Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IRM	Iron Mountain, Inc.	3,423,069	$118M	2.3%	$19.49	+10.7%	COM	46284V101
USB	U.S. Bancorp	2,128,868	$111M	2.1%	$24.92	+48.4%	COM	902973304
—	Praxair, Inc.	829,114	$110M	2.1%	$108.18	—	COM	74005P104
—	BB&T Corporation	2,259,679	$103M	2.0%	$34.07	—	COM	054937107
NFG	National Fuel Gas Company	1,779,458	$99.36M	1.9%	$62.65	-10.2%	COM	636180101
GLW	Corning Inc	3,288,180	$98.81M	1.9%	$14.08	+61.8%	COM	219350105
MPC	Marathon Petroleum Corporation	1,714,170	$89.7M	1.7%	$37.77	+4.6%	COM	56585A102
VZ	Verizon Communications Inc.	1,839,722	$82.16M	1.6%	$26.91	+9.7%	COM	92343V104
FAST	Fastenal Company	1,809,916	$78.79M	1.5%	$8.07	+11.0%	COM	311900104
CNK	Cinemark Holdings, Inc.	1,952,821	$75.87M	1.5%	$26.03	+41.2%	COM	17243V102
RHP	Ryman Hospitality Properties,	1,159,452	$74.22M	1.4%	$62.87	—	COM	78377T107
—	Extended Stay America Inc	3,821,119	$73.98M	1.4%	$19.36	—	COM	30224P200
UNP	Union Pacific Corporation	651,994	$71.01M	1.4%	$62.35	+44.5%	COM	907818108
OMC	Omnicom Group Inc	841,614	$69.77M	1.3%	$51.13	+20.1%	COM	681919106
—	Fidelity National Financial, I	4,403,026	$69.57M	1.3%	$12.48	—	COM	31620R402
WTM	White Mountains Insurance Grou	79,335	$68.91M	1.3%	$661.87	+31.1%	COM	G9618E107
VTR	Ventas, Inc.	975,772	$67.8M	1.3%	$41.47	+10.9%	COM	92276F100
WFC	Wells Fargo & Company	1,222,937	$67.76M	1.3%	$39.03	+8.1%	COM	949746101
WMT	Wal-Mart Stores, Inc.	878,922	$66.52M	1.3%	$20.21	+9.0%	COM	931142103
AMGN	Amgen Inc.	380,444	$65.52M	1.3%	$112.35	+11.6%	COM	031162100
—	Unilever PLC Sponsored ADR	1,186,581	$64.22M	1.2%	$42.00	—	COM	904767704
MSI	Motorola Solutions, Inc.	718,797	$62.35M	1.2%	$53.83	+38.9%	COM	620076307
CAH	Cardinal Health, Inc.	791,250	$61.65M	1.2%	$60.57	-3.6%	COM	14149Y108
MSFT	Microsoft Corporation	884,200	$60.95M	1.2%	$30.39	+105.1%	COM	594918104
EMR	Emerson Electric Co.	1,020,371	$60.84M	1.2%	$41.70	+15.1%	COM	291011104
—	Blackhawk Network Holdings, In	1,390,224	$60.61M	1.2%	$38.47	—	COM	09238E104
JCI	Johnson Controls International	1,395,658	$60.52M	1.2%	$33.41	+2.8%	COM	G51502105
—	Nielsen Holdings Plc	1,548,266	$59.86M	1.2%	$38.66	—	COM	G6518L108
UPS	United Parcel Service, Inc. Cl	528,708	$58.47M	1.1%	$57.77	+33.8%	COM	911312106
MET	MetLife, Inc.	1,062,785	$58.39M	1.1%	$27.52	+25.8%	COM	59156R108
—	Thomson Reuters Corporation	1,247,283	$57.74M	1.1%	$34.11	—	COM	884903105
COTY	Coty Inc. Class A	3,069,257	$57.58M	1.1%	$16.54	0.0%	COM	222070203
—	TE Connectivity Ltd.	727,782	$57.26M	1.1%	$57.47	—	COM	H84989104
OXY	Occidental Petroleum Corporati	954,094	$57.12M	1.1%	$59.86	-19.0%	COM	674599105
PNC	PNC Financial Services Group,	455,767	$56.91M	1.1%	$51.64	+74.9%	COM	693475105
TGT	Target Corporation	1,077,423	$56.34M	1.1%	$48.91	-13.0%	COM	87612E106
UNF	UniFirst Corporation	399,927	$56.27M	1.1%	$95.83	+39.0%	COM	904708104
SBRA	Sabra Health Care REIT, Inc.	2,314,827	$55.79M	1.1%	$24.21	—	COM	78573L106
MUSA	Murphy USA, Inc.	743,750	$55.12M	1.1%	$59.84	+13.6%	COM	626755102
VLO	Valero Energy Corporation	808,415	$54.54M	1.1%	$40.57	+13.5%	COM	91913Y100
QCOM	QUALCOMM Incorporated	959,405	$52.98M	1.0%	$50.88	-13.0%	COM	747525103
INTC	Intel Corporation	1,567,444	$52.89M	1.0%	$18.10	+63.3%	COM	458140100
XOM	Exxon Mobil Corporation	652,989	$52.72M	1.0%	$49.41	+12.3%	COM	30231G102
KMB	Kimberly-Clark Corporation	401,942	$51.9M	1.0%	$73.30	+31.3%	COM	494368103
WY	Weyerhaeuser Company	1,531,936	$51.32M	1.0%	$21.22	+13.3%	COM	962166104
CVS	CVS Health Corporation	629,665	$50.66M	1.0%	$60.83	-0.8%	COM	126650100
—	Liberty Interactive Corporatio	939,775	$49.14M	1.0%	$38.41	—	COM	53071M856
—	Interpublic Group of Companies	1,993,490	$49.04M	0.9%	$17.39	0.0%	COM	460690100
PII	Polaris Industries Inc.	527,361	$48.64M	0.9%	$87.01	-1.4%	COM	731068102
AXS	Axis Capital Holdings Limited	750,587	$48.53M	0.9%	$46.61	+9.6%	COM	G0692U109
—	Liberty Expedia Holdings Inc C	890,987	$48.13M	0.9%	$44.27	—	COM	53046P109
NVO	Novo Nordisk A/S Sponsored ADR	1,120,310	$48.05M	0.9%	$38.61	—	COM	670100205
—	Premier Inc. Class A	1,327,863	$47.8M	0.9%	$32.01	—	COM	74051N102
CMP	Compass Minerals International	728,644	$47.58M	0.9%	$59.12	-12.9%	COM	20451N101
—	Spectra Energy Partners, LP	1,057,565	$45.37M	0.9%	$46.68	—	COM	84756N109
—	Aircastle Limited	2,037,237	$44.31M	0.9%	$17.59	—	COM	G0129K104
PEP	PepsiCo, Inc.	380,226	$43.91M	0.8%	$57.00	+54.7%	COM	713448108
—	Cedar Fair, L.P.	590,024	$42.54M	0.8%	$58.09	—	COM	150185106
ACH	Owens & Minor, Inc.	1,305,961	$42.04M	0.8%	$27.34	+9.7%	COM	690732102
—	Uniti Group Inc	1,622,936	$40.8M	0.8%	$25.85	—	COM	91325V108
CSGS	CSG Systems International, Inc	1,004,547	$40.77M	0.8%	$20.77	+57.9%	COM	126349109
CVX	Chevron Corporation	390,679	$40.76M	0.8%	$72.10	+1.5%	COM	166764100
—	AmeriGas Partners, L.P.	881,862	$39.83M	0.8%	$46.41	—	COM	030975106
AWI	Armstrong World Industries, In	863,127	$39.7M	0.8%	$41.71	0.0%	COM	04247X102
OPLN	KAR Auction Services, Inc.	883,878	$37.1M	0.7%	$16.28	0.0%	COM	48238T109
GEO	GEO Group Inc	1,222,419	$36.15M	0.7%	$12.54	+70.8%	COM	36162J106
LYB	LyondellBasell Industries NV	427,011	$36.03M	0.7%	$47.15	+5.6%	COM	N53745100
—	Magellan Midstream Partners, L	500,409	$35.66M	0.7%	$69.38	—	COM	559080106
IMKTA	Ingles Markets, Incorporated C	1,058,948	$35.26M	0.7%	$31.45	+12.2%	COM	457030104
CNA	CNA Financial Corporation	690,611	$33.67M	0.7%	$17.46	+43.8%	COM	126117100
—	Select Comfort Corporation	863,354	$30.64M	0.6%	$24.79	—	COM	81616X103
GWW	W.W. Grainger, Inc.	159,157	$28.73M	0.6%	$194.21	-14.4%	COM	384802104
—	Biglari Holdings Inc.	70,577	$28.21M	0.5%	$416.02	—	COM	08986R101
ABG	Asbury Automotive Group, Inc.	478,834	$27.08M	0.5%	$62.39	-7.8%	COM	043436104
AFIIQ	Armstrong Flooring, Inc.	1,496,807	$26.9M	0.5%	$18.73	0.0%	COM	04238R106
—	International Speedway Corpora	714,835	$26.84M	0.5%	$32.51	—	COM	460335201
—	SP Plus Corporation	863,909	$26.39M	0.5%	$24.66	—	COM	78469C103
—	Mitel Networks Corporation	3,551,590	$26.1M	0.5%	$7.35	—	COM	60671Q104
TBRG	Computer Programs and Systems,	794,935	$26.07M	0.5%	$23.25	+26.5%	COM	205306103
MPAA	Motorcar Parts of America, Inc	922,877	$26.06M	0.5%	$30.35	-3.6%	COM	620071100
—	La Quinta Holdings, Inc.	1,673,080	$24.71M	0.5%	$11.93	—	COM	50420D108
—	PICO Holdings, Inc.	1,390,976	$24.34M	0.5%	$19.71	—	COM	693366205
—	VeriFone Systems, Inc.	1,332,190	$24.11M	0.5%	$17.00	—	COM	92342Y109
—	Forward Air Corporation	429,885	$22.9M	0.4%	$41.62	—	COM	349853101
—	Cubic Corporation	466,726	$21.61M	0.4%	$43.63	—	COM	229669106
—	Spirit AeroSystems Holdings, I	366,787	$21.25M	0.4%	$46.41	—	COM	848574109
—	Realogy Holdings Corp.	636,312	$20.65M	0.4%	$26.27	—	COM	75605Y106
WKC	World Fuel Services Corporatio	517,340	$19.89M	0.4%	$39.47	-7.4%	COM	981475106
ATNI	ATN International, Inc.	287,212	$19.66M	0.4%	$56.78	-2.4%	COM	00215F107
—	Sykes Enterprises, Incorporate	580,483	$19.46M	0.4%	$28.88	—	COM	871237103
—	Air Transport Services Group,	876,390	$19.09M	0.4%	$9.68	—	COM	00922R105
SABR	Sabre Corp.	813,248	$17.7M	0.3%	$22.89	-0.5%	COM	78573M104
MSTR	MicroStrategy Incorporated Cla	92,270	$17.68M	0.3%	$17.21	+7.9%	COM	594972408
BRK/B	Berkshire Hathaway Inc. Class	102,076	$17.29M	0.3%	$151.60	+9.7%	COM	084670702
—	Liberty Global Plc LiLAC Group	768,588	$16.45M	0.3%	$21.41	—	COM	G5480U153
TDS	Telephone and Data Systems, In	589,130	$16.35M	0.3%	$24.85	+10.6%	COM	879433829
RGP	Resources Connection, Inc.	1,190,608	$16.31M	0.3%	$16.03	-15.2%	COM	76122Q105
—	TransMontaigne Partners L.P.	381,834	$16.04M	0.3%	$40.17	—	COM	89376V100
LBRDK	Liberty Broadband Corp. Class	177,767	$15.42M	0.3%	$49.76	+64.6%	COM	530307305
WSBC	WesBanco, Inc.	379,827	$15.02M	0.3%	$30.79	+26.0%	COM	950810101
PBF	PBF Energy, Inc. Class A	633,935	$14.11M	0.3%	$28.86	-25.6%	COM	69318G106
CSWC	Capital Southwest Corporation	872,480	$14.03M	0.3%	$4.82	+24.7%	COM	140501107
DLB	Dolby Laboratories, Inc. Class	264,590	$12.95M	0.3%	$35.78	+26.6%	COM	25659T107
—	J. Alexander's Holdings, Inc.	1,036,513	$12.7M	0.2%	$10.43	—	COM	46609J106
—	KLX, Inc.	249,115	$12.46M	0.2%	$39.19	—	COM	482539103
PLUS	ePlus inc.	167,426	$12.41M	0.2%	$19.79	+83.2%	COM	294268107
—	Liberty Media Corp. Series C L	268,561	$11.2M	0.2%	$34.07	—	COM	531229607
OSIS	OSI Systems, Inc.	146,940	$11.04M	0.2%	$55.08	+37.4%	COM	671044105
GM	General Motors Company	315,670	$11.03M	0.2%	$28.82	+0.8%	COM	37045V100
ITRN	Ituran Location & Control Ltd.	346,820	$10.86M	0.2%	$21.12	+49.0%	COM	M6158M104
—	Kansas City Southern	102,662	$10.74M	0.2%	$79.17	—	COM	485170302
CNDT	Conduent, Inc.	661,930	$10.55M	0.2%	$16.38	0.0%	COM	206787103
MSGS	Madison Square Garden Co. Clas	48,720	$9.593M	0.2%	$119.08	+18.8%	COM	55825T103
—	Oaktree Capital Group, LLC Cla	201,627	$9.396M	0.2%	$45.59	—	COM	674001201
—	Match Group, Inc.	515,438	$8.958M	0.2%	$12.27	—	COM	57665R106
DVA	DaVita Inc.	138,246	$8.953M	0.2%	$64.26	+3.0%	COM	23918K108
CCOI	Cogent Communications Holdings	219,454	$8.8M	0.2%	$26.76	0.0%	COM	19239V302
—	Leucadia National Corporation	328,799	$8.601M	0.2%	$24.28	—	COM	527288104
MMI	Marcus & Millichap, Inc.	317,861	$8.379M	0.2%	$24.06	-3.4%	COM	566324109
—	QEP Resources, Inc.	823,640	$8.319M	0.2%	$13.65	—	COM	74733V100
—	American National Insurance Co	70,497	$8.212M	0.2%	$97.64	—	COM	028591105
—	Aegion Corporation	354,740	$7.762M	0.2%	$21.88	—	COM	00770F104
—	HollyFrontier Corporation	276,160	$7.586M	0.1%	$27.98	—	COM	436106108
NGVC	Natural Grocers by Vitamin Cot	893,087	$7.386M	0.1%	$8.63	-18.6%	COM	63888U108
CMCSA	Comcast Corporation Class A	189,457	$7.374M	0.1%	$26.87	+18.7%	COM	20030N101
—	Taro Pharmaceutical Industries	65,470	$7.337M	0.1%	$115.48	—	COM	M8737E108
KELYA	Kelly Services, Inc. Class A	319,664	$7.176M	0.1%	$14.47	+37.7%	COM	488152208
OM2	Orthofix International NV	138,096	$6.419M	0.1%	$46.48	—	COM	N6748L102
—	UCP, Inc. Class A	566,170	$6.2M	0.1%	$7.58	—	COM	90265Y106
BBSI	Barrett Business Services, Inc	103,106	$5.907M	0.1%	$10.54	+20.0%	COM	068463108
GPK	Graphic Packaging Holding Comp	411,550	$5.671M	0.1%	$12.93	+3.8%	COM	388689101
MCRI	Monarch Casino & Resort, Inc.	187,290	$5.666M	0.1%	$13.57	+122.2%	COM	609027107
FCNCA	First Citizens BancShares, Inc	15,104	$5.629M	0.1%	$188.90	+77.6%	COM	31946M103
—	US Ecology, Inc.	101,190	$5.11M	0.1%	$37.08	—	COM	91732J102
—	Vista Outdoor Inc	217,600	$4.898M	0.1%	$25.16	—	COM	928377100
PRSU	Viad Corp	97,615	$4.612M	0.1%	$27.20	+60.9%	COM	92552R406
—	SodaStream International Ltd.	72,762	$3.894M	0.1%	$20.26	—	COM	M9068E105
EPM	Evolution Petroleum Corporatio	480,618	$3.893M	0.1%	$5.13	-13.4%	COM	30049A107
—	Liberty Global Plc LiLAC Group	169,120	$3.682M	0.1%	$21.77	—	COM	G5480U138
—	Gran Tierra Energy Inc.	1,493,993	$3.347M	0.1%	$2.72	—	COM	38500T101
—	TechTarget, Inc.	314,361	$3.26M	0.1%	$9.03	—	COM	87874R100
EVTC	EVERTEC, Inc.	167,298	$2.894M	0.1%	$15.57	0.0%	COM	30040P103
GOOG	Alphabet Inc. Class C	2,115	$1.922M	0.0%	$42.57	+6.8%	COM	02079K107
MCK	McKesson Corporation	11,157	$1.836M	0.0%	$138.91	+1.9%	COM	58155Q103
—	Blackstone Group L.P.	35,862	$1.196M	0.0%	$27.08	—	COM	09253U108
ALEX	Alexander & Baldwin, Inc.	24,105	$997K	0.0%	$44.87	—	COM	014491104
ACGP	Associated Capital Group, Inc.	27,790	$945K	0.0%	$30.75	0.0%	COM	045528106
TPH	TRI Pointe Group Inc	44,408	$586K	0.0%	$12.47	0.0%	COM	87265H109
—	Speedway Motorsports, Inc.	20,066	$367K	0.0%	$18.29	—	COM	847788106
DEO	Diageo plc Sponsored ADR	1,929	$231K	0.0%	$119.75	—	COM	25243Q205
CB	Chubb Limited	1,463	$213K	0.0%	$120.85	0.0%	COM	H1467J104
SMFG	Sumitomo Mitsui Financial Grou	22,492	$177K	0.0%	$7.87	—	COM	86562M209