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
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SHERWIN-WILLIAMS CO/THE COM 824348106 10,981 19,970 SH   SOLE   19,970 0 0
NIKE INC -CL B COM 654106103 4,724 50,300 SH   SOLE   50,300 0 0
SHERWIN-WILLIAMS CO/THE COM 824348106 20,345 37,000 SH   SOLE   37,000 0 0
AMAZON.COM INC COM 023135106 5,902 3,400 SH   SOLE   3,400 0 0
NASPERS LTD-N SHS SPON ADR ADR 631512209 749 25,000 SH   SOLE   25,000 0 0
ISHARES MSCI BRAZIL ETF ETF 464286400 19,569 464,500 SH   SOLE   464,500 0 0
GLOBAL X COPPER MINERS ETF ETF 37954Y830 7,050 412,041 SH   SOLE   412,041 0 0
KRANESHARES CSI CHINA INTERN ETF 500767306 4,133 100,000 SH   SOLE   100,000 0 0
ISHARES CONVERTIBLE BOND ETF ETF 46435G102 108,722 1,870,000 SH   SOLE   1,870,000 0 0
ISHARES U.S. MEDICAL DEVICES E ETF 464288810 5,192 21,000 SH   SOLE   21,000 0 0
FACEBOOK INC-CLASS A COM 30303M102 3,353 18,830 SH   SOLE   18,830 0 0
ALIBABA GROUP HOLDING-SP ADR ADR 01609W102 1,421 8,500 SH   SOLE   8,500 0 0
VALE SA-SP ADR ADR 91912E105 2,300 200,000 SH   SOLE   200,000 0 0
ALPHABET INC-CL C COM 02079K107 5,364 4,400 SH   SOLE   4,400 0 0
MICROSOFT CORP COM 594918104 4,866 35,000 SH   SOLE   35,000 0 0
NATIONAL BANK HOLD-CL A COM 633707104 681 19,923 SH   SOLE   19,923 0 0
NATIONAL GENERAL HLDGS COM 636220303 769 33,411 SH   SOLE   33,411 0 0
NATURAL GAS SERVICES GROUP COM 63886Q109 107 8,344 SH   SOLE   8,344 0 0
PACIFIC PREMIER BANCORP INC COM 69478X105 855 27,402 SH   SOLE   27,402 0 0
ECHOSTAR CORP-A COM 278768106 952 24,016 SH   SOLE   24,016 0 0
PRIMERICA INC COM 74164M108 897 7,049 SH   SOLE   7,049 0 0
NEENAH INC COM 640079109 178 2,739 SH   SOLE   2,739 0 0
MCGRATH RENTCORP COM 580589109 1,141 16,398 SH   SOLE   16,398 0 0
ASSURANT INC COM 04621X108 1,302 10,349 SH   SOLE   10,349 0 0
NEXSTAR MEDIA GROUP INC-CL A COM 65336K103 1,187 11,600 SH   SOLE   11,600 0 0
PROVIDENCE SERVICE CORP COM 743815102 757 12,731 SH   SOLE   12,731 0 0
REX AMERICAN RESOURCES CORP COM 761624105 427 5,599 SH   SOLE   5,599 0 0
WASHINGTON FEDERAL INC COM 938824109 922 24,938 SH   SOLE   24,938 0 0
DENNY'S CORP COM 24869P104 686 30,130 SH   SOLE   30,130 0 0
MURPHY USA INC COM 626755102 649 7,614 SH   SOLE   7,614 0 0
TRIUMPH BANCORP INC COM 89679E300 541 16,961 SH   SOLE   16,961 0 0
CTS CORP COM 126501105 298 9,198 SH   SOLE   9,198 0 0
CONS TOMOKA LAND CO-FLORIDA COM 210226106 113 1,723 SH   SOLE   1,723 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 570 13,766 SH   SOLE   13,766 0 0
REGIS CORP COM 758932107 861 42,559 SH   SOLE   42,559 0 0
ALBANY INTL CORP-CL A COM 012348108 1,479 16,402 SH   SOLE   16,402 0 0
SPECTRUM BRANDS HOLDINGS INC COM 84790A105 535 10,140 SH   SOLE   10,140 0 0
CENTURY CASINOS INC COM 156492100 155 20,007 SH   SOLE   20,007 0 0
MRC GLOBAL INC COM 55345K103 597 49,220 SH   SOLE   49,220 0 0
MUELLER WATER PRODUCTS INC-A COM 624758108 911 81,088 SH   SOLE   81,088 0 0
SIMPSON MANUFACTURING CO INC COM 829073105 691 9,964 SH   SOLE   9,964 0 0
OCEANFIRST FINANCIAL CORP COM 675234108 685 29,029 SH   SOLE   29,029 0 0
CENTRAL PACIFIC FINANCIAL CO COM 154760409 424 14,912 SH   SOLE   14,912 0 0
TRISTATE CAPITAL HLDGS INC COM 89678F100 662 31,466 SH   SOLE   31,466 0 0
ARES CAPITAL CORP COM 04010L103 680 36,510 SH   SOLE   36,510 0 0
VIRTUS INVESTMENT PARTNERS COM 92828Q109 1,079 9,756 SH   SOLE   9,756 0 0
FEDERAL SIGNAL CORP COM 313855108 629 19,208 SH   SOLE   19,208 0 0
STAR GROUP LP COM 85512C105 333 35,200 SH   SOLE   35,200 0 0
MAXIMUS INC COM 577933104 847 10,957 SH   SOLE   10,957 0 0
GCI LIBERTY INC - CLASS A COM 36164V305 1,013 16,325 SH   SOLE   16,325 0 0
KADANT INC COM 48282T104 834 9,500 SH   SOLE   9,500 0 0
EXTENDED STAY AMERICA INC COM 30224P200 1,236 84,441 SH   SOLE   84,441 0 0
XENIA HOTELS & RESORTS INC COM 984017103 830 39,285 SH   SOLE   39,285 0 0
MFA FINANCIAL INC COM 55272X102 801 108,827 SH   SOLE   108,827 0 0
WADDELL & REED FINANCIAL-A COM 930059100 375 21,823 SH   SOLE   21,823 0 0
WESBANCO INC COM 950810101 185 4,962 SH   SOLE   4,962 0 0
HUDSON LTD-CLASS A COM G46408103 507 41,311 SH   SOLE   41,311 0 0
CRA INTERNATIONAL INC COM 12618T105 384 9,143 SH   SOLE   9,143 0 0
MAGELLAN HEALTH INC COM 559079207 786 12,658 SH   SOLE   12,658 0 0
RIVIERA RESOURCES INC COM 76964R104 627 46,925 SH   SOLE   46,925 0 0
LANDMARK INFRASTRUCTURE PART COM 51508J108 164 9,107 SH   SOLE   9,107 0 0
DICK'S SPORTING GOODS INC COM 253393102 595 14,568 SH   SOLE   14,568 0 0
SMART GLOBAL HOLDINGS INC COM G8232Y101 474 18,603 SH   SOLE   18,603 0 0
ESSENTIAL PROPERTIES REALTY COM 29670E107 1,064 46,443 SH   SOLE   46,443 0 0
EAGLE MATERIALS INC COM 26969P108 1,333 14,805 SH   SOLE   14,805 0 0
PEAPACK GLADSTONE FINL CORP COM 704699107 332 11,841 SH   SOLE   11,841 0 0
LYDALL INC COM 550819106 249 10,008 SH   SOLE   10,008 0 0
HOWARD BANCORP INC COM 442496105 184 11,015 SH   SOLE   11,015 0 0
RENASANT CORP COM 75970E107 611 17,459 SH   SOLE   17,459 0 0
BARINGS BDC INC COM 06759L103 628 61,871 SH   SOLE   61,871 0 0
CORE-MARK HOLDING CO INC COM 218681104 355 11,047 SH   SOLE   11,047 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 867 6,142 SH   SOLE   6,142 0 0
DESIGNER BRANDS INC-CLASS A COM 250565108 655 38,243 SH   SOLE   38,243 0 0
DELUXE CORP COM 248019101 846 17,204 SH   SOLE   17,204 0 0
VIAD CORP COM 92552R406 215 3,201 SH   SOLE   3,201 0 0
CONTINENTAL BUILDING PRODUCT COM 211171103 362 13,280 SH   SOLE   13,280 0 0
NESCO HOLDINGS INC COM 64083J104 65 10,864 SH   SOLE   10,864 0 0
BOEING CO/THE COM 097023105 2,221 5,838 SH   SOLE   5,838 0 0
CULP INC COM 230215105 100 6,122 SH   SOLE   6,122 0 0
SOUTH MOUNTAIN MERGER CORP COM 838884203 309 29,438 SH   SOLE   29,438 0 0
UMB FINANCIAL CORP COM 902788108 636 9,843 SH   SOLE   9,843 0 0
AMERIS BANCORP COM 03076K108 707 17,567 SH   SOLE   17,567 0 0
KAR AUCTION SERVICES INC COM 48238T109 589 24,011 SH   SOLE   24,011 0 0
ANHEUSER-BUSCH INBEV-SPN ADR ADR 03524A108 952 10,000 SH   SOLE   10,000 0 0
AVANTOR INC COM 05352A100 221 15,000 SH   SOLE   15,000 0 0
SQUARE INC - A COM 852234103 0 0 SH   SOLE   0 0 0
UNITED STATES OIL FUND LP ETF 91232N108 0 0 SH   SOLE   0 0 0
CVS HEALTH CORP COM 126650100 0 0 SH   SOLE   0 0 0
JOHNSON & JOHNSON COM 478160104 2,588 20,000 SH   SOLE   20,000 0 0
SHOPIFY INC - CLASS A COM 82509L107 1,558 5,000 SH   SOLE   5,000 0 0
VMWARE INC-CLASS A COM 928563402 2,251 15,000 SH   SOLE   15,000 0 0
BAOZUN INC-SPN ADR ADR 06684L103 1,068 25,000 SH   SOLE   25,000 0 0
HUYA INC-ADR ADR 44852D108 709 30,000 SH   SOLE   30,000 0 0
ARCOS DORADOS HOLDINGS INC-A COM G0457F107 874 130,000 SH   SOLE   130,000 0 0
ALERUS FINANCIAL CORP COM 01446U103 99 4,548 SH   SOLE   4,548 0 0
PROSUS NV -SPON ADR ADR 74365P108 291 20,000 SH   SOLE   20,000 0 0
GDS HOLDINGS LTD - ADR ADR 36165L108 601 15,000 SH   SOLE   15,000 0 0
ISHARES EDGE MSCI USA MOMENT ETF 46432F396 4,770 40,000 SH   SOLE   40,000 0 0