Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BWX	SPDR Bloomberg Barclays Intern	1,662,546	$46.7M	4.7%	$40.56	—	BLOMBRG INTL TR	78464A516
FLOT	iShares Floating Rate Bond ETF	642,309	$32.72M	3.3%	$50.94	—	FLTG RATE BD ETF	46429B655
IGOV	iShares International Treasury	457,054	$22.51M	2.3%	$76.41	—	INTL TREA BD ETF	464288117
—	CurrencyShares Japanese Yen Tr	254,607	$21.74M	2.2%	$85.33	—	JAPANESE YEN	23130A102
—	Lam Research Corp.	106,241	$19.66M	2.0%	$84.86	—	COM	512807108
IEMG	iShares Core MSCI Emerging Mar	314,753	$17M	1.7%	$47.19	—	CORE MSCI EMKT	46434G103
AMAT	Applied Materials Inc.	317,423	$16.54M	1.7%	$20.18	+104.0%	COM	038222105
—	Activision Blizzard Inc.	230,745	$14.88M	1.5%	$34.57	—	COM	00507V109
EA	Electronic Arts Inc.	120,431	$14.22M	1.4%	$62.85	+79.2%	COM	285512109
TER	Teradyne Inc.	363,851	$13.57M	1.4%	$18.63	+77.7%	COM	880770102
LUV	Southwest Airlines Co.	194,193	$10.87M	1.1%	$16.00	+216.3%	COM	844741108
JBL	Jabil Inc.	368,617	$10.52M	1.1%	$17.11	+67.2%	COM	466313103
V	Visa Inc.	99,743	$10.5M	1.1%	$58.91	+62.5%	CL A	92826C839
UNH	UnitedHealth Group Inc.	53,095	$10.4M	1.1%	$62.16	+171.8%	COM	91324P102
—	ProShares Trust Short S&P500	320,549	$10.31M	1.0%	$32.17	—	SHORT S&P 500 NE	74347B425
EMB	iShares JPMorgan USD Emerging	86,912	$10.12M	1.0%	$114.27	—	JP MOR EM MK ETF	464288281
CNC	Centene Corp.	104,503	$10.11M	1.0%	$30.72	+40.1%	COM	15135B101
DHI	D.R. Horton Inc.	252,545	$10.08M	1.0%	$30.39	+9.4%	COM	23331A109
MA	Mastercard Inc. Cl A	70,339	$9.932M	1.0%	$73.34	+72.3%	CL A	57636Q104
DAL	Delta Air Lines Inc.	203,870	$9.831M	1.0%	$15.34	+195.3%	COM NEW	247361702
ELV	Anthem Inc	51,043	$9.692M	1.0%	$116.48	+46.3%	COM	036752103
—	Aetna Inc.	58,538	$9.308M	0.9%	$79.10	—	COM	00817Y108
CCL	Carnival Corp.	138,052	$8.914M	0.9%	$51.34	+18.6%	UNIT 99/99/9999	143658300
ARW	Arrow Electronics Inc.	109,755	$8.825M	0.9%	$56.49	+39.8%	COM	042735100
PHM	PulteGroup Inc.	322,157	$8.805M	0.9%	$21.17	+8.8%	COM	745867101
ACN	Accenture PLC	61,301	$8.28M	0.8%	$75.73	+51.4%	SHS CL A	G1151C101
FISV	Fiserv Inc.	64,151	$8.273M	0.8%	$29.31	+111.9%	COM	337738108
—	Raytheon Co.	44,319	$8.269M	0.8%	$84.52	—	COM	755111507
FLEX	Flextronics International Ltd.	496,325	$8.224M	0.8%	$9.32	+32.3%	ORD	Y2573F102
NOC	Northrop Grumman Corp.	28,501	$8.2M	0.8%	$92.17	+154.9%	COM	666807102
ABBV	AbbVie Inc.	91,178	$8.102M	0.8%	$43.92	+22.2%	COM	00287Y109
LEA	Lear Corp.	46,013	$7.964M	0.8%	$84.01	+52.6%	COM NEW	521865204
MKSI	MKS Instruments Inc.	83,679	$7.903M	0.8%	$35.80	+113.8%	COM	55306N104
MBB	iShares MBS ETF	72,853	$7.803M	0.8%	$106.02	—	MBS ETF	464288588
HUM	Humana Inc.	31,719	$7.728M	0.8%	$111.34	+105.1%	COM	444859102
—	Tech Data Corp.	86,261	$7.664M	0.8%	$65.55	—	COM	878237106
RCL	Royal Caribbean Cruises Ltd	62,738	$7.437M	0.8%	$87.76	+22.5%	COM	V7780T103
AAL	American Airlines Group Inc.	155,846	$7.401M	0.7%	$22.74	+106.7%	COM	02376R102
GM	General Motors Co.	182,265	$7.36M	0.7%	$31.04	+1.7%	COM	37045V100
RWM	ProShares Short Russell2000	167,839	$7.333M	0.7%	$43.69	—	SHRT RUSSELL2000	74348A210
TOL	Toll Brothers Inc.	176,228	$7.308M	0.7%	$37.32	+5.4%	COM	889478103
—	Fiat Chrysler Automobiles N.V.	403,662	$7.23M	0.7%	$16.61	—	SHS CL A	N31738102
PRU	Prudential Financial Inc.	67,926	$7.222M	0.7%	$62.61	+15.1%	COM	744320102
F	Ford Motor Company	586,852	$7.025M	0.7%	$7.36	-1.5%	COM PAR $0.01	345370860
—	Hawaiian Holdings Inc.	185,642	$6.971M	0.7%	$18.04	—	COM	419879101
—	Wyndham Worldwide Corp.	66,117	$6.969M	0.7%	$88.04	—	COM	98310W108
CSX	CSX Corp.	127,493	$6.918M	0.7%	$9.24	+65.7%	COM	126408103
MGA	Magna International Inc.	128,956	$6.884M	0.7%	$32.06	+17.1%	COM	559222401
VMBS	Vanguard Mortgage-Backed Secur	128,354	$6.775M	0.7%	$51.65	—	MORTG-BACK SEC	92206C771
IBM	International Business Machine	46,453	$6.739M	0.7%	$106.84	-9.3%	COM	459200101
BWA	Borgwarner Inc Com	127,951	$6.555M	0.7%	$25.92	+38.3%	COM	099724106
—	Cigna Corporation	34,583	$6.465M	0.7%	$95.84	—	COM	125509109
AMGN	Amgen Inc.	33,954	$6.331M	0.6%	$127.72	+7.7%	COM	031162100
UNM	Unum Group	122,158	$6.246M	0.6%	$40.19	+21.4%	COM	91529Y106
BIIB	Biogen Inc.	18,971	$5.94M	0.6%	$296.18	-0.0%	COM	09062X103
GILD	Gilead Sciences Inc.	71,887	$5.824M	0.6%	$57.78	-3.2%	COM	375558103
HMC	Honda Motor Co. Ltd. (ADS)	195,939	$5.792M	0.6%	$29.56	—	AMERN SHS	438128308
TM	Toyota Motor Corp. ADS	48,193	$5.743M	0.6%	$119.17	—	SP ADR REP2COM	892331307
—	CalAtlantic Group Inc.	155,924	$5.711M	0.6%	$35.60	—	COM	128195104
AVT	Avnet Inc.	143,989	$5.659M	0.6%	$34.29	-8.5%	COM	053807103
SANM	Sanmina-SCI Corporation	151,196	$5.617M	0.6%	$25.35	+47.2%	COM	801056102
AFL	AFLAC Inc.	68,617	$5.585M	0.6%	$28.46	+16.4%	COM	001055102
LNC	Lincoln National Corp.	75,971	$5.582M	0.6%	$41.05	+21.7%	COM	534187109
NSC	Norfolk Southern Corp.	41,284	$5.459M	0.6%	$83.65	+22.8%	COM	655844108
KLAC	KLA-Tencor Corp.	50,174	$5.318M	0.5%	$86.97	-3.8%	COM	482480100
AMP	Ameriprise Financial Inc.	35,342	$5.249M	0.5%	$88.02	+34.8%	COM	03076C106
—	L-3 Technologies Inc.	27,561	$5.193M	0.5%	$152.12	—	COM	502413107
—	SPDR Bloomberg Barclays 1-3 Mo	112,391	$5.142M	0.5%	$45.70	—	BLMBRG BR 1 3 MT	78464A680
PFG	Principal Financial Grp Inc	79,798	$5.134M	0.5%	$39.76	+17.3%	COM	74251V102
MFC	Manulife Financial Corp.	251,427	$5.101M	0.5%	$16.29	+22.0%	COM	56501R106
—	Spirit AeroSystems Holdings, I	63,790	$4.958M	0.5%	$43.00	—	COM CL A	848574109
TGT	Target Corp.	83,795	$4.945M	0.5%	$44.13	0.0%	COM	87612E106
CNI	Canadian National Railway Co.	59,258	$4.91M	0.5%	$55.82	+24.3%	COM	136375102
SEDG	SolarEdge Technologies, Inc.	170,771	$4.876M	0.5%	$22.53	+11.9%	COM	83417M104
—	T. Rowe Price Group Inc.	52,770	$4.784M	0.5%	$75.26	—	COM	74144t108
UNP	Union Pacific Corp.	40,625	$4.711M	0.5%	$80.32	+11.0%	COM	907818108
STT	State Street Corporation	49,034	$4.685M	0.5%	$57.54	+25.4%	COM	857477103
—	Kansas City Southern	42,815	$4.653M	0.5%	$84.85	—	COM NEW	485170302
EVR	Evercore Inc. (Cl A)	57,376	$4.604M	0.5%	$60.28	+3.9%	CLASS A	29977A105
BK	Bank of New York Mellon Corp.	85,959	$4.558M	0.5%	$35.50	+17.8%	COM	064058100
MTH	Meritage Homes Corp.	101,641	$4.513M	0.5%	$19.84	+5.3%	COM	59001A102
—	ILG, Inc.	168,692	$4.509M	0.5%	$20.96	—	COM	44967H101
BEN	Franklin Resources	99,891	$4.446M	0.4%	$23.47	+18.7%	COM	354613101
ALK	Alaska Air Group Inc.	58,238	$4.442M	0.4%	$37.11	+108.8%	COM	011659109
KB	KB Financial Group Inc.	90,553	$4.44M	0.4%	$34.21	—	SPONSORED ADR	48241A105
BAP	Credicorp Ltd.	21,515	$4.411M	0.4%	$124.23	+27.3%	COM	G2519Y108
TSM	Taiwan Semiconductor Manufactu	117,259	$4.403M	0.4%	$34.15	—	SPONSORED ADR	874039100
BBD	Banco Bradesco S.A.	396,380	$4.388M	0.4%	$9.12	—	SP ADR PFD NEW	059460303
—	CIT Group Inc.	88,072	$4.32M	0.4%	$42.68	—	COM NEW	125581801
CNO	CNO Financial Group Inc.	181,158	$4.228M	0.4%	$14.06	+31.6%	COM	12621E103
MET	MetLife Inc.	80,947	$4.205M	0.4%	$33.72	+8.6%	COM	59156R108
GD	General Dynamics Corp.	20,448	$4.204M	0.4%	$113.06	+47.2%	COM	369550108
ITUB	Itau Unibanco Holding S/A ADS	306,605	$4.201M	0.4%	$10.80	—	SPON ADR REP PFD	465562106
VAC	Marriott Vacations Worldwide C	33,437	$4.164M	0.4%	$89.84	+28.1%	COM	57164Y107
—	DST Systems Inc.	75,686	$4.154M	0.4%	$75.16	—	COM	233326107
NCLH	Norwegian Cruise Line Holdings	76,295	$4.124M	0.4%	$48.52	+15.3%	SHS	G66721104
TXT	Textron Inc.	76,481	$4.121M	0.4%	$37.55	+30.8%	COM	883203101
IVZ	INVESCO Ltd.	116,576	$4.085M	0.4%	$20.18	+14.0%	COM	G491BT108
—	M.D.C. Holdings Inc.	122,215	$4.059M	0.4%	$35.33	—	COM	552676108
JBLU	JetBlue Airways Corp.	218,782	$4.054M	0.4%	$8.82	+137.6%	COM	477143101
CFG	Citizens Financial Group, Inc.	107,043	$4.054M	0.4%	$25.79	-3.3%	COM	174610105
C	Citigroup Inc.	54,885	$3.992M	0.4%	$44.67	+16.2%	COM NEW	172967424
RF	Regions Financial Corp. (New)	260,579	$3.969M	0.4%	$10.38	+0.5%	COM	7591EP100
—	SunTrust Banks Inc.	66,388	$3.968M	0.4%	$55.24	—	COM	867914103
MAN	ManpowerGroup Inc.	33,149	$3.906M	0.4%	$103.25	+8.4%	COM	56418H100
—	BB&T Corp.	82,479	$3.872M	0.4%	$44.99	—	COM	054937107
MS	Morgan Stanley	80,286	$3.867M	0.4%	$34.21	+6.0%	COM NEW	617446448
BHE	Benchmark Electronics Inc.	112,815	$3.853M	0.4%	$17.35	+57.2%	COM	08160H101
CTSH	Cognizant Technology Solutions	52,621	$3.817M	0.4%	$40.34	+54.9%	COM	192446102
FITB	Fifth Third Bancorp	136,187	$3.811M	0.4%	$17.29	+12.4%	COM	316773100
CPS	Cooper-Standard Holdings Inc.	32,791	$3.803M	0.4%	$82.41	+25.9%	COM	21676P103
TMHC	Taylor Morrison Home Corp. Cla	171,906	$3.791M	0.4%	$23.04	-4.1%	CL A	87724P106
MEI	Methode Electronics, Inc.	85,661	$3.628M	0.4%	$24.05	+36.8%	COM	591520200
—	Cooper Tire & Rubber Co.	96,674	$3.616M	0.4%	$30.02	—	COM	216831107
INTC	Intel Corp.	93,944	$3.577M	0.4%	$28.62	+3.4%	COM	458140100
GLW	Corning Inc.	115,988	$3.47M	0.4%	$22.24	+6.0%	COM	219350105
—	BanColombia S.A. ADS	75,649	$3.464M	0.3%	$39.04	—	SPON ADR PREF	05968L102
—	Umpqua Holdings Corp.	174,628	$3.407M	0.3%	$17.74	—	COM	904214103
DOX	Amdocs Ltd.	52,920	$3.404M	0.3%	$32.43	+68.6%	COM	G02602103
NAVI	Navient Corp	219,978	$3.304M	0.3%	$15.55	-6.2%	COM	63938C108
GNTX	Gentex Corp	164,994	$3.267M	0.3%	$17.28	+5.2%	COM	371901109
CACI	CACI International Inc. (Cl A)	23,221	$3.236M	0.3%	$82.33	+56.8%	CL A	127190304
KLIC	Kulicke & Soffa Industries, In	150,023	$3.236M	0.3%	$18.37	-4.8%	COM	501242101
SAIC	Science Applications Internati	48,012	$3.21M	0.3%	$49.37	+40.6%	COM	808625107
BWZ	SPDR Bloomberg Barclays Short	100,082	$3.201M	0.3%	$33.20	—	BROMBERG BRC INT	78464A334
SLF	Sun Life Financial, Inc.	80,187	$3.193M	0.3%	$36.23	+5.3%	COM	866796105
—	IBERIABANK Corp.	38,803	$3.188M	0.3%	$79.76	—	COM	450828108
DCH	American Axle & Manufacturing	179,033	$3.147M	0.3%	$16.03	-4.1%	COM	024061103
—	Tenneco Inc.	51,730	$3.138M	0.3%	$46.61	—	COM	880349105
—	TCF Financial Corp.	182,076	$3.103M	0.3%	$19.59	—	COM	872275102
GGAL	Grupo Financiero Galicia SA Sp	60,168	$3.101M	0.3%	$31.12	—	SH ADR 10 SH B	399909100
FHI	Federated Investors Inc.	102,736	$3.051M	0.3%	$18.35	+5.9%	CL B	314211103
—	Genesee & Wyoming Inc. Cl A	40,956	$3.031M	0.3%	$69.42	—	CL A	371559105
PLXS	Plexus Corp.	52,649	$2.953M	0.3%	$42.14	+24.9%	COM	729132100
VCLT	Vanguard Long Term Corporate B	31,215	$2.94M	0.3%	$84.18	—	LG-TRM COR BD	92206C813
BMA	Banco Macro SA Sponsored ADR C	23,622	$2.772M	0.3%	$78.27	—	SPON ADR B	05961W105
CRUS	Cirrus Logic Inc.	49,993	$2.666M	0.3%	$63.20	-7.4%	COM	172755100
CVSA	Adtalem Global Education Inc.	72,884	$2.613M	0.3%	$37.28	-8.4%	COM	00737L103
—	CGI Group Inc. Class A	49,536	$2.569M	0.3%	$37.27	—	CL A SUB VTG	39945c109
MHO	M/I Homes Inc Com	95,680	$2.558M	0.3%	$27.19	-4.7%	COM	55305B101
—	Convergys Corp.	96,338	$2.494M	0.3%	$20.85	—	COM	212485106
WRLD	World Acceptance Corp.	29,187	$2.419M	0.2%	$56.03	+37.6%	COM	981419104
IEI	iShares 3-7 Year Treasury Bond	19,094	$2.358M	0.2%	$124.37	—	3-7 YR TR BD ETF	464288661
QCOM	QUALCOMM Inc.	45,308	$2.349M	0.2%	$46.91	-9.8%	COM	747525103
BABA	Alibaba Group Holding Ltd. Spo	12,949	$2.236M	0.2%	$115.58	—	SPONSORED ADR	01609W102
IGIB	iShares Intermediate Credit Bo	20,046	$2.208M	0.2%	$110.35	—	INTERM CR BD ETF	464288638
WU	Western Union Co.	108,365	$2.081M	0.2%	$17.68	—	COM	959802109
—	Bed Bath & Beyond Inc.	84,305	$1.979M	0.2%	$30.40	—	COM	075896100
—	iShares MSCI Russia Capped ETF	57,395	$1.93M	0.2%	$33.58	—	MSCI RUS ETF NEW	46434G798
LQD	iShares iBoxx $ Investment Gra	14,943	$1.812M	0.2%	$116.13	—	IBOXX INV CP ETF	464287242
FBP	First Bancorp Puerto Rico	305,189	$1.563M	0.2%	$5.18	-10.2%	COM NEW	318672706
LYB	LyondellBasell Industries N.V.	14,508	$1.437M	0.1%	$49.75	+9.6%	SHS - A -	N53745100
IBND	SPDR Barclays International Co	40,787	$1.409M	0.1%	$34.55	—	BLOMBRG BRC INTL	78464A151
MU	Micron Technology Inc.	35,192	$1.384M	0.1%	$30.85	0.0%	COM	595112103
IEF	iShares 7-10 Year Treasury Bon	12,891	$1.373M	0.1%	$106.51	—	BARCLAYS 7 10 YR	464287440
—	China Mobile Ltd. ADS	19,613	$992K	0.1%	$58.81	—	SPONSORED ADR	16941M109
GS	Goldman Sachs Group Inc.	4,088	$970K	0.1%	$200.04	-6.0%	COM	38141G104
EBAY	eBay Inc.	25,019	$962K	0.1%	$26.87	+20.4%	COM	278642103
—	Magellan Health Inc.	11,030	$952K	0.1%	$86.31	—	COM NEW	559079207
LPX	Louisiana-Pacific Corp.	34,814	$943K	0.1%	$22.99	+10.9%	COM	546347105
SMIN	iShares MSCI India Small Cap E	19,778	$904K	0.1%	$34.69	—	MSCI INDIA SM CAP	46429B614
BAC	Bank of America Corp.	34,643	$878K	0.1%	$19.96	0.0%	COM	060505104
UAL	United Continental Holdings In	14,192	$864K	0.1%	$63.59	+4.8%	COM	910047109
GOOGL	Alphabet Inc. Cl A	878	$855K	0.1%	$38.82	+21.3%	CAP STK CL A	02079K305
—	Tata Motors Ltd. ADS	26,796	$838K	0.1%	$26.89	—	SPONSORED ADR	876568502
AMKR	Amkor Technology Inc.	77,643	$819K	0.1%	$10.55	-15.4%	COM	031652100
GT	Goodyear Tire & Rubber Co.	24,331	$809K	0.1%	$28.31	+14.8%	COM	382550101
—	VanEck Vectors Russia ETF	35,810	$798K	0.1%	$18.77	—	RUSSIA ETF	92189F403
ON	ON Semiconductor Corp.	41,819	$772K	0.1%	$16.09	0.0%	COM	682189105
TPH	TRI Pointe Group Inc	55,467	$766K	0.1%	$12.47	+6.6%	COM	87265H109
—	Lazard Ltd.	16,472	$745K	0.1%	$41.09	—	SHS A	G54050102
STM	STMicroelectronics N.V.	37,210	$723K	0.1%	$19.43	—	NY REGISTRY	861012102
—	BGC Partners, Inc. Class A	45,434	$657K	0.1%	$10.23	—	CL A	05541T101
—	Trinseo SA	9,666	$649K	0.1%	$59.30	—	SHS	L9340P101
—	Domtar Corp.	14,030	$609K	0.1%	$36.55	—	COM	257559203
SKYW	Skywest Inc Com	13,085	$574K	0.1%	$35.67	+4.6%	COM	830879102
AKAM	Akamai Technologies Inc.	11,542	$562K	0.1%	$53.52	-10.6%	COM	00971T101
SAN	Banco Santander S.A. ADS	78,426	$544K	0.1%	$6.94	—	ADR	05964H105
—	Fibria Celulose S.A. (ADS)	38,089	$516K	0.1%	$9.14	—	SP ADR REP COM	31573A109
—	Realogy Holdings Corp.	15,559	$513K	0.1%	$32.97	—	COM	75605Y106
UAE	iShares MSCI UAE Capped ETF	28,931	$502K	0.1%	$16.99	—	MSCI UAE ETF	46434V761
ZD	j2 Global, Inc.	6,732	$497K	0.1%	$58.21	+16.3%	COM	48123V102
IEFA	iShares Core MSCI EAFE ETF	7,551	$485K	0.0%	$58.52	—	CORE MSCI EAFE	46432F842
WOR	Worthington Industries Inc.	9,943	$457K	0.0%	$26.71	+16.5%	COM	981811102
BAK	Braskem S/A (ADS)	16,435	$439K	0.0%	$14.06	—	SP ADR PFD A	105532105
RS	Reliance Steel & Aluminum Co.	5,390	$411K	0.0%	$75.00	-2.6%	COM	759509102
NTES	NetEase, Inc. ADR	1,420	$375K	0.0%	$300.70	—	SPONSORED ADR	64110W102
—	Global X MSCI Pakistan ETF	23,381	$339K	0.0%	$14.50	—	MSCI PAKISTAN	37950E689
SBS	Companhia de Saneamento Basico	27,223	$285K	0.0%	$6.98	—	SPONSORED ADR	20441A102
—	Morgan Stanley China A Share F	11,400	$272K	0.0%	$22.37	—	COM	617468103
TLK	Telekomunikasi Indonesia ADS	7,313	$251K	0.0%	$47.44	—	COM	715684106
—	Celestica Inc	10,695	$132K	0.0%	$9.34	—	SUB VTG SHS	15101Q108
—	AU Optronics Corp. ADS	29,766	$120K	0.0%	$3.51	—	SPONSORED ADR	002255107
GNW	Genworth Financial Inc. Cl A	24,104	$93,000	0.0%	$4.39	-18.7%	CL A	37247D106