Historical Stock Holdings

David Tepper - Appaloosa Management

PeriodPortfolio ValueTop 20 holdings history (left to right)
2023   Q4$5.66 B META
Meta Platforms Inc.
11.57% of portfolio
 		MSFT
Microsoft Corp.
11.30% of portfolio
 		AMZN
Amazon.com Inc.
10.61% of portfolio
 		NVDA
NVIDIA Corp.
6.92% of portfolio
 		UBER
Uber Technologies Inc.
6.53% of portfolio
 		BABA
Alibaba Group Holdings
5.96% of portfolio
 		GOOG
Alphabet Inc. CL C
5.73% of portfolio
 		AMD
Advanced Micro Devices
5.24% of portfolio
 		INTC
Intel Corp.
4.09% of portfolio
 		FDX
FedEx Corp.
2.91% of portfolio
 		QCOM
QUALCOMM Inc.
2.56% of portfolio
 		ORCL
Oracle Corp.
2.47% of portfolio
 		ET
Energy Transfer LP
2.39% of portfolio
 		PDD
Pinduoduo Inc.
2.00% of portfolio
 		UNH
United Health Group Inc.
1.86% of portfolio
 		CZR
Caesars Entertainment
1.86% of portfolio
 		MU
Micron Technology Inc.
1.83% of portfolio
 		LRCX
Lam Research
1.63% of portfolio
 		M
Macy's Inc.
1.58% of portfolio
 		EQT
EQT Corp.
1.41% of portfolio
2023   Q3$5.07 B META
Meta Platforms Inc.
11.56% of portfolio
 		MSFT
Microsoft Corp.
10.19% of portfolio
 		AMZN
Amazon.com Inc.
9.41% of portfolio
 		NVDA
NVIDIA Corp.
8.80% of portfolio
 		GOOG
Alphabet Inc. CL C
7.16% of portfolio
 		UBER
Uber Technologies Inc.
6.58% of portfolio
 		BABA
Alibaba Group Holdings
6.16% of portfolio
 		AMD
Advanced Micro Devices
4.62% of portfolio
 		INTC
Intel Corp.
4.39% of portfolio
 		FDX
FedEx Corp.
3.40% of portfolio
 		QCOM
QUALCOMM Inc.
2.85% of portfolio
 		ET
Energy Transfer LP
2.71% of portfolio
 		PDD
Pinduoduo Inc.
2.71% of portfolio
 		UNH
United Health Group Inc.
1.99% of portfolio
 		MU
Micron Technology Inc.
1.88% of portfolio
 		BIDU
Baidu Inc.
1.76% of portfolio
 		TSM
Taiwan Semiconductor S.A.
1.72% of portfolio
 		EQT
EQT Corp.
1.65% of portfolio
 		LRCX
Lam Research
1.48% of portfolio
 		CZR
Caesars Entertainment
1.40% of portfolio
2023   Q2$5.39 B NVDA
NVIDIA Corp.
8.01% of portfolio
 		META
Meta Platforms Inc.
8.00% of portfolio
 		MSFT
Microsoft Corp.
7.84% of portfolio
 		AMZN
Amazon.com Inc.
7.65% of portfolio
 		BABA
Alibaba Group Holdings
6.92% of portfolio
 		UBER
Uber Technologies Inc.
5.73% of portfolio
 		GOOG
Alphabet Inc. CL C
5.19% of portfolio
 		AMD
Advanced Micro Devices
4.88% of portfolio
 		INTC
Intel Corp.
4.20% of portfolio
 		QCOM
QUALCOMM Inc.
4.09% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.32% of portfolio
 		BIDU
Baidu Inc.
3.24% of portfolio
 		FDX
FedEx Corp.
2.99% of portfolio
 		ET
Energy Transfer LP
2.31% of portfolio
 		MRVL
Marvell Technology Inc.
1.94% of portfolio
 		AVGO
Broadcom Inc.
1.93% of portfolio
 		UNH
United Health Group Inc.
1.78% of portfolio
 		AAPL
Apple Inc.
1.73% of portfolio
 		MU
Micron Technology Inc.
1.64% of portfolio
 		EQT
EQT Corp.
1.57% of portfolio
2023   Q1$1.85 B GOOG
Alphabet Inc. CL C
11.86% of portfolio
 		AMZN
Amazon.com Inc.
11.16% of portfolio
 		UBER
Uber Technologies Inc.
10.28% of portfolio
 		CEG
Constellation Energy Corp.
8.87% of portfolio
 		META
Meta Platforms Inc.
8.02% of portfolio
 		ET
Energy Transfer LP
6.88% of portfolio
 		M
Macy's Inc.
5.67% of portfolio
 		EQT
EQT Corp.
4.40% of portfolio
 		FDX
FedEx Corp.
4.32% of portfolio
 		MSFT
Microsoft Corp.
4.05% of portfolio
 		UNH
United Health Group Inc.
3.83% of portfolio
 		CRM
Salesforce.com
3.13% of portfolio
 		NVDA
NVIDIA Corp.
2.25% of portfolio
 		HCA
HCA Healthcare Inc.
2.03% of portfolio
 		TSLA
Tesla Inc.
1.68% of portfolio
 		DIS
Walt Disney Co.
1.62% of portfolio
 		AR
Antero Resources
1.59% of portfolio
 		CZR
Caesars Entertainment
1.12% of portfolio
 		MTCH
Match Group Inc.
1.09% of portfolio
 		ARKK
Ark Innovation ETF
1.09% of portfolio
2022   Q4$1.35 B CEG
Constellation Energy Corp.
15.34% of portfolio
 		GOOG
Alphabet Inc. CL C
13.13% of portfolio
 		AMZN
Amazon.com Inc.
9.35% of portfolio
 		M
Macy's Inc.
9.11% of portfolio
 		ET
Energy Transfer LP
8.98% of portfolio
 		EQT
EQT Corp.
6.40% of portfolio
 		UNH
United Health Group Inc.
5.90% of portfolio
 		META
Meta Platforms Inc.
5.13% of portfolio
 		MSFT
Microsoft Corp.
4.18% of portfolio
 		HCA
HCA Healthcare Inc.
3.25% of portfolio
 		CRM
Salesforce.com
2.95% of portfolio
 		AR
Antero Resources
2.87% of portfolio
 		UBER
Uber Technologies Inc.
2.25% of portfolio
 		DIS
Walt Disney Co.
1.93% of portfolio
 		CHK
Chesapeake Energy
1.77% of portfolio
 		CHKEZ
Chesapeake Energy Corp. CL B WTS
1.46% of portfolio
 		CZR
Caesars Entertainment
1.31% of portfolio
 		EPD
Enterprise Products Partners LP
0.93% of portfolio
 		CHKEL
Chesapeake Energy Corp. WTS
0.86% of portfolio
 		SYY
Sysco Corp.
0.85% of portfolio
2022   Q3$1.36 B CEG
Constellation Energy Corp.
16.08% of portfolio
 		GOOG
Alphabet Inc. CL C
14.10% of portfolio
 		AMZN
Amazon.com Inc.
12.04% of portfolio
 		META
Meta Platforms Inc.
8.73% of portfolio
 		ET
Energy Transfer LP
8.27% of portfolio
 		EQT
EQT Corp.
7.56% of portfolio
 		M
Macy's Inc.
6.91% of portfolio
 		UNH
United Health Group Inc.
5.57% of portfolio
 		MSFT
Microsoft Corp.
4.02% of portfolio
 		AR
Antero Resources
2.80% of portfolio
 		CHKEZ
Chesapeake Energy Corp. CL B WTS
2.14% of portfolio
 		CRM
Salesforce.com
2.01% of portfolio
 		UBER
Uber Technologies Inc.
1.95% of portfolio
 		EPD
Enterprise Products Partners LP
1.36% of portfolio
 		CHKEL
Chesapeake Energy Corp. WTS
1.30% of portfolio
 		AMLP
Alerian MLP ETF
1.09% of portfolio
 		SYY
Sysco Corp.
1.04% of portfolio
 		HCA
HCA Healthcare Inc.
1.01% of portfolio
 		CHK
Chesapeake Energy
0.62% of portfolio
 		BABA
Alibaba Group Holdings
0.53% of portfolio
2022   Q2$1.59 B GOOG
Alphabet Inc. CL C
13.73% of portfolio
 		META
Meta Platforms Inc.
10.12% of portfolio
 		AMZN
Amazon.com Inc.
10.00% of portfolio
 		CEG
Constellation Energy Corp.
9.71% of portfolio
 		M
Macy's Inc.
6.90% of portfolio
 		ET
Energy Transfer LP
6.43% of portfolio
 		EQT
EQT Corp.
6.15% of portfolio
 		UNH
United Health Group Inc.
4.84% of portfolio
 		KSS
Kohl's Corp.
4.20% of portfolio
 		MSFT
Microsoft Corp.
4.03% of portfolio
 		OXY
Occidental Petroleum
3.23% of portfolio
 		AR
Antero Resources
2.74% of portfolio
 		SYY
Sysco Corp.
2.26% of portfolio
 		CRM
Salesforce.com
2.07% of portfolio
 		MU
Micron Technology Inc.
2.00% of portfolio
 		APTV
Aptiv PLC
1.40% of portfolio
 		CHKEZ
Chesapeake Energy Corp. CL B WTS
1.31% of portfolio
 		UBER
Uber Technologies Inc.
1.28% of portfolio
 		EPD
Enterprise Products Partners LP
1.19% of portfolio
 		AMLP
Alerian MLP ETF
0.88% of portfolio
2022   Q1$2.5 B GOOG
Alphabet Inc. CL C
13.30% of portfolio
 		AMZN
Amazon.com Inc.
11.09% of portfolio
 		META
Meta Platforms Inc.
7.92% of portfolio
 		M
Macy's Inc.
7.71% of portfolio
 		MU
Micron Technology Inc.
6.55% of portfolio
 		OXY
Occidental Petroleum
6.45% of portfolio
 		EQT
EQT Corp.
5.42% of portfolio
 		MSFT
Microsoft Corp.
4.52% of portfolio
 		ET
Energy Transfer LP
4.12% of portfolio
 		UNH
United Health Group Inc.
3.43% of portfolio
 		UBER
Uber Technologies Inc.
2.88% of portfolio
 		PCG
PG&E Corp.
2.87% of portfolio
 		SYY
Sysco Corp.
2.45% of portfolio
 		AR
Antero Resources
2.41% of portfolio
 		MOS
Mosaic Co.
2.22% of portfolio
 		XLE
Energy Select Sector SPDR
2.13% of portfolio
 		GT
Goodyear Tire & Rubber
1.86% of portfolio
 		KSS
Kohl's Corp.
1.69% of portfolio
 		XOP
SPDR S&P Oil & Gas Exploration & Production ETF
1.53% of portfolio
 		FCX
Freeport-McMoran Inc.
1.47% of portfolio
2021   Q4$3.89 B GOOG
Alphabet Inc. CL C
10.05% of portfolio
 		META
Meta Platforms Inc.
9.52% of portfolio
 		M
Macy's Inc.
6.80% of portfolio
 		MU
Micron Technology Inc.
6.59% of portfolio
 		AMZN
Amazon.com Inc.
6.00% of portfolio
 		OXY
Occidental Petroleum
4.92% of portfolio
 		PCG
PG&E Corp.
3.90% of portfolio
 		TMUS
T-Mobile US Inc.
3.81% of portfolio
 		GM
General Motors
3.39% of portfolio
 		DHI
D.R. Horton
3.07% of portfolio
 		XLE
Energy Select Sector SPDR
3.07% of portfolio
 		GT
Goodyear Tire & Rubber
2.82% of portfolio
 		EQT
EQT Corp.
2.74% of portfolio
 		ET
Energy Transfer LP
2.62% of portfolio
 		MSFT
Microsoft Corp.
2.57% of portfolio
 		XOP
SPDR S&P Oil & Gas Exploration & Production ETF
2.47% of portfolio
 		MOS
Mosaic Co.
2.43% of portfolio
 		UNH
United Health Group Inc.
2.31% of portfolio
 		PHM
PulteGroup Inc.
2.13% of portfolio
 		KSS
Kohl's Corp.
2.10% of portfolio
2021   Q3$4.2 B GOOG
Alphabet Inc. CL C
9.33% of portfolio
 		META
Meta Platforms Inc.
9.24% of portfolio
 		TMUS
T-Mobile US Inc.
7.74% of portfolio
 		AMZN
Amazon.com Inc.
5.48% of portfolio
 		OXY
Occidental Petroleum
4.68% of portfolio
 		MU
Micron Technology Inc.
4.65% of portfolio
 		M
Macy's Inc.
3.77% of portfolio
 		PCG
PG&E Corp.
3.06% of portfolio
 		XLE
Energy Select Sector SPDR
2.74% of portfolio
 		DHI
D.R. Horton
2.39% of portfolio
 		XOP
SPDR S&P Oil & Gas Exploration & Production ETF
2.33% of portfolio
 		ET
Energy Transfer LP
2.31% of portfolio
 		HCA
HCA Healthcare Inc.
2.24% of portfolio
 		ALIT
Alight Inc.
2.19% of portfolio
 		GT
Goodyear Tire & Rubber
2.19% of portfolio
 		UBER
Uber Technologies Inc.
2.08% of portfolio
 		MOS
Mosaic Co.
2.02% of portfolio
 		MSFT
Microsoft Corp.
2.00% of portfolio
 		BABA
Alibaba Group Holdings
1.85% of portfolio
 		TWTR-OLD
Twitter Inc.
1.78% of portfolio
2021   Q2$4.83 B MU
Micron Technology Inc.
9.94% of portfolio
 		AMZN
Amazon.com Inc.
8.90% of portfolio
 		META
Meta Platforms Inc.
8.67% of portfolio
 		GOOG
Alphabet Inc. CL C
7.57% of portfolio
 		TMUS
T-Mobile US Inc.
7.55% of portfolio
 		OXY
Occidental Petroleum
3.70% of portfolio
 		PCG
PG&E Corp.
3.43% of portfolio
 		BABA
Alibaba Group Holdings
2.75% of portfolio
 		XLE
Energy Select Sector SPDR
2.59% of portfolio
 		ET
Energy Transfer LP
2.34% of portfolio
 		DHI
D.R. Horton
2.14% of portfolio
 		PSFE
Paysafe Ltd
2.13% of portfolio
 		UBER
Uber Technologies Inc.
2.11% of portfolio
 		TWTR-OLD
Twitter Inc.
1.85% of portfolio
 		MSFT
Microsoft Corp.
1.75% of portfolio
 		HCA
HCA Healthcare Inc.
1.73% of portfolio
 		PHM
PulteGroup Inc.
1.70% of portfolio
 		MOS
Mosaic Co.
1.63% of portfolio
 		UNH
United Health Group Inc.
1.55% of portfolio
 		FCX
Freeport-McMoran Inc.
1.54% of portfolio
2021   Q1$6.96 B MU
Micron Technology Inc.
9.22% of portfolio
 		AMZN
Amazon.com Inc.
8.26% of portfolio
 		META
Meta Platforms Inc.
7.70% of portfolio
 		TMUS
T-Mobile US Inc.
7.54% of portfolio
 		GOOG
Alphabet Inc. CL C
6.86% of portfolio
 		PCG
PG&E Corp.
4.81% of portfolio
 		BABA
Alibaba Group Holdings
3.71% of portfolio
 		OXY
Occidental Petroleum
3.21% of portfolio
 		XLE
Energy Select Sector SPDR
3.05% of portfolio
 		HCA
HCA Healthcare Inc.
2.57% of portfolio
 		ET
Energy Transfer LP
2.52% of portfolio
 		TWTR-OLD
Twitter Inc.
2.42% of portfolio
 		CHK
Chesapeake Energy
2.32% of portfolio
 		PARA
Paramount Global CL B
2.23% of portfolio
 		PSFE
Paysafe Ltd
1.94% of portfolio
 		XOP
SPDR S&P Oil & Gas Exploration & Production ETF
1.60% of portfolio
 		MSFT
Microsoft Corp.
1.56% of portfolio
 		DHI
D.R. Horton
1.49% of portfolio
 		UNH
United Health Group Inc.
1.48% of portfolio
 		QCOM
QUALCOMM Inc.
1.43% of portfolio
2020   Q4$6.69 B TMUS
T-Mobile US Inc.
9.89% of portfolio
 		AMZN
Amazon.com Inc.
9.63% of portfolio
 		MU
Micron Technology Inc.
8.99% of portfolio
 		META
Meta Platforms Inc.
8.21% of portfolio
 		PCG
PG&E Corp.
7.89% of portfolio
 		GOOG
Alphabet Inc. CL C
6.67% of portfolio
 		BABA
Alibaba Group Holdings
6.61% of portfolio
 		TWTR-OLD
Twitter Inc.
3.85% of portfolio
 		HCA
HCA Healthcare Inc.
2.46% of portfolio
 		ET
Energy Transfer LP
2.22% of portfolio
 		MA
Mastercard Inc.
2.15% of portfolio
 		OXY
Occidental Petroleum
2.10% of portfolio
 		V
Visa Inc.
2.03% of portfolio
 		DIS
Walt Disney Co.
2.02% of portfolio
 		PYPL
PayPal Holdings Inc.
1.84% of portfolio
 		CRM
Salesforce.com
1.83% of portfolio
 		MSFT
Microsoft Corp.
1.83% of portfolio
 		XLE
Energy Select Sector SPDR
1.77% of portfolio
 		ADBE
Adobe Inc.
1.50% of portfolio
 		SYY
Sysco Corp.
1.39% of portfolio
2020   Q3$5.66 B PCG
PG&E Corp.
13.41% of portfolio
 		BABA
Alibaba Group Holdings
11.54% of portfolio
 		TMUS
T-Mobile US Inc.
10.54% of portfolio
 		MU
Micron Technology Inc.
10.17% of portfolio
 		META
Meta Platforms Inc.
8.18% of portfolio
 		AMZN
Amazon.com Inc.
7.88% of portfolio
 		GOOG
Alphabet Inc. CL C
6.69% of portfolio
 		TWTR-OLD
Twitter Inc.
3.67% of portfolio
 		MA
Mastercard Inc.
2.65% of portfolio
 		V
Visa Inc.
2.40% of portfolio
 		T
AT&T Inc.
2.33% of portfolio
 		PYPL
PayPal Holdings Inc.
2.13% of portfolio
 		HCA
HCA Healthcare Inc.
2.06% of portfolio
 		CRM
Salesforce.com
1.94% of portfolio
 		DIS
Walt Disney Co.
1.93% of portfolio
 		ET
Energy Transfer LP
1.82% of portfolio
 		ADBE
Adobe Inc.
1.52% of portfolio
 		EMR
Emerson Electric
1.43% of portfolio
 		SYY
Sysco Corp.
1.40% of portfolio
 		NFLX
Netflix Inc.
1.16% of portfolio
2020   Q2$5.76 B BABA
Alibaba Group Holdings
12.64% of portfolio
 		AMZN
Amazon.com Inc.
10.78% of portfolio
 		TMUS
T-Mobile US Inc.
10.67% of portfolio
 		META
Meta Platforms Inc.
8.81% of portfolio
 		MU
Micron Technology Inc.
8.37% of portfolio
 		GOOG
Alphabet Inc. CL C
8.20% of portfolio
 		T
AT&T Inc.
4.77% of portfolio
 		TWTR-OLD
Twitter Inc.
2.87% of portfolio
 		V
Visa Inc.
2.82% of portfolio
 		MA
Mastercard Inc.
2.80% of portfolio
 		PYPL
PayPal Holdings Inc.
2.63% of portfolio
 		DIS
Walt Disney Co.
2.32% of portfolio
 		ET
Energy Transfer LP
1.87% of portfolio
 		NFLX
Netflix Inc.
1.82% of portfolio
 		SYY
Sysco Corp.
1.78% of portfolio
 		HCA
HCA Healthcare Inc.
1.77% of portfolio
 		CRM
Salesforce.com
1.63% of portfolio
 		ADBE
Adobe Inc.
1.56% of portfolio
 		EMR
Emerson Electric
1.51% of portfolio
 		PCG
PG&E Corp.
1.38% of portfolio
2020   Q1$3.27 B AMZN
Amazon.com Inc.
14.92% of portfolio
 		BABA
Alibaba Group Holdings
13.49% of portfolio
 		GOOG
Alphabet Inc. CL C
12.85% of portfolio
 		META
Meta Platforms Inc.
12.32% of portfolio
 		MU
Micron Technology Inc.
11.41% of portfolio
 		TWTR-OLD
Twitter Inc.
4.16% of portfolio
 		AGN
Allergan Plc
3.77% of portfolio
 		PCG
PG&E Corp.
3.12% of portfolio
 		NFLX
Netflix Inc.
2.93% of portfolio
 		ET
Energy Transfer LP
2.29% of portfolio
 		ADBE
Adobe Inc.
2.17% of portfolio
 		CRM
Salesforce.com
2.05% of portfolio
 		TMUS
T-Mobile US Inc.
1.98% of portfolio
 		UNH
United Health Group Inc.
1.91% of portfolio
 		AVGO
Broadcom Inc.
1.69% of portfolio
 		S-OLD
Sprint Corp.
1.68% of portfolio
 		QCOM
QUALCOMM Inc.
1.15% of portfolio
 		HCA
HCA Healthcare Inc.
0.78% of portfolio
 		TSLA
Tesla Inc.
0.67% of portfolio
 		AMLP
Alerian MLP ETF
0.64% of portfolio
2019   Q4$3.88 B GOOG
Alphabet Inc. CL C
15.15% of portfolio
 		META
Meta Platforms Inc.
14.93% of portfolio
 		AMZN
Amazon.com Inc.
13.87% of portfolio
 		BABA
Alibaba Group Holdings
13.11% of portfolio
 		MU
Micron Technology Inc.
11.22% of portfolio
 		AGN
Allergan Plc
6.38% of portfolio
 		PCG
PG&E Corp.
4.87% of portfolio
 		ET
Energy Transfer LP
3.71% of portfolio
 		CZR
Caesars Entertainment
3.52% of portfolio
 		UNH
United Health Group Inc.
2.27% of portfolio
 		AVGO
Broadcom Inc.
2.24% of portfolio
 		CRM
Salesforce.com
2.09% of portfolio
 		ADBE
Adobe Inc.
2.04% of portfolio
 		TMUS
T-Mobile US Inc.
1.41% of portfolio
 		VST
Vistra Corp.
1.02% of portfolio
 		HUM
Humana Inc.
0.71% of portfolio
 		LNG
Cheniere Energy Inc.
0.64% of portfolio
 		I
Intelsat S.A.
0.52% of portfolio
 		CWEN
Clearway Energy CL C
0.23% of portfolio
 		CWEN.A
Clearway Energy CL A
0.07% of portfolio
2019   Q3$3.3 B GOOG
Alphabet Inc. CL C
16.46% of portfolio
 		META
Meta Platforms Inc.
15.27% of portfolio
 		AMZN
Amazon.com Inc.
13.96% of portfolio
 		AABA
Altaba Inc.
8.18% of portfolio
 		MU
Micron Technology Inc.
7.80% of portfolio
 		AGN
Allergan Plc
6.61% of portfolio
 		BABA
Alibaba Group Holdings
6.60% of portfolio
 		PCG
PG&E Corp.
5.50% of portfolio
 		CZR
Caesars Entertainment
3.96% of portfolio
 		ET
Energy Transfer LP
2.32% of portfolio
 		AVGO
Broadcom Inc.
2.30% of portfolio
 		CRM
Salesforce.com
2.25% of portfolio
 		ADBE
Adobe Inc.
1.72% of portfolio
 		TMUS
T-Mobile US Inc.
1.67% of portfolio
 		UNH
United Health Group Inc.
1.65% of portfolio
 		VST
Vistra Corp.
1.39% of portfolio
 		LNG
Cheniere Energy Inc.
0.78% of portfolio
 		HUM
Humana Inc.
0.58% of portfolio
 		BA
Boeing Co.
0.35% of portfolio
 		CWEN
Clearway Energy CL C
0.33% of portfolio
2019   Q2$2.24 B PCG
PG&E Corp.
17.19% of portfolio
 		META
Meta Platforms Inc.
15.92% of portfolio
 		AMZN
Amazon.com Inc.
15.62% of portfolio
 		GOOG
Alphabet Inc. CL C
10.36% of portfolio
 		AGN
Allergan Plc
9.67% of portfolio
 		CZR
Caesars Entertainment
5.90% of portfolio
 		ET
Energy Transfer LP
3.67% of portfolio
 		UNH
United Health Group Inc.
3.64% of portfolio
 		CRM
Salesforce.com
3.38% of portfolio
 		AABA
Altaba Inc.
3.25% of portfolio
 		TMUS
T-Mobile US Inc.
2.31% of portfolio
 		VST
Vistra Corp.
1.74% of portfolio
 		MU
Micron Technology Inc.
1.55% of portfolio
 		ADBE
Adobe Inc.
1.47% of portfolio
 		LNG
Cheniere Energy Inc.
1.25% of portfolio
 		HUM
Humana Inc.
1.13% of portfolio
 		CWEN
Clearway Energy CL C
0.53% of portfolio
 		I
Intelsat S.A.
0.51% of portfolio
 		COOP
Mr. Cooper Group Inc.
0.46% of portfolio
 		CNC
Centene Corp.
0.30% of portfolio
2019   Q1$3.31 B MU
Micron Technology Inc.
24.04% of portfolio
 		AGN
Allergan Plc
13.86% of portfolio
 		PCG
PG&E Corp.
12.42% of portfolio
 		META
Meta Platforms Inc.
10.07% of portfolio
 		AMZN
Amazon.com Inc.
8.88% of portfolio
 		AABA
Altaba Inc.
5.26% of portfolio
 		GOOG
Alphabet Inc. CL C
5.14% of portfolio
 		BABA
Alibaba Group Holdings
3.86% of portfolio
 		CZR
Caesars Entertainment
3.61% of portfolio
 		ET
Energy Transfer LP
3.11% of portfolio
 		TMUS
T-Mobile US Inc.
1.88% of portfolio
 		UNH
United Health Group Inc.
1.87% of portfolio
 		VST
Vistra Corp.
1.78% of portfolio
 		LNG
Cheniere Energy Inc.
1.21% of portfolio
 		CRM
Salesforce.com
0.96% of portfolio
 		ADBE
Adobe Inc.
0.81% of portfolio
 		COOP
Mr. Cooper Group Inc.
0.76% of portfolio
 		CWEN
Clearway Energy CL C
0.39% of portfolio
 		CWEN.A
Clearway Energy CL A
0.11% of portfolio
2018   Q4$2.03 B MU
Micron Technology Inc.
24.98% of portfolio
 		META
Meta Platforms Inc.
9.19% of portfolio
 		PCG
PG&E Corp.
7.56% of portfolio
 		AGN
Allergan Plc
7.56% of portfolio
 		GOOG
Alphabet Inc. CL C
7.42% of portfolio
 		AABA
Altaba Inc.
6.68% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
5.02% of portfolio
 		ET
Energy Transfer LP
5.02% of portfolio
 		CZR
Caesars Entertainment
4.43% of portfolio
 		TMUS
T-Mobile US Inc.
3.25% of portfolio
 		UNH
United Health Group Inc.
3.06% of portfolio
 		AY
Atlantica Yield plc
2.89% of portfolio
 		VST
Vistra Corp.
2.85% of portfolio
 		ALL
Allstate Corp.
2.47% of portfolio
 		COOP
Mr. Cooper Group Inc.
2.36% of portfolio
 		LNG
Cheniere Energy Inc.
1.71% of portfolio
 		TERP
TerraForm Power Inc.
1.48% of portfolio
 		NRG
NRG Energy Inc.
0.90% of portfolio
 		WFC
Wells Fargo
0.68% of portfolio
 		KMT
Kennametal Inc.
0.32% of portfolio
2018   Q3$5.61 B MU
Micron Technology Inc.
29.03% of portfolio
 		META
Meta Platforms Inc.
9.68% of portfolio
 		AGN
Allergan Plc
6.77% of portfolio
 		BABA
Alibaba Group Holdings
4.41% of portfolio
 		GOOG
Alphabet Inc. CL C
4.26% of portfolio
 		AABA
Altaba Inc.
4.11% of portfolio
 		TMUS
T-Mobile US Inc.
3.37% of portfolio
 		PCG
PG&E Corp.
3.27% of portfolio
 		LRCX
Lam Research
3.18% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
2.88% of portfolio
 		XPO
XPO Logistics
2.75% of portfolio
 		CZR
Caesars Entertainment
2.65% of portfolio
 		BAC
Bank of America Corp.
1.78% of portfolio
 		STT
State Street Corp.
1.77% of portfolio
 		NRG
NRG Energy Inc.
1.75% of portfolio
 		UNH
United Health Group Inc.
1.65% of portfolio
 		COOP
Mr. Cooper Group Inc.
1.56% of portfolio
 		CNC
Centene Corp.
1.52% of portfolio
 		DG
Dollar General
1.45% of portfolio
 		AY
Atlantica Yield plc
1.23% of portfolio
2018   Q2$8.65 B MU
Micron Technology Inc.
24.58% of portfolio
 		META
Meta Platforms Inc.
11.40% of portfolio
 		AGN
Allergan Plc
6.54% of portfolio
 		BABA
Alibaba Group Holdings
5.67% of portfolio
 		AABA
Altaba Inc.
5.43% of portfolio
 		GOOG
Alphabet Inc. CL C
4.27% of portfolio
 		LRCX
Lam Research
2.76% of portfolio
 		TMUS
T-Mobile US Inc.
2.76% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
2.41% of portfolio
 		BAC
Bank of America Corp.
2.36% of portfolio
 		WFC
Wells Fargo
2.09% of portfolio
 		CZR
Caesars Entertainment
1.95% of portfolio
 		XPO
XPO Logistics
1.91% of portfolio
 		UNH
United Health Group Inc.
1.50% of portfolio
 		CNC
Centene Corp.
1.46% of portfolio
 		ALLY
Ally Financial Inc.
1.46% of portfolio
 		TMO
Thermo Fisher Scientific
1.40% of portfolio
 		UBS
UBS AG
1.22% of portfolio
 		KEY
KeyCorp
1.21% of portfolio
 		HUN
Huntsman Corp.
1.05% of portfolio
2018   Q1$9.32 B MU
Micron Technology Inc.
19.81% of portfolio
 		META
Meta Platforms Inc.
10.65% of portfolio
 		BABA
Alibaba Group Holdings
7.98% of portfolio
 		AGN
Allergan Plc
6.68% of portfolio
 		AABA
Altaba Inc.
6.37% of portfolio
 		GOOG
Alphabet Inc. CL C
4.49% of portfolio
 		BAC
Bank of America Corp.
3.53% of portfolio
 		LRCX
Lam Research
2.82% of portfolio
 		TMUS
T-Mobile US Inc.
2.72% of portfolio
 		XPO
XPO Logistics
2.33% of portfolio
 		ALLY
Ally Financial Inc.
2.32% of portfolio
 		NRG
NRG Energy Inc.
2.21% of portfolio
 		WFC
Wells Fargo
1.65% of portfolio
 		UNH
United Health Group Inc.
1.62% of portfolio
 		MGM
MGM Resorts International
1.53% of portfolio
 		CZR
Caesars Entertainment
1.53% of portfolio
 		CNC
Centene Corp.
1.40% of portfolio
 		TMO
Thermo Fisher Scientific
1.32% of portfolio
 		UBS
UBS AG
1.31% of portfolio
 		DG
Dollar General
1.22% of portfolio
2017   Q4$8.75 B MU
Micron Technology Inc.
12.93% of portfolio
 		META
Meta Platforms Inc.
11.15% of portfolio
 		AAPL
Apple Inc.
8.87% of portfolio
 		BABA
Alibaba Group Holdings
8.51% of portfolio
 		AABA
Altaba Inc.
7.08% of portfolio
 		AGN
Allergan Plc
6.48% of portfolio
 		BAC
Bank of America Corp.
5.79% of portfolio
 		GOOG
Alphabet Inc. CL C
4.25% of portfolio
 		NRG
NRG Energy Inc.
3.18% of portfolio
 		TMUS
T-Mobile US Inc.
2.80% of portfolio
 		ALLY
Ally Financial Inc.
2.68% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
2.67% of portfolio
 		XPO
XPO Logistics
2.31% of portfolio
 		WPZ
Williams Partners LP
1.65% of portfolio
 		URI
United Rentals
1.50% of portfolio
 		UNH
United Health Group Inc.
1.49% of portfolio
 		BSX
Boston Scientific
1.36% of portfolio
 		TMO
Thermo Fisher Scientific
1.24% of portfolio
 		OC
Owens Corning
1.04% of portfolio
 		HUN
Huntsman Corp.
1.00% of portfolio
2017   Q3$6.68 B MU
Micron Technology Inc.
10.04% of portfolio
 		BABA
Alibaba Group Holdings
9.21% of portfolio
 		META
Meta Platforms Inc.
8.44% of portfolio
 		GOOG
Alphabet Inc. CL C
8.15% of portfolio
 		AGN
Allergan Plc
5.79% of portfolio
 		AABA
Altaba Inc.
4.64% of portfolio
 		WPZ
Williams Partners LP
4.33% of portfolio
 		WDC
Western Digital Corp.
3.33% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
3.27% of portfolio
 		NRG
NRG Energy Inc.
3.23% of portfolio
 		AAPL
Apple Inc.
3.14% of portfolio
 		OC
Owens Corning
2.47% of portfolio
 		ALLY
Ally Financial Inc.
2.47% of portfolio
 		BAC
Bank of America Corp.
2.40% of portfolio
 		HUN
Huntsman Corp.
2.11% of portfolio
 		ALL
Allstate Corp.
2.02% of portfolio
 		UNH
United Health Group Inc.
1.96% of portfolio
 		URI
United Rentals
1.93% of portfolio
 		PNC
PNC Financial Services
1.86% of portfolio
 		TERP
TerraForm Power Inc.
1.69% of portfolio
2017   Q2$6.36 B AGN
Allergan Plc
9.60% of portfolio
 		GOOG
Alphabet Inc. CL C
8.36% of portfolio
 		BABA
Alibaba Group Holdings
8.19% of portfolio
 		MU
Micron Technology Inc.
6.06% of portfolio
 		WPZ
Williams Partners LP
5.80% of portfolio
 		META
Meta Platforms Inc.
5.60% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
4.76% of portfolio
 		AABA
Altaba Inc.
4.40% of portfolio
 		WDC
Western Digital Corp.
3.58% of portfolio
 		PNC
PNC Financial Services
3.50% of portfolio
 		BAC
Bank of America Corp.
3.35% of portfolio
 		OC
Owens Corning
2.63% of portfolio
 		ALL
Allstate Corp.
2.37% of portfolio
 		HUN
Huntsman Corp.
2.18% of portfolio
 		URI
United Rentals
2.05% of portfolio
 		MHK
Mohawk Industries
1.76% of portfolio
 		TERP
TerraForm Power Inc.
1.64% of portfolio
 		AY
Atlantica Yield plc
1.58% of portfolio
 		AAPL
Apple Inc.
1.42% of portfolio
 		UNH
United Health Group Inc.
1.36% of portfolio
2017   Q1$5.71 B AGN
Allergan Plc
12.30% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
7.65% of portfolio
 		WPZ
Williams Partners LP
7.13% of portfolio
 		GOOG
Alphabet Inc. CL C
6.90% of portfolio
 		META
Meta Platforms Inc.
4.75% of portfolio
 		PNC
PNC Financial Services
4.11% of portfolio
 		BAC
Bank of America Corp.
3.63% of portfolio
 		MU
Micron Technology Inc.
3.39% of portfolio
 		GM
General Motors
3.21% of portfolio
 		LUV
Southwest Airlines
2.91% of portfolio
 		OC
Owens Corning
2.81% of portfolio
 		ALL
Allstate Corp.
2.65% of portfolio
 		HUN
Huntsman Corp.
2.39% of portfolio
 		MHK
Mohawk Industries
2.27% of portfolio
 		RF
Regions Financial Corp.
2.24% of portfolio
 		KMI
Kinder Morgan
2.01% of portfolio
 		AY
Atlantica Yield plc
1.91% of portfolio
 		TERP
TerraForm Power Inc.
1.89% of portfolio
 		WDC
Western Digital Corp.
1.88% of portfolio
 		PFE
Pfizer Inc.
1.81% of portfolio
2016   Q4$5.35 B AGN
Allergan Plc
16.72% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
8.00% of portfolio
 		GOOG
Alphabet Inc. CL C
6.97% of portfolio
 		WPZ
Williams Partners LP
6.74% of portfolio
 		META
Meta Platforms Inc.
4.69% of portfolio
 		PNC
PNC Financial Services
4.26% of portfolio
 		ALL
Allstate Corp.
3.59% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.42% of portfolio
 		PFE
Pfizer Inc.
2.92% of portfolio
 		OC
Owens Corning
2.62% of portfolio
 		MHK
Mohawk Industries
2.36% of portfolio
 		MYL-OLD
Mylan NV
2.33% of portfolio
 		AY
Atlantica Yield plc
2.10% of portfolio
 		TERP
TerraForm Power Inc.
2.08% of portfolio
 		HUN
Huntsman Corp.
2.04% of portfolio
 		RF
Regions Financial Corp.
1.97% of portfolio
 		WHR
Whirlpool Corp.
1.93% of portfolio
 		CFG
Citizens Financial Group Inc.
1.88% of portfolio
 		QCOM
QUALCOMM Inc.
1.71% of portfolio
 		HCA
HCA Healthcare Inc.
1.58% of portfolio
2016   Q3$3.8 B ETP-OLD
Energy Transfer Partners LP
11.32% of portfolio
 		GOOG
Alphabet Inc. CL C
9.66% of portfolio
 		WPZ
Williams Partners LP
9.08% of portfolio
 		AGN
Allergan Plc
7.39% of portfolio
 		ALL
Allstate Corp.
5.68% of portfolio
 		META
Meta Platforms Inc.
5.01% of portfolio
 		WHR
Whirlpool Corp.
4.95% of portfolio
 		OC
Owens Corning
4.15% of portfolio
 		TERP
TerraForm Power Inc.
3.19% of portfolio
 		SYF
Synchrony Financial
3.07% of portfolio
 		MHK
Mohawk Industries
3.05% of portfolio
 		AY
Atlantica Yield plc
3.01% of portfolio
 		HUN
Huntsman Corp.
2.72% of portfolio
 		HCA
HCA Healthcare Inc.
2.46% of portfolio
 		AAPL
Apple Inc.
2.38% of portfolio
 		HDS
HD Supply Holdings
2.38% of portfolio
 		KMI
Kinder Morgan
2.22% of portfolio
 		YHOO
Yahoo Inc.
2.04% of portfolio
 		TPX
Tempur Sealy Int.
1.77% of portfolio
 		WDC
Western Digital Corp.
1.77% of portfolio
2016   Q2$3.74 B GOOG
Alphabet Inc. CL C
11.67% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
11.63% of portfolio
 		WPZ
Williams Partners LP
8.59% of portfolio
 		AGN
Allergan Plc
7.79% of portfolio
 		ALL
Allstate Corp.
6.24% of portfolio
 		WHR
Whirlpool Corp.
5.82% of portfolio
 		OC
Owens Corning
4.60% of portfolio
 		SYF
Synchrony Financial
4.10% of portfolio
 		MHK
Mohawk Industries
3.86% of portfolio
 		LUV
Southwest Airlines
3.65% of portfolio
 		AY
Atlantica Yield plc
3.13% of portfolio
 		NXPI
NXP Semiconductors NV
2.93% of portfolio
 		HDS
HD Supply Holdings
2.57% of portfolio
 		TERP
TerraForm Power Inc.
2.54% of portfolio
 		HCA
HCA Healthcare Inc.
2.51% of portfolio
 		HUN
Huntsman Corp.
2.42% of portfolio
 		FOXA
Fox Corporation
2.37% of portfolio
 		CYH
Community Health Systems
2.02% of portfolio
 		WDC
Western Digital Corp.
1.83% of portfolio
 		HAIN
Hain Celestial Group
1.71% of portfolio
2016   Q1$4.84 B ETP-OLD
Energy Transfer Partners LP
10.81% of portfolio
 		GOOG
Alphabet Inc. CL C
9.25% of portfolio
 		DAL
Delta Air Lines Inc.
8.65% of portfolio
 		WPZ
Williams Partners LP
5.60% of portfolio
 		WHR
Whirlpool Corp.
5.26% of portfolio
 		HCA
HCA Healthcare Inc.
5.12% of portfolio
 		ALL
Allstate Corp.
4.45% of portfolio
 		LUV
Southwest Airlines
4.04% of portfolio
 		META
Meta Platforms Inc.
3.84% of portfolio
 		OC
Owens Corning
3.27% of portfolio
 		SYF
Synchrony Financial
2.97% of portfolio
 		CYH
Community Health Systems
2.74% of portfolio
 		NXPI
NXP Semiconductors NV
2.42% of portfolio
 		AY
Atlantica Yield plc
2.34% of portfolio
 		HDS
HD Supply Holdings
2.27% of portfolio
 		HUN
Huntsman Corp.
2.21% of portfolio
 		MHK
Mohawk Industries
2.19% of portfolio
 		BAC
Bank of America Corp.
1.95% of portfolio
 		FOXA
Fox Corporation
1.71% of portfolio
 		KMI
Kinder Morgan
1.66% of portfolio
2015   Q4$4.33 B GM
General Motors
9.89% of portfolio
 		GOOG
Alphabet Inc. CL C
9.40% of portfolio
 		DAL
Delta Air Lines Inc.
8.58% of portfolio
 		HCA
HCA Healthcare Inc.
7.09% of portfolio
 		WHR
Whirlpool Corp.
5.48% of portfolio
 		LUV
Southwest Airlines
4.27% of portfolio
 		ALL
Allstate Corp.
4.19% of portfolio
 		ETP-OLD
Energy Transfer Partners LP
4.01% of portfolio
 		OC
Owens Corning
3.65% of portfolio
 		KMI
Kinder Morgan
3.26% of portfolio
 		BKNG
Booking Holdings Inc.
3.24% of portfolio
 		AAPL
Apple Inc.
3.08% of portfolio
 		AY
Atlantica Yield plc
2.81% of portfolio
 		HDS
HD Supply Holdings
2.22% of portfolio
 		TERP
TerraForm Power Inc.
2.21% of portfolio
 		HUN
Huntsman Corp.
2.11% of portfolio
 		PFE
Pfizer Inc.
1.80% of portfolio
 		PPG
PPG Industries
1.72% of portfolio
 		GT
Goodyear Tire & Rubber
1.62% of portfolio
 		NXPI
NXP Semiconductors NV
1.56% of portfolio
2015   Q3$2.82 B GM
General Motors
13.74% of portfolio
 		HCA
HCA Healthcare Inc.
9.77% of portfolio
 		DAL
Delta Air Lines Inc.
9.69% of portfolio
 		NXPI
NXP Semiconductors NV
7.10% of portfolio
 		GT
Goodyear Tire & Rubber
6.18% of portfolio
 		WHR
Whirlpool Corp.
5.93% of portfolio
 		AAPL
Apple Inc.
5.13% of portfolio
 		OC
Owens Corning
5.00% of portfolio
 		BKNG
Booking Holdings Inc.
4.31% of portfolio
 		JBLU
JetBlue Airways Corp.
4.11% of portfolio
 		GOOG
Alphabet Inc. CL C
4.03% of portfolio
 		HUN
Huntsman Corp.
2.77% of portfolio
 		HDS
HD Supply Holdings
2.31% of portfolio
 		LUV
Southwest Airlines
2.21% of portfolio
 		EXP
Eagle Materials Inc.
1.88% of portfolio
 		EMN
Eastman Chemical
1.80% of portfolio
 		URI
United Rentals
1.78% of portfolio
 		CBI
Chicago Bridge & Iron Company
1.77% of portfolio
 		COOP
Mr. Cooper Group Inc.
1.55% of portfolio
 		ALL
Allstate Corp.
1.29% of portfolio
2015   Q2$4.03 B GM
General Motors
15.54% of portfolio
 		HCA
HCA Healthcare Inc.
9.41% of portfolio
 		AAPL
Apple Inc.
7.83% of portfolio
 		GT
Goodyear Tire & Rubber
7.47% of portfolio
 		BKNG
Booking Holdings Inc.
6.55% of portfolio
 		WHR
Whirlpool Corp.
4.76% of portfolio
 		GOOG
Alphabet Inc. CL C
4.51% of portfolio
 		HUN
Huntsman Corp.
4.42% of portfolio
 		DAL
Delta Air Lines Inc.
4.35% of portfolio
 		NXPI
NXP Semiconductors NV
4.05% of portfolio
 		OC
Owens Corning
3.68% of portfolio
 		BABA
Alibaba Group Holdings
2.77% of portfolio
 		JBLU
JetBlue Airways Corp.
2.55% of portfolio
 		HDS
HD Supply Holdings
2.19% of portfolio
 		UAL
United Airlines Holdings Inc.
1.99% of portfolio
 		EMN
Eastman Chemical
1.75% of portfolio
 		MYL-OLD
Mylan NV
1.67% of portfolio
 		MAS
Masco Corp.
1.56% of portfolio
 		CBI
Chicago Bridge & Iron Company
1.49% of portfolio
 		TGI
Triumph Group Inc.
1.36% of portfolio
2015   Q1$4.2 B GM
General Motors
13.64% of portfolio
 		HCA
HCA Healthcare Inc.
8.78% of portfolio
 		BKNG
Booking Holdings Inc.
8.53% of portfolio
 		GT
Goodyear Tire & Rubber
6.43% of portfolio
 		UAL
United Airlines Holdings Inc.
6.35% of portfolio
 		WHR
Whirlpool Corp.
5.44% of portfolio
 		GOOG
Alphabet Inc. CL C
5.32% of portfolio
 		DAL
Delta Air Lines Inc.
5.00% of portfolio
 		GOOGL
Alphabet Inc.
4.52% of portfolio
 		NXPI
NXP Semiconductors NV
4.36% of portfolio
 		HUN
Huntsman Corp.
4.26% of portfolio
 		OC
Owens Corning
3.03% of portfolio
 		MAS
Masco Corp.
2.74% of portfolio
 		MU
Micron Technology Inc.
2.29% of portfolio
 		JBLU
JetBlue Airways Corp.
2.17% of portfolio
 		HDS
HD Supply Holdings
2.11% of portfolio
 		EMN
Eastman Chemical
1.50% of portfolio
 		CBI
Chicago Bridge & Iron Company
1.40% of portfolio
 		LO
Lorillard Inc.
1.31% of portfolio
 		USG
USG Corp.
1.20% of portfolio
2014   Q4$4.02 B GM
General Motors
12.75% of portfolio
 		HCA
HCA Healthcare Inc.
9.15% of portfolio
 		BKNG
Booking Holdings Inc.
8.99% of portfolio
 		WHR
Whirlpool Corp.
8.19% of portfolio
 		UAL
United Airlines Holdings Inc.
8.19% of portfolio
 		GT
Goodyear Tire & Rubber
7.28% of portfolio
 		GOOG
Alphabet Inc. CL C
6.55% of portfolio
 		AAL
American Airlines Group Inc.
5.81% of portfolio
 		GOOGL
Alphabet Inc.
4.88% of portfolio
 		NXPI
NXP Semiconductors NV
4.47% of portfolio
 		DAL
Delta Air Lines Inc.
3.94% of portfolio
 		HUN
Huntsman Corp.
3.47% of portfolio
 		MAS
Masco Corp.
2.88% of portfolio
 		OC
Owens Corning
2.53% of portfolio
 		LO
Lorillard Inc.
1.69% of portfolio
 		CBI
Chicago Bridge & Iron Company
1.41% of portfolio
 		TGI
Triumph Group Inc.
1.27% of portfolio
 		AXLL
Axiall Corp.
1.20% of portfolio
 		TEX
Terex Corp.
1.15% of portfolio
 		HDS
HD Supply Holdings
0.96% of portfolio
2014   Q3$6.18 B GM
General Motors
7.68% of portfolio
 		C
Citigroup Inc.
6.97% of portfolio
 		BKNG
Booking Holdings Inc.
6.87% of portfolio
 		HCA
HCA Healthcare Inc.
6.08% of portfolio
 		GOOG
Alphabet Inc. CL C
5.95% of portfolio
 		HAL
Halliburton Co.
5.24% of portfolio
 		WHR
Whirlpool Corp.
4.71% of portfolio
 		META
Meta Platforms Inc.
4.58% of portfolio
 		DAL
Delta Air Lines Inc.
4.37% of portfolio
 		GOOGL
Alphabet Inc.
4.21% of portfolio
 		AAL
American Airlines Group Inc.
4.18% of portfolio
 		GT
Goodyear Tire & Rubber
4.12% of portfolio
 		UAL
United Airlines Holdings Inc.
3.75% of portfolio
 		HUN
Huntsman Corp.
3.08% of portfolio
 		NXPI
NXP Semiconductors NV
2.80% of portfolio
 		CBS
CBS Corp.
2.47% of portfolio
 		MAS
Masco Corp.
2.24% of portfolio
 		AAPL
Apple Inc.
1.89% of portfolio
 		F
Ford Motor
1.74% of portfolio
 		OC
Owens Corning
1.69% of portfolio
2014   Q2$6.55 B AAL
American Airlines Group Inc.
7.64% of portfolio
 		GM
General Motors
7.19% of portfolio
 		C
Citigroup Inc.
6.20% of portfolio
 		BKNG
Booking Holdings Inc.
5.78% of portfolio
 		GOOG
Alphabet Inc. CL C
5.59% of portfolio
 		HAL
Halliburton Co.
5.45% of portfolio
 		GT
Goodyear Tire & Rubber
4.78% of portfolio
 		HCA
HCA Healthcare Inc.
4.58% of portfolio
 		GOOGL
Alphabet Inc.
3.95% of portfolio
 		DAL
Delta Air Lines Inc.
3.79% of portfolio
 		META
Meta Platforms Inc.
3.68% of portfolio
 		UAL
United Airlines Holdings Inc.
3.24% of portfolio
 		HUN
Huntsman Corp.
3.14% of portfolio
 		AAPL
Apple Inc.
2.39% of portfolio
 		WHR
Whirlpool Corp.
2.15% of portfolio
 		MAS
Masco Corp.
2.09% of portfolio
 		CBS
CBS Corp.
2.05% of portfolio
 		OC
Owens Corning
1.94% of portfolio
 		F
Ford Motor
1.92% of portfolio
 		DIS
Walt Disney Co.
1.80% of portfolio
2014   Q1$5.74 B GOOGL
Alphabet Inc.
8.59% of portfolio
 		C
Citigroup Inc.
8.36% of portfolio
 		AAL
American Airlines Group Inc.
5.49% of portfolio
 		HAL
Halliburton Co.
5.16% of portfolio
 		GT
Goodyear Tire & Rubber
5.14% of portfolio
 		HCA
HCA Healthcare Inc.
4.87% of portfolio
 		GM
General Motors
4.73% of portfolio
 		BKNG
Booking Holdings Inc.
3.80% of portfolio
 		UAL
United Airlines Holdings Inc.
3.61% of portfolio
 		DAL
Delta Air Lines Inc.
3.60% of portfolio
 		HUN
Huntsman Corp.
3.11% of portfolio
 		WHR
Whirlpool Corp.
2.65% of portfolio
 		AAPL
Apple Inc.
2.34% of portfolio
 		OC
Owens Corning
2.29% of portfolio
 		F
Ford Motor
1.98% of portfolio
 		DIS
Walt Disney Co.
1.92% of portfolio
 		CBI
Chicago Bridge & Iron Company
1.86% of portfolio
 		EMN
Eastman Chemical
1.73% of portfolio
 		MGM
MGM Resorts International
1.62% of portfolio
 		CBS
CBS Corp.
1.36% of portfolio
2013   Q4$5.05 B C
Citigroup Inc.
9.98% of portfolio
 		GT
Goodyear Tire & Rubber
5.74% of portfolio
 		GOOGL
Alphabet Inc.
5.25% of portfolio
 		HCA
HCA Healthcare Inc.
4.82% of portfolio
 		UAL
United Airlines Holdings Inc.
4.53% of portfolio
 		GM
General Motors
4.02% of portfolio
 		HUN
Huntsman Corp.
3.72% of portfolio
 		AAL
American Airlines Group Inc.
3.51% of portfolio
 		DAL
Delta Air Lines Inc.
3.06% of portfolio
 		MGM
MGM Resorts International
2.99% of portfolio
 		MET
MetLife Inc.
2.58% of portfolio
 		PRU
Prudential Financial
2.57% of portfolio
 		AIG
American International Group
2.55% of portfolio
 		OC
Owens Corning
2.43% of portfolio
 		AAPL
Apple Inc.
2.39% of portfolio
 		F
Ford Motor
2.23% of portfolio
 		CBI
Chicago Bridge & Iron Company
2.04% of portfolio
 		FLR
Fluor Corp.
1.93% of portfolio
 		HIG
Hartford Financial Svc.Gp.
1.85% of portfolio
 		TEX
Terex Corp.
1.70% of portfolio
2013   Q3$4.95 B C
Citigroup Inc.
9.54% of portfolio
 		GT
Goodyear Tire & Rubber
8.55% of portfolio
 		UAL
United Airlines Holdings Inc.
5.29% of portfolio
 		DAL
Delta Air Lines Inc.
4.00% of portfolio
 		HCA
HCA Healthcare Inc.
3.95% of portfolio
 		MET
MetLife Inc.
3.83% of portfolio
 		GM
General Motors
3.62% of portfolio
 		LCC
US Airways Group Inc.
3.60% of portfolio
 		QCOM
QUALCOMM Inc.
3.43% of portfolio
 		HUN
Huntsman Corp.
3.26% of portfolio
 		AIG
American International Group
2.73% of portfolio
 		MGM
MGM Resorts International
2.72% of portfolio
 		PRU
Prudential Financial
2.67% of portfolio
 		F
Ford Motor
2.62% of portfolio
 		GOOGL
Alphabet Inc.
2.57% of portfolio
 		HIG
Hartford Financial Svc.Gp.
2.55% of portfolio
 		AAPL
Apple Inc.
2.35% of portfolio
 		FLR
Fluor Corp.
2.09% of portfolio
 		RIG
Transocean Ltd.
2.03% of portfolio
 		CBI
Chicago Bridge & Iron Company
2.01% of portfolio
2013   Q2$5.01 B C
Citigroup Inc.
9.19% of portfolio
 		GT
Goodyear Tire & Rubber
6.71% of portfolio
 		UAL
United Airlines Holdings Inc.
4.82% of portfolio
 		DAL
Delta Air Lines Inc.
3.84% of portfolio
 		MET
MetLife Inc.
3.75% of portfolio
 		QCOM
QUALCOMM Inc.
3.65% of portfolio
 		GM
General Motors
3.37% of portfolio
 		F
Ford Motor
3.23% of portfolio
 		LCC
US Airways Group Inc.
3.06% of portfolio
 		AAPL
Apple Inc.
3.03% of portfolio
 		GOOGL
Alphabet Inc.
2.90% of portfolio
 		HCA
HCA Healthcare Inc.
2.82% of portfolio
 		HIG
Hartford Financial Svc.Gp.
2.55% of portfolio
 		AIG
American International Group
2.53% of portfolio
 		PRU
Prudential Financial
2.52% of portfolio
 		RIG
Transocean Ltd.
2.45% of portfolio
 		HUN
Huntsman Corp.
2.30% of portfolio
 		BRCM-OLD
Broadcom Corp. OLD
2.18% of portfolio
 		MGM
MGM Resorts International
1.98% of portfolio
 		OC
Owens Corning
1.96% of portfolio
2013   Q1$4.54 B C
Citigroup Inc.
8.30% of portfolio
 		UAL
United Airlines Holdings Inc.
6.00% of portfolio
 		AAPL
Apple Inc.
5.26% of portfolio
 		QCOM
QUALCOMM Inc.
4.39% of portfolio
 		GT
Goodyear Tire & Rubber
4.23% of portfolio
 		LCC
US Airways Group Inc.
4.00% of portfolio
 		HCA
HCA Healthcare Inc.
3.87% of portfolio
 		MET
MetLife Inc.
3.85% of portfolio
 		AIG
American International Group
3.70% of portfolio
 		DAL
Delta Air Lines Inc.
3.57% of portfolio
 		GM
General Motors
3.48% of portfolio
 		F
Ford Motor
3.39% of portfolio
 		GOOGL
Alphabet Inc.
3.24% of portfolio
 		HUN
Huntsman Corp.
3.03% of portfolio
 		HIG
Hartford Financial Svc.Gp.
3.01% of portfolio
 		RIG
Transocean Ltd.
2.93% of portfolio
 		BRCM-OLD
Broadcom Corp. OLD
2.76% of portfolio
 		OC
Owens Corning
2.35% of portfolio
 		MSFT
Microsoft Corp.
2.20% of portfolio
 		EMC
EMC Corp.
2.12% of portfolio
2012   Q4$4.35 B AAPL
Apple Inc.
11.20% of portfolio
 		C
Citigroup Inc.
8.37% of portfolio
 		AIG
American International Group
4.92% of portfolio
 		UAL
United Airlines Holdings Inc.
4.91% of portfolio
 		GT
Goodyear Tire & Rubber
4.56% of portfolio
 		QCOM
QUALCOMM Inc.
3.95% of portfolio
 		LCC
US Airways Group Inc.
3.75% of portfolio
 		GM
General Motors
3.56% of portfolio
 		F
Ford Motor
3.33% of portfolio
 		GOOGL
Alphabet Inc.
3.02% of portfolio
 		HCA
HCA Healthcare Inc.
3.00% of portfolio
 		DAL
Delta Air Lines Inc.
2.82% of portfolio
 		HUN
Huntsman Corp.
2.71% of portfolio
 		BRCM-OLD
Broadcom Corp. OLD
2.61% of portfolio
 		HIG
Hartford Financial Svc.Gp.
2.57% of portfolio
 		MET
MetLife Inc.
2.57% of portfolio
 		EMC
EMC Corp.
2.41% of portfolio
 		JPM
JPMorgan Chase & Co.
2.33% of portfolio
 		OC
Owens Corning
2.02% of portfolio
 		MSFT
Microsoft Corp.
1.94% of portfolio
2012   Q3$3.54 B AAPL
Apple Inc.
9.81% of portfolio
 		C
Citigroup Inc.
9.41% of portfolio
 		AIG
American International Group
7.63% of portfolio
 		UAL
United Airlines Holdings Inc.
5.40% of portfolio
 		GT
Goodyear Tire & Rubber
4.92% of portfolio
 		GOOGL
Alphabet Inc.
4.15% of portfolio
 		QCOM
QUALCOMM Inc.
4.06% of portfolio
 		LCC
US Airways Group Inc.
4.02% of portfolio
 		GM
General Motors
3.82% of portfolio
 		BRCM-OLD
Broadcom Corp. OLD
3.48% of portfolio
 		HUN
Huntsman Corp.
3.34% of portfolio
 		F
Ford Motor
3.23% of portfolio
 		JPM
JPMorgan Chase & Co.
2.74% of portfolio
 		DAL
Delta Air Lines Inc.
2.68% of portfolio
 		ORCL
Oracle Corp.
2.46% of portfolio
 		OC
Owens Corning
2.29% of portfolio
 		MAS
Masco Corp.
2.24% of portfolio
 		EMC
EMC Corp.
2.16% of portfolio
 		MGM
MGM Resorts International
2.09% of portfolio
 		HIG
Hartford Financial Svc.Gp.
1.98% of portfolio
2012   Q2$2.6 B AAPL
Apple Inc.
11.58% of portfolio
 		C
Citigroup Inc.
9.75% of portfolio
 		UAL
United Airlines Holdings Inc.
8.86% of portfolio
 		LCC
US Airways Group Inc.
6.62% of portfolio
 		GT
Goodyear Tire & Rubber
5.10% of portfolio
 		GOOGL
Alphabet Inc.
4.93% of portfolio
 		QCOM
QUALCOMM Inc.
4.93% of portfolio
 		DAL
Delta Air Lines Inc.
4.01% of portfolio
 		GM
General Motors
3.57% of portfolio
 		ORCL
Oracle Corp.
3.53% of portfolio
 		BRCM-OLD
Broadcom Corp. OLD
3.23% of portfolio
 		HUN
Huntsman Corp.
3.14% of portfolio
 		F
Ford Motor
2.82% of portfolio
 		EMC
EMC Corp.
2.67% of portfolio
 		OC
Owens Corning
2.47% of portfolio
 		VLO
Valero Energy
2.14% of portfolio
 		MAS
Masco Corp.
2.04% of portfolio
 		WHR
Whirlpool Corp.
1.65% of portfolio
 		DF
Dean Foods
1.57% of portfolio
 		MSFT
Microsoft Corp.
1.33% of portfolio
2012   Q1$2.49 B AAPL
Apple Inc.
16.49% of portfolio
 		C
Citigroup Inc.
8.94% of portfolio
 		UAL
United Airlines Holdings Inc.
6.88% of portfolio
 		GOOGL
Alphabet Inc.
4.17% of portfolio
 		QCOM
QUALCOMM Inc.
4.13% of portfolio
 		GT
Goodyear Tire & Rubber
3.90% of portfolio
 		BRCM-OLD
Broadcom Corp. OLD
3.81% of portfolio
 		CVI
CVR Energy Inc.
3.45% of portfolio
 		F
Ford Motor
3.28% of portfolio
 		LCC
US Airways Group Inc.
3.25% of portfolio
 		HUN
Huntsman Corp.
2.89% of portfolio
 		BAC
Bank of America Corp.
2.86% of portfolio
 		ORCL
Oracle Corp.
2.73% of portfolio
 		DAL
Delta Air Lines Inc.
2.68% of portfolio
 		VLO
Valero Energy
2.64% of portfolio
 		HIG
Hartford Financial Svc.Gp.
2.42% of portfolio
 		GM
General Motors
2.27% of portfolio
 		MAS
Masco Corp.
2.23% of portfolio
 		DF
Dean Foods
2.15% of portfolio
 		OC
Owens Corning
2.13% of portfolio
2011   Q4$589 M CVI
CVR Energy Inc.
15.90% of portfolio
 		GT
Goodyear Tire & Rubber
14.56% of portfolio
 		AAPL
Apple Inc.
12.49% of portfolio
 		DF
Dean Foods
11.74% of portfolio
 		BSX
Boston Scientific
7.06% of portfolio
 		ORCL
Oracle Corp.
5.30% of portfolio
 		CLMT
Calumet Specialty Products
4.41% of portfolio
 		M
Macy's Inc.
4.06% of portfolio
 		MWA
Mueller Water Products
3.91% of portfolio
 		UAL
United Airlines Holdings Inc.
3.80% of portfolio
 		IP
International Paper
3.66% of portfolio
 		VLO
Valero Energy
3.24% of portfolio
 		MSFT
Microsoft Corp.
3.19% of portfolio
 		LCC
US Airways Group Inc.
2.79% of portfolio
 		MPG
MPG Office Trust Inc.
1.45% of portfolio
 		CF
CF Industries Holdings Inc.
1.21% of portfolio
 		DLPH
Delphi Technologies
0.84% of portfolio
 		MAS
Masco Corp.
0.26% of portfolio
 		BZH
Beazer Homes USA
0.12% of portfolio
2011   Q3$1.39 B CVI
CVR Energy Inc.
9.59% of portfolio
 		GT
Goodyear Tire & Rubber
7.81% of portfolio
 		VLO
Valero Energy
7.11% of portfolio
 		M
Macy's Inc.
6.22% of portfolio
 		UAL
United Airlines Holdings Inc.
5.59% of portfolio
 		IP
International Paper
5.54% of portfolio
 		DF
Dean Foods
5.06% of portfolio
 		CF
CF Industries Holdings Inc.
4.79% of portfolio
 		C
Citigroup Inc.
4.64% of portfolio
 		LCC
US Airways Group Inc.
3.67% of portfolio
 		MU
Micron Technology Inc.
3.18% of portfolio
 		AMAT
Applied Materials
3.08% of portfolio
 		MSFT
Microsoft Corp.
3.06% of portfolio
 		DINO
HF Sinclair Corp.
3.02% of portfolio
 		KLAC
KLA Corp.
2.85% of portfolio
 		MOS
Mosaic Co.
2.60% of portfolio
 		LRCX
Lam Research
2.47% of portfolio
 		GOOGL
Alphabet Inc.
1.90% of portfolio
 		MWA
Mueller Water Products
1.88% of portfolio
 		WNR
Western Refining Inc.
1.83% of portfolio
2011   Q2$4 B C
Citigroup Inc.
7.51% of portfolio
 		PFE
Pfizer Inc.
7.47% of portfolio
 		GT
Goodyear Tire & Rubber
5.88% of portfolio
 		VLO
Valero Energy
4.97% of portfolio
 		M
Macy's Inc.
4.62% of portfolio
 		CVI
CVR Energy Inc.
4.52% of portfolio
 		MOS
Mosaic Co.
4.05% of portfolio
 		IP
International Paper
3.80% of portfolio
 		UAL
United Airlines Holdings Inc.
3.15% of portfolio
 		CF
CF Industries Holdings Inc.
3.08% of portfolio
 		DF
Dean Foods
2.78% of portfolio
 		BAC
Bank of America Corp.
2.74% of portfolio
 		LCC
US Airways Group Inc.
2.74% of portfolio
 		MU
Micron Technology Inc.
2.72% of portfolio
 		HPQ
HP Inc.
2.61% of portfolio
 		MSFT
Microsoft Corp.
2.57% of portfolio
 		AMAT
Applied Materials
2.13% of portfolio
 		WFC
Wells Fargo
2.04% of portfolio
 		MRK
Merck & Co.
1.87% of portfolio
 		UNH
United Health Group Inc.
1.71% of portfolio
2011   Q1$3.96 B C
Citigroup Inc.
8.55% of portfolio
 		PFE
Pfizer Inc.
7.91% of portfolio
 		HPQ
HP Inc.
6.55% of portfolio
 		BAC
Bank of America Corp.
5.80% of portfolio
 		GT
Goodyear Tire & Rubber
5.77% of portfolio
 		IP
International Paper
4.37% of portfolio
 		M
Macy's Inc.
4.11% of portfolio
 		MU
Micron Technology Inc.
3.53% of portfolio
 		UAL
United Airlines Holdings Inc.
3.33% of portfolio
 		DF
Dean Foods
3.31% of portfolio
 		CF
CF Industries Holdings Inc.
3.21% of portfolio
 		AMAT
Applied Materials
3.13% of portfolio
 		MSFT
Microsoft Corp.
3.06% of portfolio
 		LCC
US Airways Group Inc.
2.74% of portfolio
 		WFC
Wells Fargo
2.47% of portfolio
 		LRCX
Lam Research
1.97% of portfolio
 		VLO
Valero Energy
1.93% of portfolio
 		KLAC
KLA Corp.
1.91% of portfolio
 		MRK
Merck & Co.
1.87% of portfolio
 		AAPL
Apple Inc.
1.76% of portfolio
2010   Q4$4.27 B C
Citigroup Inc.
13.00% of portfolio
 		BAC
Bank of America Corp.
7.82% of portfolio
 		PFE
Pfizer Inc.
6.79% of portfolio
 		HPQ
HP Inc.
5.76% of portfolio
 		WFC
Wells Fargo
5.41% of portfolio
 		MSFT
Microsoft Corp.
3.95% of portfolio
 		IP
International Paper
3.44% of portfolio
 		MU
Micron Technology Inc.
3.33% of portfolio
 		FITB
Fifth Third Bancorp
3.25% of portfolio
 		MRK
Merck & Co.
3.11% of portfolio
 		M
Macy's Inc.
3.09% of portfolio
 		AMAT
Applied Materials
2.99% of portfolio
 		STI
SunTrust Banks
2.90% of portfolio
 		CSCO
Cisco Systems
2.86% of portfolio
 		GT
Goodyear Tire & Rubber
2.79% of portfolio
 		DF
Dean Foods
2.23% of portfolio
 		UAL
United Airlines Holdings Inc.
2.15% of portfolio
 		CF
CF Industries Holdings Inc.
2.05% of portfolio
 		JNJ
Johnson & Johnson
1.91% of portfolio
 		LRCX
Lam Research
1.85% of portfolio
2010   Q3$2.74 B BAC
Bank of America Corp.
10.75% of portfolio
 		PFE
Pfizer Inc.
10.37% of portfolio
 		C
Citigroup Inc.
7.29% of portfolio
 		WFC
Wells Fargo
5.88% of portfolio
 		HPQ
HP Inc.
5.71% of portfolio
 		MRK
Merck & Co.
4.95% of portfolio
 		CSCO
Cisco Systems
4.80% of portfolio
 		FITB
Fifth Third Bancorp
4.53% of portfolio
 		M
Macy's Inc.
3.73% of portfolio
 		STI
SunTrust Banks
3.63% of portfolio
 		JNJ
Johnson & Johnson
2.99% of portfolio
 		MSFT
Microsoft Corp.
2.50% of portfolio
 		CF
CF Industries Holdings Inc.
2.26% of portfolio
 		UAUA
UAL Corp.
2.26% of portfolio
 		COF
Capital One Financial
2.06% of portfolio
 		MDT
Medtronic plc
1.73% of portfolio
 		SMH
Semiconductor HOLDRs
1.73% of portfolio
 		AMAT
Applied Materials
1.60% of portfolio
 		IP
International Paper
1.54% of portfolio
 		UNH
United Health Group Inc.
1.48% of portfolio
2010   Q2$2.34 B BAC
Bank of America Corp.
16.81% of portfolio
 		C
Citigroup Inc.
9.29% of portfolio
 		WFC
Wells Fargo
8.65% of portfolio
 		PFE
Pfizer Inc.
6.92% of portfolio
 		FITB
Fifth Third Bancorp
6.67% of portfolio
 		HIG
Hartford Financial Svc.Gp.
5.85% of portfolio
 		MRK
Merck & Co.
5.75% of portfolio
 		STI
SunTrust Banks
4.72% of portfolio
 		M
Macy's Inc.
3.70% of portfolio
 		JNJ
Johnson & Johnson
3.35% of portfolio
 		CF
CF Industries Holdings Inc.
3.30% of portfolio
 		COF
Capital One Financial
3.05% of portfolio
 		MSFT
Microsoft Corp.
2.35% of portfolio
 		VLO
Valero Energy
2.01% of portfolio
 		UAUA
UAL Corp.
1.86% of portfolio
 		YHOO
Yahoo Inc.
1.81% of portfolio
 		WTW
Willis Towers Watson plc
1.72% of portfolio
 		NAV
Navistar International Corp.
1.58% of portfolio
 		GT
Goodyear Tire & Rubber
1.16% of portfolio
 		BC
Brunswick Corp.
0.87% of portfolio
2010   Q1$2.65 B BAC
Bank of America Corp.
20.47% of portfolio
 		WFC
Wells Fargo
10.54% of portfolio
 		C
Citigroup Inc.
9.55% of portfolio
 		FITB
Fifth Third Bancorp
8.74% of portfolio
 		HIG
Hartford Financial Svc.Gp.
7.07% of portfolio
 		STI
SunTrust Banks
5.56% of portfolio
 		PFE
Pfizer Inc.
4.18% of portfolio
 		COF
Capital One Financial
3.50% of portfolio
 		JNJ
Johnson & Johnson
3.13% of portfolio
 		MSFT
Microsoft Corp.
2.70% of portfolio
 		MRK
Merck & Co.
2.43% of portfolio
 		VLO
Valero Energy
2.14% of portfolio
 		YHOO
Yahoo Inc.
1.96% of portfolio
 		UAUA
UAL Corp.
1.66% of portfolio
 		WTW
Willis Towers Watson plc
1.64% of portfolio
 		NAV
Navistar International Corp.
1.29% of portfolio
 		GT
Goodyear Tire & Rubber
1.26% of portfolio
 		AMR-OLD
AMR Corp.
1.15% of portfolio
 		DAL
Delta Air Lines Inc.
1.05% of portfolio
 		BC
Brunswick Corp.
1.02% of portfolio
2009   Q4$2.38 B BAC
Bank of America Corp.
20.38% of portfolio
 		C
Citigroup Inc.
19.18% of portfolio
 		WFC
Wells Fargo
12.46% of portfolio
 		FITB
Fifth Third Bancorp
9.97% of portfolio
 		STI
SunTrust Banks
7.27% of portfolio
 		HIG
Hartford Financial Svc.Gp.
6.10% of portfolio
 		COF
Capital One Financial
4.83% of portfolio
 		MSFT
Microsoft Corp.
3.84% of portfolio
 		AMR-OLD
AMR Corp.
1.94% of portfolio
 		UAUA
UAL Corp.
1.65% of portfolio
 		DAL
Delta Air Lines Inc.
1.45% of portfolio
 		WTW
Willis Towers Watson plc
1.32% of portfolio
 		GT
Goodyear Tire & Rubber
1.18% of portfolio
 		BC
Brunswick Corp.
1.14% of portfolio
 		VCI
Valassis Communication
1.09% of portfolio
 		BBT-OLD
BB&T Corp.
1.02% of portfolio
 		XL-OLD
XL Group Ltd.
0.75% of portfolio
 		ETFC
E*Trade Financial Corp.
0.58% of portfolio
 		LCC
US Airways Group Inc.
0.53% of portfolio
 		RADCQ
Rite Aid Corp.
0.52% of portfolio
2009   Q3$1.95 B BAC
Bank of America Corp.
29.47% of portfolio
 		C
Citigroup Inc.
19.85% of portfolio
 		FITB
Fifth Third Bancorp
12.69% of portfolio
 		STI
SunTrust Banks
9.90% of portfolio
 		HIG
Hartford Financial Svc.Gp.
6.61% of portfolio
 		COF
Capital One Financial
5.51% of portfolio
 		MSFT
Microsoft Corp.
3.97% of portfolio
 		BBT-OLD
BB&T Corp.
2.80% of portfolio
 		VCI
Valassis Communication
1.70% of portfolio
 		BC
Brunswick Corp.
1.65% of portfolio
 		GT
Goodyear Tire & Rubber
1.39% of portfolio
 		XL-OLD
XL Group Ltd.
0.87% of portfolio
 		RADCQ
Rite Aid Corp.
0.84% of portfolio
 		ETFC
E*Trade Financial Corp.
0.71% of portfolio
 		ODP
ODP Corp.
0.43% of portfolio
 		CNO
CNO Financial Group Inc.
0.42% of portfolio
 		OMX
OfficeMax Inc.
0.29% of portfolio
 		GPT
Gramercy Property Trust
0.27% of portfolio
 		MPG
MPG Office Trust Inc.
0.25% of portfolio
 		BEE
Strategic Hotels & Resorts Inc.
0.15% of portfolio
2009   Q2$1.15 B BAC
Bank of America Corp.
53.58% of portfolio
 		FITB
Fifth Third Bancorp
17.49% of portfolio
 		STI
SunTrust Banks
12.17% of portfolio
 		COF
Capital One Financial
5.69% of portfolio
 		ETFC
E*Trade Financial Corp.
2.61% of portfolio
 		GT
Goodyear Tire & Rubber
2.24% of portfolio
 		RADCQ
Rite Aid Corp.
1.39% of portfolio
 		VCI
Valassis Communication
0.98% of portfolio
 		XL-OLD
XL Group Ltd.
0.96% of portfolio
 		BC
Brunswick Corp.
0.84% of portfolio
 		PHH
PHH Corp.
0.66% of portfolio
 		ODP
ODP Corp.
0.50% of portfolio
 		CNO
CNO Financial Group Inc.
0.32% of portfolio
 		OMX
OfficeMax Inc.
0.24% of portfolio
 		RF
Regions Financial Corp.
0.18% of portfolio
 		RBS
Royal Bank of Scotland
0.13% of portfolio
 		DAN
Dana Inc.
0.02% of portfolio
 		NRG
NRG Energy Inc.
0.00% of portfolio
2009   Q1$516 M BAC
Bank of America Corp.
62.87% of portfolio
 		FITB
Fifth Third Bancorp
12.37% of portfolio
 		STI
SunTrust Banks
11.49% of portfolio
 		GT
Goodyear Tire & Rubber
2.79% of portfolio
 		COF
Capital One Financial
2.37% of portfolio
 		XL-OLD
XL Group Ltd.
1.45% of portfolio
 		ETFC
E*Trade Financial Corp.
1.44% of portfolio
 		BC
Brunswick Corp.
1.19% of portfolio
 		PHH
PHH Corp.
1.14% of portfolio
 		RADCQ
Rite Aid Corp.
0.76% of portfolio
 		VCI
Valassis Communication
0.56% of portfolio
 		DDS
Dillard Inc.
0.53% of portfolio
 		ODP
ODP Corp.
0.32% of portfolio
 		CNO
CNO Financial Group Inc.
0.28% of portfolio
 		OMX
OfficeMax Inc.
0.27% of portfolio
 		RBS
Royal Bank of Scotland
0.14% of portfolio
 		DAN
Dana Inc.
0.02% of portfolio
 		NRG
NRG Energy Inc.
0.01% of portfolio
2008   Q4$376 M MS
Morgan Stanley
31.88% of portfolio
 		WB-OLD
Wachovia Corp.
18.48% of portfolio
 		GT
Goodyear Tire & Rubber
5.15% of portfolio
 		XL-OLD
XL Group Ltd.
3.76% of portfolio
 		ORCL
Oracle Corp.
3.11% of portfolio
 		S-OLD
Sprint Corp.
2.51% of portfolio
 		CNO
CNO Financial Group Inc.
2.43% of portfolio
 		CVX
Chevron Corp.
2.00% of portfolio
 		PHH
PHH Corp.
1.96% of portfolio
 		COP
ConocoPhillips
1.94% of portfolio
 		PENN
Penn National Gaming Inc.
1.92% of portfolio
 		ODP
ODP Corp.
1.71% of portfolio
 		OXY
Occidental Petroleum
1.43% of portfolio
 		AMAT
Applied Materials
1.35% of portfolio
 		OMX
OfficeMax Inc.
1.31% of portfolio
 		PCZ
Petro-Canada
1.15% of portfolio
 		BC
Brunswick Corp.
1.13% of portfolio
 		CSCO
Cisco Systems
1.10% of portfolio
 		TLM
Talisman Energy Inc.
1.05% of portfolio
 		MEE
Massey Energy Co.
1.04% of portfolio
2008   Q3$572 M WB-OLD
Wachovia Corp.
17.13% of portfolio
 		CVX
Chevron Corp.
8.84% of portfolio
 		COP
ConocoPhillips
8.75% of portfolio
 		MSFT
Microsoft Corp.
7.20% of portfolio
 		OXY
Occidental Petroleum
5.87% of portfolio
 		ORCL
Oracle Corp.
5.74% of portfolio
 		DVN
Devon Energy Corp.
3.93% of portfolio
 		PCZ
Petro-Canada
3.82% of portfolio
 		MRO
Marathon Oil Corp.
3.25% of portfolio
 		TLM
Talisman Energy Inc.
3.01% of portfolio
 		APA
APA Corp.
2.64% of portfolio
 		CF
CF Industries Holdings Inc.
2.52% of portfolio
 		PENN
Penn National Gaming Inc.
2.44% of portfolio
 		CSCO
Cisco Systems
2.43% of portfolio
 		COF
Capital One Financial
2.39% of portfolio
 		APC
Anadarko Petroleum
2.37% of portfolio
 		RTH
Retail HOLDRs
2.36% of portfolio
 		WMB
Williams Cos.
1.67% of portfolio
 		PCX-OLD
Patriot Coal Corp.
1.61% of portfolio
 		PHH
PHH Corp.
1.35% of portfolio
2008   Q2$3.05 B COP
ConocoPhillips
11.59% of portfolio
 		CVX
Chevron Corp.
11.20% of portfolio
 		XLE
Energy Select Sector SPDR
10.87% of portfolio
 		OXY
Occidental Petroleum
6.92% of portfolio
 		PCZ
Petro-Canada
5.50% of portfolio
 		DVN
Devon Energy Corp.
5.12% of portfolio
 		MSFT
Microsoft Corp.
4.51% of portfolio
 		TLM
Talisman Energy Inc.
4.39% of portfolio
 		CHK
Chesapeake Energy
4.10% of portfolio
 		APC
Anadarko Petroleum
3.86% of portfolio
 		MRO
Marathon Oil Corp.
3.82% of portfolio
 		ORCL
Oracle Corp.
3.61% of portfolio
 		APA
APA Corp.
3.53% of portfolio
 		WMB
Williams Cos.
2.51% of portfolio
 		CF
CF Industries Holdings Inc.
2.28% of portfolio
 		NXY
Nexen Inc.
2.09% of portfolio
 		PENN
Penn National Gaming Inc.
1.95% of portfolio
 		XTO
XTO Energy Inc.
1.68% of portfolio
 		MOS
Mosaic Co.
1.54% of portfolio
 		CSCO
Cisco Systems
1.52% of portfolio
2008   Q1$1.63 B CSCO
Cisco Systems
27.80% of portfolio
 		MSFT
Microsoft Corp.
18.86% of portfolio
 		ORCL
Oracle Corp.
14.07% of portfolio
 		DDAIF
Daimler AG
8.37% of portfolio
 		SLM
SLM Corp.
5.79% of portfolio
 		AMAT
Applied Materials
5.65% of portfolio
 		GOOGL
Alphabet Inc.
3.80% of portfolio
 		JAVA
Sun Microsystems
3.60% of portfolio
 		GT
Goodyear Tire & Rubber
2.98% of portfolio
 		PHH
PHH Corp.
2.22% of portfolio
 		AIG
American International Group
1.32% of portfolio
 		CCI
Crown Castle International Corp.
0.99% of portfolio
 		PENN
Penn National Gaming Inc.
0.72% of portfolio
 		DTV
DIRECTV Group Inc.
0.56% of portfolio
 		HOT
Starwood Hotels & Resorts
0.55% of portfolio
 		ETFC
E*Trade Financial Corp.
0.50% of portfolio
 		MOS
Mosaic Co.
0.47% of portfolio
 		DAN
Dana Inc.
0.41% of portfolio
 		SBAC
SBA Communications Corp.
0.36% of portfolio
 		XLE
Energy Select Sector SPDR
0.31% of portfolio