HARRIS ASSOCIATES L P Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
GOOGL	Sell	ALPHABET INCcap stk cl a	$3,073,439,889	-4.4%	23,486,473	-12.5%	5.98%	-1.1%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,299,951,162	+16.3%	5,229,301	-2.8%	4.48%	+20.3%
COF	Buy	CAPITAL ONE FINL CORP	$1,883,611,803	-9.8%	19,408,674	+1.7%	3.66%	-6.7%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$1,707,873,305	+3.8%	15,523,299	+6.7%	3.32%	+7.3%
FISV	Sell	FISERV INC	$1,693,151,117	-13.4%	14,988,944	-3.2%	3.30%	-10.4%
KKR	Sell	KKR & CO INC	$1,657,697,683	+1.5%	26,910,677	-7.7%	3.23%	+4.9%
COP	Sell	CONOCOPHILLIPS	$1,617,906,127	+4.4%	13,505,059	-9.7%	3.15%	+8.0%
IQV	Buy	IQVIA HLDGS INC	$1,554,915,939	+332.7%	7,903,004	+394.4%	3.03%	+347.6%
CNHI	Buy	CNH INDL N V	$1,501,637,840	-7.6%	123,079,130	+9.2%	2.92%	-4.5%
BAC	Sell	BANK AMERICA CORP	$1,434,767,238	-6.5%	52,402,017	-2.0%	2.79%	-3.3%
AIG	Buy	AMERICAN INTL GROUP INC	$1,386,143,973	+6.8%	22,873,663	+1.4%	2.70%	+10.4%
AMZN	Sell	AMAZON COM INC	$1,338,844,900	-34.2%	10,532,134	-32.6%	2.60%	-32.0%
GM	Sell	GENERAL MTRS CO	$1,170,775,992	-21.2%	35,510,342	-7.8%	2.28%	-18.6%
CBRE	Buy	CBRE GROUP INCcl a	$1,131,676,724	-4.8%	15,321,916	+4.0%	2.20%	-1.6%
SCHW	Sell	SCHWAB CHARLES CORP	$1,026,584,538	-4.0%	18,699,172	-0.9%	2.00%	-0.7%
EOG	Sell	EOG RES INC	$1,002,600,263	+1.6%	7,909,437	-8.3%	1.95%	+5.0%
WFC	Sell	WELLS FARGO CO NEW	$976,462,812	-4.8%	23,897,768	-0.6%	1.90%	-1.6%
CRM	Sell	SALESFORCE INC	$951,988,318	-10.9%	4,694,685	-7.2%	1.85%	-7.9%
ORCL	Sell	ORACLE CORP	$887,401,168	-38.3%	8,378,032	-30.6%	1.73%	-36.2%
WLTW	Buy	WILLIS TOWERS WATSON PLC LTD	$879,157,146	+5.7%	4,207,299	+19.1%	1.71%	+9.3%
KR	Buy	KROGER CO	$768,752,745	+64.9%	17,178,832	+73.2%	1.50%	+70.6%
CMCSA	Sell	COMCAST CORP NEWcl a	$754,627,588	+4.2%	17,019,116	-2.4%	1.47%	+7.7%
DHR	Buy	DANAHER CORPORATION	$735,343,330	+32.0%	2,963,899	+27.7%	1.43%	+36.4%
RYAAY	Sell	RYANAIR HOLDINGS PLCsponsored ads	$704,429,543	-14.4%	7,246,472	-2.6%	1.37%	-11.5%
	Buy	WARNER BROS DISCOVERY INC	$700,244,414	-13.2%	64,479,228	+0.2%	1.36%	-10.3%
ALLY	Buy	ALLY FINL INC	$697,870,112	-0.7%	26,157,051	+0.5%	1.36%	+2.6%
FCNCA	Sell	FIRST CTZNS BANCSHARES INC Ncl a	$681,805,102	+2.3%	494,026	-4.9%	1.33%	+5.8%
LBRDK	Buy	LIBERTY BROADBAND CORP	$614,214,187	+18.4%	6,725,955	+3.9%	1.20%	+22.4%
TEL	Sell	TE CONNECTIVITY LTD	$609,121,591	-29.5%	4,930,961	-20.0%	1.18%	-27.1%
CSCO	New	CISCO SYS INC	$588,418,776	–	10,945,290	–	1.14%	–
APA	Sell	APA CORPORATION	$548,196,875	+20.0%	13,338,123	-0.3%	1.07%	+24.1%
MAS	Sell	MASCO CORP	$514,662,553	-7.8%	9,628,860	-1.0%	1.00%	-4.8%
HCA	Sell	HCA HEALTHCARE INC	$488,109,241	-46.6%	1,984,345	-34.1%	0.95%	-44.8%
LAD	Sell	LITHIA MTRS INC	$486,541,704	-2.9%	1,647,451	-0.0%	0.95%	+0.4%
IPG	Buy	INTERPUBLIC GROUP COS INC	$477,478,296	-7.5%	16,660,094	+24.5%	0.93%	-4.4%
C	Buy	CITIGROUP INC	$458,619,290	-7.7%	11,150,481	+3.3%	0.89%	-4.6%
STT	Sell	STATE STR CORP	$439,143,251	-11.8%	6,558,292	-3.6%	0.85%	-9.0%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$438,083,110	+2.2%	2,917,054	-0.9%	0.85%	+5.7%
AXP	Buy	AMERICAN EXPRESS CO	$436,193,042	+34.0%	2,923,742	+56.5%	0.85%	+38.5%
PH	Sell	PARKER-HANNIFIN CORP	$425,059,528	-51.9%	1,091,239	-51.8%	0.83%	-50.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$420,252,370	+0.8%	1,298,799	+0.5%	0.82%	+4.2%
BWA	Sell	BORGWARNER INC	$406,229,714	-18.1%	10,062,663	-0.8%	0.79%	-15.4%
MO	Buy	ALTRIA GROUP INC	$404,520,259	+23.9%	9,619,982	+33.5%	0.79%	+28.2%
OTEX	Buy	OPEN TEXT CORP	$404,143,720	-14.3%	11,515,807	+1.6%	0.79%	-11.4%
BLK	Sell	BLACKROCK INC	$364,386,977	-9.3%	563,639	-3.0%	0.71%	-6.2%
BK	Buy	BANK NEW YORK MELLON CORP	$356,964,313	+12.9%	8,369,620	+17.9%	0.70%	+16.8%
LBTYA	Sell	LIBERTY GLOBAL PLC	$349,705,772	+0.2%	20,426,739	-1.3%	0.68%	+3.5%
GPN	Buy	GLOBAL PMTS INC	$321,993,953	+43.2%	2,790,484	+22.2%	0.63%	+48.2%
TFC	Buy	TRUIST FINL CORP	$306,541,712	-2.8%	10,714,495	+3.1%	0.60%	+0.5%
	Buy	COREBRIDGE FINL INC	$300,891,230	+22.6%	15,234,999	+9.6%	0.58%	+26.6%
RGA	Sell	REINSURANCE GRP OF AMERICA I	$298,548,695	+3.1%	2,056,262	-1.5%	0.58%	+6.6%
FBHS	Sell	FORTUNE BRANDS INNOVATIONS I	$297,018,086	-15.4%	4,778,283	-2.1%	0.58%	-12.6%
BAX	Buy	BAXTER INTL INC	$289,857,723	+162.3%	7,680,385	+216.6%	0.56%	+171.2%
MGA	Buy	MAGNA INTL INC	$282,271,942	+49.0%	5,265,285	+56.9%	0.55%	+53.8%
MCO	Sell	MOODYS CORP	$280,429,132	-28.3%	886,957	-21.1%	0.55%	-25.8%
CNC	New	CENTENE CORP DEL	$274,274,447	–	3,981,917	–	0.53%	–
CVS	Buy	CVS HEALTH CORP	$273,645,156	+291.2%	3,919,295	+287.3%	0.53%	+303.0%
FB	Sell	META PLATFORMS INCcl a	$272,698,050	-35.3%	908,358	-38.2%	0.53%	-33.1%
GOOG	Sell	ALPHABET INCcap stk cl c	$258,582,440	+0.2%	1,961,187	-8.0%	0.50%	+3.5%
CSL	Sell	CARLISLE COS INC	$251,625,361	-12.2%	970,552	-13.1%	0.49%	-9.1%
NVST	Buy	ENVISTA HOLDINGS CORPORATION	$251,227,210	+19.7%	9,011,019	+45.3%	0.49%	+23.8%
THO	Sell	THOR INDS INC	$248,815,281	-20.1%	2,615,529	-13.1%	0.48%	-17.4%
CTVA	New	CORTEVA INC	$246,423,449	–	4,816,721	–	0.48%	–
CE	Buy	CELANESE CORP DEL	$235,282,881	+13.1%	1,874,465	+4.4%	0.46%	+17.1%
PSX	New	PHILLIPS 66	$228,943,180	–	1,905,478	–	0.44%	–
V	Sell	VISA INC	$220,869,633	-32.9%	960,261	-30.7%	0.43%	-30.5%
EFX	Sell	EQUIFAX INC	$202,560,187	-32.6%	1,105,799	-13.5%	0.39%	-30.4%
EBAY	Buy	EBAY INC.	$200,464,861	-0.5%	4,546,719	+0.9%	0.39%	+2.9%
SEE	Buy	SEALED AIR CORP NEW	$199,547,148	+21.7%	6,072,646	+48.2%	0.39%	+25.6%
PINS	Sell	PINTEREST INCcl a	$176,023,489	-43.2%	6,512,153	-42.6%	0.34%	-41.3%
DIS	Buy	DISNEY WALT CO	$166,747,928	-6.4%	2,057,346	+3.1%	0.32%	-3.3%
WEN	Buy	WENDYS CO	$158,116,195	+29.8%	7,746,996	+38.3%	0.31%	+34.5%
	New	HOWARD HUGHES HOLDINGS INC	$156,064,703	–	2,105,284	–	0.30%	–
PHM	Sell	PULTE GROUP INC	$144,756,086	-53.0%	1,954,842	-50.7%	0.28%	-51.3%
CRI	Sell	CARTERS INC	$122,559,178	-6.4%	1,772,367	-1.7%	0.24%	-3.3%
LEA	Sell	LEAR CORP	$111,651,582	-43.8%	831,979	-39.9%	0.22%	-42.0%
	New	WARNER BROS DISCOVERY INCcall	$108,600,000	–	10,000,000	–	0.21%	–
WMG	Sell	WARNER MUSIC GROUP CORP	$93,334,616	+10.6%	2,972,440	-8.1%	0.18%	+14.5%
VIPS	Sell	VIPSHOP HLDGS LTDsponsored ads a	$92,055,915	-36.1%	5,749,901	-34.2%	0.18%	-33.9%
WDAY	Sell	WORKDAY INCcl a	$91,469,380	-80.5%	425,736	-79.5%	0.18%	-79.8%
BC	New	BRUNSWICK CORP	$85,904,284	–	1,087,396	–	0.17%	–
KAR	Buy	OPENLANE INC	$62,235,065	-1.5%	4,171,251	+0.5%	0.12%	+1.7%
MA	Sell	MASTERCARD INCORPORATEDcl a	$58,450,372	-3.7%	147,636	-4.4%	0.11%	0.0%
	New	PHINIA INC	$53,654,424	–	2,002,778	–	0.10%	–
ABM	Buy	ABM INDS INC	$38,651,661	-1.2%	966,050	+5.4%	0.08%	+1.4%
BKNG	Sell	BOOKING HOLDINGS INC	$37,284,956	-86.6%	12,090	-88.2%	0.07%	-86.0%
NFLX	Sell	NETFLIX INC	$35,401,888	-69.6%	93,755	-64.5%	0.07%	-68.5%
ACVA	Sell	ACV AUCTIONS INC	$33,865,168	-12.4%	2,230,907	-0.4%	0.07%	-9.6%
ALV	Sell	AUTOLIV INC	$31,704,775	-7.8%	328,615	-18.7%	0.06%	-4.6%
GIL	Buy	GILDAN ACTIVEWEAR INC	$30,877,529	-10.7%	1,101,700	+2.7%	0.06%	-7.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$27,914,006	-81.1%	79,686	-81.6%	0.05%	-80.5%
ALSN	Sell	ALLISON TRANSMISSION HLDGS I	$27,419,786	-5.6%	464,270	-9.7%	0.05%	-3.6%
AAPL	Sell	APPLE INC	$25,432,047	-14.5%	148,543	-3.1%	0.05%	-12.5%
GRFS	Sell	GRIFOLS S Asp adr rep b nvt	$25,284,896	-0.3%	2,766,400	-0.1%	0.05%	+2.1%
FLS	Sell	FLOWSERVE CORP	$25,086,041	-80.3%	630,778	-81.6%	0.05%	-79.6%
CIGI	Sell	COLLIERS INTL GROUP INC	$21,268,127	-13.7%	223,340	-11.1%	0.04%	-10.9%
CWK	Sell	CUSHMAN WAKEFIELD PLC	$21,237,070	-34.9%	2,787,017	-30.1%	0.04%	-32.8%
JCI	Sell	JOHNSON CTLS INTL PLC	$17,991,578	-23.0%	338,124	-1.5%	0.04%	-20.5%
NOV	Sell	NOV INC	$17,520,470	+22.9%	838,300	-5.7%	0.03%	+25.9%
FERG	New	FERGUSON PLC NEW	$16,743,046	–	101,800	–	0.03%	–
MAN	Sell	MANPOWERGROUP INC WIS	$17,133,390	-76.8%	233,680	-74.9%	0.03%	-76.3%
SPNS	Buy	SAPIENS INTL CORP N V	$11,653,457	+32.1%	409,900	+23.6%	0.02%	+35.3%
TXN	Sell	TEXAS INSTRS INC	$10,807,751	-24.3%	67,969	-14.3%	0.02%	-22.2%
DOV	Sell	DOVER CORP	$3,650,558	-23.5%	26,167	-19.0%	0.01%	-22.2%
LBRDA	Buy	LIBERTY BROADBAND CORP	$3,725,037	+38.3%	40,975	+21.3%	0.01%	+40.0%
DEO	Sell	DIAGEO PLCspon adr new	$2,827,409	-16.6%	18,953	-3.1%	0.01%	0.0%
MTN	Buy	VAIL RESORTS INC	$2,960,013	+28.3%	13,340	+45.6%	0.01%	+50.0%
	Sell	MASTERBRAND INC	$2,700,216	-2.6%	222,240	-6.8%	0.01%	0.0%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$1,979,973	-69.9%	8,230	-72.5%	0.00%	-66.7%
SPGI	Sell	S&P GLOBAL INC	$1,679,059	-19.9%	4,595	-12.1%	0.00%	-25.0%
IT	Sell	GARTNER INC	$1,383,374	-8.6%	4,026	-6.8%	0.00%	0.0%
TMUS	Sell	T-MOBILE US INC	$1,055,977	-47.7%	7,540	-48.1%	0.00%	-50.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$796,620	-19.3%	1,580	-23.0%	0.00%	0.0%
NDAQ	Sell	NASDAQ INC	$1,225,537	-14.4%	25,222	-12.1%	0.00%	-33.3%
CVX	Buy	CHEVRON CORP NEW	$946,970	+225.3%	5,616	+203.6%	0.00%	+100.0%
CFG	Sell	CITIZENS FINL GROUP INC	$859,610	-8.7%	32,075	-11.1%	0.00%	0.0%
HRI	Sell	HERC HLDGS INC	$1,259,575	-31.6%	10,590	-21.3%	0.00%	-33.3%
CMI	Sell	CUMMINS INC	$867,463	-57.0%	3,797	-53.8%	0.00%	-50.0%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$934,549	-54.4%	20,517	-51.5%	0.00%	-50.0%
CPRI	Sell	CAPRI HOLDINGS LIMITED	$631,320	-0.5%	12,000	-32.1%	0.00%	0.0%
HWM	Sell	HOWMET AEROSPACE INC	$346,875	-30.0%	7,500	-25.0%	0.00%	0.0%
REYN	Sell	REYNOLDS CONSUMER PRODS INC	$380,606	-81.3%	14,850	-79.4%	0.00%	-75.0%
FITB	Sell	FIFTH THIRD BANCORP	$567,265	-11.7%	22,395	-8.6%	0.00%	0.0%
MSFT	Sell	MICROSOFT CORP	$576,244	-31.4%	1,825	-26.0%	0.00%	-50.0%
PM	Sell	PHILIP MORRIS INTL INC	$751,935	-7.2%	8,122	-2.1%	0.00%	-50.0%
CAT	Sell	CATERPILLAR INC	$491,400	-52.7%	1,800	-57.4%	0.00%	-50.0%
CHX	Sell	CHAMPIONX CORPORATION	$737,334	-93.8%	20,700	-94.6%	0.00%	-95.5%
KDP	Sell	KEURIG DR PEPPER INC	$288,550	-94.4%	9,140	-94.4%	0.00%	-90.0%
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-1,672	–	0.00%	–
HUM	Exit	HUMANA INC	$0	–	-1,245	–	-0.00%	–
POST	Exit	POST HLDGS INC	$0	–	-3,475	–	-0.00%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,977	–	-0.00%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-1,239	–	-0.00%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-878	–	-0.00%	–
MCD	Exit	MCDONALDS CORP	$0	–	-900	–	-0.00%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-5,283	–	-0.00%	–
TKR	Exit	TIMKEN CO	$0	–	-12,355	–	-0.00%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-6,590	–	-0.00%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-43,216	–	-0.01%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-26,805	–	-0.02%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-215,341	–	-0.06%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-864,439	–	-0.13%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-1,436,693	–	-0.19%	–
PCAR	Exit	PACCAR INC	$0	–	-1,583,096	–	-0.25%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-2,104,276	–	-0.31%	–

Q2 2023

			Value		Shares		↓ Weighting
GOOGL	New	ALPHABET INCcap stk cl a	$3,214,032,390	–	26,850,730	–	6.05%	–
COF	New	CAPITAL ONE FINL CORP	$2,087,884,421	–	19,090,102	–	3.93%	–
AMZN	New	AMAZON COM INC	$2,036,046,964	–	15,618,648	–	3.83%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$1,977,121,873	–	5,381,827	–	3.72%	–
FISV	New	FISERV INC	$1,954,223,023	–	15,491,265	–	3.68%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$1,645,424,755	–	14,550,979	–	3.10%	–
KKR	New	KKR & CO INC	$1,632,977,385	–	29,160,310	–	3.07%	–
CNHI	New	CNH INDL N V	$1,624,966,462	–	112,756,552	–	3.06%	–
COP	New	CONOCOPHILLIPS	$1,549,498,775	–	14,955,108	–	2.92%	–
BAC	New	BANK AMERICA CORP	$1,533,835,437	–	53,462,371	–	2.89%	–
GM	New	GENERAL MTRS CO	$1,485,909,001	–	38,534,984	–	2.80%	–
ORCL	New	ORACLE CORP	$1,438,331,673	–	12,077,686	–	2.71%	–
AIG	New	AMERICAN INTL GROUP INC	$1,297,419,877	–	22,548,138	–	2.44%	–
CBRE	New	CBRE GROUP INCcl a	$1,189,282,397	–	14,735,255	–	2.24%	–
SCHW	New	SCHWAB CHARLES CORP	$1,069,278,868	–	18,865,188	–	2.01%	–
CRM	New	SALESFORCE INC	$1,068,231,218	–	5,056,476	–	2.01%	–
WFC	New	WELLS FARGO CO NEW	$1,025,900,339	–	24,037,028	–	1.93%	–
EOG	New	EOG RES INC	$986,928,068	–	8,623,978	–	1.86%	–
HCA	New	HCA HEALTHCARE INC	$914,483,230	–	3,013,323	–	1.72%	–
PH	New	PARKER-HANNIFIN CORP	$883,155,127	–	2,264,268	–	1.66%	–
TEL	New	TE CONNECTIVITY LTD	$864,028,624	–	6,164,588	–	1.63%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$831,804,691	–	3,532,080	–	1.57%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$822,918,968	–	7,440,497	–	1.55%	–
	New	WARNER BROS DISCOVERY INC	$807,088,932	–	64,361,159	–	1.52%	–
CMCSA	New	COMCAST CORP NEWcl a	$724,263,446	–	17,431,130	–	1.36%	–
ALLY	New	ALLY FINL INC	$703,110,588	–	26,031,492	–	1.32%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC Ncl a	$666,482,167	–	519,290	–	1.25%	–
MAS	New	MASCO CORP	$558,215,255	–	9,728,394	–	1.05%	–
DHR	New	DANAHER CORPORATION	$557,073,600	–	2,321,140	–	1.05%	–
LBRDK	New	LIBERTY BROADBAND CORP	$518,575,296	–	6,473,290	–	0.98%	–
IPG	New	INTERPUBLIC GROUP COS INC	$516,279,826	–	13,382,059	–	0.97%	–
LAD	New	LITHIA MTRS INC	$501,129,488	–	1,647,856	–	0.94%	–
STT	New	STATE STR CORP	$498,116,099	–	6,806,725	–	0.94%	–
C	New	CITIGROUP INC	$496,907,807	–	10,792,958	–	0.94%	–
BWA	New	BORGWARNER INC	$496,244,846	–	10,146,082	–	0.93%	–
OTEX	New	OPEN TEXT CORP	$471,513,215	–	11,338,207	–	0.89%	–
WDAY	New	WORKDAY INCcl a	$468,498,807	–	2,074,013	–	0.88%	–
KR	New	KROGER CO	$466,176,042	–	9,918,639	–	0.88%	–
APA	New	APA CORPORATION	$457,005,243	–	13,374,458	–	0.86%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$428,444,400	–	2,943,624	–	0.81%	–
FB	New	META PLATFORMS INCcl a	$421,777,571	–	1,469,711	–	0.79%	–
GS	New	GOLDMAN SACHS GROUP INC	$417,010,376	–	1,292,895	–	0.78%	–
BLK	New	BLACKROCK INC	$401,674,672	–	581,177	–	0.76%	–
MCO	New	MOODYS CORP	$391,132,038	–	1,124,848	–	0.74%	–
IQV	New	IQVIA HLDGS INC	$359,312,774	–	1,598,580	–	0.68%	–
FBHS	New	FORTUNE BRANDS INNOVATIONS I	$351,100,584	–	4,879,786	–	0.66%	–
LBTYA	New	LIBERTY GLOBAL PLC	$349,004,343	–	20,700,139	–	0.66%	–
V	New	VISA INC	$329,038,277	–	1,385,541	–	0.62%	–
MO	New	ALTRIA GROUP INC	$326,385,185	–	7,204,971	–	0.61%	–
AXP	New	AMERICAN EXPRESS CO	$325,516,737	–	1,868,638	–	0.61%	–
BK	New	BANK NEW YORK MELLON CORP	$316,103,147	–	7,100,250	–	0.60%	–
TFC	New	TRUIST FINL CORP	$315,266,090	–	10,387,680	–	0.59%	–
THO	New	THOR INDS INC	$311,386,369	–	3,008,564	–	0.59%	–
PINS	New	PINTEREST INCcl a	$310,166,043	–	11,344,771	–	0.58%	–
PHM	New	PULTE GROUP INC	$307,870,230	–	3,963,314	–	0.58%	–
EFX	New	EQUIFAX INC	$300,756,413	–	1,278,183	–	0.57%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$289,450,600	–	2,087,033	–	0.54%	–
CSL	New	CARLISLE COS INC	$286,527,281	–	1,116,935	–	0.54%	–
BKNG	New	BOOKING HOLDINGS INC	$277,704,934	–	102,841	–	0.52%	–
GOOG	New	ALPHABET INCcap stk cl c	$257,968,223	–	2,132,498	–	0.49%	–
	New	COREBRIDGE FINL INC	$245,395,166	–	13,895,536	–	0.46%	–
GPN	New	GLOBAL PMTS INC	$224,899,988	–	2,282,785	–	0.42%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$209,900,316	–	6,202,728	–	0.40%	–
CE	New	CELANESE CORP DEL	$207,955,841	–	1,795,819	–	0.39%	–
EBAY	New	EBAY INC.	$201,405,617	–	4,506,727	–	0.38%	–
LEA	New	LEAR CORP	$198,691,000	–	1,384,124	–	0.37%	–
MGA	New	MAGNA INTL INC	$189,458,313	–	3,356,809	–	0.36%	–
DIS	New	DISNEY WALT CO	$178,161,424	–	1,995,536	–	0.34%	–
HHC	New	HOWARD HUGHES CORP	$166,069,462	–	2,104,276	–	0.31%	–
SEE	New	SEALED AIR CORP NEW	$163,905,800	–	4,097,645	–	0.31%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$147,304,157	–	431,977	–	0.28%	–
VIPS	New	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$144,113,789	–	8,734,169	–	0.27%	–
PCAR	New	PACCAR INC	$132,425,973	–	1,583,096	–	0.25%	–
CRI	New	CARTERS INC	$130,959,220	–	1,803,846	–	0.25%	–
FLS	New	FLOWSERVE CORP	$127,364,131	–	3,428,375	–	0.24%	–
WEN	New	WENDYS CO	$121,806,623	–	5,600,304	–	0.23%	–
NFLX	New	NETFLIX INC	$116,365,565	–	264,173	–	0.22%	–
BAX	New	BAXTER INTL INC	$110,518,479	–	2,425,779	–	0.21%	–
PDCE	New	PDC ENERGY INC	$102,206,340	–	1,436,693	–	0.19%	–
WMG	New	WARNER MUSIC GROUP CORP	$84,352,362	–	3,233,130	–	0.16%	–
MAN	New	MANPOWERGROUP INC WIS	$73,990,449	–	931,870	–	0.14%	–
CVS	New	CVS HEALTH CORP	$69,952,578	–	1,011,899	–	0.13%	–
QSR	New	RESTAURANT BRANDS INTL INC	$67,011,311	–	864,439	–	0.13%	–
KAR	New	OPENLANE INC	$63,167,520	–	4,150,297	–	0.12%	–
MA	New	MASTERCARD INCORPORATEDcl a	$60,727,656	–	154,405	–	0.11%	–
ABM	New	ABM INDS INC	$39,103,653	–	916,850	–	0.07%	–
ACVA	New	ACV AUCTIONS INC	$38,674,576	–	2,239,408	–	0.07%	–
GIL	New	GILDAN ACTIVEWEAR INC	$34,584,914	–	1,072,900	–	0.06%	–
ALV	New	AUTOLIV INC	$34,390,176	–	404,400	–	0.06%	–
CWK	New	CUSHMAN WAKEFIELD PLC	$32,628,368	–	3,988,798	–	0.06%	–
DLTR	New	DOLLAR TREE INC	$30,901,434	–	215,341	–	0.06%	–
AAPL	New	APPLE INC	$29,737,929	–	153,312	–	0.06%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$29,043,927	–	514,416	–	0.06%	–
GRFS	New	GRIFOLS S Asp adr rep b nvt	$25,370,452	–	2,769,700	–	0.05%	–
CIGI	New	COLLIERS INTL GROUP INC	$24,640,932	–	251,140	–	0.05%	–
JCI	New	JOHNSON CTLS INTL PLC	$23,380,469	–	343,124	–	0.04%	–
NOV	New	NOV INC	$14,258,421	–	888,929	–	0.03%	–
TXN	New	TEXAS INSTRS INC	$14,279,546	–	79,322	–	0.03%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$13,107,377	–	26,805	–	0.02%	–
CHX	New	CHAMPIONX CORPORATION	$11,802,960	–	380,250	–	0.02%	–
SPNS	New	SAPIENS INTL CORP N V	$8,820,560	–	331,600	–	0.02%	–
CCK	New	CROWN HLDGS INC	$9,032,743	–	103,980	–	0.02%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$6,577,216	–	29,925	–	0.01%	–
EEFT	New	EURONET WORLDWIDE INC	$5,072,262	–	43,216	–	0.01%	–
KDP	New	KEURIG DR PEPPER INC	$5,149,481	–	164,678	–	0.01%	–
DOV	New	DOVER CORP	$4,770,719	–	32,311	–	0.01%	–
DEO	New	DIAGEO PLCspon adr new	$3,392,054	–	19,553	–	0.01%	–
LBRDA	New	LIBERTY BROADBAND CORP	$2,693,200	–	33,779	–	0.01%	–
	New	MASTERBRAND INC	$2,773,348	–	238,465	–	0.01%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$2,048,259	–	42,267	–	0.00%	–
CMI	New	CUMMINS INC	$2,015,951	–	8,223	–	0.00%	–
REYN	New	REYNOLDS CONSUMER PRODS INC	$2,038,125	–	72,146	–	0.00%	–
SPGI	New	S&P GLOBAL INC	$2,096,655	–	5,230	–	0.00%	–
TMUS	New	T-MOBILE US INC	$2,019,189	–	14,537	–	0.00%	–
MTN	New	VAIL RESORTS INC	$2,307,380	–	9,165	–	0.00%	–
IT	New	GARTNER INC	$1,513,690	–	4,321	–	0.00%	–
NDAQ	New	NASDAQ INC	$1,431,044	–	28,707	–	0.00%	–
HRI	New	HERC HLDGS INC	$1,841,454	–	13,456	–	0.00%	–
GD	New	GENERAL DYNAMICS CORP	$1,417,839	–	6,590	–	0.00%	–
PM	New	PHILIP MORRIS INTL INC	$809,953	–	8,297	–	0.00%	–
CAT	New	CATERPILLAR INC	$1,039,561	–	4,225	–	0.00%	–
MSFT	New	MICROSOFT CORP	$839,772	–	2,466	–	0.00%	–
TKR	New	TIMKEN CO	$1,130,853	–	12,355	–	0.00%	–
UNH	New	UNITEDHEALTH GROUP INC	$986,754	–	2,053	–	0.00%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$1,300,305	–	5,283	–	0.00%	–
CFG	New	CITIZENS FINL GROUP INC	$941,488	–	36,100	–	0.00%	–
FITB	New	FIFTH THIRD BANCORP	$642,145	–	24,500	–	0.00%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$634,356	–	17,675	–	0.00%	–
JPM	New	JPMORGAN CHASE & CO	$752,652	–	5,175	–	0.00%	–
MCD	New	MCDONALDS CORP	$268,569	–	900	–	0.00%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$450,372	–	1,016	–	0.00%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$517,810	–	1	–	0.00%	–
REGN	New	REGENERON PHARMACEUTICALS	$630,878	–	878	–	0.00%	–
ABBV	New	ABBVIE INC	$438,546	–	3,255	–	0.00%	–
THC	New	TENET HEALTHCARE CORP	$317,382	–	3,900	–	0.00%	–
POST	New	POST HLDGS INC	$301,109	–	3,475	–	0.00%	–
HWM	New	HOWMET AEROSPACE INC	$495,600	–	10,000	–	0.00%	–
CVX	New	CHEVRON CORP NEW	$291,098	–	1,850	–	0.00%	–
HUM	New	HUMANA INC	$556,677	–	1,245	–	0.00%	–
HII	New	HUNTINGTON INGALLS INDS INC	$281,996	–	1,239	–	0.00%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$532,162	–	3,977	–	0.00%	–
FANG	New	DIAMONDBACK ENERGY INC	$219,634	–	1,672	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-7,375	–	0.00%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-4,576	–	0.00%	–
SAP	Exit	SAP SEspon adr	$0	–	-2,480	–	0.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,175	–	-0.00%	–
TRN	Exit	TRINITY INDS INC	$0	–	-16,100	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-2,745	–	-0.00%	–
HAL	Exit	HALLIBURTON CO	$0	–	-33,593	–	-0.00%	–
INTC	Exit	INTEL CORP	$0	–	-25,000	–	-0.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,816	–	-0.00%	–
BAX	Exit	BAXTER INTL INC	$0	–	-9,052	–	-0.00%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,086	–	-0.00%	–
CAT	Exit	CATERPILLAR INC	$0	–	-6,775	–	-0.00%	–
AON	Exit	AON PLC	$0	–	-4,190	–	-0.00%	–
LBRDA	Exit	LIBERTY BROADBAND CORP	$0	–	-21,079	–	-0.00%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-6,725	–	-0.00%	–
TKR	Exit	TIMKEN CO	$0	–	-45,455	–	-0.00%	–
NDAQ	Exit	NASDAQ INC	$0	–	-47,991	–	-0.01%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,729	–	-0.01%	–
HRI	Exit	HERC HLDGS INC	$0	–	-34,411	–	-0.01%	–
DOV	Exit	DOVER CORP	$0	–	-36,393	–	-0.01%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-27,298	–	-0.01%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-77,791	–	-0.01%	–
QRVO	Exit	QORVO INC	$0	–	-86,872	–	-0.01%	–
ACVA	Exit	ACV AUCTIONS INC	$0	–	-1,343,655	–	-0.02%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-313,300	–	-0.02%	–
GRFS	Exit	GRIFOLS S Asp adr rep b nvt	$0	–	-1,742,600	–	-0.02%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-409,400	–	-0.02%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-265,121	–	-0.02%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-54,576	–	-0.02%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-57,254	–	-0.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-61,839	–	-0.02%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-97,672	–	-0.02%	–
ABM	Exit	ABM INDS INC	$0	–	-400,300	–	-0.03%	–
POST	Exit	POST HLDGS INC	$0	–	-238,282	–	-0.03%	–
REYN	Exit	REYNOLDS CONSUMER PRODS INC	$0	–	-882,998	–	-0.04%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-103,002	–	-0.04%	–
LW	Exit	LAMB WESTON HLDGS INC	$0	–	-299,306	–	-0.04%	–
AAPL	Exit	APPLE INC	$0	–	-167,483	–	-0.04%	–
ARMK	Exit	ARAMARK	$0	–	-780,014	–	-0.04%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-203,726	–	-0.05%	–
ALV	Exit	AUTOLIV INC	$0	–	-425,015	–	-0.05%	–
HUM	Exit	HUMANA INC	$0	–	-75,373	–	-0.06%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-4,066,528	–	-0.08%	–
WMG	Exit	WARNER MUSIC GROUP CORP	$0	–	-2,136,053	–	-0.08%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-1,046,060	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-736,859	–	-0.10%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-499,086	–	-0.11%	–
CMI	Exit	CUMMINS INC	$0	–	-378,596	–	-0.13%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-4,215,142	–	-0.14%	–
MAN	Exit	MANPOWERGROUP INC WIS	$0	–	-1,296,186	–	-0.14%	–
ARNC	Exit	ARCONIC CORPORATION	$0	–	-4,895,079	–	-0.14%	–
CWK	Exit	CUSHMAN WAKEFIELD PLC	$0	–	-7,550,485	–	-0.14%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-1,425,497	–	-0.15%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-1,982,296	–	-0.15%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-1,106,246	–	-0.18%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-928,056	–	-0.19%	–
CRI	Exit	CARTERS INC	$0	–	-1,738,979	–	-0.19%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-1,994,953	–	-0.19%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-2,124,455	–	-0.20%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-907,630	–	-0.20%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-2,310,603	–	-0.21%	–
WEN	Exit	WENDYS CO	$0	–	-6,905,227	–	-0.22%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-188,176	–	-0.22%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-5,324,469	–	-0.24%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-2,627,863	–	-0.24%	–
MCO	Exit	MOODYS CORP	$0	–	-612,137	–	-0.25%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-6,545,667	–	-0.27%	–
EBAY	Exit	EBAY INC.	$0	–	-4,504,975	–	-0.28%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-5,115,523	–	-0.29%	–
PCAR	Exit	PACCAR INC	$0	–	-2,105,612	–	-0.30%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,922,714	–	-0.30%	–
LIVN	Exit	LIVANOVA PLC	$0	–	-3,590,497	–	-0.30%	–
ETSY	Exit	ETSY INC	$0	–	-1,893,140	–	-0.32%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-1,786,455	–	-0.33%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-2,773,846	–	-0.34%	–
LAD	Exit	LITHIA MTRS INC	$0	–	-966,291	–	-0.35%	–
THO	Exit	THOR INDS INC	$0	–	-3,064,146	–	-0.36%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-5,605,718	–	-0.36%	–
PHM	Exit	PULTE GROUP INC	$0	–	-5,950,319	–	-0.37%	–
CSL	Exit	CARLISLE COS INC	$0	–	-797,447	–	-0.38%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,339,508	–	-0.38%	–
HWM	Exit	HOWMET AEROSPACE INC	$0	–	-7,475,013	–	-0.39%	–
VIPS	Exit	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$0	–	-28,670,782	–	-0.40%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,135,690	–	-0.42%	–
MAS	Exit	MASCO CORP	$0	–	-5,391,271	–	-0.42%	–
IT	Exit	GARTNER INC	$0	–	-935,733	–	-0.43%	–
NOV	Exit	NOV INC	$0	–	-16,051,337	–	-0.44%	–
EFX	Exit	EQUIFAX INC	$0	–	-1,518,330	–	-0.44%	–
TV	Exit	GRUPO TELEVISA S A Bspon adr rep ord	$0	–	-50,365,514	–	-0.45%	–
FCNCA	Exit	FIRST CTZNS BANCSHARES INC Ncl a	$0	–	-344,265	–	-0.46%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-5,543,569	–	-0.48%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,011,015	–	-0.48%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-11,871,107	–	-0.52%	–
PHG	Exit	KONINKLIJKE PHILIPS N V	$0	–	-20,233,663	–	-0.53%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-3,544,559	–	-0.54%	–
LEA	Exit	LEAR CORP	$0	–	-2,801,151	–	-0.56%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-2,309,161	–	-0.59%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-14,112,314	–	-0.60%	–
BWA	Exit	BORGWARNER INC	$0	–	-11,640,904	–	-0.61%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,570,371	–	-0.61%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,343,057	–	-0.66%	–
V	Exit	VISA INC	$0	–	-2,232,194	–	-0.66%	–
STT	Exit	STATE STR CORP	$0	–	-6,534,249	–	-0.67%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-3,815,370	–	-0.69%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-3,297,706	–	-0.70%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-14,265,001	–	-0.70%	–
APA	Exit	APA CORPORATION	$0	–	-13,354,110	–	-0.76%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-3,840,410	–	-0.78%	–
BLK	Exit	BLACKROCK INC	$0	–	-864,961	–	-0.80%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-34,201,918	–	-0.89%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,021,331	–	-0.90%	–
KDP	Exit	KEURIG DR PEPPER INC	$0	–	-15,531,867	–	-0.93%	–
RYAAY	Exit	RYANAIR HOLDINGS PLCsponsored ads	$0	–	-10,644,857	–	-1.04%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-55,389,592	–	-1.07%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-28,462,345	–	-1.11%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-2,763,009	–	-1.12%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-7,650,571	–	-1.18%	–
ALLY	Exit	ALLY FINL INC	$0	–	-26,796,400	–	-1.25%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-5,509,960	–	-1.25%	–
EOG	Exit	EOG RES INC	$0	–	-7,047,614	–	-1.32%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-11,221,265	–	-1.35%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-7,449,620	–	-1.38%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-4,116,528	–	-1.39%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-12,282,620	–	-1.39%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-21,250,108	–	-1.43%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-537,270	–	-1.48%	–
NFLX	Exit	NETFLIX INC	$0	–	-3,779,883	–	-1.49%	–
ORCL	Exit	ORACLE CORP	$0	–	-14,590,009	–	-1.49%	–
KKR	Exit	KKR & CO INC	$0	–	-21,107,271	–	-1.52%	–
CRM	Exit	SALESFORCE INC	$0	–	-6,563,115	–	-1.58%	–
C	Exit	CITIGROUP INC	$0	–	-22,995,184	–	-1.61%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-22,538,804	–	-1.79%	–
CNHI	Exit	CNH INDL N V	$0	–	-97,856,145	–	-1.87%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-41,825,471	–	-2.12%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-4,337,558	–	-2.20%	–
GM	Exit	GENERAL MTRS CO	$0	–	-41,530,506	–	-2.23%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-7,543,460	–	-2.32%	–
AMZN	Exit	AMAZON COM INC	$0	–	-13,525,869	–	-2.56%	–
FISV	Exit	FISERV INC	$0	–	-21,297,450	–	-3.34%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-34,120,901	–	-5.47%	–
	Exit	PELOTON INTERACTIVE INCnote2/1	$0	–	-20,100,000,000	–	-22.57%	–

Q3 2022

			Value		Shares		↓ Weighting
GOOGL	Buy	ALPHABET INCcap stk cl a	$3,263,664,000	-14.7%	34,120,901	+1842.9%	5.47%	-10.2%
FISV	Sell	FISERV INC	$1,992,802,000	-3.3%	21,297,450	-8.1%	3.34%	+1.8%
AMZN	Buy	AMAZON COM INC	$1,528,424,000	+7.3%	13,525,869	+0.9%	2.56%	+13.0%
HCA	Sell	HCA HEALTHCARE INC	$1,386,413,000	+6.5%	7,543,460	-2.6%	2.32%	+12.2%
GM	Sell	GENERAL MTRS CO	$1,332,714,000	-3.8%	41,530,506	-4.8%	2.23%	+1.3%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$1,315,798,000	-32.6%	4,337,558	+4.1%	2.20%	-29.0%
BAC	Sell	BK OF AMERICA CORP	$1,263,130,000	-17.9%	41,825,471	-15.4%	2.12%	-13.6%
CNHI	Buy	CNH INDL N V	$1,115,492,000	+0.1%	97,856,145	+1.4%	1.87%	+5.4%
AIG	Sell	AMERICAN INTL GROUP INC	$1,070,142,000	-19.6%	22,538,804	-13.4%	1.79%	-15.3%
C	Sell	CITIGROUP INC	$958,209,000	-19.9%	22,995,184	-11.6%	1.61%	-15.7%
CRM	Buy	SALESFORCE INC	$944,039,000	+13.9%	6,563,115	+30.7%	1.58%	+19.9%
KKR	Buy	KKR & CO INC	$907,613,000	+56.3%	21,107,271	+68.3%	1.52%	+64.6%
ORCL	Buy	ORACLE CORP	$891,011,000	+26.2%	14,590,009	+44.4%	1.49%	+32.8%
NFLX	Sell	NETFLIX INC	$889,935,000	+27.6%	3,779,883	-5.2%	1.49%	+34.3%
BKNG	Sell	BOOKING HOLDINGS INC	$882,847,000	-18.1%	537,270	-12.8%	1.48%	-13.8%
WFC	Buy	WELLS FARGO CO NEW	$854,680,000	+50.2%	21,250,108	+46.3%	1.43%	+58.2%
CBRE	Buy	CBRE GROUP INCcl a	$829,199,000	-1.9%	12,282,620	+7.0%	1.39%	+3.3%
WLTW	Buy	WILLIS TOWERS WATSON PLC LTD	$827,175,000	+9.1%	4,116,528	+7.2%	1.39%	+14.9%
TEL	Sell	TE CONNECTIVITY LTD	$822,139,000	-9.7%	7,449,620	-7.4%	1.38%	-4.9%
SCHW	Sell	SCHWAB CHARLES CORP	$806,473,000	+0.2%	11,221,265	-11.9%	1.35%	+5.5%
EOG	Sell	EOG RES INC	$787,430,000	-6.1%	7,047,614	-7.2%	1.32%	-1.1%
FB	Buy	META PLATFORMS INCcl a	$747,592,000	-13.3%	5,509,960	+3.0%	1.25%	-8.7%
ALLY	Buy	ALLY FINL INC	$745,744,000	-16.8%	26,796,400	+0.2%	1.25%	-12.3%
COF	Buy	CAPITAL ONE FINL CORP	$705,153,000	+31.6%	7,650,571	+48.8%	1.18%	+38.7%
PH	Buy	PARKER-HANNIFIN CORP	$669,505,000	+19.7%	2,763,009	+21.5%	1.12%	+26.1%
PINS	Sell	PINTEREST INCcl a	$663,172,000	+22.7%	28,462,345	-4.3%	1.11%	+29.2%
	New	WARNER BROS DISCOVERY INC	$636,980,000	–	55,389,592	–	1.07%	–
RYAAY	Buy	RYANAIR HOLDINGS PLCsponsored ads	$621,872,000	+3.4%	10,644,857	+19.0%	1.04%	+8.9%
KDP	Sell	KEURIG DR PEPPER INC	$556,351,000	-35.0%	15,531,867	-35.8%	0.93%	-31.6%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$539,736,000	-9.0%	2,021,331	-6.9%	0.90%	-4.1%
LBTYA	Sell	LIBERTY GLOBAL PLC	$533,208,000	-35.6%	34,201,918	-13.0%	0.89%	-32.2%
BLK	Sell	BLACKROCK INC	$475,971,000	-13.5%	864,961	-4.2%	0.80%	-8.8%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$463,230,000	-5.4%	3,840,410	-12.6%	0.78%	-0.4%
APA	Sell	APA CORPORATION	$456,577,000	-21.5%	13,354,110	-19.9%	0.76%	-17.4%
CMCSA	Sell	COMCAST CORP NEWcl a	$418,392,000	-34.0%	14,265,001	-11.7%	0.70%	-30.5%
RGA	Sell	REINSURANCE GRP OF AMERICA I	$414,885,000	-4.4%	3,297,706	-10.9%	0.70%	+0.7%
GPN	Buy	GLOBAL PMTS INC	$412,251,000	+8.8%	3,815,370	+11.4%	0.69%	+14.6%
STT	Buy	STATE STR CORP	$397,348,000	+2.4%	6,534,249	+3.8%	0.67%	+7.8%
V	Sell	VISA INC	$396,549,000	-15.0%	2,232,194	-5.8%	0.66%	-10.5%
GS	Buy	GOLDMAN SACHS GROUP INC	$393,583,000	+2.6%	1,343,057	+4.0%	0.66%	+8.0%
BWA	Sell	BORGWARNER INC	$365,524,000	-6.0%	11,640,904	-0.1%	0.61%	-1.0%
COP	Sell	CONOCOPHILLIPS	$365,393,000	-6.7%	3,570,371	-18.1%	0.61%	-1.8%
IPG	Sell	INTERPUBLIC GROUP COS INC	$361,275,000	-9.6%	14,112,314	-2.7%	0.60%	-4.9%
WDAY	Buy	WORKDAY INCcl a	$351,500,000	+30.3%	2,309,161	+19.4%	0.59%	+37.3%
LEA	Sell	LEAR CORP	$335,270,000	-13.0%	2,801,151	-8.5%	0.56%	-8.3%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$320,250,000	+29.6%	3,544,559	+34.9%	0.54%	+36.6%
PHG	Buy	KONINKLIJKE PHILIPS N V	$317,316,000	-13.3%	20,233,663	+19.1%	0.53%	-8.6%
OTEX	Buy	OPEN TEXT CORP	$313,354,000	-24.0%	11,871,107	+8.9%	0.52%	-20.0%
MA	Sell	MASTERCARD INCORPORATEDcl a	$287,472,000	-27.1%	1,011,015	-19.1%	0.48%	-23.1%
THC	Sell	TENET HEALTHCARE CORP	$285,937,000	-7.0%	5,543,569	-5.2%	0.48%	-2.0%
FCNCA	Sell	FIRST CTZNS BANCSHARES INC Ncl a	$274,527,000	+21.8%	344,265	-0.1%	0.46%	+28.1%
TV	Sell	GRUPO TELEVISA S A Bspon adr rep ord	$270,966,000	-44.4%	50,365,514	-15.5%	0.45%	-41.5%
EFX	Buy	EQUIFAX INC	$260,288,000	-4.7%	1,518,330	+1.6%	0.44%	+0.2%
NOV	Sell	NOV INC	$259,711,000	-14.1%	16,051,337	-10.2%	0.44%	-9.6%
IT	Sell	GARTNER INC	$258,908,000	-8.7%	935,733	-20.2%	0.43%	-3.8%
MAS	Buy	MASCO CORP	$251,719,000	+23.4%	5,391,271	+33.8%	0.42%	+30.2%
MO	Sell	ALTRIA GROUP INC	$247,760,000	-4.1%	6,135,690	-0.8%	0.42%	+1.0%
VIPS	Sell	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$241,122,000	-32.0%	28,670,782	-20.0%	0.40%	-28.4%
HWM	Sell	HOWMET AEROSPACE INC	$231,202,000	-21.5%	7,475,013	-20.2%	0.39%	-17.5%
GOOG	Buy	ALPHABET INCcap stk cl c	$224,944,000	-12.6%	2,339,508	+1889.4%	0.38%	-7.8%
CSL	Sell	CARLISLE COS INC	$223,612,000	+0.7%	797,447	-14.3%	0.38%	+6.2%
PHM	Buy	PULTE GROUP INC	$223,137,000	+16.4%	5,950,319	+23.1%	0.37%	+22.6%
BK	Sell	BANK NEW YORK MELLON CORP	$215,933,000	-15.8%	5,605,718	-8.8%	0.36%	-11.3%
THO	Sell	THOR INDS INC	$214,429,000	-10.2%	3,064,146	-4.1%	0.36%	-5.5%
LAD	Buy	LITHIA MTRS INC	$207,318,000	-16.8%	966,291	+6.6%	0.35%	-12.4%
LBRDK	Sell	LIBERTY BROADBAND CORP	$204,710,000	-45.6%	2,773,846	-14.7%	0.34%	-42.7%
TTWO	Buy	TAKE-TWO INTERACTIVE SOFTWAR	$194,723,000	-11.0%	1,786,455	+0.0%	0.33%	-6.3%
ETSY	Buy	ETSY INC	$189,559,000	+3362.3%	1,893,140	+2431.5%	0.32%	+3433.3%
LIVN	Sell	LIVANOVA PLC	$182,290,000	-21.2%	3,590,497	-3.0%	0.30%	-17.1%
DIS	Sell	DISNEY WALT CO	$181,369,000	-0.6%	1,922,714	-0.5%	0.30%	+4.8%
PCAR	Buy	PACCAR INC	$176,219,000	+1.8%	2,105,612	+0.2%	0.30%	+7.3%
ALSN	Sell	ALLISON TRANSMISSION HLDGS I	$172,700,000	-13.2%	5,115,523	-1.1%	0.29%	-8.8%
EBAY	Sell	EBAY INC.	$165,828,000	-18.6%	4,504,975	-7.9%	0.28%	-14.2%
FLS	Sell	FLOWSERVE CORP	$159,060,000	-19.6%	6,545,667	-5.2%	0.27%	-15.2%
MCO	Sell	MOODYS CORP	$148,817,000	-36.0%	612,137	-28.4%	0.25%	-32.7%
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$141,090,000	–	2,627,863	–	0.24%	–
UBER	New	UBER TECHNOLOGIES INC	$141,098,000	–	5,324,469	–	0.24%	–
REGN	Sell	REGENERON PHARMACEUTICALS	$129,629,000	-62.4%	188,176	-67.7%	0.22%	-60.4%
WEN	Buy	WENDYS CO	$129,059,000	+4.3%	6,905,227	+5.3%	0.22%	+9.6%
QSR	Sell	RESTAURANT BRANDS INTL INC	$122,878,000	-50.8%	2,310,603	-53.6%	0.21%	-48.1%
AXP	Sell	AMERICAN EXPRESS CO	$122,449,000	-49.0%	907,630	-47.6%	0.20%	-46.3%
HHC	Sell	HOWARD HUGHES CORP	$117,674,000	-18.6%	2,124,455	-0.0%	0.20%	-14.3%
PDCE	Buy	PDC ENERGY INC	$115,288,000	-5.9%	1,994,953	+0.3%	0.19%	-1.0%
CRI	Buy	CARTERS INC	$113,955,000	-5.8%	1,738,979	+1.3%	0.19%	-0.5%
FANG	Sell	DIAMONDBACK ENERGY INC	$111,793,000	-38.3%	928,056	-38.0%	0.19%	-35.1%
CVS	Sell	CVS HEALTH CORP	$105,503,000	-4.4%	1,106,246	-7.2%	0.18%	+0.6%
	Sell	GENERAL ELECTRIC CO	$88,253,000	-72.0%	1,425,497	-71.2%	0.15%	-70.5%
SEE	Buy	SEALED AIR CORP NEW	$88,232,000	-6.0%	1,982,296	+21.9%	0.15%	-0.7%
CWK	Sell	CUSHMAN WAKEFIELD PLC	$86,453,000	-34.2%	7,550,485	-12.5%	0.14%	-30.6%
MAN	Buy	MANPOWERGROUP INC WIS	$83,850,000	-12.9%	1,296,186	+2.9%	0.14%	-8.5%
ARNC	Sell	ARCONIC CORPORATION	$83,412,000	-39.9%	4,895,079	-1.1%	0.14%	-36.7%
CMI	Sell	CUMMINS INC	$77,049,000	-39.2%	378,596	-42.2%	0.13%	-36.1%
TMUS	Sell	T-MOBILE US INC	$66,963,000	-71.1%	499,086	-71.0%	0.11%	-69.6%
PM	Sell	PHILIP MORRIS INTL INC	$61,167,000	-50.5%	736,859	-41.1%	0.10%	-48.2%
JCI	Buy	JOHNSON CTLS INTL PLC	$51,487,000	+3.6%	1,046,060	+0.8%	0.09%	+8.9%
WMG	Sell	WARNER MUSIC GROUP CORP	$49,578,000	-6.1%	2,136,053	-1.4%	0.08%	-1.2%
KAR	Buy	KAR AUCTION SVCS INC	$45,423,000	+5.7%	4,066,528	+39.7%	0.08%	+11.8%
HUM	Sell	HUMANA INC	$36,570,000	-91.8%	75,373	-92.1%	0.06%	-91.4%
ALV	Sell	AUTOLIV INC	$28,319,000	-24.5%	425,015	-18.9%	0.05%	-21.7%
DLTR	Sell	DOLLAR TREE INC	$27,727,000	-25.3%	203,726	-14.4%	0.05%	-22.0%
ARMK	Sell	ARAMARK	$24,336,000	-1.6%	780,014	-3.4%	0.04%	+5.1%
LW	Sell	LAMB WESTON HLDGS INC	$23,160,000	-73.0%	299,306	-75.1%	0.04%	-71.5%
AAPL	Sell	APPLE INC	$23,146,000	+0.9%	167,483	-0.2%	0.04%	+8.3%
HII	Sell	HUNTINGTON INGALLS INDS INC	$22,815,000	-45.8%	103,002	-46.7%	0.04%	-43.3%
REYN	Sell	REYNOLDS CONSUMER PRODS INC	$22,967,000	-7.1%	882,998	-2.6%	0.04%	-2.6%
POST	Sell	POST HLDGS INC	$19,518,000	-71.8%	238,282	-71.7%	0.03%	-70.0%
TXN	Sell	TEXAS INSTRS INC	$15,118,000	-4.3%	97,672	-5.0%	0.02%	0.0%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$13,150,000	-62.1%	57,254	-61.5%	0.02%	-60.0%
GD	Sell	GENERAL DYNAMICS CORP	$13,120,000	-5.1%	61,839	-1.0%	0.02%	0.0%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$12,345,000	-1.0%	54,576	-8.1%	0.02%	+5.0%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$11,729,000	-41.6%	265,121	-39.4%	0.02%	-37.5%
GIL	Buy	GILDAN ACTIVEWEAR INC	$11,558,000	+79.1%	409,400	+82.6%	0.02%	+90.0%
GRFS	Buy	GRIFOLS S Asp adr rep b nvt	$10,734,000	-19.9%	1,742,600	+54.5%	0.02%	-14.3%
NVST	Sell	ENVISTA HOLDINGS CORPORATION	$10,279,000	-19.8%	313,300	-5.7%	0.02%	-15.0%
ACVA	Sell	ACV AUCTIONS INC	$9,661,000	+6.6%	1,343,655	-3.0%	0.02%	+14.3%
QRVO	Sell	QORVO INC	$6,899,000	-16.3%	86,872	-0.6%	0.01%	-7.7%
EEFT	Sell	EURONET WORLDWIDE INC	$5,893,000	-31.4%	77,791	-9.0%	0.01%	-28.6%
DEO	Sell	DIAGEO PLCspon adr new	$4,635,000	-4.1%	27,298	-1.7%	0.01%	0.0%
HRI	Sell	HERC HLDGS INC	$3,575,000	+1.2%	34,411	-12.2%	0.01%	0.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,398,000	-3.8%	6,729	-2.2%	0.01%	0.0%
NDAQ	Sell	NASDAQ INC	$2,720,000	-65.4%	47,991	-6.8%	0.01%	-58.3%
TKR	Buy	TIMKEN CO	$2,684,000	+51.1%	45,455	+35.8%	0.00%	+33.3%
LBRDA	Sell	LIBERTY BROADBAND CORP	$1,572,000	-36.4%	21,079	-3.2%	0.00%	-25.0%
AON	Sell	AON PLC	$1,122,000	-1.8%	4,190	-1.2%	0.00%	0.0%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$388,000	-98.1%	1,086	-98.0%	0.00%	-96.9%
ITW	Buy	ILLINOIS TOOL WKS INC	$496,000	+24.0%	2,745	+25.0%	0.00%	0.0%
HAL	Sell	HALLIBURTON CO	$827,000	-65.1%	33,593	-55.6%	0.00%	-75.0%
MU	New	MICRON TECHNOLOGY INC	$229,000	–	4,576	–	0.00%	–
SAP	New	SAP SEspon adr	$202,000	–	2,480	–	0.00%	–
RTLR	Exit	RATTLER MIDSTREAM LP	$0	–	-69,588	–	-0.00%	–
GOCO	Exit	GOHEALTH INC	$0	–	-2,233,687	–	-0.00%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-577,837	–	-0.05%	–

Q2 2022

			Value		Shares		↓ Weighting
	New	PELOTON INTERACTIVE INCnote2/1	$12,661,896,000	–	20,100,000,000	–	20.14%	–
GOOGL	New	ALPHABET INCcap stk cl a	$3,827,226,000	–	1,756,204	–	6.09%	–
FISV	New	FISERV INC	$2,061,425,000	–	23,169,883	–	3.28%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$1,951,571,000	–	4,165,307	–	3.10%	–
BAC	New	BK OF AMERICA CORP	$1,539,010,000	–	49,438,173	–	2.45%	–
AMZN	New	AMAZON COM INC	$1,424,131,000	–	13,408,633	–	2.27%	–
GM	New	GENERAL MTRS CO	$1,385,225,000	–	43,615,406	–	2.20%	–
AIG	New	AMERICAN INTL GROUP INC	$1,330,774,000	–	26,027,259	–	2.12%	–
HCA	New	HCA HEALTHCARE INC	$1,301,714,000	–	7,745,529	–	2.07%	–
C	New	CITIGROUP INC	$1,196,501,000	–	26,016,567	–	1.90%	–
CNHI	New	CNH INDL N V	$1,114,805,000	–	96,534,929	–	1.77%	–
BKNG	New	BOOKING HOLDINGS INC	$1,078,047,000	–	616,383	–	1.72%	–
TEL	New	TE CONNECTIVITY LTD	$910,534,000	–	8,047,140	–	1.45%	–
ALLY	New	ALLY FINL INC	$896,432,000	–	26,751,182	–	1.43%	–
FB	New	META PLATFORMS INCcl a	$862,616,000	–	5,349,549	–	1.37%	–
KDP	New	KEURIG DR PEPPER INC	$856,165,000	–	24,192,294	–	1.36%	–
CBRE	New	CBRE GROUP INCcl a	$844,886,000	–	11,477,868	–	1.34%	–
EOG	New	EOG RES INC	$838,364,000	–	7,591,122	–	1.33%	–
CRM	New	SALESFORCE INC	$829,019,000	–	5,023,137	–	1.32%	–
LBTYA	New	LIBERTY GLOBAL PLC	$827,965,000	–	39,333,248	–	1.32%	–
SCHW	New	SCHWAB CHARLES CORP	$804,618,000	–	12,735,326	–	1.28%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$758,064,000	–	3,840,436	–	1.21%	–
ORCL	New	ORACLE CORP	$706,191,000	–	10,107,225	–	1.12%	–
NFLX	New	NETFLIX INC	$697,514,000	–	3,988,753	–	1.11%	–
CMCSA	New	COMCAST CORP NEWcl a	$634,187,000	–	16,161,760	–	1.01%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$601,337,000	–	8,941,805	–	0.96%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$592,967,000	–	2,171,880	–	0.94%	–
APA	New	APA CORPORATION	$581,879,000	–	16,672,747	–	0.93%	–
KKR	New	KKR & CO INC	$580,680,000	–	12,544,394	–	0.92%	–
WFC	New	WELLS FARGO CO NEW	$568,942,000	–	14,524,948	–	0.90%	–
PH	New	PARKER-HANNIFIN CORP	$559,334,000	–	2,273,254	–	0.89%	–
BLK	New	BLACKROCK INC	$549,938,000	–	902,958	–	0.88%	–
PINS	New	PINTEREST INCcl a	$540,298,000	–	29,752,136	–	0.86%	–
COF	New	CAPITAL ONE FINL CORP	$535,682,000	–	5,141,394	–	0.85%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$489,721,000	–	4,394,480	–	0.78%	–
TV	New	GRUPO TELEVISA S A Bspon adr rep ord	$487,528,000	–	59,600,086	–	0.78%	–
V	New	VISA INC	$466,393,000	–	2,368,798	–	0.74%	–
HUM	New	HUMANA INC	$448,141,000	–	957,423	–	0.71%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$433,986,000	–	3,700,109	–	0.69%	–
OTEX	New	OPEN TEXT CORP	$412,164,000	–	10,896,921	–	0.66%	–
IPG	New	INTERPUBLIC GROUP COS INC	$399,488,000	–	14,510,989	–	0.64%	–
MA	New	MASTERCARD INCORPORATEDcl a	$394,156,000	–	1,249,385	–	0.63%	–
COP	New	CONOCOPHILLIPS	$391,499,000	–	4,359,192	–	0.62%	–
STT	New	STATE STR CORP	$388,190,000	–	6,296,661	–	0.62%	–
BWA	New	BORGWARNER INC	$388,714,000	–	11,648,608	–	0.62%	–
LEA	New	LEAR CORP	$385,547,000	–	3,062,574	–	0.61%	–
GS	New	GOLDMAN SACHS GROUP INC	$383,716,000	–	1,291,888	–	0.61%	–
GPN	New	GLOBAL PMTS INC	$378,993,000	–	3,425,463	–	0.60%	–
LBRDK	New	LIBERTY BROADBAND CORP	$376,219,000	–	3,253,361	–	0.60%	–
PHG	New	KONINKLIJKE PHILIPS N V	$365,969,000	–	16,990,012	–	0.58%	–
VIPS	New	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$354,540,000	–	35,848,341	–	0.56%	–
REGN	New	REGENERON PHARMACEUTICALS	$344,408,000	–	582,626	–	0.55%	–
	New	GENERAL ELECTRIC CO	$314,895,000	–	4,945,720	–	0.50%	–
THC	New	TENET HEALTHCARE CORP	$307,494,000	–	5,850,349	–	0.49%	–
NOV	New	NOV INC	$302,386,000	–	17,882,097	–	0.48%	–
HWM	New	HOWMET AEROSPACE INC	$294,671,000	–	9,369,513	–	0.47%	–
IT	New	GARTNER INC	$283,629,000	–	1,172,847	–	0.45%	–
EFX	New	EQUIFAX INC	$273,218,000	–	1,494,792	–	0.44%	–
WDAY	New	WORKDAY INCcl a	$269,859,000	–	1,933,364	–	0.43%	–
MO	New	ALTRIA GROUP INC	$258,476,000	–	6,188,078	–	0.41%	–
GOOG	New	ALPHABET INCcap stk cl c	$257,238,000	–	117,597	–	0.41%	–
BK	New	BANK NEW YORK MELLON CORP	$256,346,000	–	6,145,917	–	0.41%	–
QSR	New	RESTAURANT BRANDS INTL INC	$249,749,000	–	4,980,033	–	0.40%	–
LAD	New	LITHIA MTRS INC	$249,032,000	–	906,196	–	0.40%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$247,151,000	–	2,628,139	–	0.39%	–
AXP	New	AMERICAN EXPRESS CO	$239,925,000	–	1,730,816	–	0.38%	–
THO	New	THOR INDS INC	$238,861,000	–	3,196,326	–	0.38%	–
MCO	New	MOODYS CORP	$232,652,000	–	855,430	–	0.37%	–
TMUS	New	T-MOBILE US INC	$231,662,000	–	1,721,884	–	0.37%	–
LIVN	New	LIVANOVA PLC	$231,250,000	–	3,701,777	–	0.37%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC Ncl a	$225,400,000	–	344,765	–	0.36%	–
CSL	New	CARLISLE COS INC	$221,957,000	–	930,208	–	0.35%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$218,889,000	–	1,786,419	–	0.35%	–
EBAY	New	EBAY INC.	$203,774,000	–	4,890,188	–	0.32%	–
MAS	New	MASCO CORP	$203,938,000	–	4,030,385	–	0.32%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$198,973,000	–	5,174,843	–	0.32%	–
FLS	New	FLOWSERVE CORP	$197,718,000	–	6,905,987	–	0.32%	–
PHM	New	PULTE GROUP INC	$191,632,000	–	4,835,529	–	0.30%	–
DIS	New	DISNEY WALT CO	$182,415,000	–	1,932,350	–	0.29%	–
FANG	New	DIAMONDBACK ENERGY INC	$181,221,000	–	1,495,838	–	0.29%	–
PCAR	New	PACCAR INC	$173,091,000	–	2,102,159	–	0.28%	–
HHC	New	HOWARD HUGHES CORP	$144,597,000	–	2,124,859	–	0.23%	–
ARNC	New	ARCONIC CORPORATION	$138,873,000	–	4,950,899	–	0.22%	–
CWK	New	CUSHMAN WAKEFIELD PLC	$131,458,000	–	8,625,822	–	0.21%	–
CMI	New	CUMMINS INC	$126,767,000	–	655,030	–	0.20%	–
WEN	New	WENDYS CO	$123,753,000	–	6,554,710	–	0.20%	–
PM	New	PHILIP MORRIS INTL INC	$123,609,000	–	1,251,859	–	0.20%	–
PDCE	New	PDC ENERGY INC	$122,509,000	–	1,988,453	–	0.20%	–
CRI	New	CARTERS INC	$120,951,000	–	1,716,106	–	0.19%	–
CVS	New	CVS HEALTH CORP	$110,403,000	–	1,191,483	–	0.18%	–
MAN	New	MANPOWERGROUP INC WIS	$96,222,000	–	1,259,283	–	0.15%	–
SEE	New	SEALED AIR CORP NEW	$93,873,000	–	1,626,352	–	0.15%	–
LW	New	LAMB WESTON HLDGS INC	$85,827,000	–	1,201,052	–	0.14%	–
CHX	New	CHAMPIONX CORPORATION	$83,671,000	–	4,215,142	–	0.13%	–
POST	New	POST HLDGS INC	$69,291,000	–	841,423	–	0.11%	–
WMG	New	WARNER MUSIC GROUP CORP	$52,787,000	–	2,166,956	–	0.08%	–
JCI	New	JOHNSON CTLS INTL PLC	$49,701,000	–	1,038,028	–	0.08%	–
KAR	New	KAR AUCTION SVCS INC	$42,987,000	–	2,910,458	–	0.07%	–
HII	New	HUNTINGTON INGALLS INDS INC	$42,120,000	–	193,372	–	0.07%	–
ALV	New	AUTOLIV INC	$37,504,000	–	524,020	–	0.06%	–
DLTR	New	DOLLAR TREE INC	$37,094,000	–	238,011	–	0.06%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$34,691,000	–	148,852	–	0.06%	–
CDK	New	CDK GLOBAL INC	$31,648,000	–	577,837	–	0.05%	–
ARMK	New	ARAMARK	$24,722,000	–	807,109	–	0.04%	–
REYN	New	REYNOLDS CONSUMER PRODS INC	$24,717,000	–	906,384	–	0.04%	–
AAPL	New	APPLE INC	$22,941,000	–	167,792	–	0.04%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$20,172,000	–	53,472	–	0.03%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$20,072,000	–	437,686	–	0.03%	–
ABM	New	ABM INDS INC	$17,381,000	–	400,300	–	0.03%	–
TXN	New	TEXAS INSTRS INC	$15,792,000	–	102,781	–	0.02%	–
GD	New	GENERAL DYNAMICS CORP	$13,820,000	–	62,464	–	0.02%	–
GRFS	New	GRIFOLS S Asp adr rep b nvt	$13,402,000	–	1,128,100	–	0.02%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$12,811,000	–	332,400	–	0.02%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$12,469,000	–	59,365	–	0.02%	–
EEFT	New	EURONET WORLDWIDE INC	$8,596,000	–	85,456	–	0.01%	–
ACVA	New	ACV AUCTIONS INC	$9,063,000	–	1,385,848	–	0.01%	–
QRVO	New	QORVO INC	$8,241,000	–	87,372	–	0.01%	–
NDAQ	New	NASDAQ INC	$7,850,000	–	51,465	–	0.01%	–
GIL	New	GILDAN ACTIVEWEAR INC	$6,453,000	–	224,200	–	0.01%	–
ETSY	New	ETSY INC	$5,475,000	–	74,782	–	0.01%	–
DEO	New	DIAGEO PLCspon adr new	$4,835,000	–	27,768	–	0.01%	–
DOV	New	DOVER CORP	$4,415,000	–	36,393	–	0.01%	–
HRI	New	HERC HLDGS INC	$3,531,000	–	39,171	–	0.01%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,533,000	–	6,879	–	0.01%	–
LBRDA	New	LIBERTY BROADBAND CORP	$2,472,000	–	21,768	–	0.00%	–
SPGI	New	S&P GLOBAL INC	$2,267,000	–	6,725	–	0.00%	–
HAL	New	HALLIBURTON CO	$2,370,000	–	75,575	–	0.00%	–
TKR	New	TIMKEN CO	$1,776,000	–	33,480	–	0.00%	–
RTLR	New	RATTLER MIDSTREAM LP	$950,000	–	69,588	–	0.00%	–
CAT	New	CATERPILLAR INC	$1,211,000	–	6,775	–	0.00%	–
AON	New	AON PLC	$1,143,000	–	4,240	–	0.00%	–
GOCO	New	GOHEALTH INC	$1,336,000	–	2,233,687	–	0.00%	–
MSFT	New	MICROSOFT CORP	$466,000	–	1,816	–	0.00%	–
BAX	New	BAXTER INTL INC	$581,000	–	9,052	–	0.00%	–
INTC	New	INTEL CORP	$935,000	–	25,000	–	0.00%	–
ITW	New	ILLINOIS TOOL WKS INC	$400,000	–	2,196	–	0.00%	–
TRN	New	TRINITY INDS INC	$390,000	–	16,100	–	0.00%	–
JPM	New	JPMORGAN CHASE & CO	$583,000	–	5,175	–	0.00%	–
MGM	New	MGM RESORTS INTERNATIONAL	$214,000	–	7,375	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-2,800	–	0.00%	–
TRN	Exit	TRINITY INDS INC	$0	–	-17,200	–	-0.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,337	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,100	–	-0.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,750	–	-0.00%	–
RTLR	Exit	RATTLER MIDSTREAM LP	$0	–	-105,588	–	-0.00%	–
INTC	Exit	INTEL CORP	$0	–	-28,400	–	-0.00%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG PL	$0	–	-18,450	–	-0.00%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,670	–	-0.00%	–
BAX	Exit	BAXTER INTL INC	$0	–	-26,277	–	-0.00%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-42,600	–	-0.00%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-143,785	–	-0.00%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-10,245	–	-0.00%	–
WEX	Exit	WEX INC	$0	–	-17,176	–	-0.01%	–
WAB	Exit	WABTEC	$0	–	-33,020	–	-0.01%	–
AON	Exit	AON PLC	$0	–	-14,584	–	-0.01%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-96,447	–	-0.01%	–
CAT	Exit	CATERPILLAR INC	$0	–	-29,740	–	-0.01%	–
LBRDA	Exit	LIBERTY BROADBAND CORP	$0	–	-40,728	–	-0.01%	–
DOV	Exit	DOVER CORP	$0	–	-50,158	–	-0.01%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,063	–	-0.01%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-304,454	–	-0.01%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-91,135	–	-0.02%	–
REYN	Exit	REYNOLDS CONSUMER PRODS INC	$0	–	-450,590	–	-0.02%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-68,369	–	-0.02%	–
QRVO	Exit	QORVO INC	$0	–	-91,804	–	-0.02%	–
WMG	Exit	WARNER MUSIC GROUP CORP	$0	–	-382,655	–	-0.03%	–
HRI	Exit	HERC HLDGS INC	$0	–	-120,921	–	-0.03%	–
HII	Exit	HUNTINGTON INGALLS INDS INC	$0	–	-103,677	–	-0.03%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-551,300	–	-0.03%	–
ARMK	Exit	ARAMARK	$0	–	-630,579	–	-0.03%	–
CB	Exit	CHUBB LIMITED	$0	–	-134,718	–	-0.04%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-574,167	–	-0.04%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-143,432	–	-0.04%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-305,390	–	-0.05%	–
EFX	Exit	EQUIFAX INC	$0	–	-116,299	–	-0.05%	–
AAPL	Exit	APPLE INC	$0	–	-235,505	–	-0.05%	–
BG	Exit	BUNGE LIMITED	$0	–	-459,806	–	-0.06%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-293,473	–	-0.07%	–
NDAQ	Exit	NASDAQ INC	$0	–	-228,352	–	-0.07%	–
ALV	Exit	AUTOLIV INC	$0	–	-531,855	–	-0.07%	–
FCNCA	Exit	FIRST CTZNS BANCSHARES INC Ncl a	$0	–	-57,615	–	-0.08%	–
DIS	Exit	DISNEY WALT CO	$0	–	-311,886	–	-0.08%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-3,121,917	–	-0.11%	–
GOCO	Exit	GOHEALTH INC	$0	–	-14,184,525	–	-0.11%	–
CIT	Exit	CIT GROUP INC	$0	–	-1,378,766	–	-0.11%	–
BLK	Exit	BLACKROCK INC	$0	–	-89,896	–	-0.12%	–
TCOM	Exit	TRIP COM GROUP LTDads	$0	–	-2,682,133	–	-0.13%	–
CRI	Exit	CARTERS INC	$0	–	-893,804	–	-0.14%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-1,644,270	–	-0.14%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-9,915,371	–	-0.16%	–
CWK	Exit	CUSHMAN WAKEFIELD PLC	$0	–	-5,463,236	–	-0.16%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-2,454,268	–	-0.18%	–
PCAR	Exit	PACCAR INC	$0	–	-1,537,540	–	-0.19%	–
MAN	Exit	MANPOWERGROUP INC WIS	$0	–	-1,295,086	–	-0.22%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-3,549,281	–	-0.24%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-1,718,122	–	-0.24%	–
ARNC	Exit	ARCONIC CORPORATION	$0	–	-4,882,683	–	-0.24%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS I	$0	–	-4,679,948	–	-0.26%	–
CMI	Exit	CUMMINS INC	$0	–	-763,236	–	-0.27%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-2,588,086	–	-0.28%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-424,437	–	-0.29%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-683,552	–	-0.30%	–
BWA	Exit	BORGWARNER INC	$0	–	-4,817,900	–	-0.33%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-1,654,567	–	-0.34%	–
HAL	Exit	HALLIBURTON CO	$0	–	-10,064,906	–	-0.35%	–
POST	Exit	POST HLDGS INC	$0	–	-1,982,992	–	-0.35%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-6,487,883	–	-0.36%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,403,128	–	-0.36%	–
CSL	Exit	CARLISLE COS INC	$0	–	-1,155,815	–	-0.37%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,110,129	–	-0.37%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-2,049,565	–	-0.38%	–
NOV	Exit	NOV INC	$0	–	-17,998,461	–	-0.38%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-3,996,643	–	-0.39%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-5,813,915	–	-0.39%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-4,786,061	–	-0.40%	–
KKR	Exit	KKR & CO INC	$0	–	-4,306,213	–	-0.42%	–
LIVN	Exit	LIVANOVA PLC	$0	–	-3,814,865	–	-0.48%	–
THO	Exit	THOR INDS INC	$0	–	-2,504,908	–	-0.49%	–
HWM	Exit	HOWMET AEROSPACE INC	$0	–	-9,917,205	–	-0.49%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-3,283,437	–	-0.50%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-1,806,888	–	-0.50%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-31,414,185	–	-0.50%	–
VIPS	Exit	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$0	–	-28,525,800	–	-0.51%	–
EBAY	Exit	EBAY INC.	$0	–	-5,075,887	–	-0.56%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-132,529	–	-0.56%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,284,332	–	-0.57%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-10,731,134	–	-0.58%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,227,478	–	-0.59%	–
MCO	Exit	MOODYS CORP	$0	–	-1,070,028	–	-0.60%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-8,012,615	–	-0.62%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,142,523	–	-0.63%	–
STT	Exit	STATE STR CORP	$0	–	-4,866,234	–	-0.66%	–
V	Exit	VISA INC	$0	–	-1,940,680	–	-0.69%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-3,982,329	–	-0.71%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-12,096,243	–	-0.71%	–
APA	Exit	APA CORPORATION	$0	–	-20,774,380	–	-0.71%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-6,709,450	–	-0.71%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-4,512,268	–	-0.74%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,414,119	–	-0.77%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,323,560	–	-0.80%	–
IT	Exit	GARTNER INC	$0	–	-1,745,475	–	-0.84%	–
LEA	Exit	LEAR CORP	$0	–	-3,414,841	–	-0.85%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-2,364,511	–	-0.94%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-13,487,892	–	-1.00%	–
ORCL	Exit	ORACLE CORP	$0	–	-7,295,585	–	-1.01%	–
RYAAY	Exit	RYANAIR HOLDINGS PLCsponsored ads	$0	–	-6,090,220	–	-1.07%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,083,496	–	-1.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-4,779,180	–	-1.13%	–
TV	Exit	GRUPO TELEVISA S A Bspon adr rep ord	$0	–	-65,233,939	–	-1.14%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-3,694,716	–	-1.15%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,326,296	–	-1.28%	–
EOG	Exit	EOG RES INC	$0	–	-10,155,913	–	-1.30%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-4,033,274	–	-1.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-3,298,425	–	-1.43%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-12,627,043	–	-1.46%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-5,841,599	–	-1.51%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-17,276,993	–	-1.54%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-10,272,317	–	-1.59%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,950,863	–	-1.90%	–
ALLY	Exit	ALLY FINL INC	$0	–	-24,328,415	–	-1.98%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-9,430,421	–	-1.98%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-9,189,265	–	-2.01%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,757,754	–	-2.03%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-46,289,532	–	-2.20%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-668,053	–	-2.53%	–
KDP	Exit	KEURIG DR PEPPER INC	$0	–	-47,416,212	–	-2.58%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-31,039,916	–	-2.71%	–
HUM	Exit	HUMANA INC	$0	–	-4,395,116	–	-2.72%	–
FISV	Exit	FISERV INC	$0	–	-16,278,281	–	-2.81%	–
GM	Exit	GENERAL MTRS CO	$0	–	-34,716,412	–	-2.92%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-7,959,746	–	-3.08%	–
C	Exit	CITIGROUP INC	$0	–	-28,125,763	–	-3.14%	–
CNHI	Exit	CNH INDL N V	$0	–	-121,054,120	–	-3.28%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-3,121,292	–	-3.62%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-59,464,549	–	-4.02%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,871,337	–	-7.97%	–

Q3 2021

			Value		Shares		↓ Weighting
GOOGL	Sell	ALPHABET INCcap stk cl a	$5,003,057,000	+4.2%	1,871,337	-4.8%	7.97%	+4.3%
BAC	Sell	BK OF AMERICA CORP	$2,524,270,000	-5.5%	59,464,549	-8.2%	4.02%	-5.5%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,270,927,000	-0.2%	3,121,292	-1.0%	3.62%	-0.1%
CNHI	Sell	CNH INDL N V	$2,060,126,000	-7.3%	121,054,120	-10.0%	3.28%	-7.2%
C	Buy	CITIGROUP INC	$1,973,866,000	+1.9%	28,125,763	+2.7%	3.14%	+1.9%
HCA	Sell	HCA HEALTHCARE INC	$1,931,989,000	+6.3%	7,959,746	-9.4%	3.08%	+6.4%
GM	Sell	GENERAL MTRS CO	$1,829,902,000	-11.3%	34,716,412	-0.5%	2.92%	-11.3%
FISV	Buy	FISERV INC	$1,766,194,000	+36.5%	16,278,281	+34.5%	2.81%	+36.6%
HUM	Buy	HUMANA INC	$1,710,359,000	+14.9%	4,395,116	+30.7%	2.72%	+14.9%
AIG	Sell	AMERICAN INTL GROUP INC	$1,703,781,000	+14.7%	31,039,916	-0.5%	2.71%	+14.7%
KDP	Buy	KEURIG DR PEPPER INC	$1,619,737,000	-0.9%	47,416,212	+2.3%	2.58%	-0.8%
BKNG	Buy	BOOKING HOLDINGS INC	$1,585,871,000	+8.6%	668,053	+0.1%	2.53%	+8.7%
LBTYA	Sell	LIBERTY GLOBAL PLC	$1,379,428,000	-0.7%	46,289,532	-9.5%	2.20%	-0.6%
FB	Sell	FACEBOOK INCcl a	$1,275,344,000	-9.1%	3,757,754	-6.9%	2.03%	-9.0%
TEL	Sell	TE CONNECTIVITY LTD	$1,260,951,000	-0.6%	9,189,265	-2.0%	2.01%	-0.5%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$1,245,853,000	+8.9%	9,430,421	-0.5%	1.98%	+9.0%
ALLY	Buy	ALLY FINL INC	$1,241,966,000	+2.8%	24,328,415	+0.3%	1.98%	+2.8%
NFLX	Buy	NETFLIX INC	$1,190,690,000	+16.3%	1,950,863	+0.7%	1.90%	+16.4%
CBRE	Sell	CBRE GROUP INCcl a	$1,000,112,000	+6.7%	10,272,317	-6.0%	1.59%	+6.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$966,302,000	-5.3%	17,276,993	-3.5%	1.54%	-5.3%
COF	Sell	CAPITAL ONE FINL CORP	$946,164,000	-2.2%	5,841,599	-6.6%	1.51%	-2.1%
SCHW	Buy	SCHWAB CHARLES CORP	$919,754,000	+1.9%	12,627,043	+1.9%	1.46%	+1.9%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$900,272,000	-1.4%	3,298,425	+0.4%	1.43%	-1.4%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$849,770,000	-10.0%	4,033,274	-0.1%	1.35%	-10.0%
EOG	Buy	EOG RES INC	$815,215,000	+2.6%	10,155,913	+6.7%	1.30%	+2.7%
REGN	Sell	REGENERON PHARMACEUTICALS	$802,648,000	-0.6%	1,326,296	-8.2%	1.28%	-0.5%
GD	Buy	GENERAL DYNAMICS CORP	$724,275,000	+5.2%	3,694,716	+1.0%	1.15%	+5.2%
TV	Buy	GRUPO TELEVISA S A Bspon adr rep ord	$716,268,000	-22.5%	65,233,939	+0.8%	1.14%	-22.5%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$707,557,000	+0.2%	4,779,180	+53.5%	1.13%	+0.3%
CVS	Sell	CVS HEALTH CORP	$685,966,000	-3.9%	8,083,496	-5.5%	1.09%	-3.8%
RYAAY	Buy	RYANAIR HOLDINGS PLCsponsored ads	$670,290,000	+9.5%	6,090,220	+7.7%	1.07%	+9.5%
ORCL	Sell	ORACLE CORP	$635,664,000	+10.4%	7,295,585	-1.4%	1.01%	+10.5%
WFC	Buy	WELLS FARGO CO NEW	$625,973,000	+4.4%	13,487,892	+1.9%	1.00%	+4.4%
WDAY	Sell	WORKDAY INCcl a	$590,868,000	-5.1%	2,364,511	-9.3%	0.94%	-5.1%
LEA	Buy	LEAR CORP	$534,354,000	-9.0%	3,414,841	+1.9%	0.85%	-9.1%
IT	Buy	GARTNER INC	$530,415,000	+25.7%	1,745,475	+0.2%	0.84%	+25.7%
GS	Sell	GOLDMAN SACHS GROUP INC	$500,345,000	-0.4%	1,323,560	-0.0%	0.80%	-0.4%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$482,630,000	-14.2%	2,414,119	-14.8%	0.77%	-14.2%
	New	GENERAL ELECTRIC CO	$464,899,000	–	4,512,268	–	0.74%	–
THC	Buy	TENET HEALTHCARE CORP	$445,776,000	+2.5%	6,709,450	+3.4%	0.71%	+2.5%
APA	Buy	APA CORPORATION	$445,195,000	-0.9%	20,774,380	+0.0%	0.71%	-1.0%
IPG	Sell	INTERPUBLIC GROUP COS INC	$443,569,000	+7.5%	12,096,243	-4.8%	0.71%	+7.6%
RGA	Buy	REINSURANCE GRP OF AMERICA I	$443,074,000	-1.9%	3,982,329	+0.5%	0.71%	-1.8%
V	Sell	VISA INC	$432,286,000	-14.7%	1,940,680	-10.5%	0.69%	-14.6%
STT	Sell	STATE STR CORP	$412,267,000	+1.4%	4,866,234	-1.5%	0.66%	+1.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$397,232,000	-9.8%	1,142,523	-5.3%	0.63%	-9.8%
OTEX	Sell	OPEN TEXT CORP	$390,608,000	-28.9%	8,012,615	-26.0%	0.62%	-28.9%
MCO	Sell	MOODYS CORP	$379,978,000	-18.3%	1,070,028	-16.6%	0.60%	-18.4%
AXP	Sell	AMERICAN EXPRESS CO	$373,170,000	+1.1%	2,227,478	-0.3%	0.59%	+1.0%
DXC	Sell	DXC TECHNOLOGY CO	$360,673,000	-15.0%	10,731,134	-1.5%	0.58%	-14.9%
COP	Buy	CONOCOPHILLIPS	$358,120,000	+38.2%	5,284,332	+24.2%	0.57%	+38.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$353,231,000	-6.6%	132,529	-12.2%	0.56%	-6.5%
EBAY	Sell	EBAY INC.	$353,637,000	-15.6%	5,075,887	-15.0%	0.56%	-15.6%
VIPS	New	VIPSHOP HOLDINGS LIMITEDsponsored ads a	$317,778,000	–	28,525,800	–	0.51%	–
CVE	Sell	CENOVUS ENERGY INC	$316,340,000	-39.4%	31,414,185	-42.4%	0.50%	-39.4%
LBRDK	Sell	LIBERTY BROADBAND CORP	$312,050,000	-2.8%	1,806,888	-2.2%	0.50%	-2.7%
FANG	Buy	DIAMONDBACK ENERGY INC	$310,843,000	+0.9%	3,283,437	+0.1%	0.50%	+0.8%
HWM	Sell	HOWMET AEROSPACE INC	$309,417,000	-21.2%	9,917,205	-12.9%	0.49%	-21.1%
THO	Buy	THOR INDS INC	$307,503,000	+41.2%	2,504,908	+30.0%	0.49%	+41.2%
LIVN	Buy	LIVANOVA PLC	$302,099,000	-5.2%	3,814,865	+0.7%	0.48%	-5.3%
KKR	Buy	KKR & CO INC	$262,162,000	+3.1%	4,306,213	+0.3%	0.42%	+3.2%
BK	Sell	BANK NEW YORK MELLON CORP	$248,109,000	-4.0%	4,786,061	-5.1%	0.40%	-4.1%
CDK	Buy	CDK GLOBAL INC	$247,382,000	-7.7%	5,813,915	+7.8%	0.39%	-7.7%
QSR	Sell	RESTAURANT BRANDS INTL INC	$244,554,000	-5.2%	3,996,643	-0.1%	0.39%	-5.1%
NOV	Buy	NOV INC	$235,960,000	-4.3%	17,998,461	+11.8%	0.38%	-4.3%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$235,331,000	+49.0%	2,049,565	+54.0%	0.38%	+48.8%
MO	Buy	ALTRIA GROUP INC	$232,613,000	-4.4%	5,110,129	+0.1%	0.37%	-4.1%
CSL	Sell	CARLISLE COS INC	$229,764,000	+1.6%	1,155,815	-2.1%	0.37%	+1.7%
PM	Sell	PHILIP MORRIS INTL INC	$227,793,000	-8.9%	2,403,128	-4.8%	0.36%	-8.8%
FLS	Buy	FLOWSERVE CORP	$224,935,000	-8.4%	6,487,883	+6.5%	0.36%	-8.4%
POST	Buy	POST HLDGS INC	$218,446,000	+3.6%	1,982,992	+2.1%	0.35%	+3.6%
HAL	Buy	HALLIBURTON CO	$217,603,000	-6.4%	10,064,906	+0.1%	0.35%	-6.2%
TMUS	Buy	T-MOBILE US INC	$211,387,000	-10.5%	1,654,567	+1.5%	0.34%	-10.4%
BWA	Sell	BORGWARNER INC	$208,181,000	-11.1%	4,817,900	-0.1%	0.33%	-11.0%
CRM	Buy	SALESFORCE COM INC	$185,393,000	+12.7%	683,552	+1.5%	0.30%	+12.6%
SPGI	Sell	S&P GLOBAL INC	$180,339,000	-10.7%	424,437	-13.8%	0.29%	-10.9%
JCI	Sell	JOHNSON CTLS INTL PLC	$176,197,000	-47.8%	2,588,086	-47.4%	0.28%	-47.7%
CMI	Sell	CUMMINS INC	$171,392,000	-14.2%	763,236	-6.8%	0.27%	-14.2%
ALSN	Buy	ALLISON TRANSMISSION HLDGS I	$165,296,000	+3.3%	4,679,948	+16.2%	0.26%	+3.1%
ARNC	Buy	ARCONIC CORPORATION	$154,000,000	-8.8%	4,882,683	+3.0%	0.24%	-8.9%
HHC	Sell	HOWARD HUGHES CORP	$150,868,000	-10.7%	1,718,122	-0.9%	0.24%	-10.8%
NVST	Sell	ENVISTA HOLDINGS CORPORATION	$148,395,000	-34.7%	3,549,281	-32.5%	0.24%	-34.8%
MAN	Buy	MANPOWERGROUP INC WIS	$140,232,000	-7.7%	1,295,086	+1.4%	0.22%	-7.9%
PCAR	New	PACCAR INC	$121,343,000	–	1,537,540	–	0.19%	–
PDCE	Sell	PDC ENERGY INC	$116,308,000	+0.3%	2,454,268	-3.1%	0.18%	0.0%
CWK	Buy	CUSHMAN WAKEFIELD PLC	$101,671,000	+501.7%	5,463,236	+464.9%	0.16%	+500.0%
QRTEA	Sell	QURATE RETAIL INC	$101,038,000	-24.8%	9,915,371	-3.3%	0.16%	-24.8%
SEE	Buy	SEALED AIR CORP NEW	$90,090,000	-6.0%	1,644,270	+1.6%	0.14%	-5.9%
CRI	Buy	CARTERS INC	$86,914,000	-5.5%	893,804	+0.3%	0.14%	-5.5%
TCOM	New	TRIP COM GROUP LTDads	$82,475,000	–	2,682,133	–	0.13%	–
BLK	Buy	BLACKROCK INC	$75,392,000	-3.6%	89,896	+0.6%	0.12%	-4.0%
GOCO	Buy	GOHEALTH INC	$71,348,000	-50.1%	14,184,525	+11.1%	0.11%	-50.0%
CIT	Sell	CIT GROUP INC	$71,627,000	+0.7%	1,378,766	-0.0%	0.11%	+0.9%
CHX	Sell	CHAMPIONX CORPORATION	$69,806,000	-15.2%	3,121,917	-2.7%	0.11%	-15.3%
DIS	Buy	DISNEY WALT CO	$52,762,000	+9.3%	311,886	+13.5%	0.08%	+9.1%
FCNCA	Sell	FIRST CTZNS BANCSHARES INC Ncl a	$48,579,000	+1.2%	57,615	-0.0%	0.08%	+1.3%
ALV	Buy	AUTOLIV INC	$45,591,000	+33.1%	531,855	+51.8%	0.07%	+32.7%
NDAQ	Sell	NASDAQ INC	$44,077,000	-5.0%	228,352	-13.5%	0.07%	-5.4%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$42,953,000	-9.5%	293,473	-0.5%	0.07%	-10.5%
BG	Buy	BUNGE LIMITED	$37,391,000	+13.3%	459,806	+8.9%	0.06%	+13.2%
AAPL	Sell	APPLE INC	$33,324,000	-13.4%	235,505	-16.2%	0.05%	-13.1%
DLTR	New	DOLLAR TREE INC	$29,232,000	–	305,390	–	0.05%	–
EFX	Sell	EQUIFAX INC	$29,472,000	-35.4%	116,299	-39.0%	0.05%	-35.6%
TXN	Sell	TEXAS INSTRS INC	$27,569,000	-23.8%	143,432	-23.8%	0.04%	-24.1%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$26,595,000	-12.9%	574,167	-12.9%	0.04%	-14.3%
CB	Sell	CHUBB LIMITED	$23,371,000	+9.0%	134,718	-0.1%	0.04%	+8.8%
ARMK	Buy	ARAMARK	$20,721,000	-4.4%	630,579	+8.4%	0.03%	-5.7%
GIL	Sell	GILDAN ACTIVEWEAR INC	$20,120,000	-11.2%	551,300	-10.2%	0.03%	-11.1%
HII	Buy	HUNTINGTON INGALLS INDS INC	$20,016,000	+27.5%	103,677	+39.2%	0.03%	+28.0%
HRI	Sell	HERC HLDGS INC	$19,766,000	-70.1%	120,921	-79.5%	0.03%	-70.5%
WMG	New	WARNER MUSIC GROUP CORP	$16,355,000	–	382,655	–	0.03%	–
QRVO	Sell	QORVO INC	$15,349,000	-16.3%	91,804	-2.0%	0.02%	-17.2%
DEO	Sell	DIAGEO PLCspon adr new	$13,195,000	-59.3%	68,369	-59.6%	0.02%	-59.6%
REYN	Buy	REYNOLDS CONSUMER PRODS INC	$12,319,000	+638.5%	450,590	+719.9%	0.02%	+566.7%
EEFT	Sell	EURONET WORLDWIDE INC	$11,600,000	-9.2%	91,135	-3.5%	0.02%	-10.0%
LBTYK	Sell	LIBERTY GLOBAL PLC	$8,969,000	-93.5%	304,454	-94.0%	0.01%	-93.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$8,230,000	-15.0%	21,063	-12.8%	0.01%	-13.3%
DOV	Sell	DOVER CORP	$7,800,000	-30.0%	50,158	-32.2%	0.01%	-33.3%
LBRDA	Buy	LIBERTY BROADBAND CORP	$6,857,000	+0.6%	40,728	+0.5%	0.01%	0.0%
CAT	Sell	CATERPILLAR INC	$5,709,000	-69.2%	29,740	-65.1%	0.01%	-70.0%
PINS	Sell	PINTEREST INCcl a	$4,914,000	-38.6%	96,447	-4.8%	0.01%	-38.5%
AON	Sell	AON PLC	$4,168,000	+12.6%	14,584	-6.0%	0.01%	+16.7%
WEX	Sell	WEX INC	$3,025,000	-10.8%	17,176	-1.9%	0.01%	0.0%
WAB	Sell	WABTEC	$2,847,000	-37.9%	33,020	-40.7%	0.01%	-28.6%
KAR	New	KAR AUCTION SVCS INC	$2,357,000	–	143,785	–	0.00%	–
WLTW	Buy	WILLIS TOWERS WATSON PLC LTD	$2,382,000	+214.7%	10,245	+211.5%	0.00%	+300.0%
BAX	Buy	BAXTER INTL INC	$2,113,000	+2.6%	26,277	+2.7%	0.00%	0.0%
LMT	New	LOCKHEED MARTIN CORP	$1,267,000	–	3,670	–	0.00%	–
ST	Buy	SENSATA TECHNOLOGIES HLDG PL	$1,010,000	+40.9%	18,450	+49.1%	0.00%	+100.0%
INTC	Sell	INTEL CORP	$1,513,000	-43.1%	28,400	-40.0%	0.00%	-50.0%
RTLR	New	RATTLER MIDSTREAM LP	$1,240,000	–	105,588	–	0.00%	–
TRN	Sell	TRINITY INDS INC	$467,000	-69.4%	17,200	-69.7%	0.00%	-50.0%
BA	Exit	BOEING CO	$0	–	-1,066	–	0.00%	–
CHRW	Sell	C H ROBINSON WORLDWIDE INC	$244,000	-50.7%	2,800	-47.0%	0.00%	-100.0%
FDX	Exit	FEDEX CORP	$0	–	-830	–	0.00%	–
KMX	Exit	CARMAX INC	$0	–	-1,875	–	0.00%	–
FL	Exit	FOOT LOCKER INC	$0	–	-4,000	–	0.00%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-1,800	–	0.00%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-18,698	–	-0.00%	–
VLRS	Exit	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$0	–	-1,168,488	–	-0.04%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-42,152,806	–	-0.90%	–

Q2 2021

			Value		Shares		↓ Weighting
GOOGL	New	ALPHABET INCcap stk cl a	$4,800,530,000	–	1,965,988	–	7.64%	–
BAC	New	BK OF AMERICA CORP	$2,671,604,000	–	64,797,568	–	4.25%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$2,274,466,000	–	3,152,631	–	3.62%	–
CNHI	New	CNH INDL N V	$2,221,679,000	–	134,556,067	–	3.54%	–
GM	New	GENERAL MTRS CO	$2,064,044,000	–	34,883,279	–	3.29%	–
C	New	CITIGROUP INC	$1,937,725,000	–	27,388,329	–	3.09%	–
HCA	New	HCA HEALTHCARE INC	$1,817,058,000	–	8,789,096	–	2.89%	–
KDP	New	KEURIG DR PEPPER INC	$1,633,848,000	–	46,363,431	–	2.60%	–
HUM	New	HUMANA INC	$1,488,811,000	–	3,362,872	–	2.37%	–
AIG	New	AMERICAN INTL GROUP INC	$1,485,525,000	–	31,208,519	–	2.37%	–
BKNG	New	BOOKING HOLDINGS INC	$1,459,682,000	–	667,103	–	2.32%	–
FB	New	FACEBOOK INCcl a	$1,402,830,000	–	4,034,483	–	2.23%	–
LBTYA	New	LIBERTY GLOBAL PLC	$1,389,088,000	–	51,144,602	–	2.21%	–
FISV	New	FISERV INC	$1,293,495,000	–	12,101,183	–	2.06%	–
TEL	New	TE CONNECTIVITY LTD	$1,268,453,000	–	9,381,354	–	2.02%	–
ALLY	New	ALLY FINL INC	$1,208,663,000	–	24,250,870	–	1.92%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$1,143,766,000	–	9,482,392	–	1.82%	–
NFLX	New	NETFLIX INC	$1,023,423,000	–	1,937,531	–	1.63%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,020,542,000	–	17,897,960	–	1.62%	–
COF	New	CAPITAL ONE FINL CORP	$967,200,000	–	6,252,506	–	1.54%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$944,179,000	–	4,036,851	–	1.50%	–
CBRE	New	CBRE GROUP INCcl a	$936,982,000	–	10,929,455	–	1.49%	–
TV	New	GRUPO TELEVISA S A Bspon adr rep ord	$924,178,000	–	64,718,339	–	1.47%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$912,854,000	–	3,284,592	–	1.45%	–
SCHW	New	SCHWAB CHARLES CORP	$902,456,000	–	12,394,664	–	1.44%	–
REGN	New	REGENERON PHARMACEUTICALS	$807,120,000	–	1,445,053	–	1.28%	–
EOG	New	EOG RES INC	$794,349,000	–	9,519,995	–	1.26%	–
CVS	New	CVS HEALTH CORP	$713,484,000	–	8,550,865	–	1.14%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$706,033,000	–	3,113,295	–	1.12%	–
GD	New	GENERAL DYNAMICS CORP	$688,769,000	–	3,658,602	–	1.10%	–
WDAY	New	WORKDAY INCcl a	$622,656,000	–	2,608,093	–	0.99%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$612,026,000	–	5,655,907	–	0.98%	–
WFC	New	WELLS FARGO CO NEW	$599,518,000	–	13,237,307	–	0.96%	–
LEA	New	LEAR CORP	$587,525,000	–	3,351,925	–	0.94%	–
ORCL	New	ORACLE CORP	$575,946,000	–	7,399,096	–	0.92%	–
GE	New	GENERAL ELECTRIC CO	$567,377,000	–	42,152,806	–	0.90%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$562,690,000	–	2,832,997	–	0.90%	–
OTEX	New	OPEN TEXT CORP	$549,486,000	–	10,822,227	–	0.88%	–
CVE	New	CENOVUS ENERGY INC	$521,650,000	–	54,531,807	–	0.83%	–
V	New	VISA INC	$506,840,000	–	2,167,652	–	0.81%	–
GS	New	GOLDMAN SACHS GROUP INC	$502,509,000	–	1,324,028	–	0.80%	–
MCO	New	MOODYS CORP	$465,038,000	–	1,283,322	–	0.74%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$451,579,000	–	3,961,224	–	0.72%	–
APA	New	APA CORPORATION	$449,317,000	–	20,772,857	–	0.72%	–
MA	New	MASTERCARD INCORPORATEDcl a	$440,584,000	–	1,206,782	–	0.70%	–
THC	New	TENET HEALTHCARE CORP	$434,894,000	–	6,491,926	–	0.69%	–
DXC	New	DXC TECHNOLOGY CO	$424,448,000	–	10,900,045	–	0.68%	–
IT	New	GARTNER INC	$422,110,000	–	1,742,815	–	0.67%	–
EBAY	New	EBAY INC.	$419,099,000	–	5,969,224	–	0.67%	–
IPG	New	INTERPUBLIC GROUP COS INC	$412,623,000	–	12,699,992	–	0.66%	–
STT	New	STATE STR CORP	$406,620,000	–	4,941,902	–	0.65%	–
HWM	New	HOWMET AEROSPACE INC	$392,554,000	–	11,388,290	–	0.62%	–
GOOG	New	ALPHABET INCcap stk cl c	$378,301,000	–	150,939	–	0.60%	–
AXP	New	AMERICAN EXPRESS CO	$368,979,000	–	2,233,125	–	0.59%	–
JCI	New	JOHNSON CTLS INTL PLC	$337,375,000	–	4,915,858	–	0.54%	–
LBRDK	New	LIBERTY BROADBAND CORP	$320,906,000	–	1,847,899	–	0.51%	–
LIVN	New	LIVANOVA PLC	$318,720,000	–	3,789,321	–	0.51%	–
FANG	New	DIAMONDBACK ENERGY INC	$308,081,000	–	3,281,294	–	0.49%	–
CDK	New	CDK GLOBAL INC	$267,912,000	–	5,391,671	–	0.43%	–
COP	New	CONOCOPHILLIPS	$259,120,000	–	4,254,846	–	0.41%	–
BK	New	BANK NEW YORK MELLON CORP	$258,463,000	–	5,045,142	–	0.41%	–
QSR	New	RESTAURANT BRANDS INTL INC	$257,851,000	–	4,001,408	–	0.41%	–
KKR	New	KKR & CO INC	$254,343,000	–	4,293,433	–	0.40%	–
PM	New	PHILIP MORRIS INTL INC	$250,056,000	–	2,523,016	–	0.40%	–
NOV	New	NOV INC	$246,667,000	–	16,101,011	–	0.39%	–
FLS	New	FLOWSERVE CORP	$245,671,000	–	6,093,029	–	0.39%	–
MO	New	ALTRIA GROUP INC	$243,303,000	–	5,102,835	–	0.39%	–
TMUS	New	T-MOBILE US INC	$236,110,000	–	1,630,258	–	0.38%	–
BWA	New	BORGWARNER INC	$234,066,000	–	4,822,124	–	0.37%	–
HAL	New	HALLIBURTON CO	$232,497,000	–	10,056,092	–	0.37%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$227,212,000	–	5,258,321	–	0.36%	–
CSL	New	CARLISLE COS INC	$226,048,000	–	1,181,150	–	0.36%	–
THO	New	THOR INDS INC	$217,779,000	–	1,927,247	–	0.35%	–
POST	New	POST HLDGS INC	$210,758,000	–	1,943,003	–	0.34%	–
SPGI	New	S&P GLOBAL INC	$201,993,000	–	492,127	–	0.32%	–
CMI	New	CUMMINS INC	$199,691,000	–	819,042	–	0.32%	–
ARNC	New	ARCONIC CORPORATION	$168,860,000	–	4,740,583	–	0.27%	–
HHC	New	HOWARD HUGHES CORP	$169,039,000	–	1,734,442	–	0.27%	–
CRM	New	SALESFORCE COM INC	$164,496,000	–	673,420	–	0.26%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$160,075,000	–	4,028,068	–	0.26%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$157,946,000	–	1,330,627	–	0.25%	–
MAN	New	MANPOWERGROUP INC WIS	$151,851,000	–	1,277,022	–	0.24%	–
GOCO	New	GOHEALTH INC	$143,094,000	–	12,764,887	–	0.23%	–
LBTYK	New	LIBERTY GLOBAL PLC	$137,229,000	–	5,075,039	–	0.22%	–
QRTEA	New	QURATE RETAIL INC	$134,286,000	–	10,258,739	–	0.21%	–
PDCE	New	PDC ENERGY INC	$115,972,000	–	2,532,693	–	0.18%	–
SEE	New	SEALED AIR CORP NEW	$95,878,000	–	1,618,195	–	0.15%	–
CRI	New	CARTERS INC	$91,951,000	–	891,254	–	0.15%	–
CHX	New	CHAMPIONX CORPORATION	$82,283,000	–	3,207,917	–	0.13%	–
BLK	New	BLACKROCK INC	$78,186,000	–	89,359	–	0.12%	–
CIT	New	CIT GROUP INC	$71,163,000	–	1,379,391	–	0.11%	–
HRI	New	HERC HLDGS INC	$66,033,000	–	589,208	–	0.10%	–
DIS	New	DISNEY WALT CO	$48,283,000	–	274,692	–	0.08%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$47,447,000	–	295,033	–	0.08%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC Ncl a	$47,999,000	–	57,640	–	0.08%	–
NDAQ	New	NASDAQ INC	$46,406,000	–	263,972	–	0.07%	–
EFX	New	EQUIFAX INC	$45,631,000	–	190,519	–	0.07%	–
AAPL	New	APPLE INC	$38,480,000	–	280,960	–	0.06%	–
TXN	New	TEXAS INSTRS INC	$36,201,000	–	188,252	–	0.06%	–
ALV	New	AUTOLIV INC	$34,263,000	–	350,480	–	0.06%	–
BG	New	BUNGE LIMITED	$32,994,000	–	422,191	–	0.05%	–
DEO	New	DIAGEO PLCspon adr new	$32,437,000	–	169,216	–	0.05%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$30,550,000	–	659,396	–	0.05%	–
VLRS	New	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$22,447,000	–	1,168,488	–	0.04%	–
GIL	New	GILDAN ACTIVEWEAR INC	$22,660,000	–	614,200	–	0.04%	–
ARMK	New	ARAMARK	$21,675,000	–	581,884	–	0.04%	–
CB	New	CHUBB LIMITED	$21,439,000	–	134,887	–	0.03%	–
CAT	New	CATERPILLAR INC	$18,526,000	–	85,128	–	0.03%	–
QRVO	New	QORVO INC	$18,328,000	–	93,676	–	0.03%	–
CWK	New	CUSHMAN WAKEFIELD PLC	$16,897,000	–	967,185	–	0.03%	–
HII	New	HUNTINGTON INGALLS INDS INC	$15,695,000	–	74,472	–	0.02%	–
EEFT	New	EURONET WORLDWIDE INC	$12,782,000	–	94,435	–	0.02%	–
DOV	New	DOVER CORP	$11,145,000	–	74,003	–	0.02%	–
UNH	New	UNITEDHEALTH GROUP INC	$9,678,000	–	24,168	–	0.02%	–
PINS	New	PINTEREST INCcl a	$7,999,000	–	101,319	–	0.01%	–
LBRDA	New	LIBERTY BROADBAND CORP	$6,814,000	–	40,518	–	0.01%	–
WAB	New	WABTEC	$4,585,000	–	55,708	–	0.01%	–
AON	New	AON PLC	$3,703,000	–	15,508	–	0.01%	–
WEX	New	WEX INC	$3,393,000	–	17,501	–	0.01%	–
A	New	AGILENT TECHNOLOGIES INC	$2,764,000	–	18,698	–	0.00%	–
INTC	New	INTEL CORP	$2,658,000	–	47,350	–	0.00%	–
BAX	New	BAXTER INTL INC	$2,059,000	–	25,579	–	0.00%	–
MGM	New	MGM RESORTS INTERNATIONAL	$1,817,000	–	42,600	–	0.00%	–
REYN	New	REYNOLDS CONSUMER PRODS INC	$1,668,000	–	54,960	–	0.00%	–
TRN	New	TRINITY INDS INC	$1,528,000	–	56,820	–	0.00%	–
ITW	New	ILLINOIS TOOL WKS INC	$693,000	–	3,100	–	0.00%	–
JPM	New	JPMORGAN CHASE & CO	$830,000	–	5,337	–	0.00%	–
MSFT	New	MICROSOFT CORP	$474,000	–	1,750	–	0.00%	–
ST	New	SENSATA TECHNOLOGIES HLDG PL	$717,000	–	12,375	–	0.00%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$757,000	–	3,289	–	0.00%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$495,000	–	5,280	–	0.00%	–
FL	New	FOOT LOCKER INC	$247,000	–	4,000	–	0.00%	–
FDX	New	FEDEX CORP	$248,000	–	830	–	0.00%	–
BA	New	BOEING CO	$255,000	–	1,066	–	0.00%	–
RL	New	RALPH LAUREN CORPcl a	$212,000	–	1,800	–	0.00%	–
KMX	New	CARMAX INC	$242,000	–	1,875	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
CRM	Exit	SALESFORCE COM INC	$0	–	-800	–	0.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,150	–	-0.00%	–
BC	Exit	BRUNSWICK CORP	$0	–	-10,450	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,100	–	-0.00%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-19,945	–	-0.00%	–
WEX	Exit	WEX INC	$0	–	-7,655	–	-0.00%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-41,995	–	-0.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-21,137	–	-0.01%	–
LBRDA	Exit	LIBERTY BROADBAND CORP	$0	–	-14,900	–	-0.01%	–
BAX	Exit	BAXTER INTL INC	$0	–	-27,850	–	-0.01%	–
CB	Exit	CHUBB LIMITED	$0	–	-15,925	–	-0.01%	–
AON	Exit	AON PLC	$0	–	-10,660	–	-0.01%	–
FDX	Exit	FEDEX CORP	$0	–	-12,130	–	-0.01%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-276,350	–	-0.01%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-53,300	–	-0.01%	–
CLGX	Exit	CORELOGIC INC	$0	–	-87,972	–	-0.01%	–
WAB	Exit	WABTEC	$0	–	-103,611	–	-0.02%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-74,585	–	-0.02%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-227,178	–	-0.02%	–
DOV	Exit	DOVER CORP	$0	–	-108,836	–	-0.03%	–
MAS	Exit	MASCO CORP	$0	–	-219,345	–	-0.03%	–
QRVO	Exit	QORVO INC	$0	–	-111,514	–	-0.04%	–
CXO	Exit	CONCHO RES INC	$0	–	-349,220	–	-0.04%	–
ARMK	Exit	ARAMARK	$0	–	-664,760	–	-0.04%	–
EFX	Exit	EQUIFAX INC	$0	–	-116,843	–	-0.04%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-663,569	–	-0.05%	–
BG	Exit	BUNGE LIMITED	$0	–	-439,160	–	-0.05%	–
ACA	Exit	ARCOSA INC	$0	–	-538,760	–	-0.06%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-684,300	–	-0.06%	–
NDAQ	Exit	NASDAQ INC	$0	–	-227,380	–	-0.07%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-3,640,961	–	-0.07%	–
DIS	Exit	DISNEY WALT CO	$0	–	-237,662	–	-0.07%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-2,585,993	–	-0.08%	–
ALV	Exit	AUTOLIV INC	$0	–	-443,255	–	-0.08%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-1,734,400	–	-0.08%	–
VLRS	Exit	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$0	–	-4,772,988	–	-0.08%	–
BB	Exit	BLACKBERRY LTD	$0	–	-8,075,900	–	-0.09%	–
FL	Exit	FOOT LOCKER INC	$0	–	-1,521,070	–	-0.12%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-397,598	–	-0.13%	–
TRN	Exit	TRINITY INDS INC	$0	–	-2,850,666	–	-0.14%	–
HRI	Exit	HERC HLDGS INC	$0	–	-1,473,349	–	-0.14%	–
BLK	Exit	BLACKROCK INC	$0	–	-130,771	–	-0.18%	–
CRI	Exit	CARTERS INC	$0	–	-857,986	–	-0.18%	–
ARNC	Exit	ARCONIC CORPORATION	$0	–	-4,188,079	–	-0.19%	–
APA	Exit	APACHE CORP	$0	–	-8,857,500	–	-0.20%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-308,170	–	-0.22%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-3,401,745	–	-0.23%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-1,745,716	–	-0.23%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-1,296,244	–	-0.23%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-13,333,336	–	-0.23%	–
INTC	Exit	INTEL CORP	$0	–	-1,864,160	–	-0.24%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-727,110	–	-0.25%	–
HAL	Exit	HALLIBURTON CO	$0	–	-9,037,795	–	-0.26%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-12,209,616	–	-0.27%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-2,008,885	–	-0.28%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-3,123,449	–	-0.28%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-381,236	–	-0.29%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-889,560	–	-0.30%	–
AAPL	Exit	APPLE INC	$0	–	-1,069,340	–	-0.30%	–
THO	Exit	THOR INDS INC	$0	–	-1,381,574	–	-0.32%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-3,602,004	–	-0.32%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-989,107	–	-0.33%	–
CSL	Exit	CARLISLE COS INC	$0	–	-1,174,511	–	-0.35%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-7,057,116	–	-0.35%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-1,320,010	–	-0.37%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-6,637,916	–	-0.40%	–
POST	Exit	POST HLDGS INC	$0	–	-1,983,752	–	-0.42%	–
LIVN	Exit	LIVANOVA PLC	$0	–	-3,839,348	–	-0.42%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-483,670	–	-0.42%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-10,634,761	–	-0.46%	–
APTV	Exit	APTIV PLC	$0	–	-2,086,607	–	-0.47%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-11,714,233	–	-0.48%	–
TCOM	Exit	TRIP COM GROUP LTDads	$0	–	-6,382,157	–	-0.48%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION	$0	–	-8,072,283	–	-0.48%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-5,917,901	–	-0.50%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,738,255	–	-0.50%	–
EOG	Exit	EOG RES INC	$0	–	-5,952,659	–	-0.52%	–
IT	Exit	GARTNER INC	$0	–	-1,769,907	–	-0.54%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,223,024	–	-0.54%	–
EBAY	Exit	EBAY INC.	$0	–	-4,475,869	–	-0.57%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-5,812,963	–	-0.58%	–
BWA	Exit	BORGWARNER INC	$0	–	-6,575,713	–	-0.62%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,343,218	–	-0.66%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-6,526,569	–	-0.66%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-1,905,570	–	-0.66%	–
CMI	Exit	CUMMINS INC	$0	–	-1,295,729	–	-0.67%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-11,652,283	–	-0.67%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-6,539,715	–	-0.67%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-44,914,904	–	-0.68%	–
HWM	Exit	HOWMET AEROSPACE INC	$0	–	-16,824,509	–	-0.68%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-1,432,970	–	-0.71%	–
STT	Exit	STATE STR CORP	$0	–	-5,418,930	–	-0.78%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-14,854,349	–	-0.79%	–
HUM	Exit	HUMANA INC	$0	–	-845,155	–	-0.85%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-91,118,307	–	-0.86%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-666,295	–	-0.91%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-3,931,585	–	-0.91%	–
TV	Exit	GRUPO TELEVISA SAspon adr rep ord	$0	–	-63,260,536	–	-0.95%	–
LEA	Exit	LEAR CORP	$0	–	-3,658,379	–	-0.97%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-3,172,049	–	-0.98%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,942,608	–	-1.00%	–
ORCL	Exit	ORACLE CORP	$0	–	-6,946,761	–	-1.01%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-3,051,200	–	-1.11%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,007,633	–	-1.14%	–
KDP	Exit	KEURIG DR PEPPER INC	$0	–	-17,719,296	–	-1.19%	–
V	Exit	VISA INC	$0	–	-2,447,365	–	-1.19%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-14,139,130	–	-1.25%	–
MCO	Exit	MOODYS CORP	$0	–	-1,787,985	–	-1.26%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-7,372,050	–	-1.29%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-5,825,454	–	-1.43%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-2,843,210	–	-1.49%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,896,301	–	-1.50%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-14,769,575	–	-1.69%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-35,753,098	–	-1.83%	–
RYAAY	Exit	RYANAIR HOLDINGS PLCsponsored ads	$0	–	-9,301,550	–	-1.85%	–
ALLY	Exit	ALLY FINL INC	$0	–	-31,760,416	–	-1.94%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-17,698,579	–	-1.99%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-4,489,363	–	-2.07%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-31,354,106	–	-2.10%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,747,549	–	-2.13%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,678,530	–	-2.35%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-3,010,894	–	-2.48%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-708,358	–	-2.54%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-12,661,387	–	-2.63%	–
C	Exit	CITIGROUP INC	$0	–	-25,960,842	–	-2.72%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-9,229,275	–	-2.80%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-747,028	–	-3.11%	–
GM	Exit	GENERAL MTRS CO	$0	–	-44,718,820	–	-3.22%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-14,709,702	–	-3.50%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-2,750,406	–	-4.18%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-72,021,592	–	-4.22%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,447,993	–	-5.17%	–

Q3 2020

			Value		Shares		↓ Weighting
GOOGL	Sell	ALPHABET INCcap stk cl a	$2,122,179,000	-3.5%	1,447,993	-6.7%	5.17%	-3.4%
BAC	Sell	BK OF AMERICA CORP	$1,735,000,000	-2.1%	72,021,592	-3.5%	4.22%	-2.0%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$1,717,191,000	+9.4%	2,750,406	-10.6%	4.18%	+9.5%
TEL	Sell	TE CONNECTIVITY LTD	$1,437,726,000	+7.8%	14,709,702	-10.0%	3.50%	+7.9%
GM	Sell	GENERAL MTRS CO	$1,323,230,000	+12.7%	44,718,820	-3.6%	3.22%	+12.8%
BKNG	Sell	BOOKING HOLDINGS INC	$1,277,926,000	-0.4%	747,028	-7.3%	3.11%	-0.3%
HCA	Buy	HCA HEALTHCARE INC	$1,150,706,000	+47.8%	9,229,275	+15.0%	2.80%	+47.9%
C	Sell	CITIGROUP INC	$1,119,172,000	-28.7%	25,960,842	-15.4%	2.72%	-28.6%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$1,080,269,000	+10.9%	12,661,387	-4.5%	2.63%	+11.0%
GOOG	Sell	ALPHABET INCcap stk cl c	$1,041,010,000	+1.6%	708,358	-2.2%	2.54%	+1.8%
MA	Sell	MASTERCARD INCORPORATEDcl a	$1,018,194,000	-2.2%	3,010,894	-14.5%	2.48%	-2.2%
FB	Sell	FACEBOOK INCcl a	$963,407,000	+5.7%	3,678,530	-8.4%	2.35%	+5.8%
NFLX	Sell	NETFLIX INC	$873,827,000	-5.5%	1,747,549	-14.0%	2.13%	-5.4%
AIG	Sell	AMERICAN INTL GROUP INC	$863,179,000	-18.0%	31,354,106	-7.2%	2.10%	-17.9%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$850,779,000	-2.6%	4,489,363	-10.1%	2.07%	-2.5%
CMCSA	Sell	COMCAST CORP NEWcl a	$818,736,000	+4.8%	17,698,579	-11.7%	1.99%	+4.9%
ALLY	Sell	ALLY FINL INC	$796,234,000	+20.7%	31,760,416	-4.5%	1.94%	+20.8%
RYAAY	Sell	RYANAIR HOLDINGS PLCsponsored ads	$760,495,000	-9.5%	9,301,550	-26.6%	1.85%	-9.4%
LBTYA	Buy	LIBERTY GLOBAL PLC	$751,172,000	+4.2%	35,753,098	+8.4%	1.83%	+4.3%
CBRE	Buy	CBRE GROUP INCcl a	$693,727,000	+17.1%	14,769,575	+12.7%	1.69%	+17.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$616,738,000	+25.4%	2,896,301	+5.2%	1.50%	+25.6%
WDAY	Buy	WORKDAY INCcl a	$611,660,000	+19.6%	2,843,210	+4.1%	1.49%	+19.7%
A	Sell	AGILENT TECHNOLOGIES INC	$588,021,000	+6.5%	5,825,454	-6.7%	1.43%	+6.6%
COF	Sell	CAPITAL ONE FINL CORP	$529,755,000	+12.7%	7,372,050	-1.8%	1.29%	+12.9%
MCO	Sell	MOODYS CORP	$518,247,000	-23.5%	1,787,985	-27.5%	1.26%	-23.4%
SCHW	Sell	SCHWAB CHARLES CORP	$512,261,000	+0.5%	14,139,130	-6.4%	1.25%	+0.6%
V	Sell	VISA INC	$489,400,000	-0.2%	2,447,365	-3.6%	1.19%	-0.1%
KDP	New	KEURIG DR PEPPER INC	$489,053,000	–	17,719,296	–	1.19%	–
CVS	Sell	CVS HEALTH CORP	$467,646,000	-10.9%	8,007,633	-0.9%	1.14%	-10.8%
CAT	Sell	CATERPILLAR INC DEL	$455,086,000	+13.3%	3,051,200	-3.9%	1.11%	+13.4%
ORCL	Sell	ORACLE CORP	$414,722,000	+5.6%	6,946,761	-2.2%	1.01%	+5.8%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$410,465,000	+208.5%	2,942,608	+229.3%	1.00%	+208.3%
BIDU	Sell	BAIDU INCspon adr rep a	$401,550,000	-12.6%	3,172,049	-17.3%	0.98%	-12.5%
LEA	Sell	LEAR CORP	$398,946,000	-1.9%	3,658,379	-1.9%	0.97%	-1.8%
TV	Sell	GRUPO TELEVISA SAspon adr rep ord	$390,950,000	+15.2%	63,260,536	-2.3%	0.95%	+15.4%
RGA	Buy	REINSURANCE GRP OF AMERICA I	$374,247,000	+28.5%	3,931,585	+5.9%	0.91%	+28.7%
REGN	Sell	REGENERON PHARMACEUTICALS	$372,979,000	-51.3%	666,295	-45.7%	0.91%	-51.2%
CVE	Buy	CENOVUS ENERGY INC	$354,036,000	-16.0%	91,118,307	+0.8%	0.86%	-16.0%
HUM	Sell	HUMANA INC	$349,801,000	+5.6%	845,155	-1.0%	0.85%	+5.7%
MGM	Sell	MGM RESORTS INTERNATIONAL	$323,082,000	+28.9%	14,854,349	-0.4%	0.79%	+29.2%
STT	Sell	STATE STR CORP	$321,505,000	-9.3%	5,418,930	-2.8%	0.78%	-9.2%
PH	Sell	PARKER-HANNIFIN CORP	$289,947,000	+10.4%	1,432,970	-0.0%	0.71%	+10.5%
HWM	Sell	HOWMET AEROSPACE INC	$281,306,000	+5.0%	16,824,509	-0.5%	0.68%	+5.1%
GE	Buy	GENERAL ELECTRIC CO	$279,820,000	-4.8%	44,914,904	+4.4%	0.68%	-4.8%
OTEX	Sell	OPEN TEXT CORP	$275,542,000	-4.4%	6,539,715	-3.9%	0.67%	-4.3%
WFC	Buy	WELLS FARGO CO NEW	$273,945,000	+1.6%	11,652,283	+10.6%	0.67%	+1.7%
CMI	Sell	CUMMINS INC	$273,606,000	+1.7%	1,295,729	-16.5%	0.67%	+1.8%
LBRDK	Sell	LIBERTY BROADBAND CORP	$272,249,000	+12.4%	1,905,570	-2.5%	0.66%	+12.6%
PINS	Sell	PINTEREST INCcl a	$270,918,000	-26.0%	6,526,569	-60.5%	0.66%	-25.9%
GS	Sell	GOLDMAN SACHS GROUP INC	$269,946,000	+0.7%	1,343,218	-1.0%	0.66%	+0.8%
BWA	Sell	BORGWARNER INC	$254,743,000	-0.9%	6,575,713	-9.7%	0.62%	-0.8%
JCI	Buy	JOHNSON CTLS INTL PLC	$237,460,000	+22.7%	5,812,963	+2.5%	0.58%	+22.7%
EBAY	Sell	EBAY INC.	$233,193,000	-7.0%	4,475,869	-6.4%	0.57%	-6.9%
AXP	Buy	AMERICAN EXPRESS CO	$222,858,000	+6.0%	2,223,024	+0.6%	0.54%	+6.3%
IT	Buy	GARTNER INC	$221,150,000	+3.0%	1,769,907	+0.0%	0.54%	+3.1%
EOG	Sell	EOG RES INC	$213,938,000	-49.7%	5,952,659	-29.1%	0.52%	-49.7%
PM	Sell	PHILIP MORRIS INTL INC	$205,342,000	+6.8%	2,738,255	-0.2%	0.50%	+6.8%
BK	Sell	BANK NEW YORK MELLON CORP	$203,221,000	-14.3%	5,917,901	-3.6%	0.50%	-14.2%
NVST	Buy	ENVISTA HOLDINGS CORPORATION	$199,224,000	+25.3%	8,072,283	+7.1%	0.48%	+25.3%
TCOM	Sell	TRIP COM GROUP LTDads	$198,741,000	-10.6%	6,382,157	-25.6%	0.48%	-10.5%
IPG	Buy	INTERPUBLIC GROUP COS INC	$195,276,000	-2.3%	11,714,233	+0.6%	0.48%	-2.3%
APTV	Buy	APTIV PLC	$191,300,000	+17.7%	2,086,607	+0.0%	0.47%	+18.0%
DXC	Buy	DXC TECHNOLOGY CO	$189,831,000	+8.2%	10,634,761	+0.0%	0.46%	+8.2%
SPGI	Sell	S&P GLOBAL INC	$174,411,000	-30.8%	483,670	-36.7%	0.42%	-30.7%
LIVN	Buy	LIVANOVA PLC	$173,577,000	+9.7%	3,839,348	+16.8%	0.42%	+9.9%
POST	Buy	POST HLDGS INC	$170,603,000	+62.9%	1,983,752	+66.0%	0.42%	+62.7%
THC	Buy	TENET HEALTHCARE CORP	$162,695,000	+36.3%	6,637,916	+0.7%	0.40%	+36.6%
TMUS	Buy	T-MOBILE US INC	$150,956,000	+30.9%	1,320,010	+19.3%	0.37%	+31.4%
LBTYK	Sell	LIBERTY GLOBAL PLC	$144,918,000	-12.6%	7,057,116	-8.5%	0.35%	-12.4%
CSL	Buy	CARLISLE COS INC	$143,725,000	+17.2%	1,174,511	+14.6%	0.35%	+17.4%
GD	Buy	GENERAL DYNAMICS CORP	$136,922,000	+1.1%	989,107	+9.2%	0.33%	+1.2%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$133,033,000	+0.7%	3,602,004	-5.7%	0.32%	+0.9%
THO	Sell	THOR INDS INC	$131,609,000	-15.4%	1,381,574	-5.3%	0.32%	-15.3%
AAPL	Buy	APPLE INC	$123,840,000	-15.4%	1,069,340	+166.6%	0.30%	-15.2%
DEO	Sell	DIAGEO PLCspon adr new	$122,457,000	+1.5%	889,560	-0.9%	0.30%	+1.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$118,858,000	-38.4%	381,236	-41.7%	0.29%	-38.4%
LUV	Sell	SOUTHWEST AIRLS CO	$117,129,000	-29.7%	3,123,449	-35.9%	0.28%	-29.6%
HHC	Sell	HOWARD HUGHES CORP	$115,712,000	-6.3%	2,008,885	-15.5%	0.28%	-6.0%
NOV	Buy	NATIONAL OILWELL VARCO INC	$110,619,000	-2.9%	12,209,616	+31.2%	0.27%	-2.9%
HAL	Sell	HALLIBURTON CO	$108,905,000	-13.6%	9,037,795	-6.9%	0.26%	-13.7%
TXN	Sell	TEXAS INSTRS INC	$103,824,000	+6.2%	727,110	-5.6%	0.25%	+6.3%
INTC	Sell	INTEL CORP	$96,526,000	-21.7%	1,864,160	-9.5%	0.24%	-21.7%
QRTEA	Sell	QURATE RETAIL INC	$95,733,000	-56.4%	13,333,336	-42.3%	0.23%	-56.4%
MAN	Buy	MANPOWERGROUP INC	$95,054,000	+47.2%	1,296,244	+38.0%	0.23%	+47.1%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$94,059,000	+19.2%	1,745,716	-1.9%	0.23%	+19.3%
FLS	Buy	FLOWSERVE CORP	$92,834,000	+667.5%	3,401,745	+702.1%	0.23%	+679.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$90,595,000	+32.9%	308,170	-2.5%	0.22%	+33.1%
APA	Sell	APACHE CORP	$83,881,000	-64.5%	8,857,500	-49.4%	0.20%	-64.5%
ARNC	Sell	ARCONIC CORPORATION	$79,783,000	+28.8%	4,188,079	-5.8%	0.19%	+28.5%
CRI	Sell	CARTERS INC	$74,284,000	-9.2%	857,986	-15.4%	0.18%	-9.0%
BLK	Sell	BLACKROCK INC	$73,696,000	-5.2%	130,771	-8.5%	0.18%	-5.3%
HRI	Sell	HERC HLDGS INC	$58,359,000	+27.1%	1,473,349	-1.4%	0.14%	+26.8%
TRN	Sell	TRINITY INDS INC	$55,588,000	-14.5%	2,850,666	-6.7%	0.14%	-14.6%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$54,129,000	+13.3%	397,598	-0.6%	0.13%	+13.8%
FL	Sell	FOOT LOCKER INC	$50,241,000	-40.6%	1,521,070	-47.6%	0.12%	-40.8%
BB	Buy	BLACKBERRY LTD	$36,941,000	+5.6%	8,075,900	+12.2%	0.09%	+5.9%
VLRS	Sell	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$34,413,000	+26.6%	4,772,988	-7.3%	0.08%	+27.3%
GIL	Sell	GILDAN ACTIVEWEAR INC	$34,071,000	+22.7%	1,734,400	-3.6%	0.08%	+22.1%
ALV	Sell	AUTOLIV INC	$32,304,000	-5.4%	443,255	-16.2%	0.08%	-4.8%
PDCE	Buy	PDC ENERGY INC	$32,053,000	+84.3%	2,585,993	+85.0%	0.08%	+85.7%
DIS	Buy	DISNEY WALT CO	$29,489,000	+31.3%	237,662	+18.0%	0.07%	+30.9%
CHX	Buy	CHAMPIONX CORPORATION	$29,091,000	-0.5%	3,640,961	+21.5%	0.07%	0.0%
NDAQ	Sell	NASDAQ INC	$27,902,000	-2.3%	227,380	-4.9%	0.07%	-1.4%
SEE	Buy	SEALED AIR CORP NEW	$26,558,000	+461.2%	684,300	+375.1%	0.06%	+441.7%
ACA	Sell	ARCOSA INC	$23,754,000	-6.0%	538,760	-10.0%	0.06%	-4.9%
BG	New	BUNGE LIMITED	$20,070,000	–	439,160	–	0.05%	–
FANG	Sell	DIAMONDBACK ENERGY INC	$19,987,000	-79.9%	663,569	-72.2%	0.05%	-79.8%
EFX	Sell	EQUIFAX INC	$18,333,000	-15.3%	116,843	-7.2%	0.04%	-15.1%
ARMK	New	ARAMARK	$17,583,000	–	664,760	–	0.04%	–
CXO	Sell	CONCHO RES INC	$15,408,000	-82.0%	349,220	-79.0%	0.04%	-81.7%
QRVO	Sell	QORVO INC	$14,386,000	+7.5%	111,514	-7.9%	0.04%	+6.1%
DOV	Sell	DOVER CORP	$11,791,000	+11.9%	108,836	-0.3%	0.03%	+11.5%
MAS	Sell	MASCO CORP	$12,092,000	-66.1%	219,345	-69.1%	0.03%	-66.7%
CDK	Sell	CDK GLOBAL INC	$9,903,000	-1.3%	227,178	-6.2%	0.02%	0.0%
EEFT	Buy	EURONET WORLDWIDE INC	$6,795,000	+483.8%	74,585	+513.9%	0.02%	+466.7%
WAB	Sell	WABTEC	$6,411,000	+3.9%	103,611	-3.3%	0.02%	+6.7%
CLGX	Sell	CORELOGIC INC	$5,953,000	-97.3%	87,972	-97.3%	0.01%	-97.4%
CHRW	Sell	C H ROBINSON WORLDWIDE INC	$5,447,000	-10.5%	53,300	-30.8%	0.01%	-13.3%
FCAU	Sell	FIAT CHRYSLER AUTOMOBILES N	$3,377,000	-74.8%	276,350	-78.9%	0.01%	-75.8%
FDX	Sell	FEDEX CORP	$3,051,000	-76.4%	12,130	-86.8%	0.01%	-77.4%
AON	Sell	AON PLC	$2,199,000	-86.2%	10,660	-87.2%	0.01%	-87.2%
BAX	Sell	BAXTER INTL INC	$2,240,000	-26.3%	27,850	-21.1%	0.01%	-28.6%
CB	New	CHUBB LIMITED	$1,849,000	–	15,925	–	0.01%	–
LBRDA	Sell	LIBERTY BROADBAND CORP	$2,113,000	+15.3%	14,900	-0.7%	0.01%	+25.0%
AMTD	Buy	TD AMERITRADE HLDG CORP	$1,644,000	+128.7%	41,995	+112.4%	0.00%	+100.0%
WEX	Buy	WEX INC	$1,064,000	+19.4%	7,655	+41.8%	0.00%	+50.0%
PRGO	Buy	PERRIGO CO PLC	$916,000	+107.2%	19,945	+149.3%	0.00%	+100.0%
MSFT	Sell	MICROSOFT CORP	$452,000	-5.8%	2,150	-8.9%	0.00%	0.0%
CRM	Sell	SALESFORCE COM INC	$201,000	-66.4%	800	-75.0%	0.00%	-100.0%
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-9,970	–	-0.00%	–
HUBS	Exit	HUBSPOT INC	$0	–	-56,097	–	-0.03%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-239,830	–	-0.03%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-1,538,094	–	-0.40%	–

Q2 2020

			Value		Shares		↓ Weighting
GOOGL	New	ALPHABET INCcap stk cl a	$2,199,919,000	–	1,551,369	–	5.35%	–
BAC	New	BK OF AMERICA CORP	$1,772,938,000	–	74,650,002	–	4.31%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$1,569,815,000	–	3,077,825	–	3.82%	–
C	New	CITIGROUP INC	$1,568,656,000	–	30,697,773	–	3.82%	–
TEL	New	TE CONNECTIVITY LTD	$1,333,472,000	–	16,351,582	–	3.24%	–
BKNG	New	BOOKING HOLDINGS INC	$1,283,073,000	–	805,778	–	3.12%	–
GM	New	GENERAL MTRS CO	$1,174,174,000	–	46,410,057	–	2.86%	–
AIG	New	AMERICAN INTL GROUP INC	$1,052,982,000	–	33,771,062	–	2.56%	–
MA	New	MASTERCARD INCORPORATEDcl a	$1,041,590,000	–	3,522,455	–	2.53%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,024,163,000	–	724,497	–	2.49%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$974,181,000	–	13,263,190	–	2.37%	–
NFLX	New	NETFLIX INC	$925,135,000	–	2,033,085	–	2.25%	–
FB	New	FACEBOOK INCcl a	$911,446,000	–	4,013,941	–	2.22%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$873,900,000	–	4,995,139	–	2.13%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$840,773,000	–	12,673,688	–	2.04%	–
CMCSA	New	COMCAST CORP NEWcl a	$781,600,000	–	20,051,289	–	1.90%	–
HCA	New	HCA HEALTHCARE INC	$778,629,000	–	8,022,145	–	1.89%	–
REGN	New	REGENERON PHARMACEUTICALS	$765,357,000	–	1,227,221	–	1.86%	–
LBTYA	New	LIBERTY GLOBAL PLC	$721,059,000	–	32,985,333	–	1.75%	–
MCO	New	MOODYS CORP	$677,337,000	–	2,465,466	–	1.65%	–
ALLY	New	ALLY FINL INC	$659,630,000	–	33,264,227	–	1.60%	–
CBRE	New	CBRE GROUP INCcl a	$592,669,000	–	13,106,339	–	1.44%	–
A	New	AGILENT TECHNOLOGIES INC	$551,974,000	–	6,246,174	–	1.34%	–
CVS	New	CVS HEALTH CORP	$525,061,000	–	8,081,586	–	1.28%	–
WDAY	New	WORKDAY INCcl a	$511,581,000	–	2,730,473	–	1.24%	–
SCHW	New	SCHWAB CHARLES CORP	$509,933,000	–	15,113,604	–	1.24%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$491,657,000	–	2,754,227	–	1.20%	–
V	New	VISA INC	$490,457,000	–	2,538,992	–	1.19%	–
COF	New	CAPITAL ONE FINL CORP	$469,959,000	–	7,508,541	–	1.14%	–
BIDU	New	BAIDU INCspon adr rep a	$459,678,000	–	3,834,169	–	1.12%	–
EOG	New	EOG RES INC	$425,483,000	–	8,398,786	–	1.04%	–
CVE	New	CENOVUS ENERGY INC	$421,621,000	–	90,432,876	–	1.03%	–
LEA	New	LEAR CORP	$406,762,000	–	3,731,077	–	0.99%	–
CAT	New	CATERPILLAR INC DEL	$401,579,000	–	3,174,534	–	0.98%	–
ORCL	New	ORACLE CORP	$392,661,000	–	7,104,416	–	0.96%	–
PINS	New	PINTEREST INCcl a	$366,300,000	–	16,522,332	–	0.89%	–
STT	New	STATE STR CORP	$354,386,000	–	5,576,488	–	0.86%	–
TV	New	GRUPO TELEVISA SAspon adr rep ord	$339,295,000	–	64,750,973	–	0.82%	–
HUM	New	HUMANA INC	$331,142,000	–	854,010	–	0.81%	–
GE	New	GENERAL ELECTRIC CO	$293,890,000	–	43,029,393	–	0.72%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$291,221,000	–	3,712,660	–	0.71%	–
OTEX	New	OPEN TEXT CORP	$288,170,000	–	6,808,100	–	0.70%	–
WFC	New	WELLS FARGO CO NEW	$269,683,000	–	10,534,485	–	0.66%	–
CMI	New	CUMMINS INC	$268,989,000	–	1,552,518	–	0.65%	–
HWM	New	HOWMET AEROSPACE INC	$267,889,000	–	16,901,514	–	0.65%	–
GS	New	GOLDMAN SACHS GROUP INC	$268,022,000	–	1,356,246	–	0.65%	–
PH	New	PARKER HANNIFIN CORP	$262,664,000	–	1,433,211	–	0.64%	–
BWA	New	BORGWARNER INC	$257,043,000	–	7,281,684	–	0.62%	–
SPGI	New	S&P GLOBAL INC	$251,920,000	–	764,599	–	0.61%	–
EBAY	New	EBAY INC.	$250,842,000	–	4,782,511	–	0.61%	–
MGM	New	MGM RESORTS INTERNATIONAL	$250,551,000	–	14,913,703	–	0.61%	–
LBRDK	New	LIBERTY BROADBAND CORP	$242,285,000	–	1,954,538	–	0.59%	–
BK	New	BANK NEW YORK MELLON CORP	$237,263,000	–	6,138,760	–	0.58%	–
APA	New	APACHE CORP	$236,408,000	–	17,511,660	–	0.58%	–
TCOM	New	TRIP COM GROUP LTDads	$222,266,000	–	8,575,077	–	0.54%	–
CLGX	New	CORELOGIC INC	$222,006,000	–	3,302,680	–	0.54%	–
QRTEA	New	QURATE RETAIL INC	$219,609,000	–	23,116,686	–	0.53%	–
IT	New	GARTNER INC	$214,694,000	–	1,769,503	–	0.52%	–
AXP	New	AMERICAN EXPRESS CO	$210,271,000	–	2,208,728	–	0.51%	–
IPG	New	INTERPUBLIC GROUP COS INC	$199,850,000	–	11,646,275	–	0.49%	–
JCI	New	JOHNSON CTLS INTL PLC	$193,587,000	–	5,670,393	–	0.47%	–
UNH	New	UNITEDHEALTH GROUP INC	$192,896,000	–	653,997	–	0.47%	–
PM	New	PHILIP MORRIS INTL INC	$192,232,000	–	2,743,820	–	0.47%	–
DXC	New	DXC TECHNOLOGY CO	$175,464,000	–	10,634,180	–	0.43%	–
LUV	New	SOUTHWEST AIRLS CO	$166,522,000	–	4,871,914	–	0.40%	–
LBTYK	New	LIBERTY GLOBAL PLC	$165,866,000	–	7,711,111	–	0.40%	–
MTCH	New	MATCH GROUP INC	$164,653,000	–	1,538,094	–	0.40%	–
APTV	New	APTIV PLC	$162,519,000	–	2,085,717	–	0.40%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$158,973,000	–	7,537,829	–	0.39%	–
LIVN	New	LIVANOVA PLC	$158,171,000	–	3,286,338	–	0.38%	–
THO	New	THOR INDS INC	$155,496,000	–	1,459,642	–	0.38%	–
AAPL	New	APPLE INC	$146,334,000	–	401,135	–	0.36%	–
GD	New	GENERAL DYNAMICS CORP	$135,391,000	–	905,869	–	0.33%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$133,054,000	–	893,638	–	0.32%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$132,126,000	–	3,818,666	–	0.32%	–
HAL	New	HALLIBURTON CO	$126,072,000	–	9,712,785	–	0.31%	–
INTC	New	INTEL CORP	$123,299,000	–	2,060,827	–	0.30%	–
HHC	New	HOWARD HUGHES CORP	$123,519,000	–	2,377,656	–	0.30%	–
CSL	New	CARLISLE COS INC	$122,609,000	–	1,024,561	–	0.30%	–
DEO	New	DIAGEO P L Cspon adr new	$120,673,000	–	897,935	–	0.29%	–
THC	New	TENET HEALTHCARE CORP	$119,385,000	–	6,592,241	–	0.29%	–
TMUS	New	T-MOBILE US INC	$115,283,000	–	1,106,894	–	0.28%	–
NOV	New	NATIONAL OILWELL VARCO INC	$113,971,000	–	9,303,736	–	0.28%	–
POST	New	POST HLDGS INC	$104,722,000	–	1,195,188	–	0.26%	–
FANG	New	DIAMONDBACK ENERGY INC	$99,645,000	–	2,382,704	–	0.24%	–
TXN	New	TEXAS INSTRS INC	$97,805,000	–	770,298	–	0.24%	–
CXO	New	CONCHO RES INC	$85,570,000	–	1,661,536	–	0.21%	–
FL	New	FOOT LOCKER INC	$84,636,000	–	2,902,470	–	0.21%	–
CRI	New	CARTERS INC	$81,819,000	–	1,013,871	–	0.20%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$78,904,000	–	1,779,916	–	0.19%	–
BLK	New	BLACKROCK INC	$77,765,000	–	142,926	–	0.19%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$68,178,000	–	316,080	–	0.17%	–
TRN	New	TRINITY INDS INC	$65,044,000	–	3,055,151	–	0.16%	–
MAN	New	MANPOWERGROUP INC	$64,576,000	–	939,288	–	0.16%	–
ARNC	New	ARCONIC CORPORATION	$61,956,000	–	4,447,682	–	0.15%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$47,756,000	–	400,098	–	0.12%	–
HRI	New	HERC HLDGS INC	$45,913,000	–	1,494,089	–	0.11%	–
MAS	New	MASCO CORP	$35,658,000	–	710,175	–	0.09%	–
BB	New	BLACKBERRY LTD	$34,975,000	–	7,195,700	–	0.08%	–
ALV	New	AUTOLIV INC	$34,142,000	–	529,255	–	0.08%	–
CHX	New	CHAMPIONX CORPORATION	$29,241,000	–	2,996,054	–	0.07%	–
NDAQ	New	NASDAQ INC	$28,562,000	–	239,070	–	0.07%	–
GIL	New	GILDAN ACTIVEWEAR INC	$27,776,000	–	1,798,900	–	0.07%	–
VLRS	New	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$27,187,000	–	5,149,088	–	0.07%	–
ACA	New	ARCOSA INC	$25,276,000	–	598,951	–	0.06%	–
DIS	New	DISNEY WALT CO	$22,459,000	–	201,404	–	0.06%	–
EFX	New	EQUIFAX INC	$21,637,000	–	125,883	–	0.05%	–
PDCE	New	PDC ENERGY INC	$17,388,000	–	1,397,768	–	0.04%	–
AON	New	AON PLC	$15,980,000	–	82,969	–	0.04%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$13,386,000	–	1,307,244	–	0.03%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$13,615,000	–	239,830	–	0.03%	–
QRVO	New	QORVO INC	$13,377,000	–	121,024	–	0.03%	–
HUBS	New	HUBSPOT INC	$12,585,000	–	56,097	–	0.03%	–
FDX	New	FEDEX CORP	$12,912,000	–	92,085	–	0.03%	–
FLS	New	FLOWSERVE CORP	$12,096,000	–	424,125	–	0.03%	–
DOV	New	DOVER CORP	$10,538,000	–	109,136	–	0.03%	–
CDK	New	CDK GLOBAL INC	$10,035,000	–	242,273	–	0.02%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$6,088,000	–	77,000	–	0.02%	–
WAB	New	WABTEC	$6,169,000	–	107,158	–	0.02%	–
SEE	New	SEALED AIR CORP NEW	$4,732,000	–	144,038	–	0.01%	–
BAX	New	BAXTER INTL INC	$3,039,000	–	35,300	–	0.01%	–
JPM	New	JPMORGAN CHASE & CO	$1,988,000	–	21,137	–	0.01%	–
LBRDA	New	LIBERTY BROADBAND CORP	$1,833,000	–	15,000	–	0.00%	–
EEFT	New	EURONET WORLDWIDE INC	$1,164,000	–	12,150	–	0.00%	–
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$637,000	–	9,970	–	0.00%	–
WEX	New	WEX INC	$891,000	–	5,400	–	0.00%	–
AMTD	New	TD AMERITRADE HLDG CORP	$719,000	–	19,770	–	0.00%	–
BC	New	BRUNSWICK CORP	$669,000	–	10,450	–	0.00%	–
CRM	New	SALESFORCE COM INC	$599,000	–	3,200	–	0.00%	–
PRGO	New	PERRIGO CO PLC	$442,000	–	8,000	–	0.00%	–
MSFT	New	MICROSOFT CORP	$480,000	–	2,360	–	0.00%	–
ITW	New	ILLINOIS TOOL WKS INC	$542,000	–	3,100	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
RRC	Exit	RANGE RES CORP	$0	–	-20,000	–	0.00%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-3,800	–	0.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,500	–	-0.00%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-24,532	–	-0.00%	–
USB	Exit	US BANCORP DEL	$0	–	-6,000	–	-0.00%	–
KMX	Exit	CARMAX INC	$0	–	-8,575	–	-0.00%	–
BC	Exit	BRUNSWICK CORP	$0	–	-10,850	–	-0.00%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,200	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,100	–	-0.00%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-12,265	–	-0.00%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-25,825	–	-0.00%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-28,395	–	-0.00%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-47,750	–	-0.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-37,352	–	-0.01%	–
	Exit	CHESAPEAKE ENERGY CORPnote 5.500% 9/1	$0	–	-15,000,000	–	-0.02%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-307,871	–	-0.02%	–
QRVO	Exit	QORVO INC	$0	–	-137,664	–	-0.02%	–
WPP	Exit	WPP PLC NEWadr	$0	–	-169,300	–	-0.02%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-83,330	–	-0.02%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-253,273	–	-0.02%	–
DOV	Exit	DOVER CORP	$0	–	-128,018	–	-0.02%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-1,528,400	–	-0.03%	–
NDAQ	Exit	NASDAQ INC	$0	–	-161,855	–	-0.03%	–
ACA	Exit	ARCOSA INC	$0	–	-606,748	–	-0.04%	–
CDEV	Exit	CENTENNIAL RESOURCE DEV INCcl a	$0	–	-5,124,339	–	-0.04%	–
BAX	Exit	BAXTER INTL INC	$0	–	-309,709	–	-0.05%	–
EFX	Exit	EQUIFAX INC	$0	–	-195,713	–	-0.05%	–
MAS	Exit	MASCO CORP	$0	–	-768,630	–	-0.06%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-401,027	–	-0.07%	–
WAB	Exit	WABTEC CORP	$0	–	-494,854	–	-0.07%	–
THO	Exit	THOR INDS INC	$0	–	-646,637	–	-0.07%	–
CRTO	Exit	CRITEO S Aspons ads	$0	–	-2,277,000	–	-0.08%	–
WCC	Exit	WESCO INTL INC	$0	–	-914,751	–	-0.08%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-1,679,722	–	-0.09%	–
ALV	Exit	AUTOLIV INC	$0	–	-604,315	–	-0.09%	–
AON	Exit	AON PLC	$0	–	-259,192	–	-0.10%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLC	$0	–	-3,815,850	–	-0.10%	–
HRI	Exit	HERC HLDGS INC	$0	–	-1,133,705	–	-0.10%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-1,275,765	–	-0.12%	–
VLRS	Exit	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$0	–	-6,243,758	–	-0.12%	–
BLK	Exit	BLACKROCK INC	$0	–	-143,414	–	-0.12%	–
TRN	Exit	TRINITY INDS INC	$0	–	-3,479,975	–	-0.13%	–
APY	Exit	APERGY CORP	$0	–	-2,568,347	–	-0.14%	–
ADT	Exit	ADT INC	$0	–	-11,137,130	–	-0.14%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-61,725,001	–	-0.17%	–
CRI	Exit	CARTERS INC	$0	–	-1,007,515	–	-0.18%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-482,369	–	-0.18%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-2,128,391	–	-0.19%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-3,230,252	–	-0.24%	–
UA	Exit	UNDER ARMOUR INCcl c	$0	–	-6,811,177	–	-0.24%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-4,195,867	–	-0.24%	–
POST	Exit	POST HLDGS INC	$0	–	-1,268,301	–	-0.26%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-2,033,487	–	-0.26%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-6,421,062	–	-0.28%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-3,581,300	–	-0.28%	–
EOG	Exit	EOG RES INC	$0	–	-2,044,915	–	-0.30%	–
FL	Exit	FOOT LOCKER INC	$0	–	-3,603,955	–	-0.30%	–
CSL	Exit	CARLISLE COS INC	$0	–	-1,115,555	–	-0.32%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-767,591	–	-0.32%	–
FDX	Exit	FEDEX CORP	$0	–	-1,300,070	–	-0.37%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-1,196,977	–	-0.38%	–
APTV	Exit	APTIV PLC	$0	–	-2,250,781	–	-0.38%	–
LIVN	Exit	LIVANOVA PLC	$0	–	-2,666,344	–	-0.38%	–
CLGX	Exit	CORELOGIC INC	$0	–	-4,282,428	–	-0.38%	–
HUM	Exit	HUMANA INC	$0	–	-836,585	–	-0.42%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-880,684	–	-0.42%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-2,922,789	–	-0.44%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-23,386,285	–	-0.47%	–
BWA	Exit	BORGWARNER INC	$0	–	-6,636,439	–	-0.47%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-1,909,173	–	-0.48%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-5,762,366	–	-0.49%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-2,448,039	–	-0.50%	–
EBAY	Exit	EBAY INC	$0	–	-6,642,853	–	-0.50%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-12,267,851	–	-0.50%	–
IT	Exit	GARTNER INC	$0	–	-1,907,808	–	-0.53%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-12,827,997	–	-0.54%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,350,780	–	-0.54%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-1,723,843	–	-0.55%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,793,845	–	-0.56%	–
CMI	Exit	CUMMINS INC	$0	–	-1,852,984	–	-0.58%	–
HAL	Exit	HALLIBURTON CO	$0	–	-16,168,877	–	-0.59%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-2,470,864	–	-0.62%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-3,557,522	–	-0.62%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-13,799,815	–	-0.64%	–
CXO	Exit	CONCHO RES INC	$0	–	-4,961,812	–	-0.65%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-7,666,208	–	-0.67%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-6,864,312	–	-0.72%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,160,938	–	-0.76%	–
L100PS	Exit	ARCONIC INC	$0	–	-17,230,991	–	-0.87%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-3,575,282	–	-0.88%	–
INTC	Exit	INTEL CORP	$0	–	-8,771,703	–	-0.88%	–
STT	Exit	STATE STR CORP	$0	–	-7,896,594	–	-0.91%	–
LEA	Exit	LEAR CORP	$0	–	-4,012,662	–	-0.92%	–
V	Exit	VISA INC	$0	–	-2,782,504	–	-0.93%	–
APA	Exit	APACHE CORP	$0	–	-18,904,576	–	-0.94%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-17,998,141	–	-0.94%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,752,823	–	-0.95%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-18,777,934	–	-1.01%	–
AAPL	Exit	APPLE INC	$0	–	-2,356,747	–	-1.02%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-59,579,429	–	-1.09%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-11,126,014	–	-1.09%	–
TV	Exit	GRUPO TELEVISA SAspon adr rep ord	$0	–	-61,177,728	–	-1.16%	–
ORCL	Exit	ORACLE CORP	$0	–	-11,466,849	–	-1.22%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-6,224,701	–	-1.24%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-12,228,331	–	-1.26%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-5,513,094	–	-1.29%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-75,634,379	–	-1.31%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATI	$0	–	-16,182,762	–	-1.31%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-3,393,443	–	-1.36%	–
MCO	Exit	MOODYS CORP	$0	–	-3,455,852	–	-1.37%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-594,609	–	-1.41%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-8,298,666	–	-1.46%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-12,347,703	–	-1.51%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-60,580,052	–	-1.52%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-32,487,019	–	-1.56%	–
NFLX	Exit	NETFLIX INC	$0	–	-3,089,280	–	-1.60%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-20,725,873	–	-1.81%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-4,141,452	–	-2.23%	–
ALLY	Exit	ALLY FINL INC	$0	–	-35,179,830	–	-2.26%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-625,007	–	-2.38%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-4,668,045	–	-2.46%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-13,824,328	–	-2.50%	–
RYAAY	Exit	RYANAIR HLDGS PLCsponsored ads	$0	–	-20,261,808	–	-2.61%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-29,450,537	–	-3.18%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-20,623,704	–	-3.73%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-4,966,644	–	-3.97%	–
GM	Exit	GENERAL MTRS CO	$0	–	-57,971,007	–	-4.22%	–
C	Exit	CITIGROUP INC	$0	–	-35,495,711	–	-4.76%	–
BAC	Exit	BANK AMER CORP	$0	–	-84,912,898	–	-4.81%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,127,758	–	-5.03%	–

Q3 2019

			Value		Shares		↓ Weighting
GOOG	Sell	ALPHABET INCcap stk cl c	$2,593,742,000	+8.0%	2,127,758	-4.2%	5.03%	+14.0%
BAC	Sell	BANK AMER CORP	$2,476,909,000	-4.3%	84,912,898	-4.9%	4.81%	+1.1%
C	Sell	CITIGROUP INC	$2,452,044,000	-3.2%	35,495,711	-1.8%	4.76%	+2.2%
GM	Sell	GENERAL MTRS CO	$2,172,754,000	-6.7%	57,971,007	-4.1%	4.22%	-1.5%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,046,854,000	-6.9%	4,966,644	-10.7%	3.97%	-1.7%
TEL	Sell	TE CONNECTIVITY LTD	$1,921,717,000	-9.3%	20,623,704	-6.7%	3.73%	-4.2%
AIG	Sell	AMERICAN INTL GROUP INC	$1,640,395,000	-3.5%	29,450,537	-7.7%	3.18%	+1.9%
RYAAY	Buy	RYANAIR HLDGS PLCsponsored ads	$1,344,978,000	+5.5%	20,261,808	+1.9%	2.61%	+11.3%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$1,287,184,000	-6.2%	13,824,328	-1.6%	2.50%	-1.0%
MA	Sell	MASTERCARD INCcl a	$1,267,701,000	-16.8%	4,668,045	-19.0%	2.46%	-12.2%
BKNG	Sell	BOOKING HLDGS INC	$1,226,645,000	+3.5%	625,007	-1.2%	2.38%	+9.3%
ALLY	Sell	ALLY FINL INC	$1,166,563,000	+1.1%	35,179,830	-5.5%	2.26%	+6.7%
REGN	Buy	REGENERON PHARMACEUTICALS	$1,148,839,000	-6.2%	4,141,452	+5.8%	2.23%	-1.0%
CMCSA	Sell	COMCAST CORP NEWcl a	$934,322,000	-3.8%	20,725,873	-9.7%	1.81%	+1.6%
NFLX	Buy	NETFLIX INC	$826,753,000	-26.7%	3,089,280	+0.5%	1.60%	-22.6%
LBTYA	Buy	LIBERTY GLOBAL PLC	$804,054,000	-7.7%	32,487,019	+0.6%	1.56%	-2.6%
FCAU	Sell	FIAT CHRYSLER AUTOMOBILES N	$784,512,000	-8.9%	60,580,052	-2.7%	1.52%	-3.7%
CVS	Sell	CVS HEALTH CORP	$778,770,000	+13.8%	12,347,703	-1.7%	1.51%	+20.1%
COF	Sell	CAPITAL ONE FINL CORP	$755,012,000	-1.0%	8,298,666	-1.3%	1.46%	+4.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$726,101,000	+11.5%	594,609	-1.1%	1.41%	+17.7%
MCO	Sell	MOODYS CORP	$707,863,000	+0.6%	3,455,852	-4.1%	1.37%	+6.2%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$703,393,000	+4.2%	3,393,443	-1.0%	1.36%	+10.0%
SCHW	Buy	THE CHARLES SCHWAB CORPORATI	$676,924,000	+5.6%	16,182,762	+1.5%	1.31%	+11.5%
GE	Sell	GENERAL ELECTRIC CO	$676,172,000	-23.2%	75,634,379	-9.8%	1.31%	-19.0%
HCA	Buy	HCA HEALTHCARE INC	$663,886,000	-7.2%	5,513,094	+4.1%	1.29%	-2.1%
CBRE	Sell	CBRE GROUP INCcl a	$648,224,000	+0.2%	12,228,331	-3.0%	1.26%	+5.8%
BIDU	Buy	BAIDU INCspon adr rep a	$639,650,000	-3.9%	6,224,701	+9.8%	1.24%	+1.5%
ORCL	Sell	ORACLE CORP	$631,021,000	-4.8%	11,466,849	-1.5%	1.22%	+0.5%
TV	Buy	GRUPO TELEVISA SAspon adr rep ord	$598,318,000	+17.2%	61,177,728	+1.2%	1.16%	+23.8%
WFC	Sell	WELLS FARGO CO NEW	$561,196,000	+5.6%	11,126,014	-0.9%	1.09%	+11.5%
CVE	Sell	CENOVUS ENERGY INC	$559,344,000	+5.8%	59,579,429	-0.4%	1.09%	+11.7%
AAPL	Sell	APPLE INC	$527,841,000	-20.4%	2,356,747	-29.7%	1.02%	-16.0%
MGM	Sell	MGM RESORTS INTERNATIONAL	$520,524,000	-3.9%	18,777,934	-0.9%	1.01%	+1.5%
FB	Sell	FACEBOOK INCcl a	$490,222,000	-8.0%	2,752,823	-0.3%	0.95%	-2.9%
AAL	Sell	AMERICAN AIRLS GROUP INC	$485,410,000	-18.6%	17,998,141	-1.6%	0.94%	-14.1%
APA	Sell	APACHE CORP	$483,957,000	-13.2%	18,904,576	-1.8%	0.94%	-8.4%
V	Sell	VISA INC	$478,618,000	-20.3%	2,782,504	-19.6%	0.93%	-15.9%
LEA	Buy	LEAR CORP	$473,093,000	-6.4%	4,012,662	+10.6%	0.92%	-1.2%
STT	Sell	STATE STR CORP	$467,399,000	+2.2%	7,896,594	-3.2%	0.91%	+7.8%
INTC	Sell	INTEL CORP	$452,006,000	-0.9%	8,771,703	-7.9%	0.88%	+4.7%
CAT	Sell	CATERPILLAR INC DEL	$451,594,000	-7.9%	3,575,282	-0.6%	0.88%	-2.8%
L100PS	Sell	ARCONIC INC	$448,006,000	-3.2%	17,230,991	-3.8%	0.87%	+2.2%
PH	Sell	PARKER HANNIFIN CORP	$390,287,000	-1.9%	2,160,938	-7.6%	0.76%	+3.6%
LUV	Buy	SOUTHWEST AIRLS CO	$370,742,000	+20.2%	6,864,312	+13.0%	0.72%	+27.0%
BK	Sell	BANK NEW YORK MELLON CORP	$346,589,000	+1.5%	7,666,208	-0.9%	0.67%	+7.2%
CXO	Buy	CONCHO RES INC	$336,907,000	-16.3%	4,961,812	+27.2%	0.65%	-11.6%
LBTYK	Sell	LIBERTY GLOBAL PLC	$328,298,000	-50.3%	13,799,815	-44.6%	0.64%	-47.6%
FANG	Buy	DIAMONDBACK ENERGY INC	$319,857,000	+0.2%	3,557,522	+21.5%	0.62%	+6.0%
TXN	Sell	TEXAS INSTRS INC	$319,335,000	-24.6%	2,470,864	-33.1%	0.62%	-20.4%
HAL	Buy	HALLIBURTON CO	$304,784,000	-10.6%	16,168,877	+7.8%	0.59%	-5.6%
CMI	Sell	CUMMINS INC	$301,425,000	-5.6%	1,852,984	-0.5%	0.58%	-0.3%
PM	Sell	PHILIP MORRIS INTL INC	$288,067,000	-7.6%	3,793,845	-4.4%	0.56%	-2.4%
DEO	Sell	DIAGEO P L Cspon adr new	$281,883,000	-14.0%	1,723,843	-9.4%	0.55%	-9.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$279,922,000	+1.2%	1,350,780	-0.1%	0.54%	+6.7%
IPG	Buy	INTERPUBLIC GROUP COS INC	$276,572,000	-4.1%	12,827,997	+0.4%	0.54%	+1.3%
IT	Sell	GARTNER INC	$272,797,000	-11.2%	1,907,808	-0.0%	0.53%	-6.4%
NOV	Sell	NATIONAL OILWELL VARCO INC	$260,078,000	-18.1%	12,267,851	-14.2%	0.50%	-13.5%
EBAY	Sell	EBAY INC	$258,938,000	-1.3%	6,642,853	-0.0%	0.50%	+4.4%
LBRDK	Sell	LIBERTY BROADBAND CORP	$256,236,000	-4.0%	2,448,039	-4.4%	0.50%	+1.4%
JCI	Sell	JOHNSON CTLS INTL PLC	$252,910,000	-7.5%	5,762,366	-12.9%	0.49%	-2.4%
HHC	Sell	HOWARD HUGHES CORP	$247,429,000	+3.3%	1,909,173	-1.3%	0.48%	+9.1%
BWA	Buy	BORGWARNER INC	$243,425,000	-11.8%	6,636,439	+0.9%	0.47%	-6.9%
QRTEA	Sell	QURATE RETAIL INC	$241,230,000	-21.9%	23,386,285	-6.2%	0.47%	-17.6%
A	New	AGILENT TECHNOLOGIES INC	$223,973,000	–	2,922,789	–	0.44%	–
SPGI	Buy	S&P GLOBAL INC	$215,750,000	+7.5%	880,684	+0.0%	0.42%	+13.6%
HUM	New	HUMANA INC	$213,890,000	–	836,585	–	0.42%	–
CLGX	Buy	CORELOGIC INC	$198,148,000	+24.3%	4,282,428	+12.3%	0.38%	+31.4%
LIVN	Buy	LIVANOVA PLC	$196,750,000	+6.2%	2,666,344	+3.6%	0.38%	+12.0%
APTV	Sell	APTIV PLC	$196,763,000	+8.1%	2,250,781	-0.0%	0.38%	+14.4%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$193,216,000	-35.0%	1,196,977	-33.4%	0.38%	-31.3%
FDX	Sell	FEDEX CORP	$189,251,000	-12.0%	1,300,070	-0.7%	0.37%	-7.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$166,813,000	-16.7%	767,591	-6.5%	0.32%	-12.0%
CSL	Sell	CARLISLE COS INC	$162,358,000	-3.1%	1,115,555	-6.5%	0.32%	+2.3%
FL	Buy	FOOT LOCKER INC	$155,547,000	+3.0%	3,603,955	+0.1%	0.30%	+9.0%
EOG	Buy	EOG RES INC	$151,773,000	-11.5%	2,044,915	+11.1%	0.30%	-6.3%
OTEX	New	OPEN TEXT CORP	$146,173,000	–	3,581,300	–	0.28%	–
THC	Buy	TENET HEALTHCARE CORP	$142,034,000	+10.1%	6,421,062	+2.8%	0.28%	+16.5%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$134,902,000	-3.5%	2,033,487	-3.6%	0.26%	+1.9%
POST	Buy	POST HLDGS INC	$134,237,000	+7.1%	1,268,301	+5.2%	0.26%	+13.5%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$123,525,000	-3.4%	3,230,252	-1.6%	0.24%	+2.1%
UA	Buy	UNDER ARMOUR INCcl c	$123,487,000	-17.9%	6,811,177	+0.5%	0.24%	-13.4%
DXC	Buy	DXC TECHNOLOGY CO	$123,778,000	+463.1%	4,195,867	+952.7%	0.24%	+500.0%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$98,928,000	-6.5%	2,128,391	-21.2%	0.19%	-1.0%
WLTW	Sell	WILLIS TOWERS WATSON PUB LTD	$93,083,000	-82.7%	482,369	-82.8%	0.18%	-81.6%
CRI	Buy	CARTERS INC	$91,895,000	+4.1%	1,007,515	+11.3%	0.18%	+9.9%
CHK	Sell	CHESAPEAKE ENERGY CORP	$87,032,000	-28.2%	61,725,001	-0.7%	0.17%	-24.2%
ADT	Sell	ADT INC	$69,830,000	-1.4%	11,137,130	-3.7%	0.14%	+4.6%
APY	Buy	APERGY CORP	$69,474,000	-1.3%	2,568,347	+22.4%	0.14%	+4.7%
TRN	Buy	TRINITY INDS INC	$68,486,000	+38.8%	3,479,975	+46.3%	0.13%	+46.2%
BLK	Sell	BLACKROCK INC	$63,911,000	-6.6%	143,414	-1.7%	0.12%	-1.6%
VLRS	Sell	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$62,500,000	-1.9%	6,243,758	-8.1%	0.12%	+3.4%
AMTD	Buy	TD AMERITRADE HLDG CORP	$59,578,000	-6.3%	1,275,765	+0.2%	0.12%	-0.9%
HRI	Buy	HERC HLDGS INC	$52,729,000	+3.6%	1,133,705	+2.1%	0.10%	+8.5%
DLPH	Buy	DELPHI TECHNOLOGIES PLC	$51,132,000	-33.0%	3,815,850	+0.0%	0.10%	-29.3%
AON	Sell	AON PLC	$50,172,000	-17.9%	259,192	-18.2%	0.10%	-13.4%
ALV	Sell	AUTOLIV INC	$47,668,000	+2.4%	604,315	-8.5%	0.09%	+8.1%
PDCE	Sell	PDC ENERGY INC	$46,612,000	-45.9%	1,679,722	-29.7%	0.09%	-43.0%
WCC	Sell	WESCO INTL INC	$43,698,000	-5.7%	914,751	-0.1%	0.08%	0.0%
CRTO	Sell	CRITEO S Aspons ads	$42,557,000	+3.0%	2,277,000	-5.1%	0.08%	+9.2%
THO	Sell	THOR INDS INC	$36,626,000	-3.3%	646,637	-0.2%	0.07%	+1.4%
WAB	Sell	WABTEC CORP	$35,560,000	-2.3%	494,854	-2.4%	0.07%	+3.0%
CHRW	Sell	C H ROBINSON WORLDWIDE INC	$33,999,000	-2.4%	401,027	-2.9%	0.07%	+3.1%
MAS	Sell	MASCO CORP	$32,036,000	-4.5%	768,630	-10.1%	0.06%	0.0%
BAX	Sell	BAXTER INTL INC	$27,090,000	-77.7%	309,709	-79.1%	0.05%	-76.2%
EFX	Sell	EQUIFAX INC	$27,531,000	-7.0%	195,713	-10.6%	0.05%	-1.9%
CDEV	Buy	CENTENNIAL RESOURCE DEV INCcl a	$23,136,000	-33.3%	5,124,339	+12.1%	0.04%	-29.7%
ACA	Sell	ARCOSA INC	$20,757,000	-10.0%	606,748	-1.1%	0.04%	-4.8%
NDAQ	Buy	NASDAQ INC	$16,080,000	+59.8%	161,855	+54.7%	0.03%	+72.2%
SLCA	Buy	U S SILICA HLDGS INC	$14,612,000	-22.2%	1,528,400	+4.1%	0.03%	-20.0%
DOV	Sell	DOVER CORP	$12,745,000	-46.1%	128,018	-45.8%	0.02%	-41.9%
CDK	New	CDK GLOBAL INC	$12,180,000	–	253,273	–	0.02%	–
ZBH	Sell	ZIMMER BIOMET HLDGS INC	$11,439,000	+12.9%	83,330	-3.2%	0.02%	+15.8%
WPP	Buy	WPP PLC NEWadr	$10,596,000	+15.1%	169,300	+15.7%	0.02%	+23.5%
QRVO	Sell	QORVO INC	$10,206,000	+10.2%	137,664	-0.9%	0.02%	+17.6%
AXTA	Sell	AXALTA COATING SYS LTD	$9,282,000	-38.1%	307,871	-38.9%	0.02%	-35.7%
JPM	Sell	JPMORGAN CHASE & CO	$4,396,000	+2.9%	37,352	-2.3%	0.01%	+12.5%
FBHS	Sell	FORTUNE BRANDS HOME & SEC IN	$1,553,000	-7.1%	28,395	-2.9%	0.00%	0.0%
SLB	Sell	SCHLUMBERGER LTD	$1,632,000	-14.9%	47,750	-1.0%	0.00%	-25.0%
ETFC	Sell	E TRADE FINANCIAL CORP	$1,128,000	-7.0%	25,825	-5.1%	0.00%	0.0%
MAN	Sell	MANPOWERGROUP INC	$1,033,000	-16.6%	12,265	-4.3%	0.00%	0.0%
BKR	Sell	BAKER HUGHES A GE COcl a	$569,000	-27.0%	24,532	-22.4%	0.00%	0.0%
BC	Sell	BRUNSWICK CORP	$566,000	+7.8%	10,850	-5.2%	0.00%	0.0%
USB	Sell	US BANCORP DEL	$332,000	-40.7%	6,000	-43.9%	0.00%	0.0%
CRM	New	SALESFORCE COM INC	$475,000	–	3,200	–	0.00%	–
KMX	Sell	CARMAX INC	$755,000	-97.1%	8,575	-97.1%	0.00%	-97.9%
UL	Sell	UNILEVER PLCspon adr new	$228,000	-66.6%	3,800	-65.5%	0.00%	-100.0%
APC	Exit	ANADARKO PETE CORP	$0	–	-4,070	–	-0.00%	–
NOV	Exit	NATIONAL OILWELL VARCO INCcall	$0	–	-57,000	–	-0.01%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-121,824	–	-0.01%	–
DXC	Exit	DXC TECHNOLOGY COcall	$0	–	-38,000	–	-0.01%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-6,595,652	–	-0.16%	–

Q2 2019

			Value		Shares		↓ Weighting
BAC	New	BANK AMER CORP	$2,588,021,000	–	89,242,115	–	4.76%	–
C	New	CITIGROUP INC	$2,532,565,000	–	36,163,994	–	4.66%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,401,680,000	–	2,221,902	–	4.41%	–
GM	New	GENERAL MTRS CO	$2,328,825,000	–	60,441,886	–	4.28%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$2,198,875,000	–	5,564,234	–	4.04%	–
TEL	New	TE CONNECTIVITY LTD	$2,118,242,000	–	22,115,695	–	3.89%	–
AIG	New	AMERICAN INTL GROUP INC	$1,699,659,000	–	31,900,505	–	3.12%	–
MA	New	MASTERCARD INCcl a	$1,524,397,000	–	5,762,663	–	2.80%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$1,372,544,000	–	14,042,808	–	2.52%	–
RYAAY	New	RYANAIR HLDGS PLCsponsored ads	$1,274,980,000	–	19,878,084	–	2.34%	–
REGN	New	REGENERON PHARMACEUTICALS	$1,225,307,000	–	3,914,719	–	2.25%	–
BKNG	New	BOOKING HLDGS INC	$1,185,585,000	–	632,410	–	2.18%	–
ALLY	New	ALLY FINL INC	$1,153,758,000	–	37,230,016	–	2.12%	–
NFLX	New	NETFLIX INC	$1,128,553,000	–	3,072,396	–	2.07%	–
CMCSA	New	COMCAST CORP NEWcl a	$970,803,000	–	22,961,284	–	1.78%	–
GE	New	GENERAL ELECTRIC CO	$880,828,000	–	83,888,402	–	1.62%	–
LBTYA	New	LIBERTY GLOBAL PLC	$871,404,000	–	32,286,189	–	1.60%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$860,720,000	–	62,280,758	–	1.58%	–
COF	New	CAPITAL ONE FINL CORP	$762,590,000	–	8,404,128	–	1.40%	–
HCA	New	HCA HEALTHCARE INC	$715,780,000	–	5,295,402	–	1.32%	–
MCO	New	MOODYS CORP	$703,794,000	–	3,603,472	–	1.29%	–
CVS	New	CVS HEALTH CORP	$684,340,000	–	12,559,007	–	1.26%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$675,018,000	–	3,427,533	–	1.24%	–
BIDU	New	BAIDU INCspon adr rep a	$665,594,000	–	5,671,390	–	1.22%	–
ORCL	New	ORACLE CORP	$663,110,000	–	11,639,628	–	1.22%	–
AAPL	New	APPLE INC	$663,254,000	–	3,351,123	–	1.22%	–
LBTYK	New	LIBERTY GLOBAL PLC	$660,925,000	–	24,912,336	–	1.22%	–
GOOGL	New	ALPHABET INCcap stk cl a	$651,213,000	–	601,416	–	1.20%	–
CBRE	New	CBRE GROUP INCcl a	$646,905,000	–	12,610,231	–	1.19%	–
SCHW	New	THE CHARLES SCHWAB CORPORATI	$641,035,000	–	15,950,124	–	1.18%	–
V	New	VISA INC	$600,377,000	–	3,459,389	–	1.10%	–
AAL	New	AMERICAN AIRLS GROUP INC	$596,417,000	–	18,289,405	–	1.10%	–
APA	New	APACHE CORP	$557,721,000	–	19,251,673	–	1.02%	–
MGM	New	MGM RESORTS INTERNATIONAL	$541,464,000	–	18,952,172	–	1.00%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$536,581,000	–	2,801,402	–	0.99%	–
FB	New	FACEBOOK INCcl a	$532,730,000	–	2,760,263	–	0.98%	–
WFC	New	WELLS FARGO CO NEW	$531,441,000	–	11,230,780	–	0.98%	–
CVE	New	CENOVUS ENERGY INC	$528,844,000	–	59,832,619	–	0.97%	–
TV	New	GRUPO TELEVISA SAspon adr rep ord	$510,389,000	–	60,472,628	–	0.94%	–
LEA	New	LEAR CORP	$505,280,000	–	3,628,064	–	0.93%	–
CAT	New	CATERPILLAR INC DEL	$490,133,000	–	3,596,248	–	0.90%	–
L100PS	New	ARCONIC INC	$462,635,000	–	17,917,694	–	0.85%	–
STT	New	STATE STR CORP	$457,485,000	–	8,160,633	–	0.84%	–
INTC	New	INTEL CORP	$456,160,000	–	9,529,152	–	0.84%	–
TXN	New	TEXAS INSTRS INC	$423,596,000	–	3,691,142	–	0.78%	–
CXO	New	CONCHO RES INC	$402,462,000	–	3,900,576	–	0.74%	–
PH	New	PARKER HANNIFIN CORP	$397,800,000	–	2,339,861	–	0.73%	–
BK	New	BANK NEW YORK MELLON CORP	$341,484,000	–	7,734,648	–	0.63%	–
HAL	New	HALLIBURTON CO	$340,984,000	–	14,994,879	–	0.63%	–
DEO	New	DIAGEO P L Cspon adr new	$327,808,000	–	1,902,321	–	0.60%	–
CMI	New	CUMMINS INC	$319,192,000	–	1,862,918	–	0.59%	–
FANG	New	DIAMONDBACK ENERGY INC	$319,062,000	–	2,927,973	–	0.59%	–
NOV	New	NATIONAL OILWELL VARCO INC	$317,735,000	–	14,293,080	–	0.58%	–
PM	New	PHILIP MORRIS INTL INC	$311,713,000	–	3,969,343	–	0.57%	–
QRTEA	New	QURATE RETAIL INC	$308,957,000	–	24,935,924	–	0.57%	–
LUV	New	SOUTHWEST AIRLS CO	$308,506,000	–	6,075,345	–	0.57%	–
IT	New	GARTNER INC	$307,118,000	–	1,908,280	–	0.56%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$297,037,000	–	1,796,627	–	0.55%	–
IPG	New	INTERPUBLIC GROUP COS INC	$288,520,000	–	12,772,033	–	0.53%	–
GS	New	GOLDMAN SACHS GROUP INC	$276,678,000	–	1,352,287	–	0.51%	–
BWA	New	BORGWARNER INC	$276,024,000	–	6,575,139	–	0.51%	–
JCI	New	JOHNSON CTLS INTL PLC	$273,395,000	–	6,618,131	–	0.50%	–
LBRDK	New	LIBERTY BROADBAND CORP	$266,775,000	–	2,559,727	–	0.49%	–
EBAY	New	EBAY INC	$262,424,000	–	6,643,647	–	0.48%	–
HHC	New	HOWARD HUGHES CORP	$239,572,000	–	1,934,527	–	0.44%	–
FDX	New	FEDEX CORP	$215,006,000	–	1,309,497	–	0.40%	–
SPGI	New	S&P GLOBAL INC	$200,607,000	–	880,665	–	0.37%	–
UNH	New	UNITEDHEALTH GROUP INC	$200,360,000	–	821,115	–	0.37%	–
LIVN	New	LIVANOVA PLC	$185,255,000	–	2,574,414	–	0.34%	–
APTV	New	APTIV PLC	$181,948,000	–	2,251,003	–	0.33%	–
EOG	New	EOG RES INC	$171,496,000	–	1,840,873	–	0.32%	–
CSL	New	CARLISLE COS INC	$167,553,000	–	1,193,309	–	0.31%	–
CLGX	New	CORELOGIC INC	$159,467,000	–	3,812,273	–	0.29%	–
UA	New	UNDER ARMOUR INCcl c	$150,488,000	–	6,778,737	–	0.28%	–
FL	New	FOOT LOCKER INC	$150,944,000	–	3,600,755	–	0.28%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$139,800,000	–	2,110,182	–	0.26%	–
THC	New	TENET HEALTHCARE CORP	$129,033,000	–	6,245,537	–	0.24%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$127,899,000	–	3,281,136	–	0.24%	–
POST	New	POST HLDGS INC	$125,389,000	–	1,206,012	–	0.23%	–
BAX	New	BAXTER INTL INC	$121,593,000	–	1,484,646	–	0.22%	–
CHK	New	CHESAPEAKE ENERGY CORP	$121,157,000	–	62,131,994	–	0.22%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$105,802,000	–	2,701,091	–	0.19%	–
NWSA	New	NEWS CORP NEWcl a	$88,976,000	–	6,595,652	–	0.16%	–
CRI	New	CARTERS INC	$88,267,000	–	904,931	–	0.16%	–
PDCE	New	PDC ENERGY INC	$86,165,000	–	2,389,476	–	0.16%	–
DLPH	New	DELPHI TECHNOLOGIES PLC	$76,306,000	–	3,815,303	–	0.14%	–
ADT	New	ADT INC	$70,803,000	–	11,569,071	–	0.13%	–
APY	New	APERGY CORP	$70,388,000	–	2,098,628	–	0.13%	–
BLK	New	BLACKROCK INC	$68,448,000	–	145,852	–	0.13%	–
AMTD	New	TD AMERITRADE HLDG CORP	$63,590,000	–	1,273,845	–	0.12%	–
VLRS	New	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$63,713,000	–	6,792,450	–	0.12%	–
AON	New	AON PLC	$61,144,000	–	316,841	–	0.11%	–
HRI	New	HERC HLDGS INC	$50,894,000	–	1,110,486	–	0.09%	–
TRN	New	TRINITY INDS INC	$49,340,000	–	2,377,850	–	0.09%	–
ALV	New	AUTOLIV INC	$46,551,000	–	660,200	–	0.09%	–
WCC	New	WESCO INTL INC	$46,359,000	–	915,276	–	0.08%	–
CRTO	New	CRITEO S Aspons ads	$41,301,000	–	2,399,800	–	0.08%	–
THO	New	THOR INDS INC	$37,875,000	–	647,982	–	0.07%	–
WAB	New	WABTEC CORP	$36,402,000	–	507,272	–	0.07%	–
CDEV	New	CENTENNIAL RESOURCE DEV INCcl a	$34,703,000	–	4,572,136	–	0.06%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$34,822,000	–	412,823	–	0.06%	–
MAS	New	MASCO CORP	$33,563,000	–	855,320	–	0.06%	–
EFX	New	EQUIFAX INC	$29,619,000	–	219,012	–	0.05%	–
KMX	New	CARMAX INC	$25,782,000	–	296,926	–	0.05%	–
DOV	New	DOVER CORP	$23,651,000	–	236,042	–	0.04%	–
ACA	New	ARCOSA INC	$23,076,000	–	613,231	–	0.04%	–
DXC	New	DXC TECHNOLOGY CO	$21,982,000	–	398,576	–	0.04%	–
SLCA	New	U S SILICA HLDGS INC	$18,774,000	–	1,467,900	–	0.04%	–
AXTA	New	AXALTA COATING SYS LTD	$15,001,000	–	503,911	–	0.03%	–
	New	CHESAPEAKE ENERGY CORPnote 5.500% 9/1	$11,973,000	–	15,000,000	–	0.02%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$10,136,000	–	86,087	–	0.02%	–
NDAQ	New	NASDAQ INC	$10,062,000	–	104,625	–	0.02%	–
QRVO	New	QORVO INC	$9,258,000	–	138,984	–	0.02%	–
WPP	New	WPP PLC NEWadr	$9,204,000	–	146,300	–	0.02%	–
DXC	New	DXC TECHNOLOGY COcall	$5,985,000	–	38,000	–	0.01%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$5,525,000	–	121,824	–	0.01%	–
JPM	New	JPMORGAN CHASE & CO	$4,273,000	–	38,216	–	0.01%	–
NOV	New	NATIONAL OILWELL VARCO INCcall	$2,565,000	–	57,000	–	0.01%	–
SLB	New	SCHLUMBERGER LTD	$1,917,000	–	48,250	–	0.00%	–
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$1,671,000	–	29,245	–	0.00%	–
MAN	New	MANPOWERGROUP INC	$1,238,000	–	12,815	–	0.00%	–
ETFC	New	E TRADE FINANCIAL CORP	$1,213,000	–	27,200	–	0.00%	–
APC	New	ANADARKO PETE CORP	$287,000	–	4,070	–	0.00%	–
USB	New	US BANCORP DEL	$560,000	–	10,691	–	0.00%	–
UL	New	UNILEVER PLCspon adr new	$682,000	–	11,000	–	0.00%	–
BKR	New	BAKER HUGHES A GE COcl a	$779,000	–	31,632	–	0.00%	–
BC	New	BRUNSWICK CORP	$525,000	–	11,450	–	0.00%	–
MSFT	New	MICROSOFT CORP	$335,000	–	2,500	–	0.00%	–
ITW	New	ILLINOIS TOOL WKS INC	$468,000	–	3,100	–	0.00%	–
RRC	New	RANGE RES CORP	$140,000	–	20,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
JLL	Exit	JONES LANG LASALLE INC	$0	–	-1,950	–	0.00%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-5,350	–	0.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,500	–	0.00%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,000	–	0.00%	–
BC	Exit	BRUNSWICK CORP	$0	–	-13,200	–	-0.00%	–
RRC	Exit	RANGE RES CORP	$0	–	-20,000	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-4,000	–	-0.00%	–
FBHS	Exit	FORTUNE BRANDS HOME & SEC IN	$0	–	-26,975	–	-0.00%	–
USB	Exit	US BANCORP DEL	$0	–	-31,622	–	-0.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,574	–	-0.01%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-45,820	–	-0.01%	–
WPP	Exit	WPP PLC NEWadr	$0	–	-159,400	–	-0.02%	–
	Exit	CHESAPEAKE ENERGY CORPnote 5.500% 9/1	$0	–	-15,000,000	–	-0.02%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-557,571	–	-0.04%	–
TRN	Exit	TRINITY INDS INC	$0	–	-696,518	–	-0.04%	–
CDW	Exit	CDW CORP	$0	–	-298,581	–	-0.04%	–
EFX	Exit	EQUIFAX INC	$0	–	-206,558	–	-0.04%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-208,557	–	-0.04%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-1,009,791	–	-0.05%	–
THO	Exit	THOR INDS INC	$0	–	-434,958	–	-0.06%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-2,309,800	–	-0.07%	–
WCC	Exit	WESCO INTL INC	$0	–	-710,400	–	-0.07%	–
VLRS	Exit	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$0	–	-6,786,250	–	-0.08%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-596,483	–	-0.09%	–
BLK	Exit	BLACKROCK INC	$0	–	-126,838	–	-0.09%	–
HRI	Exit	HERC HLDGS INC	$0	–	-1,316,236	–	-0.11%	–
LIVN	Exit	LIVANOVA PLC	$0	–	-587,257	–	-0.11%	–
CRTO	Exit	CRITEO S Aspons ads	$0	–	-3,262,700	–	-0.12%	–
QRVO	Exit	QORVO INC	$0	–	-1,083,630	–	-0.13%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-2,518,624	–	-0.13%	–
APY	Exit	APERGY CORP	$0	–	-1,950,757	–	-0.13%	–
CSL	Exit	CARLISLE COS INC	$0	–	-775,870	–	-0.15%	–
CRI	Exit	CARTERS INC	$0	–	-1,001,364	–	-0.16%	–
POST	Exit	POST HLDGS INC	$0	–	-1,033,975	–	-0.16%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-3,107,258	–	-0.17%	–
DLPH	Exit	DELPHI TECHNOLOGIES PLC	$0	–	-3,812,758	–	-0.19%	–
CDEV	Exit	CENTENNIAL RESOURCE DEV INCcl a	$0	–	-5,857,751	–	-0.20%	–
USG	Exit	U S G CORP	$0	–	-3,110,502	–	-0.21%	–
COMM	Exit	COMMSCOPE HLDG CO INC	$0	–	-4,404,898	–	-0.21%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-2,552,037	–	-0.22%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-10,861,238	–	-0.22%	–
KMX	Exit	CARMAX INC	$0	–	-2,061,094	–	-0.24%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-3,264,905	–	-0.25%	–
ADT	Exit	ADT INC	$0	–	-18,219,029	–	-0.27%	–
UA	Exit	UNDER ARMOUR INCcl c	$0	–	-9,091,349	–	-0.28%	–
APTV	Exit	APTIV PLC	$0	–	-2,249,615	–	-0.30%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-71,800,681	–	-0.31%	–
CLGX	Exit	CORELOGIC INC	$0	–	-4,122,698	–	-0.32%	–
FL	Exit	FOOT LOCKER INC	$0	–	-4,154,730	–	-0.33%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-7,494,955	–	-0.34%	–
ADNT	Exit	ADIENT PLC	$0	–	-5,510,757	–	-0.34%	–
BWA	Exit	BORGWARNER INC	$0	–	-5,132,927	–	-0.34%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-1,767,552	–	-0.34%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-4,691,626	–	-0.36%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-2,744,121	–	-0.36%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-4,104,697	–	-0.40%	–
CMI	Exit	CUMMINS INC	$0	–	-1,895,394	–	-0.44%	–
DOV	Exit	DOVER CORP	$0	–	-3,169,814	–	-0.44%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-3,098,167	–	-0.46%	–
LEA	Exit	LEAR CORP	$0	–	-2,064,643	–	-0.47%	–
FLEX	Exit	FLEX LTDord	$0	–	-23,083,721	–	-0.48%	–
IT	Exit	GARTNER INC	$0	–	-1,932,960	–	-0.48%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-68,267,091	–	-0.48%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,387,825	–	-0.49%	–
FDX	Exit	FEDEX CORP	$0	–	-1,313,248	–	-0.50%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,963,521	–	-0.51%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,225,168	–	-0.54%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-15,098,092	–	-0.54%	–
AON	Exit	AON PLC	$0	–	-2,302,911	–	-0.56%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,741,857	–	-0.58%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,542,285	–	-0.61%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-11,744,631	–	-0.65%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-3,857,910	–	-0.65%	–
L100PS	Exit	ARCONIC INC	$0	–	-19,433,656	–	-0.67%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-8,102,397	–	-0.70%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,491,350	–	-0.72%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-2,109,122	–	-0.76%	–
INTC	Exit	INTEL CORP	$0	–	-10,212,903	–	-0.76%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-8,024,109	–	-0.78%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-10,273,504	–	-0.82%	–
BAX	Exit	BAXTER INTL INC	$0	–	-6,810,284	–	-0.82%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,496,348	–	-0.83%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-280,718	–	-0.88%	–
STT	Exit	STATE STR CORP	$0	–	-6,799,715	–	-0.90%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-7,071,701	–	-0.90%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-13,427,940	–	-0.93%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-21,772,023	–	-0.96%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-9,014,830	–	-0.96%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,629,897	–	-0.96%	–
QRTEA	Exit	QURATE RETAIL INC	$0	–	-27,854,389	–	-0.97%	–
MCO	Exit	MOODYS CORP	$0	–	-3,839,722	–	-1.01%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-23,236,699	–	-1.06%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-67,192,709	–	-1.06%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-16,622,725	–	-1.08%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-7,588,215	–	-1.13%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-2,724,321	–	-1.14%	–
AAPL	Exit	APPLE INC	$0	–	-3,689,592	–	-1.31%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-5,966,285	–	-1.33%	–
V	Exit	VISA INC	$0	–	-5,692,369	–	-1.34%	–
APA	Exit	APACHE CORP	$0	–	-18,569,065	–	-1.39%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-744,907	–	-1.41%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-25,735,910	–	-1.43%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-22,407,407	–	-1.52%	–
RYAAY	Exit	RYANAIR HLDGS PLCsponsored adr ne	$0	–	-10,356,063	–	-1.56%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-90,149,392	–	-1.60%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-58,213,810	–	-1.60%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-13,124,944	–	-1.62%	–
ALLY	Exit	ALLY FINL INC	$0	–	-39,568,743	–	-1.64%	–
TV	Exit	GRUPO TELEVISA SAspon adr rep ord	$0	–	-59,910,348	–	-1.67%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-23,114,588	–	-1.91%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-3,173,644	–	-2.02%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-9,731,267	–	-2.16%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-52,788,791	–	-2.34%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-12,277,114	–	-2.68%	–
ORCL	Exit	ORACLE CORP	$0	–	-35,476,858	–	-2.87%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-36,722,265	–	-3.07%	–
GM	Exit	GENERAL MTRS CO	$0	–	-59,901,871	–	-3.17%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-9,082,367	–	-3.18%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-6,703,968	–	-3.43%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-25,169,453	–	-3.48%	–
BAC	Exit	BANK AMER CORP	$0	–	-80,437,903	–	-3.72%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,300,088	–	-4.31%	–
C	Exit	CITIGROUP INC	$0	–	-39,094,716	–	-4.41%	–

Q3 2018

			Value		Shares		↓ Weighting
C	Sell	CITIGROUP INC	$2,804,655,000	+2.2%	39,094,716	-4.7%	4.41%	-0.7%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,745,091,000	+4.0%	2,300,088	-2.8%	4.31%	+1.1%
BAC	Buy	BANK AMER CORP	$2,369,701,000	+4.6%	80,437,903	+0.1%	3.72%	+1.7%
TEL	Buy	TE CONNECTIVITY LTD	$2,213,150,000	-1.5%	25,169,453	+0.9%	3.48%	-4.3%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,184,690,000	+10.3%	6,703,968	-0.8%	3.43%	+7.2%
MA	Sell	MASTERCARD INCORPORATEDcl a	$2,021,826,000	+0.2%	9,082,367	-11.5%	3.18%	-2.5%
GM	Sell	GENERAL MTRS CO	$2,016,896,000	-15.7%	59,901,871	-1.4%	3.17%	-18.1%
AIG	Sell	AMERICAN INTL GROUP INC	$1,955,093,000	-1.4%	36,722,265	-1.9%	3.07%	-4.2%
ORCL	Sell	ORACLE CORP	$1,829,186,000	+0.8%	35,476,858	-13.9%	2.87%	-2.0%
HCA	Sell	HCA HEALTHCARE INC	$1,707,992,000	+10.7%	12,277,114	-18.4%	2.68%	+7.6%
LBTYK	Buy	LIBERTY GLOBAL PLC	$1,486,532,000	+6.8%	52,788,791	+0.9%	2.34%	+3.9%
WLTW	Sell	WILLIS TOWERS WATSON PUB LTD	$1,371,525,000	-17.5%	9,731,267	-11.2%	2.16%	-19.8%
REGN	Buy	REGENERON PHARMACEUTICALS	$1,282,279,000	+18.0%	3,173,644	+0.8%	2.02%	+14.8%
WFC	Sell	WELLS FARGO CO NEW	$1,214,903,000	-10.9%	23,114,588	-6.0%	1.91%	-13.3%
TV	Sell	GRUPO TELEVISA SAspon adr rep ord	$1,062,810,000	-6.5%	59,910,348	-0.1%	1.67%	-9.0%
ALLY	Sell	ALLY FINL INC	$1,046,594,000	-1.4%	39,568,743	-2.0%	1.64%	-4.1%
CVS	Sell	CVS HEALTH CORP	$1,033,195,000	+19.0%	13,124,944	-2.7%	1.62%	+15.7%
FCAU	Buy	FIAT CHRYSLER AUTOMOBILES N	$1,019,323,000	+2.4%	58,213,810	+10.5%	1.60%	-0.4%
GE	Buy	GENERAL ELECTRIC CO	$1,017,786,000	-15.8%	90,149,392	+1.5%	1.60%	-18.2%
RYAAY	Buy	RYANAIR HLDGS PLCsponsored adr ne	$994,596,000	+161.1%	10,356,063	+210.6%	1.56%	+153.7%
NOV	Sell	NATIONAL OILWELL VARCO INC	$965,311,000	-4.8%	22,407,407	-4.1%	1.52%	-7.4%
CMCSA	Sell	COMCAST CORP NEWcl a	$911,309,000	+7.2%	25,735,910	-0.6%	1.43%	+4.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$899,162,000	+7.2%	744,907	+0.3%	1.41%	+4.3%
APA	Sell	APACHE CORP	$885,188,000	-0.2%	18,569,065	-2.1%	1.39%	-2.9%
V	Sell	VISA INC	$854,367,000	+11.6%	5,692,369	-1.5%	1.34%	+8.5%
DEO	Sell	DIAGEO P L Cspon adr new	$845,243,000	-2.2%	5,966,285	-0.6%	1.33%	-4.9%
AAPL	Sell	APPLE INC	$832,888,000	+21.3%	3,689,592	-0.6%	1.31%	+17.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$724,778,000	+0.8%	2,724,321	-7.1%	1.14%	-2.0%
COF	Sell	CAPITAL ONE FINL CORP	$720,350,000	+0.4%	7,588,215	-2.8%	1.13%	-2.3%
AAL	Sell	AMERICAN AIRLS GROUP INC	$687,017,000	+4.8%	16,622,725	-3.7%	1.08%	+1.9%
CVE	Buy	CENOVUS ENERGY INC	$674,214,000	+176.6%	67,192,709	+186.1%	1.06%	+168.8%
LBTYA	Buy	LIBERTY GLOBAL PLC	$672,238,000	+10.8%	23,236,699	+5.4%	1.06%	+7.6%
MCO	Sell	MOODYS CORP	$642,002,000	-3.6%	3,839,722	-1.6%	1.01%	-6.2%
QRTEA	Sell	QURATE RETAIL INC	$618,646,000	+2.2%	27,854,389	-2.3%	0.97%	-0.6%
NFLX	Sell	NETFLIX INC	$609,793,000	-8.8%	1,629,897	-4.6%	0.96%	-11.4%
MGM	Sell	MGM RESORTS INTERNATIONAL	$607,657,000	-4.4%	21,772,023	-0.5%	0.96%	-7.0%
APC	Buy	ANADARKO PETE CORP	$607,690,000	-7.9%	9,014,830	+0.1%	0.96%	-10.4%
CBRE	Sell	CBRE GROUP INCcl a	$592,172,000	-8.7%	13,427,940	-1.1%	0.93%	-11.3%
HLT	Buy	HILTON WORLDWIDE HLDGS INC	$571,252,000	+51.7%	7,071,701	+48.7%	0.90%	+47.7%
STT	Buy	STATE STR CORP	$569,680,000	-4.1%	6,799,715	+6.6%	0.90%	-6.7%
BKNG	Sell	BOOKING HLDGS INC	$556,945,000	-3.3%	280,718	-1.2%	0.88%	-5.9%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$526,759,000	+12.0%	3,496,348	-0.3%	0.83%	+8.9%
BAX	Sell	BAXTER INTL INC	$525,005,000	+3.1%	6,810,284	-1.3%	0.82%	+0.2%
BK	Buy	BANK NEW YORK MELLON CORP	$523,846,000	+0.0%	10,273,504	+5.8%	0.82%	-2.7%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$498,137,000	+7.0%	8,024,109	-4.6%	0.78%	+4.1%
INTC	Sell	INTEL CORP	$482,968,000	-6.2%	10,212,903	-1.4%	0.76%	-8.8%
BIDU	Sell	BAIDU INCspon adr rep a	$482,314,000	-31.8%	2,109,122	-27.5%	0.76%	-33.7%
PH	Buy	PARKER HANNIFIN CORP	$458,234,000	+18.1%	2,491,350	+0.0%	0.72%	+14.8%
UL	Buy	UNILEVER PLCspon adr new	$445,388,000	-0.5%	8,102,397	+0.0%	0.70%	-3.3%
L100PS	Sell	ARCONIC INC	$427,735,000	+21.5%	19,433,656	-6.1%	0.67%	+18.1%
TXN	Sell	TEXAS INSTRS INC	$413,915,000	-3.4%	3,857,910	-0.7%	0.65%	-6.1%
JCI	Sell	JOHNSON CTLS INTL PLC	$411,062,000	-3.5%	11,744,631	-7.8%	0.65%	-6.1%
CAT	Buy	CATERPILLAR INC DEL	$387,673,000	+26.7%	2,542,285	+12.8%	0.61%	+23.3%
MDT	Sell	MEDTRONIC PLC	$368,087,000	+11.0%	3,741,857	-3.4%	0.58%	+7.8%
AON	Sell	AON PLC	$354,142,000	+7.9%	2,302,911	-3.7%	0.56%	+4.9%
IPG	Sell	INTERPUBLIC GROUP COS INC	$345,293,000	-4.4%	15,098,092	-2.1%	0.54%	-7.0%
PM	Sell	PHILIP MORRIS INTL INC	$344,520,000	+0.4%	4,225,168	-0.6%	0.54%	-2.5%
FB	Sell	FACEBOOK INCcl a	$322,921,000	-16.8%	1,963,521	-1.7%	0.51%	-19.1%
FDX	Sell	FEDEX CORP	$316,217,000	+5.8%	1,313,248	-0.2%	0.50%	+2.9%
GS	Sell	GOLDMAN SACHS GROUP INC	$311,206,000	-1.9%	1,387,825	-3.5%	0.49%	-4.5%
CHK	Sell	CHESAPEAKE ENERGY CORP	$306,519,000	-14.4%	68,267,091	-0.1%	0.48%	-16.6%
IT	Buy	GARTNER INC	$306,374,000	+35.5%	1,932,960	+13.6%	0.48%	+31.8%
FLEX	Buy	FLEX LTDord	$302,858,000	+107.9%	23,083,721	+123.5%	0.48%	+102.6%
LEA	Buy	LEAR CORP	$299,373,000	+5.4%	2,064,643	+35.0%	0.47%	+2.4%
DXC	Buy	DXC TECHNOLOGY CO	$289,740,000	+1141.1%	3,098,167	+969.8%	0.46%	+1097.4%
DOV	Sell	DOVER CORP	$280,624,000	-2.0%	3,169,814	-19.0%	0.44%	-4.8%
CMI	Buy	CUMMINS INC	$276,860,000	+22.8%	1,895,394	+11.8%	0.44%	+19.5%
LUV	Buy	SOUTHWEST AIRLS CO	$256,338,000	+55.5%	4,104,697	+26.7%	0.40%	+51.5%
LBRDK	Buy	LIBERTY BROADBAND CORP	$231,329,000	+13.9%	2,744,121	+2.3%	0.36%	+10.7%
SCHW	New	SCHWAB CHARLES CORP NEW	$230,594,000	–	4,691,626	–	0.36%	–
BWA	Buy	BORGWARNER INC	$219,587,000	+3.0%	5,132,927	+4.0%	0.34%	+0.3%
HHC	Sell	HOWARD HUGHES CORP	$219,565,000	-6.4%	1,767,552	-0.2%	0.34%	-9.0%
ADNT	Buy	ADIENT PLC	$216,628,000	-4.3%	5,510,757	+19.7%	0.34%	-7.1%
THC	Buy	TENET HEALTHCARE CORP	$213,306,000	-13.5%	7,494,955	+2.1%	0.34%	-15.8%
FL	Sell	FOOT LOCKER INC	$211,808,000	-3.2%	4,154,730	-0.0%	0.33%	-5.9%
CLGX	Buy	CORELOGIC INC	$203,703,000	-0.7%	4,122,698	+4.3%	0.32%	-3.6%
WFTIQ	Buy	WEATHERFORD INTL PLC	$194,580,000	-4.9%	71,800,681	+15.4%	0.31%	-7.6%
APTV	Buy	APTIV PLC	$188,743,000	-8.4%	2,249,615	+0.0%	0.30%	-10.8%
UA	Buy	UNDER ARMOUR INCcl c	$176,918,000	-6.2%	9,091,349	+1.6%	0.28%	-8.9%
ADT	Sell	ADT INC	$171,077,000	+3.9%	18,219,029	-4.3%	0.27%	+1.1%
PDCE	Buy	PDC ENERGY INC	$159,850,000	-18.8%	3,264,905	+0.3%	0.25%	-21.1%
KMX	Sell	CARMAX INC	$153,902,000	-45.2%	2,061,094	-46.6%	0.24%	-46.7%
NWSA	Sell	NEWS CORP NEWcl a	$143,260,000	-41.7%	10,861,238	-31.5%	0.22%	-43.3%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$139,009,000	+10.4%	2,552,037	-1.5%	0.22%	+7.4%
COMM	Sell	COMMSCOPE HLDG CO INC	$135,495,000	-37.3%	4,404,898	-40.5%	0.21%	-39.0%
USG	Sell	U S G CORP	$134,716,000	-42.8%	3,110,502	-43.1%	0.21%	-44.4%
CDEV	Buy	CENTENNIAL RESOURCE DEV INCcl a	$127,992,000	+162.4%	5,857,751	+116.9%	0.20%	+154.4%
DLPH	Buy	DELPHI TECHNOLOGIES PLC	$119,568,000	+251.3%	3,812,758	+409.2%	0.19%	+241.8%
GLPI	Buy	GAMING & LEISURE PPTYS INC	$109,531,000	-0.8%	3,107,258	+0.7%	0.17%	-3.4%
POST	New	POST HLDGS INC	$101,371,000	–	1,033,975	–	0.16%	–
CRI	Sell	CARTERS INC	$98,734,000	-9.3%	1,001,364	-0.3%	0.16%	-11.9%
CSL	Buy	CARLISLE COS INC	$94,501,000	+51.4%	775,870	+34.6%	0.15%	+46.5%
BKR	Sell	BAKER HUGHES A GE COcl a	$85,205,000	-6.6%	2,518,624	-8.8%	0.13%	-8.8%
APY	Sell	APERGY CORP	$84,975,000	+4.2%	1,950,757	-0.2%	0.13%	+1.5%
QRVO	Sell	QORVO INC	$83,320,000	-4.8%	1,083,630	-0.7%	0.13%	-7.1%
CRTO	Sell	CRITEO S Aspons ads	$74,846,000	-36.2%	3,262,700	-8.6%	0.12%	-37.6%
LIVN	Sell	LIVANOVA PLC	$72,802,000	+17.2%	587,257	-5.6%	0.11%	+14.0%
HRI	Buy	HERC HLDGS INC	$67,391,000	-6.2%	1,316,236	+3.2%	0.11%	-8.6%
BLK	Buy	BLACKROCK INC	$59,783,000	+11.3%	126,838	+17.8%	0.09%	+8.0%
CHRW	Sell	C H ROBINSON WORLDWIDE INC	$58,408,000	-12.0%	596,483	-24.8%	0.09%	-14.0%
VLRS	Buy	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$50,625,000	+99.0%	6,786,250	+35.5%	0.08%	+95.1%
WCC	Sell	WESCO INTL INC	$43,654,000	+7.6%	710,400	-0.0%	0.07%	+4.5%
SLCA	Buy	U S SILICA HLDGS INC	$43,494,000	+69.9%	2,309,800	+131.7%	0.07%	+65.9%
THO	Buy	THOR INDS INC	$36,406,000	+2737.6%	434,958	+3201.1%	0.06%	+2750.0%
AXTA	Sell	AXALTA COATING SYS LTD	$29,446,000	-40.9%	1,009,791	-38.6%	0.05%	-43.2%
ZBH	Sell	ZIMMER BIOMET HLDGS INC	$27,419,000	+11.5%	208,557	-5.5%	0.04%	+7.5%
EFX	Buy	EQUIFAX INC	$26,970,000	+19.8%	206,558	+14.8%	0.04%	+16.7%
CDW	Sell	CDW CORP	$26,550,000	-75.7%	298,581	-77.9%	0.04%	-76.1%
TRN	Buy	TRINITY INDS INC	$25,520,000	+7.0%	696,518	+0.0%	0.04%	+2.6%
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$24,622,000	–	557,571	–	0.04%	–
WPP	Sell	WPP PLC NEWadr	$11,679,000	-10.8%	159,400	-4.3%	0.02%	-14.3%
JPM	Sell	JPMORGAN CHASE & CO	$4,466,000	-90.7%	39,574	-91.4%	0.01%	-91.0%
ELLI	Buy	ELLIE MAE INC	$4,342,000	+9.3%	45,820	+19.8%	0.01%	+16.7%
USB	Sell	US BANCORP DEL	$1,670,000	-59.3%	31,622	-61.5%	0.00%	-57.1%
FBHS	New	FORTUNE BRANDS HOME & SEC IN	$1,412,000	–	26,975	–	0.00%	–
ITW	Sell	ILLINOIS TOOL WKS INC	$564,000	-14.3%	4,000	-15.8%	0.00%	0.0%
BC	Sell	BRUNSWICK CORP	$885,000	+3.1%	13,200	-0.8%	0.00%	0.0%
MSFT	Sell	MICROSOFT CORP	$286,000	+11.7%	2,500	-3.8%	0.00%	–
JLL	Sell	JONES LANG LASALLE INC	$281,000	-98.0%	1,950	-97.7%	0.00%	-100.0%
PFG	Sell	PRINCIPAL FINL GROUP INC	$313,000	-97.1%	5,350	-97.4%	0.00%	-100.0%
DATA	Exit	TABLEAU SOFTWARE INCcl a	$0	–	-18,800	–	-0.00%	–
ABBV	Exit	ABBVIE INC	$0	–	-22,429	–	-0.00%	–
OSK	Exit	OSHKOSH CORP	$0	–	-127,500	–	-0.01%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-341,307	–	-0.02%	–
LW	Exit	LAMB WESTON HLDGS INC	$0	–	-488,058	–	-0.05%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-965,641	–	-0.16%	–

Q2 2018

			Value		Shares		↓ Weighting
C	New	CITIGROUP INC	$2,744,819,000	–	41,016,421	–	4.44%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,639,776,000	–	2,366,129	–	4.27%	–
GM	New	GENERAL MTRS CO	$2,392,947,000	–	60,734,709	–	3.87%	–
BAC	New	BANK AMER CORP	$2,265,163,000	–	80,353,421	–	3.66%	–
TEL	New	TE CONNECTIVITY LTD	$2,247,391,000	–	24,954,372	–	3.63%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,016,843,000	–	10,262,790	–	3.26%	–
AIG	New	AMERICAN INTL GROUP INC	$1,983,778,000	–	37,415,653	–	3.21%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$1,981,106,000	–	6,756,610	–	3.20%	–
ORCL	New	ORACLE CORP	$1,815,215,000	–	41,198,686	–	2.93%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$1,662,098,000	–	10,963,703	–	2.69%	–
HCA	New	HCA HEALTHCARE INC	$1,543,358,000	–	15,042,474	–	2.49%	–
LBTYK	New	LIBERTY GLOBAL PLC	$1,391,643,000	–	52,297,766	–	2.25%	–
WFC	New	WELLS FARGO CO NEW	$1,363,583,000	–	24,595,652	–	2.20%	–
GE	New	GENERAL ELECTRIC CO	$1,209,387,000	–	88,860,156	–	1.95%	–
TV	New	GRUPO TELEVISA SAspon adr rep ord	$1,136,352,000	–	59,965,807	–	1.84%	–
REGN	New	REGENERON PHARMACEUTICALS	$1,086,262,000	–	3,148,677	–	1.76%	–
ALLY	New	ALLY FINL INC	$1,061,145,000	–	40,393,795	–	1.72%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,014,188,000	–	23,368,396	–	1.64%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$994,969,000	–	52,671,757	–	1.61%	–
APA	New	APACHE CORP	$886,790,000	–	18,968,777	–	1.43%	–
CVS	New	CVS HEALTH CORP	$868,011,000	–	13,488,896	–	1.40%	–
DEO	New	DIAGEO P L Cspon adr new	$864,387,000	–	6,002,267	–	1.40%	–
CMCSA	New	COMCAST CORP NEWcl a	$849,804,000	–	25,900,770	–	1.37%	–
GOOGL	New	ALPHABET INCcap stk cl a	$838,582,000	–	742,640	–	1.36%	–
V	New	VISA INC	$765,423,000	–	5,778,961	–	1.24%	–
UNH	New	UNITEDHEALTH GROUP INC	$719,302,000	–	2,931,856	–	1.16%	–
COF	New	CAPITAL ONE FINL CORP	$717,243,000	–	7,804,606	–	1.16%	–
BIDU	New	BAIDU INCspon adr rep a	$707,249,000	–	2,910,492	–	1.14%	–
AAPL	New	APPLE INC	$686,884,000	–	3,710,683	–	1.11%	–
NFLX	New	NETFLIX INC	$668,973,000	–	1,709,050	–	1.08%	–
MCO	New	MOODYS CORP	$665,753,000	–	3,903,333	–	1.08%	–
APC	New	ANADARKO PETE CORP	$659,936,000	–	9,009,363	–	1.07%	–
AAL	New	AMERICAN AIRLS GROUP INC	$655,290,000	–	17,262,654	–	1.06%	–
CBRE	New	CBRE GROUP INCcl a	$648,458,000	–	13,583,119	–	1.05%	–
MGM	New	MGM RESORTS INTERNATIONAL	$635,397,000	–	21,887,621	–	1.03%	–
LBTYA	New	LIBERTY GLOBAL PLC	$606,959,000	–	22,039,201	–	0.98%	–
QRTEA	New	QURATE RETAIL INC	$605,137,000	–	28,517,266	–	0.98%	–
STT	New	STATE STR CORP	$593,743,000	–	6,378,155	–	0.96%	–
BKNG	New	BOOKING HLDGS INC	$575,692,000	–	283,999	–	0.93%	–
BK	New	BANK NEW YORK MELLON CORP	$523,749,000	–	9,711,639	–	0.85%	–
INTC	New	INTEL CORP	$515,127,000	–	10,362,636	–	0.83%	–
BAX	New	BAXTER INTL INC	$509,426,000	–	6,899,053	–	0.82%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$470,442,000	–	3,507,102	–	0.76%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$465,579,000	–	8,413,076	–	0.75%	–
UL	New	UNILEVER PLCspon adr new	$447,774,000	–	8,100,119	–	0.72%	–
TXN	New	TEXAS INSTRS INC	$428,394,000	–	3,885,658	–	0.69%	–
JCI	New	JOHNSON CTLS INTL PLC	$425,908,000	–	12,732,661	–	0.69%	–
PH	New	PARKER HANNIFIN CORP	$388,157,000	–	2,490,585	–	0.63%	–
FB	New	FACEBOOK INCcl a	$388,080,000	–	1,997,119	–	0.63%	–
RYAAY	New	RYANAIR HLDGS PLCsponsored adr ne	$380,928,000	–	3,334,741	–	0.62%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$376,517,000	–	4,756,400	–	0.61%	–
IPG	New	INTERPUBLIC GROUP COS INC	$361,320,000	–	15,414,677	–	0.58%	–
CHK	New	CHESAPEAKE ENERGY CORP	$357,902,000	–	68,301,726	–	0.58%	–
L100PS	New	ARCONIC INC	$352,010,000	–	20,694,306	–	0.57%	–
PM	New	PHILIP MORRIS INTL INC	$343,281,000	–	4,251,689	–	0.56%	–
MDT	New	MEDTRONIC PLC	$331,514,000	–	3,872,374	–	0.54%	–
AON	New	AON PLC	$328,167,000	–	2,392,409	–	0.53%	–
GS	New	GOLDMAN SACHS GROUP INC	$317,106,000	–	1,437,665	–	0.51%	–
CAT	New	CATERPILLAR INC DEL	$305,893,000	–	2,254,685	–	0.49%	–
FDX	New	FEDEX CORP	$298,820,000	–	1,316,041	–	0.48%	–
DOV	New	DOVER CORP	$286,326,000	–	3,911,557	–	0.46%	–
LEA	New	LEAR CORP	$284,140,000	–	1,529,198	–	0.46%	–
KMX	New	CARMAX INC	$281,094,000	–	3,857,472	–	0.45%	–
THC	New	TENET HEALTHCARE CORP	$246,524,000	–	7,343,586	–	0.40%	–
NWSA	New	NEWS CORP NEWcl a	$245,812,000	–	15,858,868	–	0.40%	–
CVE	New	CENOVUS ENERGY INC	$243,743,000	–	23,489,502	–	0.39%	–
USG	New	U S G CORP	$235,555,000	–	5,462,769	–	0.38%	–
HHC	New	HOWARD HUGHES CORP	$234,702,000	–	1,771,333	–	0.38%	–
ADNT	New	ADIENT PLC	$226,373,000	–	4,602,017	–	0.37%	–
IT	New	GARTNER INC	$226,148,000	–	1,701,640	–	0.36%	–
CMI	New	CUMMINS INC	$225,547,000	–	1,695,836	–	0.36%	–
FL	New	FOOT LOCKER INC	$218,818,000	–	4,156,080	–	0.35%	–
COMM	New	COMMSCOPE HLDG CO INC	$216,182,000	–	7,402,214	–	0.35%	–
BWA	New	BORGWARNER INC	$213,116,000	–	4,937,818	–	0.34%	–
APTV	New	APTIV PLC	$206,077,000	–	2,249,005	–	0.33%	–
CLGX	New	CORELOGIC INC	$205,179,000	–	3,953,354	–	0.33%	–
WFTIQ	New	WEATHERFORD INTL PLC	$204,713,000	–	62,222,909	–	0.33%	–
LBRDK	New	LIBERTY BROADBAND CORP	$203,120,000	–	2,682,509	–	0.33%	–
PDCE	New	PDC ENERGY INC	$196,769,000	–	3,255,065	–	0.32%	–
UA	New	UNDER ARMOUR INCcl c	$188,694,000	–	8,951,323	–	0.30%	–
ADT	New	ADT INC	$164,651,000	–	19,034,830	–	0.27%	–
LUV	New	SOUTHWEST AIRLS CO	$164,805,000	–	3,239,092	–	0.27%	–
FLEX	New	FLEX LTDord	$145,705,000	–	10,326,355	–	0.24%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$125,900,000	–	2,592,137	–	0.20%	–
CRTO	New	CRITEO S Aspons ads	$117,245,000	–	3,569,100	–	0.19%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$110,433,000	–	3,084,725	–	0.18%	–
CDW	New	CDW CORP	$109,076,000	–	1,350,120	–	0.18%	–
CRI	New	CARTER INC	$108,838,000	–	1,004,135	–	0.18%	–
IQV	New	IQVIA HLDGS INC	$96,390,000	–	965,641	–	0.16%	–
BKR	New	BAKER HUGHES A GE COcl a	$91,212,000	–	2,761,493	–	0.15%	–
QRVO	New	QORVO INC	$87,482,000	–	1,091,205	–	0.14%	–
APY	New	APERGY CORP	$81,569,000	–	1,953,753	–	0.13%	–
HRI	New	HERC HLDGS INC	$71,828,000	–	1,274,896	–	0.12%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$66,382,000	–	793,470	–	0.11%	–
CSL	New	CARLISLE COS INC	$62,424,000	–	576,350	–	0.10%	–
LIVN	New	LIVANOVA PLC	$62,104,000	–	622,157	–	0.10%	–
BLK	New	BLACKROCK INC	$53,725,000	–	107,656	–	0.09%	–
AXTA	New	AXALTA COATING SYS LTD	$49,853,000	–	1,644,756	–	0.08%	–
CDEV	New	CENTENNIAL RESOURCE DEV INCcl a	$48,781,000	–	2,701,051	–	0.08%	–
JPM	New	JPMORGAN CHASE & CO	$48,114,000	–	461,744	–	0.08%	–
WCC	New	WESCO INTL INC	$40,574,000	–	710,575	–	0.07%	–
DLPH	New	DELPHI TECHNOLOGIES PLC	$34,036,000	–	748,703	–	0.06%	–
LW	New	LAMB WESTON HLDGS INC	$33,437,000	–	488,058	–	0.05%	–
SLCA	New	U S SILICA HLDGS INC	$25,605,000	–	996,700	–	0.04%	–
VLRS	New	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$25,443,000	–	5,008,400	–	0.04%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$24,595,000	–	220,700	–	0.04%	–
TRN	New	TRINITY INDS INC	$23,861,000	–	696,468	–	0.04%	–
DXC	New	DXC TECHNOLOGY CO	$23,345,000	–	289,603	–	0.04%	–
EFX	New	EQUIFAX INC	$22,506,000	–	179,890	–	0.04%	–
	New	CHESAPEAKE ENERGY CORPnote 5.500% 9/1	$15,244,000	–	15,000,000	–	0.02%	–
JLL	New	JONES LANG LASALLE INC	$14,294,000	–	86,115	–	0.02%	–
FLS	New	FLOWSERVE CORP	$13,789,000	–	341,307	–	0.02%	–
WPP	New	WPP PLC NEWadr	$13,091,000	–	166,600	–	0.02%	–
PFG	New	PRINCIPAL FINL GROUP INC	$10,856,000	–	205,019	–	0.02%	–
OSK	New	OSHKOSH CORP	$8,966,000	–	127,500	–	0.01%	–
USB	New	US BANCORP DEL	$4,108,000	–	82,120	–	0.01%	–
ELLI	New	ELLIE MAE INC	$3,971,000	–	38,245	–	0.01%	–
ABBV	New	ABBVIE INC	$2,078,000	–	22,429	–	0.00%	–
DATA	New	TABLEAU SOFTWARE INCcl a	$1,838,000	–	18,800	–	0.00%	–
THO	New	THOR INDS INC	$1,283,000	–	13,176	–	0.00%	–
BC	New	BRUNSWICK CORP	$858,000	–	13,300	–	0.00%	–
RRC	New	RANGE RES CORP	$335,000	–	20,000	–	0.00%	–
ITW	New	ILLINOIS TOOL WKS INC	$658,000	–	4,750	–	0.00%	–
MSFT	New	MICROSOFT CORP	$256,000	–	2,600	–	0.00%	–
CVX	New	CHEVRON CORP NEW	$253,000	–	2,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,000	–	0.00%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-21,200	–	-0.00%	–
TMK	Exit	TORCHMARK CORP	$0	–	-10,050	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-5,750	–	-0.00%	–
DATA	Exit	TABLEAU SOFTWARE INCcl a	$0	–	-15,425	–	-0.00%	–
AGCO	Exit	AGCO CORP	$0	–	-18,525	–	-0.00%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-25,961	–	-0.00%	–
TRN	Exit	TRINITY INDS INC	$0	–	-68,400	–	-0.00%	–
TRCO	Exit	TRIBUNE MEDIA COcl a	$0	–	-118,786	–	-0.01%	–
ABBV	Exit	ABBVIE INC	$0	–	-61,050	–	-0.01%	–
USB	Exit	US BANCORP DEL	$0	–	-100,215	–	-0.01%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-122,475	–	-0.01%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-118,776	–	-0.01%	–
VLRS	Exit	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$0	–	-796,811	–	-0.02%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-132,147	–	-0.02%	–
WPP	Exit	WPP PLC NEWadr	$0	–	-177,400	–	-0.03%	–
GWW	Exit	GRAINGER W W INC	$0	–	-98,618	–	-0.03%	–
UNP	Exit	UNION PAC CORP	$0	–	-163,805	–	-0.03%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-391,881	–	-0.04%	–
QGEN	Exit	QIAGEN NV	$0	–	-822,480	–	-0.04%	–
EXPE	Exit	EXPEDIA INC DEL	$0	–	-191,232	–	-0.05%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-765,186	–	-0.06%	–
ADNT	Exit	ADIENT PLC	$0	–	-479,630	–	-0.07%	–
WCC	Exit	WESCO INTL INC	$0	–	-717,675	–	-0.07%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-1,261,177	–	-0.08%	–
HSNI	Exit	HSN INC	$0	–	-1,363,930	–	-0.09%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-2,006,214	–	-0.10%	–
MTW	Exit	MANITOWOC INC	$0	–	-6,589,849	–	-0.10%	–
ITRI	Exit	ITRON INC	$0	–	-771,403	–	-0.10%	–
MLCO	Exit	MELCO RESORT ENTERTAINMENT Ladr	$0	–	-2,840,959	–	-0.12%	–
HRI	Exit	HERC HLDGS INC	$0	–	-1,410,650	–	-0.12%	–
CRTO	Exit	CRITEO S Aspons ads	$0	–	-2,040,600	–	-0.14%	–
BLK	Exit	BLACKROCK INC	$0	–	-195,597	–	-0.15%	–
LW	Exit	LAMB WESTON HLDGS INC	$0	–	-1,863,568	–	-0.15%	–
CRI	Exit	CARTER INC	$0	–	-1,018,795	–	-0.17%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-1,364,015	–	-0.18%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-2,823,050	–	-0.18%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-1,771,266	–	-0.19%	–
VWR	Exit	VWR CORP	$0	–	-3,566,705	–	-0.20%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-65,414	–	-0.20%	–
OSK	Exit	OSHKOSH CORP	$0	–	-1,483,195	–	-0.21%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-8,156,836	–	-0.23%	–
BUFF	Exit	BLUE BUFFALO PET PRODS INC	$0	–	-5,343,266	–	-0.26%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-3,662,852	–	-0.27%	–
Q	Exit	QUINTILES IMS HOLDINGS INC	$0	–	-1,681,511	–	-0.27%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-1,803,794	–	-0.29%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-4,926,750	–	-0.30%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,445,475	–	-0.31%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-1,601,013	–	-0.32%	–
UA	Exit	UNDER ARMOUR INCcl c	$0	–	-13,079,782	–	-0.33%	–
AN	Exit	AUTONATION INC	$0	–	-4,306,064	–	-0.34%	–
FL	Exit	FOOT LOCKER INC	$0	–	-5,955,553	–	-0.35%	–
CDW	Exit	CDW CORP	$0	–	-3,224,898	–	-0.36%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-2,247,105	–	-0.37%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-16,695,663	–	-0.37%	–
USG	Exit	U S G CORP	$0	–	-6,839,694	–	-0.38%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,432,481	–	-0.39%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,134,174	–	-0.41%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-2,008,859	–	-0.42%	–
LEA	Exit	LEAR CORP	$0	–	-1,439,632	–	-0.42%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-5,102,803	–	-0.42%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-56,555,775	–	-0.44%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,614,946	–	-0.49%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-68,307,815	–	-0.50%	–
BWA	Exit	BORGWARNER INC	$0	–	-5,764,593	–	-0.50%	–
COMM	Exit	COMMSCOPE HLDG CO INC	$0	–	-8,938,494	–	-0.50%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-14,274,602	–	-0.50%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-7,004,841	–	-0.58%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,121,993	–	-0.58%	–
L100PS	Exit	ARCONIC INC	$0	–	-14,016,700	–	-0.59%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,311,737	–	-0.61%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-1,965,889	–	-0.61%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,569,098	–	-0.63%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-7,922,594	–	-0.64%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-11,334,333	–	-0.65%	–
CMI	Exit	CUMMINS INC	$0	–	-2,300,571	–	-0.65%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-10,334,483	–	-0.67%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,004,035	–	-0.69%	–
FDX	Exit	FEDEX CORP	$0	–	-1,825,955	–	-0.70%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,488,070	–	-0.73%	–
AFL	Exit	AFLAC INC	$0	–	-5,395,452	–	-0.74%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-7,737,450	–	-0.76%	–
DOV	Exit	DOVER CORP	$0	–	-4,912,424	–	-0.76%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-31,202,494	–	-0.77%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-519,263	–	-0.85%	–
MCO	Exit	MOODYS CORP	$0	–	-3,650,854	–	-0.86%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-9,708,499	–	-0.87%	–
KMX	Exit	CARMAX INC	$0	–	-7,009,207	–	-0.90%	–
AON	Exit	AON PLC	$0	–	-3,873,439	–	-0.95%	–
AAPL	Exit	APPLE INC	$0	–	-3,702,653	–	-0.96%	–
INTC	Exit	INTEL CORP	$0	–	-15,275,320	–	-0.98%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-15,435,822	–	-0.99%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-6,610,675	–	-1.00%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-25,689,904	–	-1.02%	–
STT	Exit	STATE STR CORP	$0	–	-6,380,504	–	-1.03%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-13,295,902	–	-1.06%	–
BAX	Exit	BAXTER INTL INC	$0	–	-10,229,768	–	-1.08%	–
V	Exit	VISA INC	$0	–	-6,168,857	–	-1.10%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-5,359,347	–	-1.13%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-8,095,436	–	-1.16%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-21,044,634	–	-1.16%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-19,428,844	–	-1.17%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,898,965	–	-1.29%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-2,113,077	–	-1.30%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-24,160,579	–	-1.33%	–
APA	Exit	APACHE CORP	$0	–	-17,435,612	–	-1.35%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-6,433,188	–	-1.43%	–
ALLY	Exit	ALLY FINL INC	$0	–	-40,571,501	–	-1.66%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-56,747,622	–	-1.71%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-11,004,779	–	-1.77%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-14,271,640	–	-1.92%	–
TV	Exit	GRUPO TELEVISA SAspon adr rep ord	$0	–	-50,842,737	–	-2.12%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-25,851,597	–	-2.40%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-9,607,306	–	-2.50%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-6,125,450	–	-2.56%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-26,918,359	–	-2.79%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-13,156,887	–	-3.13%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-87,953,275	–	-3.59%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-26,418,041	–	-3.70%	–
ORCL	Exit	ORACLE CORP	$0	–	-45,431,165	–	-3.70%	–
BAC	Exit	BANK AMER CORP	$0	–	-92,676,554	–	-3.96%	–
GM	Exit	GENERAL MTRS CO	$0	–	-61,521,195	–	-4.19%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,591,532	–	-4.19%	–
C	Exit	CITIGROUP INC	$0	–	-41,514,413	–	-5.09%	–

Q3 2017

			Value		Shares		↓ Weighting
C	Buy	CITIGROUP INC	$3,019,758,000	+9.2%	41,514,413	+0.4%	5.09%	+2.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$2,485,568,000	+16.9%	2,591,532	+10.8%	4.19%	+9.6%
GM	Sell	GENERAL MTRS CO	$2,484,226,000	+14.3%	61,521,195	-1.1%	4.19%	+7.2%
BAC	Sell	BANK AMER CORP	$2,348,424,000	+3.4%	92,676,554	-1.0%	3.96%	-3.1%
ORCL	Sell	ORACLE CORP	$2,196,596,000	-10.6%	45,431,165	-7.3%	3.70%	-16.2%
TEL	Buy	TE CONNECTIVITY LTD	$2,194,283,000	+5.6%	26,418,041	+0.0%	3.70%	-1.0%
GE	Buy	GENERAL ELECTRIC CO	$2,126,710,000	+38.9%	87,953,275	+55.2%	3.59%	+30.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$1,857,752,000	+8.2%	13,156,887	-6.9%	3.13%	+1.4%
AIG	Buy	AMERICAN INTL GROUP INC	$1,652,518,000	+14.8%	26,918,359	+16.9%	2.79%	+7.6%
BIDU	Sell	BAIDU INCspon adr rep a	$1,517,213,000	-5.9%	6,125,450	-32.1%	2.56%	-11.8%
WLTW	Buy	WILLIS TOWERS WATSON PUB LTD	$1,481,735,000	+14.0%	9,607,306	+7.5%	2.50%	+6.8%
WFC	Buy	WELLS FARGO CO NEW	$1,425,715,000	+0.2%	25,851,597	+0.6%	2.40%	-6.1%
TV	Buy	GRUPO TELEVISA SAspon adr rep ord	$1,254,290,000	+3.6%	50,842,737	+2.3%	2.12%	-2.9%
HCA	Buy	HCA HEALTHCARE INC	$1,135,880,000	+9.7%	14,271,640	+20.2%	1.92%	+2.8%
JPM	Sell	JPMORGAN CHASE & CO	$1,051,067,000	-6.8%	11,004,779	-10.8%	1.77%	-12.6%
FCAU	Sell	FIAT CHRYSLER AUTOMOBILES N	$1,016,350,000	+68.3%	56,747,622	-0.1%	1.71%	+57.8%
ALLY	Buy	ALLY FINL INC	$984,265,000	+20.5%	40,571,501	+3.8%	1.66%	+13.0%
DEO	Sell	DIAGEO P L Cspon adr new	$850,017,000	+8.7%	6,433,188	-1.4%	1.43%	+1.9%
APA	Sell	APACHE CORP	$798,551,000	-11.1%	17,435,612	-7.0%	1.35%	-16.6%
LBTYK	New	LIBERTY GLOBAL PLC	$790,051,000	–	24,160,579	–	1.33%	–
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$767,936,000	+11.7%	2,113,077	+3.5%	1.30%	+4.7%
UNH	Sell	UNITEDHEALTH GROUP INC	$763,612,000	-11.3%	3,898,965	-16.1%	1.29%	-16.8%
NOV	Buy	NATIONAL OILWELL VARCO INC	$694,193,000	+13.5%	19,428,844	+4.6%	1.17%	+6.4%
MGM	Sell	MGM RESORTS INTERNATIONAL	$685,844,000	+3.0%	21,044,634	-1.1%	1.16%	-3.4%
COF	Buy	CAPITAL ONE FINL CORP	$685,360,000	+2.9%	8,095,436	+0.4%	1.16%	-3.5%
CAT	Sell	CATERPILLAR INC DEL	$668,364,000	-8.1%	5,359,347	-20.8%	1.13%	-13.8%
V	Sell	VISA INC	$649,211,000	-5.3%	6,168,857	-15.6%	1.10%	-11.3%
BAX	Sell	BAXTER INTL INC	$641,918,000	-10.5%	10,229,768	-13.6%	1.08%	-16.0%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$631,024,000	+5.8%	13,295,902	-0.1%	1.06%	-0.8%
STT	Sell	STATE STR CORP	$609,593,000	+6.4%	6,380,504	-0.1%	1.03%	-0.3%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$605,511,000	+2.0%	25,689,904	+6.2%	1.02%	-4.4%
TXN	Sell	TEXAS INSTRS INC	$592,581,000	+16.0%	6,610,675	-0.4%	1.00%	+8.7%
CBRE	Sell	CBRE GROUP INCcl a	$584,709,000	-1.5%	15,435,822	-5.3%	0.99%	-7.7%
INTC	Sell	INTEL CORP	$581,684,000	+11.1%	15,275,320	-1.5%	0.98%	+4.1%
AAPL	Sell	APPLE INC	$570,653,000	+6.8%	3,702,653	-0.2%	0.96%	+0.1%
AON	Sell	AON PLC	$565,909,000	-11.5%	3,873,439	-19.5%	0.95%	-17.1%
KMX	Sell	CARMAX INC	$531,368,000	+17.6%	7,009,207	-2.2%	0.90%	+10.2%
BK	Sell	BANK NEW YORK MELLON CORP	$514,744,000	-14.9%	9,708,499	-18.1%	0.87%	-20.2%
MCO	Sell	MOODYS CORP	$508,235,000	+13.8%	3,650,854	-0.5%	0.86%	+6.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$505,617,000	+7.3%	519,263	+2.5%	0.85%	+0.7%
INFY	Buy	INFOSYS LTDsponsored adr	$455,245,000	+15.9%	31,202,494	+19.3%	0.77%	+8.6%
DOV	Sell	DOVER CORP	$448,946,000	-2.9%	4,912,424	-14.8%	0.76%	-9.0%
UL	Sell	UNILEVER PLCspon adr new	$448,463,000	+6.7%	7,737,450	-0.4%	0.76%	0.0%
AFL	Sell	AFLAC INC	$439,136,000	-8.7%	5,395,452	-12.8%	0.74%	-14.3%
PH	Sell	PARKER HANNIFIN CORP	$435,462,000	+6.7%	2,488,070	-2.6%	0.73%	0.0%
FDX	Sell	FEDEX CORP	$411,899,000	-24.3%	1,825,955	-27.0%	0.70%	-28.9%
CVS	Sell	CVS HEALTH CORP	$406,928,000	+1.1%	5,004,035	-0.0%	0.69%	-5.2%
CMCSA	Buy	COMCAST CORP NEWcl a	$397,671,000	+3.7%	10,334,483	+4.9%	0.67%	-2.8%
CMI	Sell	CUMMINS INC	$386,565,000	-8.0%	2,300,571	-11.2%	0.65%	-13.8%
LBTYA	New	LIBERTY GLOBAL PLC	$384,347,000	–	11,334,333	–	0.65%	–
HOG	Buy	HARLEY DAVIDSON INC	$381,948,000	-10.8%	7,922,594	+0.0%	0.64%	-16.4%
GS	Sell	GOLDMAN SACHS GROUP INC	$372,174,000	+4.2%	1,569,098	-2.5%	0.63%	-2.2%
WHR	Sell	WHIRLPOOL CORP	$362,589,000	-13.2%	1,965,889	-9.9%	0.61%	-18.6%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$362,039,000	-4.1%	3,311,737	-10.1%	0.61%	-10.0%
L100PS	Buy	ARCONIC INC	$348,735,000	+14.6%	14,016,700	+4.3%	0.59%	+7.3%
PM	Sell	PHILIP MORRIS INTL INC	$346,572,000	-5.5%	3,121,993	-0.0%	0.58%	-11.4%
APC	Buy	ANADARKO PETE CORP	$342,187,000	+45.8%	7,004,841	+35.3%	0.58%	+36.7%
COMM	Buy	COMMSCOPE HLDG CO INC	$296,847,000	+22.1%	8,938,494	+39.9%	0.50%	+14.6%
IPG	Buy	INTERPUBLIC GROUP COS INC	$296,769,000	-5.3%	14,274,602	+12.0%	0.50%	-11.2%
BWA	Sell	BORGWARNER INC	$295,320,000	+5.3%	5,764,593	-13.0%	0.50%	-1.4%
CHK	Buy	CHESAPEAKE ENERGY CORP	$293,724,000	-4.0%	68,307,815	+11.0%	0.50%	-10.0%
NFLX	New	NETFLIX INC	$292,870,000	–	1,614,946	–	0.49%	–
WFTIQ	Sell	WEATHERFORD INTL PLC	$259,025,000	+9.6%	56,555,775	-7.4%	0.44%	+2.8%
AMTD	Sell	TD AMERITRADE HLDG CORP	$249,017,000	-8.7%	5,102,803	-19.6%	0.42%	-14.5%
LEA	Sell	LEAR CORP	$249,172,000	+21.7%	1,439,632	-0.1%	0.42%	+14.1%
JLL	Sell	JONES LANG LASALLE INC	$248,094,000	-2.3%	2,008,859	-1.2%	0.42%	-8.5%
MDT	Sell	MEDTRONIC PLC	$243,744,000	-13.6%	3,134,174	-1.4%	0.41%	-18.9%
QCOM	Buy	QUALCOMM INC	$229,780,000	-6.1%	4,432,481	+0.0%	0.39%	-11.8%
USG	Sell	U S G CORP	$223,316,000	+11.2%	6,839,694	-1.1%	0.38%	+4.4%
NWSA	Buy	NEWS CORP NEWcl a	$221,385,000	+1.7%	16,695,663	+5.0%	0.37%	-4.8%
3106PS	Buy	DELPHI AUTOMOTIVE PLC	$221,115,000	+12.3%	2,247,105	+0.0%	0.37%	+5.4%
CDW	Sell	CDW CORP	$212,843,000	+1.1%	3,224,898	-4.3%	0.36%	-5.3%
FL	Sell	FOOT LOCKER INC	$209,755,000	-29.0%	5,955,553	-0.7%	0.35%	-33.5%
AN	Buy	AUTONATION INC	$204,366,000	+35.5%	4,306,064	+20.4%	0.34%	+27.3%
UA	Buy	UNDER ARMOUR INCcl c	$196,458,000	+755.4%	13,079,782	+1048.1%	0.33%	+707.3%
HHC	Buy	HOWARD HUGHES CORP	$188,807,000	-3.1%	1,601,013	+1.0%	0.32%	-9.1%
MSFT	Sell	MICROSOFT CORP	$182,163,000	-23.7%	2,445,475	-29.4%	0.31%	-28.6%
BKR	New	BAKER HUGHES A GE COcl a	$180,418,000	–	4,926,750	–	0.30%	–
LBRDK	Sell	LIBERTY BROADBAND CORP	$171,902,000	+8.0%	1,803,794	-1.7%	0.29%	+1.4%
Q	Sell	QUINTILES IMS HOLDINGS INC	$159,861,000	-4.2%	1,681,511	-9.8%	0.27%	-10.0%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$159,517,000	-0.0%	3,662,852	-20.0%	0.27%	-6.3%
BUFF	Buy	BLUE BUFFALO PET PRODS INC	$151,482,000	+183.3%	5,343,266	+127.9%	0.26%	+165.6%
THC	Buy	TENET HEALTHCARE CORP	$134,017,000	-10.4%	8,156,836	+5.5%	0.23%	-16.0%
OSK	Sell	OSHKOSH CORP	$122,423,000	-12.3%	1,483,195	-26.8%	0.21%	-17.9%
PCLN	Buy	PRICELINE GRP INC	$119,761,000	+57.9%	65,414	+61.3%	0.20%	+48.5%
VWR	Sell	VWR CORP	$118,094,000	-18.3%	3,566,705	-18.5%	0.20%	-23.5%
PFG	Sell	PRINCIPAL FINL GROUP INC	$113,963,000	-37.0%	1,771,266	-37.3%	0.19%	-40.9%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$104,142,000	-2.4%	2,823,050	-0.3%	0.18%	-8.3%
CHRW	Buy	C H ROBINSON WORLDWIDE INC	$103,802,000	+47.2%	1,364,015	+32.8%	0.18%	+37.8%
CRI	Buy	CARTER INC	$100,606,000	+16.8%	1,018,795	+5.2%	0.17%	+9.7%
BLK	Sell	BLACKROCK INC	$87,449,000	-71.5%	195,597	-73.1%	0.15%	-73.4%
LW	Buy	LAMB WESTON HLDGS INC	$87,383,000	+183.5%	1,863,568	+166.3%	0.15%	+167.3%
CRTO	New	CRITEO S Aspons ads	$84,685,000	–	2,040,600	–	0.14%	–
HRI	Buy	HERC HLDGS INC	$69,305,000	+25.9%	1,410,650	+0.8%	0.12%	+18.2%
MLCO	Sell	MELCO RESORT ENTERTAINMENT Ladr	$68,524,000	-41.4%	2,840,959	-45.5%	0.12%	-44.8%
ITRI	Sell	ITRON INC	$59,745,000	-46.3%	771,403	-53.0%	0.10%	-49.5%
MTW	Sell	MANITOWOC INC	$59,309,000	+49.7%	6,589,849	-0.0%	0.10%	+40.8%
AXTA	Sell	AXALTA COATING SYS LTD	$58,020,000	-11.7%	2,006,214	-2.2%	0.10%	-16.9%
HSNI	Sell	HSN INC	$53,261,000	+11.4%	1,363,930	-9.0%	0.09%	+4.7%
MLHR	Sell	MILLER HERMAN INC	$45,276,000	+17.6%	1,261,177	-0.4%	0.08%	+10.1%
WCC	Sell	WESCO INTL INC	$41,805,000	-9.9%	717,675	-11.4%	0.07%	-15.5%
ADNT	Buy	ADIENT PLC	$40,284,000	+33.4%	479,630	+3.8%	0.07%	+25.9%
FLS	Sell	FLOWSERVE CORP	$32,589,000	-75.2%	765,186	-73.0%	0.06%	-76.7%
EXPE	Sell	EXPEDIA INC DEL	$27,526,000	-10.6%	191,232	-7.5%	0.05%	-16.4%
BMY	New	BRISTOL MYERS SQUIBB CO	$24,978,000	–	391,881	–	0.04%	–
UNP	Sell	UNION PAC CORP	$18,996,000	-93.2%	163,805	-93.6%	0.03%	-93.6%
GWW	Sell	GRAINGER W W INC	$17,727,000	-16.2%	98,618	-15.8%	0.03%	-21.1%
WPP	New	WPP PLC NEWadr	$16,463,000	–	177,400	–	0.03%	–
TIF	Sell	TIFFANY & CO NEW	$12,128,000	-73.6%	132,147	-73.0%	0.02%	-75.9%
VLRS	New	CONTROLADORA VUELA CIA DE AVspon adr rp 10	$9,458,000	–	796,811	–	0.02%	–
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$7,521,000	+7.0%	118,776	+7.9%	0.01%	0.0%
PDCE	New	PDC ENERGY INC	$6,005,000	–	122,475	–	0.01%	–
ABBV	Buy	ABBVIE INC	$5,425,000	+215.8%	61,050	+157.6%	0.01%	+200.0%
USB	Sell	US BANCORP DEL	$5,371,000	-93.9%	100,215	-94.1%	0.01%	-94.3%
TRCO	Sell	TRIBUNE MEDIA COcl a	$4,854,000	-15.9%	118,786	-16.1%	0.01%	-20.0%
TRN	Sell	TRINITY INDS INC	$2,182,000	+13.2%	68,400	-0.5%	0.00%	+33.3%
AGCO	Sell	AGCO CORP	$1,367,000	+7.5%	18,525	-1.9%	0.00%	0.0%
DATA	Sell	TABLEAU SOFTWARE INCcl a	$1,155,000	+21.5%	15,425	-0.6%	0.00%	0.0%
LUV	New	SOUTHWEST AIRLS CO	$1,453,000	–	25,961	–	0.00%	–
ITW	Sell	ILLINOIS TOOL WKS INC	$851,000	-12.0%	5,750	-14.8%	0.00%	-50.0%
TMK	Sell	TORCHMARK CORP	$805,000	-55.3%	10,050	-57.3%	0.00%	-66.7%
OII	Sell	OCEANEERING INTL INC	$557,000	-30.4%	21,200	-39.5%	0.00%	0.0%
CVX	Sell	CHEVRON CORP NEW	$235,000	-10.0%	2,000	-20.0%	0.00%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,504	–	0.00%	–
CMA	Exit	COMERICA INC	$0	–	-2,785	–	0.00%	–
KATE	Exit	KATE SPADE & CO	$0	–	-81,500	–	-0.00%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-215,765	–	-0.03%	–
UPLCQ	Exit	ULTRA PETROLEUM CORP	$0	–	-2,927,833	–	-0.06%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-3,882,972	–	-0.38%	–

Q2 2017

			Value		Shares		↓ Weighting
C	New	CITIGROUP INC	$2,765,551,000	–	41,350,951	–	4.98%	–
ORCL	New	ORACLE CORP	$2,456,319,000	–	48,989,216	–	4.42%	–
BAC	New	BANK AMER CORP	$2,271,783,000	–	93,643,170	–	4.09%	–
GM	New	GENERAL MTRS CO	$2,173,601,000	–	62,227,361	–	3.91%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,126,330,000	–	2,339,888	–	3.82%	–
TEL	New	TE CONNECTIVITY LTD	$2,077,828,000	–	26,408,595	–	3.74%	–
MA	New	MASTERCARD INCORPORATEDcl a	$1,716,850,000	–	14,136,266	–	3.09%	–
BIDU	New	BAIDU INCspon adr rep a	$1,612,458,000	–	9,015,196	–	2.90%	–
GE	New	GENERAL ELECTRIC CO	$1,530,577,000	–	56,667,071	–	2.75%	–
AIG	New	AMERICAN INTL GROUP INC	$1,439,798,000	–	23,029,396	–	2.59%	–
WFC	New	WELLS FARGO CO NEW	$1,423,202,000	–	25,684,927	–	2.56%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$1,300,119,000	–	8,937,984	–	2.34%	–
TV	New	GRUPO TELEVISA SAspon adr rep ord	$1,211,008,000	–	49,692,561	–	2.18%	–
JPM	New	JPMORGAN CHASE & CO	$1,128,084,000	–	12,342,277	–	2.03%	–
HCA	New	HCA HEALTHCARE INC	$1,035,662,000	–	11,876,853	–	1.86%	–
APA	New	APACHE CORP	$898,275,000	–	18,741,407	–	1.62%	–
UNH	New	UNITEDHEALTH GROUP INC	$861,196,000	–	4,644,572	–	1.55%	–
ALLY	New	ALLY FINL INC	$816,748,000	–	39,078,816	–	1.47%	–
DEO	New	DIAGEO P L Cspon adr new	$782,043,000	–	6,526,275	–	1.41%	–
CAT	New	CATERPILLAR INC DEL	$727,230,000	–	6,767,448	–	1.31%	–
BAX	New	BAXTER INTL INC	$717,170,000	–	11,846,207	–	1.29%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$687,456,000	–	2,040,836	–	1.24%	–
V	New	VISA INC	$685,764,000	–	7,312,471	–	1.23%	–
COF	New	CAPITAL ONE FINL CORP	$666,182,000	–	8,063,205	–	1.20%	–
MGM	New	MGM RESORTS INTERNATIONAL	$665,884,000	–	21,281,034	–	1.20%	–
AON	New	AON PLC	$639,704,000	–	4,811,614	–	1.15%	–
NOV	New	NATIONAL OILWELL VARCO INC	$611,852,000	–	18,574,753	–	1.10%	–
BK	New	BANK NEW YORK MELLON CORP	$605,062,000	–	11,859,316	–	1.09%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$603,902,000	–	56,811,079	–	1.09%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$596,486,000	–	13,305,502	–	1.07%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$593,475,000	–	24,183,983	–	1.07%	–
CBRE	New	CBRE GROUP INCcl a	$593,533,000	–	16,305,865	–	1.07%	–
STT	New	STATE STR CORP	$572,931,000	–	6,385,050	–	1.03%	–
FDX	New	FEDEX CORP	$543,890,000	–	2,502,601	–	0.98%	–
AAPL	New	APPLE INC	$534,248,000	–	3,709,538	–	0.96%	–
INTC	New	INTEL CORP	$523,392,000	–	15,512,517	–	0.94%	–
TXN	New	TEXAS INSTRS INC	$510,633,000	–	6,637,622	–	0.92%	–
AFL	New	AFLAC INC	$480,810,000	–	6,189,627	–	0.86%	–
GOOGL	New	ALPHABET INCcap stk cl a	$471,076,000	–	506,707	–	0.85%	–
DOV	New	DOVER CORP	$462,496,000	–	5,765,341	–	0.83%	–
KMX	New	CARMAX INC	$451,996,000	–	7,167,706	–	0.81%	–
MCO	New	MOODYS CORP	$446,645,000	–	3,670,649	–	0.80%	–
HOG	New	HARLEY DAVIDSON INC	$427,966,000	–	7,922,364	–	0.77%	–
UL	New	UNILEVER PLCspon adr new	$420,311,000	–	7,766,278	–	0.76%	–
CMI	New	CUMMINS INC	$420,109,000	–	2,589,747	–	0.76%	–
WHR	New	WHIRLPOOL CORP	$417,892,000	–	2,180,839	–	0.75%	–
PH	New	PARKER HANNIFIN CORP	$408,183,000	–	2,554,020	–	0.73%	–
CVS	New	CVS HEALTH CORP	$402,649,000	–	5,004,335	–	0.72%	–
INFY	New	INFOSYS LTDsponsored adr	$392,827,000	–	26,153,550	–	0.71%	–
CMCSA	New	COMCAST CORP NEWcl a	$383,514,000	–	9,853,913	–	0.69%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$377,409,000	–	3,683,475	–	0.68%	–
PM	New	PHILIP MORRIS INTL INC	$366,710,000	–	3,122,265	–	0.66%	–
GS	New	GOLDMAN SACHS GROUP INC	$357,084,000	–	1,609,214	–	0.64%	–
IPG	New	INTERPUBLIC GROUP COS INC	$313,482,000	–	12,743,156	–	0.56%	–
BLK	New	BLACKROCK INC	$306,841,000	–	726,405	–	0.55%	–
CHK	New	CHESAPEAKE ENERGY CORP	$305,934,000	–	61,556,090	–	0.55%	–
L100PS	New	ARCONIC INC	$304,398,000	–	13,439,188	–	0.55%	–
FL	New	FOOT LOCKER INC	$295,542,000	–	5,997,205	–	0.53%	–
MDT	New	MEDTRONIC PLC	$282,077,000	–	3,178,330	–	0.51%	–
BWA	New	BORGWARNER INC	$280,584,000	–	6,623,793	–	0.50%	–
UNP	New	UNION PAC CORP	$279,423,000	–	2,565,634	–	0.50%	–
AMTD	New	TD AMERITRADE HLDG CORP	$272,686,000	–	6,343,014	–	0.49%	–
JLL	New	JONES LANG LASALLE INC	$254,029,000	–	2,032,233	–	0.46%	–
QCOM	New	QUALCOMM INC	$244,724,000	–	4,431,791	–	0.44%	–
COMM	New	COMMSCOPE HLDG CO INC	$243,039,000	–	6,390,730	–	0.44%	–
MSFT	New	MICROSOFT CORP	$238,853,000	–	3,465,149	–	0.43%	–
WFTIQ	New	WEATHERFORD INTL PLC	$236,361,000	–	61,075,275	–	0.42%	–
APC	New	ANADARKO PETE CORP	$234,697,000	–	5,176,366	–	0.42%	–
NWSA	New	NEWS CORP NEWcl a	$217,785,000	–	15,896,738	–	0.39%	–
BHI	New	BAKER HUGHES INC	$211,661,000	–	3,882,972	–	0.38%	–
CDW	New	CDW CORP	$210,620,000	–	3,368,302	–	0.38%	–
LEA	New	LEAR CORP	$204,773,000	–	1,441,254	–	0.37%	–
USG	New	U S G CORP	$200,789,000	–	6,918,994	–	0.36%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$196,921,000	–	2,246,675	–	0.35%	–
HHC	New	HOWARD HUGHES CORP	$194,760,000	–	1,585,474	–	0.35%	–
PFG	New	PRINCIPAL FINL GROUP INC	$180,887,000	–	2,823,271	–	0.32%	–
Q	New	QUINTILES IMS HOLDINGS INC	$166,793,000	–	1,863,607	–	0.30%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$159,563,000	–	4,578,552	–	0.29%	–
LBRDK	New	LIBERTY BROADBAND CORP	$159,166,000	–	1,834,770	–	0.29%	–
AN	New	AUTONATION INC	$150,784,000	–	3,576,454	–	0.27%	–
THC	New	TENET HEALTHCARE CORP	$149,565,000	–	7,733,435	–	0.27%	–
VWR	New	VWR CORP	$144,519,000	–	4,378,045	–	0.26%	–
OSK	New	OSHKOSH CORP	$139,602,000	–	2,026,745	–	0.25%	–
FLS	New	FLOWSERVE CORP	$131,392,000	–	2,829,898	–	0.24%	–
MLCO	New	MELCO RESORT ENTERTAINMENT Ladr	$116,964,000	–	5,210,004	–	0.21%	–
ITRI	New	ITRON INC	$111,308,000	–	1,642,928	–	0.20%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$106,717,000	–	2,832,950	–	0.19%	–
USB	New	US BANCORP DEL	$87,826,000	–	1,691,555	–	0.16%	–
CRI	New	CARTER INC	$86,143,000	–	968,440	–	0.16%	–
PCLN	New	PRICELINE GRP INC	$75,857,000	–	40,554	–	0.14%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$70,537,000	–	1,027,045	–	0.13%	–
AXTA	New	AXALTA COATING SYS LTD	$65,726,000	–	2,051,380	–	0.12%	–
HRI	New	HERC HLDGS INC	$55,029,000	–	1,399,518	–	0.10%	–
BUFF	New	BLUE BUFFALO PET PRODS INC	$53,476,000	–	2,344,399	–	0.10%	–
HSNI	New	HSN INC	$47,831,000	–	1,499,405	–	0.09%	–
WCC	New	WESCO INTL INC	$46,421,000	–	810,145	–	0.08%	–
TIF	New	TIFFANY & CO NEW	$46,022,000	–	490,278	–	0.08%	–
MTW	New	MANITOWOC INC	$39,616,000	–	6,591,749	–	0.07%	–
MLHR	New	MILLER HERMAN INC	$38,492,000	–	1,266,177	–	0.07%	–
UPLCQ	New	ULTRA PETROLEUM CORP	$31,767,000	–	2,927,833	–	0.06%	–
LW	New	LAMB WESTON HLDGS INC	$30,823,000	–	699,896	–	0.06%	–
EXPE	New	EXPEDIA INC DEL	$30,780,000	–	206,649	–	0.06%	–
ADNT	New	ADIENT PLC	$30,198,000	–	461,890	–	0.05%	–
QGEN	New	QIAGEN NV	$27,578,000	–	822,480	–	0.05%	–
UA	New	UNDER ARMOUR INCcl c	$22,967,000	–	1,139,253	–	0.04%	–
GWW	New	GRAINGER W W INC	$21,155,000	–	117,184	–	0.04%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$14,327,000	–	215,765	–	0.03%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$7,029,000	–	110,100	–	0.01%	–
TRCO	New	TRIBUNE MEDIA COcl a	$5,772,000	–	141,586	–	0.01%	–
KATE	New	KATE SPADE & CO	$1,507,000	–	81,500	–	0.00%	–
TRN	New	TRINITY INDS INC	$1,927,000	–	68,750	–	0.00%	–
ABBV	New	ABBVIE INC	$1,718,000	–	23,700	–	0.00%	–
TMK	New	TORCHMARK CORP	$1,800,000	–	23,525	–	0.00%	–
AGCO	New	AGCO CORP	$1,272,000	–	18,875	–	0.00%	–
ITW	New	ILLINOIS TOOL WKS INC	$967,000	–	6,750	–	0.00%	–
DATA	New	TABLEAU SOFTWARE INCcl a	$951,000	–	15,525	–	0.00%	–
OII	New	OCEANEERING INTL INC	$800,000	–	35,025	–	0.00%	–
CVX	New	CHEVRON CORP NEW	$261,000	–	2,500	–	0.00%	–
FB	New	FACEBOOK INCcl a	$227,000	–	1,504	–	0.00%	–
CMA	New	COMERICA INC	$204,000	–	2,785	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,500	–	-0.00%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-5,600	–	-0.00%	–
CIT	Exit	CIT GROUP INC	$0	–	-23,075	–	-0.00%	–
AGCO	Exit	AGCO CORP	$0	–	-22,975	–	-0.00%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-78,800	–	-0.00%	–
TMK	Exit	TORCHMARK CORP	$0	–	-110,926	–	-0.01%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-125,470	–	-0.02%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-372,055	–	-0.04%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-155,242	–	-0.04%	–
EXPE	Exit	EXPEDIA INC DEL	$0	–	-221,906	–	-0.05%	–
HRI	Exit	HERC HLDGS INC	$0	–	-796,459	–	-0.05%	–
HTZGQ	Exit	HERTZ GLOBAL HLDGS INC	$0	–	-788,356	–	-0.06%	–
MTW	Exit	MANITOWOC INC	$0	–	-6,605,824	–	-0.06%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-453,847	–	-0.06%	–
VWR	Exit	VWR CORP	$0	–	-1,223,050	–	-0.07%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-1,270,725	–	-0.07%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-1,224,116	–	-0.08%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-1,470,052	–	-0.08%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-582,720	–	-0.09%	–
WCC	Exit	WESCO INTL INC	$0	–	-847,425	–	-0.10%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-2,042,161	–	-0.11%	–
MFS	Exit	MANITOWOC FOODSERVICE INC	$0	–	-4,015,082	–	-0.13%	–
QGEN	Exit	QIAGEN NV	$0	–	-2,496,740	–	-0.14%	–
GWW	Exit	GRAINGER W W INC	$0	–	-314,494	–	-0.14%	–
CRI	Exit	CARTER INC	$0	–	-831,500	–	-0.14%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-2,614,847	–	-0.17%	–
COMM	Exit	COMMSCOPE HLDG CO INC	$0	–	-3,423,840	–	-0.20%	–
HSNI	Exit	HSN INC	$0	–	-2,595,322	–	-0.20%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-3,529,712	–	-0.21%	–
KATE	Exit	KATE SPADE & CO	$0	–	-6,343,511	–	-0.22%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-1,638,881	–	-0.22%	–
LBRDK	Exit	LIBERTY BROADBAND CORP	$0	–	-1,664,665	–	-0.24%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-3,273,405	–	-0.25%	–
CMA	Exit	COMERICA INC	$0	–	-2,981,990	–	-0.28%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-5,327,352	–	-0.29%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-3,323,902	–	-0.31%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-1,831,667	–	-0.31%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-1,428,658	–	-0.32%	–
HAL	Exit	HALLIBURTON CO	$0	–	-3,669,998	–	-0.33%	–
CDW	Exit	CDW CORP	$0	–	-3,699,745	–	-0.34%	–
LEA	Exit	LEAR CORP	$0	–	-1,473,384	–	-0.35%	–
OSK	Exit	OSHKOSH CORP	$0	–	-3,194,950	–	-0.36%	–
USG	Exit	U S G CORP	$0	–	-6,977,450	–	-0.36%	–
ITRI	Exit	ITRON INC	$0	–	-3,326,218	–	-0.37%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-8,411,922	–	-0.38%	–
RGA	Exit	REINSURANCE GROUP AMER INC	$0	–	-1,781,060	–	-0.38%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-33,340,440	–	-0.41%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-32,720,160	–	-0.42%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-1,911,399	–	-0.43%	–
TRCO	Exit	TRIBUNE MEDIA COcl a	$0	–	-5,974,071	–	-0.43%	–
USB	Exit	US BANCORP DEL	$0	–	-5,247,806	–	-0.45%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-4,584,072	–	-0.46%	–
Q	Exit	QUINTILES TRANSNATIO HLDGS I	$0	–	-2,875,594	–	-0.46%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-4,996,675	–	-0.48%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-17,825,518	–	-0.49%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,086,654	–	-0.51%	–
BWA	Exit	BORGWARNER INC	$0	–	-8,102,043	–	-0.56%	–
BAX	Exit	BAXTER INTL INC	$0	–	-6,096,384	–	-0.58%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-4,158,908	–	-0.60%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,169,465	–	-0.61%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-4,775,115	–	-0.63%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,570,465	–	-0.64%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-2,013,517	–	-0.65%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,710,355	–	-0.65%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-441,693	–	-0.70%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-16,053,991	–	-0.71%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-10,490,394	–	-0.73%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-5,086,931	–	-0.76%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-6,519,695	–	-0.82%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-7,922,449	–	-0.83%	–
AAPL	Exit	APPLE INC	$0	–	-3,699,590	–	-0.83%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-16,243,974	–	-0.84%	–
QCOM	Exit	QUALCOMM INC	$0	–	-6,183,306	–	-0.84%	–
STT	Exit	STATE STR CORP	$0	–	-6,408,165	–	-0.88%	–
KMX	Exit	CARMAX INC	$0	–	-8,377,047	–	-0.89%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,245,417	–	-0.89%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,073,792	–	-0.90%	–
FL	Exit	FOOT LOCKER INC	$0	–	-6,689,080	–	-0.90%	–
ALLY	Exit	ALLY FINL INC	$0	–	-23,686,392	–	-0.91%	–
AFL	Exit	AFLAC INC	$0	–	-6,461,033	–	-0.92%	–
FDX	Exit	FEDEX CORP	$0	–	-2,679,621	–	-0.93%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-12,113,726	–	-0.96%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-13,197,827	–	-0.96%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-24,365,721	–	-0.97%	–
DOV	Exit	DOVER CORP	$0	–	-6,649,629	–	-0.97%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-17,642,329	–	-0.98%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-7,053,953	–	-0.98%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-1,840,134	–	-0.98%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-8,934,248	–	-1.02%	–
UNP	Exit	UNION PAC CORP	$0	–	-5,316,873	–	-1.03%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-33,573,130	–	-1.07%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-15,538,489	–	-1.13%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-8,338,060	–	-1.19%	–
V	Exit	VISA INC	$0	–	-7,389,123	–	-1.21%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-12,055,122	–	-1.23%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-5,420,167	–	-1.25%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-4,756,126	–	-1.25%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-4,081,471	–	-1.30%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-4,854,692	–	-1.35%	–
INTC	Exit	INTEL CORP	$0	–	-20,694,052	–	-1.55%	–
AON	Exit	AON PLC	$0	–	-7,134,245	–	-1.59%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-4,564,070	–	-1.65%	–
APA	Exit	APACHE CORP	$0	–	-14,671,642	–	-1.86%	–
TV	Exit	GRUPO TELEVISA SAspon adr rep ord	$0	–	-37,679,562	–	-1.92%	–
CMI	Exit	CUMMINS INC	$0	–	-7,631,624	–	-1.94%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-37,100,836	–	-2.18%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-12,622,199	–	-2.22%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-25,790,268	–	-2.26%	–
C	Exit	CITIGROUP INC	$0	–	-29,561,849	–	-2.77%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-15,598,401	–	-3.15%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-24,434,835	–	-3.22%	–
ORCL	Exit	ORACLE CORP	$0	–	-43,091,816	–	-3.35%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-30,442,170	–	-3.58%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-28,077,669	–	-3.58%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,365,147	–	-3.64%	–
BAC	Exit	BANK AMER CORP	$0	–	-129,015,070	–	-4.00%	–
GM	Exit	GENERAL MTRS CO	$0	–	-68,948,315	–	-4.34%	–

Q3 2016

			Value		Shares		↓ Weighting
GM	Sell	GENERAL MTRS CO	$2,190,488,000	+4.9%	68,948,315	-6.5%	4.34%	+3.2%
BAC	Sell	BANK AMER CORP	$2,019,086,000	+13.3%	129,015,070	-3.9%	4.00%	+11.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,838,408,000	+21.7%	2,365,147	+8.4%	3.64%	+19.7%
TEL	Sell	TE CONNECTIVITY LTD	$1,807,640,000	+12.5%	28,077,669	-0.2%	3.58%	+10.7%
AIG	Sell	AMERICAN INTL GROUP INC	$1,806,439,000	+6.4%	30,442,170	-5.2%	3.58%	+4.6%
ORCL	Sell	ORACLE CORP	$1,692,647,000	-8.3%	43,091,816	-4.5%	3.35%	-9.9%
JPM	Sell	JPMORGAN CHASE & CO	$1,627,116,000	-0.1%	24,434,835	-6.8%	3.22%	-1.8%
MA	Sell	MASTERCARD INCORPORATEDcl a	$1,587,449,000	+11.7%	15,598,401	-3.3%	3.15%	+9.9%
C	Buy	CITIGROUP INC	$1,396,206,000	+16.2%	29,561,849	+4.3%	2.77%	+14.2%
WFC	Sell	WELLS FARGO & CO NEW	$1,141,993,000	-11.2%	25,790,268	-5.1%	2.26%	-12.7%
CAT	Sell	CATERPILLAR INC DEL	$1,120,473,000	+6.8%	12,622,199	-8.8%	2.22%	+5.0%
GE	Sell	GENERAL ELECTRIC CO	$1,098,927,000	-8.4%	37,100,836	-2.7%	2.18%	-9.9%
CMI	Sell	CUMMINS INC	$977,993,000	+0.4%	7,631,624	-11.9%	1.94%	-1.2%
TV	Buy	GRUPO TELEVISA SAspon adr rep ord	$967,988,000	+24.4%	37,679,562	+26.1%	1.92%	+22.3%
APA	Sell	APACHE CORP	$937,078,000	+11.6%	14,671,642	-2.7%	1.86%	+9.8%
BIDU	Sell	BAIDU INCspon adr rep a	$830,980,000	-4.5%	4,564,070	-13.3%	1.65%	-6.0%
AON	Sell	AON PLC	$802,532,000	-6.3%	7,134,245	-9.0%	1.59%	-7.9%
INTC	Sell	INTEL CORP	$781,201,000	-3.7%	20,694,052	-16.3%	1.55%	-5.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$679,657,000	-4.9%	4,854,692	-4.1%	1.35%	-6.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$658,219,000	-22.9%	4,081,471	-28.9%	1.30%	-24.2%
WLTW	Buy	WILLIS TOWERS WATSON PUB LTD	$631,470,000	+32.5%	4,756,126	+24.1%	1.25%	+30.3%
DEO	Sell	DIAGEO P L Cspon adr new	$628,956,000	-1.3%	5,420,167	-4.0%	1.25%	-3.0%
PFG	Sell	PRINCIPAL FINL GROUP INC	$620,959,000	+21.6%	12,055,122	-2.9%	1.23%	+19.5%
V	Sell	VISA INC	$611,080,000	+4.8%	7,389,123	-6.0%	1.21%	+3.1%
COF	Buy	CAPITAL ONE FINL CORP	$598,923,000	+13.9%	8,338,060	+0.7%	1.19%	+12.1%
NOV	Buy	NATIONAL OILWELL VARCO INC	$570,884,000	+22.5%	15,538,489	+12.2%	1.13%	+20.4%
MLCO	Sell	MELCO CROWN ENTMT LTDadr	$540,863,000	+16.3%	33,573,130	-9.2%	1.07%	+14.4%
UNP	Sell	UNION PAC CORP	$518,555,000	+11.7%	5,316,873	-0.1%	1.03%	+9.8%
MSFT	Sell	MICROSOFT CORP	$514,612,000	-38.5%	8,934,248	-45.4%	1.02%	-39.6%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$496,781,000	+6.0%	1,840,134	-10.2%	0.98%	+4.2%
TXN	Sell	TEXAS INSTRS INC	$495,047,000	-2.6%	7,053,953	-13.0%	0.98%	-4.2%
CBRE	Buy	CBRE GROUP INCcl a	$493,633,000	+16.2%	17,642,329	+10.0%	0.98%	+14.3%
DOV	Sell	DOVER CORP	$489,679,000	+0.6%	6,649,629	-5.3%	0.97%	-1.1%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$487,558,000	-19.4%	24,365,721	+2.2%	0.97%	-20.8%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$487,132,000	-16.7%	13,197,827	-15.3%	0.96%	-18.1%
BK	Sell	BANK NEW YORK MELLON CORP	$483,096,000	+2.6%	12,113,726	-0.0%	0.96%	+0.8%
FDX	Sell	FEDEX CORP	$468,076,000	+11.2%	2,679,621	-3.4%	0.93%	+9.4%
AFL	Sell	AFLAC INC	$464,354,000	-9.7%	6,461,033	-9.4%	0.92%	-11.3%
ALLY	Buy	ALLY FINL INC	$461,174,000	+14.9%	23,686,392	+0.7%	0.91%	+13.0%
FL	Sell	FOOT LOCKER INC	$452,984,000	+23.4%	6,689,080	-0.0%	0.90%	+21.4%
CVS	Sell	CVS HEALTH CORP	$451,517,000	-7.2%	5,073,792	-0.2%	0.90%	-8.8%
BLK	Sell	BLACKROCK INC	$451,413,000	-5.1%	1,245,417	-10.3%	0.89%	-6.8%
KMX	Sell	CARMAX INC	$446,915,000	+3.2%	8,377,047	-5.1%	0.89%	+1.6%
STT	Sell	STATE STR CORP	$446,201,000	+9.4%	6,408,165	-15.3%	0.88%	+7.5%
QCOM	Buy	QUALCOMM INC	$423,556,000	+28.2%	6,183,306	+0.2%	0.84%	+26.0%
MGM	Buy	MGM RESORTS INTERNATIONAL	$422,830,000	+1770.2%	16,243,974	+1525.9%	0.84%	+1721.7%
AAPL	Sell	APPLE INC	$418,239,000	+17.0%	3,699,590	-1.1%	0.83%	+15.0%
HOG	Buy	HARLEY DAVIDSON INC	$416,642,000	+16.1%	7,922,449	+0.0%	0.83%	+14.2%
APC	Sell	ANADARKO PETE CORP	$413,087,000	+18.9%	6,519,695	-0.1%	0.82%	+17.0%
HCA	Buy	HCA HOLDINGS INC	$384,724,000	+638.3%	5,086,931	+651.7%	0.76%	+625.7%
AMTD	Sell	TD AMERITRADE HLDG CORP	$369,681,000	+15.5%	10,490,394	-6.6%	0.73%	+13.6%
IPG	Buy	INTERPUBLIC GROUP COS INC	$358,807,000	-2.7%	16,053,991	+0.6%	0.71%	-4.3%
GOOGL	Sell	ALPHABET INCcap stk cl a	$355,148,000	-20.1%	441,693	-30.1%	0.70%	-21.3%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$327,253,000	-11.4%	3,710,355	-7.7%	0.65%	-12.9%
WHR	Sell	WHIRLPOOL CORP	$326,512,000	-5.6%	2,013,517	-3.0%	0.65%	-7.2%
PH	Sell	PARKER HANNIFIN CORP	$322,670,000	+16.0%	2,570,465	-0.1%	0.64%	+14.1%
CMCSA	Sell	COMCAST CORP NEWcl a	$316,782,000	-2.9%	4,775,115	-4.6%	0.63%	-4.6%
PM	Sell	PHILIP MORRIS INTL INC	$308,135,000	-17.4%	3,169,465	-13.5%	0.61%	-18.6%
TIF	Sell	TIFFANY & CO NEW	$302,062,000	+9.0%	4,158,908	-9.0%	0.60%	+7.3%
BAX	Sell	BAXTER INTL INC	$290,188,000	-7.8%	6,096,384	-12.4%	0.58%	-9.3%
BWA	Sell	BORGWARNER INC	$285,030,000	-4.2%	8,102,043	-19.6%	0.56%	-5.7%
ROK	Sell	ROCKWELL AUTOMATION INC	$255,281,000	+6.5%	2,086,654	-0.1%	0.51%	+4.8%
NWSA	Sell	NEWS CORP NEWcl a	$249,201,000	+17.2%	17,825,518	-4.9%	0.49%	+15.2%
FLS	Sell	FLOWSERVE CORP	$241,040,000	-5.6%	4,996,675	-11.6%	0.48%	-7.0%
Q	Sell	QUINTILES TRANSNATIO HLDGS I	$233,096,000	+7.8%	2,875,594	-13.1%	0.46%	+6.0%
BHI	Sell	BAKER HUGHES INC	$231,358,000	+7.7%	4,584,072	-3.7%	0.46%	+5.8%
TRCO	Sell	TRIBUNE MEDIA COcl a	$218,173,000	-10.9%	5,974,071	-4.4%	0.43%	-12.4%
JLL	Buy	JONES LANG LASALLE INC	$217,498,000	+67.2%	1,911,399	+43.2%	0.43%	+64.5%
FCAU	Sell	FIAT CHRYSLER AUTOMOBILES N	$209,410,000	+4.0%	32,720,160	-0.5%	0.42%	+2.2%
CHK	Buy	CHESAPEAKE ENERGY CORP	$209,045,000	+1522.6%	33,340,440	+1007.7%	0.41%	+1492.3%
RGA	Sell	REINSURANCE GROUP AMER INC	$192,248,000	-14.2%	1,781,060	-22.9%	0.38%	-15.7%
THC	Buy	TENET HEALTHCARE CORP	$190,615,000	-17.2%	8,411,922	+0.9%	0.38%	-18.5%
ITRI	Buy	ITRON INC	$185,470,000	+32.9%	3,326,218	+2.8%	0.37%	+31.0%
USG	Buy	U S G CORP	$180,367,000	-4.1%	6,977,450	+0.0%	0.36%	-5.8%
OSK	Sell	OSHKOSH CORP	$178,917,000	+17.0%	3,194,950	-0.3%	0.36%	+15.3%
LEA	Buy	LEAR CORP	$178,604,000	+22.9%	1,473,384	+3.2%	0.35%	+20.8%
CDW	Buy	CDW CORP	$169,190,000	+309.3%	3,699,745	+258.7%	0.34%	+303.6%
HAL	Sell	HALLIBURTON CO	$164,710,000	-35.7%	3,669,998	-35.1%	0.33%	-36.8%
HHC	Buy	HOWARD HUGHES CORP	$163,581,000	+1.1%	1,428,658	+0.9%	0.32%	-0.6%
MDT	Sell	MEDTRONIC PLC	$158,256,000	-47.9%	1,831,667	-47.7%	0.31%	-48.7%
UL	Sell	UNILEVER PLCspon adr new	$157,553,000	-42.6%	3,323,902	-42.0%	0.31%	-43.6%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$146,395,000	+16.3%	5,327,352	-0.6%	0.29%	+14.2%
CMA	Sell	COMERICA INC	$141,108,000	+15.0%	2,981,990	-0.1%	0.28%	+13.4%
SNY	Sell	SANOFIsponsored adr	$125,011,000	-46.4%	3,273,405	-41.3%	0.25%	-47.2%
LBRDK	Buy	LIBERTY BROADBAND CORP	$118,990,000	+30.8%	1,664,665	+9.8%	0.24%	+29.0%
TROW	Sell	PRICE T ROWE GROUP INC	$108,986,000	-40.5%	1,638,881	-34.7%	0.22%	-41.5%
KATE	Buy	KATE SPADE & CO	$108,664,000	-16.3%	6,343,511	+0.7%	0.22%	-17.9%
AMAT	Sell	APPLIED MATLS INC	$106,421,000	-81.4%	3,529,712	-85.2%	0.21%	-81.7%
HSNI	Sell	HSN INC	$103,294,000	-35.0%	2,595,322	-20.1%	0.20%	-35.9%
COMM	New	COMMSCOPE HLDG CO INC	$103,092,000	–	3,423,840	–	0.20%	–
GLPI	Sell	GAMING & LEISURE PPTYS INC	$87,467,000	-3.6%	2,614,847	-0.6%	0.17%	-5.5%
CRI	Sell	CARTER INC	$72,099,000	-18.7%	831,500	-0.1%	0.14%	-20.1%
GWW	Sell	GRAINGER W W INC	$70,711,000	-23.2%	314,494	-22.4%	0.14%	-24.7%
QGEN	Sell	QIAGEN NV	$68,511,000	-5.7%	2,496,740	-25.1%	0.14%	-6.8%
MFS	Sell	MANITOWOC FOODSERVICE INC	$65,125,000	-43.9%	4,015,082	-39.1%	0.13%	-44.9%
AXTA	Sell	AXALTA COATING SYS LTD	$57,732,000	-3.1%	2,042,161	-9.1%	0.11%	-5.0%
WCC	Sell	WESCO INTL INC	$52,108,000	+18.7%	847,425	-0.6%	0.10%	+17.0%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$45,225,000	-3.8%	582,720	-1.2%	0.09%	-5.3%
MLHR	Sell	MILLER HERMAN INC	$42,043,000	-6.2%	1,470,052	-2.0%	0.08%	-7.8%
SCHW	Buy	SCHWAB CHARLES CORP NEW	$38,646,000	+56.0%	1,224,116	+25.1%	0.08%	+54.0%
ETFC	Sell	E TRADE FINANCIAL CORP	$37,004,000	+3.6%	1,270,725	-16.4%	0.07%	+1.4%
VWR	Buy	VWR CORP	$34,686,000	+197.1%	1,223,050	+202.8%	0.07%	+187.5%
HTZGQ	New	HERTZ GLOBAL HLDGS INC	$31,660,000	–	788,356	–	0.06%	–
CHRW	Buy	C H ROBINSON WORLDWIDE INC	$31,978,000	+19.4%	453,847	+25.8%	0.06%	+16.7%
MTW	Sell	MANITOWOC INC	$31,642,000	-12.2%	6,605,824	-0.1%	0.06%	-13.7%
HRI	Sell	HERC HLDGS INC	$26,840,000	-83.1%	796,459	-82.7%	0.05%	-83.4%
EXPE	New	EXPEDIA INC DEL	$25,901,000	–	221,906	–	0.05%	–
ITW	Sell	ILLINOIS TOOL WKS INC	$18,604,000	-28.8%	155,242	-38.1%	0.04%	-30.2%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$17,751,000	-26.3%	372,055	-11.6%	0.04%	-28.6%
LRCX	Sell	LAM RESEARCH CORP	$11,883,000	-13.5%	125,470	-23.2%	0.02%	-14.3%
TMK	Sell	TORCHMARK CORP	$7,087,000	-4.4%	110,926	-7.5%	0.01%	-6.7%
OII	Buy	OCEANEERING INTL INC	$2,168,000	-4.3%	78,800	+3.8%	0.00%	-20.0%
AGCO	Sell	AGCO CORP	$1,133,000	+1.5%	22,975	-3.0%	0.00%	0.0%
CIT	Sell	CIT GROUP INC	$838,000	+11.1%	23,075	-2.3%	0.00%	0.0%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$380,000	-96.5%	5,600	-96.6%	0.00%	-95.5%
CVX	New	CHEVRON CORP NEW	$257,000	–	2,500	–	0.00%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-14,900	–	-0.00%	–
CPN	Exit	CALPINE CORP	$0	–	-82,500	–	-0.00%	–
T	Exit	AT&T INC	$0	–	-22,549	–	-0.00%	–
MON	Exit	MONSANTO CO NEW	$0	–	-1,753,322	–	-0.36%	–
LNKD	Exit	LINKEDIN CORP	$0	–	-2,700,650	–	-1.03%	–

Q2 2016

			Value		Shares		↓ Weighting
GM	New	GENERAL MTRS CO	$2,087,567,000	–	73,765,602	–	4.21%	–
ORCL	New	ORACLE CORP	$1,846,784,000	–	45,120,556	–	3.72%	–
BAC	New	BANK AMER CORP	$1,781,634,000	–	134,260,262	–	3.59%	–
AIG	New	AMERICAN INTL GROUP INC	$1,698,183,000	–	32,107,817	–	3.42%	–
JPM	New	JPMORGAN CHASE & CO	$1,628,413,000	–	26,205,547	–	3.28%	–
TEL	New	TE CONNECTIVITY LTD	$1,606,425,000	–	28,128,618	–	3.24%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,510,409,000	–	2,182,353	–	3.04%	–
MA	New	MASTERCARD INCcl a	$1,420,838,000	–	16,134,895	–	2.86%	–
WFC	New	WELLS FARGO & CO NEW	$1,285,876,000	–	27,168,310	–	2.59%	–
C	New	CITIGROUP INC	$1,201,830,000	–	28,351,737	–	2.42%	–
GE	New	GENERAL ELECTRIC CO	$1,199,935,000	–	38,117,385	–	2.42%	–
CAT	New	CATERPILLAR INC DEL	$1,048,884,000	–	13,835,695	–	2.11%	–
CMI	New	CUMMINS INC	$973,777,000	–	8,660,414	–	1.96%	–
BIDU	New	BAIDU INCspon adr rep a	$869,792,000	–	5,266,680	–	1.75%	–
AON	New	AON PLC	$856,544,000	–	7,841,660	–	1.73%	–
GS	New	GOLDMAN SACHS GROUP INC	$853,400,000	–	5,743,708	–	1.72%	–
APA	New	APACHE CORP	$839,837,000	–	15,085,997	–	1.69%	–
MSFT	New	MICROSOFT CORP	$837,445,000	–	16,365,931	–	1.69%	–
INTC	New	INTEL CORP	$811,308,000	–	24,734,993	–	1.64%	–
TV	New	GRUPO TELEVISA SAspon adr rep ord	$778,291,000	–	29,888,272	–	1.57%	–
UNH	New	UNITEDHEALTH GROUP INC	$714,806,000	–	5,062,362	–	1.44%	–
DEO	New	DIAGEO P L Cspon adr new	$637,211,000	–	5,645,032	–	1.28%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$604,689,000	–	23,834,788	–	1.22%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$584,451,000	–	15,585,352	–	1.18%	–
V	New	VISA INC	$583,245,000	–	7,863,614	–	1.18%	–
AMAT	New	APPLIED MATLS INC	$573,025,000	–	23,905,923	–	1.16%	–
COF	New	CAPITAL ONE FINL CORP	$525,623,000	–	8,276,231	–	1.06%	–
AFL	New	AFLAC INC	$514,451,000	–	7,129,309	–	1.04%	–
LNKD	New	LINKEDIN CORP	$511,098,000	–	2,700,650	–	1.03%	–
PFG	New	PRINCIPAL FINL GROUP INC	$510,573,000	–	12,419,677	–	1.03%	–
TXN	New	TEXAS INSTRS INC	$508,135,000	–	8,110,695	–	1.02%	–
DOV	New	DOVER CORP	$486,726,000	–	7,021,444	–	0.98%	–
CVS	New	CVS HEALTH CORP	$486,578,000	–	5,082,289	–	0.98%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$476,426,000	–	3,832,561	–	0.96%	–
BLK	New	BLACKROCK INC	$475,695,000	–	1,388,768	–	0.96%	–
BK	New	BANK NEW YORK MELLON CORP	$470,801,000	–	12,118,431	–	0.95%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$468,529,000	–	2,049,200	–	0.94%	–
NOV	New	NATIONAL OILWELL VARCO INC	$465,946,000	–	13,846,836	–	0.94%	–
MLCO	New	MELCO CROWN ENTMT LTDadr	$465,076,000	–	36,969,470	–	0.94%	–
UNP	New	UNION PAC CORP	$464,275,000	–	5,321,203	–	0.94%	–
GOOGL	New	ALPHABET INCcap stk cl a	$444,329,000	–	631,571	–	0.90%	–
KMX	New	CARMAX INC	$432,854,000	–	8,828,352	–	0.87%	–
CBRE	New	CBRE GROUP INCcl a	$424,761,000	–	16,040,837	–	0.86%	–
FDX	New	FEDEX CORP	$420,881,000	–	2,772,970	–	0.85%	–
STT	New	STATE STR CORP	$407,795,000	–	7,562,975	–	0.82%	–
ALLY	New	ALLY FINL INC	$401,350,000	–	23,512,030	–	0.81%	–
PM	New	PHILIP MORRIS INTL INC	$372,827,000	–	3,665,227	–	0.75%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$369,320,000	–	4,020,025	–	0.74%	–
IPG	New	INTERPUBLIC GROUP COS INC	$368,637,000	–	15,958,306	–	0.74%	–
FL	New	FOOT LOCKER INC	$366,988,000	–	6,689,530	–	0.74%	–
HOG	New	HARLEY DAVIDSON INC	$358,713,000	–	7,918,594	–	0.72%	–
AAPL	New	APPLE INC	$357,568,000	–	3,740,247	–	0.72%	–
APC	New	ANADARKO PETE CORP	$347,434,000	–	6,524,590	–	0.70%	–
WHR	New	WHIRLPOOL CORP	$346,003,000	–	2,076,350	–	0.70%	–
QCOM	New	QUALCOMM INC	$330,423,000	–	6,168,055	–	0.67%	–
CMCSA	New	COMCAST CORP NEWcl a	$326,324,000	–	5,005,729	–	0.66%	–
AMTD	New	TD AMERITRADE HLDG CORP	$319,956,000	–	11,236,394	–	0.64%	–
BAX	New	BAXTER INTL INC	$314,685,000	–	6,958,993	–	0.63%	–
MDT	New	MEDTRONIC PLC	$303,847,000	–	3,501,748	–	0.61%	–
BWA	New	BORGWARNER INC	$297,394,000	–	10,074,318	–	0.60%	–
PH	New	PARKER HANNIFIN CORP	$278,125,000	–	2,574,040	–	0.56%	–
TIF	New	TIFFANY & CO NEW	$277,051,000	–	4,568,794	–	0.56%	–
UL	New	UNILEVER PLCspon adr new	$274,482,000	–	5,729,107	–	0.55%	–
HAL	New	HALLIBURTON CO	$255,971,000	–	5,651,812	–	0.52%	–
FLS	New	FLOWSERVE CORP	$255,225,000	–	5,650,315	–	0.51%	–
TRCO	New	TRIBUNE MEDIA COcl a	$244,764,000	–	6,247,166	–	0.49%	–
ROK	New	ROCKWELL AUTOMATION INC	$239,784,000	–	2,088,346	–	0.48%	–
SNY	New	SANOFIsponsored adr	$233,191,000	–	5,572,075	–	0.47%	–
THC	New	TENET HEALTHCARE CORP	$230,346,000	–	8,333,793	–	0.46%	–
RGA	New	REINSURANCE GROUP AMER INC	$224,079,000	–	2,310,335	–	0.45%	–
Q	New	QUINTILES TRANSNATIO HLDGS I	$216,159,000	–	3,309,220	–	0.44%	–
BHI	New	BAKER HUGHES INC	$214,824,000	–	4,760,114	–	0.43%	–
NWSA	New	NEWS CORP NEWcl a	$212,701,000	–	18,740,181	–	0.43%	–
USB	New	US BANCORP DEL	$211,644,000	–	5,247,806	–	0.43%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$201,312,000	–	32,894,101	–	0.41%	–
USG	New	U S G CORP	$188,031,000	–	6,974,450	–	0.38%	–
TROW	New	PRICE T ROWE GROUP INC	$183,129,000	–	2,509,651	–	0.37%	–
MON	New	MONSANTO CO NEW	$181,311,000	–	1,753,322	–	0.36%	–
HHC	New	HOWARD HUGHES CORP	$161,799,000	–	1,415,318	–	0.33%	–
HSNI	New	HSN INC	$158,871,000	–	3,246,899	–	0.32%	–
HRI	New	HERC HLDGS INC	$158,591,000	–	4,610,200	–	0.32%	–
OSK	New	OSHKOSH CORP	$152,953,000	–	3,205,900	–	0.31%	–
LEA	New	LEAR CORP	$145,307,000	–	1,427,934	–	0.29%	–
ITRI	New	ITRON INC	$139,512,000	–	3,236,939	–	0.28%	–
JLL	New	JONES LANG LASALLE INC	$130,076,000	–	1,334,805	–	0.26%	–
KATE	New	KATE SPADE & CO	$129,798,000	–	6,297,811	–	0.26%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$125,903,000	–	5,357,552	–	0.25%	–
CMA	New	COMERICA INC	$122,740,000	–	2,984,185	–	0.25%	–
MFS	New	MANITOWOC FOODSERVICE INC	$116,076,000	–	6,587,724	–	0.23%	–
GWW	New	GRAINGER W W INC	$92,123,000	–	405,382	–	0.19%	–
LBRDK	New	LIBERTY BROADBAND CORP	$90,968,000	–	1,516,135	–	0.18%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$90,731,000	–	2,631,408	–	0.18%	–
CRI	New	CARTER INC	$88,636,000	–	832,500	–	0.18%	–
QGEN	New	QIAGEN NV	$72,670,000	–	3,331,940	–	0.15%	–
AXTA	New	AXALTA COATING SYS LTD	$59,577,000	–	2,245,615	–	0.12%	–
HCA	New	HCA HOLDINGS INC	$52,112,000	–	676,692	–	0.10%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$47,002,000	–	589,880	–	0.10%	–
MLHR	New	MILLER HERMAN INC	$44,831,000	–	1,499,852	–	0.09%	–
WCC	New	WESCO INTL INC	$43,909,000	–	852,775	–	0.09%	–
CDW	New	CDW CORP	$41,336,000	–	1,031,335	–	0.08%	–
MTW	New	MANITOWOC INC	$36,046,000	–	6,614,024	–	0.07%	–
ETFC	New	E TRADE FINANCIAL CORP	$35,717,000	–	1,520,505	–	0.07%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$26,784,000	–	360,735	–	0.05%	–
ITW	New	ILLINOIS TOOL WKS INC	$26,139,000	–	250,955	–	0.05%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$24,774,000	–	978,800	–	0.05%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$24,099,000	–	421,030	–	0.05%	–
MGM	New	MGM RESORTS INTERNATIONAL	$22,609,000	–	999,100	–	0.05%	–
LRCX	New	LAM RESEARCH CORP	$13,731,000	–	163,348	–	0.03%	–
CHK	New	CHESAPEAKE ENERGY CORP	$12,883,000	–	3,010,000	–	0.03%	–
VWR	New	VWR CORP	$11,673,000	–	403,900	–	0.02%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$10,760,000	–	165,024	–	0.02%	–
TMK	New	TORCHMARK CORP	$7,415,000	–	119,951	–	0.02%	–
OII	New	OCEANEERING INTL INC	$2,266,000	–	75,900	–	0.01%	–
CPN	New	CALPINE CORP	$1,217,000	–	82,500	–	0.00%	–
AGCO	New	AGCO CORP	$1,116,000	–	23,675	–	0.00%	–
T	New	AT&T INC	$974,000	–	22,549	–	0.00%	–
CIT	New	CIT GROUP INC	$754,000	–	23,625	–	0.00%	–
DKS	New	DICKS SPORTING GOODS INC	$671,000	–	14,900	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
UN	Exit	UNILEVER N V	$0	–	-5,800	–	0.00%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,247	–	0.00%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-3,087	–	-0.00%	–
AGCO	Exit	AGCO CORP	$0	–	-28,150	–	-0.00%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-47,325	–	-0.00%	–
TMK	Exit	TORCHMARK CORP	$0	–	-131,362	–	-0.01%	–
OSK	Exit	OSHKOSH CORP	$0	–	-287,550	–	-0.02%	–
UPLMQ	Exit	ULTRA PETROLEUM CORP	$0	–	-1,890,100	–	-0.02%	–
CDW	Exit	CDW CORP	$0	–	-335,477	–	-0.02%	–
BLT	Exit	BLOUNT INTL INC NEW	$0	–	-2,904,186	–	-0.03%	–
SCCO	Exit	SOUTHERN COPPER CORP	$0	–	-705,000	–	-0.03%	–
CMA	Exit	COMERICA INC	$0	–	-470,226	–	-0.03%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-326,490	–	-0.04%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-610,055	–	-0.04%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-942,266	–	-0.05%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-2,171,625	–	-0.06%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-2,319,162	–	-0.06%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-1,361,241	–	-0.06%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-597,235	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-944,231	–	-0.09%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-2,069,999	–	-0.10%	–
KN	Exit	KNOWLES CORP	$0	–	-3,333,112	–	-0.11%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Dcl a new	$0	–	-367,811	–	-0.11%	–
WCC	Exit	WESCO INTL INC	$0	–	-1,486,760	–	-0.12%	–
MTW	Exit	MANITOWOC INC	$0	–	-4,648,600	–	-0.12%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-908,300	–	-0.13%	–
CAB	Exit	CABELAS INC	$0	–	-1,622,065	–	-0.13%	–
CRI	Exit	CARTER INC	$0	–	-941,150	–	-0.15%	–
ITRI	Exit	ITRON INC	$0	–	-2,923,470	–	-0.16%	–
KATE	Exit	KATE SPADE & CO	$0	–	-5,145,584	–	-0.17%	–
DNOW	Exit	NOW INC	$0	–	-6,695,711	–	-0.17%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-932,888	–	-0.19%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-1,629,500	–	-0.19%	–
BRKR	Exit	BRUKER CORP	$0	–	-6,789,336	–	-0.20%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,383,922	–	-0.20%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-5,014,850	–	-0.21%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-3,213,080	–	-0.22%	–
USG	Exit	U S G CORP	$0	–	-5,058,800	–	-0.24%	–
GWW	Exit	GRAINGER W W INC	$0	–	-834,598	–	-0.31%	–
CPN	Exit	CALPINE CORP	$0	–	-12,660,999	–	-0.32%	–
HSNI	Exit	HSN INC	$0	–	-3,267,554	–	-0.33%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-3,492,954	–	-0.34%	–
USB	Exit	US BANCORP DEL	$0	–	-4,759,365	–	-0.34%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-885,750	–	-0.36%	–
TRCO	Exit	TRIBUNE MEDIA COcl a	$0	–	-5,889,566	–	-0.37%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-1,425,665	–	-0.37%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,142,350	–	-0.37%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-3,936,611	–	-0.38%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,257,347	–	-0.40%	–
RGA	Exit	REINSURANCE GROUP AMER INC	$0	–	-2,535,175	–	-0.40%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-6,645,053	–	-0.43%	–
KMX	Exit	CARMAX INC	$0	–	-4,322,179	–	-0.45%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-3,787,650	–	-0.46%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-20,940,581	–	-0.46%	–
HNT	Exit	HEALTH NET INC	$0	–	-4,455,366	–	-0.47%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-4,896,132	–	-0.49%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-5,912,950	–	-0.49%	–
LEA	Exit	LEAR CORP	$0	–	-2,749,043	–	-0.52%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,887,427	–	-0.54%	–
HAL	Exit	HALLIBURTON CO	$0	–	-8,920,572	–	-0.55%	–
QCOM	Exit	QUALCOMM INC	$0	–	-5,957,899	–	-0.56%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-44,478,225	–	-0.57%	–
BWA	Exit	BORGWARNER INC	$0	–	-7,852,609	–	-0.57%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,952,400	–	-0.58%	–
STT	Exit	STATE STR CORP	$0	–	-5,009,925	–	-0.59%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-8,267,630	–	-0.59%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-8,312,475	–	-0.60%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-9,131,396	–	-0.60%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-18,052,313	–	-0.60%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-7,089,548	–	-0.64%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,649,065	–	-0.65%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-28,317,091	–	-0.65%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-5,018,038	–	-0.68%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-4,022,857	–	-0.68%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-8,218,950	–	-0.71%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-13,509,321	–	-0.75%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-5,855,268	–	-0.76%	–
DOV	Exit	DOVER CORP	$0	–	-7,749,618	–	-0.78%	–
AFL	Exit	AFLAC INC	$0	–	-7,958,298	–	-0.81%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-6,973,542	–	-0.82%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-12,768,045	–	-0.83%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-12,253,611	–	-0.84%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-10,212,029	–	-0.84%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-35,436,027	–	-0.85%	–
FDX	Exit	FEDEX CORP	$0	–	-3,427,974	–	-0.86%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,164,629	–	-0.87%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-15,594,647	–	-0.87%	–
APA	Exit	APACHE CORP	$0	–	-13,578,093	–	-0.93%	–
FL	Exit	FOOT LOCKER INC	$0	–	-7,544,075	–	-0.95%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-15,963,652	–	-0.99%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,952,208	–	-1.02%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-42,065,524	–	-1.08%	–
MON	Exit	MONSANTO CO NEW	$0	–	-7,478,306	–	-1.12%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-6,033,957	–	-1.14%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-8,984,688	–	-1.14%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-24,897,596	–	-1.14%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-5,677,550	–	-1.15%	–
AAPL	Exit	APPLE INC	$0	–	-6,279,212	–	-1.21%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-4,318,071	–	-1.31%	–
CMI	Exit	CUMMINS INC	$0	–	-6,956,751	–	-1.32%	–
V	Exit	VISA INC	$0	–	-11,042,929	–	-1.34%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-12,883,673	–	-1.36%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,536,281	–	-1.38%	–
WSH	Exit	WILLIS GROUP HOLDINGS PUBLIC	$0	–	-19,742,439	–	-1.41%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-1,295,093	–	-1.45%	–
UNP	Exit	UNION PAC CORP	$0	–	-9,546,965	–	-1.48%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-22,017,854	–	-1.70%	–
AON	Exit	AON PLC	$0	–	-11,755,909	–	-1.82%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-16,192,304	–	-1.85%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-1,906,344	–	-2.03%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-50,244,058	–	-2.22%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-9,325,265	–	-2.24%	–
C	Exit	CITIGROUP INC	$0	–	-25,951,518	–	-2.25%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-29,279,202	–	-3.07%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-34,371,913	–	-3.09%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-19,636,038	–	-3.10%	–
ORCL	Exit	ORACLE CORP	$0	–	-49,743,031	–	-3.14%	–
INTC	Exit	INTEL CORP	$0	–	-62,988,515	–	-3.32%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-32,292,189	–	-3.44%	–
BAC	Exit	BANK AMER CORP	$0	–	-139,517,630	–	-3.80%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-38,748,564	–	-3.85%	–
GM	Exit	GENERAL MTRS CO	$0	–	-80,931,196	–	-4.25%	–

Q3 2015

			Value		Shares		↓ Weighting
GM	Buy	GENERAL MTRS CO	$2,429,554,000	-6.6%	80,931,196	+3.6%	4.25%	+2.3%
AIG	Sell	AMERICAN INTL GROUP INC	$2,201,694,000	-9.0%	38,748,564	-1.0%	3.85%	-0.3%
BAC	Buy	BANK AMER CORP	$2,173,684,000	-8.4%	139,517,630	+0.1%	3.80%	+0.3%
JPM	Sell	JPMORGAN CHASE & CO	$1,968,854,000	-10.3%	32,292,189	-0.3%	3.44%	-1.7%
INTC	Sell	INTEL CORP	$1,898,474,000	-2.2%	62,988,515	-1.3%	3.32%	+7.1%
ORCL	Sell	ORACLE CORP	$1,796,719,000	-10.6%	49,743,031	-0.3%	3.14%	-2.1%
MA	Sell	MASTERCARD INCcl a	$1,769,600,000	-14.1%	19,636,038	-10.9%	3.10%	-5.9%
WFC	Sell	WELLS FARGO & CO NEW	$1,764,997,000	-13.9%	34,371,913	-5.7%	3.09%	-5.7%
TEL	Sell	TE CONNECTIVITY LTD	$1,753,531,000	-8.0%	29,279,202	-1.2%	3.07%	+0.8%
C	Buy	CITIGROUP INC	$1,287,455,000	-7.1%	25,951,518	+3.5%	2.25%	+1.8%
BIDU	New	BAIDU INCspon adr rep a	$1,281,385,000	–	9,325,265	–	2.24%	–
GE	Buy	GENERAL ELECTRIC CO	$1,267,155,000	+13.9%	50,244,058	+20.0%	2.22%	+24.8%
GOOG	Buy	GOOGLE INCcl c	$1,159,858,000	+192.3%	1,906,344	+150.1%	2.03%	+220.4%
CAT	Buy	CATERPILLAR INC DEL	$1,058,329,000	+8.6%	16,192,304	+40.9%	1.85%	+19.0%
AON	Sell	AON PLC	$1,041,691,000	-12.6%	11,755,909	-1.7%	1.82%	-4.3%
MSFT	Buy	MICROSOFT CORP	$974,510,000	+0.5%	22,017,854	+0.3%	1.70%	+10.1%
UNP	Sell	UNION PAC CORP	$844,047,000	-11.0%	9,546,965	-4.0%	1.48%	-2.4%
GOOGL	Sell	GOOGLE INCcl a	$826,748,000	-35.0%	1,295,093	-45.0%	1.45%	-28.7%
WSH	Sell	WILLIS GROUP HOLDINGS PUBLIC	$808,848,000	-16.0%	19,742,439	-3.8%	1.41%	-7.9%
AMZN	Sell	AMAZON COM INC	$786,406,000	-45.2%	1,536,281	-53.5%	1.38%	-40.0%
APC	New	ANADARKO PETE CORP	$778,045,000	–	12,883,673	–	1.36%	–
V	Sell	VISA INC	$769,251,000	-32.6%	11,042,929	-35.0%	1.34%	-26.2%
CMI	Buy	CUMMINS INC	$755,364,000	+171.2%	6,956,751	+227.7%	1.32%	+196.9%
GS	Buy	GOLDMAN SACHS GROUP INC	$750,308,000	-15.0%	4,318,071	+2.1%	1.31%	-6.9%
AAPL	Buy	APPLE INC	$692,597,000	-2.8%	6,279,212	+10.6%	1.21%	+6.5%
UNH	Sell	UNITEDHEALTH GROUP INC	$658,653,000	-7.9%	5,677,550	-3.1%	1.15%	+1.0%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$653,064,000	-1.6%	24,897,596	+4.1%	1.14%	+7.8%
COF	Sell	CAPITAL ONE FINL CORP	$651,569,000	-18.4%	8,984,688	-1.0%	1.14%	-10.6%
DEO	Sell	DIAGEO P L Cspon adr new	$650,400,000	-14.0%	6,033,957	-7.4%	1.14%	-5.8%
MON	Buy	MONSANTO CO NEW	$638,199,000	-12.4%	7,478,306	+9.4%	1.12%	-4.0%
AMAT	Buy	APPLIED MATLS INC	$617,943,000	+4.9%	42,065,524	+37.3%	1.08%	+15.0%
BLK	Buy	BLACKROCK INC	$580,723,000	+9.9%	1,952,208	+27.8%	1.02%	+20.4%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$566,231,000	-4.7%	15,963,652	-0.6%	0.99%	+4.4%
FL	Sell	FOOT LOCKER INC	$542,947,000	+5.0%	7,544,075	-2.3%	0.95%	+14.9%
APA	Sell	APACHE CORP	$531,718,000	-40.2%	13,578,093	-12.0%	0.93%	-34.5%
CBRE	Sell	CBRE GROUP INCcl a	$499,029,000	-15.0%	15,594,647	-1.7%	0.87%	-6.8%
CVS	Sell	CVS HEALTH CORP	$498,283,000	-13.3%	5,164,629	-5.8%	0.87%	-5.1%
FDX	Buy	FEDEX CORP	$493,560,000	-11.6%	3,427,974	+4.6%	0.86%	-3.1%
MLCO	Buy	MELCO CROWN ENTMT LTDadr	$487,600,000	-20.6%	35,436,027	+13.2%	0.85%	-13.0%
PFG	Buy	PRINCIPAL FINL GROUP INC	$483,437,000	-7.7%	10,212,029	+0.0%	0.84%	+1.1%
BK	Buy	BANK NEW YORK MELLON CORP	$479,729,000	-6.7%	12,253,611	+0.0%	0.84%	+2.2%
BEN	Sell	FRANKLIN RES INC	$475,738,000	-60.2%	12,768,045	-47.6%	0.83%	-56.4%
MDT	Sell	MEDTRONIC PLC	$466,809,000	-14.6%	6,973,542	-5.5%	0.82%	-6.5%
AFL	Sell	AFLAC INC	$462,616,000	-24.4%	7,958,298	-19.1%	0.81%	-17.2%
DOV	Sell	DOVER CORP	$443,123,000	-25.4%	7,749,618	-8.4%	0.78%	-18.2%
AXP	Buy	AMERICAN EXPRESS CO	$434,051,000	+75.7%	5,855,268	+84.3%	0.76%	+92.6%
AMTD	Sell	TD AMERITRADE HLDG CORP	$430,137,000	-13.7%	13,509,321	-0.2%	0.75%	-5.5%
TXN	Buy	TEXAS INSTRS INC	$407,002,000	+6.8%	8,218,950	+11.1%	0.71%	+17.1%
PH	Buy	PARKER HANNIFIN CORP	$391,424,000	-9.6%	4,022,857	+8.1%	0.68%	-1.0%
TIF	Buy	TIFFANY & CO NEW	$387,493,000	-2.0%	5,018,038	+16.5%	0.68%	+7.4%
FCAU	Buy	FIAT CHRYSLER AUTOMOBILES N	$374,069,000	+6.2%	28,317,091	+16.8%	0.65%	+16.4%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$373,599,000	+0.3%	4,649,065	+0.1%	0.65%	+9.7%
BHI	Buy	BAKER HUGHES INC	$368,940,000	-2.1%	7,089,548	+16.0%	0.64%	+7.1%
IPG	Sell	INTERPUBLIC GROUP COS INC	$345,340,000	-10.8%	18,052,313	-10.2%	0.60%	-2.3%
NOV	Sell	NATIONAL OILWELL VARCO INC	$343,797,000	-68.3%	9,131,396	-59.3%	0.60%	-65.3%
FLS	Buy	FLOWSERVE CORP	$341,975,000	-13.2%	8,312,475	+11.0%	0.60%	-4.9%
UL	Sell	UNILEVER PLCspon adr new	$337,154,000	-28.0%	8,267,630	-24.2%	0.59%	-21.1%
STT	Buy	STATE STR CORP	$336,717,000	-2.8%	5,009,925	+11.4%	0.59%	+6.5%
GIS	Buy	GENERAL MLS INC	$334,108,000	+0.7%	5,952,400	+0.0%	0.58%	+10.4%
BWA	Buy	BORGWARNER INC	$326,590,000	-6.4%	7,852,609	+28.0%	0.57%	+2.5%
CHK	Sell	CHESAPEAKE ENERGY CORP	$326,025,000	-37.1%	44,478,225	-4.1%	0.57%	-31.1%
QCOM	Sell	QUALCOMM INC	$320,118,000	-16.4%	5,957,899	-2.6%	0.56%	-8.3%
HAL	Sell	HALLIBURTON CO	$315,343,000	-36.0%	8,920,572	-22.0%	0.55%	-30.0%
LEA	Sell	LEAR CORP	$299,041,000	-3.2%	2,749,043	-0.2%	0.52%	+6.1%
SNY	Buy	SANOFIsponsored adr	$280,688,000	-4.1%	5,912,950	+0.1%	0.49%	+5.1%
CMCSK	Sell	COMCAST CORP NEWcl a spl	$280,254,000	-20.4%	4,896,132	-16.7%	0.49%	-12.8%
HNT	Sell	HEALTH NET INC	$268,302,000	-19.6%	4,455,366	-14.4%	0.47%	-12.0%
NWSA	Buy	NEWS CORP NEWcl a	$264,270,000	-13.4%	20,940,581	+0.1%	0.46%	-5.1%
TROW	Buy	PRICE T ROWE GROUP INC	$263,241,000	-8.6%	3,787,650	+2.2%	0.46%	0.0%
KMX	Sell	CARMAX INC	$256,392,000	-12.2%	4,322,179	-2.1%	0.45%	-3.9%
THC	Buy	TENET HEALTHCARE CORP	$245,336,000	-33.1%	6,645,053	+4.9%	0.43%	-26.7%
RGA	Sell	REINSURANCE GROUP AMER INC	$229,662,000	-4.8%	2,535,175	-0.3%	0.40%	+4.4%
ROK	Sell	ROCKWELL AUTOMATION INC	$229,053,000	-18.6%	2,257,347	-0.0%	0.40%	-10.7%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$217,891,000	-0.1%	3,936,611	-9.7%	0.38%	+9.5%
ACN	Buy	ACCENTURE PLC IRELAND	$210,508,000	+1.7%	2,142,350	+0.2%	0.37%	+11.5%
TRCO	Buy	TRIBUNE MEDIA COcl a	$209,669,000	-28.1%	5,889,566	+7.9%	0.37%	-21.1%
WHR	Buy	WHIRLPOOL CORP	$209,943,000	+8.4%	1,425,665	+27.4%	0.37%	+18.8%
PCP	Sell	PRECISION CASTPARTS CORP	$203,466,000	-48.7%	885,750	-55.3%	0.36%	-43.8%
USB	Sell	US BANCORP DEL	$195,182,000	-5.5%	4,759,365	-0.0%	0.34%	+3.3%
HOG	Buy	HARLEY DAVIDSON INC	$191,763,000	+45.0%	3,492,954	+48.9%	0.34%	+58.8%
HSNI	Sell	HSN INC	$187,035,000	-21.8%	3,267,554	-4.1%	0.33%	-14.4%
CPN	Sell	CALPINE CORP	$184,851,000	-25.1%	12,660,999	-7.7%	0.32%	-18.0%
GWW	Buy	GRAINGER W W INC	$179,447,000	+27.4%	834,598	+40.2%	0.31%	+39.6%
USG	Buy	U S G CORP	$134,665,000	+94.7%	5,058,800	+103.3%	0.24%	+113.6%
OII	New	OCEANEERING INTL INC	$126,210,000	–	3,213,080	–	0.22%	–
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$120,557,000	-13.7%	5,014,850	-1.3%	0.21%	-5.4%
ITW	Sell	ILLINOIS TOOL WKS INC	$113,911,000	-11.0%	1,383,922	-0.7%	0.20%	-2.5%
BRKR	Sell	BRUKER CORP	$111,549,000	-19.5%	6,789,336	-0.0%	0.20%	-11.8%
OMC	Sell	OMNICOM GROUP INC	$107,385,000	-60.6%	1,629,500	-58.5%	0.19%	-56.8%
HHC	Buy	HOWARD HUGHES CORP	$107,040,000	+42.2%	932,888	+77.9%	0.19%	+55.8%
DNOW	Buy	NOW INC	$99,097,000	-4.8%	6,695,711	+28.0%	0.17%	+4.2%
KATE	Buy	KATE SPADE & CO	$98,332,000	+90.9%	5,145,584	+115.2%	0.17%	+109.8%
ITRI	Sell	ITRON INC	$93,288,000	-19.8%	2,923,470	-13.4%	0.16%	-12.4%
CRI	Sell	CARTER INC	$85,306,000	-29.0%	941,150	-16.7%	0.15%	-22.4%
CAB	Buy	CABELAS INC	$73,966,000	+23.6%	1,622,065	+35.5%	0.13%	+34.4%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$72,055,000	-1.1%	908,300	-0.8%	0.13%	+8.6%
MTW	Buy	MANITOWOC INC	$69,729,000	+274.3%	4,648,600	+389.1%	0.12%	+306.7%
WCC	Sell	WESCO INTL INC	$69,090,000	-42.6%	1,486,760	-15.3%	0.12%	-37.0%
CHTR	New	CHARTER COMMUNICATIONS INC Dcl a new	$64,680,000	–	367,811	–	0.11%	–
KN	Sell	KNOWLES CORP	$61,429,000	+1.3%	3,333,112	-0.5%	0.11%	+10.3%
MLHR	Sell	MILLER HERMAN INC	$59,699,000	-0.3%	2,069,999	-0.0%	0.10%	+8.3%
CMCSA	Sell	COMCAST CORP NEWcl a	$53,708,000	-26.2%	944,231	-22.0%	0.09%	-19.0%
DDS	Buy	DILLARDS INCcl a	$52,192,000	+42.0%	597,235	+70.9%	0.09%	+54.2%
ORBK	Sell	ORBOTECH LTDord	$35,831,000	-25.8%	2,319,162	-0.2%	0.06%	-18.2%
ETFC	Buy	E TRADE FINANCIAL CORP	$35,842,000	-5.9%	1,361,241	+7.0%	0.06%	+3.3%
RDC	Sell	ROWAN COMPANIES PLC	$35,072,000	-66.3%	2,171,625	-55.9%	0.06%	-63.3%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$27,985,000	-25.2%	942,266	-7.7%	0.05%	-18.3%
LVS	Sell	LAS VEGAS SANDS CORP	$23,163,000	-90.3%	610,055	-86.6%	0.04%	-89.3%
LRCX	Sell	LAM RESEARCH CORP	$21,330,000	-25.1%	326,490	-6.8%	0.04%	-17.8%
CMA	Sell	COMERICA INC	$19,326,000	-20.1%	470,226	-0.2%	0.03%	-12.8%
BLT	Buy	BLOUNT INTL INC NEW	$16,176,000	-36.0%	2,904,186	+25.5%	0.03%	-30.0%
CDW	New	CDW CORP	$13,708,000	–	335,477	–	0.02%	–
UPLMQ	Sell	ULTRA PETROLEUM CORP	$12,078,000	-88.0%	1,890,100	-76.5%	0.02%	-86.9%
OSK	Buy	OSHKOSH CORP	$10,447,000	+619.5%	287,550	+739.6%	0.02%	+800.0%
TMK	Sell	TORCHMARK CORP	$7,409,000	-61.7%	131,362	-60.4%	0.01%	-58.1%
DKS	Sell	DICKS SPORTING GOODS INC	$2,348,000	-21.5%	47,325	-18.1%	0.00%	-20.0%
AGCO	Sell	AGCO CORP	$1,313,000	-18.1%	28,150	-0.4%	0.00%	-33.3%
AAP	Sell	ADVANCE AUTO PARTS INC	$585,000	-99.3%	3,087	-99.4%	0.00%	-99.2%
ABT	Exit	ABBOTT LABS	$0	–	-5,767	–	0.00%	–
UN	Sell	UNILEVER N V	$233,000	-6.0%	5,800	-2.3%	0.00%	–
HD	Sell	HOME DEPOT INC	$260,000	-96.1%	2,247	-96.2%	0.00%	-100.0%
WMT	Exit	WAL-MART STORES INC	$0	–	-9,000	–	-0.00%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-8,800	–	-0.00%	–
PFE	Exit	PFIZER INC	$0	–	-9,525	–	-0.00%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-22,800	–	-0.00%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-8,000	–	-0.00%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,987	–	-0.00%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-4,004	–	-0.00%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,759	–	-0.00%	–
FNFV	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-72,416	–	-0.00%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-14,134	–	-0.00%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-16,300	–	-0.00%	–
DIS	Exit	DISNEY WALT CO	$0	–	-9,840	–	-0.00%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-60,692	–	-0.00%	–
A309PS	Exit	DIRECTV	$0	–	-28,780	–	-0.00%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-28,358	–	-0.00%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-31,300	–	-0.00%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HLDGS IN	$0	–	-55,000	–	-0.01%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-53,119	–	-0.01%	–
REMY	Exit	REMY INTL INC NEW	$0	–	-395,000	–	-0.01%	–
SNA	Exit	SNAP ON INC	$0	–	-74,995	–	-0.02%	–
OCR	Exit	OMNICARE INC	$0	–	-3,498,303	–	-0.53%	–

Q2 2015

			Value		Shares		↓ Weighting
GM	New	GENERAL MTRS CO	$2,602,600,000	–	78,085,818	–	4.15%	–
AIG	New	AMERICAN INTL GROUP INC	$2,420,112,000	–	39,147,715	–	3.86%	–
BAC	New	BANK AMER CORP	$2,372,932,000	–	139,420,190	–	3.79%	–
JPM	New	JPMORGAN CHASE & CO	$2,193,911,000	–	32,377,673	–	3.50%	–
MA	New	MASTERCARD INCcl a	$2,060,278,000	–	22,039,773	–	3.29%	–
WFC	New	WELLS FARGO & CO NEW	$2,050,378,000	–	36,457,656	–	3.27%	–
ORCL	New	ORACLE CORP	$2,010,427,000	–	49,886,518	–	3.21%	–
INTC	New	INTEL CORP	$1,941,739,000	–	63,841,492	–	3.10%	–
TEL	New	TE CONNECTIVITY LTD	$1,904,989,000	–	29,626,579	–	3.04%	–
AMZN	New	AMAZON COM INC	$1,434,866,000	–	3,305,456	–	2.29%	–
C	New	CITIGROUP INC	$1,385,213,000	–	25,076,267	–	2.21%	–
GOOGL	New	GOOGLE INCcl a	$1,271,159,000	–	2,353,823	–	2.03%	–
BEN	New	FRANKLIN RES INC	$1,195,432,000	–	24,381,642	–	1.91%	–
AON	New	AON PLC	$1,192,156,000	–	11,959,829	–	1.90%	–
V	New	VISA INC	$1,141,481,000	–	16,998,973	–	1.82%	–
GE	New	GENERAL ELECTRIC CO	$1,112,585,000	–	41,873,702	–	1.78%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,083,763,000	–	22,447,450	–	1.73%	–
CAT	New	CATERPILLAR INC DEL	$974,775,000	–	11,492,280	–	1.56%	–
MSFT	New	MICROSOFT CORP	$969,363,000	–	21,956,132	–	1.55%	–
WSH	New	WILLIS GROUP HOLDINGS PUBLIC	$962,490,000	–	20,522,179	–	1.54%	–
UNP	New	UNION PAC CORP	$948,006,000	–	9,940,298	–	1.51%	–
APA	New	APACHE CORP	$889,376,000	–	15,432,516	–	1.42%	–
GS	New	GOLDMAN SACHS GROUP INC	$882,810,000	–	4,228,218	–	1.41%	–
COF	New	CAPITAL ONE FINL CORP	$798,219,000	–	9,073,765	–	1.27%	–
DEO	New	DIAGEO P L Cspon adr new	$756,280,000	–	6,517,411	–	1.21%	–
MON	New	MONSANTO CO NEW	$728,424,000	–	6,833,888	–	1.16%	–
UNH	New	UNITEDHEALTH GROUP INC	$714,957,000	–	5,860,300	–	1.14%	–
AAPL	New	APPLE INC	$712,210,000	–	5,678,375	–	1.14%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$663,548,000	–	23,911,624	–	1.06%	–
MLCO	New	MELCO CROWN ENTMT LTDadr	$614,302,000	–	31,294,000	–	0.98%	–
AFL	New	AFLAC INC	$612,115,000	–	9,841,079	–	0.98%	–
DOV	New	DOVER CORP	$594,030,000	–	8,464,371	–	0.95%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$593,988,000	–	16,058,075	–	0.95%	–
AMAT	New	APPLIED MATLS INC	$588,841,000	–	30,636,875	–	0.94%	–
CBRE	New	CBRE GROUP INCcl a	$586,889,000	–	15,861,858	–	0.94%	–
CVS	New	CVS HEALTH CORP	$574,847,000	–	5,480,999	–	0.92%	–
FDX	New	FEDEX CORP	$558,287,000	–	3,276,334	–	0.89%	–
MDT	New	MEDTRONIC PLC	$546,808,000	–	7,379,332	–	0.87%	–
BLK	New	BLACKROCK INC	$528,517,000	–	1,527,593	–	0.84%	–
PFG	New	PRINCIPAL FINL GROUP INC	$523,770,000	–	10,211,927	–	0.84%	–
CHK	New	CHESAPEAKE ENERGY CORP	$517,959,000	–	46,370,575	–	0.83%	–
FL	New	FOOT LOCKER INC	$517,265,000	–	7,719,225	–	0.83%	–
BK	New	BANK NEW YORK MELLON CORP	$514,125,000	–	12,249,811	–	0.82%	–
AMTD	New	TD AMERITRADE HLDG CORP	$498,644,000	–	13,542,735	–	0.80%	–
HAL	New	HALLIBURTON CO	$492,794,000	–	11,441,696	–	0.79%	–
UL	New	UNILEVER PLCspon adr new	$468,294,000	–	10,900,708	–	0.75%	–
PH	New	PARKER HANNIFIN CORP	$432,999,000	–	3,722,157	–	0.69%	–
GOOG	New	GOOGLE INCcl c	$396,771,000	–	762,262	–	0.63%	–
PCP	New	PRECISION CASTPARTS CORP	$396,489,000	–	1,983,736	–	0.63%	–
TIF	New	TIFFANY & CO NEW	$395,385,000	–	4,307,031	–	0.63%	–
FLS	New	FLOWSERVE CORP	$394,193,000	–	7,485,625	–	0.63%	–
IPG	New	INTERPUBLIC GROUP COS INC	$387,366,000	–	20,102,045	–	0.62%	–
QCOM	New	QUALCOMM INC	$382,927,000	–	6,114,118	–	0.61%	–
TXN	New	TEXAS INSTRS INC	$381,011,000	–	7,396,830	–	0.61%	–
BHI	New	BAKER HUGHES INC	$377,011,000	–	6,110,388	–	0.60%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$372,568,000	–	4,643,749	–	0.60%	–
THC	New	TENET HEALTHCARE CORP	$366,513,000	–	6,332,303	–	0.58%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$352,299,000	–	24,246,291	–	0.56%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$352,298,000	–	5,877,505	–	0.56%	–
BWA	New	BORGWARNER INC	$348,783,000	–	6,136,218	–	0.56%	–
STT	New	STATE STR CORP	$346,413,000	–	4,498,875	–	0.55%	–
HNT	New	HEALTH NET INC	$333,784,000	–	5,205,615	–	0.53%	–
GIS	New	GENERAL MLS INC	$331,634,000	–	5,951,800	–	0.53%	–
OCR	New	OMNICARE INC	$329,715,000	–	3,498,303	–	0.53%	–
PM	New	PHILIP MORRIS INTL INC	$311,655,000	–	3,887,427	–	0.50%	–
LEA	New	LEAR CORP	$309,079,000	–	2,753,243	–	0.49%	–
NWSA	New	NEWS CORP NEWcl a	$305,103,000	–	20,911,827	–	0.49%	–
SNY	New	SANOFIsponsored adr	$292,700,000	–	5,909,550	–	0.47%	–
KMX	New	CARMAX INC	$292,180,000	–	4,412,924	–	0.47%	–
TRCO	New	TRIBUNE MEDIA COcl a	$291,526,000	–	5,460,305	–	0.46%	–
TROW	New	PRICE T ROWE GROUP INC	$287,963,000	–	3,704,650	–	0.46%	–
ROK	New	ROCKWELL AUTOMATION INC	$281,427,000	–	2,257,917	–	0.45%	–
CMI	New	CUMMINS INC	$278,526,000	–	2,123,073	–	0.44%	–
OMC	New	OMNICOM GROUP INC	$272,656,000	–	3,923,670	–	0.44%	–
CPN	New	CALPINE CORP	$246,713,000	–	13,713,924	–	0.39%	–
AXP	New	AMERICAN EXPRESS CO	$246,971,000	–	3,177,705	–	0.39%	–
RGA	New	REINSURANCE GROUP AMER INC	$241,148,000	–	2,541,875	–	0.38%	–
HSNI	New	HSN INC	$239,178,000	–	3,407,574	–	0.38%	–
LVS	New	LAS VEGAS SANDS CORP	$239,301,000	–	4,552,043	–	0.38%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$218,135,000	–	4,361,821	–	0.35%	–
ACN	New	ACCENTURE PLC IRELAND	$207,022,000	–	2,139,100	–	0.33%	–
USB	New	US BANCORP DEL	$206,615,000	–	4,760,715	–	0.33%	–
WHR	New	WHIRLPOOL CORP	$193,719,000	–	1,119,440	–	0.31%	–
GWW	New	GRAINGER W W INC	$140,842,000	–	595,151	–	0.22%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$139,730,000	–	5,082,950	–	0.22%	–
BRKR	New	BRUKER CORP	$138,626,000	–	6,792,061	–	0.22%	–
HOG	New	HARLEY DAVIDSON INC	$132,228,000	–	2,346,554	–	0.21%	–
ITW	New	ILLINOIS TOOL WKS INC	$127,971,000	–	1,394,172	–	0.20%	–
CRI	New	CARTER INC	$120,074,000	–	1,129,575	–	0.19%	–
WCC	New	WESCO INTL INC	$120,453,000	–	1,754,845	–	0.19%	–
ITRI	New	ITRON INC	$116,265,000	–	3,375,870	–	0.19%	–
DNOW	New	NOW INC	$104,109,000	–	5,229,004	–	0.17%	–
RDC	New	ROWAN COMPANIES PLC	$103,947,000	–	4,924,082	–	0.17%	–
UPLMQ	New	ULTRA PETROLEUM CORP	$100,514,000	–	8,028,300	–	0.16%	–
AAP	New	ADVANCE AUTO PARTS INC	$78,537,000	–	493,046	–	0.12%	–
HHC	New	HOWARD HUGHES CORP	$75,280,000	–	524,452	–	0.12%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$72,871,000	–	916,050	–	0.12%	–
CMCSA	New	COMCAST CORP NEWcl a	$72,780,000	–	1,210,175	–	0.12%	–
USG	New	U S G CORP	$69,152,000	–	2,488,377	–	0.11%	–
KN	New	KNOWLES CORP	$60,659,000	–	3,351,312	–	0.10%	–
CAB	New	CABELAS INC	$59,845,000	–	1,197,378	–	0.10%	–
MLHR	New	MILLER HERMAN INC	$59,899,000	–	2,070,474	–	0.10%	–
KATE	New	KATE SPADE & CO	$51,498,000	–	2,390,800	–	0.08%	–
ORBK	New	ORBOTECH LTDord	$48,322,000	–	2,323,162	–	0.08%	–
ETFC	New	E TRADE FINANCIAL CORP	$38,086,000	–	1,271,651	–	0.06%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$37,434,000	–	1,021,115	–	0.06%	–
DDS	New	DILLARDS INCcl a	$36,759,000	–	349,460	–	0.06%	–
LRCX	New	LAM RESEARCH CORP	$28,486,000	–	350,165	–	0.04%	–
BLT	New	BLOUNT INTL INC NEW	$25,275,000	–	2,314,523	–	0.04%	–
CMA	New	COMERICA INC	$24,181,000	–	471,176	–	0.04%	–
SCCO	New	SOUTHERN COPPER CORP	$20,734,000	–	705,000	–	0.03%	–
TMK	New	TORCHMARK CORP	$19,322,000	–	331,887	–	0.03%	–
MTW	New	MANITOWOC INC	$18,629,000	–	950,459	–	0.03%	–
SNA	New	SNAP ON INC	$11,943,000	–	74,995	–	0.02%	–
REMY	New	REMY INTL INC NEW	$8,733,000	–	395,000	–	0.01%	–
HD	New	HOME DEPOT INC	$6,603,000	–	59,412	–	0.01%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$4,307,000	–	53,119	–	0.01%	–
AAWW	New	ATLAS AIR WORLDWIDE HLDGS IN	$3,023,000	–	55,000	–	0.01%	–
DKS	New	DICKS SPORTING GOODS INC	$2,990,000	–	57,750	–	0.01%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$2,663,000	–	31,300	–	0.00%	–
A309PS	New	DIRECTV	$2,670,000	–	28,780	–	0.00%	–
XOM	New	EXXON MOBIL CORP	$2,359,000	–	28,358	–	0.00%	–
AGCO	New	AGCO CORP	$1,604,000	–	28,250	–	0.00%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$1,886,000	–	60,692	–	0.00%	–
FNFV	New	FIDELITY NATIONAL FINANCIAL	$1,114,000	–	72,416	–	0.00%	–
OSK	New	OSHKOSH CORP	$1,452,000	–	34,250	–	0.00%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,376,000	–	16,300	–	0.00%	–
DIS	New	DISNEY WALT CO	$1,123,000	–	9,840	–	0.00%	–
JNJ	New	JOHNSON & JOHNSON	$1,377,000	–	14,134	–	0.00%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$323,000	–	1,987	–	0.00%	–
ABBV	New	ABBVIE INC	$387,000	–	5,759	–	0.00%	–
GNRC	New	GENERAC HLDGS INC	$350,000	–	8,800	–	0.00%	–
SBUX	New	STARBUCKS CORP	$429,000	–	8,000	–	0.00%	–
PFE	New	PFIZER INC	$319,000	–	9,525	–	0.00%	–
PENN	New	PENN NATL GAMING INC	$418,000	–	22,800	–	0.00%	–
GILD	New	GILEAD SCIENCES INC	$469,000	–	4,004	–	0.00%	–
WMT	New	WAL-MART STORES INC	$638,000	–	9,000	–	0.00%	–
ABT	New	ABBOTT LABS	$283,000	–	5,767	–	0.00%	–
UN	New	UNILEVER N V	$248,000	–	5,935	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
MRGE	Exit	MERGE HEALTHCARE INC	$0	–	-70,000	–	0.00%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-2,800	–	0.00%	–
CYS	Exit	CYS INVTS INC	$0	–	-26,380	–	0.00%	–
LLY	Exit	LILLY ELI & CO	$0	–	-3,700	–	0.00%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-5,749	–	0.00%	–
RPM	Exit	RPM INTL INC	$0	–	-4,393	–	0.00%	–
UN	Exit	UNILEVER N V	$0	–	-6,460	–	0.00%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-4,350	–	0.00%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-6,800	–	0.00%	–
UAMY	Exit	UNITED STATES ANTIMONY CORP	$0	–	-155,000	–	0.00%	–
AET	Exit	AETNA INC NEW	$0	–	-2,920	–	0.00%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-6,300	–	-0.00%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-9,950	–	-0.00%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-15,600	–	-0.00%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,582	–	-0.00%	–
PEP	Exit	PEPSICO INC	$0	–	-7,702	–	-0.00%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,569	–	-0.00%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,709	–	-0.00%	–
MBFI	Exit	MB FINANCIAL INC NEW	$0	–	-18,169	–	-0.00%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-9,050	–	-0.00%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-4,500	–	-0.00%	–
MHFI	Exit	MCGRAW HILL FINL INC	$0	–	-8,000	–	-0.00%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-5,924	–	-0.00%	–
K	Exit	KELLOGG CO	$0	–	-6,400	–	-0.00%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-14,200	–	-0.00%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,068	–	-0.00%	–
PSX	Exit	PHILLIPS 66	$0	–	-5,300	–	-0.00%	–
AMGN	Exit	AMGEN INC	$0	–	-3,037	–	-0.00%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-7,000	–	-0.00%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-11,500	–	-0.00%	–
ALL	Exit	ALLSTATE CORP	$0	–	-6,991	–	-0.00%	–
WCC	Exit	WESCO INTL INC	$0	–	-18,850	–	-0.00%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-19,480	–	-0.00%	–
HUBB	Exit	HUBBELL INCcl b	$0	–	-11,920	–	-0.00%	–
PFE	Exit	PFIZER INC	$0	–	-41,217	–	-0.00%	–
WAG	Exit	WALGREEN CO	$0	–	-21,800	–	-0.00%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-11,698	–	-0.00%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-20,600	–	-0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-75,627	–	-0.00%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-18,698	–	-0.00%	–
CSWC	Exit	CAPITAL SOUTHWEST CORP	$0	–	-45,928	–	-0.00%	–
MMM	Exit	3M CO	$0	–	-14,850	–	-0.00%	–
KO	Exit	COCA COLA CO	$0	–	-48,340	–	-0.00%	–
ABT	Exit	ABBOTT LABS	$0	–	-42,444	–	-0.00%	–
ABBV	Exit	ABBVIE INC	$0	–	-42,457	–	-0.00%	–
CMI	Exit	CUMMINS INC	$0	–	-20,533	–	-0.00%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-61,275	–	-0.00%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-12,605	–	-0.00%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-27,359	–	-0.01%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-121,100	–	-0.01%	–
DNOW	Exit	NOW INC	$0	–	-222,324	–	-0.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-45	–	-0.02%	–
DIS	Exit	DISNEY WALT CO	$0	–	-112,787	–	-0.02%	–
MTW	Exit	MANITOWOC INC	$0	–	-480,875	–	-0.02%	–
TMK	Exit	TORCHMARK CORP	$0	–	-339,487	–	-0.03%	–
ALV	Exit	AUTOLIV INC	$0	–	-219,150	–	-0.03%	–
HNI	Exit	HNI CORP	$0	–	-595,631	–	-0.04%	–
CMA	Exit	COMERICA INC	$0	–	-455,647	–	-0.04%	–
MCD	Exit	MCDONALDS CORP	$0	–	-254,878	–	-0.04%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-441,240	–	-0.04%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-985,116	–	-0.05%	–
CAB	Exit	CABELAS INC	$0	–	-514,273	–	-0.05%	–
FNFV	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-2,266,076	–	-0.05%	–
A309PS	Exit	DIRECTV	$0	–	-364,331	–	-0.05%	–
SNA	Exit	SNAP ON INC	$0	–	-278,680	–	-0.06%	–
BLT	Exit	BLOUNT INTL INC NEW	$0	–	-2,314,523	–	-0.06%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HLDGS IN	$0	–	-1,170,400	–	-0.06%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-2,727,260	–	-0.07%	–
DDS	Exit	DILLARDS INCcl a	$0	–	-494,055	–	-0.09%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-672,821	–	-0.09%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-4,860,721	–	-0.09%	–
NKE	Exit	NIKE INCcl b	$0	–	-640,503	–	-0.09%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-1,131,354	–	-0.11%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-770,943	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-1,237,923	–	-0.11%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-2,767,995	–	-0.12%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-130,308	–	-0.12%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-2,564,394	–	-0.13%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-831,205	–	-0.13%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-533,717	–	-0.13%	–
BRKR	Exit	BRUKER CORP	$0	–	-4,620,264	–	-0.14%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-859,799	–	-0.14%	–
CRI	Exit	CARTER INC	$0	–	-1,155,200	–	-0.15%	–
KN	Exit	KNOWLES CORP	$0	–	-3,443,463	–	-0.15%	–
ITRI	Exit	ITRON INC	$0	–	-2,747,125	–	-0.18%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-780,642	–	-0.19%	–
BAX	Exit	BAXTER INTL INC	$0	–	-1,662,410	–	-0.20%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-4,496,217	–	-0.20%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-978,575	–	-0.21%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-1,749,403	–	-0.21%	–
UPLMQ	Exit	ULTRA PETROLEUM CORP	$0	–	-6,838,166	–	-0.26%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-2,186,400	–	-0.28%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,139,100	–	-0.29%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-2,591,130	–	-0.29%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-7,560,450	–	-0.30%	–
RGA	Exit	REINSURANCE GROUP AMER INC	$0	–	-2,420,980	–	-0.32%	–
USB	Exit	US BANCORP DEL	$0	–	-4,766,583	–	-0.33%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-12,286,491	–	-0.33%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-4,972,109	–	-0.34%	–
HSNI	Exit	HSN INC	$0	–	-3,500,349	–	-0.35%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-3,465,313	–	-0.35%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,269,416	–	-0.41%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-3,240,521	–	-0.42%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-9,756,200	–	-0.42%	–
FDO	Exit	FAMILY DLR STORES INC	$0	–	-3,380,607	–	-0.43%	–
HAL	Exit	HALLIBURTON CO	$0	–	-4,195,430	–	-0.44%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-2,997,688	–	-0.47%	–
CPN	Exit	CALPINE CORP	$0	–	-13,480,884	–	-0.48%	–
KSS	Exit	KOHLS CORP	$0	–	-4,830,390	–	-0.48%	–
KMX	Exit	CARMAX INC	$0	–	-6,389,753	–	-0.49%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-2,915,770	–	-0.49%	–
HNT	Exit	HEALTH NET INC	$0	–	-6,491,267	–	-0.49%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,925,900	–	-0.49%	–
BWA	Exit	BORGWARNER INC	$0	–	-5,935,718	–	-0.51%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-4,931,138	–	-0.53%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-4,198,979	–	-0.53%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-7,041,503	–	-0.54%	–
OCR	Exit	OMNICARE INC	$0	–	-5,314,440	–	-0.54%	–
STT	Exit	STATE STR CORP	$0	–	-4,497,450	–	-0.54%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-5,859,450	–	-0.54%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-2,627,762	–	-0.55%	–
MON	Exit	MONSANTO CO NEW	$0	–	-2,988,253	–	-0.55%	–
TRW	Exit	TRW AUTOMOTIVE HLDGS CORP	$0	–	-3,344,279	–	-0.56%	–
LEA	Exit	LEAR CORP	$0	–	-3,962,973	–	-0.56%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-18,800,865	–	-0.56%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-5,949,727	–	-0.58%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-5,209,790	–	-0.59%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,321,769	–	-0.59%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-7,587,621	–	-0.59%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,881,012	–	-0.60%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-7,049,656	–	-0.62%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-4,604,991	–	-0.63%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,390,648	–	-0.66%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-3,721,157	–	-0.70%	–
FL	Exit	FOOT LOCKER INC	$0	–	-7,748,675	–	-0.71%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-10,440,186	–	-0.72%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-16,060,875	–	-0.73%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-13,482,353	–	-0.74%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-16,183,668	–	-0.79%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-6,080,629	–	-0.79%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-5,797,427	–	-0.79%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,517,017	–	-0.82%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-13,789,911	–	-0.88%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-10,221,977	–	-0.88%	–
AFL	Exit	AFLAC INC	$0	–	-9,363,489	–	-0.90%	–
DOV	Exit	DOVER CORP	$0	–	-6,916,888	–	-0.91%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-3,586,629	–	-0.97%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-20,750,297	–	-0.97%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-7,493,235	–	-1.04%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-4,065,814	–	-1.22%	–
APA	Exit	APACHE CORP	$0	–	-8,592,464	–	-1.32%	–
MDT	Exit	MEDTRONIC INC	$0	–	-13,336,635	–	-1.36%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-10,323,370	–	-1.38%	–
WSH	Exit	WILLIS GROUP HOLDINGS PUBLIC	$0	–	-20,563,779	–	-1.40%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-10,027,284	–	-1.42%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-7,582,334	–	-1.44%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-41,743,642	–	-1.48%	–
AON	Exit	AON PLC	$0	–	-10,841,998	–	-1.56%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-1,693,829	–	-1.64%	–
V	Exit	VISA INC	$0	–	-4,856,572	–	-1.70%	–
AAPL	Exit	APPLE INC	$0	–	-11,047,780	–	-1.83%	–
UNP	Exit	UNION PAC CORP	$0	–	-10,371,019	–	-1.85%	–
C	Exit	CITIGROUP INC	$0	–	-21,921,944	–	-1.86%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,650,674	–	-1.93%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-27,772,103	–	-2.52%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-28,966,233	–	-2.60%	–
FDX	Exit	FEDEX CORP	$0	–	-9,998,137	–	-2.65%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-22,257,828	–	-2.78%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-24,584,781	–	-2.98%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-36,341,337	–	-3.09%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-31,422,265	–	-3.11%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-36,818,255	–	-3.26%	–
BAC	Exit	BANK AMER CORP	$0	–	-128,010,916	–	-3.58%	–
GM	Exit	GENERAL MTRS CO	$0	–	-73,961,531	–	-3.88%	–
INTC	Exit	INTEL CORP	$0	–	-67,963,390	–	-3.88%	–
ORCL	Exit	ORACLE CORP	$0	–	-75,234,674	–	-4.73%	–

Q3 2014

			Value		Shares		↓ Weighting
ORCL	Buy	ORACLE CORP	$2,879,983,000	+0.9%	75,234,674	+6.8%	4.73%	-1.6%
INTC	Buy	INTEL CORP	$2,366,485,000	+13.4%	67,963,390	+0.6%	3.88%	+10.6%
GM	Buy	GENERAL MTRS CO	$2,362,331,000	-8.5%	73,961,531	+4.0%	3.88%	-10.7%
BAC	Buy	BANK AMER CORP	$2,182,586,000	+14.4%	128,010,916	+3.2%	3.58%	+11.6%
AIG	Buy	AMERICAN INTL GROUP INC	$1,988,922,000	+9.6%	36,818,255	+10.7%	3.26%	+6.9%
JPM	Buy	JPMORGAN CHASE & CO	$1,892,877,000	+10.4%	31,422,265	+5.6%	3.11%	+7.7%
WFC	Buy	WELLS FARGO & CO NEW	$1,885,025,000	+1.5%	36,341,337	+2.9%	3.09%	-1.0%
MA	Buy	MASTERCARD INCcl a	$1,817,307,000	+10.2%	24,584,781	+9.5%	2.98%	+7.5%
NOV	Sell	NATIONAL OILWELL VARCO INC	$1,693,821,000	-7.8%	22,257,828	-0.2%	2.78%	-10.1%
FDX	Sell	FEDEX CORP	$1,614,200,000	-4.3%	9,998,137	-10.3%	2.65%	-6.7%
BEN	Buy	FRANKLIN RES INC	$1,581,846,000	-3.7%	28,966,233	+2.0%	2.60%	-6.1%
TEL	Buy	TE CONNECTIVITY LTD	$1,535,519,000	-10.1%	27,772,103	+0.5%	2.52%	-12.3%
AMZN	Buy	AMAZON COM INC	$1,177,124,000	+25.1%	3,650,674	+26.0%	1.93%	+22.0%
C	Buy	CITIGROUP INC	$1,135,995,000	+18.2%	21,921,944	+7.5%	1.86%	+15.3%
UNP	Sell	UNION PAC CORP	$1,124,426,000	+8.7%	10,371,019	-0.0%	1.85%	+6.0%
AAPL	Sell	APPLE INC	$1,113,064,000	+8.1%	11,047,780	-0.3%	1.83%	+5.5%
V	Buy	VISA INC	$1,036,247,000	+6.0%	4,856,572	+4.7%	1.70%	+3.4%
GOOGL	Buy	GOOGLE INCcl a	$996,666,000	+31.5%	1,693,829	+30.7%	1.64%	+28.3%
AON	Buy	AON PLC	$950,518,000	+3.5%	10,841,998	+6.3%	1.56%	+0.9%
AMAT	Sell	APPLIED MATLS INC	$902,080,000	-6.4%	41,743,642	-2.3%	1.48%	-8.7%
DEO	Buy	DIAGEO P L Cspon adr new	$875,001,000	-1.2%	7,582,334	+9.0%	1.44%	-3.7%
UNH	Sell	UNITEDHEALTH GROUP INC	$864,854,000	+3.5%	10,027,284	-1.9%	1.42%	+1.0%
WSH	Sell	WILLIS GROUP HOLDINGS PUBLIC	$851,341,000	-4.4%	20,563,779	-0.0%	1.40%	-6.8%
COF	Buy	CAPITAL ONE FINL CORP	$842,594,000	+2.3%	10,323,370	+3.5%	1.38%	-0.3%
MDT	Buy	MEDTRONIC INC	$826,204,000	-0.9%	13,336,635	+2.0%	1.36%	-3.3%
APA	Buy	APACHE CORP	$806,574,000	+16.4%	8,592,464	+24.7%	1.32%	+13.5%
GS	Buy	GOLDMAN SACHS GROUP INC	$746,361,000	+60.8%	4,065,814	+46.6%	1.22%	+56.9%
ITW	Sell	ILLINOIS TOOL WKS INC	$632,579,000	-9.9%	7,493,235	-6.5%	1.04%	-12.1%
QRTEA	Sell	LIBERTY INTERACTIVE CORP	$591,798,000	-16.0%	20,750,297	-13.5%	0.97%	-18.1%
RL	Buy	RALPH LAUREN CORPcl a	$590,825,000	+7.2%	3,586,629	+4.6%	0.97%	+4.5%
DOV	Sell	DOVER CORP	$555,634,000	-12.4%	6,916,888	-0.9%	0.91%	-14.6%
AFL	Buy	AFLAC INC	$545,424,000	-2.2%	9,363,489	+4.5%	0.90%	-4.7%
PFG	Buy	PRINCIPAL FINL GROUP INC	$536,348,000	+4.7%	10,221,977	+0.8%	0.88%	+2.1%
BK	Buy	BANK NEW YORK MELLON CORP	$534,083,000	+4.4%	13,789,911	+1.0%	0.88%	+1.9%
BLK	Buy	BLACKROCK INC	$498,067,000	+6.0%	1,517,017	+3.2%	0.82%	+3.4%
CVS	Sell	CVS HEALTH CORP	$483,957,000	+5.5%	6,080,629	-0.1%	0.79%	+2.8%
PM	Sell	PHILIP MORRIS INTL INC	$483,505,000	-5.2%	5,797,427	-4.1%	0.79%	-7.5%
CBRE	Buy	CBRE GROUP INCcl a	$481,303,000	+0.1%	16,183,668	+7.8%	0.79%	-2.3%
AMTD	Sell	TD AMERITRADE HLDG CORP	$449,906,000	+5.7%	13,482,353	-0.7%	0.74%	+3.1%
FNF	New	FIDELITY NATIONAL FINANCIAL	$445,529,000	–	16,060,875	–	0.73%	–
UL	Buy	UNILEVER PLCspon adr new	$437,444,000	-5.6%	10,440,186	+2.1%	0.72%	-7.9%
FL	Sell	FOOT LOCKER INC	$431,214,000	+4.5%	7,748,675	-4.7%	0.71%	+2.0%
PH	Buy	PARKER HANNIFIN CORP	$424,770,000	-7.9%	3,721,157	+1.4%	0.70%	-10.2%
HD	Buy	HOME DEPOT INC	$402,798,000	+14.4%	4,390,648	+1.0%	0.66%	+11.7%
HOT	Sell	STARWOOD HOTELS&RESORTS WRLD	$383,182,000	+2.9%	4,604,991	-0.1%	0.63%	+0.3%
CMCSK	Buy	COMCAST CORP NEWcl a spl	$377,157,000	+0.9%	7,049,656	+0.6%	0.62%	-1.6%
QCOM	Buy	QUALCOMM INC	$364,954,000	+19.6%	4,881,012	+26.7%	0.60%	+16.8%
TXN	Buy	TEXAS INSTRS INC	$361,853,000	+0.1%	7,587,621	+0.3%	0.59%	-2.5%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$359,052,000	+14.9%	4,321,769	+9.6%	0.59%	+12.0%
OMC	Buy	OMNICOM GROUP INC	$358,746,000	+4.7%	5,209,790	+8.3%	0.59%	+2.1%
THC	Sell	TENET HEALTHCARE CORP	$353,355,000	+3.2%	5,949,727	-18.4%	0.58%	+0.7%
IPG	Buy	INTERPUBLIC GROUP COS INC	$344,432,000	+58.8%	18,800,865	+69.1%	0.56%	+54.8%
LEA	Sell	LEAR CORP	$342,440,000	-17.2%	3,962,973	-14.4%	0.56%	-19.3%
TRW	Sell	TRW AUTOMOTIVE HLDGS CORP	$338,608,000	-41.0%	3,344,279	-47.9%	0.56%	-42.4%
MON	Buy	MONSANTO CO NEW	$336,208,000	+12.0%	2,988,253	+24.2%	0.55%	+9.3%
GD	Sell	GENERAL DYNAMICS CORP	$333,962,000	-18.0%	2,627,762	-24.8%	0.55%	-20.0%
SNY	Buy	SANOFIsponsored adr	$330,649,000	+23.7%	5,859,450	+16.6%	0.54%	+20.7%
STT	Buy	STATE STR CORP	$331,057,000	+11.5%	4,497,450	+1.9%	0.54%	+8.6%
OCR	Sell	OMNICARE INC	$330,877,000	-9.2%	5,314,440	-2.9%	0.54%	-11.4%
MSFT	Buy	MICROSOFT CORP	$326,444,000	+12.9%	7,041,503	+1.5%	0.54%	+10.1%
WMT	Buy	WAL-MART STORES INC	$321,096,000	+22.4%	4,198,979	+20.2%	0.53%	+19.5%
BHI	Sell	BAKER HUGHES INC	$320,820,000	-30.5%	4,931,138	-20.5%	0.53%	-32.2%
BWA	Sell	BORGWARNER INC	$312,278,000	-24.0%	5,935,718	-5.8%	0.51%	-25.8%
GIS	Buy	GENERAL MLS INC	$298,961,000	+1.9%	5,925,900	+6.1%	0.49%	-0.6%
HNT	Sell	HEALTH NET INC	$299,313,000	+5.6%	6,491,267	-4.9%	0.49%	+2.9%
LH	Sell	LABORATORY CORP AMER HLDGS	$296,680,000	-8.4%	2,915,770	-7.8%	0.49%	-10.6%
KMX	Buy	CARMAX INC	$296,804,000	-5.4%	6,389,753	+5.9%	0.49%	-7.8%
KSS	Buy	KOHLS CORP	$294,799,000	+41.0%	4,830,390	+21.7%	0.48%	+37.5%
CPN	Buy	CALPINE CORP	$292,535,000	+3.3%	13,480,884	+13.4%	0.48%	+0.6%
TIF	Sell	TIFFANY & CO NEW	$288,707,000	-4.9%	2,997,688	-1.0%	0.47%	-7.2%
HAL	Buy	HALLIBURTON CO	$270,647,000	-7.9%	4,195,430	+1.4%	0.44%	-10.3%
FDO	Sell	FAMILY DLR STORES INC	$261,118,000	-36.9%	3,380,607	-45.9%	0.43%	-38.4%
MLCO	New	MELCO CROWN ENTMT LTDadr	$256,491,000	–	9,756,200	–	0.42%	–
SNI	Sell	SCRIPPS NETWORKS INTERACT IN	$253,052,000	-20.5%	3,240,521	-17.4%	0.42%	-22.6%
ROK	Sell	ROCKWELL AUTOMATION INC	$249,363,000	-20.9%	2,269,416	-9.9%	0.41%	-22.8%
LVS	New	LAS VEGAS SANDS CORP	$215,577,000	–	3,465,313	–	0.35%	–
HSNI	Buy	HSN INC	$214,816,000	+28.6%	3,500,349	+24.1%	0.35%	+25.6%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$206,989,000	-17.2%	4,972,109	-17.2%	0.34%	-19.2%
NWSA	Buy	NEWS CORP NEWcl a	$200,884,000	+180.6%	12,286,491	+207.9%	0.33%	+175.0%
USB	Sell	US BANCORP DEL	$199,386,000	-3.8%	4,766,583	-0.3%	0.33%	-6.3%
RGA	Buy	REINSURANCE GROUP AMER INC	$193,993,000	+32.8%	2,420,980	+30.7%	0.32%	+29.3%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$181,602,000	-3.2%	7,560,450	-0.5%	0.30%	-5.7%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$179,410,000	-28.3%	2,591,130	-30.6%	0.29%	-30.2%
ACN	New	ACCENTURE PLC IRELAND	$173,952,000	–	2,139,100	–	0.29%	–
TROW	New	PRICE T ROWE GROUP INC	$171,414,000	–	2,186,400	–	0.28%	–
UPLMQ	Buy	ULTRA PETROLEUM CORP	$159,056,000	-21.3%	6,838,166	+0.5%	0.26%	-23.2%
LRCX	Buy	LAM RESEARCH CORP	$130,681,000	+12.4%	1,749,403	+1.6%	0.21%	+9.2%
AAP	Buy	ADVANCE AUTO PARTS INC	$127,508,000	-1.1%	978,575	+2.4%	0.21%	-3.7%
CVE	Sell	CENOVUS ENERGY INC	$120,858,000	-26.4%	4,496,217	-11.3%	0.20%	-28.3%
BAX	Sell	BAXTER INTL INC	$119,311,000	-1.0%	1,662,410	-0.3%	0.20%	-3.4%
WHR	New	WHIRLPOOL CORP	$113,701,000	–	780,642	–	0.19%	–
ITRI	Buy	ITRON INC	$107,989,000	+0.7%	2,747,125	+3.9%	0.18%	-1.7%
KN	Sell	KNOWLES CORP	$91,252,000	-19.6%	3,443,463	-6.7%	0.15%	-21.5%
CRI	Buy	CARTER INC	$89,551,000	+47.6%	1,155,200	+31.2%	0.15%	+44.1%
BRKR	Buy	BRUKER CORP	$85,544,000	-17.8%	4,620,264	+7.8%	0.14%	-20.0%
CAT	Buy	CATERPILLAR INC DEL	$85,146,000	-4.9%	859,799	+4.3%	0.14%	-7.3%
HHC	Sell	HOWARD HUGHES CORP	$80,058,000	-9.3%	533,717	-4.6%	0.13%	-12.1%
XOM	Sell	EXXON MOBIL CORP	$78,175,000	-9.7%	831,205	-3.3%	0.13%	-12.3%
MLHR	Buy	MILLER HERMAN INC	$76,547,000	-1.0%	2,564,394	+0.3%	0.13%	-3.1%
GOOG	Sell	GOOGLE INCcl c	$75,234,000	-59.6%	130,308	-59.7%	0.12%	-60.7%
RDC	Sell	ROWAN COMPANIES PLC	$70,058,000	-52.6%	2,767,995	-40.2%	0.12%	-53.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$66,576,000	-2.0%	1,237,923	-2.2%	0.11%	-4.4%
F113PS	Sell	COVIDIEN PLC	$66,694,000	-28.2%	770,943	-25.1%	0.11%	-30.1%
HOG	Buy	HARLEY DAVIDSON INC	$65,845,000	-16.5%	1,131,354	+0.2%	0.11%	-18.8%
NKE	Buy	NIKE INCcl b	$57,133,000	+21.4%	640,503	+5.6%	0.09%	+19.0%
PENN	Sell	PENN NATL GAMING INC	$54,489,000	-8.1%	4,860,721	-0.5%	0.09%	-11.0%
VAR	Sell	VARIAN MED SYS INC	$53,906,000	-47.4%	672,821	-45.4%	0.09%	-48.8%
DDS	Buy	DILLARDS INCcl a	$53,842,000	-4.5%	494,055	+2.2%	0.09%	-7.4%
ORBK	Sell	ORBOTECH LTDord	$42,491,000	-18.6%	2,727,260	-20.7%	0.07%	-20.5%
AAWW	Sell	ATLAS AIR WORLDWIDE HLDGS IN	$38,647,000	-24.6%	1,170,400	-15.9%	0.06%	-26.7%
SNA	Sell	SNAP ON INC	$33,743,000	-14.3%	278,680	-16.1%	0.06%	-16.7%
A309PS	Sell	DIRECTV	$31,522,000	-1.6%	364,331	-3.3%	0.05%	-3.7%
FNFV	New	FIDELITY NATIONAL FINANCIAL	$31,181,000	–	2,266,076	–	0.05%	–
GLPI	Sell	GAMING & LEISURE PPTYS INC	$30,440,000	-36.1%	985,116	-29.8%	0.05%	-37.5%
CAB	New	CABELAS INC	$30,290,000	–	514,273	–	0.05%	–
3106PS	Sell	DELPHI AUTOMOTIVE PLC	$27,066,000	-86.5%	441,240	-84.9%	0.04%	-87.0%
MCD	Sell	MCDONALDS CORP	$24,165,000	-93.8%	254,878	-93.4%	0.04%	-93.9%
CMA	Sell	COMERICA INC	$22,719,000	-2.5%	455,647	-1.9%	0.04%	-5.1%
HNI	Sell	HNI CORP	$21,437,000	-8.5%	595,631	-0.6%	0.04%	-10.3%
ALV	Sell	AUTOLIV INC	$20,144,000	-49.0%	219,150	-40.8%	0.03%	-50.0%
TMK	Buy	TORCHMARK CORP	$17,779,000	-4.8%	339,487	+48.9%	0.03%	-6.5%
MTW	Sell	MANITOWOC INC	$11,277,000	-56.2%	480,875	-38.6%	0.02%	-55.8%
DIS	Sell	DISNEY WALT CO	$10,041,000	-31.9%	112,787	-34.4%	0.02%	-36.0%
DNOW	Sell	NOW INC	$6,761,000	-82.1%	222,324	-78.7%	0.01%	-82.8%
DISCK	Buy	DISCOVERY COMMUNICATNS NEW	$4,515,000	+6.8%	121,100	+107.9%	0.01%	0.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$3,779,000	+10.3%	27,359	+1.1%	0.01%	0.0%
DKS	Buy	DICKS SPORTING GOODS INC	$2,689,000	-4.5%	61,275	+1.3%	0.00%	-20.0%
CMI	Sell	CUMMINS INC	$2,710,000	-34.5%	20,533	-23.5%	0.00%	-42.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$2,393,000	+2.6%	12,605	-2.1%	0.00%	0.0%
MMM	Sell	3M CO	$2,104,000	-26.4%	14,850	-25.6%	0.00%	-40.0%
WCC	Buy	WESCO INTL INC	$1,475,000	+50.5%	18,850	+66.1%	0.00%	0.0%
MBFI	Buy	MB FINANCIAL INC NEW	$503,000	+90.5%	18,169	+86.0%	0.00%	–
CVX	Sell	CHEVRON CORP NEW	$366,000	-14.3%	3,068	-6.1%	0.00%	0.0%
UAMY	New	UNITED STATES ANTIMONY CORP	$197,000	–	155,000	–	0.00%	–
MRGE	New	MERGE HEALTHCARE INC	$154,000	–	70,000	–	0.00%	–
BP	Exit	BP PLCsponsored adr	$0	–	-4,124	–	0.00%	–
	Exit	LIVE NATION ENTERTAINMENT INnote 2.875% 7/1	$0	–	-828,000	–	-0.00%	–
CELG	Exit	CELGENE CORP	$0	–	-10,516	–	-0.00%	–
LEG	Exit	LEGGETT & PLATT INC	$0	–	-67,400	–	-0.00%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALcl a	$0	–	-82,000	–	-0.01%	–
DRC	Exit	DRESSER-RAND GROUP INC	$0	–	-57,663	–	-0.01%	–
GEF	Exit	GREIF INCcl a	$0	–	-78,850	–	-0.01%	–
FRX	Exit	FOREST LABS INC	$0	–	-64,400	–	-0.01%	–
MCRS	Exit	MICROS SYS INC	$0	–	-227,976	–	-0.03%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-133,200	–	-0.03%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-530,900	–	-0.07%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-1,039,353	–	-0.11%	–

Q2 2014

			Value		Shares		↓ Weighting
ORCL	New	ORACLE CORP	$2,854,208,000	–	70,422,128	–	4.80%	–
GM	New	GENERAL MTRS CO	$2,581,379,000	–	71,112,384	–	4.34%	–
INTC	New	INTEL CORP	$2,087,504,000	–	67,556,765	–	3.51%	–
BAC	New	BANK OF AMERICA CORPORATION	$1,907,092,000	–	124,078,916	–	3.21%	–
WFC	New	WELLS FARGO & CO NEW	$1,856,635,000	–	35,324,112	–	3.12%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,836,742,000	–	22,304,091	–	3.09%	–
AIG	New	AMERICAN INTL GROUP INC	$1,814,843,000	–	33,251,066	–	3.05%	–
JPM	New	JPMORGAN CHASE & CO	$1,714,639,000	–	29,757,720	–	2.89%	–
TEL	New	TE CONNECTIVITY LTD	$1,708,144,000	–	27,622,003	–	2.88%	–
FDX	New	FEDEX CORP	$1,686,637,000	–	11,141,743	–	2.84%	–
MA	New	MASTERCARD INCcl a	$1,649,386,000	–	22,449,780	–	2.78%	–
BEN	New	FRANKLIN RES INC	$1,642,447,000	–	28,396,387	–	2.76%	–
UNP	New	UNION PAC CORP	$1,034,900,000	–	10,374,934	–	1.74%	–
AAPL	New	APPLE INC	$1,029,260,000	–	11,075,648	–	1.73%	–
V	New	VISA INC	$977,438,000	–	4,638,783	–	1.64%	–
AMAT	New	APPLIED MATLS INC	$963,918,000	–	42,745,798	–	1.62%	–
C	New	CITIGROUP INC	$960,826,000	–	20,399,703	–	1.62%	–
AMZN	New	AMAZON COM INC	$941,062,000	–	2,897,536	–	1.58%	–
AON	New	AON PLC	$918,453,000	–	10,194,836	–	1.55%	–
WSH	New	WILLIS GROUP HOLDINGS PUBLIC	$890,645,000	–	20,569,179	–	1.50%	–
DEO	New	DIAGEO P L Cspon adr new	$885,657,000	–	6,958,884	–	1.49%	–
UNH	New	UNITEDHEALTH GROUP INC	$835,630,000	–	10,221,774	–	1.41%	–
MDT	New	MEDTRONIC INC	$833,803,000	–	13,077,218	–	1.40%	–
COF	New	CAPITAL ONE FINL CORP	$823,936,000	–	9,975,007	–	1.39%	–
GOOGL	New	GOOGLE INCcl a	$757,876,000	–	1,296,245	–	1.28%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$704,238,000	–	23,986,322	–	1.18%	–
ITW	New	ILLINOIS TOOL WKS INC	$701,987,000	–	8,017,222	–	1.18%	–
APA	New	APACHE CORP	$693,169,000	–	6,888,984	–	1.17%	–
DOV	New	DOVER CORP	$634,637,000	–	6,977,867	–	1.07%	–
TRW	New	TRW AUTOMOTIVE HLDGS CORP	$574,212,000	–	6,414,343	–	0.97%	–
AFL	New	AFLAC INC	$557,960,000	–	8,963,209	–	0.94%	–
RL	New	RALPH LAUREN CORPcl a	$551,195,000	–	3,430,180	–	0.93%	–
PFG	New	PRINCIPAL FINL GROUP INC	$512,069,000	–	10,144,011	–	0.86%	–
BK	New	BANK NEW YORK MELLON CORP	$511,794,000	–	13,655,111	–	0.86%	–
PM	New	PHILIP MORRIS INTL INC	$509,892,000	–	6,047,827	–	0.86%	–
CBRE	New	CBRE GROUP INCcl a	$480,961,000	–	15,011,282	–	0.81%	–
BLK	New	BLACKROCK INC	$469,721,000	–	1,469,715	–	0.79%	–
GS	New	GOLDMAN SACHS GROUP INC	$464,276,000	–	2,772,785	–	0.78%	–
UL	New	UNILEVER PLCspon adr new	$463,262,000	–	10,224,283	–	0.78%	–
BHI	New	BAKER HUGHES INC	$461,755,000	–	6,202,215	–	0.78%	–
PH	New	PARKER HANNIFIN CORP	$461,352,000	–	3,669,387	–	0.78%	–
CVS	New	CVS CAREMARK CORPORATION	$458,713,000	–	6,086,149	–	0.77%	–
AMTD	New	TD AMERITRADE HLDG CORP	$425,513,000	–	13,572,985	–	0.72%	–
LEA	New	LEAR CORP	$413,565,000	–	4,630,154	–	0.70%	–
FDO	New	FAMILY DLR STORES INC	$413,659,000	–	6,254,295	–	0.70%	–
FL	New	FOOT LOCKER INC	$412,452,000	–	8,131,936	–	0.69%	–
BWA	New	BORGWARNER INC	$410,861,000	–	6,302,518	–	0.69%	–
GD	New	GENERAL DYNAMICS CORP	$407,133,000	–	3,493,202	–	0.68%	–
MCD	New	MCDONALDS CORP	$391,888,000	–	3,890,086	–	0.66%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$373,730,000	–	7,007,879	–	0.63%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$372,526,000	–	4,609,329	–	0.63%	–
OCR	New	OMNICARE INC	$364,257,000	–	5,471,790	–	0.61%	–
TXN	New	TEXAS INSTRS INC	$361,627,000	–	7,567,005	–	0.61%	–
HD	New	HOME DEPOT INC	$351,998,000	–	4,347,808	–	0.59%	–
OMC	New	OMNICOM GROUP INC	$342,747,000	–	4,812,513	–	0.58%	–
THC	New	TENET HEALTHCARE CORP	$342,415,000	–	7,294,742	–	0.58%	–
LH	New	LABORATORY CORP AMER HLDGS	$323,810,000	–	3,162,206	–	0.54%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$318,233,000	–	3,922,021	–	0.54%	–
ROK	New	ROCKWELL AUTOMATION INC	$315,092,000	–	2,517,516	–	0.53%	–
KMX	New	CARMAX INC	$313,751,000	–	6,032,514	–	0.53%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$312,623,000	–	3,943,269	–	0.53%	–
QCOM	New	QUALCOMM INC	$305,083,000	–	3,852,059	–	0.51%	–
TIF	New	TIFFANY & CO NEW	$303,605,000	–	3,028,476	–	0.51%	–
MON	New	MONSANTO CO NEW	$300,210,000	–	2,406,686	–	0.50%	–
STT	New	STATE STR CORP	$296,855,000	–	4,413,550	–	0.50%	–
HAL	New	HALLIBURTON CO	$293,849,000	–	4,138,130	–	0.50%	–
GIS	New	GENERAL MLS INC	$293,426,000	–	5,584,800	–	0.49%	–
MSFT	New	MICROSOFT CORP	$289,235,000	–	6,936,083	–	0.49%	–
HNT	New	HEALTH NET INC	$283,488,000	–	6,824,467	–	0.48%	–
CPN	New	CALPINE CORP	$283,163,000	–	11,892,604	–	0.48%	–
SNY	New	SANOFIsponsored adr	$267,219,000	–	5,025,750	–	0.45%	–
WMT	New	WAL-MART STORES INC	$262,231,000	–	3,493,162	–	0.44%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$250,343,000	–	3,734,800	–	0.42%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$249,957,000	–	6,002,809	–	0.42%	–
IPG	New	INTERPUBLIC GROUP COS INC	$216,903,000	–	11,117,500	–	0.36%	–
KSS	New	KOHLS CORP	$209,147,000	–	3,970,149	–	0.35%	–
USB	New	US BANCORP DEL	$207,177,000	–	4,782,483	–	0.35%	–
UPLMQ	New	ULTRA PETROLEUM CORP	$202,031,000	–	6,804,666	–	0.34%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$200,748,000	–	2,920,401	–	0.34%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$187,512,000	–	7,594,650	–	0.32%	–
GOOG	New	GOOGLE INCcl c	$186,186,000	–	323,644	–	0.31%	–
HSNI	New	HSN INC	$167,066,000	–	2,820,149	–	0.28%	–
CVE	New	CENOVUS ENERGY INC	$164,122,000	–	5,070,184	–	0.28%	–
RDC	New	ROWAN COMPANIES PLC	$147,694,000	–	4,625,554	–	0.25%	–
RGA	New	REINSURANCE GROUP AMER INC	$146,107,000	–	1,851,800	–	0.25%	–
AAP	New	ADVANCE AUTO PARTS INC	$128,966,000	–	955,871	–	0.22%	–
BAX	New	BAXTER INTL INC	$120,525,000	–	1,667,010	–	0.20%	–
LRCX	New	LAM RESEARCH CORP	$116,306,000	–	1,721,007	–	0.20%	–
KN	New	KNOWLES CORP	$113,506,000	–	3,692,451	–	0.19%	–
ITRI	New	ITRON INC	$107,219,000	–	2,644,125	–	0.18%	–
BRKR	New	BRUKER CORP	$104,005,000	–	4,285,339	–	0.18%	–
VAR	New	VARIAN MED SYS INC	$102,495,000	–	1,232,801	–	0.17%	–
F113PS	New	COVIDIEN PLC	$92,866,000	–	1,029,790	–	0.16%	–
CAT	New	CATERPILLAR INC DEL	$89,563,000	–	824,174	–	0.15%	–
HHC	New	HOWARD HUGHES CORP	$88,286,000	–	559,377	–	0.15%	–
XOM	New	EXXON MOBIL CORP	$86,560,000	–	859,751	–	0.15%	–
HOG	New	HARLEY DAVIDSON INC	$78,900,000	–	1,129,554	–	0.13%	–
MLHR	New	MILLER HERMAN INC	$77,323,000	–	2,556,974	–	0.13%	–
NWSA	New	NEWS CORP NEWcl a	$71,591,000	–	3,990,591	–	0.12%	–
CMCSA	New	COMCAST CORP NEWcl a	$67,965,000	–	1,266,108	–	0.11%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$66,622,000	–	1,039,353	–	0.11%	–
CRI	New	CARTER INC	$60,679,000	–	880,300	–	0.10%	–
PENN	New	PENN NATL GAMING INC	$59,300,000	–	4,884,725	–	0.10%	–
DDS	New	DILLARDS INCcl a	$56,350,000	–	483,230	–	0.10%	–
ORBK	New	ORBOTECH LTDord	$52,213,000	–	3,439,598	–	0.09%	–
AAWW	New	ATLAS AIR WORLDWIDE HLDGS IN	$51,254,000	–	1,390,880	–	0.09%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$47,669,000	–	1,403,275	–	0.08%	–
NKE	New	NIKE INCcl b	$47,046,000	–	606,662	–	0.08%	–
DVN	New	DEVON ENERGY CORP NEW	$42,154,000	–	530,900	–	0.07%	–
SNA	New	SNAP ON INC	$39,355,000	–	332,055	–	0.07%	–
ALV	New	AUTOLIV INC	$39,467,000	–	370,300	–	0.07%	–
DNOW	New	NOW INC	$37,855,000	–	1,045,441	–	0.06%	–
BLT	New	BLOUNT INTL INC NEW	$32,658,000	–	2,314,523	–	0.06%	–
A309PS	New	DIRECTV	$32,033,000	–	376,814	–	0.05%	–
MTW	New	MANITOWOC INC	$25,723,000	–	782,805	–	0.04%	–
HNI	New	HNI CORP	$23,424,000	–	598,931	–	0.04%	–
CMA	New	COMERICA INC	$23,298,000	–	464,480	–	0.04%	–
XEC	New	CIMAREX ENERGY CO	$19,109,000	–	133,200	–	0.03%	–
TMK	New	TORCHMARK CORP	$18,680,000	–	228,025	–	0.03%	–
MCRS	New	MICROS SYS INC	$15,480,000	–	227,976	–	0.03%	–
DIS	New	DISNEY WALT CO	$14,746,000	–	171,987	–	0.02%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$8,546,000	–	45	–	0.01%	–
FRX	New	FOREST LABS INC	$6,376,000	–	64,400	–	0.01%	–
GEF	New	GREIF INCcl a	$4,302,000	–	78,850	–	0.01%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$4,228,000	–	58,251	–	0.01%	–
CMI	New	CUMMINS INC	$4,140,000	–	26,833	–	0.01%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$3,425,000	–	27,059	–	0.01%	–
DRC	New	DRESSER-RAND GROUP INC	$3,675,000	–	57,663	–	0.01%	–
MMM	New	3M CO	$2,858,000	–	19,950	–	0.01%	–
FNF	New	FIDELITY NATIONAL FINANCIALcl a	$2,686,000	–	82,000	–	0.01%	–
DKS	New	DICKS SPORTING GOODS INC	$2,816,000	–	60,475	–	0.01%	–
LEG	New	LEGGETT & PLATT INC	$2,310,000	–	67,400	–	0.00%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$2,333,000	–	12,872	–	0.00%	–
ABBV	New	ABBVIE INC	$2,396,000	–	42,457	–	0.00%	–
JNJ	New	JOHNSON & JOHNSON	$1,956,000	–	18,698	–	0.00%	–
KO	New	COCA COLA CO	$2,048,000	–	48,340	–	0.00%	–
GE	New	GENERAL ELECTRIC CO	$1,987,000	–	75,627	–	0.00%	–
ABT	New	ABBOTT LABS	$1,736,000	–	42,444	–	0.00%	–
SBUX	New	STARBUCKS CORP	$1,594,000	–	20,600	–	0.00%	–
CSWC	New	CAPITAL SOUTHWEST CORP	$1,654,000	–	45,928	–	0.00%	–
WAG	New	WALGREEN CO	$1,616,000	–	21,800	–	0.00%	–
MRK	New	MERCK & CO INC NEW	$1,127,000	–	19,480	–	0.00%	–
WCC	New	WESCO INTL INC	$980,000	–	11,350	–	0.00%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,380,000	–	11,698	–	0.00%	–
PFE	New	PFIZER INC	$1,223,000	–	41,217	–	0.00%	–
HUBB	New	HUBBELL INCcl b	$1,468,000	–	11,920	–	0.00%	–
CELG	New	CELGENE CORP	$903,000	–	10,516	–	0.00%	–
COP	New	CONOCOPHILLIPS	$986,000	–	11,500	–	0.00%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$470,000	–	14,200	–	0.00%	–
MHFI	New	MCGRAW HILL FINL INC	$664,000	–	8,000	–	0.00%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$411,000	–	5,924	–	0.00%	–
HON	New	HONEYWELL INTL INC	$332,000	–	3,569	–	0.00%	–
DD	New	DU PONT E I DE NEMOURS & CO	$651,000	–	9,950	–	0.00%	–
K	New	KELLOGG CO	$420,000	–	6,400	–	0.00%	–
PEP	New	PEPSICO INC	$688,000	–	7,702	–	0.00%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$427,000	–	5,749	–	0.00%	–
PSX	New	PHILLIPS 66	$426,000	–	5,300	–	0.00%	–
PCL	New	PLUM CREEK TIMBER CO INC	$307,000	–	6,800	–	0.00%	–
PG	New	PROCTER & GAMBLE CO	$449,000	–	5,709	–	0.00%	–
	New	LIVE NATION ENTERTAINMENT INnote 2.875% 7/1	$826,000	–	828,000	–	0.00%	–
DHR	New	DANAHER CORP DEL	$496,000	–	6,300	–	0.00%	–
SLB	New	SCHLUMBERGER LTD	$330,000	–	2,800	–	0.00%	–
CVX	New	CHEVRON CORP NEW	$427,000	–	3,268	–	0.00%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$329,000	–	7,000	–	0.00%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$757,000	–	15,600	–	0.00%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$399,000	–	9,050	–	0.00%	–
AMGN	New	AMGEN INC	$359,000	–	3,037	–	0.00%	–
MO	New	ALTRIA GROUP INC	$360,000	–	8,582	–	0.00%	–
ALL	New	ALLSTATE CORP	$411,000	–	6,991	–	0.00%	–
CNI	New	CANADIAN NATL RY CO	$293,000	–	4,500	–	0.00%	–
AET	New	AETNA INC NEW	$237,000	–	2,920	–	0.00%	–
RPM	New	RPM INTL INC	$203,000	–	4,393	–	0.00%	–
MBFI	New	MB FINANCIAL INC NEW	$264,000	–	9,769	–	0.00%	–
NTRS	New	NORTHERN TR CORP	$279,000	–	4,350	–	0.00%	–
BP	New	BP PLCsponsored adr	$218,000	–	4,124	–	0.00%	–
LLY	New	LILLY ELI & CO	$230,000	–	3,700	–	0.00%	–
UN	New	UNILEVER N V	$283,000	–	6,460	–	0.00%	–
CYS	New	CYS INVTS INC	$238,000	–	26,380	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
GWW	Exit	GRAINGER W W INC	$0	–	-800	–	0.00%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-3,222	–	0.00%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-2,845	–	0.00%	–
NRT	Exit	NORTH EUROPEAN OIL RTY TRsh ben int	$0	–	-10,200	–	0.00%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-2,250	–	0.00%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-4,350	–	0.00%	–
RRC	Exit	RANGE RES CORP	$0	–	-3,000	–	0.00%	–
PSX	Exit	PHILLIPS 66	$0	–	-5,300	–	-0.00%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,330	–	-0.00%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-9,950	–	-0.00%	–
CYS	Exit	CYS INVTS INC	$0	–	-57,142	–	-0.00%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,582	–	-0.00%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-9,050	–	-0.00%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-9,500	–	-0.00%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,268	–	-0.00%	–
K	Exit	KELLOGG CO	$0	–	-6,400	–	-0.00%	–
AMGN	Exit	AMGEN INC	$0	–	-3,236	–	-0.00%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-3,753	–	-0.00%	–
PEP	Exit	PEPSICO INC	$0	–	-6,302	–	-0.00%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-7,100	–	-0.00%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-5,800	–	-0.00%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-6,300	–	-0.00%	–
UN	Exit	UNILEVER N V	$0	–	-6,989	–	-0.00%	–
MBFI	Exit	MB FINANCIAL INC NEW	$0	–	-9,769	–	-0.00%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-9,209	–	-0.00%	–
MHFI	Exit	MCGRAW HILL FINL INC	$0	–	-8,000	–	-0.00%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-6,800	–	-0.00%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-5,995	–	-0.00%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-6,500	–	-0.00%	–
PFE	Exit	PFIZER INC	$0	–	-42,217	–	-0.00%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-11,500	–	-0.00%	–
WAG	Exit	WALGREEN CO	$0	–	-20,300	–	-0.00%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-11,698	–	-0.00%	–
	Exit	LIVE NATION ENTERTAINMENT INnote 2.875% 7/1	$0	–	-828,000	–	-0.00%	–
HUBB	Exit	HUBBELL INCcl b	$0	–	-11,920	–	-0.00%	–
CELG	Exit	CELGENE CORP	$0	–	-5,258	–	-0.00%	–
WMS	Exit	WMS INDS INC	$0	–	-40,200	–	-0.00%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-21,600	–	-0.00%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-18,698	–	-0.00%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-30,024	–	-0.00%	–
KO	Exit	COCA COLA CO	$0	–	-47,140	–	-0.00%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-19,050	–	-0.00%	–
ABT	Exit	ABBOTT LABS	$0	–	-44,178	–	-0.00%	–
UTIW	Exit	UTI WORLDWIDE INCord	$0	–	-89,350	–	-0.00%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-41,700	–	-0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-77,953	–	-0.00%	–
CSWC	Exit	CAPITAL SOUTHWEST CORP	$0	–	-56,928	–	-0.00%	–
ABBV	Exit	ABBVIE INC	$0	–	-46,056	–	-0.00%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-23,218	–	-0.01%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-13,876	–	-0.01%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-47,944	–	-0.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-54	–	-0.02%	–
MCRS	Exit	MICROS SYS INC	$0	–	-263,050	–	-0.03%	–
MTW	Exit	MANITOWOC INC	$0	–	-698,000	–	-0.03%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-215,750	–	-0.03%	–
CNO	Exit	CNO FINL GROUP INC	$0	–	-990,000	–	-0.03%	–
BA	Exit	BOEING CO	$0	–	-138,875	–	-0.03%	–
CR	Exit	CRANE CO	$0	–	-274,990	–	-0.03%	–
DIS	Exit	DISNEY WALT CO	$0	–	-271,222	–	-0.03%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-506,450	–	-0.04%	–
TMK	Exit	TORCHMARK CORP	$0	–	-262,125	–	-0.04%	–
CMA	Exit	COMERICA INC	$0	–	-477,150	–	-0.04%	–
HNI	Exit	HNI CORP	$0	–	-540,775	–	-0.04%	–
GEF	Exit	GREIF INCcl a	$0	–	-535,550	–	-0.05%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-351,381	–	-0.05%	–
BLT	Exit	BLOUNT INTL INC NEW	$0	–	-2,303,023	–	-0.05%	–
FNP	Exit	FIFTH & PAC COS INC	$0	–	-1,228,000	–	-0.06%	–
ITRI	Exit	ITRON INC	$0	–	-787,442	–	-0.07%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-1,760,400	–	-0.07%	–
NKE	Exit	NIKE INCcl b	$0	–	-663,216	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-1,361,655	–	-0.12%	–
LEG	Exit	LEGGETT & PLATT INC	$0	–	-2,251,194	–	-0.13%	–
ARRS	Exit	ARRIS GROUP INC NEW	$0	–	-3,977,793	–	-0.13%	–
ORBK	Exit	ORBOTECH LTDord	$0	–	-5,767,998	–	-0.14%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HLDGS IN	$0	–	-1,532,950	–	-0.14%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-1,114,434	–	-0.14%	–
MLHR	Exit	MILLER HERMAN INC	$0	–	-2,683,248	–	-0.15%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-1,686,269	–	-0.16%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-1,011,208	–	-0.16%	–
SPLS	Exit	STAPLES INC	$0	–	-6,019,658	–	-0.17%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-1,862,110	–	-0.19%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-855,665	–	-0.19%	–
BAX	Exit	BAXTER INTL INC	$0	–	-1,551,350	–	-0.20%	–
UPLMQ	Exit	ULTRA PETROLEUM CORP	$0	–	-4,975,600	–	-0.20%	–
BRKR	Exit	BRUKER CORP	$0	–	-5,030,640	–	-0.20%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-1,669,350	–	-0.24%	–
HSNI	Exit	HSN INC	$0	–	-2,254,046	–	-0.24%	–
SIG	Exit	SIGNET JEWELERS LIMITED	$0	–	-1,792,247	–	-0.25%	–
KSS	Exit	KOHLS CORP	$0	–	-2,529,370	–	-0.26%	–
KMT	Exit	KENNAMETAL INC	$0	–	-2,901,935	–	-0.26%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-5,038,004	–	-0.27%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,111,925	–	-0.28%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-3,477,815	–	-0.28%	–
CRI	Exit	CARTER INC	$0	–	-1,948,202	–	-0.29%	–
CXO	Exit	CONCHO RES INC	$0	–	-1,409,200	–	-0.30%	–
CPN	Exit	CALPINE CORP	$0	–	-7,997,104	–	-0.30%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-2,128,519	–	-0.31%	–
AON	Exit	AON PLC	$0	–	-2,110,240	–	-0.31%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-5,353,019	–	-0.32%	–
KMX	Exit	CARMAX INC	$0	–	-3,462,114	–	-0.33%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-9,239,750	–	-0.33%	–
DRC	Exit	DRESSER-RAND GROUP INC	$0	–	-2,769,934	–	-0.34%	–
AAPL	Exit	APPLE INC	$0	–	-386,189	–	-0.36%	–
TGI	Exit	TRIUMPH GROUP INC NEW	$0	–	-2,624,156	–	-0.36%	–
STT	Exit	STATE STR CORP	$0	–	-2,837,950	–	-0.36%	–
HAL	Exit	HALLIBURTON CO	$0	–	-3,954,400	–	-0.37%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,517,553	–	-0.37%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-222,693	–	-0.38%	–
HNT	Exit	HEALTH NET INC	$0	–	-6,198,500	–	-0.38%	–
MMM	Exit	3M CO	$0	–	-1,667,671	–	-0.39%	–
SNA	Exit	SNAP ON INC	$0	–	-2,153,795	–	-0.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,558,622	–	-0.42%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-6,940,860	–	-0.43%	–
APA	Exit	APACHE CORP	$0	–	-2,602,100	–	-0.43%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-3,676,481	–	-0.44%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-3,201,901	–	-0.47%	–
ALV	Exit	AUTOLIV INC	$0	–	-2,839,695	–	-0.48%	–
HSP	Exit	HOSPIRA INC	$0	–	-6,488,075	–	-0.50%	–
USB	Exit	US BANCORP DEL	$0	–	-7,208,810	–	-0.51%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-4,269,300	–	-0.51%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-4,918,058	–	-0.53%	–
FL	Exit	FOOT LOCKER INC	$0	–	-8,118,036	–	-0.54%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,023,842	–	-0.54%	–
UNP	Exit	UNION PAC CORP	$0	–	-1,788,237	–	-0.54%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-4,391,380	–	-0.54%	–
ECA	Exit	ENCANA CORP	$0	–	-16,182,847	–	-0.55%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,062,110	–	-0.57%	–
CMI	Exit	CUMMINS INC	$0	–	-2,257,829	–	-0.58%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-5,513,713	–	-0.61%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-7,769,947	–	-0.62%	–
LEA	Exit	LEAR CORP	$0	–	-4,639,654	–	-0.65%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-8,613,159	–	-0.65%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-2,123,143	–	-0.65%	–
BWA	Exit	BORGWARNER INC	$0	–	-3,354,699	–	-0.66%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-13,565,510	–	-0.69%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,236,198	–	-0.71%	–
OCR	Exit	OMNICARE INC	$0	–	-7,152,990	–	-0.77%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-4,173,297	–	-0.78%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-5,292,656	–	-0.79%	–
AFL	Exit	AFLAC INC	$0	–	-6,662,735	–	-0.80%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-9,681,900	–	-0.81%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-7,534,067	–	-0.83%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-10,029,999	–	-0.85%	–
TRW	Exit	TRW AUTOMOTIVE HLDGS CORP	$0	–	-6,308,127	–	-0.88%	–
FRX	Exit	FOREST LABS INC	$0	–	-10,606,175	–	-0.88%	–
FDO	Exit	FAMILY DLR STORES INC	$0	–	-6,309,436	–	-0.88%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-6,011,033	–	-0.91%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-15,890,753	–	-0.92%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-3,893,117	–	-0.96%	–
A309PS	Exit	DIRECTV	$0	–	-8,514,233	–	-0.99%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-5,204,185	–	-1.00%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-10,586,114	–	-1.01%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-6,037,127	–	-1.02%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-22,326,403	–	-1.02%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-8,038,155	–	-1.04%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-5,142,297	–	-1.09%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-7,097,726	–	-1.21%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-16,215,822	–	-1.27%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-6,229,924	–	-1.30%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-9,809,264	–	-1.31%	–
MDT	Exit	MEDTRONIC INC	$0	–	-12,775,210	–	-1.32%	–
WSH	Exit	WILLIS GROUP HOLDINGS PUBLIC	$0	–	-17,100,719	–	-1.44%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-12,880,772	–	-1.45%	–
DOV	Exit	DOVER CORP	$0	–	-8,288,415	–	-1.45%	–
V	Exit	VISA INC	$0	–	-3,949,304	–	-1.47%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-13,536,354	–	-1.54%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-12,584,025	–	-1.75%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-20,695,949	–	-2.04%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-93,241,766	–	-2.50%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-73,922,685	–	-2.52%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-31,497,828	–	-2.53%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-17,513,022	–	-2.60%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-26,584,365	–	-2.68%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-26,941,090	–	-2.71%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-29,592,462	–	-2.80%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-2,150,217	–	-2.82%	–
FDX	Exit	FEDEX CORP	$0	–	-13,728,361	–	-3.05%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-20,697,708	–	-3.15%	–
INTC	Exit	INTEL CORP	$0	–	-71,798,708	–	-3.20%	–
GM	Exit	GENERAL MTRS CO	$0	–	-57,120,766	–	-4.00%	–
ORCL	Exit	ORACLE CORP	$0	–	-65,231,090	–	-4.21%	–

Q3 2013

			Value		Shares		↓ Weighting
ORCL	Buy	ORACLE CORP	$2,163,715,000	+40.0%	65,231,090	+29.6%	4.21%	+29.8%
GM	Buy	GENERAL MTRS CO	$2,054,634,000	+18.8%	57,120,766	+10.0%	4.00%	+10.2%
INTC	Buy	INTEL CORP	$1,645,626,000	+0.8%	71,798,708	+6.6%	3.20%	-6.5%
NOV	Buy	NATIONAL OILWELL VARCO INC	$1,616,698,000	+35.5%	20,697,708	+19.5%	3.15%	+25.7%
FDX	Buy	FEDEX CORP	$1,566,544,000	+19.4%	13,728,361	+3.2%	3.05%	+10.8%
MA	Sell	MASTERCARD INCcl a	$1,446,623,000	+9.7%	2,150,217	-6.3%	2.82%	+1.7%
AIG	Buy	AMERICAN INTL GROUP INC	$1,439,081,000	+21.6%	29,592,462	+11.8%	2.80%	+12.8%
JPM	Buy	JPMORGAN CHASE & CO	$1,392,585,000	+3.3%	26,941,090	+5.5%	2.71%	-4.2%
TEL	Buy	TE CONNECTIVITY LTD	$1,376,539,000	+14.9%	26,584,365	+1.0%	2.68%	+6.6%
ITW	Buy	ILLINOIS TOOL WKS INC	$1,335,718,000	+14.9%	17,513,022	+4.2%	2.60%	+6.6%
WFC	Buy	WELLS FARGO & CO NEW	$1,301,490,000	+6.1%	31,497,828	+6.0%	2.53%	-1.6%
AMAT	Buy	APPLIED MATLS INC	$1,296,604,000	+21.5%	73,922,685	+3.3%	2.52%	+12.7%
BAC	Buy	BANK OF AMERICA CORPORATION	$1,286,737,000	+30.1%	93,241,766	+21.3%	2.50%	+20.7%
BEN	Buy	FRANKLIN RES INC	$1,046,181,000	+46.4%	20,695,949	+294.1%	2.04%	+35.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$901,142,000	+9.3%	12,584,025	-0.1%	1.75%	+1.4%
3106PS	Sell	DELPHI AUTOMOTIVE PLC	$790,793,000	+14.3%	13,536,354	-0.9%	1.54%	+5.9%
V	Buy	VISA INC	$754,712,000	+16.2%	3,949,304	+11.1%	1.47%	+7.8%
DOV	Sell	DOVER CORP	$744,548,000	+12.1%	8,288,415	-3.1%	1.45%	+3.9%
DVN	Sell	DEVON ENERGY CORP NEW	$743,993,000	-14.5%	12,880,772	-23.2%	1.45%	-20.7%
WSH	Buy	WILLIS GROUP HOLDINGS PUBLIC	$740,974,000	+28.4%	17,100,719	+20.8%	1.44%	+19.1%
MDT	Buy	MEDTRONIC INC	$680,280,000	+4.5%	12,775,210	+1.0%	1.32%	-3.1%
COF	Buy	CAPITAL ONE FINL CORP	$674,289,000	+10.3%	9,809,264	+0.7%	1.31%	+2.3%
ROK	Sell	ROCKWELL AUTOMATION INC	$666,228,000	+25.2%	6,229,924	-2.6%	1.30%	+16.1%
TXN	Sell	TEXAS INSTRS INC	$653,011,000	-5.6%	16,215,822	-18.3%	1.27%	-12.5%
GD	Sell	GENERAL DYNAMICS CORP	$621,193,000	+5.8%	7,097,726	-5.3%	1.21%	-1.9%
PH	Sell	PARKER HANNIFIN CORP	$559,070,000	-4.9%	5,142,297	-16.5%	1.09%	-11.8%
HOT	Buy	STARWOOD HOTELS&RESORTS WRLD	$534,136,000	+13.0%	8,038,155	+7.4%	1.04%	+4.8%
QRTEA	Buy	LIBERTY INTERACTIVE CORP	$524,001,000	+3.7%	22,326,403	+1.7%	1.02%	-3.9%
PM	Sell	PHILIP MORRIS INTL INC	$522,755,000	-0.1%	6,037,127	-0.1%	1.02%	-7.3%
BHI	Buy	BAKER HUGHES INC	$519,778,000	+6.5%	10,586,114	+0.1%	1.01%	-1.2%
LH	Sell	LABORATORY CORP AMER HLDGS	$515,943,000	-2.5%	5,204,185	-1.6%	1.00%	-9.6%
A309PS	Buy	DIRECTV	$508,725,000	+10.7%	8,514,233	+14.2%	0.99%	+2.7%
DEO	Sell	DIAGEO P L Cspon adr new	$494,737,000	+9.4%	3,893,117	-1.1%	0.96%	+1.5%
CVE	Sell	CENOVUS ENERGY INC	$474,339,000	-22.3%	15,890,753	-25.8%	0.92%	-27.9%
SNI	Sell	SCRIPPS NETWORKS INTERACT IN	$469,522,000	+16.9%	6,011,033	-0.1%	0.91%	+8.4%
FDO	Buy	FAMILY DLR STORES INC	$454,405,000	+27.8%	6,309,436	+10.5%	0.88%	+18.6%
FRX	Buy	FOREST LABS INC	$453,838,000	+4.6%	10,606,175	+0.2%	0.88%	-3.1%
TRW	Sell	TRW AUTOMOTIVE HLDGS CORP	$449,832,000	+7.1%	6,308,127	-0.2%	0.88%	-0.6%
CMCSK	Sell	COMCAST CORP NEWcl a spl	$435,001,000	+8.7%	10,029,999	-0.6%	0.85%	+0.8%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$426,127,000	-11.6%	7,534,067	-22.4%	0.83%	-18.1%
PFG	Buy	PRINCIPAL FINL GROUP INC	$414,579,000	+14.4%	9,681,900	+0.0%	0.81%	+6.0%
AFL	Buy	AFLAC INC	$413,023,000	+9.2%	6,662,735	+2.4%	0.80%	+1.3%
TIF	Sell	TIFFANY & CO NEW	$405,524,000	+1.5%	5,292,656	-3.6%	0.79%	-6.0%
XEC	Sell	CIMAREX ENERGY CO	$402,306,000	+6.8%	4,173,297	-28.0%	0.78%	-1.0%
OCR	Sell	OMNICARE INC	$396,991,000	+12.5%	7,152,990	-3.3%	0.77%	+4.3%
XOM	Sell	EXXON MOBIL CORP	$364,482,000	-5.8%	4,236,198	-1.1%	0.71%	-12.7%
AMTD	Buy	TD AMERITRADE HLDG CORP	$355,145,000	+8.0%	13,565,510	+0.2%	0.69%	+0.1%
GS	Sell	GOLDMAN SACHS GROUP INC	$335,902,000	+4.5%	2,123,143	-0.1%	0.65%	-3.0%
UL	Buy	UNILEVER PLCspon adr new	$332,296,000	+37.9%	8,613,159	+44.6%	0.65%	+27.9%
LEA	Sell	LEAR CORP	$332,060,000	+18.0%	4,639,654	-0.3%	0.65%	+9.3%
THC	Buy	TENET HEALTHCARE CORP	$320,044,000	-9.9%	7,769,947	+0.8%	0.62%	-16.5%
CMI	Sell	CUMMINS INC	$299,998,000	+9.8%	2,257,829	-10.4%	0.58%	+1.7%
MCD	Buy	MCDONALDS CORP	$294,605,000	+15.1%	3,062,110	+18.4%	0.57%	+6.7%
ECA	Sell	ENCANA CORP	$280,449,000	+2.2%	16,182,847	-0.1%	0.55%	-5.2%
OMC	Sell	OMNICOM GROUP INC	$278,589,000	+0.9%	4,391,380	-0.0%	0.54%	-6.6%
UNP	Buy	UNION PAC CORP	$277,785,000	+52.2%	1,788,237	+51.2%	0.54%	+41.3%
BLK	Buy	BLACKROCK INC	$277,073,000	+191.2%	1,023,842	+176.4%	0.54%	+169.5%
FL	Buy	FOOT LOCKER INC	$275,526,000	+9.3%	8,118,036	+13.1%	0.54%	+1.3%
PENN	Buy	PENN NATL GAMING INC	$272,264,000	+14.9%	4,918,058	+9.9%	0.53%	+6.6%
DGX	Sell	QUEST DIAGNOSTICS INC	$263,800,000	+1.8%	4,269,300	-0.1%	0.51%	-5.5%
USB	Buy	US BANCORP DEL	$263,698,000	+2.0%	7,208,810	+0.8%	0.51%	-5.5%
HSP	Sell	HOSPIRA INC	$254,462,000	+2.3%	6,488,075	-0.1%	0.50%	-5.2%
ALV	Buy	AUTOLIV INC	$248,161,000	+17.9%	2,839,695	+4.4%	0.48%	+9.3%
VAR	Sell	VARIAN MED SYS INC	$239,278,000	+3.7%	3,201,901	-6.4%	0.47%	-3.7%
F113PS	Buy	COVIDIEN PLC	$224,045,000	-0.8%	3,676,481	+2.3%	0.44%	-8.0%
APA	Buy	APACHE CORP	$221,543,000	+95.8%	2,602,100	+92.7%	0.43%	+81.1%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$220,372,000	+19.2%	6,940,860	-0.2%	0.43%	+10.6%
MSFT	Buy	MICROSOFT CORP	$218,468,000	-2.3%	6,558,622	+1.3%	0.42%	-9.4%
SNA	Sell	SNAP ON INC	$214,303,000	-36.5%	2,153,795	-42.9%	0.42%	-41.1%
MMM	Buy	3M CO	$199,137,000	+17.0%	1,667,671	+7.2%	0.39%	+8.7%
HNT	Buy	HEALTH NET INC	$196,493,000	+5.6%	6,198,500	+6.0%	0.38%	-2.3%
GOOGL	Buy	GOOGLE INCcl a	$195,059,000	-0.1%	222,693	+0.4%	0.38%	-7.3%
HD	Sell	HOME DEPOT INC	$190,956,000	-2.5%	2,517,553	-0.4%	0.37%	-9.5%
HAL	Sell	HALLIBURTON CO	$190,404,000	+14.1%	3,954,400	-1.2%	0.37%	+6.0%
STT	Buy	STATE STR CORP	$186,595,000	+0.9%	2,837,950	+0.1%	0.36%	-6.4%
TGI	Buy	TRIUMPH GROUP INC NEW	$184,268,000	-1.3%	2,624,156	+11.3%	0.36%	-8.4%
AAPL	Sell	APPLE INC	$184,116,000	+9.2%	386,189	-9.3%	0.36%	+1.1%
DRC	Buy	DRESSER-RAND GROUP INC	$172,844,000	+12.2%	2,769,934	+7.9%	0.34%	+4.0%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$171,398,000	+2.3%	9,239,750	-14.5%	0.33%	-5.1%
KMX	Sell	CARMAX INC	$167,809,000	-29.9%	3,462,114	-33.3%	0.33%	-35.0%
BK	Buy	BANK NEW YORK MELLON CORP	$161,608,000	+7.7%	5,353,019	+0.1%	0.32%	0.0%
WMT	Buy	WAL-MART STORES INC	$157,425,000	+2.3%	2,128,519	+3.0%	0.31%	-5.3%
AON	Sell	AON PLC	$157,086,000	+14.7%	2,110,240	-0.9%	0.31%	+6.6%
CPN	Buy	CALPINE CORP	$155,384,000	-8.4%	7,997,104	+0.1%	0.30%	-15.2%
CXO	Sell	CONCHO RES INC	$153,335,000	+13.6%	1,409,200	-12.6%	0.30%	+5.3%
CRI	Sell	CARTER INC	$147,849,000	-23.6%	1,948,202	-25.4%	0.29%	-29.1%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$146,277,000	+16.8%	3,477,815	+12.1%	0.28%	+8.4%
QCOM	New	QUALCOMM INC	$142,259,000	–	2,111,925	–	0.28%	–
NFX	Sell	NEWFIELD EXPL CO	$137,890,000	+1.7%	5,038,004	-11.2%	0.27%	-6.0%
KSS	Buy	KOHLS CORP	$130,895,000	+17.4%	2,529,370	+14.5%	0.26%	+9.0%
SIG	Sell	SIGNET JEWELERS LIMITED	$128,415,000	+4.1%	1,792,247	-2.0%	0.25%	-3.5%
HSNI	Buy	HSN INC	$120,862,000	+27.4%	2,254,046	+27.6%	0.24%	+18.1%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$120,828,000	+5.1%	1,669,350	-0.1%	0.24%	-2.5%
BRKR	Sell	BRUKER CORP	$103,883,000	+27.7%	5,030,640	-0.1%	0.20%	+18.1%
UPLMQ	Buy	ULTRA PETROLEUM CORP	$102,348,000	+315.6%	4,975,600	+300.4%	0.20%	+282.7%
BAX	Buy	BAXTER INTL INC	$101,908,000	+14.8%	1,551,350	+21.1%	0.20%	+6.5%
HHC	Sell	HOWARD HUGHES CORP	$96,151,000	-2.4%	855,665	-2.7%	0.19%	-9.7%
LRCX	Sell	LAM RESEARCH CORP	$95,321,000	+15.0%	1,862,110	-0.4%	0.19%	+6.9%
SPLS	Sell	STAPLES INC	$88,188,000	-54.5%	6,019,658	-50.7%	0.17%	-57.7%
AAP	Buy	ADVANCE AUTO PARTS INC	$83,607,000	+20.9%	1,011,208	+18.7%	0.16%	+12.4%
MRK	Buy	MERCK & CO INC NEW	$80,283,000	+2.6%	1,686,269	+0.1%	0.16%	-4.9%
MLHR	Buy	MILLER HERMAN INC	$78,297,000	+43.9%	2,683,248	+33.5%	0.15%	+33.3%
HOG	Buy	HARLEY DAVIDSON INC	$71,591,000	+17.3%	1,114,434	+0.1%	0.14%	+8.6%
AAWW	Buy	ATLAS AIR WORLDWIDE HLDGS IN	$70,684,000	+30.2%	1,532,950	+23.6%	0.14%	+21.1%
ORBK	Buy	ORBOTECH LTDord	$69,158,000	-2.4%	5,767,998	+1.2%	0.14%	-9.4%
ARRS	Sell	ARRIS GROUP INC NEW	$67,861,000	+7.5%	3,977,793	-9.6%	0.13%	-0.8%
LEG	Sell	LEGGETT & PLATT INC	$67,873,000	-47.8%	2,251,194	-46.2%	0.13%	-51.6%
CMCSA	Sell	COMCAST CORP NEWcl a	$61,431,000	+6.8%	1,361,655	-1.1%	0.12%	-0.8%
NKE	Buy	NIKE INCcl b	$48,176,000	+14.1%	663,216	+0.0%	0.09%	+5.6%
ITRI	New	ITRON INC	$33,726,000	–	787,442	–	0.07%	–
FNP	Sell	FIFTH & PAC COS INC	$30,860,000	-16.4%	1,228,000	-25.7%	0.06%	-23.1%
BLT	Buy	BLOUNT INTL INC NEW	$27,890,000	+7.3%	2,303,023	+4.7%	0.05%	-1.8%
DISCK	Sell	DISCOVERY COMMUNICATNS NEW	$27,450,000	-35.9%	351,381	-42.8%	0.05%	-41.1%
GEF	Sell	GREIF INCcl a	$26,258,000	-7.8%	535,550	-0.9%	0.05%	-15.0%
HNI	Sell	HNI CORP	$19,565,000	-11.9%	540,775	-12.1%	0.04%	-19.1%
CMA	Buy	COMERICA INC	$18,757,000	+2.4%	477,150	+3.7%	0.04%	-2.6%
TMK	Sell	TORCHMARK CORP	$18,965,000	-3.6%	262,125	-13.2%	0.04%	-9.8%
RDC	Buy	ROWAN COMPANIES PLC	$18,597,000	+1101.4%	506,450	+1014.3%	0.04%	+1100.0%
DIS	Sell	DISNEY WALT CO	$17,491,000	-24.7%	271,222	-26.2%	0.03%	-30.6%
BA	Sell	BOEING CO	$16,318,000	-96.2%	138,875	-96.7%	0.03%	-96.4%
CNO	Sell	CNO FINL GROUP INC	$14,256,000	-1.6%	990,000	-11.4%	0.03%	-6.7%
MTW	New	MANITOWOC INC	$13,654,000	–	698,000	–	0.03%	–
MCRS	Buy	MICROS SYS INC	$13,137,000	+1006.7%	263,050	+856.5%	0.03%	+1200.0%
DISCA	Sell	DISCOVERY COMMUNICATNS NEW	$4,047,000	-31.8%	47,944	-37.6%	0.01%	-33.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$2,635,000	-2.8%	23,218	-4.1%	0.01%	-16.7%
DKS	Buy	DICKS SPORTING GOODS INC	$2,226,000	+137.8%	41,700	+123.0%	0.00%	+100.0%
CSWC	Buy	CAPITAL SOUTHWEST CORP	$1,948,000	-0.7%	56,928	+300.0%	0.00%	0.0%
GE	Buy	GENERAL ELECTRIC CO	$1,862,000	+3.8%	77,953	+0.7%	0.00%	0.0%
ABBV	Buy	ABBVIE INC	$2,060,000	+9.4%	46,056	+1.1%	0.00%	0.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$1,390,000	-10.4%	30,024	-13.5%	0.00%	0.0%
UTIW	Sell	UTI WORLDWIDE INCord	$1,350,000	-10.7%	89,350	-2.7%	0.00%	0.0%
ABT	Sell	ABBOTT LABS	$1,466,000	-10.0%	44,178	-5.4%	0.00%	0.0%
ESL	Sell	ESTERLINE TECHNOLOGIES CORP	$1,522,000	+5.8%	19,050	-4.3%	0.00%	0.0%
TM	Sell	TOYOTA MOTOR CORP	$832,000	-94.1%	6,500	-94.4%	0.00%	-93.3%
PFE	Sell	PFIZER INC	$1,213,000	+0.7%	42,217	-1.9%	0.00%	-33.3%
WMS	Sell	WMS INDS INC	$1,043,000	-71.7%	40,200	-72.2%	0.00%	-75.0%
PEP	Sell	PEPSICO INC	$501,000	-34.2%	6,302	-32.3%	0.00%	-50.0%
KS	Sell	KAPSTONE PAPER & PACKAGING C	$304,000	-4.1%	7,100	-10.1%	0.00%	0.0%
CVX	Sell	CHEVRON CORP NEW	$519,000	-11.6%	4,268	-14.0%	0.00%	0.0%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$370,000	+0.5%	5,995	+0.6%	0.00%	0.0%
DD	Sell	DU PONT E I DE NEMOURS & CO	$583,000	+6.2%	9,950	-4.8%	0.00%	0.0%
ALL	Buy	ALLSTATE CORP	$371,000	+22.8%	7,330	+16.8%	0.00%	0.0%
PG	Buy	PROCTER & GAMBLE CO	$696,000	+7.2%	9,209	+9.2%	0.00%	0.0%
KR	Exit	KROGER CO	$0	–	-6,500	–	0.00%	–
SLB	Buy	SCHLUMBERGER LTD	$251,000	+24.9%	2,845	+1.6%	0.00%	–
RRC	Sell	RANGE RES CORP	$228,000	-99.9%	3,000	-99.9%	0.00%	-100.0%
NTRS	Sell	NORTHERN TR CORP	$237,000	-81.7%	4,350	-80.5%	0.00%	-100.0%
TWX	Exit	TIME WARNER INC	$0	–	-3,750	–	0.00%	–
BP	Exit	BP PLCsponsored adr	$0	–	-5,774	–	-0.00%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-7,200	–	-0.00%	–
MOLXA	Exit	MOLEX INCcl a	$0	–	-148,712	–	-0.01%	–
THO	Exit	THOR INDS INC	$0	–	-187,194	–	-0.02%	–
KDN	Exit	KAYDON CORP	$0	–	-982,678	–	-0.06%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-389,049	–	-0.06%	–
TV	Exit	GRUPO TELEVISA SAspon adr rep ord	$0	–	-1,334,418	–	-0.07%	–
CME	Exit	CME GROUP INC	$0	–	-505,868	–	-0.08%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC	$0	–	-956,050	–	-0.16%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-7,181,700	–	-0.81%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-4,783,500	–	-0.83%	–

Q2 2013

			Value		Shares		↓ Weighting
GM	New	GENERAL MTRS CO	$1,729,076,000	–	51,908,590	–	3.63%	–
INTC	New	INTEL CORP	$1,631,985,000	–	67,381,692	–	3.42%	–
ORCL	New	ORACLE CORP	$1,545,821,000	–	50,319,721	–	3.24%	–
JPM	New	JPMORGAN CHASE & CO	$1,348,164,000	–	25,538,239	–	2.83%	–
MA	New	MASTERCARD INCcl a	$1,318,717,000	–	2,295,417	–	2.77%	–
FDX	New	FEDEX CORP	$1,311,770,000	–	13,306,653	–	2.75%	–
WFC	New	WELLS FARGO & CO NEW	$1,226,585,000	–	29,720,979	–	2.57%	–
TEL	New	TE CONNECTIVITY LTD	$1,198,545,000	–	26,318,508	–	2.52%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,193,275,000	–	17,318,940	–	2.50%	–
AIG	New	AMERICAN INTL GROUP INC	$1,183,444,000	–	26,475,244	–	2.48%	–
ITW	New	ILLINOIS TOOL WKS INC	$1,162,034,000	–	16,799,680	–	2.44%	–
AMAT	New	APPLIED MATLS INC	$1,067,154,000	–	71,573,062	–	2.24%	–
BAC	New	BANK OF AMERICA CORPORATION	$988,929,000	–	76,899,616	–	2.08%	–
DVN	New	DEVON ENERGY CORP NEW	$870,057,000	–	16,770,577	–	1.83%	–
UNH	New	UNITEDHEALTH GROUP INC	$824,485,000	–	12,591,400	–	1.73%	–
BEN	New	FRANKLIN RES INC	$714,364,000	–	5,251,901	–	1.50%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$692,149,000	–	13,654,556	–	1.45%	–
TXN	New	TEXAS INSTRS INC	$691,884,000	–	19,841,822	–	1.45%	–
DOV	New	DOVER CORP	$664,034,000	–	8,550,527	–	1.39%	–
MDT	New	MEDTRONIC INC	$650,838,000	–	12,644,991	–	1.37%	–
V	New	VISA INC	$649,601,000	–	3,554,587	–	1.36%	–
COF	New	CAPITAL ONE FINL CORP	$611,575,000	–	9,736,898	–	1.28%	–
CVE	New	CENOVUS ENERGY INC	$610,388,000	–	21,402,112	–	1.28%	–
PH	New	PARKER HANNIFIN CORP	$587,703,000	–	6,160,405	–	1.23%	–
GD	New	GENERAL DYNAMICS CORP	$586,988,000	–	7,493,786	–	1.23%	–
WSH	New	WILLIS GROUP HOLDINGS PUBLIC	$577,227,000	–	14,154,668	–	1.21%	–
ROK	New	ROCKWELL AUTOMATION INC	$532,013,000	–	6,399,003	–	1.12%	–
LH	New	LABORATORY CORP AMER HLDGS	$529,337,000	–	5,288,074	–	1.11%	–
PM	New	PHILIP MORRIS INTL INC	$523,362,000	–	6,042,042	–	1.10%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$505,323,000	–	21,961,003	–	1.06%	–
BHI	New	BAKER HUGHES INC	$487,898,000	–	10,576,589	–	1.02%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$482,194,000	–	9,706,000	–	1.01%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$472,800,000	–	7,482,202	–	0.99%	–
A309PS	New	DIRECTV	$459,367,000	–	7,454,833	–	0.96%	–
DEO	New	DIAGEO P L Cspon adr new	$452,409,000	–	3,935,700	–	0.95%	–
FRX	New	FOREST LABS INC	$433,940,000	–	10,583,900	–	0.91%	–
BA	New	BOEING CO	$428,821,000	–	4,186,069	–	0.90%	–
TRW	New	TRW AUTOMOTIVE HLDGS CORP	$419,897,000	–	6,319,934	–	0.88%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$401,811,000	–	6,018,733	–	0.84%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$400,256,000	–	10,089,623	–	0.84%	–
TIF	New	TIFFANY & CO NEW	$399,714,000	–	5,487,564	–	0.84%	–
NOC	New	NORTHROP GRUMMAN CORP	$396,074,000	–	4,783,500	–	0.83%	–
FLS	New	FLOWSERVE CORP	$387,884,000	–	7,181,700	–	0.81%	–
XOM	New	EXXON MOBIL CORP	$387,049,000	–	4,283,890	–	0.81%	–
AFL	New	AFLAC INC	$378,344,000	–	6,509,710	–	0.79%	–
XEC	New	CIMAREX ENERGY CO	$376,732,000	–	5,796,772	–	0.79%	–
PFG	New	PRINCIPAL FINL GROUP INC	$362,523,000	–	9,680,200	–	0.76%	–
FDO	New	FAMILY DLR STORES INC	$355,672,000	–	5,708,095	–	0.75%	–
THC	New	TENET HEALTHCARE CORP	$355,310,000	–	7,707,378	–	0.75%	–
OCR	New	OMNICARE INC	$352,972,000	–	7,398,287	–	0.74%	–
SNA	New	SNAP ON INC	$337,300,000	–	3,773,775	–	0.71%	–
AMTD	New	TD AMERITRADE HLDG CORP	$328,894,000	–	13,540,310	–	0.69%	–
GS	New	GOLDMAN SACHS GROUP INC	$321,361,000	–	2,124,705	–	0.67%	–
CVS	New	CVS CAREMARK CORPORATION	$315,274,000	–	5,513,713	–	0.66%	–
BWA	New	BORGWARNER INC	$289,007,000	–	3,354,699	–	0.61%	–
LEA	New	LEAR CORP	$281,390,000	–	4,654,154	–	0.59%	–
OMC	New	OMNICOM GROUP INC	$276,177,000	–	4,392,834	–	0.58%	–
ECA	New	ENCANA CORP	$274,498,000	–	16,204,147	–	0.58%	–
CMI	New	CUMMINS INC	$273,332,000	–	2,520,119	–	0.57%	–
DGX	New	QUEST DIAGNOSTICS INC	$259,175,000	–	4,274,700	–	0.54%	–
USB	New	US BANCORP DEL	$258,618,000	–	7,154,021	–	0.54%	–
MCD	New	MCDONALDS CORP	$255,958,000	–	2,585,438	–	0.54%	–
FL	New	FOOT LOCKER INC	$252,114,000	–	7,176,605	–	0.53%	–
HSP	New	HOSPIRA INC	$248,702,000	–	6,491,831	–	0.52%	–
UL	New	UNILEVER PLCspon adr new	$240,952,000	–	5,956,795	–	0.51%	–
KMX	New	CARMAX INC	$239,553,000	–	5,189,615	–	0.50%	–
PENN	New	PENN NATL GAMING INC	$236,896,000	–	4,476,492	–	0.50%	–
VAR	New	VARIAN MED SYS INC	$230,850,000	–	3,422,531	–	0.48%	–
F113PS	New	COVIDIEN PLC	$225,939,000	–	3,595,459	–	0.47%	–
MSFT	New	MICROSOFT CORP	$223,623,000	–	6,476,199	–	0.47%	–
ALV	New	AUTOLIV INC	$210,424,000	–	2,719,000	–	0.44%	–
RRC	New	RANGE RES CORP	$203,310,000	–	2,629,458	–	0.43%	–
HD	New	HOME DEPOT INC	$195,800,000	–	2,527,435	–	0.41%	–
GOOGL	New	GOOGLE INCcl a	$195,315,000	–	221,856	–	0.41%	–
SPLS	New	STAPLES INC	$193,725,000	–	12,214,700	–	0.41%	–
CRI	New	CARTER INC	$193,404,000	–	2,611,100	–	0.41%	–
TGI	New	TRIUMPH GROUP INC NEW	$186,622,000	–	2,357,823	–	0.39%	–
HNT	New	HEALTH NET INC	$186,072,000	–	5,847,660	–	0.39%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$184,807,000	–	6,952,860	–	0.39%	–
STT	New	STATE STR CORP	$184,968,000	–	2,836,500	–	0.39%	–
UNP	New	UNION PAC CORP	$182,514,000	–	1,183,008	–	0.38%	–
MMM	New	3M CO	$170,186,000	–	1,556,346	–	0.36%	–
CPN	New	CALPINE CORP	$169,556,000	–	7,986,604	–	0.36%	–
AAPL	New	APPLE INC	$168,672,000	–	425,854	–	0.35%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$167,599,000	–	10,812,822	–	0.35%	–
HAL	New	HALLIBURTON CO	$166,930,000	–	4,001,200	–	0.35%	–
DRC	New	DRESSER-RAND GROUP INC	$154,028,000	–	2,567,984	–	0.32%	–
WMT	New	WAL-MART STORES INC	$153,947,000	–	2,066,679	–	0.32%	–
BK	New	BANK NEW YORK MELLON CORP	$150,060,000	–	5,349,746	–	0.32%	–
AON	New	AON PLC	$136,972,000	–	2,128,540	–	0.29%	–
NFX	New	NEWFIELD EXPL CO	$135,603,000	–	5,676,138	–	0.28%	–
CXO	New	CONCHO RES INC	$135,003,000	–	1,612,555	–	0.28%	–
LEG	New	LEGGETT & PLATT INC	$130,117,000	–	4,185,166	–	0.27%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$125,237,000	–	3,102,228	–	0.26%	–
SIG	New	SIGNET JEWELERS LIMITED	$123,372,000	–	1,829,620	–	0.26%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$115,010,000	–	1,670,200	–	0.24%	–
APA	New	APACHE CORP	$113,171,000	–	1,350,000	–	0.24%	–
KMT	New	KENNAMETAL INC	$112,682,000	–	2,901,935	–	0.24%	–
KSS	New	KOHLS CORP	$111,542,000	–	2,208,320	–	0.23%	–
HHC	New	HOWARD HUGHES CORP	$98,557,000	–	879,270	–	0.21%	–
BLK	New	BLACKROCK INC	$95,151,000	–	370,455	–	0.20%	–
HSNI	New	HSN INC	$94,902,000	–	1,766,596	–	0.20%	–
BAX	New	BAXTER INTL INC	$88,749,000	–	1,281,200	–	0.19%	–
LRCX	New	LAM RESEARCH CORP	$82,895,000	–	1,869,518	–	0.17%	–
BRKR	New	BRUKER CORP	$81,339,000	–	5,036,490	–	0.17%	–
MRK	New	MERCK & CO INC NEW	$78,217,000	–	1,683,903	–	0.16%	–
TDY	New	TELEDYNE TECHNOLOGIES INC	$73,950,000	–	956,050	–	0.16%	–
ORBK	New	ORBOTECH LTDord	$70,888,000	–	5,698,398	–	0.15%	–
AAP	New	ADVANCE AUTO PARTS INC	$69,133,000	–	851,697	–	0.14%	–
ARRS	New	ARRIS GROUP INC NEW	$63,154,000	–	4,400,999	–	0.13%	–
HOG	New	HARLEY DAVIDSON INC	$61,044,000	–	1,113,534	–	0.13%	–
CMCSA	New	COMCAST CORP NEWcl a	$57,510,000	–	1,377,480	–	0.12%	–
MLHR	New	MILLER HERMAN INC	$54,426,000	–	2,010,548	–	0.11%	–
AAWW	New	ATLAS AIR WORLDWIDE HLDGS IN	$54,282,000	–	1,240,450	–	0.11%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$42,857,000	–	614,243	–	0.09%	–
NKE	New	NIKE INCcl b	$42,214,000	–	662,904	–	0.09%	–
CME	New	CME GROUP INC	$38,435,000	–	505,868	–	0.08%	–
FNP	New	FIFTH & PAC COS INC	$36,928,000	–	1,653,000	–	0.08%	–
PTEN	New	PATTERSON UTI ENERGY INC	$34,073,000	–	1,760,400	–	0.07%	–
TV	New	GRUPO TELEVISA SAspon adr rep ord	$33,147,000	–	1,334,418	–	0.07%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$29,241,000	–	389,049	–	0.06%	–
GEF	New	GREIF INCcl a	$28,476,000	–	540,650	–	0.06%	–
KDN	New	KAYDON CORP	$27,073,000	–	982,678	–	0.06%	–
BLT	New	BLOUNT INTL INC NEW	$25,988,000	–	2,198,623	–	0.06%	–
UPLMQ	New	ULTRA PETROLEUM CORP	$24,628,000	–	1,242,600	–	0.05%	–
DIS	New	DISNEY WALT CO	$23,219,000	–	367,678	–	0.05%	–
HNI	New	HNI CORP	$22,197,000	–	615,375	–	0.05%	–
TMK	New	TORCHMARK CORP	$19,664,000	–	301,877	–	0.04%	–
CMA	New	COMERICA INC	$18,320,000	–	459,950	–	0.04%	–
CR	New	CRANE CO	$16,477,000	–	274,990	–	0.04%	–
CNO	New	CNO FINL GROUP INC	$14,483,000	–	1,117,500	–	0.03%	–
TM	New	TOYOTA MOTOR CORP	$14,083,000	–	116,717	–	0.03%	–
EMR	New	EMERSON ELEC CO	$11,767,000	–	215,750	–	0.02%	–
THO	New	THOR INDS INC	$9,206,000	–	187,194	–	0.02%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$9,104,000	–	54	–	0.02%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$5,931,000	–	76,787	–	0.01%	–
WMS	New	WMS INDS INC	$3,684,000	–	144,400	–	0.01%	–
MOLXA	New	MOLEX INCcl a	$3,697,000	–	148,712	–	0.01%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,710,000	–	24,218	–	0.01%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$2,652,000	–	13,876	–	0.01%	–
GE	New	GENERAL ELECTRIC CO	$1,794,000	–	77,377	–	0.00%	–
KO	New	COCA COLA CO	$1,891,000	–	47,140	–	0.00%	–
CSWC	New	CAPITAL SOUTHWEST CORP	$1,962,000	–	14,232	–	0.00%	–
ABBV	New	ABBVIE INC	$1,883,000	–	45,559	–	0.00%	–
UTIW	New	UTI WORLDWIDE INCord	$1,512,000	–	91,800	–	0.00%	–
NTRS	New	NORTHERN TR CORP	$1,294,000	–	22,350	–	0.00%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,552,000	–	34,725	–	0.00%	–
ABT	New	ABBOTT LABS	$1,629,000	–	46,694	–	0.00%	–
JNJ	New	JOHNSON & JOHNSON	$1,605,000	–	18,698	–	0.00%	–
PFE	New	PFIZER INC	$1,205,000	–	43,017	–	0.00%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$1,439,000	–	19,900	–	0.00%	–
RDC	New	ROWAN COMPANIES PLC	$1,548,000	–	45,450	–	0.00%	–
SBUX	New	STARBUCKS CORP	$1,415,000	–	21,600	–	0.00%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$990,000	–	11,698	–	0.00%	–
	New	LIVE NATION ENTERTAINMENT INnote 2.875% 7/1	$837,000	–	828,000	–	0.00%	–
DKS	New	DICKS SPORTING GOODS INC	$936,000	–	18,700	–	0.00%	–
WAG	New	WALGREEN CO	$897,000	–	20,300	–	0.00%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$811,000	–	9,500	–	0.00%	–
MCRS	New	MICROS SYS INC	$1,187,000	–	27,500	–	0.00%	–
HUBB	New	HUBBELL INCcl b	$1,180,000	–	11,920	–	0.00%	–
PEP	New	PEPSICO INC	$761,000	–	9,302	–	0.00%	–
PG	New	PROCTER & GAMBLE CO	$649,000	–	8,435	–	0.00%	–
PSX	New	PHILLIPS 66	$312,000	–	5,300	–	0.00%	–
CYS	New	CYS INVTS INC	$526,000	–	57,142	–	0.00%	–
CELG	New	CELGENE CORP	$615,000	–	5,258	–	0.00%	–
CVX	New	CHEVRON CORP NEW	$587,000	–	4,962	–	0.00%	–
NRT	New	NORTH EUROPEAN OIL RTY TRsh ben int	$248,000	–	10,200	–	0.00%	–
BP	New	BP PLCsponsored adr	$241,000	–	5,774	–	0.00%	–
MHFI	New	MCGRAW HILL FINL INC	$426,000	–	8,000	–	0.00%	–
COP	New	CONOCOPHILLIPS	$696,000	–	11,500	–	0.00%	–
MBFI	New	MB FINANCIAL INC NEW	$262,000	–	9,769	–	0.00%	–
DHR	New	DANAHER CORP DEL	$399,000	–	6,300	–	0.00%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$307,000	–	9,050	–	0.00%	–
UN	New	UNILEVER N V	$275,000	–	6,989	–	0.00%	–
K	New	KELLOGG CO	$411,000	–	6,400	–	0.00%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$317,000	–	7,900	–	0.00%	–
AMGN	New	AMGEN INC	$319,000	–	3,236	–	0.00%	–
DD	New	DU PONT E I DE NEMOURS & CO	$549,000	–	10,450	–	0.00%	–
HON	New	HONEYWELL INTL INC	$460,000	–	5,800	–	0.00%	–
ALL	New	ALLSTATE CORP	$302,000	–	6,273	–	0.00%	–
LBTYA	New	LIBERTY GLOBAL PLC	$276,000	–	3,753	–	0.00%	–
AYI	New	ACUITY BRANDS INC	$544,000	–	7,200	–	0.00%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$368,000	–	5,962	–	0.00%	–
PCL	New	PLUM CREEK TIMBER CO INC	$317,000	–	6,800	–	0.00%	–
MO	New	ALTRIA GROUP INC	$300,000	–	8,582	–	0.00%	–
KR	New	KROGER CO	$225,000	–	6,500	–	0.00%	–
TWX	New	TIME WARNER INC	$217,000	–	3,750	–	0.00%	–
CNI	New	CANADIAN NATL RY CO	$219,000	–	2,250	–	0.00%	–
SLB	New	SCHLUMBERGER LTD	$201,000	–	2,800	–	0.00%	–
GWW	New	GRAINGER W W INC	$202,000	–	800	–	0.00%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$206,000	–	3,222	–	0.00%	–

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