Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	214,000	$26.92M	5.7%	—	—	GOLD SHS	78463V107
—	AETNA INC NEW	88,000	$14.87M	3.2%	—	—	COM	00817Y108
C	CITIGROUP INC	200,641	$13.54M	2.9%	—	—	COM NEW	172967424
MSFT	MICROSOFT CORP	130,900	$11.95M	2.5%	—	—	COM	594918104
JPM	JPMORGAN CHASE & CO	105,838	$11.64M	2.5%	—	—	COM	46625H100
MC	MOELIS & CO	218,337	$11.1M	2.4%	—	—	CL A	60786M105
CMCSA	COMCAST CORP NEW	317,000	$10.83M	2.3%	—	—	CL A	20030N101
ORCL	ORACLE CORP	236,275	$10.81M	2.3%	—	—	COM	68389X105
LNC	LINCOLN NATL CORP IN	134,000	$9.79M	2.1%	—	—	COM	534187109
—	COVANTA HLDG CORP	591,381	$8.575M	1.8%	—	—	COM	22282E102
GM	GENERAL MTRS CO	227,897	$8.282M	1.8%	—	—	COM	37045V100
CSCO	CISCO SYS INC	177,100	$7.596M	1.6%	—	—	COM	17275R102
URI	UNITED RENTALS INC	40,000	$6.909M	1.5%	—	—	COM	911363109
PFE	PFIZER INC	186,491	$6.619M	1.4%	—	—	COM	717081103
—	HESS CORP	123,776	$6.266M	1.3%	—	—	COM	42809H107
FDX	FEDEX CORP	25,100	$6.027M	1.3%	—	—	COM	31428X106
—	DOWDUPONT INC	91,555	$5.833M	1.2%	—	—	COM	26078J100
MPC	MARATHON PETE CORP	77,000	$5.629M	1.2%	—	—	COM	56585A102
GOOG	ALPHABET INC	5,300	$5.468M	1.2%	—	—	CAP STK CL C	02079K107
DAL	DELTA AIR LINES INC	98,440	$5.395M	1.1%	—	—	COM NEW	247361702
WDC	WESTERN DIGITAL CORP	57,000	$5.259M	1.1%	—	—	COM	958102105
AER	AERCAP HOLDINGS NV	102,000	$5.173M	1.1%	—	—	SHS	N00985106
ADNT	ADIENT PLC	85,000	$5.08M	1.1%	—	—	ORD SHS	G0084W101
NEAR	ISHARES US ETF TR	100,000	$5.016M	1.1%	—	—	SHT MAT BD ETF	46431W507
LYB	LYONDELLBASELL INDUS	44,200	$4.671M	1.0%	—	—	SHS - A -	N53745100
KMI	KINDER MORGAN INC DE	310,000	$4.669M	1.0%	—	—	COM	49456B101
—	PIONEER NAT RES CO	26,800	$4.604M	1.0%	—	—	COM	723787107
TRV	TRAVELERS COMPANIES	33,000	$4.582M	1.0%	—	—	COM	89417E109
DHI	D R HORTON INC	104,200	$4.568M	1.0%	—	—	COM	23331A109
AAL	AMERICAN AIRLS GROUP	78,700	$4.089M	0.9%	—	—	COM	02376R102
EOG	EOG RES INC	38,000	$4M	0.9%	—	—	COM	26875P101
—	AVAYA HLDGS CORP	175,000	$3.942M	0.8%	—	—	COM	05351X101
ETN	EATON CORP PLC	47,114	$3.765M	0.8%	—	—	SHS	G29183103
—	FGL HLDGS	364,000	$3.695M	0.8%	—	—	ORD SHS	G3402M102
F	FORD MTR CO DEL	332,775	$3.687M	0.8%	—	—	COM PAR $0.01	345370860
AVT	AVNET INC	87,706	$3.663M	0.8%	—	—	COM	053807103
ADI	ANALOG DEVICES INC	40,000	$3.645M	0.8%	—	—	COM	032654105
GLNG	GOLAR LNG LTD BERMUD	126,313	$3.456M	0.7%	—	—	SHS	G9456A100
JELD	JELD-WEN HLDG INC	112,479	$3.444M	0.7%	—	—	COM	47580P103
GS	GOLDMAN SACHS GROUP	13,500	$3.4M	0.7%	—	—	COM	38141G104
VNO	VORNADO RLTY TR	50,515	$3.4M	0.7%	—	—	SH BEN INT	929042109
—	CIGNA CORPORATION	20,000	$3.355M	0.7%	—	—	COM	125509109
OMC	OMNICOM GROUP INC	43,760	$3.18M	0.7%	—	—	COM	681919106
—	MYLAN N V	77,142	$3.176M	0.7%	—	—	SHS EURO	N59465109
—	ROYAL DUTCH SHELL PL	49,427	$3.154M	0.7%	—	—	SPONS ADR A	780259206
—	TIME WARNER INC	32,910	$3.113M	0.7%	—	—	COM NEW	887317303
BAC	BANK AMER CORP	102,567	$3.076M	0.7%	—	—	COM	060505104
COF	CAPITAL ONE FINL COR	31,827	$3.05M	0.6%	—	—	COM	14040H105
LEN	LENNAR CORP	50,000	$2.947M	0.6%	—	—	CL A	526057104
HCA	HCA HEALTHCARE INC	30,000	$2.91M	0.6%	—	—	COM	40412C101
—	WPX ENERGY INC	186,500	$2.756M	0.6%	—	—	COM	98212B103
AXS	AXIS CAPITAL HOLDING	46,900	$2.7M	0.6%	—	—	SHS	G0692U109
CTSH	COGNIZANT TECHNOLOGY	33,367	$2.686M	0.6%	—	—	CL A	192446102
MS	MORGAN STANLEY	49,734	$2.684M	0.6%	—	—	COM NEW	617446448
AIZ	ASSURANT INC	29,350	$2.683M	0.6%	—	—	COM	04621X108
VOYA	VOYA FINL INC	52,487	$2.651M	0.6%	—	—	COM	929089100
HPE	HEWLETT PACKARD ENTE	150,554	$2.641M	0.6%	—	—	COM	42824C109
MUR	MURPHY OIL CORP	99,853	$2.58M	0.5%	—	—	COM	626717102
TXT	TEXTRON INC	43,500	$2.565M	0.5%	—	—	COM	883203101
GLW	CORNING INC	91,890	$2.562M	0.5%	—	—	COM	219350105
WHR	WHIRLPOOL CORP	16,650	$2.549M	0.5%	—	—	COM	963320106
AIG	AMERICAN INTL GROUP	45,499	$2.476M	0.5%	—	—	COM NEW	026874784
MCK	MCKESSON CORP	17,133	$2.414M	0.5%	—	—	COM	58155Q103
CTRA	CABOT OIL & GAS CORP	100,000	$2.398M	0.5%	—	—	COM	127097103
—	ATHENE HLDG LTD	50,000	$2.391M	0.5%	—	—	CL A	G0684D107
PBI	PITNEY BOWES INC	218,965	$2.385M	0.5%	—	—	COM	724479100
CMTL	COMTECH TELECOMMUNIC	79,219	$2.368M	0.5%	—	—	COM NEW	205826209
DOV	DOVER CORP	22,982	$2.257M	0.5%	—	—	COM	260003108
R	RYDER SYS INC	30,372	$2.211M	0.5%	—	—	COM	783549108
WFC	WELLS FARGO CO NEW	42,147	$2.209M	0.5%	—	—	COM	949746101
BEN	FRANKLIN RES INC	59,515	$2.064M	0.4%	—	—	COM	354613101
—	DISH NETWORK CORP	52,170	$1.977M	0.4%	—	—	CL A	25470M109
IP	INTL PAPER CO	36,805	$1.966M	0.4%	—	—	COM	460146103
MD	MEDNAX INC	35,106	$1.953M	0.4%	—	—	COM	58502B106
STT	STATE STR CORP	19,128	$1.908M	0.4%	—	—	COM	857477103
KBR	KBR INC	117,642	$1.905M	0.4%	—	—	COM	48242W106
BP	BP PLC	46,728	$1.894M	0.4%	—	—	SPONSORED ADR	055622104
MET	METLIFE INC	41,025	$1.883M	0.4%	—	—	COM	59156R108
—	BARRICK GOLD CORP	150,595	$1.875M	0.4%	—	—	COM	067901108
DLTR	DOLLAR TREE INC	19,270	$1.829M	0.4%	—	—	COM	256746108
UBS	UBS GROUP AG	100,375	$1.767M	0.4%	—	—	SHS	H42097107
CVE	CENOVUS ENERGY INC	205,929	$1.751M	0.4%	—	—	COM	15135U109
TEX	TEREX CORP NEW	46,646	$1.745M	0.4%	—	—	COM	880779103
—	ANIXTER INTL INC	22,714	$1.721M	0.4%	—	—	COM	035290105
AMGN	AMGEN INC	10,030	$1.71M	0.4%	—	—	COM	031162100
—	CVR PARTNERS LP	502,664	$1.634M	0.3%	—	—	COM	126633106
OXY	OCCIDENTAL PETE CORP	24,966	$1.622M	0.3%	—	—	COM	674599105
TRS	TRIMAS CORP	61,557	$1.616M	0.3%	—	—	COM NEW	896215209
TOL	TOLL BROTHERS INC	37,000	$1.6M	0.3%	—	—	COM	889478103
—	ACTUANT CORP	67,446	$1.568M	0.3%	—	—	CL A NEW	00508X203
ASB	ASSOCIATED BANC CORP	63,115	$1.568M	0.3%	—	—	COM	045487105
TMUS	T MOBILE US INC	25,000	$1.528M	0.3%	—	—	COM	872590104
VRTS	VIRTUS INVT PARTNERS	12,085	$1.496M	0.3%	—	—	COM	92828Q109
HOPE	HOPE BANCORP INC	80,244	$1.46M	0.3%	—	—	COM	43940T109
IOSP	INNOSPEC INC	21,117	$1.449M	0.3%	—	—	COM	45768S105
—	MASONITE INTL CORP N	23,464	$1.44M	0.3%	—	—	COM	575385109
ROCK	GIBRALTAR INDS INC	42,249	$1.43M	0.3%	—	—	COM	374689107
—	FOREST CITY RLTY TR	68,000	$1.378M	0.3%	—	—	COM CL A	345605109
BKD	BROOKDALE SR LIVING	204,990	$1.375M	0.3%	—	—	COM	112463104
—	ASPEN INSURANCE HOLD	30,561	$1.371M	0.3%	—	—	SHS	G05384105
CAT	CATERPILLAR INC DEL	9,205	$1.357M	0.3%	—	—	COM	149123101
—	AMERICAN EQTY INVT L	45,114	$1.325M	0.3%	—	—	COM	025676206
FHN	FIRST HORIZON NATL C	70,300	$1.324M	0.3%	—	—	COM	320517105
NRG	NRG ENERGY INC	42,341	$1.293M	0.3%	—	—	COM NEW	629377508
WBS	WEBSTER FINL CORP CO	22,979	$1.273M	0.3%	—	—	COM	947890109
—	CUBIC CORP	19,631	$1.249M	0.3%	—	—	COM	229669106
KO	COCA COLA CO	28,500	$1.238M	0.3%	—	—	COM	191216100
XOM	EXXON MOBIL CORP	16,243	$1.212M	0.3%	—	—	COM	30231G102
SCSC	SCANSOURCE INC	34,035	$1.21M	0.3%	—	—	COM	806037107
—	DIEBOLD NXDF INC	78,516	$1.209M	0.3%	—	—	COM	253651103
—	VERIFONE SYS INC	77,047	$1.185M	0.3%	—	—	COM	92342Y109
TMHC	TAYLOR MORRISON HOME	50,000	$1.164M	0.2%	—	—	CL A	87724P106
CAR	AVIS BUDGET GROUP	24,839	$1.163M	0.2%	—	—	COM	053774105
NWSA	NEWS CORP NEW	73,225	$1.157M	0.2%	—	—	CL A	65249B109
—	TRIPLE-S MGMT CORP	44,017	$1.151M	0.2%	—	—	CL B	896749108
ACM	AECOM	32,202	$1.147M	0.2%	—	—	COM	00766T100
LKQ	LKQ CORP	30,000	$1.139M	0.2%	—	—	COM	501889208
FCNCA	FIRST CTZNS BANCSHAR	2,745	$1.134M	0.2%	—	—	CL A	31946M103
—	ANADARKO PETE CORP	18,660	$1.127M	0.2%	—	—	COM	032511107
—	STEELCASE INC	82,586	$1.123M	0.2%	—	—	CL A	858155203
UVV	UNIVERSAL CORP VA	21,512	$1.043M	0.2%	—	—	COM	913456109
—	ARGO GROUP INTL HLDG	17,912	$1.028M	0.2%	—	—	COM	G0464B107
TECK	TECK RESOURCES LTD	39,780	$1.025M	0.2%	—	—	CL B	878742204
—	ESSENDANT INC	130,739	$1.02M	0.2%	—	—	COM	296689102
CNO	CNO FINL GROUP INC	46,789	$1.014M	0.2%	—	—	COM	12621E103
GOOGL	ALPHABET INC	935	$970K	0.2%	—	—	CAP STK CL A	02079K305
THG	HANOVER INS GROUP IN	8,158	$962K	0.2%	—	—	COM	410867105
HAL	HALLIBURTON CO	20,308	$953K	0.2%	—	—	COM	406216101
EIX	EDISON INTL	14,863	$946K	0.2%	—	—	COM	281020107
—	GRANITE REAL ESTATE	23,500	$928K	0.2%	—	—	UNIT 99/99/9999	387437114
NSIT	INSIGHT ENTERPRISES	26,146	$913K	0.2%	—	—	COM	45765U103
—	APOLLO GLOBAL MGMT L	29,700	$880K	0.2%	—	—	CL A SHS	037612306
—	TUPPERWARE BRANDS CO	18,100	$876K	0.2%	—	—	COM	899896104
—	SYNOVUS FINL CORP	17,413	$870K	0.2%	—	—	COM NEW	87161C501
—	FIRST MIDWEST BANCOR	33,701	$829K	0.2%	—	—	COM	320867104
—	ELECTRUM SPL ACQUISI	78,949	$819K	0.2%	—	—	SHS	G3105C104
—	TCF FINL CORP	35,599	$812K	0.2%	—	—	COM	872275102
GTLS	CHART INDS INC	13,698	$809K	0.2%	—	—	COM PAR $0.01	16115Q308
SAIC	SCIENCE APPLICATNS I	9,900	$780K	0.2%	—	—	COM	808625107
NG	NOVAGOLD RES INC	178,982	$775K	0.2%	—	—	COM NEW	66987E206
—	FUELCELL ENERGY INC	439,851	$761K	0.2%	—	—	COM NEW	35952H502
ENVA	ENOVA INTL INC	34,457	$760K	0.2%	—	—	COM	29357K103
—	LYON WILLIAM HOMES	25,998	$715K	0.2%	—	—	CL A NEW	552074700
—	VALIDUS HOLDINGS LTD	9,831	$663K	0.1%	—	—	COM SHS	G9319H102
ACH	OWENS & MINOR INC NE	41,472	$645K	0.1%	—	—	COM	690732102
EZPW	EZCORP INC	47,500	$627K	0.1%	—	—	CL A NON VTG	302301106
—	SOUTH ST CORP	7,341	$626K	0.1%	—	—	COM	840441109
—	GOVERNMENT PPTYS INC	45,214	$618K	0.1%	—	—	COM SHS BEN INT	38376A103
KALU	KAISER ALUMINUM CORP	6,100	$615K	0.1%	—	—	COM PAR $0.01	483007704
EVTC	EVERTEC INC	36,408	$595K	0.1%	—	—	COM	30040P103
—	PLY GEM HLDGS INC	26,734	$577K	0.1%	—	—	COM	72941W100
—	HOEGH LNG PARTNERS L	30,967	$502K	0.1%	—	—	COM UNIT LTD	Y3262R100
—	GREAT PLAINS ENERGY	15,700	$499K	0.1%	—	—	COM	391164100
—	TEEKAY TANKERS LTD	418,650	$498K	0.1%	—	—	CL A	Y8565N102
—	WESCO AIRCRAFT HLDGS	45,770	$469K	0.1%	—	—	COM	950814103
—	BRIGHTSPHERE INVESTM	28,733	$453K	0.1%	—	—	SHS	G1644T109
—	MACQUARIE INFRASTRUC	11,910	$440K	0.1%	—	—	COM	55608B105
—	SUPERIOR ENERGY SVCS	50,985	$430K	0.1%	—	—	COM	868157108
WMB	WILLIAMS COS INC DEL	17,070	$424K	0.1%	—	—	COM	969457100
—	MONSANTO CO NEW	3,560	$415K	0.1%	—	—	COM	61166W101
—	ARRIS INTL INC	15,616	$415K	0.1%	—	—	SHS	G0551A103
POR	PORTLAND GEN ELEC CO	10,200	$413K	0.1%	—	—	COM NEW	736508847
CRS	CARPENTER TECHNOLOGY	8,936	$394K	0.1%	—	—	COM	144285103
WMT	WALMART INC	4,373	$389K	0.1%	—	—	COM	931142103
—	KAPSTONE PAPER & PAC	11,231	$385K	0.1%	—	—	COM	48562P103
NVRI	HARSCO CORP	18,600	$384K	0.1%	—	—	COM	415864107
—	ATLANTIC CAP BANCSHA	19,374	$351K	0.1%	—	—	COM	048269203
DRH	DIAMONDROCK HOSPITAL	33,571	$350K	0.1%	—	—	COM	252784301
CNMD	CONMED CORP	5,503	$349K	0.1%	—	—	COM	207410101
—	MICRO FOCUS INTERNAT	20,248	$284K	0.1%	—	—	SPON ADR NEW	594837304
TTI	TETRA TECHNOLOGIES I	71,600	$269K	0.1%	—	—	COM	88162F105
MLR	MILLER INDS INC TENN	10,727	$268K	0.1%	—	—	COM NEW	600551204
NNI	NELNET INC	4,800	$252K	0.1%	—	—	CL A	64031N108
FBNC	FIRST BANCORP N C	6,839	$244K	0.1%	—	—	COM	318910106
THC	TENET HEALTHCARE COR	9,725	$236K	0.1%	—	—	COM NEW	88033G407
—	ENSCO PLC	47,800	$210K	0.0%	—	—	SHS CLASS A	G3157S106
GNW	GENWORTH FINL INC	62,650	$177K	0.0%	—	—	COM CL A	37247D106
—	CATCHMARK TIMBER TR	13,960	$174K	0.0%	—	—	CL A	14912Y202
—	ARC DOCUMENT SOLUTIO	47,823	$105K	0.0%	—	—	COM	00191G103
—	ELECTRUM SPL ACQUISI	78,949	$27,000	0.0%	—	—	W EXP 06/16/202	G3105C112