The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A10 Networks, Inc. COM 002121101   217,303 14,894 SH   SOLE   14,894 0 0
Aberdeen Standard Bloomberg Al COM 003261104   745,597 36,984 SH   SOLE   36,984 0 0
Academy Sports and Outdoors, I COM 00402L107   3,277,052 60,630 SH   SOLE   60,630 0 0
Adobe Inc. COM 00724F101   4,936,843 10,096 SH   SOLE   10,096 0 0
AerCap Holdings NV SHS N00985106   3,389,110 53,355 SH   SOLE   53,355 0 0
AGCO Corp. COM 001084102   1,928,063 14,671 SH   SOLE   14,671 0 0
Akamai Technologies Inc. COM 00971T101   5,224,592 58,135 SH   SOLE   58,135 0 0
Allison Transmission Holdings, COM 01973R101   2,514,503 44,536 SH   SOLE   44,536 0 0
Allstate Corp. COM 020002101   409,990 3,760 SH   SOLE   3,760 0 0
Alphabet Inc. CAP STK CL A 02079K305   9,096,602 75,995 SH   SOLE   75,995 0 0
American Airlines Group Inc. COM 02376R102   295,508 16,472 SH   SOLE   16,472 0 0
AmerisourceBergen Corp. COM 03073E105   5,580,278 28,999 SH   SOLE   28,999 0 0
Amkor Technology Inc. COM 031652100   381,068 12,809 SH   SOLE   12,809 0 0
Andersons Inc. COM 034164103   241,503 5,233 SH   SOLE   5,233 0 0
APA Corp. COM 03743Q108   437,000 12,789 SH   SOLE   12,789 0 0
Apple Inc. COM 037833100   18,708,988 96,453 SH   SOLE   96,453 0 0
Applied Materials Inc. COM 038222105   13,709,619 94,850 SH   SOLE   94,850 0 0
ArcBest Corporation COM 03937C105   2,005,442 20,298 SH   SOLE   20,298 0 0
ArcelorMittal SA ADR COM 03938L203   3,780,138 138,264 SH   SOLE   138,264 0 0
AutoNation Inc. COM 05329W102   5,137,478 31,210 SH   SOLE   31,210 0 0
Axis Capital Holdings Ltd COM G0692U109   290,413 5,395 SH   SOLE   5,395 0 0
Banco Santander S.A. ADR COM 05964H105   299,096 80,619 SH   SOLE   80,619 0 0
Barclays PLC ADR 06738E204   223,169 28,393 SH   SOLE   28,393 0 0
Bath & Body Works, Inc. COM 070830104   2,892,000 77,120 SH   SOLE   77,120 0 0
Best Buy Co. Inc. COM 086516101   4,137,328 50,486 SH   SOLE   50,486 0 0
Brinker International Inc COM 109641100   2,193,694 59,937 SH   SOLE   59,937 0 0
Bristol-Myers Squibb Co. COM 110122108   330,110 5,162 SH   SOLE   5,162 0 0
Canadian Natural Resources Ltd COM 136385101   796,754 14,162 SH   SOLE   14,162 0 0
Cardinal Health Inc. COM 14149Y108   5,555,798 58,748 SH   SOLE   58,748 0 0
Caterpillar Inc. COM 149123101   3,482,100 14,152 SH   SOLE   14,152 0 0
Cemex S.A.B. de C.V. SPON ADR NEW 151290889   4,127,194 582,937 SH   SOLE   582,937 0 0
Centene Corp. COM 15135B101   3,178,514 47,124 SH   SOLE   47,124 0 0
Charter Communications Inc. CL A 16119P108   4,512,038 12,282 SH   SOLE   12,282 0 0
Check Point Software Tech LT ORD M22465104   4,895,286 38,969 SH   SOLE   38,969 0 0
Chord Energy Corp. COM 674215207   467,706 3,041 SH   SOLE   3,041 0 0
Cisco Systems Inc. COM 17275R102   5,988,957 115,751 SH   SOLE   115,751 0 0
Citigroup Inc. COM 172967424   200,412 4,353 SH   SOLE   4,353 0 0
CNH Industrial NV SHS N20944109   1,698,970 117,984 SH   SOLE   117,984 0 0
Commercial Metals Co. COM 201723103   271,726 5,160 SH   SOLE   5,160 0 0
Communication Services Select COMMUNICATION 81369Y852   4,670,141 71,760 SH   SOLE   71,760 0 0
Corning Inc. COM 219350105   2,939,716 83,896 SH   SOLE   83,896 0 0
CRH PLC ADR 12626K203   5,903,646 105,933 SH   SOLE   105,933 0 0
Cummins Inc. COM 231021106   1,860,274 7,588 SH   SOLE   7,588 0 0
D.R. Horton Inc. COM 23331A109   9,418,319 77,396 SH   SOLE   77,396 0 0
Deere & Co. COM 244199105   3,065,262 7,565 SH   SOLE   7,565 0 0
Delta Air Lines Inc. COM NEW 247361702   499,027 10,497 SH   SOLE   10,497 0 0
Dick's Sporting Goods, Inc. COM 253393102   3,590,148 27,159 SH   SOLE   27,159 0 0
Diodes Inc. COM 254543101   359,786 3,890 SH   SOLE   3,890 0 0
Direxion Daily S&P500 Bear 1X COM 25460E869   20,984,806 1,470,554 SH   SOLE   1,470,554 0 0
Dolby Laboratories Inc. COM CL A 25659T107   3,766,855 45,015 SH   SOLE   45,015 0 0
Dropbox, Inc. CL A 26210C104   232,616 8,722 SH   SOLE   8,722 0 0
Eagle Materials Inc. COM 26969P108   4,273,306 22,923 SH   SOLE   22,923 0 0
Elevance Health Inc. COM 036752103   4,722,803 10,630 SH   SOLE   10,630 0 0
ENI S.p.A. ADS COM 26874R108   330,883 11,493 SH   SOLE   11,493 0 0
EOG Resources Inc. COM 26875P101   771,097 6,738 SH   SOLE   6,738 0 0
Everest Re Group Ltd. COM G3223R108   751,408 2,198 SH   SOLE   2,198 0 0
Exxon Mobil Corp. COM 30231G102   8,684,676 80,976 SH   SOLE   80,976 0 0
FedEx Corp. COM 31428X106   476,216 1,921 SH   SOLE   1,921 0 0
Fidelity Covington Trust MSCI ENERGY IDX 316092402   1,584,994 71,525 SH   SOLE   71,525 0 0
Flex Ltd. COM Y2573F102   6,607,287 239,048 SH   SOLE   239,048 0 0
Fortinet Inc. COM 34959E109   5,595,399 74,023 SH   SOLE   74,023 0 0
General Motors Co. COM 37045V100   378,466 9,815 SH   SOLE   9,815 0 0
Gerdau S.A. SPON ADR REP PFD 373737105   227,723 43,625 SH   SOLE   43,625 0 0
Gildan Activewear Inc. COM 375916103   369,535 11,462 SH   SOLE   11,462 0 0
GMS Inc. COM 36251C103   2,324,636 33,593 SH   SOLE   33,593 0 0
GoDaddy, Inc. CL A 380237107   4,905,764 65,297 SH   SOLE   65,297 0 0
Goldman Sachs Group Inc. COM 38141G104   608,956 1,888 SH   SOLE   1,888 0 0
GSK plc Sponsored ADR COM 37733W204   224,532 6,300 SH   SOLE   6,300 0 0
Health Care Select Sector SPDR COM 81369Y209   3,119,553 23,503 SH   SOLE   23,503 0 0
Home Depot Inc. COM 437076102   3,125,660 10,062 SH   SOLE   10,062 0 0
Humana Inc. COM 444859102   7,749,657 17,332 SH   SOLE   17,332 0 0
Hunt J.B. Trans Svcs Inc COM 445658107   3,434,863 18,974 SH   SOLE   18,974 0 0
Industrial Select Sector SPDR COM 81369Y704   3,476,953 32,398 SH   SOLE   32,398 0 0
Ingles Markets, Inc. CL A 457030104   203,236 2,459 SH   SOLE   2,459 0 0
Intel Corp. COM 458140100   256,853 7,681 SH   SOLE   7,681 0 0
InterDigital Inc. COM 45867G101   235,872 2,443 SH   SOLE   2,443 0 0
Interpublic Group Cos. Inc. COM 460690100   3,662,091 94,922 SH   SOLE   94,922 0 0
Invesco CurrencyShares Canadia CDN DLR SHS 46138T104   203,997 2,760 SH   SOLE   2,760 0 0
Invesco CurrencyShares Euro Tr COM 46138K103   4,646,535 46,092 SH   SOLE   46,092 0 0
Invesco CurrencyShares Japanes COM 46138W107   10,532,928 163,200 SH   SOLE   163,200 0 0
Invesco NASDAQ 100 ETF COM 46138G649   226,906 1,493 SH   SOLE   1,493 0 0
Invesco Exchange Traded FD T S&P500 EQL DIS 46137V381   1,323,894 9,599 SH   SOLE   9,599 0 0
iShares 0-5 Year TIPS Bond ETF 0-5 YR TIPS ETF 46429B747   5,357,947 54,897 SH   SOLE   54,897 0 0
iShares 1-3 Year Treasury Bond 1 3 YR TREAS BD 464287457   13,628,332 168,085 SH   SOLE   168,085 0 0
iShares 20 Year Treasury Bond 20 YR TR BD ETF 464287432   2,560,838 24,877 SH   SOLE   24,877 0 0
iShares 7-10 Year Treasury Bon 7-10 YR TRSY BD 464287440   2,829,511 29,291 SH   SOLE   29,291 0 0
iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842   5,055,818 74,901 SH   SOLE   74,901 0 0
iShares Core Total U.S. Bond M CORE US AGGBD ET 464287226   3,474,678 35,474 SH   SOLE   35,474 0 0
iShares DJ US Home Constructio US HOME CONS ETF 464288752   3,367,105 39,409 SH   SOLE   39,409 0 0
iShares Gold Trust ISHARES NEW 464285204   9,427,521 259,069 SH   SOLE   259,069 0 0
iShares International Treasury INTL TREA BD ETF 464288117   10,138,326 256,083 SH   SOLE   256,083 0 0
iShares JPMorgan USD Emerging JPMORGAN USD EMG 464288281   710,407 8,209 SH   SOLE   8,209 0 0
iShares MBS ETF MBS ETF 464288588   6,657,349 71,381 SH   SOLE   71,381 0 0
iShares MSCI Emerging Markets MSCI EMRG CHN 46434G764   1,930,277 37,135 SH   SOLE   37,135 0 0
iShares MSCI Global Metals & M MSCI GBL ETF NEW 46434G848   519,061 12,829 SH   SOLE   12,829 0 0
iShares S&P 500 Fund CORE S&P500 ETF 464287200   6,419,115 14,402 SH   SOLE   14,402 0 0
iShares U.S. Healthcare Provid US HLTHCR PR ETF 464288828   2,583,580 10,100 SH   SOLE   10,100 0 0
iShares U.S. Insurance ETF U.S. INSRNCE ETF 464288786   816,674 9,292 SH   SOLE   9,292 0 0
iShares US Transportation ETF US TRSPRTION 464287192   1,942,600 7,776 SH   SOLE   7,776 0 0
Jabil Inc. COM 466313103   7,811,434 72,375 SH   SOLE   72,375 0 0
Johnson & Johnson COM 478160104   387,317 2,340 SH   SOLE   2,340 0 0
Juniper Networks Inc. COM 48203R104   218,057 6,960 SH   SOLE   6,960 0 0
KB Home COM 48666K109   3,407,999 65,906 SH   SOLE   65,906 0 0
KLA Corporation COM 482480100   8,975,780 18,506 SH   SOLE   18,506 0 0
Knight-Swift Transportation Ho CL A 499049104   2,872,119 51,694 SH   SOLE   51,694 0 0
Lam Research Corp. COM 512807108   17,821,365 27,722 SH   SOLE   27,722 0 0
Lennar Corp. (Cl A) COM 526057104   6,478,151 51,697 SH   SOLE   51,697 0 0
LKQ Corp. COM 501889208   5,675,090 97,393 SH   SOLE   97,393 0 0
M.D.C. Holdings Inc. COM 552676108   3,515,561 75,167 SH   SOLE   75,167 0 0
Madden Steven Ltd COM 556269108   210,295 6,433 SH   SOLE   6,433 0 0
Martin Marietta Materials Inc. COM 573284106   4,198,609 9,094 SH   SOLE   9,094 0 0
Marvell Technology Inc. COM 573874104   475,849 7,960 SH   SOLE   7,960 0 0
Mastercard Inc. Cl A COM 57636Q104   7,390,107 18,790 SH   SOLE   18,790 0 0
McKesson Corp. COM 58155Q103   5,239,248 12,261 SH   SOLE   12,261 0 0
Merck & Co. Inc. COM 58933Y105   10,639,650 92,206 SH   SOLE   92,206 0 0
Meritage Homes Corp. COM 59001A102   5,499,305 38,654 SH   SOLE   38,654 0 0
Meta Platforms Inc. CL A 30303M102   12,089,606 42,127 SH   SOLE   42,127 0 0
Microsoft Corp. COM 594918104   23,177,833 68,062 SH   SOLE   68,062 0 0
Mizuho Financial Group Inc. AD COM 60687Y109   294,699 95,993 SH   SOLE   95,993 0 0
MKS Instruments Inc. COM 55306N104   3,679,184 34,035 SH   SOLE   34,035 0 0
MSC Industrial Direct Inc. CL A 553530106   1,710,752 17,955 SH   SOLE   17,955 0 0
Netflix Inc. COM 64110L106   7,596,691 17,246 SH   SOLE   17,246 0 0
Nokia Corp. SPONSORED ADR 654902204   201,831 48,517 SH   SOLE   48,517 0 0
Novartis AG ADS COM 66987V109   486,790 4,824 SH   SOLE   4,824 0 0
ODP Corporation COM 88337F105   2,242,538 47,897 SH   SOLE   47,897 0 0
Okta, Inc. CL A 679295105   4,965,460 71,600 SH   SOLE   71,600 0 0
Old Republic International Cor COM 680223104   348,026 13,827 SH   SOLE   13,827 0 0
Omnicom Group Inc. COM 681919106   5,004,795 52,599 SH   SOLE   52,599 0 0
Oracle Corp. COM 68389X105   9,675,705 81,247 SH   SOLE   81,247 0 0
Paccar Inc. COM 693718108   2,980,700 35,633 SH   SOLE   35,633 0 0
Patterson Cos Inc COM 703395103   2,643,837 79,490 SH   SOLE   79,490 0 0
Penske Automotive Grp Inc Com COM 70959W103   6,279,452 37,685 SH   SOLE   37,685 0 0
Perion Network Ltd SHS NEW M78673114   2,384,102 77,734 SH   SOLE   77,734 0 0
Petroleo Brasileiro SA Sponsor COM 71654V408   323,650 23,402 SH   SOLE   23,402 0 0
Pfizer Inc. COM 717081103   3,427,489 93,443 SH   SOLE   93,443 0 0
Progress Software Corp COM 743312100   2,544,954 43,803 SH   SOLE   43,803 0 0
ProShares Short Russell2000 COM 74348A210   11,414,886 499,995 SH   SOLE   499,995 0 0
PTC Inc. COM 69370C100   491,362 3,453 SH   SOLE   3,453 0 0
PulteGroup Inc. COM 745867101   9,175,173 118,115 SH   SOLE   118,115 0 0
Qualys, Inc. COM 74758T303   3,652,153 28,274 SH   SOLE   28,274 0 0
Raymond James Financial Inc COM 754730109   232,964 2,245 SH   SOLE   2,245 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107   3,705,511 5,157 SH   SOLE   5,157 0 0
Reinsurance Group of America I COM 759351604   3,876,524 27,951 SH   SOLE   27,951 0 0
Ryanair Holdings PLC SPONSORED ADS 783513203   346,399 3,132 SH   SOLE   3,132 0 0
Ryder System Inc. COM 783549108   1,898,448 22,390 SH   SOLE   22,390 0 0
Ryerson Holding Corporation COM 783754104   245,748 5,665 SH   SOLE   5,665 0 0
Sanmina Corporation COM 801056102   2,849,867 47,285 SH   SOLE   47,285 0 0
Schneider National, Inc. CL B 80689H102   2,055,232 71,561 SH   SOLE   71,561 0 0
Schwab Fundamental Internation COM 808524755   200,618 6,213 SH   SOLE   6,213 0 0
Select Sector SPDF TR SBI CONS DISCR 81369Y407   326,205 1,921 SH   SOLE   1,921 0 0
Shell PLC Sponsored ADR COM 780259305   7,024,549 116,339 SH   SOLE   116,339 0 0
Signet Jewelers Ltd. COM G81276100   2,916,013 44,683 SH   SOLE   44,683 0 0
Skyworks Solutions Inc COM 83088M102   309,711 2,798 SH   SOLE   2,798 0 0
SolarEdge Technologies, Inc. COM 83417M104   6,320,523 23,492 SH   SOLE   23,492 0 0
SPDR Barclays International Co COM 78464A151   5,312,679 187,198 SH   SOLE   187,198 0 0
SPDR Barclays Short Term High COM 78468R408   5,516,128 223,325 SH   SOLE   223,325 0 0
SPDR Bloomberg Barclays 1-3 Mo BLOOMBERG 1-3 MO 78468R663   1,910,682 20,809 SH   SOLE   20,809 0 0
SPDR Bloomberg Barclays Intern COM 78464A516   18,453,725 818,347 SH   SOLE   818,347 0 0
SPDR Gold Trust COM 78463V107   7,780,951 43,647 SH   SOLE   43,647 0 0
SPDR S&P Homebuilders ETF COM 78464A888   929,312 11,573 SH   SOLE   11,573 0 0
SPDR S&P Metals & Mining ETF COM 78464A755   827,197 16,277 SH   SOLE   16,277 0 0
SPDR S&P Retail ETF COM 78464A714   3,345,664 52,481 SH   SOLE   52,481 0 0
SPDR S&P Semiconductor ETF COM 78464A862   1,359,384 6,143 SH   SOLE   6,143 0 0
SPDR S&P Software & Services E COMP SOFTWARE 78464A599   857,835 6,433 SH   SOLE   6,433 0 0
Steel Dynamics Inc. COM 858119100   4,096,857 37,610 SH   SOLE   37,610 0 0
Stifel Financial Corp. COM 860630102   343,461 5,756 SH   SOLE   5,756 0 0
Summit Materials, Inc. CL A 86614U100   4,586,512 121,176 SH   SOLE   121,176 0 0
Suncor Energy Inc. COM 867224107   365,181 12,455 SH   SOLE   12,455 0 0
Takeda Pharmaceutical Co. Ltd. COM 874060205   278,491 17,727 SH   SOLE   17,727 0 0
Taylor Morrison Home Corp. Cla COM 87724P106   4,211,728 86,359 SH   SOLE   86,359 0 0
TE Connectivity Ltd. SHS H84989104   6,570,701 46,880 SH   SOLE   46,880 0 0
Technology Select Sector SPDR COM 81369Y803   13,314,894 76,584 SH   SOLE   76,584 0 0
Terex Corp. COM 880779103   2,716,701 45,407 SH   SOLE   45,407 0 0
Ternium S.A. Sponsored ADR COM 880890108   325,764 8,216 SH   SOLE   8,216 0 0
Texas Roadhouse Inc COM 882681109   2,366,189 21,074 SH   SOLE   21,074 0 0
TFI International Inc. COM 87241L109   3,270,082 28,695 SH   SOLE   28,695 0 0
Toll Brothers Inc. COM 889478103   6,261,632 79,191 SH   SOLE   79,191 0 0
TRI Pointe Group Inc COM 87265H109   566,178 17,230 SH   SOLE   17,230 0 0
Triton International Ltd. Clas COM G9078F107   3,434,059 41,245 SH   SOLE   41,245 0 0
Ulta Beauty, Inc. COM 90384S303   3,983,116 8,464 SH   SOLE   8,464 0 0
United Airlines Holdings, Inc. COM 910047109   349,741 6,374 SH   SOLE   6,374 0 0
United Rentals Inc. COM 911363109   7,361,075 16,528 SH   SOLE   16,528 0 0
United States Steel Corp. COM 912909108   3,469,812 138,737 SH   SOLE   138,737 0 0
UnitedHealth Group Inc. COM 91324P102   11,706,468 24,356 SH   SOLE   24,356 0 0
Univar Solutions, Inc. COM 91336L107   304,532 8,497 SH   SOLE   8,497 0 0
VanEck Vectors J.P. Morgan EM COM 92189H300   6,152,292 240,700 SH   SOLE   240,700 0 0
Vanguard Mortgage-Backed Secur COM 92206C771   8,166,352 177,568 SH   SOLE   177,568 0 0
Vanguard Russell 1000 Value ET COM 92206C714   3,552,203 51,325 SH   SOLE   51,325 0 0
Vanguard Short-Term Corporate COM 92206C409   1,921,007 25,390 SH   SOLE   25,390 0 0
Vanguard Short-Term Inflation- COM 922020805   4,142,564 87,359 SH   SOLE   87,359 0 0
Vanguard Short-Term Treasury E COM 92206C102   699,226 12,112 SH   SOLE   12,112 0 0
VeriSign Inc. COM 92343E102   6,454,381 28,563 SH   SOLE   28,563 0 0
Verizon Communications Inc. COM 92343V104   4,601,184 123,721 SH   SOLE   123,721 0 0
Visa Inc. COM CL A 92826C839   5,932,013 24,979 SH   SOLE   24,979 0 0
Werner Enterprises Inc. COM 950755108   1,829,494 41,410 SH   SOLE   41,410 0 0
Wesco International Inc. COM 95082P105   5,043,404 28,166 SH   SOLE   28,166 0 0
Williams-Sonoma Inc. COM 969904101   2,646,961 21,152 SH   SOLE   21,152 0 0
Wix.com Ltd. SHS M98068105   3,776,958 48,274 SH   SOLE   48,274 0 0
WPP PLC NEW ADR 92937A102   3,459,472 66,172 SH   SOLE   66,172 0 0