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
ALCOA INC COM 013817101 112,653 11,759,157 SH   SOLE 0 4,889,197 0 6,869,960
AHOLD NV-ADR COM 500467105 152,660 6,803,023 SH   SOLE 0 2,516,170 0 4,286,853
ALBEMARLE CORP COM 012653101 895 13,994 SH   SOLE 0 13,994 0 0
ALLEGHENY TECHNOLOGIES COM 01741R102 91,691 5,625,189 SH   SOLE 0 2,148,750 0 3,476,439
BIG LOTS INC COM 089302103 125,226 2,764,988 SH   SOLE 0 1,064,419 0 1,700,569
BALL CORP COM 058498106 93,077 1,305,607 SH   SOLE 0 519,241 0 786,366
CONAGRA FOODS INC COM 205887102 189,333 4,243,231 SH   SOLE 0 1,621,851 0 2,621,380
CALERES INC COM 129500104 976 34,490 SH   SOLE 0 34,490 0 0
CROWN HOLDINGS INC COM 228368106 156,697 3,159,842 SH   SOLE 0 1,216,709 0 1,943,133
COLUMBIA PIPELINE GROUP COM 198280109 48 1,917 SH   SOLE 0 1,917 0 0
CALIFORNIA RESOURCES CORP COM 13057Q107 0 78 SH   SOLE 0 77 0 1
DOMINION RESOURCES INC COM 25746U109 206,286 2,746,092 SH   SOLE 0 1,031,565 0 1,714,527
DOW CHEMICAL CO COM 260543103 131,576 2,587,020 SH   SOLE 0 928,319 0 1,658,701
DEVON ENERGY COM 25179M103 117,229 4,272,198 SH   SOLE 0 1,596,028 0 2,676,170
EMERSON ELECTRIC COM 291011104 134,300 2,469,653 SH   SOLE 0 932,563 0 1,537,090
SPX FLOW INC COM 78469X107 57,316 2,285,324 SH   SOLE 0 882,875 0 1,402,449
FMC CORP COM 302491303 105,004 2,601,044 SH   SOLE 0 1,000,008 0 1,601,036
HALLIBURTON COMP COM 406216101 648 18,136 SH   SOLE 0 18,136 0 0
HD SUPPLY HOLDINGS COM 40416M105 174,239 5,268,792 SH   SOLE 0 2,021,805 0 3,246,987
HEALTHSOUTH CORP COM 421924309 885 23,523 SH   SOLE 0 23,523 0 0
HARRIS CORPORATION COM 413875105 461 5,920 SH   SOLE 0 5,920 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 113,456 10,774,545 SH   SOLE 0 4,088,705 0 6,685,840
INTERNATIONAL PAPER COM 460146103 148,847 3,626,867 SH   SOLE 0 1,424,093 0 2,202,774
ITT CORP COM 450911201 1,077 29,195 SH   SOLE 0 29,195 0 0
KINDER MORGAN COM 49456B101 57 3,172 SH   SOLE 0 3,172 0 0
MATTEL INC COM 577081102 50,409 1,499,372 SH   SOLE 0 567,282 0 932,090
MARTIN MARIETTA COM 573284106 1,120 7,022 SH   SOLE 0 7,022 0 0
NABORS INDUSTRIES COM G6359F103 82,186 8,933,255 SH   SOLE 0 3,700,348 0 5,232,907
NATIONAL FUEL GAS COM 636180101 1,109 22,154 SH   SOLE 0 22,154 0 0
NISOURCE INC COM 65473P105 1,474 62,568 SH   SOLE 0 62,568 0 0
OWENS CORNING COM 690742101 128,339 2,714,438 SH   SOLE 0 1,046,255 0 1,668,183
OWENS ILLINOIS COM 690768403 119,361 7,478,782 SH   SOLE 0 2,944,665 0 4,534,117
ONEOK INC COM 682680103 169,317 5,670,365 SH   SOLE 0 2,157,460 0 3,512,905
OCCIDENTAL PETROLEUM COM 674599105 135,615 1,981,803 SH   SOLE 0 758,063 0 1,223,740
PACKAGING CORP OF AMERICA COM 695156109 35 585 SH   SOLE 0 585 0 0
REPUBLIC SERVICES INC COM 760759100 196,876 4,131,716 SH   SOLE 0 1,502,912 0 2,628,804
RAYTHEON COM 755111507 190,978 1,557,349 SH   SOLE 0 577,119 0 980,230
SEALED AIR CORP COM 81211K100 83,119 1,731,277 SH   SOLE 0 685,897 0 1,045,380
QUESTAR CORP COM 748356102 36 1,459 SH   SOLE 0 1,459 0 0
CARROLS RESTAURANT GROUP COM 14574X104 35 2,400 SH   SOLE 0 2,400 0 0
TELEDYNE TECHNOLOGIES COM 879360105 32 360 SH   SOLE 0 360 0 0
TARGET CORP COM 87612E106 185,090 2,249,508 SH   SOLE 0 844,562 0 1,404,946
TJX COMPANIES COM 872540109 172,240 2,198,339 SH   SOLE 0 825,931 0 1,372,408
TRINITY IND COM 896522109 28 1,518 SH   SOLE 0 1,518 0 0
USG CORP COM 903293405 113,562 4,577,252 SH   SOLE 0 1,774,589 0 2,802,663
VALSPAR CORP COM 920355104 1,113 10,398 SH   SOLE 0 10,398 0 0
WASTE CONNECTIONS INC COM 941053100 1,501 23,242 SH   SOLE 0 23,242 0 0
WEYERHAEUSER CO COM 962166104 176,438 5,695,229 SH   SOLE 0 2,135,264 0 3,559,965