Alaska Permanent Fund 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
ABBVIE INC	COM	00287Y109	957	12,560	SH		SOLE		12,560	0	0
ADT INC	COM	00090Q103	233	53,900	SH		SOLE		53,900	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	622	10,510	SH		SOLE		10,510	0	0
AGNC INVT CORP	COM	00123Q104	291	27,500	SH		SOLE		27,500	0	0
AIR LEASE CORP	CL A	00912X302	498	22,480	SH		SOLE		22,480	0	0
ALASKA AIR GROUP INC	COM	011659109	432	15,180	SH		SOLE		15,180	0	0
ALBEMARLE CORP	COM	012653101	884	15,690	SH		SOLE		15,690	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	855	9,520	SH		SOLE		9,520	0	0
ALLERGAN PLC	SHS	G0177J108	969	5,470	SH		SOLE		5,470	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	317	9,410	SH		SOLE		9,410	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	707	21,670	SH		SOLE		21,670	0	0
ALLSTATE CORP	COM	020002101	863	9,410	SH		SOLE		9,410	0	0
ALLY FINL INC	COM	02005N100	465	32,190	SH		SOLE		32,190	0	0
ALTRIA GROUP INC	COM	02209S103	846	21,880	SH		SOLE		21,880	0	0
AMC NETWORKS INC	CL A	00164V103	602	24,770	SH		SOLE		24,770	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	439	36,020	SH		SOLE		36,020	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	223	9,200	SH		SOLE		9,200	0	0
AMERIPRISE FINL INC	COM	03076C106	664	6,480	SH		SOLE		6,480	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	496	5,600	SH		SOLE		5,600	0	0
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	569	112,190	SH		SOLE		112,190	0	0
ANTERO MIDSTREAM CORP	COM	03676B102	337	160,610	SH		SOLE		160,610	0	0
ANTERO RESOURCES CORP	COM	03674X106	259	363,790	SH		SOLE		363,790	0	0
ARDAGH GROUP S A	CL A	L0223L101	665	56,110	SH		SOLE		56,110	0	0
ARROW ELECTRS INC	COM	042735100	662	12,760	SH		SOLE		12,760	0	0
ASSOCIATED BANC CORP	COM	045487105	619	48,400	SH		SOLE		48,400	0	0
AT&T INC	COM	00206R102	666	22,840	SH		SOLE		22,840	0	0
ATHENE HLDG LTD	CL A	G0684D107	575	23,180	SH		SOLE		23,180	0	0
BANK NEW YORK MELLON CORP	COM	064058100	609	18,090	SH		SOLE		18,090	0	0
BANK OZK	COM	06417N103	578	34,630	SH		SOLE		34,630	0	0
BANKUNITED INC	COM	06652K103	251	13,400	SH		SOLE		13,400	0	0
BERRY GLOBAL GROUP INC	COM	08579W103	789	23,400	SH		SOLE		23,400	0	0
BGC PARTNERS INC	CL A	05541T101	463	183,910	SH		SOLE		183,910	0	0
BIOGEN INC	COM	09062X103	1,088	3,440	SH		SOLE		3,440	0	0
BK OF AMERICA CORP	COM	060505104	675	31,800	SH		SOLE		31,800	0	0
BLOCK H & R INC	COM	093671105	289	20,500	SH		SOLE		20,500	0	0
BOK FINL CORP	COM NEW	05561Q201	535	12,560	SH		SOLE		12,560	0	0
BORGWARNER INC	COM	099724106	600	24,610	SH		SOLE		24,610	0	0
BRIGHTHOUSE FINL INC	COM	10922N103	622	25,720	SH		SOLE		25,720	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,097	19,680	SH		SOLE		19,680	0	0
BRUNSWICK CORP	COM	117043109	620	17,520	SH		SOLE		17,520	0	0
CABOT CORP	COM	127055101	576	22,070	SH		SOLE		22,070	0	0
CAPITAL ONE FINL CORP	COM	14040H105	536	10,630	SH		SOLE		10,630	0	0
CAPRI HOLDINGS LIMITED	SHS	G1890L107	318	29,490	SH		SOLE		29,490	0	0
CARDINAL HEALTH INC	COM	14149Y108	952	19,850	SH		SOLE		19,850	0	0
CARNIVAL CORP	UNIT 99/99/999	143658300	297	22,580	SH		SOLE		22,580	0	0
CATERPILLAR INC DEL	COM	149123101	823	7,090	SH		SOLE		7,090	0	0
CELANESE CORP DEL	COM	150870103	286	3,900	SH		SOLE		3,900	0	0
CENTENE CORP DEL	COM	15135B101	1,132	19,050	SH		SOLE		19,050	0	0
CENTURYLINK INC	COM	156700106	730	77,170	SH		SOLE		77,170	0	0
CERENCE INC	COM	156727109	459	29,800	SH		SOLE		29,800	0	0
CHANGE HEALTHCARE INC	COM	15912K100	653	65,400	SH		SOLE		65,400	0	0
CHEMOURS CO	COM	163851108	560	63,080	SH		SOLE		63,080	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	170	979,910	SH		SOLE		979,910	0	0
CHIMERA INVT CORP	COM NEW	16934Q208	459	50,420	SH		SOLE		50,420	0	0
CIGNA CORP NEW	COM	125523100	987	5,570	SH		SOLE		5,570	0	0
CIMAREX ENERGY CO	COM	171798101	372	22,080	SH		SOLE		22,080	0	0
CIT GROUP INC	COM NEW	125581801	390	22,580	SH		SOLE		22,580	0	0
CITIGROUP INC	COM NEW	172967424	584	13,870	SH		SOLE		13,870	0	0
CITIZENS FINANCIAL GROUP INC	COM	174610105	513	27,250	SH		SOLE		27,250	0	0
CNA FINL CORP	COM	126117100	335	10,800	SH		SOLE		10,800	0	0
COLONY CAP INC NEW	CL A COM	19626G108	302	172,390	SH		SOLE		172,390	0	0
COMERICA INC	COM	200340107	437	14,890	SH		SOLE		14,890	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	641	70,390	SH		SOLE		70,390	0	0
COPA HOLDINGS SA	CL A	P31076105	445	9,820	SH		SOLE		9,820	0	0
CUMMINS INC	COM	231021106	794	5,870	SH		SOLE		5,870	0	0
CVS HEALTH CORP	COM	126650100	883	14,890	SH		SOLE		14,890	0	0
D R HORTON INC	COM	23331A109	299	8,800	SH		SOLE		8,800	0	0
DAVITA INC	COM	23918K108	1,008	13,250	SH		SOLE		13,250	0	0
DBX ETF TR	XTRACK HRVST C	233051879	204,805	7,910,596	SH		SOLE		7,910,596	0	0
DELL TECHNOLOGIES INC	CL C	24703L202	388	9,800	SH		SOLE		9,800	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	517	18,120	SH		SOLE		18,120	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	313	11,940	SH		SOLE		11,940	0	0
DISCOVER FINL SVCS	COM	254709108	437	12,250	SH		SOLE		12,250	0	0
DISCOVERY INC	COM SER A	25470F104	680	34,960	SH		SOLE		34,960	0	0
DOMTAR CORP	COM NEW	257559203	589	27,240	SH		SOLE		27,240	0	0
DXC TECHNOLOGY CO	COM	23355L106	422	32,340	SH		SOLE		32,340	0	0
E TRADE FINANCIAL CORP	COM NEW	269246401	803	23,390	SH		SOLE		23,390	0	0
EAST WEST BANCORP INC	COM	27579R104	584	22,680	SH		SOLE		22,680	0	0
EASTMAN CHEM CO	COM	277432100	622	13,360	SH		SOLE		13,360	0	0
ELEMENT SOLUTIONS INC	COM	28618M106	357	42,700	SH		SOLE		42,700	0	0
EQUITABLE HLDGS INC	COM	29452E101	634	43,850	SH		SOLE		43,850	0	0
EQUITRANS MIDSTREAM CORP	COM	294600101	419	83,370	SH		SOLE		83,370	0	0
EVERCORE INC	CLASS A	29977A105	625	13,560	SH		SOLE		13,560	0	0
F N B CORP	COM	302520101	617	83,720	SH		SOLE		83,720	0	0
FIFTH THIRD BANCORP	COM	316773100	511	34,430	SH		SOLE		34,430	0	0
FIRST HORIZON NATL CORP	COM	320517105	507	62,960	SH		SOLE		62,960	0	0
FOOT LOCKER INC	COM	344849104	546	24,780	SH		SOLE		24,780	0	0
FORD MTR CO DEL	COM	345370860	554	114,610	SH		SOLE		114,610	0	0
FRANKLIN RESOURCES INC	COM	354613101	627	37,540	SH		SOLE		37,540	0	0
FRANKLIN TEMPLETON ETF TR	FTSE JAPAN ETF	35473P744	7,529	346,300	SH		SOLE		346,300	0	0
GAP INC	COM	364760108	427	60,620	SH		SOLE		60,620	0	0
GATES INDUSTRIAL CORPRATIN P	ORD SHS	G39108108	568	76,900	SH		SOLE		76,900	0	0
GENERAL MTRS CO	COM	37045V100	580	27,930	SH		SOLE		27,930	0	0
GILEAD SCIENCES INC	COM	375558103	1,189	15,900	SH		SOLE		15,900	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	720	4,660	SH		SOLE		4,660	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	375	64,390	SH		SOLE		64,390	0	0
GRAFTECH INTL LTD	COM	384313508	660	81,270	SH		SOLE		81,270	0	0
HANESBRANDS INC	COM	410345102	530	67,400	SH		SOLE		67,400	0	0
HARLEY DAVIDSON INC	COM	412822108	510	26,920	SH		SOLE		26,920	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	520	14,760	SH		SOLE		14,760	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	620	63,870	SH		SOLE		63,870	0	0
HOLLYFRONTIER CORP	COM	436106108	471	19,220	SH		SOLE		19,220	0	0
HP INC	COM	40434L105	941	54,190	SH		SOLE		54,190	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	566	68,960	SH		SOLE		68,960	0	0
HUNTSMAN CORP	COM	447011107	638	44,240	SH		SOLE		44,240	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	853	7,690	SH		SOLE		7,690	0	0
INTERNATIONAL GAME TECHNOLOG	SHS USD	G4863A108	436	73,210	SH		SOLE		73,210	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	338	20,900	SH		SOLE		20,900	0	0
INTL PAPER CO	COM	460146103	719	23,090	SH		SOLE		23,090	0	0
INVESCO LTD	SHS	G491BT108	540	59,520	SH		SOLE		59,520	0	0
ISHARES INC	MSCI STH KOR E	464286772	3,284	70,000	SH		SOLE		70,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	10,118	250,000	SH		SOLE		250,000	0	0
ISHARES INC	MSCI GBL ETF N	46434G848	4,933	255,600	SH		SOLE		255,600	0	0
ISHARES TR	CORE S&P TTL S	464287150	11,442	200,000	SH		SOLE		200,000	0	0
ISHARES TR	RUS 2000 VAL E	464287630	196,011	2,389,509	SH		SOLE		2,389,509	0	0
ISHARES TR	IBOXX HI YD ET	464288513	103,719	1,345,775	SH		SOLE		1,345,775	0	0
ISHARES TR	IBOXX HI YD ET	464288513	17,726	230,000	SH		SOLE		230,000	0	0
ISHARES TR	IBOXX HI YD ET	464288513	200,731	2,604,532	SH		SOLE		2,604,532	0	0
ISHARES TR	MSCI EURO FL E	464289180	3,458	276,012	SH		SOLE		276,012	0	0
ISHARES TR	MSCI CHINA ETF	46429B671	3,721	65,000	SH		SOLE		65,000	0	0
ISHARES TR	MSCI CHINA ETF	46429B671	320,258	5,594,031	SH		SOLE		5,594,031	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	14,967	300,000	SH		SOLE		300,000	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	531,925	10,661,955	SH		SOLE		10,661,955	0	0
ISHARES TR	BROAD USD HIGH	46435U853	1,775	50,000	SH		SOLE		50,000	0	0
ISHARES TR	BROAD USD HIGH	46435U853	160,120	4,510,410	SH		SOLE		4,510,410	0	0
JABIL INC	COM	466313103	556	22,640	SH		SOLE		22,640	0	0
JANUS HENDERSON GROUP PLC	ORD SHS	G4474Y214	656	42,830	SH		SOLE		42,830	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	737	7,390	SH		SOLE		7,390	0	0
JETBLUE AWYS CORP	COM	477143101	486	54,260	SH		SOLE		54,260	0	0
KEYCORP	COM	493267108	558	53,780	SH		SOLE		53,780	0	0
KOHLS CORP	COM	500255104	297	20,340	SH		SOLE		20,340	0	0
KRAFT HEINZ CO	COM	500754106	837	33,830	SH		SOLE		33,830	0	0
KRANESHARES TR	CSI CHI INTERN	500767306	256,968	5,676,348	SH		SOLE		5,676,348	0	0
KROGER CO	COM	501044101	1,002	33,270	SH		SOLE		33,270	0	0
L BRANDS INC	COM	501797104	665	57,490	SH		SOLE		57,490	0	0
LAZARD LTD	SHS A	G54050102	637	27,030	SH		SOLE		27,030	0	0
LEAR CORP	COM NEW	521865204	683	8,400	SH		SOLE		8,400	0	0
LEGG MASON INC	COM	524901105	1,335	27,330	SH		SOLE		27,330	0	0
LENNAR CORP	CL A	526057104	665	17,410	SH		SOLE		17,410	0	0
LINCOLN NATL CORP IND	COM	534187109	447	17,000	SH		SOLE		17,000	0	0
LIONS GATE ENTMNT CORP	CL B NON VTG	535919500	690	123,690	SH		SOLE		123,690	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	552	11,130	SH		SOLE		11,130	0	0
MACYS INC	COM	55616P104	327	66,510	SH		SOLE		66,510	0	0
MANPOWERGROUP INC	COM	56418H100	590	11,140	SH		SOLE		11,140	0	0
MARATHON PETE CORP	COM	56585A102	385	16,290	SH		SOLE		16,290	0	0
MCKESSON CORP	COM	58155Q103	973	7,190	SH		SOLE		7,190	0	0
MEDNAX INC	COM	58502B106	489	42,040	SH		SOLE		42,040	0	0
METLIFE INC	COM	59156R108	647	21,160	SH		SOLE		21,160	0	0
MFA FINL INC	COM	55272X102	96	61,700	SH		SOLE		61,700	0	0
MGIC INVT CORP WIS	COM	552848103	467	73,610	SH		SOLE		73,610	0	0
MOLINA HEALTHCARE INC	COM	60855R100	1,146	8,200	SH		SOLE		8,200	0	0
MORGAN STANLEY	COM NEW	617446448	730	21,470	SH		SOLE		21,470	0	0
MYLAN NV	SHS EURO	N59465109	797	53,440	SH		SOLE		53,440	0	0
NAVIENT CORPORATION	COM	63938C108	562	74,110	SH		SOLE		74,110	0	0
NCR CORP NEW	COM	62886E108	584	33,020	SH		SOLE		33,020	0	0
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	324	64,680	SH		SOLE		64,680	0	0
NEWELL BRANDS INC	COM	651229106	711	53,550	SH		SOLE		53,550	0	0
NEXSTAR MEDIA GROUP INC	CL A	65336K103	573	9,930	SH		SOLE		9,930	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	633	50,500	SH		SOLE		50,500	0	0
NORDSTROM INC	COM	655664100	426	27,750	SH		SOLE		27,750	0	0
NORWEGIAN CRUISE LINE HLDG L	SHS	G66721104	211	19,240	SH		SOLE		19,240	0	0
NRG ENERGY INC	COM NEW	629377508	701	25,710	SH		SOLE		25,710	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	269	12,300	SH		SOLE		12,300	0	0
O-I GLASS INC	COM	67098H104	746	104,970	SH		SOLE		104,970	0	0
ONEMAIN HLDGS INC	COM	68268W103	480	25,120	SH		SOLE		25,120	0	0
OSHKOSH CORP	COM	688239201	756	11,750	SH		SOLE		11,750	0	0
PACWEST BANCORP DEL	COM	695263103	490	27,330	SH		SOLE		27,330	0	0
PARSLEY ENERGY INC	CL A	701877102	306	53,460	SH		SOLE		53,460	0	0
PBF ENERGY INC	CL A	69318G106	197	27,880	SH		SOLE		27,880	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	573	20,450	SH		SOLE		20,450	0	0
PG&E CORP	COM	69331C108	1,183	131,620	SH		SOLE		131,620	0	0
PHILLIPS 66	COM	718546104	489	9,110	SH		SOLE		9,110	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	627	16,710	SH		SOLE		16,710	0	0
POPULAR INC	COM NEW	733174700	634	18,120	SH		SOLE		18,120	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	587	18,720	SH		SOLE		18,720	0	0
PROSHARES TR	PSHS ULT SEMIC	74347R669	325	8,500	SH		SOLE		8,500	0	0
PRUDENTIAL FINL INC	COM	744320102	575	11,030	SH		SOLE		11,030	0	0
PULTE GROUP INC	COM	745867101	583	26,120	SH		SOLE		26,120	0	0
PVH CORPORATION	COM	693656100	412	10,940	SH		SOLE		10,940	0	0
QUANTA SVCS INC	COM	74762E102	374	11,800	SH		SOLE		11,800	0	0
QURATE RETAIL INC	COM SER A	74915M100	602	98,530	SH		SOLE		98,530	0	0
RANGE RES CORP	COM	75281A109	558	244,880	SH		SOLE		244,880	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	729	11,540	SH		SOLE		11,540	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	552	61,560	SH		SOLE		61,560	0	0
RESIDEO TECHNOLOGIES INC	COM	76118Y104	468	96,620	SH		SOLE		96,620	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	280	8,710	SH		SOLE		8,710	0	0
RYDER SYS INC	COM	783549108	533	20,150	SH		SOLE		20,150	0	0
SANTANDER CONSUMER USA HDG I	COM	80283M101	580	41,680	SH		SOLE		41,680	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	2,657	30,000	SH		SOLE		30,000	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	241,628	2,727,799	SH		SOLE		2,727,799	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	71,783	731,886	SH		SOLE		731,886	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	287,727	13,819,755	SH		SOLE		13,819,755	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	137,020	2,321,976	SH		SOLE		2,321,976	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	318,528	3,963,267	SH		SOLE		3,963,267	0	0
SELECT SECTOR SPDR TR	COMMUNICATION	81369Y852	217,037	4,905,891	SH		SOLE		4,905,891	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	651	8,100	SH		SOLE		8,100	0	0
SLM CORP	COM	78442P106	844	117,430	SH		SOLE		117,430	0	0
SOUTHWEST AIRLS CO	COM	844741108	313	8,800	SH		SOLE		8,800	0	0
SPDR SER TR	S&P BK ETF	78464A797	3,882	144,000	SH		SOLE		144,000	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	1,686	51,250	SH		SOLE		51,250	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	72,739	2,210,923	SH		SOLE		2,210,923	0	0
SPDR SER TR	RUSSELL LOW VO	78468R754	349,480	5,615,674	SH		SOLE		5,615,674	0	0
SPDR SER TR	RUSSELL MOMENT	78468R762	238,699	4,334,468	SH		SOLE		4,334,468	0	0
SPDR SER TR	RUSSELL YIELD	78468R770	270,588	5,617,235	SH		SOLE		5,617,235	0	0
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	136	5,700	SH		SOLE		5,700	0	0
STATE STR CORP	COM	857477103	772	14,490	SH		SOLE		14,490	0	0
STEEL DYNAMICS INC	COM	858119100	715	31,710	SH		SOLE		31,710	0	0
STERLING BANCORP DEL	COM	85917A100	521	49,810	SH		SOLE		49,810	0	0
SVB FINANCIAL GROUP	COM	78486Q101	689	4,560	SH		SOLE		4,560	0	0
SYNCHRONY FINL	COM	87165B103	455	28,250	SH		SOLE		28,250	0	0
SYNNEX CORP	COM	87162W100	615	8,410	SH		SOLE		8,410	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	491	27,950	SH		SOLE		27,950	0	0
TAPESTRY INC	COM	876030107	510	39,370	SH		SOLE		39,370	0	0
TCF FINANCIAL CORPORATION NE	COM	872307103	555	24,510	SH		SOLE		24,510	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	388	17,520	SH		SOLE		17,520	0	0
TEXTRON INC	COM	883203101	288	10,800	SH		SOLE		10,800	0	0
THOR INDS INC	COM	885160101	662	15,700	SH		SOLE		15,700	0	0
TIMKEN CO	COM	887389104	655	20,260	SH		SOLE		20,260	0	0
TOLL BROTHERS INC	COM	889478103	493	25,610	SH		SOLE		25,610	0	0
TWO HBRS INVT CORP	COM NEW	90187B408	234	61,460	SH		SOLE		61,460	0	0
UMPQUA HLDGS CORP	COM	904214103	669	61,360	SH		SOLE		61,360	0	0
UNITED AIRLS HLDGS INC	COM	910047109	361	11,430	SH		SOLE		11,430	0	0
UNITED RENTALS INC	COM	911363109	740	7,190	SH		SOLE		7,190	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	1,085	11,440	SH		SOLE		11,440	0	0
UNUM GROUP	COM	91529Y106	526	35,040	SH		SOLE		35,040	0	0
URBAN OUTFITTERS INC	COM	917047102	520	36,530	SH		SOLE		36,530	0	0
VALERO ENERGY CORP	COM	91913Y100	491	10,830	SH		SOLE		10,830	0	0
VANECK VECTORS ETF TR	GOLD MINERS ET	92189F106	5,760	250,000	SH		SOLE		250,000	0	0
VANECK VECTORS ETF TR	GOLD MINERS ET	92189F106	127,506	5,534,123	SH		SOLE		5,534,123	0	0
VANECK VECTORS ETF TR	SEMICONDUCTOR	92189F676	305,904	2,611,438	SH		SOLE		2,611,438	0	0
VANECK VECTORS ETF TR	JR GOLD MINERS	92189F791	113,303	4,032,149	SH		SOLE		4,032,149	0	0
VANGUARD INDEX FDS	S&P 500 ETF SH	922908363	502,461	2,121,699	SH		SOLE		2,121,699	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT E	922042858	230,132	6,859,367	SH		SOLE		6,859,367	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	4,586	120,000	SH		SOLE		120,000	0	0
VIACOMCBS INC	CL B	92556H206	588	42,003	SH		SOLE		42,003	0	0
VIR BIOTECHNOLOGY INC	COM	92764N102	51,405	1,500,000	SH		SOLE		1,500,000	0	0
VISTRA ENERGY CORP	COM	92840M102	319	20,000	SH		SOLE		20,000	0	0
VOYA FINANCIAL INC	COM	929089100	739	18,220	SH		SOLE		18,220	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	820	17,920	SH		SOLE		17,920	0	0
WELLS FARGO CO NEW	COM	949746101	555	19,340	SH		SOLE		19,340	0	0
WESCO INTL INC	COM	95082P105	447	19,550	SH		SOLE		19,550	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	608	19,850	SH		SOLE		19,850	0	0
WESTERN DIGITAL CORP.	COM	958102105	383	9,200	SH		SOLE		9,200	0	0
WESTROCK CO	COM	96145D105	750	26,530	SH		SOLE		26,530	0	0
WHIRLPOOL CORP	COM	963320106	573	6,680	SH		SOLE		6,680	0	0
WINTRUST FINL CORP	COM	97650W108	499	15,190	SH		SOLE		15,190	0	0
WYNDHAM DESTINATIONS INC	COM	98310W108	464	21,370	SH		SOLE		21,370	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	554	29,270	SH		SOLE		29,270	0	0
ZIONS BANCORPORATION N A	COM	989701107	561	20,960	SH		SOLE		20,960	0	0