Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Premier Inc. Class A	3,204,839	$125M	2.4%	$36.00	—	COM	74051N102
CMCSA	Comcast Corporation Class A	2,843,034	$120M	2.3%	$31.03	+14.5%	COM	20030N101
—	BB&T Corporation	2,402,284	$118M	2.3%	$38.71	—	COM	054937107
KMI	Kinder Morgan Inc Class P	5,575,131	$116M	2.3%	$11.94	+14.5%	COM	49456B101
USB	U.S. Bancorp	2,141,439	$112M	2.2%	$27.37	+42.2%	COM	902973304
—	Hostess Brands, Inc. Class A	7,311,766	$106M	2.1%	$14.33	—	COM	44109J106
AXS	Axis Capital Holdings Limited	1,566,049	$93.42M	1.8%	$45.96	+4.9%	COM	G0692U109
—	GCI Liberty, Inc. Class A	1,484,729	$91.25M	1.8%	$54.17	—	COM	36164V305
BRK/B	Berkshire Hathaway Inc. Class	406,470	$86.65M	1.7%	$192.94	+7.2%	COM	084670702
—	Extended Stay America, Inc.	5,021,316	$84.81M	1.6%	$18.44	—	COM	30224P200
CNNE	Cannae Holdings, Inc.	2,890,789	$83.78M	1.6%	$17.23	+45.6%	COM	13765N107
LBRDK	Liberty Broadband Corp. Class	793,922	$82.74M	1.6%	$76.80	+20.2%	COM	530307305
VYX	NCR Corporation	2,424,016	$75.39M	1.5%	$17.73	+4.8%	COM	62886E108
TGT	Target Corporation	814,479	$70.54M	1.4%	$49.50	+36.8%	COM	87612E106
SABR	Sabre Corp.	3,062,412	$67.99M	1.3%	$22.47	-4.6%	COM	78573M104
GLW	Corning Inc	2,033,216	$67.56M	1.3%	$14.08	+89.1%	COM	219350105
MSM	MSC Industrial Direct Co., Inc	901,949	$66.98M	1.3%	$81.43	-5.3%	COM	553530106
LKQ	LKQ Corporation	2,458,060	$65.41M	1.3%	$24.66	+1.9%	COM	501889208
WTM	White Mountains Insurance Grou	63,406	$64.77M	1.3%	$681.28	+41.2%	COM	G9618E107
—	Discovery, Inc. Class C	2,275,145	$64.73M	1.3%	$24.28	—	COM	25470F302
—	Walgreens Boots Alliance Inc	1,145,605	$62.63M	1.2%	$59.07	—	COM	931427108
—	Air Transport Services Group,	2,559,209	$62.45M	1.2%	$19.88	—	COM	00922R105
KMB	Kimberly-Clark Corporation	464,588	$61.92M	1.2%	$79.14	+29.1%	COM	494368103
WKC	World Fuel Services Corporatio	1,713,149	$61.6M	1.2%	$30.36	+3.4%	COM	981475106
—	Brookfield Asset Management In	1,280,082	$61.16M	1.2%	$44.68	—	COM	112585104
CSCO	Cisco Systems, Inc.	1,114,689	$61.01M	1.2%	$29.77	+51.8%	COM	17275R102
UNF	UniFirst Corporation	318,425	$60.05M	1.2%	$106.85	+45.3%	COM	904708104
FAST	Fastenal Company	1,841,443	$60.01M	1.2%	$9.59	+45.3%	COM	311900104
MPC	Marathon Petroleum Corporation	1,014,405	$56.69M	1.1%	$38.51	+14.9%	COM	56585A102
IRM	Iron Mountain, Inc.	1,807,982	$56.59M	1.1%	$19.61	+17.7%	COM	46284V101
—	CDK Global Inc	1,098,769	$54.32M	1.1%	$48.48	—	COM	12508E101
LILAK	Liberty Latin America Ltd. Cla	3,138,842	$53.96M	1.0%	$19.37	-7.2%	COM	G9001E128
AMGN	Amgen Inc.	285,153	$52.55M	1.0%	$116.17	+25.8%	COM	031162100
—	Liberty Expedia Holdings Inc C	1,096,921	$52.42M	1.0%	$43.88	—	COM	53046P109
FNF	Fidelity National Financial, I	1,299,654	$52.38M	1.0%	$28.17	0.0%	COM	31620R303
PNC	PNC Financial Services Group,	370,674	$50.89M	1.0%	$69.57	+49.7%	COM	693475105
VZ	Verizon Communications Inc.	877,418	$50.13M	1.0%	$26.91	+48.8%	COM	92343V104
OMC	Omnicom Group Inc	600,103	$49.18M	1.0%	$51.51	+20.3%	COM	681919106
UPS	United Parcel Service, Inc. Cl	470,929	$48.63M	0.9%	$63.97	+25.3%	COM	911312106
PEP	PepsiCo, Inc.	364,190	$47.76M	0.9%	$64.51	+62.4%	COM	713448108
VTR	Ventas, Inc.	695,756	$47.55M	0.9%	$41.64	+17.3%	COM	92276F100
D	Dominion Energy Inc	609,059	$47.09M	0.9%	$55.10	+3.2%	COM	25746U109
WMB	Williams Companies, Inc.	1,627,308	$45.63M	0.9%	$19.18	0.0%	COM	969457100
—	Unilever PLC Sponsored ADR	734,810	$45.54M	0.9%	$42.00	—	COM	904767704
LYB	LyondellBasell Industries NV	514,882	$44.35M	0.9%	$51.98	+6.6%	COM	N53745100
—	FGL Holdings Class A	5,238,833	$44.01M	0.9%	$8.84	—	COM	G3402M102
CNK	Cinemark Holdings, Inc.	1,201,900	$43.39M	0.8%	$27.02	+38.6%	COM	17243V102
ITW	Illinois Tool Works Inc.	276,727	$41.73M	0.8%	$110.50	+16.4%	COM	452308109
XOM	Exxon Mobil Corporation	533,579	$40.89M	0.8%	$51.07	+11.4%	COM	30231G102
MCK	McKesson Corporation	299,442	$40.24M	0.8%	$121.50	-2.2%	COM	58155Q103
—	Interpublic Group of Companies	1,749,350	$39.52M	0.8%	$16.68	+1.9%	COM	460690100
CSGS	CSG Systems International, Inc	802,816	$39.2M	0.8%	$27.22	+46.3%	COM	126349109
EXPE	Expedia Group, Inc.	286,575	$38.12M	0.7%	$117.80	+2.6%	COM	30212P303
EPD	Enterprise Products Partners L	1,293,639	$37.35M	0.7%	$25.40	—	COM	293792107
RPM	RPM International Inc.	607,112	$37.1M	0.7%	$50.15	+17.7%	COM	749685103
QCOM	QUALCOMM Incorporated	472,091	$35.91M	0.7%	$50.84	+23.3%	COM	747525103
—	Aircastle Limited	1,658,502	$35.26M	0.7%	$18.13	—	COM	G0129K104
—	Tech Data Corporation	336,575	$35.21M	0.7%	$78.11	—	COM	878237106
JPM	JPMorgan Chase & Co.	312,097	$34.89M	0.7%	$91.88	+0.1%	COM	46625H100
AWI	Armstrong World Industries, In	357,616	$34.76M	0.7%	$41.71	+100.7%	COM	04247X102
—	Magellan Midstream Partners, L	533,146	$34.12M	0.7%	$67.81	—	COM	559080106
WMT	Walmart Inc.	308,758	$34.12M	0.7%	$20.21	+54.9%	COM	931142103
—	Allergan plc	203,594	$34.09M	0.7%	$165.02	—	COM	G0177J108
MUSA	Murphy USA, Inc.	400,015	$33.61M	0.7%	$63.13	+28.9%	COM	626755102
BMY	Bristol-Myers Squibb Company	740,097	$33.56M	0.7%	$38.30	-5.7%	COM	110122108
CNA	CNA Financial Corporation	693,960	$32.66M	0.6%	$21.42	+33.8%	COM	126117100
WFC	Wells Fargo & Company	683,366	$32.34M	0.6%	$39.03	+0.1%	COM	949746101
PRSU	Viad Corp	487,512	$32.29M	0.6%	$46.50	+31.7%	COM	92552R406
—	Lazard Ltd Class A	928,606	$31.93M	0.6%	$36.91	—	COM	G54050102
—	Six Flags Entertainment Corpor	626,562	$31.13M	0.6%	$49.68	—	COM	83001A102
—	Linde PLC	154,682	$31.06M	0.6%	$156.04	—	COM	G5494J103
RHP	Ryman Hospitality Properties,	381,333	$30.92M	0.6%	$63.22	—	COM	78377T107
CVX	Chevron Corporation	246,560	$30.68M	0.6%	$72.10	+25.2%	COM	166764100
—	IAA Inc.	789,213	$30.61M	0.6%	$38.78	—	COM	449253103
IMKTA	Ingles Markets, Incorporated C	966,667	$30.09M	0.6%	$30.56	-10.8%	COM	457030104
—	Cubic Corporation	464,547	$29.95M	0.6%	$50.54	—	COM	229669106
—	Thomson Reuters Corporation	458,351	$29.55M	0.6%	$48.31	—	COM	884903709
EMR	Emerson Electric Co.	439,166	$29.3M	0.6%	$41.70	+37.8%	COM	291011104
—	WageWorks, Inc.	575,383	$29.22M	0.6%	$34.03	—	COM	930427109
—	MSG Networks Inc. Class A	1,363,437	$28.28M	0.5%	$21.57	—	COM	553573106
—	Liberty Media Corp. Series C L	734,930	$27.91M	0.5%	$38.29	—	COM	531229607
VLO	Valero Energy Corporation	323,461	$27.69M	0.5%	$51.35	+22.7%	COM	91913Y100
—	Avaya Holdings Corp.	2,287,648	$27.25M	0.5%	$20.07	—	COM	05351X101
REZI	Resideo Technologies, Inc.	1,191,222	$26.11M	0.5%	$21.13	0.0%	COM	76118Y104
SBRA	Sabra Health Care REIT, Inc.	1,258,198	$24.77M	0.5%	$24.11	—	COM	78573L106
—	Meredith Corporation	448,449	$24.69M	0.5%	$53.80	—	COM	589433101
—	Colfax Corporation	855,730	$23.99M	0.5%	$22.88	—	COM	194014106
—	Nielsen Holdings Plc	1,058,480	$23.92M	0.5%	$35.86	—	COM	G6518L108
AGX	Argan, Inc.	586,112	$23.77M	0.5%	$34.03	+14.6%	COM	04010E109
INTC	Intel Corporation	481,700	$23.06M	0.4%	$18.10	+138.0%	COM	458140100
PBF	PBF Energy, Inc. Class A	730,144	$22.85M	0.4%	$30.46	-2.0%	COM	69318G106
TBRG	Computer Programs and Systems,	803,805	$22.34M	0.4%	$25.38	+7.8%	COM	205306103
—	Oaktree Specialty Lending Corp	3,983,056	$21.59M	0.4%	$4.88	—	COM	67401P108
CNDT	Conduent, Inc.	2,141,617	$20.54M	0.4%	$16.10	-32.8%	COM	206787103
ATKR	Atkore International Group Inc	785,182	$20.31M	0.4%	$23.56	0.0%	COM	047649108
ARMK	Aramark	552,209	$19.91M	0.4%	$21.13	+1.8%	COM	03852U106
OPLN	KAR Auction Services, Inc.	789,213	$19.73M	0.4%	$16.35	+31.8%	COM	48238T109
WSBC	WesBanco, Inc.	502,473	$19.37M	0.4%	$35.25	+9.2%	COM	950810101
SNBR	Sleep Number Corporation	467,430	$18.88M	0.4%	$38.64	0.0%	COM	83125X103
SBUX	Starbucks Corporation	219,037	$18.36M	0.4%	$47.73	+42.3%	COM	855244109
—	Forward Air Corporation	304,066	$17.99M	0.3%	$42.66	—	COM	349853101
MPAA	Motorcar Parts of America, Inc	825,077	$17.66M	0.3%	$30.18	-35.8%	COM	620071100
—	Cedar Fair, L.P.	361,377	$17.23M	0.3%	$58.09	—	COM	150185106
—	Vonage Holdings Corp.	1,373,816	$15.56M	0.3%	$11.33	—	COM	92886T201
RGP	Resources Connection, Inc.	950,209	$15.21M	0.3%	$16.02	-0.5%	COM	76122Q105
—	Kansas City Southern	123,731	$15.07M	0.3%	$93.10	—	COM	485170302
ITRN	Ituran Location and Control Lt	461,108	$13.88M	0.3%	$24.12	+39.7%	COM	M6158M104
—	GrafTech International Ltd.	1,194,397	$13.74M	0.3%	$11.50	—	COM	384313508
—	PICO Holdings, Inc.	1,046,431	$12.16M	0.2%	$18.50	—	COM	693366205
—	J. Alexander's Holdings, Inc.	1,062,194	$11.93M	0.2%	$10.48	—	COM	46609J106
—	Health Insurance Innovations,	458,642	$11.89M	0.2%	$26.70	—	COM	42225K106
VRRM	Verra Mobility Corp. Class A	848,434	$11.11M	0.2%	$10.89	+22.4%	COM	92511U102
—	Patterson Companies, Inc.	477,693	$10.94M	0.2%	$22.44	—	COM	703395103
BBSI	Barrett Business Services, Inc	117,303	$9.689M	0.2%	$13.12	+34.5%	COM	068463108
—	American National Insurance Co	76,968	$8.964M	0.2%	$100.77	—	COM	028591105
FCNCA	First Citizens BancShares, Inc	19,898	$8.959M	0.2%	$256.44	+66.8%	COM	31946M103
ACIW	ACI Worldwide, Inc.	256,347	$8.803M	0.2%	$24.36	+36.0%	COM	004498101
NMRK	Newmark Group, Inc. Class A	954,548	$8.572M	0.2%	$11.80	-34.8%	COM	65158N102
—	Anixter International Inc.	143,512	$8.569M	0.2%	$59.71	—	COM	035290105
—	AmeriGas Partners, L.P.	242,255	$8.44M	0.2%	$46.41	—	COM	030975106
SYBT	Stock Yards Bancorp, Inc.	233,382	$8.437M	0.2%	$32.57	+6.2%	COM	861025104
—	SP Plus Corporation	257,988	$8.238M	0.2%	$26.65	—	COM	78469C103
—	Entercom Communications Corp.	1,346,661	$7.811M	0.2%	$9.35	—	COM	293639100
—	Sykes Enterprises, Incorporate	274,813	$7.546M	0.1%	$29.30	—	COM	871237103
LILA	Liberty Latin America Ltd. Cla	425,281	$7.328M	0.1%	$19.58	-8.0%	COM	G9001E102
WBS	Webster Financial Corporation	141,291	$6.749M	0.1%	$49.82	0.0%	COM	947890109
PETS	PetMed Express, Inc.	401,324	$6.289M	0.1%	$26.69	-26.3%	COM	716382106
GNW	Genworth Financial, Inc. Class	1,501,572	$5.571M	0.1%	$3.11	+14.0%	COM	37247D106
EPM	Evolution Petroleum Corporatio	778,709	$5.568M	0.1%	$4.99	-15.5%	COM	30049A107
CWH	Camping World Holdings, Inc. C	429,764	$5.338M	0.1%	$9.30	-3.2%	COM	13462K109
KELYA	Kelly Services, Inc. Class A	185,851	$4.867M	0.1%	$14.92	+46.7%	COM	488152208
NVRI	Harsco Corporation	176,442	$4.842M	0.1%	$24.43	0.0%	COM	415864107
ABG	Asbury Automotive Group, Inc.	56,929	$4.801M	0.1%	$61.63	+26.6%	COM	043436104
BFH	Alliance Data Systems Corporat	32,588	$4.567M	0.1%	$107.33	0.0%	COM	018581108
—	TechTarget, Inc.	209,669	$4.455M	0.1%	$12.21	—	COM	87874R100
AFIIQ	Armstrong Flooring, Inc.	388,315	$3.825M	0.1%	$18.60	-33.5%	COM	04238R106
AAP	Advance Auto Parts, Inc.	24,046	$3.706M	0.1%	$91.97	+55.5%	COM	00751Y106
BH/A	Biglari Holdings, Inc. Class A	6,212	$3.296M	0.1%	$989.83	-35.3%	COM	08986R408
CARS	Cars.com, Inc.	159,134	$3.138M	0.1%	$24.93	-14.2%	COM	14575E105
—	QEP Resources, Inc.	412,812	$2.985M	0.1%	$11.59	—	COM	74733V100
BH	Biglari Holdings Inc. Class B	23,575	$2.448M	0.0%	$226.63	-47.3%	COM	08986R309
—	Gran Tierra Energy Inc.	1,525,842	$2.426M	0.0%	$2.61	—	COM	38500T101
GOOG	Alphabet Inc. Class C	979	$1.058M	0.0%	$48.29	+18.6%	COM	02079K107
TAP	Molson Coors Brewing Company C	11,608	$650K	0.0%	$48.86	0.0%	COM	60871R209
—	Liberty Global Plc Class C	23,572	$625K	0.0%	$26.61	—	COM	G5480U120
ABEV	Ambev SA Sponsored ADR	121,166	$566K	0.0%	$4.67	—	COM	02319V103
—	Brookfield Property Partners L	29,758	$563K	0.0%	$20.25	—	COM	G16249107
FDX	FedEx Corporation	3,344	$549K	0.0%	$155.84	-0.6%	COM	31428X106
SEB	Seaboard Corporation	109	$451K	0.0%	$4215.75	0.0%	COM	811543107
DIS	Walt Disney Company	2,722	$380K	0.0%	$107.88	+18.7%	COM	254687106
BX	Blackstone Group Inc.	8,068	$358K	0.0%	$31.77	0.0%	COM	09260D107
—	Texas Pacific Land Trust	447	$352K	0.0%	$787.47	—	COM	882610108
—	L Brands, Inc.	13,423	$350K	0.0%	$27.56	—	COM	501797104
—	General Electric Company	33,285	$349K	0.0%	$8.68	—	COM	369604103
TIGO	Millicom International Cellula	6,210	$347K	0.0%	$57.22	0.0%	COM	L6388F110
ALEX	Alexander & Baldwin, Inc.	14,774	$341K	0.0%	$32.02	—	COM	014491104
OXY	Occidental Petroleum Corporati	6,211	$312K	0.0%	$59.86	-18.4%	COM	674599105
—	Ingersoll-Rand Plc	2,419	$306K	0.0%	$88.57	—	COM	G47791101
DEO	Diageo plc Sponsored ADR	1,502	$259K	0.0%	$125.37	—	COM	25243Q205
SAP	SAP SE Sponsored ADR	1,700	$233K	0.0%	$115.35	—	COM	803054204
NVS	Novartis AG Sponsored ADR	2,437	$223K	0.0%	$96.12	—	COM	66987V109
MLCO	Melco Resorts and Entertainmen	9,220	$200K	0.0%	$21.69	—	COM	585464100
SMFG	Sumitomo Mitsui Financial Grou	16,687	$118K	0.0%	$7.93	—	COM	86562M209