| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,750 | 2,375 | 2,375 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADIENT PLC ORD SHS | 3,982 | 9,318 |
| HORIZON THERAPEUTICS PUB L | 7,397 | 7,681 |
| JAZZ PHARMACEUTICALS PLC SHS USD | 9,065 | 10,068 |
| LIBERTY GLOBAL PLC SHS CL C | 91,969 | 89,775 |
| LINDE PLC | 7,309 | 12,385 |
| STERIS PLC SHS USD | 4,382 | 10,993 |
| LIBERTY LATIN AMERICA LTD COM CL C | 2,385 | 954 |
| ALCON AG ORD SHS | 10,528 | 10,887 |
| CHECK POINT SOFTWARE TECH LTD ORD | 14,144 | 19,006 |
| AERCAP HOLDINGS NV | 15,006 | 18,733 |
| YANDEX N V SHS CLASS A | 3,013 | 7,515 |
| FLEX LTD ORD | 12,876 | 25,118 |
| AIA GROUP LTD SPONSORED ADR | 15,723 | 29,281 |
| ACADIA HEALTHCARE COMPANY INC | 10,878 | 12,615 |
| ADIDAS AG ADR SUBJECT TO CUSTODY FEE | 8,756 | 13,907 |
| ADOBE SYSTEMS INCORPORATED | 6,938 | 32,508 |
| ADYEN N V UNSPONSRED ADS | 17,690 | 36,424 |
| AFFILIATED MANAGERS GROUP INC | 47,847 | 77,699 |
| AIR LEASE CORP CL A | 8,479 | 14,436 |
| AIR LIQUIDE ADR | 5,294 | 8,058 |
| ALFA LAVAL AB SWEDEN ADR | 5,685 | 9,221 |
| ALIBABA GROUP HLDG LTD SPONSORED ADS SUBJECT TO CUSTODY FEES | 18,416 | 21,877 |
| ALIGN TECHNOLOGY INC | 7,000 | 18,703 |
| ALLIANCE DATA SYSTEMS CORP | 8,714 | 9,559 |
| ALLIANZ SE UNSPONSRD ADS | 15,322 | 20,952 |
| ALPHABET INC CAP STK CL C | 10,884 | 22,774 |
| AMAZON COM INC | 7,321 | 55,368 |
| AMBEV SA SPONSORED ADR | 11,718 | 9,633 |
| AMERICAN CAMPUS CMNTYS INC REIT | 6,375 | 7,314 |
| AMERIPRISE FINL INC | 29,693 | 46,445 |
| APPLE INC | 12,642 | 14,065 |
| APTARGROUP INC | 6,364 | 10,814 |
| ARROW ELECTRS INC | 13,403 | 21,114 |
| ARTISAN PARTNERS ASSET MGMT IN CL A | 4,910 | 5,084 |
| ASSURANT INC | 18,058 | 22,612 |
| ATLANTIC UN BANKSHARES CORP | 6,503 | 5,666 |
| ATLAS COPCO AB SP ADR A NEW | 13,082 | 25,846 |
| AUTODESK INC | 13,810 | 27,481 |
| BJS WHSL CLUB HLDGS INC | 8,173 | 11,706 |
| BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR | 17,119 | 13,076 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | 37,619 | 61,677 |
| BERRY GLOBAL GROUP INC | 14,116 | 21,802 |
| BIO RAD LABS INC CL A | 7,133 | 13,991 |
| BOOZ ALLEN HAMILTON HLDG CORP CL A | 4,725 | 12,903 |
| BRIGHT HORIZONS FAM SOL IN DEL | 5,699 | 8,477 |
| BROADCOM INC | 23,097 | 44,223 |
| BURLINGTON STORES INC | 19,696 | 35,309 |
| CANADIAN NATL RY CO | 5,402 | 8,239 |
| CARTER'S INC | 7,110 | 6,867 |
| CATALENT INC | 4,833 | 15,506 |
| CAVCO INDS INC DEL | 5,458 | 8,597 |
| CELANESE CORP DEL | 26,998 | 38,852 |
| CENTENE CORP DEL | 35,772 | 38,719 |
| LUMEN TECHNOLOGIES INC | 64,190 | 38,347 |
| CERENCE INC | 7,108 | 16,780 |
| CHEMED CORP NEW | 6,421 | 7,457 |
| CHEVRON CORP NEW | 54,418 | 52,612 |
| CHIPOTLE MEXICAN GRILL INC | 10,006 | 11,094 |
| CHUGAI PHARMACEUTICAL CO LTD ADR | 7,732 | 17,982 |
| CITIGROUP INC COM NEW | 62,255 | 73,869 |
| COGNEX CORP | 3,832 | 10,838 |
| COMMSCOPE HLDG CO INC | 9,995 | 8,415 |
| CONCENTRIX CORP | 5,791 | 13,719 |
| CORESITE RLTY CORP REIT | 6,509 | 7,392 |
| COSTCO WHSL CORP NEW | 6,918 | 7,159 |
| CROWN HLDGS INC | 23,033 | 39,078 |
| DBS GROUP HOLDINGS LTD SPONSORED ADR | 15,717 | 21,370 |
| DANONE SPONSORED ADR | 40,526 | 39,392 |
| DASSAULT SYS S A SPONSORED ADR | 17,514 | 25,866 |
| DELL TECHNOLOGIES INC CL C | 21,705 | 39,650 |
| DEXCOM INC | 6,499 | 17,007 |
| DIAGEO PLC SPON ADR NEW | 11,804 | 11,911 |
| DORMAN PRODS INC | 5,980 | 9,377 |
| DRIL QUIP INC | 4,525 | 2,281 |
| EOG RES INC | 53,392 | 45,332 |
| EAGLE MATLS INC | 8,160 | 9,324 |
| EASTERLY GOVT PPTYS INC REIT | 8,600 | 10,374 |
| EDWARDS LIFESCIENCES CORP | 7,005 | 18,064 |
| ELEMENT SOLUTIONS INC | 8,880 | 8,741 |
| ENTEGRIS INC | 5,861 | 13,742 |
| ENVESTNET INC | 5,249 | 6,419 |
| EPAM SYS INC | 4,533 | 12,542 |
| EPIROC AKTIEBOLAG UNSPONSRED ADS | 6,425 | 12,108 |
| EXPONENT INC | 3,853 | 16,115 |
| FACEBOOK INC CL A | 4,515 | 17,482 |
| FAIRFAX FINL HLDGS LTD SUB VTG | 65,996 | 63,074 |
| FANUC CORPORATION ADR | 6,421 | 8,123 |
| FEDERAL SIGNAL CORP | 7,213 | 8,724 |
| FIVE BELOW INC | 2,729 | 10,499 |
| FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS | 13,507 | 12,350 |
| FUCHS PETROLUB SE ADR | 3,884 | 4,611 |
| GARTNER INC | 6,125 | 11,213 |
| GENERAL MTRS CO | 59,283 | 74,119 |
| GIBRALTAR INDS INC | 9,581 | 15,251 |
| GLACIER BANCORP INC NEW | 3,577 | 6,625 |
| GLOBAL PMTS INC | 6,380 | 9,048 |
| GLOBUS MED INC CL A | 6,006 | 8,609 |
| GRACE W R & CO DEL NEW | 9,063 | 9,593 |
| GRACO INC | 3,824 | 10,201 |
| GRAND CANYON ED INC | 6,778 | 5,400 |
| HCA HEALTHCARE INC | 35,187 | 47,529 |
| HDFC BANK LTD SPONSORED ADS | 5,633 | 9,466 |
| HANESBRANDS INC | 9,768 | 13,822 |
| HEXCEL CORP NEW | 9,694 | 7,807 |
| HUBSPOT INC | 7,269 | 20,218 |
| HUDSON PAC PPTYS INC REIT | 8,173 | 7,086 |
| ICICI BANK LIMITED ADR | 5,712 | 11,294 |
| IDACORP INC | 9,262 | 9,891 |
| INFINEON TECHNOLOGIES AG SPONSORED ADR | 17,746 | 38,473 |
| INGERSOLL RAND INC | 7,876 | 14,625 |
| INTEGER HLDGS CORP | 6,215 | 6,820 |
| INTUITIVE SURGICAL INC COM NEW | 14,808 | 22,907 |
| ITAU UNIBANCO HLDG S A SPON ADR REP PFD | 12,844 | 13,684 |
| JPMORGAN CHASE & CO COM | 30,991 | 55,911 |
| JOHNSON & JOHNSON | 32,737 | 48,788 |
| KEMPER CORP | 7,126 | 7,990 |
| KINSALE CAP GROUP INC | 4,627 | 8,205 |
| KOMATSU LTD SPON ADR NEW | 8,437 | 11,627 |
| KUBOTA CORP ADR | 9,669 | 13,903 |
| L OREAL CO ADR | 11,294 | 23,759 |
| LANCASTER COLONY CORP | 7,587 | 10,105 |
| LINCOLN NATL CORP IND | 36,443 | 30,991 |
| LITHIA MTRS INC CL A | 5,476 | 16,682 |
| LONZA GROUP AG UNSPONSORED ADR | 8,771 | 21,210 |
| LULULEMON ATHLETICA INC | 7,029 | 7,309 |
| MAGNA INTL INC | 44,114 | 78,730 |
| MARKETAXESS HLDGS INC | 1,160 | 9,700 |
| MASTERCARD INCORPORATED CL A | 14,593 | 43,547 |
| MERCADOLIBRE INC | 6,842 | 18,427 |
| MICROSOFT CORP | 36,195 | 97,420 |
| MOLINA HEALTHCARE INC | 6,957 | 9,358 |
| NRG ENERGY INC COM NEW | 28,618 | 29,627 |
| NESTLE S A SPONSORED ADR | 11,442 | 18,023 |
| NEUROCRINE BIOSCIENCES INC | 9,348 | 9,585 |
| NORDSON CORP | 5,302 | 12,861 |
| NOVOZYMES A/S UNSPONSORED ADR | 6,391 | 7,020 |
| NVIDIA CORPORATION | 11,386 | 31,332 |
| OGE ENERGY CORP | 3,143 | 3,250 |
| O-I GLASS INC | 5,072 | 5,986 |
| OIL COMPANY LUKOIL PJSC SPONSORED ADR | 10,325 | 8,477 |
| PARSLEY ENERGY INC CL A | 13,201 | 9,940 |
| PAYPAL HLDGS INC | 10,519 | 41,453 |
| PERFORMANCE FOOD GROUP CO | 4,606 | 5,761 |
| PHYSICIANS RLTY TR REIT | 8,892 | 8,704 |
| PING AN INS GROUP CO CHINA LTD SPON ADR REP H | 11,145 | 12,201 |
| PINNACLE FINL PARTNERS INC | 10,295 | 11,592 |
| PIPER SANDLER COMPANIES | 6,564 | 8,576 |
| POLARIS INC | 8,134 | 8,289 |
| POOL CORP | 2,355 | 8,195 |
| PORTLAND GEN ELEC CO COM NEW | 6,749 | 7,442 |
| POWER CORP CDA | 41,188 | 58,566 |
| POWER INTEGRATIONS INC | 2,105 | 7,204 |
| QUAKER CHEM CORP | 5,839 | 13,176 |
| QUALCOMM INC | 10,124 | 10,664 |
| QUANTA SVCS INC | 13,259 | 28,448 |
| QURATE RETAIL INC COM SER A | 17,471 | 19,406 |
| RPM INTL INC | 4,920 | 14,434 |
| RAPID7 INC | 3,542 | 13,885 |
| RBC BEARINGS INC | 4,165 | 13,249 |
| RESOLUTE FST PRODS INC | 13,292 | 11,576 |
| RIO TINTO PLC SPONSORED ADR | 11,949 | 17,827 |
| RITCHIE BROS AUCTIONEERS | 4,156 | 13,840 |
| ROCHE HLDG LTD SPONSORED ADR SUBJECT TO CUSTODY FEE | 17,267 | 22,709 |
| ROYAL DUTCH SHELL PLC SPON ADR B | 11,090 | 9,176 |
| SPX FLOW INC | 22,095 | 41,383 |
| SALESFORCE COM INC | 8,500 | 31,377 |
| SAP SE SPON ADR | 19,772 | 26,469 |
| SCHNEIDER ELECTRIC SE UNSPONSORD ADR | 12,609 | 19,715 |
| SCHNEIDER NATIONAL INC CL B | 5,368 | 5,009 |
| SERVICENOW INC | 14,773 | 50,089 |
| SGS SA UNSPONSORED ADR | 6,492 | 7,621 |
| SHIONOGI & CO LTD UNSPONSORED ADS | 6,078 | 6,480 |
| SIGNATURE BK NEW YORK N Y | 9,108 | 11,364 |
| SILICON LABORATORIES INC | 7,438 | 11,333 |
| SONOVA HLDG AG UNSPONSORED ADR | 5,427 | 11,346 |
| SPLUNK INC | 4,345 | 14,780 |
| SQUARE INC CL A | 6,953 | 29,164 |
| SUMMIT HOTEL PPTYS INC REIT | 9,909 | 6,154 |
| SUN CMNTYS INC REIT | 6,534 | 13,220 |
| SUNCOR ENERGY INC NEW | 59,794 | 46,481 |
| SYMRISE AG UNSPONSORD ADR | 6,133 | 13,539 |
| SYNNEX CORP | 4,743 | 11,320 |
| SYNEOS HEALTH INC CL A | 11,098 | 12,808 |
| SYSMEX CORP UNSPONSORED ADR | 6,916 | 14,256 |
| TCF FINL CORP | 10,118 | 9,514 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | 11,379 | 38,600 |
| TENCENT HOLDINGS LIMITED UNSPON ADR | 14,567 | 21,639 |
| TEXAS ROADHOUSE INC | 9,116 | 11,255 |
| TORO CO | 4,524 | 13,372 |
| TRACTOR SUPPLY CO | 10,685 | 9,700 |
| TRANSDIGM GROUP INC | 3,994 | 8,045 |
| UNICHARM CORP SPONSORED ADR | 14,223 | 18,883 |
| UNILEVER PLC SPON ADR NEW | 10,879 | 13,098 |
| UNITED RENTALS INC | 23,984 | 48,701 |
| UNITY SOFTWARE INC | 1,663 | 1,535 |
| UNIVAR SOLUTIONS USA INC | 5,956 | 9,353 |
| VAIL RESORTS INC | 4,718 | 6,416 |
| VEEVA SYS INC CL A COM | 8,198 | 38,115 |
| VISA INC COM CL A | 13,819 | 40,903 |
| VODAFONE GROUP PLC NEW SPONSORED ADR | 76,407 | 54,038 |
| VOYA FINANCIAL INC | 8,880 | 11,527 |
| WESTERN ALLIANCE BANCORP | 11,768 | 14,028 |
| WESTERN DIGITAL CORP. | 40,436 | 48,799 |
| WHIRLPOOL CORP | 29,373 | 53,786 |
| WORKDAY INC CL A | 4,691 | 13,897 |
| XPO LOGISTICS INC | 15,522 | 31,230 |
| ZEBRA TECHNOLOGIES CORPORATION CL A | 3,415 | 19,217 |
| ZENDESK INC | 4,818 | 7,442 |
| NITORI HOLDINGS CO LTD UNSPONSRD ADS | 6,432 | 9,150 |
| PHAEACIAN ACCENT INTERNATIONAL | 704,373 | 857,648 |
| DRIEHAUS EMERGING MARKETS | 0 | 625,316 |
| FPA NEW INCOME FD | 3,516,631 | 3,547,041 |
| LOCORR MACRO STRAT FD CL I | 463,264 | 448,647 |
| MATTHEWS ASIA DIVIDEND FUND | 470,251 | 623,153 |
| ROYCE SPECIAL EQUITY FD OPEN END | 1,111,580 | 1,061,639 |
| FPA NEW INCOME FD | 110,645 | 111,306 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GPI CAPITAL GLOBAL PARTNERSHIP | AT COST | 375,788 | 442,473 |
| KL SPECIAL OPPORTUNITIES | AT COST | 650,000 | 704,047 |
| XANTHUS FUND LLC | AT COST | 400,000 | 1,161,057 |
| SUVRETTA OFFSHORE | AT COST | 700,000 | 700,000 |
| ALTEGRIS RENAISSANCE FUND II LTD | AT COST | 765,000 | 633,863 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ESTIMATED FED. EXCISE TAX PAID | 26,510 | 5,360 | 5,360 |
| Description | Amount |
|---|---|
| CASH BASIS INVESTMENT TIMING ADJUSTMENTS | 341,134 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE AND SHIPPING | 36 | 0 | 36 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ADVANTAGE ADVISERS XANTHUS FUND K-1 INVESTMENT INCOME | 104,557 | ||
| GPI CAPITAL GLOBAL | 18,961 | ||
| EXCISE TAX REFUND | 385 | 385 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NET OPTIONS VALUE | -23,994 | -18,093 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 153,722 | 142,379 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX PAID | 5,355 | 0 | 0 | |
| FOREIGN TAX PAID | 4,431 | 5,623 | 0 |