| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| ALERUS FINANCIAL NA | 2,315,436 | 2,289,199 | -26,237 | 2.61 | 2.52 | -0.09 | sell |
| BlackRock, Inc. | 1,789,692 | 1,801,441 | +11,749 | 0.00 | 0.00 | -0.00 | buy |
| VANGUARD GROUP INC | 1,269,253 | 1,289,690 | +20,437 | 0.00 | 0.00 | +0.00 | buy |
| DIMENSIONAL FUND ADVISORS LP | 796,693 | 830,052 | +33,359 | 0.00 | 0.00 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 579,989 | 603,392 | +23,403 | 0.00 | 0.00 | +0.00 | buy |
| ENDEAVOUR CAPITAL ADVISORS INC | 513,935 | 516,532 | +2,597 | 3.44 | 3.24 | -0.21 | buy |
| STATE STREET CORP | 471,746 | 476,030 | +4,284 | 0.00 | 0.00 | -0.00 | buy |
| M3F, Inc. | 262,403 | 411,163 | +148,760 | 1.65 | 2.54 | +0.90 | buy |
| AMERIPRISE FINANCIAL INC | 375,845 | 379,540 | +3,695 | 0.00 | 0.00 | +0.00 | buy |
| Phocas Financial Corp. | 165,370 | 334,357 | +168,987 | 0.47 | 0.98 | +0.50 | buy |
| AQR CAPITAL MANAGEMENT LLC | 340,242 | 323,080 | -17,162 | 0.00 | 0.00 | -0.00 | sell |
| MORGAN STANLEY | 308,256 | 304,602 | -3,654 | 0.00 | 0.00 | -0.00 | sell |
| GOLDMAN SACHS GROUP INC | 217,461 | 298,060 | +80,599 | 0.00 | 0.00 | +0.00 | buy |
| CHOREO, LLC | 294,668 | 294,571 | -97 | 0.09 | 0.08 | -0.00 | sell |
| GRACE & WHITE INC /NY | 256,233 | 256,233 | 0 | 1.00 | 1.03 | +0.03 | hold |
| WELLINGTON MANAGEMENT GROUP LLP | 226,007 | 245,497 | +19,490 | 0.00 | 0.00 | +0.00 | buy |
| ALLIANCEBERNSTEIN L.P. | 274,081 | 243,581 | -30,500 | 0.00 | 0.00 | -0.00 | sell |
| GENDELL JEFFREY L | 233,700 | 233,700 | 0 | 0.10 | 0.09 | -0.00 | hold |
| BANC FUNDS CO LLC | 282,453 | 214,967 | -67,486 | 1.09 | 0.96 | -0.14 | sell |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 211,369 | 207,200 | -4,169 | 0.00 | 0.00 | -0.00 | sell |
| CSM Advisors, LLC | 184,480 | 201,940 | +17,460 | 0.11 | 0.12 | +0.01 | buy |
| AMERICAN CENTURY COMPANIES INC | 125,498 | 182,533 | +57,035 | 0.00 | 0.00 | +0.00 | buy |
| NORTHERN TRUST CORP | 199,434 | 181,935 | -17,499 | 0.00 | 0.00 | -0.00 | sell |
| Qube Research & Technologies Ltd | 110,168 | 140,579 | +30,411 | 0.00 | 0.00 | +0.00 | buy |
| Cutler Capital Management, LLC | 148,000 | 138,000 | -10,000 | 1.05 | 0.93 | -0.12 | sell |
| GABELLI FUNDS LLC | 137,821 | 137,821 | 0 | 0.02 | 0.02 | +0.00 | hold |
| Bank of New York Mellon Corp | 111,642 | 119,042 | +7,400 | 0.00 | 0.00 | +0.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 89,079 | 119,012 | +29,933 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA INVESTMENTS, LP | 94,331 | 117,914 | +23,583 | 0.00 | 0.00 | +0.00 | buy |
| Sippican Capital Advisors | 111,866 | 113,841 | +1,975 | 1.64 | 1.65 | +0.01 | buy |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 95,436 | 103,334 | +7,898 | 0.01 | 0.01 | +0.00 | buy |
| ACADIAN ASSET MANAGEMENT LLC | 90,696 | 90,806 | +110 | 0.00 | 0.00 | -0.00 | buy |
| MARSHALL WACE, LLP | 58,698 | 87,178 | +28,480 | 0.00 | 0.00 | +0.00 | buy |
| GAMCO INVESTORS, INC. ET AL | 95,417 | 85,093 | -10,324 | 0.02 | 0.02 | -0.00 | sell |
| MARTINGALE ASSET MANAGEMENT L P | 76,749 | 80,750 | +4,001 | 0.04 | 0.05 | +0.00 | buy |
| FIRST TRUST ADVISORS LP | 78,685 | 80,705 | +2,020 | 0.00 | 0.00 | +0.00 | buy |
| MAIRS & POWER INC | 86,823 | 79,436 | -7,387 | 0.02 | 0.02 | -0.00 | sell |
| JPMORGAN CHASE & CO | 73,019 | 75,773 | +2,754 | 0.00 | 0.00 | +0.00 | buy |
| CWM, LLC | 72,007 | 73,596 | +1,589 | 0.00 | 0.00 | -0.00 | buy |
| FORTRESS FINANCIAL GROUP, LLC | 67,296 | 67,339 | +43 | 1.14 | 1.12 | -0.02 | buy |
| FJ Capital Management LLC | 0 | 67,134 | +67,134 | 0.00 | 0.17 | +0.17 | buy |
| Gator Capital Management, LLC | 64,905 | 65,410 | +505 | 0.37 | 0.30 | -0.06 | buy |
| Man Group plc | 51,041 | 64,111 | +13,070 | 0.00 | 0.00 | +0.00 | buy |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 60,240 | 60,240 | 0 | 0.06 | 0.06 | -0.00 | hold |
| Quantinno Capital Management LP | 39,394 | 57,498 | +18,104 | 0.00 | 0.00 | +0.00 | buy |
| NEW YORK STATE COMMON RETIREMENT FUND | 28,981 | 52,214 | +23,233 | 0.00 | 0.00 | +0.00 | buy |
| BARCLAYS PLC | 47,490 | 51,283 | +3,793 | 0.00 | 0.00 | +0.00 | buy |
| Wealth Forward, LLC | 50,279 | 50,279 | 0 | 0.65 | 0.64 | -0.01 | hold |
| GSA CAPITAL PARTNERS LLP | 44,082 | 49,079 | +4,997 | 0.08 | 0.10 | +0.01 | buy |
| Pinnacle Holdings, LLC | 48,999 | 48,999 | 0 | 0.38 | 0.37 | -0.01 | hold |
| BANK OF AMERICA CORP /DE/ | 40,022 | 48,918 | +8,896 | 0.00 | 0.00 | +0.00 | buy |
| FEDERATED HERMES, INC. | 46,665 | 46,984 | +319 | 0.00 | 0.00 | -0.00 | buy |
| HSBC HOLDINGS PLC | 32,640 | 46,666 | +14,026 | 0.00 | 0.00 | +0.00 | buy |
| MILLENNIUM MANAGEMENT LLC | 38,911 | 39,249 | +338 | 0.00 | 0.00 | -0.00 | buy |
| Nuveen, LLC | 124,806 | 39,202 | -85,604 | 0.00 | 0.00 | -0.00 | sell |
| Cetera Investment Advisers | 21,358 | 34,690 | +13,332 | 0.00 | 0.00 | +0.00 | buy |
| IEQ CAPITAL, LLC | 32,044 | 33,585 | +1,541 | 0.00 | 0.00 | +0.00 | buy |
| Mariner, LLC | 29,792 | 32,715 | +2,923 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA ADVISERS, LP | 40,100 | 31,000 | -9,100 | 0.00 | 0.00 | -0.00 | sell |
| JANE STREET GROUP, LLC | 21,872 | 30,882 | +9,010 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 33,012 | 29,953 | -3,059 | 0.00 | 0.00 | -0.00 | sell |
| Invesco Ltd. | 32,091 | 29,666 | -2,425 | 0.00 | 0.00 | -0.00 | sell |
| Creative Planning | 21,933 | 27,493 | +5,560 | 0.00 | 0.00 | +0.00 | buy |
| WELLS FARGO & COMPANY/MN | 19,023 | 26,857 | +7,834 | 0.00 | 0.00 | +0.00 | buy |
| Black Maple Capital Management LP | 10,952 | 24,576 | +13,624 | 0.18 | 0.41 | +0.24 | buy |
| Squarepoint Ops LLC | 79,823 | 23,255 | -56,568 | 0.00 | 0.00 | -0.00 | sell |
| CITADEL ADVISORS LLC | 0 | 22,388 | +22,388 | 0.00 | 0.00 | +0.00 | buy |
| BNP PARIBAS FINANCIAL MARKETS | 12,611 | 21,900 | +9,289 | 0.00 | 0.00 | +0.00 | buy |
| Lafayette Investments, Inc. | 20,100 | 21,900 | +1,800 | 0.09 | 0.09 | +0.01 | buy |
| XTX Topco Ltd | 23,999 | 21,855 | -2,144 | 0.03 | 0.01 | -0.01 | sell |
| Inspire Investing, LLC | 20,623 | 20,878 | +255 | 0.04 | 0.04 | -0.00 | buy |
| Trexquant Investment LP | 0 | 20,745 | +20,745 | 0.00 | 0.00 | +0.00 | buy |
| CANADA PENSION PLAN INVESTMENT BOARD | 0 | 18,800 | +18,800 | 0.00 | 0.00 | +0.00 | buy |
| UBS Group AG | 24,189 | 17,092 | -7,097 | 0.00 | 0.00 | -0.00 | sell |
| First PREMIER Bank | 17,036 | 17,036 | 0 | 0.09 | 0.09 | +0.00 | hold |
| DEUTSCHE BANK AG\ | 16,649 | 16,649 | 0 | 0.00 | 0.00 | -0.00 | hold |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 9,750 | 15,940 | +6,190 | 0.00 | 0.01 | +0.00 | buy |
| MERCER GLOBAL ADVISORS INC /ADV | 11,361 | 15,363 | +4,002 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 0 | 15,077 | +15,077 | 0.00 | 0.00 | +0.00 | buy |
| Connor, Clark & Lunn Investment Management Ltd. | 11,862 | 14,730 | +2,868 | 0.00 | 0.00 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 12,276 | 13,594 | +1,318 | 0.00 | 0.00 | +0.00 | buy |
| Aviance Capital Partners, LLC | 13,111 | 13,111 | 0 | 0.03 | 0.03 | -0.00 | hold |
| MetLife Investment Management, LLC | 13,109 | 13,109 | 0 | 0.00 | 0.00 | +0.00 | hold |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 12,088 | 12,696 | +608 | 0.00 | 0.00 | +0.00 | buy |
| PANAGORA ASSET MANAGEMENT INC | 0 | 12,353 | +12,353 | 0.00 | 0.00 | +0.00 | buy |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 10,920 | 10,905 | -15 | 0.00 | 0.00 | -0.00 | sell |
| CITIGROUP INC | 361 | 10,607 | +10,246 | 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 |
| Numerai GP LLC | 9,249 | 9,195 | -54 | 0.03 | 0.02 | -0.00 | sell |
| FMR LLC | 1,298 | 7,807 | +6,509 | 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 |
| AlphaQuest LLC | 2,672 | 4,816 | +2,144 | 0.00 | 0.01 | +0.00 | buy |
| Horrell Capital Management, Inc. | 4,440 | 4,440 | 0 | 0.04 | 0.04 | +0.00 | hold |
| Russell Investments Group, Ltd. | 4,242 | 3,174 | -1,068 | 0.00 | 0.00 | -0.00 | sell |
| CANADA LIFE ASSURANCE Co | 1,767 | 2,222 | +455 | 0.00 | 0.00 | +0.00 | buy |
| US BANCORP \DE\ | 2,130 | 2,180 | +50 | 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 |
| NewEdge Advisors, LLC | 1,448 | 1,563 | +115 | 0.00 | 0.00 | -0.00 | buy |