Cambria Investment Management 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
Expires:	Oct 31, 2018
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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
ABERCROMBIE & FITCH CO	CL A	002896207	3,610	112,861	SH		SOLE		112,861	0	0
ABRDN GOLD ETF TRUST	PHYSCL GOLD SHS	00326A104	622	33,482	SH		SOLE		0	0	33,482
ADVANCE AUTO PARTS INC	COM	00751Y106	5,700	27,540	SH		SOLE		27,540	0	0
ADVANSIX INC	COM	00773T101	357	6,996	SH		SOLE		6,996	0	0
AFLAC INC	COM	001055102	5,090	79,056	SH		SOLE		79,056	0	0
AGRIFY CORP	COM	00853E107	426	91,960	SH		SOLE		91,960	0	0
ALCOA CORP	COM	013872106	351	3,894	SH		SOLE		3,894	0	0
ALLSCRIPTS HEALTHCARE SOLUTN	COM	01988P108	4,564	202,662	SH		SOLE		202,662	0	0
ALLSTATE CORP	COM	020002101	5,071	36,612	SH		SOLE		36,612	0	0
ALLY FINL INC	COM	02005N100	4,135	95,092	SH		SOLE		95,092	0	0
ALPHA ARCHITECT ETF TR	US QUAN MOMENTUM	02072L409	2,022	40,928	SH		SOLE		40,928	0	0
ALPHA ARCHITECT ETF TR	VAL MOMTM TRND	02072L508	1,769	68,555	SH		SOLE		68,555	0	0
ALPHA ARCHITECT ETF TR	INTL QUAN MOMNTM	02072L300	1,000	34,016	SH		SOLE		34,016	0	0
ALPHA METALLURGICAL RESOUR I	COM	020764106	276	2,090	SH		SOLE		2,090	0	0
ALPINE INCOME PPTY TR INC	COM	02083X103	282	15,000	SH		SOLE		15,000	0	0
ALTRIA GROUP INC	COM	02209S103	1,045	20,000	SH		SOLE		20,000	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	214	5,368	SH		SOLE		5,368	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	237	1,628	SH		SOLE		1,628	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	300	7,500	SH		SOLE		7,500	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	214	3,410	SH		SOLE		3,410	0	0
AMERICAN NATIONAL GROUP INC	COM NEW	02772A109	204	1,078	SH		SOLE		1,078	0	0
AMERIPRISE FINL INC	COM	03076C106	5,888	19,602	SH		SOLE		19,602	0	0
ANDERSONS INC	COM	034164103	224	4,466	SH		SOLE		4,466	0	0
ANTERO RESOURCES CORP	COM	03674X106	265	8,694	SH		SOLE		8,694	0	0
APA CORPORATION	COM	03743Q108	4,759	115,146	SH		SOLE		115,146	0	0
ARCBEST CORP	COM	03937C105	321	3,982	SH		SOLE		3,982	0	0
ARROW ELECTRS INC	COM	042735100	4,516	38,070	SH		SOLE		38,070	0	0
ASSURED GUARANTY LTD	COM	G0585R106	6,198	97,362	SH		SOLE		97,362	0	0
ATKORE INC	COM	047649108	217	2,200	SH		SOLE		2,200	0	0
ATLAS AIR WORLDWIDE HLDGS IN	COM NEW	049164205	232	2,684	SH		SOLE		2,684	0	0
AURORA CANNABIS INC	COM	05156X884	439	109,800	SH		SOLE		109,800	0	0
AUTONATION INC	COM	05329W102	5,413	54,350	SH		SOLE		54,350	0	0
AVALONBAY CMNTYS INC	COM	053484101	373	1,500	SH		SOLE		1,500	0	0
BED BATH & BEYOND INC	COM	075896100	4,273	189,658	SH		SOLE		189,658	0	0
BERKSHIRE HILLS BANCORP INC	COM	084680107	215	7,436	SH		SOLE		7,436	0	0
BIG 5 SPORTING GOODS CORP	COM	08915P101	2,869	167,279	SH		SOLE		167,279	0	0
BIG LOTS INC	COM	089302103	3,021	87,318	SH		SOLE		87,318	0	0
BLUELINX HLDGS INC	COM NEW	09624H208	202	2,816	SH		SOLE		2,816	0	0
BLUEROCK RESIDENTIAL GWT REI	COM CL A	09627J102	518	19,500	SH		SOLE		19,500	0	0
BOISE CASCADE CO DEL	COM	09739D100	5,585	80,392	SH		SOLE		80,392	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	297	21,000	SH		SOLE		21,000	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	310	12,000	SH		SOLE		12,000	0	0
BROADSTONE NET LEASE INC	COM	11135E203	261	12,000	SH		SOLE		12,000	0	0
CALIFORNIA RES CORP	COM STOCK	13057Q305	4,761	106,434	SH		SOLE		106,434	0	0
CAMBRIA ETF TR	VALUE MOMENTUM	132061888	20,573	804,279	SH		SOLE		679,919	0	124,360
CAMBRIA ETF TR	SHSHLD YIELD ETF	132061201	17,220	269,438	SH		SOLE		234,476	0	34,962
CAMBRIA ETF TR	GLB MOMENT ETF	132061508	15,759	488,951	SH		SOLE		0	0	488,951
CAMBRIA ETF TR	GBL REAL EST ETF	132061813	12,040	381,010	SH		SOLE		349,544	0	31,466
CAMBRIA ETF TR	CAMBRIA FGN SHR	132061300	11,329	412,414	SH		SOLE		370,507	0	41,907
CAMBRIA ETF TR	EMRG SHAREHLDR	132061706	7,217	228,583	SH		SOLE		194,292	0	34,291
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	6,964	328,210	SH		SOLE		208,343	0	119,867
CAMDEN PPTY TR	SH BEN INT	133131102	249	1,500	SH		SOLE		1,500	0	0
CANOPY GROWTH CORP	COM	138035100	534	70,400	SH		SOLE		70,400	0	0
CATHAY GEN BANCORP	COM	149150104	5,336	119,232	SH		SOLE		119,232	0	0
CBDMD INC	COM	12482W101	241	232,040	SH		SOLE		232,040	0	0
CEDAR REALTY TRUST INC	COM NEW	150602605	373	13,500	SH		SOLE		13,500	0	0
CENTENNIAL RESOURCE DEV INC	CL A	15136A102	345	42,746	SH		SOLE		42,746	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	224	2,574	SH		SOLE		2,574	0	0
CHEVRON CORP NEW	COM	166764100	208	1,276	SH		SOLE		1,276	0	0
CHINA PETROLEUM & CHEMICAL C	SPON ADR H SHS	16941R108	601	12,143	SH		SOLE		12,143	0	0
CIGNA CORP NEW	COM	125523100	4,425	18,468	SH		SOLE		18,468	0	0
CITI TRENDS INC	COM	17306X102	2,109	68,850	SH		SOLE		68,850	0	0
CITY OFFICE REIT INC	COM	178587101	291	16,500	SH		SOLE		16,500	0	0
CIVITAS RESOURCES INC	COM NEW	17888H103	330	5,522	SH		SOLE		5,522	0	0
COMERICA INC	COM	200340107	6,400	70,770	SH		SOLE		70,770	0	0
CONOCOPHILLIPS	COM	20825C104	205	2,046	SH		SOLE		2,046	0	0
CONSOL ENERGY INC NEW	COM	20854L108	314	8,338	SH		SOLE		8,338	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	1,852	8,040	SH		SOLE		8,040	0	0
CONTINENTAL RES INC	COM	212015101	321	5,236	SH		SOLE		5,236	0	0
COUSINS PPTYS INC	COM NEW	222795502	302	7,500	SH		SOLE		7,500	0	0
CRANE CO	COM	224399105	4,456	41,148	SH		SOLE		41,148	0	0
CRONOS GROUP INC	COM	22717L101	506	130,120	SH		SOLE		130,120	0	0
CUBESMART	COM	229663109	312	6,000	SH		SOLE		6,000	0	0
CUMMINS INC	COM	231021106	3,688	17,982	SH		SOLE		17,982	0	0
CUSTOMERS BANCORP INC	COM	23204G100	317	6,072	SH		SOLE		6,072	0	0
CVR ENERGY INC	COM	12662P108	6,012	235,386	SH		SOLE		235,386	0	0
DICKS SPORTING GOODS INC	COM	253393102	4,116	41,148	SH		SOLE		41,148	0	0
DILLARDS INC	CL A	254067101	13,196	49,170	SH		SOLE		49,170	0	0
DISCOVER FINL SVCS	COM	254709108	4,481	40,662	SH		SOLE		40,662	0	0
DONNELLEY FINL SOLUTIONS INC	COM	25787G100	239	7,194	SH		SOLE		7,194	0	0
DUKE REALTY CORP	COM NEW	264411505	261	4,500	SH		SOLE		4,500	0	0
DUPONT DE NEMOURS INC	COM	26614N102	4,983	67,716	SH		SOLE		67,716	0	0
DXC TECHNOLOGY CO	COM	23355L106	4,451	136,404	SH		SOLE		136,404	0	0
EARTHSTONE ENERGY INC	CL A	27032D304	214	16,918	SH		SOLE		16,918	0	0
ENCORE CAP GROUP INC	COM	292554102	248	3,960	SH		SOLE		3,960	0	0
ENCORE WIRE CORP	COM	292562105	206	1,804	SH		SOLE		1,804	0	0
ENTRAVISION COMMUNICATIONS C	CL A	29382R107	222	34,628	SH		SOLE		34,628	0	0
EOG RES INC	COM	26875P101	315	2,640	SH		SOLE		2,640	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	270	3,000	SH		SOLE		3,000	0	0
ETHAN ALLEN INTERIORS INC	COM	297602104	4,494	172,368	SH		SOLE		172,368	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	308	1,500	SH		SOLE		1,500	0	0
EXXON MOBIL CORP	COM	30231G102	4,720	57,146	SH		SOLE		57,146	0	0
FEDERATED HERMES INC	CL B	314211103	4,845	142,236	SH		SOLE		142,236	0	0
FIRST HORIZON CORPORATION	COM	320517105	4,820	205,194	SH		SOLE		205,194	0	0
FIRST INDL RLTY TR INC	COM	32054K103	279	4,500	SH		SOLE		4,500	0	0
FIRST TR EXCHANGE-TRADED FD	MNGD FUTRS STRGY	33739G103	1,339	27,415	SH		SOLE		27,415	0	0
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	6,996	149,388	SH		SOLE		149,388	0	0
FOOT LOCKER INC	COM	344849104	2,138	72,090	SH		SOLE		72,090	0	0
FOX CORP	CL B COM	35137L204	4,238	116,802	SH		SOLE		116,802	0	0
GETTY RLTY CORP NEW	COM	374297109	258	9,000	SH		SOLE		9,000	0	0
GRANITESHARES GOLD TR	SHS BEN INT	38748G101	3,816	198,758	SH		SOLE		198,758	0	0
GREENLANE HLDGS INC	CL A	395330103	368	656,400	SH		SOLE		656,400	0	0
GREIF INC	CL A	397624107	4,701	72,252	SH		SOLE		72,252	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	210	1,254	SH		SOLE		1,254	0	0
GROWGENERATION CORP	COM	39986L109	492	53,400	SH		SOLE		53,400	0	0
HANMI FINL CORP	COM NEW	410495204	241	9,790	SH		SOLE		9,790	0	0
HAVERTY FURNITURE COS INC	COM	419596101	3,665	133,650	SH		SOLE		133,650	0	0
HELMERICH & PAYNE INC	COM	423452101	7,339	171,558	SH		SOLE		171,558	0	0
HEXO CORP	COM NEW	428304307	70	113,659	SH		SOLE		113,659	0	0
HF SINCLAIR CORPORATION	COM	403949100	5,281	132,516	SH		SOLE		132,516	0	0
HIBBETT INC	COM	428567101	2,477	55,867	SH		SOLE		55,867	0	0
HIGHWOODS PPTYS INC	COM	431284108	274	6,000	SH		SOLE		6,000	0	0
HILLTOP HOLDINGS INC	COM	432748101	4,253	144,666	SH		SOLE		144,666	0	0
HOMESTREET INC	COM	43785V102	225	4,752	SH		SOLE		4,752	0	0
HOPE BANCORP INC	COM	43940T109	5,397	335,618	SH		SOLE		335,618	0	0
HP INC	COM	40434L105	5,920	163,070	SH		SOLE		163,070	0	0
HUNTSMAN CORP	COM	447011107	5,925	157,972	SH		SOLE		157,972	0	0
HYDROFARM HLDGS GROUP INC	COM	44888K209	460	30,360	SH		SOLE		30,360	0	0
INDUSTRIAL LOGISTICS PPTYS T	COM SHS BEN INT	456237106	272	12,000	SH		SOLE		12,000	0	0
INGLES MKTS INC	CL A	457030104	202	2,266	SH		SOLE		2,266	0	0
INNOVATIVE INDL PPTYS INC	COM	45781V101	1,676	8,160	SH		SOLE		8,160	0	0
INNOVIVA INC	COM	45781M101	6,147	317,682	SH		SOLE		317,682	0	0
INTERNATIONAL PAPER CO	COM	460146103	3,626	78,570	SH		SOLE		78,570	0	0
INTREPID POTASH INC	COM	46121Y201	247	3,002	SH		SOLE		3,002	0	0
INVESCO ACTIVLY MANGD ETC FD	OPTIMUM YIELD	46090F100	11,394	645,938	SH		SOLE		609,048	0	36,890
INVESCO DB MULTI-SECTOR COMM	ENERGY FD	46140H304	8,658	375,114	SH		SOLE		375,114	0	0
INVESCO DB MULTI-SECTOR COMM	BASE METALS FD	46140H700	7,629	295,234	SH		SOLE		295,234	0	0
INVESCO DB MULTI-SECTOR COMM	PRECIOUS METAL	46140H502	5,582	107,816	SH		SOLE		107,816	0	0
INVESCO DB MULTI-SECTOR COMM	AGRICULTURE FD	46140H106	5,576	254,852	SH		SOLE		254,852	0	0
INVESCO EXCH TRADED FD TR II	FTSE RAFI DEV	46138E743	376	8,157	SH		SOLE		0	0	8,157
INVESTORS BANCORP INC NEW	COM	46146L101	4,956	331,938	SH		SOLE		331,938	0	0
ISHARES INC	MSCI COLMBIA ETF	46434G202	10,261	829,250	SH		SOLE		829,250	0	0
ISHARES TR	GLOBAL ENERG ETF	464287341	7,974	220,576	SH		SOLE		220,576	0	0
ISHARES TR	RESIDENTIAL MULT	464288562	6,023	62,800	SH		SOLE		62,800	0	0
ISHARES TR	TIPS BD ETF	464287176	1,197	9,610	SH		SOLE		9,610	0	0
ISHARES TR	NATIONAL MUN ETF	464288414	1,141	10,408	SH		SOLE		0	0	10,408
ISHARES TR	BARCLAYS 7 10 YR	464287440	1,133	10,545	SH		SOLE		10,545	0	0
ISHARES TR	SHORT TREAS BD	464288679	886	8,036	SH		SOLE		8,032	0	4
ISHARES TR	GLOBAL REIT ETF	46434V647	256	8,750	SH		SOLE		0	0	8,750
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	1,164	7,480	SH		SOLE		7,480	0	0
JONES LANG LASALLE INC	COM	48020Q107	200	836	SH		SOLE		836	0	0
JPMORGAN CHASE & CO	COM	46625H100	3,533	25,920	SH		SOLE		25,920	0	0
JUNIPER NETWORKS INC	COM	48203R104	6,038	162,486	SH		SOLE		162,486	0	0
KIMCO RLTY CORP	COM	49446R109	296	12,000	SH		SOLE		12,000	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	307	13,500	SH		SOLE		13,500	0	0
LIFE STORAGE INC	COM	53223X107	211	1,500	SH		SOLE		1,500	0	0
LINCOLN NATL CORP IND	COM	534187109	4,447	68,040	SH		SOLE		68,040	0	0
LITMAN GREGORY FDS TR	IMGP DBI MANAGED	53700T827	508	17,760	SH		SOLE		17,760	0	0
LKQ CORP	COM	501889208	3,955	87,101	SH		SOLE		87,101	0	0
LOUISIANA PAC CORP	COM	546347105	7,403	119,180	SH		SOLE		119,180	0	0
LUMEN TECHNOLOGIES INC	COM	550241103	4,681	415,368	SH		SOLE		415,368	0	0
LXP INDUSTRIAL TRUST	COM	529043101	306	19,500	SH		SOLE		19,500	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	4,747	46,170	SH		SOLE		46,170	0	0
MACYS INC	COM	55616P104	5,344	219,392	SH		SOLE		219,392	0	0
MANPOWERGROUP INC WIS	COM	56418H100	3,819	40,662	SH		SOLE		40,662	0	0
MARATHON OIL CORP	COM	565849106	4,926	196,180	SH		SOLE		196,180	0	0
MARCUS & MILLICHAP INC	COM	566324109	227	4,312	SH		SOLE		4,312	0	0
MATADOR RES CO	COM	576485205	392	7,392	SH		SOLE		7,392	0	0
MATSON INC	COM	57686G105	7,833	64,940	SH		SOLE		64,940	0	0
MCKESSON CORP	COM	58155Q103	6,854	22,390	SH		SOLE		22,390	0	0
META FINL GROUP INC	COM	59100U108	267	4,866	SH		SOLE		4,866	0	0
METLIFE INC	COM	59156R108	4,759	67,716	SH		SOLE		67,716	0	0
METROPOLITAN BK HLDG CORP	COM	591774104	253	2,486	SH		SOLE		2,486	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	314	1,500	SH		SOLE		1,500	0	0
MOSAIC CO NEW	COM	61945C103	9,893	148,762	SH		SOLE		148,762	0	0
MOVADO GROUP INC	COM	624580106	246	6,292	SH		SOLE		6,292	0	0
MR COOPER GROUP INC	COM	62482R107	4,607	100,880	SH		SOLE		100,880	0	0
MUELLER INDS INC	COM	624756102	224	4,136	SH		SOLE		4,136	0	0
MYR GROUP INC DEL	COM	55405W104	271	2,882	SH		SOLE		2,882	0	0
NATIONAL RETAIL PROPERTIES I	COM	637417106	270	6,000	SH		SOLE		6,000	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	282	4,500	SH		SOLE		4,500	0	0
NEPTUNE WELLNESS SOLUTIONS I	COM	64079L105	170	762,840	SH		SOLE		762,840	0	0
NEWAGE INC	COM	650194103	370	637,680	SH		SOLE		637,680	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	5,104	106,596	SH		SOLE		106,596	0	0
NUCOR CORP	COM	670346105	9,950	66,934	SH		SOLE		66,934	0	0
OASIS PETROLEUM INC	COM NEW	674215207	7,197	49,190	SH		SOLE		49,190	0	0
OLD REP INTL CORP	COM	680223104	208	8,030	SH		SOLE		8,030	0	0
OLIN CORP	COM PAR $1	680665205	4,421	84,564	SH		SOLE		84,564	0	0
ONE LIBERTY PPTYS INC	COM	682406103	277	9,000	SH		SOLE		9,000	0	0
OVINTIV INC	COM	69047Q102	394	7,282	SH		SOLE		7,282	0	0
PACWEST BANCORP DEL	COM	695263103	5,635	130,640	SH		SOLE		130,640	0	0
PARAMOUNT GROUP INC	COM	69924R108	360	33,000	SH		SOLE		33,000	0	0
PATTERSON-UTI ENERGY INC	COM	703481101	400	25,850	SH		SOLE		25,850	0	0
PDC ENERGY INC	COM	69327R101	326	4,488	SH		SOLE		4,488	0	0
PEABODY ENGR CORP	COM	704551100	214	8,712	SH		SOLE		8,712	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	5,847	62,390	SH		SOLE		62,390	0	0
PHILIP MORRIS INTL INC	COM	718172109	958	10,200	SH		SOLE		10,200	0	0
PHOTRONICS INC	COM	719405102	205	12,056	SH		SOLE		12,056	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	258	15,000	SH		SOLE		15,000	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	211	18,238	SH		SOLE		18,238	0	0
PLYMOUTH INDL REIT INC	COM	729640102	244	9,000	SH		SOLE		9,000	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	524	21,000	SH		SOLE		21,000	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	252	1,500	SH		SOLE		1,500	0	0
PULTE GROUP INC	COM	745867101	4,283	102,222	SH		SOLE		102,222	0	0
QUANTA SVCS INC	COM	74762E102	7,484	56,862	SH		SOLE		56,862	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	4,010	29,302	SH		SOLE		29,302	0	0
REALTY INCOME CORP	COM	756109104	312	4,500	SH		SOLE		4,500	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	222	9,966	SH		SOLE		9,966	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	5,455	29,752	SH		SOLE		29,752	0	0
RESOLUTE FST PRODS INC	COM	76117W109	6,602	511,362	SH		SOLE		511,362	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	291	15,000	SH		SOLE		15,000	0	0
RETAIL VALUE INC	COM	76133Q102	142	46,500	SH		SOLE		46,500	0	0
RPT REALTY	SH BEN INT	74971D101	289	21,000	SH		SOLE		21,000	0	0
SANDERSON FARMS INC	COM	800013104	206	1,100	SH		SOLE		1,100	0	0
SANDRIDGE ENERGY INC	COM NEW	80007P869	294	18,326	SH		SOLE		18,326	0	0
SAUL CTRS INC	COM	804395101	316	6,000	SH		SOLE		6,000	0	0
SCHNITZER STEEL INDS INC	CL A	806882106	262	5,038	SH		SOLE		5,038	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	3,668	60,420	SH		SOLE		37,831	0	22,589
SCHWEITZER-MAUDUIT INTL INC	COM	808541106	3,627	131,904	SH		SOLE		131,904	0	0
SCOTTS MIRACLE-GRO CO	CL A	810186106	1,967	16,000	SH		SOLE		16,000	0	0
SINOPEC SHANGHAI PETROCHEMIC	SPON ADR H	82935M109	436	21,276	SH		SOLE		21,276	0	0
SITE CTRS CORP	COM	82981J109	301	18,000	SH		SOLE		18,000	0	0
SLM CORP	COM	78442P106	4,729	257,580	SH		SOLE		257,580	0	0
SMITH & WESSON BRANDS INC	COM	831754106	4,527	299,214	SH		SOLE		299,214	0	0
SMUCKER J M CO	COM NEW	832696405	4,672	34,506	SH		SOLE		34,506	0	0
SNAP ON INC	COM	833034101	4,094	19,926	SH		SOLE		19,926	0	0
SPARTANNASH CO	COM	847215100	201	6,094	SH		SOLE		6,094	0	0
SPDR SER TR	FTSE INT GVT ETF	78464A490	2,242	41,536	SH		SOLE		41,536	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	276	6,000	SH		SOLE		6,000	0	0
SPROUTS FMRS MKT INC	COM	85208M102	6,046	189,054	SH		SOLE		189,054	0	0
STAG INDL INC	COM	85254J102	248	6,000	SH		SOLE		6,000	0	0
STEEL DYNAMICS INC	COM	858119100	8,510	101,994	SH		SOLE		101,994	0	0
STURM RUGER & CO INC	COM	864159108	4,534	65,124	SH		SOLE		65,124	0	0
SURO CAPITAL CORP	COM NEW	86887Q109	94	10,867	SH		SOLE		10,867	0	0
SYNCHRONY FINANCIAL	COM	87165B103	3,491	100,278	SH		SOLE		100,278	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	224	4,576	SH		SOLE		4,576	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	232	13,500	SH		SOLE		13,500	0	0
TAPESTRY INC	COM	876030107	4,610	124,092	SH		SOLE		124,092	0	0
THE NECESSITY RETAIL REIT IN	COM CLASS A	02607T109	273	34,500	SH		SOLE		34,500	0	0
THE ODP CORP	COM	88337F105	4,536	98,982	SH		SOLE		98,982	0	0
TILRAY BRANDS INC	COM CL 2	88688T100	1,603	206,320	SH		SOLE		206,320	0	0
TIMKENSTEEL CORPORATION	COM	887399103	417	19,052	SH		SOLE		19,052	0	0
TOLL BROTHERS INC	COM	889478103	6,437	136,890	SH		SOLE		136,890	0	0
TRAVELCENTERS OF AMERICA INC	COM NEW	89421B109	275	6,402	SH		SOLE		6,402	0	0
TRI POINTE HOMES INC	COM	87265H109	4,261	212,220	SH		SOLE		212,220	0	0
TURNING PT BRANDS INC	COM	90041L105	955	28,080	SH		SOLE		28,080	0	0
UMH PPTYS INC	COM	903002103	295	12,000	SH		SOLE		12,000	0	0
UNITED NAT FOODS INC	COM	911163103	361	8,738	SH		SOLE		8,738	0	0
UNITED STATES STL CORP NEW	COM	912909108	5,143	136,284	SH		SOLE		136,284	0	0
UNIVERSAL CORP VA	COM	913456109	873	15,040	SH		SOLE		15,040	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	5,236	36,126	SH		SOLE		36,126	0	0
UNUM GROUP	COM	91529Y106	4,615	146,448	SH		SOLE		146,448	0	0
URBAN-GRO INC	COM NEW	91704K202	463	43,120	SH		SOLE		43,120	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	282	15,000	SH		SOLE		15,000	0	0
US BANCORP DEL	COM NEW	902973304	4,055	76,302	SH		SOLE		76,302	0	0
VALERO ENERGY CORP	COM	91913Y100	6,794	66,906	SH		SOLE		66,906	0	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	6,730	175,500	SH		SOLE		175,500	0	0
VANECK ETF TRUST	JP MRGAN EM LOC	92189H300	5,219	193,342	SH		SOLE		146,750	0	46,592
VANECK ETF TRUST	EMERGING MRKT HI	92189F353	1,516	75,200	SH		SOLE		75,200	0	0
VANECK ETF TRUST	INTERNATIONAL HI	92189F445	832	37,536	SH		SOLE		37,536	0	0
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	7,134	89,690	SH		SOLE		66,750	0	22,940
VANGUARD CHARLOTTE FDS	TOTAL INT BD ETF	92203J407	2,702	51,529	SH		SOLE		51,267	0	262
VANGUARD MUN BD FDS	TAX EXEMPT BD	922907746	903	17,517	SH		SOLE		0	0	17,517
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	5,224	83,032	SH		SOLE		83,032	0	0
VANGUARD SCOTTSDALE FDS	LONG TERM TREAS	92206C847	1,510	18,784	SH		SOLE		18,784	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	1,330	15,456	SH		SOLE		15,456	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	885	11,328	SH		SOLE		11,328	0	0
VERITIV CORP	COM	923454102	7,121	53,303	SH		SOLE		53,303	0	0
VICI PPTYS INC	COM	925652109	299	10,500	SH		SOLE		10,500	0	0
VILLAGE FARMS INTL INC	COM	92707Y108	741	140,320	SH		SOLE		140,320	0	0
VOYA FINANCIAL INC	COM	929089100	4,353	65,610	SH		SOLE		65,610	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	3,568	79,704	SH		SOLE		79,704	0	0
WARRIOR MET COAL INC	COM	93627C101	202	5,434	SH		SOLE		5,434	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	306	12,000	SH		SOLE		12,000	0	0
WEBSTER FINL CORP	COM	947890109	10,659	189,924	SH		SOLE		189,924	0	0
WESTERN UN CO	COM	959802109	3,060	163,296	SH		SOLE		163,296	0	0
WHIRLPOOL CORP	COM	963320106	4,926	28,512	SH		SOLE		28,512	0	0
WHITING PETE CORP NEW	COM NEW	966387508	303	3,718	SH		SOLE		3,718	0	0
WISDOMTREE TR	FUTRE STRAT FD	97717W125	5,210	144,898	SH		SOLE		46,086	0	98,812
WISDOMTREE TR	WISDOMTREE US VA	97717W547	210	3,411	SH		SOLE		0	0	3,411
WM TECHNOLOGY INC	COM	92971A109	596	76,160	SH		SOLE		76,160	0	0
WORTHINGTON INDS INC	COM	981811102	3,781	73,548	SH		SOLE		73,548	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	3,944	195,534	SH		SOLE		195,534	0	0
ZIONS BANCORPORATION N A	COM	989701107	5,820	88,776	SH		SOLE		88,776	0	0
ZUMIEZ INC	COM	989817101	4,333	113,400	SH		SOLE		113,400	0	0