Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVR	NVR INC COM	1,026	$3.458M	4.1%	$2760.96	+16.2%	Stock	62944T105
TBBK	BANCORP INC DEL COM	262,161	$2.338M	2.8%	$10.11	-9.0%	Stock	05969A105
CVX	CHEVRON CORP NEW COM	17,983	$2.238M	2.6%	$79.38	+13.7%	Stock	166764100
IBM	INTERNATIONAL BUSINESS MACHS COM	15,586	$2.149M	2.5%	$101.72	-3.0%	Stock	459200101
—	CAMBRIDGE BANCORP COM	24,664	$2.01M	2.4%	$49.08	—	Stock	132152109
—	PIONEER NAT RES CO COM	12,950	$1.992M	2.3%	$151.51	—	Stock	723787107
PFE	PFIZER INC COM	45,619	$1.976M	2.3%	$20.75	+40.8%	Stock	717081103
MRK	MERCK & CO INC COM	22,643	$1.899M	2.2%	$50.71	+22.5%	Stock	58933Y105
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	8,552	$1.823M	2.1%	$140.69	+47.1%	Stock	084670702
EOG	EOG RES INC COM	18,256	$1.701M	2.0%	$88.94	-20.9%	Stock	26875P101
HON	HONEYWELL INTL INC COM	9,401	$1.641M	1.9%	$67.24	+106.2%	Stock	438516106
BMY	BRISTOL MYERS SQUIBB CO COM	36,076	$1.636M	1.9%	$39.22	-7.9%	Stock	110122108
—	NOBLE ENERGY INC COM	72,794	$1.631M	1.9%	$28.30	—	Stock	655044105
—	WESTROCK CO COM	44,536	$1.624M	1.9%	$39.46	—	Stock	96145D105
ABBV	ABBVIE INC COM	21,669	$1.576M	1.9%	$68.88	-13.8%	Stock	00287Y109
LEN	LENNAR CORP CL A	32,315	$1.566M	1.8%	$33.61	+36.5%	Stock	526057104
GILD	GILEAD SCIENCES INC COM	22,435	$1.516M	1.8%	$52.30	-2.8%	Stock	375558103
WAL	WESTERN ALLIANCE BANCORP COM	33,157	$1.483M	1.7%	$20.53	+88.8%	Stock	957638109
CF	CF INDS HLDGS INC COM	28,774	$1.344M	1.6%	$21.45	+71.8%	Stock	125269100
DIS	DISNEY WALT CO COM DISNEY	9,202	$1.285M	1.5%	$83.60	+53.1%	Stock	254687106
XOM	EXXON MOBIL CORP COM	16,395	$1.256M	1.5%	$58.03	-2.0%	Stock	30231G102
GIS	GENERAL MLS INC COM	23,480	$1.233M	1.5%	$35.38	+16.5%	Stock	370334104
JPM	JPMORGAN CHASE & CO COM	10,785	$1.206M	1.4%	$91.32	+0.8%	Stock	46625H100
T	AT&T INC COM	35,835	$1.201M	1.4%	$14.40	+4.7%	Stock	00206R102
—	TRITON INTL LTD CL A	35,971	$1.178M	1.4%	$31.67	—	Stock	G9078F107
—	TRISTATE CAP HLDGS INC COM	54,635	$1.166M	1.4%	$23.35	—	Stock	89678F100
WFC	WELLS FARGO CO NEW COM	23,689	$1.121M	1.3%	$38.13	+2.5%	Stock	949746101
—	CONCHO RES INC COM	9,797	$1.011M	1.2%	$105.41	—	Stock	20605P101
LLY	LILLY ELI & CO COM	9,115	$1.01M	1.2%	$54.19	+99.3%	Stock	532457108
CB	CHUBB LIMITED COM	6,629	$976K	1.2%	$118.72	+9.0%	Stock	H1467J104
OMF	ONEMAIN HLDGS INC COM	28,744	$972K	1.1%	$35.02	-6.8%	Stock	68268W103
—	PARSLEY ENERGY INC CL A	50,219	$955K	1.1%	$25.69	—	Stock	701877102
GM	GENERAL MTRS CO COM	23,414	$902K	1.1%	$33.09	+5.0%	Stock	37045V100
BF/B	BROWN FORMAN CORP CL B	16,155	$895K	1.1%	$35.02	+36.0%	Stock	115637209
—	ALLERGAN PLC SHS	5,297	$887K	1.0%	$167.62	—	Stock	G0177J108
—	CENTRAL SECS CORP COM	29,000	$885K	1.0%	$22.98	—	CEF	155123102
—	LYON WILLIAM HOMES CL A NEW	46,165	$842K	1.0%	$18.18	—	Stock	552074700
VMC	VULCAN MATLS CO COM	6,000	$824K	1.0%	$57.55	+109.5%	Stock	929160109
WY	WEYERHAEUSER CO COM	31,264	$823K	1.0%	$19.47	+1.2%	Stock	962166104
AXP	AMERICAN EXPRESS CO COM	6,625	$818K	1.0%	$78.90	+36.2%	Stock	025816109
JNJ	JOHNSON & JOHNSON COM	5,821	$811K	1.0%	$88.22	+30.1%	Stock	478160104
DE	DEERE & CO COM	4,620	$766K	0.9%	$69.38	+103.9%	Stock	244199105
AAPL	APPLE INC COM	3,810	$754K	0.9%	$23.28	+100.3%	Stock	037833100
CL	COLGATE PALMOLIVE CO COM	10,455	$749K	0.9%	$51.35	+18.5%	Stock	194162103
—	CIMAREX ENERGY CO COM	12,186	$723K	0.9%	$107.78	—	Stock	171798101
BF/A	BROWN FORMAN CORP CL A	13,069	$719K	0.8%	$25.94	+79.6%	Stock	115637100
ABT	ABBOTT LABS COM	8,402	$707K	0.8%	$34.61	+102.9%	Stock	002824100
BANR	BANNER CORP COM NEW	12,560	$680K	0.8%	$48.66	-14.3%	Stock	06652V208
PEP	PEPSICO INC COM	5,125	$672K	0.8%	$66.61	+57.2%	Stock	713448108
—	NOBLE CORP PLC SHS USD	343,085	$642K	0.8%	$4.13	—	Stock	G65431101
INTC	INTEL CORP COM	13,210	$632K	0.7%	$33.74	+27.7%	Stock	458140100
GOOG	ALPHABET INC CAP STK CL C	579	$626K	0.7%	$56.39	+1.5%	Stock	02079K107
BX	BLACKSTONE GROUP INC COM CL A	13,970	$621K	0.7%	$31.77	0.0%	Stock	09260D107
FRPH	FRP HLDGS INC COM	10,800	$602K	0.7%	$32.14	-23.3%	Stock	30292L107
ADBE	ADOBE INC COM	2,000	$589K	0.7%	$257.84	+7.7%	Stock	00724F101
—	ENSCO ROWAN PLC SHS CLASS A	66,998	$571K	0.7%	$3.93	—	Stock	G3166L100
SM	SM ENERGY CO COM	45,292	$567K	0.7%	$22.05	-40.5%	Stock	78454L100
—	SYNOVUS FINL CORP COM NEW	15,566	$545K	0.6%	$38.02	—	Stock	87161C501
—	MCDERMOTT INTL INC COM	56,313	$544K	0.6%	$16.32	—	Stock	580037703
FANG	DIAMONDBACK ENERGY INC COM	4,982	$543K	0.6%	$79.88	+1.6%	Stock	25278X109
PCAR	PACCAR INC COM	7,401	$530K	0.6%	$26.98	+34.2%	Stock	693718108
BOKF	BOK FINL CORP COM NEW	6,956	$525K	0.6%	$82.31	-17.4%	Stock	05561Q201
UCB	UNITED CMNTY BKS BLAIRSVLE GA COM	18,150	$518K	0.6%	$30.31	-9.9%	Stock	90984P303
ENB	ENBRIDGE INC COM	14,025	$506K	0.6%	$20.47	+14.8%	Stock	29250N105
PAA	PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	20,450	$498K	0.6%	$37.06	—	Stock	726503105
BANC	BANC OF CALIFORNIA INC COM	33,750	$471K	0.6%	$12.55	-2.5%	Stock	05990K106
BA	BOEING CO COM	1,259	$458K	0.5%	$119.28	+199.5%	Stock	097023105
—	PACWEST BANCORP DEL COM	11,228	$436K	0.5%	$40.47	—	Stock	695263103
V	VISA INC COM CL A	2,500	$434K	0.5%	$135.08	+15.7%	Stock	92826C839
HD	HOME DEPOT INC COM	2,030	$422K	0.5%	$87.16	+94.5%	Stock	437076102
CVS	CVS HEALTH CORP COM	7,605	$414K	0.5%	$43.57	0.0%	Stock	126650100
EPD	ENTERPRISE PRODS PARTNERS L P COM	14,280	$412K	0.5%	$37.06	—	Stock	293792107
ZION	ZIONS BANCORPORATION N A COM	8,900	$409K	0.5%	$34.94	+32.4%	Stock	989701107
CAT	CATERPILLAR INC DEL COM	3,000	$409K	0.5%	$79.29	+44.7%	Stock	149123101
—	EATON VANCE CORP COM NON VTG	9,406	$406K	0.5%	$38.33	—	Stock	278265103
TRV	TRAVELERS COMPANIES INC COM	2,700	$404K	0.5%	$109.30	+14.4%	Stock	89417E109
ET	ENERGY TRANSFER LP COM UT LTD PTN	28,182	$397K	0.5%	$15.61	—	Stock	29273V100
BAC	BANK AMER CORP COM	12,325	$357K	0.4%	$13.03	+88.0%	Stock	060505104
VFC	V F CORP COM	4,070	$356K	0.4%	$51.72	+66.6%	Stock	918204108
CASH	META FINL GROUP INC COM	12,318	$346K	0.4%	$28.23	-12.7%	Stock	59100U108
—	TEKLA HEALTHCARE INVS SH BEN INT	17,000	$341K	0.4%	$21.71	—	CEF	87911J103
CINF	CINCINNATI FINL CORP COM	3,250	$337K	0.4%	$45.56	+77.5%	Stock	172062101
HSY	HERSHEY CO COM	2,450	$328K	0.4%	$70.60	+54.3%	Stock	427866108
—	ROYAL DUTCH SHELL PLC SPONS ADR A	4,950	$322K	0.4%	$74.65	—	ADR	780259206
BOH	BANK HAWAII CORP COM	3,627	$301K	0.4%	$41.63	+47.1%	Stock	062540109
KO	COCA COLA CO COM	5,722	$291K	0.3%	$30.24	+32.0%	Stock	191216100
—	GENERAL ELECTRIC CO COM	26,475	$278K	0.3%	$26.83	—	Stock	369604103
MMM	3M CO COM	1,584	$275K	0.3%	$132.02	-8.6%	Stock	88579Y101
—	ANNALY CAP MGMT INC COM	29,530	$270K	0.3%	$10.20	—	REIT	035710409
UNP	UNION PACIFIC CORP COM	1,580	$267K	0.3%	$100.79	+46.6%	Stock	907818108
—	PHYSICIANS RLTY TR COM	15,175	$265K	0.3%	$16.97	—	REIT	71943U104
MGM	MGM RESORTS INTERNATIONAL COM	8,925	$255K	0.3%	$26.74	-2.1%	Stock	552953101
AMZN	AMAZON COM INC COM	134	$254K	0.3%	$55.02	+69.3%	Stock	023135106
PG	PROCTER AND GAMBLE CO COM	2,117	$232K	0.3%	$82.07	+10.3%	Stock	742718109
—	ROYAL DUTCH SHELL PLC SPON ADR B	3,336	$219K	0.3%	$63.85	—	ADR	780259107
DHR	DANAHER CORPORATION COM	1,514	$216K	0.3%	$99.39	+15.7%	Stock	235851102
M	MACYS INC COM	9,737	$209K	0.2%	$22.74	0.0%	Stock	55616P104
ETN	EATON CORP PLC SHS	2,510	$209K	0.2%	$71.00	+0.6%	Stock	G29183103
SBLK	STAR BULK CARRIERS CORP SHS PAR	20,735	$200K	0.2%	$11.51	-30.2%	Stock	Y8162K204
RRC	RANGE RES CORP COM	25,250	$176K	0.2%	$15.60	-44.3%	Stock	75281A109
—	GOLAR LNG PARTNERS LP COM UNIT LPI	15,220	$172K	0.2%	$14.14	—	Stock	Y2745C102
—	OASIS PETE INC NEW COM	27,115	$154K	0.2%	$9.72	—	Stock	674215108
SALTUSD	SCORPIO BULKERS INC COM	32,370	$149K	0.2%	$5.63	—	Stock	Y7546A122
—	NABORS INDUSTRIES LTD SHS	42,615	$124K	0.1%	$5.12	—	Stock	G6359F103
—	EAGLE BULK SHIPPING INC SHS NEW	18,625	$98,000	0.1%	$4.45	—	Stock	Y2187A143
—	CAPSTEAD MTG CORP COM NO PAR	10,925	$91,000	0.1%	$7.37	—	REIT	14067E506