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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ACXIOM CORP COM 005125109 53,623 2,563,227 SH   OTR   0 2,563,227 0
ALLERGAN PLC SHS G0177J108 120,913 386,921 SH   OTR   0 0 386,921
ALTRIA GROUP INC COM 02209S103 20,032 344,139 SH   OTR   0 0 344,139
ASHLAND INC NEW COM 044209104 153,408 1,493,749 SH   OTR   0 0 1,493,749
AT&T INC COM 00206R102 7,000,675 203,448,844 SH   OTR   0 0 203,448,844
BEST BUY INC COM 086516101 119,791 3,934,031 SH   OTR   0 3,934,031 0
BOEING CO COM 097023105 6,028,600 41,694,446 SH   OTR   0 0 41,694,446
BOSTON SCIENTIFIC CORP COM 101137107 235,446 12,768,227 SH   OTR   0 0 12,768,227
CAPITAL SOUTHWEST CORP COM 140501107 13,082 942,493 SH   OTR   0 942,493 0
CAPITAL SOUTHWEST CORP COM 140501107 2,782 200,452 SH   SOLE   200,452 0 0
COLGATE PALMOLIVE CO COM 194162103 114,067 1,712,207 SH   SOLE   1,712,207 0 0
COMCAST CORP NEW CL A 20030N101 448,422 7,946,510 SH   OTR   0 0 7,946,510
CSW INDUSTRIALS INC COM 126402106 8,631 229,116 SH   SOLE   229,116 0 0
DARDEN RESTAURANTS INC COM 237194105 189,976 2,985,172 SH   OTR   0 0 2,985,172
DILLARDS INC CL A 254067101 551,787 8,397,313 SH   OTR   0 0 8,397,313
DISCOVER FINL SVCS COM 254709108 110,306 2,057,176 SH   OTR   0 0 2,057,176
ENCORE WIRE CORP COM 292562105 730 19,693 SH   SOLE   19,693 0 0
ENTERGY CORP NEW COM 29364G103 418,977 6,128,982 SH   OTR   0 0 6,128,982
FORD MTR CO DEL COM PAR $0.01 345370860 3,086,346 219,045,139 SH   OTR   0 126,763,612 92,281,527
FOUR CORNERS PPTY TR INC COM 35086T109 23,529 973,895 SH   OTR   0 0 973,895
GENERAL DYNAMICS CORP COM 369550108 3,320,840 24,176,181 SH   OTR   0 24,176,181 0
GENWORTH FINL INC COM CL A 37247D106 7,060 1,892,675 SH   OTR   0 0 1,892,675
GOODYEAR TIRE & RUBR CO COM 382550101 125,668 3,846,581 SH   OTR   0 0 3,846,581
HARTFORD FINL SVCS GROUP INC COM 416515104 219,902 5,059,870 SH   OTR   0 0 5,059,870
HONEYWELL INTL INC COM 438516106 2,041,583 19,712,106 SH   SOLE   19,712,106 0 0
HUMANA INC COM 444859102 444,727 2,491,332 SH   OTR   0 2,491,332 0
KRAFT HEINZ CO COM 500754106 3,348 46,010 SH   OTR   0 0 46,010
MONDELEZ INTL INC CL A 609207105 6,428 143,355 SH   OTR   0 0 143,355
MOODYS CORP COM 615369105 47,846 476,836 SH   OTR   0 0 476,836
PENNEY J C INC COM 708160106 94,735 14,224,413 SH   OTR   0 0 14,224,413
PHILIP MORRIS INTL INC COM 718172109 72,838 828,548 SH   OTR   0 0 828,548
REYNOLDS AMERICAN INC COM 761713106 407,038 8,819,897 SH   OTR   0 0 8,819,897
SYNCHRONY FINL COM 87165B103 21,653 712,063 SH   OTR   712,063 0 0
UNITED CONTL HLDGS INC COM 910047109 345,014 6,021,185 SH   OTR   0 6,021,185 0
UNITED TECHNOLOGIES CORP COM 913017109 934,607 9,728,399 SH   SOLE   9,728,399 0 0
WATERS CORP COM 941848103 50,906 378,260 SH   OTR   0 0 378,260
WESTERN DIGITAL CORP COM 958102105 43,971 732,234 SH   OTR   0 0 732,234
WHIRLPOOL CORP COM 963320106 212,296 1,445,471 SH   OTR   0 0 1,445,471
YUM BRANDS INC COM 988498101 188,033 2,574,027 SH   OTR   0 0 2,574,027