Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORPORATION	21,784,700	$838M	6.7%	$30.49	+12.0%	COM	68389X105
AIG	AMERICAN INTL GROUP INC	10,905,410	$712M	5.7%	$37.60	+32.5%	COM	026874784
—	UNITED TECHNOLOGIES CORP	6,320,626	$693M	5.5%	$98.59	—	COM	913017109
C	CITIGROUP INC	11,203,455	$666M	5.3%	$35.87	+13.3%	COM	172967424
—	AON PLC	5,435,140	$606M	4.8%	$68.25	—	COM	G0408V102
BAC	BANK OF AMERICA CORP	27,239,510	$602M	4.8%	$11.85	+32.3%	COM	060505104
—	CIT GROUP INC.	13,642,498	$582M	4.6%	$36.62	—	COM	125581801
MSFT	MICROSOFT CORP	8,540,650	$531M	4.2%	$29.75	+81.3%	COM	594918104
—	LEUCADIA NATIONAL CORP	21,739,887	$505M	4.0%	$18.67	—	COM	527288104
CSCO	CISCO SYSTEMS INC	15,269,920	$461M	3.7%	$16.90	+36.4%	COM	17275R102
—	TE CONNECTIVITY LTD	6,276,860	$435M	3.5%	$58.86	—	COM	H84989104
AXP	AMERICAN EXPRESS COMPANY	5,751,094	$426M	3.4%	$57.41	+6.2%	COM	025816109
—	ARCONIC INC	20,525,546	$381M	3.0%	$18.54	—	COM	03965L100
ADI	ANALOG DEVICES INC	4,774,970	$347M	2.8%	$36.79	+55.3%	COM	032654105
—	ESTERLINE TECHNOLOGIES CORP	3,649,114	$326M	2.6%	$71.05	—	COM	297425100
BIDU	BAIDU INC SPON ADR REP A	1,751,000	$288M	2.3%	$170.67	—	ADR	056752108
—	YAHOO INC	7,263,460	$281M	2.2%	$41.35	—	COM	984332106
—	GENERAL ELECTRIC COMPANY	8,182,110	$259M	2.1%	$25.21	—	COM	369604103
GOOG	ALPHABET INC. CL C	293,897	$227M	1.8%	$35.65	+8.5%	COM	02079K107
GOOGL	ALPHABET INC. CL A	280,721	$222M	1.8%	$36.70	+8.1%	COM	02079K305
ALLY	ALLY FINANCIAL INC	10,844,420	$206M	1.6%	$13.19	+12.3%	COM	02005N100
TMO	THERMO FISHER SCIENTIFIC INC	1,460,100	$206M	1.6%	$84.46	+70.2%	COM	883556102
—	NEXEO SOLUTIONS INC	20,380,574	$190M	1.5%	$8.98	—	COM	65342H102
AA	ALCOA CORP NEW	6,514,702	$183M	1.5%	$25.90	0.0%	COM	013872106
—	OWENS ILLINOIS INC	9,794,580	$171M	1.4%	$25.51	—	COM	690768403
LPLA	LPL FINL HLDGS INC	4,586,490	$161M	1.3%	$41.95	-16.7%	COM	50212V100
QCOM	QUALCOMM INC	2,330,270	$152M	1.2%	$44.06	+18.6%	COM	747525103
—	LEGG MASON INC	4,032,260	$121M	1.0%	$37.65	—	COM	524901105
—	MYLAN NV	3,085,731	$118M	0.9%	$38.15	—	COM	N59465109
WDC	WESTERN DIGITAL CORP.	1,720,010	$117M	0.9%	$35.44	+15.3%	COM	958102105
PRGO	PERRIGO CO PLC	1,297,550	$108M	0.9%	$86.74	0.0%	COM	G97822103
—	ALLEGHANY CORPORATION	168,185	$102M	0.8%	$386.68	—	COM	017175100
—	ARRIS GROUP INC	3,145,682	$94.78M	0.8%	$22.92	—	COM	G0551A103
AVT	AVNET INC	1,760,140	$83.8M	0.7%	$28.70	+25.7%	COM	053807103
—	AARON'S INC	2,413,329	$77.2M	0.6%	$26.19	—	COM	002535300
—	BABCOCK & WILCOX ENTERPRISES I	3,952,609	$65.57M	0.5%	$16.68	—	COM	05614L100
—	NOBLE ENERGY INC	1,715,931	$65.31M	0.5%	$30.23	—	COM	655044105
DAN	DANA INC	3,191,334	$60.57M	0.5%	$15.07	-8.2%	COM	235825205
OXY	OCCIDENTAL PETROLEUM CORP	786,590	$56.03M	0.4%	$58.19	-5.5%	COM	674599105
—	DEVRY EDUCATION GROUP INC.	1,649,619	$51.47M	0.4%	$30.68	—	COM	251893103
—	CIMAREX ENERGY CO	358,614	$48.74M	0.4%	$96.60	—	COM	171798101
PTEN	PATTERSON-UTI ENERGY INC	1,670,853	$44.98M	0.4%	$15.81	+56.2%	COM	703481101
VECO	VEECO INSTRUMENTS INC	1,531,780	$44.65M	0.4%	$27.49	-9.0%	COM	922417100
IDCC	INTERDIGITAL INC	482,879	$44.11M	0.4%	$42.12	+90.4%	COM	45867G101
ARW	ARROW ELECTRONICS INC.	524,523	$37.4M	0.3%	$40.35	+63.9%	COM	042735100
AGCO	AGCO CORPORATION	594,891	$34.42M	0.3%	$39.34	+11.0%	COM	001084102
—	ROWAN COMPANIES PLC	1,724,488	$32.58M	0.3%	$29.98	—	COM	G7665A101
—	HOUGHTON MIFFLIN HARCOURT CO	2,972,377	$32.25M	0.3%	$16.61	—	COM	44157R109
HP	HELMERICH & PAYNE INC	405,009	$31.35M	0.2%	$63.94	+11.1%	COM	423452101
—	KLX INC	594,620	$26.82M	0.2%	$31.37	—	COM	482539103
—	CUBIC CORP	553,408	$26.54M	0.2%	$47.16	—	COM	229669106
—	AMERICAN INTL GROUP WT	1,117,716	$26.22M	0.2%	$19.91	—	WT	026874156
—	FOREST CITY REALTY TRUST-A	1,144,060	$23.84M	0.2%	$21.01	—	COM	345605109
—	WALTER INVESTMENT MGMT	31,283,000	$21.59M	0.2%	$0.76	—	CV	93317WAA0
—	58 COM INC	715,110	$20.02M	0.2%	$28.00	—	ADR	31680Q104
—	VISTA OUTDOOR INC	541,292	$19.97M	0.2%	$37.99	—	COM	928377100
SM	SM ENERGY COMPANY	568,673	$19.61M	0.2%	$38.65	-16.4%	COM	78454L100
OSK	OSHKOSH CORP	242,890	$15.69M	0.1%	$32.16	+67.0%	COM	688239201
COR	AMERISOURCEBERGEN CORP	172,600	$13.5M	0.1%	$63.24	-7.1%	COM	03073E105
CMA	COMERICA INC	188,830	$12.86M	0.1%	$24.46	+65.1%	COM	200340107
CVS	CVS HEALTH CORPORATION	161,800	$12.77M	0.1%	$49.94	+22.2%	COM	126650100
RUSHA	RUSH ENTERPRISES INC CL A	379,613	$12.11M	0.1%	$9.15	+35.2%	COM	781846209
—	REGIS CORP	731,831	$10.63M	0.1%	$14.37	—	COM	758932107
—	FLUIDIGM CORP	15,000,000	$10.52M	0.1%	$0.70	—	CV	34385PAA6
—	FOOT LOCKER INC	146,740	$10.4M	0.1%	$36.12	—	COM	344849104
—	HIBBETT SPORTS INC	250,840	$9.356M	0.1%	$34.91	—	COM	428567101
SIG	SIGNET JEWELERS LIMITED	92,790	$8.746M	0.1%	$80.54	-9.9%	COM	G81276100
—	APOLLO EDUCATION GRP CL A	840,714	$8.323M	0.1%	$14.13	—	COM	037604105
MCK	MCKESSON CORP	57,200	$8.034M	0.1%	$171.94	-20.4%	COM	58155Q103
SGI	TEMPUR SEALY INTERNATIONAL	117,300	$8.009M	0.1%	$14.85	+0.6%	COM	88023U101
CAH	CARDINAL HEALTH INC.	98,560	$7.093M	0.1%	$62.54	-11.6%	COM	14149Y108
—	TIME WARNER INC	67,380	$6.504M	0.1%	$68.96	—	COM	887317303
—	TWENTY FIRST CENTY FOX INC CL	229,500	$6.435M	0.1%	$26.98	—	COM	90130A101
—	CBS CORP CL B NON VOTING	97,440	$6.199M	0.0%	$42.47	—	COM	124857202
MSGS	MADISON SQUARE GARDEN CO CL A	32,950	$5.651M	0.0%	$118.49	+2.5%	COM	55825T103
ELV	ANTHEM INC	37,700	$5.42M	0.0%	$119.02	-0.4%	COM	036752103
WHR	WHIRLPOOL CORP.	27,625	$5.021M	0.0%	$155.68	+6.4%	COM	963320106
—	JOY GLOBAL INC	165,900	$4.645M	0.0%	$53.28	—	COM	481165108
—	HORNBECK OFFSHORE SVCS INC	6,491,000	$4.584M	0.0%	$0.58	—	CV	440543AN6
DG	DOLLAR GENERAL CORP	61,000	$4.518M	0.0%	$64.89	0.0%	COM	256677105
—	TWENTY FIRST CENTY FOX INC CL	150,000	$4.087M	0.0%	$27.11	—	COM	90130A200
RHI	ROBERT HALF INTL INC	73,500	$3.585M	0.0%	$40.87	+4.8%	COM	770323103
—	ALLERGAN PLC	16,500	$3.465M	0.0%	$210.00	—	COM	G0177J108
—	AKORN INC	136,990	$2.99M	0.0%	$21.83	—	COM	009728106
—	LABORATORY CORP AMER HLDGS	20,400	$2.619M	0.0%	$92.94	—	COM	50540R409
DAL	DELTA AIR LINES INC	52,500	$2.582M	0.0%	$39.00	+4.9%	COM	247361702
MD	MEDNAX INC	36,570	$2.438M	0.0%	$67.21	-3.2%	COM	58502B106
DIS	DISNEY WALT CO /THE	22,763	$2.372M	0.0%	$90.71	0.0%	COM	254687106
—	UTI WORLDWIDE INC	2,035,000	$2.096M	0.0%	$0.80	—	CV	90349LAB0
LUV	SOUTHWEST AIRLINES CO	41,850	$2.086M	0.0%	$36.21	+10.9%	COM	844741108
—	PATTERSON COMPANIES INC	45,000	$1.846M	0.0%	$41.02	—	COM	703395103
AMCX	AMC NETWORKS INC - A	35,200	$1.842M	0.0%	$51.90	0.0%	COM	00164V103
AAPL	APPLE INC	15,600	$1.807M	0.0%	$26.09	0.0%	COM	037833100
OMC	OMNICOM GROUP INC	20,500	$1.745M	0.0%	$59.65	+2.2%	COM	681919106
—	PRICELINE GRP INC	1,000	$1.466M	0.0%	$1469.00	—	COM	741503403
—	RITE AID CORP	169,000	$1.393M	0.0%	$8.24	—	COM	767754104
HCA	HCA HOLDINGS INC	16,500	$1.221M	0.0%	$69.62	0.0%	COM	40412C101
—	DISCOVERY COMMUNICATIONS SER C	44,500	$1.192M	0.0%	$26.79	—	COM	25470F302
TSM	TAIWAN SEMICONDUCTOR MFG	35,820	$1.03M	0.0%	$18.83	—	ADR	874039100
—	SPX CORP	39,970	$948K	0.0%	$11.04	—	COM	784635104
BAC	BANK OF AMERICA CORP	37,600	$831K	0.0%	$11.85	+32.3%	Call	060505104
PARR	PAR PACIFIC HOLDINGS INC.	38,479	$559K	0.0%	$15.89	-10.2%	COM	69888T207
—	FEDERAL HOME LN MTG CORP W 5.6	44,052	$264K	0.0%	$2.87	—	PFD	313400665
—	FEDERAL HOME LN MTG CORP V 5.5	31,047	$183K	0.0%	$2.86	—	PFD	313400673
—	FEDERAL HOME LN MTG CORP PFD6.	26,000	$174K	0.0%	$2.38	—	PFD	313400640
—	FEDERAL HOME LN MTG H 5.10	13,725	$161K	0.0%	$4.97	—	PFD	313400855
C	CITIGROUP INC	2,000	$118K	0.0%	$35.87	+13.3%	Call	172967424
—	FEDERAL HOME LN MTG CORP PFD 5	9,580	$113K	0.0%	$4.59	—	PFD	313400731
—	FEDERAL HOME LN MTG CORP PFD	6,023	$72,000	0.0%	$4.48	—	PFD	313400863
—	NEXEO SOLUTIONS INC WT	89,388	$63,000	0.0%	$0.69	—	WT	65342H110
—	FORESIGHT ENERGY LLC WT EXP 10	16,260	$0	0.0%	—	—	WT	345525117