Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SBUX	STARBUCKS CORP	86,049	$9.205M	3.2%	$106.97 *	$32.51	+194.0%	COM	855244109
GWW	GRAINGER WW INC	20,552	$8.392M	2.9%	$408.33 *	$202.80	+90.6%	COM	384802104
MA	MASTERCARD INC	23,281	$8.309M	2.9%	$356.90 *	$70.62	+391.3%	COM	57636Q104
—	LINDE PLC COM	31,098	$8.194M	2.9%	$263.49	$156.04	—	COM	G5494J103
APD	AIR PRODUCTS & CHEMICALS	22,795	$6.228M	2.2%	$273.22 *	$65.22	+270.1%	COM	009158106
TSCO	TRACTOR SUPPLY COMPANY	38,787	$5.452M	1.9%	$140.56 *	$9.94	+160.6%	COM	892356106
A	AGILENT TECHNOLOGIES	45,781	$5.424M	1.9%	$118.48 *	$31.63	+262.1%	COM	00846U101
TXN	TEXAS INSTRUMENTS INC	31,631	$5.191M	1.8%	$164.11 *	$25.31	+462.6%	COM	882508104
MSFT	MICROSOFT CORP	23,144	$5.147M	1.8%	$222.39 *	$27.57	+674.0%	COM	594918104
ADP	AUTO DATA PROCESSING	28,522	$5.025M	1.7%	$176.18 *	$49.46	+221.1%	COM	053015103
HSY	HERSHEY FOODS CORP	32,564	$4.96M	1.7%	$152.32 *	$65.77	+105.6%	COM	427866108
AAPL	APPLE, INC	37,235	$4.94M	1.7%	$132.67 *	$83.20	+55.3%	COM	037833100
DIS	DISNEY WALT HOLDING CO	25,295	$4.582M	1.6%	$181.14 *	$73.99	+139.2%	COM	254687106
PEP	PEPSICO INCORPORATED	30,377	$4.504M	1.6%	$148.27 *	$56.24	+126.0%	COM	713448108
JNJ	JOHNSON & JOHNSON	26,786	$4.215M	1.5%	$157.36 *	$59.93	+127.8%	COM	478160104
CVX	CHEVRONTEXACO CORP	48,227	$4.072M	1.4%	$84.43 *	$74.34	-8.1%	COM	166764100
BF/B	BROWN FORMAN CORP CL B	50,744	$4.03M	1.4%	$79.42 *	$31.39	+129.7%	COM	115637209
MKC	MC CORMICK & CO NEW VT	41,230	$3.941M	1.4%	$95.59 *	$56.86	+51.6%	COM	579780206
ABT	ABBOTT LABORATORIES	34,307	$3.756M	1.3%	$109.48 *	$30.33	+229.8%	COM	002824100
EL	LAUDER ESTEE CORP CL A	13,827	$3.68M	1.3%	$266.15 *	$63.29	+291.5%	COM	518439104
UNP	UNION PACIFIC CORP	17,391	$3.621M	1.3%	$208.21 *	$67.70	+175.0%	COM	907818108
XOM	EXXON MOBIL CORP	87,681	$3.614M	1.3%	$41.22 *	$50.93	-33.9%	COM	30231G102
EMR	EMERSON ELECTRIC	44,723	$3.594M	1.3%	$80.36 *	$41.74	+73.6%	COM	291011104
DE	DEERE & CO	13,150	$3.538M	1.2%	$269.05 *	$82.46	+205.7%	COM	244199105
BR	BROADRIDGE FINANCIAL	22,732	$3.482M	1.2%	$153.18 *	$20.36	+592.4%	COM	11133T103
SYY	SYSCO CORP.	46,044	$3.419M	1.2%	$74.26 *	$24.48	+164.8%	COM	871829107
KEYS	KEYSIGHT TECHNOLOGIES INC COM	24,895	$3.288M	1.1%	$132.07	$33.81	+290.7%	COM	49338L103
TT	TRANE TECHNOLOGIES PLC	22,605	$3.281M	1.1%	$145.14 *	$93.73	+45.3%	COM	G8994E103
ABBV	ABBVIE INC COM	29,712	$3.183M	1.1%	$107.13 *	$27.33	+222.6%	COM	00287Y109
KMB	KIMBERLY-CLARK CORP	21,699	$2.925M	1.0%	$134.80 *	$63.91	+75.7%	COM	494368103
FIS	FIDELITY NATL INFO SVCS	20,593	$2.913M	1.0%	$141.46 *	$35.22	+259.4%	COM	31620M106
DOW	DOW CHEMICAL	50,251	$2.788M	1.0%	$55.48 *	$35.78	+18.2%	COM	260557103
IFF	INTL FLAVOR & FRAGRANCES	23,526	$2.56M	0.9%	$108.82 *	$59.16	+60.9%	COM	459506101
SON	SONOCO PRODUCTS INC	43,200	$2.559M	0.9%	$59.24 *	$28.72	+72.0%	COM	835495102
—	STERIS PLC	12,950	$2.454M	0.9%	$189.50	$57.09	—	COM	859152100
MIDD	MIDDLEBY CORP THE	18,775	$2.42M	0.8%	$128.89	$73.60	+75.2%	COM	596278101
HD	HOME DEPOT INC	8,976	$2.384M	0.8%	$265.60 *	$72.10	+226.2%	COM	437076102
CPK	CHESAPEAKE UTIL CORP	21,977	$2.378M	0.8%	$108.20 *	$30.46	+223.1%	COM	165303108
—	EATON CORPORATION	19,153	$2.301M	0.8%	$120.14	$67.08	—	COM	278058102
CTAS	CINTAS CORP	6,426	$2.271M	0.8%	$353.41 *	$10.65	+692.4%	COM	172908105
GRC	GORMAN-RUPP CO COM	68,903	$2.235M	0.8%	$32.44	$26.34	+23.2%	COM	383082104
HON	HONEYWELL INC.	10,347	$2.2M	0.8%	$212.62 *	$58.08	+211.7%	COM	438516106
—	WESTROCK CO COM	50,374	$2.192M	0.8%	$43.51	$49.93	—	COM	96145D105
NSC	NORFOLK SOUTHERN CORP	9,168	$2.178M	0.8%	$237.57 *	$57.67	+271.3%	COM	655844108
COST	COSTCO WHOLSALE CORP NEW	5,766	$2.172M	0.8%	$376.69 *	$88.47	+303.0%	COM	22160K105
DRI	DARDEN RESTURANTS INC	17,895	$2.131M	0.7%	$119.08 *	$33.70	+201.9%	COM	237194105
MSA	MINE SAFTEY APPLIANCE CO	14,050	$2.098M	0.7%	$149.32	$56.12	+166.2%	COM	553498106
OLN	OLIN CORP NEW	82,300	$2.021M	0.7%	$24.56 *	$16.13	+37.8%	COM	680665205
ADI	ANALOG DEVICES INC	13,387	$1.977M	0.7%	$147.68 *	$40.57	+233.7%	COM	032654105
CASY	CASEYS GENERAL STORES INC	10,874	$1.942M	0.7%	$178.59 *	$64.27	+169.3%	COM	147528103
PH	PARKER-HANNIFIN CORP	7,125	$1.94M	0.7%	$272.28 *	$107.64	+136.7%	COM	701094104
—	BUNGE	28,962	$1.899M	0.7%	$65.57	$67.94	—	COM	G16962105
KO	COCA-COLA COMPANY	34,277	$1.879M	0.7%	$54.82 *	$29.51	+59.9%	COM	191216100
AMAT	APPLIED MATERIALS INC	21,375	$1.844M	0.6%	$86.27 *	$14.34	+476.4%	COM	038222105
TKR	TIMKEN COMPANY	23,600	$1.825M	0.6%	$77.33	$39.59	+95.4%	COM	887389104
NEM	NEWMONT GOLDCORP	29,399	$1.76M	0.6%	$59.87 *	$22.45	+127.8%	COM	651639106
AIT	APPLIED INDL. TECH.	22,200	$1.731M	0.6%	$77.97 *	$40.80	+81.4%	COM	03820C105
LOW	LOWES COMPANIES INC	10,615	$1.703M	0.6%	$160.43 *	$32.55	+349.8%	COM	548661107
AIN	ALBANY INT'L CORP.	22,200	$1.629M	0.6%	$73.38 *	$33.48	+106.6%	COM	012348108
GIS	GENERAL MILLS INC	27,507	$1.617M	0.6%	$58.79 *	$32.05	+54.4%	COM	370334104
CE	CELANESE CORP.	12,350	$1.604M	0.6%	$129.88 *	$49.37	+141.2%	COM	150870103
CAT	CATERPILLAR INC	8,253	$1.502M	0.5%	$181.99 *	$63.39	+161.1%	COM	149123101
AXP	AMERICAN EXPRESS CO.	11,900	$1.438M	0.5%	$120.84 *	$64.37	+76.2%	COM	025816109
MMM	3M COMPANY	8,125	$1.42M	0.5%	$174.77 *	$62.63	+94.1%	COM	88579Y101
ASIX	ADVANSIX INC COM	70,026	$1.399M	0.5%	$19.98 *	$16.50	+10.7%	COM	00773T101
—	DU PONT E I DE NEMOUR&CO	19,299	$1.372M	0.5%	$71.09	$64.15	—	COM	263534109
FELE	FRANKLIN ELEC CO INC	18,500	$1.28M	0.4%	$69.19 *	$28.98	+126.8%	COM	353514102
KEX	KIRBY CORP	24,522	$1.27M	0.4%	$51.79	$73.07	-29.1%	COM	497266106
SYK	STRYKER CORP	5,150	$1.261M	0.4%	$244.85 *	$60.41	+285.2%	COM	863667101
NTRS	NORTHERN TRUST CORP	13,050	$1.215M	0.4%	$93.10 *	$42.51	+88.2%	COM	665859104
SWK	STANLEY BLACK & DECKER INC.	6,680	$1.192M	0.4%	$178.44 *	$58.01	+161.0%	COM	854502101
ATO	ATMOS ENERGY CORP	11,876	$1.133M	0.4%	$95.40 *	$32.40	+159.7%	COM	049560105
—	CHUBB CORPORATION	7,356	$1.132M	0.4%	$153.89	$93.59	—	COM	171232101
DOV	DOVER CORPORATION	8,863	$1.118M	0.4%	$126.14 *	$41.67	+184.1%	COM	260003108
MUSA	MURPHY USA INC.	8,443	$1.104M	0.4%	$130.76 *	$43.32	+194.2%	COM	626755102
NGVT	INGEVITY CORP COM	14,546	$1.101M	0.4%	$75.69	$45.82	+65.3%	COM	45688C107
VZ	VERIZON COMM	18,286	$1.074M	0.4%	$58.73 *	$29.33	+48.5%	COM	92343V104
VLO	VALERO ENERGY	18,938	$1.071M	0.4%	$56.55 *	$25.73	+83.2%	COM	91913Y100
AVT	AVNET INC	30,450	$1.069M	0.4%	$35.11 *	$25.85	+19.8%	COM	053807103
PFE	PFIZER INC	28,638	$1.054M	0.4%	$36.80 *	$22.58	+27.7%	COM	717081103
—	NEENAH PAPER INC	18,893	$1.045M	0.4%	$55.31	$32.30	—	COM	640079109
BMY	BRISTOL MYERS SQUIBB CO	16,615	$1.03M	0.4%	$61.99 *	$29.35	+73.3%	COM	110122108
—	KANSAS CITY SOUTHERN NEW	5,033	$1.027M	0.4%	$204.05	$107.76	—	COM	485170302
CTVA	CORTEVA INC COM	25,814	$999K	0.3%	$38.70 *	$25.53	+43.5%	COM	22052L104
ENB	ENBRIDGE INC.	29,569	$945K	0.3%	$31.96 *	$24.38	-5.6%	COM	29250N105
MET	METLIFE INC	20,100	$943K	0.3%	$46.92 *	$26.65	+51.0%	COM	59156R108
—	INGERSOLL-RAND COMPANY	20,355	$927K	0.3%	$45.54	$56.45	—	COM	G47791101
ALLE	ALLEGION PUBLIC LTD. CO.	7,831	$911K	0.3%	$116.33 *	$44.84	+143.2%	COM	G0176J109
CSX	CSX CORP	9,900	$898K	0.3%	$90.71 *	$6.91	+309.4%	COM	126408103
PSX	PHILLIPS 66 COM	12,845	$898K	0.3%	$69.91 *	$59.05	-2.6%	COM	718546104
MPC	MARATHON PETE CORP COM	20,571	$850K	0.3%	$41.32 *	$44.84	-19.1%	COM	56585A102
GLW	CORNING INC.	23,600	$849K	0.3%	$35.97 *	$11.05	+184.0%	COM	219350105
OKE	ONEOK, INC	22,005	$844K	0.3%	$38.35 *	$21.32	+34.5%	COM	682680103
GT	GOODYEAR TIRE & RUBBER	77,367	$844K	0.3%	$10.91	$18.63	-41.4%	COM	382550101
SLB	SCHLUMBERGER LTD F	38,552	$841K	0.3%	$21.81 *	$37.38	-47.5%	COM	806857108
D	DOMINION RESOURCES INC.	11,109	$835K	0.3%	$75.16 *	$36.84	+63.9%	COM	25746U109
GAP	GAP INC	40,642	$820K	0.3%	$20.18 *	$25.35	-34.3%	COM	364760108
SCHW	THE CHARLES SCHWAB CORP	15,379	$815K	0.3%	$52.99 *	$42.34	+17.3%	COM	808513105
SHW	SHERWIN WILLIAMS CO	1,100	$808K	0.3%	$734.55 *	$53.48	+338.1%	COM	824348106
MRK	MERCK & CO INC	9,825	$803K	0.3%	$81.73 *	$30.79	+116.3%	COM	58933Y105
SR	SPIRE	12,200	$781K	0.3%	$64.02	$70.79	—	COM	84857L101
MUR	MURPHY OIL CORP	64,520	$780K	0.3%	$12.09 *	$24.17	-57.7%	COM	626717102
—	O-I GLASS, INC.	62,250	$740K	0.3%	$11.89	$17.24	—	COM	690768403
MKL	MARKEL CORP.	685	$707K	0.2%	$1032.12	$1095.40	-5.7%	COM	570535104
ICE	INTERCONTINENTAL EXCHANGE	6,000	$691K	0.2%	$115.17 *	$46.42	+132.9%	COM	45866F104
—	DUKE ENERGY CORPORATION	7,349	$672K	0.2%	$91.44	$67.96	—	COM	26441C105
CVGW	CALAVO GROWERS INC	9,500	$659K	0.2%	$69.37 *	$25.96	+140.3%	COM	128246105
BHF	BRIGHTHOUSE FINL INC COM	17,750	$642K	0.2%	$36.17	$58.82	-38.4%	COM	10922N103
VTRS	VIATRIS INC.	33,637	$630K	0.2%	$18.73 *	$13.33	+14.9%	COM	92556V106
COP	CONOCOPHILLIPS	15,657	$626K	0.2%	$39.98 *	$42.93	-22.2%	COM	20825C104
CMA	COMERICA INC.	11,146	$622K	0.2%	$55.80 *	$38.35	0.0%	COM	200340107
INTC	INTEL	11,728	$584K	0.2%	$49.80 *	$22.01	+104.6%	COM	458140100
GPC	GENUINE PARTS CO COM	5,760	$578K	0.2%	$100.35 *	$56.06	+56.2%	COM	372460105
BK	BANK OF NEW YORK CO INC	13,300	$564K	0.2%	$42.41 *	$21.22	+73.1%	COM	064058100
AWR	AMERICAN STATES WATER CO	6,900	$548K	0.2%	$79.42 *	$21.56	+233.3%	COM	029899101
RTX	RAYTHEON TECHNOLOGIES CO.	7,636	$546K	0.2%	$71.50 *	$54.61	+16.8%	COM	75513E101
—	CDK GLOBAL HOLDINGS LLC COM	10,007	$518K	0.2%	$51.76	$41.70	—	COM	12508E101
PAG	PENSKE AUTOMOTIVE GROUP	8,600	$510K	0.2%	$59.30	$31.60	+88.0%	COM	70959W103
NTAP	NETAPP INC.	7,700	$510K	0.2%	$66.23 *	$43.28	+35.0%	COM	64110D104
GPN	GLOBAL PAYMENTS INC.	2,300	$495K	0.2%	$215.22 *	$155.39	+32.7%	COM	37940X102
PYPL	PAYPAL HOLDINGS INC.	2,081	$487K	0.2%	$234.02	$137.88	+69.5%	COM	70450Y103
ATI	ALLEGHENY TECH INC	28,400	$476K	0.2%	$16.76	$16.58	+1.1%	COM	01741R102
PCAR	PACCAR INC	5,500	$474K	0.2%	$86.18 *	$22.88	+108.7%	COM	693718108
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,700	$459K	0.2%	$52.76	$35.03	—	COM	007800105
—	HESS CORPORATION	8,700	$459K	0.2%	$52.76	$41.82	—	COM	42809H107
AEM	AGNICO-EAGLE MINES LTD	6,300	$444K	0.2%	$70.48 *	$39.68	+56.7%	COM	008474108
AMGN	AMGEN INC	1,930	$443K	0.2%	$229.53 *	$108.64	+80.8%	COM	031162100
IBM	INTL BUSINESS MACHINES	3,486	$438K	0.2%	$125.65 *	$109.98	-11.0%	COM	459200101
NEE	NEXTERA ENERGY INC	5,680	$438K	0.2%	$77.11 *	$56.11	+21.0%	COM	65339F101
TDG	TRANSDIGM GROUP INC.	685	$423K	0.1%	$617.52 *	$452.74	+13.6%	COM	893641100
NTR	NUTRIEN LTD CO COM	8,680	$418K	0.1%	$48.16 *	$37.76	+9.7%	COM	67077M108
AGI	ALAMOS GOLD INC.	47,500	$415K	0.1%	$8.74 *	$6.15	+36.6%	COM	011532108
—	ANGLOGOLD LTD	18,150	$410K	0.1%	$22.59	$14.30	—	COM	035128206
KN	KNOWLES CORP COM	22,131	$407K	0.1%	$18.39	$20.80	-11.4%	COM	49926D109
ARTNA	ARTESIAN RES CORP CLA	10,813	$400K	0.1%	$36.99 *	$16.06	+98.7%	COM	043113208
—	MARATHON OIL CO.	60,025	$400K	0.1%	$6.66	$17.95	—	COM	565849106
—	XEROX CORP	17,108	$396K	0.1%	$23.15	$18.28	—	COM	984121103
MATX	MATSON INC COM	6,800	$387K	0.1%	$56.91 *	$36.12	+46.9%	COM	57686G105
SFM	SPROUTS FARMERS MKT	19,050	$382K	0.1%	$20.05	$23.77	-15.5%	COM	85208M102
—	BARRICK GOLD	16,600	$378K	0.1%	$22.77	$14.20	—	COM	067901108
LLY	LILLY ELI & COMPANY	2,203	$371K	0.1%	$168.41 *	$90.28	+77.5%	COM	532457108
M	MACYS INC.	33,050	$371K	0.1%	$11.23	$14.37	-21.7%	COM	55616P104
OGS	ONE GAS INC COM	4,783	$367K	0.1%	$76.73	$46.40	+65.4%	COM	68235P108
—	DENNYS CORP	24,500	$359K	0.1%	$14.65	$5.96	—	COM	24869P104
AZN	ASTRAZENECA PLC ADR	7,146	$357K	0.1%	$49.96	$43.84	—	COM	046353108
CHDN	CHURCHILL DOWNS INC KY	1,800	$350K	0.1%	$194.44 *	$55.83	+71.6%	COM	171484108
AVY	AVERY DENNISON CORP	2,250	$348K	0.1%	$154.67 *	$68.69	+107.7%	COM	053611109
IP	INTERNATIONAL PAPER CO	6,988	$347K	0.1%	$49.66 *	$27.17	+39.6%	COM	460146103
ORI	OLD REPUBLIC INTL CORP	17,600	$346K	0.1%	$19.66 *	$13.18	-4.1%	COM	680223104
CLF	CLEVELAND-CLIFFS, INC.	23,700	$345K	0.1%	$14.56	$7.15	+103.7%	COM	185899101
—	DISCOVER FINL SVCS COM	3,800	$344K	0.1%	$90.53	$57.63	—	COM	254709108
HP	HELMERICH & PAYNE INC	14,750	$341K	0.1%	$23.12	$62.31	-62.8%	COM	423452101
—	NUVEEN QUALITY MUNICIPAL	21,835	$335K	0.1%	$15.34	$13.73	—	COM	67066V101
—	Capstead Mortg Pfd	13,600	$334K	0.1%	$24.56	$24.56	—	COM	14067E605
ZTS	ZOETIS INC.	2,000	$331K	0.1%	$165.50 *	$85.91	+84.2%	COM	98978V103
CC	CHEMOURS COMPANY	12,968	$321K	0.1%	$24.75 *	$11.26	+84.4%	COM	163851108
STLD	STEEL DYNAMICS INC	8,700	$320K	0.1%	$36.78 *	$22.96	+48.3%	COM	858119100
AEP	AMER ELECTRIC PWR CO INC	3,780	$314K	0.1%	$83.07 *	$31.62	+119.3%	COM	025537101
CMC	COMMERCIAL METALS CO	14,600	$299K	0.1%	$20.48 *	$18.01	+5.9%	COM	201723103
VVV	VALVOLINE INC.	12,900	$298K	0.1%	$23.10	$23.39	-1.1%	COM	92047W101
KGC	KINROSS GOLD CORP NEW	39,600	$290K	0.1%	$7.32	$3.92	+87.0%	COM	496902404
CARR	CARRIER GLOBAL CORP.	7,556	$285K	0.1%	$37.72 *	$26.37	+34.1%	COM	14448C104
BDX	BECTON DICKINSON & CO	1,140	$285K	0.1%	$250.00 *	$138.32	+62.8%	COM	075887109
PNC	PNC BANK CORP	1,910	$284K	0.1%	$148.69 *	$85.95	+44.7%	COM	693475105
MOS	MOSAIC CO NEW	12,300	$283K	0.1%	$23.01 *	$14.60	+42.0%	COM	61945C103
ZION	ZIONS BANCORPORATION COM	6,100	$264K	0.1%	$43.28	$36.98	+17.5%	COM	989701107
BP	BP PLC	12,828	$263K	0.1%	$20.50	$39.09	-47.5%	COM	055622104
CAL	CALERES INC.	16,500	$258K	0.1%	$15.64 *	$10.45	+40.4%	COM	129500104
KEY	KEYCORP	15,766	$258K	0.1%	$16.36 *	$6.82	+89.3%	COM	493267108
EXPD	EXPEDITORS INTL WASH	2,700	$256K	0.1%	$94.81 *	$68.29	+31.5%	COM	302130109
USB	US BANCORP DEL	5,500	$256K	0.1%	$46.55 *	$33.86	+11.1%	COM	902973304
HBAN	HUNTINGTON BANCSHARES INC	20,118	$254K	0.1%	$12.63 *	$4.99	+102.7%	COM	446150104
ASH	ASHLAND INC	3,200	$253K	0.1%	$79.06 *	$56.17	+28.8%	COM	044186104
CFR	CULLEN FROST BANKERS	2,900	$252K	0.1%	$86.90 *	$67.58	+11.5%	COM	229899109
PAAS	PAN AMERICAN SILVER	7,000	$241K	0.1%	$34.43	$23.72	+45.5%	COM	697900108
OTIS	OTIS WORLDWIDE CORP.	3,577	$241K	0.1%	$67.37 *	$47.48	+32.0%	COM	68902V107
MWA	MUELLER WATER PRODUCTS	19,500	$241K	0.1%	$12.36 *	$6.27	+82.4%	COM	624758108
—	ACTIVISION CORP	2,500	$232K	0.1%	$92.80	$80.80	—	COM	00507V109
RF	REGIONS FINANCIAL CP NEW	14,392	$231K	0.1%	$16.05 *	$6.92	+90.8%	COM	7591EP100
CL	COLGATE-PALMOLIVE CO	2,700	$230K	0.1%	$85.19 *	$67.34	+12.9%	COM	194162103
PAYX	PAYCHEX INC	2,471	$230K	0.1%	$93.08 *	$76.93	+5.2%	COM	704326107
KDP	KEURIG DR PEPPER INC.	7,200	$230K	0.1%	$31.94 *	$23.58	+19.2%	COM	49271V100
F	FORD MOTOR COMPANY	26,150	$229K	0.1%	$8.76 *	$7.77	-14.2%	COM	345370860
KWR	QUAKER CHEMICAL CORP	900	$228K	0.1%	$253.33	$225.91	+12.2%	COM	747316107
—	HOLLYFRONTIER CORP COM	8,800	$227K	0.1%	$25.80	$25.80	—	COM	435758305
PENN	PENN NATIONAL GAMING	2,600	$224K	0.1%	$86.15	$71.36	+21.0%	COM	707569109
WFC	WELLS FARGO & CO NEW	7,442	$224K	0.1%	$30.10 *	$23.04	+16.8%	COM	949746101
—	FERRO CORP	15,226	$222K	0.1%	$14.58	$7.64	—	COM	315405100
—	BANCORP SOUTH CM	7,400	$203K	0.1%	$27.43	$27.43	—	COM	05971J102
JOE	ST JOE COMPANY	4,788	$203K	0.1%	$42.40	$31.84	+33.3%	COM	790148100
HAL	HALLIBURTON COMPANY	10,695	$202K	0.1%	$18.89 *	$18.34	-5.8%	COM	406216101
OXY	OCCIDENTAL PETE CORP	11,429	$197K	0.1%	$17.24 *	$44.43	-63.3%	COM	674599105
MTUS	TIMKENSTEEL CORP COM	40,850	$190K	0.1%	$4.65	$13.15	-64.5%	COM	887399103
RIG	TRANSOCEAN SEDCO FOREX	73,366	$169K	0.1%	$2.30	$19.39	-88.1%	COM	H8817H100
FLR	FLUOR CORPORATION	10,400	$166K	0.1%	$15.96	$14.16	+12.8%	COM	343412102
—	DNP SELECT INCOME FUND	14,655	$150K	0.1%	$10.24	$10.24	—	COM	23325P104
—	INTEVAC INC	18,100	$130K	0.0%	$7.18	$11.93	—	COM	461148108
XPL	SOLITARIO EXPLORATION	193,000	$108K	0.0%	$0.56	$1.31	-57.3%	COM	8342EP107
NRT	NO EUROPEAN OIL TR	35,500	$102K	0.0%	$2.87	$15.00	—	COM	659310106
—	ZIX CORP	10,000	$86,000	0.0%	$8.60	$5.80	—	COM	98974P100
PBT	PERMIAN BASIN ROYALTY TR	23,900	$79,000	0.0%	$3.31	$10.65	—	COM	714236106
ORN	ORION MARINE GROUP	15,000	$74,000	0.0%	$4.93	$4.10	+21.0%	COM	68628V308
FARM	FARMER BROS. CO.	15,100	$70,000	0.0%	$4.64 *	$30.36	-85.9%	COM	307675108
—	YAMANA GOLD INC	11,500	$65,000	0.0%	$5.65	$5.27	—	COM	98462Y100
IAG	IAMGOLD CORPORATION	17,000	$62,000	0.0%	$3.65	$3.61	+1.7%	COM	450913108
PTEN	PATTERSON UTIL ENRGY	10,000	$52,000	0.0%	$5.20	$3.45	+52.6%	COM	703481101
KOS	KOSMOS ENERGY LTD	22,000	$51,000	0.0%	$2.32	$3.91	-39.9%	COM	500688106
—	AEGON N V ORD AMER REG	10,000	$39,000	0.0%	$3.90	$2.40	—	COM	007924103
MARPS	MARINE PETE TRUST UTS	10,000	$33,000	0.0%	$3.30	$3.30	—	COM	568423107
—	PDL BIOPHARMA INC	12,600	$31,000	0.0%	$2.46	$2.66	—	COM	69329Y104
—	SOUTHWESTERN ENERGY CO	10,700	$31,000	0.0%	$2.90	$2.90	—	COM	845467109
—	CHICOS FAS INC	10,900	$17,000	0.0%	$1.56	$1.56	—	COM	168615102
—	GREAT PANTHER SILVER	11,000	$9,000	0.0%	$0.82	$0.71	—	COM	39115V101