| VEA Vanguard Ftse Developed ETF | 13.45% | 361,160 | $19.1M | No change |
| VWO Vanguard Ftse Emerging Marke | 7.98% | 236,630 | $11.3M | No change |
| IVE iShares S&P 500 Value ETF | 7.21% | 51,905 | $10.2M | No change |
| GDX Vaneck Gold Miners ETF | 6.58% | 234,305 | $9.3M | No change |
| MTN Vail Resorts Inc. | 6.14% | 50,000 | $8.7M | New |
| IVV iShares Core S&P 500 ETF | 6.09% | 14,989 | $8.6M | No change |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 4.76% | 50,000 | $6.8M | Add +138.1% |
| KRE SS SPDR S&P Regional Bank | 4.58% | 114,700 | $6.5M | No change |
| IBB iShares Biotechnology ETF | 4.45% | 43,395 | $6.3M | No change |
| CMP Compass Minerals Internation | 4.28% | 505,000 | $6.1M | New |
| PLD Prologis Inc. | 3.77% | 42,405 | $5.4M | No change |
| RTO Rentokil Initial PLC-SP ADR | 3.16% | 180,000 | $4.5M | New |
| VB Vanguard Most SM-Cap ETF-Usd | 3.16% | 18,910 | $4.5M | No change |
| ARE Alexandria Real Estate Equit | 3.12% | 37,230 | $4.4M | No change |
| IWC iShares Micro-Cap ETF | 3.08% | 35,385 | $4.4M | No change |
| AVB Avalonbay Communities Inc. | 2.59% | 16,330 | $3.7M | Reduce -60.6% |
| XBI SS SPDR S&P Biotech ETF | 2.18% | 31,300 | $3.1M | No change |
| EWZ iShares MSCI Brazil ETF | 1.69% | 81,300 | $2.4M | No change |
| BUR Burford Capital Ltd. | 1.68% | 180,000 | $2.4M | Add +50.0% |
| EWW iShares MSCI Mexico ETF | 1.58% | 41,850 | $2.2M | No change |
| EPAM Epam Systems Inc. | 1.40% | 10,000 | $2.0M | New |
| BXP BXP Inc. | 1.23% | 21,735 | $1.7M | No change |
| CRGY Crescent Energy Inc. Class A | 1.21% | 156,166 | $1.7M | No change |
| EWT iShares MSCI Taiwan ETF | 1.04% | 27,435 | $1.5M | No change |
| EWJ iShares MSCI Japan ETF | 1.01% | 20,100 | $1.4M | No change |
| GXC State Street SPDR S&P China | 0.97% | 16,750 | $1.4M | No change |
| EWY iShares MSCI South Korea ETF | 0.91% | 20,155 | $1.3M | No change |
| NML Neuberger Energy Infrastruct | 0.67% | 115,872 | $950K | No change |