Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	KLONDEX MNS LTD	7,189,158	$16.61M	7.6%	$2.31	—	COM	498696103
LUV	SOUTHWEST AIRLS CO	218,783	$11.13M	5.1%	$43.82	+9.0%	COM	844741108
UAL	UNITED CONTL HLDGS INC	158,404	$11.05M	5.0%	$65.65	+5.9%	COM	910047109
DAL	DELTA AIR LINES INC DEL	220,889	$10.94M	5.0%	$41.50	+19.0%	COM NEW	247361702
AAL	AMERICAN AIRLS GROUP INC	276,233	$10.49M	4.8%	$43.48	-0.9%	COM	02376R102
—	KIRKLAND LAKE GOLD LTD	272,613	$5.758M	2.6%	$21.12	—	COM	49741E100
WPM	WHEATON PRECIOUS METALS CORP	223,420	$4.929M	2.2%	$19.10	+2.4%	COM	962879102
—	HAWAIIAN HOLDINGS INC	120,211	$4.322M	2.0%	$36.45	—	COM	419879101
—	SPIRIT AIRLS INC	103,768	$3.772M	1.7%	$41.46	—	COM	848577102
—	DIREXION SHS ETF	275,000	$3.754M	1.7%	$14.97	—	TR DAILY JR BULL 3X	25460E851
ALGT	ALLEGIANT TRAVEL CO	26,715	$3.712M	1.7%	$143.15	+0.3%	COM	01748X102
ALK	ALASKA AIR GROUP INC	61,213	$3.697M	1.7%	$71.52	-16.8%	COM	011659109
JBLU	JETBLUE AIRWAYS CORP	194,153	$3.685M	1.7%	$21.18	-9.1%	COM	477143101
SKYW	SKYWEST INC	70,983	$3.684M	1.7%	$26.94	+107.5%	COM	830879102
RGLD	ROYAL GOLD INC	39,397	$3.657M	1.7%	$86.87	+3.0%	COM	780287108
—	DIREXION SHS ETF	145,000	$3.527M	1.6%	$26.66	—	TR DLY GOLD INDX 3X	25460E844
BA	BOEING CO	9,654	$3.239M	1.5%	$146.99	+124.7%	COM	097023105
—	SANDSTORM GOLD LTD	715,000	$3.218M	1.5%	$4.50	—	COM NEW	80013R206
AGI	ALAMOS GOLD INC NEW	550,000	$3.13M	1.4%	$5.18	0.0%	COM CL A	011532108
SPGI	S&P GLOBAL INC	14,600	$2.977M	1.4%	$126.89	+45.7%	COM	78409V104
—	PRETIUM RES INC	400,000	$2.936M	1.3%	$7.34	—	COM	74139C102
TXT	TEXTRON INC	42,101	$2.775M	1.3%	$47.14	+35.5%	COM	883203101
GD	GENERAL DYNAMICS CORP	14,820	$2.763M	1.3%	$137.98	+24.7%	COM	369550108
PAAS	PAN AMERICAN SILVER CORP	150,000	$2.685M	1.2%	$17.24	0.0%	COM	697900108
—	GOLDEN STAR RES LTD CDA	3,250,000	$2.194M	1.0%	$0.68	—	COM	38119T104
WYNN	WYNN RESORTS LTD	11,700	$1.958M	0.9%	$140.96	+20.5%	COM	983134107
NEM	NEWMONT MINING CORP	50,000	$1.886M	0.9%	$28.10	+11.6%	COM	651639106
UPS	UNITED PARCEL SERVICE INC	17,200	$1.827M	0.8%	$83.75	0.0%	CL B	911312106
SVM	SILVERCORP METALS INC	664,600	$1.763M	0.8%	$2.76	+1.5%	COM	82835P103
—	YAMANA GOLD INC	600,000	$1.74M	0.8%	$2.90	—	COM	98462Y100
AMCX	AMC NETWORKS INC	27,600	$1.717M	0.8%	$59.15	-3.6%	CL A	00164V103
—	TAUBMAN CTRS INC	27,800	$1.634M	0.7%	$58.78	—	COM	876664103
FNV	FRANCO NEVADA CORP	22,357	$1.633M	0.7%	$69.65	-5.6%	COM	351858105
—	SPX CORP	44,300	$1.553M	0.7%	$35.06	—	COM	784635104
BTU	PEABODY ENERGY CORP NEW	33,900	$1.542M	0.7%	$35.79	0.0%	COM	704551100
PAHC	PHIBRO ANIMAL HEALTH CORP	33,000	$1.52M	0.7%	$37.41	+18.4%	CL A COM	71742Q106
PCH	POTLATCHDELTIC CORPORATION	29,900	$1.52M	0.7%	$50.84	—	COM	737630103
—	MALLINCKRODT PUB LTD CO	80,600	$1.504M	0.7%	$18.66	—	SHS	G5785G107
CORT	CORCEPT THERAPEUTICS INC	95,000	$1.493M	0.7%	$17.40	0.0%	COM	218352102
CC	CHEMOURS CO	31,900	$1.415M	0.6%	$36.67	0.0%	COM	163851108
MED	MEDIFAST INC	8,800	$1.409M	0.6%	$53.33	+95.0%	COM	58470H101
TPICQ	TPI COMPOSITES INC	46,700	$1.366M	0.6%	$20.94	+20.6%	COM	87266J104
—	GOLD STD VENTURES CORP	1,000,000	$1.365M	0.6%	$1.36	—	COM	380738104
—	AURYN RES INC	1,250,000	$1.351M	0.6%	$2.24	—	COM	05208W108
ALLE	ALLEGION PUB LTD CO	17,300	$1.338M	0.6%	$72.85	0.0%	ORD SHS	G0176J109
TECK	TECK RESOURCES LTD	51,900	$1.322M	0.6%	$24.17	+10.8%	CL B	878742204
ENR	ENERGIZER HLDGS INC NEW	20,400	$1.284M	0.6%	$41.68	+7.9%	COM	29272W109
—	ALIO GOLD INC	860,000	$1.251M	0.6%	$1.45	—	COM	01627X108
—	NORBORD INC	30,400	$1.251M	0.6%	$36.25	—	COM NEW	65548P403
—	CNOOC LTD	7,200	$1.233M	0.6%	$171.25	—	SPONSORED ADR	126132109
LYB	LYONDELLBASELL INDUSTRIES N	11,000	$1.208M	0.5%	$68.36	0.0%	SHS - A -	N53745100
KMB	KIMBERLY CLARK CORP	11,400	$1.201M	0.5%	$86.87	-8.6%	COM	494368103
VALE	VALE S A	93,000	$1.192M	0.5%	$12.82	—	ADR	91912E105
PBI	PITNEY BOWES INC	139,000	$1.191M	0.5%	$9.65	0.0%	COM	724479100
RYAAY	RYANAIR HLDGS PLC	10,232	$1.169M	0.5%	$96.47	—	SPONSORED ADR NE	783513203
BGS	B & G FOODS INC NEW	39,000	$1.166M	0.5%	$13.72	0.0%	COM	05508R106
AA	ALCOA CORP	24,400	$1.144M	0.5%	$47.30	+1.5%	COM	013872106
CIEN	CIENA CORP	43,097	$1.143M	0.5%	$23.53	+7.9%	COM NEW	171779309
HMY	HARMONY GOLD MNG LTD	730,903	$1.14M	0.5%	$1.81	—	SPONSORED ADR	413216300
—	ARCH COAL INC	14,200	$1.114M	0.5%	$78.45	—	CL A	039380407
—	CHINA PETE & CHEM CORP	12,400	$1.114M	0.5%	$89.84	—	SPON ADR H SHS	16941R108
BAK	BRASKEM S A	42,800	$1.113M	0.5%	$26.00	—	SP ADR PFD A	105532105
—	AMERICAS SILVER CORP	350,000	$1.095M	0.5%	$3.50	—	COM NEW	03063L705
LPX	LOUISIANA PAC CORP	38,600	$1.051M	0.5%	$28.79	0.0%	COM	546347105
—	NEVSUN RES LTD	300,000	$1.041M	0.5%	$3.47	—	COM	64156L101
—	CUTERA INC	25,500	$1.028M	0.5%	$40.31	—	COM	232109108
NPO	ENPRO INDS INC	14,600	$1.021M	0.5%	$74.69	0.0%	COM	29355X107
DQ	DAQO NEW ENERGY CORP	28,305	$1.006M	0.5%	$35.54	—	SPNSRD ADR NEW	23703Q203
SSRM	SSR MNG INC	100,000	$987K	0.4%	$10.07	+1.1%	COM	784730103
—	GOL LINHAS AEREAS INTLG S A	178,318	$952K	0.4%	$9.64	—	SPON ADR PFD NEW	38045R206
OMAB	GRUPO AEROPORTUARIO CTR NORT	22,636	$943K	0.4%	$44.17	—	SPON ADR	400501102
ACLS	AXCELIS TECHNOLOGIES INC	47,600	$942K	0.4%	$21.99	0.0%	COM NEW	054540208
HBM	HUDBAY MINERALS INC	168,500	$940K	0.4%	$6.80	0.0%	COM	443628102
LGIH	LGI HOMES INC	15,900	$918K	0.4%	$63.60	+1.4%	COM	50187T106
—	GREAT PANTHER SILVER LTD	750,000	$878K	0.4%	$1.17	—	COM	39115V101
—	NIC INC	55,811	$868K	0.4%	$16.97	—	COM	62914B100
PPC	PILGRIMS PRIDE CORP NEW	43,000	$866K	0.4%	$29.41	-26.9%	COM	72147K108
COKE	COCA COLA BOTTLING CO CONS	6,400	$865K	0.4%	$13.92	0.0%	COM	191098102
SNBR	SLEEP NUMBER CORP	27,400	$795K	0.4%	$36.60	-16.7%	COM	83125X103
—	SINOPEC SHANGHAI PETROCHEMIC	11,500	$690K	0.3%	$60.00	—	SPON ADR H	82935M109
KGC	KINROSS GOLD CORP	169,615	$638K	0.3%	$3.91	-4.0%	COM NO PAR	496902404
GFI	GOLD FIELDS LTD NEW	167,036	$597K	0.3%	$3.83	—	SPONSORED ADR	38059T106
BAX	BAXTER INTL INC	7,900	$583K	0.3%	$58.95	+4.4%	COM	071813109
VLO	VALERO ENERGY CORP NEW	5,200	$576K	0.3%	$68.16	+21.1%	COM	91913Y100
HD	HOME DEPOT INC	2,900	$566K	0.3%	$130.30	+19.0%	COM	437076102
V	VISA INC COM	4,200	$556K	0.3%	$96.04	+27.1%	CL A	92826C839
BK	BANK NEW YORK MELLON CORP	10,000	$539K	0.2%	$44.69	-0.3%	COM	064058100
CMCL	CALEDONIA MNG CORP PLC	62,911	$531K	0.2%	$6.81	0.0%	SHS NEW	G1757E113
EL	LAUDER ESTEE COS INC	3,600	$514K	0.2%	$108.54	+23.9%	CL A	518439104
—	HANESBRANDS INC	23,200	$511K	0.2%	$20.74	—	COM	410345102
ZION	ZIONS BANCORPORATION	9,600	$506K	0.2%	$53.92	+2.4%	COM	989701107
KEY	KEYCORP NEW	25,800	$504K	0.2%	$13.98	0.0%	COM	493267108
SA	SEABRIDGE GOLD INC	45,000	$502K	0.2%	$10.79	0.0%	COM	811916105
AMGN	AMGEN INC	2,700	$498K	0.2%	$138.82	+1.0%	COM	031162100
AWK	AMERICAN WTR WKS CO INC NEW	5,700	$487K	0.2%	$74.99	-4.5%	COM	030420103
TXN	TEXAS INSTRS INC	4,400	$485K	0.2%	$77.87	+12.1%	COM	882508104
BTG	B2GOLD CORP	186,281	$484K	0.2%	$2.18	0.0%	COM	11777Q209
STZ	CONSTELLATION BRANDS INC	2,200	$482K	0.2%	$190.52	+4.8%	CL A	21036P108
—	FORTUNA SILVER MINES INC	83,997	$477K	0.2%	$5.22	—	COM	349915108
ZTS	ZOETIS INC	5,600	$477K	0.2%	$79.49	0.0%	CL A	98978V103
—	INGERSOLL-RAND PLC	5,200	$467K	0.2%	$89.81	—	SHS	G47791101
SNA	SNAP ON INC	2,900	$466K	0.2%	$124.36	0.0%	COM	833034101
CMA	COMERICA INC	4,900	$446K	0.2%	$67.40	0.0%	COM	200340107
HUM	HUMANA INC	1,500	$446K	0.2%	$274.31	0.0%	COM	444859102
CTRA	CABOT OIL & GAS CORP	18,700	$445K	0.2%	$19.76	-12.9%	COM	127097103
AVGO	BROADCOM INC	1,820	$442K	0.2%	$19.73	0.0%	COM ADDED	11135F101
COST	COSTCO WHSL CORP NEW	2,100	$439K	0.2%	$177.76	0.0%	COM	22160K105
—	TOTAL SYS SVCS INC	5,100	$431K	0.2%	$79.05	—	COM	891906109
VZ	VERIZON COMMUNICATIONS INC	8,400	$423K	0.2%	$32.21	0.0%	COM	92343V104
MPC	MARATHON PETE CORP	6,000	$421K	0.2%	$47.48	+26.4%	COM	56585A102
ORCL	ORACLE CORP	9,500	$419K	0.2%	$41.17	0.0%	COM	68389X105
AMT	AMERICAN TOWER CORP NEW	2,900	$418K	0.2%	$115.75	-1.7%	COM	03027X100
PPG	PPG INDS INC	4,000	$415K	0.2%	$91.63	0.0%	COM	693506107
SPY	SPDR S&P 500 ETF TR	354	$387K	0.2%	$1883.33	—	Put	78462F103
—	COMSTOCK MNG INC	1,457,329	$379K	0.2%	$0.39	—	COM NEW	205750201
CCL	CARNIVAL CORP	6,200	$355K	0.2%	$58.94	0.0%	UNIT 99/99/9999	143658300
RCL	ROYAL CARIBBEAN CRUISES LTD	3,400	$352K	0.2%	$102.70	0.0%	COM	V7780T103
DXC	DXC TECHNOLOGY CO	4,300	$347K	0.2%	$82.10	0.0%	COM	23355L106
—	DIREXION SHS ETF	7,600	$323K	0.1%	$42.50	—	TR DAILY RUSSIA 3X	25490K273
XLY	SELECT SECTOR SPDR	2,500	$274K	0.1%	$99.84	—	TR SBI CONS DISCR	81369Y407
GNR	SPDR INDEX SHS FDS	3,500	$270K	0.1%	—	—	Call	78463X541
FFTY	INNOVATOR ETFS	7,500	$263K	0.1%	$35.07	—	TR IBD 50 ETF	45782C102
—	MOBILE TELESYSTEMS PJSC	23,200	$205K	0.1%	$8.84	—	SPONSORED ADR	607409109
—	LUXOFT HLDG INC ORD SHS	4,600	$170K	0.1%	$36.96	—	CL A	G57279104
BHP	BHP BILLITON LTD	460	$169K	0.1%	—	—	Call	088606108
BP	BP PLC	510	$154K	0.1%	—	—	Call	055622104
—	MECHEL PAO	46,000	$144K	0.1%	$3.13	—	SPONSORED ADR NE	583840608
—	TOTAL S A	600	$143K	0.1%	—	—	Call	89151E109
NTR	NUTRIEN LTD	300	$111K	0.1%	—	—	Call	67077M108
FCX	FREEPORT-MCMORAN INC	1,400	$104K	0.0%	—	—	Call	35671D857
—	DIREXION SHS ETF	5,000	$95,000	0.0%	$19.00	—	TR DAILY RUSSIA 3X	25460E828
—	ROYAL DUTCH SHELL PLC	280	$91,000	0.0%	—	—	Call	780259206
CVX	CHEVRON CORP NEW	160	$64,000	0.0%	—	—	Call	166764100
FNV	FRANCO NEVADA CORP	150	$20,000	0.0%	$69.65	-5.6%	Call	351858105
XOM	EXXON MOBIL CORP	300	$15,000	0.0%	—	—	Call	30231G102
SJT	SAN JUAN BASIN RTY	2,000	$12,000	0.0%	$7.90	—	TR UNIT BEN INT	798241105