AUGUSTINE ASSET MANAGEMENT INC Activity Q4 1999-Q2 2024

Q2 2024

			Value		Shares		↓ Weighting
APP	New	AppLovin Corp - Cl A (app)	$30,999,367	–	372,499	–	11.97%	–
AAPL	New	Apple Inc (aapl)	$28,544,697	–	135,527	–	11.02%	–
MSFT	New	Microsoft Corp (msft)	$28,263,330	–	63,236	–	10.92%	–
TSM	New	Taiwan Semiconductor (tsm)	$21,446,242	–	123,389	–	8.28%	–
IBN	New	Icici Bank (ibn)	$10,800,667	–	374,893	–	4.17%	–
MRK	New	Merck & Co (mrk)	$9,786,142	–	79,048	–	3.78%	–
AAAU	New	Goldman Sachs Physical Gold (aetf	$8,258,404	–	358,983	–	3.19%	–
	New	Shell PLC (shel)	$7,635,874	–	105,789	–	2.95%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$7,099,326	–	35,100	–	2.74%	–
TTE	New	TotalEnergies SE ADR (tte)	$6,178,102	–	92,653	–	2.39%	–
SLV	New	Ishares Silver Trust(slv)etf	$5,053,428	–	190,193	–	1.95%	–
GPN	New	Global Pymts (gpn)	$4,886,209	–	50,530	–	1.89%	–
REGN	New	Regeneron Pharmaceuticals (reg	$4,788,493	–	4,556	–	1.85%	–
ECL	New	Ecolab Inc (ecl)	$4,476,304	–	18,808	–	1.73%	–
SNY	New	Sanofi-Aventis (sny)	$4,018,426	–	82,820	–	1.55%	–
RDY	New	Dr Reddys Labs (rdy)	$3,857,033	–	50,624	–	1.49%	–
MUFG	New	Mitsubishi UFJ ADR (mufg)	$3,818,578	–	353,572	–	1.48%	–
APTV	New	Aptiv (aptv)	$3,788,385	–	53,797	–	1.46%	–
GILD	New	Gilead Sciences Inc (gild)	$3,637,241	–	53,013	–	1.40%	–
SMFG	New	Sumitomo Mit Adr Rep 1/5Th Of	$3,388,546	–	252,688	–	1.31%	–
MDT	New	Medtronic Plc (mdt)	$2,937,536	–	37,321	–	1.13%	–
BRKB	New	Berkshire Hathaway (brk/b)	$2,865,092	–	7,043	–	1.11%	–
SPY	New	Spdr S&P 500 ETF Tr (spy)etf	$2,624,229	–	4,822	–	1.01%	–
CG	New	The Carlyle Group Inc (cg)	$2,523,383	–	62,849	–	0.98%	–
CSX	New	Csx Corp (csx)	$2,416,495	–	72,242	–	0.93%	–
NKE	New	Nike Inc -Cl B (nke)	$2,389,229	–	31,700	–	0.92%	–
MFG	New	Mizuho Financial Group, Inc. (	$1,974,919	–	466,884	–	0.76%	–
AMGN	New	Amgen Inc (amgn)	$1,839,706	–	5,888	–	0.71%	–
GLD	New	Spdr Gold Tr Spdr (gld)etf	$1,816,189	–	8,447	–	0.70%	–
RTX	New	Raytheon Technologies	$1,443,207	–	14,376	–	0.56%	–
LMT	New	Lockheed Martin (lmt)	$1,429,326	–	3,060	–	0.55%	–
BDX	New	Becton Dickinson (bdx)	$1,405,363	–	6,013	–	0.54%	–
PEP	New	Pepsico Inc (pep)	$1,397,617	–	8,474	–	0.54%	–
AMT	New	American Tower Corp (amt)	$1,370,962	–	7,053	–	0.53%	–
MU	New	Micron Technology Inc (mu)	$1,188,505	–	9,036	–	0.46%	–
NVDA	New	Nvidia Corp (nvda)	$1,169,924	–	9,470	–	0.45%	–
BAC	New	Bank Of America Corp (bac)	$1,145,973	–	28,815	–	0.44%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,123,945	–	60,104	–	0.43%	–
FNV	New	Franco Nevada Corp (fnv)	$1,042,976	–	8,800	–	0.40%	–
XOM	New	Exxon Mobil Corp (xom)	$977,599	–	8,492	–	0.38%	–
CRM	New	Salesforce.Com Inc (crm)	$976,209	–	3,797	–	0.38%	–
GOOG	New	Alphabet Inc-Cl C (goog)	$977,262	–	5,328	–	0.38%	–
WMT	New	Wal-Mart Stores Inc (wmt)	$972,112	–	14,357	–	0.38%	–
	New	Kodiak Gas Services, Inc. (kgs	$937,744	–	34,400	–	0.36%	–
AMZN	New	Amazon.Com Inc (amzn)	$869,222	–	4,498	–	0.34%	–
LOW	New	Lowes Cos (low)	$868,171	–	3,938	–	0.34%	–
IAT	New	iShares U.S. Regional Banks ETetf	$829,200	–	20,000	–	0.32%	–
MA	New	Mastercard Inc - A (ma)	$763,207	–	1,730	–	0.30%	–
CHT	New	Chunghwa Telecm (cht)	$747,335	–	19,356	–	0.29%	–
BX	New	Blackstone Inc (bx)	$689,195	–	5,567	–	0.27%	–
V	New	Visa Inc-Class A Shares (v)	$640,427	–	2,440	–	0.25%	–
JNJ	New	Johnson & Johnson (jnj)	$518,430	–	3,547	–	0.20%	–
FOX	New	Fox Corporation	$480,300	–	15,000	–	0.18%	–
IRM	New	Iron Mountain Inc (irm)	$476,241	–	5,314	–	0.18%	–
IJH	New	Ishares Core S&P Midcap etf (ietf	$468,745	–	8,010	–	0.18%	–
WMB	New	Williams Co (wmb)	$467,840	–	11,008	–	0.18%	–
YUM	New	YUM! Brands (yum)	$456,987	–	3,450	–	0.18%	–
GOOGL	New	Alphabet Inc-Cl A (googl)	$454,646	–	2,496	–	0.18%	–
CAH	New	Cardinal Health Inc (cah)	$430,052	–	4,374	–	0.17%	–
VZ	New	Verizon Communications Inc (vz	$431,040	–	10,452	–	0.17%	–
BP	New	BP Plc (bp)	$416,450	–	11,536	–	0.16%	–
EMR	New	Emerson Electric Co (emr)	$388,644	–	3,528	–	0.15%	–
LLY	New	Eli Lilly & Co (lly)	$365,774	–	404	–	0.14%	–
MPC	New	Marathon Petroleum	$362,747	–	2,091	–	0.14%	–
IUSV	New	iShares Core S&P US Value (iusetf	$360,011	–	4,085	–	0.14%	–
CSCO	New	Cisco Systems Inc (csco)	$348,533	–	7,336	–	0.14%	–
NRG	New	NRG Energy Inc (nrg)	$323,975	–	4,161	–	0.12%	–
DVN	New	Devon Energy (dvn)	$316,300	–	6,673	–	0.12%	–
HD	New	Home Depot Inc (hd)	$316,357	–	919	–	0.12%	–
ELY	New	TopGolf Callaway (modg)	$311,248	–	20,343	–	0.12%	–
KO	New	Coca-Cola Co/The (ko)	$306,475	–	4,815	–	0.12%	–
AES	New	AES Corp (aes)	$298,514	–	16,990	–	0.12%	–
COG	New	Coterra Energy Inc (ctra)	$293,370	–	11,000	–	0.11%	–
TRMK	New	Trustmark Corp (trmk)	$289,075	–	9,623	–	0.11%	–
FB	New	Meta Platforms, Inc (meta)	$283,876	–	563	–	0.11%	–
SPG	New	Simon Property Group Inc (spg)	$282,196	–	1,859	–	0.11%	–
MO	New	Altria Group Inc (mo)	$281,135	–	6,172	–	0.11%	–
UL	New	Unilever Plc (ul)	$270,386	–	4,917	–	0.10%	–
FNF	New	Fidelity National Financial (f	$254,810	–	5,156	–	0.10%	–
IJR	New	Ishares Core S&P Sm Cap (ijr)etf	$250,438	–	2,348	–	0.10%	–
DVY	New	Ishares Select Div (dvy)etf	$250,439	–	2,070	–	0.10%	–
OMAB	New	Grupo Aeroportuario Cen ADR (o	$251,590	–	3,719	–	0.10%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$242,382	–	6,963	–	0.09%	–
RF	New	Regions Financial Corp (rf)	$244,288	–	12,190	–	0.09%	–
BTI	New	British American Tob (bti)	$234,666	–	7,587	–	0.09%	–
SPSB	New	SPDR Port Short Term Corp (spsfi etf	$236,650	–	7,968	–	0.09%	–
FAF	New	First American Financial (faf)	$235,492	–	4,365	–	0.09%	–
MPLX	New	Mplx Lp	$232,115	–	5,450	–	0.09%	–
IUSG	New	iShares Core S&P US Growth (iuetf	$232,396	–	1,823	–	0.09%	–
TXN	New	Texas Instruments Inc (txn)	$222,153	–	1,142	–	0.09%	–
TFC	New	Truist Financial Corp (tfc)	$222,882	–	5,737	–	0.09%	–
SDY	New	SPDR S&P Dividend (sdy)etf	$207,435	–	1,631	–	0.08%	–
DTN	New	WisdomTree US AI Enhanced Valuetf	$204,242	–	2,047	–	0.08%	–
WIT	New	Wipro Ltd-ADR (wit)	$201,318	–	33,003	–	0.08%	–
PBRA	New	Petroleo Brasil-Sp Pref ADR (p	$139,987	–	10,263	–	0.05%	–

Q4 2023

			Value		Shares		↓ Weighting
PBRA	Exit	Petroleo Brasil-Sp Pref ADR (p	$0	–	-10,469	–	-0.07%	–
WIT	Exit	Wipro Ltd-ADR (wit)	$0	–	-33,653	–	-0.08%	–
T	Exit	At&T Inc (t)	$0	–	-11,136	–	-0.08%	–
NRG	Exit	NRG Energy Inc (nrg)	$0	–	-5,401	–	-0.10%	–
WFC	Exit	Wells Fargo (wfc)	$0	–	-5,068	–	-0.10%	–
GLW	Exit	Corning Inc (glw)	$0	–	-6,866	–	-0.10%	–
TRMK	Exit	Trustmark Corp (trmk)	$0	–	-9,644	–	-0.10%	–
SPSB	Exit	SPDR Port Short Term Corp (spsfi etf	$0	–	-7,247	–	-0.10%	–
IJR	Exit	Ishares Core S&P Sm Cap (ijr)etf	$0	–	-2,367	–	-0.10%	–
DVY	Exit	Ishares Select Div (dvy)etf	$0	–	-2,142	–	-0.11%	–
IUSV	Exit	iShares Core S&P US Value (iusetf	$0	–	-3,123	–	-0.11%	–
RF	Exit	Regions Financial Corp (rf)	$0	–	-13,705	–	-0.11%	–
SDY	Exit	SPDR S&P Dividend (sdy)etf	$0	–	-2,075	–	-0.11%	–
FMC	Exit	FMC (fmc)	$0	–	-3,556	–	-0.11%	–
DVN	Exit	Devon Energy (dvn)	$0	–	-5,153	–	-0.11%	–
LLY	Exit	Eli Lilly & Co (lly)	$0	–	-459	–	-0.11%	–
TXN	Exit	Texas Instruments Inc (txn)	$0	–	-1,568	–	-0.12%	–
MO	Exit	Altria Group Inc (mo)	$0	–	-6,154	–	-0.12%	–
PXD	Exit	Pioneer Natural Res (pxd)	$0	–	-1,142	–	-0.12%	–
MTUM	Exit	Ishares Edge MSCI USA Moment (etf	$0	–	-1,885	–	-0.12%	–
BTI	Exit	British American Tob (bti)	$0	–	-8,425	–	-0.12%	–
HSBC	Exit	HSBC Holdings (hsbc)	$0	–	-6,736	–	-0.12%	–
TFC	Exit	Truist Financial Corp (tfc)	$0	–	-9,413	–	-0.12%	–
UL	Exit	Unilever Plc (ul)	$0	–	-5,479	–	-0.12%	–
FNF	Exit	Fidelity National Financial (f	$0	–	-6,731	–	-0.13%	–
HD	Exit	Home Depot Inc (hd)	$0	–	-945	–	-0.13%	–
ELY	Exit	TopGolf Callaway (modg)	$0	–	-20,843	–	-0.13%	–
AES	Exit	AES Corp (aes)	$0	–	-19,205	–	-0.14%	–
KO	Exit	Coca-Cola Co/The (ko)	$0	–	-5,301	–	-0.14%	–
COG	Exit	Coterra Energy Inc (ctra)	$0	–	-11,219	–	-0.14%	–
GOOGL	Exit	Alphabet Inc-Cl A (googl)	$0	–	-2,375	–	-0.14%	–
FAF	Exit	First American Financial (faf)	$0	–	-5,683	–	-0.15%	–
OMAB	Exit	Grupo Aeroportuario Cen ADR (o	$0	–	-3,796	–	-0.15%	–
LHX	Exit	L3 Harris Technologies (lhx)	$0	–	-2,024	–	-0.16%	–
EMR	Exit	Emerson Electric Co (emr)	$0	–	-3,892	–	-0.17%	–
DD	Exit	DuPont DeNemour (dd)	$0	–	-5,313	–	-0.18%	–
WMB	Exit	Williams Co (wmb)	$0	–	-11,912	–	-0.18%	–
GD	Exit	General Dynamics (gd)	$0	–	-1,838	–	-0.19%	–
MPC	Exit	Marathon Petroleum	$0	–	-2,727	–	-0.19%	–
NVDA	Exit	Nvidia Corp (nvda)	$0	–	-956	–	-0.19%	–
SPG	Exit	Simon Property Group Inc (spg)	$0	–	-3,944	–	-0.20%	–
IRM	Exit	Iron Mountain Inc (irm)	$0	–	-7,217	–	-0.20%	–
FOX	Exit	Fox Corporation	$0	–	-15,007	–	-0.20%	–
CSCO	Exit	Cisco Systems Inc (csco)	$0	–	-8,348	–	-0.21%	–
IJH	Exit	Ishares Core S&P Midcap etf (ietf	$0	–	-1,802	–	-0.21%	–
DOW	Exit	Dow Chemical (dow)	$0	–	-9,510	–	-0.23%	–
MUFG	Exit	Mitsubishi UFJ ADR (mufg)	$0	–	-57,729	–	-0.23%	–
CAH	Exit	Cardinal Health Inc (cah)	$0	–	-5,733	–	-0.23%	–
BP	Exit	BP Plc (bp)	$0	–	-13,003	–	-0.23%	–
VZ	Exit	Verizon Communications Inc (vz	$0	–	-16,082	–	-0.24%	–
CCLP	Exit	CSI Compressco LP (cclp)	$0	–	-400,000	–	-0.26%	–
V	Exit	Visa Inc-Class A Shares (v)	$0	–	-2,433	–	-0.26%	–
AMZN	Exit	Amazon.Com Inc (amzn)	$0	–	-4,397	–	-0.26%	–
BX	Exit	Blackstone Inc (bx)	$0	–	-5,496	–	-0.27%	–
AAAU	Exit	Goldman Sachs Physical Gold (aetf	$0	–	-32,211	–	-0.27%	–
JNJ	Exit	Johnson & Johnson (jnj)	$0	–	-3,815	–	-0.27%	–
MU	Exit	Micron Technology Inc (mu)	$0	–	-9,001	–	-0.28%	–
INTC	Exit	Intel Corp (intc)	$0	–	-17,803	–	-0.29%	–
IAT	Exit	iShares U.S. Regional Banks ETetf	$0	–	-20,000	–	-0.31%	–
MA	Exit	Mastercard Inc - A (ma)	$0	–	-1,743	–	-0.32%	–
GOOG	Exit	Alphabet Inc-Cl C (goog)	$0	–	-5,344	–	-0.32%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-19,855	–	-0.33%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-6,201	–	-0.34%	–
CRM	Exit	Salesforce.Com Inc (crm)	$0	–	-3,867	–	-0.36%	–
LOW	Exit	Lowes Cos (low)	$0	–	-3,941	–	-0.38%	–
WMT	Exit	Wal-Mart Stores Inc (wmt)	$0	–	-5,250	–	-0.39%	–
CTVA	Exit	Corteva Inc (ctva)	$0	–	-16,402	–	-0.39%	–
RTX	Exit	Raytheon Technologies	$0	–	-14,542	–	-0.48%	–
AMT	Exit	American Tower Corp (amt)	$0	–	-7,036	–	-0.53%	–
FNV	Exit	Franco Nevada Corp (fnv)	$0	–	-8,800	–	-0.54%	–
BAC	Exit	Bank Of America Corp (bac)	$0	–	-45,269	–	-0.57%	–
LMT	Exit	Lockheed Martin (lmt)	$0	–	-3,060	–	-0.58%	–
SRLN	Exit	SPDR Blackstone Sr Loan (srln)fi etf	$0	–	-30,145	–	-0.58%	–
BKLN	Exit	Invesco Senior Loan (bkln)fi etf	$0	–	-64,781	–	-0.63%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-57,160	–	-0.64%	–
BDX	Exit	Becton Dickinson (bdx)	$0	–	-5,729	–	-0.68%	–
AMGN	Exit	Amgen Inc (amgn)	$0	–	-5,698	–	-0.71%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-30,747	–	-0.76%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)etf	$0	–	-9,906	–	-0.78%	–
CG	Exit	The Carlyle Group Inc (cg)	$0	–	-58,816	–	-0.82%	–
SPY	Exit	Spdr S&P 500 ETF Tr (spy)etf	$0	–	-4,822	–	-0.95%	–
CSX	Exit	Csx Corp (csx)	$0	–	-68,735	–	-0.98%	–
SLV	Exit	Ishares Silver Trust(slv)etf	$0	–	-114,987	–	-1.08%	–
BMY	Exit	Bristol-Myers Squibb Co (bmy)	$0	–	-51,067	–	-1.37%	–
MDT	Exit	Medtronic Plc (mdt)	$0	–	-38,088	–	-1.38%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-17,636	–	-1.38%	–
RDY	Exit	Dr Reddys Labs (rdy)	$0	–	-48,889	–	-1.51%	–
PDBC	Exit	Invesco Opt Yld Divers (pdbc)etf	$0	–	-224,546	–	-1.55%	–
NKE	Exit	Nike Inc -Cl B (nke)	$0	–	-36,560	–	-1.61%	–
BRKB	Exit	Berkshire Hathaway (brk/b)	$0	–	-10,075	–	-1.63%	–
REGN	Exit	Regeneron Pharmaceuticals (reg	$0	–	-4,332	–	-1.65%	–
GILD	Exit	Gilead Sciences Inc (gild)	$0	–	-51,090	–	-1.77%	–
APTV	Exit	Aptiv (aptv)	$0	–	-50,873	–	-2.32%	–
JPM	Exit	Jpmorgan Chase & Co (jpm)	$0	–	-35,288	–	-2.36%	–
GPN	Exit	Global Pymts (gpn)	$0	–	-48,195	–	-2.57%	–
TTE	Exit	TotalEnergies SE ADR (tte)	$0	–	-86,847	–	-2.64%	–
	Exit	Shell PLC (shel)	$0	–	-103,455	–	-3.08%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-354,848	–	-3.79%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-82,019	–	-3.90%	–
DBC	Exit	Invesco DB Commodity Index (dbetf	$0	–	-375,865	–	-4.33%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-117,813	–	-4.73%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-62,464	–	-9.11%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-133,324	–	-10.54%	–
APP	Exit	AppLovin Corp - Cl A (app)	$0	–	-700,886	–	-12.93%	–

Q3 2023

			Value		Shares		↓ Weighting
APP	Buy	AppLovin Corp - Cl A (app)	$28,007,405	+55.4%	700,886	+0.1%	12.93%	+55.3%
AAPL	Sell	Apple Inc (aapl)	$22,826,402	-13.4%	133,324	-1.9%	10.54%	-13.4%
MSFT	Sell	Microsoft Corp (msft)	$19,723,008	-9.7%	62,464	-2.6%	9.11%	-9.7%
TSM	Sell	Taiwan Semiconductor (tsm)	$10,237,950	-15.9%	117,813	-2.3%	4.73%	-15.9%
DBC	Sell	Invesco DB Commodity Index (dbetf	$9,381,583	+7.0%	375,865	-2.7%	4.33%	+7.0%
MRK	Sell	Merck & Co (mrk)	$8,443,856	-12.5%	82,019	-2.0%	3.90%	-12.6%
IBN	Sell	Icici Bank (ibn)	$8,204,086	-2.1%	354,848	-2.3%	3.79%	-2.1%
	Sell	Shell PLC (shel)	$6,660,420	+4.7%	103,455	-1.8%	3.08%	+4.7%
TTE	Sell	TotalEnergies SE ADR (tte)	$5,711,059	+12.1%	86,847	-1.8%	2.64%	+12.0%
GPN	Sell	Global Pymts (gpn)	$5,561,255	+13.9%	48,195	-2.8%	2.57%	+13.8%
JPM	Buy	Jpmorgan Chase & Co (jpm)	$5,117,466	+2.9%	35,288	+3.2%	2.36%	+2.9%
APTV	Sell	Aptiv (aptv)	$5,015,569	-5.7%	50,873	-2.4%	2.32%	-5.8%
GILD	Sell	Gilead Sciences Inc (gild)	$3,828,685	-5.3%	51,090	-2.7%	1.77%	-5.4%
REGN	Sell	Regeneron Pharmaceuticals (reg	$3,565,063	+11.0%	4,332	-3.0%	1.65%	+11.0%
BRKB	Buy	Berkshire Hathaway (brk/b)	$3,529,272	+288.5%	10,075	+278.2%	1.63%	+288.1%
NKE	Sell	Nike Inc -Cl B (nke)	$3,495,867	-15.1%	36,560	-2.0%	1.61%	-15.2%
PDBC	Buy	Invesco Opt Yld Divers (pdbc)etf	$3,356,963	+10.6%	224,546	+0.6%	1.55%	+10.6%
RDY	Sell	Dr Reddys Labs (rdy)	$3,269,199	+2.5%	48,889	-3.3%	1.51%	+2.5%
ECL	Sell	Ecolab Inc (ecl)	$2,987,538	-10.7%	17,636	-1.6%	1.38%	-10.7%
MDT	Buy	Medtronic Plc (mdt)	$2,984,576	-6.2%	38,088	+5.5%	1.38%	-6.2%
BMY	Sell	Bristol-Myers Squibb Co (bmy)	$2,963,901	-10.7%	51,067	-1.6%	1.37%	-10.7%
SLV	Sell	Ishares Silver Trust(slv)etf	$2,338,836	-3.2%	114,987	-0.6%	1.08%	-3.2%
CSX	Sell	Csx Corp (csx)	$2,113,601	-11.9%	68,735	-2.3%	0.98%	-11.9%
CG	Sell	The Carlyle Group Inc (cg)	$1,773,895	-8.0%	58,816	-2.5%	0.82%	-8.1%
GLD	Sell	Spdr Gold Tr Spdr (gld)etf	$1,698,384	-6.9%	9,906	-3.2%	0.78%	-7.0%
SNY	Sell	Sanofi-Aventis (sny)	$1,649,269	-2.7%	30,747	-2.2%	0.76%	-2.7%
AMGN	Sell	Amgen Inc (amgn)	$1,531,394	+19.2%	5,698	-1.5%	0.71%	+19.0%
BDX	Sell	Becton Dickinson (bdx)	$1,481,174	-3.5%	5,729	-1.4%	0.68%	-3.5%
TLK	Sell	Telekomunik Indonesia (tlk)	$1,377,556	-11.6%	57,160	-2.1%	0.64%	-11.7%
BKLN	Sell	Invesco Senior Loan (bkln)fi etf	$1,359,753	-1.3%	64,781	-1.1%	0.63%	-1.3%
SRLN	Sell	SPDR Blackstone Sr Loan (srln)fi etf	$1,263,980	-0.8%	30,145	-0.9%	0.58%	-0.8%
BAC	Buy	Bank Of America Corp (bac)	$1,239,465	+0.9%	45,269	+5.7%	0.57%	+0.9%
AMT	Sell	American Tower Corp (amt)	$1,157,070	-15.9%	7,036	-0.8%	0.53%	-16.0%
CTVA	Sell	Corteva Inc (ctva)	$839,126	-11.4%	16,402	-0.7%	0.39%	-11.2%
WMT	Buy	Wal-Mart Stores Inc (wmt)	$839,632	+12.7%	5,250	+10.8%	0.39%	+12.8%
LOW	Sell	Lowes Cos (low)	$819,097	-10.0%	3,941	-2.3%	0.38%	-10.0%
CRM	Sell	Salesforce.Com Inc (crm)	$784,150	-4.2%	3,867	-0.2%	0.36%	-4.2%
XOM	Sell	Exxon Mobil Corp (xom)	$729,114	+9.4%	6,201	-0.2%	0.34%	+9.4%
CHT	Sell	Chunghwa Telecm (cht)	$713,589	-3.6%	19,855	-0.0%	0.33%	-3.5%
GOOG	Sell	Alphabet Inc-Cl C (goog)	$704,606	+6.5%	5,344	-2.3%	0.32%	+6.2%
MA	Buy	Mastercard Inc - A (ma)	$690,071	+0.9%	1,743	+0.2%	0.32%	+0.9%
INTC	Buy	Intel Corp (intc)	$632,897	+11.2%	17,803	+4.6%	0.29%	+11.0%
MU	Buy	Micron Technology Inc (mu)	$612,338	+7.8%	9,001	+0.0%	0.28%	+8.0%
JNJ	Buy	Johnson & Johnson (jnj)	$594,186	+1.2%	3,815	+7.6%	0.27%	+1.1%
AAAU	Sell	Goldman Sachs Physical Gold (aetf	$589,783	-4.3%	32,211	-0.5%	0.27%	-4.6%
V	Sell	Visa Inc-Class A Shares (v)	$559,614	-3.3%	2,433	-0.2%	0.26%	-3.4%
AMZN	Buy	Amazon.Com Inc (amzn)	$558,947	-2.2%	4,397	+0.3%	0.26%	-2.3%
VZ	Buy	Verizon Communications Inc (vz	$521,218	-12.7%	16,082	+0.1%	0.24%	-12.7%
BP	Sell	BP Plc (bp)	$503,476	+9.6%	13,003	-0.1%	0.23%	+9.9%
CAH	Sell	Cardinal Health Inc (cah)	$497,739	-8.5%	5,733	-0.4%	0.23%	-8.4%
MUFG	Sell	Mitsubishi UFJ ADR (mufg)	$490,119	+15.2%	57,729	-0.0%	0.23%	+14.7%
DOW	Buy	Dow Chemical (dow)	$490,336	-1.9%	9,510	+1.4%	0.23%	-2.2%
CSCO	Sell	Cisco Systems Inc (csco)	$448,788	+3.6%	8,348	-0.3%	0.21%	+3.5%
IRM	Sell	Iron Mountain Inc (irm)	$429,051	+3.5%	7,217	-1.1%	0.20%	+3.7%
SPG	Buy	Simon Property Group Inc (spg)	$426,070	-6.4%	3,944	+0.1%	0.20%	-6.2%
NVDA	Buy	Nvidia Corp (nvda)	$415,850	+5.7%	956	+2.8%	0.19%	+5.5%
MPC	Sell	Marathon Petroleum	$412,704	+29.2%	2,727	-0.4%	0.19%	+29.1%
WMB	Sell	Williams Co (wmb)	$401,315	-0.6%	11,912	-3.8%	0.18%	-1.1%
DD	Sell	DuPont DeNemour (dd)	$396,297	+2.4%	5,313	-1.9%	0.18%	+2.2%
EMR	Sell	Emerson Electric Co (emr)	$375,850	+6.3%	3,892	-0.5%	0.17%	+6.7%
OMAB	Sell	Grupo Aeroportuario Cen ADR (o	$329,910	+2.0%	3,796	-0.5%	0.15%	+2.0%
FAF	Sell	First American Financial (faf)	$321,033	-1.2%	5,683	-0.2%	0.15%	-1.3%
GOOGL	Buy	Alphabet Inc-Cl A (googl)	$310,792	+14.4%	2,375	+4.6%	0.14%	+14.3%
COG	Sell	Coterra Energy Inc (ctra)	$303,474	+5.1%	11,219	-1.7%	0.14%	+5.3%
KO	Sell	Coca-Cola Co/The (ko)	$296,750	-8.4%	5,301	-1.5%	0.14%	-8.7%
AES	Buy	AES Corp (aes)	$291,916	-26.4%	19,205	+0.3%	0.14%	-26.2%
HD	Buy	Home Depot Inc (hd)	$285,541	-1.6%	945	+1.2%	0.13%	-1.5%
FNF	Sell	Fidelity National Financial (f	$277,990	+14.6%	6,731	-0.1%	0.13%	+14.3%
UL	Sell	Unilever Plc (ul)	$270,663	-5.7%	5,479	-0.5%	0.12%	-6.0%
TFC	New	Truist Financial Corp (tfc)	$269,306	–	9,413	–	0.12%	–
HSBC	Buy	HSBC Holdings (hsbc)	$265,803	+31.3%	6,736	+31.8%	0.12%	+30.9%
PXD	New	Pioneer Natural Res (pxd)	$262,146	–	1,142	–	0.12%	–
MO	Buy	Altria Group Inc (mo)	$258,776	-6.9%	6,154	+0.3%	0.12%	-6.2%
TXN	Buy	Texas Instruments Inc (txn)	$249,328	+9.1%	1,568	+23.5%	0.12%	+8.5%
DVN	Buy	Devon Energy (dvn)	$245,798	+2.4%	5,153	+3.7%	0.11%	+2.7%
LLY	New	Eli Lilly & Co (lly)	$246,543	–	459	–	0.11%	–
SDY	Buy	SPDR S&P Dividend (sdy)etf	$238,695	-5.7%	2,075	+0.5%	0.11%	-6.0%
RF	Sell	Regions Financial Corp (rf)	$235,726	-3.5%	13,705	-0.1%	0.11%	-3.5%
IUSV	Sell	iShares Core S&P US Value (iusetf	$233,038	-6.4%	3,123	-1.8%	0.11%	-6.1%
IJR	Sell	Ishares Core S&P Sm Cap (ijr)etf	$223,279	-6.1%	2,367	-0.8%	0.10%	-6.4%
SPSB	Sell	SPDR Port Short Term Corp (spsfi etf	$212,482	-1.0%	7,247	-0.6%	0.10%	-1.0%
TRMK	Sell	Trustmark Corp (trmk)	$209,564	+2.9%	9,644	-0.0%	0.10%	+3.2%
GLW	Sell	Corning Inc (glw)	$209,207	-22.1%	6,866	-10.4%	0.10%	-21.8%
WFC	Buy	Wells Fargo (wfc)	$207,078	-4.2%	5,068	+0.0%	0.10%	-4.0%
NRG	Sell	NRG Energy Inc (nrg)	$208,047	+3.0%	5,401	-0.1%	0.10%	+3.2%
T	Sell	At&T Inc (t)	$167,263	-11.5%	11,136	-6.0%	0.08%	-11.5%
WIT	Sell	Wipro Ltd-ADR (wit)	$162,881	+2.5%	33,653	-0.0%	0.08%	+2.7%
PBRA	Sell	Petroleo Brasil-Sp Pref ADR (p	$143,530	+10.7%	10,469	-0.1%	0.07%	+10.0%
VHT	Exit	Vanguard Health Care ETF (vht)etf	$0	–	-826	–	-0.09%	–
EIX	Exit	Edison Intl (eix)	$0	–	-2,893	–	-0.09%	–
DTN	Exit	WisdomTree US AI Enhanced Valuetf	$0	–	-2,167	–	-0.09%	–
F	Exit	Ford Motor Co (f)	$0	–	-23,416	–	-0.16%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-5	–	-1.20%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$26,350,049	–	135,846	–	12.17%	–
MSFT	New	Microsoft Corp (msft)	$21,839,852	–	64,133	–	10.09%	–
APP	New	AppLovin Corp - Cl A (app)	$18,024,122	–	700,510	–	8.33%	–
TSM	New	Taiwan Semiconductor (tsm)	$12,170,145	–	120,592	–	5.62%	–
MRK	New	Merck & Co (mrk)	$9,653,412	–	83,659	–	4.46%	–
DBC	New	Invesco DB Commodity Index (dbetf	$8,764,804	–	386,115	–	4.05%	–
IBN	New	Icici Bank (ibn)	$8,379,817	–	363,077	–	3.87%	–
	New	Shell PLC (shel)	$6,362,660	–	105,377	–	2.94%	–
APTV	New	Aptiv (aptv)	$5,319,604	–	52,107	–	2.46%	–
TTE	New	TotalEnergies SE ADR (tte)	$5,096,298	–	88,416	–	2.35%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$4,972,739	–	34,191	–	2.30%	–
GPN	New	Global Pymts (gpn)	$4,882,455	–	49,558	–	2.26%	–
NKE	New	Nike Inc -Cl B (nke)	$4,118,346	–	37,314	–	1.90%	–
GILD	New	Gilead Sciences Inc (gild)	$4,045,070	–	52,486	–	1.87%	–
ECL	New	Ecolab Inc (ecl)	$3,345,298	–	17,919	–	1.54%	–
BMY	New	Bristol-Myers Squibb Co (bmy)	$3,317,508	–	51,877	–	1.53%	–
REGN	New	Regeneron Pharmaceuticals (reg	$3,210,437	–	4,468	–	1.48%	–
RDY	New	Dr Reddys Labs (rdy)	$3,189,201	–	50,534	–	1.47%	–
MDT	New	Medtronic Plc (mdt)	$3,180,234	–	36,098	–	1.47%	–
PDBC	New	Invesco Opt Yld Divers (pdbc)etf	$3,035,684	–	223,130	–	1.40%	–
BRKA	New	Berkshire Hathaway (brka)	$2,589,050	–	5	–	1.20%	–
SLV	New	Ishares Silver Trust(slv)etf	$2,415,782	–	115,643	–	1.12%	–
CSX	New	Csx Corp (csx)	$2,398,492	–	70,337	–	1.11%	–
SPY	New	Spdr S&P 500 ETF Tr (spy)etf	$2,137,496	–	4,822	–	0.99%	–
CG	New	The Carlyle Group Inc (cg)	$1,927,614	–	60,332	–	0.89%	–
GLD	New	Spdr Gold Tr Spdr (gld)etf	$1,825,128	–	10,238	–	0.84%	–
SNY	New	Sanofi-Aventis (sny)	$1,694,670	–	31,441	–	0.78%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,557,608	–	58,403	–	0.72%	–
BDX	New	Becton Dickinson (bdx)	$1,534,205	–	5,811	–	0.71%	–
RTX	New	Raytheon Technologies	$1,424,534	–	14,542	–	0.66%	–
LMT	New	Lockheed Martin (lmt)	$1,408,763	–	3,060	–	0.65%	–
AMT	New	American Tower Corp (amt)	$1,376,198	–	7,096	–	0.64%	–
BKLN	New	Invesco Senior Loan (bkln)fi etf	$1,377,783	–	65,484	–	0.64%	–
AMGN	New	Amgen Inc (amgn)	$1,284,830	–	5,787	–	0.59%	–
SRLN	New	SPDR Blackstone Sr Loan (srln)fi etf	$1,273,978	–	30,427	–	0.59%	–
FNV	New	Franco Nevada Corp (fnv)	$1,254,880	–	8,800	–	0.58%	–
BAC	New	Bank Of America Corp (bac)	$1,228,190	–	42,809	–	0.57%	–
CTVA	New	Corteva Inc (ctva)	$946,825	–	16,524	–	0.44%	–
BRKB	New	Berkshire Hathaway (brk/b)	$908,424	–	2,664	–	0.42%	–
LOW	New	Lowes Cos (low)	$910,022	–	4,032	–	0.42%	–
CRM	New	Salesforce.Com Inc (crm)	$818,210	–	3,873	–	0.38%	–
WMT	New	Wal-Mart Stores Inc (wmt)	$744,876	–	4,739	–	0.34%	–
CHT	New	Chunghwa Telecm (cht)	$740,468	–	19,857	–	0.34%	–
MA	New	Mastercard Inc - A (ma)	$683,949	–	1,739	–	0.32%	–
IAT	New	iShares U.S. Regional Banks ETetf	$677,000	–	20,000	–	0.31%	–
XOM	New	Exxon Mobil Corp (xom)	$666,559	–	6,215	–	0.31%	–
GOOG	New	Alphabet Inc-Cl C (goog)	$661,827	–	5,471	–	0.31%	–
AAAU	New	Goldman Sachs Physical Gold (aetf	$616,334	–	32,379	–	0.28%	–
VZ	New	Verizon Communications Inc (vz	$597,234	–	16,059	–	0.28%	–
JNJ	New	Johnson & Johnson (jnj)	$586,934	–	3,546	–	0.27%	–
V	New	Visa Inc-Class A Shares (v)	$578,739	–	2,437	–	0.27%	–
AMZN	New	Amazon.Com Inc (amzn)	$571,498	–	4,384	–	0.26%	–
INTC	New	Intel Corp (intc)	$569,082	–	17,018	–	0.26%	–
MU	New	Micron Technology Inc (mu)	$567,990	–	9,000	–	0.26%	–
CAH	New	Cardinal Health Inc (cah)	$544,156	–	5,754	–	0.25%	–
BX	New	Blackstone Inc (bx)	$510,963	–	5,496	–	0.24%	–
CCLP	New	CSI Compressco LP (cclp)	$504,000	–	400,000	–	0.23%	–
DOW	New	Dow Chemical (dow)	$499,739	–	9,383	–	0.23%	–
FOX	New	Fox Corporation	$478,573	–	15,007	–	0.22%	–
IJH	New	Ishares Core S&P Midcap etf (ietf	$471,187	–	1,802	–	0.22%	–
BP	New	BP Plc (bp)	$459,476	–	13,020	–	0.21%	–
SPG	New	Simon Property Group Inc (spg)	$455,222	–	3,942	–	0.21%	–
CSCO	New	Cisco Systems Inc (csco)	$433,219	–	8,373	–	0.20%	–
MUFG	New	Mitsubishi UFJ ADR (mufg)	$425,595	–	57,747	–	0.20%	–
IRM	New	Iron Mountain Inc (irm)	$414,502	–	7,295	–	0.19%	–
ELY	New	TopGolf Callaway (modg)	$413,734	–	20,843	–	0.19%	–
WMB	New	Williams Co (wmb)	$403,862	–	12,377	–	0.19%	–
GD	New	General Dynamics (gd)	$395,446	–	1,838	–	0.18%	–
LHX	New	L3 Harris Technologies (lhx)	$396,238	–	2,024	–	0.18%	–
AES	New	AES Corp (aes)	$396,855	–	19,144	–	0.18%	–
NVDA	New	Nvidia Corp (nvda)	$393,409	–	930	–	0.18%	–
DD	New	DuPont DeNemour (dd)	$386,990	–	5,417	–	0.18%	–
FMC	New	FMC (fmc)	$371,033	–	3,556	–	0.17%	–
F	New	Ford Motor Co (f)	$354,284	–	23,416	–	0.16%	–
EMR	New	Emerson Electric Co (emr)	$353,425	–	3,910	–	0.16%	–
KO	New	Coca-Cola Co/The (ko)	$323,923	–	5,379	–	0.15%	–
FAF	New	First American Financial (faf)	$324,843	–	5,697	–	0.15%	–
OMAB	New	Grupo Aeroportuario Cen ADR (o	$323,580	–	3,814	–	0.15%	–
MPC	New	Marathon Petroleum	$319,367	–	2,739	–	0.15%	–
HD	New	Home Depot Inc (hd)	$290,138	–	934	–	0.13%	–
UL	New	Unilever Plc (ul)	$287,132	–	5,508	–	0.13%	–
COG	New	Coterra Energy Inc (ctra)	$288,749	–	11,413	–	0.13%	–
BTI	New	British American Tob (bti)	$279,710	–	8,425	–	0.13%	–
MO	New	Altria Group Inc (mo)	$277,870	–	6,134	–	0.13%	–
GOOGL	New	Alphabet Inc-Cl A (googl)	$271,719	–	2,270	–	0.13%	–
MTUM	New	Ishares Edge MSCI USA Moment (etf	$271,911	–	1,885	–	0.13%	–
GLW	New	Corning Inc (glw)	$268,617	–	7,666	–	0.12%	–
SDY	New	SPDR S&P Dividend (sdy)etf	$253,043	–	2,064	–	0.12%	–
IUSV	New	iShares Core S&P US Value (iusetf	$248,867	–	3,180	–	0.12%	–
RF	New	Regions Financial Corp (rf)	$244,366	–	13,713	–	0.11%	–
DVY	New	Ishares Select Div (dvy)etf	$242,637	–	2,142	–	0.11%	–
FNF	New	Fidelity National Financial (f	$242,604	–	6,739	–	0.11%	–
DVN	New	Devon Energy (dvn)	$240,153	–	4,968	–	0.11%	–
IJR	New	Ishares Core S&P Sm Cap (ijr)etf	$237,665	–	2,385	–	0.11%	–
TXN	New	Texas Instruments Inc (txn)	$228,625	–	1,270	–	0.11%	–
WFC	New	Wells Fargo (wfc)	$216,260	–	5,067	–	0.10%	–
SPSB	New	SPDR Port Short Term Corp (spsfi etf	$214,676	–	7,292	–	0.10%	–
HSBC	New	HSBC Holdings (hsbc)	$202,458	–	5,110	–	0.09%	–
TRMK	New	Trustmark Corp (trmk)	$203,702	–	9,645	–	0.09%	–
DTN	New	WisdomTree US AI Enhanced Valuetf	$202,742	–	2,167	–	0.09%	–
VHT	New	Vanguard Health Care ETF (vht)etf	$202,214	–	826	–	0.09%	–
NRG	New	NRG Energy Inc (nrg)	$202,056	–	5,404	–	0.09%	–
EIX	New	Edison Intl (eix)	$200,919	–	2,893	–	0.09%	–
T	New	At&T Inc (t)	$189,055	–	11,853	–	0.09%	–
WIT	New	Wipro Ltd-ADR (wit)	$158,866	–	33,658	–	0.07%	–
PBRA	New	Petroleo Brasil-Sp Pref ADR (p	$129,613	–	10,478	–	0.06%	–

Q4 2022

			Value		Shares		↓ Weighting
PBRA	Exit	Petroleo Brasil-Sp Pref ADR (p	$0	–	-10,478	–	-0.08%	–
WIT	Exit	Wipro Ltd-ADR (wit)	$0	–	-33,658	–	-0.10%	–
T	Exit	At&T Inc (t)	$0	–	-12,220	–	-0.12%	–
APP	Exit	AppLovin Corp - Cl A (app)	$0	–	-10,800	–	-0.14%	–
USB	Exit	US Bancorp (usb)	$0	–	-5,216	–	-0.14%	–
GOOGL	Exit	Alphabet Inc-Cl A (googl)	$0	–	-2,226	–	-0.14%	–
NRG	Exit	NRG Energy Inc (nrg)	$0	–	-5,611	–	-0.14%	–
SPSB	Exit	SPDR Port Short Term Corp (spsfi etf	$0	–	-7,449	–	-0.14%	–
EXR	Exit	Extra Space Storage (exr)	$0	–	-1,274	–	-0.14%	–
GLW	Exit	Corning Inc (glw)	$0	–	-7,639	–	-0.15%	–
VTI	Exit	Vanguard Total Stock Mkt ETF (etf	$0	–	-1,291	–	-0.15%	–
BKR	Exit	Baker Hughes Co (bkr)	$0	–	-11,786	–	-0.16%	–
MTUM	Exit	Ishares Edge MSCI USA Moment (etf	$0	–	-1,885	–	-0.16%	–
UL	Exit	Unilever Plc (ul)	$0	–	-5,618	–	-0.16%	–
HD	Exit	Home Depot Inc (hd)	$0	–	-900	–	-0.16%	–
FNF	Exit	Fidelity National Financial (f	$0	–	-6,947	–	-0.16%	–
MUFG	Exit	Mitsubishi UFJ ADR (mufg)	$0	–	-59,392	–	-0.18%	–
FAF	Exit	First American Financial (faf)	$0	–	-5,814	–	-0.18%	–
TFC	Exit	Truist Financial Corp (tfc)	$0	–	-6,298	–	-0.18%	–
MPC	Exit	Marathon Petroleum	$0	–	-2,807	–	-0.18%	–
RF	Exit	Regions Financial Corp (rf)	$0	–	-14,088	–	-0.19%	–
EMR	Exit	Emerson Electric Co (emr)	$0	–	-3,897	–	-0.19%	–
KO	Exit	Coca-Cola Co/The (ko)	$0	–	-5,248	–	-0.19%	–
COG	Exit	Coterra Energy Inc (ctra)	$0	–	-11,274	–	-0.19%	–
TRMK	Exit	Trustmark Corp (trmk)	$0	–	-9,663	–	-0.20%	–
DVN	Exit	Devon Energy (dvn)	$0	–	-5,041	–	-0.20%	–
BTI	Exit	British American Tob (bti)	$0	–	-8,606	–	-0.20%	–
IRM	Exit	Iron Mountain Inc (irm)	$0	–	-7,256	–	-0.21%	–
XLE	Exit	Energy Select Sector SPDR (xleetf	$0	–	-4,550	–	-0.22%	–
CSCO	Exit	Cisco Systems Inc (csco)	$0	–	-8,383	–	-0.22%	–
BRKB	Exit	Berkshire Hathaway (brk/b)	$0	–	-1,279	–	-0.22%	–
WMB	Exit	Williams Co (wmb)	$0	–	-12,191	–	-0.23%	–
SPG	Exit	Simon Property Group Inc (spg)	$0	–	-3,937	–	-0.23%	–
ELY	Exit	TopGolf Callaway (modg)	$0	–	-18,955	–	-0.24%	–
FMC	Exit	FMC (fmc)	$0	–	-3,550	–	-0.25%	–
BP	Exit	BP Plc (bp)	$0	–	-13,525	–	-0.25%	–
GD	Exit	General Dynamics (gd)	$0	–	-1,830	–	-0.26%	–
CAH	Exit	Cardinal Health Inc (cah)	$0	–	-5,929	–	-0.26%	–
LHX	Exit	L3 Harris Technologies (lhx)	$0	–	-2,010	–	-0.28%	–
AES	Exit	AES Corp (aes)	$0	–	-19,780	–	-0.29%	–
BAC	Exit	Bank Of America Corp (bac)	$0	–	-14,913	–	-0.30%	–
AMZN	Exit	Amazon.Com Inc (amzn)	$0	–	-4,121	–	-0.31%	–
CCLP	Exit	CSI Compressco LP (cclp)	$0	–	-400,000	–	-0.31%	–
	Exit	Warner Bros Discovery Inc. (wb	$0	–	-45,217	–	-0.34%	–
VZ	Exit	Verizon Communications Inc (vz	$0	–	-13,789	–	-0.34%	–
AAAU	Exit	Goldman Sachs Physical Gold (aetf	$0	–	-32,539	–	-0.35%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-6,498	–	-0.37%	–
JNJ	Exit	Johnson & Johnson (jnj)	$0	–	-3,526	–	-0.38%	–
PSQ	Exit	Proshares Short QQQ (psq)etf	$0	–	-39,140	–	-0.38%	–
XLU	Exit	Utilities Select Sector SPRD (etf	$0	–	-9,100	–	-0.39%	–
CTVA	Exit	Corteva Inc (ctva)	$0	–	-11,336	–	-0.43%	–
SH	Exit	Proshares Short S&P500 (sh)etf	$0	–	-39,902	–	-0.45%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-19,857	–	-0.46%	–
MU	Exit	Micron Technology Inc (mu)	$0	–	-17,241	–	-0.57%	–
FNV	Exit	Franco Nevada Corp (fnv)	$0	–	-8,800	–	-0.69%	–
SRLN	Exit	SPDR Blackstone Sr Loan (srln)fi etf	$0	–	-29,359	–	-0.79%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-31,777	–	-0.79%	–
RDY	Exit	Dr Reddys Labs (rdy)	$0	–	-23,685	–	-0.82%	–
BKLN	Exit	Invesco Senior Loan (bkln)fi etf	$0	–	-63,528	–	-0.84%	–
BDX	Exit	Becton Dickinson (bdx)	$0	–	-5,964	–	-0.87%	–
AMT	Exit	American Tower Corp (amt)	$0	–	-7,127	–	-1.01%	–
ERIC	Exit	Ericsson (LM) Tel-Sp ADR (eric	$0	–	-272,433	–	-1.03%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)etf	$0	–	-10,304	–	-1.05%	–
CG	Exit	The Carlyle Group Inc (cg)	$0	–	-63,680	–	-1.08%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-60,170	–	-1.14%	–
CSX	Exit	Csx Corp (csx)	$0	–	-72,046	–	-1.26%	–
INTC	Exit	Intel Corp (intc)	$0	–	-79,664	–	-1.35%	–
SLV	Exit	Ishares Silver Trust(slv)etf	$0	–	-120,967	–	-1.39%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-6	–	-1.60%	–
NKE	Exit	Nike Inc -Cl B (nke)	$0	–	-31,889	–	-1.74%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-18,438	–	-1.75%	–
MDT	Exit	Medtronic Plc (mdt)	$0	–	-37,132	–	-1.97%	–
REGN	Exit	Regeneron Pharmaceuticals (reg	$0	–	-4,597	–	-2.08%	–
GILD	Exit	Gilead Sciences Inc (gild)	$0	–	-54,002	–	-2.19%	–
PDBC	Exit	Invesco Opt Yld Divers (pdbc)etf	$0	–	-222,672	–	-2.37%	–
JPM	Exit	Jpmorgan Chase & Co (jpm)	$0	–	-35,548	–	-2.44%	–
BMY	Exit	Bristol-Myers Squibb Co (bmy)	$0	–	-52,940	–	-2.47%	–
TTE	Exit	TotalEnergies SE ADR (tte)	$0	–	-89,058	–	-2.72%	–
APTV	Exit	Aptiv (aptv)	$0	–	-53,340	–	-2.74%	–
	Exit	Shell PLC (shel)	$0	–	-106,814	–	-3.49%	–
GPN	Exit	Global Pymts (gpn)	$0	–	-50,660	–	-3.60%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-78,728	–	-4.46%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-379,028	–	-5.22%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-122,829	–	-5.54%	–
DBC	Exit	Invesco DB Commodity Index (dbetf	$0	–	-390,425	–	-6.14%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-57,683	–	-8.83%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-128,324	–	-11.66%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Buy	Apple Inc (aapl)	$17,734,000	+1.9%	128,324	+0.9%	11.66%	+9.1%
MSFT	Buy	Microsoft Corp (msft)	$13,434,000	-9.1%	57,683	+0.3%	8.83%	-2.7%
DBC	New	Invesco DB Commodity Index (dbetf	$9,335,000	–	390,425	–	6.14%	–
TSM	Buy	Taiwan Semiconductor (tsm)	$8,421,000	-13.7%	122,829	+2.9%	5.54%	-7.7%
IBN	Buy	Icici Bank (ibn)	$7,948,000	+19.7%	379,028	+1.3%	5.22%	+28.1%
MRK	Buy	Merck & Co (mrk)	$6,780,000	-3.7%	78,728	+1.9%	4.46%	+3.0%
GPN	Buy	Global Pymts (gpn)	$5,474,000	-0.6%	50,660	+1.8%	3.60%	+6.4%
	Buy	Shell PLC (shel)	$5,315,000	-2.6%	106,814	+2.4%	3.49%	+4.2%
APTV	Buy	Aptiv (aptv)	$4,172,000	-10.6%	53,340	+1.8%	2.74%	-4.3%
TTE	Buy	TotalEnergies SE ADR (tte)	$4,143,000	-8.8%	89,058	+3.2%	2.72%	-2.4%
BMY	Buy	Bristol-Myers Squibb Co (bmy)	$3,763,000	-7.7%	52,940	+0.0%	2.47%	-1.2%
JPM	Buy	Jpmorgan Chase & Co (jpm)	$3,715,000	-5.7%	35,548	+1.6%	2.44%	+0.9%
PDBC	Sell	Invesco Opt Yld Divers (pdbc)etf	$3,603,000	-64.6%	222,672	-60.5%	2.37%	-62.1%
GILD	Buy	Gilead Sciences Inc (gild)	$3,331,000	+3.6%	54,002	+3.9%	2.19%	+10.9%
REGN	Buy	Regeneron Pharmaceuticals (reg	$3,167,000	+16.6%	4,597	+0.1%	2.08%	+24.9%
MDT	Buy	Medtronic Plc (mdt)	$2,998,000	-7.9%	37,132	+2.4%	1.97%	-1.4%
ECL	Buy	Ecolab Inc (ecl)	$2,663,000	-3.5%	18,438	+2.7%	1.75%	+3.3%
NKE	Buy	Nike Inc -Cl B (nke)	$2,651,000	-16.9%	31,889	+2.1%	1.74%	-11.1%
SLV	Sell	Ishares Silver Trust(slv)etf	$2,117,000	-11.0%	120,967	-5.2%	1.39%	-4.8%
INTC	Buy	Intel Corp (intc)	$2,053,000	-24.7%	79,664	+9.3%	1.35%	-19.5%
CSX	Sell	Csx Corp (csx)	$1,919,000	-20.1%	72,046	-12.9%	1.26%	-14.6%
TLK	Buy	Telekomunik Indonesia (tlk)	$1,736,000	+8.8%	60,170	+2.0%	1.14%	+16.4%
CG	Buy	The Carlyle Group Inc (cg)	$1,645,000	-16.9%	63,680	+1.9%	1.08%	-11.0%
GLD	Sell	Spdr Gold Tr Spdr (gld)etf	$1,594,000	-71.6%	10,304	-69.1%	1.05%	-69.6%
ERIC	Buy	Ericsson (LM) Tel-Sp ADR (eric	$1,564,000	-20.7%	272,433	+2.2%	1.03%	-15.1%
AMT	Buy	American Tower Corp (amt)	$1,530,000	-16.0%	7,127	+0.0%	1.01%	-10.0%
BDX	Buy	Becton Dickinson (bdx)	$1,329,000	-7.7%	5,964	+2.1%	0.87%	-1.1%
BKLN	Buy	Invesco Senior Loan (bkln)fi etf	$1,283,000	+0.7%	63,528	+1.1%	0.84%	+7.8%
RDY	New	Dr Reddys Labs (rdy)	$1,240,000	–	23,685	–	0.82%	–
SNY	Buy	Sanofi-Aventis (sny)	$1,208,000	+403.3%	31,777	+562.8%	0.79%	+440.1%
SRLN	Buy	SPDR Blackstone Sr Loan (srln)fi etf	$1,200,000	-0.3%	29,359	+1.5%	0.79%	+6.8%
MU	Buy	Micron Technology Inc (mu)	$864,000	-7.5%	17,241	+2.0%	0.57%	-1.0%
SH	Buy	Proshares Short S&P500 (sh)etf	$690,000	+41.4%	39,902	+34.8%	0.45%	+51.3%
CTVA	Buy	Corteva Inc (ctva)	$648,000	+5.7%	11,336	+0.0%	0.43%	+13.3%
PSQ	Buy	Proshares Short QQQ (psq)etf	$584,000	+86.6%	39,140	+80.0%	0.38%	+100.0%
JNJ	Sell	Johnson & Johnson (jnj)	$576,000	-9.6%	3,526	-1.7%	0.38%	-3.1%
XOM	Sell	Exxon Mobil Corp (xom)	$567,000	+1.6%	6,498	-0.2%	0.37%	+8.7%
AAAU	New	Goldman Sachs Physical Gold (aetf	$537,000	–	32,539	–	0.35%	–
VZ	Buy	Verizon Communications Inc (vz	$524,000	-24.8%	13,789	+0.4%	0.34%	-19.6%
	Sell	Warner Bros Discovery Inc. (wb	$520,000	-16.9%	45,217	-3.0%	0.34%	-10.9%
AMZN	Buy	Amazon.Com Inc (amzn)	$466,000	+6.6%	4,121	+0.1%	0.31%	+14.2%
BAC	Sell	Bank Of America Corp (bac)	$450,000	-14.6%	14,913	-12.0%	0.30%	-8.6%
AES	Sell	AES Corp (aes)	$447,000	+5.2%	19,780	-2.3%	0.29%	+12.6%
CAH	Buy	Cardinal Health Inc (cah)	$395,000	+29.1%	5,929	+1.1%	0.26%	+38.3%
GD	Sell	General Dynamics (gd)	$388,000	-37.8%	1,830	-35.1%	0.26%	-33.4%
BP	Sell	BP Plc (bp)	$386,000	-0.3%	13,525	-1.0%	0.25%	+6.7%
SPG	Sell	Simon Property Group Inc (spg)	$353,000	-6.1%	3,937	-0.7%	0.23%	+0.4%
WMB	Sell	Williams Co (wmb)	$349,000	-9.4%	12,191	-1.2%	0.23%	-3.0%
BRKB	Sell	Berkshire Hathaway (brk/b)	$342,000	-3.4%	1,279	-1.4%	0.22%	+3.7%
CSCO	Sell	Cisco Systems Inc (csco)	$335,000	-47.2%	8,383	-43.6%	0.22%	-43.4%
IRM	Sell	Iron Mountain Inc (irm)	$319,000	-11.1%	7,256	-1.7%	0.21%	-4.5%
BTI	Sell	British American Tob (bti)	$306,000	-18.2%	8,606	-1.3%	0.20%	-12.6%
DVN	Sell	Devon Energy (dvn)	$303,000	-26.5%	5,041	-32.6%	0.20%	-21.3%
TRMK	Buy	Trustmark Corp (trmk)	$296,000	+5.0%	9,663	+0.0%	0.20%	+12.7%
COG	Buy	Coterra Energy Inc (ctra)	$294,000	+2.8%	11,274	+1.7%	0.19%	+9.7%
KO	Sell	Coca-Cola Co/The (ko)	$294,000	-14.3%	5,248	-3.9%	0.19%	-8.5%
EMR	Sell	Emerson Electric Co (emr)	$285,000	-9.2%	3,897	-1.3%	0.19%	-3.1%
RF	Sell	Regions Financial Corp (rf)	$283,000	+5.2%	14,088	-1.7%	0.19%	+12.7%
MPC	Sell	Marathon Petroleum	$279,000	+19.7%	2,807	-1.1%	0.18%	+28.0%
TFC	Sell	Truist Financial Corp (tfc)	$274,000	-9.6%	6,298	-1.4%	0.18%	-3.2%
FAF	Sell	First American Financial (faf)	$268,000	-13.8%	5,814	-1.2%	0.18%	-7.9%
MUFG	Sell	Mitsubishi UFJ ADR (mufg)	$267,000	-16.8%	59,392	-1.3%	0.18%	-11.2%
FNF	Sell	Fidelity National Financial (f	$251,000	-3.8%	6,947	-1.7%	0.16%	+3.1%
HD	Sell	Home Depot Inc (hd)	$248,000	-3.1%	900	-3.7%	0.16%	+3.8%
UL	Sell	Unilever Plc (ul)	$246,000	-5.7%	5,618	-1.5%	0.16%	+1.2%
BKR	Buy	Baker Hughes Co (bkr)	$247,000	-26.7%	11,786	+1.0%	0.16%	-21.7%
GLW	Buy	Corning Inc (glw)	$222,000	-7.5%	7,639	+0.4%	0.15%	-0.7%
EXR	Sell	Extra Space Storage (exr)	$220,000	-3.1%	1,274	-4.6%	0.14%	+4.3%
SPSB	Sell	SPDR Port Short Term Corp (spsfi etf	$218,000	-9.9%	7,449	-8.7%	0.14%	-4.0%
NRG	Sell	NRG Energy Inc (nrg)	$215,000	-0.9%	5,611	-1.4%	0.14%	+6.0%
GOOGL	Buy	Alphabet Inc-Cl A (googl)	$213,000	+6.5%	2,226	+2319.6%	0.14%	+13.8%
APP	New	AppLovin Corp - Cl A (app)	$210,000	–	10,800	–	0.14%	–
USB	Sell	US Bancorp (usb)	$210,000	-18.6%	5,216	-6.8%	0.14%	-12.7%
T	Buy	At&T Inc (t)	$187,000	-25.2%	12,220	+2.3%	0.12%	-20.1%
BRFS	Exit	BRF SA-ADR (brfs)	$0	–	-16,623	–	-0.03%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-7,095	–	-0.12%	–
DOW	Exit	Dow Chemical (dow)	$0	–	-4,392	–	-0.14%	–
WMT	Exit	Wal-Mart Stores Inc (wmt)	$0	–	-1,898	–	-0.14%	–
CQQQ	Exit	Invesco ETF TR II China Tech (etf	$0	–	-4,581	–	-0.14%	–
LLY	Exit	Eli Lilly & Co (lly)	$0	–	-1,423	–	-0.28%	–
C	Exit	Citigroup Inc (c)	$0	–	-83,142	–	-2.35%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$17,396,000	–	127,240	–	10.68%	–
MSFT	New	Microsoft Corp (msft)	$14,771,000	–	57,511	–	9.07%	–
PDBC	New	Invesco Opt Yld Divers (pdbc)etf	$10,175,000	–	564,008	–	6.25%	–
TSM	New	Taiwan Semiconductor (tsm)	$9,760,000	–	119,392	–	5.99%	–
MRK	New	Merck & Co (mrk)	$7,044,000	–	77,263	–	4.33%	–
IBN	New	Icici Bank (ibn)	$6,639,000	–	374,266	–	4.08%	–
GLD	New	Spdr Gold Tr Spdr (gld)etf	$5,617,000	–	33,341	–	3.45%	–
GPN	New	Global Pymts (gpn)	$5,508,000	–	49,785	–	3.38%	–
	New	Shell PLC (shel)	$5,457,000	–	104,360	–	3.35%	–
APTV	New	Aptiv (aptv)	$4,666,000	–	52,384	–	2.87%	–
TTE	New	TotalEnergies SE ADR (tte)	$4,545,000	–	86,335	–	2.79%	–
BMY	New	Bristol-Myers Squibb Co (bmy)	$4,076,000	–	52,930	–	2.50%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$3,940,000	–	34,985	–	2.42%	–
C	New	Citigroup Inc (c)	$3,824,000	–	83,142	–	2.35%	–
MDT	New	Medtronic Plc (mdt)	$3,256,000	–	36,277	–	2.00%	–
GILD	New	Gilead Sciences Inc (gild)	$3,214,000	–	51,991	–	1.97%	–
NKE	New	Nike Inc -Cl B (nke)	$3,192,000	–	31,229	–	1.96%	–
ECL	New	Ecolab Inc (ecl)	$2,759,000	–	17,946	–	1.69%	–
INTC	New	Intel Corp (intc)	$2,727,000	–	72,901	–	1.68%	–
REGN	New	Regeneron Pharmaceuticals (reg	$2,715,000	–	4,593	–	1.67%	–
BRKA	New	Berkshire Hathaway (brka)	$2,454,000	–	6	–	1.51%	–
CSX	New	Csx Corp (csx)	$2,403,000	–	82,697	–	1.48%	–
SLV	New	Ishares Silver Trust(slv)etf	$2,379,000	–	127,606	–	1.46%	–
CG	New	The Carlyle Group Inc (cg)	$1,979,000	–	62,522	–	1.22%	–
ERIC	New	Ericsson (LM) Tel-Sp ADR (eric	$1,972,000	–	266,441	–	1.21%	–
AMT	New	American Tower Corp (amt)	$1,821,000	–	7,125	–	1.12%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,595,000	–	58,979	–	0.98%	–
BDX	New	Becton Dickinson (bdx)	$1,440,000	–	5,839	–	0.88%	–
BKLN	New	Invesco Senior Loan (bkln)fi etf	$1,274,000	–	62,840	–	0.78%	–
SRLN	New	SPDR Blackstone Sr Loan (srln)fi etf	$1,204,000	–	28,918	–	0.74%	–
FNV	New	Franco Nevada Corp (fnv)	$1,158,000	–	8,800	–	0.71%	–
MU	New	Micron Technology Inc (mu)	$934,000	–	16,898	–	0.57%	–
CHT	New	Chunghwa Telecm (cht)	$819,000	–	19,857	–	0.50%	–
VZ	New	Verizon Communications Inc (vz	$697,000	–	13,736	–	0.43%	–
XLU	New	Utilities Select Sector SPRD (etf	$638,000	–	9,100	–	0.39%	–
JNJ	New	Johnson & Johnson (jnj)	$637,000	–	3,587	–	0.39%	–
CSCO	New	Cisco Systems Inc (csco)	$634,000	–	14,864	–	0.39%	–
	New	Warner Bros Discovery Inc. (wb	$626,000	–	46,627	–	0.38%	–
GD	New	General Dynamics (gd)	$624,000	–	2,820	–	0.38%	–
CTVA	New	Corteva Inc (ctva)	$613,000	–	11,331	–	0.38%	–
XOM	New	Exxon Mobil Corp (xom)	$558,000	–	6,510	–	0.34%	–
BAC	New	Bank Of America Corp (bac)	$527,000	–	16,940	–	0.32%	–
CCLP	New	CSI Compressco LP (cclp)	$524,000	–	400,000	–	0.32%	–
SH	New	Proshares Short S&P500 (sh)etf	$488,000	–	29,602	–	0.30%	–
LHX	New	L3 Harris Technologies (lhx)	$486,000	–	2,010	–	0.30%	–
LLY	New	Eli Lilly & Co (lly)	$461,000	–	1,423	–	0.28%	–
AMZN	New	Amazon.Com Inc (amzn)	$437,000	–	4,115	–	0.27%	–
AES	New	AES Corp (aes)	$425,000	–	20,236	–	0.26%	–
DVN	New	Devon Energy (dvn)	$412,000	–	7,482	–	0.25%	–
ELY	New	Callaway Golf Co (ely)	$387,000	–	18,955	–	0.24%	–
BP	New	BP Plc (bp)	$387,000	–	13,662	–	0.24%	–
WMB	New	Williams Co (wmb)	$385,000	–	12,336	–	0.24%	–
FMC	New	FMC (fmc)	$380,000	–	3,550	–	0.23%	–
SPG	New	Simon Property Group Inc (spg)	$376,000	–	3,966	–	0.23%	–
BTI	New	British American Tob (bti)	$374,000	–	8,718	–	0.23%	–
IRM	New	Iron Mountain Inc (irm)	$359,000	–	7,378	–	0.22%	–
BRKB	New	Berkshire Hathaway (brk/b)	$354,000	–	1,297	–	0.22%	–
KO	New	Coca-Cola Co/The (ko)	$343,000	–	5,460	–	0.21%	–
BKR	New	Baker Hughes Co (bkr)	$337,000	–	11,674	–	0.21%	–
XLE	New	Energy Select Sector SPDR (xleetf	$325,000	–	4,550	–	0.20%	–
MUFG	New	Mitsubishi UFJ ADR (mufg)	$321,000	–	60,156	–	0.20%	–
EMR	New	Emerson Electric Co (emr)	$314,000	–	3,947	–	0.19%	–
PSQ	New	Proshares Short QQQ (psq)etf	$313,000	–	21,740	–	0.19%	–
FAF	New	First American Financial (faf)	$311,000	–	5,885	–	0.19%	–
CAH	New	Cardinal Health Inc (cah)	$306,000	–	5,862	–	0.19%	–
TFC	New	Truist Financial Corp (tfc)	$303,000	–	6,385	–	0.19%	–
COG	New	Coterra Energy Inc (ctra)	$286,000	–	11,081	–	0.18%	–
TRMK	New	Trustmark Corp (trmk)	$282,000	–	9,662	–	0.17%	–
RF	New	Regions Financial Corp (rf)	$269,000	–	14,336	–	0.16%	–
UL	New	Unilever Plc (ul)	$261,000	–	5,705	–	0.16%	–
FNF	New	Fidelity National Financial (f	$261,000	–	7,070	–	0.16%	–
MTUM	New	Ishares Edge MSCI USA Moment (etf	$257,000	–	1,885	–	0.16%	–
USB	New	US Bancorp (usb)	$258,000	–	5,598	–	0.16%	–
HD	New	Home Depot Inc (hd)	$256,000	–	935	–	0.16%	–
T	New	At&T Inc (t)	$250,000	–	11,949	–	0.15%	–
VTI	New	Vanguard Total Stock Mkt ETF (etf	$244,000	–	1,291	–	0.15%	–
SPSB	New	SPDR Port Short Term Corp (spsfi etf	$242,000	–	8,155	–	0.15%	–
SNY	New	Sanofi-Aventis (sny)	$240,000	–	4,794	–	0.15%	–
GLW	New	Corning Inc (glw)	$240,000	–	7,609	–	0.15%	–
MPC	New	Marathon Petroleum	$233,000	–	2,837	–	0.14%	–
CQQQ	New	Invesco ETF TR II China Tech (etf	$231,000	–	4,581	–	0.14%	–
WMT	New	Wal-Mart Stores Inc (wmt)	$231,000	–	1,898	–	0.14%	–
EXR	New	Extra Space Storage (exr)	$227,000	–	1,336	–	0.14%	–
DOW	New	Dow Chemical (dow)	$227,000	–	4,392	–	0.14%	–
NRG	New	NRG Energy Inc (nrg)	$217,000	–	5,692	–	0.13%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$203,000	–	7,095	–	0.12%	–
GOOGL	New	Alphabet Inc-Cl A (googl)	$200,000	–	92	–	0.12%	–
WIT	New	Wipro Ltd-ADR (wit)	$179,000	–	33,658	–	0.11%	–
PBRA	New	Petroleo Brasil-Sp Pref ADR (p	$111,000	–	10,478	–	0.07%	–
BRFS	New	BRF SA-ADR (brfs)	$43,000	–	16,623	–	0.03%	–

Q4 2021

			Value		Shares		↓ Weighting
PBRA	Exit	Petroleo Brasil-Sp Pref ADR (p	$0	–	-14,989	–	-0.08%	–
BRFS	Exit	BRF SA-ADR (brfs)	$0	–	-40,330	–	-0.11%	–
SPSB	Exit	SPDR Port Short Term Corp (spsfi etf	$0	–	-6,917	–	-0.12%	–
EPD	Exit	Enterprise Prod Ptnrs LP (epd)	$0	–	-10,150	–	-0.12%	–
IGIB	Exit	iShares 5-10Y Inv Gr Corp (igifi etf	$0	–	-3,640	–	-0.12%	–
MOS	Exit	The Mosaic Co (mos)	$0	–	-6,300	–	-0.12%	–
IVW	Exit	Ishares S&P 500 Growth (ivw)etf	$0	–	-3,205	–	-0.13%	–
COG	Exit	Coterra Energy Inc (ctra)	$0	–	-11,000	–	-0.13%	–
OMAB	Exit	Grupo Aeroportuario Cen ADR (o	$0	–	-5,198	–	-0.13%	–
FB	Exit	Facebook Inc-A (fb)	$0	–	-748	–	-0.14%	–
EXR	Exit	Extra Space Storage (exr)	$0	–	-1,535	–	-0.14%	–
NRG	Exit	NRG Energy Inc (nrg)	$0	–	-6,556	–	-0.14%	–
RDY	Exit	Dr Reddys Labs (rdy)	$0	–	-4,250	–	-0.15%	–
VEDL	Exit	Vedanta Ltd. ADR (vedl)	$0	–	-19,672	–	-0.16%	–
LLY	Exit	Eli Lilly & Co (lly)	$0	–	-1,321	–	-0.16%	–
XLE	Exit	Energy Select Sector SPDR (xleetf	$0	–	-5,930	–	-0.16%	–
VTI	Exit	Vanguard Total Stock Mkt ETF (etf	$0	–	-1,393	–	-0.16%	–
TRMK	Exit	Trustmark Corp (trmk)	$0	–	-9,710	–	-0.17%	–
HD	Exit	Home Depot Inc (hd)	$0	–	-960	–	-0.17%	–
NVDA	Exit	Nvidia Corp (nvda)	$0	–	-1,521	–	-0.17%	–
KO	Exit	Coca-Cola Co/The (ko)	$0	–	-6,018	–	-0.17%	–
FMC	Exit	FMC (fmc)	$0	–	-3,550	–	-0.17%	–
SYY	Exit	Sysco Corp (syy)	$0	–	-4,199	–	-0.18%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-9,852	–	-0.18%	–
CAH	Exit	Cardinal Health Inc (cah)	$0	–	-6,871	–	-0.18%	–
AMZN	Exit	Amazon.Com Inc (amzn)	$0	–	-108	–	-0.19%	–
RF	Exit	Regions Financial Corp (rf)	$0	–	-16,710	–	-0.19%	–
UL	Exit	Unilever Plc (ul)	$0	–	-6,640	–	-0.19%	–
BTI	Exit	British American Tob (bti)	$0	–	-10,254	–	-0.19%	–
IRM	Exit	Iron Mountain Inc (irm)	$0	–	-8,448	–	-0.20%	–
WMB	Exit	Williams Co (wmb)	$0	–	-14,471	–	-0.20%	–
USB	Exit	US Bancorp (usb)	$0	–	-6,447	–	-0.20%	–
FNF	Exit	Fidelity National Financial (f	$0	–	-8,422	–	-0.20%	–
WIT	Exit	Wipro Ltd-ADR (wit)	$0	–	-45,998	–	-0.22%	–
CQQQ	Exit	Invesco ETF TR II China Tech (etf	$0	–	-6,178	–	-0.22%	–
MUFG	Exit	Mitsubishi UFJ ADR (mufg)	$0	–	-71,083	–	-0.22%	–
EMR	Exit	Emerson Electric Co (emr)	$0	–	-4,559	–	-0.23%	–
TFC	Exit	Truist Financial Corp (tfc)	$0	–	-7,407	–	-0.23%	–
BP	Exit	BP Plc (bp)	$0	–	-15,965	–	-0.23%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-9,074	–	-0.23%	–
LHX	Exit	L3 Harris Technologies (lhx)	$0	–	-2,000	–	-0.23%	–
ELY	Exit	Callaway Golf Co (ely)	$0	–	-16,068	–	-0.24%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-7,574	–	-0.24%	–
FAF	Exit	First American Financial (faf)	$0	–	-6,874	–	-0.25%	–
CTVA	Exit	Corteva Inc (ctva)	$0	–	-12,054	–	-0.27%	–
BRKB	Exit	Berkshire Hathaway (brk/b)	$0	–	-1,979	–	-0.29%	–
GD	Exit	General Dynamics (gd)	$0	–	-2,820	–	-0.30%	–
AES	Exit	AES Corp (aes)	$0	–	-24,594	–	-0.30%	–
SPG	Exit	Simon Property Group Inc (spg)	$0	–	-4,434	–	-0.31%	–
DIS	Exit	Walt Disney Co/The (dis)	$0	–	-3,427	–	-0.31%	–
JNJ	Exit	Johnson & Johnson (jnj)	$0	–	-3,919	–	-0.34%	–
T	Exit	At&T Inc (t)	$0	–	-24,918	–	-0.36%	–
BAC	Exit	Bank Of America Corp (bac)	$0	–	-19,028	–	-0.43%	–
CSCO	Exit	Cisco Systems Inc (csco)	$0	–	-16,139	–	-0.47%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-24,922	–	-0.52%	–
FNV	Exit	Franco Nevada Corp (fnv)	$0	–	-8,800	–	-0.61%	–
DISCA	Exit	Discovery Inc - A (disca)	$0	–	-47,270	–	-0.64%	–
BDX	Exit	Becton Dickinson (bdx)	$0	–	-6,191	–	-0.81%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-64,562	–	-0.87%	–
AMT	Exit	American Tower Corp (amt)	$0	–	-7,146	–	-1.01%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-243,931	–	-1.06%	–
ERIC	Exit	Ericsson (LM) Tel-Sp ADR (eric	$0	–	-213,219	–	-1.27%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-6	–	-1.32%	–
CSX	Exit	Csx Corp (csx)	$0	–	-86,473	–	-1.37%	–
PDBC	Exit	Invesco Opt Yld Divers (pdbc)etf	$0	–	-130,514	–	-1.46%	–
TTE	Exit	TotalEnergies SE ADR (tte)	$0	–	-59,444	–	-1.52%	–
REGN	Exit	Regeneron Pharmaceuticals (reg	$0	–	-4,935	–	-1.59%	–
WDC	Exit	Western Digital (wdc)	$0	–	-54,007	–	-1.62%	–
CG	Exit	The Carlyle Group Inc (cg)	$0	–	-66,032	–	-1.66%	–
IBM	Exit	Intl Business Machines Corp (i	$0	–	-24,169	–	-1.79%	–
SLV	Exit	Ishares Silver Trust(slv)etf	$0	–	-166,007	–	-1.82%	–
BMY	Exit	Bristol-Myers Squibb Co (bmy)	$0	–	-58,599	–	-1.85%	–
RDSA	Exit	Royal Dutch Shell (rdsa)	$0	–	-79,704	–	-1.89%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-18,819	–	-2.09%	–
GILD	Exit	Gilead Sciences Inc (gild)	$0	–	-56,511	–	-2.10%	–
INTC	Exit	Intel Corp (intc)	$0	–	-76,113	–	-2.16%	–
NKE	Exit	Nike Inc -Cl B (nke)	$0	–	-32,982	–	-2.55%	–
MDT	Exit	Medtronic Plc (mdt)	$0	–	-38,217	–	-2.55%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-77,306	–	-3.09%	–
JPM	Exit	Jpmorgan Chase & Co (jpm)	$0	–	-37,915	–	-3.31%	–
GPN	Exit	Global Pymts (gpn)	$0	–	-39,553	–	-3.32%	–
C	Exit	Citigroup Inc (c)	$0	–	-89,566	–	-3.35%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-407,182	–	-4.10%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)etf	$0	–	-47,065	–	-4.12%	–
APTV	Exit	Aptiv (aptv)	$0	–	-55,406	–	-4.40%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-129,364	–	-7.70%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-62,488	–	-9.39%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-132,384	–	-9.98%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Inc (aapl)	$18,732,000	+2.4%	132,384	-0.8%	9.98%	+5.8%
MSFT	Sell	Microsoft Corp (msft)	$17,617,000	+2.4%	62,488	-1.6%	9.39%	+5.8%
TSM	Sell	Taiwan Semiconductor (tsm)	$14,443,000	-10.0%	129,364	-3.2%	7.70%	-7.1%
APTV	Sell	Aptiv (aptv)	$8,254,000	-7.6%	55,406	-2.4%	4.40%	-4.6%
GLD	Sell	Spdr Gold Tr Spdr (gld)etf	$7,729,000	-2.9%	47,065	-2.1%	4.12%	+0.3%
IBN	Sell	Icici Bank (ibn)	$7,684,000	+6.7%	407,182	-3.3%	4.10%	+10.2%
C	Buy	Citigroup Inc (c)	$6,286,000	-0.1%	89,566	+0.7%	3.35%	+3.2%
GPN	Sell	Global Pymts (gpn)	$6,233,000	-17.7%	39,553	-2.0%	3.32%	-15.0%
JPM	Buy	Jpmorgan Chase & Co (jpm)	$6,206,000	+7.0%	37,915	+1.7%	3.31%	+10.5%
MRK	Sell	Merck & Co (mrk)	$5,806,000	-5.2%	77,306	-1.8%	3.09%	-2.1%
MDT	Sell	Medtronic Plc (mdt)	$4,791,000	-0.8%	38,217	-1.8%	2.55%	+2.4%
NKE	Sell	Nike Inc -Cl B (nke)	$4,790,000	-7.8%	32,982	-1.9%	2.55%	-4.7%
INTC	Sell	Intel Corp (intc)	$4,055,000	-6.6%	76,113	-1.6%	2.16%	-3.5%
GILD	Sell	Gilead Sciences Inc (gild)	$3,947,000	+1.1%	56,511	-0.4%	2.10%	+4.4%
ECL	Sell	Ecolab Inc (ecl)	$3,926,000	-0.7%	18,819	-1.9%	2.09%	+2.5%
RDSA	Sell	Royal Dutch Shell (rdsa)	$3,552,000	+9.8%	79,704	-0.5%	1.89%	+13.4%
BMY	Buy	Bristol-Myers Squibb Co (bmy)	$3,467,000	+0.8%	58,599	+13.9%	1.85%	+4.1%
SLV	Sell	Ishares Silver Trust(slv)etf	$3,406,000	-17.0%	166,007	-2.1%	1.82%	-14.3%
IBM	Sell	Intl Business Machines Corp (i	$3,358,000	-6.9%	24,169	-1.8%	1.79%	-3.9%
CG	Sell	The Carlyle Group Inc (cg)	$3,122,000	-0.6%	66,032	-2.3%	1.66%	+2.7%
WDC	Sell	Western Digital (wdc)	$3,048,000	-22.6%	54,007	-2.4%	1.62%	-20.1%
REGN	Sell	Regeneron Pharmaceuticals (reg	$2,987,000	+6.1%	4,935	-2.1%	1.59%	+9.6%
TTE	Sell	TotalEnergies SE ADR (tte)	$2,849,000	+4.4%	59,444	-1.4%	1.52%	+7.7%
PDBC	Sell	Invesco Opt Yld Divers (pdbc)etf	$2,747,000	+2.4%	130,514	-2.3%	1.46%	+5.8%
CSX	Sell	Csx Corp (csx)	$2,572,000	-9.3%	86,473	-2.2%	1.37%	-6.3%
ERIC	Sell	Ericsson (LM) Tel-Sp ADR (eric	$2,388,000	-13.0%	213,219	-2.3%	1.27%	-10.2%
LFC	Sell	China Life Insurance (lfc)	$1,990,000	-20.8%	243,931	-3.4%	1.06%	-18.2%
AMT	Buy	American Tower Corp (amt)	$1,897,000	-1.6%	7,146	+0.2%	1.01%	+1.7%
TLK	Sell	Telekomunik Indonesia (tlk)	$1,640,000	+14.5%	64,562	-2.3%	0.87%	+18.3%
BDX	Sell	Becton Dickinson (bdx)	$1,522,000	-1.0%	6,191	-2.1%	0.81%	+2.1%
DISCA	Sell	Discovery Inc - A (disca)	$1,200,000	-19.2%	47,270	-2.3%	0.64%	-16.6%
CHT	Sell	Chunghwa Telecm (cht)	$979,000	-19.6%	24,922	-16.7%	0.52%	-16.9%
CSCO	Buy	Cisco Systems Inc (csco)	$878,000	+3.7%	16,139	+1.0%	0.47%	+7.1%
BAC	Buy	Bank Of America Corp (bac)	$808,000	+5.5%	19,028	+2.4%	0.43%	+9.1%
T	Buy	At&T Inc (t)	$673,000	-4.7%	24,918	+1.5%	0.36%	-1.4%
JNJ	Buy	Johnson & Johnson (jnj)	$633,000	+59.8%	3,919	+63.0%	0.34%	+65.2%
DIS	Buy	Walt Disney Co/The (dis)	$580,000	+0.3%	3,427	+4.2%	0.31%	+3.7%
SPG	Sell	Simon Property Group Inc (spg)	$576,000	-1.2%	4,434	-0.7%	0.31%	+2.0%
AES	Sell	AES Corp (aes)	$561,000	-13.6%	24,594	-1.2%	0.30%	-10.7%
BRKB	Buy	Berkshire Hathaway (brk/b)	$540,000	+1.1%	1,979	+3.0%	0.29%	+4.3%
FAF	Sell	First American Financial (faf)	$461,000	+6.5%	6,874	-1.1%	0.25%	+10.3%
XOM	Buy	Exxon Mobil Corp (xom)	$446,000	-3.0%	7,574	+3.8%	0.24%	+0.4%
ELY	Buy	Callaway Golf Co (ely)	$444,000	+86.6%	16,068	+127.3%	0.24%	+92.7%
SNY	Sell	Sanofi-Aventis (sny)	$437,000	-9.1%	9,074	-0.6%	0.23%	-6.0%
BP	Sell	BP Plc (bp)	$436,000	+2.3%	15,965	-1.1%	0.23%	+5.5%
TFC	Buy	Truist Financial Corp (tfc)	$434,000	+6.9%	7,407	+1.2%	0.23%	+10.5%
EMR	Buy	Emerson Electric Co (emr)	$429,000	-1.2%	4,559	+1.1%	0.23%	+2.2%
MUFG	Sell	Mitsubishi UFJ ADR (mufg)	$422,000	+8.2%	71,083	-1.2%	0.22%	+11.9%
CQQQ	Sell	Invesco ETF TR II China Tech (etf	$406,000	-29.8%	6,178	-10.0%	0.22%	-27.5%
WIT	Sell	Wipro Ltd-ADR (wit)	$406,000	+4.4%	45,998	-7.6%	0.22%	+7.5%
FNF	New	Fidelity National Financial (f	$382,000	–	8,422	–	0.20%	–
USB	Sell	US Bancorp (usb)	$383,000	+3.2%	6,447	-1.0%	0.20%	+6.8%
WMB	Sell	Williams Co (wmb)	$375,000	-3.6%	14,471	-1.1%	0.20%	-0.5%
IRM	Sell	Iron Mountain Inc (irm)	$367,000	+1.4%	8,448	-1.1%	0.20%	+4.8%
BTI	Sell	British American Tob (bti)	$362,000	-11.1%	10,254	-1.0%	0.19%	-8.1%
UL	Sell	Unilever Plc (ul)	$360,000	-8.4%	6,640	-1.2%	0.19%	-5.4%
RF	Sell	Regions Financial Corp (rf)	$356,000	+4.4%	16,710	-1.1%	0.19%	+8.0%
AMZN	Buy	Amazon.Com Inc (amzn)	$355,000	+37.6%	108	+44.0%	0.19%	+42.1%
CAH	Sell	Cardinal Health Inc (cah)	$340,000	-16.3%	6,871	-3.3%	0.18%	-13.4%
SYY	Buy	Sysco Corp (syy)	$330,000	+5.1%	4,199	+3.9%	0.18%	+8.6%
FMC	Sell	FMC (fmc)	$325,000	-16.0%	3,550	-0.7%	0.17%	-13.5%
KO	Sell	Coca-Cola Co/The (ko)	$316,000	-4.0%	6,018	-1.1%	0.17%	-1.2%
NVDA	Buy	Nvidia Corp (nvda)	$315,000	+17.1%	1,521	+352.7%	0.17%	+20.9%
HD	Buy	Home Depot Inc (hd)	$315,000	+15.8%	960	+12.4%	0.17%	+20.0%
TRMK	Buy	Trustmark Corp (trmk)	$313,000	+6.5%	9,710	+1.8%	0.17%	+9.9%
LLY	Buy	Eli Lilly & Co (lly)	$305,000	+6.3%	1,321	+5.5%	0.16%	+10.1%
VEDL	Sell	Vedanta Ltd. ADR (vedl)	$301,000	+3.1%	19,672	-4.3%	0.16%	+6.0%
RDY	Sell	Dr Reddys Labs (rdy)	$277,000	-19.2%	4,250	-9.0%	0.15%	-16.4%
NRG	New	NRG Energy Inc (nrg)	$268,000	–	6,556	–	0.14%	–
EXR	Buy	Extra Space Storage (exr)	$258,000	+6.2%	1,535	+3.6%	0.14%	+9.6%
FB	Buy	Facebook Inc-A (fb)	$254,000	+25.7%	748	+29.0%	0.14%	+29.8%
OMAB	Sell	Grupo Aeroportuario Cen ADR (o	$244,000	-18.1%	5,198	-9.0%	0.13%	-15.6%
IVW	Sell	Ishares S&P 500 Growth (ivw)etf	$237,000	-2.1%	3,205	-3.8%	0.13%	+0.8%
MOS	New	The Mosaic Co (mos)	$225,000	–	6,300	–	0.12%	–
IGIB	Buy	iShares 5-10Y Inv Gr Corp (igifi etf	$219,000	+3.3%	3,640	+4.1%	0.12%	+7.3%
SPSB	Buy	SPDR Port Short Term Corp (spsfi etf	$216,000	+2.9%	6,917	+3.1%	0.12%	+6.5%
EIX	Exit	Edison Intl (eix)	$0	–	-3,577	–	-0.11%	–
SPHQ	Exit	Invesco S&P 500 High Q(sphq)etf	$0	–	-4,468	–	-0.11%	–
LVS	Exit	Las Vegas Sands (lvs)	$0	–	-6,057	–	-0.16%	–
CVS	Exit	Cvs Health Corp (cvs)	$0	–	-6,186	–	-0.27%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$18,286,000	–	133,517	–	9.44%	–
MSFT	New	Microsoft Corp (msft)	$17,206,000	–	63,516	–	8.88%	–
TSM	New	Taiwan Semiconductor (tsm)	$16,054,000	–	133,608	–	8.28%	–
APTV	New	Aptiv (aptv)	$8,932,000	–	56,771	–	4.61%	–
GLD	New	Spdr Gold Tr Spdr (gld)etf	$7,962,000	–	48,069	–	4.11%	–
GPN	New	Global Pymts (gpn)	$7,572,000	–	40,378	–	3.91%	–
IBN	New	Icici Bank (ibn)	$7,201,000	–	421,114	–	3.72%	–
C	New	Citigroup Inc (c)	$6,293,000	–	88,945	–	3.25%	–
MRK	New	Merck & Co (mrk)	$6,122,000	–	78,723	–	3.16%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$5,799,000	–	37,282	–	2.99%	–
NKE	New	Nike Inc -Cl B (nke)	$5,193,000	–	33,615	–	2.68%	–
MDT	New	Medtronic Plc (mdt)	$4,830,000	–	38,914	–	2.49%	–
INTC	New	Intel Corp (intc)	$4,342,000	–	77,348	–	2.24%	–
SLV	New	Ishares Silver Trust(slv)etf	$4,106,000	–	169,512	–	2.12%	–
ECL	New	Ecolab Inc (ecl)	$3,953,000	–	19,190	–	2.04%	–
WDC	New	Western Digital (wdc)	$3,940,000	–	55,358	–	2.03%	–
GILD	New	Gilead Sciences Inc (gild)	$3,905,000	–	56,715	–	2.02%	–
IBM	New	Intl Business Machines Corp (i	$3,607,000	–	24,603	–	1.86%	–
BMY	New	Bristol-Myers Squibb Co (bmy)	$3,439,000	–	51,465	–	1.77%	–
RDSA	New	Royal Dutch Shell (rdsa)	$3,236,000	–	80,104	–	1.67%	–
CG	New	The Carlyle Group Inc (cg)	$3,141,000	–	67,570	–	1.62%	–
CSX	New	Csx Corp (csx)	$2,836,000	–	88,403	–	1.46%	–
REGN	New	Regeneron Pharmaceuticals (reg	$2,816,000	–	5,042	–	1.45%	–
ERIC	New	Ericsson (LM) Tel-Sp ADR (eric	$2,746,000	–	218,306	–	1.42%	–
TTE	New	TotalEnergies SE ADR (tte)	$2,730,000	–	60,317	–	1.41%	–
PDBC	New	Invesco Opt Yld Divers (pdbc)etf	$2,683,000	–	133,563	–	1.38%	–
LFC	New	China Life Insurance (lfc)	$2,512,000	–	252,428	–	1.30%	–
BRKA	New	Berkshire Hathaway (brka)	$2,512,000	–	6	–	1.30%	–
AMT	New	American Tower Corp (amt)	$1,927,000	–	7,132	–	0.99%	–
BDX	New	Becton Dickinson (bdx)	$1,538,000	–	6,326	–	0.79%	–
DISCA	New	Discovery Inc - A (disca)	$1,485,000	–	48,399	–	0.77%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,432,000	–	66,090	–	0.74%	–
FNV	New	Franco Nevada Corp (fnv)	$1,277,000	–	8,800	–	0.66%	–
CHT	New	Chunghwa Telecm (cht)	$1,217,000	–	29,924	–	0.63%	–
CSCO	New	Cisco Systems Inc (csco)	$847,000	–	15,982	–	0.44%	–
BAC	New	Bank Of America Corp (bac)	$766,000	–	18,583	–	0.40%	–
T	New	At&T Inc (t)	$706,000	–	24,542	–	0.36%	–
AES	New	AES Corp (aes)	$649,000	–	24,883	–	0.34%	–
SPG	New	Simon Property Group Inc (spg)	$583,000	–	4,466	–	0.30%	–
CQQQ	New	Invesco ETF TR II China Tech (etf	$578,000	–	6,862	–	0.30%	–
DIS	New	Walt Disney Co/The (dis)	$578,000	–	3,290	–	0.30%	–
BRKB	New	Berkshire Hathaway (brk/b)	$534,000	–	1,921	–	0.28%	–
CTVA	New	Corteva Inc (ctva)	$535,000	–	12,054	–	0.28%	–
GD	New	General Dynamics (gd)	$531,000	–	2,820	–	0.27%	–
CVS	New	Cvs Health Corp (cvs)	$516,000	–	6,186	–	0.27%	–
SNY	New	Sanofi-Aventis (sny)	$481,000	–	9,132	–	0.25%	–
XOM	New	Exxon Mobil Corp (xom)	$460,000	–	7,297	–	0.24%	–
EMR	New	Emerson Electric Co (emr)	$434,000	–	4,510	–	0.22%	–
FAF	New	First American Financial (faf)	$433,000	–	6,951	–	0.22%	–
LHX	New	L3 Harris Technologies (lhx)	$432,000	–	2,000	–	0.22%	–
BP	New	BP Plc (bp)	$426,000	–	16,143	–	0.22%	–
BTI	New	British American Tob (bti)	$407,000	–	10,362	–	0.21%	–
TFC	New	Truist Financial Corp (tfc)	$406,000	–	7,317	–	0.21%	–
CAH	New	Cardinal Health Inc (cah)	$406,000	–	7,107	–	0.21%	–
JNJ	New	Johnson & Johnson (jnj)	$396,000	–	2,404	–	0.20%	–
UL	New	Unilever Plc (ul)	$393,000	–	6,718	–	0.20%	–
WMB	New	Williams Co (wmb)	$389,000	–	14,638	–	0.20%	–
WIT	New	Wipro Ltd-ADR (wit)	$389,000	–	49,805	–	0.20%	–
MUFG	New	Mitsubishi UFJ ADR (mufg)	$390,000	–	71,932	–	0.20%	–
FMC	New	FMC (fmc)	$387,000	–	3,576	–	0.20%	–
USB	New	US Bancorp (usb)	$371,000	–	6,512	–	0.19%	–
IRM	New	Iron Mountain Inc (irm)	$362,000	–	8,543	–	0.19%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$353,000	–	9,852	–	0.18%	–
RDY	New	Dr Reddys Labs (rdy)	$343,000	–	4,672	–	0.18%	–
RF	New	Regions Financial Corp (rf)	$341,000	–	16,897	–	0.18%	–
KO	New	Coca-Cola Co/The (ko)	$329,000	–	6,082	–	0.17%	–
LVS	New	Las Vegas Sands (lvs)	$319,000	–	6,057	–	0.16%	–
XLE	New	Energy Select Sector SPDR (xleetf	$319,000	–	5,930	–	0.16%	–
SYY	New	Sysco Corp (syy)	$314,000	–	4,043	–	0.16%	–
VTI	New	Vanguard Total Stock Mkt ETF (etf	$310,000	–	1,393	–	0.16%	–
OMAB	New	Grupo Aeroportuario Cen ADR (o	$298,000	–	5,711	–	0.15%	–
TRMK	New	Trustmark (trmk)	$294,000	–	9,542	–	0.15%	–
VEDL	New	Vedanta Ltd. ADR (vedl)	$292,000	–	20,566	–	0.15%	–
LLY	New	Eli Lilly & Co (lly)	$287,000	–	1,252	–	0.15%	–
HD	New	Home Depot Inc (hd)	$272,000	–	854	–	0.14%	–
NVDA	New	Nvidia Corp (nvda)	$269,000	–	336	–	0.14%	–
AMZN	New	Amazon.Com Inc (amzn)	$258,000	–	75	–	0.13%	–
EPD	New	Enterprise Prod Ptnrs LP (epd)	$245,000	–	10,150	–	0.13%	–
IVW	New	Ishares S&P 500 Growth (ivw)etf	$242,000	–	3,333	–	0.12%	–
EXR	New	Extra Space Storage (exr)	$243,000	–	1,481	–	0.12%	–
ELY	New	Callaway Golf Co (ely)	$238,000	–	7,069	–	0.12%	–
BRFS	New	BRF SA-ADR (brfs)	$221,000	–	40,330	–	0.11%	–
SPHQ	New	Invesco S&P 500 High Q(sphq)etf	$217,000	–	4,468	–	0.11%	–
IGIB	New	iShares 5-10Y Inv Gr Corp (igifi etf	$212,000	–	3,497	–	0.11%	–
SPSB	New	SPDR Port Short Term Corp (spsfi etf	$210,000	–	6,710	–	0.11%	–
EIX	New	Edison Intl (eix)	$207,000	–	3,577	–	0.11%	–
FB	New	Facebook Inc-A (fb)	$202,000	–	580	–	0.10%	–
COG	New	Cabot Oil & Gas (cog)	$192,000	–	11,000	–	0.10%	–
PBRA	New	Petroleo Brasil-Sp Pref ADR (p	$177,000	–	14,989	–	0.09%	–

Q4 2020

			Value		Shares		↓ Weighting
GIM	Exit	Templeton Global Incm Fd (gim)etf	$0	–	-12,058	–	-0.04%	–
BRFS	Exit	BRF SA-ADR (brfs)	$0	–	-23,559	–	-0.04%	–
YPF	Exit	YPF SA (ypf)	$0	–	-22,485	–	-0.05%	–
BMYRT	Exit	Bristol-Myers Squibb-CVRright	$0	–	-36,002	–	-0.05%	–
PAA	Exit	Pipeline (paa)	$0	–	-16,020	–	-0.06%	–
BDORY	Exit	Banco do Brasil SA Spon ADR (b	$0	–	-20,999	–	-0.07%	–
PBR	Exit	Petroleo Brasileiro ADR (pbr)	$0	–	-16,137	–	-0.07%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-46,765	–	-0.08%	–
VEDL	Exit	Vedanta Ltd. ADR (vedl)	$0	–	-22,000	–	-0.10%	–
COG	Exit	Cabot Oil & Gas (cog)	$0	–	-11,000	–	-0.11%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.12%	–
VTI	Exit	Vanguard Total Stock Mkt ETF (etf	$0	–	-1,306	–	-0.13%	–
OMAB	Exit	Grupo Aeroportuario Cen ADR (o	$0	–	-6,067	–	-0.13%	–
HD	Exit	Home Depot Inc (hd)	$0	–	-853	–	-0.14%	–
WIT	Exit	Wipro Ltd-ADR (wit)	$0	–	-53,313	–	-0.15%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-10,981	–	-0.15%	–
WMT	Exit	Wal-Mart Stores Inc (wmt)	$0	–	-1,817	–	-0.15%	–
PEP	Exit	Pepsico Inc (pep)	$0	–	-1,883	–	-0.15%	–
AMZN	Exit	Amazon.Com Inc (amzn)	$0	–	-85	–	-0.16%	–
SPHQ	Exit	Invesco S&P 500 High Q(sphq)etf	$0	–	-7,702	–	-0.18%	–
SYY	Exit	Sysco Corp (syy)	$0	–	-5,342	–	-0.20%	–
RDY	Exit	Dr Reddys Labs (rdy)	$0	–	-4,945	–	-0.20%	–
CTVA	Exit	Corteva Inc (ctva)	$0	–	-12,054	–	-0.20%	–
VEOEY	Exit	Veolia Environment - ADR (veoe	$0	–	-16,422	–	-0.21%	–
LVS	Exit	Las Vegas Sands (lvs)	$0	–	-7,836	–	-0.22%	–
WMB	Exit	Williams Co (wmb)	$0	–	-19,201	–	-0.22%	–
FMC	Exit	FMC (fmc)	$0	–	-3,550	–	-0.22%	–
EMR	Exit	Emerson Electric Co (emr)	$0	–	-5,938	–	-0.23%	–
GD	Exit	General Dynamics (gd)	$0	–	-2,820	–	-0.23%	–
IVW	Exit	Ishares S&P 500 Growth (ivw)etf	$0	–	-1,718	–	-0.23%	–
CAH	Exit	Cardinal Health Inc (cah)	$0	–	-9,211	–	-0.25%	–
BRKB	Exit	Berkshire Hathaway (brk/b)	$0	–	-2,104	–	-0.26%	–
TFC	Exit	Truist Financial Corp (tfc)	$0	–	-12,231	–	-0.27%	–
BTI	Exit	British American Tob (bti)	$0	–	-13,467	–	-0.29%	–
CQQQ	Exit	Invesco ETF TR II China Tech (etf	$0	–	-7,292	–	-0.30%	–
JNJ	Exit	Johnson & Johnson (jnj)	$0	–	-3,406	–	-0.30%	–
UN	Exit	Unilever (un)	$0	–	-8,865	–	-0.31%	–
NVDA	Exit	Nvidia Corp (nvda)	$0	–	-993	–	-0.32%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-10,781	–	-0.32%	–
EPD	Exit	Enterprise Prod Ptnrs LP (epd)	$0	–	-36,348	–	-0.34%	–
FNV	Exit	Franco Nevada Corp (fnv)	$0	–	-4,200	–	-0.34%	–
AES	Exit	AES Corp (aes)	$0	–	-32,927	–	-0.35%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-17,675	–	-0.36%	–
DIS	Exit	Walt Disney Co/The (dis)	$0	–	-5,912	–	-0.43%	–
CSCO	Exit	Cisco Systems Inc (csco)	$0	–	-18,703	–	-0.43%	–
CVS	Exit	Cvs Health Corp (cvs)	$0	–	-13,191	–	-0.45%	–
T	Exit	At&T Inc (t)	$0	–	-28,529	–	-0.48%	–
KO	Exit	Coca-Cola Co/The (ko)	$0	–	-19,292	–	-0.56%	–
SU	Exit	Suncor Energy (su)	$0	–	-79,941	–	-0.57%	–
BAC	Exit	Bank Of America Corp (bac)	$0	–	-41,253	–	-0.58%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-64,137	–	-0.68%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-31,983	–	-0.68%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-69,233	–	-0.71%	–
AMT	Exit	American Tower Corp (amt)	$0	–	-7,097	–	-1.01%	–
CG	Exit	The Carlyle Group Inc (cg)	$0	–	-70,586	–	-1.02%	–
RDSA	Exit	Royal Dutch Shell (rdsa)	$0	–	-70,825	–	-1.05%	–
TTE	Exit	Total S A (tot)	$0	–	-54,001	–	-1.09%	–
WDC	Exit	Western Digital (wdc)	$0	–	-56,991	–	-1.22%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-7	–	-1.32%	–
MYL	Exit	Mylan Labs Inc (myl)	$0	–	-155,676	–	-1.36%	–
CSX	Exit	Csx Corp (csx)	$0	–	-30,600	–	-1.40%	–
ERIC	Exit	Ericsson (LM) Tel-Sp ADR (eric	$0	–	-223,772	–	-1.43%	–
DISCA	Exit	Discovery Inc - A (disca)	$0	–	-120,362	–	-1.54%	–
REGN	Exit	Regeneron Pharmaceuticals (reg	$0	–	-5,228	–	-1.72%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-263,685	–	-1.75%	–
IBM	Exit	Intl Business Machines Corp (i	$0	–	-26,438	–	-1.89%	–
BMY	Exit	Bristol-Myers Squibb Co (bmy)	$0	–	-53,994	–	-1.91%	–
SLV	Exit	Ishares Silver Trust(slv)	$0	–	-157,958	–	-2.01%	–
JPM	Exit	Jpmorgan Chase & Co (jpm)	$0	–	-40,764	–	-2.30%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-19,843	–	-2.33%	–
GILD	Exit	Gilead Sciences Inc (gild)	$0	–	-62,816	–	-2.33%	–
C	Exit	Citigroup Inc (c)	$0	–	-92,884	–	-2.35%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-440,058	–	-2.54%	–
MDT	Exit	Medtronic Plc (mdt)	$0	–	-42,071	–	-2.57%	–
NKE	Exit	Nike Inc -Cl B (nke)	$0	–	-35,348	–	-2.60%	–
INTC	Exit	Intel Corp (intc)	$0	–	-88,526	–	-2.69%	–
APTV	Exit	Aptiv (aptv)	$0	–	-58,670	–	-3.16%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-85,132	–	-4.14%	–
GPN	Exit	Global Pymts (gpn)	$0	–	-41,025	–	-4.28%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-59,992	–	-6.24%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-139,372	–	-6.63%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-69,265	–	-8.55%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-173,134	–	-11.77%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	Apple Inc (aapl)	$20,051,000	+8.0%	173,134	+240.2%	11.77%	+5.0%
MSFT	Sell	Microsoft Corp (msft)	$14,569,000	-1.3%	69,265	-4.5%	8.55%	-4.1%
TSM	Sell	Taiwan Semiconductor (tsm)	$11,299,000	+34.2%	139,372	-6.1%	6.63%	+30.4%
GLD	Sell	Spdr Gold Tr Spdr (gld)	$10,626,000	+1.0%	59,992	-4.5%	6.24%	-1.8%
GPN	Sell	Global Pymts (gpn)	$7,285,000	+0.8%	41,025	-3.7%	4.28%	-2.0%
MRK	Sell	Merck & Co (mrk)	$7,062,000	+2.6%	85,132	-4.4%	4.14%	-0.3%
APTV	Sell	Aptiv (aptv)	$5,379,000	+13.0%	58,670	-4.0%	3.16%	+9.8%
INTC	Sell	Intel Corp (intc)	$4,584,000	-17.2%	88,526	-4.4%	2.69%	-19.5%
NKE	Sell	Nike Inc -Cl B (nke)	$4,438,000	+23.0%	35,348	-3.9%	2.60%	+19.6%
MDT	Sell	Medtronic Plc (mdt)	$4,372,000	+9.2%	42,071	-3.6%	2.57%	+6.2%
IBN	Sell	Icici Bank (ibn)	$4,326,000	+0.8%	440,058	-4.7%	2.54%	-2.0%
C	Sell	Citigroup Inc (c)	$4,004,000	-19.9%	92,884	-5.1%	2.35%	-22.2%
GILD	Sell	Gilead Sciences Inc (gild)	$3,969,000	-21.9%	62,816	-4.8%	2.33%	-24.0%
ECL	Sell	Ecolab Inc (ecl)	$3,965,000	-3.2%	19,843	-3.6%	2.33%	-5.9%
JPM	Sell	Jpmorgan Chase & Co (jpm)	$3,924,000	-2.3%	40,764	-4.5%	2.30%	-5.0%
SLV	New	Ishares Silver Trust(slv)	$3,418,000	–	157,958	–	2.01%	–
BMY	Sell	Bristol-Myers Squibb Co (bmy)	$3,255,000	-0.7%	53,994	-3.1%	1.91%	-3.4%
IBM	Sell	Intl Business Machines Corp (i	$3,217,000	-0.5%	26,438	-1.2%	1.89%	-3.3%
LFC	Sell	China Life Insurance (lfc)	$2,985,000	+7.2%	263,685	-4.5%	1.75%	+4.2%
REGN	Sell	Regeneron Pharmaceuticals (reg	$2,927,000	-15.9%	5,228	-6.4%	1.72%	-18.3%
DISCA	Sell	Discovery Inc - A (disca)	$2,620,000	-2.8%	120,362	-5.7%	1.54%	-5.5%
ERIC	New	Ericsson (LM) Tel-Sp ADR (eric	$2,437,000	–	223,772	–	1.43%	–
CSX	Sell	Csx Corp (csx)	$2,377,000	+7.4%	30,600	-3.6%	1.40%	+4.3%
MYL	Sell	Mylan Labs Inc (myl)	$2,309,000	-11.5%	155,676	-4.1%	1.36%	-14.0%
WDC	Sell	Western Digital (wdc)	$2,083,000	-21.0%	56,991	-4.6%	1.22%	-23.1%
TTE	Sell	Total S A (tot)	$1,852,000	-13.7%	54,001	-3.2%	1.09%	-16.1%
RDSA	Sell	Royal Dutch Shell (rdsa)	$1,783,000	-25.8%	70,825	-3.6%	1.05%	-27.9%
CG	Sell	The Carlyle Group Inc (cg)	$1,741,000	-16.3%	70,586	-5.3%	1.02%	-18.6%
AMT	Buy	American Tower Corp (amt)	$1,716,000	-6.4%	7,097	+0.0%	1.01%	-9.0%
TLK	Sell	Telekomunik Indonesia (tlk)	$1,203,000	-24.4%	69,233	-4.8%	0.71%	-26.5%
CHT	Sell	Chunghwa Telecm (cht)	$1,159,000	-11.6%	31,983	-3.9%	0.68%	-14.0%
IAU	Sell	Ishares Gold Trust (iau)	$1,154,000	-22.9%	64,137	-27.1%	0.68%	-25.0%
BAC	Sell	Bank Of America Corp (bac)	$994,000	-5.2%	41,253	-6.5%	0.58%	-7.9%
SU	Sell	Suncor Energy (su)	$978,000	-30.2%	79,941	-3.8%	0.57%	-32.2%
KO	Sell	Coca-Cola Co/The (ko)	$952,000	+0.4%	19,292	-9.1%	0.56%	-2.3%
T	Sell	At&T Inc (t)	$813,000	-11.4%	28,529	-6.1%	0.48%	-13.9%
CVS	Sell	Cvs Health Corp (cvs)	$770,000	-14.3%	13,191	-4.7%	0.45%	-16.8%
CSCO	Sell	Cisco Systems Inc (csco)	$737,000	-20.8%	18,703	-6.3%	0.43%	-23.0%
DIS	Buy	Walt Disney Co/The (dis)	$734,000	+11.4%	5,912	+0.1%	0.43%	+8.3%
XOM	Sell	Exxon Mobil Corp (xom)	$607,000	-27.0%	17,675	-4.9%	0.36%	-29.1%
AES	Sell	AES Corp (aes)	$596,000	+13.5%	32,927	-9.1%	0.35%	+10.4%
EPD	Sell	Enterprise Prod Ptnrs LP (epd)	$574,000	-18.1%	36,348	-5.8%	0.34%	-20.3%
SNY	Buy	Sanofi-Aventis (sny)	$541,000	0.0%	10,781	+1.8%	0.32%	-2.8%
NVDA	Sell	Nvidia Corp (nvda)	$537,000	+29.4%	993	-9.1%	0.32%	+25.5%
UN	Sell	Unilever (un)	$535,000	+3.1%	8,865	-9.1%	0.31%	+0.3%
JNJ	Sell	Johnson & Johnson (jnj)	$507,000	-3.1%	3,406	-8.5%	0.30%	-5.7%
BTI	Sell	British American Tob (bti)	$487,000	-15.6%	13,467	-9.4%	0.29%	-17.8%
TFC	Sell	Truist Financial Corp (tfc)	$465,000	-6.1%	12,231	-7.2%	0.27%	-8.7%
BRKB	Sell	Berkshire Hathaway (brk/b)	$448,000	+18.5%	2,104	-0.7%	0.26%	+15.4%
CAH	Sell	Cardinal Health Inc (cah)	$432,000	-18.0%	9,211	-8.8%	0.25%	-20.1%
IVW	Sell	Ishares S&P 500 Growth (ivw)etf	$397,000	-9.6%	1,718	-18.8%	0.23%	-12.1%
EMR	Sell	Emerson Electric Co (emr)	$389,000	-25.2%	5,938	-29.1%	0.23%	-27.4%
WMB	Sell	Williams Co (wmb)	$377,000	-6.2%	19,201	-9.1%	0.22%	-9.1%
LVS	Sell	Las Vegas Sands (lvs)	$366,000	-6.6%	7,836	-9.0%	0.22%	-9.3%
VEOEY	Sell	Veolia Environment - ADR (veoe	$355,000	-12.8%	16,422	-9.4%	0.21%	-15.4%
CTVA	Buy	Corteva Inc (ctva)	$347,000	+8.1%	12,054	+0.4%	0.20%	+5.2%
RDY	Sell	Dr Reddys Labs (rdy)	$344,000	+26.0%	4,945	-4.0%	0.20%	+22.4%
SYY	Sell	Sysco Corp (syy)	$332,000	+3.4%	5,342	-9.0%	0.20%	+0.5%
SPHQ	Buy	Invesco S&P 500 High Q(sphq)etf	$298,000	+25.2%	7,702	+14.6%	0.18%	+21.5%
AMZN	Buy	Amazon.Com Inc (amzn)	$268,000	+27.6%	85	+11.8%	0.16%	+23.6%
PEP	Buy	Pepsico Inc (pep)	$261,000	+7.0%	1,883	+2.1%	0.15%	+4.1%
WMT	Sell	Wal-Mart Stores Inc (wmt)	$254,000	+16.0%	1,817	-0.6%	0.15%	+12.9%
SHG	Sell	Shinhan Finl Grp Ltd Sp Adr (s	$252,000	-8.7%	10,981	-4.4%	0.15%	-11.4%
WIT	Sell	Wipro Ltd-ADR (wit)	$251,000	+36.4%	53,313	-4.0%	0.15%	+32.4%
HD	Sell	Home Depot Inc (hd)	$237,000	+4.9%	853	-5.3%	0.14%	+2.2%
OMAB	Sell	Grupo Aeroportuario Cen ADR (o	$223,000	-5.1%	6,067	-4.1%	0.13%	-7.7%
VEDL	Sell	Vedanta Ltd. ADR (vedl)	$163,000	+26.4%	22,000	-4.2%	0.10%	+23.1%
BBVA	New	Banco Bilbao Argen Adr (bbva)	$128,000	–	46,765	–	0.08%	–
PBR	Sell	Petroleo Brasileiro ADR (pbr)	$115,000	-17.9%	16,137	-4.5%	0.07%	-21.2%
BDORY	Sell	Banco do Brasil SA Spon ADR (b	$113,000	-11.7%	20,999	-4.0%	0.07%	-14.3%
BMYRT	Sell	Bristol-Myers Squibb-CVRright	$81,000	-40.0%	36,002	-4.3%	0.05%	-41.5%
YPF	Sell	YPF SA (ypf)	$80,000	-40.7%	22,485	-4.2%	0.05%	-42.7%
BRFS	Sell	BRF SA-ADR (brfs)	$77,000	-20.6%	23,559	-4.0%	0.04%	-23.7%
GIM	Sell	Templeton Global Incm Fd (gim)etf	$65,000	-5.8%	12,058	-5.8%	0.04%	-9.5%
DNRCQ	Exit	Denbury Resources (dnr)	$0	–	-25,000	–	-0.00%	–
SMRTQ	Exit	Stein Mart Inc (smrt)	$0	–	-72,024	–	-0.02%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$18,566,000	–	50,895	–	11.21%	–
MSFT	New	Microsoft Corp (msft)	$14,762,000	–	72,539	–	8.91%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$10,519,000	–	62,850	–	6.35%	–
TSM	New	Taiwan Semiconductor (tsm)	$8,422,000	–	148,358	–	5.08%	–
GPN	New	Global Pymts (gpn)	$7,225,000	–	42,595	–	4.36%	–
MRK	New	Merck & Co (mrk)	$6,886,000	–	89,045	–	4.16%	–
INTC	New	Intel Corp (intc)	$5,538,000	–	92,566	–	3.34%	–
GILD	New	Gilead Sciences Inc (gild)	$5,079,000	–	66,010	–	3.07%	–
C	New	Citigroup Inc (c)	$5,000,000	–	97,843	–	3.02%	–
APTV	New	Aptiv (aptv)	$4,762,000	–	61,118	–	2.88%	–
IBN	New	Icici Bank (ibn)	$4,291,000	–	461,899	–	2.59%	–
ECL	New	Ecolab Inc (ecl)	$4,097,000	–	20,594	–	2.47%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$4,016,000	–	42,700	–	2.42%	–
MDT	New	Medtronic Plc (mdt)	$4,004,000	–	43,663	–	2.42%	–
NKE	New	Nike Inc -Cl B (nke)	$3,608,000	–	36,799	–	2.18%	–
REGN	New	Regeneron Pharmaceuticals (reg	$3,482,000	–	5,584	–	2.10%	–
BMY	New	Bristol-Myers Squibb Co (bmy)	$3,277,000	–	55,724	–	1.98%	–
IBM	New	Intl Business Machines Corp (i	$3,233,000	–	26,768	–	1.95%	–
LFC	New	China Life Insurance (lfc)	$2,785,000	–	276,037	–	1.68%	–
DISCA	New	Discovery Inc - A (disca)	$2,695,000	–	127,704	–	1.63%	–
WDC	New	Western Digital (wdc)	$2,636,000	–	59,716	–	1.59%	–
MYL	New	Mylan Labs Inc (myl)	$2,609,000	–	162,276	–	1.58%	–
RDSA	New	Royal Dutch Shell (rdsa)	$2,403,000	–	73,500	–	1.45%	–
CSX	New	Csx Corp (csx)	$2,214,000	–	31,741	–	1.34%	–
TTE	New	Total S A (tot)	$2,145,000	–	55,775	–	1.30%	–
CG	New	The Carlyle Group Inc (cg)	$2,080,000	–	74,548	–	1.26%	–
BRKA	New	Berkshire Hathaway (brka)	$1,871,000	–	7	–	1.13%	–
AMT	New	American Tower Corp (amt)	$1,834,000	–	7,094	–	1.11%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,591,000	–	72,737	–	0.96%	–
IAU	New	Ishares Gold Trust (iau)	$1,496,000	–	88,027	–	0.90%	–
SU	New	Suncor Energy (su)	$1,401,000	–	83,102	–	0.85%	–
CHT	New	Chunghwa Telecm (cht)	$1,311,000	–	33,298	–	0.79%	–
BAC	New	Bank Of America Corp (bac)	$1,048,000	–	44,121	–	0.63%	–
KO	New	Coca-Cola Co/The (ko)	$948,000	–	21,214	–	0.57%	–
CSCO	New	Cisco Systems Inc (csco)	$931,000	–	19,951	–	0.56%	–
T	New	At&T Inc (t)	$918,000	–	30,375	–	0.55%	–
CVS	New	Cvs Health Corp (cvs)	$899,000	–	13,836	–	0.54%	–
XOM	New	Exxon Mobil Corp (xom)	$831,000	–	18,585	–	0.50%	–
EPD	New	Enterprise Prod Ptnrs LP (epd)	$701,000	–	38,600	–	0.42%	–
DIS	New	Walt Disney Co/The (dis)	$659,000	–	5,907	–	0.40%	–
FNV	New	Franco Nevada Corp (fnv)	$586,000	–	4,200	–	0.35%	–
BTI	New	British American Tob (bti)	$577,000	–	14,872	–	0.35%	–
SNY	New	Sanofi-Aventis (sny)	$541,000	–	10,589	–	0.33%	–
CAH	New	Cardinal Health Inc (cah)	$527,000	–	10,105	–	0.32%	–
AES	New	AES Corp (aes)	$525,000	–	36,206	–	0.32%	–
JNJ	New	Johnson & Johnson (jnj)	$523,000	–	3,722	–	0.32%	–
EMR	New	Emerson Electric Co (emr)	$520,000	–	8,376	–	0.31%	–
UN	New	Unilever (un)	$519,000	–	9,752	–	0.31%	–
TFC	New	Truist Financial Corp (tfc)	$495,000	–	13,179	–	0.30%	–
CQQQ	New	Invesco ETF TR II China Tech (etf	$463,000	–	7,292	–	0.28%	–
IVW	New	Ishares S&P 500 Growth (ivw)etf	$439,000	–	2,117	–	0.26%	–
GD	New	General Dynamics (gd)	$421,000	–	2,820	–	0.25%	–
NVDA	New	Nvidia Corp (nvda)	$415,000	–	1,092	–	0.25%	–
VEOEY	New	Veolia Environment - ADR (veoe	$407,000	–	18,119	–	0.25%	–
WMB	New	Williams Co (wmb)	$402,000	–	21,130	–	0.24%	–
LVS	New	Las Vegas Sands (lvs)	$392,000	–	8,613	–	0.24%	–
BRKB	New	Berkshire Hathaway (brk/b)	$378,000	–	2,118	–	0.23%	–
FMC	New	FMC (fmc)	$354,000	–	3,550	–	0.21%	–
CTVA	New	Corteva Inc (ctva)	$321,000	–	12,000	–	0.19%	–
SYY	New	Sysco Corp (syy)	$321,000	–	5,872	–	0.19%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$276,000	–	11,481	–	0.17%	–
RDY	New	Dr Reddys Labs (rdy)	$273,000	–	5,152	–	0.16%	–
PEP	New	Pepsico Inc (pep)	$244,000	–	1,845	–	0.15%	–
SPHQ	New	Invesco S&P 500 High Q(sphq)etf	$238,000	–	6,723	–	0.14%	–
OMAB	New	Grupo Aeroportuario Cen ADR (o	$235,000	–	6,327	–	0.14%	–
TRMK	New	Trustmark (trmk)	$234,000	–	9,542	–	0.14%	–
HD	New	Home Depot Inc (hd)	$226,000	–	901	–	0.14%	–
WMT	New	Wal-Mart Stores Inc (wmt)	$219,000	–	1,828	–	0.13%	–
AMZN	New	Amazon.Com Inc (amzn)	$210,000	–	76	–	0.13%	–
VTI	New	Vanguard Total Stock Mkt ETF (etf	$204,000	–	1,306	–	0.12%	–
COG	New	Cabot Oil & Gas (cog)	$189,000	–	11,000	–	0.11%	–
WIT	New	Wipro Ltd-ADR (wit)	$184,000	–	55,555	–	0.11%	–
PAA	New	Pipeline (paa)	$142,000	–	16,020	–	0.09%	–
PBR	New	Petroleo Brasileiro ADR (pbr)	$140,000	–	16,900	–	0.08%	–
BMYRT	New	Bristol-Myers Squibb-CVRright	$135,000	–	37,627	–	0.08%	–
YPF	New	YPF SA (ypf)	$135,000	–	23,461	–	0.08%	–
VEDL	New	Vedanta Ltd. ADR (vedl)	$129,000	–	22,959	–	0.08%	–
BDORY	New	Banco do Brasil SA Spon ADR (b	$128,000	–	21,875	–	0.08%	–
BRFS	New	BRF SA-ADR (brfs)	$97,000	–	24,544	–	0.06%	–
GIM	New	Templeton Global Incm Fd (gim)etf	$69,000	–	12,800	–	0.04%	–
SMRTQ	New	Stein Mart Inc (smrt)	$30,000	–	72,024	–	0.02%	–
DNRCQ	New	Denbury Resources (dnr)	$7,000	–	25,000	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
DNRCQ	Exit	Denbury Resources (dnr)	$0	–	-25,000	–	-0.02%	–
SMRTQ	Exit	Stein Mart Inc (smrt)	$0	–	-72,024	–	-0.04%	–
COG	Exit	Cabot Oil & Gas (cog)	$0	–	-11,000	–	-0.13%	–
VTI	Exit	Vanguard Total Stock Mkt ETF (etf	$0	–	-1,345	–	-0.14%	–
HD	Exit	Home Depot Inc (hd)	$0	–	-882	–	-0.14%	–
YPF	Exit	YPF SA (ypf)	$0	–	-23,062	–	-0.14%	–
WMT	Exit	Wal-Mart Stores Inc (wmt)	$0	–	-1,832	–	-0.15%	–
PAA	Exit	Pipeline (paa)	$0	–	-10,500	–	-0.15%	–
SPHQ	Exit	Invesco S&P 500 High Q(sphq)etf	$0	–	-6,870	–	-0.16%	–
WMB	Exit	Williams Co (wmb)	$0	–	-11,157	–	-0.18%	–
PEP	Exit	Pepsico Inc (pep)	$0	–	-1,965	–	-0.18%	–
OMAB	Exit	Grupo Aeroportuario Cen ADR (o	$0	–	-6,194	–	-0.20%	–
NVDA	Exit	Nvidia Corp (nvda)	$0	–	-1,856	–	-0.22%	–
EEM	Exit	Ishares MSCI Emrg Mkt Fd (eem)etf	$0	–	-7,925	–	-0.22%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.22%	–
LVS	Exit	Las Vegas Sands (lvs)	$0	–	-5,743	–	-0.22%	–
FXI	Exit	Ishares China (fxi)etf	$0	–	-8,485	–	-0.23%	–
CQQQ	Exit	Invesco ETF TR II China Tech (etf	$0	–	-7,493	–	-0.23%	–
DIS	Exit	Walt Disney Co/The (dis)	$0	–	-2,788	–	-0.24%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-8,110	–	-0.25%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-11,211	–	-0.26%	–
IVW	Exit	Ishares S&P 500 Growth (ivw)etf	$0	–	-2,237	–	-0.27%	–
BRKB	Exit	Berkshire Hathaway (brk/b)	$0	–	-2,027	–	-0.28%	–
BTI	Exit	British American Tob (bti)	$0	–	-14,883	–	-0.37%	–
BMY	Exit	Bristol-Myers Squibb Co (bmy)	$0	–	-11,257	–	-0.38%	–
BBT	Exit	BB&T (bbt)	$0	–	-10,950	–	-0.39%	–
CHL	Exit	China Mobile Ltd (chl)	$0	–	-15,838	–	-0.44%	–
BX	Exit	Blackstone Grp (bx)	$0	–	-13,503	–	-0.44%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-155,562	–	-0.54%	–
EMR	Exit	Emerson Electric Co (emr)	$0	–	-12,210	–	-0.55%	–
BAC	Exit	Bank Of America Corp (bac)	$0	–	-28,581	–	-0.56%	–
CVS	Exit	Cvs Health Corp (cvs)	$0	–	-13,382	–	-0.57%	–
CSCO	Exit	Cisco Systems Inc (csco)	$0	–	-19,954	–	-0.66%	–
EPD	Exit	Enterprise Prod Ptnrs LP (epd)	$0	–	-35,318	–	-0.68%	–
T	Exit	At&T Inc (t)	$0	–	-26,741	–	-0.68%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-14,544	–	-0.69%	–
BKLN	Exit	Invesco Senior Loan (bkln)etf	$0	–	-48,595	–	-0.74%	–
KO	Exit	Coca-Cola Co/The (ko)	$0	–	-21,245	–	-0.78%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-32,768	–	-0.79%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-89,569	–	-0.85%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-1.04%	–
IBM	Exit	Intl Business Machines Corp (i	$0	–	-10,732	–	-1.05%	–
CG	Exit	The Carlyle Group (cg)	$0	–	-68,795	–	-1.18%	–
CSX	Exit	Csx Corp (csx)	$0	–	-28,967	–	-1.35%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-67,659	–	-1.37%	–
COP	Exit	Conoco Phillips (cop)	$0	–	-36,224	–	-1.39%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-7	–	-1.47%	–
SU	Exit	Suncor Energy (su)	$0	–	-87,520	–	-1.86%	–
HSBC	Exit	HSBC Holdings (hsbc)	$0	–	-74,162	–	-1.91%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-249,473	–	-1.94%	–
WDC	Exit	Western Digital (wdc)	$0	–	-51,445	–	-2.07%	–
NKE	Exit	Nike Inc -Cl B (nke)	$0	–	-32,802	–	-2.07%	–
DISCA	Exit	Discovery Inc - A (disca)	$0	–	-121,206	–	-2.17%	–
GILD	Exit	Gilead Sciences Inc (gild)	$0	–	-58,306	–	-2.49%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-19,013	–	-2.54%	–
CELG	Exit	Celgene Corp (celg)	$0	–	-38,486	–	-2.57%	–
RDSA	Exit	Royal Dutch Shell (rdsa)	$0	–	-68,086	–	-2.70%	–
INTC	Exit	Intel Corp (intc)	$0	–	-80,423	–	-2.79%	–
MDT	Exit	Medtronic Plc (mdt)	$0	–	-39,413	–	-2.88%	–
JPM	Exit	Jpmorgan Chase & Co (jpm)	$0	–	-40,193	–	-3.18%	–
APTV	Exit	Aptiv (aptv)	$0	–	-54,224	–	-3.19%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-443,031	–	-3.63%	–
C	Exit	Citigroup Inc (c)	$0	–	-90,307	–	-4.20%	–
GPN	Exit	Global Pymts (gpn)	$0	–	-39,803	–	-4.26%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-46,308	–	-4.33%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-138,663	–	-4.34%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-83,448	–	-4.73%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-86,407	–	-8.09%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-58,370	–	-8.80%	–

Q3 2019

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Inc (aapl)	$13,073,000	+9.4%	58,370	-3.3%	8.80%	+7.0%
MSFT	Sell	Microsoft Corp (msft)	$12,013,000	-4.7%	86,407	-8.2%	8.09%	-6.8%
MRK	Sell	Merck & Co (mrk)	$7,025,000	-0.4%	83,448	-0.8%	4.73%	-2.6%
TSM	Buy	Taiwan Semiconductor (tsm)	$6,445,000	+18.9%	138,663	+0.2%	4.34%	+16.2%
GLD	Buy	Spdr Gold Tr Spdr (gld)	$6,431,000	+4.4%	46,308	+0.1%	4.33%	+2.1%
GPN	New	Global Pymts (gpn)	$6,329,000	–	39,803	–	4.26%	–
C	Buy	Citigroup Inc (c)	$6,238,000	-1.1%	90,307	+0.3%	4.20%	-3.3%
IBN	Buy	Icici Bank (ibn)	$5,396,000	-3.0%	443,031	+0.3%	3.63%	-5.1%
APTV	Sell	Aptiv (aptv)	$4,740,000	+2.9%	54,224	-4.9%	3.19%	+0.6%
JPM	Buy	Jpmorgan Chase & Co (jpm)	$4,730,000	+5.6%	40,193	+0.3%	3.18%	+3.3%
MDT	Sell	Medtronic Plc (mdt)	$4,281,000	+9.7%	39,413	-1.6%	2.88%	+7.3%
INTC	Sell	Intel Corp (intc)	$4,144,000	+1.9%	80,423	-5.4%	2.79%	-0.4%
RDSA	Buy	Royal Dutch Shell (rdsa)	$4,007,000	+546.3%	68,086	+614.5%	2.70%	+531.9%
CELG	Buy	Celgene Corp (celg)	$3,822,000	+7.8%	38,486	+0.4%	2.57%	+5.4%
ECL	Buy	Ecolab Inc (ecl)	$3,765,000	+0.7%	19,013	+0.4%	2.54%	-1.6%
GILD	Sell	Gilead Sciences Inc (gild)	$3,695,000	-6.6%	58,306	-0.4%	2.49%	-8.6%
DISCA	New	Discovery Inc - A (disca)	$3,228,000	–	121,206	–	2.17%	–
NKE	Sell	Nike Inc -Cl B (nke)	$3,081,000	+11.9%	32,802	-0.0%	2.07%	+9.4%
WDC	Buy	Western Digital (wdc)	$3,068,000	+25.9%	51,445	+0.4%	2.07%	+23.1%
LFC	Sell	China Life Insurance (lfc)	$2,874,000	-7.4%	249,473	-0.5%	1.94%	-9.5%
HSBC	Sell	HSBC Holdings (hsbc)	$2,838,000	-10.3%	74,162	-2.1%	1.91%	-12.3%
SU	Sell	Suncor Energy (su)	$2,764,000	+0.9%	87,520	-0.4%	1.86%	-1.3%
COP	Buy	Conoco Phillips (cop)	$2,064,000	-6.2%	36,224	+0.4%	1.39%	-8.3%
TLK	Buy	Telekomunik Indonesia (tlk)	$2,037,000	+3.3%	67,659	+0.3%	1.37%	+1.0%
CSX	Buy	Csx Corp (csx)	$2,007,000	-10.2%	28,967	+0.3%	1.35%	-12.2%
CG	Buy	The Carlyle Group (cg)	$1,758,000	+13.4%	68,795	+0.3%	1.18%	+11.0%
IBM	Sell	Intl Business Machines Corp (i	$1,561,000	+4.4%	10,732	-1.0%	1.05%	+2.1%
CHT	Sell	Chunghwa Telecm (cht)	$1,169,000	-2.8%	32,768	-0.4%	0.79%	-5.0%
KO	Sell	Coca-Cola Co/The (ko)	$1,157,000	-1.3%	21,245	-7.7%	0.78%	-3.5%
BKLN	Sell	Invesco Senior Loan (bkln)etf	$1,098,000	-2.1%	48,595	-1.8%	0.74%	-4.3%
XOM	Sell	Exxon Mobil Corp (xom)	$1,027,000	-11.5%	14,544	-3.9%	0.69%	-13.5%
T	Buy	At&T Inc (t)	$1,012,000	+20.5%	26,741	+6.6%	0.68%	+17.8%
EPD	Sell	Enterprise Prod Ptnrs LP (epd)	$1,009,000	-4.8%	35,318	-3.8%	0.68%	-7.0%
CSCO	Buy	Cisco Systems Inc (csco)	$986,000	-0.9%	19,954	+9.8%	0.66%	-3.1%
CVS	Buy	Cvs Health Corp (cvs)	$844,000	+58.6%	13,382	+37.0%	0.57%	+55.2%
BAC	Buy	Bank Of America Corp (bac)	$834,000	+18.8%	28,581	+18.0%	0.56%	+16.4%
EMR	Buy	Emerson Electric Co (emr)	$816,000	+6.2%	12,210	+6.1%	0.55%	+3.8%
BBVA	Buy	Banco Bilbao Argen Adr (bbva)	$809,000	-6.5%	155,562	+0.0%	0.54%	-8.6%
BX	New	Blackstone Grp (bx)	$659,000	–	13,503	–	0.44%	–
CHL	Sell	China Mobile Ltd (chl)	$656,000	-10.7%	15,838	-2.5%	0.44%	-12.6%
BBT	New	BB&T (bbt)	$584,000	–	10,950	–	0.39%	–
BMY	Sell	Bristol-Myers Squibb Co (bmy)	$571,000	+7.7%	11,257	-3.7%	0.38%	+5.2%
BTI	New	British American Tob (bti)	$549,000	–	14,883	–	0.37%	–
SNY	Sell	Sanofi-Aventis (sny)	$376,000	+0.8%	8,110	-6.0%	0.25%	-1.6%
LVS	New	Las Vegas Sands (lvs)	$332,000	–	5,743	–	0.22%	–
NVDA	Sell	Nvidia Corp (nvda)	$323,000	-4.4%	1,856	-9.7%	0.22%	-6.9%
OMAB	New	Grupo Aeroportuario Cen ADR (o	$295,000	–	6,194	–	0.20%	–
WMB	Sell	Williams Co (wmb)	$268,000	-19.0%	11,157	-5.5%	0.18%	-21.1%
SPHQ	Sell	Invesco S&P 500 High Q(sphq)etf	$230,000	-0.4%	6,870	-1.3%	0.16%	-2.5%
PAA	New	Pipeline (paa)	$218,000	–	10,500	–	0.15%	–
HD	New	Home Depot Inc (hd)	$205,000	–	882	–	0.14%	–
VTI	New	Vanguard Total Stock Mkt ETF (etf	$203,000	–	1,345	–	0.14%	–
COG	Sell	Cabot Oil & Gas (cog)	$193,000	-91.6%	11,000	-89.1%	0.13%	-91.8%
IYJ	Exit	Ishares Industrials (iyj)etf	$0	–	-1,510	–	-0.16%	–
TAP	Exit	Molson Coors Brewing Co (tap)	$0	–	-5,037	–	-0.19%	–
AA	Exit	Alcoa Corp(aa)	$0	–	-29,808	–	-0.48%	–
WFC	Exit	Wells Fargo (wfc)	$0	–	-15,116	–	-0.49%	–
ELY	Exit	Callaway Golf (ely)	$0	–	-100,126	–	-1.18%	–
TPR	Exit	Tapestry Inc (tpr)	$0	–	-111,530	–	-2.44%	–
TSS	Exit	Total System Services (tss)	$0	–	-49,019	–	-4.33%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp (msft)	$12,602,000	–	94,076	–	8.68%	–
AAPL	New	Apple Inc (aapl)	$11,952,000	–	60,388	–	8.23%	–
MRK	New	Merck & Co (mrk)	$7,050,000	–	84,082	–	4.86%	–
C	New	Citigroup Inc (c)	$6,306,000	–	90,050	–	4.34%	–
TSS	New	Total System Services (tss)	$6,288,000	–	49,019	–	4.33%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$6,159,000	–	46,240	–	4.24%	–
IBN	New	Icici Bank (ibn)	$5,562,000	–	441,809	–	3.83%	–
TSM	New	Taiwan Semiconductor (tsm)	$5,422,000	–	138,411	–	3.73%	–
APTV	New	Aptiv (aptv)	$4,607,000	–	57,002	–	3.17%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$4,479,000	–	40,067	–	3.08%	–
INTC	New	Intel Corp (intc)	$4,068,000	–	84,974	–	2.80%	–
GILD	New	Gilead Sciences Inc (gild)	$3,955,000	–	58,541	–	2.72%	–
MDT	New	Medtronic Plc (mdt)	$3,902,000	–	40,066	–	2.69%	–
ECL	New	Ecolab Inc (ecl)	$3,739,000	–	18,939	–	2.58%	–
CELG	New	Celgene Corp (celg)	$3,545,000	–	38,345	–	2.44%	–
TPR	New	Tapestry Inc (tpr)	$3,539,000	–	111,530	–	2.44%	–
HSBC	New	HSBC Holdings (hsbc)	$3,163,000	–	75,768	–	2.18%	–
LFC	New	China Life Insurance (lfc)	$3,103,000	–	250,848	–	2.14%	–
NKE	New	Nike Inc -Cl B (nke)	$2,754,000	–	32,803	–	1.90%	–
SU	New	Suncor Energy (su)	$2,739,000	–	87,893	–	1.89%	–
WDC	New	Western Digital (wdc)	$2,437,000	–	51,248	–	1.68%	–
COG	New	Cabot Oil & Gas (cog)	$2,308,000	–	100,504	–	1.59%	–
CSX	New	Csx Corp (csx)	$2,235,000	–	28,884	–	1.54%	–
BRKA	New	Berkshire Hathaway (brka)	$2,228,000	–	7	–	1.53%	–
COP	New	Conoco Phillips (cop)	$2,201,000	–	36,088	–	1.52%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,972,000	–	67,439	–	1.36%	–
ELY	New	Callaway Golf (ely)	$1,718,000	–	100,126	–	1.18%	–
CG	New	The Carlyle Group (cg)	$1,550,000	–	68,571	–	1.07%	–
IBM	New	Intl Business Machines Corp (i	$1,495,000	–	10,838	–	1.03%	–
AMT	New	American Tower (amt)	$1,431,000	–	7,000	–	0.98%	–
IAU	New	Ishares Gold Trust (iau)	$1,209,000	–	89,569	–	0.83%	–
CHT	New	Chunghwa Telecm (cht)	$1,203,000	–	32,915	–	0.83%	–
KO	New	Coca-Cola Co/The (ko)	$1,172,000	–	23,024	–	0.81%	–
XOM	New	Exxon Mobil Corp (xom)	$1,160,000	–	15,138	–	0.80%	–
BKLN	New	Invesco Senior Loan (bkln)etf	$1,121,000	–	49,465	–	0.77%	–
EPD	New	Enterprise Prod Ptnrs LP (epd)	$1,060,000	–	36,707	–	0.73%	–
CSCO	New	Cisco Systems Inc (csco)	$995,000	–	18,177	–	0.68%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$865,000	–	155,546	–	0.60%	–
T	New	At&T Inc (t)	$840,000	–	25,080	–	0.58%	–
EMR	New	Emerson Electric Co (emr)	$768,000	–	11,509	–	0.53%	–
CHL	New	China Mobile Ltd (chl)	$735,000	–	16,236	–	0.51%	–
WFC	New	Wells Fargo (wfc)	$715,000	–	15,116	–	0.49%	–
BAC	New	Bank Of America Corp (bac)	$702,000	–	24,216	–	0.48%	–
AA	New	Alcoa Corp(aa)	$698,000	–	29,808	–	0.48%	–
RDSA	New	Royal Dutch Shell (rdsa)	$620,000	–	9,529	–	0.43%	–
CVS	New	Cvs Health Corp (cvs)	$532,000	–	9,770	–	0.37%	–
BMY	New	Bristol-Myers Squibb Co (bmy)	$530,000	–	11,690	–	0.36%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$436,000	–	11,211	–	0.30%	–
BRKB	New	Berkshire Hathaway (brk/b)	$432,000	–	2,027	–	0.30%	–
YPF	New	YPF SA (ypf)	$420,000	–	23,062	–	0.29%	–
IVW	New	Ishares S&P 500 Growth (ivw)etf	$401,000	–	2,237	–	0.28%	–
DIS	New	Walt Disney Co/The (dis)	$389,000	–	2,788	–	0.27%	–
SNY	New	Sanofi-Aventis (sny)	$373,000	–	8,626	–	0.26%	–
FXI	New	Ishares China (fxi)etf	$363,000	–	8,485	–	0.25%	–
CQQQ	New	Invesco ETF TR II China Tech (etf	$340,000	–	7,493	–	0.23%	–
EEM	New	Ishares MSCI Emrg Mkt Fd (eem)etf	$340,000	–	7,925	–	0.23%	–
NVDA	New	Nvidia Corp (nvda)	$338,000	–	2,056	–	0.23%	–
WMB	New	Williams Co (wmb)	$331,000	–	11,801	–	0.23%	–
TRMK	New	Trustmark (trmk)	$317,000	–	9,542	–	0.22%	–
TAP	New	Molson Coors Brewing Co (tap)	$282,000	–	5,037	–	0.19%	–
PEP	New	Pepsico Inc (pep)	$258,000	–	1,965	–	0.18%	–
IYJ	New	Ishares Industrials (iyj)etf	$239,000	–	1,510	–	0.16%	–
SPHQ	New	Invesco S&P 500 High Q(sphq)etf	$231,000	–	6,960	–	0.16%	–
WMT	New	Wal-Mart Stores Inc (wmt)	$202,000	–	1,832	–	0.14%	–
SMRTQ	New	Stein Mart Inc (smrt)	$62,000	–	72,024	–	0.04%	–
DNRCQ	New	Denbury Resources (dnr)	$31,000	–	25,000	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	Northern Power Sys Cl B	$0	–	-62,979	–	0.00%	–
	Exit	Northern Pwr Sys (nrthf)	$0	–	-23,599	–	0.00%	–
SMRTQ	Exit	Stein Mart Inc (smrt)	$0	–	-72,024	–	-0.09%	–
BHC	Exit	Bausch Health Cos (bhc)	$0	–	-8,200	–	-0.12%	–
	Exit	Bayer AG-REG (bayzf)	$0	–	-2,569	–	-0.13%	–
SLB	Exit	Schlumberger Ltd (slb)	$0	–	-3,883	–	-0.13%	–
PEP	Exit	Pepsico Inc (pep)	$0	–	-2,195	–	-0.14%	–
PYPL	Exit	Paypal Holdings Inc (pypl)	$0	–	-3,164	–	-0.15%	–
GE	Exit	General Electric (ge)	$0	–	-27,355	–	-0.17%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.18%	–
NUE	Exit	Nucor (nue)	$0	–	-5,300	–	-0.19%	–
TAP	Exit	Molson Coors Brewing Co (tap)	$0	–	-5,636	–	-0.19%	–
WMB	Exit	Williams Co (wmb)	$0	–	-13,403	–	-0.20%	–
FB	Exit	Facebook Inc-A (fb)	$0	–	-2,622	–	-0.24%	–
ORCL	Exit	Oracle Corp (orcl)	$0	–	-8,860	–	-0.25%	–
YPF	Exit	YPF SA (ypf)	$0	–	-29,888	–	-0.26%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-14,543	–	-0.32%	–
BAC	Exit	Bank Of America Corp (bac)	$0	–	-20,216	–	-0.33%	–
BX	Exit	Blackstone Grp (bx)	$0	–	-17,215	–	-0.36%	–
DLPH	Exit	Delphi Technologies (dlph)	$0	–	-21,735	–	-0.38%	–
RDSA	Exit	Royal Dutch Shell (rdsa)	$0	–	-10,879	–	-0.41%	–
BRKB	Exit	Berkshire Hathaway (brk/b)	$0	–	-3,595	–	-0.43%	–
	Exit	Land & Houses Pub Co (ldxhf)	$0	–	-2,359,262	–	-0.46%	–
EPD	Exit	Enterprise Prod Ptnrs LP (epd)	$0	–	-32,241	–	-0.51%	–
T	Exit	At&T Inc (t)	$0	–	-27,909	–	-0.52%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-153,503	–	-0.54%	–
WFC	Exit	Wells Fargo (wfc)	$0	–	-18,509	–	-0.54%	–
ABB	Exit	ABB Ltd (abb)	$0	–	-41,903	–	-0.55%	–
CSCO	Exit	Cisco Systems Inc (csco)	$0	–	-20,704	–	-0.56%	–
CHL	Exit	China Mobile Ltd (chl)	$0	–	-20,722	–	-0.56%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-0.56%	–
EMR	Exit	Emerson Electric Co (emr)	$0	–	-14,352	–	-0.61%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-106,640	–	-0.68%	–
	Exit	Singapore Tele (sngnf)	$0	–	-524,267	–	-0.69%	–
KO	Exit	Coca-Cola Co/The (ko)	$0	–	-27,081	–	-0.69%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-15,373	–	-0.72%	–
	Exit	Capitamall Trust (cpamf)	$0	–	-810,998	–	-0.73%	–
AA	Exit	Alcoa (aa)	$0	–	-33,361	–	-0.75%	–
TPX	Exit	Tempur Sealy International (tp	$0	–	-26,707	–	-0.78%	–
X	Exit	US Steel Corp (x)	$0	–	-49,912	–	-0.84%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-43,303	–	-0.86%	–
IP	Exit	International Paper Co (ip)	$0	–	-32,938	–	-0.90%	–
CG	Exit	The Carlyle Group (cg)	$0	–	-75,672	–	-0.94%	–
PFE	Exit	Pfizer Inc (pfe)	$0	–	-40,535	–	-0.99%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-75,913	–	-1.03%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-7	–	-1.24%	–
BGGSQ	Exit	Briggs & Stratton (bgg)	$0	–	-117,773	–	-1.25%	–
CSX	Exit	Csx Corp (csx)	$0	–	-31,912	–	-1.31%	–
COG	Exit	Cabot Oil & Gas (cog)	$0	–	-108,904	–	-1.36%	–
ELY	Exit	Callaway Golf (ely)	$0	–	-107,134	–	-1.44%	–
	Exit	Metro Bk & Tr (mtpof)	$0	–	-2,178,152	–	-1.50%	–
COP	Exit	Conoco Phillips (cop)	$0	–	-38,691	–	-1.66%	–
NKE	Exit	Nike Inc -Cl B (nke)	$0	–	-37,643	–	-1.77%	–
BIIB	Exit	Biogen Inc (biib)	$0	–	-9,034	–	-1.77%	–
WDC	Exit	Western Digital (wdc)	$0	–	-55,960	–	-1.81%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-288,091	–	-1.82%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-22,133	–	-1.92%	–
HSBC	Exit	HSBC Holdings (hsbc)	$0	–	-88,859	–	-2.16%	–
SU	Exit	Suncor Energy (su)	$0	–	-104,066	–	-2.23%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-490,126	–	-2.30%	–
GILD	Exit	Gilead Sciences Inc (gild)	$0	–	-54,466	–	-2.33%	–
MDT	Exit	Medtronic Plc (mdt)	$0	–	-44,777	–	-2.44%	–
INTC	Exit	Intel Corp (intc)	$0	–	-98,335	–	-2.58%	–
IBM	Exit	Intl Business Machines Corp (i	$0	–	-31,713	–	-2.66%	–
JPM	Exit	Jpmorgan Chase & Co (jpm)	$0	–	-42,926	–	-2.68%	–
AMGN	Exit	Amgen Inc (amgn)	$0	–	-25,636	–	-2.94%	–
TSS	Exit	Total System Services (tss)	$0	–	-54,083	–	-2.96%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-48,262	–	-3.02%	–
APTV	Exit	Aptiv (aptv)	$0	–	-66,635	–	-3.10%	–
TPR	Exit	Tapestry Inc (tpr)	$0	–	-124,289	–	-3.46%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-150,957	–	-3.69%	–
C	Exit	Citigroup Inc (c)	$0	–	-96,686	–	-3.84%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-98,815	–	-3.88%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-98,018	–	-6.21%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-63,967	–	-8.00%	–

Q3 2018

			Value		Shares		↓ Weighting
AAPL	Buy	Apple Inc (aapl)	$14,439,000	+22.2%	63,967	+0.2%	8.00%	+16.1%
MSFT	Buy	Microsoft Corp (msft)	$11,210,000	+16.7%	98,018	+0.6%	6.21%	+10.8%
MRK	Sell	Merck & Co (mrk)	$7,009,000	+16.6%	98,815	-0.2%	3.88%	+10.8%
C	Buy	Citigroup Inc (c)	$6,936,000	+8.3%	96,686	+1.0%	3.84%	+2.8%
TSM	Sell	Taiwan Semiconductor (tsm)	$6,666,000	+20.7%	150,957	-0.1%	3.69%	+14.6%
TPR	Sell	Tapestry Inc (tpr)	$6,248,000	+7.6%	124,289	-0.1%	3.46%	+2.1%
APTV	Buy	Aptiv (aptv)	$5,590,000	-8.1%	66,635	+0.3%	3.10%	-12.8%
GLD	Buy	Spdr Gold Tr Spdr (gld)	$5,442,000	-4.7%	48,262	+0.3%	3.02%	-9.5%
TSS	Sell	Total System Services (tss)	$5,340,000	+16.8%	54,083	-0.1%	2.96%	+10.9%
AMGN	Buy	Amgen Inc (amgn)	$5,314,000	+12.5%	25,636	+0.2%	2.94%	+6.8%
JPM	Buy	Jpmorgan Chase & Co (jpm)	$4,843,000	+8.5%	42,926	+0.2%	2.68%	+3.1%
IBM	Sell	Intl Business Machines Corp (i	$4,795,000	+6.7%	31,713	-1.4%	2.66%	+1.3%
INTC	Buy	Intel Corp (intc)	$4,650,000	-4.0%	98,335	+0.9%	2.58%	-8.9%
MDT	Sell	Medtronic Plc (mdt)	$4,404,000	+14.4%	44,777	-0.4%	2.44%	+8.6%
GILD	Sell	Gilead Sciences Inc (gild)	$4,205,000	+8.6%	54,466	-0.4%	2.33%	+3.1%
IBN	Buy	Icici Bank (ibn)	$4,161,000	+6.2%	490,126	+0.4%	2.30%	+0.8%
SU	Sell	Suncor Energy (su)	$4,026,000	-5.1%	104,066	-0.2%	2.23%	-9.9%
HSBC	Sell	HSBC Holdings (hsbc)	$3,908,000	-9.6%	88,859	-3.2%	2.16%	-14.2%
ECL	Buy	Ecolab Inc (ecl)	$3,470,000	+12.3%	22,133	+0.5%	1.92%	+6.6%
LFC	Sell	China Life Insurance (lfc)	$3,281,000	-13.8%	288,091	-3.2%	1.82%	-18.2%
WDC	Buy	Western Digital (wdc)	$3,275,000	+27.3%	55,960	+68.3%	1.81%	+20.9%
BIIB	Sell	Biogen Inc (biib)	$3,191,000	+14.0%	9,034	-6.3%	1.77%	+8.3%
NKE	Sell	Nike Inc -Cl B (nke)	$3,189,000	-21.6%	37,643	-26.3%	1.77%	-25.6%
COP	Sell	Conoco Phillips (cop)	$2,994,000	+11.0%	38,691	-0.2%	1.66%	+5.4%
	Sell	Metro Bk & Tr (mtpof)	$2,701,000	-11.6%	2,178,152	-2.0%	1.50%	-16.1%
ELY	Sell	Callaway Golf (ely)	$2,602,000	+27.7%	107,134	-0.3%	1.44%	+21.3%
COG	Sell	Cabot Oil & Gas (cog)	$2,452,000	-8.0%	108,904	-2.7%	1.36%	-12.6%
CSX	Sell	Csx Corp (csx)	$2,363,000	+15.8%	31,912	-0.3%	1.31%	+10.0%
BGGSQ	Sell	Briggs & Stratton (bgg)	$2,264,000	+5.7%	117,773	-3.2%	1.25%	+0.4%
TLK	Sell	Telekomunik Indonesia (tlk)	$1,858,000	-5.9%	75,913	-0.0%	1.03%	-10.7%
PFE	Sell	Pfizer Inc (pfe)	$1,786,000	+20.2%	40,535	-1.1%	0.99%	+14.1%
CG	Buy	The Carlyle Group (cg)	$1,706,000	+6.1%	75,672	+0.2%	0.94%	+0.7%
IP	Sell	International Paper Co (ip)	$1,618,000	-9.7%	32,938	-4.3%	0.90%	-14.3%
X	Buy	US Steel Corp (x)	$1,521,000	-12.1%	49,912	+0.2%	0.84%	-16.5%
TPX	Buy	Tempur Sealy International (tp	$1,412,000	+10.4%	26,707	+0.3%	0.78%	+4.8%
AA	Buy	Alcoa (aa)	$1,347,000	-13.6%	33,361	+0.3%	0.75%	-18.0%
XOM	Sell	Exxon Mobil Corp (xom)	$1,307,000	+1.6%	15,373	-1.1%	0.72%	-3.5%
KO	Sell	Coca-Cola Co/The (ko)	$1,250,000	+3.2%	27,081	-2.0%	0.69%	-2.1%
IAU	Sell	Ishares Gold Trust (iau)	$1,218,000	-5.9%	106,640	-1.0%	0.68%	-10.6%
EMR	Sell	Emerson Electric Co (emr)	$1,099,000	+9.7%	14,352	-1.0%	0.61%	+4.1%
CHL	Sell	China Mobile Ltd (chl)	$1,013,000	+9.6%	20,722	-0.5%	0.56%	+4.1%
CSCO	Sell	Cisco Systems Inc (csco)	$1,007,000	+12.6%	20,704	-0.4%	0.56%	+6.9%
ABB	Sell	ABB Ltd (abb)	$990,000	+1.2%	41,903	-6.8%	0.55%	-4.0%
WFC	Sell	Wells Fargo (wfc)	$972,000	-5.8%	18,509	-0.6%	0.54%	-10.6%
T	Sell	At&T Inc (t)	$937,000	+1.7%	27,909	-2.7%	0.52%	-3.4%
EPD	Sell	Enterprise Prod Ptnrs LP (epd)	$926,000	+2.4%	32,241	-1.4%	0.51%	-2.7%
RDSA	Buy	Royal Dutch Shell (rdsa)	$741,000	+1.1%	10,879	+2.7%	0.41%	-4.2%
DLPH	Sell	Delphi Technologies (dlph)	$681,000	-33.0%	21,735	-2.9%	0.38%	-36.4%
BX	Sell	Blackstone Grp (bx)	$655,000	+17.2%	17,215	-1.1%	0.36%	+11.3%
FB	Buy	Facebook Inc-A (fb)	$431,000	-4.4%	2,622	+12.9%	0.24%	-9.1%
WMB	Sell	Williams Co (wmb)	$364,000	-0.8%	13,403	-1.2%	0.20%	-5.6%
TAP	Sell	Molson Coors Brewing Co (tap)	$346,000	-22.6%	5,636	-14.4%	0.19%	-26.4%
GE	Buy	General Electric (ge)	$308,000	+14.9%	27,355	+38.9%	0.17%	+9.6%
	Buy	Bayer AG-REG (bayzf)	$227,000	+12.9%	2,569	+41.2%	0.13%	+7.7%
BHC	New	Bausch Health Cos (bhc)	$210,000	–	8,200	–	0.12%	–
SMRTQ	New	Stein Mart Inc (smrt)	$169,000	–	72,024	–	0.09%	–
WY	Exit	Weyerhaeuser Co (wy)	$0	–	-46,223	–	-0.98%	–

Q2 2018

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$11,812,000	–	63,812	–	6.89%	–
MSFT	New	Microsoft Corp (msft)	$9,606,000	–	97,423	–	5.60%	–
C	New	Citigroup Inc (c)	$6,405,000	–	95,718	–	3.74%	–
APTV	New	Aptiv (aptv)	$6,085,000	–	66,413	–	3.55%	–
MRK	New	Merck & Co (mrk)	$6,009,000	–	99,004	–	3.51%	–
TPR	New	Tapestry Inc (tpr)	$5,809,000	–	124,367	–	3.39%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$5,711,000	–	48,141	–	3.33%	–
TSM	New	Taiwan Semiconductor (tsm)	$5,525,000	–	151,127	–	3.22%	–
INTC	New	Intel Corp (intc)	$4,845,000	–	97,483	–	2.83%	–
AMGN	New	Amgen Inc (amgn)	$4,724,000	–	25,597	–	2.76%	–
TSS	New	Total System Services (tss)	$4,573,000	–	54,117	–	2.67%	–
IBM	New	Intl Business Machines Corp (i	$4,492,000	–	32,155	–	2.62%	–
JPM	New	Jpmorgan Chase & Co (jpm)	$4,462,000	–	42,828	–	2.60%	–
HSBC	New	HSBC Holdings (hsbc)	$4,325,000	–	91,767	–	2.52%	–
SU	New	Suncor Energy (su)	$4,242,000	–	104,288	–	2.48%	–
NKE	New	Nike Inc -Cl B (nke)	$4,070,000	–	51,081	–	2.38%	–
IBN	New	Icici Bank (ibn)	$3,919,000	–	488,114	–	2.29%	–
GILD	New	Gilead Sciences Inc (gild)	$3,873,000	–	54,680	–	2.26%	–
MDT	New	Medtronic Plc (mdt)	$3,849,000	–	44,962	–	2.25%	–
LFC	New	China Life Insurance (lfc)	$3,805,000	–	297,750	–	2.22%	–
ECL	New	Ecolab Inc (ecl)	$3,090,000	–	22,022	–	1.80%	–
	New	Metro Bk & Tr (mtpof)	$3,056,000	–	2,222,479	–	1.78%	–
BIIB	New	Biogen Inc (biib)	$2,799,000	–	9,644	–	1.63%	–
COP	New	Conoco Phillips (cop)	$2,698,000	–	38,754	–	1.57%	–
COG	New	Cabot Oil & Gas (cog)	$2,664,000	–	111,943	–	1.55%	–
WDC	New	Western Digital (wdc)	$2,573,000	–	33,241	–	1.50%	–
BGGSQ	New	Briggs & Stratton (bgg)	$2,141,000	–	121,620	–	1.25%	–
CSX	New	Csx Corp (csx)	$2,040,000	–	31,995	–	1.19%	–
ELY	New	Callaway Golf (ely)	$2,037,000	–	107,416	–	1.19%	–
BRKA	New	Berkshire Hathaway (brka)	$1,974,000	–	7	–	1.15%	–
TLK	New	Telekomunik Indonesia (tlk)	$1,974,000	–	75,915	–	1.15%	–
IP	New	International Paper Co (ip)	$1,792,000	–	34,422	–	1.05%	–
X	New	US Steel Corp (x)	$1,731,000	–	49,822	–	1.01%	–
WY	New	Weyerhaeuser Co (wy)	$1,685,000	–	46,223	–	0.98%	–
CG	New	The Carlyle Group (cg)	$1,608,000	–	75,529	–	0.94%	–
AA	New	Alcoa (aa)	$1,559,000	–	33,271	–	0.91%	–
CHT	New	Chunghwa Telecm (cht)	$1,555,000	–	43,303	–	0.91%	–
PFE	New	Pfizer Inc (pfe)	$1,486,000	–	40,981	–	0.87%	–
IAU	New	Ishares Gold Trust (iau)	$1,294,000	–	107,701	–	0.76%	–
XOM	New	Exxon Mobil Corp (xom)	$1,286,000	–	15,547	–	0.75%	–
TPX	New	Tempur Sealy International (tp	$1,279,000	–	26,627	–	0.75%	–
	New	Capitamall Trust (cpamf)	$1,231,000	–	810,998	–	0.72%	–
KO	New	Coca-Cola Co/The (ko)	$1,211,000	–	27,625	–	0.71%	–
	New	Singapore Tele (sngnf)	$1,184,000	–	524,267	–	0.69%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$1,074,000	–	153,503	–	0.63%	–
WFC	New	Wells Fargo (wfc)	$1,032,000	–	18,619	–	0.60%	–
DLPH	New	Delphi Technologies (dlph)	$1,017,000	–	22,373	–	0.59%	–
AMT	New	American Tower (amt)	$1,009,000	–	7,000	–	0.59%	–
EMR	New	Emerson Electric Co (emr)	$1,002,000	–	14,497	–	0.58%	–
ABB	New	ABB Ltd (abb)	$978,000	–	44,962	–	0.57%	–
CHL	New	China Mobile Ltd (chl)	$924,000	–	20,820	–	0.54%	–
T	New	At&T Inc (t)	$921,000	–	28,696	–	0.54%	–
EPD	New	Enterprise Prod Ptnrs LP (epd)	$904,000	–	32,685	–	0.53%	–
CSCO	New	Cisco Systems Inc (csco)	$894,000	–	20,791	–	0.52%	–
RDSA	New	Royal Dutch Shell (rdsa)	$733,000	–	10,591	–	0.43%	–
BRKB	New	Berkshire Hathaway (brk/b)	$671,000	–	3,595	–	0.39%	–
BAC	New	Bank Of America Corp (bac)	$569,000	–	20,216	–	0.33%	–
BX	New	Blackstone Grp (bx)	$559,000	–	17,406	–	0.33%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$559,000	–	14,543	–	0.33%	–
	New	Land & Houses Pub Co (ldxhf)	$534,000	–	2,359,262	–	0.31%	–
FB	New	Facebook Inc-A (fb)	$451,000	–	2,322	–	0.26%	–
TAP	New	Molson Coors Brewing Co (tap)	$447,000	–	6,584	–	0.26%	–
YPF	New	YPF SA (ypf)	$405,000	–	29,888	–	0.24%	–
ORCL	New	Oracle Corp (orcl)	$390,000	–	8,860	–	0.23%	–
WMB	New	Williams Co (wmb)	$367,000	–	13,561	–	0.21%	–
NUE	New	Nucor (nue)	$331,000	–	5,300	–	0.19%	–
TRMK	New	Trustmark (trmk)	$311,000	–	9,542	–	0.18%	–
GE	New	General Electric (ge)	$268,000	–	19,695	–	0.16%	–
PYPL	New	Paypal Holdings Inc (pypl)	$263,000	–	3,164	–	0.15%	–
SLB	New	Schlumberger Ltd (slb)	$260,000	–	3,883	–	0.15%	–
PEP	New	Pepsico Inc (pep)	$238,000	–	2,195	–	0.14%	–
	New	Bayer AG-REG (bayzf)	$201,000	–	1,819	–	0.12%	–
	New	Northern Pwr Sys (nrthf)	$1,000	–	23,599	–	0.00%	–
	New	Northern Power Sys Cl B	$0	–	62,979	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	Northern Power Sys Cl B	$0	–	-62,979	–	0.00%	–
	Exit	CNL Lifestyle Prop (clly)	$0	–	-10,900	–	-0.00%	–
	Exit	Northern Pwr Sys (nrthf)	$0	–	-23,599	–	-0.00%	–
PEP	Exit	Pepsico Inc (pep)	$0	–	-1,900	–	-0.14%	–
AMAT	Exit	Applied Materials (amat)	$0	–	-4,650	–	-0.16%	–
COG	Exit	Cabot Oil & Gas (cog)	$0	–	-10,500	–	-0.18%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.20%	–
	Exit	Avichina Industry & Tech (avij	$0	–	-562,869	–	-0.22%	–
FB	Exit	Facebook (fb)	$0	–	-2,000	–	-0.22%	–
	Exit	Bank Of America (bac)	$0	–	-21,642	–	-0.35%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-12,810	–	-0.36%	–
	Exit	Berkshire Hathaway (brk.b)	$0	–	-3,296	–	-0.39%	–
	Exit	Land & Houses Pub Co (ldxhf)	$0	–	-2,073,262	–	-0.40%	–
PFE	Exit	Pfizer Inc (pfe)	$0	–	-18,924	–	-0.43%	–
EPD	Exit	Enterprise Prod Ptnrs LP (epd)	$0	–	-25,976	–	-0.43%	–
NVS	Exit	Novartis Ag Sp Adr (nvs)	$0	–	-8,562	–	-0.47%	–
T	Exit	AT&T Inc (t)	$0	–	-21,407	–	-0.54%	–
EMR	Exit	Emerson Elec Co (emr)	$0	–	-13,953	–	-0.56%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-0.61%	–
CHL	Exit	China Mobile Ltd (chl)	$0	–	-19,436	–	-0.63%	–
CCJ	Exit	Cameco Corp (ccj)	$0	–	-103,021	–	-0.64%	–
WFC	Exit	Wells Fargo (wfc)	$0	–	-18,287	–	-0.64%	–
GE	Exit	General Electric (ge)	$0	–	-45,265	–	-0.70%	–
	Exit	Capitamall Trust (cpamf)	$0	–	-771,600	–	-0.73%	–
	Exit	Singapore Tele (sngnf)	$0	–	-464,867	–	-0.80%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-37,725	–	-0.82%	–
BGGSQ	Exit	Briggs & Stratton (bgg)	$0	–	-58,057	–	-0.87%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-153,503	–	-0.88%	–
ELY	Exit	Callaway Golf (ely)	$0	–	-104,172	–	-0.96%	–
KO	Exit	Coca Cola Company (ko)	$0	–	-33,738	–	-0.97%	–
DWDP	Exit	Dowdupont Inc (dwdp)	$0	–	-21,935	–	-0.97%	–
WY	Exit	Weyerhaeuser Co (wy)	$0	–	-45,348	–	-0.99%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-136,403	–	-1.07%	–
CSX	Exit	CSX Corp (csx)	$0	–	-31,161	–	-1.08%	–
CG	Exit	The Carlyle Group (cg)	$0	–	-74,523	–	-1.12%	–
GES	Exit	Guess Inc. (ges)	$0	–	-108,476	–	-1.18%	–
BRKA	Exit	Berkshire Hathaway (brka)	$0	–	-7	–	-1.23%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-23,639	–	-1.24%	–
RRC	Exit	Range Resources Corp (rrc)	$0	–	-107,250	–	-1.34%	–
MON	Exit	Monsanto Co (mon)	$0	–	-19,900	–	-1.52%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-19,036	–	-1.56%	–
IBN	Exit	Icici Bank (ibn)	$0	–	-286,767	–	-1.57%	–
TLK	Exit	Telekomunik Indonesia (tlk)	$0	–	-72,597	–	-1.59%	–
WDC	Exit	Western Digital (wdc)	$0	–	-31,740	–	-1.75%	–
CVS	Exit	CVS Health (cvs)	$0	–	-34,175	–	-1.78%	–
NKE	Exit	Nike Inc (nke)	$0	–	-59,206	–	-1.96%	–
TSS	Exit	Total System Services (tss)	$0	–	-51,886	–	-2.17%	–
MDT	Exit	Medtronic PLC (mdt)	$0	–	-44,686	–	-2.22%	–
	Exit	Metro Bk & Tr (mtpof)	$0	–	-2,050,216	–	-2.23%	–
INTC	Exit	Intel (intc)	$0	–	-95,738	–	-2.33%	–
NUE	Exit	Nucor (nue)	$0	–	-68,173	–	-2.44%	–
CJREF	Exit	Corus Entertainment (cjref)	$0	–	-375,895	–	-2.49%	–
JPM	Exit	JP Morgan Chase & Co (jpm)	$0	–	-42,144	–	-2.57%	–
GILD	Exit	Gilead Sciences (gild)	$0	–	-51,158	–	-2.65%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-285,955	–	-2.75%	–
AMGN	Exit	Amgen (amgn)	$0	–	-23,245	–	-2.77%	–
HSBC	Exit	HSBC Holdings (hsbc)	$0	–	-88,690	–	-2.80%	–
IBM	Exit	Intl Business Machines (ibm)	$0	–	-31,678	–	-2.94%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-87,248	–	-3.57%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-166,734	–	-4.00%	–
3106PS	Exit	Delphi Automotive (dlph)	$0	–	-66,716	–	-4.19%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-54,827	–	-4.26%	–
C	Exit	Citigroup (c)	$0	–	-95,792	–	-4.45%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-107,837	–	-5.13%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-79,413	–	-7.82%	–

Q3 2017

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Inc (aapl)	$12,239,000	+6.8%	79,413	-0.2%	7.82%	+9.7%
MSFT	Sell	Microsoft Corp (msft)	$8,032,000	-5.8%	107,837	-12.8%	5.13%	-3.2%
C	Sell	Citigroup (c)	$6,967,000	+8.5%	95,792	-0.2%	4.45%	+11.4%
GLD	Buy	Spdr Gold Tr Spdr (gld)	$6,665,000	+4.0%	54,827	+1.0%	4.26%	+6.8%
3106PS	Sell	Delphi Automotive (dlph)	$6,564,000	+11.9%	66,716	-0.3%	4.19%	+14.9%
TSM	Sell	Taiwan Semiconductor (tsm)	$6,260,000	+7.2%	166,734	-0.2%	4.00%	+10.0%
MRK	Sell	Merck & Co (mrk)	$5,586,000	-4.5%	87,248	-4.4%	3.57%	-1.9%
IBM	Sell	Intl Business Machines (ibm)	$4,595,000	-7.3%	31,678	-1.7%	2.94%	-4.8%
HSBC	Buy	HSBC Holdings (hsbc)	$4,382,000	+22.2%	88,690	+14.7%	2.80%	+25.5%
LFC	Sell	China Life Insurance (lfc)	$4,303,000	-3.3%	285,955	-1.4%	2.75%	-0.7%
GILD	New	Gilead Sciences (gild)	$4,144,000	–	51,158	–	2.65%	–
NUE	Sell	Nucor (nue)	$3,820,000	-3.3%	68,173	-0.1%	2.44%	-0.7%
MDT	Buy	Medtronic PLC (mdt)	$3,475,000	-12.0%	44,686	+0.4%	2.22%	-9.7%
TSS	Buy	Total System Services (tss)	$3,398,000	+107.4%	51,886	+84.5%	2.17%	+113.1%
NKE	Sell	Nike Inc (nke)	$3,069,000	-13.5%	59,206	-1.5%	1.96%	-11.1%
CVS	Sell	CVS Health (cvs)	$2,779,000	+1.1%	34,175	-0.0%	1.78%	+3.7%
WDC	New	Western Digital (wdc)	$2,742,000	–	31,740	–	1.75%	–
IBN	Buy	Icici Bank (ibn)	$2,454,000	+5.0%	286,767	+10.0%	1.57%	+7.8%
MON	Sell	Monsanto Co (mon)	$2,384,000	+1.1%	19,900	-0.2%	1.52%	+3.7%
XOM	Buy	Exxon Mobil Corp (xom)	$1,937,000	+8.0%	23,639	+6.4%	1.24%	+10.8%
CSX	Buy	CSX Corp (csx)	$1,690,000	+581.5%	31,161	+584.9%	1.08%	+601.3%
DWDP	New	Dowdupont Inc (dwdp)	$1,518,000	–	21,935	–	0.97%	–
KO	Sell	Coca Cola Company (ko)	$1,518,000	-11.6%	33,738	-11.9%	0.97%	-9.2%
ELY	New	Callaway Golf (ely)	$1,503,000	–	104,172	–	0.96%	–
CHT	Buy	Chunghwa Telecm (cht)	$1,286,000	+135.5%	37,725	+143.2%	0.82%	+141.8%
GE	Sell	General Electric (ge)	$1,094,000	-78.3%	45,265	-75.8%	0.70%	-77.7%
CHL	New	China Mobile Ltd (chl)	$982,000	–	19,436	–	0.63%	–
EMR	Sell	Emerson Elec Co (emr)	$876,000	+4.7%	13,953	-0.7%	0.56%	+7.5%
T	Sell	AT&T Inc (t)	$838,000	+2.8%	21,407	-1.0%	0.54%	+5.5%
NVS	New	Novartis Ag Sp Adr (nvs)	$735,000	–	8,562	–	0.47%	–
EPD	Buy	Enterprise Prod Ptnrs LP (epd)	$677,000	-0.3%	25,976	+3.5%	0.43%	+2.6%
PFE	Sell	Pfizer Inc (pfe)	$675,000	+3.5%	18,924	-2.6%	0.43%	+6.2%
AMAT	New	Applied Materials (amat)	$242,000	–	4,650	–	0.16%	–
CRS	Exit	Carpenter Technology (crs)	$0	–	-6,600	–	-0.15%	–
MGA	Exit	Magna Intl (mga)	$0	–	-5,650	–	-0.16%	–
AZSEY	Exit	ALLIANZ SE-SPON ADR	$0	–	-37,450	–	-0.46%	–
VZ	Exit	Verizon Comm (vz)	$0	–	-18,832	–	-0.52%	–
SIEGY	Exit	Siemens (siegy)	$0	–	-14,037	–	-0.60%	–
DOW	Exit	Dow Chemical (dow)	$0	–	-22,350	–	-0.88%	–
SYF	Exit	Synchrony Financial (syf)	$0	–	-72,926	–	-1.35%	–
PXD	Exit	Pioneer Natural Res (pxd)	$0	–	-18,335	–	-1.82%	–
ABB	Exit	ABB Ltd (abb)	$0	–	-150,625	–	-2.33%	–
CSCO	Exit	Cisco Systems (csco)	$0	–	-182,873	–	-3.56%	–

Q2 2017

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$11,457,000	–	79,553	–	7.13%	–
MSFT	New	Microsoft Corp (msft)	$8,524,000	–	123,666	–	5.30%	–
C	New	Citigroup (c)	$6,419,000	–	95,992	–	3.99%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$6,407,000	–	54,294	–	3.99%	–
3106PS	New	Delphi Automotive (dlph)	$5,865,000	–	66,919	–	3.65%	–
MRK	New	Merck & Co (mrk)	$5,848,000	–	91,252	–	3.64%	–
TSM	New	Taiwan Semiconductor (tsm)	$5,841,000	–	167,089	–	3.63%	–
CSCO	New	Cisco Systems (csco)	$5,723,000	–	182,873	–	3.56%	–
GE	New	General Electric (ge)	$5,044,000	–	186,782	–	3.14%	–
IBM	New	Intl Business Machines (ibm)	$4,959,000	–	32,238	–	3.08%	–
LFC	New	China Life Insurance (lfc)	$4,449,000	–	290,046	–	2.77%	–
AMGN	New	Amgen (amgn)	$4,003,000	–	23,245	–	2.49%	–
MDT	New	Medtronic PLC (mdt)	$3,951,000	–	44,519	–	2.46%	–
NUE	New	Nucor (nue)	$3,950,000	–	68,273	–	2.46%	–
CJREF	New	Corus Entertainment (cjref)	$3,945,000	–	375,895	–	2.45%	–
JPM	New	JP Morgan Chase & Co (jpm)	$3,851,000	–	42,144	–	2.40%	–
ABB	New	ABB Ltd (abb)	$3,750,000	–	150,625	–	2.33%	–
HSBC	New	HSBC Holdings (hsbc)	$3,586,000	–	77,315	–	2.23%	–
	New	Metro Bk & Tr (mtpof)	$3,555,000	–	2,050,216	–	2.21%	–
NKE	New	Nike Inc (nke)	$3,547,000	–	60,133	–	2.21%	–
INTC	New	Intel (intc)	$3,230,000	–	95,738	–	2.01%	–
PXD	New	Pioneer Natural Res (pxd)	$2,925,000	–	18,335	–	1.82%	–
CVS	New	CVS Health (cvs)	$2,750,000	–	34,188	–	1.71%	–
ECL	New	Ecolab Inc (ecl)	$2,527,000	–	19,036	–	1.57%	–
RRC	New	Range Resources Corp (rrc)	$2,484,000	–	107,250	–	1.54%	–
TLK	New	Telekomunik Indonesia (tlk)	$2,444,000	–	72,597	–	1.52%	–
MON	New	Monsanto Co (mon)	$2,359,000	–	19,933	–	1.47%	–
IBN	New	Icici Bank (ibn)	$2,337,000	–	260,631	–	1.45%	–
SYF	New	Synchrony Financial (syf)	$2,174,000	–	72,926	–	1.35%	–
XOM	New	Exxon Mobil Corp (xom)	$1,793,000	–	22,222	–	1.12%	–
BRKA	New	Berkshire Hathaway (brka)	$1,782,000	–	7	–	1.11%	–
KO	New	Coca Cola Company (ko)	$1,717,000	–	38,285	–	1.07%	–
TSS	New	Total System Services (tss)	$1,638,000	–	28,128	–	1.02%	–
IAU	New	Ishares Gold Trust (iau)	$1,628,000	–	136,403	–	1.01%	–
WY	New	Weyerhaeuser Co (wy)	$1,519,000	–	45,348	–	0.94%	–
CG	New	The Carlyle Group (cg)	$1,471,000	–	74,523	–	0.92%	–
DOW	New	Dow Chemical (dow)	$1,409,000	–	22,350	–	0.88%	–
BGGSQ	New	Briggs & Stratton (bgg)	$1,399,000	–	58,057	–	0.87%	–
GES	New	Guess Inc. (ges)	$1,386,000	–	108,476	–	0.86%	–
	New	Singapore Tele (sngnf)	$1,313,000	–	464,867	–	0.82%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$1,283,000	–	153,503	–	0.80%	–
	New	Capitamall Trust (cpamf)	$1,106,000	–	771,600	–	0.69%	–
WFC	New	Wells Fargo (wfc)	$1,013,000	–	18,287	–	0.63%	–
SIEGY	New	Siemens (siegy)	$963,000	–	14,037	–	0.60%	–
CCJ	New	Cameco Corp (ccj)	$937,000	–	103,021	–	0.58%	–
AMT	New	American Tower (amt)	$926,000	–	7,000	–	0.58%	–
VZ	New	Verizon Comm (vz)	$841,000	–	18,832	–	0.52%	–
EMR	New	Emerson Elec Co (emr)	$837,000	–	14,054	–	0.52%	–
T	New	AT&T Inc (t)	$815,000	–	21,623	–	0.51%	–
AZSEY	New	ALLIANZ SE-SPON ADR	$736,000	–	37,450	–	0.46%	–
EPD	New	Enterprise Prod Ptnrs LP (epd)	$679,000	–	25,108	–	0.42%	–
PFE	New	Pfizer Inc (pfe)	$652,000	–	19,421	–	0.41%	–
	New	Land & Houses Pub Co (ldxhf)	$622,000	–	2,073,262	–	0.39%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$557,000	–	12,810	–	0.35%	–
	New	Berkshire Hathaway (brk.b)	$558,000	–	3,296	–	0.35%	–
CHT	New	Chunghwa Telecm (cht)	$546,000	–	15,514	–	0.34%	–
	New	Bank Of America (bac)	$525,000	–	21,642	–	0.33%	–
	New	Avichina Industry & Tech (avij	$330,000	–	562,869	–	0.20%	–
TRMK	New	Trustmark (trmk)	$306,000	–	9,542	–	0.19%	–
FB	New	Facebook (fb)	$301,000	–	2,000	–	0.19%	–
COG	New	Cabot Oil & Gas (cog)	$263,000	–	10,500	–	0.16%	–
MGA	New	Magna Intl (mga)	$261,000	–	5,650	–	0.16%	–
CRS	New	Carpenter Technology (crs)	$247,000	–	6,600	–	0.15%	–
CSX	New	CSX Corp (csx)	$248,000	–	4,550	–	0.15%	–
PEP	New	Pepsico Inc (pep)	$219,000	–	1,900	–	0.14%	–
	New	Northern Pwr Sys (nrthf)	$3,000	–	23,599	–	0.00%	–
	New	CNL Lifestyle Prop (clly)	$1,000	–	10,900	–	0.00%	–
	New	Northern Power Sys Cl B	$0	–	62,979	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
	Exit	CNL Lifestyle Prop (clly)	$0	–	-10,900	–	-0.02%	–
	Exit	Pax Global Technology (pxgyf)	$0	–	-221,000	–	-0.12%	–
	Exit	Avichina Industry & Tech (avij	$0	–	-260,000	–	-0.13%	–
	Exit	Land & Houses Pub Co (ldxhf)	$0	–	-665,100	–	-0.14%	–
PEP	Exit	Pepsico Inc (pep)	$0	–	-1,900	–	-0.15%	–
BRKB	Exit	Berkshire Hathaway (brk.b)	$0	–	-1,500	–	-0.16%	–
FLR	Exit	Fluor Corp (flr)	$0	–	-4,325	–	-0.16%	–
FB	Exit	Facebook (fb)	$0	–	-2,000	–	-0.19%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.19%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-8,702	–	-0.23%	–
AMAT	Exit	Applied Materials (amat)	$0	–	-10,900	–	-0.24%	–
JPM	Exit	JP Morgan Chase & Co (jpm)	$0	–	-5,950	–	-0.29%	–
BAC	Exit	Bank Of America (bac)	$0	–	-26,342	–	-0.30%	–
	Exit	Capitamall Trust (cpamf)	$0	–	-322,000	–	-0.38%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-15,527	–	-0.40%	–
EVER	Exit	Everbank Financial Corp (ever)	$0	–	-28,830	–	-0.41%	–
	Exit	Singapore Tele (sngnf)	$0	–	-195,467	–	-0.42%	–
PFE	Exit	Pfizer Inc (pfe)	$0	–	-18,025	–	-0.45%	–
EMR	Exit	Emerson Elec Co (emr)	$0	–	-13,730	–	-0.55%	–
GSK	Exit	Glaxo Smithkline (gsk)	$0	–	-17,410	–	-0.55%	–
T	Exit	AT&T Inc (t)	$0	–	-19,155	–	-0.57%	–
WFC	Exit	Wells Fargo (wfc)	$0	–	-17,733	–	-0.58%	–
MDXG	Exit	Mimedx Group (mdxg)	$0	–	-92,000	–	-0.58%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-0.58%	–
DOW	Exit	Dow Chemical (dow)	$0	–	-15,915	–	-0.61%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-153,503	–	-0.67%	–
VZ	Exit	Verizon Comm (vz)	$0	–	-17,842	–	-0.68%	–
WY	Exit	Weyerhaeuser Co (wy)	$0	–	-30,205	–	-0.71%	–
	Exit	Metro Bk & Tr (mtpof)	$0	–	-581,096	–	-0.75%	–
NUE	Exit	Nucor (nue)	$0	–	-20,890	–	-0.76%	–
ADM	Exit	Archer Daniels (adm)	$0	–	-28,003	–	-0.87%	–
SIEGY	Exit	Siemens (siegy)	$0	–	-10,371	–	-0.89%	–
AMGN	Exit	Amgen (amgn)	$0	–	-8,460	–	-1.04%	–
KO	Exit	Coca Cola Company (ko)	$0	–	-33,555	–	-1.04%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-18,435	–	-1.18%	–
SYF	Exit	Synchrony Financial (syf)	$0	–	-68,600	–	-1.41%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-155,509	–	-1.45%	–
NVO	Exit	Novo-Nordisk (nvo)	$0	–	-48,075	–	-1.47%	–
MON	Exit	Monsanto Co (mon)	$0	–	-20,509	–	-1.54%	–
INTC	Exit	Intel (intc)	$0	–	-58,820	–	-1.63%	–
SYT	Exit	Syngenta (syt)	$0	–	-26,969	–	-1.74%	–
GE	Exit	General Electric (ge)	$0	–	-80,875	–	-1.76%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-191,665	–	-1.84%	–
FMC	Exit	FMC (fmc)	$0	–	-54,590	–	-1.94%	–
RRC	Exit	Range Resources Corp (rrc)	$0	–	-68,445	–	-1.95%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-22,220	–	-1.99%	–
SNN	Exit	Smith & Nephew PLC (snn)	$0	–	-91,770	–	-2.21%	–
PXD	Exit	Pioneer Natural Res (pxd)	$0	–	-17,400	–	-2.38%	–
MDT	Exit	Medtronic PLC (mdt)	$0	–	-40,656	–	-2.58%	–
NKE	Exit	Nike Inc (nke)	$0	–	-69,323	–	-2.68%	–
MGA	Exit	Magna Intl (mga)	$0	–	-87,185	–	-2.75%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-63,104	–	-2.90%	–
C	Exit	Citigroup (c)	$0	–	-87,834	–	-3.05%	–
3106PS	Exit	Delphi Automotive (dlph)	$0	–	-62,357	–	-3.27%	–
CVS	Exit	CVS Health (cvs)	$0	–	-50,589	–	-3.31%	–
CSCO	Exit	Cisco Systems (csco)	$0	–	-171,898	–	-4.01%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-190,767	–	-4.29%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-69,049	–	-6.38%	–
IBM	Exit	Intl Business Machines (ibm)	$0	–	-66,684	–	-7.79%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-97,647	–	-8.12%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-202,567	–	-8.58%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp (msft)	$11,667,000	+12.1%	202,567	-0.4%	8.58%	+3.2%
AAPL	Sell	Apple Inc (aapl)	$11,038,000	+17.4%	97,647	-0.8%	8.12%	+8.0%
IBM	Sell	Intl Business Machines (ibm)	$10,592,000	+4.2%	66,684	-0.4%	7.79%	-4.1%
GLD	Buy	Spdr Gold Tr Spdr (gld)	$8,675,000	+43.2%	69,049	+44.1%	6.38%	+31.8%
TSM	Sell	Taiwan Semiconductor (tsm)	$5,835,000	+16.1%	190,767	-0.4%	4.29%	+6.9%
CSCO	Buy	Cisco Systems (csco)	$5,452,000	+25.6%	171,898	+13.6%	4.01%	+15.6%
CVS	Sell	CVS Health (cvs)	$4,501,000	-7.5%	50,589	-0.5%	3.31%	-14.8%
3106PS	Sell	Delphi Automotive (dlph)	$4,447,000	+10.6%	62,357	-2.9%	3.27%	+1.8%
C	Sell	Citigroup (c)	$4,148,000	+10.4%	87,834	-0.9%	3.05%	+1.7%
MRK	Sell	Merck & Co (mrk)	$3,938,000	+7.4%	63,104	-0.8%	2.90%	-1.1%
MGA	Sell	Magna Intl (mga)	$3,744,000	+21.8%	87,185	-0.6%	2.75%	+12.1%
NKE	Sell	Nike Inc (nke)	$3,649,000	-6.0%	69,323	-1.5%	2.68%	-13.5%
MDT	Sell	Medtronic PLC (mdt)	$3,512,000	-0.7%	40,656	-0.2%	2.58%	-8.6%
PXD	Sell	Pioneer Natural Res (pxd)	$3,230,000	+22.3%	17,400	-0.4%	2.38%	+12.6%
SNN	Sell	Smith & Nephew PLC (snn)	$3,008,000	-11.0%	91,770	-6.8%	2.21%	-18.1%
ECL	Sell	Ecolab Inc (ecl)	$2,704,000	+2.3%	22,220	-0.3%	1.99%	-5.9%
RRC	Buy	Range Resources Corp (rrc)	$2,652,000	-6.6%	68,445	+4.0%	1.95%	-14.0%
FMC	New	FMC (fmc)	$2,638,000	–	54,590	–	1.94%	–
LFC	Sell	China Life Insurance (lfc)	$2,506,000	+20.7%	191,665	-0.7%	1.84%	+11.0%
SYT	Sell	Syngenta (syt)	$2,362,000	+14.0%	26,969	-0.1%	1.74%	+4.9%
INTC	Buy	Intel (intc)	$2,220,000	+44.3%	58,820	+25.4%	1.63%	+32.9%
MON	Sell	Monsanto Co (mon)	$2,096,000	-1.7%	20,509	-0.6%	1.54%	-9.6%
NVO	Sell	Novo-Nordisk (nvo)	$1,999,000	-22.9%	48,075	-0.3%	1.47%	-29.0%
IAU	Sell	Ishares Gold Trust (iau)	$1,973,000	-0.7%	155,509	-0.1%	1.45%	-8.5%
SYF	Sell	Synchrony Financial (syf)	$1,920,000	+10.2%	68,600	-0.5%	1.41%	+1.5%
AMGN	Sell	Amgen (amgn)	$1,411,000	+9.4%	8,460	-0.2%	1.04%	+0.7%
ADM	Sell	Archer Daniels (adm)	$1,180,000	-2.1%	28,003	-0.4%	0.87%	-9.8%
WY	Sell	Weyerhaeuser Co (wy)	$964,000	+6.3%	30,205	-0.9%	0.71%	-2.1%
VZ	Sell	Verizon Comm (vz)	$927,000	-14.6%	17,842	-8.2%	0.68%	-21.3%
T	Sell	AT&T Inc (t)	$777,000	-56.1%	19,155	-53.2%	0.57%	-59.6%
GSK	Buy	Glaxo Smithkline (gsk)	$750,000	+49.7%	17,410	+50.4%	0.55%	+37.8%
EMR	Sell	Emerson Elec Co (emr)	$748,000	-6.4%	13,730	-10.4%	0.55%	-13.8%
PFE	New	Pfizer Inc (pfe)	$610,000	–	18,025	–	0.45%	–
EVER	Sell	Everbank Financial Corp (ever)	$558,000	-23.0%	28,830	-41.0%	0.41%	-29.2%
AMAT	Sell	Applied Materials (amat)	$328,000	-26.3%	10,900	-41.4%	0.24%	-32.1%
FLR	New	Fluor Corp (flr)	$221,000	–	4,325	–	0.16%	–
WEC	Exit	WEC Energy Grp (wec)	$0	–	-11,130	–	-0.58%	–
CMS	Exit	CMS Energy Corp (cms)	$0	–	-16,085	–	-0.59%	–

Q2 2016

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp (msft)	$10,407,000	–	203,383	–	8.31%	–
IBM	New	Intl Business Machines (ibm)	$10,161,000	–	66,949	–	8.12%	–
AAPL	New	Apple Inc (aapl)	$9,406,000	–	98,392	–	7.51%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$6,058,000	–	47,908	–	4.84%	–
TSM	New	Taiwan Semiconductor (tsm)	$5,025,000	–	191,577	–	4.01%	–
CVS	New	CVS Health (cvs)	$4,865,000	–	50,819	–	3.89%	–
CSCO	New	Cisco Systems (csco)	$4,340,000	–	151,288	–	3.47%	–
3106PS	New	Delphi Automotive (dlph)	$4,020,000	–	64,222	–	3.21%	–
NKE	New	Nike Inc (nke)	$3,883,000	–	70,348	–	3.10%	–
C	New	Citigroup (c)	$3,756,000	–	88,614	–	3.00%	–
MRK	New	Merck & Co (mrk)	$3,665,000	–	63,631	–	2.93%	–
MDT	New	Medtronic PLC (mdt)	$3,536,000	–	40,755	–	2.82%	–
SNN	New	Smith & Nephew PLC (snn)	$3,381,000	–	98,515	–	2.70%	–
MGA	New	Magna Intl (mga)	$3,075,000	–	87,700	–	2.46%	–
RRC	New	Range Resources Corp (rrc)	$2,839,000	–	65,810	–	2.27%	–
ECL	New	Ecolab Inc (ecl)	$2,644,000	–	22,295	–	2.11%	–
PXD	New	Pioneer Natural Res (pxd)	$2,641,000	–	17,470	–	2.11%	–
NVO	New	Novo-Nordisk (nvo)	$2,592,000	–	48,210	–	2.07%	–
GE	New	General Electric (ge)	$2,545,000	–	80,875	–	2.03%	–
MON	New	Monsanto Co (mon)	$2,133,000	–	20,634	–	1.70%	–
LFC	New	China Life Insurance (lfc)	$2,077,000	–	193,100	–	1.66%	–
SYT	New	Syngenta (syt)	$2,072,000	–	26,994	–	1.66%	–
IAU	New	Ishares Gold Trust (iau)	$1,986,000	–	155,693	–	1.59%	–
T	New	AT&T Inc (t)	$1,770,000	–	40,972	–	1.41%	–
SYF	New	Synchrony Financial (syf)	$1,742,000	–	68,930	–	1.39%	–
XOM	New	Exxon Mobil Corp (xom)	$1,728,000	–	18,435	–	1.38%	–
INTC	New	Intel (intc)	$1,538,000	–	46,900	–	1.23%	–
KO	New	Coca Cola Company (ko)	$1,521,000	–	33,555	–	1.22%	–
AMGN	New	Amgen (amgn)	$1,290,000	–	8,480	–	1.03%	–
ADM	New	Archer Daniels (adm)	$1,205,000	–	28,108	–	0.96%	–
	New	Metro Bk & Tr (mtpof)	$1,115,000	–	581,096	–	0.89%	–
VZ	New	Verizon Comm (vz)	$1,085,000	–	19,442	–	0.87%	–
SIEGY	New	Siemens (siegy)	$1,057,000	–	10,371	–	0.84%	–
NUE	New	Nucor (nue)	$1,032,000	–	20,890	–	0.82%	–
WY	New	Weyerhaeuser Co (wy)	$907,000	–	30,485	–	0.72%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$881,000	–	153,503	–	0.70%	–
WFC	New	Wells Fargo (wfc)	$839,000	–	17,733	–	0.67%	–
EMR	New	Emerson Elec Co (emr)	$799,000	–	15,330	–	0.64%	–
AMT	New	American Tower (amt)	$795,000	–	7,000	–	0.64%	–
DOW	New	Dow Chemical (dow)	$791,000	–	15,915	–	0.63%	–
CMS	New	CMS Energy Corp (cms)	$737,000	–	16,085	–	0.59%	–
MDXG	New	Mimedx Group (mdxg)	$734,000	–	92,000	–	0.59%	–
WEC	New	WEC Energy Grp (wec)	$726,000	–	11,130	–	0.58%	–
EVER	New	Everbank Financial Corp (ever)	$725,000	–	48,830	–	0.58%	–
	New	Singapore Tele (sngnf)	$599,000	–	195,467	–	0.48%	–
CHT	New	Chunghwa Telecm (cht)	$563,000	–	15,527	–	0.45%	–
	New	Capitamall Trust (cpamf)	$509,000	–	322,000	–	0.41%	–
GSK	New	Glaxo Smithkline (gsk)	$501,000	–	11,575	–	0.40%	–
AMAT	New	Applied Materials (amat)	$445,000	–	18,600	–	0.36%	–
JPM	New	JP Morgan Chase & Co (jpm)	$369,000	–	5,950	–	0.30%	–
BAC	New	Bank Of America (bac)	$349,000	–	26,342	–	0.28%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$284,000	–	8,702	–	0.23%	–
TRMK	New	Trustmark (trmk)	$237,000	–	9,542	–	0.19%	–
FB	New	Facebook (fb)	$228,000	–	2,000	–	0.18%	–
BRKB	New	Berkshire Hathaway (brk.b)	$217,000	–	1,500	–	0.17%	–
PEP	New	Pepsico Inc (pep)	$201,000	–	1,900	–	0.16%	–
	New	Pax Global Technology (pxgyf)	$192,000	–	221,000	–	0.15%	–
	New	Avichina Industry & Tech (avij	$179,000	–	260,000	–	0.14%	–
	New	Land & Houses Pub Co (ldxhf)	$171,000	–	665,100	–	0.14%	–
	New	CNL Lifestyle Prop (clly)	$33,000	–	10,900	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
JOB	Exit	Job US (job)	$0	–	-10,000	–	-0.00%	–
	Exit	Pt Indosat (ptitf)	$0	–	-21,500	–	-0.00%	–
	Exit	Kasikornbank (kpcpf)	$0	–	-11,900	–	-0.04%	–
DAKPQ	Exit	Dakota Plains Holdings (dakp)	$0	–	-70,000	–	-0.04%	–
	Exit	Land & Houses Pub Co (ldxhf)	$0	–	-665,100	–	-0.11%	–
	Exit	Siam Commercial Bank (smcbf)	$0	–	-44,900	–	-0.12%	–
SPY	Exit	Spdr S&P 500 ETF Tr (spy)	$0	–	-1,055	–	-0.15%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.17%	–
	Exit	Pax Global Technology (pxgyf)	$0	–	-221,000	–	-0.18%	–
IVW	Exit	Ishares S&P 500 Growth (ivw)	$0	–	-2,485	–	-0.20%	–
AMAT	Exit	Applied Materials (amat)	$0	–	-18,600	–	-0.21%	–
BAC	Exit	Bank Of America (bac)	$0	–	-19,242	–	-0.23%	–
SHG	Exit	Shinhan Finl Grp Ltd Sp Adr (s	$0	–	-8,962	–	-0.24%	–
JPM	Exit	JP Morgan Chase & Co (jpm)	$0	–	-5,950	–	-0.28%	–
	Exit	Capitamall Trust (cpamf)	$0	–	-336,000	–	-0.34%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-16,277	–	-0.38%	–
	Exit	Singapore Tele (sngnf)	$0	–	-195,467	–	-0.38%	–
EWY	Exit	Ishares MSCI South Korea (ewy)	$0	–	-11,225	–	-0.42%	–
D	Exit	Dominion Resources (d)	$0	–	-7,790	–	-0.42%	–
CMS	Exit	CMS Energy Corp (cms)	$0	–	-16,605	–	-0.45%	–
WEC	Exit	WEC Energy Grp (wec)	$0	–	-11,485	–	-0.46%	–
GM	Exit	General Motors (gm)	$0	–	-20,035	–	-0.46%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-0.47%	–
NUE	Exit	Nucor (nue)	$0	–	-16,720	–	-0.48%	–
SIEGY	Exit	Siemens (siegy)	$0	–	-7,335	–	-0.50%	–
GSK	Exit	Glaxo Smithkline (gsk)	$0	–	-17,305	–	-0.51%	–
MDXG	Exit	Mimedx Group (mdxg)	$0	–	-75,000	–	-0.55%	–
WY	Exit	Weyerhaeuser Co (wy)	$0	–	-26,765	–	-0.56%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-17,565	–	-0.64%	–
WELL	Exit	Welltower Inc. (hcn)	$0	–	-12,695	–	-0.66%	–
EVER	Exit	Everbank Financial Corp (ever)	$0	–	-48,830	–	-0.72%	–
	Exit	Metro Bk & Tr (mtpof)	$0	–	-646,492	–	-0.86%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-153,023	–	-0.98%	–
T	Exit	AT&T Inc (t)	$0	–	-39,326	–	-0.98%	–
VZ	Exit	Verizon Comm (vz)	$0	–	-31,042	–	-1.03%	–
KO	Exit	Coca Cola Company (ko)	$0	–	-35,940	–	-1.10%	–
CRS	Exit	Carpenter Technology (crs)	$0	–	-50,837	–	-1.16%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-25,465	–	-1.45%	–
GE	Exit	General Electric (ge)	$0	–	-82,040	–	-1.58%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-23,560	–	-1.98%	–
MDT	Exit	Medtronic PLC (mdt)	$0	–	-43,137	–	-2.21%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-27,858	–	-2.27%	–
SYT	Exit	Syngenta (syt)	$0	–	-48,085	–	-2.34%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-65,714	–	-2.48%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-196,500	–	-2.61%	–
SNN	Exit	Smith & Nephew PLC (snn)	$0	–	-100,710	–	-2.69%	–
NVO	Exit	Novo-Nordisk (nvo)	$0	–	-67,650	–	-2.80%	–
MON	Exit	Monsanto Co (mon)	$0	–	-44,122	–	-2.88%	–
CSCO	Exit	Cisco Systems (csco)	$0	–	-155,960	–	-3.13%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-203,565	–	-3.23%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-412,338	–	-3.40%	–
NKE	Exit	Nike Inc (nke)	$0	–	-37,675	–	-3.54%	–
C	Exit	Citigroup (c)	$0	–	-94,105	–	-3.57%	–
3106PS	Exit	Delphi Automotive (dlph)	$0	–	-65,160	–	-3.79%	–
MGA	Exit	Magna Intl (mga)	$0	–	-105,630	–	-3.88%	–
ABBV	Exit	Abbvie Inc (abbv)	$0	–	-101,850	–	-4.24%	–
CVS	Exit	CVS Health (cvs)	$0	–	-79,895	–	-5.89%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-213,366	–	-7.22%	–
IBM	Exit	Intl Business Machines (ibm)	$0	–	-70,260	–	-7.78%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-101,994	–	-8.60%	–

Q3 2015

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Inc (aapl)	$11,249,000	-12.5%	101,994	-0.5%	8.60%	-10.4%
IBM	Buy	Intl Business Machines (ibm)	$10,185,000	+21.7%	70,260	+36.6%	7.78%	+24.7%
MSFT	Sell	Microsoft Corp (msft)	$9,443,000	0.0%	213,366	-0.3%	7.22%	+2.4%
CVS	Buy	CVS Health (cvs)	$7,708,000	-6.9%	79,895	+1.2%	5.89%	-4.6%
ABBV	Buy	Abbvie Inc (abbv)	$5,541,000	+15.3%	101,850	+42.4%	4.24%	+18.2%
MGA	Buy	Magna Intl (mga)	$5,071,000	+41.1%	105,630	+64.9%	3.88%	+44.5%
3106PS	New	Delphi Automotive (dlph)	$4,954,000	–	65,160	–	3.79%	–
C	Buy	Citigroup (c)	$4,668,000	+9.8%	94,105	+22.2%	3.57%	+12.4%
NKE	Buy	Nike Inc (nke)	$4,632,000	+15.7%	37,675	+1.6%	3.54%	+18.5%
IAU	Buy	Ishares Gold Trust (iau)	$4,445,000	-2.0%	412,338	+3.1%	3.40%	+0.4%
TSM	Buy	Taiwan Semiconductor (tsm)	$4,223,000	+1776.9%	203,565	+1953.1%	3.23%	+1820.8%
CSCO	Sell	Cisco Systems (csco)	$4,093,000	-35.4%	155,960	-32.4%	3.13%	-33.8%
MON	Buy	Monsanto Co (mon)	$3,765,000	-19.6%	44,122	+0.4%	2.88%	-17.7%
NVO	Buy	Novo-Nordisk (nvo)	$3,669,000	-0.9%	67,650	+0.1%	2.80%	+1.6%
SNN	Buy	Smith & Nephew PLC (snn)	$3,524,000	+3.3%	100,710	+0.2%	2.69%	+5.9%
LFC	Sell	China Life Insurance (lfc)	$3,415,000	-21.0%	196,500	-1.1%	2.61%	-19.1%
MRK	Sell	Merck & Co (mrk)	$3,245,000	-13.5%	65,714	-0.3%	2.48%	-11.4%
SYT	Buy	Syngenta (syt)	$3,066,000	-17.2%	48,085	+6.0%	2.34%	-15.1%
GLD	Sell	Spdr Gold Tr Spdr (gld)	$2,976,000	-8.9%	27,858	-4.2%	2.27%	-6.7%
MDT	Buy	Medtronic PLC (mdt)	$2,887,000	-9.3%	43,137	+0.4%	2.21%	-7.2%
ECL	Buy	Ecolab Inc (ecl)	$2,585,000	-2.3%	23,560	+0.7%	1.98%	+0.1%
GE	Sell	General Electric (ge)	$2,069,000	-7.1%	82,040	-2.2%	1.58%	-4.9%
XOM	Buy	Exxon Mobil Corp (xom)	$1,893,000	+15.5%	25,465	+29.3%	1.45%	+18.3%
CRS	Sell	Carpenter Technology (crs)	$1,513,000	-24.2%	50,837	-1.5%	1.16%	-22.4%
KO	Sell	Coca Cola Company (ko)	$1,441,000	-1.4%	35,940	-3.5%	1.10%	+1.0%
VZ	Sell	Verizon Comm (vz)	$1,350,000	-8.4%	31,042	-1.9%	1.03%	-6.2%
T	Sell	AT&T Inc (t)	$1,281,000	-11.3%	39,326	-3.3%	0.98%	-9.1%
BBVA	Sell	Banco Bilbao Argen Adr (bbva)	$1,280,000	-15.5%	153,023	-0.3%	0.98%	-13.5%
	Buy	Metro Bk & Tr (mtpof)	$1,128,000	-9.8%	646,492	+7.7%	0.86%	-7.6%
WELL	New	Welltower Inc. (hcn)	$859,000	–	12,695	–	0.66%	–
SNY	Buy	Sanofi-Aventis (sny)	$833,000	-3.3%	17,565	+1.0%	0.64%	-0.8%
WY	Sell	Weyerhaeuser Co (wy)	$731,000	-15.5%	26,765	-2.6%	0.56%	-13.3%
MDXG	Buy	Mimedx Group (mdxg)	$723,000	+4.0%	75,000	+25.0%	0.55%	+6.6%
GSK	Sell	Glaxo Smithkline (gsk)	$665,000	-10.3%	17,305	-2.8%	0.51%	-8.1%
NUE	Sell	Nucor (nue)	$627,000	-18.4%	16,720	-4.1%	0.48%	-16.4%
WEC	New	WEC Energy Grp (wec)	$599,000	–	11,485	–	0.46%	–
CMS	New	CMS Energy Corp (cms)	$586,000	–	16,605	–	0.45%	–
D	New	Dominion Resources (d)	$548,000	–	7,790	–	0.42%	–
JPM	Buy	JP Morgan Chase & Co (jpm)	$362,000	-7.9%	5,950	+2.6%	0.28%	-5.5%
BAC	Sell	Bank Of America (bac)	$299,000	-17.2%	19,242	-9.4%	0.23%	-14.9%
AMAT	Buy	Applied Materials (amat)	$273,000	+20.8%	18,600	+57.6%	0.21%	+23.7%
	New	Pax Global Technology (pxgyf)	$229,000	–	221,000	–	0.18%	–
SPY	Sell	Spdr S&P 500 ETF Tr (spy)	$202,000	-58.3%	1,055	-55.2%	0.15%	-57.3%
	Sell	Pt Indosat (ptitf)	$5,000	-93.8%	21,500	-92.0%	0.00%	-93.3%
UGAZ	Exit	Velocity Shares 3X Long Nat Ga	$0	–	-45,000	–	-0.07%	–
BRKB	Exit	Berkshire Hathaway (brk.b)	$0	–	-1,500	–	-0.15%	–
BP	Exit	BP Plc (bp)	$0	–	-16,597	–	-0.50%	–
POT	Exit	Potash Corp (pot)	$0	–	-23,900	–	-0.55%	–
HCN	Exit	Health Care Reit (hcn)	$0	–	-12,695	–	-0.62%	–
TXN	Exit	Texas Instruments (txn)	$0	–	-24,900	–	-0.96%	–
INTC	Exit	Intel (intc)	$0	–	-186,500	–	-4.23%	–

Q2 2015

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$12,860,000	–	102,539	–	9.60%	–
MSFT	New	Microsoft Corp (msft)	$9,443,000	–	213,905	–	7.05%	–
IBM	New	Intl Business Machines (ibm)	$8,366,000	–	51,433	–	6.24%	–
CVS	New	CVS Health (cvs)	$8,278,000	–	78,935	–	6.18%	–
CSCO	New	Cisco Systems (csco)	$6,335,000	–	230,709	–	4.73%	–
INTC	New	Intel (intc)	$5,672,000	–	186,500	–	4.23%	–
ABBV	New	Abbvie Inc (abbv)	$4,804,000	–	71,500	–	3.58%	–
MON	New	Monsanto Co (mon)	$4,685,000	–	43,957	–	3.50%	–
IAU	New	Ishares Gold Trust (iau)	$4,537,000	–	400,100	–	3.38%	–
LFC	New	China Life Insurance (lfc)	$4,324,000	–	198,735	–	3.23%	–
C	New	Citigroup (c)	$4,253,000	–	77,005	–	3.17%	–
NKE	New	Nike Inc (nke)	$4,004,000	–	37,075	–	2.99%	–
MRK	New	Merck & Co (mrk)	$3,750,000	–	65,885	–	2.80%	–
NVO	New	Novo-Nordisk (nvo)	$3,701,000	–	67,590	–	2.76%	–
SYT	New	Syngenta (syt)	$3,701,000	–	45,356	–	2.76%	–
MGA	New	Magna Intl (mga)	$3,593,000	–	64,075	–	2.68%	–
SNN	New	Smith & Nephew PLC (snn)	$3,410,000	–	100,466	–	2.54%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$3,267,000	–	29,078	–	2.44%	–
MDT	New	Medtronic PLC (mdt)	$3,184,000	–	42,970	–	2.38%	–
ECL	New	Ecolab Inc (ecl)	$2,645,000	–	23,400	–	1.97%	–
GE	New	General Electric (ge)	$2,228,000	–	83,871	–	1.66%	–
CRS	New	Carpenter Technology (crs)	$1,996,000	–	51,622	–	1.49%	–
XOM	New	Exxon Mobil Corp (xom)	$1,639,000	–	19,701	–	1.22%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$1,515,000	–	153,503	–	1.13%	–
VZ	New	Verizon Comm (vz)	$1,474,000	–	31,629	–	1.10%	–
KO	New	Coca Cola Company (ko)	$1,461,000	–	37,261	–	1.09%	–
T	New	AT&T Inc (t)	$1,444,000	–	40,678	–	1.08%	–
TXN	New	Texas Instruments (txn)	$1,282,000	–	24,900	–	0.96%	–
	New	Metro Bk & Tr (mtpof)	$1,251,000	–	600,492	–	0.93%	–
EVER	New	Everbank Financial Corp (ever)	$959,000	–	48,830	–	0.72%	–
WY	New	Weyerhaeuser Co (wy)	$865,000	–	27,482	–	0.64%	–
SNY	New	Sanofi-Aventis (sny)	$861,000	–	17,385	–	0.64%	–
HCN	New	Health Care Reit (hcn)	$833,000	–	12,695	–	0.62%	–
NUE	New	Nucor (nue)	$768,000	–	17,432	–	0.57%	–
GSK	New	Glaxo Smithkline (gsk)	$741,000	–	17,807	–	0.55%	–
POT	New	Potash Corp (pot)	$740,000	–	23,900	–	0.55%	–
SIEGY	New	Siemens (siegy)	$738,000	–	7,335	–	0.55%	–
MDXG	New	Mimedx Group (mdxg)	$695,000	–	60,000	–	0.52%	–
GM	New	General Motors (gm)	$667,000	–	20,035	–	0.50%	–
BP	New	BP Plc (bp)	$663,000	–	16,597	–	0.50%	–
AMT	New	American Tower (amt)	$653,000	–	7,000	–	0.49%	–
EWY	New	Ishares MSCI South Korea (ewy)	$618,000	–	11,225	–	0.46%	–
	New	Singapore Tele (sngnf)	$611,000	–	195,467	–	0.46%	–
	New	Capitamall Trust (cpamf)	$536,000	–	336,000	–	0.40%	–
CHT	New	Chunghwa Telecm (cht)	$519,000	–	16,277	–	0.39%	–
SPY	New	Spdr S&P 500 ETF Tr (spy)	$484,000	–	2,355	–	0.36%	–
JPM	New	JP Morgan Chase & Co (jpm)	$393,000	–	5,800	–	0.29%	–
BAC	New	Bank Of America (bac)	$361,000	–	21,242	–	0.27%	–
SHG	New	Shinhan Finl Grp Ltd Sp Adr (s	$332,000	–	8,962	–	0.25%	–
IVW	New	Ishares S&P 500 Growth (ivw)	$282,000	–	2,485	–	0.21%	–
TRMK	New	Trustmark (trmk)	$238,000	–	9,542	–	0.18%	–
AMAT	New	Applied Materials (amat)	$226,000	–	11,800	–	0.17%	–
TSM	New	Taiwan Semiconductor (tsm)	$225,000	–	9,915	–	0.17%	–
	New	Siam Commercial Bank (smcbf)	$205,000	–	44,900	–	0.15%	–
BRKB	New	Berkshire Hathaway (brk.b)	$204,000	–	1,500	–	0.15%	–
	New	Land & Houses Pub Co (ldxhf)	$174,000	–	665,100	–	0.13%	–
UGAZ	New	Velocity Shares 3X Long Nat Ga	$95,000	–	45,000	–	0.07%	–
DAKPQ	New	Dakota Plains Holdings (dakp)	$83,000	–	70,000	–	0.06%	–
	New	Pt Indosat (ptitf)	$80,000	–	269,500	–	0.06%	–
	New	Kasikornbank (kpcpf)	$66,000	–	11,900	–	0.05%	–
JOB	New	Job US (job)	$9,000	–	10,000	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
CLWB	Exit	Crown Labs (clwbe)	$0	–	-82,941	–	0.00%	–
	Exit	Kasikornbank (kpcpf)	$0	–	-11,900	–	-0.05%	–
BRKB	Exit	Berkshire Hathaway (brk.b)	$0	–	-1,500	–	-0.13%	–
TRMK	Exit	Trustmark (trmk)	$0	–	-9,542	–	-0.14%	–
AMAT	Exit	Applied Materials (amat)	$0	–	-11,800	–	-0.16%	–
TSM	Exit	Taiwan Semiconductor (tsm)	$0	–	-12,795	–	-0.16%	–
NBG	Exit	Natl Bank of Greece (nbg)	$0	–	-86,790	–	-0.16%	–
IVW	Exit	Ishares S&P 500 Growth (ivw)	$0	–	-2,485	–	-0.17%	–
BMY	Exit	Bristol-Myers Squibb (bmy)	$0	–	-5,180	–	-0.17%	–
	Exit	Siam Commercial Bank (smcbf)	$0	–	-61,700	–	-0.22%	–
OASPQ	Exit	Oasis Petroleum (oas)	$0	–	-8,330	–	-0.22%	–
JPM	Exit	JP Morgan Chase & Co (jpm)	$0	–	-5,800	–	-0.22%	–
MDXG	Exit	Mimedx Group (mdxg)	$0	–	-60,000	–	-0.27%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-16,277	–	-0.31%	–
	Exit	Capitamall Trust (cpamf)	$0	–	-336,000	–	-0.32%	–
	Exit	Singapore Tele (sngnf)	$0	–	-195,467	–	-0.37%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-0.41%	–
HCN	Exit	Health Care Reit (hcn)	$0	–	-12,870	–	-0.51%	–
SIEGY	Exit	Siemens (siegy)	$0	–	-6,880	–	-0.52%	–
GSK	Exit	Glaxo Smithkline (gsk)	$0	–	-18,125	–	-0.52%	–
EVER	Exit	Everbank Financial Corp (ever)	$0	–	-48,830	–	-0.54%	–
BP	Exit	BP Plc (bp)	$0	–	-19,743	–	-0.55%	–
	Exit	Pt Indosat (ptitf)	$0	–	-3,101,953	–	-0.61%	–
EWY	Exit	Ishares MSCI South Korea (ewy)	$0	–	-16,100	–	-0.61%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-10,811	–	-0.64%	–
TXN	Exit	Texas Instruments (txn)	$0	–	-22,285	–	-0.67%	–
RDSB	Exit	Royal Dutch Shell (rdsb)	$0	–	-14,446	–	-0.72%	–
	Exit	Metro Bk & Tr (mtpof)	$0	–	-604,177	–	-0.74%	–
BAC	Exit	Bank Of America (bac)	$0	–	-71,951	–	-0.77%	–
NUE	Exit	Nucor (nue)	$0	–	-25,180	–	-0.86%	–
T	Exit	AT&T Inc (t)	$0	–	-39,849	–	-0.89%	–
VZ	Exit	Verizon Comm (vz)	$0	–	-30,372	–	-0.96%	–
KO	Exit	Coca Cola Company (ko)	$0	–	-40,807	–	-1.10%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-145,509	–	-1.10%	–
DOW	Exit	Dow Chemical (dow)	$0	–	-45,167	–	-1.49%	–
CRS	Exit	Carpenter Technology (crs)	$0	–	-56,996	–	-1.62%	–
SYT	Exit	Syngenta (syt)	$0	–	-42,152	–	-1.68%	–
GE	Exit	General Electric (ge)	$0	–	-109,052	–	-1.76%	–
HLX	Exit	Helix Energy Solutions (hlx)	$0	–	-132,500	–	-1.84%	–
NKE	Exit	Nike Inc (nke)	$0	–	-37,365	–	-2.10%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-61,126	–	-2.28%	–
F113PS	Exit	Covidien (cov)	$0	–	-42,035	–	-2.29%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-33,150	–	-2.40%	–
QCOM	Exit	Qualcomm Inc (qcom)	$0	–	-51,585	–	-2.43%	–
IAU	Exit	Ishares Gold Trust (iau)	$0	–	-353,105	–	-2.61%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-35,595	–	-2.61%	–
C	Exit	Citigroup (c)	$0	–	-83,295	–	-2.72%	–
LFC	Exit	China Life Insurance (lfc)	$0	–	-105,170	–	-2.77%	–
MON	Exit	Monsanto Co (mon)	$0	–	-40,405	–	-2.87%	–
EMC	Exit	EMC Corp (emc)	$0	–	-165,020	–	-3.04%	–
ABBV	Exit	Abbvie Inc (abbv)	$0	–	-85,662	–	-3.12%	–
DD	Exit	DuPont EI DeNemour (dd)	$0	–	-71,217	–	-3.22%	–
CSCO	Exit	Cisco Systems (csco)	$0	–	-217,346	–	-3.45%	–
INTC	Exit	Intel (intc)	$0	–	-175,251	–	-3.85%	–
CVS	Exit	CVS Health (cvs)	$0	–	-79,285	–	-3.98%	–
SLB	Exit	Schlumberger (slb)	$0	–	-71,500	–	-4.58%	–
DVN	Exit	Devon Energy (dvn)	$0	–	-111,150	–	-4.78%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-200,347	–	-5.86%	–
IBM	Exit	Intl Business Machines (ibm)	$0	–	-50,211	–	-6.01%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-138,893	–	-8.83%	–

Q3 2014

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Inc (aapl)	$13,993,000	+8.2%	138,893	-0.2%	8.83%	+7.0%
IBM	Buy	Intl Business Machines (ibm)	$9,531,000	+119.6%	50,211	+109.7%	6.01%	+117.1%
MSFT	Sell	Microsoft Corp (msft)	$9,288,000	+8.6%	200,347	-2.3%	5.86%	+7.3%
DVN	Buy	Devon Energy (dvn)	$7,578,000	-11.4%	111,150	+3.1%	4.78%	-12.5%
SLB	Buy	Schlumberger (slb)	$7,270,000	-11.1%	71,500	+3.2%	4.58%	-12.1%
INTC	Sell	Intel (intc)	$6,102,000	+12.5%	175,251	-0.2%	3.85%	+11.2%
CSCO	Buy	Cisco Systems (csco)	$5,470,000	+9.6%	217,346	+8.2%	3.45%	+8.3%
DD	Buy	DuPont EI DeNemour (dd)	$5,110,000	+11.3%	71,217	+1.5%	3.22%	+10.0%
ABBV	Buy	Abbvie Inc (abbv)	$4,947,000	+2.8%	85,662	+0.4%	3.12%	+1.6%
EMC	Sell	EMC Corp (emc)	$4,828,000	+11.0%	165,020	-0.1%	3.04%	+9.7%
MON	Buy	Monsanto Co (mon)	$4,545,000	-5.7%	40,405	+4.6%	2.87%	-6.8%
LFC	Sell	China Life Insurance (lfc)	$4,385,000	+6.3%	105,170	-0.1%	2.77%	+5.1%
GLD	Sell	Spdr Gold Tr Spdr (gld)	$4,136,000	-9.3%	35,595	-0.0%	2.61%	-10.3%
IAU	Sell	Ishares Gold Trust (iau)	$4,131,000	-9.2%	353,105	-0.1%	2.61%	-10.2%
QCOM	Sell	Qualcomm Inc (qcom)	$3,857,000	-5.7%	51,585	-0.1%	2.43%	-6.8%
F113PS	Sell	Covidien (cov)	$3,636,000	-8.1%	42,035	-4.2%	2.29%	-9.2%
MRK	Sell	Merck & Co (mrk)	$3,623,000	+1.9%	61,126	-0.5%	2.28%	+0.7%
HLX	New	Helix Energy Solutions (hlx)	$2,922,000	–	132,500	–	1.84%	–
GE	Buy	General Electric (ge)	$2,793,000	+1.2%	109,052	+3.9%	1.76%	+0.1%
SYT	Buy	Syngenta (syt)	$2,671,000	-12.1%	42,152	+3.8%	1.68%	-13.1%
DOW	Buy	Dow Chemical (dow)	$2,368,000	+1.9%	45,167	+0.0%	1.49%	+0.7%
KO	Buy	Coca Cola Company (ko)	$1,740,000	+2.1%	40,807	+1.4%	1.10%	+0.8%
VZ	Buy	Verizon Comm (vz)	$1,518,000	+2.2%	30,372	+0.0%	0.96%	+0.9%
T	Buy	AT&T Inc (t)	$1,404,000	+4.9%	39,849	+5.3%	0.89%	+3.7%
NUE	Sell	Nucor (nue)	$1,366,000	+9.9%	25,180	-0.3%	0.86%	+8.7%
RDSB	Buy	Royal Dutch Shell (rdsb)	$1,142,000	+7.9%	14,446	+18.8%	0.72%	+6.7%
XOM	Buy	Exxon Mobil Corp (xom)	$1,016,000	+5.7%	10,811	+13.2%	0.64%	+4.6%
EWY	Buy	Ishares MSCI South Korea (ewy)	$974,000	+57.1%	16,100	+68.7%	0.61%	+55.1%
BP	Buy	BP Plc (bp)	$867,000	-12.0%	19,743	+5.6%	0.55%	-12.9%
EVER	Sell	Everbank Financial Corp (ever)	$862,000	-19.4%	48,830	-8.0%	0.54%	-20.2%
GSK	Buy	Glaxo Smithkline (gsk)	$833,000	-11.2%	18,125	+3.3%	0.52%	-12.2%
SIEGY	Buy	Siemens (siegy)	$819,000	-8.8%	6,880	+1.2%	0.52%	-9.8%
HCN	Buy	Health Care Reit (hcn)	$802,000	+15.6%	12,870	+16.2%	0.51%	+14.2%
MDXG	Buy	Mimedx Group (mdxg)	$427,000	+67.5%	60,000	+66.7%	0.27%	+65.0%
IVW	Sell	Ishares S&P 500 Growth (ivw)	$265,000	+0.4%	2,485	-1.0%	0.17%	-0.6%
NBG	New	Natl Bank of Greece (nbg)	$261,000	–	86,790	–	0.16%	–
TSM	New	Taiwan Semiconductor (tsm)	$258,000	–	12,795	–	0.16%	–
AMAT	New	Applied Materials (amat)	$254,000	–	11,800	–	0.16%	–
BRKB	New	Berkshire Hathaway (brk.b)	$207,000	–	1,500	–	0.13%	–
SPY	Exit	Spdr S&P 500 ETF Tr (spy)	$0	–	-2,035	–	-0.25%	–
PHI	Exit	Philippine Long Distance (phi)	$0	–	-45,250	–	-1.94%	–
PFE	Exit	Pfizer Inc (pfe)	$0	–	-169,083	–	-3.20%	–

Q2 2014

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc (aapl)	$12,931,000	–	139,153	–	8.25%	–
DVN	New	Devon Energy (dvn)	$8,557,000	–	107,780	–	5.46%	–
MSFT	New	Microsoft Corp (msft)	$8,553,000	–	205,125	–	5.46%	–
SLB	New	Schlumberger (slb)	$8,174,000	–	69,305	–	5.22%	–
CVS	New	CVS Caremark (cvs)	$5,975,000	–	79,285	–	3.81%	–
INTC	New	Intel (intc)	$5,425,000	–	175,577	–	3.46%	–
PFE	New	Pfizer Inc (pfe)	$5,018,000	–	169,083	–	3.20%	–
CSCO	New	Cisco Systems (csco)	$4,993,000	–	200,953	–	3.19%	–
MON	New	Monsanto Co (mon)	$4,819,000	–	38,635	–	3.08%	–
ABBV	New	Abbvie Inc (abbv)	$4,813,000	–	85,291	–	3.07%	–
DD	New	DuPont EI DeNemour (dd)	$4,591,000	–	70,156	–	2.93%	–
GLD	New	Spdr Gold Tr Spdr (gld)	$4,558,000	–	35,601	–	2.91%	–
IAU	New	Ishares Gold Trust (iau)	$4,550,000	–	353,335	–	2.90%	–
EMC	New	EMC Corp (emc)	$4,349,000	–	165,115	–	2.78%	–
IBM	New	Intl Business Machines (ibm)	$4,340,000	–	23,943	–	2.77%	–
LFC	New	China Life Insurance (lfc)	$4,126,000	–	105,235	–	2.63%	–
QCOM	New	Qualcomm Inc (qcom)	$4,090,000	–	51,650	–	2.61%	–
F113PS	New	Covidien (cov)	$3,956,000	–	43,875	–	2.52%	–
C	New	Citigroup (c)	$3,923,000	–	83,295	–	2.50%	–
ECL	New	Ecolab Inc (ecl)	$3,690,000	–	33,150	–	2.35%	–
CRS	New	Carpenter Technology (crs)	$3,604,000	–	56,996	–	2.30%	–
MRK	New	Merck & Co (mrk)	$3,555,000	–	61,455	–	2.27%	–
PHI	New	Philippine Long Distance (phi)	$3,048,000	–	45,250	–	1.94%	–
SYT	New	Syngenta (syt)	$3,037,000	–	40,613	–	1.94%	–
NKE	New	Nike Inc (nke)	$2,897,000	–	37,365	–	1.85%	–
GE	New	General Electric (ge)	$2,759,000	–	104,987	–	1.76%	–
DOW	New	Dow Chemical (dow)	$2,324,000	–	45,165	–	1.48%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$1,858,000	–	145,509	–	1.19%	–
KO	New	Coca Cola Company (ko)	$1,705,000	–	40,256	–	1.09%	–
VZ	New	Verizon Comm (vz)	$1,486,000	–	30,370	–	0.95%	–
T	New	AT&T Inc (t)	$1,338,000	–	37,861	–	0.85%	–
NUE	New	Nucor (nue)	$1,243,000	–	25,258	–	0.79%	–
	New	Metro Bk & Tr (mtpof)	$1,209,000	–	604,177	–	0.77%	–
BAC	New	Bank Of America (bac)	$1,105,000	–	71,951	–	0.70%	–
EVER	New	Everbank Financial Corp (ever)	$1,069,000	–	53,070	–	0.68%	–
TXN	New	Texas Instruments (txn)	$1,065,000	–	22,285	–	0.68%	–
RDSB	New	Royal Dutch Shell (rdsb)	$1,058,000	–	12,160	–	0.68%	–
BP	New	BP Plc (bp)	$985,000	–	18,691	–	0.63%	–
	New	Pt Indosat (ptitf)	$964,000	–	3,101,953	–	0.62%	–
XOM	New	Exxon Mobil Corp (xom)	$961,000	–	9,550	–	0.61%	–
GSK	New	Glaxo Smithkline (gsk)	$938,000	–	17,543	–	0.60%	–
SIEGY	New	Siemens (siegy)	$898,000	–	6,800	–	0.57%	–
HCN	New	Health Care Reit (hcn)	$694,000	–	11,080	–	0.44%	–
AMT	New	American Tower (amt)	$629,000	–	7,000	–	0.40%	–
EWY	New	Ishares MSCI South Korea (ewy)	$620,000	–	9,545	–	0.40%	–
	New	Singapore Tele (sngnf)	$603,000	–	195,467	–	0.38%	–
	New	Capitamall Trust (cpamf)	$532,000	–	336,000	–	0.34%	–
CHT	New	Chunghwa Telecm (cht)	$521,000	–	16,277	–	0.33%	–
OASPQ	New	Oasis Petroleum (oas)	$465,000	–	8,330	–	0.30%	–
SPY	New	Spdr S&P 500 ETF Tr (spy)	$398,000	–	2,035	–	0.25%	–
JPM	New	JP Morgan Chase & Co (jpm)	$334,000	–	5,800	–	0.21%	–
	New	Siam Commercial Bank (smcbf)	$314,000	–	61,700	–	0.20%	–
IVW	New	Ishares S&P 500 Growth (ivw)	$264,000	–	2,511	–	0.17%	–
MDXG	New	Mimedx Group (mdxg)	$255,000	–	36,000	–	0.16%	–
BMY	New	Bristol-Myers Squibb (bmy)	$251,000	–	5,180	–	0.16%	–
TRMK	New	Trustmark (trmk)	$235,000	–	9,542	–	0.15%	–
	New	Kasikornbank (kpcpf)	$74,000	–	11,900	–	0.05%	–
CLWB	New	Crown Labs (clwbe)	$0	–	82,941	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
CLWB	Exit	Crown Labs (clwbe)	$0	–	-82,941	–	0.00%	–
BSBR	Exit	Banco Santander (bsbr)	$0	–	-10,303	–	-0.05%	–
MDXG	Exit	Mimedx Group (mdxg)	$0	–	-36,000	–	-0.10%	–
AUY	Exit	Yamana Gold (auy)	$0	–	-19,500	–	-0.14%	–
BAC	Exit	Bank Of America (bac)	$0	–	-15,660	–	-0.15%	–
BMY	Exit	Bristol-Myers Squibb (bmy)	$0	–	-5,180	–	-0.17%	–
JPM	Exit	JP Morgan Chase & Co (jpm)	$0	–	-5,800	–	-0.21%	–
MNKKQ	Exit	Mallinckrodt (mnk)	$0	–	-7,006	–	-0.21%	–
RHHBY	Exit	Roche Holding (rhhby)	$0	–	-7,120	–	-0.33%	–
AMT	Exit	American Tower (amt)	$0	–	-7,000	–	-0.36%	–
CHT	Exit	Chunghwa Telecm (cht)	$0	–	-26,021	–	-0.57%	–
LLTC	Exit	Linear Technology (lltc)	$0	–	-22,320	–	-0.61%	–
BP	Exit	BP Plc (bp)	$0	–	-21,646	–	-0.63%	–
ABBV	Exit	Abbvie Inc (abbv)	$0	–	-20,664	–	-0.64%	–
	Exit	Capitamall Trust (cpamf)	$0	–	-610,000	–	-0.66%	–
SIEGY	Exit	Siemens (si)	$0	–	-8,205	–	-0.68%	–
GSK	Exit	Glaxo Smithkline (gsk)	$0	–	-19,865	–	-0.69%	–
	Exit	Singapore Tele (sngnf)	$0	–	-362,667	–	-0.74%	–
RDSB	Exit	Royal Dutch Shell (rdsb)	$0	–	-15,690	–	-0.75%	–
RIG	Exit	Transocean (rig)	$0	–	-24,620	–	-0.76%	–
DOW	Exit	Dow Chemical (dow)	$0	–	-28,715	–	-0.76%	–
VXX	Exit	iPath S&P 500 VIX (vxx)	$0	–	-80,047	–	-0.81%	–
BBVA	Exit	Banco Bilbao Argen Adr (bbva)	$0	–	-112,880	–	-0.87%	–
VZ	Exit	Verizon Comm (vz)	$0	–	-31,109	–	-1.00%	–
EVER	Exit	Everbank Financial Corp (ever)	$0	–	-100,000	–	-1.03%	–
	Exit	Pt Indosat (ptitf)	$0	–	-5,220,621	–	-1.29%	–
KO	Exit	Coca Cola Company (ko)	$0	–	-57,262	–	-1.50%	–
GE	Exit	General Electric (ge)	$0	–	-91,014	–	-1.50%	–
XOM	Exit	Exxon Mobil Corp (xom)	$0	–	-33,650	–	-2.00%	–
EUM	Exit	Proshares Short MSCI (eum)	$0	–	-107,745	–	-2.05%	–
MLM	Exit	Martin Marietta Materials (mlm	$0	–	-31,737	–	-2.15%	–
EMC	Exit	EMC Corp (emc)	$0	–	-130,045	–	-2.30%	–
NKE	Exit	Nike Inc (nke)	$0	–	-45,815	–	-2.30%	–
F113PS	Exit	Covidien (cov)	$0	–	-56,680	–	-2.38%	–
PWR	Exit	Quanta Services (pwr)	$0	–	-129,685	–	-2.46%	–
	Exit	Metro Bk & Tr (mtpof)	$0	–	-1,879,046	–	-2.47%	–
PHI	Exit	Philippine Long Distance (phi)	$0	–	-55,540	–	-2.60%	–
QCOM	Exit	Qualcomm Inc (qcom)	$0	–	-59,380	–	-2.76%	–
SYT	Exit	Syngenta (syt)	$0	–	-50,978	–	-2.86%	–
DD	Exit	DuPont EI DeNemour (dd)	$0	–	-75,014	–	-3.03%	–
DVN	Exit	Devon Energy (dvn)	$0	–	-77,385	–	-3.09%	–
NBR	Exit	Nabors Indus (nbr)	$0	–	-279,913	–	-3.10%	–
CSCO	Exit	Cisco Systems (csco)	$0	–	-192,105	–	-3.11%	–
AAPL	Exit	Apple Inc (aapl)	$0	–	-10,129	–	-3.33%	–
INTC	Exit	Intel (intc)	$0	–	-212,232	–	-3.36%	–
MON	Exit	Monsanto Co (mon)	$0	–	-47,495	–	-3.42%	–
MRK	Exit	Merck & Co (mrk)	$0	–	-109,470	–	-3.60%	–
PXD	Exit	Pioneer Natural Res (pxd)	$0	–	-28,056	–	-3.66%	–
MSFT	Exit	Microsoft Corp (msft)	$0	–	-166,015	–	-3.81%	–
CVS	Exit	CVS Caremark (cvs)	$0	–	-97,715	–	-3.83%	–
ECL	Exit	Ecolab Inc (ecl)	$0	–	-56,175	–	-3.83%	–
PFE	Exit	Pfizer Inc (pfe)	$0	–	-205,360	–	-4.07%	–
SLB	Exit	Schlumberger (slb)	$0	–	-66,935	–	-4.08%	–
GLD	Exit	Spdr Gold Tr Spdr (gld)	$0	–	-80,642	–	-7.14%	–

Q3 2013

			Value		Shares		↓ Weighting
GLD	Sell	Spdr Gold Tr Spdr (gld)	$10,337,000	+7.5%	80,642	-0.1%	7.14%	+8.3%
SLB	Buy	Schlumberger (slb)	$5,914,000	+23.5%	66,935	+0.1%	4.08%	+24.4%
PFE	Buy	Pfizer Inc (pfe)	$5,899,000	+10.2%	205,360	+7.4%	4.07%	+10.9%
ECL	Buy	Ecolab Inc (ecl)	$5,548,000	+16.4%	56,175	+0.4%	3.83%	+17.2%
CVS	Buy	CVS Caremark (cvs)	$5,545,000	+1.4%	97,715	+2.2%	3.83%	+2.1%
MSFT	Buy	Microsoft Corp (msft)	$5,525,000	-1.1%	166,015	+2.7%	3.81%	-0.4%
PXD	Buy	Pioneer Natural Res (pxd)	$5,297,000	+30.5%	28,056	+0.0%	3.66%	+31.4%
MRK	Buy	Merck & Co (mrk)	$5,212,000	+3.6%	109,470	+1.0%	3.60%	+4.3%
MON	Buy	Monsanto Co (mon)	$4,957,000	+6.0%	47,495	+0.3%	3.42%	+6.7%
INTC	Buy	Intel (intc)	$4,865,000	+1.2%	212,232	+6.9%	3.36%	+1.9%
AAPL	Buy	Apple Inc (aapl)	$4,829,000	+20.3%	10,129	+0.0%	3.33%	+21.1%
CSCO	Buy	Cisco Systems (csco)	$4,501,000	-1.8%	192,105	+2.0%	3.11%	-1.1%
NBR	Buy	Nabors Indus (nbr)	$4,495,000	+5.1%	279,913	+0.2%	3.10%	+5.8%
DVN	Buy	Devon Energy (dvn)	$4,470,000	+11.4%	77,385	+0.0%	3.09%	+12.1%
DD	Buy	DuPont EI DeNemour (dd)	$4,393,000	+33.1%	75,014	+19.3%	3.03%	+34.0%
SYT	Buy	Syngenta (syt)	$4,145,000	+4.8%	50,978	+0.3%	2.86%	+5.5%
QCOM	Buy	Qualcomm Inc (qcom)	$3,997,000	+10.5%	59,380	+0.3%	2.76%	+11.2%
PHI	Sell	Philippine Long Distance (phi)	$3,768,000	-1.1%	55,540	-1.1%	2.60%	-0.5%
	Buy	Metro Bk & Tr (mtpof)	$3,582,000	-6.7%	1,879,046	+25.7%	2.47%	-6.1%
PWR	Buy	Quanta Services (pwr)	$3,568,000	+4.3%	129,685	+0.3%	2.46%	+5.0%
F113PS	Buy	Covidien (cov)	$3,454,000	-2.6%	56,680	+0.4%	2.38%	-2.0%
NKE	Buy	Nike Inc (nke)	$3,328,000	+14.6%	45,815	+0.4%	2.30%	+15.3%
EMC	Buy	EMC Corp (emc)	$3,324,000	+8.6%	130,045	+0.3%	2.30%	+9.3%
MLM	New	Martin Marietta Materials (mlm	$3,116,000	–	31,737	–	2.15%	–
EUM	Sell	Proshares Short MSCI (eum)	$2,967,000	-23.2%	107,745	-17.3%	2.05%	-22.7%
XOM	Buy	Exxon Mobil Corp (xom)	$2,895,000	-2.8%	33,650	+2.0%	2.00%	-2.2%
GE	Buy	General Electric (ge)	$2,174,000	+3.7%	91,014	+0.7%	1.50%	+4.5%
KO	Buy	Coca Cola Company (ko)	$2,169,000	-4.1%	57,262	+1.5%	1.50%	-3.5%
	Sell	Pt Indosat (ptitf)	$1,871,000	-35.8%	5,220,621	-5.2%	1.29%	-35.3%
VZ	Buy	Verizon Comm (vz)	$1,452,000	-6.8%	31,109	+0.5%	1.00%	-6.2%
VXX	Buy	iPath S&P 500 VIX (vxx)	$1,177,000	-5.4%	80,047	+33.3%	0.81%	-4.7%
DOW	Buy	Dow Chemical (dow)	$1,103,000	+34.3%	28,715	+12.5%	0.76%	+35.2%
RIG	Buy	Transocean (rig)	$1,096,000	-5.3%	24,620	+2.1%	0.76%	-4.5%
RDSB	Buy	Royal Dutch Shell (rdsb)	$1,080,000	+4.1%	15,690	+0.3%	0.75%	+4.9%
	Sell	Singapore Tele (sngnf)	$1,078,000	-16.4%	362,667	-16.4%	0.74%	-15.8%
GSK	Buy	Glaxo Smithkline (gsk)	$997,000	+3.6%	19,865	+3.2%	0.69%	+4.2%
SIEGY	Sell	Siemens (si)	$989,000	-6.9%	8,205	-21.7%	0.68%	-6.2%
	Sell	Capitamall Trust (cpamf)	$953,000	-16.8%	610,000	-16.2%	0.66%	-16.2%
ABBV	Buy	Abbvie Inc (abbv)	$924,000	+9.0%	20,664	+0.7%	0.64%	+9.8%
BP	Buy	BP Plc (bp)	$910,000	+1.0%	21,646	+0.3%	0.63%	+1.6%
LLTC	Buy	Linear Technology (lltc)	$885,000	+9.1%	22,320	+1.4%	0.61%	+9.9%
CHT	Sell	Chunghwa Telecm (cht)	$822,000	-8.3%	26,021	-6.7%	0.57%	-7.7%
MNKKQ	New	Mallinckrodt (mnk)	$309,000	–	7,006	–	0.21%	–
JPM	Buy	JP Morgan Chase & Co (jpm)	$300,000	+13.6%	5,800	+16.0%	0.21%	+14.4%
MDXG	Buy	Mimedx Group (mdxg)	$150,000	+1.4%	36,000	+71.4%	0.10%	+3.0%
BSBR	Sell	Banco Santander (bsbr)	$72,000	-43.8%	10,303	-50.1%	0.05%	-43.2%
NEM	Exit	Newmont Mining (nem)	$0	–	-7,100	–	-0.15%	–
EMR	Exit	Emerson Elec Co (emr)	$0	–	-14,895	–	-0.56%	–
SNY	Exit	Sanofi-Aventis (sny)	$0	–	-26,480	–	-0.94%	–
AMAT	Exit	Applied Materials (amat)	$0	–	-103,345	–	-1.06%	–
DE	Exit	Deere & Co (de)	$0	–	-35,195	–	-1.96%	–
HD	Exit	Home Depot (hd)	$0	–	-51,622	–	-2.74%	–

Q2 2013

			Value		Shares		↓ Weighting
GLD	New	Spdr Gold Tr Spdr (gld)	$9,615,000	–	80,727	–	6.59%	–
MSFT	New	Microsoft Corp (msft)	$5,584,000	–	161,659	–	3.83%	–
CVS	New	CVS Caremark (cvs)	$5,470,000	–	95,655	–	3.75%	–
PFE	New	Pfizer Inc (pfe)	$5,355,000	–	191,185	–	3.67%	–
MRK	New	Merck & Co (mrk)	$5,033,000	–	108,343	–	3.45%	–
INTC	New	Intel (intc)	$4,809,000	–	198,493	–	3.30%	–
SLB	New	Schlumberger (slb)	$4,789,000	–	66,835	–	3.28%	–
ECL	New	Ecolab Inc (ecl)	$4,765,000	–	55,935	–	3.27%	–
MON	New	Monsanto Co (mon)	$4,677,000	–	47,335	–	3.21%	–
CSCO	New	Cisco Systems (csco)	$4,584,000	–	188,367	–	3.14%	–
NBR	New	Nabors Indus (nbr)	$4,276,000	–	279,292	–	2.93%	–
PXD	New	Pioneer Natural Res (pxd)	$4,060,000	–	28,046	–	2.78%	–
DVN	New	Devon Energy (dvn)	$4,014,000	–	77,380	–	2.75%	–
AAPL	New	Apple Inc (aapl)	$4,014,000	–	10,124	–	2.75%	–
HD	New	Home Depot (hd)	$3,999,000	–	51,622	–	2.74%	–
SYT	New	Syngenta (syt)	$3,957,000	–	50,818	–	2.71%	–
EUM	New	Proshares Short MSCI (eum)	$3,862,000	–	130,225	–	2.65%	–
	New	Metro Bk & Tr (mtpof)	$3,841,000	–	1,494,890	–	2.63%	–
PHI	New	Philippine Long Distance (phi)	$3,811,000	–	56,155	–	2.61%	–
QCOM	New	Qualcomm Inc (qcom)	$3,618,000	–	59,230	–	2.48%	–
F113PS	New	Covidien (cov)	$3,547,000	–	56,450	–	2.43%	–
PWR	New	Quanta Services (pwr)	$3,420,000	–	129,250	–	2.34%	–
DD	New	DuPont EI DeNemour (dd)	$3,301,000	–	62,884	–	2.26%	–
EMC	New	EMC Corp (emc)	$3,062,000	–	129,625	–	2.10%	–
XOM	New	Exxon Mobil Corp (xom)	$2,979,000	–	32,975	–	2.04%	–
	New	Pt Indosat (ptitf)	$2,914,000	–	5,508,121	–	2.00%	–
NKE	New	Nike Inc (nke)	$2,905,000	–	45,615	–	1.99%	–
DE	New	Deere & Co (de)	$2,860,000	–	35,195	–	1.96%	–
KO	New	Coca Cola Company (ko)	$2,262,000	–	56,404	–	1.55%	–
GE	New	General Electric (ge)	$2,096,000	–	90,395	–	1.44%	–
EVER	New	Everbank Financial Corp (ever)	$1,656,000	–	100,000	–	1.14%	–
VZ	New	Verizon Comm (vz)	$1,558,000	–	30,953	–	1.07%	–
AMAT	New	Applied Materials (amat)	$1,542,000	–	103,345	–	1.06%	–
SNY	New	Sanofi-Aventis (sny)	$1,364,000	–	26,480	–	0.94%	–
	New	Singapore Tele (sngnf)	$1,290,000	–	434,000	–	0.88%	–
VXX	New	iPath S&P 500 VIX (vxx)	$1,244,000	–	60,047	–	0.85%	–
RIG	New	Transocean (rig)	$1,157,000	–	24,120	–	0.79%	–
	New	Capitamall Trust (cpamf)	$1,145,000	–	728,000	–	0.78%	–
SIEGY	New	Siemens (si)	$1,062,000	–	10,480	–	0.73%	–
RDSB	New	Royal Dutch Shell (rdsb)	$1,037,000	–	15,645	–	0.71%	–
GSK	New	Glaxo Smithkline (gsk)	$962,000	–	19,255	–	0.66%	–
BBVA	New	Banco Bilbao Argen Adr (bbva)	$949,000	–	112,880	–	0.65%	–
BP	New	BP Plc (bp)	$901,000	–	21,581	–	0.62%	–
CHT	New	Chunghwa Telecm (cht)	$896,000	–	27,891	–	0.61%	–
ABBV	New	Abbvie Inc (abbv)	$848,000	–	20,519	–	0.58%	–
DOW	New	Dow Chemical (dow)	$821,000	–	25,520	–	0.56%	–
EMR	New	Emerson Elec Co (emr)	$812,000	–	14,895	–	0.56%	–
LLTC	New	Linear Technology (lltc)	$811,000	–	22,015	–	0.56%	–
AMT	New	American Tower (amt)	$512,000	–	7,000	–	0.35%	–
RHHBY	New	Roche Holding (rhhby)	$442,000	–	7,120	–	0.30%	–
JPM	New	JP Morgan Chase & Co (jpm)	$264,000	–	5,000	–	0.18%	–
BMY	New	Bristol-Myers Squibb (bmy)	$231,000	–	5,180	–	0.16%	–
NEM	New	Newmont Mining (nem)	$213,000	–	7,100	–	0.15%	–
BAC	New	Bank Of America (bac)	$201,000	–	15,660	–	0.14%	–
AUY	New	Yamana Gold (auy)	$185,000	–	19,500	–	0.13%	–
MDXG	New	Mimedx Group (mdxg)	$148,000	–	21,000	–	0.10%	–
BSBR	New	Banco Santander (bsbr)	$128,000	–	20,636	–	0.09%	–
CLWB	New	Crown Labs (clwbe)	$0	–	82,941	–	0.00%	–

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