# EDGAR Filing Document

**Accession Number:** 0001900110
**File Stem:** 0001900110-23-000001
**Filing Date:** 2023-2
**Character Count:** 25601
**Document Hash:** 38edfec6cc41f63657060b97bef196cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001900110-23-000001.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001900110-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20220930

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**EFFECTIVENESS DATE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DGS Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001900110
- **IRS NUMBER:** 475441805
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21524
- **FILM NUMBER:** 23649168

**BUSINESS ADDRESS:**
- **STREET 1:** 79 MADISON AVE
- **STREET 2:** 8TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 6469924370

**MAIL ADDRESS:**
- **STREET 1:** 79 MADISON AVE
- **STREET 2:** 8TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DGS Capital Management LLC<br>**Address:** 79 MADISON AVE<br>8TH FLOOR<br>NEW YORK, NY 10016

**Form 13F File Number:** 028-21524

**CRD Number (if applicable):** 000281938

**SEC File Number (if applicable):** 801-115241

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ashish Sharma<br>**Title:** Managing Principal<br>**Phone:** 6469924370

**Signature, Place, and Date of Signing:**

Ashish Sharma  Jersey City, NJ  10-21-2022<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 207

**Form 13F Information Table Value Total:** $149708977

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC COM | Stock | 023135106 |  | 1360859 | 12043 | SH |  | SOLE | 0 | 5135 | 0 | 6908 |
| HEWLETT PACKARD ENTERPRISE CO COM | Stock | 42824C109 |  | 551487 | 46034 | SH |  | SOLE | 0 | 18838 | 0 | 27196 |
| ELEVANCE HEALTH INC COM | Stock | 036752103 |  | 668232 | 1471 | SH |  | SOLE | 0 | 481 | 0 | 990 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 804457 | 4924 | SH |  | SOLE | 0 | 1926 | 0 | 2998 |
| VANGUARD EXTENDED MARKET ETF | ETF | 922908652 |  | 232901 | 1832 | SH |  | SOLE | 0 | 1521 | 0 | 311 |
| COVENANT LOGISTICS GROUP INC CL A | Stock | 22284P105 |  | 217919 | 7593 | SH |  | SOLE | 0 | 3222 | 0 | 4371 |
| HCA HEALTHCARE INC COM | Stock | 40412C101 |  | 631686 | 3437 | SH |  | SOLE | 0 | 1149 | 0 | 2288 |
| LIGHT  WONDER INC COM | Stock | 80874P109 |  | 218774 | 5102 | SH |  | SOLE | 0 | 2836 | 0 | 2266 |
| SHINHAN FINANCIAL GROUP CO LTD SPN ADR RESTRD | ADR | 824596100 |  | 403558 | 17546 | SH |  | SOLE | 0 | 4510 | 0 | 13036 |
| TOYOTA MOTOR CORP ADS | ADR | 892331307 |  | 232828 | 1787 | SH |  | SOLE | 0 | 819 | 0 | 968 |
| TELEFONICA BRASIL SA NEW ADR | ADR | 87936R205 |  | 246077 | 32723 | SH |  | SOLE | 0 | 3524 | 0 | 29199 |
| OLD DOMINION FREIGHT LINE INC COM | Stock | 679580100 |  | 234093 | 941 | SH |  | SOLE | 0 | 305 | 0 | 636 |
| SABINE RTY TR UNIT BEN INT | Stock | 785688102 |  | 222966 | 3136 | SH |  | SOLE | 0 | 1276 | 0 | 1860 |
| PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | ADR | 71654V408 |  | 434751 | 35231 | SH |  | SOLE | 0 | 12804 | 0 | 22427 |
| COCA COLA CO COM | Stock | 191216100 |  | 235932 | 4212 | SH |  | SOLE | 0 | 0 | 0 | 4211 |
| BIOGEN INC COM | Stock | 09062X103 |  | 260859 | 977 | SH |  | SOLE | 0 | 427 | 0 | 550 |
| STATE STR CORP COM | Stock | 857477103 |  | 319921 | 5261 | SH |  | SOLE | 0 | 2717 | 0 | 2544 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 209062 | 2589 | SH |  | SOLE | 0 | 1461 | 0 | 1128 |
| NETFLIX INC COM | Stock | 64110L106 |  | 890670 | 3783 | SH |  | SOLE | 0 | 7 | 0 | 3776 |
| ISHARES MSCI GLOBAL MULTIFACTOR ETF | ETF | 46434V316 |  | 3577664 | 122537 | SH |  | SOLE | 0 | 8409 | 0 | 114128 |
| IRONSOURCE LTD CL A ORD SHS | Stock | M5R75Y101 |  | 37713 | 10963 | SH |  | SOLE | 0 | 5735 | 0 | 5228 |
| SALLY BEAUTY HLDGS INC COM | Stock | 79546E104 |  | 354728 | 28153 | SH |  | SOLE | 0 | 10144 | 0 | 18009 |
| SANOFI SPONSORED ADR | ADR | 80105N105 |  | 337047 | 8865 | SH |  | SOLE | 0 | 4221 | 0 | 4644 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 482616 | 5604 | SH |  | SOLE | 0 | 1916 | 0 | 3688 |
| ISHARES SHORT-TERM NATIONAL MUNI BOND ETF | ETF | 464288158 |  | 20646735 | 201118 | SH |  | SOLE | 0 | 88029 | 0 | 113088 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 296503 | 830 | SH |  | SOLE | 0 | 133 | 0 | 697 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 502997 | 1769 | SH |  | SOLE | 0 | 751 | 0 | 1018 |
| UNITED RENTALS INC COM | Stock | 911363109 |  | 319012 | 1181 | SH |  | SOLE | 0 | 290 | 0 | 891 |
| YUM CHINA HLDGS INC COM | Stock | 98850P109 |  | 456551 | 9646 | SH |  | SOLE | 0 | 3756 | 0 | 5890 |
| CHIPMOS TECHNOLOGIES INC SPONSORD ADS NEW | ADR | 16965P202 |  | 243873 | 13161 | SH |  | SOLE | 0 | 5641 | 0 | 7520 |
| TURKCELL ILETISIM HIZMETLERI SPON ADR NEW | ADR | 900111204 |  | 291204 | 109475 | SH |  | SOLE | 0 | 34918 | 0 | 74557 |
| COGNIZANT TECHNOLOGY SOLUTIONS CL A | Stock | 192446102 |  | 307993 | 5362 | SH |  | SOLE | 0 | 1650 | 0 | 3712 |
| VERMILION ENERGY INC COM | Stock | 923725105 |  | 204068 | 9527 | SH |  | SOLE | 0 | 2560 | 0 | 6967 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 386611 | 10182 | SH |  | SOLE | 0 | 4272 | 0 | 5910 |
| UNUM GROUP COM | Stock | 91529Y106 |  | 1290604 | 33263 | SH |  | SOLE | 0 | 12881 | 0 | 20382 |
| CHUBB LIMITED COM | Stock | H1467J104 |  | 233534 | 1284 | SH |  | SOLE | 0 | 1265 | 0 | 19 |
| SCHNEIDER NATIONAL INC CL B | Stock | 80689H102 |  | 286677 | 14122 | SH |  | SOLE | 0 | 6630 | 0 | 7492 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 310208 | 1124 | SH |  | SOLE | 0 | 324 | 0 | 800 |
| WNS HLDGS LTD SPON ADR | ADR | 92932M101 |  | 511582 | 6251 | SH |  | SOLE | 0 | 2690 | 0 | 3561 |
| INFOSYS LTD SPONSORED ADR | ADR | 456788108 |  | 811404 | 47814 | SH |  | SOLE | 0 | 18465 | 0 | 29349 |
| BHP GROUP LTD SPONSORED ADS | ADR | 088606108 |  | 749411 | 14976 | SH |  | SOLE | 0 | 3817 | 0 | 11159 |
| TECK RESOURCES LTD CL B | Stock | 878742204 |  | 272200 | 8951 | SH |  | SOLE | 0 | 5936 | 0 | 3015 |
| BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR | ADR | 05946K101 |  | 500919 | 112566 | SH |  | SOLE | 0 | 43980 | 0 | 68586 |
| NEWMARK GROUP INC CL A | Stock | 65158N102 |  | 198058 | 24573 | SH |  | SOLE | 0 | 12197 | 0 | 12376 |
| CARS COM INC COM | Stock | 14575E105 |  | 152111 | 13227 | SH |  | SOLE | 0 | 1303 | 0 | 11924 |
| SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF | ETF | 78464A474 |  | 2027167 | 69376 | SH |  | SOLE | 0 | 54867 | 0 | 14509 |
| KT CORP SPONSORED ADR | ADR | 48268K101 |  | 1558759 | 127558 | SH |  | SOLE | 0 | 52946 | 0 | 74612 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 223229 | 836 | SH |  | SOLE | 0 | 818 | 0 | 18 |
| ADOBE SYSTEMS INCORPORATED COM | Stock | 00724F101 |  | 225939 | 821 | SH |  | SOLE | 0 | 585 | 0 | 236 |
| EXELON CORP COM | Stock | 30161N101 |  | 449010 | 11986 | SH |  | SOLE | 0 | 4110 | 0 | 7876 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 1561391 | 16324 | SH |  | SOLE | 0 | 7843 | 0 | 8481 |
| CHUNGHWA TELECOM CO LTD SPON ADR NEW11 | ADR | 17133Q502 |  | 289001 | 8134 | SH |  | SOLE | 0 | 4139 | 0 | 3995 |
| JAMES HARDIE INDS PLC SPONSORED ADR | ADR | 47030M106 |  | 215978 | 10919 | SH |  | SOLE | 0 | 3349 | 0 | 7570 |
| INTUIT COM | Stock | 461202103 |  | 778126 | 2009 | SH |  | SOLE | 0 | 704 | 0 | 1305 |
| UNILEVER PLC SPON ADR NEW | ADR | 904767704 |  | 376454 | 8587 | SH |  | SOLE | 0 | 3240 | 0 | 5347 |
| AEGON N V NY REGISTRY SHS | ADR | 007924103 |  | 43588 | 11007 | SH |  | SOLE | 0 | 3082 | 0 | 7925 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 314109 | 10709 | SH |  | SOLE | 0 | 3292 | 0 | 7417 |
| ASE INDUSTRIAL HOLDING | ADR | 00215W100 |  | 204241 | 40930 | SH |  | SOLE | 0 | 16071 | 0 | 24859 |
| GRAFTECH INTL LTD COM | Stock | 384313508 |  | 47328 | 10981 | SH |  | SOLE | 0 | 4949 | 0 | 6032 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 3237449 | 13901 | SH |  | SOLE | 0 | 6293 | 0 | 7607 |
| ACCO BRANDS CORP COM | Stock | 00081T108 |  | 356534 | 72762 | SH |  | SOLE | 0 | 30919 | 0 | 41843 |
| GEO GROUP INC NEW COM | REIT | 36162J106 |  | 86910 | 11287 | SH |  | SOLE | 0 | 2583 | 0 | 8704 |
| HEARTLAND EXPRESS INC COM | Stock | 422347104 |  | 166597 | 11642 | SH |  | SOLE | 0 | 1382 | 0 | 10260 |
| GARRETT MOTION INC COM | Stock | 366505105 |  | 65676 | 11624 | SH |  | SOLE | 0 | 7305 | 0 | 4319 |
| TESLA INC COM | Stock | 88160R101 |  | 762859 | 2876 | SH |  | SOLE | 0 | 1865 | 0 | 1011 |
| ITAU UNIBANCO HLDG S A SPON ADR REP PFD | ADR | 465562106 |  | 73352 | 14188 | SH |  | SOLE | 0 | 6752 | 0 | 7436 |
| CGI INC CL A SUB VTG | Stock | 12532H104 |  | 1073675 | 14270 | SH |  | SOLE | 0 | 6459 | 0 | 7811 |
| LYFT INC CL A COM | Stock | 55087P104 |  | 285605 | 21686 | SH |  | SOLE | 0 | 21686 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS INC CL A | Stock | 98980L101 |  | 376634 | 5118 | SH |  | SOLE | 0 | 3 | 0 | 5115 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 691833 | 2107 | SH |  | SOLE | 0 | 1558 | 0 | 549 |
| CONSOLIDATED EDISON INC COM | Stock | 209115104 |  | 436175 | 5086 | SH |  | SOLE | 0 | 2438 | 0 | 2648 |
| GENERAL MTRS CO COM | Stock | 37045V100 |  | 580636 | 18094 | SH |  | SOLE | 0 | 5457 | 0 | 12637 |
| TOWER SEMICONDUCTOR LTD SHS NEW | Stock | M87915274 |  | 272823 | 6209 | SH |  | SOLE | 0 | 1363 | 0 | 4846 |
| COSTAMARE INC SHS | Stock | Y1771G102 |  | 91030 | 10171 | SH |  | SOLE | 0 | 3661 | 0 | 6510 |
| LILLY ELI  CO COM | Stock | 532457108 |  | 466472 | 1443 | SH |  | SOLE | 0 | 470 | 0 | 972 |
| ADECOAGRO S A COM | Stock | L00849106 |  | 592785 | 71506 | SH |  | SOLE | 0 | 20092 | 0 | 51414 |
| WERNER ENTERPRISES INC COM | Stock | 950755108 |  | 268878 | 7151 | SH |  | SOLE | 0 | 2645 | 0 | 4506 |
| FINVOLUTION GROUP SPONSORED ADS | ADR | 31810T101 |  | 365503 | 85398 | SH |  | SOLE | 0 | 33828 | 0 | 51570 |
| TRANSGLOBE ENERGY CORP COM | Stock | 893662106 |  | 242331 | 90422 | SH |  | SOLE | 0 | 39531 | 0 | 50891 |
| TIM S A SPONSORED ADR | ADR | 88706T108 |  | 288567 | 25811 | SH |  | SOLE | 0 | 6660 | 0 | 19151 |
| AERCAP HOLDINGS NV SHS | Stock | N00985106 |  | 257451 | 6082 | SH |  | SOLE | 0 | 1601 | 0 | 4481 |
| ARCOS DORADOS HOLDINGS INC SHS CLASS -A - | Stock | G0457F107 |  | 347500 | 47668 | SH |  | SOLE | 0 | 14231 | 0 | 33437 |
| VEON LTD SPONSORED ADR | ADR | 91822M106 |  | 5193 | 16228 | SH |  | SOLE | 0 | 0 | 0 | 16228 |
| DR REDDYS LABS LTD ADR | ADR | 256135203 |  | 334976 | 6400 | SH |  | SOLE | 0 | 2912 | 0 | 3488 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 223040 | 8161 | SH |  | SOLE | 0 | 8146 | 0 | 15 |
| GROUP 1 AUTOMOTIVE INC COM | Stock | 398905109 |  | 231743 | 1622 | SH |  | SOLE | 0 | 534 | 0 | 1088 |
| AMKOR TECHNOLOGY INC COM | Stock | 031652100 |  | 444565 | 26074 | SH |  | SOLE | 0 | 8018 | 0 | 18056 |
| SKILLFUL CRAFTSMAN ED TECH LTD ORD SHS | Stock | G8211A108 |  | 16285 | 17146 | SH |  | SOLE | 0 | 2401 | 0 | 14745 |
| BETTERWARE DE MEXC S A P I DE SHS | Stock | P1666E105 |  | 128576 | 17305 | SH |  | SOLE | 0 | 8366 | 0 | 8939 |
| AMC NETWORKS INC CL A | Stock | 00164V103 |  | 204279 | 10063 | SH |  | SOLE | 0 | 5344 | 0 | 4719 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 1367027 | 168146 | SH |  | SOLE | 0 | 122664 | 0 | 45482 |
| REGENERON PHARMACEUTICALS COM | Stock | 75886F107 |  | 343057 | 498 | SH |  | SOLE | 0 | 112 | 0 | 386 |
| LUFAX HOLDING LTD ADS REP SHS CL A | ADR | 54975P102 |  | 135428 | 53318 | SH |  | SOLE | 0 | 15077 | 0 | 38241 |
| ATLASSIAN CORPORATION CL A | Stock | 049468101 |  | 456980 | 2170 | SH |  | SOLE | 0 | 266 | 0 | 1904 |
| INGLES MKTS INC CL A | Stock | 457030104 |  | 1135396 | 14334 | SH |  | SOLE | 0 | 6276 | 0 | 8058 |
| THE AARONS COMPANY INC COM | Stock | 00258W108 |  | 162829 | 16752 | SH |  | SOLE | 0 | 7469 | 0 | 9283 |
| C3 AI INC CL A | Stock | 12468P104 |  | 606800 | 48544 | SH |  | SOLE | 0 | 0 | 0 | 48544 |
| AIRBNB INC COM CL A | Stock | 009066101 |  | 360707 | 3434 | SH |  | SOLE | 0 | 0 | 0 | 3434 |
| COMPANHIA PARANAENSE ENERG COP SPON ADS | ADR | 20441B605 |  | 70644 | 11913 | SH |  | SOLE | 0 | 2908 | 0 | 9005 |
| STELLANTIS N.V SHS | Stock | N82405106 |  | 835620 | 70576 | SH |  | SOLE | 0 | 24610 | 0 | 45966 |
| ZEPP HEALTH CORPORATION SPONSORED ADS | ADR | 98945L105 |  | 52512 | 38330 | SH |  | SOLE | 0 | 27267 | 0 | 11063 |
| WINMARK CORP COM | Stock | 974250102 |  | 388979 | 1798 | SH |  | SOLE | 0 | 718 | 0 | 1080 |
| COINBASE GLOBAL INC COM CL A | Stock | 19260Q107 |  | 26504423 | 410985 | SH |  | SOLE | 0 | 0 | 0 | 410985 |
| VISA INC COM CL A | Stock | 92826C839 |  | 255283 | 1437 | SH |  | SOLE | 0 | 777 | 0 | 660 |
| MONDAY COM LTD SHS | Stock | M7S64H106 |  | 221126 | 1951 | SH |  | SOLE | 0 | 578 | 0 | 1373 |
| TABOOLA.COM LTD ORD SHS | Stock | M8744T106 |  | 54316 | 30009 | SH |  | SOLE | 0 | 16076 | 0 | 13933 |
| STEVANATO GROUP S P A ORD SHS | Stock | T9224W109 |  | 239057 | 14112 | SH |  | SOLE | 0 | 4492 | 0 | 9620 |
| LEXINFINTECH HLDGS LTD ADR | ADR | 528877103 |  | 153609 | 90893 | SH |  | SOLE | 0 | 31110 | 0 | 59783 |
| TDCX INC ADS | ADR | 87190U100 |  | 112749 | 12033 | SH |  | SOLE | 0 | 3934 | 0 | 8099 |
| KELLOGG CO COM | Stock | 487836108 |  | 208283 | 2990 | SH |  | SOLE | 0 | 1685 | 0 | 1305 |
| VIPSHOP HOLDINGS LIMITED SPONSORED ADS A | ADR | 92763W103 |  | 403419 | 47969 | SH |  | SOLE | 0 | 13541 | 0 | 34428 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 238474 | 1931 | SH |  | SOLE | 0 | 772 | 0 | 1159 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 636339 | 4690 | SH |  | SOLE | 0 | 2713 | 0 | 1977 |
| BANCO SANTANDER S.A. ADR | ADR | 05964H105 |  | 200116 | 86257 | SH |  | SOLE | 0 | 47452 | 0 | 38805 |
| LPL FINL HLDGS INC COM | Stock | 50212V100 |  | 251715 | 1152 | SH |  | SOLE | 0 | 333 | 0 | 819 |
| BCE INC COM NEW | Stock | 05534B760 |  | 726988 | 17334 | SH |  | SOLE | 0 | 6635 | 0 | 10699 |
| RESOLUTE FST PRODS INC COM | Stock | 76117W109 |  | 487060 | 24353 | SH |  | SOLE | 0 | 8445 | 0 | 15908 |
| OPPENHEIMER HLDGS INC CL A NON VTG | Stock | 683797104 |  | 269898 | 8712 | SH |  | SOLE | 0 | 2826 | 0 | 5886 |
| METLIFE INC COM | Stock | 59156R108 |  | 441443 | 7263 | SH |  | SOLE | 0 | 2257 | 0 | 5005 |
| HONDA MOTOR LTD AMERN SHS | ADR | 438128308 |  | 924635 | 42827 | SH |  | SOLE | 0 | 16672 | 0 | 26155 |
| MAGNA INTL INC COM | Stock | 559222401 |  | 354038 | 7466 | SH |  | SOLE | 0 | 1592 | 0 | 5874 |
| NOVARTIS AG SPONSORED ADR | ADR | 66987V109 |  | 792632 | 10428 | SH |  | SOLE | 0 | 4778 | 0 | 5650 |
| KONINKLIJKE PHILIPS N V NY REGIS SHS NEW | ADR | 500472303 |  | 773378 | 50252 | SH |  | SOLE | 0 | 12954 | 0 | 37298 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 505337 | 1964 | SH |  | SOLE | 0 | 665 | 0 | 1299 |
| PERDOCEO ED CORP COM | Stock | 71363P106 |  | 148330 | 14401 | SH |  | SOLE | 0 | 9751 | 0 | 4650 |
| KROGER CO COM | Stock | 501044101 |  | 495003 | 11314 | SH |  | SOLE | 0 | 3828 | 0 | 7486 |
| CELESTICA INC SUB VTG SHS | Stock | 15101Q108 |  | 517324 | 61513 | SH |  | SOLE | 0 | 19810 | 0 | 41703 |
| NICE LTD SPONSORED ADR | ADR | 653656108 |  | 401139 | 2131 | SH |  | SOLE | 0 | 834 | 0 | 1297 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 338193 | 2786 | SH |  | SOLE | 0 | 1875 | 0 | 911 |
| FOOT LOCKER INC COM | Stock | 344849104 |  | 276683 | 8888 | SH |  | SOLE | 0 | 3174 | 0 | 5714 |
| CIA ENERGETICA DE MINAS GERAIS SP ADR N-V PFD | ADR | 204409601 |  | 54427 | 26944 | SH |  | SOLE | 0 | 9278 | 0 | 17666 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 326399 | 2432 | SH |  | SOLE | 0 | 1167 | 0 | 1265 |
| MANULIFE FINL CORP COM | Stock | 56501R106 |  | 580887 | 37070 | SH |  | SOLE | 0 | 10758 | 0 | 26312 |
| PROG HOLDINGS INC COM NPV | Stock | 74319R101 |  | 456441 | 30470 | SH |  | SOLE | 0 | 10681 | 0 | 19789 |
| WEIS MKTS INC COM | Stock | 948849104 |  | 522759 | 7338 | SH |  | SOLE | 0 | 3302 | 0 | 4036 |
| W  T OFFSHORE INC COM | Stock | 92922P106 |  | 134739 | 22993 | SH |  | SOLE | 0 | 4067 | 0 | 18926 |
| INVESCO LTD SHS | Stock | G491BT108 |  | 282620 | 20629 | SH |  | SOLE | 0 | 6195 | 0 | 14434 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 772603 | 11269 | SH |  | SOLE | 0 | 4951 | 0 | 6318 |
| ARTISAN PARTNERS ASSET MGMT IN CL A | Stock | 04316A108 |  | 262137 | 9734 | SH |  | SOLE | 0 | 3967 | 0 | 5767 |
| VERISIGN INC COM | Stock | 92343E102 |  | 986616 | 5680 | SH |  | SOLE | 0 | 2040 | 0 | 3640 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 569040 | 14226 | SH |  | SOLE | 0 | 4337 | 0 | 9889 |
| CAPITAL ONE FINL CORP COM | Stock | 14040H105 |  | 214019 | 2322 | SH |  | SOLE | 0 | 1046 | 0 | 1276 |
| AT INC COM | Stock | 00206R102 |  | 174967 | 11406 | SH |  | SOLE | 0 | 6421 | 0 | 4984 |
| SPDR PORTFOLIO SHORT TERM TREASURY ETF | ETF | 78468R101 |  | 5634964 | 194914 | SH |  | SOLE | 0 | 15044 | 0 | 179870 |
| CRITEO S A SPONS ADS | ADR | 226718104 |  | 259164 | 9588 | SH |  | SOLE | 0 | 2934 | 0 | 6654 |
| CONTAINER STORE GROUP INC COM | Stock | 210751103 |  | 96006 | 19593 | SH |  | SOLE | 0 | 4374 | 0 | 15219 |
| AMBEV SA SPONSORED ADR | ADR | 02319V103 |  | 32539 | 11498 | SH |  | SOLE | 0 | 6649 | 0 | 4849 |
| AUTOHOME INC SP ADS RP CL A | ADR | 05278C107 |  | 321192 | 11168 | SH |  | SOLE | 0 | 3727 | 0 | 7441 |
| RIO TINTO PLC SPONSORED ADR | ADR | 767204100 |  | 619813 | 11257 | SH |  | SOLE | 0 | 5217 | 0 | 6040 |
| IDEXX LABS INC COM | Stock | 45168D104 |  | 235553 | 723 | SH |  | SOLE | 0 | 212 | 0 | 511 |
| MGIC INVT CORP WIS COM | Stock | 552848103 |  | 239388 | 18673 | SH |  | SOLE | 0 | 7961 | 0 | 10712 |
| MANHATTAN ASSOCIATES INC COM | Stock | 562750109 |  | 975908 | 7336 | SH |  | SOLE | 0 | 2167 | 0 | 5169 |
| CRESCENT PT ENERGY CORP COM | Stock | 22576C101 |  | 407620 | 66172 | SH |  | SOLE | 0 | 27782 | 0 | 38390 |
| ISHARES NATIONAL MUNI BOND ETF | ETF | 464288414 |  | 214187 | 2088 | SH |  | SOLE | 0 | 2088 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 496102 | 13644 | SH |  | SOLE | 0 | 9920 | 0 | 3723 |
| WALMART INC COM | Stock | 931142103 |  | 397594 | 3065 | SH |  | SOLE | 0 | 1050 | 0 | 2015 |
| ORACLE CORP COM | Stock | 68389X105 |  | 236402 | 3871 | SH |  | SOLE | 0 | 829 | 0 | 3042 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 206904 | 5670 | SH |  | SOLE | 0 | 3895 | 0 | 1774 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 435551 | 2814 | SH |  | SOLE | 0 | 940 | 0 | 1874 |
| TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS | ADR | 881624209 |  | 88157 | 10924 | SH |  | SOLE | 0 | 3838 | 0 | 7086 |
| PFIZER INC COM | Stock | 717081103 |  | 278489 | 6364 | SH |  | SOLE | 0 | 2805 | 0 | 3559 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 256624 | 3248 | SH |  | SOLE | 0 | 1120 | 0 | 2128 |
| HP INC COM | Stock | 40434L105 |  | 247904 | 9948 | SH |  | SOLE | 0 | 2979 | 0 | 6969 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 406105 | 6583 | SH |  | SOLE | 0 | 2577 | 0 | 4006 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 2390190 | 24859 | SH |  | SOLE | 0 | 12933 | 0 | 11925 |
| BEST BUY INC COM | Stock | 086516101 |  | 243416 | 3843 | SH |  | SOLE | 0 | 1087 | 0 | 2756 |
| AMGEN INC COM | Stock | 031162100 |  | 579623 | 2572 | SH |  | SOLE | 0 | 832 | 0 | 1739 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 399189 | 4872 | SH |  | SOLE | 0 | 1038 | 0 | 3834 |
| ALLY FINL INC COM | Stock | 02005N100 |  | 296946 | 10670 | SH |  | SOLE | 0 | 4720 | 0 | 5950 |
| TYSON FOODS INC CL A | Stock | 902494103 |  | 204515 | 3102 | SH |  | SOLE | 0 | 1435 | 0 | 1667 |
| WEIBO CORP SPONSORED ADR | ADR | 948596101 |  | 308689 | 18052 | SH |  | SOLE | 0 | 7062 | 0 | 10990 |
| HUMANA INC COM | Stock | 444859102 |  | 268795 | 554 | SH |  | SOLE | 0 | 217 | 0 | 337 |
| CI FINL CORP COM | Stock | 125491100 |  | 826740 | 86345 | SH |  | SOLE | 0 | 28387 | 0 | 57958 |
| JONES LANG LASALLE INC COM | Stock | 48020Q107 |  | 317398 | 2101 | SH |  | SOLE | 0 | 603 | 0 | 1498 |
| KB FINL GROUP INC SPONSORED ADR | ADR | 48241A105 |  | 253779 | 8420 | SH |  | SOLE | 0 | 4502 | 0 | 3918 |
| CHECK POINT SOFTWARE TECH LTD ORD | Stock | M22465104 |  | 1354658 | 12093 | SH |  | SOLE | 0 | 4786 | 0 | 7307 |
| ORIX CORP SPONSORED ADR | ADR | 686330101 |  | 283811 | 4016 | SH |  | SOLE | 0 | 1521 | 0 | 2495 |
| P T TELEKOMUNIKASI INDONESIA SPONSORED ADR | ADR | 715684106 |  | 485401 | 16825 | SH |  | SOLE | 0 | 6760 | 0 | 10065 |
| SK TELECOM LTD SPONSORED ADR | ADR | 78440P306 |  | 438512 | 22768 | SH |  | SOLE | 0 | 7109 | 0 | 15659 |
| UNITED MICROELECTRONICS CORP SPON ADR NEW | ADR | 910873405 |  | 501662 | 90065 | SH |  | SOLE | 0 | 31385 | 0 | 58680 |
| WIPRO LTD SPON ADR 1 SH | ADR | 97651M109 |  | 365830 | 77671 | SH |  | SOLE | 0 | 29264 | 0 | 48407 |
| SYNCHRONY FINANCIAL COM | Stock | 87165B103 |  | 358323 | 12711 | SH |  | SOLE | 0 | 3975 | 0 | 8736 |
| LIBERTY TRIPADVISOR HLDGS INC COM SER A | Stock | 531465102 |  | 96352 | 88396 | SH |  | SOLE | 0 | 0 | 0 | 88396 |
| FERGUSON PLC NEW SHS | Stock | G3421J106 |  | 249811 | 2427 | SH |  | SOLE | 0 | 839 | 0 | 1588 |
| HUBSPOT INC COM | Stock | 443573100 |  | 370335 | 1371 | SH |  | SOLE | 0 | 1364 | 0 | 7 |
| DIAMOND HILL INVT GROUP INC COM NEW | Stock | 25264R207 |  | 290400 | 1760 | SH |  | SOLE | 0 | 780 | 0 | 980 |
| MOELIS  CO CL A | Stock | 60786M105 |  | 240152 | 7103 | SH |  | SOLE | 0 | 1524 | 0 | 5579 |
| VANGUARD SHORT-TERM BOND ETF | ETF | 921937827 |  | 606883 | 8111 | SH |  | SOLE | 0 | 4530 | 0 | 3581 |
| SPDR PORTFOLIO S 500 GROWTH ETF | ETF | 78464A409 |  | 219545 | 4382 | SH |  | SOLE | 0 | 4061 | 0 | 321 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 283313 | 3413 | SH |  | SOLE | 0 | 1565 | 0 | 1848 |
| SYNOPSYS INC COM | Stock | 871607107 |  | 403884 | 1322 | SH |  | SOLE | 0 | 505 | 0 | 817 |
| CADENCE DESIGN SYSTEM INC COM | Stock | 127387108 |  | 1215592 | 7438 | SH |  | SOLE | 0 | 2570 | 0 | 4868 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 991394 | 1963 | SH |  | SOLE | 0 | 698 | 0 | 1265 |
| PRICE T ROWE GROUP INC COM | Stock | 74144T108 |  | 329776 | 3140 | SH |  | SOLE | 0 | 798 | 0 | 2342 |
| GOLDEN OCEAN GROUP LTD SHS NEW | Stock | G39637205 |  | 78398 | 10495 | SH |  | SOLE | 0 | 4083 | 0 | 6412 |
| ON SEMICONDUCTOR CORP COM | Stock | 682189105 |  | 249694 | 4006 | SH |  | SOLE | 0 | 1910 | 0 | 2096 |
| EVERCORE INC CLASS A | Stock | 29977A105 |  | 348740 | 4240 | SH |  | SOLE | 0 | 1126 | 0 | 3114 |
| COLGATE PALMOLIVE CO COM | Stock | 194162103 |  | 397404 | 5657 | SH |  | SOLE | 0 | 2395 | 0 | 3262 |
| TRITON INTL LTD CL A | Stock | G9078F107 |  | 261440 | 4777 | SH |  | SOLE | 0 | 1670 | 0 | 3106 |
| NOVO-NORDISK A S ADR | ADR | 670100205 |  | 2120724 | 21286 | SH |  | SOLE | 0 | 7619 | 0 | 13667 |
| PAYPAL HLDGS INC COM | Stock | 70450Y103 |  | 415546 | 4828 | SH |  | SOLE | 0 | 1220 | 0 | 3608 |
| ACTIVISION BLIZZARD INC COM | Stock | 00507V109 |  | 234914 | 3160 | SH |  | SOLE | 0 | 805 | 0 | 2355 |
| APPLE INC COM | Stock | 037833100 |  | 4884955 | 35347 | SH |  | SOLE | 0 | 14133 | 0 | 21214 |
| HOLLYSYS AUTOMATION TCHNGY LTD SHS | Stock | G45667105 |  | 434443 | 25406 | SH |  | SOLE | 0 | 9404 | 0 | 16002 |
| GSK PLC SPONSORED ADR | ADR | 37733W204 |  | 395657 | 13444 | SH |  | SOLE | 0 | 5887 | 0 | 7557 |
| GENPACT LIMITED SHS | Stock | G3922B107 |  | 634884 | 14505 | SH |  | SOLE | 0 | 5476 | 0 | 9029 |
| UNIVERSAL HLTH SVCS INC CL B | Stock | 913903100 |  | 377168 | 4277 | SH |  | SOLE | 0 | 1727 | 0 | 2550 |

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