Chief Executive Officer

0000950123-20-003892.txt : 20200505 0000950123-20-003892.hdr.sgml : 20200505 20200505100435 ACCESSION NUMBER: 0000950123-20-003892 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200505 DATE AS OF CHANGE: 20200505 EFFECTIVENESS DATE: 20200505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Alaska Permanent Fund Corp CENTRAL INDEX KEY: 0001582681 IRS NUMBER: 926001185 STATE OF INCORPORATION: AK FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-20231 FILM NUMBER: 20847287 BUSINESS ADDRESS: STREET 1: 801 WEST 10TH STREET STREET 2: SUITE 302 CITY: JUNEAU STATE: AK ZIP: 99801 BUSINESS PHONE: 907-796-1500 MAIL ADDRESS: STREET 1: 801 WEST 10TH STREET STREET 2: SUITE 302 CITY: JUNEAU STATE: AK ZIP: 99801 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001582681 XXXXXXXX 03-31-2020 03-31-2020 Alaska Permanent Fund Corp

801 West 10th Street Suite 302 Juneau AK 99801

13F COMBINATION REPORT 028-20231 028-05990 ACADIAN ASSET MANAGEMENT LLC 028-06538 AEW CAPITAL MANAGEMENT L P 028-13991 ALLIANZ GLOBAL INVESTORS U.S. LLC 028-10120 AQR CAPITAL MANAGEMENT, LLC 028-10005 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 028-05573 CASTLEARK MANAGEMENT LLC 028-18347 CDAM (UK) Ltd 028-11197 COHEN & STEERS, INC. 028-01186 DIMENSIONAL FUND ADVISORS LP 028-10309 DSM CAPITAL PARTNERS LLC 028-01666 EAGLE ASSET MANAGEMENT INC 028-05210 HARDMAN JOHNSTON GLOBAL ADVISORS LLC 028-11937 J.P. MORGAN INVESTMENT MANAGEMENT INC. 028-00074 JENNISON ASSOCIATES LLC 028-10469 LAZARD ASSET MANAGEMENT LLC 028-12889 LONGVIEW PARTNERS (GUERNSEY) LTD 028-06580 LSV ASSET MANAGEMENT 028-14843 LYRICAL ASSET MANAGEMENT LP 028-13120 MACQUARIE GROUP LTD 028-03719 MCKINLEY CAPITAL MANAGEMENT, LLC 028-02900 MELLON INVESTMENTS CORP 028-11450 MONDRIAN INVESTMENT PARTNERS LIMITED 028-03791 PZENA INVESTMENT MANAGEMENT LLC 028-11396 RBC GLOBAL ASSET MANAGEMENT (U.S.) 028-14643 RICHARD BERNSTEIN ADVISORS LLC 028-04731 SCHRODER INVESTMENT MANAGEMENT GROUP 028-04530 SKBA CAPITAL MANAGEMENT LLC 028-00399 STATE STREET CORP 028-00115 PRICE T ROWE ASSOCIATES INC 028-13681 TB ALTERNATIVE ASSETS LTD 028-07104 WCM INVESTMENT MANAGEMENT, LLC 028-00165 WELLS FARGO & COMPANY/MN 028-17022 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC N Angela Rodell Chief Executive Officer 907 796 1500 /s/ Angela Rodell Juneau AK 05-05-2020 0 249 5729148 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F ABBVIE INC COM 00287Y109 957 12560 SH SOLE 12560 0 0 ADT INC COM 00090Q103 233 53900 SH SOLE 53900 0 0 AFFILIATED MANAGERS GROUP IN COM 008252108 622 10510 SH SOLE 10510 0 0 AGNC INVT CORP COM 00123Q104 291 27500 SH SOLE 27500 0 0 AIR LEASE CORP CL A 00912X302 498 22480 SH SOLE 22480 0 0 ALASKA AIR GROUP INC COM 011659109 432 15180 SH SOLE 15180 0 0 ALBEMARLE CORP COM 012653101 884 15690 SH SOLE 15690 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 855 9520 SH SOLE 9520 0 0 ALLERGAN PLC SHS G0177J108 969 5470 SH SOLE 5470 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 317 9410 SH SOLE 9410 0 0 ALLISON TRANSMISSION HLDGS I COM 01973R101 707 21670 SH SOLE 21670 0 0 ALLSTATE CORP COM 020002101 863 9410 SH SOLE 9410 0 0 ALLY FINL INC COM 02005N100 465 32190 SH SOLE 32190 0 0 ALTRIA GROUP INC COM 02209S103 846 21880 SH SOLE 21880 0 0 AMC NETWORKS INC CL A 00164V103 602 24770 SH SOLE 24770 0 0 AMERICAN AIRLS GROUP INC COM 02376R102 439 36020 SH SOLE 36020 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 223 9200 SH SOLE 9200 0 0 AMERIPRISE FINL INC COM 03076C106 664 6480 SH SOLE 6480 0 0 AMERISOURCEBERGEN CORP COM 03073E105 496 5600 SH SOLE 5600 0 0 ANNALY CAPITAL MANAGEMENT IN COM 035710409 569 112190 SH SOLE 112190 0 0 ANTERO MIDSTREAM CORP COM 03676B102 337 160610 SH SOLE 160610 0 0 ANTERO RESOURCES CORP COM 03674X106 259 363790 SH SOLE 363790 0 0 ARDAGH GROUP S A CL A L0223L101 665 56110 SH SOLE 56110 0 0 ARROW ELECTRS INC COM 042735100 662 12760 SH SOLE 12760 0 0 ASSOCIATED BANC CORP COM 045487105 619 48400 SH SOLE 48400 0 0 AT&T INC COM 00206R102 666 22840 SH SOLE 22840 0 0 ATHENE HLDG LTD CL A G0684D107 575 23180 SH SOLE 23180 0 0 BANK NEW YORK MELLON CORP COM 064058100 609 18090 SH SOLE 18090 0 0 BANK OZK COM 06417N103 578 34630 SH SOLE 34630 0 0 BANKUNITED INC COM 06652K103 251 13400 SH SOLE 13400 0 0 BERRY GLOBAL GROUP INC COM 08579W103 789 23400 SH SOLE 23400 0 0 BGC PARTNERS INC CL A 05541T101 463 183910 SH SOLE 183910 0 0 BIOGEN INC COM 09062X103 1088 3440 SH SOLE 3440 0 0 BK OF AMERICA CORP COM 060505104 675 31800 SH SOLE 31800 0 0 BLOCK H & R INC COM 093671105 289 20500 SH SOLE 20500 0 0 BOK FINL CORP COM NEW 05561Q201 535 12560 SH SOLE 12560 0 0 BORGWARNER INC COM 099724106 600 24610 SH SOLE 24610 0 0 BRIGHTHOUSE FINL INC COM 10922N103 622 25720 SH SOLE 25720 0 0 BRISTOL-MYERS SQUIBB CO COM 110122108 1097 19680 SH SOLE 19680 0 0 BRUNSWICK CORP COM 117043109 620 17520 SH SOLE 17520 0 0 CABOT CORP COM 127055101 576 22070 SH SOLE 22070 0 0 CAPITAL ONE FINL CORP COM 14040H105 536 10630 SH SOLE 10630 0 0 CAPRI HOLDINGS LIMITED SHS G1890L107 318 29490 SH SOLE 29490 0 0 CARDINAL HEALTH INC COM 14149Y108 952 19850 SH SOLE 19850 0 0 CARNIVAL CORP UNIT 99/99/999 143658300 297 22580 SH SOLE 22580 0 0 CATERPILLAR INC DEL COM 149123101 823 7090 SH SOLE 7090 0 0 CELANESE CORP DEL COM 150870103 286 3900 SH SOLE 3900 0 0 CENTENE CORP DEL COM 15135B101 1132 19050 SH SOLE 19050 0 0 CENTURYLINK INC COM 156700106 730 77170 SH SOLE 77170 0 0 CERENCE INC COM 156727109 459 29800 SH SOLE 29800 0 0 CHANGE HEALTHCARE INC COM 15912K100 653 65400 SH SOLE 65400 0 0 CHEMOURS CO COM 163851108 560 63080 SH SOLE 63080 0 0 CHESAPEAKE ENERGY CORP COM 165167107 170 979910 SH SOLE 979910 0 0 CHIMERA INVT CORP COM NEW 16934Q208 459 50420 SH SOLE 50420 0 0 CIGNA CORP NEW COM 125523100 987 5570 SH SOLE 5570 0 0 CIMAREX ENERGY CO COM 171798101 372 22080 SH SOLE 22080 0 0 CIT GROUP INC COM NEW 125581801 390 22580 SH SOLE 22580 0 0 CITIGROUP INC COM NEW 172967424 584 13870 SH SOLE 13870 0 0 CITIZENS FINANCIAL GROUP INC COM 174610105 513 27250 SH SOLE 27250 0 0 CNA FINL CORP COM 126117100 335 10800 SH SOLE 10800 0 0 COLONY CAP INC NEW CL A COM 19626G108 302 172390 SH SOLE 172390 0 0 COMERICA INC COM 200340107 437 14890 SH SOLE 14890 0 0 COMMSCOPE HLDG CO INC COM 20337X109 641 70390 SH SOLE 70390 0 0 COPA HOLDINGS SA CL A P31076105 445 9820 SH SOLE 9820 0 0 CUMMINS INC COM 231021106 794 5870 SH SOLE 5870 0 0 CVS HEALTH CORP COM 126650100 883 14890 SH SOLE 14890 0 0 D R HORTON INC COM 23331A109 299 8800 SH SOLE 8800 0 0 DAVITA INC COM 23918K108 1008 13250 SH SOLE 13250 0 0 DBX ETF TR XTRACK HRVST C 233051879 204805 7910596 SH SOLE 7910596 0 0 DELL TECHNOLOGIES INC CL C 24703L202 388 9800 SH SOLE 9800 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 517 18120 SH SOLE 18120 0 0 DIAMONDBACK ENERGY INC COM 25278X109 313 11940 SH SOLE 11940 0 0 DISCOVER FINL SVCS COM 254709108 437 12250 SH SOLE 12250 0 0 DISCOVERY INC COM SER A 25470F104 680 34960 SH SOLE 34960 0 0 DOMTAR CORP COM NEW 257559203 589 27240 SH SOLE 27240 0 0 DXC TECHNOLOGY CO COM 23355L106 422 32340 SH SOLE 32340 0 0 E TRADE FINANCIAL CORP COM NEW 269246401 803 23390 SH SOLE 23390 0 0 EAST WEST BANCORP INC COM 27579R104 584 22680 SH SOLE 22680 0 0 EASTMAN CHEM CO COM 277432100 622 13360 SH SOLE 13360 0 0 ELEMENT SOLUTIONS INC COM 28618M106 357 42700 SH SOLE 42700 0 0 EQUITABLE HLDGS INC COM 29452E101 634 43850 SH SOLE 43850 0 0 EQUITRANS MIDSTREAM CORP COM 294600101 419 83370 SH SOLE 83370 0 0 EVERCORE INC CLASS A 29977A105 625 13560 SH SOLE 13560 0 0 F N B CORP COM 302520101 617 83720 SH SOLE 83720 0 0 FIFTH THIRD BANCORP COM 316773100 511 34430 SH SOLE 34430 0 0 FIRST HORIZON NATL CORP COM 320517105 507 62960 SH SOLE 62960 0 0 FOOT LOCKER INC COM 344849104 546 24780 SH SOLE 24780 0 0 FORD MTR CO DEL COM 345370860 554 114610 SH SOLE 114610 0 0 FRANKLIN RESOURCES INC COM 354613101 627 37540 SH SOLE 37540 0 0 FRANKLIN TEMPLETON ETF TR FTSE JAPAN ETF 35473P744 7529 346300 SH SOLE 346300 0 0 GAP INC COM 364760108 427 60620 SH SOLE 60620 0 0 GATES INDUSTRIAL CORPRATIN P ORD SHS G39108108 568 76900 SH SOLE 76900 0 0 GENERAL MTRS CO COM 37045V100 580 27930 SH SOLE 27930 0 0 GILEAD SCIENCES INC COM 375558103 1189 15900 SH SOLE 15900 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 720 4660 SH SOLE 4660 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 375 64390 SH SOLE 64390 0 0 GRAFTECH INTL LTD COM 384313508 660 81270 SH SOLE 81270 0 0 HANESBRANDS INC COM 410345102 530 67400 SH SOLE 67400 0 0 HARLEY DAVIDSON INC COM 412822108 510 26920 SH SOLE 26920 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 520 14760 SH SOLE 14760 0 0 HEWLETT PACKARD ENTERPRISE C COM 42824C109 620 63870 SH SOLE 63870 0 0 HOLLYFRONTIER CORP COM 436106108 471 19220 SH SOLE 19220 0 0 HP INC COM 40434L105 941 54190 SH SOLE 54190 0 0 HUNTINGTON BANCSHARES INC COM 446150104 566 68960 SH SOLE 68960 0 0 HUNTSMAN CORP COM 447011107 638 44240 SH SOLE 44240 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 853 7690 SH SOLE 7690 0 0 INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 436 73210 SH SOLE 73210 0 0 INTERPUBLIC GROUP COS INC COM 460690100 338 20900 SH SOLE 20900 0 0 INTL PAPER CO COM 460146103 719 23090 SH SOLE 23090 0 0 INVESCO LTD SHS G491BT108 540 59520 SH SOLE 59520 0 0 ISHARES INC MSCI STH KOR E 464286772 3284 70000 SH SOLE 70000 0 0 ISHARES INC CORE MSCI EMKT 46434G103 10118 250000 SH SOLE 250000 0 0 ISHARES INC MSCI GBL ETF N 46434G848 4933 255600 SH SOLE 255600 0 0 ISHARES TR CORE S&P TTL S 464287150 11442 200000 SH SOLE 200000 0 0 ISHARES TR RUS 2000 VAL E 464287630 196011 2389509 SH SOLE 2389509 0 0 ISHARES TR IBOXX HI YD ET 464288513 103719 1345775 SH SOLE 1345775 0 0 ISHARES TR IBOXX HI YD ET 464288513 17726 230000 SH SOLE 230000 0 0 ISHARES TR IBOXX HI YD ET 464288513 200731 2604532 SH SOLE 2604532 0 0 ISHARES TR MSCI EURO FL E 464289180 3458 276012 SH SOLE 276012 0 0 ISHARES TR MSCI CHINA ETF 46429B671 3721 65000 SH SOLE 65000 0 0 ISHARES TR MSCI CHINA ETF 46429B671 320258 5594031 SH SOLE 5594031 0 0 ISHARES TR CORE MSCI EAFE 46432F842 14967 300000 SH SOLE 300000 0 0 ISHARES TR CORE MSCI EAFE 46432F842 531925 10661955 SH SOLE 10661955 0 0 ISHARES TR BROAD USD HIGH 46435U853 1775 50000 SH SOLE 50000 0 0 ISHARES TR BROAD USD HIGH 46435U853 160120 4510410 SH SOLE 4510410 0 0 JABIL INC COM 466313103 556 22640 SH SOLE 22640 0 0 JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 656 42830 SH SOLE 42830 0 0 JAZZ PHARMACEUTICALS PLC SHS USD G50871105 737 7390 SH SOLE 7390 0 0 JETBLUE AWYS CORP COM 477143101 486 54260 SH SOLE 54260 0 0 KEYCORP COM 493267108 558 53780 SH SOLE 53780 0 0 KOHLS CORP COM 500255104 297 20340 SH SOLE 20340 0 0 KRAFT HEINZ CO COM 500754106 837 33830 SH SOLE 33830 0 0 KRANESHARES TR CSI CHI INTERN 500767306 256968 5676348 SH SOLE 5676348 0 0 KROGER CO COM 501044101 1002 33270 SH SOLE 33270 0 0 L BRANDS INC COM 501797104 665 57490 SH SOLE 57490 0 0 LAZARD LTD SHS A G54050102 637 27030 SH SOLE 27030 0 0 LEAR CORP COM NEW 521865204 683 8400 SH SOLE 8400 0 0 LEGG MASON INC COM 524901105 1335 27330 SH SOLE 27330 0 0 LENNAR CORP CL A 526057104 665 17410 SH SOLE 17410 0 0 LINCOLN NATL CORP IND COM 534187109 447 17000 SH SOLE 17000 0 0 LIONS GATE ENTMNT CORP CL B NON VTG 535919500 690 123690 SH SOLE 123690 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 552 11130 SH SOLE 11130 0 0 MACYS INC COM 55616P104 327 66510 SH SOLE 66510 0 0 MANPOWERGROUP INC COM 56418H100 590 11140 SH SOLE 11140 0 0 MARATHON PETE CORP COM 56585A102 385 16290 SH SOLE 16290 0 0 MCKESSON CORP COM 58155Q103 973 7190 SH SOLE 7190 0 0 MEDNAX INC COM 58502B106 489 42040 SH SOLE 42040 0 0 METLIFE INC COM 59156R108 647 21160 SH SOLE 21160 0 0 MFA FINL INC COM 55272X102 96 61700 SH SOLE 61700 0 0 MGIC INVT CORP WIS COM 552848103 467 73610 SH SOLE 73610 0 0 MOLINA HEALTHCARE INC COM 60855R100 1146 8200 SH SOLE 8200 0 0 MORGAN STANLEY COM NEW 617446448 730 21470 SH SOLE 21470 0 0 MYLAN NV SHS EURO N59465109 797 53440 SH SOLE 53440 0 0 NAVIENT CORPORATION COM 63938C108 562 74110 SH SOLE 74110 0 0 NCR CORP NEW COM 62886E108 584 33020 SH SOLE 33020 0 0 NEW RESIDENTIAL INVT CORP COM NEW 64828T201 324 64680 SH SOLE 64680 0 0 NEWELL BRANDS INC COM 651229106 711 53550 SH SOLE 53550 0 0 NEXSTAR MEDIA GROUP INC CL A 65336K103 573 9930 SH SOLE 9930 0 0 NIELSEN HLDGS PLC SHS EUR G6518L108 633 50500 SH SOLE 50500 0 0 NORDSTROM INC COM 655664100 426 27750 SH SOLE 27750 0 0 NORWEGIAN CRUISE LINE HLDG L SHS G66721104 211 19240 SH SOLE 19240 0 0 NRG ENERGY INC COM NEW 629377508 701 25710 SH SOLE 25710 0 0 NU SKIN ENTERPRISES INC CL A 67018T105 269 12300 SH SOLE 12300 0 0 O-I GLASS INC COM 67098H104 746 104970 SH SOLE 104970 0 0 ONEMAIN HLDGS INC COM 68268W103 480 25120 SH SOLE 25120 0 0 OSHKOSH CORP COM 688239201 756 11750 SH SOLE 11750 0 0 PACWEST BANCORP DEL COM 695263103 490 27330 SH SOLE 27330 0 0 PARSLEY ENERGY INC CL A 701877102 306 53460 SH SOLE 53460 0 0 PBF ENERGY INC CL A 69318G106 197 27880 SH SOLE 27880 0 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 573 20450 SH SOLE 20450 0 0 PG&E CORP COM 69331C108 1183 131620 SH SOLE 131620 0 0 PHILLIPS 66 COM 718546104 489 9110 SH SOLE 9110 0 0 PINNACLE FINL PARTNERS INC COM 72346Q104 627 16710 SH SOLE 16710 0 0 POPULAR INC COM NEW 733174700 634 18120 SH SOLE 18120 0 0 PRINCIPAL FINL GROUP INC COM 74251V102 587 18720 SH SOLE 18720 0 0 PROSHARES TR PSHS ULT SEMIC 74347R669 325 8500 SH SOLE 8500 0 0 PRUDENTIAL FINL INC COM 744320102 575 11030 SH SOLE 11030 0 0 PULTE GROUP INC COM 745867101 583 26120 SH SOLE 26120 0 0 PVH CORPORATION COM 693656100 412 10940 SH SOLE 10940 0 0 QUANTA SVCS INC COM 74762E102 374 11800 SH SOLE 11800 0 0 QURATE RETAIL INC COM SER A 74915M100 602 98530 SH SOLE 98530 0 0 RANGE RES CORP COM 75281A109 558 244880 SH SOLE 244880 0 0 RAYMOND JAMES FINANCIAL INC COM 754730109 729 11540 SH SOLE 11540 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 552 61560 SH SOLE 61560 0 0 RESIDEO TECHNOLOGIES INC COM 76118Y104 468 96620 SH SOLE 96620 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 280 8710 SH SOLE 8710 0 0 RYDER SYS INC COM 783549108 533 20150 SH SOLE 20150 0 0 SANTANDER CONSUMER USA HDG I COM 80283M101 580 41680 SH SOLE 41680 0 0 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2657 30000 SH SOLE 30000 0 0 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 241628 2727799 SH SOLE 2727799 0 0 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 71783 731886 SH SOLE 731886 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 287727 13819755 SH SOLE 13819755 0 0 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 137020 2321976 SH SOLE 2321976 0 0 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 318528 3963267 SH SOLE 3963267 0 0 SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 217037 4905891 SH SOLE 4905891 0 0 SIGNATURE BK NEW YORK N Y COM 82669G104 651 8100 SH SOLE 8100 0 0 SLM CORP COM 78442P106 844 117430 SH SOLE 117430 0 0 SOUTHWEST AIRLS CO COM 844741108 313 8800 SH SOLE 8800 0 0 SPDR SER TR S&P BK ETF 78464A797 3882 144000 SH SOLE 144000 0 0 SPDR SER TR S&P OILGAS EXP 78468R556 1686 51250 SH SOLE 51250 0 0 SPDR SER TR S&P OILGAS EXP 78468R556 72739 2210923 SH SOLE 2210923 0 0 SPDR SER TR RUSSELL LOW VO 78468R754 349480 5615674 SH SOLE 5615674 0 0 SPDR SER TR RUSSELL MOMENT 78468R762 238699 4334468 SH SOLE 4334468 0 0 SPDR SER TR RUSSELL YIELD 78468R770 270588 5617235 SH SOLE 5617235 0 0 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 136 5700 SH SOLE 5700 0 0 STATE STR CORP COM 857477103 772 14490 SH SOLE 14490 0 0 STEEL DYNAMICS INC COM 858119100 715 31710 SH SOLE 31710 0 0 STERLING BANCORP DEL COM 85917A100 521 49810 SH SOLE 49810 0 0 SVB FINANCIAL GROUP COM 78486Q101 689 4560 SH SOLE 4560 0 0 SYNCHRONY FINL COM 87165B103 455 28250 SH SOLE 28250 0 0 SYNNEX CORP COM 87162W100 615 8410 SH SOLE 8410 0 0 SYNOVUS FINL CORP COM NEW 87161C501 491 27950 SH SOLE 27950 0 0 TAPESTRY INC COM 876030107 510 39370 SH SOLE 39370 0 0 TCF FINANCIAL CORPORATION NE COM 872307103 555 24510 SH SOLE 24510 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 388 17520 SH SOLE 17520 0 0 TEXTRON INC COM 883203101 288 10800 SH SOLE 10800 0 0 THOR INDS INC COM 885160101 662 15700 SH SOLE 15700 0 0 TIMKEN CO COM 887389104 655 20260 SH SOLE 20260 0 0 TOLL BROTHERS INC COM 889478103 493 25610 SH SOLE 25610 0 0 TWO HBRS INVT CORP COM NEW 90187B408 234 61460 SH SOLE 61460 0 0 UMPQUA HLDGS CORP COM 904214103 669 61360 SH SOLE 61360 0 0 UNITED AIRLS HLDGS INC COM 910047109 361 11430 SH SOLE 11430 0 0 UNITED RENTALS INC COM 911363109 740 7190 SH SOLE 7190 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 1085 11440 SH SOLE 11440 0 0 UNUM GROUP COM 91529Y106 526 35040 SH SOLE 35040 0 0 URBAN OUTFITTERS INC COM 917047102 520 36530 SH SOLE 36530 0 0 VALERO ENERGY CORP COM 91913Y100 491 10830 SH SOLE 10830 0 0 VANECK VECTORS ETF TR GOLD MINERS ET 92189F106 5760 250000 SH SOLE 250000 0 0 VANECK VECTORS ETF TR GOLD MINERS ET 92189F106 127506 5534123 SH SOLE 5534123 0 0 VANECK VECTORS ETF TR SEMICONDUCTOR 92189F676 305904 2611438 SH SOLE 2611438 0 0 VANECK VECTORS ETF TR JR GOLD MINERS 92189F791 113303 4032149 SH SOLE 4032149 0 0 VANGUARD INDEX FDS S&P 500 ETF SH 922908363 502461 2121699 SH SOLE 2121699 0 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT E 922042858 230132 6859367 SH SOLE 6859367 0 0 VANGUARD WORLD FDS ENERGY ETF 92204A306 4586 120000 SH SOLE 120000 0 0 VIACOMCBS INC CL B 92556H206 588 42003 SH SOLE 42003 0 0 VIR BIOTECHNOLOGY INC COM 92764N102 51405 1500000 SH SOLE 1500000 0 0 VISTRA ENERGY CORP COM 92840M102 319 20000 SH SOLE 20000 0 0 VOYA FINANCIAL INC COM 929089100 739 18220 SH SOLE 18220 0 0 WALGREENS BOOTS ALLIANCE INC COM 931427108 820 17920 SH SOLE 17920 0 0 WELLS FARGO CO NEW COM 949746101 555 19340 SH SOLE 19340 0 0 WESCO INTL INC COM 95082P105 447 19550 SH SOLE 19550 0 0 WESTERN ALLIANCE BANCORP COM 957638109 608 19850 SH SOLE 19850 0 0 WESTERN DIGITAL CORP. COM 958102105 383 9200 SH SOLE 9200 0 0 WESTROCK CO COM 96145D105 750 26530 SH SOLE 26530 0 0 WHIRLPOOL CORP COM 963320106 573 6680 SH SOLE 6680 0 0 WINTRUST FINL CORP COM 97650W108 499 15190 SH SOLE 15190 0 0 WYNDHAM DESTINATIONS INC COM 98310W108 464 21370 SH SOLE 21370 0 0 XEROX HOLDINGS CORP COM NEW 98421M106 554 29270 SH SOLE 29270 0 0 ZIONS BANCORPORATION N A COM 989701107 561 20960 SH SOLE 20960 0 0