Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICVT	ISHARES CONVERTIBLE BOND ETF	5,000,000	$274M	55.3%	$53.06	—	COM	46435G102
STLD	STEEL DYNAMICS INC	1,087,000	$37.47M	7.6%	$28.40	+3.8%	COM	858119100
NUE	NUCOR CORP	475,000	$26.62M	5.4%	$48.45	-3.0%	COM	670346105
CLF	CLEVELAND CLIFFS INC	3,000,000	$21.45M	4.3%	$7.07	0.0%	COM	185899101
CNQ	CANADIAN NATURAL RESOURCES	497,500	$16.66M	3.4%	$10.18	+1.8%	COM	136385101
EOG	EOG RESOURCES INC	154,000	$14.9M	3.0%	$68.13	-1.0%	COM	26875P101
—	PIONEER NATURAL RESOURCES CO	75,000	$11.07M	2.2%	$157.36	—	COM	723787107
—	AK STEEL HLDG CORP	1,500,000	$8.385M	1.7%	$6.57	—	COM	001547108
META	FACEBOOK INC A	34,700	$5.929M	1.2%	$155.83	+6.3%	COM	30303M102
AAPL	APPLE INC	37,719	$5.813M	1.2%	$34.70	+4.2%	COM	037833100
NVDA	NVIDIA CORP	29,000	$5.184M	1.0%	$3.20	+28.3%	COM	67066G104
EWZ	ISHARES MSCI BRAZIL CAPPED IND	100,000	$4.169M	0.8%	—	—	Put	464286400
ADBE	ADOBE SYSTEMS INC	25,878	$3.86M	0.8%	$136.92	+9.0%	COM	00724F101
FANG	DIAMONDBACK ENERGY INC	34,500	$3.38M	0.7%	$71.15	0.0%	COM	25278X109
STZ	CONSTELLATION BRANDS INC A	14,000	$2.792M	0.6%	$141.60	+22.6%	COM	21036P108
EEMV	ISHARES EDGE MSCI MIN VOL EMER	45,584	$2.648M	0.5%	$55.40	—	COM	464286533
NOC	NORTHROP GRUMMAN CORP	8,900	$2.561M	0.5%	$234.97	0.0%	COM	666807102
—	RAYTHEON COMPANY	13,500	$2.519M	0.5%	$186.59	—	COM	755111507
LMT	LOCKHEED MARTIN CORP	8,100	$2.513M	0.5%	$238.57	0.0%	COM	539830109
GD	GENERAL DYNAMICS CORP	12,200	$2.508M	0.5%	$166.44	0.0%	COM	369550108
ARMK	ARAMARK	55,200	$2.242M	0.5%	$25.32	+3.3%	COM	03852U106
PFE	PFIZER INC	60,000	$2.142M	0.4%	$21.60	+3.0%	COM	717081103
—	GARDNER DENVER HOLDINGS INC	75,800	$2.086M	0.4%	$21.61	—	COM	36555P107
—	XILINX INC	25,000	$1.771M	0.4%	$70.84	—	COM	983919101
COPX	GLOBAL X COPPER MINERS ETF	69,200	$1.72M	0.3%	$24.86	—	COM	37954Y830
NXPI	NXP SEMICONDUCTORS NV	15,000	$1.696M	0.3%	$95.18	+4.1%	COM	N6596X109
AIN	ALBANY INTL CORP CL A	22,908	$1.315M	0.3%	$32.27	+49.9%	COM	012348108
SATS	ECHOSTAR CORP A	19,610	$1.122M	0.2%	$39.77	+19.9%	COM	278768106
CRM	SALESFORCE.COM INC	12,000	$1.121M	0.2%	$90.89	0.0%	COM	79466L302
—	VMWARE INC CLASS A	10,000	$1.092M	0.2%	$109.20	—	COM	928563402
—	FOREST CITY REALTY TRUST A	37,359	$953K	0.2%	$21.21	—	COM	345605109
—	CALPINE CORPORATION	59,421	$876K	0.2%	$14.74	—	COM	131347304
MGRC	MCGRATH RENTCORP	19,487	$853K	0.2%	$34.09	+12.4%	COM	580589109
—	DELTIC TIMBER CORP	8,485	$750K	0.2%	$68.64	—	COM	247850100
TGS	TRANSPORTADOR GAS SUR SP B	36,176	$735K	0.1%	$16.89	—	ADR	893870204
—	SYNOVUS FINANCIAL CORP	15,943	$734K	0.1%	$24.13	—	COM	87161C501
VRTS	VIRTUS INVESTMENT PARTNERS	6,184	$718K	0.1%	$59.85	+45.4%	COM	92828Q109
KAI	KADANT INC	7,193	$709K	0.1%	$35.46	+125.7%	COM	48282T104
PRI	PRIMERICA INC	8,670	$707K	0.1%	$48.71	+60.3%	COM	74164M108
MUSA	MURPHY USA INC	10,035	$692K	0.1%	$57.44	+17.7%	COM	626755102
AIZ	ASSURANT INC	6,531	$624K	0.1%	$53.23	+59.7%	COM	04621X108
—	MFA FINANCIAL INC	69,822	$612K	0.1%	$7.62	—	COM	55272X102
—	CONTINENTAL BUILDING PRODUCT	23,435	$609K	0.1%	$23.92	—	COM	211171103
—	COLONY NORTHSTAR INC CLASS A	48,348	$607K	0.1%	$12.91	—	COM	19625W104
ENIC	ENERSIS CHILE SA ADR W I	100,000	$600K	0.1%	$6.00	—	ADR	29278D105
NPO	ENPRO INDUSTRIES INC	7,246	$584K	0.1%	$67.28	+8.5%	COM	29355X107
—	VANECK VECTORS EGYPT INDEX E	20,000	$583K	0.1%	$29.15	—	COM	92189F775
NXST	NEXSTAR MEDIA GROUP INC	9,153	$570K	0.1%	$42.32	+15.3%	COM	65336K103
PARR	PAR PACIFIC HOLDINGS INC	27,206	$566K	0.1%	$18.16	-0.2%	COM	69888T207
SSD	SIMPSON MANUFACTURING CO INC	11,211	$550K	0.1%	$39.14	+4.4%	COM	829073105
—	DENNYS CORPORATION	41,721	$519K	0.1%	$7.69	—	COM	24869P104
ARCC	AREC CAPITAL CORP	29,944	$491K	0.1%	$7.44	-2.1%	COM	04010L103
NBHC	NATIONAL BANK HOLD CL A	13,710	$489K	0.1%	$26.23	+3.5%	COM	633707104
CTS	CTS CORP	20,037	$483K	0.1%	$16.53	+30.2%	COM	126501105
—	REGIS CORP	31,697	$452K	0.1%	$12.54	—	COM	758932107
—	CORE MARK HOLDING CO INC	13,814	$444K	0.1%	$50.05	—	COM	218681104
BR	BROADRIDGE FINANCIAL SOLUTIO	5,464	$442K	0.1%	$33.89	+97.3%	COM	11133T103
MMS	MAXIMUS INC	6,527	$421K	0.1%	$52.59	+16.6%	COM	577933104
—	PROVIDENCE SERVICE CORP	7,705	$417K	0.1%	$49.64	—	COM	743815102
USFD	US FOODS HOLDING CORP	15,554	$415K	0.1%	$28.45	-3.7%	COM	912008109
—	NEENAH PAPER INC	4,835	$414K	0.1%	$54.93	—	COM	640079109
—	NATIONAL GENERAL HLDGS	21,629	$413K	0.1%	$19.64	—	COM	636220303
—	LORAL SPACE & COMMUNICATIONS	8,288	$410K	0.1%	$39.60	—	COM	543881106
TFSL	TFS FINANCIAL CORP	24,510	$395K	0.1%	$7.25	+19.0%	COM	87240R107
—	ALTISOURCE RESIDENTI CL B WI	34,985	$389K	0.1%	$14.98	—	COM	02153W100
FSS	FEDERAL SIGNAL CORP	17,022	$362K	0.1%	$14.17	+22.3%	COM	313855108
TGNA	TEGNA INC	25,662	$342K	0.1%	$14.82	-9.5%	COM	87901J105
BKU	BANKUNITED INC	9,434	$336K	0.1%	$25.85	0.0%	COM	06652K103
XHR	XENIA HOTELS and RESORTS INC	15,571	$328K	0.1%	$19.43	—	COM	984017103
OCFC	OCEANFIRST FINANCIAL CORP	11,527	$317K	0.1%	$13.00	+45.5%	COM	675234108
RNST	RENASANT CORP	7,193	$309K	0.1%	$30.71	+34.1%	COM	75970E107
CLW	CLEARWATER PAPER CORP	6,260	$308K	0.1%	$65.51	-28.6%	COM	18538R103
—	CAPITAL BANK FINANCIAL CL A	7,489	$307K	0.1%	$32.36	—	COM	139794101
CASY	CASEYS GENERAL STORES INC	2,567	$281K	0.1%	$64.98	+54.1%	COM	147528103
—	DIGITALGLOBE INC	7,922	$279K	0.1%	$25.91	—	COM	25389M877
—	LIBERTY VENTURES SER A	4,652	$268K	0.1%	$57.61	—	COM	53071M856
—	DST SYSTEMS INC	4,840	$266K	0.1%	$87.13	—	COM	233326107
EZA	ISHARES MSCI SOUTH AFRICA IN	4,514	$265K	0.1%	$58.71	—	COM	464286780
ATNI	ATLANTIC TELE NETWORK INC	4,859	$256K	0.1%	$58.88	-16.7%	COM	00215F107
—	PACIFIC PREMIER BANCORP INC	6,138	$232K	0.0%	$35.35	—	COM	69478X105
SGU	STAR GROUP LP	14,124	$160K	0.0%	$10.19	+5.7%	COM	85512C105