Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WPM	WHEATON PRECIOUS METALS CORP	347,046	$10.33M	4.6%	$20.84	+22.3%	COM	962879102
—	SANDSTORM GOLD LTD	1,012,081	$7.541M	3.4%	$5.03	—	COM NEW	80013R206
—	DIREXION SHS ETF TR	85,600	$7.145M	3.2%	$59.96	—	DAILY JR GLD MIN	25460E166
—	DIREXION SHS ETF TR	198,000	$6.898M	3.1%	$22.42	—	DLY GOLD INDX 3X	25460E844
AAL	AMERICAN AIRLS GROUP INC	225,195	$6.459M	2.9%	$37.31	-24.0%	COM	02376R102
DAL	DELTA AIR LINES INC DEL	108,160	$6.325M	2.8%	$44.33	+22.0%	COM NEW	247361702
UAL	UNITED AIRLINES HLDGS INC	70,298	$6.193M	2.8%	$66.17	+35.6%	COM	910047109
LUV	SOUTHWEST AIRLS CO	110,968	$5.99M	2.7%	$44.32	+15.7%	COM	844741108
SSRM	SSR MNG INC	282,262	$5.436M	2.4%	$11.89	+30.9%	COM	784730103
RGLD	ROYAL GOLD INC	40,402	$4.939M	2.2%	$104.49	+13.2%	COM	780287108
FNV	FRANCO NEVADA CORP	47,425	$4.899M	2.2%	$79.73	+14.7%	COM	351858105
VGSH	VANGUARD SCOTTSDALE FDS	72,000	$4.38M	2.0%	$60.94	—	SHORT TERM TREAS	92206C102
—	MAVERIX METALS INC	750,000	$3.816M	1.7%	$4.41	—	COM NEW	57776F405
SVM	SILVERCORP METALS INC	658,972	$3.736M	1.7%	$2.97	+56.4%	COM	82835P103
HMY	HARMONY GOLD MNG LTD	938,372	$3.406M	1.5%	$1.95	—	SPONSORED ADR	413216300
—	SILVERCREST METALS INC	500,000	$3.375M	1.5%	$2.43	—	COM	828363101
IAG	IAMGOLD CORP	902,717	$3.367M	1.5%	$3.86	-8.5%	COM	450913108
—	ANGLOGOLD ASHANTI LTD	150,000	$3.351M	1.5%	$17.81	—	SPONSORED ADR	035128206
—	KIRKLAND LAKE GOLD LTD	73,276	$3.229M	1.4%	$35.00	—	COM	49741E100
GFI	GOLD FIELDS LTD NEW	486,061	$3.208M	1.4%	$5.12	—	SPONSORED ADR	38059T106
PAAS	PAN AMERICAN SILVER CORP	125,000	$2.961M	1.3%	$17.63	+5.0%	COM	697900108
—	PRETIUM RES INC	260,000	$2.892M	1.3%	$11.12	—	COM	74139C102
MSCI	MSCI INC	9,270	$2.394M	1.1%	$178.86	+28.3%	COM	55354G100
ALLE	ALLEGION PUB LTD CO	18,882	$2.351M	1.1%	$101.55	+5.0%	ORD SHS	G0176J109
NEM	NEWMONT GOLDCORP CORPORATION	50,000	$2.173M	1.0%	$28.93	+13.1%	COM	651639106
—	SPIRIT AIRLS INC	53,252	$2.147M	1.0%	$41.55	—	COM	848577102
SKYW	SKYWEST INC	32,129	$2.076M	0.9%	$29.44	+106.9%	COM	830879102
ALGT	ALLEGIANT TRAVEL CO	11,790	$2.052M	0.9%	$131.52	+20.7%	COM	01748X102
ALK	ALASKA AIR GROUP INC	30,174	$2.044M	0.9%	$65.85	+2.9%	COM	011659109
—	OSISKO GOLD ROYALTIES LTD	210,405	$2.043M	0.9%	$9.33	—	COM	68827L101
HD	HOME DEPOT INC	9,208	$2.01M	0.9%	$193.45	+0.8%	COM	437076102
JBLU	JETBLUE AWYS CORP	107,303	$2.009M	0.9%	$21.04	-11.7%	COM	477143101
NGD	NEW GOLD INC CDA	2,244,657	$1.975M	0.9%	$0.90	0.0%	COM	644535106
MCO	MOODYS CORP	7,835	$1.86M	0.8%	$211.12	0.0%	COM	615369105
—	BARRICK GOLD CORPORATION	100,000	$1.859M	0.8%	$17.74	—	COM	067901108
EMX	EMX RTY CORP	1,100,000	$1.816M	0.8%	$1.13	—	COM	26873J107
SGI	TEMPUR SEALY INTL INC	19,595	$1.706M	0.8%	$15.11	+38.4%	COM	88023U101
HL	HECLA MNG CO	488,658	$1.657M	0.7%	$2.38	0.0%	COM	422704106
FICO	FAIR ISAAC CORP	4,301	$1.611M	0.7%	$297.27	+13.2%	COM	303250104
—	AIR TRANSPORT SERVICES GRP I	67,631	$1.587M	0.7%	$21.02	—	COM	00922R105
SMG	SCOTTS MIRACLE GRO CO	14,688	$1.56M	0.7%	$82.33	-1.5%	CL A	810186106
IDXX	IDEXX LABS INC	5,935	$1.55M	0.7%	$278.27	-5.3%	COM	45168D104
SMB	VANECK VECTORS ETF TRUST	85,000	$1.513M	0.7%	$17.69	—	AMT FREE SHORT M	92189F528
ITM	VANECK VECTORS ETF TR	30,000	$1.507M	0.7%	$50.30	—	AMT FREE INT ETF	92189H201
—	MESA AIR GROUP INC	168,083	$1.503M	0.7%	$9.04	—	COM NEW	590479135
—	HAWAIIAN HOLDINGS INC	51,221	$1.5M	0.7%	$35.54	—	COM	419879101
BTG	B2GOLD CORP	370,710	$1.487M	0.7%	$2.82	0.0%	COM	11777Q209
—	YAMANA GOLD INC	375,000	$1.481M	0.7%	$2.90	—	COM	98462Y100
MLN	VANECK VECTORS ETF TRUST	70,000	$1.471M	0.7%	$21.14	—	AMT FREE LONG MU	92189F536
DRD	DRDGOLD LIMITED	278,021	$1.426M	0.6%	$5.13	—	SPON ADR REPSTG	26152H301
BA	BOEING CO	4,367	$1.423M	0.6%	$243.07	+44.4%	COM	097023105
POOL	POOL CORPORATION	6,510	$1.383M	0.6%	$192.80	0.0%	COM	73278L105
—	BARRICK GOLD CORPORATION	3,250	$1.372M	0.6%	$17.74	—	Call	067901108
NGVT	INGEVITY CORP	15,375	$1.343M	0.6%	$87.44	0.0%	COM	45688C107
EXEL	EXELIXIS INC	71,952	$1.268M	0.6%	$20.73	-18.2%	COM	30161Q104
—	AMERICAS GOLD AND SILVER COR	400,000	$1.253M	0.6%	$2.50	—	COM	03062D100
PUMP	PROPETRO HLDG CORP	110,408	$1.242M	0.6%	$8.94	0.0%	COM	74347M108
AEM	AGNICO EAGLE MINES LTD	20,000	$1.232M	0.6%	$32.80	+53.5%	COM	008474108
EVR	EVERCORE INC	16,369	$1.224M	0.5%	$66.70	0.0%	CLASS A	29977A105
AGI	ALAMOS GOLD INC NEW	200,000	$1.204M	0.5%	$5.18	+0.1%	COM CL A	011532108
EGRX	EAGLE PHARMACEUTICALS INC	18,800	$1.13M	0.5%	$59.64	0.0%	COM	269796108
—	NIC INC	48,400	$1.082M	0.5%	$22.36	—	COM	62914B100
PETS	PETMED EXPRESS INC	44,923	$1.057M	0.5%	$22.40	0.0%	COM	716382106
AMCX	AMC NETWORKS INC	26,653	$1.053M	0.5%	$56.47	-25.6%	CL A	00164V103
MED	MEDIFAST INC	9,566	$1.048M	0.5%	$103.17	-21.3%	COM	58470H101
—	PENN VA CORP NEW	33,974	$1.031M	0.5%	$30.35	—	COM	70788V102
MERC	MERCER INTL INC	79,210	$974K	0.4%	$10.05	-1.2%	COM	588056101
EOG	EOG RES INC	11,568	$969K	0.4%	$66.28	-15.8%	COM	26875P101
CAR	AVIS BUDGET GROUP INC	30,000	$967K	0.4%	$28.49	0.0%	COM	053774105
—	CONSOL ENERGY INC NEW	64,077	$930K	0.4%	$14.51	—	COM	20854L108
BOOM	DMC GLOBAL INC	19,677	$884K	0.4%	$45.45	-2.9%	COM	23291C103
PBI	PITNEY BOWES INC	216,637	$873K	0.4%	$4.58	0.0%	COM	724479100
—	GOLD STD VENTURES CORP	1,000,000	$856K	0.4%	$1.44	—	COM	380738104
SUPN	SUPERNUS PHARMACEUTICALS INC	35,500	$842K	0.4%	$24.29	0.0%	COM	868459108
—	GOLDEN STAR RES LTD CDA	200,000	$762K	0.3%	$3.15	—	COM	38119T807
PSX	PHILLIPS 66	6,500	$724K	0.3%	$68.50	+27.5%	COM	718546104
—	AURYN RES INC	500,000	$722K	0.3%	$2.04	—	COM	05208W108
NUE	NUCOR CORP	12,500	$704K	0.3%	$50.70	-4.9%	COM	670346105
VLO	VALERO ENERGY CORP NEW	7,500	$702K	0.3%	$63.00	+16.9%	COM	91913Y100
—	CNOOC LTD	4,000	$667K	0.3%	$167.46	—	SPONSORED ADR	126132109
SU	SUNCOR ENERGY INC NEW	20,000	$656K	0.3%	$24.80	-1.2%	COM	867224107
INGR	INGREDION INC	7,000	$651K	0.3%	$79.37	+5.9%	COM	457187102
COP	CONOCOPHILLIPS	10,000	$650K	0.3%	$52.98	-11.0%	COM	20825C104
CNQ	CANADIAN NAT RES LTD	20,000	$647K	0.3%	$9.35	+5.7%	COM	136385101
OXY	OCCIDENTAL PETE CORP	15,156	$624K	0.3%	$44.07	-18.3%	COM	674599105
E	ENI S P A	20,000	$619K	0.3%	$34.51	—	SPONSORED ADR	26874R108
EC	ECOPETROL S A	30,000	$599K	0.3%	$18.30	—	SPONSORED ADS	279158109
—	ROYAL DUTCH SHELL PLC	10,000	$590K	0.3%	$63.83	—	SPONS ADR A	780259206
—	AZUL S A	12,799	$548K	0.2%	$42.82	—	SPONSR ADR PFD	05501U106
BHP	BHP GROUP LTD	10,000	$547K	0.2%	$56.05	—	SPONSORED ADS	088606108
OMAB	GRUPO AEROPORTUARIO CTR NORT	9,106	$546K	0.2%	$44.17	—	SPON ADR	400501102
—	ALIO GOLD INC	700,000	$544K	0.2%	$1.26	—	COM	01627X108
RYAAY	RYANAIR HLDGS PLC	6,115	$536K	0.2%	$87.85	—	SPONSORED ADS	783513203
ASR	GRUPO AEROPORTUARIO DEL SURE	2,856	$535K	0.2%	$152.59	—	SPON ADR SER B	40051E202
—	GOL LINHAS AEREAS INTLG S A	29,564	$534K	0.2%	$9.64	—	SPON ADR PFD NEW	38045R206
DFIN	DONNELLEY FINL SOLUTIONS INC	50,000	$524K	0.2%	$10.47	0.0%	COM	25787G100
WYNN	WYNN RESORTS LTD	3,728	$518K	0.2%	$113.18	+3.2%	COM	983134107
VLRS	CONTROLADORA VUELA CIA DE AV	49,517	$516K	0.2%	$10.42	—	SPON ADR RP 10	21240E105
HCA	HCA HEALTHCARE INC	3,451	$510K	0.2%	$122.45	+4.3%	COM	40412C101
—	GREAT PANTHER MINING LIMITED	1,000,000	$510K	0.2%	$0.91	—	COM	39115V101
MO	ALTRIA GROUP INC	10,209	$510K	0.2%	$29.19	-1.4%	COM	02209S103
RF	REGIONS FINL CORP NEW	29,646	$509K	0.2%	$11.44	+11.8%	COM	7591EP100
EQNR	EQUINOR ASA	25,000	$498K	0.2%	$21.96	—	SPONSORED ADR	29446M102
SHW	SHERWIN WILLIAMS CO	854	$498K	0.2%	$163.12	+10.7%	COM	824348106
HAL	HALLIBURTON CO	20,000	$489K	0.2%	$22.70	-17.3%	COM	406216101
NTR	NUTRIEN LTD	10,000	$479K	0.2%	$41.03	-4.4%	COM	67077M108
UUUU	ENERGY FUELS INC	250,000	$478K	0.2%	$2.95	-33.4%	COM NEW	292671708
SBUX	STARBUCKS CORP	5,425	$477K	0.2%	$64.01	+16.3%	COM	855244109
CF	CF INDS HLDGS INC	10,000	$477K	0.2%	$36.20	+11.3%	COM	125269100
SCHW	THE CHARLES SCHWAB CORPORATI	9,968	$474K	0.2%	$36.91	+9.7%	COM	808513105
AVGO	BROADCOM INC	1,493	$472K	0.2%	$20.34	+27.3%	COM	11135F101
HPQ	HP INC	22,312	$459K	0.2%	$15.74	-2.7%	COM	40434L105
UNP	UNION PACIFIC CORP	2,533	$458K	0.2%	$145.81	+2.4%	COM	907818108
MA	MASTERCARD INC	1,517	$453K	0.2%	$241.35	+12.9%	CL A	57636Q104
—	CHINA PETE & CHEM CORP	7,500	$451K	0.2%	$79.13	—	SPON ADR H SHS	16941R108
MRK	MERCK & CO INC	4,946	$450K	0.2%	$65.47	+3.2%	COM	58933Y105
CMA	COMERICA INC	6,275	$450K	0.2%	$55.61	-8.9%	COM	200340107
SYY	SYSCO CORP	5,265	$450K	0.2%	$61.77	+10.9%	COM	871829107
PHM	PULTE GROUP INC	11,483	$446K	0.2%	$31.12	+17.1%	COM	745867101
V	VISA INC	2,356	$443K	0.2%	$156.33	+10.4%	COM CL A	92826C839
NSC	NORFOLK SOUTHERN CORP	2,259	$439K	0.2%	$151.69	+9.1%	COM	655844108
ZTS	ZOETIS INC	3,296	$436K	0.2%	$86.07	+37.2%	CL A	98978V103
—	ETF MANAGERS TR	35,000	$435K	0.2%	$12.43	—	PRIME JUNIR SLVR	26924G102
MOS	MOSAIC CO NEW	20,000	$433K	0.2%	$26.91	-34.6%	COM	61945C103
PCH	POTLATCHDELTIC CORPORATION	10,000	$433K	0.2%	$39.00	—	COM	737630103
TECK	TECK RESOURCES LTD	25,000	$433K	0.2%	$24.17	-32.5%	CL B	878742204
AMT	AMERICAN TOWER CORP NEW	1,868	$429K	0.2%	$168.17	+9.3%	COM	03027X100
GLD	SPDR GOLD TRUST	3,000	$429K	0.2%	$138.12	—	GOLD SHS	78463V107
MCK	MCKESSON CORP	3,024	$418K	0.2%	$135.60	-0.1%	COM	58155Q103
SA	SEABRIDGE GOLD INC	30,000	$415K	0.2%	$14.22	-11.0%	COM	811916105
CTRA	CABOT OIL & GAS CORP	23,709	$413K	0.2%	$14.36	-8.9%	COM	127097103
MDLZ	MONDELEZ INTL INC	7,464	$411K	0.2%	$46.69	-1.7%	CL A	609207105
INTU	INTUIT	1,545	$405K	0.2%	$264.00	-4.8%	COM	461202103
ORCL	ORACLE CORP	7,615	$403K	0.2%	$50.38	+0.1%	COM	68389X105
EVRG	EVERGY INC	6,160	$401K	0.2%	$44.12	+13.7%	COM	30034W106
PBR	PETROLEO BRASILEIRO SA PETRO	25,000	$399K	0.2%	$15.56	—	SPONSORED ADR	71654V408
—	DIREXION SHS ETF TR	5,000	$348K	0.2%	$45.13	—	DLY RUSSIA BL 3X	25490K273
CGW	INVESCO EXCHNG TRADED FD TR	8,000	$329K	0.1%	$41.13	—	S&P GBL WATER	46138E263
FCX	FREEPORT-MCMORAN INC	25,000	$328K	0.1%	$10.74	-4.7%	CL B	35671D857
IP	INTL PAPER CO	6,500	$299K	0.1%	$31.37	+1.6%	COM	460146103
LPX	LOUISIANA PAC CORP	10,000	$297K	0.1%	$28.77	-1.8%	COM	546347105
—	RESOLUTE FST PRODS INC	70,000	$294K	0.1%	$12.95	—	COM	76117W109
—	NORBORD INC	10,000	$267K	0.1%	$36.16	—	COM NEW	65548P403
—	VANECK VECTORS ETF TRUST	16,250	$218K	0.1%	$13.42	—	RARE EARTH STRAT	92189F742
PLG	PLATINUM GROUP METALS LTD	125,000	$211K	0.1%	$1.46	0.0%	COM	72765Q882
LIT	GLOBAL X FDS	6,470	$177K	0.1%	$27.36	—	LITHIUM BTRY ETF	37954Y855
RYN	RAYONIER INC	5,000	$164K	0.1%	$31.60	—	COM	754907103
—	QIWI PLC	8,000	$155K	0.1%	$19.38	—	SPON ADR REP B	74735M108
FAN	FIRST TR EXCHANGE TRADED FD	10,000	$146K	0.1%	$14.60	—	GBL WND ENRG ETF	33736G106
UGA	UNITED STS GASOLINE FD	4,475	$145K	0.1%	$32.40	—	LP UNITS	91201T102
TAN	INVESCO EXCHNG TRADED FD TR	4,500	$139K	0.1%	$30.89	—	SOLAR ETF	46138G706
—	MOBILE TELESYSTEMS PJSC	12,200	$124K	0.1%	$8.84	—	SPONSORED ADR	607409109
SIL	GLOBAL X FDS	3,700	$123K	0.1%	$26.71	—	GLOBAL X SILVER	37954Y848
IEZ	ISHARES TR	5,500	$112K	0.1%	$20.36	—	US OIL EQ&SV ETF	464288844
PPLT	ABERDEEN STD PLATINUM ETF TR	1,000	$91,000	0.0%	$91.00	—	PHYSCL PLATM SHS	003260106
SOYB	TEUCRIUM COMMODITY TR	4,000	$63,000	0.0%	$15.75	—	SOYBEAN FD	88166A607
GDXJ	VANECK VECTORS ETF TRUST	1,500	$63,000	0.0%	$42.00	—	JR GOLD MINERS ETF	92189F791
—	COMSTOCK MNG INC	106,600	$47,000	0.0%	$0.44	—	COM NEW ADDED	205750300
—	PROSHARES TR II	2,200	$45,000	0.0%	$20.45	—	ULTA BLMBG 2017	74347W247
SJT	SAN JUAN BASIN RTY TR	2,000	$5,000	0.0%	$7.90	—	UNIT BEN INT	798241105
SPY	SPDR S&P 500 ETF TR	700	$1,000	0.0%	—	—	Put	78462F103