10.1%	1.97%	-6.6%
NOV	Sell	National Oilwell Va	$47,287,000	-0.0%	605,385	-11.8%	1.96%	+4.8%
FCX	Sell	Freeport-McMoRan Co	$46,981,000	+2.6%	1,420,220	-14.4%	1.95%	+7.6%
COF	Sell	Capital One Financi	$46,793,000	-3.4%	680,720	-11.7%	1.94%	+1.3%
DHR	Sell	Danaher Corp.	$46,548,000	-3.2%	671,492	-11.6%	1.93%	+1.4%
SWK	Sell	Stanley Black & Dec	$46,139,000	+6.4%	509,430	-9.2%	1.91%	+11.5%
PEG	Buy	Public Service Ente	$45,730,000	+5.3%	1,388,689	+4.4%	1.90%	+10.4%
COP	Sell	ConocoPhillips	$45,461,000	+2.8%	654,027	-10.5%	1.88%	+7.8%
JNJ	Sell	Johnson & Johnson	$45,157,000	-10.3%	520,897	-11.1%	1.87%	-5.9%
STT	Sell	State Street Corp.	$44,896,000	-10.2%	682,828	-10.9%	1.86%	-5.8%
HIG	Sell	Hartford Financial	$44,741,000	-7.8%	1,437,695	-8.4%	1.85%	-3.3%
VFC	Sell	VF Corp.	$43,172,000	-9.0%	216,888	-11.7%	1.79%	-4.6%
INTC	Buy	Intel Corp.	$40,737,000	-5.4%	1,777,265	+0.0%	1.69%	-0.8%
AEP	Sell	American Electric P	$40,444,000	-12.5%	932,953	-9.6%	1.68%	-8.3%
CVS	Sell	CVS Caremark Corp.	$39,807,000	-9.2%	701,444	-8.5%	1.65%	-4.8%
XOM	Sell	Exxon Mobil Corp.	$39,706,000	-16.2%	461,486	-12.0%	1.65%	-12.2%
MCK	Sell	McKesson Corp.	$39,467,000	-11.3%	307,613	-20.8%	1.64%	-7.0%
KMB	Buy	Kimberly-Clark Corp	$39,448,000	+2.2%	418,683	+5.4%	1.64%	+7.1%
KSS	Sell	Kohl's Corp.	$39,021,000	-7.5%	754,031	-9.7%	1.62%	-3.0%
ADM	Sell	Archer Daniels Midl	$39,019,000	-16.8%	1,059,135	-23.4%	1.62%	-12.8%
ETR	Sell	Entergy Corp.	$38,364,000	-18.4%	607,124	-10.0%	1.59%	-14.5%
EMC	Sell	EMC Corp.	$38,230,000	-2.6%	1,495,687	-10.0%	1.58%	+2.1%
ORCL	Buy	Oracle Corp.	$36,787,000	+17.7%	1,109,042	+8.9%	1.52%	+23.4%
CSCO	Sell	Cisco Systems Inc.	$36,559,000	-20.6%	1,560,274	-17.5%	1.52%	-16.8%
SPLS	Sell	Staples Inc.	$34,266,000	-32.8%	2,339,002	-27.2%	1.42%	-29.6%
ESV	New	ENSCO International	$34,193,000	–	636,145	–	1.42%	–
LLY	Sell	Eli Lilly & Co.	$33,789,000	-7.4%	671,356	-9.6%	1.40%	-3.0%
FITB	Sell	Fifth Third Bancorp	$33,326,000	-11.8%	1,846,324	-11.8%	1.38%	-7.5%
GS	Sell	Goldman Sachs Group	$33,158,000	-6.4%	209,580	-10.5%	1.37%	-1.9%
MPC	Sell	Marathon Petroleum	$31,766,000	-18.4%	493,869	-9.9%	1.32%	-14.4%
NUE	Sell	Nucor Corp.	$31,675,000	+0.9%	646,175	-10.8%	1.31%	+5.8%
MU	New	Micron Technology I	$27,852,000	–	1,594,395	–	1.15%	–
TRV	Sell	Travelers Cos. Inc.	$25,858,000	-24.7%	305,038	-29.0%	1.07%	-21.1%
PXD	Sell	Pioneer Natural Res	$11,827,000	+27.2%	62,645	-2.4%	0.49%	+33.5%
TSN	Sell	Tyson Foods Inc. (C	$10,462,000	+7.5%	369,930	-2.4%	0.43%	+12.7%
COG	Buy	Cabot Oil & Gas Cor	$10,216,000	+2.5%	273,740	+95.1%	0.42%	+7.4%
TRW	Sell	TRW Automotive Hold	$9,722,000	+4.7%	136,340	-2.4%	0.40%	+9.8%
SYMC	Sell	Symantec Corp.	$9,302,000	+7.4%	375,850	-2.4%	0.39%	+12.9%
DFS	Sell	Discover Financial	$9,260,000	+3.5%	183,220	-2.5%	0.38%	+8.5%
RE	Sell	Everest Re Group Lt	$8,884,000	+10.4%	61,095	-2.6%	0.37%	+15.7%
HUM	Sell	Humana Inc.	$8,736,000	+7.9%	93,600	-2.4%	0.36%	+13.1%
WHR	Sell	Whirlpool Corp.	$8,574,000	+24.9%	58,550	-2.4%	0.36%	+31.0%
WLL	Sell	Whiting Petroleum C	$8,438,000	+26.8%	140,990	-2.4%	0.35%	+33.1%
STI	Sell	SunTrust Banks Inc.	$8,356,000	+0.2%	257,740	-2.4%	0.35%	+4.8%
ZION	Sell	Zions Bancorp	$8,204,000	-7.5%	299,180	-2.4%	0.34%	-3.1%
KMT	Sell	Kennametal Inc.	$8,082,000	+15.1%	177,230	-2.0%	0.34%	+20.5%
XLNX	Sell	Xilinx Inc.	$8,081,000	+15.4%	172,480	-2.4%	0.34%	+20.9%
SXT	Sell	Sensient Technologi	$8,087,000	+15.2%	168,872	-2.6%	0.34%	+20.9%
HRL	Sell	Hormel Foods Corp.	$8,061,000	+6.4%	191,370	-2.6%	0.33%	+11.3%
CMA	Sell	Comerica Inc.	$8,060,000	-3.7%	205,045	-2.4%	0.33%	+0.9%
LNC	Sell	Lincoln National Co	$7,948,000	+12.3%	189,295	-2.5%	0.33%	+17.5%
WRB	Sell	W.R. Berkley Corp.	$7,866,000	+2.3%	183,530	-2.5%	0.33%	+7.2%
HSP	Sell	Hospira Inc.	$7,794,000	-0.1%	198,715	-2.4%	0.32%	+4.5%
ZBH	Sell	Zimmer Holdings Inc	$7,731,000	+7.0%	94,115	-2.4%	0.32%	+11.9%
ARRS	Sell	Arris Group Inc.	$7,686,000	+15.9%	450,785	-2.4%	0.32%	+21.8%
BBBY	Buy	Bed Bath & Beyond I	$7,656,000	+3103.3%	98,960	+2836.5%	0.32%	+3422.2%
PH	Sell	Parker Hannifin Cor	$7,561,000	+11.2%	69,550	-2.4%	0.31%	+16.4%
LUV	New	Southwest Airlines	$7,539,000	–	517,800	–	0.31%	–
R108	Sell	Energizer Holdings	$7,392,000	-11.5%	81,100	-2.4%	0.31%	-7.3%
KLAC	Sell	KLA-Tencor Corp.	$7,288,000	+6.5%	119,770	-2.5%	0.30%	+11.4%
JBL	Sell	Jabil Circuit Inc.	$7,193,000	+3.8%	331,784	-2.4%	0.30%	+8.8%
PTEN	Sell	Patterson-UTI Energ	$6,938,000	+7.6%	324,512	-2.6%	0.29%	+12.9%
OGE	Buy	OGE Energy Corp.	$6,891,000	+3.2%	190,930	+95.0%	0.29%	+8.3%
FHN	Sell	First Horizon Natio	$6,757,000	-4.3%	614,789	-2.4%	0.28%	+0.4%
MSI	Sell	Motorola Solutions	$6,648,000	+0.4%	111,950	-2.4%	0.28%	+5.3%
XEL	Buy	Xcel Energy Inc.	$6,203,000	+22.4%	224,660	+25.6%	0.26%	+28.5%
HCP	Buy	HCP Inc.	$6,101,000	+19.9%	148,990	+33.0%	0.25%	+25.9%
RBC	Sell	Regal-Beloit Corp.	$6,024,000	+3.0%	88,685	-1.7%	0.25%	+8.2%
ON	Sell	ON Semiconductor Co	$5,931,000	-11.8%	811,490	-2.5%	0.25%	-7.5%
PNW	Sell	Pinnacle West Capit	$5,657,000	-3.7%	103,335	-2.5%	0.23%	+0.9%
SON	Sell	Sonoco Products Co.	$5,589,000	+9.9%	143,530	-2.4%	0.23%	+15.4%
MYGN	Sell	Myriad Genetics Inc	$5,241,000	-14.7%	223,000	-2.5%	0.22%	-10.7%
NFX	Sell	Newfield Exploratio	$5,121,000	+11.7%	187,100	-2.5%	0.21%	+17.1%
REG	Sell	Regency Centers Cor	$5,069,000	-7.2%	104,845	-2.5%	0.21%	-2.8%
PLD	Sell	ProLogis Inc.	$4,955,000	-2.7%	131,700	-2.4%	0.20%	+2.0%
GES	Sell	Guess? Inc.	$4,632,000	-6.3%	155,160	-2.6%	0.19%	-2.0%
TDW	Sell	Tidewater Inc.	$4,388,000	+1.6%	73,930	-2.5%	0.18%	+6.4%
BXP	Sell	Boston Properties I	$4,306,000	-1.3%	40,280	-2.6%	0.18%	+3.5%
DV	Sell	DeVry Inc.	$4,167,000	-3.9%	136,350	-2.4%	0.17%	+1.2%
CLI	Sell	Mack-Cali Realty Co	$3,619,000	-12.6%	164,950	-2.4%	0.15%	-8.5%
FE	Sell	FirstEnergy Corp.	$3,566,000	-4.7%	97,840	-2.4%	0.15%	0.0%
CLF	Sell	Cliffs Natural Reso	$3,235,000	+23.1%	157,785	-2.4%	0.13%	+28.8%
MUSA	New	Murphy USA	$1,052,000	–	26,057	–	0.04%	–
PEP	Sell	PepsiCo Inc.	$917,000	-8.7%	11,535	-6.0%	0.04%	-5.0%
V	Sell	Visa Inc.	$737,000	+4.5%	3,858	-0.1%	0.03%	+10.7%
BMY	Sell	Bristol-Myers Squib	$611,000	+1.7%	13,200	-1.9%	0.02%	+4.2%
WAG	Sell	Walgreen Co.	$609,000	+0.2%	11,321	-17.7%	0.02%	+4.2%
BLK	Sell	Blackrock Inc.	$609,000	-3.3%	2,251	-8.2%	0.02%	0.0%
PFE	Sell	Pfizer Inc.	$569,000	-4.8%	19,821	-7.2%	0.02%	0.0%
VZ	Sell	Verizon Communicati	$543,000	-17.7%	11,641	-11.1%	0.02%	-11.5%
AAPL	Sell	Apple Inc.	$539,000	+4.9%	1,131	-12.7%	0.02%	+10.0%
DVN	Sell	Devon Energy Corp.	$489,000	-2.2%	8,470	-12.2%	0.02%	0.0%
GE	Sell	General Electric Co	$486,000	-98.3%	20,351	-98.4%	0.02%	-98.2%
UTX	Sell	United Technologies	$494,000	+2.5%	4,580	-11.8%	0.02%	+5.3%
GOOGL	Sell	Google Inc. (Cl A)	$455,000	-11.1%	520	-10.7%	0.02%	-5.0%
DD	Sell	E.I. DuPont de Nemo	$446,000	-0.9%	7,623	-11.0%	0.02%	0.0%
CELG	Sell	Celgene Corp.	$410,000	+14.2%	2,662	-13.3%	0.02%	+21.4%
APA	Sell	Apache Corp.	$375,000	-10.5%	4,401	-11.9%	0.02%	-5.9%
HELE	Sell	Helen of Troy Corp.	$388,000	+11.2%	8,758	-3.7%	0.02%	+14.3%
EWBC	Sell	East West Bancorp I	$378,000	+10.9%	11,817	-4.7%	0.02%	+23.1%
DE	Buy	Deere & Co.	$391,000	+30.3%	4,809	+30.4%	0.02%	+33.3%
NEE	Buy	NextEra Energy Inc	$365,000	+13.4%	4,548	+14.9%	0.02%	+15.4%
NSC	Sell	Norfolk Southern Co	$372,000	-13.9%	4,803	-19.2%	0.02%	-11.8%
SYNA	Sell	Synaptics Inc.	$351,000	+8.3%	7,925	-5.8%	0.02%	+15.4%
A309PS	Sell	DIRECTV	$336,000	-18.4%	5,620	-15.9%	0.01%	-12.5%
BA	Sell	Boeing Co.	$329,000	-9.6%	2,803	-21.1%	0.01%	0.0%
QCOM	Sell	QUALCOMM Inc.	$339,000	-5.0%	5,035	-13.8%	0.01%	0.0%
ESL	Sell	Esterline Technolog	$332,000	+4.1%	4,156	-5.9%	0.01%	+7.7%
EBAY	Sell	eBay Inc.	$314,000	-5.1%	5,635	-12.0%	0.01%	0.0%
BRLI	Sell	Bio-Reference Labor	$319,000	+0.9%	10,665	-3.0%	0.01%	+8.3%
AET	Sell	Aetna Inc.	$315,000	-26.6%	4,925	-27.1%	0.01%	-23.5%
COH	Sell	Coach Inc.	$280,000	-31.2%	5,142	-27.8%	0.01%	-25.0%
SFG	Sell	StanCorp Financial	$274,000	+9.6%	4,984	-1.4%	0.01%	+10.0%
CF	Sell	CF Industries Holdi	$257,000	+0.4%	1,219	-18.2%	0.01%	+10.0%
CJES	Sell	C & J Energy Servic	$256,000	-1.5%	12,735	-5.0%	0.01%	+10.0%
ESRX	Sell	Express Scripts Inc	$271,000	-20.3%	4,390	-20.2%	0.01%	-15.4%
HAS	Sell	Hasbro Inc.	$267,000	-15.0%	5,669	-19.1%	0.01%	-8.3%
ITG	Sell	Investment Technolo	$277,000	0.0%	17,641	-10.9%	0.01%	0.0%
UTHR	New	United Therapeutics	$237,000	–	3,005	–	0.01%	–
CNP	Sell	CenterPoint Energy	$247,000	-12.7%	10,304	-14.4%	0.01%	-9.1%
ABT	Sell	Abbott Laboratories	$224,000	-23.0%	6,754	-19.1%	0.01%	-25.0%
PCLN	New	priceline.com Inc.	$202,000	–	200	–	0.01%	–
WFC	Exit	WELLS FARGO & CO.	$0	–	-5,170	–	-0.01%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-2,750	–	-0.01%	–
SYK	Exit	STRYKER CORP.	$0	–	-3,665	–	-0.01%	–
KR	Exit	KROGER CO.	$0	–	-6,555	–	-0.01%	–
HD	Exit	HOME DEPOT INC.	$0	–	-3,305	–	-0.01%	–
ATK	Exit	ALLIANT TECHSYSTEMS	$0	–	-40,660	–	-0.13%	–
BBY	Exit	BEST BUY CO. INC.	$0	–	-251,275	–	-0.27%	–
SYY	Exit	SYSCO CORP.	$0	–	-900,184	–	-1.22%	–

Q2 2013

			Value		Shares		↓ Weighting
LUMN	New	CENTURYLINK INC.	$64,223,000	–	1,816,766	–	2.54%	–
JPM	New	JPMORGAN CHASE & CO	$63,598,000	–	1,204,742	–	2.51%	–
MET	New	METLIFE INC.	$61,385,000	–	1,341,451	–	2.43%	–
CVX	New	CHEVRON CORP.	$61,069,000	–	516,049	–	2.41%	–
STJ	New	ST. JUDE MEDICAL IN	$60,665,000	–	1,329,491	–	2.40%	–
UNH	New	UNITEDHEALTH GROUP	$60,644,000	–	926,146	–	2.40%	–
DOV	New	DOVER CORP.	$57,373,000	–	738,778	–	2.27%	–
ALL	New	ALLSTATE CORP.	$56,661,000	–	1,177,497	–	2.24%	–
MRK	New	MERCK & CO INC	$54,473,000	–	1,172,728	–	2.15%	–
MRO	New	MARATHON OIL CORP.	$53,694,000	–	1,552,743	–	2.12%	–
MUR	New	MURPHY OIL CORP.	$53,276,000	–	874,956	–	2.11%	–
GD	New	GENERAL DYNAMICS CO	$52,870,000	–	674,968	–	2.09%	–
MSFT	New	MICROSOFT CORP.	$51,711,000	–	1,496,903	–	2.04%	–
SPLS	New	STAPLES INC.	$50,991,000	–	3,213,049	–	2.02%	–
AIG	New	AMERICAN INT'L GROU	$50,591,000	–	1,131,791	–	2.00%	–
JNJ	New	JOHNSON & JOHNSON	$50,329,000	–	586,178	–	1.99%	–
STT	New	STATE STREET CORP.	$49,986,000	–	766,532	–	1.98%	–
HIG	New	HARTFORD FINANCIAL	$48,515,000	–	1,569,065	–	1.92%	–
COF	New	CAPITAL ONE FINANCI	$48,438,000	–	771,190	–	1.92%	–
DHR	New	DANAHER CORP.	$48,097,000	–	759,830	–	1.90%	–
VFC	New	VF CORP.	$47,443,000	–	245,740	–	1.88%	–
XOM	New	EXXON MOBIL CORP.	$47,390,000	–	524,514	–	1.87%	–
NOV	New	NATIONAL OILWELL VA	$47,305,000	–	686,569	–	1.87%	–
ETR	New	ENTERGY CORP.	$47,018,000	–	674,764	–	1.86%	–
ADM	New	ARCHER DANIELS MIDL	$46,896,000	–	1,382,953	–	1.85%	–
AEP	New	AMERICAN ELECTRIC P	$46,203,000	–	1,031,783	–	1.83%	–
CSCO	New	CISCO SYSTEMS INC.	$46,032,000	–	1,891,596	–	1.82%	–
FCX	New	FREEPORT-MCMORAN CO	$45,789,000	–	1,658,433	–	1.81%	–
MCK	New	MCKESSON CORP.	$44,482,000	–	388,492	–	1.76%	–
COP	New	CONOCOPHILLIPS	$44,208,000	–	730,714	–	1.75%	–
CVS	New	CVS CAREMARK CORP.	$43,846,000	–	766,809	–	1.73%	–
PEG	New	PUBLIC SERVICE ENTE	$43,432,000	–	1,329,829	–	1.72%	–
SWK	New	STANLEY BLACK & DEC	$43,370,000	–	561,055	–	1.72%	–
INTC	New	INTEL CORP.	$43,044,000	–	1,776,474	–	1.70%	–
KSS	New	KOHL'S CORP.	$42,163,000	–	834,739	–	1.67%	–
EMC	New	EMC CORP.	$39,263,000	–	1,662,272	–	1.55%	–
MPC	New	MARATHON PETROLEUM	$38,931,000	–	547,862	–	1.54%	–
KMB	New	KIMBERLY-CLARK CORP	$38,600,000	–	397,368	–	1.53%	–
FITB	New	FIFTH THIRD BANCORP	$37,770,000	–	2,092,525	–	1.49%	–
LLY	New	ELI LILLY & CO.	$36,491,000	–	742,897	–	1.44%	–
GS	New	GOLDMAN SACHS GROUP	$35,431,000	–	234,255	–	1.40%	–
TRV	New	TRAVELERS COS. INC.	$34,340,000	–	429,683	–	1.36%	–
NUE	New	NUCOR CORP.	$31,380,000	–	724,385	–	1.24%	–
ORCL	New	ORACLE CORP.	$31,262,000	–	1,017,990	–	1.24%	–
SYY	New	SYSCO CORP.	$30,750,000	–	900,184	–	1.22%	–
GE	New	GENERAL ELECTRIC CO	$28,801,000	–	1,241,960	–	1.14%	–
FLR	New	FLUOR CORP.	$24,090,000	–	406,170	–	0.95%	–
COG	New	CABOT OIL & GAS COR	$9,965,000	–	140,310	–	0.39%	–
TSN	New	TYSON FOODS INC. (C	$9,733,000	–	379,000	–	0.38%	–
TRW	New	TRW AUTOMOTIVE HOLD	$9,286,000	–	139,760	–	0.37%	–
PXD	New	PIONEER NATURAL RES	$9,295,000	–	64,215	–	0.37%	–
DFS	New	DISCOVER FINANCIAL	$8,948,000	–	187,830	–	0.35%	–
ZION	New	ZIONS BANCORP	$8,868,000	–	306,630	–	0.35%	–
SYMC	New	SYMANTEC CORP.	$8,660,000	–	385,240	–	0.34%	–
CMA	New	COMERICA INC.	$8,370,000	–	210,145	–	0.33%	–
STI	New	SUNTRUST BANKS INC.	$8,340,000	–	264,170	–	0.33%	–
R108	New	ENERGIZER HOLDINGS	$8,352,000	–	83,100	–	0.33%	–
HUM	New	HUMANA INC.	$8,095,000	–	95,930	–	0.32%	–
RE	New	EVEREST RE GROUP LT	$8,045,000	–	62,725	–	0.32%	–
HSP	New	HOSPIRA INC.	$7,803,000	–	203,675	–	0.31%	–
WRB	New	W.R. BERKLEY CORP.	$7,687,000	–	188,140	–	0.30%	–
HRL	New	HORMEL FOODS CORP.	$7,579,000	–	196,460	–	0.30%	–
ZBH	New	ZIMMER HOLDINGS INC	$7,227,000	–	96,435	–	0.29%	–
LNC	New	LINCOLN NATIONAL CO	$7,079,000	–	194,095	–	0.28%	–
FHN	New	FIRST HORIZON NATIO	$7,058,000	–	630,139	–	0.28%	–
KMT	New	KENNAMETAL INC.	$7,022,000	–	180,850	–	0.28%	–
XLNX	New	XILINX INC.	$7,000,000	–	176,720	–	0.28%	–
SXT	New	SENSIENT TECHNOLOGI	$7,018,000	–	173,422	–	0.28%	–
JBL	New	JABIL CIRCUIT INC.	$6,929,000	–	340,014	–	0.27%	–
BBY	New	BEST BUY CO. INC.	$6,867,000	–	251,275	–	0.27%	–
WHR	New	WHIRLPOOL CORP.	$6,863,000	–	60,010	–	0.27%	–
KLAC	New	KLA-TENCOR CORP.	$6,844,000	–	122,800	–	0.27%	–
PH	New	PARKER HANNIFIN COR	$6,801,000	–	71,290	–	0.27%	–
ON	New	ON SEMICONDUCTOR CO	$6,725,000	–	832,360	–	0.27%	–
OGE	New	OGE ENERGY CORP.	$6,677,000	–	97,905	–	0.26%	–
WLL	New	WHITING PETROLEUM C	$6,656,000	–	144,420	–	0.26%	–
MSI	New	MOTOROLA SOLUTIONS	$6,621,000	–	114,690	–	0.26%	–
ARRS	New	ARRIS GROUP INC.	$6,631,000	–	462,065	–	0.26%	–
PTEN	New	PATTERSON-UTI ENERG	$6,447,000	–	333,087	–	0.26%	–
MYGN	New	MYRIAD GENETICS INC	$6,144,000	–	228,655	–	0.24%	–
PNW	New	PINNACLE WEST CAPIT	$5,876,000	–	105,935	–	0.23%	–
RBC	New	REGAL-BELOIT CORP.	$5,849,000	–	90,210	–	0.23%	–
REG	New	REGENCY CENTERS COR	$5,462,000	–	107,505	–	0.22%	–
PLD	New	PROLOGIS INC.	$5,091,000	–	134,960	–	0.20%	–
SON	New	SONOCO PRODUCTS CO.	$5,085,000	–	147,100	–	0.20%	–
HCP	New	HCP INC.	$5,089,000	–	111,990	–	0.20%	–
XEL	New	XCEL ENERGY INC.	$5,069,000	–	178,850	–	0.20%	–
GES	New	GUESS? INC.	$4,945,000	–	159,350	–	0.20%	–
NFX	New	NEWFIELD EXPLORATIO	$4,584,000	–	191,880	–	0.18%	–
BXP	New	BOSTON PROPERTIES I	$4,361,000	–	41,350	–	0.17%	–
TDW	New	TIDEWATER INC.	$4,319,000	–	75,810	–	0.17%	–
DV	New	DEVRY INC.	$4,335,000	–	139,760	–	0.17%	–
CLI	New	MACK-CALI REALTY CO	$4,141,000	–	169,070	–	0.16%	–
FE	New	FIRSTENERGY CORP.	$3,743,000	–	100,250	–	0.15%	–
ATK	New	ALLIANT TECHSYSTEMS	$3,348,000	–	40,660	–	0.13%	–
CLF	New	CLIFFS NATURAL RESO	$2,628,000	–	161,715	–	0.10%	–
EFA	New	I SHARES TR MSCI EA	$1,098,000	–	19,156	–	0.04%	–
PEP	New	PEPSICO INC.	$1,004,000	–	12,275	–	0.04%	–
MCD	New	MCDONALD'S CORP.	$1,000,000	–	10,100	–	0.04%	–
V	New	VISA INC.	$705,000	–	3,860	–	0.03%	–
VZ	New	VERIZON COMMUNICATI	$660,000	–	13,101	–	0.03%	–
BLK	New	BLACKROCK INC.	$630,000	–	2,453	–	0.02%	–
LOW	New	LOWE'S COS.	$628,000	–	15,350	–	0.02%	–
WAG	New	WALGREEN CO.	$608,000	–	13,761	–	0.02%	–
PFE	New	PFIZER INC.	$598,000	–	21,361	–	0.02%	–
BMY	New	BRISTOL-MYERS SQUIB	$601,000	–	13,450	–	0.02%	–
DVN	New	DEVON ENERGY CORP.	$500,000	–	9,645	–	0.02%	–
AAPL	New	APPLE INC.	$514,000	–	1,296	–	0.02%	–
GOOGL	New	GOOGLE INC. (CL A)	$512,000	–	582	–	0.02%	–
UTX	New	UNITED TECHNOLOGIES	$482,000	–	5,190	–	0.02%	–
DD	New	E.I. DUPONT DE NEMO	$450,000	–	8,563	–	0.02%	–
NSC	New	NORFOLK SOUTHERN CO	$432,000	–	5,943	–	0.02%	–
AET	New	AETNA INC.	$429,000	–	6,755	–	0.02%	–
APA	New	APACHE CORP.	$419,000	–	4,996	–	0.02%	–
A309PS	New	DIRECTV	$412,000	–	6,680	–	0.02%	–
COH	New	COACH INC.	$407,000	–	7,122	–	0.02%	–
QCOM	New	QUALCOMM INC.	$357,000	–	5,840	–	0.01%	–
CELG	New	CELGENE CORP.	$359,000	–	3,070	–	0.01%	–
BA	New	BOEING CO.	$364,000	–	3,553	–	0.01%	–
HELE	New	HELEN OF TROY CORP.	$349,000	–	9,098	–	0.01%	–
EBAY	New	EBAY INC.	$331,000	–	6,405	–	0.01%	–
ESRX	New	EXPRESS SCRIPTS INC	$340,000	–	5,500	–	0.01%	–
ESL	New	ESTERLINE TECHNOLOG	$319,000	–	4,416	–	0.01%	–
NEE	New	NEXTERA ENERGY INC	$322,000	–	3,958	–	0.01%	–
EWBC	New	EAST WEST BANCORP I	$341,000	–	12,397	–	0.01%	–
SYNA	New	SYNAPTICS INC.	$324,000	–	8,415	–	0.01%	–
HAS	New	HASBRO INC.	$314,000	–	7,009	–	0.01%	–
ABT	New	ABBOTT LABORATORIES	$291,000	–	8,344	–	0.01%	–
BRLI	New	BIO-REFERENCE LABOR	$316,000	–	11,000	–	0.01%	–
DE	New	DEERE & CO.	$300,000	–	3,689	–	0.01%	–
CNP	New	CENTERPOINT ENERGY	$283,000	–	12,044	–	0.01%	–
ITG	New	INVESTMENT TECHNOLO	$277,000	–	19,801	–	0.01%	–
CJES	New	C & J ENERGY SERVIC	$260,000	–	13,405	–	0.01%	–
CF	New	CF INDUSTRIES HOLDI	$256,000	–	1,491	–	0.01%	–
SFG	New	STANCORP FINANCIAL	$250,000	–	5,054	–	0.01%	–
HD	New	HOME DEPOT INC.	$256,000	–	3,305	–	0.01%	–
KR	New	KROGER CO.	$226,000	–	6,555	–	0.01%	–
SYK	New	STRYKER CORP.	$237,000	–	3,665	–	0.01%	–
BBBY	New	BED BATH & BEYOND I	$239,000	–	3,370	–	0.01%	–
PG	New	PROCTER & GAMBLE CO	$212,000	–	2,750	–	0.01%	–
WFC	New	WELLS FARGO & CO.	$213,000	–	5,170	–	0.01%	–

Compare quarters

Export HUDSON EDGE INVESTMENT PARTNERS INC.'s holdings