Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UAL	UNITED CONTL HLDGS INC	98,403	$8.615M	4.4%	$65.65	+28.9%	COM	910047109
LUV	SOUTHWEST AIRLS CO	167,607	$8.511M	4.4%	$44.32	+7.3%	COM	844741108
DAL	DELTA AIR LINES INC DEL	148,529	$8.429M	4.4%	$43.91	+21.4%	COM NEW	247361702
AAL	AMERICAN AIRLS GROUP INC	257,309	$8.391M	4.3%	$38.19	-16.4%	COM	02376R102
WPM	WHEATON PRECIOUS METALS CORP	255,375	$6.175M	3.2%	$19.25	+6.7%	COM	962879102
—	DIREXION SHS ETF TR	210,000	$5.761M	3.0%	$22.42	—	DLY GOLD INDX 3X	25460E844
—	DIREXION SHS ETF TR	85,780	$5.143M	2.7%	$59.96	—	DAILY JR GLD MIN ADDED	25460E166
BA	BOEING CO	10,749	$3.913M	2.0%	$235.79	+51.5%	COM	097023105
—	SANDSTORM GOLD LTD	682,000	$3.778M	2.0%	$4.50	—	COM NEW	80013R206
—	MAVERIX METALS INC	760,250	$3.35M	1.7%	$4.41	—	COM NEW	57776F405
—	ANGLOGOLD ASHANTI LTD	181,500	$3.233M	1.7%	$17.81	—	SPONSORED ADR	035128206
ALK	ALASKA AIR GROUP INC	44,832	$2.865M	1.5%	$65.85	-9.4%	COM	011659109
SKYW	SKYWEST INC	45,753	$2.776M	1.4%	$29.44	+101.2%	COM	830879102
—	SILVERCREST METALS INC	700,000	$2.769M	1.4%	$2.43	—	COM	828363101
ALGT	ALLEGIANT TRAVEL CO	19,185	$2.753M	1.4%	$131.52	+1.1%	COM	01748X102
SSRM	SSR MNG INC	200,000	$2.734M	1.4%	$10.38	+14.9%	COM	784730103
JBLU	JETBLUE AWYS CORP	142,429	$2.634M	1.4%	$21.04	-15.0%	COM	477143101
—	SPIRIT AIRLS INC	54,603	$2.606M	1.3%	$41.55	—	COM	848577102
—	KIRKLAND LAKE GOLD LTD	53,665	$2.304M	1.2%	$27.47	—	COM	49741E100
MSCI	MSCI INC	9,619	$2.297M	1.2%	$178.86	+17.3%	COM	55354G100
—	GOLDEN STAR RES LTD CDA	550,000	$2.217M	1.1%	$3.15	—	COM	38119T807
GD	GENERAL DYNAMICS CORP	12,060	$2.193M	1.1%	$138.45	+6.7%	COM	369550108
—	HAWAIIAN HOLDINGS INC	77,621	$2.129M	1.1%	$35.54	—	COM	419879101
AGI	ALAMOS GOLD INC NEW	350,000	$2.118M	1.1%	$5.18	-9.2%	COM CL A	011532108
HMY	HARMONY GOLD MNG LTD	861,512	$1.955M	1.0%	$1.85	—	SPON ADR	413216300
GFI	GOLD FIELDS LTD NEW	352,297	$1.906M	1.0%	$3.72	—	SPONSORED ADR	38059T106
RGLD	ROYAL GOLD INC	18,546	$1.901M	1.0%	$86.53	+4.1%	COM	780287108
FNV	FRANCO NEVADA CORP	22,310	$1.894M	1.0%	$69.64	+2.0%	COM	351858105
KLAC	KLA-TENCOR CORP	15,364	$1.816M	0.9%	$106.14	0.0%	COM	482480100
—	MESA AIR GROUP INC	198,266	$1.812M	0.9%	$9.14	—	COM NEW	590479135
AEM	AGNICO EAGLE MINES LTD	35,000	$1.793M	0.9%	$32.80	+14.8%	COM	008474108
FICO	FAIR ISAAC CORP	5,431	$1.705M	0.9%	$290.07	0.0%	COM	303250104
IAG	IAMGOLD CORP	500,000	$1.69M	0.9%	$4.13	-29.3%	COM	450913108
ALLE	ALLEGION PUB LTD CO	15,076	$1.667M	0.9%	$82.91	+10.9%	ORD SHS	G0176J109
SGI	TEMPUR SEALY INTL INC	21,535	$1.58M	0.8%	$13.97	+15.4%	COM	88023U101
HSY	HERSHEY CO	11,643	$1.561M	0.8%	$108.95	0.0%	COM	427866108
NEM	NEWMONT GOLDCORP CORPORATION	39,782	$1.53M	0.8%	$28.04	-0.3%	COM	651639106
SVM	SILVERCORP METALS INC	600,000	$1.476M	0.8%	$2.74	-16.2%	COM	82835P103
BHP	BHP GROUP LTD	25,000	$1.453M	0.8%	$56.05	—	SPONSORED ADS	088606108
PII	POLARIS INDS INC	15,893	$1.45M	0.7%	$91.06	0.0%	COM	731068102
—	CNOOC LTD	7,900	$1.345M	0.7%	$167.46	—	SPONSORED ADR	126132109
EMX	EMX RTY CORP	1,100,000	$1.344M	0.7%	$1.13	—	COM	26873J107
—	ROYAL DUTCH SHELL PLC	20,000	$1.301M	0.7%	$63.83	—	SPONS ADR A	780259206
—	AURYN RES INC	750,000	$1.277M	0.7%	$2.04	—	COM	05208W108
LGIH	LGI HOMES INC	17,752	$1.268M	0.7%	$49.28	+40.8%	COM	50187T106
GGG	GRACO INC	24,003	$1.204M	0.6%	$46.33	0.0%	COM	384109104
NGVT	INGEVITY CORP	11,178	$1.176M	0.6%	$91.14	+10.3%	COM	45688C107
CF	CF INDS HLDGS INC	25,000	$1.168M	0.6%	$36.20	+1.8%	COM	125269100
EXEL	EXELIXIS INC	53,359	$1.14M	0.6%	$21.73	-3.6%	COM	30161Q104
AMCX	AMC NETWORKS INC	20,647	$1.125M	0.6%	$59.97	-6.0%	CL A	00164V103
—	GOLD STD VENTURES CORP	1,000,000	$1.06M	0.5%	$1.44	—	COM	380738104
EVR	EVERCORE INC	11,945	$1.058M	0.5%	$76.73	0.0%	CLASS A	29977A105
TECK	TECK RESOURCES LTD	43,000	$992K	0.5%	$24.17	-7.3%	CL B	878742204
E	ENI S P A	30,000	$991K	0.5%	$34.51	—	SPONSORED ADR	26874R108
—	CONTROL4 CORP	41,215	$979K	0.5%	$23.75	—	COM	21240D107
MED	MEDIFAST INC	7,608	$976K	0.5%	$108.57	+5.9%	COM	58470H101
PAAS	PAN AMERICAN SILVER CORP	75,000	$968K	0.5%	$17.04	-29.3%	COM	697900108
ENVA	ENOVA INTL INC	41,785	$963K	0.5%	$23.68	+1.2%	COM	29357K103
BFH	ALLIANCE DATA SYSTEMS CORP	6,836	$958K	0.5%	$107.33	0.0%	COM	018581108
—	YAMANA GOLD INC	375,000	$945K	0.5%	$2.90	—	COM	98462Y100
—	TIVITY HEALTH INC	54,244	$892K	0.5%	$16.70	—	COM	88870R102
BTG	B2GOLD CORP	288,900	$876K	0.5%	$2.16	+1.3%	COM	11777Q209
—	GREAT PANTHER MINING LIMITED	997,600	$853K	0.4%	$1.11	—	COM	39115V101
—	ALIO GOLD INC	1,100,000	$849K	0.4%	$1.26	—	COM	01627X108
PAHC	PHIBRO ANIMAL HEALTH CORP	26,189	$832K	0.4%	$31.36	0.0%	CL A COM	71742Q106
—	AMERICAS SILVER CORP	350,000	$809K	0.4%	$3.50	—	COM NEW	03063L705
—	BONANZA CREEK ENERGY INC	38,229	$798K	0.4%	$20.87	—	COM NEW	097793400
UUUU	ENERGY FUELS INC	250,000	$783K	0.4%	$2.95	+2.2%	COM NEW	292671708
—	GOL LINHAS AEREAS INTLG S A	42,653	$720K	0.4%	$9.64	—	SPON ADR PFD NEW	38045R206
—	OSISKO GOLD ROYALTIES LTD	68,945	$720K	0.4%	$8.82	—	COM	68827L101
MMI	MARCUS & MILLICHAP INC	23,204	$716K	0.4%	$33.62	0.0%	COM	566324109
NUE	NUCOR CORP	12,500	$689K	0.4%	$50.70	-5.6%	COM	670346105
—	SINOPEC SHANGHAI PETROCHEMIC	17,000	$679K	0.4%	$60.22	—	SPON ADR H	82935M109
RYAAY	RYANAIR HLDGS PLC	10,573	$678K	0.3%	$87.85	—	SPONSORED ADS	783513203
XLV	SELECT SECTOR SPDR TR	7,300	$676K	0.3%	$92.60	—	SBI HEALTHCARE	81369Y209
—	ANADARKO PETE CORP	9,500	$670K	0.3%	$70.53	—	COM	032511107
XLRE	SELECT SECTOR SPDR TR	18,200	$669K	0.3%	$32.05	—	RL EST SEL SEC	81369Y860
VLO	VALERO ENERGY CORP	7,500	$642K	0.3%	$63.00	0.0%	NEW COM	91913Y100
OMAB	GRUPO AEROPORTUARIO CTR NORT	12,942	$633K	0.3%	$44.17	—	SPON ADR	400501102
CDE	COEUR MNG INC	145,225	$630K	0.3%	$4.73	-25.6%	COM NEW	192108504
SU	SUNCOR ENERGY INC	20,000	$623K	0.3%	$24.80	-0.8%	NEW COM	867224107
COP	CONOCOPHILLIPS	10,000	$610K	0.3%	$52.98	-7.1%	COM	20825C104
PSX	PHILLIPS 66	6,500	$608K	0.3%	$68.50	0.0%	COM	718546104
NGD	NEW GOLD INC CDA	620,000	$597K	0.3%	$0.79	0.0%	COM	644535106
—	CONSOL ENERGY INC	22,254	$592K	0.3%	$26.60	—	NEW COM	20854L108
VLRS	CONTROLADORA VUELA CIA DE AV	61,950	$581K	0.3%	$9.38	—	SPON ADR RP 10	21240E105
—	APACHE CORP	20,000	$579K	0.3%	$28.95	—	COM	037411105
KGC	KINROSS GOLD CORP	148,706	$576K	0.3%	$3.34	+1.0%	COM	496902404
SBUX	STARBUCKS CORP	6,742	$565K	0.3%	$62.20	+9.2%	COM	855244109
EOG	EOG RES INC	6,000	$559K	0.3%	$70.74	-0.6%	COM	26875P101
EC	ECOPETROL S A	30,000	$549K	0.3%	$18.30	—	SPONSORED ADS	279158109
TSN	TYSON FOODS INC	6,791	$548K	0.3%	$63.73	0.0%	CL A	902494103
CNQ	CANADIAN NAT RES LTD	20,000	$539K	0.3%	$9.35	+4.5%	COM	136385101
V	VISA INC	2,978	$517K	0.3%	$156.33	0.0%	COM CL A	92826C839
MA	MASTERCARD INC	1,941	$513K	0.3%	$241.35	0.0%	CL A	57636Q104
ZTS	ZOETIS INC	4,514	$512K	0.3%	$86.07	+15.3%	CL A	98978V103
YUM	YUM BRANDS INC	4,630	$512K	0.3%	$91.91	0.0%	COM	988498101
—	CHINA PETE & CHEM CORP	7,500	$512K	0.3%	$79.13	—	SPON ADR H SHS	16941R108
XLP	SELECT SECTOR SPDR TR	8,800	$511K	0.3%	$58.07	—	SBI CONS STPLS	81369Y308
—	RESOLUTE FST PRODS INC	70,000	$504K	0.3%	$12.95	—	COM	76117W109
XLU	SELECT SECTOR SPDR TR	8,400	$501K	0.3%	$59.64	—	SBI INT-UTILS	81369Y886
MOS	MOSAIC CO	20,000	$501K	0.3%	$26.91	-19.9%	NEW COM	61945C103
PBI	PITNEY BOWES INC	116,779	$500K	0.3%	$5.37	0.0%	COM	724479100
—	PENN VA CORP	16,268	$499K	0.3%	$30.67	—	NEW COM	70788V102
XLB	SELECT SECTOR SPDR TR	8,500	$498K	0.3%	$58.59	—	SBI MATERIALS	81369Y100
EQNR	EQUINOR ASA	25,000	$495K	0.3%	$21.96	—	SPONSORED ADR	29446M102
CE	CELANESE CORP DEL	4,410	$475K	0.2%	$91.40	0.0%	COM	150870103
HAL	HALLIBURTON CO	20,000	$455K	0.2%	$22.70	0.0%	COM	406216101
ZION	ZIONS BANCORPORATION N A	9,487	$436K	0.2%	$52.12	-11.2%	COM	989701107
AMT	AMERICAN TOWER CORP	2,118	$433K	0.2%	$168.17	0.0%	NEW COM	03027X100
STZ	CONSTELLATION BRANDS INC	2,194	$432K	0.2%	$186.13	-5.9%	CL A	21036P108
EPOL	ISHARES TR	18,200	$432K	0.2%	$23.51	—	MSCI POLAND ETF	46429B606
ROST	ROSS STORES INC	4,276	$424K	0.2%	$84.34	+8.3%	COM	778296103
EVRG	EVERGY INC	6,849	$412K	0.2%	$44.12	+2.7%	COM	30034W106
KEY	KEYCORP	23,059	$409K	0.2%	$12.05	+1.8%	NEW COM	493267108
—	BARRICK GOLD CORPORATION	850	$404K	0.2%	$13.55	—	Call	067901108
NSC	NORFOLK SOUTHERN CORP C	2,010	$401K	0.2%	$150.47	+15.2%	COM	655844108
CMA	COMERICA INC	5,481	$398K	0.2%	$56.67	-5.2%	COM	200340107
BAX	BAXTER INTL INC	4,859	$398K	0.2%	$68.49	0.0%	COM	071813109
BBY	BEST BUY INC	5,683	$396K	0.2%	$53.82	0.0%	COM	086516101
XLY	SELECT SECTOR SPDR TR	3,300	$394K	0.2%	$119.39	—	SBI CONS DISCR	81369Y407
PCH	POTLATCHDELTIC CORPORATION	10,000	$390K	0.2%	$39.00	—	COM	737630103
ABBV	ABBVIE INC	5,361	$390K	0.2%	$65.85	-9.8%	COM	00287Y109
PBR	PETROLEO BRASILEIRO SA PETRO	25,000	$389K	0.2%	$15.56	—	SPONSORED ADR	71654V408
HPE	HEWLETT PACKARD ENTERPRISE C	25,728	$385K	0.2%	$11.98	+2.2%	COM	42824C109
RF	REGIONS FINL CORP	25,693	$384K	0.2%	$11.23	0.0%	NEW COM	7591EP100
—	PIONEER NAT RES CO	2,497	$384K	0.2%	$153.78	—	COM	723787107
AMGN	AMGEN INC	2,078	$383K	0.2%	$139.31	+4.9%	COM	031162100
AVGO	BROADCOM INC	1,332	$383K	0.2%	$19.90	+22.5%	COM	11135F101
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	5,972	$379K	0.2%	$62.63	-5.1%	CL A	192446102
NTAP	NETAPP INC	5,788	$357K	0.2%	$57.44	-2.3%	COM	64110D104
AOS	SMITH A O CORP	7,401	$349K	0.2%	$43.40	0.0%	COM	831865209
MO	ALTRIA GROUP INC	6,890	$326K	0.2%	$29.95	+3.2%	COM	02209S103
CVX	CHEVRON CORP	2,500	$311K	0.2%	$90.24	0.0%	NEW COM	166764100
—	CONCHO RES INC	3,000	$310K	0.2%	$103.33	—	COM	20605P101
—	STAMPS COM INC	6,819	$309K	0.2%	$45.31	—	COM NEW	852857200
—	CIMAREX ENERGY CO	4,928	$292K	0.2%	$85.38	—	COM	171798101
FCX	FREEPORT-MCMORAN INC	25,000	$290K	0.1%	$10.74	0.0%	CL B	35671D857
IP	INTL PAPER CO	6,500	$282K	0.1%	$31.37	0.0%	COM	460146103
—	COMSTOCK MNG INC	1,457,329	$277K	0.1%	$0.39	—	COM NEW	205750201
INDA	ISHARES TR	7,500	$265K	0.1%	$35.33	—	MSCI INDIA ETF	46429B598
LPX	LOUISIANA PAC CORP	10,000	$262K	0.1%	$28.77	-14.8%	COM	546347105
VNM	VANECK VECTORS ETF TR	16,000	$256K	0.1%	$16.56	—	VIETNAM ETF	92189F817
OXY	OCCIDENTAL PETE CORP	5,000	$251K	0.1%	$48.84	0.0%	COM	674599105
—	NORBORD INC	10,000	$248K	0.1%	$36.16	—	COM NEW	65548P403
DBB	INVESCO DB MLTI SECTR CMMTY	15,000	$233K	0.1%	$17.05	—	BASE METALS FD	46140H700
XLC	SELECT SECTOR SPDR TR	4,400	$216K	0.1%	$46.70	—	COMMUNICATION	81369Y852
—	DIREXION SHS ETF TR	3,980	$215K	0.1%	$33.07	—	DLY RUSSIA BL 3X	25490K273
CGW	INVESCO EXCHNG TRADED FD TR	5,700	$213K	0.1%	$37.37	—	S&P GBL WATER	46138E263
GLD	SPDR GOLD TRUST	1,400	$186K	0.1%	$132.86	—	GOLD SHS	78463V107
URA	GLOBAL X FDS	15,000	$182K	0.1%	$12.38	—	GLOBAL X URANIUM	37954Y871
—	MOBILE TELESYSTEMS PJSC	19,200	$179K	0.1%	$8.84	—	SPONSORED ADR	607409109
CRAK	VANECK VECTORS ETF TR	6,000	$166K	0.1%	$27.67	—	OIL REFINERS ETF	92189F585
FAN	FIRST TR EXCHANGE TRADED FD	12,000	$160K	0.1%	$13.33	—	GBL WND ENRG	33736G106
RYN	RAYONIER INC	5,000	$152K	0.1%	$31.60	—	COM	754907103
SPY	SPDR S&P 500 ETF TR	700	$137K	0.1%	—	—	Put	78462F103
PALL	ABERDEEN STD PALLADIUM ETF T	900	$131K	0.1%	$145.56	—	PHYSCL PALLADM	003262102
—	INVESCO EXCHNG TRADED FD TR	14,000	$127K	0.1%	$9.07	—	SHIPPING ETF	46138G607
SIL	GLOBAL X FDS	4,500	$121K	0.1%	$26.33	—	GLOBAL X SILVER	37954Y848
HSBC	HSBC HLDGS PLC	2,000	$116K	0.1%	—	—	Call	404280406
DBA	INVESCO DB MLTI SECTR CMMTY	6,900	$114K	0.1%	$16.46	—	AGRICULTURE FD	46140H106
TAN	INVESCO EXCHNG TRADED FD TR	3,900	$110K	0.1%	$28.21	—	SOLAR ETF	46138G706
—	TEUCRIUM COMMODITY TR	19,000	$109K	0.1%	$5.28	—	WHEAT FD	88166A508
CUT	INVESCO EXCHNG TRADED FD TR	4,000	$108K	0.1%	$27.00	—	MSCI GBL TIMBR	46138E545
IYE	ISHARES TR	2,900	$100K	0.1%	$34.48	—	U.S. ENERGY ETF	464287796
SLV	ISHARES SILVER TRUST	6,500	$93,000	0.0%	$14.31	—	ISHARES	46428Q109
—	VANECK VECTORS ETF TR	6,914	$92,000	0.0%	$13.31	—	COAL ETF	92189F809
FCG	FIRST TR EXCHANGE TRADED FD	5,900	$85,000	0.0%	$14.41	—	NAT GAS ETF	33733E807
CORN	TEUCRIUM COMMODITY TR	4,000	$66,000	0.0%	$15.20	—	CORN FD SHS	88166A102
—	SPDR SERIES TRUST	2,400	$65,000	0.0%	$27.08	—	S&P OILGAS EXP	78464A730
—	DIREXION SHS ETF TR	1,400	$31,000	0.0%	$22.14	—	DAILY NATRL GAS ADDED	25460E158
—	MOMO INC	600	$21,000	0.0%	$35.00	—	ADR	60879B107
SJT	SAN JUAN BASIN RTY TR	2,000	$8,000	0.0%	$7.90	—	UNIT BEN INT	798241105