Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BB&T Corporation	2,155,041	$100M	2.2%	$37.51	—	COM	054937107
CMCSA	Comcast Corporation Class A	2,385,590	$95.38M	2.1%	$30.16	+4.6%	COM	20030N101
FAST	Fastenal Company	1,466,269	$94.3M	2.1%	$8.48	+49.0%	COM	311900104
USB	U.S. Bancorp	1,859,263	$89.6M	2.0%	$25.62	+46.8%	COM	902973304
—	Extended Stay America, Inc.	4,730,436	$84.91M	1.9%	$18.54	—	COM	30224P200
KMI	Kinder Morgan Inc Class P	4,226,968	$84.58M	1.9%	$11.38	+9.8%	COM	49456B101
—	Hostess Brands, Inc. Class A	6,211,047	$77.64M	1.7%	$14.31	—	COM	44109J106
GLW	Corning Inc	2,177,828	$72.09M	1.6%	$14.08	+92.1%	COM	219350105
TGT	Target Corporation	873,166	$70.08M	1.6%	$49.50	+22.6%	COM	87612E106
IRM	Iron Mountain, Inc.	1,952,204	$69.22M	1.5%	$19.61	+24.6%	COM	46284V101
—	Premier Inc. Class A	1,928,936	$66.53M	1.5%	$33.95	—	COM	74051N102
MPC	Marathon Petroleum Corporation	1,078,153	$64.53M	1.4%	$38.51	+31.0%	COM	56585A102
CSCO	Cisco Systems, Inc.	1,194,470	$64.49M	1.4%	$29.77	+32.7%	COM	17275R102
CNNE	Cannae Holdings, Inc.	2,630,151	$63.81M	1.4%	$16.45	+21.7%	COM	13765N107
—	GCI Liberty, Inc. Class A	1,117,198	$62.13M	1.4%	$51.77	—	COM	36164V305
AXS	Axis Capital Holdings Limited	1,125,786	$61.67M	1.4%	$45.09	+1.1%	COM	G0692U109
KMB	Kimberly-Clark Corporation	497,563	$61.65M	1.4%	$79.14	+15.4%	COM	494368103
WTM	White Mountains Insurance Grou	65,749	$60.85M	1.4%	$681.28	+33.0%	COM	G9618E107
MSM	MSC Industrial Direct Co., Inc	674,053	$55.75M	1.2%	$82.88	-0.6%	COM	553530106
VZ	Verizon Communications Inc.	931,886	$55.1M	1.2%	$26.91	+44.8%	COM	92343V104
LILAK	Liberty Latin America Ltd. Cla	2,708,298	$52.68M	1.2%	$19.59	-12.5%	COM	G9001E128
CNK	Cinemark Holdings, Inc.	1,288,265	$51.52M	1.2%	$27.02	+36.0%	COM	17243V102
—	Air Transport Services Group,	2,223,371	$51.25M	1.1%	$19.20	—	COM	00922R105
WFC	Wells Fargo & Company	1,048,986	$50.69M	1.1%	$39.03	+4.4%	COM	949746101
—	Walgreens Boots Alliance Inc	785,438	$49.7M	1.1%	$61.09	—	COM	931427108
CSGS	CSG Systems International, Inc	1,171,079	$49.54M	1.1%	$27.22	+22.9%	COM	126349109
PNC	PNC Financial Services Group,	397,048	$48.7M	1.1%	$69.57	+39.2%	COM	693475105
AMGN	Amgen Inc.	253,026	$48.07M	1.1%	$112.35	+37.7%	COM	031162100
PEP	PepsiCo, Inc.	391,724	$48.01M	1.1%	$64.51	+43.3%	COM	713448108
VTR	Ventas, Inc.	745,405	$47.56M	1.1%	$41.64	+13.5%	COM	92276F100
SBUX	Starbucks Corporation	636,108	$47.29M	1.1%	$47.73	+24.1%	COM	855244109
OMC	Omnicom Group Inc	643,221	$46.95M	1.0%	$51.51	+13.6%	COM	681919106
BRK/B	Berkshire Hathaway Inc. Class	230,168	$46.24M	1.0%	$182.23	+10.8%	COM	084670702
CNDT	Conduent, Inc.	3,306,368	$45.73M	1.0%	$16.10	-17.3%	COM	206787103
XOM	Exxon Mobil Corporation	565,716	$45.71M	1.0%	$51.07	+8.5%	COM	30231G102
UPS	United Parcel Service, Inc. Cl	408,347	$45.63M	1.0%	$61.49	+31.7%	COM	911312106
—	Unilever PLC Sponsored ADR	787,888	$45.48M	1.0%	$42.00	—	COM	904767704
VYX	NCR Corporation	1,660,361	$45.31M	1.0%	$17.34	-4.5%	COM	62886E108
LKQ	LKQ Corporation	1,592,523	$45.2M	1.0%	$24.40	-1.0%	COM	501889208
WMT	Walmart Inc.	461,898	$45.05M	1.0%	$20.21	+44.7%	COM	931142103
LBRDK	Liberty Broadband Corp. Class	482,526	$44.27M	1.0%	$66.79	+19.3%	COM	530307305
OPLN	KAR Auction Services, Inc.	853,875	$43.81M	1.0%	$16.35	+15.3%	COM	48238T109
UNF	UniFirst Corporation	277,530	$42.6M	1.0%	$99.72	+35.1%	COM	904708104
—	Linde PLC	242,011	$42.58M	1.0%	$156.04	—	COM	G5494J103
ITW	Illinois Tool Works Inc.	296,609	$42.57M	1.0%	$110.50	+5.9%	COM	452308109
SABR	Sabre Corp.	1,925,114	$41.18M	0.9%	$23.08	-3.8%	COM	78573M104
—	Liberty Expedia Holdings Inc C	949,992	$40.66M	0.9%	$43.27	—	COM	53046P109
AWI	Armstrong World Industries, In	507,317	$40.29M	0.9%	$41.71	+56.0%	COM	04247X102
RHP	Ryman Hospitality Properties,	488,664	$40.19M	0.9%	$63.22	—	COM	78377T107
—	CDK Global Inc	678,392	$39.9M	0.9%	$47.88	—	COM	12508E101
LYB	LyondellBasell Industries NV	463,376	$38.96M	0.9%	$51.60	+7.5%	COM	N53745100
—	Interpublic Group of Companies	1,801,888	$37.86M	0.8%	$16.68	+1.1%	COM	460690100
BMY	Bristol-Myers Squibb Company	792,741	$37.82M	0.8%	$38.30	0.0%	COM	110122108
RPM	RPM International Inc.	650,646	$37.76M	0.8%	$50.15	+13.2%	COM	749685103
—	Discovery, Inc. Class C	1,459,424	$37.1M	0.8%	$21.94	—	COM	25470F302
—	Aircastle Limited	1,808,070	$36.59M	0.8%	$18.13	—	COM	G0129K104
—	Brookfield Asset Management In	777,089	$36.25M	0.8%	$42.67	—	COM	112585104
—	FGL Holdings Class A	4,574,759	$36M	0.8%	$8.90	—	COM	G3402M102
—	Lazard Ltd Class A	995,152	$35.97M	0.8%	$36.91	—	COM	G54050102
—	Nielsen Holdings Plc	1,517,691	$35.92M	0.8%	$35.86	—	COM	G6518L108
—	Magellan Midstream Partners, L	586,750	$35.58M	0.8%	$67.81	—	COM	559080106
EPD	Enterprise Products Partners L	1,178,015	$34.28M	0.8%	$25.06	—	COM	293792107
SBRA	Sabra Health Care REIT, Inc.	1,717,484	$33.44M	0.7%	$24.11	—	COM	78573L106
OXY	Occidental Petroleum Corporati	496,972	$32.9M	0.7%	$59.86	-5.7%	COM	674599105
CNA	CNA Financial Corporation	749,838	$32.51M	0.7%	$21.42	+25.6%	COM	126117100
EMR	Emerson Electric Co.	470,513	$32.22M	0.7%	$41.70	+34.3%	COM	291011104
CVX	Chevron Corporation	260,251	$32.06M	0.7%	$72.10	+21.3%	COM	166764100
PRSU	Viad Corp	567,758	$31.96M	0.7%	$46.50	+15.3%	COM	92552R406
WKC	World Fuel Services Corporatio	1,100,677	$31.8M	0.7%	$29.79	-11.9%	COM	981475106
—	Avaya Holdings Corp.	1,887,132	$31.76M	0.7%	$21.80	—	COM	05351X101
VLO	Valero Energy Corporation	346,843	$29.42M	0.7%	$51.35	+21.5%	COM	91913Y100
—	Thomson Reuters Corporation	490,841	$29.06M	0.6%	$48.31	—	COM	884903709
MUSA	Murphy USA, Inc.	338,871	$29.01M	0.6%	$59.84	+28.4%	COM	626755102
—	Tech Data Corporation	281,985	$28.88M	0.6%	$72.98	—	COM	878237106
QCOM	QUALCOMM Incorporated	505,393	$28.82M	0.6%	$50.84	-10.0%	COM	747525103
D	Dominion Energy Inc	360,318	$27.62M	0.6%	$53.89	0.0%	COM	25746U109
NFG	National Fuel Gas Company	450,473	$27.46M	0.6%	$62.65	-7.3%	COM	636180101
INTC	Intel Corporation	507,131	$27.23M	0.6%	$18.10	+142.1%	COM	458140100
—	Meredith Corporation	480,525	$26.55M	0.6%	$53.80	—	COM	589433101
—	MSG Networks Inc. Class A	1,118,150	$24.32M	0.5%	$21.75	—	COM	553573106
—	Oaktree Specialty Lending Corp	4,561,826	$23.63M	0.5%	$4.88	—	COM	67401P108
IMKTA	Ingles Markets, Incorporated C	835,456	$23.07M	0.5%	$31.07	-12.8%	COM	457030104
WSBC	WesBanco, Inc.	568,527	$22.6M	0.5%	$35.25	+14.2%	COM	950810101
—	WageWorks, Inc.	572,433	$21.61M	0.5%	$34.03	—	COM	930427109
AGX	Argan, Inc.	431,344	$21.55M	0.5%	$32.25	+15.6%	COM	04010E109
—	Cubic Corporation	379,535	$21.34M	0.5%	$47.41	—	COM	229669106
—	Cedar Fair, L.P.	402,425	$21.18M	0.5%	$58.09	—	COM	150185106
MCK	McKesson Corporation	175,319	$20.52M	0.5%	$123.38	-5.0%	COM	58155Q103
—	Patterson Companies, Inc.	908,990	$19.86M	0.4%	$22.44	—	COM	703395103
—	Forward Air Corporation	293,789	$19.02M	0.4%	$42.08	—	COM	349853101
—	Colfax Corporation	618,176	$18.35M	0.4%	$20.90	—	COM	194014106
PBF	PBF Energy, Inc. Class A	584,697	$18.21M	0.4%	$30.61	+9.8%	COM	69318G106
—	Allergan plc	121,217	$17.75M	0.4%	$163.39	—	COM	G0177J108
AAPL	Apple Inc.	89,400	$16.98M	0.4%	$40.43	0.0%	COM	037833100
MET	MetLife, Inc.	394,244	$16.78M	0.4%	$27.52	+27.3%	COM	59156R108
—	Liberty Media Corp. Series C L	431,625	$16.5M	0.4%	$38.51	—	COM	531229607
MPAA	Motorcar Parts of America, Inc	862,285	$16.27M	0.4%	$30.18	-34.0%	COM	620071100
PII	Polaris Industries Inc.	190,549	$16.09M	0.4%	$87.01	-2.5%	COM	731068102
EXPE	Expedia Group, Inc.	130,711	$15.55M	0.3%	$114.20	+3.9%	COM	30212P303
ITRN	Ituran Location and Control Lt	406,895	$13.89M	0.3%	$22.84	+49.6%	COM	M6158M104
RGP	Resources Connection, Inc.	821,332	$13.59M	0.3%	$16.03	+4.2%	COM	76122Q105
TBRG	Computer Programs and Systems,	450,241	$13.37M	0.3%	$23.83	+18.2%	COM	205306103
CSWC	Capital Southwest Corporation	598,863	$12.6M	0.3%	$4.88	+89.9%	COM	140501107
AFIIQ	Armstrong Flooring, Inc.	889,182	$12.09M	0.3%	$18.60	-26.6%	COM	04238R106
ABG	Asbury Automotive Group, Inc.	169,021	$11.72M	0.3%	$61.63	+13.0%	COM	043436104
—	Kansas City Southern	97,081	$11.26M	0.3%	$85.21	—	COM	485170302
—	Health Insurance Innovations,	396,010	$10.62M	0.2%	$26.82	—	COM	42225K106
ACIW	ACI Worldwide, Inc.	317,605	$10.44M	0.2%	$24.36	+25.1%	COM	004498101
PETS	PetMed Express, Inc.	455,230	$10.37M	0.2%	$26.69	-15.5%	COM	716382106
—	Sykes Enterprises, Incorporate	360,083	$10.18M	0.2%	$29.30	—	COM	871237103
—	J. Alexander's Holdings, Inc.	956,506	$9.393M	0.2%	$10.40	—	COM	46609J106
OSIS	OSI Systems, Inc.	103,883	$9.1M	0.2%	$59.65	+40.3%	COM	671044105
—	PICO Holdings, Inc.	917,550	$9.084M	0.2%	$19.46	—	COM	693366205
—	AmeriGas Partners, L.P.	283,463	$8.751M	0.2%	$46.41	—	COM	030975106
SYBT	Stock Yards Bancorp, Inc.	252,793	$8.547M	0.2%	$32.57	+7.3%	COM	861025104
VRRM	Verra Mobility Corporation Cla	695,050	$8.271M	0.2%	$10.35	0.0%	COM	92511U102
BBSI	Barrett Business Services, Inc	106,338	$8.223M	0.2%	$12.65	+24.6%	COM	068463108
—	American National Insurance Co	67,267	$8.127M	0.2%	$98.51	—	COM	028591105
—	SP Plus Corporation	217,994	$7.438M	0.2%	$25.68	—	COM	78469C103
FCNCA	First Citizens BancShares, Inc	17,818	$7.255M	0.2%	$236.43	+71.5%	COM	31946M103
ARMK	Aramark	210,140	$6.21M	0.1%	$20.52	0.0%	COM	03852U106
LILA	Liberty Latin America Ltd. Cla	316,761	$6.126M	0.1%	$20.12	-14.8%	COM	G9001E102
NMRK	Newmark Group, Inc. Class A	727,327	$6.066M	0.1%	$13.08	-34.5%	COM	65158N102
JEF	Jefferies Financial Group Inc.	321,225	$6.036M	0.1%	$16.63	-14.2%	COM	47233W109
—	Entercom Communications Corp.	1,026,361	$5.388M	0.1%	$10.46	—	COM	293639100
—	TechTarget, Inc.	310,740	$5.056M	0.1%	$12.21	—	COM	87874R100
CASY	Casey's General Stores, Inc.	38,567	$4.966M	0.1%	$103.41	+20.8%	COM	147528103
KELYA	Kelly Services, Inc. Class A	222,818	$4.915M	0.1%	$14.92	+40.0%	COM	488152208
BH	Biglari Holdings Inc. Class B	32,918	$4.653M	0.1%	$226.63	-42.0%	COM	08986R309
GNW	Genworth Financial, Inc. Class	1,213,560	$4.648M	0.1%	$3.00	+45.8%	COM	37247D106
BH/A	Biglari Holdings, Inc. Class A	6,182	$4.546M	0.1%	$989.83	-32.3%	COM	08986R408
EPM	Evolution Petroleum Corporatio	617,642	$4.169M	0.1%	$5.19	-13.6%	COM	30049A107
AAP	Advance Auto Parts, Inc.	22,076	$3.765M	0.1%	$87.42	+62.6%	COM	00751Y106
—	Gran Tierra Energy Inc.	1,385,193	$3.144M	0.1%	$2.71	—	COM	38500T101
HAIN	Hain Celestial Group, Inc.	134,682	$3.114M	0.1%	$22.26	-13.4%	COM	405217100
CARS	Cars.com, Inc.	136,511	$3.112M	0.1%	$25.52	-5.2%	COM	14575E105
CWH	Camping World Holdings, Inc. C	200,068	$2.783M	0.1%	$9.64	0.0%	COM	13462K109
—	QEP Resources, Inc.	283,710	$2.21M	0.0%	$13.58	—	COM	74733V100
—	Emerald Expositions Events, In	150,143	$1.907M	0.0%	$12.34	—	COM	29103B100
DIS	Walt Disney Company	7,297	$810K	0.0%	$107.88	0.0%	COM	254687106
DLTR	Dollar Tree, Inc.	7,311	$768K	0.0%	$84.46	+16.2%	COM	256746108
GOOG	Alphabet Inc. Class C	605	$710K	0.0%	$42.75	+30.3%	COM	02079K107
JPM	JPMorgan Chase & Co.	6,310	$639K	0.0%	$85.34	0.0%	COM	46625H100
FDX	FedEx Corporation	3,438	$624K	0.0%	$155.84	0.0%	COM	31428X106
—	Liberty Global Plc Class C	23,572	$571K	0.0%	$26.61	—	COM	G5480U120
—	Blackstone Group L.P.	13,666	$478K	0.0%	$27.08	—	COM	09253U108
—	Brookfield Property Partners L	20,061	$413K	0.0%	$20.89	—	COM	G16249107
ALEX	Alexander & Baldwin, Inc.	15,499	$394K	0.0%	$32.02	—	COM	014491104
—	L Brands, Inc.	13,423	$370K	0.0%	$27.56	—	COM	501797104
—	DowDuPont Inc.	6,490	$346K	0.0%	$64.27	—	COM	26078J100
—	General Electric Company	33,285	$333K	0.0%	$8.68	—	COM	369604103
DEO	Diageo plc Sponsored ADR	1,810	$296K	0.0%	$125.37	—	COM	25243Q205
—	Ingersoll-Rand Plc	2,419	$261K	0.0%	$88.57	—	COM	G47791101
—	Caesars Entertainment Corporat	28,600	$249K	0.0%	$8.71	—	COM	127686103
SAP	SAP SE Sponsored ADR	2,046	$236K	0.0%	$115.35	—	COM	803054204
NVS	Novartis AG Sponsored ADR	2,347	$226K	0.0%	$96.29	—	COM	66987V109
YUMC	Yum China Holdings, Inc.	4,581	$206K	0.0%	$35.63	+10.6%	COM	98850P109
NTR	Nutrien Ltd.	3,828	$202K	0.0%	$41.21	0.0%	COM	67077M108
SMFG	Sumitomo Mitsui Financial Grou	20,063	$141K	0.0%	$7.93	—	COM	86562M209