Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	DOW CHEMICAL CO/THE	118,400	$5.02B	11.9%	$42400.00	—	COM	260543103
—	GENERAL ELECTRIC CO	186,600	$4.706B	11.1%	$26377.56	—	COM	369604103
—	PNC FINANCIAL SERVICES-CW18	185,674	$4.527B	10.7%	$15100.00	—	WTS	693475121
—	TWENTY-FIRST CENTURY FOX-A	130,000	$3.507B	8.3%	$26980.00	—	COM	90130A101
CMCSA	COMCAST CORP-CLASS A	60,000	$3.413B	8.1%	$23.34	0.0%	COM	20030N101
XLE	ENERGY SELECT SECTOR SPDR	39,000	$2.387B	5.6%	$76614.00	—	ETF	81369Y506
—	COMERICA INC-CW18	184,400	$2.305B	5.4%	$13700.00	—	WTS	200340115
SJM	JM SMUCKER CO/THE	14,410	$1.644B	3.9%	$81.72	0.0%	COM	832696405
—	GENERAL ELECTRIC CO	1,500	$1.519B	3.6%	$26377.56	—	Put	369604103
—	CAPITAL ONE FINANCIAL C-CW18	25,000	$793M	1.9%	$24230.00	—	WTS	14040H139
—	DOW CHEMICAL CO/THE	1,000	$763M	1.8%	$42400.00	—	Put	260543103
—	CHIMERA INVESTMENT CORP	56,000	$749M	1.8%	$3140.00	—	COM	16934Q208
C	CITIGROUP INC	10,300	$511M	1.2%	$37.60	+8.4%	COM	172967424
BIDU	BAIDU INC - SPON ADR	3,700	$508M	1.2%	$185745.95	—	COM	056752108
BABA	ALIBABA GROUP HOLDING-SP ADR	8,600	$507M	1.2%	$76851.40	—	COM	01609W102
MSFT	MICROSOFT CORP	9,500	$420M	1.0%	$38.92	0.0%	COM	594918104
—	MARKET VECTORS GOLD MINERS	29,400	$404M	1.0%	$13740.00	—	ETF	57060U100
WFC	WELLS FARGO & CO	7,800	$401M	0.9%	$33.67	+22.0%	COM	949746101
JPM	JPMORGAN CHASE & CO	6,200	$378M	0.9%	$40.32	+23.0%	COM	46625H100
BAC	BANK OF AMERICA CORP	24,200	$377M	0.9%	$12.08	+11.3%	COM	060505104
XLB	MATERIALS SELECT SECTOR SPDR	9,300	$371M	0.9%	$39920.00	—	ETF	81369Y100
—	PRICELINE GROUP INC/THE	300	$371M	0.9%	$1236860.00	—	COM	741503403
ABBV	ABBVIE INC	6,400	$348M	0.8%	$42.52	0.0%	COM	00287Y109
NTES	NETEASE INC-ADR	2,800	$336M	0.8%	$144865.00	—	COM	64110W102
—	VISTA OUTDOOR INC	7,200	$320M	0.8%	$42820.00	—	COM	928377100
AIG	AMERICAN INTERNATIONAL GROUP	5,500	$313M	0.7%	$47.19	0.0%	COM	026874784
—	GANNETT CO INC	20,950	$309M	0.7%	$14729.98	—	COM	36473H104
—	TCF FINANCIAL CORP-CW18	144,200	$299M	0.7%	$2020.00	—	WTS	872275128
—	KLX INC	8,150	$291M	0.7%	$40219.14	—	COM	482539103
ENR	ENERGIZER HOLDINGS INC	7,100	$275M	0.6%	$28.77	0.0%	COM	29272W109
QCOM	QUALCOMM INC	5,100	$274M	0.6%	$44.14	0.0%	COM	747525103
EZA	ISHARES MSCI SOUTH AFRICA ET	5,000	$268M	0.6%	$53680.00	—	ETF	464286780
BLD	TOPBUILD CORP	8,500	$263M	0.6%	$30.95	0.0%	COM	89055F103
UE	URBAN EDGE PROPERTIES	12,000	$259M	0.6%	$23700.00	—	COM	91704F104
CABO	CABLE ONE INC	600	$252M	0.6%	$366.69	0.0%	COM	12685J105
—	BAXALTA INC	7,600	$239M	0.6%	$31510.00	—	COM	07177M103
PYPL	PAYPAL HOLDINGS INC	7,200	$223M	0.5%	$35.85	0.0%	COM	70450Y103
INCY	INCYTE CORP	1,974	$218M	0.5%	$112.12	0.0%	COM	45337C102
IBM	INTL BUSINESS MACHINES CORP	1,500	$217M	0.5%	$95.35	0.0%	COM	459200101
AZO	AUTOZONE INC	300	$217M	0.5%	$708.37	0.0%	COM	053332102
EWW	ISHARES MSCI MEXICO CAPPED	4,200	$217M	0.5%	$51560.00	—	ETF	464286822
—	BARNES & NOBLE EDUCATION INC	16,700	$212M	0.5%	$12710.00	—	COM	06777U101
JBL	JABIL CIRCUIT INC	9,200	$206M	0.5%	$18.27	0.0%	COM	466313103
—	CTRIP.COM INTERNATIONAL-ADR	3,200	$202M	0.5%	$72620.00	—	COM	22943F100
—	CARE CAPITAL PROPERTIES INC	6,100	$201M	0.5%	$32930.00	—	COM	141624106
—	INVESCO MORTGAGE CAPITAL	15,000	$184M	0.4%	$16497.78	—	COM	46131B100
—	TALEN ENERGY CORP	13,000	$131M	0.3%	$15748.00	—	COM	87422J105
CC	CHEMOURS CO/THE	15,800	$102M	0.2%	$7.40	0.0%	COM	163851108
—	SUPERVALU INC	11,600	$83.29M	0.2%	$9505.69	—	COM	868536103
—	JA SOLAR HOLDINGS CO LTD-ADR	10,200	$79.56M	0.2%	$7800.00	—	COM	466090206
—	SIGMA DESIGNS INC	10,300	$70.97M	0.2%	$6890.00	—	COM	826565103
—	COWEN GROUP INC-CLASS A	15,100	$68.86M	0.2%	$4560.00	—	COM	223622101
—	PRECISION DRILLING CORP	12,100	$45.01M	0.1%	$3720.00	—	COM	74022D308
—	SANOFI CVR	75,800	$14.42M	0.0%	$1900.00	—	COM	80105N113
—	VALLEY NATIONAL BANCORP-CW18	76,000	$10.76M	0.0%	$700.00	—	WTS	919794131
—	MOLYCORP INC	85,000	$6.171M	0.0%	$90.50	—	COM	608753109
—	QUIKSILVER INC	100,000	$1.96M	0.0%	$19.60	—	COM	74838C106