| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| WHITE MOUNTAINS INSURANCE GROUP LTD | 22,856,814 | 17,856,614 | -5,000,200 | 75.44 | 53.00 | -22.43 | sell |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 5,090,763 | 4,679,669 | -411,094 | 0.24 | 0.15 | -0.09 | sell |
| VANGUARD GROUP INC | 2,119,189 | 3,081,264 | +962,075 | 0.00 | 0.00 | -0.00 | buy |
| Broad Bay Capital Management, LP | 2,060,000 | 2,383,209 | +323,209 | 5.44 | 4.29 | -1.15 | buy |
| DRIEHAUS CAPITAL MANAGEMENT LLC | 465,775 | 1,436,615 | +970,840 | 0.09 | 0.18 | +0.09 | buy |
| TimesSquare Capital Management, LLC | 1,088,893 | 1,072,560 | -16,333 | 0.32 | 0.22 | -0.10 | sell |
| MORGAN STANLEY | 249,860 | 749,823 | +499,963 | 0.00 | 0.00 | +0.00 | buy |
| Philadelphia Financial Management of San Francisco, LLC | 0 | 728,730 | +728,730 | 0.00 | 2.23 | +2.23 | buy |
| Divisadero Street Capital Management, LP | 0 | 604,106 | +604,106 | 0.00 | 1.30 | +1.30 | buy |
| EMERALD ADVISERS, LLC | 1,162 | 598,517 | +597,355 | 0.00 | 0.33 | +0.33 | buy |
| Clearline Capital LP | 42,552 | 576,728 | +534,176 | 0.09 | 0.66 | +0.58 | buy |
| Qube Research & Technologies Ltd | 16,618 | 569,194 | +552,576 | 0.00 | 0.01 | +0.01 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 470,991 | 535,937 | +64,946 | 0.00 | 0.00 | -0.00 | buy |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | 0 | 533,703 | +533,703 | 0.00 | 0.03 | +0.03 | buy |
| STATE STREET CORP | 450,520 | 511,946 | +61,426 | 0.00 | 0.00 | -0.00 | buy |
| CITADEL ADVISORS LLC | 336,246 | 490,431 | +154,185 | 0.01 | 0.01 | -0.00 | buy |
| Ghisallo Capital Management LLC | 76,736 | 487,500 | +410,764 | 0.18 | 0.55 | +0.38 | buy |
| MILLENNIUM MANAGEMENT LLC | 609,782 | 477,019 | -132,763 | 0.01 | 0.01 | -0.01 | sell |
| RENAISSANCE TECHNOLOGIES LLC | 394,600 | 470,000 | +75,400 | 0.01 | 0.01 | -0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 145,875 | 465,753 | +319,878 | 0.00 | 0.01 | +0.00 | buy |
| JACOBS ASSET MANAGEMENT, LLC | 225,000 | 450,000 | +225,000 | 3.51 | 3.77 | +0.26 | buy |
| D. E. Shaw & Co., Inc. | 180,326 | 444,674 | +264,348 | 0.00 | 0.01 | +0.00 | buy |
| Shay Capital LLC | 95,000 | 390,000 | +295,000 | 0.57 | 1.43 | +0.86 | buy |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | 375,509 | 371,042 | -4,467 | 0.05 | 0.03 | -0.02 | sell |
| MARSHALL WACE, LLP | 0 | 357,027 | +357,027 | 0.00 | 0.01 | +0.01 | buy |
| WELLS FARGO & COMPANY/MN | 349,266 | 345,878 | -3,388 | 0.00 | 0.00 | -0.00 | sell |
| DEUTSCHE BANK AG\ | 13,196 | 340,567 | +327,371 | 0.00 | 0.00 | +0.00 | buy |
| CenterBook Partners LP | 88,174 | 315,092 | +226,918 | 0.12 | 0.26 | +0.13 | buy |
| EMERALD MUTUAL FUND ADVISERS TRUST | 208,369 | 311,796 | +103,427 | 0.22 | 0.22 | -0.01 | buy |
| Lighthouse Investment Partners, LLC | 0 | 303,893 | +303,893 | 0.00 | 0.22 | +0.22 | buy |
| TWO SIGMA INVESTMENTS, LP | 78,630 | 275,834 | +197,204 | 0.00 | 0.01 | +0.00 | buy |
| Cubist Systematic Strategies, LLC | 0 | 245,657 | +245,657 | 0.00 | 0.06 | +0.06 | buy |
| EARNEST PARTNERS LLC | 244,269 | 240,538 | -3,731 | 0.02 | 0.01 | -0.01 | sell |
| GOLDMAN SACHS GROUP INC | 51,920 | 226,996 | +175,076 | 0.00 | 0.00 | +0.00 | buy |
| NORTHERN TRUST CORP | 198,223 | 207,442 | +9,219 | 0.00 | 0.00 | -0.00 | buy |
| Hillsdale Investment Management Inc. | 199,400 | 205,900 | +6,500 | 0.32 | 0.21 | -0.11 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 173,178 | 202,268 | +29,090 | 0.00 | 0.00 | -0.00 | buy |
| HBK INVESTMENTS L P | 221,124 | 200,000 | -21,124 | 0.11 | 0.06 | -0.05 | sell |
| ACADIAN ASSET MANAGEMENT LLC | 55,011 | 191,433 | +136,422 | 0.00 | 0.01 | +0.00 | buy |
| SEI INVESTMENTS CO | 123,145 | 179,202 | +56,057 | 0.00 | 0.00 | -0.00 | buy |
| Verition Fund Management LLC | 0 | 140,931 | +140,931 | 0.00 | 0.01 | +0.01 | buy |
| ENVESTNET ASSET MANAGEMENT INC | 142,201 | 138,872 | -3,329 | 0.00 | 0.00 | -0.00 | sell |
| Nantahala Capital Management, LLC | 149,371 | 123,564 | -25,807 | 0.30 | 0.16 | -0.13 | sell |
| FEDERATED HERMES, INC. | 94,260 | 121,566 | +27,306 | 0.00 | 0.00 | -0.00 | buy |
| TOWNSQUARE CAPITAL LLC | 120,153 | 114,668 | -5,485 | 0.04 | 0.02 | -0.02 | sell |
| TUDOR INVESTMENT CORP ET AL | 34,968 | 110,339 | +75,371 | 0.01 | 0.02 | +0.01 | buy |
| Jump Financial, LLC | 13,019 | 109,853 | +96,834 | 0.01 | 0.03 | +0.02 | buy |
| Mariner, LLC | 75,787 | 103,900 | +28,113 | 0.00 | 0.00 | -0.00 | buy |
| JANE STREET GROUP, LLC | 15,749 | 100,630 | +84,881 | 0.00 | 0.00 | +0.00 | buy |
| J. Goldman & Co LP | 444,157 | 99,230 | -344,927 | 0.41 | 0.05 | -0.36 | sell |
| BANK OF AMERICA CORP /DE/ | 12,199 | 93,207 | +81,008 | 0.00 | 0.00 | +0.00 | buy |
| BALYASNY ASSET MANAGEMENT L.P. | 23,248 | 92,795 | +69,547 | 0.00 | 0.00 | +0.00 | buy |
| Trexquant Investment LP | 0 | 91,907 | +91,907 | 0.00 | 0.02 | +0.02 | buy |
| Bank of New York Mellon Corp | 72,652 | 84,155 | +11,503 | 0.00 | 0.00 | -0.00 | buy |
| ExodusPoint Capital Management, LP | 38,531 | 83,337 | +44,806 | 0.01 | 0.01 | +0.00 | buy |
| TWO SIGMA ADVISERS, LP | 0 | 78,500 | +78,500 | 0.00 | 0.00 | +0.00 | buy |
| Daiwa Securities Group Inc. | 75,386 | 69,586 | -5,800 | 0.01 | 0.00 | -0.00 | sell |
| GROUP ONE TRADING LLC | 0 | 68,186 | +68,186 | 0.00 | 0.03 | +0.03 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0 | 67,720 | +67,720 | 0.00 | 0.00 | +0.00 | buy |
| TEACHER RETIREMENT SYSTEM OF TEXAS | 0 | 66,551 | +66,551 | 0.00 | 0.00 | +0.00 | buy |
| STIFEL FINANCIAL CORP | 64,920 | 64,716 | -204 | 0.00 | 0.00 | -0.00 | sell |
| FRANKLIN RESOURCES INC | 29,638 | 64,273 | +34,635 | 0.00 | 0.00 | +0.00 | buy |
| Swiss National Bank | 41,000 | 64,100 | +23,100 | 0.00 | 0.00 | -0.00 | buy |
| Cannell & Spears LLC | 98,280 | 63,925 | -34,355 | 0.04 | 0.02 | -0.02 | sell |
| Neuberger Berman Group LLC | 53,549 | 57,328 | +3,779 | 0.00 | 0.00 | -0.00 | buy |
| Squarepoint Ops LLC | 10,637 | 50,339 | +39,702 | 0.00 | 0.00 | +0.00 | buy |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 0 | 48,666 | +48,666 | 0.00 | 0.00 | +0.00 | buy |
| UBS Group AG | 26,267 | 48,498 | +22,231 | 0.00 | 0.00 | +0.00 | buy |
| AZZAD ASSET MANAGEMENT INC /ADV | 57,691 | 43,173 | -14,518 | 0.14 | 0.07 | -0.07 | sell |
| RHUMBLINE ADVISERS | 34,240 | 36,751 | +2,511 | 0.00 | 0.00 | -0.00 | buy |
| VICTORY CAPITAL MANAGEMENT INC | 0 | 36,220 | +36,220 | 0.00 | 0.00 | +0.00 | buy |
| WESTFIELD CAPITAL MANAGEMENT CO LP | 17,850 | 33,800 | +15,950 | 0.00 | 0.00 | +0.00 | buy |
| ALLIANCEBERNSTEIN L.P. | 23,070 | 32,400 | +9,330 | 0.00 | 0.00 | -0.00 | buy |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 21,293 | 31,191 | +9,898 | 0.00 | 0.00 | -0.00 | buy |
| Engineers Gate Manager LP | 0 | 30,406 | +30,406 | 0.00 | 0.01 | +0.01 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 12,577 | 29,749 | +17,172 | 0.00 | 0.00 | +0.00 | buy |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 24,535 | 28,763 | +4,228 | 0.00 | 0.00 | -0.00 | buy |
| Corton Capital Inc. | 0 | 27,762 | +27,762 | 0.00 | 0.19 | +0.19 | buy |
| DEERFIELD MANAGEMENT COMPANY, L.P. | 0 | 27,630 | +27,630 | 0.00 | 0.01 | +0.01 | buy |
| SHERBROOKE PARK ADVISERS LLC | 0 | 26,963 | +26,963 | 0.00 | 0.06 | +0.06 | buy |
| Legal & General Group Plc | 20,078 | 26,408 | +6,330 | 0.00 | 0.00 | -0.00 | buy |
| Alpha DNA Investment Management LLC | 0 | 26,391 | +26,391 | 0.00 | 0.20 | +0.20 | buy |
| M&T BANK CORP | 26,027 | 25,874 | -153 | 0.00 | 0.00 | -0.00 | sell |
| Walleye Capital LLC | 0 | 24,003 | +24,003 | 0.00 | 0.00 | +0.00 | buy |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 22,740 | 23,890 | +1,150 | 0.08 | 0.05 | -0.03 | buy |
| US BANCORP \DE\ | 28,933 | 23,862 | -5,071 | 0.00 | 0.00 | -0.00 | sell |
| HSBC HOLDINGS PLC | 22,209 | 23,791 | +1,582 | 0.00 | 0.00 | -0.00 | buy |
| AlphaQuest LLC | 1,998 | 22,201 | +20,203 | 0.01 | 0.04 | +0.03 | buy |
| EntryPoint Capital, LLC | 6,692 | 21,987 | +15,295 | 0.12 | 0.13 | +0.01 | buy |
| Russell Investments Group, Ltd. | 0 | 20,689 | +20,689 | 0.00 | 0.00 | +0.00 | buy |
| State of Wyoming | 15,522 | 19,482 | +3,960 | 0.05 | 0.04 | -0.01 | buy |
| Atria Investments, Inc | 0 | 19,203 | +19,203 | 0.00 | 0.00 | +0.00 | buy |
| LAZARD ASSET MANAGEMENT LLC | 8,131 | 19,105 | +10,974 | 0.00 | 0.00 | +0.00 | buy |
| Quantbot Technologies LP | 0 | 18,942 | +18,942 | 0.00 | 0.01 | +0.01 | buy |
| Portside Wealth Group, LLC | 19,430 | 18,781 | -649 | 0.07 | 0.05 | -0.03 | sell |
| BNP Paribas Asset Management Holding S.A. | 0 | 17,068 | +17,068 | 0.00 | 0.00 | +0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0 | 16,547 | +16,547 | 0.00 | 0.00 | +0.00 | buy |
| HRT FINANCIAL LP | 16,064 | 16,469 | +405 | 0.00 | 0.00 | -0.00 | buy |
| Petrus Trust Company, LTA | 0 | 15,804 | +15,804 | 0.00 | 0.02 | +0.02 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 14,321 | 15,767 | +1,446 | 0.00 | 0.00 | -0.00 | buy |