Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	166,500	$22.3M	4.6%	—	—	COM	594918104
JPM	JPMORGAN CHASE & CO	170,364	$19.05M	4.0%	—	—	COM	46625H100
C	CITIGROUP INC	206,289	$14.45M	3.0%	—	—	COM NEW	172967424
KMI	KINDER MORGAN INC DE	500,000	$10.44M	2.2%	—	—	COM	49456B101
CI	CIGNA CORP NEW	65,500	$10.32M	2.1%	—	—	COM	125523100
LYB	LYONDELLBASELL INDUS	112,200	$9.664M	2.0%	—	—	SHS - A -	N53745100
MPC	MARATHON PETE CORP	170,000	$9.5M	2.0%	—	—	COM	56585A102
BAC	BANK AMER CORP	325,173	$9.43M	2.0%	—	—	COM	060505104
ORCL	ORACLE CORP	151,834	$8.65M	1.8%	—	—	COM	68389X105
UNH	UNITEDHEALTH GROUP I	33,000	$8.052M	1.7%	—	—	COM	91324P102
DIS	DISNEY WALT CO	56,819	$7.934M	1.6%	—	—	COM DISNEY	254687106
CSCO	CISCO SYS INC	143,300	$7.843M	1.6%	—	—	COM	17275R102
PFE	PFIZER INC	175,358	$7.597M	1.6%	—	—	COM	717081103
GM	GENERAL MTRS CO	195,255	$7.523M	1.6%	—	—	COM	37045V100
WDC	WESTERN DIGITAL CORP	145,000	$6.895M	1.4%	—	—	COM	958102105
HCA	HCA HEALTHCARE INC	50,000	$6.759M	1.4%	—	—	COM	40412C101
—	COVANTA HLDG CORP	356,779	$6.39M	1.3%	—	—	COM	22282E102
CMCSA	COMCAST CORP NEW	150,000	$6.342M	1.3%	—	—	CL A	20030N101
ARMK	ARAMARK	175,000	$6.311M	1.3%	—	—	COM	03852U106
GOOG	ALPHABET INC	5,300	$5.729M	1.2%	—	—	CAP STK CL C	02079K107
DAL	DELTA AIR LINES INC	98,440	$5.586M	1.2%	—	—	COM NEW	247361702
USFD	US FOODS HLDG CORP	155,000	$5.543M	1.2%	—	—	COM	912008109
—	JACOBS ENGR GROUP IN	65,000	$5.485M	1.1%	—	—	COM	469814107
LNG	CHENIERE ENERGY INC	75,000	$5.134M	1.1%	—	—	COM NEW	16411R208
NEAR	ISHARES US ETF TR	100,000	$5.033M	1.0%	—	—	SHT MAT BD ETF	46431W507
BMY	BRISTOL MYERS SQUIBB	110,000	$4.989M	1.0%	—	—	COM	110122108
DD	DUPONT DE NEMOURS IN	65,040	$4.883M	1.0%	—	—	COM	26614N102
ADI	ANALOG DEVICES INC	40,000	$4.515M	0.9%	—	—	COM	032654105
—	HESS CORP	70,041	$4.453M	0.9%	—	—	COM	42809H107
WAB	WABTEC CORP	60,117	$4.314M	0.9%	—	—	COM	929740108
GOOGL	ALPHABET INC	3,935	$4.261M	0.9%	—	—	CAP STK CL A	02079K305
CSX	CSX CORP	55,000	$4.255M	0.9%	—	—	COM	126408103
—	PIONEER NAT RES CO	26,800	$4.123M	0.9%	—	—	COM	723787107
—	BLACKSTONE GROUP L P	92,000	$4.087M	0.8%	—	—	COM UNIT LTD	09253U108
MSI	MOTOROLA SOLUTIONS I	22,900	$3.818M	0.8%	—	—	COM NEW	620076307
JELD	JELD-WEN HLDG INC	175,961	$3.736M	0.8%	—	—	COM	47580P103
LNC	LINCOLN NATL CORP IN	56,500	$3.641M	0.8%	—	—	COM	534187109
DHI	D R HORTON INC	83,800	$3.614M	0.8%	—	—	COM	23331A109
EOG	EOG RES INC	38,000	$3.54M	0.7%	—	—	COM	26875P101
AIG	AMERICAN INTL GROUP	66,361	$3.536M	0.7%	—	—	COM NEW	026874784
OXY	OCCIDENTAL PETE CORP	69,248	$3.482M	0.7%	—	—	COM	674599105
CPS	COOPER STD HLDGS INC	74,875	$3.431M	0.7%	—	—	COM	21676P103
BA	BOEING CO	9,400	$3.422M	0.7%	—	—	COM	097023105
TRV	TRAVELERS COMPANIES	22,600	$3.379M	0.7%	—	—	COM	89417E109
LEA	LEAR CORP	24,150	$3.363M	0.7%	—	—	COM NEW	521865204
VZ	VERIZON COMMUNICATIO	58,715	$3.354M	0.7%	—	—	COM	92343V104
AVT	AVNET INC	72,961	$3.303M	0.7%	—	—	COM	053807103
KBR	KBR INC	131,551	$3.281M	0.7%	—	—	COM	48242W106
R	RYDER SYS INC	56,102	$3.271M	0.7%	—	—	COM	783549108
COF	CAPITAL ONE FINL COR	35,943	$3.261M	0.7%	—	—	COM	14040H105
VNO	VORNADO RLTY TR	50,515	$3.238M	0.7%	—	—	SH BEN INT	929042109
URI	UNITED RENTALS INC	24,100	$3.196M	0.7%	—	—	COM	911363109
—	UNITED TECHNOLOGIES	24,300	$3.164M	0.7%	—	—	COM	913017109
MCK	MCKESSON CORP	22,952	$3.085M	0.6%	—	—	COM	58155Q103
NG	NOVAGOLD RES INC	509,124	$3.009M	0.6%	—	—	COM NEW	66987E206
—	GARDNER DENVER HLDGS	85,000	$2.941M	0.6%	—	—	COM	36555P107
HAL	HALLIBURTON CO	128,869	$2.93M	0.6%	—	—	COM	406216101
—	NATIONAL OILWELL VAR	130,318	$2.897M	0.6%	—	—	COM	637071101
—	AON PLC	15,000	$2.895M	0.6%	—	—	SHS CL A	G0408V102
MET	METLIFE INC	57,490	$2.856M	0.6%	—	—	COM	59156R108
OMC	OMNICOM GROUP INC	34,457	$2.824M	0.6%	—	—	COM	681919106
TEX	TEREX CORP NEW	84,765	$2.662M	0.6%	—	—	COM	880779103
AXS	AXIS CAPITAL HOLDING	44,335	$2.645M	0.5%	—	—	SHS	G0692U109
LEN	LENNAR CORP	52,000	$2.52M	0.5%	—	—	CL A	526057104
F	FORD MTR CO DEL	244,808	$2.504M	0.5%	—	—	COM	345370860
WFC	WELLS FARGO CO NEW	52,463	$2.483M	0.5%	—	—	COM	949746101
TMUS	T MOBILE US INC	33,000	$2.447M	0.5%	—	—	COM	872590104
EIX	EDISON INTL	36,162	$2.438M	0.5%	—	—	COM	281020107
IP	INTL PAPER CO	55,795	$2.417M	0.5%	—	—	COM	460146103
UNP	UNION PACIFIC CORP	14,200	$2.401M	0.5%	—	—	COM	907818108
—	BARRICK GOLD CORPORA	150,595	$2.375M	0.5%	—	—	COM	067901108
AAPL	APPLE INC	11,500	$2.276M	0.5%	—	—	COM	037833100
HPE	HEWLETT PACKARD ENTE	150,554	$2.251M	0.5%	—	—	COM	42824C109
MS	MORGAN STANLEY	49,734	$2.179M	0.5%	—	—	COM NEW	617446448
CMTL	COMTECH TELECOMMUNIC	77,219	$2.171M	0.5%	—	—	COM NEW	205826209
GLW	CORNING INC	65,110	$2.164M	0.4%	—	—	COM	219350105
—	WPX ENERGY INC	186,500	$2.147M	0.4%	—	—	COM	98212B103
PVH	PVH CORP	22,443	$2.124M	0.4%	—	—	COM	693656100
CTSH	COGNIZANT TECHNOLOGY	33,367	$2.115M	0.4%	—	—	CL A	192446102
—	AXA EQUITABLE HLDGS	99,445	$2.078M	0.4%	—	—	COM	054561105
—	CVR PARTNERS LP	502,664	$2.056M	0.4%	—	—	COM	126633106
ACM	AECOM	53,459	$2.023M	0.4%	—	—	COM	00766T100
CTVA	CORTEVA INC	65,040	$1.923M	0.4%	—	—	COM	22052L104
SWK	STANLEY BLACK & DECK	12,866	$1.861M	0.4%	—	—	COM	854502101
CNO	CNO FINL GROUP INC	111,359	$1.857M	0.4%	—	—	COM	12621E103
ETN	EATON CORP PLC	22,100	$1.84M	0.4%	—	—	SHS	G29183103
NWL	NEWELL BRANDS INC	119,068	$1.836M	0.4%	—	—	COM	651229106
CVE	CENOVUS ENERGY INC	205,929	$1.816M	0.4%	—	—	COM	15135U109
KHC	KRAFT HEINZ CO	58,365	$1.812M	0.4%	—	—	COM	500754106
—	XEROX CORP	50,764	$1.798M	0.4%	—	—	COM NEW	984121608
—	ATHENE HLDG LTD	41,700	$1.796M	0.4%	—	—	CL A	G0684D107
VOYA	VOYA FINL INC	32,300	$1.786M	0.4%	—	—	COM	929089100
GS	GOLDMAN SACHS GROUP	7,949	$1.626M	0.3%	—	—	COM	38141G104
VST	VISTRA ENERGY CORP	70,900	$1.605M	0.3%	—	—	COM	92840M102
T	AT&T INC	46,014	$1.542M	0.3%	—	—	COM	00206R102
—	ACTUANT CORP	58,198	$1.444M	0.3%	—	—	CL A NEW	00508X203
FCNCA	FIRST CTZNS BANCSHAR	3,145	$1.416M	0.3%	—	—	CL A	31946M103
FHN	FIRST HORIZON NATL C	92,300	$1.378M	0.3%	—	—	COM	320517105
—	ANIXTER INTL INC	22,692	$1.355M	0.3%	—	—	COM	035290105
ELAN	ELANCO ANIMAL HEALTH	39,200	$1.325M	0.3%	—	—	COM	28414H103
—	WESCO AIRCRAFT HLDGS	119,070	$1.322M	0.3%	—	—	COM	950814103
—	REV GROUP INC	90,520	$1.304M	0.3%	—	—	COM	749527107
—	MYLAN N V	68,171	$1.298M	0.3%	—	—	SHS EURO	N59465109
CAR	AVIS BUDGET GROUP IN	36,386	$1.279M	0.3%	—	—	COM	053774105
—	ROYAL DUTCH SHELL PL	19,490	$1.268M	0.3%	—	—	SPONS ADR A	780259206
UVV	UNIVERSAL CORP VA	20,835	$1.266M	0.3%	—	—	COM	913456109
CAT	CATERPILLAR INC DEL	9,205	$1.255M	0.3%	—	—	COM	149123101
—	MASONITE INTL CORP N	23,464	$1.236M	0.3%	—	—	COM	575385109
KKR	KKR & CO INC	47,793	$1.208M	0.3%	—	—	CL A	48251W104
UBS	UBS GROUP AG	100,375	$1.193M	0.2%	—	—	SHS	H42097107
ASB	ASSOCIATED BANC CORP	55,074	$1.164M	0.2%	—	—	COM	045487105
XOM	EXXON MOBIL CORP	14,998	$1.149M	0.2%	—	—	COM	30231G102
SCSC	SCANSOURCE INC	34,503	$1.123M	0.2%	—	—	COM	806037107
TRS	TRIMAS CORP	36,078	$1.117M	0.2%	—	—	COM NEW	896215209
ROCK	GIBRALTAR INDS INC	26,963	$1.088M	0.2%	—	—	COM	374689107
KO	COCA COLA CO	21,375	$1.088M	0.2%	—	—	COM	191216100
HOPE	HOPE BANCORP INC	75,746	$1.044M	0.2%	—	—	COM	43940T109
VRTS	VIRTUS INVT PARTNERS	9,685	$1.04M	0.2%	—	—	COM	92828Q109
PBI	PITNEY BOWES INC	240,782	$1.031M	0.2%	—	—	COM	724479100
GLNG	GOLAR LNG LTD BERMUD	55,553	$1.027M	0.2%	—	—	SHS	G9456A100
VREX	VAREX IMAGING CORP	31,324	$960K	0.2%	—	—	COM	92214X106
—	C&J ENERGY SVCS INC	80,861	$953K	0.2%	—	—	COM	12674R100
GIL	GILDAN ACTIVEWEAR IN	24,584	$951K	0.2%	—	—	COM	375916103
ENVA	ENOVA INTL INC	41,157	$949K	0.2%	—	—	COM	29357K103
PSX	PHILLIPS 66	10,000	$935K	0.2%	—	—	COM	718546104
—	GRANITE REAL ESTATE	19,800	$904K	0.2%	—	—	UNIT 99/99/9999	387437114
SAIC	SCIENCE APPLICATNS I	10,200	$883K	0.2%	—	—	COM	808625107
—	CELESTICA INC	129,082	$882K	0.2%	—	—	SUB VTG SHS	15101Q108
WBS	WEBSTER FINL CORP CO	18,263	$872K	0.2%	—	—	COM	947890109
—	AERIE PHARMACEUTICAL	29,431	$870K	0.2%	—	—	COM	00771V108
SPB	SPECTRUM BRANDS HLDG	16,023	$862K	0.2%	—	—	COM	84790A105
—	SYNOVUS FINL CORP	23,809	$833K	0.2%	—	—	COM NEW	87161C501
—	FIRST MIDWEST BANCOR	40,260	$824K	0.2%	—	—	COM	320867104
IOSP	INNOSPEC INC	9,017	$823K	0.2%	—	—	COM	45768S105
BKD	BROOKDALE SR LIVING	113,513	$818K	0.2%	—	—	COM	112463104
FARM	FARMER BROS CO	49,617	$812K	0.2%	—	—	COM	307675108
—	TRIPLE-S MGMT CORP	34,053	$812K	0.2%	—	—	CL B	896749108
EZPW	EZCORP INC	83,800	$794K	0.2%	—	—	CL A NON VTG	302301106
—	AMERICAN EQTY INVT L	28,585	$776K	0.2%	—	—	COM	025676206
MUR	MURPHY OIL CORP	31,414	$774K	0.2%	—	—	COM	626717102
—	DISH NETWORK CORP	19,688	$756K	0.2%	—	—	CL A	25470M109
—	TCF FINL CORP	35,599	$740K	0.2%	—	—	COM	872275102
WSFS	WSFS FINL CORP	17,269	$713K	0.1%	—	—	COM	929328102
MPAA	MOTORCAR PTS AMER IN	32,399	$694K	0.1%	—	—	COM	620071100
KALU	KAISER ALUMINUM CORP	6,300	$615K	0.1%	—	—	COM PAR $0.01	483007704
POR	PORTLAND GEN ELEC CO	10,700	$580K	0.1%	—	—	COM NEW	736508847
JBL	JABIL INC	18,161	$574K	0.1%	—	—	COM	466313103
NSIT	INSIGHT ENTERPRISES	9,409	$548K	0.1%	—	—	COM	45765U103
—	SOUTH ST CORP	7,341	$541K	0.1%	—	—	COM	840441109
—	ARGO GROUP INTL HLDG	7,245	$536K	0.1%	—	—	COM	G0464B107
OPITQ	OFFICE PPTYS INCOME	19,853	$522K	0.1%	—	—	COM SHS BEN INT	67623C109
BKH	BLACK HILLS CORP	6,600	$516K	0.1%	—	—	COM	092113109
—	LYON WILLIAM HOMES	26,898	$490K	0.1%	—	—	CL A NEW	552074700
—	MACQUARIE INFRASTRUC	11,910	$483K	0.1%	—	—	COM	55608B105
—	CHESAPEAKE ENERGY CO	246,646	$481K	0.1%	—	—	COM	165167107
WMB	WILLIAMS COS INC DEL	17,070	$479K	0.1%	—	—	COM	969457100
MLR	MILLER INDS INC TENN	15,248	$469K	0.1%	—	—	COM NEW	600551204
—	HANGER INC	23,500	$450K	0.1%	—	—	COM NEW	41043F208
CNMD	CONMED CORP	4,903	$420K	0.1%	—	—	COM	207410101
CRS	CARPENTER TECHNOLOGY	8,736	$419K	0.1%	—	—	COM	144285103
—	STEELCASE INC	21,407	$366K	0.1%	—	—	CL A	858155203
DRH	DIAMONDROCK HOSPITAL	33,571	$347K	0.1%	—	—	COM	252784301
FBNC	FIRST BANCORP N C	9,339	$340K	0.1%	—	—	COM	318910106
—	NAVIGANT CONSULTING	13,686	$317K	0.1%	—	—	COM	63935N107
—	ATLANTIC CAP BANCSHA	17,173	$294K	0.1%	—	—	COM	048269203
THC	TENET HEALTHCARE COR	13,625	$281K	0.1%	—	—	COM NEW	88033G407
—	AMC ENTMT HLDGS INC	28,900	$270K	0.1%	—	—	CL A COM	00165C104
—	TUPPERWARE BRANDS CO	14,038	$267K	0.1%	—	—	COM	899896104
NNI	NELNET INC	4,500	$266K	0.1%	—	—	CL A	64031N108
—	BRIGHTSPHERE INVESTM	22,133	$253K	0.1%	—	—	SHS	G1644T109
—	REALOGY HLDGS CORP	33,560	$243K	0.1%	—	—	COM	75605Y106
—	HIGHPOINT RES CORP	127,100	$231K	0.0%	—	—	COM	43114K108
—	HOEGH LNG PARTNERS L	13,267	$230K	0.0%	—	—	COM UNIT LTD	Y3262R100
—	TEEKAY TANKERS LTD	174,250	$223K	0.0%	—	—	CL A	Y8565N102
TTI	TETRA TECHNOLOGIES I	90,700	$148K	0.0%	—	—	COM	88162F105
—	CATCHMARK TIMBER TR	13,960	$146K	0.0%	—	—	CL A	14912Y202
—	ENSCO ROWAN PLC	12,350	$105K	0.0%	—	—	SHS CLASS A	G3166L100
—	ARC DOCUMENT SOLUTIO	47,823	$98,000	0.0%	—	—	COM	00191G103
—	SUPERIOR ENERGY SVCS	31,500	$41,000	0.0%	—	—	COM	868157108
—	FUELCELL ENERGY INC	165,753	$29,000	0.0%	—	—	COM	35952H601