Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DELAWARE CO	3,355,827	$116M	3.5%	$46.17	—	COM	531229300
LBRDK	LIBERTY BROADBAND CORP COM SER	1,663,944	$85.14M	2.6%	$46.10	+8.4%	COM	530307305
—	SYMANTEC CORP COM	4,354,736	$84.79M	2.6%	$20.05	—	COM	871503108
—	VISTEON CORP COM NEW	837,181	$84.76M	2.6%	$104.98	—	COM	92839u206
—	CHICAGO BRIDGE & IRON CO N V C	1,980,352	$78.54M	2.4%	$47.52	—	COM	167250109
AGO	ASSURED GUARANTY LTD COM	3,069,119	$76.73M	2.3%	$19.44	+8.3%	COM	G0585R106
NTAP	NETAPP INC COM	2,280,663	$67.51M	2.0%	$27.03	-12.5%	COM	64110D104
BRK/B	BERKSHIRE HATHAWAY INC DEL CL	501,681	$65.42M	2.0%	$113.77	+20.4%	COM	084670702
C	CITIGROUP INC COM NEW	1,291,299	$64.06M	1.9%	$35.74	+14.0%	COM	172967424
—	DISCOVERY COMMUNICATNS NEW COM	2,591,654	$62.95M	1.9%	$28.69	—	COM	25470F302
—	AMERICAN CAPITAL AGENCY CORP C	3,366,230	$62.95M	1.9%	$20.92	—	COM	02503X105
FITB	FIFTH THIRD BANCORP COM	3,215,724	$60.81M	1.8%	$12.10	+16.9%	COM	316773100
RF	REGIONS FINL CORP NEW COM	6,607,759	$59.54M	1.8%	$5.90	+15.8%	COM	7591EP100
—	LIBERTY MEDIA CORP DELAWARE CL	1,661,528	$59.35M	1.8%	$118.38	—	COM	531229102
WDC	WESTERN DIGITAL CORP COM	739,455	$58.74M	1.8%	$41.38	+23.0%	COM	958102105
AGCO	AGCO CORP COM	1,246,077	$58.1M	1.8%	$42.80	-4.5%	COM	001084102
CMI	CUMMINS INC COM	525,258	$57.03M	1.7%	$92.93	0.0%	COM	231021106
ZION	ZIONS BANCORPORATION COM	2,039,234	$56.16M	1.7%	$26.50	+11.9%	COM	989701107
WU	WESTERN UN CO COM	3,024,367	$55.53M	1.7%	$17.04	—	COM	959802109
—	MARVELL TECHNOLOGY GROUP LTD O	6,043,621	$54.7M	1.7%	$9.05	—	COM	G5876H105
—	MALLINCKRODT PUB LTD CO SHS	852,666	$54.52M	1.7%	$55.41	—	COM	G5785G107
—	JPMORGAN CHASE & CO COM	892,692	$54.43M	1.6%	$67.76	—	COM	46625h100
CHRW	C H ROBINSON WORLDWIDE INC COM	799,473	$54.19M	1.6%	$51.23	+2.4%	COM	12541W209
BAC	BANK AMER CORP COM	3,451,374	$53.77M	1.6%	$10.48	+28.2%	COM	060505104
MSFT	MICROSOFT CORP COM	1,186,358	$52.51M	1.6%	$28.02	+38.9%	COM	594918104
GILD	GILEAD SCIENCES INC COM	505,587	$49.64M	1.5%	$55.94	+38.6%	COM	375558103
RWT	REDWOOD TR INC COM	3,565,371	$49.34M	1.5%	$17.23	—	COM	758075402
CSCO	CISCO SYS INC COM	1,866,146	$48.99M	1.5%	$15.50	+26.2%	COM	17275R102
AIG	AMERICAN INTL GROUP INC COM NE	862,010	$48.98M	1.5%	$39.92	+18.2%	COM	026874784
JNJ	JOHNSON & JOHNSON COM	511,886	$47.78M	1.4%	$63.55	+14.1%	COM	478160104
QCOM	QUALCOMM INC COM	881,753	$47.38M	1.4%	$55.36	-20.3%	COM	747525103
—	VERIZON COMMUNICATIONS INC COM	1,082,895	$47.12M	1.4%	$46.61	—	COM	92343v104
AMGN	AMGEN INC COM	336,159	$46.5M	1.4%	$77.16	+50.7%	COM	031162100
PFE	PFIZER INC COM	1,477,293	$46.4M	1.4%	$16.61	+24.1%	COM	717081103
DDS	DILLARDS INC CL A	505,436	$44.17M	1.3%	$80.60	-10.8%	COM	254067101
VMI	VALMONT INDS INC COM	448,996	$42.6M	1.3%	$138.63	-21.1%	COM	920253101
NOC	NORTHROP GRUMMAN CORP COM	252,445	$41.89M	1.3%	$70.51	+100.8%	COM	666807102
—	ENDO INTL PLC SHS	552,087	$38.25M	1.2%	$68.90	—	COM	g30401106
—	ENSCO PLC SHS CLASS A	2,715,059	$38.23M	1.2%	$46.79	—	COM	G3157S106
—	E M C CORP MASS COM	1,527,232	$36.9M	1.1%	$24.79	—	COM	268648102
EG	EVEREST RE GROUP LTD COM	212,352	$36.81M	1.1%	$102.33	+42.0%	COM	G3223R108
ORCL	ORACLE CORP COM	937,309	$33.86M	1.0%	$29.91	+10.0%	COM	68389X105
COF	CAPITAL ONE FINL CORP COM	394,794	$28.63M	0.9%	$66.57	0.0%	COM	14040H105
DVN	DEVON ENERGY CORP NEW COM	749,357	$27.79M	0.8%	$39.95	-21.1%	COM	25179M103
CVX	CHEVRON CORP NEW COM	340,737	$26.88M	0.8%	$69.37	-22.4%	COM	166764100
—	TESSERA TECHNOLOGIES INC COM	822,124	$26.64M	0.8%	$37.98	—	COM	88164l100
INTC	INTEL CORP COM	878,433	$26.48M	0.8%	$17.92	+26.3%	COM	458140100
CVS	CVS HEALTH CORP COM	268,519	$25.91M	0.8%	$41.80	+86.1%	COM	126650100
—	NVIDIA CORP COM	1,023,850	$25.24M	0.8%	$20.11	—	COM	67066g104
WMT	WAL-MART STORES INC COM	385,980	$25.03M	0.8%	$20.66	-8.5%	COM	931142103
—	MERCK & CO INC NEW COM	497,977	$24.59M	0.7%	$56.93	—	COM	58933y105
—	AETNA INC NEW COM	220,856	$24.16M	0.7%	$127.46	—	COM	00817y108
FLR	FLUOR CORP NEW COM	521,938	$22.1M	0.7%	$52.29	-18.8%	COM	343412102
PH	PARKER HANNIFIN CORP COM	212,190	$20.65M	0.6%	$97.85	-6.4%	COM	701094104
UNP	UNION PAC CORP COM	232,794	$20.58M	0.6%	$72.17	0.0%	COM	907818108
DE	DEERE & CO COM	255,123	$18.88M	0.6%	$70.44	+4.1%	COM	244199105
—	DISH NETWORK CORP CL A	322,753	$18.83M	0.6%	$65.66	—	COM	25470M109
LBRDA	LIBERTY BROADBAND CORP COM SER	355,789	$18.3M	0.6%	$49.26	+2.9%	COM	530307107
—	SANDISK CORP COM	317,106	$17.23M	0.5%	$57.29	—	COM	80004C101
ELV	ANTHEM INC COM	121,359	$16.99M	0.5%	$106.23	+22.2%	COM	036752103
—	CHECK POINT SOFTWARE TECH LTD	195,305	$15.49M	0.5%	$79.55	—	COM	m22465104
—	ACE LTD SHS	132,289	$13.68M	0.4%	$94.45	—	COM	H0023R105
—	HOWARD HUGHES CORP COM	116,697	$13.39M	0.4%	$114.74	—	COM	44267D107
UNH	UNITEDHEALTH GROUP INC COM	114,062	$13.23M	0.4%	$57.00	+77.5%	COM	91324P102
OXY	OCCIDENTAL PETE CORP DEL COM	197,958	$13.1M	0.4%	$59.15	-13.2%	COM	674599105
PRU	PRUDENTIAL FINL INC COM	169,570	$12.92M	0.4%	$46.00	+15.2%	COM	744320102
GLW	CORNING INC COM	729,797	$12.49M	0.4%	$15.02	-9.2%	COM	219350105
NSC	NORFOLK SOUTHERN CORP COM	157,734	$12.05M	0.4%	$70.27	-7.3%	COM	655844108
MGA	MAGNA INTL INC COM	250,038	$12M	0.4%	$37.40	+2.2%	COM	559222401
—	ALTRIA GROUP INC COM	215,397	$11.72M	0.4%	$48.91	—	COM	02209s103
—	BAKER HUGHES INC COM	222,127	$11.56M	0.4%	$63.53	—	COM	057224107
ETR	ENTERGY CORP NEW COM	173,941	$11.32M	0.3%	$21.18	+6.4%	COM	29364G103
—	HP INC.	431,960	$11.06M	0.3%	$25.61	—	COM	40434l105
AAPL	APPLE INC COM	98,907	$10.91M	0.3%	$17.84	+47.4%	COM	037833100
—	APACHE CORP COM	275,168	$10.78M	0.3%	$83.17	—	COM	037411105
—	AECOM COM	377,237	$10.38M	0.3%	$32.87	—	COM	00766t100
LYB	LYONDELLBASELL INDUSTRIES N V	124,469	$10.38M	0.3%	$49.78	+0.1%	COM	N53745100
LEA	LEAR CORP COM NEW	94,360	$10.26M	0.3%	$47.34	+82.4%	COM	521865204
—	GOLDMAN SACHS GROUP INC COM	59,066	$10.26M	0.3%	$208.79	—	COM	38141g104
—	COMPUTER SCIENCES CORP COM	158,955	$9.757M	0.3%	$56.83	—	COM	205363104
—	FREEPORT-MCMORAN INC CL B	987,037	$9.564M	0.3%	$18.62	—	COM	35671d857
—	BIOGEN INC COM	31,264	$9.123M	0.3%	$308.78	—	COM	09062x103
—	AMERICAN CAP LTD COM	701,073	$8.525M	0.3%	$13.55	—	COM	02503y103
GOOGL	ALPHABET INC CAP STK CL A	13,156	$8.398M	0.3%	$31.95	0.0%	COM	02079K305
TEVA	TEVA PHARMACEUTICAL INDS LTD A	115,537	$6.523M	0.2%	$52.86	—	COM	881624209
—	NATIONAL OILWELL VARCO INC COM	162,660	$6.124M	0.2%	$81.53	—	COM	637071101
—	NEVSUN RES LTD COM	2,079,380	$6.03M	0.2%	$3.46	—	COM	64156L101
PTEN	PATTERSON UTI ENERGY INC COM	400,533	$5.263M	0.2%	$20.76	-23.7%	COM	703481101
—	CLIFTON BANCORP INC COM	366,733	$5.09M	0.2%	$12.50	—	COM	186873105
—	MAGELLAN HEALTH INC	91,676	$5.082M	0.2%	$60.77	—	COM	559079207
—	CHARTER FINL CORP MD COM	380,245	$4.822M	0.1%	$10.89	—	COM	16122W108
—	OMNIVISION TECHNOLOGIES INC CO	181,783	$4.774M	0.1%	$21.11	—	COM	682128103
—	BENEFICIAL BANCORP INC COM	359,556	$4.768M	0.1%	$11.29	—	COM	08171T102
KBR	KBR INC COM	285,710	$4.76M	0.1%	$15.02	+0.8%	COM	48242W106
—	CHIPMOS TECH BERMUDA LTD SHS	283,776	$4.659M	0.1%	$21.24	—	COM	G2110R114
KRNY	KEARNY FINL CORP MD COM	393,068	$4.508M	0.1%	$10.96	+4.4%	COM	48716P108
KLIC	KULICKE & SOFFA INDS INC COM	488,108	$4.481M	0.1%	$10.94	-18.0%	COM	501242101
—	QLOGIC CORP COM	430,515	$4.413M	0.1%	$10.49	—	COM	747277101
RBCAA	REPUBLIC BANCORP KY CL A	175,292	$4.303M	0.1%	$23.30	+7.6%	COM	760281204
BPOP	POPULAR INC COM NEW	140,100	$4.235M	0.1%	$22.76	-0.9%	COM	733174700
—	OUTERWALL INC COM	73,243	$4.17M	0.1%	$57.39	—	COM	690070107
NFBK	NORTHFIELD BANCORP INC DEL COM	273,645	$4.162M	0.1%	$8.63	+22.9%	COM	66611T108
—	MAIDEN HOLDINGS LTD SHS	295,726	$4.105M	0.1%	$12.14	—	COM	G5753U112
WSBF	WATERSTONE FINL INC MD COM	304,150	$4.099M	0.1%	$12.53	+4.3%	COM	94188P101
RAIL	FREIGHTCAR AMER INC COM	233,092	$4M	0.1%	$24.68	-18.6%	COM	357023100
ZD	J2 GLOBAL INC COM	55,897	$3.96M	0.1%	$40.40	+49.9%	COM	48123V102
—	RPX CORP COM	284,292	$3.901M	0.1%	$14.61	—	COM	74972G103
—	BLUE HILLS BANCORP INC COM	273,420	$3.787M	0.1%	$13.50	—	COM	095573101
—	KLX INC COM	104,221	$3.725M	0.1%	$38.54	—	COM	482539103
—	SYKES ENTERPRISES INC COM	145,845	$3.719M	0.1%	$19.76	—	COM	871237103
IBOC	INTERNATIONAL BANCSHARES CORP	144,891	$3.627M	0.1%	$17.82	+11.5%	COM	459044103
—	ANWORTH MORTGAGE ASSET CP COM	698,907	$3.453M	0.1%	$5.14	—	COM	037347101
—	CENTERSTATE BANKS INC COM	233,290	$3.429M	0.1%	$13.51	—	COM	15201p109
ENTA	ENANTA PHARMACEUTICALS INC COM	94,458	$3.414M	0.1%	$39.36	+9.1%	COM	29251M106
—	SUPERIOR INDS INTL INC COM	181,049	$3.382M	0.1%	$18.87	—	COM	868168105
—	FBL FINL GROUP INC CL A	53,828	$3.312M	0.1%	$57.73	—	COM	30239f106
—	AVG TECHNOLOGIES N V SHS	144,968	$3.153M	0.1%	$20.42	—	COM	N07831105
NBHC	NATIONAL BK HLDGS CORP CL A	152,299	$3.127M	0.1%	$15.33	+8.3%	COM	633707104
—	ASTORIA FINL CORP COM	193,587	$3.117M	0.1%	$12.58	—	COM	046265104
—	MULTI FINELINE ELECTRONIX INC	185,315	$3.094M	0.1%	$13.68	—	COM	62541B101
—	ENERNOC INC COM	390,828	$3.088M	0.1%	$12.47	—	COM	292764107
HTB	HOMETRUST BANCSHARES INC COM	159,124	$2.951M	0.1%	$15.60	+14.1%	COM	437872104
—	BIGLARI HLDGS INC COM	7,933	$2.901M	0.1%	$403.54	—	COM	08986R101
NTPIF	NAM TAI PPTY INC SHS	475,044	$2.898M	0.1%	$4.67	+7.6%	COM	G63907102
EBS	EMERGENT BIOSOLUTIONS INC COM	95,520	$2.721M	0.1%	$22.09	+49.2%	COM	29089Q105
NVMI	NOVA MEASURING INSTRUMENTS LTD	282,354	$2.716M	0.1%	$10.86	+5.7%	COM	M7516K103
—	FRANCESCAS HLDGS CORP COM	220,716	$2.699M	0.1%	$12.23	—	COM	351793104
MYGN	MYRIAD GENETICS INC COM	68,436	$2.565M	0.1%	$34.13	+4.0%	COM	62855J104
—	AVX CORP NEW COM	187,586	$2.455M	0.1%	$13.03	—	COM	002444107
QUAD	QUAD / GRAPHICS INC COM CL A	200,028	$2.42M	0.1%	$21.40	-29.1%	COM	747301109
WFC	WELLS FARGO & CO NEW COM	42,140	$2.164M	0.1%	$27.57	+49.0%	COM	949746101
BMY	BRISTOL MYERS SQUIBB CO COM	36,164	$2.141M	0.1%	$28.67	+55.4%	COM	110122108
—	HATTERAS FINL CORP COM	141,385	$2.141M	0.1%	$19.09	—	COM	41902R103
—	DENBURY RES INC COM NEW	856,916	$2.091M	0.1%	$16.48	—	COM	247916208
—	SYSTEMAX INC COM	271,094	$2.03M	0.1%	$14.30	—	COM	871851101
—	QUALITY SYS INC COM	155,511	$1.941M	0.1%	$16.57	—	COM	747582104
—	CELESTICA INC SUB VTG SHS	148,337	$1.912M	0.1%	$11.64	—	COM	15101Q108
—	TRIBUNE PUBG CO COM	241,792	$1.896M	0.1%	$16.80	—	COM	896082104
EPD	ENTERPRISE PRODS PARTNERS L P	76,130	$1.896M	0.1%	$46.90	—	COM	293792107
PSX	PHILLIPS 66 COM	23,681	$1.82M	0.1%	$42.24	+28.0%	COM	718546104
—	EATON VANCE TX MGD DIV EQ INCM	158,267	$1.627M	0.0%	$10.93	—	COM	27828n102
—	CHINA AUTOMOTIVE SYS INC COM	299,742	$1.603M	0.0%	$8.42	—	COM	16936R105
—	L-3 COMMUNICATIONS HLDGS INC C	14,824	$1.549M	0.0%	$88.01	—	COM	502424104
TAP	MOLSON COORS BREWING CO CL B	17,025	$1.413M	0.0%	$52.53	+7.0%	COM	60871R209
PM	PHILIP MORRIS INTL INC COM	16,711	$1.326M	0.0%	$49.85	-1.9%	COM	718172109
—	MBT FINL CORP COM	206,652	$1.29M	0.0%	$3.80	—	COM	578877102
HLX	HELIX ENERGY SOLUTIONS GRP INC	265,411	$1.272M	0.0%	$15.99	-50.1%	COM	42330P107
HAL	HALLIBURTON CO COM	27,979	$989K	0.0%	$32.17	0.0%	COM	406216101
—	ASB BANCORP INC N C COM	39,238	$983K	0.0%	$21.65	—	COM	00213t109
CNRD	CONRAD INDS INC COM	43,775	$974K	0.0%	$33.31	-24.0%	COM	208305102
—	SHIRE PLC SPONSORED ADR	4,375	$898K	0.0%	$232.91	—	COM	82481r106
—	ANNALY CAP MGMT INC COM	89,790	$886K	0.0%	$10.64	—	COM	035710409
—	TRAVELERS COMPANIES INC COM	8,765	$872K	0.0%	$96.63	—	COM	89417e109
—	GENERAL ELECTRIC CO COM	29,730	$750K	0.0%	$24.32	—	COM	369604103
BA	BOEING CO COM	5,676	$743K	0.0%	$80.37	+53.4%	COM	097023105
—	CONOCOPHILLIPS COM	15,280	$733K	0.0%	$61.40	—	COM	20825c104
—	COASTWAY BANCORP INC COM	62,910	$695K	0.0%	$10.79	—	COM	190632109
—	POAGE BANKSHARES INC COM	41,400	$642K	0.0%	$14.99	—	COM	730206109
F	FORD MTR CO DEL COM PAR $0.01	47,013	$638K	0.0%	$8.30	-1.9%	COM	345370860
—	FS BANCORP INC COM	26,039	$611K	0.0%	$22.44	—	COM	30263y104
MDLZ	MONDELEZ INTL INC CL A	13,300	$557K	0.0%	$23.16	+47.0%	COM	609207105
KMI	KINDER MORGAN INC DEL COM	19,789	$548K	0.0%	$22.45	-13.0%	COM	49456B101
—	3M CO COM	3,840	$544K	0.0%	$154.33	—	COM	88579y101
HD	HOME DEPOT INC COM	4,175	$482K	0.0%	$56.05	+61.4%	COM	437076102
PEP	PEPSICO INC COM	4,808	$453K	0.0%	$56.00	+24.1%	COM	713448108
—	MEDTRONIC PLC SHS	6,700	$448K	0.0%	$74.77	—	COM	g5960l103
DIS	DISNEY WALT CO COM DISNEY	4,294	$439K	0.0%	$56.11	+77.7%	COM	254687106
AFL	AFLAC INC COM	6,198	$360K	0.0%	$20.11	+17.8%	COM	001055102
PAA	PLAINS ALL AMERN PIPELINE L P	11,528	$350K	0.0%	$51.20	—	COM	726503105
NEE	NEXTERA ENERGY INC COM	3,500	$341K	0.0%	$14.15	+37.4%	COM	65339F101
—	EQUITY RESIDENTIAL SH BEN INT	4,532	$340K	0.0%	$70.17	—	COM	29476l107
LECO	LINCOLN ELEC HLDGS INC COM	6,370	$334K	0.0%	$55.81	+5.0%	COM	533900106
CMS	CMS ENERGY CORP COM	9,400	$332K	0.0%	$19.06	+30.1%	COM	125896100
MAS	MASCO CORP COM	12,673	$319K	0.0%	$15.04	+46.3%	COM	574599106
TJX	TJX COS INC NEW COM	4,464	$319K	0.0%	$20.82	+45.8%	COM	872540109
—	VODAFONE GROUP PLC NEW SPNSR A	10,042	$319K	0.0%	$36.45	—	COM	92857w308
IBM	INTERNATIONAL BUSINESS MACHS C	2,009	$291K	0.0%	$118.94	-19.8%	COM	459200101
KMB	KIMBERLY CLARK CORP COM	2,620	$286K	0.0%	$64.49	+20.0%	COM	494368103
—	COSTCO WHSL CORP NEW COM	1,970	$285K	0.0%	$135.03	—	COM	22160k105
—	AMERICAN INTL GROUP INC WT EXP	12,060	$274K	0.0%	$18.24	—	WT	026874156
—	PEOPLES UNITED FINANCIAL INC C	17,000	$267K	0.0%	$14.88	—	COM	712704105
—	EATON VANCE TX ADV GLBL DIV FD	17,693	$262K	0.0%	$16.59	—	COM	27828s101
GOOG	ALPHABET INC CAP STK CL C	405	$246K	0.0%	$30.50	0.0%	COM	02079K107
LLY	LILLY ELI & CO COM	2,759	$231K	0.0%	$42.90	+64.3%	COM	532457108
—	ACCENTURE PLC IRELAND SHS CLAS	2,200	$216K	0.0%	$96.82	—	COM	g1151c101
—	METLIFE INC PFD A FLT RATE	8,825	$213K	0.0%	$24.36	—	PFD	59156r504
ADM	ARCHER DANIELS MIDLAND CO COM	5,119	$212K	0.0%	$23.37	+43.5%	COM	039483102
PG	PROCTER & GAMBLE CO COM	2,890	$208K	0.0%	$55.02	+2.4%	COM	742718109
—	BLACKROCK GLOBAL OPP EQTY TR C	15,184	$184K	0.0%	$13.70	—	COM	092501105
—	PRUDENTIAL BANCORP INC NEW COM	11,055	$159K	0.0%	$11.49	—	COM	74431A101
—	NUVEEN TX ADV TOTAL RET STRGY	12,200	$137K	0.0%	$12.38	—	COM	67090H102
—	NUVEEN QUALITY PFD INCOME FD 2	12,250	$107K	0.0%	$8.73	—	COM	67072C105
—	CYS INVTS INC COM	13,630	$99,000	0.0%	$8.13	—	COM	12673A108
—	CALAMOS STRATEGIC TOTL RETN FD	10,200	$95,000	0.0%	$10.16	—	COM	128125101
—	VERSUS TECHNOLOGY INC COM	171,550	$17,000	0.0%	$0.10	—	COM	925313108
—	NANOVIRICIDES INC COM NEW	12,288	$15,000	0.0%	$1.22	—	COM	630087203