Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corporation	3,177,311	$175M	3.1%	$29.88	+54.2%	COM	594918104
VZ	Verizon Communications Inc.	2,502,254	$135M	2.4%	$26.73	+12.4%	COM	92343V104
PNC	PNC Financial Services Group,	1,433,254	$121M	2.2%	$51.47	+20.4%	COM	693475105
IRM	Iron Mountain, Inc.	3,540,912	$120M	2.2%	$19.37	-14.8%	COM	46284V101
FAST	Fastenal Company	2,374,599	$116M	2.1%	$8.06	+4.0%	COM	311900104
OMC	Omnicom Group Inc	1,385,170	$115M	2.1%	$50.79	+5.9%	COM	681919106
USB	U.S. Bancorp	2,725,456	$111M	2.0%	$24.60	+13.0%	COM	902973304
MSI	Motorola Solutions, Inc.	1,455,922	$110M	2.0%	$53.53	+8.3%	COM	620076307
WFC	Wells Fargo & Company	2,233,788	$108M	1.9%	$39.12	-5.1%	COM	949746101
INTC	Intel Corporation	3,333,473	$108M	1.9%	$17.90	+36.2%	COM	458140100
GEO	GEO Group Inc	2,910,420	$101M	1.8%	$12.50	-3.8%	COM	36162J106
DGX	Quest Diagnostics Incorporated	1,343,880	$96.02M	1.7%	$44.95	+22.7%	COM	74834L100
—	Praxair, Inc.	799,711	$91.53M	1.6%	$104.86	—	COM	74005P104
GLW	Corning Incorporated	4,322,232	$90.29M	1.6%	$13.93	+2.3%	COM	219350105
OXY	Occidental Petroleum Corporati	1,318,488	$90.22M	1.6%	$60.00	-16.1%	COM	674599105
UPS	United Parcel Service, Inc. Cl	844,618	$89.08M	1.6%	$57.48	+17.8%	COM	911312106
—	BB&T Corporation	2,610,253	$86.84M	1.6%	$33.27	—	COM	054937107
TGT	Target Corporation	1,038,685	$85.46M	1.5%	$47.87	+17.8%	COM	87612E106
WU	Western Union Company	4,191,446	$80.85M	1.5%	$17.52	—	COM	959802109
CNK	Cinemark Holdings, Inc.	2,240,446	$80.28M	1.4%	$25.75	+5.5%	COM	17243V102
NFG	National Fuel Gas Company	1,596,769	$79.92M	1.4%	$65.19	-29.4%	COM	636180101
WMT	Wal-Mart Stores, Inc.	1,166,542	$79.9M	1.4%	$20.21	-9.4%	COM	931142103
XOM	Exxon Mobil Corporation	947,305	$79.19M	1.4%	$49.08	+5.9%	COM	30231G102
—	Vectren Corporation	1,455,375	$73.58M	1.3%	$42.01	—	COM	92240G101
EMR	Emerson Electric Co.	1,333,478	$72.52M	1.3%	$41.68	-10.3%	COM	291011104
VTR	Ventas, Inc.	1,123,538	$70.74M	1.3%	$41.15	-10.9%	COM	92276F100
UNP	Union Pacific Corporation	850,273	$67.64M	1.2%	$61.97	0.0%	COM	907818108
TAP	Molson Coors Brewing Company C	697,551	$67.09M	1.2%	$39.95	+74.8%	COM	60871R209
ACH	Owens & Minor, Inc.	1,652,831	$66.81M	1.2%	$27.21	+20.7%	COM	690732102
CMP	Compass Minerals International	901,967	$63.91M	1.1%	$59.22	-10.9%	COM	20451N101
CME	CME Group Inc. Class A	651,088	$62.54M	1.1%	$40.52	+55.4%	COM	12572Q105
WTM	White Mountains Insurance Grou	77,457	$62.17M	1.1%	$588.71	+27.1%	COM	G9618E107
MSM	MSC Industrial Direct Co., Inc	811,519	$61.93M	1.1%	$69.55	-3.7%	COM	553530106
UNF	UniFirst Corporation	563,363	$61.47M	1.1%	$95.48	+4.5%	COM	904708104
WY	Weyerhaeuser Company	1,882,407	$58.32M	1.0%	$21.20	-14.4%	COM	962166104
—	Time Warner Inc.	794,806	$57.66M	1.0%	$72.41	—	COM	887317303
—	ADT Corporation	1,396,689	$57.63M	1.0%	$31.89	—	COM	00101J106
—	Thomson Reuters Corporation	1,423,468	$57.62M	1.0%	$33.71	—	COM	884903105
CSGS	CSG Systems International, Inc	1,233,021	$55.68M	1.0%	$18.15	+69.5%	COM	126349109
CVX	Chevron Corporation	562,177	$53.63M	1.0%	$72.13	-20.4%	COM	166764100
PH	Parker-Hannifin Corporation	466,365	$51.8M	0.9%	$100.98	-14.9%	COM	701094104
PEP	PepsiCo, Inc.	504,034	$51.65M	0.9%	$56.64	+29.4%	COM	713448108
KSS	Kohl's Corporation	1,088,495	$50.73M	0.9%	$51.28	-8.5%	COM	500255104
PRKS	SeaWorld Entertainment, Inc.	2,388,828	$50.31M	0.9%	$18.30	+2.1%	COM	81282V100
—	Allied World Assurance Company	1,402,511	$49M	0.9%	$35.71	—	COM	H01531104
—	Aircastle Limited	2,201,567	$48.96M	0.9%	$17.22	—	COM	G0129K104
—	Blackhawk Network Holdings Inc	1,402,912	$48.12M	0.9%	$38.58	—	COM	09238E104
—	Fidelity National Financial In	4,337,529	$47.06M	0.8%	$12.60	—	COM	31620R402
—	Unilever PLC Sponsored ADR	1,038,957	$46.94M	0.8%	$41.50	—	COM	904767704
QCOM	QUALCOMM Incorporated	884,154	$45.22M	0.8%	$49.99	-26.2%	COM	747525103
AMGN	Amgen Inc.	298,931	$44.82M	0.8%	$110.79	0.0%	COM	031162100
—	International Speedway Corpora	1,209,656	$44.65M	0.8%	$32.23	—	COM	460335201
RSG	Republic Services, Inc.	924,919	$44.07M	0.8%	$26.84	+42.9%	COM	760759100
KMB	Kimberly-Clark Corporation	327,334	$44.03M	0.8%	$64.56	+43.7%	COM	494368103
—	Bemis Company, Inc.	834,052	$43.19M	0.8%	$39.31	—	COM	081437105
NUE	Nucor Corporation	830,487	$39.28M	0.7%	$33.11	-2.1%	COM	670346105
—	Air Transport Services Group,	2,438,062	$37.5M	0.7%	$9.37	—	COM	00922R105
NSP	Insperity, Inc.	716,442	$37.06M	0.7%	$18.12	+2.8%	COM	45778Q107
TDS	Telephone and Data Systems, In	1,211,995	$36.47M	0.7%	$23.92	+5.5%	COM	879433829
—	KLX, Inc.	1,121,216	$36.04M	0.6%	$39.19	—	COM	482539103
—	SP Plus Corporation	1,469,307	$35.35M	0.6%	$24.66	—	COM	78469C103
IMKTA	Ingles Markets, Incorporated C	918,336	$34.44M	0.6%	$29.95	+4.1%	COM	457030104
—	AmeriGas Partners, L.P.	785,990	$34.17M	0.6%	$46.34	—	COM	030975106
—	Biglari Holdings Inc.	83,640	$31.09M	0.6%	$413.80	—	COM	08986R101
—	Magellan Midstream Partners, L	433,118	$29.8M	0.5%	$67.98	—	COM	559080106
MUSA	Murphy USA, Inc.	467,566	$28.73M	0.5%	$53.79	+11.2%	COM	626755102
PLUS	ePlus inc.	356,616	$28.71M	0.5%	$19.79	+4.3%	COM	294268107
—	Cubic Corporation	709,316	$28.34M	0.5%	$43.53	—	COM	229669106
—	Air Methods Corporation	781,213	$28.3M	0.5%	$39.55	—	COM	009128307
—	Spectra Energy Partners, LP	585,218	$28.16M	0.5%	$47.75	—	COM	84756N109
—	Forward Air Corporation	602,449	$27.3M	0.5%	$41.39	—	COM	349853101
F	Ford Motor Company	1,979,380	$26.72M	0.5%	$8.80	-15.4%	COM	345370860
—	Tribune Media Co. Class A	693,089	$26.58M	0.5%	$38.35	—	COM	896047503
DLB	Dolby Laboratories, Inc. Class	596,856	$25.94M	0.5%	$34.46	-5.6%	COM	25659T107
PRSU	Viad Corp	881,547	$25.71M	0.5%	$27.20	-0.2%	COM	92552R406
BLMN	Bloomin' Brands, Inc.	1,497,207	$25.26M	0.5%	$13.12	0.0%	COM	094235108
—	NeuStar, Inc. Class A	1,025,132	$25.22M	0.5%	$41.70	—	COM	64126X201
UNFI	United Natural Foods, Inc.	570,514	$22.99M	0.4%	$44.23	-16.5%	COM	911163103
—	US Ecology, Inc.	514,505	$22.72M	0.4%	$37.08	—	COM	91732J102
—	Rackspace Hosting, Inc.	1,027,334	$22.18M	0.4%	$22.83	—	COM	750086100
CNA	CNA Financial Corporation	639,071	$20.57M	0.4%	$18.12	-14.9%	COM	126117100
—	American National Insurance Co	174,717	$20.18M	0.4%	$97.64	—	COM	028591105
—	PICO Holdings, Inc.	1,906,708	$19.51M	0.3%	$19.71	—	COM	693366205
—	Communications Sales & Leasing	830,872	$18.49M	0.3%	$24.72	—	COM	20341J104
—	Akorn, Inc.	763,858	$17.97M	0.3%	$23.53	—	COM	009728106
SBRA	Sabra Health Care REIT, Inc.	885,185	$17.78M	0.3%	$23.58	—	COM	78573L106
PBF	PBF Energy, Inc. Class A	532,488	$17.68M	0.3%	$31.97	0.0%	COM	69318G106
TNET	TriNet Group, Inc.	1,227,089	$17.61M	0.3%	$13.83	0.0%	COM	896288107
—	Liberty Interactive Corporatio	435,679	$17.04M	0.3%	$40.82	—	COM	53071M880
—	Tech Data Corporation	219,429	$16.85M	0.3%	$61.19	—	COM	878237106
KELYA	Kelly Services, Inc. Class A	874,863	$16.73M	0.3%	$14.47	+0.8%	COM	488152208
AGI	Alamos Gold Inc.	3,127,848	$16.55M	0.3%	$3.74	+2.7%	COM	011532108
RCI	Rogers Communications Inc. Cla	399,700	$16M	0.3%	$40.92	-11.6%	COM	775109200
PAAS	Pan American Silver Corp.	1,466,259	$15.94M	0.3%	$12.33	-30.5%	COM	697900108
—	Kansas City Southern	182,550	$15.6M	0.3%	$78.65	—	COM	485170302
—	SodaStream International Ltd.	1,105,677	$15.57M	0.3%	$20.26	—	COM	M9068E105
—	National CineMedia, Inc.	986,138	$15M	0.3%	$16.90	—	COM	635309107
—	Match Group, Inc.	1,322,444	$14.63M	0.3%	$12.27	—	COM	57665R106
CSWC	Capital Southwest Corporation	1,005,419	$13.95M	0.3%	$4.77	+3.7%	COM	140501107
—	La Quinta Holdings, Inc.	1,110,130	$13.88M	0.2%	$12.50	—	COM	50420D108
—	TransMontaigne Partners L.P.	362,498	$13.29M	0.2%	$40.04	—	COM	89376V100
—	Carmike Cinemas, Inc.	442,145	$13.28M	0.2%	$20.93	—	COM	143436400
—	Energen Corporation	360,281	$13.18M	0.2%	$36.59	—	COM	29265N108
—	QEP Resources, Inc.	930,691	$13.13M	0.2%	$18.30	—	COM	74733V100
—	Alleghany Corporation	26,141	$12.97M	0.2%	$396.03	—	COM	017175100
LBRDK	Liberty Broadband Corp. Class	221,760	$12.85M	0.2%	$49.22	-4.4%	COM	530307305
EPM	Evolution Petroleum Corporatio	2,574,526	$12.51M	0.2%	$5.13	-52.2%	COM	30049A107
SYBT	Stock Yards Bancorp, Inc.	312,161	$12.03M	0.2%	$22.97	+8.9%	COM	861025104
—	Leucadia National Corporation	692,242	$11.19M	0.2%	$24.28	—	COM	527288104
—	Fresh Market, Inc.	388,896	$11.1M	0.2%	$22.63	—	COM	35804H106
—	J. Alexander's Holdings, Inc.	1,018,420	$10.76M	0.2%	$10.42	—	COM	46609J106
MSGS	Madison Square Garden Co. Clas	63,076	$10.49M	0.2%	$117.66	-5.4%	COM	55825T103
—	Gran Tierra Energy Inc.	4,224,707	$10.44M	0.2%	$2.73	—	COM	38500T101
—	Michael Kors Holdings Ltd	178,611	$10.17M	0.2%	$41.80	—	COM	G60754101
CODI	Compass Diversified Holdings	645,963	$10.11M	0.2%	$7.25	+7.2%	COM	20451Q104
ITRN	Ituran Location & Control Ltd.	486,424	$9.558M	0.2%	$21.12	-15.7%	COM	M6158M104
BRO	Brown & Brown, Inc.	265,633	$9.51M	0.2%	$14.40	+2.2%	COM	115236101
AGX	Argan, Inc.	250,619	$8.812M	0.2%	$26.22	-6.3%	COM	04010E109
PG	Procter & Gamble Company	104,923	$8.636M	0.2%	$55.66	+10.7%	COM	742718109
MRTN	Marten Transport, Ltd.	455,808	$8.533M	0.2%	$5.97	-4.8%	COM	573075108
MCRI	Monarch Casino & Resort, Inc.	421,893	$8.21M	0.1%	$13.57	+47.5%	COM	609027107
MCS	Marcus Corporation	419,927	$7.958M	0.1%	$19.33	-3.3%	COM	566330106
NGD	New Gold Inc.	2,070,512	$7.723M	0.1%	$5.47	-45.6%	COM	644535106
—	Atlantic Tele-Network, Inc.	101,516	$7.698M	0.1%	$49.93	—	COM	049079205
NWSA	News Corporation Class A	592,640	$7.568M	0.1%	$12.49	-15.8%	COM	65249B109
—	Premier Inc. Class A	217,130	$7.243M	0.1%	$33.36	—	COM	74051N102
—	American Science and Engineeri	243,951	$6.755M	0.1%	$27.69	—	COM	029429107
—	Forest City Realty Trust Inc C	308,470	$6.506M	0.1%	$21.93	—	COM	345605109
—	General Electric Company	199,405	$6.339M	0.1%	$24.23	—	COM	369604103
SRCE	1st Source Corporation	197,940	$6.302M	0.1%	$31.93	—	COM	336901103
—	UCP, Inc. Class A	735,754	$5.915M	0.1%	$7.57	—	COM	90265Y106
—	Liberty Tax, Inc. Class A	291,939	$5.719M	0.1%	$24.54	—	COM	53128T102
WASH	Washington Trust Bancorp, Inc.	149,166	$5.567M	0.1%	$22.64	-0.4%	COM	940610108
—	PHI, Inc. Non-Voting	291,013	$5.497M	0.1%	$31.12	—	COM	69336T205
FCNCA	First Citizens BancShares, Inc	20,184	$5.068M	0.1%	$188.90	+22.8%	COM	31946M103
GNTX	Gentex Corporation	249,083	$3.908M	0.1%	$14.56	0.0%	COM	371901109
—	Empire District Electric Compa	118,197	$3.906M	0.1%	$21.88	—	COM	291641108
—	Park Electrochemical Corp.	232,736	$3.726M	0.1%	$16.01	—	COM	700416209
WSBC	WesBanco, Inc.	97,777	$2.905M	0.1%	$28.57	0.0%	COM	950810101
CMCSA	Comcast Corporation Class A	45,828	$2.799M	0.1%	$17.92	+27.0%	COM	20030N101
BRK/B	Berkshire Hathaway Inc. Class	19,372	$2.748M	0.0%	$136.41	-2.8%	COM	084670702
—	Raven Industries, Inc.	161,537	$2.588M	0.0%	$15.79	—	COM	754212108
BHE	Benchmark Electronics, Inc.	103,435	$2.384M	0.0%	$17.57	-0.2%	COM	08160H101
—	Liberty Media Corp Class C	56,311	$2.145M	0.0%	$45.32	—	COM	531229300
—	Baldwin & Lyons, Inc. Class B	81,529	$2.006M	0.0%	$24.27	—	COM	057755209
—	Oaktree Capital Group, LLC Cla	38,901	$1.919M	0.0%	$50.82	—	COM	674001201
—	Express Scripts Holding Compan	24,063	$1.653M	0.0%	$68.69	—	COM	30219G108
GOOG	Alphabet Inc. Class C	1,564	$1.165M	0.0%	$35.55	0.0%	COM	02079K107
RL	Ralph Lauren Corporation Class	10,487	$1.009M	0.0%	$96.36	-16.7%	COM	751212101
PYPL	PayPal Holdings Inc	23,108	$892K	0.0%	$35.85	+0.5%	COM	70450Y103
—	Primero Mining Corp.	400,369	$725K	0.0%	$2.23	—	COM	74164W106
—	Spirit AeroSystems Holdings, I	15,746	$714K	0.0%	$45.34	—	COM	848574109
—	Baker Hughes Incorporated	15,030	$659K	0.0%	$43.85	—	COM	057224107
PKG	Packaging Corporation of Ameri	8,367	$505K	0.0%	$39.93	0.0%	COM	695156109
VLGEA	Village Super Market, Inc. Cla	13,803	$333K	0.0%	$34.95	-29.1%	COM	927107409