Chief Executive Officer

0001615774-16-008098.txt : 20161108 0001615774-16-008098.hdr.sgml : 20161108 20161108163532 ACCESSION NUMBER: 0001615774-16-008098 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161108 DATE AS OF CHANGE: 20161108 EFFECTIVENESS DATE: 20161108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Newfound Research LLC CENTRAL INDEX KEY: 0001630806 IRS NUMBER: 263296223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-17093 FILM NUMBER: 161981691 BUSINESS ADDRESS: STREET 1: 425 BOYLSTON STREET STREET 2: 3RD FL CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-531-9773 MAIL ADDRESS: STREET 1: 425 BOYLSTON STREET STREET 2: 3RD FL CITY: BOSTON STATE: MA ZIP: 02116 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001630806 XXXXXXXX 09-30-2016 09-30-2016 false Newfound Research LLC

425 Boylston Street 3rd Fl Boston MA 02116

13F HOLDINGS REPORT 028-17093 Y The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange Act of 1934, as amended, and the rules thereunder, or for any other purpose, that the Reporting Manager or any other person (including Other Managers or Other Included Managers named herein) is the beneficial owner of any securities. Newfound Research LLC, a Delaware limited liability company ("Newfound"), is an institutional investment manager which, for the purposes of Section 13(f) of the Securities Exchange Act of 1934 and the rules promulgated thereunder ("Section 13(f)"), exercises investment discretion with respect to certain securities positions. Thomas B. Rosedale, an individual ("Rosedale"), Corey M. Hoffstein, an individual ("Hoffstein"), Daniel J. Sibears, an individual ("Sibears"), Newfound Holdings, LLC, a Delaware limited liability company ("Holdings"), and Sand Hill Cove Management LLC, a Delaware limited liability company ("SandHill"), may each be deemed to exercise investment discretion over the securities reported on this Form 13F for purposes of Section 13(f). Certain of the security positions reported by Newfound are also being reported by Rosedale, Hoffstein, Sibears, Holdings and SandHill. Each of Newfound, Rosedale, Hoffstein, Sibears, Holdings and SandHill disclaim beneficial ownership of the shares reported on this Form 13F by Newfound except to the extent of any pecuniary interest therein. Thomas B. Rosedale Chief Executive Officer 617-531-9773 /s/ Thomas B. Rosedale Boston MA 11-08-2016 5 199 104953 1 0001256731 028-17094 Rosedale Thomas B. 2 0001630803 028-17095 Hoffstein Corey 3 0001664630 028-17096 Sibears Daniel J 4 0001664645 028-17097 Sand Hill Cove Management LLC 5 0001630807 028-17098 Newfound Holdings, LLC INFORMATION TABLE 2 infotable.xml PowerShares POWERSHARES SENIOR LOAN 73936Q769 0 244030 SH OTR 1, 2, 3, 4, 5 244030 0 0 iShares ISHARES GLOBAL ENERGY ETF 464287341 0 172125 SH OTR 1, 2, 3, 4, 5 172125 0 0 iShares iShares Global Tech ETF 464287291 0 49662 SH OTR 1, 2, 3, 4, 5 49662 0 0 iShares ISHARES GLOBAL MATERIALS ETF 464288695 0 101466 SH OTR 1, 2, 3, 4, 5 101466 0 0 iShares ISHARES GLOBAL UTILITIES ETF 464288711 0 113494 SH OTR 1, 2, 3, 4, 5 113494 0 0 iShares ISHARES GLOBAL INDUSTRIALS E 464288729 0 72772 SH OTR 1, 2, 3, 4, 5 72772 0 0 iShares ISHARES GLOBAL CONSUMER STAPLES ETF 464288737 0 53652 SH OTR 1, 2, 3, 4, 5 53652 0 0 iShares ISHARES GLOBAL TELECOM ETF 464287275 0 85694 SH OTR 1, 2, 3, 4, 5 85694 0 0 iShares ISHARES GLOBAL CONSUMER DISC 464288745 0 58801 SH OTR 1, 2, 3, 4, 5 58801 0 0 iShares ISHARES GLOBAL HEALTHCARE ET 464287325 0 51668 SH OTR 1, 2, 3, 4, 5 51668 0 0 iShares ISHARES U.S. PREFERRED STOCK ETF 464288687 0 118377 SH OTR 1, 2, 3, 4, 5 118377 0 0 iShares ISHARES GLOBAL FINANCIALS ET 464287333 0 90440 SH OTR 1, 2, 3, 4, 5 90440 0 0 PowerShares POWERSHARES EM MKT SOVR DEBT 73936T573 0 136298 SH OTR 1, 2, 3, 4, 5 136298 0 0 iShares ISHARES MORTGAGE REAL ESTATE 464288539 0 362845 SH OTR 1, 2, 3, 4, 5 362845 0 0 iShares ISHARES IBOXX HI YD CP BD ETF 464288513 0 41996 SH OTR 1, 2, 3, 4, 5 41996 0 0 iShares ISHARES IBOXX $ INVEST GR CORP BD 464287242 0 28890 SH OTR 1, 2, 3, 4, 5 28890 0 0 SPDR SPDR BARCLAYS CONV SEC ETF 78464A359 0 62141 SH OTR 1, 2, 3, 4, 5 62141 0 0 Van Eck MARKET VECTORS EMERGING MARK 57060U522 0 109235 SH OTR 1, 2, 3, 4, 5 109235 0 0 PowerShares POWERSHARES GLOBAL ETF FD S&P 500 BUYWRT 73936G308 0 76090 SH OTR 1, 2, 3, 4, 5 76090 0 0 SPDR SELECT SECTOR SPDRTR MATLS 81369Y100 0 29886 SH OTR 1, 2, 3, 4, 5 29886 0 0 SPDR CONSUMER STAPLES SPDR 81369Y308 0 26230 SH OTR 1, 2, 3, 4, 5 26230 0 0 SPDR SECTOR SPDR TR SHS BEN INT EN 81369y506 0 19358 SH OTR 1, 2, 3, 4, 5 19358 0 0 SPDR SECTOR SPDR TR SHS BEN INT UTILITIES 81369Y886 0 27656 SH OTR 1, 2, 3, 4, 5 27656 0 0 SPDR TECHNOLOGY SELECT SECT SPDR 81369Y803 0 28175 SH OTR 1, 2, 3, 4, 5 28175 0 0 iShares ISHARES INTERNATIONAL SELECT 464288448 0 44892 SH OTR 1, 2, 3, 4, 5 44892 0 0 SPDR INDUSTRIAL SELECT SECT SPDR 81369Y704 0 22696 SH OTR 1, 2, 3, 4, 5 22696 0 0 Vanguard VANGUARD REIT VIPER 922908553 0 15016 SH OTR 1, 2, 3, 4, 5 15016 0 0 SPDR CONSUMER DISCRETIONARY SELT 81369Y407 0 16182 SH OTR 1, 2, 3, 4, 5 16182 0 0 SPDR SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 0 17745 SH OTR 1, 2, 3, 4, 5 17745 0 0 Vanguard VANGUARD HIGH DVD YIELD ETF 921946406 0 17314 SH OTR 1, 2, 3, 4, 5 17314 0 0 iShares ISHARES 20+ YEAR TREASURY BO 464287432 0 8270 SH OTR 1, 2, 3, 4, 5 8270 0 0 Vanguard VANGUARD GLBL EX-US REAL EST 922042676 0 17913 SH OTR 1, 2, 3, 4, 5 17913 0 0 JPMorgan JPMORGAN CHASE & CO ALERIAN ML ETF 46625H365 0 29914 SH OTR 1, 2, 3, 4, 5 29914 0 0 SPDR SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 0 42727 SH OTR 1, 2, 3, 4, 5 42727 0 0 SPDR SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 0 6015 SH OTR 1, 2, 3, 4, 5 6015 0 0 Van Eck MARKET VECTORS ETF TR 57060U878 0 4123 SH OTR 1, 2, 3, 4, 5 4123 0 0 iShares ISHARES TR FLTG RATENT ETF 46429B655 0 1213 SH OTR 1, 2, 3, 4, 5 1213 0 0 PIMCO PIMCO ETF TR 0-5 YR HIGH YIELD CORP 72201R783 0 445 SH OTR 1, 2, 3, 4, 5 445 0 0 iShares ISHARES MSCI USA MINIMUM VOL 46429B697 0 911 SH OTR 1, 2, 3, 4, 5 911 0 0 ProShares PROSHARES HEDGE REPLICAT ETF 74347X294 0 873 SH OTR 1, 2, 3, 4, 5 873 0 0 iShares ISHARES TR CORE S&P SCP ETF 464287804 0 295 SH OTR 1, 2, 3, 4, 5 295 0 0 Vanguard VANGUARD INT-TERM CORPORATE 92206C870 0 403 SH OTR 1, 2, 3, 4, 5 403 0 0 ProShares PROSHARES S&P500 ARISTOCRATS 74348A467 0 661 SH OTR 1, 2, 3, 4, 5 661 0 0 iShares ISHARES MSCI USA MOMENTUM 46432F396 0 418 SH OTR 1, 2, 3, 4, 5 418 0 0 ProShares IQ MERGER ARBITRAGE ETF 45409B800 0 1085 SH OTR 1, 2, 3, 4, 5 1085 0 0 WisdomTree WISDOMTREE MGD FUTURES STRAT 97717W125 0 717 SH OTR 1, 2, 3, 4, 5 717 0 0 WisdomTree WISDOMTREE BBG USD BULLISH 97717W471 0 947 SH OTR 1, 2, 3, 4, 5 947 0 0 ProShares PROSHARES RAFI LONG/SHORT 74347X310 0 616 SH OTR 1, 2, 3, 4, 5 616 0 0 Vanguard VANGUARD LONG-TERM CORP BOND 92206C813 0 243 SH OTR 1, 2, 3, 4, 5 243 0 0 Schwab SCHWAB US LARGE-CAP ETF 808524201 0 357 SH OTR 1, 2, 3, 4, 5 357 0 0 Guggenheim GUGGENHEIM S&P 500 PURE VALU 78355W304 0 320 SH OTR 1, 2, 3, 4, 5 320 0 0 First Trust FIRST TRUST LONG/SHORT EQUITY 33739P103 0 487 SH OTR 1, 2, 3, 4, 5 487 0 0 ALPS ALPS ETF TR ALERIAN MLP 00162Q866 0 1183 SH OTR 1, 2, 3, 4, 5 1183 0 0 ALPS ALPS EQ HIGH VOLATILITY PU 00162Q734 0 688 SH OTR 1, 2, 3, 4, 5 688 0 0 PowerShares POWERSHARES S&P SC ENERGY 73937B704 0 701 SH OTR 1, 2, 3, 4, 5 701 0 0 Exchanged Traded Concepts ALPHACLONE ALTERNATIVE ALPHA 26922A305 0 345 SH OTR 1, 2, 3, 4, 5 345 0 0 PowerShares POWERSHARES S&P SC MATERIALS 73937B852 0 307 SH OTR 1, 2, 3, 4, 5 307 0 0 PowerShares POWERSHARES S&P SC INFO TECH 73937B860 0 194 SH OTR 1, 2, 3, 4, 5 194 0 0 PowerShares POWERSHARES S&P SC UTILITIES 73937B837 0 267 SH OTR 1, 2, 3, 4, 5 267 0 0 PowerShares POWERSHARES S&P SC INDUSTRIA 73937B878 0 243 SH OTR 1, 2, 3, 4, 5 243 0 0 PowerShares POWERSHARES S&P SC HEALTH CA 73937B886 0 163 SH OTR 1, 2, 3, 4, 5 163 0 0 PowerShares POWERSHARES S&P SC CONS-DISC 73937B506 0 246 SH OTR 1, 2, 3, 4, 5 246 0 0 PowerShares POWERSHARES S&P SC FINANCIAL 73937B803 0 264 SH OTR 1, 2, 3, 4, 5 264 0 0 PowerShares POWERSHARES S&P SC CONS STAP 73937B605 0 180 SH OTR 1, 2, 3, 4, 5 180 0 0 Vanguard VANGUARD FTSE ALL-WORLD EX-U 922042775 0 232 SH OTR 1, 2, 3, 4, 5 232 0 0 Guggenheim GUGGENHEIM S&P 500 EQUAL WEI 78355W106 0 111 SH OTR 1, 2, 3, 4, 5 111 0 0 Vanguard VANGUARD MORTGAGE-BACKED SEC 92206C771 0 170 SH OTR 1, 2, 3, 4, 5 170 0 0 Guggenheim GUGGENHEIM ENHANCED SHORT DU 18383M654 0 146 SH OTR 1, 2, 3, 4, 5 146 0 0 PIMCO PIMCO ENHANCED SHORT MATURIT 72201R833 0 71 SH OTR 1, 2, 3, 4, 5 71 0 0 VelocityShares VELOCITYSHARES INV VIX SH-TM 22542D795 0 192 SH OTR 1, 2, 3, 4, 5 192 0 0 Vanguard VANGUARD TOTAL BOND MARKET 921937835 0 73 SH OTR 1, 2, 3, 4, 5 73 0 0 Computer Sciences Corporation EQUITY 205363104 0 105 SH OTR 1, 2, 3, 4, 5 105 0 0 Van Eck MARKET VECTORS INTERMEDIATE 57060U845 0 221 SH OTR 1, 2, 3, 4, 5 221 0 0 Vanguard VANGUARD S/T CORP BOND ETF 92206C409 0 63 SH OTR 1, 2, 3, 4, 5 63 0 0 iShares ISHARES - LEHMAN 7-10 YR. TREA 464287440 0 45 SH OTR 1, 2, 3, 4, 5 45 0 0 Barclays IPATH S&P 500 VIX S/T FU ETN 06742E711 0 137 SH OTR 1, 2, 3, 4, 5 137 0 0 Assurant Inc. EQUITY 04621X108 0 45 SH OTR 1, 2, 3, 4, 5 45 0 0 Tyson Foods, Inc. EQUITY 902494103 0 49 SH OTR 1, 2, 3, 4, 5 49 0 0 PowerShares POWERSHARES MULTISTRAT ETF 73935B870 0 158 SH OTR 1, 2, 3, 4, 5 158 0 0 IndexIQ IQ HEDGE MULTI-STRAT TRACKER 45409B107 0 123 SH OTR 1, 2, 3, 4, 5 123 0 0 Vanguard VANGUARD FTSE ALL WO X-US SC 922042718 0 35 SH OTR 1, 2, 3, 4, 5 35 0 0 Anthem, Inc. EQUITY 94973V107 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Aetna Inc. EQUITY 00817Y108 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Exelon Corporation EQUITY 30161N101 0 71 SH OTR 1, 2, 3, 4, 5 71 0 0 Valero Energy Corporation EQUITY 91913Y100 0 44 SH OTR 1, 2, 3, 4, 5 44 0 0 Unum Group EQUITY 91529Y106 0 65 SH OTR 1, 2, 3, 4, 5 65 0 0 L-3 Communications Holdings Inc. EQUITY 502424104 0 15 SH OTR 1, 2, 3, 4, 5 15 0 0 Prudential Financial, Inc. EQUITY 744320102 0 24 SH OTR 1, 2, 3, 4, 5 24 0 0 Wal-Mart Stores Inc. EQUITY 931142103 0 27 SH OTR 1, 2, 3, 4, 5 27 0 0 FirstEnergy Corp. EQUITY 337932107 0 58 SH OTR 1, 2, 3, 4, 5 58 0 0 Archer-Daniels-Midland Company EQUITY 039483102 0 45 SH OTR 1, 2, 3, 4, 5 45 0 0 The Allstate Corporation EQUITY 020002101 0 27 SH OTR 1, 2, 3, 4, 5 27 0 0 The Travelers Companies, Inc. EQUITY 89417E109 0 16 SH OTR 1, 2, 3, 4, 5 16 0 0 GameStop Corp. EQUITY 36467W109 0 65 SH OTR 1, 2, 3, 4, 5 65 0 0 Lincoln National Corporation EQUITY 534187109 0 37 SH OTR 1, 2, 3, 4, 5 37 0 0 Kohl's Corp. EQUITY 500255104 0 40 SH OTR 1, 2, 3, 4, 5 40 0 0 Entergy Corporation EQUITY 29364G103 0 22 SH OTR 1, 2, 3, 4, 5 22 0 0 XL Group plc EQUITY G98290102 0 51 SH OTR 1, 2, 3, 4, 5 51 0 0 Tesoro Corporation EQUITY 881609101 0 21 SH OTR 1, 2, 3, 4, 5 21 0 0 The Hartford Financial Services Group, Inc. EQUITY 416515104 0 39 SH OTR 1, 2, 3, 4, 5 39 0 0 CenturyLink, Inc. EQUITY 156700106 0 59 SH OTR 1, 2, 3, 4, 5 59 0 0 Xerox Corporation EQUITY 984121103 0 160 SH OTR 1, 2, 3, 4, 5 160 0 0 MetLife, Inc. EQUITY 59156R108 0 35 SH OTR 1, 2, 3, 4, 5 35 0 0 CVS Health Corporation EQUITY 126650100 0 17 SH OTR 1, 2, 3, 4, 5 17 0 0 Ford Motor Co. EQUITY 345370860 0 125 SH OTR 1, 2, 3, 4, 5 125 0 0 The AES Corporation EQUITY 00130H105 0 116 SH OTR 1, 2, 3, 4, 5 116 0 0 Express Scripts Holding Company EQUITY 30219G108 0 21 SH OTR 1, 2, 3, 4, 5 21 0 0 Best Buy Co., Inc. EQUITY 086516101 0 38 SH OTR 1, 2, 3, 4, 5 38 0 0 The Goodyear Tire & Rubber Company EQUITY 382550101 0 43 SH OTR 1, 2, 3, 4, 5 43 0 0 American International Group, Inc. EQUITY 026874784 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Ryder System, Inc. EQUITY 783549108 0 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Staples, Inc. EQUITY 855030102 0 156 SH OTR 1, 2, 3, 4, 5 156 0 0 Alcoa Inc. EQUITY 013817101 0 43 SH OTR 1, 2, 3, 4, 5 43 0 0 Whirlpool Corp. EQUITY 963320106 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Macy's, Inc. EQUITY 55616P104 0 32 SH OTR 1, 2, 3, 4, 5 32 0 0 The Kroger Co. EQUITY 501044101 0 40 SH OTR 1, 2, 3, 4, 5 40 0 0 Western Digital Corporation EQUITY 958102105 0 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Leidos Holdings, Inc. EQUITY 525327102 0 27 SH OTR 1, 2, 3, 4, 5 27 0 0 Jabil Circuit Inc. EQUITY 466313103 0 52 SH OTR 1, 2, 3, 4, 5 52 0 0 UnitedHealth Group Incorporated EQUITY 91324P102 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Humana Inc. EQUITY 444859102 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 FedEx Corporation EQUITY 31428X106 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Cigna Corp. EQUITY 125509109 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Bed Bath & Beyond Inc. EQUITY 75896100 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 General Motors Company EQUITY 37045V100 0 31 SH OTR 1, 2, 3, 4, 5 31 0 0 Morgan Stanley EQUITY 617446448 0 30 SH OTR 1, 2, 3, 4, 5 30 0 0 Principal Financial Group Inc. EQUITY 74251V102 0 18 SH OTR 1, 2, 3, 4, 5 18 0 0 Walgreens Boots Alliance, Inc. EQUITY 957638109 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 The Goldman Sachs Group, Inc. EQUITY 38141G104 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Capital One Financial Corporation EQUITY 14040H105 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Genworth Financial, Inc. EQUITY 37247D106 0 160 SH OTR 1, 2, 3, 4, 5 160 0 0 Loews Corporation EQUITY 540424108 0 19 SH OTR 1, 2, 3, 4, 5 19 0 0 Target Corp. EQUITY 87612E106 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Aflac Incorporated EQUITY 001055102 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Jacobs Engineering Group Inc. EQUITY 469814107 0 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Delta Air Lines, Inc. EQUITY 247361702 0 15 SH OTR 1, 2, 3, 4, 5 15 0 0 Quest Diagnostics Inc. EQUITY 74834L100 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Johnson Controls Inc. EQUITY 478366107 0 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Southwest Airlines Co. EQUITY 844741108 0 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Owens-Illinois, Inc. EQUITY 690768403 0 29 SH OTR 1, 2, 3, 4, 5 29 0 0 Citigroup Inc. EQUITY 172967424 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 PulteGroup, Inc. EQUITY 745867101 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Textron Inc. EQUITY 883203101 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Laboratory Corp. of America Holdings EQUITY 50540R409 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Phillips 66 EQUITY 718546104 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Lexmark International Inc. EQUITY 529771107 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 International Paper Company EQUITY 460146103 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Cardinal Health, Inc. EQUITY 14149Y108 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Torchmark Corporation EQUITY 891027104 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Freeport-McMoRan Inc. EQUITY 35671D857 0 35 SH OTR 1, 2, 3, 4, 5 35 0 0 R.R. Donnelley & Sons Company EQUITY 279765101 0 24 SH OTR 1, 2, 3, 4, 5 24 0 0 Marathon Petroleum Corporation EQUITY 56585A102 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 United Continental Holdings, Inc. EQUITY 910047109 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 CF Industries Holdings, Inc. EQUITY 125269100 0 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Quanta Services, Inc. EQUITY 74762E102 0 12 SH OTR 1, 2, 3, 4, 5 12 0 0 PVH Corp. EQUITY 693656100 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Seagate Technology Public Limited Company EQUITY G7945M107 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Tenet Healthcare Corp. EQUITY 88033G407 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Dean Foods Company EQUITY 242370203 0 15 SH OTR 1, 2, 3, 4, 5 15 0 0 DR Horton Inc. EQUITY 23331A109 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 DeVry Education Group Inc. EQUITY 251893103 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Eastman Chemical Co. EQUITY 277432100 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 AutoNation, Inc. EQUITY 05329W102 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Lennar Corporation EQUITY 526057104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 McKesson Corporation EQUITY 58155Q103 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 United Rentals, Inc. EQUITY 911363109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 NetApp, Inc. EQUITY 64110D104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Big Lots Inc. EQUITY 089302103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Foot Locker, Inc. EQUITY 344849104 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Eaton Corporation plc EQUITY G29183103 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Cummins Inc. EQUITY 231021106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Ameriprise Financial, Inc. EQUITY 03076C106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Legg Mason Inc. EQUITY 524901105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Lam Research Corporation EQUITY 512807108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Progressive Corp Ohio EQUITY 743315103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Harman International Industries, Incorporated EQUITY 413086109 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Fossil Group, Inc. EQUITY 349882100 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Viacom, Inc. EQUITY 92553P201 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 The Mosaic Company EQUITY 61945C103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Signet Jewelers Limited EQUITY G81276100 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Centene Corp. EQUITY 15135B101 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 TEGNA Inc. EQUITY 87901J105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Pentair plc EQUITY H6169Q108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Discover Financial Services EQUITY 254709108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 CBRE Group, Inc. EQUITY 12504L109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 The Dow Chemical Company EQUITY 260543103 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Fluor Corporation EQUITY 343412102 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Nucor Corporation EQUITY 670346105 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 American Airlines Group Inc. EQUITY 02376R102 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 BorgWarner Inc. EQUITY 99724106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Abercrombie & Fitch Co. EQUITY 002896207 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Invesco Ltd. EQUITY 46127U104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Discovery Communications, Inc. EQUITY 25470F104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Twenty-First Century Fox, Inc. EQUITY 90130A101 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 The Gap, Inc. EQUITY 364760108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 SPDR SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0 PowerShares POWERSHARES EXCH TRADED FD TST II S&P 500 73937B779 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0 J. C. Penney Company, Inc. EQUITY 708160106 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 iShares ISHARES 1-3 YR TRS BD ETF 464287457 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0