Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF Trust	257,535	$55.7M	13.3%	$179.44	—	Com	78462F103
EEM	iShares MSCI Emerging Markets ETF	763,483	$28.59M	6.8%	$35.42	—	Com	464287234
DXJ	Wisdom Tree Japan Hedged Equity Fund	570,178	$24.47M	5.8%	$48.38	—	Com	97717W851
EZU	iShares MSCI Eurozone ETF	688,405	$23.74M	5.7%	$35.88	—	Com	464286608
GUNR	FlexShares Mstar Glbl Upstream Nat Res ETF	648,336	$17.85M	4.3%	$24.48	—	Com	33939L407
—	SPDR S&P Oil & Gas Exploration & Prod	375,137	$14.43M	3.4%	$31.85	—	Com	78464A730
RWX	SPDR DJ Wilshire International Real Estate Fd	342,899	$14.3M	3.4%	$40.86	—	Com	78463X863
—	VanEck Vectors Oil Services ETF	355,358	$10.4M	2.5%	$29.28	—	Com	92189F718
VNQ	Vanguard REIT Index Fund	65,246	$5.659M	1.3%	$86.73	—	Com	922908553
C	Citigroup Inc Com New	93,760	$4.428M	1.1%	$36.03	-5.2%	Com	172967424
AAPL	Apple Computer Inc	38,401	$4.341M	1.0%	$19.96	+21.4%	Com	037833100
TSM	Taiwan Semiconductor Manufacturing Co Ltd	134,540	$4.116M	1.0%	$27.56	—	Com	874039100
JPM	JPMorgan Chase & Company	61,509	$4.096M	1.0%	$39.74	+27.9%	Com	46625H100
SYK	Stryker Corporation	33,869	$3.943M	0.9%	$60.66	+72.9%	Com	863667101
BAC	Bank of America Corp	243,977	$3.818M	0.9%	$12.07	0.0%	Com	060505104
JNJ	Johnson & Johnson	30,746	$3.632M	0.9%	$59.66	+56.9%	Com	478160104
MSFT	Microsoft Corp	62,238	$3.585M	0.9%	$30.02	+67.5%	Com	594918104
CHTR	Charter Communications Inc	12,963	$3.5M	0.8%	$214.89	+17.6%	Com	16119P108
NVS	Novartis AG ADR	43,880	$3.465M	0.8%	$77.33	—	Com	66987V109
CSCO	Cisco Systems Inc	107,667	$3.415M	0.8%	$15.24	+51.4%	Com	17275R102
INTC	Intel Corp	89,672	$3.385M	0.8%	$24.39	+17.3%	Com	458140100
BDX	Becton Dickinson & Company	18,797	$3.378M	0.8%	$91.49	+62.3%	Com	075887109
—	United Technologies Corp	33,079	$3.361M	0.8%	$94.23	—	Com	913017109
AMZN	Amazon.com Inc	3,961	$3.317M	0.8%	$17.58	+117.7%	Com	023135106
—	Aon Corporation	28,550	$3.212M	0.8%	$68.73	—	Com	G0408V102
TMO	Thermo Fisher Scientific Inc	20,194	$3.212M	0.8%	$79.76	+88.2%	Com	883556102
MCHP	Microchip Technology Inc	50,502	$3.138M	0.7%	$24.41	0.0%	Com	595017104
PG	Procter & Gamble Co	34,635	$3.108M	0.7%	$55.90	+20.8%	Com	742718109
QCOM	Qualcomm Inc	44,837	$3.071M	0.7%	$43.78	+7.1%	Com	747525103
ORCL	Oracle Corporation	77,998	$3.064M	0.7%	$29.01	+22.2%	Com	68389X105
GS	Goldman Sachs Group Inc	18,829	$3.037M	0.7%	$129.88	+3.0%	Com	38141G104
CVS	CVS Health Corporation	33,879	$3.015M	0.7%	$45.63	+55.4%	Com	126650100
HON	Honeywell Intl	25,554	$2.979M	0.7%	$74.76	+15.1%	Com	438516106
BK	Bank of New York Mellon Corp	74,329	$2.964M	0.7%	$21.22	+47.5%	Com	064058100
DIS	The Walt Disney Company	31,207	$2.898M	0.7%	$94.56	-6.0%	Com	254687106
WFC	Wells Fargo & Co	63,440	$2.809M	0.7%	$30.54	+20.6%	Com	949746101
NWL	Newell Brands Inc	51,318	$2.702M	0.6%	$26.38	+32.0%	Com	651229106
PEP	Pepsico Inc	24,708	$2.687M	0.6%	$56.17	+44.4%	Com	713448108
EMR	Emerson Electric Co	48,461	$2.642M	0.6%	$41.36	+2.3%	Com	291011104
GOOGL	Alphabet Inc Cl A	3,278	$2.636M	0.6%	$36.73	+5.7%	Com	02079K305
PFE	Pfizer Inc	77,588	$2.628M	0.6%	$18.68	+19.2%	Com	717081103
OXY	Occidental Petroleum Corp	35,926	$2.62M	0.6%	$57.43	-0.1%	Com	674599105
SYY	Sysco Corp	53,330	$2.614M	0.6%	$29.07	+38.4%	Com	871829107
MMM	3M Company	14,828	$2.613M	0.6%	$89.73	+21.7%	Com	88579Y101
KO	The Coca Cola Company	61,255	$2.592M	0.6%	$27.85	+16.9%	Com	191216100
GPN	Global Payments Inc	32,982	$2.532M	0.6%	$63.39	+13.0%	Com	37940X102
—	Pioneer Natural Resources Co	12,815	$2.379M	0.6%	$140.75	—	Com	723787107
DHR	Danaher Corporation	29,708	$2.329M	0.6%	$25.01	+169.0%	Com	235851102
AMGN	Amgen Inc	13,043	$2.176M	0.5%	$73.34	+74.1%	Com	031162100
GOOG	Alphabet Inc Cl C	2,769	$2.152M	0.5%	$35.61	+5.8%	Com	02079K107
—	National Oilwell Varco Inc	57,860	$2.126M	0.5%	$33.50	—	Com	637071101
SLB	Schlumberger Ltd	27,010	$2.124M	0.5%	$52.90	+14.7%	Com	806857108
—	Concho Resources Inc	14,945	$2.053M	0.5%	$98.32	—	Com	20605P101
WM	Waste Management Inc	31,485	$2.007M	0.5%	$45.95	+20.0%	Com	94106L109
—	Viacom Inc Cl B	52,524	$2.001M	0.5%	$40.15	—	Com	92553P201
META	Facebook Inc	15,336	$1.967M	0.5%	$115.87	+6.4%	Com	30303M102
—	Core Laboratories NV	17,440	$1.959M	0.5%	$126.01	—	Com	N22717107
APH	Amphenol Corporation	30,135	$1.956M	0.5%	$13.26	+4.9%	Com	032095101
BAX	Baxter International Inc	40,447	$1.925M	0.5%	$30.42	+32.9%	Com	071813109
CFG	Citizens Financial Group Inc	74,807	$1.848M	0.4%	$17.45	-7.7%	Com	174610105
BHP	BHP Billiton Ltd	49,500	$1.715M	0.4%	$37.74	—	Com	088606108
CNC	Centene Corp	25,496	$1.707M	0.4%	$31.44	+10.5%	Com	15135B101
SAP	SAP AG	18,425	$1.684M	0.4%	$91.40	—	Com	803054204
—	Valeant Pharmaceuticals International	67,303	$1.652M	0.4%	$24.55	—	Com	91911K102
MTN	Vail Resorts Inc	10,000	$1.569M	0.4%	$107.44	+41.9%	Com	91879Q109
RJF	Raymond James Financial Inc	26,864	$1.564M	0.4%	$30.62	+4.7%	Com	754730109
XLB	Materials Select Sector SPDR	31,924	$1.524M	0.4%	$46.34	—	Com	81369Y100
MOS	The Mosaic Co	61,021	$1.493M	0.4%	$23.02	0.0%	Com	61945C103
ECL	Ecolab Inc	12,247	$1.491M	0.4%	$84.38	+29.2%	Com	278865100
—	HD Supply Holdings Inc	43,693	$1.397M	0.3%	$31.97	—	Com	40416M105
BTI	British American Tobacco PLC	10,820	$1.381M	0.3%	$117.39	—	Com	110448107
TEVA	TEVA Pharmaceutical Industries Ltd	29,640	$1.364M	0.3%	$47.80	—	Com	881624209
ENS	EnerSys	19,611	$1.357M	0.3%	$55.70	+9.3%	Com	29275Y102
HPQ	HP Inc	85,218	$1.323M	0.3%	$9.12	+14.8%	Com	40434L105
E	ENI SPA ADR	45,280	$1.307M	0.3%	$29.43	—	Com	26874R108
CVX	ChevronTexaco	12,400	$1.276M	0.3%	$71.00	-3.6%	Com	166764100
H	Hyatt Hotels Corp	25,926	$1.276M	0.3%	$45.10	+10.6%	Com	448579102
PUK	Prudential PLC	33,970	$1.213M	0.3%	$35.82	—	Com	74435K204
—	Royal Dutch Shell PLC ADS Cl A	22,830	$1.143M	0.3%	$49.69	—	Com	780259206
—	SBA Communications Corp	9,930	$1.114M	0.3%	$102.59	—	Com	78388J106
ACGL	Arch Capital Group Ltd	13,400	$1.062M	0.3%	$20.42	+18.5%	Com	G0450A105
—	Buffalo Wild Wings Inc	7,055	$993K	0.2%	$138.91	—	Com	119848109
CBT	Cabot Corp	16,932	$887K	0.2%	$36.43	+8.0%	Com	127055101
CNI	Canadian National Railway Co	13,365	$874K	0.2%	$53.16	0.0%	Com	136375102
MD	Mednax Inc	13,004	$862K	0.2%	$61.32	+11.5%	Com	58502B106
TKC	Turkcell Iletisim Hizmetleri AS	104,700	$844K	0.2%	$9.55	—	Com	900111204
—	Unilever PLC ADR	17,600	$834K	0.2%	$44.94	—	Com	904767704
—	Investors Bancorp Inc New	68,430	$822K	0.2%	$11.58	—	Com	46146L101
ILMN	Illumina Inc	4,514	$820K	0.2%	$112.00	+42.9%	Com	452327109
SMFG	Sumitomo Mitsui Financial Group Inc	121,070	$817K	0.2%	$7.79	—	Com	86562M209
BUD	Anheuser-Busch InBev NV	6,125	$805K	0.2%	$99.93	—	Com	03524A108
—	Capgemini	15,820	$775K	0.2%	$48.99	—	Com	139098107
—	Gulfport Energy Corp	23,460	$663K	0.2%	$29.24	—	Com	402635304
CSGP	CoStar Group Inc	3,000	$650K	0.2%	$12.83	+66.0%	Com	22160N109
KMX	CarMax Inc	11,506	$614K	0.1%	$51.03	+11.0%	Com	143130102
IDXX	IDEXX Laboratories Inc	5,400	$609K	0.1%	$56.46	+86.7%	Com	45168D104
UNFI	United Natural Foods Inc	15,105	$605K	0.1%	$45.91	0.0%	Com	911163103
—	The Valspar Corp	5,690	$604K	0.1%	$69.59	—	Com	920355104
TLK	PPP PTelekomunikasi Indonesia	9,125	$603K	0.1%	$44.45	—	Com	715684106
SNA	Snap-On Inc	3,876	$589K	0.1%	$84.35	+45.8%	Com	833034101
SBS	Companhia de Saneamento Basico do Estado	63,105	$584K	0.1%	$8.97	—	Com	20441A102
PRI	Primerica Inc	10,400	$552K	0.1%	$48.86	+13.1%	Com	74164M108
TKR	Timken Co	15,616	$549K	0.1%	$31.51	+4.5%	Com	887389104
HXL	Hexcel Corp	12,265	$543K	0.1%	$36.20	+20.9%	Com	428291108
FDS	FactSet Research Systems Inc	3,300	$535K	0.1%	$83.78	+86.7%	Com	303075105
MPWR	Monolithic Power Systems Inc	6,517	$525K	0.1%	$36.78	+85.8%	Com	609839105
BLMN	Bloomin Brands Inc	29,960	$517K	0.1%	$14.04	+3.9%	Com	094235108
ENTG	Entegris Inc	29,080	$507K	0.1%	$10.71	+46.7%	Com	29362U104
TSLA	Tesla Motors Inc	2,300	$469K	0.1%	$15.15	-4.7%	Com	88160R101
ABEV	Ambev SA	76,560	$466K	0.1%	$6.16	—	Com	02319V103
WTM	White Mountains Insurance Group Ltd	560	$465K	0.1%	$786.03	+4.8%	Com	G9618E107
—	Shire PLC	2,375	$460K	0.1%	$203.56	—	Com	82481R106
—	Coherent Inc	4,152	$459K	0.1%	$65.03	—	Com	192479103
FELE	Franklin Electric Co Inc	11,064	$450K	0.1%	$28.82	+19.1%	Com	353514102
AEIS	Advanced Energy Industries Inc	9,465	$448K	0.1%	$28.69	+45.3%	Com	007973100
—	Eaton Vance Corp	10,828	$423K	0.1%	$39.07	—	Com	278265103
LFUS	Littelfuse Inc	3,261	$420K	0.1%	$79.59	+54.0%	Com	537008104
MWA	Mueller Water Products Inc	33,138	$416K	0.1%	$7.89	+30.0%	Com	624758108
SMG	Scotts Co	4,939	$411K	0.1%	$44.98	+28.5%	Com	810186106
—	Panera Bread Co	2,000	$389K	0.1%	$199.75	—	Com	69840W108
MATX	Matson Inc	9,620	$384K	0.1%	$31.23	0.0%	Com	57686G105
RGA	Reinsurance Group of America Inc	3,553	$384K	0.1%	$70.91	+44.0%	Com	759351604
CHD	Church Dwight Co Inc	8,000	$383K	0.1%	$43.42	+0.6%	Com	171340102
—	Mobile Telesystems OJSC	50,070	$382K	0.1%	$10.29	—	Com	607409109
MOH	Molina Healthcare Inc	6,526	$381K	0.1%	$50.87	+8.3%	Com	60855R100
—	WGL Holdings Inc	5,999	$376K	0.1%	$46.64	—	Com	92924F106
SONY	Sony Corp	11,185	$371K	0.1%	$26.48	—	Com	835699307
CTTAY	Continental AG	8,780	$369K	0.1%	$42.03	—	Com	210771200
—	Actuant Corp	15,400	$358K	0.1%	$23.25	—	Com	00508X203
EAT	Brinker International	7,050	$356K	0.1%	$44.04	0.0%	Com	109641100
RYN	Rayonier Inc	13,430	$356K	0.1%	$26.51	—	Com	754907103
CE	Celanese Corp	5,340	$355K	0.1%	$54.65	0.0%	Com	150870103
RELX	RELX PLC	18,340	$351K	0.1%	$17.89	—	Com	759530108
—	TreeHouse Foods Inc	4,000	$349K	0.1%	$69.00	—	Com	89469A104
OSIS	OSI Systems Inc	5,230	$342K	0.1%	$76.53	-17.6%	Com	671044105
—	Cabot Microelectronics Corp	6,306	$334K	0.1%	$43.77	—	Com	12709P103
TDY	Teledyne Technologies Inc	3,016	$326K	0.1%	$80.16	+31.6%	Com	879360105
UFCS	United Fire Group Inc	7,636	$323K	0.1%	$35.28	+20.7%	Com	910340108
—	Cantel Medical Corp	4,105	$320K	0.1%	$41.44	—	Com	138098108
—	First Cash Financial Services Inc	6,736	$317K	0.1%	$47.06	—	Com	31942D107
OKE	Oneok Inc	6,104	$314K	0.1%	$26.73	0.0%	Com	682680103
CPRT	Copart Inc	5,790	$310K	0.1%	$6.38	0.0%	Com	217204106
UAA	Under Armour Inc Cl A	8,000	$309K	0.1%	$20.00	+102.0%	Com	904311107
MDRX	Allscripts Healthcare Solutions Inc	23,370	$308K	0.1%	$13.37	0.0%	Com	01988P108
CHH	Choice Hotel International Inc	6,800	$307K	0.1%	$35.84	+22.7%	Com	169905106
—	South Jersey Industries Inc	10,350	$306K	0.1%	$24.53	—	Com	838518108
GLPI	Gaming and Leisure Properties Inc	9,039	$302K	0.1%	$34.52	—	Com	36467J108
EXP	Eagle Materials Inc	3,780	$292K	0.1%	$76.77	0.0%	Com	26969P108
FHN	First Horizon National Corp	19,130	$291K	0.1%	$10.74	0.0%	Com	320517105
—	ManTech International Corp	7,684	$290K	0.1%	$30.19	—	Com	564563104
CMCSA	Comcast Corporation New Cl A	4,366	$290K	0.1%	$18.38	+44.8%	Com	20030N101
KEY	KeyCorp	23,715	$289K	0.1%	$8.09	0.0%	Com	493267108
—	Flir Systems Inc	9,158	$288K	0.1%	$27.23	—	Com	302445101
MIDD	Middleby Corp	2,300	$284K	0.1%	$82.83	+48.3%	Com	596278101
GATX	GATX Corp	6,251	$278K	0.1%	$35.62	+0.4%	Com	361448103
—	PrivateBancorp Inc	6,050	$278K	0.1%	$45.95	—	Com	742962103
MPT	Medical Properties Trust Inc	18,765	$277K	0.1%	$13.75	—	Com	58463J304
WST	West Pharmaceutical Services Inc	3,700	$276K	0.1%	$44.20	+73.6%	Com	955306105
CMC	Commercial Metals Co	17,070	$276K	0.1%	$13.56	0.0%	Com	201723103
UA	Under Armour Inc Cl C	8,056	$273K	0.1%	$37.40	-3.5%	Com	904311206
—	PDC Energy Inc	4,025	$270K	0.1%	$67.08	—	Com	69327R101
—	B/E Aerospace Inc	5,210	$269K	0.1%	$42.42	—	Com	073302101
DLB	Dolby Laboratories Inc	4,930	$268K	0.1%	$44.12	0.0%	Com	25659T107
DEI	Douglas Emmett Inc	7,300	$267K	0.1%	$28.77	—	Com	25960P109
SANM	Sanmina Corp	9,257	$264K	0.1%	$20.09	+34.8%	Com	801056102
WLY	John Wiley & Sons Inc	5,120	$264K	0.1%	$41.01	0.0%	Com	968223206
MANU	Manchester United PLC	15,600	$263K	0.1%	$16.42	+0.4%	Com	G5784H106
HMN	Horace Mann Educators Corp	7,150	$262K	0.1%	$30.67	+15.4%	Com	440327104
—	Colony Financial Inc	14,195	$259K	0.1%	$18.38	—	Com	19624R106
MOG/A	Moog Inc	4,307	$256K	0.1%	$46.70	+12.8%	Com	615394202
PENN	Penn National Gaming Corp	18,600	$252K	0.1%	$14.07	0.0%	Com	707569109
RYAAY	Ryanair Holding PLC	3,340	$251K	0.1%	$69.46	—	Com	783513203
FAST	Fastenal Company	6,000	$251K	0.1%	$8.84	-5.9%	Com	311900104
SIG	Signet Jewelers Ltd	3,315	$247K	0.1%	$89.63	-22.2%	Com	G81276100
—	EverBank Financial Corp	12,700	$246K	0.1%	$15.98	—	Com	29977G102
GWRE	Guidewire Software Inc	4,058	$243K	0.1%	$51.50	+19.5%	Com	40171V100
KMT	Kennametal Inc	8,370	$243K	0.1%	$20.49	0.0%	Com	489170100
—	Altra Industrial Motion Corp	8,360	$242K	0.1%	$28.95	—	Com	02208R106
CNO	CNO Financial Group Inc	15,640	$239K	0.1%	$13.27	0.0%	Com	12621E103
TRMK	Trustmark Corp	8,672	$239K	0.1%	$17.98	+12.5%	Com	898402102
AIN	Albany International Corp	5,610	$238K	0.1%	$37.45	0.0%	Com	012348108
UBSI	United Bankshares Inc	6,264	$236K	0.1%	$39.54	-3.2%	Com	909907107
RHI	RobertHalf International Inc	6,200	$235K	0.1%	$38.11	0.0%	Com	770323103
NCLH	Norwegian Cruise Line Holdings Ltd	6,200	$234K	0.1%	$38.77	0.0%	Com	G66721104
HOPE	Hope Bancorp Inc	13,359	$232K	0.1%	$16.20	0.0%	Com	43940T109
—	Masonite International Corp	3,700	$230K	0.1%	$70.00	—	Com	575385109
IT	Gartner Inc	2,500	$221K	0.1%	$85.73	+9.4%	Com	366651107
SF	Stifel Financial Corporation	5,760	$221K	0.1%	$21.33	0.0%	Com	860630102
—	ANSYS Inc	2,350	$218K	0.1%	$91.06	—	Com	03662Q105
DKS	Dicks Sporting Goods Inc	3,750	$213K	0.1%	$42.17	0.0%	Com	253393102
MTH	Meritage Corp	6,116	$212K	0.1%	$18.28	-0.6%	Com	59001A102
—	Intersil Corp	9,325	$204K	0.0%	$12.77	—	Com	46069S109
CAG	ConAgra Foods Inc	4,340	$204K	0.0%	$25.34	+1.2%	Com	205887102
WSBC	WesBanco Inc	6,175	$203K	0.0%	$31.79	0.0%	Com	950810101
ACIW	ACI Worldwide Inc	10,400	$202K	0.0%	$22.75	-16.6%	Com	004498101
—	American Equity Investment Life Holding Co	11,326	$201K	0.0%	$24.02	—	Com	025676206
FSP	Franklin Street Properties Corp	15,070	$190K	0.0%	$11.74	—	Com	35471R106
—	Janus Capital Group Inc	12,450	$174K	0.0%	$13.98	—	Com	47102X105
—	Astoria Financial Corp	11,718	$171K	0.0%	$15.87	—	Com	046265104
—	VeriFone Systems Inc	10,640	$167K	0.0%	$15.70	—	Com	92342Y109
—	Inovalon Holding Inc	10,687	$157K	0.0%	$27.44	—	Com	45781D101
—	First Potomac Realty Trust	16,433	$150K	0.0%	$12.59	—	Com	33610F109
—	WPX Energy Inc	11,020	$145K	0.0%	$7.02	—	Com	98212B103
NVRI	Harsco Corp	10,695	$106K	0.0%	$9.53	0.0%	Com	415864107
—	Apollo Investment Corp	16,895	$98,000	0.0%	$8.07	—	Com	03761U106
—	Fifth Street Finance Corp	14,255	$83,000	0.0%	$8.45	—	Com	31678A103
HLIT	Harmonic Inc	10,240	$61,000	0.0%	$7.30	-45.3%	Com	413160102
—	PowerShares WilderHill Clean Energy Fund	15,692	$61,000	0.0%	$5.42	—	Com	73935X500
GNW	Genworth Financial Inc	11,955	$59,000	0.0%	$10.87	-64.7%	Com	37247D106