Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	214,000	$24.13M	5.0%	—	—	GOLD SHS	78463V107
MSFT	MICROSOFT CORP	125,900	$14.4M	3.0%	—	—	COM	594918104
C	CITIGROUP INC	200,641	$14.39M	3.0%	—	—	COM NEW	172967424
GM	GENERAL MTRS CO	365,255	$12.3M	2.5%	—	—	COM	37045V100
—	UNION BANKSHARES COR	313,649	$12.09M	2.5%	—	—	COM	90539J109
MC	MOELIS & CO	218,337	$11.96M	2.5%	—	—	CL A	60786M105
JPM	JPMORGAN CHASE & CO	96,264	$10.86M	2.2%	—	—	COM	46625H100
—	AETNA INC NEW	48,300	$9.798M	2.0%	—	—	COM	00817Y108
ORCL	ORACLE CORP	184,075	$9.491M	2.0%	—	—	COM	68389X105
CSCO	CISCO SYS INC	171,600	$8.348M	1.7%	—	—	COM	17275R102
LNC	LINCOLN NATL CORP IN	122,600	$8.295M	1.7%	—	—	COM	534187109
PFE	PFIZER INC	186,491	$8.219M	1.7%	—	—	COM	717081103
CMCSA	COMCAST CORP NEW	227,600	$8.059M	1.7%	—	—	CL A	20030N101
—	DOWDUPONT INC	112,439	$7.231M	1.5%	—	—	COM	26078J100
—	COVANTA HLDG CORP	419,739	$6.821M	1.4%	—	—	COM	22282E102
LYB	LYONDELLBASELL INDUS	64,200	$6.581M	1.4%	—	—	SHS - A -	N53745100
GOOG	ALPHABET INC	5,300	$6.325M	1.3%	—	—	CAP STK CL C	02079K107
URI	UNITED RENTALS INC	37,000	$6.053M	1.3%	—	—	COM	911363109
FDX	FEDEX CORP	25,100	$6.044M	1.2%	—	—	COM	31428X106
DAL	DELTA AIR LINES INC	98,440	$5.693M	1.2%	—	—	COM NEW	247361702
BAC	BANK AMER CORP	192,682	$5.676M	1.2%	—	—	COM	060505104
KMI	KINDER MORGAN INC DE	315,000	$5.585M	1.2%	—	—	COM	49456B101
WDC	WESTERN DIGITAL CORP	95,000	$5.561M	1.1%	—	—	COM	958102105
NEAR	ISHARES US ETF TR	100,000	$5.019M	1.0%	—	—	SHT MAT BD ETF	46431W507
EOG	EOG RES INC	38,000	$4.848M	1.0%	—	—	COM	26875P101
—	PIONEER NAT RES CO	26,800	$4.668M	1.0%	—	—	COM	723787107
MPC	MARATHON PETE CORP	55,000	$4.398M	0.9%	—	—	COM	56585A102
DHI	D R HORTON INC	104,200	$4.395M	0.9%	—	—	COM	23331A109
TRV	TRAVELERS COMPANIES	33,000	$4.28M	0.9%	—	—	COM	89417E109
—	CIGNA CORPORATION	20,000	$4.165M	0.9%	—	—	COM	125509109
GOOGL	ALPHABET INC	3,435	$4.146M	0.9%	—	—	CAP STK CL A	02079K305
CSX	CSX CORP	55,000	$4.073M	0.8%	—	—	COM	126408103
GLW	CORNING INC	107,935	$3.81M	0.8%	—	—	COM	219350105
—	WPX ENERGY INC	186,500	$3.752M	0.8%	—	—	COM	98212B103
ADI	ANALOG DEVICES INC	40,000	$3.698M	0.8%	—	—	COM	032654105
VNO	VORNADO RLTY TR	50,515	$3.688M	0.8%	—	—	SH BEN INT	929042109
—	HESS CORP	50,250	$3.597M	0.7%	—	—	COM	42809H107
ADNT	ADIENT PLC	90,000	$3.538M	0.7%	—	—	ORD SHS	G0084W101
WTW	WILLIS TOWERS WATSON	25,000	$3.524M	0.7%	—	—	SHS	G96629103
AVT	AVNET INC	72,961	$3.266M	0.7%	—	—	COM	053807103
AXS	AXIS CAPITAL HOLDING	56,140	$3.24M	0.7%	—	—	SHS	G0692U109
LEN	LENNAR CORP	68,000	$3.175M	0.7%	—	—	CL A	526057104
R	RYDER SYS INC	43,424	$3.173M	0.7%	—	—	COM	783549108
LKQ	LKQ CORP	100,000	$3.167M	0.7%	—	—	COM	501889208
AER	AERCAP HOLDINGS NV	55,000	$3.164M	0.7%	—	—	SHS	N00985106
VZ	VERIZON COMMUNICATIO	58,715	$3.135M	0.6%	—	—	COM	92343V104
TXT	TEXTRON INC	43,500	$3.109M	0.6%	—	—	COM	883203101
COF	CAPITAL ONE FINL COR	31,827	$3.021M	0.6%	—	—	COM	14040H105
OMC	OMNICOM GROUP INC	43,760	$2.977M	0.6%	—	—	COM	681919106
JELD	JELD-WEN HLDG INC	119,474	$2.946M	0.6%	—	—	COM	47580P103
F	FORD MTR CO DEL	316,162	$2.924M	0.6%	—	—	COM PAR $0.01	345370860
EIX	EDISON INTL	41,892	$2.835M	0.6%	—	—	COM	281020107
—	MYLAN N V	77,142	$2.823M	0.6%	—	—	SHS EURO	N59465109
CMTL	COMTECH TELECOMMUNIC	77,219	$2.801M	0.6%	—	—	COM NEW	205826209
IP	INTL PAPER CO	55,795	$2.742M	0.6%	—	—	COM	460146103
—	XEROX CORP	100,952	$2.724M	0.6%	—	—	COM NEW	984121608
MD	MEDNAX INC	57,979	$2.705M	0.6%	—	—	COM	58502B106
—	ROYAL DUTCH SHELL PL	39,443	$2.688M	0.6%	—	—	SPONS ADR A	780259206
MET	METLIFE INC	57,490	$2.686M	0.6%	—	—	COM	59156R108
FLEX	FLEX LTD	200,000	$2.624M	0.5%	—	—	ORD	Y2573F102
—	ATHENE HLDG LTD	50,000	$2.583M	0.5%	—	—	CL A	G0684D107
CTSH	COGNIZANT TECHNOLOGY	33,367	$2.574M	0.5%	—	—	CL A	192446102
TEX	TEREX CORP NEW	64,142	$2.56M	0.5%	—	—	COM	880779103
DOV	DOVER CORP	28,836	$2.553M	0.5%	—	—	COM	260003108
KBR	KBR INC	120,525	$2.547M	0.5%	—	—	COM	48242W106
—	TWENTY FIRST CENTY F	53,705	$2.461M	0.5%	—	—	CL B	90130A200
HPE	HEWLETT PACKARD ENTE	150,554	$2.456M	0.5%	—	—	COM	42824C109
—	DISH NETWORK CORP	67,908	$2.428M	0.5%	—	—	CL A	25470M109
AIG	AMERICAN INTL GROUP	45,499	$2.422M	0.5%	—	—	COM NEW	026874784
MUR	MURPHY OIL CORP	71,193	$2.374M	0.5%	—	—	COM	626717102
DLTR	DOLLAR TREE INC	29,042	$2.368M	0.5%	—	—	COM	256746108
MS	MORGAN STANLEY	49,734	$2.316M	0.5%	—	—	COM NEW	617446448
MCK	MCKESSON CORP	17,133	$2.273M	0.5%	—	—	COM	58155Q103
VOYA	VOYA FINL INC	44,636	$2.217M	0.5%	—	—	COM	929089100
—	FGL HLDGS	247,557	$2.216M	0.5%	—	—	ORD SHS	G3402M102
WFC	WELLS FARGO CO NEW	42,147	$2.215M	0.5%	—	—	COM	949746101
AMGN	AMGEN INC	10,030	$2.079M	0.4%	—	—	COM	031162100
CVE	CENOVUS ENERGY INC	205,929	$2.069M	0.4%	—	—	COM	15135U109
ETN	EATON CORP PLC	22,100	$1.917M	0.4%	—	—	SHS	G29183103
—	CVR PARTNERS LP	502,664	$1.915M	0.4%	—	—	COM	126633106
NG	NOVAGOLD RES INC	509,124	$1.889M	0.4%	—	—	COM NEW	66987E206
—	AXA EQUITABLE HLDGS	84,525	$1.813M	0.4%	—	—	COM	054561105
BEN	FRANKLIN RES INC	59,515	$1.81M	0.4%	—	—	COM	354613101
GS	GOLDMAN SACHS GROUP	7,949	$1.782M	0.4%	—	—	COM	38141G104
—	NATIONAL OILWELL VAR	40,490	$1.744M	0.4%	—	—	COM	637071101
—	FOREST CITY RLTY TR	68,000	$1.706M	0.4%	—	—	COM CL A	345605109
—	BARRICK GOLD CORP	150,595	$1.669M	0.3%	—	—	COM	067901108
—	ACTIVISION BLIZZARD	20,000	$1.664M	0.3%	—	—	COM	00507V109
—	ANIXTER INTL INC	22,692	$1.595M	0.3%	—	—	COM	035290105
UBS	UBS GROUP AG	100,375	$1.585M	0.3%	—	—	SHS	H42097107
NRG	NRG ENERGY INC	42,341	$1.584M	0.3%	—	—	COM NEW	629377508
—	ACTUANT CORP	55,925	$1.56M	0.3%	—	—	CL A NEW	00508X203
PBI	PITNEY BOWES INC	218,965	$1.55M	0.3%	—	—	COM	724479100
TRS	TRIMAS CORP	50,882	$1.547M	0.3%	—	—	COM NEW	896215209
T	AT&T INC	46,014	$1.545M	0.3%	—	—	COM	00206R102
USFD	US FOODS HLDG CORP	50,000	$1.541M	0.3%	—	—	COM	912008109
PCG	PG&E CORP	33,410	$1.537M	0.3%	—	—	COM	69331C108
HAL	HALLIBURTON CO	37,565	$1.523M	0.3%	—	—	COM	406216101
UVV	UNIVERSAL CORP VA	23,364	$1.519M	0.3%	—	—	COM	913456109
BKD	BROOKDALE SR LIVING	153,740	$1.511M	0.3%	—	—	COM	112463104
—	MASONITE INTL CORP N	23,464	$1.504M	0.3%	—	—	COM	575385109
FHN	FIRST HORIZON NATL C	86,700	$1.496M	0.3%	—	—	COM	320517105
ASB	ASSOCIATED BANC CORP	55,074	$1.432M	0.3%	—	—	COM	045487105
FCNCA	FIRST CTZNS BANCSHAR	3,145	$1.422M	0.3%	—	—	CL A	31946M103
NXPI	NXP SEMICONDUCTORS N	16,608	$1.42M	0.3%	—	—	COM	N6596X109
CAT	CATERPILLAR INC DEL	9,205	$1.404M	0.3%	—	—	COM	149123101
HCA	HCA HEALTHCARE INC	10,000	$1.391M	0.3%	—	—	COM	40412C101
XOM	EXXON MOBIL CORP	16,243	$1.381M	0.3%	—	—	COM	30231G102
BP	BP PLC	29,281	$1.35M	0.3%	—	—	SPONSORED ADR	055622104
AAL	AMERICAN AIRLS GROUP	32,400	$1.339M	0.3%	—	—	COM	02376R102
NWL	NEWELL BRANDS INC	65,004	$1.32M	0.3%	—	—	COM	651229106
KO	COCA COLA CO	28,500	$1.316M	0.3%	—	—	COM	191216100
KKR	KKR & CO INC	47,793	$1.303M	0.3%	—	—	CL A	48251W104
—	ASPEN INSURANCE HOLD	30,746	$1.285M	0.3%	—	—	SHS	G05384105
VRTS	VIRTUS INVT PARTNERS	10,985	$1.25M	0.3%	—	—	COM	92828Q109
IOSP	INNOSPEC INC	16,217	$1.245M	0.3%	—	—	COM	45768S105
HOPE	HOPE BANCORP INC	75,746	$1.225M	0.3%	—	—	COM	43940T109
ROCK	GIBRALTAR INDS INC	26,276	$1.198M	0.2%	—	—	COM	374689107
—	STEELCASE INC	63,296	$1.171M	0.2%	—	—	CL A	858155203
NSIT	INSIGHT ENTERPRISES	21,576	$1.167M	0.2%	—	—	COM	45765U103
SCSC	SCANSOURCE INC	28,945	$1.155M	0.2%	—	—	COM	806037107
—	CELESTICA INC	103,137	$1.117M	0.2%	—	—	SUB VTG SHS	15101Q108
—	ESSENDANT INC	87,059	$1.116M	0.2%	—	—	COM	296689102
ACM	AECOM	32,202	$1.052M	0.2%	—	—	COM	00766T100
—	AMERICAN EQTY INVT L	28,585	$1.011M	0.2%	—	—	COM	025676206
—	GRANITE REAL ESTATE	23,400	$1.004M	0.2%	—	—	UNIT 99/99/9999	387437114
CNO	CNO FINL GROUP INC	46,789	$993K	0.2%	—	—	COM	12621E103
CAR	AVIS BUDGET GROUP	30,186	$970K	0.2%	—	—	COM	053774105
NWSA	NEWS CORP NEW	73,225	$966K	0.2%	—	—	CL A	65249B109
TECK	TECK RESOURCES LTD	39,780	$959K	0.2%	—	—	CL B	878742204
—	ARGO GROUP INTL HLDG	14,934	$942K	0.2%	—	—	COM	G0464B107
—	NAVIGANT CONSULTING	40,304	$929K	0.2%	—	—	COM	63935N107
WBS	WEBSTER FINL CORP CO	15,337	$904K	0.2%	—	—	COM	947890109
OXY	OCCIDENTAL PETE CORP	10,855	$892K	0.2%	—	—	COM	674599105
—	ANADARKO PETE CORP	13,040	$879K	0.2%	—	—	COM	032511107
THG	HANOVER INS GROUP IN	7,009	$865K	0.2%	—	—	COM	410867105
—	TCF FINL CORP	35,599	$848K	0.2%	—	—	COM	872275102
GLNG	GOLAR LNG LTD BERMUD	29,753	$827K	0.2%	—	—	SHS	G9456A100
—	FIRST MIDWEST BANCOR	30,292	$805K	0.2%	—	—	COM	320867104
SAIC	SCIENCE APPLICATNS I	9,100	$733K	0.2%	—	—	COM	808625107
—	WESCO AIRCRAFT HLDGS	62,470	$703K	0.1%	—	—	COM	950814103
—	REALOGY HLDGS CORP	33,560	$693K	0.1%	—	—	COM	75605Y106
—	SYNOVUS FINL CORP	14,610	$669K	0.1%	—	—	COM NEW	87161C501
KALU	KAISER ALUMINUM CORP	6,100	$665K	0.1%	—	—	COM PAR $0.01	483007704
ENVA	ENOVA INTL INC	22,857	$658K	0.1%	—	—	COM	29357K103
—	TUPPERWARE BRANDS CO	18,600	$622K	0.1%	—	—	COM	899896104
—	TRIPLE-S MGMT CORP	32,828	$620K	0.1%	—	—	CL B	896749108
—	FUELCELL ENERGY INC	570,025	$610K	0.1%	—	—	COM NEW	35952H502
—	SOUTH ST CORP	7,341	$602K	0.1%	—	—	COM	840441109
EZPW	EZCORP INC	53,600	$574K	0.1%	—	—	CL A NON VTG	302301106
—	HOEGH LNG PARTNERS L	30,967	$568K	0.1%	—	—	COM UNIT LTD	Y3262R100
—	CHESAPEAKE ENERGY CO	124,800	$560K	0.1%	—	—	COM	165167107
—	HIGHPOINT RES CORP	110,200	$538K	0.1%	—	—	COM	43114K108
EVRG	EVERGY INC	9,390	$516K	0.1%	—	—	COM	30034W106
—	GOVERNMENT PPTYS INC	45,214	$510K	0.1%	—	—	COM SHS BEN INT	38376A103
—	SUPERIOR ENERGY SVCS	51,985	$506K	0.1%	—	—	COM	868157108
—	ARRIS INTL INC	18,916	$492K	0.1%	—	—	SHS	G0551A103
—	HANGER INC	20,700	$492K	0.1%	—	—	COM NEW	41043F208
CRS	CARPENTER TECHNOLOGY	8,036	$474K	0.1%	—	—	COM	144285103
POR	PORTLAND GEN ELEC CO	10,200	$465K	0.1%	—	—	COM NEW	736508847
WMB	WILLIAMS COS INC DEL	17,070	$464K	0.1%	—	—	COM	969457100
EVTC	EVERTEC INC	18,162	$438K	0.1%	—	—	COM	30040P103
CNMD	CONMED CORP	5,503	$436K	0.1%	—	—	COM	207410101
—	KAPSTONE PAPER & PAC	12,731	$432K	0.1%	—	—	COM	48562P103
—	LYON WILLIAM HOMES	26,898	$427K	0.1%	—	—	CL A NEW	552074700
—	TEEKAY TANKERS LTD	418,650	$414K	0.1%	—	—	CL A	Y8565N102
DRH	DIAMONDROCK HOSPITAL	33,571	$392K	0.1%	—	—	COM	252784301
THC	TENET HEALTHCARE COR	13,625	$388K	0.1%	—	—	COM NEW	88033G407
—	BRIGHTSPHERE INVESTM	28,733	$356K	0.1%	—	—	SHS	G1644T109
—	ATLANTIC CAP BANCSHA	19,374	$325K	0.1%	—	—	COM	048269203
—	ENSCO PLC	36,800	$311K	0.1%	—	—	SHS CLASS A	G3157S106
MLR	MILLER INDS INC TENN	10,927	$294K	0.1%	—	—	COM NEW	600551204
FBNC	FIRST BANCORP N C	6,839	$277K	0.1%	—	—	COM	318910106
—	MACQUARIE INFRASTRUC	5,955	$275K	0.1%	—	—	COM	55608B105
NNI	NELNET INC	4,800	$274K	0.1%	—	—	CL A	64031N108
—	REV GROUP INC	17,192	$270K	0.1%	—	—	COM	749527107
TTI	TETRA TECHNOLOGIES I	55,300	$249K	0.1%	—	—	COM	88162F105
—	CATCHMARK TIMBER TR	13,960	$160K	0.0%	—	—	CL A	14912Y202
—	ARC DOCUMENT SOLUTIO	47,823	$136K	0.0%	—	—	COM	00191G103