Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Dow Jones Industrial Average	36,900	$9.562B	3.6%	$174094.60	—	COM	78467x109
BA	Boeing	19,884	$7.584B	2.8%	$134.32	+179.3%	COM	097023105
OKE	ONEOK	76,475	$5.341B	2.0%	$21.15	+96.8%	COM	682680103
EFA	iShares MSCI EAFE Index Fund	80,229	$5.204B	1.9%	$64860.00	—	COM	464287465
WMB	Williams Companies	172,003	$4.94B	1.8%	$19.44	-6.1%	COM	969457100
—	UnitedHealth Group	19,325	$4.778B	1.8%	$108078.55	—	COM	91324p102
—	Magellan Midstream Partners	75,265	$4.563B	1.7%	$55080.50	—	COM	559080106
NGL	NGL Energy Partners	321,213	$4.507B	1.7%	$33032.01	—	COM	62913M107
—	Alliance Resource Partners	216,849	$4.415B	1.7%	$18872.00	—	COM	01877r108
—	Antero Midstream Corp	311,361	$4.291B	1.6%	$18226.40	—	COM	03673l103
—	EnLink Midstream	316,783	$4.048B	1.5%	$16297.33	—	COM	29336t100
—	3M	19,084	$3.965B	1.5%	$144322.86	—	COM	88579y101
AAPL	Apple	20,836	$3.958B	1.5%	$30.55	+32.4%	COM	037833100
MCD	McDonald's	20,084	$3.814B	1.4%	$87.65	+76.4%	COM	580135101
HD	Home Depot	19,759	$3.792B	1.4%	$80.77	+91.5%	COM	437076102
—	PDL Biopharma	3,245,000	$3.711B	1.4%	$951.67	—	CONV BOND	69329YAG9
—	Goldman Sachs	19,329	$3.711B	1.4%	$184998.08	—	COM	38141g104
—	QCR Holdings	101,576	$3.445B	1.3%	$16036.23	—	COM	74727a104
EPD	Enterprise Products Partners	115,249	$3.354B	1.3%	$32177.35	—	COM	293792107
—	SB Financial Group	178,745	$3.221B	1.2%	$9287.45	—	COM	78408d105
NMIH	NMI Holdings	122,250	$3.163B	1.2%	$8.84	+157.9%	COM	629209305
—	MPLX	95,010	$3.125B	1.2%	$38941.66	—	COM	55336v100
—	Chesapeake Energy	3,295,000	$3.053B	1.1%	$861.10	—	CONV BOND	165167CY1
—	Targa Resources Corp	73,074	$3.036B	1.1%	$45910.43	—	COM	87612g101
—	EQT Midstream Partners	65,065	$3.004B	1.1%	$52780.00	—	COM	26885b100
—	Visa	19,009	$2.969B	1.1%	$180366.52	—	COM	92826c839
JNJ	Johnson & Johnson	21,153	$2.957B	1.1%	$77.75	+41.9%	COM	478160104
CVX	Chevron Corporation	23,974	$2.953B	1.1%	$74.13	+18.0%	COM	166764100
—	Western Midstream Partners	92,325	$2.895B	1.1%	$27730.00	—	COM	95825r103
—	Summit Financial Group	103,259	$2.737B	1.0%	$11259.59	—	COM	86606g101
—	Cowen Inc	3,290	$2.725B	1.0%	$797743.90	—	CONV PREF	223622507
IBM	International Business Machines	19,280	$2.72B	1.0%	$113.50	-16.6%	COM	459200101
—	Banc of California	194,688	$2.694B	1.0%	$13879.69	—	COM	05990k106
—	GNC Holdings	3,270,000	$2.661B	1.0%	$660.63	—	CONV BOND	36191GAB3
—	Travelers Companies	19,155	$2.627B	1.0%	$97229.71	—	COM	89417e109
CAT	Caterpillar	19,011	$2.576B	1.0%	$78.07	+46.8%	COM	149123101
—	Phillips 66 Partners	48,755	$2.552B	1.0%	$55368.84	—	COM	718549207
MSFT	Microsoft	21,459	$2.531B	0.9%	$40.06	+155.3%	COM	594918104
—	United Technologies	18,954	$2.443B	0.9%	$103765.13	—	COM	913017109
GEL	Genesis Energy	104,485	$2.435B	0.9%	$47039.34	—	COM	371927104
—	Teekay LNG Partners	159,949	$2.393B	0.9%	$31480.21	—	COM	y8564m105
—	JPMorgan Chase	22,824	$2.31B	0.9%	$66179.39	—	COM	46625h100
—	Aceto Corp	3,960,000	$2.297B	0.9%	$747.84	—	CONV BOND	004446AD2
—	Titan Machinery	2,312,000	$2.275B	0.9%	$858.98	—	CONV BOND	88830RAB7
DIS	Walt Disney	19,584	$2.174B	0.8%	$72.57	+48.7%	COM	254687106
PG	Procter & Gamble	20,851	$2.17B	0.8%	$59.55	+37.8%	COM	742718109
—	Energy Transfer Equity	136,886	$2.104B	0.8%	$17365.46	—	COM	29273v100
AXP	American Express Company	18,995	$2.076B	0.8%	$68.23	+40.4%	COM	025816109
—	Delek Logistics Partners	62,644	$2.032B	0.8%	$29161.53	—	COM	24664t103
—	Encore Capital Group	2,205,000	$2.018B	0.8%	$918.80	—	CONV BOND	292554AH5
—	Bunge	19,608	$1.941B	0.7%	$101930.37	—	CONV PREF	g16962204
WMT	Wal-Mart Stores	19,565	$1.908B	0.7%	$21.57	+35.5%	COM	931142103
—	Wintrust Financial	27,747	$1.868B	0.7%	$76440.43	—	COM	97650w108
—	Exxon Mobil	22,655	$1.831B	0.7%	$87848.52	—	COM	30231g102
—	Atlas Air Worldwide Holdings	1,750,000	$1.801B	0.7%	$836.53	—	CONV BOND	049164BH8
—	Macquarie Infrastructure	2,000,000	$1.766B	0.7%	$1002.62	—	CONV BOND	55608BAB1
—	Merck	20,569	$1.711B	0.6%	$52000.72	—	COM	58933y105
—	Hess Midstream Partners	77,314	$1.639B	0.6%	$19509.37	—	COM	428104103
—	First Bancshares	52,816	$1.632B	0.6%	$14411.45	—	COM	318916103
NKE	Nike	18,954	$1.596B	0.6%	$39.14	+92.6%	COM	654106103
—	Aircastle LTD	77,339	$1.565B	0.6%	$16793.56	—	COM	g0129k104
—	Shell Midstream Partners	75,899	$1.552B	0.6%	$38663.46	—	COM	822634101
—	Plains GP Holdings	60,982	$1.52B	0.6%	$33271.68	—	COM	72651a207
—	Greenbriar	1,520,000	$1.457B	0.5%	$983.31	—	CONV BOND	393657AK7
—	Andeavor Logistics	41,266	$1.455B	0.5%	$49438.53	—	COM	03350f106
CIVB	Civista Bancshares	65,740	$1.435B	0.5%	$8.76	+84.0%	COM	178867107
—	Contura Energy	24,290	$1.407B	0.5%	$63578.72	—	COM	21241b100
—	Argan	28,037	$1.4B	0.5%	$42913.43	—	COM	04010e109
CZWI	Citizens Community Bancorp	115,578	$1.379B	0.5%	$11.68	-12.5%	COM	174903104
—	Horizon Global	2,345,000	$1.308B	0.5%	$820.10	—	CONV BOND	44052WAA2
—	First United Corp	74,931	$1.293B	0.5%	$15293.78	—	COM	33741h107
—	Sunpower Corp	1,525,000	$1.288B	0.5%	$802.11	—	CONV BOND	867652AJ8
C	Citigroup	20,524	$1.277B	0.5%	$46.08	+5.9%	COM	172967424
—	Premier Financial Bancorp	81,228	$1.276B	0.5%	$14963.26	—	COM	74050m105
—	Verizon Communications	21,119	$1.249B	0.5%	$49272.11	—	COM	92343v104
—	Freddie Mac	146,105	$1.217B	0.5%	$4118.16	—	PREF STK	313400640
—	Kimball Electronics	78,485	$1.216B	0.5%	$12209.82	—	COM	49428j109
—	Global Eagle Entertainment	1,965,000	$1.204B	0.5%	$788.36	—	CONV BOND	37951DAB8
—	Walgreens Boots Alliance	18,954	$1.199B	0.4%	$60015.01	—	COM	931427108
ONB	Old National Bancorp	72,548	$1.19B	0.4%	$13.44	+24.3%	COM	680033107
INTC	Intel Corporation	21,644	$1.162B	0.4%	$23.28	+88.3%	COM	458140100
—	Southern National Bancorp of Virginia	79,289	$1.162B	0.4%	$17599.91	—	COM	843395104
BAC	Bank of America	41,405	$1.142B	0.4%	$11.47	+108.3%	COM	060505104
FCCO	First Community Corp	59,375	$1.132B	0.4%	$8.74	+88.5%	COM	319835104
PEBK	Peoples Bancorp of NC	42,496	$1.13B	0.4%	$15.96	+70.1%	COM	710577107
CLF	Cleveland-Cliffs	112,930	$1.128B	0.4%	$9.47	+0.6%	COM	185899101
—	Essa Bancorp	73,181	$1.127B	0.4%	$14870.46	—	COM	29667d104
—	MDC Holdings	38,467	$1.118B	0.4%	$29702.51	—	COM	552676108
—	BP Midstream Partners	75,945	$1.099B	0.4%	$20545.84	—	COM	0556EL109
—	Alaska Communications System	569,910	$1.094B	0.4%	$2316.18	—	COM	01167p101
—	DowDuPont	20,353	$1.085B	0.4%	$68100.12	—	COM	26078j100
UBOH	United Bancshares	46,610	$1.077B	0.4%	$15408.06	—	COM	909458101
—	Cisco Systems	19,557	$1.056B	0.4%	$27792.02	—	COM	17275r102
—	HMN Financial	48,975	$1.054B	0.4%	$7740.79	—	COM	40424g108
PKBK	Parke Bancorp	50,421	$1.053B	0.4%	$9.94	+44.6%	COM	700885106
—	Contura Energy	42,369	$1.031B	0.4%	$35015.86	—	WARRANT	21241b118
—	LGI Homes	16,936	$1.02B	0.4%	$69750.70	—	COM	50187t106
PFE	Pfizer	23,433	$995M	0.4%	$17.79	+64.4%	COM	717081103
—	Peoples Financial Corp	84,372	$970M	0.4%	$11784.47	—	COM	71103b102
—	Talos Energy	35,735	$949M	0.4%	$32333.02	—	COM	87484t108
—	Kinder Morgan	47,323	$947M	0.4%	$15123.26	—	COM	49456b101
HVT	Haverty Furniture	43,170	$945M	0.4%	$21.67	-0.3%	COM	419596101
LOCO	El Pollo Loco Holdings	72,505	$943M	0.4%	$12.36	+22.1%	COM	268603107
KO	Coca-Cola	20,083	$941M	0.4%	$29.77	+26.9%	COM	191216100
—	Arcbest	30,545	$940M	0.4%	$39081.38	—	COM	03937c105
—	Two River Bancorp	59,033	$936M	0.4%	$10127.01	—	COM	90207c105
—	Royal Gold	890,000	$890M	0.3%	$967.31	—	CONV BOND	780287AA6
—	MutualFirst Financial	29,630	$888M	0.3%	$15366.12	—	COM	62845b104
—	Codorus Bancorp	41,168	$879M	0.3%	$20136.15	—	COM	192025104
—	SPDR S&P 600 Small Cap Value	14,027	$846M	0.3%	$80046.17	—	COM	78464a300
TBCH	Turtle Beach	73,677	$837M	0.3%	$16.85	-10.5%	COM	900450206
—	Sunpower Corp	1,000,000	$822M	0.3%	$713.13	—	CONV BOND	867652AL3
—	Eagle Bancorp	48,293	$818M	0.3%	$18500.01	—	COM	26942g100
MVBF	MVB Financial	52,461	$800M	0.3%	$12.96	+7.7%	COM	553810102
—	Opus Bank	39,975	$792M	0.3%	$24528.57	—	COM	684000102
UIS	Unisys Corp	65,495	$764M	0.3%	$16.85	-23.5%	COM	909214306
—	Teekay Corp	1,000,000	$734M	0.3%	$910.54	—	CONV BOND	87900YAD5
—	AmeriServ Financial	180,026	$724M	0.3%	$2922.09	—	COM	03074a102
ZION	Zions Bancorp	14,631	$664M	0.2%	$26.92	+77.2%	COM	989701107
—	Barnes & Noble	116,890	$635M	0.2%	$9651.89	—	COM	067774109
HWBK	Hawthorn Bancshares	27,226	$633M	0.2%	$15.07	+41.3%	COM	420476103
—	SandRidge Energy	77,195	$619M	0.2%	$16001.96	—	COM	80007p869
—	Homestreet	22,540	$594M	0.2%	$27967.53	—	COM	43785u102
—	SunTrust Banks	9,897	$586M	0.2%	$33385.93	—	COM	867914103
IYF	iShares DJ US Financial Sector	4,774	$564M	0.2%	$106369.92	—	COM	464287788
CFG	Citizens Financial Group	16,237	$528M	0.2%	$16.25	+57.7%	COM	174610105
AAL	American Airlines Group	15,499	$492M	0.2%	$32.42	+2.2%	COM	02376R102
—	Central Valley Community Bancorp	24,942	$488M	0.2%	$11423.23	—	COM	155685100
—	Teekay	123,234	$483M	0.2%	$29830.54	—	COM	y8564w103
—	Sterling Bancorp	24,891	$464M	0.2%	$24599.98	—	COM	85917a100
—	First US Bancshares	45,286	$453M	0.2%	$11559.19	—	COM	33744v103
—	HopFed Bancorp	21,685	$427M	0.2%	$10965.46	—	COM	439734104
—	Lannett Company	53,833	$424M	0.2%	$21640.34	—	COM	516012101
—	Uniti Group	34,855	$390M	0.1%	$14692.06	—	COM	91325v108
—	Pacwest Bancorp	9,795	$368M	0.1%	$37610.00	—	COM	695263103
—	McDermott International	47,411	$353M	0.1%	$19650.00	—	COM	580037703
—	Superior Industries	68,914	$328M	0.1%	$14573.01	—	COM	868168105
EEM	iShares MSCI Emerging Markets	7,615	$327M	0.1%	$39060.01	—	COM	464287234
—	Holly Energy Partners	12,085	$326M	0.1%	$36675.97	—	COM	435763107
—	EZCorp	290,000	$324M	0.1%	$1118.90	—	CONV BOND	302301AF3
RAIL	FreightCar America	51,620	$318M	0.1%	$18.88	-60.9%	COM	357023100
PAA	Plains All American Pipeline	12,933	$317M	0.1%	$49687.02	—	COM	726503105
—	Midsouth Bancorp	26,140	$298M	0.1%	$12775.40	—	COM	598039105
FITB	Fifth Third Bancorp	11,275	$284M	0.1%	$11.71	+73.1%	COM	316773100
MOFG	MidWest One Financial	10,299	$281M	0.1%	$24.61	+15.5%	COM	598511103
—	Equitrans Midstream	11,125	$242M	0.1%	$21443.90	—	COM	294600101
—	Talos Energy	62,872	$238M	0.1%	$3087.04	—	WARRANT	87484t116
—	1st Constitution Bancorp	12,444	$221M	0.1%	$11477.18	—	COM	31986n102
—	Blackstone Group	5,985	$209M	0.1%	$31984.44	—	COM	09253u108
—	Oaktree Capital	3,815	$189M	0.1%	$42493.52	—	COM	674001201
TIP	iShares Barclays TIPS Bond	1,597	$181M	0.1%	$112390.35	—	COM	464287176
—	Apollo Global Management	6,020	$170M	0.1%	$32034.72	—	COM	037612306
—	KKR	6,825	$160M	0.1%	$20569.13	—	COM	48248m102
—	Genco Shipping & Trading	20,595	$154M	0.1%	$7400.01	—	COM	y2685t131
—	Zions Bancorp	11,368	$148M	0.1%	$3301.27	—	WARRANT	989701115
—	A T & T	4,654	$146M	0.1%	$35262.40	—	COM	00206r102
—	General Electric	14,588	$146M	0.1%	$22474.55	—	COM	369604103
—	Carlyle Group	7,805	$143M	0.1%	$22232.90	—	COM	14309l102
BBT	Berkshire Hills Bancorp	5,099	$139M	0.1%	$18.37	+27.0%	COM	084680107
—	Horsehead Holdings	3,375	$135M	0.1%	$1000.00	—	WARRANT	44069P118
—	BOK Financial	1,575	$128M	0.0%	$79419.19	—	COM	05561q201
—	Navios Maritime Partners	130,919	$119M	0.0%	$1685.59	—	COM	y62267102
FNB	F.N.B. Corporation	8,444	$89.51M	0.0%	$7.90	+10.5%	COM	302520101
—	Iridium Communications	3,374	$89.21M	0.0%	$9877.08	—	COM	46269c102
—	WPX Energy	5,345	$70.07M	0.0%	$13705.10	—	COM	98212b103
—	BB&T Corporation	1,443	$67.14M	0.0%	$34446.21	—	COM	054937107
—	Altria Group	859	$49.36M	0.0%	$57458.67	—	COM	02209s103
—	Navios Maritime Holdings	17,529	$41.72M	0.0%	$2208.50	—	COM	y62196103
—	Bank of America	29	$37.75M	0.0%	$1109103.50	—	CONV PREF	060505682
—	Hawaiian Holdings	1,281	$33.63M	0.0%	$6275.29	—	COM	419879101
—	SemGroup	2,163	$31.88M	0.0%	$41152.89	—	COM	81663a105
EZPW	EZCORP	3,065	$28.57M	0.0%	$5.93	+59.1%	COM	302301106
TSBK	Timberland Bancorp	1,000	$27.98M	0.0%	$7.96	+176.3%	COM	887098101
—	EOG Resources	250	$23.8M	0.0%	$87212.00	—	COM	26875p101
F	Ford Motor	2,476	$21.74M	0.0%	$6.85	-11.2%	COM	345370860
—	Fannie Mae	2,000	$20.66M	0.0%	$5760.00	—	PREF STK	313586752
AGM	Federal Agricultural Mortgage	250	$18.11M	0.0%	$23.58	+143.1%	COM	313148306
—	Umpqua Holdings	1,000	$16.5M	0.0%	$15010.00	—	COM	904214103
COFS	Choiceone Financial Services	634	$16.48M	0.0%	$10.25	+84.9%	COM	170386106
—	Chesapeake Energy	5,233	$16.22M	0.0%	$3957.07	—	COM	165167107
—	General Motors	400	$14.84M	0.0%	$36340.00	—	COM	37045v100
—	Teekay Offshore Partners	9,257	$11.11M	0.0%	$17778.35	—	COM	y8565j101
—	DR Horton	250	$10.35M	0.0%	$41380.00	—	COM	23331a109
—	EZCorp	10,000	$9.956M	0.0%	$723.85	—	CONV BOND	302301AB2
—	Teekay Tankers	10,100	$9.798M	0.0%	$1168.20	—	COM	y8565n102
—	Macys	400	$9.612M	0.0%	$25190.00	—	COM	55616p104
—	Seagate Technology	200	$9.578M	0.0%	$27296.67	—	COM	G7945M107
TOL	Toll Brothers	200	$7.24M	0.0%	$36.06	-0.3%	COM	889478103
—	Pyxus International	200	$4.778M	0.0%	$23000.00	—	COM	74737v106
—	Southwestern Energy	1,000	$4.69M	0.0%	$4690.00	—	COM	845467109
—	Navios Maritime Acquisition	733	$4.618M	0.0%	$6300.14	—	COM	y62159101
—	AK Steel	1,500	$4.125M	0.0%	$4660.00	—	COM	001547108
—	SunPower Corporation	236	$1.536M	0.0%	$7978.81	—	COM	867652406
—	Navios Maritime Containers	388	$928K	0.0%	$2391.75	—	COM	y62151108
—	Sandridge Energy	4,028	$403K	0.0%	$506.95	—	WARRANT	80007p125