Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USMV	iShares Edge MSCI Mi n Vol USA ETF	198,837	$12.74M	5.5%	$57.48	—	ETF	46429B697
XLU	Utilities Select Sec tor SPDR Fund	195,819	$12.68M	5.5%	$60.60	—	ETF	81369Y886
GHYB	GOLDMAN SACHS ACCESS HY CORP ETF	252,000	$12.44M	5.4%	$49.35	—	ETF	381430453
XLB	Materials Select Sec tor SPDR Fund	154,364	$8.984M	3.9%	$55.50	—	ETF	81369Y100
XLK	Technology Select Se ctor SPDR Fund	107,058	$8.621M	3.7%	$58.63	—	ETF	81369Y803
XLP	Consumer Staples Sel ect Sector SPDR Fund	139,173	$8.548M	3.7%	$59.76	—	ETF	81369Y308
XLF	Financial Select Sec tor SPDR Fund	246,930	$6.916M	3.0%	$25.03	—	ETF	81369Y605
XLY	Consumer Discretiona ry Select Sector SPD	55,830	$6.739M	2.9%	$92.39	—	ETF	81369Y407
IVV	iShares Core S&P 500 ETF	21,921	$6.544M	2.8%	$66.92	—	ETF	464287200
XLV	Health Care Select S ector SPDR Fund	67,016	$6.04M	2.6%	$92.27	—	ETF	81369Y209
XLI	Industrial Select Se ctor SPDR Fund	65,138	$5.057M	2.2%	$75.30	—	ETF	81369Y704
IJH	iShares Core S&P Mid -Cap ETF	25,914	$5.007M	2.2%	$194.25	—	ETF	464287507
VOX	Vanguard Communication Servic	51,579	$4.472M	1.9%	$86.70	—	COM	92204A884
JNK	SPDR Bloomberg Barcl ays High Yield Bond	38,190	$4.153M	1.8%	$108.94	—	ETF	78468R622
IWM	iShares Russell 2000 ETF	24,363	$3.687M	1.6%	$155.49	—	ETF	464287655
XLE	Energy Select Sector SPDR Fund	55,014	$3.257M	1.4%	$65.98	—	ETF	81369Y506
QQQ	Invesco QQQ Trust Se ries 1	17,085	$3.226M	1.4%	$188.82	—	COM	46090E103
IYR	iShares U.S. Real Es tate ETF	34,461	$3.221M	1.4%	$93.47	—	ETF	464287739
VFH	Vanguard Financials ETF	46,002	$3.22M	1.4%	$70.00	—	ETF	92204A405
VGT	Vanguard Information Technology ETF	14,935	$3.219M	1.4%	$215.53	—	ETF	92204A702
XLC	Communication Servic es Select Sector SPD	64,881	$3.213M	1.4%	$46.77	—	ETF	81369Y852
PAYC	Paycom Software Inc	14,650	$3.069M	1.3%	$101.84	+124.9%	COM	70432V102
ADBE	Adobe Systems Inc	10,989	$3.035M	1.3%	$242.60	+20.3%	COM	00724F101
XRT	SPDR S&P Retail ETF	68,081	$2.889M	1.2%	$42.43	—	ETF	78464A714
SHY	iShares 1-3 Year Tre asury Bond ETF	32,264	$2.736M	1.2%	$83.62	—	ETF	464287457
LULU	Lululemon Athletica Inc	13,800	$2.657M	1.1%	$130.70	+43.0%	COM	550021109
ABR	Arbor Realty Trust I nc	198,528	$2.603M	1.1%	$9.76	—	COM	038923108
CMG	Chipotle Mexican Gri ll Inc	3,000	$2.521M	1.1%	$14.10	+13.1%	COM	169656105
FTNT	Fortinet Inc	32,450	$2.491M	1.1%	$14.67	+10.6%	COM	34959E109
QSR	RESTAURANT BRAND INT	35,000	$2.49M	1.1%	$66.96	+10.1%	COM	76131D103
MCHI	ISHARES MSCI CHINA ETF	41,987	$2.355M	1.0%	$61.28	—	ETF	46429B671
—	CyberArk Software Lt d	22,756	$2.272M	1.0%	$113.77	—	COM	M2682V108
NOW	ServiceNow Inc	8,900	$2.259M	1.0%	$37.82	+43.8%	COM	81762P102
MA	Mastercard Inc	8,100	$2.2M	0.9%	$194.90	+36.5%	COM	57636Q104
ZTS	Zoetis Inc	17,208	$2.144M	0.9%	$75.94	+50.9%	COM	98978V103
CDNS	Cadence Design Syste ms Inc	32,100	$2.121M	0.9%	$60.76	+15.8%	COM	127387108
CSWC	Capital Southwest Corp	97,200	$2.119M	0.9%	$8.74	+12.1%	COM	140501107
TUR	iShares MSCI Turkey ETF	78,488	$2.097M	0.9%	$26.72	—	ETF	464286715
COST	Costco Wholesale Cor p	7,200	$2.074M	0.9%	$226.60	+13.1%	COM	22160K105
SPY	SPDR S&P 500 ETF Tru st	6,799	$2.018M	0.9%	$296.81	—	ETF	78462F103
OLED	Universal Display Co rp	11,900	$1.998M	0.9%	$183.32	+3.8%	COM	91347P105
FSS	Federal Signal Corp	60,700	$1.987M	0.9%	$20.94	+34.9%	COM	313855108
EWZ	iShares MSCI Brazil ETF	45,267	$1.908M	0.8%	$42.15	—	ETF	464286400
VEEV	Veeva Systems Inc	11,800	$1.802M	0.8%	$95.35	+68.2%	COM	922475108
PGR	Progressive Corp/The	20,900	$1.615M	0.7%	$56.16	+15.1%	COM	743315103
UI	Ubiquiti Inc	13,400	$1.585M	0.7%	$120.85	0.0%	COM	90353W103
AUDC	AudioCodes Ltd	83,699	$1.583M	0.7%	$9.97	+53.6%	COM	M15342104
—	Xilinx Inc	14,900	$1.429M	0.6%	$121.25	—	COM	983919101
AMZN	Amazon.com Inc	800	$1.389M	0.6%	$89.26	+3.9%	COM	023135106
NICE	Nice Ltd	9,400	$1.352M	0.6%	$107.06	—	COM	653656108
ROST	Ross Stores Inc	12,200	$1.34M	0.6%	$84.82	+16.8%	COM	778296103
HEI	HEICO Corp	10,625	$1.327M	0.6%	$72.64	+88.2%	COM	422806109
—	Twitter Inc	30,000	$1.236M	0.5%	$33.25	—	COM	90184L102
QLYS	Qualys Inc	15,700	$1.186M	0.5%	$80.89	+3.0%	COM	74758T303
—	Mellanox Technologie s Ltd	10,200	$1.118M	0.5%	$87.54	—	COM	M51363113
SUI	SUN COMMUNITIES	6,900	$1.024M	0.4%	$128.26	—	COM	866674104
AZO	AutoZone Inc	900	$976K	0.4%	$897.60	+24.9%	COM	053332102
EVTC	EVERTEC Inc	30,300	$946K	0.4%	$26.14	+23.9%	COM	30040P103
APPF	Appfolio Inc	9,600	$913K	0.4%	$44.76	+122.2%	COM	03783C100
—	Sapiens I'ntl Corporation N.V.	46,300	$909K	0.4%	$15.92	—	COM	G7T16G103
KEYS	Keysight Technologie s Inc	9,200	$895K	0.4%	$77.62	+19.4%	COM	49338L103
DRI	Darden Restaurants I nc	7,000	$828K	0.4%	$99.00	+3.3%	COM	237194105
MEDP	Medpace Holdings Inc	9,700	$815K	0.4%	$65.55	+15.3%	COM	58506Q109
BOOM	DMC Global Inc.	18,200	$800K	0.3%	$65.61	-24.2%	COM	23291C103
FOXF	Fox Factory Holding Corp	12,000	$747K	0.3%	$69.16	+7.4%	COM	35138V102
CPRT	Copart Inc	9,300	$747K	0.3%	$9.73	+99.4%	COM	217204106
NMIH	NMI Holdings Inc	27,900	$733K	0.3%	$11.58	+136.0%	COM	629209305
DCO	DUCOMMUN INC	16,410	$696K	0.3%	$44.85	-3.8%	COM	264147109
TDG	TransDigm Group Inc	1,300	$677K	0.3%	$392.06	0.0%	COM	893641100
—	Match Group Inc	9,400	$672K	0.3%	$57.91	—	COM	57665R106
KRNT	KORNIT DIGITAL LMTD	21,300	$656K	0.3%	$21.26	+40.2%	COM	M6372Q113
GLOB	Globant SA	6,900	$632K	0.3%	$67.26	+47.7%	COM	L44385109
NEWT	NEWTEK BUSINESS SVSC COPRT	28,000	$632K	0.3%	$22.18	0.0%	COM	652526203
WWD	Woodward Inc	5,800	$625K	0.3%	$105.57	0.0%	COM	980745103
CIEN	Ciena Corp	15,400	$604K	0.3%	$38.48	+8.9%	COM	171779309
VRSK	Verisk Analytics Inc	3,800	$601K	0.3%	$111.20	+33.9%	COM	92345Y106
EEFT	Euronet Worldwide In c	4,100	$600K	0.3%	$154.79	0.0%	COM	298736109
PAYS	Paysign Inc	55,700	$563K	0.2%	$13.32	0.0%	COM	70451A104
—	Atlassian Corp PLC	4,400	$552K	0.2%	$96.14	—	COM	G06242104
DXCM	DEXCOM INC COM	3,500	$522K	0.2%	$31.72	+22.5%	COM	252131107
BAH	Booz Allen Hamilton Holding Corp	7,100	$504K	0.2%	$54.42	+15.7%	COM	099502106
IIPR	Innovative Industria l Properties Inc	5,400	$499K	0.2%	$123.52	—	COM	45781V101
VRSN	VeriSign Inc	2,600	$490K	0.2%	$170.07	+19.8%	COM	92343E102
PARR	Par Pacific Holdings	20,500	$469K	0.2%	$22.13	0.0%	COM	69888T207
RNR	RenaissanceRe Holdings Ltd	2,400	$464K	0.2%	$186.12	0.0%	COM	G7496G103
FICO	Fair Isaac Corp	1,500	$455K	0.2%	$290.07	+16.8%	COM	303250104
LAMR	LAMAR ADVERTISING	5,500	$451K	0.2%	$80.73	—	COM	512816109
QNST	QuinStreet Inc	35,600	$448K	0.2%	$15.50	-12.0%	COM	74874Q100
CCEP	COCA COLA EUROPEAN P	8,000	$444K	0.2%	$46.31	0.0%	COM	G25839104
—	AZUL S.A.	12,000	$430K	0.2%	$35.83	—	COM	05501U106
—	Biospecifics Technol gies Corp.	7,800	$417K	0.2%	$61.30	—	COM	090931106
SBUX	Starbucks Corp	4,494	$397K	0.2%	$70.00	+15.2%	COM	855244109
ETSY	Etsy Inc	7,000	$396K	0.2%	$65.28	-9.9%	COM	29786A106
MSFT	Microsoft Corp	2,813	$391K	0.2%	$115.32	+12.7%	COM	594918104
—	Jernigan Capital, Inc.	20,000	$385K	0.2%	$19.80	—	COM	476405105
—	GREAT AJAX CORP	24,706	$383K	0.2%	$15.50	—	COM	38983D300
RGEN	Repligen Corp	5,000	$383K	0.2%	$68.16	+28.3%	COM	759916109
V	Visa Inc	2,133	$367K	0.2%	$154.05	+10.6%	COM	92826C839
WIX	WIX.com, Ltd.	3,100	$362K	0.2%	$108.62	+28.0%	COM	M98068105
NKE	NIKE Inc	3,724	$350K	0.2%	$77.07	+2.2%	COM	654106103
META	Facebook Inc	1,925	$343K	0.1%	$173.33	+8.9%	COM	30303M102
ORLY	O'Reilly Automotive Inc	859	$342K	0.1%	$24.31	+6.2%	COM	67103H107
ADP	Automatic Data Proce ssing Inc	2,087	$337K	0.1%	$134.75	+6.8%	COM	053015103
GOOG	Alphabet Inc	275	$335K	0.1%	$58.01	+1.2%	COM	02079K107
ACGL	ARCH CAPITAL GROUP	7,400	$311K	0.1%	$32.43	+15.6%	COM	G0450A105
KNSL	Kinsale Capital Grou p Inc	2,900	$300K	0.1%	$78.80	+20.2%	COM	49714P108
FNKO	FUNKO INC CLASS A	14,500	$298K	0.1%	$23.13	0.0%	COM	361008105
PFSI	PennyMac Financial S ervices Inc	9,300	$283K	0.1%	$24.87	0.0%	COM	70932M107
SLP	SIMULATIONS PLUS INC	8,100	$281K	0.1%	$34.28	0.0%	COM	829214105
UFPT	UFP Technologies Inc	7,000	$271K	0.1%	$34.21	+20.2%	COM	902673102
—	LHC Group Inc	2,300	$261K	0.1%	$119.57	—	COM	50187A107
NOA	NORTH AMERICAN CONST	21,500	$248K	0.1%	$11.45	0.0%	COM	656811106
NSSC	Napco Security Techn ologies Inc	8,700	$222K	0.1%	$12.80	+6.3%	COM	630402105
VOC	Voc Energy Trust	16,379	$87,000	0.0%	$5.68	—	COM	91829B103
—	Iec Electronics Corp	2,652	$18,000	0.0%	$6.41	—	COM	44949L105