Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$29.4M	7.9%	—	—	SHS	78463V107
ORCL	ORACLE CORP	235,600	$9.638M	2.6%	—	—	COM	68389X105
MSFT	MICROSOFT CORP	173,475	$9.581M	2.6%	—	—	COM	594918104
AIZ	ASSURANT INC	92,200	$7.113M	1.9%	—	—	COM	04621X108
JPM	JPMORGAN CHASE & COMPANY	119,250	$7.061M	1.9%	—	—	COM	46625H100
C	CITIGROUP INC	158,321	$6.609M	1.8%	—	—	COM	172967424
GS	GOLDMAN SACHS GROUP INC	41,000	$6.436M	1.7%	—	—	COM	38141G104
LYB	LYONDELLBASELL INDU	75,000	$6.418M	1.7%	—	—	SHS	N53745100
PFE	PFIZER INC	215,491	$6.387M	1.7%	—	—	COM	717081103
—	BARRICK GOLD CORP	468,904	$6.367M	1.7%	—	—	COM	067901108
—	WILLIAMS PARTNERS LP	307,000	$6.278M	1.7%	—	—	COM UNIT LP	96949L105
MC	MOELIS & CO	218,337	$6.163M	1.7%	—	—	CL A	60786M105
—	AETNA INC	53,000	$5.954M	1.6%	—	—	COM	00817Y108
LNC	LINCOLN NATIONAL CORP INDIANA	144,600	$5.668M	1.5%	—	—	COM	534187109
CMCSA	COMCAST CORP	92,200	$5.631M	1.5%	—	—	CL A	20030N101
DAL	DELTA AIR LINES INC	105,440	$5.132M	1.4%	—	—	COM NEW	247361702
TRV	TRAVELERS COS INC/THE	43,000	$5.018M	1.3%	—	—	COM	89417E109
—	ENERGY TRANSFER PARTNERS LP	143,875	$4.652M	1.3%	—	—	UNIT LTD PARTN	29273R109
OXY	OCCIDENTAL PETROLEUM	65,206	$4.462M	1.2%	—	—	COM	674599105
UAL	UAL CORP	73,800	$4.417M	1.2%	—	—	COM	910047109
FDX	FEDEX CORPORATION	27,000	$4.393M	1.2%	—	—	COM	31428X106
—	ANADARKO PETROLEUM CORP	94,080	$4.381M	1.2%	—	—	COM	032511107
ETN	EATON CORP PLC	62,676	$3.921M	1.1%	—	—	SHS	G29183103
AAL	AMERICAN AIRLINES GROUP INC	92,200	$3.781M	1.0%	—	—	COM	02376R102
—	PIONEER NATURAL RESOURCES CO	26,800	$3.771M	1.0%	—	—	COM	723787107
MUR	MURPHY OIL CORP COM	144,625	$3.643M	1.0%	—	—	COM	626717102
PAA	PLAIMS ALL AMER PIPELINE LP	172,800	$3.623M	1.0%	—	—	UNIT LTD PARTN	726503105
—	ROYAL DUTCH SHELL PLC	72,803	$3.527M	0.9%	—	—	SPONSORED ADR	780259206
—	TRIBUNE MEDIA CO	84,600	$3.244M	0.9%	—	—	CL A	896047503
—	RENTECH NITROGEN PARTNERS LP	279,150	$3.185M	0.9%	—	—	COM	760113100
DHI	DR HORTON INC	104,200	$3.149M	0.8%	—	—	COM	23331A109
GLW	CORNING INC	149,570	$3.124M	0.8%	—	—	COM	219350105
ON	ON SEMICONDUCTOR CORPORATION	317,375	$3.043M	0.8%	—	—	COM	682189105
PHM	PULTE CORP	156,900	$2.935M	0.8%	—	—	COM	745867101
—	NEW SR INVT GROUP INC	272,052	$2.802M	0.8%	—	—	COM	648691103
AVT	AVNET INC	62,025	$2.747M	0.7%	—	—	COM	053807103
TEX	TEREX CORP	109,500	$2.724M	0.7%	—	—	COM	880779103
WHR	WHIRLPOOL CORPORATION	15,000	$2.705M	0.7%	—	—	COM	963320106
VNO	VORNADO RLTY TR SH BEN INT	28,143	$2.657M	0.7%	—	—	SH BEN INT	929042109
RGA	REINSURANCE GROUP OF AMERICA	26,900	$2.589M	0.7%	—	—	COM NEW	759351604
BKD	BROOKDALE SENIOR LIVING INC	162,700	$2.583M	0.7%	—	—	COM	112463104
BAC	BANK OF AMERICA CORP	190,900	$2.58M	0.7%	—	—	COM	060505104
—	ENBRIDGE ENERGY PARTNERS LP	138,540	$2.538M	0.7%	—	—	COM	29250R106
—	COVANTA HOLDING CORP	149,386	$2.518M	0.7%	—	—	COM	22282E102
BEN	FRANKLIN RESOURCES INC	63,450	$2.477M	0.7%	—	—	COM	354613101
—	STAPLES INC	220,653	$2.433M	0.7%	—	—	COM	855030102
LEN	LENNAR CORP	50,000	$2.418M	0.6%	—	—	CL A	526057104
WMT	WAL-MART STORES INC	34,850	$2.386M	0.6%	—	—	COM	931142103
HPE	HEWLETT PACKARD ENTERPRISE C	133,655	$2.369M	0.6%	—	—	COM	42824C109
—	APACHE CORP	47,450	$2.316M	0.6%	—	—	COM	037411105
MS	MORGAN STANLEY	86,700	$2.168M	0.6%	—	—	COM	617446448
BP	BP PLC	68,932	$2.08M	0.6%	—	—	SPONSORED ADR	055622104
—	DOW CHEMICAL CORP	40,830	$2.076M	0.6%	—	—	COM	260543103
LAMR	LAMAR ADVERTISING CO	33,050	$2.032M	0.5%	—	—	CL A	512816109
—	CVR PARTNERS LP	242,348	$2.026M	0.5%	—	—	COM	126633106
KBR	KBR INC	129,709	$2.007M	0.5%	—	—	COM	48242W106
AIG	AMERICAN INTERNATIONAL GROUP	36,850	$1.991M	0.5%	—	—	COM NEW	026874784
OMC	OMNICOM GROUP INC COM	23,900	$1.989M	0.5%	—	—	COM	681919106
ACM	AECOM	62,952	$1.938M	0.5%	—	—	COM	00766T100
XOM	EXXON MOBIL CORP	22,800	$1.905M	0.5%	—	—	COM	30231G102
—	MASONITE INTERNATIONAL CORP	28,950	$1.896M	0.5%	—	—	COM	575385109
—	SEAGATE TECHNOLOGY PLC SHS	53,700	$1.849M	0.5%	—	—	SHS	G7945M107
VOYA	VOYA FINL INC	61,975	$1.844M	0.5%	—	—	COM	929089100
CSCO	CISCO SYSTEMS INC	64,600	$1.839M	0.5%	—	—	COM	17275R102
F	FORD MOTOR COMPANY	133,275	$1.799M	0.5%	—	—	COM	345370860
AER	AERCAP HOLDINGS NV	46,100	$1.786M	0.5%	—	—	SHS	N00985106
MET	METLIFE INC	40,225	$1.767M	0.5%	—	—	COM	59156R108
AXS	AXIS CAPITAL HOLDINGS LTD	31,728	$1.759M	0.5%	—	—	SHS	G0692U109
KO	COCA COLA CO	37,350	$1.732M	0.5%	—	—	COM	191216100
—	SUPERIOR ENERGY SERVICES INC	129,200	$1.729M	0.5%	—	—	COM	868157108
HPQ	HP INC	133,655	$1.646M	0.4%	—	—	COM	40434L105
ROCK	GIBRALTAR INDUSTRIES INC	57,279	$1.638M	0.4%	—	—	COM	374689107
HAL	HALLIBURTON CO COM	45,700	$1.632M	0.4%	—	—	COM	406216101
DOV	DOVER CORP	25,150	$1.617M	0.4%	—	—	COM	260003108
UBS	UBS GROUP AG SHS	100,375	$1.616M	0.4%	—	—	SHS	H42097107
ABT	ABBOTT LABORATORIES	38,475	$1.609M	0.4%	—	—	COM	002824100
ASB	ASSOCIATED BANC-CORP	89,500	$1.605M	0.4%	—	—	COM	045487105
—	ACTUANT CORP	64,500	$1.593M	0.4%	—	—	CL A	00508X203
INTC	INTEL CORP	49,075	$1.587M	0.4%	—	—	COM	458140100
DVN	DEVON ENERGY CORP	54,900	$1.506M	0.4%	—	—	COM	25179M103
PH	PARKER HANNIFIN CORP	13,525	$1.502M	0.4%	—	—	COM	701094104
CVE	CENOVUS ENERGY INC COM	115,075	$1.495M	0.4%	—	—	COM	15135U109
UVV	UNIVERSAL CORP VA	26,200	$1.488M	0.4%	—	—	COM	913456109
—	ENDURANCE SPECIALTY HOLDINGS	22,300	$1.457M	0.4%	—	—	SHS	G30397106
NSIT	INSIGHT ENTERPRISES INC	49,918	$1.429M	0.4%	—	—	COM	45765U103
—	TRIPLE-S MANAGEMENT CORP	55,973	$1.391M	0.4%	—	—	CL B	896749108
WBS	WEBSTER FINANCIAL CORP	38,225	$1.372M	0.4%	—	—	COM	947890109
—	ESSENDANT INC	42,900	$1.369M	0.4%	—	—	COM	296689102
BAX	BAXTER INTL	33,250	$1.365M	0.4%	—	—	COM	071813109
GM	GENERAL MOTORS CO	43,190	$1.357M	0.4%	—	—	COM	37045V100
GTLS	CHART INDUSTRIES INC	62,475	$1.356M	0.4%	—	—	COM	16115Q308
SRI	STONERIDGE INC	93,125	$1.355M	0.4%	—	—	COM	86183P102
—	LINKEDIN CORP	11,685	$1.336M	0.4%	—	—	CL A	53578A108
—	SYNOVUS FINANCIAL CORP	46,046	$1.331M	0.4%	—	—	COM	87161C501
TTEK	TETRA TECH INC	44,600	$1.329M	0.4%	—	—	COM	88162G103
STT	STATE STR CORP	22,400	$1.31M	0.4%	—	—	COM	857477103
DAN	DANA HOLDING CORP	92,624	$1.305M	0.4%	—	—	COM	235825205
—	INTERPUBLIC GROUP COS INC	55,975	$1.284M	0.3%	—	—	COM	460690100
NWS	NEWS CORP	95,725	$1.268M	0.3%	—	—	CL B	65249B208
DIOD	DIODES INC	62,775	$1.261M	0.3%	—	—	COM	254543101
—	BBCN BANCORP INC	81,225	$1.233M	0.3%	—	—	COM	073295107
WMB	WILLIAMS COS INC DEL COM	75,610	$1.215M	0.3%	—	—	COM	969457100
JNJ	JOHNSON & JOHNSON	11,035	$1.193M	0.3%	—	—	COM	478160104
—	FIRST MIDWEST BANCORP INC/IL	65,675	$1.183M	0.3%	—	—	COM	320867104
—	GENERAL MOTORS	54,576	$1.181M	0.3%	—	—	WARRANT	37045V118
—	CUBIC CORP	29,550	$1.18M	0.3%	—	—	COM	229669106
UPBD	RENT-A-CENTER INC	73,050	$1.157M	0.3%	—	—	COM	76009N100
—	ASPEN INSURANCE HOLDINGS LTD	24,200	$1.154M	0.3%	—	—	SHS	G05384105
SWK	STANLEY BLACK & DECKER INC	10,875	$1.144M	0.3%	—	—	COM	854502101
PNC	PNC FINL SVCS GROUP INC	12,604	$1.065M	0.3%	—	—	COM	693475105
CNO	CNO FINANCIAL GROUP	59,323	$1.063M	0.3%	—	—	COM	12621E103
—	NATL PENN BCSHS INC	95,775	$1.019M	0.3%	—	—	COM	637138108
—	JOY GLOBAL INC	62,655	$1.006M	0.3%	—	—	COM	481165108
—	GRANITE REAL ESTATE INVESTMENT TRST	34,300	$984K	0.3%	—	—	UNIT	387437114
—	TERRAFORM GLOBAL INC	406,700	$967K	0.3%	—	—	CL A	88104M101
CMCO	COLUMBUS MCKINNON CORP/NY	60,393	$951K	0.3%	—	—	COM	199333105
NWSA	NEWS CORP	73,225	$935K	0.3%	—	—	CL A	65249B109
—	GOVERNMENT PROPERTIES INCOME	51,351	$916K	0.2%	—	—	COM SHS BEN INT	38376A103
—	ARGO GROUP INTERNATIONAL	15,540	$891K	0.2%	—	—	COM	G0464B107
—	TUPPERWARE CORP	15,300	$887K	0.2%	—	—	COM	899896104
—	TEEKAY TANKERS LTD	225,350	$827K	0.2%	—	—	CL A	Y8565N102
—	GENERAL CABLE CORP	66,975	$817K	0.2%	—	—	COM	369300108
—	SCHNITZER STEEL INDS INC	43,175	$796K	0.2%	—	—	CL A	806882106
WSFS	WSFS FINANCIAL CORP	24,400	$793K	0.2%	—	—	COM	929328102
—	ELECTRUM SPECIAL ACQUISITION	78,949	$775K	0.2%	—	—	COM	G3105C120
—	TECH DATA CORP	10,000	$767K	0.2%	—	—	COM	878237106
—	ARRIS INTL INC SHS	32,816	$752K	0.2%	—	—	HS	G0551A103
—	APOLLO GLOBAL MANAGEMENT	43,700	$748K	0.2%	—	—	CLA SHS	037612306
IOSP	INORG CHEM NEC	17,123	$742K	0.2%	—	—	COM	45768S105
—	TCF FINANCIAL CORP	59,825	$733K	0.2%	—	—	COM	872275102
CRS	CARPENTER TECHNOLOGY	21,396	$732K	0.2%	—	—	COM	144285103
EOG	EOG RES INC COM	10,000	$725K	0.2%	—	—	COM	26875P101
ACH	OWENS & MINOR INC	17,900	$723K	0.2%	—	—	COM	690732102
GOOGL	ALPHABET INC CAP STK CL A	935	$713K	0.2%	—	—	CL A	02079K305
—	YAHOO! INC	19,255	$708K	0.2%	—	—	COM	984332106
—	ARC DOCUMENT SOLUTIONS INC	152,175	$684K	0.2%	—	—	COM	00191G103
—	HESS CORP COM	12,988	$683K	0.2%	—	—	COM	42809H107
SCSC	SCANSOURCE INC COM	16,800	$678K	0.2%	—	—	COM	806037107
FHN	FIRST HORIZON NATIONAL CORP	51,600	$675K	0.2%	—	—	COM	320517105
SAIC	SCIENCE APPLICATIONS INTE	12,600	$672K	0.2%	—	—	COM	808625107
—	ANIXTER INTL INC COM	12,634	$658K	0.2%	—	—	COM	035290105
FCNCA	FIRST CITIZENS BCSHS	2,545	$638K	0.2%	—	—	CL A	31946M103
—	OCI PARTNERS LP	83,800	$633K	0.2%	—	—	COM UNIT REP LP	67091N108
VRTS	VIRTUS INVESTMENT PARTNERS	7,843	$612K	0.2%	—	—	COM	92828Q109
—	PARK STERLING CORP	88,466	$590K	0.2%	—	—	COM	70086Y105
—	GREAT PLAINS ENERGY INC	18,100	$583K	0.2%	—	—	COM	391164100
—	ICONIX BRAND GROUP INC	72,187	$581K	0.2%	—	—	COM	451055107
NRG	NRG ENERGY INC	42,341	$550K	0.1%	—	—	COM NEW	629377508
NG	NOVAGOLD RESOURCES INC	109,110	$549K	0.1%	—	—	COM NEW	66987E206
—	PHH CORP	43,425	$544K	0.1%	—	—	COM	693320202
KALU	KAISER ALUMINUM CORP	6,100	$515K	0.1%	—	—	COM	483007704
GLNG	GOLAR LNG LTD	28,548	$513K	0.1%	—	—	SHS	G9456A100
—	CRAY INC	11,120	$466K	0.1%	—	—	COM NEW	225223304
—	FUELCELL ENERGY INC	64,523	$436K	0.1%	—	—	COM NEW	35952H502
—	HERTZ GLOBAL HOLDINGS INC	41,100	$432K	0.1%	—	—	COM	42805T105
PRI	PRIMERICA INC	9,431	$419K	0.1%	—	—	COM	74164M108
POR	PORTLAND GENERAL ELECTRIC	10,200	$402K	0.1%	—	—	COM	736508847
—	LEXMARK INTL GROUP INC	11,700	$391K	0.1%	—	—	CL A	529771107
—	JIVE SOFTWARE INC	100,553	$380K	0.1%	—	—	COM	47760A108
—	WILLIAM LYON HOMES	26,200	$379K	0.1%	—	—	CL A NEW	552074700
TRS	TRIMAS CORP	21,100	$369K	0.1%	—	—	COM NEW	896215209
AGX	ARGAN INC	9,851	$346K	0.1%	—	—	COM	04010E109
DRH	DIAMONDROCK HOSPITALITY CO	33,571	$339K	0.1%	—	—	COM	252784301
LEN/B	LENNAR CORP	7,695	$297K	0.1%	—	—	CL B	526057302
—	MAXWELL TECHNOLOGIES INC	46,277	$274K	0.1%	—	—	COM	577767106
—	CEMPRA INC	15,497	$271K	0.1%	—	—	COM	15130J109
NVRI	HARSCO CORP	49,000	$267K	0.1%	—	—	COM	415864107
THC	TENET HEALTHCARE CORP	7,925	$229K	0.1%	—	—	COM NEW	88033G407
UFPT	UFP TECHNOLOGIES INC	10,230	$227K	0.1%	—	—	COM	902673102
MATW	MATTHEWS INTL CORP	4,375	$225K	0.1%	—	—	CL A	577128101
MLR	MILLER INDUSTRIES INC/TENN	10,973	$222K	0.1%	—	—	COM	600551204
NNI	NELNET INC CL A	5,400	$212K	0.1%	—	—	CL A	64031N108
—	KAPSTONE PAPER AND PACKAGING	13,631	$188K	0.1%	—	—	COM	48562P103
—	OM ASSET MANAGEMENT PLC	13,600	$181K	0.0%	—	—	SHS	G67506108
—	AMERICAN EQTY INVT LIFE HLD COM	10,596	$178K	0.0%	—	—	COM	025676206
GNW	GENWORTH FINANCIAL INC	62,650	$171K	0.0%	—	—	CL A	37247D106
—	CATCHMARK TIMBER TR INC	11,860	$128K	0.0%	—	—	CL A	14912Y202
MERC	MERCER INTL INC	13,310	$125K	0.0%	—	—	COM	588056101
EZPW	EZCORP INC	41,100	$122K	0.0%	—	—	CL A	302301106
CALY	CALLAWAY GOLF COMPANY	12,477	$113K	0.0%	—	—	COM	131193104
—	HEALTHSOUTH CORP	53,352	$106K	0.0%	—	—	WARRANT	421924127
ENVA	ENOVA INTERNATIONAL INC-W/I	16,325	$103K	0.0%	—	—	COM	29357K103
—	BLUEKNIGHT ENERGY PARTNERS LP	21,522	$103K	0.0%	—	—	COM UNIT	09625U109
—	KEY ENERGY SERVICES INC	269,075	$99,000	0.0%	—	—	COM	492914106
—	HEALTH INSURANCE INNOVATION	14,859	$90,000	0.0%	—	—	COM CL A	42225K106
KTOS	KRATOS DEFENSE & SECURITY	17,988	$89,000	0.0%	—	—	COM NEW	50077B207
—	MONSTER WORLDWIDE INC	10,978	$35,000	0.0%	—	—	COM	611742107