Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corporation	4,211,923	$186M	2.9%	$29.88	+30.3%	COM	594918104
PNC	PNC Financial Services Group,	1,960,852	$175M	2.7%	$51.47	+31.5%	COM	693475105
—	ADT Corporation	5,315,319	$159M	2.5%	$31.89	—	COM	00101J106
VZ	Verizon Communications Inc.	3,540,024	$154M	2.4%	$26.73	+1.1%	COM	92343V104
SYY	Sysco Corporation	3,771,010	$147M	2.3%	$25.47	+14.2%	COM	871829107
IRM	Iron Mountain, Inc.	4,477,291	$139M	2.2%	$19.37	-14.7%	COM	46284V101
WFC	Wells Fargo & Company	2,701,699	$139M	2.1%	$39.12	+5.0%	COM	949746101
USB	U.S. Bancorp	3,342,509	$137M	2.1%	$24.60	+21.2%	COM	902973304
INTC	Intel Corporation	4,537,694	$137M	2.1%	$17.90	+26.4%	COM	458140100
MSI	Motorola Solutions, Inc.	1,897,857	$130M	2.0%	$53.53	-0.2%	COM	620076307
OXY	Occidental Petroleum Corporati	1,919,020	$127M	2.0%	$60.00	-14.5%	COM	674599105
TAP	Molson Coors Brewing Company C	1,499,170	$124M	1.9%	$39.95	+40.7%	COM	60871R209
OMC	Omnicom Group Inc	1,873,137	$123M	1.9%	$50.79	-3.0%	COM	681919106
FAST	Fastenal Company	3,224,062	$118M	1.8%	$8.06	-6.6%	COM	311900104
UPS	United Parcel Service, Inc. Cl	1,174,064	$116M	1.8%	$57.48	+18.0%	COM	911312106
DGX	Quest Diagnostics Incorporated	1,844,174	$113M	1.8%	$44.95	+26.4%	COM	74834L100
XOM	Exxon Mobil Corporation	1,463,589	$109M	1.7%	$49.08	0.0%	COM	30231G102
NFG	National Fuel Gas Company	2,165,753	$108M	1.7%	$65.19	-17.1%	COM	636180101
KMB	Kimberly-Clark Corporation	955,898	$104M	1.6%	$64.56	+19.9%	COM	494368103
WU	Western Union Company	5,602,599	$103M	1.6%	$17.52	—	COM	959802109
GEO	GEO Group Inc	3,454,505	$103M	1.6%	$12.50	+4.0%	COM	36162J106
QCOM	QUALCOMM Incorporated	1,877,786	$101M	1.6%	$49.99	-11.7%	COM	747525103
TGT	Target Corporation	1,255,469	$98.75M	1.5%	$47.87	+22.5%	COM	87612E106
KSS	Kohl's Corporation	2,131,653	$98.72M	1.5%	$51.28	+9.7%	COM	500255104
WMT	Wal-Mart Stores, Inc.	1,494,480	$96.9M	1.5%	$20.21	-6.4%	COM	931142103
RSG	Republic Services, Inc.	2,279,378	$93.91M	1.5%	$26.84	+27.9%	COM	760759100
PH	Parker-Hannifin Corporation	913,688	$88.9M	1.4%	$100.98	-9.3%	COM	701094104
—	Thomson Reuters Corporation	2,121,449	$85.41M	1.3%	$33.71	—	COM	884903105
CMP	Compass Minerals International	1,067,732	$83.68M	1.3%	$59.22	+0.5%	COM	20451N101
ACH	Owens & Minor, Inc.	2,605,366	$83.22M	1.3%	$27.21	+8.8%	COM	690732102
—	Vectren Corporation	1,976,979	$83.05M	1.3%	$42.01	—	COM	92240G101
CME	CME Group Inc. Class A	892,018	$82.73M	1.3%	$40.52	+55.7%	COM	12572Q105
ZD	j2 Global Inc	1,118,252	$79.23M	1.2%	$36.49	+65.9%	COM	48123V102
VTR	Ventas, Inc.	1,268,157	$71.09M	1.1%	$41.55	0.0%	COM	92276F100
EMR	Emerson Electric Co.	1,607,711	$71.01M	1.1%	$41.68	-10.4%	COM	291011104
CSGS	CSG Systems International, Inc	2,290,993	$70.56M	1.1%	$18.15	+37.9%	COM	126349109
WTM	White Mountains Insurance Grou	89,140	$66.61M	1.0%	$583.67	+23.3%	COM	G9618E107
PEP	Pepsico, Inc.	703,401	$66.33M	1.0%	$56.64	+22.7%	COM	713448108
CVX	Chevron Corporation	836,738	$66M	1.0%	$72.13	-25.3%	COM	166764100
WY	Weyerhaeuser Company	2,400,325	$65.63M	1.0%	$21.20	-7.6%	COM	962166104
MSM	MSC Industrial Direct Co., Inc	1,052,806	$64.25M	1.0%	$69.55	-2.0%	COM	553530106
UNF	Unifirst Corporation	570,257	$60.91M	0.9%	$95.37	+11.4%	COM	904708104
—	Aircastle Limited	2,818,603	$58.09M	0.9%	$17.22	—	COM	G0129K104
—	Unilever PLC Sponsored ADR	1,381,220	$56.33M	0.9%	$41.50	—	COM	904767704
—	CyrusOne, Inc.	1,658,330	$54.16M	0.8%	$25.16	—	COM	23283R100
F	Ford Motor Company	3,762,024	$51.05M	0.8%	$8.80	-7.4%	COM	345370860
CNK	Cinemark Holdings, Inc.	1,549,611	$50.35M	0.8%	$24.77	+26.8%	COM	17243V102
—	Blackhawk Network Holdings Inc	1,100,512	$46.65M	0.7%	$41.20	—	COM	09238E104
M	Macy's Inc	901,211	$46.25M	0.7%	$67.43	-7.0%	COM	55616P104
—	Bemis Company, Inc.	1,146,976	$45.39M	0.7%	$39.31	—	COM	081437105
RCI	Rogers Communications Inc. Cla	1,299,946	$44.82M	0.7%	$40.92	-15.9%	COM	775109200
NUE	Nucor Corporation	1,155,721	$43.4M	0.7%	$33.11	+1.2%	COM	670346105
—	International Speedway Corpora	1,288,443	$40.87M	0.6%	$32.23	—	COM	460335201
—	Atlantic Tele-Network, Inc.	532,578	$39.37M	0.6%	$49.93	—	COM	049079205
—	KLX Inc	1,076,952	$38.49M	0.6%	$39.66	—	COM	482539103
—	Fresh Market, Inc.	1,662,454	$37.55M	0.6%	$22.59	—	COM	35804H106
—	SP Plus Corporation	1,544,029	$35.74M	0.6%	$24.66	—	COM	78469C103
—	Tech Data Corporation	507,050	$34.73M	0.5%	$61.19	—	COM	878237106
PRKS	SeaWorld Entertainment, Inc.	1,919,694	$34.19M	0.5%	$18.22	-1.1%	COM	81282V100
—	Communications Sales & Leasing	1,894,497	$33.91M	0.5%	$24.72	—	COM	20341J104
—	AmeriGas Partners, L.P.	808,525	$33.58M	0.5%	$47.44	—	COM	030975106
—	NeuStar, Inc. Class A	1,178,084	$32.06M	0.5%	$45.23	—	COM	64126X201
MUSA	Murphy USA, Inc.	578,632	$31.8M	0.5%	$51.75	0.0%	COM	626755102
—	Biglari Holdings Inc.	86,753	$31.73M	0.5%	$413.80	—	COM	08986R101
TDS	Telephone and Data Systems, In	1,239,415	$30.94M	0.5%	$23.92	+17.4%	COM	879433829
CNA	CNA Financial Corporation	861,864	$30.11M	0.5%	$18.12	-2.8%	COM	126117100
—	Cubic Corporation	652,360	$27.36M	0.4%	$42.75	—	COM	229669106
—	Praxair, Inc.	264,958	$26.99M	0.4%	$101.86	—	COM	74005P104
BCO	Brink's Company	997,303	$26.94M	0.4%	$23.56	+8.9%	COM	109696104
—	Innophos Holdings, Inc.	622,199	$24.66M	0.4%	$47.74	—	COM	45774N108
CSWC	Capital Southwest Corporation	513,689	$24.35M	0.4%	$4.49	+38.2%	COM	140501107
—	Fidelity National Financial In	2,034,262	$23.84M	0.4%	$14.34	—	COM	31620R402
CLH	Clean Harbors, Inc.	511,861	$22.51M	0.3%	$49.46	+0.3%	COM	184496107
—	Air Methods Corporation	647,230	$22.06M	0.3%	$40.40	—	COM	009128307
PG	Procter & Gamble Company	304,343	$21.89M	0.3%	$55.66	+1.2%	COM	742718109
—	General Electric Company	854,048	$21.54M	0.3%	$24.23	—	COM	369604103
—	Sotheby's Class A	671,032	$21.46M	0.3%	$43.01	—	COM	835898107
DLB	Dolby Laboratories, Inc. Class	653,966	$21.32M	0.3%	$34.46	-13.8%	COM	25659T107
BRO	Brown & Brown, Inc.	648,394	$20.08M	0.3%	$14.40	+3.6%	COM	115236101
—	PICO Holdings, Inc.	1,956,918	$18.94M	0.3%	$19.71	—	COM	693366205
MRTN	Marten Transport, Ltd.	1,163,839	$18.82M	0.3%	$5.97	+5.4%	COM	573075108
MYGN	Myriad Genetics, Inc.	494,890	$18.55M	0.3%	$29.06	+22.1%	COM	62855J104
—	SodaStream International Ltd.	1,284,120	$17.67M	0.3%	$20.26	—	COM	M9068E105
—	Outerwall Inc.	309,952	$17.65M	0.3%	$54.80	—	COM	690070107
—	American National Insurance Co	178,835	$17.46M	0.3%	$97.64	—	COM	028591105
—	Shaw Communications Inc. Class	890,963	$17.29M	0.3%	$23.94	—	COM	82028K200
—	National CineMedia, Inc.	1,285,216	$17.25M	0.3%	$16.90	—	COM	635309107
MMLP	Martin Midstream Partners L.P.	690,915	$16.86M	0.3%	$31.05	—	COM	573331105
SBRA	Sabra Health Care REIT, Inc.	721,699	$16.73M	0.3%	$24.99	—	COM	78573L106
—	Alleghany Corporation	34,771	$16.28M	0.3%	$396.03	—	COM	017175100
CODI	Compass Diversified Holdings	980,178	$15.8M	0.2%	$7.25	+14.6%	COM	20451Q104
—	Forward Air Corporation	372,295	$15.45M	0.2%	$40.11	—	COM	349853101
PLUS	ePlus inc.	194,448	$15.38M	0.2%	$16.48	+16.2%	COM	294268107
—	Leucadia National Corporation	735,182	$14.89M	0.2%	$24.28	—	COM	527288104
—	QEP Resources, Inc.	1,161,045	$14.55M	0.2%	$18.30	—	COM	74733V100
AGI	Alamos Gold Inc.	3,917,310	$14.46M	0.2%	$3.74	0.0%	COM	011532108
—	Ascena Retail Group, Inc.	1,037,102	$14.43M	0.2%	$17.39	—	COM	04351G101
HTH	Hilltop Holdings Inc.	718,023	$14.22M	0.2%	$15.45	+38.5%	COM	432748101
EPM	Evolution Petroleum Corporatio	2,562,779	$14.22M	0.2%	$5.21	-43.0%	COM	30049A107
LBRDK	Liberty Broadband Corp. Class	274,038	$14.02M	0.2%	$49.22	+1.6%	COM	530307305
—	Carmike Cinemas, Inc.	675,511	$13.57M	0.2%	$20.09	—	COM	143436400
—	Air Transport Services Group,	1,496,430	$12.79M	0.2%	$7.62	—	COM	00922R105
KELYA	Kelly Services, Inc. Class A	883,473	$12.49M	0.2%	$14.47	-12.1%	COM	488152208
PLCE	Children's Place, Inc.	212,750	$12.27M	0.2%	$51.52	+16.7%	COM	168905107
—	Liberty Interactive Corporatio	297,038	$11.98M	0.2%	$39.69	—	COM	53071M880
PAAS	Pan American Silver Corp.	1,878,703	$11.93M	0.2%	$12.33	-44.6%	COM	697900108
SYBT	Stock Yards Bancorp, Inc.	319,750	$11.62M	0.2%	$22.87	+6.1%	COM	861025104
—	ITC Holdings Corp.	340,553	$11.35M	0.2%	$33.34	—	COM	465685105
VLGEA	Village Super Market, Inc. Cla	480,771	$11.35M	0.2%	$34.95	-18.8%	COM	927107409
—	Sanderson Farms, Inc.	161,292	$11.06M	0.2%	$68.57	—	COM	800013104
—	Empire District Electric Compa	498,779	$10.99M	0.2%	$21.88	—	COM	291641108
—	Airgas, Inc.	121,940	$10.89M	0.2%	$103.04	—	COM	009363102
NSP	Insperity, Inc.	240,218	$10.55M	0.2%	$18.65	0.0%	COM	45778Q107
—	IAC/InterActiveCorp.	158,302	$10.33M	0.2%	$67.47	—	COM	44919P508
MCRI	Monarch Casino & Resort, Inc.	571,791	$10.28M	0.2%	$13.41	+40.3%	COM	609027107
IBOC	International Bancshares Corpo	382,639	$9.577M	0.1%	$19.42	+2.4%	COM	459044103
NWSA	News Corporation Class A	754,604	$9.523M	0.1%	$12.49	-2.0%	COM	65249B109
—	Michael Kors Holdings Ltd	222,141	$9.383M	0.1%	$42.09	—	COM	G60754101
—	Forest City Enterprises, Inc.	458,520	$9.23M	0.1%	$19.10	—	COM	345550107
—	Gran Tierra Energy Inc.	4,280,117	$9.117M	0.1%	$2.74	—	COM	38500T101
NGD	New Gold Inc.	3,869,940	$8.785M	0.1%	$5.47	-57.7%	COM	644535106
IMKTA	Ingles Markets, Incorporated C	177,819	$8.505M	0.1%	$19.33	+120.1%	COM	457030104
PRSU	Viad Corp	267,516	$7.755M	0.1%	$26.48	0.0%	COM	92552R406
—	Madison Square Garden Company	106,694	$7.697M	0.1%	$59.39	—	COM	55826P100
—	TransMontaigne Partners L.P.	276,306	$7.516M	0.1%	$41.69	—	COM	89376V100
ITRN	Ituran Location & Control Ltd.	345,305	$7.093M	0.1%	$21.42	+13.6%	COM	M6158M104
—	Convergys Corporation	300,429	$6.943M	0.1%	$18.67	—	COM	212485106
—	Liberty Tax, Inc. Class A	296,008	$6.894M	0.1%	$24.60	—	COM	53128T102
—	Ascent Capital Group, Inc. Cla	243,437	$6.665M	0.1%	$78.83	—	COM	043632108
DAKT	Daktronics, Inc.	753,440	$6.532M	0.1%	$9.45	-8.3%	COM	234264109
SRCE	1st Source Corporation	203,330	$6.263M	0.1%	$31.94	—	COM	336901103
WERN	Werner Enterprises, Inc.	248,529	$6.238M	0.1%	$24.30	+12.4%	COM	950755108
—	Sykes Enterprises, Incorporate	241,254	$6.152M	0.1%	$18.01	—	COM	871237103
ATR	Aptargroup, Inc.	91,774	$6.053M	0.1%	$54.20	+6.1%	COM	038336103
WASH	Washington Trust Bancorp, Inc.	153,714	$5.91M	0.1%	$22.65	+2.7%	COM	940610108
—	Allied World Assurance Company	149,794	$5.718M	0.1%	$38.17	—	COM	H01531104
PYPL	PayPal Holdings Inc	154,679	$4.801M	0.1%	$35.85	0.0%	COM	70450Y103
—	Rovi Corporation	417,260	$4.377M	0.1%	$22.14	—	COM	779376102
—	UCP, Inc. Class A	651,258	$4.37M	0.1%	$7.54	—	COM	90265Y106
FCNCA	First Citizens BancShares, Inc	17,852	$4.035M	0.1%	$182.75	+29.3%	COM	31946M103
MCS	Marcus Corporation	204,905	$3.963M	0.1%	$19.39	+1.0%	COM	566330106
—	PHI, Inc.	199,121	$3.759M	0.1%	$37.64	—	COM	69336T205
CMCSA	Comcast Corporation Class A	64,006	$3.641M	0.1%	$17.92	+30.3%	COM	20030N101
—	J. Alexander's Holdings, Inc.	351,158	$3.501M	0.1%	$9.97	—	COM	46609J106
BHE	Benchmark Electronics, Inc.	148,179	$3.224M	0.0%	$17.57	+1.0%	COM	08160H101
AXP	American Express Company	39,323	$2.915M	0.0%	$70.56	-6.1%	COM	025816109
—	Tribune Media Co. Class A	67,853	$2.416M	0.0%	$53.39	—	COM	896047503
—	Liberty Media Corp Class C	67,033	$2.31M	0.0%	$46.30	—	COM	531229300
BRK/B	Berkshire Hathaway Inc. Class	17,400	$2.269M	0.0%	$137.00	0.0%	COM	084670702
GM	General Motors Company	75,099	$2.254M	0.0%	$24.50	-1.4%	COM	37045V100
—	Unit Corporation	198,618	$2.236M	0.0%	$29.94	—	COM	909218109
—	Time Warner Inc.	32,380	$2.226M	0.0%	$66.00	—	COM	887317303
—	Twenty-First Century Fox, Inc.	81,473	$2.198M	0.0%	$34.29	—	COM	90130A101
GOOG	Alphabet Inc. Class C	3,530	$2.148M	0.0%	$30.50	0.0%	COM	02079K107
—	Baldwin & Lyons, Inc. Class B	91,862	$1.993M	0.0%	$24.27	—	COM	057755209
—	Oaktree Capital Group, LLC Cla	39,970	$1.979M	0.0%	$51.10	—	COM	674001201
RL	Ralph Lauren Corporation Class	14,277	$1.687M	0.0%	$96.33	0.0%	COM	751212101
—	Magellan Midstream Partners, L	21,218	$1.275M	0.0%	$60.09	—	COM	559080106
AXTA	Axalta Coating Systems Ltd.	50,188	$1.272M	0.0%	$29.71	0.0%	COM	G0750C108
—	Equity Commonwealth	45,735	$1.246M	0.0%	$27.24	—	COM	294628102
—	Whole Foods Market, Inc.	34,896	$1.104M	0.0%	$39.44	—	COM	966837106
ODC	Oil-Dri Corporation of America	14,715	$337K	0.0%	$12.67	0.0%	COM	677864100