Onex Canada Asset Management Inc. Activity Q4 2008-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AON	Sell	AON PLC	$41,897,009	-13.6%	129,224	-8.0%	3.21%	+9.4%
ENB	Sell	ENBRIDGE INC	$37,339,190	-22.7%	1,125,646	-13.4%	2.86%	-2.2%
	Sell	APOLLO GLOBAL MGMT INC	$36,913,710	-18.5%	411,249	-30.2%	2.83%	+3.2%
MSFT	Sell	MICROSOFT CORP	$34,583,468	-21.1%	109,528	-14.9%	2.65%	-0.1%
AAPL	Sell	APPLE INC	$32,985,319	-22.3%	192,660	-12.0%	2.53%	-1.7%
TD	Sell	TORONTO DOMINION BK ONT	$32,769,781	-31.3%	543,867	-29.3%	2.51%	-13.0%
MMC	Sell	MARSH & MCLENNAN COS INC	$28,576,592	-11.9%	150,166	-13.0%	2.19%	+11.5%
RY	Sell	ROYAL BK CDA	$28,330,153	-34.5%	324,138	-28.4%	2.17%	-17.0%
FB	Sell	META PLATFORMS INCcl a	$28,111,966	-9.4%	93,641	-13.4%	2.15%	+14.6%
SPGI	Sell	S&P GLOBAL INC	$27,878,227	-15.2%	76,293	-7.0%	2.14%	+7.3%
OTEX	Sell	OPEN TEXT CORP	$27,300,332	-37.4%	777,776	-25.9%	2.09%	-20.8%
	Sell	BROOKFIELD CORPcl a ltd vt sh	$25,505,854	-30.8%	815,623	-25.5%	1.95%	-12.4%
GOOGL	Sell	ALPHABET INCcap stk cl a	$25,087,698	-1.8%	191,714	-10.2%	1.92%	+24.3%
SHOP	Sell	SHOPIFY INCcl a	$23,939,834	-38.1%	438,531	-26.7%	1.83%	-21.6%
SU	Sell	SUNCOR ENERGY INC NEW	$23,750,222	-14.6%	690,541	-27.1%	1.82%	+8.1%
BMO	Sell	BANK MONTREAL QUE	$23,463,888	-24.2%	278,114	-18.9%	1.80%	-4.1%
BRKA	Sell	BERKSHIRE HATHAWAY INC DELcl a	$21,259,080	+0.1%	40	-2.4%	1.63%	+26.8%
MFC	Sell	MANULIFE FINL CORP	$20,835,937	-24.7%	1,140,100	-22.1%	1.60%	-4.8%
AMZN	Sell	AMAZON COM INC	$20,260,641	-11.2%	159,382	-8.9%	1.55%	+12.4%
BCE	Sell	BCE INC	$20,124,256	-24.2%	527,112	-9.5%	1.54%	-4.0%
	Buy	SHELL PLCspon ads	$19,069,713	+9.6%	591,339	+2.3%	1.46%	+38.7%
ALIT	Sell	ALIGHT INC	$17,716,067	-36.9%	2,498,740	-17.8%	1.36%	-20.2%
WCN	Sell	WASTE CONNECTIONS INC	$16,326,689	-31.0%	121,584	-26.6%	1.25%	-12.7%
BUR	Buy	BURFORD CAP LTD	$16,109,030	+17.5%	1,150,645	+2.2%	1.23%	+48.7%
UNH	Sell	UNITEDHEALTH GROUP INC	$15,851,229	-7.6%	31,439	-12.0%	1.21%	+16.8%
BIP	Sell	BROOKFIELD INFRAST PARTNERSlp int unit	$15,566,735	-35.9%	530,386	-20.2%	1.19%	-18.8%
	Sell	CANADIAN PACIFIC KANSAS CITY	$15,559,113	-32.7%	209,299	-26.9%	1.19%	-14.9%
FSV	Sell	FIRSTSERVICE CORP NEW	$14,821,001	-31.2%	101,885	-27.2%	1.14%	-12.9%
XOM	Sell	EXXON MOBIL CORP	$14,832,367	-3.7%	126,147	-12.2%	1.14%	+21.8%
GOOG	Buy	ALPHABET INCcap stk cl c	$14,222,528	+132.8%	107,869	+113.6%	1.09%	+194.6%
	Sell	BRP INC	$14,034,272	-34.2%	185,390	-26.5%	1.08%	-16.7%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$13,727,628	-42.8%	2,318,842	-20.1%	1.05%	-27.5%
CM	Sell	CANADIAN IMPERIAL BK COMM TO	$12,519,617	-20.7%	324,297	-12.3%	0.96%	+0.4%
UBER	Sell	UBER TECHNOLOGIES INC	$12,444,664	-25.7%	270,595	-30.3%	0.95%	-6.0%
NVDA	Sell	NVIDIA CORPORATION	$12,076,196	-14.3%	27,762	-16.6%	0.92%	+8.4%
WSC	Sell	WILLSCOT MOBIL MINI HLDNG CO	$11,925,849	-39.0%	286,748	-29.9%	0.91%	-22.7%
QSR	Sell	RESTAURANT BRANDS INTL INC	$11,819,971	-36.5%	177,476	-26.1%	0.91%	-19.6%
SLF	Sell	SUN LIFE FINANCIAL INC.	$11,659,148	-32.7%	238,936	-28.1%	0.89%	-14.8%
JPM	Sell	JPMORGAN CHASE & CO	$10,759,905	-16.4%	74,196	-16.1%	0.82%	+5.8%
PBA	Sell	PEMBINA PIPELINE CORP	$10,399,480	-15.8%	345,826	-11.9%	0.80%	+6.7%
UNP	Sell	UNION PAC CORP	$10,013,908	-11.5%	49,177	-11.0%	0.77%	+12.0%
CNI	Sell	CANADIAN NATL RY CO	$9,993,913	-35.1%	92,275	-27.5%	0.77%	-17.9%
AVGO	Sell	BROADCOM INC	$9,644,695	-18.3%	11,612	-14.7%	0.74%	+3.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$9,473,731	-12.6%	23,929	-13.1%	0.73%	+10.7%
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$9,479,233	-25.8%	211,461	-17.1%	0.73%	-6.1%
NTR	Sell	NUTRIEN LTD	$9,356,999	-23.8%	151,499	-27.1%	0.72%	-3.5%
CIGI	Sell	COLLIERS INTL GROUP INC	$9,268,323	-28.7%	97,312	-26.6%	0.71%	-9.8%
TRP	Sell	TC ENERGY CORP	$9,258,836	-25.9%	269,202	-12.9%	0.71%	-6.2%
CVX	Sell	CHEVRON CORP NEW	$9,256,564	-6.4%	54,896	-12.7%	0.71%	+18.4%
GOLD	Sell	BARRICK GOLD CORP	$8,403,328	-37.5%	578,437	-27.2%	0.64%	-20.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$8,357,882	-10.3%	16,512	-7.5%	0.64%	+13.5%
BAC	Sell	BANK AMERICA CORP	$8,223,882	-21.7%	300,361	-17.9%	0.63%	-0.9%
NVS	Sell	NOVARTIS AGsponsored adr	$8,163,875	+0.3%	80,148	-0.6%	0.62%	+26.8%
V	Sell	VISA INC	$8,113,138	-17.4%	35,273	-14.7%	0.62%	+4.7%
PH	Sell	PARKER-HANNIFIN CORP	$7,830,522	-19.0%	20,103	-18.9%	0.60%	+2.6%
NOW	Sell	SERVICENOW INC	$7,753,335	-14.3%	13,871	-13.9%	0.59%	+8.4%
MGA	Sell	MAGNA INTL INC	$7,719,087	-30.0%	144,021	-26.3%	0.59%	-11.5%
VET	Sell	VERMILION ENERGY INC	$7,627,966	-14.6%	521,366	-27.2%	0.58%	+7.9%
TU	Sell	TELUS CORPORATION	$7,453,010	-26.2%	456,354	-12.1%	0.57%	-6.7%
LLY	Sell	ELI LILLY & CO	$7,441,398	+1.3%	13,854	-11.5%	0.57%	+28.1%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$7,287,939	-9.5%	48,528	-12.3%	0.56%	+14.6%
BTG	Sell	B2GOLD CORP	$7,080,480	-40.6%	2,465,641	-26.3%	0.54%	-24.9%
VLRS	Sell	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$6,979,000	-61.7%	1,027,835	-21.2%	0.54%	-51.5%
PG	Sell	PROCTER AND GAMBLE CO	$6,734,651	-18.7%	46,172	-15.4%	0.52%	+3.0%
CME	Sell	CME GROUP INC	$6,730,394	+1.8%	33,615	-5.8%	0.52%	+29.0%
DHR	Sell	DANAHER CORPORATION	$6,623,525	-9.1%	26,697	-12.0%	0.51%	+15.0%
ARMK	Buy	ARAMARK	$6,567,634	+38.9%	189,269	+72.3%	0.50%	+75.9%
ORLY	Sell	OREILLY AUTOMOTIVE INC	$6,463,813	-16.4%	7,112	-12.1%	0.50%	+5.8%
NRG	Sell	NRG ENERGY INC	$6,266,357	-10.1%	162,678	-12.8%	0.48%	+13.7%
ADBE	Sell	ADOBE INC	$6,063,222	-12.7%	11,891	-16.2%	0.46%	+10.7%
MCD	Sell	MCDONALDS CORP	$5,991,417	-25.0%	22,743	-15.0%	0.46%	-5.0%
MRK	Sell	MERCK & CO INC	$5,952,467	-24.6%	57,819	-15.4%	0.46%	-4.6%
SHW	Sell	SHERWIN WILLIAMS CO	$5,906,703	-15.6%	23,159	-12.1%	0.45%	+6.8%
KO	Sell	COCA COLA CO	$5,837,092	-20.9%	104,271	-14.9%	0.45%	+0.2%
	Buy	GSK PLCsponsored adr	$5,781,793	+47.7%	317,600	+43.1%	0.44%	+86.9%
	Sell	TRICON RESIDENTIAL INC	$5,583,895	-38.1%	755,327	-26.1%	0.43%	-21.6%
BDX	Sell	BECTON DICKINSON & CO	$5,553,222	-5.9%	21,480	-3.9%	0.42%	+19.0%
	Sell	BROOKFIELD ASSET MANAGMT LTD	$5,212,361	-24.6%	156,405	-26.1%	0.40%	-4.5%
CBRE	Sell	CBRE GROUP INCcl a	$4,981,932	-20.0%	67,451	-12.6%	0.38%	+1.3%
CNQ	Buy	CANADIAN NAT RES LTD	$4,947,653	+1371.8%	76,496	+1179.4%	0.38%	+1795.0%
INTU	Sell	INTUIT	$4,816,630	-13.5%	9,427	-22.4%	0.37%	+9.5%
TMUS	Sell	T-MOBILE US INC	$4,751,757	-14.4%	33,929	-15.1%	0.36%	+8.3%
ASML	Buy	ASML HOLDING N V	$4,647,470	-13.8%	7,895	+6.2%	0.36%	+9.2%
ABT	Sell	ABBOTT LABS	$4,587,007	-17.9%	47,362	-7.5%	0.35%	+3.8%
TFII	New	TFI INTL INC	$4,478,462	–	34,867	–	0.34%	–
TJX	Sell	TJX COS INC NEW	$4,412,268	-7.5%	49,643	-11.7%	0.34%	+17.0%
JNJ	Sell	JOHNSON & JOHNSON	$4,240,142	-17.0%	27,224	-11.8%	0.32%	+5.2%
HD	Sell	HOME DEPOT INC	$4,196,396	-14.2%	13,888	-11.8%	0.32%	+8.8%
CAT	Sell	CATERPILLAR INC	$4,003,545	-13.0%	14,665	-21.6%	0.31%	+10.0%
NFLX	Sell	NETFLIX INC	$3,964,422	-27.5%	10,499	-15.4%	0.30%	-8.2%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$3,899,923	-29.8%	28,790	-25.8%	0.30%	-11.0%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$3,813,958	-9.9%	43,970	-13.5%	0.29%	+14.1%
HCA	Sell	HCA HEALTHCARE INC	$3,633,867	-28.9%	14,773	-12.2%	0.28%	-10.0%
BEP	Sell	BROOKFIELD RENEWABLE PARTNERpartnership unit	$3,605,495	-34.6%	165,931	-11.3%	0.28%	-17.4%
CSX	Sell	CSX CORP	$3,486,624	-17.6%	113,386	-8.6%	0.27%	+4.3%
YUM	Sell	YUM BRANDS INC	$3,489,824	-29.5%	27,932	-21.8%	0.27%	-10.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$3,417,529	-21.3%	9,756	-23.4%	0.26%	-0.4%
TXN	Sell	TEXAS INSTRS INC	$3,340,321	-23.3%	21,007	-13.2%	0.26%	-3.0%
ETR	Sell	ENTERGY CORP NEW	$3,323,626	-15.5%	35,931	-11.0%	0.26%	+7.1%
NVO	New	NOVO-NORDISK A Sadr	$3,295,639	–	36,110	–	0.25%	–
ABBV	Sell	ABBVIE INC	$3,203,895	-3.2%	21,494	-12.5%	0.24%	+22.5%
AMD	Sell	ADVANCED MICRO DEVICES INC	$3,191,325	-21.2%	31,038	-12.7%	0.24%	0.0%
CMCSA	Sell	COMCAST CORP NEWcl a	$3,113,912	-7.7%	70,228	-13.5%	0.24%	+17.2%
ANTM	Sell	ELEVANCE HEALTH INC	$3,100,194	-3.5%	7,120	-1.5%	0.24%	+22.7%
PFE	Sell	PFIZER INC	$2,978,633	-21.6%	89,799	-13.3%	0.23%	-0.9%
KOF	Sell	COCA-COLA FEMSA SAB DE CVsponsord adr rep	$2,863,766	-6.4%	36,509	-0.6%	0.22%	+18.4%
MU	Sell	MICRON TECHNOLOGY INC	$2,830,865	-10.9%	41,612	-17.3%	0.22%	+13.0%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,802,094	+4.7%	6,371	-12.6%	0.22%	+32.7%
DIS	Sell	DISNEY WALT CO	$2,749,703	-20.3%	33,926	-12.2%	0.21%	+1.0%
ZTS	Sell	ZOETIS INCcl a	$2,729,576	-10.5%	15,689	-11.5%	0.21%	+13.0%
PPG	Sell	PPG INDS INC	$2,686,212	-23.4%	20,695	-12.5%	0.21%	-2.8%
	Sell	GENERAL ELECTRIC CO	$2,640,597	-18.3%	23,886	-18.8%	0.20%	+3.1%
REGN	Sell	REGENERON PHARMACEUTICALS	$2,642,528	+1.6%	3,211	-11.3%	0.20%	+28.7%
INMD	Sell	INMODE LTD	$2,554,558	-21.7%	83,866	-4.0%	0.20%	-1.0%
ESS	Sell	ESSEX PPTY TR INC	$2,450,063	-19.3%	11,552	-10.9%	0.19%	+2.2%
SLB	Sell	SCHLUMBERGER LTD	$2,406,159	+5.9%	41,272	-10.8%	0.18%	+33.3%
RYAAY	Sell	RYANAIR HOLDINGS PLCsponsored ads	$2,299,406	-63.8%	23,654	-58.9%	0.18%	-54.3%
BA	New	BOEING CO	$2,235,180	–	11,661	–	0.17%	–
GILD	Sell	GILEAD SCIENCES INC	$2,145,832	-14.8%	28,634	-12.4%	0.16%	+7.9%
VALE	Sell	VALE S Asponsored ads	$1,996,681	-33.4%	149,006	-33.3%	0.15%	-15.5%
EXPE	New	EXPEDIA GROUP INC	$1,931,226	–	18,737	–	0.15%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,829,053	–	65,300	–	0.14%	–
	Sell	FTAI AVIATION LTD	$1,792,858	-79.3%	50,432	-81.6%	0.14%	-73.9%
DG	Sell	DOLLAR GEN CORP NEW	$1,618,422	-46.3%	15,297	-13.8%	0.12%	-31.9%
FNV	Sell	FRANCO NEV CORP	$247,624	-22.4%	1,855	-17.1%	0.02%	0.0%
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-13,676	–	-0.01%	–
GSBD	Exit	GOLDMAN SACHS BDC INC	$0	–	-10,000	–	-0.01%	–
LGFA	Exit	LIONS GATE ENTMNT CORPcl a vtg	$0	–	-17,176	–	-0.01%	–
CLS	Exit	CELESTICA INC	$0	–	-11,340	–	-0.01%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-1,925	–	-0.01%	–
RACE	Exit	FERRARI N V	$0	–	-1,000	–	-0.02%	–
IBDP	Exit	ISHARES TRibonds dec24 etf	$0	–	-15,305	–	-0.02%	–
IBDR	Exit	ISHARES TRibonds dec2026	$0	–	-16,016	–	-0.02%	–
IBDS	Exit	ISHARES TRibonds 27 etf	$0	–	-16,029	–	-0.02%	–
IBDQ	Exit	ISHARES TRibonds dec25 etf	$0	–	-15,373	–	-0.02%	–
IBDO	Exit	ISHARES TRibonds dec23 etf	$0	–	-14,961	–	-0.02%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-8,696	–	-0.03%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-28,020	–	-0.03%	–
IBTH	Exit	ISHARES TRibonds 27 trm ts	$0	–	-41,742	–	-0.06%	–
	Exit	ISHARES TRibonds dec 2032	$0	–	-40,352	–	-0.06%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-111,285	–	-0.43%	–

Q2 2023

			Value		Shares		↓ Weighting
AON	New	AON PLC	$48,489,549	–	140,468	–	2.94%	–
ENB	New	ENBRIDGE INC	$48,301,328	–	1,299,447	–	2.92%	–
TD	New	TORONTO DOMINION BK ONT	$47,691,302	–	769,415	–	2.89%	–
	New	APOLLO GLOBAL MGMT INC	$45,283,259	–	589,549	–	2.74%	–
MSFT	New	MICROSOFT CORP	$43,811,493	–	128,653	–	2.65%	–
OTEX	New	OPEN TEXT CORP	$43,645,173	–	1,049,306	–	2.64%	–
RY	New	ROYAL BK CDA	$43,238,855	–	452,723	–	2.62%	–
AAPL	New	APPLE INC	$42,450,531	–	218,851	–	2.57%	–
SHOP	New	SHOPIFY INCcl a	$38,661,309	–	598,162	–	2.34%	–
	New	BROOKFIELD CORPcl a ltd vt sh	$36,843,975	–	1,094,334	–	2.23%	–
SPGI	New	S&P GLOBAL INC	$32,893,022	–	82,050	–	1.99%	–
MMC	New	MARSH & MCLENNAN COS INC	$32,451,323	–	172,540	–	1.96%	–
FB	New	META PLATFORMS INCcl a	$31,032,299	–	108,134	–	1.88%	–
BMO	New	BANK MONTREAL QUE	$30,964,158	–	342,847	–	1.87%	–
ALIT	New	ALIGHT INC	$28,075,999	–	3,038,528	–	1.70%	–
SU	New	SUNCOR ENERGY INC NEW	$27,798,259	–	947,616	–	1.68%	–
MFC	New	MANULIFE FINL CORP	$27,678,961	–	1,464,310	–	1.68%	–
BCE	New	BCE INC	$26,548,057	–	582,255	–	1.61%	–
GOOGL	New	ALPHABET INCcap stk cl a	$25,546,493	–	213,421	–	1.55%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$24,285,953	–	664,428	–	1.47%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$23,978,758	–	2,900,882	–	1.45%	–
WCN	New	WASTE CONNECTIONS INC	$23,664,463	–	165,575	–	1.43%	–
	New	CANADIAN PACIFIC KANSAS CITY	$23,135,568	–	286,427	–	1.40%	–
AMZN	New	AMAZON COM INC	$22,805,570	–	174,943	–	1.38%	–
FSV	New	FIRSTSERVICE CORP NEW	$21,543,072	–	139,879	–	1.30%	–
	New	BRP INC	$21,325,871	–	252,258	–	1.29%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$21,230,210	–	41	–	1.28%	–
	New	RB GLOBAL INC	$20,094,753	–	334,898	–	1.22%	–
WSC	New	WILLSCOT MOBIL MINI HLDNG CO	$19,544,342	–	408,963	–	1.18%	–
QSR	New	RESTAURANT BRANDS INTL INC	$18,620,228	–	240,154	–	1.13%	–
VLRS	New	CONTROLADOR A VUELA COMP DE Aspon adr rp 10	$18,203,425	–	1,304,905	–	1.10%	–
	New	SHELL PLCspon ads	$17,400,432	–	577,890	–	1.05%	–
SLF	New	SUN LIFE FINANCIAL INC.	$17,312,908	–	332,094	–	1.05%	–
UNH	New	UNITEDHEALTH GROUP INC	$17,163,656	–	35,710	–	1.04%	–
UBER	New	UBER TECHNOLOGIE S INC	$16,752,421	–	388,057	–	1.01%	–
CM	New	CANADIAN IMPERIAL BK COMM TO	$15,780,996	–	369,609	–	0.96%	–
CNI	New	CANADIAN NATL RY CO	$15,405,265	–	127,212	–	0.93%	–
XOM	New	EXXON MOBIL CORP	$15,410,221	–	143,685	–	0.93%	–
NVDA	New	NVIDIA CORPORATION	$14,086,990	–	33,301	–	0.85%	–
BUR	New	BURFORD CAP LTD	$13,713,620	–	1,125,913	–	0.83%	–
GOLD	New	BARRICK GOLD CORP	$13,436,781	–	794,275	–	0.81%	–
CIGI	New	COLLIERS INTL GROUP INC	$13,003,535	–	132,506	–	0.79%	–
JPM	New	JPMORGAN CHASE & CO	$12,866,638	–	88,467	–	0.78%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$12,766,968	–	255,166	–	0.77%	–
TRP	New	TC ENERGY CORP	$12,493,003	–	309,105	–	0.76%	–
PBA	New	PEMBINA PIPELINE CORP	$12,348,233	–	392,742	–	0.75%	–
NTR	New	NUTRIEN LTD	$12,276,143	–	207,930	–	0.74%	–
BTG	New	B2GOLD CORP	$11,921,483	–	3,345,844	–	0.72%	–
AVGO	New	BROADCOM INC	$11,805,723	–	13,610	–	0.72%	–
UNP	New	UNION PAC CORP	$11,309,552	–	55,271	–	0.68%	–
MGA	New	MAGNA INTL INC	$11,033,713	–	195,432	–	0.67%	–
MA	New	MASTERCARD INCORPORATE Dcl a	$10,835,025	–	27,549	–	0.66%	–
BAC	New	BANK AMERICA CORP	$10,500,399	–	365,995	–	0.64%	–
TU	New	TELUS CORPORATION	$10,104,974	–	519,242	–	0.61%	–
CVX	New	CHEVRON CORP NEW	$9,893,223	–	62,874	–	0.60%	–
V	New	VISA INC	$9,820,036	–	41,351	–	0.59%	–
PH	New	PARKER- HANNIFIN CORP	$9,664,022	–	24,777	–	0.58%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$9,316,895	–	17,857	–	0.56%	–
NOW	New	SERVICENOW INC	$9,050,527	–	16,105	–	0.55%	–
	New	TRICON RESIDENTIAL INC	$9,015,856	–	1,022,543	–	0.55%	–
VET	New	VERMILION ENERGY INC	$8,933,321	–	716,342	–	0.54%	–
	New	FTAI AVIATION LTD	$8,661,543	–	273,580	–	0.52%	–
PG	New	PROCTER AND GAMBLE CO	$8,281,211	–	54,575	–	0.50%	–
NVS	New	NOVARTIS AGsponsored adr	$8,138,190	–	80,648	–	0.49%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$8,050,807	–	55,313	–	0.49%	–
MCD	New	MCDONALDS CORP	$7,984,254	–	26,756	–	0.48%	–
MRK	New	MERCK & CO INC	$7,889,907	–	68,376	–	0.48%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$7,733,154	–	8,095	–	0.47%	–
KO	New	COCA COLA CO	$7,375,927	–	122,483	–	0.45%	–
LLY	New	LILLY ELI & CO	$7,344,233	–	15,660	–	0.44%	–
DHR	New	DANAHER CORPORATION	$7,283,520	–	30,348	–	0.44%	–
BERY	New	BERRY GLOBAL GROUP INC	$7,160,077	–	111,285	–	0.43%	–
PNT	New	POINT BIOPHARMA GLOBAL INC	$7,002,519	–	772,905	–	0.42%	–
SHW	New	SHERWIN WILLIAMS CO	$6,996,450	–	26,350	–	0.42%	–
NRG	New	NRG ENERGY INC	$6,972,936	–	186,492	–	0.42%	–
ADBE	New	ADOBE SYSTEMS INCORPORATE D	$6,942,684	–	14,198	–	0.42%	–
	New	BROOKFIELD ASSET MANAGMT LTD	$6,910,594	–	211,713	–	0.42%	–
CME	New	CME GROUP INC	$6,609,294	–	35,670	–	0.40%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$6,358,836	–	57,494	–	0.38%	–
CBRE	New	CBRE GROUP INCcl a	$6,226,295	–	77,144	–	0.38%	–
GOOG	New	ALPHABET INCcap stk cl c	$6,110,194	–	50,510	–	0.37%	–
BDX	New	BECTON DICKINSON & CO	$5,902,734	–	22,358	–	0.36%	–
ABT	New	ABBOTT LABS	$5,584,765	–	51,227	–	0.34%	–
INTU	New	INTUIT	$5,565,633	–	12,147	–	0.34%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$5,557,575	–	38,810	–	0.34%	–
TMUS	New	T-MOBILE US INC	$5,548,915	–	39,949	–	0.34%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnershi p unit	$5,515,166	–	187,044	–	0.33%	–
NFLX	New	NETFLIX INC	$5,466,920	–	12,411	–	0.33%	–
ASML	New	ASML HOLDING N V	$5,388,516	–	7,435	–	0.33%	–
HCA	New	HCA HEALTHCARE INC	$5,109,089	–	16,835	–	0.31%	–
JNJ	New	JOHNSON & JOHNSON	$5,106,290	–	30,850	–	0.31%	–
YUM	New	YUM BRANDS INC	$4,946,651	–	35,703	–	0.30%	–
HD	New	HOME DEPOT INC	$4,891,959	–	15,748	–	0.30%	–
TJX	New	TJX COS INC NEW	$4,769,612	–	56,252	–	0.29%	–
ARMK	New	ARAMARK	$4,729,473	–	109,860	–	0.29%	–
CAT	New	CATERPILLAR INC	$4,602,118	–	18,704	–	0.28%	–
TXN	New	TEXAS INSTRS INC	$4,354,681	–	24,190	–	0.26%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,340,589	–	12,729	–	0.26%	–
CSX	New	CSX CORP	$4,228,946	–	124,016	–	0.26%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$4,235,013	–	50,810	–	0.26%	–
AMD	New	ADVANCED MICRO DEVICES INC	$4,047,906	–	35,536	–	0.24%	–
ETR	New	ENTERGY CORP NEW	$3,931,899	–	40,381	–	0.24%	–
	New	GSK PLCsponsored adr	$3,915,428	–	222,000	–	0.24%	–
PFE	New	PFIZER INC	$3,800,011	–	103,599	–	0.23%	–
PPG	New	PPG INDS INC	$3,505,515	–	23,638	–	0.21%	–
DIS	New	DISNEY WALT CO	$3,451,033	–	38,654	–	0.21%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,374,189	–	81,208	–	0.20%	–
ABBV	New	ABBVIE INC	$3,308,971	–	24,560	–	0.20%	–
INMD	New	INMODE LTD	$3,264,241	–	87,396	–	0.20%	–
	New	GENERAL ELECTRIC CO	$3,230,251	–	29,406	–	0.20%	–
ANTM	New	ELEVANCE HEALTH INC	$3,211,328	–	7,228	–	0.19%	–
MU	New	MICRON TECHNOLOGY INC	$3,177,146	–	50,343	–	0.19%	–
KOF	New	COCA-COLA FEMSA SAB DE CVsponsord adr rep	$3,060,726	–	36,739	–	0.18%	–
ZTS	New	ZOETIS INCcl a	$3,051,389	–	17,719	–	0.18%	–
ESS	New	ESSEX PPTY TR INC	$3,036,999	–	12,962	–	0.18%	–
DG	New	DOLLAR GEN CORP NEW	$3,014,108	–	17,753	–	0.18%	–
VALE	New	VALE S Asponsored ads	$2,997,304	–	223,346	–	0.18%	–
CHTR	New	CHARTER COMMUNICATIO NS INC Ncl a	$2,676,655	–	7,286	–	0.16%	–
REGN	New	REGENERON PHARMACEUTI CALS	$2,600,400	–	3,619	–	0.16%	–
GILD	New	GILEAD SCIENCES INC	$2,519,182	–	32,687	–	0.15%	–
SLB	New	SCHLUMBERGE R LTD	$2,272,096	–	46,256	–	0.14%	–
	New	ISHARES TRibonds dec 2032	$938,185	–	40,352	–	0.06%	–
IBTH	New	ISHARES TRibonds 27 trm ts	$924,585	–	41,742	–	0.06%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$867,090	–	6,252	–	0.05%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$505,007	–	28,020	–	0.03%	–
IMO	New	IMPERIAL OIL LTD	$444,943	–	8,696	–	0.03%	–
IBDR	New	ISHARES TRibonds dec2026	$375,895	–	16,016	–	0.02%	–
IBDO	New	ISHARES TRibonds dec23 etf	$378,363	–	14,961	–	0.02%	–
IBDQ	New	ISHARES TRibonds dec25 etf	$374,794	–	15,373	–	0.02%	–
IBDP	New	ISHARES TRibonds dec24 etf	$376,809	–	15,305	–	0.02%	–
IBDS	New	ISHARES TRibonds 27 etf	$376,361	–	16,029	–	0.02%	–
CNQ	New	CANADIAN NAT RES LTD	$336,163	–	5,979	–	0.02%	–
RACE	New	FERRARI N V	$325,210	–	1,000	–	0.02%	–
FNV	New	FRANCO NEV CORP	$318,970	–	2,237	–	0.02%	–
GIB	New	CGI INCcl a sub vtg	$203,006	–	1,925	–	0.01%	–
CLS	New	CELESTICA INC	$164,617	–	11,340	–	0.01%	–
LGFA	New	LIONS GATE ENTMNT CORPcl a vtg	$151,664	–	17,176	–	0.01%	–
GSBD	New	GOLDMAN SACHS BDC INC	$138,600	–	10,000	–	0.01%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$114,195	–	13,676	–	0.01%	–
HBM	New	HUDBAY MINERALS INC	$47,935	–	10,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	CONNEXA SPORTS TECHNOLOGIES	$0	–	-50,000	–	-0.00%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-10,000	–	-0.00%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-13,676	–	-0.01%	–
LGFA	Exit	LIONS GATE ENTMNT CORPcl a vtg	$0	–	-17,176	–	-0.01%	–
GSBD	Exit	GOLDMAN SACHS BDC INC	$0	–	-10,000	–	-0.01%	–
CLS	Exit	CELESTICA INC	$0	–	-22,700	–	-0.01%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-2,092	–	-0.01%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-2,595	–	-0.02%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-7,730	–	-0.02%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-8,898	–	-0.02%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-28,020	–	-0.03%	–
BX	Exit	BLACKSTONE INC	$0	–	-8,300	–	-0.04%	–
	Exit	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$0	–	-1,568,000	–	-0.04%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-6,252	–	-0.05%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-9,165	–	-0.06%	–
INMD	Exit	INMODE LTD	$0	–	-84,449	–	-0.15%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-8,908	–	-0.16%	–
VALE	Exit	VALE S Asponsored ads	$0	–	-210,625	–	-0.17%	–
NICE	Exit	NICE LTDsponsored adr	$0	–	-14,896	–	-0.17%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-45,484	–	-0.17%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-97,807	–	-0.17%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-30,277	–	-0.18%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-41,054	–	-0.19%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-21,753	–	-0.19%	–
QCOM	Exit	QUALCOMM INC	$0	–	-29,033	–	-0.20%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-54,443	–	-0.20%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-38,558	–	-0.21%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-29,453	–	-0.21%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-70,993	–	-0.21%	–
BUR	Exit	BURFORD CAP LTD	$0	–	-475,819	–	-0.21%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-14,750	–	-0.21%	–
ARMK	Exit	ARAMARK	$0	–	-119,612	–	-0.22%	–
ASML	Exit	ASML HOLDING N V	$0	–	-9,315	–	-0.23%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-25,578	–	-0.24%	–
HES	Exit	HESS CORP	$0	–	-37,203	–	-0.24%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-69,653	–	-0.26%	–
TSLA	Exit	TESLA INC	$0	–	-16,352	–	-0.26%	–
DIS	Exit	DISNEY WALT CO	$0	–	-47,125	–	-0.26%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-16,631	–	-0.27%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-6,670	–	-0.27%	–
CAT	Exit	CATERPILLAR INC	$0	–	-29,139	–	-0.28%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-20,215	–	-0.32%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-45,016	–	-0.33%	–
YUM	Exit	YUM BRANDS INC	$0	–	-52,586	–	-0.33%	–
CRM	Exit	SALESFORCE INC	$0	–	-39,486	–	-0.34%	–
INTU	Exit	INTUIT	$0	–	-14,990	–	-0.35%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-86,105	–	-0.35%	–
RYAAY	Exit	RYANAIR HOLDINGS PLCsponsored ads	$0	–	-102,742	–	-0.36%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-12,749	–	-0.36%	–
CME	Exit	CME GROUP INC	$0	–	-34,391	–	-0.36%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-27,623	–	-0.37%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-37,867	–	-0.37%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-50,721	–	-0.40%	–
MCD	Exit	MCDONALDS CORP	$0	–	-29,784	–	-0.41%	–
CIXX	Exit	CI FINL CORP	$0	–	-723,781	–	-0.41%	–
NOW	Exit	SERVICENOW INC	$0	–	-18,596	–	-0.42%	–
KO	Exit	COCA COLA CO	$0	–	-129,584	–	-0.43%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-30,003	–	-0.43%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,152	–	-0.45%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-36,587	–	-0.45%	–
NRG	Exit	NRG ENERGY INC	$0	–	-196,044	–	-0.45%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-56,494	–	-0.45%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-63,791	–	-0.46%	–
MRK	Exit	MERCK & CO INC	$0	–	-90,971	–	-0.47%	–
V	Exit	VISA INC	$0	–	-44,505	–	-0.47%	–
ABT	Exit	ABBOTT LABS	$0	–	-82,085	–	-0.47%	–
LLY	Exit	LILLY ELI & CO	$0	–	-24,938	–	-0.48%	–
VST	Exit	VISTRA CORP	$0	–	-384,735	–	-0.48%	–
PFE	Exit	PFIZER INC	$0	–	-186,284	–	-0.49%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-535,397	–	-0.49%	–
TJX	Exit	TJX COS INC NEW	$0	–	-132,671	–	-0.49%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-12,296	–	-0.52%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-282,701	–	-0.53%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-91,860	–	-0.53%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-34,575	–	-0.53%	–
ALIT	Exit	ALIGHT INC	$0	–	-1,226,784	–	-0.54%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-31,789	–	-0.54%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-18,957	–	-0.57%	–
VLRS	Exit	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$0	–	-1,385,857	–	-0.58%	–
AVGO	Exit	BROADCOM INC	$0	–	-21,932	–	-0.58%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-220,040	–	-0.61%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-81,803	–	-0.62%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-107,326	–	-0.67%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-461,175	–	-0.73%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-85,411	–	-0.73%	–
	Exit	TRICON RESIDENTIAL INC	$0	–	-1,452,312	–	-0.75%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-97,818	–	-0.79%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-447,827	–	-0.81%	–
UNP	Exit	UNION PAC CORP	$0	–	-75,190	–	-0.87%	–
BTG	Exit	B2GOLD CORP	$0	–	-4,566,483	–	-0.88%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-200,807	–	-0.90%	–
	Exit	SHELL PLCspon ads	$0	–	-619,176	–	-0.93%	–
MGA	Exit	MAGNA INTL INC	$0	–	-348,287	–	-0.99%	–
TRP	Exit	TC ENERGY CORP	$0	–	-411,045	–	-0.99%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-546,747	–	-0.99%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-190,378	–	-1.00%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-184,034	–	-1.01%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-681,740	–	-1.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-208,203	–	-1.08%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-45	–	-1.09%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-470,625	–	-1.12%	–
TU	Exit	TELUS CORPORATION	$0	–	-961,155	–	-1.14%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,256,821	–	-1.16%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-1,848,894	–	-1.20%	–
CM	Exit	CANADIAN IMPERIAL BK COMM TO	$0	–	-463,558	–	-1.21%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-414,344	–	-1.32%	–
	Exit	BRP INC	$0	–	-370,410	–	-1.36%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-192,598	–	-1.37%	–
AMZN	Exit	AMAZON COM INC	$0	–	-205,225	–	-1.38%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-160,677	–	-1.43%	–
NTR	Exit	NUTRIEN LTD	$0	–	-288,766	–	-1.44%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-80,705	–	-1.47%	–
	Exit	APOLLO GLOBAL MGMT INC	$0	–	-539,808	–	-1.50%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-50,581	–	-1.52%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-267,474	–	-1.53%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-952,776	–	-1.53%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,025,657	–	-1.90%	–
BCE	Exit	BCE INC	$0	–	-792,863	–	-1.98%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-942,126	–	-2.02%	–
AON	Exit	AON PLC	$0	–	-126,365	–	-2.02%	–
BNS	Exit	BANK NOVA SCOTIA HALIFAX	$0	–	-746,788	–	-2.12%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-263,609	–	-2.12%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,316,601	–	-2.21%	–
AAPL	Exit	APPLE INC	$0	–	-273,346	–	-2.25%	–
WSC	Exit	WILLSCOT MOBIL MINI HLDNG CO	$0	–	-987,304	–	-2.38%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-173,721	–	-2.41%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-658,819	–	-2.62%	–
RY	Exit	ROYAL BK CDA	$0	–	-571,104	–	-3.07%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,267,104	–	-3.09%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-865,248	–	-3.17%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,917,134	–	-4.24%	–

Q3 2022

			Value		Shares		↓ Weighting
ENB	Sell	ENBRIDGE INC	$71,093,000	-15.6%	1,917,134	-3.9%	4.24%	-7.8%
TD	Buy	TORONTO DOMINION BK ONT	$53,071,000	-6.4%	865,248	+0.1%	3.17%	+2.3%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$51,840,000	-7.9%	1,267,104	+0.2%	3.09%	+0.7%
RY	Buy	ROYAL BK CDA	$51,423,000	-6.8%	571,104	+0.2%	3.07%	+1.8%
CP	Buy	CANADIAN PAC RY LTD	$43,982,000	-4.1%	658,819	+0.4%	2.62%	+4.8%
MSFT	Buy	MICROSOFT CORP	$40,460,000	-8.4%	173,721	+1.1%	2.41%	+0.2%
WSC	Sell	WILLSCOT MOBIL MINI HLDNG CO	$39,818,000	-6.0%	987,304	-24.4%	2.38%	+2.7%
AAPL	Sell	APPLE INC	$37,776,000	-5.1%	273,346	-6.1%	2.25%	+3.7%
SU	Buy	SUNCOR ENERGY INC NEW	$37,080,000	-19.5%	1,316,601	+0.3%	2.21%	-12.0%
WCN	Buy	WASTE CONNECTIONS INC	$35,622,000	+9.3%	263,609	+0.3%	2.12%	+19.4%
BNS	Buy	BANK NOVA SCOTIA HALIFAX	$35,522,000	-19.5%	746,788	+0.2%	2.12%	-12.0%
AON	Sell	AON PLC	$33,849,000	-5.4%	126,365	-4.8%	2.02%	+3.4%
BIP	Sell	BROOKFIELD INFRAST PARTNERSlp int unit	$33,798,000	-6.3%	942,126	-0.2%	2.02%	+2.4%
BCE	Sell	BCE INC	$33,248,000	-22.2%	792,863	-8.9%	1.98%	-15.0%
MFC	Sell	MANULIFE FINL CORP	$31,795,000	-9.8%	2,025,657	-0.3%	1.90%	-1.4%
SHOP	Buy	SHOPIFY INCcl a	$25,654,000	-13.5%	952,776	+0.3%	1.53%	-5.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$25,584,000	-12.9%	267,474	+1885.1%	1.53%	-4.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$25,545,000	-15.0%	50,581	-13.6%	1.52%	-7.1%
	Buy	APOLLO GLOBAL MGMT INC	$25,101,000	+4.4%	539,808	+8.8%	1.50%	+14.0%
SPGI	Buy	S&P GLOBAL INC	$24,643,000	+44.4%	80,705	+59.4%	1.47%	+57.7%
NTR	Buy	NUTRIEN LTD	$24,084,000	+14.8%	288,766	+9.6%	1.44%	+25.5%
MMC	Buy	MARSH & MCLENNAN COS INC	$23,987,000	+15.8%	160,677	+20.4%	1.43%	+26.5%
AMZN	Buy	AMAZON COM INC	$23,190,000	+9.4%	205,225	+2.8%	1.38%	+19.5%
FSV	Buy	FIRSTSERVICE CORP NEW	$22,928,000	-1.5%	192,598	+0.4%	1.37%	+7.6%
	Buy	BRP INC	$22,819,000	+0.4%	370,410	+0.3%	1.36%	+9.8%
QSR	Buy	RESTAURANT BRANDS INTL INC	$22,042,000	+6.5%	414,344	+0.4%	1.32%	+16.4%
CM	Sell	CANADIAN IMPERIAL BK COMM TO	$20,291,000	-11.5%	463,558	-1.9%	1.21%	-3.4%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$20,199,000	-19.0%	1,848,894	-0.4%	1.20%	-11.5%
GOLD	Sell	BARRICK GOLD CORP	$19,482,000	-12.4%	1,256,821	-0.0%	1.16%	-4.3%
TU	Buy	TELUS CORPORATION	$19,088,000	+18.8%	961,155	+33.2%	1.14%	+29.9%
SLF	Buy	SUN LIFE FINANCIAL INC.	$18,716,000	-13.2%	470,625	+0.0%	1.12%	-5.1%
BRKA	Sell	BERKSHIRE HATHAWAY INC DELcl a	$18,291,000	-2.8%	45	-2.2%	1.09%	+6.2%
XOM	Sell	EXXON MOBIL CORP	$18,178,000	-22.1%	208,203	-23.6%	1.08%	-14.9%
OTEX	Buy	OPEN TEXT CORP	$18,020,000	+6.8%	681,740	+52.9%	1.08%	+16.7%
CIGI	Buy	COLLIERS INTL GROUP INC	$16,867,000	-16.0%	184,034	+0.4%	1.01%	-8.3%
BMO	Sell	BANK MONTREAL QUE	$16,688,000	-10.1%	190,378	-1.4%	1.00%	-1.8%
PBA	Sell	PEMBINA PIPELINE CORP	$16,610,000	-15.2%	546,747	-1.3%	0.99%	-7.3%
TRP	Buy	TC ENERGY CORP	$16,558,000	+2.5%	411,045	+31.8%	0.99%	+12.0%
MGA	Buy	MAGNA INTL INC	$16,524,000	-13.3%	348,287	+0.3%	0.99%	-5.3%
	Sell	SHELL PLCspon ads	$15,556,000	-24.5%	619,176	-21.7%	0.93%	-17.4%
FIS	Sell	FIDELITY NATL INFORMATION SV	$15,175,000	-17.8%	200,807	-0.2%	0.90%	-10.1%
BTG	Buy	B2GOLD CORP	$14,679,000	-4.8%	4,566,483	+0.4%	0.88%	+4.2%
UNP	Sell	UNION PAC CORP	$14,649,000	-9.3%	75,190	-0.7%	0.87%	-0.8%
BAC	Sell	BK OF AMERICA CORP	$13,524,000	-4.0%	447,827	-1.1%	0.81%	+4.9%
FB	Sell	META PLATFORMS INCcl a	$13,272,000	-16.4%	97,818	-0.6%	0.79%	-8.5%
	Sell	TRICON RESIDENTIAL INC	$12,565,000	-14.7%	1,452,312	-0.0%	0.75%	-6.7%
CVX	Buy	CHEVRON CORP NEW	$12,271,000	+170.8%	85,411	+172.9%	0.73%	+196.4%
UBER	Buy	UBER TECHNOLOGIES INC	$12,221,000	+41.1%	461,175	+8.9%	0.73%	+54.1%
JPM	Sell	JPMORGAN CHASE & CO	$11,216,000	-8.2%	107,326	-1.1%	0.67%	+0.3%
PG	Sell	PROCTER AND GAMBLE CO	$10,328,000	-17.9%	81,803	-6.5%	0.62%	-10.3%
BERY	Buy	BERRY GLOBAL GROUP INC	$10,238,000	+88.9%	220,040	+121.9%	0.61%	+106.4%
AVGO	Buy	BROADCOM INC	$9,738,000	-4.8%	21,932	+4.2%	0.58%	+4.1%
VLRS	Sell	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$9,687,000	-37.0%	1,385,857	-7.4%	0.58%	-31.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$9,615,000	-2.0%	18,957	+5.0%	0.57%	+7.3%
MA	Buy	MASTERCARD INCORPORATEDcl a	$9,039,000	-7.3%	31,789	+2.9%	0.54%	+1.3%
ALIT	New	ALIGHT INC	$8,992,000	–	1,226,784	–	0.54%	–
DHR	Buy	DANAHER CORPORATION	$8,930,000	+11.6%	34,575	+9.6%	0.53%	+22.0%
BEP	Sell	BROOKFIELD RENEWABLE PARTNERpartnership unit	$8,832,000	-12.2%	282,701	-2.4%	0.53%	-4.0%
GOOG	Buy	ALPHABET INCcap stk cl c	$8,832,000	-12.1%	91,860	+1900.0%	0.53%	-3.8%
ORLY	Sell	OREILLY AUTOMOTIVE INC	$8,648,000	-20.0%	12,296	-28.2%	0.52%	-12.5%
TJX	Sell	TJX COS INC NEW	$8,242,000	-4.6%	132,671	-14.2%	0.49%	+4.5%
CVE	Sell	CENOVUS ENERGY INC	$8,226,000	-58.1%	535,397	-48.1%	0.49%	-54.2%
PFE	Sell	PFIZER INC	$8,152,000	-17.3%	186,284	-0.9%	0.49%	-9.7%
VST	Sell	VISTRA CORP	$8,079,000	-17.2%	384,735	-9.9%	0.48%	-9.4%
LLY	Buy	LILLY ELI & CO	$8,064,000	+31.4%	24,938	+31.8%	0.48%	+43.6%
ABT	Buy	ABBOTT LABS	$7,943,000	-7.9%	82,085	+3.4%	0.47%	+0.6%
V	Buy	VISA INC	$7,906,000	-7.0%	44,505	+3.1%	0.47%	+1.7%
MRK	Buy	MERCK & CO INC	$7,834,000	+2.6%	90,971	+8.6%	0.47%	+12.0%
HLT	Buy	HILTON WORLDWIDE HLDGS INC	$7,694,000	+14.9%	63,791	+6.2%	0.46%	+25.4%
TMUS	Sell	T-MOBILE US INC	$7,580,000	-7.4%	56,494	-7.2%	0.45%	+1.1%
NRG	Sell	NRG ENERGY INC	$7,503,000	-66.5%	196,044	-66.6%	0.45%	-63.4%
HD	Sell	HOME DEPOT INC	$7,492,000	-0.5%	27,152	-1.1%	0.45%	+8.8%
SHW	Buy	SHERWIN WILLIAMS CO	$7,491,000	-4.8%	36,587	+4.1%	0.45%	+4.0%
PH	Sell	PARKER-HANNIFIN CORP	$7,270,000	-2.5%	30,003	-1.0%	0.43%	+6.6%
KO	Buy	COCA COLA CO	$7,259,000	-5.4%	129,584	+6.2%	0.43%	+3.3%
NOW	Buy	SERVICENOW INC	$7,022,000	+37.3%	18,596	+72.9%	0.42%	+50.2%
CIXX	Sell	CI FINL CORP	$6,938,000	-9.7%	723,781	-0.0%	0.41%	-1.4%
MCD	Buy	MCDONALDS CORP	$6,872,000	+4.4%	29,784	+11.7%	0.41%	+14.2%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$6,622,000	-10.3%	50,721	-1.0%	0.40%	-2.0%
JNJ	Buy	JOHNSON & JOHNSON	$6,186,000	+2.9%	37,867	+11.8%	0.37%	+12.5%
BDX	Buy	BECTON DICKINSON & CO	$6,155,000	-3.4%	27,623	+6.9%	0.37%	+5.5%
CME	Sell	CME GROUP INC	$6,092,000	-23.6%	34,391	-11.7%	0.36%	-16.6%
COST	Sell	COSTCO WHSL CORP NEW	$6,021,000	-2.4%	12,749	-1.0%	0.36%	+6.5%
RYAAY	Sell	RYANAIR HOLDINGS PLCsponsored ads	$6,002,000	-13.3%	102,742	-0.2%	0.36%	-5.3%
CBRE	Sell	CBRE GROUP INCcl a	$5,813,000	-9.2%	86,105	-1.0%	0.35%	-0.6%
INTU	Buy	INTUIT	$5,806,000	+38.9%	14,990	+38.2%	0.35%	+51.8%
CRM	Sell	SALESFORCE INC	$5,680,000	-13.4%	39,486	-0.7%	0.34%	-5.3%
YUM	Buy	YUM BRANDS INC	$5,592,000	+21.0%	52,586	+29.1%	0.33%	+32.5%
NVDA	Sell	NVIDIA CORPORATION	$5,464,000	-20.7%	45,016	-1.0%	0.33%	-13.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$5,398,000	-2.8%	20,215	-0.6%	0.32%	+6.3%
CAT	Buy	CATERPILLAR INC	$4,781,000	-6.5%	29,139	+1.9%	0.28%	+2.2%
REGN	Sell	REGENERON PHARMACEUTICALS	$4,595,000	+15.4%	6,670	-1.0%	0.27%	+26.3%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$4,577,000	-25.6%	16,631	-1.0%	0.27%	-18.8%
DIS	Buy	DISNEY WALT CO	$4,445,000	+7.2%	47,125	+7.3%	0.26%	+17.3%
TSLA	Buy	TESLA INC	$4,337,000	+17.0%	16,352	+197.1%	0.26%	+28.2%
GILD	Sell	GILEAD SCIENCES INC	$4,297,000	-1.2%	69,653	-1.0%	0.26%	+8.0%
HES	New	HESS CORP	$4,055,000	–	37,203	–	0.24%	–
TXN	Sell	TEXAS INSTRS INC	$3,959,000	-0.3%	25,578	-1.0%	0.24%	+8.8%
ASML	Sell	ASML HOLDING N V	$3,869,000	-19.0%	9,315	-7.2%	0.23%	-11.5%
ARMK	Sell	ARAMARK	$3,732,000	-28.2%	119,612	-29.5%	0.22%	-21.5%
ESS	Sell	ESSEX PPTY TR INC	$3,573,000	-8.2%	14,750	-0.9%	0.21%	0.0%
BUR	New	BURFORD CAP LTD	$3,569,000	–	475,819	–	0.21%	–
MU	Sell	MICRON TECHNOLOGY INC	$3,557,000	-10.2%	70,993	-1.0%	0.21%	-1.9%
FANG	Sell	DIAMONDBACK ENERGY INC	$3,548,000	-1.5%	29,453	-1.0%	0.21%	+7.6%
SPG	Sell	SIMON PPTY GROUP INC NEW	$3,461,000	-30.2%	38,558	-26.2%	0.21%	-24.0%
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$3,416,000	-7.1%	54,443	-0.1%	0.20%	+1.5%
QCOM	Sell	QUALCOMM INC	$3,280,000	-12.4%	29,033	-1.0%	0.20%	-3.9%
ZTS	Sell	ZOETIS INCcl a	$3,226,000	-14.6%	21,753	-1.0%	0.19%	-6.8%
NVS	Sell	NOVARTIS AGsponsored adr	$3,121,000	-48.8%	41,054	-43.1%	0.19%	-44.1%
ETR	Sell	ENTERGY CORP NEW	$3,047,000	-31.7%	30,277	-23.6%	0.18%	-25.4%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,869,000	-26.0%	97,807	-1.0%	0.17%	-19.3%
	Sell	GENERAL ELECTRIC CO	$2,816,000	-3.7%	45,484	-1.0%	0.17%	+5.0%
VALE	Sell	VALE S Asponsored ads	$2,806,000	-29.5%	210,625	-22.6%	0.17%	-23.0%
NICE	Sell	NICE LTDsponsored adr	$2,804,000	-13.9%	14,896	-12.0%	0.17%	-6.2%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$2,702,000	-35.8%	8,908	-0.9%	0.16%	-30.0%
INMD	Sell	INMODE LTD	$2,458,000	+29.6%	84,449	-0.2%	0.15%	+41.3%
CNI	Sell	CANADIAN NATL RY CO	$990,000	-4.8%	9,165	-0.9%	0.06%	+3.5%
BX	Sell	BLACKSTONE INC	$695,000	-13.4%	8,300	-5.7%	0.04%	-6.8%
IMO	Sell	IMPERIAL OIL LTD	$385,000	-91.2%	8,898	-90.4%	0.02%	-90.3%
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-4,547	–	-0.01%	–
	Exit	POINTS COM INC	$0	–	-11,454	–	-0.02%	–
IEF	Exit	ISHARES TR7-10 yr trsy bd	$0	–	-5,062	–	-0.03%	–
DBC	Exit	INVESCO DB COMMDY INDX TRCKunit	$0	–	-23,091	–	-0.03%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-3,003	–	-0.06%	–
APG	Exit	API GROUP CORP	$0	–	-124,601	–	-0.10%	–
INTC	Exit	INTEL CORP	$0	–	-82,666	–	-0.17%	–
GM	Exit	GENERAL MTRS CO	$0	–	-102,509	–	-0.18%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-10,919	–	-0.23%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-123,023	–	-0.32%	–

Q2 2022

			Value		Shares		↓ Weighting
ENB	New	ENBRIDGE INC	$84,276,000	–	1,995,583	–	4.60%	–
TD	New	TORONTO DOMINION BK ONT	$56,682,000	–	864,362	–	3.09%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$56,258,000	–	1,264,681	–	3.07%	–
RY	New	ROYAL BK CDA	$55,196,000	–	570,028	–	3.01%	–
SU	New	SUNCOR ENERGY INC NEW	$46,055,000	–	1,312,721	–	2.51%	–
CP	New	CANADIAN PAC RY LTD	$45,850,000	–	656,419	–	2.50%	–
MSFT	New	MICROSOFT CORP	$44,151,000	–	171,906	–	2.41%	–
BNS	New	BANK NOVA SCOTIA B C	$44,130,000	–	745,654	–	2.41%	–
BCE	New	BCE INC	$42,758,000	–	869,884	–	2.33%	–
WSC	New	WILLSCOT MOBIL MINI HLDNG CO	$42,365,000	–	1,306,764	–	2.31%	–
AAPL	New	APPLE INC	$39,816,000	–	291,226	–	2.17%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$36,072,000	–	944,111	–	1.97%	–
AON	New	AON PLC	$35,779,000	–	132,673	–	1.95%	–
MFC	New	MANULIFE FINL CORP	$35,236,000	–	2,032,047	–	1.92%	–
WCN	New	WASTE CONNECTIONS INC	$32,594,000	–	262,874	–	1.78%	–
UNH	New	UNITEDHEALTH GROUP INC	$30,065,000	–	58,535	–	1.64%	–
SHOP	New	SHOPIFY INCcl a	$29,673,000	–	949,657	–	1.62%	–
GOOGL	New	ALPHABET INCcap stk cl a	$29,363,000	–	13,474	–	1.60%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$24,945,000	–	1,855,995	–	1.36%	–
	New	APOLLO GLOBAL MGMT INC	$24,054,000	–	496,171	–	1.31%	–
XOM	New	EXXON MOBIL CORP	$23,333,000	–	272,456	–	1.27%	–
FSV	New	FIRSTSERVICE CORP NEW	$23,278,000	–	191,904	–	1.27%	–
CM	New	CANADIAN IMP BK COMM	$22,938,000	–	472,346	–	1.25%	–
	New	BRP INC	$22,719,000	–	369,143	–	1.24%	–
NRG	New	NRG ENERGY INC	$22,421,000	–	587,396	–	1.22%	–
GOLD	New	BARRICK GOLD CORP	$22,234,000	–	1,257,443	–	1.21%	–
SLF	New	SUN LIFE FINANCIAL INC.	$21,560,000	–	470,543	–	1.18%	–
AMZN	New	AMAZON COM INC	$21,200,000	–	199,603	–	1.16%	–
NTR	New	NUTRIEN LTD	$20,983,000	–	263,485	–	1.14%	–
MMC	New	MARSH & MCLENNAN COS INC	$20,710,000	–	133,398	–	1.13%	–
QSR	New	RESTAURANT BRANDS INTL INC	$20,700,000	–	412,644	–	1.13%	–
	New	SHELL PLCspon ads	$20,593,000	–	790,916	–	1.12%	–
CIGI	New	COLLIERS INTL GROUP INC	$20,089,000	–	183,356	–	1.10%	–
CVE	New	CENOVUS ENERGY INC	$19,645,000	–	1,032,532	–	1.07%	–
PBA	New	PEMBINA PIPELINE CORP	$19,587,000	–	554,108	–	1.07%	–
MGA	New	MAGNA INTL INC	$19,068,000	–	347,264	–	1.04%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$18,812,000	–	46	–	1.03%	–
BMO	New	BANK MONTREAL QUE	$18,566,000	–	193,068	–	1.01%	–
FIS	New	FIDELITY NATL INFORMATION SV	$18,454,000	–	201,307	–	1.01%	–
SPGI	New	S&P GLOBAL INC	$17,069,000	–	50,642	–	0.93%	–
OTEX	New	OPEN TEXT CORP	$16,865,000	–	445,847	–	0.92%	–
TRP	New	TC ENERGY CORP	$16,150,000	–	311,759	–	0.88%	–
UNP	New	UNION PAC CORP	$16,144,000	–	75,696	–	0.88%	–
TU	New	TELUS CORPORATION	$16,069,000	–	721,430	–	0.88%	–
FB	New	META PLATFORMS INCcl a	$15,870,000	–	98,419	–	0.87%	–
BTG	New	B2GOLD CORP	$15,413,000	–	4,550,473	–	0.84%	–
VLRS	New	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$15,367,000	–	1,496,321	–	0.84%	–
	New	TRICON RESIDENTIAL INC	$14,728,000	–	1,452,685	–	0.80%	–
BAC	New	BK OF AMERICA CORP	$14,091,000	–	452,660	–	0.77%	–
PG	New	PROCTER AND GAMBLE CO	$12,582,000	–	87,505	–	0.69%	–
JPM	New	JPMORGAN CHASE & CO	$12,214,000	–	108,467	–	0.67%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$10,814,000	–	17,117	–	0.59%	–
AVGO	New	BROADCOM INC	$10,227,000	–	21,052	–	0.56%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$10,061,000	–	289,535	–	0.55%	–
GOOG	New	ALPHABET INCcap stk cl c	$10,047,000	–	4,593	–	0.55%	–
PFE	New	PFIZER INC	$9,861,000	–	188,070	–	0.54%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$9,807,000	–	18,052	–	0.54%	–
MA	New	MASTERCARD INCORPORATEDcl a	$9,746,000	–	30,893	–	0.53%	–
VST	New	VISTRA CORP	$9,752,000	–	426,781	–	0.53%	–
UBER	New	UBER TECHNOLOGIES INC	$8,661,000	–	423,327	–	0.47%	–
ABT	New	ABBOTT LABS	$8,627,000	–	79,405	–	0.47%	–
TJX	New	TJX COS INC NEW	$8,635,000	–	154,619	–	0.47%	–
V	New	VISA INC	$8,503,000	–	43,187	–	0.46%	–
TMUS	New	T-MOBILE US INC	$8,187,000	–	60,849	–	0.45%	–
DHR	New	DANAHER CORPORATION	$7,999,000	–	31,552	–	0.44%	–
CME	New	CME GROUP INC	$7,977,000	–	38,968	–	0.44%	–
SHW	New	SHERWIN WILLIAMS CO	$7,868,000	–	35,138	–	0.43%	–
CIXX	New	CI FINL CORP	$7,687,000	–	723,786	–	0.42%	–
KO	New	COCA COLA CO	$7,673,000	–	121,970	–	0.42%	–
MRK	New	MERCK & CO INC	$7,638,000	–	83,775	–	0.42%	–
HD	New	HOME DEPOT INC	$7,529,000	–	27,450	–	0.41%	–
PH	New	PARKER-HANNIFIN CORP	$7,455,000	–	30,299	–	0.41%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$7,385,000	–	51,214	–	0.40%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$6,921,000	–	102,915	–	0.38%	–
NVDA	New	NVIDIA CORPORATION	$6,890,000	–	45,451	–	0.38%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$6,697,000	–	60,094	–	0.37%	–
MCD	New	MCDONALDS CORP	$6,583,000	–	26,664	–	0.36%	–
CRM	New	SALESFORCE INC	$6,561,000	–	39,753	–	0.36%	–
CBRE	New	CBRE GROUP INCcl a	$6,400,000	–	86,939	–	0.35%	–
BDX	New	BECTON DICKINSON & CO	$6,372,000	–	25,846	–	0.35%	–
COST	New	COSTCO WHSL CORP NEW	$6,170,000	–	12,874	–	0.34%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$6,148,000	–	16,796	–	0.34%	–
LLY	New	LILLY ELI & CO	$6,136,000	–	18,926	–	0.34%	–
NVS	New	NOVARTIS AGsponsored adr	$6,099,000	–	72,150	–	0.33%	–
JNJ	New	JOHNSON & JOHNSON	$6,011,000	–	33,865	–	0.33%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$5,895,000	–	123,023	–	0.32%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,552,000	–	20,336	–	0.30%	–
BERY	New	BERRY GLOBAL GROUP INC	$5,419,000	–	99,182	–	0.30%	–
ARMK	New	ARAMARK	$5,197,000	–	169,659	–	0.28%	–
CAT	New	CATERPILLAR INC	$5,112,000	–	28,597	–	0.28%	–
NOW	New	SERVICENOW INC	$5,116,000	–	10,758	–	0.28%	–
SPG	New	SIMON PPTY GROUP INC NEW	$4,961,000	–	52,265	–	0.27%	–
ASML	New	ASML HOLDING N V	$4,775,000	–	10,035	–	0.26%	–
YUM	New	YUM BRANDS INC	$4,623,000	–	40,729	–	0.25%	–
CVX	New	CHEVRON CORP NEW	$4,531,000	–	31,294	–	0.25%	–
ETR	New	ENTERGY CORP NEW	$4,464,000	–	39,633	–	0.24%	–
IMO	New	IMPERIAL OIL LTD	$4,367,000	–	92,640	–	0.24%	–
GILD	New	GILEAD SCIENCES INC	$4,347,000	–	70,336	–	0.24%	–
ULTA	New	ULTA BEAUTY INC	$4,209,000	–	10,919	–	0.23%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$4,211,000	–	8,988	–	0.23%	–
INTU	New	INTUIT	$4,180,000	–	10,844	–	0.23%	–
DIS	New	DISNEY WALT CO	$4,145,000	–	43,906	–	0.23%	–
VALE	New	VALE S Asponsored ads	$3,980,000	–	272,045	–	0.22%	–
REGN	New	REGENERON PHARMACEUTICALS	$3,981,000	–	6,735	–	0.22%	–
TXN	New	TEXAS INSTRS INC	$3,969,000	–	25,832	–	0.22%	–
MU	New	MICRON TECHNOLOGY INC	$3,963,000	–	71,690	–	0.22%	–
ESS	New	ESSEX PPTY TR INC	$3,894,000	–	14,889	–	0.21%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,875,000	–	98,748	–	0.21%	–
ZTS	New	ZOETIS INCcl a	$3,776,000	–	21,967	–	0.21%	–
QCOM	New	QUALCOMM INC	$3,745,000	–	29,315	–	0.20%	–
TSLA	New	TESLA INC	$3,707,000	–	5,504	–	0.20%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$3,676,000	–	54,473	–	0.20%	–
FANG	New	DIAMONDBACK ENERGY INC	$3,603,000	–	29,743	–	0.20%	–
GM	New	GENERAL MTRS CO	$3,256,000	–	102,509	–	0.18%	–
NICE	New	NICE LTDsponsored adr	$3,257,000	–	16,926	–	0.18%	–
INTC	New	INTEL CORP	$3,093,000	–	82,666	–	0.17%	–
	New	GENERAL ELECTRIC CO	$2,924,000	–	45,925	–	0.16%	–
INMD	New	INMODE LTD	$1,896,000	–	84,599	–	0.10%	–
APG	New	API GROUP CORP	$1,865,000	–	124,601	–	0.10%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,133,000	–	3,003	–	0.06%	–
CNI	New	CANADIAN NATL RY CO	$1,040,000	–	9,245	–	0.06%	–
BX	New	BLACKSTONE INC	$803,000	–	8,800	–	0.04%	–
	New	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$754,000	–	1,568,000	–	0.04%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$733,000	–	6,252	–	0.04%	–
DBC	New	INVESCO DB COMMDY INDX TRCKunit	$615,000	–	23,091	–	0.03%	–
IEF	New	ISHARES TR7-10 yr trsy bd	$518,000	–	5,062	–	0.03%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$471,000	–	28,020	–	0.03%	–
CNQ	New	CANADIAN NAT RES LTD	$415,000	–	7,730	–	0.02%	–
FNV	New	FRANCO NEV CORP	$341,000	–	2,595	–	0.02%	–
	New	POINTS COM INC	$286,000	–	11,454	–	0.02%	–
TRI	New	THOMSON REUTERS CORP.	$218,000	–	2,092	–	0.01%	–
CLS	New	CELESTICA INC	$221,000	–	22,700	–	0.01%	–
AEM	New	AGNICO EAGLE MINES LTD	$208,000	–	4,547	–	0.01%	–
LGFA	New	LIONS GATE ENTMNT CORPcl a vtg	$160,000	–	17,176	–	0.01%	–
GSBD	New	GOLDMAN SACHS BDC INC	$168,000	–	10,000	–	0.01%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$121,000	–	13,676	–	0.01%	–
	New	CONNEXA SPORTS TECHNOLOGIES	$75,000	–	50,000	–	0.00%	–
HBM	New	HUDBAY MINERALS INC	$41,000	–	10,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
HBM	Exit	HUDBAY MINERALS INC	$0	–	-10,000	–	-0.00%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-14,402	–	-0.01%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-13,676	–	-0.01%	–
CLS	Exit	CELESTICA INC	$0	–	-22,700	–	-0.01%	–
PCOM	Exit	POINTS INTL LTD	$0	–	-11,454	–	-0.01%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-1,808	–	-0.01%	–
CVEWS	Exit	CENOVUS ENERGY INC*w exp 01/01/202	$0	–	-31,651	–	-0.01%	–
MGNI	Exit	MAGNITE INC	$0	–	-8,021	–	-0.01%	–
RACE	Exit	FERRARI N V	$0	–	-1,025	–	-0.01%	–
LGFA	Exit	LIONS GATE ENTMNT CORPcl a vtg	$0	–	-17,176	–	-0.01%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-5,924	–	-0.01%	–
BEPC	Exit	BROOKFIELD RENEWABLE CORPcl a sub vtg	$0	–	-6,186	–	-0.01%	–
AMRS	Exit	AMYRIS INC	$0	–	-17,144	–	-0.01%	–
CLNE	Exit	CLEAN ENERGY FUELS CORP	$0	–	-33,425	–	-0.01%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-5,267	–	-0.01%	–
DISCA	Exit	DISCOVERY INC	$0	–	-6,986	–	-0.01%	–
DBC	Exit	INVESCO DB COMMDY INDX TRCKunit	$0	–	-14,737	–	-0.01%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-4,187	–	-0.01%	–
BBU	Exit	BROOKFIELD BUSINESS PARTNERSunit ltd l p	$0	–	-6,125	–	-0.01%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-1,498	–	-0.01%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-2,383	–	-0.01%	–
DDOG	Exit	DATADOG INC	$0	–	-2,215	–	-0.01%	–
GLD	Exit	SPDR GOLD TR	$0	–	-2,200	–	-0.02%	–
APPN	Exit	APPIAN CORPcl a	$0	–	-3,957	–	-0.02%	–
BIGC	Exit	BIGCOMMERCE HLDGS INC	$0	–	-8,081	–	-0.02%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-16,019	–	-0.02%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-28,020	–	-0.02%	–
AIV	Exit	APARTMENT INVT & MGMT COcl a	$0	–	-34,552	–	-0.02%	–
AMGN	Exit	AMGEN INC	$0	–	-2,403	–	-0.02%	–
DENN	Exit	DENNYS CORP	$0	–	-25,429	–	-0.02%	–
CGC	Exit	CANOPY GROWTH CORP	$0	–	-20,000	–	-0.02%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INcl a	$0	–	-1,666	–	-0.02%	–
PLTR	Exit	PALANTIR TECHNOLOGIES INCcl a	$0	–	-22,856	–	-0.02%	–
LMND	Exit	LEMONADE INC	$0	–	-8,943	–	-0.02%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-2,322	–	-0.02%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-2,788	–	-0.03%	–
DASH	Exit	DOORDASH INCcl a	$0	–	-3,372	–	-0.03%	–
EAT	Exit	BRINKER INTL INC	$0	–	-25,420	–	-0.03%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-7,182	–	-0.03%	–
PLAY	Exit	DAVE & BUSTERS ENTMT INC	$0	–	-19,802	–	-0.03%	–
BILL	Exit	BILL COM HLDGS INC	$0	–	-4,179	–	-0.03%	–
AIRC	Exit	APARTMENT INCOME REIT CORP	$0	–	-17,149	–	-0.04%	–
KSS	Exit	KOHLS CORP	$0	–	-17,788	–	-0.04%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-653	–	-0.04%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-12,106	–	-0.04%	–
DIN	Exit	DINE BRANDS GLOBAL INC	$0	–	-15,740	–	-0.04%	–
MANH	Exit	MANHATTAN ASSOCIATES INC	$0	–	-6,362	–	-0.04%	–
MARA	Exit	MARATHON DIGITAL HOLDINGS IN	$0	–	-26,626	–	-0.04%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-9,241	–	-0.04%	–
BLMN	Exit	BLOOMIN BRANDS INC	$0	–	-51,490	–	-0.05%	–
TGT	Exit	TARGET CORP	$0	–	-5,095	–	-0.05%	–
	Exit	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$0	–	-1,568,000	–	-0.05%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-28,735	–	-0.05%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-4,685	–	-0.05%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-35,085	–	-0.05%	–
TRUP	Exit	TRUPANION INC	$0	–	-17,069	–	-0.06%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-30,891	–	-0.06%	–
IGV	Exit	ISHARES TRexpanded tech	$0	–	-3,480	–	-0.06%	–
IAA	Exit	IAA INC	$0	–	-42,070	–	-0.06%	–
TCOM	Exit	TRIP COM GROUP LTDads	$0	–	-41,900	–	-0.06%	–
BJRI	Exit	BJS RESTAURANTS INC	$0	–	-50,925	–	-0.07%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-100,000	–	-0.07%	–
ROL	Exit	ROLLINS INC	$0	–	-42,150	–	-0.07%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-741	–	-0.07%	–
ACB	Exit	AURORA CANNABIS INC	$0	–	-16,666	–	-0.08%	–
ARES	Exit	ARES MANAGEMENT CORPORATION	$0	–	-43,725	–	-0.08%	–
UDR	Exit	UDR INC	$0	–	-47,793	–	-0.08%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-20,710	–	-0.08%	–
EXPE	Exit	EXPEDIA GROUP INC	$0	–	-13,191	–	-0.09%	–
GIS	Exit	GENERAL MLS INC	$0	–	-35,957	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-82,257	–	-0.09%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-56,458	–	-0.10%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,114	–	-0.11%	–
HAS	Exit	HASBRO INC	$0	–	-22,000	–	-0.11%	–
K	Exit	KELLOGG CO	$0	–	-50,319	–	-0.14%	–
CBRL	Exit	CRACKER BARREL OLD CTRY STOR	$0	–	-20,192	–	-0.14%	–
RSP	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$0	–	-21,877	–	-0.14%	–
TXRH	Exit	TEXAS ROADHOUSE INC	$0	–	-47,988	–	-0.14%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-37,089	–	-0.15%	–
SYY	Exit	SYSCO CORP	$0	–	-46,964	–	-0.15%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-51,595	–	-0.16%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-385,343	–	-0.16%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-56,443	–	-0.16%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-50,983	–	-0.17%	–
KO	Exit	COCA COLA CO	$0	–	-78,730	–	-0.17%	–
INTC	Exit	INTEL CORP	$0	–	-78,741	–	-0.18%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-22,056	–	-0.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,768	–	-0.18%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-42,035	–	-0.18%	–
GM	Exit	GENERAL MTRS CO	$0	–	-86,868	–	-0.19%	–
USO	Exit	UNITED STS OIL FD LPunits	$0	–	-50,000	–	-0.19%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-65,778	–	-0.20%	–
POSH	Exit	POSHMARK INC	$0	–	-197,867	–	-0.20%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-6,484	–	-0.20%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-14,913	–	-0.20%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-41,032	–	-0.20%	–
MRK	Exit	MERCK & CO INC	$0	–	-69,172	–	-0.22%	–
VALE	Exit	VALE S Asponsored ads	$0	–	-388,964	–	-0.23%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-12,204	–	-0.23%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-15,210	–	-0.23%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-99,196	–	-0.23%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-20,477	–	-0.23%	–
ABT	Exit	ABBOTT LABS	$0	–	-47,147	–	-0.23%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-20,748	–	-0.24%	–
QCOM	Exit	QUALCOMM INC	$0	–	-44,019	–	-0.24%	–
TSLA	Exit	TESLA INC	$0	–	-7,339	–	-0.24%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-33,358	–	-0.24%	–
DOW	Exit	DOW INC	$0	–	-103,037	–	-0.25%	–
PFE	Exit	PFIZER INC	$0	–	-141,155	–	-0.25%	–
YUM	Exit	YUM BRANDS INC	$0	–	-49,758	–	-0.26%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-20,815	–	-0.27%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-26,166	–	-0.27%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-21,541	–	-0.27%	–
MCD	Exit	MCDONALDS CORP	$0	–	-27,244	–	-0.28%	–
BLK	Exit	BLACKROCK INC	$0	–	-7,950	–	-0.28%	–
CAT	Exit	CATERPILLAR INC	$0	–	-35,260	–	-0.28%	–
PPG	Exit	PPG INDS INC	$0	–	-47,716	–	-0.28%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-45,179	–	-0.29%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-52,755	–	-0.29%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-36,888	–	-0.30%	–
INMD	Exit	INMODE LTD	$0	–	-45,284	–	-0.30%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-35,111	–	-0.30%	–
MAPS	Exit	WM TECHNOLOGY INC	$0	–	-505,410	–	-0.31%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-38,581	–	-0.31%	–
AVGO	Exit	BROADCOM INC	$0	–	-15,413	–	-0.31%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-46,678	–	-0.32%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-57,599	–	-0.32%	–
ASML	Exit	ASML HOLDING N V	$0	–	-10,219	–	-0.32%	–
DIS	Exit	DISNEY WALT CO	$0	–	-45,678	–	-0.32%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-132,000	–	-0.32%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-90,800	–	-0.33%	–
KWR	Exit	QUAKER CHEM CORP	$0	–	-41,260	–	-0.33%	–
NICE	Exit	NICE LTDsponsored adr	$0	–	-28,693	–	-0.34%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-66,145	–	-0.35%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-78,094	–	-0.36%	–
ARMK	Exit	ARAMARK	$0	–	-262,979	–	-0.36%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-25,238	–	-0.38%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-66,572	–	-0.39%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-33,257	–	-0.39%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-33,563	–	-0.39%	–
INTU	Exit	INTUIT	$0	–	-17,663	–	-0.40%	–
BX	Exit	BLACKSTONE INC	$0	–	-82,430	–	-0.40%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-209,585	–	-0.41%	–
V	Exit	VISA INC	$0	–	-44,720	–	-0.42%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-18,096	–	-0.43%	–
CME	Exit	CME GROUP INC	$0	–	-54,113	–	-0.44%	–
TROX	Exit	TRONOX HOLDINGS PLC	$0	–	-432,281	–	-0.45%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-299,988	–	-0.46%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-18,453	–	-0.47%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-33,033	–	-0.48%	–
TJX	Exit	TJX COS INC NEW	$0	–	-183,317	–	-0.51%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-691,950	–	-0.52%	–
VLRS	Exit	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$0	–	-575,142	–	-0.52%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-134,774	–	-0.53%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-50,212	–	-0.55%	–
HD	Exit	HOME DEPOT INC	$0	–	-40,041	–	-0.55%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-426,793	–	-0.57%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-204,505	–	-0.59%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-397,245	–	-0.61%	–
CIXX	Exit	CI FINL CORP	$0	–	-732,044	–	-0.62%	–
UNP	Exit	UNION PAC CORP	$0	–	-75,881	–	-0.62%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-182,047	–	-0.62%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-26,931	–	-0.65%	–
BTG	Exit	B2GOLD CORP	$0	–	-4,571,333	–	-0.65%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-44,885	–	-0.67%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-74,514	–	-0.68%	–
TU	Exit	TELUS CORPORATION	$0	–	-745,233	–	-0.68%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-296,861	–	-0.73%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-288,370	–	-0.73%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-436,615	–	-0.78%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-114,724	–	-0.78%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-47	–	-0.81%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-45,582	–	-0.81%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-200,893	–	-0.84%	–
MGA	Exit	MAGNA INTL INC	$0	–	-270,355	–	-0.85%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-88,020	–	-0.86%	–
KRE	Exit	SPDR SER TRs&p regl bkg	$0	–	-306,958	–	-0.87%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-53,220	–	-0.87%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-446,918	–	-0.91%	–
APG	Exit	API GROUP CORP	$0	–	-1,141,390	–	-0.97%	–
TRP	Exit	TC ENERGY CORP	$0	–	-489,363	–	-0.98%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-187,732	–	-1.00%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-223,403	–	-1.14%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-245,737	–	-1.14%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,336,283	–	-1.16%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-1,910,685	–	-1.17%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-12,197	–	-1.36%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-263,358	–	-1.39%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-259,326	–	-1.40%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-1,150,423	–	-1.40%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-650,693	–	-1.40%	–
NTR	Exit	NUTRIEN LTD	$0	–	-518,130	–	-1.41%	–
	Exit	BRP INC	$0	–	-368,923	–	-1.43%	–
APO	Exit	APOLLO GLOBAL MGMT INC	$0	–	-566,918	–	-1.46%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-197,437	–	-1.49%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-644,251	–	-1.52%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-14,129	–	-1.58%	–
AMZN	Exit	AMAZON COM INC	$0	–	-12,049	–	-1.66%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,057,771	–	-1.66%	–
NRG	Exit	NRG ENERGY INC	$0	–	-989,962	–	-1.69%	–
BCE	Exit	BCE INC	$0	–	-827,459	–	-1.73%	–
AAPL	Exit	APPLE INC	$0	–	-307,634	–	-1.82%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-164,991	–	-1.94%	–
BNS	Exit	BANK NOVA SCOTIA B C	$0	–	-759,391	–	-1.96%	–
AON	Exit	AON PLC	$0	–	-169,969	–	-2.03%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-776,136	–	-2.12%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-161,687	–	-2.30%	–
RY	Exit	ROYAL BK CDA	$0	–	-571,104	–	-2.38%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-872,034	–	-2.41%	–
WSC	Exit	WILLSCOT MOBIL MINI HLDNG CO	$0	–	-2,029,809	–	-2.69%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,274,216	–	-2.86%	–
ENB	Exit	ENBRIDGE INC	$0	–	-2,151,283	–	-3.58%	–

Q3 2021

			Value		Shares		↓ Weighting
ENB	Sell	ENBRIDGE INC	$85,695,000	-2.2%	2,151,283	-1.6%	3.58%	-11.3%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$68,270,000	+1.0%	1,274,216	-3.8%	2.86%	-8.4%
WSC	Buy	WILLSCOT MOBIL MINI HLDNG CO	$64,386,000	+56.3%	2,029,809	+37.3%	2.69%	+41.7%
TD	Sell	TORONTO DOMINION BK ONT	$57,723,000	-8.7%	872,034	-3.3%	2.41%	-17.2%
RY	Sell	ROYAL BK CDA	$56,820,000	-5.9%	571,104	-4.1%	2.38%	-14.7%
FB	Sell	FACEBOOK INCcl a	$54,875,000	-6.3%	161,687	-4.0%	2.30%	-15.1%
CP	Buy	CANADIAN PAC RY LTD	$50,676,000	+21.3%	776,136	+43.0%	2.12%	+10.0%
AON	Sell	AON PLC	$48,572,000	+13.1%	169,969	-5.5%	2.03%	+2.5%
BNS	Sell	BANK NOVA SCOTIA B C	$46,735,000	-5.8%	759,391	-0.5%	1.96%	-14.6%
MSFT	Buy	MICROSOFT CORP	$46,514,000	+4.5%	164,991	+0.4%	1.94%	-5.3%
AAPL	Buy	APPLE INC	$43,530,000	+3.9%	307,634	+0.6%	1.82%	-5.7%
BCE	Buy	BCE INC	$41,446,000	+4.8%	827,459	+3.2%	1.73%	-5.0%
MFC	Sell	MANULIFE FINL CORP	$39,604,000	-4.6%	2,057,771	-2.4%	1.66%	-13.6%
AMZN	Buy	AMAZON COM INC	$39,581,000	+27.0%	12,049	+32.9%	1.66%	+15.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$37,774,000	+9.4%	14,129	-0.1%	1.58%	-0.8%
BIP	Buy	BROOKFIELD INFRAST PARTNERSlp int unit	$36,227,000	+2.4%	644,251	+1.1%	1.52%	-7.2%
FSV	Sell	FIRSTSERVICE CORP NEW	$35,692,000	-1.6%	197,437	-6.6%	1.49%	-10.8%
APO	Buy	APOLLO GLOBAL MGMT INC	$34,916,000	+1.5%	566,918	+2.5%	1.46%	-8.0%
	Sell	BRP INC	$34,144,000	+10.5%	368,923	-6.5%	1.43%	+0.2%
NTR	Sell	NUTRIEN LTD	$33,626,000	+1.6%	518,130	-5.1%	1.41%	-7.9%
SLF	Sell	SUN LIFE FINANCIAL INC.	$33,491,000	-0.8%	650,693	-0.6%	1.40%	-10.0%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$33,439,000	-1.9%	1,150,423	-2.2%	1.40%	-11.0%
LQD	Buy	ISHARES TRiboxx inv cp etf	$33,419,000	+4051.4%	259,326	+4227.9%	1.40%	+3678.4%
WCN	Sell	WASTE CONNECTIONS INC	$33,189,000	-1.0%	263,358	-6.1%	1.39%	-10.3%
GOOG	Buy	ALPHABET INCcap stk cl c	$32,509,000	+6.7%	12,197	+0.3%	1.36%	-3.3%
AQN	Buy	ALGONQUIN PWR UTILS CORP	$28,010,000	+1.5%	1,910,685	+3.2%	1.17%	-8.0%
SU	Sell	SUNCOR ENERGY INC NEW	$27,701,000	-18.0%	1,336,283	-5.2%	1.16%	-25.6%
CM	Buy	CANADIAN IMP BK COMM	$27,353,000	+3.2%	245,737	+5.6%	1.14%	-6.5%
FIS	Buy	FIDELITY NATL INFORMATION SV	$27,184,000	-14.1%	223,403	+0.1%	1.14%	-22.1%
CIGI	Sell	COLLIERS INTL GROUP INC	$24,028,000	-16.6%	187,732	-27.0%	1.00%	-24.4%
TRP	Sell	TC ENERGY CORP	$23,550,000	-36.1%	489,363	-34.3%	0.98%	-42.1%
APG	Sell	API GROUP CORP	$23,227,000	-29.4%	1,141,390	-27.6%	0.97%	-36.1%
OTEX	Sell	OPEN TEXT CORP	$21,811,000	-9.7%	446,918	-6.0%	0.91%	-18.1%
KRE	New	SPDR SER TRs&p regl bkg	$20,796,000	–	306,958	–	0.87%	–
UNH	Buy	UNITEDHEALTH GROUP INC	$20,795,000	+5.7%	53,220	+8.3%	0.87%	-4.2%
WLTW	Buy	WILLIS TOWERS WATSON PLC LTD	$20,461,000	+278.3%	88,020	+274.3%	0.86%	+242.4%
MGA	Sell	MAGNA INTL INC	$20,344,000	-34.7%	270,355	-19.6%	0.85%	-40.8%
BMO	Buy	BANK MONTREAL QUE	$20,054,000	+2.2%	200,893	+5.0%	0.84%	-7.4%
SPGI	Buy	S&P GLOBAL INC	$19,367,000	+3.7%	45,582	+0.1%	0.81%	-6.0%
JPM	Buy	JPMORGAN CHASE & CO	$18,779,000	+5.4%	114,724	+0.1%	0.78%	-4.5%
BAC	Buy	BK OF AMERICA CORP	$18,534,000	+3.0%	436,615	+0.0%	0.78%	-6.7%
BERY	Buy	BERRY GLOBAL GROUP INC	$17,556,000	+99.5%	288,370	+113.8%	0.73%	+80.8%
XOM	Sell	EXXON MOBIL CORP	$17,461,000	-14.5%	296,861	-8.3%	0.73%	-22.6%
TU	Buy	TELUS CORPORATION	$16,378,000	+3.3%	745,233	+5.5%	0.68%	-6.4%
IWM	Buy	ISHARES TRrussell 2000 etf	$16,299,000	+5981.7%	74,514	+6279.6%	0.68%	+5583.3%
QQQ	New	INVESCO QQQ TRunit ser 1	$16,067,000	–	44,885	–	0.67%	–
BTG	Sell	B2GOLD CORP	$15,626,000	-22.6%	4,571,333	-5.0%	0.65%	-29.8%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$15,505,000	-1.5%	26,931	+0.1%	0.65%	-10.9%
NVS	Buy	NOVARTIS AGsponsored adr	$14,888,000	+14.9%	182,047	+28.2%	0.62%	+4.2%
UNP	Buy	UNION PAC CORP	$14,873,000	-5.6%	75,881	+6.0%	0.62%	-14.4%
CIXX	Sell	CI FINL CORP	$14,858,000	+10.2%	732,044	-0.3%	0.62%	-0.2%
CNQ	Sell	CANADIAN NAT RES LTD	$14,523,000	+0.2%	397,245	-0.5%	0.61%	-9.3%
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$14,078,000	–	204,505	–	0.59%	–
PBA	Buy	PEMBINA PIPELINE CORP	$13,527,000	+3.2%	426,793	+3.6%	0.57%	-6.4%
HD	Buy	HOME DEPOT INC	$13,144,000	+3.1%	40,041	+0.1%	0.55%	-6.5%
PYPL	Buy	PAYPAL HLDGS INC	$13,066,000	-10.6%	50,212	+0.1%	0.55%	-19.0%
FANG	Sell	DIAMONDBACK ENERGY INC	$12,759,000	-15.0%	134,774	-15.7%	0.53%	-22.9%
VLRS	Sell	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$12,544,000	-14.7%	575,142	-24.9%	0.52%	-22.7%
GOLD	Sell	BARRICK GOLD CORP	$12,493,000	-13.0%	691,950	-0.3%	0.52%	-21.0%
TJX	Buy	TJX COS INC NEW	$12,095,000	-1.3%	183,317	+0.8%	0.51%	-10.6%
MA	Sell	MASTERCARD INCORPORATEDcl a	$11,485,000	-5.1%	33,033	-0.3%	0.48%	-14.0%
ORLY	Buy	OREILLY AUTOMOTIVE INC	$11,276,000	+15.8%	18,453	+7.3%	0.47%	+5.1%
BEP	Buy	BROOKFIELD RENEWABLE PARTNERpartnership unit	$11,083,000	-1.0%	299,988	+3.6%	0.46%	-10.3%
TROX	Sell	TRONOX HOLDINGS PLC	$10,656,000	-14.1%	432,281	-22.0%	0.45%	-22.2%
CME	Buy	CME GROUP INC	$10,464,000	-8.9%	54,113	+0.1%	0.44%	-17.4%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$10,339,000	+13.4%	18,096	+0.1%	0.43%	+2.6%
V	Sell	VISA INC	$9,961,000	-5.1%	44,720	-0.3%	0.42%	-13.8%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$9,786,000	-5.2%	209,585	+7.9%	0.41%	-14.3%
BX	Buy	BLACKSTONE INC	$9,590,000	+1021.6%	82,430	+836.7%	0.40%	+928.2%
INTU	Buy	INTUIT	$9,529,000	+10.2%	17,663	+0.1%	0.40%	0.0%
SHW	Sell	SHERWIN WILLIAMS CO	$9,389,000	+2.5%	33,563	-0.2%	0.39%	-7.1%
PH	Buy	PARKER-HANNIFIN CORP	$9,299,000	-8.8%	33,257	+0.1%	0.39%	-17.4%
PG	Buy	PROCTER AND GAMBLE CO	$9,307,000	+3.8%	66,572	+0.1%	0.39%	-6.0%
NOC	Buy	NORTHROP GRUMMAN CORP	$9,089,000	+7.2%	25,238	+8.2%	0.38%	-2.8%
ARMK	Sell	ARAMARK	$8,641,000	-29.8%	262,979	-20.4%	0.36%	-36.4%
SBUX	New	STARBUCKS CORP	$8,615,000	–	78,094	–	0.36%	–
MDT	Buy	MEDTRONIC PLC	$8,291,000	+1.1%	66,145	+0.1%	0.35%	-8.2%
KWR	New	QUAKER CHEM CORP	$7,942,000	–	41,260	–	0.33%	–
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$7,874,000	-22.1%	90,800	-24.1%	0.33%	-29.6%
XLB	New	SELECT SECTOR SPDR TRsbi materials	$7,748,000	–	132,000	–	0.32%	–
DIS	Buy	DISNEY WALT CO	$7,727,000	-2.5%	45,678	+1.3%	0.32%	-11.7%
ASML	Sell	ASML HOLDING N V	$7,614,000	-16.6%	10,219	-22.7%	0.32%	-24.5%
HLT	Buy	HILTON WORLDWIDE HLDGS INC	$7,609,000	+9.7%	57,599	+0.2%	0.32%	-0.6%
COF	Buy	CAPITAL ONE FINL CORP	$7,560,000	+4.9%	46,678	+0.1%	0.32%	-5.1%
AVGO	Buy	BROADCOM INC	$7,474,000	+1.8%	15,413	+0.1%	0.31%	-7.7%
TXN	Sell	TEXAS INSTRS INC	$7,416,000	-24.2%	38,581	-24.1%	0.31%	-31.3%
MAPS	Buy	WM TECHNOLOGY INC	$7,328,000	+17.2%	505,410	+44.4%	0.31%	+6.2%
NVDA	Buy	NVIDIA CORPORATION	$7,274,000	+3.7%	35,111	+300.5%	0.30%	-6.2%
INMD	Sell	INMODE LTD	$7,221,000	-27.3%	45,284	-56.8%	0.30%	-34.1%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$7,115,000	+3.2%	36,888	+0.1%	0.30%	-6.3%
SPG	Buy	SIMON PPTY GROUP INC NEW	$6,857,000	-0.4%	52,755	+0.0%	0.29%	-9.7%
MMC	New	MARSH & MCLENNAN COS INC	$6,841,000	–	45,179	–	0.29%	–
PPG	Buy	PPG INDS INC	$6,824,000	-15.6%	47,716	+0.2%	0.28%	-23.6%
CAT	Buy	CATERPILLAR INC	$6,769,000	-11.7%	35,260	+0.1%	0.28%	-20.1%
BLK	New	BLACKROCK INC	$6,667,000	–	7,950	–	0.28%	–
MCD	Buy	MCDONALDS CORP	$6,569,000	+6.3%	27,244	+1.9%	0.28%	-3.5%
DHR	Buy	DANAHER CORPORATION	$6,558,000	+13.6%	21,541	+0.1%	0.27%	+3.0%
BDX	Buy	BECTON DICKINSON & CO	$6,432,000	+2.8%	26,166	+1.7%	0.27%	-6.9%
DPZ	New	DOMINOS PIZZA INC	$6,370,000	–	20,815	–	0.27%	–
YUM	Buy	YUM BRANDS INC	$6,086,000	+29.3%	49,758	+21.6%	0.26%	+17.5%
PFE	Buy	PFIZER INC	$6,071,000	+10.0%	141,155	+0.1%	0.25%	-0.4%
DOW	Buy	DOW INC	$5,931,000	+28.0%	103,037	+40.7%	0.25%	+15.9%
SWK	Buy	STANLEY BLACK & DECKER INC	$5,848,000	-14.4%	33,358	+0.1%	0.24%	-22.2%
TSLA	Sell	TESLA INC	$5,691,000	+13.4%	7,339	-0.6%	0.24%	+2.6%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$5,663,000	-1.2%	20,748	+0.6%	0.24%	-10.2%
QCOM	Buy	QUALCOMM INC	$5,678,000	-9.6%	44,019	+0.2%	0.24%	-18.3%
ABT	Buy	ABBOTT LABS	$5,569,000	+2.0%	47,147	+0.1%	0.23%	-7.5%
CRM	New	SALESFORCE COM INC	$5,554,000	–	20,477	–	0.23%	–
CMCSA	Buy	COMCAST CORP NEWcl a	$5,548,000	-1.8%	99,196	+0.1%	0.23%	-11.1%
ULTA	Sell	ULTA BEAUTY INC	$5,490,000	-31.3%	15,210	-34.2%	0.23%	-37.7%
COST	Buy	COSTCO WHSL CORP NEW	$5,484,000	+16.4%	12,204	+2.5%	0.23%	+5.5%
MRK	Buy	MERCK & CO INC	$5,196,000	-2.2%	69,172	+1.3%	0.22%	-11.4%
INFO	Buy	IHS MARKIT LTD	$4,785,000	+3.7%	41,032	+0.1%	0.20%	-6.1%
ESS	Buy	ESSEX PPTY TR INC	$4,768,000	+6.6%	14,913	+0.0%	0.20%	-3.4%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$4,718,000	-13.8%	6,484	-14.5%	0.20%	-22.1%
POSH	New	POSHMARK INC	$4,701,000	–	197,867	–	0.20%	–
MU	Sell	MICRON TECHNOLOGY INC	$4,669,000	-65.9%	65,778	-59.2%	0.20%	-69.1%
USO	New	UNITED STS OIL FD LPunits	$4,616,000	–	50,000	–	0.19%	–
GM	Buy	GENERAL MTRS CO	$4,579,000	+11.1%	86,868	+24.7%	0.19%	+1.1%
JNJ	Buy	JOHNSON & JOHNSON	$4,323,000	-1.2%	26,768	+0.8%	0.18%	-10.4%
	New	GENERAL ELECTRIC CO	$4,331,000	–	42,035	–	0.18%	–
ZTS	Buy	ZOETIS INCcl a	$4,282,000	+4.3%	22,056	+0.1%	0.18%	-5.3%
INTC	Buy	INTEL CORP	$4,195,000	-5.0%	78,741	+0.1%	0.18%	-14.2%
KO	Buy	COCA COLA CO	$4,131,000	-2.9%	78,730	+0.1%	0.17%	-11.7%
NEE	Buy	NEXTERA ENERGY INC	$4,003,000	+7.3%	50,983	+0.2%	0.17%	-2.9%
GILD	Buy	GILEAD SCIENCES INC	$3,943,000	+1.6%	56,443	+0.2%	0.16%	-7.8%
CVE	New	CENOVUS ENERGY INC	$3,885,000	–	385,343	–	0.16%	–
OMC	New	OMNICOM GROUP INC	$3,739,000	–	51,595	–	0.16%	–
ETR	Buy	ENTERGY CORP NEW	$3,683,000	+4.5%	37,089	+5.0%	0.15%	-5.5%
SYY	New	SYSCO CORP	$3,687,000	–	46,964	–	0.15%	–
TXRH	New	TEXAS ROADHOUSE INC	$3,404,000	–	47,988	–	0.14%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$3,278,000	–	21,877	–	0.14%	–
K	New	KELLOGG CO	$3,216,000	–	50,319	–	0.14%	–
CBRL	New	CRACKER BARREL OLD CTRY STOR	$3,230,000	–	20,192	–	0.14%	–
HAS	New	HASBRO INC	$2,728,000	–	22,000	–	0.11%	–
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$2,624,000	+117.6%	6,114	+117.0%	0.11%	+96.4%
CPB	New	CAMPBELL SOUP CO	$2,361,000	–	56,458	–	0.10%	–
T	New	AT&T INC	$2,222,000	–	82,257	–	0.09%	–
EXPE	New	EXPEDIA GROUP INC	$2,162,000	–	13,191	–	0.09%	–
GIS	New	GENERAL MLS INC	$2,151,000	–	35,957	–	0.09%	–
WSM	New	WILLIAMS SONOMA INC	$1,986,000	–	20,710	–	0.08%	–
ARES	New	ARES MANAGEMENT CORPORATION	$1,958,000	–	43,725	–	0.08%	–
UDR	New	UDR INC	$1,966,000	–	47,793	–	0.08%	–
ACB	New	AURORA CANNABIS INC	$1,868,000	–	16,666	–	0.08%	–
BKNG	New	BOOKING HOLDINGS INC	$1,759,000	–	741	–	0.07%	–
ROL	New	ROLLINS INC	$1,732,000	–	42,150	–	0.07%	–
KMI	New	KINDER MORGAN INC DEL	$1,688,000	–	100,000	–	0.07%	–
BJRI	New	BJS RESTAURANTS INC	$1,649,000	–	50,925	–	0.07%	–
IGV	New	ISHARES TRexpanded tech	$1,389,000	–	3,480	–	0.06%	–
IAA	New	IAA INC	$1,392,000	–	42,070	–	0.06%	–
TCOM	New	TRIP COM GROUP LTDads	$1,394,000	–	41,900	–	0.06%	–
CAKE	New	CHEESECAKE FACTORY INC	$1,310,000	–	30,891	–	0.06%	–
TRUP	New	TRUPANION INC	$1,326,000	–	17,069	–	0.06%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$1,268,000	–	35,085	–	0.05%	–
SYK	New	STRYKER CORPORATION	$1,236,000	–	4,685	–	0.05%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$1,246,000	–	28,735	–	0.05%	–
TGT	New	TARGET CORP	$1,166,000	–	5,095	–	0.05%	–
BLMN	New	BLOOMIN BRANDS INC	$1,111,000	–	51,490	–	0.05%	–
MARA	New	MARATHON DIGITAL HOLDINGS IN	$993,000	–	26,626	–	0.04%	–
MANH	New	MANHATTAN ASSOCIATES INC	$968,000	–	6,362	–	0.04%	–
DIN	New	DINE BRANDS GLOBAL INC	$929,000	–	15,740	–	0.04%	–
DRI	New	DARDEN RESTAURANTS INC	$924,000	–	12,106	–	0.04%	–
SHOP	New	SHOPIFY INCcl a	$885,000	–	653	–	0.04%	–
AIRC	New	APARTMENT INCOME REIT CORP	$837,000	–	17,149	–	0.04%	–
KSS	New	KOHLS CORP	$838,000	–	17,788	–	0.04%	–
BILL	New	BILL COM HLDGS INC	$803,000	–	4,179	–	0.03%	–
PLAY	New	DAVE & BUSTERS ENTMT INC	$783,000	–	19,802	–	0.03%	–
EAT	New	BRINKER INTL INC	$777,000	–	25,420	–	0.03%	–
DASH	New	DOORDASH INCcl a	$695,000	–	3,372	–	0.03%	–
COUP	New	COUPA SOFTWARE INC	$665,000	–	2,788	–	0.03%	–
DOCU	New	DOCUSIGN INC	$598,000	–	2,322	–	0.02%	–
LMND	New	LEMONADE INC	$599,000	–	8,943	–	0.02%	–
PLTR	New	PALANTIR TECHNOLOGIES INCcl a	$593,000	–	22,856	–	0.02%	–
ZM	New	ZOOM VIDEO COMMUNICATIONS INcl a	$545,000	–	1,666	–	0.02%	–
CGC	New	CANOPY GROWTH CORP	$546,000	–	20,000	–	0.02%	–
DENN	New	DENNYS CORP	$517,000	–	25,429	–	0.02%	–
AMGN	New	AMGEN INC	$511,000	–	2,403	–	0.02%	–
AIV	New	APARTMENT INVT & MGMT COcl a	$469,000	–	34,552	–	0.02%	–
DDD	New	3-D SYS CORP DEL	$442,000	–	16,019	–	0.02%	–
BIGC	New	BIGCOMMERCE HLDGS INC	$409,000	–	8,081	–	0.02%	–
APPN	New	APPIAN CORPcl a	$366,000	–	3,957	–	0.02%	–
GLD	Sell	SPDR GOLD TR	$361,000	-53.2%	2,200	-52.8%	0.02%	-58.3%
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$299,000	–	1,498	–	0.01%	–
DDOG	New	DATADOG INC	$313,000	–	2,215	–	0.01%	–
DISCA	New	DISCOVERY INC	$290,000	–	6,986	–	0.01%	–
DBC	Sell	INVESCO DB COMMDY INDX TRCKunit	$297,000	-34.7%	14,737	-37.6%	0.01%	-42.9%
EWJ	New	ISHARES INCmsci jpn etf new	$294,000	–	4,187	–	0.01%	–
CLNE	New	CLEAN ENERGY FUELS CORP	$272,000	–	33,425	–	0.01%	–
VIAC	New	VIACOMCBS INCcl b	$234,000	–	5,924	–	0.01%	–
AMRS	New	AMYRIS INC	$235,000	–	17,144	–	0.01%	–
MGNI	New	MAGNITE INC	$225,000	–	8,021	–	0.01%	–
CVEWS	New	CENOVUS ENERGY INC*w exp 01/01/202	$187,000	–	31,651	–	0.01%	–
TRI	New	THOMSON REUTERS CORP.	$200,000	–	1,808	–	0.01%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-2,267	–	-0.01%	–
HRB	Exit	BLOCK H & R INC	$0	–	-10,640	–	-0.01%	–
BAMR	Exit	BROOKFIELD ASSET MGMT REINScl a exch lt vtg	$0	–	-9,043	–	-0.02%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-11,511	–	-0.04%	–
F	Exit	FORD MTR CO DEL	$0	–	-241,313	–	-0.16%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-336,014	–	-0.21%	–
AZUL	Exit	AZUL S Asponsr adr pfd	$0	–	-209,677	–	-0.26%	–

Q2 2021

			Value		Shares		↓ Weighting
ENB	New	ENBRIDGE INC	$87,605,000	–	2,187,241	–	4.04%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$67,563,000	–	1,323,978	–	3.12%	–
TD	New	TORONTO DOMINION BK ONT	$63,222,000	–	901,899	–	2.92%	–
RY	New	ROYAL BK CDA	$60,376,000	–	595,766	–	2.79%	–
FB	New	FACEBOOK INCcl a	$58,573,000	–	168,455	–	2.70%	–
BNS	New	BANK NOVA SCOTIA B C	$49,638,000	–	762,932	–	2.29%	–
MSFT	New	MICROSOFT CORP	$44,518,000	–	164,333	–	2.05%	–
AON	New	AON PLC	$42,952,000	–	179,896	–	1.98%	–
AAPL	New	APPLE INC	$41,878,000	–	305,771	–	1.93%	–
CP	New	CANADIAN PAC RY LTD	$41,762,000	–	542,914	–	1.93%	–
MFC	New	MANULIFE FINL CORP	$41,514,000	–	2,108,300	–	1.92%	–
WSC	New	WILLSCOT MOBIL MINI HLDNG CO	$41,206,000	–	1,478,514	–	1.90%	–
NRG	New	NRG ENERGY INC	$39,895,000	–	989,962	–	1.84%	–
BCE	New	BCE INC	$39,555,000	–	801,717	–	1.82%	–
TRP	New	TC ENERGY CORP	$36,851,000	–	744,421	–	1.70%	–
FSV	New	FIRSTSERVICE CORP NEW	$36,272,000	–	211,426	–	1.67%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$35,380,000	–	636,969	–	1.63%	–
GOOGL	New	ALPHABET INCcap stk cl a	$34,527,000	–	14,140	–	1.59%	–
APO	New	APOLLO GLOBAL MGMT INC	$34,401,000	–	553,078	–	1.59%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$34,076,000	–	1,175,859	–	1.57%	–
SU	New	SUNCOR ENERGY INC NEW	$33,763,000	–	1,409,250	–	1.56%	–
SLF	New	SUN LIFE FINANCIAL INC.	$33,750,000	–	654,295	–	1.56%	–
WCN	New	WASTE CONNECTIONS INC	$33,527,000	–	280,546	–	1.55%	–
NTR	New	NUTRIEN LTD	$33,091,000	–	545,964	–	1.53%	–
APG	New	API GROUP CORP	$32,922,000	–	1,575,949	–	1.52%	–
FIS	New	FIDELITY NATL INFORMATION SV	$31,630,000	–	223,267	–	1.46%	–
AMZN	New	AMAZON COM INC	$31,178,000	–	9,063	–	1.44%	–
MGA	New	MAGNA INTL INC	$31,133,000	–	336,131	–	1.44%	–
	New	BRP INC	$30,888,000	–	394,617	–	1.42%	–
GOOG	New	ALPHABET INCcap stk cl c	$30,474,000	–	12,159	–	1.41%	–
CIGI	New	COLLIERS INTL GROUP INC	$28,810,000	–	257,191	–	1.33%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$27,596,000	–	1,851,226	–	1.27%	–
CM	New	CANADIAN IMP BK COMM	$26,508,000	–	232,737	–	1.22%	–
OTEX	New	OPEN TEXT CORP	$24,145,000	–	475,323	–	1.11%	–
XOM	New	EXXON MOBIL CORP	$20,429,000	–	323,861	–	0.94%	–
BTG	New	B2GOLD CORP	$20,186,000	–	4,810,672	–	0.93%	–
UNH	New	UNITEDHEALTH GROUP INC	$19,676,000	–	49,136	–	0.91%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$19,674,000	–	47	–	0.91%	–
BMO	New	BANK MONTREAL QUE	$19,628,000	–	191,387	–	0.91%	–
SPGI	New	S&P GLOBAL INC	$18,682,000	–	45,515	–	0.86%	–
BAC	New	BK OF AMERICA CORP	$17,999,000	–	436,555	–	0.83%	–
JPM	New	JPMORGAN CHASE & CO	$17,818,000	–	114,557	–	0.82%	–
TU	New	TELUS CORPORATION	$15,856,000	–	706,628	–	0.73%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$15,749,000	–	26,892	–	0.73%	–
UNP	New	UNION PAC CORP	$15,750,000	–	71,615	–	0.73%	–
FANG	New	DIAMONDBACK ENERGY INC	$15,012,000	–	159,890	–	0.69%	–
VLRS	New	CONTROLADORA VUELA COMP DE Aspon adr rp 10	$14,713,000	–	765,904	–	0.68%	–
PYPL	New	PAYPAL HLDGS INC	$14,614,000	–	50,138	–	0.67%	–
CNQ	New	CANADIAN NAT RES LTD	$14,498,000	–	399,234	–	0.67%	–
GOLD	New	BARRICK GOLD CORP	$14,353,000	–	693,690	–	0.66%	–
MU	New	MICRON TECHNOLOGY INC	$13,697,000	–	161,174	–	0.63%	–
CIXX	New	CI FINL CORP	$13,477,000	–	734,074	–	0.62%	–
PBA	New	PEMBINA PIPELINE CORP	$13,103,000	–	412,131	–	0.60%	–
NVS	New	NOVARTIS AGsponsored adr	$12,960,000	–	142,047	–	0.60%	–
HD	New	HOME DEPOT INC	$12,750,000	–	39,983	–	0.59%	–
TROX	New	TRONOX HOLDINGS PLC	$12,408,000	–	553,934	–	0.57%	–
ARMK	New	ARAMARK	$12,301,000	–	330,223	–	0.57%	–
TJX	New	TJX COS INC NEW	$12,260,000	–	181,851	–	0.57%	–
MA	New	MASTERCARD INCORPORATEDcl a	$12,098,000	–	33,136	–	0.56%	–
CME	New	CME GROUP INC	$11,492,000	–	54,033	–	0.53%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$11,194,000	–	289,549	–	0.52%	–
V	New	VISA INC	$10,492,000	–	44,873	–	0.48%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$10,328,000	–	194,162	–	0.48%	–
PH	New	PARKER-HANNIFIN CORP	$10,199,000	–	33,211	–	0.47%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$10,111,000	–	119,640	–	0.47%	–
INMD	New	INMODE LTD	$9,935,000	–	104,931	–	0.46%	–
TXN	New	TEXAS INSTRS INC	$9,779,000	–	50,853	–	0.45%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$9,735,000	–	17,193	–	0.45%	–
SHW	New	SHERWIN WILLIAMS CO	$9,164,000	–	33,634	–	0.42%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$9,116,000	–	18,070	–	0.42%	–
ASML	New	ASML HOLDING N V	$9,132,000	–	13,219	–	0.42%	–
PG	New	PROCTER AND GAMBLE CO	$8,970,000	–	66,480	–	0.41%	–
VALE	New	VALE S Asponsored ads	$8,872,000	–	388,964	–	0.41%	–
BERY	New	BERRY GLOBAL GROUP INC	$8,798,000	–	134,899	–	0.41%	–
INTU	New	INTUIT	$8,646,000	–	17,639	–	0.40%	–
NOC	New	NORTHROP GRUMMAN CORP	$8,476,000	–	23,322	–	0.39%	–
MDT	New	MEDTRONIC PLC	$8,199,000	–	66,048	–	0.38%	–
PPG	New	PPG INDS INC	$8,088,000	–	47,640	–	0.37%	–
ULTA	New	ULTA BEAUTY INC	$7,995,000	–	23,121	–	0.37%	–
DIS	New	DISNEY WALT CO	$7,924,000	–	45,079	–	0.37%	–
CAT	New	CATERPILLAR INC	$7,663,000	–	35,212	–	0.35%	–
AVGO	New	BROADCOM INC	$7,340,000	–	15,392	–	0.34%	–
COF	New	CAPITAL ONE FINL CORP	$7,210,000	–	46,609	–	0.33%	–
NICE	New	NICE LTDsponsored adr	$7,100,000	–	28,693	–	0.33%	–
NVDA	New	NVIDIA CORPORATION	$7,014,000	–	8,766	–	0.32%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$6,937,000	–	57,509	–	0.32%	–
SPG	New	SIMON PPTY GROUP INC NEW	$6,883,000	–	52,752	–	0.32%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$6,894,000	–	36,835	–	0.32%	–
SWK	New	STANLEY BLACK & DECKER INC	$6,829,000	–	33,312	–	0.32%	–
QCOM	New	QUALCOMM INC	$6,281,000	–	43,946	–	0.29%	–
BDX	New	BECTON DICKINSON & CO	$6,258,000	–	25,735	–	0.29%	–
MAPS	New	WM TECHNOLOGY INC	$6,251,000	–	350,000	–	0.29%	–
MCD	New	MCDONALDS CORP	$6,177,000	–	26,743	–	0.28%	–
DHR	New	DANAHER CORPORATION	$5,772,000	–	21,510	–	0.27%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,730,000	–	20,616	–	0.26%	–
CMCSA	New	COMCAST CORP NEWcl a	$5,648,000	–	99,054	–	0.26%	–
PFE	New	PFIZER INC	$5,520,000	–	140,960	–	0.26%	–
AZUL	New	AZUL S Asponsr adr pfd	$5,535,000	–	209,677	–	0.26%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$5,474,000	–	7,587	–	0.25%	–
ABT	New	ABBOTT LABS	$5,458,000	–	47,080	–	0.25%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$5,408,000	–	23,513	–	0.25%	–
MRK	New	MERCK & CO INC	$5,312,000	–	68,299	–	0.24%	–
TSLA	New	TESLA INC	$5,017,000	–	7,381	–	0.23%	–
YUM	New	YUM BRANDS INC	$4,708,000	–	40,928	–	0.22%	–
COST	New	COSTCO WHSL CORP NEW	$4,710,000	–	11,905	–	0.22%	–
DOW	New	DOW INC	$4,634,000	–	73,237	–	0.21%	–
INFO	New	IHS MARKIT LTD	$4,616,000	–	40,976	–	0.21%	–
GE	New	GENERAL ELECTRIC CO	$4,523,000	–	336,014	–	0.21%	–
ESS	New	ESSEX PPTY TR INC	$4,474,000	–	14,912	–	0.21%	–
INTC	New	INTEL CORP	$4,414,000	–	78,630	–	0.20%	–
JNJ	New	JOHNSON & JOHNSON	$4,374,000	–	26,553	–	0.20%	–
KO	New	COCA COLA CO	$4,254,000	–	78,621	–	0.20%	–
GM	New	GENERAL MTRS CO	$4,122,000	–	69,663	–	0.19%	–
ZTS	New	ZOETIS INCcl a	$4,104,000	–	22,023	–	0.19%	–
GILD	New	GILEAD SCIENCES INC	$3,881,000	–	56,355	–	0.18%	–
NEE	New	NEXTERA ENERGY INC	$3,730,000	–	50,905	–	0.17%	–
F	New	FORD MTR CO DEL	$3,586,000	–	241,313	–	0.16%	–
ETR	New	ENTERGY CORP NEW	$3,523,000	–	35,336	–	0.16%	–
	New	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$1,215,000	–	1,568,000	–	0.06%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,206,000	–	2,818	–	0.06%	–
CNI	New	CANADIAN NATL RY CO	$975,000	–	9,241	–	0.04%	–
BX	New	BLACKSTONE GROUP INC	$855,000	–	8,800	–	0.04%	–
SCZ	New	ISHARES TReafe sml cp etf	$854,000	–	11,511	–	0.04%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$819,000	–	7,182	–	0.04%	–
LQD	New	ISHARES TRiboxx inv cp etf	$805,000	–	5,992	–	0.04%	–
GLD	New	SPDR GOLD TR	$772,000	–	4,663	–	0.04%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$524,000	–	28,020	–	0.02%	–
BAMR	New	BROOKFIELD ASSET MGMT REINScl a exch lt vtg	$478,000	–	9,043	–	0.02%	–
DBC	New	INVESCO DB COMMDY INDX TRCKunit	$455,000	–	23,632	–	0.02%	–
FNV	New	FRANCO NEV CORP	$346,000	–	2,383	–	0.02%	–
LGFA	New	LIONS GATE ENTMNT CORPcl a vtg	$356,000	–	17,176	–	0.02%	–
AEM	New	AGNICO EAGLE MINES LTD	$318,000	–	5,267	–	0.02%	–
BBU	New	BROOKFIELD BUSINESS PARTNERSunit ltd l p	$283,000	–	6,125	–	0.01%	–
HRB	New	BLOCK H & R INC	$250,000	–	10,640	–	0.01%	–
BEPC	New	BROOKFIELD RENEWABLE CORPcl a sub vtg	$260,000	–	6,186	–	0.01%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$250,000	–	13,676	–	0.01%	–
IWM	New	ISHARES TRrussell 2000 etf	$268,000	–	1,168	–	0.01%	–
RACE	New	FERRARI N V	$211,000	–	1,025	–	0.01%	–
GIB	New	CGI INCcl a sub vtg	$206,000	–	2,267	–	0.01%	–
PCOM	New	POINTS INTL LTD	$199,000	–	11,454	–	0.01%	–
CLS	New	CELESTICA INC	$178,000	–	22,700	–	0.01%	–
VET	New	VERMILION ENERGY INC	$126,000	–	14,402	–	0.01%	–
HBM	New	HUDBAY MINERALS INC	$67,000	–	10,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
LCTX	Exit	LINEAGE CELL THERAPEUTICS IN	$0	–	-10,000	–	-0.00%	–
CWBR	Exit	COHBAR INC	$0	–	-35,000	–	-0.00%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-10,000	–	-0.00%	–
MGNI	Exit	MAGNITE INC	$0	–	-10,000	–	-0.01%	–
AUG	Exit	AURYN RES INC	$0	–	-40,000	–	-0.01%	–
PCOM	Exit	POINTS INTL LTD	$0	–	-11,454	–	-0.01%	–
GSV	Exit	GOLD STD VENTURES CORP	$0	–	-150,000	–	-0.01%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-17,620	–	-0.01%	–
CLS	Exit	CELESTICA INC	$0	–	-22,700	–	-0.01%	–
LGFA	Exit	LIONS GATE ENTMNT CORPcl a vtg	$0	–	-17,176	–	-0.01%	–
HRB	Exit	BLOCK H & R INC	$0	–	-10,240	–	-0.01%	–
FTS	Exit	FORTIS INC	$0	–	-4,947	–	-0.01%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-14,515	–	-0.01%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-1,580	–	-0.01%	–
GOOS	Exit	CANADA GOOSE HLDGS INC	$0	–	-6,560	–	-0.01%	–
ROIC	Exit	RETAIL OPPORTUNITY INVTS COR	$0	–	-21,000	–	-0.01%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,869	–	-0.02%	–
TSLA	Exit	TESLA INC	$0	–	-600	–	-0.02%	–
ERIC	Exit	ERICSSONadr b sek 10	$0	–	-25,000	–	-0.02%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-2,450	–	-0.02%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-5,035	–	-0.03%	–
KFS	Exit	KINGSWAY FINL SVCS INC	$0	–	-144,429	–	-0.03%	–
GLD	Exit	SPDR GOLD TR	$0	–	-2,450	–	-0.03%	–
EQX	Exit	EQUINOX GOLD CORP	$0	–	-40,000	–	-0.03%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-28,020	–	-0.03%	–
MSGE	Exit	MADISON SQUARE GRDN ENTERTNMcl a	$0	–	-8,736	–	-0.04%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-5,000	–	-0.04%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-8,479	–	-0.05%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-9,868	–	-0.07%	–
BEPC	Exit	BROOKFIELD RENEWABLE CORPcl a sub vtg	$0	–	-37,403	–	-0.14%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-94,006	–	-0.17%	–
YUM	Exit	YUM BRANDS INC	$0	–	-30,062	–	-0.18%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-46,566	–	-0.19%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-16,785	–	-0.22%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-53,377	–	-0.23%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-17,977	–	-0.23%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-21,992	–	-0.24%	–
NICE	Exit	NICE LTDsponsored adr	$0	–	-16,045	–	-0.24%	–
DOW	Exit	DOW INC	$0	–	-78,517	–	-0.24%	–
NOW	Exit	SERVICENOW INC	$0	–	-8,016	–	-0.26%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-18,782	–	-0.26%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-42,192	–	-0.27%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-69,243	–	-0.28%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-16,027	–	-0.29%	–
CARG	Exit	CARGURUS INC	$0	–	-206,549	–	-0.29%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-98,995	–	-0.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-46,466	–	-0.33%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-239,294	–	-0.33%	–
BIPC	Exit	BROOKFIELD INFRASTRUCTURE CO	$0	–	-93,548	–	-0.34%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-22,260	–	-0.34%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-48,700	–	-0.35%	–
RYAAY	Exit	RYANAIR HOLDINGS PLCsponsored ads	$0	–	-65,790	–	-0.35%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-99,560	–	-0.37%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-16,230	–	-0.38%	–
MCD	Exit	MCDONALDS CORP	$0	–	-26,316	–	-0.38%	–
INTU	Exit	INTUIT	$0	–	-17,786	–	-0.38%	–
PPG	Exit	PPG INDS INC	$0	–	-48,326	–	-0.39%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-161,708	–	-0.39%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-71,630	–	-0.40%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-38,806	–	-0.41%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-84,032	–	-0.43%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-414,989	–	-0.44%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-21,342	–	-0.44%	–
ASML	Exit	ASML HOLDING N V	$0	–	-18,215	–	-0.44%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-31,539	–	-0.44%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-78,323	–	-0.45%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-66,595	–	-0.45%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-46,600	–	-0.46%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-101,728	–	-0.48%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-19,429	–	-0.49%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-149,615	–	-0.51%	–
PFE	Exit	PFIZER INC	$0	–	-218,763	–	-0.53%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-18,284	–	-0.53%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-57,700	–	-0.54%	–
MRK	Exit	MERCK & CO. INC	$0	–	-100,186	–	-0.54%	–
CME	Exit	CME GROUP INC	$0	–	-50,174	–	-0.55%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-18,976	–	-0.57%	–
V	Exit	VISA INC	$0	–	-44,586	–	-0.58%	–
ANTM	Exit	ANTHEM INC	$0	–	-34,017	–	-0.60%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-190,882	–	-0.60%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-383,676	–	-0.61%	–
TJX	Exit	TJX COS INC NEW	$0	–	-172,076	–	-0.63%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-13,741	–	-0.63%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-46,475	–	-0.64%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-70,149	–	-0.64%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-167,801	–	-0.64%	–
BPY	Exit	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$0	–	-817,657	–	-0.64%	–
KO	Exit	COCA COLA CO	$0	–	-198,818	–	-0.64%	–
TU	Exit	TELUS CORPORATION	$0	–	-626,948	–	-0.72%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-33,236	–	-0.74%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-57,392	–	-0.74%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-198,323	–	-0.75%	–
HD	Exit	HOME DEPOT INC	$0	–	-43,015	–	-0.78%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-126,184	–	-0.80%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-8,340	–	-0.80%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,014,678	–	-0.81%	–
UNP	Exit	UNION PAC CORP	$0	–	-66,860	–	-0.86%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-174,667	–	-0.87%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-44,808	–	-0.92%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-47	–	-0.99%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-42,554	–	-1.01%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-206,637	–	-1.01%	–
VST	Exit	VISTRA CORP	$0	–	-836,208	–	-1.03%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-34,740	–	-1.12%	–
ARMK	Exit	ARAMARK	$0	–	-645,036	–	-1.12%	–
INMD	Exit	INMODE LTD	$0	–	-473,130	–	-1.12%	–
WSC	Exit	WILLSCOT MOBIL MINI HLDNG CO	$0	–	-1,046,563	–	-1.14%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-263,075	–	-1.14%	–
APO	Exit	APOLLO GLOBAL MGMT INC	$0	–	-409,666	–	-1.20%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-485,346	–	-1.34%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-14,001	–	-1.34%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-237,305	–	-1.35%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-147,717	–	-1.43%	–
NTR	Exit	NUTRIEN LTD	$0	–	-557,981	–	-1.43%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-1,758,265	–	-1.67%	–
	Exit	BRP INC	$0	–	-483,287	–	-1.67%	–
TRP	Exit	TC ENERGY CORP	$0	–	-623,485	–	-1.71%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-42,057	–	-1.72%	–
AMZN	Exit	AMAZON COM INC	$0	–	-8,737	–	-1.80%	–
BCE	Exit	BCE INC	$0	–	-713,017	–	-1.93%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-292,857	–	-1.99%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-642,932	–	-2.00%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,280,576	–	-2.07%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-785,258	–	-2.09%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-112,806	–	-2.24%	–
AAPL	Exit	APPLE INC	$0	–	-310,789	–	-2.36%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-287,439	–	-2.48%	–
AON	Exit	AON PLC	$0	–	-194,598	–	-2.63%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-154,090	–	-2.65%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-197,723	–	-2.73%	–
BNS	Exit	BANK NOVA SCOTIA B C	$0	–	-1,041,387	–	-2.83%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,341,114	–	-2.90%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,556,837	–	-2.97%	–
RY	Exit	ROYAL BK CDA	$0	–	-665,114	–	-3.05%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,009,645	–	-3.06%	–

Q3 2020

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$46,590,000	-17.3%	1,009,645	-20.2%	3.06%	-18.6%
RY	Sell	ROYAL BK CDA	$46,543,000	-18.7%	665,114	-21.4%	3.05%	-20.0%
ENB	Sell	ENBRIDGE INC	$45,330,000	-16.8%	1,556,837	-13.4%	2.97%	-18.1%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$44,229,000	-21.8%	1,341,114	-22.2%	2.90%	-23.0%
BNS	Sell	BANK NOVA SCOTIA B C	$43,121,000	-11.7%	1,041,387	-12.1%	2.83%	-13.1%
MSFT	Buy	MICROSOFT CORP	$41,587,000	+4.6%	197,723	+1.2%	2.73%	+2.9%
FB	Buy	FACEBOOK INCcl a	$40,356,000	+39.9%	154,090	+21.3%	2.65%	+37.7%
AON	Buy	AON PLC	$40,146,000	+19.1%	194,598	+11.2%	2.63%	+17.2%
FSV	Sell	FIRSTSERVICE CORP NEW	$37,806,000	+1.8%	287,439	-22.3%	2.48%	+0.2%
AAPL	Buy	APPLE INC	$35,992,000	+6.8%	310,789	+236.3%	2.36%	+5.1%
CP	Sell	CANADIAN PAC RY LTD	$34,201,000	-8.1%	112,806	-23.1%	2.24%	-9.6%
SLF	Sell	SUN LIFE FINANCIAL INC.	$31,892,000	-14.1%	785,258	-22.5%	2.09%	-15.4%
MFC	Sell	MANULIFE FINL CORP	$31,614,000	-11.0%	2,280,576	-12.9%	2.07%	-12.4%
BIP	Sell	BROOKFIELD INFRAST PARTNERSlp int unit	$30,554,000	+2.6%	642,932	-11.4%	2.00%	+1.0%
WCN	Sell	WASTE CONNECTIONS INC	$30,338,000	-13.6%	292,857	-22.1%	1.99%	-15.0%
BCE	Buy	BCE INC	$29,471,000	+0.1%	713,017	+0.7%	1.93%	-1.5%
AMZN	Sell	AMAZON COM INC	$27,510,000	+11.5%	8,737	-2.3%	1.80%	+9.8%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$26,258,000	+21.4%	42,057	-0.8%	1.72%	+19.5%
TRP	Sell	TC ENERGY CORP	$26,087,000	-13.7%	623,485	-12.2%	1.71%	-15.1%
	Sell	BRP INC	$25,449,000	-3.1%	483,287	-21.8%	1.67%	-4.6%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$25,453,000	+10.7%	1,758,265	-1.5%	1.67%	+8.9%
NTR	Buy	NUTRIEN LTD	$21,806,000	+63.5%	557,981	+34.0%	1.43%	+60.9%
FIS	Buy	FIDELITY NATL INFORMATION SV	$21,745,000	+11.3%	147,717	+1.4%	1.43%	+9.5%
BKI	Buy	BLACK KNIGHT INC	$20,657,000	+38.8%	237,305	+15.7%	1.35%	+36.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$20,520,000	+2.2%	14,001	-1.2%	1.34%	+0.5%
OTEX	Buy	OPEN TEXT CORP	$20,446,000	+18.1%	485,346	+18.7%	1.34%	+16.3%
APO	Buy	APOLLO GLOBAL MGMT INC	$18,333,000	+7.6%	409,666	+20.1%	1.20%	+5.9%
CIGI	Sell	COLLIERS INTL GROUP INC	$17,460,000	-9.7%	263,075	-22.2%	1.14%	-11.2%
WSC	New	WILLSCOT MOBIL MINI HLDNG CO	$17,457,000	–	1,046,563	–	1.14%	–
INMD	Sell	INMODE LTD	$17,118,000	-7.4%	473,130	-27.5%	1.12%	-8.9%
ARMK	Buy	ARAMARK	$17,061,000	+21.9%	645,036	+4.0%	1.12%	+19.9%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$17,038,000	+1.2%	34,740	-10.2%	1.12%	-0.4%
VST	Buy	VISTRA CORP	$15,771,000	+59.5%	836,208	+57.5%	1.03%	+56.9%
CM	Buy	CANADIAN IMP BK COMM	$15,394,000	+50.2%	206,637	+34.3%	1.01%	+47.7%
SPGI	Sell	S&P GLOBAL INC	$15,345,000	+7.2%	42,554	-2.0%	1.01%	+5.5%
BRKA	Sell	BERKSHIRE HATHAWAY INC DELcl a	$15,040,000	+12.5%	47	-6.0%	0.99%	+10.7%
UNH	Sell	UNITEDHEALTH GROUP INC	$13,970,000	+4.1%	44,808	-1.5%	0.92%	+2.5%
GDDY	Buy	GODADDY INCcl a	$13,269,000	+13.5%	174,667	+9.6%	0.87%	+11.7%
UNP	Sell	UNION PAC CORP	$13,163,000	+14.4%	66,860	-1.7%	0.86%	+12.5%
SU	Sell	SUNCOR ENERGY INC NEW	$12,349,000	-40.4%	1,014,678	-17.7%	0.81%	-41.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$12,256,000	-13.5%	8,340	-16.8%	0.80%	-14.8%
JPM	Buy	JPMORGAN CHASE & CO	$12,148,000	+8.6%	126,184	+6.2%	0.80%	+6.8%
HD	Sell	HOME DEPOT INC	$11,946,000	+9.6%	43,015	-1.1%	0.78%	+7.9%
MDLZ	Sell	MONDELEZ INTL INCcl a	$11,394,000	+11.1%	198,323	-1.1%	0.75%	+9.4%
PYPL	Sell	PAYPAL HLDGS INC	$11,308,000	+6.8%	57,392	-5.5%	0.74%	+5.1%
MA	Sell	MASTERCARD INCORPORATEDcl a	$11,239,000	+11.9%	33,236	-2.2%	0.74%	+10.2%
TU	Buy	TELUS CORPORATION	$10,995,000	+41.8%	626,948	+35.2%	0.72%	+39.5%
KO	Sell	COCA COLA CO	$9,816,000	-5.7%	198,818	-14.6%	0.64%	-7.1%
BPY	Buy	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$9,811,000	+59.3%	817,657	+31.2%	0.64%	+56.8%
BMO	Buy	BANK MONTREAL QUE	$9,777,000	+1936.9%	167,801	+1756.2%	0.64%	+1903.1%
PG	Sell	PROCTER AND GAMBLE CO	$9,750,000	+14.2%	70,149	-1.8%	0.64%	+12.3%
WLTW	Sell	WILLIS TOWERS WATSON PLC LTD	$9,705,000	-23.5%	46,475	-27.8%	0.64%	-24.7%
SHW	Sell	SHERWIN WILLIAMS CO	$9,574,000	+18.4%	13,741	-1.8%	0.63%	+16.5%
TJX	Sell	TJX COS INC NEW	$9,575,000	+8.1%	172,076	-1.7%	0.63%	+6.4%
BAC	Sell	BK OF AMERICA CORP	$9,243,000	-0.2%	383,676	-1.6%	0.61%	-1.8%
BERY	New	BERRY GLOBAL GROUP INC	$9,223,000	–	190,882	–	0.60%	–
ANTM	Sell	ANTHEM INC	$9,137,000	-26.7%	34,017	-28.2%	0.60%	-27.8%
V	Sell	VISA INC	$8,916,000	+2.4%	44,586	-1.0%	0.58%	+0.9%
ORLY	Sell	OREILLY AUTOMOTIVE INC	$8,749,000	-4.7%	18,976	-12.8%	0.57%	-6.2%
CME	Sell	CME GROUP INC	$8,395,000	+1.1%	50,174	-1.8%	0.55%	-0.5%
MRK	Sell	MERCK & CO. INC	$8,310,000	+6.1%	100,186	-1.1%	0.54%	+4.4%
TXN	Sell	TEXAS INSTRS INC	$8,239,000	+11.2%	57,700	-1.1%	0.54%	+9.3%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$8,073,000	+19.7%	18,284	-1.8%	0.53%	+17.8%
PFE	Sell	PFIZER INC	$8,029,000	+4.5%	218,763	-6.8%	0.53%	+2.7%
BEP	Buy	BROOKFIELD RENEWABLE PARTNERpartnership unit	$7,839,000	+48.2%	149,615	+35.0%	0.51%	+45.6%
LMT	Sell	LOCKHEED MARTIN CORP	$7,447,000	+3.3%	19,429	-1.6%	0.49%	+1.7%
CVX	Sell	CHEVRON CORP NEW	$7,324,000	-20.7%	101,728	-1.7%	0.48%	-22.0%
CAT	Sell	CATERPILLAR INC DEL	$6,950,000	+17.4%	46,600	-0.4%	0.46%	+15.7%
MDT	Sell	MEDTRONIC PLC	$6,921,000	+12.1%	66,595	-1.1%	0.45%	+10.5%
NVS	Buy	NOVARTIS AGsponsored adr	$6,811,000	-0.2%	78,323	+0.2%	0.45%	-1.8%
DHR	Sell	DANAHER CORPORATION	$6,791,000	+19.8%	31,539	-1.6%	0.44%	+17.7%
ASML	Sell	ASML HOLDING N V	$6,726,000	-4.7%	18,215	-5.0%	0.44%	-6.2%
NOC	Sell	NORTHROP GRUMMAN CORP	$6,733,000	+0.2%	21,342	-2.3%	0.44%	-1.6%
CNQ	Sell	CANADIAN NAT RES LTD	$6,629,000	-29.9%	414,989	-24.1%	0.44%	-31.0%
INFO	Sell	IHS MARKIT LTD	$6,597,000	+2.8%	84,032	-1.1%	0.43%	+1.2%
SWK	Sell	STANLEY BLACK & DECKER INC	$6,294,000	+15.1%	38,806	-1.1%	0.41%	+13.5%
HLT	Sell	HILTON WORLDWIDE HLDGS INC	$6,111,000	+14.9%	71,630	-1.1%	0.40%	+13.3%
DRE	Sell	DUKE REALTY CORP	$5,967,000	+2.3%	161,708	-1.8%	0.39%	+0.8%
PPG	Sell	PPG INDS INC	$5,900,000	+13.2%	48,326	-1.7%	0.39%	+11.5%
INTU	Sell	INTUIT	$5,802,000	-40.2%	17,786	-45.7%	0.38%	-41.2%
MCD	Sell	MCDONALDS CORP	$5,776,000	+17.7%	26,316	-1.0%	0.38%	+15.9%
COST	Sell	COSTCO WHSL CORP NEW	$5,762,000	+15.8%	16,230	-1.1%	0.38%	+14.2%
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$5,594,000	-17.5%	99,560	-9.0%	0.37%	-18.8%
RYAAY	Sell	RYANAIR HOLDINGS PLCsponsored ads	$5,379,000	-17.8%	65,790	-33.3%	0.35%	-19.0%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$5,311,000	+1.2%	48,700	-1.7%	0.35%	-0.6%
BDX	Sell	BECTON DICKINSON & CO	$5,179,000	-5.0%	22,260	-2.3%	0.34%	-6.3%
BIPC	Buy	BROOKFIELD INFRASTRUCTURE CO	$5,163,000	+42.8%	93,548	+17.5%	0.34%	+40.7%
ABT	Sell	ABBOTT LABS	$5,057,000	-19.2%	46,466	-32.1%	0.33%	-20.4%
PBA	Buy	PEMBINA PIPELINE CORP	$5,062,000	+13.4%	239,294	+33.6%	0.33%	+11.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,580,000	+17.7%	98,995	-0.8%	0.30%	+15.8%
NEE	Sell	NEXTERA ENERGY INC	$4,448,000	-12.4%	16,027	-24.2%	0.29%	-13.6%
CMS	Sell	CMS ENERGY CORP	$4,252,000	-16.6%	69,243	-20.6%	0.28%	-17.9%
ETR	Sell	ENTERGY CORP NEW	$4,157,000	-8.0%	42,192	-12.4%	0.27%	-9.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$3,999,000	+12.7%	18,782	-5.5%	0.26%	+11.0%
DOW	Sell	DOW INC	$3,694,000	+14.2%	78,517	-1.1%	0.24%	+12.0%
NICE	Sell	NICE LTDsponsored adr	$3,643,000	-48.6%	16,045	-57.1%	0.24%	-49.4%
ZTS	Sell	ZOETIS INCcl a	$3,637,000	+18.7%	21,992	-1.6%	0.24%	+16.7%
ITW	Sell	ILLINOIS TOOL WKS INC	$3,473,000	+9.2%	17,977	-1.1%	0.23%	+7.5%
SPG	Buy	SIMON PPTY GROUP INC NEW	$3,452,000	+113.9%	53,377	+126.2%	0.23%	+109.3%
ESS	Sell	ESSEX PPTY TR INC	$3,370,000	-14.2%	16,785	-2.1%	0.22%	-15.6%
GILD	Sell	GILEAD SCIENCES INC	$2,943,000	-18.7%	46,566	-1.0%	0.19%	-19.9%
YUM	Sell	YUM BRANDS INC	$2,745,000	+1.7%	30,062	-3.2%	0.18%	0.0%
FLS	Buy	FLOWSERVE CORP	$2,565,000	-1.8%	94,006	+2.6%	0.17%	-3.4%
BEPC	New	BROOKFIELD RENEWABLE CORPcl a sub vtg	$2,187,000	–	37,403	–	0.14%	–
CNI	Sell	CANADIAN NATL RY CO	$1,047,000	+13.3%	9,868	-5.8%	0.07%	+11.3%
MSGE	Sell	MADISON SQUARE GRDN ENTERTNMcl a	$598,000	-90.6%	8,736	-89.7%	0.04%	-90.8%
GLD	Buy	SPDR GOLD TR	$434,000	+10.4%	2,450	+4.3%	0.03%	+7.7%
AEM	Buy	AGNICO EAGLE MINES LTD	$400,000	+33.8%	5,035	+7.4%	0.03%	+30.0%
TSLA	Buy	TESLA INC	$257,000	-0.8%	600	+150.0%	0.02%	0.0%
DIS	Sell	DISNEY WALT CO	$232,000	+7.9%	1,869	-3.3%	0.02%	+7.1%
GOOS	New	CANADA GOOSE HLDGS INC	$210,000	–	6,560	–	0.01%	–
TIP	New	ISHARES TRtips bd etf	$200,000	–	1,580	–	0.01%	–
FTS	New	FORTIS INC	$202,000	–	4,947	–	0.01%	–
LGFB	Buy	LIONS GATE ENTMNT CORPcl b non vtg	$154,000	+31.6%	17,620	+2.6%	0.01%	+25.0%
MGNI	New	MAGNITE INC	$69,000	–	10,000	–	0.01%	–
CWBR	New	COHBAR INC	$33,000	–	35,000	–	0.00%	–
RUBI	Exit	RUBICON PROJ INC	$0	–	-10,000	–	-0.00%	–
AVLR	Exit	AVALARA INC	$0	–	-1,500	–	-0.01%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-6,334	–	-0.02%	–
NRG	Exit	NRG ENERGY INC	$0	–	-301,883	–	-0.66%	–

Q2 2020

			Value		Shares		↓ Weighting
RY	New	ROYAL BK CDA	$57,228,000	–	846,033	–	3.81%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$56,536,000	–	1,723,062	–	3.77%	–
TD	New	TORONTO DOMINION BK ONT	$56,327,000	–	1,265,919	–	3.75%	–
ENB	New	ENBRIDGE INC	$54,488,000	–	1,797,408	–	3.63%	–
BNS	New	BANK NOVA SCOTIA B C	$48,860,000	–	1,184,288	–	3.26%	–
MSFT	New	MICROSOFT CORP	$39,756,000	–	195,334	–	2.65%	–
CP	New	CANADIAN PAC RY LTD	$37,205,000	–	146,711	–	2.48%	–
FSV	New	FIRSTSERVICE CORP NEW	$37,131,000	–	369,738	–	2.47%	–
SLF	New	SUN LIFE FINANCIAL INC.	$37,117,000	–	1,013,102	–	2.47%	–
MFC	New	MANULIFE FINL CORP	$35,506,000	–	2,617,706	–	2.37%	–
WCN	New	WASTE CONNECTIONS INC	$35,109,000	–	375,879	–	2.34%	–
AAPL	New	APPLE INC	$33,711,000	–	92,401	–	2.25%	–
AON	New	AON PLC	$33,701,000	–	174,965	–	2.24%	–
TRP	New	TC ENERGY CORP	$30,237,000	–	709,912	–	2.02%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$29,770,000	–	725,572	–	1.98%	–
BCE	New	BCE INC	$29,428,000	–	707,743	–	1.96%	–
FB	New	FACEBOOK INCcl a	$28,852,000	–	127,049	–	1.92%	–
	New	BRP INC	$26,272,000	–	617,886	–	1.75%	–
AMZN	New	AMAZON COM INC	$24,666,000	–	8,940	–	1.64%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$23,003,000	–	1,784,820	–	1.53%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$21,636,000	–	42,417	–	1.44%	–
SU	New	SUNCOR ENERGY INC NEW	$20,723,000	–	1,232,788	–	1.38%	–
GOOGL	New	ALPHABET INCcap stk cl a	$20,087,000	–	14,164	–	1.34%	–
FIS	New	FIDELITY NATL INFORMATION SV	$19,535,000	–	145,669	–	1.30%	–
CIGI	New	COLLIERS INTL GROUP INC	$19,340,000	–	338,079	–	1.29%	–
INMD	New	INMODE LTD	$18,492,000	–	652,905	–	1.23%	–
OTEX	New	OPEN TEXT CORP	$17,313,000	–	408,948	–	1.15%	–
APO	New	APOLLO GLOBAL MGMT INC	$17,031,000	–	341,128	–	1.14%	–
ADBE	New	ADOBE INC	$16,839,000	–	38,680	–	1.12%	–
BKI	New	BLACK KNIGHT INC	$14,884,000	–	205,112	–	0.99%	–
SPGI	New	S&P GLOBAL INC	$14,313,000	–	43,436	–	0.95%	–
GOOG	New	ALPHABET INCcap stk cl c	$14,167,000	–	10,021	–	0.94%	–
ARMK	New	ARAMARK	$13,998,000	–	620,146	–	0.93%	–
UNH	New	UNITEDHEALTH GROUP INC	$13,423,000	–	45,507	–	0.89%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$13,366,000	–	50	–	0.89%	–
NTR	New	NUTRIEN LTD	$13,338,000	–	416,372	–	0.89%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$12,683,000	–	64,392	–	0.84%	–
ANTM	New	ANTHEM INC	$12,458,000	–	47,368	–	0.83%	–
GDDY	New	GODADDY INCcl a	$11,692,000	–	159,427	–	0.78%	–
UNP	New	UNION PAC CORP	$11,506,000	–	68,047	–	0.77%	–
JPM	New	JPMORGAN CHASE & CO	$11,182,000	–	118,871	–	0.74%	–
HD	New	HOME DEPOT INC	$10,898,000	–	43,500	–	0.73%	–
PYPL	New	PAYPAL HLDGS INC	$10,585,000	–	60,746	–	0.70%	–
KO	New	COCA COLA CO	$10,405,000	–	232,858	–	0.69%	–
CM	New	CANADIAN IMP BK COMM	$10,249,000	–	153,806	–	0.68%	–
MDLZ	New	MONDELEZ INTL INCcl a	$10,255,000	–	200,544	–	0.68%	–
MA	New	MASTERCARD INCORPORATEDcl a	$10,046,000	–	33,970	–	0.67%	–
VST	New	VISTRA ENERGY CORP	$9,885,000	–	530,836	–	0.66%	–
NRG	New	NRG ENERGY INC	$9,830,000	–	301,883	–	0.66%	–
INTU	New	INTUIT	$9,700,000	–	32,745	–	0.65%	–
CNQ	New	CANADIAN NAT RES LTD	$9,455,000	–	546,693	–	0.63%	–
BAC	New	BK OF AMERICA CORP	$9,259,000	–	389,822	–	0.62%	–
CVX	New	CHEVRON CORP NEW	$9,236,000	–	103,502	–	0.62%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$9,180,000	–	21,768	–	0.61%	–
TJX	New	TJX COS INC NEW	$8,855,000	–	175,126	–	0.59%	–
V	New	VISA INC	$8,703,000	–	45,050	–	0.58%	–
PG	New	PROCTER AND GAMBLE CO	$8,538,000	–	71,399	–	0.57%	–
CME	New	CME GROUP INC	$8,307,000	–	51,104	–	0.55%	–
SHW	New	SHERWIN WILLIAMS CO	$8,087,000	–	13,994	–	0.54%	–
MRK	New	MERCK & CO. INC	$7,835,000	–	101,310	–	0.52%	–
TU	New	TELUS CORPORATION	$7,754,000	–	463,718	–	0.52%	–
PFE	New	PFIZER INC	$7,680,000	–	234,842	–	0.51%	–
TXN	New	TEXAS INSTRS INC	$7,408,000	–	58,340	–	0.49%	–
LMT	New	LOCKHEED MARTIN CORP	$7,206,000	–	19,745	–	0.48%	–
NICE	New	NICE LTDsponsored adr	$7,084,000	–	37,429	–	0.47%	–
ASML	New	ASML HOLDING N V	$7,058,000	–	19,175	–	0.47%	–
NVS	New	NOVARTIS AGsponsored adr	$6,827,000	–	78,153	–	0.46%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$6,781,000	–	109,350	–	0.45%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,746,000	–	18,616	–	0.45%	–
NOC	New	NORTHROP GRUMMAN CORP	$6,717,000	–	21,846	–	0.45%	–
RYAAY	New	RYANAIR HOLDINGS PLCsponsored ads	$6,542,000	–	98,600	–	0.44%	–
INFO	New	IHS MARKIT LTD	$6,417,000	–	84,986	–	0.43%	–
MSGE	New	MADISON SQUARE GRDN ENTERTNMcl a	$6,359,000	–	84,777	–	0.42%	–
ABT	New	ABBOTT LABS	$6,259,000	–	68,448	–	0.42%	–
MDT	New	MEDTRONIC PLC	$6,174,000	–	67,321	–	0.41%	–
BPY	New	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$6,157,000	–	623,397	–	0.41%	–
CAT	New	CATERPILLAR INC DEL	$5,918,000	–	46,781	–	0.39%	–
DRE	New	DUKE REALTY CORP	$5,831,000	–	164,745	–	0.39%	–
DHR	New	DANAHER CORPORATION	$5,669,000	–	32,057	–	0.38%	–
SWK	New	STANLEY BLACK & DECKER INC	$5,468,000	–	39,224	–	0.36%	–
BDX	New	BECTON DICKINSON & CO	$5,452,000	–	22,783	–	0.36%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$5,320,000	–	72,421	–	0.35%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$5,291,000	–	110,845	–	0.35%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$5,250,000	–	49,527	–	0.35%	–
CARG	New	CARGURUS INC	$5,237,000	–	206,549	–	0.35%	–
PPG	New	PPG INDS INC	$5,213,000	–	49,149	–	0.35%	–
CMS	New	CMS ENERGY CORP	$5,096,000	–	87,223	–	0.34%	–
NEE	New	NEXTERA ENERGY INC	$5,078,000	–	21,140	–	0.34%	–
COST	New	COSTCO WHSL CORP NEW	$4,975,000	–	16,407	–	0.33%	–
MCD	New	MCDONALDS CORP	$4,906,000	–	26,592	–	0.33%	–
ETR	New	ENTERGY CORP NEW	$4,518,000	–	48,153	–	0.30%	–
PBA	New	PEMBINA PIPELINE CORP	$4,464,000	–	179,094	–	0.30%	–
ESS	New	ESSEX PPTY TR INC	$3,930,000	–	17,149	–	0.26%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,891,000	–	99,802	–	0.26%	–
BIPC	New	BROOKFIELD INFRASTRUCTURE CO	$3,616,000	–	79,598	–	0.24%	–
GILD	New	GILEAD SCIENCES INC	$3,621,000	–	47,059	–	0.24%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$3,549,000	–	19,878	–	0.24%	–
DOW	New	DOW INC	$3,235,000	–	79,356	–	0.22%	–
NOW	New	SERVICENOW INC	$3,247,000	–	8,016	–	0.22%	–
ITW	New	ILLINOIS TOOL WKS INC	$3,180,000	–	18,184	–	0.21%	–
ZTS	New	ZOETIS INCcl a	$3,063,000	–	22,352	–	0.20%	–
YUM	New	YUM BRANDS INC	$2,700,000	–	31,062	–	0.18%	–
FLS	New	FLOWSERVE CORP	$2,613,000	–	91,599	–	0.17%	–
SPG	New	SIMON PPTY GROUP INC NEW	$1,614,000	–	23,597	–	0.11%	–
CNI	New	CANADIAN NATL RY CO	$924,000	–	10,478	–	0.06%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$665,000	–	8,479	–	0.04%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$604,000	–	5,000	–	0.04%	–
BMO	New	BANK MONTREAL QUE	$480,000	–	9,040	–	0.03%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$472,000	–	28,020	–	0.03%	–
EQX	New	EQUINOX GOLD CORP	$446,000	–	40,000	–	0.03%	–
GLD	New	SPDR GOLD TR	$393,000	–	2,350	–	0.03%	–
QSR	New	RESTAURANT BRANDS INTL INC	$344,000	–	6,334	–	0.02%	–
FNV	New	FRANCO NEV CORP	$342,000	–	2,450	–	0.02%	–
KFS	New	KINGSWAY FINL SVCS INC	$323,000	–	144,429	–	0.02%	–
AEM	New	AGNICO EAGLE MINES LTD	$299,000	–	4,688	–	0.02%	–
TSLA	New	TESLA INC	$259,000	–	240	–	0.02%	–
ERIC	New	ERICSSONadr b sek 10	$233,000	–	25,000	–	0.02%	–
ROIC	New	RETAIL OPPORTUNITY INVTS COR	$238,000	–	21,000	–	0.02%	–
BKR	New	BAKER HUGHES COMPANYcl a	$223,000	–	14,515	–	0.02%	–
DIS	New	DISNEY WALT CO	$215,000	–	1,932	–	0.01%	–
AVLR	New	AVALARA INC	$200,000	–	1,500	–	0.01%	–
CLS	New	CELESTICA INC	$155,000	–	22,700	–	0.01%	–
HRB	New	BLOCK H & R INC	$146,000	–	10,240	–	0.01%	–
LGFA	New	LIONS GATE ENTMNT CORPcl a vtg	$127,000	–	17,176	–	0.01%	–
GSV	New	GOLD STD VENTURES CORP	$122,000	–	150,000	–	0.01%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$117,000	–	17,176	–	0.01%	–
PCOM	New	POINTS INTL LTD	$103,000	–	11,454	–	0.01%	–
AUG	New	AURYN RES INC	$73,000	–	40,000	–	0.01%	–
RUBI	New	RUBICON PROJ INC	$67,000	–	10,000	–	0.00%	–
HBM	New	HUDBAY MINERALS INC	$30,000	–	10,000	–	0.00%	–
LCTX	New	LINEAGE CELL THERAPEUTICS IN	$9,000	–	10,000	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
APDN	Exit	APPLIED DNA SCIENCES INC	$0	–	-20,000	–	0.00%	–
LCTX	Exit	LINEAGE CELL THERAPEUTICS IN	$0	–	-10,000	–	-0.00%	–
PDS	Exit	PRECISION DRILLING CORP	$0	–	-16,435	–	-0.00%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-10,000	–	-0.00%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-10,000	–	-0.01%	–
PCOM	Exit	POINTS INTL LTD	$0	–	-11,454	–	-0.01%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-17,176	–	-0.01%	–
CLS	Exit	CELESTICA INC	$0	–	-22,700	–	-0.01%	–
LGFA	Exit	LIONS GATE ENTMNT CORPcl a vtg	$0	–	-17,176	–	-0.01%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-16,870	–	-0.01%	–
EQX	Exit	EQUINOX GOLD CORP	$0	–	-40,000	–	-0.01%	–
HRB	Exit	BLOCK H & R INC	$0	–	-10,240	–	-0.02%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,789	–	-0.02%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-2,830	–	-0.02%	–
CDAY	Exit	CERIDIAN HCM HLDG INC	$0	–	-5,529	–	-0.02%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-6,006	–	-0.02%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-14,515	–	-0.02%	–
ROIC	Exit	RETAIL OPPORTUNITY INVTS COR	$0	–	-21,000	–	-0.02%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-28,020	–	-0.02%	–
KFS	Exit	KINGSWAY FINL SVCS INC	$0	–	-200,000	–	-0.03%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-10,843	–	-0.05%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-12,442	–	-0.07%	–
RGA	Exit	REINSURANCE GRP OF AMERICA I	$0	–	-8,479	–	-0.08%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-71,950	–	-0.18%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-19,458	–	-0.18%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-15,160	–	-0.18%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-27,154	–	-0.18%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-23,868	–	-0.19%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-23,677	–	-0.19%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-14,542	–	-0.19%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-81,080	–	-0.21%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-271,310	–	-0.23%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-100,471	–	-0.23%	–
BPY	Exit	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$0	–	-194,160	–	-0.25%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-43,210	–	-0.28%	–
TU	Exit	TELUS CORP	$0	–	-128,701	–	-0.29%	–
BA	Exit	BOEING CO	$0	–	-12,382	–	-0.30%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-23,055	–	-0.30%	–
ASML	Exit	ASML HOLDING N V	$0	–	-20,775	–	-0.32%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-91,963	–	-0.37%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-93,239	–	-0.37%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-18,150	–	-0.37%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,501	–	-0.37%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-132,322	–	-0.37%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-50,938	–	-0.37%	–
MCD	Exit	MCDONALDS CORP	$0	–	-27,897	–	-0.38%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-41,584	–	-0.38%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-176,979	–	-0.38%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-25,841	–	-0.38%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-10,963	–	-0.38%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-90,481	–	-0.38%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-21,046	–	-0.38%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-38,716	–	-0.38%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-55,930	–	-0.38%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-42,102	–	-0.38%	–
PPG	Exit	PPG INDS INC	$0	–	-51,639	–	-0.38%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-21,155	–	-0.38%	–
ANTM	Exit	ANTHEM INC	$0	–	-26,466	–	-0.40%	–
ABT	Exit	ABBOTT LABS	$0	–	-90,264	–	-0.47%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-97,392	–	-0.50%	–
CME	Exit	CME GROUP INC	$0	–	-42,063	–	-0.56%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-67,219	–	-0.56%	–
INTU	Exit	INTUIT	$0	–	-33,625	–	-0.56%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-22,960	–	-0.56%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-23,906	–	-0.56%	–
TJX	Exit	TJX COS INC NEW	$0	–	-161,654	–	-0.56%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-96,739	–	-0.56%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-93,250	–	-0.56%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-41,469	–	-0.56%	–
PFE	Exit	PFIZER INC	$0	–	-251,647	–	-0.56%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-22,721	–	-0.57%	–
MRK	Exit	MERCK & CO INC	$0	–	-107,950	–	-0.57%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-102,200	–	-0.58%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-132,990	–	-0.59%	–
RYAAY	Exit	RYANAIR HLDGS PLCsponsored ads	$0	–	-143,600	–	-0.60%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-113,999	–	-0.62%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-173,715	–	-0.66%	–
HD	Exit	HOME DEPOT INC	$0	–	-46,038	–	-0.67%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-8,965	–	-0.68%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-173,080	–	-0.71%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-46,984	–	-0.72%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-65,828	–	-0.73%	–
ADBE	Exit	ADOBE INC	$0	–	-43,117	–	-0.74%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-216,964	–	-0.75%	–
BAC	Exit	BANK AMER CORP	$0	–	-411,623	–	-0.75%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-98,267	–	-0.76%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-108,967	–	-0.81%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-82,281	–	-0.83%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-117,096	–	-0.95%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-131,119	–	-0.96%	–
	Exit	BRP INC	$0	–	-406,713	–	-0.99%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-58,334	–	-0.99%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-51	–	-0.99%	–
V	Exit	VISA INC	$0	–	-92,685	–	-1.00%	–
AMZN	Exit	AMAZON COM INC	$0	–	-9,329	–	-1.01%	–
T	Exit	AT&T INC	$0	–	-438,713	–	-1.04%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-640,672	–	-1.07%	–
NICE	Exit	NICE LTDsponsored adr	$0	–	-121,215	–	-1.09%	–
NTR	Exit	NUTRIEN LTD	$0	–	-353,991	–	-1.10%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-46,705	–	-1.20%	–
KO	Exit	COCA COLA CO	$0	–	-364,438	–	-1.24%	–
FWONK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-519,602	–	-1.35%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-19,511	–	-1.49%	–
AAPL	Exit	APPLE INC	$0	–	-111,263	–	-1.56%	–
AON	Exit	AON PLC	$0	–	-129,330	–	-1.56%	–
MSGS	Exit	MADISON SQUARE GARDEN CO NEWcl a	$0	–	-97,460	–	-1.61%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-669,521	–	-1.71%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-371,785	–	-1.75%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-393,497	–	-1.75%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-948,385	–	-1.87%	–
TRP	Exit	TC ENERGY CORP	$0	–	-583,563	–	-1.89%	–
BCE	Exit	BCE INC	$0	–	-637,580	–	-1.93%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-737,113	–	-2.28%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-270,735	–	-2.35%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-417,801	–	-2.40%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,276,143	–	-2.61%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-220,564	–	-3.07%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,443,289	–	-3.17%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-1,156,408	–	-3.24%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,229,941	–	-4.37%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,368,548	–	-4.55%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,301,543	–	-4.75%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-953,041	–	-4.84%	–

Q3 2019

			Value		Shares		↓ Weighting
RY	Buy	ROYAL BK CDA MONTREAL QUE	$77,368,000	+15.0%	953,041	+12.8%	4.84%	+20.1%
TD	Buy	TORONTO DOMINION BK ONT	$75,948,000	+12.6%	1,301,543	+13.0%	4.75%	+17.6%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$72,725,000	+2.0%	1,368,548	-7.9%	4.55%	+6.6%
BNS	Buy	BANK N S HALIFAX	$69,912,000	+27.9%	1,229,941	+21.2%	4.37%	+33.6%
SLF	Sell	SUN LIFE FINL INC	$51,747,000	+2.2%	1,156,408	-5.2%	3.24%	+6.8%
ENB	Buy	ENBRIDGE INC	$50,695,000	+18.1%	1,443,289	+21.7%	3.17%	+23.3%
CP	Buy	CANADIAN PAC RY LTD	$49,053,000	+15.5%	220,564	+22.5%	3.07%	+20.6%
MFC	Sell	MANULIFE FINL CORP	$41,780,000	-16.6%	2,276,143	-17.2%	2.61%	-12.9%
WCN	Sell	WASTE CONNECTIONS INC	$38,411,000	-8.2%	417,801	-4.4%	2.40%	-4.1%
MSFT	Sell	MICROSOFT CORP	$37,640,000	-16.9%	270,735	-20.0%	2.35%	-13.2%
BIP	Buy	BROOKFIELD INFRAST PARTNERSlp int unit	$36,526,000	+15.6%	737,113	+0.2%	2.28%	+20.8%
BCE	Buy	BCE INC	$30,861,000	+11.5%	637,580	+5.0%	1.93%	+16.5%
TRP	Sell	TC ENERGY CORP	$30,239,000	+3.7%	583,563	-0.6%	1.89%	+8.4%
SU	Sell	SUNCOR ENERGY INC NEW	$29,938,000	-2.9%	948,385	-3.9%	1.87%	+1.4%
QSR	Sell	RESTAURANT BRANDS INTL INC	$28,000,000	-29.2%	393,497	-30.7%	1.75%	-26.1%
CIGI	Sell	COLLIERS INTL GROUP INC	$27,943,000	-5.2%	371,785	-9.6%	1.75%	-1.0%
OTEX	Buy	OPEN TEXT CORP	$27,330,000	+40.7%	669,521	+42.5%	1.71%	+46.9%
MSGS	Sell	MADISON SQUARE GARDEN CO NEWcl a	$25,683,000	-59.3%	97,460	-56.8%	1.61%	-57.5%
AON	Sell	AON PLC	$25,034,000	-56.3%	129,330	-56.5%	1.56%	-54.4%
AAPL	Buy	APPLE INC	$24,920,000	+4204.0%	111,263	+3703.9%	1.56%	+4351.4%
GOOGL	Sell	ALPHABET INCcap stk cl a	$23,826,000	-22.5%	19,511	-31.3%	1.49%	-19.1%
FWONK	Sell	LIBERTY MEDIA CORP DELAWARE	$21,610,000	+4.9%	519,602	-5.7%	1.35%	+9.5%
KO	Sell	COCA COLA CO	$19,840,000	-30.5%	364,438	-35.0%	1.24%	-27.3%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$19,248,000	-22.5%	46,705	-25.7%	1.20%	-19.0%
NTR	Buy	NUTRIEN LTD	$17,648,000	-2.0%	353,991	+5.3%	1.10%	+2.3%
NICE	Sell	NICE LTDsponsored adr	$17,431,000	+4.7%	121,215	-0.3%	1.09%	+9.3%
CNQ	Sell	CANADIAN NAT RES LTD	$17,059,000	-28.4%	640,672	-27.3%	1.07%	-25.2%
T	Sell	AT&T INC	$16,601,000	-69.5%	438,713	-73.0%	1.04%	-68.1%
AMZN	New	AMAZON COM INC	$16,194,000	–	9,329	–	1.01%	–
V	Sell	VISA INC	$15,943,000	-21.8%	92,685	-21.1%	1.00%	-18.3%
BRKA	Sell	BERKSHIRE HATHAWAY INC DELcl a	$15,903,000	-58.0%	51	-57.1%	0.99%	-56.2%
MA	Sell	MASTERCARD INCcl a	$15,842,000	-20.9%	58,334	-22.9%	0.99%	-17.3%
	Buy	BRP INC	$15,837,000	+33.9%	406,713	+23.1%	0.99%	+39.8%
JPM	Sell	JPMORGAN CHASE & CO	$15,431,000	-23.4%	131,119	-27.2%	0.96%	-20.0%
TXN	New	TEXAS INSTRS INC	$15,133,000	–	117,096	–	0.95%	–
UNP	New	UNION PACIFIC CORP	$13,328,000	–	82,281	–	0.83%	–
CVX	Buy	CHEVRON CORP NEW	$12,923,000	+68.6%	108,967	+76.9%	0.81%	+76.0%
PG	New	PROCTER & GAMBLE CO	$12,222,000	–	98,267	–	0.76%	–
BAC	Sell	BANK AMER CORP	$12,007,000	-38.0%	411,623	-38.3%	0.75%	-35.2%
MDLZ	New	MONDELEZ INTL INCcl a	$12,002,000	–	216,964	–	0.75%	–
ADBE	New	ADOBE INC	$11,911,000	–	43,117	–	0.74%	–
FB	New	FACEBOOK INCcl a	$11,723,000	–	65,828	–	0.73%	–
SPGI	New	S&P GLOBAL INC	$11,510,000	–	46,984	–	0.72%	–
GDDY	New	GODADDY INCcl a	$11,420,000	–	173,080	–	0.71%	–
GOOG	Buy	ALPHABET INCcap stk cl c	$10,928,000	+2094.4%	8,965	+1844.7%	0.68%	+2176.7%
HD	New	HOME DEPOT INC	$10,682,000	–	46,038	–	0.67%	–
BKI	Buy	BLACK KNIGHT INC	$10,607,000	+665.3%	173,715	+654.0%	0.66%	+698.8%
NVS	Sell	NOVARTIS A Gsponsored adr	$9,907,000	-25.1%	113,999	-21.3%	0.62%	-21.8%
RYAAY	Sell	RYANAIR HLDGS PLCsponsored ads	$9,532,000	+2.9%	143,600	-0.6%	0.60%	+7.4%
DD	Sell	DUPONT DE NEMOURS INC	$9,484,000	-72.9%	132,990	-71.5%	0.59%	-71.7%
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$9,359,000	-14.7%	102,200	-9.8%	0.58%	-11.0%
MRK	New	MERCK & CO INC	$9,087,000	–	107,950	–	0.57%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$9,055,000	–	22,721	–	0.57%	–
PFE	Buy	PFIZER INC	$9,042,000	+3546.0%	251,647	+4302.5%	0.56%	+3666.7%
UNH	Sell	UNITEDHEALTH GROUP INC	$9,012,000	-69.5%	41,469	-65.7%	0.56%	-68.1%
FRC	New	FIRST REP BK SAN FRANCISCO C	$9,017,000	–	93,250	–	0.56%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$9,007,000	–	96,739	–	0.56%	–
TJX	New	TJX COS INC NEW	$9,011,000	–	161,654	–	0.56%	–
NOC	New	NORTHROP GRUMMAN CORP	$8,960,000	–	23,906	–	0.56%	–
LMT	Buy	LOCKHEED MARTIN CORP	$8,956,000	+395.6%	22,960	+362.0%	0.56%	+418.5%
INTU	New	INTUIT	$8,942,000	–	33,625	–	0.56%	–
FIS	Buy	FIDELITY NATL INFORMATION SV	$8,924,000	+200.8%	67,219	+177.9%	0.56%	+213.5%
CME	New	CME GROUP INC	$8,890,000	–	42,063	–	0.56%	–
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$8,042,000	+27.7%	97,392	+21.9%	0.50%	+33.4%
ABT	Buy	ABBOTT LABS	$7,552,000	+180.8%	90,264	+182.3%	0.47%	+193.2%
ANTM	New	ANTHEM INC	$6,354,000	–	26,466	–	0.40%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,162,000	–	21,155	–	0.38%	–
PPG	New	PPG INDS INC	$6,120,000	–	51,639	–	0.38%	–
MDT	New	MEDTRONIC PLC	$6,075,000	–	55,930	–	0.38%	–
SWK	New	STANLEY BLACK & DECKER INC	$6,080,000	–	42,102	–	0.38%	–
COST	New	COSTCO WHSL CORP NEW	$6,064,000	–	21,046	–	0.38%	–
ITW	New	ILLINOIS TOOL WKS INC	$6,059,000	–	38,716	–	0.38%	–
INFO	New	IHS MARKIT LTD	$6,051,000	–	90,481	–	0.38%	–
SHW	New	SHERWIN WILLIAMS CO	$6,028,000	–	10,963	–	0.38%	–
NEE	Sell	NEXTERA ENERGY INC	$6,021,000	-11.7%	25,841	-22.4%	0.38%	-7.8%
DRE	New	DUKE REALTY CORP	$6,012,000	–	176,979	–	0.38%	–
DHR	New	DANAHER CORPORATION	$6,006,000	–	41,584	–	0.38%	–
MCD	New	MCDONALDS CORP	$5,990,000	–	27,897	–	0.38%	–
ETR	New	ENTERGY CORP NEW	$5,978,000	–	50,938	–	0.37%	–
CMCSA	New	COMCAST CORP NEWcl a	$5,965,000	–	132,322	–	0.37%	–
BDX	New	BECTON DICKINSON & CO	$5,945,000	–	23,501	–	0.37%	–
ESS	New	ESSEX PPTY TR INC	$5,929,000	–	18,150	–	0.37%	–
GILD	Sell	GILEAD SCIENCES INC	$5,909,000	-65.6%	93,239	-63.3%	0.37%	-64.1%
CMS	Sell	CMS ENERGY CORP	$5,881,000	-11.6%	91,963	-19.9%	0.37%	-7.5%
ASML	Sell	ASML HOLDING N V	$5,161,000	+9.9%	20,775	-8.0%	0.32%	+14.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$4,796,000	-44.7%	23,055	-43.3%	0.30%	-42.2%
BA	New	BOEING CO	$4,711,000	–	12,382	–	0.30%	–
TU	Buy	TELUS CORP	$4,584,000	+22.0%	128,701	+26.9%	0.29%	+27.6%
PYPL	New	PAYPAL HLDGS INC	$4,476,000	–	43,210	–	0.28%	–
BPY	Buy	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$3,944,000	+20.7%	194,160	+12.5%	0.25%	+26.0%
PBA	Buy	PEMBINA PIPELINE CORP	$3,727,000	+6.3%	100,471	+6.9%	0.23%	+11.0%
AQN	Buy	ALGONQUIN PWR UTILS CORP	$3,718,000	+27.0%	271,310	+12.6%	0.23%	+32.6%
BEP	Buy	BROOKFIELD RENEWABLE PARTNERpartnership unit	$3,295,000	+31.0%	81,080	+11.7%	0.21%	+36.4%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$3,014,000	-85.7%	14,542	-86.4%	0.19%	-85.1%
CAT	New	CATERPILLAR INC DEL	$2,991,000	–	23,677	–	0.19%	–
ZTS	New	ZOETIS INCcl a	$2,974,000	–	23,868	–	0.19%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$2,942,000	–	27,154	–	0.18%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$2,925,000	–	15,160	–	0.18%	–
IQV	New	IQVIA HLDGS INC	$2,907,000	–	19,458	–	0.18%	–
BERY	Sell	BERRY GLOBAL GROUP INC	$2,825,000	-82.6%	71,950	-76.6%	0.18%	-81.7%
CNI	Sell	CANADIAN NATL RY CO	$1,118,000	-11.0%	12,442	-8.1%	0.07%	-6.7%
BMO	Buy	BANK MONTREAL QUE	$799,000	-1.0%	10,843	+1.8%	0.05%	+4.2%
AEM	Sell	AGNICO EAGLE MINES LTD	$322,000	-25.8%	6,006	-28.9%	0.02%	-23.1%
FNV	Sell	FRANCO NEVADA CORP	$258,000	-35.8%	2,830	-40.1%	0.02%	-33.3%
DIS	Buy	DISNEY WALT CO	$233,000	+16.5%	1,789	+24.9%	0.02%	+25.0%
HRB	New	BLOCK H & R INC	$242,000	–	10,240	–	0.02%	–
EQX	New	EQUINOX GOLD CORP	$213,000	–	40,000	–	0.01%	–
PHYS	Buy	SPROTT PHYSICAL GOLD TRUSTunit	$199,000	+25.2%	16,870	+19.9%	0.01%	+20.0%
LCTX	New	LINEAGE CELL THERAPEUTICS IN	$10,000	–	10,000	–	0.00%	–
PDS	New	PRECISION DRILLING CORP	$19,000	–	16,435	–	0.00%	–
BTX	Exit	BIOTIME INC	$0	–	-10,000	–	-0.00%	–
QEP	Exit	QEP RES INC	$0	–	-18,794	–	-0.01%	–
BTG	Exit	B2GOLD CORP	$0	–	-58,017	–	-0.01%	–
CTVA	Exit	CORTEVA INC	$0	–	-7,051	–	-0.01%	–
PLNT	Exit	PLANET FITNESS INCcl a	$0	–	-3,289	–	-0.01%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-10,010	–	-0.02%	–
FTS	Exit	FORTIS INC	$0	–	-6,505	–	-0.02%	–
BTEGF	Exit	BAYTEX ENERGY CORP	$0	–	-200,658	–	-0.02%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-59,409	–	-0.02%	–
WPX	Exit	WPX ENERGY INC	$0	–	-37,955	–	-0.03%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-23,478	–	-0.03%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-7,015	–	-0.03%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-15,611	–	-0.03%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-58,172	–	-0.03%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPcl a	$0	–	-3,600	–	-0.04%	–
RAMP	Exit	LIVERAMP HLDGS INC	$0	–	-15,660	–	-0.04%	–
CXO	Exit	CONCHO RES INC	$0	–	-7,829	–	-0.05%	–
COT	Exit	COTT CORP QUE	$0	–	-71,146	–	-0.06%	–
XLE	Exit	SELECT SECTOR SPDR TRput	$0	–	-20,000	–	-0.08%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-30,686	–	-0.10%	–
ATUS	Exit	ALTICE USA INCcl a	$0	–	-68,327	–	-0.10%	–
BBU	Exit	BROOKFIELD BUSINESS PARTNERSunit ltd lp	$0	–	-44,048	–	-0.10%	–
VOYA	Exit	VOYA FINL INC	$0	–	-38,046	–	-0.13%	–
ERF	Exit	ENERPLUS CORP	$0	–	-301,702	–	-0.14%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-13,341	–	-0.14%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-23,225	–	-0.15%	–
LW	Exit	LAMB WESTON HLDGS INC	$0	–	-42,535	–	-0.16%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-62,072	–	-0.17%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-148,052	–	-0.18%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-23,697	–	-0.19%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-29,634	–	-0.19%	–
USO	Exit	UNITED STATES OIL FUND LPput	$0	–	-300,000	–	-0.22%	–
EOG	Exit	EOG RES INC	$0	–	-59,206	–	-0.33%	–
BRX	Exit	BRIXMOR PPTY GROUP INC	$0	–	-360,315	–	-0.39%	–
HCP	Exit	HCP INC	$0	–	-203,721	–	-0.39%	–
EVRG	Exit	EVERGY INC	$0	–	-110,252	–	-0.40%	–
SUI	Exit	SUN CMNTYS INC	$0	–	-53,891	–	-0.41%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-128,349	–	-0.43%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-512,331	–	-0.67%	–
ABBV	Exit	ABBVIE INC	$0	–	-198,243	–	-0.86%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-288,400	–	-0.90%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-282,237	–	-0.96%	–
APO	Exit	APOLLO GLOBAL MGMT LLC	$0	–	-681,254	–	-1.40%	–
NRG	Exit	NRG ENERGY INC	$0	–	-708,826	–	-1.49%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-504,817	–	-2.91%	–

Q2 2019

			Value		Shares		↓ Weighting
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$71,267,000	–	1,486,433	–	4.27%	–
TD	New	TORONTO DOMINION BK ONT	$67,461,000	–	1,151,993	–	4.04%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$67,292,000	–	844,908	–	4.03%	–
MSGS	New	MADISON SQUARE GARDEN CO NEWcl a	$63,092,000	–	225,377	–	3.78%	–
AON	New	AON PLC	$57,350,000	–	297,183	–	3.43%	–
BNS	New	BANK N S HALIFAX	$54,645,000	–	1,015,135	–	3.27%	–
T	New	AT&T INC	$54,367,000	–	1,622,408	–	3.26%	–
SLF	New	SUN LIFE FINL INC	$50,625,000	–	1,219,826	–	3.03%	–
MFC	New	MANULIFE FINL CORP	$50,098,000	–	2,750,549	–	3.00%	–
FSV	New	FIRSTSERVICE CORP NEW	$48,678,000	–	504,817	–	2.91%	–
MSFT	New	MICROSOFT CORP	$45,313,000	–	338,258	–	2.71%	–
ENB	New	ENBRIDGE INC	$42,938,000	–	1,186,186	–	2.57%	–
CP	New	CANADIAN PAC RY LTD	$42,485,000	–	179,990	–	2.54%	–
WCN	New	WASTE CONNECTIONS INC	$41,847,000	–	437,097	–	2.50%	–
QSR	New	RESTAURANT BRANDS INTL INC	$39,568,000	–	567,737	–	2.37%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$37,884,000	–	119	–	2.27%	–
DD	New	DUPONT DE NEMOURS INC	$35,017,000	–	466,464	–	2.10%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$31,586,000	–	735,306	–	1.89%	–
SU	New	SUNCOR ENERGY INC NEW	$30,836,000	–	986,371	–	1.85%	–
GOOGL	New	ALPHABET INCcap stk cl a	$30,758,000	–	28,406	–	1.84%	–
UNH	New	UNITEDHEALTH GROUP INC	$29,527,000	–	121,007	–	1.77%	–
CIGI	New	COLLIERS INTL GROUP INC	$29,462,000	–	411,176	–	1.76%	–
TRP	New	TC ENERGY CORP	$29,156,000	–	586,851	–	1.74%	–
KO	New	COCA COLA CO	$28,535,000	–	560,387	–	1.71%	–
BCE	New	BCE INC	$27,682,000	–	607,116	–	1.66%	–
NRG	New	NRG ENERGY INC	$24,894,000	–	708,826	–	1.49%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$24,824,000	–	62,818	–	1.49%	–
CNQ	New	CANADIAN NAT RES LTD	$23,816,000	–	881,351	–	1.43%	–
APO	New	APOLLO GLOBAL MGMT LLC	$23,367,000	–	681,254	–	1.40%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$21,048,000	–	106,877	–	1.26%	–
FWONK	New	LIBERTY MEDIA CORP DELAWARE	$20,606,000	–	550,811	–	1.23%	–
V	New	VISA INC	$20,392,000	–	117,501	–	1.22%	–
JPM	New	JPMORGAN CHASE & CO	$20,142,000	–	180,161	–	1.21%	–
MA	New	MASTERCARD INCcl a	$20,027,000	–	75,708	–	1.20%	–
OTEX	New	OPEN TEXT CORP	$19,431,000	–	469,852	–	1.16%	–
BAC	New	BANK AMER CORP	$19,361,000	–	667,621	–	1.16%	–
NTR	New	NUTRIEN LTD	$18,015,000	–	336,049	–	1.08%	–
GILD	New	GILEAD SCIENCES INC	$17,177,000	–	254,245	–	1.03%	–
NICE	New	NICE LTDsponsored adr	$16,656,000	–	121,575	–	1.00%	–
BERY	New	BERRY GLOBAL GROUP INC	$16,194,000	–	307,938	–	0.97%	–
DAL	New	DELTA AIR LINES INC DEL	$16,017,000	–	282,237	–	0.96%	–
SONY	New	SONY CORPsponsored adr	$15,109,000	–	288,400	–	0.90%	–
ABBV	New	ABBVIE INC	$14,416,000	–	198,243	–	0.86%	–
NVS	New	NOVARTIS A Gsponsored adr	$13,223,000	–	144,819	–	0.79%	–
	New	BRP INC	$11,830,000	–	330,293	–	0.71%	–
VET	New	VERMILION ENERGY INC	$11,155,000	–	512,331	–	0.67%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$10,968,000	–	113,361	–	0.66%	–
RYAAY	New	RYANAIR HLDGS PLCsponsored ads	$9,264,000	–	144,430	–	0.56%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$8,672,000	–	40,683	–	0.52%	–
CVX	New	CHEVRON CORP NEW	$7,664,000	–	61,586	–	0.46%	–
MPC	New	MARATHON PETE CORP	$7,172,000	–	128,349	–	0.43%	–
SUI	New	SUN CMNTYS INC	$6,908,000	–	53,891	–	0.41%	–
NEE	New	NEXTERA ENERGY INC	$6,818,000	–	33,280	–	0.41%	–
CMS	New	CMS ENERGY CORP	$6,650,000	–	114,837	–	0.40%	–
EVRG	New	EVERGY INC	$6,632,000	–	110,252	–	0.40%	–
HCP	New	HCP INC	$6,515,000	–	203,721	–	0.39%	–
BRX	New	BRIXMOR PPTY GROUP INC	$6,442,000	–	360,315	–	0.39%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$6,298,000	–	79,912	–	0.38%	–
EOG	New	EOG RES INC	$5,516,000	–	59,206	–	0.33%	–
ASML	New	ASML HOLDING N V	$4,695,000	–	22,580	–	0.28%	–
TU	New	TELUS CORP	$3,758,000	–	101,439	–	0.22%	–
USO	New	UNITED STATES OIL FUND LPput	$3,612,000	–	300,000	–	0.22%	–
PBA	New	PEMBINA PIPELINE CORP	$3,505,000	–	93,956	–	0.21%	–
BPY	New	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$3,267,000	–	172,560	–	0.20%	–
FANG	New	DIAMONDBACK ENERGY INC	$3,229,000	–	29,634	–	0.19%	–
DG	New	DOLLAR GEN CORP NEW	$3,203,000	–	23,697	–	0.19%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$3,027,000	–	148,052	–	0.18%	–
FIS	New	FIDELITY NATL INFORMATION SV	$2,967,000	–	24,188	–	0.18%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$2,928,000	–	241,050	–	0.18%	–
ETFC	New	E TRADE FINANCIAL CORP	$2,768,000	–	62,072	–	0.17%	–
LW	New	LAMB WESTON HLDGS INC	$2,695,000	–	42,535	–	0.16%	–
ABT	New	ABBOTT LABS	$2,689,000	–	31,977	–	0.16%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$2,516,000	–	72,570	–	0.15%	–
DLTR	New	DOLLAR TREE INC	$2,494,000	–	23,225	–	0.15%	–
LH	New	LABORATORY CORP AMER HLDGS	$2,307,000	–	13,341	–	0.14%	–
ERF	New	ENERPLUS CORP	$2,272,000	–	301,702	–	0.14%	–
VOYA	New	VOYA FINL INC	$2,104,000	–	38,046	–	0.13%	–
LMT	New	LOCKHEED MARTIN CORP	$1,807,000	–	4,970	–	0.11%	–
BBU	New	BROOKFIELD BUSINESS PARTNERSunit ltd lp	$1,719,000	–	44,048	–	0.10%	–
ATUS	New	ALTICE USA INCcl a	$1,664,000	–	68,327	–	0.10%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$1,646,000	–	30,686	–	0.10%	–
BKI	New	BLACK KNIGHT INC	$1,386,000	–	23,038	–	0.08%	–
RGA	New	REINSURANCE GRP OF AMERICA I	$1,323,000	–	8,479	–	0.08%	–
XLE	New	SELECT SECTOR SPDR TRput	$1,274,000	–	20,000	–	0.08%	–
CNI	New	CANADIAN NATL RY CO	$1,256,000	–	13,542	–	0.08%	–
COT	New	COTT CORP QUE	$952,000	–	71,146	–	0.06%	–
CXO	New	CONCHO RES INC	$808,000	–	7,829	–	0.05%	–
BMO	New	BANK MONTREAL QUE	$807,000	–	10,655	–	0.05%	–
RAMP	New	LIVERAMP HLDGS INC	$759,000	–	15,660	–	0.04%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPcl a	$754,000	–	3,600	–	0.04%	–
AAPL	New	APPLE INC	$579,000	–	2,925	–	0.04%	–
CVE	New	CENOVUS ENERGY INC	$514,000	–	58,172	–	0.03%	–
GOOG	New	ALPHABET INCcap stk cl c	$498,000	–	461	–	0.03%	–
KFS	New	KINGSWAY FINL SVCS INC	$490,000	–	200,000	–	0.03%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$481,000	–	15,611	–	0.03%	–
EFA	New	ISHARES TRmsci eafe etf	$461,000	–	7,015	–	0.03%	–
PE	New	PARSLEY ENERGY INCcl a	$446,000	–	23,478	–	0.03%	–
AEM	New	AGNICO EAGLE MINES LTD	$434,000	–	8,443	–	0.03%	–
WPX	New	WPX ENERGY INC	$437,000	–	37,955	–	0.03%	–
FNV	New	FRANCO NEVADA CORP	$402,000	–	4,725	–	0.02%	–
CPE	New	CALLON PETE CO DEL	$392,000	–	59,409	–	0.02%	–
ROIC	New	RETAIL OPPORTUNITY INVTS COR	$360,000	–	21,000	–	0.02%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$372,000	–	28,020	–	0.02%	–
BKR	New	BAKER HUGHES A GE COcl a	$358,000	–	14,515	–	0.02%	–
BTEGF	New	BAYTEX ENERGY CORP	$312,000	–	200,658	–	0.02%	–
CDAY	New	CERIDIAN HCM HLDG INC	$278,000	–	5,529	–	0.02%	–
FTS	New	FORTIS INC	$257,000	–	6,505	–	0.02%	–
PFE	New	PFIZER INC	$248,000	–	5,716	–	0.02%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$243,000	–	10,010	–	0.02%	–
PLNT	New	PLANET FITNESS INCcl a	$238,000	–	3,289	–	0.01%	–
LGFA	New	LIONS GATE ENTMNT CORPcl a vtg	$210,000	–	17,176	–	0.01%	–
DIS	New	DISNEY WALT CO	$200,000	–	1,432	–	0.01%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$199,000	–	17,176	–	0.01%	–
CTVA	New	CORTEVA INC	$208,000	–	7,051	–	0.01%	–
BTG	New	B2GOLD CORP	$177,000	–	58,017	–	0.01%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$159,000	–	14,070	–	0.01%	–
PCOM	New	POINTS INTL LTD	$143,000	–	11,454	–	0.01%	–
CLS	New	CELESTICA INC	$155,000	–	22,700	–	0.01%	–
QEP	New	QEP RES INC	$136,000	–	18,794	–	0.01%	–
NLY	New	ANNALY CAP MGMT INC	$91,000	–	10,000	–	0.01%	–
HBM	New	HUDBAY MINERALS INC	$54,000	–	10,000	–	0.00%	–
BTX	New	BIOTIME INC	$11,000	–	10,000	–	0.00%	–
APDN	New	APPLIED DNA SCIENCES INC	$10,000	–	20,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
BTX	Exit	BIOTIME INC	$0	–	-10,000	–	-0.00%	–
APDN	Exit	APPLIED DNA SCIENCES INC	$0	–	-20,000	–	-0.00%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-10,000	–	-0.00%	–
CLS	Exit	CELESTICA INC	$0	–	-11,340	–	-0.01%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-14,070	–	-0.01%	–
PCOM	Exit	POINTS INTL LTD	$0	–	-11,454	–	-0.01%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-6,928	–	-0.01%	–
OPY	Exit	OPPENHEIMER HLDGS INCcl a non vtg	$0	–	-7,000	–	-0.01%	–
FTS	Exit	FORTIS INC	$0	–	-6,655	–	-0.01%	–
TU	Exit	TELUS CORP	$0	–	-6,664	–	-0.01%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-2,808	–	-0.01%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-28,020	–	-0.02%	–
ROIC	Exit	RETAIL OPPORTUNITY INVTS COR	$0	–	-21,000	–	-0.02%	–
CGC	Exit	CANOPY GROWTH CORP	$0	–	-7,762	–	-0.02%	–
LGFA	Exit	LIONS GATE ENTMNT CORPcl a vtg	$0	–	-17,176	–	-0.02%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-7,015	–	-0.02%	–
KFS	Exit	KINGSWAY FINL SVCS INC	$0	–	-200,000	–	-0.02%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-530	–	-0.03%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-20,000	–	-0.03%	–
TRQ	Exit	TURQUOISE HILL RES LTD	$0	–	-385,370	–	-0.04%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-11,248	–	-0.04%	–
AAPL	Exit	APPLE INC	$0	–	-4,475	–	-0.04%	–
SAIC	Exit	SCIENCE APPLICATNS INTL CP N	$0	–	-14,970	–	-0.05%	–
RGA	Exit	REINSURANCE GROUP AMER INC	$0	–	-8,479	–	-0.05%	–
FANG	Exit	DIAMONDBACK ENERGY INCput	$0	–	-10,000	–	-0.06%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-15,912	–	-0.06%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-67,061	–	-0.07%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-94,810	–	-0.07%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-54,830	–	-0.08%	–
ADSK	Exit	AUTODESK INC	$0	–	-12,101	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-25,000	–	-0.09%	–
CCL	Exit	CARNIVAL CORPcall	$0	–	-34,000	–	-0.10%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-34,560	–	-0.10%	–
LGFB	Exit	LIONS GATE ENTMNT CORPcl b non vtg	$0	–	-92,766	–	-0.10%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-379,755	–	-0.11%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-21,657	–	-0.11%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-47,654	–	-0.12%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-27,780	–	-0.12%	–
TER	Exit	TERADYNE INC	$0	–	-77,138	–	-0.13%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-71,525	–	-0.13%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-71,490	–	-0.13%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-36,400	–	-0.13%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-9,606	–	-0.14%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-106,850	–	-0.14%	–
BTEGF	Exit	BAYTEX ENERGY CORP	$0	–	-1,075,506	–	-0.14%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-279,780	–	-0.15%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-338,154	–	-0.16%	–
PLNT	Exit	PLANET FITNESS INCcl a	$0	–	-69,650	–	-0.17%	–
FLIR	Exit	FLIR SYS INC	$0	–	-61,396	–	-0.17%	–
LLL	Exit	L3 TECHNOLOGIES INC	$0	–	-17,986	–	-0.17%	–
ENB	Exit	ENBRIDGE INC	$0	–	-124,586	–	-0.18%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-30,770	–	-0.18%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-219,215	–	-0.19%	–
COT	Exit	COTT CORP QUE	$0	–	-267,145	–	-0.19%	–
BBU	Exit	BROOKFIELD BUSINESS PARTNERSunit ltd lp	$0	–	-98,115	–	-0.20%	–
ETFC	Exit	E TRADE FINANCIAL CORP	$0	–	-90,697	–	-0.21%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-61,544	–	-0.21%	–
VOYA	Exit	VOYA FINL INC	$0	–	-100,426	–	-0.22%	–
NVCR	Exit	NOVOCURE LTD	$0	–	-104,359	–	-0.24%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-35,176	–	-0.33%	–
KW	Exit	KENNEDY-WILSON HLDGS INC	$0	–	-363,110	–	-0.34%	–
ECA	Exit	ENCANA CORP	$0	–	-899,626	–	-0.52%	–
ASML	Exit	ASML HOLDING N V	$0	–	-68,294	–	-0.57%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-267,419	–	-0.57%	–
DISCA	Exit	DISCOVERY INC	$0	–	-439,678	–	-0.62%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-162,891	–	-0.71%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-63,000	–	-0.81%	–
FWONK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-519,602	–	-0.86%	–
SC	Exit	SANTANDER CONSUMER USA HDG I	$0	–	-989,669	–	-0.88%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-271,302	–	-0.90%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-256,975	–	-0.98%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-594,354	–	-1.00%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-701,017	–	-1.02%	–
NTR	Exit	NUTRIEN LTD	$0	–	-447,298	–	-1.14%	–
GM	Exit	GENERAL MTRS CO	$0	–	-944,132	–	-1.41%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-821,472	–	-1.41%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-150,674	–	-1.48%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-861,165	–	-1.52%	–
PFE	Exit	PFIZER INC	$0	–	-797,088	–	-1.55%	–
AON	Exit	AON PLC	$0	–	-236,460	–	-1.61%	–
BCE	Exit	BCE INC	$0	–	-918,897	–	-1.65%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-120	–	-1.70%	–
MSGS	Exit	MADISON SQUARE GARDEN CO NEWcl a	$0	–	-122,287	–	-1.70%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-727,200	–	-1.86%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-35,131	–	-1.88%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-732,218	–	-1.92%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-546,737	–	-1.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-399,553	–	-2.02%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-439,390	–	-2.19%	–
V	Exit	VISA INC	$0	–	-344,224	–	-2.28%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,590,658	–	-2.30%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-246,894	–	-2.31%	–
BAC	Exit	BANK AMER CORP	$0	–	-1,796,164	–	-2.34%	–
FSV	Exit	FIRSTSERVICE CORP NEWsub vtg sh	$0	–	-645,053	–	-2.41%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-171,651	–	-2.47%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-397,102	–	-2.48%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-1,494,647	–	-2.63%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-836,455	–	-2.96%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,131,148	–	-2.98%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-315,675	–	-3.18%	–
SONY	Exit	SONY CORPsponsored adr	$0	–	-1,188,922	–	-3.19%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-4,091,288	–	-3.24%	–
STAY	Exit	EXTENDED STAY AMER INCunit 99/99/9999b	$0	–	-3,621,522	–	-3.24%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,853,317	–	-3.65%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-1,394,058	–	-3.96%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,598,112	–	-4.30%	–
XLF	Exit	SELECT SECTOR SPDR TRcall	$0	–	-6,305,000	–	-7.69%	–

Q3 2018

			Value		Shares		↓ Weighting
XLF	New	SELECT SECTOR SPDR TRcall	$173,892,000	–	6,305,000	–	7.69%	–
TD	Sell	TORONTO DOMINION BK ONT	$97,112,000	-8.7%	1,598,112	-13.1%	4.30%	-20.1%
DWDP	Buy	DOWDUPONT INC	$89,652,000	+28.4%	1,394,058	+31.6%	3.96%	+12.3%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$82,489,000	-1.4%	1,853,317	-10.2%	3.65%	-13.8%
STAY	Buy	EXTENDED STAY AMER INCunit 99/99/9999b	$73,263,000	+23.1%	3,621,522	+31.5%	3.24%	+7.7%
MFC	Sell	MANULIFE FINL CORP	$73,137,000	-16.4%	4,091,288	-16.0%	3.24%	-26.8%
SONY	Buy	SONY CORPsponsored adr	$72,108,000	+34.3%	1,188,922	+13.5%	3.19%	+17.5%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$71,923,000	+40.7%	315,675	+30.1%	3.18%	+23.2%
BNS	Sell	BANK N S HALIFAX	$67,423,000	-5.2%	1,131,148	-9.9%	2.98%	-17.0%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$67,051,000	+13.8%	836,455	+6.9%	2.96%	-0.5%
SLF	Sell	SUN LIFE FINL INC	$59,420,000	-13.3%	1,494,647	-12.4%	2.63%	-24.2%
WLTW	Buy	WILLIS TOWERS WATSON PUB LTD	$55,968,000	+22.9%	397,102	+32.2%	2.48%	+7.6%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$55,938,000	+36.2%	171,651	+22.5%	2.47%	+19.1%
FSV	Sell	FIRSTSERVICE CORP NEWsub vtg sh	$54,500,000	-6.6%	645,053	-15.9%	2.41%	-18.2%
BAC	Buy	BANK AMER CORP	$52,915,000	+17.9%	1,796,164	+12.8%	2.34%	+3.1%
CP	Sell	CANADIAN PAC RY LTD	$52,227,000	-1.9%	246,894	-15.0%	2.31%	-14.1%
CNQ	Sell	CANADIAN NAT RES LTD	$51,969,000	-19.4%	1,590,658	-10.9%	2.30%	-29.5%
V	Buy	VISA INC	$51,665,000	+93.9%	344,224	+71.1%	2.28%	+69.6%
JPM	Buy	JPMORGAN CHASE & CO	$49,581,000	+26.6%	439,390	+16.9%	2.19%	+10.8%
MSFT	Buy	MICROSOFT CORP	$45,697,000	+51.4%	399,553	+30.5%	2.02%	+32.4%
WCN	Sell	WASTE CONNECTIONS INC	$43,581,000	-26.8%	546,737	-30.8%	1.93%	-35.9%
QSR	Sell	RESTAURANT BRANDS INTL INC	$43,355,000	-7.1%	732,218	-5.4%	1.92%	-18.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$42,406,000	+22.1%	35,131	+14.2%	1.88%	+6.8%
DAL	Buy	DELTA AIR LINES INC DEL	$42,054,000	+25.6%	727,200	+7.6%	1.86%	+9.9%
MSGS	Sell	MADISON SQUARE GARDEN CO NEWcl a	$38,560,000	-32.1%	122,287	-33.2%	1.70%	-40.6%
BRKA	Buy	BERKSHIRE HATHAWAY INC DELcl a	$38,400,000	+37.5%	120	+21.2%	1.70%	+20.3%
BCE	Sell	BCE INC	$37,228,000	-10.3%	918,897	-10.3%	1.65%	-21.5%
AON	Sell	AON PLC	$36,363,000	+6.4%	236,460	-5.1%	1.61%	-6.9%
PFE	Sell	PFIZER INC	$35,128,000	+4.1%	797,088	-14.3%	1.55%	-8.9%
BIP	Sell	BROOKFIELD INFRAST PARTNERSlp int unit	$34,382,000	-7.7%	861,165	-11.3%	1.52%	-19.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$33,542,000	-9.8%	150,674	-20.4%	1.48%	-21.1%
GM	Buy	GENERAL MTRS CO	$31,789,000	-1.1%	944,132	+15.7%	1.41%	-13.5%
SU	Sell	SUNCOR ENERGY INC NEW	$31,786,000	-20.8%	821,472	-16.7%	1.41%	-30.7%
NTR	Sell	NUTRIEN LTD	$25,827,000	-9.0%	447,298	-14.3%	1.14%	-20.4%
VET	Buy	VERMILION ENERGY INC	$23,098,000	+26.2%	701,017	+38.2%	1.02%	+10.5%
OTEX	Sell	OPEN TEXT CORP	$22,616,000	-15.4%	594,354	-21.8%	1.00%	-26.0%
NVS	Sell	NOVARTIS A Gsponsored adr	$22,141,000	+13.8%	256,975	-0.3%	0.98%	-0.5%
SITE	Buy	SITEONE LANDSCAPE SUPPLY INC	$20,440,000	+166.7%	271,302	+197.3%	0.90%	+133.6%
SC	Buy	SANTANDER CONSUMER USA HDG I	$19,833,000	+37.4%	989,669	+30.9%	0.88%	+20.1%
FWONK	Buy	LIBERTY MEDIA CORP DELAWARE	$19,324,000	+22.9%	519,602	+22.7%	0.86%	+7.5%
SPY	New	SPDR S&P 500 ETF TRput	$18,315,000	–	63,000	–	0.81%	–
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$16,121,000	-43.8%	162,891	-50.2%	0.71%	-50.8%
DISCA	Buy	DISCOVERY INC	$14,070,000	+23.7%	439,678	+6.3%	0.62%	+8.2%
BERY	Buy	BERRY GLOBAL GROUP INC	$12,940,000	+199.1%	267,419	+184.0%	0.57%	+161.2%
ASML	Buy	ASML HOLDING N V	$12,841,000	-3.8%	68,294	+1.3%	0.57%	-15.9%
ECA	Sell	ENCANA CORP	$11,792,000	-53.0%	899,626	-53.1%	0.52%	-58.8%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$7,532,000	+20.7%	35,176	+5.2%	0.33%	+5.7%
NVCR	New	NOVOCURE LTD	$5,468,000	–	104,359	–	0.24%	–
VOYA	Buy	VOYA FINL INC	$4,988,000	+22.9%	100,426	+16.3%	0.22%	+7.8%
CIGI	Sell	COLLIERS INTL GROUP INC	$4,767,000	-10.8%	61,544	-12.3%	0.21%	-21.9%
ETFC	Buy	E TRADE FINANCIAL CORP	$4,752,000	+47.8%	90,697	+72.5%	0.21%	+28.8%
BBU	Buy	BROOKFIELD BUSINESS PARTNERSunit ltd lp	$4,498,000	+35.1%	98,115	+12.9%	0.20%	+18.5%
COT	Buy	COTT CORP QUE	$4,312,000	+9.1%	267,145	+11.9%	0.19%	-4.5%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$4,272,000	-13.7%	219,215	-9.8%	0.19%	-24.4%
FANG	Buy	DIAMONDBACK ENERGY INC	$4,160,000	+20.7%	30,770	+17.4%	0.18%	+5.7%
ENB	Buy	ENBRIDGE INC	$4,020,000	-6.2%	124,586	+3.9%	0.18%	-18.0%
LLL	Sell	L3 TECHNOLOGIES INC	$3,824,000	-11.7%	17,986	-20.1%	0.17%	-22.8%
FLIR	Sell	FLIR SYS INC	$3,774,000	+5.8%	61,396	-10.6%	0.17%	-7.2%
PLNT	Sell	PLANET FITNESS INCcl a	$3,763,000	-1.2%	69,650	-19.7%	0.17%	-14.0%
AQN	Buy	ALGONQUIN PWR UTILS CORP	$3,498,000	+1271.8%	338,154	+1179.3%	0.16%	+1092.3%
CPE	Buy	CALLON PETE CO DEL	$3,355,000	+20.2%	279,780	+7.7%	0.15%	+5.0%
BTEGF	New	BAYTEX ENERGY CORP	$3,122,000	–	1,075,506	–	0.14%	–
PE	New	PARSLEY ENERGY INCcl a	$3,125,000	–	106,850	–	0.14%	–
NOC	Sell	NORTHROP GRUMMAN CORP	$3,049,000	+3.1%	9,606	-0.0%	0.14%	-9.4%
DLTR	Sell	DOLLAR TREE INC	$2,968,000	-28.6%	36,400	-25.6%	0.13%	-37.6%
TRP	Buy	TRANSCANADA CORP	$2,892,000	+10.3%	71,490	+18.0%	0.13%	-3.0%
DVN	Buy	DEVON ENERGY CORP NEW	$2,857,000	-2.3%	71,525	+7.6%	0.13%	-14.9%
TER	Buy	TERADYNE INC	$2,853,000	+11.1%	77,138	+14.3%	0.13%	-3.1%
ALB	Sell	ALBEMARLE CORP	$2,772,000	+2.0%	27,780	-3.6%	0.12%	-10.2%
LYV	Buy	LIVE NATION ENTERTAINMENT IN	$2,596,000	+21.6%	47,654	+8.5%	0.12%	+6.5%
OLED	New	UNIVERSAL DISPLAY CORP	$2,553,000	–	21,657	–	0.11%	–
CPG	Sell	CRESCENT PT ENERGY CORP	$2,417,000	-13.5%	379,755	-0.1%	0.11%	-24.1%
CCL	New	CARNIVAL CORPcall	$2,168,000	–	34,000	–	0.10%	–
LGFB	Buy	LIONS GATE ENTMNT CORPcl b non vtg	$2,161,000	+436.2%	92,766	+440.1%	0.10%	+380.0%
FNV	Sell	FRANCO NEVADA CORP	$2,162,000	-22.6%	34,560	-9.7%	0.10%	-31.9%
ADSK	Buy	AUTODESK INC	$1,889,000	+19.3%	12,101	+0.1%	0.08%	+5.0%
AEM	Buy	AGNICO EAGLE MINES LTD	$1,873,000	-18.0%	54,830	+10.1%	0.08%	-27.8%
WPM	Sell	WHEATON PRECIOUS METALS CORP	$1,659,000	-30.6%	94,810	-12.5%	0.07%	-39.7%
TECK	New	TECK RESOURCES LTDcl b	$1,616,000	–	67,061	–	0.07%	–
CNI	Buy	CANADIAN NATL RY CO	$1,428,000	+14.5%	15,912	+4.4%	0.06%	0.0%
FANG	New	DIAMONDBACK ENERGY INCput	$1,352,000	–	10,000	–	0.06%	–
SAIC	New	SCIENCE APPLICATNS INTL CP N	$1,207,000	–	14,970	–	0.05%	–
AAPL	Buy	APPLE INC	$1,010,000	+27.5%	4,475	+4.5%	0.04%	+12.5%
BMO	Buy	BANK MONTREAL QUE	$928,000	+60.8%	11,248	+50.7%	0.04%	+41.4%
TRQ	Buy	TURQUOISE HILL RES LTD	$820,000	+673.6%	385,370	+924.9%	0.04%	+620.0%
ELAN	New	ELANCO ANIMAL HEALTH INC	$698,000	–	20,000	–	0.03%	–
GOOG	Buy	ALPHABET INCcap stk cl c	$633,000	+10.1%	530	+2.9%	0.03%	-3.4%
CGC	New	CANOPY GROWTH CORP	$377,000	–	7,762	–	0.02%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$263,000	–	2,808	–	0.01%	–
TU	New	TELUS CORP	$246,000	–	6,664	–	0.01%	–
OPY	New	OPPENHEIMER HLDGS INCcl a non vtg	$221,000	–	7,000	–	0.01%	–
FTS	New	FORTIS INC	$216,000	–	6,655	–	0.01%	–
IMO	Buy	IMPERIAL OIL LTD	$224,000	+2.8%	6,928	+5.6%	0.01%	-9.1%
CLS	Sell	CELESTICA INC	$123,000	-29.7%	11,340	-22.9%	0.01%	-44.4%
PVG	Exit	PRETIUM RES INC	$0	–	-142,590	–	-0.05%	–
BNO	Exit	UNITED STS BRENT OIL FD LPput	$0	–	-50,000	–	-0.06%	–
GOOS	Exit	CANADA GOOSE HOLDINGS INC	$0	–	-21,500	–	-0.06%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-48,320	–	-0.07%	–
ECA	Exit	ENCANA CORPput	$0	–	-100,000	–	-0.09%	–
USO	Exit	UNITED STATES OIL FUND LPput	$0	–	-200,000	–	-0.15%	–
HUD	Exit	HUDSON LTD	$0	–	-178,400	–	-0.16%	–
ENB	Exit	ENBRIDGE INCput	$0	–	-55,000	–	-0.17%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-109,360	–	-0.21%	–
CNQ	Exit	CANADIAN NAT RES LTDput	$0	–	-80,000	–	-0.25%	–
USFD	Exit	US FOODS HLDG CORP	$0	–	-197,884	–	-0.38%	–

Q2 2018

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$106,383,000	–	1,838,044	–	5.38%	–
MFC	New	MANULIFE FINL CORP	$87,469,000	–	4,868,395	–	4.42%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$83,685,000	–	2,062,938	–	4.23%	–
BNS	New	BANK N S HALIFAX	$71,108,000	–	1,255,804	–	3.59%	–
DWDP	New	DOWDUPONT INC	$69,838,000	–	1,059,440	–	3.53%	–
SLF	New	SUN LIFE FINL INC	$68,564,000	–	1,706,169	–	3.47%	–
CNQ	New	CANADIAN NAT RES LTD	$64,453,000	–	1,785,741	–	3.26%	–
STAY	New	EXTENDED STAY AMER INCunit 99/99/9999b	$59,530,000	–	2,754,752	–	3.01%	–
WCN	New	WASTE CONNECTIONS INC	$59,508,000	–	789,987	–	3.01%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$58,942,000	–	782,787	–	2.98%	–
FSV	New	FIRSTSERVICE CORP NEWsub vtg sh	$58,326,000	–	766,860	–	2.95%	–
MSGS	New	MADISON SQUARE GARDEN CO NEWcl a	$56,818,000	–	183,172	–	2.87%	–
SONY	New	SONY CORPsponsored adr	$53,707,000	–	1,047,741	–	2.72%	–
CP	New	CANADIAN PAC RY LTD	$53,219,000	–	290,405	–	2.69%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$51,101,000	–	242,588	–	2.58%	–
QSR	New	RESTAURANT BRANDS INTL INC	$46,666,000	–	773,643	–	2.36%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$45,525,000	–	300,299	–	2.30%	–
BAC	New	BANK AMER CORP	$44,883,000	–	1,592,171	–	2.27%	–
BCE	New	BCE INC	$41,496,000	–	1,024,657	–	2.10%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$41,083,000	–	140,115	–	2.08%	–
SU	New	SUNCOR ENERGY INC NEW	$40,140,000	–	986,346	–	2.03%	–
JPM	New	JPMORGAN CHASE & CO	$39,150,000	–	375,716	–	1.98%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$37,269,000	–	971,354	–	1.88%	–
MA	New	MASTERCARD INCORPORATEDcl a	$37,193,000	–	189,256	–	1.88%	–
GOOGL	New	ALPHABET INCcap stk cl a	$34,736,000	–	30,762	–	1.76%	–
AON	New	AON PLC	$34,180,000	–	249,177	–	1.73%	–
PFE	New	PFIZER INC	$33,730,000	–	929,703	–	1.70%	–
DAL	New	DELTA AIR LINES INC DEL	$33,475,000	–	675,714	–	1.69%	–
GM	New	GENERAL MTRS CO	$32,140,000	–	815,734	–	1.62%	–
MSFT	New	MICROSOFT CORP	$30,183,000	–	306,085	–	1.53%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$28,693,000	–	326,842	–	1.45%	–
NTR	New	NUTRIEN LTD	$28,379,000	–	521,658	–	1.43%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$27,922,000	–	99	–	1.41%	–
OTEX	New	OPEN TEXT CORP	$26,747,000	–	759,955	–	1.35%	–
V	New	VISA INC	$26,643,000	–	201,157	–	1.35%	–
ECA	New	ENCANA CORP	$25,075,000	–	1,919,915	–	1.27%	–
NVS	New	NOVARTIS A Gsponsored adr	$19,463,000	–	257,655	–	0.98%	–
VET	New	VERMILION ENERGY INC	$18,297,000	–	507,352	–	0.92%	–
FWONK	New	LIBERTY MEDIA CORP DELAWARE	$15,729,000	–	423,608	–	0.80%	–
SC	New	SANTANDER CONSUMER USA HDG I	$14,438,000	–	756,287	–	0.73%	–
ASML	New	ASML HOLDING N V	$13,352,000	–	67,444	–	0.68%	–
DISCA	New	DISCOVERY INC	$11,373,000	–	413,568	–	0.58%	–
KW	New	KENNEDY-WILSON HLDGS INC	$7,680,000	–	363,110	–	0.39%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$7,663,000	–	91,253	–	0.39%	–
USFD	New	US FOODS HLDG CORP	$7,484,000	–	197,884	–	0.38%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,239,000	–	33,426	–	0.32%	–
CIGI	New	COLLIERS INTL GROUP INC	$5,342,000	–	70,211	–	0.27%	–
CNQ	New	CANADIAN NAT RES LTDput	$4,990,000	–	80,000	–	0.25%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$4,950,000	–	243,022	–	0.25%	–
LLL	New	L3 TECHNOLOGIES INC	$4,330,000	–	22,517	–	0.22%	–
BERY	New	BERRY GLOBAL GROUP INC	$4,326,000	–	94,171	–	0.22%	–
ENB	New	ENBRIDGE INC	$4,285,000	–	119,866	–	0.22%	–
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$4,179,000	–	109,360	–	0.21%	–
DLTR	New	DOLLAR TREE INC	$4,159,000	–	48,928	–	0.21%	–
VOYA	New	VOYA FINL INC	$4,058,000	–	86,350	–	0.20%	–
COT	New	COTT CORP QUE	$3,954,000	–	238,694	–	0.20%	–
PLNT	New	PLANET FITNESS INCcl a	$3,809,000	–	86,690	–	0.19%	–
FLIR	New	FLIR SYS INC	$3,568,000	–	68,661	–	0.18%	–
FANG	New	DIAMONDBACK ENERGY INC	$3,447,000	–	26,200	–	0.17%	–
ENB	New	ENBRIDGE INCput	$3,398,000	–	55,000	–	0.17%	–
BBU	New	BROOKFIELD BUSINESS PARTNERSunit ltd lp	$3,330,000	–	86,888	–	0.17%	–
ETFC	New	E TRADE FINANCIAL CORP	$3,215,000	–	52,566	–	0.16%	–
HUD	New	HUDSON LTD	$3,120,000	–	178,400	–	0.16%	–
USO	New	UNITED STATES OIL FUND LPput	$3,012,000	–	200,000	–	0.15%	–
NOC	New	NORTHROP GRUMMAN CORP	$2,956,000	–	9,608	–	0.15%	–
DVN	New	DEVON ENERGY CORP NEW	$2,923,000	–	66,495	–	0.15%	–
CPG	New	CRESCENT PT ENERGY CORP	$2,794,000	–	380,275	–	0.14%	–
CPE	New	CALLON PETE CO DEL	$2,791,000	–	259,840	–	0.14%	–
FNV	New	FRANCO NEVADA CORP	$2,795,000	–	38,290	–	0.14%	–
ALB	New	ALBEMARLE CORP	$2,718,000	–	28,810	–	0.14%	–
TRP	New	TRANSCANADA CORP	$2,621,000	–	60,569	–	0.13%	–
TER	New	TERADYNE INC	$2,569,000	–	67,484	–	0.13%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$2,392,000	–	108,360	–	0.12%	–
AEM	New	AGNICO EAGLE MINES LTD	$2,283,000	–	49,805	–	0.12%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$2,134,000	–	43,930	–	0.11%	–
XOM	New	EXXON MOBIL CORP	$2,068,000	–	25,000	–	0.10%	–
ECA	New	ENCANA CORPput	$1,715,000	–	100,000	–	0.09%	–
ADSK	New	AUTODESK INC	$1,584,000	–	12,085	–	0.08%	–
HUN	New	HUNTSMAN CORP	$1,411,000	–	48,320	–	0.07%	–
GOOS	New	CANADA GOOSE HOLDINGS INC	$1,265,000	–	21,500	–	0.06%	–
CNI	New	CANADIAN NATL RY CO	$1,247,000	–	15,242	–	0.06%	–
RGA	New	REINSURANCE GROUP AMER INC	$1,132,000	–	8,479	–	0.06%	–
BNO	New	UNITED STS BRENT OIL FD LPput	$1,109,000	–	50,000	–	0.06%	–
PVG	New	PRETIUM RES INC	$1,049,000	–	142,590	–	0.05%	–
AAPL	New	APPLE INC	$792,000	–	4,281	–	0.04%	–
BMO	New	BANK MONTREAL QUE	$577,000	–	7,463	–	0.03%	–
GOOG	New	ALPHABET INCcap stk cl c	$575,000	–	515	–	0.03%	–
KFS	New	KINGSWAY FINL SVCS INC	$550,000	–	200,000	–	0.03%	–
EFA	New	ISHARES TRmsci eafe etf	$470,000	–	7,015	–	0.02%	–
LGFA	New	LIONS GATE ENTMNT CORPcl a vtg	$426,000	–	17,176	–	0.02%	–
ROIC	New	RETAIL OPPORTUNITY INVTS COR	$402,000	–	21,000	–	0.02%	–
LGFB	New	LIONS GATE ENTMNT CORPcl b non vtg	$403,000	–	17,176	–	0.02%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$352,000	–	28,020	–	0.02%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$255,000	–	26,433	–	0.01%	–
IMO	New	IMPERIAL OIL LTD	$218,000	–	6,558	–	0.01%	–
PCOM	New	POINTS INTL LTD	$189,000	–	11,454	–	0.01%	–
CLS	New	CELESTICA INC	$175,000	–	14,700	–	0.01%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$143,000	–	14,070	–	0.01%	–
TRQ	New	TURQUOISE HILL RES LTD	$106,000	–	37,600	–	0.01%	–
HBM	New	HUDBAY MINERALS INC	$56,000	–	10,000	–	0.00%	–
BTX	New	BIOTIME INC	$21,000	–	10,000	–	0.00%	–
APDN	New	APPLIED DNA SCIENCES INC	$25,000	–	20,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
BTX	Exit	BIOTIME INC COMMON	$0	–	-11,800	–	-0.00%	–
LYG	Exit	LLOYDS TSB GROUP PLC SPONS ADRsponsored adr	$0	–	-13,400	–	-0.01%	–
APDN	Exit	APPLIED DNA SCIENCES INC	$0	–	-20,000	–	-0.01%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-10,320	–	-0.01%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-3,000	–	-0.02%	–
	Exit	POWERSHARES QQQ $128 PUT 12/15	$0	–	-6,000	–	-0.03%	–
	Exit	ISHARES RUSSELL 200 Jan/131 PO	$0	–	-3,000	–	-0.03%	–
GOOG	Exit	ALPHABET INC. CL 'C'cap stk cl c	$0	–	-374	–	-0.04%	–
AAPL	Exit	APPLE INC.	$0	–	-2,595	–	-0.04%	–
ROIC	Exit	RETAIL OPPORTUNITY INVESTMENT	$0	–	-21,000	–	-0.04%	–
LGFB	Exit	LIONS GATE ENTERTAINMENT-Bcl b non vtg	$0	–	-15,196	–	-0.05%	–
KAACU	Exit	KAYNE ANDERSON A	$0	–	-48,560	–	-0.05%	–
SC	Exit	SANTANDER CONSUMER USA HOLDI	$0	–	-32,311	–	-0.05%	–
LGFA	Exit	LIONS GATE ENTERTAINMENT-Acl a vtg	$0	–	-15,196	–	-0.05%	–
	Exit	QQQ US 12/17 P132.00	$0	–	-9,000	–	-0.07%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC.	$0	–	-38,090	–	-0.08%	–
CDEV	Exit	CENTENNIAL RES-Acl a	$0	–	-51,590	–	-0.10%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA A	$0	–	-8,479	–	-0.12%	–
KFS	Exit	KINGSWAY FINANCIAL SERVICES	$0	–	-200,000	–	-0.13%	–
C	Exit	CITIGROUP INC.	$0	–	-16,839	–	-0.13%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-13,150	–	-0.13%	–
DVN	Exit	DEVON ENERGY CORPORATION	$0	–	-40,210	–	-0.15%	–
CMCSA	Exit	COMCAST CORPORATION 'A'cl a	$0	–	-43,901	–	-0.17%	–
PLAY	Exit	DAVE & BUSTER'S ENTERTAINMEN	$0	–	-37,470	–	-0.20%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-25,000	–	-0.21%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$0	–	-17,157	–	-0.21%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-68,278	–	-0.24%	–
ALLY	Exit	ALLY FINANCIAL I	$0	–	-99,670	–	-0.25%	–
KW	Exit	KENNEDY-WILSON HOLDINGS INC.	$0	–	-133,873	–	-0.26%	–
FWONK	Exit	LIBERTY MEDIA CORP-LIBERTY-C	$0	–	-67,060	–	-0.26%	–
ECL	Exit	ECOLAB INC.	$0	–	-21,318	–	-0.28%	–
BEL	Exit	BELMOND LTD-Acl a	$0	–	-248,790	–	-0.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC. CL Bcl b new	$0	–	-23,752	–	-0.45%	–
FMX	Exit	FOMENTO ECON-ADRspon adr units	$0	–	-88,580	–	-0.87%	–
TTE	Exit	TOTAL SA SPON ADRsponsored adr	$0	–	-200,150	–	-1.10%	–
JCI	Exit	JOHNSON CONTROLS INC.	$0	–	-266,301	–	-1.10%	–
DEO	Exit	DIAGEO PLC-SPONS ADRspon adr new	$0	–	-92,500	–	-1.26%	–
LUMN	Exit	CENTURYLINK INC.	$0	–	-690,061	–	-1.34%	–
GLOB	Exit	GLOBANT SA	$0	–	-363,794	–	-1.50%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURITY	$0	–	-219,627	–	-1.52%	–
HTH	Exit	HILLTOP HOLDINGS	$0	–	-579,960	–	-1.55%	–
MHK	Exit	MOHAWK INDUSTRIES INC.	$0	–	-68,188	–	-1.74%	–
FTNT	Exit	FORTINET INC	$0	–	-550,739	–	-2.03%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-199,812	–	-2.16%	–
GGP	Exit	GENERAL GROWTH PROPERTIES	$0	–	-1,012,543	–	-2.16%	–
NVS	Exit	NOVARTIS AG-ADRsponsored adr	$0	–	-256,515	–	-2.27%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-195,578	–	-2.28%	–
PFE	Exit	PFIZER INC.	$0	–	-706,967	–	-2.60%	–
TOL	Exit	TOLL BROTHERS INC.	$0	–	-665,060	–	-2.84%	–
BX	Exit	THE BLACKSTONE GROUP LP	$0	–	-846,110	–	-2.90%	–
MA	Exit	MASTERCARD INC-CLASS Acl a	$0	–	-205,231	–	-2.98%	–
SYF	Exit	SYNCHRONY FINANC	$0	–	-945,663	–	-3.02%	–
GOOGL	Exit	ALPHABET INC. CL 'A'cap stk cl a	$0	–	-30,365	–	-3.04%	–
STAY	Exit	EXTENDED STAY AMERICA INC.unit 99/99/9999b	$0	–	-1,491,315	–	-3.07%	–
SBUX	Exit	STARBUCKS CORP.	$0	–	-562,406	–	-3.11%	–
KSU	Exit	KANSAS CITY SOUTHERN INDS.	$0	–	-282,153	–	-3.16%	–
GM	Exit	GENERAL MOTORS CO.	$0	–	-760,013	–	-3.16%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. Acl a	$0	–	-117	–	-3.31%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS INC.	$0	–	-636,140	–	-3.49%	–
HD	Exit	HOME DEPOT INC.	$0	–	-240,734	–	-4.05%	–
CHTR	Exit	CHARTER COMMUNICATION - Acl a	$0	–	-111,154	–	-4.16%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-882,476	–	-4.39%	–
CVS	Exit	CVS HEALTH CORP.	$0	–	-530,404	–	-4.44%	–
BAC	Exit	BANK OF AMERICA CORP.	$0	–	-1,956,850	–	-5.10%	–
JPM	Exit	JP MORGAN CHASE & CO.	$0	–	-552,320	–	-5.43%	–
MSGS	Exit	MADISON SQUARE GARDEN CO A NEWcl a	$0	–	-392,667	–	-8.65%	–

Q3 2017

			Value		Shares		↓ Weighting
MSGS	Sell	MADISON SQUARE GARDEN CO A NEWcl a	$84,070,000	+7.5%	392,667	-1.1%	8.65%	+20.9%
JPM	Buy	JP MORGAN CHASE & CO.	$52,752,000	+11.5%	552,320	+6.7%	5.43%	+25.4%
BAC	Buy	BANK OF AMERICA CORP.	$49,587,000	+52.4%	1,956,850	+45.9%	5.10%	+71.4%
CVS	Buy	CVS HEALTH CORP.	$43,133,000	+41.1%	530,404	+39.6%	4.44%	+58.7%
ORCL	Sell	ORACLE CORPORATION	$42,668,000	-3.8%	882,476	-0.3%	4.39%	+8.2%
CHTR	Buy	CHARTER COMMUNICATION - Acl a	$40,396,000	+292.3%	111,154	+263.6%	4.16%	+341.3%
HD	Sell	HOME DEPOT INC.	$39,375,000	-1.5%	240,734	-7.6%	4.05%	+10.8%
LVLT	Sell	LEVEL 3 COMMUNICATIONS INC.	$33,900,000	-12.3%	636,140	-2.4%	3.49%	-1.3%
BRKA	New	BERKSHIRE HATHAWAY CL. Acl a	$32,145,000	–	117	–	3.31%	–
GM	Sell	GENERAL MOTORS CO.	$30,689,000	-6.3%	760,013	-18.9%	3.16%	+5.4%
KSU	Sell	KANSAS CITY SOUTHERN INDS.	$30,664,000	-5.0%	282,153	-8.5%	3.16%	+6.9%
SBUX	Sell	STARBUCKS CORP.	$30,207,000	-10.6%	562,406	-2.9%	3.11%	+0.6%
STAY	Buy	EXTENDED STAY AMERICA INC.unit 99/99/9999b	$29,826,000	+7.0%	1,491,315	+3.6%	3.07%	+20.4%
GOOGL	Buy	ALPHABET INC. CL 'A'cap stk cl a	$29,567,000	+61.3%	30,365	+54.0%	3.04%	+81.5%
SYF	Buy	SYNCHRONY FINANC	$29,363,000	+40.0%	945,663	+34.4%	3.02%	+57.4%
MA	Sell	MASTERCARD INC-CLASS Acl a	$28,979,000	+13.1%	205,231	-2.7%	2.98%	+27.2%
BX	Sell	THE BLACKSTONE GROUP LP	$28,235,000	-3.1%	846,110	-3.2%	2.90%	+9.0%
TOL	Sell	TOLL BROTHERS INC.	$27,580,000	+4.9%	665,060	-0.0%	2.84%	+18.1%
PFE	Sell	PFIZER INC.	$25,239,000	-4.0%	706,967	-9.6%	2.60%	+8.0%
NXPI	Sell	NXP SEMICONDUCTORS NV	$22,118,000	-26.6%	195,578	-29.0%	2.28%	-17.5%
NVS	Buy	NOVARTIS AG-ADRsponsored adr	$22,022,000	+2.9%	256,515	+0.1%	2.27%	+15.8%
V	Sell	VISA INC-CLASS A SHARES	$21,028,000	+9.0%	199,812	-2.9%	2.16%	+22.6%
GGP	Sell	GENERAL GROWTH PROPERTIES	$21,031,000	-14.4%	1,012,543	-2.9%	2.16%	-3.7%
FTNT	Buy	FORTINET INC	$19,739,000	+81.7%	550,739	+89.8%	2.03%	+104.3%
MHK	Sell	MOHAWK INDUSTRIES INC.	$16,877,000	-0.7%	68,188	-3.1%	1.74%	+11.7%
HTH	New	HILLTOP HOLDINGS	$15,079,000	–	579,960	–	1.55%	–
FBHS	Sell	FORTUNE BRANDS HOME & SECURITY	$14,766,000	-0.2%	219,627	-3.2%	1.52%	+12.3%
GLOB	Buy	GLOBANT SA	$14,577,000	+42.8%	363,794	+54.8%	1.50%	+60.6%
LUMN	Sell	CENTURYLINK INC.	$13,042,000	-23.1%	690,061	-2.9%	1.34%	-13.5%
JCI	Sell	JOHNSON CONTROLS INC.	$10,729,000	-10.3%	266,301	-3.5%	1.10%	+0.9%
FMX	Buy	FOMENTO ECON-ADRspon adr units	$8,462,000	-0.1%	88,580	+2.9%	0.87%	+12.5%
BRKB	Buy	BERKSHIRE HATHAWAY INC. CL Bcl b new	$4,354,000	+1045.8%	23,752	+958.0%	0.45%	+1180.0%
BEL	Buy	BELMOND LTD-Acl a	$3,396,000	+43.0%	248,790	+39.4%	0.35%	+60.8%
FWONK	New	LIBERTY MEDIA CORP-LIBERTY-C	$2,554,000	–	67,060	–	0.26%	–
KW	New	KENNEDY-WILSON HOLDINGS INC.	$2,483,000	–	133,873	–	0.26%	–
RSPP	Buy	RSP PERMIAN INC	$2,362,000	+1024.8%	68,278	+950.4%	0.24%	+1178.9%
XOM	Sell	EXXON MOBIL CORPORATION	$2,050,000	+0.6%	25,000	-1.0%	0.21%	+13.4%
PLAY	New	DAVE & BUSTER'S ENTERTAINMEN	$1,966,000	–	37,470	–	0.20%	–
CMCSA	Sell	COMCAST CORPORATION 'A'cl a	$1,689,000	-92.3%	43,901	-92.2%	0.17%	-91.3%
DVN	Buy	DEVON ENERGY CORPORATION	$1,476,000	+410.7%	40,210	+344.8%	0.15%	+484.6%
FANG	Buy	DIAMONDBACK ENERGY INC	$1,288,000	+254.8%	13,150	+221.5%	0.13%	+303.0%
C	Sell	CITIGROUP INC.	$1,225,000	+8.6%	16,839	-0.1%	0.13%	+22.3%
CDEV	New	CENTENNIAL RES-Acl a	$927,000	–	51,590	–	0.10%	–
PTEN	Buy	PATTERSON-UTI ENERGY INC.	$798,000	+236.7%	38,090	+224.4%	0.08%	+272.7%
	New	QQQ US 12/17 P132.00	$693,000	–	9,000	–	0.07%	–
SC	New	SANTANDER CONSUMER USA HOLDI	$497,000	–	32,311	–	0.05%	–
KAACU	Sell	KAYNE ANDERSON A	$487,000	-94.0%	48,560	-94.0%	0.05%	-93.2%
AAPL	Sell	APPLE INC.	$400,000	-39.0%	2,595	-43.0%	0.04%	-31.7%
GOOG	Sell	ALPHABET INC. CL 'C'cap stk cl c	$359,000	+5.3%	374	-0.3%	0.04%	+19.4%
	New	ISHARES RUSSELL 200 Jan/131 PO	$314,000	–	3,000	–	0.03%	–
	New	POWERSHARES QQQ $128 PUT 12/15	$306,000	–	6,000	–	0.03%	–
MSFT	Sell	MICROSOFT CORPORATION	$224,000	-0.4%	3,000	-8.2%	0.02%	+9.5%
SRUNU	Exit	SILVER RUN ACQUIunit 99/99/9999	$0	–	-14,910	–	-0.02%	–
TIP	Exit	ISHARES TIPS BOND ETF	$0	–	-1,580	–	-0.02%	–
JNJ	Exit	JOHNSON & JOHNSONcl a vtg	$0	–	-1,345	–	-0.02%	–
FNV	Exit	FRANCO - NEVADA CORP	$0	–	-2,420	–	-0.02%	–
VTV	Exit	VANGUARD VAL ETFvalue etf	$0	–	-1,800	–	-0.02%	–
TSLA	Exit	TESLA INC.	$0	–	-510	–	-0.02%	–
FMCIU	Exit	FORUM MERGER CORunit 06/01/2024	$0	–	-50,000	–	-0.05%	–
	Exit	SYNERON MEDICAL	$0	–	-56,970	–	-0.06%	–
SPLS	Exit	STAPLES INC	$0	–	-124,790	–	-0.12%	–
AOBC	Exit	AMERICAN OUTDOOR	$0	–	-64,000	–	-0.13%	–
WFM	Exit	WHOLE FOODS MARKET INC.	$0	–	-38,621	–	-0.15%	–
AF	Exit	ASTORIA FINANCIAL CORP	$0	–	-90,445	–	-0.17%	–
OB	Exit	ONEBEACON INS-A	$0	–	-130,594	–	-0.22%	–
BCR	Exit	C.R. BARD INC.	$0	–	-7,640	–	-0.22%	–
FIG	Exit	FORTRESS INVESTMENT GROUP 'A'	$0	–	-356,330	–	-0.26%	–
PRXL	Exit	PAREXEL INTL	$0	–	-41,940	–	-0.33%	–
FCFP	Exit	FIRST COMMUNITYcl a	$0	–	-352,356	–	-0.42%	–
VEACU	Exit	VANTAGE ENERGY ACQUISITION Cunit 04/12/2024	$0	–	-500,000	–	-0.46%	–
KBLMU	Exit	KBL MERGER CORP IVunit 01/15/2024	$0	–	-500,000	–	-0.47%	–
FCH	Exit	FELCOR LODGING	$0	–	-750,846	–	-0.50%	–
DFT	Exit	DUPONT FABROS TECHNOLOGY	$0	–	-95,460	–	-0.53%	–
LMOS	Exit	LUMOS NETWORKS C	$0	–	-328,026	–	-0.54%	–
WOOF	Exit	VCA ANTECH INC.	$0	–	-63,791	–	-0.54%	–
AKRXQ	Exit	AKORN INC	$0	–	-180,090	–	-0.55%	–
FRP	Exit	FAIRPOINT COMMUNICATION INC	$0	–	-467,514	–	-0.67%	–
PNRA	Exit	PANERA BREAD COMPANY 'A'unit	$0	–	-24,040	–	-0.69%	–
ATW	Exit	ATWOOD OCEANICS	$0	–	-965,336	–	-0.72%	–
NSR	Exit	NEUSTAR INC-CLASS A	$0	–	-249,680	–	-0.76%	–
OKS	Exit	ONEOK PARTNERS LPunit ltd partn	$0	–	-167,129	–	-0.78%	–
HEIA	Exit	HEICO CORP- CLASS Acl a	$0	–	-150,800	–	-0.86%	–
RYAAY	Exit	RYANAIR HLDGS PLC-SP ADRgold miners etf	$0	–	-87,383	–	-0.86%	–
STRP	Exit	STRAIGHT PATH-B	$0	–	-53,670	–	-0.88%	–
FIT	Exit	FITBIT INC - A	$0	–	-1,840,311	–	-0.89%	–
MBBYF	Exit	MOBILEYE NVcl a non vtg	$0	–	-173,370	–	-1.00%	–
KATE	Exit	KATE SPADE & CO	$0	–	-655,660	–	-1.11%	–
SWFT	Exit	SWIFT TRANSPORTAcl a	$0	–	-568,570	–	-1.38%	–
AGN	Exit	ALLERGAN PLC	$0	–	-103,681	–	-2.30%	–
RAI	Exit	REYNOLDS AMERICAN INC.	$0	–	-586,358	–	-3.49%	–

Q2 2017

			Value		Shares		↓ Weighting
MSGS	New	MADISON SQUARE GARDEN CO A NEWcl a non vtg	$78,195,000	–	397,128	–	7.15%	–
JPM	New	JP MORGAN CHASE & CO.sponsored adr	$47,304,000	–	517,547	–	4.33%	–
ORCL	New	ORACLE CORPORATION	$44,375,000	–	885,020	–	4.06%	–
HD	New	HOME DEPOT INC.cl a	$39,981,000	–	260,632	–	3.66%	–
LVLT	New	LEVEL 3 COMMUNICATIONS INC.	$38,636,000	–	651,535	–	3.53%	–
RAI	New	REYNOLDS AMERICAN INC.	$38,137,000	–	586,358	–	3.49%	–
SBUX	New	STARBUCKS CORP.	$33,783,000	–	579,370	–	3.09%	–
GM	New	GENERAL MOTORS CO.	$32,753,000	–	937,667	–	3.00%	–
BAC	New	BANK OF AMERICA CORP.cl b	$32,547,000	–	1,341,592	–	2.98%	–
KSU	New	KANSAS CITY SOUTHERN INDS.	$32,269,000	–	308,349	–	2.95%	–
CVS	New	CVS HEALTH CORP.	$30,566,000	–	379,887	–	2.80%	–
NXPI	New	NXP SEMICONDUCTORS NVcl a	$30,154,000	–	275,504	–	2.76%	–
BX	New	THE BLACKSTONE GROUP LP	$29,150,000	–	874,069	–	2.67%	–
STAY	New	EXTENDED STAY AMERICA INC.	$27,877,000	–	1,439,903	–	2.55%	–
PFE	New	PFIZER INC.cl a	$26,282,000	–	782,420	–	2.40%	–
TOL	New	TOLL BROTHERS INC.	$26,289,000	–	665,362	–	2.40%	–
MA	New	MASTERCARD INC-CLASS A	$25,629,000	–	211,026	–	2.34%	–
AGN	New	ALLERGAN PLC	$25,204,000	–	103,681	–	2.30%	–
GGP	New	GENERAL GROWTH PROPERTIES	$24,573,000	–	1,043,014	–	2.25%	–
CMCSA	New	COMCAST CORPORATION 'A'cl a	$21,854,000	–	561,515	–	2.00%	–
NVS	New	NOVARTIS AG-ADR	$21,399,000	–	256,370	–	1.96%	–
SYF	New	SYNCHRONY FINANC	$20,980,000	–	703,542	–	1.92%	–
V	New	VISA INC-CLASS A SHARES	$19,298,000	–	205,783	–	1.76%	–
GOOGL	New	ALPHABET INC. CL 'A'sponsored adr	$18,329,000	–	19,715	–	1.68%	–
MHK	New	MOHAWK INDUSTRIES INC.	$17,003,000	–	70,351	–	1.56%	–
LUMN	New	CENTURYLINK INC.cl a	$16,965,000	–	710,408	–	1.55%	–
SWFT	New	SWIFT TRANSPORTAcl a	$15,067,000	–	568,570	–	1.38%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY	$14,798,000	–	226,825	–	1.35%	–
KATE	New	KATE SPADE & CO	$12,123,000	–	655,660	–	1.11%	–
JCI	New	JOHNSON CONTROLS INC.	$11,966,000	–	275,961	–	1.09%	–
DEO	New	DIAGEO PLC-SPONS ADRcl a	$11,084,000	–	92,500	–	1.01%	–
MBBYF	New	MOBILEYE NVcl a non vtg	$10,888,000	–	173,370	–	1.00%	–
FTNT	New	FORTINET INC	$10,866,000	–	290,230	–	0.99%	–
CHTR	New	CHARTER COMMUNICATION - Acl a	$10,298,000	–	30,570	–	0.94%	–
GLOB	New	GLOBANT SA	$10,208,000	–	235,000	–	0.93%	–
TTE	New	TOTAL SA SPON ADRsponsored adr	$9,925,000	–	200,150	–	0.91%	–
FIT	New	FITBIT INC - A	$9,772,000	–	1,840,311	–	0.89%	–
STRP	New	STRAIGHT PATH-B	$9,642,000	–	53,670	–	0.88%	–
RYAAY	New	RYANAIR HLDGS PLC-SP ADRgold miners etf	$9,403,000	–	87,383	–	0.86%	–
HEIA	New	HEICO CORP- CLASS Acl a	$9,357,000	–	150,800	–	0.86%	–
OKS	New	ONEOK PARTNERS LPunit ltd partn	$8,587,000	–	167,129	–	0.78%	–
FMX	New	FOMENTO ECON-ADR	$8,467,000	–	86,100	–	0.77%	–
NSR	New	NEUSTAR INC-CLASS A	$8,327,000	–	249,680	–	0.76%	–
KAACU	New	KAYNE ANDERSON A	$8,095,000	–	808,300	–	0.74%	–
ATW	New	ATWOOD OCEANICS	$7,868,000	–	965,336	–	0.72%	–
PNRA	New	PANERA BREAD COMPANY 'A'unit	$7,564,000	–	24,040	–	0.69%	–
FRP	New	FAIRPOINT COMMUNICATION INC	$7,327,000	–	467,514	–	0.67%	–
AKRXQ	New	AKORN INC	$6,040,000	–	180,090	–	0.55%	–
WOOF	New	VCA ANTECH INC.	$5,889,000	–	63,791	–	0.54%	–
LMOS	New	LUMOS NETWORKS C	$5,862,000	–	328,026	–	0.54%	–
DFT	New	DUPONT FABROS TECHNOLOGY	$5,838,000	–	95,460	–	0.53%	–
FCH	New	FELCOR LODGING	$5,414,000	–	750,846	–	0.50%	–
KBLMU	New	KBL MERGER CORP IVunit 01/15/2024	$5,100,000	–	500,000	–	0.47%	–
VEACU	New	VANTAGE ENERGY ACQUISITION Cunit 04/12/2024	$5,065,000	–	500,000	–	0.46%	–
FCFP	New	FIRST COMMUNITYcl a	$4,567,000	–	352,356	–	0.42%	–
PRXL	New	PAREXEL INTL	$3,645,000	–	41,940	–	0.33%	–
FIG	New	FORTRESS INVESTMENT GROUP 'A'	$2,847,000	–	356,330	–	0.26%	–
ECL	New	ECOLAB INC.	$2,830,000	–	21,318	–	0.26%	–
BCR	New	C.R. BARD INC.	$2,415,000	–	7,640	–	0.22%	–
OB	New	ONEBEACON INS-A	$2,381,000	–	130,594	–	0.22%	–
BEL	New	BELMOND LTD-Acl a	$2,374,000	–	178,480	–	0.22%	–
ALLY	New	ALLY FINANCIAL Icap stk cl c	$2,083,000	–	99,670	–	0.19%	–
XOM	New	EXXON MOBIL CORPORATIONcl a	$2,038,000	–	25,250	–	0.19%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADR	$1,893,000	–	17,157	–	0.17%	–
AF	New	ASTORIA FINANCIAL CORP	$1,823,000	–	90,445	–	0.17%	–
WFM	New	WHOLE FOODS MARKET INC.	$1,626,000	–	38,621	–	0.15%	–
AOBC	New	AMERICAN OUTDOOR	$1,418,000	–	64,000	–	0.13%	–
SPLS	New	STAPLES INC	$1,257,000	–	124,790	–	0.12%	–
KFS	New	KINGSWAY FINANCIAL SERVICES	$1,210,000	–	200,000	–	0.11%	–
C	New	CITIGROUP INC.	$1,128,000	–	16,858	–	0.10%	–
RGA	New	REINSURANCE GROUP OF AMERICA A	$1,089,000	–	8,479	–	0.10%	–
AAPL	New	APPLE INC.	$656,000	–	4,552	–	0.06%	–
	New	SYNERON MEDICAL	$624,000	–	56,970	–	0.06%	–
FMCIU	New	FORUM MERGER CORunit 06/01/2024	$510,000	–	50,000	–	0.05%	–
LGFA	New	LIONS GATE ENTERTAINMENT-A	$429,000	–	15,196	–	0.04%	–
ROIC	New	RETAIL OPPORTUNITY INVESTMENT	$403,000	–	21,000	–	0.04%	–
LGFB	New	LIONS GATE ENTERTAINMENT-Bcl a	$399,000	–	15,196	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY INC. CL B	$380,000	–	2,245	–	0.04%	–
FANG	New	DIAMONDBACK ENERGY INC	$363,000	–	4,090	–	0.03%	–
GOOG	New	ALPHABET INC. CL 'C'	$341,000	–	375	–	0.03%	–
DVN	New	DEVON ENERGY CORPORATION	$289,000	–	9,040	–	0.03%	–
PTEN	New	PATTERSON-UTI ENERGY INC.	$237,000	–	11,740	–	0.02%	–
MSFT	New	MICROSOFT CORPORATIONcl a	$225,000	–	3,267	–	0.02%	–
RSPP	New	RSP PERMIAN INC	$210,000	–	6,500	–	0.02%	–
TSLA	New	TESLA INC.	$184,000	–	510	–	0.02%	–
TIP	New	ISHARES TIPS BOND ETF	$179,000	–	1,580	–	0.02%	–
VTV	New	VANGUARD VAL ETFvalue etf	$174,000	–	1,800	–	0.02%	–
FNV	New	FRANCO - NEVADA CORP	$175,000	–	2,420	–	0.02%	–
JNJ	New	JOHNSON & JOHNSONcl a vtg	$178,000	–	1,345	–	0.02%	–
SRUNU	New	SILVER RUN ACQUIunit 99/99/9999	$160,000	–	14,910	–	0.02%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUST	$105,000	–	10,320	–	0.01%	–
LYG	New	LLOYDS TSB GROUP PLC SPONS ADRsponsored adr	$47,000	–	13,400	–	0.00%	–
BTX	New	BIOTIME INC COMMON	$37,000	–	11,800	–	0.00%	–
APDN	New	APPLIED DNA SCIENCES INC	$35,000	–	20,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
BTX	Exit	BIOTIME INC COMMON	$0	–	-11,800	–	-0.00%	–
APDN	Exit	APPLIED DNA SCIENCES INC	$0	–	-20,000	–	-0.01%	–
EPIQ	Exit	EPIQ SYSTEMS INC	$0	–	-10,800	–	-0.02%	–
CEF	Exit	CENTRAL FUND OF CDA CL A NVTGcl a	$0	–	-16,090	–	-0.02%	–
	Exit	SPDR GOLD TRUST $120 PUT 01/20	$0	–	-2,000	–	-0.03%	–
LGF	Exit	LIONS GATE ENTERTAINMENT CORP.	$0	–	-15,094	–	-0.03%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC. CL Bcl b new	$0	–	-2,245	–	-0.03%	–
BHI	Exit	BAKER HUGHES INCORPORATED	$0	–	-6,620	–	-0.03%	–
DVN	Exit	DEVON ENERGY CORPORATION	$0	–	-8,010	–	-0.03%	–
BLOX	Exit	INFOBLOX INC	$0	–	-15,000	–	-0.04%	–
BX	Exit	THE BLACKSTONE GROUP LP	$0	–	-17,220	–	-0.04%	–
ROIC	Exit	RETAIL OPPORTUNITY INVESTMENT	$0	–	-21,000	–	-0.04%	–
AFCO	Exit	AMERICAN FARMLAN	$0	–	-72,183	–	-0.05%	–
DIS	Exit	WALT DISNEY CO.	$0	–	-6,396	–	-0.06%	–
DTSI	Exit	DTS INC	$0	–	-15,000	–	-0.06%	–
APIC	Exit	APIGEE CORP	$0	–	-38,600	–	-0.06%	–
STRZA	Exit	STARZ - A	$0	–	-22,550	–	-0.06%	–
IMS	Exit	IMS HEALTH HOLDINGS INC	$0	–	-24,970	–	-0.07%	–
	Exit	JUNIPER NETWORKS INC. $ 26 CAL	$0	–	-10,000	–	-0.08%	–
	Exit	HOME DEPOT INC $130 CALL 01/20	$0	–	-2,000	–	-0.08%	–
	Exit	ALLERGAN PLC. OPRA $240 CALL 0	$0	–	-800	–	-0.08%	–
WCIC	Exit	WCI COMMUNITIES INC	$0	–	-38,224	–	-0.08%	–
PGND	Exit	PRESS GANEY HOLD	$0	–	-23,100	–	-0.09%	–
	Exit	WALGREENS BOOTS $82.5 CALL 01/	$0	–	-3,000	–	-0.09%	–
KFS	Exit	KINGSWAY FINANCIAL SERVICES	$0	–	-200,000	–	-0.11%	–
ISLE	Exit	ISLE OF CAPRI CASINOS INC.	$0	–	-61,012	–	-0.13%	–
LXK	Exit	LEXMARK INTL. GROUP INC. 'A'cl a	$0	–	-37,640	–	-0.14%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA A	$0	–	-16,879	–	-0.17%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-56,255	–	-0.17%	–
VLO	Exit	VALERO ENERGY CORP.	$0	–	-43,350	–	-0.21%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$0	–	-18,104	–	-0.22%	–
DOOR	Exit	MASONITE INTL CORP	$0	–	-40,280	–	-0.23%	–
BATS	Exit	BATS GLOBAL MARK	$0	–	-85,351	–	-0.24%	–
ECL	Exit	ECOLAB INC.	$0	–	-21,563	–	-0.24%	–
STJ	Exit	ST. JUDE MEDICAL INC.	$0	–	-34,070	–	-0.25%	–
CPHD	Exit	CEPHEID	$0	–	-51,740	–	-0.25%	–
EXPE	Exit	EXPEDIA INC.	$0	–	-26,950	–	-0.29%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-36,180	–	-0.32%	–
DAL	Exit	DELTA AIR LINES INC.	$0	–	-96,000	–	-0.35%	–
JOY	Exit	JOY GLOBAL INC	$0	–	-164,541	–	-0.42%	–
JCI	Exit	JOHNSON CONTROLS INTL IE	$0	–	-98,616	–	-0.42%	–
SWK	Exit	STANLEY BLACK & DECKER INC.	$0	–	-44,680	–	-0.51%	–
ISIL	Exit	INTERSIL CORP.-CL Acl a	$0	–	-300,980	–	-0.61%	–
VAL	Exit	VALSPAR CORP	$0	–	-62,400	–	-0.61%	–
DEO	Exit	DIAGEO PLC-SPONS ADRspon adr new	$0	–	-58,300	–	-0.62%	–
OAK	Exit	OAKTREE CAPITAL GROUP LLCunit cl a	$0	–	-160,064	–	-0.63%	–
AAPL	Exit	APPLE INC.	$0	–	-62,780	–	-0.66%	–
NVO	Exit	NOVO NORDISK A/S ADRadr	$0	–	-183,250	–	-0.70%	–
TJX	Exit	TJX COMPANIES INC.	$0	–	-106,160	–	-0.73%	–
COT	Exit	COTT CORPORATION	$0	–	-575,962	–	-0.76%	–
NVS	Exit	NOVARTIS AG-ADRsponsored adr	$0	–	-107,870	–	-0.79%	–
TTE	Exit	TOTAL SA SPON ADRsponsored adr	$0	–	-183,850	–	-0.81%	–
FMX	Exit	FOMENTO ECON-ADRspon adr units	$0	–	-97,100	–	-0.82%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-67,030	–	-0.84%	–
HEIA	Exit	HEICO CORP- CLASS Acl a	$0	–	-172,820	–	-0.97%	–
GOOGL	Exit	ALPHABET INC. CL 'A'cap stk cl a	$0	–	-13,734	–	-1.02%	–
CXO	Exit	CONCHO RESOURCES INC.	$0	–	-81,060	–	-1.03%	–
RH	Exit	RESTORATION HARDWARE	$0	–	-369,280	–	-1.18%	–
GOOG	Exit	ALPHABET INC. CL 'C'cap stk cl c	$0	–	-16,552	–	-1.19%	–
AVGO	Exit	BROADCOM LTD	$0	–	-78,250	–	-1.25%	–
MO	Exit	ALTRIA GROUP INC.	$0	–	-263,117	–	-1.54%	–
KSU	Exit	KANSAS CITY SOUTHERN INDS.	$0	–	-186,240	–	-1.60%	–
RYAAY	Exit	RYANAIR HLDGS PLC-SP ADRsponsored adr	$0	–	-267,394	–	-1.85%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-244,340	–	-1.97%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-238,870	–	-2.11%	–
SYF	Exit	SYNCHRONY FINANC	$0	–	-839,654	–	-2.17%	–
DD	Exit	DUPONT (E.I.) DE NEMOURS	$0	–	-356,060	–	-2.20%	–
AGN	Exit	ALLERGAN PLC	$0	–	-104,711	–	-2.23%	–
GM	Exit	GENERAL MOTORS CO.	$0	–	-797,525	–	-2.34%	–
PFE	Exit	PFIZER INC.	$0	–	-756,710	–	-2.37%	–
IBM	Exit	INT'L BUSINESS MACHINES	$0	–	-162,210	–	-2.38%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-674,288	–	-2.45%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-305,476	–	-2.53%	–
RAI	Exit	REYNOLDS AMERICAN INC.	$0	–	-594,900	–	-2.59%	–
MA	Exit	MASTERCARD INC-CLASS Acl a	$0	–	-278,706	–	-2.62%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-351,460	–	-2.68%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC.	$0	–	-363,750	–	-2.71%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS INC.	$0	–	-687,402	–	-2.94%	–
LNKD	Exit	LINKEDIN CORP - A	$0	–	-167,910	–	-2.96%	–
CBS	Exit	CBS CORPORATION CLASS Bcl b	$0	–	-587,445	–	-2.97%	–
CMCSA	Exit	COMCAST CORPORATION 'A'cl a	$0	–	-494,187	–	-3.03%	–
PEP	Exit	PEPSICO INC.	$0	–	-346,504	–	-3.48%	–
GS	Exit	GOLDMAN SACHS GROUP INC.	$0	–	-270,785	–	-4.03%	–
HD	Exit	HOME DEPOT INC.	$0	–	-379,485	–	-4.51%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-433,780	–	-5.03%	–
JPM	Exit	JP MORGAN CHASE & CO.	$0	–	-863,008	–	-5.31%	–
MSGS	Exit	MADISON SQUARE GARDEN CO A NEWcl a	$0	–	-404,216	–	-6.32%	–

Q3 2016

			Value		Shares		↓ Weighting
MSGS	Sell	MADISON SQUARE GARDEN CO A NEWcl a	$66,981,000	-8.9%	404,216	-5.1%	6.32%	-0.6%
JPM	Sell	JP MORGAN CHASE & CO.	$56,211,000	-1.7%	863,008	-6.2%	5.31%	+7.2%
GLD	Buy	SPDR GOLD TRUST	$53,308,000	+47.4%	433,780	+51.7%	5.03%	+60.7%
HD	Buy	HOME DEPOT INC.	$47,764,000	+196.7%	379,485	+201.0%	4.51%	+223.5%
GS	Sell	GOLDMAN SACHS GROUP INC.	$42,714,000	-2.3%	270,785	-7.9%	4.03%	+6.6%
PEP	Buy	PEPSICO INC.	$36,865,000	+69.5%	346,504	+68.8%	3.48%	+84.9%
CMCSA	Sell	COMCAST CORPORATION 'A'cl a	$32,067,000	-22.0%	494,187	-21.6%	3.03%	-14.9%
CBS	Buy	CBS CORPORATION CLASS Bcl b	$31,454,000	+29.7%	587,445	+31.9%	2.97%	+41.4%
LNKD	Buy	LINKEDIN CORP - A	$31,389,000	+3.0%	167,910	+4.3%	2.96%	+12.4%
LVLT	Buy	LEVEL 3 COMMUNICATIONS INC.	$31,184,000	-1.6%	687,402	+11.7%	2.94%	+7.3%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC.	$28,684,000	+8.3%	363,750	+14.3%	2.71%	+18.0%
V	Buy	VISA INC-CLASS A SHARES	$28,430,000	+31.0%	351,460	+20.1%	2.68%	+42.8%
MA	Sell	MASTERCARD INC-CLASS Acl a	$27,744,000	-21.9%	278,706	-30.9%	2.62%	-14.8%
RAI	Buy	REYNOLDS AMERICAN INC.	$27,436,000	+7.4%	594,900	+25.6%	2.59%	+17.0%
PG	Sell	PROCTER & GAMBLE COMPANY	$26,817,000	-28.5%	305,476	-31.1%	2.53%	-22.1%
ORCL	Sell	ORACLE CORPORATION	$25,907,000	-27.1%	674,288	-22.4%	2.45%	-20.6%
IBM	New	INT'L BUSINESS MACHINES	$25,204,000	–	162,210	–	2.38%	–
PFE	New	PFIZER INC.	$25,069,000	–	756,710	–	2.37%	–
GM	Sell	GENERAL MOTORS CO.	$24,783,000	+8.5%	797,525	-1.2%	2.34%	+18.4%
AGN	Sell	ALLERGAN PLC	$23,589,000	-5.1%	104,711	-2.6%	2.23%	+3.5%
DD	New	DUPONT (E.I.) DE NEMOURS	$23,324,000	–	356,060	–	2.20%	–
SYF	Buy	SYNCHRONY FINANC	$22,996,000	+1431.0%	839,654	+1313.0%	2.17%	+1570.0%
HSY	New	HERSHEY COMPANY	$22,337,000	–	238,870	–	2.11%	–
XOM	Buy	EXXON MOBIL CORPORATION	$20,860,000	+781.3%	244,340	+867.7%	1.97%	+861.0%
RYAAY	Sell	RYANAIR HLDGS PLC-SP ADRsponsored adr	$19,624,000	+4.8%	267,394	-0.7%	1.85%	+14.3%
KSU	New	KANSAS CITY SOUTHERN INDS.	$17,000,000	–	186,240	–	1.60%	–
MO	Sell	ALTRIA GROUP INC.	$16,273,000	-69.5%	263,117	-66.0%	1.54%	-66.7%
AVGO	Sell	BROADCOM LTD	$13,204,000	+3.5%	78,250	-4.7%	1.25%	+12.9%
GOOG	Sell	ALPHABET INC. CL 'C'cap stk cl c	$12,584,000	-13.3%	16,552	-21.0%	1.19%	-5.4%
RH	Sell	RESTORATION HARDWARE	$12,490,000	+7.1%	369,280	-9.2%	1.18%	+16.7%
CXO	New	CONCHO RESOURCES INC.	$10,890,000	–	81,060	–	1.03%	–
GOOGL	Sell	ALPHABET INC. CL 'A'cap stk cl a	$10,801,000	-45.0%	13,734	-50.8%	1.02%	-40.1%
HEIA	Sell	HEICO CORP- CLASS Acl a	$10,229,000	-11.0%	172,820	-19.4%	0.97%	-3.0%
RTN	Sell	RAYTHEON COMPANY	$8,925,000	-38.6%	67,030	-37.3%	0.84%	-33.0%
FMX	New	FOMENTO ECON-ADRspon adr units	$8,742,000	–	97,100	–	0.82%	–
TTE	Buy	TOTAL SA SPON ADRsponsored adr	$8,578,000	+1.9%	183,850	+5.1%	0.81%	+11.1%
NVS	New	NOVARTIS AG-ADRsponsored adr	$8,331,000	–	107,870	–	0.79%	–
COT	Sell	COTT CORPORATION	$8,028,000	-37.5%	575,962	-37.4%	0.76%	-31.8%
TJX	Buy	TJX COMPANIES INC.	$7,765,000	+279.3%	106,160	+300.5%	0.73%	+314.1%
NVO	Sell	NOVO NORDISK A/S ADRadr	$7,455,000	-38.4%	183,250	-18.6%	0.70%	-32.8%
AAPL	Sell	APPLE INC.	$6,942,000	-67.5%	62,780	-71.9%	0.66%	-64.6%
OAK	Sell	OAKTREE CAPITAL GROUP LLCunit cl a	$6,638,000	-84.7%	160,064	-83.5%	0.63%	-83.3%
DEO	New	DIAGEO PLC-SPONS ADRspon adr new	$6,617,000	–	58,300	–	0.62%	–
VAL	Buy	VALSPAR CORP	$6,474,000	+315.3%	62,400	+332.4%	0.61%	+352.6%
ISIL	New	INTERSIL CORP.-CL Acl a	$6,456,000	–	300,980	–	0.61%	–
SWK	New	STANLEY BLACK & DECKER INC.	$5,375,000	–	44,680	–	0.51%	–
JCI	New	JOHNSON CONTROLS INTL IE	$4,488,000	–	98,616	–	0.42%	–
JOY	New	JOY GLOBAL INC	$4,465,000	–	164,541	–	0.42%	–
DAL	Sell	DELTA AIR LINES INC.	$3,696,000	-51.0%	96,000	-53.6%	0.35%	-46.6%
FANG	Sell	DIAMONDBACK ENERGY INC	$3,416,000	-7.9%	36,180	-11.1%	0.32%	+0.6%
EXPE	New	EXPEDIA INC.	$3,077,000	–	26,950	–	0.29%	–
CPHD	New	CEPHEID	$2,667,000	–	51,740	–	0.25%	–
STJ	Sell	ST. JUDE MEDICAL INC.	$2,658,000	-15.7%	34,070	-15.7%	0.25%	-8.1%
ECL	Sell	ECOLAB INC.	$2,567,000	-40.3%	21,563	-40.6%	0.24%	-35.1%
BATS	New	BATS GLOBAL MARK	$2,515,000	–	85,351	–	0.24%	–
DOOR	New	MASONITE INTL CORP	$2,449,000	–	40,280	–	0.23%	–
BUD	Sell	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$2,327,000	-85.0%	18,104	-84.7%	0.22%	-83.7%
VLO	New	VALERO ENERGY CORP.	$2,247,000	–	43,350	–	0.21%	–
CHMT	New	CHEMTURA CORP	$1,805,000	–	56,255	–	0.17%	–
LXK	New	LEXMARK INTL. GROUP INC. 'A'cl a	$1,471,000	–	37,640	–	0.14%	–
ISLE	New	ISLE OF CAPRI CASINOS INC.	$1,330,000	–	61,012	–	0.13%	–
	New	WALGREENS BOOTS $82.5 CALL 01/	$983,000	–	3,000	–	0.09%	–
PGND	New	PRESS GANEY HOLD	$913,000	–	23,100	–	0.09%	–
WCIC	Sell	WCI COMMUNITIES INC	$887,000	-54.2%	38,224	-66.6%	0.08%	-50.0%
	New	ALLERGAN PLC. OPRA $240 CALL 0	$861,000	–	800	–	0.08%	–
	New	HOME DEPOT INC $130 CALL 01/20	$831,000	–	2,000	–	0.08%	–
	New	JUNIPER NETWORKS INC. $ 26 CAL	$812,000	–	10,000	–	0.08%	–
IMS	New	IMS HEALTH HOLDINGS INC	$765,000	–	24,970	–	0.07%	–
STRZA	New	STARZ - A	$688,000	–	22,550	–	0.06%	–
APIC	New	APIGEE CORP	$657,000	–	38,600	–	0.06%	–
DTSI	New	DTS INC	$624,000	–	15,000	–	0.06%	–
DIS	Buy	WALT DISNEY CO.	$581,000	-7.0%	6,396	+0.1%	0.06%	+1.9%
AFCO	New	AMERICAN FARMLAN	$557,000	–	72,183	–	0.05%	–
BX	Sell	THE BLACKSTONE GROUP LP	$430,000	-55.6%	17,220	-56.4%	0.04%	-51.2%
BLOX	New	INFOBLOX INC	$387,000	–	15,000	–	0.04%	–
DVN	New	DEVON ENERGY CORPORATION	$346,000	–	8,010	–	0.03%	–
BHI	Sell	BAKER HUGHES INCORPORATED	$327,000	-91.4%	6,620	-92.2%	0.03%	-90.6%
	New	SPDR GOLD TRUST $120 PUT 01/20	$295,000	–	2,000	–	0.03%	–
LGF	Sell	LIONS GATE ENTERTAINMENT CORP.	$295,000	-47.2%	15,094	-45.4%	0.03%	-41.7%
CEF	New	CENTRAL FUND OF CDA CL A NVTGcl a	$218,000	–	16,090	–	0.02%	–
EPIQ	New	EPIQ SYSTEMS INC	$174,000	–	10,800	–	0.02%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. Acl a	$0	–	-1	–	-0.02%	–
XLI	Exit	INDUSTRIAL SELECT SECT SPDRsbi int-inds	$0	–	-5,000	–	-0.02%	–
	Exit	SPDR S&P 500 ETF $230 CALL 09/	$0	–	-42,000	–	-0.02%	–
PRGO	Exit	PERRIGO COMPANY PLC	$0	–	-7,920	–	-0.06%	–
LEN	Exit	LENNAR CORP. CL Acl a	$0	–	-16,620	–	-0.07%	–
BG	Exit	BUNGE LIMITED	$0	–	-13,210	–	-0.07%	–
DCI	Exit	DONALDSON CO INC	$0	–	-25,540	–	-0.08%	–
MSM	Exit	MSC INDUSTRIAL DIRECT CO-Acl a	$0	–	-20,950	–	-0.13%	–
PWR	Exit	QUANTA SERVICES INC	$0	–	-67,790	–	-0.14%	–
GWW	Exit	W.W. GRAINGER INC.	$0	–	-7,040	–	-0.14%	–
EVC	Exit	ENTRAVISION COMMUNICATIONS 'A'cl a	$0	–	-261,040	–	-0.15%	–
CBI	Exit	CHICAGO BRIDGE & IRON	$0	–	-52,090	–	-0.16%	–
DRII	Exit	DIAMOND RESORTS	$0	–	-64,210	–	-0.17%	–
POST	Exit	POST HOLDINGS INC	$0	–	-27,160	–	-0.19%	–
HTWR	Exit	HEARTWARE INTERN	$0	–	-40,390	–	-0.20%	–
PVTB	Exit	PRIVATEBANCORP INC	$0	–	-54,990	–	-0.21%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-28,200	–	-0.21%	–
D	Exit	DOMINION RESOURCES INC.	$0	–	-32,020	–	-0.22%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-36,760	–	-0.22%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-32,220	–	-0.24%	–
DHI	Exit	DR HORTON INC.	$0	–	-94,950	–	-0.26%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-40,940	–	-0.27%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-29,780	–	-0.29%	–
LH	Exit	LABORATORY CORP. OF AMER HLDS	$0	–	-27,120	–	-0.31%	–
BSX	Exit	BOSTON SCIENTIFIC CORPORATION	$0	–	-153,940	–	-0.31%	–
WMT	Exit	WAL-MART STORES INC.	$0	–	-63,190	–	-0.40%	–
NWL	Exit	NEWELL BRANDS INC.	$0	–	-116,735	–	-0.49%	–
RLGY	Exit	REALOGY HOLDINGS CORP	$0	–	-231,520	–	-0.58%	–
JCI	Exit	JOHNSON CONTROLS INC.	$0	–	-164,120	–	-0.63%	–
STO	Exit	STATOIL ASA - ADRsponsored adr	$0	–	-470,000	–	-0.70%	–
PEGI	Exit	PATTERN ENERGY GROUPcl a	$0	–	-360,780	–	-0.72%	–
M	Exit	MACY'S INC	$0	–	-362,612	–	-1.06%	–
TMUS	Exit	T-MOBILE US INC.	$0	–	-321,721	–	-1.20%	–
DG	Exit	DOLLAR GENERAL CORP.	$0	–	-212,890	–	-1.73%	–
TAP	Exit	MOLSON COORS BREWING CO. 'B'cl b	$0	–	-232,570	–	-2.04%	–
CHTR	Exit	CHARTER COMMUNICATION - Acl a	$0	–	-142,640	–	-2.82%	–
UPS	Exit	UNITED PARCEL SERVICE INC. 'B'cl b	$0	–	-463,515	–	-4.32%	–

Q2 2016

			Value		Shares		↓ Weighting
MSGS	New	MADISON SQUARE GARDEN CO A NEWcl a	$73,502,000	–	426,073	–	6.36%	–
JPM	New	JP MORGAN CHASE & CO.	$57,179,000	–	920,157	–	4.95%	–
MO	New	ALTRIA GROUP INC.	$53,303,000	–	772,952	–	4.62%	–
UPS	New	UNITED PARCEL SERVICE INC. 'B'cl b	$49,930,000	–	463,515	–	4.32%	–
GS	New	GOLDMAN SACHS GROUP INC.	$43,700,000	–	294,115	–	3.78%	–
OAK	New	OAKTREE CAPITAL GROUP LLCunit cl a	$43,392,000	–	969,430	–	3.76%	–
CMCSA	New	COMCAST CORPORATION 'A'cl a	$41,087,000	–	630,267	–	3.56%	–
PG	New	PROCTER & GAMBLE COMPANY	$37,532,000	–	443,276	–	3.25%	–
GLD	New	SPDR GOLD TRUST	$36,168,000	–	285,982	–	3.13%	–
ORCL	New	ORACLE CORPORATION	$35,552,000	–	868,598	–	3.08%	–
MA	New	MASTERCARD INC-CLASS Acl a	$35,514,000	–	403,288	–	3.08%	–
CHTR	New	CHARTER COMMUNICATION - Acl a	$32,613,000	–	142,640	–	2.82%	–
LVLT	New	LEVEL 3 COMMUNICATIONS INC.	$31,686,000	–	615,386	–	2.74%	–
LNKD	New	LINKEDIN CORP - A	$30,469,000	–	161,000	–	2.64%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC.	$26,492,000	–	318,140	–	2.29%	–
RAI	New	REYNOLDS AMERICAN INC.	$25,551,000	–	473,775	–	2.21%	–
AGN	New	ALLERGAN PLC	$24,855,000	–	107,556	–	2.15%	–
CBS	New	CBS CORPORATION CLASS Bcl b	$24,255,000	–	445,540	–	2.10%	–
TAP	New	MOLSON COORS BREWING CO. 'B'cl b	$23,520,000	–	232,570	–	2.04%	–
GM	New	GENERAL MOTORS CO.	$22,835,000	–	806,885	–	1.98%	–
PEP	New	PEPSICO INC.	$21,744,000	–	205,250	–	1.88%	–
V	New	VISA INC-CLASS A SHARES	$21,702,000	–	292,600	–	1.88%	–
AAPL	New	APPLE INC.	$21,344,000	–	223,260	–	1.85%	–
DG	New	DOLLAR GENERAL CORP.	$20,012,000	–	212,890	–	1.73%	–
GOOGL	New	ALPHABET INC. CL 'A'cap stk cl a	$19,652,000	–	27,934	–	1.70%	–
RYAAY	New	RYANAIR HLDGS PLC-SP ADRsponsored adr	$18,721,000	–	269,214	–	1.62%	–
HD	New	HOME DEPOT INC.	$16,101,000	–	126,095	–	1.39%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$15,565,000	–	118,204	–	1.35%	–
RTN	New	RAYTHEON COMPANY	$14,534,000	–	106,910	–	1.26%	–
GOOG	New	ALPHABET INC. CL 'C'cap stk cl c	$14,508,000	–	20,962	–	1.26%	–
TMUS	New	T-MOBILE US INC.	$13,921,000	–	321,721	–	1.20%	–
COT	New	COTT CORPORATION	$12,835,000	–	919,402	–	1.11%	–
AVGO	New	BROADCOM LTD	$12,757,000	–	82,090	–	1.10%	–
M	New	MACY'S INC	$12,187,000	–	362,612	–	1.06%	–
NVO	New	NOVO NORDISK A/S ADRadr	$12,101,000	–	225,000	–	1.05%	–
RH	New	RESTORATION HARDWARE	$11,664,000	–	406,690	–	1.01%	–
HEIA	New	HEICO CORP- CLASS Acl a	$11,497,000	–	214,300	–	1.00%	–
TTE	New	TOTAL SA SPON ADRsponsored adr	$8,418,000	–	175,000	–	0.73%	–
PEGI	New	PATTERN ENERGY GROUPcl a	$8,287,000	–	360,780	–	0.72%	–
STO	New	STATOIL ASA - ADRsponsored adr	$8,136,000	–	470,000	–	0.70%	–
DAL	New	DELTA AIR LINES INC.	$7,543,000	–	207,050	–	0.65%	–
JCI	New	JOHNSON CONTROLS INC.	$7,264,000	–	164,120	–	0.63%	–
RLGY	New	REALOGY HOLDINGS CORP	$6,719,000	–	231,520	–	0.58%	–
NWL	New	NEWELL BRANDS INC.	$5,670,000	–	116,735	–	0.49%	–
WMT	New	WAL-MART STORES INC.	$4,614,000	–	63,190	–	0.40%	–
ECL	New	ECOLAB INC.	$4,302,000	–	36,273	–	0.37%	–
BHI	New	BAKER HUGHES INCORPORATED	$3,810,000	–	84,420	–	0.33%	–
FANG	New	DIAMONDBACK ENERGY INC	$3,711,000	–	40,690	–	0.32%	–
BSX	New	BOSTON SCIENTIFIC CORPORATION	$3,598,000	–	153,940	–	0.31%	–
LH	New	LABORATORY CORP. OF AMER HLDS	$3,533,000	–	27,120	–	0.31%	–
SRE	New	SEMPRA ENERGY	$3,396,000	–	29,780	–	0.29%	–
HCA	New	HCA HOLDINGS INC	$3,153,000	–	40,940	–	0.27%	–
STJ	New	ST. JUDE MEDICAL INC.	$3,154,000	–	40,430	–	0.27%	–
DHI	New	DR HORTON INC.	$2,989,000	–	94,950	–	0.26%	–
MDT	New	MEDTRONIC PLC	$2,796,000	–	32,220	–	0.24%	–
ALL	New	ALLSTATE CORPORATION	$2,571,000	–	36,760	–	0.22%	–
D	New	DOMINION RESOURCES INC.	$2,495,000	–	32,020	–	0.22%	–
UNP	New	UNION PACIFIC CORP	$2,461,000	–	28,200	–	0.21%	–
PVTB	New	PRIVATEBANCORP INC	$2,421,000	–	54,990	–	0.21%	–
XOM	New	EXXON MOBIL CORPORATION	$2,367,000	–	25,250	–	0.20%	–
HTWR	New	HEARTWARE INTERN	$2,333,000	–	40,390	–	0.20%	–
POST	New	POST HOLDINGS INC	$2,246,000	–	27,160	–	0.19%	–
TJX	New	TJX COMPANIES INC.	$2,047,000	–	26,510	–	0.18%	–
WCIC	New	WCI COMMUNITIES INC	$1,937,000	–	114,584	–	0.17%	–
DRII	New	DIAMOND RESORTS	$1,924,000	–	64,210	–	0.17%	–
CBI	New	CHICAGO BRIDGE & IRON	$1,804,000	–	52,090	–	0.16%	–
EVC	New	ENTRAVISION COMMUNICATIONS 'A'cl a	$1,754,000	–	261,040	–	0.15%	–
RGA	New	REINSURANCE GROUP OF AMERICA A	$1,637,000	–	16,879	–	0.14%	–
GWW	New	W.W. GRAINGER INC.	$1,600,000	–	7,040	–	0.14%	–
PWR	New	QUANTA SERVICES INC	$1,567,000	–	67,790	–	0.14%	–
VAL	New	VALSPAR CORP	$1,559,000	–	14,430	–	0.14%	–
SYF	New	SYNCHRONY FINANC	$1,502,000	–	59,424	–	0.13%	–
MSM	New	MSC INDUSTRIAL DIRECT CO-Acl a	$1,478,000	–	20,950	–	0.13%	–
KFS	New	KINGSWAY FINANCIAL SERVICES	$1,074,000	–	200,000	–	0.09%	–
BX	New	THE BLACKSTONE GROUP LP	$969,000	–	39,500	–	0.08%	–
DCI	New	DONALDSON CO INC	$878,000	–	25,540	–	0.08%	–
BG	New	BUNGE LIMITED	$781,000	–	13,210	–	0.07%	–
LEN	New	LENNAR CORP. CL Acl a	$766,000	–	16,620	–	0.07%	–
PRGO	New	PERRIGO COMPANY PLC	$718,000	–	7,920	–	0.06%	–
DIS	New	WALT DISNEY CO.	$625,000	–	6,390	–	0.05%	–
LGF	New	LIONS GATE ENTERTAINMENT CORP.	$559,000	–	27,636	–	0.05%	–
ROIC	New	RETAIL OPPORTUNITY INVESTMENT	$455,000	–	21,000	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY INC. CL Bcl b new	$325,000	–	2,245	–	0.03%	–
	New	SPDR S&P 500 ETF $230 CALL 09/	$294,000	–	42,000	–	0.02%	–
XLI	New	INDUSTRIAL SELECT SECT SPDRsbi int-inds	$280,000	–	5,000	–	0.02%	–
BRKA	New	BERKSHIRE HATHAWAY CL. Acl a	$217,000	–	1	–	0.02%	–
APDN	New	APPLIED DNA SCIENCES INC	$65,000	–	20,000	–	0.01%	–
BTX	New	BIOTIME INC COMMON	$31,000	–	11,800	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
CIDM	Exit	CINEDIGM CORP.	$0	–	-21,351	–	-0.00%	–
VRNG	Exit	VRINGO INC	$0	–	-31,000	–	-0.00%	–
APDN	Exit	APPLIED DNA SCIENCES INC	$0	–	-20,000	–	-0.01%	–
SJT	Exit	SAN JUAN BASIN ROYALTY TRUSTunit ben int	$0	–	-25,000	–	-0.02%	–
	Exit	BERKSHIRE HATHAWAY INC. CL Bcl b new	$0	–	-3,445	–	-0.03%	–
KBE	Exit	SPDR S & P BANK ETFs&p bk etf	$0	–	-13,900	–	-0.03%	–
A104PS	Exit	HILTON WORLDWIDE HOLDINGS IN	$0	–	-19,960	–	-0.03%	–
MGM	Exit	MGM RESORTS INTERNATIONAL	$0	–	-37,110	–	-0.05%	–
M	Exit	MACY'S INC	$0	–	-15,256	–	-0.06%	–
KFS	Exit	KINGSWAY FINANCIAL SERVICES	$0	–	-200,000	–	-0.07%	–
LGF	Exit	LIONS GATE ENTERTAINMENT CORP.	$0	–	-26,067	–	-0.07%	–
AWAY	Exit	HOMEAWAY INC.	$0	–	-39,074	–	-0.08%	–
WPG	Exit	WP GLIMCHER INC	$0	–	-95,710	–	-0.08%	–
DENN	Exit	DENNY'S CORP.	$0	–	-116,610	–	-0.09%	–
RRGB	Exit	RED ROBIN GOURMET BURGERS	$0	–	-17,060	–	-0.09%	–
CAKE	Exit	CHEESECAKE FACTORY INC/THE	$0	–	-24,780	–	-0.10%	–
UPS	Exit	UNITED PARCEL SERVICE INC. 'B'cl b	$0	–	-13,643	–	-0.10%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA A	$0	–	-16,879	–	-0.11%	–
TTC	Exit	TORO CO	$0	–	-23,467	–	-0.12%	–
BAC	Exit	BANK OF AMERICA CORP.	$0	–	-110,354	–	-0.12%	–
SYY	Exit	SYSCO CORP.	$0	–	-44,020	–	-0.12%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-30,780	–	-0.13%	–
DKS	Exit	DICK'S SORTING GOODS INC.	$0	–	-35,370	–	-0.13%	–
TGT	Exit	TARGET CORP.	$0	–	-22,656	–	-0.13%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-25,000	–	-0.13%	–
CKEC	Exit	CARMIKE CINEMAS INC.	$0	–	-94,680	–	-0.14%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-30,766	–	-0.15%	–
HDS	Exit	HD SUPPLY HOLDINGS INC.	$0	–	-74,450	–	-0.15%	–
EVC	Exit	ENTRAVISION COMMUNICATIONS 'A'cl a	$0	–	-325,520	–	-0.16%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-43,046	–	-0.16%	–
AET	Exit	AETNA INC.	$0	–	-20,350	–	-0.16%	–
AMZN	Exit	AMAZON.COM INC.	$0	–	-4,366	–	-0.16%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-32,321	–	-0.16%	–
ECL	Exit	ECOLAB INC.	$0	–	-21,550	–	-0.17%	–
WCIC	Exit	WCI COMMUNITIES INC	$0	–	-106,334	–	-0.17%	–
PVH	Exit	PVH CORP	$0	–	-26,170	–	-0.19%	–
LLY	Exit	ELI LILLY & CO.	$0	–	-32,351	–	-0.20%	–
BMY	Exit	BRISTOL MYERS SQUIBB COMPANY	$0	–	-46,055	–	-0.20%	–
JPM	Exit	JP MORGAN CHASE & CO.	$0	–	-44,991	–	-0.20%	–
LEN	Exit	LENNAR CORP. CL Acl a	$0	–	-59,626	–	-0.21%	–
CCL	Exit	CARNIVAL CORPpaired ctf	$0	–	-62,242	–	-0.22%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-100,790	–	-0.22%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC.	$0	–	-38,970	–	-0.24%	–
HEIA	Exit	HEICO CORP- CLASS Acl a	$0	–	-73,593	–	-0.24%	–
HD	Exit	HOME DEPOT INC.	$0	–	-35,400	–	-0.30%	–
DIS	Exit	WALT DISNEY CO.	$0	–	-57,530	–	-0.42%	–
PII	Exit	POLARIS INDUSTRIES, INC.	$0	–	-55,820	–	-0.48%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-190,051	–	-0.52%	–
BBY	Exit	BEST BUY CO. INC.	$0	–	-201,740	–	-0.54%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-254,367	–	-0.68%	–
COT	Exit	COTT CORPORATION	$0	–	-1,032,377	–	-0.81%	–
MLCO	Exit	MELCO CROWN ENTERTAINMENTadr	$0	–	-825,000	–	-0.82%	–
SJM	Exit	JM SMUCKER CO.	$0	–	-100,019	–	-0.82%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-263,546	–	-0.99%	–
SNPS	Exit	SYNOPSYS INC.	$0	–	-329,510	–	-1.10%	–
WYNN	Exit	WYNN RESORTS LTD.	$0	–	-312,386	–	-1.20%	–
RAI	Exit	REYNOLDS AMERICAN INC.	$0	–	-417,560	–	-1.33%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$0	–	-181,195	–	-1.39%	–
	Exit	APPLE INC.	$0	–	-180,321	–	-1.43%	–
TTE	Exit	TOTAL SA SPON ADRsponsored adr	$0	–	-460,000	–	-1.48%	–
GOOG	Exit	GOOGLE INC. CL 'C'cl c	$0	–	-33,840	–	-1.48%	–
NVS	Exit	NOVARTIS AG-ADRsponsored adr	$0	–	-260,100	–	-1.72%	–
UBS	Exit	UBS AG - REG	$0	–	-1,330,000	–	-1.78%	–
MCO	Exit	MOODY'S CORP	$0	–	-324,887	–	-2.30%	–
NVO	Exit	NOVO NORDISK A/S ADRadr	$0	–	-600,000	–	-2.35%	–
PF	Exit	PINNACLE FOODS INC	$0	–	-869,299	–	-2.62%	–
NSAM	Exit	NORTHSTAR ASSET MGT CORP. INC.	$0	–	-2,900,577	–	-3.00%	–
BRCM	Exit	BROADCOM CORP. CL 'A'cl a	$0	–	-833,995	–	-3.09%	–
WFC	Exit	WELLS FARGO COMPANY	$0	–	-843,683	–	-3.12%	–
VRSK	Exit	VERISK ANALYTICS INC.	$0	–	-655,611	–	-3.49%	–
ABBV	Exit	ABBVIE INC.	$0	–	-916,125	–	-3.59%	–
DAL	Exit	DELTA AIR LINES INC.	$0	–	-1,140,730	–	-3.69%	–
MA	Exit	MASTERCARD INC-CLASS Acl a	$0	–	-611,173	–	-3.97%	–
PCP	Exit	PRECISION CASTPARTS CORP.	$0	–	-243,152	–	-4.03%	–
RYAAY	Exit	RYANAIR HLDGS PLC-SP ADRsponsored adr	$0	–	-735,560	–	-4.15%	–
AGN	Exit	ALLERGAN PLC	$0	–	-227,224	–	-4.45%	–
MO	Exit	ALTRIA GROUP INC.	$0	–	-1,146,766	–	-4.50%	–
CMCSA	Exit	COMCAST CORPORATION 'A'cl a	$0	–	-1,158,297	–	-4.75%	–
GOOGL	Exit	GOOGLE INC. CL 'A'cl a	$0	–	-107,618	–	-4.95%	–
OAK	Exit	OAKTREE CAPITAL GROUP LLCunit cl a	$0	–	-1,408,724	–	-5.03%	–
MSG	Exit	MADISON SQUARE GARDEN CO-Acl a	$0	–	-1,099,008	–	-5.72%	–
TMUS	Exit	T-MOBILE US INC.	$0	–	-2,272,790	–	-6.52%	–

Q3 2015

			Value		Shares		↓ Weighting
TMUS	Buy	T-MOBILE US INC.	$67,532,000	-34.1%	2,272,790	+7.2%	6.52%	+22.7%
MSG	Sell	MADISON SQUARE GARDEN CO-Acl a	$59,175,000	-54.1%	1,099,008	-11.3%	5.72%	-14.5%
OAK	Buy	OAKTREE CAPITAL GROUP LLCunit cl a	$52,046,000	-43.1%	1,408,724	+2.1%	5.03%	+5.9%
GOOGL	Buy	GOOGLE INC. CL 'A'cl a	$51,276,000	-26.8%	107,618	+3.4%	4.95%	+36.3%
CMCSA	Buy	COMCAST CORPORATION 'A'cl a	$49,175,000	-7.6%	1,158,297	+63.1%	4.75%	+72.0%
MO	Buy	ALTRIA GROUP INC.	$46,562,000	-28.9%	1,146,766	+6.9%	4.50%	+32.5%
AGN	Sell	ALLERGAN PLC	$46,098,000	-56.5%	227,224	-18.8%	4.45%	-18.9%
RYAAY	Buy	RYANAIR HLDGS PLC-SP ADRsponsored adr	$42,987,000	-10.7%	735,560	+36.0%	4.15%	+66.4%
PCP	Buy	PRECISION CASTPARTS CORP.	$41,689,000	+0.2%	243,152	+45.7%	4.03%	+86.6%
MA	Buy	MASTERCARD INC-CLASS Acl a	$41,110,000	-36.3%	611,173	+10.4%	3.97%	+18.6%
DAL	Sell	DELTA AIR LINES INC.	$38,203,000	-44.7%	1,140,730	-15.5%	3.69%	+2.9%
ABBV	Buy	ABBVIE INC.	$37,204,000	-37.1%	916,125	+29.8%	3.59%	+17.2%
VRSK	Buy	VERISK ANALYTICS INC.	$36,167,000	-33.1%	655,611	+10.0%	3.49%	+24.6%
WFC	Buy	WELLS FARGO COMPANY	$32,336,000	-37.9%	843,683	+13.7%	3.12%	+15.8%
BRCM	Buy	BROADCOM CORP. CL 'A'cl a	$32,014,000	+46.2%	833,995	+144.6%	3.09%	+172.4%
NSAM	Sell	NORTHSTAR ASSET MGT CORP. INC.	$31,088,000	-54.5%	2,900,577	-2.1%	3.00%	-15.2%
PF	Sell	PINNACLE FOODS INC	$27,173,000	-49.7%	869,299	-8.6%	2.62%	-6.4%
NVO	Buy	NOVO NORDISK A/S ADRadr	$24,290,000	-30.3%	600,000	+17.6%	2.35%	+29.9%
MCO	Sell	MOODY'S CORP	$23,812,000	-68.3%	324,887	-41.8%	2.30%	-41.0%
UBS	Buy	UBS AG - REG	$18,385,000	-31.8%	1,330,000	+30.4%	1.78%	+27.0%
NVS	Buy	NOVARTIS AG-ADRsponsored adr	$17,845,000	-39.4%	260,100	+8.3%	1.72%	+12.8%
GOOG	Buy	GOOGLE INC. CL 'C'cl c	$15,367,000	+39.0%	33,840	+98.7%	1.48%	+159.0%
TTE	Buy	TOTAL SA SPON ADRsponsored adr	$15,351,000	-33.2%	460,000	+22.7%	1.48%	+24.4%
	Sell	APPLE INC.	$14,845,000	-88.5%	180,321	-78.2%	1.43%	-78.6%
BUD	Buy	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$14,379,000	-47.2%	181,195	+0.1%	1.39%	-1.7%
RAI	New	REYNOLDS AMERICAN INC.	$13,797,000	–	417,560	–	1.33%	–
WYNN	Buy	WYNN RESORTS LTD.	$12,385,000	-39.1%	312,386	+88.9%	1.20%	+13.4%
SNPS	New	SYNOPSYS INC.	$11,358,000	–	329,510	–	1.10%	–
DFS	Sell	DISCOVER FINANCIAL SERVICES	$10,227,000	-61.5%	263,546	-28.7%	0.99%	-28.3%
SJM	New	JM SMUCKER CO.	$8,517,000	–	100,019	–	0.82%	–
MLCO	Buy	MELCO CROWN ENTERTAINMENTadr	$8,473,000	-40.3%	825,000	+42.2%	0.82%	+11.1%
COT	Buy	COTT CORPORATION	$8,345,000	-31.3%	1,032,377	+3.7%	0.81%	+28.1%
WMB	New	WILLIAMS COS INC	$6,996,000	–	254,367	–	0.68%	–
BBY	New	BEST BUY CO. INC.	$5,589,000	–	201,740	–	0.54%	–
AER	Sell	AERCAP HOLDINGS NV	$5,424,000	-85.0%	190,051	-70.0%	0.52%	-72.0%
PII	New	POLARIS INDUSTRIES, INC.	$4,994,000	–	55,820	–	0.48%	–
DIS	Sell	WALT DISNEY CO.	$4,388,000	-79.0%	57,530	-60.7%	0.42%	-60.8%
HD	Sell	HOME DEPOT INC.	$3,052,000	-48.0%	35,400	-16.4%	0.30%	-3.0%
HEIA	Sell	HEICO CORP- CLASS Acl a	$2,494,000	-93.2%	73,593	-87.3%	0.24%	-87.3%
SWKS	New	SKYWORKS SOLUTIONS INC.	$2,444,000	–	38,970	–	0.24%	–
PGR	New	PROGRESSIVE CORP	$2,305,000	–	100,790	–	0.22%	–
CCL	New	CARNIVAL CORPpaired ctf	$2,309,000	–	62,242	–	0.22%	–
LEN	Sell	LENNAR CORP. CL Acl a	$2,142,000	-44.0%	59,626	-0.8%	0.21%	+4.5%
JPM	Sell	JP MORGAN CHASE & CO.	$2,047,000	-79.0%	44,991	-61.1%	0.20%	-60.9%
BMY	New	BRISTOL MYERS SQUIBB COMPANY	$2,035,000	–	46,055	–	0.20%	–
LLY	New	ELI LILLY & CO.	$2,021,000	–	32,351	–	0.20%	–
PVH	New	PVH CORP	$1,991,000	–	26,170	–	0.19%	–
WCIC	Buy	WCI COMMUNITIES INC	$1,796,000	+157.7%	106,334	+363.7%	0.17%	+380.6%
ECL	Sell	ECOLAB INC.	$1,765,000	-42.0%	21,550	-0.1%	0.17%	+7.6%
V	New	VISA INC-CLASS A SHARES	$1,681,000	–	32,321	–	0.16%	–
AET	New	AETNA INC.	$1,662,000	–	20,350	–	0.16%	–
AMZN	New	AMAZON.COM INC.	$1,668,000	–	4,366	–	0.16%	–
EVC	Buy	ENTRAVISION COMMUNICATIONS 'A'cl a	$1,613,000	-46.8%	325,520	+10.2%	0.16%	-0.6%
HDS	New	HD SUPPLY HOLDINGS INC.	$1,590,000	–	74,450	–	0.15%	–
MDT	Buy	MEDTRONIC PLC	$1,537,000	-36.5%	30,766	+17.4%	0.15%	+17.5%
CKEC	Sell	CARMIKE CINEMAS INC.	$1,420,000	-71.6%	94,680	-37.3%	0.14%	-47.1%
XOM	Sell	EXXON MOBIL CORPORATION	$1,387,000	-47.7%	25,000	-2.2%	0.13%	-2.9%
TGT	New	TARGET CORP.	$1,330,000	–	22,656	–	0.13%	–
DKS	New	DICK'S SORTING GOODS INC.	$1,310,000	–	35,370	–	0.13%	–
AIG	New	AMERICAN INTERNATIONAL GROUP	$1,305,000	–	30,780	–	0.13%	–
BAC	New	BANK OF AMERICA CORP.	$1,283,000	–	110,354	–	0.12%	–
SYY	New	SYSCO CORP.	$1,280,000	–	44,020	–	0.12%	–
UPS	New	UNITED PARCEL SERVICE INC. 'B'cl b	$1,005,000	–	13,643	–	0.10%	–
CAKE	New	CHEESECAKE FACTORY INC/THE	$998,000	–	24,780	–	0.10%	–
DENN	New	DENNY'S CORP.	$960,000	–	116,610	–	0.09%	–
RRGB	New	RED ROBIN GOURMET BURGERS	$964,000	–	17,060	–	0.09%	–
WPG	Buy	WP GLIMCHER INC	$833,000	-36.5%	95,710	+23.1%	0.08%	+17.6%
AWAY	Buy	HOMEAWAY INC.	$774,000	-46.0%	39,074	+5.8%	0.08%	+1.4%
LGF	Buy	LIONS GATE ENTERTAINMENT CORP.	$716,000	-37.0%	26,067	+5.9%	0.07%	+16.9%
M	New	MACY'S INC	$584,000	–	15,256	–	0.06%	–
MGM	New	MGM RESORTS INTERNATIONAL	$511,000	–	37,110	–	0.05%	–
A104PS	New	HILTON WORLDWIDE HOLDINGS IN	$342,000	–	19,960	–	0.03%	–
	Sell	BERKSHIRE HATHAWAY INC. CL Bcl b new	$335,000	-64.1%	3,445	-37.3%	0.03%	-33.3%
APDN	New	APPLIED DNA SCIENCES INC	$76,000	–	20,000	–	0.01%	–
VRNG	Sell	VRINGO INC	$13,000	-53.6%	31,000	-24.4%	0.00%	0.0%
GFI	Exit	GOLD FIELD LTD SPONS ADRsponsored adr	$0	–	-14,300	–	-0.00%	–
SBGL	Exit	SIBANYE GOLD LTD SPON ADR W/Isponsored adr	$0	–	-15,225	–	-0.01%	–
VEU	Exit	VANGAURD FTSE ALL-WORLDallwrld ex us	$0	–	-3,335	–	-0.01%	–
TIP	Exit	ISHARES TIPS BOND ETFtips bd etf	$0	–	-1,580	–	-0.01%	–
	Exit	NORTHSTAR ASSET MNGT $20 CALL	$0	–	-1,500	–	-0.01%	–
RWR	Exit	SPDR DOW JONES REIT ETFdj reit etf	$0	–	-2,185	–	-0.01%	–
	Exit	BERKSHIRE HATHAWAY CL. Acl a	$0	–	-1	–	-0.01%	–
PFE	Exit	PFIZER INC.	$0	–	-6,296	–	-0.01%	–
	Exit	TEEKAY CORP $40 CALL 10/16/201	$0	–	-500	–	-0.02%	–
	Exit	MADISON SQUARE GARDEN $75 CALL	$0	–	-500	–	-0.03%	–
CSTE	Exit	CAESARSTONE SDOT-YAM LTD	$0	–	-15,110	–	-0.07%	–
LB	Exit	L BRANDS INC	$0	–	-14,276	–	-0.08%	–
BX	Exit	THE BLACKSTONE GROUP LP	$0	–	-40,240	–	-0.11%	–
	Exit	DXJ UB $55.22 CALL 01/20/17	$0	–	-3,000	–	-0.13%	–
LCI	Exit	LANNETT CO INC	$0	–	-43,618	–	-0.17%	–
	Exit	S&P DEPOSITARY RE $208 PUT 08/	$0	–	-10,900	–	-0.32%	–
PINC	Exit	PREMIER INC. 'A'cl a	$0	–	-137,366	–	-0.34%	–
TK	Exit	TEEKAY CORP.	$0	–	-137,175	–	-0.38%	–
SABR	Exit	SABRE CORP	$0	–	-261,480	–	-0.40%	–
HON	Exit	HONEYWELL INTERNATIONAL INC.	$0	–	-84,033	–	-0.55%	–
FSL	Exit	FREESCALE SEMICONDUCTOR LTD BM	$0	–	-219,260	–	-0.57%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC-ADRspon adr a	$0	–	-170,800	–	-0.63%	–
FOXA	Exit	TWENTY-FIRST CENTURY FOX INCcl a	$0	–	-387,892	–	-0.82%	–
TWX	Exit	TIME WARNER INC.	$0	–	-157,593	–	-0.89%	–
NRF	Exit	NORTHSTAR REALTY FINANCE CORP	$0	–	-1,921,153	–	-1.98%	–
CVS	Exit	CVS HEALTH CORP.	$0	–	-437,610	–	-2.97%	–

Q2 2015

			Value		Shares		↓ Weighting
	New	APPLE INC.	$129,108,000	–	825,469	–	6.69%	–
MSG	New	MADISON SQUARE GARDEN CO-Acl a	$128,990,000	–	1,238,948	–	6.69%	–
AGN	New	ALLERGAN PLC	$105,924,000	–	279,914	–	5.49%	–
TMUS	New	T-MOBILE US INC.	$102,525,000	–	2,120,620	–	5.32%	–
OAK	New	OAKTREE CAPITAL GROUP LLCunit cl a	$91,512,000	–	1,379,943	–	4.74%	–
MCO	New	MOODY'S CORP	$75,204,000	–	558,607	–	3.90%	–
GOOGL	New	GOOGLE INC. CL 'A'cl a	$70,090,000	–	104,079	–	3.63%	–
DAL	New	DELTA AIR LINES INC.	$69,138,000	–	1,349,631	–	3.58%	–
NSAM	New	NORTHSTAR ASSET MGT CORP. INC.	$68,297,000	–	2,962,077	–	3.54%	–
MO	New	ALTRIA GROUP INC.	$65,450,000	–	1,073,106	–	3.39%	–
MA	New	MASTERCARD INC-CLASS Acl a	$64,559,000	–	553,823	–	3.35%	–
ABBV	New	ABBVIE INC.	$59,150,000	–	705,965	–	3.07%	–
CVS	New	CVS HEALTH CORP.	$57,233,000	–	437,610	–	2.97%	–
VRSK	New	VERISK ANALYTICS INC.	$54,084,000	–	596,081	–	2.80%	–
PF	New	PINNACLE FOODS INC	$54,030,000	–	951,419	–	2.80%	–
CMCSA	New	COMCAST CORPORATION 'A'cl a	$53,246,000	–	709,987	–	2.76%	–
WFC	New	WELLS FARGO COMPANY	$52,032,000	–	741,923	–	2.70%	–
RYAAY	New	RYANAIR HLDGS PLC-SP ADRsponsored adr	$48,118,000	–	540,810	–	2.50%	–
PCP	New	PRECISION CASTPARTS CORP.	$41,601,000	–	166,912	–	2.16%	–
NRF	New	NORTHSTAR REALTY FINANCE CORP	$38,092,000	–	1,921,153	–	1.98%	–
HEIA	New	HEICO CORP- CLASS Acl a	$36,717,000	–	579,957	–	1.90%	–
AER	New	AERCAP HOLDINGS NV	$36,118,000	–	632,530	–	1.87%	–
NVO	New	NOVO NORDISK A/S ADRadr	$34,826,000	–	510,000	–	1.81%	–
NVS	New	NOVARTIS AG-ADRsponsored adr	$29,444,000	–	240,100	–	1.53%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$27,251,000	–	181,095	–	1.41%	–
UBS	New	UBS AG - REG	$26,965,000	–	1,020,000	–	1.40%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$26,567,000	–	369,736	–	1.38%	–
TTE	New	TOTAL SA SPON ADRsponsored adr	$22,993,000	–	375,000	–	1.19%	–
BRCM	New	BROADCOM CORP. CL 'A'cl a	$21,890,000	–	340,915	–	1.14%	–
DIS	New	WALT DISNEY CO.	$20,851,000	–	146,496	–	1.08%	–
WYNN	New	WYNN RESORTS LTD.	$20,346,000	–	165,356	–	1.06%	–
TWX	New	TIME WARNER INC.	$17,178,000	–	157,593	–	0.89%	–
FOXA	New	TWENTY-FIRST CENTURY FOX INCcl a	$15,742,000	–	387,892	–	0.82%	–
MLCO	New	MELCO CROWN ENTERTAINMENTadr	$14,198,000	–	580,000	–	0.74%	–
RDSA	New	ROYAL DUTCH SHELL PLC-ADRspon adr a	$12,143,000	–	170,800	–	0.63%	–
COT	New	COTT CORPORATION	$12,139,000	–	995,357	–	0.63%	–
GOOG	New	GOOGLE INC. CL 'C'cl c	$11,055,000	–	17,032	–	0.57%	–
FSL	New	FREESCALE SEMICONDUCTOR LTD BM	$10,929,000	–	219,260	–	0.57%	–
HON	New	HONEYWELL INTERNATIONAL INC.	$10,685,000	–	84,033	–	0.55%	–
JPM	New	JP MORGAN CHASE & CO.	$9,763,000	–	115,547	–	0.51%	–
SABR	New	SABRE CORP	$7,760,000	–	261,480	–	0.40%	–
TK	New	TEEKAY CORP.	$7,325,000	–	137,175	–	0.38%	–
PINC	New	PREMIER INC. 'A'cl a	$6,588,000	–	137,366	–	0.34%	–
	New	S&P DEPOSITARY RE $208 PUT 08/	$6,174,000	–	10,900	–	0.32%	–
HD	New	HOME DEPOT INC.	$5,866,000	–	42,330	–	0.30%	–
CKEC	New	CARMIKE CINEMAS INC.	$4,995,000	–	150,920	–	0.26%	–
LEN	New	LENNAR CORP. CL Acl a	$3,825,000	–	60,095	–	0.20%	–
IR	New	INGERSOLL-RAND PLC	$3,619,000	–	43,046	–	0.19%	–
LCI	New	LANNETT CO INC	$3,233,000	–	43,618	–	0.17%	–
ECL	New	ECOLAB INC.	$3,042,000	–	21,575	–	0.16%	–
EVC	New	ENTRAVISION COMMUNICATIONS 'A'cl a	$3,031,000	–	295,370	–	0.16%	–
XOM	New	EXXON MOBIL CORPORATION	$2,653,000	–	25,569	–	0.14%	–
	New	DXJ UB $55.22 CALL 01/20/17	$2,563,000	–	3,000	–	0.13%	–
MDT	New	MEDTRONIC PLC	$2,421,000	–	26,195	–	0.13%	–
BX	New	THE BLACKSTONE GROUP LP	$2,051,000	–	40,240	–	0.11%	–
RGA	New	REINSURANCE GROUP OF AMERICA A	$1,997,000	–	16,879	–	0.10%	–
TTC	New	TORO CO	$1,984,000	–	23,467	–	0.10%	–
LB	New	L BRANDS INC	$1,526,000	–	14,276	–	0.08%	–
KFS	New	KINGSWAY FINANCIAL SERVICES	$1,489,000	–	200,000	–	0.08%	–
AWAY	New	HOMEAWAY INC.	$1,433,000	–	36,920	–	0.07%	–
WPG	New	WP GLIMCHER INC	$1,312,000	–	77,780	–	0.07%	–
CSTE	New	CAESARSTONE SDOT-YAM LTD	$1,291,000	–	15,110	–	0.07%	–
LGF	New	LIONS GATE ENTERTAINMENT CORP.	$1,137,000	–	24,610	–	0.06%	–
	New	BERKSHIRE HATHAWAY INC. CL Bcl b new	$933,000	–	5,495	–	0.05%	–
WCIC	New	WCI COMMUNITIES INC	$697,000	–	22,930	–	0.04%	–
KBE	New	SPDR S & P BANK ETFs&p bk etf	$629,000	–	13,900	–	0.03%	–
	New	MADISON SQUARE GARDEN $75 CALL	$571,000	–	500	–	0.03%	–
SJT	New	SAN JUAN BASIN ROYALTY TRUSTunit ben int	$335,000	–	25,000	–	0.02%	–
	New	TEEKAY CORP $40 CALL 10/16/201	$293,000	–	500	–	0.02%	–
PFE	New	PFIZER INC.	$263,000	–	6,296	–	0.01%	–
	New	BERKSHIRE HATHAWAY CL. Acl a	$255,000	–	1	–	0.01%	–
	New	NORTHSTAR ASSET MNGT $20 CALL	$225,000	–	1,500	–	0.01%	–
RWR	New	SPDR DOW JONES REIT ETFdj reit etf	$230,000	–	2,185	–	0.01%	–
TIP	New	ISHARES TIPS BOND ETFtips bd etf	$221,000	–	1,580	–	0.01%	–
VEU	New	VANGAURD FTSE ALL-WORLDallwrld ex us	$202,000	–	3,335	–	0.01%	–
SBGL	New	SIBANYE GOLD LTD SPON ADR W/Isponsored adr	$123,000	–	15,225	–	0.01%	–
GFI	New	GOLD FIELD LTD SPONS ADRsponsored adr	$58,000	–	14,300	–	0.00%	–
VRNG	New	VRINGO INC	$28,000	–	41,000	–	0.00%	–
CIDM	New	CINEDIGM CORP.	$19,000	–	21,351	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
NSPH	Exit	NANOSPHERE INC	$0	–	-25,000	–	-0.00%	–
CIDM	Exit	CINEDIGM CORP.	$0	–	-21,351	–	-0.00%	–
VRNG	Exit	VRINGO INC	$0	–	-41,000	–	-0.00%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-13,960	–	-0.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. Acl a	$0	–	-1	–	-0.02%	–
SJT	Exit	SAN JUAN BASIN ROYALTY TRUSTunit ben int	$0	–	-25,000	–	-0.04%	–
UFS	Exit	DOMTAR CORP.	$0	–	-15,980	–	-0.04%	–
	Exit	SPDR S&P500 ETF $194 PUT 11/22	$0	–	-2,000	–	-0.05%	–
LGF	Exit	LIONS GATE ENTERTAINMENT CORP.	$0	–	-22,084	–	-0.05%	–
	Exit	SKYWORKS SOLUTIONS $60 CALL 01	$0	–	-2,500	–	-0.07%	–
CSTE	Exit	CAESARSTONE SDOT-YAM LTD	$0	–	-24,940	–	-0.10%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA A	$0	–	-16,879	–	-0.10%	–
	Exit	FIN SELECT SECTOR SPDR $24 CAL	$0	–	-55,000	–	-0.13%	–
	Exit	ISHARES RUSSELL $110 PUT 11/22	$0	–	-5,000	–	-0.14%	–
APC	Exit	ANADARKO PETROLEUM CORP.	$0	–	-18,764	–	-0.14%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-155,550	–	-0.17%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-29,519	–	-0.21%	–
FL	Exit	FOOT LOCKER INC	$0	–	-57,800	–	-0.24%	–
TTC	Exit	TORO CO	$0	–	-63,777	–	-0.28%	–
L	Exit	LOEWS CORP.	$0	–	-105,530	–	-0.33%	–
QEP	Exit	QEP RESOURCES	$0	–	-153,708	–	-0.35%	–
ITT	Exit	ITT CORP	$0	–	-114,800	–	-0.39%	–
PII	Exit	POLARIS INDUSTRIES, INC.	$0	–	-43,590	–	-0.49%	–
EXPE	Exit	EXPEDIA INC.	$0	–	-75,575	–	-0.50%	–
DFODQ	Exit	DEAN FOODS CO.	$0	–	-506,130	–	-0.50%	–
GOOG	Exit	GOOGLE INC. CL 'C'cl c	$0	–	-12,747	–	-0.55%	–
ASML	Exit	ASML HOLDING NV-NY REG SHS	$0	–	-75,000	–	-0.55%	–
PSX	Exit	PHILLIPS 66	$0	–	-105,334	–	-0.64%	–
LB	Exit	L BRANDS INC	$0	–	-137,960	–	-0.69%	–
MLCO	Exit	MELCO CROWN ENTERTAINMENTadr	$0	–	-357,600	–	-0.70%	–
NVO	Exit	NOVO NORDISK A/S ADRadr	$0	–	-200,000	–	-0.71%	–
MCO	Exit	MOODY'S CORP	$0	–	-101,245	–	-0.72%	–
JPM	Exit	JP MORGAN CHASE & CO.	$0	–	-161,120	–	-0.73%	–
RYAAY	Exit	RYANAIR HLDGS PLC-SP ADRsponsored adr	$0	–	-174,794	–	-0.74%	–
TTE	Exit	TOTAL SA SPON ADRsponsored adr	$0	–	-154,500	–	-0.74%	–
BIP	Exit	BROOKFIELD INFRASTRUCTURE P LPlp int unit	$0	–	-269,710	–	-0.77%	–
AME	Exit	AMETEK INC	$0	–	-218,190	–	-0.82%	–
TAP	Exit	MOLSON COORS BREWING CO. 'B'cl b	$0	–	-150,930	–	-0.84%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-107,722	–	-0.85%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC-ADRspon adr a	$0	–	-157,000	–	-0.89%	–
EMC	Exit	EMC CORP.	$0	–	-417,620	–	-0.91%	–
CHTR	Exit	CHARTER COMMUNICATION - Acl a new	$0	–	-85,310	–	-0.96%	–
NVS	Exit	NOVARTIS AG-ADRsponsored adr	$0	–	-154,100	–	-1.08%	–
APA	Exit	APACHE CORP. COMMON	$0	–	-171,300	–	-1.20%	–
MSG	Exit	MADISON SQUARE GARDEN CO-Acl a	$0	–	-272,310	–	-1.35%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-206,720	–	-1.35%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-424,160	–	-1.47%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-379,605	–	-1.57%	–
BX	Exit	THE BLACKSTONE GROUP LP	$0	–	-669,299	–	-1.58%	–
AMH	Exit	AMERICAN HOMES 4 RENT 'A'cl a	$0	–	-1,255,560	–	-1.59%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC.	$0	–	-382,626	–	-1.66%	–
HON	Exit	HONEYWELL INTERNATIONAL INC.	$0	–	-253,830	–	-1.77%	–
ECL	Exit	ECOLAB INC.	$0	–	-212,453	–	-1.82%	–
DD	Exit	DUPONT (E.I.) DE NEMOURS	$0	–	-368,120	–	-1.98%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC.	$0	–	-242,360	–	-2.20%	–
OAK	Exit	OAKTREE CAPITAL GROUP LLCunit 99/99/9999	$0	–	-584,969	–	-2.24%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$0	–	-273,925	–	-2.27%	–
AMGN	Exit	AMGEN INC.	$0	–	-216,820	–	-2.28%	–
WFC	Exit	WELLS FARGO COMPANY	$0	–	-590,825	–	-2.29%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP.	$0	–	-396,350	–	-2.41%	–
AMT	Exit	AMERICAN TOWER REIT INC.	$0	–	-356,838	–	-2.50%	–
HEIA	Exit	HEICO CORP- CLASS Acl a	$0	–	-852,337	–	-2.57%	–
CKEC	Exit	CARMIKE CINEMAS INC.	$0	–	-1,111,373	–	-2.57%	–
	Exit	APPLE INC.	$0	–	-371,319	–	-2.80%	–
DIS	Exit	WALT DISNEY CO.	$0	–	-471,022	–	-3.14%	–
AGN	Exit	ALLERGAN INC	$0	–	-235,648	–	-3.14%	–
CVS	Exit	CVS HEALTH CORP.	$0	–	-563,290	–	-3.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-422,714	–	-3.37%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-570,299	–	-3.69%	–
NSAM	Exit	NORTHSTAR ASSET MGT CORP. INC.	$0	–	-2,983,030	–	-4.11%	–
MO	Exit	ALTRIA GROUP INC.	$0	–	-1,295,290	–	-4.45%	–
NRF	Exit	NORTHSTAR REALTY FINANCE CORP	$0	–	-3,698,612	–	-4.89%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC. CL Bcl b new	$0	–	-482,302	–	-4.98%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-1,077,500	–	-5.19%	–

Q3 2014

			Value		Shares		↓ Weighting
DFS	Buy	DISCOVER FINANCIAL SERVICES	$69,380,000	+7.7%	1,077,500	+3.7%	5.19%	+19.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC. CL Bcl b new	$66,625,000	+5.3%	482,302	-3.5%	4.98%	+16.4%
NRF	New	NORTHSTAR REALTY FINANCE CORP	$65,355,000	–	3,698,612	–	4.89%	–
MO	Buy	ALTRIA GROUP INC.	$59,506,000	+603.0%	1,295,290	+541.8%	4.45%	+676.4%
NSAM	New	NORTHSTAR ASSET MGT CORP. INC.	$54,947,000	–	2,983,030	–	4.11%	–
F113PS	Sell	COVIDIEN PLC	$49,337,000	-19.0%	570,299	-15.6%	3.69%	-10.5%
JNJ	Buy	JOHNSON & JOHNSON	$45,057,000	+2.5%	422,714	+0.6%	3.37%	+13.3%
CVS	Buy	CVS HEALTH CORP.	$44,832,000	+6.1%	563,290	+0.4%	3.35%	+17.2%
AGN	Buy	ALLERGAN INC	$41,990,000	+6.0%	235,648	+0.6%	3.14%	+17.2%
DIS	Buy	WALT DISNEY CO.	$41,935,000	+9.2%	471,022	+5.2%	3.14%	+20.7%
	Sell	APPLE INC.	$37,410,000	-56.4%	371,319	-59.8%	2.80%	-51.8%
CKEC	Sell	CARMIKE CINEMAS INC.	$34,430,000	-26.3%	1,111,373	-16.4%	2.57%	-18.5%
HEIA	Sell	HEICO CORP- CLASS Acl a	$34,349,000	-0.9%	852,337	-0.1%	2.57%	+9.6%
AMT	Buy	AMERICAN TOWER REIT INC.	$33,411,000	+4.2%	356,838	+0.2%	2.50%	+15.2%
WYND	Buy	WYNDHAM WORLDWIDE CORP.	$32,207,000	+7.8%	396,350	+0.5%	2.41%	+19.1%
WFC	Buy	WELLS FARGO COMPANY	$30,646,000	-0.9%	590,825	+0.4%	2.29%	+9.5%
AMGN	New	AMGEN INC.	$30,455,000	–	216,820	–	2.28%	–
BUD	Buy	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$30,365,000	+60.4%	273,925	+66.3%	2.27%	+77.2%
OAK	Sell	OAKTREE CAPITAL GROUP LLCunit 99/99/9999	$29,892,000	-23.1%	584,969	-24.8%	2.24%	-15.0%
TMO	Buy	THERMO FISHER SCIENTIFIC INC.	$29,495,000	+3.9%	242,360	+0.7%	2.20%	+14.8%
DD	New	DUPONT (E.I.) DE NEMOURS	$26,416,000	–	368,120	–	1.98%	–
ECL	Buy	ECOLAB INC.	$24,396,000	+17.3%	212,453	+13.7%	1.82%	+29.6%
HON	New	HONEYWELL INTERNATIONAL INC.	$23,637,000	–	253,830	–	1.77%	–
SWKS	Sell	SKYWORKS SOLUTIONS INC.	$22,211,000	-1.7%	382,626	-20.5%	1.66%	+8.6%
AMH	Buy	AMERICAN HOMES 4 RENT 'A'cl a	$21,206,000	+565.8%	1,255,560	+600.1%	1.59%	+637.7%
BX	Sell	THE BLACKSTONE GROUP LP	$21,070,000	-28.9%	669,299	-24.4%	1.58%	-21.4%
TEL	Sell	TE CONNECTIVITY LTD	$20,988,000	-69.4%	379,605	-65.8%	1.57%	-66.2%
MSFT	Buy	MICROSOFT CORPORATION	$19,664,000	+11.2%	424,160	+0.0%	1.47%	+22.9%
AXP	New	AMERICAN EXPRESS COMPANY	$18,096,000	–	206,720	–	1.35%	–
MSG	New	MADISON SQUARE GARDEN CO-Acl a	$18,005,000	–	272,310	–	1.35%	–
APA	Buy	APACHE CORP. COMMON	$16,080,000	+173.8%	171,300	+193.5%	1.20%	+202.8%
CHTR	Sell	CHARTER COMMUNICATION - Acl a new	$12,913,000	-64.3%	85,310	-62.6%	0.96%	-60.5%
EMC	New	EMC CORP.	$12,220,000	–	417,620	–	0.91%	–
RDSA	Sell	ROYAL DUTCH SHELL PLC-ADRspon adr a	$11,952,000	-29.6%	157,000	-23.8%	0.89%	-22.1%
UTX	Sell	UNITED TECHNOLOGIES CORP	$11,375,000	-53.4%	107,722	-49.1%	0.85%	-48.5%
TAP	New	MOLSON COORS BREWING CO. 'B'cl b	$11,235,000	–	150,930	–	0.84%	–
AME	Buy	AMETEK INC	$10,955,000	+95.3%	218,190	+103.4%	0.82%	+116.1%
BIP	Buy	BROOKFIELD INFRASTRUCTURE P LPlp int unit	$10,249,000	-8.8%	269,710	+0.1%	0.77%	+0.8%
TTE	Sell	TOTAL SA SPON ADRsponsored adr	$9,958,000	-46.1%	154,500	-39.6%	0.74%	-40.4%
RYAAY	Buy	RYANAIR HLDGS PLC-SP ADRsponsored adr	$9,864,000	+9.3%	174,794	+8.1%	0.74%	+21.0%
JPM	Buy	JP MORGAN CHASE & CO.	$9,706,000	+138.1%	161,120	+127.7%	0.73%	+163.0%
MCO	Buy	MOODY'S CORP	$9,568,000	+50.5%	101,245	+39.6%	0.72%	+66.3%
NVO	Sell	NOVO NORDISK A/S ADRadr	$9,524,000	-17.5%	200,000	-20.0%	0.71%	-8.8%
LB	Sell	L BRANDS INC	$9,241,000	-53.4%	137,960	-59.2%	0.69%	-48.5%
PSX	Buy	PHILLIPS 66	$8,565,000	+71.4%	105,334	+69.6%	0.64%	+89.3%
ASML	Sell	ASML HOLDING NV-NY REG SHS	$7,412,000	-18.9%	75,000	-23.5%	0.55%	-10.4%
GOOG	Sell	GOOGLE INC. CL 'C'cl c	$7,360,000	-30.2%	12,747	-30.4%	0.55%	-22.9%
DFODQ	New	DEAN FOODS CO.	$6,706,000	–	506,130	–	0.50%	–
EXPE	Sell	EXPEDIA INC.	$6,622,000	-48.9%	75,575	-54.1%	0.50%	-43.6%
PII	New	POLARIS INDUSTRIES, INC.	$6,529,000	–	43,590	–	0.49%	–
ITT	New	ITT CORP	$5,159,000	–	114,800	–	0.39%	–
QEP	Buy	QEP RESOURCES	$4,731,000	-1.6%	153,708	+10.3%	0.35%	+8.9%
L	New	LOEWS CORP.	$4,396,000	–	105,530	–	0.33%	–
TTC	Sell	TORO CO	$3,778,000	-60.4%	63,777	-57.5%	0.28%	-56.3%
FL	Sell	FOOT LOCKER INC	$3,217,000	-40.1%	57,800	-45.4%	0.24%	-33.6%
F	New	FORD MOTOR COMPANY	$2,301,000	–	155,550	–	0.17%	–
APC	Sell	ANADARKO PETROLEUM CORP.	$1,903,000	-72.0%	18,764	-69.8%	0.14%	-69.1%
	New	ISHARES RUSSELL $110 PUT 11/22	$1,860,000	–	5,000	–	0.14%	–
	New	FIN SELECT SECTOR SPDR $24 CAL	$1,705,000	–	55,000	–	0.13%	–
CSTE	Sell	CAESARSTONE SDOT-YAM LTD	$1,289,000	-82.6%	24,940	-83.5%	0.10%	-80.9%
	New	SKYWORKS SOLUTIONS $60 CALL 01	$888,000	–	2,500	–	0.07%	–
	New	SPDR S&P500 ETF $194 PUT 11/22	$650,000	–	2,000	–	0.05%	–
UFS	Sell	DOMTAR CORP.	$561,000	-23.5%	15,980	-6.5%	0.04%	-16.0%
BRKA	New	BERKSHIRE HATHAWAY CL. Acl a	$207,000	–	1	–	0.02%	–
VRNG	Buy	VRINGO INC	$39,000	+14.7%	41,000	+310.0%	0.00%	+50.0%
VLO	Exit	VALERO ENERGY CORP. COM	$0	–	-18,879	–	-0.06%	–
USB	Exit	US BANCORP	$0	–	-39,600	–	-0.12%	–
QCOM	Exit	QUALCOMM INC.	$0	–	-23,945	–	-0.13%	–
GWR	Exit	GENESEE & WYOMING INC - CL Acl a	$0	–	-30,430	–	-0.22%	–
GOOGL	Exit	GOOGLE INC. CL 'A'cl a	$0	–	-8,960	–	-0.35%	–
FB	Exit	FACEBOOK INC - Acl a	$0	–	-87,670	–	-0.40%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-109,850	–	-0.53%	–
HOG	Exit	HARLEY-DAVIDSON INC	$0	–	-130,970	–	-0.62%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-135,560	–	-0.64%	–
STO	Exit	STATOIL ASA - ADRsponsored adr	$0	–	-432,000	–	-0.90%	–
AN	Exit	AUTONATION INC.	$0	–	-260,300	–	-1.05%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-411,100	–	-1.13%	–
BID	Exit	SOTHEBY'S	$0	–	-423,280	–	-1.20%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-334,877	–	-1.42%	–
NCMI	Exit	NATIONAL CINEMEDIA INC.	$0	–	-1,253,660	–	-1.48%	–
HD	Exit	HOME DEPOT INC.	$0	–	-308,548	–	-1.69%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-257,820	–	-1.79%	–
MCD	Exit	MCDONALDS CORP.	$0	–	-288,380	–	-1.96%	–
DHR	Exit	DANAHER CORP.	$0	–	-564,385	–	-3.01%	–
NRF	Exit	NORTHSTAR REALTY FINANCE CORP	$0	–	-3,424,390	–	-3.89%	–

Q2 2014

			Value		Shares		↓ Weighting
	New	APPLE INC.	$85,774,000	–	922,993	–	5.80%	–
TEL	New	TE CONNECTIVITY LTD	$68,560,000	–	1,108,671	–	4.64%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$64,415,000	–	1,039,290	–	4.36%	–
BRKB	New	BERKSHIRE HATHAWAY INC. CL Bcl b new	$63,246,000	–	499,732	–	4.28%	–
F113PS	New	COVIDIEN PLC	$60,937,000	–	675,729	–	4.12%	–
NRF	New	NORTHSTAR REALTY FINANCE CORP	$57,530,000	–	3,424,390	–	3.89%	–
CKEC	New	CARMIKE CINEMAS INC.	$46,718,000	–	1,329,863	–	3.16%	–
DHR	New	DANAHER CORP.	$44,434,000	–	564,385	–	3.01%	–
JNJ	New	JOHNSON & JOHNSON	$43,960,000	–	420,191	–	2.97%	–
CVS	New	CVS/CAREMARK CORPORATION	$42,273,000	–	560,870	–	2.86%	–
AGN	New	ALLERGAN INC	$39,619,000	–	234,128	–	2.68%	–
OAK	New	OAKTREE CAPITAL GROUP LLCunit 99/99/9999	$38,871,000	–	777,574	–	2.63%	–
DIS	New	WALT DISNEY CO.	$38,387,000	–	447,708	–	2.60%	–
CHTR	New	CHARTER COMMUNICATION - Acl a new	$36,149,000	–	228,240	–	2.44%	–
HEIA	New	HEICO CORP- CLASS Acl a	$34,649,000	–	853,427	–	2.34%	–
AMT	New	AMERICAN TOWER REIT INC.	$32,050,000	–	356,188	–	2.17%	–
WFC	New	WELLS FARGO COMPANY	$30,920,000	–	588,285	–	2.09%	–
WYND	New	WYNDHAM WORLDWIDE CORP.	$29,869,000	–	394,470	–	2.02%	–
BX	New	THE BLACKSTONE GROUP LP	$29,621,000	–	885,799	–	2.00%	–
MCD	New	MCDONALDS CORP.	$29,051,000	–	288,380	–	1.96%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$28,400,000	–	240,680	–	1.92%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$26,460,000	–	257,820	–	1.79%	–
HD	New	HOME DEPOT INC.	$24,980,000	–	308,548	–	1.69%	–
UTX	New	UNITED TECHNOLOGIES CORP	$24,427,000	–	211,582	–	1.65%	–
SWKS	New	SKYWORKS SOLUTIONS INC.	$22,599,000	–	481,246	–	1.53%	–
NCMI	New	NATIONAL CINEMEDIA INC.	$21,952,000	–	1,253,660	–	1.48%	–
IR	New	INGERSOLL-RAND PLC	$20,933,000	–	334,877	–	1.42%	–
ECL	New	ECOLAB INC.	$20,803,000	–	186,843	–	1.41%	–
LB	New	L BRANDS INC	$19,840,000	–	338,220	–	1.34%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$18,932,000	–	164,715	–	1.28%	–
TTE	New	TOTAL SA SPON ADRsponsored adr	$18,483,000	–	256,000	–	1.25%	–
BID	New	SOTHEBY'S	$17,774,000	–	423,280	–	1.20%	–
MSFT	New	MICROSOFT CORPORATION	$17,679,000	–	423,950	–	1.20%	–
RDSA	New	ROYAL DUTCH SHELL PLC-ADRspon adr a	$16,968,000	–	206,000	–	1.15%	–
ORCL	New	ORACLE CORPORATION	$16,662,000	–	411,100	–	1.13%	–
AN	New	AUTONATION INC.	$15,535,000	–	260,300	–	1.05%	–
NVS	New	NOVARTIS AG-ADRsponsored adr	$13,951,000	–	154,100	–	0.94%	–
STO	New	STATOIL ASA - ADRsponsored adr	$13,319,000	–	432,000	–	0.90%	–
EXPE	New	EXPEDIA INC.	$12,961,000	–	164,567	–	0.88%	–
MLCO	New	MELCO CROWN ENTERTAINMENTadr	$12,770,000	–	357,600	–	0.86%	–
NVO	New	NOVO NORDISK A/S ADRadr	$11,548,000	–	250,000	–	0.78%	–
BIP	New	BROOKFIELD INFRASTRUCTURE P LPlp int unit	$11,236,000	–	269,310	–	0.76%	–
GOOG	New	GOOGLE INC. CL 'C'cl c	$10,537,000	–	18,317	–	0.71%	–
TTC	New	TORO CO	$9,540,000	–	150,007	–	0.64%	–
CHD	New	CHURCH & DWIGHT CO INC	$9,482,000	–	135,560	–	0.64%	–
HOG	New	HARLEY-DAVIDSON INC	$9,148,000	–	130,970	–	0.62%	–
ASML	New	ASML HOLDING NV-NY REG SHS	$9,141,000	–	98,000	–	0.62%	–
RYAAY	New	RYANAIR HLDGS PLC-SP ADRsponsored adr	$9,023,000	–	161,704	–	0.61%	–
MO	New	ALTRIA GROUP INC.	$8,465,000	–	201,830	–	0.57%	–
HAL	New	HALLIBURTON COMPANY	$7,800,000	–	109,850	–	0.53%	–
CSTE	New	CAESARSTONE SDOT-YAM LTD	$7,424,000	–	151,270	–	0.50%	–
APC	New	ANADARKO PETROLEUM CORP.	$6,801,000	–	62,124	–	0.46%	–
MCO	New	MOODY'S CORP	$6,358,000	–	72,525	–	0.43%	–
FB	New	FACEBOOK INC - Acl a	$5,899,000	–	87,670	–	0.40%	–
APA	New	APACHE CORP. COMMON	$5,872,000	–	58,355	–	0.40%	–
AME	New	AMETEK INC	$5,608,000	–	107,270	–	0.38%	–
FL	New	FOOT LOCKER INC	$5,371,000	–	105,900	–	0.36%	–
GOOGL	New	GOOGLE INC. CL 'A'cl a	$5,239,000	–	8,960	–	0.35%	–
PSX	New	PHILLIPS 66	$4,997,000	–	62,124	–	0.34%	–
QEP	New	QEP RESOURCES	$4,808,000	–	139,370	–	0.32%	–
JPM	New	JP MORGAN CHASE & CO.	$4,077,000	–	70,760	–	0.28%	–
GWR	New	GENESEE & WYOMING INC - CL Acl a	$3,195,000	–	30,430	–	0.22%	–
AMH	New	AMERICAN HOMES 4 RENT 'A'cl a	$3,185,000	–	179,350	–	0.22%	–
XOM	New	EXXON MOBIL CORPORATION	$2,972,000	–	29,519	–	0.20%	–
QCOM	New	QUALCOMM INC.	$1,896,000	–	23,945	–	0.13%	–
USB	New	US BANCORP	$1,716,000	–	39,600	–	0.12%	–
RGA	New	REINSURANCE GROUP OF AMERICA A	$1,332,000	–	16,879	–	0.09%	–
VLO	New	VALERO ENERGY CORP. COM	$946,000	–	18,879	–	0.06%	–
UFS	New	DOMTAR CORP.	$733,000	–	17,100	–	0.05%	–
LGF	New	LIONS GATE ENTERTAINMENT CORP.	$631,000	–	22,084	–	0.04%	–
SJT	New	SAN JUAN BASIN ROYALTY TRUSTunit ben int	$482,000	–	25,000	–	0.03%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$154,000	–	13,960	–	0.01%	–
CIDM	New	CINEDIGM CORP.	$53,000	–	21,351	–	0.00%	–
NSPH	New	NANOSPHERE INC	$40,000	–	25,000	–	0.00%	–
VRNG	New	VRINGO INC	$34,000	–	10,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
	Exit	MICROSOFT $40 CALL 1/17/2015	$0	–	-6,000	–	0.00%	–
	Exit	MICROSOFT $25 PUT 1/17/2015	$0	–	-8,400	–	-0.00%	–
CIDM	Exit	CINEDIGM DIGITAL CINEMA - A	$0	–	-21,351	–	-0.00%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-13,960	–	-0.01%	–
SJT	Exit	SAN JUAN BASIN ROYALTY TRUSTunit ben int	$0	–	-25,000	–	-0.02%	–
COG	Exit	CABOT OIL & GAS CORP.	$0	–	-23,370	–	-0.06%	–
9207PS	Exit	ROCK-TENN COMPANY CL Acl a	$0	–	-9,260	–	-0.06%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA A	$0	–	-16,879	–	-0.07%	–
MRO	Exit	MARATHON OIL CORP.	$0	–	-33,240	–	-0.07%	–
MSG	Exit	MADISON SQUARE GARDEN CO-Acl a	$0	–	-20,450	–	-0.08%	–
OASPQ	Exit	OASIS PETROLEUM INC.	$0	–	-28,870	–	-0.09%	–
EOG	Exit	EOG RESOURCES INC.	$0	–	-10,640	–	-0.11%	–
CKEC	Exit	CARMIKE CINEMAS INC.	$0	–	-82,602	–	-0.12%	–
LGF	Exit	LIONS GATE ENTERTAINMENT CORP.	$0	–	-58,167	–	-0.13%	–
FCX	Exit	FREEPORT McMORAN COPPER & GOLD	$0	–	-65,110	–	-0.14%	–
FTNT	Exit	FORTINET INC	$0	–	-111,500	–	-0.14%	–
RRC	Exit	RANGE RESOURCES CORP	$0	–	-32,150	–	-0.15%	–
FCEA	Exit	FOREST CITY ENTERPRISES-CL Acl a	$0	–	-130,480	–	-0.16%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-29,403	–	-0.16%	–
USB	Exit	US BANCORP	$0	–	-70,900	–	-0.16%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-54,220	–	-0.18%	–
AME	Exit	AMETEK INC	$0	–	-63,650	–	-0.18%	–
A309PS	Exit	DIRECTV	$0	–	-50,810	–	-0.19%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-53,950	–	-0.21%	–
AMBC	Exit	AMBAC FINANCIAL GROUP INC.	$0	–	-189,260	–	-0.22%	–
PSMT	Exit	PRICESMART INC	$0	–	-42,280	–	-0.25%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-116,570	–	-0.26%	–
JPM	Exit	JP MORGAN CHASE & CO.	$0	–	-81,648	–	-0.27%	–
UL	Exit	UNILEVER PLC-SPONSORED ADRsponsored adr	$0	–	-110,000	–	-0.27%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-87,850	–	-0.27%	–
DB	Exit	DEUTSCHE BANK AGnamen akt	$0	–	-95,000	–	-0.28%	–
CPA	Exit	COPA HOLDINGS SA 'A'cl a	$0	–	-32,000	–	-0.28%	–
SNY	Exit	SANOFI ADRsponsored adr	$0	–	-100,000	–	-0.32%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP.	$0	–	-75,350	–	-0.33%	–
NVO	Exit	NOVO NORDISK A/S ADRadr	$0	–	-31,000	–	-0.33%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-91,850	–	-0.35%	–
KAR	Exit	KAR AUCTION SERVICES INC	$0	–	-205,290	–	-0.36%	–
MAT	Exit	MATTEL INC.	$0	–	-147,490	–	-0.39%	–
DIS	Exit	WALT DISNEY CO.	$0	–	-102,050	–	-0.41%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-131,350	–	-0.42%	–
GWW	Exit	GRAINGER W W INC.	$0	–	-25,350	–	-0.42%	–
HSBC	Exit	HSBC HOLDINGS PLC-SPONS ADRspon adr new	$0	–	-128,000	–	-0.44%	–
DXJ	Exit	WISDOMTREE JAPAN HEDGED EQjapn hedge eqt	$0	–	-146,000	–	-0.44%	–
E	Exit	ENI SPA-SPONSORED ADRsponsored adr	$0	–	-154,000	–	-0.45%	–
IEV	Exit	ISHARES EUROPE ETFeurope etf	$0	–	-162,000	–	-0.45%	–
KBR	Exit	KBR INC.	$0	–	-221,590	–	-0.46%	–
M	Exit	MACY'S INC	$0	–	-171,340	–	-0.47%	–
CBI	Exit	CHICAGO BRIDGE & IRONn y registry sh	$0	–	-112,440	–	-0.48%	–
TM	Exit	TOYOTA MTR CORP ADR	$0	–	-62,500	–	-0.50%	–
1338PS	Exit	UBS AG - REG	$0	–	-390,000	–	-0.50%	–
TXN	Exit	TEXAS INSTRUMENTS INCORPORATED	$0	–	-220,600	–	-0.56%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURITY	$0	–	-215,890	–	-0.57%	–
CMCSA	Exit	COMCAST CORPORATION 'A'cl a	$0	–	-204,685	–	-0.58%	–
MLCO	Exit	MELCO CROWN ENTERTAINMENTadr	$0	–	-300,000	–	-0.60%	–
BIP	Exit	BROOKFIELD INFRASTRUCTURE P LPlp int unit	$0	–	-269,366	–	-0.64%	–
RYAAY	Exit	RYANAIR HLDGS PLC-SP ADRsponsored adr	$0	–	-225,690	–	-0.71%	–
AMZN	Exit	AMAZON.COM INC.	$0	–	-39,977	–	-0.79%	–
QCOM	Exit	QUALCOMM INC.	$0	–	-186,810	–	-0.79%	–
SBUX	Exit	STARBUCKS CORP.	$0	–	-166,230	–	-0.81%	–
OCR	Exit	OMNICARE INC.	$0	–	-234,400	–	-0.82%	–
EXPE	Exit	EXPEDIA INC.	$0	–	-276,450	–	-0.90%	–
FRC	Exit	FIRST REPUBLIC BANK/CA	$0	–	-309,950	–	-0.91%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-230,500	–	-0.96%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-143,395	–	-0.97%	–
ECL	Exit	ECOLAB INC.	$0	–	-157,760	–	-0.98%	–
EMC	Exit	EMC CORP.	$0	–	-629,770	–	-1.01%	–
TTC	Exit	TORO CO	$0	–	-307,587	–	-1.05%	–
SIG	Exit	SIGNET JEWELERS LTD	$0	–	-235,040	–	-1.06%	–
DHR	Exit	DANAHER CORP.	$0	–	-246,390	–	-1.08%	–
SIRI	Exit	SIRIUS XM RADIO INC.	$0	–	-4,693,950	–	-1.15%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-312,910	–	-1.20%	–
KRFT	Exit	KRAFT FOODS GROUP INC.	$0	–	-367,817	–	-1.22%	–
VOD	Exit	VODAFONE GROUP PLC SP ADRspons adr new	$0	–	-559,280	–	-1.24%	–
GS	Exit	GOLDMAN SACHS GROUP INC.	$0	–	-124,350	–	-1.24%	–
CBS	Exit	CBS CORPORATIONcl b	$0	–	-397,914	–	-1.38%	–
GMPRB	Exit	GENERAL MOTORS 4.75% PFD Bjr pfd cnv srb	$0	–	-452,320	–	-1.43%	–
MCO	Exit	MOODY'S CORP	$0	–	-336,880	–	-1.49%	–
CVS	Exit	CVS/CAREMARK CORPORATION	$0	–	-419,510	–	-1.50%	–
LKQ	Exit	LKQ CORP.	$0	–	-752,840	–	-1.51%	–
VIAB	Exit	VIACOM INC. 'B'cl b	$0	–	-287,690	–	-1.51%	–
PFE	Exit	PFIZER INC.	$0	–	-840,085	–	-1.52%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-1,440,500	–	-1.53%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-261,030	–	-1.54%	–
LBTYK	Exit	LIBERTY GLOBAL PLC 'C'	$0	–	-328,510	–	-1.56%	–
BAC	Exit	BANK OF AMERICA CORP.	$0	–	-1,856,030	–	-1.61%	–
C	Exit	CITIGROUP INC.	$0	–	-559,830	–	-1.71%	–
TYC	Exit	TYCO INTERNATIONAL LTD.	$0	–	-785,674	–	-1.73%	–
WFC	Exit	WELLS FARGO COMPANY	$0	–	-674,867	–	-1.76%	–
WYNN	Exit	WYNN RESORTS LTD.	$0	–	-177,430	–	-1.77%	–
MTZ	Exit	MASTEC INC	$0	–	-932,090	–	-1.78%	–
OAK	Exit	OAKTREE CAPITAL GROUP LLCunit 99/99/9999	$0	–	-555,455	–	-1.83%	–
YHOO	Exit	YAHOO! INC.	$0	–	-892,630	–	-1.86%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$0	–	-299,895	–	-1.87%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-368,738	–	-2.01%	–
HEIA	Exit	HEICO CORP- CLASS Acl a	$0	–	-652,274	–	-2.06%	–
BX	Exit	THE BLACKSTONE GROUP LP	$0	–	-1,505,120	–	-2.36%	–
FOXA	Exit	TWENTY-FIRST CENTURY FOX INCcl a	$0	–	-1,123,140	–	-2.37%	–
OMC	Exit	OMNICOM GROUP	$0	–	-631,770	–	-2.52%	–
NCR	Exit	NCR CORPORATION	$0	–	-1,020,152	–	-2.54%	–
CMCSK	Exit	COMCAST CORPORATION SPECIAL Acl a spl	$0	–	-1,033,790	–	-2.82%	–
NOV	Exit	NATIONAL OILWELL VARCO INC.	$0	–	-581,260	–	-2.86%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC. CL Bcl b new	$0	–	-521,950	–	-3.73%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-928,430	–	-3.80%	–
AAPL	Exit	APPLE INC.	$0	–	-132,044	–	-3.96%	–
GOOGL	Exit	GOOGLE INC. 'A'cl a	$0	–	-74,567	–	-4.11%	–

Q3 2013

			Value		Shares		↓ Weighting
GOOGL	Buy	GOOGLE INC. 'A'cl a	$65,314,000	+125.8%	74,567	+138.6%	4.11%	+117.3%
AAPL	New	APPLE INC.	$62,952,000	–	132,044	–	3.96%	–
IR	New	INGERSOLL-RAND PLC	$60,292,000	–	928,430	–	3.80%	–
BRKB	New	BERKSHIRE HATHAWAY INC. CL Bcl b new	$59,247,000	–	521,950	–	3.73%	–
NOV	Buy	NATIONAL OILWELL VARCO INC.	$45,402,000	+82.6%	581,260	+69.4%	2.86%	+75.8%
CMCSK	Sell	COMCAST CORPORATION SPECIAL Acl a spl	$44,815,000	+3.7%	1,033,790	-0.2%	2.82%	-0.1%
NCR	Sell	NCR CORPORATION	$40,408,000	+6.4%	1,020,152	-6.8%	2.54%	+2.4%
OMC	New	OMNICOM GROUP	$40,080,000	–	631,770	–	2.52%	–
FOXA	New	TWENTY-FIRST CENTURY FOX INCcl a	$37,636,000	–	1,123,140	–	2.37%	–
BX	Buy	THE BLACKSTONE GROUP LP	$37,462,000	+15.0%	1,505,120	+2.3%	2.36%	+10.6%
HEIA	Buy	HEICO CORP- CLASS Acl a	$32,705,000	+111.0%	652,274	+63.3%	2.06%	+103.2%
JNJ	Buy	JOHNSON & JOHNSON	$31,966,000	+18.8%	368,738	+23.8%	2.01%	+14.3%
BUD	Buy	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$29,750,000	+102.6%	299,895	+93.8%	1.87%	+95.0%
YHOO	Buy	YAHOO! INC.	$29,609,000	+25.9%	892,630	+0.3%	1.86%	+21.2%
OAK	Buy	OAKTREE CAPITAL GROUP LLCunit 99/99/9999	$29,078,000	+1.9%	555,455	+7.6%	1.83%	-2.0%
MTZ	Buy	MASTEC INC	$28,242,000	+69.8%	932,090	+93.8%	1.78%	+63.4%
WYNN	Sell	WYNN RESORTS LTD.	$28,036,000	-29.9%	177,430	-40.3%	1.77%	-32.5%
WFC	Sell	WELLS FARGO COMPANY	$27,886,000	-33.0%	674,867	-29.7%	1.76%	-35.6%
TYC	New	TYCO INTERNATIONAL LTD.	$27,483,000	–	785,674	–	1.73%	–
C	Buy	CITIGROUP INC.	$27,157,000	+48.6%	559,830	+54.6%	1.71%	+43.0%
BAC	Buy	BANK OF AMERICA CORP.	$25,613,000	+3.5%	1,856,030	+1.4%	1.61%	-0.4%
LBTYK	Sell	LIBERTY GLOBAL PLC 'C'	$24,780,000	+5.5%	328,510	-0.2%	1.56%	+1.6%
OXY	Sell	OCCIDENTAL PETROLEUM CORP	$24,417,000	-0.5%	261,030	-0.2%	1.54%	-4.2%
F	New	FORD MOTOR COMPANY	$24,301,000	–	1,440,500	–	1.53%	–
PFE	Sell	PFIZER INC.	$24,119,000	-11.9%	840,085	-9.7%	1.52%	-15.2%
VIAB	Sell	VIACOM INC. 'B'cl b	$24,045,000	-30.1%	287,690	-40.2%	1.51%	-32.7%
LKQ	Buy	LKQ CORP.	$23,993,000	+32.2%	752,840	+12.3%	1.51%	+27.2%
CVS	Sell	CVS/CAREMARK CORPORATION	$23,807,000	-17.6%	419,510	-12.7%	1.50%	-20.7%
MCO	Sell	MOODY'S CORP	$23,693,000	+9.6%	336,880	-0.2%	1.49%	+5.4%
GMPRB	Buy	GENERAL MOTORS 4.75% PFD Bjr pfd cnv srb	$22,684,000	-0.7%	452,320	+0.3%	1.43%	-4.4%
CBS	Sell	CBS CORPORATIONcl b	$21,949,000	-25.3%	397,914	-30.4%	1.38%	-28.1%
GS	Buy	GOLDMAN SACHS GROUP INC.	$19,673,000	-0.3%	124,350	+0.3%	1.24%	-4.0%
VOD	Sell	VODAFONE GROUP PLC SP ADRspons adr new	$19,676,000	-24.4%	559,280	-35.0%	1.24%	-27.2%
KRFT	Sell	KRAFT FOODS GROUP INC.	$19,303,000	-53.0%	367,817	-47.4%	1.22%	-54.8%
F113PS	Sell	COVIDIEN PLC	$19,069,000	-20.1%	312,910	-13.3%	1.20%	-23.1%
SIRI	Sell	SIRIUS XM RADIO INC.	$18,189,000	-12.9%	4,693,950	-20.8%	1.15%	-16.1%
DHR	New	DANAHER CORP.	$17,080,000	–	246,390	–	1.08%	–
SIG	Sell	SIGNET JEWELERS LTD	$16,841,000	-20.2%	235,040	-21.0%	1.06%	-23.2%
TTC	Buy	TORO CO	$16,717,000	+146.2%	307,587	+116.3%	1.05%	+137.2%
EMC	New	EMC CORP.	$16,097,000	–	629,770	–	1.01%	–
ECL	Sell	ECOLAB INC.	$15,580,000	-29.3%	157,760	-35.9%	0.98%	-32.0%
UTX	Buy	UNITED TECHNOLOGIES CORP	$15,461,000	+39.3%	143,395	+26.3%	0.97%	+34.2%
LVS	Sell	LAS VEGAS SANDS CORP	$15,310,000	-2.8%	230,500	-18.5%	0.96%	-6.5%
FRC	Buy	FIRST REPUBLIC BANK/CA	$14,453,000	+78.7%	309,950	+55.1%	0.91%	+72.0%
EXPE	New	EXPEDIA INC.	$14,323,000	–	276,450	–	0.90%	–
OCR	Buy	OMNICARE INC.	$13,009,000	+30.0%	234,400	+17.5%	0.82%	+25.0%
SBUX	Sell	STARBUCKS CORP.	$12,795,000	+4.3%	166,230	-6.7%	0.81%	+0.4%
QCOM	Sell	QUALCOMM INC.	$12,576,000	-73.7%	186,810	-74.9%	0.79%	-74.7%
AMZN	Buy	AMAZON.COM INC.	$12,498,000	+35.8%	39,977	+26.9%	0.79%	+30.7%
RYAAY	Sell	RYANAIR HLDGS PLC-SP ADRsponsored adr	$11,226,000	-50.8%	225,690	-46.4%	0.71%	-52.6%
BIP	Sell	BROOKFIELD INFRASTRUCTURE P LPlp int unit	$10,241,000	-50.5%	269,366	-50.0%	0.64%	-52.3%
MLCO	Sell	MELCO CROWN ENTERTAINMENTadr	$9,549,000	+20.1%	300,000	-11.2%	0.60%	+15.6%
CMCSA	Buy	COMCAST CORPORATION 'A'cl a	$9,234,000	+161.3%	204,685	+154.3%	0.58%	+151.9%
FBHS	Buy	FORTUNE BRANDS HOME & SECURITY	$8,988,000	+525.5%	215,890	+512.1%	0.57%	+502.1%
TXN	New	TEXAS INSTRUMENTS INCORPORATED	$8,888,000	–	220,600	–	0.56%	–
1338PS	Buy	UBS AG - REG	$8,003,000	+236.3%	390,000	+192.1%	0.50%	+223.1%
TM	Buy	TOYOTA MTR CORP ADR	$8,002,000	+60.1%	62,500	+58.6%	0.50%	+54.1%
CBI	Sell	CHICAGO BRIDGE & IRONn y registry sh	$7,620,000	-33.0%	112,440	-38.0%	0.48%	-35.5%
M	Buy	MACY'S INC	$7,414,000	+21.0%	171,340	+41.1%	0.47%	+16.5%
KBR	Buy	KBR INC.	$7,233,000	+0.5%	221,590	+5.3%	0.46%	-3.2%
IEV	New	ISHARES EUROPE ETFeurope etf	$7,147,000	–	162,000	–	0.45%	–
E	Buy	ENI SPA-SPONSORED ADRsponsored adr	$7,089,000	+151.9%	154,000	+136.2%	0.45%	+142.4%
DXJ	Buy	WISDOMTREE JAPAN HEDGED EQjapn hedge eqt	$6,998,000	+106.7%	146,000	+106.8%	0.44%	+98.6%
HSBC	Buy	HSBC HOLDINGS PLC-SPONS ADRspon adr new	$6,945,000	+124.4%	128,000	+125.7%	0.44%	+115.3%
GWW	New	GRAINGER W W INC.	$6,634,000	–	25,350	–	0.42%	–
DFS	Sell	DISCOVER FINANCIAL SERVICES	$6,638,000	-61.1%	131,350	-61.5%	0.42%	-62.6%
DIS	Sell	WALT DISNEY CO.	$6,581,000	-31.2%	102,050	-29.2%	0.41%	-33.9%
MAT	Sell	MATTEL INC.	$6,177,000	-32.6%	147,490	-23.3%	0.39%	-35.2%
KAR	New	KAR AUCTION SERVICES INC	$5,791,000	–	205,290	–	0.36%	–
CHD	New	CHURCH & DWIGHT CO INC	$5,516,000	–	91,850	–	0.35%	–
NVO	Buy	NOVO NORDISK A/S ADRadr	$5,246,000	+41.8%	31,000	+36.6%	0.33%	+36.4%
COF	New	CAPITAL ONE FINANCIAL CORP.	$5,180,000	–	75,350	–	0.33%	–
SNY	Buy	SANOFI ADRsponsored adr	$5,063,000	+8.7%	100,000	+16.3%	0.32%	+4.6%
CPA	Buy	COPA HOLDINGS SA 'A'cl a	$4,437,000	+63.4%	32,000	+62.4%	0.28%	+56.7%
DB	New	DEUTSCHE BANK AGnamen akt	$4,359,000	–	95,000	–	0.28%	–
UL	Buy	UNILEVER PLC-SPONSORED ADRsponsored adr	$4,244,000	+42.3%	110,000	+57.1%	0.27%	+36.9%
JPM	Sell	JP MORGAN CHASE & CO.	$4,220,000	-23.6%	81,648	-17.9%	0.27%	-26.3%
KMI	Sell	KINDER MORGAN INC	$4,146,000	-72.5%	116,570	-69.0%	0.26%	-73.6%
PSMT	Buy	PRICESMART INC	$4,026,000	+15.1%	42,280	+11.4%	0.25%	+10.9%
AMBC	Buy	AMBAC FINANCIAL GROUP INC.	$3,433,000	-24.3%	189,260	+4.5%	0.22%	-27.3%
GILD	New	GILEAD SCIENCES INC	$3,392,000	–	53,950	–	0.21%	–
A309PS	Sell	DIRECTV	$3,037,000	-12.1%	50,810	-4.7%	0.19%	-15.5%
AME	New	AMETEK INC	$2,929,000	–	63,650	–	0.18%	–
SLH	New	SOLERA HOLDINGS INC	$2,867,000	–	54,220	–	0.18%	–
USB	Sell	US BANCORP	$2,594,000	-67.2%	70,900	-65.9%	0.16%	-68.5%
FCEA	Buy	FOREST CITY ENTERPRISES-CL Acl a	$2,471,000	+301.8%	130,480	+299.9%	0.16%	+290.0%
RRC	Buy	RANGE RESOURCES CORP	$2,440,000	+71.3%	32,150	+83.6%	0.15%	+65.6%
FTNT	New	FORTINET INC	$2,259,000	–	111,500	–	0.14%	–
FCX	Buy	FREEPORT McMORAN COPPER & GOLD	$2,154,000	+328.2%	65,110	+275.7%	0.14%	+312.1%
LGF	Sell	LIONS GATE ENTERTAINMENT CORP.	$2,039,000	+19.2%	58,167	-1.7%	0.13%	+14.3%
CKEC	New	CARMIKE CINEMAS INC.	$1,824,000	–	82,602	–	0.12%	–
EOG	Sell	EOG RESOURCES INC.	$1,801,000	-3.4%	10,640	-21.0%	0.11%	-7.4%
OASPQ	Sell	OASIS PETROLEUM INC.	$1,418,000	-5.8%	28,870	-21.6%	0.09%	-9.2%
MSG	Sell	MADISON SQUARE GARDEN CO-Acl a	$1,188,000	-11.2%	20,450	-4.8%	0.08%	-14.8%
MRO	Sell	MARATHON OIL CORP.	$1,159,000	-24.5%	33,240	-21.3%	0.07%	-27.7%
9207PS	Sell	ROCK-TENN COMPANY CL Acl a	$938,000	-42.9%	9,260	-40.8%	0.06%	-45.4%
COG	Buy	CABOT OIL & GAS CORP.	$872,000	-41.9%	23,370	+16.3%	0.06%	-43.9%
	New	MICROSOFT $25 PUT 1/17/2015	$9,000	–	8,400	–	0.00%	–
	New	MICROSOFT $40 CALL 1/17/2015	$6,000	–	6,000	–	0.00%	–
HK	Exit	HALCON RESOURCES CORP	$0	–	-75,370	–	-0.03%	–
RJF	Exit	RAYMOND JAMES FINANCIAL INC	$0	–	-13,650	–	-0.04%	–
CQB	Exit	CHIQUITA BRANDS INTL	$0	–	-68,500	–	-0.05%	–
MOS	Exit	MOSAIC CO	$0	–	-16,360	–	-0.06%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-24,110	–	-0.11%	–
	Exit	SPDR BARCLAYS HY BOND $41 PUT	$0	–	-6,500	–	-0.11%	–
ASML	Exit	ASML HOLDING NV-NY REG SHS	$0	–	-21,500	–	-0.12%	–
DOX	Exit	AMDOCS LIMITEDord	$0	–	-46,770	–	-0.12%	–
SYT	Exit	SYNGENTA AG - ADRsponsored adr	$0	–	-24,000	–	-0.13%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG ADRsponsored adr	$0	–	-112,000	–	-0.14%	–
AZO	Exit	AUTOZONE INC.	$0	–	-4,932	–	-0.14%	–
PII	Exit	POLARIS INDUSTRIES, INC.	$0	–	-21,990	–	-0.14%	–
IBM	Exit	INT'L. BUSINESS MACHINES	$0	–	-11,966	–	-0.16%	–
SWK	Exit	STANLEY BLACK & DECKER INC.	$0	–	-30,910	–	-0.16%	–
BRP	Exit	BROOKFIELD RESIDENTIAL PROP.IN	$0	–	-118,200	–	-0.18%	–
MTH	Exit	MERITAGE HOMES CORP.	$0	–	-77,850	–	-0.23%	–
HNGR	Exit	HANGER INC.	$0	–	-154,760	–	-0.34%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC.CLcl a	$0	–	-195,250	–	-0.38%	–
APA	Exit	APACHE CORP. COMMON	$0	–	-92,022	–	-0.53%	–
WFM	Exit	WHOLE FOODS MARKET INC.	$0	–	-153,620	–	-0.54%	–
NTAP	Exit	NETAPP INC	$0	–	-225,620	–	-0.59%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-139,640	–	-0.60%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-323,010	–	-0.89%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-178,360	–	-0.94%	–
CSCO	Exit	CISCO SYSTEMS INC.	$0	–	-647,150	–	-1.08%	–
	Exit	AMERICAN EXPRESS COMPANY	$0	–	-221,770	–	-1.14%	–
AMT	Exit	AMERICAN TOWER REIT INC.	$0	–	-327,390	–	-1.65%	–
HD	Exit	HOME DEPOT INC.	$0	–	-327,810	–	-1.75%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-565,159	–	-1.81%	–
CG	Exit	THE CARLYLE GROUP	$0	–	-1,084,544	–	-1.91%	–
	Exit	APPLE INC.	$0	–	-78,501	–	-2.14%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-1,052,355	–	-2.89%	–
	Exit	BERKSHIRE HATHAWAY INC. CL Bcl b new	$0	–	-433,120	–	-3.34%	–

Q2 2013

			Value		Shares		↓ Weighting
	New	BERKSHIRE HATHAWAY INC. CL Bcl b new	$50,976,000	–	433,120	–	3.34%	–
QCOM	New	QUALCOMM INC.	$47,906,000	–	745,700	–	3.14%	–
ADT	New	THE ADT CORPORATION	$44,100,000	–	1,052,355	–	2.89%	–
CMCSK	New	COMCAST CORPORATION SPECIAL Acl a spl	$43,204,000	–	1,035,650	–	2.83%	–
WFC	New	WELLS FARGO COMPANY	$41,642,000	–	959,507	–	2.72%	–
KRFT	New	KRAFT FOODS GROUP INC.	$41,105,000	–	699,622	–	2.69%	–
WYNN	New	WYNN RESORTS LTD.	$39,974,000	–	297,040	–	2.62%	–
NCR	New	NCR CORPORATION	$37,981,000	–	1,094,802	–	2.48%	–
VIAB	New	VIACOM INC. 'B'cl b	$34,397,000	–	480,810	–	2.25%	–
	New	APPLE INC.	$32,734,000	–	78,501	–	2.14%	–
BX	New	THE BLACKSTONE GROUP LP	$32,588,000	–	1,471,448	–	2.13%	–
CBS	New	CBS CORPORATIONcl b	$29,378,000	–	571,654	–	1.92%	–
CG	New	THE CARLYLE GROUP	$29,231,000	–	1,084,544	–	1.91%	–
GOOGL	New	GOOGLE INC. 'A'cl a	$28,928,000	–	31,247	–	1.89%	–
CVS	New	CVS/CAREMARK CORPORATION	$28,891,000	–	480,470	–	1.89%	–
OAK	New	OAKTREE CAPITAL GROUP LLCunit 99/99/9999	$28,539,000	–	516,431	–	1.87%	–
MRK	New	MERCK & CO. INC.	$27,606,000	–	565,159	–	1.81%	–
PFE	New	PFIZER INC.	$27,391,000	–	929,915	–	1.79%	–
JNJ	New	JOHNSON & JOHNSON	$26,903,000	–	297,958	–	1.76%	–
HD	New	HOME DEPOT INC.	$26,706,000	–	327,810	–	1.75%	–
VOD	New	VODAFONE GROUP PLC SP ADRspons adr new	$26,020,000	–	860,770	–	1.70%	–
AMT	New	AMERICAN TOWER REIT INC.	$25,191,000	–	327,390	–	1.65%	–
NOV	New	NATIONAL OILWELL VARCO INC.	$24,867,000	–	343,200	–	1.63%	–
BAC	New	BANK OF AMERICA CORP.	$24,743,000	–	1,829,630	–	1.62%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$24,540,000	–	261,520	–	1.61%	–
F113PS	New	COVIDIEN PLC	$23,858,000	–	361,030	–	1.56%	–
YHOO	New	YAHOO! INC.	$23,520,000	–	890,020	–	1.54%	–
LBTYK	New	LIBERTY GLOBAL PLC 'C'	$23,491,000	–	329,040	–	1.54%	–
GMPRB	New	GENERAL MOTORS 4.75% PFD Bjr pfd cnv srb	$22,835,000	–	450,880	–	1.49%	–
RYAAY	New	RYANAIR HLDGS PLC-SP ADRsponsored adr	$22,818,000	–	421,076	–	1.49%	–
ECL	New	ECOLAB INC.	$22,051,000	–	246,140	–	1.44%	–
MCO	New	MOODY'S CORP	$21,621,000	–	337,430	–	1.42%	–
SIG	New	SIGNET JEWELERS LTD	$21,102,000	–	297,590	–	1.38%	–
SIRI	New	SIRIUS XM RADIO INC.	$20,880,000	–	5,927,050	–	1.37%	–
BIP	New	BROOKFIELD INFRASTRUCTURE P LPlp int unit	$20,675,000	–	538,346	–	1.35%	–
GS	New	GOLDMAN SACHS GROUP INC.	$19,724,000	–	124,010	–	1.29%	–
C	New	CITIGROUP INC.	$18,271,000	–	362,200	–	1.20%	–
LKQ	New	LKQ CORP.	$18,151,000	–	670,310	–	1.19%	–
	New	AMERICAN EXPRESS COMPANY	$17,435,000	–	221,770	–	1.14%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$17,070,000	–	340,730	–	1.12%	–
MTZ	New	MASTEC INC	$16,636,000	–	480,840	–	1.09%	–
CSCO	New	CISCO SYSTEMS INC.	$16,561,000	–	647,150	–	1.08%	–
LVS	New	LAS VEGAS SANDS CORP	$15,751,000	–	282,970	–	1.03%	–
HEIA	New	HEICO CORP- CLASS Acl a	$15,501,000	–	399,370	–	1.01%	–
KMI	New	KINDER MORGAN INC	$15,096,000	–	376,290	–	0.99%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADRsponsored adr	$14,685,000	–	154,715	–	0.96%	–
PG	New	PROCTER & GAMBLE COMPANY	$14,441,000	–	178,360	–	0.94%	–
KO	New	COCA-COLA COMPANY	$13,625,000	–	323,010	–	0.89%	–
SBUX	New	STARBUCKS CORP.	$12,272,000	–	178,130	–	0.80%	–
CBI	New	CHICAGO BRIDGE & IRONn y registry sh	$11,376,000	–	181,320	–	0.74%	–
UTX	New	UNITED TECHNOLOGIES CORP	$11,098,000	–	113,555	–	0.73%	–
OCR	New	OMNICARE INC.	$10,008,000	–	199,480	–	0.66%	–
DIS	New	WALT DISNEY CO.	$9,566,000	–	144,050	–	0.63%	–
AMZN	New	AMAZON.COM INC.	$9,202,000	–	31,511	–	0.60%	–
MAT	New	MATTEL INC.	$9,167,000	–	192,380	–	0.60%	–
KORS	New	MICHAEL KORS HLDGS LTD	$9,107,000	–	139,640	–	0.60%	–
NTAP	New	NETAPP INC	$8,964,000	–	225,620	–	0.59%	–
WFM	New	WHOLE FOODS MARKET INC.	$8,316,000	–	153,620	–	0.54%	–
APA	New	APACHE CORP. COMMON	$8,112,000	–	92,022	–	0.53%	–
FRC	New	FIRST REPUBLIC BANK/CA	$8,089,000	–	199,900	–	0.53%	–
MLCO	New	MELCO CROWN ENTERTAINMENTadr	$7,948,000	–	338,000	–	0.52%	–
USB	New	US BANCORP	$7,897,000	–	207,740	–	0.52%	–
KBR	New	KBR INC.	$7,195,000	–	210,520	–	0.47%	–
TTC	New	TORO CO	$6,790,000	–	142,180	–	0.44%	–
M	New	MACY'S INC	$6,129,000	–	121,420	–	0.40%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC.CLcl a	$5,858,000	–	195,250	–	0.38%	–
JPM	New	JP MORGAN CHASE & CO.	$5,522,000	–	99,478	–	0.36%	–
HNGR	New	HANGER INC.	$5,148,000	–	154,760	–	0.34%	–
TM	New	TOYOTA MTR CORP ADR	$4,999,000	–	39,400	–	0.33%	–
SNY	New	SANOFI ADRsponsored adr	$4,659,000	–	86,000	–	0.30%	–
AMBC	New	AMBAC FINANCIAL GROUP INC.	$4,537,000	–	181,050	–	0.30%	–
AIG	New	AMERICAN INTERNATIONAL GROUP	$4,130,000	–	87,850	–	0.27%	–
NVO	New	NOVO NORDISK A/S ADRadr	$3,699,000	–	22,700	–	0.24%	–
MTH	New	MERITAGE HOMES CORP.	$3,550,000	–	77,850	–	0.23%	–
CMCSA	New	COMCAST CORPORATION 'A'cl a	$3,534,000	–	80,495	–	0.23%	–
PSMT	New	PRICESMART INC	$3,498,000	–	37,960	–	0.23%	–
A309PS	New	DIRECTV	$3,454,000	–	53,290	–	0.23%	–
DXJ	New	WISDOMTREE JAPAN HEDGED EQjapn hedge eqt	$3,386,000	–	70,600	–	0.22%	–
HSBC	New	HSBC HOLDINGS PLC-SPONS ADRspon adr new	$3,095,000	–	56,700	–	0.20%	–
UL	New	UNILEVER PLC-SPONSORED ADRsponsored adr	$2,982,000	–	70,000	–	0.20%	–
E	New	ENI SPA-SPONSORED ADRsponsored adr	$2,814,000	–	65,200	–	0.18%	–
XOM	New	EXXON MOBIL CORPORATION	$2,794,000	–	29,403	–	0.18%	–
BRP	New	BROOKFIELD RESIDENTIAL PROP.IN	$2,742,000	–	118,200	–	0.18%	–
CPA	New	COPA HOLDINGS SA 'A'cl a	$2,716,000	–	19,700	–	0.18%	–
SWK	New	STANLEY BLACK & DECKER INC.	$2,513,000	–	30,910	–	0.16%	–
IBM	New	INT'L. BUSINESS MACHINES	$2,405,000	–	11,966	–	0.16%	–
1338PS	New	UBS AG - REG	$2,380,000	–	133,500	–	0.16%	–
AZO	New	AUTOZONE INC.	$2,198,000	–	4,932	–	0.14%	–
PII	New	POLARIS INDUSTRIES, INC.	$2,197,000	–	21,990	–	0.14%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG ADRsponsored adr	$2,158,000	–	112,000	–	0.14%	–
SYT	New	SYNGENTA AG - ADRsponsored adr	$1,965,000	–	24,000	–	0.13%	–
EOG	New	EOG RESOURCES INC.	$1,864,000	–	13,460	–	0.12%	–
DOX	New	AMDOCS LIMITEDord	$1,824,000	–	46,770	–	0.12%	–
ASML	New	ASML HOLDING NV-NY REG SHS	$1,789,000	–	21,500	–	0.12%	–
LGF	New	LIONS GATE ENTERTAINMENT CORP.	$1,710,000	–	59,194	–	0.11%	–
	New	SPDR BARCLAYS HY BOND $41 PUT	$1,675,000	–	6,500	–	0.11%	–
LULU	New	LULULEMON ATHLETICA INC	$1,661,000	–	24,110	–	0.11%	–
9207PS	New	ROCK-TENN COMPANY CL Acl a	$1,644,000	–	15,650	–	0.11%	–
MRO	New	MARATHON OIL CORP.	$1,536,000	–	42,240	–	0.10%	–
OASPQ	New	OASIS PETROLEUM INC.	$1,505,000	–	36,810	–	0.10%	–
COG	New	CABOT OIL & GAS CORP.	$1,500,000	–	20,090	–	0.10%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY	$1,437,000	–	35,270	–	0.09%	–
RRC	New	RANGE RESOURCES CORP	$1,424,000	–	17,510	–	0.09%	–
MSG	New	MADISON SQUARE GARDEN CO-Acl a	$1,338,000	–	21,470	–	0.09%	–
RGA	New	REINSURANCE GROUP OF AMERICA A	$1,227,000	–	16,879	–	0.08%	–
MOS	New	MOSAIC CO	$926,000	–	16,360	–	0.06%	–
CQB	New	CHIQUITA BRANDS INTL	$787,000	–	68,500	–	0.05%	–
FCEA	New	FOREST CITY ENTERPRISES-CL Acl a	$615,000	–	32,630	–	0.04%	–
RJF	New	RAYMOND JAMES FINANCIAL INC	$617,000	–	13,650	–	0.04%	–
FCX	New	FREEPORT McMORAN COPPER & GOLD	$503,000	–	17,330	–	0.03%	–
HK	New	HALCON RESOURCES CORP	$449,000	–	75,370	–	0.03%	–
SJT	New	SAN JUAN BASIN ROYALTY TRUSTunit ben int	$422,000	–	25,000	–	0.03%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$150,000	–	13,960	–	0.01%	–
CIDM	New	CINEDIGM DIGITAL CINEMA - A	$32,000	–	21,351	–	0.00%	–

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