| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| American Airlines Group, Inc. | COM | 02376R102 | 98,617 | 2,693,718 | SH | | SOLE | 0 | 2,338,433 | 0 | 355,285 |
| Alliance Data Systems Corporation | COM | 018581108 | 13,210 | 61,576 | SH | | SOLE | 0 | 53,614 | 0 | 7,962 |
| American International Group, Inc. | COM | 026874784 | 105,260 | 1,773,838 | SH | | SOLE | 0 | 1,541,716 | 0 | 232,122 |
| AMERICAN INTERNATIONAL GROUP INC WARRANTS 2011-19. | CONV BONDS | 026874156 | 40,188 | 1,895,659 | PRN | | SOLE | 0 | 1,646,177 | 0 | 249,482 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 3,465 | 302,894 | SH | | SOLE | 0 | 264,186 | 0 | 38,708 |
| Amazon.com, Inc. | COM | 023135106 | 224,862 | 268,553 | SH | | SOLE | 0 | 233,627 | 0 | 34,926 |
| Anthem, Inc. | COM | 036752103 | 12,773 | 101,929 | SH | | SOLE | 0 | 88,561 | 0 | 13,368 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 | 18,805 | 424,486 | SH | | SOLE | 0 | 367,129 | 0 | 57,357 |
| American Express Company | COM | 025816109 | 39,670 | 619,464 | SH | | SOLE | 0 | 538,575 | 0 | 80,889 |
| Bank of America Corporation | COM | 060505104 | 75,446 | 4,820,848 | SH | | SOLE | 0 | 4,180,966 | 0 | 639,882 |
| BANK OF AMERICA CORP WARRANTS 2009-16.1.19 ON SHS | CONV BONDS | 060505146 | 22,784 | 4,931,612 | PRN | | SOLE | 0 | 4,262,189 | 0 | 669,423 |
| Liberty Braves Group - Class A | COM | 531229706 | 256 | 14,652 | SH | | SOLE | 0 | 12,473 | 0 | 2,179 |
| Liberty Braves Group - Class C | COM | 531229888 | 642 | 36,959 | SH | | SOLE | 0 | 32,025 | 0 | 4,934 |
| Belmond Ltd. Class A | COM | G1154H107 | 39,300 | 3,092,022 | SH | | SOLE | 0 | 2,686,793 | 0 | 405,229 |
| Sotheby s Class A | COM | 835898107 | 12,057 | 317,132 | SH | | SOLE | 0 | 275,685 | 0 | 41,447 |
| BAIDU, INC. SPONSORED ADR CLASS A | COM | 056752108 | 12,138 | 66,667 | SH | | SOLE | 0 | 57,668 | 0 | 8,999 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 13,153 | 80,294 | SH | | SOLE | 0 | 69,871 | 0 | 10,423 |
| TOPBUILD CORP. | COM | 89055F103 | 1,162 | 34,995 | SH | | SOLE | 0 | 30,393 | 0 | 4,602 |
| Bristol-Myers Squibb Company | COM | 110122108 | 9,507 | 176,321 | SH | | SOLE | 0 | 153,828 | 0 | 22,493 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 48,289 | 334,247 | SH | | SOLE | 0 | 290,069 | 0 | 44,178 |
| Boyd Gaming Corporation | COM | 103304101 | 5,910 | 298,763 | SH | | SOLE | 0 | 260,007 | 0 | 38,756 |
| Citigroup Inc. | COM | 172967424 | 95,081 | 2,013,158 | SH | | SOLE | 0 | 1,751,895 | 0 | 261,263 |
| Avis Budget Group, Inc. | COM | 053774105 | 5,619 | 164,251 | SH | | SOLE | 0 | 143,323 | 0 | 20,928 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 62,147 | 2,221,113 | SH | | SOLE | 0 | 1,926,588 | 0 | 294,525 |
| CF Industries Holdings, Inc. | COM | 125269100 | 3,082 | 126,566 | SH | | SOLE | 0 | 110,141 | 0 | 16,425 |
| Citizens Financial Group, Inc. | COM | 174610105 | 37,142 | 1,503,129 | SH | | SOLE | 0 | 1,303,999 | 0 | 199,130 |
| Charter Communications Inc. Class A | COM | 16119P108 | 8,773 | 32,497 | SH | | SOLE | 0 | 28,345 | 0 | 4,152 |
| COMMERCEHUB INC-SERIES C | COM | 20084V306 | 320 | 20,108 | SH | | SOLE | 0 | 17,495 | 0 | 2,613 |
| CoreLogic, Inc. | COM | 21871D103 | 20,352 | 518,908 | SH | | SOLE | 0 | 450,635 | 0 | 68,273 |
| COMCAST CORPORATION CLASS A | COM | 20030N101 | 33,448 | 504,185 | SH | | SOLE | 0 | 438,185 | 0 | 66,000 |
| Capital One Financial Corporation | COM | 14040H105 | 39,998 | 556,842 | SH | | SOLE | 0 | 483,576 | 0 | 73,266 |
| CAPITAL ONE FINANCIAL CORP WARRANTS 2009-14. | CONV BONDS | 14040H139 | 3,285 | 107,958 | PRN | | SOLE | 0 | 93,708 | 0 | 14,250 |
| Costco Wholesale Corporation | COM | 22160K105 | 79,305 | 520,001 | SH | | SOLE | 0 | 452,692 | 0 | 67,309 |
| Coty Inc. Class A | COM | 222070203 | 3,315 | 141,080 | SH | | SOLE | 0 | 122,745 | 0 | 18,335 |
| COPA HOLDINGS, S.A. CLASS A | COM | P31076105 | 6,806 | 77,404 | SH | | SOLE | 0 | 66,640 | 0 | 10,764 |
| Cisco Systems, Inc. | COM | 17275R102 | 3,803 | 119,888 | SH | | SOLE | 0 | 104,278 | 0 | 15,610 |
| CTRIP.COM INTERNATIONAL LTD. SPONSORED ADR | COM | 22943F100 | 4,558 | 97,883 | SH | | SOLE | 0 | 84,684 | 0 | 13,199 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 11,637 | 243,903 | SH | | SOLE | 0 | 211,642 | 0 | 32,261 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 43,233 | 5,445,001 | SH | | SOLE | 0 | 4,732,340 | 0 | 712,661 |
| Delta Air Lines, Inc. | COM | 247361702 | 68,364 | 1,736,884 | SH | | SOLE | 0 | 1,508,213 | 0 | 228,671 |
| Discovery Communications, Inc. Class A | COM | 25470F104 | 17,706 | 657,719 | SH | | SOLE | 0 | 572,237 | 0 | 85,482 |
| Delphi Automotive PLC | COM | G27823106 | 11,815 | 165,660 | SH | | SOLE | 0 | 144,024 | 0 | 21,636 |
| NOW Inc | COM | 67011P100 | 14,669 | 684,497 | SH | | SOLE | 0 | 594,560 | 0 | 89,937 |
| DOW CHEMICAL COMPANY | COM | 260543103 | 9,648 | 186,144 | SH | | SOLE | 0 | 162,087 | 0 | 24,057 |
| eBay Inc. | COM | 278642103 | 27,247 | 828,176 | SH | | SOLE | 0 | 719,896 | 0 | 108,280 |
| Estee Lauder Companies Inc. Class A | COM | 518439104 | 8,974 | 101,330 | SH | | SOLE | 0 | 87,957 | 0 | 13,373 |
| EPAM Systems, Inc. | COM | 29414B104 | 16,392 | 236,497 | SH | | SOLE | 0 | 204,744 | 0 | 31,753 |
| ISHARES MSCI SOUTH KOREA CAP ETF | COM | 464286772 | 2,834 | 48,751 | SH | | SOLE | 0 | 48,751 | 0 | 0 |
| Ford Motor Company | COM | 345370860 | 24,972 | 2,068,910 | SH | | SOLE | 0 | 1,796,842 | 0 | 272,068 |
| FIRSTCASH INC. | COM | 33767D105 | 4,574 | 97,149 | SH | | SOLE | 0 | 84,126 | 0 | 13,023 |
| FREEPORT-MCMORAN, INC. | COM | 35671D857 | 3,174 | 292,263 | SH | | SOLE | 0 | 252,922 | 0 | 39,341 |
| Fluor Corporation | COM | 343412102 | 2,329 | 45,391 | SH | | SOLE | 0 | 39,457 | 0 | 5,934 |
| Federal National Mortgage Association | COM | 313586109 | 648 | 383,390 | SH | | SOLE | 0 | 333,531 | 0 | 49,859 |
| Graco Inc. | COM | 384109104 | 13,096 | 176,970 | SH | | SOLE | 0 | 154,134 | 0 | 22,836 |
| CORNING INCORPORATED | COM | 219350105 | 3,282 | 138,776 | SH | | SOLE | 0 | 120,686 | 0 | 18,090 |
| Alphabet Inc. Class C | COM | 02079K107 | 100,134 | 128,825 | SH | | SOLE | 0 | 111,662 | 0 | 17,163 |
| Alphabet Inc. Class A | COM | 02079K305 | 6,980 | 8,681 | SH | | SOLE | 0 | 7,572 | 0 | 1,109 |
| Garmin Ltd. | COM | H2906T109 | 10,379 | 215,728 | SH | | SOLE | 0 | 187,900 | 0 | 27,828 |
| FERROGLOBE PLC | COM | G33856108 | 2,183 | 241,782 | SH | | SOLE | 0 | 210,361 | 0 | 31,421 |
| Halliburton Company | COM | 406216101 | 2,532 | 56,406 | SH | | SOLE | 0 | 49,047 | 0 | 7,359 |
| Huntington Bancshares Incorporated | COM | 446150104 | 6,180 | 626,734 | SH | | SOLE | 0 | 546,744 | 0 | 79,990 |
| Hanesbrands Inc. | COM | 410345102 | 14,617 | 578,896 | SH | | SOLE | 0 | 505,105 | 0 | 73,791 |
| Hackett Group, Inc. | COM | 404609109 | 17,221 | 1,042,432 | SH | | SOLE | 0 | 908,257 | 0 | 134,175 |
| HARLEY-DAVIDSON, INC. | COM | 412822108 | 3,775 | 71,781 | SH | | SOLE | 0 | 62,214 | 0 | 9,567 |
| HEWLETT PACKARD ENTERPRISE CO. | COM | 42824C109 | 24,272 | 1,066,902 | SH | | SOLE | 0 | 928,256 | 0 | 138,646 |
| HP Inc | COM | 40434L105 | 4,596 | 295,946 | SH | | SOLE | 0 | 258,312 | 0 | 37,634 |
| Herc Holdings Inc | COM | 42704L104 | 554 | 16,428 | SH | | SOLE | 0 | 14,336 | 0 | 2,092 |
| Hertz Global Holdings | COM | 42806J106 | 1,987 | 49,480 | SH | | SOLE | 0 | 43,199 | 0 | 6,281 |
| iHeartMedia, Inc. Class A | COM | 45174J103 | 637 | 439,344 | SH | | SOLE | 0 | 383,125 | 0 | 56,219 |
| INTERVAL LEISURE GROUP INC. | COM | 46113M108 | 2,090 | 121,746 | SH | | SOLE | 0 | 105,805 | 0 | 15,941 |
| iShares MSCI India ETF | COM | 46429B598 | 17,764 | 604,024 | SH | | SOLE | 0 | 477,827 | 0 | 126,197 |
| Intel Corporation | COM | 458140100 | 21,316 | 564,657 | SH | | SOLE | 0 | 492,046 | 0 | 72,611 |
| Gartner, Inc. | COM | 366651107 | 13,800 | 156,024 | SH | | SOLE | 0 | 136,260 | 0 | 19,764 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 25,964 | 995,155 | SH | | SOLE | 0 | 860,623 | 0 | 134,532 |
| JPMorgan Chase & Co. | COM | 46625H100 | 12,434 | 186,725 | SH | | SOLE | 0 | 162,503 | 0 | 24,222 |
| JPMORGAN CHASE & CO WARRANTS 2009-28.10.18 ON SHS | CONV BONDS | 46634E114 | 5,018 | 203,725 | PRN | | SOLE | 0 | 176,993 | 0 | 26,732 |
| KKR & Co. L.P. | COM | 48248M102 | 11,550 | 809,942 | SH | | SOLE | 0 | 703,913 | 0 | 106,029 |
| Kroger Co. | COM | 501044101 | 8,679 | 292,404 | SH | | SOLE | 0 | 253,774 | 0 | 38,630 |
| Kansas City Southern | COM | 485170302 | 6,523 | 69,900 | SH | | SOLE | 0 | 60,667 | 0 | 9,233 |
| Loews Corporation | COM | 540424108 | 6,287 | 152,778 | SH | | SOLE | 0 | 133,284 | 0 | 19,494 |
| Lazard Ltd Class A | COM | G54050102 | 33,723 | 927,468 | SH | | SOLE | 0 | 806,588 | 0 | 120,880 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 7,661 | 109,194 | SH | | SOLE | 0 | 94,741 | 0 | 14,453 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 6,621 | 92,624 | SH | | SOLE | 0 | 79,958 | 0 | 12,666 |
| Liberty Global Plc Class A | COM | G5480U104 | 50,563 | 1,479,320 | SH | | SOLE | 0 | 1,284,336 | 0 | 194,984 |
| Liberty Global Plc Class C | COM | G5480U120 | 49,268 | 1,491,171 | SH | | SOLE | 0 | 1,294,088 | 0 | 197,083 |
| Liberty Lilac Group Class A | COM | G5480U138 | 10,990 | 398,336 | SH | | SOLE | 0 | 345,145 | 0 | 53,191 |
| Liberty LiLAC Group Class C | COM | G5480U153 | 7,342 | 261,761 | SH | | SOLE | 0 | 226,956 | 0 | 34,805 |
| Liberty Media Corp - A | COM | 531229870 | 1,119 | 39,075 | SH | | SOLE | 0 | 34,064 | 0 | 5,011 |
| Liberty Media Corp - C | COM | 531229854 | 1,406 | 49,956 | SH | | SOLE | 0 | 43,534 | 0 | 6,422 |
| Lowe s Companies, Inc. | COM | 548661107 | 17,888 | 247,725 | SH | | SOLE | 0 | 215,376 | 0 | 32,349 |
| Louisiana-Pacific Corporation | COM | 546347105 | 3,733 | 198,244 | SH | | SOLE | 0 | 172,427 | 0 | 25,817 |
| LIBERTY SIRIUSXM GROUP CLASS A | COM | 531229409 | 10,158 | 298,947 | SH | | SOLE | 0 | 259,435 | 0 | 39,512 |
| LIBERTY SIRIUSXM GROUP CLASS C | COM | 531229607 | 8,394 | 251,238 | SH | | SOLE | 0 | 218,154 | 0 | 33,084 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 5,375 | 246,001 | SH | | SOLE | 0 | 212,774 | 0 | 33,227 |
| Leucadia National Corporation | COM | 527288104 | 1,895 | 99,538 | SH | | SOLE | 0 | 86,557 | 0 | 12,981 |
| Level 3 Communications, Inc. | COM | 52729N308 | 25,711 | 554,364 | SH | | SOLE | 0 | 481,975 | 0 | 72,389 |
| Liberty Interactive Corporation Ventures Series A | COM | 53071M880 | 3,860 | 96,804 | SH | | SOLE | 0 | 84,236 | 0 | 12,568 |
| LYONDELLBASELL INDUSTRIES NV | COM | N53745100 | 5,296 | 65,662 | SH | | SOLE | 0 | 56,857 | 0 | 8,805 |
| Masco Corporation | COM | 574599106 | 10,967 | 319,633 | SH | | SOLE | 0 | 278,128 | 0 | 41,505 |
| MBIA Inc. | COM | 55262C100 | 44,154 | 5,668,058 | SH | | SOLE | 0 | 4,923,542 | 0 | 744,516 |
| Moodys Corporation | COM | 615369105 | 3,611 | 33,348 | SH | | SOLE | 0 | 28,871 | 0 | 4,477 |
| MGM Resorts International | COM | 552953101 | 49,539 | 1,903,142 | SH | | SOLE | 0 | 1,648,800 | 0 | 254,342 |
| Mohawk Industries, Inc. | COM | 608190104 | 14,566 | 72,705 | SH | | SOLE | 0 | 63,359 | 0 | 9,346 |
| Macquarie Infrastructure Company LLC | COM | 55608B105 | 7,679 | 92,251 | SH | | SOLE | 0 | 80,152 | 0 | 12,099 |
| MARKEL CORPORATION | COM | 570535104 | 13,890 | 14,955 | SH | | SOLE | 0 | 12,945 | 0 | 2,010 |
| Altria Group, Inc. | COM | 02209S103 | 16,073 | 254,202 | SH | | SOLE | 0 | 220,102 | 0 | 34,100 |
| MOSAIC COMPANY | COM | 61945C103 | 3,897 | 159,319 | SH | | SOLE | 0 | 138,041 | 0 | 21,278 |
| Morgan Stanley | COM | 617446448 | 13,620 | 424,825 | SH | | SOLE | 0 | 369,523 | 0 | 55,302 |
| Microsoft Corporation | COM | 594918104 | 16,929 | 293,914 | SH | | SOLE | 0 | 256,081 | 0 | 37,833 |
| Micron Technology, Inc. | COM | 595112103 | 31,603 | 1,777,422 | SH | | SOLE | 0 | 1,543,371 | 0 | 234,051 |
| INGEVITY CORP | COM | 45688C107 | 922 | 19,994 | SH | | SOLE | 0 | 17,522 | 0 | 2,472 |
| NII HOLDINGS, INC ORD SHARES | COM | 62913F508 | 2,784 | 835,945 | SH | | SOLE | 0 | 725,124 | 0 | 110,821 |
| Blue Nile, Inc. | COM | 09578R103 | 7,168 | 208,243 | SH | | SOLE | 0 | 181,451 | 0 | 26,792 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 23,473 | 97,487 | SH | | SOLE | 0 | 84,538 | 0 | 12,949 |
| Priceline Group Inc | COM | 741503403 | 66,598 | 45,259 | SH | | SOLE | 0 | 39,382 | 0 | 5,877 |
| POPEYES LOUISIANA KITCHEN, INC. | COM | 732872106 | 3,944 | 74,220 | SH | | SOLE | 0 | 64,167 | 0 | 10,053 |
| Philip Morris International Inc. | COM | 718172109 | 11,655 | 119,887 | SH | | SOLE | 0 | 103,929 | 0 | 15,958 |
| PNC FINANCIAL SERVICES GROUP INC WARRANTS 2010-31. | CONV BONDS | 693475121 | 6,977 | 297,007 | PRN | | SOLE | 0 | 258,297 | 0 | 38,710 |
| PriceSmart, Inc. | COM | 741511109 | 4,535 | 54,144 | SH | | SOLE | 0 | 46,920 | 0 | 7,224 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 | 53,468 | 1,305,054 | SH | | SOLE | 0 | 1,132,716 | 0 | 172,338 |
| PAPA JOHN`S INTERNATIONAL, INC. | COM | 698813102 | 5,321 | 67,480 | SH | | SOLE | 0 | 58,358 | 0 | 9,122 |
| Liberty Interactive Corporation QVC Group | COM | 53071M104 | 11,490 | 574,214 | SH | | SOLE | 0 | 500,330 | 0 | 73,884 |
| RALPH LAUREN CORPORATION CLASS A | COM | 751212101 | 10,623 | 105,030 | SH | | SOLE | 0 | 91,260 | 0 | 13,770 |
| Raytheon Company | COM | 755111507 | 8,556 | 62,855 | SH | | SOLE | 0 | 54,718 | 0 | 8,137 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 3,850 | 51,318 | SH | | SOLE | 0 | 43,371 | 0 | 7,947 |
| SOUTHERN COPPER CORPORATION | COM | 84265V105 | 6,267 | 238,285 | SH | | SOLE | 0 | 206,241 | 0 | 32,044 |
| Charles Schwab Corporation | COM | 808513105 | 21,659 | 686,063 | SH | | SOLE | 0 | 594,292 | 0 | 91,771 |
| Sherwin-Williams Company | COM | 824348106 | 23,839 | 86,166 | SH | | SOLE | 0 | 74,903 | 0 | 11,263 |
| Signet Jewelers Limited | COM | G81276100 | 8,107 | 108,780 | SH | | SOLE | 0 | 94,651 | 0 | 14,129 |
| SL Green Realty Corp. | COM | 78440X101 | 40,821 | 377,621 | SH | | SOLE | 0 | 327,375 | 0 | 50,246 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 11,907 | 142,992 | SH | | SOLE | 0 | 124,743 | 0 | 18,249 |
| Starz Inc Class A | COM | 85571Q102 | 1,199 | 38,426 | SH | | SOLE | 0 | 33,318 | 0 | 5,108 |
| Seagate Technology PLC | COM | G7945M107 | 14,709 | 381,566 | SH | | SOLE | 0 | 331,661 | 0 | 49,905 |
| Synchrony Financial | COM | 87165B103 | 38,693 | 1,381,898 | SH | | SOLE | 0 | 1,200,672 | 0 | 181,226 |
| ISHARES MSCI THAILAND CAPPED ETF | COM | 464286624 | 4,569 | 62,150 | SH | | SOLE | 0 | 62,150 | 0 | 0 |
| THOR INDUSTRIES, INC. | COM | 885160101 | 2,857 | 33,729 | SH | | SOLE | 0 | 29,308 | 0 | 4,421 |
| Tribune Media Co. Class A | COM | 896047503 | 9,549 | 261,473 | SH | | SOLE | 0 | 227,208 | 0 | 34,265 |
| TripAdvisor, Inc. | COM | 896945201 | 11,463 | 181,441 | SH | | SOLE | 0 | 157,638 | 0 | 23,803 |
| Tronc Inc | COM | 89703P107 | 728 | 43,136 | SH | | SOLE | 0 | 37,561 | 0 | 5,575 |
| Tractor Supply Company | COM | 892356106 | 29,446 | 437,207 | SH | | SOLE | 0 | 380,348 | 0 | 56,859 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 42,165 | 1,378,403 | SH | | SOLE | 0 | 1,198,524 | 0 | 179,879 |
| Tesoro Corporation | COM | 881609101 | 5,653 | 71,055 | SH | | SOLE | 0 | 61,673 | 0 | 9,382 |
| ISHARES MSCI TURKEY ETF | COM | 464286715 | 2,285 | 60,349 | SH | | SOLE | 0 | 60,349 | 0 | 0 |
| TWITTER, INC. | COM | 90184L102 | 6,263 | 271,695 | SH | | SOLE | 0 | 235,293 | 0 | 36,402 |
| TEXAS INSTRUMENTS INCORPORATED | COM | 882508104 | 5,655 | 80,574 | SH | | SOLE | 0 | 70,051 | 0 | 10,523 |
| United Continental Holdings, Inc. | COM | 910047109 | 23,440 | 446,734 | SH | | SOLE | 0 | 387,177 | 0 | 59,557 |
| NET 1 UEPS TECHNOLOGIES, INC. | COM | 64107N206 | 1,959 | 228,861 | SH | | SOLE | 0 | 198,574 | 0 | 30,287 |
| UNION PACIFIC CORPORATION | COM | 907818108 | 24,641 | 252,655 | SH | | SOLE | 0 | 219,396 | 0 | 33,259 |
| USG Corporation | COM | 903293405 | 5,424 | 209,826 | SH | | SOLE | 0 | 182,604 | 0 | 27,222 |
| VIPSHOP HOLDINGS LTD SPONSORED ADR | COM | 92763W103 | 5,383 | 366,972 | SH | | SOLE | 0 | 318,225 | 0 | 48,747 |
| Verisk Analytics, Inc. Class A | COM | 92345Y106 | 11,504 | 141,538 | SH | | SOLE | 0 | 122,883 | 0 | 18,655 |
| Verizon Communications Inc. | COM | 92343V104 | 5,949 | 114,449 | SH | | SOLE | 0 | 99,442 | 0 | 15,007 |
| Walgreens Boots Alliance Inc | COM | 931427108 | 1,968 | 24,411 | SH | | SOLE | 0 | 21,238 | 0 | 3,173 |
| Western Digital Corporation | COM | 958102105 | 13,148 | 224,859 | SH | | SOLE | 0 | 195,361 | 0 | 29,498 |
| Wells Fargo & Company | COM | 949746101 | 39,677 | 896,050 | SH | | SOLE | 0 | 777,023 | 0 | 119,027 |
| WELLS FARGO & CO WARRANTS 2010-28.10.18 ON SHS | CONV BONDS | 949746119 | 3,140 | 251,585 | PRN | | SOLE | 0 | 217,802 | 0 | 33,783 |
| WHIRLPOOL CORPORATION | COM | 963320106 | 4,172 | 25,726 | SH | | SOLE | 0 | 22,372 | 0 | 3,354 |
| WILLIS TOWERS WATSON PLC | COM | G96629103 | 31,730 | 238,988 | SH | | SOLE | 0 | 208,034 | 0 | 30,954 |
| WESTROCK CO. | COM | 96145D105 | 5,695 | 117,480 | SH | | SOLE | 0 | 102,688 | 0 | 14,792 |
| WILLIAMS-SONOMA, INC. | COM | 969904101 | 3,808 | 74,540 | SH | | SOLE | 0 | 64,541 | 0 | 9,999 |
