Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVR	NVR INC COM	1,233	$3.412M	4.1%	$2760.96	-4.7%	Stock	62944T105
TBBK	BANCORP INC DEL COM	288,081	$2.328M	2.8%	$10.11	-14.5%	Stock	05969A105
CVX	CHEVRON CORP NEW COM	18,043	$2.223M	2.6%	$79.38	+10.2%	Stock	166764100
—	CAMBRIDGE BANCORP COM	25,744	$2.133M	2.5%	$49.08	—	Stock	132152109
MRK	MERCK & CO INC COM	25,552	$2.125M	2.5%	$50.71	+18.9%	Stock	58933Y105
—	PIONEER NAT RES CO COM	13,051	$1.987M	2.4%	$151.51	—	Stock	723787107
PFE	PFIZER INC COM	46,794	$1.987M	2.4%	$20.75	+40.9%	Stock	717081103
IBM	INTERNATIONAL BUSINESS MACHS COM	14,029	$1.979M	2.4%	$102.06	-7.3%	Stock	459200101
—	NOBLE ENERGY INC COM	76,779	$1.899M	2.3%	$28.30	—	Stock	655044105
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	8,597	$1.727M	2.1%	$140.69	+43.5%	Stock	084670702
ABBV	ABBVIE INC COM	21,374	$1.723M	2.0%	$69.02	-11.6%	Stock	00287Y109
EOG	EOG RES INC COM	17,381	$1.654M	2.0%	$89.88	-20.0%	Stock	26875P101
LEN	LENNAR CORP CL A	33,215	$1.631M	1.9%	$33.61	+23.7%	Stock	526057104
BMY	BRISTOL MYERS SQUIBB CO COM	33,443	$1.596M	1.9%	$39.46	-2.9%	Stock	110122108
GILD	GILEAD SCIENCES INC COM	24,356	$1.583M	1.9%	$52.30	-2.8%	Stock	375558103
HON	HONEYWELL INTL INC COM	9,732	$1.547M	1.8%	$67.24	+80.2%	Stock	438516106
WAL	WESTERN ALLIANCE BANCORP COM	33,582	$1.378M	1.6%	$20.53	+86.3%	Stock	957638109
—	WESTROCK CO COM	34,890	$1.338M	1.6%	$40.29	—	Stock	96145D105
XOM	EXXON MOBIL CORP COM	16,195	$1.309M	1.6%	$58.04	-4.5%	Stock	30231G102
LLY	LILLY ELI & CO COM	9,831	$1.276M	1.5%	$54.19	+104.7%	Stock	532457108
GIS	GENERAL MLS INC COM	23,580	$1.22M	1.5%	$35.38	+1.1%	Stock	370334104
WFC	WELLS FARGO CO NEW COM	24,688	$1.193M	1.4%	$38.13	+6.9%	Stock	949746101
CF	CF INDS HLDGS INC COM	28,974	$1.184M	1.4%	$21.45	+66.7%	Stock	125269100
JPM	JPMORGAN CHASE & CO COM	11,010	$1.115M	1.3%	$91.32	-6.5%	Stock	46625H100
DIS	DISNEY WALT CO COM DISNEY	9,297	$1.032M	1.2%	$83.60	+29.0%	Stock	254687106
—	ALLERGAN PLC SHS	6,937	$1.016M	1.2%	$167.62	—	Stock	G0177J108
—	TRISTATE CAP HLDGS INC COM	49,185	$1.005M	1.2%	$23.57	—	Stock	89678F100
T	AT&T INC COM	31,260	$980K	1.2%	$14.30	-1.0%	Stock	00206R102
MOS	MOSAIC CO NEW COM	35,039	$957K	1.1%	$26.55	+1.4%	Stock	61945C103
OMF	ONEMAIN HLDGS INC COM	30,024	$953K	1.1%	$35.02	-11.6%	Stock	68268W103
CB	CHUBB LIMITED COM	6,704	$939K	1.1%	$118.72	-0.2%	Stock	H1467J104
—	PARSLEY ENERGY INC CL A	47,569	$918K	1.1%	$26.06	—	Stock	701877102
—	ENSCO ROWAN PLC SHS CLASS A	228,958	$900K	1.1%	$3.93	—	Stock	G3166L100
BF/B	BROWN FORMAN CORP CL B	16,705	$882K	1.0%	$35.02	+23.2%	Stock	115637209
—	NOBLE CORP PLC SHS USD	303,195	$870K	1.0%	$4.43	—	Stock	G65431101
—	CONCHO RES INC COM	7,623	$846K	1.0%	$106.05	—	Stock	20605P101
GM	GENERAL MTRS CO COM	22,664	$841K	1.0%	$33.03	+5.5%	Stock	37045V100
JNJ	JOHNSON & JOHNSON COM	5,981	$836K	1.0%	$88.22	+25.1%	Stock	478160104
—	CENTRAL SECS CORP COM	29,000	$831K	1.0%	$22.98	—	CEF	155123102
—	CIMAREX ENERGY CO COM	11,856	$829K	1.0%	$109.13	—	Stock	171798101
AAPL	APPLE INC COM	3,944	$749K	0.9%	$23.28	+73.7%	Stock	037833100
DE	DEERE & CO COM	4,620	$738K	0.9%	$69.38	+108.3%	Stock	244199105
—	TRITON INTL LTD CL A	23,558	$733K	0.9%	$31.10	—	Stock	G9078F107
AXP	AMERICAN EXPRESS CO COM	6,625	$724K	0.9%	$78.90	+21.4%	Stock	025816109
CL	COLGATE PALMOLIVE CO COM	10,525	$721K	0.9%	$51.35	+7.1%	Stock	194162103
INTC	INTEL CORP COM	13,429	$721K	0.9%	$33.74	+29.9%	Stock	458140100
—	LYON WILLIAM HOMES CL A NEW	46,745	$718K	0.9%	$18.18	—	Stock	552074700
VMC	VULCAN MATLS CO COM	6,000	$710K	0.8%	$57.55	+76.9%	Stock	929160109
ABT	ABBOTT LABS COM	8,845	$707K	0.8%	$34.61	+91.0%	Stock	002824100
SM	SM ENERGY CO COM	40,317	$705K	0.8%	$23.15	-30.7%	Stock	78454L100
BANR	BANNER CORP COM NEW	12,735	$690K	0.8%	$48.66	-9.8%	Stock	06652V208
—	SYNOVUS FINL CORP COM NEW	18,673	$642K	0.8%	$38.02	—	Stock	87161C501
PEP	PEPSICO INC COM	5,175	$634K	0.8%	$66.61	+38.8%	Stock	713448108
BOKF	BOK FINL CORP COM NEW	7,701	$628K	0.7%	$82.31	-14.9%	Stock	05561Q201
UCB	UNITED CMNTY BKS BLAIRSVLE GA COM	24,975	$623K	0.7%	$30.31	-14.3%	Stock	90984P303
BF/A	BROWN FORMAN CORP CL A	12,175	$623K	0.7%	$24.42	+76.4%	Stock	115637100
—	ANNALY CAP MGMT INC COM	61,180	$611K	0.7%	$10.20	—	REIT	035710409
ADBE	ADOBE INC COM	2,000	$533K	0.6%	$257.84	-2.2%	Stock	00724F101
ENB	ENBRIDGE INC COM	14,162	$514K	0.6%	$20.47	+11.8%	Stock	29250N105
FRPH	FRP HLDGS INC COM	10,800	$514K	0.6%	$32.14	-22.6%	Stock	30292L107
PAA	PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	20,550	$504K	0.6%	$37.06	—	Stock	726503105
PCAR	PACCAR INC COM	7,401	$504K	0.6%	$26.98	+25.1%	Stock	693718108
—	BLACKSTONE GROUP L P COM UNIT LTD	14,140	$494K	0.6%	$35.31	—	Stock	09253U108
BA	BOEING CO COM	1,241	$473K	0.6%	$115.83	+223.9%	Stock	097023105
WY	WEYERHAEUSER CO COM	17,460	$460K	0.5%	$19.29	0.0%	Stock	962166104
—	CAPSTEAD MTG CORP COM NO PAR	52,025	$447K	0.5%	$7.37	—	REIT	14067E506
V	VISA INC COM CL A	2,800	$437K	0.5%	$135.08	+1.7%	Stock	92826C839
HD	HOME DEPOT INC COM	2,180	$418K	0.5%	$87.16	+77.5%	Stock	437076102
EPD	ENTERPRISE PRODS PARTNERS L P COM	14,280	$416K	0.5%	$37.06	—	Stock	293792107
CAT	CATERPILLAR INC DEL COM	3,000	$406K	0.5%	$79.29	+44.6%	Stock	149123101
ZION	ZIONS BANCORPORATION N A COM	8,900	$404K	0.5%	$34.94	+36.5%	Stock	989701107
FANG	DIAMONDBACK ENERGY INC COM	3,839	$390K	0.5%	$79.50	0.0%	Stock	25278X109
—	EATON VANCE CORP COM NON VTG	9,531	$384K	0.5%	$38.33	—	Stock	278265103
GOOG	ALPHABET INC CAP STK CL C	321	$377K	0.4%	$55.69	0.0%	Stock	02079K107
TRV	TRAVELERS COMPANIES INC COM	2,750	$377K	0.4%	$109.30	+0.9%	Stock	89417E109
ET	ENERGY TRANSFER LP COM UT LTD PTN	24,232	$372K	0.4%	$15.85	—	Stock	29273V100
—	MCDERMOTT INTL INC COM	48,824	$363K	0.4%	$17.35	—	Stock	580037703
BAC	BANK AMER CORP COM	13,015	$359K	0.4%	$13.03	+83.4%	Stock	060505104
VFC	V F CORP COM	4,070	$354K	0.4%	$51.72	+50.8%	Stock	918204108
—	TEKLA HEALTHCARE INVS SH BEN INT	17,000	$349K	0.4%	$21.71	—	CEF	87911J103
—	PACWEST BANCORP DEL COM	9,228	$347K	0.4%	$40.82	—	Stock	695263103
—	ROYAL DUTCH SHELL PLC SPONS ADR A	5,350	$335K	0.4%	$74.65	—	ADR	780259206
MMM	3M CO COM	1,578	$328K	0.4%	$132.02	-0.7%	Stock	88579Y101
BOH	BANK HAWAII CORP COM	3,702	$292K	0.3%	$41.63	+42.3%	Stock	062540109
—	PHYSICIANS RLTY TR COM	15,175	$285K	0.3%	$16.97	—	REIT	71943U104
HSY	HERSHEY CO COM	2,450	$281K	0.3%	$70.60	+31.5%	Stock	427866108
CINF	CINCINNATI FINL CORP COM	3,250	$279K	0.3%	$45.56	+51.7%	Stock	172062101
ETN	EATON CORP PLC SHS	3,380	$272K	0.3%	$71.00	-6.4%	Stock	G29183103
RRC	RANGE RES CORP COM	24,000	$270K	0.3%	$15.96	-32.1%	Stock	75281A109
KO	COCA COLA CO COM	5,722	$268K	0.3%	$30.24	+24.9%	Stock	191216100
—	GENERAL ELECTRIC CO COM	26,775	$267K	0.3%	$26.83	—	Stock	369604103
CASH	META FINL GROUP INC COM	13,518	$266K	0.3%	$28.23	-25.1%	Stock	59100U108
UNP	UNION PACIFIC CORP COM	1,580	$264K	0.3%	$100.79	+37.0%	Stock	907818108
AMZN	AMAZON COM INC COM	145	$258K	0.3%	$55.02	+51.2%	Stock	023135106
BANC	BANC OF CALIFORNIA INC COM	17,515	$242K	0.3%	$12.84	0.0%	Stock	05990K106
PG	PROCTER AND GAMBLE CO COM	2,217	$231K	0.3%	$82.07	0.0%	Stock	742718109
MGM	MGM RESORTS INTERNATIONAL COM	8,925	$229K	0.3%	$26.74	0.0%	Stock	552953101
DHR	DANAHER CORPORATION COM	1,711	$226K	0.3%	$99.39	0.0%	Stock	235851102
—	ROYAL DUTCH SHELL PLC SPON ADR B	3,336	$213K	0.3%	$63.85	—	ADR	780259107
—	GOLAR LNG PARTNERS LP COM UNIT LPI	15,920	$206K	0.2%	$14.14	—	Stock	Y2745C102
SBCF	SEACOAST BKG CORP FLA COM NEW	7,660	$202K	0.2%	$10.55	+166.1%	Stock	811707801
MMLP	MARTIN MIDSTREAM PRTNRS L P UNIT L P INT	15,150	$189K	0.2%	$12.48	—	Stock	573331105
—	NABORS INDUSTRIES LTD SHS	45,990	$158K	0.2%	$5.12	—	Stock	G6359F103
—	OASIS PETE INC NEW COM	24,015	$145K	0.2%	$10.24	—	Stock	674215108
SBLK	STAR BULK CARRIERS CORP SHS PAR	18,178	$120K	0.1%	$11.99	-33.0%	Stock	Y8162K204
SALTUSD	SCORPIO BULKERS INC COM	27,630	$106K	0.1%	$5.81	—	Stock	Y7546A122
—	EAGLE BULK SHIPPING INC SHS NEW	18,625	$87,000	0.1%	$4.45	—	Stock	Y2187A143
—	AK STL HLDG CORP COM	15,000	$41,000	0.0%	$4.60	—	Stock	001547108
—	WEATHERFORD INTL PLC ORD SHS	26,000	$18,000	0.0%	$1.21	—	Stock	G48833100
—	SANCHEZ ENERGY CORP COM	17,375	$3,000	0.0%	$1.38	—	Stock	79970Y105