Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USB	U.S. Bancorp	1,948,192	$103M	2.1%	$25.62	+52.7%	COM	902973304
MPC	Marathon Petroleum Corporation	1,213,063	$97.01M	2.0%	$38.51	+62.3%	COM	56585A102
FAST	Fastenal Company	1,648,257	$95.63M	2.0%	$8.48	+39.0%	COM	311900104
GLW	Corning Inc	2,483,753	$87.68M	1.8%	$14.08	+88.1%	COM	219350105
TGT	Target Corporation	987,713	$87.13M	1.8%	$49.50	+37.3%	COM	87612E106
IRM	Iron Mountain, Inc.	2,486,108	$85.82M	1.8%	$19.61	+21.4%	COM	46284V101
CMCSA	Comcast Corporation Class A	2,421,437	$85.74M	1.8%	$30.16	-2.7%	COM	20030N101
—	Premier Inc. Class A	1,795,385	$82.19M	1.7%	$33.54	—	COM	74051N102
—	BB&T Corporation	1,690,401	$82.05M	1.7%	$34.07	—	COM	054937107
—	Praxair, Inc.	492,225	$79.11M	1.6%	$108.18	—	COM	74005P104
WTM	White Mountains Insurance Grou	76,645	$71.73M	1.5%	$681.28	+36.1%	COM	G9618E107
—	Extended Stay America, Inc.	3,465,042	$70.1M	1.5%	$19.38	—	COM	30224P200
CSCO	Cisco Systems, Inc.	1,360,050	$66.17M	1.4%	$29.77	+21.1%	COM	17275R102
QCOM	QUALCOMM Incorporated	913,371	$65.79M	1.4%	$50.84	+7.5%	COM	747525103
WMT	Walmart Inc.	698,309	$65.58M	1.4%	$20.21	+35.3%	COM	931142103
—	Hostess Brands, Inc. Class A	5,886,401	$65.16M	1.4%	$14.46	—	COM	44109J106
KMB	Kimberly-Clark Corporation	555,927	$63.18M	1.3%	$79.14	+9.4%	COM	494368103
AXS	Axis Capital Holdings Limited	1,083,854	$62.55M	1.3%	$45.11	+1.8%	COM	G0692U109
SBUX	Starbucks Corporation	1,066,239	$60.6M	1.3%	$47.73	-5.6%	COM	855244109
AMGN	Amgen Inc.	282,396	$58.54M	1.2%	$112.35	+40.1%	COM	031162100
CNNE	Cannae Holdings, Inc.	2,792,467	$58.5M	1.2%	$16.45	+13.2%	COM	13765N107
CNK	Cinemark Holdings, Inc.	1,449,766	$58.28M	1.2%	$27.02	+26.7%	COM	17243V102
OPLN	KAR Auction Services, Inc.	958,858	$57.23M	1.2%	$16.35	+41.2%	COM	48238T109
—	Avaya Holdings Corp.	2,568,133	$56.86M	1.2%	$21.80	—	COM	05351X101
VZ	Verizon Communications Inc.	1,056,922	$56.43M	1.2%	$26.91	+32.5%	COM	92343V104
WFC	Wells Fargo & Company	1,073,197	$56.41M	1.2%	$39.03	+19.2%	COM	949746101
KHC	Kraft Heinz Company	1,010,593	$55.69M	1.2%	$47.46	-11.9%	COM	500754106
—	Nielsen Holdings Plc	1,999,046	$55.29M	1.1%	$35.86	—	COM	G6518L108
XOM	Exxon Mobil Corporation	640,371	$54.44M	1.1%	$51.07	+14.0%	COM	30231G102
—	GCI Liberty, Inc. Class A	1,057,825	$53.95M	1.1%	$52.21	—	COM	36164V305
UPS	United Parcel Service, Inc. Cl	458,702	$53.55M	1.1%	$61.49	+43.8%	COM	911312106
LILAK	Liberty Latin America Ltd. Cla	2,549,936	$52.6M	1.1%	$19.75	-6.1%	COM	G9001E128
CSGS	CSG Systems International, Inc	1,279,165	$51.35M	1.1%	$27.22	+24.3%	COM	126349109
EMR	Emerson Electric Co.	647,365	$49.58M	1.0%	$41.70	+48.5%	COM	291011104
PEP	PepsiCo, Inc.	442,007	$49.42M	1.0%	$64.51	+40.0%	COM	713448108
OMC	Omnicom Group Inc	721,138	$49.05M	1.0%	$51.51	+4.2%	COM	681919106
—	Liberty Expedia Holdings Inc C	1,042,674	$49.05M	1.0%	$43.27	—	COM	53046P109
—	Unilever PLC Sponsored ADR	880,358	$48.39M	1.0%	$42.00	—	COM	904767704
—	Interpublic Group of Companies	2,110,992	$48.28M	1.0%	$16.68	+0.9%	COM	460690100
RPM	RPM International Inc.	725,373	$47.11M	1.0%	$50.15	+28.4%	COM	749685103
RHP	Ryman Hospitality Properties,	539,077	$46.45M	1.0%	$62.87	—	COM	78377T107
UNP	Union Pacific Corporation	283,418	$46.15M	1.0%	$62.35	+105.0%	COM	907818108
VTR	Ventas, Inc.	842,835	$45.83M	1.0%	$41.64	+2.2%	COM	92276F100
UNF	UniFirst Corporation	263,367	$45.73M	1.0%	$97.67	+80.4%	COM	904708104
OXY	Occidental Petroleum Corporati	556,425	$45.72M	0.9%	$59.86	+13.2%	COM	674599105
CARS	Cars.com, Inc.	1,653,747	$45.66M	0.9%	$25.52	+9.5%	COM	14575E105
SBRA	Sabra Health Care REIT, Inc.	1,942,479	$44.91M	0.9%	$24.11	—	COM	78573L106
SABR	Sabre Corp.	1,706,755	$44.51M	0.9%	$23.03	+11.5%	COM	78573M104
—	Discovery, Inc. Class C	1,483,513	$43.88M	0.9%	$21.81	—	COM	25470F302
NFG	National Fuel Gas Company	776,362	$43.52M	0.9%	$62.65	-11.9%	COM	636180101
—	Walgreens Boots Alliance Inc	582,933	$42.5M	0.9%	$60.02	—	COM	931427108
—	Thomson Reuters Corporation	922,934	$42.16M	0.9%	$34.11	—	COM	884903105
—	Aircastle Limited	1,812,739	$39.72M	0.8%	$17.90	—	COM	G0129K104
GEO	GEO Group Inc	1,575,911	$39.65M	0.8%	$14.57	+32.0%	COM	36162J106
LBRDK	Liberty Broadband Corp. Class	449,789	$37.92M	0.8%	$66.28	+12.6%	COM	530307305
AWI	Armstrong World Industries, In	528,031	$36.75M	0.8%	$41.71	+53.9%	COM	04247X102
WY	Weyerhaeuser Company	1,135,162	$36.63M	0.8%	$21.22	+22.1%	COM	962166104
JCI	Johnson Controls International	1,044,790	$36.57M	0.8%	$33.41	-6.3%	COM	G51502105
BRK/B	Berkshire Hathaway Inc. Class	170,648	$36.54M	0.8%	$173.84	+18.0%	COM	084670702
MUSA	Murphy USA, Inc.	425,192	$36.34M	0.8%	$59.84	+34.1%	COM	626755102
CVX	Chevron Corporation	292,081	$35.72M	0.7%	$72.10	+21.9%	COM	166764100
—	Magellan Midstream Partners, L	518,036	$35.08M	0.7%	$69.59	—	COM	559080106
—	Oaktree Specialty Lending Corp	6,969,793	$34.57M	0.7%	$4.88	—	COM	67401P108
CNDT	Conduent, Inc.	1,471,708	$33.14M	0.7%	$17.34	+18.4%	COM	206787103
PNC	PNC Financial Services Group,	242,411	$33.01M	0.7%	$51.64	+112.0%	COM	693475105
—	Tech Data Corporation	453,140	$32.43M	0.7%	$71.57	—	COM	878237106
CNA	CNA Financial Corporation	692,376	$31.61M	0.7%	$20.44	+33.0%	COM	126117100
BKH	Black Hills Corporation	535,838	$31.13M	0.6%	$40.90	+10.6%	COM	092113109
IMKTA	Ingles Markets, Incorporated C	887,792	$30.41M	0.6%	$31.07	-4.2%	COM	457030104
WSBC	WesBanco, Inc.	655,936	$29.24M	0.6%	$35.25	+35.7%	COM	950810101
WKC	World Fuel Services Corporatio	1,044,500	$28.91M	0.6%	$30.10	-14.7%	COM	981475106
—	FGL Holdings Class A	3,197,808	$28.62M	0.6%	$9.78	—	COM	G3402M102
CASY	Casey's General Stores, Inc.	219,315	$28.32M	0.6%	$103.41	+5.7%	COM	147528103
—	Meredith Corporation	536,702	$27.4M	0.6%	$53.80	—	COM	589433101
INTC	Intel Corporation	578,883	$27.38M	0.6%	$18.10	+129.3%	COM	458140100
SNBR	Sleep Number Corporation	736,503	$27.09M	0.6%	$33.13	-2.1%	COM	83125X103
—	Spectra Energy Partners, LP	753,957	$26.92M	0.6%	$46.68	—	COM	84756N109
LYB	LyondellBasell Industries NV	256,741	$26.32M	0.5%	$47.15	+45.7%	COM	N53745100
—	AmeriGas Partners, L.P.	656,335	$25.93M	0.5%	$46.41	—	COM	030975106
—	Brookfield Asset Management In	561,361	$25M	0.5%	$42.32	—	COM	112585104
—	Forward Air Corporation	344,618	$24.71M	0.5%	$42.08	—	COM	349853101
VYX	NCR Corporation	838,000	$23.81M	0.5%	$18.85	-5.6%	COM	62886E108
—	Cedar Fair, L.P.	450,311	$23.45M	0.5%	$58.09	—	COM	150185106
VLO	Valero Energy Corporation	204,643	$23.28M	0.5%	$40.57	+107.6%	COM	91913Y100
—	Patterson Companies, Inc.	951,183	$23.26M	0.5%	$22.44	—	COM	703395103
—	Air Transport Services Group,	1,080,213	$23.19M	0.5%	$15.11	—	COM	00922R105
PBF	PBF Energy, Inc. Class A	458,267	$22.87M	0.5%	$28.86	+64.7%	COM	69318G106
ABG	Asbury Automotive Group, Inc.	325,779	$22.4M	0.5%	$61.63	+16.9%	COM	043436104
MPAA	Motorcar Parts of America, Inc	928,266	$21.77M	0.5%	$30.18	-22.9%	COM	620071100
ACIW	ACI Worldwide, Inc.	769,179	$21.64M	0.4%	$24.36	+12.0%	COM	004498101
PII	Polaris Industries Inc.	213,493	$21.55M	0.4%	$87.01	+28.3%	COM	731068102
MET	MetLife, Inc.	443,505	$20.72M	0.4%	$27.52	+29.1%	COM	59156R108
—	Sykes Enterprises, Incorporate	673,392	$20.53M	0.4%	$29.30	—	COM	871237103
MCK	McKesson Corporation	143,241	$19M	0.4%	$124.65	-1.2%	COM	58155Q103
—	Allergan plc	95,165	$18.13M	0.4%	$170.13	—	COM	G0177J108
—	Cubic Corporation	239,785	$17.52M	0.4%	$43.63	—	COM	229669106
ATNI	ATN International, Inc.	234,823	$17.35M	0.4%	$55.05	+1.2%	COM	00215F107
MSI	Motorola Solutions, Inc.	132,034	$17.18M	0.4%	$53.83	+107.8%	COM	620076307
AMCX	AMC Networks Inc. Class A	240,644	$15.96M	0.3%	$53.20	+17.2%	COM	00164V103
CSWC	Capital Southwest Corporation	840,207	$15.95M	0.3%	$4.88	+59.9%	COM	140501107
AFIIQ	Armstrong Flooring, Inc.	881,000	$15.95M	0.3%	$18.73	-13.3%	COM	04238R106
—	Liberty Media Corp. Series C L	359,769	$15.63M	0.3%	$38.67	—	COM	531229607
KMI	Kinder Morgan Inc Class P	869,605	$15.42M	0.3%	$11.69	0.0%	COM	49456B101
AGX	Argan, Inc.	354,378	$15.24M	0.3%	$31.70	+4.5%	COM	04010E109
RGP	Resources Connection, Inc.	901,884	$14.97M	0.3%	$16.03	+1.9%	COM	76122Q105
—	PICO Holdings, Inc.	1,187,856	$14.91M	0.3%	$19.46	—	COM	693366205
—	TransMontaigne Partners L.P.	379,482	$14.61M	0.3%	$40.63	—	COM	89376V100
GNW	Genworth Financial, Inc. Class	3,427,599	$14.29M	0.3%	$3.00	+50.3%	COM	37247D106
TBRG	Computer Programs and Systems,	529,305	$14.21M	0.3%	$23.42	+21.0%	COM	205306103
ITRN	Ituran Location & Control Ltd.	400,625	$13.78M	0.3%	$22.72	+45.3%	COM	M6158M104
GM	General Motors Company	401,752	$13.53M	0.3%	$33.20	-0.4%	COM	37045V100
CMP	Compass Minerals International	195,091	$13.11M	0.3%	$57.79	-7.9%	COM	20451N101
—	Oaktree Capital Group, LLC Cla	314,886	$13.04M	0.3%	$44.25	—	COM	674001201
AAP	Advance Auto Parts, Inc.	67,175	$11.31M	0.2%	$87.42	+54.6%	COM	00751Y106
—	J. Alexander's Holdings, Inc.	944,465	$11.24M	0.2%	$10.42	—	COM	46609J106
EXPE	Expedia Group, Inc.	83,313	$10.87M	0.2%	$112.53	+12.3%	COM	30212P303
—	Entercom Communications Corp.	1,317,794	$10.41M	0.2%	$10.46	—	COM	293639100
—	American National Insurance Co	72,180	$9.332M	0.2%	$98.51	—	COM	028591105
NMRK	Newmark Group, Inc. Class A	760,003	$8.504M	0.2%	$13.08	-11.7%	COM	65158N102
BH	Biglari Holdings Inc. Class B	46,425	$8.419M	0.2%	$226.63	-15.5%	COM	08986R309
JEF	Jefferies Financial Group Inc.	379,032	$8.324M	0.2%	$16.63	-0.0%	COM	47233W109
OSIS	OSI Systems, Inc.	107,953	$8.238M	0.2%	$59.65	+30.1%	COM	671044105
—	Kansas City Southern	65,555	$7.426M	0.2%	$79.17	—	COM	485170302
LILA	Liberty Latin America Ltd. Cla	343,829	$7.165M	0.1%	$20.12	-8.0%	COM	G9001E102
BBSI	Barrett Business Services, Inc	101,308	$6.765M	0.1%	$12.52	+46.1%	COM	068463108
DLB	Dolby Laboratories, Inc. Class	93,862	$6.568M	0.1%	$35.78	+68.7%	COM	25659T107
FCNCA	First Citizens BancShares, Inc	14,377	$6.502M	0.1%	$188.90	+127.5%	COM	31946M103
—	SP Plus Corporation	176,501	$6.442M	0.1%	$24.66	—	COM	78469C103
PRSU	Viad Corp	100,895	$5.978M	0.1%	$28.79	+102.4%	COM	92552R406
KELYA	Kelly Services, Inc. Class A	240,258	$5.773M	0.1%	$14.92	+47.2%	COM	488152208
BH/A	Biglari Holdings, Inc. Class A	6,116	$5.639M	0.1%	$994.08	-3.8%	COM	08986R408
EPM	Evolution Petroleum Corporatio	494,355	$5.463M	0.1%	$5.12	+23.7%	COM	30049A107
—	Gran Tierra Energy Inc.	1,411,823	$5.393M	0.1%	$2.71	—	COM	38500T101
—	WageWorks, Inc.	95,893	$4.099M	0.1%	$42.75	—	COM	930427109
—	QEP Resources, Inc.	283,140	$3.205M	0.1%	$13.58	—	COM	74733V100
TTEC	TTEC Holdings, Inc.	89,978	$2.33M	0.0%	$29.10	0.0%	COM	89854H102
GOOG	Alphabet Inc. Class C	1,368	$1.633M	0.0%	$42.75	+39.1%	COM	02079K107
ALK	Alaska Air Group, Inc.	21,807	$1.502M	0.0%	$59.49	+5.2%	COM	011659109
—	Blackstone Group L.P.	34,283	$1.305M	0.0%	$27.08	—	COM	09253U108
YUMC	Yum China Holdings, Inc.	34,921	$1.226M	0.0%	$35.63	0.0%	COM	98850P109
—	Liberty Global Plc Class C	36,155	$1.018M	0.0%	$26.61	—	COM	G5480U120
—	Brookfield Property Partners L	48,103	$1.005M	0.0%	$20.89	—	COM	G16249107
—	DowDuPont Inc.	11,623	$747K	0.0%	$64.27	—	COM	26078J100
ALEX	Alexander & Baldwin, Inc.	21,493	$488K	0.0%	$32.63	—	COM	014491104
DEO	Diageo plc Sponsored ADR	2,536	$359K	0.0%	$125.37	—	COM	25243Q205
—	Ingersoll-Rand Plc	3,396	$347K	0.0%	$88.57	—	COM	G47791101
NTR	Nutrien Ltd.	5,390	$311K	0.0%	$38.37	+12.3%	COM	67077M108
—	Canadian Pacific Railway Limit	1,389	$294K	0.0%	$188.04	—	COM	13645T100
SAP	SAP SE Sponsored ADR	2,290	$282K	0.0%	$109.93	—	COM	803054204
OTEX	Open Text Corporation	7,021	$267K	0.0%	$29.15	+9.2%	COM	683715106
—	Shire PLC Sponsored ADR	1,452	$263K	0.0%	$168.71	—	COM	82481R106
—	Royal Dutch Shell Plc Sponsore	3,560	$253K	0.0%	$68.61	—	COM	780259107
IX	ORIX Corporation Sponsored ADR	3,024	$245K	0.0%	$81.55	—	COM	686330101
PUK	Prudential plc Sponsored ADR	5,180	$238K	0.0%	$50.73	—	COM	74435K204
ABBNY	ABB Ltd. Sponsored ADR	9,950	$235K	0.0%	$23.62	—	COM	000375204
SMFG	Sumitomo Mitsui Financial Grou	29,078	$233K	0.0%	$7.93	—	COM	86562M209
NVS	Novartis AG Sponsored ADR	2,690	$232K	0.0%	$85.79	—	COM	66987V109
CHKP	Check Point Software Technolog	1,914	$225K	0.0%	$113.61	0.0%	COM	M22465104
RELX	RELX PLC Sponsored ADR	10,707	$224K	0.0%	$20.92	—	COM	759530108
BP	BP p.l.c. Sponsored ADR	4,804	$221K	0.0%	$42.07	—	COM	055622104
MLCO	Melco Resorts and Entertainmen	10,372	$219K	0.0%	$24.48	—	COM	585464100
UBS	UBS Group AG	13,114	$206K	0.0%	$17.14	-8.3%	COM	H42097107
RIO	Rio Tinto plc Sponsored ADR	3,976	$203K	0.0%	$52.86	—	COM	767204100