Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICVT	ISHARES CONVERTIBLE BOND ETF	1,450,000	$86.32M	30.3%	$53.57	—	ETF	46435G102
SHW	SHERWIN-WILLIAMS CO/THE	73,370	$33.63M	11.8%	$135.02	+4.4%	COM	824348106
EWZ	ISHARES MSCI BRAZIL ETF	664,500	$29.05M	10.2%	$42.81	—	ETF	464286400
XLV	HEALTH CARE SELECT SECTOR	150,000	$13.9M	4.9%	$92.64	—	ETF	81369Y209
META	FACEBOOK INC-CLASS A	60,000	$11.58M	4.1%	$181.44	0.0%	COM	30303M102
IBB	ISHARES NASDAQ BIOTECHNOLOGY E	100,000	$10.91M	3.8%	$109.10	—	ETF	464287556
COPX	GLOBAL X COPPER MINERS ETF	412,041	$8.57M	3.0%	$25.09	—	ETF	37954Y830
VLUE	ISHARES EDGE MSCI USA VALUE	100,000	$8.119M	2.8%	$81.19	—	ETF	46432F388
IHI	ISHARES U.S. MEDICAL DEVICES E	21,000	$5.055M	1.8%	$205.22	—	ETF	464288810
MSFT	MICROSOFT CORP	35,000	$4.689M	1.6%	$102.29	+16.8%	COM	594918104
AMZN	AMAZON.COM INC	2,400	$4.545M	1.6%	$83.22	+11.9%	COM	023135106
NKE	NIKE INC -CL B	50,300	$4.223M	1.5%	$72.56	+6.2%	COM	654106103
GOOG	ALPHABET INC-CL C	3,400	$3.675M	1.3%	$55.69	+2.8%	COM	02079K107
PAM	PAMPA ENERGIA SA-SPON ADR	70,000	$2.427M	0.9%	$30.62	—	ADR	697660207
PINS	PINTEREST INC- CLASS A	79,532	$2.165M	0.8%	$27.32	0.0%	COM	72352L106
BA	BOEING CO/THE	5,838	$2.125M	0.7%	$357.24	0.0%	COM	097023105
TGS	TRANSPORTADOR GAS SUR-SP B	135,000	$1.952M	0.7%	$13.16	—	ADR	893870204
—	XILINX INC	16,500	$1.946M	0.7%	$126.80	—	COM	983919101
BMA	BANCO MACRO SA-ADR	25,000	$1.821M	0.6%	$56.58	—	ADR	05961W105
AIN	ALBANY INTL CORP-CL A	20,525	$1.702M	0.6%	$39.18	+76.1%	COM	012348108
SUPV	GRUPO SUPERVIELLE SA-SP ADR	185,000	$1.458M	0.5%	$6.08	—	ADR	40054A108
EDN	EMP DISTRIB Y COMERC NOR-ADR	79,320	$1.44M	0.5%	$19.60	—	ADR	29244A102
—	EXTENDED STAY AMERICA INC	84,441	$1.426M	0.5%	$19.70	—	COM	30224P200
EXP	EAGLE MATERIALS INC	14,805	$1.372M	0.5%	$69.36	+23.0%	COM	26969P108
NXST	NEXSTAR MEDIA GROUP INC-CL A	12,347	$1.247M	0.4%	$49.88	+76.2%	COM	65336K103
AIZ	ASSURANT INC	10,349	$1.101M	0.4%	$63.96	+37.0%	COM	04621X108
FTDR	FRONTDOOR INC	25,000	$1.089M	0.4%	$30.54	+25.7%	COM	35905A109
VRTS	VIRTUS INVESTMENT PARTNERS	9,756	$1.048M	0.4%	$72.27	+24.1%	COM	92828Q109
MGRC	MCGRATH RENTCORP	16,398	$1.019M	0.4%	$38.10	+56.9%	COM	580589109
—	GCI LIBERTY INC - CLASS A	16,325	$1.003M	0.4%	$50.19	—	COM	36164V305
WAFD	WASHINGTON FEDERAL INC	27,973	$977K	0.3%	$27.13	-4.2%	COM	938824109
—	MRC GLOBAL INC	56,894	$974K	0.3%	$19.81	—	COM	55345K103
—	DENNY'S CORP	46,937	$964K	0.3%	$10.10	—	COM	24869P104
PRI	PRIMERICA INC	7,899	$947K	0.3%	$60.99	+103.0%	COM	74164M108
EPRT	ESSENTIAL PROPERTIES REALTY	46,443	$931K	0.3%	$13.84	—	COM	29670E107
MMS	MAXIMUS INC	12,323	$894K	0.3%	$59.89	+21.1%	COM	577933104
SATS	ECHOSTAR CORP-A	19,710	$874K	0.3%	$41.70	-20.1%	COM	278768106
KAI	KADANT INC	9,500	$863K	0.3%	$49.73	+73.3%	COM	48282T104
—	PACIFIC PREMIER BANCORP INC	27,402	$846K	0.3%	$34.51	—	COM	69478X105
XHR	XENIA HOTELS & RESORTS INC	39,285	$819K	0.3%	$20.31	—	COM	984017103
SSD	SIMPSON MANUFACTURING CO INC	12,030	$800K	0.3%	$45.69	+31.5%	COM	829073105
MWA	MUELLER WATER PRODUCTS INC-A	81,088	$796K	0.3%	$9.86	-9.5%	COM	624758108
CEPU	CENTRAL PUERTO-SPONSORED ADR	85,000	$788K	0.3%	$9.20	—	ADR	155038201
—	MFA FINANCIAL INC	108,827	$781K	0.3%	$7.68	—	COM	55272X102
—	NATIONAL GENERAL HLDGS	33,411	$766K	0.3%	$20.25	—	COM	636220303
NBHC	NATIONAL BANK HOLD-CL A	19,923	$723K	0.3%	$26.79	+13.4%	COM	633707104
OCFC	OCEANFIRST FINANCIAL CORP	29,029	$721K	0.3%	$17.66	+5.4%	COM	675234108
—	MAGELLAN HEALTH INC	9,673	$718K	0.3%	$83.79	—	COM	559079207
SPB	SPECTRUM BRANDS HOLDINGS INC	13,334	$717K	0.3%	$79.88	-25.6%	COM	84790A105
GGAL	GRUPO FINANCIERO GALICIA-ADR	20,000	$710K	0.2%	$25.50	—	ADR	399909100
LOMA	LOMA NEGRA CIA IND-SPON ADR	60,476	$708K	0.2%	$10.96	—	ADR	54150E104
DLX	DELUXE CORP	17,204	$700K	0.2%	$30.22	-0.4%	COM	248019101
—	PROVIDENCE SERVICE CORP	12,021	$689K	0.2%	$54.50	—	COM	743815102
—	CABOT MICROELECTRONICS CORP	6,142	$676K	0.2%	$111.39	—	COM	12709P103
—	TRISTATE CAPITAL HLDGS INC	31,466	$671K	0.2%	$22.85	—	COM	89678F100
ARCC	ARES CAPITAL CORP	36,510	$655K	0.2%	$7.47	+25.7%	COM	04010L103
BBDC	BARINGS BDC INC	66,142	$651K	0.2%	$5.27	+0.1%	COM	06759L103
—	REGIS CORP	38,663	$642K	0.2%	$13.67	—	COM	758932107
MUSA	MURPHY USA INC	7,614	$640K	0.2%	$64.64	+25.9%	COM	626755102
RNST	RENASANT CORP	17,459	$627K	0.2%	$35.29	-0.3%	COM	75970E107
—	RIVIERA RESOURCES INC	49,063	$623K	0.2%	$13.98	—	COM	76964R104
—	HUDSON LTD-CLASS A	41,311	$570K	0.2%	$19.67	—	COM	G46408103
TFSL	TFS FINANCIAL CORP	30,539	$552K	0.2%	$7.73	+34.7%	COM	87240R107
FSS	FEDERAL SIGNAL CORP	19,208	$514K	0.2%	$16.63	+49.5%	COM	313855108
TV	GRUPO TELEVISA SA-SPON ADR	60,000	$506K	0.2%	$11.06	—	ADR	40049J206
DKS	DICK'S SPORTING GOODS INC	14,568	$504K	0.2%	$28.19	+5.6%	COM	253393102
DBI	DESIGNER BRANDS INC-CLASS A	26,214	$503K	0.2%	$21.81	-21.0%	COM	250565108
TFIN	TRIUMPH BANCORP INC	16,961	$493K	0.2%	$34.19	-12.8%	COM	89679E300
—	LORAL SPACE & COMMUNICATIONS	13,766	$475K	0.2%	$40.93	—	COM	543881106
—	BBVA ARGENTINA SA-ADR	40,000	$453K	0.2%	$11.32	—	ADR	07329M100
CPF	CENTRAL PACIFIC FINANCIAL CO	14,912	$447K	0.2%	$21.44	+1.5%	COM	154760409
—	CORE-MARK HOLDING CO INC	11,047	$439K	0.2%	$38.07	—	COM	218681104
—	SMART GLOBAL HOLDINGS INC	18,162	$418K	0.1%	$27.02	—	COM	G8232Y101
REX	REX AMERICAN RESOURCES CORP	5,599	$408K	0.1%	$13.37	-2.1%	COM	761624105
—	WADDELL & REED FINANCIAL-A	21,823	$364K	0.1%	$18.10	—	COM	930059100
—	CONTINENTAL BUILDING PRODUCT	13,280	$353K	0.1%	$26.58	—	COM	211171103
SGU	STAR GROUP LP	34,792	$348K	0.1%	$10.08	-3.6%	COM	85512C105
CRAI	CRA INTERNATIONAL INC	8,955	$343K	0.1%	$44.26	-11.4%	COM	12618T105
PGC	PEAPACK GLADSTONE FINL CORP	11,841	$333K	0.1%	$26.18	+0.7%	COM	704699107
—	SOUTH MOUNTAIN MERGER CORP	29,438	$294K	0.1%	$9.99	—	COM	838884203
CTS	CTS CORP	9,198	$254K	0.1%	$19.36	+44.3%	COM	126501105
PRSU	VIAD CORP	3,201	$212K	0.1%	$61.26	0.0%	COM	92552R406
—	LYDALL INC	9,786	$198K	0.1%	$23.50	—	COM	550819106
—	LANDMARK INFRASTRUCTURE PART	11,540	$194K	0.1%	$16.46	—	COM	51508J108
CNTY	CENTURY CASINOS INC	20,007	$194K	0.1%	$8.00	+14.5%	COM	156492100
WSBC	WESBANCO INC	4,962	$191K	0.1%	$40.26	-4.4%	COM	950810101
—	NEENAH INC	2,739	$185K	0.1%	$64.26	—	COM	640079109
—	HOWARD BANCORP INC	11,015	$167K	0.1%	$18.01	—	COM	442496105
—	TILE SHOP HLDGS INC	34,481	$138K	0.0%	$5.55	—	COM	88677Q109
—	NESCO HOLDINGS INC	10,864	$111K	0.0%	$10.22	—	COM	64083J104
—	CONS TOMOKA LAND CO-FLORIDA	1,723	$103K	0.0%	$59.20	—	COM	210226106
CULP	CULP INC	5,019	$95,000	0.0%	$17.10	0.0%	COM	230215105
NGS	NATURAL GAS SERVICES GROUP	5,404	$89,000	0.0%	$17.65	-8.1%	COM	63886Q109