Wednesday, August 22, 2018

All 1,016 US Companies With Stock Market Caps of $1 Bil to $5 Bil Which Released Their June 2018 Quarter End Earnings By August 21, 2018 Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $23.875 Bil, Up 7.4% From Their Total PTI of $22.234 Bil in Their June 2017 Quarter. This 7.4% Total PTI Growth in the June 2018 Quarter (The Second Full Quarter of the Trump Tax Cuts Act) Is a Huge Deceleration From Their Exceptional 19.7% Total PTI Growth in the March 2018 Quarter (The First Full Quarter of the Trump Tax Cuts Act) Over the March 2017 Quarter ........................................................................................

On the Positive Side, of These 1,016 US Cos, 271 Are Financial Cos Which Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $11.785 Bil, Up a Robust 13.7% From Their Total PTI of $10.362 Bil in Their June 2017 Quarter.  However, On the Downside, This June 2018 Total PTI Growth of 13.7% Was a Huge Deceleration From the 34.7% Total PTI Growth of These Same 271 Financial Cos Experienced in Their March 2018 Quarter Over Their March 2017 Quarter.

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Of These 271 US Financial Cos, 93 Are Banks Which Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $4.272 Bil, Up a Robust 15.1% From Their Total PTI of $3.711 Bil in Their June 2017 Quarter.

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Also on the Positive Side, of These 1,016 US Cos, 136 Are Health Care Cos Which Reduced Their June 2018 Quarter Total US GAAP Pretax Losses (PTLs) From Continuing Operations By 47%, From Total PTLs of $3.109 Bil in Their June 2017 Quarter Down to $1.647 Bil in Their June 2018 Quarter.

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The 21 Wholesaling  Cos Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations Which Increased By a Blistering 210% From That in Their June 2017 Quarter.

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The 12 Hotels and Casino Cos Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations Which Increased By a Blistering 157% From That in Their June 2017 Quarter.

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And the 25 Utility Cos Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations Which Increased By a Robust 16.3% From That in Their June 2017 Quarter.

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Now For the Bad News

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The 75 US Oil & Gas Cos With Stock Market Caps of $1 Bil to $5 Bil Generated June 2018 Quarter Total Pretax Loss of $1.017 Bil, a Decline of an Off-the-Charts 176% From Their Total PTI of $1.333 Bil in the June 2017 Quarter.  This Was a Complete Reversal From the 68 Largest US Oil & Gas Cos With Stock Market Caps Above $5 Bil Which Generated June 2018 Quarter Total Pretax Income (PTI) of $30.626 Bil, Up an Off-the-Charts 365% From Their Total PTI of $6.583 Bil in the June 2017 Quarter ........................................................................................  

The 126 Technology Cos Increased Their June 2018 Quarter Total US GAAP Pretax Losses (PTLs) From Continuing Operations By 159%, From Total PTLs of $292 Mil in Their June 2017 Quarter to $756 Mil in Their June 2018 Quarter.

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The 4 Coal Mining Cos Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations Which Declined By 16% From That in Their June 2017 Quarter.

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And Worse and Most Important of All Where So Many of the Good-Paying US Jobs Reside, the 194 Key Other Manufacturing Cos With Stock Market Caps of $1 Bil to $5 Bil Generated Six Months Ended June 2018 Total US GAAP Pretax Income (PTI) From Continuing Operations of $12.522 Bil, Up a Very Modest 2.0% From That in Their Six Months Ended June 2017 Total PTI of $12.278 Bil.

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The US Federal Government-Sponsored Enterprises Fannie Mae and Freddie Mac Are Not Included Below


From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 1,016 US Companies including Partnerships and REITs with June Quarter Ends, which have reported their June 2018 Quarter Earnings By August 21, 2018 and which had stock market caps from $1 Bil to $5 Bil in the second quarter of 2018.

My Focus is on Pretax Income Rather Than After-Tax Net Income Because the Lower Effective Income Tax Rate in 2018 is Simply a Transfer of Financial Wealth From the US Federal Government to US Corporations.  It Has Nothing Whatsoever to do with Company Performance.

US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
US Company Income Income Better Income Income Better
Market Caps $1-5 Bil (Loss) (Loss) (Worse) (Loss) (Loss) (Worse)
Releasing June 2018  June Qtr June Qtr % March Qtr March Qtr %
 Qtr Earnings Thru 8-21-18 2018 2017  Change 2018 2017  Change
mils $ mils $ mils $ mils $
Financial Cos
Genworth Financial               360               401               228               332
MGIC Investment Corp               238               181               180               174
Sabra Health Care REIT               201                 21                 63                 19
Radian Group               181               (35)               142               114
Air Lease               147               156               141               134
Essent Group Ltd               133                 99               122                 87
Two Harbors Investment Corp               133                   3               339                 34
CNO Financial Group               130               128               108                 97
Senior Housing Properties Trust               125                 17               237                 32
Triton Intl Ltd               123                 60                 93                 43
Stifel Financial               118                 83               120                 79
Chimera Investment Corp               118               115               239               163
BankUnited               117                 95               111                 90
American Equity Investment Life               114                 40               178                 82
Primerica               114                 96                 83                 75
Medical Properties Trust               114                 73                 92                 69
Navient               113               172               162               141
Legg Mason               109                 92               124               103
Evercore               107                 48               115               113
F N B Corp               106               104               108                 29
IBERIABANK               106                 80                 81                 73
American National Insurance               106                 49                 19                 53
Associated Bancorp               104                 78                 87                 77
PS Business Parks               102                 44                 72                 47
Home Bancshares               100                 80                 97                 72
Ryder System                 98                 81                 48                 61
Hospitality Properties Trust                 98                 61                 81                 38
First Hawaiian                 93                 90                 92                 90
Valley National Bancorp                 92                 71                 55                 64
Invesco Mortgage Capital                 92                 53                 53                 94
EPR Properties                 92                 81                 31                 55
Hancock Whitney                 87                 69                 89                 66
Assured Guaranty Ltd                 87               150               217               372
Cathay General Bancorp                 85                 67                 83                 69
United Bankshares                 85                 56                 80                 59
Chemical Financial                 81                 75                 83                 60
Artisan Partners Asset Mgt                 80                 64                 84                 55
Weingarten Realty Investors                 80                 69               149                 36
Brixmor Property Group                 80                 75                 61                 72
TCF Financial                 79                 89                 98                 70
Nationstar Mortgage Holdings                 79               (29)               206                   3
Investors Bancorp                 76                 64                 78                 73
Mercury General                 73                 69               (60)                 31
Blackstone Mortgage Trust                 73                 51                 61                 51
Selective Insurance Group                 72                 59                 20                 68
MFA Financial                 70                 80                 83                 78
LTC Properties                 69                 25                 20                 22
Bank of Hawaii                 68                 65                 64                 73
Apple Hospitality REIT                 68                 88                 42                 34
BancorpSouth Bank                 67                 57                 68                 57
Intl Bancshares                 67                 54                 67                 48
Simmons First National                 67                 34                 65                 32
RLJ Lodging Trust                 67                 44                 25                 23
UMB Financial                 66                 56                 68                 54
BGC Partners                 66                 94               133                 58
Alliance Bernstein Holding LP                 65                 48                 66                 50
Hope Bancorp                 64                 66                 69                 59
Washington Federal                 64                 65                 65                 63
Nelnet                 63                 41               149                 77
Flagstar                 62                 60                 44                 40
Great Western Bancorp                 62                 53                 55                 53
Education Realty Trust                 62                   6                 41                 15
Union Bankshares                 61                 24                 19                 26
Universal Insurance Holdings                 61                 48                 52                 47
Ryman Hospitality Properties                 61                 48                 29                 33
Pebblebrook Hotel Trust                 61                 45                 24                 11
Euronet Worldwide                 60                 70                 40                 37
Urban Edge Properties                 60                 15                 23                 55
Moelis & Co                 59                 59                 57                 46
Potlatch Deltic                 58                 33                 20                 19
Argo Group Intl                 57                 51                 25                 43
Waddell & Reed Financial                 57                 51                 61                 53
Cadence Bancorp                 56                 42                 50                 39
FCB Financial Holdings                 56                 43                 48                 43
Main Street Capital                 56                 45                 34                 37
Community Bank System                 55                 25                 52                 36
Morningstar                 55                 61                 55                 26
Apollo Commercial RE Finance                 55                 36                 49                 47
Glacier Bancorp                 54                 46                 47                 41
First Interstate Banc System                 54                 34                 47                 32
United Community Banks                 53                 45                 49                 42
Aircastle Ltd                 53                 (7)                 57                 44
Walker & Dunlop                 53                 56                 44                 56
Highwoods Properties                 53                 40                 34                 33
South State                 52                 48                 53                 25
Columbia Banking System                 52                 38                 47                 40
Federated Investors                 52                 87                 79                 81
Hercules Capital                 52                 33                   6                 (6)
Employers Holdings                 51                 33                 29                 29
Ares Management LP                 51               115                 62             (190)
BofI Holding                 50                 56                 78                 71
Eagle Bancorp                 50                 45                 48                 42
Aaron's                 50                 57                 67                 82
CVB Financial                 49                 45                 49                 45
MB Financial                 48                 64                 71                 76
Old National Bancorp                 48                 49                 53                 47
GATX Corp                 48                 73                 97                 78
Renasant Corp                 47                 37                 44                 35
First Merchants Corp                 47                 31                 43                 30
Trustmark Corp                 46                 30                 42                 40
First Financial Bancorp                 46                 34                 38                 35
Kemper Corp                 46                 52                 67                 (3)
Rayonier                 46                 38                 50                 41
First Industrial Realty Trust                 46                 39                 37                 23
First Financial Bankshares                 45                 37                 41                 34
TowneBank                 45                 40                 32                 32
Hilltop Holdings                 45                 89                 32                 41
National General Holdings                 44                 25                 72                 41
Ladder Capital Corp                 44                 38                 72                 18
OneMain Holdings                 43                 66               168                 57
ServisFirst Bancshares                 42                 34                 40                 30
Banner Corp                 42                 38                 37                 36
Berkshire Hills Bancorp                 42                 28                 32                 22
Houlihan Lokey                 42                 48                 61                 57
CoreCivic                 42                 49                 40                 53
PennyMac Mortgage Invest Trust                 42                 32                 38                 23
GEO Group                 41                 32                 40                 43
LaSalle Hotel Properties                 41                 67               (11)                 77
CenterState Bank                 40                 21                 41                 24
Wesbanco                 40                 36                 41                 37
BancFirst Corp                 40                 34                 37                 33
Independent Bank Corp                 40                 31                 34                 30
First Commonwealth Financial                 40                 20                 28                 23
Navigators Group                 40                 27                 37                 29
National Western Life Group                 40                 39                 34                 35
RLI Corp                 40                 34                 14                 27
Fulton Financial                 39                 55                 56                 57
First Midwest Bancorp                 39                 55                 43                 33
FBL Financial Group                 39                 46                 28                 37
Life Storage                 39                 19                 34                 21
Corporate Capital Trust                 38                 37                 73                 85
Avis Budget Group                 38                 11             (129)             (165)
Encore Capital Group                 38                 33                 33                 27
National Health Investors                 38                 38                 38                 44
Summit Hotel Properties                 38                 35                 10                 34
Healthcare Realty Trust                 38                 25                   9                 32
Pacific Premier Bancorp                 37                 22                 37                 14
Independent Bank Group                 37                 27                 36                 22
WSFS Financial                 36                 31                 48                 28
NBT Bancorp                 36                 32                 33                 28
Equity Commonwealth                 36                 (6)               191                 24
LegacyTexas Financial Group                 35                 42                 32                 27
Heartland USA                 35                 30                 28                 23
Cohen & Steers                 35                 37                 37                 36
Redwood Trust                 35                 42                 52                 43
Park National                 34                 26                 37                 28
First Busey                 34                 25                 30                 24
TPG Specialty Lending                 34                 32                 34                 28
Northwest Bancshares                 33                 45                 32                 26
Safety Insurance Group                 33                 30                 11                 17
HFF                 33                 32                 18                 32
Sandy Spring Bancorp                 32                 22                 28                 23
NMI Holdings                 32                   9                 27                   7
Empire State Realty                 32                 34                 18                 19
Stewart Info Services Group                 31                 33                 (3)                   6
Green Dot                 31                 21                 80                 63
Capitol Federal Financial                 30                 32                 32                 33
FB Financial                 30                 18                 25                 15
Taubman Centers                 30                 28                 35                 33
First Bancorp                 29                 17                 27                 11
Brookline Bancorp                 29                 24                 25                 22
Americold Realty Trust                 29                 (8)                 (9)                   6
TFS Financial                 28                 34                 30                 35
Tompkins Financial                 28                 25                 26                 23
FGL Holdings                 28                 48                 87                 35
ProAssurance                 28                 19                   8                 40
H&E Equipment Services                 28                 16                 13                   8
Four Corners Property Trust                 28                 18                 16                 15
Diamondrock Hospitality                 28                 41                   4                 10
1st Source Corp                 27                 26                 25                 25
Enterprise Financial Services Grp                 27                 18                 25                 17
CoreSite Realty                 27                 24                 29                 25
City Holding                 26                 21                 22                 24
TPG RE Finance Trust                 26                 25                 25                 23
Chesapeake Lodging Trust                 26                 25                   4                   4
S&T Bancorp                 25                 31                 32                 25
Boston Private Financial Hldgs                 25                 33                 28                 22
State Bank Financial                 25                 23                 23                 18
Lakeland Financial                 25                 23                 22                 20
Hamilton Lane                 25                 29                 49                 17
Spirit Realty Capital                 25                   4                 32                 13
Provident Financial Services                 24                 35                 34                 32
Preferred Bank                 24                 19                 23                 16
Southside Bancshares                 24                 18                 18                 18
Tanger Factory Outlet Centers                 24                 31                 24                 24
KKR RE Finance Trust                 24                 14                 23                 11
JBG Smith Properties                 24                 12                 (6)                   6
Westamerica Bancorp                 23                 22                 22                 20
New Mountain Finance                 23                 27                 24                 30
Seacoast Banking Corp Florida                 22                 12                 24                 12
Washington Trust Bancorp                 22                 20                 21                 17
Golub Capital BDC                 22                 20                 23                 21
Wisdom Tree Investments                 22                 22                 14                 15
Cousins Properties                 22               171                 16                   5
AMERISAFE                 21                 22                 19                 19
McGrath RentCorp                 21                 19                 19                 13
CURO Group Holdings                 21                 27                 35                 26
Corporate Office Properties Trust                 21                 19                 19                 23
Gramercy Property Trust                 21                   6                 12                 (8)
Opus Bank                 20                 29                 17                 13
National Bank Holdings                 20                 11                 10                   7
World Acceptance                 20                 18                 49                 49
Textainer Group Holdings Ltd                 20                 (5)                 21                 (8)
Tereno Realty                 20                 16                 10                   6
Meridian Bancorp                 19                 18                 15                 14
OceanFirst Financial                 19                 11                   6                 16
James River Group Hldgs Ltd                 19                 16                 17                 20
Industrial Logistics Proprties Trst                 19                 22                 19                 20
Select Income REIT                 18                 27                 38                   7
East Group Properties                 18                 37                 29                 13
Alexander's Inc                 18                 21                 14                 22
Triumph Bancorp                 16                 15                 16                 17
Washington Prime Group                 16               165                 20                 15
Saul Centers                 16                 14                 15                 17
Colony Credit Real Estate                 16                 33                 (3)                 32
Beneficial Bancorp                 15                 14                 13                 12
Live Oak Bancshares                 15                 10                 12                   7
LendingTree                 15                   8                 12                   7
Stag Industrial                 15                   1                 25                  -  
Monmouth RE Investment Corp                 15                 12                 12                   8
Heritage Financial                 14                 16                 10                 12
ARMOUR Residential REIT                 14                 30                 45                 53
Getty Realty                 14                 15                 10                   8
Apollo Investment Corp                 13                 29                 21                   8
TCG BDC Inc                 13                 16                 21                 16
Brandywine Realty Trust                 13                   7                 45                 21
Agree Realty                 13                 15                 17                 15
Caretrust REIT                 13                   2                 15                 10
National Storage Affiliates Trust                 13                 16                 12                   7
Ameris Bancorp                 12                 33                 34                 31
Kearny Financial                 12                   7                   8                   6
Kinsale Capital Group                 12                 13                   9                   9
Physicians Realty Trust                 12                 10                 11                   7
Government Properties Inc Trust                 12                 12                   7                   8
Piedmont Office Realty Trust                 11                 24                 58                 15
Retail Properties of America                 11               115                 42                 (9)
Washington REIT                 11                   8                   3                   7
PJT Partners                 10                 (2)                   3                   2
Global Net Lease                   9                   6                   6                   8
Exterran                   8                   3                   9                 (0)
Rexford Industrial Realty                   8                 20                 15                   6
Retail Opportunity Invest Corp                   8                   9                 12                 11
State Auto Financial                   8                 12                 (3)                 (4)
Meta Financial Group                   7                 12                 38                 40
Horace Mann Educators                   7                   2                 24                 18
BrightSphere Invest Group plc                   6                 15                 84                 28
Piper Jaffray                   5                 20                   8                 23
American Assets Trust                   4                   8                 (1)                 10
Outfront Media                   3                 38                   2                 (1)
Alexander & Baldwin                   3                   8                 45                   4
Mack-Cali Realty                   2               (39)                 51                 23
Herc Holdings                   1               (50)               (15)               (54)
Lexington Realty Trust                 (1)                   7               (15)                 42
Kite Realty Group Trust                 (1)                 11               (18)                  -  
United Fire Group                 (2)                 (4)                 22                 23
Acadia Realty Trust                 (2)                   6                 (4)                 20
Columbia Property Trust                 (3)                   1                   1                 75
DDR Corp                 (3)                 30               (54)               (54)
WillScot                 (6)               (15)                 (7)               (17)
Fortress Transp&Infrastr Investrs                 (6)                 (5)                 (9)                 (9)
Uniti Group                 (6)               (16)                  -                 (20)
QTS Realty Services                 (6)                   3                 (3)                   4
Tier REIT                 (8)                   4                   8                 98
Seritage Growth Properties               (11)               (35)                 16               (33)
White Mountains Insurance               (12)                 (2)               (66)                 (4)
FS Investment Corp               (31)                 19                 13                 63
Och-Ziff Capital Mgt Group LLC               (36)                 39                 16                 18
Paramount Group               (37)               139                   3                   6
Colony Capital               (42)               105               (59)                 44
Hertz Global Holdings               (86)             (245)             (231)             (294)
AmTrust Financial Services             (101)                   9               661                 72
Total all 271 Financial Cos          11,785          10,362 13.7%          12,296            9,131 34.7%
Health Care Cos
United Therapeutics               218                 44               309               264
Tenet Healthcare               150                 19               260                   4
Mednax               110               104                 87                 90
Ligand Pharmaceuticals                 96                   8                 55                   6
Select Medical Holdings                 82                 84                 56                 37
Spark Therapeutics                 80               (76)               (46)               (52)
Allscripts Healthcare Solutions                 79             (144)               (36)                 (9)
Nu Skin Enterprises                 72                 62                 60                 42
Life Point Health                 72                 70                 (3)                 96
Acadia Healthcare                 69                 66                 48                 49
Emergent BioSolutions                 66                   7               (10)                 14
Innoviva                 57                 35                 30                 17
Acorda Therapeutics                 55                 (3)                 (5)               (20)
Usana Health Sciences                 52                 33                 44                 33
Cambrex                 50                 34                 30                 27
AMN Healthcare Services                 48                 51                 50                 47
Prestige Brands Holdings                 46                 53               (53)                 19
Amedisys                 44                   3                 37                 25
MSA Safety                 43                 12                 42                 16
Bruker                 43                 30                 36                 32
Supernus Pharmaceuticals                 34                 26                 31                 16
Healthcare Services Group                 33                 33                 (1)                 32
Tivity Health                 30                 27                 29                 25
National Healthcare                 30                 17                 (3)                 21
Syneos Health                 30                   0               (34)                 28
Ensign Group                 28                 19                 30                   4
LHC Group                 28                 22                   9                 17
Enanta Pharmaceuticals                 24               (13)                 18                 (9)
Corcept Therapeutics                 21                 13                 21                   4
Medpace Holdings                 21                 14                 18                 14
Medifast                 18                 11                 15                   9
Magellan Health                 18                 11                 11                 29
Medidata Solutions                 17                 10                 10                 10
US Physical Therapy                 17                   9                 13                   8
Myriad Genetics                 16                 18                 16                   8
National Vision Holdings                 16                 (1)                 30                 26
Nuvasive                 16                 19               (37)                 13
Inogen                 14                   9                 10                   6
Spectrum Pharmaceuticals                 14               (20)               (16)               (24)
Regenxbio                 14               (14)               104               (22)
Merit Medical System                 12                 11                   6                 16
Conmed                 12                   8                 12                 (7)
Atrion                 11                 10                 11                 12
BioTelemetry                   9                   3                   5                 (1)
Genomic Health                   9                 (3)                 (4)                   0
Luminex                   8                   7                 16                 14
Repligen                   3                   4                   5                   4
Haemonetics                   3                 23                 13               (59)
OPKO Health                   3               (22)               (42)               (39)
Staar Surgical                   3                 (1)                   1                 (2)
Pacira Pharmaceuticals                   3               (20)               (11)               (20)
Orthofix Intl NV                   2                   9                 11                   2
Avanos Medical                   1               (19)               (15)               (25)
NxStage Medical                 (2)                 (3)                 (2)                 (2)
Diplomat Pharmacy                 (2)                   3                 (1)                   7
Intersect ENT                 (4)                 (2)                 (6)                 (7)
Glaukos                 (5)                 (3)                 (3)                   1
Natus Medical                 (6)                 (7)                 (5)                   0
AxoGen                 (7)                 (2)                 (6)                 (4)
Madrigal Pharmaceuticals                 (7)                 (8)                 (6)                 (6)
Quidel                 (9)               (14)                 39                 16
PTC Therapeutics                 (9)               (17)               (19)               (29)
Evolent Health               (10)               (20)               (14)               (23)
Nevro               (10)               (11)               (18)               (15)
iRhythm               (12)                 (6)               (11)                 (5)
CytomX Therapeutics               (12)               (25)               (14)                 (8)
AnaptysBio               (14)                 (3)               (15)               (11)
Sangamo Therapeutics               (17)               (12)               (20)               (17)
MyoKardia               (18)               (15)               (18)               (15)
G1 Therapeutics               (21)               (15)               (20)               (12)
Retrophin               (22)               (15)               (18)               (13)
Intellia Therapeutics               (22)               (16)               (21)               (13)
Accelerate Diagnostics               (23)               (16)               (21)               (14)
Halozyme Therapeutics               (23)               (31)               (27)               (33)
Fibrogen               (23)               (32)               (41)               (31)
Teladoc               (25)               (15)               (24)               (16)
Xencor               (26)                 (7)               (29)               (15)
Blueprint Medicines               (27)               (33)               (57)               (28)
Mirati Therapeutics               (28)               (18)               (15)               (18)
Acceleron Pharma               (29)               (30)               (26)               (25)
Zogenix               (29)               (22)               (30)               (21)
Horizon Pharma plc               (29)             (211)             (157)             (138)
Epizyme               (29)               (28)               (34)               (33)
Iovance Biotherapeutics               (31)               (23)               (27)               (21)
Audentes Therapeutics               (31)               (23)               (26)               (18)
Arena Pharmaceuticals               (32)               (24)               (31)               (23)
Apellis Pharmaceuticals               (33)               (12)               (22)                 (9)
Therapeutics MD               (33)               (20)               (24)               (21)
Foundation Medicine               (33)               (44)               (37)               (46)
Revance Therapeutics               (34)               (27)               (35)               (27)
Karyopharma Therapeutics               (34)               (29)               (38)               (30)
Tabula Rasa Health Care               (35)                 (2)               (15)                 (2)
Lexicon Pharmaceuticals               (35)               (35)               (42)               (44)
Wave Life Sciences Ltd               (36)               (24)               (35)               (20)
Athenex               (37)               (39)                 (7)               (41)
Intra-Cellular Therapies               (37)               (18)               (35)               (27)
CRISPR Therapeutics AG               (38)               (22)               (28)               (21)
Editas Medicine               (39)               (26)               (31)               (31)
Dynavax Technologies               (39)               (20)               (39)               (25)
Heron Therapeutics               (39)               (43)               (52)               (50)
Biohaven Pharmaceutical Ltd               (39)               (38)               (85)               (19)
Global Blood Therapeutics               (40)               (24)               (42)               (23)
Immunogen               (42)                 (9)               (39)               (17)
Puma Biotechnology               (44)               (78)               (24)               (73)
TG Therapeutics               (44)               (28)               (42)               (28)
Flexion Therapeutics               (44)               (29)               (42)               (24)
Esperion Therapeutics               (46)               (43)               (46)               (41)
Endo Intl plc               (46)             (754)             (482)             (177)
Theravance Biopharma               (48)               (66)               (65)               (60)
Ironwood Pharmaceuticals               (49)               (44)               (43)               (53)
Array BioPharma               (51)               (30)               (23)               (35)
Atara Biotherapeutics               (51)               (27)               (41)               (26)
Ultragenyx               (53)               (73)                 30               (68)
Aimmune Therapeutics               (53)               (32)               (50)               (26)
Denali Therapeutics               (55)               (22)               (24)               (21)
Aeri Pharmaceuticals               (55)               (28)               (41)               (26)
Amicus Therapeutics               (61)               (48)               (51)               (55)
Akcea Therapeutics               (62)               (20)               (30)               (64)
Myovant Sciences Ltd               (62)               (22)               (49)               (22)
Acadia Pharmaceuticals               (63)               (67)               (53)               (88)
Medicines Co               (67)             (393)             (104)               (71)
Intrexon               (68)               (20)               (51)               (33)
Alder Biopharmaceuticals               (68)               (75)               (87)             (100)
Radius Health               (69)               (68)               (62)               (57)
Agios Pharmaceuticals               (69)               (83)               (91)               (66)
Momenta Pharmaceutics               (70)               (37)               (48)               (32)
Intercept Pharmaceuticals               (75)               (87)               (82)               (90)
Insmed               (76)               (45)               (69)               (37)
Mallinckrodt plc               (82)               (35)               (86)               (87)
Wright Medical Group NV               (95)               (20)               (20)               (36)
Clovis Oncology             (101)             (177)               (78)               (58)
Akorn             (104)                   7               (36)                 65
Portola Pharmaceuticals             (106)               (69)               (85)               (42)
Tesaro             (167)             (152)             (163)             (137)
Brookdale Senior Living             (181)               (49)             (441)               (42)
Owens & Minor             (191)                 26                 14                 29
Total all 136 Health Care Cos          (1,647)          (3,109) 47.0%          (2,622)          (1,876) -39.7%
All Other Manufacturing Cos
Venator Materials plc               243                 50               100               (25)
Louisiana-Pacific               215               131               125                 71
Scott's Miracle Gro               166               222               202               240
American Axle               153                 69               107                 86
Dana Inc               123               104               159               110
Timken               122                 74               109                 54
Trinseo SA               119                 79               145               147
Delphi Technologies plc               110                 78               127               142
Kronos Worldwide               110                 65               100                 48
Gates Industrial Group plc               104                 13                 41                 39
Vishay Intertechnology                 98                 76                 92                 50
Valvoline                 97                 94                 94               109
Meritor                 95                 63                 82                 36
Cabot                 95                 71             (170)                 79
EchoStar                 95                 10               (26)                 31
Tenneco                 93                   7                 97               106
Tupperware Brands                 89               (13)                 58                 64
Kennametal                 89                 33                 77                 49
Regal Beloit                 86                 69                 75                 62
Graphic Packaging                 85                 66                 48                 55
Terex                 85               118                 59               (88)
Versum Materials                 84                 69                 77                 58
Allegheny Technologies                 80                 11                 66                 23
Deluxe                 79                 89                 83                 81
ITT Inc                 79                 59               109                 55
Oswens-Illinois                 78               152               135                 73
Callaway Golf                 78                 48                 80                 39
Skechers USA                 75                 88               152               124
Generac Holdings                 73                 39                 45                 20
Rayonier Advanced Materials                 72                   7                 34                 18
AK Steel                 72                 93                 40               101
Silgan Holdings                 72                 42                 62                 34
AVX Corp                 71                 44                 47                 51
NewMarket                 70                 85                 81                 88
Kapstone Paper & Packaging                 69                 30                 41                 10
Wolverine World Wide                 68                 22                 55                 21
HRG Group                 65                 23               (39)                 16
Armstrong World Industries                 65                 69                 49                 57
WR Grace                 64                 63                 68                 61
Ingevity                 64                 53                 46                 34
LCI Industries                 62                 62                 59                 59
PolyOne                 62                 63                 64                 68
Bemis                 61                 41                 62                 74
Colfax                 61                 62                 38                 51
Simpson Manufacturing                 60                 45                 33                 31
Universal Forest Products                 59                 53                 43                 32
JELD-WEN Holding                 59                 64                 36                   9
Barnes Group                 59                 53                 51                 52
Acushnet Holdings                 59                 52                 58                 62
Trex Co                 57                 44                 47                 42
Rexnord                 57                 38               (54)                 38
Minerals Technologies                 55                 57                 50                 46
Moog                 55                 48                 26                 48
Carpenter Technology                 54                 38                 38                 29
Woodward                 54                 69                 48                 50
Pitney Bowes                 53                 42                 73                 96
Cooper-Standard Holdings                 52                 62                 69                 54
nVent Electric plc                 51                 88                 64                 66
Domtar                 51                 47                 65                 25
Hillenbrand                 51                 51                 (8)                 49
Flowers Foods                 50                 67                 70                 95
Watts Water Technologies                 50                 40                 39                 31
Visteon                 49                 58                 88                 75
Valmont Industries                 49                 68                 53                 55
Advanced Draining Systems                 48                 28                 (9)               (29)
Patrick Industries                 47                 32                 37                 22
Sensient Technologies                 47                 40                 50                 19
Mueller Industries                 46                 41                 31                 42
Masonite Intl                 44                 37                 29                 24
ACCO Brands                 44                 38                   6                  -  
Harsco                 44                 31                 28                 17
Dorman Products                 43                 45                 40                 45
Steven Madden Ltd                 43                 43                 37                 31
Wabash National Corp                 43                 36                 26                 29
Valhi                 42                 63               106                 42
Stepan                 42                 37                 38                 44
Sanmina                 41                 62                 42                 57
Esterline Technologies                 41                 43                 26                 48
Ferro                 40                 30                 31                 29
Kemet                 40               222                   5                 53
AdvanSix                 38                 41                 15                 44
Belden                 38                 38                   7                 28
John Bean Technologies                 38                 26                   2                 17
Albany Intl                 37                   3                 15                 18
Crocs                 37                 30                 27                 16
Franklin Electric                 37                 37                 19                 16
J&J Snack Foods                 36                 39                 25                 25
Federal Signal                 35                 18                 17                 11
SPX FLOW                 35                 13                 16                 (7)
Schweitzer-Mauduit Intl                 34                 32                 28                 21
New York Times                 34                 22                 27                 24
II-VI Inc                 34                 34                 31                 29
RBC Bearings                 33                 29                 36                 32
Meredith                 32                 64             (126)                 65
Energizer Holdings                 32                 31                 18                 59
Integer Holdings                 32                 10                 12                 (4)
Vector Group Ltd                 32                 50                   6                 (7)
Apergy                 32                 28                 32                 20
Boston Beer                 31                 46                   9                   4
Tempur Sealy                 30                 35                 33                 47
PQ Group Holdings                 30                   1                  -                   (5)
Plexus Corp                 30                 27                 15                 32
Innospec                 29                 35                 30                 23
Gibraltar Industries                 29                 21                 11                   6
Matthews Intl                 29                 38                 20                 21
Interface                 28                 31                 20                 13
Kaiser Aluminum                 28                   7                 32                 55
Douglas Dynamics                 28                 22                 (3)                 (6)
Continental Building Products                 27                 19                 18                 18
PGT Innovations                 26                 15                   9                   4
Rogers Corp                 26                 32                 31                 40
TriMas                 26                 23                 31                 12
Altra Industrial Motion                 26                 21                 13                 15
Mercer Intl                 25                   6                 35                 17
Hostess Brands                 25                 40                 36                 34
Multi-Color                 25                 18                 29                 26
Balchem                 25                 22                 25                 21
Alamo Group                 25                 18                 20                 19
ARRIS Intl plc                 25                 20               (14)               (31)
HNI Corp                 24                 21                   1                   7
Cavco Industries                 24                 16                 31                 17
Fox Factory Holding                 24                 18                 15                 11
Tronox Ltd                 23               (17)               (36)               (56)
Quaker Chemical                 23                 17                 18                 15
Encore Wire                 23                 17                 15                 21
Proto Labs                 23                 18                 22                 18
Milacron Holdings                 23                 18                 12               (18)
ESCO Technologies                 23                 17                 14                 17
Standard Motor Products                 22                 30                 12                 26
Century Aluminum                 22                   9                 (1)               (15)
Edgewell Personal Care                 21                 66                 86                 90
Mueller Water Products                 21                 38                 24                   6
US Concrete                 21                   5                 (2)                 14
Gentherm                 20                 11                 16                 33
Inter Parfums                 20                 14                 32                 27
Sturm Ruger                 20                 16                 19                 34
SPX Corp                 20                 (2)                 16                 13
Knoll                 18                 20                 21                 21
Cooper Tire & Rubber                 18                 68                 12                 42
Mobile Mini                 18                 13                 20                 15
Chart Industries                 18                   6                   9                 (5)
Kadant                 18                 11                 15                 12
Welbilt                 17                 30                 13                   7
Mercury Systems                 17                 11                   6                 10
TTM Technologies Inc                 17                 26                 15                 37
Rudolf Technologies                 17                 13                 18                   9
Gannett Co                 16                   2                  -                   (7)
New Media Investment Group                 15               (14)                 (1)               (10)
Plantronics                 15                 17                 27                 24
Novanta                 15                 15                 14                 35
AAON Inc                 15                 20                   5                 14
Tootsie Roll Industries                 14                 16                 10                 14
Enpro Industries                 14                 11                 25                   9
Materion                 14                   9                 12                   3
Tennant                 13                 (2)                   4                 (5)
Casa Systems                 13                 16                 20                 19
Benchmark Electronics                 13                 21                 18                 10
Universal Display                 13                 61                   6                 13
CTS Corp                 12                 14                 15                 12
Seaboard                 11                 84                 54               112
B&G Foods                 11                 35                 27                 51
Griffon                   9                   5                   3                   4
Sun Hydraulics                   9                 11                 16                 15
Hyster-Yale Matl Handling                   9                 18                 20                 24
Badger Meter                   8                 16                 10                 13
Itron                   8                 32             (156)                 25
Knowles                   6               (24)                  -                   (6)
Quad/Graphics                   5                 15                 (7)                 32
Axon Enterprises                   5                   3                 15                   6
Cubic                   5                 (9)                 (2)               (10)
Iridium Communications                   3                 37                 15                 56
Evoqua Water Technologies                   2                 14                 15                  -  
Sleep Number                   1                 (3)                 26                 36
NetGear                 (1)                 20                   8                 24
Coca-Cola Bottling                 (3)                 11               (27)                 (8)
Platform Specialty Products                 (3)               (49)               103                 (5)
Loral Space & Comm Equip                 (5)                 (3)                   4               137
Cimpress NV                 (6)               (34)                   2               (60)
Neenah                 (8)                 26                 21                 24
Kraton               (16)                 27                 24                   5
Infinera               (22)               (43)               (27)               (41)
Maxar Technologies Ltd               (25)                 27                 24                 10
TreeHouse Foods               (26)               (56)               (44)                 40
Darling Ingredients               (28)                 18               102                   9
GCP Applied Technologies               (34)                   8                 (0)               (13)
Deckers Outdoor               (39)               (57)                 18               (32)
McDermott               (39)                 60                 55                 35
Astec Industries               (49)                 21                 26                 23
Viasat               (65)               (18)               (37)                   3
Sunrun               (67)               (63)               (83)               (70)
Triumph Group               (76)                 (3)             (307)             (140)
Revlon             (124)               (25)               (93)               (77)
NCR             (156)               130                 63                 71
Diebold Nixdorf             (163)               (60)               (44)               (75)
Total 194 Other Manufacturing Cos            6,946            6,611 5.1%            5,575            5,667 -1.6%
Oil & Gas Cos
Dominion Energy Midstream LP               132                 32                 34                 54
Delek US Holdings               120               (59)               (29)                 20
CV Refining LP               118               (19)               147                 67
Gulfport Energy               111               106                 90               154
Liberty Oilfield Services               111                 39                 62                   8
EnLink Midstream LLC               109                 30                 64                 12
FTS Intl               105                 45                 80               (20)
Mammoth Energy Services                 96                 (4)               101                 (8)
CVR Energy                 96               (26)               125                 53
Hess Midstream Partners LP                 95                 68                 89                 63
National Fuel Gas                 82                 96               130               142
RPC Inc                 79                 69                 66                   2
TC Pipelines LP                 75                 55               103                 84
Matador Resources                 66                 32                 65                 46
Valero Energy Partners LP                 64                 59                 66                 58
Jagged Peak Energy                 57                 31               (30)             (377)
Viper Energy Partners LP                 57                 22                 43                 21
SRC Energy                 53                 28                 72                 20
Callon Petroleum                 51                 34                 56                 47
ProPetro Holding                 51                   5                 47               (24)
Southwestern Energy                 51               284               208               351
Cactus                 46                 17                 28                   5
Noble Midstream Partners LP                 45                 39                 39                 35
Boardwalk  Pipeline Partners LP                 42                 24                 97               120
Holly Energy Partners LP                 42                 43                 49                 28
BP Midstream Partners LP                 40                 20                 41                 20
Denbury Resources                 40                 25                 54                 43
Carrizo Oil & Gas                 36                 56                 28                 40
W&T Offshore                 36                 24                 28                 17
Laredo Petroleum                 33                 61                 87                 68
NuStar Energy LP                 32                 28               130                 61
CNX Midstream Partners LP                 30                 30                 34                 33
CNX Resources                 30               180               759             (138)
Keane Group                 30               (11)                 (5)               (72)
Black Stone Minerals LP                 29                 54                 42                 62
C&J Energy Services                 28               (15)                 21               (36)
Select Energy Services                 25               (11)                 17               (12)
PBF Logistics LP                 24                 27                 25                 28
Antero Midstream GP LP                 22                   2                 19                   1
Helix Energy Solutions Group                 18                 (1)                 (2)               (21)
SM Energy                 16             (191)               416               119
NOW Inc                 15               (17)                   3               (23)
Extraction Oil & Gas                 13                 12               (66)                 14
Unit Corp                 10                 15                 12                 30
Oil States Intl                   4               (19)                 (5)               (24)
USA Compression Partners LP                   3               (10)               (15)                   2
Archrock                   3                 (6)                   2               (14)
Whiting Petroleum                   2             (104)                 15             (126)
Dril-Quip                 (2)                   0                 (4)                  -  
Semgroup                 (6)                 13               (10)               (10)
Forum Energy Technologies               (14)               (89)                 15               (29)
Crestwood Equity Partners LP               (21)                   0                 34               (19)
WildHorse Resource Development               (23)                 42             (154)                 32
Chesapeake Energy               (25)               496               294               142
Alta Mesa Resources               (26)                 16               (45)                 29
Frank's Intl NV               (27)               (32)               (36)               (36)
Superior Energy Services               (29)               (92)               (69)             (134)
Oceaneering Intl               (30)                   3               (43)                 (9)
Tellurian               (36)               (33)               (25)             (141)
New Jersey Resources               (43)                 13               171               139
High Point Resources               (47)               (18)               (25)               (13)
Summit Midstream Partners LP               (50)                 11                 (4)                  -  
California Resources               (63)               (47)                   9                 52
Diamond Offshore Drilling               (79)                 (7)               (25)                 24
Rowan Companies plc               (81)                 (7)             (106)                 40
Range Resources             (108)               127                 92               283
Ensco plc             (117)               (25)             (122)                   0
South Jersey Industries             (126)               (13)               148                 60
Kosmos Energy Ltd             (149)                 15               (75)                 (7)
Nabors Industries             (172)             (135)             (120)             (173)
PDC Energy             (206)                 66               (18)                 72
Weatherford Intl plc             (233)             (148)             (210)             (410)
Oasis Petroleum             (417)                 19                   5                 40
QEP Resources             (442)                 73               (68)               123
Noble Corp plc             (917)             (114)             (140)               (26)
Total all 75 Oil & Gas Cos          (1,017)            1,333 -176.3%            2,912            1,061 174.5%
Technology Cos
Coherent                 93                 93                 91                 61
CoreLogic                 76                 60                 27                 19
CACI Intl                 71                 68                 94                 55
Insight Enterprises                 69                 65                 44                 19
Kulicke and Soffa Industries                 68                 17                 41                 38
Syntel                 56                 50                 62                 49
Advanced Energy Industries                 56                 48                 56                 40
Aerojet Rocketdyne                 47                 36                 19                   9
Stamps.com                 46                 41                 49                 34
Amkor Technology                 44               153                 13               (15)
Cabot Microelectronics                 43                 26                 37                 23
Manhattan Associates                 37                 49                 29                 41
Diodes Inc                 36                 20                 26                   2
Blucora Inc                 36                   6                 48                 34
Integrated Device Technology                 34                 16                 25                 28
EBIX Inc                 31                 24                 29                 27
Lumentum Holdings                 28               (28)                   3               (44)
Trade Desk                 25                 18                   9                   1
Brooks Automation                 25                 19                 23                 17
Enova Intl                 24                 18                 35                 21
Cotiviti Holdings                 24                 29                 70                 26
NIC Inc                 22                 20                 21                 21
Convergys                 22                 46                 29                 45
CSG Systems Intl                 21                 20                 20                 22
ePLUS                 21                 21                 18                 19
Cision Ltd                 18               (26)               (18)               (30)
Cars.com                 17                 27                   1                 27
Power Integrations                 17                 15                 15                 13
Mellanox Technologies Ltd                 16                 (6)                 11               (14)
iRobot Corp                 15                   6                 26                 21
Silicon Labs                 15                 18                 22                 13
Qualys                 12                   9                 10                   8
Yelp Inc                 11                   8                 (2)                 (4)
Switch                 11                 15                   4                 20
Oclaro                   9                 30                 11                 39
Bottomline Technologies                   9                 (7)                 (1)                 (7)
Electronics For Imaging                   8                   4                 (6)                   4
Vicor                   8                 (0)                   4                 (1)
Alarm.com Holdings                   8                   5                 12                   5
AppFolio                   8                   3                   4                   1
Blackbaud                   7                 14                 14                 11
Omnicell Inc                   6                 (1)                 (2)               (19)
SPS Commerce                   6                   3                   5                   4
Ellie Mae                   6                 18                 (2)                   5
Teradata                   6                 (3)                 (8)                 (2)
MicroStrategy Inc                   6                 13                   1                 20
nLight                   6                   1                   4                  -  
Sykes Enterprises                   5                 10                 13                 25
Etsy Inc                   5                   2                 13                 (1)
Redfin                   3                   4               (36)               (28)
OSI Systems                   3                 19                   3                 19
Varex Imaging                   3                 16                 16                 22
Altair Engineering                   2                 (8)                   5                 (3)
Car Gurus                   2                   6                   4                   7
Zynga                   1                   8                   9                 (7)
Virtusa Corp                   0                   5                 11                 16
Roku                   0               (15)                 (7)                 (9)
SendGrid                 (0)                 (1)                 (1)                 (2)
Endurance Intl Group Hldgs                 (0)               (33)                 (4)               (26)
Shutterstock                 (1)                   5                 44                 11
Five9                 (2)                 (4)                 (1)                 (5)
Five9 Inc                 (2)                 (4)                 (1)                 (5)
Mimecast Ltd                 (3)                 (1)                 (7)                 (2)
Maxlinear                 (3)               (19)                 (0)                 10
Carbonite                 (3)                 (6)                 (5)                 (7)
Stratasys Ltd                 (3)                 (5)               (13)               (13)
Paylocity                 (3)                 (5)                 21                 15
Imperva                 (3)                 (4)               (10)                 24
Nuance Communications                 (3)               (25)             (161)               (25)
Chegg Inc                 (3)                 (5)                 (2)                 (6)
Kratos Defense&Security                 (4)                 (6)                   2                 (9)
Longfin                 (4)               (18)                 (8)                   0
Quotient Technology                 (4)                 (5)               (11)                 (3)
Cirrus Logic                 (5)                 48                 22                 45
SailPoint Technoligies                 (5)                 (4)                 (6)                 (2)
Envestnet                 (5)                 (2)                 (6)                 (9)
Apptio                 (6)                 (7)                 (8)                 (7)
Commvault Systems                 (6)                 (4)                   1                 (2)
3D Systems Corp                 (6)                 (6)               (19)                 (9)
TrueCar Inc                 (7)                 (8)                 (9)                 (7)
Extreme Networks                 (7)                 14               (12)                 (4)
LivePerson                 (8)                 (7)                 (4)                 (5)
Acxiom Corp                 (8)                 (9)                   2               (11)
Blackline                 (8)                 (9)                 (7)                 (8)
Talend SA                 (9)                 (8)               (10)                 (7)
Q2 Holdings                 (9)                 (8)                 (6)                 (7)
Acacia Communications               (11)                 (6)               (13)                 30
ACI Worldwide               (11)               (51)               (23)                 (6)
Appian               (11)               (14)                 (9)                 (3)
Alteryx               (11)                 (8)                 (5)                 (6)
Cray Inc               (11)               (10)               (25)               (30)
Cornerstone On Demand               (11)               (21)               (16)               (16)
Varonis Systems Inc               (12)                 (5)               (15)               (12)
Instructure               (12)               (10)               (12)               (12)
Liberty TripAdvisor Holdings                (14)                   3               (19)                 (5)
Synaptics Inc               (14)                 16               (18)                 11
Rapid7               (14)               (11)               (16)               (11)
Benefitfocus               (14)               (14)               (14)               (16)
Rambus Inc               (16)                   5               (39)                 10
Everbridge               (17)                 (3)               (12)                 (6)
Mindbody               (17)                 (4)                 (4)                 (4)
Pros Holdings               (17)               (19)               (19)               (20)
Hub Spot               (18)               (13)               (15)                 (8)
Viavi Solutions               (18)                 18                 (8)                 30
Inovalon Holdings               (18)                   9               (23)                   6
ForeScout Technologies               (20)               (18)               (27)               (26)
Pegasystems               (21)               (10)                   8                 67
Workiva               (22)               (10)               (10)                 (6)
Cree Inc               (25)                 (4)             (278)               (10)
Carbon Black               (25)               (12)               (21)               (12)
Inphi Corp               (28)               (15)               (31)               (11)
Xperi               (32)               (13)               (36)               (46)
Shutterfly               (39)               (38)               (42)               (55)
Hortonworks               (40)               (56)               (42)               (55)
Pluralsight               (44)               (22)               (23)               (10)
Carvana               (51)               (39)               (53)               (38)
Ceridian HCM Holding               (55)               (21)                   4                 (9)
Overstock.com               (66)               (10)               (55)                 (6)
FireEye               (71)               (67)               (71)               (76)
Net Scout Systems               (82)               (37)               (12)                 37
Groupon               (91)                 (2)                 (5)               (16)
Fitbit               (95)               (63)               (81)               (90)
MACOM Tech Solutions               (95)               (11)               (18)               (44)
Pandora Media               (99)             (275)             (132)             (132)
Liberty Expedia Holdings             (178)             (307)             (389)             (511)
SunPower             (481)             (107)             (145)             (235)
Total all 126 Technology Cos             (756)             (292) -159.0%             (926)             (677) -36.8%
Cos in All Other Sectors
Laureate Education               313               159               174             (147)
NextEra Energy Partners LP               275                 78                 (2)                 72
Cleveland-Cliffs               228                 83               (69)               (32)
Kennedy-Wilson Holdings               197                 31                 (4)                 (3)
Realogy Holdings               176               183               (86)               (37)
Penske Automotive Group               176               157               144               125
Hilton Grand Vacations               146                 84                 40                 76
AMC Networks               143               168               218               216
Churchill Downs               136               120                 17                   3
AutoNation               130               145               126               160
Tegna               120                 73                 75                 64
Tribune Media               117               (40)               198             (153)
MasTec               116               139                 37                 68
Red Rock Resorts               114               (62)                 93                 56
Hawaiian Holdings               106               124                 37                 46
NRG Yield               103                 52                 (1)                 (3)
Premier Inc               102                 88                 90                 79
Cinemark Holdings               101                 81                 87               124
Dun & Bradstreet               101                 65                 82                 26
Choice Hotels Intl               100                 76                 30                 34
SkyWest                 98                 81                 67                 52
EMCOR Group                 98                 90                 76                 80
Avnet                 94                 55               (72)               106
Camping World Holdings                 94               119                 24                 55
Sunoco LP                 92               (74)               (47)                 (2)
Warrior Met Coal                 91               163               179               110
Alliance Resource Partners LP                 86                 63               156               105
TRI Pointe Group                 85                 52                 58                 13
Maximus                 85                 83                 72                 80
Landstar System                 83                 60                 74                 51
Univar                 83                 39                 75                 24
Lithia Motors                 81                 88                 70                 81
Extended Stay America                 80                 66                 37                 20
KBR Inc                 80               100               173                 51
Performance Food Group                 79                 67                 45                 33
Taylor Morrison Home                 79                 78                 59                 55
Site One Landscape Supply                 78                 70               (27)               (18)
Sally Beauty Holdings                 78               103                 86                 92
MDC Holdings                 77                 52                 51                 36
Builders FirstSource                 76                 58                 25                   4
Genesee & Wyoming                 75                 78                 60                 49
Group 1 Automotive                 75                 62                 46                 51
Sothebys                 75               108               (11)               (18)
WESCO INTL                 73                 66                 53                 50
Trinet Group                 72                 52                 67                 45
Meritage Homes                 71                 63                 49                 37
United States Cellular                 70                 12                 77                 61
MSG Networks                 70                 66                 70                 74
Idacorp                 70                 67                 39                 39
Penn National Gaming                 69                 23                 61                   7
Murphy USA                 69                 90                 47               (10)
Hi-Crush Partners LP                 68                 16                 54                 (7)
Beacon Roofing Supply                 67                 71               (97)               (15)
Telephone and Data Systems                 65                 22                 81                 77
Jack in the Box                 65                 46                 36                 51
Allegiant Travel                 63                 79                 69                 67
LGI Homes                 63                 49                 31                 17
Graham Holdings                 63                 66                 57                 24
Applied Inmdustrial Technologies                 60                 46                 50                 43
Hawaiian Electric Industries                 60                 60                 53                 52
Adtalem Global Education                 59                 49                 52                 43
Asbury Automotive Group                 58                 51                 53                 53
FTI Consulting                 58                 (5)                 54                 22
EnerSys                 57                 61                 60                 45
Cable One                 57                 45                 50                 51
Gray Television                 56               118                 26                 18
Boise Cascade                 56                 35                 47                 15
CONSOL Energy                 56                 62                 77                 56
Sprouts Farmers Market                 55                 58                 74                 68
Brinker Intl                 55                 68                 59                 60
Sunstone Hotel Investors                 54                 52                 35                 64
Texas Roadhouse                 54                 54                 65                 49
Conduent                 54               (11)               (54)               (22)
Central Garden & Pet                 53                 52                 57                 56
BMC Stock Holdings                 53                 27                 20                   5
Portland General Electric                 52                 42                 72                 96
Boyd Gaming                 52                 46                 51                 51
Werner Enterprises                 51                 37                 35                 26
Tetra Tech                 51                 43                 39                 40
Anixter Intl                 49                 64                 46                 50
Summit Materials                 49                 55               (73)               (57)
Macquarie Infrastructure                 48                 44                 64                 55
PNM Resources                 48                 63                 20                 37
Northwestern Corp                 47                 22                 60                 63
Eldorado Resorts                 46               (85)                 23                   1
Clean Harbors                 45                 49               (10)               (18)
ASGN Inc                 45                 53                 39                 35
El Paso Electric                 44                 56               (10)                 (6)
Comfort Systems USA                 43                 28                 19                 11
Matson Inc                 42                 40                 24                 10
World Fuel Services                 42                 35                 38                 36
FirstCash                 42                 22                 56                 52
Wendy's                 42                 (0)                 14                 32
J2 Global                 41                 41                 26                 35
ILG Inc                 41                 39                 65                 70
Saia Inc                 40                 28                 26                 16
Arch Coal                 40                 37                 59                 53
Planet Fitness                 40                 28                 30                 25
Bluegreen Vacations                 39                 43                 31                 31
Rush Enterprises                 39                 35                 28                 22
TopBuild                 37                 38                 31                 (5)
Park City Holdco                 37                 40                 (2)                 (7)
Xenia Hotel & Resorts                 35                 77                 62                 10
Floor & Décor Holdings                 35                 25                 34                 17
SeaWorld Entertainment                 35             (242)               (86)             (103)
Black Hills                 34                 37               113               116
Nutri System                 34                 36                   2                   9
Insperity                 34                 23                 65                 53
St Joe Co                 33                 17                  -                     6
Viad                 33                 38               (16)                 10
Cedar Fair LP                 33                 49             (102)               (93)
Spire                 32                 30               117               161
Forward Air Corp                 32                 30                 24                 24
Cheesecake Factory                 32                 49                 30                 42
Hudson Ltd                 32                 10                 (2)               (11)
Ormat Technologies                 32                 45                 47                 51
Avista                 31                 35                 66                 95
Ashland Global Holdings                 31               (20)                 67                 24
MRC Global                 30                   9                 25                   7
Air Transport Services Group                 30               (48)                 21                 16
Hub Group                 30                 16                 21                 16
Marcus & Millichap                 30                 26                 24                 19
Office Depot                 28                 35                 55               121
Mantech Intl                 28                 25                 26                 24
ONE Gas                 27                 33               116               115
Southwest Gas Holdings                 27                 27               103               105
Monro                 27                 28                 24                 15
Sinclair Broadcasting Group                 26                 71                 28                 99
ALLETE                 26                 44                 47                 62
Wyndham Destinations                 26                 10                 65                 88
Weis Markets                 26                 28                 22                 21
Dine Brands Global                 25                 41                 23                 26
Systemax                 25                 22                 20                 12
PRA Group                 25                 24                 29                 81
Exponent                 25                 22                 22                 18
MGE Energy                 24                 24                 26                 30
Heartland Express                 23                 22                 13                 20
RMR Group                 23                 22                 23                 22
Otter Tail                 22                 23                 30                 26
Installed Building Products                 22                 18                   8                 10
Bloomin Brands                 22                 39                 68                 68
American States Water                 21                 37                 13                 20
US Silica Holdings                 20                 37                 39                   1
Papa John's Intl                 20                 35                 22                 42
AMC Entertainment Holdings                 20             (286)                 22                 (1)
ExlService Holdings                 20                 21                 19                 20
TrueBlue                 20                 18                 10                   7
Pinnacle Entertainment                 19                 10                 23                 17
ICF Intl                 19                 20                 16                 15
Marten Transport Ltd                 18                 15                 14                 14
Kaman                 18                 21                 19                 10
Primoris Services                 18                 37                   4                 13
BJ's Restaurants                 18                 11                 15                 13
Engility Holdings                 18                 15                   8                 13
SJW Group                 17                 33                   1                   5
Wesco Aircraft Holdings                 17             (297)                 21                 23
Marriott Vacations Worldwide                 17                 71                 47                 44
US Ecology                 17                   8                 13                   8
CBIZ                 16                 16                 49                 41
Capella Education                 16                 15                 18                 18
Spirit Airlines                 15               123               (60)                 51
Newmark Group                 15                 56                 39                 37
World Wrestling Entertainment                 15                   8                 20                   1
Liberty Latin America Ltd                 14                   8               (37)                 34
California Water Service Group                 13                 19                 (3)                   1
Playa Hotels & Resorts NV                 13                 (4)                 31                 41
Hecla Mining                 13                 (8)                   9                 (2)
Advanced Disposal Services                 13                 (0)                   3               (12)
Shake Shak                 13                 12                   6                   6
EW Scripps                 12                 12               (11)                 (8)
Career Education                 12                 10                 21                 10
MGP Ingredients                 11                   9                 10                 12
Genesis Energy LP                 11                 34                   8                 27
Interdigital                 11                 79                 24                 31
Shenandoah Telecomm                 11                   0                   6                   3
Vonage Holdings                 11                   4                 14                   1
Chesapeake Utilities                   9                 10                 37                 32
Cogent Communications                   9                   8                 10                   8
Navigant Consulting                   8                   3                 17                 18
Wingstop                   8                   7                   8                   7
Coeur Mining                   7               (11)                 13                 29
Emerald Expositions Events                   7               (10)                 51                 47
TTEC Holdings                   7                 17                   8                 25
Cardtronics plc                   6                 20                 (3)                 (4)
Universal Corp                   6                   3                 59                 56
Strategic Education                   5                 14                 12                 19
Liberty Braves Group                   4                 (5)               (58)               (55)
Pattern Energy Group                   3               (10)                 (6)                   7
Entercom Communications                   2                 10               (18)               (21)
Casella Waste Systems                   2               (53)                 (6)                  -  
Fresh Del Monte Produce                   1                 77                 49                 53
ArcBest                   1                 24                   9               (13)
Northwest Natural Gas                 (0)                   7                 57                 67
Granite Construction                 (3)                 24               (14)               (36)
HMS Holdings                 (4)                 12                   9                   2
Tahoe Resources                 (7)                 55                 (2)                 86
Atlas Air Worldwide                 (8)                 50                 13                   1
Compass Minerals Intl               (13)                 (8)                 17                 28
8X8 Inc               (15)                 (3)               (13)                 (3)
Suburban Propane Partners LP               (16)               (30)               107                 84
Lions Gate Entertainment               (17)               221               (25)                   5
WGL Holdings               (18)                   6               159               189
Tivo Corp               (19)                 (1)               (15)               (29)
Cannae Holdings               (19)               (42)               (10)                 (6)
TerraForm Power               (23)                 (2)               (77)               (57)
Clear Channel Outdoor Holdings               (38)                 18               (86)               (53)
Intelsat SA               (46)               (18)               (43)               (27)
Covanta Holding               (53)               (29)               192               (63)
Lending Club               (61)               (25)               (31)               (30)
Amerigas Partners LP               (74)               (46)               195               138
Brink's Co               (89)                 31                 37                 55
GTT Communications             (137)                 (2)               (29)               (25)
NGL Energy Partners LP             (165)               (58)               111                 26
GCI Liberty             (456)                 51               (88)               728
Total 214 in All Other Sectors            8,564            7,329 16.8%            7,194            7,108 1.2%
Total all 1,016 Cos          23,875          22,234 7.4%          24,430          20,414 19.7%