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
Expires:Oct 31, 2018
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AMAZON COM INC COMCOM023135106923281SH SOLE 28100
AMBARELLA INC COMCOMg037ax1014172,675SH SOLE 2,67500
AMERICAN ELEC PWR INC COMCOM0255371014,77058,759SH SOLE 58,75900
AMERICAN EXPRESS CO COMCOM0258161096,41138,267SH SOLE 38,26700
AMGEN INC COMCOM0311621004,94023,232SH SOLE 23,23200
APPLE COMPUTERCOM03783310033,329235,544SH SOLE 235,54400
AT&T INC COMCOM00206r1021,14342,317SH SOLE 42,31700
AUTOMATIC DATA PROCESS COMCOM0530151032381,190SH SOLE 1,19000
BANK OF AMERICA CORP COMCOM0605051043077,232SH SOLE 7,23200
BEAZER HOMES USA INC COM NEWCOM07556Q8819,318540,176SH SOLE 540,17600
BERKSHIRE HATHAWAY INC CL BCOM0846707025712,094SH SOLE 2,09400
BIO-RAD LABORATORIESCOM09057220713,82518,534SH SOLE 18,53400
BORGWARNER INC COMCOM0997241064,00792,727SH SOLE 92,72700
BP PLC SPONSORED ADRCOM0556221042579,398SH SOLE 9,39800
BRISTOL-MYERS SQUIBB CO COMCOM1101221082674,506SH SOLE 4,50600
CATERPILLAR INC DEL COMCOM1491231012771,445SH SOLE 1,44500
CHEVRON CORP NEW COMCOM1667641001,54315,213SH SOLE 15,21300
CHURCHILL DOWNS INCCOM1714841083491,455SH SOLE 1,45500
CISCO SYS INC COMCOM17275R1027,814143,566SH SOLE 143,56600
COHEN & STEERS INC COMCOM19247A1009,403112,244SH SOLE 112,24400
COLGATE PALMOLIVE CO COMCOM1941621033254,300SH SOLE 4,30000
COMCAST CORP COM CL ACOM20030N10111,900212,766SH SOLE 212,76600
COSTCO WHSL CORP NEW COMCOM22160k105237528SH SOLE 52800
DEERE & CO COMCOM2441991055,84217,435SH SOLE 17,43500
DELL TECHNOLOGIES INCCOM24703L2024,82646,386SH SOLE 46,38600
ENTERGY CORP NEW COMCOM29364G1032562,574SH SOLE 2,57400
EOG RES INC COMCOM26875P1015,98274,518SH SOLE 74,51800
ESTEE LAUDER COS INC COMCOM51843910414,77949,276SH SOLE 49,27600
EXELON CORPCOM30161N1012034,190SH SOLE 4,19000
EXXON CORP COMCOM30231G1024778,117SH SOLE 8,11700
FEC RESOURCES INC COMCOM30246x1084170,600SH SOLE 170,60000
FOCUS FINANCIAL PARTNERSCOM34417P10010,978209,621SH SOLE 209,62100
GATX CORP COMCOM3614481037,06678,898SH SOLE 78,89800
HAWAIIAN HOLDINGS INC COMCOM41987910129513,625SH SOLE 13,62500
HP INCCOM40434L1053,482127,281SH SOLE 127,28100
HUDSON PACIFIC PROPERTIESCOM4440971095,234199,231SH SOLE 199,23100
HYSTER YALE MATLS HAND CL ACOM4491721053,91277,842SH SOLE 77,84200
INNOVEST GLOBAL INC COMCOM45781q102010,000SH SOLE 10,00000
INTEL CORP COMCOM4581401008,650162,358SH SOLE 162,35800
INTERNATIONAL BUS MACH COMCOM4592001015,39038,800SH SOLE 38,80000
J P MORGAN CHASE & CO COMCOM46625H10013,19980,634SH SOLE 80,63400
JOHNSON & JOHNSON COMCOM4781601047,62047,180SH SOLE 47,18000
KAISER ALUMINUM CORP COM PAR $COM4830077048,04873,863SH SOLE 73,86300
KULICKE AND SOFFA INDUSTRIES ICOM5012421012253,860SH SOLE 3,86000
LILLY ELI & CO COMCOM53245710810,90747,207SH SOLE 47,20700
LINDE PLC COMCOMg5494j1035,62319,167SH SOLE 19,16700
LKQ CORP COMCOM50188920811,069219,967SH SOLE 219,96700
LOEWS CORP COMCOM5404241082,37243,975SH SOLE 43,97500
LULULEMON ATHLETICA IN COMCOM55002110923,78258,763SH SOLE 58,76300
MERCK & CO INC NEW COMCOM58933Y1057,23996,374SH SOLE 96,37400
MICROSOFT CORP COMCOM5949181041,0643,775SH SOLE 3,77500
MOELIS & COMPANYCOM60786M10510,778174,203SH SOLE 174,20300
MRC GLOBAL INC COMCOM55345K10311315,455SH SOLE 15,45500
NEWMONT CORPCOM6516391064,46282,170SH SOLE 82,17000
NORDSON CORP COMCOM65566310216,14067,770SH SOLE 67,77000
NORDSTROM INC COMCOM6556641003,342126,370SH SOLE 126,37000
ORACLE CORP COMCOM68389X10512,793146,828SH SOLE 146,82800
PFIZER INC COMCOM71708110360714,122SH SOLE 14,12200
PROCTER & GAMBLE CO COMCOM7427181097015,014SH SOLE 5,01400
PROGRESSIVE CORP OHIO COMCOM7433151038118,967SH SOLE 8,96700
PULTE GROUP INC COMCOM74586710117,114372,697SH SOLE 372,69700
SCHLUMBERGER LTD COMCOM8068571084,823162,714SH SOLE 162,71400
SCHWAB CHARLES CORP NEW COMCOM80851310514,602200,469SH SOLE 200,46900
SIMON PPTY GROUP NEW COMCOM8288061096,40549,278SH SOLE 49,27800
SKYWORKS SOLUTIONS INC COMCOM83088m10215,33893,083SH SOLE 93,08300
STARBUCKS CORP COMCOM8552441091,0749,737SH SOLE 9,73700
STERIS PLC ORDCOMg8473t1006,89033,727SH SOLE 33,72700
STRYKER CORP COMCOM8636671015,21119,758SH SOLE 19,75800
SVB FINL GROUP COMCOM78486q10123,18235,836SH SOLE 35,83600
SYNOVUS FINL CORP COMCOM87161c5012936,685SH SOLE 6,68500
TENET HEALTHCARE CORP COMCOM88033g40712,210183,774SH SOLE 183,77400
TERADYNE INC COMCOM88077010218,905173,167SH SOLE 173,16700
TETRA TECH INC NEW COMCOM88162G10316,373109,636SH SOLE 109,63600
TIMKEN CO COMCOM8873891042483,795SH SOLE 3,79500
UBER TECHNOLOGIES INCCOM90353T1005,499122,740SH SOLE 122,74000
ULTA BEAUTY, INCCOM90384S3036,88819,084SH SOLE 19,08400
VERIZON COMMUNICATIONS COMCOM92343V1045039,316SH SOLE 9,31600
VERRA MOBILITY CORPCOM92511u1025,804385,106SH SOLE 385,10600
VIRNETX HOLDING CORPCOM92823T1085413,836SH SOLE 13,83600
VISA INC COM CL ACOM92826c8395682,550SH SOLE 2,55000
WALT DISNEY CO COMCOM2546871068,91452,694SH SOLE 52,69400
WELLS FARGO & CO NEW COMCOM9497461014,981107,332SH SOLE 107,33200
WEYERHAEUSER CO COMCOM9621661046,802191,234SH SOLE 191,23400
BROWN CAPTIAL MGT SMALL COMPAYMUES1152918335073,999SH SOLE 3,99900
FIDELITY 500 INDEX FUNDMEUS3159117501,67211,149SH SOLE 11,14900
FIDELITY CONTRAFUND COMMEUS31607110936219,206SH SOLE 19,20600
LAZARD EMERGING MARKETS EQUITYMEUS52106N39293771,285SH SOLE 71,28500
LAZARD FDS INC EMERG MKT INSTMEUS52106n88983944,782SH SOLE 44,78200