S&P 500:                 1695 (120.6%)

Portfolio:  $722,613,601 (144.5%)

IBB                   1153 shares    $246,488

FSAVX              3820 shares    $208,648

PGJ                   7750 shares    $226,997

Cash                                          $40,480

Notes: The portfolio still holds IBB (Biotech), but now holds PGJ (China) and FSAVX (autos).