Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WTM	WHITE MTNS INS GRP LTD COM	35,009	$30.41M	3.0%	$868.63	$585.61	+48.3%	COM	G9618E107
—	MICHAELS STORES INC COM	1,618,818	$29.98M	3.0%	$18.52	$21.97	—	COM	59408Q106
JLL	JONES LANG LASALLE INC COM	236,009	$29.5M	2.9%	$125.00	$104.36	+18.2%	COM	48020Q107
—	APACHE CORP	599,056	$28.71M	2.9%	$47.93	$54.50	—	COM	037411105
IVZ	INVESCO LTD	807,864	$28.43M	2.8%	$35.19 *	$19.93	+18.4%	COM	G491BT108
SABR	SABRE CORP COM	1,293,917	$28.17M	2.8%	$21.77	$26.10	-16.6%	COM	78573M104
GNTX	GENTEX CORP COM	1,405,102	$26.66M	2.7%	$18.97	$16.10	+17.8%	COM	371901109
UHS	UNIVERSAL HEALTH	215,453	$26.3M	2.6%	$122.08 *	$98.79	+19.0%	COM	913903100
EAT	BRINKER INTL INC	684,526	$26.08M	2.6%	$38.10 *	$40.76	-15.9%	COM	109641100
CTSH	COGNIZANT TECH SOLUTNS CL A	392,629	$26.07M	2.6%	$66.40 *	$48.58	+21.5%	COM	192446102
BWA	BORG WARNER INC	587,513	$24.89M	2.5%	$42.36 *	$25.51	+28.2%	COM	099724106
—	HEALTHSOUTH CORP COM NEW	512,685	$24.81M	2.5%	$48.40	$40.98	—	COM	421924309
—	SPIRIT AEROSYS HLDGS I COM CL	426,285	$24.7M	2.5%	$57.94	$44.49	—	COM	848574109
—	ENVISION HEALTHCARE CO COM	390,358	$24.46M	2.4%	$62.67	$61.61	—	COM	29414D100
HP	HELMERICH & PAYNE	449,381	$24.42M	2.4%	$54.34	$68.78	-21.0%	COM	423452101
—	DISCOVERY COMMUNICATNS COM SER	935,091	$24.15M	2.4%	$25.83	$31.80	—	COM	25470F104
PEG	PUBLIC SRVS ENTERPR.	559,152	$24.05M	2.4%	$43.01 *	$26.12	+23.4%	COM	744573106
WY	WEYERHAEUSER CO	708,157	$23.72M	2.4%	$33.50 *	$19.63	+22.6%	COM	962166104
EQT	EQT CORPORATION	400,107	$23.44M	2.3%	$58.59 *	$32.32	-9.0%	COM	26884L109
—	CSRA INC COM	732,175	$23.25M	2.3%	$31.75	$29.10	—	COM	12650T104
BOKF	BOK FINL CORP COM NEW	274,135	$23.06M	2.3%	$84.13 *	$49.81	+36.1%	COM	05561Q201
RHP	RYMAN HOSPITALITY PPTY COM	360,130	$23.05M	2.3%	$64.01	$42.87	—	COM	78377T107
FNF	FIDELITY NATL FIN INC CL A	509,714	$22.85M	2.3%	$44.83 *	$16.54	+33.1%	COM	31620R303
NTRS	NORTHERN TRUST	233,433	$22.69M	2.3%	$97.21 *	$61.36	+24.4%	COM	665859104
RHI	ROBERT HALF INTL INC COM	454,788	$21.8M	2.2%	$47.93	$41.29	+16.1%	COM	770323103
NI	NISOURCE INC	837,062	$21.23M	2.1%	$25.36 *	$16.78	+14.7%	COM	65473P105
—	INTERPUBLIC GROUP	861,357	$21.19M	2.1%	$24.60 *	$15.46	+13.8%	COM	460690100
FITB	FIFTH THIRD BANCORP COM	797,406	$20.7M	2.1%	$25.96 *	$12.31	+54.6%	COM	316773100
CFG	CITIZENS FINL GRP INC COM	559,225	$19.95M	2.0%	$35.68 *	$17.40	+45.7%	COM	174610105
—	STORE CAP CORP COM	878,105	$19.71M	2.0%	$22.45	$22.45	—	COM	862121100
FFIV	F5 NETWORKS INC COM	150,226	$19.09M	1.9%	$127.06	$129.55	-1.9%	COM	315616102
—	NEWFIELD EXPLORATION C	666,408	$18.97M	1.9%	$28.46	$33.82	—	COM	651290108
UHAL	AMERCO COM	51,153	$18.73M	1.9%	$366.06 *	$37.51	-2.4%	COM	023586100
ARMK	ARAMARK	456,630	$18.71M	1.9%	$40.98 *	$24.63	+8.1%	COM	03852U106
—	DST SYSTEMS	282,196	$17.41M	1.7%	$61.70	$82.27	—	COM	233326107
ADM	ARCHER DANIELS	403,722	$16.71M	1.7%	$41.38 *	$32.18	-0.1%	COM	039483102
ETR	ENTERGY	205,920	$15.81M	1.6%	$76.77 *	$23.63	+17.7%	COM	29364G103
AXTA	AXALTA COATING SYS LTD COM	486,666	$15.59M	1.6%	$32.04	$26.32	+21.7%	COM	G0750C108
—	CIGNA CORP	63,607	$10.65M	1.1%	$167.39	$133.39	—	COM	125509109
—	QUINTILES IMS HLDGS,INC	118,460	$10.6M	1.1%	$89.50	$68.26	—	COM	74876Y101
CAH	CARDINAL HEALTH	118,868	$9.262M	0.9%	$77.92 *	$55.30	+9.7%	COM	14149Y108
STC	STEWART INFORMATN SVCS COM	84,060	$3.815M	0.4%	$45.38	$31.86	+42.4%	COM	860372101
SRCE	1ST SOURCE CORP COM	78,978	$3.786M	0.4%	$47.94	$30.17	—	COM	336901103
MUSA	MURPHY USA INC COM	49,050	$3.635M	0.4%	$74.11 *	$58.81	+22.5%	COM	626755102
—	BLACKHAWK NETWRK HLDGS CL A	81,870	$3.57M	0.4%	$43.61	$35.04	—	COM	09238E104
MMI	MARCUS & MILLICHAP INC COM	128,070	$3.376M	0.3%	$26.36 *	$22.47	+8.6%	COM	566324109
FCNCA	FIRST CTZNS BANCSHS NC CL A	8,818	$3.286M	0.3%	$372.65 *	$213.58	+69.5%	COM	31946M103
THRM	GENTHERM INC COM	84,160	$3.265M	0.3%	$38.80	$36.19	+7.2%	COM	37253A103
—	NEXEO SOLUTIONS INC COM SHS	384,790	$3.194M	0.3%	$8.30	$8.73	—	COM	65342H102
BLMN	BLOOMIN BRANDS INC COM	149,040	$3.164M	0.3%	$21.23 *	$13.57	+24.7%	COM	094235108
ALEX	ALEXANDER & BALDWIN IN COM	75,700	$3.132M	0.3%	$41.37	$36.22	—	COM	014491104
AL	AIR LEASE CORP CL A	80,990	$3.026M	0.3%	$37.36 *	$26.81	+20.5%	COM	00912X302
—	NAVIGATORS GROUP INC	53,764	$2.952M	0.3%	$54.91	$57.62	—	COM	638904102
—	EXTENDED STAY AMER INC SHS 1 C	141,590	$2.741M	0.3%	$19.36	$16.14	—	COM	30224P200
CRI	CARTER INC COM	29,040	$2.583M	0.3%	$88.95 *	$67.77	+3.1%	COM	146229109
ATRO	ASTRONICS CORP COM	80,219	$2.444M	0.2%	$30.47 *	$26.28	-1.9%	COM	046433108
—	AEROJET ROCKETDYNE HLD COM	113,688	$2.365M	0.2%	$20.80	$20.66	—	COM	007800105
NSP	INSPERITY INC COM	28,890	$2.051M	0.2%	$70.99 *	$32.68	-12.1%	COM	45778Q107
PRSU	VIAD CORP NEW	43,295	$2.046M	0.2%	$47.26 *	$24.65	+87.7%	COM	92552R406
—	PAREXEL INTL CORP COM	22,670	$1.97M	0.2%	$86.90	$64.07	—	COM	699462107
—	SONIC CORP COM	73,010	$1.934M	0.2%	$26.49	$26.31	—	COM	835451105
PLUS	EPLUS INC COM	25,460	$1.887M	0.2%	$74.12 *	$26.52	+39.7%	COM	294268107
IBOC	INTERNATIONAL BNCSHRS COM	48,430	$1.697M	0.2%	$35.04 *	$25.46	+9.2%	COM	459044103
—	LIFE STORAGE INC COM	22,760	$1.687M	0.2%	$74.12	$81.91	—	COM	53223X107
IPGP	IPG PHOTONICS CORP COM	11,520	$1.672M	0.2%	$145.14	$84.31	+72.1%	COM	44980X109
IBKR	INTERACTIVE BROKERS GR COM	43,400	$1.624M	0.2%	$37.42 *	$8.56	+3.5%	COM	45841N107
MPT	MEDICAL PPTYS TR INC COM	109,120	$1.404M	0.1%	$12.87	$12.87	—	COM	58463J304
—	GCP APPLIED TECHNOLOGI COM	43,630	$1.331M	0.1%	$30.51	$32.59	—	COM	36164Y101
TBI	TRUEBLUE INC COM	46,940	$1.244M	0.1%	$26.50	$23.52	+12.7%	COM	89785X101
UNF	UNIFIRST CORP MASS COM	8,728	$1.228M	0.1%	$140.70 *	$104.45	+28.8%	COM	904708104
—	VECTOR GROUP LTD COM	56,150	$1.197M	0.1%	$21.32	$21.45	—	COM	92240M108
—	CRANE CO COM	13,105	$1.04M	0.1%	$79.36	$55.23	—	COM	224399105
LSTR	LANDSTAR SYS INC COM	11,820	$1.012M	0.1%	$85.62	$59.52	—	COM	515098101
ZBH	ZIMMER BIOMET HOLDINGS INC	5,960	$765K	0.1%	$128.36 *	$97.46	+19.4%	COM	98956P102
JPM	J P MORGAN CHASE & CO COM	7,915	$723K	0.1%	$91.35 *	$54.62	+32.9%	COM	46625H100
—	WHOLE FOODS MKT INC COM	16,392	$690K	0.1%	$42.09	$31.25	—	COM	966837106
AMZN	AMAZON.COM	698	$676K	0.1%	$968.48 *	$40.18	+20.5%	COM	023135106
TJX	TJX COMPANIES	8,445	$609K	0.1%	$72.11 *	$31.12	+2.9%	COM	872540109
TMO	THERMO FISHER SCIENTIFIC INC	3,430	$598K	0.1%	$174.34 *	$124.28	+37.2%	COM	883556102
WFC	WELLS FARGO & CO NEW	10,600	$587K	0.1%	$55.38 *	$38.49	+13.6%	COM	949746101
MSFT	MICROSOFT CORP	7,715	$532K	0.1%	$68.96 *	$54.29	+15.6%	COM	594918104
GOOGL	ALPHABET INC. CL A	545	$507K	0.1%	$930.28 *	$33.08	+39.5%	COM	02079K305
—	BROADCOM LTD SHS	2,105	$491K	0.0%	$233.25	$176.77	—	COM	Y09827109
—	ALLERGAN, INC	1,990	$484K	0.0%	$243.22	$243.22	—	COM	G0177J108
KO	COCA-COLA CO	10,700	$480K	0.0%	$44.86 *	$33.67	+2.2%	COM	191216100
AAPL	APPLE COMPUTER INC	3,329	$479K	0.0%	$143.89 *	$18.38	+82.1%	COM	037833100
WDC	WESTERN DIGITAL CORP COM	5,335	$473K	0.0%	$88.66 *	$31.09	+94.5%	COM	958102105
AEP	AMERICAN ELEC. PWR	6,650	$462K	0.0%	$69.47 *	$43.48	+18.3%	COM	025537101
HON	HONEYWELL INTL INC	3,435	$458K	0.0%	$133.33 *	$92.02	+9.8%	COM	438516106
HAL	HALLIBURTON CO.	10,570	$451K	0.0%	$42.67 *	$40.94	-11.9%	COM	406216101
DHR	DANAHER CORP	5,330	$450K	0.0%	$84.43 *	$50.04	+43.6%	COM	235851102
JCI	JOHNSON CTLS INTL PLC SHS	10,205	$442K	0.0%	$43.31 *	$34.34	+4.2%	COM	G51502105
CSX	CSX CORP	8,050	$439K	0.0%	$54.53 *	$13.50	+20.0%	COM	126408103
MS	MORGAN STANLEY	9,755	$435K	0.0%	$44.59 *	$34.34	+1.1%	COM	617446448
LYB	LYONDELLBASELL INDUSTR SHS - A	5,060	$427K	0.0%	$84.39 *	$49.80	+2.4%	COM	N53745100
OXY	OCCIDENTAL PETROLEUM	7,140	$427K	0.0%	$59.80 *	$52.87	-9.4%	COM	674599105
MA	MASTERCARD INC COM	3,445	$418K	0.0%	$121.34 *	$89.01	+30.0%	COM	57636Q104
LUV	SOUTHWEST AIR	6,405	$398K	0.0%	$62.14 *	$33.43	+67.4%	COM	844741108
BDX	BECTON DICKINSON & CO	1,986	$387K	0.0%	$194.86 *	$144.86	+15.8%	COM	075887109
DIS	WALT DISNEY CO	3,635	$386K	0.0%	$106.19 *	$91.87	+8.2%	COM	254687106
ON	ON SEMICONDUCTOR CORP COM	24,735	$347K	0.0%	$14.03	$15.03	-6.6%	COM	682189105
FDX	FEDERAL EXPRESS	1,425	$310K	0.0%	$217.54 *	$171.00	+10.3%	COM	31428X106
—	LAM RESEARCH	1,845	$261K	0.0%	$141.46	$70.09	—	COM	512807108
JNJ	JOHNSON & JOHNSON	1,882	$249K	0.0%	$132.31 *	$78.77	+32.7%	COM	478160104