Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corporation	2,496,512	$128M	2.7%	$29.88	+53.9%	COM	594918104
IRM	Iron Mountain, Inc.	2,969,071	$118M	2.5%	$19.37	+9.5%	COM	46284V101
VZ	Verizon Communications Inc.	1,854,811	$104M	2.2%	$26.73	+17.7%	COM	92343V104
PNC	PNC Financial Services Group,	1,104,195	$89.87M	1.9%	$51.47	+22.3%	COM	693475105
MSI	Motorola Solutions, Inc.	1,344,053	$88.67M	1.9%	$53.53	+14.5%	COM	620076307
USB	U.S. Bancorp	2,170,648	$87.54M	1.9%	$24.60	+18.6%	COM	902973304
INTC	Intel Corporation	2,646,673	$86.81M	1.8%	$17.90	+40.3%	COM	458140100
OMC	Omnicom Group Inc	1,064,910	$86.78M	1.8%	$50.79	+17.4%	COM	681919106
GEO	GEO Group Inc	2,500,535	$85.47M	1.8%	$12.50	+11.3%	COM	36162J106
DGX	Quest Diagnostics Incorporated	1,047,313	$85.26M	1.8%	$44.95	+40.1%	COM	74834L100
WFC	Wells Fargo & Company	1,786,349	$84.55M	1.8%	$39.12	-4.8%	COM	949746101
FAST	Fastenal Company	1,829,359	$81.2M	1.7%	$8.06	+10.1%	COM	311900104
OXY	Occidental Petroleum Corporati	959,697	$72.52M	1.5%	$60.00	-5.5%	COM	674599105
—	BB&T Corporation	2,036,324	$72.51M	1.5%	$33.27	—	COM	054937107
—	Praxair, Inc.	643,192	$72.29M	1.5%	$104.86	—	COM	74005P104
CNK	Cinemark Holdings, Inc.	1,966,144	$71.69M	1.5%	$25.75	+17.3%	COM	17243V102
VTR	Ventas, Inc.	983,158	$71.59M	1.5%	$41.15	+5.6%	COM	92276F100
NFG	National Fuel Gas Company	1,250,323	$71.12M	1.5%	$65.19	-17.2%	COM	636180101
UPS	United Parcel Service, Inc. Cl	648,290	$69.83M	1.5%	$57.48	+27.2%	COM	911312106
GLW	Corning Incorporated	3,344,177	$68.49M	1.5%	$13.93	+11.3%	COM	219350105
WMT	Wal-Mart Stores, Inc.	881,480	$64.37M	1.4%	$20.21	-3.4%	COM	931142103
WU	Western Union Company	3,257,626	$62.48M	1.3%	$17.52	—	COM	959802109
—	Johnson Controls, Inc.	1,402,236	$62.06M	1.3%	$44.26	—	COM	478366107
XOM	Exxon Mobil Corporation	661,750	$62.03M	1.3%	$49.08	+17.9%	COM	30231G102
—	Allied World Assurance Company	1,710,895	$60.12M	1.3%	$35.61	—	COM	H01531104
UNF	UniFirst Corporation	516,301	$59.75M	1.3%	$95.48	+11.7%	COM	904708104
—	Thomson Reuters Corporation	1,465,945	$59.25M	1.3%	$33.90	—	COM	884903105
UNP	Union Pacific Corporation	673,813	$58.79M	1.2%	$61.97	+10.1%	COM	907818108
AMGN	Amgen Inc.	382,908	$58.26M	1.2%	$112.08	+4.1%	COM	031162100
—	Vectren Corporation	1,097,989	$57.83M	1.2%	$42.01	—	COM	92240G101
—	Fidelity National Financial, I	5,004,716	$57.4M	1.2%	$12.45	—	COM	31620R402
WTM	White Mountains Insurance Grou	67,850	$57.13M	1.2%	$588.71	+38.6%	COM	G9618E107
TGT	Target Corporation	810,589	$56.59M	1.2%	$47.87	+17.2%	COM	87612E106
—	Unilever PLC Sponsored ADR	1,173,307	$56.21M	1.2%	$42.23	—	COM	904767704
EMR	Emerson Electric Co.	1,066,324	$55.62M	1.2%	$41.68	-0.3%	COM	291011104
CMP	Compass Minerals International	738,657	$54.8M	1.2%	$59.22	-4.7%	COM	20451N101
CME	CME Group Inc. Class A	516,200	$50.28M	1.1%	$40.52	+62.5%	COM	12572Q105
ACH	Owens & Minor, Inc.	1,317,175	$49.24M	1.0%	$27.21	+22.6%	COM	690732102
—	TE Connectivity Ltd.	853,250	$48.73M	1.0%	$57.11	—	COM	H84989104
—	Time Warner Inc.	649,772	$47.78M	1.0%	$72.41	—	COM	887317303
—	Blackhawk Network Holdings Inc	1,384,013	$46.35M	1.0%	$38.58	—	COM	09238E104
WY	Weyerhaeuser Company	1,549,554	$46.13M	1.0%	$21.20	-0.4%	COM	962166104
MSM	MSC Industrial Direct Co., Inc	630,804	$44.51M	0.9%	$69.55	+6.7%	COM	553530106
—	AmeriGas Partners, L.P.	919,217	$42.93M	0.9%	$46.39	—	COM	030975106
CVX	Chevron Corporation	400,389	$41.97M	0.9%	$72.13	-7.5%	COM	166764100
PEP	PepsiCo, Inc.	391,196	$41.44M	0.9%	$56.64	+36.1%	COM	713448108
PH	Parker-Hannifin Corporation	365,429	$39.48M	0.8%	$100.98	-4.5%	COM	701094104
—	Magellan Midstream Partners, L	516,204	$39.23M	0.8%	$69.27	—	COM	559080106
CSGS	CSG Systems International, Inc	923,815	$37.24M	0.8%	$18.15	+94.1%	COM	126349109
QCOM	QUALCOMM Incorporated	689,711	$36.95M	0.8%	$49.99	-19.4%	COM	747525103
—	Aircastle Limited	1,824,034	$35.68M	0.8%	$17.22	—	COM	G0129K104
TAP	Molson Coors Brewing Company C	346,569	$35.05M	0.7%	$39.95	+93.5%	COM	60871R209
CAH	Cardinal Health, Inc.	447,451	$34.91M	0.7%	$60.27	0.0%	COM	14149Y108
—	International Speedway Corpora	1,040,985	$34.82M	0.7%	$32.23	—	COM	460335201
IMKTA	Ingles Markets, Incorporated C	928,047	$34.62M	0.7%	$29.98	+8.0%	COM	457030104
—	Bemis Company, Inc.	651,257	$33.53M	0.7%	$39.31	—	COM	081437105
KMB	Kimberly-Clark Corporation	240,962	$33.13M	0.7%	$64.56	+45.5%	COM	494368103
—	Spectra Energy Partners, LP	697,118	$32.89M	0.7%	$47.66	—	COM	84756N109
—	SP Plus Corporation	1,398,731	$31.58M	0.7%	$24.66	—	COM	78469C103
—	KLX, Inc.	1,011,284	$31.35M	0.7%	$39.19	—	COM	482539103
—	Air Transport Services Group,	2,388,362	$30.95M	0.7%	$9.37	—	COM	00922R105
—	Biglari Holdings Inc.	74,475	$30.04M	0.6%	$413.80	—	COM	08986R101
MUSA	Murphy USA, Inc.	401,970	$29.81M	0.6%	$53.79	+17.7%	COM	626755102
—	Tribune Media Co. Class A	739,791	$28.98M	0.6%	$38.40	—	COM	896047503
—	Communications Sales & Leasing	989,790	$28.61M	0.6%	$25.39	—	COM	20341J104
TNET	TriNet Group, Inc.	1,321,085	$27.46M	0.6%	$14.12	+26.4%	COM	896288107
—	Cubic Corporation	674,779	$27.1M	0.6%	$43.53	—	COM	229669106
PRSU	Viad Corp	873,331	$27.07M	0.6%	$27.20	+9.0%	COM	92552R406
—	La Quinta Holdings, Inc.	2,288,753	$26.09M	0.6%	$11.93	—	COM	50420D108
PRKS	SeaWorld Entertainment, Inc.	1,790,110	$25.65M	0.5%	$18.30	-1.1%	COM	81282V100
PLUS	ePlus inc.	310,433	$25.39M	0.5%	$19.79	+5.0%	COM	294268107
—	Air Methods Corporation	681,981	$24.43M	0.5%	$39.55	—	COM	009128307
—	Forward Air Corporation	529,137	$23.56M	0.5%	$41.39	—	COM	349853101
BLMN	Bloomin' Brands, Inc.	1,317,726	$23.55M	0.5%	$13.12	+10.6%	COM	094235108
—	NeuStar, Inc. Class A	996,436	$23.43M	0.5%	$41.70	—	COM	64126X201
—	Rackspace Hosting, Inc.	1,096,478	$22.87M	0.5%	$22.70	—	COM	750086100
TDS	Telephone and Data Systems, In	696,832	$20.67M	0.4%	$23.92	+20.3%	COM	879433829
—	US Ecology, Inc.	443,208	$20.36M	0.4%	$37.08	—	COM	91732J102
MPAA	Motorcar Parts of America, Inc	729,962	$19.84M	0.4%	$31.43	0.0%	COM	620071100
—	Match Group, Inc.	1,294,475	$19.51M	0.4%	$12.27	—	COM	57665R106
SBRA	Sabra Health Care REIT, Inc.	945,555	$19.51M	0.4%	$23.39	—	COM	78573L106
F	Ford Motor Company	1,543,568	$19.4M	0.4%	$8.80	-9.8%	COM	345370860
—	SodaStream International Ltd.	895,849	$19.11M	0.4%	$20.26	—	COM	M9068E105
DLB	Dolby Laboratories, Inc. Class	389,950	$18.66M	0.4%	$34.46	+16.5%	COM	25659T107
CNA	CNA Financial Corporation	591,983	$18.6M	0.4%	$18.12	-10.1%	COM	126117100
—	VeriFone Systems, Inc.	985,950	$18.28M	0.4%	$18.54	—	COM	92342Y109
—	American National Insurance Co	148,593	$16.81M	0.4%	$97.64	—	COM	028591105
—	TransMontaigne Partners L.P.	399,142	$16.4M	0.3%	$40.14	—	COM	89376V100
NSP	Insperity, Inc.	212,168	$16.39M	0.3%	$18.12	+42.0%	COM	45778Q107
—	PICO Holdings, Inc.	1,731,949	$16.38M	0.3%	$19.71	—	COM	693366205
—	Akorn, Inc.	568,788	$16.2M	0.3%	$23.53	—	COM	009728106
—	Liberty Interactive Corporatio	421,863	$15.64M	0.3%	$40.82	—	COM	53071M880
—	National CineMedia, Inc.	964,084	$14.92M	0.3%	$16.90	—	COM	635309107
LBRDK	Liberty Broadband Corp. Class	246,571	$14.79M	0.3%	$49.76	+9.7%	COM	530307305
SYBT	Stock Yards Bancorp, Inc.	510,821	$14.42M	0.3%	$24.59	+10.4%	COM	861025104
KELYA	Kelly Services, Inc. Class A	754,139	$14.31M	0.3%	$14.47	+16.0%	COM	488152208
EPM	Evolution Petroleum Corporatio	2,346,325	$12.83M	0.3%	$5.13	-42.1%	COM	30049A107
CSWC	Capital Southwest Corporation	931,531	$12.73M	0.3%	$4.77	+3.1%	COM	140501107
PBF	PBF Energy, Inc. Class A	528,625	$12.57M	0.3%	$31.97	-10.1%	COM	69318G106
WSBC	WesBanco, Inc.	399,395	$12.4M	0.3%	$30.77	+2.3%	COM	950810101
—	Gran Tierra Energy Inc.	3,635,733	$12.29M	0.3%	$2.73	—	COM	38500T101
MYGN	Myriad Genetics, Inc.	400,610	$12.26M	0.3%	$34.74	0.0%	COM	62855J104
OSIS	OSI Systems, Inc.	198,040	$11.51M	0.2%	$55.08	0.0%	COM	671044105
—	Spirit AeroSystems Holdings, I	264,465	$11.37M	0.2%	$43.14	—	COM	848574109
—	Starz Class A	377,753	$11.3M	0.2%	$29.92	—	COM	85571Q102
—	Kansas City Southern	125,362	$11.29M	0.2%	$78.65	—	COM	485170302
—	Alleghany Corporation	20,488	$11.26M	0.2%	$396.03	—	COM	017175100
ITRN	Ituran Location & Control Ltd.	483,491	$10.97M	0.2%	$21.12	-0.0%	COM	M6158M104
—	J. Alexander's Holdings, Inc.	1,031,769	$10.24M	0.2%	$10.42	—	COM	46609J106
PII	Polaris Industries Inc.	122,703	$10.03M	0.2%	$88.64	0.0%	COM	731068102
—	Leucadia National Corporation	558,809	$9.684M	0.2%	$24.28	—	COM	527288104
UNFI	United Natural Foods, Inc.	202,956	$9.498M	0.2%	$44.23	-13.2%	COM	911163103
AGX	Argan, Inc.	224,670	$9.373M	0.2%	$26.22	+7.1%	COM	04010E109
—	Premier Inc. Class A	286,220	$9.359M	0.2%	$33.20	—	COM	74051N102
CODI	Compass Diversified Holdings	556,901	$9.239M	0.2%	$7.25	+18.9%	COM	20451Q104
MSGS	Madison Square Garden Co. Clas	52,086	$8.985M	0.2%	$117.66	-0.2%	COM	55825T103
MCRI	Monarch Casino & Resort, Inc.	405,150	$8.901M	0.2%	$13.57	+51.2%	COM	609027107
MCS	Marcus Corporation	406,875	$8.585M	0.2%	$19.33	+1.6%	COM	566330106
—	Energen Corporation	168,603	$8.128M	0.2%	$36.59	—	COM	29265N108
BRK/B	Berkshire Hathaway Inc. Class	52,499	$7.601M	0.2%	$140.54	+1.7%	COM	084670702
—	Michael Kors Holdings Ltd	143,210	$7.086M	0.2%	$41.80	—	COM	G60754101
—	Tech Data Corporation	89,152	$6.406M	0.1%	$61.19	—	COM	878237106
WASH	Washington Trust Bancorp, Inc.	162,551	$6.164M	0.1%	$22.65	+0.3%	COM	940610108
—	UCP, Inc. Class A	761,444	$6.107M	0.1%	$7.58	—	COM	90265Y106
SRCE	1st Source Corporation	188,137	$6.094M	0.1%	$31.93	—	COM	336901103
NWSA	News Corporation Class A	488,182	$5.541M	0.1%	$12.49	-13.8%	COM	65249B109
—	PHI, Inc. Non-Voting	284,761	$5.092M	0.1%	$31.12	—	COM	69336T205
FCNCA	First Citizens BancShares, Inc	19,349	$5.01M	0.1%	$188.90	+28.8%	COM	31946M103
—	Stericycle, Inc.	45,566	$4.744M	0.1%	$104.11	—	COM	858912108
—	Oaktree Capital Group, LLC Cla	105,767	$4.734M	0.1%	$46.99	—	COM	674001201
CMCSA	Comcast Corporation Class A	71,872	$4.685M	0.1%	$20.39	+21.3%	COM	20030N101
—	QEP Resources, Inc.	255,955	$4.512M	0.1%	$18.30	—	COM	74733V100
RL	Ralph Lauren Corporation Class	38,680	$3.467M	0.1%	$81.82	-6.6%	COM	751212101
—	L Brands, Inc.	50,978	$3.422M	0.1%	$67.13	—	COM	501797104
—	Park Electrochemical Corp.	141,813	$2.061M	0.0%	$16.01	—	COM	700416209
PYPL	PayPal Holdings Inc	49,254	$1.798M	0.0%	$37.07	+2.9%	COM	70450Y103
SAM	Boston Beer Company, Inc. Clas	9,647	$1.65M	0.0%	$161.90	0.0%	COM	100557107
—	Realogy Holdings Corp.	52,729	$1.53M	0.0%	$29.02	—	COM	75605Y106
GOOG	Alphabet Inc. Class C	2,189	$1.515M	0.0%	$35.58	+0.2%	COM	02079K107
—	Liberty Media Corp. Series C L	47,447	$1.465M	0.0%	$30.88	—	COM	531229607
—	Baldwin & Lyons, Inc. Class B	58,553	$1.444M	0.0%	$24.27	—	COM	057755209
AAPL	Apple Inc.	14,741	$1.409M	0.0%	$22.62	0.0%	COM	037833100
—	Liberty Media Corp. Series C L	73,732	$1.399M	0.0%	$18.97	—	COM	531229854
—	Express Scripts Holding Compan	17,227	$1.306M	0.0%	$68.69	—	COM	30219G108
JLL	Jones Lang LaSalle Incorporate	12,647	$1.232M	0.0%	$112.43	0.0%	COM	48020Q107
ACGP	Associated Capital Group, Inc.	38,118	$1.093M	0.0%	$26.72	0.0%	COM	045528106
NGD	New Gold Inc.	185,127	$811K	0.0%	$5.47	-22.9%	COM	644535106
AGI	Alamos Gold Inc.	91,378	$786K	0.0%	$3.74	+71.5%	COM	011532108
—	Baker Hughes Incorporated	13,553	$612K	0.0%	$43.85	—	COM	057224107
RGR	Sturm, Ruger & Company, Inc.	7,905	$506K	0.0%	$64.59	0.0%	COM	864159108
BHE	Benchmark Electronics, Inc.	10,661	$225K	0.0%	$17.57	-1.3%	COM	08160H101
—	Primero Mining Corp.	59,127	$123K	0.0%	$2.23	—	COM	74164W106