WS MANAGEMENT LLLP Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MU	Buy	MICRON TECHNOLOGY INC	$67,043,021	+20.0%	985,492	+11.3%	5.41%	+15.7%
NVDA	Buy	NVIDIA CORPORATION	$64,505,537	+27.9%	148,292	+24.4%	5.20%	+23.4%
ON	Buy	ON SEMICONDUCTOR CORPput	$60,454,680	+155.7%	650,400	+160.2%	4.88%	+146.5%
DXCM	Buy	DEXCOM INCput	$54,216,630	-25.1%	581,100	+3.2%	4.37%	-27.8%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELput	$46,905,170	+96.5%	133,900	+91.3%	3.78%	+89.4%
COP	Buy	CONOCOPHILLIPS	$34,157,256	+40.2%	285,119	+21.3%	2.76%	+35.2%
TSLA	New	TESLA INC	$32,528,600	–	130,000	–	2.62%	–
DXCM	New	DEXCOM INCcall	$27,990,000	–	300,000	–	2.26%	–
QQQ	Sell	INVESCO QQQ TRput	$25,078,900	-45.6%	70,000	-44.0%	2.02%	-47.6%
DXCM	New	DEXCOM INC	$24,407,653	–	261,604	–	1.97%	–
CAT	Buy	CATERPILLAR INCput	$24,051,300	+62.9%	88,100	+46.8%	1.94%	+57.1%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$23,857,182	-43.4%	68,105	-44.9%	1.92%	-45.4%
PSA	Sell	PUBLIC STORAGEput	$21,266,064	-64.0%	80,700	-60.1%	1.72%	-65.3%
QQQ	New	INVESCO QQQ TRcall	$19,346,580	–	54,000	–	1.56%	–
CPRI	New	CAPRI HOLDINGS LIMITEDput	$18,913,295	–	359,500	–	1.52%	–
GME	Buy	GAMESTOP CORP NEWput	$18,106,000	+646.6%	1,100,000	+1000.0%	1.46%	+619.2%
TSLA	Sell	TESLA INCcall	$17,515,400	-65.6%	70,000	-64.0%	1.41%	-66.8%
MU	Sell	MICRON TECHNOLOGY INCput	$17,007,500	-51.0%	250,000	-54.5%	1.37%	-52.7%
CHWY	Buy	CHEWY INCput	$14,608,000	+85.1%	800,000	+300.0%	1.18%	+78.5%
COUR	Sell	COURSERA INC	$14,017,500	+19.6%	750,000	-16.7%	1.13%	+15.4%
AAPL	New	APPLE INCput	$11,984,700	–	70,000	–	0.97%	–
MCHP	Sell	MICROCHIP TECHNOLOGY INC.put	$11,707,500	-34.7%	150,000	-25.0%	0.94%	-37.0%
TDOC	Buy	TELADOC HEALTH INCput	$11,154,000	+193.7%	600,000	+300.0%	0.90%	+183.0%
XBI	Buy	SPDR SER TRs&p biotech	$10,953,000	+9.7%	150,000	+25.0%	0.88%	+5.7%
RGNX	Sell	REGENXBIO INC	$10,174,436	-36.0%	618,131	-22.3%	0.82%	-38.3%
NVDA	Sell	NVIDIA CORPORATIONput	$8,699,800	-65.7%	20,000	-66.7%	0.70%	-66.9%
	Buy	WOLFSPEED INC	$8,321,040	+26.4%	218,400	+84.5%	0.67%	+21.8%
KWEB	New	KRANESHARES TRput	$8,211,000	–	300,000	–	0.66%	–
RL	New	RALPH LAUREN CORPput	$8,126,300	–	70,000	–	0.66%	–
	New	WOLFSPEED INCcall	$7,620,000	–	200,000	–	0.62%	–
CVNA	New	CARVANA COput	$7,556,400	–	180,000	–	0.61%	–
TSLA	New	TESLA INCput	$7,506,600	–	30,000	–	0.60%	–
CHWY	New	CHEWY INCcall	$7,304,000	–	400,000	–	0.59%	–
CHWY	New	CHEWY INCcl a	$6,259,711	–	342,810	–	0.50%	–
YELP	New	YELP INCput	$4,159,000	–	100,000	–	0.34%	–
FSR	New	FISKER INCcall	$2,889,000	–	450,000	–	0.23%	–
SPR	Buy	SPIRIT AEROSYSTEMS HLDGS INC	$2,855,166	-37.2%	176,900	+13.5%	0.23%	-39.5%
LAZR	New	LUMINAR TECHNOLOGIES INCcall	$910,000	–	200,000	–	0.07%	–
ON	New	ON SEMICONDUCTOR CORP	$651	–	7	–	0.00%	–
CTLT	Exit	CATALENT INCcall	$0	–	-9,900	–	-0.04%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEWcall	$0	–	-100,000	–	-0.14%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-50,000	–	-0.18%	–
NVDA	Exit	NVIDIA CORPORATIONcall	$0	–	-10,000	–	-0.35%	–
CTLT	Exit	CATALENT INC	$0	–	-100,000	–	-0.36%	–
COP	Exit	CONOCOPHILLIPScall	$0	–	-50,000	–	-0.43%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-130,000	–	-0.69%	–
GLD	Exit	SPDR GOLD TRput	$0	–	-50,000	–	-0.75%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-416,544	–	-1.50%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-174,500	–	-1.90%	–
GOOGL	Exit	ALPHABET INCput	$0	–	-248,700	–	-2.49%	–

Q2 2023

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$135,148,410	–	261	–	11.30%	–
GLD	New	SPDR GOLD TR	$98,436,772	–	552,178	–	8.23%	–
DXCM	New	DEXCOM INCput	$72,363,981	–	563,100	–	6.05%	–
PSA	New	PUBLIC STORAGEput	$59,047,324	–	202,300	–	4.94%	–
MU	New	MICRON TECHNOLOGY INC	$55,884,473	–	885,509	–	4.68%	–
TSLA	New	TESLA INCcall	$50,861,911	–	194,300	–	4.26%	–
NVDA	New	NVIDIA CORPORATION	$50,420,600	–	119,192	–	4.22%	–
QQQ	New	INVESCO QQQ TRput	$46,140,558	–	124,900	–	3.86%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$42,149,305	–	123,605	–	3.53%	–
MU	New	MICRON TECHNOLOGY INCput	$34,710,500	–	550,000	–	2.90%	–
GOOGL	New	ALPHABET INCput	$29,769,390	–	248,700	–	2.49%	–
CTVA	New	CORTEVA INC	$28,650,000	–	500,000	–	2.40%	–
COST	New	COSTCO WHSL CORP NEW	$27,320,631	–	50,746	–	2.28%	–
AMZN	New	AMAZON COM INC	$25,430,629	–	195,080	–	2.13%	–
NVDA	New	NVIDIA CORPORATIONput	$25,381,200	–	60,000	–	2.12%	–
COP	New	CONOCOPHILLIPS	$24,360,680	–	235,119	–	2.04%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELput	$23,870,000	–	70,000	–	2.00%	–
ON	New	ON SEMICONDUCTOR CORPput	$23,645,000	–	250,000	–	1.98%	–
AMZN	New	AMAZON COM INCput	$22,747,820	–	174,500	–	1.90%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$21,953,201	–	729,100	–	1.84%	–
GOOGL	New	ALPHABET INCcap stk cl a	$19,389,006	–	161,980	–	1.62%	–
UBER	New	UBER TECHNOLOGIES INC	$17,982,204	–	416,544	–	1.50%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.put	$17,918,000	–	200,000	–	1.50%	–
RGNX	New	REGENXBIO INC	$15,907,602	–	795,778	–	1.33%	–
CAT	New	CATERPILLAR INCput	$14,763,000	–	60,000	–	1.24%	–
TJX	New	TJX COS INC NEW	$12,796,761	–	150,923	–	1.07%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$12,643,040	–	316,076	–	1.06%	–
COUR	New	COURSERA INC	$11,718,000	–	900,000	–	0.98%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$11,540,199	–	124,195	–	0.96%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$11,112,000	–	200,000	–	0.93%	–
FE	New	FIRSTENERGY CORP	$10,846,043	–	278,962	–	0.91%	–
ANET	New	ARISTA NETWORKS INC	$10,809,402	–	66,700	–	0.90%	–
XBI	New	SPDR SER TRs&p biotech	$9,984,000	–	120,000	–	0.84%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$9,166,035	–	92,353	–	0.77%	–
GLD	New	SPDR GOLD TRput	$8,913,500	–	50,000	–	0.75%	–
ATI	New	ATI INC	$8,846,000	–	200,000	–	0.74%	–
KMX	New	CARMAX INC	$8,370,000	–	100,000	–	0.70%	–
MU	New	MICRON TECHNOLOGY INCcall	$8,204,300	–	130,000	–	0.69%	–
WMT	New	WALMART INC	$8,136,894	–	51,768	–	0.68%	–
CHWY	New	CHEWY INCput	$7,894,000	–	200,000	–	0.66%	–
	New	WOLFSPEED INC	$6,581,856	–	118,400	–	0.55%	–
COP	New	CONOCOPHILLIPScall	$5,180,500	–	50,000	–	0.43%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$4,775,810	–	13,000	–	0.40%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$4,547,802	–	155,800	–	0.38%	–
MPC	New	MARATHON PETE CORP	$4,358,275	–	37,378	–	0.36%	–
CTLT	New	CATALENT INC	$4,336,000	–	100,000	–	0.36%	–
NVDA	New	NVIDIA CORPORATIONcall	$4,230,200	–	10,000	–	0.35%	–
TDOC	New	TELADOC HEALTH INCput	$3,798,000	–	150,000	–	0.32%	–
RRC	New	RANGE RES CORP	$3,632,782	–	123,564	–	0.30%	–
HA	New	HAWAIIAN HOLDINGS INC	$2,875,816	–	267,021	–	0.24%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$2,683,006	–	30,953	–	0.22%	–
GME	New	GAMESTOP CORP NEWput	$2,425,000	–	100,000	–	0.20%	–
UBER	New	UBER TECHNOLOGIES INCcall	$2,158,500	–	50,000	–	0.18%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$1,819,359	–	122,351	–	0.15%	–
CLF	New	CLEVELAND-CLIFFS INC NEWcall	$1,676,000	–	100,000	–	0.14%	–
NTLA	New	INTELLIA THERAPEUTICS INC	$1,086,624	–	26,646	–	0.09%	–
CRSP	New	CRISPR THERAPEUTICS AGnamen akt	$1,059,699	–	18,876	–	0.09%	–
MPW	New	MEDICAL PPTYS TRUST INC	$926,000	–	100,000	–	0.08%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$732,775	–	15,885	–	0.06%	–
WVE	New	WAVE LIFE SCIENCES LTD	$701,508	–	192,722	–	0.06%	–
CTLT	New	CATALENT INCcall	$429,264	–	9,900	–	0.04%	–
EDIT	New	EDITAS MEDICINE INC	$236,999	–	28,797	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-11,212	–	-0.01%	–
CLLS	Exit	CELLECTIS S Aspon ads	$0	–	-50,907	–	-0.01%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-115,602	–	-0.01%	–
AFMD	Exit	AFFIMED N V	$0	–	-100,000	–	-0.02%	–
SLN	Exit	SILENCE THERAPEUTICS PLCads	$0	–	-25,000	–	-0.02%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-28,797	–	-0.03%	–
SGMO	Exit	SANGAMO THERAPEUTICS INC	$0	–	-80,650	–	-0.04%	–
CHWY	Exit	CHEWY INCcall	$0	–	-20,000	–	-0.06%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL IN	$0	–	-15,885	–	-0.06%	–
WVE	Exit	WAVE LIFE SCIENCES LTD	$0	–	-192,722	–	-0.06%	–
TSLA	Exit	TESLA INCput	$0	–	-4,000	–	-0.10%	–
CRSP	Exit	CRISPR THERAPEUTICS AGnamen akt	$0	–	-18,876	–	-0.11%	–
FSR	Exit	FISKER INCput	$0	–	-164,500	–	-0.11%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC.put	$0	–	-23,000	–	-0.13%	–
NTLA	Exit	INTELLIA THERAPEUTICS INC	$0	–	-26,646	–	-0.14%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-122,351	–	-0.14%	–
TWTR	Exit	TWITTER INCput	$0	–	-48,000	–	-0.19%	–
CAT	Exit	CATERPILLAR INCput	$0	–	-13,500	–	-0.20%	–
MPW	Exit	MEDICAL PPTYS TRUST INCput	$0	–	-200,000	–	-0.22%	–
CHWY	Exit	CHEWY INCput	$0	–	-78,000	–	-0.22%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-30,953	–	-0.24%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEWcall	$0	–	-200,000	–	-0.24%	–
	Exit	LUCID GROUP INCput	$0	–	-195,000	–	-0.25%	–
NKLA	Exit	NIKOLA CORPcall	$0	–	-800,000	–	-0.26%	–
BA	Exit	BOEING CO	$0	–	-23,932	–	-0.26%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-95,334	–	-0.27%	–
	Exit	WOLFSPEED INCput	$0	–	-30,000	–	-0.28%	–
ON	Exit	ON SEMICONDUCTOR CORPcall	$0	–	-50,000	–	-0.28%	–
FSR	Exit	FISKER INCcall	$0	–	-460,800	–	-0.32%	–
HA	Exit	HAWAIIAN HOLDINGS INC	$0	–	-267,021	–	-0.32%	–
TDOC	Exit	TELADOC HEALTH INCcall	$0	–	-150,000	–	-0.34%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-55,110	–	-0.41%	–
KWEB	Exit	KRANESHARES TRcall	$0	–	-185,000	–	-0.41%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-103,084	–	-0.44%	–
RRC	Exit	RANGE RES CORP	$0	–	-200,256	–	-0.46%	–
ATI	Exit	ATI INC	$0	–	-200,000	–	-0.48%	–
	Exit	LUCID GROUP INCcall	$0	–	-400,000	–	-0.51%	–
GME	Exit	GAMESTOP CORP NEWcall	$0	–	-243,500	–	-0.56%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-62,070	–	-0.56%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-64,492	–	-0.71%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-100,000	–	-0.72%	–
CAT	Exit	CATERPILLAR INCcall	$0	–	-50,000	–	-0.74%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-31,200	–	-0.76%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-316,076	–	-0.78%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-124,195	–	-0.83%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-200,000	–	-0.89%	–
WMT	Exit	WALMART INC	$0	–	-76,768	–	-0.90%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-278,962	–	-0.94%	–
RGNX	Exit	REGENXBIO INC	$0	–	-396,997	–	-0.95%	–
AMZN	Exit	AMAZON COM INC	$0	–	-95,880	–	-0.98%	–
GME	Exit	GAMESTOP CORP NEWput	$0	–	-450,000	–	-1.03%	–
MPW	Exit	MEDICAL PPTYS TRUST INCcall	$0	–	-958,000	–	-1.03%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-456,544	–	-1.10%	–
COUR	Exit	COURSERA INC	$0	–	-1,130,000	–	-1.10%	–
TJX	Exit	TJX COS INC NEW	$0	–	-200,923	–	-1.13%	–
TSLA	Exit	TESLA INCcall	$0	–	-48,600	–	-1.17%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELput	$0	–	-50,000	–	-1.21%	–
NEM	Exit	NEWMONT CORP	$0	–	-331,642	–	-1.26%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-191,980	–	-1.67%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-450,000	–	-2.04%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-50,746	–	-2.17%	–
TDOC	Exit	TELADOC HEALTH INCput	$0	–	-960,000	–	-2.21%	–
CTVA	Exit	CORTEVA INC	$0	–	-535,083	–	-2.77%	–
GLD	Exit	SPDR GOLD TRput	$0	–	-200,000	–	-2.81%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-123,605	–	-2.99%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-708,909	–	-3.22%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-387,565	–	-3.60%	–
ON	Exit	ON SEMICONDUCTOR CORPput	$0	–	-643,100	–	-3.64%	–
GDX	Exit	VANECK ETF TRUSTcall	$0	–	-1,837,400	–	-4.02%	–
GLD	Exit	SPDR GOLD TR	$0	–	-552,178	–	-7.75%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-261	–	-9.62%	–
GLD	Exit	SPDR GOLD TRcall	$0	–	-1,745,000	–	-24.49%	–

Q3 2022

			Value		Shares		↓ Weighting
GLD	Buy	SPDR GOLD TRcall	$269,899,000	+191.3%	1,745,000	+217.3%	24.49%	+225.6%
GLD	Sell	SPDR GOLD TR	$85,405,000	-39.1%	552,178	-33.6%	7.75%	-31.9%
GDX	New	VANECK ETF TRUSTcall	$44,318,000	–	1,837,400	–	4.02%	–
ON	Buy	ON SEMICONDUCTOR CORPput	$40,084,000	+99.2%	643,100	+60.8%	3.64%	+122.6%
COP	Buy	CONOCOPHILLIPS	$39,663,000	+112.8%	387,565	+86.7%	3.60%	+137.9%
MU	Sell	MICRON TECHNOLOGY INC	$35,516,000	-35.5%	708,909	-28.9%	3.22%	-28.0%
GLD	Sell	SPDR GOLD TRput	$30,934,000	-54.1%	200,000	-50.0%	2.81%	-48.7%
TDOC	New	TELADOC HEALTH INCput	$24,336,000	–	960,000	–	2.21%	–
MU	Buy	MICRON TECHNOLOGY INCcall	$22,545,000	+171.9%	450,000	+200.0%	2.04%	+203.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$18,363,000	-12.2%	191,980	+1900.0%	1.67%	-1.9%
BRKB	New	BERKSHIRE HATHAWAY INC DELput	$13,351,000	–	50,000	–	1.21%	–
TSLA	New	TESLA INCcall	$12,891,000	–	48,600	–	1.17%	–
COUR	Buy	COURSERA INC	$12,181,000	-14.1%	1,130,000	+13.0%	1.10%	-4.0%
UBER	Sell	UBER TECHNOLOGIES INC	$12,098,000	+28.8%	456,544	-0.6%	1.10%	+43.9%
MPW	Buy	MEDICAL PPTYS TRUST INCcall	$11,362,000	+5.2%	958,000	+35.5%	1.03%	+17.7%
GME	Buy	GAMESTOP CORP NEWput	$11,309,000	+84.9%	450,000	+800.0%	1.03%	+106.9%
RGNX	Sell	REGENXBIO INC	$10,493,000	+1.9%	396,997	-4.8%	0.95%	+13.9%
KNX	Sell	KNIGHT-SWIFT TRANSN HLDGS INcl a	$9,786,000	-26.8%	200,000	-30.8%	0.89%	-18.2%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$8,339,000	-50.3%	31,200	-47.9%	0.76%	-44.5%
CAT	New	CATERPILLAR INCcall	$8,204,000	–	50,000	–	0.74%	–
XBI	Sell	SPDR SER TRs&p biotech	$7,932,000	-37.2%	100,000	-41.2%	0.72%	-29.8%
GME	New	GAMESTOP CORP NEWcall	$6,119,000	–	243,500	–	0.56%	–
	Sell	LUCID GROUP INCcall	$5,588,000	-64.6%	400,000	-56.5%	0.51%	-60.5%
ATI	Sell	ATI INC	$5,322,000	-21.9%	200,000	-33.3%	0.48%	-12.7%
KWEB	Sell	KRANESHARES TRcall	$4,558,000	-76.0%	185,000	-68.1%	0.41%	-73.2%
TDOC	New	TELADOC HEALTH INCcall	$3,803,000	–	150,000	–	0.34%	–
FSR	Buy	FISKER INCcall	$3,479,000	+16.0%	460,800	+31.7%	0.32%	+29.5%
ON	Sell	ON SEMICONDUCTOR CORPcall	$3,117,000	-50.9%	50,000	-60.3%	0.28%	-45.0%
	New	WOLFSPEED INCput	$3,101,000	–	30,000	–	0.28%	–
NKLA	New	NIKOLA CORPcall	$2,816,000	–	800,000	–	0.26%	–
	Buy	LUCID GROUP INCput	$2,724,000	+58.7%	195,000	+95.0%	0.25%	+77.7%
CLF	New	CLEVELAND-CLIFFS INC NEWcall	$2,694,000	–	200,000	–	0.24%	–
CHWY	New	CHEWY INCput	$2,396,000	–	78,000	–	0.22%	–
MPW	Buy	MEDICAL PPTYS TRUST INCput	$2,372,000	+55.3%	200,000	+100.0%	0.22%	+73.4%
CAT	Sell	CATERPILLAR INCput	$2,215,000	-58.7%	13,500	-55.0%	0.20%	-53.8%
TWTR	New	TWITTER INCput	$2,104,000	–	48,000	–	0.19%	–
MCHP	Sell	MICROCHIP TECHNOLOGY INC.put	$1,404,000	-75.8%	23,000	-77.0%	0.13%	-73.1%
FSR	Sell	FISKER INCput	$1,242,000	-27.5%	164,500	-17.8%	0.11%	-18.7%
TSLA	Sell	TESLA INCput	$1,061,000	-94.7%	4,000	-86.7%	0.10%	-94.1%
CHWY	New	CHEWY INCcall	$614,000	–	20,000	–	0.06%	–
GOEV	Exit	CANOO INC	$0	–	-4,350	–	-0.00%	–
ABEO	Exit	ABEONA THERAPEUTICS INC	$0	–	-92,409	–	-0.00%	–
MPW	Exit	MEDICAL PPTYS TRUST INC	$0	–	-10,000	–	-0.01%	–
TDOC	Exit	TELADOC HEALTH INC	$0	–	-14,500	–	-0.04%	–
GOEV	Exit	CANOO INCcall	$0	–	-280,000	–	-0.04%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-27,029	–	-0.06%	–
SPCE	Exit	VIRGIN GALACTIC HOLDINGS INCput	$0	–	-200,000	–	-0.10%	–
TWTR	Exit	TWITTER INC	$0	–	-48,700	–	-0.15%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-120,000	–	-0.17%	–
SPCE	Exit	VIRGIN GALACTIC HOLDINGS INCcall	$0	–	-400,000	–	-0.20%	–
AMZN	Exit	AMAZON COM INCcall	$0	–	-50,000	–	-0.43%	–
KWEB	Exit	KRANESHARES TRcsi chi internet	$0	–	-169,000	–	-0.45%	–
XLE	Exit	SELECT SECTOR SPDR TRput	$0	–	-100,000	–	-0.58%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-100,000	–	-0.58%	–
AAPL	Exit	APPLE INC	$0	–	-70,000	–	-0.78%	–
AAPL	Exit	APPLE INCcall	$0	–	-70,000	–	-0.78%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-750,000	–	-0.94%	–
AAPL	Exit	APPLE INCput	$0	–	-100,000	–	-1.11%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-195,400	–	-4.45%	–
QQQ	Exit	INVESCO QQQ TRcall	$0	–	-603,800	–	-13.74%	–

Q2 2022

			Value		Shares		↓ Weighting
QQQ	New	INVESCO QQQ TRcall	$169,233,000	–	603,800	–	13.74%	–
GLD	New	SPDR GOLD TR	$140,189,000	–	832,178	–	11.38%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$106,736,000	–	261	–	8.66%	–
GLD	New	SPDR GOLD TRcall	$92,653,000	–	550,000	–	7.52%	–
GLD	New	SPDR GOLD TRput	$67,384,000	–	400,000	–	5.47%	–
MU	New	MICRON TECHNOLOGY INC	$55,098,000	–	996,709	–	4.47%	–
QQQ	New	INVESCO QQQ TRput	$54,767,000	–	195,400	–	4.45%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$33,747,000	–	123,605	–	2.74%	–
CTVA	New	CORTEVA INC	$28,969,000	–	535,083	–	2.35%	–
COST	New	COSTCO WHSL CORP NEW	$24,322,000	–	50,746	–	1.98%	–
GOOGL	New	ALPHABET INCcap stk cl a	$20,919,000	–	9,599	–	1.70%	–
TSLA	New	TESLA INCput	$20,203,000	–	30,000	–	1.64%	–
ON	New	ON SEMICONDUCTOR CORPput	$20,124,000	–	400,000	–	1.63%	–
NEM	New	NEWMONT CORP	$19,789,000	–	331,642	–	1.61%	–
KWEB	New	KRANESHARES TRcall	$19,017,000	–	580,500	–	1.54%	–
COP	New	CONOCOPHILLIPS	$18,641,000	–	207,565	–	1.51%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$16,785,000	–	59,888	–	1.36%	–
	New	LUCID GROUP INCcall	$15,787,000	–	920,000	–	1.28%	–
COUR	New	COURSERA INC	$14,180,000	–	1,000,000	–	1.15%	–
AAPL	New	APPLE INCput	$13,672,000	–	100,000	–	1.11%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$13,375,000	–	288,947	–	1.09%	–
XBI	New	SPDR SER TRs&p biotech	$12,626,000	–	170,000	–	1.02%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$11,528,000	–	750,000	–	0.94%	–
TJX	New	TJX COS INC NEW	$11,222,000	–	200,923	–	0.91%	–
MPW	New	MEDICAL PPTYS TRUST INCcall	$10,796,000	–	707,000	–	0.88%	–
FE	New	FIRSTENERGY CORP	$10,709,000	–	278,962	–	0.87%	–
RGNX	New	REGENXBIO INC	$10,300,000	–	416,997	–	0.84%	–
AMZN	New	AMAZON COM INC	$10,183,000	–	95,880	–	0.83%	–
NVDA	New	NVIDIA CORPORATION	$9,776,000	–	64,492	–	0.79%	–
AAPL	New	APPLE INCcall	$9,570,000	–	70,000	–	0.78%	–
AAPL	New	APPLE INC	$9,570,000	–	70,000	–	0.78%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$9,443,000	–	124,195	–	0.77%	–
UBER	New	UBER TECHNOLOGIES INC	$9,395,000	–	459,212	–	0.76%	–
WMT	New	WALMART INC	$9,333,000	–	76,768	–	0.76%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$9,248,000	–	316,076	–	0.75%	–
MU	New	MICRON TECHNOLOGY INCcall	$8,292,000	–	150,000	–	0.67%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$7,151,000	–	100,000	–	0.58%	–
XLE	New	SELECT SECTOR SPDR TRput	$7,151,000	–	100,000	–	0.58%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$6,813,000	–	300,000	–	0.55%	–
ON	New	ON SEMICONDUCTOR CORPcall	$6,344,000	–	126,100	–	0.52%	–
GME	New	GAMESTOP CORP NEWput	$6,115,000	–	50,000	–	0.50%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.put	$5,808,000	–	100,000	–	0.47%	–
CNQ	New	CANADIAN NAT RES LTD	$5,534,000	–	103,084	–	0.45%	–
KWEB	New	KRANESHARES TRcsi chi internet	$5,536,000	–	169,000	–	0.45%	–
CAT	New	CATERPILLAR INCput	$5,363,000	–	30,000	–	0.44%	–
AMZN	New	AMAZON COM INCcall	$5,311,000	–	50,000	–	0.43%	–
MPC	New	MARATHON PETE CORP	$5,103,000	–	62,070	–	0.41%	–
RRC	New	RANGE RES CORP	$4,956,000	–	200,256	–	0.40%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$4,848,000	–	55,110	–	0.39%	–
HA	New	HAWAIIAN HOLDINGS INC	$3,821,000	–	267,021	–	0.31%	–
LUV	New	SOUTHWEST AIRLS CO	$3,443,000	–	95,334	–	0.28%	–
BA	New	BOEING CO	$3,272,000	–	23,932	–	0.27%	–
FSR	New	FISKER INCcall	$3,000,000	–	350,000	–	0.24%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$2,565,000	–	30,953	–	0.21%	–
SPCE	New	VIRGIN GALACTIC HOLDINGS INCcall	$2,408,000	–	400,000	–	0.20%	–
X	New	UNITED STATES STL CORP NEW	$2,149,000	–	120,000	–	0.17%	–
TWTR	New	TWITTER INC	$1,821,000	–	48,700	–	0.15%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$1,795,000	–	122,351	–	0.15%	–
FSR	New	FISKER INCput	$1,714,000	–	200,000	–	0.14%	–
	New	LUCID GROUP INCput	$1,716,000	–	100,000	–	0.14%	–
MPW	New	MEDICAL PPTYS TRUST INCput	$1,527,000	–	100,000	–	0.12%	–
NTLA	New	INTELLIA THERAPEUTICS INC	$1,379,000	–	26,646	–	0.11%	–
SPCE	New	VIRGIN GALACTIC HOLDINGS INCput	$1,204,000	–	200,000	–	0.10%	–
CRSP	New	CRISPR THERAPEUTICS AGnamen akt	$1,147,000	–	18,876	–	0.09%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$948,000	–	15,885	–	0.08%	–
DAL	New	DELTA AIR LINES INC DEL	$783,000	–	27,029	–	0.06%	–
WVE	New	WAVE LIFE SCIENCES LTD	$626,000	–	192,722	–	0.05%	–
GOEV	New	CANOO INCcall	$518,000	–	280,000	–	0.04%	–
TDOC	New	TELADOC HEALTH INC	$482,000	–	14,500	–	0.04%	–
EDIT	New	EDITAS MEDICINE INC	$341,000	–	28,797	–	0.03%	–
SGMO	New	SANGAMO THERAPEUTICS INC	$334,000	–	80,650	–	0.03%	–
SLN	New	SILENCE THERAPEUTICS PLCads	$296,000	–	25,000	–	0.02%	–
AFMD	New	AFFIMED N V	$277,000	–	100,000	–	0.02%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$197,000	–	115,602	–	0.02%	–
CLLS	New	CELLECTIS S Aspon ads	$144,000	–	50,907	–	0.01%	–
MPW	New	MEDICAL PPTYS TRUST INC	$153,000	–	10,000	–	0.01%	–
BLUE	New	BLUEBIRD BIO INC	$46,000	–	11,212	–	0.00%	–
ABEO	New	ABEONA THERAPEUTICS INC	$19,000	–	92,409	–	0.00%	–
GOEV	New	CANOO INC	$8,000	–	4,350	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
ABEO	Exit	ABEONA THERAPEUTICS INC	$0	–	-92,409	–	-0.01%	–
WVE	Exit	WAVE LIFE SCIENCES LTD	$0	–	-42,722	–	-0.02%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-11,212	–	-0.02%	–
VMEO	Exit	VIMEO INC	$0	–	-11,600	–	-0.04%	–
ADVM	Exit	ADVERUM BIOTECHNOLOGIES INC	$0	–	-188,616	–	-0.04%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-115,602	–	-0.06%	–
CLLS	Exit	CELLECTIS S Aspon ads	$0	–	-50,907	–	-0.07%	–
SGMO	Exit	SANGAMO THERAPEUTICS INC	$0	–	-80,650	–	-0.08%	–
Z	Exit	ZILLOW GROUP INCcl c cap stk	$0	–	-10,000	–	-0.09%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-27,029	–	-0.12%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-28,797	–	-0.12%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL IN	$0	–	-15,885	–	-0.15%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-15,706	–	-0.15%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-6,167	–	-0.18%	–
AMZN	Exit	AMAZON COM INC	$0	–	-542	–	-0.19%	–
AMC	Exit	AMC ENTMT HLDGS INCcall	$0	–	-50,000	–	-0.20%	–
CRSP	Exit	CRISPR THERAPEUTICS AGnamen akt	$0	–	-18,876	–	-0.22%	–
PRAA	Exit	PRA GROUP INC	$0	–	-51,007	–	-0.23%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-50,000	–	-0.24%	–
KSS	Exit	KOHLS CORPput	$0	–	-50,000	–	-0.25%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-30,953	–	-0.25%	–
WKHS	Exit	WORKHORSE GROUP INC	$0	–	-316,237	–	-0.26%	–
TWTR	Exit	TWITTER INCcall	$0	–	-50,000	–	-0.32%	–
WKHS	Exit	WORKHORSE GROUP INCput	$0	–	-400,000	–	-0.32%	–
FCX	Exit	FREEPORT-MCMORAN INCput	$0	–	-100,000	–	-0.34%	–
AMC	Exit	AMC ENTMT HLDGS INCput	$0	–	-90,000	–	-0.36%	–
NTLA	Exit	INTELLIA THERAPEUTICS INC	$0	–	-26,646	–	-0.38%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-190,134	–	-0.38%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-103,084	–	-0.40%	–
CAT	Exit	CATERPILLAR INCcall	$0	–	-20,000	–	-0.41%	–
MPW	Exit	MEDICAL PPTYS TRUST INCput	$0	–	-200,000	–	-0.42%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDG L	$0	–	-166,889	–	-0.47%	–
RRC	Exit	RANGE RES CORP	$0	–	-200,256	–	-0.48%	–
IAC	Exit	IAC INTERACTIVECORP NEW	$0	–	-36,764	–	-0.51%	–
NFLX	Exit	NETFLIX INC	$0	–	-8,000	–	-0.52%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-95,334	–	-0.52%	–
SPCE	Exit	VIRGIN GALACTIC HOLDINGS INCcall	$0	–	-200,000	–	-0.54%	–
BA	Exit	BOEING CO	$0	–	-23,932	–	-0.56%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-300,000	–	-0.63%	–
TWTR	Exit	TWITTER INCput	$0	–	-100,000	–	-0.64%	–
ANGI	Exit	ANGI INC	$0	–	-538,304	–	-0.70%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-59,237	–	-0.71%	–
GME	Exit	GAMESTOP CORP NEWput	$0	–	-40,000	–	-0.74%	–
HA	Exit	HAWAIIAN HOLDINGS INC	$0	–	-335,280	–	-0.77%	–
NEM	Exit	NEWMONT CORP	$0	–	-142,687	–	-0.82%	–
MPW	Exit	MEDICAL PPTYS TRUST INCcall	$0	–	-400,000	–	-0.85%	–
GLD	Exit	SPDR GOLD TRcall	$0	–	-50,000	–	-0.87%	–
RGNX	Exit	REGENXBIO INC	$0	–	-210,729	–	-0.94%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-575,000	–	-1.01%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-278,962	–	-1.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-152,565	–	-1.09%	–
WMT	Exit	WALMART INC	$0	–	-76,768	–	-1.13%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-187,985	–	-1.23%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-295,859	–	-1.40%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-159,773	–	-1.42%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-415,294	–	-1.43%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-301,926	–	-1.63%	–
TJX	Exit	TJX COS INC NEW	$0	–	-253,936	–	-1.77%	–
SPCE	Exit	VIRGIN GALACTIC HOLDINGS INCput	$0	–	-700,000	–	-1.87%	–
MU	Exit	MICRON TECHNOLOGY INCput	$0	–	-255,000	–	-1.92%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-416,783	–	-2.00%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-56,000	–	-2.12%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-50,746	–	-2.41%	–
CTVA	Exit	CORTEVA INC	$0	–	-654,352	–	-2.91%	–
TWTR	Exit	TWITTER INC	$0	–	-505,222	–	-3.23%	–
GLD	Exit	SPDR GOLD TRput	$0	–	-200,000	–	-3.48%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-164,492	–	-3.60%	–
HMHC	Exit	HOUGHTON MIFFLIN HARCOURT CO	$0	–	-2,540,586	–	-3.61%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-1,148,943	–	-8.63%	–
GLD	Exit	SPDR GOLD TR	$0	–	-517,578	–	-8.99%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-33,237	–	-9.40%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-346	–	-15.06%	–

Q3 2021

			Value		Shares		↓ Weighting
MU	Buy	MICRON TECHNOLOGY INC	$81,552,000	-10.2%	1,148,943	+7.5%	8.63%	-3.7%
HMHC	Sell	HOUGHTON MIFFLIN HARCOURT CO	$34,120,000	+14.5%	2,540,586	-5.9%	3.61%	+22.7%
NVDA	Buy	NVIDIA CORPORATION	$34,076,000	+3.6%	164,492	+300.0%	3.60%	+11.1%
GLD	New	SPDR GOLD TRput	$32,844,000	–	200,000	–	3.48%	–
CTVA	Sell	CORTEVA INC	$27,535,000	-11.9%	654,352	-7.1%	2.91%	-5.5%
QQQ	Buy	INVESCO QQQ TRput	$20,046,000	+25.7%	56,000	+24.4%	2.12%	+34.8%
MU	Buy	MICRON TECHNOLOGY INCput	$18,100,000	+326.0%	255,000	+410.0%	1.92%	+357.0%
SPCE	New	VIRGIN GALACTIC HOLDINGS INCput	$17,710,000	–	700,000	–	1.87%	–
FCX	Sell	FREEPORT-MCMORAN INCcl b	$13,510,000	-52.4%	415,294	-45.7%	1.43%	-49.0%
UBER	Buy	UBER TECHNOLOGIES INC	$13,254,000	+22.5%	295,859	+37.1%	1.40%	+31.4%
RGNX	Sell	REGENXBIO INC	$8,834,000	-12.8%	210,729	-19.2%	0.94%	-6.4%
GLD	New	SPDR GOLD TRcall	$8,211,000	–	50,000	–	0.87%	–
MPW	New	MEDICAL PPTYS TRUST INCcall	$8,028,000	–	400,000	–	0.85%	–
GME	Buy	GAMESTOP CORP NEWput	$7,019,000	+9.3%	40,000	+33.3%	0.74%	+17.2%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$6,720,000	-32.9%	59,237	-38.3%	0.71%	-28.0%
TWTR	Sell	TWITTER INCput	$6,039,000	-61.8%	100,000	-56.5%	0.64%	-59.1%
CLF	New	CLEVELAND-CLIFFS INC NEW	$5,943,000	–	300,000	–	0.63%	–
SPCE	New	VIRGIN GALACTIC HOLDINGS INCcall	$5,060,000	–	200,000	–	0.54%	–
RRC	Sell	RANGE RES CORP	$4,532,000	-9.9%	200,256	-33.3%	0.48%	-3.2%
NCLH	Sell	NORWEGIAN CRUISE LINE HLDG L	$4,458,000	-47.5%	166,889	-42.2%	0.47%	-43.6%
MPW	New	MEDICAL PPTYS TRUST INCput	$4,014,000	–	200,000	–	0.42%	–
CAT	New	CATERPILLAR INCcall	$3,839,000	–	20,000	–	0.41%	–
ASA	Sell	ASA GOLD AND PRECIOUS MTLS L	$3,592,000	-16.1%	190,134	-4.2%	0.38%	-10.0%
AMC	New	AMC ENTMT HLDGS INCput	$3,425,000	–	90,000	–	0.36%	–
FCX	New	FREEPORT-MCMORAN INCput	$3,253,000	–	100,000	–	0.34%	–
WKHS	Buy	WORKHORSE GROUP INCput	$3,060,000	+84.4%	400,000	+300.0%	0.32%	+97.6%
TWTR	New	TWITTER INCcall	$3,020,000	–	50,000	–	0.32%	–
WKHS	Buy	WORKHORSE GROUP INC	$2,419,000	-51.6%	316,237	+5.1%	0.26%	-48.1%
KSS	New	KOHLS CORPput	$2,355,000	–	50,000	–	0.25%	–
UBER	New	UBER TECHNOLOGIES INCcall	$2,240,000	–	50,000	–	0.24%	–
PRAA	Sell	PRA GROUP INC	$2,149,000	-31.9%	51,007	-37.8%	0.23%	-27.0%
AMC	New	AMC ENTMT HLDGS INCcall	$1,903,000	–	50,000	–	0.20%	–
AMZN	Sell	AMAZON COM INC	$1,780,000	-40.3%	542	-37.5%	0.19%	-36.1%
SRPT	Sell	SAREPTA THERAPEUTICS INC	$1,452,000	-26.7%	15,706	-38.4%	0.15%	-21.0%
DAL	Sell	DELTA AIR LINES INC DEL	$1,152,000	-43.0%	27,029	-42.1%	0.12%	-38.7%
Z	New	ZILLOW GROUP INCcl c cap stk	$881,000	–	10,000	–	0.09%	–
ADVM	Sell	ADVERUM BIOTECHNOLOGIES INC	$409,000	-62.0%	188,616	-38.6%	0.04%	-59.4%
VMEO	Sell	VIMEO INC	$341,000	-65.2%	11,600	-42.0%	0.04%	-62.9%
NKLA	Exit	NIKOLA CORP	$0	–	-10,000	–	-0.02%	–
TAL	Exit	TAL EDUCATION GROUPput	$0	–	-50,000	–	-0.12%	–
RIDE	Exit	LORDSTOWN MOTORS CORP	$0	–	-209,500	–	-0.23%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-87,199	–	-0.28%	–
WKHS	Exit	WORKHORSE GROUP INCcall	$0	–	-180,000	–	-0.30%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-48,301	–	-0.30%	–
FSR	Exit	FISKER INCput	$0	–	-200,000	–	-0.38%	–
RIDE	Exit	LORDSTOWN MOTORS CORPcall	$0	–	-383,000	–	-0.42%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-20,000	–	-0.42%	–
FSR	Exit	FISKER INC	$0	–	-280,000	–	-0.53%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-153,573	–	-0.69%	–
IWM	Exit	ISHARES TRput	$0	–	-47,000	–	-1.06%	–
SAFM	Exit	SANDERSON FARMS INC	$0	–	-62,891	–	-1.17%	–
YELP	Exit	YELP INCcall	$0	–	-300,000	–	-1.18%	–
SC	Exit	SANTANDER CONSUMER USA HLDGS	$0	–	-570,032	–	-2.04%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-250,000	–	-2.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELput	$0	–	-100,000	–	-2.74%	–

Q2 2021

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$144,836,000	–	346	–	14.29%	–
MU	New	MICRON TECHNOLOGY INC	$90,839,000	–	1,068,943	–	8.96%	–
GLD	New	SPDR GOLD TR	$85,726,000	–	517,578	–	8.46%	–
GOOGL	New	ALPHABET INCcap stk cl a	$81,158,000	–	33,237	–	8.01%	–
TWTR	New	TWITTER INC	$34,764,000	–	505,222	–	3.43%	–
NVDA	New	NVIDIA CORPORATION	$32,903,000	–	41,123	–	3.25%	–
CTVA	New	CORTEVA INC	$31,238,000	–	704,352	–	3.08%	–
HMHC	New	HOUGHTON MIFFLIN HARCOURT CO	$29,808,000	–	2,700,000	–	2.94%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$28,400,000	–	765,294	–	2.80%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELput	$27,792,000	–	100,000	–	2.74%	–
MU	New	MICRON TECHNOLOGY INCcall	$21,245,000	–	250,000	–	2.10%	–
SC	New	SANTANDER CONSUMER USA HLDGS	$20,704,000	–	570,032	–	2.04%	–
COST	New	COSTCO WHSL CORP NEW	$20,079,000	–	50,746	–	1.98%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$18,113,000	–	416,783	–	1.79%	–
TJX	New	TJX COS INC NEW	$17,120,000	–	253,936	–	1.69%	–
QQQ	New	INVESCO QQQ TRput	$15,949,000	–	45,000	–	1.57%	–
TWTR	New	TWITTER INCput	$15,826,000	–	230,000	–	1.56%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$13,726,000	–	301,926	–	1.35%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$12,616,000	–	159,773	–	1.24%	–
YELP	New	YELP INCcall	$11,988,000	–	300,000	–	1.18%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$11,989,000	–	575,000	–	1.18%	–
SAFM	New	SANDERSON FARMS INC	$11,822,000	–	62,891	–	1.17%	–
MPC	New	MARATHON PETE CORP	$11,358,000	–	187,985	–	1.12%	–
WMT	New	WALMART INC	$10,826,000	–	76,768	–	1.07%	–
UBER	New	UBER TECHNOLOGIES INC	$10,819,000	–	215,859	–	1.07%	–
IWM	New	ISHARES TRput	$10,780,000	–	47,000	–	1.06%	–
FE	New	FIRSTENERGY CORP	$10,380,000	–	278,962	–	1.02%	–
RGNX	New	REGENXBIO INC	$10,129,000	–	260,729	–	1.00%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$10,018,000	–	95,936	–	0.99%	–
COP	New	CONOCOPHILLIPS	$9,291,000	–	152,565	–	0.92%	–
NEM	New	NEWMONT CORP	$9,044,000	–	142,687	–	0.89%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$8,486,000	–	288,532	–	0.84%	–
HA	New	HAWAIIAN HOLDINGS INC	$8,171,000	–	335,280	–	0.81%	–
ANGI	New	ANGI INC	$7,278,000	–	538,304	–	0.72%	–
WFC	New	WELLS FARGO CO NEW	$6,955,000	–	153,573	–	0.69%	–
GME	New	GAMESTOP CORP NEWput	$6,424,000	–	30,000	–	0.63%	–
BA	New	BOEING CO	$5,733,000	–	23,932	–	0.57%	–
IAC	New	IAC INTERACTIVECORP NEW	$5,668,000	–	36,764	–	0.56%	–
FSR	New	FISKER INC	$5,398,000	–	280,000	–	0.53%	–
LUV	New	SOUTHWEST AIRLS CO	$5,061,000	–	95,334	–	0.50%	–
RRC	New	RANGE RES CORP	$5,032,000	–	300,256	–	0.50%	–
WKHS	New	WORKHORSE GROUP INC	$4,994,000	–	301,000	–	0.49%	–
NTLA	New	INTELLIA THERAPEUTICS INC	$4,314,000	–	26,646	–	0.43%	–
GME	New	GAMESTOP CORP NEWcl a	$4,283,000	–	20,000	–	0.42%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$4,280,000	–	198,439	–	0.42%	–
MU	New	MICRON TECHNOLOGY INCput	$4,249,000	–	50,000	–	0.42%	–
RIDE	New	LORDSTOWN MOTORS CORPcall	$4,236,000	–	383,000	–	0.42%	–
NFLX	New	NETFLIX INC	$4,226,000	–	8,000	–	0.42%	–
FSR	New	FISKER INCput	$3,856,000	–	200,000	–	0.38%	–
CNQ	New	CANADIAN NAT RES LTD	$3,740,000	–	103,084	–	0.37%	–
PRAA	New	PRA GROUP INC	$3,156,000	–	82,048	–	0.31%	–
CRSP	New	CRISPR THERAPEUTICS AGnamen akt	$3,056,000	–	18,876	–	0.30%	–
XOM	New	EXXON MOBIL CORP	$3,047,000	–	48,301	–	0.30%	–
WKHS	New	WORKHORSE GROUP INCcall	$2,986,000	–	180,000	–	0.30%	–
AMZN	New	AMAZON COM INC	$2,983,000	–	867	–	0.29%	–
SLB	New	SCHLUMBERGER LTD	$2,791,000	–	87,199	–	0.28%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$2,583,000	–	30,953	–	0.26%	–
RIDE	New	LORDSTOWN MOTORS CORP	$2,317,000	–	209,500	–	0.23%	–
DAL	New	DELTA AIR LINES INC DEL	$2,021,000	–	46,711	–	0.20%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$1,981,000	–	25,485	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,714,000	–	6,167	–	0.17%	–
WKHS	New	WORKHORSE GROUP INCput	$1,659,000	–	100,000	–	0.16%	–
EDIT	New	EDITAS MEDICINE INC	$1,631,000	–	28,797	–	0.16%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$1,515,000	–	15,885	–	0.15%	–
TAL	New	TAL EDUCATION GROUPput	$1,262,000	–	50,000	–	0.12%	–
ADVM	New	ADVERUM BIOTECHNOLOGIES INC	$1,076,000	–	307,442	–	0.11%	–
VMEO	New	VIMEO INC	$980,000	–	20,000	–	0.10%	–
SGMO	New	SANGAMO THERAPEUTICS INC	$965,000	–	80,650	–	0.10%	–
CLLS	New	CELLECTIS S Aspon ads	$788,000	–	50,907	–	0.08%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$492,000	–	115,602	–	0.05%	–
BLUE	New	BLUEBIRD BIO INC	$359,000	–	11,212	–	0.04%	–
WVE	New	WAVE LIFE SCIENCES LTD	$285,000	–	42,722	–	0.03%	–
NKLA	New	NIKOLA CORP	$181,000	–	10,000	–	0.02%	–
ABEO	New	ABEONA THERAPEUTICS INC	$144,000	–	92,409	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
ABEO	Exit	ABEONA THERAPEUTICS INC	$0	–	-97,173	–	-0.01%	–
WVE	Exit	WAVE LIFE SCIENCES LTD	$0	–	-44,816	–	-0.04%	–
ETM	Exit	ENTERCOM COMMUNICATIONS CORPcl a	$0	–	-329,694	–	-0.06%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-11,783	–	-0.07%	–
UBER	Exit	UBER TECHNOLOGIES INCcall	$0	–	-20,000	–	-0.08%	–
SGMO	Exit	SANGAMO THERAPEUTICS INC	$0	–	-84,811	–	-0.09%	–
NTLA	Exit	INTELLIA THERAPEUTICS INC	$0	–	-42,018	–	-0.09%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-30,263	–	-0.09%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-87,205	–	-0.09%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-121,543	–	-0.10%	–
CLLS	Exit	CELLECTIS S Aspon ads	$0	–	-53,506	–	-0.11%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL IN	$0	–	-16,692	–	-0.15%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-91,300	–	-0.15%	–
CRSP	Exit	CRISPR THERAPEUTICS AGnamen akt	$0	–	-19,840	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-50,292	–	-0.19%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-119,179	–	-0.23%	–
RRC	Exit	RANGE RES CORP	$0	–	-343,371	–	-0.24%	–
AAPL	Exit	APPLE INCput	$0	–	-20,000	–	-0.25%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-32,406	–	-0.27%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-80,000	–	-0.40%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-134,447	–	-0.43%	–
PRAA	Exit	PRA GROUP INC	$0	–	-100,000	–	-0.43%	–
DT	Exit	DYNATRACE INCput	$0	–	-100,000	–	-0.44%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-29,276	–	-0.44%	–
IAC	Exit	IAC INTERACTIVECORP NEW	$0	–	-40,000	–	-0.52%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-227,557	–	-0.52%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-232,373	–	-0.59%	–
NEWR	Exit	NEW RELIC INCput	$0	–	-100,000	–	-0.61%	–
AAPL	Exit	APPLE INC	$0	–	-50,800	–	-0.64%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-159,207	–	-0.64%	–
TWTR	Exit	TWITTER INCput	$0	–	-150,000	–	-0.72%	–
ANGI	Exit	ANGI HOMESERVICES INC	$0	–	-623,849	–	-0.75%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-196,333	–	-0.78%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-110,514	–	-0.79%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-210,000	–	-0.83%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-247,426	–	-0.88%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-941,201	–	-0.88%	–
ADVM	Exit	ADVERUM BIOTECHNOLOGIES INC	$0	–	-858,000	–	-0.95%	–
HMHC	Exit	HOUGHTON MIFFLIN HARCOURT CO	$0	–	-5,198,211	–	-0.97%	–
DDOG	Exit	DATADOG INCput	$0	–	-90,000	–	-0.99%	–
CVNA	Exit	CARVANA COcl a	$0	–	-44,285	–	-1.06%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-650,000	–	-1.10%	–
NVDA	Exit	NVIDIA CORPORATIONput	$0	–	-19,200	–	-1.12%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,574	–	-1.21%	–
WMT	Exit	WALMART INC	$0	–	-80,431	–	-1.21%	–
RGNX	Exit	REGENXBIO INC	$0	–	-436,828	–	-1.30%	–
SAFM	Exit	SANDERSON FARMS INC	$0	–	-103,153	–	-1.31%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-300,000	–	-1.32%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-479,883	–	-1.62%	–
TJX	Exit	TJX COS INC NEW	$0	–	-292,294	–	-1.75%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-934,000	–	-1.83%	–
GLD	Exit	SPDR GOLD TRput	$0	–	-100,000	–	-1.91%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-53,137	–	-2.04%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-37,792	–	-2.21%	–
KMX	Exit	CARMAX INC	$0	–	-244,180	–	-2.42%	–
GLD	Exit	SPDR GOLD TRcall	$0	–	-137,600	–	-2.63%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELput	$0	–	-120,000	–	-2.76%	–
TWTR	Exit	TWITTER INC	$0	–	-810,292	–	-3.89%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-829,752	–	-4.20%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-30,164	–	-4.77%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-325,627	–	-7.48%	–
GLD	Exit	SPDR GOLD TR	$0	–	-880,136	–	-16.81%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-503	–	-17.36%	–

Q3 2020

			Value		Shares		↓ Weighting
GLD	Buy	SPDR GOLD TR	$155,890,000	+47.8%	880,136	+39.7%	16.81%	+30.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$69,339,000	-18.7%	325,627	-31.8%	7.48%	-28.4%
MU	Sell	MICRON TECHNOLOGY INC	$38,965,000	-18.1%	829,752	-10.1%	4.20%	-27.9%
TWTR	Buy	TWITTER INC	$36,058,000	+152.0%	810,292	+68.7%	3.89%	+121.7%
BRKB	New	BERKSHIRE HATHAWAY INC DELput	$25,553,000	–	120,000	–	2.76%	–
KMX	Buy	CARMAX INC	$22,443,000	+39.9%	244,180	+36.3%	2.42%	+23.1%
GLD	Buy	SPDR GOLD TRput	$17,712,000	+23.2%	100,000	+16.4%	1.91%	+8.3%
SC	Buy	SANTANDER CONSUMER USA HDG I	$16,989,000	+31.5%	934,000	+33.0%	1.83%	+15.6%
FNF	Buy	FIDELITY NATIONAL FINANCIAL	$15,025,000	+14.0%	479,883	+11.6%	1.62%	+0.3%
KNX	Buy	KNIGHT SWIFT TRANSN HLDGS INcl a	$12,210,000	+103.5%	300,000	+108.6%	1.32%	+78.9%
SAFM	Buy	SANDERSON FARMS INC	$12,169,000	+12.7%	103,153	+10.7%	1.31%	-0.8%
AMZN	Sell	AMAZON COM INC	$11,254,000	-24.3%	3,574	-33.7%	1.21%	-33.4%
NVDA	New	NVIDIA CORPORATIONput	$10,391,000	–	19,200	–	1.12%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$10,166,000	–	650,000	–	1.10%	–
CVNA	Sell	CARVANA COcl a	$9,878,000	+4.2%	44,285	-43.8%	1.06%	-8.3%
DDOG	New	DATADOG INCput	$9,194,000	–	90,000	–	0.99%	–
HMHC	Sell	HOUGHTON MIFFLIN HARCOURT CO	$8,993,000	-17.4%	5,198,211	-13.6%	0.97%	-27.3%
ADVM	Buy	ADVERUM BIOTECHNOLOGIES INC	$8,837,000	-39.8%	858,000	+22.0%	0.95%	-47.1%
COP	Sell	CONOCOPHILLIPS	$8,125,000	-32.7%	247,426	-13.9%	0.88%	-40.9%
UBER	Buy	UBER TECHNOLOGIES INC	$7,661,000	+472.6%	210,000	+387.9%	0.83%	+403.7%
TWTR	New	TWITTER INCput	$6,675,000	–	150,000	–	0.72%	–
AAPL	New	APPLE INC	$5,883,000	–	50,800	–	0.64%	–
NEWR	New	NEW RELIC INCput	$5,636,000	–	100,000	–	0.61%	–
IAC	New	IAC INTERACTIVECORP NEW	$4,791,000	–	40,000	–	0.52%	–
SRPT	Sell	SAREPTA THERAPEUTICS INC	$4,111,000	-37.9%	29,276	-29.1%	0.44%	-45.4%
DT	New	DYNATRACE INCput	$4,102,000	–	100,000	–	0.44%	–
PRAA	Sell	PRA GROUP INC	$3,995,000	-19.9%	100,000	-22.5%	0.43%	-29.5%
MU	Sell	MICRON TECHNOLOGY INCcall	$3,757,000	-27.1%	80,000	-20.0%	0.40%	-35.9%
AAPL	New	APPLE INCput	$2,316,000	–	20,000	–	0.25%	–
RRC	Sell	RANGE RES CORP	$2,273,000	-4.7%	343,371	-18.9%	0.24%	-16.1%
UBER	New	UBER TECHNOLOGIES INCcall	$730,000	–	20,000	–	0.08%	–
CVNA	Exit	CARVANA COput	$0	–	-76,600	–	-1.13%	–
MU	Exit	MICRON TECHNOLOGY INCput	$0	–	-234,300	–	-1.48%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-171,900	–	-5.22%	–

Q2 2020

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$134,452,000	–	503	–	16.48%	–
GLD	New	SPDR GOLD TR	$105,466,000	–	630,136	–	12.93%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$85,236,000	–	477,486	–	10.45%	–
MU	New	MICRON TECHNOLOGY INC	$47,576,000	–	923,452	–	5.83%	–
GOOGL	New	ALPHABET INCcap stk cl a	$42,774,000	–	30,164	–	5.24%	–
QQQ	New	INVESCO QQQ TRput	$42,562,000	–	171,900	–	5.22%	–
GLD	New	SPDR GOLD TRcall	$23,030,000	–	137,600	–	2.82%	–
COST	New	COSTCO WHSL CORP NEW	$16,112,000	–	53,137	–	1.98%	–
RGNX	New	REGENXBIO INC	$16,088,000	–	436,828	–	1.97%	–
KMX	New	CARMAX INC	$16,046,000	–	179,180	–	1.97%	–
AMZN	New	AMAZON COM INC	$14,876,000	–	5,392	–	1.82%	–
TJX	New	TJX COS INC NEW	$14,778,000	–	292,294	–	1.81%	–
ADVM	New	ADVERUM BIOTECHNOLOGIES INC	$14,679,000	–	703,000	–	1.80%	–
GLD	New	SPDR GOLD TRput	$14,377,000	–	85,900	–	1.76%	–
NVDA	New	NVIDIA CORPORATION	$14,358,000	–	37,792	–	1.76%	–
TWTR	New	TWITTER INC	$14,308,000	–	480,292	–	1.75%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$13,180,000	–	429,883	–	1.62%	–
SC	New	SANTANDER CONSUMER USA HDG I	$12,924,000	–	702,000	–	1.58%	–
COP	New	CONOCOPHILLIPS	$12,078,000	–	287,426	–	1.48%	–
MU	New	MICRON TECHNOLOGY INCput	$12,071,000	–	234,300	–	1.48%	–
HMHC	New	HOUGHTON MIFFLIN HARCOURT CO	$10,890,000	–	6,016,377	–	1.34%	–
SAFM	New	SANDERSON FARMS INC	$10,796,000	–	93,153	–	1.32%	–
WMT	New	WALMART INC	$9,634,000	–	80,431	–	1.18%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$9,591,000	–	941,201	–	1.18%	–
CVNA	New	CARVANA COcl a	$9,478,000	–	78,853	–	1.16%	–
CVNA	New	CARVANA COput	$9,207,000	–	76,600	–	1.13%	–
ANGI	New	ANGI HOMESERVICES INC	$7,580,000	–	623,849	–	0.93%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$7,378,000	–	110,514	–	0.90%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$6,793,000	–	196,333	–	0.83%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$6,618,000	–	41,276	–	0.81%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$5,999,000	–	143,824	–	0.74%	–
WFC	New	WELLS FARGO CO NEW	$5,949,000	–	232,373	–	0.73%	–
LUV	New	SOUTHWEST AIRLS CO	$5,442,000	–	159,207	–	0.67%	–
MU	New	MICRON TECHNOLOGY INCcall	$5,152,000	–	100,000	–	0.63%	–
MPC	New	MARATHON PETE CORP	$5,026,000	–	134,447	–	0.62%	–
PRAA	New	PRA GROUP INC	$4,986,000	–	128,980	–	0.61%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$3,997,000	–	32,406	–	0.49%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$3,987,000	–	227,557	–	0.49%	–
RRC	New	RANGE RES CORP	$2,384,000	–	423,371	–	0.29%	–
XOM	New	EXXON MOBIL CORP	$2,249,000	–	50,292	–	0.28%	–
CPRI	New	CAPRI HOLDINGS LIMITED	$1,863,000	–	119,179	–	0.23%	–
SLB	New	SCHLUMBERGER LTD	$1,679,000	–	91,300	–	0.21%	–
CRSP	New	CRISPR THERAPEUTICS AGnamen akt	$1,458,000	–	19,840	–	0.18%	–
UBER	New	UBER TECHNOLOGIES INC	$1,338,000	–	43,046	–	0.16%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$1,306,000	–	16,692	–	0.16%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$1,217,000	–	121,543	–	0.15%	–
LPI	New	LAREDO PETROLEUM INC	$1,209,000	–	87,205	–	0.15%	–
CLLS	New	CELLECTIS S Aspon ads	$952,000	–	53,506	–	0.12%	–
EDIT	New	EDITAS MEDICINE INC	$895,000	–	30,263	–	0.11%	–
NTLA	New	INTELLIA THERAPEUTICS INC	$883,000	–	42,018	–	0.11%	–
SGMO	New	SANGAMO THERAPEUTICS INC	$760,000	–	84,811	–	0.09%	–
BLUE	New	BLUEBIRD BIO INC	$719,000	–	11,783	–	0.09%	–
WVE	New	WAVE LIFE SCIENCES LTD	$467,000	–	44,816	–	0.06%	–
ETM	New	ENTERCOM COMMUNICATIONS CORPcl a	$455,000	–	329,694	–	0.06%	–
ABEO	New	ABEONA THERAPEUTICS INC	$283,000	–	97,173	–	0.04%	–

Q4 2019

			Value		Shares		↓ Weighting
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-149,507	–	-0.02%	–
ABEO	Exit	ABEONA THERAPEUTICS INC	$0	–	-119,493	–	-0.02%	–
CLLS	Exit	CELLECTIS S Asponsored ads	$0	–	-65,861	–	-0.05%	–
NTLA	Exit	INTELLIA THERAPEUTICS INC	$0	–	-51,700	–	-0.05%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-37,259	–	-0.07%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL IN	$0	–	-20,553	–	-0.07%	–
SGMO	Exit	SANGAMO THERAPEUTICS INC	$0	–	-104,288	–	-0.07%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-22,100	–	-0.08%	–
CRSP	Exit	CRISPR THERAPEUTICS AGnamen akt	$0	–	-24,420	–	-0.08%	–
WVE	Exit	WAVE LIFE SCIENCES LTD	$0	–	-55,376	–	-0.09%	–
ETM	Exit	ENTERCOM COMMUNICATIONS CORPcl a	$0	–	-390,815	–	-0.10%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-14,507	–	-0.10%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-40,196	–	-0.21%	–
ADVM	Exit	ADVERUM BIOTECHNOLOGIES INC	$0	–	-575,645	–	-0.24%	–
CVNA	Exit	CARVANA COput	$0	–	-50,000	–	-0.26%	–
BOLD	Exit	AUDENTES THERAPEUTICS INC	$0	–	-118,421	–	-0.26%	–
YELP	Exit	YELP INCput	$0	–	-100,000	–	-0.27%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-115,265	–	-0.31%	–
GLD	Exit	SPDR GOLD TRUSTcall	$0	–	-30,000	–	-0.32%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-60,201	–	-0.33%	–
MU	Exit	MICRON TECHNOLOGY INCput	$0	–	-100,000	–	-0.34%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-76,876	–	-0.37%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-67,002	–	-0.39%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-2,100,943	–	-0.40%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INCput	$0	–	-50,000	–	-0.41%	–
CPRI	Exit	CAPRI HOLDINGS LIMITED	$0	–	-170,108	–	-0.44%	–
RRC	Exit	RANGE RES CORP	$0	–	-1,526,936	–	-0.46%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-502,673	–	-0.47%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-177,960	–	-0.50%	–
AMZN	Exit	AMAZON COM INC	$0	–	-4,116	–	-0.56%	–
GIII	Exit	G-III APPAREL GROUP LTD	$0	–	-284,390	–	-0.57%	–
DXCM	Exit	DEXCOM INCcall	$0	–	-50,000	–	-0.58%	–
URBN	Exit	URBAN OUTFITTERS INC	$0	–	-266,844	–	-0.58%	–
NVDA	Exit	NVIDIA CORP	$0	–	-46,358	–	-0.63%	–
UNP	Exit	UNION PACIFIC CORPput	$0	–	-50,000	–	-0.63%	–
PRAA	Exit	PRA GROUP INC	$0	–	-244,447	–	-0.64%	–
Z	Exit	ZILLOW GROUP INCcl c cap stk	$0	–	-322,845	–	-0.75%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-58,400	–	-0.76%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-167,428	–	-0.79%	–
WMT	Exit	WALMART INC	$0	–	-98,077	–	-0.91%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-206,778	–	-0.93%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-214,553	–	-0.95%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-161,403	–	-1.03%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-100,000	–	-1.31%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-62,613	–	-1.41%	–
TJX	Exit	TJX COS INC NEW	$0	–	-339,002	–	-1.48%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-103,500	–	-1.53%	–
BABA	Exit	ALIBABA GROUP HLDG LTDput	$0	–	-120,000	–	-1.57%	–
AAPL	Exit	APPLE INC	$0	–	-91,565	–	-1.60%	–
KMX	Exit	CARMAX INC	$0	–	-320,912	–	-2.20%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-631,741	–	-2.49%	–
RGNX	Exit	REGENXBIO INC	$0	–	-957,965	–	-2.66%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-1,697,050	–	-2.68%	–
HMHC	Exit	HOUGHTON MIFFLIN HARCOURT CO	$0	–	-6,892,785	–	-2.87%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-459,341	–	-2.93%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-189,508	–	-3.08%	–
CVNA	Exit	CARVANA COcl a	$0	–	-687,078	–	-3.54%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-889,470	–	-3.75%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-1,219,704	–	-4.08%	–
AAPL	Exit	APPLE INCput	$0	–	-250,000	–	-4.37%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-74,864	–	-7.14%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-761,840	–	-8.26%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-983	–	-23.93%	–

Q3 2019

			Value		Shares		↓ Weighting
GLD	Sell	SPDR GOLD TRUST	$105,797,000	-19.8%	761,840	-23.1%	8.26%	-3.4%
GOOGL	Buy	ALPHABET INCcap stk cl a	$91,419,000	+34.7%	74,864	+19.5%	7.14%	+62.2%
AAPL	New	APPLE INCput	$55,993,000	–	250,000	–	4.37%	–
MU	Sell	MICRON TECHNOLOGY INC	$52,264,000	-4.3%	1,219,704	-13.8%	4.08%	+15.2%
LUV	Sell	SOUTHWEST AIRLS CO	$48,040,000	-5.8%	889,470	-11.5%	3.75%	+13.4%
CVNA	Sell	CARVANA COcl a	$45,347,000	-4.7%	687,078	-9.6%	3.54%	+14.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$39,421,000	-72.3%	189,508	-71.6%	3.08%	-66.7%
RHP	Sell	RYMAN HOSPITALITY PPTYS INC	$37,579,000	-8.9%	459,341	-9.7%	2.93%	+9.7%
HMHC	Buy	HOUGHTON MIFFLIN HARCOURT CO	$36,739,000	-6.5%	6,892,785	+1.1%	2.87%	+12.6%
ATI	Sell	ALLEGHENY TECHNOLOGIES INC	$34,365,000	-27.6%	1,697,050	-9.9%	2.68%	-12.8%
RGNX	Sell	REGENXBIO INC	$34,104,000	-33.6%	957,965	-4.2%	2.66%	-20.0%
WFC	Sell	WELLS FARGO CO NEW	$31,865,000	-3.9%	631,741	-9.8%	2.49%	+15.8%
KMX	Sell	CARMAX INC	$28,240,000	-8.5%	320,912	-9.7%	2.20%	+10.2%
AAPL	Sell	APPLE INC	$20,508,000	-9.3%	91,565	-19.9%	1.60%	+9.2%
BABA	New	ALIBABA GROUP HLDG LTDput	$20,068,000	–	120,000	–	1.57%	–
QQQ	New	INVESCO QQQ TRput	$19,542,000	–	103,500	–	1.53%	–
TJX	Sell	TJX COS INC NEW	$18,896,000	-5.4%	339,002	-10.3%	1.48%	+13.9%
COST	Sell	COSTCO WHSL CORP NEW	$18,039,000	-1.9%	62,613	-10.0%	1.41%	+18.0%
BABA	New	ALIBABA GROUP HLDG LTDcall	$16,723,000	–	100,000	–	1.31%	–
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$13,224,000	-8.5%	161,403	-9.9%	1.03%	+10.1%
COP	Sell	CONOCOPHILLIPS	$12,225,000	-16.2%	214,553	-10.2%	0.95%	+0.8%
DAL	Sell	DELTA AIR LINES INC DEL	$11,910,000	-9.0%	206,778	-10.3%	0.93%	+9.5%
WMT	Sell	WALMART INC	$11,640,000	-3.2%	98,077	-9.8%	0.91%	+16.7%
MPC	Sell	MARATHON PETE CORP	$10,171,000	-2.5%	167,428	-10.3%	0.79%	+17.3%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$9,766,000	–	58,400	–	0.76%	–
Z	Buy	ZILLOW GROUP INCcl c cap stk	$9,627,000	+3.8%	322,845	+61.4%	0.75%	+24.9%
PRAA	Sell	PRA GROUP INC	$8,260,000	-45.1%	244,447	-54.3%	0.64%	-33.9%
NVDA	Sell	NVIDIA CORP	$8,070,000	-4.5%	46,358	-9.9%	0.63%	+15.0%
URBN	Sell	URBAN OUTFITTERS INC	$7,496,000	+11.1%	266,844	-10.1%	0.58%	+33.6%
DXCM	New	DEXCOM INCcall	$7,462,000	–	50,000	–	0.58%	–
GIII	Sell	G-III APPAREL GROUP LTD	$7,329,000	-21.2%	284,390	-10.0%	0.57%	-5.1%
AMZN	Sell	AMAZON COM INC	$7,145,000	-16.9%	4,116	-9.3%	0.56%	+0.2%
KNX	Sell	KNIGHT SWIFT TRANSN HLDGS INcl a	$6,460,000	-0.4%	177,960	-9.9%	0.50%	+19.7%
ASA	Sell	ASA GOLD AND PRECIOUS MTLS L	$6,042,000	-22.6%	502,673	-26.4%	0.47%	-6.9%
RRC	Sell	RANGE RES CORP	$5,833,000	-58.8%	1,526,936	-24.7%	0.46%	-50.4%
CPRI	New	CAPRI HOLDINGS LIMITED	$5,641,000	–	170,108	–	0.44%	–
GWRE	New	GUIDEWIRE SOFTWARE INCput	$5,269,000	–	50,000	–	0.41%	–
LPI	Sell	LAREDO PETROLEUM INC	$5,063,000	-37.0%	2,100,943	-24.2%	0.40%	-24.2%
SRPT	Sell	SAREPTA THERAPEUTICS INC	$5,047,000	-62.3%	67,002	-24.0%	0.39%	-54.7%
BKI	Sell	BLACK KNIGHT INC	$4,694,000	-8.2%	76,876	-9.5%	0.37%	+10.6%
MU	New	MICRON TECHNOLOGY INCput	$4,285,000	–	100,000	–	0.34%	–
XOM	Sell	EXXON MOBIL CORP	$4,251,000	-17.4%	60,201	-10.3%	0.33%	-0.6%
GLD	Sell	SPDR GOLD TRUSTcall	$4,166,000	-37.4%	30,000	-40.0%	0.32%	-24.8%
SLB	Sell	SCHLUMBERGER LTD	$3,939,000	-22.8%	115,265	-10.3%	0.31%	-6.9%
YELP	New	YELP INCput	$3,475,000	–	100,000	–	0.27%	–
BOLD	Sell	AUDENTES THERAPEUTICS INC	$3,326,000	-33.2%	118,421	-9.9%	0.26%	-19.5%
CVNA	New	CARVANA COput	$3,300,000	–	50,000	–	0.26%	–
ADVM	Sell	ADVERUM BIOTECHNOLOGIES INC	$3,137,000	-57.0%	575,645	-6.3%	0.24%	-48.3%
BMRN	Sell	BIOMARIN PHARMACEUTICAL INC	$2,709,000	-29.4%	40,196	-10.2%	0.21%	-14.9%
BLUE	Sell	BLUEBIRD BIO INC	$1,332,000	-35.0%	14,507	-9.9%	0.10%	-21.8%
ETM	Sell	ENTERCOM COMMUNICATIONS CORPcl a	$1,305,000	-48.4%	390,815	-10.3%	0.10%	-37.8%
WVE	Sell	WAVE LIFE SCIENCES LTD	$1,137,000	-29.2%	55,376	-10.1%	0.09%	-14.4%
CRSP	Sell	CRISPR THERAPEUTICS AGnamen akt	$1,001,000	-21.6%	24,420	-9.9%	0.08%	-6.0%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$981,000	-93.3%	22,100	-93.9%	0.08%	-91.8%
SGMO	Sell	SANGAMO THERAPEUTICS INC	$944,000	-24.3%	104,288	-9.9%	0.07%	-8.6%
RARE	Sell	ULTRAGENYX PHARMACEUTICAL IN	$879,000	-39.3%	20,553	-10.0%	0.07%	-26.6%
EDIT	Sell	EDITAS MEDICINE INC	$847,000	-17.3%	37,259	-9.9%	0.07%	0.0%
NTLA	Sell	INTELLIA THERAPEUTICS INC	$690,000	-26.6%	51,700	-9.9%	0.05%	-11.5%
CLLS	Sell	CELLECTIS S Asponsored ads	$685,000	-40.0%	65,861	-9.9%	0.05%	-28.4%
ABEO	Sell	ABEONA THERAPEUTICS INC	$270,000	-57.4%	119,493	-9.9%	0.02%	-48.8%
ADAP	Sell	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$226,000	-66.1%	149,507	-9.9%	0.02%	-58.1%
SAFM	Exit	SANDERSON FARMS INC	$0	–	-11,900	–	-0.10%	–
RGNX	Exit	REGENXBIO INCcall	$0	–	-100,000	–	-0.33%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-150,000	–	-0.38%	–
AN	Exit	AUTONATION INC	$0	–	-163,921	–	-0.45%	–
HRTX	Exit	HERON THERAPEUTICS INC	$0	–	-410,340	–	-0.50%	–
DXCM	Exit	DEXCOM INCput	$0	–	-53,500	–	-0.52%	–
XBI	Exit	SPDR SERIES TRUSTput	$0	–	-100,000	–	-0.57%	–
PSA	Exit	PUBLIC STORAGEcall	$0	–	-43,700	–	-0.68%	–
GLD	Exit	SPDR GOLD TRUSTput	$0	–	-100,000	–	-0.86%	–
REGN	Exit	REGENERON PHARMACEUTICALSput	$0	–	-78,400	–	-1.59%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-37,821	–	-1.80%	–
QQQ	Exit	INVESCO QQQ TRcall	$0	–	-160,000	–	-1.94%	–
PSA	Exit	PUBLIC STORAGEput	$0	–	-135,000	–	-2.08%	–

Q2 2019

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$312,938,000	–	983	–	20.29%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$142,416,000	–	668,086	–	9.24%	–
GLD	New	SPDR GOLD TRUST	$131,930,000	–	990,465	–	8.56%	–
GOOGL	New	ALPHABET INCcap stk cl a	$67,861,000	–	62,672	–	4.40%	–
MU	New	MICRON TECHNOLOGY INC	$54,631,000	–	1,415,679	–	3.54%	–
RGNX	New	REGENXBIO INC	$51,356,000	–	999,728	–	3.33%	–
LUV	New	SOUTHWEST AIRLS CO	$51,014,000	–	1,004,609	–	3.31%	–
CVNA	New	CARVANA COcl a	$47,576,000	–	760,118	–	3.08%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$47,463,000	–	1,883,466	–	3.08%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$41,253,000	–	508,731	–	2.68%	–
HMHC	New	HOUGHTON MIFFLIN HARCOURT CO	$39,282,000	–	6,819,848	–	2.55%	–
WFC	New	WELLS FARGO CO NEW	$33,147,000	–	700,492	–	2.15%	–
PSA	New	PUBLIC STORAGEput	$32,153,000	–	135,000	–	2.08%	–
KMX	New	CARMAX INC	$30,852,000	–	355,319	–	2.00%	–
QQQ	New	INVESCO QQQ TRcall	$29,878,000	–	160,000	–	1.94%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$27,718,000	–	37,821	–	1.80%	–
REGN	New	REGENERON PHARMACEUTICALSput	$24,539,000	–	78,400	–	1.59%	–
AAPL	New	APPLE INC	$22,615,000	–	114,264	–	1.47%	–
TJX	New	TJX COS INC NEW	$19,975,000	–	377,734	–	1.30%	–
COST	New	COSTCO WHSL CORP NEW	$18,390,000	–	69,590	–	1.19%	–
PRAA	New	PRA GROUP INC	$15,044,000	–	534,598	–	0.98%	–
COP	New	CONOCOPHILLIPS	$14,581,000	–	239,039	–	0.95%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$14,534,000	–	360,641	–	0.94%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$14,450,000	–	179,039	–	0.94%	–
RRC	New	RANGE RES CORP	$14,152,000	–	2,027,472	–	0.92%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$13,402,000	–	88,201	–	0.87%	–
GLD	New	SPDR GOLD TRUSTput	$13,320,000	–	100,000	–	0.86%	–
DAL	New	DELTA AIR LINES INC DEL	$13,089,000	–	230,636	–	0.85%	–
WMT	New	WALMART INC	$12,020,000	–	108,788	–	0.78%	–
MPC	New	MARATHON PETE CORP	$10,434,000	–	186,720	–	0.68%	–
PSA	New	PUBLIC STORAGEcall	$10,408,000	–	43,700	–	0.68%	–
GIII	New	G-III APPAREL GROUP LTD	$9,300,000	–	316,117	–	0.60%	–
Z	New	ZILLOW GROUP INCcl c cap stk	$9,278,000	–	200,000	–	0.60%	–
XBI	New	SPDR SERIES TRUSTput	$8,771,000	–	100,000	–	0.57%	–
AMZN	New	AMAZON COM INC	$8,595,000	–	4,539	–	0.56%	–
NVDA	New	NVIDIA CORP	$8,452,000	–	51,466	–	0.55%	–
UNP	New	UNION PACIFIC CORPput	$8,456,000	–	50,000	–	0.55%	–
LPI	New	LAREDO PETROLEUM INC	$8,039,000	–	2,772,051	–	0.52%	–
DXCM	New	DEXCOM INCput	$8,016,000	–	53,500	–	0.52%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$7,811,000	–	682,758	–	0.51%	–
HRTX	New	HERON THERAPEUTICS INC	$7,628,000	–	410,340	–	0.50%	–
ADVM	New	ADVERUM BIOTECHNOLOGIES INC	$7,303,000	–	614,199	–	0.47%	–
AN	New	AUTONATION INC	$6,875,000	–	163,921	–	0.45%	–
URBN	New	URBAN OUTFITTERS INC	$6,750,000	–	296,682	–	0.44%	–
GLD	New	SPDR GOLD TRUSTcall	$6,660,000	–	50,000	–	0.43%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$6,488,000	–	197,551	–	0.42%	–
MU	New	MICRON TECHNOLOGY INCcall	$5,789,000	–	150,000	–	0.38%	–
XOM	New	EXXON MOBIL CORP	$5,144,000	–	67,133	–	0.33%	–
RGNX	New	REGENXBIO INCcall	$5,137,000	–	100,000	–	0.33%	–
BKI	New	BLACK KNIGHT INC	$5,111,000	–	84,968	–	0.33%	–
SLB	New	SCHLUMBERGER LTD	$5,105,000	–	128,457	–	0.33%	–
BOLD	New	AUDENTES THERAPEUTICS INC	$4,978,000	–	131,495	–	0.32%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$3,835,000	–	44,775	–	0.25%	–
ETM	New	ENTERCOM COMMUNICATIONS CORPcl a	$2,528,000	–	435,860	–	0.16%	–
BLUE	New	BLUEBIRD BIO INC	$2,049,000	–	16,109	–	0.13%	–
SAFM	New	SANDERSON FARMS INC	$1,625,000	–	11,900	–	0.10%	–
WVE	New	WAVE LIFE SCIENCES LTD	$1,607,000	–	61,585	–	0.10%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$1,449,000	–	22,824	–	0.09%	–
CRSP	New	CRISPR THERAPEUTICS AGnamen akt	$1,277,000	–	27,112	–	0.08%	–
SGMO	New	SANGAMO THERAPEUTICS INC	$1,247,000	–	115,739	–	0.08%	–
CLLS	New	CELLECTIS S Asponsored ads	$1,141,000	–	73,124	–	0.07%	–
EDIT	New	EDITAS MEDICINE INC	$1,024,000	–	41,372	–	0.07%	–
NTLA	New	INTELLIA THERAPEUTICS INC	$940,000	–	57,392	–	0.06%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$667,000	–	165,947	–	0.04%	–
ABEO	New	ABEONA THERAPEUTICS INC	$634,000	–	132,615	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
GG	Exit	GOLDCORP INC NEW	$0	–	-138,505	–	-0.05%	–
CRSP	Exit	CRISPR THERAPEUTICS AGnamen akt	$0	–	-57,000	–	-0.08%	–
EDIT	Exit	EDITAS MEDICINE INC	$0	–	-86,765	–	-0.09%	–
NTLA	Exit	INTELLIA THERAPEUTICS INC	$0	–	-120,000	–	-0.11%	–
ONCE	Exit	SPARK THERAPEUTICS INC	$0	–	-63,400	–	-0.11%	–
ABEO	Exit	ABEONA THERAPEUTICS INC	$0	–	-278,000	–	-0.12%	–
SLDB	Exit	SOLID BIOSCIENCES INC	$0	–	-79,690	–	-0.12%	–
ETM	Exit	ENTERCOM COMMUNICATIONS CORPcl a	$0	–	-497,310	–	-0.13%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-296,783	–	-0.13%	–
BABA	Exit	ALIBABA GROUP HLDG LTDput	$0	–	-25,000	–	-0.14%	–
SGMO	Exit	SANGAMO THERAPEUTICS INC	$0	–	-243,000	–	-0.14%	–
RARE	Exit	ULTRAGENYX PHARMACEUTICAL IN	$0	–	-54,100	–	-0.14%	–
QURE	Exit	UNIQURE NV	$0	–	-113,500	–	-0.14%	–
F	Exit	FORD MTR CO DEL	$0	–	-464,310	–	-0.14%	–
CLLS	Exit	CELLECTIS S Asponsored ads	$0	–	-153,559	–	-0.14%	–
XBI	Exit	SPDR SERIES TRUSTput	$0	–	-50,000	–	-0.16%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-33,644	–	-0.16%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-141,850	–	-0.17%	–
WVE	Exit	WAVE LIFE SCIENCES LTD	$0	–	-112,000	–	-0.18%	–
HA	Exit	HAWAIIAN HOLDINGS INC	$0	–	-141,859	–	-0.19%	–
CLW	Exit	CLEARWATER PAPER CORP	$0	–	-195,000	–	-0.19%	–
CVNA	Exit	CARVANA COput	$0	–	-100,000	–	-0.19%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-65,300	–	-0.21%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-126,061	–	-0.22%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-38,605	–	-0.22%	–
ADVM	Exit	ADVERUM BIOTECHNOLOGIES INC	$0	–	-1,150,000	–	-0.23%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-84,835	–	-0.24%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-839,946	–	-0.24%	–
BOLD	Exit	AUDENTES THERAPEUTICS INC	$0	–	-241,000	–	-0.31%	–
EBAY	Exit	EBAY INC	$0	–	-300,000	–	-0.32%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-171,148	–	-0.34%	–
GIII	Exit	G-III APPAREL GROUP LTD	$0	–	-219,237	–	-0.35%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-100,000	–	-0.35%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-227,678	–	-0.42%	–
TSLA	Exit	TESLA INCcall	$0	–	-50,000	–	-0.44%	–
AMZN	Exit	AMAZON COM INC	$0	–	-6,823	–	-0.45%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-85,000	–	-0.45%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-90,000	–	-0.49%	–
AN	Exit	AUTONATION INC	$0	–	-371,161	–	-0.51%	–
WMT	Exit	WALMART INC	$0	–	-166,738	–	-0.51%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-411,599	–	-0.53%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-209,224	–	-0.54%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-873,829	–	-0.56%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-301,951	–	-0.57%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-1,000,000	–	-0.58%	–
TSLA	Exit	TESLA INCput	$0	–	-70,000	–	-0.61%	–
SAFM	Exit	SANDERSON FARMS INC	$0	–	-189,151	–	-0.64%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-284,133	–	-0.73%	–
PRAA	Exit	PRA GROUP INC	$0	–	-697,564	–	-0.82%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-108,945	–	-0.84%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-349,130	–	-0.89%	–
TJX	Exit	TJX COS INC NEW	$0	–	-273,963	–	-1.01%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-1,673,168	–	-1.10%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-1,093,059	–	-1.17%	–
CVNA	Exit	CARVANA COcl a	$0	–	-649,074	–	-1.26%	–
XBI	Exit	SPDR SERIES TRUSTcall	$0	–	-400,000	–	-1.26%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-970,000	–	-1.44%	–
AAPL	Exit	APPLE INC	$0	–	-204,047	–	-1.51%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-5,952,787	–	-1.60%	–
TSLA	Exit	TESLA INC	$0	–	-190,000	–	-1.65%	–
RRC	Exit	RANGE RES CORP	$0	–	-3,013,224	–	-1.68%	–
KMX	Exit	CARMAX INC	$0	–	-747,860	–	-1.83%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-1,186,125	–	-2.05%	–
HMHC	Exit	HOUGHTON MIFFLIN HARCOURT CO	$0	–	-9,487,538	–	-2.18%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INCput	$0	–	-147,300	–	-2.20%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-803,773	–	-2.27%	–
RGNX	Exit	REGENXBIO INC	$0	–	-954,812	–	-2.37%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-400,000	–	-2.44%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-186,449	–	-2.78%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-772,407	–	-2.86%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-3,123,965	–	-3.03%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-1,587,887	–	-3.26%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-110,943	–	-4.40%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,380,423	–	-9.71%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-7,037,208	–	-10.45%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1,701	–	-17.88%	–

Q3 2018

			Value		Shares		↓ Weighting
MU	Sell	MICRON TECHNOLOGY INC	$318,293,000	-36.2%	7,037,208	-26.0%	10.45%	-25.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$295,562,000	-3.0%	1,380,423	-15.5%	9.71%	+12.9%
GOOGL	Sell	ALPHABET INCcap stk cl a	$133,917,000	-12.8%	110,943	-18.4%	4.40%	+1.5%
CMG	Sell	CHIPOTLE MEXICAN GRILL INC	$84,745,000	-42.8%	186,449	-45.7%	2.78%	-33.4%
QQQ	Sell	INVESCO QQQ TRput	$74,316,000	-19.1%	400,000	-25.2%	2.44%	-5.8%
RGNX	Sell	REGENXBIO INC	$72,088,000	-3.3%	954,812	-8.1%	2.37%	+12.6%
CMG	Buy	CHIPOTLE MEXICAN GRILL INCput	$66,951,000	+35.0%	147,300	+28.1%	2.20%	+57.1%
HMHC	Buy	HOUGHTON MIFFLIN HARCOURT CO	$66,413,000	+22.5%	9,487,538	+33.9%	2.18%	+42.5%
WFC	Sell	WELLS FARGO CO NEW	$62,343,000	-32.9%	1,186,125	-29.2%	2.05%	-21.9%
TSLA	Buy	TESLA INC	$50,306,000	+633.4%	190,000	+850.0%	1.65%	+751.5%
AAPL	Sell	APPLE INC	$46,062,000	-6.1%	204,047	-23.0%	1.51%	+9.3%
MU	Sell	MICRON TECHNOLOGY INCcall	$43,873,000	-79.5%	970,000	-76.2%	1.44%	-76.1%
CVNA	Buy	CARVANA COcl a	$38,354,000	+924.4%	649,074	+621.2%	1.26%	+1087.7%
XBI	New	SPDR SERIES TRUSTcall	$38,348,000	–	400,000	–	1.26%	–
MOS	Buy	MOSAIC CO NEW	$35,503,000	+72.4%	1,093,059	+48.9%	1.17%	+100.7%
PRAA	Sell	PRA GROUP INC	$25,112,000	-29.4%	697,564	-24.4%	0.82%	-17.8%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$22,106,000	-8.6%	284,133	-19.8%	0.73%	+6.5%
TSLA	Sell	TESLA INCput	$18,534,000	-46.0%	70,000	-30.0%	0.61%	-37.1%
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$17,510,000	–	1,000,000	–	0.58%	–
JBLU	Sell	JETBLUE AIRWAYS CORP	$16,917,000	-46.9%	873,829	-47.9%	0.56%	-38.1%
SMG	Buy	SCOTTS MIRACLE GRO COcl a	$16,472,000	+4.7%	209,224	+10.6%	0.54%	+21.8%
AN	Sell	AUTONATION INC	$15,422,000	-35.8%	371,161	-25.0%	0.51%	-25.4%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$14,828,000	–	90,000	–	0.49%	–
AMZN	Sell	AMAZON COM INC	$13,666,000	-41.1%	6,823	-50.0%	0.45%	-31.3%
TSLA	New	TESLA INCcall	$13,239,000	–	50,000	–	0.44%	–
GNRC	Sell	GENERAC HLDGS INC	$12,843,000	-69.6%	227,678	-72.2%	0.42%	-64.6%
AXP	Sell	AMERICAN EXPRESS CO	$10,649,000	-48.4%	100,000	-52.5%	0.35%	-39.9%
GIII	Sell	G-III APPAREL GROUP LTD	$10,565,000	-16.4%	219,237	-22.9%	0.35%	-2.5%
EBAY	New	EBAY INC	$9,906,000	–	300,000	–	0.32%	–
ADVM	New	ADVERUM BIOTECHNOLOGIES INC	$6,958,000	–	1,150,000	–	0.23%	–
CVNA	New	CARVANA COput	$5,909,000	–	100,000	–	0.19%	–
CLW	New	CLEARWATER PAPER CORP	$5,792,000	–	195,000	–	0.19%	–
XBI	Sell	SPDR SERIES TRUSTput	$4,794,000	-86.7%	50,000	-86.8%	0.16%	-84.6%
BABA	New	ALIBABA GROUP HLDG LTDput	$4,119,000	–	25,000	–	0.14%	–
ETM	Buy	ENTERCOM COMMUNICATIONS CORPcl a	$3,929,000	+13.3%	497,310	+8.3%	0.13%	+31.6%
RGNX	Exit	REGENXBIO INCcall	$0	–	-50,000	–	-0.10%	–
FXI	Exit	ISHARES TRput	$0	–	-200,000	–	-0.24%	–
GOOGL	Exit	ALPHABET INCcall	$0	–	-9,500	–	-0.30%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-146,000	–	-0.39%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INCcall	$0	–	-60,000	–	-0.73%	–
CAT	Exit	CATERPILLAR INC DELput	$0	–	-250,000	–	-0.96%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-247,911	–	-1.36%	–
MU	Exit	MICRON TECHNOLOGY INCput	$0	–	-1,249,900	–	-1.85%	–

Q2 2018

			Value		Shares		↓ Weighting
MU	New	MICRON TECHNOLOGY INC	$498,934,000	–	9,514,370	–	14.08%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$479,750,000	–	1,701	–	13.53%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$304,842,000	–	1,633,230	–	8.60%	–
MU	New	MICRON TECHNOLOGY INCcall	$214,092,000	–	4,082,600	–	6.04%	–
GOOGL	New	ALPHABET INCcap stk cl a	$153,505,000	–	135,943	–	4.33%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$148,067,000	–	343,249	–	4.18%	–
WFC	New	WELLS FARGO CO NEW	$92,924,000	–	1,676,125	–	2.62%	–
QQQ	New	INVESCO QQQ TRput	$91,833,000	–	535,000	–	2.59%	–
GLD	New	SPDR GOLD TRUST	$91,646,000	–	772,407	–	2.58%	–
LUV	New	SOUTHWEST AIRLS CO	$80,792,000	–	1,587,887	–	2.28%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$78,474,000	–	3,123,965	–	2.21%	–
RGNX	New	REGENXBIO INC	$74,546,000	–	1,038,975	–	2.10%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$66,834,000	–	803,773	–	1.88%	–
MU	New	MICRON TECHNOLOGY INCput	$65,545,000	–	1,249,900	–	1.85%	–
LPI	New	LAREDO PETROLEUM INC	$57,266,000	–	5,952,787	–	1.62%	–
KMX	New	CARMAX INC	$54,497,000	–	747,860	–	1.54%	–
HMHC	New	HOUGHTON MIFFLIN HARCOURT CO	$54,220,000	–	7,087,538	–	1.53%	–
RRC	New	RANGE RES CORP	$50,411,000	–	3,013,224	–	1.42%	–
CMG	New	CHIPOTLE MEXICAN GRILL INCput	$49,608,000	–	115,000	–	1.40%	–
AAPL	New	APPLE INC	$49,064,000	–	265,053	–	1.38%	–
FB	New	FACEBOOK INCcl a	$48,174,000	–	247,911	–	1.36%	–
GNRC	New	GENERAC HLDGS INC	$42,298,000	–	817,678	–	1.19%	–
XBI	New	SPDR SERIES TRUSTput	$36,172,000	–	380,000	–	1.02%	–
PRAA	New	PRA GROUP INC	$35,583,000	–	923,044	–	1.00%	–
TSLA	New	TESLA INCput	$34,295,000	–	100,000	–	0.97%	–
CAT	New	CATERPILLAR INC DELput	$33,918,000	–	250,000	–	0.96%	–
SC	New	SANTANDER CONSUMER USA HDG I	$31,941,000	–	1,673,168	–	0.90%	–
JBLU	New	JETBLUE AIRWAYS CORP	$31,845,000	–	1,677,829	–	0.90%	–
TJX	New	TJX COS INC NEW	$26,076,000	–	273,963	–	0.74%	–
CMG	New	CHIPOTLE MEXICAN GRILL INCcall	$25,882,000	–	60,000	–	0.73%	–
COP	New	CONOCOPHILLIPS	$24,306,000	–	349,130	–	0.69%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$24,191,000	–	354,133	–	0.68%	–
AN	New	AUTONATION INC	$24,040,000	–	494,861	–	0.68%	–
AMZN	New	AMAZON COM INC	$23,194,000	–	13,645	–	0.65%	–
COST	New	COSTCO WHSL CORP NEW	$22,767,000	–	108,945	–	0.64%	–
AXP	New	AMERICAN EXPRESS CO	$20,627,000	–	210,481	–	0.58%	–
MOS	New	MOSAIC CO NEW	$20,592,000	–	734,116	–	0.58%	–
SAFM	New	SANDERSON FARMS INC	$19,889,000	–	189,151	–	0.56%	–
SMG	New	SCOTTS MIRACLE GRO COcl a	$15,736,000	–	189,224	–	0.44%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$15,484,000	–	411,599	–	0.44%	–
DAL	New	DELTA AIR LINES INC DEL	$14,959,000	–	301,951	–	0.42%	–
WMT	New	WALMART INC	$14,281,000	–	166,738	–	0.40%	–
ALB	New	ALBEMARLE CORP	$13,772,000	–	146,000	–	0.39%	–
GIII	New	G-III APPAREL GROUP LTD	$12,633,000	–	284,537	–	0.36%	–
SLB	New	SCHLUMBERGER LTD	$11,472,000	–	171,148	–	0.32%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$11,235,000	–	85,000	–	0.32%	–
GOOGL	New	ALPHABET INCcall	$10,727,000	–	9,500	–	0.30%	–
BOLD	New	AUDENTES THERAPEUTICS INC	$9,209,000	–	241,000	–	0.26%	–
FXI	New	ISHARES TRput	$8,594,000	–	200,000	–	0.24%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$8,567,000	–	839,946	–	0.24%	–
MHK	New	MOHAWK INDS INC	$8,272,000	–	38,605	–	0.23%	–
XOM	New	EXXON MOBIL CORP	$7,018,000	–	84,835	–	0.20%	–
TSLA	New	TESLA INC	$6,859,000	–	20,000	–	0.19%	–
BKI	New	BLACK KNIGHT INC	$6,751,000	–	126,061	–	0.19%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$6,151,000	–	65,300	–	0.17%	–
CPB	New	CAMPBELL SOUP CO	$5,751,000	–	141,850	–	0.16%	–
BLUE	New	BLUEBIRD BIO INC	$5,280,000	–	33,644	–	0.15%	–
ONCE	New	SPARK THERAPEUTICS INC	$5,247,000	–	63,400	–	0.15%	–
F	New	FORD MTR CO DEL	$5,140,000	–	464,310	–	0.14%	–
HA	New	HAWAIIAN HOLDINGS INC	$5,100,000	–	141,859	–	0.14%	–
ABEO	New	ABEONA THERAPEUTICS INC	$4,448,000	–	278,000	–	0.12%	–
CLLS	New	CELLECTIS S Asponsored ads	$4,344,000	–	153,559	–	0.12%	–
WVE	New	WAVE LIFE SCIENCES LTD	$4,284,000	–	112,000	–	0.12%	–
QURE	New	UNIQURE NV	$4,290,000	–	113,500	–	0.12%	–
RARE	New	ULTRAGENYX PHARMACEUTICAL IN	$4,159,000	–	54,100	–	0.12%	–
CVNA	New	CARVANA COcl a	$3,744,000	–	90,000	–	0.11%	–
RGNX	New	REGENXBIO INCcall	$3,588,000	–	50,000	–	0.10%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$3,523,000	–	296,783	–	0.10%	–
ETM	New	ENTERCOM COMMUNICATIONS CORPcl a	$3,467,000	–	459,188	–	0.10%	–
SGMO	New	SANGAMO THERAPEUTICS INC	$3,451,000	–	243,000	–	0.10%	–
CRSP	New	CRISPR THERAPEUTICS AGnamen akt	$3,349,000	–	57,000	–	0.09%	–
NTLA	New	INTELLIA THERAPEUTICS INC	$3,283,000	–	120,000	–	0.09%	–
EDIT	New	EDITAS MEDICINE INC	$3,109,000	–	86,765	–	0.09%	–
SLDB	New	SOLID BIOSCIENCES INC	$2,839,000	–	79,690	–	0.08%	–
GG	New	GOLDCORP INC NEW	$1,899,000	–	138,505	–	0.05%	–

Q4 2017

			Value		Shares		↓ Weighting
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-95,700	–	-0.05%	–
RRC	Exit	RANGE RES CORPcall	$0	–	-100,000	–	-0.05%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-161,800	–	-0.05%	–
NCR	Exit	NCR CORP NEW	$0	–	-82,646	–	-0.08%	–
P	Exit	PANDORA MEDIA INCcall	$0	–	-500,000	–	-0.10%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INCcall	$0	–	-200,000	–	-0.12%	–
AOBC	Exit	AMERICAN OUTDOOR BRANDS CORP	$0	–	-326,000	–	-0.12%	–
F	Exit	FORD MTR CO DEL	$0	–	-554,700	–	-0.16%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-295,200	–	-0.17%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-96,925	–	-0.20%	–
DE	Exit	DEERE & CO	$0	–	-66,381	–	-0.21%	–
LUV	Exit	SOUTHWEST AIRLS COput	$0	–	-150,000	–	-0.21%	–
ETM	Exit	ENTERCOM COMMUNICATIONS CORPcl a	$0	–	-751,119	–	-0.21%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-907,946	–	-0.27%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-49,200	–	-0.30%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-207,100	–	-0.36%	–
AMZN	Exit	AMAZON COM INC	$0	–	-15,600	–	-0.37%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-378,900	–	-0.46%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-415,700	–	-0.52%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-129,500	–	-0.53%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-485,999	–	-0.58%	–
TJX	Exit	TJX COS INC NEW	$0	–	-324,400	–	-0.60%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-291,900	–	-0.66%	–
AN	Exit	AUTONATION INC	$0	–	-569,348	–	-0.67%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-350,000	–	-0.68%	–
BAC	Exit	BANK AMER CORP	$0	–	-1,294,050	–	-0.82%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-521,200	–	-0.89%	–
GIII	Exit	G-III APPAREL GROUP LTD	$0	–	-1,240,000	–	-0.90%	–
PRAA	Exit	PRA GROUP INC	$0	–	-1,346,870	–	-0.96%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-950,000	–	-1.09%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-321,000	–	-1.09%	–
MS	Exit	MORGAN STANLEY	$0	–	-919,900	–	-1.10%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-2,435,900	–	-1.12%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-3,482,200	–	-1.33%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-465,768	–	-1.41%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-62,500	–	-1.50%	–
HMHC	Exit	HOUGHTON MIFFLIN HARCOURT CO	$0	–	-5,172,673	–	-1.55%	–
RRC	Exit	RANGE RES CORP	$0	–	-3,230,300	–	-1.58%	–
P	Exit	PANDORA MEDIA INC	$0	–	-8,350,000	–	-1.60%	–
AAPL	Exit	APPLE INC	$0	–	-429,200	–	-1.65%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-1,189,100	–	-1.85%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-5,934,700	–	-1.91%	–
KMX	Exit	CARMAX INC	$0	–	-1,059,484	–	-2.00%	–
MU	Exit	MICRON TECHNOLOGY INCput	$0	–	-2,274,500	–	-2.23%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-541,600	–	-2.31%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-3,982,400	–	-2.37%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-2,124,149	–	-2.92%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-2,140,700	–	-2.99%	–
QQQ	Exit	POWERSHARES QQQ TRUSTput	$0	–	-1,000,000	–	-3.62%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,270,407	–	-10.37%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-12,120,100	–	-11.88%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1,896	–	-12.98%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-16,558,600	–	-16.23%	–

Q3 2017

			Value		Shares		↓ Weighting
MU	Buy	MICRON TECHNOLOGY INCcall	$651,250,000	+978.1%	16,558,600	+718.5%	16.23%	+622.7%
MU	Buy	MICRON TECHNOLOGY INC	$476,684,000	+502.0%	12,120,100	+357.1%	11.88%	+303.6%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$416,211,000	+6.7%	2,270,407	-1.4%	10.37%	-28.4%
QQQ	New	POWERSHARES QQQ TRUSTput	$145,450,000	–	1,000,000	–	3.62%	–
LUV	Buy	SOUTHWEST AIRLS CO	$119,836,000	-3.1%	2,140,700	+7.5%	2.99%	-35.1%
ATI	Sell	ALLEGHENY TECHNOLOGIES INC	$95,179,000	+14.6%	3,982,400	-18.4%	2.37%	-23.2%
FB	Buy	FACEBOOK INCcl a	$92,543,000	+24.7%	541,600	+10.2%	2.31%	-16.4%
MU	New	MICRON TECHNOLOGY INCput	$89,456,000	–	2,274,500	–	2.23%	–
KMX	Sell	CARMAX INC	$80,319,000	-4.4%	1,059,484	-20.5%	2.00%	-35.9%
LPI	Buy	LAREDO PETROLEUM INC	$76,736,000	+85.4%	5,934,700	+50.8%	1.91%	+24.3%
AAPL	Buy	APPLE INC	$66,148,000	+100.4%	429,200	+87.3%	1.65%	+34.4%
P	Buy	PANDORA MEDIA INC	$64,295,000	+3.0%	8,350,000	+19.3%	1.60%	-31.0%
RRC	Buy	RANGE RES CORP	$63,217,000	+66.4%	3,230,300	+97.0%	1.58%	+11.6%
HMHC	Buy	HOUGHTON MIFFLIN HARCOURT CO	$62,331,000	+0.9%	5,172,673	+3.0%	1.55%	-32.3%
AMZN	New	AMAZON COM INCput	$60,084,000	–	62,500	–	1.50%	–
ALB	Buy	ALBEMARLE CORP	$43,756,000	+79.5%	321,000	+39.0%	1.09%	+20.4%
GNRC	Sell	GENERAC HLDGS INC	$43,633,000	-18.6%	950,000	-36.0%	1.09%	-45.4%
GIII	Sell	G-III APPAREL GROUP LTD	$35,985,000	-3.2%	1,240,000	-16.8%	0.90%	-35.1%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$35,718,000	-30.1%	521,200	-24.9%	0.89%	-53.1%
DAL	Sell	DELTA AIR LINES INC DEL	$18,271,000	-29.0%	378,900	-20.9%	0.46%	-52.5%
AMZN	Buy	AMAZON COM INC	$14,997,000	+46.2%	15,600	+47.2%	0.37%	-1.8%
ETM	New	ENTERCOM COMMUNICATIONS CORPcl a	$8,600,000	–	751,119	–	0.21%	–
LUV	New	SOUTHWEST AIRLS COput	$8,397,000	–	150,000	–	0.21%	–
BBBY	Sell	BED BATH & BEYOND INC	$6,928,000	-42.3%	295,200	-25.3%	0.17%	-61.3%
P	Buy	PANDORA MEDIA INCcall	$3,850,000	+115.8%	500,000	+150.0%	0.10%	+45.5%
NCR	New	NCR CORP NEW	$3,101,000	–	82,646	–	0.08%	–
RRC	New	RANGE RES CORPcall	$1,957,000	–	100,000	–	0.05%	–
WMAR	Exit	WEST MARINE INC	$0	–	-39,029	–	-0.02%	–
HOSSQ	Exit	HORNBECK OFFSHORE SVCS INC N	$0	–	-400,000	–	-0.04%	–
NM	Exit	NAVIOS MARITIME HOLDINGS INC	$0	–	-861,477	–	-0.04%	–
CDE	Exit	COEUR MNG INC	$0	–	-300,000	–	-0.10%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INCput	$0	–	-10,000	–	-0.16%	–
BURL	Exit	BURLINGTON STORES INCput	$0	–	-50,000	–	-0.17%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-191,000	–	-0.28%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-124,250	–	-0.36%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-534,706	–	-0.41%	–
DSW	Exit	DSW INCcl a	$0	–	-825,500	–	-0.54%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COput	$0	–	-273,500	–	-0.65%	–
WFM	Exit	WHOLE FOODS MKT INCput	$0	–	-425,000	–	-0.66%	–
CAT	Exit	CATERPILLAR INC DELput	$0	–	-250,000	–	-1.00%	–
AAPL	Exit	APPLE INCcall	$0	–	-250,000	–	-1.34%	–

Q2 2017

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$482,911,000	–	1,896	–	17.95%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$389,976,000	–	2,302,507	–	14.50%	–
LUV	New	SOUTHWEST AIRLS CO	$123,702,000	–	1,990,700	–	4.60%	–
WFC	New	WELLS FARGO CO NEW	$117,699,000	–	2,124,149	–	4.38%	–
KMX	New	CARMAX INC	$84,026,000	–	1,332,484	–	3.12%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$83,050,000	–	4,882,400	–	3.09%	–
MU	New	MICRON TECHNOLOGY INC	$79,182,000	–	2,651,769	–	2.94%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$76,114,000	–	1,189,100	–	2.83%	–
FB	New	FACEBOOK INCcl a	$74,222,000	–	491,600	–	2.76%	–
P	New	PANDORA MEDIA INC	$62,440,000	–	7,000,000	–	2.32%	–
HMHC	New	HOUGHTON MIFFLIN HARCOURT CO	$61,779,000	–	5,022,673	–	2.30%	–
MU	New	MICRON TECHNOLOGY INCcall	$60,407,000	–	2,023,000	–	2.25%	–
JBLU	New	JETBLUE AIRWAYS CORP	$55,612,000	–	2,435,900	–	2.07%	–
GLD	New	SPDR GOLD TRUST	$54,970,000	–	465,768	–	2.04%	–
GNRC	New	GENERAC HLDGS INC	$53,595,000	–	1,483,385	–	1.99%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$51,072,000	–	694,200	–	1.90%	–
PRAA	New	PRA GROUP INC	$51,046,000	–	1,346,870	–	1.90%	–
SC	New	SANTANDER CONSUMER USA HDG I	$44,433,000	–	3,482,200	–	1.65%	–
LPI	New	LAREDO PETROLEUM INC	$41,393,000	–	3,934,700	–	1.54%	–
MS	New	MORGAN STANLEY	$40,991,000	–	919,900	–	1.52%	–
RRC	New	RANGE RES CORP	$37,994,000	–	1,639,800	–	1.41%	–
GIII	New	G-III APPAREL GROUP LTD	$37,181,000	–	1,490,240	–	1.38%	–
AAPL	New	APPLE INCcall	$36,005,000	–	250,000	–	1.34%	–
AAPL	New	APPLE INC	$33,009,000	–	229,200	–	1.23%	–
BAC	New	BANK AMER CORP	$31,394,000	–	1,294,050	–	1.17%	–
CAT	New	CATERPILLAR INC DELput	$26,865,000	–	250,000	–	1.00%	–
WMT	New	WAL-MART STORES INC	$26,488,000	–	350,000	–	0.98%	–
DAL	New	DELTA AIR LINES INC DEL	$25,736,000	–	478,900	–	0.96%	–
AXP	New	AMERICAN EXPRESS CO	$24,590,000	–	291,900	–	0.91%	–
ALB	New	ALBEMARLE CORP	$24,380,000	–	231,000	–	0.91%	–
AN	New	AUTONATION INC	$24,004,000	–	569,348	–	0.89%	–
TJX	New	TJX COS INC NEW	$23,412,000	–	324,400	–	0.87%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$21,787,000	–	485,999	–	0.81%	–
COST	New	COSTCO WHSL CORP NEW	$20,711,000	–	129,500	–	0.77%	–
COP	New	CONOCOPHILLIPS	$18,274,000	–	415,700	–	0.68%	–
WFM	New	WHOLE FOODS MKT INCput	$17,897,000	–	425,000	–	0.66%	–
ESRX	New	EXPRESS SCRIPTS HLDG COput	$17,460,000	–	273,500	–	0.65%	–
DSW	New	DSW INCcl a	$14,611,000	–	825,500	–	0.54%	–
SLB	New	SCHLUMBERGER LTD	$13,635,000	–	207,100	–	0.51%	–
BBBY	New	BED BATH & BEYOND INC	$12,014,000	–	395,200	–	0.45%	–
MHK	New	MOHAWK INDS INC	$11,891,000	–	49,200	–	0.44%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$11,031,000	–	534,706	–	0.41%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$10,614,000	–	907,946	–	0.40%	–
AMZN	New	AMAZON COM INC	$10,261,000	–	10,600	–	0.38%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$9,730,000	–	124,250	–	0.36%	–
DE	New	DEERE & CO	$8,204,000	–	66,381	–	0.30%	–
XOM	New	EXXON MOBIL CORP	$7,825,000	–	96,925	–	0.29%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$7,489,000	–	191,000	–	0.28%	–
AOBC	New	AMERICAN OUTDOOR BRANDS CORP	$7,224,000	–	326,000	–	0.27%	–
F	New	FORD MTR CO DEL	$6,207,000	–	554,700	–	0.23%	–
BURL	New	BURLINGTON STORES INCput	$4,600,000	–	50,000	–	0.17%	–
CMG	New	CHIPOTLE MEXICAN GRILL INCput	$4,161,000	–	10,000	–	0.16%	–
ATI	New	ALLEGHENY TECHNOLOGIES INCcall	$3,402,000	–	200,000	–	0.13%	–
CDE	New	COEUR MNG INC	$2,574,000	–	300,000	–	0.10%	–
GG	New	GOLDCORP INC NEW	$2,089,000	–	161,800	–	0.08%	–
GME	New	GAMESTOP CORP NEWcl a	$2,068,000	–	95,700	–	0.08%	–
P	New	PANDORA MEDIA INCcall	$1,784,000	–	200,000	–	0.07%	–
NM	New	NAVIOS MARITIME HOLDINGS INC	$1,180,000	–	861,477	–	0.04%	–
HOSSQ	New	HORNBECK OFFSHORE SVCS INC N	$1,132,000	–	400,000	–	0.04%	–
WMAR	New	WEST MARINE INC	$502,000	–	39,029	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
WMAR	Exit	WEST MARINE INC	$0	–	-113,000	–	-0.04%	–
DTSI	Exit	DTS INCcall	$0	–	-37,000	–	-0.06%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-92,500	–	-0.07%	–
BOFI	Exit	BOFI HLDG INC	$0	–	-90,000	–	-0.08%	–
RL	Exit	RALPH LAUREN CORPcall	$0	–	-21,300	–	-0.08%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-96,500	–	-0.10%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-163,100	–	-0.10%	–
NM	Exit	NAVIOS MARITIME HOLDINGS INC	$0	–	-2,211,200	–	-0.10%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-96,200	–	-0.14%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-159,661	–	-0.15%	–
HOSSQ	Exit	HORNBECK OFFSHORE SVCS INC N	$0	–	-812,800	–	-0.17%	–
BOFI	Exit	BOFI HLDG INCcall	$0	–	-200,000	–	-0.17%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INCcall	$0	–	-300,000	–	-0.21%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLput	$0	–	-250,000	–	-0.24%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-50,000	–	-0.24%	–
F	Exit	FORD MTR CO DEL	$0	–	-559,300	–	-0.26%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-192,500	–	-0.26%	–
TER	Exit	TERADYNE INC	$0	–	-388,400	–	-0.32%	–
TWTR	Exit	TWITTER INCcall	$0	–	-366,900	–	-0.32%	–
WFM	Exit	WHOLE FOODS MKT INCput	$0	–	-300,000	–	-0.33%	–
RH	Exit	RESTORATION HARDWARE HLDGS I	$0	–	-250,000	–	-0.33%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-330,500	–	-0.34%	–
HAL	Exit	HALLIBURTON CO	$0	–	-197,000	–	-0.34%	–
WFC	Exit	WELLS FARGO & CO NEWput	$0	–	-200,000	–	-0.34%	–
CSCO	Exit	CISCO SYS INC	$0	–	-287,000	–	-0.35%	–
HA	Exit	HAWAIIAN HOLDINGS INC	$0	–	-197,700	–	-0.37%	–
UNP	Exit	UNION PAC CORPput	$0	–	-100,000	–	-0.37%	–
TSLA	Exit	TESLA MTRS INCput	$0	–	-50,000	–	-0.39%	–
TSLA	Exit	TESLA MTRS INCcall	$0	–	-50,000	–	-0.39%	–
BABA	Exit	ALIBABA GROUP HLDG LTDput	$0	–	-100,000	–	-0.40%	–
CDE	Exit	COEUR MNG INC	$0	–	-942,500	–	-0.43%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-326,500	–	-0.49%	–
CAT	Exit	CATERPILLAR INC DELput	$0	–	-150,000	–	-0.51%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-912,296	–	-0.52%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-169,000	–	-0.52%	–
COH	Exit	COACH INCput	$0	–	-400,000	–	-0.56%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-774,880	–	-0.56%	–
RL	Exit	RALPH LAUREN CORPput	$0	–	-148,400	–	-0.58%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-208,800	–	-0.63%	–
RRC	Exit	RANGE RES CORP	$0	–	-437,800	–	-0.65%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-955,769	–	-0.65%	–
DSW	Exit	DSW INCcl a	$0	–	-832,100	–	-0.65%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-195,450	–	-0.65%	–
P	Exit	PANDORA MEDIA INCcall	$0	–	-1,207,600	–	-0.66%	–
GIII	Exit	G-III APPAREL GROUP LTD	$0	–	-600,000	–	-0.67%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-418,900	–	-0.70%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-130,600	–	-0.76%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-250,500	–	-0.77%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-626,306	–	-0.79%	–
TSO	Exit	TESORO CORP	$0	–	-259,300	–	-0.79%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COcall	$0	–	-300,000	–	-0.81%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COput	$0	–	-300,000	–	-0.81%	–
TJX	Exit	TJX COS INC NEW	$0	–	-327,000	–	-0.94%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-395,500	–	-0.97%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-608,000	–	-1.00%	–
MS	Exit	MORGAN STANLEY	$0	–	-826,500	–	-1.02%	–
ANF	Exit	ABERCROMBIE & FITCH COput	$0	–	-1,700,000	–	-1.04%	–
FLEX	Exit	FLEX LTDord	$0	–	-2,003,300	–	-1.04%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-380,900	–	-1.05%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-2,502,200	–	-1.17%	–
X	Exit	UNITED STATES STL CORP NEWcall	$0	–	-1,652,300	–	-1.19%	–
GPRE	Exit	GREEN PLAINS INC	$0	–	-1,400,000	–	-1.40%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-1,039,899	–	-1.47%	–
PRAA	Exit	PRA GROUP INC	$0	–	-1,203,700	–	-1.59%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INCput	$0	–	-100,000	–	-1.62%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-699,800	–	-1.75%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-1,198,600	–	-2.21%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-469,568	–	-2.26%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-1,638,800	–	-2.44%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcall	$0	–	-465,100	–	-2.57%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-1,900,000	–	-2.64%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-5,436,300	–	-2.69%	–
HMHC	Exit	HOUGHTON MIFFLIN HARCOURT CO	$0	–	-5,927,993	–	-3.04%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES INC	$0	–	-4,796,700	–	-3.32%	–
KMX	Exit	CARMAX INC	$0	–	-1,783,156	–	-3.64%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-2,433,849	–	-4.13%	–
P	Exit	PANDORA MEDIA INC	$0	–	-7,550,100	–	-4.14%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,271,723	–	-12.57%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1,913	–	-15.85%	–

Q3 2016

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$328,196,000	-7.3%	2,271,723	-7.1%	12.57%	+2.5%
P	Sell	PANDORA MEDIA INC	$108,193,000	+8.1%	7,550,100	-6.1%	4.14%	+19.5%
KMX	Sell	CARMAX INC	$95,131,000	+3.0%	1,783,156	-5.3%	3.64%	+13.9%
ATI	Buy	ALLEGHENY TECHNOLOGIES INC	$86,676,000	+47.9%	4,796,700	+4.4%	3.32%	+63.6%
HMHC	Buy	HOUGHTON MIFFLIN HARCOURT CO	$79,494,000	+9.3%	5,927,993	+27.3%	3.04%	+20.8%
GNRC	Buy	GENERAC HLDGS INC	$68,970,000	+14.2%	1,900,000	+10.0%	2.64%	+26.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcall	$67,193,000	+54.7%	465,100	+55.0%	2.57%	+71.0%
CMG	New	CHIPOTLE MEXICAN GRILL INCput	$42,350,000	–	100,000	–	1.62%	–
PRAA	Buy	PRA GROUP INC	$41,576,000	+93.6%	1,203,700	+35.3%	1.59%	+114.1%
FNF	Sell	FIDELITY NATIONAL FINANCIAL	$38,383,000	-10.0%	1,039,899	-8.6%	1.47%	-0.5%
GPRE	New	GREEN PLAINS INC	$36,680,000	–	1,400,000	–	1.40%	–
X	Sell	UNITED STATES STL CORP NEWcall	$31,162,000	+7.3%	1,652,300	-4.1%	1.19%	+18.7%
SC	Buy	SANTANDER CONSUMER USA HDG I	$30,427,000	+25.2%	2,502,200	+6.4%	1.17%	+38.5%
FLEX	Sell	FLEX LTDord	$27,285,000	-52.8%	2,003,300	-59.1%	1.04%	-47.9%
ANF	New	ABERCROMBIE & FITCH COput	$27,013,000	–	1,700,000	–	1.04%	–
BBBY	Sell	BED BATH & BEYOND INC	$26,211,000	-29.2%	608,000	-29.1%	1.00%	-21.7%
TJX	Sell	TJX COS INC NEW	$24,453,000	-67.6%	327,000	-66.5%	0.94%	-64.2%
ESRX	Buy	EXPRESS SCRIPTS HLDG COcall	$21,159,000	+86.1%	300,000	+100.0%	0.81%	+105.8%
ESRX	Sell	EXPRESS SCRIPTS HLDG COput	$21,159,000	-30.2%	300,000	-25.0%	0.81%	-22.8%
TSO	New	TESORO CORP	$20,630,000	–	259,300	–	0.79%	–
CHMT	Sell	CHEMTURA CORP	$20,549,000	+5.3%	626,306	-15.3%	0.79%	+16.4%
GIII	New	G-III APPAREL GROUP LTD	$17,490,000	–	600,000	–	0.67%	–
P	Sell	PANDORA MEDIA INCcall	$17,305,000	-14.5%	1,207,600	-25.7%	0.66%	-5.4%
RL	Buy	RALPH LAUREN CORPput	$15,009,000	+781.3%	148,400	+681.1%	0.58%	+874.6%
KS	Sell	KAPSTONE PAPER & PACKAGING C	$14,661,000	-20.3%	774,880	-45.2%	0.56%	-11.8%
COH	Buy	COACH INCput	$14,624,000	+79.5%	400,000	+100.0%	0.56%	+98.6%
CAT	Sell	CATERPILLAR INC DELput	$13,316,000	-82.0%	150,000	-84.6%	0.51%	-80.1%
DAL	Buy	DELTA AIR LINES INC DEL	$12,851,000	+19.0%	326,500	+10.1%	0.49%	+31.6%
CDE	Sell	COEUR MNG INC	$11,150,000	-26.0%	942,500	-33.3%	0.43%	-18.2%
BABA	Sell	ALIBABA GROUP HLDG LTDput	$10,579,000	-86.7%	100,000	-90.0%	0.40%	-85.3%
TSLA	Sell	TESLA MTRS INCput	$10,202,000	-68.0%	50,000	-66.7%	0.39%	-64.6%
UNP	Sell	UNION PAC CORPput	$9,753,000	-86.0%	100,000	-87.5%	0.37%	-84.5%
CSCO	Sell	CISCO SYS INC	$9,104,000	-26.8%	287,000	-33.8%	0.35%	-19.0%
WFC	Sell	WELLS FARGO & CO NEWput	$8,856,000	-81.3%	200,000	-80.0%	0.34%	-79.3%
RH	New	RESTORATION HARDWARE HLDGS I	$8,645,000	–	250,000	–	0.33%	–
WFM	New	WHOLE FOODS MKT INCput	$8,505,000	–	300,000	–	0.33%	–
TWTR	Buy	TWITTER INCcall	$8,457,000	+400.1%	366,900	+266.9%	0.32%	+449.2%
TER	Sell	TERADYNE INC	$8,382,000	-61.7%	388,400	-65.0%	0.32%	-57.7%
IWM	New	ISHARES TRrussell 2000 etf	$6,211,000	–	50,000	–	0.24%	–
VRX	Sell	VALEANT PHARMACEUTICALS INTLput	$6,138,000	+1.6%	250,000	-16.7%	0.24%	+12.4%
ATI	Sell	ALLEGHENY TECHNOLOGIES INCcall	$5,421,000	-34.6%	300,000	-53.8%	0.21%	-27.5%
BOFI	New	BOFI HLDG INCcall	$4,480,000	–	200,000	–	0.17%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$3,920,000	–	159,661	–	0.15%	–
GME	Sell	GAMESTOP CORP NEWcl a	$2,662,000	-66.2%	96,500	-67.5%	0.10%	-62.6%
RL	New	RALPH LAUREN CORPcall	$2,154,000	–	21,300	–	0.08%	–
X	New	UNITED STATES STL CORP NEW	$1,745,000	–	92,500	–	0.07%	–
DTSI	New	DTS INCcall	$1,574,000	–	37,000	–	0.06%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-3,600	–	-0.01%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLcall	$0	–	-50,000	–	-0.04%	–
WNR	Exit	WESTERN REFNG INCcall	$0	–	-100,000	–	-0.07%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-50,000	–	-0.10%	–
BBBY	Exit	BED BATH & BEYOND INCcall	$0	–	-100,100	–	-0.15%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-390,000	–	-0.28%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-15,000	–	-0.37%	–
TSO	Exit	TESORO CORPput	$0	–	-150,000	–	-0.39%	–
P	Exit	PANDORA MEDIA INCput	$0	–	-1,020,500	–	-0.44%	–
TWTR	Exit	TWITTER INC	$0	–	-1,126,800	–	-0.66%	–
ADPTQ	Exit	ADEPTUS HEALTH INCcl a	$0	–	-399,900	–	-0.72%	–
CAT	Exit	CATERPILLAR INC DELcall	$0	–	-300,000	–	-0.79%	–
IWM	Exit	ISHARES TRput	$0	–	-300,000	–	-1.20%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INCcall	$0	–	-106,000	–	-1.48%	–

Q2 2016

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$415,073,000	–	1,913	–	14.38%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$353,947,000	–	2,444,554	–	12.26%	–
WFC	New	WELLS FARGO & CO NEW	$115,194,000	–	2,433,849	–	3.99%	–
P	New	PANDORA MEDIA INC	$100,098,000	–	8,040,000	–	3.47%	–
KMX	New	CARMAX INC	$92,331,000	–	1,883,156	–	3.20%	–
BABA	New	ALIBABA GROUP HLDG LTDput	$79,530,000	–	1,000,000	–	2.76%	–
TJX	New	TJX COS INC NEW	$75,454,000	–	977,000	–	2.61%	–
CAT	New	CATERPILLAR INC DELput	$73,915,000	–	975,000	–	2.56%	–
HMHC	New	HOUGHTON MIFFLIN HARCOURT CO	$72,758,000	–	4,655,000	–	2.52%	–
UNP	New	UNION PAC CORPput	$69,800,000	–	800,000	–	2.42%	–
LUV	New	SOUTHWEST AIRLS CO	$64,257,000	–	1,638,800	–	2.23%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$60,709,000	–	1,198,600	–	2.10%	–
GNRC	New	GENERAC HLDGS INC	$60,382,000	–	1,727,176	–	2.09%	–
GLD	New	SPDR GOLD TRUST	$59,386,000	–	469,568	–	2.06%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$58,608,000	–	4,596,700	–	2.03%	–
FLEX	New	FLEXTRONICS INTL LTDord	$57,859,000	–	4,903,300	–	2.00%	–
LPI	New	LAREDO PETROLEUM INC	$56,972,000	–	5,436,300	–	1.97%	–
WFC	New	WELLS FARGO & CO NEWput	$47,330,000	–	1,000,000	–	1.64%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$46,397,000	–	699,800	–	1.61%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcall	$43,437,000	–	300,000	–	1.50%	–
CMG	New	CHIPOTLE MEXICAN GRILL INCcall	$42,693,000	–	106,000	–	1.48%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$42,656,000	–	1,137,500	–	1.48%	–
BBBY	New	BED BATH & BEYOND INC	$37,040,000	–	857,000	–	1.28%	–
IWM	New	ISHARES TRput	$34,494,000	–	300,000	–	1.20%	–
TSLA	New	TESLA MTRS INCput	$31,842,000	–	150,000	–	1.10%	–
ESRX	New	EXPRESS SCRIPTS HLDG COput	$30,320,000	–	400,000	–	1.05%	–
X	New	UNITED STATES STL CORP NEWcall	$29,038,000	–	1,722,300	–	1.01%	–
WMT	New	WAL-MART STORES INC	$27,813,000	–	380,900	–	0.96%	–
SC	New	SANTANDER CONSUMER USA HDG I	$24,298,000	–	2,352,200	–	0.84%	–
AXP	New	AMERICAN EXPRESS CO	$24,031,000	–	395,500	–	0.83%	–
CAT	New	CATERPILLAR INC DELcall	$22,743,000	–	300,000	–	0.79%	–
TER	New	TERADYNE INC	$21,866,000	–	1,110,500	–	0.76%	–
MS	New	MORGAN STANLEY	$21,472,000	–	826,500	–	0.74%	–
PRAA	New	PRA GROUP INC	$21,475,000	–	889,600	–	0.74%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$20,859,000	–	250,500	–	0.72%	–
ADPTQ	New	ADEPTUS HEALTH INCcl a	$20,659,000	–	399,900	–	0.72%	–
COST	New	COSTCO WHSL CORP NEW	$20,509,000	–	130,600	–	0.71%	–
P	New	PANDORA MEDIA INCcall	$20,245,000	–	1,626,100	–	0.70%	–
CHMT	New	CHEMTURA CORP	$19,510,000	–	739,571	–	0.68%	–
TWTR	New	TWITTER INC	$19,054,000	–	1,126,800	–	0.66%	–
RRC	New	RANGE RES CORP	$18,887,000	–	437,800	–	0.65%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$18,388,000	–	1,413,400	–	0.64%	–
XOM	New	EXXON MOBIL CORP	$18,321,000	–	195,450	–	0.64%	–
COP	New	CONOCOPHILLIPS	$18,264,000	–	418,900	–	0.63%	–
DSW	New	DSW INCcl a	$17,624,000	–	832,100	–	0.61%	–
SLB	New	SCHLUMBERGER LTD	$16,512,000	–	208,800	–	0.57%	–
CDE	New	COEUR MNG INC	$15,068,000	–	1,413,500	–	0.52%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$13,484,000	–	912,296	–	0.47%	–
MU	New	MICRON TECHNOLOGY INC	$13,151,000	–	955,769	–	0.46%	–
P	New	PANDORA MEDIA INCput	$12,705,000	–	1,020,500	–	0.44%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$12,577,000	–	169,000	–	0.44%	–
CSCO	New	CISCO SYS INC	$12,443,000	–	433,700	–	0.43%	–
ESRX	New	EXPRESS SCRIPTS HLDG COcall	$11,370,000	–	150,000	–	0.39%	–
TSO	New	TESORO CORPput	$11,238,000	–	150,000	–	0.39%	–
DAL	New	DELTA AIR LINES INC DEL	$10,801,000	–	296,500	–	0.37%	–
AMZN	New	AMAZON COM INCput	$10,734,000	–	15,000	–	0.37%	–
TSLA	New	TESLA MTRS INCcall	$10,614,000	–	50,000	–	0.37%	–
SWHC	New	SMITH & WESSON HLDG CORP	$8,983,000	–	330,500	–	0.31%	–
HAL	New	HALLIBURTON CO	$8,922,000	–	197,000	–	0.31%	–
ATI	New	ALLEGHENY TECHNOLOGIES INCcall	$8,288,000	–	650,000	–	0.29%	–
COH	New	COACH INCput	$8,148,000	–	200,000	–	0.28%	–
WNR	New	WESTERN REFNG INC	$8,046,000	–	390,000	–	0.28%	–
GME	New	GAMESTOP CORP NEWcl a	$7,881,000	–	296,500	–	0.27%	–
HA	New	HAWAIIAN HOLDINGS INC	$7,505,000	–	197,700	–	0.26%	–
F	New	FORD MTR CO DEL	$7,030,000	–	559,300	–	0.24%	–
HOSSQ	New	HORNBECK OFFSHORE SVCS INC N	$6,779,000	–	812,800	–	0.24%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$6,366,000	–	192,500	–	0.22%	–
VRX	New	VALEANT PHARMACEUTICALS INTLput	$6,042,000	–	300,000	–	0.21%	–
BBBY	New	BED BATH & BEYOND INCcall	$4,326,000	–	100,100	–	0.15%	–
GG	New	GOLDCORP INC NEW	$3,120,000	–	163,100	–	0.11%	–
DECK	New	DECKERS OUTDOOR CORP	$2,876,000	–	50,000	–	0.10%	–
AAL	New	AMERICAN AIRLS GROUP INC	$2,723,000	–	96,200	–	0.09%	–
WNR	New	WESTERN REFNG INCcall	$2,063,000	–	100,000	–	0.07%	–
NM	New	NAVIOS MARITIME HOLDINGS INC	$1,791,000	–	2,211,200	–	0.06%	–
RL	New	RALPH LAUREN CORPput	$1,703,000	–	19,000	–	0.06%	–
TWTR	New	TWITTER INCcall	$1,691,000	–	100,000	–	0.06%	–
BOFI	New	BOFI HLDG INC	$1,594,000	–	90,000	–	0.06%	–
VRX	New	VALEANT PHARMACEUTICALS INTLcall	$1,007,000	–	50,000	–	0.04%	–
WMAR	New	WEST MARINE INC	$948,000	–	113,000	–	0.03%	–
RL	New	RALPH LAUREN CORPcl a	$323,000	–	3,600	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
WMAR	Exit	WEST MARINE INC	$0	–	-117,400	–	-0.04%	–
ANF	Exit	ABERCROMBIE & FITCH COput	$0	–	-100,000	–	-0.08%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-169,400	–	-0.08%	–
FLEX	Exit	FLEXTRONICS INTL LTDcall	$0	–	-230,000	–	-0.10%	–
HOG	Exit	HARLEY DAVIDSON INCcall	$0	–	-50,000	–	-0.11%	–
GNRC	Exit	GENERAC HLDGS INCcall	$0	–	-100,000	–	-0.12%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-100,000	–	-0.15%	–
ADPTQ	Exit	ADEPTUS HEALTH INCcl a	$0	–	-50,000	–	-0.16%	–
CDE	Exit	COEUR MNG INC	$0	–	-1,468,600	–	-0.16%	–
KORS	Exit	MICHAEL KORS HLDGS LTDput	$0	–	-100,000	–	-0.17%	–
ADPTQ	Exit	ADEPTUS HEALTH INCput	$0	–	-62,200	–	-0.20%	–
WFC	Exit	WELLS FARGO & CO NEWput	$0	–	-100,000	–	-0.20%	–
AXLL	Exit	AXIALL CORP	$0	–	-353,800	–	-0.22%	–
BBBY	Exit	BED BATH & BEYOND INCcall	$0	–	-100,000	–	-0.23%	–
NM	Exit	NAVIOS MARITIME HOLDINGS INC	$0	–	-2,304,100	–	-0.23%	–
DECK	Exit	DECKERS OUTDOOR CORPcall	$0	–	-100,000	–	-0.23%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-348,000	–	-0.23%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-320,250	–	-0.25%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-200,000	–	-0.25%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-394,870	–	-0.26%	–
RRC	Exit	RANGE RES CORP	$0	–	-205,800	–	-0.26%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-923,096	–	-0.29%	–
HAL	Exit	HALLIBURTON CO	$0	–	-204,700	–	-0.29%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-290,000	–	-0.31%	–
F	Exit	FORD MTR CO DEL	$0	–	-581,600	–	-0.31%	–
UNP	Exit	UNION PAC CORPput	$0	–	-100,000	–	-0.35%	–
CAT	Exit	CATERPILLAR INC DELput	$0	–	-150,000	–	-0.39%	–
FIT	Exit	FITBIT INCcl a	$0	–	-276,700	–	-0.41%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-1,144,300	–	-0.43%	–
MU	Exit	MICRON TECHNOLOGY INCcall	$0	–	-750,000	–	-0.44%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COcall	$0	–	-150,000	–	-0.48%	–
XLV	Exit	SELECT SECTOR SPDR TRput	$0	–	-200,000	–	-0.52%	–
HOSSQ	Exit	HORNBECK OFFSHORE SVCS INC N	$0	–	-999,100	–	-0.54%	–
TER	Exit	TERADYNE INC	$0	–	-800,000	–	-0.57%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-993,569	–	-0.59%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-202,750	–	-0.60%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-260,000	–	-0.60%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-232,600	–	-0.64%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-446,700	–	-0.67%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-301,900	–	-0.68%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-353,500	–	-0.71%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-135,900	–	-0.78%	–
C	Exit	CITIGROUP INCput	$0	–	-400,000	–	-0.78%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-435,300	–	-0.83%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-500,000	–	-0.89%	–
CSCO	Exit	CISCO SYS INC	$0	–	-861,600	–	-0.90%	–
MS	Exit	MORGAN STANLEY	$0	–	-756,200	–	-0.94%	–
DSW	Exit	DSW INCcl a	$0	–	-967,400	–	-0.97%	–
FIT	Exit	FITBIT INCcall	$0	–	-677,700	–	-1.01%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-396,000	–	-1.02%	–
UNP	Exit	UNION PAC CORPcall	$0	–	-300,000	–	-1.05%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcall	$0	–	-250,000	–	-1.29%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-1,671,500	–	-1.35%	–
HA	Exit	HAWAIIAN HOLDINGS INC	$0	–	-1,513,351	–	-1.48%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-727,300	–	-1.50%	–
P	Exit	PANDORA MEDIA INCcall	$0	–	-1,789,100	–	-1.51%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-476,300	–	-1.57%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-1,181,900	–	-1.66%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-1,468,300	–	-1.66%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-505,600	–	-1.67%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-863,800	–	-1.68%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-970,500	–	-1.72%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-1,597,283	–	-1.90%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-662,100	–	-1.94%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-488,268	–	-2.06%	–
FLEX	Exit	FLEXTRONICS INTL LTDord	$0	–	-5,095,700	–	-2.12%	–
KMX	Exit	CARMAX INC	$0	–	-1,010,200	–	-2.37%	–
TJX	Exit	TJX COS INC NEW	$0	–	-988,900	–	-2.79%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-1,225,000	–	-2.86%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COput	$0	–	-1,140,000	–	-3.65%	–
AMZN	Exit	AMAZON COM INC	$0	–	-321,400	–	-6.51%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-3,462,349	–	-7.03%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,364,254	–	-12.20%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1,913	–	-14.78%	–

Q3 2015

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$308,299,000	-10.0%	2,364,254	-6.1%	12.20%	+2.6%
WFC	Sell	WELLS FARGO & CO NEW	$177,792,000	-11.3%	3,462,349	-2.8%	7.03%	+1.2%
AMZN	Sell	AMAZON COM INC	$164,521,000	-8.4%	321,400	-22.3%	6.51%	+4.5%
ESRX	Buy	EXPRESS SCRIPTS HLDG COput	$92,294,000	+92.2%	1,140,000	+111.1%	3.65%	+119.1%
BABA	New	ALIBABA GROUP HLDG LTDcall	$72,238,000	–	1,225,000	–	2.86%	–
FLEX	Buy	FLEXTRONICS INTL LTDord	$53,709,000	-4.9%	5,095,700	+2.0%	2.12%	+8.4%
GNRC	New	GENERAC HLDGS INC	$48,062,000	–	1,597,283	–	1.90%	–
DAL	Buy	DELTA AIR LINES INC DEL	$43,546,000	+306.9%	970,500	+272.6%	1.72%	+364.4%
P	Sell	PANDORA MEDIA INCcall	$38,179,000	+7.4%	1,789,100	-21.8%	1.51%	+22.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcall	$32,600,000	-58.3%	250,000	-56.5%	1.29%	-52.5%
UNP	Buy	UNION PAC CORPcall	$26,523,000	+11.2%	300,000	+20.0%	1.05%	+26.8%
FIT	New	FITBIT INCcall	$25,543,000	–	677,700	–	1.01%	–
DSW	Buy	DSW INCcl a	$24,485,000	+15.1%	967,400	+51.8%	0.97%	+31.3%
MS	Buy	MORGAN STANLEY	$23,820,000	+10.4%	756,200	+36.0%	0.94%	+25.9%
VNTV	Sell	VANTIV INCcl a	$22,460,000	-28.4%	500,000	-39.1%	0.89%	-18.3%
C	New	CITIGROUP INCput	$19,844,000	–	400,000	–	0.78%	–
BBBY	Buy	BED BATH & BEYOND INC	$17,214,000	-16.7%	301,900	+0.7%	0.68%	-5.0%
LUV	Buy	SOUTHWEST AIRLS CO	$16,992,000	+92.5%	446,700	+67.5%	0.67%	+119.6%
SLB	Sell	SCHLUMBERGER LTD	$16,042,000	-60.0%	232,600	-50.0%	0.64%	-54.3%
DECK	New	DECKERS OUTDOOR CORP	$15,096,000	–	260,000	–	0.60%	–
XOM	Sell	EXXON MOBIL CORP	$15,074,000	-40.2%	202,750	-33.0%	0.60%	-31.8%
TER	New	TERADYNE INC	$14,408,000	–	800,000	–	0.57%	–
XLV	New	SELECT SECTOR SPDR TRput	$13,246,000	–	200,000	–	0.52%	–
ESRX	New	EXPRESS SCRIPTS HLDG COcall	$12,144,000	–	150,000	–	0.48%	–
MU	Sell	MICRON TECHNOLOGY INCcall	$11,235,000	-75.2%	750,000	-68.8%	0.44%	-71.7%
LPI	Sell	LAREDO PETROLEUM INC	$10,791,000	-57.5%	1,144,300	-43.3%	0.43%	-51.5%
FIT	New	FITBIT INCcl a	$10,429,000	–	276,700	–	0.41%	–
UNP	Sell	UNION PAC CORPput	$8,841,000	-91.0%	100,000	-90.2%	0.35%	-89.7%
HAL	Sell	HALLIBURTON CO	$7,236,000	-59.0%	204,700	-50.0%	0.29%	-53.3%
RRC	New	RANGE RES CORP	$6,610,000	–	205,800	–	0.26%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$6,288,000	–	200,000	–	0.25%	–
CNQ	Sell	CANADIAN NAT RES LTD	$6,229,000	-64.2%	320,250	-50.0%	0.25%	-59.2%
DECK	New	DECKERS OUTDOOR CORPcall	$5,806,000	–	100,000	–	0.23%	–
BBBY	New	BED BATH & BEYOND INCcall	$5,702,000	–	100,000	–	0.23%	–
WFC	New	WELLS FARGO & CO NEWput	$5,135,000	–	100,000	–	0.20%	–
ADPTQ	New	ADEPTUS HEALTH INCput	$5,023,000	–	62,200	–	0.20%	–
KORS	New	MICHAEL KORS HLDGS LTDput	$4,224,000	–	100,000	–	0.17%	–
ADPTQ	New	ADEPTUS HEALTH INCcl a	$4,038,000	–	50,000	–	0.16%	–
AAL	New	AMERICAN AIRLS GROUP INC	$3,883,000	–	100,000	–	0.15%	–
GNRC	New	GENERAC HLDGS INCcall	$3,009,000	–	100,000	–	0.12%	–
HOG	Sell	HARLEY DAVIDSON INCcall	$2,745,000	-67.5%	50,000	-66.7%	0.11%	-62.8%
KORS	Exit	MICHAEL KORS HLDGS LTDcall	$0	–	-50,000	–	-0.07%	–
YELP	Exit	YELP INCcall	$0	–	-50,000	–	-0.08%	–
YELP	Exit	YELP INCput	$0	–	-50,000	–	-0.08%	–
FSLR	Exit	FIRST SOLAR INCput	$0	–	-50,000	–	-0.08%	–
ADT	Exit	THE ADT CORPORATIONput	$0	–	-200,000	–	-0.23%	–
RL	Exit	RALPH LAUREN CORPput	$0	–	-88,800	–	-0.41%	–
FXI	Exit	ISHARES TRput	$0	–	-300,000	–	-0.48%	–
EIGI	Exit	ENDURANCE INTL GROUP HLDGS I	$0	–	-680,000	–	-0.49%	–
AAL	Exit	AMERICAN AIRLS GROUP INCcall	$0	–	-360,000	–	-0.50%	–
P	Exit	PANDORA MEDIA INC	$0	–	-1,056,228	–	-0.57%	–
LUV	Exit	SOUTHWEST AIRLS COcall	$0	–	-510,000	–	-0.58%	–
WFC	Exit	WELLS FARGO & CO NEWcall	$0	–	-300,000	–	-0.58%	–
COH	Exit	COACH INCput	$0	–	-490,000	–	-0.59%	–
COH	Exit	COACH INCcall	$0	–	-500,000	–	-0.60%	–
DAL	Exit	DELTA AIR LINES INC DELcall	$0	–	-430,000	–	-0.61%	–
AXP	Exit	AMERICAN EXPRESS COcall	$0	–	-300,000	–	-0.81%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-135,600	–	-1.04%	–
AMZN	Exit	AMAZON COM INCcall	$0	–	-70,000	–	-1.05%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-120,000	–	-1.81%	–

Q2 2015

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$391,878,000	–	1,913	–	13.59%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$342,568,000	–	2,516,844	–	11.88%	–
WFC	New	WELLS FARGO & CO NEW	$200,347,000	–	3,562,349	–	6.95%	–
AMZN	New	AMAZON COM INC	$179,540,000	–	413,600	–	6.23%	–
UNP	New	UNION PAC CORPput	$97,754,000	–	1,025,000	–	3.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcall	$78,263,000	–	575,000	–	2.72%	–
KMX	New	CARMAX INC	$66,885,000	–	1,010,200	–	2.32%	–
TJX	New	TJX COS INC NEW	$65,436,000	–	988,900	–	2.27%	–
FLEX	New	FLEXTRONICS INTL LTDord	$56,501,000	–	4,995,700	–	1.96%	–
GLD	New	SPDR GOLD TRUST	$54,867,000	–	488,268	–	1.90%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$52,340,000	–	505,600	–	1.82%	–
AMZN	New	AMAZON COM INCput	$52,091,000	–	120,000	–	1.81%	–
AXP	New	AMERICAN EXPRESS CO	$51,458,000	–	662,100	–	1.78%	–
ESRX	New	EXPRESS SCRIPTS HLDG COput	$48,028,000	–	540,000	–	1.67%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$45,876,000	–	863,800	–	1.59%	–
MU	New	MICRON TECHNOLOGY INCcall	$45,216,000	–	2,400,000	–	1.57%	–
FNF	New	FIDELITY NATIONAL FINANCIAL	$43,718,000	–	1,181,900	–	1.52%	–
SC	New	SANTANDER CONSUMER USA HDG I	$42,740,000	–	1,671,500	–	1.48%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$41,805,000	–	727,300	–	1.45%	–
CHMT	New	CHEMTURA CORP	$41,568,000	–	1,468,300	–	1.44%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$40,219,000	–	476,300	–	1.40%	–
SLB	New	SCHLUMBERGER LTD	$40,096,000	–	465,200	–	1.39%	–
HA	New	HAWAIIAN HOLDINGS INC	$35,942,000	–	1,513,351	–	1.25%	–
P	New	PANDORA MEDIA INCcall	$35,540,000	–	2,287,000	–	1.23%	–
VNTV	New	VANTIV INCcl a	$31,369,000	–	821,400	–	1.09%	–
AMZN	New	AMAZON COM INCcall	$30,386,000	–	70,000	–	1.05%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$30,124,000	–	135,600	–	1.04%	–
WMT	New	WAL-MART STORES INC	$28,088,000	–	396,000	–	0.97%	–
COP	New	CONOCOPHILLIPS	$26,732,000	–	435,300	–	0.93%	–
LPI	New	LAREDO PETROLEUM INC	$25,403,000	–	2,019,300	–	0.88%	–
XOM	New	EXXON MOBIL CORP	$25,189,000	–	302,750	–	0.87%	–
UNP	New	UNION PAC CORPcall	$23,843,000	–	250,000	–	0.83%	–
CSCO	New	CISCO SYS INC	$23,660,000	–	861,600	–	0.82%	–
AXP	New	AMERICAN EXPRESS COcall	$23,316,000	–	300,000	–	0.81%	–
MS	New	MORGAN STANLEY	$21,575,000	–	556,200	–	0.75%	–
DSW	New	DSW INCcl a	$21,270,000	–	637,400	–	0.74%	–
BBBY	New	BED BATH & BEYOND INC	$20,673,000	–	299,700	–	0.72%	–
HOSSQ	New	HORNBECK OFFSHORE SVCS INC N	$20,512,000	–	999,100	–	0.71%	–
MU	New	MICRON TECHNOLOGY INC	$18,719,000	–	993,569	–	0.65%	–
COST	New	COSTCO WHSL CORP NEW	$18,355,000	–	135,900	–	0.64%	–
DAL	New	DELTA AIR LINES INC DELcall	$17,664,000	–	430,000	–	0.61%	–
HAL	New	HALLIBURTON CO	$17,633,000	–	409,400	–	0.61%	–
CNQ	New	CANADIAN NAT RES LTD	$17,396,000	–	640,500	–	0.60%	–
COH	New	COACH INCcall	$17,305,000	–	500,000	–	0.60%	–
COH	New	COACH INCput	$16,959,000	–	490,000	–	0.59%	–
WFC	New	WELLS FARGO & CO NEWcall	$16,872,000	–	300,000	–	0.58%	–
LUV	New	SOUTHWEST AIRLS COcall	$16,876,000	–	510,000	–	0.58%	–
DORM	New	DORMAN PRODUCTS INC	$16,848,000	–	353,500	–	0.58%	–
P	New	PANDORA MEDIA INC	$16,414,000	–	1,056,228	–	0.57%	–
AAL	New	AMERICAN AIRLS GROUP INCcall	$14,377,000	–	360,000	–	0.50%	–
EIGI	New	ENDURANCE INTL GROUP HLDGS I	$14,049,000	–	680,000	–	0.49%	–
FXI	New	ISHARES TRput	$13,830,000	–	300,000	–	0.48%	–
AXLL	New	AXIALL CORP	$12,754,000	–	353,800	–	0.44%	–
CAT	New	CATERPILLAR INC DELput	$12,723,000	–	150,000	–	0.44%	–
RL	New	RALPH LAUREN CORPput	$11,754,000	–	88,800	–	0.41%	–
DAL	New	DELTA AIR LINES INC DEL	$10,701,000	–	260,500	–	0.37%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$9,129,000	–	394,870	–	0.32%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$8,963,000	–	923,096	–	0.31%	–
LUV	New	SOUTHWEST AIRLS CO	$8,825,000	–	266,700	–	0.31%	–
F	New	FORD MTR CO DEL	$8,730,000	–	581,600	–	0.30%	–
NM	New	NAVIOS MARITIME HOLDINGS INC	$8,571,000	–	2,304,100	–	0.30%	–
HOG	New	HARLEY DAVIDSON INCcall	$8,453,000	–	150,000	–	0.29%	–
CDE	New	COEUR MNG INC	$8,386,000	–	1,468,600	–	0.29%	–
SU	New	SUNCOR ENERGY INC NEW	$7,981,000	–	290,000	–	0.28%	–
ADT	New	THE ADT CORPORATIONput	$6,714,000	–	200,000	–	0.23%	–
SWHC	New	SMITH & WESSON HLDG CORP	$5,773,000	–	348,000	–	0.20%	–
GG	New	GOLDCORP INC NEW	$2,744,000	–	169,400	–	0.10%	–
FLEX	New	FLEXTRONICS INTL LTDcall	$2,601,000	–	230,000	–	0.09%	–
FSLR	New	FIRST SOLAR INCput	$2,349,000	–	50,000	–	0.08%	–
YELP	New	YELP INCput	$2,152,000	–	50,000	–	0.08%	–
YELP	New	YELP INCcall	$2,152,000	–	50,000	–	0.08%	–
ANF	New	ABERCROMBIE & FITCH COput	$2,151,000	–	100,000	–	0.08%	–
KORS	New	MICHAEL KORS HLDGS LTDcall	$2,105,000	–	50,000	–	0.07%	–
WMAR	New	WEST MARINE INC	$1,132,000	–	117,400	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
SGMS	Exit	SCIENTIFIC GAMES CORPcl a	$0	–	-15,000	–	-0.01%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INC	$0	–	-50,000	–	-0.01%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INCput	$0	–	-50,000	–	-0.01%	–
CMLS	Exit	CUMULUS MEDIA INCcl a	$0	–	-100,000	–	-0.01%	–
BIG	Exit	BIG LOTS INCput	$0	–	-20,000	–	-0.03%	–
WMAR	Exit	WEST MARINE INC	$0	–	-102,100	–	-0.03%	–
RICE	Exit	RICE ENERGY INCput	$0	–	-50,000	–	-0.04%	–
FIG	Exit	FORTRESS INVESTMENT GROUP LLcl a	$0	–	-300,000	–	-0.07%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-50,200	–	-0.11%	–
LUV	Exit	SOUTHWEST AIRLS COcall	$0	–	-100,000	–	-0.11%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-378,000	–	-0.12%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-100,700	–	-0.12%	–
IBOC	Exit	INTERNATIONAL BANCSHARES COR	$0	–	-150,000	–	-0.12%	–
FNFV	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-294,161	–	-0.13%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-177,700	–	-0.13%	–
DAL	Exit	DELTA AIR LINES INC DELput	$0	–	-150,000	–	-0.17%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-50,000	–	-0.18%	–
TREX	Exit	TREX CO INC	$0	–	-160,000	–	-0.18%	–
HOG	Exit	HARLEY DAVIDSON INCput	$0	–	-150,000	–	-0.28%	–
F	Exit	FORD MTR CO DEL	$0	–	-611,700	–	-0.29%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-70,000	–	-0.30%	–
LUV	Exit	SOUTHWEST AIRLS COput	$0	–	-300,000	–	-0.32%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-262,100	–	-0.34%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-304,600	–	-0.35%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-981,796	–	-0.37%	–
ADSK	Exit	AUTODESK INC	$0	–	-221,200	–	-0.39%	–
NM	Exit	NAVIOS MARITIME HOLDINGS INC	$0	–	-2,205,600	–	-0.42%	–
JNS	Exit	JANUS CAP GROUP INC	$0	–	-1,100,000	–	-0.51%	–
MS	Exit	MORGAN STANLEYput	$0	–	-500,000	–	-0.56%	–
FSLR	Exit	FIRST SOLAR INCput	$0	–	-267,600	–	-0.56%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-143,000	–	-0.58%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLcall	$0	–	-150,000	–	-0.63%	–
EEM	Exit	ISHARES TRput	$0	–	-500,000	–	-0.67%	–
AXLL	Exit	AXIALL CORP	$0	–	-631,400	–	-0.73%	–
DSW	Exit	DSW INCcl a	$0	–	-751,300	–	-0.73%	–
PSX	Exit	PHILLIPS 66	$0	–	-300,000	–	-0.78%	–
LL	Exit	LUMBER LIQUIDATORS HLDGS INC	$0	–	-446,100	–	-0.82%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-724,200	–	-0.84%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-863,400	–	-0.86%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-316,250	–	-0.96%	–
CSCO	Exit	CISCO SYS INC	$0	–	-1,204,700	–	-0.97%	–
HAL	Exit	HALLIBURTON CO	$0	–	-481,100	–	-1.00%	–
DOW	Exit	DOW CHEM COcall	$0	–	-600,000	–	-1.01%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-416,200	–	-1.02%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-1,202,570	–	-1.08%	–
FNF	Exit	FIDELITY NATIONAL FINANCIAL	$0	–	-1,241,000	–	-1.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcall	$0	–	-250,000	–	-1.11%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-457,500	–	-1.12%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-1,120,167	–	-1.18%	–
LAMR	Exit	LAMAR ADVERTISING COcl a	$0	–	-760,400	–	-1.20%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-1,153,200	–	-1.25%	–
MS	Exit	MORGAN STANLEY	$0	–	-1,150,000	–	-1.28%	–
HOSSQ	Exit	HORNBECK OFFSHORE SVCS INC N	$0	–	-1,224,286	–	-1.29%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELput	$0	–	-301,500	–	-1.34%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-924,400	–	-1.40%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-463,368	–	-1.73%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-644,400	–	-1.81%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-565,500	–	-1.85%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,488,400	–	-1.86%	–
WAG	Exit	WALGREEN CO	$0	–	-1,168,600	–	-2.22%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COput	$0	–	-1,000,000	–	-2.27%	–
TJX	Exit	TJX COS INC NEW	$0	–	-1,223,500	–	-2.32%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-2,731,200	–	-3.00%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-4,338,935	–	-3.25%	–
KMX	Exit	CARMAX INC	$0	–	-2,449,400	–	-3.65%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-1,071,100	–	-3.74%	–
ANF	Exit	ABERCROMBIE & FITCH COput	$0	–	-3,345,100	–	-3.90%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-4,389,249	–	-7.31%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1,913	–	-12.71%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-3,876,531	–	-17.19%	–

Q3 2014

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$535,504,000	+2.6%	3,876,531	-6.0%	17.19%	+8.2%
ANF	Buy	ABERCROMBIE & FITCH COput	$121,561,000	+9.5%	3,345,100	+30.3%	3.90%	+15.5%
CHMT	Sell	CHEMTURA CORP	$101,227,000	-16.3%	4,338,935	-6.2%	3.25%	-11.7%
MU	Sell	MICRON TECHNOLOGY INC	$93,571,000	-7.8%	2,731,200	-11.4%	3.00%	-2.8%
ESRX	Buy	EXPRESS SCRIPTS HLDG COput	$70,630,000	+154.7%	1,000,000	+150.0%	2.27%	+168.6%
WAG	Sell	WALGREEN CO	$69,263,000	-26.3%	1,168,600	-7.9%	2.22%	-22.3%
RHP	Buy	RYMAN HOSPITALITY PPTYS INC	$43,724,000	+0.5%	924,400	+2.3%	1.40%	+6.0%
BRKB	New	BERKSHIRE HATHAWAY INC DELput	$41,649,000	–	301,500	–	1.34%	–
MS	Sell	MORGAN STANLEY	$39,756,000	-4.5%	1,150,000	-10.7%	1.28%	+0.7%
LUV	Sell	SOUTHWEST AIRLS CO	$38,944,000	-0.2%	1,153,200	-20.6%	1.25%	+5.2%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcall	$34,535,000	-71.0%	250,000	-73.4%	1.11%	-69.4%
FNF	New	FIDELITY NATIONAL FINANCIAL	$34,425,000	–	1,241,000	–	1.10%	–
KS	Sell	KAPSTONE PAPER & PACKAGING C	$33,636,000	-32.4%	1,202,570	-20.0%	1.08%	-28.7%
DOW	New	DOW CHEM COcall	$31,464,000	–	600,000	–	1.01%	–
HAL	Buy	HALLIBURTON CO	$31,036,000	-3.2%	481,100	+6.5%	1.00%	+2.0%
DAL	Sell	DELTA AIR LINES INC DEL	$26,180,000	-55.6%	724,200	-52.5%	0.84%	-53.2%
LL	Buy	LUMBER LIQUIDATORS HLDGS INC	$25,597,000	+169.2%	446,100	+256.3%	0.82%	+184.4%
PSX	Sell	PHILLIPS 66	$24,393,000	-18.0%	300,000	-18.9%	0.78%	-13.5%
DSW	Buy	DSW INCcl a	$22,622,000	+148.4%	751,300	+130.5%	0.73%	+162.1%
AXLL	Buy	AXIALL CORP	$22,610,000	+28.8%	631,400	+70.0%	0.73%	+36.0%
EEM	New	ISHARES TRput	$20,780,000	–	500,000	–	0.67%	–
VRX	New	VALEANT PHARMACEUTICALS INTLcall	$19,680,000	–	150,000	–	0.63%	–
FSLR	Buy	FIRST SOLAR INCput	$17,611,000	+54.9%	267,600	+67.2%	0.56%	+63.3%
MS	New	MORGAN STANLEYput	$17,285,000	–	500,000	–	0.56%	–
JNS	New	JANUS CAP GROUP INC	$15,994,000	–	1,100,000	–	0.51%	–
NM	Buy	NAVIOS MARITIME HOLDINGS INC	$13,234,000	-31.4%	2,205,600	+15.7%	0.42%	-27.6%
ADSK	Sell	AUTODESK INC	$12,188,000	-34.7%	221,200	-33.2%	0.39%	-31.2%
DORM	New	DORMAN PRODUCTS INC	$10,500,000	–	262,100	–	0.34%	–
LUV	New	SOUTHWEST AIRLS COput	$10,131,000	–	300,000	–	0.32%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$9,184,000	–	70,000	–	0.30%	–
HOG	Buy	HARLEY DAVIDSON INCput	$8,730,000	+25.0%	150,000	+50.0%	0.28%	+31.5%
TREX	New	TREX CO INC	$5,531,000	–	160,000	–	0.18%	–
IWM	New	ISHARES TRrussell 2000 etf	$5,468,000	–	50,000	–	0.18%	–
DAL	Sell	DELTA AIR LINES INC DELput	$5,423,000	-30.0%	150,000	-25.0%	0.17%	-26.3%
FNFV	New	FIDELITY NATIONAL FINANCIAL	$4,048,000	–	294,161	–	0.13%	–
IBOC	Sell	INTERNATIONAL BANCSHARES COR	$3,700,000	-66.0%	150,000	-62.8%	0.12%	-64.2%
AAL	Sell	AMERICAN AIRLS GROUP INC	$3,573,000	-58.6%	100,700	-49.8%	0.12%	-56.1%
LUV	New	SOUTHWEST AIRLS COcall	$3,377,000	–	100,000	–	0.11%	–
FIG	New	FORTRESS INVESTMENT GROUP LLcl a	$2,064,000	–	300,000	–	0.07%	–
RICE	New	RICE ENERGY INCput	$1,330,000	–	50,000	–	0.04%	–
CMLS	New	CUMULUS MEDIA INCcl a	$403,000	–	100,000	–	0.01%	–
ESINQ	Sell	ITT EDUCATIONAL SERVICES INC	$215,000	-97.7%	50,000	-90.9%	0.01%	-97.5%
ESINQ	Sell	ITT EDUCATIONAL SERVICES INCput	$215,000	-95.3%	50,000	-81.8%	0.01%	-95.0%
SGMS	New	SCIENTIFIC GAMES CORPcl a	$162,000	–	15,000	–	0.01%	–
PETM	Exit	PETSMART INCcall	$0	–	-20,000	–	-0.04%	–
DGX	Exit	QUEST DIAGNOSTICS INCcall	$0	–	-20,000	–	-0.04%	–
ADT	Exit	THE ADT CORPORATIONput	$0	–	-50,000	–	-0.05%	–
AXLL	Exit	AXIALL CORPcall	$0	–	-50,000	–	-0.07%	–
ESINQ	Exit	ITT EDUCATIONAL SERVICES INCcall	$0	–	-150,000	–	-0.08%	–
KSS	Exit	KOHLS CORPput	$0	–	-50,000	–	-0.08%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-50,000	–	-0.17%	–
APC	Exit	ANADARKO PETE CORPput	$0	–	-50,000	–	-0.17%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-100,000	–	-0.21%	–
LH	Exit	LABORATORY CORP AMER HLDGSput	$0	–	-70,000	–	-0.22%	–
BB	Exit	BLACKBERRY LTD	$0	–	-903,400	–	-0.28%	–
LH	Exit	LABORATORY CORP AMER HLDGScall	$0	–	-100,000	–	-0.31%	–
HOG	Exit	HARLEY DAVIDSON INCcall	$0	–	-200,000	–	-0.42%	–
PDH	Exit	PETROLOGISTICS LPunit ltd pth int	$0	–	-1,044,814	–	-0.46%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-90,300	–	-0.46%	–
2100PS	Exit	GENCORP INC	$0	–	-813,400	–	-0.47%	–
PETM	Exit	PETSMART INCput	$0	–	-350,000	–	-0.64%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALcl a	$0	–	-960,600	–	-0.96%	–
IWM	Exit	ISHAREScall	$0	–	-300,000	–	-1.08%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-796,900	–	-1.37%	–

Q2 2014

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$522,127,000	–	4,125,531	–	15.89%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$363,280,000	–	1,913	–	11.06%	–
WFC	New	WELLS FARGO & CO NEW	$230,699,000	–	4,389,249	–	7.02%	–
KMX	New	CARMAX INC	$127,393,000	–	2,449,400	–	3.88%	–
CHMT	New	CHEMTURA CORP	$120,889,000	–	4,626,450	–	3.68%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcall	$118,966,000	–	940,000	–	3.62%	–
ANF	New	ABERCROMBIE & FITCH COput	$111,036,000	–	2,567,300	–	3.38%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$104,593,000	–	1,071,100	–	3.18%	–
MU	New	MICRON TECHNOLOGY INC	$101,526,000	–	3,081,200	–	3.09%	–
WAG	New	WALGREEN CO	$94,041,000	–	1,268,600	–	2.86%	–
CNQ	New	CANADIAN NAT RES LTD	$68,332,000	–	1,488,400	–	2.08%	–
SLB	New	SCHLUMBERGER LTD	$66,701,000	–	565,500	–	2.03%	–
TJX	New	TJX COS INC NEW	$65,029,000	–	1,223,500	–	1.98%	–
AXP	New	AMERICAN EXPRESS CO	$61,134,000	–	644,400	–	1.86%	–
GLD	New	SPDR GOLD TRUST	$59,330,000	–	463,368	–	1.81%	–
DAL	New	DELTA AIR LINES INC DEL	$59,017,000	–	1,524,200	–	1.80%	–
HOSSQ	New	HORNBECK OFFSHORE SVCS INC N	$57,443,000	–	1,224,286	–	1.75%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$49,780,000	–	1,502,570	–	1.52%	–
HCA	New	HCA HOLDINGS INC	$44,929,000	–	796,900	–	1.37%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$43,499,000	–	903,400	–	1.32%	–
MS	New	MORGAN STANLEY	$41,648,000	–	1,288,200	–	1.27%	–
LAMR	New	LAMAR ADVERTISING COcl a	$40,301,000	–	760,400	–	1.23%	–
COP	New	CONOCOPHILLIPS	$39,221,000	–	457,500	–	1.19%	–
LUV	New	SOUTHWEST AIRLS CO	$39,033,000	–	1,453,200	–	1.19%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$37,402,000	–	1,120,167	–	1.14%	–
IWM	New	ISHAREScall	$35,643,000	–	300,000	–	1.08%	–
HAL	New	HALLIBURTON CO	$32,075,000	–	451,700	–	0.98%	–
XOM	New	EXXON MOBIL CORP	$31,840,000	–	316,250	–	0.97%	–
FNF	New	FIDELITY NATIONAL FINANCIALcl a	$31,469,000	–	960,600	–	0.96%	–
WMT	New	WAL-MART STORES INC	$31,244,000	–	416,200	–	0.95%	–
CSCO	New	CISCO SYS INC	$29,937,000	–	1,204,700	–	0.91%	–
PSX	New	PHILLIPS 66	$29,738,000	–	369,737	–	0.90%	–
VNTV	New	VANTIV INCcl a	$29,028,000	–	863,400	–	0.88%	–
ESRX	New	EXPRESS SCRIPTS HLDG COput	$27,732,000	–	400,000	–	0.84%	–
PETM	New	PETSMART INCput	$20,930,000	–	350,000	–	0.64%	–
NM	New	NAVIOS MARITIME HOLDINGS INC	$19,299,000	–	1,907,000	–	0.59%	–
ADSK	New	AUTODESK INC	$18,673,000	–	331,200	–	0.57%	–
AXLL	New	AXIALL CORP	$17,556,000	–	371,400	–	0.53%	–
COST	New	COSTCO WHSL CORP NEW	$16,468,000	–	143,000	–	0.50%	–
2100PS	New	GENCORP INC	$15,536,000	–	813,400	–	0.47%	–
GS	New	GOLDMAN SACHS GROUP INC	$15,120,000	–	90,300	–	0.46%	–
PDH	New	PETROLOGISTICS LPunit ltd pth int	$15,004,000	–	1,044,814	–	0.46%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$14,383,000	–	981,796	–	0.44%	–
HOG	New	HARLEY DAVIDSON INCcall	$13,970,000	–	200,000	–	0.42%	–
SU	New	SUNCOR ENERGY INC NEW	$12,985,000	–	304,600	–	0.40%	–
FSLR	New	FIRST SOLAR INCput	$11,370,000	–	160,000	–	0.35%	–
IBOC	New	INTERNATIONAL BANCSHARES COR	$10,897,000	–	403,600	–	0.33%	–
F	New	FORD MTR CO DEL	$10,546,000	–	611,700	–	0.32%	–
LH	New	LABORATORY CORP AMER HLDGScall	$10,240,000	–	100,000	–	0.31%	–
LL	New	LUMBER LIQUIDATORS HLDGS INC	$9,509,000	–	125,200	–	0.29%	–
BB	New	BLACKBERRY LTD	$9,251,000	–	903,400	–	0.28%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INC	$9,183,000	–	550,222	–	0.28%	–
DSW	New	DSW INCcl a	$9,108,000	–	326,000	–	0.28%	–
AAL	New	AMERICAN AIRLS GROUP INC	$8,622,000	–	200,700	–	0.26%	–
DAL	New	DELTA AIR LINES INC DELput	$7,744,000	–	200,000	–	0.24%	–
LH	New	LABORATORY CORP AMER HLDGSput	$7,168,000	–	70,000	–	0.22%	–
HOG	New	HARLEY DAVIDSON INCput	$6,985,000	–	100,000	–	0.21%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,933,000	–	100,000	–	0.21%	–
APC	New	ANADARKO PETE CORPput	$5,474,000	–	50,000	–	0.17%	–
APC	New	ANADARKO PETE CORP	$5,474,000	–	50,000	–	0.17%	–
SWHC	New	SMITH & WESSON HLDG CORP	$5,496,000	–	378,000	–	0.17%	–
GG	New	GOLDCORP INC NEW	$4,960,000	–	177,700	–	0.15%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INCput	$4,590,000	–	275,000	–	0.14%	–
BBBY	New	BED BATH & BEYOND INC	$2,880,000	–	50,200	–	0.09%	–
KSS	New	KOHLS CORPput	$2,634,000	–	50,000	–	0.08%	–
ESINQ	New	ITT EDUCATIONAL SERVICES INCcall	$2,504,000	–	150,000	–	0.08%	–
AXLL	New	AXIALL CORPcall	$2,364,000	–	50,000	–	0.07%	–
ADT	New	THE ADT CORPORATIONput	$1,747,000	–	50,000	–	0.05%	–
DGX	New	QUEST DIAGNOSTICS INCcall	$1,174,000	–	20,000	–	0.04%	–
PETM	New	PETSMART INCcall	$1,196,000	–	20,000	–	0.04%	–
WMAR	New	WEST MARINE INC	$1,048,000	–	102,100	–	0.03%	–
BIG	New	BIG LOTS INCput	$914,000	–	20,000	–	0.03%	–

Q4 2013

			Value		Shares		↓ Weighting
WMAR	Exit	WEST MARINE INC	$0	–	-100,500	–	-0.04%	–
ADT	Exit	THE ADT CORPORATIONput	$0	–	-30,000	–	-0.04%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-31,900	–	-0.07%	–
ATHN	Exit	ATHENAHEALTH INCput	$0	–	-20,000	–	-0.08%	–
WPRT	Exit	WESTPORT INNOVATIONS INCput	$0	–	-100,000	–	-0.08%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COcall	$0	–	-50,000	–	-0.11%	–
FSLR	Exit	FIRST SOLAR INCput	$0	–	-100,000	–	-0.14%	–
SWHC	Exit	SMITH & WESSON HLDG CORP	$0	–	-383,300	–	-0.15%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-100,000	–	-0.15%	–
WPRT	Exit	WESTPORT INNOVATIONS INCcall	$0	–	-300,000	–	-0.25%	–
ETH	Exit	ETHAN ALLEN INTERIORS INC	$0	–	-286,800	–	-0.28%	–
LQDT	Exit	LIQUIDITY SERVICES INC	$0	–	-250,040	–	-0.29%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-501,200	–	-0.32%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-389,400	–	-0.35%	–
F	Exit	FORD MTR CO DEL	$0	–	-602,500	–	-0.35%	–
ANF	Exit	ABERCROMBIE & FITCH COput	$0	–	-300,000	–	-0.37%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-300,000	–	-0.37%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-435,785	–	-0.40%	–
ASA	Exit	ASA GOLD AND PRECIOUS MTLS L	$0	–	-1,093,000	–	-0.50%	–
WMT	Exit	WAL-MART STORES INCput	$0	–	-200,000	–	-0.51%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-140,800	–	-0.56%	–
M	Exit	MACYS INC	$0	–	-410,300	–	-0.61%	–
ANF	Exit	ABERCROMBIE & FITCH COcall	$0	–	-550,000	–	-0.67%	–
PDH	Exit	PETROLOGISTICS LPunit ltd pth int	$0	–	-1,934,765	–	-0.80%	–
VNTV	Exit	VANTIV INCcl a	$0	–	-850,000	–	-0.82%	–
PSX	Exit	PHILLIPS 66	$0	–	-413,637	–	-0.83%	–
BIG	Exit	BIG LOTS INCput	$0	–	-650,000	–	-0.83%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-154,700	–	-0.85%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO	$0	–	-339,000	–	-0.87%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-310,550	–	-0.92%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-1,875,900	–	-0.94%	–
MS	Exit	MORGAN STANLEY	$0	–	-1,021,500	–	-0.95%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-655,000	–	-0.97%	–
IWM	Exit	ISHARESrussell 2000 etf	$0	–	-265,000	–	-0.98%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-410,000	–	-1.05%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-1,120,550	–	-1.09%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-500,000	–	-1.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcall	$0	–	-315,000	–	-1.24%	–
VOD	Exit	VODAFONE GROUP PLC NEWspons adr new	$0	–	-1,095,400	–	-1.33%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG COput	$0	–	-650,000	–	-1.39%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-445,800	–	-1.44%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-500,800	–	-1.50%	–
LAMR	Exit	LAMAR ADVERTISING COcl a	$0	–	-946,600	–	-1.54%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG BV	$0	–	-1,185,400	–	-1.57%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,466,000	–	-1.60%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-632,600	–	-1.65%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-557,000	–	-1.70%	–
CSCO	Exit	CISCO SYS INCcall	$0	–	-2,150,000	–	-1.74%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-3,034,900	–	-1.84%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-455,268	–	-2.02%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-2,523,900	–	-2.06%	–
TJX	Exit	TJX COS INC NEW	$0	–	-1,205,000	–	-2.35%	–
HOSSQ	Exit	HORNBECK OFFSHORE SVCS INC N	$0	–	-1,266,026	–	-2.52%	–
WAG	Exit	WALGREEN CO	$0	–	-1,645,100	–	-3.06%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-3,995,800	–	-3.18%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-1,450,200	–	-3.68%	–
GMCR	Exit	GREEN MTN COFFEE ROASTERS IN	$0	–	-1,453,000	–	-3.79%	–
KMX	Exit	CARMAX INC	$0	–	-2,412,500	–	-4.05%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,500,000	–	-4.46%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-4,273,249	–	-6.11%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1,909	–	-11.26%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-3,340,476	–	-13.12%	–

Q3 2013

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$379,177,000	-16.4%	3,340,476	-17.6%	13.12%	-9.8%
CSCO	Buy	CISCO SYS INC	$128,870,000	+25.9%	5,500,000	+30.8%	4.46%	+36.0%
KMX	Sell	CARMAX INC	$116,934,000	-15.9%	2,412,500	-19.9%	4.05%	-9.2%
GMCR	Sell	GREEN MTN COFFEE ROASTERS IN	$109,454,000	-26.6%	1,453,000	-26.7%	3.79%	-20.8%
HOSSQ	Sell	HORNBECK OFFSHORE SVCS INC N	$72,721,000	+3.3%	1,266,026	-3.8%	2.52%	+11.6%
MU	Buy	MICRON TECHNOLOGY INC	$53,017,000	+46.0%	3,034,900	+19.7%	1.84%	+57.6%
CSCO	Sell	CISCO SYS INCcall	$50,377,000	-64.0%	2,150,000	-62.6%	1.74%	-61.1%
SLB	Buy	SCHLUMBERGER LTD	$49,217,000	+50.3%	557,000	+21.9%	1.70%	+62.3%
CNQ	Buy	CANADIAN NAT RES LTD	$46,091,000	+198.8%	1,466,000	+168.6%	1.60%	+222.9%
PM	Sell	PHILIP MORRIS INTL INC	$43,364,000	-16.7%	500,800	-16.6%	1.50%	-10.0%
APC	Sell	ANADARKO PETE CORP	$41,455,000	-36.2%	445,800	-41.0%	1.44%	-31.0%
ESRX	Buy	EXPRESS SCRIPTS HLDG COput	$40,170,000	+8.4%	650,000	+8.3%	1.39%	+17.1%
VOD	Buy	VODAFONE GROUP PLC NEWspons adr new	$38,536,000	+45.2%	1,095,400	+18.7%	1.33%	+56.9%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcall	$35,756,000	+2029.6%	315,000	+2000.0%	1.24%	+2190.7%
COP	Sell	CONOCOPHILLIPS	$34,755,000	-23.4%	500,000	-33.3%	1.20%	-17.3%
WMT	Sell	WAL-MART STORES INC	$30,324,000	-20.2%	410,000	-19.6%	1.05%	-13.8%
IWM	New	ISHARESrussell 2000 etf	$28,252,000	–	265,000	–	0.98%	–
KS	Buy	KAPSTONE PAPER & PACKAGING C	$28,034,000	+32.9%	655,000	+24.8%	0.97%	+43.5%
MJN	New	MEAD JOHNSON NUTRITION CO	$25,174,000	–	339,000	–	0.87%	–
GS	Sell	GOLDMAN SACHS GROUP INC	$24,475,000	-40.6%	154,700	-43.2%	0.85%	-35.8%
BIG	Sell	BIG LOTS INCput	$24,109,000	-4.6%	650,000	-18.9%	0.83%	+3.0%
PSX	Sell	PHILLIPS 66	$23,916,000	-38.8%	413,637	-37.7%	0.83%	-33.9%
ANF	New	ABERCROMBIE & FITCH COcall	$19,454,000	–	550,000	–	0.67%	–
WMT	New	WAL-MART STORES INCput	$14,792,000	–	200,000	–	0.51%	–
SU	New	SUNCOR ENERGY INC NEW	$10,734,000	–	300,000	–	0.37%	–
ANF	New	ABERCROMBIE & FITCH COput	$10,611,000	–	300,000	–	0.37%	–
LQDT	Buy	LIQUIDITY SERVICES INC	$8,376,000	+118.8%	250,040	+126.5%	0.29%	+135.8%
WPRT	New	WESTPORT INNOVATIONS INCcall	$7,257,000	–	300,000	–	0.25%	–
HCA	New	HCA HOLDINGS INC	$4,275,000	–	100,000	–	0.15%	–
ESRX	Sell	EXPRESS SCRIPTS HLDG COcall	$3,090,000	-83.3%	50,000	-83.3%	0.11%	-82.0%
WPRT	New	WESTPORT INNOVATIONS INCput	$2,419,000	–	100,000	–	0.08%	–
ATHN	Sell	ATHENAHEALTH INCput	$2,172,000	-74.4%	20,000	-80.0%	0.08%	-72.4%
DECK	Sell	DECKERS OUTDOOR CORP	$2,103,000	-32.7%	31,900	-48.5%	0.07%	-27.0%
ADT	Sell	THE ADT CORPORATIONput	$1,220,000	-88.7%	30,000	-88.9%	0.04%	-87.8%
TRN	Exit	TRINITY INDS INCcall	$0	–	-64,100	–	-0.08%	–
MTG	Exit	MGIC INVT CORP WIS	$0	–	-511,700	–	-0.10%	–
TRN	Exit	TRINITY INDS INCput	$0	–	-100,000	–	-0.12%	–
FDO	Exit	FAMILY DLR STORES INCput	$0	–	-100,000	–	-0.20%	–
SLB	Exit	SCHLUMBERGER LTDcall	$0	–	-100,000	–	-0.23%	–
AOL	Exit	AOL INCput	$0	–	-200,000	–	-0.23%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-178,600	–	-0.42%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-351,500	–	-0.56%	–
CSX	Exit	CSX CORP	$0	–	-800,100	–	-0.60%	–
APC	Exit	ANADARKO PETE CORPput	$0	–	-350,000	–	-0.96%	–
IWM	Exit	ISHARES TRcall	$0	–	-490,000	–	-1.52%	–
GMCR	Exit	GREEN MTN COFFEE ROASTERS INput	$0	–	-1,100,000	–	-2.65%	–

Q2 2013

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$453,796,000	–	4,054,648	–	14.54%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$321,857,000	–	1,909	–	10.31%	–
WFC	New	WELLS FARGO & CO NEW	$176,357,000	–	4,273,249	–	5.65%	–
GMCR	New	GREEN MTN COFFEE ROASTERS IN	$149,157,000	–	1,983,000	–	4.78%	–
CSCO	New	CISCO SYS INCcall	$139,992,000	–	5,752,700	–	4.49%	–
KMX	New	CARMAX INC	$139,057,000	–	3,012,500	–	4.46%	–
CSCO	New	CISCO SYS INC	$102,333,000	–	4,205,182	–	3.28%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$96,090,000	–	1,450,200	–	3.08%	–
GMCR	New	GREEN MTN COFFEE ROASTERS INput	$82,740,000	–	1,100,000	–	2.65%	–
CHMT	New	CHEMTURA CORP	$81,115,000	–	3,995,800	–	2.60%	–
WAG	New	WALGREEN CO	$72,713,000	–	1,645,100	–	2.33%	–
HOSSQ	New	HORNBECK OFFSHORE SVCS INC N	$70,407,000	–	1,316,026	–	2.26%	–
APC	New	ANADARKO PETE CORP	$64,946,000	–	755,800	–	2.08%	–
TJX	New	TJX COS INC NEW	$60,322,000	–	1,205,000	–	1.93%	–
GLD	New	SPDR GOLD TRUST	$54,227,000	–	455,268	–	1.74%	–
PM	New	PHILIP MORRIS INTL INC	$52,041,000	–	600,800	–	1.67%	–
IWM	New	ISHARES TRcall	$47,530,000	–	490,000	–	1.52%	–
AXP	New	AMERICAN EXPRESS CO	$47,293,000	–	632,600	–	1.52%	–
DAL	New	DELTA AIR LINES INC DEL	$47,222,000	–	2,523,900	–	1.51%	–
COP	New	CONOCOPHILLIPS	$45,375,000	–	750,000	–	1.45%	–
ST	New	SENSATA TECHNOLOGIES HLDG BV	$41,370,000	–	1,185,400	–	1.33%	–
GS	New	GOLDMAN SACHS GROUP INC	$41,170,000	–	272,200	–	1.32%	–
LAMR	New	LAMAR ADVERTISING COcl a	$41,073,000	–	946,600	–	1.32%	–
PSX	New	PHILLIPS 66	$39,095,000	–	663,637	–	1.25%	–
WMT	New	WAL-MART STORES INC	$37,990,000	–	510,000	–	1.22%	–
ESRX	New	EXPRESS SCRIPTS HLDG COput	$37,044,000	–	600,000	–	1.19%	–
MU	New	MICRON TECHNOLOGY INC	$36,325,000	–	2,534,900	–	1.16%	–
NEM	New	NEWMONT MINING CORP	$33,560,000	–	1,120,550	–	1.08%	–
SLB	New	SCHLUMBERGER LTD	$32,749,000	–	457,000	–	1.05%	–
APC	New	ANADARKO PETE CORPput	$30,076,000	–	350,000	–	0.96%	–
XOM	New	EXXON MOBIL CORP	$28,058,000	–	310,550	–	0.90%	–
VOD	New	VODAFONE GROUP PLC NEWspons adr new	$26,532,000	–	923,000	–	0.85%	–
PDH	New	PETROLOGISTICS LPunit ltd pth int	$25,636,000	–	1,934,765	–	0.82%	–
BIG	New	BIG LOTS INCput	$25,274,000	–	801,600	–	0.81%	–
MS	New	MORGAN STANLEY	$24,955,000	–	1,021,500	–	0.80%	–
LUV	New	SOUTHWEST AIRLS CO	$24,180,000	–	1,875,900	–	0.78%	–
VNTV	New	VANTIV INCcl a	$23,460,000	–	850,000	–	0.75%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$21,095,000	–	525,000	–	0.68%	–
M	New	MACYS INC	$19,694,000	–	410,300	–	0.63%	–
CSX	New	CSX CORP	$18,554,000	–	800,100	–	0.60%	–
ESRX	New	EXPRESS SCRIPTS HLDG COcall	$18,522,000	–	300,000	–	0.59%	–
HRS	New	HARRIS CORP DEL	$17,311,000	–	351,500	–	0.56%	–
COST	New	COSTCO WHSL CORP NEW	$15,568,000	–	140,800	–	0.50%	–
CNQ	New	CANADIAN NAT RES LTD	$15,427,000	–	545,894	–	0.49%	–
ASA	New	ASA GOLD AND PRECIOUS MTLS L	$13,881,000	–	1,093,000	–	0.44%	–
NSC	New	NORFOLK SOUTHERN CORP	$12,975,000	–	178,600	–	0.42%	–
AEM	New	AGNICO EAGLE MINES LTD	$12,002,000	–	435,785	–	0.38%	–
ADT	New	THE ADT CORPORATIONput	$10,760,000	–	270,000	–	0.34%	–
GG	New	GOLDCORP INC NEW	$9,630,000	–	389,400	–	0.31%	–
F	New	FORD MTR CO DEL	$9,321,000	–	602,500	–	0.30%	–
ATHN	New	ATHENAHEALTH INCput	$8,473,000	–	100,000	–	0.27%	–
ETH	New	ETHAN ALLEN INTERIORS INC	$8,260,000	–	286,800	–	0.26%	–
GOLD	New	BARRICK GOLD CORP	$7,889,000	–	501,200	–	0.25%	–
AOL	New	AOL INCput	$7,296,000	–	200,000	–	0.23%	–
SLB	New	SCHLUMBERGER LTDcall	$7,166,000	–	100,000	–	0.23%	–
FDO	New	FAMILY DLR STORES INCput	$6,231,000	–	100,000	–	0.20%	–
FSLR	New	FIRST SOLAR INCput	$4,481,000	–	100,000	–	0.14%	–
SWHC	New	SMITH & WESSON HLDG CORP	$3,825,000	–	383,300	–	0.12%	–
TRN	New	TRINITY INDS INCput	$3,844,000	–	100,000	–	0.12%	–
LQDT	New	LIQUIDITY SERVICES INC	$3,828,000	–	110,400	–	0.12%	–
DECK	New	DECKERS OUTDOOR CORP	$3,127,000	–	61,900	–	0.10%	–
MTG	New	MGIC INVT CORP WIS	$3,106,000	–	511,700	–	0.10%	–
TRN	New	TRINITY INDS INCcall	$2,464,000	–	64,100	–	0.08%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcall	$1,679,000	–	15,000	–	0.05%	–
WMAR	New	WEST MARINE INC	$1,106,000	–	100,500	–	0.04%	–

Compare quarters

Export WS MANAGEMENT LLLP's holdings