Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp.	1,640,371	$334M	5.1%	—	—	COMMON	594918104
BIDU	Baidu, Inc. ADR	2,737,733	$328M	5.0%	—	—	ADR	056752108
PM	Philip Morris Intl, Inc.	4,436,972	$311M	4.7%	—	—	COMMON	718172109
MAT	Mattel, Inc.	17,687,993	$171M	2.6%	—	—	COMMON	577081102
KMT	Kennametal, Inc.	5,814,629	$167M	2.5%	—	—	COMMON	489170100
—	Stericycle Inc.	2,915,590	$163M	2.5%	—	—	COMMON	858912108
—	Interpublic Group of Cos., Inc.	9,027,084	$155M	2.4%	—	—	COMMON	460690100
—	Lazard Ltd.	5,396,999	$155M	2.4%	—	—	COMMON	G54050102
FAF	First American Financial Corp.	3,163,594	$152M	2.3%	—	—	COMMON	31847R102
KKR	KKR & Co Inc.	4,653,028	$144M	2.2%	—	—	COMMON	48251W104
NTRS	Northern Trust Corp.	1,809,103	$144M	2.2%	—	—	COMMON	665859104
GILD	Gilead Sciences, Inc.	1,852,515	$143M	2.2%	—	—	COMMON	375558103
—	ViacomCBS Inc.	6,053,571	$141M	2.2%	—	—	COMMON	92556H206
SNA	Snap-on, Inc.	975,543	$135M	2.1%	—	—	COMMON	833034101
BRK/B	Berkshire Hathaway Inc.	749,557	$134M	2.0%	—	—	COMMON	084670702
NVST	Envista Holdings Corp	6,144,385	$130M	2.0%	—	—	COMMON	29415F104
JNJ	Johnson & Johnson	908,980	$128M	1.9%	—	—	COMMON	478160104
—	Laboratory Corp. of America Holdings	745,438	$124M	1.9%	—	—	COMMON	50540R409
SJM	J.M. Smucker Co.	1,076,328	$114M	1.7%	—	—	COMMON	832696405
—	Nielsen Holdings plc	7,615,704	$113M	1.7%	—	—	COMMON	G6518L108
CRL	Charles River Laboratories Intl, Inc.	624,606	$109M	1.7%	—	—	COMMON	159864107
—	MSG Networks, Inc.	9,277,337	$92.31M	1.4%	—	—	COMMON	553573106
KEYS	Keysight Technologies, Inc.	904,124	$91.12M	1.4%	—	—	COMMON	49338L103
CBRE	CBRE Group, Inc.	1,966,938	$88.94M	1.4%	—	—	COMMON	12504L109
CVSA	Adtalem Global Education, Inc.	2,824,755	$87.99M	1.3%	—	—	COMMON	00737L103
BOKF	BOK Financial Corp.	1,517,097	$85.63M	1.3%	—	—	COMMON	05561Q201
VZ	Verizon Communications Inc.	1,526,810	$84.17M	1.3%	—	—	COMMON	92343V104
JLL	JLL	807,903	$83.59M	1.3%	—	—	COMMON	48020Q107
ZBRA	Zebra Technologies Corp.	319,724	$81.83M	1.2%	—	—	COMMON	989207105
MHK	Mohawk Industries, Inc.	798,497	$81.25M	1.2%	—	—	COMMON	608190104
SPHR	Madison Square Garden Entertainment	1,080,307	$81.02M	1.2%	—	—	COMMON	55826T102
SWK	Stanley Black & Decker, Inc.	560,760	$78.16M	1.2%	—	—	COMMON	854502101
BWA	BorgWarner, Inc.	2,085,534	$73.62M	1.1%	—	—	COMMON	099724106
TGNA	TEGNA, Inc.	6,568,089	$73.17M	1.1%	—	—	COMMON	87901J105
KN	Knowles Corporation	4,674,554	$71.33M	1.1%	—	—	COMMON	49926D109
NOK	Nokia Corp. ADR	15,720,365	$69.17M	1.1%	—	—	ADR	654902204
LFUS	Littelfuse, Inc.	401,840	$68.57M	1.0%	—	—	COMMON	537008104
MTN	Vail Resorts Inc	374,651	$68.24M	1.0%	—	—	COMMON	91879Q109
PGR	Progressive Corp.	841,182	$67.39M	1.0%	—	—	COMMON	743315103
DOX	Amdocs Ltd.	1,003,050	$61.07M	0.9%	—	—	COMMON	G02602103
SSD	Simpson Manufacturing Co., Inc.	713,992	$60.23M	0.9%	—	—	COMMON	829073105
MAS	Masco Corporation	1,182,821	$59.39M	0.9%	—	—	COMMON	574599106
ZBH	Zimmer Biomet Holdings, Inc.	480,064	$57.3M	0.9%	—	—	COMMON	98956P102
AMG	Affiliated Managers Group, Inc.	749,289	$55.87M	0.9%	—	—	COMMON	008252108
AFL	Aflac, Inc.	1,404,877	$50.62M	0.8%	—	—	COMMON	001055102
—	Meredith Corp.	3,324,043	$48.37M	0.7%	—	—	COMMON	589433101
JHG	Janus Henderson Group plc	2,050,225	$43.38M	0.7%	—	—	ORD SHS	G4474Y214
—	Core Laboratories N.V.	2,084,533	$42.36M	0.6%	—	—	COMMON	N22717107
—	GlaxoSmithKline plc ADR	1,023,455	$41.75M	0.6%	—	—	ADR	37733W105
GNRC	Generac Holdings Inc.	309,243	$37.71M	0.6%	—	—	COMMON	368736104
KMX	CarMax Inc.	407,735	$36.51M	0.6%	—	—	COMMON	143130102
GS	Goldman Sachs Group, Inc.	181,176	$35.8M	0.5%	—	—	COMMON	38141G104
CAH	Cardinal Health, Inc.	678,109	$35.39M	0.5%	—	—	COMMON	14149Y108
SCHW	The Charles Schwab Corporation	990,981	$33.44M	0.5%	—	—	COMMON	808513105
BIO	Bio-Rad Laboratories, Inc.	72,686	$32.82M	0.5%	—	—	COMMON	090572207
BCO	Brink's Co.	715,264	$32.55M	0.5%	—	—	COMMON	109696104
—	U.S. Silica Holdings, Inc.	8,774,459	$31.68M	0.5%	—	—	COMMON	90346E103
WTW	Willis Towers Watson plc	160,420	$31.59M	0.5%	—	—	SHS	G96629103
—	Foot Locker, Inc.	1,053,395	$30.72M	0.5%	—	—	COMMON	344849104
VEA	Vanguard FTSE Developed ETF	786,166	$30.5M	0.5%	—	—	ETF	921943858
HLI	Houlihan Lokey, Inc.	534,779	$29.75M	0.5%	—	—	COMMON	441593100
—	Walgreens Boots Alliance Inc.	689,297	$29.22M	0.4%	—	—	COMMON	931427108
MEI	Methode Electronics Inc.	921,805	$28.82M	0.4%	—	—	COMMON	591520200
OMC	Omnicom Group, Inc.	491,248	$26.82M	0.4%	—	—	COMMON	681919106
CHKP	Check Point Software Technologies Ltd.	247,949	$26.64M	0.4%	—	—	ORD	M22465104
—	China Mobile Ltd. ADR	709,968	$23.88M	0.4%	—	—	ADR	16941M109
RCL	Royal Caribbean Cruises Ltd.	468,400	$23.56M	0.4%	—	—	COMMON	V7780T103
—	National Oilwell Varco	1,847,467	$22.63M	0.3%	—	—	COMMON	637071101
TPR	Tapestry, Inc.	1,703,472	$22.62M	0.3%	—	—	COMMON	876030107
KFY	Korn/Ferry International	734,797	$22.58M	0.3%	—	—	COMMON	500643200
NTAP	NetApp Inc.	500,041	$22.19M	0.3%	—	—	COMMON	64110D104
MSGS	Madison Square Garden Sports Corp.	150,129	$22.05M	0.3%	—	—	COMMON	55825T103
BMY	Bristol-Myers Squibb Co.	356,396	$20.96M	0.3%	—	—	COMMON	110122108
OSW	OneSpaWorld Holdings Limited	4,100,708	$19.56M	0.3%	—	—	COMMON	P73684113
BRC	Brady Corp.	402,313	$18.84M	0.3%	—	—	COMMON	104674106
—	Acacia Communications, Inc.	260,215	$17.48M	0.3%	—	—	COMMON	00401C108
VOD	Vodafone Group PLC ADR	1,060,825	$16.91M	0.3%	—	—	ADR	92857W308
TAP	Molson Coors Beverage Co	479,437	$16.47M	0.3%	—	—	COMMON	60871R209
EOG	EOG Resources Inc.	316,900	$16.05M	0.2%	—	—	COMMON	26875P101
NCLH	Norwegian Cruise Line Holdings Ltd	971,672	$15.96M	0.2%	—	—	COMMON	G66721104
—	Equity Commonwealth	431,367	$13.89M	0.2%	—	—	COMMON	294628102
BSAC	Banco Santander-Chile ADR	717,840	$11.77M	0.2%	—	—	ADR	05965X109
IBKR	Interactive Brokers Group Inc	275,652	$11.51M	0.2%	—	—	COMMON	45841N107
EVR	Evercore Inc	191,818	$11.3M	0.2%	—	—	COMMON	29977A105
BAP	Credicorp Ltd	83,925	$11.22M	0.2%	—	—	COMMON	G2519Y108
MIDD	The Middleby Corporation	139,508	$11.01M	0.2%	—	—	COMMON	596278101
USB	U.S. Bancorp	295,549	$10.88M	0.2%	—	—	COMMON	902973304
—	Rosetta Stone Inc.	587,207	$9.9M	0.2%	—	—	COMMON	777780107
—	MTS Systems Corp.	547,752	$9.635M	0.1%	—	—	COMMON	553777103
HMN	Horace Mann Educators Corp.	257,965	$9.475M	0.1%	—	—	COMMON	440327104
CCL	Carnival Corp	560,533	$9.204M	0.1%	—	—	COMMON	143658300
ORCL	Oracle Corp.	160,179	$8.853M	0.1%	—	—	COMMON	68389X105
—	Cowen Inc.	533,287	$8.645M	0.1%	—	—	COMMON	223622606
—	Team, Inc.	1,539,876	$8.577M	0.1%	—	—	COMMON	878155100
WU	Western Union Co.	396,620	$8.575M	0.1%	—	—	COMMON	959802109
—	Nordstrom, Inc.	522,439	$8.093M	0.1%	—	—	COMMON	655664100
ACTG	Acacia Research Corp.	1,745,534	$7.139M	0.1%	—	—	COMMON	003881307
—	ORBCOMM, Inc.	1,801,022	$6.934M	0.1%	—	—	COMMON	68555P100
—	Kindred Biosciences, Inc.	1,533,812	$6.887M	0.1%	—	—	COMMON	494577109
LMT	Lockheed Martin Corp.	17,753	$6.478M	0.1%	—	—	COMMON	539830109
ICE	IntercontinentalExchange, Inc.	69,779	$6.392M	0.1%	—	—	COMMON	45866F104
—	Discover Financial Services	126,453	$6.334M	0.1%	—	—	COMMON	254709108
MOS	Mosaic Co.	398,008	$4.979M	0.1%	—	—	COMMON	61945C103
IWN	iShares Russell 2000V ETF	50,654	$4.937M	0.1%	—	—	ETF	464287630
MATW	Matthews Intl Corp.	255,756	$4.885M	0.1%	—	—	COMMON	577128101
—	Hanger, Inc.	292,894	$4.85M	0.1%	—	—	COMMON	41043F208
—	RealNetworks, Inc.	3,471,438	$4.513M	0.1%	—	—	COMMON	75605L708
—	Ballantyne Strong, Inc.	2,649,581	$4.345M	0.1%	—	—	COMMON	058516105
LAKE	Lakeland Industries, Inc.	189,302	$4.246M	0.1%	—	—	COMMON	511795106
GAIA	Gaia, Inc.	499,744	$4.188M	0.1%	—	—	COMMON	36269P104
—	180 Degree Capital Corp.	2,274,863	$3.958M	0.1%	—	—	COMMON	68235B109
CSCO	Cisco Systems, Inc.	83,690	$3.903M	0.1%	—	—	COMMON	17275R102
—	Apache Corp.	286,010	$3.861M	0.1%	—	—	COMMON	037411105
—	Mitcham Industries, Inc.	2,410,769	$3.857M	0.1%	—	—	COMMON	606501104
BK	Bank of New York Mellon Corp.	98,536	$3.808M	0.1%	—	—	COMMON	064058100
GRBK	Green Brick Partners Inc.	319,716	$3.789M	0.1%	—	—	COMMON	392709101
TRC	Tejon Ranch Co.	257,799	$3.712M	0.1%	—	—	COMMON	879080109
QCOM	QUALCOMM Inc.	40,355	$3.681M	0.1%	—	—	COMMON	747525103
CNTY	Century Casinos, Inc.	868,087	$3.603M	0.1%	—	—	COMMON	156492100
XOM	Exxon Mobil Corp.	72,398	$3.238M	0.0%	—	—	COMMON	30231G102
—	Perceptron, Inc.	926,360	$3.066M	0.0%	—	—	COMMON	71361F100
GSIT	GSI Technology Inc.	368,150	$2.643M	0.0%	—	—	COMMON	36241U106
CPIX	Cumberland Pharmaceuticals, Inc.	782,441	$2.606M	0.0%	—	—	COMMON	230770109
—	Jernigan Capital, Inc.	172,596	$2.361M	0.0%	—	—	COMMON	476405105
—	EMCORE Corporation	738,801	$2.349M	0.0%	—	—	COMMON	290846203
—	Safeguard Scientifics Inc.	334,212	$2.339M	0.0%	—	—	COMMON	786449207
ALOT	AstroNova, Inc.	282,971	$2.252M	0.0%	—	—	COMMON	04638F108
PCYO	Pure Cycle Corp.	240,847	$2.213M	0.0%	—	—	COMMON	746228303
CSWC	Capital Southwest Corp.	156,153	$2.105M	0.0%	—	—	COMMON	140501107
STRT	Strattec Security Corp.	127,836	$2.038M	0.0%	—	—	COMMON	863111100
—	ZAGG Inc	587,007	$1.843M	0.0%	—	—	COMMON	98884U108
NVS	Novartis AG ADR	20,344	$1.777M	0.0%	—	—	ADR	66987V109
IDCC	InterDigital Inc.	31,236	$1.769M	0.0%	—	—	COMMON	45867G101
—	Enzo Biochem, Inc.	659,316	$1.477M	0.0%	—	—	COMMON	294100102
MOV	Movado Group Inc.	117,725	$1.276M	0.0%	—	—	COMMON	624580106
—	Synacor, Inc.	969,883	$1.096M	0.0%	—	—	COMMON	871561106
—	Orion Energy Systems, Inc.	279,414	$967K	0.0%	—	—	COMMON	686275108
RBCN	Rubicon Technology, Inc.	57,087	$464K	0.0%	—	—	COMMON	78112T206
GIFI	Gulf Island Fabrication, Inc.	132,838	$408K	0.0%	—	—	COMMON	402307102
—	PCTEL, Inc.	54,675	$365K	0.0%	—	—	COMMON	69325Q105
NVO	Novo Nordisk A/S ADR	4,502	$295K	0.0%	—	—	ADR	670100205
ACWX	ISHARES MSCI ACWI EX US ETF	5,804	$251K	0.0%	—	—	ETF	464288240
GLAE	GlassBridge Enterprises Inc.	2,351	$212K	0.0%	—	—	COMMON	377185202
CRWS	Crown Crafts, Inc.	36,857	$181K	0.0%	—	—	COMMON	228309100
—	PICO Holdings Inc	19,581	$165K	0.0%	—	—	COMMON	693366205
AXTI	AXT Inc.	31,398	$149K	0.0%	—	—	COMMON	00246W103
RFIL	RF Industries Ltd	14,987	$70,000	0.0%	—	—	COMMON	749552105