Monday, September 19, 2016

The 516 US Companies With Market Caps Several Months Ago of $1-2 Bil Registered First Half 2016 US GAAP Total Earnings of Only $0.315 Bil, Down 98% or Down $19.779 Bil From Their First Half 2015 Total US GAAP Earnings of $20.094 Bil ..... Further, This 98% Total Earnings Decline in the First Half 2016 Was On Top of the 69% Total Audited US GAAP Earnings Decline in Annual 2015 From Annual 2014 and Also on Top of Another 57% Total Audited US GAAP Earnings Decline in Annual 2014 From Annual 2013 ..... And the US Congress Has Done Almost Nothing To Keep US Publicly-Held Companies With Market Caps Under $2 Bil From Sinking in the Quicksand

From a review of the superb Google Finance Website and of company financial statements in the US SEC website, I found the 516 Companies headquartered in the US with Stock Market Capitalizations several months ago of $1-2 Bil.  Traditional Regulated Utility Companies are excluded.

These 516 US Companies posted First Half 2016 US GAAP Earnings From Continuing Operations of only $0.315 Bil, which were down 98% from the $20.094 Bil registered in the First Half 2015.  The First Half Earnings amounts are predominately for the Six Months Ended June, with the remainder being for the Six Months Ended in either May or in July.  Four of these 516 US Companies has not yet reported either its June 2016 or July 2016 quarterly earnings with the SEC and thus these quarterly earnings were excluded below.

If Caesars Entertainment, which had huge Deconsolidation and Restructuring Adjustments in both periods, were excluded, the other 515 US Companies generated First Half 2016 US GAAP Total Earnings of $2.632 Bil, which were down 80% from their US GAAP Total Earnings in the First Half 2015 of $13.240 Bil.

It's pretty clear that Freddie Mac still doesn't have its hedging program under control.

With the below large US GAAP Losses of so many Oil and Gas Companies, you can see why Oil Prices and overall Stock Market prices are so linked.  All of these economic pundits who say that it is irrational for Oil Prices to determine Stock Market Prices don't understand accounting sufficiently and particularly the intricacies of the key Ceiling Test. 

Below here are the total reported US GAAP Earnings (Losses) From Continuing Operations for the First Half of both 2016 and 2015 for the 516 US Companies with Market Caps several months ago of $1-2 Bil, with the Total Earnings amounts presented in Company Stock Market Capitalization order of several months ago:






1st 1st






Half Half






2016 2015



Most
1st US GAAP US GAAP



Recent
Half Net Net
City State 2015
Month Income Income %
Company HQs HQs FYE
End (Loss) (Loss) Change





 $ mils  $ mils
Market Caps $1-2 Bil







Shutterstock New York NY Dec15
June                 13                   9
MSA Safety Cranberry Township PA Dec15
June                 43                 33
Pebblebrook Hotel Trust Bethesda MD Dec15
June                 91                 34
Great Western Bancorp Sioux Falls SD Sep15
June                 57                 49
American Assets Trust San Diego CA Dec15
June                 21                 24
Whiting Petroleum Corp Denver CO Dec15
June             (473)             (255)
Finisar Corp Sunnyvale CA Apr16
July                 37                 10
Dorman Products Inc Colmar PA Dec15
June                 51                 44
Dave & Busters Entertainment Dallas TX Jan16
July                 53                 32
Acacia Communications Maynard MA Dec15
June                 32                   9
Deckers Outdoor Corp Goleta CA Mar16
June               (83)               (46)
Cogent Communications Holdings Inc Washington DC Dec15
June                   8                 (1)
Ironwood Pharmaceuticals Inc Cambridge MA Dec15
June               (35)               (81)
Northern Tier Energy LP Tempe AZ Dec15
June               142               389
Matthews Intl Corp Pittsburgh PA Sep15
June                 38                 32
Intersil Corp Milpitas CA Dec15
June                 13               (31)
Manitowoc Foodservice New Port Richey FL Dec15
June                 33                 51
Western Refining Inc El Paso TX Dec15
June               142               389
Capitol Federal Financial Topeka KS Sep15
June                 43                 39
DiamondRock Hospitality Bethesda MD Dec15
June                 61                 35
Barnes Group Bristol CT Dec15
June                 62                 63
GCP Applied Technologies Cambridge MA Dec15
June                 48                 48
Ferrellgas Partners LP Overland Park KS Jul15
July                 19                 36
Blackhawk Network Holdings Pleasanton CA Dec15
June               (15)                   8
Granite Construction Watsonville CA Dec15
June                   8                   1
Cohen & Steers Inc New York NY Dec15
June                 43                 40
Grand Canyon Education Phoenix AZ Dec15
June                 71                 60
Herman Miller Inc Zeeland MI May16
May                 69                 45
Esterline Technologies Bellevue WA Sep15
June                 55                 53
Mueller Industries Memphis TN Dec15
June                 57                 56
NGL Energy Partners LP Tulsa OK Mar16
June               (24)                 86
Insulet Corp Billerica MA Dec15
June               (15)               (28)
John Bean Technologies Chicago IL Dec15
June                 24                 22
Parkway Properties Inc Orlando FL Dec15
June                 63                 42
Alexander & Baldwin Inc Honolulu HI Dec15
June                 (8)                 36
Exelixis Inc South San Francisco CA Dec15
June               (98)               (79)
ICU Medical San Clemente CA Dec15
June                 35                 23
Penumbra Alameda CA Dec15
June                   1                 (0)
Synaptics Inc San Jose CA Jun16
June                 14                 63
ExlService Holdings Inc New York NY Dec15
June                 30                 22
Xenia Hotels & Resorts Orlando FL Dec15
June                 17                   9
Matadour Resources Dallas TX Dec15
June             (213)             (207)
Mueller Water Products Inc Atlanta GA Sep15
June                 32                 29
Cardtronics PLC Houston TX Dec15
June                 35                 30
New Relic San Francisco CA Mar16
June               (37)               (30)
Tetra Tech Pasadena CA Sep15
June                 30                 45
Community Bank System Inc Dewitt NY Dec15
June                 50                 46
Office Depot Boca Raton FL Dec15
June               256               (13)
Vishay Intertechnology Malvern PA Dec15
June                 61                 57
Colony Capital Inc Los Angeles CA Dec15
June               194               119
Radius Health Inc Waltham MA Dec15
June               (84)               (40)
Tumi Holdings Inc South Plainfield NJ Dec15
June                 21                 23
Applied Industrial Technologies Cleveland OH Jun16
June               (19)                 57
GNC Holdings Inc Pittsburgh PA Dec15
June               115               131
Dean Foods Co Dallas TX Dec15
June                 75               (47)
Pattern Energy Group San Francisco CA Dec15
June               (45)               (16)
RealPage Inc Richardson TX Dec15
June                   5                 (5)
Amedisys Inc Baton Rouge LA Dec15
June                 17               (24)
Cambrex Corp East Rutherford NJ Dec15
June                 36                 28
RBC Bearings Inc Oxford CT Mar16
June                 37                 28
CBL & Associates Properties Chattanooga TN Dec15
June               115               102
Talen Energy Allentown PA Dec15
June               148               122
HealthEquity Draper UT Jan16
July                 16                   9
Fortress Group LLC New York NY Dec15
June               (43)                 92
SM Energy Denver CO Dec15
June             (516)             (111)
FTI Consulting Washington DC Dec15
June                 57                 45
Monogram Residential Trust Plano TX Dec15
June               (23)                 43
Shutterfly Inc Redwood City CA Dec15
June               (46)               (69)
Prothena Corp plc South San Francisco CA Dec15
June               (68)               (33)
Magellan Health Inc Scottsdale AZ Dec15
June                 15                 11
OM Asset Management plc Boston MA Dec15
June                 66                 83
Acxiom Corp Little Rock AR Mar16
June                   2               (14)
Enbridge Energy Management LLC Houston TX Dec15
June             (118)               (47)
GATX Corp Chicago IL Dec15
June               131               108
GoPro San Mateo CA Dec15
June             (199)                 52
Main Street Capital  Corp Houston TX Dec15
June                 48                 76
WD-40 Company San Diego CA Aug15
May                 27                 22
DSW Inc Columbus OH Jan16
July                 55                 85
Aaron's Inc Atlanta GA Dec15
June                 88                 90
bluebird bio Cambridge MA Dec15
June             (115)               (77)
Intra-Cellular Therapies New York NY Dec15
June               (59)               (44)
Anixter Intl Glenview IL Dec15
June                 44                 56
Government Properties Income Trust Newton MA Dec15
June                 34             (224)
Kaiser Aluminum Corp Foothill Ranch CA Dec15
June                 52             (272)
Liberty Tripadvisor Holdings Inc Englewood CO Dec15
June                 (1)                 30
Party City Holdco Elmsford NY Dec15
June                 22               (32)
Werner Enterprises Inc Omaha NE Dec15
June                 38                 55
Ambarella Santa Clara CA Jan16
July                 10                 42
Financial Engines Inc Sunnyvale CA Dec15
June                 12                 16
Smith & Wesson Holding Corp Springfield MA Apr16
July                 69                 36
Kennametal Inc Latrobe PA Jun16
June               (49)               (24)
M/A-COM Technology Solutions Lowell MA Sep15
June                   9                 (9)
CVB Financial Ontario CA Dec15
June                 49                 43
Eagle Bancorp Bethesda MD Dec15
June                 47                 40
The Advisory Board Co Washington DC Dec15
June                 18               (14)
Dana Holding Corp Maumee OH Dec15
June               103               137
Ingevity North Charleston SC Dec15
June                 36                 51
International Bancshares Corp Laredo TX Dec15
June                 63                 70
Itron Inc Liberty Lake WA Dec15
June                 31                 (8)
Meritage Homes Corp Scottsdale AZ Dec15
June                 61                 46
Oil States Intl Inc Houston TX Dec15
June               (25)                 26
Spark Therapeutics Philadelphia PA Dec15
June               (54)               (24)
Chemtura Middlebury CT Dec15
June               (62)                 39
NetGear San Jose CA Dec15
June                 33                 12
RingCentral Inc Belmont CA Dec15
June               (14)               (19)
Seritage Growth Properties New York NY Dec15
June               (27)                   0
KLX Inc Wellington FL Jan16
July                 16                 25
Semtech Corp Camarillo CA Jan16
July                 16                 (0)
Halyard Health Alpharetta GA Dec15
June                 21                 30
South State Corp Columbia SC Dec15
June                 49                 49
Time Inc New York NY Dec15
June                   8                 15
Lumentum Holdings Milpitas CA Jun16
June                   6                 (4)
Cooper Tire & Rubber Findlay OH Dec15
June               130               103
Ebix Inc Johns Creek GA Dec15
June                 45                 37
Kemper Corp Chicago IL Dec15
June                   2                 40
Revlon Inc New York NY Dec15
June                 21                 25
Trustmark Corp Jackson MS Dec15
June                 49                 60
Argo Group Intl Holdings Ltd San Antonio TX Dec15
June                 59                 87
LendingClub Corp San Francisco CA Dec15
June               (77)               (11)
Lexicon Pharmaceuticals Woodlands TX Dec15
June               (73)               (56)
Stag Industrial Inc Boston MA Dec15
June                   1                 (7)
TherapeuticsMD Inc Boca Raton FL Dec15
June               (42)               (48)
Viavi Solutions Inc Milpitas CA Jun16
June               (36)               (68)
3D Systems Corp Rock Hill SC Dec15
June               (23)               (27)
Agios Pharmaceuticals Cambridge MA Dec15
June               (79)               (37)
Diebold North Canton OH Dec15
June                 (0)                 10
HMS Holdings Corp Irving TX Dec15
June                 13                   9
Insperity Inc Kingwood TX Dec15
June                 42                 21
Pennsylvania REIT Philadelphia PA Dec15
June                 11               (49)
Franklin Electric Co Fort Wayne IN Dec15
June                 38                 36
Marketo Inc San Mateo CA Dec15
June               (34)               (36)
Mobile Mini Inc Phoenix AZ Dec15
June                 15               (18)
SemGroup Group Tulsa OK Dec15
June                   4                 34
Synchronoss Technologies Inc Bridgewater NJ Dec15
June               (18)                 26
West Corp Omaha NE Dec15
June                 78                 98
Steelcase Inc Grand Rapids MI Feb16
May                 97                 43
99 Cents Only Stores City of Commerce CA Jan16
July               (60)               (77)
Houlihan Lokey Los Angeles CA Mar16
June                 42                 40
Triumph Group Berwyn PA Mar16
June          (1,064)               146
DineEquity Inc Glendale CA Dec15
June                 52                 55
Envestnet Inc Chicago IL Dec15
June               (19)                   5
Gannett Co Inc McLean VA Dec15
June                 44                 87
Ramco-Gershenson Properties Trust Farmington Hills MI Dec15
June                 40                 17
Sothebys New York NY Dec15
June                 63                 73
Stamps.com El Segundo CA Dec15
June                 28               (11)
Childrens Place Inc Secaucus NJ Jan16
July                 24                   2
2U Inc Landover MD Dec15
June               (12)               (15)
Avon Products Inc New York NY Dec15
June             (120)             (114)
Columbia Pipeline Partners LP Houston TX Dec15
June               311               239
TriNet Group Inc San Leandro CA Dec15
June                 24                 15
Brady Corp Milwaukee WI Jul15
July                 46               (22)
G&K Services Inc Minnetonka MN Jun16
June                 38                 26
Oasis Petroleum Inc Houston TX Dec15
June             (154)               (71)
Rice Midstream Partners LP Canonsburg PA Dec15
June                 62                 27
AZZ Inc Fort Worth TX Feb16
May                 37                 36
Columbia Banking System Tacoma WA Dec15
June                 47                 46
Nelnet Inc Lincoln NE Dec15
June                 74               136
New York REIT Inc New York NY Dec15
June               (11)               (18)
Northwest Bancshares Warren PA Dec15
June                 11                 31
Sears Holdings Hoffman Estates IL Jan16
July             (866)               (95)
Carpenter Technology Corp Wyomissing PA Jun16
June                 (9)                 22
MGM Growth Properties LLC Las Vegas NV Dec15
June               (58)             (122)
Summit Midstream Partners LP Woodlands TX Dec15
June               (54)                 (5)
World Wrestling Entertainment Inc Stamford CT Dec15
June                 15                 15
Callon Petroleum Company Natchez MS Dec15
June             (111)               (15)
Chemours Co Wilmington DE Dec15
June                 33                 25
CIM Commercial Trust Corp Dallas TX Dec15
June                 24                   1
Exponent Inc Menlo Park CA Dec15
June                 26                 22
FCB Financial Holdings Weston FL Dec15
June                 46                   3
Invesco Mortgage Capital Inc Atlanta GA Dec15
June             (158)               142
Lifelock Inc Tempe AZ Dec15
June               (19)                 (9)
Stillwater Mining Company Billings MT Dec15
June                 (9)               (16)
American Brivision Goshen NY Sep15
June                 (0)                 (0)
FBL Financial Group West Des Moines IA Dec15
June                 50                 56
Infinera Corp Sunnyvale CA Dec15
June                 23                 30
NIC Inc Olathe KS Dec15
June                 26                 20
TASER International Inc Scottsdale AZ Dec15
June                   7                 13
Haemonetics Corp Braintree MA Mar16
June               (19)                 (3)
Astoria Financial Corp Lake Success NY Dec15
June                 37                 51
Banner Corp Walla Walla WA Dec15
June                 39                 25
Federal-Mogul Holdings Corp Southfield MI Dec15
June                 69                   7
Forum Energy Technologies Houston TX Dec15
June               (51)                 38
LogMein Inc Boston MA Dec15
June                   1                   3
Ollie's Bargain Outlet Holdings Inc Harrisburg PA Dec15
June                 25                 13
Power Integrations Inc San Jose CA Dec15
June                 20                 15
Cvent Tysons Corner VA Dec15
June                 (7)                 (8)
First Midwest Bancorp Itasca IL Dec15
June                 43                 42
HubSpot Cambridge MA Dec15
June               (21)               (22)
Inventrust Properties Corp Oak Brook IL Dec15
June                 35                 52
Mantech Intl Fairfax VA Dec15
June                 28                 24
Plexus Corp Neenah WI Sep15
June                 43                 48
Aircastle Limited Stamford CT Dec15
June                 56                 85
Evolent Health Arlington VA Dec15
June             (186)               345
Fossil Group Inc Richardson TX Dec15
June                 15                 97
Proto Labs Inc Maple Plain MN Dec15
June                 21                 22
Viper Energy Partners LP Midland TX Dec15
June               (37)                 13
Chemical Financial Corp Midland MI Dec15
June                 49                 37
Global Net Lease New York NY Dec15
June                 22               (20)
Heartland Express Inc North Liberty IA Dec15
June                 31                 41
National Research Corp Lincoln NE Dec15
June                 10                   8
NxStage Medical Inc Lawrence MA Dec15
June                 (4)               (11)
Platform Specialty Products West Palm Beach FL Dec15
June             (142)               (35)
Select Medical Holdings Corp Mechanicsburg PA Dec15
June               101                 77
TopBuild Corp Daytona Beach FL Dec15
June                 27                   3
Dynegy Houston TX Dec15
June             (813)               205
Air Methods Englewood CO Dec15
June                 47                 40
DigitalGlobe Inc Westminster CO Dec15
June                 21                   3
Nant Health Culver City CA Dec15
June               (87)               (31)
Polycom San Jose CA Dec15
June                 (7)                 41
Advanced Drainage Systems Hilliard OH Mar16
June               (14)               (14)
AAON Inc Tulsa OK Dec15
June                 25                 20
Consolidated Communications Holdings Mattoon IL Dec15
June                   8                 (8)
Flagstar Bancorp Troy MI Dec15
June                 86                 78
Old National Bancorp Evansville IN Dec15
June                 66                 47
Progress Software Corp Bedford MA Nov15
May                 10                   5
Chico's FAS Ft Myers FL Jan16
July                 54                 35
Chesapeake Lodging Trust Annapolis MD Dec15
June                 39                 26
Firstcash Arlington TX Dec15
June                 25                 30
Nortek Inc Providence RI Dec15
June                 21               (16)
Rovi Corp San Carlos CA Dec15
June               (27)               (12)
Simmons First National Corp Pine Bluff AR Dec15
June                 46                 29
Ariad Pharmaceuticals Cambridge MA Dec15
June                 56             (116)
Cooper-Standard Holdings Inc Novi MI Dec15
June                 72                 58
CVR Energy Inc Sugar Land TX Dec15
June                 13               277
Matson Inc Honolulu HI Dec15
June                 36                 35
Tessera Technologies Inc San Jose CA Dec15
June                 42                 61
Texas Pacific Land Trust Dallas TX Dec15
June                 17                 30
Weis Markets Sunbury PA Dec15
June                 35                 30
LA-Z-Boy Inc Monroe MI Apr16
July                 37                 34
Ascena Retail Group Inc Mahwah NJ Jul15
July                 15                 24
Amkor Technology Tempe AZ Dec15
June                   5                 35
Imperva Redwood Shores CA Dec15
June               (49)               (37)
Park National Corp Newark OH Dec15
June                 39                 40
Rexford Industrial Realty Los Angeles CA Dec15
June                 14                   0
Shake Shack New York NY Dec15
June                 10                 (6)
TowneBank Portsmouth VA Dec15
June                 27                 34
Genesco Inc Nashville TN Jan16
July                 25                 18
Plantronics Inc Santa Cruz CA Mar16
June                 33                 47
Potlatch Corp Spokane WA Dec15
June               (31)                   6
Renasant Corp Tupelo MS Dec15
June                 44                 31
SiteOne Landscape Supply Roswell GA Dec15
June                 21                 23
Ship Finance Intl Ltd New York NY Dec15
June                 86               101
Headwaters Inc South Jordan UT Sep15
June                 21                 (2)
Builders FirstSource Inc Dallas TX Dec15
June                 12                 (3)
Denbury Resources Inc Plano TX Dec15
June             (566)          (1,256)
Forward Air Corp Greeneville TN Dec15
June                   3                 17
Horace Mann Educators Corp Springfield IL Dec15
June                 37                 50
SkyWest Inc St George UT Dec15
June                 67                 41
Wesco Aircraft Holdings Valencia CA Sep15
June                 47                 39
Brink's Company Richmond VA Dec15
June                   3               (34)
Gigamon Inc Santa Clata CA Dec15
June                 37                 (1)
Hub Group Inc Oak Brook IL Dec15
June                 39                 29
MRC Global Inc Houston TX Dec15
June               (25)                 45
Waddell & Reed Financial Overland Park KS Dec15
June                 71               135
Box Inc Redwood City CA Jan16
July               (77)               (97)
Achillion Pharmaceuticals New Haven CT Dec15
June               (37)               (48)
Moelis New York NY Dec15
June                 52                 47
Pacira Pharmaceuticals Inc Parsippany NJ Dec15
June               (12)                   1
Trex Company Inc Winchester VA Dec15
June                 47                 36
Yadkin Financial Corp Raleigh NC Dec15
June                 25                 21
Scholastic Corp New York NY May16
May                 28                   2
Sonic Corp Oklahoma City OK Aug15
May                 26                 28
Alliance Resource Partners LP Tulsa OK Dec15
June               130               201
Coca-Cola Bottling Co Charlotte NC Dec15
June                   8                 32
CONMED Corp Utica NY Dec15
June                   1                 14
Nexstar Broadcasting Group Irving TX Dec15
June                 47                 32
Portola Pharmaceuticals South San Francisco CA Dec15
June             (122)             (105)
ServisFirst Bancshares Birmingham AL Dec15
June                 39                 28
United Community Banks Blairsville GA Dec15
June                 48                 35
Apogee Enterprises Inc Minneapolis MN Feb16
May                 38                 26
Actuant Corp Menomonee Falls WI Aug15
May             (138)               (27)
KB Home Los Angeles CA Nov15
May                 29                 17
American Equity Investment Life Holding West Demoines IA Dec15
June               (30)                 89
Huron Consulting Group Chicago IL Dec15
June                 23                 15
Rambus Inc Sunnyvale CA Dec15
June                   6                 16
Sage Therapeutics Cambridge MA Dec15
June               (65)               (42)
Saul Centers Bethesda MD Dec15
June                 30                 26
8X8 Inc San Jose CA Mar16
June                 (2)                 (0)
Fidelity & Guaranty Life Des Moines IA Sep15
June                 19                 74
Alder Biopharmaceuticals Bothell WA Dec15
June               (72)               (32)
Astec Industries Inc Chattanooga TN Dec15
June                 36                 27
E.W. Scripps Cincinnati OH Dec15
June                 16               (21)
Innoviva Brisbane CA Dec15
June                 19               (18)
Natus Medical Inc Pleasanton CA Dec15
June                 19                 18
Neustar Inc Sterling VA Dec15
June                 69                 91
Sabra Health Care REIT Inc Irvine CA Dec15
June                 22                 36
Stepan Company Northfield IL Dec15
June                 56                 38
TeleTech Holdings Inc Englewood CO Dec15
June                 24                 36
Cliffs Natural Resources Cleveland OH Dec15
June               144               129
Community Health Systems Franklin TN Dec15
June          (1,368)               252
Inphi Corp Sunnyvale CA Dec15
June                   1               (12)
Seres Therapeuticals Cambridge MA Dec15
June               (48)               (21)
USANA Health Sciences Inc Salt Lake City UT Dec15
June                 48                 45
Axovant Sciences Ltd New York NY Mar16
June               (68)               (35)
Universal Corp Richmond VA Mar16
June                 45                 40
Albany Intl Rochester NH Dec15
June                 23                 10
CSG Systems Intl Englewood CO Dec15
June                 32                 22
La Quinta Holdings Irving TX Dec15
June               (24)                   2
Allegheny Technologies Pittsburgh PA Dec15
June             (114)                 (1)
Navigators Group Stamford CT Dec15
June                 39                 45
Provident Financial Services Jersey City NJ Dec15
June                 42                 42
Talmer Bancorp Troy MI Dec15
June                 41                 27
SUPERVALU Inc Eden Prairie MN Feb16
May                 96                 99
Abercrombie & Fitch Co New Albany OH Jan16
July               (51)               (63)
AK Steel Holding Corp West Chester OH Dec15
June                 38             (340)
Atlantic Tele-Network Inc Beverly MO Dec15
June                   9                 14
Cray Inc Seattle WA Dec15
June               (18)                 (4)
Genworth Financial Richmond VA Dec15
June               368               378
Ladder Capital Corp New York NY Dec15
June                 (8)                 87
Quad/Graphics Inc Sussex WI Dec15
June                 (4)               (80)
St. Joe Co Watersound FL Dec15
June                 10                 (2)
Sturm Ruger & Co Southport CT Dec15
June                 47                 33
Clovis Oncology Boulder CO Dec15
June             (213)             (135)
Oclaro San Jose CA Jun16
June                 12               (24)
Apollo Investment Corp New York NY Mar16
June               (65)                 (6)
Crestwood Equity Partners LP Houston TX Dec15
June             (131)             (278)
Medpace Holdings Cincinnati OH Dec15
June                   8                   0
Omnicell Inc Mountain View CA Dec15
June                 (2)                 15
OneBeacon Insurance Group Ltd Plymouth MN Dec15
June                 72                 29
Sykes Enterprises Tampa FL Dec15
June                 23                 29
Coherus Biosciences Redwood City CA Dec15
June             (136)             (100)
Restoration Hardware Holdings Corte Madera CA Jan16
July                 (7)                 37
Alarm.com Holdings Tysons VA Dec15
June                   5                   6
Asbury Automotive Group Duluth GA Dec15
June                 68                 77
LegacyTexas Financial Group Inc Plano TX Dec15
June                 45                 37
M.D.C. Holdings Denver CO Dec15
June                 36                 28
Capital Bank Financial Corp Coral Gables FL Dec15
June                 27                 24
Comfort Systems USA Inc Houston TX Dec15
June                 28                 23
CYS Investments Inc Waltham MA Dec15
June               118               (42)
First Interstate Bancsystem Billings MT Dec15
June                 46                 43
Methode Electronics Inc Chicago IL Apr16
July                 44                 51
Qlogic Aliso Viejo CA Mar16
June                 36                 13
BMC Stock Holdings Atlanta GA Dec15
June                 11                 (1)
BroadSoft Inc Gaithersburg MD Dec15
June                 (4)                 (8)
Five Prime Therapeutics Inc South San Francisco CA Dec15
June               (26)               (23)
Secureworks Atlanta GA Jan16
July               (24)               (39)
Group 1 Automotive Houston TX Dec15
June                 81                 82
MaxLinear Inc Carlsbad CA Dec15
June                 43               (35)
NBT Bancorp Norwich NY Dec15
June                 39                 37
SeaWorld Entertainment Inc Orlando FL Dec15
June               (66)               (38)
Synergy Resources Corp Denver CO Dec15
June             (205)                 (6)
Super Micro Computer San Jose CA Jun16
June                 24                 50
Acceleron Pharma Cambridge MA Dec15
June               (17)               (25)
Stratasys Ltd Eden Prairie MN Dec15
June               (42)             (240)
WisdomTree Investments New York NY Dec15
June                 16                 36
Benefitfocus Inc Charleston SC Dec15
June               (24)               (33)
Cynosure Inc Westford MA Dec15
June                   9                   5
Emergent Biosolutions Gaithersburg MD Dec15
June                 (7)                 (7)
Four Corners Property Trust Mill Valley CA Dec15
June               109                   0
Neenah Paper Inc Alpharetta GA Dec15
June                 40                 33
Buckle Inc Kearney NE Jan16
July                 39                 57
NCI Building Systems Inc Houston TX Oct15
July                 26                   0
Endologix Inc Irvine CA Dec15
June             (115)               (24)
Independent Bank Corp Rockland MA Dec15
June                 39                 27
Vonage Holdings Holmdel NJ Dec15
June                   9                 18
Westamerica Bancorporation San Rafael CA Dec15
June                 29                 29
Guess? Inc Los Angeles CA Jan16
July                   7                 22
American Woodward Corp Winchester VA Apr16
July                 34                 26
Endurance Intl Group Holdings Burlington MA Dec15
June               (19)                 (1)
EXACT Sciences Corp Madison WI Dec15
June               (92)               (75)
Franklin Street Properties Wakefield MA Dec15
June                   4                 16
KCG Holdings Inc Jersey City NJ Dec15
June                 71               230
Knoll Inc East Greenville PA Dec15
June                 39                 35
Nationstar Mortgage Holdings Inc Coppell TX Dec15
June             (224)                 29
Summit Hotel Properties Inc Austin TX Dec15
June                 71                 27
WesBanco Inc Wheeling WV Dec15
June                 45                 36
Western Refining Logistics LP El Paso TX Dec15
June                 32                 28
Zeltiq Aesthetics Pleasanton CA Dec15
June               (15)                 (1)
MSG Networks Inc New York NY Jun16
June                 88                 79
First Financial Bancorp Cincinnati OH Dec15
June                 42                 37
Popeyes Louisiana Kitchen Inc Atlanta GA Dec15
June                 23                 24
Tutor Perini Corp Sylmar CA Dec15
June                 37                 17
Kearny Financial Corp Fairfield NJ Jun16
June                   9                   1
Acorda Therapeutics Inc Ardsley NY Dec15
June               (19)                 (2)
Ferro Corp Mayfield Heights OH Dec15
June                 45                 25
Gentherm Inc Northville MI Dec15
June                 30                 39
Quaker Chemical Corp Conshohocken PA Dec15
June                 29                 26
Schweitzer-Maudit Intl Inc Alpharetta GA Dec15
June                 47                 43
II-VI Inc Saxonburg PA Jun16
June                 29                 32
Amplify Snack Brands Austin TX Dec15
June                 17                   8
Kaman Corp Bloomfield CT Dec15
June                 26                 34
McDermott Intl Houston TX Dec15
June                 19                   2
SpartanNash Co Grand Rapids MI Dec15
June                 28                 31
Opus Bank Irvine CA Dec15
June                 33                 29
Nextera Energy Partners LP Juno Beach FL Dec15
June                 16                 52
Mattress Firm Holding Corp Houston TX Jan16
July             (120)                 27
Calavo Growers Inc Santa Ana CA Oct15
July                 23                 17
OSI Systems Hawthorne CA Jun16
June                 15                 35
American Axle & Manufactiring Hldgs Inc Detroit MI Dec15
June               132               112
CVR Refining LP Sugar Land TX Dec15
June                 10               275
Freddie Mac McLean VA Dec15
June               639            4,693
Kapstone Paper and Packaging Northbrook IL Dec15
June                 37                 60
Express Columbus OH Jan16
July                 23                 34
Amerisafe Inc Deridder LA Dec15
June                 41                 29
Callidus Software Inc Dublin CA Dec15
June               (10)                 (9)
Essendant Deerfield IL Dec15
June                 29                 24
Aerojet Rocketdyne Holdings Rancho Cordova CA Nov15
May                 11                 14
BNC Bancorp High Point NC Dec15
June                 29                 20
DeVry Education Group Inc Downers Grove IL Jun16
June                 42                 72
Green Dot Corp Pasadena CA Dec15
June                 41                 44
Innospec Inc Englewood CO Dec15
June                 48                 52
Installed Building Products Columbus OH Dec15
June                 16                   8
Korn/Ferry Intl Los Angeles CA Apr16
July                 10                 48
Abaxis Inc Union City CA Mar16
June                 15                 11
ACCO Brands Corp Lake Zurich IL Dec15
June                 67                 22
Depomed Inc Newark CA Dec15
June               (31)               (33)
Etsy Inc Brooklyn NY Dec15
June                 (6)               (43)
Gibraltar Industries Inc Buffalo NY Dec15
June                 23                 10
PennyMac Mortgage Investment Trust Moorpark CA Dec15
June                   9                 36
Pra Group Norfolk VA Dec15
June                 70               110
Tower Semiconductor Ltd Santa Clara CA Dec15
June               105               (67)
Caleres Inc St Louis MO Jan16
July                 38                 36
BofI Holding San Diego CA Jun16
June                 66                 45
8Point3 Energy Partners LP San Jose CA Dec15
June                 (7)               (20)
Insys Therapeutics Phoenix AZ Dec15
June                   7                 15
Penn National Gaming Inc Wyomissing PA Dec15
June                 58                   5
Rogers Corp Rogers CT Dec15
June                 20                 27
Central Garden & Pet Co Walnut Creek CA Sep15
June                 60                 43
Halozyme Therapeutics San Diego CA Dec15
June               (47)               (12)
Lendingtree Inc Charlotte NC Dec15
June                 16                 12
Quotient Technology Inc Mountain View CA Dec15
June               (12)               (13)
Redwood Trust Inc Mill Valley CA Dec15
June                 53                 42
Smart & Final Stores Inc Commerce CA Dec15
June                   6                 16
SPX Flow Inc Charlotte NC Dec15
June             (384)                 70
United Fire Group Inc Cedar Rapids IA Dec15
June                 26                 39
Lannett Co Inc Philadelphia PA Jun16
June                 (1)                 70
Multi Packaging Solutions Intl Ltd New York NY Jun16
June                 (3)                   2
ESCO Technologies Inc St Louis MO Sep15
June                 21                 19
Apollo Commercial Real Estate Finance Inc New York NY Dec15
June                 29                 50
Clearwater Paper Corp Spokane WA Dec15
June                 39                 21
Globalstar Inc Covington LA Dec15
June               (13)                 75
Union Bankshares Corp Richmond VA Dec15
June                 36                 31
Infoblox Inc Santa Clara CA Jul15
July               (16)               (10)
Navistar Intl Lisle IL Oct15
July               (15)               (80)
Multi-Color Corp Batavia OH Mar16
June                 24                 25
Atlas Air Worldwide Holdings Purchase NY Dec15
June                 21                 58
Badger Meter Inc Milwaukee WI Dec15
June                 17                 12
Benchmark Electronics Inc Angleton TX Dec15
June                 24                 35
EP Energy Corp Houston TX Dec15
June               156             (193)
HFF Inc Pittsburgh PA Dec15
June                 30                 31
Qualys Inc Redwood Shores CA Dec15
June                   8                   6
Terreno Realty Corp San Francisco CA Dec15
June                 10                 10
Standex Intl Salem NH Jun16
June                 24                 29
Cabot Microelectronics Corp Aurora IL Sep15
June                 28                 24
Cubic Corp San Diego CA Sep15
June                 14                 (2)
Advanced Energy Industries Inc Ft Collins CO Dec15
June                 47                 49
Ameris Bancorp Moultrie GA Dec15
June                 32                 11
Dermira Menlo Park CA Dec15
June               (56)               (31)
Interface Inc Atlanta GA Dec15
June                 34                 34
Knowles Corp Itasca IL Dec15
June               (19)                 18
Select Comfort Corp Minneapolis MN Dec15
June                 14                 40
The Ensign Group Inc Mission Viejo CA Dec15
June                 21                 28
RMR Group Newton MA Sep15
June                 33                 41
Adeptus Health Lewisville TX Dec15
June               156                 29
BJ's Restaurants Huntington Beach CA Dec15
June                 25                 22
EnPro Industries Inc Charlotte NC Dec15
June               (43)               (39)
Marcus & Milichap Inc Calabasas CA Dec15
June                 32                 31
MBIA Inc Purchase NY Dec15
June             (105)               133
Q2 Holdings Austin TX Dec15
June               (19)               (10)
Supernus Pharmaceuticals Inc Rockville MD Dec15
June                 15                   3
Theravance Biopharma Inc South San Francisco CA Dec15
June               (89)               (90)
Tile Shop Holdings Inc Plymouth MN Dec15
June                 14                   8
Universal Electronics Inc Santa Ana CA Dec15
June                   9                 14
Atkore Intl Group Harvey IL Sep15
June                 36                 25
First Merchants Corp Muncie IN Dec15
June                 38                 34
InfraREIT Dallas TX Dec15
June                 18               (27)
Milacron Holdings Corp Cincinnati OH Dec15
June                 23               (43)
NuStar GP Holdings LLC San Antonio TX Dec15
June                 32                 42
Puma Biotechnology Los Angeles CA Dec15
June             (138)             (117)
Tompkins Financial Corp Ithaca NY Dec15
June                 29                 30
US Ecology Inc Boise ID Dec15
June                 16                   8
Boise Cascade Co Boise ID Dec15
June                 24                 28
CIRCOR Intl Inc Burlington MA Dec15
June                   8                 11
FibroGen San Francisco CA Dec15
June                 (4)                 11
Glaukos Corp Laguna Hills CA Dec15
June                   3               (34)
Hyster-Yale Materials Handling Inc Cleveland OH Dec15
June                 18                 37
Ply Gem Holdings Inc Cary NC Dec15
June                 14               (18)
Sarepta Therapeutics Inc Cambridge MA Dec15
June             (122)             (103)
WSFS Financial Corp Wilmington DE Dec15
June                 33                 25
Accelerate Diagnostics Inc Tucson AZ Dec15
June               (33)               (21)
Cincinnati Bell Inc Cincinnati OH Dec15
June                 85               181
Kindred Healthcare Louisville KY Dec15
June                 60             (101)
SPS Commerce Minneapolis MN Dec15
June                   1                   1
Agree Realty Corp Bloomfield Hills MI Dec15
June                 18                 17
Andersons Inc Maumee OH Dec15
June                 (0)                 36
ClubCorp Holdings Dallas TX Dec15
June                 (3)                 (4)
CSH America Intl Inc Fort Worth TX Dec15
June                 13                 10
Metaldyne Performance Group Inc Southfield MI Dec15
June                 61                 77
Monotype Imaging Holdings Inc Woburn MA Dec15
June                 12                 13
Tennant Company Minneapolis MN Dec15
June                 20                 20
TPG Specialty Lending Inc Fort Worth TX Dec15
June                 67                 59
Barracuda Networks Inc Campbell CA Feb16
May                   6               (72)
Oxford Industries Atlanta GA Jan16
July                 44                 42
TiVo Inc San Jose CA Jan16
July                 18                 16
Analogic Peabody MA Jul15
July                   5                   9
Mercury Systems Inc Chelmsford MA Jun16
June                 13                 11
ScanSource Inc Greenville SC Jun16
June                 27                 29
Boston Private Financial Holding Inc Boston MA Dec15
June                 33                 35
Gamco Investors Inc Rye NY Dec15
June                 54                 47
National HealthCare Corp Murfreesboro TN Dec15
June                 26                 26
Cato Corp Charlotte NC Jan16
July                 52                 47
HeartWare Intl Inc Framingham MA Dec15
June               (28)               (42)
NRG Yield  Princeton NJ Dec15
June                 60                 18
Rose Rock Midstream LP Tulsa OK Dec15
June                 36                 32
Seacor Holdings Inc Fort Lauderdale FL Dec15
June               (71)               (26)
Stewart Information Services Corp Houston TX Dec15
June                 18                   9
Gogo Inc Chicago IL Dec15
June               (64)               (45)
Integer Holdings Frisco TX Jan16
July               (13)                 17
Beneficial Bancorp Inc Philadelphia PA Dec15
June                   8                 12
Employers Holdings Inc Reno NV Dec15
June                 47                 43
Inogen Goleta CA Dec15
June                   8                   5
Patrick Industries Inc Elkhart IN Dec15
June                 29                 21
Primoris Services Corp Dallas TX Dec15
June                   8                   5
USA Compression Partners LP Austin TX Dec15
June                 12                 (4)
Banc of California Irvine CA Dec15
June                 46                 28









Total all 515 except Caesars




           2,632          13,240 -80%









Caesars Entertainment Las Vegas NV Dec15
June          (2,317)            6,854









Grand Total all 516




              315          20,094 -98%