Chief Executive Officer

0001615774-17-000207.txt : 20170120 0001615774-17-000207.hdr.sgml : 20170120 20170120122105 ACCESSION NUMBER: 0001615774-17-000207 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161231 FILED AS OF DATE: 20170120 DATE AS OF CHANGE: 20170120 EFFECTIVENESS DATE: 20170120 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: 17538033 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 12-31-2016 12-31-2016 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 01-19-2017 5 192 111590 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 11502 492381 SH OTR 1, 2, 3, 4, 5 492381 0 0 iShares iShares Global Tech ETF 464287291 8657 78784 SH OTR 1, 2, 3, 4, 5 78784 0 0 iShares ISHARES GLOBAL FINANCIALS ET 464287333 8629 149334 SH OTR 1, 2, 3, 4, 5 149334 0 0 iShares ISHARES GLOBAL CONSUMER DISC 464288745 8523 94529 SH OTR 1, 2, 3, 4, 5 94529 0 0 iShares ISHARES GLOBAL INDUSTRIALS E 464288729 8441 112006 SH OTR 1, 2, 3, 4, 5 112006 0 0 iShares ISHARES GLOBAL MATERIALS ETF 464288695 8377 152790 SH OTR 1, 2, 3, 4, 5 152790 0 0 iShares ISHARES GLOBAL ENERGY ETF 464287341 8140 233914 SH OTR 1, 2, 3, 4, 5 233914 0 0 iShares ISHARES MORTGAGE REAL ESTATE 464288539 6186 147065 SH OTR 1, 2, 3, 4, 5 147065 0 0 iShares ISHARES IBOXX HI YD CP BD ETF 464288513 5469 63192 SH OTR 1, 2, 3, 4, 5 63192 0 0 SPDR SPDR BARCLAYS CONV SEC ETF 78464A359 4818 105540 SH OTR 1, 2, 3, 4, 5 105540 0 0 iShares ISHARES IBOXX $ INVEST GR CORP BD 464287242 4792 40893 SH OTR 1, 2, 3, 4, 5 40893 0 0 PowerShares POWERSHARES GLOBAL ETF FD S&P 500 BUYWRT 73936G308 2959 139114 SH OTR 1, 2, 3, 4, 5 139114 0 0 SPDR SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2600 111843 SH OTR 1, 2, 3, 4, 5 111843 0 0 SPDR TECHNOLOGY SELECT SECT SPDR 81369Y803 2525 52210 SH OTR 1, 2, 3, 4, 5 52210 0 0 Vanguard VANGUARD HIGH DVD YIELD ETF 921946406 2299 30339 SH OTR 1, 2, 3, 4, 5 30339 0 0 SPDR SECTOR SPDR TR SHS BEN INT EN 81369y506 2189 29059 SH OTR 1, 2, 3, 4, 5 29059 0 0 SPDR SELECT SECTOR SPDRTR MATLS 81369Y100 2129 42832 SH OTR 1, 2, 3, 4, 5 42832 0 0 JPMorgan JPMORGAN CHASE & CO ALERIAN ML ETF 46625H365 2111 66771 SH OTR 1, 2, 3, 4, 5 66771 0 0 SPDR INDUSTRIAL SELECT SECT SPDR 81369Y704 2100 33747 SH OTR 1, 2, 3, 4, 5 33747 0 0 SPDR CONSUMER DISCRETIONARY SELT 81369Y407 2073 25471 SH OTR 1, 2, 3, 4, 5 25471 0 0 iShares ISHARES INTERNATIONAL SELECT 464288448 1961 66340 SH OTR 1, 2, 3, 4, 5 66340 0 0 iShares ISHARES U.S. PREFERRED STOCK ETF 464288687 1527 41036 SH OTR 1, 2, 3, 4, 5 41036 0 0 Vanguard VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF 921946794 1065 18810 SH OTR 1, 2, 3, 4, 5 18810 0 0 Global X GLOBAL X MLP ETF 37950E473 741 64088 SH OTR 1, 2, 3, 4, 5 64088 0 0 Recon Capital RECON CAPITAL NASDAQ 100 COVERED CALL ETF 75623U102 432 19342 SH OTR 1, 2, 3, 4, 5 19342 0 0 iShares ISHARES 20+ YEAR TREASURY BO 464287432 142 1195 SH OTR 1, 2, 3, 4, 5 1195 0 0 Van Eck MARKET VECTORS ETF TR 57060U878 113 3799 SH OTR 1, 2, 3, 4, 5 3799 0 0 PIMCO PIMCO ETF TR 0-5 YR HIGH YIELD CORP 72201R783 96 957 SH OTR 1, 2, 3, 4, 5 957 0 0 iShares ISHARES TR FLTG RATENT ETF 46429B655 81 1596 SH OTR 1, 2, 3, 4, 5 1596 0 0 JP Morgan JPMORGAN DISCIPLINED HIGH YIELD ETF 46641Q878 55 1081 SH OTR 1, 2, 3, 4, 5 1081 0 0 iShares ISHARES MSCI USA MINIMUM VOL 46429B697 54 1185 SH OTR 1, 2, 3, 4, 5 1185 0 0 ProShares PROSHARES S&P500 ARISTOCRATS 74348A467 47 881 SH OTR 1, 2, 3, 4, 5 881 0 0 iShares ISHARES MSCI USA MOMENTUM 46432F396 41 545 SH OTR 1, 2, 3, 4, 5 545 0 0 iShares ISHARES TR CORE S&P SCP ETF 464287804 41 300 SH OTR 1, 2, 3, 4, 5 300 0 0 ProShares PROSHARES HEDGE REPLICAT ETF 74347X294 41 944 SH OTR 1, 2, 3, 4, 5 944 0 0 ProShares IQ MERGER ARBITRAGE ETF 45409B800 35 1183 SH OTR 1, 2, 3, 4, 5 1183 0 0 Guggenheim GUGGENHEIM S&P 500 PURE VALU 78355W304 33 575 SH OTR 1, 2, 3, 4, 5 575 0 0 WisdomTree WISDOMTREE MGD FUTURES STRAT 97717W125 32 782 SH OTR 1, 2, 3, 4, 5 782 0 0 PowerShares POWERSHARES EM MKT SOVR DEBT 73936T573 31 1087 SH OTR 1, 2, 3, 4, 5 1087 0 0 WisdomTree WISDOMTREE BBG USD BULLISH 97717W471 29 1033 SH OTR 1, 2, 3, 4, 5 1033 0 0 ProShares PROSHARES RAFI LONG/SHORT 74347X310 27 672 SH OTR 1, 2, 3, 4, 5 672 0 0 Vanguard VANGUARD LONG-TERM CORP BOND 92206C813 24 272 SH OTR 1, 2, 3, 4, 5 272 0 0 Vanguard VANGUARD INT-TERM CORPORATE 92206C870 21 243 SH OTR 1, 2, 3, 4, 5 243 0 0 Schwab SCHWAB US LARGE-CAP ETF 808524201 19 360 SH OTR 1, 2, 3, 4, 5 360 0 0 Van Eck MARKET VECTORS EMERGING MARK 57060U522 19 1083 SH OTR 1, 2, 3, 4, 5 1083 0 0 First Trust FIRST TRUST LONG/SHORT EQUITY 33739P103 18 533 SH OTR 1, 2, 3, 4, 5 533 0 0 ALPS ALPS EQ HIGH VOLATILITY PU 00162Q734 15 774 SH OTR 1, 2, 3, 4, 5 774 0 0 ALPS ALPS ETF TR ALERIAN MLP 00162Q866 15 1183 SH OTR 1, 2, 3, 4, 5 1183 0 0 PowerShares POWERSHARES S&P SC ENERGY 73937B704 15 701 SH OTR 1, 2, 3, 4, 5 701 0 0 PowerShares POWERSHARES S&P SC MATERIALS 73937B852 15 307 SH OTR 1, 2, 3, 4, 5 307 0 0 PowerShares POWERSHARES S&P SC FINANCIAL 73937B803 14 266 SH OTR 1, 2, 3, 4, 5 266 0 0 PowerShares POWERSHARES S&P SC INFO TECH 73937B860 14 194 SH OTR 1, 2, 3, 4, 5 194 0 0 PowerShares POWERSHARES S&P SC INDUSTRIA 73937B878 13 243 SH OTR 1, 2, 3, 4, 5 243 0 0 Exchanged Traded Concepts ALPHACLONE ALTERNATIVE ALPHA 26922A305 13 376 SH OTR 1, 2, 3, 4, 5 376 0 0 PowerShares POWERSHARES S&P SC UTILITIES 73937B837 13 271 SH OTR 1, 2, 3, 4, 5 271 0 0 PowerShares POWERSHARES S&P SC CONS-DISC 73937B506 13 247 SH OTR 1, 2, 3, 4, 5 247 0 0 PowerShares POWERSHARES S&P SC CONS STAP 73937B605 12 180 SH OTR 1, 2, 3, 4, 5 180 0 0 PowerShares POWERSHARES S&P SC HEALTH CA 73937B886 12 163 SH OTR 1, 2, 3, 4, 5 163 0 0 Vanguard VANGUARD FTSE ALL-WORLD EX-U 922042775 11 247 SH OTR 1, 2, 3, 4, 5 247 0 0 Guggenheim GUGGENHEIM S&P 500 EQUAL WEI 78355W106 10 111 SH OTR 1, 2, 3, 4, 5 111 0 0 PIMCO PIMCO ENHANCED SHORT MATURIT 72201R833 9 86 SH OTR 1, 2, 3, 4, 5 86 0 0 Vanguard VANGUARD S/T CORP BOND ETF 92206C409 9 109 SH OTR 1, 2, 3, 4, 5 109 0 0 VelocityShares VELOCITYSHARES INV VIX SH-TM 22542D795 7 145 SH OTR 1, 2, 3, 4, 5 145 0 0 Barclays IPATH S&P 500 VIX S/T FU ETN 06742E711 6 228 SH OTR 1, 2, 3, 4, 5 228 0 0 Computer Sciences Corporation EQUITY 205363104 6 96 SH OTR 1, 2, 3, 4, 5 96 0 0 iShares ISHARES - LEHMAN 7-10 YR. TREA 464287440 5 51 SH OTR 1, 2, 3, 4, 5 51 0 0 Assurant Inc. EQUITY 04621X108 4 44 SH OTR 1, 2, 3, 4, 5 44 0 0 Vanguard VANGUARD TOTAL BOND MARKET 921937835 4 46 SH OTR 1, 2, 3, 4, 5 46 0 0 PowerShares POWERSHARES MULTISTRAT ETF 73935B870 4 158 SH OTR 1, 2, 3, 4, 5 158 0 0 IndexIQ IQ HEDGE MULTI-STRAT TRACKER 45409B107 3 121 SH OTR 1, 2, 3, 4, 5 121 0 0 Vanguard VANGUARD FTSE ALL WO X-US SC 922042718 3 36 SH OTR 1, 2, 3, 4, 5 36 0 0 Anthem, Inc. EQUITY 94973V107 3 22 SH OTR 1, 2, 3, 4, 5 22 0 0 Tyson Foods, Inc. EQUITY 902494103 3 49 SH OTR 1, 2, 3, 4, 5 49 0 0 Aetna Inc. EQUITY 00817Y108 3 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Valero Energy Corporation EQUITY 91913Y100 3 41 SH OTR 1, 2, 3, 4, 5 41 0 0 Unum Group EQUITY 91529Y106 3 62 SH OTR 1, 2, 3, 4, 5 62 0 0 Guggenheim GUGGENHEIM ENHANCED SHORT DU 18383M654 3 53 SH OTR 1, 2, 3, 4, 5 53 0 0 Exelon Corporation EQUITY 30161N101 3 74 SH OTR 1, 2, 3, 4, 5 74 0 0 Prudential Financial, Inc. EQUITY 744320102 2 24 SH OTR 1, 2, 3, 4, 5 24 0 0 The Allstate Corporation EQUITY 020002101 2 31 SH OTR 1, 2, 3, 4, 5 31 0 0 Lincoln National Corporation EQUITY 534187109 2 35 SH OTR 1, 2, 3, 4, 5 35 0 0 L-3 Communications Holdings Inc. EQUITY 502424104 2 14 SH OTR 1, 2, 3, 4, 5 14 0 0 The Travelers Companies, Inc. EQUITY 89417E109 2 17 SH OTR 1, 2, 3, 4, 5 17 0 0 Archer-Daniels-Midland Company EQUITY 039483102 2 46 SH OTR 1, 2, 3, 4, 5 46 0 0 Wal-Mart Stores Inc. EQUITY 931142103 2 29 SH OTR 1, 2, 3, 4, 5 29 0 0 Kohl's Corp. EQUITY 500255104 2 40 SH OTR 1, 2, 3, 4, 5 40 0 0 XL Group plc EQUITY G98290102 2 52 SH OTR 1, 2, 3, 4, 5 52 0 0 The Hartford Financial Services Group, Inc. EQUITY 416515104 2 38 SH OTR 1, 2, 3, 4, 5 38 0 0 FirstEnergy Corp. EQUITY 337932107 2 59 SH OTR 1, 2, 3, 4, 5 59 0 0 Tesoro Corporation EQUITY 881609101 2 20 SH OTR 1, 2, 3, 4, 5 20 0 0 MetLife, Inc. EQUITY 59156R108 2 33 SH OTR 1, 2, 3, 4, 5 33 0 0 Best Buy Co., Inc. EQUITY 086516101 2 40 SH OTR 1, 2, 3, 4, 5 40 0 0 Entergy Corporation EQUITY 29364G103 2 23 SH OTR 1, 2, 3, 4, 5 23 0 0 GameStop Corp. EQUITY 36467W109 2 64 SH OTR 1, 2, 3, 4, 5 64 0 0 CenturyLink, Inc. EQUITY 156700106 2 66 SH OTR 1, 2, 3, 4, 5 66 0 0 Ford Motor Co. EQUITY 345370860 2 126 SH OTR 1, 2, 3, 4, 5 126 0 0 Ryder System, Inc. EQUITY 783549108 2 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Whirlpool Corp. EQUITY 963320106 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 American International Group, Inc. EQUITY 026874784 1 22 SH OTR 1, 2, 3, 4, 5 22 0 0 Express Scripts Holding Company EQUITY 30219G108 1 21 SH OTR 1, 2, 3, 4, 5 21 0 0 Staples, Inc. EQUITY 855030102 1 158 SH OTR 1, 2, 3, 4, 5 158 0 0 The Kroger Co. EQUITY 501044101 1 40 SH OTR 1, 2, 3, 4, 5 40 0 0 Western Digital Corporation EQUITY 958102105 1 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Xerox Corporation EQUITY 984121103 1 155 SH OTR 1, 2, 3, 4, 5 155 0 0 The AES Corporation EQUITY 00130H105 1 115 SH OTR 1, 2, 3, 4, 5 115 0 0 The Goodyear Tire & Rubber Company EQUITY 382550101 1 43 SH OTR 1, 2, 3, 4, 5 43 0 0 Leidos Holdings, Inc. EQUITY 525327102 1 25 SH OTR 1, 2, 3, 4, 5 25 0 0 CVS Health Corporation EQUITY 126650100 1 16 SH OTR 1, 2, 3, 4, 5 16 0 0 The Goldman Sachs Group, Inc. EQUITY 38141G104 1 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Morgan Stanley EQUITY 617446448 1 29 SH OTR 1, 2, 3, 4, 5 29 0 0 Jabil Circuit Inc. EQUITY 466313103 1 51 SH OTR 1, 2, 3, 4, 5 51 0 0 Macy's, Inc. EQUITY 55616P104 1 33 SH OTR 1, 2, 3, 4, 5 33 0 0 UnitedHealth Group Incorporated EQUITY 91324P102 1 7 SH OTR 1, 2, 3, 4, 5 7 0 0 FedEx Corporation EQUITY 31428X106 1 6 SH OTR 1, 2, 3, 4, 5 6 0 0 General Motors Company EQUITY 37045V100 1 31 SH OTR 1, 2, 3, 4, 5 31 0 0 Principal Financial Group Inc. EQUITY 74251V102 1 18 SH OTR 1, 2, 3, 4, 5 18 0 0 Target Corp. EQUITY 87612E106 1 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Humana Inc. EQUITY 444859102 1 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Bed Bath & Beyond Inc. EQUITY 075896100 1 25 SH OTR 1, 2, 3, 4, 5 25 0 0 Aflac Incorporated EQUITY 001055102 1 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Delta Air Lines, Inc. EQUITY 247361702 1 19 SH OTR 1, 2, 3, 4, 5 19 0 0 Loews Corporation EQUITY 540424108 1 19 SH OTR 1, 2, 3, 4, 5 19 0 0 Capital One Financial Corporation EQUITY 14040H105 1 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Walgreens Boots Alliance, Inc. EQUITY 957638109 1 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Southwest Airlines Co. EQUITY 844741108 1 15 SH OTR 1, 2, 3, 4, 5 15 0 0 Jacobs Engineering Group Inc. EQUITY 469814107 1 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Citigroup Inc. EQUITY 172967424 1 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Quest Diagnostics Inc. EQUITY 74834L100 1 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Genworth Financial, Inc. EQUITY 37247D106 1 160 SH OTR 1, 2, 3, 4, 5 160 0 0 United Continental Holdings, Inc. EQUITY 910047109 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Textron Inc. EQUITY 883203101 1 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Owens-Illinois, Inc. EQUITY 690768403 1 29 SH OTR 1, 2, 3, 4, 5 29 0 0 PulteGroup, Inc. EQUITY 745867101 0 26 SH OTR 1, 2, 3, 4, 5 26 0 0 Marathon Petroleum Corporation EQUITY 56585A102 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Freeport-McMoRan Inc. EQUITY 35671D857 0 35 SH OTR 1, 2, 3, 4, 5 35 0 0 Torchmark Corporation EQUITY 891027104 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Phillips 66 EQUITY 718546104 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 International Paper Company EQUITY 460146103 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Quanta Services, Inc. EQUITY 74762E102 0 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Laboratory Corp. of America Holdings EQUITY 50540R409 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Eastman Chemical Co. EQUITY 277432100 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Cardinal Health, Inc. EQUITY 14149Y108 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 PVH Corp. EQUITY 693656100 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 DeVry Education Group Inc. EQUITY 251893103 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 McKesson Corporation EQUITY 58155Q103 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Seagate Technology Public Limited Company EQUITY G7945M107 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 DR Horton Inc. EQUITY 23331A109 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Harman International Industries, Incorporated EQUITY 413086109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Lennar Corporation EQUITY 526057104 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 United Rentals, Inc. EQUITY 911363109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Dean Foods Company EQUITY 242370203 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 R.R. Donnelley & Sons Company EQUITY 279765101 0 12 SH OTR 1, 2, 3, 4, 5 12 0 0 AutoNation, Inc. EQUITY 05329W102 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Signet Jewelers Limited EQUITY G81276100 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 The Dow Chemical Company EQUITY 260543103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 AT&T EQUITY 00206R102 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Tenet Healthcare Corp. EQUITY 88033G407 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Big Lots Inc. EQUITY 089302103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 NetApp, Inc. EQUITY 64110D104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Foot Locker, Inc. EQUITY 344849104 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 Eaton Corporation plc EQUITY G29183103 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Ameriprise Financial, Inc. EQUITY 03076C106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Centene Corp. EQUITY 15135B101 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 CF Industries Holdings, Inc. EQUITY 125269100 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Progressive Corp Ohio EQUITY 743315103 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 American Airlines Group Inc. EQUITY 02376R102 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Legg Mason Inc. EQUITY 524901105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Ralph Lauren Corp. EQUITY 751212101 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Alask Air Group Inc. EQUITY 011659109 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 Discover Financial Services EQUITY 254709108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Viacom, Inc. EQUITY 92553P201 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 TEGNA Inc. EQUITY 87901J105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 CBRE Group, Inc. EQUITY 12504L109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Nucor Corporation EQUITY 670346105 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Pentair plc EQUITY H6169Q108 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 Robert Half Intl, Inc. EQUITY 770323103 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 BorgWarner Inc. EQUITY 099724106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Invesco Ltd. EQUITY 46127U104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Urban Outfitters, Inc. EQUITY 917047102 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 Discovery Communications, Inc. EQUITY 25470F104 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 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 The Gap, Inc. EQUITY 364760108 0 1 SH OTR 1, 2, 3, 4, 5 1 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 Van Eck MARKET VECTORS INTERMEDIATE 57060U845 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0