Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST GOLD SHS	214,000	$26.02M	6.6%	—	—	SHS	78463V107
C	CITIGROUP INC COM NEW	205,236	$14.93M	3.8%	—	—	COM	172967424
ORCL	ORACLE CORP COM	236,275	$11.42M	2.9%	—	—	COM	68389X105
JPM	JPMORGAN CHASE & CO COM	110,675	$10.57M	2.7%	—	—	COM	46625H100
MSFT	MICROSOFT CORP COM	136,500	$10.17M	2.6%	—	—	COM	594918104
LNC	LINCOLN NATL CORP IND COM	134,000	$9.846M	2.5%	—	—	COM	534187109
MC	MOELIS & CO CL A	218,337	$9.399M	2.4%	—	—	CL A	60786M105
PFE	PFIZER INC COM	247,401	$8.832M	2.2%	—	—	COM	717081103
—	COVANTA HLDG CORP COM	591,381	$8.782M	2.2%	—	—	COM	22282E102
—	AETNA INC NEW COM	53,000	$8.428M	2.1%	—	—	COM	00817Y108
—	HESS CORP COM	123,776	$5.804M	1.5%	—	—	COM	42809H107
FDX	FEDEX CORP COM	25,100	$5.662M	1.4%	—	—	COM	31428X106
URI	UNITED RENTALS INC COM	40,000	$5.55M	1.4%	—	—	COM	911363109
WHR	WHIRLPOOL CORP COM	28,500	$5.257M	1.3%	—	—	COM	963320106
GOOG	ALPHABET INC CAP STK CL C	5,300	$5.083M	1.3%	—	—	CL C	02079K107
NEAR	ISHARES U S ETF TR SHT MAT BD ETF	100,000	$5.029M	1.3%	—	—	BD ETF	46431W507
CMCSA	COMCAST CORP NEW CL A	127,800	$4.918M	1.2%	—	—	CL A	20030N101
AIZ	ASSURANT INC COM	50,700	$4.843M	1.2%	—	—	COM	04621X108
DAL	DELTA AIR LINES INC DEL COM NEW	98,440	$4.747M	1.2%	—	—	COM NEW	247361702
LYB	LYONDELLBASELL INDUSTRIES N SHS - A -	44,200	$4.378M	1.1%	—	—	SHS	N53745100
TEX	TEREX CORP NEW COM	95,614	$4.305M	1.1%	—	—	COM	880779103
DHI	D R HORTON INC COM	104,200	$4.161M	1.0%	—	—	COM	23331A109
TRV	TRAVELERS COMPANIES INC COM	33,000	$4.043M	1.0%	—	—	COM	89417E109
GLNG	GOLAR LNG LTD BERMUDA SHS	176,803	$3.998M	1.0%	—	—	SHS	G9456A100
—	PIONEER NAT RES CO COM	26,800	$3.954M	1.0%	—	—	COM	723787107
—	ROYAL DUTCH SHELL PLC SPONS ADR A	62,520	$3.787M	1.0%	—	—	SPONSORED ADR	780259206
AAL	AMERICAN AIRLS GROUP INC COM	78,700	$3.737M	0.9%	—	—	COM	02376R102
EOG	EOG RES INC COM	38,000	$3.676M	0.9%	—	—	COM	26875P101
—	DOWDUPONT INC COM	51,555	$3.569M	0.9%	—	—	COM	26078J100
BKD	BROOKDALE SR LIVING INC COM	335,609	$3.557M	0.9%	—	—	COM	112463104
BAC	BANK AMER CORP COM	137,525	$3.485M	0.9%	—	—	COM	060505104
ADI	ANALOG DEVICES INC COM	40,000	$3.447M	0.9%	—	—	COM	032654105
AVT	AVNET INC COM	87,706	$3.447M	0.9%	—	—	COM	053807103
GS	GOLDMAN SACHS GROUP INC COM	13,500	$3.202M	0.8%	—	—	COM	38141G104
CTSH	COGNIZANT TECHNOLOGY SOLUTIO CL A	44,010	$3.192M	0.8%	—	—	CLA	192446102
GM	GENERAL MTRS CO COM	77,897	$3.145M	0.8%	—	—	COM	37045V100
MS	MORGAN STANLEY COM NEW	63,023	$3.036M	0.8%	—	—	COM	617446448
—	MYLAN N V SHS EURO	95,909	$3.009M	0.8%	—	—	SHS	N59465109
VOYA	VOYA FINL INC COM	73,700	$2.94M	0.7%	—	—	COM	929089100
OMC	OMNICOM GROUP INC COM	38,761	$2.871M	0.7%	—	—	COM	681919106
NXPI	NXP SEMICONDUCTORS N V COM	25,375	$2.87M	0.7%	—	—	COM	N6596X109
BEN	FRANKLIN RES INC COM	63,450	$2.824M	0.7%	—	—	COM	354613101
ETN	EATON CORP PLC SHS	35,994	$2.764M	0.7%	—	—	SHS	G29183103
COF	CAPITAL ONE FINL CORP COM	31,827	$2.694M	0.7%	—	—	COM	14040H105
—	ATHENE HLDG LTD CL A	50,000	$2.692M	0.7%	—	—	CL A	G0684D107
CTRA	CABOT OIL & GAS CORP COM	100,000	$2.675M	0.7%	—	—	COM	127097103
LEN	LENNAR CORP CL A	50,000	$2.64M	0.7%	—	—	CL A	526057104
MCK	MCKESSON CORP COM	17,133	$2.632M	0.7%	—	—	COM	58155Q103
—	ALLERGAN PLC SHS	12,670	$2.597M	0.7%	—	—	SHS	G0177J108
MUR	MURPHY OIL CORP COM	95,712	$2.542M	0.6%	—	—	COM	626717102
—	DELL TECHNOLOGIES INC COM CL V	31,815	$2.456M	0.6%	—	—	CL V	24703L103
—	BARRICK GOLD CORP COM	150,595	$2.423M	0.6%	—	—	COM	067901108
AIG	AMERICAN INTL GROUP INC COM NEW	38,924	$2.39M	0.6%	—	—	COM NEW	026874784
VNO	VORNADO RLTY TR SH BEN INT	30,535	$2.348M	0.6%	—	—	SH BEN INT	929042109
TXT	TEXTRON INC COM	43,500	$2.344M	0.6%	—	—	COM	883203101
DOV	DOVER CORP COM	25,150	$2.298M	0.6%	—	—	COM	260003108
F	FORD MTR CO DEL COM PAR $0.01	190,129	$2.276M	0.6%	—	—	COM	345370860
CSCO	CISCO SYS INC COM	64,600	$2.172M	0.5%	—	—	COM	17275R102
HPE	HEWLETT PACKARD ENTERPRISE C COM	147,450	$2.169M	0.5%	—	—	COM	42824C109
KBR	KBR INC COM	120,542	$2.155M	0.5%	—	—	COM	48242W106
—	WPX ENERGY INC COM	186,500	$2.145M	0.5%	—	—	COM	98212B103
MET	METLIFE INC COM	41,025	$2.131M	0.5%	—	—	COM	59156R108
HLT	HILTON WORLDWIDE HLDGS INC COM	30,092	$2.09M	0.5%	—	—	COM	43300A203
CVE	CENOVUS ENERGY INC COM	205,929	$2.066M	0.5%	—	—	COM	15135U109
BP	BP PLC SPONSORED ADR	52,382	$2.013M	0.5%	—	—	SPONSORED ADR	055622104
STT	STATE STR CORP COM	20,950	$2.002M	0.5%	—	—	COM	857477103
WMT	WAL-MART STORES INC COM	25,275	$1.975M	0.5%	—	—	COM	931142103
ON	ON SEMICONDUCTOR CORP COM	100,898	$1.864M	0.5%	—	—	COM	682189105
WFC	WELLS FARGO CO NEW COM	32,770	$1.807M	0.5%	—	—	COM	949746101
—	FOREST CITY RLTY TR INC COM CL A	68,000	$1.735M	0.4%	—	—	CL A	345605109
—	MONSANTO CO NEW COM	14,265	$1.709M	0.4%	—	—	COM	61166W101
TECK	TECK RESOURCES LTD CL B	79,565	$1.678M	0.4%	—	—	CL B	878742204
TRS	TRIMAS CORP COM NEW	61,557	$1.662M	0.4%	—	—	COM NEW	896215209
CMTL	COMTECH TELECOMMUNICATIONS C COM NEW	80,719	$1.657M	0.4%	—	—	COM	205826209
LAMR	LAMAR ADVERTISING CO NEW CL A	23,942	$1.641M	0.4%	—	—	CL A	512816109
VRTS	VIRTUS INVT PARTNERS INC COM	14,087	$1.635M	0.4%	—	—	COM	92828Q109
—	EXPRESS SCRIPTS HLDG CO COM	25,767	$1.632M	0.4%	—	—	COM	30219G108
—	CVR PARTNERS LP COM	502,664	$1.624M	0.4%	—	—	COM	126633106
OXY	OCCIDENTAL PETE CORP DEL COM	24,966	$1.603M	0.4%	—	—	COM	674599105
—	ACTUANT CORP CL A NEW	61,266	$1.568M	0.4%	—	—	CL A	00508X203
AXS	AXIS CAPITAL HOLDINGS LTD SHS	26,853	$1.539M	0.4%	—	—	SHS	G0692U109
TOL	TOLL BROTHERS INC COM	37,000	$1.534M	0.4%	—	—	COM	889478103
ASB	ASSOCIATED BANC CORP COM	63,115	$1.531M	0.4%	—	—	COM	045487105
SCSC	SCANSOURCE INC COM	34,035	$1.486M	0.4%	—	—	COM	806037107
JELD	JELD-WEN HLDG INC COM	41,249	$1.465M	0.4%	—	—	COM	47580P103
—	MASONITE INTL CORP NEW COM	20,252	$1.401M	0.4%	—	—	COM	575385109
IOSP	INNOSPEC INC COM	22,082	$1.361M	0.3%	—	—	COM	45768S105
—	ESSENDANT INC COM	101,837	$1.341M	0.3%	—	—	COM	296689102
XOM	EXXON MOBIL CORP COM	16,243	$1.332M	0.3%	—	—	COM	30231G102
—	AMERICAN EQTY INVT LIFE HLD COM	45,114	$1.312M	0.3%	—	—	COM	025676206
ROCK	GIBRALTAR INDS INC COM	42,097	$1.311M	0.3%	—	—	COM	374689107
—	CUBIC CORP COM	25,193	$1.285M	0.3%	—	—	COM	229669106
KO	COCA COLA CO COM	28,500	$1.283M	0.3%	—	—	COM	191216100
GTLS	CHART INDS INC COM PAR $0.01	32,367	$1.27M	0.3%	—	—	COM	16115Q308
FHN	FIRST HORIZON NATL CORP COM	64,800	$1.241M	0.3%	—	—	COM	320517105
—	VERIFONE SYS INC COM	60,993	$1.237M	0.3%	—	—	COM	92342Y109
—	ASPEN INSURANCE HOLDINGS LTD SHS	30,561	$1.235M	0.3%	—	—	SHS	G05384105
ACH	OWENS & MINOR INC NEW COM	41,472	$1.211M	0.3%	—	—	COM	690732102
WBS	WEBSTER FINL CORP CONN COM	22,979	$1.208M	0.3%	—	—	COM	947890109
ACM	AECOM COM	32,202	$1.185M	0.3%	—	—	COM	00766T100
—	TRIPLE-S MGMT CORP CL B	49,541	$1.173M	0.3%	—	—	CL B	896749108
CAT	CATERPILLAR INC DEL COM	9,205	$1.148M	0.3%	—	—	COM	149123101
CNO	CNO FINL GROUP INC COM	49,089	$1.146M	0.3%	—	—	COM	12621E103
HOPE	HOPE BANCORP INC COM	63,331	$1.122M	0.3%	—	—	COM	43940T109
—	ANIXTER INTL INC COM	13,019	$1.107M	0.3%	—	—	COM	035290105
NRG	NRG ENERGY INC COM NEW	42,341	$1.084M	0.3%	—	—	COM NEW	629377508
—	DIEBOLD NXDF INC COM	45,805	$1.047M	0.3%	—	—	COM	253651103
FCNCA	FIRST CTZNS BANCSHARES INC N CL A	2,745	$1.026M	0.3%	—	—	CL A	31946M103
—	NEW SR INVT GROUP INC COM	110,460	$1.011M	0.3%	—	—	COM	648691103
—	SYNOVUS FINL CORP COM NEW	21,845	$1.006M	0.3%	—	—	COM	87161C501
—	GRANITE REAL ESTATE INVT TR UNIT 99/99/9999	24,600	$996K	0.3%	—	—	UNIT	387437114
NWSA	NEWS CORP NEW CL A	73,225	$971K	0.2%	—	—	CL A	65249B109
—	ARGO GROUP INTL HLDGS LTD COM	15,576	$958K	0.2%	—	—	COM	G0464B107
CAR	AVIS BUDGET GROUP COM	24,839	$945K	0.2%	—	—	COM	053774105
HAL	HALLIBURTON CO COM	20,308	$935K	0.2%	—	—	COM	406216101
NSIT	INSIGHT ENTERPRISES INC COM	20,212	$928K	0.2%	—	—	COM	45765U103
—	SUPERIOR ENERGY SVCS INC COM	85,660	$915K	0.2%	—	—	COM	868157108
—	ANADARKO PETE CORP COM	18,660	$912K	0.2%	—	—	COM	032511107
GOOGL	ALPHABET INC CAP STK CL A	935	$910K	0.2%	—	—	CL A	02079K305
—	TUPPERWARE BRANDS CORP COM	14,700	$909K	0.2%	—	—	COM	899896104
—	APOLLO GLOBAL MGMT LLC CL A SHS	29,700	$894K	0.2%	—	—	CL A SHS	037612306
GLW	CORNING INC COM	29,780	$891K	0.2%	—	—	COM	219350105
NVRI	HARSCO CORP COM	41,700	$872K	0.2%	—	—	COM	415864107
—	GENERAL CABLE CORP DEL NEW COM	43,886	$827K	0.2%	—	—	COM	369300108
—	PLY GEM HLDGS INC COM	47,885	$816K	0.2%	—	—	COM	72941W100
—	ELECTRUM SPL ACQUISITION COR SHS	78,949	$809K	0.2%	—	—	SHS	G3105C104
THG	HANOVER INS GROUP INC COM	8,158	$791K	0.2%	—	—	COM	410867105
—	FIRST MIDWEST BANCORP DEL COM	33,701	$789K	0.2%	—	—	COM	320867104
UVV	UNIVERSAL CORP VA COM	13,463	$771K	0.2%	—	—	COM	913456109
—	FUELCELL ENERGY INC COM NEW	439,851	$770K	0.2%	—	—	COM NEW	35952H502
—	GOVERNMENT PPTYS INCOME TR COM SHS BEN INT	40,914	$768K	0.2%	—	—	COM SHS BEN INT	38376A103
—	PARK STERLING CORP COM	59,266	$736K	0.2%	—	—	COM	70086Y105
KALU	KAISER ALUMINUM CORP COM PAR $0.01	6,600	$681K	0.2%	—	—	COM	483007704
SAIC	SCIENCE APPLICATNS INTL CP N COM	9,900	$662K	0.2%	—	—	COM	808625107
—	MICRO FOCUS INTERNATIONAL PL SPON ADR NEW	20,248	$646K	0.2%	—	—	SPONSORED ADR	594837304
EZPW	EZCORP INC CL A NON VTG	66,600	$633K	0.2%	—	—	CL A	302301106
—	TCF FINL CORP COM	35,599	$607K	0.2%	—	—	COM	872275102
—	LYON WILLIAM HOMES CL A NEW	25,998	$598K	0.2%	—	—	CL A NEW	552074700
—	TEEKAY TANKERS LTD CL A	332,350	$538K	0.1%	—	—	CLA	Y8565N102
—	ICONIX BRAND GROUP INC COM	94,087	$535K	0.1%	—	—	COM	451055107
WMB	WILLIAMS COS INC DEL COM	17,070	$512K	0.1%	—	—	COM	969457100
—	GREAT PLAINS ENERGY INC COM	15,700	$476K	0.1%	—	—	COM	391164100
—	HOEGH LNG PARTNERS LP COM UNIT LTD	25,649	$476K	0.1%	—	—	COM	Y3262R100
POR	PORTLAND GEN ELEC CO COM NEW	10,200	$466K	0.1%	—	—	COM	736508847
ENVA	ENOVA INTL INC COM	34,457	$463K	0.1%	—	—	COM	29357K103
NG	NOVAGOLD RES INC COM NEW	109,110	$450K	0.1%	—	—	COM NEW	66987E206
—	ARRIS INTL INC SHS	15,616	$445K	0.1%	—	—	SHS	G0551A103
—	OM ASSET MGMT PLC SHS	28,733	$429K	0.1%	—	—	SHS	G67506108
CRS	CARPENTER TECHNOLOGY CORP COM	8,936	$429K	0.1%	—	—	COM	144285103
SRI	STONERIDGE INC COM	21,307	$422K	0.1%	—	—	COM	86183P102
NWS	NEWS CORP NEW CL B	30,775	$420K	0.1%	—	—	CL B	65249B208
—	WESCO AIRCRAFT HLDGS INC COM	42,270	$397K	0.1%	—	—	COM	950814103
DRH	DIAMONDROCK HOSPITALITY CO COM	33,571	$368K	0.1%	—	—	COM	252784301
—	ATLANTIC CAP BANCSHARES INC COM	19,174	$348K	0.1%	—	—	COM	048269203
—	ARC DOCUMENT SOLUTIONS INC COM	81,991	$335K	0.1%	—	—	COM	00191G103
MLR	MILLER INDS INC TENN COM NEW	10,727	$300K	0.1%	—	—	COM	600551204
CNMD	CONMED CORP COM	5,503	$289K	0.1%	—	—	COM	207410101
NNI	NELNET INC CL A	4,800	$242K	0.1%	—	—	CL A	64031N108
GNW	GENWORTH FINL INC COM CL A	62,650	$241K	0.1%	—	—	CL A	37247D106
—	KAPSTONE PAPER & PACKAGING C COM	11,231	$241K	0.1%	—	—	COM	48562P103
FBNC	FIRST BANCORP N C COM	6,839	$235K	0.1%	—	—	COM	318910106
BHF	BRIGHTHOUSE FINL INC COM	3,729	$227K	0.1%	—	—	COM	10922N103
WSFS	WSFS FINL CORP COM	4,169	$203K	0.1%	—	—	COM	929328102
—	CATCHMARK TIMBER TR INC CL A	13,960	$176K	0.0%	—	—	CL A	14912Y202
—	ELECTRUM SPL ACQUISITION COR	78,949	$0	0.0%	—	—	*W EXP 99/99/999	G3105C112