Shares
Market
Value
COMMON
STOCKS
—
78.1%
Aerospace
and
Defense
—
2.1%
2,000
Aerojet
Rocketdyne
Holdings
Inc.†
............
$
87,380
Automotive:
Parts
and
Accessories
—
4.4%
4,000
Meritor
Inc.†
............................................
145,680
2,000
Tenneco
Inc.,
Cl. A†
..................................
37,740
183,420
Broadcasting
—
3.7%
1,000
Liberty
Media
Corp.-
Liberty
Braves,
Cl. C†
27,670
1,000
Liberty
Media
Corp.-
Liberty
SiriusXM,
Cl. C†
...................................................
39,820
4,000
TEGNA
Inc.
..............................................
83,760
151,250
Business
Services
—
4.2%
3,500
Nielsen
Holdings
plc
.................................
83,825
2,500
PFSweb
Inc.†
...........................................
27,275
1,500
Resolute
Forest
Products
Inc.†
.................
30,420
1,000
USA
Truck
Inc.†
.......................................
31,180
172,700
Computer
Software
and
Services
—
16.7%
1,600
Activision
Blizzard
Inc.
..............................
127,920
250
Black
Knight
Inc.†
....................................
16,420
1,000
Citrix
Systems
Inc.
...................................
101,410
1,000
Convey
Health
Solutions
Holdings
Inc.†
....
10,450
6,000
Mandiant
Inc.†
.........................................
136,680
1,500
Sailpoint
Technologies
Holdings
Inc.†
.......
95,655
500
Tufin
Software
Technologies
Ltd.†
.............
6,185
2,000
Twitter
Inc.†
.............................................
83,220
1,500
Zendesk
Inc.†
...........................................
113,130
691,070
Consumer
Services
—
0.5%
500
Terminix
Global
Holdings
Inc.†
.................
22,350
Electronics
—
6.8%
3,000
NeoPhotonics
Corp.†
................................
47,970
2,500
Plantronics
Inc.†
......................................
99,475
500
Rogers
Corp.†
..........................................
134,625
282,070
Energy
and
Utilities
—
2.8%
500
PNM
Resources
Inc.
.................................
24,135
2,500
Shell
Midstream
Partners
LP
....................
40,125
1,500
South
Jersey
Industries
Inc.
.....................
51,420
115,680
Financial
Services
—
11.6%
250
Alleghany
Corp.†
......................................
209,370
5,000
First
Horizon
Corp.
...................................
111,800
10,000
MoneyGram
International
Inc.†
.................
101,600
1,500
Pershing
Square
Tontine
Holdings
Ltd.,
Escrow†
...............................................
150
1,000
Randolph
Bancorp
Inc.
.............................
26,540
Shares
Market
Value
3,000
Waverley
Capital
Acquisition
Corp.
1,
Cl. A†
...................................................
$
29,160
478,620
Health
Care
—
13.8%
2,000
1Life
Healthcare
Inc.†
...............................
33,880
1,000
Biohaven
Pharmaceutical
Holding
Co.
Ltd.†
....................................................
146,020
2,300
Change
Healthcare
Inc.†
...........................
55,821
2,000
Covetrus
Inc.†
..........................................
41,540
5,000
Epizyme
Inc.†
...........................................
7,400
1,000
F-star
Therapeutics
Inc.†
..........................
6,450
1,000
Hanger
Inc.†
............................................
18,570
1,000
La
Jolla
Pharmaceutical
Co.†
....................
6,210
750
LHC
Group
Inc.†
......................................
122,295
1,000
Meridian
Bioscience
Inc.†
.........................
31,660
1,000
Radius
Health
Inc.†
..................................
10,080
1,250
Turning
Point
Therapeutics
Inc.†
...............
93,725
573,651
Machinery
—
0.9%
8,000
Intevac
Inc.†
............................................
38,560
Real
Estate
—
3.8%
2,000
American
Campus
Communities
Inc.,
REIT
130,640
1,000
Bluerock
Residential
Growth
REIT
Inc.
......
26,270
156,910
Semiconductors
—
2.9%
2,500
Tower
Semiconductor
Ltd.†
......................
119,650
Specialty
Chemicals
—
1.9%
2,500
GCP
Applied
Technologies
Inc.†
................
78,750
Telecommunications
—
2.0%
2,500
Switch
Inc.,
Cl. A
......................................
84,525
TOTAL
COMMON
STOCKS
..................
3,236,586
PREFERRED
STOCKS
—
0.6%
Consumer
Services
—
0.6%
500
Qurate
Retail
Inc.,
8.000%,
03/15/31
........
26,450
WARRANTS
—
0.0%
Financial
Services
—
0.0%
1,000
Waverley
Capital
Acquisition
Corp.
1,
expire
04/30/27†
...................................
250
