The Securities and Exchange Commission has not necessarily
reviewed the information in this filing and has not determined
if it is accurate and complete.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| Aberdeen Standard Bloomberg Al | COM | 003261104 | 733,668 | 32,841 | SH | SOLE | 32,841 | 0 | 0 | ||
| ACM Research, Inc. Class A | COM | 00108J109 | 1,030,347 | 8,120 | SH | SOLE | 8,120 | 0 | 0 | ||
| Advanced Micro Devices Inc. | COM | 007903107 | 10,772,976 | 18,545 | SH | SOLE | 18,545 | 0 | 0 | ||
| Agnico-Eagle Mines Ltd. | COM | 008474108 | 4,507,612 | 29,057 | SH | SOLE | 29,057 | 0 | 0 | ||
| Alcoa Inc. | COM | 013872106 | 2,313,660 | 44,374 | SH | SOLE | 44,374 | 0 | 0 | ||
| Allstate Corp. | COM | 020002101 | 4,547,509 | 19,112 | SH | SOLE | 19,112 | 0 | 0 | ||
| Alphabet Inc. Cl A | COM | 02079K305 | 22,833,441 | 63,893 | SH | SOLE | 63,893 | 0 | 0 | ||
| America Movil S.A.B. de C.V. A | COM | 02390A101 | 568,947 | 21,891 | SH | SOLE | 21,891 | 0 | 0 | ||
| Amgen Inc. | COM | 031162100 | 7,427,805 | 20,512 | SH | SOLE | 20,512 | 0 | 0 | ||
| Amkor Technology Inc. | COM | 031652100 | 929,732 | 10,782 | SH | SOLE | 10,782 | 0 | 0 | ||
| Analog Devices Inc. | COM | 032654105 | 754,623 | 1,900 | SH | SOLE | 1,900 | 0 | 0 | ||
| Antero Resources Corporation | COM | 03674X106 | 3,289,877 | 93,622 | SH | SOLE | 93,622 | 0 | 0 | ||
| APA Corp. | COM | 03743Q108 | 3,048,682 | 93,604 | SH | SOLE | 93,604 | 0 | 0 | ||
| Applied Materials Inc. | COM | 038222105 | 1,711,341 | 2,367 | SH | SOLE | 2,367 | 0 | 0 | ||
| Aptiv PLC | COM | G3265R107 | 840,415 | 13,692 | SH | SOLE | 13,692 | 0 | 0 | ||
| Archrock Inc. | COM | 03957W106 | 873,922 | 21,467 | SH | SOLE | 21,467 | 0 | 0 | ||
| ASML Holding N.V. | COM | N07059210 | 1,028,540 | 517 | SH | SOLE | 517 | 0 | 0 | ||
| Assurant Inc. | COM | 04621X108 | 4,523,656 | 16,846 | SH | SOLE | 16,846 | 0 | 0 | ||
| Autoliv Inc. | COM | 052800109 | 6,120,881 | 52,689 | SH | SOLE | 52,689 | 0 | 0 | ||
| Axis Capital Holdings Ltd | COM | G0692U109 | 481,546 | 4,482 | SH | SOLE | 4,482 | 0 | 0 | ||
| Baker Hughes Company Class A | COM | 05722G100 | 5,636,081 | 101,551 | SH | SOLE | 101,551 | 0 | 0 | ||
| Banco Santander S.A. ADR | COM | 05964H105 | 927,539 | 67,213 | SH | SOLE | 67,213 | 0 | 0 | ||
| Bank of America Corp. | COM | 060505104 | 8,916,230 | 156,480 | SH | SOLE | 156,480 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 286,572 | 3,300 | SH | SOLE | 3,300 | 0 | 0 | ||
| Barclays PLC ADR | COM | 06738E204 | 8,513,277 | 316,950 | SH | SOLE | 316,950 | 0 | 0 | ||
| Belden Inc. | COM | 077454106 | 233,225 | 1,945 | SH | SOLE | 1,945 | 0 | 0 | ||
| Benchmark Electronics Inc. | COM | 08160H101 | 4,618,841 | 46,811 | SH | SOLE | 46,811 | 0 | 0 | ||
| Biogen Inc. | COM | 09062X103 | 6,803,513 | 31,489 | SH | SOLE | 31,489 | 0 | 0 | ||
| Bristol-Myers Squibb Co. | COM | 110122108 | 5,639,212 | 97,869 | SH | SOLE | 97,869 | 0 | 0 | ||
| Broadcom Inc. | COM | 11135F101 | 1,359,900 | 3,600 | SH | SOLE | 3,600 | 0 | 0 | ||
| C.H. Robinson Worldwide | COM | 12541W209 | 5,641,536 | 29,954 | SH | SOLE | 29,954 | 0 | 0 | ||
| Canadian Imperial Bank of Comm | COM | 136069101 | 9,584,330 | 83,342 | SH | SOLE | 83,342 | 0 | 0 | ||
| Cardinal Health Inc. | COM | 14149Y108 | 14,508,977 | 61,075 | SH | SOLE | 61,075 | 0 | 0 | ||
| CarGurus, Inc. Class A | COM | 141788109 | 3,961,701 | 116,213 | SH | SOLE | 116,213 | 0 | 0 | ||
| Cencora Inc. | COM | 03073E105 | 8,389,508 | 29,647 | SH | SOLE | 29,647 | 0 | 0 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 437,251 | 17,624 | SH | SOLE | 17,624 | 0 | 0 | ||
| Chevron Corp. | COM | 166764100 | 413,571 | 2,495 | SH | SOLE | 2,495 | 0 | 0 | ||
| Chubb Limited | COM | H1467J104 | 273,955 | 804 | SH | SOLE | 804 | 0 | 0 | ||
| Cirrus Logic Inc. | COM | 172755100 | 3,372,077 | 22,703 | SH | SOLE | 22,703 | 0 | 0 | ||
| Cisco Systems Inc. | COM | 17275R102 | 16,900,732 | 143,885 | SH | SOLE | 143,885 | 0 | 0 | ||
| Citigroup Inc. | COM | 172967424 | 11,280,776 | 80,600 | SH | SOLE | 80,600 | 0 | 0 | ||
| CNX Resources Corporation | COM | 12653C108 | 562,322 | 16,573 | SH | SOLE | 16,573 | 0 | 0 | ||
| Communication Services Select | COM | 81369Y852 | 2,074,144 | 19,361 | SH | SOLE | 19,361 | 0 | 0 | ||
| Comstock Resources Inc. | COM | 205768302 | 2,588,247 | 173,475 | SH | SOLE | 173,475 | 0 | 0 | ||
| Copa Holdings S.A. Cl A | COM | P31076105 | 457,220 | 2,939 | SH | SOLE | 2,939 | 0 | 0 | ||
| Covista Inc. | COM | 00737L103 | 5,622,914 | 45,106 | SH | SOLE | 45,106 | 0 | 0 | ||
| CRH public limited company | COM | G25508105 | 4,532,627 | 42,361 | SH | SOLE | 42,361 | 0 | 0 | ||
| CTS Corp | COM | 126501105 | 2,753,104 | 42,232 | SH | SOLE | 42,232 | 0 | 0 | ||
| CVS Health Corp. | COM | 126650100 | 4,261,002 | 41,189 | SH | SOLE | 41,189 | 0 | 0 | ||
| Dell Technologies Inc. Class C | COM | 24703L202 | 13,039,584 | 30,222 | SH | SOLE | 30,222 | 0 | 0 | ||
| Delta Air Lines Inc. | COM | 247361702 | 819,806 | 8,753 | SH | SOLE | 8,753 | 0 | 0 | ||
| Deutsche Bank AG | COM | D18190898 | 687,489 | 20,364 | SH | SOLE | 20,364 | 0 | 0 | ||
| Devon Energy Corp. | COM | 25179M103 | 8,436,536 | 204,176 | SH | SOLE | 204,176 | 0 | 0 | ||
| Digi International Inc. | COM | 253798102 | 4,090,022 | 54,570 | SH | SOLE | 54,570 | 0 | 0 | ||
| Diodes Inc. | COM | 254543101 | 523,014 | 4,779 | SH | SOLE | 4,779 | 0 | 0 | ||
| Direxion Daily S&P500 Bear 1X | COM | 25460E869 | 26,317,872 | 3,035,510 | SH | SOLE | 3,035,510 | 0 | 0 | ||
| Dycom Industries Inc | COM | 267475101 | 7,947,369 | 15,719 | SH | SOLE | 15,719 | 0 | 0 | ||
| Ecopetrol SA Sponsored ADR | COM | 279158109 | 365,569 | 25,672 | SH | SOLE | 25,672 | 0 | 0 | ||
| Eldorado Gold Corp. | COM | 284902509 | 5,169,241 | 166,267 | SH | SOLE | 166,267 | 0 | 0 | ||
| Elevance Health Inc. | COM | 036752103 | 6,691,976 | 17,304 | SH | SOLE | 17,304 | 0 | 0 | ||
| Emcor Group Inc | COM | 29084Q100 | 7,220,786 | 8,701 | SH | SOLE | 8,701 | 0 | 0 | ||
| Encompass Health Corporation | COM | 29261A100 | 3,028,761 | 29,964 | SH | SOLE | 29,964 | 0 | 0 | ||
| Energy Select Sector SPDR Fund | COM | 81369Y506 | 1,432,324 | 26,969 | SH | SOLE | 26,969 | 0 | 0 | ||
| EQT Corp. | COM | 26884L109 | 3,628,640 | 68,246 | SH | SOLE | 68,246 | 0 | 0 | ||
| Equinor ASA Sponsored ADR | COM | 29446M102 | 298,426 | 9,504 | SH | SOLE | 9,504 | 0 | 0 | ||
| Equinox Gold Corp. | COM | 29446Y502 | 2,584,490 | 265,894 | SH | SOLE | 265,894 | 0 | 0 | ||
| Everest Group Ltd. | COM | G3223R108 | 949,517 | 2,658 | SH | SOLE | 2,658 | 0 | 0 | ||
| Expand Energy Corporation | COM | 165167735 | 724,413 | 7,944 | SH | SOLE | 7,944 | 0 | 0 | ||
| Expeditors International of Wa | COM | 302130109 | 5,191,239 | 31,852 | SH | SOLE | 31,852 | 0 | 0 | ||
| ExxonMobil Holdings Corp. | COM | 30233Q108 | 899,207 | 6,577 | SH | SOLE | 6,577 | 0 | 0 | ||
| F5 Networks Inc. | COM | 315616102 | 8,422,774 | 20,249 | SH | SOLE | 20,249 | 0 | 0 | ||
| FedEx Corp. | COM | 31428X106 | 11,540,406 | 36,855 | SH | SOLE | 36,855 | 0 | 0 | ||
| FedEx Freight Holding Company, | COM | 314352105 | 2,780,514 | 18,414 | SH | SOLE | 18,414 | 0 | 0 | ||
| Fifth Third Bancorp | COM | 316773100 | 448,592 | 7,958 | SH | SOLE | 7,958 | 0 | 0 | ||
| Financial Select Sector SPDR F | COM | 81369Y605 | 4,568,805 | 85,223 | SH | SOLE | 85,223 | 0 | 0 | ||
| Flex Ltd. | COM | Y2573F102 | 19,949,358 | 123,091 | SH | SOLE | 123,091 | 0 | 0 | ||
| FlexShares Disciplined Duratio | COM | 33939L779 | 278,118 | 13,487 | SH | SOLE | 13,487 | 0 | 0 | ||
| Gap Inc. | COM | 364760108 | 394,783 | 21,134 | SH | SOLE | 21,134 | 0 | 0 | ||
| Garrett Motion Inc | COM | 366505105 | 11,684,827 | 322,518 | SH | SOLE | 322,518 | 0 | 0 | ||
| General Motors Co. | COM | 37045V100 | 632,287 | 8,203 | SH | SOLE | 8,203 | 0 | 0 | ||
| Gilead Sciences Inc. | COM | 375558103 | 6,699,937 | 53,031 | SH | SOLE | 53,031 | 0 | 0 | ||
| GlobalFoundries Inc. | COM | G39387108 | 667,933 | 8,105 | SH | SOLE | 8,105 | 0 | 0 | ||
| Goldman Sachs Group Inc. | COM | 38141G104 | 1,101,382 | 1,089 | SH | SOLE | 1,089 | 0 | 0 | ||
| Graham Holdings Co. | COM | 384637104 | 574,134 | 503 | SH | SOLE | 503 | 0 | 0 | ||
| Granite Construction Inc. | COM | 387328107 | 6,856,088 | 43,371 | SH | SOLE | 43,371 | 0 | 0 | ||
| Grupo Aeroportuario del Surest | COM | 40051E202 | 333,383 | 1,087 | SH | SOLE | 1,087 | 0 | 0 | ||
| GSK plc Sponsored ADR | COM | 37733W204 | 5,094,280 | 97,182 | SH | SOLE | 97,182 | 0 | 0 | ||
| GXO Logistics Inc | COM | 36262G101 | 3,041,341 | 59,987 | SH | SOLE | 59,987 | 0 | 0 | ||
| Halliburton Co. | COM | 406216101 | 3,276,888 | 96,521 | SH | SOLE | 96,521 | 0 | 0 | ||
| Hanover Insurance Group Inc. | COM | 410867105 | 2,919,098 | 13,633 | SH | SOLE | 13,633 | 0 | 0 | ||
| Hartford Insurance Group Inc. | COM | 416515104 | 4,647,079 | 35,067 | SH | SOLE | 35,067 | 0 | 0 | ||
| HCA Healthcare Inc | COM | 40412C101 | 8,969,419 | 23,005 | SH | SOLE | 23,005 | 0 | 0 | ||
| Health Care Select Sector SPDR | COM | 81369Y209 | 3,305,522 | 20,834 | SH | SOLE | 20,834 | 0 | 0 | ||
| HealthEquity Inc | COM | 42226A107 | 3,704,746 | 41,018 | SH | SOLE | 41,018 | 0 | 0 | ||
| HF Sinclair Corporation | COM | 403949100 | 5,055,197 | 72,580 | SH | SOLE | 72,580 | 0 | 0 | ||
| Hub Group Inc (Cl A) | COM | 443320106 | 573,649 | 13,100 | SH | SOLE | 13,100 | 0 | 0 | ||
| HudBay Minerals Inc. | COM | 443628102 | 3,207,631 | 135,859 | SH | SOLE | 135,859 | 0 | 0 | ||
| Iamgold Corporation | COM | 450913108 | 8,847,384 | 558,547 | SH | SOLE | 558,547 | 0 | 0 | ||
| Industrial Select Sector SPDR | COM | 81369Y704 | 942,635 | 5,089 | SH | SOLE | 5,089 | 0 | 0 | ||
| Innovex International, Inc. | COM | 457651107 | 310,694 | 12,528 | SH | SOLE | 12,528 | 0 | 0 | ||
| Interactive Brokers Group Inc. | COM | 45841N107 | 600,924 | 6,904 | SH | SOLE | 6,904 | 0 | 0 | ||
| International Business Machine | COM | 459200101 | 1,348,683 | 4,796 | SH | SOLE | 4,796 | 0 | 0 | ||
| Invesco Building & Constructio | COM | 46137V779 | 1,255,408 | 11,203 | SH | SOLE | 11,203 | 0 | 0 | ||
| Invesco CurrencyShares Euro Tr | COM | 46138K103 | 3,684,917 | 34,948 | SH | SOLE | 34,948 | 0 | 0 | ||
| Invesco CurrencyShares Japanes | COM | 46138W107 | 1,784,125 | 31,611 | SH | SOLE | 31,611 | 0 | 0 | ||
| Invesco KBW Bank ETF | COM | 46138E628 | 643,887 | 6,925 | SH | SOLE | 6,925 | 0 | 0 | ||
| Invesco Optimum Yield Diversified Comm | COM | 46090F100 | 195,181 | 12,291 | SH | SOLE | 12,291 | 0 | 0 | ||
| Invesco S&P 500 Equal Weight C | COM | 46137V381 | 2,990,166 | 53,392 | SH | SOLE | 53,392 | 0 | 0 | ||
| iShares 0-5 Year TIPS Bond ETF | COM | 46429B747 | 6,546,106 | 64,077 | SH | SOLE | 64,077 | 0 | 0 | ||
| iShares 1-3 Year International | COM | 464288125 | 2,301,743 | 31,002 | SH | SOLE | 31,002 | 0 | 0 | ||
| iShares 1-3 Year Treasury Bond | COM | 464287457 | 12,307,222 | 149,887 | SH | SOLE | 149,887 | 0 | 0 | ||
| iShares 5-10yr Investment Grad | COM | 464288638 | 7,579,490 | 142,552 | SH | SOLE | 142,552 | 0 | 0 | ||
| iShares 7-10 Year Treasury Bon | COM | 464287440 | 7,065,136 | 74,708 | SH | SOLE | 74,708 | 0 | 0 | ||
| iShares Aaa-A Rated Corporate | COM | 46429B291 | 225,102 | 4,737 | SH | SOLE | 4,737 | 0 | 0 | ||
| iShares Core Dividend Growth E | COM | 46434V621 | 253,214 | 3,341 | SH | SOLE | 3,341 | 0 | 0 | ||
| iShares Core MSCI EAFE ETF | COM | 46432F842 | 6,420,445 | 66,478 | SH | SOLE | 66,478 | 0 | 0 | ||
| iShares Core Total U.S. Bond M | COM | 464287226 | 4,231,890 | 42,755 | SH | SOLE | 42,755 | 0 | 0 | ||
| iShares Edge MSCI USA Quality | COM | 46432F339 | 275,385 | 1,255 | SH | SOLE | 1,255 | 0 | 0 | ||
| iShares International Treasury | COM | 464288117 | 10,129,938 | 246,891 | SH | SOLE | 246,891 | 0 | 0 | ||
| iShares MBS ETF | COM | 464288588 | 7,623,794 | 80,658 | SH | SOLE | 80,658 | 0 | 0 | ||
| iShares MSCI ACWI ETF | COM | 464288257 | 228,391 | 1,455 | SH | SOLE | 1,455 | 0 | 0 | ||
| iShares MSCI Emerging Markets | COM | 46434G764 | 3,042,709 | 29,743 | SH | SOLE | 29,743 | 0 | 0 | ||
| iShares MSCI Global Metals & M | COM | 46434G848 | 685,414 | 11,787 | SH | SOLE | 11,787 | 0 | 0 | ||
| iShares NASDAQ Biotechnology I | COM | 464287556 | 2,399,057 | 12,614 | SH | SOLE | 12,614 | 0 | 0 | ||
| iShares PHLX Semiconductor ETF | COM | 464287523 | 483,133 | 754 | SH | SOLE | 754 | 0 | 0 | ||
| iShares S&P 500 Fund | COM | 464287200 | 9,762,530 | 13,036 | SH | SOLE | 13,036 | 0 | 0 | ||
| iShares S&P Small Cap 600 Inde | COM | 464287804 | 239,966 | 1,618 | SH | SOLE | 1,618 | 0 | 0 | ||
| iShares TIPS Bond ETF | COM | 464287176 | 7,239,123 | 66,153 | SH | SOLE | 66,153 | 0 | 0 | ||
| iShares U.S. Healthcare Provid | COM | 464288828 | 2,116,096 | 38,245 | SH | SOLE | 38,245 | 0 | 0 | ||
| iShares U.S. Insurance ETF | COM | 464288786 | 1,187,170 | 8,446 | SH | SOLE | 8,446 | 0 | 0 | ||
| iShares US Transportation ETF | COM | 464287192 | 1,265,422 | 14,587 | SH | SOLE | 14,587 | 0 | 0 | ||
| Jabil Inc. | COM | 466313103 | 15,599,990 | 40,469 | SH | SOLE | 40,469 | 0 | 0 | ||
| Johnson & Johnson | COM | 478160104 | 7,894,657 | 31,085 | SH | SOLE | 31,085 | 0 | 0 | ||
| JPMorgan Chase & Co. | COM | 46625H100 | 10,179,636 | 31,099 | SH | SOLE | 31,099 | 0 | 0 | ||
| Kensington Credit Opportunitie | COM | 56167R820 | 2,005,031 | 81,373 | SH | SOLE | 81,373 | 0 | 0 | ||
| Kinross Gold Corporation | COM | 496902404 | 10,347,426 | 438,079 | SH | SOLE | 438,079 | 0 | 0 | ||
| Lam Research Corp. | COM | 512807306 | 8,537,468 | 19,702 | SH | SOLE | 19,702 | 0 | 0 | ||
| Laureate Education Inc | COM | 518613203 | 7,136,335 | 196,485 | SH | SOLE | 196,485 | 0 | 0 | ||
| Lear Corp. | COM | 521865204 | 6,148,528 | 45,864 | SH | SOLE | 45,864 | 0 | 0 | ||
| Leuthold Select Industries ET | COM | 56167R705 | 4,171,634 | 89,271 | SH | SOLE | 89,271 | 0 | 0 | ||
| Loews Corp. | COM | 540424108 | 440,047 | 3,887 | SH | SOLE | 3,887 | 0 | 0 | ||
| M&T Bank Corp. | COM | 55261F104 | 342,020 | 1,437 | SH | SOLE | 1,437 | 0 | 0 | ||
| Magna International Inc. | COM | 559222401 | 9,322,144 | 141,976 | SH | SOLE | 141,976 | 0 | 0 | ||
| Markel Group Inc. | COM | 570535104 | 3,685,330 | 1,887 | SH | SOLE | 1,887 | 0 | 0 | ||
| Marvell Technology Inc. | COM | 573874104 | 1,023,252 | 3,435 | SH | SOLE | 3,435 | 0 | 0 | ||
| Mastercard Inc. Cl A | COM | 57636Q104 | 6,318,821 | 12,303 | SH | SOLE | 12,303 | 0 | 0 | ||
| Match Group, Inc. | COM | 57667L107 | 213,499 | 5,611 | SH | SOLE | 5,611 | 0 | 0 | ||
| Materials Select Sector SPDR F | COM | 81369Y100 | 288,714 | 5,680 | SH | SOLE | 5,680 | 0 | 0 | ||
| McKesson Corp. | COM | 58155Q103 | 11,601,482 | 15,354 | SH | SOLE | 15,354 | 0 | 0 | ||
| MDU Resources Group, Inc. | COM | 552690109 | 328,819 | 15,503 | SH | SOLE | 15,503 | 0 | 0 | ||
| Merck & Co. Inc. | COM | 58933Y105 | 6,142,686 | 47,803 | SH | SOLE | 47,803 | 0 | 0 | ||
| Mercury General Corp | COM | 589400100 | 3,653,974 | 34,271 | SH | SOLE | 34,271 | 0 | 0 | ||
| Meta Platforms Inc. Class A | COM | 30303M102 | 10,759,402 | 19,101 | SH | SOLE | 19,101 | 0 | 0 | ||
| Micron Technology Inc. | COM | 595112103 | 854,175 | 740 | SH | SOLE | 740 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 17,397,653 | 46,640 | SH | SOLE | 46,640 | 0 | 0 | ||
| Mizuho Financial Group Inc. AD | COM | 60687Y109 | 764,245 | 79,775 | SH | SOLE | 79,775 | 0 | 0 | ||
| MKS Instruments Inc. | COM | 55306N104 | 1,130,682 | 2,542 | SH | SOLE | 2,542 | 0 | 0 | ||
| Morgan Stanley | COM | 617446448 | 899,499 | 4,303 | SH | SOLE | 4,303 | 0 | 0 | ||
| National HealthCare Corporatio | COM | 635906100 | 647,396 | 3,063 | SH | SOLE | 3,063 | 0 | 0 | ||
| Netgear Inc | COM | 64111Q104 | 620,246 | 26,563 | SH | SOLE | 26,563 | 0 | 0 | ||
| NetScout Systems, Inc. | COM | 64115T104 | 7,566,551 | 173,744 | SH | SOLE | 173,744 | 0 | 0 | ||
| New Jersey Resources Corp. | COM | 646025106 | 290,175 | 5,178 | SH | SOLE | 5,178 | 0 | 0 | ||
| NOV Inc. | COM | 62955J103 | 3,695,475 | 199,217 | SH | SOLE | 199,217 | 0 | 0 | ||
| NVIDIA Corp. | COM | 67066G104 | 13,719,771 | 68,568 | SH | SOLE | 68,568 | 0 | 0 | ||
| NXP Semiconductors N.V. | COM | N6596X109 | 4,600,461 | 16,370 | SH | SOLE | 16,370 | 0 | 0 | ||
| Oceaneering International, Inc | COM | 675232102 | 5,791,767 | 142,936 | SH | SOLE | 142,936 | 0 | 0 | ||
| Old National Bancorp | COM | 680033107 | 312,691 | 12,073 | SH | SOLE | 12,073 | 0 | 0 | ||
| Old Republic International Cor | COM | 680223104 | 469,598 | 11,476 | SH | SOLE | 11,476 | 0 | 0 | ||
| Ovintiv, Inc. | COM | 69047Q102 | 3,357,333 | 63,767 | SH | SOLE | 63,767 | 0 | 0 | ||
| Pan American Silver Corp. | COM | 697900108 | 2,687,669 | 60,006 | SH | SOLE | 60,006 | 0 | 0 | ||
| Paycom Software, Inc. | COM | 70432V102 | 3,093,990 | 24,618 | SH | SOLE | 24,618 | 0 | 0 | ||
| PBF Energy, Inc. Class A | COM | 69318G106 | 3,695,678 | 81,188 | SH | SOLE | 81,188 | 0 | 0 | ||
| Pearson Plc Sp Adr | COM | 705015105 | 734,468 | 46,222 | SH | SOLE | 46,222 | 0 | 0 | ||
| Perdoceo Education Corporation | COM | 71363P106 | 3,515,936 | 109,873 | SH | SOLE | 109,873 | 0 | 0 | ||
| Pfizer Inc. | COM | 717081103 | 4,887,445 | 202,967 | SH | SOLE | 202,967 | 0 | 0 | ||
| Photronics Inc. | COM | 719405102 | 348,266 | 10,706 | SH | SOLE | 10,706 | 0 | 0 | ||
| Plexus Corp. | COM | 729132100 | 7,532,986 | 25,054 | SH | SOLE | 25,054 | 0 | 0 | ||
| PNC Financial Services Group I | COM | 693475105 | 5,758,101 | 23,386 | SH | SOLE | 23,386 | 0 | 0 | ||
| Primoris Services Corporation | COM | 74164F103 | 4,761,725 | 48,040 | SH | SOLE | 48,040 | 0 | 0 | ||
| ProShares Short QQQ | COM | 74349Y837 | 3,022,963 | 120,629 | SH | SOLE | 120,629 | 0 | 0 | ||
| ProShares Short Russell2000 | COM | 74348A210 | 11,486,946 | 864,330 | SH | SOLE | 864,330 | 0 | 0 | ||
| QUALCOMM Inc. | COM | 747525103 | 1,031,128 | 5,580 | SH | SOLE | 5,580 | 0 | 0 | ||
| Qualys, Inc. | COM | 74758T303 | 970,267 | 7,057 | SH | SOLE | 7,057 | 0 | 0 | ||
| Raymond James Financial Inc | COM | 754730109 | 401,663 | 2,642 | SH | SOLE | 2,642 | 0 | 0 | ||
| Regeneron Pharmaceuticals Inc. | COM | 75886F107 | 5,777,098 | 9,265 | SH | SOLE | 9,265 | 0 | 0 | ||
| Reinsurance Group of America I | COM | 759351604 | 3,542,324 | 16,658 | SH | SOLE | 16,658 | 0 | 0 | ||
| RenaissanceRe Holdings Ltd. | COM | G7496G103 | 5,475,398 | 17,278 | SH | SOLE | 17,278 | 0 | 0 | ||
| Rio Tinto PLC ADS | COM | 767204100 | 4,740,994 | 49,942 | SH | SOLE | 49,942 | 0 | 0 | ||
| Sanmina Corporation | COM | 801056102 | 9,206,797 | 36,379 | SH | SOLE | 36,379 | 0 | 0 | ||
| Schwab Fundamental Internation | COM | 808524755 | 309,174 | 5,860 | SH | SOLE | 5,860 | 0 | 0 | ||
| Select Medical Holdings Corpor | COM | 81619Q105 | 501,194 | 30,357 | SH | SOLE | 30,357 | 0 | 0 | ||
| Shell PLC Sponsored ADR | COM | 780259305 | 724,844 | 9,348 | SH | SOLE | 9,348 | 0 | 0 | ||
| Skyworks Solutions Inc | COM | 83088M102 | 262,183 | 3,867 | SH | SOLE | 3,867 | 0 | 0 | ||
| SLB Limited | COM | 806857108 | 5,926,638 | 127,482 | SH | SOLE | 127,482 | 0 | 0 | ||
| SPDR Barclays International Co | COM | 78464A151 | 574,117 | 18,413 | SH | SOLE | 18,413 | 0 | 0 | ||
| SPDR Bloomberg Barclays Intern | COM | 78464A516 | 11,518,476 | 531,295 | SH | SOLE | 531,295 | 0 | 0 | ||
| SPDR FTSE International Govern | COM | 78464A490 | 4,338,533 | 110,143 | SH | SOLE | 110,143 | 0 | 0 | ||
| SPDR Intermediate Term Corpora | COM | 78464A375 | 11,298,371 | 337,668 | SH | SOLE | 337,668 | 0 | 0 | ||
| SPDR S&P 500 ETF | COM | 78462F103 | 1,018,594 | 1,364 | SH | SOLE | 1,364 | 0 | 0 | ||
| SPDR S&P Retail ETF | COM | 78464A714 | 729,909 | 8,319 | SH | SOLE | 8,319 | 0 | 0 | ||
| State Street SPDR S&P Oil & Ga | COM | 78468R556 | 699,878 | 4,537 | SH | SOLE | 4,537 | 0 | 0 | ||
| Suncor Energy Inc. | COM | 867224107 | 505,182 | 9,411 | SH | SOLE | 9,411 | 0 | 0 | ||
| T-Mobile US Inc | COM | 872590104 | 463,103 | 2,761 | SH | SOLE | 2,761 | 0 | 0 | ||
| TD SYNNEX Corporation | COM | 87162W100 | 413,575 | 1,547 | SH | SOLE | 1,547 | 0 | 0 | ||
| TE Connectivity Ltd. | COM | G87052109 | 6,109,791 | 30,305 | SH | SOLE | 30,305 | 0 | 0 | ||
| Technology Select Sector SPDR | COM | 81369Y803 | 12,689,775 | 66,606 | SH | SOLE | 66,606 | 0 | 0 | ||
| Telefonaktiebolaget LM Ericsso | COM | 294821608 | 8,558,874 | 767,612 | SH | SOLE | 767,612 | 0 | 0 | ||
| Tenaris S.A. | COM | 88031M109 | 4,459,565 | 80,367 | SH | SOLE | 80,367 | 0 | 0 | ||
| Tenet Healthcare Corporation | COM | 88033G407 | 5,925,759 | 31,675 | SH | SOLE | 31,675 | 0 | 0 | ||
| TIM S.A. Sponsored ADR | COM | 88706T108 | 435,190 | 20,317 | SH | SOLE | 20,317 | 0 | 0 | ||
| TotalEnergies SE Sponsored ADR | COM | F92124100 | 453,496 | 5,832 | SH | SOLE | 5,832 | 0 | 0 | ||
| Travelers Companies, Inc. | COM | 89417E109 | 5,284,561 | 16,008 | SH | SOLE | 16,008 | 0 | 0 | ||
| U.S. Bancorp | COM | 902973304 | 5,566,162 | 92,155 | SH | SOLE | 92,155 | 0 | 0 | ||
| UBS Group AG (new) | COM | H42097107 | 593,877 | 11,983 | SH | SOLE | 11,983 | 0 | 0 | ||
| UGI Corp. | COM | 902681105 | 322,465 | 9,336 | SH | SOLE | 9,336 | 0 | 0 | ||
| United Parcel Service Inc. Cl | COM | 911312106 | 11,162,155 | 103,834 | SH | SOLE | 103,834 | 0 | 0 | ||
| United Therapeutics Corp. | COM | 91307C102 | 5,517,997 | 10,184 | SH | SOLE | 10,184 | 0 | 0 | ||
| Universal Health Services Inc. | COM | 913903100 | 809,171 | 5,442 | SH | SOLE | 5,442 | 0 | 0 | ||
| Universal Technical Institute | COM | 913915104 | 5,839,431 | 136,531 | SH | SOLE | 136,531 | 0 | 0 | ||
| Urban Outfitters Inc | COM | 917047102 | 495,453 | 6,992 | SH | SOLE | 6,992 | 0 | 0 | ||
| Valmont Industries Inc. | COM | 920253101 | 6,432,731 | 11,137 | SH | SOLE | 11,137 | 0 | 0 | ||
| VanEck Gold Miners ETF | COM | 92189F106 | 1,911,073 | 25,329 | SH | SOLE | 25,329 | 0 | 0 | ||
| VanEck Oil Services ETF | COM | 92189H607 | 1,519,371 | 4,084 | SH | SOLE | 4,084 | 0 | 0 | ||
| VanEck Vectors Pharmaceutical | COM | 92189F692 | 776,057 | 7,097 | SH | SOLE | 7,097 | 0 | 0 | ||
| Vanguard Mortgage-Backed Secur | COM | 92206C771 | 5,517,401 | 117,868 | SH | SOLE | 117,868 | 0 | 0 | ||
| Vanguard Russell 1000 Value ET | COM | 92206C714 | 4,808,827 | 45,234 | SH | SOLE | 45,234 | 0 | 0 | ||
| Vanguard Short-Term Corporate | COM | 92206C409 | 742,487 | 9,395 | SH | SOLE | 9,395 | 0 | 0 | ||
| Vanguard Short-Term Inflation- | COM | 922020805 | 10,546,894 | 209,972 | SH | SOLE | 209,972 | 0 | 0 | ||
| Vanguard Short-Term Treasury E | COM | 92206C102 | 618,666 | 10,630 | SH | SOLE | 10,630 | 0 | 0 | ||
| Versigent PLC | COM | G9600F104 | 1,091,896 | 25,991 | SH | SOLE | 25,991 | 0 | 0 | ||
| Vertex Pharmaceuticals Inc. | COM | 92532F100 | 7,768,857 | 15,640 | SH | SOLE | 15,640 | 0 | 0 | ||
| Viavi Solutions Inc. | COM | 925550105 | 1,020,465 | 21,371 | SH | SOLE | 21,371 | 0 | 0 | ||
| Visa Inc. | COM | 92826C839 | 5,676,081 | 16,544 | SH | SOLE | 16,544 | 0 | 0 | ||
| Vodafone Group PLC ADS | COM | 92857W308 | 601,447 | 45,478 | SH | SOLE | 45,478 | 0 | 0 | ||
| Weatherford International plc | COM | G48833118 | 3,167,416 | 38,864 | SH | SOLE | 38,864 | 0 | 0 | ||
| Wells Fargo & Co. | COM | 949746101 | 360,972 | 4,368 | SH | SOLE | 4,368 | 0 | 0 | ||
| White Mountains Insurance Grou | COM | G9618E107 | 2,289,023 | 1,104 | SH | SOLE | 1,104 | 0 | 0 | ||