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
Arch Coal COM 039380308 1,399 423,925 SH   SOLE   33,732 0 390,553
Bank of America COM 060505104 7,125 457,343 SH   SOLE   106,628 0 350,715
BP ADR COM 055622104 458 15,000 SH   SOLE   15,000 0 0
Bristol Myers Squibb COM 110122108 825 13,930 SH   SOLE   13,930 0 0
Chemours COM 163851108 40 6,210 SH   SOLE   1,257 0 4,953
Chevron COM 166764100 3,883 49,223 SH   SOLE   9,854 0 39,639
Cisco Systems COM 17275R102 6,571 250,316 SH   SOLE   59,334 0 190,982
Citigroup COM 172967424 6,904 139,166 SH   SOLE   30,244 0 108,922
Conoco Phillips COM 20825C104 3,919 81,719 SH   SOLE   17,038 0 64,681
Corning COM 219350105 1,591 92,933 SH   SOLE   7,162 0 85,771
DuPont COM 263534109 1,497 31,062 SH   SOLE   6,287 0 24,775
Ford COM 345370860 7,009 516,520 SH   SOLE   108,639 0 407,881
Gannett COM 36473h104 483 32,802 SH   SOLE   7,814 0 24,988
General Motors COM 37045V100 6,634 220,973 SH   SOLE   49,080 0 171,893
Hewlett-Packard COM 428236103 2,026 79,103 SH   SOLE   30,974 0 48,129
Intel COM 458140100 3,719 123,397 SH   SOLE   43,810 0 79,587
J.P. Morgan COM 46625H100 2,238 36,708 SH   SOLE   4,716 0 31,992
KEYW Holdings COM 493723100 2,637 428,855 SH   SOLE   103,732 0 325,123
Kimberly-Clark COM 494368103 950 8,708 SH   SOLE   8,708 0 0
Kohl's COM 500255104 4,026 86,931 SH   SOLE   20,508 0 66,423
Eli Lilly COM 532457108 3,019 36,069 SH   SOLE   8,975 0 27,094
Met Life COM 59156R108 4,677 99,195 SH   SOLE   23,915 0 75,280
Partner Re COM G6852T105 4,356 31,362 SH   SOLE   1,137 0 30,225
Peabody Energy COM 704549104 429 310,848 SH   SOLE   20,762 0 290,086
Pfizer COM 717081103 2,912 92,696 SH   SOLE   34,934 0 57,762
SunTrust COM 867914103 2,275 59,502 SH   SOLE   11,000 0 48,502
TEGNA COM 87901J105 1,469 65,605 SH   SOLE   15,628 0 49,977
Transocean Ltd. COM H8817H100 2,380 184,178 SH   SOLE   27,316 0 156,862
Transocean Partners COM Y8977Y100 83 8,627 SH   SOLE   4,654 0 3,973
United Bankshares COM 909907107 950 25,000 SH   SOLE   25,000 0 0
United Parcel COM 911312106 2,546 25,799 SH   SOLE   7,524 0 18,275
Verizon COM 92343V104 5,254 120,764 SH   SOLE   29,818 0 90,946
Wells Fargo COM 949746101 3,256 63,406 SH   SOLE   16,454 0 46,952
Whole Foods COM 966837106 992 31,352 SH   SOLE   7,768 0 23,584