Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	YAMANA GOLD INC	1,250,000	$6.5M	3.6%	$4.68	—	COM	98462Y100
—	PRETIUM RES INC	575,000	$6.44M	3.5%	$6.02	—	COM	74139C102
LUV	SOUTHWEST AIRLS CO	166,016	$6.231M	3.4%	$35.92	+6.2%	COM	844741108
AAL	AMERICAN AIRLS GROUP INC	169,462	$6.016M	3.3%	$42.23	-23.2%	COM	02376R102
UAL	UNITED CONTL HLDGS INC	118,209	$5.543M	3.0%	$57.38	-17.5%	COM	910047109
—	RICHMONT MINES INC	598,300	$5.511M	3.0%	$3.23	—	COM	76547T106
DAL	DELTA AIR LINES INC DEL	126,758	$4.912M	2.7%	$38.79	-2.6%	COM NEW	247361702
—	SILVER WHEATON CORP	200,500	$4.72M	2.6%	$23.42	—	COM	828336107
—	BARRICK GOLD CORP	200,000	$4.27M	2.3%	$17.46	—	COM	067901108
—	SANDSTORM GOLD LTD	750,000	$3.345M	1.8%	$4.46	—	COM NEW	80013R206
HL	HECLA MNG CO	600,000	$3.06M	1.7%	$3.87	0.0%	COM	422704106
NEM	NEWMONT MINING CORP	75,000	$2.934M	1.6%	$26.01	0.0%	COM	651639106
—	FORTUNA SILVER MINES INC	400,000	$2.793M	1.5%	$4.22	—	COM	349915108
—	GOLD STD VENTURES CORP	1,500,000	$2.79M	1.5%	$0.61	—	COM	380738104
ALK	ALASKA AIR GROUP INC	43,713	$2.788M	1.5%	$62.88	+2.1%	COM	011659109
AEM	AGNICO EAGLE MINES LTD	51,500	$2.762M	1.5%	$23.94	+59.0%	COM	008474108
ALGT	ALLEGIANT TRAVEL CO	19,384	$2.662M	1.5%	$157.63	-12.3%	COM	01748X102
—	MARKET VECTORS ETF TR	1,500	$2.613M	1.4%	—	—	Call	57060U506
—	COMSTOCK MNG INC	7,286,648	$2.542M	1.4%	$1.17	—	COM	205750102
PSX	PHILLIPS 66	300	$2.38M	1.3%	—	—	Call	718546104
—	HAWAIIAN HOLDINGS INC	52,014	$2.225M	1.2%	$27.41	—	COM	419879101
—	SYNGENTA AG	25,200	$1.935M	1.1%	$79.47	—	SPONSORED ADR	87160A100
JBLU	JETBLUE AIRWAYS CORP	100,259	$1.838M	1.0%	$21.06	-11.8%	COM	477143101
UPS	UNITED PARCEL SERVICE INC	16,357	$1.762M	1.0%	$67.69	+8.0%	CL B	911312106
SHW	SHERWIN WILLIAMS CO	5,933	$1.742M	1.0%	$79.44	+12.2%	COM	824348106
—	VIRGIN AMER INC	30,999	$1.734M	1.0%	$28.91	—	COM VTG	92765X208
CALM	CAL MAINE FOODS INC	39,002	$1.728M	0.9%	$34.57	+3.6%	COM NEW	128030202
LMT	LOCKHEED MARTIN CORP	6,912	$1.715M	0.9%	$165.21	+10.4%	COM	539830109
—	SPIRIT AIRLS INC	40,132	$1.715M	0.9%	$52.78	—	COM	848577102
PZZA	PAPA JOHNS INTL INC	24,113	$1.64M	0.9%	$45.45	+9.1%	COM	698813102
MKTX	MARKETAXESS HLDGS INC	10,923	$1.588M	0.9%	$96.37	+26.0%	COM	57060D108
SKYW	SKYWEST INC	54,897	$1.578M	0.9%	$16.15	+41.4%	COM	830879102
—	SIBANYE GOLD LTD	112,900	$1.538M	0.8%	$13.62	—	SPONSORED ADR	825724206
LIT	GLOBAL X FDS	60,000	$1.499M	0.8%	$24.98	—	GLOBAL X LITHIUM	37954Y855
IT	GARTNER INC	15,129	$1.474M	0.8%	$88.84	+7.0%	COM	366651107
RGLD	ROYAL GOLD INC	20,400	$1.473M	0.8%	$41.77	+42.4%	COM	780287108
NAT	NORDIC AMERICAN TANKERS LIMI	105,400	$1.464M	0.8%	$14.56	0.0%	COM	G65773106
—	LOGMEIN INC	22,929	$1.454M	0.8%	$62.42	—	COM	54142L109
BA	BOEING CO	10,251	$1.37M	0.8%	$128.39	-7.7%	COM	097023105
KALU	KAISER ALUMINUM CORP	15,000	$1.356M	0.7%	$60.16	+6.1%	COM PAR $0.01	483007704
IDXX	IDEXX LABS INC	14,234	$1.322M	0.7%	$75.90	+13.1%	COM	45168D104
GD	GENERAL DYNAMICS CORP	8,845	$1.3M	0.7%	$110.80	+2.0%	COM	369550108
—	UNIVERSAL FST PRODS INC	13,900	$1.288M	0.7%	$66.77	—	COM	913543104
—	EQT MIDSTREAM PARTNERS LP	16,000	$1.285M	0.7%	$76.68	—	UNIT LTD PARTN	26885B100
PKG	PACKAGING CORP AMER	19,100	$1.278M	0.7%	$41.33	+18.9%	COM	695156109
ORA	ORMAT TECHNOLOGIES INC	29,200	$1.278M	0.7%	$40.08	0.0%	COM	686688102
—	MAG SILVER CORP	100,000	$1.261M	0.7%	$12.61	—	COM	55903Q104
—	ELDORADO GOLD CORP NEW	2,800	$1.26M	0.7%	$3.18	—	Call	284902103
LEA	LEAR CORP	12,100	$1.231M	0.7%	$96.53	-2.8%	COM NEW	521865204
INGR	INGREDION INC	9,500	$1.229M	0.7%	$92.99	+25.1%	COM	457187102
FFIV	F5 NETWORKS INC	10,776	$1.227M	0.7%	$95.83	+12.2%	COM	315616102
UVE	UNIVERSAL INS HLDGS INC	65,960	$1.226M	0.7%	$18.33	-1.4%	COM	91359V107
—	TURQUOISE HILL RES LTD	354,100	$1.205M	0.7%	$3.29	—	COM	900435108
TXRH	TEXAS ROADHOUSE INC	26,200	$1.195M	0.7%	$33.90	+11.3%	COM	882681109
PPC	PILGRIMS PRIDE CORP NEW	46,400	$1.182M	0.6%	$21.31	+17.9%	COM	72147K108
JKHY	HENRY JACK & ASSOC INC	13,427	$1.172M	0.6%	$71.28	+4.5%	COM	426281101
ORLY	O REILLY AUTOMOTIVE INC NEW	4,260	$1.155M	0.6%	$17.21	+2.7%	COM	67103H107
—	TESORO CORP	15,400	$1.154M	0.6%	$87.28	—	COM	881609101
—	CINER RES LP	41,000	$1.149M	0.6%	$28.02	—	COM UNIT LTD	172464109
FDS	FACTSET RESH SYS INC	7,111	$1.148M	0.6%	$136.09	+2.8%	COM	303075105
PKX	POSCO	25,500	$1.135M	0.6%	$44.51	—	SPONSORED ADR	693483109
TREX	TREX CO INC	25,157	$1.13M	0.6%	$9.74	+15.9%	COM	89531P105
GTLS	CHART INDS INC	46,700	$1.127M	0.6%	$24.68	0.0%	COM PAR $0.01	16115Q308
HD	HOME DEPOT INC	8,741	$1.117M	0.6%	$99.16	+5.9%	COM	437076102
ABBV	ABBVIE INC	18,000	$1.114M	0.6%	$40.97	0.0%	COM	00287Y109
WSM	WILLIAMS SONOMA INC	21,013	$1.095M	0.6%	$21.53	+1.1%	COM	969904101
—	RUTHS HOSPITALITY GROUP INC	67,912	$1.083M	0.6%	$18.30	—	COM	783332109
MA	MASTERCARD INC	11,709	$1.031M	0.6%	$84.27	+7.1%	CL A	57636Q104
RHI	ROBERT HALF INTL INC	26,600	$1.015M	0.6%	$41.54	-1.6%	COM	770323103
—	NEVSUN RES LTD	341,800	$1.005M	0.6%	$2.94	—	COM	64156L101
—	E TRADE FINANCIAL CORP	42,000	$987K	0.5%	$23.50	—	COM NEW	269246401
—	ATWOOD OCEANICS INC	78,700	$985K	0.5%	$11.53	—	COM	050095108
REGN	REGENERON PHARMACEUTICALS	2,780	$971K	0.5%	$502.56	-23.8%	COM	75886F107
UNP	UNION PAC CORP	11,100	$968K	0.5%	$68.24	0.0%	COM	907818108
VLO	VALERO ENERGY CORP NEW	18,800	$961K	0.5%	$42.98	-10.5%	COM	91913Y100
OC	OWENS CORNING NEW	18,600	$958K	0.5%	$49.80	0.0%	COM	690742101
FSLR	FIRST SOLAR INC	19,600	$950K	0.5%	$54.76	-2.7%	COM	336433107
MANH	MANHATTAN ASSOCS INC	14,750	$946K	0.5%	$71.10	-12.3%	COM	562750109
—	UNIT CORP	59,900	$932K	0.5%	$15.56	—	COM	909218109
WLK	WESTLAKE CHEM CORP	21,100	$906K	0.5%	$48.11	-17.8%	COM	960413102
—	FIBRIA CELULOSE S A	129,000	$872K	0.5%	$7.86	—	SP ADR REP COM	31573A109
—	POPEYES LA KITCHEN INC	14,709	$804K	0.4%	$52.03	—	COM	732872106
ON	ON SEMICONDUCTOR CORP	91,200	$804K	0.4%	$9.51	0.0%	COM	682189105
FNV	FRANCO NEVADA CORP	10,000	$761K	0.4%	$48.36	+26.5%	COM	351858105
—	DIREXION SHS ETF TR	12,400	$728K	0.4%	$58.71	—	DLY RUSSIA BL 3X	25490K273
NOC	NORTHROP GRUMMAN CORP	3,210	$714K	0.4%	$124.96	+44.2%	COM	666807102
—	GOLDEN STAR RES LTD CDA	1,050,000	$677K	0.4%	$0.46	—	COM	38119T104
—	RANDGOLD RES LTD	6,000	$672K	0.4%	$66.78	—	ADR	752344309
CMCSA	COMCAST CORP NEW	10,255	$669K	0.4%	$22.75	+8.7%	CL A	20030N101
—	MOBILE TELESYSTEMS PJSC	79,200	$656K	0.4%	$9.99	—	SPONSORED ADR	607409109
TSCO	TRACTOR SUPPLY CO	6,800	$620K	0.3%	$15.00	+6.9%	COM	892356106
AFL	AFLAC INC	8,383	$605K	0.3%	$23.58	+15.7%	COM	001055102
—	WALGREENS BOOTS ALLIANCE INC	7,067	$588K	0.3%	$84.19	—	COM	931427108
KR	KROGER CO	15,767	$580K	0.3%	$30.85	-4.2%	COM	501044101
—	PATTERSON COMPANIES INC	11,927	$571K	0.3%	$46.54	—	COM	703395103
UHS	UNIVERSAL HLTH SVCS INC	4,242	$569K	0.3%	$107.84	+17.4%	CL B	913903100
TJX	TJX COS INC NEW	7,225	$558K	0.3%	$30.36	+9.8%	COM	872540109
GWW	GRAINGER W W INC	2,443	$555K	0.3%	$179.37	+9.4%	COM	384802104
—	RAYTHEON CO	4,059	$552K	0.3%	$125.89	—	COM NEW	755111507
ROST	ROSS STORES INC	9,700	$550K	0.3%	$50.36	+0.3%	COM	778296103
CAH	CARDINAL HEALTH INC	7,030	$548K	0.3%	$60.87	-1.0%	COM	14149Y108
JBHT	HUNT J B TRANS SVCS INC	6,700	$542K	0.3%	$69.06	+9.3%	COM	445658107
LOW	LOWES COS INC	6,771	$536K	0.3%	$58.89	+10.0%	COM	548661107
RYAAY	RYANAIR HLDGS PLC	7,540	$531K	0.3%	$81.92	—	SPONSORED ADR NE	783513203
SYY	SYSCO CORP	9,931	$504K	0.3%	$33.38	+12.9%	COM	871829107
—	CHINA SOUTHN AIRLS LTD	14,550	$481K	0.3%	$34.70	—	SPON ADR CL H	169409109
OMC	OMNICOM GROUP INC	5,839	$476K	0.3%	$53.77	+11.0%	COM	681919106
—	CHINA EASTN AIRLS LTD	15,565	$437K	0.2%	$28.08	—	SPON ADR CL H	16937R104
GME	GAMESTOP CORP NEW	15,785	$420K	0.2%	$6.10	-6.1%	CL A	36467W109
VLRS	CONTROLADORA VUELA CIA DE AV	21,898	$396K	0.2%	$11.98	—	SPON ADR RP 10	21240E105
—	WYNDHAM WORLDWIDE CORP	5,400	$385K	0.2%	$76.42	—	COM	98310W108
CVS	CVS HEALTH CORP	3,966	$380K	0.2%	$73.35	+1.6%	COM	126650100
FCX	FREEPORT-MCMORAN INC	33,300	$371K	0.2%	$10.05	0.0%	CL B	35671D857
F	FORD MTR CO DEL	29,365	$369K	0.2%	$7.47	+6.3%	COM PAR $0.01	345370860
HIG	HARTFORD FINL SVCS GROUP INC	8,300	$368K	0.2%	$34.87	+4.0%	COM	416515104
—	XL GROUP PLC	10,941	$364K	0.2%	$37.02	—	SHS	G98290102
MSI	MOTOROLA SOLUTIONS INC	5,112	$337K	0.2%	$57.96	+5.7%	COM NEW	620076307
XOM	EXXON MOBIL CORP	2,900	$272K	0.1%	$52.41	+10.4%	COM	30231G102
NBIS	YANDEX N V	12,000	$262K	0.1%	$21.83	—	SHS CLASS A	N97284108
GLD	SPDR GOLD TRUST	2,000	$258K	0.1%	$129.00	—	GOLD SHS	78463V107
BHP	BHP BILLITON LTD	8,900	$254K	0.1%	$25.89	—	SPONSORED ADR	088606108
—	LUXOFT HLDG INC	4,100	$213K	0.1%	$51.75	—	ORD SHS CL A	G57279104
—	EXCHANGE TRADED CONCEPTS TR	6,000	$164K	0.1%	$27.33	—	REX GOLD SP500	301505863
TKC	TURKCELL ILETISIM HIZMETLERI	17,897	$164K	0.1%	$8.67	—	SPON ADR NEW	900111204
T	AT&T INC	3,000	$130K	0.1%	$11.33	+33.4%	COM	00206R102
FAN	FIRST TR ISE GLB WIND ENRG E	9,000	$117K	0.1%	$13.00	—	COM SHS	33736G106
—	BARCLAYS BK PLC	8,680	$113K	0.1%	$12.21	—	ETN DJUBS NCKL37	06739F119
—	VANECK VECTORS ETF TR	10,000	$107K	0.1%	$10.70	—	COAL ETF	92189F809
NTES	NETEASE INC	500	$97,000	0.1%	$98.21	—	SPONSORED ADR	64110W102
XPHDX	PIONEER FLOATING RATE TR	8,000	$92,000	0.1%	$1.98	—	COM	72369J102
DGZ	DEUTSCHE BK AG LDN BRH	6,800	$89,000	0.0%	$14.21	—	DB GOLD SHORT	25154H731
NAK	NORTHERN DYNASTY MINERALS LT	164,003	$88,000	0.0%	$0.34	+3.7%	COM NEW	66510M204
—	ELDORADO GOLD CORP NEW	18,500	$83,000	0.0%	$3.18	—	COM	284902103
—	HRG GROUP INC	4,900	$73,000	0.0%	$12.45	—	COM	40434J100
—	VIRTUS GLOBAL MULTI-SEC INC	4,372	$69,000	0.0%	$17.09	—	COM	92829B101
—	ETFS PALLADIUM TR	900	$61,000	0.0%	$67.78	—	SH BEN INT	26923A106
—	NUVEEN PFD INCOME OPPRTNY FD	5,375	$56,000	0.0%	$9.12	—	COM	67073B106
—	NUVEEN CR STRATEGIES INCM FD	5,500	$46,000	0.0%	$8.73	—	COM SHS	67073D102
—	DIREXION SHS ETF TR	2,800	$43,000	0.0%	$15.36	—	DLY ENERBR3X NEW	25459Y454
—	CHINA FIN ONLINE CO LTD	8,500	$40,000	0.0%	$4.71	—	SPONSORED ADR	169379104
—	CREDIT SUISSE NASSAU BRH	300	$35,000	0.0%	$116.67	—	VS 3XINV CRUDE	22542D548
—	CLAYMORE EXCHANGE TRD FD TR	1,500	$32,000	0.0%	$21.33	—	GUGGENHEIM SOLAR	18383Q739
COPX	GLOBAL X FDS	1,500	$26,000	0.0%	$17.33	—	GLOBAL X COPPER	37954Y830
—	POWERSHS DB US DOLLAR INDEX	1,000	$22,000	0.0%	$22.31	—	DOLL INDX BEAR	73936D206
SPY	SPDR S&P 500 ETF TR	100	$21,000	0.0%	$210.00	—	TR UNIT	78462F103
—	CLAYMORE EXCHANGE TRD FD TR	500	$12,000	0.0%	$24.00	—	GUGG MSCI GB ETF	18383Q879
SIL	GLOBAL X FDS	200	$11,000	0.0%	$55.00	—	GLOBAL X SILVER	37954Y848
—	ETFS PLATINUM TR	100	$11,000	0.0%	$110.00	—	SH BEN INT	26922V101
GDX	VANECK VECTORS ETF TR	300	$9,000	0.0%	$30.00	—	GOLD MINERS ETF	92189F106
GDXJ	VANECK VECTORS ETF TR	100	$5,000	0.0%	$50.00	—	JR GOLD MINERS E	92189F791
—	UNITED STATES NATL GAS FUND	500	$4,000	0.0%	$6.78	—	UNIT PAR $0.001	912318201
EWH	ISHARES	100	$2,000	0.0%	$20.00	—	MSCI HONG KG ETF	464286871