Summit Trail Advisors, LLC Portfolio Holdings by Sector
Summit Trail Advisors, LLC
- $5.73 Billion
- Q2 2025
| Industry | Value | Buys | Sells | New Positions | Closed Positions | Options | 
|---|---|---|---|---|---|---|
| 
                      ETFs | ETFs
                         USFR VOO ISHG RSP VGSH VEA VGIT VWO 141 stocks | 
                  $3.18 Million
                  55.54% of portfolio              
                 |   91   |   32   |   74   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Semiconductors | Technology
                         AVGO NVDA QCOM AMD MU TXN ADI MPWR 20 stocks | 
                  $327,023
                  5.71% of portfolio              
                 |   20   | - |   16   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Software—Infrastructure | Technology
                         MSFT PLTR OKTA CRWD DLO ORCL ADBE RAMP 38 stocks | 
                  $260,135
                  4.54% of portfolio              
                 |   29   |   7   |   21   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Internet Content & Information | Communication Services
                         GOOG GOOGL META DASH SPOT IAC PINS TWLO 11 stocks | 
                  $150,765
                  2.63% of portfolio              
                 |   9   |   2   |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Software—Application | Technology
                         COIN DDOG UBER CRM MNDY BILL INTU NOW 40 stocks | 
                  $126,495
                  2.21% of portfolio              
                 |   34   |   5   |   21   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Consumer Electronics | Technology
                         AAPL SONY 2 stocks | 
                  $105,705
                  1.85% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Internet Retail | Consumer Cyclical
                         AMZN JD EBAY ETSY CPNG CVNA BABA W 11 stocks | 
                  $77,162
                  1.35% of portfolio              
                 |   8   |   3   |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Electronic Components | Technology
                         APH GLW JBL LFUS OLED PLXS 6 stocks | 
                  $75,092
                  1.31% of portfolio              
                 |   6   | - |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Banks—Diversified | Financial Services
                         JPM BAC WFC C MUFG EWBC HSBC BBVA 12 stocks | 
                  $59,446
                  1.04% of portfolio              
                 |   9   |   3   |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Drug Manufacturers—General | Healthcare
                         LLY JNJ ABBV MRK GILD AMGN PFE BMY 13 stocks | 
                  $58,534
                  1.02% of portfolio              
                 |   13   | - |   8   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Insurance Brokers | Financial Services
                         AON ERIE WTW MMC AJG BRO 6 stocks | 
                  $55,156
                  0.96% of portfolio              
                 |   6   | - |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Credit Services | Financial Services
                         V MA AXP SOFI COF PYPL SYF FCFS 14 stocks | 
                  $53,431
                  0.93% of portfolio              
                 |   12   |   2   |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Integrated Freight & Logistics | Industrials
                         EXPD UPS FDX JBHT XPO CHRW 6 stocks | 
                  $50,599
                  0.88% of portfolio              
                 |   6   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Asset Management | Financial Services
                         APO BX KKR CGBD BEN OWL BK STT 36 stocks | 
                  $47,522
                  0.83% of portfolio              
                 |   30   |   4   |   18   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Insurance—Diversified | Financial Services
                         BRK-B BRK-A ACGL AIG HIG ORI EQH 7 stocks | 
                  $46,716
                  0.82% of portfolio              
                 |   7   | - |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Household & Personal Products | Consumer Defensive
                         HIMS PG CL KMB UL CLX NWL CHD 11 stocks | 
                  $42,808
                  0.75% of portfolio              
                 |   11   | - |   11   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Specialty Industrial Machinery | Industrials
                         GE ETN CR EMR PH CMI FLS AME 27 stocks | 
                  $41,213
                  0.72% of portfolio              
                 |   26   |   1   |   24   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Capital Markets | Financial Services
                         SCHW GS MS LPLA TW EVR HLI RJF 11 stocks | 
                  $39,664
                  0.69% of portfolio              
                 |   9   |   2   |   8   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Aerospace & Defense | Industrials
                         LMT RTX GD BA HWM TDG LHX AXON 16 stocks | 
                  $38,770
                  0.68% of portfolio              
                 |   15   |   1   |   14   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Closed-End Fund - Equity | ETFs
                         VTI 1 stocks | 
                  $38,201
                  0.67% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Discount Stores | Consumer Defensive
                         COST WMT DLTR DG TGT BJ OLLI 7 stocks | 
                  $33,262
                  0.58% of portfolio              
                 |   6   |   1   |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Oil & Gas E&P | Energy
                         AR COP DVN HES SBR EOG EQT PR 12 stocks | 
                  $31,273
                  0.55% of portfolio              
                 |   9   |   3   |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Entertainment | Communication Services
                         NFLX DIS FOXA ROKU WBD NWSA NXST LYV 11 stocks | 
                  $28,361
                  0.5% of portfolio              
                 |   11   | - |   7   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Medical Devices | Healthcare
                         ABT SYK BSX MDT EW IART PHG PODD 15 stocks | 
                  $27,578
                  0.48% of portfolio              
                 |   14   |   1   |   12   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Utilities—Regulated Electric | Utilities
                         ED NEE DUK SO PEG XEL AEP ES 20 stocks | 
                  $25,520
                  0.45% of portfolio              
                 |   19   |   1   |   10   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Auto Manufacturers | Consumer Cyclical
                         TSLA GM F HMC RIVN RACE TM LCID 8 stocks | 
                  $25,362
                  0.44% of portfolio              
                 |   8   | - |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Information Technology Services | Technology
                         IBM ACN FISV CTSH G NCR CACI LDOS 16 stocks | 
                  $23,682
                  0.41% of portfolio              
                 |   14   |   2   |   10   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Oil & Gas Integrated | Energy
                         XOM CVX SHEL TTE NFG EQNR 6 stocks | 
                  $23,176
                  0.4% of portfolio              
                 |   6   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Farm & Heavy Construction Machinery | Industrials
                         CAT DE PCAR AGCO CNHI 5 stocks | 
                  $22,213
                  0.39% of portfolio              
                 |   5   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Telecom Services | Communication Services
                         T VZ CMCSA TMUS CHTR LBRDK ATNI ASTS 8 stocks | 
                  $22,098
                  0.39% of portfolio              
                 |   8   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Travel Services | Consumer Cyclical
                         BKNG CCL ABNB RCL TNL EXPE TRIP NCLH 8 stocks | 
                  $20,799
                  0.36% of portfolio              
                 |   7   |   1   |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Restaurants | Consumer Cyclical
                         MCD CMG SBUX TXRH YUMC YUM DRI DPZ 10 stocks | 
                  $19,920
                  0.35% of portfolio              
                 |   8   |   2   |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Banks—Regional | Financial Services
                         MTB OZK ZION PNC TFC CFG USB CBSH 31 stocks | 
                  $19,731
                  0.34% of portfolio              
                 |   28   |   3   |   22   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Insurance—Property & Casualty | Financial Services
                         PGR ALL CB MKL TRV WTM AXS CNA 12 stocks | 
                  $18,140
                  0.32% of portfolio              
                 |   11   |   1   |   9   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Tobacco | Consumer Defensive
                         PM MO 2 stocks | 
                  $17,923
                  0.31% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Healthcare Plans | Healthcare
                         UNH CI CVS HUM ELV MOH CNC OSCR 8 stocks | 
                  $17,230
                  0.3% of portfolio              
                 |   6   |   2   |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Building Products & Equipment | Industrials
                         MAS JCI TT CARR LII TREX LPX FBHS 12 stocks | 
                  $16,877
                  0.29% of portfolio              
                 |   12   | - |   7   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Staffing & Employment Services | Industrials
                         TNET ADP PAYX MAN HQI RHI 6 stocks | 
                  $16,769
                  0.29% of portfolio              
                 |   6   | - |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Medical Instruments & Supplies | Healthcare
                         ISRG AZTA RMD NVCR MASI BAX TFX ICUI 15 stocks | 
                  $16,258
                  0.28% of portfolio              
                 |   15   | - |   13   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Specialty Chemicals | Basic Materials
                         DD SHW EMN ECL PPG RPM ESI APD 15 stocks | 
                  $15,895
                  0.28% of portfolio              
                 |   14   |   1   |   12   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Specialty | Real Estate
                         SBAC WY AMT EPR PCH EQIX IRM RYN 10 stocks | 
                  $15,375
                  0.27% of portfolio              
                 |   10   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Specialty Retail | Consumer Cyclical
                         WOOF ORLY FIVE ULTA AZO BBY WSM CASY 12 stocks | 
                  $15,222
                  0.27% of portfolio              
                 |   11   |   1   |   8   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Home Improvement Retail | Consumer Cyclical
                         HD LOW 2 stocks | 
                  $15,054
                  0.26% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Diagnostics & Research | Healthcare
                         TMO DHR CRL SHC IDXX ILMN DGX IQV 13 stocks | 
                  $14,691
                  0.26% of portfolio              
                 |   13   | - |   10   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Communication Equipment | Technology
                         CSCO ZBRA MSI LITE CIEN VSAT JNPR ONDS 10 stocks | 
                  $14,472
                  0.25% of portfolio              
                 |   9   |   1   |   8   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Beverages—Non-Alcoholic | Consumer Defensive
                         KO PEP MNST KDP CELH 5 stocks | 
                  $13,335
                  0.23% of portfolio              
                 |   5   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Financial Data & Stock Exchanges | Financial Services
                         SPGI ICE CME MCO CBOE FDS MSCI NDAQ 8 stocks | 
                  $12,589
                  0.22% of portfolio              
                 |   7   |   1   |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Semiconductor Equipment & Materials | Technology
                         KLAC AMAT ASML TER ENTG ONTO IPGP CAMT 8 stocks | 
                  $11,889
                  0.21% of portfolio              
                 |   8   | - |   7   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Biotechnology | Healthcare
                         VRTX JAZZ REGN TECH ALNY KRYS EXEL NVO 16 stocks | 
                  $11,054
                  0.19% of portfolio              
                 |   15   | - |   8   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Medical Care Facilities | Healthcare
                         HCA DVA ACHC THC UHS AMED CHE EHC 10 stocks | 
                  $10,765
                  0.19% of portfolio              
                 |   9   |   1   |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Oil & Gas Midstream | Energy
                         WMB OKE EPD KMI LNG ET TRGP WES 10 stocks | 
                  $10,271
                  0.18% of portfolio              
                 |   9   |   1   |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Office | Real Estate
                         PSTL KRC HIW CUZ VNO ARE JBGS FSP 11 stocks | 
                  $9,409
                  0.16% of portfolio              
                 |   11   | - |   9   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Railroads | Industrials
                         UNP CSX WAB NSC 4 stocks | 
                  $8,854
                  0.15% of portfolio              
                 |   4   | - |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Packaged Foods | Consumer Defensive
                         POST INGR K HRL DAR KHC LW GIS 13 stocks | 
                  $8,688
                  0.15% of portfolio              
                 |   13   | - |   13   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Apparel Retail | Consumer Cyclical
                         TJX GPS BURL CRI LULU 5 stocks | 
                  $8,461
                  0.15% of portfolio              
                 |   5   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Oil & Gas Refining & Marketing | Energy
                         MPC PSX VLO VVV DINO DK 6 stocks | 
                  $8,277
                  0.14% of portfolio              
                 |   5   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Retail | Real Estate
                         SPG NNN KIM O REG FRT ADC 7 stocks | 
                  $7,803
                  0.14% of portfolio              
                 |   7   | - |   7   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Residential | Real Estate
                         ESS SUI CPT MAA UDR INVH AMH EQR 9 stocks | 
                  $7,125
                  0.12% of portfolio              
                 |   9   | - |   8   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Scientific & Technical Instruments | Technology
                         ST KEYS GRMN TRMB CGNX FTV VNT TDY 9 stocks | 
                  $6,845
                  0.12% of portfolio              
                 |   9   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Industrial Distribution | Industrials
                         MSM SITE WSO WCC GWW CNM FAST AIT 8 stocks | 
                  $6,822
                  0.12% of portfolio              
                 |   7   |   1   |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Lodging | Consumer Cyclical
                         MAR WH HLT CHH 4 stocks | 
                  $6,749
                  0.12% of portfolio              
                 |   4   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Conglomerates | Industrials
                         HON MMM VMI MDU 4 stocks | 
                  $6,719
                  0.12% of portfolio              
                 |   4   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Industrial | Real Estate
                         PSA PLD EGP CUBE FR COLD REXR NSA 8 stocks | 
                  $6,679
                  0.12% of portfolio              
                 |   8   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Closed-End Fund - Foreign | ETFs
                         EEM 1 stocks | 
                  $6,405
                  0.11% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Leisure | Consumer Cyclical
                         PTON YETI HAS 3 stocks | 
                  $6,327
                  0.11% of portfolio              
                 |   3   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Grocery Stores | Consumer Defensive
                         KR GO SFM 3 stocks | 
                  $6,309
                  0.11% of portfolio              
                 |   2   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Computer Hardware | Technology
                         WDC PSTG STX DELL NTAP TACT 6 stocks | 
                  $6,098
                  0.11% of portfolio              
                 |   6   | - |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Specialty Business Services | Industrials
                         CTAS DLB GPN LZ ARMK 5 stocks | 
                  $5,891
                  0.1% of portfolio              
                 |   4   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Confectioners | Consumer Defensive
                         MDLZ HSY 2 stocks | 
                  $5,485
                  0.1% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Engineering & Construction | Industrials
                         KBR TTEK BLD PWR IESC 5 stocks | 
                  $5,236
                  0.09% of portfolio              
                 |   4   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Packaging & Containers | Consumer Cyclical
                         CCK GPK REYN IP SEE SLGN SON PKG 8 stocks | 
                  $5,133
                  0.09% of portfolio              
                 |   8   | - |   7   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Drug Manufacturers—Specialty & Generic | Healthcare
                         ZTS PRGO ELAN VTRS NBIX HCM HLN 7 stocks | 
                  $5,091
                  0.09% of portfolio              
                 |   6   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Agricultural Inputs | Basic Materials
                         CTVA SMG CF FMC 4 stocks | 
                  $5,013
                  0.09% of portfolio              
                 |   4   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Medical Distribution | Healthcare
                         MCK HSIC CAH ABC 4 stocks | 
                  $5,001
                  0.09% of portfolio              
                 |   4   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Health Information Services | Healthcare
                         DOCS TXG VEEV HQY 4 stocks | 
                  $4,898
                  0.09% of portfolio              
                 |   2   |   2   |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Insurance—Life | Financial Services
                         AFL UNM MET LNC GL PRI 6 stocks | 
                  $4,774
                  0.08% of portfolio              
                 |   5   |   1   |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Waste Management | Industrials
                         WM CLH RSG WCN 4 stocks | 
                  $4,134
                  0.07% of portfolio              
                 |   3   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Residential Construction | Consumer Cyclical
                         PHM LEN TOL NVR DHI 5 stocks | 
                  $4,075
                  0.07% of portfolio              
                 |   5   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Auto & Truck Dealerships | Consumer Cyclical
                         KMX CPRT PAG AN DRVN LAD 6 stocks | 
                  $4,070
                  0.07% of portfolio              
                 |   6   | - |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Resorts & Casinos | Consumer Cyclical
                         BYD CZR LVS MGM PENN WYNN 6 stocks | 
                  $4,069
                  0.07% of portfolio              
                 |   6   | - |   6   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Electronic Gaming & Multimedia | Communication Services
                         RBLX EA TTWO PLTK 4 stocks | 
                  $3,665
                  0.06% of portfolio              
                 |   4   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Tools & Accessories | Industrials
                         LECO TTC SWK TKR 4 stocks | 
                  $3,405
                  0.06% of portfolio              
                 |   4   | - |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Airlines | Industrials
                         UAL DAL AAL CPA 4 stocks | 
                  $3,357
                  0.06% of portfolio              
                 |   4   | - |   4   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Utilities—Independent Power Producers | Utilities
                         NRG VST 2 stocks | 
                  $3,162
                  0.06% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Utilities—Renewable | Utilities
                         CEG CWEN 2 stocks | 
                  $3,139
                  0.05% of portfolio              
                 |   2   | - | - | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Apparel Manufacturing | Consumer Cyclical
                         RL COLM PVH UAA VFC 5 stocks | 
                  $3,089
                  0.05% of portfolio              
                 |   5   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Gold | Basic Materials
                         NEM RGLD 2 stocks | 
                  $3,016
                  0.05% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Rental & Leasing Services | Industrials
                         URI WSC UHAL 3 stocks | 
                  $2,987
                  0.05% of portfolio              
                 |   3   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Education & Training Services | Consumer Defensive
                         UDMY LOPE 2 stocks | 
                  $2,960
                  0.05% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Food Distribution | Consumer Defensive
                         SYY PFGC USFD 3 stocks | 
                  $2,947
                  0.05% of portfolio              
                 |   3   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Consulting Services | Industrials
                         VRSK FCN TRU BAH EFX 5 stocks | 
                  $2,554
                  0.04% of portfolio              
                 |   5   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Electrical Equipment & Parts | Industrials
                         HAYW AYI HUBB VRT NVT 5 stocks | 
                  $2,549
                  0.04% of portfolio              
                 |   5   | - |   5   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Furnishings, Fixtures & Appliances | Consumer Cyclical
                         TPX WHR MHK LEG 4 stocks | 
                  $2,430
                  0.04% of portfolio              
                 |   3   |   1   |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Gambling | Consumer Cyclical
                         CHDN DKNG GAMB 3 stocks | 
                  $2,387
                  0.04% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Healthcare Facilities | Real Estate
                         WELL OHI PEAK MPW 4 stocks | 
                  $2,219
                  0.04% of portfolio              
                 |   2   |   2   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Building Materials | Basic Materials
                         MLM VMC CRH.L 3 stocks | 
                  $2,047
                  0.04% of portfolio              
                 |   2   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Oil & Gas Equipment & Services | Energy
                         SLB HAL BKR XPRO 4 stocks | 
                  $1,948
                  0.03% of portfolio              
                 |   2   |   2   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Insurance—Specialty | Financial Services
                         MTG FAF ESNT AIZ 4 stocks | 
                  $1,833
                  0.03% of portfolio              
                 |   3   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Auto Parts | Consumer Cyclical
                         ALSN LKQ 2 stocks | 
                  $1,806
                  0.03% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Luxury Goods | Consumer Cyclical
                         TPR CPRI 2 stocks | 
                  $1,795
                  0.03% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Pharmaceutical Retailers | Healthcare
                         WBA 1 stocks | 
                  $1,700
                  0.03% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Business Equipment & Supplies | Industrials
                         AVY 1 stocks | 
                  $1,663
                  0.03% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Mortgage | Real Estate
                         STWD NRZ AGNC 3 stocks | 
                  $1,662
                  0.03% of portfolio              
                 |   2   |   1   | - | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Personal Services | Consumer Cyclical
                         SCI BFAM 2 stocks | 
                  $1,493
                  0.03% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Beverages—Brewers | Consumer Defensive
                         TAP SAM BUD 3 stocks | 
                  $1,465
                  0.03% of portfolio              
                 |   3   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Real Estate Services | Real Estate
                         CSGP CBRE 2 stocks | 
                  $1,315
                  0.02% of portfolio              
                 | - |   2   | - | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Electronics & Computer Distribution | Technology
                         NSIT ARW 2 stocks | 
                  $1,303
                  0.02% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Footwear & Accessories | Consumer Cyclical
                         DECK SKX 2 stocks | 
                  $1,295
                  0.02% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Utilities—Regulated Water | Utilities
                         AWK WTRG 2 stocks | 
                  $1,278
                  0.02% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Beverages—Wineries & Distilleries | Consumer Defensive
                         STZ DEO 2 stocks | 
                  $1,242
                  0.02% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Advertising Agencies | Communication Services
                         IPG OMC 2 stocks | 
                  $1,235
                  0.02% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Recreational Vehicles | Consumer Cyclical
                         BC HOG PII 3 stocks | 
                  $1,207
                  0.02% of portfolio              
                 |   3   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Insurance—Reinsurance | Financial Services
                         GLRE RNR RGA 3 stocks | 
                  $1,201
                  0.02% of portfolio              
                 |   2   |   1   |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Utilities—Regulated Gas | Utilities
                         NI UGI 2 stocks | 
                  $1,124
                  0.02% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Copper | Basic Materials
                         FCX 1 stocks | 
                  $1,102
                  0.02% of portfolio              
                 |   1   | - | - | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Solar | Technology
                         FSLR 1 stocks | 
                  $1,090
                  0.02% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Security & Protection Services | Industrials
                         ALLE MSA 2 stocks | 
                  $1,088
                  0.02% of portfolio              
                 |   2   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Utilities—Diversified | Utilities
                         HE SRE 2 stocks | 
                  $1,083
                  0.02% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Farm Products | Consumer Defensive
                         TSN 1 stocks | 
                  $1,048
                  0.02% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Diversified | Real Estate
                         VICI WPC 2 stocks | 
                  $1,008
                  0.02% of portfolio              
                 |   1   |   1   |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Trucking | Industrials
                         SNDR ODFL 2 stocks | 
                  $990
                  0.02% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Chemicals | Basic Materials
                         HUN DOW CE 3 stocks | 
                  $870
                  0.02% of portfolio              
                 |   3   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Department Stores | Consumer Cyclical
                         M KSS 2 stocks | 
                  $775
                  0.01% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Marine Shipping | Industrials
                         KEX 1 stocks | 
                  $681
                  0.01% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Steel | Basic Materials
                         STLD NUE CLF 3 stocks | 
                  $667
                  0.01% of portfolio              
                 |   3   | - |   3   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Publishing | Communication Services
                         NYT RELX 2 stocks | 
                  $468
                  0.01% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Other Industrial Metals & Mining | Basic Materials
                         MP TMC 2 stocks | 
                  $385
                  0.01% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      REIT—Hotel & Motel | Real Estate
                         HST PK 2 stocks | 
                  $377
                  0.01% of portfolio              
                 |   2   | - |   2   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Financial Conglomerates | Financial Services
                         VOYA 1 stocks | 
                  $347
                  0.01% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Metal Fabrication | Industrials
                         ESAB 1 stocks | 
                  $286
                  0.0% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Lumber & Wood Production | Basic Materials
                         SSD 1 stocks | 
                  $262
                  0.0% of portfolio              
                 |   1   | - |   1   | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Mortgage Finance | Financial Services
                         RKT 1 stocks | 
                  $210
                  0.0% of portfolio              
                 | - |   1   | - | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 | 
| 
                      Oil & Gas Drilling | Energy
                         BORR 1 stocks | 
                  $18
                  0.0% of portfolio              
                 | - |   1   | - | - | 
                  
                    0
                  
                  Calls
                 
                  
                   0
                  
                  Puts
                 |