Equity Investment 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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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
ALPHABET INC	CAP STK CL C	02079K107	446	431	SH		SOLE		431	0	0
AMERICAN EXPRESS CO	COM	025816109	96,334	1,010,634	SH		SOLE		908,458	0	102,176
AMERISOURCEBERGEN CORP	COM	03073E105	63,083	847,896	SH		SOLE		760,619	0	87,277
ANNALY CAP MGMT INC	COM	035710409	235	23,960	SH		SOLE		20,635	0	3,325
APPLE INC	COM	037833100	341	2,160	SH		SOLE		2,160	0	0
BT GROUP PLC	ADR	05577E101	409	26,940	SH		SOLE		26,940	0	0
CIGNA CORP NEW	COM	125523100	380	2,000	SH		SOLE		2,000	0	0
CISCO SYS INC	COM	17275R102	30,105	694,794	SH		SOLE		623,968	0	70,826
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	344	5,415	SH		SOLE		5,415	0	0
CONOCOPHILLIPS	COM	20825C104	61,966	993,838	SH		SOLE		892,445	0	101,393
CVS HEALTH CORP	COM	126650100	434	6,622	SH		SOLE		6,622	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	21,161	2,241,676	SH		SOLE		2,020,129	0	221,547
EATON VANCE CORP	COM NON VTG	278265103	269	7,660	SH		SOLE		7,660	0	0
EBAY INC	COM	278642103	77,009	2,743,475	SH		SOLE		2,463,013	0	280,462
ENCANA CORP	COM	292505104	128	22,157	SH		SOLE		22,157	0	0
EXELON CORP	COM	30161N101	97,929	2,171,373	SH		SOLE		1,950,729	0	220,644
EXXON MOBIL CORP	COM	30231G102	89,560	1,313,388	SH		SOLE		1,178,443	0	134,945
FACEBOOK INC	CL A	30303M102	60,222	459,394	SH		SOLE		409,543	0	49,851
FEDERATED INVS INC PA	CL B	314211103	286	10,780	SH		SOLE		10,780	0	0
FRANKLIN RES INC	COM	354613101	42,655	1,438,128	SH		SOLE		1,291,116	0	147,012
GENERAL MLS INC	COM	370334104	310	7,960	SH		SOLE		7,960	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	102,087	2,671,747	SH		SOLE		2,397,632	0	274,115
HARTFORD FINL SVCS GROUP INC	COM	416515104	65,089	1,464,323	SH		SOLE		1,318,597	0	145,726
HONDA MOTOR LTD	AMERN SHS	438128308	52,372	1,980,045	SH		SOLE		1,753,087	0	226,958
INFOSYS LTD	SPONSORED ADR	456788108	424	44,580	SH		SOLE		44,580	0	0
INGREDION INC	COM	457187102	336	3,675	SH		SOLE		3,675	0	0
INTEL CORP	COM	458140100	442	9,415	SH		SOLE		9,415	0	0
IPG PHOTONICS CORP	COM	44980X109	224	1,980	SH		SOLE		1,980	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	83,325	750,339	SH		SOLE		744,392	0	5,947
ISHARES TR	RUS 1000 ETF	464287622	594	4,280	SH		SOLE		4,280	0	0
ISHARES TR	CORE S&P US VLU	464287663	14,266	290,600	SH		SOLE		279,138	0	11,462
ISHARES TR	SHORT TREAS BD	464288679	205,541	1,863,469	SH		SOLE		1,845,766	0	17,703
JOHNSON & JOHNSON	COM	478160104	85,328	661,199	SH		SOLE		596,304	0	64,895
KEYCORP NEW	COM	493267108	262	17,720	SH		SOLE		17,720	0	0
KROGER CO	COM	501044101	60,563	2,202,300	SH		SOLE		1,981,879	0	220,421
LOWES COS INC	COM	548661107	57,255	619,910	SH		SOLE		556,795	0	63,115
MACK CALI RLTY CORP	COM	554489104	18,114	924,651	SH		SOLE		830,910	0	93,741
MANPOWERGROUP INC	COM	56418H100	254	3,925	SH		SOLE		3,925	0	0
MCKESSON CORP	COM	58155Q103	48,297	437,196	SH		SOLE		393,173	0	44,023
MEDTRONIC PLC	SHS	G5960L103	97,215	1,068,761	SH		SOLE		961,587	0	107,174
MOHAWK INDS INC	COM	608190104	51,246	438,154	SH		SOLE		390,719	0	47,435
MOLSON COORS BREWING CO	CL B	60871R209	70,370	1,253,020	SH		SOLE		1,120,195	0	132,825
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	52,323	1,090,525	SH		SOLE		978,574	0	111,951
PEPSICO INC	COM	713448108	90,919	822,941	SH		SOLE		737,656	0	85,285
PNC FINL SVCS GROUP INC	COM	693475105	86,461	739,555	SH		SOLE		663,753	0	75,802
PPG INDS INC	COM	693506107	74,277	726,565	SH		SOLE		652,639	0	73,926
PRICE T ROWE GROUP INC	COM	74144T108	549	5,942	SH		SOLE		5,942	0	0
PROCTER AND GAMBLE CO	COM	742718109	61,046	664,119	SH		SOLE		596,367	0	67,752
QUALCOMM INC	COM	747525103	43,304	760,924	SH		SOLE		683,055	0	77,869
SCHLUMBERGER LTD	COM	806857108	40,299	1,116,944	SH		SOLE		998,800	0	118,144
SELECT SECTOR SPDR TR	ENERGY	81369Y506	308	5,370	SH		SOLE		5,370	0	0
SPDR SER TR	SPDR BLOOMBERG	78468R663	413	4,520	SH		SOLE		4,520	0	0
STATE STR CORP	COM	857477103	277	4,385	SH		SOLE		4,385	0	0
SUNTRUST BKS INC	COM	867914103	83,096	1,647,429	SH		SOLE		1,475,578	0	171,851
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	328	8,896	SH		SOLE		8,465	0	431
TARGET CORP	COM	87612E106	81,168	1,228,151	SH		SOLE		1,102,941	0	125,210
TORCHMARK CORP	COM	891027104	46,930	629,676	SH		SOLE		568,036	0	61,640
TRAVELERS COMPANIES INC	COM	89417E109	75,118	627,290	SH		SOLE		564,357	0	62,933
UNITED PARCEL SERVICE INC	CL B	911312106	92,109	944,419	SH		SOLE		850,160	0	94,259
US BANCORP DEL	COM NEW	902973304	98,187	2,148,520	SH		SOLE		1,930,496	0	218,024
VANECK VECTORS ETF TR	OIL SVCS ETF	92189F718	9,250	659,299	SH		SOLE		657,094	0	2,205
VANGUARD INDEX FDS	VALUE ETF	922908744	578	5,897	SH		SOLE		5,897	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	104,487	1,858,533	SH		SOLE		1,667,051	0	191,482
WELLS FARGO CO NEW	COM	949746101	73,986	1,605,607	SH		SOLE		1,439,749	0	165,858
WPP PLC NEW	ADR	92937A102	309	5,635	SH		SOLE		5,635	0	0