| 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 | 100.00 | 100.00 | 0.00 | hold |
| BlackRock, Inc. | 4,003,419 | 3,573,190 | -430,229 | 0.00 | 0.00 | -0.00 | sell |
| VANGUARD GROUP INC | 2,859,199 | 2,600,621 | -258,578 | 0.00 | 0.00 | -0.00 | sell |
| Broad Bay Capital Management, LP | 2,498,507 | 1,468,695 | -1,029,812 | 3.85 | 2.08 | -1.76 | sell |
| MILLENNIUM MANAGEMENT LLC | 183,063 | 1,429,556 | +1,246,493 | 0.00 | 0.01 | +0.01 | buy |
| Clearline Capital LP | 1,425,308 | 1,290,849 | -134,459 | 1.37 | 1.27 | -0.10 | sell |
| GOLDMAN SACHS GROUP INC | 2,007,186 | 1,279,960 | -727,226 | 0.00 | 0.00 | -0.00 | sell |
| JPMORGAN CHASE & CO | 542,246 | 1,058,441 | +516,195 | 0.00 | 0.00 | +0.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 772,300 | 945,100 | +172,800 | 0.01 | 0.01 | +0.00 | buy |
| MORGAN STANLEY | 755,926 | 872,031 | +116,105 | 0.00 | 0.00 | +0.00 | buy |
| JACOBS ASSET MANAGEMENT, LLC | 798,666 | 819,026 | +20,360 | 4.98 | 5.10 | +0.12 | buy |
| Shay Capital LLC | 670,000 | 790,100 | +120,100 | 1.67 | 1.63 | -0.04 | buy |
| AQR CAPITAL MANAGEMENT LLC | 601,593 | 770,679 | +169,086 | 0.01 | 0.01 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 764,702 | 769,774 | +5,072 | 0.00 | 0.00 | -0.00 | buy |
| VICTORY CAPITAL MANAGEMENT INC | 52,194 | 710,819 | +658,625 | 0.00 | 0.00 | +0.00 | buy |
| Nuveen, LLC | 900,790 | 690,465 | -210,325 | 0.00 | 0.00 | -0.00 | sell |
| STATE STREET CORP | 652,838 | 672,126 | +19,288 | 0.00 | 0.00 | -0.00 | buy |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 469,561 | 560,765 | +91,204 | 0.02 | 0.03 | +0.01 | buy |
| J. Goldman & Co LP | 175,000 | 531,027 | +356,027 | 0.06 | 0.23 | +0.17 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 484,342 | 520,452 | +36,110 | 0.00 | 0.00 | -0.00 | buy |
| Qube Research & Technologies Ltd | 526,349 | 504,342 | -22,007 | 0.01 | 0.01 | +0.00 | sell |
| D. E. Shaw & Co., Inc. | 895,348 | 454,883 | -440,465 | 0.01 | 0.00 | -0.01 | sell |
| ACADIAN ASSET MANAGEMENT LLC | 532,437 | 419,839 | -112,598 | 0.01 | 0.01 | -0.00 | sell |
| JANUS HENDERSON GROUP PLC | 632,888 | 386,155 | -246,733 | 0.00 | 0.00 | -0.00 | sell |
| G2 Investment Partners Management LLC | 0 | 375,473 | +375,473 | 0.00 | 0.88 | +0.88 | buy |
| Lighthouse Investment Partners, LLC | 37,987 | 353,930 | +315,943 | 0.02 | 0.15 | +0.13 | buy |
| FRANKLIN RESOURCES INC | 20,117 | 317,972 | +297,855 | 0.00 | 0.00 | +0.00 | buy |
| LAZARD ASSET MANAGEMENT LLC | 389,806 | 294,796 | -95,010 | 0.01 | 0.00 | -0.00 | sell |
| NORTHERN TRUST CORP | 277,927 | 287,762 | +9,835 | 0.00 | 0.00 | +0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 311,591 | 279,734 | -31,857 | 0.00 | 0.00 | -0.00 | sell |
| ALGERT GLOBAL LLC | 228,778 | 275,387 | +46,609 | 0.05 | 0.05 | -0.00 | buy |
| EARNEST PARTNERS LLC | 269,607 | 269,607 | 0 | 0.01 | 0.01 | +0.00 | hold |
| Pacer Advisors, Inc. | 333,958 | 246,427 | -87,531 | 0.01 | 0.01 | -0.00 | sell |
| Y-Intercept (Hong Kong) Ltd | 162,747 | 207,616 | +44,869 | 0.04 | 0.06 | +0.01 | buy |
| BNP PARIBAS FINANCIAL MARKETS | 87,048 | 193,587 | +106,539 | 0.00 | 0.00 | +0.00 | buy |
| MARSHALL WACE, LLP | 165,627 | 182,743 | +17,116 | 0.00 | 0.00 | +0.00 | buy |
| JANE STREET GROUP, LLC | 0 | 176,305 | +176,305 | 0.00 | 0.00 | +0.00 | buy |
| PDT Partners, LLC | 165,540 | 165,540 | 0 | 0.10 | 0.12 | +0.02 | hold |
| UBS Group AG | 528,380 | 138,186 | -390,194 | 0.00 | 0.00 | -0.00 | sell |
| CANADA PENSION PLAN INVESTMENT BOARD | 125,400 | 130,600 | +5,200 | 0.00 | 0.00 | -0.00 | buy |
| DIMENSIONAL FUND ADVISORS LP | 64,108 | 118,692 | +54,584 | 0.00 | 0.00 | +0.00 | buy |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 119,528 | 104,580 | -14,948 | 0.00 | 0.00 | -0.00 | sell |
| Bank of New York Mellon Corp | 95,072 | 99,144 | +4,072 | 0.00 | 0.00 | +0.00 | buy |
| Divisadero Street Capital Management, LP | 86,907 | 86,907 | 0 | 0.06 | 0.05 | -0.02 | hold |
| BARCLAYS PLC | 113,648 | 85,840 | -27,808 | 0.00 | 0.00 | -0.00 | sell |
| BANK OF AMERICA CORP /DE/ | 225,789 | 82,079 | -143,710 | 0.00 | 0.00 | -0.00 | sell |
| TEACHER RETIREMENT SYSTEM OF TEXAS | 149,933 | 80,530 | -69,403 | 0.01 | 0.00 | -0.00 | sell |
| IEQ CAPITAL, LLC | 44,578 | 79,557 | +34,979 | 0.00 | 0.00 | -0.00 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 124,070 | 71,458 | -52,612 | 0.00 | 0.00 | -0.00 | sell |
| BOOTHBAY FUND MANAGEMENT, LLC | 0 | 70,666 | +70,666 | 0.00 | 0.02 | +0.02 | buy |
| Janney Montgomery Scott LLC | 81,723 | 70,355 | -11,368 | 0.00 | 0.00 | -0.00 | sell |
| Allianz Asset Management GmbH | 70,276 | 70,176 | -100 | 0.00 | 0.00 | -0.00 | sell |
| BLAIR WILLIAM & CO/IL | 64,007 | 66,197 | +2,190 | 0.00 | 0.00 | +0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 92,067 | 64,180 | -27,887 | 0.00 | 0.00 | -0.00 | sell |
| SEI INVESTMENTS CO | 116,027 | 62,721 | -53,306 | 0.00 | 0.00 | -0.00 | sell |
| Mariner, LLC | 47,481 | 61,909 | +14,428 | 0.00 | 0.00 | +0.00 | buy |
| Swiss National Bank | 58,700 | 58,700 | 0 | 0.00 | 0.00 | +0.00 | hold |
| RHUMBLINE ADVISERS | 55,622 | 53,590 | -2,032 | 0.00 | 0.00 | -0.00 | sell |
| NOMURA HOLDINGS INC | 39,015 | 52,965 | +13,950 | 0.00 | 0.00 | -0.00 | buy |
| Russell Investments Group, Ltd. | 54,176 | 51,634 | -2,542 | 0.00 | 0.00 | -0.00 | sell |
| State of Wyoming | 5,645 | 46,225 | +40,580 | 0.01 | 0.06 | +0.05 | buy |
| Semanteon Capital Management, LP | 10,025 | 44,583 | +34,558 | 0.17 | 0.64 | +0.47 | buy |
| Gotham Asset Management, LLC | 38,504 | 42,444 | +3,940 | 0.00 | 0.00 | -0.00 | buy |
| RAYMOND JAMES FINANCIAL INC | 0 | 41,408 | +41,408 | 0.00 | 0.00 | +0.00 | buy |
| Verition Fund Management LLC | 43,188 | 41,253 | -1,935 | 0.00 | 0.00 | -0.00 | sell |
| Allspring Global Investments Holdings, LLC | 39,582 | 39,195 | -387 | 0.00 | 0.00 | -0.00 | sell |
| Brooklyn Investment Group | 1,603 | 38,856 | +37,253 | 0.00 | 0.05 | +0.05 | buy |
| ALLIANCEBERNSTEIN L.P. | 38,630 | 38,630 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Quantbot Technologies LP | 20,594 | 38,615 | +18,021 | 0.01 | 0.01 | +0.01 | buy |
| CWM, LLC | 22,681 | 38,383 | +15,702 | 0.00 | 0.00 | +0.00 | buy |
| Legal & General Group Plc | 36,315 | 33,934 | -2,381 | 0.00 | 0.00 | -0.00 | sell |
| Voleon Capital Management LP | 18,048 | 32,090 | +14,042 | 0.01 | 0.01 | -0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 84,739 | 31,191 | -53,548 | 0.00 | 0.00 | -0.00 | sell |
| Jain Global LLC | 0 | 31,143 | +31,143 | 0.00 | 0.00 | +0.00 | buy |
| Squarepoint Ops LLC | 58,666 | 30,658 | -28,008 | 0.00 | 0.00 | -0.00 | sell |
| DEUTSCHE BANK AG\ | 27,014 | 30,409 | +3,395 | 0.00 | 0.00 | +0.00 | buy |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 30,346 | 30,347 | +1 | 0.00 | 0.00 | -0.00 | buy |
| Engineers Gate Manager LP | 69,184 | 30,058 | -39,126 | 0.01 | 0.00 | -0.01 | sell |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 34,617 | 29,864 | -4,753 | 0.00 | 0.00 | -0.00 | sell |
| Dynamic Technology Lab Private Ltd | 10,808 | 29,237 | +18,429 | 0.02 | 0.06 | +0.04 | buy |
| XTX Topco Ltd | 13,985 | 29,074 | +15,089 | 0.01 | 0.02 | +0.01 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 24,475 | 28,776 | +4,301 | 0.00 | 0.00 | +0.00 | buy |
| Cerity Partners LLC | 20,071 | 27,644 | +7,573 | 0.00 | 0.00 | +0.00 | buy |
| PRELUDE CAPITAL MANAGEMENT, LLC | 0 | 26,892 | +26,892 | 0.00 | 0.02 | +0.02 | buy |
| Cannell & Spears LLC | 39,100 | 25,700 | -13,400 | 0.01 | 0.01 | -0.00 | sell |
| PRINCIPAL FINANCIAL GROUP INC | 0 | 24,716 | +24,716 | 0.00 | 0.00 | +0.00 | buy |
| FourThought Financial Partners, LLC | 0 | 24,691 | +24,691 | 0.00 | 0.02 | +0.02 | buy |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 20,000 | 24,500 | +4,500 | 0.00 | 0.00 | +0.00 | buy |
| PharVision Advisers, LLC | 0 | 24,480 | +24,480 | 0.00 | 0.16 | +0.16 | buy |
| SG Americas Securities, LLC | 10,405 | 24,038 | +13,633 | 0.00 | 0.00 | +0.00 | buy |
| AXQ CAPITAL, LP | 0 | 23,144 | +23,144 | 0.00 | 0.10 | +0.10 | buy |
| TWO SIGMA INVESTMENTS, LP | 66,094 | 22,524 | -43,570 | 0.00 | 0.00 | -0.00 | sell |
| MetLife Investment Management, LLC | 21,402 | 21,402 | 0 | 0.00 | 0.00 | -0.00 | hold |
| WELLS FARGO & COMPANY/MN | 17,267 | 20,462 | +3,195 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA ADVISERS, LP | 41,900 | 20,400 | -21,500 | 0.00 | 0.00 | -0.00 | sell |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 14,757 | 20,212 | +5,455 | 0.00 | 0.00 | +0.00 | buy |
| Invesco Ltd. | 10,701 | 19,705 | +9,004 | 0.00 | 0.00 | +0.00 | buy |
| Arax Advisory Partners | 1,036 | 19,656 | +18,620 | 0.00 | 0.00 | +0.00 | buy |
| Creative Planning | 15,331 | 19,529 | +4,198 | 0.00 | 0.00 | +0.00 | buy |
| ROYAL BANK OF CANADA | 0 | 19,223 | +19,223 | 0.00 | 0.00 | +0.00 | buy |