Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NSC	NORFOLK SOUTHERN CORP	29,400	$4.26B	3.9%	$113.99	0.0%	CMN	655844108
C	Citigroup Inc	52,900	$3.936B	3.6%	$56.47	0.0%	CMN	172967424
COF	CAPITAL ONE FINANCIAL CORP	34,800	$3.465B	3.2%	$79.30	0.0%	CMN	14040H105
—	WYNDHAM WORLDWIDE CORPORATION	27,000	$3.128B	2.9%	$115870.00	—	CMN	98310W108
VZ	VERIZON COMMUNICATIONS INC. CMN	58,900	$3.118B	2.9%	$31.96	0.0%	CMN	92343V104
—	GENESEE & WYO INC CL A	39,300	$3.094B	2.9%	$78730.00	—	CMN - SERIES A	371559105
CFG	CITIZENS FINANCIAL GROUP	71,800	$3.014B	2.8%	$28.01	0.0%	CMN	174610105
TEVA	Teva Pharmaceutical Industries	147,000	$2.786B	2.6%	$18950.00	—	CMN	881624209
AIG	AMERICAN INTERNATIONAL GROUP	43,000	$2.562B	2.4%	$49.72	0.0%	CMN	026874784
CPB	CAMPBELL SOUP CO	50,200	$2.415B	2.2%	$36.29	0.0%	CMN	134429109
—	VALEANT PHARMACEUTICALS INTERN	112,700	$2.342B	2.2%	$20780.00	—	CMN	91911K102
GILD	GILEAD SCIENCE COM	31,500	$2.257B	2.1%	$55.90	0.0%	CMN	375558103
—	LEGG MASON INC CMN	50,500	$2.12B	2.0%	$41980.00	—	CMN	524901105
—	REALOGY HOLDINGS CORP	78,000	$2.067B	1.9%	$26500.00	—	CMN	75605Y106
SPGI	S&P GLOBAL INC	12,200	$2.067B	1.9%	$151.96	0.0%	CMN	78409V104
—	KELLOGG COMPANY CMN	30,300	$2.06B	1.9%	$44.70	0.0%	CMN	487836108
AAPL	APPLE COMPUTER INC	12,150	$2.056B	1.9%	$39.08	0.0%	CMN	037833100
TRV	TRAVELERS COS INC/THE	14,800	$2.007B	1.9%	$110.50	0.0%	CMN	89417E109
—	LIFEPOINT HOSPITALS INC CMN	34,000	$1.693B	1.6%	$49800.00	—	CMN	53219L109
MRK	MERCK & CO. INC.	30,000	$1.688B	1.6%	$43.00	0.0%	CMN	58933Y105
FTI	FMC TECHNOLOGIES INC	51,700	$1.619B	1.5%	$19.03	0.0%	CMN	G87110105
DIN	DINEEQUITY INC	31,000	$1.573B	1.5%	$33.75	0.0%	CMN	254423106
VST	VISTRA ENERGY CORP	85,000	$1.557B	1.4%	$16.03	0.0%	CMN	92840M102
IWN	ISHARES RUSSELL 2000 VALUE	12,000	$1.509B	1.4%	$125750.00	—	CMN	464287630
ZION	ZIONS BANCORP CMN	29,600	$1.505B	1.4%	$47.89	0.0%	CMN	989701107
DE	DEERE & COMPANY CMN	9,600	$1.502B	1.4%	$123.74	0.0%	CMN	244199105
VVV	VALVOLINE INC	59,600	$1.494B	1.4%	$24.16	0.0%	CMN	92047W101
—	WADDELL & REED FINANCIAL-A	66,000	$1.474B	1.4%	$22340.00	—	CMN - SERIES A	930059100
ABT	ABBOTT LABORATORIES	25,400	$1.45B	1.3%	$48.12	0.0%	CMN	002824100
VALE	COMPANHIA VALE DO RIO DOCE ADR	104,000	$1.272B	1.2%	$12230.00	—	ADR	91912E105
RRGB	RED ROBIN GRMT BURG	20,000	$1.128B	1.0%	$57.54	0.0%	CMN	75689M101
AZN	ASTRAZENECA PLC SPONS ADR	32,400	$1.124B	1.0%	$34700.00	—	ADR	046353108
—	Viacom Inc	36,100	$1.112B	1.0%	$30810.00	—	CMN	92553P201
BLMN	BLOOMIN' BRANDS INC	50,000	$1.067B	1.0%	$15.39	0.0%	CMN	094235108
MTRX	MATRIX SERVICE CO	58,800	$1.047B	1.0%	$15.72	0.0%	CMN	576853105
SJM	JM SMUCKER CO/THE	8,300	$1.031B	1.0%	$85.77	0.0%	CMN	832696405
PAHC	PHIBRO ANIMAL HEALTH CORP-A	30,000	$1.005B	0.9%	$35.51	0.0%	CMN - SERIES A	71742Q106
VVX	VECTRUS INC	32,455	$1.001B	0.9%	$31.98	0.0%	CMN	92242T101
SYNA	SYNAPTICS, INC. CMN	24,100	$963M	0.9%	$38.26	0.0%	CMN	87157D109
—	HALYARD HEALTH INC	20,800	$961M	0.9%	$46180.00	—	CMN	40650V100
MSTR	MICROSTRATEGY INC-CL A	7,200	$945M	0.9%	$13.42	0.0%	CMN - SERIES A	594972408
—	VASCO Data Security Internatio	67,500	$938M	0.9%	$13900.00	—	CMN	92230Y104
—	ANALOGIC CORP	10,674	$894M	0.8%	$83749.95	—	CMN	032657207
AIR	AAR CORP COM	22,643	$890M	0.8%	$39.44	0.0%	CMN	000361105
—	Invacare Corporation	52,029	$877M	0.8%	$16849.99	—	CMN	461203101
CVLT	COMMVAULT SYSTEMS INC CMN	16,100	$845M	0.8%	$55.32	0.0%	CMN	204166102
AOSL	ALPHA & OMEGA SEMICONDUCTOR	51,633	$845M	0.8%	$17.50	0.0%	CMN	G6331P104
AXS	AXIS CAPITAL HOLDINGS LTD	16,800	$844M	0.8%	$42.24	0.0%	CMN	G0692U109
—	ASPEN INS. HOLD.	20,700	$840M	0.8%	$40600.00	—	CMN	G05384105
T	AT&T INC CMN	21,600	$840M	0.8%	$15.25	0.0%	CMN	00206R102
ANGO	ANGIODYNAMICS INC	49,200	$818M	0.8%	$17.06	0.0%	CMN	03475V101
—	ENGILITY HOLDINGS INC	28,000	$794M	0.7%	$28370.00	—	CMN	29286C107
—	TRIUMPH GROUP INC CMN	28,000	$762M	0.7%	$27200.00	—	CMN	896818101
—	FIESTA RESTAURANT GROUP	40,000	$760M	0.7%	$19000.00	—	CMN	31660B101
—	DEPOMED INC	94,000	$757M	0.7%	$8050.00	—	CMN	249908104
OM2	ORTHOFIX INTERNATIONAL NV	13,450	$736M	0.7%	$54700.00	—	CMN	N6748L102
GLRE	GREENLIGHT CAPITAL RE LTD-A	36,400	$732M	0.7%	$21.74	0.0%	CMN - SERIES A	G4095J109
—	ROWAN COMPANIES INC CMN	45,000	$705M	0.7%	$15660.00	—	CMN	G7665A101
BJRI	BJS RESTAURANTS INC CMN	18,600	$677M	0.6%	$32.52	0.0%	CMN	09180C106
FSLR	FIRST SOLAR, INC. CMN	9,800	$662M	0.6%	$58.65	0.0%	CMN	336433107
—	SYNCHRONOSS TECHNOLOGIES INC	70,000	$626M	0.6%	$8940.00	—	CMN	87157B103
—	MCDERMOTT	95,000	$625M	0.6%	$6580.00	—	CMN	580037109
KLIC	KULICKE & SOFFA IND	24,400	$594M	0.5%	$20.80	0.0%	CMN	501242101
AFIIQ	ARMSTRONG FLOORING INC	33,101	$560M	0.5%	$16.21	0.0%	CMN	04238R106
—	CANADIAN PACIFIC RAILWAY LTD	3,000	$548M	0.5%	$182760.00	—	CMN	13645T100
AMCX	AMC NETWORKS INC	10,000	$541M	0.5%	$53.39	0.0%	CMN	00164V103
THC	TENET HEALTHCARE CORP	35,100	$532M	0.5%	$14.07	0.0%	CMN	88033G407
PLAB	PHOTRONICS INC CMN	62,000	$529M	0.5%	$9.13	0.0%	CMN	719405102
—	QUORUM HEALTH CORP	84,000	$524M	0.5%	$6240.00	—	CMN	74909E106
—	BARRACUDA NETWORKS INC	19,000	$523M	0.5%	$27500.00	—	CMN	068323104
GIFI	Gulf Island Fabrication, Inc	38,400	$516M	0.5%	$12.64	0.0%	CMN	402307102
ARQ	ADA-ES INC	53,057	$513M	0.5%	$8.59	0.0%	CMN	00770C101
—	LEE ENTERPRISES	214,639	$504M	0.5%	$2350.00	—	CMN	523768109
KO	COCA-COLA COMPANY (THE) CMN	10,600	$486M	0.4%	$35.63	0.0%	CMN	191216100
—	OM ASSET MANAGEMENT PLC	26,000	$436M	0.4%	$16750.00	—	CMN	G1644T109
—	ENDO INTERNATIONAL PLC	56,000	$434M	0.4%	$7750.00	—	CMN	G30401106
INSW	INTERNATIONAL SEAWAYS INC	23,200	$428M	0.4%	$11.69	0.0%	CMN	Y41053102
—	MALLINCKRODT PLC	18,800	$424M	0.4%	$22560.00	—	CMN	G5785G107
—	IMPAX LABS	25,200	$420M	0.4%	$16650.00	—	CMN	45256B101
—	LANNETT CO INC	17,400	$404M	0.4%	$23200.00	—	CMN	516012101
AXP	AMERICAN EXPRESS CO. CMN	4,000	$397M	0.4%	$85.24	0.0%	CMN	025816109
—	A H BELO CORPORTAION SERIES A	82,600	$396M	0.4%	$4800.00	—	CMN - SERIES A	001282102
—	BRAVO BRIO RESTAURANT GROUP	144,255	$361M	0.3%	$2500.00	—	CMN	10567B109
TDW	TIDEWATER INC	14,000	$342M	0.3%	$26.19	0.0%	CMN	88642R109
—	KAMAN CORP CMN	5,300	$312M	0.3%	$58840.00	—	CMN	483548103
AGYS	AGILYSIS INC	25,335	$311M	0.3%	$12.23	0.0%	CMN	00847J105
ITGR	INTEGER HOLDINGS CORP	6,000	$272M	0.3%	$48.72	0.0%	CMN	45826H109
ACIW	ACI WORLDWIDE INC CMN	8,800	$199M	0.2%	$23.22	0.0%	CMN	004498101
—	Bob Evans Farms Inc.	2,500	$197M	0.2%	$78820.00	—	CMN	096761101
HBB	HAMILTON BEACH BRAND-A	7,376	$189M	0.2%	$26.23	0.0%	CMN - SERIES A	40701T104
—	LSC COMMUNICATIONS INC	12,000	$182M	0.2%	$15150.00	—	CMN	50218P107
NSIT	INSIGHT ENTERPRISES INC COM	4,000	$153M	0.1%	$40.89	0.0%	CMN	45765U103
VECO	Veeco Instruments Inc	10,000	$149M	0.1%	$17.22	0.0%	CMN	922417100
AZO	AUTOZONE INC	200	$142M	0.1%	$639.19	0.0%	CMN	053332102
EAT	BRINKER INTL	3,500	$136M	0.1%	$31.54	0.0%	CMN	109641100
—	CONSOL ENERGY INC	2,700	$107M	0.1%	$39510.00	—	CMN	20854L108
—	Big 5 Sporting Goods Corp	12,000	$91.2M	0.1%	$7600.00	—	CMN	08915P101
WTM	WHITE MOUNTAINS INSURANCE GRP	95	$80.87M	0.1%	$874.10	0.0%	CMN	G9618E107
BAC	BANK OF AMERICA CORP.	2,200	$64.94M	0.1%	$22.78	0.0%	CMN	060505104
—	XL CAPITAL LTD CL-A CMN CLASS A	1,500	$52.74M	0.0%	$35160.00	—	CMN - SERIES A	G98294104
—	GANNETT ORD SHS	3,000	$34.77M	0.0%	$11590.00	—	CMN	36473H104
—	TIVO INC CMN	2,000	$31.2M	0.0%	$15600.00	—	CMN	88870P106
—	CONTURA ENERGY INC	467	$27.73M	0.0%	$59379.02	—	CMN	21241B100
—	NABORS INDUSTRIES LTD. CMN	2,040	$13.93M	0.0%	$6829.90	—	CMN	G6359F103
—	MVC CAPITAL INC	1,106	$11.68M	0.0%	$10559.67	—	CMN	553829102