| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| WHITE MOUNTAINS INSURANCE GROUP LTD | 17,856,614 | 17,856,614 | 0 | 57.70 | 100.00 | +42.30 | hold |
| BlackRock, Inc. | 3,697,726 | 4,003,419 | +305,693 | 0.00 | 0.00 | +0.00 | buy |
| VANGUARD GROUP INC | 2,913,328 | 2,859,199 | -54,129 | 0.00 | 0.00 | +0.00 | sell |
| Broad Bay Capital Management, LP | 2,747,778 | 2,498,507 | -249,271 | 3.82 | 3.85 | +0.03 | sell |
| GOLDMAN SACHS GROUP INC | 736,531 | 2,007,186 | +1,270,655 | 0.00 | 0.00 | +0.00 | buy |
| Clearline Capital LP | 2,654,921 | 1,425,308 | -1,229,613 | 2.48 | 1.37 | -1.10 | sell |
| Nuveen, LLC | 505,907 | 900,790 | +394,883 | 0.00 | 0.00 | +0.00 | buy |
| D. E. Shaw & Co., Inc. | 670,691 | 895,348 | +224,657 | 0.01 | 0.01 | +0.00 | buy |
| JACOBS ASSET MANAGEMENT, LLC | 408,412 | 798,666 | +390,254 | 2.39 | 4.98 | +2.60 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 565,500 | 772,300 | +206,800 | 0.01 | 0.01 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 727,753 | 764,702 | +36,949 | 0.00 | 0.00 | +0.00 | buy |
| MORGAN STANLEY | 737,921 | 755,926 | +18,005 | 0.00 | 0.00 | +0.00 | buy |
| Shay Capital LLC | 571,841 | 670,000 | +98,159 | 1.54 | 1.67 | +0.13 | buy |
| STATE STREET CORP | 623,787 | 652,838 | +29,051 | 0.00 | 0.00 | +0.00 | buy |
| JANUS HENDERSON GROUP PLC | 13,862 | 632,888 | +619,026 | 0.00 | 0.00 | +0.00 | buy |
| AQR CAPITAL MANAGEMENT LLC | 557,796 | 601,593 | +43,797 | 0.01 | 0.01 | +0.00 | buy |
| JPMORGAN CHASE & CO | 308,298 | 542,246 | +233,948 | 0.00 | 0.00 | +0.00 | buy |
| ACADIAN ASSET MANAGEMENT LLC | 321,302 | 532,437 | +211,135 | 0.01 | 0.01 | +0.00 | buy |
| UBS Group AG | 504,850 | 528,380 | +23,530 | 0.00 | 0.00 | +0.00 | buy |
| Qube Research & Technologies Ltd | 469,625 | 526,349 | +56,724 | 0.01 | 0.01 | +0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 296,054 | 484,342 | +188,288 | 0.00 | 0.00 | +0.00 | buy |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 138,598 | 469,561 | +330,963 | 0.01 | 0.02 | +0.02 | buy |
| LAZARD ASSET MANAGEMENT LLC | 0 | 389,806 | +389,806 | 0.00 | 0.01 | +0.01 | buy |
| Hillsdale Investment Management Inc. | 214,600 | 359,200 | +144,600 | 0.10 | 0.15 | +0.04 | buy |
| Pacer Advisors, Inc. | 0 | 333,958 | +333,958 | 0.00 | 0.01 | +0.01 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 320,839 | 311,591 | -9,248 | 0.00 | 0.00 | +0.00 | sell |
| NORTHERN TRUST CORP | 285,560 | 277,927 | -7,633 | 0.00 | 0.00 | +0.00 | sell |
| EARNEST PARTNERS LLC | 272,433 | 269,607 | -2,826 | 0.01 | 0.01 | +0.00 | sell |
| ALGERT GLOBAL LLC | 225,300 | 228,778 | +3,478 | 0.05 | 0.05 | +0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 214,270 | 225,789 | +11,519 | 0.00 | 0.00 | +0.00 | buy |
| MILLENNIUM MANAGEMENT LLC | 614,542 | 183,063 | -431,479 | 0.01 | 0.00 | -0.00 | sell |
| J. Goldman & Co LP | 568,052 | 175,000 | -393,052 | 0.19 | 0.06 | -0.13 | sell |
| MARSHALL WACE, LLP | 458,509 | 165,627 | -292,882 | 0.01 | 0.00 | -0.00 | sell |
| PDT Partners, LLC | 129,717 | 165,540 | +35,823 | 0.09 | 0.10 | +0.02 | buy |
| Jackson Creek Investment Advisors LLC | 0 | 164,060 | +164,060 | 0.00 | 0.48 | +0.48 | buy |
| Y-Intercept (Hong Kong) Ltd | 26,288 | 162,747 | +136,459 | 0.02 | 0.04 | +0.03 | buy |
| TEACHER RETIREMENT SYSTEM OF TEXAS | 19,947 | 149,933 | +129,986 | 0.00 | 0.01 | +0.01 | buy |
| CANADA PENSION PLAN INVESTMENT BOARD | 0 | 125,400 | +125,400 | 0.00 | 0.00 | +0.00 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 90,865 | 124,070 | +33,205 | 0.00 | 0.00 | +0.00 | buy |
| Trexquant Investment LP | 111,223 | 120,775 | +9,552 | 0.01 | 0.01 | +0.00 | buy |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 148,521 | 119,528 | -28,993 | 0.01 | 0.00 | -0.00 | sell |
| SEI INVESTMENTS CO | 103,905 | 116,027 | +12,122 | 0.00 | 0.00 | +0.00 | buy |
| CITADEL ADVISORS LLC | 430,239 | 115,626 | -314,613 | 0.00 | 0.00 | -0.00 | sell |
| BARCLAYS PLC | 63,148 | 113,648 | +50,500 | 0.00 | 0.00 | +0.00 | buy |
| Bank of New York Mellon Corp | 89,654 | 95,072 | +5,418 | 0.00 | 0.00 | +0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 168,032 | 92,067 | -75,965 | 0.00 | 0.00 | -0.00 | sell |
| BNP PARIBAS FINANCIAL MARKETS | 39,147 | 87,048 | +47,901 | 0.00 | 0.00 | +0.00 | buy |
| Divisadero Street Capital Management, LP | 0 | 86,907 | +86,907 | 0.00 | 0.06 | +0.06 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 0 | 84,739 | +84,739 | 0.00 | 0.00 | +0.00 | buy |
| Janney Montgomery Scott LLC | 0 | 81,723 | +81,723 | 0.00 | 0.00 | +0.00 | buy |
| Allianz Asset Management GmbH | 161,772 | 70,276 | -91,496 | 0.00 | 0.00 | -0.00 | sell |
| Engineers Gate Manager LP | 65,084 | 69,184 | +4,100 | 0.01 | 0.01 | -0.00 | buy |
| TUDOR INVESTMENT CORP ET AL | 67,447 | 66,206 | -1,241 | 0.01 | 0.01 | -0.00 | sell |
| TWO SIGMA INVESTMENTS, LP | 135,396 | 66,094 | -69,302 | 0.00 | 0.00 | -0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 0 | 64,108 | +64,108 | 0.00 | 0.00 | +0.00 | buy |
| BLAIR WILLIAM & CO/IL | 64,137 | 64,007 | -130 | 0.00 | 0.00 | +0.00 | sell |
| Swiss National Bank | 69,400 | 58,700 | -10,700 | 0.00 | 0.00 | -0.00 | sell |
| Squarepoint Ops LLC | 134,557 | 58,666 | -75,891 | 0.00 | 0.00 | -0.00 | sell |
| Amundi | 0 | 57,537 | +57,537 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 41,388 | 55,622 | +14,234 | 0.00 | 0.00 | +0.00 | buy |
| Russell Investments Group, Ltd. | 35,937 | 54,176 | +18,239 | 0.00 | 0.00 | +0.00 | buy |
| VICTORY CAPITAL MANAGEMENT INC | 77,192 | 52,194 | -24,998 | 0.00 | 0.00 | -0.00 | sell |
| HSBC HOLDINGS PLC | 50,406 | 51,550 | +1,144 | 0.00 | 0.00 | +0.00 | buy |
| Mariner, LLC | 136,787 | 47,481 | -89,306 | 0.00 | 0.00 | -0.00 | sell |
| IEQ CAPITAL, LLC | 29,213 | 44,578 | +15,365 | 0.00 | 0.00 | +0.00 | buy |
| Verition Fund Management LLC | 54,359 | 43,188 | -11,171 | 0.00 | 0.00 | -0.00 | sell |
| TWO SIGMA ADVISERS, LP | 80,700 | 41,900 | -38,800 | 0.00 | 0.00 | -0.00 | sell |
| Graham Capital Management, L.P. | 73,945 | 41,164 | -32,781 | 0.02 | 0.01 | -0.01 | sell |
| Allspring Global Investments Holdings, LLC | 42,298 | 39,582 | -2,716 | 0.00 | 0.00 | +0.00 | sell |
| Cannell & Spears LLC | 44,200 | 39,100 | -5,100 | 0.01 | 0.01 | -0.00 | sell |
| NOMURA HOLDINGS INC | 0 | 39,015 | +39,015 | 0.00 | 0.00 | +0.00 | buy |
| ALLIANCEBERNSTEIN L.P. | 28,330 | 38,630 | +10,300 | 0.00 | 0.00 | +0.00 | buy |
| Gotham Asset Management, LLC | 0 | 38,504 | +38,504 | 0.00 | 0.00 | +0.00 | buy |
| Lighthouse Investment Partners, LLC | 144,045 | 37,987 | -106,058 | 0.06 | 0.02 | -0.04 | sell |
| Legal & General Group Plc | 28,086 | 36,315 | +8,229 | 0.00 | 0.00 | +0.00 | buy |
| BALYASNY ASSET MANAGEMENT L.P. | 86,754 | 36,236 | -50,518 | 0.00 | 0.00 | -0.00 | sell |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 16,749 | 34,617 | +17,868 | 0.00 | 0.00 | +0.00 | buy |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 30,346 | 30,346 | 0 | 0.00 | 0.00 | +0.00 | hold |
| AMERIPRISE FINANCIAL INC | 0 | 28,470 | +28,470 | 0.00 | 0.00 | +0.00 | buy |
| FOX RUN MANAGEMENT, L.L.C. | 47,269 | 27,238 | -20,031 | 0.07 | 0.05 | -0.02 | sell |
| DEUTSCHE BANK AG\ | 180,691 | 27,014 | -153,677 | 0.00 | 0.00 | -0.00 | sell |
| Connor, Clark & Lunn Investment Management Ltd. | 41,283 | 26,987 | -14,296 | 0.00 | 0.00 | -0.00 | sell |
| Campbell & CO Investment Adviser LLC | 21,671 | 26,254 | +4,583 | 0.02 | 0.02 | +0.00 | buy |
| Nebula Research & Development LLC | 37,106 | 25,141 | -11,965 | 0.03 | 0.02 | -0.01 | sell |
| Centiva Capital, LP | 0 | 24,529 | +24,529 | 0.00 | 0.02 | +0.02 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 20,236 | 24,475 | +4,239 | 0.00 | 0.00 | +0.00 | buy |
| AlphaQuest LLC | 52,156 | 23,150 | -29,006 | 0.05 | 0.02 | -0.03 | sell |
| CWM, LLC | 16,523 | 22,681 | +6,158 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 21,402 | 21,402 | 0 | 0.00 | 0.00 | +0.00 | hold |
| STONERIDGE INVESTMENT PARTNERS LLC | 27,547 | 21,362 | -6,185 | 0.22 | 0.18 | -0.04 | sell |
| Man Group plc | 0 | 21,145 | +21,145 | 0.00 | 0.00 | +0.00 | buy |
| Quantbot Technologies LP | 25,999 | 20,594 | -5,405 | 0.01 | 0.01 | -0.00 | sell |
| FRANKLIN RESOURCES INC | 47,448 | 20,117 | -27,331 | 0.00 | 0.00 | -0.00 | sell |
| Cerity Partners LLC | 16,235 | 20,071 | +3,836 | 0.00 | 0.00 | +0.00 | buy |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 12,700 | 20,000 | +7,300 | 0.00 | 0.00 | +0.00 | buy |
| GSA CAPITAL PARTNERS LLP | 31,027 | 19,865 | -11,162 | 0.03 | 0.02 | -0.01 | sell |
| Corton Capital Inc. | 17,440 | 18,865 | +1,425 | 0.53 | 0.24 | -0.29 | buy |
| VIRTUS ADVISERS, LLC | 18,711 | 18,711 | 0 | 0.11 | 0.13 | +0.01 | hold |
| INTECH INVESTMENT MANAGEMENT LLC | 17,397 | 18,502 | +1,105 | 0.00 | 0.00 | +0.00 | buy |
| Brevan Howard Capital Management LP | 0 | 18,468 | +18,468 | 0.00 | 0.00 | +0.00 | buy |