| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| ALERUS FINANCIAL NA | 2,175,784 | 2,315,436 | +139,652 | 3.39 | 2.61 | -0.78 | buy |
| BlackRock, Inc. | 1,786,508 | 1,789,692 | +3,184 | 0.00 | 0.00 | -0.00 | buy |
| VANGUARD GROUP INC | 1,252,474 | 1,269,253 | +16,779 | 0.00 | 0.00 | -0.00 | buy |
| DIMENSIONAL FUND ADVISORS LP | 757,041 | 796,693 | +39,652 | 0.00 | 0.00 | -0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 561,336 | 579,989 | +18,653 | 0.00 | 0.00 | -0.00 | buy |
| ENDEAVOUR CAPITAL ADVISORS INC | 513,935 | 513,935 | 0 | 3.83 | 3.44 | -0.39 | hold |
| STATE STREET CORP | 474,608 | 471,746 | -2,862 | 0.00 | 0.00 | -0.00 | sell |
| AMERIPRISE FINANCIAL INC | 377,745 | 375,845 | -1,900 | 0.00 | 0.00 | -0.00 | sell |
| AQR CAPITAL MANAGEMENT LLC | 236,720 | 340,242 | +103,522 | 0.00 | 0.00 | +0.00 | buy |
| MORGAN STANLEY | 257,758 | 308,256 | +50,498 | 0.00 | 0.00 | +0.00 | buy |
| CHOREO, LLC | 294,542 | 294,668 | +126 | 0.09 | 0.09 | -0.00 | buy |
| BANC FUNDS CO LLC | 398,538 | 282,453 | -116,085 | 1.30 | 1.09 | -0.21 | sell |
| ALLIANCEBERNSTEIN L.P. | 282,081 | 274,081 | -8,000 | 0.00 | 0.00 | -0.00 | sell |
| M3F, Inc. | 216,708 | 262,403 | +45,695 | 1.32 | 1.65 | +0.32 | buy |
| GRACE & WHITE INC /NY | 256,233 | 256,233 | 0 | 1.02 | 1.00 | -0.01 | hold |
| GENDELL JEFFREY L | 233,700 | 233,700 | 0 | 0.13 | 0.10 | -0.04 | hold |
| WELLINGTON MANAGEMENT GROUP LLP | 345,137 | 226,007 | -119,130 | 0.00 | 0.00 | -0.00 | sell |
| GOLDMAN SACHS GROUP INC | 123,093 | 217,461 | +94,368 | 0.00 | 0.00 | +0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 196,135 | 211,369 | +15,234 | 0.00 | 0.00 | +0.00 | buy |
| NORTHERN TRUST CORP | 185,500 | 199,434 | +13,934 | 0.00 | 0.00 | +0.00 | buy |
| CSM Advisors, LLC | 190,470 | 184,480 | -5,990 | 0.12 | 0.11 | -0.01 | sell |
| Phocas Financial Corp. | 0 | 165,370 | +165,370 | 0.00 | 0.47 | +0.47 | buy |
| Cutler Capital Management, LLC | 156,000 | 148,000 | -8,000 | 1.17 | 1.05 | -0.13 | sell |
| GABELLI FUNDS LLC | 137,821 | 137,821 | 0 | 0.02 | 0.02 | -0.00 | hold |
| AMERICAN CENTURY COMPANIES INC | 126,564 | 125,498 | -1,066 | 0.00 | 0.00 | -0.00 | sell |
| Nuveen, LLC | 97,836 | 124,806 | +26,970 | 0.00 | 0.00 | +0.00 | buy |
| Sippican Capital Advisors | 110,638 | 111,866 | +1,228 | 1.74 | 1.64 | -0.10 | buy |
| Bank of New York Mellon Corp | 108,753 | 111,642 | +2,889 | 0.00 | 0.00 | -0.00 | buy |
| Qube Research & Technologies Ltd | 45,743 | 110,168 | +64,425 | 0.00 | 0.00 | +0.00 | buy |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 97,749 | 95,436 | -2,313 | 0.01 | 0.01 | -0.00 | sell |
| GAMCO INVESTORS, INC. ET AL | 108,160 | 95,417 | -12,743 | 0.02 | 0.02 | -0.00 | sell |
| TWO SIGMA INVESTMENTS, LP | 60,567 | 94,331 | +33,764 | 0.00 | 0.00 | +0.00 | buy |
| ACADIAN ASSET MANAGEMENT LLC | 73,233 | 90,696 | +17,463 | 0.00 | 0.00 | +0.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 129,975 | 89,079 | -40,896 | 0.00 | 0.00 | -0.00 | sell |
| MAIRS & POWER INC | 97,867 | 86,823 | -11,044 | 0.02 | 0.02 | -0.00 | sell |
| Squarepoint Ops LLC | 17,577 | 79,823 | +62,246 | 0.00 | 0.00 | +0.00 | buy |
| FIRST TRUST ADVISORS LP | 0 | 78,685 | +78,685 | 0.00 | 0.00 | +0.00 | buy |
| MARTINGALE ASSET MANAGEMENT L P | 0 | 76,749 | +76,749 | 0.00 | 0.04 | +0.04 | buy |
| JPMORGAN CHASE & CO | 39,814 | 73,019 | +33,205 | 0.00 | 0.00 | +0.00 | buy |
| CWM, LLC | 64,302 | 72,007 | +7,705 | 0.00 | 0.00 | -0.00 | buy |
| FORTRESS FINANCIAL GROUP, LLC | 85,623 | 67,296 | -18,327 | 1.57 | 1.14 | -0.43 | sell |
| Gator Capital Management, LLC | 0 | 64,905 | +64,905 | 0.00 | 0.37 | +0.37 | buy |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 60,240 | 60,240 | 0 | 0.06 | 0.06 | -0.00 | hold |
| MARSHALL WACE, LLP | 72,425 | 58,698 | -13,727 | 0.00 | 0.00 | -0.00 | sell |
| Man Group plc | 21,408 | 51,041 | +29,633 | 0.00 | 0.00 | +0.00 | buy |
| Wealth Forward, LLC | 50,279 | 50,279 | 0 | 0.73 | 0.65 | -0.08 | hold |
| Pinnacle Holdings, LLC | 48,999 | 48,999 | 0 | 0.38 | 0.38 | -0.00 | hold |
| BARCLAYS PLC | 52,429 | 47,490 | -4,939 | 0.00 | 0.00 | -0.00 | sell |
| FEDERATED HERMES, INC. | 46,461 | 46,665 | +204 | 0.00 | 0.00 | -0.00 | buy |
| GSA CAPITAL PARTNERS LLP | 22,275 | 44,082 | +21,807 | 0.03 | 0.08 | +0.05 | buy |
| TWO SIGMA ADVISERS, LP | 33,800 | 40,100 | +6,300 | 0.00 | 0.00 | +0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 37,997 | 40,022 | +2,025 | 0.00 | 0.00 | +0.00 | buy |
| Quantinno Capital Management LP | 19,727 | 39,394 | +19,667 | 0.00 | 0.00 | +0.00 | buy |
| MILLENNIUM MANAGEMENT LLC | 59,658 | 38,911 | -20,747 | 0.00 | 0.00 | -0.00 | sell |
| CenterBook Partners LP | 0 | 33,443 | +33,443 | 0.00 | 0.04 | +0.04 | buy |
| RHUMBLINE ADVISERS | 32,263 | 33,012 | +749 | 0.00 | 0.00 | -0.00 | buy |
| HSBC HOLDINGS PLC | 33,576 | 32,640 | -936 | 0.00 | 0.00 | -0.00 | sell |
| Invesco Ltd. | 35,234 | 32,091 | -3,143 | 0.00 | 0.00 | -0.00 | sell |
| IEQ CAPITAL, LLC | 17,256 | 32,044 | +14,788 | 0.00 | 0.00 | -0.00 | buy |
| Mariner, LLC | 25,853 | 29,792 | +3,939 | 0.00 | 0.00 | +0.00 | buy |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,451 | 28,981 | +22,530 | 0.00 | 0.00 | +0.00 | buy |
| UBS Group AG | 20,435 | 24,189 | +3,754 | 0.00 | 0.00 | +0.00 | buy |
| XTX Topco Ltd | 19,510 | 23,999 | +4,489 | 0.02 | 0.03 | +0.01 | buy |
| Creative Planning | 0 | 21,933 | +21,933 | 0.00 | 0.00 | +0.00 | buy |
| JANE STREET GROUP, LLC | 21,438 | 21,872 | +434 | 0.00 | 0.00 | -0.00 | buy |
| Cetera Investment Advisers | 28,720 | 21,358 | -7,362 | 0.00 | 0.00 | -0.00 | sell |
| Inspire Investing, LLC | 17,873 | 20,623 | +2,750 | 0.04 | 0.04 | +0.00 | buy |
| Lafayette Investments, Inc. | 20,100 | 20,100 | 0 | 0.09 | 0.09 | -0.00 | hold |
| WELLS FARGO & COMPANY/MN | 16,454 | 19,023 | +2,569 | 0.00 | 0.00 | +0.00 | buy |
| First PREMIER Bank | 17,036 | 17,036 | 0 | 0.09 | 0.09 | -0.00 | hold |
| DEUTSCHE BANK AG\ | 13,762 | 16,649 | +2,887 | 0.00 | 0.00 | +0.00 | buy |
| Cubist Systematic Strategies, LLC | 27,701 | 14,949 | -12,752 | 0.01 | 0.00 | -0.00 | sell |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 14,027 | 14,027 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Aviance Capital Partners, LLC | 13,111 | 13,111 | 0 | 0.04 | 0.03 | -0.00 | hold |
| MetLife Investment Management, LLC | 13,109 | 13,109 | 0 | 0.00 | 0.00 | -0.00 | hold |
| BNP PARIBAS FINANCIAL MARKETS | 4,350 | 12,611 | +8,261 | 0.00 | 0.00 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 10,716 | 12,276 | +1,560 | 0.00 | 0.00 | +0.00 | buy |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 8,804 | 12,088 | +3,284 | 0.00 | 0.00 | +0.00 | buy |
| Connor, Clark & Lunn Investment Management Ltd. | 0 | 11,862 | +11,862 | 0.00 | 0.00 | +0.00 | buy |
| MERCER GLOBAL ADVISORS INC /ADV | 0 | 11,361 | +11,361 | 0.00 | 0.00 | +0.00 | buy |
| Black Maple Capital Management LP | 14,972 | 10,952 | -4,020 | 0.22 | 0.18 | -0.05 | sell |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 12,337 | 10,920 | -1,417 | 0.00 | 0.00 | -0.00 | sell |
| Arax Advisory Partners | 211 | 9,917 | +9,706 | 0.00 | 0.00 | +0.00 | buy |
| 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 |
| INTECH INVESTMENT MANAGEMENT LLC | 12,180 | 9,811 | -2,369 | 0.00 | 0.00 | -0.00 | sell |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 9,750 | 9,750 | 0 | 0.01 | 0.00 | -0.00 | hold |
| Semanteon Capital Management, LP | 10,239 | 9,605 | -634 | 0.33 | 0.27 | -0.07 | sell |
| Numerai GP LLC | 0 | 9,249 | +9,249 | 0.00 | 0.03 | +0.03 | buy |
| Police & Firemen's Retirement System of New Jersey | 5,234 | 6,759 | +1,525 | 0.00 | 0.00 | +0.00 | buy |
| ROYAL BANK OF CANADA | 0 | 5,228 | +5,228 | 0.00 | 0.00 | +0.00 | buy |
| Horrell Capital Management, Inc. | 4,440 | 4,440 | 0 | 0.04 | 0.04 | +0.00 | hold |
| Russell Investments Group, Ltd. | 567 | 4,242 | +3,675 | 0.00 | 0.00 | +0.00 | buy |
| AlphaQuest LLC | 0 | 2,672 | +2,672 | 0.00 | 0.00 | +0.00 | buy |
| CIBC Private Wealth Group LLC | 0 | 2,358 | +2,358 | 0.00 | 0.00 | +0.00 | buy |
| US BANCORP \DE\ | 2,138 | 2,130 | -8 | 0.00 | 0.00 | -0.00 | sell |
| Legal & General Group Plc | 2,068 | 2,068 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Ameritas Investment Partners, Inc. | 2,349 | 1,964 | -385 | 0.00 | 0.00 | -0.00 | sell |
| CANADA LIFE ASSURANCE Co | 1,773 | 1,767 | -6 | 0.00 | 0.00 | -0.00 | sell |
| Sterling Capital Management LLC | 617 | 1,622 | +1,005 | 0.00 | 0.00 | +0.00 | buy |