Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USB	U.S. Bancorp	2,035,410	$102M	2.1%	$25.62	+45.4%	COM	902973304
MPC	Marathon Petroleum Corporation	1,336,653	$93.78M	2.0%	$38.51	+55.8%	COM	56585A102
IRM	Iron Mountain, Inc.	2,665,354	$93.31M	2.0%	$19.61	+13.2%	COM	46284V101
—	BB&T Corporation	1,841,025	$92.86M	1.9%	$34.07	—	COM	054937107
FAST	Fastenal Company	1,816,874	$87.45M	1.8%	$8.48	+25.4%	COM	311900104
—	Praxair, Inc.	542,552	$85.81M	1.8%	$108.18	—	COM	74005P104
TGT	Target Corporation	1,088,233	$82.84M	1.7%	$49.50	+20.5%	COM	87612E106
—	Extended Stay America, Inc.	3,701,439	$79.99M	1.7%	$19.38	—	COM	30224P200
—	Premier Inc. Class A	2,160,966	$78.62M	1.6%	$33.54	—	COM	74051N102
WTM	White Mountains Insurance Grou	85,875	$77.86M	1.6%	$681.28	+29.3%	COM	G9618E107
GLW	Corning Inc	2,710,887	$74.58M	1.6%	$14.08	+59.0%	COM	219350105
—	Hostess Brands, Inc. Class A	5,463,041	$74.3M	1.6%	$14.73	—	COM	44109J106
CMCSA	Comcast Corporation Class A	2,020,019	$66.28M	1.4%	$30.32	-11.4%	COM	20030N101
KHC	Kraft Heinz Company	1,037,573	$65.18M	1.4%	$47.46	-13.4%	COM	500754106
KMB	Kimberly-Clark Corporation	612,849	$64.56M	1.4%	$79.14	+0.3%	COM	494368103
CSCO	Cisco Systems, Inc.	1,490,490	$64.14M	1.3%	$29.77	+16.7%	COM	17275R102
WMT	Walmart Inc.	746,768	$63.96M	1.3%	$20.21	+24.9%	COM	931142103
VTR	Ventas, Inc.	1,107,952	$63.1M	1.3%	$41.64	-8.9%	COM	92276F100
WFC	Wells Fargo & Company	1,116,997	$61.93M	1.3%	$39.03	+11.1%	COM	949746101
OMC	Omnicom Group Inc	794,506	$60.6M	1.3%	$51.51	+8.9%	COM	681919106
AXS	Axis Capital Holdings Limited	1,058,181	$58.86M	1.2%	$45.09	+2.1%	COM	G0692U109
UNP	Union Pacific Corporation	413,891	$58.64M	1.2%	$62.35	+88.8%	COM	907818108
VZ	Verizon Communications Inc.	1,151,206	$57.92M	1.2%	$26.91	+19.7%	COM	92343V104
OPLN	KAR Auction Services, Inc.	1,055,833	$57.86M	1.2%	$16.35	+24.6%	COM	48238T109
XOM	Exxon Mobil Corporation	693,071	$57.34M	1.2%	$51.07	+9.9%	COM	30231G102
AMGN	Amgen Inc.	310,534	$57.32M	1.2%	$112.35	+24.8%	COM	031162100
UNF	UniFirst Corporation	318,490	$56.34M	1.2%	$97.67	+67.6%	COM	904708104
QCOM	QUALCOMM Incorporated	999,992	$56.12M	1.2%	$50.84	-9.7%	COM	747525103
CNK	Cinemark Holdings, Inc.	1,593,663	$55.91M	1.2%	$27.02	+25.0%	COM	17243V102
NFG	National Fuel Gas Company	1,026,380	$54.36M	1.1%	$62.65	-17.3%	COM	636180101
—	Interpublic Group of Companies	2,304,619	$54.02M	1.1%	$16.68	+3.9%	COM	460690100
UPS	United Parcel Service, Inc. Cl	505,745	$53.73M	1.1%	$61.49	+36.2%	COM	911312106
—	Unilever PLC Sponsored ADR	968,404	$53.53M	1.1%	$42.00	—	COM	904767704
PEP	PepsiCo, Inc.	484,276	$52.72M	1.1%	$64.51	+26.7%	COM	713448108
OXY	Occidental Petroleum Corporati	611,664	$51.18M	1.1%	$59.86	+10.8%	COM	674599105
CNNE	Cannae Holdings, Inc.	2,758,419	$51.17M	1.1%	$16.42	+15.6%	COM	13765N107
RHP	Ryman Hospitality Properties,	593,920	$49.38M	1.0%	$62.87	—	COM	78377T107
EMR	Emerson Electric Co.	713,550	$49.34M	1.0%	$41.70	+40.6%	COM	291011104
CARS	Cars.com, Inc.	1,691,840	$48.03M	1.0%	$25.52	+7.7%	COM	14575E105
RPM	RPM International Inc.	811,330	$47.32M	1.0%	$50.15	0.0%	COM	749685103
—	Avaya Holdings Corp.	2,337,113	$46.93M	1.0%	$21.76	—	COM	05351X101
GEO	GEO Group Inc	1,699,851	$46.81M	1.0%	$14.57	+20.9%	COM	36162J106
SBRA	Sabra Health Care REIT, Inc.	2,138,167	$46.46M	1.0%	$24.11	—	COM	78573L106
—	Liberty Expedia Holdings Inc C	1,049,984	$46.14M	1.0%	$43.27	—	COM	53046P109
WY	Weyerhaeuser Company	1,250,121	$45.58M	1.0%	$21.22	+27.6%	COM	962166104
—	Nielsen Holdings Plc	1,471,110	$45.5M	1.0%	$38.80	—	COM	G6518L108
—	GCI Liberty, Inc. Class A	984,711	$44.39M	0.9%	$52.30	—	COM	36164V305
LILAK	Liberty Latin America Ltd. Cla	2,198,959	$42.62M	0.9%	$19.94	-3.7%	COM	G9001E128
—	Thomson Reuters Corporation	1,016,150	$40.97M	0.9%	$34.11	—	COM	884903105
CVX	Chevron Corporation	318,370	$40.25M	0.8%	$72.10	+23.6%	COM	166764100
—	Magellan Midstream Partners, L	582,093	$40.21M	0.8%	$69.59	—	COM	559080106
—	Walgreens Boots Alliance Inc	646,087	$38.77M	0.8%	$60.02	—	COM	931427108
JCI	Johnson Controls International	1,150,777	$38.49M	0.8%	$33.41	-12.4%	COM	G51502105
SBUX	Starbucks Corporation	786,445	$38.42M	0.8%	$48.68	-1.3%	COM	855244109
BKH	Black Hills Corporation	590,471	$36.14M	0.8%	$40.90	+3.7%	COM	092113109
PNC	PNC Financial Services Group,	267,297	$36.11M	0.8%	$51.64	+116.1%	COM	693475105
—	Discovery, Inc. Class C	1,407,245	$35.88M	0.8%	$21.38	—	COM	25470F302
SABR	Sabre Corp.	1,415,267	$34.87M	0.7%	$22.48	+3.1%	COM	78573M104
MSI	Motorola Solutions, Inc.	296,631	$34.52M	0.7%	$53.83	+84.3%	COM	620076307
—	Aircastle Limited	1,681,464	$34.47M	0.7%	$17.59	—	COM	G0129K104
AWI	Armstrong World Industries, In	529,401	$33.46M	0.7%	$41.71	+32.9%	COM	04247X102
—	Oaktree Specialty Lending Corp	6,699,306	$32.02M	0.7%	$4.88	—	COM	67401P108
MUSA	Murphy USA, Inc.	429,142	$31.88M	0.7%	$59.84	+12.2%	COM	626755102
LBRDK	Liberty Broadband Corp. Class	419,676	$31.78M	0.7%	$65.68	+8.0%	COM	530307305
INTC	Intel Corporation	628,793	$31.26M	0.7%	$18.10	+148.8%	COM	458140100
LYB	LyondellBasell Industries NV	283,351	$31.13M	0.7%	$47.15	+45.0%	COM	N53745100
WSBC	WesBanco, Inc.	691,002	$31.12M	0.7%	$35.25	+28.5%	COM	950810101
—	Cedar Fair, L.P.	488,482	$30.78M	0.6%	$58.09	—	COM	150185106
CNDT	Conduent, Inc.	1,691,433	$30.73M	0.6%	$17.34	+11.4%	COM	206787103
—	AmeriGas Partners, L.P.	722,664	$30.51M	0.6%	$46.41	—	COM	030975106
—	Meredith Corporation	591,107	$30.15M	0.6%	$53.80	—	COM	589433101
—	Spectra Energy Partners, LP	849,146	$30.08M	0.6%	$46.68	—	COM	84756N109
ABG	Asbury Automotive Group, Inc.	436,900	$29.95M	0.6%	$61.63	+13.6%	COM	043436104
PII	Polaris Industries Inc.	238,392	$29.13M	0.6%	$87.01	+34.5%	COM	731068102
IMKTA	Ingles Markets, Incorporated C	884,552	$28.13M	0.6%	$31.07	-8.1%	COM	457030104
CSGS	CSG Systems International, Inc	657,309	$26.86M	0.6%	$20.96	+72.5%	COM	126349109
BRK/B	Berkshire Hathaway Inc. Class	143,508	$26.79M	0.6%	$167.92	+16.1%	COM	084670702
VLO	Valero Energy Corporation	226,006	$25.05M	0.5%	$40.57	+103.5%	COM	91913Y100
VYX	NCR Corporation	824,330	$24.71M	0.5%	$18.87	0.0%	COM	62886E108
CNA	CNA Financial Corporation	537,995	$24.58M	0.5%	$18.51	+52.5%	COM	126117100
CASY	Casey's General Stores, Inc.	232,958	$24.48M	0.5%	$103.41	-7.3%	COM	147528103
—	Forward Air Corporation	408,520	$24.14M	0.5%	$42.08	—	COM	349853101
AAP	Advance Auto Parts, Inc.	175,930	$23.87M	0.5%	$87.42	+22.2%	COM	00751Y106
COTY	Coty Inc. Class A	1,584,154	$22.34M	0.5%	$16.54	-14.5%	COM	222070203
SNBR	Sleep Number Corporation	749,107	$21.74M	0.5%	$33.13	-8.0%	COM	83125X103
—	Patterson Companies, Inc.	945,423	$21.43M	0.4%	$22.44	—	COM	703395103
MET	MetLife, Inc.	488,545	$21.3M	0.4%	$27.52	+30.5%	COM	59156R108
—	FGL Holdings Class A	2,297,563	$19.28M	0.4%	$10.10	—	COM	G3402M102
PBF	PBF Energy, Inc. Class A	459,067	$19.25M	0.4%	$28.86	+45.0%	COM	69318G106
ACIW	ACI Worldwide, Inc.	766,649	$18.91M	0.4%	$24.36	0.0%	COM	004498101
ATNI	ATN International, Inc.	351,323	$18.54M	0.4%	$55.05	-15.4%	COM	00215F107
WKC	World Fuel Services Corporatio	907,052	$18.51M	0.4%	$30.77	-24.7%	COM	981475106
EXPE	Expedia Group, Inc.	150,768	$18.12M	0.4%	$112.53	-0.4%	COM	30212P303
MPAA	Motorcar Parts of America, Inc	927,266	$17.35M	0.4%	$30.18	-30.9%	COM	620071100
TBRG	Computer Programs and Systems,	525,072	$17.27M	0.4%	$23.42	+29.5%	COM	205306103
MSFT	Microsoft Corporation	169,458	$16.71M	0.3%	$30.39	+195.4%	COM	594918104
—	Air Transport Services Group,	722,872	$16.33M	0.3%	$11.96	—	COM	00922R105
—	Brookfield Asset Management In	395,245	$16.02M	0.3%	$41.40	—	COM	112585104
AFIIQ	Armstrong Flooring, Inc.	1,137,758	$15.97M	0.3%	$18.73	-27.9%	COM	04238R106
—	Cubic Corporation	247,375	$15.88M	0.3%	$43.63	—	COM	229669106
—	Sykes Enterprises, Incorporate	543,399	$15.64M	0.3%	$29.02	—	COM	871237103
GNW	Genworth Financial, Inc. Class	3,443,799	$15.5M	0.3%	$3.00	+14.8%	COM	37247D106
RGP	Resources Connection, Inc.	912,733	$15.43M	0.3%	$16.03	+2.0%	COM	76122Q105
—	TransMontaigne Partners L.P.	413,479	$15.23M	0.3%	$40.63	—	COM	89376V100
CSWC	Capital Southwest Corporation	839,927	$15.21M	0.3%	$4.88	+41.7%	COM	140501107
AMCX	AMC Networks Inc. Class A	241,964	$15.05M	0.3%	$53.20	+7.2%	COM	00164V103
PLUS	ePlus inc.	157,238	$14.8M	0.3%	$25.31	+72.4%	COM	294268107
—	Liberty Media Corp. Series C L	318,004	$14.43M	0.3%	$38.04	—	COM	531229607
AGX	Argan, Inc.	348,818	$14.28M	0.3%	$31.67	0.0%	COM	04010E109
—	PICO Holdings, Inc.	1,221,198	$14.23M	0.3%	$19.46	—	COM	693366205
—	Allergan plc	82,039	$13.68M	0.3%	$166.87	—	COM	G0177J108
CMP	Compass Minerals International	191,191	$12.57M	0.3%	$57.88	-7.1%	COM	20451N101
BH	Biglari Holdings Inc. Class B	60,935	$11.18M	0.2%	$226.63	0.0%	COM	08986R309
—	Oaktree Capital Group, LLC Cla	271,989	$11.06M	0.2%	$44.70	—	COM	674001201
ITRN	Ituran Location & Control Ltd.	354,017	$10.74M	0.2%	$21.37	+48.0%	COM	M6158M104
—	General Electric Company	780,266	$10.62M	0.2%	$24.18	—	COM	369604103
—	J. Alexander's Holdings, Inc.	950,960	$10.6M	0.2%	$10.42	—	COM	46609J106
—	Entercom Communications Corp.	1,300,587	$9.819M	0.2%	$10.50	—	COM	293639100
NMRK	Newmark Group, Inc. Class A	667,866	$9.504M	0.2%	$13.29	-2.8%	COM	65158N102
—	American National Insurance Co	72,080	$8.62M	0.2%	$98.51	—	COM	028591105
OSIS	OSI Systems, Inc.	107,833	$8.339M	0.2%	$59.65	+17.1%	COM	671044105
BBSI	Barrett Business Services, Inc	75,472	$7.288M	0.2%	$10.54	+84.8%	COM	068463108
—	Kansas City Southern	65,905	$6.983M	0.1%	$79.17	—	COM	485170302
—	International Speedway Corpora	149,236	$6.671M	0.1%	$32.66	—	COM	460335201
—	SP Plus Corporation	176,441	$6.564M	0.1%	$24.66	—	COM	78469C103
JEF	Jefferies Financial Group Inc.	268,882	$6.114M	0.1%	$16.63	0.0%	COM	47233W109
DLB	Dolby Laboratories, Inc. Class	96,422	$5.948M	0.1%	$35.78	+59.6%	COM	25659T107
BH/A	Biglari Holdings, Inc. Class A	6,116	$5.81M	0.1%	$994.08	0.0%	COM	08986R408
FCNCA	First Citizens BancShares, Inc	14,377	$5.798M	0.1%	$188.90	+122.1%	COM	31946M103
PRSU	Viad Corp	100,785	$5.468M	0.1%	$28.79	+82.4%	COM	92552R406
KELYA	Kelly Services, Inc. Class A	239,828	$5.384M	0.1%	$14.92	+57.9%	COM	488152208
MCS	Marcus Corporation	162,810	$5.291M	0.1%	$27.42	+14.9%	COM	566330106
—	Gran Tierra Energy Inc.	1,432,833	$4.943M	0.1%	$2.71	—	COM	38500T101
—	Realogy Holdings Corp.	214,428	$4.889M	0.1%	$26.40	—	COM	75605Y106
EPM	Evolution Petroleum Corporatio	494,245	$4.868M	0.1%	$5.12	+7.0%	COM	30049A107
LILA	Liberty Latin America Ltd. Cla	242,526	$4.637M	0.1%	$20.80	-6.9%	COM	G9001E102
—	QEP Resources, Inc.	279,590	$3.428M	0.1%	$13.61	—	COM	74733V100
MCK	McKesson Corporation	13,848	$1.847M	0.0%	$138.85	-0.8%	COM	58155Q103
GOOG	Alphabet Inc. Class C	1,364	$1.522M	0.0%	$42.75	+25.5%	COM	02079K107
ALK	Alaska Air Group, Inc.	21,681	$1.309M	0.0%	$59.49	0.0%	COM	011659109
—	Blackstone Group L.P.	34,283	$1.103M	0.0%	$27.08	—	COM	09253U108
GM	General Motors Company	24,716	$974K	0.0%	$35.04	0.0%	COM	37045V100
—	Liberty Global Plc Class C	36,155	$962K	0.0%	$26.61	—	COM	G5480U120
ALEX	Alexander & Baldwin, Inc.	33,105	$778K	0.0%	$32.63	—	COM	014491104
TSCO	Tractor Supply Company	6,689	$512K	0.0%	$12.36	0.0%	COM	892356106
DEO	Diageo plc Sponsored ADR	2,714	$391K	0.0%	$125.37	—	COM	25243Q205
—	Ingersoll-Rand Plc	3,644	$327K	0.0%	$88.57	—	COM	G47791101
MLCO	Melco Resorts and Entertainmen	11,154	$312K	0.0%	$24.48	—	COM	585464100
NTR	Nutrien Ltd.	5,728	$311K	0.0%	$38.37	-0.1%	COM	67077M108
SAP	SAP SE Sponsored ADR	2,441	$282K	0.0%	$109.93	—	COM	803054204
OTEX	Open Text Corporation	7,479	$263K	0.0%	$29.15	0.0%	COM	683715106
—	Shire PLC Sponsored ADR	1,547	$261K	0.0%	$168.71	—	COM	82481R106
IX	ORIX Corporation Sponsored ADR	3,209	$254K	0.0%	$81.55	—	COM	686330101
PUK	Prudential plc Sponsored ADR	5,543	$253K	0.0%	$50.73	—	COM	74435K204
NICE	NICE Ltd Sponsored ADR	2,381	$247K	0.0%	$91.87	—	COM	653656108
SMFG	Sumitomo Mitsui Financial Grou	30,984	$241K	0.0%	$7.93	—	COM	86562M209
GIL	Gildan Activewear Inc.	8,364	$236K	0.0%	$27.35	-6.3%	COM	375916103
RIO	Rio Tinto plc Sponsored ADR	4,221	$234K	0.0%	$52.86	—	COM	767204100
CB	Chubb Limited	1,838	$233K	0.0%	$126.19	-7.7%	COM	H1467J104
BP	BP p.l.c. Sponsored ADR	5,038	$230K	0.0%	$42.07	—	COM	055622104
—	Royal Dutch Shell Plc Sponsore	3,073	$223K	0.0%	$68.22	—	COM	780259107
NVS	Novartis AG Sponsored ADR	2,858	$216K	0.0%	$85.79	—	COM	66987V109
UBS	UBS Group AG	13,944	$214K	0.0%	$17.14	-5.1%	COM	H42097107
—	Canadian Pacific Railway Limit	1,148	$210K	0.0%	$183.08	—	COM	13645T100
BUD	Anheuser-Busch InBev SA/NV Spo	2,044	$206K	0.0%	$118.42	—	COM	03524A108