Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corporation	2,168,733	$135M	2.6%	$30.39	+77.5%	COM	594918104
USB	U.S. Bancorp	2,271,552	$117M	2.2%	$24.92	+35.5%	COM	902973304
PNC	PNC Financial Services Group,	965,443	$113M	2.2%	$51.64	+49.4%	COM	693475105
—	BB&T Corporation	2,360,554	$111M	2.1%	$34.07	—	COM	054937107
IRM	Iron Mountain, Inc.	3,356,945	$109M	2.1%	$19.42	+2.2%	COM	46284V101
VZ	Verizon Communications Inc.	1,922,193	$103M	2.0%	$26.91	+15.2%	COM	92343V104
OMC	Omnicom Group Inc	1,102,133	$93.8M	1.8%	$51.13	+19.2%	COM	681919106
MSI	Motorola Solutions, Inc.	1,124,018	$93.17M	1.8%	$53.83	+27.0%	COM	620076307
—	Praxair, Inc.	787,770	$92.32M	1.8%	$107.21	—	COM	74005P104
GEO	GEO Group Inc	2,562,379	$92.07M	1.8%	$12.54	+2.5%	COM	36162J106
FAST	Fastenal Company	1,895,720	$89.06M	1.7%	$8.07	+7.1%	COM	311900104
NFG	National Fuel Gas Company	1,562,102	$88.48M	1.7%	$63.25	-13.5%	COM	636180101
GLW	Corning Inc	3,462,238	$84.03M	1.6%	$14.08	+32.4%	COM	219350105
WTM	White Mountains Insurance Grou	93,958	$78.55M	1.5%	$661.87	+26.6%	COM	G9618E107
CNK	Cinemark Holdings, Inc.	2,036,379	$78.11M	1.5%	$26.03	+33.8%	COM	17243V102
QCOM	QUALCOMM Incorporated	1,175,809	$76.66M	1.5%	$50.88	+2.7%	COM	747525103
WU	Western Union Company	3,342,216	$72.59M	1.4%	$17.61	—	COM	959802109
TGT	Target Corporation	982,736	$70.98M	1.4%	$49.03	+12.9%	COM	87612E106
OXY	Occidental Petroleum Corporati	994,380	$70.83M	1.4%	$59.86	-8.1%	COM	674599105
UNP	Union Pacific Corporation	681,433	$70.65M	1.4%	$62.35	+28.8%	COM	907818108
—	Fidelity National Financial, I	5,089,996	$69.73M	1.3%	$12.45	—	COM	31620R402
WFC	Wells Fargo & Company	1,258,452	$69.35M	1.3%	$39.03	+0.0%	COM	949746101
VTR	Ventas, Inc.	1,105,613	$69.12M	1.3%	$41.38	+2.9%	COM	92276F100
RHP	Ryman Hospitality Properties,	1,052,197	$66.3M	1.3%	$63.01	—	COM	78377T107
—	Thomson Reuters Corporation	1,510,390	$66.13M	1.3%	$34.11	—	COM	884903105
UNF	UniFirst Corporation	454,474	$65.28M	1.3%	$95.83	+35.0%	COM	904708104
UPS	United Parcel Service, Inc. Cl	553,925	$63.5M	1.2%	$57.77	+39.0%	COM	911312106
WMT	Wal-Mart Stores, Inc.	911,813	$63.02M	1.2%	$20.21	-1.5%	COM	931142103
XOM	Exxon Mobil Corporation	685,920	$61.91M	1.2%	$49.41	+17.7%	COM	30231G102
—	TE Connectivity Ltd.	884,251	$61.26M	1.2%	$57.47	—	COM	H84989104
—	Unilever PLC Sponsored ADR	1,477,016	$60.12M	1.2%	$42.00	—	COM	904767704
CMP	Compass Minerals International	765,089	$59.95M	1.1%	$59.12	-2.5%	COM	20451N101
MET	MetLife, Inc.	1,110,989	$59.87M	1.1%	$27.52	+22.5%	COM	59156R108
EMR	Emerson Electric Co.	1,067,582	$59.52M	1.1%	$41.70	+2.8%	COM	291011104
INTC	Intel Corporation	1,632,681	$59.22M	1.1%	$18.10	+61.0%	COM	458140100
AMGN	Amgen Inc.	396,721	$58.01M	1.1%	$112.35	+1.8%	COM	031162100
VLO	Valero Energy Corporation	847,274	$57.89M	1.1%	$40.57	+5.4%	COM	91913Y100
—	Blackhawk Network Holdings, In	1,489,556	$56.12M	1.1%	$38.21	—	COM	09238E104
GWW	W.W. Grainger, Inc.	228,471	$53.06M	1.0%	$194.21	0.0%	COM	384802104
—	Spectra Energy Partners, LP	1,125,056	$51.57M	1.0%	$46.68	—	COM	84756N109
AXS	Axis Capital Holdings Limited	784,652	$51.21M	1.0%	$46.61	0.0%	COM	G0692U109
JCI	Johnson Controls International	1,217,989	$50.17M	1.0%	$33.23	+3.2%	COM	G51502105
CAH	Cardinal Health, Inc.	687,307	$49.47M	0.9%	$60.56	-8.7%	COM	14149Y108
IMKTA	Ingles Markets, Incorporated C	1,022,237	$49.17M	0.9%	$30.51	+28.9%	COM	457030104
CSGS	CSG Systems International, Inc	1,002,716	$48.53M	0.9%	$19.50	+82.6%	COM	126349109
CVX	Chevron Corporation	411,204	$48.4M	0.9%	$72.10	+2.4%	COM	166764100
WY	Weyerhaeuser Company	1,605,389	$48.31M	0.9%	$21.22	+2.2%	COM	962166104
ACH	Owens & Minor, Inc.	1,365,515	$48.19M	0.9%	$27.34	+11.3%	COM	690732102
KMB	Kimberly-Clark Corporation	421,059	$48.05M	0.9%	$73.30	+15.3%	COM	494368103
—	Time Warner Inc.	489,791	$47.28M	0.9%	$72.74	—	COM	887317303
PII	Polaris Industries Inc.	545,592	$44.95M	0.9%	$87.01	-6.3%	COM	731068102
—	AmeriGas Partners, L.P.	934,380	$44.77M	0.9%	$46.41	—	COM	030975106
SBRA	Sabra Health Care REIT, Inc.	1,831,235	$44.72M	0.9%	$24.25	—	COM	78573L106
—	Aircastle Limited	2,136,028	$44.54M	0.9%	$17.59	—	COM	G0129K104
—	Communications Sales & Leasing	1,694,221	$43.05M	0.8%	$27.77	—	COM	20341J104
PEP	PepsiCo, Inc.	399,897	$41.84M	0.8%	$57.00	+39.2%	COM	713448108
—	Magellan Midstream Partners, L	531,509	$40.2M	0.8%	$69.38	—	COM	559080106
CNA	CNA Financial Corporation	938,977	$38.97M	0.7%	$17.46	+12.9%	COM	126117100
LYB	LyondellBasell Industries NV	446,472	$38.3M	0.7%	$47.15	+4.7%	COM	N53745100
—	Air Transport Services Group,	2,300,685	$36.72M	0.7%	$9.68	—	COM	00922R105
DIN	DineEquity, Inc.	475,604	$36.62M	0.7%	$53.55	+1.8%	COM	254423106
—	Cedar Fair, L.P.	556,230	$35.71M	0.7%	$57.29	—	COM	150185106
—	VeriFone Systems, Inc.	1,977,893	$35.07M	0.7%	$17.00	—	COM	92342Y109
MUSA	Murphy USA, Inc.	564,319	$34.69M	0.7%	$58.41	+12.0%	COM	626755102
—	Premier Inc. Class A	1,090,244	$33.1M	0.6%	$32.06	—	COM	74051N102
—	Biglari Holdings Inc.	67,088	$31.75M	0.6%	$413.80	—	COM	08986R101
—	Cubic Corporation	653,495	$31.34M	0.6%	$43.63	—	COM	229669106
—	Vectren Corporation	598,388	$31.21M	0.6%	$42.01	—	COM	92240G101
—	International Speedway Corpora	842,455	$31M	0.6%	$32.23	—	COM	460335201
—	La Quinta Holdings, Inc.	2,116,060	$30.07M	0.6%	$11.93	—	COM	50420D108
PLUS	ePlus inc.	247,180	$28.48M	0.5%	$19.79	+31.1%	COM	294268107
—	SP Plus Corporation	1,001,654	$28.2M	0.5%	$24.66	—	COM	78469C103
—	Liberty Interactive Corporatio	753,138	$27.77M	0.5%	$36.87	—	COM	53071M856
—	SodaStream International Ltd.	678,068	$26.76M	0.5%	$20.26	—	COM	M9068E105
—	Tribune Media Co. Class A	759,927	$26.58M	0.5%	$38.23	—	COM	896047503
PRSU	Viad Corp	580,187	$25.59M	0.5%	$27.20	+48.0%	COM	92552R406
—	Forward Air Corporation	533,628	$25.28M	0.5%	$41.62	—	COM	349853101
—	PICO Holdings, Inc.	1,659,921	$25.15M	0.5%	$19.71	—	COM	693366205
MPAA	Motorcar Parts of America, Inc	865,043	$23.29M	0.4%	$30.83	-14.5%	COM	620071100
—	KLX, Inc.	497,713	$22.45M	0.4%	$39.19	—	COM	482539103
RGP	Resources Connection, Inc.	1,157,137	$22.27M	0.4%	$15.89	+0.8%	COM	76122Q105
MSTR	MicroStrategy Incorporated Cla	106,710	$21.07M	0.4%	$17.21	+9.9%	COM	594972408
ATNI	ATN International, Inc.	255,160	$20.45M	0.4%	$57.27	+0.9%	COM	00215F107
PBF	PBF Energy, Inc. Class A	701,535	$19.56M	0.4%	$30.07	-18.9%	COM	69318G106
—	Air Methods Corporation	605,331	$19.28M	0.4%	$39.55	—	COM	009128307
—	NeuStar, Inc. Class A	559,799	$18.7M	0.4%	$40.10	—	COM	64126X201
—	US Ecology, Inc.	368,921	$18.13M	0.3%	$37.08	—	COM	91732J102
—	Sykes Enterprises, Incorporate	624,202	$18.01M	0.3%	$28.86	—	COM	871237103
—	TransMontaigne Partners L.P.	405,850	$17.97M	0.3%	$40.17	—	COM	89376V100
TDS	Telephone and Data Systems, In	610,202	$17.62M	0.3%	$23.92	+14.0%	COM	879433829
WSBC	WesBanco, Inc.	403,212	$17.36M	0.3%	$30.79	+21.4%	COM	950810101
—	Akorn, Inc.	789,521	$17.23M	0.3%	$23.79	—	COM	009728106
—	Spirit AeroSystems Holdings, I	294,043	$17.16M	0.3%	$43.56	—	COM	848574109
LBRDK	Liberty Broadband Corp. Class	220,496	$16.33M	0.3%	$49.76	+32.2%	COM	530307305
TBRG	Computer Programs and Systems,	678,651	$16.02M	0.3%	$23.16	0.0%	COM	205306103
—	Realogy Holdings Corp.	613,890	$15.79M	0.3%	$26.11	—	COM	75605Y106
KELYA	Kelly Services, Inc. Class A	676,179	$15.5M	0.3%	$14.47	+24.7%	COM	488152208
BLMN	Bloomin' Brands, Inc.	857,585	$15.46M	0.3%	$13.12	+9.0%	COM	094235108
CSWC	Capital Southwest Corporation	943,034	$15.23M	0.3%	$4.77	+11.5%	COM	140501107
—	National CineMedia, Inc.	976,662	$14.39M	0.3%	$16.85	—	COM	635309107
—	American National Insurance Co	111,808	$13.93M	0.3%	$97.64	—	COM	028591105
OSIS	OSI Systems, Inc.	177,870	$13.54M	0.3%	$55.08	+30.9%	COM	671044105
—	J. Alexander's Holdings, Inc.	1,208,254	$12.99M	0.2%	$10.43	—	COM	46609J106
ITRN	Ituran Location & Control Ltd.	451,161	$11.96M	0.2%	$21.12	+22.7%	COM	M6158M104
NSP	Insperity, Inc.	168,142	$11.93M	0.2%	$18.12	+59.6%	COM	45778Q107
DLB	Dolby Laboratories, Inc. Class	262,660	$11.87M	0.2%	$35.78	+19.0%	COM	25659T107
BRK/B	Berkshire Hathaway Inc. Class	64,987	$10.59M	0.2%	$142.35	+8.2%	COM	084670702
—	Match Group, Inc.	594,275	$10.16M	0.2%	$12.27	—	COM	57665R106
—	Allied World Assurance Company	189,038	$10.15M	0.2%	$35.71	—	COM	H01531104
—	Liberty Expedia Holdings Inc C	248,454	$9.856M	0.2%	$39.67	—	COM	53046P109
—	Leucadia National Corporation	418,759	$9.736M	0.2%	$24.28	—	COM	527288104
MCRI	Monarch Casino & Resort, Inc.	374,410	$9.652M	0.2%	$13.57	+82.7%	COM	609027107
MSGS	Madison Square Garden Co. Clas	55,570	$9.531M	0.2%	$118.42	+2.5%	COM	55825T103
NGVC	Natural Grocers by Vitamin Cot	778,240	$9.253M	0.2%	$8.67	-2.1%	COM	63888U108
MMI	Marcus & Millichap, Inc.	342,270	$9.145M	0.2%	$24.07	0.0%	COM	566324109
—	UCP, Inc. Class A	752,534	$9.068M	0.2%	$7.58	—	COM	90265Y106
CVS	CVS Health Corporation	103,238	$8.147M	0.2%	$62.05	-1.6%	COM	126650100
—	Kansas City Southern	95,062	$8.066M	0.2%	$78.65	—	COM	485170302
BBSI	Barrett Business Services, Inc	124,803	$8M	0.2%	$10.50	+12.7%	COM	068463108
CMCSA	Comcast Corporation Class A	114,977	$7.939M	0.2%	$22.75	+17.9%	COM	20030N101
—	Liberty Media Corp. Series C L	227,782	$7.726M	0.1%	$32.99	—	COM	531229607
GPK	Graphic Packaging Holding Comp	602,410	$7.518M	0.1%	$12.93	0.0%	COM	388689101
DVA	DaVita Inc.	112,898	$7.248M	0.1%	$63.84	-2.4%	COM	23918K108
—	Vista Outdoor Inc	190,982	$7.047M	0.1%	$36.90	—	COM	928377100
FCNCA	First Citizens BancShares, Inc	18,629	$6.613M	0.1%	$188.90	+67.6%	COM	31946M103
—	Gran Tierra Energy Inc.	2,189,213	$6.611M	0.1%	$2.73	—	COM	38500T101
GM	General Motors Company	189,252	$6.594M	0.1%	$27.89	+1.0%	COM	37045V100
—	L Brands, Inc.	92,652	$6.1M	0.1%	$68.05	—	COM	501797104
EPM	Evolution Petroleum Corporatio	587,247	$5.872M	0.1%	$5.13	-8.5%	COM	30049A107
—	Oaktree Capital Group, LLC Cla	130,364	$4.889M	0.1%	$45.75	—	COM	674001201
RL	Ralph Lauren Corporation Class	49,473	$4.468M	0.1%	$82.18	+2.8%	COM	751212101
—	QEP Resources, Inc.	172,090	$3.168M	0.1%	$18.41	—	COM	74733V100
—	Parkway, Inc.	126,965	$2.825M	0.1%	$22.25	—	COM	70156Q107
ALEX	Alexander & Baldwin, Inc.	34,855	$1.564M	0.0%	$44.87	—	COM	014491104
—	Allergan plc	7,078	$1.486M	0.0%	$223.09	—	COM	G0177J108
CRVL	CorVel Corporation	39,677	$1.452M	0.0%	$11.44	0.0%	COM	221006109
MCK	McKesson Corporation	8,163	$1.146M	0.0%	$136.84	0.0%	COM	58155Q103
CBRE	CBRE Group, Inc. Class A	32,238	$1.015M	0.0%	$28.95	0.0%	COM	12504L109
FNF	Fidelity National Financial, I	29,757	$1.011M	0.0%	$16.65	0.0%	COM	31620R303
MPC	Marathon Petroleum Corporation	19,997	$1.007M	0.0%	$34.23	0.0%	COM	56585A102
—	Diamond Offshore Drilling, Inc	53,603	$949K	0.0%	$17.70	—	COM	25271C102
—	Blackstone Group L.P.	34,779	$940K	0.0%	$25.54	—	COM	09253U108
—	Express Scripts Holding Compan	13,141	$904K	0.0%	$68.72	—	COM	30219G108
—	HollyFrontier Corporation	26,476	$867K	0.0%	$32.75	—	COM	436106108