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
ARCH CAP GROUP LTD	ORD	G0450A105	2,463	64,500	SH		SOLE		64,500	0	0
ATHENE HOLDING LTD	CL A	G0684D107	2,782	40,400	SH		SOLE		40,400	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	2,219	48,200	SH		SOLE		48,200	0	0
BUNGE LIMITED	COM	G16962105	2,318	28,500	SH		SOLE		28,500	0	0
EVEREST RE GROUP LTD	COM	G3223R108	2,458	9,800	SH		SOLE		9,800	0	0
HERBALIFE NUTRITION LTD	COM SHS	G4412G101	1,983	46,800	SH		SOLE		46,800	0	0
INVESCO LTD	SHS	G491BT108	2,098	87,000	SH		SOLE		87,000	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	1,901	14,600	SH		SOLE		14,600	0	0
LAZARD LTD	SHS A	G54050102	2,446	53,400	SH		SOLE		53,400	0	0
RENAISSANCERE HLDGS LTD	COM	G7496G103	2,370	17,000	SH		SOLE		17,000	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,027	21,600	SH		SOLE		21,600	0	0
ADT INC DEL	COM	00090Q103	1,947	240,700	SH		SOLE		240,700	0	0
AFLAC INC	COM	001055102	2,315	44,400	SH		SOLE		44,400	0	0
AGNC INVT CORP	COM	00123Q104	2,149	136,300	SH		SOLE		136,300	0	0
AT&T INC	COM	00206R102	2,350	87,000	SH		SOLE		87,000	0	0
ABBVIE INC	COM	00287Y109	2,438	22,600	SH		SOLE		22,600	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	2,312	15,300	SH		SOLE		15,300	0	0
AGIOS PHARMACEUTICALS INC	COM	00847X104	2,063	44,700	SH		SOLE		44,700	0	0
AIR LEASE CORP	CL A	00912X302	2,132	54,200	SH		SOLE		54,200	0	0
ALBERTSONS COS INC	COMMON STOCK	013091103	3,982	127,900	SH		SOLE		127,900	0	0
ALLEGHANY CORP MD	COM	017175100	2,248	3,600	SH		SOLE		3,600	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	2,119	21,000	SH		SOLE		21,000	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	2,116	59,900	SH		SOLE		59,900	0	0
ALLSTATE CORP	COM	020002101	2,368	18,600	SH		SOLE		18,600	0	0
ALLY FINL INC	COM	02005N100	2,348	46,000	SH		SOLE		46,000	0	0
ALTRIA GROUP INC	COM	02209S103	2,322	51,000	SH		SOLE		51,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	2,613	47,600	SH		SOLE		47,600	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	2,592	21,700	SH		SOLE		21,700	0	0
AMERIPRISE FINL INC	COM	03076C106	2,562	9,700	SH		SOLE		9,700	0	0
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	2,268	269,300	SH		SOLE		269,300	0	0
ANTERO MIDSTREAM CORP	COM	03676B102	2,606	250,100	SH		SOLE		250,100	0	0
APA CORPORATION	COM	03743Q108	2,321	108,300	SH		SOLE		108,300	0	0
ARROW ELECTRS INC	COM	042735100	2,347	20,900	SH		SOLE		20,900	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	1,837	30,590	SH		SOLE		30,590	0	0
AUTONATION INC	COM	05329W102	3,056	25,100	SH		SOLE		25,100	0	0
AVNET INC	COM	053807103	2,141	57,900	SH		SOLE		57,900	0	0
BOK FINL CORP	COM NEW	05561Q201	2,507	28,000	SH		SOLE		28,000	0	0
BANK NEW YORK MELLON CORP	COM	064058100	2,530	48,800	SH		SOLE		48,800	0	0
BANK OZK	COM	06417N103	2,497	58,100	SH		SOLE		58,100	0	0
BATH & BODY WORKS INC	COM	070830104	2,414	38,300	SH		SOLE		38,300	0	0
BERRY GLOBAL GROUP INC	COM	08579W103	2,253	37,000	SH		SOLE		37,000	0	0
BLOCK H & R INC	COM	093671105	2,550	102,000	SH		SOLE		102,000	0	0
BORGWARNER INC	COM	099724106	2,027	46,900	SH		SOLE		46,900	0	0
BRIGHTHOUSE FINL INC	COM	10922N103	2,370	52,400	SH		SOLE		52,400	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,308	39,000	SH		SOLE		39,000	0	0
BRUNSWICK CORP	COM	117043109	2,477	26,000	SH		SOLE		26,000	0	0
CIGNA CORP NEW	COM	125523100	1,962	9,800	SH		SOLE		9,800	0	0
CNA FINL CORP	COM	126117100	2,228	53,100	SH		SOLE		53,100	0	0
CVS HEALTH CORP	COM	126650100	2,486	29,300	SH		SOLE		29,300	0	0
CABOT CORP	COM	127055101	1,980	39,500	SH		SOLE		39,500	0	0
CABOT OIL & GAS CORP	COM	127097103	3,275	150,500	SH		SOLE		150,500	0	0
CAPITAL ONE FINL CORP	COM	14040H105	2,462	15,200	SH		SOLE		15,200	0	0
CARDINAL HEALTH INC	COM	14149Y108	2,226	45,000	SH		SOLE		45,000	0	0
CELANESE CORP DEL	COM	150870103	2,290	15,200	SH		SOLE		15,200	0	0
CENTENE CORP DEL	COM	15135B101	2,193	35,200	SH		SOLE		35,200	0	0
CHEMOURS CO	COM	163851108	1,979	68,100	SH		SOLE		68,100	0	0
CIMAREX ENERGY CO	COM	171798101	3,078	35,300	SH		SOLE		35,300	0	0
CITIGROUP INC	COM NEW	172967424	2,246	32,000	SH		SOLE		32,000	0	0
CITIZENS FINL GROUP INC	COM	174610105	2,382	50,700	SH		SOLE		50,700	0	0
CODIAK BIOSCIENCES INC	COM	192010106	16,007	980,194	SH		SOLE		980,194	0	0
COMERICA INC	COM	200340107	2,624	32,600	SH		SOLE		32,600	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	1,661	122,200	SH		SOLE		122,200	0	0
CREDIT ACCEP CORP MICH	COM	225310101	3,804	6,500	SH		SOLE		6,500	0	0
DBX ETF TR	XTRACK HRVST C	233051879	306	8,034	SH		SOLE		8,034	0	0
D R HORTON INC	COM	23331A109	2,334	27,800	SH		SOLE		27,800	0	0
DXC TECHNOLOGY CO	COM	23355L106	2,141	63,700	SH		SOLE		63,700	0	0
DELL TECHNOLOGIES INC	CL C	24703L202	2,591	24,900	SH		SOLE		24,900	0	0
DEVON ENERGY CORP NEW	COM	25179M103	2,866	80,700	SH		SOLE		80,700	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	2,774	29,300	SH		SOLE		29,300	0	0
DICKS SPORTING GOODS INC	COM	253393102	3,138	26,200	SH		SOLE		26,200	0	0
DISCOVERY INC	COM SER A	25470F104	2,025	79,800	SH		SOLE		79,800	0	0
DISCOVER FINL SVCS	COM	254709108	2,543	20,700	SH		SOLE		20,700	0	0
DOW INC	COM	260557103	2,061	35,800	SH		SOLE		35,800	0	0
EAST WEST BANCORP INC	COM	27579R104	2,652	34,200	SH		SOLE		34,200	0	0
EDISON INTL	COM	281020107	2,491	44,900	SH		SOLE		44,900	0	0
ENERGIZER HLDGS INC NEW	COM	29272W109	2,175	55,700	SH		SOLE		55,700	0	0
EQUITABLE HLDGS INC	COM	29452E101	2,362	79,700	SH		SOLE		79,700	0	0
EQUITRANS MIDSTREAM CORP	COM	294600101	2,860	282,100	SH		SOLE		282,100	0	0
EVERCORE INC	CLASS A	29977A105	2,379	17,800	SH		SOLE		17,800	0	0
F N B CORP	COM	302520101	2,208	190,000	SH		SOLE		190,000	0	0
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	2,448	54,000	SH		SOLE		54,000	0	0
FIFTH THIRD BANCORP	COM	316773100	2,559	60,300	SH		SOLE		60,300	0	0
FIRST AMERN FINL CORP	COM	31847R102	2,655	39,600	SH		SOLE		39,600	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	2,445	2,900	SH		SOLE		2,900	0	0
FIRST HORIZON CORPORATION	COM	320517105	2,168	133,100	SH		SOLE		133,100	0	0
FOOT LOCKER INC	COM	344849104	1,858	40,700	SH		SOLE		40,700	0	0
FORD MTR CO DEL	COM	345370860	2,232	157,600	SH		SOLE		157,600	0	0
FRANKLIN RESOURCES INC	COM	354613101	2,131	71,700	SH		SOLE		71,700	0	0
FRANKLIN TEMPLETON ETF TR	FTSE JAPAN ETF	35473P744	11,893	385,000	SH		SOLE		385,000	0	0
GENERAL MTRS CO	COM	37045V100	2,129	40,400	SH		SOLE		40,400	0	0
GILEAD SCIENCES INC	COM	375558103	2,661	38,100	SH		SOLE		38,100	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	2,457	6,500	SH		SOLE		6,500	0	0
GRAFTECH INTL LTD	COM	384313508	2,012	195,000	SH		SOLE		195,000	0	0
GRAPHIC PACKAGING HLDG CO	COM	388689101	2,656	139,500	SH		SOLE		139,500	0	0
HP INC	COM	40434L105	2,312	84,500	SH		SOLE		84,500	0	0
HANESBRANDS INC	COM	410345102	2,246	130,900	SH		SOLE		130,900	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	2,726	38,800	SH		SOLE		38,800	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	2,283	160,200	SH		SOLE		160,200	0	0
HOLOGIC INC	COM	436440101	3,093	41,900	SH		SOLE		41,900	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	2,492	161,200	SH		SOLE		161,200	0	0
HUNTSMAN CORP	COM	447011107	2,666	90,100	SH		SOLE		90,100	0	0
INTEL CORP	COM	458140100	2,382	44,700	SH		SOLE		44,700	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,431	17,500	SH		SOLE		17,500	0	0
INTERNATIONAL PAPER CO	COM	460146103	2,198	39,300	SH		SOLE		39,300	0	0
ISHARES INC	MSCI BRAZIL ET	464286400	19,978	621,791	SH		SOLE		621,791	0	0
ISHARES TR	CORE S&P TTL S	464287150	2,951	30,000	SH		SOLE		30,000	0	0
ISHARES TR	RUS 1000 VAL E	464287598	87,595	559,675	SH		SOLE		559,675	0	0
ISHARES TR	RUS 1000 VAL E	464287598	452,551	2,891,513	SH		SOLE		2,891,513	0	0
ISHARES TR	RUS 2000 VAL E	464287630	48,033	299,774	SH		SOLE		299,774	0	0
ISHARES TR	RUS 2000 VAL E	464287630	338,476	2,112,437	SH		SOLE		2,112,437	0	0
ISHARES TR	EAFE SML CP ET	464288273	58,869	791,150	SH		SOLE		791,150	0	0
ISHARES TR	IBOXX HI YD ET	464288513	68	775	SH		SOLE		775	0	0
ISHARES TR	IBOXX HI YD ET	464288513	225,683	2,579,532	SH		SOLE		2,579,532	0	0
ISHARES TR	IBOXX HI YD ET	464288513	2,625	30,000	SH		SOLE		30,000	0	0
ISHARES TR	MSCI EURO FL E	464289180	65,955	3,361,622	SH		SOLE		3,361,622	0	0
ISHARES TR	MSCI EURO FL E	464289180	2,158	110,000	SH		SOLE		110,000	0	0
ISHARES TR	MSCI CHINA ETF	46429B671	673	9,962	SH		SOLE		9,962	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	516,420	6,955,156	SH		SOLE		6,955,156	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	18,266	246,000	SH		SOLE		246,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	7,349	119,000	SH		SOLE		119,000	0	0
ISHARES INC	MSCI JPN ETF N	46434G822	75,712	1,077,758	SH		SOLE		1,077,758	0	0
ISHARES INC	MSCI GBL ETF N	46434G848	13,050	320,000	SH		SOLE		320,000	0	0
ISHARES TR	MSCI UK ETF NE	46435G334	1,935	60,000	SH		SOLE		60,000	0	0
ISHARES TR	BROAD USD HIGH	46435U853	239,057	5,760,410	SH		SOLE		5,760,410	0	0
ISHARES TR	BROAD USD HIGH	46435U853	2,075	50,000	SH		SOLE		50,000	0	0
ISHARES GOLD TR	SHARES REPRESE	46436F103	186,090	10,601,000	SH		SOLE		10,601,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	2,504	15,300	SH		SOLE		15,300	0	0
JABIL INC	COM	466313103	2,609	44,700	SH		SOLE		44,700	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	2,948	79,400	SH		SOLE		79,400	0	0
KEMPER CORP	COM	488401100	2,331	34,900	SH		SOLE		34,900	0	0
KEYCORP	COM	493267108	2,400	111,000	SH		SOLE		111,000	0	0
KNIGHT-SWIFT TRANSN HLDGS IN	CL A	499049104	2,737	53,500	SH		SOLE		53,500	0	0
KOHLS CORP	COM	500255104	2,241	47,600	SH		SOLE		47,600	0	0
KRANESHARES TR	CSI CHI INTERN	500767306	24,623	520,348	SH		SOLE		520,348	0	0
LEAR CORP	COM NEW	521865204	1,956	12,500	SH		SOLE		12,500	0	0
LENNAR CORP	CL A	526057104	2,501	26,700	SH		SOLE		26,700	0	0
LINCOLN NATL CORP IND	COM	534187109	2,468	35,900	SH		SOLE		35,900	0	0
LOEWS CORP	COM	540424108	2,357	43,700	SH		SOLE		43,700	0	0
LUMEN TECHNOLOGIES INC	COM	550241103	2,117	170,900	SH		SOLE		170,900	0	0
M & T BK CORP	COM	55261F104	2,345	15,700	SH		SOLE		15,700	0	0
MGIC INVT CORP WIS	COM	552848103	2,617	174,900	SH		SOLE		174,900	0	0
MCKESSON CORP	COM	58155Q103	2,612	13,100	SH		SOLE		13,100	0	0
MERCK & CO INC	COM	58933Y105	2,561	34,100	SH		SOLE		34,100	0	0
METLIFE INC	COM	59156R108	2,364	38,300	SH		SOLE		38,300	0	0
MICRON TECHNOLOGY INC	COM	595112103	2,165	30,500	SH		SOLE		30,500	0	0
MODERNA INC	COM	60770K107	4,926	12,800	SH		SOLE		12,800	0	0
MOSAIC CO NEW	COM	61945C103	2,433	68,100	SH		SOLE		68,100	0	0
NRG ENERGY INC	COM NEW	629377508	3,042	74,500	SH		SOLE		74,500	0	0
NATIONAL FUEL GAS CO	COM	636180101	2,484	47,300	SH		SOLE		47,300	0	0
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	2,608	237,100	SH		SOLE		237,100	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	2,707	210,300	SH		SOLE		210,300	0	0
NEXSTAR MEDIA GROUP INC	CL A	65336K103	2,614	17,200	SH		SOLE		17,200	0	0
NUCOR CORP	COM	670346105	2,305	23,400	SH		SOLE		23,400	0	0
OLD REP INTL CORP	COM	680223104	2,244	97,000	SH		SOLE		97,000	0	0
OLIN CORP	COM PAR $1	680665205	2,456	50,900	SH		SOLE		50,900	0	0
ONEMAIN HLDGS INC	COM	68268W103	2,368	42,800	SH		SOLE		42,800	0	0
OWENS CORNING NEW	COM	690742101	2,069	24,200	SH		SOLE		24,200	0	0
PG&E CORP	COM	69331C108	2,341	243,900	SH		SOLE		243,900	0	0
PACWEST BANCORP DEL	COM	695263103	2,547	56,200	SH		SOLE		56,200	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	3,088	30,700	SH		SOLE		30,700	0	0
PFIZER INC	COM	717081103	2,796	65,000	SH		SOLE		65,000	0	0
PILGRIMS PRIDE CORP	COM	72147K108	3,129	107,600	SH		SOLE		107,600	0	0
PIONEER NAT RES CO	COM	723787107	2,481	14,900	SH		SOLE		14,900	0	0
POLARIS INC	COM	731068102	2,417	20,200	SH		SOLE		20,200	0	0
POPULAR INC	COM NEW	733174700	2,416	31,100	SH		SOLE		31,100	0	0
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	2,492	38,700	SH		SOLE		38,700	0	0
PRUDENTIAL FINL INC	COM	744320102	2,472	23,500	SH		SOLE		23,500	0	0
PULTE GROUP INC	COM	745867101	2,062	44,900	SH		SOLE		44,900	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	2,877	19,800	SH		SOLE		19,800	0	0
QUIDEL CORP	COM	74838J101	3,359	23,800	SH		SOLE		23,800	0	0
QURATE RETAIL INC	COM SER A	74915M100	1,924	188,800	SH		SOLE		188,800	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	3,026	5,000	SH		SOLE		5,000	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	2,376	111,500	SH		SOLE		111,500	0	0
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	2,214	19,900	SH		SOLE		19,900	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	2,108	14,800	SH		SOLE		14,800	0	0
ROCKET COS INC	COM CL A	77311W101	2,053	128,000	SH		SOLE		128,000	0	0
SLM CORP	COM	78442P106	2,225	126,400	SH		SOLE		126,400	0	0
SPDR SER TR	S&P BK ETF	78464A797	29,101	550,000	SH		SOLE		550,000	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	11,227	116,080	SH		SOLE		116,080	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	91,816	949,301	SH		SOLE		949,301	0	0
SPDR SER TR	RUSSELL LOW VO	78468R754	456,823	4,421,863	SH		SOLE		4,421,863	0	0
SPDR SER TR	RUSSELL MOMENT	78468R762	265,783	2,713,457	SH		SOLE		2,713,457	0	0
SPDR SER TR	RUSSELL YIELD	78468R770	523,313	5,617,235	SH		SOLE		5,617,235	0	0
SANTANDER CONSUMER USA HLDGS	COM	80283M101	2,777	66,600	SH		SOLE		66,600	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	38,821	490,718	SH		SOLE		490,718	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	7,650	60,093	SH		SOLE		60,093	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	68,094	534,908	SH		SOLE		534,908	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	6,707	97,422	SH		SOLE		97,422	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	95,073	1,381,068	SH		SOLE		1,381,068	0	0
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	17,179	457,744	SH		SOLE		457,744	0	0
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	106,189	2,829,456	SH		SOLE		2,829,456	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	39,134	399,981	SH		SOLE		399,981	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	1,690	11,320	SH		SOLE		11,320	0	0
SELECT SECTOR SPDR TR	COMMUNICATION	81369Y852	1,149	14,341	SH		SOLE		14,341	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	1,002	15,678	SH		SOLE		15,678	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	2,375	37,174	SH		SOLE		37,174	0	0
SILGAN HOLDINGS INC	COM	827048109	2,313	60,300	SH		SOLE		60,300	0	0
STARWOOD PPTY TR INC	COM	85571B105	2,421	99,200	SH		SOLE		99,200	0	0
STATE STR CORP	COM	857477103	2,474	29,200	SH		SOLE		29,200	0	0
STEEL DYNAMICS INC	COM	858119100	2,287	39,100	SH		SOLE		39,100	0	0
STERLING BANCORP DEL	COM	85917A100	2,411	96,600	SH		SOLE		96,600	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	2,287	52,100	SH		SOLE		52,100	0	0
SYNCHRONY FINANCIAL	COM	87165B103	2,488	50,900	SH		SOLE		50,900	0	0
TEMPUR SEALY INTL INC	COM	88023U101	3,082	66,400	SH		SOLE		66,400	0	0
THOR INDS INC	COM	885160101	2,639	21,500	SH		SOLE		21,500	0	0
TOLL BROTHERS INC	COM	889478103	2,250	40,700	SH		SOLE		40,700	0	0
TRUIST FINL CORP	COM	89832Q109	2,463	42,000	SH		SOLE		42,000	0	0
TYSON FOODS INC	CL A	902494103	2,526	32,000	SH		SOLE		32,000	0	0
UMPQUA HLDGS CORP	COM	904214103	2,693	133,000	SH		SOLE		133,000	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	2,676	14,500	SH		SOLE		14,500	0	0
UNUM GROUP	COM	91529Y106	2,020	80,600	SH		SOLE		80,600	0	0
VANECK ETF TRUST	GOLD MINERS ET	92189F106	4,782	162,272	SH		SOLE		162,272	0	0
VANECK ETF TRUST	GOLD MINERS ET	92189F106	5,128	174,000	SH		SOLE		174,000	0	0
VANECK ETF TRUST	SEMICONDUCTR E	92189F676	1,118	4,364	SH		SOLE		4,364	0	0
VANECK ETF TRUST	JUNIOR GOLD MI	92189F791	7,371	192,263	SH		SOLE		192,263	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	25,496	345,000	SH		SOLE		345,000	0	0
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	1,879	10,000	SH		SOLE		10,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT E	922042858	207,884	4,156,842	SH		SOLE		4,156,842	0	0
VANGUARD INDEX FDS	S&P 500 ETF SH	922908363	1,274	3,230	SH		SOLE		3,230	0	0
VANGUARD INDEX FDS	S&P 500 ETF SH	922908363	1,621	4,109	SH		SOLE		4,109	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	2,409	44,600	SH		SOLE		44,600	0	0
VIACOMCBS INC	CL B	92556H206	2,402	60,800	SH		SOLE		60,800	0	0
VIATRIS INC	COM	92556V106	2,247	165,800	SH		SOLE		165,800	0	0
VICTORIAS SECRET AND CO	COMMON STOCK	926400102	705	12,766	SH		SOLE		12,766	0	0
VIR BIOTECHNOLOGY INC	COM	92764N102	155,473	3,572,438	SH		SOLE		3,572,438	0	0
VIRTU FINL INC	CL A	928254101	1,950	79,800	SH		SOLE		79,800	0	0
VONTIER CORPORATION	COM	928881101	2,493	74,200	SH		SOLE		74,200	0	0
VOYA FINANCIAL INC	COM	929089100	2,388	38,900	SH		SOLE		38,900	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,193	46,600	SH		SOLE		46,600	0	0
WEBSTER FINL CORP CONN	COM	947890109	2,434	44,700	SH		SOLE		44,700	0	0
WELLS FARGO CO NEW	COM	949746101	2,520	54,300	SH		SOLE		54,300	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	2,742	25,200	SH		SOLE		25,200	0	0
WESTERN DIGITAL CORP.	COM	958102105	1,846	32,700	SH		SOLE		32,700	0	0
WESTERN UN CO	COM	959802109	2,042	101,000	SH		SOLE		101,000	0	0
WESTLAKE CHEM CORP	COM	960413102	2,187	24,000	SH		SOLE		24,000	0	0
WHIRLPOOL CORP	COM	963320106	2,202	10,800	SH		SOLE		10,800	0	0
WINTRUST FINL CORP	COM	97650W108	2,524	31,400	SH		SOLE		31,400	0	0
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	9,640	180,245	SH		SOLE		180,245	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	2,136	105,900	SH		SOLE		105,900	0	0
ZIONS BANCORPORATION N A	COM	989701107	2,711	43,800	SH		SOLE		43,800	0	0