Wbi Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	1,785	13,799	SH		DFND	1	0	13,799	0
ABBVIE INC	COM	00287Y109	4,747	31,004	SH		DFND	1	0	31,004	0
ABBVIE INC	COM	00287Y109	2,885	20,281	SH		SOLE	NONE	20,281	0	0
AMERICAN EAGLE OUTFITTERS INC	COM	02553E106	1,660	148,499	SH		DFND	1	0	148,499	0
AMPLIFY ONLINE RETAIL ETF	ONLIN RETL ETF	032108102	238	5,931	SH		SOLE	NONE	5,931	0	0
ARTISAN PARTNERS ASSET MANAGEMENT INC	CL A	04316A108	411	11,565	SH		DFND	1	0	11,565	0
AUTOMATIC DATA PROCESSING INC	COM	053015103	3,567	16,993	SH		DFND	1	0	16,993	0
BAKER HUGHES CO	CL A	05722G100	3,859	133,710	SH		DFND	1	0	133,710	0
BAKER HUGHES CO	CL A	05722G100	1,771	66,894	SH		SOLE	NONE	66,894	0	0
BIG 5 SPORTING GOODS CORP	COM	08915P101	288	25,706	SH		DFND	1	0	25,706	0
BNY MELLON CORE BOND ETF	CORE BOND ETF	09661T602	761	17,590	SH		SOLE	NONE	17,590	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	4,742	61,601	SH		DFND	1	0	61,601	0
CAMPING WORLD HOLDINGS INC	CL A	13462K109	949	43,965	SH		DFND	1	0	43,965	0
CHEVRON CORP	COM	166764100	222	1,535	SH		DFND	1	0	1,535	0
CLEARWAY ENERGY INC	CL C	18539C204	474	13,628	SH		DFND	1	0	13,628	0
COCA-COLA CO/THE	COM	191216100	3,736	62,596	SH		SOLE	NONE	62,596	0	0
CONSUMER STAPLES SELECT SECTOR SPDR FUND	SBI CONS STPLS	81369Y308	4,704	65,787	SH		SOLE	NONE	65,787	0	0
CRACKER BARREL OLD COUNTRY STORE INC	COM	22410J106	718	8,609	SH		DFND	1	0	8,609	0
CSX CORP	COM	126408103	4,724	162,611	SH		DFND	1	0	162,611	0
CSX CORP	COM	126408103	2,788	102,720	SH		SOLE	NONE	102,720	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	668	5,518	SH		DFND	1	0	5,518	0
DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF	AUSPCE CMD STG	25460E307	9,582	312,760	SH		SOLE	NONE	312,760	0	0
DOW INC	COM	260557103	2,578	49,962	SH		DFND	1	0	49,962	0
EAGLE BULK SHIPPING INC	COM	Y2187A150	325	6,278	SH		DFND	1	0	6,278	0
EVEREST RE GROUP LTD	COM	G3223R108	1,165	4,159	SH		DFND	1	0	4,159	0
EXXON MOBIL CORP	COM	30231G102	4,721	55,147	SH		DFND	1	0	55,147	0
EXXON MOBIL CORP	COM	30231G102	902	12,904	SH		SOLE	NONE	12,904	0	0
FIDELITY MSCI CONSUMER STAPLES INDEX ETF	CONSMR STAPLES	316092303	606	14,168	SH		SOLE	NONE	14,168	0	0
FIDELITY MSCI HEALTH CARE INDEX ETF	MSCI HLTH CARE I	316092600	330	5,494	SH		SOLE	NONE	5,494	0	0
FIDELITY NATIONAL FINANCIAL INC	FNF GROUP COM	31620R303	700	18,947	SH		DFND	1	0	18,947	0
FIRST INTERSTATE BANCSYSTEM INC	COM CL A	32055Y201	718	18,862	SH		DFND	1	0	18,862	0
FNB CORP/PA	COM	302520101	627	57,820	SH		DFND	1	0	57,820	0
FOOT LOCKER INC	COM	344849104	2,336	92,518	SH		DFND	1	0	92,518	0
FRANCHISE GROUP INC	COM	35180X105	264	7,537	SH		DFND	1	0	7,537	0
FRANKLIN RESOURCES INC	COM	354613101	1,485	63,726	SH		DFND	1	0	63,726	0
FULTON FINANCIAL CORP	COM	360271100	325	22,495	SH		DFND	1	0	22,495	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	329	17,064	SH		DFND	1	0	17,064	0
GENERAL DYNAMICS CORP	COM	369550108	5,546	25,072	SH		DFND	1	0	25,072	0
GENERAL DYNAMICS CORP	COM	369550108	3,198	15,444	SH		SOLE	NONE	15,444	0	0
GENERAL MILLS INC	COM	370334104	3,600	47,726	SH		DFND	1	0	47,726	0
GENERAL MILLS INC	COM	370334104	3,337	47,054	SH		SOLE	NONE	47,054	0	0
GILEAD SCIENCES INC	COM	375558103	3,498	56,604	SH		DFND	1	0	56,604	0
GUESS INC	COM	401617105	386	22,678	SH		DFND	1	0	22,678	0
H&R BLOCK INC	COM	093671105	1,568	44,416	SH		DFND	1	0	44,416	0
H&R BLOCK INC	COM	093671105	816	25,707	SH		SOLE	NONE	25,707	0	0
HALLIBURTON CO	COM	406216101	201	6,433	SH		DFND	1	0	6,433	0
HANESBRANDS INC	COM	410345102	1,320	128,295	SH		DFND	1	0	128,295	0
HEALTH CARE SELECT SECTOR SPDR FUND	SBI HEALTHCARE	81369Y209	222	1,774	SH		SOLE	NONE	1,774	0	0
HESS MIDSTREAM LP	CL A SHS	428103105	572	20,436	SH		DFND	1	0	20,436	0
HOPE BANCORP INC	COM	43940T109	218	15,766	SH		DFND	1	0	15,766	0
HUMANA INC	COM	444859102	4,856	10,378	SH		DFND	1	0	10,378	0
HUMANA INC	COM	444859102	2,769	6,383	SH		SOLE	NONE	6,383	0	0
INTERNATIONAL BUSINESS MACHINES CORP	COM	459200101	9,411	66,675	SH		DFND	1	0	66,675	0
INTERNATIONAL BUSINESS MACHINES CORP	COM	459200101	3,395	25,619	SH		SOLE	NONE	25,619	0	0
INTERNATIONAL PAPER CO	COM	460146103	1,037	24,803	SH		DFND	1	0	24,803	0
INVESCO QQQ TRUST SERIES 1	UNIT SER 1	46090E103	392	1,431	SH		SOLE	NONE	1,431	0	0
INVESCO RUSSELL 1000 DYNAMIC MULTIFACTOR ETF	RUSL 1000 DYNM	46138J619	276	6,941	SH		SOLE	NONE	6,941	0	0
INVESCO S&P 500 EQUAL WEIGHT CONSUMER STAPLES ETF	S&P500 EQL STP	46137V373	1,104	6,753	SH		SOLE	NONE	6,753	0	0
INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF	S&P500 EQL HLT	46137V332	4,445	16,770	SH		SOLE	NONE	16,770	0	0
INVESCO S&P 500 GARP ETF	S&P 500 GARP ETF	46137V431	587	7,658	SH		SOLE	NONE	7,658	0	0
INVESCO S&P MIDCAP LOW VOLATILITY ETF	S&P MIDCP LOW	46138E198	555	11,010	SH		SOLE	NONE	11,010	0	0
INVESCO S&P SMALLCAP 600 REVENUE ETF	S&P SMALLCAP 600	46138G664	269	2,705	SH		SOLE	NONE	2,705	0	0
INVESCO S&P SMALLCAP HEALTH CARE ETF	S&P SMLCP HELT	46138E149	2,904	21,565	SH		SOLE	NONE	21,565	0	0
INVESCO S&P SMALLCAP LOW VOLATILITY ETF	S&P SMLCP LOW	46138G102	2,033	46,612	SH		SOLE	NONE	46,612	0	0
ISHARES 20 YEAR TREASURY BOND ETF	20 YR TR BD ETF	464287432	8,784	76,476	SH		DFND	1	0	76,476	0
ISHARES AGENCY BOND ETF	AGENCY BOND ETF	464288166	2,904	26,662	SH		SOLE	NONE	26,662	0	0
ISHARES CORE CONSERVATIVE ALLOCATION ETF	CONSER ALLOC ETF	464289883	306	9,004	SH		SOLE	NONE	9,004	0	0
ISHARES GLOBAL HEALTHCARE ETF	GLOB HLTHCRE ETF	464287325	2,219	27,617	SH		SOLE	NONE	27,617	0	0
ISHARES GNMA BOND ETF	GNMA BOND ETF	46429B333	2,989	66,024	SH		SOLE	NONE	66,024	0	0
ISHARES MBS ETF	MBS ETF	464288588	876	9,052	SH		SOLE	NONE	9,052	0	0
ISHARES MSCI GLOBAL MIN VOL FACTOR ETF	MSCI GBL MIN VOL	464286525	674	7,237	SH		SOLE	NONE	7,237	0	0
ISHARES SEMICONDUCTOR ETF	ISHARES SEMICDTR	464287523	290	856	SH		SOLE	NONE	856	0	0
ISHARES SHORT TREASURY BOND ETF	SHORT TREAS BD	464288679	2,637	24,251	SH		SOLE	NONE	24,251	0	0
ISHARES U.S. MEDICAL DEVICES ETF	U.S. MED DVC ETF	464288810	304	6,177	SH		SOLE	NONE	6,177	0	0
ISHARES US SMALL CAP VALUE FACTOR ETF	US SML CP VALUE	46436E536	528	20,506	SH		SOLE	NONE	20,506	0	0
JOHNSON & JOHNSON	COM	478160104	4,964	27,972	SH		DFND	1	0	27,972	0
JOHNSON & JOHNSON	COM	478160104	2,907	17,513	SH		SOLE	NONE	17,513	0	0
KINDER MORGAN INC	COM	49456B101	2,895	172,754	SH		DFND	1	0	172,754	0
KONTOOR BRANDS INC	COM	50050N103	381	11,447	SH		DFND	1	0	11,447	0
KRAFT HEINZ CO/THE	COM	500754106	1,004	26,336	SH		DFND	1	0	26,336	0
LKQ CORP	COM	501889208	444	9,053	SH		DFND	1	0	9,053	0
LUMEN TECHNOLOGIES INC	COM	550241103	4,406	403,993	SH		DFND	1	0	403,993	0
LYONDELLBASELL INDUSTRIES NV	SHS - A -	N53745100	2,658	30,399	SH		DFND	1	0	30,399	0
MERCK & CO INC	COM	58933Y105	4,930	54,098	SH		DFND	1	0	54,098	0
MERCK & CO INC	COM	58933Y105	553	6,481	SH		SOLE	NONE	6,481	0	0
MOELIS & CO	CL A	60786M105	408	10,369	SH		DFND	1	0	10,369	0
MOLSON COORS BEVERAGE CO	CL B	60871R209	1,733	31,798	SH		DFND	1	0	31,798	0
NAVIENT CORP	COM	63938C108	642	45,930	SH		DFND	1	0	45,930	0
NEW YORK COMMUNITY BANCORP INC	COM	649445103	1,322	144,867	SH		DFND	1	0	144,867	0
NEWELL BRANDS INC	COM	651229106	1,764	92,653	SH		DFND	1	0	92,653	0
NEXSTAR MEDIA GROUP INC	CL A	65336K103	268	1,653	SH		DFND	1	0	1,653	0
OLD REPUBLIC INTERNATIONAL CORP	COM	680223104	707	31,637	SH		DFND	1	0	31,637	0
OMNICOM GROUP INC	COM	681919106	789	12,405	SH		DFND	1	0	12,405	0
PACER LUNT LARGE CAP ALTERNATOR ETF	LUNT LRG CP ALTR	69374H717	3,543	88,073	SH		SOLE	NONE	88,073	0	0
PACER LUNT LARGE CAP MULTI-FACTOR ALTERNATOR ETF	LUNT LRGCP MULTI	69374H816	1,273	37,373	SH		SOLE	NONE	37,373	0	0
PACER TRENDPILOT US LARGE CAP ETF	TRENDP US LAR CP	69374H105	2,350	63,791	SH		SOLE	NONE	63,791	0	0
PACER TRENDPILOT US MID CAP ETF	TRENDP US MID CP	69374H204	9,421	275,434	SH		SOLE	NONE	275,434	0	0
PACER US CASH COWS 100 ETF	US CASH COWS 100	69374H881	537	12,729	SH		SOLE	NONE	12,729	0	0
PENSKE AUTOMOTIVE GROUP INC	COM	70959W103	1,382	13,204	SH		DFND	1	0	13,204	0
PENSKE AUTOMOTIVE GROUP INC	COM	70959W103	2,933	29,960	SH		SOLE	NONE	29,960	0	0
PFIZER INC	COM	717081103	4,166	79,509	SH		DFND	1	0	79,509	0
PFIZER INC	COM	717081103	1,860	37,971	SH		SOLE	NONE	37,971	0	0
PHILIP MORRIS INTERNATIONAL INC	COM	718172109	3,085	31,253	SH		DFND	1	0	31,253	0
PHILLIPS 66	COM	718546104	3,365	41,051	SH		DFND	1	0	41,051	0
PLAINS GP HOLDINGS LP	LTD PARTNR INT A	72651A207	853	82,744	SH		DFND	1	0	82,744	0
PRINCIPAL FINANCIAL GROUP INC	COM	74251V102	634	9,500	SH		DFND	1	0	9,500	0
PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	S&P 500 DV ARIST	74348A467	554	6,635	SH		SOLE	NONE	6,635	0	0
PROSHARES TRUST-PROSHARES RUSSELL 2000 DIVIDEND GROWERS ETF	RUSS 2000 DIVD	74347B698	1,089	18,927	SH		SOLE	NONE	18,927	0	0
PRUDENTIAL FINANCIAL INC	COM	744320102	678	7,088	SH		DFND	1	0	7,088	0
REINSURANCE GROUP OF AMERICA INC	COM NEW	759351604	211	1,806	SH		DFND	1	0	1,806	0
RENT-A-CENTER INC/TX	COM	76009N100	439	22,618	SH		DFND	1	0	22,618	0
SCHWAB SHORT-TERM U.S. TREASURY ETF	SHT TM US TRES	808524862	9,105	185,113	SH		DFND	1	0	185,113	0
SCHWAB SHORT-TERM U.S. TREASURY ETF	SHT TM US TRES	808524862	17,346	356,011	SH		SOLE	NONE	356,011	0	0
SCHWAB US DIVIDEND EQUITY ETF	US DIVIDEND EQ	808524797	281	3,988	SH		SOLE	NONE	3,988	0	0
SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	BLOOMBERG 1-3 MO	78468R663	2,638	29,191	SH		SOLE	NONE	29,191	0	0
SPDR PORTFOLIO LONG TERM TREASURY ETF	PORTFOLIO LN TSR	78464A664	12,238	370,089	SH		DFND	1	0	370,089	0
SPDR PORTFOLIO LONG TERM TREASURY ETF	PORTFOLIO LN TSR	78464A664	10,246	311,391	SH		SOLE	NONE	311,391	0	0
SPDR PORTFOLIO MORTGAGE BACKED BOND ETF	PORT MTG BK ETF	78464A383	427	18,967	SH		SOLE	NONE	18,967	0	0
SPDR S&P AEROSPACE & DEFENSE ETF	AEROSPACE DEF	78464A631	229	2,316	SH		SOLE	NONE	2,316	0	0
UMPQUA HOLDINGS CORP	COM	904214103	526	31,422	SH		DFND	1	0	31,422	0
UNITEDHEALTH GROUP INC	COM	91324P102	4,847	9,439	SH		DFND	1	0	9,439	0
UNITEDHEALTH GROUP INC	COM	91324P102	2,799	5,748	SH		SOLE	NONE	5,748	0	0
UNUM GROUP	COM	91529Y106	4,289	126,115	SH		DFND	1	0	126,115	0
UNUM GROUP	COM	91529Y106	2,407	74,274	SH		SOLE	NONE	74,274	0	0
VANGUARD LONG-TERM TREASURY ETF	LONG TERM TREAS	92206C847	12,240	174,476	SH		DFND	1	0	174,476	0
VANGUARD LONG-TERM TREASURY ETF	LONG TERM TREAS	92206C847	10,247	146,776	SH		SOLE	NONE	146,776	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,318	65,380	SH		DFND	1	0	65,380	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,844	75,052	SH		DFND	1	0	75,052	0
WBI BULLBEAR GLOBAL INCOME ETF	WBI BBR GBL INME	00400R874	22,250	1,048,558	SH		SOLE	NONE	1,048,558	0	0
WBI BULLBEAR QUALITY 3000 ETF	WBI BBR QTY 3000	00400R809	23,239	819,520	SH		SOLE	NONE	819,520	0	0
WBI BULLBEAR TREND SWITCH US 3000 TOTAL RETURN ETF	WBI BULBEAR TR	00400R841	13,017	737,615	SH		SOLE	NONE	737,615	0	0
WBI BULLBEAR VALUE 3000 ETF	WBI BBR VAL 3000	00400R601	26,183	898,263	SH		SOLE	NONE	898,263	0	0
WBI BULLBEAR YIELD 3000 ETF	WBI BBR YLD 3000	00400R700	23,870	931,574	SH		SOLE	NONE	931,574	0	0
WBI POWER FACTOR HIGH DIVIDEND ETF	WBI PWR FCTR ETF	00400R858	32,410	1,265,407	SH		SOLE	NONE	1,265,407	0	0
WESTERN UNION CO/THE	COM	959802109	1,627	98,835	SH		DFND	1	0	98,835	0
WHIRLPOOL CORP	COM	963320106	303	1,958	SH		DFND	1	0	1,958	0