Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	161,500	$22.45M	5.0%	—	—	COM	594918104
JPM	JPMORGAN CHASE & CO	162,564	$19.13M	4.3%	—	—	COM	46625H100
C	CITIGROUP INC	197,974	$13.68M	3.1%	—	—	COM NEW	172967424
KMI	KINDER MORGAN INC DE	500,000	$10.3M	2.3%	—	—	COM	49456B101
LYB	LYONDELLBASELL INDUS	110,200	$9.86M	2.2%	—	—	SHS - A -	N53745100
MPC	MARATHON PETE CORP	160,000	$9.72M	2.2%	—	—	COM	56585A102
BAC	BANK AMER CORP	295,173	$8.61M	1.9%	—	—	COM	060505104
BMY	BRISTOL MYERS SQUIBB	165,000	$8.367M	1.9%	—	—	COM	110122108
CSCO	CISCO SYS INC	158,300	$7.822M	1.7%	—	—	COM	17275R102
CI	CIGNA CORP NEW	50,500	$7.665M	1.7%	—	—	COM	125523100
DIS	DISNEY WALT CO	56,819	$7.405M	1.7%	—	—	COM DISNEY	254687106
GM	GENERAL MTRS CO	195,255	$7.318M	1.6%	—	—	COM	37045V100
CMCSA	COMCAST CORP NEW	160,000	$7.213M	1.6%	—	—	CL A	20030N101
—	COVANTA HLDG CORP	391,296	$6.766M	1.5%	—	—	COM	22282E102
GOOGL	ALPHABET INC	5,435	$6.637M	1.5%	—	—	CAP STK CL A	02079K305
GOOG	ALPHABET INC	5,300	$6.461M	1.4%	—	—	CAP STK CL C	02079K107
USFD	US FOODS HLDG CORP	140,000	$5.754M	1.3%	—	—	COM	912008109
DAL	DELTA AIR LINES INC	98,440	$5.67M	1.3%	—	—	COM NEW	247361702
WDC	WESTERN DIGITAL CORP	95,000	$5.666M	1.3%	—	—	COM	958102105
ORCL	ORACLE CORP	100,839	$5.549M	1.2%	—	—	COM	68389X105
NEAR	ISHARES US ETF TR	100,000	$5.034M	1.1%	—	—	SHT MAT BD ETF	46431W507
—	JACOBS ENGR GROUP IN	55,000	$5.033M	1.1%	—	—	COM	469814107
HCA	HCA HEALTHCARE INC	40,000	$4.817M	1.1%	—	—	COM	40412C101
BA	BOEING CO	12,200	$4.642M	1.0%	—	—	COM	097023105
BX	BLACKSTONE GROUP INC	92,000	$4.493M	1.0%	—	—	COM CL A	09260D107
ADI	ANALOG DEVICES INC	40,000	$4.469M	1.0%	—	—	COM	032654105
DHI	D R HORTON INC	83,800	$4.417M	1.0%	—	—	COM	23331A109
PFE	PFIZER INC	120,770	$4.339M	1.0%	—	—	COM	717081103
DD	DUPONT DE NEMOURS IN	57,820	$4.123M	0.9%	—	—	COM	26614N102
WAB	WABTEC CORP	57,323	$4.119M	0.9%	—	—	COM	929740108
—	BERRY GLOBAL GROUP I	100,000	$3.927M	0.9%	—	—	COM	08579W103
MSI	MOTOROLA SOLUTIONS I	22,900	$3.902M	0.9%	—	—	COM NEW	620076307
OXY	OCCIDENTAL PETE CORP	86,670	$3.854M	0.9%	—	—	COM	674599105
—	HESS CORP	63,040	$3.813M	0.9%	—	—	COM	42809H107
CSX	CSX CORP	55,000	$3.81M	0.9%	—	—	COM	126408103
LHX	L3HARRIS TECHNOLOGIE	16,700	$3.484M	0.8%	—	—	COM	502431109
JELD	JELD-WEN HLDG INC	175,961	$3.394M	0.8%	—	—	COM	47580P103
—	AERIE PHARMACEUTICAL	176,525	$3.393M	0.8%	—	—	COM	00771V108
AIG	AMERICAN INTL GROUP	60,710	$3.382M	0.8%	—	—	COM NEW	026874784
—	PIONEER NAT RES CO	26,800	$3.371M	0.8%	—	—	COM	723787107
TRV	TRAVELERS COMPANIES	22,600	$3.36M	0.8%	—	—	COM	89417E109
—	UNITED TECHNOLOGIES	24,300	$3.317M	0.7%	—	—	COM	913017109
INGR	INGREDION INC	40,000	$3.27M	0.7%	—	—	COM	457187102
COF	CAPITAL ONE FINL COR	35,943	$3.27M	0.7%	—	—	COM	14040H105
AVT	AVNET INC	72,961	$3.246M	0.7%	—	—	COM	053807103
VNO	VORNADO RLTY TR	50,515	$3.216M	0.7%	—	—	SH BEN INT	929042109
R	RYDER SYS INC	60,958	$3.156M	0.7%	—	—	COM	783549108
MCK	MCKESSON CORP	22,952	$3.137M	0.7%	—	—	COM	58155Q103
VST	VISTRA ENERGY CORP	116,000	$3.101M	0.7%	—	—	COM	92840M102
BRK/B	BERKSHIRE HATHAWAY I	14,325	$2.98M	0.7%	—	—	CL B NEW	084670702
UNP	UNION PACIFIC CORP	18,000	$2.916M	0.7%	—	—	COM	907818108
—	AON PLC	15,000	$2.904M	0.6%	—	—	SHS CL A	G0408V102
LEN	LENNAR CORP	52,000	$2.904M	0.6%	—	—	CL A	526057104
AAPL	APPLE INC	12,900	$2.889M	0.6%	—	—	COM	037833100
LEA	LEAR CORP	24,150	$2.847M	0.6%	—	—	COM NEW	521865204
EOG	EOG RES INC	38,000	$2.82M	0.6%	—	—	COM	26875P101
AXS	AXIS CAPITAL HOLDING	41,897	$2.795M	0.6%	—	—	SHS	G0692U109
PVH	PVH CORP	31,569	$2.785M	0.6%	—	—	COM	693656100
KBR	KBR INC	113,376	$2.782M	0.6%	—	—	COM	48242W106
—	NATIONAL OILWELL VAR	130,318	$2.763M	0.6%	—	—	COM	637071101
MET	METLIFE INC	57,490	$2.711M	0.6%	—	—	COM	59156R108
OMC	OMNICOM GROUP INC	34,457	$2.698M	0.6%	—	—	COM	681919106
HAL	HALLIBURTON CO	141,178	$2.661M	0.6%	—	—	COM	406216101
WFC	WELLS FARGO CO NEW	52,463	$2.646M	0.6%	—	—	COM	949746101
TMUS	T MOBILE US INC	33,000	$2.599M	0.6%	—	—	COM	872590104
VZ	VERIZON COMMUNICATIO	42,655	$2.575M	0.6%	—	—	COM	92343V104
TEX	TEREX CORP NEW	90,724	$2.356M	0.5%	—	—	COM	880779103
HPE	HEWLETT PACKARD ENTE	150,554	$2.284M	0.5%	—	—	COM	42824C109
F	FORD MTR CO DEL	244,808	$2.242M	0.5%	—	—	COM	345370860
NWL	NEWELL BRANDS INC	119,068	$2.229M	0.5%	—	—	COM	651229106
—	AXA EQUITABLE HLDGS	99,445	$2.204M	0.5%	—	—	COM	054561105
CPS	COOPER STD HLDGS INC	53,288	$2.178M	0.5%	—	—	COM	21676P103
XRX	XEROX HOLDINGS CORP	71,597	$2.141M	0.5%	—	—	COM NEW	98421M106
MS	MORGAN STANLEY	49,734	$2.122M	0.5%	—	—	COM NEW	617446448
CTSH	COGNIZANT TECHNOLOGY	33,367	$2.011M	0.4%	—	—	CL A	192446102
CMTL	COMTECH TELECOMMUNIC	61,219	$1.99M	0.4%	—	—	COM NEW	205826209
—	CVR PARTNERS LP	502,664	$1.95M	0.4%	—	—	COM	126633106
SWK	STANLEY BLACK & DECK	12,866	$1.858M	0.4%	—	—	COM	854502101
GLW	CORNING INC	65,030	$1.855M	0.4%	—	—	COM	219350105
CNO	CNO FINL GROUP INC	114,459	$1.812M	0.4%	—	—	COM	12621E103
VOYA	VOYA FINL INC	32,300	$1.758M	0.4%	—	—	COM	929089100
NG	NOVAGOLD RES INC	280,012	$1.7M	0.4%	—	—	COM NEW	66987E206
ACM	AECOM	44,424	$1.669M	0.4%	—	—	COM	00766T100
GS	GOLDMAN SACHS GROUP	7,949	$1.647M	0.4%	—	—	COM	38141G104
—	ANIXTER INTL INC	22,692	$1.568M	0.4%	—	—	COM	035290105
ADM	ARCHER DANIELS MIDLA	37,900	$1.557M	0.3%	—	—	COM	039483102
CVE	CENOVUS ENERGY INC	165,225	$1.551M	0.3%	—	—	COM	15135U109
FHN	FIRST HORIZON NATL C	92,300	$1.495M	0.3%	—	—	COM	320517105
FCNCA	FIRST CTZNS BANCSHAR	3,145	$1.483M	0.3%	—	—	CL A	31946M103
CTVA	CORTEVA INC	52,030	$1.457M	0.3%	—	—	COM	22052L104
—	MASONITE INTL CORP N	23,464	$1.361M	0.3%	—	—	COM	575385109
—	MYLAN N V	68,171	$1.348M	0.3%	—	—	SHS EURO	N59465109
KKR	KKR & CO INC	47,793	$1.283M	0.3%	—	—	CL A	48251W104
—	ACTUANT CORP	58,198	$1.277M	0.3%	—	—	CL A NEW	00508X203
IBM	INTERNATIONAL BUSINE	8,750	$1.272M	0.3%	—	—	COM	459200101
CAR	AVIS BUDGET GROUP IN	44,079	$1.246M	0.3%	—	—	COM	053774105
—	BARRICK GOLD CORPORA	71,160	$1.233M	0.3%	—	—	COM	067901108
URI	UNITED RENTALS INC	9,800	$1.221M	0.3%	—	—	COM	911363109
EIX	EDISON INTL	16,099	$1.214M	0.3%	—	—	COM	281020107
KO	COCA COLA CO	21,375	$1.164M	0.3%	—	—	COM	191216100
CAT	CATERPILLAR INC DEL	9,205	$1.163M	0.3%	—	—	COM	149123101
—	ROYAL DUTCH SHELL PL	19,490	$1.147M	0.3%	—	—	SPONS ADR A	780259206
UVV	UNIVERSAL CORP VA	20,835	$1.142M	0.3%	—	—	COM	913456109
UBS	UBS GROUP AG	100,375	$1.14M	0.3%	—	—	SHS	H42097107
BKR	BAKER HUGHES A GE CO	48,653	$1.129M	0.3%	—	—	CL A	05722G100
VREX	VAREX IMAGING CORP	39,440	$1.126M	0.3%	—	—	COM	92214X106
ASB	ASSOCIATED BANC CORP	55,074	$1.115M	0.2%	—	—	COM	045487105
TRS	TRIMAS CORP	36,078	$1.106M	0.2%	—	—	COM NEW	896215209
PBI	PITNEY BOWES INC	240,782	$1.1M	0.2%	—	—	COM	724479100
HOPE	HOPE BANCORP INC	75,746	$1.086M	0.2%	—	—	COM	43940T109
SPB	SPECTRUM BRANDS HLDG	20,354	$1.073M	0.2%	—	—	COM	84790A105
SCSC	SCANSOURCE INC	34,503	$1.054M	0.2%	—	—	COM	806037107
PSX	PHILLIPS 66	10,000	$1.024M	0.2%	—	—	COM	718546104
—	C&J ENERGY SVCS INC	93,622	$1.005M	0.2%	—	—	COM	12674R100
—	GRANITE REAL ESTATE	19,800	$960K	0.2%	—	—	UNIT 99/99/9999	387437114
MUR	MURPHY OIL CORP	42,975	$950K	0.2%	—	—	COM	626717102
ENVA	ENOVA INTL INC	45,657	$947K	0.2%	—	—	COM	29357K103
KHC	KRAFT HEINZ CO	33,225	$928K	0.2%	—	—	COM	500754106
—	CELESTICA INC	129,082	$926K	0.2%	—	—	SUB VTG SHS	15101Q108
ROCK	GIBRALTAR INDS INC	19,918	$915K	0.2%	—	—	COM	374689107
—	REV GROUP INC	79,941	$914K	0.2%	—	—	COM	749527107
—	AMERICAN EQTY INVT L	37,414	$905K	0.2%	—	—	COM	025676206
VRTS	VIRTUS INVT PARTNERS	8,185	$905K	0.2%	—	—	COM	92828Q109
—	WESCO AIRCRAFT HLDGS	81,800	$901K	0.2%	—	—	COM	950814103
SAIC	SCIENCE APPLICATNS I	10,200	$891K	0.2%	—	—	COM	808625107
GIL	GILDAN ACTIVEWEAR IN	24,584	$873K	0.2%	—	—	COM	375916103
BKD	BROOKDALE SR LIVING	113,513	$860K	0.2%	—	—	COM	112463104
WBS	WEBSTER FINL CORP CO	18,263	$856K	0.2%	—	—	COM	947890109
LNC	LINCOLN NATL CORP IN	14,100	$851K	0.2%	—	—	COM	534187109
—	SYNOVUS FINL CORP	23,809	$851K	0.2%	—	—	COM NEW	87161C501
GLNG	GOLAR LNG LTD BERMUD	63,153	$820K	0.2%	—	—	SHS	G9456A100
MLR	MILLER INDS INC TENN	24,292	$809K	0.2%	—	—	COM NEW	600551204
—	FIRST MIDWEST BANCOR	40,260	$784K	0.2%	—	—	COM	320867104
—	COTT CORP QUE	61,920	$772K	0.2%	—	—	COM	22163N106
WSFS	WSFS FINL CORP	17,269	$762K	0.2%	—	—	COM	929328102
—	TRIPLE-S MGMT CORP	55,526	$744K	0.2%	—	—	CL B	896749108
—	SYKES ENTERPRISES IN	22,511	$690K	0.2%	—	—	COM	871237103
—	TCF FINANCIAL CORPOR	18,087	$689K	0.2%	—	—	COM	872307103
—	HANGER INC	32,600	$664K	0.1%	—	—	COM NEW	41043F208
EZPW	EZCORP INC	98,169	$634K	0.1%	—	—	CL A NON VTG	302301106
IOSP	INNOSPEC INC	7,017	$625K	0.1%	—	—	COM	45768S105
OPITQ	OFFICE PPTYS INCOME	19,853	$608K	0.1%	—	—	COM SHS BEN INT	67623C109
KALU	KAISER ALUMINUM CORP	6,100	$604K	0.1%	—	—	COM PAR $0.01	483007704
POR	PORTLAND GEN ELEC CO	10,700	$603K	0.1%	—	—	COM NEW	736508847
—	AMC ENTMT HLDGS INC	53,700	$575K	0.1%	—	—	CL A COM	00165C104
—	CHESAPEAKE ENERGY CO	404,646	$571K	0.1%	—	—	COM	165167107
MPAA	MOTORCAR PTS AMER IN	32,399	$548K	0.1%	—	—	COM	620071100
—	ARGO GROUP INTL HLDG	7,245	$509K	0.1%	—	—	COM	G0464B107
BKH	BLACK HILLS CORP	6,600	$506K	0.1%	—	—	COM	092113109
—	MACQUARIE INFRASTRUC	11,910	$470K	0.1%	—	—	COM	55608B105
CRS	CARPENTER TECHNOLOGY	8,736	$451K	0.1%	—	—	COM	144285103
JBL	JABIL INC	11,497	$411K	0.1%	—	—	COM	466313103
WMB	WILLIAMS COS INC DEL	17,070	$411K	0.1%	—	—	COM	969457100
—	STEELCASE INC	21,407	$394K	0.1%	—	—	CL A	858155203
—	LYON WILLIAM HOMES	19,098	$389K	0.1%	—	—	CL A NEW	552074700
CNMD	CONMED CORP	3,903	$375K	0.1%	—	—	COM	207410101
NSIT	INSIGHT ENTERPRISES	6,511	$363K	0.1%	—	—	COM	45765U103
DRH	DIAMONDROCK HOSPITAL	33,571	$344K	0.1%	—	—	COM	252784301
FBNC	FIRST BANCORP N C	9,339	$335K	0.1%	—	—	COM	318910106
—	SOUTH ST CORP	4,341	$327K	0.1%	—	—	COM	840441109
—	ATLANTIC CAP BANCSHA	17,173	$298K	0.1%	—	—	COM	048269203
NVRI	HARSCO CORP	15,500	$294K	0.1%	—	—	COM	415864107
—	CAPSTAR FINL HLDGS I	17,539	$291K	0.1%	—	—	COM	14070T102
—	TEEKAY TANKERS LTD	210,850	$274K	0.1%	—	—	CL A	Y8565N102
THC	TENET HEALTHCARE COR	10,325	$228K	0.1%	—	—	COM NEW	88033G407
—	REALOGY HLDGS CORP	33,560	$224K	0.1%	—	—	COM	75605Y106
—	TUPPERWARE BRANDS CO	14,038	$223K	0.0%	—	—	COM	899896104
NNI	NELNET INC	3,400	$216K	0.0%	—	—	CL A	64031N108
—	HOEGH LNG PARTNERS L	13,267	$205K	0.0%	—	—	COM UNIT LTD	Y3262R100
AAMI	BRIGHTSPHERE INVT GR	19,033	$189K	0.0%	—	—	COM	10948W103
—	HIGHPOINT RES CORP	100,000	$159K	0.0%	—	—	COM	43114K108
—	CATCHMARK TIMBER TR	13,960	$149K	0.0%	—	—	CL A	14912Y202
TTI	TETRA TECHNOLOGIES I	68,500	$138K	0.0%	—	—	COM	88162F105
—	ARC DOCUMENT SOLUTIO	47,823	$65,000	0.0%	—	—	COM	00191G103
—	FUELCELL ENERGY INC	165,753	$54,000	0.0%	—	—	COM	35952H601
—	SUPERIOR ENERGY SVCS	141,900	$18,000	0.0%	—	—	COM	868157108