Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST GOLD SHS	214,000	$26.46M	6.4%	—	—	SHS	78463V107
C	CITIGROUP INC COM NEW	200,641	$14.93M	3.6%	—	—	COM	172967424
JPM	JPMORGAN CHASE & CO COM	105,838	$11.32M	2.7%	—	—	COM	46625H100
MSFT	MICROSOFT CORP COM	130,900	$11.2M	2.7%	—	—	COM	594918104
ORCL	ORACLE CORP COM	236,275	$11.17M	2.7%	—	—	COM	68389X105
MC	MOELIS & CO CL A	218,337	$10.59M	2.5%	—	—	CL A	60786M105
LNC	LINCOLN NATL CORP IND COM	134,000	$10.3M	2.5%	—	—	COM	534187109
—	COVANTA HLDG CORP COM	591,381	$9.994M	2.4%	—	—	COM	22282E102
—	AETNA INC NEW COM	53,000	$9.561M	2.3%	—	—	COM	00817Y108
PFE	PFIZER INC COM	247,401	$8.961M	2.2%	—	—	COM	717081103
URI	UNITED RENTALS INC COM	40,000	$6.876M	1.7%	—	—	COM	911363109
FDX	FEDEX CORP COM	25,100	$6.263M	1.5%	—	—	COM	31428X106
—	HESS CORP COM	123,776	$5.876M	1.4%	—	—	COM	42809H107
GOOG	ALPHABET INC CAP STK CL C	5,300	$5.546M	1.3%	—	—	CL C	02079K107
DAL	DELTA AIR LINES INC DEL COM NEW	98,440	$5.513M	1.3%	—	—	COM NEW	247361702
GLNG	GOLAR LNG LTD BERMUDA SHS	183,103	$5.458M	1.3%	—	—	SHS	G9456A100
DHI	D R HORTON INC COM	104,200	$5.321M	1.3%	—	—	COM	23331A109
NEAR	ISHARES U S ETF TR SHT MAT BD ETF	100,000	$5.012M	1.2%	—	—	BD ETF	46431W507
LYB	LYONDELLBASELL INDUSTRIES N SHS - A -	44,200	$4.876M	1.2%	—	—	SHS	N53745100
—	PIONEER NAT RES CO COM	26,800	$4.632M	1.1%	—	—	COM	723787107
TRV	TRAVELERS COMPANIES INC COM	33,000	$4.476M	1.1%	—	—	COM	89417E109
EOG	EOG RES INC COM	38,000	$4.101M	1.0%	—	—	COM	26875P101
AAL	AMERICAN AIRLS GROUP INC COM	78,700	$4.095M	1.0%	—	—	COM	02376R102
CMCSA	COMCAST CORP NEW CL A	100,000	$4.005M	1.0%	—	—	CL A	20030N101
BKD	BROOKDALE SR LIVING INC COM	409,980	$3.977M	1.0%	—	—	COM	112463104
—	DOWDUPONT INC COM	51,555	$3.672M	0.9%	—	—	COM	26078J100
—	FGL HLDGS ORD SHS	364,000	$3.665M	0.9%	—	—	SHS	G3402M102
ADI	ANALOG DEVICES INC COM	40,000	$3.561M	0.9%	—	—	COM	032654105
WHR	WHIRLPOOL CORP COM	20,950	$3.533M	0.9%	—	—	COM	963320106
AIZ	ASSURANT INC COM	35,000	$3.529M	0.8%	—	—	COM	04621X108
—	MYLAN N V SHS EURO	82,146	$3.476M	0.8%	—	—	SHS	N59465109
AVT	AVNET INC COM	87,706	$3.475M	0.8%	—	—	COM	053807103
GS	GOLDMAN SACHS GROUP INC COM	13,500	$3.439M	0.8%	—	—	COM	38141G104
BAC	BANK AMER CORP COM	115,107	$3.398M	0.8%	—	—	COM	060505104
—	ROYAL DUTCH SHELL PLC SPONS ADR A	49,427	$3.297M	0.8%	—	—	SPONSORED ADR	780259206
JELD	JELD-WEN HLDG INC COM	82,208	$3.237M	0.8%	—	—	COM	47580P103
GM	GENERAL MTRS CO COM	77,897	$3.193M	0.8%	—	—	COM	37045V100
COF	CAPITAL ONE FINL CORP COM	31,827	$3.169M	0.8%	—	—	COM	14040H105
LEN	LENNAR CORP CL A	50,000	$3.162M	0.8%	—	—	CL A	526057104
OMC	OMNICOM GROUP INC COM	41,190	$3M	0.7%	—	—	COM	681919106
MUR	MURPHY OIL CORP COM	95,712	$2.972M	0.7%	—	—	COM	626717102
NXPI	NXP SEMICONDUCTORS N V COM	25,375	$2.971M	0.7%	—	—	COM	N6596X109
DOV	DOVER CORP COM	29,088	$2.938M	0.7%	—	—	COM	260003108
MS	MORGAN STANLEY COM NEW	55,086	$2.89M	0.7%	—	—	COM	617446448
VOYA	VOYA FINL INC COM	57,965	$2.868M	0.7%	—	—	COM	929089100
CTRA	CABOT OIL & GAS CORP COM	100,000	$2.86M	0.7%	—	—	COM	127097103
ETN	EATON CORP PLC SHS	35,994	$2.844M	0.7%	—	—	SHS	G29183103
F	FORD MTR CO DEL COM PAR $0.01	213,907	$2.672M	0.6%	—	—	COM	345370860
MCK	MCKESSON CORP COM	17,133	$2.672M	0.6%	—	—	COM	58155Q103
CTSH	COGNIZANT TECHNOLOGY SOLUTIO CL A	37,247	$2.645M	0.6%	—	—	CLA	192446102
—	WPX ENERGY INC COM	186,500	$2.624M	0.6%	—	—	COM	98212B103
—	ATHENE HLDG LTD CL A	50,000	$2.586M	0.6%	—	—	CL A	G0684D107
BEN	FRANKLIN RES INC COM	59,515	$2.579M	0.6%	—	—	COM	354613101
WFC	WELLS FARGO CO NEW COM	42,147	$2.557M	0.6%	—	—	COM	949746101
—	TIME WARNER INC COM NEW	27,420	$2.508M	0.6%	—	—	COM NEW	887317303
CSCO	CISCO SYS INC COM	64,600	$2.474M	0.6%	—	—	COM	17275R102
TXT	TEXTRON INC COM	43,500	$2.462M	0.6%	—	—	COM	883203101
PBI	PITNEY BOWES INC COM	218,965	$2.448M	0.6%	—	—	COM	724479100
KBR	KBR INC COM	120,442	$2.388M	0.6%	—	—	COM	48242W106
VNO	VORNADO RLTY TR SH BEN INT	30,535	$2.387M	0.6%	—	—	SH BEN INT	929042109
AIG	AMERICAN INTL GROUP INC COM NEW	38,924	$2.319M	0.6%	—	—	COM NEW	026874784
TEX	TEREX CORP NEW COM	46,646	$2.249M	0.5%	—	—	COM	880779103
BP	BP PLC SPONSORED ADR	52,382	$2.202M	0.5%	—	—	SPONSORED ADR	055622104
—	BARRICK GOLD CORP COM	150,595	$2.179M	0.5%	—	—	COM	067901108
HPE	HEWLETT PACKARD ENTERPRISE C COM	147,450	$2.117M	0.5%	—	—	COM	42824C109
TECK	TECK RESOURCES LTD CL B	79,565	$2.082M	0.5%	—	—	CL B	878742204
MET	METLIFE INC COM	41,025	$2.074M	0.5%	—	—	COM	59156R108
—	EXPRESS SCRIPTS HLDG CO COM	25,767	$1.923M	0.5%	—	—	COM	30219G108
CVE	CENOVUS ENERGY INC COM	205,929	$1.881M	0.5%	—	—	COM	15135U109
STT	STATE STR CORP COM	19,128	$1.867M	0.4%	—	—	COM	857477103
R	RYDER SYS INC COM	21,899	$1.843M	0.4%	—	—	COM	783549108
OXY	OCCIDENTAL PETE CORP DEL COM	24,966	$1.839M	0.4%	—	—	COM	674599105
WMT	WAL-MART STORES INC COM	18,119	$1.789M	0.4%	—	—	COM	931142103
CMTL	COMTECH TELECOMMUNICATIONS C COM NEW	80,719	$1.786M	0.4%	—	—	COM	205826209
TOL	TOLL BROTHERS INC COM	37,000	$1.777M	0.4%	—	—	COM	889478103
LAMR	LAMAR ADVERTISING CO NEW CL A	23,942	$1.777M	0.4%	—	—	CL A	512816109
—	MASONITE INTL CORP NEW COM	23,464	$1.74M	0.4%	—	—	COM	575385109
—	ANIXTER INTL INC COM	22,714	$1.726M	0.4%	—	—	COM	035290105
—	CVR PARTNERS LP COM	502,664	$1.649M	0.4%	—	—	COM	126633106
TRS	TRIMAS CORP COM NEW	61,557	$1.647M	0.4%	—	—	COM NEW	896215209
—	FOREST CITY RLTY TR INC COM CL A	68,000	$1.639M	0.4%	—	—	CL A	345605109
VRTS	VIRTUS INVT PARTNERS INC COM	14,087	$1.621M	0.4%	—	—	COM	92828Q109
ASB	ASSOCIATED BANC CORP COM	63,115	$1.603M	0.4%	—	—	COM	045487105
TMUS	T MOBILE US INC COM	25,000	$1.587M	0.4%	—	—	COM	872590104
AXS	AXIS CAPITAL HOLDINGS LTD SHS	31,140	$1.565M	0.4%	—	—	SHS	G0692U109
—	ACTUANT CORP CL A NEW	61,266	$1.55M	0.4%	—	—	CL A	00508X203
ROCK	GIBRALTAR INDS INC COM	46,742	$1.542M	0.4%	—	—	COM	374689107
IOSP	INNOSPEC INC COM	21,117	$1.491M	0.4%	—	—	COM	45768S105
HOPE	HOPE BANCORP INC COM	80,244	$1.464M	0.4%	—	—	COM	43940T109
CAT	CATERPILLAR INC DEL COM	9,205	$1.451M	0.3%	—	—	COM	149123101
GTLS	CHART INDS INC COM PAR $0.01	30,805	$1.444M	0.3%	—	—	COM	16115Q308
—	AMERICAN EQTY INVT LIFE HLD COM	45,114	$1.386M	0.3%	—	—	COM	025676206
—	VERIFONE SYS INC COM	77,047	$1.365M	0.3%	—	—	COM	92342Y109
FHN	FIRST HORIZON NATL CORP COM	68,300	$1.365M	0.3%	—	—	COM	320517105
XOM	EXXON MOBIL CORP COM	16,243	$1.359M	0.3%	—	—	COM	30231G102
KO	COCA COLA CO COM	28,500	$1.308M	0.3%	—	—	COM	191216100
WBS	WEBSTER FINL CORP CONN COM	22,979	$1.291M	0.3%	—	—	COM	947890109
—	ASPEN INSURANCE HOLDINGS LTD SHS	30,561	$1.241M	0.3%	—	—	SHS	G05384105
SCSC	SCANSOURCE INC COM	34,035	$1.218M	0.3%	—	—	COM	806037107
—	ESSENDANT INC COM	130,739	$1.212M	0.3%	—	—	COM	296689102
NRG	NRG ENERGY INC COM NEW	42,341	$1.206M	0.3%	—	—	COM NEW	629377508
ACM	AECOM COM	32,202	$1.196M	0.3%	—	—	COM	00766T100
NWSA	NEWS CORP NEW CL A	73,225	$1.187M	0.3%	—	—	CL A	65249B109
CNO	CNO FINL GROUP INC COM	47,789	$1.18M	0.3%	—	—	COM	12621E103
—	CUBIC CORP COM	19,631	$1.157M	0.3%	—	—	COM	229669106
UVV	UNIVERSAL CORP VA COM	21,512	$1.129M	0.3%	—	—	COM	913456109
FCNCA	FIRST CTZNS BANCSHARES INC N CL A	2,745	$1.106M	0.3%	—	—	CL A	31946M103
—	TRIPLE-S MGMT CORP CL B	44,017	$1.094M	0.3%	—	—	CL B	896749108
CAR	AVIS BUDGET GROUP COM	24,839	$1.09M	0.3%	—	—	COM	053774105
—	DIEBOLD NXDF INC COM	63,730	$1.042M	0.3%	—	—	COM	253651103
NSIT	INSIGHT ENTERPRISES INC COM	26,146	$1.001M	0.2%	—	—	COM	45765U103
—	ANADARKO PETE CORP COM	18,660	$1.001M	0.2%	—	—	COM	032511107
—	APOLLO GLOBAL MGMT LLC CL A SHS	29,700	$994K	0.2%	—	—	CL A SHS	037612306
HAL	HALLIBURTON CO COM	20,308	$992K	0.2%	—	—	COM	406216101
GOOGL	ALPHABET INC CAP STK CL A	935	$985K	0.2%	—	—	CL A	02079K305
—	GRANITE REAL ESTATE INVT TR UNIT 99/99/9999	24,600	$961K	0.2%	—	—	UNIT	387437114
—	ARGO GROUP INTL HLDGS LTD COM	15,576	$960K	0.2%	—	—	COM	G0464B107
GLW	CORNING INC COM	29,780	$953K	0.2%	—	—	COM	219350105
—	TUPPERWARE BRANDS CORP COM	14,700	$922K	0.2%	—	—	COM	899896104
—	PLY GEM HLDGS INC COM	47,885	$886K	0.2%	—	—	COM	72941W100
THG	HANOVER INS GROUP INC COM	8,158	$882K	0.2%	—	—	COM	410867105
—	SYNOVUS FINL CORP COM NEW	17,413	$835K	0.2%	—	—	COM	87161C501
—	MONSANTO CO NEW COM	7,125	$832K	0.2%	—	—	COM	61166W101
—	SUPERIOR ENERGY SVCS INC COM	85,660	$825K	0.2%	—	—	COM	868157108
—	ELECTRUM SPL ACQUISITION COR SHS	78,949	$815K	0.2%	—	—	SHS	G3105C104
EZPW	EZCORP INC CL A NON VTG	66,600	$813K	0.2%	—	—	CL A	302301106
—	FIRST MIDWEST BANCORP DEL COM	33,701	$809K	0.2%	—	—	COM	320867104
—	VALIDUS HOLDINGS LTD COM SHS	17,179	$806K	0.2%	—	—	COM SHS	G9319H102
—	GOVERNMENT PPTYS INCOME TR COM SHS BEN INT	42,914	$796K	0.2%	—	—	COM SHS BEN INT	38376A103
ACH	OWENS & MINOR INC NEW COM	41,472	$783K	0.2%	—	—	COM	690732102
SAIC	SCIENCE APPLICATNS INTL CP N COM	9,900	$758K	0.2%	—	—	COM	808625107
—	LYON WILLIAM HOMES CL A NEW	25,998	$756K	0.2%	—	—	CL A NEW	552074700
—	FUELCELL ENERGY INC COM NEW	439,851	$748K	0.2%	—	—	COM NEW	35952H502
—	TCF FINL CORP COM	35,599	$730K	0.2%	—	—	COM	872275102
KALU	KAISER ALUMINUM CORP COM PAR $0.01	6,700	$716K	0.2%	—	—	COM	483007704
NG	NOVAGOLD RES INC COM NEW	178,982	$703K	0.2%	—	—	COM NEW	66987E206
—	MICRO FOCUS INTERNATIONAL PL SPON ADR NEW	20,248	$680K	0.2%	—	—	SPONSORED ADR	594837304
—	SOUTH ST CORP COM	7,341	$640K	0.2%	—	—	COM	840441109
—	TEEKAY TANKERS LTD CL A	418,650	$586K	0.1%	—	—	CLA	Y8565N102
—	HOEGH LNG PARTNERS LP COM UNIT LTD	30,967	$578K	0.1%	—	—	COM	Y3262R100
NVRI	HARSCO CORP COM	30,300	$565K	0.1%	—	—	COM	415864107
ENVA	ENOVA INTL INC COM	34,457	$524K	0.1%	—	—	COM	29357K103
WMB	WILLIAMS COS INC DEL COM	17,070	$520K	0.1%	—	—	COM	969457100
—	GREAT PLAINS ENERGY INC COM	15,700	$506K	0.1%	—	—	COM	391164100
—	OM ASSET MGMT PLC SHS	28,733	$481K	0.1%	—	—	SHS	G67506108
POR	PORTLAND GEN ELEC CO COM NEW	10,200	$465K	0.1%	—	—	COM	736508847
MD	MEDNAX INC COM	8,634	$461K	0.1%	—	—	COM	58502B106
CRS	CARPENTER TECHNOLOGY CORP COM	8,936	$456K	0.1%	—	—	COM	144285103
—	ARRIS INTL INC SHS	15,616	$401K	0.1%	—	—	SHS	G0551A103
DRH	DIAMONDROCK HOSPITALITY CO COM	33,571	$379K	0.1%	—	—	COM	252784301
—	ATLANTIC CAP BANCSHARES INC COM	19,274	$339K	0.1%	—	—	COM	048269203
—	WESCO AIRCRAFT HLDGS INC COM	42,270	$313K	0.1%	—	—	COM	950814103
CNMD	CONMED CORP COM	5,503	$280K	0.1%	—	—	COM	207410101
MLR	MILLER INDS INC TENN COM NEW	10,727	$277K	0.1%	—	—	COM	600551204
NNI	NELNET INC CL A	4,800	$263K	0.1%	—	—	CL A	64031N108
—	KAPSTONE PAPER & PACKAGING C COM	11,231	$255K	0.1%	—	—	COM	48562P103
FBNC	FIRST BANCORP N C COM	6,839	$241K	0.1%	—	—	COM	318910106
BHF	BRIGHTHOUSE FINL INC COM	3,729	$219K	0.1%	—	—	COM	10922N103
GNW	GENWORTH FINL INC COM CL A	62,650	$195K	0.0%	—	—	CL A	37247D106
—	CATCHMARK TIMBER TR INC CL A	13,960	$183K	0.0%	—	—	CL A	14912Y202
TTI	TETRA TECHNOLOGIES INC DEL COM	41,400	$177K	0.0%	—	—	COM	88162F105
—	ARC DOCUMENT SOLUTIONS INC COM	47,823	$122K	0.0%	—	—	COM	00191G103
—	ELECTRUM SPL ACQUISITION COR W EXP 99/99/999	78,949	$0	0.0%	—	—	W EXP 99/99/999	G3105C112