HOWARD HUGHES MEDICAL INSTITUTE Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
DT	Sell	DYNATRACE INC	$15,420,900	-70.9%	330,000	-68.0%	78.75%	+4.6%
PCT	Sell	PURECYCLE TECHNOLOGIES INC	$4,162,009	-76.1%	741,891	-54.4%	21.25%	-14.0%

Q2 2023

			Value		Shares		↓ Weighting
DT	New	DYNATRACE INC	$53,014,100	–	1,030,000	–	75.28%	–
PCT	New	PURECYCLE TECHNOLOGIES INC	$17,409,413	–	1,628,570	–	24.72%	–

Q4 2022

			Value		Shares		↓ Weighting
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-5,500	–	-0.06%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-5,000	–	-0.08%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,000	–	-0.20%	–
INTC	Exit	INTEL CORP	$0	–	-114,000	–	-0.84%	–
MCD	Exit	MCDONALDS CORP	$0	–	-14,000	–	-0.92%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-42,000	–	-1.01%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-28,000	–	-1.12%	–
BLL	Exit	BALL CORP	$0	–	-82,000	–	-1.13%	–
PEP	Exit	PEPSICO INC	$0	–	-25,000	–	-1.16%	–
KO	Exit	COCA COLA CO	$0	–	-74,000	–	-1.18%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-28,000	–	-1.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-20,000	–	-1.52%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-27,500	–	-1.68%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-65,000	–	-1.73%	–
QCOM	Exit	QUALCOMM INC	$0	–	-55,000	–	-1.77%	–
C	Exit	CITIGROUP INC	$0	–	-150,000	–	-1.78%	–
HD	Exit	HOME DEPOT INC	$0	–	-23,000	–	-1.80%	–
SONY	Exit	SONY GROUP CORPORATIONsponsored adr	$0	–	-105,000	–	-1.91%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-100,000	–	-1.95%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-85,000	–	-2.08%	–
BBY	Exit	BEST BUY INC	$0	–	-126,000	–	-2.27%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-5,100	–	-2.38%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-30,000	–	-2.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-37,000	–	-2.45%	–
AMZN	Exit	AMAZON COM INC	$0	–	-80,000	–	-2.57%	–
DIS	Exit	DISNEY WALT CO	$0	–	-100,000	–	-2.68%	–
DE	Exit	DEERE & CO	$0	–	-30,000	–	-2.85%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-20,000	–	-2.88%	–
TM	Exit	TOYOTA MOTOR CORPads	$0	–	-80,000	–	-2.96%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-66,000	–	-3.03%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-93,000	–	-3.12%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-83,000	–	-3.20%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-32,000	–	-3.52%	–
PCT	Exit	PURECYCLE TECHNOLOGIES INC	$0	–	-1,628,570	–	-3.74%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-157,000	–	-3.79%	–
V	Exit	VISA INC	$0	–	-81,000	–	-4.09%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-405,000	–	-4.13%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-143,000	–	-4.26%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-205,000	–	-5.60%	–
DT	Exit	DYNATRACE INC	$0	–	-1,292,413	–	-12.79%	–

Q3 2022

			Value		Shares		↓ Weighting
GOOG	Buy	ALPHABET INCcap stk cl c	$19,711,000	+80.2%	205,000	+4000.0%	5.60%	-5.2%
DKS	New	DICKS SPORTING GOODS INC	$14,964,000	–	143,000	–	4.26%	–
SLB	New	SCHLUMBERGER LTD	$14,540,000	–	405,000	–	4.13%	–
V	Buy	VISA INC	$14,390,000	+82.7%	81,000	+102.5%	4.09%	-3.9%
RL	New	RALPH LAUREN CORPcl a	$13,334,000	–	157,000	–	3.79%	–
LMT	New	LOCKHEED MARTIN CORP	$12,361,000	–	32,000	–	3.52%	–
FB	New	META PLATFORMS INCcl a	$11,261,000	–	83,000	–	3.20%	–
WSM	New	WILLIAMS SONOMA INC	$10,960,000	–	93,000	–	3.12%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$10,662,000	–	66,000	–	3.03%	–
MSFT	New	MICROSOFT CORP	$8,617,000	–	37,000	–	2.45%	–
BKNG	New	BOOKING HOLDINGS INC	$8,380,000	–	5,100	–	2.38%	–
BBY	New	BEST BUY INC	$7,981,000	–	126,000	–	2.27%	–
PYPL	New	PAYPAL HLDGS INC	$7,316,000	–	85,000	–	2.08%	–
HD	New	HOME DEPOT INC	$6,347,000	–	23,000	–	1.80%	–
QCOM	New	QUALCOMM INC	$6,214,000	–	55,000	–	1.77%	–
DEO	New	DIAGEO PLCspon adr new	$4,755,000	–	28,000	–	1.35%	–
KO	New	COCA COLA CO	$4,145,000	–	74,000	–	1.18%	–
PEP	New	PEPSICO INC	$4,082,000	–	25,000	–	1.16%	–
BLL	New	BALL CORP	$3,962,000	–	82,000	–	1.13%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$3,924,000	–	28,000	–	1.12%	–
SBUX	New	STARBUCKS CORP	$3,539,000	–	42,000	–	1.01%	–
MCD	New	MCDONALDS CORP	$3,230,000	–	14,000	–	0.92%	–
INTC	New	INTEL CORP	$2,938,000	–	114,000	–	0.84%	–

Q2 2022

			Value		Shares		↓ Weighting
DT	New	DYNATRACE INC	$50,973,000	–	1,292,413	–	27.54%	–
TM	New	TOYOTA MOTOR CORP	$12,334,000	–	80,000	–	6.66%	–
PCT	New	PURECYCLE TECHNOLOGIES INC	$12,084,000	–	1,628,570	–	6.53%	–
GOOG	New	ALPHABET INCcap stk cl c	$10,937,000	–	5,000	–	5.91%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$10,866,000	–	20,000	–	5.87%	–
MA	New	MASTERCARD INCORPORATEDcl a	$9,464,000	–	30,000	–	5.11%	–
DIS	New	DISNEY WALT CO	$9,440,000	–	100,000	–	5.10%	–
DE	New	DEERE & CO	$8,984,000	–	30,000	–	4.86%	–
SONY	New	SONY CORPsponsored adr	$8,586,000	–	105,000	–	4.64%	–
AMZN	New	AMAZON COM INC	$8,497,000	–	80,000	–	4.59%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$8,175,000	–	100,000	–	4.42%	–
V	New	VISA INC	$7,876,000	–	40,000	–	4.26%	–
AMT	New	AMERICAN TOWER CORP NEW	$7,029,000	–	27,500	–	3.80%	–
C	New	CITIGROUP INC	$6,899,000	–	150,000	–	3.73%	–
EXPE	New	EXPEDIA GROUP INC	$6,164,000	–	65,000	–	3.33%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,460,000	–	20,000	–	2.95%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$755,000	–	2,000	–	0.41%	–
EFA	New	ISHARES TRmsci eafe etf	$312,000	–	5,000	–	0.17%	–
EEM	New	ISHARES TRmsci emg mkt etf	$221,000	–	5,500	–	0.12%	–

Q4 2021

			Value		Shares		↓ Weighting
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-6,000	–	-0.10%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-5,000	–	-0.13%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,000	–	-0.29%	–
	Exit	N-ABLE INC	$0	–	-247,973	–	-1.04%	–
	Exit	SOLARWINDS CORP	$0	–	-247,973	–	-1.40%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,500	–	-1.66%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,000	–	-2.03%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-27,500	–	-2.46%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-45,000	–	-2.49%	–
V	Exit	VISA INC	$0	–	-40,000	–	-3.00%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-90,000	–	-3.39%	–
DE	Exit	DEERE & CO	$0	–	-30,000	–	-3.39%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-30,000	–	-3.52%	–
C	Exit	CITIGROUP INC	$0	–	-150,000	–	-3.55%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-20,000	–	-3.85%	–
SONY	Exit	SONY GROUP CORPORATIONsponsored adr	$0	–	-105,000	–	-3.92%	–
DIS	Exit	DISNEY WALT CO	$0	–	-70,000	–	-3.99%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-45,000	–	-4.14%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-5,000	–	-4.49%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-80,000	–	-4.79%	–
PCT	Exit	PURECYCLE TECHNOLOGIES INC	$0	–	-1,200,000	–	-5.37%	–
CERT	Exit	CERTARA INC	$0	–	-901,885	–	-10.06%	–
DT	Exit	DYNATRACE INC	$0	–	-1,292,413	–	-30.92%	–

Q3 2021

			Value		Shares		↓ Weighting
CERT	Sell	CERTARA INC	$29,852,000	-15.4%	901,885	-31.2%	10.06%	-14.7%
	New	SOLARWINDS CORP	$4,149,000	–	247,973	–	1.40%	–
	New	N-ABLE INC	$3,077,000	–	247,973	–	1.04%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.07%	–
SWI	Exit	SOLARWINDS CORP	$0	–	-495,946	–	-2.80%	–

Q2 2021

			Value		Shares		↓ Weighting
DT	New	DYNATRACE INC	$75,503,000	–	1,292,413	–	25.25%	–
CERT	New	CERTARA INC	$35,269,000	–	1,310,460	–	11.80%	–
PCT	New	PURECYCLE TECHNOLOGIES INC	$28,380,000	–	1,200,000	–	9.49%	–
TM	New	TOYOTA MOTOR CORP	$13,987,000	–	80,000	–	4.68%	–
GOOG	New	ALPHABET INCcap stk cl c	$12,532,000	–	5,000	–	4.19%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$12,506,000	–	45,000	–	4.18%	–
DIS	New	DISNEY WALT CO	$12,304,000	–	70,000	–	4.12%	–
MA	New	MASTERCARD INCORPORATEDcl a	$10,953,000	–	30,000	–	3.66%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$10,814,000	–	90,000	–	3.62%	–
C	New	CITIGROUP INC	$10,613,000	–	150,000	–	3.55%	–
DE	New	DEERE & CO	$10,581,000	–	30,000	–	3.54%	–
SONY	New	SONY CORPsponsored adr	$10,208,000	–	105,000	–	3.41%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$10,089,000	–	20,000	–	3.37%	–
V	New	VISA INC	$9,353,000	–	40,000	–	3.13%	–
SWI	New	SOLARWINDS CORP	$8,377,000	–	495,946	–	2.80%	–
AMT	New	AMERICAN TOWER CORP NEW	$7,429,000	–	27,500	–	2.48%	–
EXPE	New	EXPEDIA GROUP INC	$7,367,000	–	45,000	–	2.46%	–
MCD	New	MCDONALDS CORP	$5,775,000	–	25,000	–	1.93%	–
AMZN	New	AMAZON COM INC	$5,160,000	–	1,500	–	1.73%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$856,000	–	2,000	–	0.29%	–
EFA	New	ISHARES TRmsci eafe etf	$394,000	–	5,000	–	0.13%	–
EEM	New	ISHARES TRmsci emg mkt etf	$331,000	–	6,000	–	0.11%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$210,000	–	21,355	–	0.07%	–

Q4 2020

			Value		Shares		↓ Weighting
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.03%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-45,000	–	-1.36%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,500	–	-1.55%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,000	–	-1.80%	–
C	Exit	CITIGROUP INC	$0	–	-150,000	–	-2.12%	–
DE	Exit	DEERE & CO	$0	–	-30,000	–	-2.18%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-27,500	–	-2.18%	–
V	Exit	VISA INC	$0	–	-40,000	–	-2.63%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-25,000	–	-2.78%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-20,000	–	-2.90%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-70,000	–	-3.05%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-130,000	–	-3.28%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-130,000	–	-3.46%	–
SWI	Exit	SOLARWINDS CORP	$0	–	-524,853	–	-3.51%	–
DIS	Exit	DISNEY WALT CO	$0	–	-100,000	–	-4.08%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-60,000	–	-4.20%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-9,000	–	-4.35%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-234,000	–	-4.89%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-340,000	–	-4.93%	–
DT	Exit	DYNATRACE INC	$0	–	-1,292,413	–	-17.42%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-248,000	–	-27.29%	–

Q3 2020

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$83,053,000	+2735.5%	248,000	+2510.5%	27.29%	+2182.0%
DT	Sell	DYNATRACE INC	$53,015,000	-17.5%	1,292,413	-18.4%	17.42%	-33.6%
EEM	Buy	ISHARES TRmsci emg mkt etf	$14,991,000	+167.7%	340,000	+142.9%	4.93%	+115.6%
EFA	Buy	ISHARES TRmsci eafe etf	$14,894,000	+2617.9%	234,000	+2500.0%	4.89%	+2084.8%
DIS	Sell	DISNEY WALT CO	$12,408,000	+1.2%	100,000	-9.1%	4.08%	-18.6%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$10,539,000	+23.8%	130,000	-13.3%	3.46%	-0.4%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$8,830,000	-2.5%	20,000	-20.0%	2.90%	-21.5%
IGV	Exit	ISHARES TRexpanded tech	$0	–	-155,000	–	-17.98%	–

Q2 2020

			Value		Shares		↓ Weighting
DT	New	DYNATRACE INC	$64,289,000	–	1,583,483	–	26.24%	–
IGV	New	ISHARES TRexpanded tech	$44,059,000	–	155,000	–	17.98%	–
GOOG	New	ALPHABET INCcap stk cl c	$12,722,000	–	9,000	–	5.19%	–
DIS	New	DISNEY WALT CO	$12,266,000	–	110,000	–	5.01%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$10,711,000	–	60,000	–	4.37%	–
SWI	New	SOLARWINDS CORP	$9,274,000	–	524,853	–	3.78%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$9,059,000	–	25,000	–	3.70%	–
SONY	New	SONY CORPsponsored adr	$8,987,000	–	130,000	–	3.67%	–
TM	New	TOYOTA MOTOR CORP	$8,794,000	–	70,000	–	3.59%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$8,516,000	–	150,000	–	3.48%	–
V	New	VISA INC	$7,727,000	–	40,000	–	3.15%	–
C	New	CITIGROUP INC	$7,665,000	–	150,000	–	3.13%	–
MA	New	MASTERCARD INCcl a	$7,393,000	–	25,000	–	3.02%	–
AMT	New	AMERICAN TOWER CORP NEW	$7,110,000	–	27,500	–	2.90%	–
EEM	New	ISHARES TRmsci emg mkt etf	$5,599,000	–	140,000	–	2.28%	–
DE	New	DEERE & CO	$4,715,000	–	30,000	–	1.92%	–
MCD	New	MCDONALDS CORP	$4,612,000	–	25,000	–	1.88%	–
AMZN	New	AMAZON COM INC	$4,138,000	–	1,500	–	1.69%	–
EXPE	New	EXPEDIA GROUP INC	$3,699,000	–	45,000	–	1.51%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,929,000	–	9,500	–	1.20%	–
EFA	New	ISHARES TRmsci eafe etf	$548,000	–	9,000	–	0.22%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$189,000	–	21,355	–	0.08%	–

Q4 2019

			Value		Shares		↓ Weighting
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.02%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-19,000	–	-0.35%	–
MS	Exit	MORGAN STANLEY	$0	–	-100,000	–	-1.20%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,500	–	-1.22%	–
DE	Exit	DEERE & CO	$0	–	-30,000	–	-1.42%	–
C	Exit	CITIGROUP INC	$0	–	-75,000	–	-1.45%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,000	–	-1.50%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-20,000	–	-1.52%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-20,000	–	-1.61%	–
DIS	Exit	DISNEY WALT CO	$0	–	-45,000	–	-1.64%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-45,000	–	-1.69%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-5,000	–	-1.71%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-25,000	–	-1.72%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,000	–	-1.75%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-30,000	–	-1.86%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-150,000	–	-1.95%	–
HSY	Exit	HERSHEY CO	$0	–	-45,000	–	-1.95%	–
V	Exit	VISA INC	$0	–	-45,000	–	-2.17%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-30,000	–	-2.45%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-155,000	–	-2.57%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-70,000	–	-2.64%	–
SWI	Exit	SOLARWINDS CORP	$0	–	-524,853	–	-2.71%	–
DT	Exit	DYNATRACE INC	$0	–	-2,642,851	–	-13.82%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-1,750,000	–	-20.03%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-350,000	–	-29.08%	–

Q3 2019

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$103,870,000	+1985.3%	350,000	+1958.8%	29.08%	+1120.9%
EEM	Sell	ISHARES TRmsci emg mkt etf	$71,523,000	-5.0%	1,750,000	-0.3%	20.03%	-44.4%
DT	New	DYNATRACE INC	$49,342,000	–	2,642,851	–	13.82%	–
HSY	Sell	HERSHEY CO	$6,975,000	-13.3%	45,000	-25.0%	1.95%	-49.2%
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,241,000	–	30,000	–	1.75%	–
SPGI	New	S&P GLOBAL INC	$6,125,000	–	25,000	–	1.72%	–
DIS	Buy	DISNEY WALT CO	$5,864,000	+5.0%	45,000	+12.5%	1.64%	-38.5%
COST	Buy	COSTCO WHSL CORP NEW	$5,762,000	+118.0%	20,000	+100.0%	1.61%	+27.6%
EFA	Sell	ISHARES TRmsci eafe etf	$1,239,000	-35.0%	19,000	-34.5%	0.35%	-62.0%
MMYT	Exit	MAKEMYTRIP LIMITED MAURITIUS	$0	–	-69,680	–	-0.83%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-115,000	–	-2.49%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-75,000	–	-3.51%	–

Q2 2019

			Value		Shares		↓ Weighting
EEM	New	ISHARES TRmsci emg mkt etf	$75,307,000	–	1,755,000	–	36.02%	–
SWI	New	SOLARWINDS CORP	$9,626,000	–	524,853	–	4.60%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$8,810,000	–	30,000	–	4.21%	–
TM	New	TOYOTA MOTOR CORP	$8,679,000	–	70,000	–	4.15%	–
SONY	New	SONY CORPsponsored adr	$8,120,000	–	155,000	–	3.88%	–
HSY	New	HERSHEY CO	$8,042,000	–	60,000	–	3.85%	–
V	New	VISA INC	$7,810,000	–	45,000	–	3.74%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$7,331,000	–	75,000	–	3.51%	–
AMT	New	AMERICAN TOWER CORP NEW	$6,134,000	–	30,000	–	2.93%	–
EXPE	New	EXPEDIA GROUP INC	$5,986,000	–	45,000	–	2.86%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$5,876,000	–	150,000	–	2.81%	–
DIS	New	DISNEY WALT CO	$5,586,000	–	40,000	–	2.67%	–
GOOG	New	ALPHABET INCcap stk cl c	$5,405,000	–	5,000	–	2.58%	–
MA	New	MASTERCARD INCcl a	$5,291,000	–	20,000	–	2.53%	–
C	New	CITIGROUP INC	$5,252,000	–	75,000	–	2.51%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$5,208,000	–	115,000	–	2.49%	–
MCD	New	MCDONALDS CORP	$5,192,000	–	25,000	–	2.48%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$4,981,000	–	17,000	–	2.38%	–
DE	New	DEERE & CO	$4,971,000	–	30,000	–	2.38%	–
AMZN	New	AMAZON COM INC	$4,734,000	–	2,500	–	2.26%	–
MS	New	MORGAN STANLEY	$4,381,000	–	100,000	–	2.10%	–
COST	New	COSTCO WHSL CORP NEW	$2,643,000	–	10,000	–	1.26%	–
EFA	New	ISHARES TRmsci eafe etf	$1,906,000	–	29,000	–	0.91%	–
MMYT	New	MAKEMYTRIP LIMITED MAURITIUS	$1,728,000	–	69,680	–	0.83%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$85,000	–	21,355	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.08%	–
MMYT	Exit	MAKEMYTRIP LIMITED MAURITIUS	$0	–	-69,680	–	-0.56%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-10,000	–	-0.69%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-50,000	–	-1.13%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,000	–	-1.22%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-30,000	–	-1.27%	–
DE	Exit	DEERE & CO	$0	–	-30,000	–	-1.32%	–
MS	Exit	MORGAN STANLEY	$0	–	-100,000	–	-1.36%	–
DIS	Exit	DISNEY WALT CO	$0	–	-40,000	–	-1.37%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,500	–	-1.46%	–
C	Exit	CITIGROUP INC	$0	–	-75,000	–	-1.57%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-115,000	–	-1.64%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-45,000	–	-1.72%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-5,000	–	-1.74%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-75,000	–	-1.77%	–
HSY	Exit	HERSHEY CO	$0	–	-60,000	–	-1.79%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-150,000	–	-1.94%	–
V	Exit	VISA INC	$0	–	-45,000	–	-1.97%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-30,000	–	-2.14%	–
KBE	Exit	SPDR SERIES TRUSTs&p bk etf	$0	–	-170,000	–	-2.31%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-124,000	–	-2.46%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-70,000	–	-2.54%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-40,000	–	-2.60%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-155,000	–	-2.75%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-122,500	–	-10.40%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-300,000	–	-11.10%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-3,120,000	–	-39.11%	–

Q3 2018

			Value		Shares		↓ Weighting
SONY	Sell	SONY CORPsponsored adr	$9,401,000	-14.7%	155,000	-27.9%	2.75%	-1.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$8,904,000	-24.5%	40,000	-33.3%	2.60%	-12.7%
TM	Sell	TOYOTA MOTOR CORP	$8,705,000	-45.9%	70,000	-44.0%	2.54%	-37.5%
EFA	Sell	ISHARES TRmsci eafe etf	$8,431,000	-85.2%	124,000	-85.4%	2.46%	-82.9%
KBE	Sell	SPDR SERIES TRUSTs&p bk etf	$7,917,000	-16.1%	170,000	-15.0%	2.31%	-3.0%
V	Sell	VISA INC	$6,754,000	-7.3%	45,000	-18.2%	1.97%	+7.2%

Q2 2018

			Value		Shares		↓ Weighting
EEM	New	ISHARES TRmsci emg mkt etf	$135,190,000	–	3,120,000	–	34.16%	–
EFA	New	ISHARES TRmsci eafe etf	$56,858,000	–	849,000	–	14.37%	–
IWD	New	ISHARES TRrus 1000 val etf	$36,414,000	–	300,000	–	9.20%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$33,232,000	–	122,500	–	8.40%	–
TM	New	TOYOTA MOTOR CORP	$16,101,000	–	125,000	–	4.07%	–
MA	New	MASTERCARD INCORPORATEDcl a	$11,791,000	–	60,000	–	2.98%	–
SONY	New	SONY CORPsponsored adr	$11,021,000	–	215,000	–	2.78%	–
KBE	New	SPDR SERIES TRUSTs&p bk etf	$9,432,000	–	200,000	–	2.38%	–
V	New	VISA INC	$7,285,000	–	55,000	–	1.84%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,214,000	–	30,000	–	1.57%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$5,937,000	–	75,000	–	1.50%	–
HSY	New	HERSHEY CO	$5,584,000	–	60,000	–	1.41%	–
GOOG	New	ALPHABET INC-CL C	$5,578,000	–	5,000	–	1.41%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$5,484,000	–	150,000	–	1.39%	–
EXPE	New	EXPEDIA GROUP INC	$5,409,000	–	45,000	–	1.37%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$5,105,000	–	115,000	–	1.29%	–
C	New	CITIGROUP INC	$5,019,000	–	75,000	–	1.27%	–
MS	New	MORGAN STANLEY	$4,740,000	–	100,000	–	1.20%	–
AMT	New	AMERICAN TOWER CORP NEW	$4,325,000	–	30,000	–	1.09%	–
AMZN	New	AMAZON COM INC	$4,250,000	–	2,500	–	1.07%	–
DE	New	DEERE & CO	$4,194,000	–	30,000	–	1.06%	–
DIS	New	DISNEY WALT CO	$4,192,000	–	40,000	–	1.06%	–
MCD	New	MCDONALDS CORP	$3,917,000	–	25,000	–	0.99%	–
GILD	New	GILEAD SCIENCES INC	$3,542,000	–	50,000	–	0.90%	–
MMYT	New	MAKEMYTRIP LIMITED MAURITIUS	$2,519,000	–	69,680	–	0.64%	–
COST	New	COSTCO WHSL CORP NEW	$2,090,000	–	10,000	–	0.53%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$326,000	–	21,355	–	0.08%	–

Q4 2017

			Value		Shares		↓ Weighting
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.11%	–
MMYT	Exit	MAKEMYTRIP LIMITED MAURITIUS	$0	–	-69,680	–	-0.50%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-30,000	–	-0.52%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,500	–	-0.60%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-25,000	–	-0.92%	–
DIS	Exit	DISNEY WALT CO	$0	–	-40,000	–	-0.98%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-50,000	–	-1.01%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-30,000	–	-1.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-25,000	–	-1.02%	–
DE	Exit	DEERE & CO	$0	–	-35,000	–	-1.09%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-5,000	–	-1.19%	–
MS	Exit	MORGAN STANLEY	$0	–	-100,000	–	-1.20%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-75,000	–	-1.29%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-100,000	–	-1.31%	–
CSX	Exit	CSX CORP	$0	–	-100,000	–	-1.35%	–
C	Exit	CITIGROUP INC	$0	–	-75,000	–	-1.36%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-150,000	–	-1.40%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-30,000	–	-1.41%	–
V	Exit	VISA INC	$0	–	-55,000	–	-1.44%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-115,000	–	-1.44%	–
MCD	Exit	MCDONALDS CORP	$0	–	-40,000	–	-1.56%	–
EXPE	Exit	EXPEDIA INC DEL	$0	–	-45,000	–	-1.61%	–
HSY	Exit	HERSHEY CO	$0	–	-60,000	–	-1.63%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-55,000	–	-1.63%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-215,000	–	-1.99%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-60,000	–	-2.10%	–
KBE	Exit	SPDR SERIES TRUSTs&p bk etf	$0	–	-200,000	–	-2.24%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-300,000	–	-8.83%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-750,000	–	-12.75%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-1,535,000	–	-17.08%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-440,000	–	-27.44%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$110,541,000	+1.6%	440,000	-2.2%	27.44%	+38.4%
EFA	New	ISHARES TRmsci eafe etf	$51,360,000	–	750,000	–	12.75%	–
KBE	Sell	SPDR SERIES TRUSTs&p bk etf	$9,018,000	-24.6%	200,000	-27.3%	2.24%	+2.6%
MA	Sell	MASTERCARD INCORPORATEDcl a	$8,472,000	+14.4%	60,000	-1.6%	2.10%	+55.8%
SONY	Sell	SONY CORPsponsored adr	$8,028,000	-6.6%	215,000	-4.4%	1.99%	+27.3%
TM	New	TOYOTA MOTOR CORP	$6,554,000	–	55,000	–	1.63%	–
HSY	Buy	HERSHEY CO	$6,550,000	+35.6%	60,000	+33.3%	1.63%	+84.6%
MCD	New	MCDONALDS CORP	$6,267,000	–	40,000	–	1.56%	–
V	Sell	VISA INC	$5,788,000	-60.1%	55,000	-64.5%	1.44%	-45.7%
LEN	Sell	LENNAR CORPcl a	$5,280,000	-28.8%	100,000	-28.1%	1.31%	-3.0%
GOOG	Sell	ALPHABET INCcap stk cl c	$4,796,000	-55.3%	5,000	-57.6%	1.19%	-39.0%
DE	Sell	DEERE & CO	$4,396,000	-48.6%	35,000	-49.4%	1.09%	-30.0%
COST	New	COSTCO WHSL CORP NEW	$4,107,000	–	25,000	–	1.02%	–
AMT	Sell	AMERICAN TOWER CORP NEW	$4,100,000	-31.1%	30,000	-33.3%	1.02%	-6.2%
DIS	Sell	DISNEY WALT CO	$3,943,000	-35.7%	40,000	-30.6%	0.98%	-12.4%
WYNN	Sell	WYNN RESORTS LTD	$3,723,000	+4.7%	25,000	-5.7%	0.92%	+42.6%
AMZN	Sell	AMAZON COM INC	$2,403,000	-57.4%	2,500	-57.1%	0.60%	-41.9%
BAC	Exit	BANK AMER CORP	$0	–	-832	–	-0.00%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-251	–	-0.01%	–
PTHN	Exit	PATHEON N V	$0	–	-1,285	–	-0.01%	–
DVA	Exit	DAVITA INC	$0	–	-653	–	-0.01%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-2,980	–	-0.01%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-332	–	-0.01%	–
CALA	Exit	CALITHERA BIOSCIENCES INC	$0	–	-3,245	–	-0.01%	–
QHCCQ	Exit	QUORUM HEALTH CORP	$0	–	-13,234	–	-0.01%	–
AVXS	Exit	AVEXIS INC	$0	–	-642	–	-0.01%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-1,265	–	-0.01%	–
XOGAQ	Exit	EXTRACTION OIL AND GAS INC	$0	–	-4,604	–	-0.01%	–
COH	Exit	COACH INC	$0	–	-1,250	–	-0.01%	–
CLPR	Exit	CLIPPER RLTY INC	$0	–	-5,695	–	-0.01%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-1,132	–	-0.01%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-568	–	-0.02%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-1,432	–	-0.02%	–
INCY	Exit	INCYTE CORP	$0	–	-724	–	-0.02%	–
TJX	Exit	TJX COS INC NEW	$0	–	-1,316	–	-0.02%	–
AGN	Exit	ALLERGAN PLC	$0	–	-423	–	-0.02%	–
UNP	Exit	UNION PAC CORP	$0	–	-960	–	-0.02%	–
FREDQ	Exit	FREDS INCcl a	$0	–	-13,442	–	-0.02%	–
FWONA	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-3,770	–	-0.02%	–
VREX	Exit	VAREX IMAGING CORP	$0	–	-3,975	–	-0.02%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-1,460	–	-0.02%	–
GWPH	Exit	GW PHARMACEUTICALS PLCads	$0	–	-1,416	–	-0.03%	–
FMC	Exit	F M C CORP	$0	–	-2,004	–	-0.03%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-2,807	–	-0.03%	–
NUVA	Exit	NUVASIVE INC	$0	–	-2,066	–	-0.03%	–
TPH	Exit	TRI POINTE GROUP INC	$0	–	-12,524	–	-0.03%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-33,713	–	-0.03%	–
HUM	Exit	HUMANA INC	$0	–	-744	–	-0.03%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-1,307	–	-0.04%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-14,779	–	-0.04%	–
DSW	Exit	DSW INCcl a	$0	–	-12,617	–	-0.04%	–
PGR	Exit	PROGRESSIVE CORP OHIO	$0	–	-5,189	–	-0.04%	–
AA	Exit	ALCOA CORP	$0	–	-7,711	–	-0.05%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-1,246	–	-0.05%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-9,677	–	-0.05%	–
MON	Exit	MONSANTO CO NEW	$0	–	-2,481	–	-0.05%	–
FRAC	Exit	KEANE GROUP INC	$0	–	-18,798	–	-0.06%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,456	–	-0.06%	–
CDEV	Exit	CENTENNIAL RESOURCE DEV INCcl a	$0	–	-18,917	–	-0.06%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-3,828	–	-0.06%	–
RAD	Exit	RITE AID CORP	$0	–	-103,548	–	-0.06%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,150	–	-0.06%	–
ALR	Exit	ALERE INC	$0	–	-6,280	–	-0.06%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-4,084	–	-0.06%	–
DHI	Exit	D R HORTON INC	$0	–	-10,182	–	-0.06%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-2,906	–	-0.06%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-4,361	–	-0.07%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-5,649	–	-0.08%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-6,341	–	-0.08%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-13,005	–	-0.08%	–
AYA	Exit	AMAYA INC	$0	–	-23,447	–	-0.08%	–
LPG	Exit	DORIAN LPG LTD	$0	–	-51,778	–	-0.08%	–
PVH	Exit	PVH CORP	$0	–	-3,720	–	-0.08%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-4,229	–	-0.08%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,624	–	-0.08%	–
SATS	Exit	ECHOSTAR CORPcl a	$0	–	-7,465	–	-0.08%	–
UHAL	Exit	AMERCO	$0	–	-1,331	–	-0.09%	–
CNXC	Exit	CNX COAL RES LP	$0	–	-34,160	–	-0.09%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-5,832	–	-0.09%	–
LW	Exit	LAMB WESTON HLDGS INC	$0	–	-12,602	–	-0.10%	–
CNDT	Exit	CONDUENT INC	$0	–	-35,510	–	-0.10%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,217	–	-0.10%	–
SYT	Exit	SYNGENTA AGsponsored adr	$0	–	-6,183	–	-0.10%	–
EBAY	Exit	EBAY INC	$0	–	-17,832	–	-0.11%	–
LSXMA	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-14,947	–	-0.11%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-162,663	–	-0.12%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-7,257	–	-0.12%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-352	–	-0.12%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-11,487	–	-0.12%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-29,666	–	-0.14%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-17,817	–	-0.14%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-10,296	–	-0.14%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-25,393	–	-0.14%	–
RICE	Exit	RICE ENERGY INC	$0	–	-29,935	–	-0.14%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-5,306	–	-0.16%	–
LOW	Exit	LOWES COS INC	$0	–	-11,100	–	-0.16%	–
CPN	Exit	CALPINE CORP	$0	–	-67,437	–	-0.17%	–
ALLY	Exit	ALLY FINL INC	$0	–	-44,801	–	-0.17%	–
OLN	Exit	OLIN CORP	$0	–	-34,101	–	-0.19%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-5,966	–	-0.19%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-47,586	–	-0.19%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-18,720	–	-0.20%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-34,812	–	-0.20%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,065	–	-0.20%	–
CC	Exit	CHEMOURS CO	$0	–	-29,993	–	-0.21%	–
FWONK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-31,273	–	-0.21%	–
ECA	Exit	ENCANA CORP	$0	–	-133,405	–	-0.21%	–
TWX	Exit	TIME WARNER INC	$0	–	-12,395	–	-0.23%	–
VOYA	Exit	VOYA FINL INC	$0	–	-35,591	–	-0.24%	–
AABA	Exit	ALTABA INC	$0	–	-25,405	–	-0.25%	–
AVGO	Exit	BROADCOM LTD	$0	–	-5,925	–	-0.25%	–
DOW	Exit	DOW CHEM CO	$0	–	-22,445	–	-0.26%	–
WBT	Exit	WELBILT INC	$0	–	-75,501	–	-0.26%	–
NFLX	Exit	NETFLIX INC	$0	–	-9,935	–	-0.27%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-6,823	–	-0.27%	–
GRBK	Exit	GREEN BRICK PARTNERS INC	$0	–	-145,887	–	-0.30%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-61,394	–	-0.32%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-29,086	–	-0.34%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-136,371	–	-0.37%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-72,227	–	-0.39%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-55,209	–	-0.40%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-39,631	–	-0.40%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-2,377	–	-0.40%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-56,427	–	-0.43%	–
ARMK	Exit	ARAMARK	$0	–	-57,423	–	-0.43%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-50,591	–	-0.58%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-61,352	–	-0.58%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-53,101	–	-0.60%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-70,296	–	-0.62%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-43,854	–	-0.63%	–
AAPL	Exit	APPLE INC	$0	–	-24,049	–	-0.63%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-75,326	–	-0.64%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-24,547	–	-0.71%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-26,542	–	-0.73%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$0	–	-125,000	–	-0.76%	–
HD	Exit	HOME DEPOT INC	$0	–	-28,166	–	-0.79%	–
HDB	Exit	HDFC BANK LTD	$0	–	-52,300	–	-0.83%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-83,977	–	-0.89%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-43,057	–	-1.09%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-97,717	–	-1.23%	–
MYL	Exit	MYLAN N V	$0	–	-182,350	–	-1.29%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-37,181	–	-1.31%	–
GM	Exit	GENERAL MTRS CO	$0	–	-331,145	–	-2.11%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-280,100	–	-3.23%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-78,918	–	-3.70%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$108,810,000	–	450,000	–	19.83%	–
EEM	New	ISHARES TRmsci emg mkt etf	$63,534,000	–	1,535,000	–	11.58%	–
IWD	New	ISHARES TRrus 1000 val etf	$34,929,000	–	300,000	–	6.37%	–
CACC	New	CREDIT ACCEP CORP MICH	$20,293,000	–	78,918	–	3.70%	–
SIG	New	SIGNET JEWELERS LIMITED	$17,714,000	–	280,100	–	3.23%	–
V	New	VISA INC	$14,518,000	–	154,813	–	2.65%	–
KBE	New	SPDR SERIES TRUSTs&p bk etf	$11,968,000	–	275,000	–	2.18%	–
GM	New	GENERAL MTRS CO	$11,567,000	–	331,145	–	2.11%	–
GOOG	New	ALPHABET INCcap stk cl c	$10,722,000	–	11,799	–	1.95%	–
SONY	New	SONY CORPsponsored adr	$8,593,000	–	225,000	–	1.57%	–
DE	New	DEERE & CO	$8,555,000	–	69,220	–	1.56%	–
LEN	New	LENNAR CORPcl a	$7,419,000	–	139,136	–	1.35%	–
MA	New	MASTERCARD INCORPORATEDcl a	$7,404,000	–	60,964	–	1.35%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$7,203,000	–	37,181	–	1.31%	–
MYL	New	MYLAN N V	$7,079,000	–	182,350	–	1.29%	–
MSFT	New	MICROSOFT CORP	$6,736,000	–	97,717	–	1.23%	–
EXPE	New	EXPEDIA INC DEL	$6,703,000	–	45,000	–	1.22%	–
DIS	New	DISNEY WALT CO	$6,128,000	–	57,677	–	1.12%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$6,105,000	–	115,000	–	1.11%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$5,987,000	–	43,057	–	1.09%	–
AMT	New	AMERICAN TOWER CORP NEW	$5,954,000	–	45,000	–	1.08%	–
AMZN	New	AMAZON COM INC	$5,639,000	–	5,825	–	1.03%	–
CSX	New	CSX CORP	$5,456,000	–	100,000	–	1.00%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$5,244,000	–	150,000	–	0.96%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,234,000	–	30,000	–	0.95%	–
C	New	CITIGROUP INC	$5,016,000	–	75,000	–	0.91%	–
SBUX	New	STARBUCKS CORP	$4,897,000	–	83,977	–	0.89%	–
HSY	New	HERSHEY CO	$4,832,000	–	45,000	–	0.88%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$4,639,000	–	75,000	–	0.85%	–
HDB	New	HDFC BANK LTD	$4,549,000	–	52,300	–	0.83%	–
MS	New	MORGAN STANLEY	$4,456,000	–	100,000	–	0.81%	–
HD	New	HOME DEPOT INC	$4,321,000	–	28,166	–	0.79%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$4,153,000	–	125,000	–	0.76%	–
FB	New	FACEBOOK INCcl a	$4,007,000	–	26,542	–	0.73%	–
PXD	New	PIONEER NAT RES CO	$3,917,000	–	24,547	–	0.71%	–
WYNN	New	WYNN RESORTS LTD	$3,556,000	–	26,516	–	0.65%	–
GILD	New	GILEAD SCIENCES INC	$3,539,000	–	50,000	–	0.64%	–
AER	New	AERCAP HOLDINGS NV	$3,497,000	–	75,326	–	0.64%	–
AAPL	New	APPLE INC	$3,464,000	–	24,049	–	0.63%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,434,000	–	43,854	–	0.63%	–
LNG	New	CHENIERE ENERGY INC	$3,424,000	–	70,296	–	0.62%	–
ZTS	New	ZOETIS INCcl a	$3,312,000	–	53,101	–	0.60%	–
MPC	New	MARATHON PETE CORP	$3,211,000	–	61,352	–	0.58%	–
AIG	New	AMERICAN INTL GROUP INC	$3,163,000	–	50,591	–	0.58%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$2,353,000	–	56,427	–	0.43%	–
ARMK	New	ARAMARK	$2,353,000	–	57,423	–	0.43%	–
MMYT	New	MAKEMYTRIP LIMITED MAURITIUS	$2,338,000	–	69,680	–	0.43%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,210,000	–	2,377	–	0.40%	–
AZPN	New	ASPEN TECHNOLOGY INC	$2,190,000	–	39,631	–	0.40%	–
JD	New	JD COM INCspon adr cl a	$2,165,000	–	55,209	–	0.40%	–
SYF	New	SYNCHRONY FINL	$2,154,000	–	72,227	–	0.39%	–
CNX	New	CONSOL ENERGY INC	$2,037,000	–	136,371	–	0.37%	–
SLB	New	SCHLUMBERGER LTD	$1,975,000	–	30,000	–	0.36%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$1,857,000	–	29,086	–	0.34%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,740,000	–	61,394	–	0.32%	–
GRBK	New	GREEN BRICK PARTNERS INC	$1,670,000	–	145,887	–	0.30%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$1,492,000	–	6,823	–	0.27%	–
NFLX	New	NETFLIX INC	$1,484,000	–	9,935	–	0.27%	–
WBT	New	WELBILT INC	$1,423,000	–	75,501	–	0.26%	–
DOW	New	DOW CHEM CO	$1,416,000	–	22,445	–	0.26%	–
AABA	New	ALTABA INC	$1,384,000	–	25,405	–	0.25%	–
AVGO	New	BROADCOM LTD	$1,381,000	–	5,925	–	0.25%	–
VOYA	New	VOYA FINL INC	$1,313,000	–	35,591	–	0.24%	–
TWX	New	TIME WARNER INC	$1,245,000	–	12,395	–	0.23%	–
ECA	New	ENCANA CORP	$1,174,000	–	133,405	–	0.21%	–
FWONK	New	LIBERTY MEDIA CORP DELAWARE	$1,145,000	–	31,273	–	0.21%	–
CC	New	CHEMOURS CO	$1,137,000	–	29,993	–	0.21%	–
RSPP	New	RSP PERMIAN INC	$1,123,000	–	34,812	–	0.20%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,125,000	–	6,065	–	0.20%	–
WBMD	New	WEBMD HEALTH CORP	$1,098,000	–	18,720	–	0.20%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$1,051,000	–	47,586	–	0.19%	–
TYL	New	TYLER TECHNOLOGIES INC	$1,048,000	–	5,966	–	0.19%	–
OLN	New	OLIN CORP	$1,033,000	–	34,101	–	0.19%	–
ALLY	New	ALLY FINL INC	$936,000	–	44,801	–	0.17%	–
CPN	New	CALPINE CORP	$912,000	–	67,437	–	0.17%	–
LOW	New	LOWES COS INC	$861,000	–	11,100	–	0.16%	–
CP	New	CANADIAN PAC RY LTD	$853,000	–	5,306	–	0.16%	–
RICE	New	RICE ENERGY INC	$797,000	–	29,935	–	0.14%	–
LBTYK	New	LIBERTY GLOBAL PLC	$792,000	–	25,393	–	0.14%	–
PRGO	New	PERRIGO CO PLC	$778,000	–	10,296	–	0.14%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$765,000	–	17,817	–	0.14%	–
COG	New	CABOT OIL & GAS CORP	$744,000	–	29,666	–	0.14%	–
DDS	New	DILLARDS INCcl a	$663,000	–	11,487	–	0.12%	–
PCLN	New	PRICELINE GRP INC	$658,000	–	352	–	0.12%	–
FANG	New	DIAMONDBACK ENERGY INC	$644,000	–	7,257	–	0.12%	–
WFTIQ	New	WEATHERFORD INTL PLC	$630,000	–	162,663	–	0.12%	–
EBAY	New	EBAY INC	$623,000	–	17,832	–	0.11%	–
LSXMA	New	LIBERTY MEDIA CORP DELAWARE	$627,000	–	14,947	–	0.11%	–
JPM	New	JPMORGAN CHASE & CO	$568,000	–	6,217	–	0.10%	–
SYT	New	SYNGENTA AGsponsored adr	$573,000	–	6,183	–	0.10%	–
CNDT	New	CONDUENT INC	$566,000	–	35,510	–	0.10%	–
LW	New	LAMB WESTON HLDGS INC	$555,000	–	12,602	–	0.10%	–
WDC	New	WESTERN DIGITAL CORP	$517,000	–	5,832	–	0.09%	–
CNXC	New	CNX COAL RES LP	$511,000	–	34,160	–	0.09%	–
UHAL	New	AMERCO	$487,000	–	1,331	–	0.09%	–
SATS	New	ECHOSTAR CORPcl a	$453,000	–	7,465	–	0.08%	–
IAC	New	IAC INTERACTIVECORP	$437,000	–	4,229	–	0.08%	–
CI	New	CIGNA CORPORATION	$439,000	–	2,624	–	0.08%	–
PVH	New	PVH CORP	$426,000	–	3,720	–	0.08%	–
LPG	New	DORIAN LPG LTD	$424,000	–	51,778	–	0.08%	–
AYA	New	AMAYA INC	$420,000	–	23,447	–	0.08%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$418,000	–	6,341	–	0.08%	–
LBTYA	New	LIBERTY GLOBAL PLC	$418,000	–	13,005	–	0.08%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$415,000	–	5,649	–	0.08%	–
CRM	New	SALESFORCE COM INC	$378,000	–	4,361	–	0.07%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$355,000	–	2,906	–	0.06%	–
DHI	New	D R HORTON INC	$352,000	–	10,182	–	0.06%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$345,000	–	4,084	–	0.06%	–
ALR	New	ALERE INC	$315,000	–	6,280	–	0.06%	–
BIIB	New	BIOGEN INC	$312,000	–	1,150	–	0.06%	–
RAD	New	RITE AID CORP	$305,000	–	103,548	–	0.06%	–
CNC	New	CENTENE CORP DEL	$306,000	–	3,828	–	0.06%	–
FRAC	New	KEANE GROUP INC	$301,000	–	18,798	–	0.06%	–
CDEV	New	CENTENNIAL RESOURCE DEV INCcl a	$299,000	–	18,917	–	0.06%	–
UTX	New	UNITED TECHNOLOGIES CORP	$300,000	–	2,456	–	0.06%	–
MON	New	MONSANTO CO NEW	$294,000	–	2,481	–	0.05%	–
MU	New	MICRON TECHNOLOGY INC	$289,000	–	9,677	–	0.05%	–
AYI	New	ACUITY BRANDS INC	$253,000	–	1,246	–	0.05%	–
AA	New	ALCOA CORP	$252,000	–	7,711	–	0.05%	–
PGR	New	PROGRESSIVE CORP OHIO	$229,000	–	5,189	–	0.04%	–
DSW	New	DSW INCcl a	$223,000	–	12,617	–	0.04%	–
GPORQ	New	GULFPORT ENERGY CORP	$218,000	–	14,779	–	0.04%	–
SHPG	New	SHIRE PLCsponsored adr	$216,000	–	1,307	–	0.04%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$206,000	–	21,355	–	0.04%	–
HUM	New	HUMANA INC	$179,000	–	744	–	0.03%	–
CHK	New	CHESAPEAKE ENERGY CORP	$168,000	–	33,713	–	0.03%	–
TPH	New	TRI POINTE GROUP INC	$165,000	–	12,524	–	0.03%	–
NUVA	New	NUVASIVE INC	$159,000	–	2,066	–	0.03%	–
FMC	New	F M C CORP	$146,000	–	2,004	–	0.03%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$148,000	–	2,807	–	0.03%	–
GWPH	New	GW PHARMACEUTICALS PLCads	$142,000	–	1,416	–	0.03%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$133,000	–	1,460	–	0.02%	–
FWONA	New	LIBERTY MEDIA CORP DELAWARE	$132,000	–	3,770	–	0.02%	–
VREX	New	VAREX IMAGING CORP	$134,000	–	3,975	–	0.02%	–
FREDQ	New	FREDS INCcl a	$124,000	–	13,442	–	0.02%	–
UNP	New	UNION PAC CORP	$105,000	–	960	–	0.02%	–
AGN	New	ALLERGAN PLC	$103,000	–	423	–	0.02%	–
INCY	New	INCYTE CORP	$91,000	–	724	–	0.02%	–
TJX	New	TJX COS INC NEW	$95,000	–	1,316	–	0.02%	–
XRAY	New	DENTSPLY SIRONA INC	$93,000	–	1,432	–	0.02%	–
PH	New	PARKER HANNIFIN CORP	$91,000	–	568	–	0.02%	–
LNC	New	LINCOLN NATL CORP IND	$77,000	–	1,132	–	0.01%	–
CLPR	New	CLIPPER RLTY INC	$70,000	–	5,695	–	0.01%	–
XOGAQ	New	EXTRACTION OIL AND GAS INC	$62,000	–	4,604	–	0.01%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$62,000	–	1,265	–	0.01%	–
COH	New	COACH INC	$59,000	–	1,250	–	0.01%	–
AVXS	New	AVEXIS INC	$53,000	–	642	–	0.01%	–
QHCCQ	New	QUORUM HEALTH CORP	$55,000	–	13,234	–	0.01%	–
CALA	New	CALITHERA BIOSCIENCES INC	$48,000	–	3,245	–	0.01%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$52,000	–	332	–	0.01%	–
EDIT	New	EDITAS MEDICINE INC	$50,000	–	2,980	–	0.01%	–
PTHN	New	PATHEON N V	$45,000	–	1,285	–	0.01%	–
DVA	New	DAVITA INC	$42,000	–	653	–	0.01%	–
ADBE	New	ADOBE SYS INC	$36,000	–	251	–	0.01%	–
BAC	New	BANK AMER CORP	$20,000	–	832	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
CLDPQ	Exit	CLOUD PEAK ENERGY INC	$0	–	-2,522	–	-0.00%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr	$0	–	-631	–	-0.01%	–
LILA	Exit	LIBERTY GLOBAL PLC	$0	–	-965	–	-0.01%	–
BATRK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-1,765	–	-0.01%	–
ECR	Exit	ECLIPSE RES CORP	$0	–	-10,453	–	-0.01%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-2,557	–	-0.01%	–
GLBL	Exit	TERRAFORM GLOBAL INCcl a	$0	–	-12,199	–	-0.01%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-741	–	-0.01%	–
SNC	Exit	STATE NATL COS INC	$0	–	-4,960	–	-0.01%	–
NRG	Exit	NRG ENERGY INC	$0	–	-5,003	–	-0.01%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-938	–	-0.02%	–
LILAK	Exit	LIBERTY GLOBAL PLC	$0	–	-2,574	–	-0.02%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-14,249	–	-0.02%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-7,379	–	-0.02%	–
QHCCQ	Exit	QUORUM HEALTH CORP	$0	–	-16,682	–	-0.03%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-920	–	-0.03%	–
FWONA	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-3,942	–	-0.03%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-1,633	–	-0.03%	–
TERP	Exit	TERRAFORM PWR INC	$0	–	-11,195	–	-0.04%	–
DYN	Exit	DYNEGY INC NEW DEL	$0	–	-12,990	–	-0.04%	–
UHAL	Exit	AMERCO	$0	–	-495	–	-0.04%	–
AET	Exit	AETNA INC NEW	$0	–	-1,435	–	-0.04%	–
GWPH	Exit	GW PHARMACEUTICALS PLCads	$0	–	-1,247	–	-0.04%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-14,943	–	-0.04%	–
HTZGQ	Exit	HERTZ GLOBAL HLDGS INC	$0	–	-4,405	–	-0.05%	–
KITE	Exit	KITE PHARMA INC	$0	–	-3,700	–	-0.05%	–
FMC	Exit	F M C CORP	$0	–	-4,319	–	-0.05%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-1,411	–	-0.06%	–
SRAQ	Exit	SILVER RUN ACQUISITION CORPcl a	$0	–	-13,756	–	-0.06%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-5,049	–	-0.06%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-4,846	–	-0.06%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.06%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-5,047	–	-0.06%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-4,161	–	-0.06%	–
WUBA	Exit	58 COM INCspon adr rep a	$0	–	-5,181	–	-0.06%	–
EVHC	Exit	ENVISION HEALTHCARE HLDGS IN	$0	–	-11,420	–	-0.06%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-3,807	–	-0.07%	–
MTW	Exit	MANITOWOC INC	$0	–	-53,855	–	-0.07%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-3,178	–	-0.07%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-7,750	–	-0.07%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-3,147	–	-0.08%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-11,248	–	-0.08%	–
FWONK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-11,663	–	-0.08%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-1,724	–	-0.09%	–
AY	Exit	ATLANTICA YIELD PLC	$0	–	-17,521	–	-0.09%	–
LPG	Exit	DORIAN LPG LTD	$0	–	-57,698	–	-0.09%	–
TPH	Exit	TRI POINTE GROUP INC	$0	–	-28,412	–	-0.10%	–
AYA	Exit	AMAYA INC	$0	–	-23,403	–	-0.10%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-13,451	–	-0.10%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-6,506	–	-0.10%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-2,762	–	-0.11%	–
ADSK	Exit	AUTODESK INC	$0	–	-5,708	–	-0.11%	–
PVH	Exit	PVH CORP	$0	–	-3,863	–	-0.11%	–
DVA	Exit	DAVITA INC	$0	–	-6,666	–	-0.11%	–
AR	Exit	ANTERO RES CORP	$0	–	-16,286	–	-0.11%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-9,584	–	-0.12%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-1,678	–	-0.12%	–
CI	Exit	CIGNA CORPORATION	$0	–	-3,484	–	-0.12%	–
SATS	Exit	ECHOSTAR CORPcl a	$0	–	-10,706	–	-0.12%	–
RAD	Exit	RITE AID CORP	$0	–	-61,749	–	-0.12%	–
OLN	Exit	OLIN CORP	$0	–	-25,424	–	-0.13%	–
DSW	Exit	DSW INCcl a	$0	–	-26,347	–	-0.14%	–
RRC	Exit	RANGE RES CORP	$0	–	-13,997	–	-0.14%	–
CNXC	Exit	CNX COAL RES LP	$0	–	-35,275	–	-0.14%	–
LSXMA	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-16,218	–	-0.14%	–
ACM	Exit	AECOM	$0	–	-19,759	–	-0.15%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-5,885	–	-0.16%	–
HUM	Exit	HUMANA INC	$0	–	-3,662	–	-0.17%	–
AGN	Exit	ALLERGAN PLC	$0	–	-2,878	–	-0.17%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-20,614	–	-0.18%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-11,280	–	-0.18%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-69,763	–	-0.19%	–
YELP	Exit	YELP INCcl a	$0	–	-18,150	–	-0.20%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-12,106	–	-0.20%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-14,567	–	-0.20%	–
CPN	Exit	CALPINE CORP	$0	–	-62,047	–	-0.20%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-56,828	–	-0.20%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-33,089	–	-0.22%	–
AGR	Exit	AVANGRID INC	$0	–	-20,985	–	-0.23%	–
VOYA	Exit	VOYA FINL INC	$0	–	-30,590	–	-0.23%	–
NFLX	Exit	NETFLIX INC	$0	–	-9,384	–	-0.24%	–
TMUS	Exit	T MOBILE US INC	$0	–	-19,854	–	-0.24%	–
EQT	Exit	EQT CORP	$0	–	-14,172	–	-0.26%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-24,307	–	-0.28%	–
LLY	Exit	LILLY ELI & CO	$0	–	-14,027	–	-0.29%	–
MYL	Exit	MYLAN N V	$0	–	-30,295	–	-0.30%	–
RICE	Exit	RICE ENERGY INC	$0	–	-45,657	–	-0.31%	–
YHOO	Exit	YAHOO INC	$0	–	-28,038	–	-0.31%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-46,288	–	-0.32%	–
GRBK	Exit	GREEN BRICK PARTNERS INC	$0	–	-148,932	–	-0.32%	–
ECA	Exit	ENCANA CORP	$0	–	-120,206	–	-0.32%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-53,351	–	-0.35%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-30,092	–	-0.36%	–
BIIB	Exit	BIOGEN INC	$0	–	-4,521	–	-0.36%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-10,145	–	-0.39%	–
MFS	Exit	MANITOWOC FOODSERVICE INC	$0	–	-96,768	–	-0.40%	–
CC	Exit	CHEMOURS CO	$0	–	-99,974	–	-0.41%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-72,574	–	-0.45%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-54,646	–	-0.47%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-37,125	–	-0.48%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-41,281	–	-0.49%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-28,475	–	-0.52%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-2,681	–	-0.56%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-47,618	–	-0.57%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-30,000	–	-0.61%	–
TWX	Exit	TIME WARNER INC	$0	–	-29,734	–	-0.61%	–
ARMK	Exit	ARAMARK	$0	–	-62,259	–	-0.61%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-19,779	–	-0.61%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-29,902	–	-0.62%	–
AVGO	Exit	BROADCOM LTD	$0	–	-15,328	–	-0.68%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-138,970	–	-0.69%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-17,366	–	-0.69%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-70,552	–	-0.70%	–
AON	Exit	AON PLC	$0	–	-26,095	–	-0.76%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-73,614	–	-0.83%	–
LOW	Exit	LOWES COS INC	$0	–	-45,072	–	-0.84%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-75,000	–	-0.86%	–
GM	Exit	GENERAL MTRS CO	$0	–	-107,990	–	-0.88%	–
MMM	Exit	3M CO	$0	–	-20,000	–	-0.91%	–
KMX	Exit	CARMAX INC	$0	–	-66,154	–	-0.91%	–
HDB	Exit	HDFC BANK LTD	$0	–	-50,979	–	-0.94%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-75,000	–	-0.98%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-13,690	–	-0.99%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-29,961	–	-0.99%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-50,000	–	-1.02%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-77,785	–	-1.04%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-68,531	–	-1.05%	–
AAPL	Exit	APPLE INC	$0	–	-43,154	–	-1.26%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-26,662	–	-1.28%	–
DE	Exit	DEERE & CO	$0	–	-60,000	–	-1.32%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-35,000	–	-1.57%	–
MS	Exit	MORGAN STANLEY	$0	–	-190,000	–	-1.57%	–
C	Exit	CITIGROUP INC	$0	–	-130,000	–	-1.58%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-40,000	–	-1.64%	–
HD	Exit	HOME DEPOT INC	$0	–	-52,438	–	-1.74%	–
DIS	Exit	DISNEY WALT CO	$0	–	-75,000	–	-1.79%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-69,265	–	-1.82%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-4,804	–	-1.82%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-115,000	–	-1.82%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-43,096	–	-1.85%	–
LB	Exit	L BRANDS INC	$0	–	-102,388	–	-1.87%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-36,182	–	-1.87%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-65,000	–	-1.90%	–
SONY	Exit	SONY CORPadr new	$0	–	-225,000	–	-1.92%	–
AMZN	Exit	AMAZON COM INC	$0	–	-9,878	–	-2.13%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-275,000	–	-2.17%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-114,970	–	-2.21%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-11,256	–	-2.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-173,371	–	-2.57%	–
V	Exit	VISA INC	$0	–	-160,033	–	-3.41%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-390,000	–	-21.73%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$84,357,000	+571.2%	390,000	+550.0%	21.73%	+414.7%
V	Sell	VISA INC	$13,235,000	-0.4%	160,033	-10.7%	3.41%	-23.7%
MSFT	Sell	MICROSOFT CORP	$9,986,000	-1.2%	173,371	-12.2%	2.57%	-24.2%
GOOG	Sell	ALPHABET INCcap stk cl c	$8,749,000	+9.0%	11,256	-2.9%	2.25%	-16.4%
SIG	Buy	SIGNET JEWELERS LIMITED	$8,569,000	+118.1%	114,970	+141.2%	2.21%	+67.2%
AMZN	Sell	AMAZON COM INC	$8,271,000	-24.2%	9,878	-35.2%	2.13%	-41.9%
SONY	Sell	SONY CORPadr new	$7,472,000	-2.1%	225,000	-13.5%	1.92%	-24.9%
CACC	Sell	CREDIT ACCEP CORP MICH	$7,275,000	-5.7%	36,182	-13.2%	1.87%	-27.7%
LB	Buy	L BRANDS INC	$7,246,000	+130.1%	102,388	+118.3%	1.87%	+76.4%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$7,175,000	+0.7%	43,096	+0.1%	1.85%	-22.7%
PCLN	Buy	PRICELINE GRP INC	$7,069,000	+20.5%	4,804	+2.3%	1.82%	-7.6%
MA	Buy	MASTERCARD INCORPORATEDcl a	$7,049,000	+27.1%	69,265	+10.0%	1.82%	-2.5%
HD	Sell	HOME DEPOT INC	$6,748,000	-7.1%	52,438	-7.8%	1.74%	-28.8%
DE	New	DEERE & CO	$5,121,000	–	60,000	–	1.32%	–
PXD	Buy	PIONEER NAT RES CO	$4,950,000	+127.7%	26,662	+85.4%	1.28%	+74.7%
AAPL	Sell	APPLE INC	$4,879,000	+0.2%	43,154	-15.3%	1.26%	-23.2%
AIG	Buy	AMERICAN INTL GROUP INC	$4,067,000	+13.4%	68,531	+1.0%	1.05%	-13.0%
ZTS	Sell	ZOETIS INCcl a	$4,046,000	+5.2%	77,785	-4.0%	1.04%	-19.3%
FB	Sell	FACEBOOK INCcl a	$3,843,000	+9.8%	29,961	-2.2%	0.99%	-15.8%
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$3,835,000	–	13,690	–	0.99%	–
HDB	Sell	HDFC BANK LTD	$3,665,000	-14.8%	50,979	-21.4%	0.94%	-34.7%
KMX	Sell	CARMAX INC	$3,529,000	-34.6%	66,154	-39.8%	0.91%	-49.8%
GM	Buy	GENERAL MTRS CO	$3,431,000	+28.6%	107,990	+14.5%	0.88%	-1.4%
LOW	Sell	LOWES COS INC	$3,255,000	-29.2%	45,072	-22.4%	0.84%	-45.7%
LNG	Buy	CHENIERE ENERGY INC	$3,210,000	+67.4%	73,614	+44.2%	0.83%	+28.4%
AON	Sell	AON PLC	$2,935,000	-31.7%	26,095	-33.7%	0.76%	-47.6%
AER	Buy	AERCAP HOLDINGS NV	$2,716,000	+46.2%	70,552	+27.5%	0.70%	+12.2%
GD	Sell	GENERAL DYNAMICS CORP	$2,695,000	-7.7%	17,366	-17.2%	0.69%	-29.3%
CNX	Sell	CONSOL ENERGY INC	$2,668,000	-5.9%	138,970	-21.2%	0.69%	-27.9%
AVGO	Buy	BROADCOM LTD	$2,644,000	+13.8%	15,328	+2.5%	0.68%	-12.7%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$2,411,000	-13.5%	29,902	-10.7%	0.62%	-33.7%
RNR	Sell	RENAISSANCERE HOLDINGS LTD	$2,377,000	-14.7%	19,779	-16.6%	0.61%	-34.6%
TWX	Sell	TIME WARNER INC	$2,367,000	-9.0%	29,734	-15.9%	0.61%	-30.2%
ARMK	Buy	ARAMARK	$2,368,000	+20.0%	62,259	+5.4%	0.61%	-8.0%
AZPN	Sell	ASPEN TECHNOLOGY INC	$2,228,000	-9.7%	47,618	-22.3%	0.57%	-30.7%
GOOGL	Sell	ALPHABET INCcap stk cl a	$2,156,000	-1.0%	2,681	-13.4%	0.56%	-24.2%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$2,008,000	-1.5%	28,475	+5.8%	0.52%	-24.5%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$1,899,000	-23.6%	41,281	-16.5%	0.49%	-41.4%
WBMD	Buy	WEBMD HEALTH CORP	$1,845,000	-8.3%	37,125	+7.3%	0.48%	-29.7%
LSXMK	Buy	LIBERTY MEDIA CORP DELAWARE	$1,826,000	+51.4%	54,646	+39.8%	0.47%	+16.0%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$1,758,000	-6.2%	72,574	+4.7%	0.45%	-28.1%
CC	Buy	CHEMOURS CO	$1,600,000	+262.8%	99,974	+86.9%	0.41%	+178.4%
MFS	Buy	MANITOWOC FOODSERVICE INC	$1,570,000	-1.9%	96,768	+6.6%	0.40%	-24.8%
APD	Sell	AIR PRODS & CHEMS INC	$1,525,000	+1.9%	10,145	-3.7%	0.39%	-21.9%
BIIB	Buy	BIOGEN INC	$1,415,000	+1564.7%	4,521	+1191.7%	0.36%	+1155.2%
KORS	Sell	MICHAEL KORS HLDGS LTD	$1,408,000	-31.5%	30,092	-27.6%	0.36%	-47.5%
COG	Sell	CABOT OIL & GAS CORP	$1,376,000	-2.8%	53,351	-2.9%	0.35%	-25.5%
ECA	Buy	ENCANA CORP	$1,259,000	+35.7%	120,206	+0.9%	0.32%	+3.8%
GRBK	Buy	GREEN BRICK PARTNERS INC	$1,230,000	+20.8%	148,932	+6.3%	0.32%	-7.3%
GDX	Sell	VANECK VECTORS ETF TRgold miners etf	$1,223,000	-9.3%	46,288	-5.0%	0.32%	-30.5%
YHOO	Buy	YAHOO INC	$1,208,000	+19.0%	28,038	+3.7%	0.31%	-8.8%
RICE	New	RICE ENERGY INC	$1,192,000	–	45,657	–	0.31%	–
MYL	Buy	MYLAN N V	$1,155,000	+51.4%	30,295	+71.7%	0.30%	+16.4%
LLY	Sell	LILLY ELI & CO	$1,126,000	-21.3%	14,027	-22.7%	0.29%	-39.6%
TTWO	Sell	TAKE-TWO INTERACTIVE SOFTWAR	$1,096,000	+18.1%	24,307	-0.6%	0.28%	-9.6%
EQT	Buy	EQT CORP	$1,029,000	+82.1%	14,172	+94.3%	0.26%	+39.5%
TMUS	Buy	T MOBILE US INC	$928,000	+430.3%	19,854	+390.7%	0.24%	+305.1%
NFLX	Sell	NETFLIX INC	$925,000	-15.8%	9,384	-21.8%	0.24%	-35.5%
VOYA	Buy	VOYA FINL INC	$882,000	+33.4%	30,590	+14.5%	0.23%	+2.3%
AGR	Sell	AVANGRID INC	$877,000	-12.6%	20,985	-3.6%	0.23%	-32.9%
JD	Buy	JD COM INCspon adr cl a	$863,000	+83.2%	33,089	+49.3%	0.22%	+40.5%
CPN	Buy	CALPINE CORP	$784,000	+235.0%	62,047	+291.7%	0.20%	+155.7%
SWN	Buy	SOUTHWESTERN ENERGY CO	$786,000	+12.8%	56,828	+2.6%	0.20%	-13.7%
NWL	Buy	NEWELL BRANDS INC	$767,000	+61.1%	14,567	+48.7%	0.20%	+23.8%
DDS	Buy	DILLARDS INCcl a	$763,000	+28.9%	12,106	+23.9%	0.20%	-1.0%
YELP	Sell	YELP INCcl a	$757,000	+25.7%	18,150	-8.5%	0.20%	-3.5%
NLY	New	ANNALY CAP MGMT INC	$733,000	–	69,763	–	0.19%	–
APC	Buy	ANADARKO PETE CORP	$715,000	+951.5%	11,280	+784.0%	0.18%	+700.0%
LBTYK	Buy	LIBERTY GLOBAL PLC	$681,000	+17.4%	20,614	+1.7%	0.18%	-10.3%
AGN	Sell	ALLERGAN PLC	$663,000	-71.6%	2,878	-71.5%	0.17%	-78.2%
HUM	Sell	HUMANA INC	$648,000	-16.1%	3,662	-14.7%	0.17%	-35.5%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$623,000	+273.1%	5,885	+180.4%	0.16%	+185.7%
ACM	Sell	AECOM	$587,000	-6.5%	19,759	-0.1%	0.15%	-28.4%
LSXMA	Buy	LIBERTY MEDIA CORP DELAWARE	$551,000	+45.0%	16,218	+33.9%	0.14%	+10.9%
CNXC	Sell	CNX COAL RES LP	$547,000	+66.8%	35,275	-0.4%	0.14%	+28.2%
RRC	Buy	RANGE RES CORP	$542,000	-6.6%	13,997	+4.1%	0.14%	-28.2%
DSW	Buy	DSW INCcl a	$540,000	+17.1%	26,347	+21.0%	0.14%	-10.3%
OLN	Buy	OLIN CORP	$522,000	+193.3%	25,424	+254.2%	0.13%	+123.3%
RAD	New	RITE AID CORP	$475,000	–	61,749	–	0.12%	–
SATS	Sell	ECHOSTAR CORPcl a	$469,000	+5.9%	10,706	-4.1%	0.12%	-18.8%
CI	Buy	CIGNA CORPORATION	$454,000	+6.8%	3,484	+5.0%	0.12%	-18.2%
ICE	New	INTERCONTINENTAL EXCHANGE IN	$452,000	–	1,678	–	0.12%	–
CTRP	Sell	CTRIP COM INTL LTD	$446,000	+12.6%	9,584	-0.3%	0.12%	-13.5%
DVA	Buy	DAVITA INC	$440,000	+115.7%	6,666	+152.5%	0.11%	+63.8%
AR	New	ANTERO RES CORP	$439,000	–	16,286	–	0.11%	–
PVH	Buy	PVH CORP	$427,000	+20.3%	3,863	+2.5%	0.11%	-7.6%
ADSK	Buy	AUTODESK INC	$413,000	+265.5%	5,708	+173.0%	0.11%	+178.9%
AAP	New	ADVANCE AUTO PARTS INC	$412,000	–	2,762	–	0.11%	–
IAC	Sell	IAC INTERACTIVECORP	$406,000	+1.0%	6,506	-8.9%	0.10%	-22.2%
GPORQ	Sell	GULFPORT ENERGY CORP	$380,000	-27.6%	13,451	-19.9%	0.10%	-44.3%
AYA	New	AMAYA INC	$379,000	–	23,403	–	0.10%	–
TPH	Sell	TRI POINTE GROUP INC	$374,000	+10.3%	28,412	-1.0%	0.10%	-15.8%
LPG	Buy	DORIAN LPG LTD	$346,000	-9.2%	57,698	+6.7%	0.09%	-30.5%
AY	Buy	ATLANTICA YIELD PLC	$333,000	+8.8%	17,521	+6.2%	0.09%	-16.5%
SHPG	Buy	SHIRE PLCsponsored adr	$334,000	+802.7%	1,724	+766.3%	0.09%	+616.7%
FWONK	Buy	LIBERTY MEDIA CORP DELAWARE	$328,000	+337.3%	11,663	+194.0%	0.08%	+236.0%
ARRS	New	ARRIS INTL INC	$319,000	–	11,248	–	0.08%	–
PRGO	New	PERRIGO CO PLC	$291,000	–	3,147	–	0.08%	–
LBTYA	Buy	LIBERTY GLOBAL PLC	$265,000	+19.4%	7,750	+1.6%	0.07%	-9.3%
ABC	New	AMERISOURCEBERGEN CORP	$257,000	–	3,178	–	0.07%	–
MMC	Buy	MARSH & MCLENNAN COS INC	$256,000	+18.5%	3,807	+20.5%	0.07%	-9.6%
MTW	Sell	MANITOWOC INC	$258,000	-47.9%	53,855	-40.7%	0.07%	-60.2%
EVHC	Buy	ENVISION HEALTHCARE HLDGS IN	$254,000	+28.9%	11,420	+47.4%	0.06%	-1.5%
WUBA	Buy	58 COM INCspon adr rep a	$247,000	+22.9%	5,181	+18.6%	0.06%	-5.9%
WDC	Sell	WESTERN DIGITAL CORP	$243,000	-90.3%	4,161	-92.2%	0.06%	-92.5%
JCI	New	JOHNSON CTLS INTL PLC	$235,000	–	5,047	–	0.06%	–
SEE	Buy	SEALED AIR CORP NEW	$222,000	+572.7%	4,846	+570.3%	0.06%	+418.2%
SRAQ	New	SILVER RUN ACQUISITION CORPcl a	$217,000	–	13,756	–	0.06%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$216,000	–	5,049	–	0.06%	–
CP	Sell	CANADIAN PAC RY LTD	$215,000	-51.7%	1,411	-59.1%	0.06%	-63.1%
FMC	New	F M C CORP	$209,000	–	4,319	–	0.05%	–
KITE	Buy	KITE PHARMA INC	$207,000	+20.3%	3,700	+7.8%	0.05%	-8.6%
HTZGQ	New	HERTZ GLOBAL HLDGS INC	$177,000	–	4,405	–	0.05%	–
CYH	Buy	COMMUNITY HEALTH SYS INC NEW	$172,000	+77.3%	14,943	+84.8%	0.04%	+33.3%
AET	Sell	AETNA INC NEW	$166,000	-76.9%	1,435	-75.6%	0.04%	-82.2%
GWPH	New	GW PHARMACEUTICALS PLCads	$166,000	–	1,247	–	0.04%	–
UHAL	New	AMERCO	$160,000	–	495	–	0.04%	–
DYN	Buy	DYNEGY INC NEW DEL	$161,000	+1510.0%	12,990	+2207.3%	0.04%	+1266.7%
TERP	Sell	TERRAFORM PWR INC	$156,000	-16.6%	11,195	-34.7%	0.04%	-36.5%
HCA	New	HCA HOLDINGS INC	$124,000	–	1,633	–	0.03%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$112,000	–	920	–	0.03%	–
FWONA	Buy	LIBERTY MEDIA CORP DELAWARE	$113,000	+391.3%	3,942	+231.0%	0.03%	+262.5%
QHCCQ	New	QUORUM HEALTH CORP	$105,000	–	16,682	–	0.03%	–
CHK	New	CHESAPEAKE ENERGY CORP	$89,000	–	14,249	–	0.02%	–
SC	Buy	SANTANDER CONSUMER USA HDG I	$90,000	+55.2%	7,379	+32.2%	0.02%	+21.1%
LILAK	Buy	LIBERTY GLOBAL PLC	$72,000	-12.2%	2,574	+1.8%	0.02%	-32.1%
LAMR	Buy	LAMAR ADVERTISING CO NEWcl a	$61,000	0.0%	938	+2.4%	0.02%	-20.0%
SNC	Sell	STATE NATL COS INC	$55,000	-49.1%	4,960	-51.8%	0.01%	-61.1%
NRG	New	NRG ENERGY INC	$56,000	–	5,003	–	0.01%	–
CNC	New	CENTENE CORP DEL	$50,000	–	741	–	0.01%	–
GLBL	Buy	TERRAFORM GLOBAL INCcl a	$50,000	+25.0%	12,199	+0.0%	0.01%	0.0%
EDIT	Sell	EDITAS MEDICINE INC	$34,000	-55.8%	2,557	-18.7%	0.01%	-65.4%
ECR	Buy	ECLIPSE RES CORP	$34,000	+3300.0%	10,453	+2500.2%	0.01%	–
BATRK	Sell	LIBERTY MEDIA CORP DELAWARE	$31,000	-78.6%	1,765	-82.1%	0.01%	-83.7%
LILA	Buy	LIBERTY GLOBAL PLC	$27,000	-12.9%	965	+1.4%	0.01%	-30.0%
VOD	Sell	VODAFONE GROUP PLC NEWspnsr adr	$18,000	-90.5%	631	-89.7%	0.01%	-92.2%
CLDPQ	New	CLOUD PEAK ENERGY INC	$14,000	–	2,522	–	0.00%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-111,811	–	-0.01%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-807	–	-0.01%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-454	–	-0.01%	–
SALT	Exit	SCORPIO BULKERS INC	$0	–	-13,294	–	-0.01%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-427	–	-0.01%	–
BATRA	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-2,963	–	-0.02%	–
A104PS	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-1,997	–	-0.02%	–
DXCM	Exit	DEXCOM INC	$0	–	-738	–	-0.02%	–
PFE	Exit	PFIZER INC	$0	–	-1,724	–	-0.02%	–
MDVN	Exit	MEDIVATION INC	$0	–	-1,069	–	-0.02%	–
PGR	Exit	PROGRESSIVE CORP OHIO	$0	–	-2,421	–	-0.03%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-817	–	-0.03%	–
GSAT	Exit	GLOBALSTAR INC	$0	–	-67,621	–	-0.03%	–
AKRXQ	Exit	AKORN INC	$0	–	-2,951	–	-0.03%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-652	–	-0.03%	–
SIRI	Exit	SIRIUS XM HLDGS INC	$0	–	-25,731	–	-0.03%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-6,658	–	-0.04%	–
SRAQU	Exit	SILVER RUN ACQUISITION CORPunit 99/99/9999t	$0	–	-11,095	–	-0.04%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-1,029	–	-0.04%	–
MET	Exit	METLIFE INC	$0	–	-3,900	–	-0.05%	–
OIS	Exit	OIL STS INTL INC	$0	–	-5,381	–	-0.06%	–
CB	Exit	CHUBB LIMITED	$0	–	-1,512	–	-0.07%	–
IM	Exit	INGRAM MICRO INCcl a	$0	–	-6,515	–	-0.08%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-3,399	–	-0.08%	–
BAX	Exit	BAXTER INTL INC	$0	–	-7,389	–	-0.11%	–
FISV	Exit	FISERV INC	$0	–	-3,100	–	-0.11%	–
EMC	Exit	E M C CORP MASS	$0	–	-15,155	–	-0.14%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-1,658	–	-0.15%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-10,123	–	-0.19%	–
AGNC	Exit	AMERICAN CAPITAL AGENCY CORP	$0	–	-29,841	–	-0.20%	–
HTS	Exit	HATTERAS FINL CORP	$0	–	-37,369	–	-0.21%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-3,052	–	-0.30%	–
ANTM	Exit	ANTHEM INC	$0	–	-7,404	–	-0.33%	–
M	Exit	MACYS INC	$0	–	-43,795	–	-0.49%	–
IMS	Exit	IMS HEALTH HLDGS INC	$0	–	-61,840	–	-0.53%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP IN	$0	–	-106,649	–	-1.27%	–

Q2 2016

			Value		Shares		↓ Weighting
V	New	VISA INC	$13,294,000	–	179,240	–	4.47%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$12,569,000	–	60,000	–	4.22%	–
AMZN	New	AMAZON COM INC	$10,906,000	–	15,240	–	3.66%	–
MSFT	New	MICROSOFT CORP	$10,108,000	–	197,528	–	3.40%	–
GOOG	New	ALPHABET INCcap stk cl c	$8,026,000	–	11,597	–	2.70%	–
CACC	New	CREDIT ACCEP CORP MICH	$7,715,000	–	41,685	–	2.59%	–
SONY	New	SONY CORPadr new	$7,631,000	–	260,000	–	2.56%	–
AMT	New	AMERICAN TOWER CORP NEW	$7,385,000	–	65,000	–	2.48%	–
DIS	New	DISNEY WALT CO	$7,337,000	–	75,000	–	2.46%	–
HD	New	HOME DEPOT INC	$7,264,000	–	56,891	–	2.44%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$7,213,000	–	275,000	–	2.42%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$7,122,000	–	43,061	–	2.39%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$6,659,000	–	115,000	–	2.24%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,910,000	–	40,000	–	1.98%	–
PCLN	New	PRICELINE GRP INC	$5,864,000	–	4,697	–	1.97%	–
MA	New	MASTERCARD INCcl a	$5,546,000	–	62,976	–	1.86%	–
C	New	CITIGROUP INC	$5,511,000	–	130,000	–	1.85%	–
KMX	New	CARMAX INC	$5,392,000	–	109,969	–	1.81%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$5,010,000	–	35,000	–	1.68%	–
MS	New	MORGAN STANLEY	$4,936,000	–	190,000	–	1.66%	–
AAPL	New	APPLE INC	$4,869,000	–	50,935	–	1.64%	–
LOW	New	LOWES COS INC	$4,597,000	–	58,062	–	1.54%	–
HDB	New	HDFC BANK LTD	$4,304,000	–	64,872	–	1.45%	–
AON	New	AON PLC	$4,299,000	–	39,355	–	1.44%	–
GILD	New	GILEAD SCIENCES INC	$4,171,000	–	50,000	–	1.40%	–
SIG	New	SIGNET JEWELERS LIMITED	$3,929,000	–	47,672	–	1.32%	–
ZTS	New	ZOETIS INCcl a	$3,847,000	–	81,056	–	1.29%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$3,775,000	–	106,649	–	1.27%	–
AIG	New	AMERICAN INTL GROUP INC	$3,587,000	–	67,826	–	1.20%	–
FB	New	FACEBOOK INCcl a	$3,501,000	–	30,634	–	1.18%	–
MMM	New	3M CO	$3,502,000	–	20,000	–	1.18%	–
BHI	New	BAKER HUGHES INC	$3,385,000	–	75,000	–	1.14%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$3,225,000	–	75,000	–	1.08%	–
LB	New	L BRANDS INC	$3,149,000	–	46,905	–	1.06%	–
GD	New	GENERAL DYNAMICS CORP	$2,921,000	–	20,980	–	0.98%	–
CNX	New	CONSOL ENERGY INC	$2,836,000	–	176,250	–	0.95%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$2,786,000	–	23,722	–	0.94%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,787,000	–	33,475	–	0.94%	–
GM	New	GENERAL MTRS CO	$2,669,000	–	94,320	–	0.90%	–
TWX	New	TIME WARNER INC	$2,601,000	–	35,365	–	0.87%	–
WDC	New	WESTERN DIGITAL CORP	$2,516,000	–	53,241	–	0.84%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$2,484,000	–	49,462	–	0.83%	–
AZPN	New	ASPEN TECHNOLOGY INC	$2,466,000	–	61,271	–	0.83%	–
SLB	New	SCHLUMBERGER LTD	$2,372,000	–	30,000	–	0.80%	–
AGN	New	ALLERGAN PLC	$2,335,000	–	10,106	–	0.78%	–
AVGO	New	BROADCOM LTD	$2,323,000	–	14,950	–	0.78%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,178,000	–	3,096	–	0.73%	–
PXD	New	PIONEER NAT RES CO	$2,174,000	–	14,378	–	0.73%	–
KORS	New	MICHAEL KORS HLDGS LTD	$2,056,000	–	41,553	–	0.69%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$2,039,000	–	26,904	–	0.68%	–
WBMD	New	WEBMD HEALTH CORP	$2,011,000	–	34,608	–	0.68%	–
ARMK	New	ARAMARK	$1,974,000	–	59,070	–	0.66%	–
LNG	New	CHENIERE ENERGY INC	$1,917,000	–	51,056	–	0.64%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,875,000	–	69,325	–	0.63%	–
AER	New	AERCAP HOLDINGS NV	$1,858,000	–	55,317	–	0.62%	–
MFS	New	MANITOWOC FOODSERVICE INC	$1,600,000	–	90,781	–	0.54%	–
IMS	New	IMS HEALTH HLDGS INC	$1,568,000	–	61,840	–	0.53%	–
APD	New	AIR PRODS & CHEMS INC	$1,496,000	–	10,534	–	0.50%	–
M	New	MACYS INC	$1,472,000	–	43,795	–	0.49%	–
LLY	New	LILLY ELI & CO	$1,430,000	–	18,156	–	0.48%	–
COG	New	CABOT OIL & GAS CORP	$1,415,000	–	54,972	–	0.48%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$1,349,000	–	48,699	–	0.45%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$1,206,000	–	39,078	–	0.40%	–
NFLX	New	NETFLIX INC	$1,098,000	–	12,006	–	0.37%	–
GRBK	New	GREEN BRICK PARTNERS INC	$1,018,000	–	140,056	–	0.34%	–
YHOO	New	YAHOO INC	$1,015,000	–	27,028	–	0.34%	–
AGR	New	AVANGRID INC	$1,003,000	–	21,773	–	0.34%	–
ANTM	New	ANTHEM INC	$972,000	–	7,404	–	0.33%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$928,000	–	24,464	–	0.31%	–
ECA	New	ENCANA CORP	$928,000	–	119,139	–	0.31%	–
SHW	New	SHERWIN WILLIAMS CO	$896,000	–	3,052	–	0.30%	–
HUM	New	HUMANA INC	$772,000	–	4,291	–	0.26%	–
MYL	New	MYLAN N V	$763,000	–	17,647	–	0.26%	–
AET	New	AETNA INC NEW	$719,000	–	5,885	–	0.24%	–
SWN	New	SOUTHWESTERN ENERGY CO	$697,000	–	55,402	–	0.23%	–
VOYA	New	VOYA FINL INC	$661,000	–	26,714	–	0.22%	–
ACM	New	AECOM	$628,000	–	19,780	–	0.21%	–
HTS	New	HATTERAS FINL CORP	$613,000	–	37,369	–	0.21%	–
YELP	New	YELP INCcl a	$602,000	–	19,838	–	0.20%	–
DDS	New	DILLARDS INCcl a	$592,000	–	9,768	–	0.20%	–
AGNC	New	AMERICAN CAPITAL AGENCY CORP	$591,000	–	29,841	–	0.20%	–
LBTYK	New	LIBERTY GLOBAL PLC	$580,000	–	20,261	–	0.20%	–
RRC	New	RANGE RES CORP	$580,000	–	13,442	–	0.20%	–
EQT	New	EQT CORP	$565,000	–	7,294	–	0.19%	–
TPX	New	TEMPUR SEALY INTL INC	$560,000	–	10,123	–	0.19%	–
GPORQ	New	GULFPORT ENERGY CORP	$525,000	–	16,795	–	0.18%	–
MTW	New	MANITOWOC INC	$495,000	–	90,761	–	0.17%	–
NWL	New	NEWELL BRANDS INC	$476,000	–	9,798	–	0.16%	–
JD	New	JD COM INCspon adr cl a	$471,000	–	22,169	–	0.16%	–
DSW	New	DSW INCcl a	$461,000	–	21,774	–	0.16%	–
CP	New	CANADIAN PAC RY LTD	$445,000	–	3,452	–	0.15%	–
SATS	New	ECHOSTAR CORPcl a	$443,000	–	11,166	–	0.15%	–
CC	New	CHEMOURS CO	$441,000	–	53,485	–	0.15%	–
TDG	New	TRANSDIGM GROUP INC	$437,000	–	1,658	–	0.15%	–
CI	New	CIGNA CORPORATION	$425,000	–	3,317	–	0.14%	–
EMC	New	E M C CORP MASS	$412,000	–	15,155	–	0.14%	–
IAC	New	IAC INTERACTIVECORP	$402,000	–	7,139	–	0.14%	–
CTRP	New	CTRIP COM INTL LTD	$396,000	–	9,610	–	0.13%	–
LSXMA	New	LIBERTY MEDIA CORP DELAWARE	$380,000	–	12,110	–	0.13%	–
LPG	New	DORIAN LPG LTD	$381,000	–	54,057	–	0.13%	–
PVH	New	PVH CORP	$355,000	–	3,767	–	0.12%	–
TPH	New	TRI POINTE GROUP INC	$339,000	–	28,695	–	0.11%	–
FISV	New	FISERV INC	$337,000	–	3,100	–	0.11%	–
BAX	New	BAXTER INTL INC	$334,000	–	7,389	–	0.11%	–
CNXC	New	CNX COAL RES LP	$328,000	–	35,401	–	0.11%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$311,000	–	21,355	–	0.10%	–
AY	New	ATLANTICA YIELD PLC	$306,000	–	16,496	–	0.10%	–
PRU	New	PRUDENTIAL FINL INC	$242,000	–	3,399	–	0.08%	–
CPN	New	CALPINE CORP	$234,000	–	15,842	–	0.08%	–
IM	New	INGRAM MICRO INCcl a	$227,000	–	6,515	–	0.08%	–
LBTYA	New	LIBERTY GLOBAL PLC	$222,000	–	7,630	–	0.08%	–
MMC	New	MARSH & MCLENNAN COS INC	$216,000	–	3,160	–	0.07%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$204,000	–	2,640	–	0.07%	–
WUBA	New	58 COM INCspon adr rep a	$201,000	–	4,370	–	0.07%	–
CB	New	CHUBB LIMITED	$198,000	–	1,512	–	0.07%	–
EVHC	New	ENVISION HEALTHCARE HLDGS IN	$197,000	–	7,748	–	0.07%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr	$190,000	–	6,155	–	0.06%	–
TERP	New	TERRAFORM PWR INC	$187,000	–	17,147	–	0.06%	–
OLN	New	OLIN CORP	$178,000	–	7,178	–	0.06%	–
TMUS	New	T MOBILE US INC	$175,000	–	4,046	–	0.06%	–
OIS	New	OIL STS INTL INC	$177,000	–	5,381	–	0.06%	–
KITE	New	KITE PHARMA INC	$172,000	–	3,431	–	0.06%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$167,000	–	2,099	–	0.06%	–
MET	New	METLIFE INC	$155,000	–	3,900	–	0.05%	–
BATRK	New	LIBERTY MEDIA CORP DELAWARE	$145,000	–	9,872	–	0.05%	–
LH	New	LABORATORY CORP AMER HLDGS	$134,000	–	1,029	–	0.04%	–
ADSK	New	AUTODESK INC	$113,000	–	2,091	–	0.04%	–
SRAQU	New	SILVER RUN ACQUISITION CORPunit 99/99/9999t	$111,000	–	11,095	–	0.04%	–
SNC	New	STATE NATL COS INC	$108,000	–	10,285	–	0.04%	–
ENDP	New	ENDO INTL PLC	$104,000	–	6,658	–	0.04%	–
SIRI	New	SIRIUS XM HLDGS INC	$102,000	–	25,731	–	0.03%	–
CYH	New	COMMUNITY HEALTH SYS INC NEW	$97,000	–	8,088	–	0.03%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$87,000	–	652	–	0.03%	–
BIIB	New	BIOGEN INC	$85,000	–	350	–	0.03%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$83,000	–	817	–	0.03%	–
AKRXQ	New	AKORN INC	$84,000	–	2,951	–	0.03%	–
GSAT	New	GLOBALSTAR INC	$82,000	–	67,621	–	0.03%	–
LILAK	New	LIBERTY GLOBAL PLC	$82,000	–	2,528	–	0.03%	–
PGR	New	PROGRESSIVE CORP OHIO	$81,000	–	2,421	–	0.03%	–
EDIT	New	EDITAS MEDICINE INC	$77,000	–	3,145	–	0.03%	–
FWONK	New	LIBERTY MEDIA CORP DELAWARE	$75,000	–	3,967	–	0.02%	–
APC	New	ANADARKO PETE CORP	$68,000	–	1,276	–	0.02%	–
MDVN	New	MEDIVATION INC	$64,000	–	1,069	–	0.02%	–
PFE	New	PFIZER INC	$61,000	–	1,724	–	0.02%	–
DXCM	New	DEXCOM INC	$59,000	–	738	–	0.02%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$61,000	–	916	–	0.02%	–
SC	New	SANTANDER CONSUMER USA HDG I	$58,000	–	5,582	–	0.02%	–
A104PS	New	HILTON WORLDWIDE HLDGS INC	$45,000	–	1,997	–	0.02%	–
BATRA	New	LIBERTY MEDIA CORP DELAWARE	$45,000	–	2,963	–	0.02%	–
KSU	New	KANSAS CITY SOUTHERN	$38,000	–	427	–	0.01%	–
GLBL	New	TERRAFORM GLOBAL INCcl a	$40,000	–	12,194	–	0.01%	–
SALT	New	SCORPIO BULKERS INC	$37,000	–	13,294	–	0.01%	–
SHPG	New	SHIRE PLCsponsored adr	$37,000	–	199	–	0.01%	–
SEE	New	SEALED AIR CORP NEW	$33,000	–	723	–	0.01%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$34,000	–	454	–	0.01%	–
LILA	New	LIBERTY GLOBAL PLC	$31,000	–	952	–	0.01%	–
FWONA	New	LIBERTY MEDIA CORP DELAWARE	$23,000	–	1,191	–	0.01%	–
WMB	New	WILLIAMS COS INC DEL	$17,000	–	807	–	0.01%	–
SUNEQ	New	SUNEDISON INC	$16,000	–	111,811	–	0.01%	–
DYN	New	DYNEGY INC NEW DEL	$10,000	–	563	–	0.00%	–
ECR	New	ECLIPSE RES CORP	$1,000	–	402	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
CKH	Exit	SEACOR HOLDINGS INC	$0	–	-7	–	0.00%	–
PRQR	Exit	PROQR THRAPEUTICS N V	$0	–	-807	–	-0.00%	–
ASC	Exit	ARDMORE SHIPPING CORP	$0	–	-1,531	–	-0.00%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-2,082	–	-0.00%	–
HYH	Exit	HALYARD HEALTH INC	$0	–	-690	–	-0.00%	–
FSAM	Exit	FIFTH STR ASSET MGMT INC	$0	–	-3,244	–	-0.00%	–
DE	Exit	DEERE & CO	$0	–	-358	–	-0.01%	–
OIS	Exit	OIL STS INTL INC	$0	–	-1,436	–	-0.01%	–
ESPR	Exit	ESPERION THERAPEUTICS INC NE	$0	–	-1,770	–	-0.01%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-273	–	-0.01%	–
ABB	Exit	ABB LTDsponsored adr	$0	–	-2,670	–	-0.01%	–
KITE	Exit	KITE PHARMA INC	$0	–	-875	–	-0.01%	–
COO	Exit	COOPER COS INC	$0	–	-371	–	-0.01%	–
STAY	Exit	EXTENDED STAY AMER INCunit 99/99/9999b	$0	–	-3,571	–	-0.01%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-1,426	–	-0.01%	–
NGHC	Exit	NATIONAL GEN HLDGS CORP	$0	–	-3,897	–	-0.01%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-3,445	–	-0.02%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-5,112	–	-0.02%	–
QUNR	Exit	QUNAR CAYMAN IS LTDspns adr cl b	$0	–	-3,403	–	-0.02%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-3,472	–	-0.02%	–
ALL	Exit	ALLSTATE CORP	$0	–	-1,954	–	-0.02%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-1,605	–	-0.02%	–
SGMS	Exit	SCIENTIFIC GAMES CORPcl a	$0	–	-11,029	–	-0.02%	–
MTW	Exit	MANITOWOC INC	$0	–	-7,917	–	-0.02%	–
ALXA	Exit	ALEXZA PHARMACEUTICALS INC	$0	–	-98,914	–	-0.02%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-624	–	-0.02%	–
SNC	Exit	STATE NATL COS INC	$0	–	-14,260	–	-0.02%	–
ABY	Exit	ABENGOA YIELD PLC	$0	–	-8,486	–	-0.03%	–
LM	Exit	LEGG MASON INC	$0	–	-3,534	–	-0.03%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-4,355	–	-0.03%	–
BLL	Exit	BALL CORP	$0	–	-2,530	–	-0.03%	–
MCK	Exit	MCKESSON CORP	$0	–	-856	–	-0.03%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-4,560	–	-0.03%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-1,964	–	-0.03%	–
IM	Exit	INGRAM MICRO INCcl a	$0	–	-6,561	–	-0.03%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-2,024	–	-0.03%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-11,810	–	-0.03%	–
BIIB	Exit	BIOGEN INC	$0	–	-696	–	-0.04%	–
SEMI	Exit	SUNEDISON SEMICONDUCTOR LTD	$0	–	-20,055	–	-0.04%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-1,655	–	-0.04%	–
MDAS	Exit	MEDASSETS INC	$0	–	-10,509	–	-0.04%	–
NSAM	Exit	NORTHSTAR ASSET MGMT GROUP I	$0	–	-16,473	–	-0.04%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-1,749	–	-0.04%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-11,736	–	-0.04%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-2,220	–	-0.04%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-2,473	–	-0.05%	–
CAR	Exit	AVIS BUDGET GROUP	$0	–	-5,827	–	-0.05%	–
FISV	Exit	FISERV INC	$0	–	-3,000	–	-0.05%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-6,628	–	-0.05%	–
M	Exit	MACYS INC	$0	–	-5,563	–	-0.05%	–
LMCK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-8,708	–	-0.06%	–
YHOO	Exit	YAHOO INC	$0	–	-10,997	–	-0.06%	–
SALT	Exit	SCORPIO BULKERS INC	$0	–	-222,161	–	-0.06%	–
TPH	Exit	TRI POINTE GROUP INC	$0	–	-25,873	–	-0.06%	–
ANTM	Exit	ANTHEM INC	$0	–	-2,586	–	-0.07%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-10,136	–	-0.08%	–
AET	Exit	AETNA INC NEW	$0	–	-4,181	–	-0.08%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-28,243	–	-0.09%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-7,410	–	-0.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-8,279	–	-0.09%	–
OI	Exit	OWENS ILL INC	$0	–	-23,515	–	-0.09%	–
LUK	Exit	LEUCADIA NATL CORP	$0	–	-24,638	–	-0.09%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-6,844	–	-0.09%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-7,931	–	-0.09%	–
SATS	Exit	ECHOSTAR CORPcl a	$0	–	-12,201	–	-0.10%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-21,355	–	-0.10%	–
CI	Exit	CIGNA CORPORATION	$0	–	-3,952	–	-0.10%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-11,608	–	-0.10%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-8,691	–	-0.11%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-8,754	–	-0.11%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-7,268	–	-0.11%	–
LPG	Exit	DORIAN LPG LTD	$0	–	-56,456	–	-0.11%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-6,636	–	-0.11%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-44,370	–	-0.11%	–
EVHC	Exit	ENVISION HEALTHCARE HLDGS IN	$0	–	-16,894	–	-0.12%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-42,903	–	-0.12%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-27,680	–	-0.13%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-17,876	–	-0.14%	–
MET	Exit	METLIFE INC	$0	–	-16,357	–	-0.14%	–
HUM	Exit	HUMANA INC	$0	–	-4,333	–	-0.14%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-6,495	–	-0.15%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-19,424	–	-0.15%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-12,393	–	-0.15%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-17,728	–	-0.16%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-29,417	–	-0.16%	–
ON	Exit	ON SEMICONDUCTOR CORP	$0	–	-93,066	–	-0.16%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-132,639	–	-0.18%	–
ACM	Exit	AECOM	$0	–	-36,239	–	-0.19%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-8,138	–	-0.19%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-7,337	–	-0.20%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-8,803	–	-0.20%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-5,925	–	-0.20%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-6,293	–	-0.21%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-30,041	–	-0.22%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-118,487	–	-0.22%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-45,951	–	-0.22%	–
ILMN	Exit	ILLUMINA INC	$0	–	-6,816	–	-0.22%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-39,733	–	-0.23%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-14,769	–	-0.23%	–
VOYA	Exit	VOYA FINL INC	$0	–	-32,059	–	-0.23%	–
NWS	Exit	NEWS CORP NEWcl b	$0	–	-97,066	–	-0.23%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-33,119	–	-0.24%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-32,992	–	-0.25%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-19,158	–	-0.25%	–
UIL	Exit	UIL HLDG CORP	$0	–	-26,766	–	-0.25%	–
TWX	Exit	TIME WARNER INC	$0	–	-20,344	–	-0.26%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-24,062	–	-0.27%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-18,310	–	-0.28%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-37,845	–	-0.28%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-59,999	–	-0.30%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-68,359	–	-0.30%	–
ARMK	Exit	ARAMARK	$0	–	-55,838	–	-0.31%	–
SNDK	Exit	SANDISK CORP	$0	–	-30,990	–	-0.32%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-35,000	–	-0.32%	–
WEB	Exit	WEB COM GROUP INC	$0	–	-82,503	–	-0.32%	–
CCE	Exit	COCA COLA ENTERPRISES INC NE	$0	–	-36,586	–	-0.33%	–
SEAS	Exit	SEAWORLD ENTMT INC	$0	–	-103,762	–	-0.35%	–
V	Exit	VISA INC	$0	–	-28,004	–	-0.36%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-21,906	–	-0.44%	–
GM	Exit	GENERAL MTRS CO	$0	–	-79,487	–	-0.45%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-3,761	–	-0.45%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-198,231	–	-0.47%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-19,199	–	-0.50%	–
AGN	Exit	ALLERGAN PLC	$0	–	-10,765	–	-0.55%	–
EBAY	Exit	EBAY INC	$0	–	-126,068	–	-0.58%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-208,797	–	-0.58%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-18,305	–	-0.60%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-44,990	–	-0.61%	–
AON	Exit	AON PLC	$0	–	-37,699	–	-0.62%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-71,079	–	-0.64%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-192,593	–	-0.66%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP IN	$0	–	-98,653	–	-0.73%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-69,065	–	-0.73%	–
PVH	Exit	PVH CORP	$0	–	-40,160	–	-0.77%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-30,767	–	-0.78%	–
AAPL	Exit	APPLE INC	$0	–	-39,928	–	-0.82%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-25,579	–	-0.86%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-58,359	–	-0.91%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-50,000	–	-0.92%	–
HAL	Exit	HALLIBURTON CO	$0	–	-140,000	–	-0.93%	–
MS	Exit	MORGAN STANLEY	$0	–	-180,000	–	-1.06%	–
KMX	Exit	CARMAX INC	$0	–	-95,498	–	-1.06%	–
FDX	Exit	FEDEX CORP	$0	–	-40,000	–	-1.08%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-46,693	–	-1.09%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-50,286	–	-1.15%	–
C	Exit	CITIGROUP INC	$0	–	-129,061	–	-1.20%	–
SONY	Exit	SONY CORPadr new	$0	–	-265,000	–	-1.21%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-110,000	–	-1.22%	–
DIS	Exit	DISNEY WALT CO	$0	–	-65,000	–	-1.24%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-11,578	–	-1.32%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-125,000	–	-1.33%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-86,387	–	-1.46%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-430,000	–	-1.67%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-110,000	–	-1.69%	–
AMZN	Exit	AMAZON COM INC	$0	–	-18,104	–	-1.73%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-241,864	–	-2.00%	–
LB	Exit	L BRANDS INC	$0	–	-172,891	–	-2.92%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,330,007	–	-47.67%	–

Q3 2015

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$254,869,000	+55.1%	1,330,007	+66.6%	47.67%	+37.0%
LB	Buy	L BRANDS INC	$15,583,000	+35.8%	172,891	+29.2%	2.92%	+20.0%
MSFT	Sell	MICROSOFT CORP	$10,705,000	-0.8%	241,864	-1.1%	2.00%	-12.5%
AMZN	Buy	AMAZON COM INC	$9,267,000	+510.1%	18,104	+417.3%	1.73%	+438.2%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$8,923,000	+2.1%	430,000	+11.7%	1.67%	-9.9%
MA	Sell	MASTERCARD INCcl a	$7,785,000	-4.6%	86,387	-1.0%	1.46%	-15.8%
SBUX	Buy	STARBUCKS CORP	$7,105,000	+26.2%	125,000	+19.0%	1.33%	+11.4%
GOOG	Buy	GOOGLE INCcl c	$7,044,000	+116.7%	11,578	+85.4%	1.32%	+91.1%
DIS	Buy	DISNEY WALT CO	$6,643,000	+16.4%	65,000	+30.0%	1.24%	+2.7%
SONY	Buy	SONY CORPadr new	$6,493,000	+1.6%	265,000	+17.8%	1.21%	-10.3%
C	Sell	CITIGROUP INC	$6,403,000	-16.1%	129,061	-6.6%	1.20%	-26.0%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$6,149,000	-14.1%	50,286	-8.9%	1.15%	-24.2%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$5,846,000	+2.1%	46,693	-5.4%	1.09%	-9.9%
FDX	Sell	FEDEX CORP	$5,759,000	-32.4%	40,000	-20.0%	1.08%	-40.3%
KMX	Buy	CARMAX INC	$5,665,000	-3.1%	95,498	+8.2%	1.06%	-14.4%
GILD	New	GILEAD SCIENCES INC	$4,910,000	–	50,000	–	0.92%	–
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$4,850,000	+18.5%	58,359	+20.4%	0.91%	+4.6%
TWC	New	TIME WARNER CABLE INC	$4,588,000	–	25,579	–	0.86%	–
AAPL	Buy	APPLE INC	$4,404,000	-2.0%	39,928	+11.5%	0.82%	-13.4%
SIG	Buy	SIGNET JEWELERS LIMITED	$4,188,000	+34.2%	30,767	+26.4%	0.78%	+18.5%
PVH	Sell	PVH CORP	$4,094,000	-22.0%	40,160	-11.8%	0.77%	-31.1%
AIG	Sell	AMERICAN INTL GROUP INC	$3,924,000	-22.7%	69,065	-15.9%	0.73%	-31.8%
IBKR	Buy	INTERACTIVE BROKERS GROUP IN	$3,894,000	+33.4%	98,653	+40.5%	0.73%	+17.8%
MGM	Sell	MGM RESORTS INTERNATIONAL	$3,553,000	-36.5%	192,593	-37.2%	0.66%	-43.9%
LNG	Sell	CHENIERE ENERGY INC	$3,433,000	-39.1%	71,079	-12.7%	0.64%	-46.2%
AON	Buy	AON PLC	$3,341,000	+17.0%	37,699	+31.6%	0.62%	+3.3%
DG	Sell	DOLLAR GEN CORP NEW	$3,259,000	-18.7%	44,990	-12.8%	0.61%	-28.2%
CHTR	Buy	CHARTER COMMUNICATIONS INC Dcl a new	$3,219,000	+86.5%	18,305	+81.6%	0.60%	+64.5%
MU	Buy	MICRON TECHNOLOGY INC	$3,128,000	-20.3%	208,797	+0.2%	0.58%	-29.6%
EBAY	Buy	EBAY INC	$3,081,000	-36.5%	126,068	+56.5%	0.58%	-44.0%
AGN	Buy	ALLERGAN PLC	$2,926,000	+7.5%	10,765	+20.1%	0.55%	-5.0%
GD	Sell	GENERAL DYNAMICS CORP	$2,649,000	-52.3%	19,199	-51.0%	0.50%	-57.9%
NWSA	Sell	NEWS CORP NEWcl a	$2,502,000	-25.2%	198,231	-13.5%	0.47%	-33.9%
GOOGL	Buy	GOOGLE INCcl a	$2,401,000	+84.1%	3,761	+55.8%	0.45%	+62.7%
GM	Buy	GENERAL MTRS CO	$2,386,000	+58.0%	79,487	+75.4%	0.45%	+39.4%
RNR	Buy	RENAISSANCERE HOLDINGS LTD	$2,329,000	+34.7%	21,906	+28.6%	0.44%	+19.1%
V	Sell	VISA INC	$1,951,000	-1.3%	28,004	-4.9%	0.36%	-12.9%
SEAS	Sell	SEAWORLD ENTMT INC	$1,848,000	-33.6%	103,762	-31.3%	0.35%	-41.4%
CCE	New	COCA COLA ENTERPRISES INC NE	$1,769,000	–	36,586	–	0.33%	–
WEB	Sell	WEB COM GROUP INC	$1,739,000	-58.7%	82,503	-52.6%	0.32%	-63.6%
SNI	Sell	SCRIPPS NETWORKS INTERACT IN	$1,722,000	-62.4%	35,000	-50.0%	0.32%	-66.8%
SNDK	Sell	SANDISK CORP	$1,684,000	-37.6%	30,990	-33.2%	0.32%	-44.9%
ARMK	Sell	ARAMARK	$1,655,000	-8.1%	55,838	-3.9%	0.31%	-18.6%
CFG	Buy	CITIZENS FINL GROUP INC	$1,631,000	-1.2%	68,359	+13.1%	0.30%	-12.9%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$1,619,000	+20.5%	59,999	+45.3%	0.30%	+6.3%
CBI	Buy	CHICAGO BRIDGE & IRON CO N V	$1,501,000	-7.7%	37,845	+16.4%	0.28%	-18.6%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$1,482,000	-14.0%	18,310	-5.5%	0.28%	-24.1%
PKG	New	PACKAGING CORP AMER	$1,448,000	–	24,062	–	0.27%	–
TWX	Buy	TIME WARNER INC	$1,399,000	-11.8%	20,344	+12.0%	0.26%	-22.0%
UIL	New	UIL HLDG CORP	$1,346,000	–	26,766	–	0.25%	–
CTXS	New	CITRIX SYS INC	$1,327,000	–	19,158	–	0.25%	–
WBMD	Sell	WEBMD HEALTH CORP	$1,314,000	-14.1%	32,992	-4.4%	0.25%	-24.1%
BK	Sell	BANK NEW YORK MELLON CORP	$1,297,000	-71.8%	33,119	-69.8%	0.24%	-75.1%
NWS	Sell	NEWS CORP NEWcl b	$1,244,000	-22.5%	97,066	-13.9%	0.23%	-31.5%
VOYA	Buy	VOYA FINL INC	$1,243,000	-5.9%	32,059	+12.8%	0.23%	-17.1%
LYB	Buy	LYONDELLBASELL INDUSTRIES N	$1,231,000	+4.0%	14,769	+29.1%	0.23%	-8.4%
ATVI	Sell	ACTIVISION BLIZZARD INC	$1,227,000	+21.4%	39,733	-4.9%	0.23%	+7.0%
ILMN	Sell	ILLUMINA INC	$1,198,000	-56.1%	6,816	-45.5%	0.22%	-61.2%
DISCA	New	DISCOVERY COMMUNICATNS NEW	$1,196,000	–	45,951	–	0.22%	–
CNX	Buy	CONSOL ENERGY INC	$1,161,000	-46.5%	118,487	+18.7%	0.22%	-52.8%
AER	Buy	AERCAP HOLDINGS NV	$1,149,000	-6.4%	30,041	+12.1%	0.22%	-17.3%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$1,123,000	-15.2%	6,293	+5.6%	0.21%	-25.3%
MHK	Sell	MOHAWK INDS INC	$1,077,000	-12.5%	5,925	-8.1%	0.20%	-23.0%
PXD	Buy	PIONEER NAT RES CO	$1,071,000	-9.3%	8,803	+3.4%	0.20%	-20.0%
CP	Sell	CANADIAN PAC RY LTD	$1,053,000	-27.6%	7,337	-19.2%	0.20%	-36.0%
APD	Sell	AIR PRODS & CHEMS INC	$1,038,000	-34.2%	8,138	-29.4%	0.19%	-41.9%
ACM	Buy	AECOM	$997,000	-4.7%	36,239	+14.6%	0.19%	-16.2%
SUNEQ	Buy	SUNEDISON INC	$952,000	-73.8%	132,639	+9.3%	0.18%	-76.9%
ON	Buy	ON SEMICONDUCTOR CORP	$875,000	-11.3%	93,066	+10.3%	0.16%	-21.5%
TTWO	Sell	TAKE-TWO INTERACTIVE SOFTWAR	$845,000	+3.2%	29,417	-1.0%	0.16%	-9.2%
SEE	Sell	SEALED AIR CORP NEW	$831,000	-23.8%	17,728	-16.4%	0.16%	-32.9%
HOT	Buy	STARWOOD HOTELS&RESORTS WRLD	$824,000	+122.1%	12,393	+171.2%	0.15%	+94.9%
KORS	New	MICHAEL KORS HLDGS LTD	$820,000	–	19,424	–	0.15%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$812,000	–	6,495	–	0.15%	–
HUM	Buy	HUMANA INC	$776,000	+100.5%	4,333	+114.0%	0.14%	+76.8%
MET	Buy	METLIFE INC	$771,000	+40.7%	16,357	+67.0%	0.14%	+24.1%
LBTYK	Buy	LIBERTY GLOBAL PLC	$733,000	-3.2%	17,876	+19.5%	0.14%	-14.4%
JNPR	Sell	JUNIPER NETWORKS INC	$712,000	-5.2%	27,680	-4.3%	0.13%	-16.4%
AMAT	New	APPLIED MATLS INC	$630,000	–	42,903	–	0.12%	–
EVHC	Buy	ENVISION HEALTHCARE HLDGS IN	$622,000	+57.9%	16,894	+69.1%	0.12%	+39.8%
GDX	Buy	MARKET VECTORS ETF TRgold miner etf	$610,000	-16.0%	44,370	+8.5%	0.11%	-26.0%
KSU	Sell	KANSAS CITY SOUTHERN	$603,000	-34.2%	6,636	-34.0%	0.11%	-41.8%
LPG	Sell	DORIAN LPG LTD	$582,000	-40.6%	56,456	-3.9%	0.11%	-47.6%
IAC	Sell	IAC INTERACTIVECORP	$571,000	-41.8%	8,754	-28.9%	0.11%	-48.6%
LRCX	Buy	LAM RESEARCH CORP	$568,000	-11.8%	8,691	+9.8%	0.11%	-22.1%
SPR	Buy	SPIRIT AEROSYSTEMS HLDGS INC	$561,000	-3.6%	11,608	+9.9%	0.10%	-14.6%
CI	New	CIGNA CORPORATION	$534,000	–	3,952	–	0.10%	–
DVAX	Sell	DYNAVAX TECHNOLOGIES CORP	$524,000	-48.4%	21,355	-50.7%	0.10%	-54.4%
SATS	Sell	ECHOSTAR CORPcl a	$525,000	-15.6%	12,201	-4.5%	0.10%	-25.8%
CTRP	Buy	CTRIP COM INTL LTD	$501,000	+11.3%	7,931	+28.1%	0.09%	-1.1%
DVA	Sell	DAVITA HEALTHCARE PARTNERS I	$495,000	-33.1%	6,844	-26.5%	0.09%	-40.8%
LUK	Sell	LEUCADIA NATL CORP	$499,000	-20.2%	24,638	-4.3%	0.09%	-29.5%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$488,000	-42.5%	8,279	-19.8%	0.09%	-49.4%
OI	New	OWENS ILL INC	$487,000	–	23,515	–	0.09%	–
MNKKQ	Buy	MALLINCKRODT PUB LTD CO	$474,000	-22.0%	7,410	+43.5%	0.09%	-31.0%
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$473,000	–	28,243	–	0.09%	–
OTEX	Sell	OPEN TEXT CORP	$454,000	-65.4%	10,136	-68.7%	0.08%	-69.4%
AET	New	AETNA INC NEW	$457,000	–	4,181	–	0.08%	–
ANTM	New	ANTHEM INC	$362,000	–	2,586	–	0.07%	–
TPH	Buy	TRI POINTE GROUP INC	$339,000	-3.7%	25,873	+12.4%	0.06%	-16.0%
SALT	Buy	SCORPIO BULKERS INC	$324,000	+74.2%	222,161	+95.2%	0.06%	+56.4%
YHOO	Buy	YAHOO INC	$318,000	-17.8%	10,997	+11.7%	0.06%	-28.0%
LMCK	Sell	LIBERTY MEDIA CORP DELAWARE	$300,000	-9.4%	8,708	-5.5%	0.06%	-20.0%
M	Sell	MACYS INC	$285,000	-48.0%	5,563	-31.5%	0.05%	-54.3%
LBTYA	Buy	LIBERTY GLOBAL PLC	$285,000	-6.2%	6,628	+17.9%	0.05%	-17.2%
FISV	New	FISERV INC	$260,000	–	3,000	–	0.05%	–
CAR	Buy	AVIS BUDGET GROUP	$255,000	+37.8%	5,827	+38.8%	0.05%	+23.1%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$258,000	-19.9%	2,473	-5.0%	0.05%	-29.4%
BIDU	Sell	BAIDU INCspon adr rep a	$240,000	-66.2%	1,749	-51.0%	0.04%	-70.0%
SC	Buy	SANTANDER CONSUMER USA HDG I	$240,000	-9.8%	11,736	+13.0%	0.04%	-19.6%
AMP	New	AMERIPRISE FINL INC	$242,000	–	2,220	–	0.04%	–
NSAM	Buy	NORTHSTAR ASSET MGMT GROUP I	$237,000	-16.3%	16,473	+7.6%	0.04%	-26.7%
MDAS	Sell	MEDASSETS INC	$211,000	-13.2%	10,509	-4.5%	0.04%	-23.5%
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$207,000	–	1,655	–	0.04%	–
SEMI	Buy	SUNEDISON SEMICONDUCTOR LTD	$211,000	-3.7%	20,055	+58.1%	0.04%	-15.2%
BIIB	New	BIOGEN INC	$203,000	–	696	–	0.04%	–
WLL	New	WHITING PETE CORP NEW	$180,000	–	11,810	–	0.03%	–
IM	Buy	INGRAM MICRO INCcl a	$179,000	+34.6%	6,561	+23.3%	0.03%	+17.9%
DDS	New	DILLARDS INCcl a	$177,000	–	2,024	–	0.03%	–
NXPI	Sell	NXP SEMICONDUCTORS N V	$171,000	-73.2%	1,964	-69.8%	0.03%	-76.3%
WMB	New	WILLIAMS COS INC DEL	$168,000	–	4,560	–	0.03%	–
MCK	New	MCKESSON CORP	$158,000	–	856	–	0.03%	–
LMCA	Sell	LIBERTY MEDIA CORP DELAWAREcl a	$156,000	-6.0%	4,355	-5.2%	0.03%	-17.1%
BLL	New	BALL CORP	$157,000	–	2,530	–	0.03%	–
LM	Sell	LEGG MASON INC	$147,000	-24.6%	3,534	-6.5%	0.03%	-34.1%
ABY	Buy	ABENGOA YIELD PLC	$140,000	-40.9%	8,486	+12.0%	0.03%	-48.0%
TDG	New	TRANSDIGM GROUP INC	$133,000	–	624	–	0.02%	–
SNC	Sell	STATE NATL COS INC	$133,000	-17.4%	14,260	-4.1%	0.02%	-26.5%
SGMS	Buy	SCIENTIFIC GAMES CORPcl a	$115,000	-22.8%	11,029	+14.9%	0.02%	-31.2%
COF	Sell	CAPITAL ONE FINL CORP	$116,000	-49.1%	1,605	-38.2%	0.02%	-54.2%
MTW	New	MANITOWOC INC	$119,000	–	7,917	–	0.02%	–
VOD	Buy	VODAFONE GROUP PLC NEWspnsr adr no par	$110,000	-2.7%	3,472	+11.8%	0.02%	-12.5%
ALL	New	ALLSTATE CORP	$114,000	–	1,954	–	0.02%	–
QUNR	Buy	QUNAR CAYMAN IS LTDspns adr cl b	$102,000	+59.4%	3,403	+127.3%	0.02%	+35.7%
AXTA	New	AXALTA COATING SYS LTD	$87,000	–	3,445	–	0.02%	–
KS	Sell	KAPSTONE PAPER & PACKAGING C	$84,000	-46.8%	5,112	-25.1%	0.02%	-51.5%
NGHC	Sell	NATIONAL GEN HLDGS CORP	$75,000	-78.1%	3,897	-76.3%	0.01%	-80.8%
DD	New	DU PONT E I DE NEMOURS & CO	$69,000	–	1,426	–	0.01%	–
STAY	Sell	EXTENDED STAY AMER INCunit 99/99/9999b	$60,000	-15.5%	3,571	-5.4%	0.01%	-26.7%
COO	New	COOPER COS INC	$55,000	–	371	–	0.01%	–
ABB	New	ABB LTDsponsored adr	$47,000	–	2,670	–	0.01%	–
KITE	New	KITE PHARMA INC	$49,000	–	875	–	0.01%	–
ESPR	Buy	ESPERION THERAPEUTICS INC NE	$42,000	+162.5%	1,770	+785.0%	0.01%	+166.7%
ALXN	New	ALEXION PHARMACEUTICALS INC	$43,000	–	273	–	0.01%	–
OIS	Buy	OIL STS INTL INC	$38,000	-20.8%	1,436	+12.2%	0.01%	-30.0%
DE	New	DEERE & CO	$26,000	–	358	–	0.01%	–
STNG	Sell	SCORPIO TANKERS INC	$19,000	-13.6%	2,082	-2.9%	0.00%	-20.0%
HYH	Sell	HALYARD HEALTH INC	$20,000	-85.7%	690	-80.1%	0.00%	-86.7%
FSAM	Buy	FIFTH STR ASSET MGMT INC	$24,000	-22.6%	3,244	+6.7%	0.00%	-42.9%
ASC	Sell	ARDMORE SHIPPING CORP	$18,000	-77.8%	1,531	-77.2%	0.00%	-82.4%
PRQR	Buy	PROQR THRAPEUTICS N V	$12,000	+20.0%	807	+35.4%	0.00%	0.0%
CKH	Sell	SEACOR HOLDINGS INC	$0	-100.0%	7	-93.3%	0.00%	-100.0%
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-339	–	-0.00%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO LTDads	$0	–	-615	–	-0.01%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-1,276	–	-0.01%	–
W	Exit	WAYFAIR INCcl a	$0	–	-1,672	–	-0.01%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-4,810	–	-0.02%	–
TIME	Exit	TIME INC NEW	$0	–	-3,561	–	-0.02%	–
FCB	Exit	FCB FINL HLDGS INCcl a	$0	–	-2,653	–	-0.02%	–
HRG	Exit	HRG GROUP INC	$0	–	-10,284	–	-0.03%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-2,070	–	-0.03%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-1,755	–	-0.03%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-1,493	–	-0.03%	–
CVEO	Exit	CIVEO CORP	$0	–	-52,100	–	-0.03%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,064	–	-0.04%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-4,149	–	-0.04%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-2,019	–	-0.04%	–
ETN	Exit	EATON CORP PLC	$0	–	-2,787	–	-0.04%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-32,213	–	-0.05%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-4,491	–	-0.05%	–
RCPT	Exit	RECEPTOS INC	$0	–	-1,401	–	-0.06%	–
A104PS	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-10,036	–	-0.06%	–
ABEV	Exit	AMBEV SAsponsored adr	$0	–	-49,784	–	-0.06%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,352	–	-0.07%	–
LXRX	Exit	LEXICON PHARMACEUTICALS INC	$0	–	-51,520	–	-0.09%	–
TMUS	Exit	T MOBILE US INC	$0	–	-11,645	–	-0.10%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-9,265	–	-0.11%	–
EMC	Exit	E M C CORP MASS	$0	–	-20,355	–	-0.11%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-43,488	–	-0.12%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-21,204	–	-0.14%	–
CONN	Exit	CONNS INC	$0	–	-17,004	–	-0.14%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-35,278	–	-0.31%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-16,185	–	-0.39%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-157,334	–	-0.40%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-60,000	–	-0.70%	–
QCOM	Exit	QUALCOMM INC	$0	–	-55,000	–	-0.73%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-70,000	–	-0.78%	–
INFA	Exit	INFORMATICA CORP	$0	–	-97,219	–	-1.00%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-40,000	–	-1.02%	–

Q2 2015

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$164,289,000	–	798,100	–	34.81%	–
LB	New	L BRANDS INC	$11,471,000	–	133,806	–	2.43%	–
MSFT	New	MICROSOFT CORP	$10,793,000	–	244,455	–	2.29%	–
ADBE	New	ADOBE SYS INC	$8,911,000	–	110,000	–	1.89%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$8,743,000	–	385,000	–	1.85%	–
FDX	New	FEDEX CORP	$8,520,000	–	50,000	–	1.80%	–
MA	New	MASTERCARD INCcl a	$8,161,000	–	87,303	–	1.73%	–
C	New	CITIGROUP INC	$7,636,000	–	138,228	–	1.62%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,162,000	–	55,191	–	1.52%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$7,050,000	–	110,000	–	1.49%	–
MS	New	MORGAN STANLEY	$6,982,000	–	180,000	–	1.48%	–
SONY	New	SONY CORPadr new	$6,388,000	–	225,000	–	1.35%	–
HAL	New	HALLIBURTON CO	$6,030,000	–	140,000	–	1.28%	–
KMX	New	CARMAX INC	$5,846,000	–	88,295	–	1.24%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$5,725,000	–	49,342	–	1.21%	–
DIS	New	DISNEY WALT CO	$5,707,000	–	50,000	–	1.21%	–
LNG	New	CHENIERE ENERGY INC	$5,638,000	–	81,408	–	1.19%	–
SBUX	New	STARBUCKS CORP	$5,630,000	–	105,000	–	1.19%	–
MGM	New	MGM RESORTS INTERNATIONAL	$5,596,000	–	306,608	–	1.19%	–
GD	New	GENERAL DYNAMICS CORP	$5,549,000	–	39,164	–	1.18%	–
PVH	New	PVH CORP	$5,248,000	–	45,558	–	1.11%	–
AIG	New	AMERICAN INTL GROUP INC	$5,079,000	–	82,156	–	1.08%	–
EBAY	New	EBAY INC	$4,854,000	–	80,578	–	1.03%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$4,827,000	–	40,000	–	1.02%	–
INFA	New	INFORMATICA CORP	$4,712,000	–	97,219	–	1.00%	–
BK	New	BANK NEW YORK MELLON CORP	$4,606,000	–	109,750	–	0.98%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$4,576,000	–	70,000	–	0.97%	–
AAPL	New	APPLE INC	$4,493,000	–	35,819	–	0.95%	–
WEB	New	WEB COM GROUP INC	$4,211,000	–	173,878	–	0.89%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$4,094,000	–	48,483	–	0.87%	–
DG	New	DOLLAR GEN CORP NEW	$4,009,000	–	51,570	–	0.85%	–
MU	New	MICRON TECHNOLOGY INC	$3,924,000	–	208,294	–	0.83%	–
LVS	New	LAS VEGAS SANDS CORP	$3,680,000	–	70,000	–	0.78%	–
SUNEQ	New	SUNEDISON INC	$3,630,000	–	121,349	–	0.77%	–
QCOM	New	QUALCOMM INC	$3,445,000	–	55,000	–	0.73%	–
NWSA	New	NEWS CORP NEWcl a	$3,344,000	–	229,221	–	0.71%	–
CBS	New	CBS CORP NEWcl b	$3,330,000	–	60,000	–	0.70%	–
GOOG	New	GOOGLE INCcl c	$3,250,000	–	6,244	–	0.69%	–
SIG	New	SIGNET JEWELERS LIMITED	$3,120,000	–	24,332	–	0.66%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$2,919,000	–	70,226	–	0.62%	–
AON	New	AON PLC	$2,856,000	–	28,651	–	0.60%	–
SEAS	New	SEAWORLD ENTMT INC	$2,785,000	–	151,021	–	0.59%	–
ILMN	New	ILLUMINA INC	$2,730,000	–	12,501	–	0.58%	–
AGN	New	ALLERGAN PLC	$2,721,000	–	8,966	–	0.58%	–
SNDK	New	SANDISK CORP	$2,700,000	–	46,378	–	0.57%	–
CNX	New	CONSOL ENERGY INC	$2,170,000	–	99,832	–	0.46%	–
V	New	VISA INC	$1,977,000	–	29,448	–	0.42%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$1,869,000	–	157,334	–	0.40%	–
CLB	New	CORE LABORATORIES N V	$1,846,000	–	16,185	–	0.39%	–
ARMK	New	ARAMARK	$1,800,000	–	58,118	–	0.38%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$1,729,000	–	17,028	–	0.37%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$1,726,000	–	10,081	–	0.37%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$1,723,000	–	19,370	–	0.36%	–
CFG	New	CITIZENS FINL GROUP INC	$1,651,000	–	60,467	–	0.35%	–
CBI	New	CHICAGO BRIDGE & IRON CO N V	$1,627,000	–	32,511	–	0.34%	–
NWS	New	NEWS CORP NEWcl b	$1,605,000	–	112,698	–	0.34%	–
TWX	New	TIME WARNER INC	$1,587,000	–	18,158	–	0.34%	–
APD	New	AIR PRODS & CHEMS INC	$1,578,000	–	11,529	–	0.33%	–
WBMD	New	WEBMD HEALTH CORP	$1,529,000	–	34,525	–	0.32%	–
AMZN	New	AMAZON COM INC	$1,519,000	–	3,500	–	0.32%	–
GM	New	GENERAL MTRS CO	$1,510,000	–	45,312	–	0.32%	–
CP	New	CANADIAN PAC RY LTD	$1,455,000	–	9,078	–	0.31%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,451,000	–	35,278	–	0.31%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,344,000	–	41,301	–	0.28%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$1,324,000	–	5,962	–	0.28%	–
VOYA	New	VOYA FINL INC	$1,321,000	–	28,417	–	0.28%	–
OTEX	New	OPEN TEXT CORP	$1,314,000	–	32,409	–	0.28%	–
GOOGL	New	GOOGLE INCcl a	$1,304,000	–	2,414	–	0.28%	–
MHK	New	MOHAWK INDS INC	$1,231,000	–	6,449	–	0.26%	–
AER	New	AERCAP HOLDINGS NV	$1,227,000	–	26,806	–	0.26%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$1,184,000	–	11,438	–	0.25%	–
PXD	New	PIONEER NAT RES CO	$1,181,000	–	8,513	–	0.25%	–
SEE	New	SEALED AIR CORP NEW	$1,090,000	–	21,208	–	0.23%	–
ACM	New	AECOM	$1,046,000	–	31,621	–	0.22%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$1,016,000	–	43,355	–	0.22%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,011,000	–	41,780	–	0.21%	–
ON	New	ON SEMICONDUCTOR CORP	$986,000	–	84,374	–	0.21%	–
LPG	New	DORIAN LPG LTD	$980,000	–	58,734	–	0.21%	–
IAC	New	IAC INTERACTIVECORP	$981,000	–	12,319	–	0.21%	–
KSU	New	KANSAS CITY SOUTHERN	$917,000	–	10,051	–	0.19%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$849,000	–	10,317	–	0.18%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$819,000	–	29,710	–	0.17%	–
LBTYK	New	LIBERTY GLOBAL PLC	$757,000	–	14,955	–	0.16%	–
JNPR	New	JUNIPER NETWORKS INC	$751,000	–	28,925	–	0.16%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$740,000	–	9,307	–	0.16%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$726,000	–	40,884	–	0.15%	–
BIDU	New	BAIDU INCspon adr rep a	$710,000	–	3,567	–	0.15%	–
CONN	New	CONNS INC	$675,000	–	17,004	–	0.14%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$661,000	–	21,204	–	0.14%	–
LRCX	New	LAM RESEARCH CORP	$644,000	–	7,912	–	0.14%	–
NXPI	New	NXP SEMICONDUCTORS N V	$638,000	–	6,498	–	0.14%	–
SATS	New	ECHOSTAR CORPcl a	$622,000	–	12,777	–	0.13%	–
LUK	New	LEUCADIA NATL CORP	$625,000	–	25,758	–	0.13%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$608,000	–	5,162	–	0.13%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$584,000	–	7,268	–	0.12%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$582,000	–	10,562	–	0.12%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$573,000	–	43,488	–	0.12%	–
MET	New	METLIFE INC	$548,000	–	9,796	–	0.12%	–
M	New	MACYS INC	$548,000	–	8,122	–	0.12%	–
EMC	New	E M C CORP MASS	$537,000	–	20,355	–	0.11%	–
CNI	New	CANADIAN NATL RY CO	$535,000	–	9,265	–	0.11%	–
TMUS	New	T MOBILE US INC	$451,000	–	11,645	–	0.10%	–
CTRP	New	CTRIP COM INTL LTD	$450,000	–	6,193	–	0.10%	–
LXRX	New	LEXICON PHARMACEUTICALS INC	$415,000	–	51,520	–	0.09%	–
EVHC	New	ENVISION HEALTHCARE HLDGS IN	$394,000	–	9,989	–	0.08%	–
YHOO	New	YAHOO INC	$387,000	–	9,849	–	0.08%	–
HUM	New	HUMANA INC	$387,000	–	2,025	–	0.08%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$371,000	–	4,569	–	0.08%	–
TPH	New	TRI POINTE HOMES INC	$352,000	–	23,017	–	0.08%	–
NGHC	New	NATIONAL GEN HLDGS CORP	$343,000	–	16,473	–	0.07%	–
AXP	New	AMERICAN EXPRESS CO	$338,000	–	4,352	–	0.07%	–
LMCK	New	LIBERTY MEDIA CORP DELAWARE	$331,000	–	9,210	–	0.07%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$322,000	–	2,604	–	0.07%	–
ABEV	New	AMBEV SAsponsored adr	$304,000	–	49,784	–	0.06%	–
LBTYA	New	LIBERTY GLOBAL PLC	$304,000	–	5,622	–	0.06%	–
NSAM	New	NORTHSTAR ASSET MGMT GROUP I	$283,000	–	15,312	–	0.06%	–
A104PS	New	HILTON WORLDWIDE HLDGS INC	$276,000	–	10,036	–	0.06%	–
RCPT	New	RECEPTOS INC	$266,000	–	1,401	–	0.06%	–
SC	New	SANTANDER CONSUMER USA HDG I	$266,000	–	10,388	–	0.06%	–
MDAS	New	MEDASSETS INC	$243,000	–	11,002	–	0.05%	–
ABY	New	ABENGOA YIELD PLC	$237,000	–	7,578	–	0.05%	–
BRCM	New	BROADCOM CORPcl a	$231,000	–	4,491	–	0.05%	–
COF	New	CAPITAL ONE FINL CORP	$228,000	–	2,595	–	0.05%	–
NOK	New	NOKIA CORPsponsored adr	$221,000	–	32,213	–	0.05%	–
SEMI	New	SUNEDISON SEMICONDUCTOR LTD	$219,000	–	12,681	–	0.05%	–
LM	New	LEGG MASON INC	$195,000	–	3,779	–	0.04%	–
ETN	New	EATON CORP PLC	$188,000	–	2,787	–	0.04%	–
SALT	New	SCORPIO BULKERS INC	$186,000	–	113,840	–	0.04%	–
CAR	New	AVIS BUDGET GROUP	$185,000	–	4,197	–	0.04%	–
KRFT	New	KRAFT FOODS GROUP INC	$172,000	–	2,019	–	0.04%	–
LLY	New	LILLY ELI & CO	$172,000	–	2,064	–	0.04%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$172,000	–	4,149	–	0.04%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$166,000	–	4,593	–	0.04%	–
SNC	New	STATE NATL COS INC	$161,000	–	14,864	–	0.03%	–
CVEO	New	CIVEO CORP	$160,000	–	52,100	–	0.03%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$158,000	–	6,823	–	0.03%	–
SGMS	New	SCIENTIFIC GAMES CORPcl a	$149,000	–	9,602	–	0.03%	–
HYH	New	HALYARD HEALTH INC	$140,000	–	3,463	–	0.03%	–
DLTR	New	DOLLAR TREE INC	$139,000	–	1,755	–	0.03%	–
TPX	New	TEMPUR SEALY INTL INC	$136,000	–	2,070	–	0.03%	–
HCA	New	HCA HOLDINGS INC	$135,000	–	1,493	–	0.03%	–
IM	New	INGRAM MICRO INCcl a	$133,000	–	5,321	–	0.03%	–
HRG	New	HRG GROUP INC	$134,000	–	10,284	–	0.03%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$113,000	–	3,105	–	0.02%	–
ALXA	New	ALEXZA PHARMACEUTICALS INC	$108,000	–	98,914	–	0.02%	–
FCB	New	FCB FINL HLDGS INCcl a	$84,000	–	2,653	–	0.02%	–
TIME	New	TIME INC NEW	$82,000	–	3,561	–	0.02%	–
ASC	New	ARDMORE SHIPPING CORP	$81,000	–	6,712	–	0.02%	–
RIG	New	TRANSOCEAN LTD	$78,000	–	4,810	–	0.02%	–
STAY	New	EXTENDED STAY AMER INCunit 99/99/9999b	$71,000	–	3,774	–	0.02%	–
QUNR	New	QUNAR CAYMAN IS LTDspns adr cl b	$64,000	–	1,497	–	0.01%	–
W	New	WAYFAIR INCcl a	$63,000	–	1,672	–	0.01%	–
XPO	New	XPO LOGISTICS INC	$58,000	–	1,276	–	0.01%	–
OIS	New	OIL STS INTL INC	$48,000	–	1,280	–	0.01%	–
QIHU	New	QIHOO 360 TECHNOLOGY CO LTDads	$42,000	–	615	–	0.01%	–
FSAM	New	FIFTH STR ASSET MGMT INC	$31,000	–	3,039	–	0.01%	–
STNG	New	SCORPIO TANKERS INC	$22,000	–	2,145	–	0.01%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$20,000	–	339	–	0.00%	–
ESPR	New	ESPERION THERAPEUTICS INC NE	$16,000	–	200	–	0.00%	–
PRQR	New	PROQR THRAPEUTICS N V	$10,000	–	596	–	0.00%	–
CKH	New	SEACOR HOLDINGS INC	$7,000	–	105	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
CLF	Exit	CLIFFS NAT RES INC	$0	–	-7	–	0.00%	–
CXO	Exit	CONCHO RES INC	$0	–	-13	–	0.00%	–
CKH	Exit	SEACOR HOLDINGS INC	$0	–	-53	–	-0.00%	–
BIOFR	Exit	BIOFUEL ENERGY CORPright 10/17/2014	$0	–	-3,524	–	-0.00%	–
ALLE	Exit	ALLEGION PUB LTD CO	$0	–	-178	–	-0.00%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-1,075	–	-0.00%	–
SBAC	Exit	SBA COMMUNICATIONS CORP	$0	–	-114	–	-0.00%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-388	–	-0.00%	–
XON	Exit	INTREXON CORP	$0	–	-926	–	-0.00%	–
BIOF	Exit	BIOFUEL ENERGY CORP	$0	–	-3,524	–	-0.01%	–
CQH	Exit	CHENIERE ENERGY PTNRS LP HLD	$0	–	-928	–	-0.01%	–
BB	Exit	BLACKBERRY LTD	$0	–	-2,951	–	-0.01%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-1,170	–	-0.01%	–
STT	Exit	STATE STR CORP	$0	–	-453	–	-0.01%	–
ICPT	Exit	INTERCEPT PHARMACEUTICALS IN	$0	–	-158	–	-0.01%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-1,010	–	-0.01%	–
FSC	Exit	FIFTH STREET FINANCE CORP	$0	–	-5,017	–	-0.01%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-867	–	-0.01%	–
ZBH	Exit	ZIMMER HLDGS INC	$0	–	-458	–	-0.01%	–
ASC	Exit	ARDMORE SHIPPING CORP	$0	–	-4,204	–	-0.01%	–
TGI	Exit	TRIUMPH GROUP INC NEW	$0	–	-726	–	-0.01%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-538	–	-0.01%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-894	–	-0.01%	–
RAD	Exit	RITE AID CORP	$0	–	-10,214	–	-0.01%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-379	–	-0.01%	–
ZNGA	Exit	ZYNGA INCcl a	$0	–	-19,675	–	-0.01%	–
ABY	Exit	ABENGOA YIELD PLC	$0	–	-1,502	–	-0.01%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-697	–	-0.01%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-250	–	-0.01%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-1,850	–	-0.01%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-742	–	-0.01%	–
DSW	Exit	DSW INCcl a	$0	–	-2,302	–	-0.02%	–
CHS	Exit	CHICOS FAS INC	$0	–	-4,630	–	-0.02%	–
V107SC	Exit	WELLPOINT INC	$0	–	-724	–	-0.02%	–
LUK	Exit	LEUCADIA NATL CORP	$0	–	-3,709	–	-0.02%	–
ADSK	Exit	AUTODESK INC	$0	–	-1,699	–	-0.02%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-969	–	-0.02%	–
NSAM	Exit	NORTHSTAR ASSET MGMT GROUP I	$0	–	-5,286	–	-0.02%	–
NRF	Exit	NORTHSTAR RLTY FIN CORP	$0	–	-5,476	–	-0.02%	–
ACI	Exit	ARCH COAL INC	$0	–	-48,912	–	-0.02%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-3,672	–	-0.02%	–
AGN	Exit	ALLERGAN INC	$0	–	-610	–	-0.02%	–
KMIWS	Exit	KINDER MORGAN INC DEL*w exp 05/25/201	$0	–	-34,427	–	-0.03%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-3,078	–	-0.03%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-796	–	-0.03%	–
DWA	Exit	DREAMWORKS ANIMATION SKG INCcl a	$0	–	-4,992	–	-0.03%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-2,971	–	-0.03%	–
HRB	Exit	BLOCK H & R INC	$0	–	-4,523	–	-0.03%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-1,724	–	-0.03%	–
A104PS	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-5,830	–	-0.03%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-2,018	–	-0.03%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-3,202	–	-0.03%	–
MDR	Exit	MCDERMOTT INTL INC	$0	–	-26,588	–	-0.03%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-4,071	–	-0.03%	–
BP	Exit	BP PLCsponsored adr	$0	–	-3,698	–	-0.04%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-7,211	–	-0.04%	–
CVEO	Exit	CIVEO CORP	$0	–	-15,267	–	-0.04%	–
SIRI	Exit	SIRIUS XM HLDGS INC	$0	–	-51,919	–	-0.04%	–
NGHC	Exit	NATIONAL GEN HLDGS CORP	$0	–	-10,784	–	-0.04%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-2,648	–	-0.04%	–
TIME	Exit	TIME INC NEW	$0	–	-8,269	–	-0.04%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-5,000	–	-0.05%	–
B108PS	Exit	ACTAVIS PLC	$0	–	-917	–	-0.05%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-5,492	–	-0.05%	–
ALXA	Exit	ALEXZA PHARMACEUTICALS INC	$0	–	-98,914	–	-0.05%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-3,711	–	-0.06%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,102	–	-0.06%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-1,522	–	-0.06%	–
CONN	Exit	CONNS INC	$0	–	-8,639	–	-0.06%	–
TPX	Exit	TEMPUR SEALY INTL INC	$0	–	-4,647	–	-0.06%	–
DOX	Exit	AMDOCS LTD	$0	–	-5,682	–	-0.06%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-4,673	–	-0.06%	–
6107SC	Exit	URS CORP NEW	$0	–	-4,724	–	-0.06%	–
AGNC	Exit	AMERICAN CAPITAL AGENCY CORP	$0	–	-12,929	–	-0.06%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-2,298	–	-0.06%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-2,752	–	-0.06%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-4,664	–	-0.07%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-7,978	–	-0.07%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-7,674	–	-0.07%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-5,000	–	-0.07%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-4,330	–	-0.07%	–
NWS	Exit	NEWS CORP NEWcl b	$0	–	-20,600	–	-0.07%	–
BAGL	Exit	EINSTEIN NOAH REST GROUP INC	$0	–	-16,620	–	-0.08%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-7,280	–	-0.08%	–
SLXP	Exit	SALIX PHARMACEUTICALS INC	$0	–	-2,193	–	-0.08%	–
SATS	Exit	ECHOSTAR CORPcl a	$0	–	-7,102	–	-0.08%	–
CSC	Exit	COMPUTER SCIENCES CORP	$0	–	-5,739	–	-0.08%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-33,297	–	-0.08%	–
VOYA	Exit	VOYA FINL INC	$0	–	-9,975	–	-0.09%	–
PFE	Exit	PFIZER INC	$0	–	-13,544	–	-0.09%	–
CPN	Exit	CALPINE CORP	$0	–	-19,081	–	-0.09%	–
OIS	Exit	OIL STS INTL INC	$0	–	-6,788	–	-0.09%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-6,177	–	-0.09%	–
EMC	Exit	E M C CORP MASS	$0	–	-14,563	–	-0.10%	–
TWX	Exit	TIME WARNER INC	$0	–	-5,974	–	-0.10%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,000	–	-0.10%	–
MAS	Exit	MASCO CORP	$0	–	-19,025	–	-0.10%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-21,360	–	-0.10%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-3,448	–	-0.10%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-2,280	–	-0.10%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-6,516	–	-0.11%	–
MON	Exit	MONSANTO CO NEW	$0	–	-4,402	–	-0.11%	–
ORCL	Exit	ORACLE CORP	$0	–	-13,077	–	-0.11%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-21,629	–	-0.11%	–
LPG	Exit	DORIAN LPG LTD	$0	–	-29,723	–	-0.12%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-433,557	–	-0.14%	–
J105SC	Exit	CONVERSANT INC	$0	–	-18,087	–	-0.14%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-7,745	–	-0.14%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-16,892	–	-0.14%	–
AET	Exit	AETNA INC NEW	$0	–	-7,971	–	-0.14%	–
KMX	Exit	CARMAX INC	$0	–	-14,296	–	-0.15%	–
CI	Exit	CIGNA CORPORATION	$0	–	-7,642	–	-0.15%	–
GNCIQ	Exit	GNC HLDGS INC	$0	–	-18,267	–	-0.16%	–
WPX	Exit	WPX ENERGY INC	$0	–	-30,135	–	-0.16%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-17,801	–	-0.17%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-3,553	–	-0.17%	–
9207PS	Exit	ROCK-TENN COcl a	$0	–	-16,552	–	-0.18%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-2,249	–	-0.18%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-8,175	–	-0.20%	–
WEB	Exit	WEB COM GROUP INC	$0	–	-45,480	–	-0.20%	–
LOW	Exit	LOWES COS INC	$0	–	-17,469	–	-0.21%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-9,333	–	-0.21%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-88,616	–	-0.21%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-13,786	–	-0.22%	–
PVH	Exit	PVH CORP	$0	–	-8,106	–	-0.22%	–
ILMN	Exit	ILLUMINA INC	$0	–	-6,066	–	-0.22%	–
SUNEQ	Exit	SUNEDISON INC	$0	–	-55,307	–	-0.23%	–
NRG	Exit	NRG ENERGY INC	$0	–	-38,754	–	-0.26%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-22,029	–	-0.27%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-8,125	–	-0.27%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-36,377	–	-0.28%	–
EXC	Exit	EXELON CORP	$0	–	-37,334	–	-0.28%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-80,024	–	-0.29%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-97,693	–	-0.29%	–
V	Exit	VISA INC	$0	–	-6,607	–	-0.31%	–
WAG	Exit	WALGREEN CO	$0	–	-23,867	–	-0.32%	–
FDO	Exit	FAMILY DLR STORES INC	$0	–	-18,441	–	-0.32%	–
TIBX	Exit	TIBCO SOFTWARE INC	$0	–	-69,544	–	-0.37%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-50,141	–	-0.43%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-39,119	–	-0.47%	–
AON	Exit	AON PLC	$0	–	-25,277	–	-0.49%	–
SNDK	Exit	SANDISK CORP	$0	–	-24,089	–	-0.52%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-28,027	–	-0.54%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-30,887	–	-0.55%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-12,752	–	-0.56%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-22,159	–	-0.56%	–
FWLT	Exit	FOSTER WHEELER AG	$0	–	-80,158	–	-0.56%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-255,000	–	-0.67%	–
SYT	Exit	SYNGENTA AGsponsored adr	$0	–	-60,000	–	-0.85%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-112,465	–	-0.86%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-55,000	–	-0.92%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-60,520	–	-0.93%	–
MMM	Exit	3M CO	$0	–	-30,000	–	-0.95%	–
A309PS	Exit	DIRECTV	$0	–	-50,000	–	-0.96%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-70,000	–	-0.97%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-40,000	–	-0.99%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-35,732	–	-1.01%	–
HBI	Exit	HANESBRANDS INC	$0	–	-45,000	–	-1.08%	–
GWW	Exit	GRAINGER W W INC	$0	–	-22,500	–	-1.26%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-65,000	–	-1.27%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-250,000	–	-1.27%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-100,000	–	-1.31%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-182,066	–	-1.39%	–
DIS	Exit	DISNEY WALT CO	$0	–	-75,000	–	-1.49%	–
HD	Exit	HOME DEPOT INC	$0	–	-75,000	–	-1.53%	–
C	Exit	CITIGROUP INC	$0	–	-135,000	–	-1.56%	–
AAPL	Exit	APPLE INC	$0	–	-70,190	–	-1.57%	–
MS	Exit	MORGAN STANLEY	$0	–	-205,000	–	-1.58%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-70,000	–	-1.58%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-97,464	–	-1.60%	–
FDX	Exit	FEDEX CORP	$0	–	-45,000	–	-1.62%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-63,978	–	-1.87%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-71,277	–	-1.93%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-500,015	–	-2.24%	–
QCOM	Exit	QUALCOMM INC	$0	–	-135,000	–	-2.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-226,251	–	-2.33%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-100,000	–	-2.43%	–
TLMR	Exit	TALMER BANCORP INC	$0	–	-1,310,493	–	-4.03%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-850,000	–	-37.26%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$167,467,000	-47.6%	850,000	-47.9%	37.26%	-30.6%
TLMR	Sell	TALMER BANCORP INC	$18,124,000	-56.7%	1,310,493	-56.8%	4.03%	-42.6%
IWM	Sell	ISHARES TRrussell 2000 etf	$10,935,000	-38.6%	100,000	-33.3%	2.43%	-18.7%
MSFT	Buy	MICROSOFT CORP	$10,489,000	+16.4%	226,251	+4.7%	2.33%	+54.3%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$10,090,000	-5.7%	500,015	+0.0%	2.24%	+25.0%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$8,674,000	+7.2%	71,277	+4.0%	1.93%	+42.0%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$8,394,000	+13.9%	63,978	+9.5%	1.87%	+50.9%
MA	Buy	MASTERCARD INCcl a	$7,205,000	+5.6%	97,464	+5.0%	1.60%	+39.9%
AAPL	Sell	APPLE INC	$7,072,000	-3.2%	70,190	-10.8%	1.57%	+28.2%
MDLZ	Buy	MONDELEZ INTL INCcl a	$6,238,000	-5.6%	182,066	+3.7%	1.39%	+25.0%
CHL	Sell	CHINA MOBILE LIMITEDsponsored adr	$5,875,000	-3.3%	100,000	-20.0%	1.31%	+28.0%
GD	Buy	GENERAL DYNAMICS CORP	$4,541,000	+125.0%	35,732	+106.4%	1.01%	+197.9%
ADBE	Sell	ADOBE SYS INC	$4,187,000	-5.0%	60,520	-0.6%	0.93%	+25.9%
MU	Buy	MICRON TECHNOLOGY INC	$3,853,000	+80.1%	112,465	+73.2%	0.86%	+138.7%
SYT	Buy	SYNGENTA AGsponsored adr	$3,802,000	-7.6%	60,000	+9.1%	0.85%	+22.4%
FWLT	Buy	FOSTER WHEELER AG	$2,535,000	+69.8%	80,158	+82.9%	0.56%	+124.7%
SIG	Buy	SIGNET JEWELERS LIMITED	$2,524,000	+19.2%	22,159	+15.7%	0.56%	+57.9%
PXD	Buy	PIONEER NAT RES CO	$2,512,000	+65.9%	12,752	+93.5%	0.56%	+120.1%
LNG	Buy	CHENIERE ENERGY INC	$2,472,000	+109.8%	30,887	+87.9%	0.55%	+177.8%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$2,443,000	+64.2%	28,027	+66.0%	0.54%	+117.6%
SNDK	Buy	SANDISK CORP	$2,360,000	+61.8%	24,089	+72.4%	0.52%	+114.3%
AON	Buy	AON PLC	$2,216,000	+104.1%	25,277	+109.6%	0.49%	+170.9%
AIG	Buy	AMERICAN INTL GROUP INC	$2,113,000	+62.3%	39,119	+63.9%	0.47%	+114.6%
BK	Buy	BANK NEW YORK MELLON CORP	$1,942,000	+116.5%	50,141	+109.5%	0.43%	+186.1%
TIBX	Buy	TIBCO SOFTWARE INC	$1,643,000	+291.2%	69,544	+234.3%	0.37%	+415.5%
FDO	Buy	FAMILY DLR STORES INC	$1,424,000	+190.6%	18,441	+149.0%	0.32%	+286.6%
WAG	Buy	WALGREEN CO	$1,415,000	+61.9%	23,867	+102.5%	0.32%	+114.3%
V	Buy	VISA INC	$1,410,000	+91.8%	6,607	+89.4%	0.31%	+155.3%
MRVL	Buy	MARVELL TECHNOLOGY GROUP LTDord	$1,317,000	+78.7%	97,693	+90.0%	0.29%	+136.3%
NWSA	Buy	NEWS CORP NEWcl a	$1,308,000	+79.4%	80,024	+97.0%	0.29%	+138.5%
EXC	Buy	EXELON CORP	$1,273,000	+193.3%	37,334	+214.1%	0.28%	+287.7%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$1,247,000	+25.3%	36,377	+28.5%	0.28%	+65.9%
CHTR	Buy	CHARTER COMMUNICATIONS INC Dcl a new	$1,230,000	+44.9%	8,125	+51.6%	0.27%	+91.6%
OTEX	Buy	OPEN TEXT CORP	$1,221,000	+235.4%	22,029	+190.1%	0.27%	+345.9%
NRG	Buy	NRG ENERGY INC	$1,181,000	+22.1%	38,754	+49.2%	0.26%	+62.3%
SUNEQ	Buy	SUNEDISON INC	$1,044,000	+199.1%	55,307	+258.3%	0.23%	+293.2%
ILMN	Buy	ILLUMINA INC	$994,000	+70.8%	6,066	+86.0%	0.22%	+125.5%
PVH	Buy	PVH CORP	$982,000	+112.1%	8,106	+104.1%	0.22%	+179.5%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$974,000	+85.5%	13,786	+82.2%	0.22%	+146.6%
BRCD	Buy	BROCADE COMMUNICATIONS SYS I	$963,000	+141.4%	88,616	+104.3%	0.21%	+219.4%
RNR	Buy	RENAISSANCERE HOLDINGS LTD	$933,000	+97.3%	9,333	+111.0%	0.21%	+163.3%
LOW	Buy	LOWES COS INC	$924,000	+187.9%	17,469	+161.1%	0.21%	+281.5%
WEB	Buy	WEB COM GROUP INC	$908,000	+162.4%	45,480	+279.5%	0.20%	+248.3%
LYB	Buy	LYONDELLBASELL INDUSTRIES N	$888,000	+91.0%	8,175	+71.5%	0.20%	+153.8%
REGN	Buy	REGENERON PHARMACEUTICALS	$811,000	+644.0%	2,249	+481.1%	0.18%	+900.0%
9207PS	Buy	ROCK-TENN COcl a	$788,000	+17.8%	16,552	+161.2%	0.18%	+56.2%
BIDU	Buy	BAIDU INCspon adr rep a	$775,000	+166.3%	3,553	+127.8%	0.17%	+251.0%
WBMD	Buy	WEBMD HEALTH CORP	$744,000	+47.9%	17,801	+70.9%	0.17%	+97.6%
WPX	New	WPX ENERGY INC	$725,000	–	30,135	–	0.16%	–
GNCIQ	New	GNC HLDGS INC	$708,000	–	18,267	–	0.16%	–
CI	Buy	CIGNA CORPORATION	$693,000	+37.2%	7,642	+39.2%	0.15%	+81.2%
KMX	New	CARMAX INC	$664,000	–	14,296	–	0.15%	–
AET	Buy	AETNA INC NEW	$646,000	+89.4%	7,971	+89.3%	0.14%	+152.6%
CNX	Buy	CONSOL ENERGY INC	$640,000	+137.0%	16,892	+188.3%	0.14%	+215.6%
COF	Buy	CAPITAL ONE FINL CORP	$632,000	+89.8%	7,745	+92.4%	0.14%	+151.8%
J105SC	Buy	CONVERSANT INC	$619,000	+403.3%	18,087	+272.5%	0.14%	+557.1%
LPG	New	DORIAN LPG LTD	$530,000	–	29,723	–	0.12%	–
ORCL	Buy	ORACLE CORP	$501,000	+92.7%	13,077	+103.9%	0.11%	+152.3%
TTWO	Buy	TAKE-TWO INTERACTIVE SOFTWAR	$499,000	+76.3%	21,629	+69.7%	0.11%	+131.2%
MON	Buy	MONSANTO CO NEW	$495,000	+246.2%	4,402	+284.8%	0.11%	+358.3%
LRCX	Buy	LAM RESEARCH CORP	$487,000	+350.9%	6,516	+308.0%	0.11%	+500.0%
CP	Buy	CANADIAN PAC RY LTD	$473,000	+76.5%	2,280	+54.1%	0.10%	+133.3%
MHK	Buy	MOHAWK INDS INC	$465,000	+263.3%	3,448	+273.2%	0.10%	+390.5%
MAS	New	MASCO CORP	$455,000	–	19,025	–	0.10%	–
GDX	Buy	MARKET VECTORS ETF TRgold miner etf	$456,000	+53.0%	21,360	+89.6%	0.10%	+102.0%
NFLX	New	NETFLIX INC	$451,000	–	1,000	–	0.10%	–
TWX	Sell	TIME WARNER INC	$449,000	-19.7%	5,974	-25.0%	0.10%	+6.4%
EMC	Buy	E M C CORP MASS	$426,000	+110.9%	14,563	+89.4%	0.10%	+179.4%
DVN	New	DEVON ENERGY CORP NEW	$421,000	–	6,177	–	0.09%	–
OIS	Buy	OIL STS INTL INC	$420,000	+82.6%	6,788	+89.4%	0.09%	+138.5%
CPN	New	CALPINE CORP	$414,000	–	19,081	–	0.09%	–
PFE	Buy	PFIZER INC	$400,000	+110.5%	13,544	+111.1%	0.09%	+178.1%
VOYA	Buy	VOYA FINL INC	$390,000	+68.1%	9,975	+56.3%	0.09%	+123.1%
JBLU	New	JETBLUE AIRWAYS CORP	$354,000	–	33,297	–	0.08%	–
CSC	Buy	COMPUTER SCIENCES CORP	$351,000	+37.6%	5,739	+42.1%	0.08%	+81.4%
SATS	Buy	ECHOSTAR CORPcl a	$346,000	+60.2%	7,102	+74.1%	0.08%	+113.9%
SLXP	Buy	SALIX PHARMACEUTICALS INC	$343,000	+390.0%	2,193	+284.1%	0.08%	+533.3%
LMCA	Buy	LIBERTY MEDIA CORP DELAWAREcl a	$343,000	+28.0%	7,280	+271.0%	0.08%	+68.9%
BAGL	Buy	EINSTEIN NOAH REST GROUP INC	$335,000	+137.6%	16,620	+89.6%	0.08%	+212.5%
NWS	New	NEWS CORP NEWcl b	$332,000	–	20,600	–	0.07%	–
NOV	Buy	NATIONAL OILWELL VARCO INC	$330,000	+151.9%	4,330	+171.3%	0.07%	+231.8%
LBTYK	Buy	LIBERTY GLOBAL PLC	$315,000	+84.2%	7,674	+89.4%	0.07%	+141.4%
SPR	Buy	SPIRIT AEROSYSTEMS HLDGS INC	$304,000	+114.1%	7,978	+89.4%	0.07%	+183.3%
IAC	Buy	IAC INTERACTIVECORP	$307,000	+147.6%	4,664	+160.3%	0.07%	+223.8%
KSU	Buy	KANSAS CITY SOUTHERN	$279,000	+282.2%	2,298	+239.9%	0.06%	+416.7%
APC	Sell	ANADARKO PETE CORP	$279,000	-12.3%	2,752	-5.3%	0.06%	+17.0%
AGNC	Buy	AMERICAN CAPITAL AGENCY CORP	$275,000	+71.9%	12,929	+89.4%	0.06%	+125.9%
6107SC	Buy	URS CORP NEW	$272,000	+138.6%	4,724	+89.4%	0.06%	+221.1%
A	Buy	AGILENT TECHNOLOGIES INC	$266,000	+79.7%	4,673	+81.8%	0.06%	+136.0%
TPX	Buy	TEMPUR SEALY INTL INC	$261,000	+57.2%	4,647	+67.1%	0.06%	+107.1%
CONN	Buy	CONNS INC	$262,000	+23.6%	8,639	+101.0%	0.06%	+61.1%
DOX	Buy	AMDOCS LTD	$261,000	+87.8%	5,682	+89.3%	0.06%	+152.2%
ALXN	Buy	ALEXION PHARMACEUTICALS INC	$252,000	+137.7%	1,522	+125.1%	0.06%	+211.1%
CAM	Buy	CAMERON INTERNATIONAL CORP	$246,000	+26.2%	3,711	+29.1%	0.06%	+66.7%
FB	Sell	FACEBOOK INCcl a	$245,000	+12.4%	3,102	-4.4%	0.06%	+48.6%
AER	New	AERCAP HOLDINGS NV	$225,000	–	5,492	–	0.05%	–
B108PS	Buy	ACTAVIS PLC	$221,000	+145.6%	917	+128.1%	0.05%	+226.7%
TIME	Buy	TIME INC NEW	$194,000	+708.3%	8,269	+731.1%	0.04%	+975.0%
DVA	Buy	DAVITA HEALTHCARE PARTNERS I	$194,000	+280.4%	2,648	+275.6%	0.04%	+377.8%
NGHC	Buy	NATIONAL GEN HLDGS CORP	$182,000	+71.7%	10,784	+76.4%	0.04%	+122.2%
SIRI	Buy	SIRIUS XM HLDGS INC	$181,000	+112.9%	51,919	+112.5%	0.04%	+185.7%
CVEO	Buy	CIVEO CORP	$177,000	-1.1%	15,267	+113.0%	0.04%	+30.0%
CHMT	New	CHEMTURA CORP	$168,000	–	7,211	–	0.04%	–
BP	Buy	BP PLCsponsored adr	$163,000	+58.3%	3,698	+89.5%	0.04%	+111.8%
NFX	New	NEWFIELD EXPL CO	$151,000	–	4,071	–	0.03%	–
MDR	Buy	MCDERMOTT INTL INC	$152,000	+3.4%	26,588	+46.7%	0.03%	+36.0%
VLO	Sell	VALERO ENERGY CORP NEW	$148,000	-33.9%	3,202	-28.3%	0.03%	-13.2%
KORS	Sell	MICHAEL KORS HLDGS LTD	$144,000	-33.9%	2,018	-17.8%	0.03%	-13.5%
A104PS	New	HILTON WORLDWIDE HLDGS INC	$144,000	–	5,830	–	0.03%	–
WDAY	Buy	WORKDAY INCcl a	$142,000	+37.9%	1,724	+50.0%	0.03%	+88.2%
HRB	Sell	BLOCK H & R INC	$140,000	-33.3%	4,523	-27.9%	0.03%	-11.4%
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$133,000	–	2,971	–	0.03%	–
DWA	Buy	DREAMWORKS ANIMATION SKG INCcl a	$136,000	+1842.9%	4,992	+1455.1%	0.03%	+2900.0%
RL	New	RALPH LAUREN CORPcl a	$131,000	–	796	–	0.03%	–
LBTYA	Buy	LIBERTY GLOBAL PLC	$131,000	+81.9%	3,078	+89.4%	0.03%	+141.7%
KMIWS	Buy	KINDER MORGAN INC DEL*w exp 05/25/201	$125,000	+135.8%	34,427	+79.0%	0.03%	+211.1%
AGN	New	ALLERGAN INC	$109,000	–	610	–	0.02%	–
ACI	Buy	ARCH COAL INC	$104,000	+18.2%	48,912	+103.5%	0.02%	+53.3%
F102PS	Sell	BABCOCK & WILCOX CO NEW	$102,000	-37.0%	3,672	-26.4%	0.02%	-14.8%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$101,000	+4.1%	969	-4.5%	0.02%	+37.5%
NRF	New	NORTHSTAR RLTY FIN CORP	$97,000	–	5,476	–	0.02%	–
NSAM	New	NORTHSTAR ASSET MGMT GROUP I	$97,000	–	5,286	–	0.02%	–
ADSK	Sell	AUTODESK INC	$94,000	-21.0%	1,699	-19.4%	0.02%	+5.0%
LUK	Buy	LEUCADIA NATL CORP	$88,000	+120.0%	3,709	+143.1%	0.02%	+185.7%
V107SC	New	WELLPOINT INC	$87,000	–	724	–	0.02%	–
DSW	New	DSW INCcl a	$69,000	–	2,302	–	0.02%	–
CHS	Buy	CHICOS FAS INC	$68,000	+17.2%	4,630	+34.6%	0.02%	+50.0%
MPC	New	MARATHON PETE CORP	$63,000	–	742	–	0.01%	–
VOD	Buy	VODAFONE GROUP PLC NEWspnsr adr no par	$61,000	+84.8%	1,850	+89.4%	0.01%	+133.3%
PCP	New	PRECISION CASTPARTS CORP	$59,000	–	250	–	0.01%	–
CCI	Sell	CROWN CASTLE INTL CORP	$56,000	-20.0%	697	-26.3%	0.01%	0.0%
ABY	New	ABENGOA YIELD PLC	$53,000	–	1,502	–	0.01%	–
ZNGA	Buy	ZYNGA INCcl a	$53,000	+55.9%	19,675	+88.0%	0.01%	+100.0%
RAD	Buy	RITE AID CORP	$49,000	-5.8%	10,214	+41.8%	0.01%	+22.2%
XEC	New	CIMAREX ENERGY CO	$48,000	–	379	–	0.01%	–
CTRP	New	CTRIP COM INTL LTD	$51,000	–	894	–	0.01%	–
PFG	New	PRINCIPAL FINL GROUP INC	$45,000	–	867	–	0.01%	–
FSC	Buy	FIFTH STREET FINANCE CORP	$46,000	+76.9%	5,017	+89.2%	0.01%	+150.0%
CNC	New	CENTENE CORP DEL	$44,000	–	538	–	0.01%	–
ZBH	New	ZIMMER HLDGS INC	$46,000	–	458	–	0.01%	–
TGI	Sell	TRIUMPH GROUP INC NEW	$47,000	-50.5%	726	-46.8%	0.01%	-37.5%
ASC	Buy	ARDMORE SHIPPING CORP	$46,000	+43.8%	4,204	+82.1%	0.01%	+100.0%
MYGN	New	MYRIAD GENETICS INC	$39,000	–	1,010	–	0.01%	–
ICPT	Sell	INTERCEPT PHARMACEUTICALS IN	$37,000	-7.5%	158	-5.4%	0.01%	+14.3%
STT	Buy	STATE STR CORP	$33,000	+135.7%	453	+113.7%	0.01%	+250.0%
MLCO	New	MELCO CROWN ENTMT LTDadr	$31,000	–	1,170	–	0.01%	–
BB	Buy	BLACKBERRY LTD	$29,000	+93.3%	2,951	+106.2%	0.01%	+100.0%
CQH	Buy	CHENIERE ENERGY PTNRS LP HLD	$23,000	+76.9%	928	+82.3%	0.01%	+150.0%
BIOF	Buy	BIOFUEL ENERGY CORP	$22,000	+69.2%	3,524	+90.7%	0.01%	+150.0%
XON	Sell	INTREXON CORP	$17,000	-62.2%	926	-48.5%	0.00%	-50.0%
AAL	New	AMERICAN AIRLS GROUP INC	$14,000	–	388	–	0.00%	–
SBAC	New	SBA COMMUNICATIONS CORP	$13,000	–	114	–	0.00%	–
STNG	Sell	SCORPIO TANKERS INC	$9,000	-95.6%	1,075	-94.7%	0.00%	-94.1%
BIOFR	New	BIOFUEL ENERGY CORPright 10/17/2014	$10,000	–	3,524	–	0.00%	–
ALLE	New	ALLEGION PUB LTD CO	$8,000	–	178	–	0.00%	–
CKH	Sell	SEACOR HOLDINGS INC	$4,000	-33.3%	53	-20.9%	0.00%	0.0%
RBCN	Exit	RUBICON TECHNOLOGY INC	$0	–	-102	–	0.00%	–
CXO	Sell	CONCHO RES INC	$2,000	-98.5%	13	-98.6%	0.00%	-100.0%
CLF	New	CLIFFS NAT RES INC	$0	–	7	–	0.00%	–
DLNG	Exit	DYNAGAS LNG PARTNERS LP	$0	–	-130	–	-0.00%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-66	–	-0.00%	–
HAWK	Exit	BLACKHAWK NETWORK HLDGS INCcl a	$0	–	-279	–	-0.00%	–
HTS	Exit	HATTERAS FINL CORP	$0	–	-523	–	-0.00%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-111	–	-0.00%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO LTDads	$0	–	-118	–	-0.00%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-302	–	-0.00%	–
DNOW	Exit	NOW INC	$0	–	-399	–	-0.00%	–
MET	Exit	METLIFE INC	$0	–	-321	–	-0.00%	–
CME	Exit	CME GROUP INC	$0	–	-205	–	-0.00%	–
NRF	Exit	NORTHSTAR RLTY FIN CORP	$0	–	-1,350	–	-0.00%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-329	–	-0.00%	–
BPI	Exit	BRIDGEPOINT ED INC	$0	–	-1,552	–	-0.00%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-4,555	–	-0.01%	–
MYL	Exit	MYLAN INC	$0	–	-653	–	-0.01%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-147	–	-0.01%	–
YHOO	Exit	YAHOO INC	$0	–	-1,109	–	-0.01%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-143	–	-0.01%	–
STJ	Exit	ST JUDE MED INC	$0	–	-700	–	-0.01%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-3,227	–	-0.01%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-37	–	-0.01%	–
USB	Exit	US BANCORP DEL	$0	–	-1,276	–	-0.01%	–
PAGP	Exit	PLAINS GP HLDGS LP	$0	–	-2,049	–	-0.01%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-1,644	–	-0.01%	–
UTIW	Exit	UTI WORLDWIDE INCord	$0	–	-8,692	–	-0.02%	–
RNDY	Exit	ROUNDY'S INC	$0	–	-19,327	–	-0.02%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-1,928	–	-0.02%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-1,368	–	-0.02%	–
NEBLQ	Exit	NOBLE CORP PLC	$0	–	-5,275	–	-0.03%	–
MW	Exit	MENS WEARHOUSE INC	$0	–	-4,176	–	-0.04%	–
UFS	Exit	DOMTAR CORP	$0	–	-7,436	–	-0.05%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-9,959	–	-0.07%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-7,738	–	-0.08%	–
NLSN	Exit	NIELSEN N V	$0	–	-12,117	–	-0.10%	–

Q2 2014

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$319,513,000	–	1,632,500	–	53.67%	–
TLMR	New	TALMER BANCORP INC	$41,835,000	–	3,033,693	–	7.03%	–
IWM	New	ISHARESrussell 2000 etf	$17,822,000	–	150,000	–	2.99%	–
QCOM	New	QUALCOMM INC	$10,692,000	–	135,000	–	1.80%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$10,695,000	–	500,000	–	1.80%	–
MSFT	New	MICROSOFT CORP	$9,010,000	–	216,065	–	1.51%	–
SLB	New	SCHLUMBERGER LTD	$8,257,000	–	70,000	–	1.39%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$8,090,000	–	68,557	–	1.36%	–
VRX	New	VALEANT PHARMACEUTICALS INTL INC.	$7,368,000	–	58,420	–	1.24%	–
AAPL	New	APPLE INC	$7,309,000	–	78,648	–	1.23%	–
MA	New	MASTERCARD INCcl a	$6,822,000	–	92,849	–	1.15%	–
FDX	New	FEDEX CORP	$6,812,000	–	45,000	–	1.14%	–
MS	New	MORGAN STANLEY	$6,628,000	–	205,000	–	1.11%	–
MDLZ	New	MONDELEZ INTL INCcl a	$6,606,000	–	175,632	–	1.11%	–
MGM	New	MGM RESORTS INTERNATIONAL	$6,600,000	–	250,000	–	1.11%	–
DIS	New	DISNEY WALT CO	$6,431,000	–	75,000	–	1.08%	–
C	New	CITIGROUP INC	$6,359,000	–	135,000	–	1.07%	–
AXP	New	AMERICAN EXPRESS CO	$6,167,000	–	65,000	–	1.04%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$6,076,000	–	125,000	–	1.02%	–
HD	New	HOME DEPOT INC	$6,072,000	–	75,000	–	1.02%	–
GWW	New	GRAINGER W W INC	$5,721,000	–	22,500	–	0.96%	–
LVS	New	LAS VEGAS SANDS CORP	$5,335,000	–	70,000	–	0.90%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$4,598,000	–	40,000	–	0.77%	–
HBI	New	HANESBRANDS INC	$4,430,000	–	45,000	–	0.74%	–
ADBE	New	ADOBE SYS INC	$4,407,000	–	60,910	–	0.74%	–
MMM	New	3M CO	$4,297,000	–	30,000	–	0.72%	–
SBUX	New	STARBUCKS CORP	$4,256,000	–	55,000	–	0.72%	–
A309PS	New	DIRECTV	$4,251,000	–	50,000	–	0.71%	–
SYT	New	SYNGENTA AGsponsored adr	$4,114,000	–	55,000	–	0.69%	–
EWJ	New	ISHARESmsci japan etf	$3,070,000	–	255,000	–	0.52%	–
MU	New	MICRON TECHNOLOGY INC	$2,139,000	–	64,931	–	0.36%	–
SIG	New	SIGNET JEWELERS LIMITED	$2,118,000	–	19,149	–	0.36%	–
GD	New	GENERAL DYNAMICS CORP	$2,018,000	–	17,313	–	0.34%	–
PXD	New	PIONEER NAT RES CO	$1,514,000	–	6,590	–	0.25%	–
FWLT	New	FOSTER WHEELER AG	$1,493,000	–	43,836	–	0.25%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$1,488,000	–	16,879	–	0.25%	–
SNDK	New	SANDISK CORP	$1,459,000	–	13,973	–	0.24%	–
AIG	New	AMERICAL INTL GROUP INC	$1,302,000	–	23,863	–	0.22%	–
LNG	New	CHENIERE ENERGY INC	$1,178,000	–	16,436	–	0.20%	–
AON	New	AON PLC	$1,086,000	–	12,057	–	0.18%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$995,000	–	28,319	–	0.17%	–
NRG	New	NRG ENERGY INC	$967,000	–	25,982	–	0.16%	–
BK	New	BANK NEW YORK MELLON CORP	$897,000	–	23,938	–	0.15%	–
WAG	New	WALGREEN CO	$874,000	–	11,789	–	0.15%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$849,000	–	5,359	–	0.14%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$737,000	–	51,423	–	0.12%	–
V	New	VISA INC	$735,000	–	3,489	–	0.12%	–
NWSA	New	NEWS CORP NEWcl a	$729,000	–	40,624	–	0.12%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$694,000	–	433,557	–	0.12%	–
9207PS	New	ROCK-TENN COcl a	$669,000	–	6,337	–	0.11%	–
NLSN	New	NIELSEN N V	$587,000	–	12,117	–	0.10%	–
ILMN	New	ILLUMINA INC	$582,000	–	3,262	–	0.10%	–
TWX	New	TIME WARNER INC	$559,000	–	7,964	–	0.09%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$525,000	–	7,566	–	0.09%	–
CI	New	CIGNA CORPORATION	$505,000	–	5,489	–	0.08%	–
WBMD	New	WEBMD HEALTH CORP	$503,000	–	10,414	–	0.08%	–
FDO	New	FAMILY DLR STORES INC	$490,000	–	7,405	–	0.08%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$473,000	–	4,423	–	0.08%	–
PVH	New	PVH CORP	$463,000	–	3,971	–	0.08%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$465,000	–	4,767	–	0.08%	–
ALXA	New	ALEXZA PHARMACEUTICALS INC	$452,000	–	98,914	–	0.08%	–
DG	New	DOLLAR GEN CORP NEW	$444,000	–	7,738	–	0.08%	–
EXC	New	EXELON COR	$434,000	–	11,887	–	0.07%	–
DLB	New	DOLBY LABORATORIES INC	$430,000	–	9,959	–	0.07%	–
TIBX	New	TIBCO SOFTWARE INC	$420,000	–	20,804	–	0.07%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$399,000	–	43,376	–	0.07%	–
OTEX	New	OPEN TEXT CORP	$364,000	–	7,594	–	0.06%	–
SUNEQ	New	SUNEDISON INC	$349,000	–	15,436	–	0.06%	–
WEB	New	WEB COM GROUP INC	$346,000	–	11,985	–	0.06%	–
AET	New	AETNA INC NEW	$341,000	–	4,210	–	0.06%	–
EFA	New	ISHARESmsci eafe etf	$342,000	–	5,000	–	0.06%	–
COF	New	CAPITAL ONE FINL CORP	$333,000	–	4,026	–	0.06%	–
UFS	New	DOMTAR CORP	$319,000	–	7,436	–	0.05%	–
LOW	New	LOWE'S COS INC	$321,000	–	6,690	–	0.05%	–
APC	New	ANADARKO PETE CORP	$318,000	–	2,906	–	0.05%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$298,000	–	11,267	–	0.05%	–
BIDU	New	BAIDU INCspon adr rep a	$291,000	–	1,560	–	0.05%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$283,000	–	12,743	–	0.05%	–
CP	New	CANADIAN PAC RY LTD	$268,000	–	1,480	–	0.04%	–
CNX	New	CONSOL ENERGY INC	$270,000	–	5,859	–	0.04%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$268,000	–	1,962	–	0.04%	–
ORCL	New	ORACLE CORP	$260,000	–	6,413	–	0.04%	–
CSC	New	COMPUTER SCIENCES CORP	$255,000	–	4,040	–	0.04%	–
OIS	New	OIL STS INTL INC	$230,000	–	3,584	–	0.04%	–
VOYA	New	VOYA FINANCIAL INC	$232,000	–	6,380	–	0.04%	–
MW	New	MENS WEARHOUSE INC	$233,000	–	4,176	–	0.04%	–
VLO	New	VALERO ENERGY CORP NEW	$224,000	–	4,464	–	0.04%	–
FB	New	FACEBOOK INCcl a	$218,000	–	3,245	–	0.04%	–
KORS	New	MICHAEL KORS HLDGS LTD	$218,000	–	2,454	–	0.04%	–
CONN	New	CONNS INC	$212,000	–	4,299	–	0.04%	–
SATS	New	ECHOSTAR CORPcl a	$216,000	–	4,080	–	0.04%	–
EEM	New	ISHARESmsci emg mkt etf	$216,000	–	5,000	–	0.04%	–
HRB	New	BLOCK H & R INC	$210,000	–	6,270	–	0.04%	–
EMC	New	E M C CORP MASS	$202,000	–	7,687	–	0.03%	–
STNG	New	SCORPIO TANKERS INC	$205,000	–	20,126	–	0.03%	–
CAM	New	CAMERON INTERNATIONAL CORP	$195,000	–	2,874	–	0.03%	–
PFE	New	PFIZER INC	$190,000	–	6,416	–	0.03%	–
NEBLQ	New	NOBLE CORP PLC	$177,000	–	5,275	–	0.03%	–
CVEO	New	CIVEO CORP	$179,000	–	7,168	–	0.03%	–
LBTYK	New	LIBERTY GLOBAL PLC	$171,000	–	4,051	–	0.03%	–
TPX	New	TEMPUR SEALY INTL INC	$166,000	–	2,781	–	0.03%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$162,000	–	4,990	–	0.03%	–
AGNC	New	AMERICAN CAPITAL AGENCY CORP	$160,000	–	6,827	–	0.03%	–
MDR	New	MCDERMOTT INTL INC	$147,000	–	18,127	–	0.02%	–
A	New	AGILENT TECHNOLOGIES INC.	$148,000	–	2,570	–	0.02%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$140,000	–	1,368	–	0.02%	–
MON	New	MONSANTO CO NEW	$143,000	–	1,144	–	0.02%	–
BAGL	New	EINSTEIN NOAH REST GROUP INC	$141,000	–	8,765	–	0.02%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$142,000	–	4,213	–	0.02%	–
DOX	New	AMDOCS LTD	$139,000	–	3,002	–	0.02%	–
CXO	New	CONCHO RES INC	$135,000	–	937	–	0.02%	–
NOV	New	NATIONAL OILWELL VARCO INC	$131,000	–	1,596	–	0.02%	–
MHK	New	MOHAWK INDS INC	$128,000	–	924	–	0.02%	–
IAC	New	IAC INTERACTIVECORP	$124,000	–	1,792	–	0.02%	–
J105SC	New	CONVERSANT INC	$123,000	–	4,856	–	0.02%	–
ADSK	New	AUTODESK INC	$119,000	–	2,107	–	0.02%	–
6107SC	New	URS CORP NEW	$114,000	–	2,494	–	0.02%	–
RNDY	New	ROUNDY'S INC	$106,000	–	19,327	–	0.02%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$106,000	–	676	–	0.02%	–
DLTR	New	DOLLAR TREE INC	$105,000	–	1,928	–	0.02%	–
LRCX	New	LAM RESEARCH CORP	$108,000	–	1,597	–	0.02%	–
REGN	New	REGENERON PHARMACEUTICALS	$109,000	–	387	–	0.02%	–
NGHC	New	NATIONAL GEN HLDGS CORP	$106,000	–	6,114	–	0.02%	–
BP	New	BP PLCsponsored adr	$103,000	–	1,951	–	0.02%	–
WDAY	New	WORKDAY INCcl a	$103,000	–	1,149	–	0.02%	–
TGI	New	TRIUMPH GROUP INC NEW	$95,000	–	1,365	–	0.02%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$97,000	–	1,015	–	0.02%	–
ACI	New	ARCH COAL INC	$88,000	–	24,039	–	0.02%	–
B108PS	New	ACTAVIS PLC	$90,000	–	402	–	0.02%	–
UTIW	New	UTI WORLDWIDE INCord	$90,000	–	8,692	–	0.02%	–
SIRI	New	SIRIUS XM HLDGS INC	$85,000	–	24,427	–	0.01%	–
VZ	New	VERIZON COMMUNICATIONS INC	$80,000	–	1,644	–	0.01%	–
LBTYA	New	LIBERTY GLOBAL PLC	$72,000	–	1,625	–	0.01%	–
KSU	New	KANSAS CITY SOUTHERN	$73,000	–	676	–	0.01%	–
CCI	New	CROWN CASTLE INTL CORP	$70,000	–	946	–	0.01%	–
SLXP	New	SALIX PHARMACEUTICALS LTD	$70,000	–	571	–	0.01%	–
PAGP	New	PLAINS GP HLDGS LP	$66,000	–	2,049	–	0.01%	–
CHS	New	CHICO'S FAS INC	$58,000	–	3,439	–	0.01%	–
USB	New	US BANCORP DEL	$55,000	–	1,276	–	0.01%	–
RAD	New	RITE AID CORP	$52,000	–	7,202	–	0.01%	–
KMIWS	New	KINDER MORGAN INC DEL*w exp 05/25/201	$53,000	–	19,235	–	0.01%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$51,000	–	705	–	0.01%	–
BIIB	New	BIOGEN IDEC INC	$45,000	–	143	–	0.01%	–
XON	New	INTREXON CORP	$45,000	–	1,797	–	0.01%	–
STJ	New	ST JUDE MED INC	$48,000	–	700	–	0.01%	–
BAC	New	BANK OF AMERICA CORPORATION	$50,000	–	3,227	–	0.01%	–
PCLN	New	PRICELINE GRP INC	$45,000	–	37	–	0.01%	–
ICPT	New	INTERCEPT PHARMACEUTICALS IN	$40,000	–	167	–	0.01%	–
YHOO	New	YAHOO INC	$39,000	–	1,109	–	0.01%	–
LUK	New	LEUCADIA NATL CORP	$40,000	–	1,526	–	0.01%	–
SHPG	New	SHIRE PLCsponsored adr	$35,000	–	147	–	0.01%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$33,000	–	977	–	0.01%	–
ZNGA	New	ZYNGA INCcl a	$34,000	–	10,468	–	0.01%	–
NOK	New	NOKIA CORPsponsored adr	$34,000	–	4,555	–	0.01%	–
MYL	New	MYLAN INC	$34,000	–	653	–	0.01%	–
ASC	New	ARDMORE SHIPPING CORP	$32,000	–	2,309	–	0.01%	–
TIME	New	TIME INC NEW	$24,000	–	995	–	0.00%	–
NXPI	New	NXP SEMICONDUCTORS N V	$22,000	–	329	–	0.00%	–
FSC	New	FIFTH STREET FINANCE CORP	$26,000	–	2,652	–	0.00%	–
NRF	New	NORTHSTAR RLTY FIN CORP	$23,000	–	1,350	–	0.00%	–
BPI	New	BRIDGEPOINT ED INC	$21,000	–	1,552	–	0.00%	–
BB	New	BLACKBERRY LTD	$15,000	–	1,431	–	0.00%	–
MET	New	METLIFE INC	$18,000	–	321	–	0.00%	–
CME	New	CME GROUP INC	$15,000	–	205	–	0.00%	–
BIOF	New	BIOFUEL ENERGY CORP	$13,000	–	1,848	–	0.00%	–
STT	New	STATE STR CORP	$14,000	–	212	–	0.00%	–
CQH	New	CHENIERE ENERGY PTNRS LP HLD	$13,000	–	509	–	0.00%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$14,000	–	302	–	0.00%	–
DNOW	New	NOW INC	$14,000	–	399	–	0.00%	–
HTS	New	HATTERAS FINL CORP	$10,000	–	523	–	0.00%	–
HP	New	HELMERICH & PAYNE INC	$13,000	–	111	–	0.00%	–
QIHU	New	QIHOO 360 TECHNOLOGY CO LTDads	$11,000	–	118	–	0.00%	–
DWA	New	DREAMWORKS ANIMATION SKG INCcl a	$7,000	–	321	–	0.00%	–
DLNG	New	DYNAGAS LNG PARTNERS LP	$3,000	–	130	–	0.00%	–
CTXS	New	CITRIX SYS INC	$4,000	–	66	–	0.00%	–
HAWK	New	BLACKHAWK NETWORK HLDGS INCcl a	$8,000	–	279	–	0.00%	–
CKH	New	SEACOR HOLDINGS INC	$6,000	–	67	–	0.00%	–
RBCN	New	RUBICON TECHNOLOGY INC	$1,000	–	102	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
GMWSB	Exit	GENERAL MTRS CO*w exp 07/10/201	$0	–	-179	–	0.00%	–
PGEM	Exit	PLY GEM HLDGS INC	$0	–	-153	–	0.00%	–
ISS	Exit	ISOFTSTONE HLDGS LTDsponsored ads	$0	–	-314	–	0.00%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-226	–	-0.00%	–
GMWSA	Exit	GENERAL MTRS CO*w exp 07/10/201	$0	–	-179	–	-0.00%	–
TEN	Exit	TENNECO INC	$0	–	-107	–	-0.00%	–
TER	Exit	TERADYNE INC	$0	–	-346	–	-0.00%	–
BIOF	Exit	BIOFUEL ENERGY CORP	$0	–	-1,810	–	-0.00%	–
CIM	Exit	CHIMERA INVT CORP	$0	–	-2,949	–	-0.00%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-58	–	-0.00%	–
BYD	Exit	BOYD GAMING CORP	$0	–	-837	–	-0.00%	–
WWAV	Exit	WHITEWAVE FOODS CO	$0	–	-667	–	-0.00%	–
CLMT	Exit	CALUMET SPECIALTY PRODS PTNRut ltd partner	$0	–	-456	–	-0.00%	–
ASH	Exit	ASHLAND INC NEW	$0	–	-178	–	-0.00%	–
DFODQ	Exit	DEAN FOODS CO NEW	$0	–	-638	–	-0.00%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-46	–	-0.00%	–
MPG	Exit	MPG OFFICE TR INC	$0	–	-4,135	–	-0.00%	–
FIO	Exit	FUSION-IO INC	$0	–	-1,615	–	-0.00%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-870	–	-0.00%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-576	–	-0.00%	–
HIGWS	Exit	HARTFORD FINL SVCS GROUP INC*w exp 06/26/201	$0	–	-1,303	–	-0.00%	–
CBF	Exit	CAPITAL BK FINL CORP	$0	–	-1,194	–	-0.00%	–
BZH	Exit	BEAZER HOMES USA INC	$0	–	-1,262	–	-0.00%	–
BERY	Exit	BERRY PLASTICS GROUP INC	$0	–	-1,332	–	-0.00%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-801	–	-0.00%	–
FSC	Exit	FIFTH STREET FINANCE CORP	$0	–	-2,579	–	-0.00%	–
DSW	Exit	DSW INCcl a	$0	–	-318	–	-0.00%	–
NTAP	Exit	NETAPP INC	$0	–	-656	–	-0.00%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-567	–	-0.01%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-377	–	-0.01%	–
ARG	Exit	AIRGAS INC	$0	–	-301	–	-0.01%	–
HES	Exit	HESS CORP	$0	–	-438	–	-0.01%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-1,230	–	-0.01%	–
WFT	Exit	WEATHERFORD INTERNATIONAL LT	$0	–	-2,331	–	-0.01%	–
STBZ	Exit	STATE BK FINL CORP	$0	–	-2,282	–	-0.01%	–
ASML	Exit	ASML HOLDING N V	$0	–	-372	–	-0.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-917	–	-0.01%	–
STRZA	Exit	STARZ	$0	–	-1,694	–	-0.01%	–
GRFS	Exit	GRIFOLS S Asp adr rep b nvt	$0	–	-1,580	–	-0.01%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,440	–	-0.01%	–
TRN	Exit	TRINITY INDS INC	$0	–	-961	–	-0.01%	–
CKH	Exit	SEACOR HOLDINGS INC	$0	–	-495	–	-0.01%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-1,610	–	-0.01%	–
CE	Exit	CELANESE CORP DEL	$0	–	-963	–	-0.01%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-718	–	-0.01%	–
MHLD	Exit	MAIDEN HOLDINGS LTD	$0	–	-5,206	–	-0.01%	–
MWA	Exit	MUELLER WTR PRODS INC	$0	–	-7,386	–	-0.01%	–
KBR	Exit	KBR INC	$0	–	-1,808	–	-0.01%	–
VOD	Exit	VODAFONE GROUP PLC NEWspons adr new	$0	–	-1,742	–	-0.01%	–
CCL	Exit	CARNIVAL CORPpaired ctf	$0	–	-1,818	–	-0.01%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-2,408	–	-0.01%	–
MAS	Exit	MASCO CORP	$0	–	-3,178	–	-0.01%	–
WPX	Exit	WPX ENERGY INC	$0	–	-3,350	–	-0.01%	–
GLNG	Exit	GOLAR LNG LTD BERMUDA	$0	–	-1,788	–	-0.01%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-1,504	–	-0.01%	–
SBH	Exit	SALLY BEAUTY HLDGS INC	$0	–	-2,701	–	-0.01%	–
HRB	Exit	BLOCK H & R INC	$0	–	-2,751	–	-0.01%	–
DOX	Exit	AMDOCS LTDord	$0	–	-1,955	–	-0.01%	–
ERA	Exit	ERA GROUP INC	$0	–	-2,580	–	-0.01%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-511	–	-0.01%	–
JBHT	Exit	HUNT J B TRANS SVCS INC	$0	–	-1,022	–	-0.01%	–
LEG	Exit	LEGGETT & PLANTT INC	$0	–	-2,383	–	-0.01%	–
TEX	Exit	TEREX CORP NEW	$0	–	-2,221	–	-0.01%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-1,439	–	-0.01%	–
AXLL	Exit	AXIALL CORP	$0	–	-1,918	–	-0.01%	–
6107SC	Exit	URS CORP NEW	$0	–	-1,412	–	-0.01%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-1,407	–	-0.01%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-3,305	–	-0.01%	–
UTIW	Exit	UTI WORLDWIDE INCord	$0	–	-5,910	–	-0.01%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-6,481	–	-0.01%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-1,249	–	-0.02%	–
LM	Exit	LEGG MASON INC	$0	–	-2,991	–	-0.02%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-1,308	–	-0.02%	–
OC	Exit	OWENS CORNING NEW	$0	–	-2,563	–	-0.02%	–
OAK	Exit	OAKTREE CAP GROUP LLCunit 99/99/9999	$0	–	-1,925	–	-0.02%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-1,269	–	-0.02%	–
CME	Exit	CME GROUP INC	$0	–	-1,404	–	-0.02%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-1,710	–	-0.02%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-2,823	–	-0.02%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-1,533	–	-0.02%	–
OCN	Exit	OCWEN FINL CORP	$0	–	-1,963	–	-0.02%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-1,522	–	-0.02%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-1,553	–	-0.02%	–
COH	Exit	COACH INC	$0	–	-2,110	–	-0.02%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-2,615	–	-0.02%	–
RAD	Exit	RITE AID CORP	$0	–	-25,604	–	-0.02%	–
RLGY	Exit	REALOGY HLDGS CORP	$0	–	-2,846	–	-0.02%	–
IAC	Exit	IAC INTERACTIVE CORP	$0	–	-2,279	–	-0.02%	–
KO	Exit	COCA COLA CO	$0	–	-3,341	–	-0.02%	–
NE	Exit	NOBLE CORPORATION BAARnamen-akt	$0	–	-3,309	–	-0.02%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-1,721	–	-0.02%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-1,820	–	-0.02%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-4,224	–	-0.02%	–
MGM	Exit	MEG RESORTS INTERNATIONAL	$0	–	-6,856	–	-0.02%	–
EQIX	Exit	EQUINIX INC	$0	–	-752	–	-0.02%	–
VOYA	Exit	ING U S INC	$0	–	-4,699	–	-0.02%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-1,764	–	-0.02%	–
VRSN	Exit	VERISIGN INC	$0	–	-2,701	–	-0.02%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-7,106	–	-0.02%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-1,067	–	-0.02%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-418	–	-0.02%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-8,464	–	-0.02%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-1,025	–	-0.02%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-948	–	-0.02%	–
DST	Exit	DST SYS INC DEL	$0	–	-2,099	–	-0.02%	–
PFE	Exit	PFIZER INC	$0	–	-5,860	–	-0.03%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-5,061	–	-0.03%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-4,008	–	-0.03%	–
SATS	Exit	ECHOSTAR CORPcl a	$0	–	-3,942	–	-0.03%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-1,324	–	-0.03%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,555	–	-0.03%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-2,286	–	-0.03%	–
F	Exit	FORD MTR CO DEL	$0	–	-10,747	–	-0.03%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-5,007	–	-0.03%	–
LCC	Exit	U S AIRWAYS GROUP INC	$0	–	-9,541	–	-0.03%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO	$0	–	-2,669	–	-0.03%	–
MET	Exit	METLIFE INC	$0	–	-4,226	–	-0.03%	–
KMIWS	Exit	KINDER MORGAN INC DEL*w exp 05/25/201	$0	–	-40,149	–	-0.03%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-2,216	–	-0.03%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-20,922	–	-0.03%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-1,927	–	-0.03%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-9,293	–	-0.03%	–
ULTA	Exit	ULTA SALON COSMETCS & FRAG I	$0	–	-1,844	–	-0.03%	–
BAGL	Exit	EINSTEIN NOAH REST GROUP INC	$0	–	-13,605	–	-0.04%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-3,215	–	-0.04%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-7,898	–	-0.04%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-10,542	–	-0.04%	–
CSC	Exit	COMPUTER SCIENCES CORP	$0	–	-5,206	–	-0.04%	–
GPS	Exit	CAP INC DEL	$0	–	-6,925	–	-0.04%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-11,150	–	-0.04%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-4,919	–	-0.04%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-5,054	–	-0.04%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-2,886	–	-0.05%	–
LNG	Exit	CHEIERE ENERGY INC	$0	–	-9,044	–	-0.05%	–
WBMD	Exit	WEBMD HEALTH CORP	$0	–	-10,846	–	-0.05%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-6,053	–	-0.05%	–
DELL	Exit	DELL INC	$0	–	-28,686	–	-0.06%	–
OIS	Exit	OIL STS INTL INC	$0	–	-3,803	–	-0.06%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-4,771	–	-0.06%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-4,525	–	-0.06%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-7,070	–	-0.07%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-507	–	-0.07%	–
EBAY	Exit	EBAY INC	$0	–	-7,969	–	-0.07%	–
NCR	Exit	NCR CORP NEW	$0	–	-11,709	–	-0.07%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-5,869	–	-0.07%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-13,248	–	-0.07%	–
CI	Exit	CIGNA CORPORATION	$0	–	-6,305	–	-0.07%	–
GT	Exit	GOODYEAR TIRE & RUBR CO	$0	–	-22,473	–	-0.08%	–
ALXA	Exit	ALEXZA PHARMACEUTICALS INC	$0	–	-98,914	–	-0.08%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-433,557	–	-0.08%	–
V	Exit	VISA INC	$0	–	-2,792	–	-0.08%	–
AET	Exit	AETNA INC NEW	$0	–	-8,556	–	-0.08%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-35,155	–	-0.09%	–
PCLN	Exit	PRICELINE COM INC	$0	–	-619	–	-0.10%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-56,139	–	-0.10%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-4,603	–	-0.10%	–
SNDK	Exit	SANDISK CORP	$0	–	-11,637	–	-0.11%	–
AON	Exit	AON PLC	$0	–	-9,842	–	-0.11%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-13,535	–	-0.12%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-4,133	–	-0.12%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-27,902	–	-0.13%	–
TDF	Exit	TEMPLETON DRAGON FD INC	$0	–	-35,000	–	-0.14%	–
GM	Exit	GENERAL MTRS CO	$0	–	-26,788	–	-0.15%	–
FWLT	Exit	FOSTER WHEELER AG	$0	–	-43,651	–	-0.18%	–
AIG	Exit	AMERICAL INTL GROUP INC	$0	–	-23,612	–	-0.18%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-19,867	–	-0.22%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-21,271	–	-0.28%	–
M	Exit	MACYS INC	$0	–	-50,000	–	-0.33%	–
MMM	Exit	3M CO	$0	–	-40,000	–	-0.73%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-50,000	–	-0.76%	–
A309PS	Exit	DIRECTV	$0	–	-85,000	–	-0.78%	–
FDX	Exit	FEDEX CORP	$0	–	-46,176	–	-0.81%	–
HBI	Exit	HANESBRANDS INC	$0	–	-90,000	–	-0.86%	–
HD	Exit	HOME DEPOT INC	$0	–	-75,000	–	-0.87%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-66,033	–	-0.88%	–
DIS	Exit	DISNEY WALT CO	$0	–	-90,000	–	-0.89%	–
C	Exit	CITIGROUP INC	$0	–	-119,811	–	-0.89%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-100,000	–	-0.89%	–
EMC	Exit	E M C CORP MASS	$0	–	-228,789	–	-0.90%	–
GWW	Exit	GRAINGER W W INC	$0	–	-22,500	–	-0.90%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-500,000	–	-0.91%	–
MON	Exit	MONSANTO CO NEW	$0	–	-57,245	–	-0.92%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-81,344	–	-0.94%	–
QCOM	Exit	QUALCOMM INC	$0	–	-91,419	–	-0.94%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-70,000	–	-0.95%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-200,000	–	-0.96%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-90,000	–	-1.00%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-1.03%	–
MS	Exit	MORGAN STANLEY	$0	–	-250,000	–	-1.03%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-450,000	–	-1.17%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-60,000	–	-1.18%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-85,997	–	-1.21%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-150,000	–	-1.30%	–
AAPL	Exit	APPLE INC	$0	–	-23,457	–	-1.71%	–
DEM	Exit	WISDOMTREE TRemerg mkts etf	$0	–	-275,000	–	-2.18%	–
RSX	Exit	MARKET VECTORS ETF TRrussia etf	$0	–	-550,000	–	-2.38%	–
EFA	Exit	ISHARESmsci eafe etf	$0	–	-350,000	–	-3.42%	–
EEM	Exit	ISHARESmsci emg mkt etf	$0	–	-1,250,000	–	-7.81%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-2,000,000	–	-12.30%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,581,555	–	-40.72%	–

Q3 2013

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$265,717,000	+3925.4%	1,581,555	+3743.6%	40.72%	+1773.9%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$80,270,000	+97.1%	2,000,000	+90.5%	12.30%	-8.3%
EEM	Buy	ISHARESmsci emg mkt etf	$50,944,000	+13132.2%	1,250,000	+12400.0%	7.81%	+6047.2%
AAPL	Buy	APPLE INC	$11,183,000	+53.5%	23,457	+27.7%	1.71%	-28.5%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$7,925,000	+8.9%	85,997	+0.0%	1.21%	-49.3%
TM	Sell	TOYOTA MOTOR CORP	$7,682,000	-15.1%	60,000	-20.0%	1.18%	-60.5%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$7,632,000	+4.1%	450,000	+12.5%	1.17%	-51.5%
MA	Sell	MASTERCARD INCcl a	$6,728,000	-6.3%	10,000	-20.0%	1.03%	-56.4%
QCOM	Sell	QUALCOMM INC	$6,154,000	+9.6%	91,419	-0.6%	0.94%	-49.0%
AXP	Buy	AMERICAN EXPRESS CO	$6,143,000	+2.7%	81,344	+1.7%	0.94%	-52.2%
MON	Sell	MONSANTO CO NEW	$5,975,000	+5.5%	57,245	-0.2%	0.92%	-50.9%
EWJ	New	ISHARESmsci japan etf	$5,960,000	–	500,000	–	0.91%	–
EMC	Buy	E M C CORP MASS	$5,848,000	+59.4%	228,789	+47.3%	0.90%	-25.8%
CTRP	New	CTRIP COM INTL LTD	$5,836,000	–	100,000	–	0.89%	–
C	Sell	CITIGROUP INC	$5,812,000	-1.5%	119,811	-2.6%	0.89%	-54.1%
DIS	Sell	DISNEY WALT CO	$5,804,000	-9.3%	90,000	-11.2%	0.89%	-57.8%
GRA	Buy	GRACE W R & CO DEL NEW	$5,771,000	+4.8%	66,033	+0.8%	0.88%	-51.2%
HD	Sell	HOME DEPOT INC	$5,689,000	-8.2%	75,000	-6.2%	0.87%	-57.3%
HBI	Sell	HANESBRANDS INC	$5,608,000	+9.1%	90,000	-10.0%	0.86%	-49.3%
FDX	Buy	FEDEX CORP	$5,269,000	+17.3%	46,176	+1.3%	0.81%	-45.4%
A309PS	New	DIRECTV	$5,081,000	–	85,000	–	0.78%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$4,960,000	–	50,000	–	0.76%	–
MMM	Sell	3M CO	$4,776,000	-20.6%	40,000	-27.3%	0.73%	-63.0%
M	Sell	MACYS INC	$2,164,000	-59.0%	50,000	-54.5%	0.33%	-80.9%
GD	Sell	GENERAL DYNAMICS CORP	$1,862,000	+8.6%	21,271	-2.8%	0.28%	-49.6%
SIG	Buy	SIGNET JEWELERS LIMITED	$1,423,000	+14.5%	19,867	+7.8%	0.22%	-46.7%
FWLT	Buy	FOSTER WHEELER AG	$1,150,000	+31.9%	43,651	+8.7%	0.18%	-38.7%
AIG	Sell	AMERICAL INTL GROUP INC	$1,148,000	-12.4%	23,612	-19.5%	0.18%	-59.3%
GM	Sell	GENERAL MTRS CO	$964,000	-2.1%	26,788	-9.5%	0.15%	-54.3%
BK	Sell	BANK NEW YORK MELLON CORP	$842,000	-3.2%	27,902	-10.1%	0.13%	-54.9%
PXD	Buy	PIONEER NAT RES CO	$780,000	+125.4%	4,133	+72.8%	0.12%	+5.3%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$777,000	+40.3%	13,535	+27.3%	0.12%	-34.6%
AON	Sell	AON PLC	$733,000	+12.3%	9,842	-3.0%	0.11%	-47.9%
SNDK	Buy	SANDISK CORP	$693,000	+12.0%	11,637	+14.8%	0.11%	-48.0%
LMCA	Buy	LIBERTY MEDIA CORP DELAWAREcl a	$677,000	+17.9%	4,603	+1.7%	0.10%	-45.0%
MRVL	Buy	MARVELL TECHNOLOGY GROUP LTDord	$646,000	+3.9%	56,139	+5.8%	0.10%	-51.7%
PCLN	Buy	PRICELINE COM INC	$626,000	+23.2%	619	+0.7%	0.10%	-42.5%
NWSA	New	NEWS CORP NEWcl a	$565,000	–	35,155	–	0.09%	–
AET	Buy	AETNA INC NEW	$548,000	+14.6%	8,556	+13.7%	0.08%	-46.5%
V	Sell	VISA INC	$534,000	+1.5%	2,792	-2.9%	0.08%	-52.6%
GT	Buy	GOODYEAR TIRE & RUBR CO	$505,000	+60.8%	22,473	+9.5%	0.08%	-25.2%
CI	Sell	CIGNA CORPORATION	$485,000	-22.0%	6,305	-26.5%	0.07%	-63.9%
KMI	Buy	KINDER MORGAN INC DEL	$471,000	-5.6%	13,248	+1.3%	0.07%	-56.1%
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$463,000	–	5,869	–	0.07%	–
NCR	Buy	NCR CORP NEW	$464,000	+45.5%	11,709	+21.0%	0.07%	-32.4%
GOOGL	Sell	GOOGLE INCcl a	$444,000	-38.2%	507	-37.8%	0.07%	-71.2%
EBAY	Buy	EBAY INC	$445,000	+44.5%	7,969	+33.7%	0.07%	-32.7%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$437,000	+4.8%	7,070	+4.8%	0.07%	-51.1%
RNR	Sell	RENAISSANCERE HOLDINGS LTD	$410,000	-0.7%	4,525	-4.8%	0.06%	-53.7%
OIS	Buy	OIL STS INTL INC	$393,000	+51.2%	3,803	+35.3%	0.06%	-30.2%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$392,000	+107.4%	4,771	+57.9%	0.06%	-3.2%
DELL	Sell	DELL INC	$394,000	-0.3%	28,686	-3.3%	0.06%	-53.8%
DLTR	Sell	DOLLAR TREE INC	$346,000	-5.5%	6,053	-15.8%	0.05%	-55.8%
WBMD	Buy	WEBMD HEALTH CORP	$310,000	+3.7%	10,846	+6.4%	0.05%	-51.0%
LNG	Buy	CHEIERE ENERGY INC	$309,000	+55.3%	9,044	+26.1%	0.05%	-28.8%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$301,000	+106.2%	2,886	+69.9%	0.05%	-4.2%
3106PS	Sell	DELPHI AUTOMOTIVE PLC	$295,000	-21.5%	5,054	-31.9%	0.04%	-63.7%
GDX	Sell	MARKET VECTORS ETF TRgold miner etf	$279,000	-88.5%	11,150	-88.8%	0.04%	-94.6%
GPS	Sell	CAP INC DEL	$279,000	-5.4%	6,925	-2.1%	0.04%	-55.7%
DG	Sell	DOLLAR GEN CORP NEW	$278,000	+2.6%	4,919	-8.4%	0.04%	-51.7%
CSC	Sell	COMPUTER SCIENCES CORP	$269,000	-3.6%	5,206	-18.3%	0.04%	-55.4%
DAL	Sell	DELTA AIR LINES INC DEL	$249,000	-1.6%	10,542	-22.0%	0.04%	-54.2%
KORS	Buy	MICHAEL KORS HLDGS LTD	$240,000	+37.9%	3,215	+14.6%	0.04%	-35.1%
UAL	Sell	UNITED CONTL HLDGS INC	$243,000	-33.8%	7,898	-32.6%	0.04%	-69.4%
BAGL	Buy	EINSTEIN NOAH REST GROUP INC	$236,000	+48.4%	13,605	+21.4%	0.04%	-30.8%
ULTA	Sell	ULTA SALON COSMETCS & FRAG I	$220,000	+5.8%	1,844	-11.1%	0.03%	-50.0%
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$206,000	–	9,293	–	0.03%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$212,000	–	1,927	–	0.03%	–
KMIWS	Buy	KINDER MORGAN INC DEL*w exp 05/25/201	$200,000	+8.7%	40,149	+11.8%	0.03%	-49.2%
STNG	Buy	SCORPIO TANKERS INC	$204,000	+35.1%	20,922	+24.7%	0.03%	-38.0%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$202,000	+11.0%	2,216	+5.3%	0.03%	-48.3%
MET	Sell	METLIFE INC	$198,000	-32.0%	4,226	-33.7%	0.03%	-68.8%
MJN	Buy	MEAD JOHNSON NUTRITION CO	$198,000	+2.1%	2,669	+9.2%	0.03%	-53.1%
LBTYA	Buy	LIBERTY GLOBAL PLC	$181,000	+34.1%	2,286	+24.6%	0.03%	-36.4%
AHL	Sell	ASPEN INSURANCE HOLDINGS LTD	$182,000	-5.7%	5,007	-3.7%	0.03%	-56.2%
LCC	Sell	U S AIRWAYS GROUP INC	$181,000	-24.3%	9,541	-34.3%	0.03%	-64.6%
F	Sell	FORD MTR CO DEL	$181,000	-27.6%	10,747	-33.4%	0.03%	-65.9%
SATS	Buy	ECHOSTAR CORPcl a	$173,000	+18.5%	3,942	+5.9%	0.03%	-43.8%
FB	New	FACEBOOK INCcl a	$179,000	–	3,555	–	0.03%	–
CHTR	Sell	CHARTER COMMUNICATIONS INC Dcl a new	$178,000	-9.2%	1,324	-16.5%	0.03%	-58.5%
HCA	Sell	HCA HOLDINGS INC	$171,000	-20.5%	4,008	-32.7%	0.03%	-63.4%
PFE	Sell	PFIZER INC	$168,000	-1.8%	5,860	-3.8%	0.03%	-53.6%
F102PS	Buy	BABCOCK & WILCOX CO NEW	$171,000	+35.7%	5,061	+20.8%	0.03%	-36.6%
TTWO	Buy	TAKE-TWO INTERACTIVE SOFTWAR	$154,000	+28.3%	8,464	+5.9%	0.02%	-40.0%
DST	Sell	DST SYS INC DEL	$158,000	+3.9%	2,099	-9.5%	0.02%	-52.0%
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$155,000	–	1,025	–	0.02%	–
RL	Sell	RALPH LAUREN CORPcl a	$156,000	-17.9%	948	-13.3%	0.02%	-61.9%
ISRG	Buy	INTUITIVE SURGICAL INC	$157,000	0.0%	418	+34.8%	0.02%	-53.8%
TDG	Buy	TRANSDIGM GROUP INC	$148,000	+7.2%	1,067	+21.0%	0.02%	-48.9%
HUN	Sell	HUNTSMAN CORP	$146,000	-13.1%	7,106	-30.0%	0.02%	-60.0%
VRSN	Sell	VERISIGN INC	$137,000	-25.1%	2,701	-34.2%	0.02%	-65.0%
MGM	Sell	MEG RESORTS INTERNATIONAL	$140,000	+0.7%	6,856	-27.2%	0.02%	-54.3%
PRU	Buy	PRUDENTIAL FINL INC	$138,000	+60.5%	1,764	+50.6%	0.02%	-25.0%
VOYA	New	ING U S INC	$137,000	–	4,699	–	0.02%	–
EQIX	Sell	EQUINIX INC	$138,000	-6.1%	752	-5.6%	0.02%	-56.2%
HIG	Sell	HARTFORD FINL SVCS GROUP INC	$131,000	-41.5%	4,224	-41.7%	0.02%	-73.0%
CCI	New	CROWN CASTLE INTL CORP	$133,000	–	1,820	–	0.02%	–
LBTYK	Buy	LIBERTY GLOBAL PLC	$130,000	+39.8%	1,721	+25.6%	0.02%	-35.5%
NE	New	NOBLE CORPORATION BAARnamen-akt	$125,000	–	3,309	–	0.02%	–
RAD	New	RITE AID CORP	$122,000	–	25,604	–	0.02%	–
IAC	Buy	IAC INTERACTIVE CORP	$125,000	+468.2%	2,279	+396.5%	0.02%	+171.4%
RLGY	Buy	REALOGY HLDGS CORP	$122,000	+205.0%	2,846	+243.3%	0.02%	+46.2%
KO	Sell	COCA COLA CO	$127,000	-97.8%	3,341	-97.7%	0.02%	-99.0%
COH	New	COACH INC	$115,000	–	2,110	–	0.02%	–
BEAV	Sell	B/E AEROSPACE INC	$115,000	+8.5%	1,553	-7.6%	0.02%	-48.6%
RIG	Sell	TRANSOCEAN LTD	$116,000	-31.4%	2,615	-25.7%	0.02%	-67.9%
FLR	Buy	FLUOR CORP NEW	$108,000	+575.0%	1,522	+451.4%	0.02%	+240.0%
OCN	New	OCWEN FINL CORP	$109,000	–	1,963	–	0.02%	–
WMB	Sell	WILLIAMS COS INC DEL	$103,000	-24.8%	2,823	-33.3%	0.02%	-64.4%
CBI	New	CHICAGO BRIDGE & IRON CO N V	$104,000	–	1,533	–	0.02%	–
WDAY	Buy	WORKDAY INCcl a	$103,000	+390.5%	1,269	+279.9%	0.02%	+128.6%
CME	Buy	CME GROUP INC	$104,000	+11.8%	1,404	+14.7%	0.02%	-48.4%
WYND	Sell	WYNDHAM WORLDWIDE CORP	$104,000	-5.5%	1,710	-10.8%	0.02%	-55.6%
LM	Buy	LEGG MASON INC	$100,000	+23.5%	2,991	+14.9%	0.02%	-44.4%
SBUX	Sell	STARBUCKS CORP	$101,000	-27.9%	1,308	-38.8%	0.02%	-67.4%
OC	Sell	OWENS CORNING NEW	$97,000	-33.6%	2,563	-31.2%	0.02%	-68.8%
OII	Buy	OCEANEERING INTL INC	$101,000	+12.2%	1,249	+0.1%	0.02%	-50.0%
OAK	Sell	OAKTREE CAP GROUP LLCunit 99/99/9999	$101,000	-2.9%	1,925	-2.5%	0.02%	-55.9%
UTIW	Buy	UTI WORLDWIDE INCord	$89,000	-2.2%	5,910	+6.6%	0.01%	-53.3%
BAC	Buy	BANK OF AMERICA CORPORATION	$89,000	+102.3%	6,481	+90.8%	0.01%	0.0%
BRCM	Sell	BROADCOM CORPcl a	$86,000	-48.2%	3,305	-32.7%	0.01%	-76.4%
SEMG	Buy	SEMGROUP CORPcl a	$80,000	+9.6%	1,407	+3.7%	0.01%	-50.0%
6107SC	New	URS CORP NEW	$76,000	–	1,412	–	0.01%	–
HRB	Buy	BLOCK H & R INC	$73,000	+14.1%	2,751	+18.8%	0.01%	-47.6%
TEX	New	TEREX CORP NEW	$75,000	–	2,221	–	0.01%	–
AXLL	New	AXIALL CORP	$72,000	–	1,918	–	0.01%	–
MNST	Sell	MONSTER BEVERAGE CORP	$75,000	-29.2%	1,439	-17.3%	0.01%	-68.6%
JBHT	Sell	HUNT J B TRANS SVCS INC	$75,000	-3.8%	1,022	-5.2%	0.01%	-57.7%
DOX	New	AMDOCS LTDord	$72,000	–	1,955	–	0.01%	–
ERA	Buy	ERA GROUP INC	$70,000	+16.7%	2,580	+11.5%	0.01%	-45.0%
LEG	Buy	LEGGETT & PLANTT INC	$72,000	+2.9%	2,383	+6.2%	0.01%	-52.2%
SBH	Buy	SALLY BEAUTY HLDGS INC	$71,000	+7.6%	2,701	+26.6%	0.01%	-50.0%
WHR	Sell	WHIRLPOOL CORP	$75,000	-14.8%	511	-33.9%	0.01%	-62.1%
MAS	Sell	MASCO CORP	$68,000	-29.2%	3,178	-35.2%	0.01%	-68.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$68,000	-28.4%	1,504	-33.9%	0.01%	-67.7%
WPX	New	WPX ENERGY INC	$65,000	–	3,350	–	0.01%	–
GLNG	New	GOLAR LNG LTD BERMUDA	$67,000	–	1,788	–	0.01%	–
SPR	Buy	SPIRIT AEROSYSTEMS HLDGS INC	$58,000	+56.8%	2,408	+40.7%	0.01%	-25.0%
KBR	Buy	KBR INC	$59,000	+195.0%	1,808	+189.7%	0.01%	+28.6%
MWA	Sell	MUELLER WTR PRODS INC	$59,000	-15.7%	7,386	-27.5%	0.01%	-60.9%
VOD	Buy	VODAFONE GROUP PLC NEWspons adr new	$61,000	+29.8%	1,742	+5.6%	0.01%	-40.0%
MHLD	Sell	MAIDEN HOLDINGS LTD	$61,000	-33.7%	5,206	-36.3%	0.01%	-70.0%
CCL	New	CARNIVAL CORPpaired ctf	$59,000	–	1,818	–	0.01%	–
SE	New	SPECTRA ENERGY CORP	$55,000	–	1,610	–	0.01%	–
CE	Sell	CELANESE CORP DEL	$51,000	-21.5%	963	-33.3%	0.01%	-61.9%
TRIP	Sell	TRIPADVISOR INC	$54,000	-60.9%	718	-68.3%	0.01%	-82.2%
JPM	Sell	JPMORGAN CHASE & CO	$47,000	-35.6%	917	-33.3%	0.01%	-70.8%
GRFS	Buy	GRIFOLS S Asp adr rep b nvt	$48,000	+11.6%	1,580	+5.8%	0.01%	-50.0%
MSFT	Sell	MICROSOFT CORP	$48,000	-87.5%	1,440	-87.1%	0.01%	-94.5%
CKH	Sell	SEACOR HOLDINGS INC	$45,000	-25.0%	495	-31.9%	0.01%	-65.0%
STRZA	Sell	STARZ	$48,000	-11.1%	1,694	-30.3%	0.01%	-61.1%
TRN	New	TRINITY INDS INC	$44,000	–	961	–	0.01%	–
STBZ	Buy	STATE BK FINL CORP	$36,000	+12.5%	2,282	+5.1%	0.01%	-45.5%
ASML	New	ASML HOLDING N V	$37,000	–	372	–	0.01%	–
WFT	Sell	WEATHERFORD INTERNATIONAL LT	$36,000	-56.6%	2,331	-61.7%	0.01%	-77.8%
SEE	Sell	SEALED AIR CORP NEW	$33,000	-25.0%	1,230	-32.8%	0.01%	-64.3%
ARG	New	AIRGAS INC	$32,000	–	301	–	0.01%	–
CHKP	Sell	CHECK POINT SOFTWARE TECH	$32,000	-23.8%	567	-32.7%	0.01%	-64.3%
HES	Sell	HESS CORP	$34,000	-74.4%	438	-78.1%	0.01%	-88.6%
WBC	Sell	WABCO HLDGS INC	$32,000	-64.0%	377	-68.3%	0.01%	-82.8%
RDC	New	ROWAN COMPANIES PLC	$29,000	–	801	–	0.00%	–
NTAP	Sell	NETAPP INC	$28,000	-24.3%	656	-32.2%	0.00%	-66.7%
DSW	New	DSW INCcl a	$27,000	–	318	–	0.00%	–
CBF	Sell	CAPITAL BK FINL CORP	$26,000	-53.6%	1,194	-59.2%	0.00%	-77.8%
LNC	Buy	LINCOLN NATL CORP IND	$24,000	+20.0%	576	+7.1%	0.00%	-42.9%
BZH	Sell	BEAZER HOMES USA INC	$23,000	-25.8%	1,262	-28.4%	0.00%	-60.0%
HIGWS	Sell	HARTFORD FINL SVCS GROUP INC*w exp 06/26/201	$29,000	-23.7%	1,303	-25.2%	0.00%	-69.2%
BERY	Sell	BERRY PLASTICS GROUP INC	$27,000	-32.5%	1,332	-25.8%	0.00%	-69.2%
FSC	Buy	FIFTH STREET FINANCE CORP	$27,000	+22.7%	2,579	+21.4%	0.00%	-42.9%
FIO	Sell	FUSION-IO INC	$22,000	-37.1%	1,615	-33.8%	0.00%	-75.0%
PBF	Buy	PBF ENERGY INCcl a	$20,000	-4.8%	870	+9.4%	0.00%	-57.1%
ASH	Sell	ASHLAND INC NEW	$16,000	-27.3%	178	-33.3%	0.00%	-71.4%
MPG	Sell	MPG OFFICE TR INC	$13,000	-27.8%	4,135	-26.2%	0.00%	-66.7%
WWAV	Buy	WHITEWAVE FOODS CO	$13,000	+44.4%	667	+24.9%	0.00%	-33.3%
DFODQ	New	DEAN FOODS CO NEW	$12,000	–	638	–	0.00%	–
CLMT	Sell	CALUMET SPECIALTY PRODS PTNRut ltd partner	$12,000	-64.7%	456	-50.8%	0.00%	-81.8%
CF	Sell	CF INDS HLDGS INC	$10,000	-9.1%	46	-29.2%	0.00%	-50.0%
BYD	Sell	BOYD GAMING CORP	$12,000	-58.6%	837	-67.9%	0.00%	-80.0%
TER	Sell	TERADYNE INC	$6,000	-33.3%	346	-32.8%	0.00%	-66.7%
TEN	Sell	TENNECO INC	$5,000	-28.6%	107	-33.1%	0.00%	-50.0%
BIOF	Buy	BIOFUEL ENERGY CORP	$7,000	+40.0%	1,810	+18.7%	0.00%	-50.0%
GMWSA	Sell	GENERAL MTRS CO*w exp 07/10/201	$5,000	-16.7%	179	-24.2%	0.00%	-50.0%
CP	Sell	CANADIAN PAC RY LTD	$7,000	-53.3%	58	-52.1%	0.00%	-80.0%
VLO	Sell	VALERO ENERGY CORP NEW	$8,000	-38.5%	226	-39.4%	0.00%	-75.0%
CIM	Sell	CHIMERA INVT CORP	$9,000	-52.6%	2,949	-52.8%	0.00%	-83.3%
ISS	Sell	ISOFTSTONE HLDGS LTDsponsored ads	$2,000	-77.8%	314	-82.0%	0.00%	-100.0%
PGEM	New	PLY GEM HLDGS INC	$2,000	–	153	–	0.00%	–
GMWSB	Sell	GENERAL MTRS CO*w exp 07/10/201	$3,000	-25.0%	179	-24.5%	0.00%	-100.0%
SYMM	Exit	SYMMETRICOM INC	$0	–	-569	–	-0.00%	–
HTHT	Exit	CHINA LODGING GROUP LTDsponsored adr	$0	–	-382	–	-0.00%	–
MFA	Exit	MFA FINL INC	$0	–	-1,212	–	-0.00%	–
WWAVB	Exit	WHITEWAVE FOODS CO	$0	–	-760	–	-0.00%	–
RJETQ	Exit	REPUBLIC AWYS HLDGS INC	$0	–	-1,041	–	-0.00%	–
TSRA	Exit	TESSERA TECHNOLOGIES INC	$0	–	-731	–	-0.01%	–
YNDX	Exit	YANDEX N V	$0	–	-574	–	-0.01%	–
PACT	Exit	PACTERA TECHNOLOGY INTL LTDsponsored adr	$0	–	-2,570	–	-0.01%	–
DF	Exit	DEAN FOODS CO NEW	$0	–	-2,091	–	-0.01%	–
FSTO	Exit	FOREST OIL CORP	$0	–	-5,518	–	-0.01%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-2,037	–	-0.01%	–
ACM	Exit	AECOM TECHONOLOGY CORP DELAWA	$0	–	-1,225	–	-0.01%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-623	–	-0.01%	–
NBHC	Exit	NATIONAL BK HLDGS CORPcl a	$0	–	-2,328	–	-0.02%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-3,760	–	-0.02%	–
CFX	Exit	COLFAX CORP	$0	–	-1,186	–	-0.02%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-723	–	-0.03%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-695	–	-0.03%	–
ITUB	Exit	ITAU UNIBANCO HLDG SAspon adr rep pfo	$0	–	-8,690	–	-0.04%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-1,787	–	-0.04%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-1,849	–	-0.04%	–
S	Exit	SPRINT NEXTEL CORP	$0	–	-22,273	–	-0.05%	–
CHN	Exit	CHINA FD INC	$0	–	-8,403	–	-0.06%	–
IFN	Exit	INDIA FD INC	$0	–	-8,704	–	-0.06%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-3,730	–	-0.06%	–
YHOO	Exit	YAHOO INC	$0	–	-8,150	–	-0.07%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-5,658	–	-0.08%	–
LXRX	Exit	LEXICON PHARMACEUTICALS INC	$0	–	-136,528	–	-0.10%	–
SBY	Exit	SILVER BAY RLTY TR CORP	$0	–	-27,546	–	-0.15%	–
AOS	Exit	SMITH A O	$0	–	-13,495	–	-0.16%	–
NWSA	Exit	NEWS CORPcl a	$0	–	-20,378	–	-0.22%	–
IBN	Exit	ICICI BK LTDadr	$0	–	-20,030	–	-0.25%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-40,000	–	-0.40%	–
SFD	Exit	SMITHFIELD FOODS INC	$0	–	-45,687	–	-0.49%	–
GDXJ	Exit	MARKET VECTORS ETF TRjr gold miners	$0	–	-193,300	–	-0.58%	–
TWO	Exit	TWO HBRS INVT CORP	$0	–	-204,236	–	-0.69%	–
EFC	Exit	ELLINGTON FINANCIAL LLC	$0	–	-121,170	–	-0.91%	–
AGNC	Exit	AMERICAN CAPITAL AGENCY CORP	$0	–	-129,300	–	-0.98%	–
DE	Exit	DEERE & CO	$0	–	-75,000	–	-2.01%	–
PTR	Exit	PETROCHINA CO LTDsponsored adr	$0	–	-60,000	–	-2.19%	–

Q2 2013

			Value		Shares		↓ Weighting
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$40,735,000	–	1,050,000	–	13.41%	–
EFA	New	ISHARES TRmsci eafe index	$20,055,000	–	350,000	–	6.60%	–
RSX	New	MARKET VECTORS ETF TRrussia etf	$13,849,000	–	550,000	–	4.56%	–
DEM	New	WISDOMTREE TRUSTemerg mkts etf	$13,291,000	–	275,000	–	4.38%	–
TM	New	TOYOTA MOTOR CORP	$9,050,000	–	75,000	–	2.98%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$7,766,000	–	150,000	–	2.56%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$7,328,000	–	400,000	–	2.41%	–
AAPL	New	APPLE INC	$7,285,000	–	18,373	–	2.40%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,277,000	–	85,984	–	2.40%	–
MA	New	MASTERCARD INCcl a	$7,181,000	–	12,500	–	2.36%	–
PTR	New	PETROCHINA CO LTDsponsored adr	$6,640,000	–	60,000	–	2.19%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$6,601,000	–	41,148	–	2.17%	–
DIS	New	DISNEY WALT CO	$6,402,000	–	101,376	–	2.11%	–
ADP	New	AUTO DATA PROCESSING IN	$6,197,000	–	90,000	–	2.04%	–
HD	New	HOME DEPOT INC	$6,198,000	–	80,000	–	2.04%	–
MS	New	MORGAN STANLEY	$6,108,000	–	250,000	–	2.01%	–
DE	New	DEERE & CO	$6,094,000	–	75,000	–	2.01%	–
MMM	New	3M CO	$6,014,000	–	55,000	–	1.98%	–
AXP	New	AMERICAN EXPRESS CO	$5,981,000	–	80,000	–	1.97%	–
C	New	CITIGROUP INC	$5,901,000	–	123,016	–	1.94%	–
KO	New	COCA COLA CO	$5,833,000	–	145,427	–	1.92%	–
MDLZ	New	MONDELEZ INTL INCcl a	$5,706,000	–	200,000	–	1.88%	–
GWW	New	GRAINGER W W INC	$5,674,000	–	22,500	–	1.87%	–
MON	New	MONSANTO CO NEW	$5,665,000	–	57,334	–	1.86%	–
QCOM	New	QUALCOMM INC	$5,616,000	–	91,927	–	1.85%	–
GRA	New	GRACE W R & CO DEL NEW	$5,506,000	–	65,518	–	1.81%	–
M	New	MACYS INC	$5,280,000	–	110,000	–	1.74%	–
HBI	New	HANESBRANDS INC	$5,142,000	–	100,000	–	1.69%	–
SLB	New	SCHLUMBERGER LTD	$5,016,000	–	70,000	–	1.65%	–
FDX	New	FEDEX CORP	$4,491,000	–	45,561	–	1.48%	–
EMC	New	E M C CORP MASS	$3,669,000	–	155,326	–	1.21%	–
AGNC	New	AMERICAN CAPITAL AGENCY CORP	$2,975,000	–	129,300	–	0.98%	–
EFC	New	ELLINGTON FINANCIAL LLC	$2,764,000	–	121,170	–	0.91%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$2,431,000	–	99,264	–	0.80%	–
TWO	New	TWO HBRS INVT CORP	$2,093,000	–	204,236	–	0.69%	–
GDXJ	New	MARKET VECTORS ETF TRjr gold miners	$1,771,000	–	193,300	–	0.58%	–
GD	New	GENERAL DYNAMICS CORP	$1,715,000	–	21,894	–	0.56%	–
SFD	New	SMITHFIELD FOODS INC	$1,496,000	–	45,687	–	0.49%	–
AIG	New	AMERICAL INTL GROUP INC	$1,311,000	–	29,323	–	0.43%	–
SIG	New	SIGNET JEWELERS LIMITED	$1,243,000	–	18,430	–	0.41%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$1,223,000	–	40,000	–	0.40%	–
GM	New	GENERAL MTRS CO	$985,000	–	29,584	–	0.32%	–
TDF	New	TEMPLETON DRAGON FD INC	$879,000	–	35,000	–	0.29%	–
FWLT	New	FOSTER WHEELER AG	$872,000	–	40,154	–	0.29%	–
BK	New	BANK NEW YORK MELLON CORP	$870,000	–	31,024	–	0.29%	–
IBN	New	ICICI BK LTDadr	$766,000	–	20,030	–	0.25%	–
GOOGL	New	GOOGLE INCcl a	$718,000	–	815	–	0.24%	–
NWSA	New	NEWS CORPcl a	$664,000	–	20,378	–	0.22%	–
AON	New	AON PLC	$653,000	–	10,144	–	0.22%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$622,000	–	53,080	–	0.20%	–
CI	New	CIGNA CORPORATION	$622,000	–	8,582	–	0.20%	–
SNDK	New	SANDISK CORP	$619,000	–	10,139	–	0.20%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$574,000	–	4,525	–	0.19%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$554,000	–	10,635	–	0.18%	–
V	New	VISA INC	$526,000	–	2,876	–	0.17%	–
PCLN	New	PRICELINE COM INC	$508,000	–	615	–	0.17%	–
KMI	New	KINDER MORGAN INC DEL	$499,000	–	13,075	–	0.16%	–
AOS	New	SMITH A O	$490,000	–	13,495	–	0.16%	–
AET	New	AETNA INC NEW	$478,000	–	7,527	–	0.16%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$477,000	–	433,557	–	0.16%	–
SBY	New	SILVER BAY RLTY TR CORP	$456,000	–	27,546	–	0.15%	–
ALXA	New	ALEXZA PHARMACEUTICALS INC	$429,000	–	98,914	–	0.14%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$417,000	–	6,747	–	0.14%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$413,000	–	4,754	–	0.14%	–
DELL	New	DELL INC	$395,000	–	29,680	–	0.13%	–
EEM	New	ISHARES TRmsci emerg mkt	$385,000	–	10,000	–	0.13%	–
MSFT	New	MICROSOFT CORP	$385,000	–	11,136	–	0.13%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$376,000	–	7,418	–	0.12%	–
UAL	New	UNITED CONTL HLDGS INC	$367,000	–	11,721	–	0.12%	–
DLTR	New	DOLLAR TREE INC	$366,000	–	7,190	–	0.12%	–
PXD	New	PIONEER NAT RES CO	$346,000	–	2,392	–	0.11%	–
NCR	New	NCR CORP NEW	$319,000	–	9,674	–	0.10%	–
GT	New	GOODYEAR TIRE & RUBR CO	$314,000	–	20,529	–	0.10%	–
EBAY	New	EBAY INC	$308,000	–	5,959	–	0.10%	–
WBMD	New	WEBMD HEALTH CORP	$299,000	–	10,189	–	0.10%	–
LXRX	New	LEXICON PHARMACEUTICALS INC	$296,000	–	136,528	–	0.10%	–
GPS	New	CAP INC DEL	$295,000	–	7,074	–	0.10%	–
MET	New	METLIFE INC	$291,000	–	6,370	–	0.10%	–
CSC	New	COMPUTER SCIENCES CORP	$279,000	–	6,375	–	0.09%	–
DG	New	DOLLAR GEN CORP NEW	$271,000	–	5,372	–	0.09%	–
OIS	New	OIL STS INTL INC	$260,000	–	2,810	–	0.09%	–
STX	New	SEAGATE TECHNOLOGY PLC	$254,000	–	5,658	–	0.08%	–
DAL	New	DELTA AIR LINES INC DEL	$253,000	–	13,507	–	0.08%	–
F	New	FORD MTR CO DEL	$250,000	–	16,128	–	0.08%	–
LCC	New	U S AIRWAYS GROUP INC	$239,000	–	14,528	–	0.08%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$224,000	–	7,245	–	0.07%	–
HCA	New	HCA HOLDINGS INC	$215,000	–	5,952	–	0.07%	–
ULTA	New	ULTA SALON COSMETCS & FRAG I	$208,000	–	2,074	–	0.07%	–
YHOO	New	YAHOO INC	$205,000	–	8,150	–	0.07%	–
LNG	New	CHEIERE ENERGY INC	$199,000	–	7,173	–	0.07%	–
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$196,000	–	1,586	–	0.06%	–
MJN	New	MEAD JOHNSON NUTRITION CO	$194,000	–	2,444	–	0.06%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$193,000	–	5,200	–	0.06%	–
RL	New	RALPH LAUREN CORPcl a	$190,000	–	1,094	–	0.06%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$189,000	–	3,021	–	0.06%	–
KMIWS	New	KINDER MORGAN INC DEL*w exp 05/25/201	$184,000	–	35,916	–	0.06%	–
VRSN	New	VERISIGN INC	$183,000	–	4,103	–	0.06%	–
CBS	New	CBS CORP NEWcl b	$182,000	–	3,730	–	0.06%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$182,000	–	2,105	–	0.06%	–
KORS	New	MICHAEL KORS HLDGS LTD	$174,000	–	2,805	–	0.06%	–
PFE	New	PFIZER INC	$171,000	–	6,089	–	0.06%	–
RIG	New	TRANSOCEAN LTD	$169,000	–	3,518	–	0.06%	–
BRCM	New	BROADCOM CORPcl a	$166,000	–	4,914	–	0.06%	–
CHN	New	CHINA FD INC	$168,000	–	8,403	–	0.06%	–
HUN	New	HUNTSMAN CORP	$168,000	–	10,158	–	0.06%	–
IFN	New	INDIA FD INC	$167,000	–	8,704	–	0.06%	–
ISRG	New	INTUITIVE SURGICAL INC	$157,000	–	310	–	0.05%	–
BAGL	New	EINSTEIN NOAH REST GROUP INC	$159,000	–	11,211	–	0.05%	–
S	New	SPRINT NEXTEL CORP	$156,000	–	22,273	–	0.05%	–
STNG	New	SCORPIO TANKERS INC	$151,000	–	16,776	–	0.05%	–
DST	New	DST SYS INC DEL	$152,000	–	2,319	–	0.05%	–
EQIX	New	EQUINIX INC	$147,000	–	797	–	0.05%	–
OC	New	OWENS CORNING NEW	$146,000	–	3,727	–	0.05%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$146,000	–	1,699	–	0.05%	–
SATS	New	ECHOSTAR CORPcl a	$146,000	–	3,724	–	0.05%	–
SBUX	New	STARBUCKS CORP	$140,000	–	2,137	–	0.05%	–
MGM	New	MGM RESORTS INTERNATIONAL	$139,000	–	9,417	–	0.05%	–
TRIP	New	TRIPADVISOR INC	$138,000	–	2,262	–	0.04%	–
WMB	New	WILLIAMS COS INC DEL	$137,000	–	4,230	–	0.04%	–
TDG	New	TRANSDIGM GROUP INC	$138,000	–	882	–	0.04%	–
LBTYA	New	LIBERTY GLOBAL PLC	$135,000	–	1,835	–	0.04%	–
HES	New	HESS CORP	$133,000	–	1,996	–	0.04%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$126,000	–	4,189	–	0.04%	–
LULU	New	LULULEMON ATHLETICA INC	$121,000	–	1,849	–	0.04%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$120,000	–	7,995	–	0.04%	–
ITUB	New	ITAU UNIBANCO HLDG SAspon adr rep pfo	$112,000	–	8,690	–	0.04%	–
COF	New	CAPITAL ONE FINL CORP	$112,000	–	1,787	–	0.04%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$110,000	–	1,918	–	0.04%	–
MNST	New	MONSTER BEVERAGE CORP	$106,000	–	1,740	–	0.04%	–
BEAV	New	B/E AEROSPACE INC	$106,000	–	1,680	–	0.04%	–
OAK	New	OAKTREE CAP GROUP LLCunit 99/99/9999	$104,000	–	1,975	–	0.03%	–
MAS	New	MASCO CORP	$96,000	–	4,907	–	0.03%	–
LBTYK	New	LIBERTY GLOBAL PLC	$93,000	–	1,370	–	0.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$95,000	–	2,275	–	0.03%	–
CME	New	CME GROUP INC	$93,000	–	1,224	–	0.03%	–
MHLD	New	MAIDEN HOLDINGS LTD	$92,000	–	8,168	–	0.03%	–
OII	New	OCEANEERING INTL INC	$90,000	–	1,248	–	0.03%	–
UTIW	New	UTI WORLDWIDE INCord	$91,000	–	5,546	–	0.03%	–
WHR	New	WHIRLPOOL CORP	$88,000	–	773	–	0.03%	–
WBC	New	WABCO HLDGS INC	$89,000	–	1,191	–	0.03%	–
PRU	New	PRUDENTIAL FINL INC	$86,000	–	1,171	–	0.03%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$84,000	–	695	–	0.03%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$81,000	–	723	–	0.03%	–
LM	New	LEGG MASON INC	$81,000	–	2,604	–	0.03%	–
WFT	New	WEATHERFORD INTERNATIONAL LT	$83,000	–	6,083	–	0.03%	–
JBHT	New	HUNT J B TRANS SVCS INC	$78,000	–	1,078	–	0.03%	–
JPM	New	JPMORGAN CHASE & CO	$73,000	–	1,375	–	0.02%	–
SEMG	New	SEMGROUP CORPcl a	$73,000	–	1,357	–	0.02%	–
LEG	New	LEGGETT & PLANTT INC	$70,000	–	2,243	–	0.02%	–
MWA	New	MUELLER WTR PRODS INC	$70,000	–	10,193	–	0.02%	–
SBH	New	SALLY BEAUTY HLDGS INC	$66,000	–	2,133	–	0.02%	–
CE	New	CELANESE CORP DEL	$65,000	–	1,444	–	0.02%	–
HRB	New	BLOCK H & R INC	$64,000	–	2,315	–	0.02%	–
CFX	New	COLFAX CORP	$62,000	–	1,186	–	0.02%	–
ERA	New	ERA GROUP INC	$60,000	–	2,313	–	0.02%	–
CKH	New	SEACOR HOLDINGS INC	$60,000	–	727	–	0.02%	–
CBF	New	CAPITAL BK FINL CORP	$56,000	–	2,923	–	0.02%	–
STRZA	New	STARZ	$54,000	–	2,431	–	0.02%	–
VOD	New	VODAFONE GROUP PLC NEWspons adr new	$47,000	–	1,650	–	0.02%	–
NBHC	New	NATIONAL BK HLDGS CORPcl a	$46,000	–	2,328	–	0.02%	–
NLY	New	ANNALY CAP MGMT INC	$47,000	–	3,760	–	0.02%	–
GRFS	New	GRIFOLS S Asp adr rep b nvt	$43,000	–	1,494	–	0.01%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$42,000	–	843	–	0.01%	–
BAC	New	BANK OF AMERICA CORPORATION	$44,000	–	3,396	–	0.01%	–
SEE	New	SEALED AIR CORP NEW	$44,000	–	1,829	–	0.01%	–
WDC	New	WESTERN DIGITAL CORP	$39,000	–	623	–	0.01%	–
BERY	New	BERRY PLASTICS GROUP INC	$40,000	–	1,795	–	0.01%	–
HIGWS	New	HARTFORD FINL SVCS GROUP INC*w exp 06/26/201	$38,000	–	1,743	–	0.01%	–
RLGY	New	REALOGY HOLDINGS CORP	$40,000	–	829	–	0.01%	–
ACM	New	AECOM TECHONOLOGY CORP DELAWA	$39,000	–	1,225	–	0.01%	–
NTAP	New	NETAPP INC	$37,000	–	967	–	0.01%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$37,000	–	1,711	–	0.01%	–
FIO	New	FUSION-IO INC	$35,000	–	2,441	–	0.01%	–
GOLD	New	BARRICK GOLD CORP	$32,000	–	2,037	–	0.01%	–
STBZ	New	STATE BK FINL CORP	$32,000	–	2,172	–	0.01%	–
CLMT	New	CALUMET SPECIALTY PRODS PTNRut ltd partner	$34,000	–	927	–	0.01%	–
BZH	New	BEAZER HOMES USA INC	$31,000	–	1,763	–	0.01%	–
BYD	New	BOYD GAMING CORP	$29,000	–	2,606	–	0.01%	–
FSTO	New	FOREST OIL CORP	$23,000	–	5,518	–	0.01%	–
IAC	New	IAC INTERACTIVECORP	$22,000	–	459	–	0.01%	–
PBF	New	PBF ENERGY INCcl a	$21,000	–	795	–	0.01%	–
ASH	New	ASHLAND INC	$22,000	–	267	–	0.01%	–
LNC	New	LINCOLN NATL CORP IND	$20,000	–	538	–	0.01%	–
KBR	New	KBR INC	$20,000	–	624	–	0.01%	–
WDAY	New	WORKDAY INCcl a	$21,000	–	334	–	0.01%	–
DF	New	DEAN FOODS CO NEW	$21,000	–	2,091	–	0.01%	–
FSC	New	FIFTH STREET FINANCE CORP	$22,000	–	2,125	–	0.01%	–
CIM	New	CHIMERA INVT CORP	$19,000	–	6,242	–	0.01%	–
PACT	New	PACTERA TECHNOLOGY INTL LTDsponsored adr	$17,000	–	2,570	–	0.01%	–
MPG	New	MPG OFFICE TR INC	$18,000	–	5,606	–	0.01%	–
TSRA	New	TESSERA TECHNOLOGIES INC	$15,000	–	731	–	0.01%	–
FLR	New	FLUOR CORP NEW	$16,000	–	276	–	0.01%	–
CP	New	CANADIAN PAC RY LTD	$15,000	–	121	–	0.01%	–
YNDX	New	YANDEX N V	$16,000	–	574	–	0.01%	–
WWAVB	New	WHITEWAVE FOODS CO	$12,000	–	760	–	0.00%	–
VLO	New	VALERO ENERGY CORP NEW	$13,000	–	373	–	0.00%	–
RJETQ	New	REPUBLIC AWYS HLDGS INC	$12,000	–	1,041	–	0.00%	–
CF	New	CF INDS HLDGS INC	$11,000	–	65	–	0.00%	–
ISS	New	ISOFTSTONE HLDGS LTDsponsored ads	$9,000	–	1,742	–	0.00%	–
WWAV	New	WHITEWAVE FOODS CO	$9,000	–	534	–	0.00%	–
MFA	New	MFA FINL INC	$10,000	–	1,212	–	0.00%	–
TER	New	TERADYNE INC	$9,000	–	515	–	0.00%	–
HTHT	New	CHINA LODGING GROUP LTDsponsored adr	$6,000	–	382	–	0.00%	–
BIOF	New	BIOFUEL ENERGY CORP	$5,000	–	1,525	–	0.00%	–
GMWSA	New	GENERAL MTRS CO*w exp 07/10/201	$6,000	–	236	–	0.00%	–
TEN	New	TENNECO INC	$7,000	–	160	–	0.00%	–
SYMM	New	SYMMETRICOM INC	$3,000	–	569	–	0.00%	–
GMWSB	New	GENERAL MTRS CO*w exp 07/10/201	$4,000	–	237	–	0.00%	–

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