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
AMCOR PLC	ORD	G0250X107	6,270,029	684,501	SH		SOLE		684,501	0	0
AMCOR PLC	ORD	G0250X107	4,787,969	522,704	SH		SOLE		522,704	0	0
AMDOCS LTD	SHS	G02602103	6,919,055	81,892	SH		SOLE		81,892	0	0
AMDOCS LTD	SHS	G02602103	5,197,994	61,522	SH		SOLE		61,522	0	0
AON PLC	SHS CL A	G0403H108	2,112,293	6,515	SH		SOLE		6,515	0	0
AON PLC	SHS CL A	G0403H108	987,250	3,045	SH		SOLE		3,045	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	2,500,981	31,376	SH		SOLE		31,376	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	689,574	12,233	SH		SOLE		12,233	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	2,440,821	43,300	SH		SOLE		43,300	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	1,268,979	4,132	SH		SOLE		4,132	0	0
BUNGE LIMITED	COM	G16962105	2,695,425	24,900	SH		SOLE		24,900	0	0
CAPRI HOLDINGS LIMITED	SHS	G1890L107	3,314,430	63,000	SH		SOLE		63,000	0	0
CLARIVATE PLC	ORD SHS	G21810109	1,905,640	284,000	SH		SOLE		284,000	0	0
EVEREST GROUP LTD	COM	G3223R108	161,676	435	SH		SOLE		435	0	0
EVEREST GROUP LTD	COM	G3223R108	2,527,356	6,800	SH		SOLE		6,800	0	0
GATES INDL CORP PLC	ORD SHS	G39108108	2,119,986	182,600	SH		SOLE		182,600	0	0
GENPACT LIMITED	SHS	G3922B107	975,952	26,960	SH		SOLE		26,960	0	0
GENPACT LIMITED	SHS	G3922B107	1,304,938	36,048	SH		SOLE		36,048	0	0
INVESCO LTD	SHS	G491BT108	2,098,140	144,500	SH		SOLE		144,500	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	2,589	20	SH		SOLE		20	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	2,368,752	18,300	SH		SOLE		18,300	0	0
RENAISSANCERE HLDGS LTD	COM	G7496G103	743,783	3,758	SH		SOLE		3,758	0	0
RENAISSANCERE HLDGS LTD	COM	G7496G103	2,394,832	12,100	SH		SOLE		12,100	0	0
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	2,750,259	101,336	SH		SOLE		101,336	0	0
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	2,034,849	74,976	SH		SOLE		74,976	0	0
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	1,921,512	70,800	SH		SOLE		70,800	0	0
WHITE MTNS INS GROUP LTD	COM	G9618E107	5,876,566	3,929	SH		SOLE		3,929	0	0
WHITE MTNS INS GROUP LTD	COM	G9618E107	1,927,944	1,289	SH		SOLE		1,289	0	0
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	4,738,377	22,676	SH		SOLE		22,676	0	0
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	4,353,055	20,832	SH		SOLE		20,832	0	0
PERRIGO CO PLC	SHS	G97822103	2,780	87	SH		SOLE		87	0	0
CHUBB LIMITED	COM	H1467J104	941,390	4,522	SH		SOLE		4,522	0	0
CHUBB LIMITED	COM	H1467J104	3,088,975	14,838	SH		SOLE		14,838	0	0
CHUBB LIMITED	COM	H1467J104	2,539,796	12,200	SH		SOLE		12,200	0	0
WIX COM LTD	SHS	M98068105	4,240,609	46,194	SH		SOLE		46,194	0	0
WIX COM LTD	SHS	M98068105	3,120,007	33,987	SH		SOLE		33,987	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,481,140	26,200	SH		SOLE		26,200	0	0
QIAGEN NV	SHS NEW	N72482123	1,582,092	39,064	SH		SOLE		39,064	0	0
COPA HOLDINGS SA	CL A	P31076105	1,853,696	20,800	SH		SOLE		20,800	0	0
AGCO CORP	COM	001084102	2,247,320	19,000	SH		SOLE		19,000	0	0
AGNC INVT CORP	COM	00123Q104	2,247,664	238,100	SH		SOLE		238,100	0	0
AT&T INC	COM	00206R102	6,231,828	414,902	SH		SOLE		414,902	0	0
AT&T INC	COM	00206R102	6,592,984	438,947	SH		SOLE		438,947	0	0
AT&T INC	COM	00206R102	2,195,924	146,200	SH		SOLE		146,200	0	0
ABBVIE INC	COM	00287Y109	10,625,444	71,283	SH		SOLE		71,283	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	671,140	7,168	SH		SOLE		7,168	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	2,052,631	36,700	SH		SOLE		36,700	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	2,046,338	15,700	SH		SOLE		15,700	0	0
AIR LEASE CORP	CL A	00912X302	2,210,901	56,100	SH		SOLE		56,100	0	0
ALASKA AIR GROUP INC	COM	011659109	1,776,132	47,900	SH		SOLE		47,900	0	0
ALBERTSONS COS INC	COMMON STOCK	013091103	2,548,000	112,000	SH		SOLE		112,000	0	0
ALLIANT ENERGY CORP	COM	018802108	140,844	2,907	SH		SOLE		2,907	0	0
ALLIANT ENERGY CORP	COM	018802108	126,503	2,611	SH		SOLE		2,611	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	37,917	642	SH		SOLE		642	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	1,828,202	30,955	SH		SOLE		30,955	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	2,598,640	44,000	SH		SOLE		44,000	0	0
ALLY FINL INC	COM	02005N100	2,222,444	83,300	SH		SOLE		83,300	0	0
ALTICE USA INC	CL A	02156K103	2,762,169	844,700	SH		SOLE		844,700	0	0
ALTRIA GROUP INC	COM	02209S103	2,169,780	51,600	SH		SOLE		51,600	0	0
AMEREN CORP	COM	023608102	634,109	8,474	SH		SOLE		8,474	0	0
AMEREN CORP	COM	023608102	898,933	12,013	SH		SOLE		12,013	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	1,917,657	149,700	SH		SOLE		149,700	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	14,743	196	SH		SOLE		196	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	3,550,659	31,796	SH		SOLE		31,796	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	3,311,686	29,656	SH		SOLE		29,656	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	2,244,567	20,100	SH		SOLE		20,100	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	2,484,600	41,000	SH		SOLE		41,000	0	0
AMERIPRISE FINL INC	COM	03076C106	2,439,632	7,400	SH		SOLE		7,400	0	0
AMGEN INC	COM	031162100	9,706,536	36,116	SH		SOLE		36,116	0	0
AMGEN INC	COM	031162100	6,485,448	24,131	SH		SOLE		24,131	0	0
AMPHENOL CORP NEW	CL A	032095101	4,598,788	54,754	SH		SOLE		54,754	0	0
ANNALY CAPITAL MANAGEMENT IN	COM NEW	035710839	2,193,246	116,600	SH		SOLE		116,600	0	0
APA CORPORATION	COM	03743Q108	2,868,780	69,800	SH		SOLE		69,800	0	0
APPLE INC	COM	037833100	4,287,441	25,042	SH		SOLE		25,042	0	0
APTARGROUP INC	COM	038336103	4,220,350	33,752	SH		SOLE		33,752	0	0
APTARGROUP INC	COM	038336103	4,002,906	32,013	SH		SOLE		32,013	0	0
ARROW ELECTRS INC	COM	042735100	2,179,176	17,400	SH		SOLE		17,400	0	0
ASSURANT INC	COM	04621X108	2,670,588	18,600	SH		SOLE		18,600	0	0
ATMOS ENERGY CORP	COM	049560105	518,633	4,896	SH		SOLE		4,896	0	0
ATMOS ENERGY CORP	COM	049560105	1,860,025	17,559	SH		SOLE		17,559	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	8,526,396	35,441	SH		SOLE		35,441	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	5,698,618	23,687	SH		SOLE		23,687	0	0
AUTONATION INC	COM	05329W102	2,482,960	16,400	SH		SOLE		16,400	0	0
AVANGRID INC	COM	05351W103	191,791	6,357	SH		SOLE		6,357	0	0
AVANGRID INC	COM	05351W103	1,038,813	34,432	SH		SOLE		34,432	0	0
AVIS BUDGET GROUP	COM	053774105	2,174,249	12,100	SH		SOLE		12,100	0	0
AVNET INC	COM	053807103	2,414,319	50,100	SH		SOLE		50,100	0	0
BOK FINL CORP	COM NEW	05561Q201	2,119,470	26,500	SH		SOLE		26,500	0	0
BANK AMERICA CORP	COM	060505104	2,182,186	79,700	SH		SOLE		79,700	0	0
BANK NEW YORK MELLON CORP	COM	064058100	2,239,125	52,500	SH		SOLE		52,500	0	0
BANK OZK LITTLE ROCK ARK	COM	06417N103	2,176,009	58,700	SH		SOLE		58,700	0	0
BERKLEY W R CORP	COM	084423102	1,775,244	27,961	SH		SOLE		27,961	0	0
BERKLEY W R CORP	COM	084423102	2,710,007	42,684	SH		SOLE		42,684	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	11,809,314	33,712	SH		SOLE		33,712	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	12,613,953	36,009	SH		SOLE		36,009	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,051	3	SH		SOLE		3	0	0
BERRY GLOBAL GROUP INC	COM	08579W103	2,352,580	38,000	SH		SOLE		38,000	0	0
BLOCK H & R INC	COM	093671105	3,160,604	73,400	SH		SOLE		73,400	0	0
BORGWARNER INC	COM	099724106	2,050,796	50,800	SH		SOLE		50,800	0	0
BRIGHTHOUSE FINL INC	COM	10922N103	2,569,350	52,500	SH		SOLE		52,500	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	7,873,242	135,652	SH		SOLE		135,652	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	7,162,658	123,409	SH		SOLE		123,409	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,089,440	36,000	SH		SOLE		36,000	0	0
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	770,273	4,302	SH		SOLE		4,302	0	0
BROOKFIELD RENEWABLE CORP	CL A SUB VTG	11284V105	5,479,435	228,882	SH		SOLE		228,882	0	0
BROOKFIELD RENEWABLE CORP	CL A SUB VTG	11284V105	4,132,307	172,611	SH		SOLE		172,611	0	0
BROWN FORMAN CORP	CL B	115637209	3,270,100	56,684	SH		SOLE		56,684	0	0
BROWN FORMAN CORP	CL B	115637209	1,680,740	29,134	SH		SOLE		29,134	0	0
BRUNSWICK CORP	COM	117043109	2,188,300	27,700	SH		SOLE		27,700	0	0
CCC INTELLIGENT SOLUTIONS HL	COM	12510Q100	5,436,027	407,193	SH		SOLE		407,193	0	0
CF INDS HLDGS INC	COM	125269100	2,940,882	34,300	SH		SOLE		34,300	0	0
THE CIGNA GROUP	COM	125523100	2,517,416	8,800	SH		SOLE		8,800	0	0
CMS ENERGY CORP	COM	125896100	74,885	1,410	SH		SOLE		1,410	0	0
CMS ENERGY CORP	COM	125896100	73,876	1,391	SH		SOLE		1,391	0	0
CNA FINL CORP	COM	126117100	76,260	1,938	SH		SOLE		1,938	0	0
CNA FINL CORP	COM	126117100	3,418,531	86,875	SH		SOLE		86,875	0	0
CNA FINL CORP	COM	126117100	2,317,715	58,900	SH		SOLE		58,900	0	0
CSX CORP	COM	126408103	3,775,055	122,766	SH		SOLE		122,766	0	0
CSX CORP	COM	126408103	3,589,017	116,716	SH		SOLE		116,716	0	0
CVS HEALTH CORP	COM	126650100	2,269,150	32,500	SH		SOLE		32,500	0	0
COTERRA ENERGY INC	COM	127097103	2,567,045	94,900	SH		SOLE		94,900	0	0
CACI INTL INC	CL A	127190304	44,892	143	SH		SOLE		143	0	0
CAMPBELL SOUP CO	COM	134429109	647,298	15,757	SH		SOLE		15,757	0	0
CAMPBELL SOUP CO	COM	134429109	1,278,697	31,127	SH		SOLE		31,127	0	0
CAPITAL ONE FINL CORP	COM	14040H105	2,028,345	20,900	SH		SOLE		20,900	0	0
CARDINAL HEALTH INC	COM	14149Y108	1,327,565	15,291	SH		SOLE		15,291	0	0
CARLYLE GROUP INC	COM	14316J108	2,340,416	77,600	SH		SOLE		77,600	0	0
CASEYS GEN STORES INC	COM	147528103	34,755	128	SH		SOLE		128	0	0
CELANESE CORP DEL	COM	150870103	2,573,160	20,500	SH		SOLE		20,500	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	3,122,722	7,100	SH		SOLE		7,100	0	0
CHEMED CORP NEW	COM	16359R103	17,150	33	SH		SOLE		33	0	0
CHEMED CORP NEW	COM	16359R103	359,113	691	SH		SOLE		691	0	0
CHEMOURS CO	COM	163851108	2,039,235	72,700	SH		SOLE		72,700	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	2,622,168	15,800	SH		SOLE		15,800	0	0
CHEVRON CORP NEW	COM	166764100	1,211,366	7,184	SH		SOLE		7,184	0	0
CHEVRON CORP NEW	COM	166764100	5,605,772	33,245	SH		SOLE		33,245	0	0
CHEVRON CORP NEW	COM	166764100	2,533,873	15,027	SH		SOLE		15,027	0	0
CHURCH & DWIGHT CO INC	COM	171340102	162,735	1,776	SH		SOLE		1,776	0	0
CHURCH & DWIGHT CO INC	COM	171340102	514,869	5,619	SH		SOLE		5,619	0	0
CISCO SYS INC	COM	17275R102	10,514,918	195,590	SH		SOLE		195,590	0	0
CISCO SYS INC	COM	17275R102	6,590,761	122,596	SH		SOLE		122,596	0	0
CINTAS CORP	COM	172908105	5,525,362	11,487	SH		SOLE		11,487	0	0
CINTAS CORP	COM	172908105	3,740,334	7,776	SH		SOLE		7,776	0	0
CITIGROUP INC	COM NEW	172967424	1,986,579	48,300	SH		SOLE		48,300	0	0
CITIZENS FINL GROUP INC	COM	174610105	2,205,640	82,300	SH		SOLE		82,300	0	0
CLEVELAND-CLIFFS INC NEW	COM	185899101	2,277,291	145,700	SH		SOLE		145,700	0	0
COCA COLA CO	COM	191216100	2,962,630	52,923	SH		SOLE		52,923	0	0
COCA COLA CO	COM	191216100	1,814,480	32,413	SH		SOLE		32,413	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	4,749,116	70,108	SH		SOLE		70,108	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	39,560	584	SH		SOLE		584	0	0
COLGATE PALMOLIVE CO	COM	194162103	6,245,165	87,824	SH		SOLE		87,824	0	0
COLGATE PALMOLIVE CO	COM	194162103	4,274,351	60,109	SH		SOLE		60,109	0	0
COLUMBIA BKG SYS INC	COM	197236102	2,064,510	101,700	SH		SOLE		101,700	0	0
COMERICA INC	COM	200340107	2,301,870	55,400	SH		SOLE		55,400	0	0
COMMERCE BANCSHARES INC	COM	200525103	1,287,159	26,827	SH		SOLE		26,827	0	0
COMMERCE BANCSHARES INC	COM	200525103	768,544	16,018	SH		SOLE		16,018	0	0
CONCENTRIX CORP	COM	20602D101	2,235,069	27,900	SH		SOLE		27,900	0	0
CONSOLIDATED EDISON INC	COM	209115104	16,678	195	SH		SOLE		195	0	0
CONSOLIDATED EDISON INC	COM	209115104	407,978	4,770	SH		SOLE		4,770	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	2,135,786	19,580	SH		SOLE		19,580	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	2,063,357	18,916	SH		SOLE		18,916	0	0
COREBRIDGE FINL INC	COM	21871X109	2,763,025	139,900	SH		SOLE		139,900	0	0
CORNING INC	COM	219350105	2,522,428	82,784	SH		SOLE		82,784	0	0
COSTAR GROUP INC	COM	22160N109	578,828	7,528	SH		SOLE		7,528	0	0
CRANE NXT CO	COM	224441105	228,004	4,103	SH		SOLE		4,103	0	0
CUMMINS INC	COM	231021106	7,268,226	31,814	SH		SOLE		31,814	0	0
CUMMINS INC	COM	231021106	5,863,883	25,667	SH		SOLE		25,667	0	0
DBX ETF TR	XTRACK HRVST C	233051879	21,856,749	840,321	SH		SOLE		840,321	0	0
DTE ENERGY CO	COM	233331107	106,230	1,070	SH		SOLE		1,070	0	0
DTE ENERGY CO	COM	233331107	79,027	796	SH		SOLE		796	0	0
DXC TECHNOLOGY CO	COM	23355L106	1,860,119	89,300	SH		SOLE		89,300	0	0
DARDEN RESTAURANTS INC	COM	237194105	2,194,703	15,324	SH		SOLE		15,324	0	0
DARDEN RESTAURANTS INC	COM	237194105	332,414	2,321	SH		SOLE		2,321	0	0
DELL TECHNOLOGIES INC	CL C	24703L202	3,376,100	49,000	SH		SOLE		49,000	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	2,197,800	59,400	SH		SOLE		59,400	0	0
DEVON ENERGY CORP NEW	COM	25179M103	2,232,360	46,800	SH		SOLE		46,800	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	2,725,888	17,600	SH		SOLE		17,600	0	0
DICKS SPORTING GOODS INC	COM	253393102	1,867,576	17,200	SH		SOLE		17,200	0	0
DIMENSIONAL ETF TRUST	US SMALL CAP E	25434V500	33,708,868	642,196	SH		SOLE		642,196	0	0
DIMENSIONAL ETF TRUST	US SMALL CAP E	25434V500	59,930,458	1,141,750	SH		SOLE		1,141,750	0	0
DIMENSIONAL ETF TRUST	US SMALL CAP V	25434V815	63,564,579	2,508,468	SH		SOLE		2,508,468	0	0
DIMENSIONAL ETF TRUST	US SMALL CAP V	25434V815	104,530,744	4,125,128	SH		SOLE		4,125,128	0	0
DISH NETWORK CORPORATION	CL A	25470M109	2,056,274	350,900	SH		SOLE		350,900	0	0
DISCOVER FINL SVCS	COM	254709108	1,767,252	20,400	SH		SOLE		20,400	0	0
DOLBY LABORATORIES INC	COM CL A	25659T107	7,091,630	89,473	SH		SOLE		89,473	0	0
DOLBY LABORATORIES INC	COM CL A	25659T107	2,984,535	37,655	SH		SOLE		37,655	0	0
DOLLAR TREE INC	COM	256746108	121,140	1,138	SH		SOLE		1,138	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,832,189	20,759	SH		SOLE		20,759	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,581,503	40,579	SH		SOLE		40,579	0	0
EOG RES INC	COM	26875P101	2,547,876	20,100	SH		SOLE		20,100	0	0
EAST WEST BANCORP INC	COM	27579R104	2,329,782	44,200	SH		SOLE		44,200	0	0
EASTMAN CHEM CO	COM	277432100	2,224,880	29,000	SH		SOLE		29,000	0	0
ELECTRONIC ARTS INC	COM	285512109	1,287,196	10,691	SH		SOLE		10,691	0	0
ENTERGY CORP NEW	COM	29364G103	2,775	30	SH		SOLE		30	0	0
EQUITABLE HLDGS INC	COM	29452E101	2,492,642	87,800	SH		SOLE		87,800	0	0
ERIE INDTY CO	CL A	29530P102	687,762	2,341	SH		SOLE		2,341	0	0
EVERGY INC	COM	30034W106	20,483	404	SH		SOLE		404	0	0
EVERSOURCE ENERGY	COM	30040W108	4,536	78	SH		SOLE		78	0	0
EXELIXIS INC	COM	30161Q104	892,682	40,855	SH		SOLE		40,855	0	0
EXPEDITORS INTL WASH INC	COM	302130109	998,427	8,710	SH		SOLE		8,710	0	0
EXXON MOBIL CORP	COM	30231G102	18,695	159	SH		SOLE		159	0	0
EXXON MOBIL CORP	COM	30231G102	6,232	53	SH		SOLE		53	0	0
F N B CORP	COM	302520101	2,110,524	195,600	SH		SOLE		195,600	0	0
FTI CONSULTING INC	COM	302941109	421,048	2,360	SH		SOLE		2,360	0	0
FTI CONSULTING INC	COM	302941109	636,924	3,570	SH		SOLE		3,570	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	2,360,029	42,700	SH		SOLE		42,700	0	0
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	2,721,670	65,900	SH		SOLE		65,900	0	0
FIFTH THIRD BANCORP	COM	316773100	2,236,639	88,300	SH		SOLE		88,300	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	2,484,180	1,800	SH		SOLE		1,800	0	0
FIRST HAWAIIAN INC	COM	32051X108	2,205,710	122,200	SH		SOLE		122,200	0	0
FIRST HORIZON CORPORATION	COM	320517105	2,194,082	199,100	SH		SOLE		199,100	0	0
FIRSTENERGY CORP	COM	337932107	15,484	453	SH		SOLE		453	0	0
FIRSTENERGY CORP	COM	337932107	20,816	609	SH		SOLE		609	0	0
FIVE BELOW INC	COM	33829M101	1,846,488	11,476	SH		SOLE		11,476	0	0
FLOWERS FOODS INC	COM	343498101	1,079,811	48,684	SH		SOLE		48,684	0	0
FLOWERS FOODS INC	COM	343498101	1,586,402	71,524	SH		SOLE		71,524	0	0
FORD MTR CO DEL	COM	345370860	2,107,674	169,700	SH		SOLE		169,700	0	0
FRANKLIN TEMPLETON ETF TR	FTSE JAPAN ETF	35473P744	11,743,800	444,000	SH		SOLE		444,000	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	6,072,739	26,643	SH		SOLE		26,643	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	3,144,522	13,796	SH		SOLE		13,796	0	0
GARTNER INC	COM	366651107	201,355	586	SH		SOLE		586	0	0
GENERAL DYNAMICS CORP	COM	369550108	339,631	1,537	SH		SOLE		1,537	0	0
GENERAL DYNAMICS CORP	COM	369550108	18,341	83	SH		SOLE		83	0	0
GENERAL MLS INC	COM	370334104	75,060	1,173	SH		SOLE		1,173	0	0
GENERAL MLS INC	COM	370334104	1,799,015	28,114	SH		SOLE		28,114	0	0
GENERAL MTRS CO	COM	37045V100	2,123,268	64,400	SH		SOLE		64,400	0	0
GENTEX CORP	COM	371901109	5,164,814	158,722	SH		SOLE		158,722	0	0
GENTEX CORP	COM	371901109	1,408,949	43,299	SH		SOLE		43,299	0	0
GENUINE PARTS CO	COM	372460105	5,992,925	41,508	SH		SOLE		41,508	0	0
GENUINE PARTS CO	COM	372460105	1,518,300	10,516	SH		SOLE		10,516	0	0
GILEAD SCIENCES INC	COM	375558103	8,140,358	108,625	SH		SOLE		108,625	0	0
GILEAD SCIENCES INC	COM	375558103	7,028,173	93,784	SH		SOLE		93,784	0	0
GLOBAL PMTS INC	COM	37940X102	2,688,587	23,300	SH		SOLE		23,300	0	0
GLOBE LIFE INC	COM	37959E102	2,348,568	21,600	SH		SOLE		21,600	0	0
GODADDY INC	CL A	380237107	1,491,313	20,023	SH		SOLE		20,023	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	2,232,633	6,900	SH		SOLE		6,900	0	0
GRAND CANYON ED INC	COM	38526M106	6,637,265	56,787	SH		SOLE		56,787	0	0
GRAND CANYON ED INC	COM	38526M106	2,648,384	22,659	SH		SOLE		22,659	0	0
GRAPHIC PACKAGING HLDG CO	COM	388689101	1,958,412	87,900	SH		SOLE		87,900	0	0
HF SINCLAIR CORP	COM	403949100	2,897,737	50,900	SH		SOLE		50,900	0	0
HP INC	COM	40434L105	2,009,740	78,200	SH		SOLE		78,200	0	0
HALLIBURTON CO	COM	406216101	2,920,050	72,100	SH		SOLE		72,100	0	0
HANESBRANDS INC	COM	410345102	1,998,216	504,600	SH		SOLE		504,600	0	0
HANOVER INS GROUP INC	COM	410867105	1,917,512	17,278	SH		SOLE		17,278	0	0
HANOVER INS GROUP INC	COM	410867105	1,633,626	14,720	SH		SOLE		14,720	0	0
HARLEY DAVIDSON INC	COM	412822108	2,284,446	69,100	SH		SOLE		69,100	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	116,292	1,640	SH		SOLE		1,640	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	5,594,090	78,890	SH		SOLE		78,890	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	2,318,757	32,700	SH		SOLE		32,700	0	0
HAWAIIAN ELEC INDUSTRIES	COM	419870100	694,309	56,402	SH		SOLE		56,402	0	0
HAWAIIAN ELEC INDUSTRIES	COM	419870100	596,998	48,497	SH		SOLE		48,497	0	0
HERSHEY CO	COM	427866108	1,763,705	8,815	SH		SOLE		8,815	0	0
HERSHEY CO	COM	427866108	1,619,047	8,092	SH		SOLE		8,092	0	0
HERTZ GLOBAL HLDGS INC	COM NEW	42806J700	1,653,750	135,000	SH		SOLE		135,000	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	2,565,549	147,700	SH		SOLE		147,700	0	0
HORMEL FOODS CORP	COM	440452100	60,772	1,598	SH		SOLE		1,598	0	0
HUNT J B TRANS SVCS INC	COM	445658107	20,360	108	SH		SOLE		108	0	0
HUNT J B TRANS SVCS INC	COM	445658107	1,071,548	5,684	SH		SOLE		5,684	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	2,214,160	212,900	SH		SOLE		212,900	0	0
IDACORP INC	COM	451107106	6,565,895	70,111	SH		SOLE		70,111	0	0
IDACORP INC	COM	451107106	4,973,283	53,105	SH		SOLE		53,105	0	0
INCYTE CORP	COM	45337C102	1,497,976	25,930	SH		SOLE		25,930	0	0
INCYTE CORP	COM	45337C102	2,917,732	50,506	SH		SOLE		50,506	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	9,312,413	66,375	SH		SOLE		66,375	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,123,663	8,009	SH		SOLE		8,009	0	0
INTERNATIONAL PAPER CO	COM	460146103	613,276	17,290	SH		SOLE		17,290	0	0
INTERNATIONAL PAPER CO	COM	460146103	897,675	25,308	SH		SOLE		25,308	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	1,928,209	5,382	SH		SOLE		5,382	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	4,675,770	33,000	SH		SOLE		33,000	0	0
INVESCO EXCH TRADED FD TR II	S&P500 LOW VOL	46138E354	78,315,511	1,332,123	SH		SOLE		1,332,123	0	0
INVESCO EXCH TRADED FD TR II	S&P500 LOW VOL	46138E354	112,571,033	1,914,799	SH		SOLE		1,914,799	0	0
IRIDIUM COMMUNICATIONS INC	COM	46269C102	1,541,702	33,891	SH		SOLE		33,891	0	0
IRIDIUM COMMUNICATIONS INC	COM	46269C102	1,741,630	38,286	SH		SOLE		38,286	0	0
ISHARES INC	MSCI BRAZIL ET	464286400	22,751,834	741,827	SH		SOLE		741,827	0	0
ISHARES TR	CORE S&P500 ET	464287200	392,928,450	915,000	SH		SOLE		915,000	0	0
ISHARES TR	RUS 1000 VAL E	464287598	117,961,711	776,984	SH		SOLE		776,984	0	0
ISHARES TR	RUS 1000 VAL E	464287598	49,966,695	329,118	SH		SOLE		329,118	0	0
ISHARES TR	RUS 1000 ETF	464287622	1,262,876	5,376	SH		SOLE		5,376	0	0
ISHARES TR	RUS 1000 ETF	464287622	1,714,138	7,297	SH		SOLE		7,297	0	0
ISHARES TR	RUS 2000 VAL E	464287630	33,804,543	249,388	SH		SOLE		249,388	0	0
ISHARES TR	RUS 2000 VAL E	464287630	85,685,357	632,131	SH		SOLE		632,131	0	0
ISHARES TR	RUS 2000 GRW E	464287648	51,140,943	228,155	SH		SOLE		228,155	0	0
ISHARES TR	RUS 2000 GRW E	464287648	63,778,296	284,534	SH		SOLE		284,534	0	0
ISHARES TR	RUSSELL 2000 E	464287655	21,321,207	120,636	SH		SOLE		120,636	0	0
ISHARES TR	RUSSELL 2000 E	464287655	33,383,005	188,882	SH		SOLE		188,882	0	0
ISHARES TR	S&P SML 600 GW	464287887	9,505,856	86,669	SH		SOLE		86,669	0	0
ISHARES TR	S&P SML 600 GW	464287887	22,948,127	209,228	SH		SOLE		209,228	0	0
ISHARES TR	IBOXX HI YD ET	464288513	5,474,742	74,264	SH		SOLE		74,264	0	0
ISHARES TR	MSCI EURO FL E	464289180	57,350,172	3,032,796	SH		SOLE		3,032,796	0	0
ISHARES TR	MSCI CHINA ETF	46429B671	431,255	9,962	SH		SOLE		9,962	0	0
ISHARES TR	MSCI USA MIN V	46429B697	144,831,294	2,000,985	SH		SOLE		2,000,985	0	0
ISHARES TR	MSCI USA MIN V	46429B697	154,123,366	2,129,364	SH		SOLE		2,129,364	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	271,293,229	4,215,901	SH		SOLE		4,215,901	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	9,974,250	155,000	SH		SOLE		155,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	11,945,090	251,000	SH		SOLE		251,000	0	0
ISHARES INC	MSCI JPN ETF N	46434G822	899,105	14,913	SH		SOLE		14,913	0	0
ISHARES INC	MSCI GBL ETF N	46434G848	6,759,200	170,000	SH		SOLE		170,000	0	0
ISHARES TR	BB RAT CORP BD	46435U473	24,073,500	550,000	SH		SOLE		550,000	0	0
ISHARES TR	BROAD USD HIGH	46435U853	112,169,495	3,231,619	SH		SOLE		3,231,619	0	0
ISHARES GOLD TR	SHARES REPRESE	46436F103	195,588,450	10,601,000	SH		SOLE		10,601,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	2,392,830	16,500	SH		SOLE		16,500	0	0
JETBLUE AWYS CORP	COM	477143101	1,435,660	312,100	SH		SOLE		312,100	0	0
JOHNSON & JOHNSON	COM	478160104	12,065,485	77,467	SH		SOLE		77,467	0	0
JOHNSON & JOHNSON	COM	478160104	13,016,806	83,575	SH		SOLE		83,575	0	0
JOHNSON & JOHNSON	COM	478160104	156	1	SH		SOLE		1	0	0
JUNIPER NETWORKS INC	COM	48203R104	4,309,395	155,070	SH		SOLE		155,070	0	0
KBR INC	COM	48242W106	346,096	5,872	SH		SOLE		5,872	0	0
KARUNA THERAPEUTICS INC	COM	48576A100	621,744	3,677	SH		SOLE		3,677	0	0
KELLANOVA	COM	487836108	6,430,472	108,057	SH		SOLE		108,057	0	0
KELLANOVA	COM	487836108	4,885,354	82,093	SH		SOLE		82,093	0	0
KEURIG DR PEPPER INC	COM	49271V100	5,031,058	159,362	SH		SOLE		159,362	0	0
KEURIG DR PEPPER INC	COM	49271V100	5,462,557	173,030	SH		SOLE		173,030	0	0
KEYCORP	COM	493267108	2,348,908	218,300	SH		SOLE		218,300	0	0
KIMBERLY-CLARK CORP	COM	494368103	1,825,802	15,108	SH		SOLE		15,108	0	0
KIMBERLY-CLARK CORP	COM	494368103	96,922	802	SH		SOLE		802	0	0
KOHLS CORP	COM	500255104	2,215,472	105,700	SH		SOLE		105,700	0	0
KRANESHARES TR	CSI CHI INTERN	500767306	170,115,799	6,215,411	SH		SOLE		6,215,411	0	0
LKQ CORP	COM	501889208	297	6	SH		SOLE		6	0	0
LKQ CORP	COM	501889208	307,705	6,215	SH		SOLE		6,215	0	0
LAMB WESTON HLDGS INC	COM	513272104	330,175	3,571	SH		SOLE		3,571	0	0
LANDSTAR SYS INC	COM	515098101	6,468,573	36,558	SH		SOLE		36,558	0	0
LANDSTAR SYS INC	COM	515098101	5,251,933	29,682	SH		SOLE		29,682	0	0
LEIDOS HOLDINGS INC	COM	525327102	676,639	7,342	SH		SOLE		7,342	0	0
LENNAR CORP	CL A	526057104	2,289,492	20,400	SH		SOLE		20,400	0	0
LIBERTY BROADBAND CORP	COM SER C	530307305	2,885,712	31,600	SH		SOLE		31,600	0	0
LIBERTY MEDIA CORP DEL	COM LBTY LIV S	531229748	29	1	SH		SOLE		1	0	0
LIBERTY MEDIA CORP DEL	COM LBTY LIV S	531229748	627,228	19,650	SH		SOLE		19,650	0	0
LIBERTY MEDIA CORP DEL	COM LBTY ONE S	531229755	15,700	252	SH		SOLE		252	0	0
LIBERTY MEDIA CORP DEL	COM LBTY SRM S	531229813	2,000,370	78,600	SH		SOLE		78,600	0	0
ELI LILLY & CO	COM	532457108	9,651,152	17,968	SH		SOLE		17,968	0	0
ELI LILLY & CO	COM	532457108	3,209,352	5,975	SH		SOLE		5,975	0	0
LINCOLN NATL CORP IND	COM	534187109	2,491,221	100,900	SH		SOLE		100,900	0	0
LITHIA MTRS INC	COM	536797103	2,717,036	9,200	SH		SOLE		9,200	0	0
LOCKHEED MARTIN CORP	COM	539830109	15,949	39	SH		SOLE		39	0	0
LOEWS CORP	COM	540424108	1,215,046	19,192	SH		SOLE		19,192	0	0
LUMEN TECHNOLOGIES INC	COM	550241103	1,839,326	1,295,300	SH		SOLE		1,295,300	0	0
M & T BK CORP	COM	55261F104	2,326,680	18,400	SH		SOLE		18,400	0	0
MGIC INVT CORP WIS	COM	552848103	2,455,099	147,100	SH		SOLE		147,100	0	0
MSC INDL DIRECT INC	CL A	553530106	21,004	214	SH		SOLE		214	0	0
MACYS INC	COM	55616P104	1,728,729	148,900	SH		SOLE		148,900	0	0
MANHATTAN ASSOCIATES INC	COM	562750109	2,300,762	11,640	SH		SOLE		11,640	0	0
MARATHON OIL CORP	COM	565849106	2,648,250	99,000	SH		SOLE		99,000	0	0
MARATHON PETE CORP	COM	56585A102	3,087,033	20,398	SH		SOLE		20,398	0	0
MARATHON PETE CORP	COM	56585A102	3,117,604	20,600	SH		SOLE		20,600	0	0
MARSH & MCLENNAN COS INC	COM	571748102	8,858,465	46,550	SH		SOLE		46,550	0	0
MARSH & MCLENNAN COS INC	COM	571748102	4,663,302	24,505	SH		SOLE		24,505	0	0
MASTERBRAND INC	COMMON STOCK	57638P104	2,647,485	217,900	SH		SOLE		217,900	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	112,855	1,492	SH		SOLE		1,492	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	26,247	347	SH		SOLE		347	0	0
MCDONALDS CORP	COM	580135101	7,503,825	28,484	SH		SOLE		28,484	0	0
MCDONALDS CORP	COM	580135101	943,906	3,583	SH		SOLE		3,583	0	0
MCKESSON CORP	COM	58155Q103	211,772	487	SH		SOLE		487	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	1,382,665	253,700	SH		SOLE		253,700	0	0
MERCK & CO INC	COM	58933Y105	10,100,425	98,110	SH		SOLE		98,110	0	0
MERCK & CO INC	COM	58933Y105	8,592,619	83,464	SH		SOLE		83,464	0	0
METLIFE INC	COM	59156R108	2,724,003	43,300	SH		SOLE		43,300	0	0
MICROSOFT CORP	COM	594918104	7,461,173	23,630	SH		SOLE		23,630	0	0
MICROSOFT CORP	COM	594918104	1,894,500	6,000	SH		SOLE		6,000	0	0
MOHAWK INDS INC	COM	608190104	2,102,345	24,500	SH		SOLE		24,500	0	0
MONDELEZ INTL INC	CL A	609207105	373,788	5,386	SH		SOLE		5,386	0	0
MONDELEZ INTL INC	CL A	609207105	655,275	9,442	SH		SOLE		9,442	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	1,850,603	34,950	SH		SOLE		34,950	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	1,031,201	19,475	SH		SOLE		19,475	0	0
MOSAIC CO NEW	COM	61945C103	2,367,400	66,500	SH		SOLE		66,500	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	7,475,983	27,461	SH		SOLE		27,461	0	0
NCR CORP NEW	COM	62886E108	2,500,119	92,700	SH		SOLE		92,700	0	0
NRG ENERGY INC	COM NEW	629377508	2,634,768	68,400	SH		SOLE		68,400	0	0
NATIONAL FUEL GAS CO	COM	636180101	17,130	330	SH		SOLE		330	0	0
NATIONAL FUEL GAS CO	COM	636180101	2,304,804	44,400	SH		SOLE		44,400	0	0
NNN REIT INC	COM	637417106	95,807	2,711	SH		SOLE		2,711	0	0
NETAPP INC	COM	64110D104	4,933,262	65,014	SH		SOLE		65,014	0	0
NEW FORTRESS ENERGY INC	COM CL A	644393100	2,615,844	79,800	SH		SOLE		79,800	0	0
RITHM CAPITAL CORP	COM NEW	64828T201	2,431,193	261,700	SH		SOLE		261,700	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	2,414,286	212,900	SH		SOLE		212,900	0	0
NEWELL BRANDS INC	COM	651229106	2,482,347	274,900	SH		SOLE		274,900	0	0
NEXSTAR MEDIA GROUP INC	COMMON STOCK	65336K103	2,021,517	14,100	SH		SOLE		14,100	0	0
NEXTERA ENERGY INC	COM	65339F101	31,853	556	SH		SOLE		556	0	0
NISOURCE INC	COM	65473P105	422,077	17,102	SH		SOLE		17,102	0	0
NORDSTROM INC	COM	655664100	1,764,414	118,100	SH		SOLE		118,100	0	0
NORFOLK SOUTHN CORP	COM	655844108	1,164,250	5,912	SH		SOLE		5,912	0	0
NORFOLK SOUTHN CORP	COM	655844108	451,560	2,293	SH		SOLE		2,293	0	0
GEN DIGITAL INC	COM	668771108	2,312,544	130,800	SH		SOLE		130,800	0	0
OGE ENERGY CORP	COM	670837103	1,549,012	46,475	SH		SOLE		46,475	0	0
OGE ENERGY CORP	COM	670837103	2,496,317	74,897	SH		SOLE		74,897	0	0
OLD REP INTL CORP	COM	680223104	4,957,202	184,009	SH		SOLE		184,009	0	0
OLD REP INTL CORP	COM	680223104	5,817,774	215,953	SH		SOLE		215,953	0	0
OLIN CORP	COM PAR $1	680665205	2,264,094	45,300	SH		SOLE		45,300	0	0
OLLIES BARGAIN OUTLET HLDGS	COM	681116109	29,714	385	SH		SOLE		385	0	0
OMNICOM GROUP INC	COM	681919106	659,446	8,854	SH		SOLE		8,854	0	0
ONEMAIN HLDGS INC	COM	68268W103	2,172,878	54,200	SH		SOLE		54,200	0	0
ORGANON & CO	COMMON STOCK	68622V106	2,041,536	117,600	SH		SOLE		117,600	0	0
OVINTIV INC	COM	69047Q102	2,939,826	61,800	SH		SOLE		61,800	0	0
PG&E CORP	COM	69331C108	206,529	12,804	SH		SOLE		12,804	0	0
PNC FINL SVCS GROUP INC	COM	693475105	2,222,137	18,100	SH		SOLE		18,100	0	0
PPL CORP	COM	69351T106	747,465	31,726	SH		SOLE		31,726	0	0
PPL CORP	COM	69351T106	292,521	12,416	SH		SOLE		12,416	0	0
PVH CORPORATION	COM	693656100	2,165,233	28,300	SH		SOLE		28,300	0	0
PTC INC	COM	69370C100	3,084,090	21,768	SH		SOLE		21,768	0	0
PACCAR INC	COM	693718108	6,606,054	77,700	SH		SOLE		77,700	0	0
PACCAR INC	COM	693718108	5,305,418	62,402	SH		SOLE		62,402	0	0
PACKAGING CORP AMER	COM	695156109	3,103,553	20,212	SH		SOLE		20,212	0	0
PACKAGING CORP AMER	COM	695156109	4,414,870	28,752	SH		SOLE		28,752	0	0
PACWEST BANCORP DEL	COM	695263103	2,161,803	273,300	SH		SOLE		273,300	0	0
PAYCHEX INC	COM	704326107	5,005,783	43,404	SH		SOLE		43,404	0	0
PENN ENTERTAINMENT INC	COM	707569109	2,042,550	89,000	SH		SOLE		89,000	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	2,606,136	15,600	SH		SOLE		15,600	0	0
PEPSICO INC	COM	713448108	6,587,488	38,878	SH		SOLE		38,878	0	0
PEPSICO INC	COM	713448108	3,921,180	23,142	SH		SOLE		23,142	0	0
PFIZER INC	COM	717081103	1,473,710	44,429	SH		SOLE		44,429	0	0
PFIZER INC	COM	717081103	6,802,968	205,094	SH		SOLE		205,094	0	0
PHILIP MORRIS INTL INC	COM	718172109	1,137,068	12,282	SH		SOLE		12,282	0	0
PHILIP MORRIS INTL INC	COM	718172109	81,841	884	SH		SOLE		884	0	0
PHILLIPS 66	COM	718546104	679,929	5,659	SH		SOLE		5,659	0	0
PHILLIPS 66	COM	718546104	6,527,750	54,330	SH		SOLE		54,330	0	0
PHILLIPS 66	COM	718546104	2,835,540	23,600	SH		SOLE		23,600	0	0
PHINIA INC	COMMON STOCK	71880K101	272,186	10,160	SH		SOLE		10,160	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	2,822,384	42,100	SH		SOLE		42,100	0	0
PINNACLE WEST CAP CORP	COM	723484101	45,534	618	SH		SOLE		618	0	0
PIONEER NAT RES CO	COM	723787107	2,616,870	11,400	SH		SOLE		11,400	0	0
POPULAR INC	COM NEW	733174700	2,356,574	37,400	SH		SOLE		37,400	0	0
PREMIER INC	CL A	74051N102	687,527	31,978	SH		SOLE		31,978	0	0
PREMIER INC	CL A	74051N102	1,922,100	89,400	SH		SOLE		89,400	0	0
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	2,356,689	32,700	SH		SOLE		32,700	0	0
PROCTER AND GAMBLE CO	COM	742718109	7,947,182	54,485	SH		SOLE		54,485	0	0
PROCTER AND GAMBLE CO	COM	742718109	6,781,761	46,495	SH		SOLE		46,495	0	0
PROGRESSIVE CORP	COM	743315103	18,806	135	SH		SOLE		135	0	0
PROGRESSIVE CORP	COM	743315103	35,939	258	SH		SOLE		258	0	0
PROSPERITY BANCSHARES INC	COM	743606105	295,059	5,406	SH		SOLE		5,406	0	0
PROSPERITY BANCSHARES INC	COM	743606105	545,473	9,994	SH		SOLE		9,994	0	0
PRUDENTIAL FINL INC	COM	744320102	2,618,964	27,600	SH		SOLE		27,600	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	273,680	4,809	SH		SOLE		4,809	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	5,919	104	SH		SOLE		104	0	0
PULTE GROUP INC	COM	745867101	2,399,220	32,400	SH		SOLE		32,400	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	16,451	135	SH		SOLE		135	0	0
RB GLOBAL INC	COM	74935Q107	1,003,750	16,060	SH		SOLE		16,060	0	0
RB GLOBAL INC	COM	74935Q107	1,006,188	16,099	SH		SOLE		16,099	0	0
RLI CORP	COM	749607107	306,568	2,256	SH		SOLE		2,256	0	0
RLI CORP	COM	749607107	188,208	1,385	SH		SOLE		1,385	0	0
RANGE RES CORP	COM	75281A109	2,654,379	81,900	SH		SOLE		81,900	0	0
REALTY INCOME CORP	COM	756109104	27,267	546	SH		SOLE		546	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	41,148	50	SH		SOLE		50	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	1,773,479	2,155	SH		SOLE		2,155	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	2,170,640	126,200	SH		SOLE		126,200	0	0
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	171,324	1,180	SH		SOLE		1,180	0	0
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	2,352,078	16,200	SH		SOLE		16,200	0	0
RINGCENTRAL INC	CL A	76680R206	2,097,804	70,800	SH		SOLE		70,800	0	0
ROLLINS INC	COM	775711104	5,314,821	142,374	SH		SOLE		142,374	0	0
ROLLINS INC	COM	775711104	1,410,813	37,793	SH		SOLE		37,793	0	0
ROPER TECHNOLOGIES INC	COM	776696106	8,291,358	17,121	SH		SOLE		17,121	0	0
ROPER TECHNOLOGIES INC	COM	776696106	5,455,414	11,265	SH		SOLE		11,265	0	0
RYDER SYS INC	COM	783549108	3,069,465	28,700	SH		SOLE		28,700	0	0
SLM CORP	COM	78442P106	1,878,198	137,900	SH		SOLE		137,900	0	0
SPDR SER TR	S&P REGL BKG	78464A698	21,550,647	515,936	SH		SOLE		515,936	0	0
SPDR SER TR	S&P REGL BKG	78464A698	43,144,400	1,032,904	SH		SOLE		1,032,904	0	0
SPDR SER TR	S&P BK ETF	78464A797	6,633,000	180,000	SH		SOLE		180,000	0	0
SPDR SER TR	S&P BIOTECH	78464A870	26,106,987	357,532	SH		SOLE		357,532	0	0
SPDR SER TR	S&P BIOTECH	78464A870	58,414,321	799,977	SH		SOLE		799,977	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	559,396	3,782	SH		SOLE		3,782	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	843,531	5,703	SH		SOLE		5,703	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	5,176,850	35,000	SH		SOLE		35,000	0	0
SPDR SER TR	RUSSELL LOW VO	78468R754	315,921,243	3,012,245	SH		SOLE		3,012,245	0	0
SPDR SER TR	RUSSELL MOMENT	78468R762	108,181,228	1,150,130	SH		SOLE		1,150,130	0	0
SPDR SER TR	RUSSELL YIELD	78468R770	302,849,572	3,312,764	SH		SOLE		3,312,764	0	0
SSR MINING IN	COM	784730103	6,580,823	495,171	SH		SOLE		495,171	0	0
SSR MINING IN	COM	784730103	4,890,202	367,961	SH		SOLE		367,961	0	0
SCHNEIDER NATIONAL INC	CL B	80689H102	3,245,130	117,195	SH		SOLE		117,195	0	0
SCIENCE APPLICATIONS INTL CO	COM	808625107	2,543,408	24,099	SH		SOLE		24,099	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	459,282	5,847	SH		SOLE		5,847	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	829,858	6,446	SH		SOLE		6,446	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	9,398,020	73,000	SH		SOLE		73,000	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	338,408	4,918	SH		SOLE		4,918	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	13,762,000	200,000	SH		SOLE		200,000	0	0
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	92,743	2,796	SH		SOLE		2,796	0	0
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	1,617,436	48,762	SH		SOLE		48,762	0	0
SELECT SECTOR SPDR TR	INDL	81369Y704	809,519	7,985	SH		SOLE		7,985	0	0
SEMPRA	COM	816851109	570,976	8,393	SH		SOLE		8,393	0	0
SEMPRA	COM	816851109	971,536	14,281	SH		SOLE		14,281	0	0
SERVICE CORP INTL	COM	817565104	727,621	12,734	SH		SOLE		12,734	0	0
SILGAN HLDGS INC	COM	827048109	307,978	7,144	SH		SOLE		7,144	0	0
SIRIUS XM HOLDINGS INC	COM	82968B103	76,628	16,953	SH		SOLE		16,953	0	0
SMUCKER J M CO	COM NEW	832696405	224,065	1,823	SH		SOLE		1,823	0	0
SMUCKER J M CO	COM NEW	832696405	1,977,991	16,093	SH		SOLE		16,093	0	0
SONOCO PRODS CO	COM	835495102	1,494,842	27,504	SH		SOLE		27,504	0	0
SONOCO PRODS CO	COM	835495102	1,737,678	31,972	SH		SOLE		31,972	0	0
SOUTHERN CO	COM	842587107	16,892	261	SH		SOLE		261	0	0
SOUTHERN CO	COM	842587107	19,740	305	SH		SOLE		305	0	0
SOUTHERN COPPER CORP	COM	84265V105	7,308,174	97,067	SH		SOLE		97,067	0	0
SOUTHERN COPPER CORP	COM	84265V105	2,801,691	37,212	SH		SOLE		37,212	0	0
SOUTHWEST AIRLS CO	COM	844741108	2,060,027	76,100	SH		SOLE		76,100	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	2,858,640	443,200	SH		SOLE		443,200	0	0
STARWOOD PPTY TR INC	COM	85571B105	2,378,115	122,900	SH		SOLE		122,900	0	0
STATE STR CORP	COM	857477103	2,109,240	31,500	SH		SOLE		31,500	0	0
STEEL DYNAMICS INC	COM	858119100	2,519,670	23,500	SH		SOLE		23,500	0	0
STIFEL FINL CORP	COM	860630102	2,439,168	39,700	SH		SOLE		39,700	0	0
SYNOPSYS INC	COM	871607107	130,347	284	SH		SOLE		284	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	2,096,120	75,400	SH		SOLE		75,400	0	0
TD SYNNEX CORPORATION	COM	87162W100	2,506,486	25,100	SH		SOLE		25,100	0	0
SYNCHRONY FINANCIAL	COM	87165B103	2,115,444	69,200	SH		SOLE		69,200	0	0
SYNCHRONY FINANCIAL	COM	87165B103	4,616,070	151,000	SH		SOLE		151,000	0	0
TFS FINL CORP	COM	87240R107	3,211,435	271,695	SH		SOLE		271,695	0	0
T-MOBILE US INC	COM	872590104	7,952,599	56,784	SH		SOLE		56,784	0	0
T-MOBILE US INC	COM	872590104	6,977,291	49,820	SH		SOLE		49,820	0	0
TEXAS ROADHOUSE INC	COM	882681109	545,079	5,672	SH		SOLE		5,672	0	0
TOLL BROTHERS INC	COM	889478103	2,322,344	31,400	SH		SOLE		31,400	0	0
TRAVEL PLUS LEISURE CO	COM	894164102	2,093,610	57,000	SH		SOLE		57,000	0	0
TRAVELERS COMPANIES INC	COM	89417E109	7,276,114	44,554	SH		SOLE		44,554	0	0
TRAVELERS COMPANIES INC	COM	89417E109	5,838,496	35,751	SH		SOLE		35,751	0	0
TRUIST FINL CORP	COM	89832Q109	2,045,615	71,500	SH		SOLE		71,500	0	0
UGI CORP NEW	COM	902681105	1,826,200	79,400	SH		SOLE		79,400	0	0
US BANCORP DEL	COM NEW	902973304	2,347,260	71,000	SH		SOLE		71,000	0	0
UNION PAC CORP	COM	907818108	3,846,774	18,891	SH		SOLE		18,891	0	0
UNITED AIRLS HLDGS INC	COM	910047109	1,954,260	46,200	SH		SOLE		46,200	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	15,431	99	SH		SOLE		99	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	609,919	3,913	SH		SOLE		3,913	0	0
UNITED RENTALS INC	COM	911363109	2,667,420	6,000	SH		SOLE		6,000	0	0
UNITED STATES STL CORP NEW	COM	912909108	3,387,664	104,300	SH		SOLE		104,300	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	752,147	3,330	SH		SOLE		3,330	0	0
UNUM GROUP	COM	91529Y106	2,518,528	51,200	SH		SOLE		51,200	0	0
V F CORP	COM	918204108	2,155,740	122,000	SH		SOLE		122,000	0	0
VALERO ENERGY CORP	COM	91913Y100	178,980	1,263	SH		SOLE		1,263	0	0
VALERO ENERGY CORP	COM	91913Y100	1,621,446	11,442	SH		SOLE		11,442	0	0
VALERO ENERGY CORP	COM	91913Y100	2,919,226	20,600	SH		SOLE		20,600	0	0
VANECK ETF TRUST	GOLD MINERS ET	92189F106	864,161	32,113	SH		SOLE		32,113	0	0
VANECK ETF TRUST	GOLD MINERS ET	92189F106	41,452,272	1,540,404	SH		SOLE		1,540,404	0	0
VANECK ETF TRUST	GOLD MINERS ET	92189F106	3,363,750	125,000	SH		SOLE		125,000	0	0
VANECK ETF TRUST	SEMICONDUCTR E	92189F676	950,199	6,554	SH		SOLE		6,554	0	0
VANECK ETF TRUST	JUNIOR GOLD MI	92189F791	21,524,773	667,849	SH		SOLE		667,849	0	0
VANECK ETF TRUST	JUNIOR GOLD MI	92189F791	180,733,270	5,607,610	SH		SOLE		5,607,610	0	0
VANECK ETF TRUST	OIL SERVICES E	92189H607	13,111,520	38,000	SH		SOLE		38,000	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	11,406,600	90,000	SH		SOLE		90,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT E	922042858	274,376,131	6,997,606	SH		SOLE		6,997,606	0	0
VANGUARD INDEX FDS	S&P 500 ETF SH	922908363	447,285	1,139	SH		SOLE		1,139	0	0
VERISIGN INC	COM	92343E102	7,240,245	35,749	SH		SOLE		35,749	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	7,986,505	246,421	SH		SOLE		246,421	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	7,524,111	232,154	SH		SOLE		232,154	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	2,129,337	65,700	SH		SOLE		65,700	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	4,150,972	11,937	SH		SOLE		11,937	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	4,775,513	13,733	SH		SOLE		13,733	0	0
VIATRIS INC	COM	92556V106	56,606	5,741	SH		SOLE		5,741	0	0
VIATRIS INC	COM	92556V106	2,451,196	248,600	SH		SOLE		248,600	0	0
VICI PPTYS INC	COM	925652109	29,071	999	SH		SOLE		999	0	0
VICTORIAS SECRET AND CO	COMMON STOCK	926400102	2,151,720	129,000	SH		SOLE		129,000	0	0
VIRTU FINL INC	CL A	928254101	2,189,836	126,800	SH		SOLE		126,800	0	0
VISTRA CORP	COM	92840M102	3,115,602	93,900	SH		SOLE		93,900	0	0
VMWARE INC	CL A COM	928563402	1,316,690	7,909	SH		SOLE		7,909	0	0
VMWARE INC	CL A COM	928563402	927,127	5,569	SH		SOLE		5,569	0	0
VOYA FINANCIAL INC	COM	929089100	2,159,625	32,500	SH		SOLE		32,500	0	0
WP CAREY INC	COM	92936U109	1,362,492	25,194	SH		SOLE		25,194	0	0
WEC ENERGY GROUP INC	COM	92939U106	338,310	4,200	SH		SOLE		4,200	0	0
WEC ENERGY GROUP INC	COM	92939U106	118,972	1,477	SH		SOLE		1,477	0	0
WABTEC	COM	929740108	176,833	1,664	SH		SOLE		1,664	0	0
WABTEC	COM	929740108	806,908	7,593	SH		SOLE		7,593	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,650,208	74,200	SH		SOLE		74,200	0	0
WEBSTER FINL CORP	COM	947890109	2,426,662	60,200	SH		SOLE		60,200	0	0
WELLS FARGO CO NEW	COM	949746101	2,259,558	55,300	SH		SOLE		55,300	0	0
WESCO INTL INC	COM	95082P105	2,171,682	15,100	SH		SOLE		15,100	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	2,749,006	59,800	SH		SOLE		59,800	0	0
WESTERN UN CO	COM	959802109	2,604,368	197,600	SH		SOLE		197,600	0	0
WESTLAKE CORPORATION	COM	960413102	2,605,603	20,900	SH		SOLE		20,900	0	0
WHIRLPOOL CORP	COM	963320106	2,192,680	16,400	SH		SOLE		16,400	0	0
WILLIAMS SONOMA INC	COM	969904101	2,890,440	18,600	SH		SOLE		18,600	0	0
WINTRUST FINL CORP	COM	97650W108	2,506,600	33,200	SH		SOLE		33,200	0	0
WORLD GOLD TR	SPDR GLD MINIS	98149E303	4,765,800	130,000	SH		SOLE		130,000	0	0
XCEL ENERGY INC	COM	98389B100	2,112,849	36,925	SH		SOLE		36,925	0	0
XCEL ENERGY INC	COM	98389B100	2,959,361	51,719	SH		SOLE		51,719	0	0
YUM BRANDS INC	COM	988498101	380,067	3,042	SH		SOLE		3,042	0	0
ZIONS BANCORPORATION N A	COM	989701107	2,634,195	75,500	SH		SOLE		75,500	0	0
ZOETIS INC	CL A	98978V103	6,363,666	36,577	SH		SOLE		36,577	0	0