| 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 |
| Alcoa Corp. | COM | 013872106 | 12,138 | 431,044 | SH | | SOLE | 0 | 369,451 | 0 | 61,593 |
| Altaba Inc. | COM | 021346101 | 25,976 | 350,464 | SH | | SOLE | 0 | 300,471 | 0 | 49,993 |
| American Airlines Group, Inc. | COM | 02376R102 | 73,176 | 2,304,044 | SH | | SOLE | 0 | 1,973,964 | 0 | 330,080 |
| Advance Auto Parts, Inc. | COM | 00751Y106 | 6,417 | 37,629 | SH | | SOLE | 0 | 32,106 | 0 | 5,523 |
| Adient plc | COM | G0084W101 | 8,201 | 632,771 | SH | | SOLE | 0 | 541,949 | 0 | 90,822 |
| Alliance Data Systems Corporation | COM | 018581108 | 7,895 | 45,119 | SH | | SOLE | 0 | 38,670 | 0 | 6,449 |
| American International Group, Inc. | COM | 026874784 | 63,891 | 1,483,777 | SH | | SOLE | 0 | 1,271,250 | 0 | 212,527 |
| American International Group, Inc. Warrants 2011-1 | CONV BONDS | 026874156 | 22,388 | 3,990,648 | PRN | | SOLE | 0 | 3,416,520 | 0 | 574,128 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 5,139 | 359,851 | SH | | SOLE | 0 | 308,310 | 0 | 51,541 |
| Amazon.com, Inc. | COM | 023135106 | 249,426 | 140,068 | SH | | SOLE | 0 | 119,949 | 0 | 20,119 |
| Anthem, Inc. | COM | 036752103 | 32,431 | 113,008 | SH | | SOLE | 0 | 96,675 | 0 | 16,333 |
| Apache Corporation | COM | 037411105 | 3,342 | 96,412 | SH | | SOLE | 0 | 82,554 | 0 | 13,858 |
| Altice USA, Inc. Class A | COM | 02156K103 | 4,670 | 217,391 | SH | | SOLE | 0 | 185,973 | 0 | 31,418 |
| Activision Blizzard, Inc. | COM | 00507V109 | 19,490 | 428,074 | SH | | SOLE | 0 | 366,452 | 0 | 61,622 |
| Broadcom Inc. | COM | 11135F101 | 11,817 | 39,297 | SH | | SOLE | 0 | 33,632 | 0 | 5,665 |
| American Express Company | COM | 025816109 | 60,686 | 555,228 | SH | | SOLE | 0 | 475,637 | 0 | 79,591 |
| Alibaba Group Holding Ltd. Sponsored ADR | COM | 01609W102 | 3,441 | 18,860 | SH | | SOLE | 0 | 15,882 | 0 | 2,978 |
| Bank of America Corp | COM | 060505104 | 210,893 | 7,643,834 | SH | | SOLE | 0 | 6,543,239 | 0 | 1,100,595 |
| Belmond Ltd. Class A | COM | G1154H107 | 51,467 | 2,064,479 | SH | | SOLE | 0 | 1,774,130 | 0 | 290,349 |
| Sotheby s | COM | 835898107 | 9,583 | 253,863 | SH | | SOLE | 0 | 217,691 | 0 | 36,172 |
| Baidu, Inc. Sponsored ADR Class A | COM | 056752108 | 14,136 | 85,750 | SH | | SOLE | 0 | 73,329 | 0 | 12,421 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 30,675 | 100,349 | SH | | SOLE | 0 | 85,635 | 0 | 14,714 |
| Booking Holdings Inc. | COM | 09857L108 | 82,461 | 47,258 | SH | | SOLE | 0 | 40,485 | 0 | 6,773 |
| TopBuild Corp. | COM | 89055F103 | 2,992 | 46,162 | SH | | SOLE | 0 | 39,526 | 0 | 6,636 |
| Bristol-Myers Squibb Company | COM | 110122108 | 9,683 | 202,961 | SH | | SOLE | 0 | 174,139 | 0 | 28,822 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 77,928 | 387,912 | SH | | SOLE | 0 | 332,171 | 0 | 55,741 |
| Peabody Energy Corporation | COM | 704551100 | 37,490 | 1,323,330 | SH | | SOLE | 0 | 1,129,605 | 0 | 193,725 |
| Citigroup Inc. | COM | 172967424 | 139,394 | 2,240,348 | SH | | SOLE | 0 | 1,917,538 | 0 | 322,810 |
| Avis Budget Group, Inc. | COM | 053774105 | 6,621 | 189,921 | SH | | SOLE | 0 | 162,903 | 0 | 27,018 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 106,191 | 2,147,451 | SH | | SOLE | 0 | 1,841,193 | 0 | 306,258 |
| Citizens Financial Group, Inc. | COM | 174610105 | 33,788 | 1,039,636 | SH | | SOLE | 0 | 890,180 | 0 | 149,456 |
| Charter Communications, Inc. Class A | COM | 16119P108 | 10,250 | 29,547 | SH | | SOLE | 0 | 25,334 | 0 | 4,213 |
| CoreLogic, Inc. | COM | 21871D103 | 15,111 | 405,560 | SH | | SOLE | 0 | 347,162 | 0 | 58,398 |
| CME Group Inc. Class A | COM | 12572Q105 | 1,816 | 11,033 | SH | | SOLE | 0 | 9,600 | 0 | 1,433 |
| Capital One Financial Corporation | COM | 14040H105 | 43,766 | 535,754 | SH | | SOLE | 0 | 458,623 | 0 | 77,131 |
| ConocoPhillips | COM | 20825C104 | 6,839 | 102,467 | SH | | SOLE | 0 | 88,072 | 0 | 14,395 |
| Costco Wholesale Corporation | COM | 22160K105 | 127,191 | 525,279 | SH | | SOLE | 0 | 449,855 | 0 | 75,424 |
| Coty Inc. Class A | COM | 222070203 | 2,156 | 187,472 | SH | | SOLE | 0 | 161,257 | 0 | 26,215 |
| CenturyLink, Inc. | COM | 156700106 | 11,128 | 928,103 | SH | | SOLE | 0 | 794,454 | 0 | 133,649 |
| Ctrip.com International Ltd Sponsored ADR | COM | 22943F100 | 5,504 | 125,979 | SH | | SOLE | 0 | 107,326 | 0 | 18,653 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 23,014 | 317,656 | SH | | SOLE | 0 | 271,868 | 0 | 45,788 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 39,428 | 8,497,333 | SH | | SOLE | 0 | 7,274,646 | 0 | 1,222,687 |
| Caesars Entertainment Corporation | COM | 127686103 | 10,996 | 1,265,353 | SH | | SOLE | 0 | 1,081,389 | 0 | 183,964 |
| Delta Air Lines, Inc. | COM | 247361702 | 96,889 | 1,875,880 | SH | | SOLE | 0 | 1,606,792 | 0 | 269,088 |
| DHT Holdings, Inc. | COM | Y2065G121 | 15,020 | 3,367,748 | SH | | SOLE | 0 | 2,888,800 | 0 | 478,948 |
| Discovery, Inc. Class A | COM | 25470F104 | 8,470 | 313,485 | SH | | SOLE | 0 | 268,704 | 0 | 44,781 |
| NOW Inc. | COM | 67011P100 | 12,241 | 876,851 | SH | | SOLE | 0 | 750,747 | 0 | 126,104 |
| Diana Shipping Inc. | COM | Y2066G104 | 14,887 | 5,279,180 | SH | | SOLE | 0 | 4,521,194 | 0 | 757,986 |
| DowDuPont Inc. | COM | 26078J100 | 16,886 | 316,747 | SH | | SOLE | 0 | 271,486 | 0 | 45,261 |
| DXC Technology Co. | COM | 23355L106 | 14,902 | 231,725 | SH | | SOLE | 0 | 198,303 | 0 | 33,422 |
| eBay Inc. | COM | 278642103 | 12,477 | 335,939 | SH | | SOLE | 0 | 287,918 | 0 | 48,021 |
| EPAM Systems, Inc. | COM | 29414B104 | 37,669 | 222,723 | SH | | SOLE | 0 | 190,697 | 0 | 32,026 |
| Ensco plc Class A | COM | G3157S106 | 9,885 | 2,515,276 | SH | | SOLE | 0 | 2,151,484 | 0 | 363,792 |
| Ford Motor Company | COM | 345370860 | 17,581 | 2,002,342 | SH | | SOLE | 0 | 1,713,899 | 0 | 288,443 |
| FirstCash, Inc. | COM | 33767D105 | 16,841 | 194,697 | SH | | SOLE | 0 | 166,592 | 0 | 28,105 |
| Freeport-McMoRan, Inc. | COM | 35671D857 | 12,549 | 973,565 | SH | | SOLE | 0 | 829,615 | 0 | 143,950 |
| Fluor Corporation | COM | 343412102 | 2,261 | 61,448 | SH | | SOLE | 0 | 52,713 | 0 | 8,735 |
| Federal National Mortgage Association | COM | 313586109 | 1,493 | 533,227 | SH | | SOLE | 0 | 457,908 | 0 | 75,319 |
| Liberty Media Corporation Series A Liberty Formula | COM | 531229870 | 1,545 | 45,376 | SH | | SOLE | 0 | 38,424 | 0 | 6,952 |
| Liberty Media Corporation Series C Liberty Formula | COM | 531229854 | 2,046 | 58,375 | SH | | SOLE | 0 | 50,119 | 0 | 8,256 |
| Graco Inc. | COM | 384109104 | 14,536 | 293,545 | SH | | SOLE | 0 | 251,442 | 0 | 42,103 |
| GCI Liberty, Inc. Class A | COM | 36164V305 | 3,806 | 68,449 | SH | | SOLE | 0 | 58,554 | 0 | 9,895 |
| Golar LNG Limited | COM | G9456A100 | 6,857 | 325,122 | SH | | SOLE | 0 | 277,890 | 0 | 47,232 |
| Corning Inc | COM | 219350105 | 6,133 | 185,275 | SH | | SOLE | 0 | 158,638 | 0 | 26,637 |
| Alphabet Inc. Class C | COM | 02079K107 | 134,148 | 114,333 | SH | | SOLE | 0 | 97,844 | 0 | 16,489 |
| Alphabet Inc. Class A | COM | 02079K305 | 13,740 | 11,675 | SH | | SOLE | 0 | 9,937 | 0 | 1,738 |
| Garmin Ltd. | COM | H2906T109 | 21,322 | 246,929 | SH | | SOLE | 0 | 211,811 | 0 | 35,118 |
| Ferroglobe PLC | COM | G33856108 | 1,514 | 738,577 | SH | | SOLE | 0 | 632,024 | 0 | 106,553 |
| Halliburton Company | COM | 406216101 | 2,213 | 75,542 | SH | | SOLE | 0 | 64,492 | 0 | 11,050 |
| Huntington Bancshares Incorporated | COM | 446150104 | 4,460 | 351,728 | SH | | SOLE | 0 | 301,222 | 0 | 50,506 |
| Hanesbrands Inc. | COM | 410345102 | 17,661 | 987,730 | SH | | SOLE | 0 | 846,135 | 0 | 141,595 |
| Warrior Met Coal, Inc. | COM | 93627C101 | 5,420 | 178,294 | SH | | SOLE | 0 | 154,940 | 0 | 23,354 |
| Hackett Group, Inc. | COM | 404609109 | 18,958 | 1,199,869 | SH | | SOLE | 0 | 1,025,164 | 0 | 174,705 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 5,324 | 345,020 | SH | | SOLE | 0 | 294,865 | 0 | 50,155 |
| HP Inc. | COM | 40434L105 | 6,647 | 342,078 | SH | | SOLE | 0 | 294,301 | 0 | 47,777 |
| Hertz Global Holdings, Inc. | COM | 42806J106 | 1,001 | 57,615 | SH | | SOLE | 0 | 50,070 | 0 | 7,545 |
| iHeartMedia, Inc. Class A | COM | 45174J103 | 374 | 349,766 | SH | | SOLE | 0 | 335,114 | 0 | 14,652 |
| iShares MSCI India ETF | COM | 46429B598 | 27,324 | 775,162 | SH | | SOLE | 0 | 775,162 | 0 | 0 |
| International Seaways, Inc. | COM | Y41053102 | 6,924 | 403,947 | SH | | SOLE | 0 | 345,818 | 0 | 58,129 |
| Intel Corporation | COM | 458140100 | 17,325 | 322,627 | SH | | SOLE | 0 | 276,640 | 0 | 45,987 |
| Gartner, Inc. | COM | 366651107 | 27,416 | 180,749 | SH | | SOLE | 0 | 155,010 | 0 | 25,739 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 51,121 | 1,695,541 | SH | | SOLE | 0 | 1,449,649 | 0 | 245,892 |
| Jefferies Financial Group Inc. | COM | 47233W109 | 18,855 | 1,003,459 | SH | | SOLE | 0 | 859,363 | 0 | 144,096 |
| JPMorgan Chase & Co. | COM | 46625H100 | 40,742 | 402,465 | SH | | SOLE | 0 | 344,229 | 0 | 58,236 |
| KKR & Co. Inc. Class A | COM | 48251W104 | 18,330 | 780,316 | SH | | SOLE | 0 | 668,116 | 0 | 112,200 |
| KLA-Tencor Corporation | COM | 482480100 | 7,171 | 60,051 | SH | | SOLE | 0 | 51,457 | 0 | 8,594 |
| Kroger Co. | COM | 501044101 | 34,435 | 1,399,779 | SH | | SOLE | 0 | 1,198,445 | 0 | 201,334 |
| Kansas City Southern | COM | 485170302 | 16,066 | 138,528 | SH | | SOLE | 0 | 118,436 | 0 | 20,092 |
| KT Corporation Sponsored ADR | COM | 48268K101 | 553 | 44,483 | SH | | SOLE | 0 | 44,483 | 0 | 0 |
| Loews Corporation | COM | 540424108 | 9,161 | 191,142 | SH | | SOLE | 0 | 163,944 | 0 | 27,198 |
| Lazard Ltd Class A | COM | G54050102 | 33,091 | 915,646 | SH | | SOLE | 0 | 784,653 | 0 | 130,993 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 441 | 4,808 | SH | | SOLE | 0 | 4,083 | 0 | 725 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 7,193 | 78,406 | SH | | SOLE | 0 | 66,542 | 0 | 11,864 |
| Liberty Global Plc Class A | COM | G5480U104 | 28,371 | 1,138,468 | SH | | SOLE | 0 | 972,715 | 0 | 165,753 |
| Liberty Global Plc Class C | COM | G5480U120 | 29,082 | 1,201,241 | SH | | SOLE | 0 | 1,027,046 | 0 | 174,195 |
| Lear Corporation | COM | 521865204 | 4,769 | 35,139 | SH | | SOLE | 0 | 30,039 | 0 | 5,100 |
| Liberty Expedia Holdings Inc Class A | COM | 53046P109 | 455 | 10,641 | SH | | SOLE | 0 | 8,989 | 0 | 1,652 |
| Lions Gate Entertainment Corp Class B | COM | 535919500 | 378 | 25,001 | SH | | SOLE | 0 | 21,443 | 0 | 3,558 |
| Liberty Latin America Ltd. Class A | COM | G9001E102 | 5,395 | 278,946 | SH | | SOLE | 0 | 236,613 | 0 | 42,333 |
| Liberty Latin America Ltd. Class C | COM | G9001E128 | 7,496 | 385,407 | SH | | SOLE | 0 | 327,940 | 0 | 57,467 |
| LivaNova Plc | COM | G5509L101 | 30,426 | 312,867 | SH | | SOLE | 0 | 267,524 | 0 | 45,343 |
| Lowe s Companies, Inc. | COM | 548661107 | 7,109 | 64,938 | SH | | SOLE | 0 | 55,453 | 0 | 9,485 |
| Louisiana-Pacific Corporation | COM | 546347105 | 6,491 | 266,229 | SH | | SOLE | 0 | 227,421 | 0 | 38,808 |
| Lam Research Corporation | COM | 512807108 | 3,774 | 21,081 | SH | | SOLE | 0 | 18,030 | 0 | 3,051 |
| Liberty Media Corp. Series A Liberty SiriusXM | COM | 531229409 | 10,241 | 268,240 | SH | | SOLE | 0 | 228,787 | 0 | 39,453 |
| Liberty Media Corp. Series C Liberty SiriusXM | COM | 531229607 | 13,168 | 344,355 | SH | | SOLE | 0 | 294,783 | 0 | 49,572 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 4,465 | 314,692 | SH | | SOLE | 0 | 267,856 | 0 | 46,836 |
| LyondellBasell Industries NV | COM | N53745100 | 7,077 | 84,166 | SH | | SOLE | 0 | 72,263 | 0 | 11,903 |
| Masco Corporation | COM | 574599106 | 12,624 | 321,145 | SH | | SOLE | 0 | 274,903 | 0 | 46,242 |
| MBIA Inc. | COM | 55262C100 | 36,524 | 3,836,517 | SH | | SOLE | 0 | 3,292,281 | 0 | 544,236 |
| McKesson Corporation | COM | 58155Q103 | 6,068 | 51,838 | SH | | SOLE | 0 | 44,338 | 0 | 7,500 |
| Moody s Corporation | COM | 615369105 | 5,250 | 28,993 | SH | | SOLE | 0 | 24,798 | 0 | 4,195 |
| Micro Focus International plc Sponsored ADR | COM | 594837304 | 11,777 | 456,666 | SH | | SOLE | 0 | 391,339 | 0 | 65,327 |
| MGM Resorts International | COM | 552953101 | 51,645 | 2,012,674 | SH | | SOLE | 0 | 1,723,112 | 0 | 289,562 |
| Mohawk Industries, Inc. | COM | 608190104 | 14,175 | 112,368 | SH | | SOLE | 0 | 96,327 | 0 | 16,041 |
| Markel Corporation | COM | 570535104 | 19,183 | 19,255 | SH | | SOLE | 0 | 16,452 | 0 | 2,803 |
| Altria Group Inc | COM | 02209S103 | 12,933 | 225,192 | SH | | SOLE | 0 | 174,391 | 0 | 50,801 |
| Marathon Petroleum Corporation | COM | 56585A102 | 18,354 | 306,673 | SH | | SOLE | 0 | 262,982 | 0 | 43,691 |
| Morgan Stanley | COM | 617446448 | 16,153 | 382,764 | SH | | SOLE | 0 | 327,602 | 0 | 55,162 |
| Microsoft Corporation | COM | 594918104 | 42,276 | 358,451 | SH | | SOLE | 0 | 306,831 | 0 | 51,620 |
| Micron Technology, Inc. | COM | 595112103 | 50,449 | 1,220,629 | SH | | SOLE | 0 | 1,044,431 | 0 | 176,198 |
| Ingevity Corporation | COM | 45688C107 | 2,475 | 23,435 | SH | | SOLE | 0 | 20,011 | 0 | 3,424 |
| Noah Holdings Ltd. Sponsored ADR Class A | COM | 65487X102 | 10,167 | 209,810 | SH | | SOLE | 0 | 179,850 | 0 | 29,960 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 28,016 | 116,031 | SH | | SOLE | 0 | 99,335 | 0 | 16,696 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 | 27,470 | 1,725,516 | SH | | SOLE | 0 | 1,480,325 | 0 | 245,191 |
| Philip Morris International Inc. | COM | 718172109 | 11,165 | 126,314 | SH | | SOLE | 0 | 98,063 | 0 | 28,251 |
| PNC Financial Services Group, Inc. | COM | 693475105 | 22,747 | 185,448 | SH | | SOLE | 0 | 158,691 | 0 | 26,757 |
| Perspecta, Inc. | COM | 715347100 | 2,313 | 114,407 | SH | | SOLE | 0 | 97,809 | 0 | 16,598 |
| PayPal Holdings Inc | COM | 70450Y103 | 124,711 | 1,200,992 | SH | | SOLE | 0 | 1,028,823 | 0 | 172,169 |
| Papa John s International, Inc. | COM | 698813102 | 10,506 | 198,423 | SH | | SOLE | 0 | 169,763 | 0 | 28,660 |
| Qurate Retail, Inc. Class A | COM | 74915M100 | 11,107 | 695,064 | SH | | SOLE | 0 | 594,586 | 0 | 100,478 |
| Raytheon Company | COM | 755111507 | 13,247 | 72,752 | SH | | SOLE | 0 | 62,144 | 0 | 10,608 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 23,013 | 307,089 | SH | | SOLE | 0 | 246,199 | 0 | 60,890 |
| Scorpio Bulkers, Inc. | COM | Y7546A122 | 4,260 | 1,109,289 | SH | | SOLE | 0 | 949,247 | 0 | 160,042 |
| Spirit Airlines, Inc. | COM | 848577102 | 9,769 | 184,815 | SH | | SOLE | 0 | 157,702 | 0 | 27,113 |
| Southern Copper Corporation | COM | 84265V105 | 12,222 | 308,004 | SH | | SOLE | 0 | 263,419 | 0 | 44,585 |
| Sherwin-Williams Company | COM | 824348106 | 34,055 | 79,068 | SH | | SOLE | 0 | 67,736 | 0 | 11,332 |
| Signet Jewelers Limited | COM | G81276100 | 3,922 | 144,408 | SH | | SOLE | 0 | 124,063 | 0 | 20,345 |
| SL Green Realty Corp. | COM | 78440X101 | 19,532 | 217,213 | SH | | SOLE | 0 | 186,143 | 0 | 31,070 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 8,574 | 109,118 | SH | | SOLE | 0 | 93,524 | 0 | 15,594 |
| Steel Dynamics, Inc. | COM | 858119100 | 5,200 | 147,428 | SH | | SOLE | 0 | 126,257 | 0 | 21,171 |
| Scorpio Tankers Inc. | COM | Y7542C130 | 23,726 | 1,195,860 | SH | | SOLE | 0 | 1,023,277 | 0 | 172,583 |
| Seagate Technology PLC | COM | G7945M107 | 19,437 | 405,877 | SH | | SOLE | 0 | 347,515 | 0 | 58,362 |
| Synchrony Financial | COM | 87165B103 | 43,055 | 1,349,674 | SH | | SOLE | 0 | 1,154,213 | 0 | 195,461 |
| Thor Industries, Inc. | COM | 885160101 | 5,181 | 83,062 | SH | | SOLE | 0 | 71,104 | 0 | 11,958 |
| Tribune Publishing Co. | COM | 89609W107 | 492 | 41,757 | SH | | SOLE | 0 | 35,845 | 0 | 5,912 |
| Tractor Supply Company | COM | 892356106 | 47,096 | 481,752 | SH | | SOLE | 0 | 412,666 | 0 | 69,086 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 70,962 | 1,732,460 | SH | | SOLE | 0 | 1,481,963 | 0 | 250,497 |
| Texas Instruments Incorporated | COM | 882508104 | 11,399 | 107,463 | SH | | SOLE | 0 | 91,919 | 0 | 15,544 |
| United Continental Holdings, Inc. | COM | 910047109 | 26,845 | 336,491 | SH | | SOLE | 0 | 288,375 | 0 | 48,116 |
| Net 1 UEPS Technologies, Inc. | COM | 64107N206 | 2,066 | 575,489 | SH | | SOLE | 0 | 493,474 | 0 | 82,015 |
| Union Pacific Corporation | COM | 907818108 | 41,040 | 245,456 | SH | | SOLE | 0 | 210,078 | 0 | 35,378 |
| Marriott Vacations Worldwide Corporation | COM | 57164Y107 | 3,768 | 40,295 | SH | | SOLE | 0 | 34,493 | 0 | 5,802 |
| Veeco Instruments Inc. | COM | 922417100 | 4,773 | 440,327 | SH | | SOLE | 0 | 376,171 | 0 | 64,156 |
| VICI Properties Inc | COM | 925652109 | 4,294 | 196,275 | SH | | SOLE | 0 | 167,913 | 0 | 28,362 |
| Vipshop Holdings Ltd Sponsored ADR | COM | 92763W103 | 12,318 | 1,534,007 | SH | | SOLE | 0 | 1,313,122 | 0 | 220,885 |
| Venator Materials PLC | COM | G9329Z100 | 3,978 | 707,886 | SH | | SOLE | 0 | 605,981 | 0 | 101,905 |
| Verisk Analytics Inc | COM | 92345Y106 | 9,336 | 70,194 | SH | | SOLE | 0 | 60,047 | 0 | 10,147 |
| Vista Outdoor Inc | COM | 928377100 | 4,434 | 553,575 | SH | | SOLE | 0 | 473,354 | 0 | 80,221 |
| AquaVenture Holdings Limited | COM | G0443N107 | 5,731 | 296,178 | SH | | SOLE | 0 | 253,246 | 0 | 42,932 |
| Western Digital Corporation | COM | 958102105 | 6,322 | 131,542 | SH | | SOLE | 0 | 112,533 | 0 | 19,009 |
| Wells Fargo & Company | COM | 949746101 | 65,313 | 1,351,682 | SH | | SOLE | 0 | 1,156,919 | 0 | 194,763 |
| Whirlpool Corporation | COM | 963320106 | 3,340 | 25,134 | SH | | SOLE | 0 | 21,506 | 0 | 3,628 |
| Willis Towers Watson Public Limited Company | COM | G96629103 | 36,144 | 205,771 | SH | | SOLE | 0 | 176,079 | 0 | 29,692 |
| Walmart Inc. | COM | 931142103 | 33,472 | 343,196 | SH | | SOLE | 0 | 292,786 | 0 | 50,410 |
| WestRock Company | COM | 96145D105 | 5,200 | 135,584 | SH | | SOLE | 0 | 116,799 | 0 | 18,785 |
| 58.com Inc. Sponsored ADR Class A | COM | 31680Q104 | 7,797 | 118,710 | SH | | SOLE | 0 | 101,561 | 0 | 17,149 |
| Yandex NV Class A | COM | N97284108 | 17,858 | 520,021 | SH | | SOLE | 0 | 444,983 | 0 | 75,038 |
