Historical Stock Holdings

Seth Klarman - Baupost Group

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$3.5 B LBTYK
Liberty Global Ltd CL C
26.10% of portfolio
 		WTW
Willis Towers Watson plc
14.97% of portfolio
 		CLVT
Clarivate Plc
7.89% of portfolio
 		GOOG
Alphabet Inc. CL C
6.99% of portfolio
 		CRH
CRH plc
6.98% of portfolio
 		WCC
WESCO International Inc.
6.03% of portfolio
 		DG
Dollar General
5.56% of portfolio
 		LBTYA
Liberty Global Ltd CL A
4.33% of portfolio
 		VSAT
Viasat Inc.
4.17% of portfolio
 		EXP
Eagle Materials Inc.
4.11% of portfolio
 		SOLV
Solventum Corp
3.62% of portfolio
 		GDS
GDS Holdings Ltd
2.47% of portfolio
 		FIS
Fidelity National Information Services
2.32% of portfolio
 		J
Jacobs Solutions Inc.
1.31% of portfolio
 		FTRE
Fortrea Holdings Inc
1.31% of portfolio
 		HLF
Herbalife Nutrition Ltd.
1.05% of portfolio
 		LBRDK
Liberty Broadband Corp. CL C
0.38% of portfolio
 		TBN
Tamboran Resources Corp
0.33% of portfolio
 		QSR
Restaurant Brands International
0.06% of portfolio
 		LBRDA
Liberty Broadband Corp. CL A
0.02% of portfolio
2024   Q2$3.53 B LBTYK
Liberty Global Ltd CL C
21.39% of portfolio
 		WTW
Willis Towers Watson plc
12.27% of portfolio
 		CRH
CRH plc
8.98% of portfolio
 		FIS
Fidelity National Information Services
7.49% of portfolio
 		CLVT
Clarivate Plc
6.27% of portfolio
 		GOOG
Alphabet Inc. CL C
5.56% of portfolio
 		VSAT
Viasat Inc.
4.95% of portfolio
 		HUM
Humana Inc.
4.44% of portfolio
 		JAZZ
Jazz Pharmaceuticals plc
3.85% of portfolio
 		WCC
WESCO International Inc.
3.61% of portfolio
 		LBTYA
Liberty Global Ltd CL A
3.55% of portfolio
 		SOLV
Solventum Corp
2.73% of portfolio
 		WSC
WillScot Mobile Mini Hldgs Corp.
2.63% of portfolio
 		EXP
Eagle Materials Inc.
2.11% of portfolio
 		FTRE
Fortrea Holdings Inc
2.08% of portfolio
 		J
Jacobs Solutions Inc.
1.96% of portfolio
 		HLF
Herbalife Nutrition Ltd.
1.51% of portfolio
 		GDS
GDS Holdings Ltd
1.12% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.01% of portfolio
 		CPRI
Capri Holdings Ltd
0.94% of portfolio
2024   Q1$3.55 B LBTYK
Liberty Global Ltd CL C
21.03% of portfolio
 		GOOG
Alphabet Inc. CL C
12.69% of portfolio
 		WTW
Willis Towers Watson plc
12.06% of portfolio
 		FIS
Fidelity National Information Services
11.66% of portfolio
 		VSAT
Viasat Inc.
7.66% of portfolio
 		CRH
CRH plc
6.59% of portfolio
 		CLVT
Clarivate Plc
6.41% of portfolio
 		LSXMK
Liberty SiriusXM Series C
3.64% of portfolio
 		LBTYA
Liberty Global Ltd CL A
3.43% of portfolio
 		JAZZ
Jazz Pharmaceuticals plc
2.83% of portfolio
 		LSXMA
Liberty SiriusXM Series A
2.24% of portfolio
 		J
Jacobs Solutions Inc.
2.20% of portfolio
 		EXP
Eagle Materials Inc.
2.01% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.67% of portfolio
 		WCC
WESCO International Inc.
0.99% of portfolio
 		WBD
Warner Bros. Discovery Inc.
0.91% of portfolio
 		HLF
Herbalife Nutrition Ltd.
0.64% of portfolio
 		GDS
GDS Holdings Ltd
0.49% of portfolio
 		ATUS
Altice USA, Inc.
0.35% of portfolio
 		FTRE
Fortrea Holdings Inc
0.34% of portfolio
2023   Q4$4.59 B LBTYK
Liberty Global Ltd CL C
17.20% of portfolio
 		VSAT
Viasat Inc.
9.86% of portfolio
 		LSXMK
Liberty SiriusXM Series C
9.32% of portfolio
 		GOOG
Alphabet Inc. CL C
9.07% of portfolio
 		FIS
Fidelity National Information Services
8.33% of portfolio
 		WTW
Willis Towers Watson plc
8.18% of portfolio
 		WBD
Warner Bros. Discovery Inc.
6.26% of portfolio
 		CLVT
Clarivate Plc
5.15% of portfolio
 		LSXMA
Liberty SiriusXM Series A
5.13% of portfolio
 		CRH
CRH plc
5.05% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.79% of portfolio
 		JAZZ
Jazz Pharmaceuticals plc
2.24% of portfolio
 		J
Jacobs Solutions Inc.
2.06% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.82% of portfolio
 		TSEM
Tower Semiconductor Ltd.
1.80% of portfolio
 		LLYVA
Liberty Media Corp. Series A Live
1.51% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
1.37% of portfolio
 		GTN
Gray Television Inc.
0.73% of portfolio
 		GTX
Garrett Motion Inc.
0.63% of portfolio
 		LLYVK
Liberty Media Corp. Series C Live
0.59% of portfolio
2023   Q3$5.14 B LBTYK
Liberty Global Ltd CL C
15.27% of portfolio
 		VRTV-OLD
Veritiv Corp.
10.92% of portfolio
 		GOOG
Alphabet Inc. CL C
9.82% of portfolio
 		FIS
Fidelity National Information Services
7.48% of portfolio
 		LSXMK
Liberty SiriusXM Series C
7.35% of portfolio
 		WTW
Willis Towers Watson plc
6.32% of portfolio
 		VSAT
Viasat Inc.
5.81% of portfolio
 		WBD
Warner Bros. Discovery Inc.
5.33% of portfolio
 		LSXMA
Liberty SiriusXM Series A
4.05% of portfolio
 		CRH
CRH plc
3.56% of portfolio
 		CLVT
Clarivate Plc
2.94% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.39% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
2.35% of portfolio
 		DG
Dollar General
1.91% of portfolio
 		QRVO
Qorvo Inc.
1.74% of portfolio
 		JAZZ
Jazz Pharmaceuticals plc
1.70% of portfolio
 		TSEM
Tower Semiconductor Ltd.
1.36% of portfolio
 		J
Jacobs Solutions Inc.
1.29% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.24% of portfolio
 		LLYVA
Liberty Media Corp. Series A Live
1.23% of portfolio
2023   Q2$5.53 B LBTYK
Liberty Global Ltd CL C
14.46% of portfolio
 		VSAT
Viasat Inc.
12.15% of portfolio
 		GOOG
Alphabet Inc. CL C
9.01% of portfolio
 		LSXMK
Liberty SiriusXM Series C
8.79% of portfolio
 		VRTV-OLD
Veritiv Corp.
7.55% of portfolio
 		FIS
Fidelity National Information Services
6.70% of portfolio
 		WBD
Warner Bros. Discovery Inc.
5.72% of portfolio
 		LSXMA
Liberty SiriusXM Series A
4.85% of portfolio
 		QRVO
Qorvo Inc.
4.83% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
4.08% of portfolio
 		WTW
Willis Towers Watson plc
3.84% of portfolio
 		GTX
Garrett Motion Inc.
3.57% of portfolio
 		EDU
New Oriental Education & Technology
2.94% of portfolio
 		AMZN
Amazon.com Inc.
2.27% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.19% of portfolio
 		JAZZ
Jazz Pharmaceuticals plc
1.51% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.39% of portfolio
 		DG
Dollar General
0.74% of portfolio
 		STX
Seagate Technology
0.67% of portfolio
 		UNP
Union Pacific
0.65% of portfolio
2023   Q1$5.59 B LBTYK
Liberty Global Ltd CL C
17.31% of portfolio
 		GOOG
Alphabet Inc. CL C
10.88% of portfolio
 		VSAT
Viasat Inc.
9.86% of portfolio
 		QRVO
Qorvo Inc.
8.44% of portfolio
 		VRTV-OLD
Veritiv Corp.
8.03% of portfolio
 		LSXMK
Liberty SiriusXM Series C
7.43% of portfolio
 		WBD
Warner Bros. Discovery Inc.
6.81% of portfolio
 		FIS
Fidelity National Information Services
4.70% of portfolio
 		LSXMA
Liberty SiriusXM Series A
4.11% of portfolio
 		EDU
New Oriental Education & Technology
3.74% of portfolio
 		WTW
Willis Towers Watson plc
3.57% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
3.31% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.51% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.02% of portfolio
 		SWKS
Skyworks Solutions Inc.
1.48% of portfolio
 		JAZZ
Jazz Pharmaceuticals plc
1.25% of portfolio
 		FI
Fiserv Inc.
1.08% of portfolio
 		GTN
Gray Television Inc.
0.59% of portfolio
 		HLF
Herbalife Nutrition Ltd.
0.56% of portfolio
 		GTX
Garrett Motion Inc.
0.49% of portfolio
2022   Q4$5.89 B LBTYK
Liberty Global Ltd CL C
15.67% of portfolio
 		LSXMK
Liberty SiriusXM Series C
9.07% of portfolio
 		QRVO
Qorvo Inc.
8.82% of portfolio
 		VSAT
Viasat Inc.
8.75% of portfolio
 		VRTV-OLD
Veritiv Corp.
6.87% of portfolio
 		GOOG
Alphabet Inc. CL C
6.02% of portfolio
 		WTW
Willis Towers Watson plc
5.32% of portfolio
 		LSXMA
Liberty SiriusXM Series A
5.12% of portfolio
 		WBD
Warner Bros. Discovery Inc.
4.99% of portfolio
 		META
Meta Platforms Inc.
3.53% of portfolio
 		FI
Fiserv Inc.
3.44% of portfolio
 		EDU
New Oriental Education & Technology
3.42% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
3.33% of portfolio
 		MU
Micron Technology Inc.
2.79% of portfolio
 		FIS
Fidelity National Information Services
2.48% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.31% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.18% of portfolio
 		AMZN
Amazon.com Inc.
1.41% of portfolio
 		LAD
Lithia Motors Inc.
0.87% of portfolio
 		GTN
Gray Television Inc.
0.67% of portfolio
2022   Q3$5.61 B LBTYK
Liberty Global Ltd CL C
14.07% of portfolio
 		QRVO
Qorvo Inc.
9.59% of portfolio
 		LSXMK
Liberty SiriusXM Series C
9.26% of portfolio
 		VSAT
Viasat Inc.
8.77% of portfolio
 		VRTV-OLD
Veritiv Corp.
5.99% of portfolio
 		WBD
Warner Bros. Discovery Inc.
5.94% of portfolio
 		FI
Fiserv Inc.
5.89% of portfolio
 		LSXMA
Liberty SiriusXM Series A
5.21% of portfolio
 		WTW
Willis Towers Watson plc
4.60% of portfolio
 		EDU
New Oriental Education & Technology
3.28% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
3.21% of portfolio
 		MU
Micron Technology Inc.
2.93% of portfolio
 		DBX
Dropbox Inc.
2.89% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.42% of portfolio
 		EHC
Encompass Health Corp.
2.38% of portfolio
 		GOOG
Alphabet Inc. CL C
2.36% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.00% of portfolio
 		META
Meta Platforms Inc.
1.67% of portfolio
 		LAD
Lithia Motors Inc.
0.96% of portfolio
 		LFG-OLD
Archaea Energy Inc.
0.91% of portfolio
2022   Q2$6.53 B LBTYK
Liberty Global Ltd CL C
16.37% of portfolio
 		QRVO
Qorvo Inc.
10.06% of portfolio
 		VSAT
Viasat Inc.
7.64% of portfolio
 		LSXMK
Liberty SiriusXM Series C
7.31% of portfolio
 		VRTV-OLD
Veritiv Corp.
5.92% of portfolio
 		GOOG
Alphabet Inc. CL C
5.65% of portfolio
 		INTC
Intel Corp.
5.00% of portfolio
 		FI
Fiserv Inc.
4.81% of portfolio
 		LSXMA
Liberty SiriusXM Series A
4.04% of portfolio
 		WBD
Warner Bros. Discovery Inc.
3.70% of portfolio
 		WTW
Willis Towers Watson plc
2.80% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
2.63% of portfolio
 		EHC
Encompass Health Corp.
2.53% of portfolio
 		DBX
Dropbox Inc.
2.51% of portfolio
 		EDU
New Oriental Education & Technology
2.49% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.32% of portfolio
 		MU
Micron Technology Inc.
2.32% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.86% of portfolio
 		META
Meta Platforms Inc.
1.70% of portfolio
 		DBRG
DigitalBridge Group Inc.
0.98% of portfolio
2022   Q1$9.06 B LBTYK
Liberty Global Ltd CL C
15.43% of portfolio
 		QRVO
Qorvo Inc.
9.10% of portfolio
 		INTC
Intel Corp.
9.07% of portfolio
 		VSAT
Viasat Inc.
8.77% of portfolio
 		GOOG
Alphabet Inc. CL C
7.52% of portfolio
 		LSXMK
Liberty SiriusXM Series C
5.63% of portfolio
 		VRTV-OLD
Veritiv Corp.
5.25% of portfolio
 		FI
Fiserv Inc.
4.46% of portfolio
 		WTW
Willis Towers Watson plc
3.21% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
3.12% of portfolio
 		LSXMA
Liberty SiriusXM Series A
2.83% of portfolio
 		DBX
Dropbox Inc.
2.71% of portfolio
 		MU
Micron Technology Inc.
2.67% of portfolio
 		NXST
Nexstar Media Group
2.39% of portfolio
 		META
Meta Platforms Inc.
2.38% of portfolio
 		EHC
Encompass Health Corp.
2.35% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.16% of portfolio
 		DBRG
DigitalBridge Group Inc.
1.46% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.44% of portfolio
 		VRNT
Verint Systems Inc.
1.26% of portfolio
2021   Q4$9.89 B LBTYK
Liberty Global Ltd CL C
15.34% of portfolio
 		QRVO
Qorvo Inc.
9.41% of portfolio
 		INTC
Intel Corp.
9.40% of portfolio
 		VSAT
Viasat Inc.
7.34% of portfolio
 		GOOG
Alphabet Inc. CL C
6.68% of portfolio
 		LSXMK
Liberty SiriusXM Series C
5.41% of portfolio
 		VRTV-OLD
Veritiv Corp.
4.42% of portfolio
 		META
Meta Platforms Inc.
3.35% of portfolio
 		FI
Fiserv Inc.
3.20% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
3.17% of portfolio
 		MU
Micron Technology Inc.
3.06% of portfolio
 		WTW
Willis Towers Watson plc
3.00% of portfolio
 		NXST
Nexstar Media Group
2.62% of portfolio
 		LSXMA
Liberty SiriusXM Series A
2.56% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.15% of portfolio
 		DBX
Dropbox Inc.
2.01% of portfolio
 		VRNT
Verint Systems Inc.
1.99% of portfolio
 		DBRG
DigitalBridge Group Inc.
1.93% of portfolio
 		PSTH-OLD
Pershing Square Tontine Holdings Ltd
1.91% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.53% of portfolio
2021   Q3$10.6 B LBTYK
Liberty Global Ltd CL C
14.95% of portfolio
 		INTC
Intel Corp.
9.89% of portfolio
 		VSAT
Viasat Inc.
8.43% of portfolio
 		QRVO
Qorvo Inc.
7.99% of portfolio
 		GOOG
Alphabet Inc. CL C
7.29% of portfolio
 		META
Meta Platforms Inc.
4.94% of portfolio
 		MU
Micron Technology Inc.
4.78% of portfolio
 		LSXMK
Liberty SiriusXM Series C
4.05% of portfolio
 		EBAY
eBay Inc.
3.92% of portfolio
 		VRTV-OLD
Veritiv Corp.
3.00% of portfolio
 		NXST
Nexstar Media Group
2.92% of portfolio
 		DBX
Dropbox Inc.
2.55% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
2.49% of portfolio
 		WTW
Willis Towers Watson plc
2.19% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.14% of portfolio
 		LSXMA
Liberty SiriusXM Series A
1.95% of portfolio
 		PSTH-OLD
Pershing Square Tontine Holdings Ltd
1.77% of portfolio
 		IFF
International Flavors & Fragrances Inc.
1.56% of portfolio
 		VRNT
Verint Systems Inc.
1.49% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.43% of portfolio
2021   Q2$12.3 B LBTYK
Liberty Global Ltd CL C
11.87% of portfolio
 		INTC
Intel Corp.
9.93% of portfolio
 		EBAY
eBay Inc.
8.50% of portfolio
 		QRVO
Qorvo Inc.
8.49% of portfolio
 		VSAT
Viasat Inc.
6.60% of portfolio
 		GOOG
Alphabet Inc. CL C
5.93% of portfolio
 		MU
Micron Technology Inc.
4.95% of portfolio
 		META
Meta Platforms Inc.
4.37% of portfolio
 		TBIO
Translate Bio Inc.
4.01% of portfolio
 		WTW
Willis Towers Watson plc
3.54% of portfolio
 		IFF
International Flavors & Fragrances Inc.
2.55% of portfolio
 		PCG
PG&E Corp.
2.54% of portfolio
 		NXST
Nexstar Media Group
2.46% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.45% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
1.94% of portfolio
 		PSTH-OLD
Pershing Square Tontine Holdings Ltd
1.87% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.78% of portfolio
 		SJR-OLD
Shaw Communications Inc.
1.77% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.69% of portfolio
 		DBRG
DigitalBridge Group Inc.
1.47% of portfolio
2021   Q1$12.5 B INTC
Intel Corp.
11.91% of portfolio
 		LBTYK
Liberty Global Ltd CL C
11.12% of portfolio
 		EBAY
eBay Inc.
8.96% of portfolio
 		QRVO
Qorvo Inc.
7.62% of portfolio
 		VSAT
Viasat Inc.
6.25% of portfolio
 		GOOG
Alphabet Inc. CL C
4.80% of portfolio
 		WTW
Willis Towers Watson plc
4.57% of portfolio
 		MU
Micron Technology Inc.
3.82% of portfolio
 		META
Meta Platforms Inc.
3.05% of portfolio
 		PCG
PG&E Corp.
2.87% of portfolio
 		PSTH-OLD
Pershing Square Tontine Holdings Ltd
2.44% of portfolio
 		TBIO
Translate Bio Inc.
2.36% of portfolio
 		IFF
International Flavors & Fragrances Inc.
2.34% of portfolio
 		NXST
Nexstar Media Group
2.34% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.28% of portfolio
 		FOXA
Fox Corporation
2.19% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
2.12% of portfolio
 		FOX
Fox Corporation CL B
1.58% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.57% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.42% of portfolio
2020   Q4$10.8 B EBAY
eBay Inc.
14.47% of portfolio
 		LBTYK
Liberty Global Ltd CL C
11.94% of portfolio
 		INTC
Intel Corp.
8.38% of portfolio
 		QRVO
Qorvo Inc.
6.83% of portfolio
 		FOXA
Fox Corporation
5.98% of portfolio
 		VSAT
Viasat Inc.
4.92% of portfolio
 		MU
Micron Technology Inc.
3.63% of portfolio
 		PCG
PG&E Corp.
3.53% of portfolio
 		PSTH-OLD
Pershing Square Tontine Holdings Ltd
3.26% of portfolio
 		TBIO
Translate Bio Inc.
3.02% of portfolio
 		MPC
Marathon Petroleum Corp.
2.94% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.61% of portfolio
 		META
Meta Platforms Inc.
2.33% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
2.23% of portfolio
 		NXST
Nexstar Media Group
2.11% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.72% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.65% of portfolio
 		PARA
Paramount Global CL B
1.62% of portfolio
 		FOX
Fox Corporation CL B
1.52% of portfolio
 		ADV
Advantage Solutions Inc.
1.49% of portfolio
2020   Q3$9.23 B EBAY
eBay Inc.
17.01% of portfolio
 		LBTYK
Liberty Global Ltd CL C
12.14% of portfolio
 		FOXA
Fox Corporation
8.14% of portfolio
 		VSAT
Viasat Inc.
6.07% of portfolio
 		PARA
Paramount Global CL B
5.72% of portfolio
 		PSTH-OLD
Pershing Square Tontine Holdings Ltd
4.30% of portfolio
 		QRVO
Qorvo Inc.
4.14% of portfolio
 		PCG
PG&E Corp.
3.12% of portfolio
 		HDS
HD Supply Holdings
3.05% of portfolio
 		HPQ
HP Inc.
2.74% of portfolio
 		MCK
McKesson Corp.
2.69% of portfolio
 		MU
Micron Technology Inc.
2.66% of portfolio
 		TBIO
Translate Bio Inc.
2.63% of portfolio
 		GOOG
Alphabet Inc. CL C
2.46% of portfolio
 		LSXMK
Liberty SiriusXM Series C
2.09% of portfolio
 		NXST
Nexstar Media Group
2.03% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
1.99% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.74% of portfolio
 		FOX
Fox Corporation CL B
1.72% of portfolio
 		META
Meta Platforms Inc.
1.60% of portfolio
2020   Q2$7.98 B EBAY
eBay Inc.
21.08% of portfolio
 		LBTYK
Liberty Global Ltd CL C
14.70% of portfolio
 		FOXA
Fox Corporation
9.18% of portfolio
 		VSAT
Viasat Inc.
6.60% of portfolio
 		PARA
Paramount Global CL B
5.50% of portfolio
 		QRVO
Qorvo Inc.
4.24% of portfolio
 		TBIO
Translate Bio Inc.
4.00% of portfolio
 		HPQ
HP Inc.
3.93% of portfolio
 		GOOG
Alphabet Inc. CL C
3.80% of portfolio
 		MCK
McKesson Corp.
3.21% of portfolio
 		HDS
HD Supply Holdings
2.87% of portfolio
 		AKBA
Akebia Therapeutics Inc.
2.55% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.45% of portfolio
 		META
Meta Platforms Inc.
2.42% of portfolio
 		NXST
Nexstar Media Group
2.19% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.10% of portfolio
 		FOX
Fox Corporation CL B
1.91% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.81% of portfolio
 		HCA
HCA Healthcare Inc.
1.22% of portfolio
 		DBRG
DigitalBridge Group Inc.
0.77% of portfolio
2020   Q1$6.75 B EBAY
eBay Inc.
14.30% of portfolio
 		LBTYK
Liberty Global Ltd CL C
12.51% of portfolio
 		FOXA
Fox Corporation
9.57% of portfolio
 		VSAT
Viasat Inc.
7.31% of portfolio
 		GOOG
Alphabet Inc. CL C
5.18% of portfolio
 		HPQ
HP Inc.
5.15% of portfolio
 		META
Meta Platforms Inc.
4.91% of portfolio
 		PARA
Paramount Global CL B
4.67% of portfolio
 		LNG
Cheniere Energy Inc.
4.03% of portfolio
 		QRVO
Qorvo Inc.
3.66% of portfolio
 		MCK
McKesson Corp.
3.35% of portfolio
 		TBPH
Theravance Biopharma Inc.
3.19% of portfolio
 		HDS
HD Supply Holdings
2.62% of portfolio
 		TBIO
Translate Bio Inc.
2.54% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.97% of portfolio
 		FOX
Fox Corporation CL B
1.93% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.87% of portfolio
 		NXST
Nexstar Media Group
1.78% of portfolio
 		PCG
PG&E Corp.
1.29% of portfolio
 		DBRG
DigitalBridge Group Inc.
1.29% of portfolio
2019   Q4$8.6 B LBTYK
Liberty Global Ltd CL C
13.27% of portfolio
 		FOXA
Fox Corporation
11.77% of portfolio
 		VSAT
Viasat Inc.
11.68% of portfolio
 		EBAY
eBay Inc.
8.39% of portfolio
 		PARA
Paramount Global CL B
8.29% of portfolio
 		LNG
Cheniere Energy Inc.
7.20% of portfolio
 		QRVO
Qorvo Inc.
3.72% of portfolio
 		BMY
Bristol-Myers Squibb
2.98% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.80% of portfolio
 		DBRG
DigitalBridge Group Inc.
2.74% of portfolio
 		NXST
Nexstar Media Group
2.73% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
2.68% of portfolio
 		MCK
McKesson Corp.
2.57% of portfolio
 		FOX
Fox Corporation CL B
2.40% of portfolio
 		PCG
PG&E Corp.
2.39% of portfolio
 		HPQ
HP Inc.
2.39% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.02% of portfolio
 		TBIO
Translate Bio Inc.
1.64% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.59% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.44% of portfolio
2019   Q3$8.5 B LBTYK
Liberty Global Ltd CL C
12.30% of portfolio
 		VSAT
Viasat Inc.
12.17% of portfolio
 		FOXA
Fox Corporation
10.14% of portfolio
 		EBAY
eBay Inc.
7.63% of portfolio
 		LNG
Cheniere Energy Inc.
7.52% of portfolio
 		BMY
Bristol-Myers Squibb
5.97% of portfolio
 		CBS
CBS Corp.
5.70% of portfolio
 		QRVO
Qorvo Inc.
4.96% of portfolio
 		DBRG
DigitalBridge Group Inc.
3.52% of portfolio
 		PCG
PG&E Corp.
2.88% of portfolio
 		NXST
Nexstar Media Group
2.41% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
2.32% of portfolio
 		LBTYA
Liberty Global Ltd CL A
2.23% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.13% of portfolio
 		FOX
Fox Corporation CL B
2.11% of portfolio
 		MCK
McKesson Corp.
2.10% of portfolio
 		TBIO
Translate Bio Inc.
2.03% of portfolio
 		SYF
Synchrony Financial
2.01% of portfolio
 		TAK
Takeda Pharmaceutical Co. Ltd
1.91% of portfolio
 		NUAN-OLD
Nuance Communications Inc.
1.58% of portfolio
2019   Q2$10.7 B LBTYK
Liberty Global Ltd CL C
10.37% of portfolio
 		VSAT
Viasat Inc.
10.35% of portfolio
 		FOXA
Fox Corporation
9.33% of portfolio
 		EBAY
eBay Inc.
8.89% of portfolio
 		LNG
Cheniere Energy Inc.
6.81% of portfolio
 		AGN
Allergan Plc
5.74% of portfolio
 		BMY
Bristol-Myers Squibb
5.50% of portfolio
 		QRVO
Qorvo Inc.
5.39% of portfolio
 		PCG
PG&E Corp.
5.24% of portfolio
 		CBS
CBS Corp.
4.65% of portfolio
 		MCK
McKesson Corp.
3.25% of portfolio
 		SYF
Synchrony Financial
2.99% of portfolio
 		DBRG
DigitalBridge Group Inc.
2.32% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
1.95% of portfolio
 		FOX
Fox Corporation CL B
1.93% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.87% of portfolio
 		COR
Cencora Inc.
1.76% of portfolio
 		TAK
Takeda Pharmaceutical Co. Ltd
1.56% of portfolio
 		AR
Antero Resources
1.47% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.42% of portfolio
2019   Q1$11.5 B EBAY
eBay Inc.
9.42% of portfolio
 		VSAT
Viasat Inc.
9.22% of portfolio
 		FOXA
Fox Corporation
8.69% of portfolio
 		LBTYK
Liberty Global Ltd CL C
8.20% of portfolio
 		LNG
Cheniere Energy Inc.
7.47% of portfolio
 		QRVO
Qorvo Inc.
6.58% of portfolio
 		AGN
Allergan Plc
6.05% of portfolio
 		SYF
Synchrony Financial
3.94% of portfolio
 		PCG
PG&E Corp.
3.78% of portfolio
 		CBS
CBS Corp.
3.52% of portfolio
 		CELG
Celgene Corp.
3.27% of portfolio
 		MCK
McKesson Corp.
2.85% of portfolio
 		PXD-OLD
Pioneer Natural Resources
2.64% of portfolio
 		DBRG
DigitalBridge Group Inc.
2.29% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
2.20% of portfolio
 		AR
Antero Resources
2.19% of portfolio
 		TAK
Takeda Pharmaceutical Co. Ltd
1.88% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.83% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
1.82% of portfolio
 		FOX
Fox Corporation CL B
1.77% of portfolio
2018   Q4$11.1 B FOXA
Fox Corporation
22.17% of portfolio
 		LNG
Cheniere Energy Inc.
7.55% of portfolio
 		FOX
Fox Corporation CL B
7.32% of portfolio
 		VSAT
Viasat Inc.
7.27% of portfolio
 		QRVO
Qorvo Inc.
5.83% of portfolio
 		AGN
Allergan Plc
5.71% of portfolio
 		LBTYK
Liberty Global Ltd CL C
5.52% of portfolio
 		PXD-OLD
Pioneer Natural Resources
5.32% of portfolio
 		EBAY
eBay Inc.
5.30% of portfolio
 		PCG
PG&E Corp.
3.30% of portfolio
 		SYF
Synchrony Financial
3.07% of portfolio
 		AR
Antero Resources
2.41% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.14% of portfolio
 		DBRG
DigitalBridge Group Inc.
2.09% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.95% of portfolio
 		MCK
McKesson Corp.
1.71% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
1.51% of portfolio
 		COR
Cencora Inc.
1.35% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.22% of portfolio
 		CBS
CBS Corp.
1.00% of portfolio
2018   Q3$12.7 B FOXA
Fox Corporation
18.95% of portfolio
 		LNG
Cheniere Energy Inc.
7.76% of portfolio
 		AGN
Allergan Plc
7.42% of portfolio
 		VSAT
Viasat Inc.
6.91% of portfolio
 		PCG
PG&E Corp.
6.87% of portfolio
 		QRVO
Qorvo Inc.
6.65% of portfolio
 		FOX
Fox Corporation CL B
6.24% of portfolio
 		PXD-OLD
Pioneer Natural Resources
5.48% of portfolio
 		SYF
Synchrony Financial
3.99% of portfolio
 		AR
Antero Resources
3.70% of portfolio
 		LBTYK
Liberty Global Ltd CL C
2.39% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.39% of portfolio
 		DBRG
DigitalBridge Group Inc.
2.38% of portfolio
 		MCK
McKesson Corp.
2.27% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
2.03% of portfolio
 		CAH
Cardinal Health Inc.
2.01% of portfolio
 		COR
Cencora Inc.
2.00% of portfolio
 		TRCO
Tribune Media Co.
1.81% of portfolio
 		AABA
Altaba Inc.
1.51% of portfolio
 		LBTYA
Liberty Global Ltd CL A
1.13% of portfolio
2018   Q2$11.1 B FOXA
Fox Corporation
17.64% of portfolio
 		SYF
Synchrony Financial
8.81% of portfolio
 		LNG
Cheniere Energy Inc.
8.34% of portfolio
 		VSAT
Viasat Inc.
8.13% of portfolio
 		QRVO
Qorvo Inc.
7.94% of portfolio
 		AGN
Allergan Plc
7.43% of portfolio
 		PXD-OLD
Pioneer Natural Resources
6.82% of portfolio
 		FOX
Fox Corporation CL B
6.04% of portfolio
 		AR
Antero Resources
5.11% of portfolio
 		DBRG
DigitalBridge Group Inc.
2.79% of portfolio
 		T
AT&T Inc.
2.74% of portfolio
 		CAH
Cardinal Health Inc.
2.24% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
2.07% of portfolio
 		MCK
McKesson Corp.
1.96% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.90% of portfolio
 		PCG
PG&E Corp.
1.73% of portfolio
 		COR
Cencora Inc.
1.44% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.37% of portfolio
 		TRCO
Tribune Media Co.
1.03% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
0.87% of portfolio
2018   Q1$10.3 B LNG
Cheniere Energy Inc.
10.77% of portfolio
 		SYF
Synchrony Financial
9.55% of portfolio
 		FOXA
Fox Corporation
9.48% of portfolio
 		VSAT
Viasat Inc.
8.73% of portfolio
 		AGN
Allergan Plc
7.77% of portfolio
 		QRVO
Qorvo Inc.
7.53% of portfolio
 		TWX
Time Warner Inc.
7.45% of portfolio
 		PXD-OLD
Pioneer Natural Resources
6.68% of portfolio
 		AR
Antero Resources
5.13% of portfolio
 		FOX
Fox Corporation CL B
4.04% of portfolio
 		CAH
Cardinal Health Inc.
3.11% of portfolio
 		CLNS
Colony NorthStar Inc.
2.71% of portfolio
 		PBF
PBF Energy Inc.
2.61% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
2.37% of portfolio
 		MCK
McKesson Corp.
2.21% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.19% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.46% of portfolio
 		PCG
PG&E Corp.
1.35% of portfolio
 		COR
Cencora Inc.
1.10% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.03% of portfolio
2017   Q4$10.1 B SYF
Synchrony Financial
11.22% of portfolio
 		LNG
Cheniere Energy Inc.
11.07% of portfolio
 		VSAT
Viasat Inc.
9.77% of portfolio
 		FOXA
Fox Corporation
7.63% of portfolio
 		TWX
Time Warner Inc.
7.35% of portfolio
 		AGN
Allergan Plc
7.30% of portfolio
 		QRVO
Qorvo Inc.
7.27% of portfolio
 		CLNS
Colony NorthStar Inc.
5.42% of portfolio
 		AR
Antero Resources
4.66% of portfolio
 		PBF
PBF Energy Inc.
3.84% of portfolio
 		FOX
Fox Corporation CL B
3.56% of portfolio
 		PXD-OLD
Pioneer Natural Resources
3.43% of portfolio
 		CAH
Cardinal Health Inc.
3.10% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.58% of portfolio
 		MCK
McKesson Corp.
2.10% of portfolio
 		ESRX
Express Scripts
1.71% of portfolio
 		COR
Cencora Inc.
1.31% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.19% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.04% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
0.96% of portfolio
2017   Q3$7.99 B LNG
Cheniere Energy Inc.
11.69% of portfolio
 		SYF
Synchrony Financial
11.39% of portfolio
 		VSAT
Viasat Inc.
10.60% of portfolio
 		QRVO
Qorvo Inc.
7.97% of portfolio
 		AGN
Allergan Plc
7.61% of portfolio
 		CLNS
Colony NorthStar Inc.
7.53% of portfolio
 		FOXA
Fox Corporation
6.32% of portfolio
 		AR
Antero Resources
5.96% of portfolio
 		PBF
PBF Energy Inc.
5.44% of portfolio
 		TBPH
Theravance Biopharma Inc.
3.99% of portfolio
 		DVMT-OLD
Dell Technologies Inc. old
2.95% of portfolio
 		FOX
Fox Corporation CL B
2.38% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
2.29% of portfolio
 		CAH
Cardinal Health Inc.
2.12% of portfolio
 		ESRX
Express Scripts
2.03% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.24% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.11% of portfolio
 		MCK
McKesson Corp.
0.96% of portfolio
 		PRTK-OLD
Paratek Pharmaceuticals
0.75% of portfolio
 		IMOS
ChipMOS TECH
0.74% of portfolio
2017   Q2$8.7 B LNG
Cheniere Energy Inc.
11.61% of portfolio
 		SYF
Synchrony Financial
10.04% of portfolio
 		VSAT
Viasat Inc.
10.02% of portfolio
 		CLNS
Colony NorthStar Inc.
7.76% of portfolio
 		AGN
Allergan Plc
6.80% of portfolio
 		QRVO
Qorvo Inc.
6.55% of portfolio
 		FOXA
Fox Corporation
6.24% of portfolio
 		AR
Antero Resources
5.26% of portfolio
 		TBPH
Theravance Biopharma Inc.
4.25% of portfolio
 		PBF
PBF Energy Inc.
4.02% of portfolio
 		DVMT-OLD
Dell Technologies Inc. old
3.97% of portfolio
 		QCOM
QUALCOMM Inc.
3.31% of portfolio
 		FOX
Fox Corporation CL B
2.33% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
2.14% of portfolio
 		ESRX
Express Scripts
1.88% of portfolio
 		CAH
Cardinal Health Inc.
1.82% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.58% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.49% of portfolio
 		CAR
Avis Budget Group Inc.
1.25% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
0.86% of portfolio
2017   Q1$8.43 B LNG
Cheniere Energy Inc.
12.18% of portfolio
 		VSAT
Viasat Inc.
9.96% of portfolio
 		FOXA
Fox Corporation
7.35% of portfolio
 		CLNS
Colony NorthStar Inc.
7.33% of portfolio
 		SYF
Synchrony Financial
7.18% of portfolio
 		AGN
Allergan Plc
6.89% of portfolio
 		QRVO
Qorvo Inc.
5.84% of portfolio
 		DVMT-OLD
Dell Technologies Inc. old
4.29% of portfolio
 		PBF
PBF Energy Inc.
4.13% of portfolio
 		TBPH
Theravance Biopharma Inc.
4.05% of portfolio
 		AR
Antero Resources
3.92% of portfolio
 		QCOM
QUALCOMM Inc.
3.55% of portfolio
 		FOX
Fox Corporation CL B
2.74% of portfolio
 		INVA
Innoviva Inc.
1.90% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.88% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.87% of portfolio
 		MCK
McKesson Corp.
1.76% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.42% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.31% of portfolio
 		CAH
Cardinal Health Inc.
1.00% of portfolio
2016   Q4$7.6 B LNG
Cheniere Energy Inc.
11.85% of portfolio
 		VSAT
Viasat Inc.
11.47% of portfolio
 		SYF
Synchrony Financial
9.87% of portfolio
 		AGN
Allergan Plc
9.49% of portfolio
 		FOXA
Fox Corporation
7.06% of portfolio
 		PBF
PBF Energy Inc.
5.77% of portfolio
 		DVMT-OLD
Dell Technologies Inc. old
4.81% of portfolio
 		AR
Antero Resources
4.52% of portfolio
 		TBPH
Theravance Biopharma Inc.
3.89% of portfolio
 		NSAM
Northstar Asset Management Grp
3.67% of portfolio
 		NRF
NorthStar Realty Finance Corp.
2.91% of portfolio
 		FOX
Fox Corporation CL B
2.61% of portfolio
 		VRTV-OLD
Veritiv Corp.
2.15% of portfolio
 		INVA
Innoviva Inc.
2.10% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.99% of portfolio
 		DBRG
DigitalBridge Group Inc.
1.85% of portfolio
 		MCK
McKesson Corp.
1.85% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.06% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.00% of portfolio
 		CAH
Cardinal Health Inc.
0.98% of portfolio
2016   Q3$7 B LNG
Cheniere Energy Inc.
17.35% of portfolio
 		VSAT
Viasat Inc.
12.31% of portfolio
 		SYF
Synchrony Financial
7.03% of portfolio
 		AGN
Allergan Plc
6.59% of portfolio
 		AR
Antero Resources
5.59% of portfolio
 		PBF
PBF Energy Inc.
5.09% of portfolio
 		DVMT-OLD
Dell Technologies Inc. old
4.55% of portfolio
 		FOXA
Fox Corporation
4.41% of portfolio
 		TBPH
Theravance Biopharma Inc.
3.81% of portfolio
 		PYPL
PayPal Holdings Inc.
2.93% of portfolio
 		FOX
Fox Corporation CL B
2.57% of portfolio
 		INVA
Innoviva Inc.
2.35% of portfolio
 		VRTV-OLD
Veritiv Corp.
2.18% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.96% of portfolio
 		NSAM
Northstar Asset Management Grp
1.83% of portfolio
 		OLN
Olin Corp.
1.81% of portfolio
 		VMW-OLD
VMware Inc.
1.68% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.64% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.61% of portfolio
 		LVNTA
Liberty Ventures
1.41% of portfolio
2016   Q2$7.33 B EMC
EMC Corp.
21.12% of portfolio
 		LNG
Cheniere Energy Inc.
15.29% of portfolio
 		VSAT
Viasat Inc.
11.24% of portfolio
 		AGN
Allergan Plc
6.31% of portfolio
 		AR
Antero Resources
5.14% of portfolio
 		OLN
Olin Corp.
3.64% of portfolio
 		PBF
PBF Energy Inc.
3.45% of portfolio
 		C
Citigroup Inc.
2.99% of portfolio
 		FOXA
Fox Corporation
2.84% of portfolio
 		PYPL
PayPal Holdings Inc.
2.82% of portfolio
 		FOX
Fox Corporation CL B
2.71% of portfolio
 		INVA
Innoviva Inc.
2.53% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
2.33% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.28% of portfolio
 		VMW-OLD
VMware Inc.
1.76% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.65% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.56% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.33% of portfolio
 		LVNTA
Liberty Ventures
1.25% of portfolio
 		IMOS
ChipMOS TECH
0.93% of portfolio
2016   Q1$6.87 B EMC
EMC Corp.
20.13% of portfolio
 		LNG
Cheniere Energy Inc.
14.71% of portfolio
 		VSAT
Viasat Inc.
12.34% of portfolio
 		AR
Antero Resources
7.79% of portfolio
 		AGN
Allergan Plc
6.72% of portfolio
 		PBF
PBF Energy Inc.
5.15% of portfolio
 		PYPL
PayPal Holdings Inc.
3.97% of portfolio
 		INVA
Innoviva Inc.
3.63% of portfolio
 		FOXA
Fox Corporation
3.13% of portfolio
 		FOX
Fox Corporation CL B
2.99% of portfolio
 		OLN
Olin Corp.
2.72% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.78% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.75% of portfolio
 		VMW-OLD
VMware Inc.
1.72% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.65% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.49% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.33% of portfolio
 		NG
NovaGold Resources
1.10% of portfolio
 		IMOS
ChipMOS TECH
0.95% of portfolio
 		KLXI
KLX Inc.
0.94% of portfolio
2015   Q4$5.45 B LNG
Cheniere Energy Inc.
17.84% of portfolio
 		EMC
EMC Corp.
13.79% of portfolio
 		VSAT
Viasat Inc.
12.92% of portfolio
 		AR
Antero Resources
7.67% of portfolio
 		PBF
PBF Energy Inc.
7.45% of portfolio
 		PYPL
PayPal Holdings Inc.
7.38% of portfolio
 		INVA
Innoviva Inc.
3.83% of portfolio
 		FOX
Fox Corporation CL B
3.26% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
2.60% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
2.39% of portfolio
 		OLN
Olin Corp.
2.22% of portfolio
 		FOXA
Fox Corporation
2.04% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.93% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.92% of portfolio
 		FWP-OLD
Forward Pharma A/S
1.87% of portfolio
 		NG
NovaGold Resources
1.47% of portfolio
 		IMOS
ChipMOS TECH
1.36% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
1.21% of portfolio
 		KLXI
KLX Inc.
1.13% of portfolio
 		FTR
Frontier Communications Corp.
0.94% of portfolio
2015   Q3$5.94 B LNG
Cheniere Energy Inc.
18.43% of portfolio
 		VSAT
Viasat Inc.
12.48% of portfolio
 		AA
Alcoa Corp.
8.50% of portfolio
 		PXD-OLD
Pioneer Natural Resources
8.47% of portfolio
 		AR
Antero Resources
5.73% of portfolio
 		PYPL
PayPal Holdings Inc.
5.70% of portfolio
 		PBF
PBF Energy Inc.
5.24% of portfolio
 		EBAY
eBay Inc.
3.83% of portfolio
 		FOX
Fox Corporation CL B
2.97% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
2.84% of portfolio
 		INVA
Innoviva Inc.
2.40% of portfolio
 		FWP-OLD
Forward Pharma A/S
2.13% of portfolio
 		OLN
Olin Corp.
1.98% of portfolio
 		FOXA
Fox Corporation
1.86% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.75% of portfolio
 		AER
AerCap Holdings N.V.
1.58% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
1.49% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.42% of portfolio
 		NG
NovaGold Resources
1.32% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.19% of portfolio
2015   Q2$5.92 B LNG
Cheniere Energy Inc.
17.97% of portfolio
 		VSAT
Viasat Inc.
11.74% of portfolio
 		PXD-OLD
Pioneer Natural Resources
9.52% of portfolio
 		EBAY
eBay Inc.
9.48% of portfolio
 		MU
Micron Technology Inc.
6.27% of portfolio
 		INVA
Innoviva Inc.
6.05% of portfolio
 		PBF
PBF Energy Inc.
5.29% of portfolio
 		AR
Antero Resources
4.65% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
4.35% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
4.29% of portfolio
 		FWP-OLD
Forward Pharma A/S
3.45% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
2.42% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.53% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.41% of portfolio
 		ONIT
Onity Group Inc.
1.32% of portfolio
 		C.WS.A
Citigroup WTS A
1.28% of portfolio
 		NG
NovaGold Resources
1.25% of portfolio
 		IMOS
ChipMOS TECH
1.21% of portfolio
 		FTR
Frontier Communications Corp.
1.13% of portfolio
 		KLXI
KLX Inc.
1.12% of portfolio
2015   Q1$5.81 B LNG
Cheniere Energy Inc.
18.40% of portfolio
 		VSAT
Viasat Inc.
11.84% of portfolio
 		EBAY
eBay Inc.
9.25% of portfolio
 		MU
Micron Technology Inc.
9.21% of portfolio
 		PXD-OLD
Pioneer Natural Resources
8.92% of portfolio
 		AR
Antero Resources
5.68% of portfolio
 		INVA
Innoviva Inc.
5.36% of portfolio
 		PBF
PBF Energy Inc.
5.06% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
4.91% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
3.51% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
3.32% of portfolio
 		FWP-OLD
Forward Pharma A/S
2.62% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.90% of portfolio
 		VRTV-OLD
Veritiv Corp.
1.73% of portfolio
 		IMOS
ChipMOS TECH
1.39% of portfolio
 		ONIT
Onity Group Inc.
1.11% of portfolio
 		NG
NovaGold Resources
1.11% of portfolio
 		KLXI
KLX Inc.
1.00% of portfolio
 		KOS
Kosmos Energy Ltd.
0.99% of portfolio
 		PRTK-OLD
Paratek Pharmaceuticals
0.93% of portfolio
2014   Q4$4.95 B LNG
Cheniere Energy Inc.
19.64% of portfolio
 		VSAT
Viasat Inc.
14.69% of portfolio
 		MU
Micron Technology Inc.
13.94% of portfolio
 		EBAY
eBay Inc.
10.56% of portfolio
 		AR
Antero Resources
6.44% of portfolio
 		INVA
Innoviva Inc.
5.67% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
5.23% of portfolio
 		PBF
PBF Energy Inc.
4.66% of portfolio
 		VRTV-OLD
Veritiv Corp.
2.43% of portfolio
 		FWP-OLD
Forward Pharma A/S
2.26% of portfolio
 		TBPH
Theravance Biopharma Inc.
1.83% of portfolio
 		ONIT
Onity Group Inc.
1.82% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
1.56% of portfolio
 		IMOS
ChipMOS TECH
1.55% of portfolio
 		BXE
Bellatrix Exploration Ltd.
1.33% of portfolio
 		NG
NovaGold Resources
1.29% of portfolio
 		PRTK-OLD
Paratek Pharmaceuticals
1.25% of portfolio
 		KOS
Kosmos Energy Ltd.
1.23% of portfolio
 		ATRA
Atara Biotherapeutics Inc.
1.20% of portfolio
 		ELOS
Syneron Medical Ltd.
0.46% of portfolio
2014   Q3$5.59 B MU
Micron Technology Inc.
31.66% of portfolio
 		LNG
Cheniere Energy Inc.
16.03% of portfolio
 		VSAT
Viasat Inc.
11.37% of portfolio
 		EBAY
eBay Inc.
6.18% of portfolio
 		INVA
Innoviva Inc.
6.06% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
4.50% of portfolio
 		ONIT
Onity Group Inc.
3.28% of portfolio
 		PBF
PBF Energy Inc.
3.07% of portfolio
 		AR
Antero Resources
2.71% of portfolio
 		TBPH
Theravance Biopharma Inc.
2.50% of portfolio
 		VRTV-OLD
Veritiv Corp.
2.12% of portfolio
 		RFMD
RF Micro Devices Inc.
2.01% of portfolio
 		TQNT
TriQuint Semiconductor
2.01% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
1.43% of portfolio
 		IMOS
ChipMOS TECH
1.33% of portfolio
 		NG
NovaGold Resources
1.18% of portfolio
 		KOS
Kosmos Energy Ltd.
0.85% of portfolio
 		ELOS
Syneron Medical Ltd.
0.54% of portfolio
 		KIN
Kindred Biosciences Inc.
0.50% of portfolio
 		PYX
Pyxus International Inc.
0.22% of portfolio
2014   Q2$6.05 B MU
Micron Technology Inc.
28.16% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
21.00% of portfolio
 		VSAT
Viasat Inc.
11.06% of portfolio
 		INVA
Innoviva Inc.
10.05% of portfolio
 		LNG
Cheniere Energy Inc.
7.10% of portfolio
 		EBAY
eBay Inc.
3.67% of portfolio
 		TBPH
Theravance Biopharma Inc.
3.20% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
2.68% of portfolio
 		PBF
PBF Energy Inc.
2.47% of portfolio
 		RFMD
RF Micro Devices Inc.
1.55% of portfolio
 		TQNT
TriQuint Semiconductor
1.54% of portfolio
 		NG
NovaGold Resources
1.51% of portfolio
 		IMOS
ChipMOS TECH
1.31% of portfolio
 		SEMI
SunEdison Semiconductor Ltd.
1.16% of portfolio
 		KOS
Kosmos Energy Ltd.
0.88% of portfolio
 		KIN
Kindred Biosciences Inc.
0.85% of portfolio
 		ELOS
Syneron Medical Ltd.
0.68% of portfolio
 		BYD
Boyd Gaming Corp.
0.56% of portfolio
 		PYX
Pyxus International Inc.
0.26% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
0.12% of portfolio
2014   Q1$4.06 B MU
Micron Technology Inc.
30.13% of portfolio
 		VSAT
Viasat Inc.
19.39% of portfolio
 		INVA
Innoviva Inc.
15.79% of portfolio
 		LNG
Cheniere Energy Inc.
7.72% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
7.47% of portfolio
 		BP
BP plc
3.75% of portfolio
 		PBF
PBF Energy Inc.
3.44% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
2.65% of portfolio
 		NG
NovaGold Resources
1.93% of portfolio
 		IMOS
ChipMOS TECH
1.79% of portfolio
 		RFMD
RF Micro Devices Inc.
1.28% of portfolio
 		KIN
Kindred Biosciences Inc.
1.26% of portfolio
 		TQNT
TriQuint Semiconductor
1.26% of portfolio
 		ELOS
Syneron Medical Ltd.
1.23% of portfolio
 		PYX
Pyxus International Inc.
0.46% of portfolio
 		NCQ
NovaCopper Inc.
0.17% of portfolio
 		ALDW
Alon USA Partners LP
0.14% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
0.14% of portfolio
2013   Q4$3.45 B MU
Micron Technology Inc.
32.58% of portfolio
 		INVA
Innoviva Inc.
20.83% of portfolio
 		VSAT
Viasat Inc.
20.22% of portfolio
 		BP
BP plc
7.99% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
6.40% of portfolio
 		FNF
Fidelity National Financial Inc.
1.86% of portfolio
 		IMOS
ChipMOS TECH
1.83% of portfolio
 		PBF
PBF Energy Inc.
1.80% of portfolio
 		NG
NovaGold Resources
1.60% of portfolio
 		ELOS
Syneron Medical Ltd.
1.43% of portfolio
 		ROVI
Rovi Corp.
1.23% of portfolio
 		KIN
Kindred Biosciences Inc.
0.94% of portfolio
 		PYX
Pyxus International Inc.
0.56% of portfolio
 		NCQ
NovaCopper Inc.
0.22% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
0.20% of portfolio
 		ALDW
Alon USA Partners LP
0.16% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
0.15% of portfolio
2013   Q3$3.4 B MU
Micron Technology Inc.
32.90% of portfolio
 		INVA
Innoviva Inc.
22.27% of portfolio
 		VSAT
Viasat Inc.
20.60% of portfolio
 		BP
BP plc
6.92% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
4.53% of portfolio
 		ROVI
Rovi Corp.
3.48% of portfolio
 		ORCL
Oracle Corp.
2.33% of portfolio
 		IMOS
ChipMOS TECH
1.74% of portfolio
 		NG
NovaGold Resources
1.48% of portfolio
 		ELOS
Syneron Medical Ltd.
1.01% of portfolio
 		PBF
PBF Energy Inc.
0.63% of portfolio
 		PYX
Pyxus International Inc.
0.55% of portfolio
 		CPF
Central Pacific Financial
0.41% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
0.38% of portfolio
 		NCQ
NovaCopper Inc.
0.28% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.26% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
0.23% of portfolio
2013   Q2$3.84 B VSAT
Viasat Inc.
20.46% of portfolio
 		BP
BP plc
20.21% of portfolio
 		INVA
Innoviva Inc.
16.59% of portfolio
 		MU
Micron Technology Inc.
15.48% of portfolio
 		AIG
American International Group
11.78% of portfolio
 		ROVI
Rovi Corp.
3.66% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
2.52% of portfolio
 		ORCL
Oracle Corp.
1.91% of portfolio
 		IMOS
ChipMOS TECH
1.39% of portfolio
 		NG
NovaGold Resources
1.19% of portfolio
 		ELOS
Syneron Medical Ltd.
0.91% of portfolio
 		AUY-OLD
Yamana Gold Inc.
0.81% of portfolio
 		PYX
Pyxus International Inc.
0.76% of portfolio
 		CPF
Central Pacific Financial
0.70% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.46% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
0.40% of portfolio
 		KGC
Kinross Gold Corp.
0.28% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
0.25% of portfolio
 		NCQ
NovaCopper Inc.
0.23% of portfolio
 		PVG-OLD
Pretium Resources Inc.
0.03% of portfolio
2013   Q1$2.93 B BP
BP plc
24.73% of portfolio
 		VSAT
Viasat Inc.
18.16% of portfolio
 		AIG
American International Group
15.68% of portfolio
 		INVA
Innoviva Inc.
10.91% of portfolio
 		ROVI
Rovi Corp.
5.96% of portfolio
 		NWS
News Corp. CL B
4.24% of portfolio
 		ORCL
Oracle Corp.
3.73% of portfolio
 		ELN
Elan Corp. Plc
3.67% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
3.14% of portfolio
 		NG
NovaGold Resources
2.68% of portfolio
 		ELOS
Syneron Medical Ltd.
1.39% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
1.23% of portfolio
 		PYX
Pyxus International Inc.
1.08% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
1.00% of portfolio
 		CPF
Central Pacific Financial
0.96% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.72% of portfolio
 		DTV
DIRECTV Group Inc.
0.40% of portfolio
 		NCQ
NovaCopper Inc.
0.31% of portfolio
2012   Q4$2.99 B BP
BP plc
15.23% of portfolio
 		VSAT
Viasat Inc.
14.32% of portfolio
 		ORCL
Oracle Corp.
11.65% of portfolio
 		NWS
News Corp. CL B
11.43% of portfolio
 		INVA
Innoviva Inc.
10.09% of portfolio
 		AIG
American International Group
8.27% of portfolio
 		NWSA
News Corp.
6.87% of portfolio
 		GNW
Genworth Financial Inc.
3.77% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
3.36% of portfolio
 		NG
NovaGold Resources
3.27% of portfolio
 		ANV
Allied Nevada Gold Corp.
2.88% of portfolio
 		ROVI
Rovi Corp.
2.14% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
1.32% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
1.16% of portfolio
 		ELOS
Syneron Medical Ltd.
1.16% of portfolio
 		PYX
Pyxus International Inc.
1.07% of portfolio
 		CPF
Central Pacific Financial
0.94% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.77% of portfolio
 		NCQ
NovaCopper Inc.
0.30% of portfolio
2012   Q3$3.26 B BP
BP plc
14.65% of portfolio
 		ORCL
Oracle Corp.
13.05% of portfolio
 		VSAT
Viasat Inc.
12.34% of portfolio
 		INVA
Innoviva Inc.
10.79% of portfolio
 		NWSA
News Corp.
9.82% of portfolio
 		HPQ
HP Inc.
7.53% of portfolio
 		NWS
News Corp. CL B
7.36% of portfolio
 		ANV
Allied Nevada Gold Corp.
6.06% of portfolio
 		NG
NovaGold Resources
3.61% of portfolio
 		GNW
Genworth Financial Inc.
2.41% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
1.92% of portfolio
 		ROVI
Rovi Corp.
1.84% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
1.68% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
1.63% of portfolio
 		MSFT
Microsoft Corp.
1.28% of portfolio
 		ELOS
Syneron Medical Ltd.
1.20% of portfolio
 		PYX
Pyxus International Inc.
0.87% of portfolio
 		CPF
Central Pacific Financial
0.79% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.60% of portfolio
 		NCQ
NovaCopper Inc.
0.30% of portfolio
2012   Q2$3.78 B BP
BP plc
14.42% of portfolio
 		HPQ
HP Inc.
14.28% of portfolio
 		ORCL
Oracle Corp.
12.41% of portfolio
 		VSAT
Viasat Inc.
10.62% of portfolio
 		NWSA
News Corp.
8.87% of portfolio
 		INVA
Innoviva Inc.
8.55% of portfolio
 		NWS
News Corp. CL B
6.35% of portfolio
 		MSFT
Microsoft Corp.
5.66% of portfolio
 		ANV
Allied Nevada Gold Corp.
3.79% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
2.72% of portfolio
 		GNW
Genworth Financial Inc.
2.24% of portfolio
 		NG
NovaGold Resources
2.23% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
1.64% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
1.63% of portfolio
 		HES
Hess Corp.
1.15% of portfolio
 		ELOS
Syneron Medical Ltd.
1.10% of portfolio
 		PYX
Pyxus International Inc.
0.80% of portfolio
 		CPF
Central Pacific Financial
0.67% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.49% of portfolio
 		SCMR
Sycamore Networks Inc.
0.20% of portfolio
2012   Q1$2.91 B VSAT
Viasat Inc.
17.43% of portfolio
 		BP
BP plc
14.44% of portfolio
 		HPQ
HP Inc.
14.15% of portfolio
 		NWSA
News Corp.
10.21% of portfolio
 		INVA
Innoviva Inc.
9.77% of portfolio
 		MSFT
Microsoft Corp.
7.77% of portfolio
 		NWS
News Corp. CL B
7.33% of portfolio
 		ANV
Allied Nevada Gold Corp.
4.49% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
2.78% of portfolio
 		NG
NovaGold Resources
2.47% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
2.17% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
2.12% of portfolio
 		ELOS
Syneron Medical Ltd.
1.48% of portfolio
 		PYX
Pyxus International Inc.
1.14% of portfolio
 		CPF
Central Pacific Financial
0.80% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.78% of portfolio
 		SCMR
Sycamore Networks Inc.
0.32% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.22% of portfolio
 		ALR-OLD
Alere Inc.
0.12% of portfolio
2011   Q4$3.28 B BP
BP plc
15.63% of portfolio
 		VSAT
Viasat Inc.
14.76% of portfolio
 		HPQ
HP Inc.
14.72% of portfolio
 		INVA
Innoviva Inc.
9.58% of portfolio
 		MSFT
Microsoft Corp.
9.49% of portfolio
 		NWSA
News Corp.
8.18% of portfolio
 		NWS
News Corp. CL B
5.90% of portfolio
 		ANV
Allied Nevada Gold Corp.
3.70% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
2.67% of portfolio
 		GNW
Genworth Financial Inc.
2.00% of portfolio
 		NG
NovaGold Resources
1.93% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
1.84% of portfolio
 		PDLI
PDL BioPharma Inc.
1.51% of portfolio
 		ALR-OLD
Alere Inc.
1.41% of portfolio
 		ELOS
Syneron Medical Ltd.
1.35% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
1.29% of portfolio
 		CBIO-OLD
Catalyst Biosciences
1.02% of portfolio
 		PYX
Pyxus International Inc.
0.73% of portfolio
 		CPF
Central Pacific Financial
0.71% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.70% of portfolio
2011   Q3$2.97 B BP
BP plc
16.70% of portfolio
 		HPQ
HP Inc.
15.70% of portfolio
 		VSAT
Viasat Inc.
11.79% of portfolio
 		NWSA
News Corp.
10.98% of portfolio
 		MSFT
Microsoft Corp.
10.07% of portfolio
 		INVA
Innoviva Inc.
9.66% of portfolio
 		ANV
Allied Nevada Gold Corp.
4.22% of portfolio
 		PDLI
PDL BioPharma Inc.
2.92% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
2.59% of portfolio
 		NWS
News Corp. CL B
2.25% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
2.14% of portfolio
 		ALR-OLD
Alere Inc.
2.05% of portfolio
 		GNW
Genworth Financial Inc.
1.93% of portfolio
 		BBEP
Breitburn Energy Partners LP
1.47% of portfolio
 		ELOS
Syneron Medical Ltd.
1.34% of portfolio
 		NG
NovaGold Resources
1.09% of portfolio
 		PYX
Pyxus International Inc.
0.72% of portfolio
 		ITRN
Ituran Location & Control Ltd.
0.66% of portfolio
 		CPF
Central Pacific Financial
0.63% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
0.42% of portfolio
2011   Q2$2.35 B VSAT
Viasat Inc.
18.48% of portfolio
 		NWSA
News Corp.
14.33% of portfolio
 		MSFT
Microsoft Corp.
13.26% of portfolio
 		INVA
Innoviva Inc.
12.23% of portfolio
 		BP
BP plc
10.35% of portfolio
 		ANV
Allied Nevada Gold Corp.
5.08% of portfolio
 		ALR-OLD
Alere Inc.
4.82% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
3.88% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
3.84% of portfolio
 		CSE
CapitalSource Inc.
2.86% of portfolio
 		PDLI
PDL BioPharma Inc.
2.31% of portfolio
 		BBEP
Breitburn Energy Partners LP
2.07% of portfolio
 		ELOS
Syneron Medical Ltd.
1.98% of portfolio
 		PYX
Pyxus International Inc.
1.21% of portfolio
 		CPF
Central Pacific Financial
1.07% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.01% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.49% of portfolio
 		IDIX
Idenix Pharmaceuticals Inc.
0.27% of portfolio
 		VOXX
VOXX International Corp.
0.25% of portfolio
 		SCMR
Sycamore Networks Inc.
0.21% of portfolio
2011   Q1$1.71 B VSAT
Viasat Inc.
23.42% of portfolio
 		NWSA
News Corp.
19.59% of portfolio
 		INVA
Innoviva Inc.
18.41% of portfolio
 		ALR-OLD
Alere Inc.
7.10% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
5.74% of portfolio
 		ANV
Allied Nevada Gold Corp.
5.10% of portfolio
 		CSE
CapitalSource Inc.
4.30% of portfolio
 		BBEP
Breitburn Energy Partners LP
3.84% of portfolio
 		PDLI
PDL BioPharma Inc.
3.56% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
2.75% of portfolio
 		PYX
Pyxus International Inc.
2.07% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.48% of portfolio
 		ELOS
Syneron Medical Ltd.
1.14% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.87% of portfolio
 		VOXX
VOXX International Corp.
0.50% of portfolio
 		SCMR
Sycamore Networks Inc.
0.14% of portfolio
2010   Q4$1.68 B VSAT
Viasat Inc.
26.60% of portfolio
 		INVA
Innoviva Inc.
19.42% of portfolio
 		NWSA
News Corp.
16.53% of portfolio
 		CSE
CapitalSource Inc.
6.77% of portfolio
 		ALR-OLD
Alere Inc.
6.76% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
6.57% of portfolio
 		BBEP
Breitburn Energy Partners LP
5.22% of portfolio
 		PYX
Pyxus International Inc.
2.22% of portfolio
 		PDLI
PDL BioPharma Inc.
2.08% of portfolio
 		REGN
Regeneron Pharmaceuticals
1.96% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.79% of portfolio
 		AVEO-OLD
AVEO Pharmaceuticals Inc.
1.74% of portfolio
 		ELOS
Syneron Medical Ltd.
0.91% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.86% of portfolio
 		VOXX
VOXX International Corp.
0.55% of portfolio
2010   Q3$1.61 B VSAT
Viasat Inc.
25.72% of portfolio
 		INVA
Innoviva Inc.
16.26% of portfolio
 		NWSA
News Corp.
15.49% of portfolio
 		BBEP
Breitburn Energy Partners LP
8.14% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
7.27% of portfolio
 		CSE
CapitalSource Inc.
6.74% of portfolio
 		STRZA
Starz
4.04% of portfolio
 		UFS
Domtar Corp.
3.22% of portfolio
 		ALR-OLD
Alere Inc.
2.89% of portfolio
 		SLRC
Solar Capital Ltd.
2.36% of portfolio
 		PYX
Pyxus International Inc.
2.27% of portfolio
 		REGN
Regeneron Pharmaceuticals
1.71% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.54% of portfolio
 		ELOS
Syneron Medical Ltd.
0.93% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.60% of portfolio
 		VOXX
VOXX International Corp.
0.45% of portfolio
 		EGC
Energy XXI Gulf Coast Inc.
0.38% of portfolio
2010   Q2$1.33 B VSAT
Viasat Inc.
24.35% of portfolio
 		NWSA
News Corp.
17.09% of portfolio
 		INVA
Innoviva Inc.
12.26% of portfolio
 		BBEP
Breitburn Energy Partners LP
9.28% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
8.13% of portfolio
 		CSE
CapitalSource Inc.
7.24% of portfolio
 		UFS
Domtar Corp.
6.73% of portfolio
 		ADCT
ADC Telecommunications
3.15% of portfolio
 		SLRC
Solar Capital Ltd.
2.90% of portfolio
 		PYX
Pyxus International Inc.
2.35% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.95% of portfolio
 		STRZA
Starz
1.64% of portfolio
 		ELOS
Syneron Medical Ltd.
1.16% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.88% of portfolio
 		VOXX
VOXX International Corp.
0.58% of portfolio
 		EGC
Energy XXI Gulf Coast Inc.
0.31% of portfolio
2010   Q1$1.64 B NWSA
News Corp.
20.40% of portfolio
 		VSAT
Viasat Inc.
18.43% of portfolio
 		INVA
Innoviva Inc.
10.59% of portfolio
 		UFS
Domtar Corp.
10.55% of portfolio
 		BBEP
Breitburn Energy Partners LP
7.75% of portfolio
 		CSE
CapitalSource Inc.
6.93% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
5.73% of portfolio
 		DTV
DIRECTV Group Inc.
3.34% of portfolio
 		FACT-OLD
Facet Biotech Corp.
3.30% of portfolio
 		PYX
Pyxus International Inc.
2.74% of portfolio
 		SLRC
Solar Capital Ltd.
2.47% of portfolio
 		ADCT
ADC Telecommunications
2.24% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.68% of portfolio
 		STRZA
Starz
1.41% of portfolio
 		ELOS
Syneron Medical Ltd.
1.00% of portfolio
 		VOXX
VOXX International Corp.
0.82% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.62% of portfolio
2009   Q4$1.36 B NWSA
News Corp.
24.71% of portfolio
 		UFS
Domtar Corp.
11.86% of portfolio
 		VSAT
Viasat Inc.
11.53% of portfolio
 		INVA
Innoviva Inc.
9.75% of portfolio
 		BBEP
Breitburn Energy Partners LP
6.64% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
6.28% of portfolio
 		CSE
CapitalSource Inc.
5.94% of portfolio
 		CIT
CIT Group
5.26% of portfolio
 		FACT-OLD
Facet Biotech Corp.
4.54% of portfolio
 		DTV
DIRECTV Group Inc.
3.98% of portfolio
 		PYX
Pyxus International Inc.
3.17% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.63% of portfolio
 		LMDIA
Liberty Media Ent. OLD
1.44% of portfolio
 		ELOS
Syneron Medical Ltd.
1.16% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
1.15% of portfolio
 		VOXX
VOXX International Corp.
0.94% of portfolio
2009   Q3$1.13 B NWSA
News Corp.
25.97% of portfolio
 		INVA
Innoviva Inc.
11.67% of portfolio
 		LMDIA
Liberty Media Ent. OLD
11.59% of portfolio
 		UFS
Domtar Corp.
10.05% of portfolio
 		BBEP
Breitburn Energy Partners LP
8.53% of portfolio
 		VSAT
Viasat Inc.
7.15% of portfolio
 		CSE
CapitalSource Inc.
6.73% of portfolio
 		FACT-OLD
Facet Biotech Corp.
5.35% of portfolio
 		PYX
Pyxus International Inc.
3.48% of portfolio
 		ELOS
Syneron Medical Ltd.
2.11% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.57% of portfolio
 		ENZN
Enzon Pharmaceuticals Inc.
1.51% of portfolio
 		RHIE
RHI Entertainment Inc.
1.35% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
1.18% of portfolio
 		VOXX
VOXX International Corp.
1.09% of portfolio
 		FYR
Sapphire Industrials Corp.
0.25% of portfolio
 		GACQ-OLD
Global Consumer Acquisition Corp.
0.19% of portfolio
 		PAX
Prospect Acquisition Corp.
0.13% of portfolio
 		EST
Enterprise Acquisition Corp.
0.03% of portfolio
 		NLX
OVERTURE ACQUISITION Corp.
0.02% of portfolio
2009   Q2$1.03 B NWSA
News Corp.
21.67% of portfolio
 		CSE
CapitalSource Inc.
14.06% of portfolio
 		INVA
Innoviva Inc.
12.79% of portfolio
 		LMDIA
Liberty Media Ent. OLD
10.90% of portfolio
 		PDLI
PDL BioPharma Inc.
9.67% of portfolio
 		BBEP
Breitburn Energy Partners LP
6.31% of portfolio
 		UFS
Domtar Corp.
5.18% of portfolio
 		FACT-OLD
Facet Biotech Corp.
3.93% of portfolio
 		PYX
Pyxus International Inc.
3.23% of portfolio
 		VSAT
Viasat Inc.
3.05% of portfolio
 		ELOS
Syneron Medical Ltd.
2.15% of portfolio
 		RHIE
RHI Entertainment Inc.
1.51% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.37% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
1.25% of portfolio
 		HRZ
Horizon Lines Inc.
1.11% of portfolio
 		VOXX
VOXX International Corp.
1.09% of portfolio
 		NWS
News Corp. CL B
0.45% of portfolio
 		FYR
Sapphire Industrials Corp.
0.08% of portfolio
 		GHQ
GHL Acquisition Corp.
0.08% of portfolio
 		GACQ-OLD
Global Consumer Acquisition Corp.
0.06% of portfolio
2009   Q1$1.01 B NWSA
News Corp.
18.03% of portfolio
 		INVA
Innoviva Inc.
15.21% of portfolio
 		PDLI
PDL BioPharma Inc.
10.91% of portfolio
 		LMDIA
Liberty Media Ent. OLD
8.22% of portfolio
 		AROC
Archrock Inc.
7.82% of portfolio
 		LINE-OLD
Linn Energy LLC
5.90% of portfolio
 		BBEP
Breitburn Energy Partners LP
5.49% of portfolio
 		FACT-OLD
Facet Biotech Corp.
4.12% of portfolio
 		NWS
News Corp. CL B
4.11% of portfolio
 		UFS
Domtar Corp.
3.82% of portfolio
 		CSE
CapitalSource Inc.
3.60% of portfolio
 		VSAT
Viasat Inc.
2.53% of portfolio
 		PYX
Pyxus International Inc.
2.34% of portfolio
 		ELOS
Syneron Medical Ltd.
1.81% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.29% of portfolio
 		HRZ
Horizon Lines Inc.
1.09% of portfolio
 		OMN
Omnova Solutions
0.93% of portfolio
 		RHIE
RHI Entertainment Inc.
0.74% of portfolio
 		VOXX
VOXX International Corp.
0.65% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
0.55% of portfolio
2008   Q4$1.11 B NWSA
News Corp.
13.89% of portfolio
 		LINE-OLD
Linn Energy LLC
10.80% of portfolio
 		INVA
Innoviva Inc.
10.10% of portfolio
 		AROC
Archrock Inc.
9.47% of portfolio
 		PDLI
PDL BioPharma Inc.
8.01% of portfolio
 		LMDIA
Liberty Media Ent. OLD
6.56% of portfolio
 		BBEP
Breitburn Energy Partners LP
5.19% of portfolio
 		UFS
Domtar Corp.
5.04% of portfolio
 		NWS
News Corp. CL B
4.66% of portfolio
 		IAC
IAC Inc.
3.89% of portfolio
 		RHIE
RHI Entertainment Inc.
2.68% of portfolio
 		VSAT
Viasat Inc.
2.67% of portfolio
 		FACT-OLD
Facet Biotech Corp.
2.40% of portfolio
 		ELOS
Syneron Medical Ltd.
2.32% of portfolio
 		GHQ
GHL Acquisition Corp.
1.83% of portfolio
 		PYX
Pyxus International Inc.
1.63% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
1.47% of portfolio
 		CSE
CapitalSource Inc.
1.43% of portfolio
 		HRZ
Horizon Lines Inc.
1.15% of portfolio
 		ITRN
Ituran Location & Control Ltd.
1.13% of portfolio
2008   Q3$1.63 B NWSA
News Corp.
12.38% of portfolio
 		LINE-OLD
Linn Energy LLC
9.40% of portfolio
 		PDLI
PDL BioPharma Inc.
7.90% of portfolio
 		LMDIA
Liberty Media Ent. OLD
7.35% of portfolio
 		UFS
Domtar Corp.
6.30% of portfolio
 		ELV
Elevance Health Inc.
5.84% of portfolio
 		AROC
Archrock Inc.
5.67% of portfolio
 		BBEP
Breitburn Energy Partners LP
5.63% of portfolio
 		INVA
Innoviva Inc.
4.78% of portfolio
 		IAC
IAC Inc.
3.72% of portfolio
 		RHIE
RHI Entertainment Inc.
3.18% of portfolio
 		FYR
Sapphire Industrials Corp.
3.09% of portfolio
 		ELOS
Syneron Medical Ltd.
2.69% of portfolio
 		APL
Atlas Pipeline Partners LP
2.59% of portfolio
 		HRZ
Horizon Lines Inc.
2.34% of portfolio
 		VSAT
Viasat Inc.
1.77% of portfolio
 		PYX
Pyxus International Inc.
1.43% of portfolio
 		GHQ
GHL Acquisition Corp.
1.32% of portfolio
 		UNH
United Health Group Inc.
1.23% of portfolio
 		NWS
News Corp. CL B
1.19% of portfolio
2008   Q2$1.98 B ELV
Elevance Health Inc.
13.27% of portfolio
 		NWSA
News Corp.
9.34% of portfolio
 		AROC
Archrock Inc.
8.16% of portfolio
 		PDLI
PDL BioPharma Inc.
7.95% of portfolio
 		UNH
United Health Group Inc.
6.18% of portfolio
 		UFS
Domtar Corp.
6.15% of portfolio
 		LINE-OLD
Linn Energy LLC
5.24% of portfolio
 		LMDIA
Liberty Media Ent. OLD
3.91% of portfolio
 		INVA
Innoviva Inc.
3.76% of portfolio
 		HRZ
Horizon Lines Inc.
3.57% of portfolio
 		APL
Atlas Pipeline Partners LP
3.27% of portfolio
 		ELOS
Syneron Medical Ltd.
2.56% of portfolio
 		FYR
Sapphire Industrials Corp.
2.55% of portfolio
 		BGP
Borders Group
1.73% of portfolio
 		GACQ-OLD
Global Consumer Acquisition Corp.
1.38% of portfolio
 		CSE
CapitalSource Inc.
1.29% of portfolio
 		MAQ
Marathon Acquisition Corp.
1.14% of portfolio
 		VSAT
Viasat Inc.
1.14% of portfolio
 		VOXX
VOXX International Corp.
1.08% of portfolio
 		GHQ
GHL Acquisition Corp.
1.06% of portfolio
2008   Q1$1.64 B NWSA
News Corp.
14.09% of portfolio
 		ELV
Elevance Health Inc.
12.01% of portfolio
 		AROC
Archrock Inc.
8.04% of portfolio
 		UFS
Domtar Corp.
7.73% of portfolio
 		LINE-OLD
Linn Energy LLC
6.01% of portfolio
 		HRZ
Horizon Lines Inc.
5.03% of portfolio
 		APL
Atlas Pipeline Partners LP
4.07% of portfolio
 		INVA
Innoviva Inc.
3.43% of portfolio
 		ELOS
Syneron Medical Ltd.
2.77% of portfolio
 		FYR
Sapphire Industrials Corp.
2.58% of portfolio
 		MAQ
Marathon Acquisition Corp.
2.49% of portfolio
 		IP
International Paper
2.36% of portfolio
 		BGP
Borders Group
1.78% of portfolio
 		GACQ-OLD
Global Consumer Acquisition Corp.
1.64% of portfolio
 		HEK
Heckmann Corp.
1.59% of portfolio
 		OMN
Omnova Solutions
1.44% of portfolio
 		VOXX
VOXX International Corp.
1.42% of portfolio
 		TCW
Triplecrown Acquisition Corp.
1.39% of portfolio
 		ACMR-OLD
AC Moore Arts & Crafts Inc.
1.39% of portfolio
 		PYX
Pyxus International Inc.
1.35% of portfolio
2007   Q4$1.75 B SLM
SLM Corp.
25.16% of portfolio
 		NWSA
News Corp.
7.14% of portfolio
 		LINE-OLD
Linn Energy LLC
5.89% of portfolio
 		UFS
Domtar Corp.
4.67% of portfolio
 		FAF
First Amer'n Corp.
4.28% of portfolio
 		APL
Atlas Pipeline Partners LP
4.06% of portfolio
 		AROC
Archrock Inc.
4.01% of portfolio
 		HRZ
Horizon Lines Inc.
4.01% of portfolio
 		MAQ
Marathon Acquisition Corp.
2.34% of portfolio
 		HEK
Heckmann Corp.
2.10% of portfolio
 		DSP
SP Acquisition Holdings Inc.
2.10% of portfolio
 		ELOS
Syneron Medical Ltd.
2.02% of portfolio
 		TOH
Hicks Acquisition Co. I Inc.
1.83% of portfolio
 		ACMR-OLD
AC Moore Arts & Crafts Inc.
1.76% of portfolio
 		GACQ-OLD
Global Consumer Acquisition Corp.
1.68% of portfolio
 		OMN
Omnova Solutions
1.48% of portfolio
 		NAQ
NRDC Acquisition Corp.
1.41% of portfolio
 		TCW
Triplecrown Acquisition Corp.
1.35% of portfolio
 		NFG
National Fuel Gas
1.33% of portfolio
 		PAX
Prospect Acquisition Corp.
1.30% of portfolio
2007   Q3$952 M NWSA
News Corp.
14.13% of portfolio
 		UFS
Domtar Corp.
8.19% of portfolio
 		AROC
Archrock Inc.
8.11% of portfolio
 		SLM
SLM Corp.
7.39% of portfolio
 		ELOS
Syneron Medical Ltd.
5.71% of portfolio
 		FAF
First Amer'n Corp.
5.46% of portfolio
 		BR
Broadridge Financial Solutions
4.45% of portfolio
 		MAQ
Marathon Acquisition Corp.
4.38% of portfolio
 		OMN
Omnova Solutions
3.68% of portfolio
 		FRH
Freedom Acquisition Holdings Inc.
3.31% of portfolio
 		HRZ
Horizon Lines Inc.
2.70% of portfolio
 		NFG
National Fuel Gas
2.46% of portfolio
 		SCHS
School Specialty
2.19% of portfolio
 		QNTA
Quanta Capital Holdings Ltd.
1.97% of portfolio
 		GAV
Grubb & Ellis Realty Advisors Inc.
1.83% of portfolio
 		ACMR-OLD
AC Moore Arts & Crafts Inc.
1.79% of portfolio
 		CORE
Core Mark Holding Co. Inc.
1.66% of portfolio
 		INSP-OLD
InfoSpace Inc.
1.46% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
1.39% of portfolio
 		AMV-OLD
Alternative Asset Management Acquisition Corp.
1.39% of portfolio
2007   Q2$965 M SLM
SLM Corp.
25.66% of portfolio
 		HD
Home Depot
6.12% of portfolio
 		FAF
First Amer'n Corp.
5.16% of portfolio
 		ELOS
Syneron Medical Ltd.
5.00% of portfolio
 		UCO-OLD
Universal Compression Holdings Inc.
4.88% of portfolio
 		NWSA
News Corp.
4.33% of portfolio
 		MAQ
Marathon Acquisition Corp.
4.31% of portfolio
 		OMN
Omnova Solutions
3.95% of portfolio
 		UFS
Domtar Corp.
3.82% of portfolio
 		SCHS
School Specialty
3.74% of portfolio
 		SEA
Star Maritime Acquisition Corp.
3.61% of portfolio
 		NFG
National Fuel Gas
2.24% of portfolio
 		INSP-OLD
InfoSpace Inc.
2.21% of portfolio
 		FRH
Freedom Acquisition Holdings Inc.
2.05% of portfolio
 		GAV
Grubb & Ellis Realty Advisors Inc.
1.76% of portfolio
 		QNTA
Quanta Capital Holdings Ltd.
1.73% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
1.73% of portfolio
 		CORE
Core Mark Holding Co. Inc.
1.57% of portfolio
 		HRZ
Horizon Lines Inc.
1.57% of portfolio
 		SHA
Shanghai Century Acquisition Corp.
1.15% of portfolio
2007   Q1$764 M SLM
SLM Corp.
21.16% of portfolio
 		UFS
Domtar Corp.
7.62% of portfolio
 		HD
Home Depot
7.22% of portfolio
 		NWSA
News Corp.
5.96% of portfolio
 		ELOS
Syneron Medical Ltd.
5.31% of portfolio
 		MAQ
Marathon Acquisition Corp.
4.88% of portfolio
 		INSP-OLD
InfoSpace Inc.
4.88% of portfolio
 		OMN
Omnova Solutions
3.98% of portfolio
 		SEA
Star Maritime Acquisition Corp.
3.82% of portfolio
 		NFG
National Fuel Gas
2.83% of portfolio
 		HRZ
Horizon Lines Inc.
2.79% of portfolio
 		FRH
Freedom Acquisition Holdings Inc.
2.26% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
2.20% of portfolio
 		GAV
Grubb & Ellis Realty Advisors Inc.
2.20% of portfolio
 		CORE
Core Mark Holding Co. Inc.
1.97% of portfolio
 		QNTA
Quanta Capital Holdings Ltd.
1.90% of portfolio
 		CDS.U
Cold Spring Cap Inc.
1.72% of portfolio
 		HLS
Healthsouth Corp.
1.38% of portfolio
 		SHA
Shanghai Century Acquisition Corp.
1.33% of portfolio
 		NAO-OLD
North American Insurance Leaders Inc.
1.28% of portfolio
2006   Q4$756 M MLS
Mills Corp.
13.42% of portfolio
 		NWSA
News Corp.
11.91% of portfolio
 		HD
Home Depot
11.69% of portfolio
 		APOL
Apollo Education Group Inc.
7.38% of portfolio
 		ELOS
Syneron Medical Ltd.
5.39% of portfolio
 		INSP-OLD
InfoSpace Inc.
4.76% of portfolio
 		OMN
Omnova Solutions
4.39% of portfolio
 		SEA
Star Maritime Acquisition Corp.
3.69% of portfolio
 		HRZ
Horizon Lines Inc.
3.58% of portfolio
 		MAQ
Marathon Acquisition Corp.
3.11% of portfolio
 		HLS
Healthsouth Corp.
3.00% of portfolio
 		NFG
National Fuel Gas
2.55% of portfolio
 		JAZ-OLD
Jazz Technologies Inc.
2.51% of portfolio
 		GAV
Grubb & Ellis Realty Advisors Inc.
2.20% of portfolio
 		CORE
Core Mark Holding Co. Inc.
1.98% of portfolio
 		QNTA
Quanta Capital Holdings Ltd.
1.98% of portfolio
 		MGAM-OLD
Multimedia Games Inc.
1.90% of portfolio
 		CDS.U
Cold Spring Cap Inc.
1.68% of portfolio
 		SHA
Shanghai Century Acquisition Corp.
1.28% of portfolio
 		NAO-OLD
North American Insurance Leaders Inc.
1.26% of portfolio