| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| ALERUS FINANCIAL NA | 2,289,199 | 2,241,741 | -47,458 | 2.52 | 2.63 | +0.11 | sell |
| BlackRock, Inc. | 1,801,441 | 1,760,751 | -40,690 | 0.00 | 0.00 | +0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 830,052 | 886,815 | +56,763 | 0.00 | 0.00 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 603,392 | 617,676 | +14,284 | 0.00 | 0.00 | +0.00 | buy |
| ENDEAVOUR CAPITAL ADVISORS INC | 516,532 | 562,229 | +45,697 | 3.24 | 3.02 | -0.21 | buy |
| STATE STREET CORP | 476,030 | 493,162 | +17,132 | 0.00 | 0.00 | +0.00 | buy |
| M3F, Inc. | 411,163 | 417,108 | +5,945 | 2.54 | 2.45 | -0.09 | buy |
| AMERIPRISE FINANCIAL INC | 379,540 | 383,940 | +4,400 | 0.00 | 0.00 | +0.00 | buy |
| GOLDMAN SACHS GROUP INC | 298,060 | 366,527 | +68,467 | 0.00 | 0.00 | +0.00 | buy |
| BANC FUNDS CO LLC | 214,967 | 349,165 | +134,198 | 0.96 | 1.54 | +0.58 | buy |
| Stieven Capital Advisors, L.P. | 0 | 338,924 | +338,924 | 0.00 | 1.72 | +1.72 | buy |
| AMERICAN CENTURY COMPANIES INC | 182,533 | 310,123 | +127,590 | 0.00 | 0.00 | +0.00 | buy |
| CHOREO, LLC | 294,571 | 293,681 | -890 | 0.08 | 0.09 | +0.00 | sell |
| MORGAN STANLEY | 304,602 | 272,989 | -31,613 | 0.00 | 0.00 | -0.00 | sell |
| AQR CAPITAL MANAGEMENT LLC | 323,080 | 269,165 | -53,915 | 0.00 | 0.00 | -0.00 | sell |
| Phocas Financial Corp. | 334,357 | 260,896 | -73,461 | 0.98 | 0.97 | -0.01 | sell |
| ALLIANCEBERNSTEIN L.P. | 243,581 | 242,681 | -900 | 0.00 | 0.00 | +0.00 | sell |
| WELLINGTON MANAGEMENT GROUP LLP | 245,497 | 242,021 | -3,476 | 0.00 | 0.00 | +0.00 | sell |
| GENDELL JEFFREY L | 233,700 | 233,700 | 0 | 0.09 | 0.08 | -0.02 | hold |
| GRACE & WHITE INC /NY | 256,233 | 228,108 | -28,125 | 1.03 | 0.96 | -0.07 | sell |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 207,200 | 205,324 | -1,876 | 0.00 | 0.00 | +0.00 | sell |
| CSM Advisors, LLC | 201,940 | 200,935 | -1,005 | 0.12 | 0.12 | -0.01 | sell |
| NORTHERN TRUST CORP | 181,935 | 194,464 | +12,529 | 0.00 | 0.00 | +0.00 | buy |
| Cutler Capital Management, LLC | 138,000 | 136,470 | -1,530 | 0.93 | 0.89 | -0.04 | sell |
| GABELLI FUNDS LLC | 137,821 | 134,737 | -3,084 | 0.02 | 0.02 | +0.00 | sell |
| Bank of New York Mellon Corp | 119,042 | 117,753 | -1,289 | 0.00 | 0.00 | +0.00 | sell |
| Sippican Capital Advisors | 113,841 | 113,141 | -700 | 1.65 | 1.84 | +0.19 | sell |
| MILLENNIUM MANAGEMENT LLC | 39,249 | 106,986 | +67,737 | 0.00 | 0.00 | +0.00 | buy |
| ACADIAN ASSET MANAGEMENT LLC | 90,806 | 101,185 | +10,379 | 0.00 | 0.00 | +0.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 119,012 | 98,286 | -20,726 | 0.00 | 0.00 | -0.00 | sell |
| FEDERATED HERMES, INC. | 46,984 | 98,065 | +51,081 | 0.00 | 0.00 | +0.00 | buy |
| Quantinno Capital Management LP | 57,498 | 92,252 | +34,754 | 0.00 | 0.00 | +0.00 | buy |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 15,940 | 92,029 | +76,089 | 0.01 | 0.04 | +0.04 | buy |
| Qube Research & Technologies Ltd | 140,579 | 90,841 | -49,738 | 0.00 | 0.00 | -0.00 | sell |
| Empowered Funds, LLC | 0 | 82,279 | +82,279 | 0.00 | 0.01 | +0.01 | buy |
| FIRST TRUST ADVISORS LP | 80,705 | 81,208 | +503 | 0.00 | 0.00 | +0.00 | buy |
| MAIRS & POWER INC | 79,436 | 79,436 | 0 | 0.02 | 0.02 | +0.00 | hold |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 103,334 | 75,617 | -27,717 | 0.01 | 0.01 | -0.00 | sell |
| CWM, LLC | 73,596 | 73,245 | -351 | 0.00 | 0.00 | +0.00 | sell |
| Gator Capital Management, LLC | 65,410 | 67,960 | +2,550 | 0.30 | 0.34 | +0.04 | buy |
| FORTRESS FINANCIAL GROUP, LLC | 67,339 | 66,316 | -1,023 | 1.12 | 1.16 | +0.04 | sell |
| JPMORGAN CHASE & CO | 75,773 | 63,454 | -12,319 | 0.00 | 0.00 | -0.00 | sell |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 60,240 | 60,240 | 0 | 0.06 | 0.07 | +0.01 | hold |
| Squarepoint Ops LLC | 23,255 | 52,858 | +29,603 | 0.00 | 0.00 | +0.00 | buy |
| NEW YORK STATE COMMON RETIREMENT FUND | 52,214 | 52,214 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Trexquant Investment LP | 20,745 | 51,528 | +30,783 | 0.00 | 0.01 | +0.00 | buy |
| Wealth Forward, LLC | 50,279 | 50,279 | 0 | 0.64 | 0.67 | +0.03 | hold |
| Pinnacle Holdings, LLC | 48,999 | 48,999 | 0 | 0.37 | 0.38 | +0.00 | hold |
| GSA CAPITAL PARTNERS LLP | 49,079 | 46,901 | -2,178 | 0.10 | 0.07 | -0.03 | sell |
| XTX Topco Ltd | 21,855 | 43,599 | +21,744 | 0.01 | 0.02 | +0.01 | buy |
| IEQ CAPITAL, LLC | 33,585 | 39,400 | +5,815 | 0.00 | 0.00 | +0.00 | buy |
| Nuveen, LLC | 39,202 | 39,396 | +194 | 0.00 | 0.00 | +0.00 | buy |
| CARRET ASSET MANAGEMENT, LLC | 0 | 37,000 | +37,000 | 0.00 | 0.09 | +0.09 | buy |
| TWO SIGMA INVESTMENTS, LP | 117,914 | 35,215 | -82,699 | 0.00 | 0.00 | -0.00 | sell |
| Mariner, LLC | 32,715 | 33,395 | +680 | 0.00 | 0.00 | +0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 48,918 | 32,656 | -16,262 | 0.00 | 0.00 | -0.00 | sell |
| CITIGROUP INC | 10,607 | 31,897 | +21,290 | 0.00 | 0.00 | +0.00 | buy |
| JANE STREET GROUP, LLC | 30,882 | 31,261 | +379 | 0.00 | 0.00 | -0.00 | buy |
| PRINCIPAL FINANCIAL GROUP INC | 0 | 29,984 | +29,984 | 0.00 | 0.00 | +0.00 | buy |
| Invesco Ltd. | 29,666 | 29,871 | +205 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 29,953 | 28,733 | -1,220 | 0.00 | 0.00 | +0.00 | sell |
| CenterBook Partners LP | 0 | 28,099 | +28,099 | 0.00 | 0.04 | +0.04 | buy |
| Creative Planning | 27,493 | 26,508 | -985 | 0.00 | 0.00 | -0.00 | sell |
| MARTINGALE ASSET MANAGEMENT L P | 80,750 | 23,200 | -57,550 | 0.05 | 0.01 | -0.03 | sell |
| Lafayette Investments, Inc. | 21,900 | 21,900 | 0 | 0.09 | 0.11 | +0.01 | hold |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | 0 | 21,769 | +21,769 | 0.00 | 0.02 | +0.02 | buy |
| Inspire Investing, LLC | 20,878 | 21,677 | +799 | 0.04 | 0.05 | +0.01 | buy |
| Cetera Investment Advisers | 34,690 | 21,164 | -13,526 | 0.00 | 0.00 | -0.00 | sell |
| STATE OF WISCONSIN INVESTMENT BOARD | 15,077 | 20,577 | +5,500 | 0.00 | 0.00 | +0.00 | buy |
| HSBC HOLDINGS PLC | 46,666 | 20,488 | -26,178 | 0.00 | 0.00 | -0.00 | sell |
| LSV ASSET MANAGEMENT | 0 | 20,000 | +20,000 | 0.00 | 0.00 | +0.00 | buy |
| GAMCO INVESTORS, INC. ET AL | 85,093 | 19,836 | -65,257 | 0.02 | 0.00 | -0.01 | sell |
| Black Maple Capital Management LP | 24,576 | 19,757 | -4,819 | 0.41 | 0.36 | -0.05 | sell |
| BARCLAYS PLC | 51,283 | 19,740 | -31,543 | 0.00 | 0.00 | -0.00 | sell |
| CANADA PENSION PLAN INVESTMENT BOARD | 18,800 | 18,800 | 0 | 0.00 | 0.00 | +0.00 | hold |
| DEUTSCHE BANK AG\ | 16,649 | 18,799 | +2,150 | 0.00 | 0.00 | +0.00 | buy |
| BNP PARIBAS FINANCIAL MARKETS | 21,900 | 17,828 | -4,072 | 0.00 | 0.00 | -0.00 | sell |
| First PREMIER Bank | 17,036 | 17,036 | 0 | 0.09 | 0.09 | +0.01 | hold |
| PRICE T ROWE ASSOCIATES INC /MD/ | 13,594 | 16,282 | +2,688 | 0.00 | 0.00 | +0.00 | buy |
| MERCER GLOBAL ADVISORS INC /ADV | 15,363 | 15,577 | +214 | 0.00 | 0.00 | +0.00 | buy |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 12,696 | 13,746 | +1,050 | 0.00 | 0.00 | +0.00 | buy |
| Aviance Capital Partners, LLC | 13,111 | 13,111 | 0 | 0.03 | 0.04 | +0.00 | hold |
| MetLife Investment Management, LLC | 13,109 | 12,870 | -239 | 0.00 | 0.00 | +0.00 | sell |
| PANAGORA ASSET MANAGEMENT INC | 12,353 | 11,887 | -466 | 0.00 | 0.00 | +0.00 | sell |
| Columbia River Financial Group, LLC | 0 | 11,239 | +11,239 | 0.00 | 0.16 | +0.16 | buy |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 10,905 | 11,033 | +128 | 0.00 | 0.00 | -0.00 | buy |
| WELLS FARGO & COMPANY/MN | 26,857 | 10,384 | -16,473 | 0.00 | 0.00 | -0.00 | sell |
| Harbor Advisors LLC | 9,867 | 9,867 | 0 | 0.03 | 0.03 | +0.00 | hold |
| Hanson & Doremus Investment Management | 9,844 | 9,844 | 0 | 0.03 | 0.03 | +0.00 | hold |
| Numerai GP LLC | 9,195 | 9,642 | +447 | 0.02 | 0.02 | -0.00 | buy |
| FMR LLC | 7,807 | 8,472 | +665 | 0.00 | 0.00 | +0.00 | buy |
| Police & Firemen's Retirement System of New Jersey | 6,759 | 6,759 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Russell Investments Group, Ltd. | 3,174 | 4,876 | +1,702 | 0.00 | 0.00 | +0.00 | buy |
| Horrell Capital Management, Inc. | 4,440 | 4,440 | 0 | 0.04 | 0.05 | +0.00 | hold |
| MEEDER ASSET MANAGEMENT INC | 0 | 3,795 | +3,795 | 0.00 | 0.01 | +0.01 | buy |
| Tower Research Capital LLC (TRC) | 820 | 2,585 | +1,765 | 0.00 | 0.00 | +0.00 | buy |
| CANADA LIFE ASSURANCE Co | 2,222 | 2,310 | +88 | 0.00 | 0.00 | +0.00 | buy |
| US BANCORP \DE\ | 2,180 | 2,251 | +71 | 0.00 | 0.00 | +0.00 | buy |
| Legal & General Group Plc | 2,068 | 2,068 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Ameritas Investment Partners, Inc. | 1,964 | 1,964 | 0 | 0.00 | 0.00 | +0.00 | hold |