Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVR	NVR INC COM	1,300	$3.168M	4.3%	$2760.96	-14.4%	Stock	62944T105
TBBK	BANCORP INC DEL COM	304,206	$2.421M	3.3%	$10.11	-7.3%	Stock	05969A105
—	CAMBRIDGE BANCORP COM	26,757	$2.228M	3.0%	$49.08	—	Stock	132152109
MRK	MERCK & CO INC COM	28,552	$2.182M	2.9%	$50.71	+11.4%	Stock	58933Y105
PFE	PFIZER INC COM	47,367	$2.068M	2.8%	$20.75	+44.7%	Stock	717081103
ABBV	ABBVIE INC COM	20,976	$1.934M	2.6%	$69.17	-6.3%	Stock	00287Y109
CVX	CHEVRON CORP NEW COM	17,225	$1.874M	2.5%	$79.00	+7.3%	Stock	166764100
BMY	BRISTOL MYERS SQUIBB CO COM	33,728	$1.753M	2.4%	$39.46	+3.8%	Stock	110122108
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	8,562	$1.748M	2.4%	$140.69	+48.5%	Stock	084670702
—	PIONEER NAT RES CO COM	12,311	$1.619M	2.2%	$151.47	—	Stock	723787107
IBM	INTERNATIONAL BUSINESS MACHS COM	13,618	$1.548M	2.1%	$102.29	-14.0%	Stock	459200101
GILD	GILEAD SCIENCES INC COM	24,452	$1.529M	2.1%	$52.30	+1.4%	Stock	375558103
—	NOBLE ENERGY INC COM	80,233	$1.505M	2.0%	$28.30	—	Stock	655044105
EOG	EOG RES INC COM	16,736	$1.46M	2.0%	$90.57	-10.9%	Stock	26875P101
LLY	LILLY ELI & CO COM	12,545	$1.452M	2.0%	$54.19	+87.1%	Stock	532457108
HON	HONEYWELL INTL INC COM	10,216	$1.35M	1.8%	$67.24	+75.1%	Stock	438516106
WAL	WESTERN ALLIANCE BANCORP COM	33,582	$1.326M	1.8%	$20.53	+99.8%	Stock	957638109
LEN	LENNAR CORP CL A	33,540	$1.313M	1.8%	$33.61	+11.4%	Stock	526057104
CF	CF INDS HLDGS INC COM	29,307	$1.275M	1.7%	$21.45	+83.1%	Stock	125269100
WFC	WELLS FARGO CO NEW COM	26,018	$1.199M	1.6%	$38.13	+10.2%	Stock	949746101
—	ALLERGAN PLC SHS	8,930	$1.194M	1.6%	$167.62	—	Stock	G0177J108
MOS	MOSAIC CO NEW COM	36,977	$1.08M	1.5%	$26.55	+9.3%	Stock	61945C103
JPM	JPMORGAN CHASE & CO COM	10,785	$1.053M	1.4%	$91.45	-4.3%	Stock	46625H100
XOM	EXXON MOBIL CORP COM	15,310	$1.044M	1.4%	$58.19	-3.1%	Stock	30231G102
DIS	DISNEY WALT CO COM DISNEY	8,868	$972K	1.3%	$82.42	+32.4%	Stock	254687106
—	SYNOVUS FINL CORP COM NEW	27,875	$892K	1.2%	$38.02	—	Stock	87161C501
CB	CHUBB LIMITED COM	6,676	$862K	1.2%	$118.72	-3.6%	Stock	H1467J104
GIS	GENERAL MLS INC COM	22,060	$859K	1.2%	$35.36	-6.7%	Stock	370334104
—	WESTROCK CO COM	22,415	$846K	1.1%	$41.37	—	Stock	96145D105
JNJ	JOHNSON & JOHNSON COM	6,241	$805K	1.1%	$88.22	+29.4%	Stock	478160104
GM	GENERAL MTRS CO COM	23,778	$795K	1.1%	$33.03	-5.2%	Stock	37045V100
BF/B	BROWN FORMAN CORP CL B	16,355	$778K	1.1%	$34.84	+20.8%	Stock	115637209
OMF	ONEMAIN HLDGS INC COM	31,404	$763K	1.0%	$35.02	-18.7%	Stock	68268W103
—	CIMAREX ENERGY CO COM	11,694	$721K	1.0%	$109.67	—	Stock	171798101
—	CENTRAL SECS CORP COM	29,000	$720K	1.0%	$22.98	—	CEF	155123102
—	TRISTATE CAP HLDGS INC COM	36,906	$718K	1.0%	$24.62	—	Stock	89678F100
DE	DEERE & CO COM	4,785	$714K	1.0%	$69.38	+89.9%	Stock	244199105
—	ENSCO PLC SHS CLASS A	197,503	$703K	0.9%	$6.93	—	Stock	G3157S106
BANR	BANNER CORP COM NEW	12,940	$692K	0.9%	$48.66	-8.5%	Stock	06652V208
—	NOBLE CORP PLC SHS USD	260,530	$683K	0.9%	$4.69	—	Stock	G65431101
T	AT&T INC COM	23,015	$657K	0.9%	$14.36	-2.3%	Stock	00206R102
ABT	ABBOTT LABS COM	9,084	$657K	0.9%	$34.61	+79.6%	Stock	002824100
INTC	INTEL CORP COM	13,627	$640K	0.9%	$33.74	+19.1%	Stock	458140100
AAPL	APPLE INC COM	4,000	$631K	0.9%	$23.28	+97.7%	Stock	037833100
UCB	UNITED CMNTY BKS BLAIRSVLE GA COM	27,782	$596K	0.8%	$30.31	-18.5%	Stock	90984P303
—	PARSLEY ENERGY INC CL A	37,269	$596K	0.8%	$27.93	—	Stock	701877102
VMC	VULCAN MATLS CO COM	6,000	$593K	0.8%	$57.55	+65.5%	Stock	929160109
BF/A	BROWN FORMAN CORP CL A	12,350	$586K	0.8%	$24.42	+72.6%	Stock	115637100
BOKF	BOK FINL CORP COM NEW	7,735	$567K	0.8%	$82.31	-14.7%	Stock	05561Q201
AXP	AMERICAN EXPRESS CO COM	5,950	$567K	0.8%	$76.98	+23.4%	Stock	025816109
—	ANNALY CAP MGMT INC COM	57,630	$566K	0.8%	$10.22	—	REIT	035710409
CL	COLGATE PALMOLIVE CO COM	9,425	$561K	0.8%	$50.92	+3.9%	Stock	194162103
—	LYON WILLIAM HOMES CL A NEW	50,450	$539K	0.7%	$18.18	—	Stock	552074700
PEP	PEPSICO INC COM	4,850	$536K	0.7%	$64.88	+39.8%	Stock	713448108
—	TRITON INTL LTD CL A	16,656	$518K	0.7%	$31.10	—	Stock	G9078F107
FRPH	FRP HLDGS INC COM	10,800	$497K	0.7%	$32.14	-22.6%	Stock	30292L107
SM	SM ENERGY CO COM	31,440	$487K	0.7%	$25.15	-17.1%	Stock	78454L100
—	CONCHO RES INC COM	4,610	$474K	0.6%	$102.82	—	Stock	20605P101
BA	BOEING CO COM	1,450	$468K	0.6%	$115.83	+189.2%	Stock	097023105
ADBE	ADOBE INC COM	2,000	$452K	0.6%	$257.84	-6.4%	Stock	00724F101
PCAR	PACCAR INC COM	7,676	$439K	0.6%	$26.98	+10.9%	Stock	693718108
ZION	ZIONS BANCORPORATION N A COM	10,710	$436K	0.6%	$34.94	+33.4%	Stock	989701107
PAA	PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	20,550	$412K	0.6%	$37.06	—	Stock	726503105
ENB	ENBRIDGE INC COM	12,962	$403K	0.5%	$20.25	0.0%	Stock	29250N105
—	BLACKSTONE GROUP L P COM UNIT LTD	13,300	$396K	0.5%	$35.33	—	Stock	09253U108
CAT	CATERPILLAR INC DEL COM	3,000	$381K	0.5%	$79.29	+40.6%	Stock	149123101
V	VISA INC COM CL A	2,800	$369K	0.5%	$135.08	-2.7%	Stock	92826C839
EPD	ENTERPRISE PRODS PARTNERS L P COM	14,280	$351K	0.5%	$37.06	—	Stock	293792107
—	ROYAL DUTCH SHELL PLC SPONS ADR A	6,000	$350K	0.5%	$74.65	—	ADR	780259206
TRV	TRAVELERS COMPANIES INC COM	2,805	$336K	0.5%	$109.30	-1.9%	Stock	89417E109
—	CAPSTEAD MTG CORP COM NO PAR	49,325	$329K	0.4%	$7.31	—	REIT	14067E506
—	CELGENE CORP COM	4,967	$318K	0.4%	$64.02	—	Stock	151020104
—	EATON VANCE CORP COM NON VTG	8,931	$314K	0.4%	$38.20	—	Stock	278265103
—	UNITED STATES STL CORP NEW COM	17,230	$314K	0.4%	$34.12	—	Stock	912909108
BAC	BANK AMER CORP COM	12,490	$308K	0.4%	$12.57	+81.4%	Stock	060505104
HSY	HERSHEY CO COM	2,850	$305K	0.4%	$70.60	+27.5%	Stock	427866108
—	TEKLA HEALTHCARE INVS SH BEN INT	17,000	$305K	0.4%	$21.71	—	CEF	87911J103
VFC	V F CORP COM	4,152	$296K	0.4%	$51.72	+47.9%	Stock	918204108
HD	HOME DEPOT INC COM	1,655	$284K	0.4%	$65.73	+128.8%	Stock	437076102
—	PACWEST BANCORP DEL COM	8,228	$274K	0.4%	$41.21	—	Stock	695263103
—	MCDERMOTT INTL INC COM	40,442	$264K	0.4%	$19.40	—	Stock	580037703
MMM	3M CO COM	1,328	$253K	0.3%	$132.20	-3.0%	Stock	88579Y101
CASH	META FINL GROUP INC COM	12,937	$251K	0.3%	$28.55	-21.2%	Stock	59100U108
BOH	BANK HAWAII CORP COM	3,727	$251K	0.3%	$41.63	+37.2%	Stock	062540109
ETN	EATON CORP PLC SHS	3,640	$250K	0.3%	$71.00	-8.4%	Stock	G29183103
CINF	CINCINNATI FINL CORP COM	3,150	$244K	0.3%	$44.81	+44.3%	Stock	172062101
KO	COCA COLA CO COM	5,122	$243K	0.3%	$29.36	+30.8%	Stock	191216100
—	PHYSICIANS RLTY TR COM	15,000	$240K	0.3%	$16.95	—	REIT	71943U104
RRC	RANGE RES CORP COM	23,625	$226K	0.3%	$16.05	-5.3%	Stock	75281A109
ET	ENERGY TRANSFER LP COM UT LTD PTN	16,932	$224K	0.3%	$16.07	—	Stock	29273V100
AMZN	AMAZON COM INC COM	145	$218K	0.3%	$55.02	+51.1%	Stock	023135106
UNP	UNION PAC CORP COM	1,580	$218K	0.3%	$100.79	+25.4%	Stock	907818108
SBCF	SEACOAST BKG CORP FLA COM NEW	7,815	$203K	0.3%	$10.55	+154.0%	Stock	811707801
—	GENERAL ELECTRIC CO COM	26,775	$203K	0.3%	$26.83	—	Stock	369604103
SBLK	STAR BULK CARRIERS CORP SHS PAR	16,062	$147K	0.2%	$12.52	-12.6%	Stock	Y8162K204
—	GOLAR LNG PARTNERS LP COM UNIT LPI	12,645	$137K	0.2%	$14.45	—	Stock	Y2745C102
SALTUSD	SCORPIO BULKERS INC COM	24,145	$134K	0.2%	$6.09	—	Stock	Y7546A122
—	OASIS PETE INC NEW COM	19,173	$106K	0.1%	$11.30	—	Stock	674215108
—	NABORS INDUSTRIES LTD SHS	47,685	$95,000	0.1%	$5.12	—	Stock	G6359F103
—	EAGLE BULK SHIPPING INC SHS NEW	17,550	$81,000	0.1%	$4.43	—	Stock	Y2187A143
—	AK STL HLDG CORP COM	25,232	$57,000	0.1%	$4.60	—	Stock	001547108
—	WEATHERFORD INTL PLC ORD SHS	25,900	$14,000	0.0%	$1.21	—	Stock	G48833100
—	SANCHEZ ENERGY CORP COM	18,275	$5,000	0.0%	$1.38	—	Stock	79970Y105