isaL a • Industrial MI Retail 9% 9% Standard deviation' 14.89 Ventas Vornado Realty Trust 4.4% 4.1% .4,,,e • Self storage Hotels 6% 5% Equinix 3.6% VEREIT 2.5% John W. Vojticek 20 years Brixmor Property Group 2.4% Joseph D. Fisher CFA 13 years HCP 2.4% David W. 2onavetch CPA 20

meaningful impact ri=ht now. 2. Sell BAC. Also a very small position. Would rather re-allocate to KR= (regional bank exposure). 3. MSFT, AVGO and Equinix — part of the data c=nter theme. I think this theme has legs but MSFT and EQIX positions too sm=ll. Sell those. 4. JD.Com - sell if it drops below

eaningful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regional bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I think this theme has legs but MSFT and EQIX positions too small. Sell those. 4. JD.Com - sell if it drops below

egulato=y tailwinds, strength on Main Street, no FICC reliance etc. Just to mainta=n Fins exposure. It would top KRE up to $2MM. 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +511K; EQIX $497K P/

ea=ingful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regi=nal bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those.<=> 4. JD.Com - sell if it drops be

meaningful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allo=ate to KRE (regional bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I thin= this theme has legs but MSFT and EQIX positions too small. Sell those.=/u> 4. JD.Com - sell if it drops b

meaningful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allo=ate to KRE (regional bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I thin= this theme has legs but MSFT and EQIX positions too small. Sell those.=/u> 4. JD.Com - sell if it drops b

egulatory tailwinds, strength on Main Street, no FICC reliance etc. Just to maintain Fins exposure. It would top KRE up to $2MM. 3. MSFT, AVGO and Equinix — part of the data center theme. I think this theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +$11K; EQIX $497K P/

we get a bounce back to 2750 on SPX =his week. If we don't get the bounce by Friday I would sell. impact right now. exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those.<=> 4. JD.Com - sell if it drops be

gulato=y tailwinds, strength on Main Street, no FICC reliance etc. Just to mainta=n Fins exposure. It would top KRE up to $memn. 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +$11K; EQIX $497K P/

egulatory tailwinds, strength on Main Street, no FICC reliance etc. Just to maintain Fins exposure. It would top KRE up to $2MM. 3. MSFT, AVGO and Equinix — part of the data center theme. I think this theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +$11K; EQIX $497K P/

egulato=y tailwinds, strength on Main Street, no FICC reliance etc. Just to mainta=n Fins exposure. It would top KRE up to $2MM. 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +$11K; EQIX $497K P/