Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WTM	WHITE MTNS INS GRP LTD COM	43,766	$31.81M	3.4%	$726.82	$585.61	+24.1%	COM	G9618E107
CFG	CITIZENS FINL GRP INC COM	1,113,804	$29.17M	3.1%	$26.19 *	$18.00	+0.5%	COM	174610105
—	CORRECTIONS CP AM NEW COM NEW	1,069,518	$28.33M	3.0%	$26.49	$31.55	—	COM	22025Y407
—	THE ADT CORPORATION COM	831,143	$27.41M	2.9%	$32.98	$36.23	—	COM	00101J106
—	HEALTHSOUTH CORP COM NEW	771,426	$26.85M	2.9%	$34.81	$41.10	—	COM	421924309
HII	HUNTINGTON INGALLS IND COM	207,837	$26.36M	2.8%	$126.85 *	$103.87	+1.0%	COM	446413106
CLH	CLEAN HARBORS INC COM	618,673	$25.77M	2.8%	$41.65	$52.30	-20.4%	COM	184496107
RHP	RYMAN HOSPITALITY PPTY COM	489,525	$25.28M	2.7%	$51.64	$40.62	—	COM	78377T107
—	APACHE CORP	554,162	$24.64M	2.6%	$44.47	$53.96	—	COM	037411105
FITB	FIFTH THIRD BANCORP COM	1,216,171	$24.45M	2.6%	$20.10 *	$12.31	+15.2%	COM	316773100
BEN	FRANKLIN RES INC	659,432	$24.28M	2.6%	$36.82 *	$30.42	-25.3%	COM	354613101
—	ASHLAND INC NEW COM	217,395	$22.33M	2.4%	$102.70	$88.93	—	COM	044209104
—	DISCOVERY COMMUNICATNS COM SER	821,740	$21.92M	2.4%	$26.68	$33.64	—	COM	25470F104
—	CAMERON INTL CORP COM	346,014	$21.87M	2.3%	$63.20	$50.19	—	COM	13342B105
DKS	DICKS SPORTING GOODS COM	616,236	$21.78M	2.3%	$35.35 *	$35.32	-23.9%	COM	253393102
ADM	ARCHER DANIELS	589,594	$21.63M	2.3%	$36.68 *	$32.69	-16.7%	COM	039483102
ETR	ENTERGY	313,731	$21.45M	2.3%	$68.36 *	$22.95	+0.7%	COM	29364G103
—	INVESTORS BANCORP INC COM	1,703,442	$21.19M	2.3%	$12.44	$11.04	—	COM	46146L101
GNTX	GENTEX CORP COM	1,239,721	$19.85M	2.1%	$16.01	$15.89	+0.8%	COM	371901109
BOKF	BOK FINL CORP COM NEW	329,612	$19.71M	2.1%	$59.79 *	$47.21	-1.9%	COM	05561Q201
—	PPL CORP	547,742	$18.69M	2.0%	$34.13	$33.51	—	COM	69351t106
—	PIONEER NAT RES	148,905	$18.67M	2.0%	$125.38	$122.11	—	COM	723787107
FFIV	F5 NETWORKS INC COM	189,507	$18.38M	2.0%	$96.96	$122.91	-21.1%	COM	315616102
—	ST JUDE MEDICAL	295,850	$18.27M	2.0%	$61.77	$62.85	—	COM	790849103
EAT	BRINKER INTL INC	377,620	$18.11M	1.9%	$47.95 *	$40.32	+2.5%	COM	109641100
—	JOHNSON CTRLS	455,460	$17.99M	1.9%	$39.49	$41.36	—	COM	478366107
UHS	UNIVERSAL HEALTH	150,307	$17.96M	1.9%	$119.49 *	$84.59	+35.4%	COM	913903100
PNW	PINNACLE WEST CAP CORP COM	265,485	$17.12M	1.8%	$64.48 *	$40.74	+6.7%	COM	723484101
IVZ	INVESCO LTD	499,370	$16.72M	1.8%	$33.48 *	$20.68	+2.6%	COM	G491BT108
—	MICHAELS STORES INC COM	701,980	$15.52M	1.7%	$22.11	$22.11	—	COM	59408Q106
EQT	EQT CORPORATION	295,830	$15.42M	1.7%	$52.13 *	$30.86	-15.4%	COM	26884L109
—	DST SYSTEMS	134,041	$15.29M	1.6%	$114.06	$83.64	—	COM	233326107
—	LAM RESEARCH	188,300	$14.96M	1.6%	$79.42	$64.96	—	COM	512807108
AFG	AMERICAN FINL GROUP	200,555	$14.46M	1.6%	$72.08 *	$21.43	+60.4%	COM	025932104
—	PLUM CRK TIMBER	301,893	$14.41M	1.5%	$47.72	$45.69	—	COM	729251108
INGR	INGREDION INC COM	145,538	$13.95M	1.5%	$95.84	$67.28	+42.5%	COM	457187102
PEG	PUBLIC SRVS ENTERPR.	355,616	$13.76M	1.5%	$38.69 *	$22.46	+22.0%	COM	744573106
—	INTERPUBLIC GROUP	583,654	$13.59M	1.5%	$23.28 *	$13.59	+17.7%	COM	460690100
ATR	APTARGROUP	181,335	$13.17M	1.4%	$72.65 *	$54.40	+16.4%	COM	038336103
SNPS	SYNOPSYS INC COM	285,640	$13.03M	1.4%	$45.61	$36.34	+25.5%	COM	871607107
FNF	FIDELITY NATL FIN INC CL A	371,050	$12.86M	1.4%	$34.67 *	$16.52	-0.8%	COM	31620R303
JLL	JONES LANG LASALLE INC COM	74,039	$11.84M	1.3%	$159.86 *	$91.94	+69.9%	COM	48020Q107
EXPD	EXPEDITORS INTL WASH COM	243,153	$10.97M	1.2%	$45.10 *	$33.06	+20.3%	COM	302130109
IWR	ISHARES TR RUSSELL MIDCAP	56,610	$9.068M	1.0%	$160.18 *	$40.76	-1.7%	COM	464287499
IWS	ISHARES TR RUSSELL MCP VL	55,560	$3.815M	0.4%	$68.66	$70.27	-2.3%	COM	464287473
LSTR	LANDSTAR SYS INC COM	65,040	$3.815M	0.4%	$58.66	$58.66	—	COM	515098101
STC	STEWART INFORMATN SVCS COM	101,326	$3.782M	0.4%	$37.33	$31.07	+20.1%	COM	860372101
FCNCA	FIRST CTZNS BANCSHS NC CL A	14,031	$3.622M	0.4%	$258.14 *	$209.58	+19.0%	COM	31946M103
—	FRESH MKT INC COM	145,125	$3.399M	0.4%	$23.42	$31.48	—	COM	35804H106
—	AIR METHODS CORP	80,935	$3.394M	0.4%	$41.93	$44.77	—	COM	009128307
—	NAVIGATORS GROUP INC	36,136	$3.1M	0.3%	$85.79	$60.60	—	COM	638904102
SRCE	1ST SOURCE CORP COM	94,467	$2.916M	0.3%	$30.87	$29.53	—	COM	336901103
MUSA	MURPHY USA INC COM	40,360	$2.451M	0.3%	$60.73 *	$57.29	+3.1%	COM	626755102
BLMN	BLOOMIN BRANDS INC COM	144,350	$2.438M	0.3%	$16.89 *	$13.49	-2.5%	COM	094235108
PLUS	EPLUS INC COM	24,980	$2.33M	0.3%	$93.27 *	$22.47	+3.8%	COM	294268107
—	AEROJET ROCKETDYNE HLD COM	145,812	$2.283M	0.2%	$15.66	$20.61	—	COM	007800105
UNF	UNIFIRST CORP MASS COM	21,606	$2.251M	0.2%	$104.18 *	$103.46	-3.9%	COM	904708104
TBI	TRUEBLUE INC COM	82,326	$2.121M	0.2%	$25.76	$24.39	+5.6%	COM	89785X101
ALEX	ALEXANDER & BALDWIN IN COM	56,570	$1.997M	0.2%	$35.30	$34.33	—	COM	014491104
OMCL	OMNICELL INC COM	62,600	$1.946M	0.2%	$31.09	$29.51	+5.3%	COM	68213N109
—	INT'L SPEEDWAY	56,636	$1.91M	0.2%	$33.72	$32.61	—	COM	460335201
THO	THOR INDS INC COM	33,830	$1.9M	0.2%	$56.16 *	$45.48	+1.6%	COM	885160101
—	ALLIED WRLD ASSUR COM SHS	47,700	$1.774M	0.2%	$37.19	$37.19	—	COM	H01531104
—	EL PASO ELEC CO COM NEW	44,500	$1.713M	0.2%	$38.49	$36.73	—	COM	283677854
—	MENTOR GRAPHICS CORP COM	92,879	$1.711M	0.2%	$18.42	$21.92	—	COM	587200106
PRSU	VIAD CORP NEW	55,735	$1.573M	0.2%	$28.22 *	$22.33	+21.8%	COM	92552R406
—	VECTOR GROUP LTD COM	64,448	$1.52M	0.2%	$23.58	$21.42	—	COM	92240M108
—	EATON VANCE	46,437	$1.506M	0.2%	$32.43	$38.57	—	COM	278265103
—	PICO HLDGS INC COM NEW	139,318	$1.438M	0.2%	$10.32	$21.38	—	COM	693366205
IBOC	INTERNATIONAL BNCSHRS COM	52,440	$1.348M	0.1%	$25.71 *	$20.59	-4.1%	COM	459044103
—	AVX CORPORATION	109,836	$1.333M	0.1%	$12.14	$12.12	—	COM	002444107
ZBH	ZIMMER BIOMET HOLDINGS INC	12,550	$1.288M	0.1%	$102.63 *	$95.71	-4.1%	COM	98956P102
ACH	OWENS & MINOR	35,380	$1.273M	0.1%	$35.98 *	$30.21	+4.9%	COM	690732102
EMR	EMERSON ELECTRIC CO	23,750	$1.136M	0.1%	$47.83 *	$41.58	-11.4%	COM	291011104
AAPL	APPLE COMPUTER INC	9,325	$982K	0.1%	$105.31 *	$17.98	+32.0%	COM	037833100
—	GLOBAL BRASS & COPPER COM	44,036	$938K	0.1%	$21.30	$16.45	—	COM	37953G103
PFE	PFIZER INC	24,530	$792K	0.1%	$32.29 *	$16.50	+20.6%	COM	717081103
MSFT	MICROSOFT CORP	13,000	$721K	0.1%	$55.46 *	$35.95	+35.1%	COM	594918104
TMO	THERMO FISHER SCIENTIFIC INC	4,855	$689K	0.1%	$141.92 *	$119.39	+15.5%	COM	883556102
CVS	CVS HEALTH CORPORATION	7,041	$688K	0.1%	$97.71 *	$42.24	+71.7%	COM	126650100
GOOGL	ALPHABET INC. CL A	845	$657K	0.1%	$777.51 *	$31.95	+20.8%	COM	02079K305
LUV	SOUTHWEST AIR	12,950	$558K	0.1%	$43.09 *	$32.73	+17.0%	COM	844741108
—	AGL RES INC COM	8,435	$538K	0.1%	$63.78	$43.63	—	COM	001204106
—	GLAXOSMITHKLINE PLC SPONSORED	12,600	$508K	0.1%	$40.32	$47.50	—	COM	37733W105
MDT	MEDTRONIC PLC	6,555	$504K	0.1%	$76.89 *	$55.08	+9.1%	COM	G5960L103
DHR	DANAHER CORP	5,250	$488K	0.1%	$92.95 *	$36.01	+6.0%	COM	235851102
IWV	ISHARES TR RUSSELL 3000	3,980	$479K	0.1%	$120.35	$121.59	-1.1%	COM	464287689
XLY	SELECT SECTOR SPDR TR SBI CONS	6,015	$470K	0.1%	$78.14 *	$32.60	+19.9%	COM	81369Y407
MA	MASTERCARD INC COM	4,585	$446K	0.0%	$97.27 *	$86.11	+6.5%	COM	57636Q104
SPSB	SPDR SERIES TRUST BARC CAPTL E	14,670	$446K	0.0%	$30.40	$30.76	-1.2%	COM	78464A474
TJX	TJX COMPANIES	6,245	$443K	0.0%	$70.94 *	$27.65	+11.5%	COM	872540109
CTSH	COGNIZANT TECH SOLUTNS CL A	7,025	$422K	0.0%	$60.07 *	$44.27	+20.2%	COM	192446102
GILD	GILEAD SCIENCES, INC.	4,040	$409K	0.0%	$101.24 *	$77.50	-8.2%	COM	375558103
OXY	OCCIDENTAL PETROLEUM	5,875	$397K	0.0%	$67.57 *	$53.45	-5.4%	COM	674599105
BRK/B	BERKSHIRE HATHAWAY CL B	2,855	$377K	0.0%	$132.05	$111.78	+18.1%	COM	084670702
HON	HONEYWELL INTL INC	3,635	$376K	0.0%	$103.44 *	$73.33	+3.1%	COM	438516106
ADC	AGREE REALTY CORP COM	10,306	$350K	0.0%	$33.96	$30.13	—	COM	008492100
AEP	AMERICAN ELEC. PWR	5,380	$313K	0.0%	$58.18 *	$38.45	+6.4%	COM	025537101
—	EXPRESS SCRIPTS HOLDING CO	3,432	$300K	0.0%	$87.41	$62.61	—	COM	30219G108
NTRS	NORTHERN TRUST	4,100	$296K	0.0%	$72.20 *	$40.35	+36.2%	COM	665859104
BA	BOEING CO	1,965	$284K	0.0%	$144.53 *	$127.79	+1.5%	COM	097023105
CSCO	CISCO SYS INC	10,210	$277K	0.0%	$27.13 *	$15.59	+27.3%	COM	17275R102
PRGO	PERRIGO CO PCL SHS	1,510	$218K	0.0%	$144.37	$183.44	-21.1%	COM	G97822103
GOOG	ALPHABET INC CL C	271	$206K	0.0%	$760.15 *	$30.50	+23.5%	COM	02079K107