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
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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
3M Company COM 88579Y101 458 2,597 SH   SOLE   2,597 0 0
AbbVie, Inc. COM 00287Y109 40,625 458,829 SH   SOLE   396,271 0 62,558
Advance Auto Parts, Inc. COM 00751Y106 8,365 52,229 SH   SOLE   52,229 0 0
AES Corporation COM 00130H105 88,732 4,458,902 SH   SOLE   3,397,406 0 1,061,496
Air Transport Services Group, COM 00922R105 100,445 4,281,560 SH   SOLE   4,023,385 0 258,175
Alexander & Baldwin, Inc. COM 014491104 553 26,370 SH   SOLE   26,370 0 0
Allegheny Technologies Incorpo COM 01741R102 19,879 962,205 SH   SOLE   908,715 0 53,490
Alliance Data Systems Corporat COM 018581108 13,241 118,016 SH   SOLE   118,016 0 0
Alphabet Inc. Class C COM 02079K107 3,167 2,369 SH   SOLE   2,369 0 0
America Movil SAB de CV Sponso COM 02364W105 169 10,559 SH   SOLE   10,559 0 0
American National Insurance Co COM 028591105 9,013 76,590 SH   SOLE   64,896 0 11,694
Amgen Inc. COM 031162100 50,111 207,871 SH   SOLE   179,480 0 28,391
Arcosa Inc COM 039653100 19,842 445,382 SH   SOLE   417,709 0 27,673
Argan, Inc. COM 04010E109 51,831 1,291,263 SH   SOLE   1,222,164 0 69,099
Armstrong World Industries, In COM 04247X102 37,727 401,475 SH   SOLE   371,118 0 30,357
Atkore International Group Inc COM 047649108 13,689 338,334 SH   SOLE   317,900 0 20,434
Atlantica Yield plc COM G0751N103 31,268 1,184,857 SH   SOLE   1,020,743 0 164,114
Avaya Holdings Corp. COM 05351X101 52,080 3,857,746 SH   SOLE   3,652,820 0 204,926
Axis Capital Holdings Limited COM G0692U109 63,770 1,072,850 SH   SOLE   988,165 0 84,685
Barrett Business Services, Inc COM 068463108 10,333 114,230 SH   SOLE   96,282 0 17,948
Berkshire Hathaway Inc. Class COM 084670702 106,751 471,309 SH   SOLE   291,593 0 179,716
Biglari Holdings Inc. Class B COM 08986R309 2,461 21,509 SH   SOLE   19,181 0 2,328
Biglari Holdings, Inc. Class A COM 08986R408 3,358 5,596 SH   SOLE   5,258 0 338
BJ's Wholesale Club Holdings, COM 05550J101 57,821 2,542,691 SH   SOLE   2,407,399 0 135,292
Bristol-Myers Squibb Company COM 110122108 71,375 1,111,927 SH   SOLE   954,497 0 157,430
Brookfield Asset Management In COM 112585104 65,069 1,125,761 SH   SOLE   690,318 0 435,443
Callon Petroleum Company COM 13123X102 7,700 1,594,211 SH   SOLE   1,512,063 0 82,148
Cannae Holdings, Inc. COM 13765N107 137,964 3,709,717 SH   SOLE   3,473,323 0 236,394
CDK Global Inc COM 12508E101 76,007 1,390,032 SH   SOLE   1,077,597 0 312,435
Cedar Fair, L.P. COM 150185106 23,336 420,927 SH   SOLE   351,636 0 69,291
Chevron Corporation COM 166764100 26,629 220,972 SH   SOLE   186,140 0 34,832
Cinemark Holdings, Inc. COM 17243V102 64,414 1,902,933 SH   SOLE   1,716,889 0 186,044
Cisco Systems, Inc. COM 17275R102 59,236 1,235,108 SH   SOLE   1,062,365 0 172,743
CNA Financial Corporation COM 126117100 27,885 622,283 SH   SOLE   524,348 0 97,935
Colfax Corporation COM 194014106 46,802 1,286,473 SH   SOLE   1,218,289 0 68,184
Comcast Corporation Class A COM 20030N101 144,151 3,205,499 SH   SOLE   2,346,679 0 858,820
Comfort Systems USA, Inc. COM 199908104 45,363 909,989 SH   SOLE   860,019 0 49,970
Computer Programs and Systems, COM 205306103 27,778 1,052,182 SH   SOLE   970,037 0 82,145
Conduent, Inc. COM 206787103 19,331 3,117,947 SH   SOLE   2,970,650 0 147,297
Core-Mark Holding Company, Inc COM 218681104 18,772 690,413 SH   SOLE   654,931 0 35,482
Corning Inc COM 219350105 68,672 2,359,042 SH   SOLE   2,032,995 0 326,047
Cubic Corporation COM 229669106 73,866 1,161,957 SH   SOLE   957,717 0 204,240
Discovery, Inc. Class C COM 25470F302 122,240 4,009,178 SH   SOLE   3,125,827 0 883,351
Dollar Tree, Inc. COM 256746108 3,827 40,689 SH   SOLE   40,689 0 0
Dominion Energy Inc COM 25746U109 57,173 690,328 SH   SOLE   596,194 0 94,134
DXC Technology Co. COM 23355L106 7,886 209,788 SH   SOLE   209,788 0 0
Enterprise Products Partners L COM 293792107 73,338 2,604,329 SH   SOLE   1,941,565 0 662,764
Evolution Petroleum Corporatio COM 30049A107 6,749 1,233,759 SH   SOLE   1,050,843 0 182,916
Expedia Group, Inc. COM 30212P303 91,311 844,374 SH   SOLE   641,534 0 202,840
Extended Stay America, Inc. COM 30224P200 102,303 6,884,446 SH   SOLE   6,319,088 0 565,358
Exxon Mobil Corporation COM 30231G102 33,176 475,444 SH   SOLE   400,613 0 74,831
Fastenal Company COM 311900104 58,263 1,576,795 SH   SOLE   1,368,716 0 208,079
FGL Holdings Class A COM G3402M102 44,060 4,137,068 SH   SOLE   3,934,897 0 202,171
Fidelity National Financial, I COM 31620R303 52,277 1,152,750 SH   SOLE   1,003,803 0 148,947
First Citizens BancShares, Inc COM 31946M103 9,852 18,511 SH   SOLE   15,720 0 2,791
Forward Air Corporation COM 349853101 15,629 223,427 SH   SOLE   201,854 0 21,573
GCI Liberty, Inc. Class A COM 36164V305 123,245 1,739,527 SH   SOLE   1,521,554 0 217,973
General Electric Company COM 369604103 1,325 118,740 SH   SOLE   118,740 0 0
Genworth Financial, Inc. Class COM 37247D106 10,964 2,491,929 SH   SOLE   2,356,921 0 135,008
GrafTech International Ltd. COM 384313508 35,696 3,071,953 SH   SOLE   2,903,674 0 168,279
Gran Tierra Energy Inc. COM 38500T101 3,179 2,464,412 SH   SOLE   2,190,863 0 273,549
Harsco Corporation COM 415864107 70,417 3,060,276 SH   SOLE   2,462,930 0 597,346
Health Insurance Innovations, COM 42225K106 15,142 784,978 SH   SOLE   740,949 0 44,029
Hostess Brands, Inc. Class A COM 44109J106 165,393 11,375,042 SH   SOLE   9,264,381 0 2,110,661
Illinois Tool Works Inc. COM 452308109 38,093 212,061 SH   SOLE   182,924 0 29,137
Ingersoll-Rand Plc COM G47791101 217 1,635 SH   SOLE   1,635 0 0
Ingles Markets, Incorporated C COM 457030104 41,157 866,289 SH   SOLE   804,556 0 61,733
Intel Corporation COM 458140100 25,850 431,915 SH   SOLE   362,536 0 69,379
Interpublic Group of Companies COM 460690100 42,475 1,838,752 SH   SOLE   1,656,715 0 182,037
Iron Mountain, Inc. COM 46284V101 52,125 1,635,549 SH   SOLE   1,420,327 0 215,222
iShares Russell 1000 Value ETF COM 464287598 850 6,229 SH   SOLE   6,229 0 0
iShr Russell 2000 Index COM 464287655 20,377 123,000 SH   SOLE   123,000 0 0
Ituran Location and Control Lt COM M6158M104 17,668 703,072 SH   SOLE   623,018 0 80,054
J. Alexander's Holdings, Inc. COM 46609J106 7,604 795,425 SH   SOLE   668,704 0 126,721
Kansas City Southern COM 485170302 17,630 115,108 SH   SOLE   115,108 0 0
KAR Auction Services, Inc. COM 48238T109 15,342 704,068 SH   SOLE   616,885 0 87,183
Kimberly-Clark Corporation COM 494368103 57,749 419,839 SH   SOLE   362,132 0 57,707
Kinder Morgan Inc Class P COM 49456B101 133,285 6,295,927 SH   SOLE   4,657,132 0 1,638,795
KKR & Co. Inc. Class A COM 48251W104 684 23,433 SH   SOLE   23,433 0 0
Lazard Ltd Class A COM G54050102 34,748 869,582 SH   SOLE   779,190 0 90,392
Liberty Broadband Corp. Class COM 530307305 115,751 920,486 SH   SOLE   723,969 0 196,517
Liberty Global Plc Class C COM G5480U120 1,746 80,120 SH   SOLE   80,120 0 0
Liberty Latin America Ltd. Cla COM G9001E102 17,879 926,360 SH   SOLE   926,360 0 0
Liberty Latin America Ltd. Cla COM G9001E128 87,793 4,511,467 SH   SOLE   4,202,448 0 309,019
Liberty Media Corp. Series C L COM 531229607 44,312 920,482 SH   SOLE   583,069 0 337,413
Liberty TripAdvisor Holdings I COM 531465102 8,737 1,188,724 SH   SOLE   1,014,735 0 173,989
LKQ Corporation COM 501889208 98,710 2,764,990 SH   SOLE   2,324,927 0 440,063
LyondellBasell Industries NV COM N53745100 43,335 458,669 SH   SOLE   401,072 0 57,597
Magellan Midstream Partners, L COM 559080106 28,379 451,388 SH   SOLE   383,442 0 67,946
Marathon Petroleum Corporation COM 56585A102 89,962 1,493,137 SH   SOLE   1,061,252 0 431,885
McKesson Corporation COM 58155Q103 34,504 249,450 SH   SOLE   149,346 0 100,104
Meredith Corporation COM 589433101 12,913 397,679 SH   SOLE   343,781 0 53,898
Mitsubishi UFJ Financial Group COM 606822104 101 18,557 SH   SOLE   18,557 0 0
Modine Manufacturing Company COM 607828100 6,031 783,302 SH   SOLE   671,335 0 111,967
Molson Coors Beverage Company COM 60871R209 2,346 43,516 SH   SOLE   43,516 0 0
Motorcar Parts of America, Inc COM 620071100 19,676 893,153 SH   SOLE   815,933 0 77,220
MSC Industrial Direct Co., Inc COM 553530106 53,946 687,478 SH   SOLE   629,438 0 58,040
MSG Networks Inc. Class A COM 553573106 37,369 2,147,658 SH   SOLE   2,037,677 0 109,981
Murphy USA, Inc. COM 626755102 37,073 316,864 SH   SOLE   295,871 0 20,993
NCR Corporation COM 62886E108 98,366 2,797,658 SH   SOLE   2,201,535 0 596,123
Newmark Group, Inc. Class A COM 65158N102 17,432 1,295,565 SH   SOLE   1,224,246 0 71,319
Nielsen Holdings Plc COM G6518L108 30,115 1,483,484 SH   SOLE   1,483,484 0 0
nVent Electric plc COM G6700G107 38,921 1,521,543 SH   SOLE   1,442,252 0 79,291
Oaktree Specialty Lending Corp COM 67401P108 30,310 5,551,343 SH   SOLE   5,099,001 0 452,342
Omnicom Group Inc COM 681919106 49,825 614,971 SH   SOLE   531,624 0 83,347
Patterson Companies, Inc. COM 703395103 6,021 293,986 SH   SOLE   251,336 0 42,650
PBF Energy, Inc. Class A COM 69318G106 37,338 1,190,242 SH   SOLE   1,127,742 0 62,500
PepsiCo, Inc. COM 713448108 44,489 325,522 SH   SOLE   280,427 0 45,095
Pfizer Inc. COM 717081103 34,983 892,891 SH   SOLE   780,649 0 112,242
PICO Holdings, Inc. COM 693366205 12,120 1,089,890 SH   SOLE   974,219 0 115,671
Plains All American Pipeline, COM 726503105 391 21,285 SH   SOLE   21,285 0 0
PNC Financial Services Group, COM 693475105 52,916 331,494 SH   SOLE   286,549 0 44,945
Premier Inc. Class A COM 74051N102 160,920 4,248,141 SH   SOLE   3,498,981 0 749,160
Progressive Corporation COM 743315103 62,241 859,803 SH   SOLE   525,016 0 334,787
QEP Resources, Inc. COM 74733V100 9,793 2,176,118 SH   SOLE   2,076,806 0 99,312
QUALCOMM Incorporated COM 747525103 37,240 422,074 SH   SOLE   365,630 0 56,444
Resideo Technologies, Inc. COM 76118Y104 21,682 1,817,424 SH   SOLE   1,719,347 0 98,077
Resources Connection, Inc. COM 76122Q105 16,979 1,039,727 SH   SOLE   942,173 0 97,554
RPM International Inc. COM 749685103 14,045 182,975 SH   SOLE   157,680 0 25,295
Ryman Hospitality Properties, COM 78377T107 29,513 340,562 SH   SOLE   299,141 0 41,421
Sabra Health Care REIT, Inc. COM 78573L106 23,622 1,106,937 SH   SOLE   973,592 0 133,345
Sabre Corp. COM 78573M104 98,669 4,396,992 SH   SOLE   3,460,221 0 936,771
SAP SE Sponsored ADR COM 803054204 219 1,631 SH   SOLE   1,631 0 0
Seaboard Corporation COM 811543107 706 166 SH   SOLE   166 0 0
Six Flags Entertainment Corpor COM 83001A102 70,132 1,554,699 SH   SOLE   1,423,608 0 131,091
SP Plus Corporation COM 78469C103 10,509 247,676 SH   SOLE   210,346 0 37,330
Stock Yards Bancorp, Inc. COM 861025104 8,675 211,274 SH   SOLE   170,950 0 40,324
Target Corporation COM 87612E106 71,552 558,082 SH   SOLE   481,891 0 76,191
Tech Data Corporation COM 878237106 15,076 104,988 SH   SOLE   89,389 0 15,599
Texas Pacific Land Trust COM 882610108 701 897 SH   SOLE   897 0 0
Thomson Reuters Corporation COM 884903709 29,110 406,571 SH   SOLE   355,024 0 51,547
TPI Composites, Inc. COM 87266J104 3,695 199,621 SH   SOLE   186,092 0 13,529
TripAdvisor, Inc. COM 896945201 18,220 599,748 SH   SOLE   599,748 0 0
Truist Financial Corporation COM 89832Q109 131,798 2,340,163 SH   SOLE   1,768,224 0 571,939
U.S. Bancorp COM 902973304 108,011 1,821,744 SH   SOLE   1,411,789 0 409,955
UniFirst Corporation COM 904708104 53,926 266,986 SH   SOLE   248,061 0 18,925
Unilever PLC Sponsored ADR COM 904767704 43,690 764,207 SH   SOLE   660,682 0 103,525
United Parcel Service, Inc. Cl COM 911312106 49,259 420,801 SH   SOLE   363,518 0 57,283
United Technologies Corporatio COM 913017109 684 4,565 SH   SOLE   4,565 0 0
UnitedHealth Group Incorporate COM 91324P102 59,191 201,343 SH   SOLE   123,151 0 78,192
Valero Energy Corporation COM 91913Y100 26,808 286,257 SH   SOLE   252,956 0 33,301
Ventas, Inc. COM 92276F100 53,438 925,499 SH   SOLE   798,996 0 126,503
Verizon Communications Inc. COM 92343V104 66,608 1,084,822 SH   SOLE   930,254 0 154,568
Verra Mobility Corp. Class A COM 92511U102 18,318 1,309,393 SH   SOLE   1,225,626 0 83,767
Viad Corp COM 92552R406 63,463 940,196 SH   SOLE   885,896 0 54,300
Vonage Holdings Corp. COM 92886T201 20,672 2,789,783 SH   SOLE   2,674,975 0 114,808
Walgreens Boots Alliance Inc COM 931427108 62,066 1,052,688 SH   SOLE   735,643 0 317,045
Walt Disney Company COM 254687106 4,152 28,710 SH   SOLE   28,710 0 0
Webster Financial Corporation COM 947890109 25,399 475,998 SH   SOLE   447,195 0 28,803
Wells Fargo & Company COM 949746101 35,317 656,454 SH   SOLE   563,978 0 92,476
WesBanco, Inc. COM 950810101 17,052 451,240 SH   SOLE   359,074 0 92,166
White Mountains Insurance Grou COM G9618E107 82,628 74,072 SH   SOLE   68,937 0 5,135
Williams Companies, Inc. COM 969457100 41,862 1,764,855 SH   SOLE   1,526,910 0 237,945
World Fuel Services Corporatio COM 981475106 26,514 610,647 SH   SOLE   570,304 0 40,343
Yelp Inc COM 985817105 51,892 1,489,878 SH   SOLE   1,183,428 0 306,450