Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNNE	Cannae Holdings, Inc.	4,557,671	$153M	3.4%	$22.88	+54.2%	COM	13765N107
—	Premier Inc. Class A	4,408,958	$144M	3.2%	$35.66	—	COM	74051N102
—	Hostess Brands, Inc. Class A	11,775,079	$126M	2.8%	$14.18	—	COM	44109J106
CMCSA	Comcast Corporation Class A	3,323,849	$114M	2.6%	$31.90	+13.0%	COM	20030N101
—	GCI Liberty, Inc. Class A	1,962,715	$112M	2.5%	$55.73	—	COM	36164V305
UNF	UniFirst Corporation	686,338	$104M	2.3%	$155.07	+17.0%	COM	904708104
—	Air Transport Services Group,	5,520,769	$101M	2.3%	$20.34	—	COM	00922R105
LBRDK	Liberty Broadband Corp. Class	841,359	$93.16M	2.1%	$80.26	+45.2%	COM	530307305
BRK/B	Berkshire Hathaway Inc. Class	497,133	$90.89M	2.0%	$196.25	+8.3%	COM	084670702
KMI	Kinder Morgan Inc Class P	6,163,944	$85.8M	1.9%	$12.18	+9.7%	COM	49456B101
—	GrafTech International Ltd.	9,479,245	$76.97M	1.7%	$9.52	—	COM	384313508
AES	AES Corporation	5,640,761	$76.71M	1.7%	$13.30	+8.9%	COM	00130H105
—	Cubic Corporation	1,820,622	$75.21M	1.7%	$53.06	—	COM	229669106
—	Discovery, Inc. Class C	4,211,099	$73.86M	1.7%	$26.09	—	COM	25470F302
WTM	White Mountains Insurance Grou	77,280	$70.33M	1.6%	$754.47	+37.2%	COM	G9618E107
BJ	BJ's Wholesale Club Holdings,	2,674,051	$68.11M	1.5%	$24.70	-9.0%	COM	05550J101
LKQ	LKQ Corporation	3,242,887	$66.51M	1.5%	$24.93	+6.8%	COM	501889208
VYX	NCR Corporation	3,750,064	$66.38M	1.5%	$17.94	-4.3%	COM	62886E108
VZ	Verizon Communications Inc.	1,136,423	$61.06M	1.4%	$30.20	+35.8%	COM	92343V104
BMY	Bristol-Myers Squibb Company	1,063,905	$59.3M	1.3%	$39.26	+23.7%	COM	110122108
AXS	Axis Capital Holdings Limited	1,497,792	$57.89M	1.3%	$46.83	+0.8%	COM	G0692U109
KMB	Kimberly-Clark Corporation	447,686	$57.25M	1.3%	$81.19	+38.1%	COM	494368103
AAP	Advance Auto Parts, Inc.	591,757	$55.22M	1.2%	$114.47	-0.2%	COM	00751Y106
D	Dominion Energy Inc	750,967	$54.21M	1.2%	$56.16	+12.4%	COM	25746U109
PGR	Progressive Corporation	714,914	$52.79M	1.2%	$59.30	+10.2%	COM	743315103
UNH	UnitedHealth Group Incorporate	207,529	$51.75M	1.2%	$220.71	+13.1%	COM	91324P102
TGT	Target Corporation	531,553	$49.42M	1.1%	$49.50	+91.9%	COM	87612E106
AGX	Argan, Inc.	1,392,673	$48.15M	1.1%	$33.59	+4.6%	COM	04010E109
—	Walgreens Boots Alliance Inc	1,044,603	$47.79M	1.1%	$59.07	—	COM	931427108
CSCO	Cisco Systems, Inc.	1,185,948	$46.62M	1.0%	$30.71	+19.4%	COM	17275R102
GLW	Corning Inc	2,239,092	$45.99M	1.0%	$15.46	+42.9%	COM	219350105
—	Unilever PLC Sponsored ADR	908,273	$45.93M	1.0%	$44.25	—	COM	904767704
—	Extended Stay America, Inc.	6,030,473	$44.08M	1.0%	$17.45	—	COM	30224P200
UPS	United Parcel Service, Inc. Cl	457,392	$42.73M	1.0%	$65.40	+25.2%	COM	911312106
USB	U.S. Bancorp	1,231,550	$42.43M	0.9%	$27.37	+36.0%	COM	902973304
TFC	Truist Financial Corporation	1,346,360	$41.52M	0.9%	$40.89	-12.0%	COM	89832Q109
—	Brookfield Asset Management In	919,497	$40.69M	0.9%	$44.68	—	COM	112585104
AMGN	Amgen Inc.	200,039	$40.55M	0.9%	$116.17	+56.9%	COM	031162100
MCK	McKesson Corporation	297,885	$40.29M	0.9%	$126.00	+11.8%	COM	58155Q103
FNF	Fidelity National Financial, I	1,580,087	$39.31M	0.9%	$28.66	+4.6%	COM	31620R303
PFE	Pfizer Inc.	1,163,794	$37.99M	0.8%	$26.50	-2.6%	COM	717081103
GOOG	Alphabet Inc. Class C	32,557	$37.86M	0.8%	$66.53	+1.2%	COM	02079K107
FIX	Comfort Systems USA, Inc.	1,024,699	$37.45M	0.8%	$42.77	+0.2%	COM	199908104
PEP	PepsiCo, Inc.	308,697	$37.08M	0.8%	$64.51	+74.8%	COM	713448108
IRM	Iron Mountain, Inc.	1,533,784	$36.5M	0.8%	$19.61	+15.1%	COM	46284V101
LILAK	Liberty Latin America Ltd. Cla	3,498,852	$35.9M	0.8%	$18.54	-20.1%	COM	G9001E128
CB	Chubb Limited	317,941	$35.51M	0.8%	$130.40	0.0%	COM	H1467J104
ABBV	AbbVie, Inc.	441,700	$33.65M	0.8%	$52.58	+27.8%	COM	00287Y109
—	Liberty Media Corp. Series C L	1,049,023	$33.17M	0.7%	$38.57	—	COM	531229607
AWI	Armstrong World Industries, In	412,764	$32.78M	0.7%	$52.66	+72.3%	COM	04247X102
YELP	Yelp Inc	1,779,952	$32.09M	0.7%	$33.36	-8.9%	COM	985817105
—	Avaya Holdings Corp.	3,964,866	$32.08M	0.7%	$16.86	—	COM	05351X101
—	CDK Global Inc	968,097	$31.8M	0.7%	$49.60	—	COM	12508E101
IMKTA	Ingles Markets, Incorporated C	874,459	$31.62M	0.7%	$30.56	+21.8%	COM	457030104
NSP	Insperity, Inc.	820,647	$30.61M	0.7%	$60.03	0.0%	COM	45778Q107
PNC	PNC Financial Services Group,	314,022	$30.06M	0.7%	$69.57	+55.7%	COM	693475105
MMM	3M Company	211,816	$28.91M	0.6%	$106.01	-0.1%	COM	88579Y101
MUSA	Murphy USA, Inc.	338,447	$28.55M	0.6%	$67.10	+50.3%	COM	626755102
DIS	Walt Disney Company	293,880	$28.39M	0.6%	$124.44	-0.7%	COM	254687106
QCOM	QUALCOMM Incorporated	409,065	$27.67M	0.6%	$50.84	+41.5%	COM	747525103
NVT	nVent Electric plc	1,618,646	$27.31M	0.6%	$20.06	+3.7%	COM	G6700G107
OMC	Omnicom Group Inc	495,437	$27.2M	0.6%	$52.02	+9.9%	COM	681919106
FAST	Fastenal Company	855,655	$26.74M	0.6%	$9.67	+56.7%	COM	311900104
—	Interpublic Group of Companies	1,631,798	$26.42M	0.6%	$16.72	-0.0%	COM	460690100
ORCL	Oracle Corporation	535,919	$25.9M	0.6%	$47.50	0.0%	COM	68389X105
MSM	MSC Industrial Direct Co., Inc	466,429	$25.64M	0.6%	$81.43	-19.1%	COM	553530106
—	Atlantica Yield plc	1,123,478	$25.05M	0.6%	$26.39	—	COM	G0751N103
—	Vonage Holdings Corp.	3,405,107	$24.62M	0.6%	$8.85	—	COM	92886T201
TBRG	Computer Programs and Systems,	1,082,193	$24.08M	0.5%	$25.18	+1.0%	COM	205306103
WMB	Williams Companies, Inc.	1,660,590	$23.5M	0.5%	$19.01	-26.4%	COM	969457100
VTR	Ventas, Inc.	870,724	$23.34M	0.5%	$44.00	-10.4%	COM	92276F100
PRSU	Viad Corp	1,077,655	$22.88M	0.5%	$54.74	-6.2%	COM	92552R406
WKC	World Fuel Services Corporatio	903,048	$22.74M	0.5%	$31.57	+8.0%	COM	981475106
ACIW	ACI Worldwide, Inc.	933,322	$22.54M	0.5%	$31.91	0.0%	COM	004498101
LYB	LyondellBasell Industries NV	432,488	$21.46M	0.5%	$51.98	-4.5%	COM	N53745100
ITW	Illinois Tool Works Inc.	147,958	$21.03M	0.5%	$110.50	+33.6%	COM	452308109
—	HollyFrontier Corporation	831,434	$20.38M	0.5%	$24.51	—	COM	436106108
—	Core-Mark Holding Company, Inc	709,857	$20.28M	0.5%	$27.23	—	COM	218681104
EPD	Enterprise Products Partners L	1,404,401	$20.08M	0.4%	$26.81	—	COM	293792107
—	Oaktree Specialty Lending Corp	6,017,989	$19.5M	0.4%	$4.89	—	COM	67401P108
—	Colfax Corporation	973,959	$19.28M	0.4%	$26.14	—	COM	194014106
—	Nielsen Holdings Plc	1,509,317	$18.93M	0.4%	$28.86	—	COM	G6518L108
CNA	CNA Financial Corporation	592,901	$18.4M	0.4%	$21.42	+29.3%	COM	126117100
ATI	Allegheny Technologies Incorpo	2,085,035	$17.72M	0.4%	$18.47	-13.5%	COM	01741R102
SXT	Sensient Technologies Corporat	385,284	$16.76M	0.4%	$55.09	0.0%	COM	81725T100
WFC	Wells Fargo & Company	570,725	$16.38M	0.4%	$39.85	-8.1%	COM	949746101
—	Magellan Midstream Partners, L	434,533	$15.86M	0.4%	$67.81	—	COM	559080106
MPC	Marathon Petroleum Corporation	638,425	$15.08M	0.3%	$40.76	-5.9%	COM	56585A102
—	US Ecology, Inc.	488,384	$14.85M	0.3%	$30.40	—	COM	91734M103
DGX	Quest Diagnostics Incorporated	182,796	$14.68M	0.3%	$92.18	0.0%	COM	74834L100
EXPE	Expedia Group, Inc.	250,863	$14.12M	0.3%	$120.15	-21.0%	COM	30212P303
—	Forward Air Corporation	278,557	$14.11M	0.3%	$44.24	—	COM	349853101
NVRI	Harsco Corporation	2,007,158	$13.99M	0.3%	$21.36	-36.1%	COM	415864107
TPICQ	TPI Composites, Inc.	937,579	$13.86M	0.3%	$19.40	+1.5%	COM	87266J104
ACA	Arcosa Inc	326,985	$12.99M	0.3%	$37.52	+10.5%	COM	039653100
MDT	Medtronic PLC	139,985	$12.62M	0.3%	$90.18	0.0%	COM	G5960L103
VLO	Valero Energy Corporation	277,076	$12.57M	0.3%	$51.35	+11.4%	COM	91913Y100
—	Lazard Ltd Class A	515,396	$12.14M	0.3%	$36.91	—	COM	G54050102
ITRN	Ituran Location and Control Lt	813,571	$11.56M	0.3%	$24.04	-8.5%	COM	M6158M104
RHP	Ryman Hospitality Properties,	320,061	$11.47M	0.3%	$63.22	—	COM	78377T107
SABR	Sabre Corp.	1,821,681	$10.8M	0.2%	$22.49	-25.6%	COM	78573M104
LILA	Liberty Latin America Ltd. Cla	1,022,520	$10.76M	0.2%	$17.74	-16.6%	COM	G9001E102
—	Six Flags Entertainment Corpor	850,853	$10.67M	0.2%	$46.79	—	COM	83001A102
RPM	RPM International Inc.	171,375	$10.2M	0.2%	$50.15	+37.3%	COM	749685103
ATKR	Atkore International Group Inc	481,712	$10.15M	0.2%	$27.23	+26.9%	COM	047649108
WSBC	WesBanco, Inc.	425,757	$10.09M	0.2%	$35.25	-11.5%	COM	950810101
TNET	TriNet Group, Inc.	267,596	$10.08M	0.2%	$50.75	0.0%	COM	896288107
HD	Home Depot, Inc.	49,920	$9.321M	0.2%	$190.13	0.0%	COM	437076102
REZI	Resideo Technologies, Inc.	1,915,064	$9.269M	0.2%	$18.42	-48.8%	COM	76118Y104
TJX	TJX Companies Inc	186,531	$8.918M	0.2%	$53.34	0.0%	COM	872540109
CSGS	CSG Systems International, Inc	212,028	$8.873M	0.2%	$41.97	0.0%	COM	126349109
DXC	DXC Technology Co.	643,058	$8.392M	0.2%	$27.89	-6.9%	COM	23355L106
—	SP Plus Corporation	400,424	$8.309M	0.2%	$24.40	—	COM	78469C103
PKE	Park Aerospace Corp.	655,176	$8.255M	0.2%	$14.69	0.0%	COM	70014A104
RGP	Resources Connection, Inc.	744,763	$8.17M	0.2%	$15.93	-14.7%	COM	76122Q105
GPC	Genuine Parts Company	117,015	$7.879M	0.2%	$75.18	0.0%	COM	372460105
EVTC	EVERTEC, Inc.	328,080	$7.457M	0.2%	$29.70	0.0%	COM	30040P103
—	Cedar Fair, L.P.	399,639	$7.329M	0.2%	$57.46	—	COM	150185106
PBF	PBF Energy, Inc. Class A	1,025,086	$7.258M	0.2%	$29.89	-24.9%	COM	69318G106
MPAA	Motorcar Parts of America, Inc	572,530	$7.202M	0.2%	$28.83	-36.5%	COM	620071100
—	FGL Holdings Class A	716,410	$7.021M	0.2%	$8.75	—	COM	G3402M102
CNK	Cinemark Holdings, Inc.	666,014	$6.787M	0.2%	$30.06	-16.7%	COM	17243V102
FCNCA	First Citizens BancShares, Inc	19,231	$6.401M	0.1%	$263.84	+72.1%	COM	31946M103
NMRK	Newmark Group, Inc. Class A	1,423,845	$6.051M	0.1%	$11.12	-17.2%	COM	65158N102
TRS	Trimas Corporation	259,007	$5.983M	0.1%	$27.45	0.0%	COM	896215209
SYBT	Stock Yards Bancorp, Inc.	201,939	$5.842M	0.1%	$32.57	+10.7%	COM	861025104
CBRL	Cracker Barrel Old Country Sto	68,861	$5.731M	0.1%	$109.62	0.0%	COM	22410J106
—	PICO Holdings, Inc.	683,600	$5.318M	0.1%	$17.57	—	COM	693366205
BBSI	Barrett Business Services, Inc	134,080	$5.315M	0.1%	$13.56	+18.8%	COM	068463108
WBS	Webster Financial Corporation	218,751	$5.009M	0.1%	$48.34	-15.9%	COM	947890109
MMI	Marcus & Millichap, Inc.	184,326	$4.995M	0.1%	$31.13	0.0%	COM	566324109
—	MSG Networks Inc. Class A	445,418	$4.543M	0.1%	$19.96	—	COM	553573106
EPM	Evolution Petroleum Corporatio	1,357,889	$3.544M	0.1%	$4.41	-32.5%	COM	30049A107
VRRM	Verra Mobility Corp. Class A	480,103	$3.428M	0.1%	$12.07	+10.3%	COM	92511U102
—	J. Alexander's Holdings, Inc.	832,955	$3.19M	0.1%	$10.14	—	COM	46609J106
SBUX	Starbucks Corporation	44,000	$2.893M	0.1%	$71.00	0.0%	COM	855244109
MOD	Modine Manufacturing Company	713,732	$2.32M	0.1%	$11.30	-41.2%	COM	607828100
DLTR	Dollar Tree, Inc.	30,232	$2.221M	0.0%	$104.85	-18.8%	COM	256746108
BKNG	Booking Holdings Inc.	1,378	$1.854M	0.0%	$1726.46	0.0%	COM	09857L108
MSGS	Madison Square Garden Co. Clas	8,254	$1.745M	0.0%	$193.90	0.0%	COM	55825T103
—	Liberty TripAdvisor Holdings I	905,562	$1.63M	0.0%	$8.51	—	COM	531465102
—	Raytheon Company	12,178	$1.597M	0.0%	$131.14	—	COM	755111507
AXP	American Express Company	16,923	$1.449M	0.0%	$107.60	0.0%	COM	025816109
BH/A	Biglari Holdings, Inc. Class A	4,181	$1.242M	0.0%	$989.83	-44.2%	COM	08986R408
ATR	AptarGroup, Inc.	5,670	$564K	0.0%	$100.43	0.0%	COM	038336103
CRVL	CorVel Corporation	10,066	$549K	0.0%	$25.99	0.0%	COM	221006109
WSO	Watsco, Inc.	3,215	$508K	0.0%	$168.85	0.0%	COM	942622200
BX	Blackstone Group Inc. Class A	10,989	$501K	0.0%	$45.26	0.0%	COM	09260D107
TSCO	Tractor Supply Company	5,304	$448K	0.0%	$16.36	0.0%	COM	892356106
WRB	W. R. Berkley Corporation	8,242	$430K	0.0%	$26.24	0.0%	COM	084423102
—	Sandstorm Gold Ltd.	81,427	$408K	0.0%	$5.01	—	COM	80013R206
MTN	Vail Resorts, Inc.	2,265	$335K	0.0%	$215.22	0.0%	COM	91879Q109
STZ	Constellation Brands, Inc. Cla	2,295	$329K	0.0%	$160.13	0.0%	COM	21036P108
RGLD	Royal Gold, Inc.	3,749	$329K	0.0%	$103.25	0.0%	COM	780287108
IWD	iShares Russell 1000 Value ETF	3,245	$322K	0.0%	$136.46	—	COM	464287598
SEB	Seaboard Corporation	110	$309K	0.0%	$4146.76	-14.1%	COM	811543107
CPRT	Copart, Inc.	3,637	$249K	0.0%	$22.25	0.0%	COM	217204106
NEE	NextEra Energy, Inc.	953	$229K	0.0%	$54.30	0.0%	COM	65339F101
—	America Movil SAB de CV Sponso	12,811	$151K	0.0%	$14.29	—	COM	02364W105