| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| ALERUS FINANCIAL NA | 2,145,669 | 2,175,784 | +30,115 | 3.17 | 3.39 | +0.22 | buy |
| BlackRock, Inc. | 1,832,817 | 1,786,508 | -46,309 | 0.00 | 0.00 | +0.00 | sell |
| VANGUARD GROUP INC | 1,194,264 | 1,252,474 | +58,210 | 0.00 | 0.00 | +0.00 | buy |
| DIMENSIONAL FUND ADVISORS LP | 684,252 | 757,041 | +72,789 | 0.00 | 0.00 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 538,224 | 561,336 | +23,112 | 0.00 | 0.00 | +0.00 | buy |
| ENDEAVOUR CAPITAL ADVISORS INC | 527,283 | 513,935 | -13,348 | 3.61 | 3.83 | +0.22 | sell |
| STATE STREET CORP | 403,774 | 474,608 | +70,834 | 0.00 | 0.00 | +0.00 | buy |
| BANC FUNDS CO LLC | 451,641 | 398,538 | -53,103 | 1.10 | 1.30 | +0.20 | sell |
| AMERIPRISE FINANCIAL INC | 379,672 | 377,745 | -1,927 | 0.00 | 0.00 | +0.00 | sell |
| WELLINGTON MANAGEMENT GROUP LLP | 327,179 | 345,137 | +17,958 | 0.00 | 0.00 | +0.00 | buy |
| CHOREO, LLC | 285,815 | 294,542 | +8,727 | 0.08 | 0.09 | +0.01 | buy |
| ALLIANCEBERNSTEIN L.P. | 286,981 | 282,081 | -4,900 | 0.00 | 0.00 | +0.00 | sell |
| MORGAN STANLEY | 81,816 | 257,758 | +175,942 | 0.00 | 0.00 | +0.00 | buy |
| GRACE & WHITE INC /NY | 256,233 | 256,233 | 0 | 0.90 | 1.02 | +0.11 | hold |
| AQR CAPITAL MANAGEMENT LLC | 64,736 | 236,720 | +171,984 | 0.00 | 0.00 | +0.00 | buy |
| GENDELL JEFFREY L | 389,794 | 233,700 | -156,094 | 0.31 | 0.13 | -0.18 | sell |
| M3F, Inc. | 187,447 | 216,708 | +29,261 | 0.95 | 1.32 | +0.37 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 184,575 | 196,135 | +11,560 | 0.00 | 0.00 | +0.00 | buy |
| CSM Advisors, LLC | 0 | 190,470 | +190,470 | 0.00 | 0.12 | +0.12 | buy |
| NORTHERN TRUST CORP | 195,925 | 185,500 | -10,425 | 0.00 | 0.00 | +0.00 | sell |
| Cutler Capital Management, LLC | 158,972 | 156,000 | -2,972 | 1.02 | 1.17 | +0.15 | sell |
| GABELLI FUNDS LLC | 0 | 137,821 | +137,821 | 0.00 | 0.02 | +0.02 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 126,660 | 129,975 | +3,315 | 0.00 | 0.00 | +0.00 | buy |
| AMERICAN CENTURY COMPANIES INC | 127,871 | 126,564 | -1,307 | 0.00 | 0.00 | +0.00 | sell |
| GOLDMAN SACHS GROUP INC | 91,766 | 123,093 | +31,327 | 0.00 | 0.00 | +0.00 | buy |
| CITADEL ADVISORS LLC | 106,959 | 116,243 | +9,284 | 0.00 | 0.00 | +0.00 | buy |
| Sippican Capital Advisors | 100,985 | 110,638 | +9,653 | 1.41 | 1.74 | +0.33 | buy |
| Bank of New York Mellon Corp | 106,081 | 108,753 | +2,672 | 0.00 | 0.00 | +0.00 | buy |
| GAMCO INVESTORS, INC. ET AL | 0 | 108,160 | +108,160 | 0.00 | 0.02 | +0.02 | buy |
| MAIRS & POWER INC | 97,664 | 97,867 | +203 | 0.02 | 0.02 | +0.00 | buy |
| Nuveen, LLC | 172,541 | 97,836 | -74,705 | 0.00 | 0.00 | +0.00 | sell |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 46,344 | 97,749 | +51,405 | 0.00 | 0.01 | +0.00 | buy |
| FORTRESS FINANCIAL GROUP, LLC | 85,347 | 85,623 | +276 | 1.57 | 1.57 | -0.00 | buy |
| ACADIAN ASSET MANAGEMENT LLC | 73,233 | 73,233 | 0 | 0.00 | 0.00 | -0.00 | hold |
| MARSHALL WACE, LLP | 18,007 | 72,425 | +54,418 | 0.00 | 0.00 | +0.00 | buy |
| CWM, LLC | 59,755 | 64,302 | +4,547 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA INVESTMENTS, LP | 68,091 | 60,567 | -7,524 | 0.00 | 0.00 | -0.00 | sell |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 60,240 | 60,240 | 0 | 0.06 | 0.06 | +0.00 | hold |
| MILLENNIUM MANAGEMENT LLC | 109,051 | 59,658 | -49,393 | 0.00 | 0.00 | -0.00 | sell |
| BARCLAYS PLC | 37,082 | 52,429 | +15,347 | 0.00 | 0.00 | +0.00 | buy |
| Wealth Forward, LLC | 50,279 | 50,279 | 0 | 0.66 | 0.73 | +0.07 | hold |
| Pinnacle Holdings, LLC | 48,999 | 48,999 | 0 | 0.34 | 0.38 | +0.04 | hold |
| FEDERATED HERMES, INC. | 46,997 | 46,461 | -536 | 0.00 | 0.00 | +0.00 | sell |
| Qube Research & Technologies Ltd | 51,974 | 45,743 | -6,231 | 0.00 | 0.00 | -0.00 | sell |
| JPMORGAN CHASE & CO | 47,955 | 39,814 | -8,141 | 0.00 | 0.00 | -0.00 | sell |
| BANK OF AMERICA CORP /DE/ | 32,146 | 37,997 | +5,851 | 0.00 | 0.00 | +0.00 | buy |
| Invesco Ltd. | 36,447 | 35,234 | -1,213 | 0.00 | 0.00 | +0.00 | sell |
| TWO SIGMA ADVISERS, LP | 41,600 | 33,800 | -7,800 | 0.00 | 0.00 | -0.00 | sell |
| HSBC HOLDINGS PLC | 32,990 | 33,576 | +586 | 0.00 | 0.00 | +0.00 | buy |
| LPL Financial LLC | 32,950 | 33,152 | +202 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 31,191 | 32,263 | +1,072 | 0.00 | 0.00 | +0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 30,287 | 29,114 | -1,173 | 0.00 | 0.00 | +0.00 | sell |
| Cetera Investment Advisers | 22,145 | 28,720 | +6,575 | 0.00 | 0.00 | +0.00 | buy |
| Cubist Systematic Strategies, LLC | 36,791 | 27,701 | -9,090 | 0.01 | 0.01 | -0.00 | sell |
| Mariner, LLC | 23,578 | 25,853 | +2,275 | 0.00 | 0.00 | +0.00 | buy |
| GSA CAPITAL PARTNERS LLP | 0 | 22,275 | +22,275 | 0.00 | 0.03 | +0.03 | buy |
| JANE STREET GROUP, LLC | 23,898 | 21,438 | -2,460 | 0.00 | 0.00 | -0.00 | sell |
| Man Group plc | 40,603 | 21,408 | -19,195 | 0.00 | 0.00 | -0.00 | sell |
| UBS Group AG | 0 | 20,435 | +20,435 | 0.00 | 0.00 | +0.00 | buy |
| Lafayette Investments, Inc. | 20,100 | 20,100 | 0 | 0.08 | 0.09 | +0.01 | hold |
| Quantinno Capital Management LP | 0 | 19,727 | +19,727 | 0.00 | 0.00 | +0.00 | buy |
| XTX Topco Ltd | 0 | 19,510 | +19,510 | 0.00 | 0.02 | +0.02 | buy |
| Petrus Trust Company, LTA | 19,749 | 19,191 | -558 | 0.03 | 0.04 | +0.01 | sell |
| Inspire Investing, LLC | 18,579 | 17,873 | -706 | 0.04 | 0.04 | +0.00 | sell |
| Squarepoint Ops LLC | 0 | 17,577 | +17,577 | 0.00 | 0.00 | +0.00 | buy |
| IEQ CAPITAL, LLC | 0 | 17,256 | +17,256 | 0.00 | 0.00 | +0.00 | buy |
| First PREMIER Bank | 17,036 | 17,036 | 0 | 0.08 | 0.09 | +0.01 | hold |
| WELLS FARGO & COMPANY/MN | 15,326 | 16,454 | +1,128 | 0.00 | 0.00 | +0.00 | buy |
| Black Maple Capital Management LP | 12,835 | 14,972 | +2,137 | 0.19 | 0.22 | +0.04 | buy |
| Verition Fund Management LLC | 0 | 14,185 | +14,185 | 0.00 | 0.00 | +0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 0 | 14,027 | +14,027 | 0.00 | 0.00 | +0.00 | buy |
| DEUTSCHE BANK AG\ | 24,281 | 13,762 | -10,519 | 0.00 | 0.00 | -0.00 | sell |
| Aviance Capital Partners, LLC | 13,111 | 13,111 | 0 | 0.03 | 0.04 | +0.00 | hold |
| MetLife Investment Management, LLC | 13,265 | 13,109 | -156 | 0.00 | 0.00 | +0.00 | sell |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 13,420 | 12,337 | -1,083 | 0.00 | 0.00 | -0.00 | sell |
| INTECH INVESTMENT MANAGEMENT LLC | 12,875 | 12,180 | -695 | 0.00 | 0.00 | +0.00 | sell |
| PRICE T ROWE ASSOCIATES INC /MD/ | 0 | 10,716 | +10,716 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 0 | 10,303 | +10,303 | 0.00 | 0.00 | +0.00 | buy |
| Semanteon Capital Management, LP | 0 | 10,239 | +10,239 | 0.00 | 0.33 | +0.33 | buy |
| Harbor Advisors LLC | 0 | 9,867 | +9,867 | 0.00 | 0.03 | +0.03 | buy |
| Hanson & Doremus Investment Management | 15,540 | 9,844 | -5,696 | 0.04 | 0.03 | -0.01 | sell |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 19,064 | 9,750 | -9,314 | 0.01 | 0.01 | -0.00 | sell |
| CITIGROUP INC | 17,004 | 9,010 | -7,994 | 0.00 | 0.00 | -0.00 | sell |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 0 | 8,804 | +8,804 | 0.00 | 0.00 | +0.00 | buy |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,451 | 6,451 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Police & Firemen's Retirement System of New Jersey | 5,234 | 5,234 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Horrell Capital Management, Inc. | 4,440 | 4,440 | 0 | 0.03 | 0.04 | +0.00 | hold |
| BNP PARIBAS FINANCIAL MARKETS | 1,211 | 4,350 | +3,139 | 0.00 | 0.00 | +0.00 | buy |
| Tower Research Capital LLC (TRC) | 1,236 | 3,371 | +2,135 | 0.00 | 0.00 | +0.00 | buy |
| OSAIC HOLDINGS, INC. | 2,524 | 2,546 | +22 | 0.00 | 0.00 | -0.00 | buy |
| Ameritas Investment Partners, Inc. | 2,349 | 2,349 | 0 | 0.00 | 0.00 | +0.00 | hold |
| US BANCORP \DE\ | 2,240 | 2,138 | -102 | 0.00 | 0.00 | +0.00 | sell |
| Legal & General Group Plc | 2,025 | 2,068 | +43 | 0.00 | 0.00 | +0.00 | buy |
| Aquatic Capital Management LLC | 4,697 | 1,956 | -2,741 | 0.00 | 0.00 | -0.00 | sell |
| FMR LLC | 1,312 | 1,864 | +552 | 0.00 | 0.00 | +0.00 | buy |
| CANADA LIFE ASSURANCE Co | 1,488 | 1,773 | +285 | 0.00 | 0.00 | +0.00 | buy |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 1,677 | 1,677 | 0 | 0.00 | 0.00 | +0.00 | hold |
| NewEdge Advisors, LLC | 812 | 1,544 | +732 | 0.00 | 0.00 | +0.00 | buy |
| THOMPSON INVESTMENT MANAGEMENT, INC. | 0 | 1,470 | +1,470 | 0.00 | 0.00 | +0.00 | buy |
| State of Wyoming | 2,665 | 975 | -1,690 | 0.01 | 0.00 | -0.00 | sell |