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        <StockNm>2250 SHARES OF AMYRIS INC</StockNm>
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        <EOYFMVAmt>13894</EOYFMVAmt>
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        <StockNm>2330 SHARES OF MERCANTILE BANK CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>240 SHARES OF ROGERS CORP</StockNm>
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        <EOYFMVAmt>37270</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2440 SHARES OF IRIDIUM COMMUNICATIONS INC</StockNm>
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        <EOYFMVAmt>95953</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2450 SHARES OF CORBUS PHARMACEUTICALS HOLDINGS INC</StockNm>
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        <EOYFMVAmt>3063</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2490 SHARES OF FIREEYE INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>250 SHARES OF PTC THERAPEUTICS INC</StockNm>
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        <EOYFMVAmt>15258</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2523 SHARES OF TEGNA INC</StockNm>
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        <EOYFMVAmt>35196</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2540 SHARES OF QEP RESOURCES INC</StockNm>
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        <EOYFMVAmt>6071</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>270 SHARES OF CUMMINS INC</StockNm>
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        <StockNm>2810 SHARES OF BOYD GAMING CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2870 SHARES OF LANTHEUS HOLDINGS</StockNm>
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        <StockNm>290 SHARES OF BIOTELEMETRY INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>290 SHARES OF INTERCEPT PHARMACEUTICALS INC</StockNm>
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        <StockNm>290 SHARES OF ULTRAGENYX PHARMACEUTICAL INC</StockNm>
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        <StockNm>300 SHARES OF WORLD WRESTLING ENTERTAINMENT INC CL A</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3110 SHARES OF VIAVI SOLUTIONS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3178 SHARES OF CATCHMARK TIMBER TRUST INC CL A</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3205 SHARES OF MARTEN TRANSPORT</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3310 SHARES OF TAYLOR MORRISON HOME CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3350 SHARES OF UMH PROPERTIES INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>340 SHARES OF EASTGROUP PROPERTIES INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>340 SHARES OF NOVANTA INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>340 SHARES OF REINSURANCE GROUP OF AMERICA INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3400 SHARES OF DANA INC</StockNm>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3800 SHARES OF DIAMONDROCK HOSPITALITY CO</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3900 SHARES OF VIAVI SOLUTIONS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>416 SHARES OF HELMERICH &amp; PAYNE INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>4480 SHARES OF HOSTESS BRANDS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>4560 SHARES OF BRAEMAR HOTELS &amp; RESORTS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>4590 SHARES OF TILLYS INC CL A</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>470 SHARES OF CARTER'S INC</StockNm>
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        <StockNm>470 SHARES OF RELIANCE STEEL &amp; ALUMINUM CO</StockNm>
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        <StockNm>4790 SHARES OF AXT INC</StockNm>
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        <StockNm>500 SHARES OF MKS INSTRUMENTS, INC</StockNm>
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        <StockNm>510 SHARES OF AMERICAN FINANCIAL GROUP INC/OH</StockNm>
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        <StockNm>520 SHARES OF KAISER ALUMINUM CORP</StockNm>
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        <StockNm>540 SHARES OF ULTRA CLEAN HOLDINGS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>544 SHARES OF PC CONNECTION INC</StockNm>
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        <StockNm>546 SHARES OF UNIFI INC</StockNm>
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        <StockNm>550 SHARES OF ADVANCED ENERGY INDUSTRIES INC</StockNm>
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        <StockNm>550 SHARES OF INTRA-CELLULAR THERAPIES INC</StockNm>
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        <StockNm>5530 SHARES OF LEXICON PHARMACEUTICALS INC</StockNm>
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        <StockNm>5580 SHARES OF MAGNOLIA OIL &amp; GAS CORP</StockNm>
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        <StockNm>590 SHARES OF SEAGEN INC</StockNm>
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        <StockNm>593 SHARES OF ROBERT HALF INTERNATIONAL INC</StockNm>
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        <StockNm>630 SHARES OF JOHN B SANFILIPPO &amp; SON INC</StockNm>
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        <StockNm>660 SHARES OF COMMVAULT SYSTEMS INC</StockNm>
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        <StockNm>660 SHARES OF ESPERION THERAPEUTICS INC</StockNm>
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        <StockNm>6735 SHARES OF MERCK &amp; CO INC</StockNm>
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        <StockNm>680 SHARES OF PINNACLE FINANCIAL PARTNERS INC</StockNm>
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        <StockNm>710 SHARES OF GRAND CANYON EDUCATION INC</StockNm>
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        <StockNm>730 SHARES OF DIGITAL REALTY TRUST INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>751 SHARES OF MATCH GROUP INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>780 SHARES OF LIBERTY SIRIUSXM GROUP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>810 SHARES OF CARA THERAPEUTICS INC</StockNm>
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        <StockNm>810 SHARES OF CYTOKINETICS INC</StockNm>
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        <StockNm>820 SHARES OF TELOS CORP</StockNm>
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        <StockNm>840 SHARES OF NATIONAL STORAGE AFFILIATES TRUST</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>850 SHARES OF CASELLA WASTE SYSTEMS INC CL A</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>850 SHARES OF EMERGENT BIOSOLUTIONS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>860 SHARES OF CYRUSONE INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>860 SHARES OF STOCK YARDS BANCORP INC</StockNm>
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        <StockNm>866 SHARES OF COMMUNITY BANK SYSTEM INC</StockNm>
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        <EOYFMVAmt>53960</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>893 SHARES OF IONIS PHARMACEUTICALS INC</StockNm>
        <EOYBookValueAmt>50490</EOYBookValueAmt>
        <EOYFMVAmt>50490</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>910 SHARES OF MALIBU BOATS INC CL A</StockNm>
        <EOYBookValueAmt>56820</EOYBookValueAmt>
        <EOYFMVAmt>56820</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>920 SHARES OF INDEPENDENT BANK GROUP INC</StockNm>
        <EOYBookValueAmt>57518</EOYBookValueAmt>
        <EOYFMVAmt>57518</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>930 SHARES OF FARO TECHNOLOGIES INC</StockNm>
        <EOYBookValueAmt>65686</EOYBookValueAmt>
        <EOYFMVAmt>65686</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>940 SHARES OF MODEL N INC</StockNm>
        <EOYBookValueAmt>33539</EOYBookValueAmt>
        <EOYFMVAmt>33539</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>940 SHARES OF WERNER ENTERPRISES INC</StockNm>
        <EOYBookValueAmt>36867</EOYBookValueAmt>
        <EOYFMVAmt>36867</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>960 SHARES OF MACROGENICS INC</StockNm>
        <EOYBookValueAmt>21946</EOYBookValueAmt>
        <EOYFMVAmt>21946</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>112490.5520 SHARES OF ARTISAN INTERNATIONAL VALUE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4471499</BookValueAmt>
        <EOYFMVAmt>4471499</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>12314.322 SHARES OF GENERATION IM GLOBAL EQUITY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8330096</BookValueAmt>
        <EOYFMVAmt>8330096</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>124238.4940 SHARES OF RBC EMERGING MARKETS EQUITY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>1797731</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>12590 SHARES OF VANGUARD S&amp;P 500</CategoryOrItemTxt>
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        <EOYFMVAmt>4327057</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>146421.3700 SHARES OF WCM FOCUSED</CategoryOrItemTxt>
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        <EOYFMVAmt>3623929</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>333.33 SHARES OF SUMMIT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>1502530</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>44260.9550 SHARES OF JOHCM INTERNATIONL SMALL CAP EQUITY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>574507</BookValueAmt>
        <EOYFMVAmt>574507</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>68675.5650 SHARES OF DELAWARE EMERGING MARKETS FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1769083</BookValueAmt>
        <EOYFMVAmt>1769083</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>83077.8566 SHARES OF HIGHCLERE INTERNATIONAL INVESTORS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3067167</BookValueAmt>
        <EOYFMVAmt>3067167</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>92638.4480 SHARES OF BROWN ADVISORY SUSTAINABLE GROWTH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3632354</BookValueAmt>
        <EOYFMVAmt>3632354</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JMF LIQUIDATING LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>150968</BookValueAmt>
        <EOYFMVAmt>150968</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE IX, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1224047</BookValueAmt>
        <EOYFMVAmt>1224047</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>DINSE, KNAPP &amp; MCANDREW, P.C.</CategoryTxt>
        <LegalFeesAmt>10256</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10256</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>LANGROCK SPERRY &amp; WOOL, LLP</CategoryTxt>
        <LegalFeesAmt>0</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
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      <OtherAssetsScheduleGrp>
        <Desc>RECEIVABLE FROM BROKER</Desc>
        <BOYBookValueAmt>4844</BOYBookValueAmt>
        <EOYBookValueAmt>14073</EOYBookValueAmt>
        <EOYFMVAmt>14073</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>OTHER EXPENSES THROUGH K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>95131</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>95131</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>131</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>131</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1525</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1525</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>62</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>62</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEMBERSHIP DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>765</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>765</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME THROUGH K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>18015</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18015</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>18015</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ROYALTIES AND OTHER</Desc>
        <RevenueAndExpensesPerBooksAmt>16832</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>16832</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>16832</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON INVESTMENTS</Desc>
        <Amt>5044524</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PATHSTONE FEDERAL STREET ADVISORS</CategoryTxt>
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        <NetInvestmentIncomeAmt>50000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>62019</Amt>
        <NetInvestmentIncomeAmt>62019</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>FIDUCIARY TRUST CUSTODIAL FEES</CategoryTxt>
        <Amt>37548</Amt>
        <NetInvestmentIncomeAmt>37548</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER CONSULTING FEES</CategoryTxt>
        <Amt>25000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>GENERATION INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>60360</Amt>
        <NetInvestmentIncomeAmt>60360</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES WITHHELD</CategoryTxt>
        <Amt>4950</Amt>
        <NetInvestmentIncomeAmt>4950</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX PAID</CategoryTxt>
        <Amt>5000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
