Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TIP	iShares TIPS Bond ETF	66,153	$7.239M	0.7%	$109.43	—	COM	464287176
ELV	Elevance Health Inc.	17,304	$6.692M	0.7%	$386.73	—	COM	036752103
STIP	iShares 0-5 Year TIPS Bond ETF	64,077	$6.546M	0.7%	$102.16	—	COM	46429B747
RNR	RenaissanceRe Holdings Ltd.	17,278	$5.475M	0.6%	$316.90	—	COM	G7496G103
DINO	HF Sinclair Corporation	72,580	$5.055M	0.5%	$69.65	—	COM	403949100
PFE	Pfizer Inc.	202,967	$4.887M	0.5%	$24.08	—	COM	717081103
NXPI	NXP Semiconductors N.V.	16,370	$4.6M	0.5%	$281.03	—	COM	N6596X109
WIP	SPDR FTSE International Govern	110,143	$4.339M	0.4%	$39.39	—	COM	78464A490
HQY	HealthEquity Inc	41,018	$3.705M	0.4%	$90.32	—	COM	42226A107
PBF	PBF Energy, Inc. Class A	81,188	$3.696M	0.4%	$45.52	—	COM	69318G106
MCY	Mercury General Corp	34,271	$3.654M	0.4%	$106.62	—	COM	589400100
EQT	EQT Corp.	68,246	$3.629M	0.4%	$53.17	—	COM	26884L109
RGA	Reinsurance Group of America I	16,658	$3.542M	0.4%	$212.65	—	COM	759351604
OVV	Ovintiv, Inc.	63,767	$3.357M	0.3%	$52.65	—	COM	69047Q102
AR	Antero Resources Corporation	93,622	$3.29M	0.3%	$35.14	—	COM	03674X106
PAYC	Paycom Software, Inc.	24,618	$3.094M	0.3%	$125.68	—	COM	70432V102
APA	APA Corp.	93,604	$3.049M	0.3%	$32.57	—	COM	03743Q108
FDXF	FedEx Freight Holding Company,	18,414	$2.781M	0.3%	$151.00	—	COM	314352105
CRK	Comstock Resources Inc.	173,475	$2.588M	0.3%	$14.92	—	COM	205768302
ISHG	iShares 1-3 Year International	31,002	$2.302M	0.2%	$74.24	—	COM	464288125
VGNT	Versigent PLC	25,991	$1.092M	0.1%	$42.01	—	COM	G9600F104
QCOM	QUALCOMM Inc.	5,580	$1.031M	0.1%	$184.79	—	COM	747525103
SPY	SPDR S&P 500 ETF	1,364	$1.019M	0.1%	$746.77	—	COM	78462F103
QLYS	Qualys, Inc.	7,057	$970K	0.1%	$137.49	—	COM	74758T303
EG	Everest Group Ltd.	2,658	$950K	0.1%	$357.23	—	COM	G3223R108
XOM	ExxonMobil Holdings Corp.	6,577	$899K	0.1%	$136.72	—	COM	30233Q108
ADI	Analog Devices Inc.	1,900	$755K	0.1%	$397.17	—	COM	032654105
EXE	Expand Energy Corporation	7,944	$724K	0.1%	$91.19	—	COM	165167735
XOP	State Street SPDR S&P Oil & Ga	4,537	$700K	0.1%	$154.26	—	COM	78468R556
GFS	GlobalFoundries Inc.	8,105	$668K	0.1%	$82.41	—	COM	G39387108
CNX	CNX Resources Corporation	16,573	$562K	0.1%	$33.93	—	COM	12653C108
DIOD	Diodes Inc.	4,779	$523K	0.1%	$109.44	—	COM	254543101
SOXX	iShares PHLX Semiconductor ETF	754	$483K	0.0%	$640.76	—	COM	464287523
TTE	TotalEnergies SE Sponsored ADR	5,832	$453K	0.0%	$77.76	—	COM	F92124100
IJR	iShares S&P Small Cap 600 Inde	1,618	$240K	0.0%	$148.31	—	COM	464287804
ACWI	iShares MSCI ACWI ETF	1,455	$228K	0.0%	$156.97	—	COM	464288257
MTCH	Match Group, Inc.	5,611	$213K	0.0%	$38.05	—	COM	57667L107

Increased Positions (18)

AMD Advanced Micro Devices Inc. 1.1%

Value $10.77M (+575.8%) Shares 18,545 (+136.7%) Est. Cost $429.13 Unrealized —

DVN Devon Energy Corp. 0.8%

Value $8.437M (+1047.9%) Shares 204,176 (+1297.9%) Est. Cost $41.24 Unrealized —

NVDA NVIDIA Corp. 1.4%

Value $13.72M (+73.5%) Shares 68,568 (+51.2%) Est. Cost $191.19 Unrealized —

CRUS Cirrus Logic Inc. 0.3%

Value $3.372M (+1224.8%) Shares 22,703 (+1189.9%) Est. Cost $147.29 Unrealized —

LST Leuthold Select Industries ET 0.4%

Value $4.172M (+88.9%) Shares 89,271 (+63.5%) Est. Cost $41.57 Unrealized —

XLE Energy Select Sector SPDR Fund 0.1%

Value $1.432M (+286.7%) Shares 26,969 (+346.0%) Est. Cost $54.94 Unrealized —

IHF iShares U.S. Healthcare Provid 0.2%

Value $2.116M (+58.2%) Shares 38,245 (+19.6%) Est. Cost $63.32 Unrealized —

IAK iShares U.S. Insurance ETF 0.1%

Value $1.187M (+59.9%) Shares 8,446 (+46.0%) Est. Cost $132.77 Unrealized —

HCA HCA Healthcare Inc 0.9%

Value $8.969M (+5.0%) Shares 23,005 (+27.4%) Est. Cost $315.47 Unrealized —

XLB Materials Select Sector SPDR F 0.0%

Value $289K (+15.3%) Shares 5,680 (+13.3%) Est. Cost $45.99 Unrealized —

QUAL iShares Edge MSCI USA Quality 0.0%

Value $275K (+15.9%) Shares 1,255 (+1.3%) Est. Cost $183.57 Unrealized —

FNDF Schwab Fundamental Internation 0.0%

Value $309K (+9.3%) Shares 5,860 (+1.4%) Est. Cost $40.48 Unrealized —

WTM White Mountains Insurance Grou 0.2%

Value $2.289M (-1.0%) Shares 1,104 (+4.9%) Est. Cost $1760.50 Unrealized —

DGRO iShares Core Dividend Growth E 0.0%

Value $253K (+9.5%) Shares 3,341 (+1.4%) Est. Cost $68.19 Unrealized —

PDBC Invesco Optimum Yield Diversified Comm 0.0%

Value $195K (-7.0%) Shares 12,291 (+1.4%) Est. Cost $17.30 Unrealized —

CB Chubb Limited 0.0%

Value $274K (+5.6%) Shares 804 (+1.0%) Est. Cost $255.06 Unrealized —

QLTA iShares Aaa-A Rated Corporate 0.0%

Value $225K (+1.7%) Shares 4,737 (+1.8%) Est. Cost $47.74 Unrealized —

MBSD FlexShares Disciplined Duratio 0.0%

Value $278K (+1.0%) Shares 13,487 (+1.4%) Est. Cost $20.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	Advanced Micro Devices Inc.	18,545 (+136.7%)	$10.77M (+575.8%)	1.1%	$429.13	—	COM	007903107
DVN	Devon Energy Corp.	204,176 (+1297.9%)	$8.437M (+1047.9%)	0.8%	$41.24	—	COM	25179M103
NVDA	NVIDIA Corp.	68,568 (+51.2%)	$13.72M (+73.5%)	1.4%	$191.19	—	COM	67066G104
CRUS	Cirrus Logic Inc.	22,703 (+1189.9%)	$3.372M (+1224.8%)	0.3%	$147.29	—	COM	172755100
LST	Leuthold Select Industries ET	89,271 (+63.5%)	$4.172M (+88.9%)	0.4%	$41.57	—	COM	56167R705
XLE	Energy Select Sector SPDR Fund	26,969 (+346.0%)	$1.432M (+286.7%)	0.1%	$54.94	—	COM	81369Y506
IHF	iShares U.S. Healthcare Provid	38,245 (+19.6%)	$2.116M (+58.2%)	0.2%	$63.32	—	COM	464288828
IAK	iShares U.S. Insurance ETF	8,446 (+46.0%)	$1.187M (+59.9%)	0.1%	$132.77	—	COM	464288786
HCA	HCA Healthcare Inc	23,005 (+27.4%)	$8.969M (+5.0%)	0.9%	$315.47	—	COM	40412C101
XLB	Materials Select Sector SPDR F	5,680 (+13.3%)	$289K (+15.3%)	0.0%	$45.99	—	COM	81369Y100
QUAL	iShares Edge MSCI USA Quality	1,255 (+1.3%)	$275K (+15.9%)	0.0%	$183.57	—	COM	46432F339
FNDF	Schwab Fundamental Internation	5,860 (+1.4%)	$309K (+9.3%)	0.0%	$40.48	—	COM	808524755
WTM	White Mountains Insurance Grou	1,104 (+4.9%)	$2.289M (-1.0%)	0.2%	$1760.50	—	COM	G9618E107
DGRO	iShares Core Dividend Growth E	3,341 (+1.4%)	$253K (+9.5%)	0.0%	$68.19	—	COM	46434V621
PDBC	Invesco Optimum Yield Diversified Comm	12,291 (+1.4%)	$195K (-7.0%)	0.0%	$17.30	—	COM	46090F100
CB	Chubb Limited	804 (+1.0%)	$274K (+5.6%)	0.0%	$255.06	—	COM	H1467J104
QLTA	iShares Aaa-A Rated Corporate	4,737 (+1.8%)	$225K (+1.7%)	0.0%	$47.74	—	COM	46429B291
MBSD	FlexShares Disciplined Duratio	13,487 (+1.4%)	$278K (+1.0%)	0.0%	$20.77	—	COM	33939L779

Exited Positions (11)

SNY Sanofi SA Sponsored ADR 0.5%

Value $4.629M Shares 96,085 Est. Cost $48.45 Unrealized —

SNEX StoneX Group Inc. 0.4%

Value $3.799M Shares 47,107 Est. Cost $101.43 Unrealized —

VC Visteon Corp 0.4%

Value $3.721M Shares 40,842 Est. Cost $113.18 Unrealized —

BR Broadridge Financial Solutions 0.4%

Value $3.674M Shares 22,615 Est. Cost $197.71 Unrealized —

SSNC SS&C Technologies Holdings, In 0.4%

Value $3.647M Shares 53,973 Est. Cost $82.73 Unrealized —

MMS Maximus Inc. 0.3%

Value $2.838M Shares 44,280 Est. Cost $72.95 Unrealized —

ACM AECOM 0.2%

Value $2.408M Shares 28,389 Est. Cost $118.69 Unrealized —

CNXC Concentrix Corporation 0.2%

Value $1.807M Shares 66,034 Est. Cost $46.13 Unrealized —

XOM Exxon Mobil Corp. 0.1%

Value $1.116M Shares 6,577 Est. Cost $115.49 Unrealized —

— TotalEnergies SE Sponsored ADR 0.1%

Value $531K Shares 5,832 Est. Cost $61.39 Unrealized —

KCE SPDR S&P Capital Markets ETF 0.0%

Value $477K Shares 3,470 Est. Cost $137.87 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SNY	Sanofi SA Sponsored ADR	96,085	$4.629M	0.5%	$48.45	—	—	80105N105
SNEX	StoneX Group Inc.	47,107	$3.799M	0.4%	$101.43	—	—	861896108
VC	Visteon Corp	40,842	$3.721M	0.4%	$113.18	—	—	92839U206
BR	Broadridge Financial Solutions	22,615	$3.674M	0.4%	$197.71	—	—	11133T103
SSNC	SS&C Technologies Holdings, In	53,973	$3.647M	0.4%	$82.73	—	—	78467J100
MMS	Maximus Inc.	44,280	$2.838M	0.3%	$72.95	—	—	577933104
ACM	AECOM	28,389	$2.408M	0.2%	$118.69	—	—	00766T100
CNXC	Concentrix Corporation	66,034	$1.807M	0.2%	$46.13	—	—	20602D101
XOM	Exxon Mobil Corp.	6,577	$1.116M	0.1%	$115.49	—	—	30231G102
—	TotalEnergies SE Sponsored ADR	5,832	$531K	0.1%	$61.39	—	—	89151E109
KCE	SPDR S&P Capital Markets ETF	3,470	$477K	0.0%	$137.87	—	—	78464A771

Decreased Positions (118)

GS Goldman Sachs Group Inc. 0.1%

Value $1.101M (-92.9%) Shares 1,089 (-94.1%) Est. Cost $456.37 Unrealized —

MS Morgan Stanley 0.1%

Value $899K (-92.3%) Shares 4,303 (-93.9%) Est. Cost $94.50 Unrealized —

DELL Dell Technologies Inc. Class C 1.3%

Value $13.04M (+132.6%) Shares 30,222 (-11.5%) Est. Cost $119.03 Unrealized —

IBND SPDR Barclays International Co 0.1%

Value $574K (-92.7%) Shares 18,413 (-92.8%) Est. Cost $31.51 Unrealized —

DB Deutsche Bank AG 0.1%

Value $687K (-91.3%) Shares 20,364 (-92.3%) Est. Cost $17.45 Unrealized —

FLEX Flex Ltd. 2.0%

Value $19.95M (+52.1%) Shares 123,091 (-38.6%) Est. Cost $18.51 Unrealized —

BWX SPDR Bloomberg Barclays Intern 1.2%

Value $11.52M (-36.7%) Shares 531,295 (-35.9%) Est. Cost $23.72 Unrealized —

GTX Garrett Motion Inc 1.2%

Value $11.68M (+88.4%) Shares 322,518 (-5.5%) Est. Cost $13.66 Unrealized —

APTV Aptiv PLC 0.1%

Value $840K (-85.3%) Shares 13,692 (-83.3%) Est. Cost $76.65 Unrealized —

CSCO Cisco Systems Inc. 1.7%

Value $16.9M (+38.2%) Shares 143,885 (-8.7%) Est. Cost $60.16 Unrealized —

SPDN Direxion Daily S&P500 Bear 1X 2.6%

Value $26.32M (-14.0%) Shares 3,035,510 (-1.3%) Est. Cost $13.27 Unrealized —

SANM Sanmina Corporation 0.9%

Value $9.207M (+85.4%) Shares 36,379 (-5.0%) Est. Cost $84.88 Unrealized —

LRCX Lam Research Corp. 0.9%

Value $8.537M (+92.5%) Shares 19,702 (-5.1%) Est. Cost $225.94 Unrealized —

GOOGL Alphabet Inc. Cl A 2.3%

Value $22.83M (+19.6%) Shares 63,893 (-3.8%) Est. Cost $107.67 Unrealized —

KGC Kinross Gold Corporation 1.0%

Value $10.35M (-26.0%) Shares 438,079 (-4.3%) Est. Cost $9.51 Unrealized —

FXY Invesco CurrencyShares Japanes 0.2%

Value $1.784M (-66.4%) Shares 31,611 (-65.6%) Est. Cost $64.06 Unrealized —

DAL Delta Air Lines Inc. 0.1%

Value $820K (-81.0%) Shares 8,753 (-86.5%) Est. Cost $68.26 Unrealized —

XLK Technology Select Sector SPDR 1.3%

Value $12.69M (+35.9%) Shares 66,606 (-5.2%) Est. Cost $141.42 Unrealized —

UHS Universal Health Services Inc. 0.1%

Value $809K (-78.7%) Shares 5,442 (-74.4%) Est. Cost $171.65 Unrealized —

SPIB SPDR Intermediate Term Corpora 1.1%

Value $11.3M (-19.8%) Shares 337,668 (-19.6%) Est. Cost $33.18 Unrealized —

GAP Gap Inc. 0.0%

Value $395K (-86.6%) Shares 21,134 (-82.7%) Est. Cost $24.15 Unrealized —

PRIM Primoris Services Corporation 0.5%

Value $4.762M (-34.6%) Shares 48,040 (-5.6%) Est. Cost $106.18 Unrealized —

TEL TE Connectivity Ltd. 0.6%

Value $6.11M (-28.7%) Shares 30,305 (-26.1%) Est. Cost $149.87 Unrealized —

MCK McKesson Corp. 1.2%

Value $11.6M (-17.0%) Shares 15,354 (-5.0%) Est. Cost $389.17 Unrealized —

DY Dycom Industries Inc 0.8%

Value $7.947M (+40.1%) Shares 15,719 (-6.1%) Est. Cost $206.22 Unrealized —

VMBS Vanguard Mortgage-Backed Secur 0.6%

Value $5.517M (-28.8%) Shares 117,868 (-28.6%) Est. Cost $46.96 Unrealized —

FFIV F5 Networks Inc. 0.8%

Value $8.423M (+35.7%) Shares 20,249 (-5.6%) Est. Cost $257.40 Unrealized —

PLXS Plexus Corp. 0.8%

Value $7.533M (+40.8%) Shares 25,054 (-5.2%) Est. Cost $129.35 Unrealized —

HUBG Hub Group Inc (Cl A) 0.1%

Value $574K (-79.0%) Shares 13,100 (-82.7%) Est. Cost $38.17 Unrealized —

FDX FedEx Corp. 1.2%

Value $11.54M (-15.8%) Shares 36,855 (-4.2%) Est. Cost $263.06 Unrealized —

IAG Iamgold Corporation 0.9%

Value $8.847M (-19.0%) Shares 558,547 (-3.8%) Est. Cost $4.87 Unrealized —

URBN Urban Outfitters Inc 0.0%

Value $495K (-80.6%) Shares 6,992 (-82.7%) Est. Cost $70.76 Unrealized —

BHE Benchmark Electronics Inc. 0.5%

Value $4.619M (+64.6%) Shares 46,811 (-6.5%) Est. Cost $37.05 Unrealized —

VMI Valmont Industries Inc. 0.6%

Value $6.433M (+38.5%) Shares 11,137 (-4.2%) Est. Cost $400.14 Unrealized —

REGN Regeneron Pharmaceuticals Inc. 0.6%

Value $5.777M (-23.5%) Shares 9,265 (-5.3%) Est. Cost $611.13 Unrealized —

NTCT NetScout Systems, Inc. 0.8%

Value $7.567M (+30.2%) Shares 173,744 (-5.0%) Est. Cost $24.76 Unrealized —

AEM Agnico-Eagle Mines Ltd. 0.5%

Value $4.508M (-27.7%) Shares 29,057 (-5.4%) Est. Cost $83.71 Unrealized —

C Citigroup Inc. 1.1%

Value $11.28M (+17.0%) Shares 80,600 (-5.2%) Est. Cost $66.31 Unrealized —

XLF Financial Select Sector SPDR F 0.5%

Value $4.569M (-25.1%) Shares 85,223 (-31.1%) Est. Cost $40.40 Unrealized —

EQX Equinox Gold Corp. 0.3%

Value $2.584M (-36.7%) Shares 265,894 (-5.9%) Est. Cost $5.85 Unrealized —

BCS Barclays PLC ADR 0.9%

Value $8.513M (+20.8%) Shares 316,950 (-4.8%) Est. Cost $13.23 Unrealized —

COR Cencora Inc. 0.8%

Value $8.39M (-14.6%) Shares 29,647 (-5.2%) Est. Cost $164.68 Unrealized —

GVA Granite Construction Inc. 0.7%

Value $6.856M (+25.5%) Shares 43,371 (-4.8%) Est. Cost $107.17 Unrealized —

XLC Communication Services Select 0.2%

Value $2.074M (-39.4%) Shares 19,361 (-37.3%) Est. Cost $68.02 Unrealized —

DGII Digi International Inc. 0.4%

Value $4.09M (+48.2%) Shares 54,570 (-4.7%) Est. Cost $31.33 Unrealized —

CM Canadian Imperial Bank of Comm 1.0%

Value $9.584M (+15.4%) Shares 83,342 (-4.9%) Est. Cost $47.43 Unrealized —

CVS CVS Health Corp. 0.4%

Value $4.261M (+36.6%) Shares 41,189 (-5.2%) Est. Cost $64.53 Unrealized —

GILD Gilead Sciences Inc. 0.7%

Value $6.7M (-14.3%) Shares 53,031 (-5.5%) Est. Cost $114.67 Unrealized —

MGA Magna International Inc. 0.9%

Value $9.322M (+11.9%) Shares 141,976 (-4.9%) Est. Cost $44.45 Unrealized —

SLB SLB Limited 0.6%

Value $5.927M (-14.3%) Shares 127,482 (-5.2%) Est. Cost $36.30 Unrealized —

CAH Cardinal Health Inc. 1.5%

Value $14.51M (+6.6%) Shares 61,075 (-5.2%) Est. Cost $76.84 Unrealized —

PRDO Perdoceo Education Corporation 0.4%

Value $3.516M (-19.9%) Shares 109,873 (-6.9%) Est. Cost $31.19 Unrealized —

BAC Bank of America Corp. 0.9%

Value $8.916M (+10.8%) Shares 156,480 (-5.2%) Est. Cost $37.76 Unrealized —

BKR Baker Hughes Company Class A 0.6%

Value $5.636M (-13.3%) Shares 101,551 (-4.7%) Est. Cost $55.06 Unrealized —

UTHR United Therapeutics Corp. 0.6%

Value $5.518M (-13.3%) Shares 10,184 (-5.1%) Est. Cost $374.21 Unrealized —

EGO Eldorado Gold Corp. 0.5%

Value $5.169M (-13.6%) Shares 166,267 (-4.6%) Est. Cost $16.64 Unrealized —

PAAS Pan American Silver Corp. 0.3%

Value $2.688M (-22.7%) Shares 60,006 (-5.7%) Est. Cost $23.22 Unrealized —

META Meta Platforms Inc. Class A 1.1%

Value $10.76M (-6.6%) Shares 19,101 (-5.1%) Est. Cost $188.56 Unrealized —

BIIB Biogen Inc. 0.7%

Value $6.804M (+12.0%) Shares 31,489 (-5.0%) Est. Cost $143.70 Unrealized —

WFRD Weatherford International plc 0.3%

Value $3.167M (-17.6%) Shares 38,864 (-4.4%) Est. Cost $91.99 Unrealized —

FXE Invesco CurrencyShares Euro Tr 0.4%

Value $3.685M (-15.3%) Shares 34,948 (-14.3%) Est. Cost $109.45 Unrealized —

AIZ Assurant Inc. 0.5%

Value $4.524M (+17.2%) Shares 16,846 (-4.9%) Est. Cost $171.57 Unrealized —

SHY iShares 1-3 Year Treasury Bond 1.2%

Value $12.31M (-5.1%) Shares 149,887 (-4.5%) Est. Cost $82.55 Unrealized —

UTI Universal Technical Institute 0.6%

Value $5.839M (+12.3%) Shares 136,531 (-5.2%) Est. Cost $27.08 Unrealized —

PNC PNC Financial Services Group I 0.6%

Value $5.758M (+12.2%) Shares 23,386 (-5.2%) Est. Cost $168.19 Unrealized —

BMY Bristol-Myers Squibb Co. 0.6%

Value $5.639M (-9.9%) Shares 97,869 (-5.2%) Est. Cost $47.74 Unrealized —

CTS CTS Corp 0.3%

Value $2.753M (+27.9%) Shares 42,232 (-6.3%) Est. Cost $40.89 Unrealized —

ERIC Telefonaktiebolaget LM Ericsso 0.9%

Value $8.559M (-6.4%) Shares 767,612 (-5.4%) Est. Cost $8.54 Unrealized —

GSK GSK plc Sponsored ADR 0.5%

Value $5.094M (-10.0%) Shares 97,182 (-5.2%) Est. Cost $49.17 Unrealized —

JPM JPMorgan Chase & Co. 1.0%

Value $10.18M (+5.7%) Shares 31,099 (-5.0%) Est. Cost $196.75 Unrealized —

GDX VanEck Gold Miners ETF 0.2%

Value $1.911M (-21.8%) Shares 25,329 (-4.9%) Est. Cost $36.78 Unrealized —

USB U.S. Bancorp 0.6%

Value $5.566M (+9.9%) Shares 92,155 (-5.3%) Est. Cost $41.29 Unrealized —

UPS United Parcel Service Inc. Cl 1.1%

Value $11.16M (+4.5%) Shares 103,834 (-4.3%) Est. Cost $93.09 Unrealized —

OII Oceaneering International, Inc 0.6%

Value $5.792M (+8.7%) Shares 142,936 (-4.8%) Est. Cost $24.26 Unrealized —

EME Emcor Group Inc 0.7%

Value $7.221M (+6.7%) Shares 8,701 (-5.1%) Est. Cost $650.06 Unrealized —

CHRW C.H. Robinson Worldwide 0.6%

Value $5.642M (+8.6%) Shares 29,954 (-4.3%) Est. Cost $148.00 Unrealized —

THG Hanover Insurance Group Inc. 0.3%

Value $2.919M (+17.6%) Shares 13,633 (-4.8%) Est. Cost $159.11 Unrealized —

MSFT Microsoft Corp. 1.7%

Value $17.4M (-2.4%) Shares 46,640 (-3.2%) Est. Cost $131.51 Unrealized —

TS Tenaris S.A. 0.4%

Value $4.46M (-8.7%) Shares 80,367 (-4.3%) Est. Cost $58.18 Unrealized —

VRTX Vertex Pharmaceuticals Inc. 0.8%

Value $7.769M (+5.7%) Shares 15,640 (-5.0%) Est. Cost $420.77 Unrealized —

EXPD Expeditors International of Wa 0.5%

Value $5.191M (+8.8%) Shares 31,852 (-4.4%) Est. Cost $136.13 Unrealized —

SHEL Shell PLC Sponsored ADR 0.1%

Value $725K (-35.0%) Shares 9,348 (-22.0%) Est. Cost $93.00 Unrealized —

ALL Allstate Corp. 0.5%

Value $4.548M (+9.0%) Shares 19,112 (-5.0%) Est. Cost $174.18 Unrealized —

TRV Travelers Companies, Inc. 0.5%

Value $5.285M (+7.6%) Shares 16,008 (-4.9%) Est. Cost $218.06 Unrealized —

THC Tenet Healthcare Corporation 0.6%

Value $5.926M (-5.5%) Shares 31,675 (-4.7%) Est. Cost $93.73 Unrealized —

HIG Hartford Insurance Group Inc. 0.5%

Value $4.647M (-6.7%) Shares 35,067 (-4.8%) Est. Cost $93.87 Unrealized —

LEA Lear Corp. 0.6%

Value $6.149M (+5.3%) Shares 45,864 (-4.9%) Est. Cost $103.11 Unrealized —

ALV Autoliv Inc. 0.6%

Value $6.121M (+5.0%) Shares 52,689 (-4.9%) Est. Cost $118.07 Unrealized —

IGIB iShares 5-10yr Investment Grad 0.8%

Value $7.579M (-3.6%) Shares 142,552 (-3.5%) Est. Cost $50.09 Unrealized —

HBM HudBay Minerals Inc. 0.3%

Value $3.208M (+8.3%) Shares 135,859 (-4.1%) Est. Cost $17.07 Unrealized —

NOV NOV Inc. 0.4%

Value $3.695M (-5.6%) Shares 199,217 (-4.3%) Est. Cost $18.11 Unrealized —

OIH VanEck Oil Services ETF 0.2%

Value $1.519M (-12.5%) Shares 4,084 (-4.9%) Est. Cost $339.96 Unrealized —

GXO GXO Logistics Inc 0.3%

Value $3.041M (-6.5%) Shares 59,987 (-4.3%) Est. Cost $52.70 Unrealized —

PICK iShares MSCI Global Metals & M 0.1%

Value $685K (-22.0%) Shares 11,787 (-24.0%) Est. Cost $51.34 Unrealized —

XLV Health Care Select Sector SPDR 0.3%

Value $3.306M (+5.5%) Shares 20,834 (-2.5%) Est. Cost $142.57 Unrealized —

AMGN Amgen Inc. 0.7%

Value $7.428M (-2.3%) Shares 20,512 (-5.0%) Est. Cost $292.62 Unrealized —

CRH CRH public limited company 0.5%

Value $4.533M (-3.5%) Shares 42,361 (-5.2%) Est. Cost $119.25 Unrealized —

IBB iShares NASDAQ Biotechnology I 0.2%

Value $2.399M (+7.1%) Shares 12,614 (-4.9%) Est. Cost $151.46 Unrealized —

CVSA Covista Inc. 0.6%

Value $5.623M (+2.6%) Shares 45,106 (-5.2%) Est. Cost $90.10 Unrealized —

IBM International Business Machine 0.1%

Value $1.349M (-9.2%) Shares 4,796 (-21.8%) Est. Cost $283.93 Unrealized —

NTGR Netgear Inc 0.1%

Value $620K (-17.8%) Shares 26,563 (-23.2%) Est. Cost $27.84 Unrealized —

RIO Rio Tinto PLC ADS 0.5%

Value $4.741M (-2.8%) Shares 49,942 (-4.4%) Est. Cost $80.38 Unrealized —

IYT iShares US Transportation ETF 0.1%

Value $1.265M (+10.6%) Shares 14,587 (-4.9%) Est. Cost $74.51 Unrealized —

PKB Invesco Building & Constructio 0.1%

Value $1.255M (+9.2%) Shares 11,203 (-4.9%) Est. Cost $93.52 Unrealized —

JNJ Johnson & Johnson 0.8%

Value $7.895M (-1.3%) Shares 31,085 (-5.0%) Est. Cost $197.73 Unrealized —

LAUR Laureate Education Inc 0.7%

Value $7.136M (-1.2%) Shares 196,485 (-5.2%) Est. Cost $19.77 Unrealized —

MRK Merck & Co. Inc. 0.6%

Value $6.143M (+1.3%) Shares 47,803 (-5.2%) Est. Cost $93.70 Unrealized —

XLI Industrial Select Sector SPDR 0.1%

Value $943K (+9.0%) Shares 5,089 (-4.9%) Est. Cost $102.78 Unrealized —

GHC Graham Holdings Co. 0.1%

Value $574K (-10.8%) Shares 503 (-17.4%) Est. Cost $1032.34 Unrealized —

AROC Archrock Inc. 0.1%

Value $874K (-7.4%) Shares 21,467 (-20.8%) Est. Cost $29.24 Unrealized —

AVGO Broadcom Inc. 0.1%

Value $1.36M (-4.8%) Shares 3,600 (-22.0%) Est. Cost $334.17 Unrealized —

KBWB Invesco KBW Bank ETF 0.1%

Value $644K (+11.8%) Shares 6,925 (-4.9%) Est. Cost $65.52 Unrealized —

JBL Jabil Inc. 1.6%

Value $15.6M (-0.4%) Shares 40,469 (-31.3%) Est. Cost $76.28 Unrealized —

PSO Pearson Plc Sp Adr 0.1%

Value $734K (-7.0%) Shares 46,222 (-23.1%) Est. Cost $13.64 Unrealized —

XRT SPDR S&P Retail ETF 0.1%

Value $730K (+3.7%) Shares 8,319 (-4.9%) Est. Cost $85.29 Unrealized —

EHC Encompass Health Corporation 0.3%

Value $3.029M (-0.8%) Shares 29,964 (-5.0%) Est. Cost $84.38 Unrealized —

RSPD Invesco S&P 500 Equal Weight C 0.3%

Value $2.99M (-0.5%) Shares 53,392 (-4.9%) Est. Cost $55.02 Unrealized —

PPH VanEck Vectors Pharmaceutical 0.1%

Value $776K (+0.1%) Shares 7,097 (-4.9%) Est. Cost $103.17 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GS	Goldman Sachs Group Inc.	1,089 (-94.1%)	$1.101M (-92.9%)	0.1%	$456.37	—	COM	38141G104
MS	Morgan Stanley	4,303 (-93.9%)	$899K (-92.3%)	0.1%	$94.50	—	COM	617446448
DELL	Dell Technologies Inc. Class C	30,222 (-11.5%)	$13.04M (+132.6%)	1.3%	$119.03	—	COM	24703L202
IBND	SPDR Barclays International Co	18,413 (-92.8%)	$574K (-92.7%)	0.1%	$31.51	—	COM	78464A151
DB	Deutsche Bank AG	20,364 (-92.3%)	$687K (-91.3%)	0.1%	$17.45	—	COM	D18190898
FLEX	Flex Ltd.	123,091 (-38.6%)	$19.95M (+52.1%)	2.0%	$18.51	—	COM	Y2573F102
BWX	SPDR Bloomberg Barclays Intern	531,295 (-35.9%)	$11.52M (-36.7%)	1.2%	$23.72	—	COM	78464A516
GTX	Garrett Motion Inc	322,518 (-5.5%)	$11.68M (+88.4%)	1.2%	$13.66	—	COM	366505105
APTV	Aptiv PLC	13,692 (-83.3%)	$840K (-85.3%)	0.1%	$76.65	—	COM	G3265R107
CSCO	Cisco Systems Inc.	143,885 (-8.7%)	$16.9M (+38.2%)	1.7%	$60.16	—	COM	17275R102
SPDN	Direxion Daily S&P500 Bear 1X	3,035,510 (-1.3%)	$26.32M (-14.0%)	2.6%	$13.27	—	COM	25460E869
SANM	Sanmina Corporation	36,379 (-5.0%)	$9.207M (+85.4%)	0.9%	$84.88	—	COM	801056102
LRCX	Lam Research Corp.	19,702 (-5.1%)	$8.537M (+92.5%)	0.9%	$225.94	—	COM	512807306
GOOGL	Alphabet Inc. Cl A	63,893 (-3.8%)	$22.83M (+19.6%)	2.3%	$107.67	—	COM	02079K305
KGC	Kinross Gold Corporation	438,079 (-4.3%)	$10.35M (-26.0%)	1.0%	$9.51	—	COM	496902404
FXY	Invesco CurrencyShares Japanes	31,611 (-65.6%)	$1.784M (-66.4%)	0.2%	$64.06	—	COM	46138W107
DAL	Delta Air Lines Inc.	8,753 (-86.5%)	$820K (-81.0%)	0.1%	$68.26	—	COM	247361702
XLK	Technology Select Sector SPDR	66,606 (-5.2%)	$12.69M (+35.9%)	1.3%	$141.42	—	COM	81369Y803
UHS	Universal Health Services Inc.	5,442 (-74.4%)	$809K (-78.7%)	0.1%	$171.65	—	COM	913903100
SPIB	SPDR Intermediate Term Corpora	337,668 (-19.6%)	$11.3M (-19.8%)	1.1%	$33.18	—	COM	78464A375
GAP	Gap Inc.	21,134 (-82.7%)	$395K (-86.6%)	0.0%	$24.15	—	COM	364760108
PRIM	Primoris Services Corporation	48,040 (-5.6%)	$4.762M (-34.6%)	0.5%	$106.18	—	COM	74164F103
TEL	TE Connectivity Ltd.	30,305 (-26.1%)	$6.11M (-28.7%)	0.6%	$149.87	—	COM	G87052109
MCK	McKesson Corp.	15,354 (-5.0%)	$11.6M (-17.0%)	1.2%	$389.17	—	COM	58155Q103
DY	Dycom Industries Inc	15,719 (-6.1%)	$7.947M (+40.1%)	0.8%	$206.22	—	COM	267475101
VMBS	Vanguard Mortgage-Backed Secur	117,868 (-28.6%)	$5.517M (-28.8%)	0.6%	$46.96	—	COM	92206C771
FFIV	F5 Networks Inc.	20,249 (-5.6%)	$8.423M (+35.7%)	0.8%	$257.40	—	COM	315616102
PLXS	Plexus Corp.	25,054 (-5.2%)	$7.533M (+40.8%)	0.8%	$129.35	—	COM	729132100
HUBG	Hub Group Inc (Cl A)	13,100 (-82.7%)	$574K (-79.0%)	0.1%	$38.17	—	COM	443320106
FDX	FedEx Corp.	36,855 (-4.2%)	$11.54M (-15.8%)	1.2%	$263.06	—	COM	31428X106
IAG	Iamgold Corporation	558,547 (-3.8%)	$8.847M (-19.0%)	0.9%	$4.87	—	COM	450913108
URBN	Urban Outfitters Inc	6,992 (-82.7%)	$495K (-80.6%)	0.0%	$70.76	—	COM	917047102
BHE	Benchmark Electronics Inc.	46,811 (-6.5%)	$4.619M (+64.6%)	0.5%	$37.05	—	COM	08160H101
VMI	Valmont Industries Inc.	11,137 (-4.2%)	$6.433M (+38.5%)	0.6%	$400.14	—	COM	920253101
REGN	Regeneron Pharmaceuticals Inc.	9,265 (-5.3%)	$5.777M (-23.5%)	0.6%	$611.13	—	COM	75886F107
NTCT	NetScout Systems, Inc.	173,744 (-5.0%)	$7.567M (+30.2%)	0.8%	$24.76	—	COM	64115T104
AEM	Agnico-Eagle Mines Ltd.	29,057 (-5.4%)	$4.508M (-27.7%)	0.5%	$83.71	—	COM	008474108
C	Citigroup Inc.	80,600 (-5.2%)	$11.28M (+17.0%)	1.1%	$66.31	—	COM	172967424
XLF	Financial Select Sector SPDR F	85,223 (-31.1%)	$4.569M (-25.1%)	0.5%	$40.40	—	COM	81369Y605
EQX	Equinox Gold Corp.	265,894 (-5.9%)	$2.584M (-36.7%)	0.3%	$5.85	—	COM	29446Y502
BCS	Barclays PLC ADR	316,950 (-4.8%)	$8.513M (+20.8%)	0.9%	$13.23	—	COM	06738E204
COR	Cencora Inc.	29,647 (-5.2%)	$8.39M (-14.6%)	0.8%	$164.68	—	COM	03073E105
GVA	Granite Construction Inc.	43,371 (-4.8%)	$6.856M (+25.5%)	0.7%	$107.17	—	COM	387328107
XLC	Communication Services Select	19,361 (-37.3%)	$2.074M (-39.4%)	0.2%	$68.02	—	COM	81369Y852
DGII	Digi International Inc.	54,570 (-4.7%)	$4.09M (+48.2%)	0.4%	$31.33	—	COM	253798102
CM	Canadian Imperial Bank of Comm	83,342 (-4.9%)	$9.584M (+15.4%)	1.0%	$47.43	—	COM	136069101
CVS	CVS Health Corp.	41,189 (-5.2%)	$4.261M (+36.6%)	0.4%	$64.53	—	COM	126650100
GILD	Gilead Sciences Inc.	53,031 (-5.5%)	$6.7M (-14.3%)	0.7%	$114.67	—	COM	375558103
MGA	Magna International Inc.	141,976 (-4.9%)	$9.322M (+11.9%)	0.9%	$44.45	—	COM	559222401
SLB	SLB Limited	127,482 (-5.2%)	$5.927M (-14.3%)	0.6%	$36.30	—	COM	806857108
CAH	Cardinal Health Inc.	61,075 (-5.2%)	$14.51M (+6.6%)	1.5%	$76.84	—	COM	14149Y108
PRDO	Perdoceo Education Corporation	109,873 (-6.9%)	$3.516M (-19.9%)	0.4%	$31.19	—	COM	71363P106
BAC	Bank of America Corp.	156,480 (-5.2%)	$8.916M (+10.8%)	0.9%	$37.76	—	COM	060505104
BKR	Baker Hughes Company Class A	101,551 (-4.7%)	$5.636M (-13.3%)	0.6%	$55.06	—	COM	05722G100
UTHR	United Therapeutics Corp.	10,184 (-5.1%)	$5.518M (-13.3%)	0.6%	$374.21	—	COM	91307C102
EGO	Eldorado Gold Corp.	166,267 (-4.6%)	$5.169M (-13.6%)	0.5%	$16.64	—	COM	284902509
PAAS	Pan American Silver Corp.	60,006 (-5.7%)	$2.688M (-22.7%)	0.3%	$23.22	—	COM	697900108
META	Meta Platforms Inc. Class A	19,101 (-5.1%)	$10.76M (-6.6%)	1.1%	$188.56	—	COM	30303M102
BIIB	Biogen Inc.	31,489 (-5.0%)	$6.804M (+12.0%)	0.7%	$143.70	—	COM	09062X103
WFRD	Weatherford International plc	38,864 (-4.4%)	$3.167M (-17.6%)	0.3%	$91.99	—	COM	G48833118
FXE	Invesco CurrencyShares Euro Tr	34,948 (-14.3%)	$3.685M (-15.3%)	0.4%	$109.45	—	COM	46138K103
AIZ	Assurant Inc.	16,846 (-4.9%)	$4.524M (+17.2%)	0.5%	$171.57	—	COM	04621X108
SHY	iShares 1-3 Year Treasury Bond	149,887 (-4.5%)	$12.31M (-5.1%)	1.2%	$82.55	—	COM	464287457
UTI	Universal Technical Institute	136,531 (-5.2%)	$5.839M (+12.3%)	0.6%	$27.08	—	COM	913915104
PNC	PNC Financial Services Group I	23,386 (-5.2%)	$5.758M (+12.2%)	0.6%	$168.19	—	COM	693475105
BMY	Bristol-Myers Squibb Co.	97,869 (-5.2%)	$5.639M (-9.9%)	0.6%	$47.74	—	COM	110122108
CTS	CTS Corp	42,232 (-6.3%)	$2.753M (+27.9%)	0.3%	$40.89	—	COM	126501105
ERIC	Telefonaktiebolaget LM Ericsso	767,612 (-5.4%)	$8.559M (-6.4%)	0.9%	$8.54	—	COM	294821608
GSK	GSK plc Sponsored ADR	97,182 (-5.2%)	$5.094M (-10.0%)	0.5%	$49.17	—	COM	37733W204
JPM	JPMorgan Chase & Co.	31,099 (-5.0%)	$10.18M (+5.7%)	1.0%	$196.75	—	COM	46625H100
GDX	VanEck Gold Miners ETF	25,329 (-4.9%)	$1.911M (-21.8%)	0.2%	$36.78	—	COM	92189F106
USB	U.S. Bancorp	92,155 (-5.3%)	$5.566M (+9.9%)	0.6%	$41.29	—	COM	902973304
UPS	United Parcel Service Inc. Cl	103,834 (-4.3%)	$11.16M (+4.5%)	1.1%	$93.09	—	COM	911312106
OII	Oceaneering International, Inc	142,936 (-4.8%)	$5.792M (+8.7%)	0.6%	$24.26	—	COM	675232102
EME	Emcor Group Inc	8,701 (-5.1%)	$7.221M (+6.7%)	0.7%	$650.06	—	COM	29084Q100
CHRW	C.H. Robinson Worldwide	29,954 (-4.3%)	$5.642M (+8.6%)	0.6%	$148.00	—	COM	12541W209
THG	Hanover Insurance Group Inc.	13,633 (-4.8%)	$2.919M (+17.6%)	0.3%	$159.11	—	COM	410867105
MSFT	Microsoft Corp.	46,640 (-3.2%)	$17.4M (-2.4%)	1.7%	$131.51	—	COM	594918104
TS	Tenaris S.A.	80,367 (-4.3%)	$4.46M (-8.7%)	0.4%	$58.18	—	COM	88031M109
VRTX	Vertex Pharmaceuticals Inc.	15,640 (-5.0%)	$7.769M (+5.7%)	0.8%	$420.77	—	COM	92532F100
EXPD	Expeditors International of Wa	31,852 (-4.4%)	$5.191M (+8.8%)	0.5%	$136.13	—	COM	302130109
SHEL	Shell PLC Sponsored ADR	9,348 (-22.0%)	$725K (-35.0%)	0.1%	$93.00	—	COM	780259305
ALL	Allstate Corp.	19,112 (-5.0%)	$4.548M (+9.0%)	0.5%	$174.18	—	COM	020002101
TRV	Travelers Companies, Inc.	16,008 (-4.9%)	$5.285M (+7.6%)	0.5%	$218.06	—	COM	89417E109
THC	Tenet Healthcare Corporation	31,675 (-4.7%)	$5.926M (-5.5%)	0.6%	$93.73	—	COM	88033G407
HIG	Hartford Insurance Group Inc.	35,067 (-4.8%)	$4.647M (-6.7%)	0.5%	$93.87	—	COM	416515104
LEA	Lear Corp.	45,864 (-4.9%)	$6.149M (+5.3%)	0.6%	$103.11	—	COM	521865204
ALV	Autoliv Inc.	52,689 (-4.9%)	$6.121M (+5.0%)	0.6%	$118.07	—	COM	052800109
IGIB	iShares 5-10yr Investment Grad	142,552 (-3.5%)	$7.579M (-3.6%)	0.8%	$50.09	—	COM	464288638
HBM	HudBay Minerals Inc.	135,859 (-4.1%)	$3.208M (+8.3%)	0.3%	$17.07	—	COM	443628102
NOV	NOV Inc.	199,217 (-4.3%)	$3.695M (-5.6%)	0.4%	$18.11	—	COM	62955J103
OIH	VanEck Oil Services ETF	4,084 (-4.9%)	$1.519M (-12.5%)	0.2%	$339.96	—	COM	92189H607
GXO	GXO Logistics Inc	59,987 (-4.3%)	$3.041M (-6.5%)	0.3%	$52.70	—	COM	36262G101
PICK	iShares MSCI Global Metals & M	11,787 (-24.0%)	$685K (-22.0%)	0.1%	$51.34	—	COM	46434G848
XLV	Health Care Select Sector SPDR	20,834 (-2.5%)	$3.306M (+5.5%)	0.3%	$142.57	—	COM	81369Y209
AMGN	Amgen Inc.	20,512 (-5.0%)	$7.428M (-2.3%)	0.7%	$292.62	—	COM	031162100
CRH	CRH public limited company	42,361 (-5.2%)	$4.533M (-3.5%)	0.5%	$119.25	—	COM	G25508105
IBB	iShares NASDAQ Biotechnology I	12,614 (-4.9%)	$2.399M (+7.1%)	0.2%	$151.46	—	COM	464287556
CVSA	Covista Inc.	45,106 (-5.2%)	$5.623M (+2.6%)	0.6%	$90.10	—	COM	00737L103
IBM	International Business Machine	4,796 (-21.8%)	$1.349M (-9.2%)	0.1%	$283.93	—	COM	459200101
NTGR	Netgear Inc	26,563 (-23.2%)	$620K (-17.8%)	0.1%	$27.84	—	COM	64111Q104
RIO	Rio Tinto PLC ADS	49,942 (-4.4%)	$4.741M (-2.8%)	0.5%	$80.38	—	COM	767204100
IYT	iShares US Transportation ETF	14,587 (-4.9%)	$1.265M (+10.6%)	0.1%	$74.51	—	COM	464287192
PKB	Invesco Building & Constructio	11,203 (-4.9%)	$1.255M (+9.2%)	0.1%	$93.52	—	COM	46137V779
JNJ	Johnson & Johnson	31,085 (-5.0%)	$7.895M (-1.3%)	0.8%	$197.73	—	COM	478160104
LAUR	Laureate Education Inc	196,485 (-5.2%)	$7.136M (-1.2%)	0.7%	$19.77	—	COM	518613203
MRK	Merck & Co. Inc.	47,803 (-5.2%)	$6.143M (+1.3%)	0.6%	$93.70	—	COM	58933Y105
XLI	Industrial Select Sector SPDR	5,089 (-4.9%)	$943K (+9.0%)	0.1%	$102.78	—	COM	81369Y704
GHC	Graham Holdings Co.	503 (-17.4%)	$574K (-10.8%)	0.1%	$1032.34	—	COM	384637104
AROC	Archrock Inc.	21,467 (-20.8%)	$874K (-7.4%)	0.1%	$29.24	—	COM	03957W106
AVGO	Broadcom Inc.	3,600 (-22.0%)	$1.36M (-4.8%)	0.1%	$334.17	—	COM	11135F101
KBWB	Invesco KBW Bank ETF	6,925 (-4.9%)	$644K (+11.8%)	0.1%	$65.52	—	COM	46138E628
JBL	Jabil Inc.	40,469 (-31.3%)	$15.6M (-0.4%)	1.6%	$76.28	—	COM	466313103
PSO	Pearson Plc Sp Adr	46,222 (-23.1%)	$734K (-7.0%)	0.1%	$13.64	—	COM	705015105
XRT	SPDR S&P Retail ETF	8,319 (-4.9%)	$730K (+3.7%)	0.1%	$85.29	—	COM	78464A714
EHC	Encompass Health Corporation	29,964 (-5.0%)	$3.029M (-0.8%)	0.3%	$84.38	—	COM	29261A100
RSPD	Invesco S&P 500 Equal Weight C	53,392 (-4.9%)	$2.99M (-0.5%)	0.3%	$55.02	—	COM	46137V381
PPH	VanEck Vectors Pharmaceutical	7,097 (-4.9%)	$776K (+0.1%)	0.1%	$103.17	—	COM	92189F692

Unchanged Positions (64)

RWM ProShares Short Russell2000 1.2%

Value $11.49M Shares 864,330 Est. Cost $22.21 Unrealized —

IVV iShares S&P 500 Fund 1.0%

Value $9.763M Shares 13,036 Est. Cost $393.10 Unrealized —

AMAT Applied Materials Inc. 0.2%

Value $1.711M Shares 2,367 Est. Cost $181.43 Unrealized —

PSQ ProShares Short QQQ 0.3%

Value $3.023M Shares 120,629 Est. Cost $36.16 Unrealized —

ACMR ACM Research, Inc. Class A 0.1%

Value $1.03M Shares 8,120 Est. Cost $37.26 Unrealized —

EMXC iShares MSCI Emerging Markets 0.3%

Value $3.043M Shares 29,743 Est. Cost $50.03 Unrealized —

MRVL Marvell Technology Inc. 0.1%

Value $1.023M Shares 3,435 Est. Cost $81.07 Unrealized —

V Visa Inc. 0.6%

Value $5.676M Shares 16,544 Est. Cost $77.42 Unrealized —

AA Alcoa Inc. 0.2%

Value $2.314M Shares 44,374 Est. Cost $40.88 Unrealized —

MU Micron Technology Inc. 0.1%

Value $854K Shares 740 Est. Cost $387.04 Unrealized —

VONV Vanguard Russell 1000 Value ET 0.5%

Value $4.809M Shares 45,234 Est. Cost $64.32 Unrealized —

MKSI MKS Instruments Inc. 0.1%

Value $1.131M Shares 2,542 Est. Cost $106.77 Unrealized —

HAL Halliburton Co. 0.3%

Value $3.277M Shares 96,521 Est. Cost $33.54 Unrealized —

AMKR Amkor Technology Inc. 0.1%

Value $930K Shares 10,782 Est. Cost $24.09 Unrealized —

IEFA iShares Core MSCI EAFE ETF 0.6%

Value $6.42M Shares 66,478 Est. Cost $61.41 Unrealized —

ASML ASML Holding N.V. 0.1%

Value $1.029M Shares 517 Est. Cost $969.24 Unrealized —

VIAV Viavi Solutions Inc. 0.1%

Value $1.02M Shares 21,371 Est. Cost $11.05 Unrealized —

SAN Banco Santander S.A. ADR 0.1%

Value $928K Shares 67,213 Est. Cost $2.95 Unrealized —

NHC National HealthCare Corporatio 0.1%

Value $647K Shares 3,063 Est. Cost $129.17 Unrealized —

MA Mastercard Inc. Cl A 0.6%

Value $6.319M Shares 12,303 Est. Cost $90.23 Unrealized —

SNX TD SYNNEX Corporation 0.0%

Value $414K Shares 1,547 Est. Cost $157.54 Unrealized —

IBKR Interactive Brokers Group Inc. 0.1%

Value $601K Shares 6,904 Est. Cost $42.84 Unrealized —

IEF iShares 7-10 Year Treasury Bon 0.7%

Value $7.065M Shares 74,708 Est. Cost $96.01 Unrealized —

MFG Mizuho Financial Group Inc. AD 0.1%

Value $764K Shares 79,775 Est. Cost $2.84 Unrealized —

UBS UBS Group AG (new) 0.1%

Value $594K Shares 11,983 Est. Cost $29.62 Unrealized —

CPA Copa Holdings S.A. Cl A 0.0%

Value $457K Shares 2,939 Est. Cost $88.34 Unrealized —

VTIP Vanguard Short-Term Inflation- 1.1%

Value $10.55M Shares 209,972 Est. Cost $50.38 Unrealized —

SU Suncor Energy Inc. 0.1%

Value $505K Shares 9,411 Est. Cost $35.88 Unrealized —

TMUS T-Mobile US Inc 0.0%

Value $463K Shares 2,761 Est. Cost $141.77 Unrealized —

MBB iShares MBS ETF 0.8%

Value $7.624M Shares 80,658 Est. Cost $95.43 Unrealized —

TIMB TIM S.A. Sponsored ADR 0.0%

Value $435K Shares 20,317 Est. Cost $20.11 Unrealized —

CVX Chevron Corp. 0.0%

Value $414K Shares 2,495 Est. Cost $137.00 Unrealized —

EQNR Equinor ASA Sponsored ADR 0.0%

Value $298K Shares 9,504 Est. Cost $25.14 Unrealized —

PLAB Photronics Inc. 0.0%

Value $348K Shares 10,706 Est. Cost $21.43 Unrealized —

VOD Vodafone Group PLC ADS 0.1%

Value $601K Shares 45,478 Est. Cost $10.02 Unrealized —

FITB Fifth Third Bancorp 0.0%

Value $449K Shares 7,958 Est. Cost $51.27 Unrealized —

MKL Markel Group Inc. 0.4%

Value $3.685M Shares 1,887 Est. Cost $1491.48 Unrealized —

BCI Aberdeen Standard Bloomberg Al 0.1%

Value $734K Shares 32,841 Est. Cost $26.49 Unrealized —

BNS Bank of Nova Scotia 0.0%

Value $287K Shares 3,300 Est. Cost $58.93 Unrealized —

SWKS Skyworks Solutions Inc 0.0%

Value $262K Shares 3,867 Est. Cost $59.98 Unrealized —

IGOV iShares International Treasury 1.0%

Value $10.13M Shares 246,891 Est. Cost $43.72 Unrealized —

ONB Old National Bancorp 0.0%

Value $313K Shares 12,073 Est. Cost $16.55 Unrealized —

MTB M&T Bank Corp. 0.0%

Value $342K Shares 1,437 Est. Cost $137.94 Unrealized —

ASR Grupo Aeroportuario del Surest 0.0%

Value $333K Shares 1,087 Est. Cost $282.76 Unrealized —

CVE Cenovus Energy Inc. 0.0%

Value $437K Shares 17,624 Est. Cost $12.88 Unrealized —

AXS Axis Capital Holdings Ltd 0.0%

Value $482K Shares 4,482 Est. Cost $52.16 Unrealized —

L Loews Corp. 0.0%

Value $440K Shares 3,887 Est. Cost $73.53 Unrealized —

GM General Motors Co. 0.1%

Value $632K Shares 8,203 Est. Cost $33.63 Unrealized —

RJF Raymond James Financial Inc 0.0%

Value $402K Shares 2,642 Est. Cost $146.33 Unrealized —

EC Ecopetrol SA Sponsored ADR 0.0%

Value $366K Shares 25,672 Est. Cost $8.85 Unrealized —

WFC Wells Fargo & Co. 0.0%

Value $361K Shares 4,368 Est. Cost $66.67 Unrealized —

UGI UGI Corp. 0.0%

Value $322K Shares 9,336 Est. Cost $32.02 Unrealized —

AGG iShares Core Total U.S. Bond M 0.4%

Value $4.232M Shares 42,755 Est. Cost $101.43 Unrealized —

ORI Old Republic International Cor 0.0%

Value $470K Shares 11,476 Est. Cost $19.28 Unrealized —

AMX America Movil S.A.B. de C.V. A 0.1%

Value $569K Shares 21,891 Est. Cost $20.67 Unrealized —

BDC Belden Inc. 0.0%

Value $233K Shares 1,945 Est. Cost $128.68 Unrealized —

MDU MDU Resources Group, Inc. 0.0%

Value $329K Shares 15,503 Est. Cost $16.73 Unrealized —

KAMO Kensington Credit Opportunitie 0.2%

Value $2.005M Shares 81,373 Est. Cost $24.68 Unrealized —

SEM Select Medical Holdings Corpor 0.1%

Value $501K Shares 30,357 Est. Cost $14.10 Unrealized —

NJR New Jersey Resources Corp. 0.0%

Value $290K Shares 5,178 Est. Cost $45.64 Unrealized —

INVX Innovex International, Inc. 0.0%

Value $311K Shares 12,528 Est. Cost $20.87 Unrealized —

CARG CarGurus, Inc. Class A 0.4%

Value $3.962M Shares 116,213 Est. Cost $20.23 Unrealized —

VCSH Vanguard Short-Term Corporate 0.1%

Value $742K Shares 9,395 Est. Cost $77.90 Unrealized —

VGSH Vanguard Short-Term Treasury E 0.1%

Value $619K Shares 10,630 Est. Cost $58.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RWM	ProShares Short Russell2000	864,330	$11.49M	1.2%	$22.21	—	COM	74348A210
IVV	iShares S&P 500 Fund	13,036	$9.763M	1.0%	$393.10	—	COM	464287200
AMAT	Applied Materials Inc.	2,367	$1.711M	0.2%	$181.43	—	COM	038222105
PSQ	ProShares Short QQQ	120,629	$3.023M	0.3%	$36.16	—	COM	74349Y837
ACMR	ACM Research, Inc. Class A	8,120	$1.03M	0.1%	$37.26	—	COM	00108J109
EMXC	iShares MSCI Emerging Markets	29,743	$3.043M	0.3%	$50.03	—	COM	46434G764
MRVL	Marvell Technology Inc.	3,435	$1.023M	0.1%	$81.07	—	COM	573874104
V	Visa Inc.	16,544	$5.676M	0.6%	$77.42	—	COM	92826C839
AA	Alcoa Inc.	44,374	$2.314M	0.2%	$40.88	—	COM	013872106
MU	Micron Technology Inc.	740	$854K	0.1%	$387.04	—	COM	595112103
VONV	Vanguard Russell 1000 Value ET	45,234	$4.809M	0.5%	$64.32	—	COM	92206C714
MKSI	MKS Instruments Inc.	2,542	$1.131M	0.1%	$106.77	—	COM	55306N104
HAL	Halliburton Co.	96,521	$3.277M	0.3%	$33.54	—	COM	406216101
AMKR	Amkor Technology Inc.	10,782	$930K	0.1%	$24.09	—	COM	031652100
IEFA	iShares Core MSCI EAFE ETF	66,478	$6.42M	0.6%	$61.41	—	COM	46432F842
ASML	ASML Holding N.V.	517	$1.029M	0.1%	$969.24	—	COM	N07059210
VIAV	Viavi Solutions Inc.	21,371	$1.02M	0.1%	$11.05	—	COM	925550105
SAN	Banco Santander S.A. ADR	67,213	$928K	0.1%	$2.95	—	COM	05964H105
NHC	National HealthCare Corporatio	3,063	$647K	0.1%	$129.17	—	COM	635906100
MA	Mastercard Inc. Cl A	12,303	$6.319M	0.6%	$90.23	—	COM	57636Q104
SNX	TD SYNNEX Corporation	1,547	$414K	0.0%	$157.54	—	COM	87162W100
IBKR	Interactive Brokers Group Inc.	6,904	$601K	0.1%	$42.84	—	COM	45841N107
IEF	iShares 7-10 Year Treasury Bon	74,708	$7.065M	0.7%	$96.01	—	COM	464287440
MFG	Mizuho Financial Group Inc. AD	79,775	$764K	0.1%	$2.84	—	COM	60687Y109
UBS	UBS Group AG (new)	11,983	$594K	0.1%	$29.62	—	COM	H42097107
CPA	Copa Holdings S.A. Cl A	2,939	$457K	0.0%	$88.34	—	COM	P31076105
VTIP	Vanguard Short-Term Inflation-	209,972	$10.55M	1.1%	$50.38	—	COM	922020805
SU	Suncor Energy Inc.	9,411	$505K	0.1%	$35.88	—	COM	867224107
TMUS	T-Mobile US Inc	2,761	$463K	0.0%	$141.77	—	COM	872590104
MBB	iShares MBS ETF	80,658	$7.624M	0.8%	$95.43	—	COM	464288588
TIMB	TIM S.A. Sponsored ADR	20,317	$435K	0.0%	$20.11	—	COM	88706T108
CVX	Chevron Corp.	2,495	$414K	0.0%	$137.00	—	COM	166764100
EQNR	Equinor ASA Sponsored ADR	9,504	$298K	0.0%	$25.14	—	COM	29446M102
PLAB	Photronics Inc.	10,706	$348K	0.0%	$21.43	—	COM	719405102
VOD	Vodafone Group PLC ADS	45,478	$601K	0.1%	$10.02	—	COM	92857W308
FITB	Fifth Third Bancorp	7,958	$449K	0.0%	$51.27	—	COM	316773100
MKL	Markel Group Inc.	1,887	$3.685M	0.4%	$1491.48	—	COM	570535104
BCI	Aberdeen Standard Bloomberg Al	32,841	$734K	0.1%	$26.49	—	COM	003261104
BNS	Bank of Nova Scotia	3,300	$287K	0.0%	$58.93	—	COM	064149107
SWKS	Skyworks Solutions Inc	3,867	$262K	0.0%	$59.98	—	COM	83088M102
IGOV	iShares International Treasury	246,891	$10.13M	1.0%	$43.72	—	COM	464288117
ONB	Old National Bancorp	12,073	$313K	0.0%	$16.55	—	COM	680033107
MTB	M&T Bank Corp.	1,437	$342K	0.0%	$137.94	—	COM	55261F104
ASR	Grupo Aeroportuario del Surest	1,087	$333K	0.0%	$282.76	—	COM	40051E202
CVE	Cenovus Energy Inc.	17,624	$437K	0.0%	$12.88	—	COM	15135U109
AXS	Axis Capital Holdings Ltd	4,482	$482K	0.0%	$52.16	—	COM	G0692U109
L	Loews Corp.	3,887	$440K	0.0%	$73.53	—	COM	540424108
GM	General Motors Co.	8,203	$632K	0.1%	$33.63	—	COM	37045V100
RJF	Raymond James Financial Inc	2,642	$402K	0.0%	$146.33	—	COM	754730109
EC	Ecopetrol SA Sponsored ADR	25,672	$366K	0.0%	$8.85	—	COM	279158109
WFC	Wells Fargo & Co.	4,368	$361K	0.0%	$66.67	—	COM	949746101
UGI	UGI Corp.	9,336	$322K	0.0%	$32.02	—	COM	902681105
AGG	iShares Core Total U.S. Bond M	42,755	$4.232M	0.4%	$101.43	—	COM	464287226
ORI	Old Republic International Cor	11,476	$470K	0.0%	$19.28	—	COM	680223104
AMX	America Movil S.A.B. de C.V. A	21,891	$569K	0.1%	$20.67	—	COM	02390A101
BDC	Belden Inc.	1,945	$233K	0.0%	$128.68	—	COM	077454106
MDU	MDU Resources Group, Inc.	15,503	$329K	0.0%	$16.73	—	COM	552690109
KAMO	Kensington Credit Opportunitie	81,373	$2.005M	0.2%	$24.68	—	COM	56167R820
SEM	Select Medical Holdings Corpor	30,357	$501K	0.1%	$14.10	—	COM	81619Q105
NJR	New Jersey Resources Corp.	5,178	$290K	0.0%	$45.64	—	COM	646025106
INVX	Innovex International, Inc.	12,528	$311K	0.0%	$20.87	—	COM	457651107
CARG	CarGurus, Inc. Class A	116,213	$3.962M	0.4%	$20.23	—	COM	141788109
VCSH	Vanguard Short-Term Corporate	9,395	$742K	0.1%	$77.90	—	COM	92206C409
VGSH	Vanguard Short-Term Treasury E	10,630	$619K	0.1%	$58.80	—	COM	92206C102