Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	732,300	$150M	31.9%	$131.41	+59.0%	CL B NEW	084670702
AMZN	AMAZON COM INC	40,782	$61.25M	13.1%	$45.56	+82.5%	COM	023135106
SPY	SPDR S&P 500 ETF TR	147,000	$36.74M	7.8%	$189.01	—	TR UNIT	78462F103
G	GENPACT LIMITED	581,750	$15.7M	3.4%	$15.84	+65.3%	SHS	G3922B107
Z	ZILLOW GROUP INC	400,372	$12.64M	2.7%	$26.39	+34.6%	CL C CAP STK	98954M200
CACC	CREDIT ACCEP CORP MICH	32,930	$12.57M	2.7%	$191.79	+110.0%	COM	225310101
—	AUDENTES THERAPEUTICS INC	502,339	$10.71M	2.3%	$21.32	—	COM	05070R104
GDX	VANECK VECTORS ETF TR	425,000	$8.963M	1.9%	$20.03	—	GOLD MINERS ETF	92189F106
V	VISA INC	67,730	$8.936M	1.9%	$80.79	+62.7%	COM CL A	92826C839
IEF	ISHARES TR	81,700	$8.513M	1.8%	$104.67	—	BARCLAYS 7 10 YR	464287440
META	FACEBOOK INC	52,670	$6.905M	1.5%	$163.24	-11.9%	CL A	30303M102
FEZ	SPDR INDEX SHS FDS	190,000	$6.321M	1.4%	$37.86	—	EURO STOXX 50	78463X202
ZG	ZILLOW GROUP INC	175,941	$5.53M	1.2%	$32.79	+7.7%	CL A	98954M101
GOOGL	ALPHABET INC	5,110	$5.34M	1.1%	$37.64	+42.5%	CAP STK CL A	02079K305
—	QURATE RETAIL INC	238,359	$4.652M	1.0%	$20.57	—	COM SER A	74915M100
VEA	VANGUARD TAX MANAGED INTL FD	110,100	$4.085M	0.9%	$41.34	—	FTSE DEV MKT ETF	921943858
ATMP	BARCLAYS BK PLC	190,000	$3.369M	0.7%	$19.75	—	ETN+ SEL MLP	06742C723
DXJ	WISDOMTREE TR	62,800	$2.913M	0.6%	$50.14	—	JAPN HEDGE EQT	97717W851
TIP	ISHARES TR	26,000	$2.847M	0.6%	$115.11	—	TIPS BD ETF	464287176
EWU	ISHARES TR	87,500	$2.568M	0.5%	$31.74	—	MSCI UK ETF NEW	46435G334
BND	VANGUARD BD INDEX FD INC	32,400	$2.566M	0.5%	$81.93	—	TOTAL BND MRKT	921937835
GLD	SPDR GOLD TRUST	20,000	$2.425M	0.5%	$122.76	—	GOLD SHS	78463V107
—	UNITED STATES OIL FUND LP	227,000	$2.193M	0.5%	$9.66	—	UNITS	91232N108
FXI	ISHARES TR	55,000	$2.149M	0.5%	$39.07	—	CHINA LG-CAP ETF	464287184
TLT	ISHARES TR	17,550	$2.133M	0.5%	$122.99	—	20 YR TR BD ETF	464287432
RYAAY	RYANAIR HLDGS PLC	28,368	$2.024M	0.4%	$72.89	—	SPONSORED ADR NE	783513203
IEI	ISHARES TR	15,200	$1.845M	0.4%	$124.48	—	3 7 YR TREAS BD	464288661
MHK	MOHAWK INDS INC	14,932	$1.746M	0.4%	$133.40	0.0%	COM	608190104
XLU	SELECT SECTOR SPDR TR	32,650	$1.728M	0.4%	$46.81	—	SBI INT-UTILS	81369Y886
—	LIBERTY PPTY TR	39,800	$1.666M	0.4%	$43.99	—	SH BEN INT	531172104
VNQ	VANGUARD INDEX FDS	22,200	$1.655M	0.4%	$82.06	—	REAL ESTATE ETF	922908553
EWJ	ISHARES INC	32,400	$1.642M	0.4%	$50.05	—	MSCI JPN ETF NEW	46434G822
—	JPMORGAN CHASE & CO	70,000	$1.562M	0.3%	$26.79	—	ALERIAN ML ETN	46625H365
INDA	ISHARES TR	45,400	$1.514M	0.3%	$30.80	—	MSCI INDIA ETF	46429B598
EWI	ISHARES INC	50,000	$1.211M	0.3%	$24.22	—	MSCI ITALY ETF	46434G830
—	COUSINS PPTYS INC	148,600	$1.173M	0.3%	$7.89	—	COM	222795106
AMT	AMERICAN TOWER CORP NEW	7,400	$1.17M	0.2%	$114.74	+12.9%	COM	03027X100
SUI	SUN CMNTYS INC	11,380	$1.157M	0.2%	$79.71	—	COM	866674104
—	HCP INC	41,300	$1.154M	0.2%	$27.94	—	COM	40414L109
—	APARTMENT INVT & MGMT CO	26,200	$1.149M	0.2%	$43.43	—	CL A	03748R101
INVH	INVITATION HOMES INC	56,700	$1.138M	0.2%	$17.57	0.0%	COM	46187W107
—	STORE CAP CORP	40,200	$1.138M	0.2%	$27.39	—	COM	862121100
ARE	ALEXANDRIA REAL ESTATE EQ IN	9,800	$1.13M	0.2%	$93.79	-0.5%	COM	015271109
—	DUKE REALTY CORP	43,500	$1.127M	0.2%	$27.91	—	COM NEW	264411505
HST	HOST HOTELS & RESORTS INC	67,360	$1.122M	0.2%	$13.47	+6.1%	COM	44107P104
—	ALLIANZGI EQUITY & CONV INCO	60,000	$1.112M	0.2%	$18.58	—	COM	018829101
SPG	SIMON PPTY GROUP INC NEW	6,600	$1.109M	0.2%	$102.33	+18.2%	COM	828806109
CUBE	CUBESMART	38,600	$1.108M	0.2%	$28.48	—	COM	229663109
—	CORESITE RLTY CORP	12,690	$1.107M	0.2%	$81.91	—	COM	21870Q105
KRC	KILROY RLTY CORP	17,600	$1.106M	0.2%	$71.70	—	COM	49427F108
SHO	SUNSTONE HOTEL INVS INC NEW	84,600	$1.101M	0.2%	$15.39	—	COM	867892101
—	HEALTHCARE TR AMER INC	43,460	$1.099M	0.2%	$30.11	—	CL A NEW	42225P501
EQIX	EQUINIX INC	3,100	$1.094M	0.2%	$357.53	-4.7%	COM PAR $0.001	29444U700
BRX	BRIXMOR PPTY GROUP INC	74,500	$1.094M	0.2%	$14.68	—	COM	11120U105
ESRT	EMPIRE ST RLTY TR INC	76,800	$1.093M	0.2%	$16.84	—	CL A	292104106
XLK	SELECT SECTOR SPDR TR	17,630	$1.093M	0.2%	$41.94	—	TECHNOLOGY	81369Y803
—	FEDERAL REALTY INVT TR	9,200	$1.085M	0.2%	$125.10	—	SH BEN INT NEW	313747206
CDP	CORPORATE OFFICE PPTYS TR	51,300	$1.079M	0.2%	$29.85	—	SH BEN INT	22002T108
SBRA	SABRA HEALTH CARE REIT INC	65,100	$1.073M	0.2%	$16.48	—	COM	78573L106
—	SITE CENTERS CORP	96,600	$1.07M	0.2%	$11.08	—	COM	82981J109
SKT	TANGER FACTORY OUTLET CTRS I	51,500	$1.041M	0.2%	$23.47	—	COM	875465106
EWY	ISHARES INC	17,500	$1.03M	0.2%	$62.48	—	MSCI STH KOR ETF	464286772
EWG	ISHARES INC	39,700	$1.006M	0.2%	$26.46	—	MSCI GERMANY ETF	464286806
—	NUVEEN QUALITY MUNCP INCOME	80,000	$1.003M	0.2%	$14.05	—	COM	67066V101
EIRL	ISHARES TR	25,100	$929K	0.2%	$40.65	—	MSCI IRELAND ETF	46429B507
—	ADAMS DIVERSIFIED EQUITY FD	72,000	$909K	0.2%	$12.67	—	COM	006212104
EWL	ISHARES INC	25,050	$790K	0.2%	$29.07	—	MSCI SWITZERLAND	464286749
MCHI	ISHARES TR	15,000	$789K	0.2%	$59.87	—	MSCI CHINA ETF	46429B671
ASHR	DBX ETF TR	33,400	$732K	0.2%	$26.53	—	XTRACK HRVST CSI	233051879
—	MORGAN STANLEY CHINA A SH FD	40,000	$730K	0.2%	$25.50	—	COM	617468103
XLV	SELECT SECTOR SPDR TR	8,340	$721K	0.2%	$93.48	—	SBI HEALTHCARE	81369Y209
WFC	WELLS FARGO CO NEW	14,710	$679K	0.1%	$42.87	-2.0%	COM	949746101
SCHW	SCHWAB CHARLES CORP NEW	16,250	$674K	0.1%	$33.28	+22.9%	COM	808513105
SLRC	SOLAR CAP LTD	35,000	$672K	0.1%	$7.03	+44.9%	COM	83413U100
—	NUVEEN PFD & INCM OPPORTNYS	80,000	$667K	0.1%	$9.58	—	COM	67073B106
XLC	SELECT SECTOR SPDR TR	15,790	$652K	0.1%	$48.46	—	COMMUNICATION	81369Y852
XLP	SELECT SECTOR SPDR TR	12,820	$651K	0.1%	$54.87	—	SBI CONS STPLS	81369Y308
AVB	AVALONBAY CMNTYS INC	3,440	$599K	0.1%	$138.32	+2.0%	COM	053484101
EQR	EQUITY RESIDENTIAL	8,900	$588K	0.1%	$51.33	0.0%	SH BEN INT	29476L107
MCK	MCKESSON CORP	4,900	$542K	0.1%	$150.38	-21.5%	COM	58155Q103
UAL	UNITED CONTL HLDGS INC	6,460	$540K	0.1%	$64.66	+35.9%	COM	910047109
CRM	SALESFORCE COM INC	3,800	$520K	0.1%	$135.90	0.0%	COM	79466L302
BFH	ALLIANCE DATA SYSTEMS CORP	3,400	$511K	0.1%	$148.16	-6.7%	COM	018581108
AMAT	APPLIED MATLS INC	15,600	$511K	0.1%	$40.70	-22.1%	COM	038222105
CAT	CATERPILLAR INC DEL	4,000	$508K	0.1%	$111.50	0.0%	COM	149123101
—	SPDR SERIES TRUST	56,000	$505K	0.1%	$14.82	—	OILGAS EQUIP	78464A748
MCHP	MICROCHIP TECHNOLOGY INC	7,000	$503K	0.1%	$38.47	-19.7%	COM	595017104
PII	POLARIS INDS INC	6,500	$498K	0.1%	$89.86	0.0%	COM	731068102
GWRE	GUIDEWIRE SOFTWARE INC	6,200	$497K	0.1%	$87.19	0.0%	COM	40171V100
INTC	INTEL CORP	10,500	$493K	0.1%	$41.52	-3.2%	COM	458140100
KLAC	KLA-TENCOR CORP	5,500	$493K	0.1%	$98.18	-14.2%	COM	482480100
STT	STATE STR CORP	7,800	$492K	0.1%	$56.82	0.0%	COM	857477103
CMP	COMPASS MINERALS INTL INC	11,800	$492K	0.1%	$55.64	-21.8%	COM	20451N101
BLKB	BLACKBAUD INC	7,800	$491K	0.1%	$71.38	0.0%	COM	09227Q100
—	ALLERGAN PLC	3,640	$487K	0.1%	$192.03	—	SHS	G0177J108
EFX	EQUIFAX INC	5,200	$484K	0.1%	$100.20	0.0%	COM	294429105
GIS	GENERAL MLS INC	12,400	$483K	0.1%	$37.90	-13.0%	COM	370334104
CAH	CARDINAL HEALTH INC	10,700	$477K	0.1%	$49.60	-14.8%	COM	14149Y108
—	TWENTY FIRST CENTY FOX INC	9,870	$475K	0.1%	$48.28	—	CL A	90130A101
—	KELLOGG CO	8,300	$473K	0.1%	$46.40	0.0%	COM	487836108
—	ELLINGTON FINANCIAL LLC	30,000	$460K	0.1%	$16.36	—	COM	288522303
AME	AMETEK INC NEW	6,750	$457K	0.1%	$62.04	+10.2%	COM	031100100
XLI	SELECT SECTOR SPDR TR	6,850	$441K	0.1%	$64.38	—	SBI INT-INDS	81369Y704
—	INVESCO MORTGAGE CAPITAL INC	30,000	$434K	0.1%	$15.05	—	COM	46131B100
MAC	MACERICH CO	10,000	$433K	0.1%	$55.80	—	COM	554382101
ACN	ACCENTURE PLC IRELAND	3,020	$426K	0.1%	$100.26	+42.5%	SHS CLASS A	G1151C101
GOOG	ALPHABET INC	410	$425K	0.1%	$48.90	+8.7%	CAP STK CL C	02079K107
—	OAKTREE CAP GROUP LLC	10,000	$398K	0.1%	$46.58	—	UNIT CL A	674001201
LYB	LYONDELLBASELL INDUSTRIES N	4,620	$384K	0.1%	$51.21	+13.2%	SHS - A -	N53745100
JBGS	JBG SMITH PPTYS	11,000	$383K	0.1%	$36.45	—	COM	46590V100
SGI	TEMPUR SEALY INTL INC	8,900	$369K	0.1%	$14.27	-16.0%	COM	88023U101
LEA	LEAR CORP	2,980	$366K	0.1%	$115.32	0.0%	COM NEW	521865204
AMCX	AMC NETWORKS INC	6,640	$364K	0.1%	$58.47	0.0%	CL A	00164V103
GPMT	GRANITE PT MTG TR INC	20,000	$361K	0.1%	$17.73	—	COM	38741L107
—	CELGENE CORP	5,590	$358K	0.1%	$64.04	—	COM	151020104
DIS	DISNEY WALT CO	3,250	$356K	0.1%	$94.46	+15.5%	COM DISNEY	254687106
IBB	ISHARES TR	3,660	$353K	0.1%	$151.15	—	NASDAQ BIOTECH	464287556
—	SIX FLAGS ENTMT CORP NEW	6,340	$352K	0.1%	$56.03	—	COM	83001A102
KDP	KEURIG DR PEPPER INC	13,700	$351K	0.1%	$21.35	0.0%	COM	49271V100
TDG	TRANSDIGM GROUP INC	1,010	$343K	0.1%	$168.51	+51.1%	COM	893641100
PKG	PACKAGING CORP AMER	3,980	$332K	0.1%	$74.71	0.0%	COM	695156109
BIIB	BIOGEN INC	1,090	$328K	0.1%	$302.28	+5.6%	COM	09062X103
—	INVESCO QUALITY MUNI INC TRS	29,200	$328K	0.1%	$11.69	—	COM	46133G107
AAPL	APPLE INC	2,050	$323K	0.1%	$18.08	+154.4%	COM	037833100
MO	ALTRIA GROUP INC	6,460	$319K	0.1%	$17.52	+89.0%	COM	02209S103
—	DISCOVERY INC	12,690	$314K	0.1%	$24.74	—	COM SER A	25470F104
HD	HOME DEPOT INC	1,820	$313K	0.1%	$90.45	+66.3%	COM	437076102
FFIV	F5 NETWORKS INC	1,930	$313K	0.1%	$114.68	+49.6%	COM	315616102
—	INVESCO DYNAMIC CR OPP FD	30,000	$308K	0.1%	$10.27	—	COM	46132R104
—	CORNERSTONE ONDEMAND INC	6,080	$307K	0.1%	$41.44	—	COM	21925Y103
TXN	TEXAS INSTRS INC	3,220	$304K	0.1%	$30.07	+163.1%	COM	882508104
HRL	HORMEL FOODS CORP	6,940	$296K	0.1%	$25.02	+42.6%	COM	440452100
VNM	VANECK VECTORS ETF TR	20,000	$295K	0.1%	$14.97	—	VIETNAM ETF	92189F817
AZO	AUTOZONE INC	350	$293K	0.1%	$418.68	+91.4%	COM	053332102
—	SPIRIT RLTY CAP INC NEW	8,200	$289K	0.1%	$35.24	—	COM NEW	84860W300
LMT	LOCKHEED MARTIN CORP	1,100	$288K	0.1%	$153.91	+62.5%	COM	539830109
—	GCI LIBERTY INC	6,950	$286K	0.1%	$52.85	—	COM CLASS A	36164V305
MMM	3M CO	1,480	$282K	0.1%	$76.55	+67.5%	COM	88579Y101
FAST	FASTENAL CO	5,250	$274K	0.1%	$9.28	+21.5%	COM	311900104
HON	HONEYWELL INTL INC	2,070	$273K	0.1%	$84.19	+39.8%	COM	438516106
CLX	CLOROX CO DEL	1,730	$267K	0.1%	$93.27	+35.6%	COM	189054109
—	TWO HBRS INVT CORP	20,000	$257K	0.1%	$16.04	—	COM NEW	90187B408
EXPE	EXPEDIA GROUP INC	2,280	$257K	0.1%	$118.73	-1.7%	COM NEW	30212P303
ORCL	ORACLE CORP	5,670	$256K	0.1%	$28.97	+49.0%	COM	68389X105
CHTR	CHARTER COMMUNICATIONS INC N	890	$254K	0.1%	$267.64	+17.2%	CL A	16119P108
XHB	SPDR SERIES TRUST	7,760	$252K	0.1%	$39.57	—	S&P HOMEBUILD	78464A888
EWN	ISHARES INC	9,060	$238K	0.1%	$23.84	—	MSCI NETHERL ETF	464286814
EWH	ISHARES INC	10,000	$226K	0.0%	$22.30	—	MSCI HONG KG ETF	464286871
XLF	SELECT SECTOR SPDR TR	9,350	$223K	0.0%	$25.94	—	SBI INT-FINL	81369Y605
POST	POST HLDGS INC	2,290	$204K	0.0%	$50.86	+18.4%	COM	737446104
—	NUVEEN MARYLAND QLT MUN INC	15,000	$176K	0.0%	$12.13	—	COM	67061Q107
—	NOBLE CORP PLC	40,000	$105K	0.0%	$7.03	—	SHS USD	G65431101
—	GULFPORT ENERGY CORP	15,890	$104K	0.0%	$12.60	—	COM NEW	402635304
—	WESCO AIRCRAFT HLDGS INC	11,500	$91,000	0.0%	$13.87	—	COM	950814103