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
Agilent Technologies, Inc. COMMON 00846U101 167,595 4,008,494 SH   SOLE   3,125,694 0 882,800
Alphabet Inc. Cl A COMMON 02079K305 145,727 187,308 SH   SOLE   145,648 0 41,660
Alphabet Inc. Cl C COMMON 02079K107 315 415 SH   SOLE   415 0 0
American Intl Group, Inc. COMMON 026874784 150,518 2,428,892 SH   SOLE   1,891,892 0 537,000
Analog Devices Inc COMMON 032654105 144,420 2,610,632 SH   SOLE   2,040,832 0 569,800
Applied Materials COMMON 038222105 175,957 9,424,570 SH   SOLE   7,339,970 0 2,084,600
Bank of America Corporatio COMMON 060505104 170,798 10,148,439 SH   SOLE   7,900,439 0 2,248,000
BP PLC Sponsored ADR COMMON 055622104 152,754 4,886,554 SH   SOLE   3,760,254 0 1,126,300
Capital One Financial Corp COMMON 14040H105 168,399 2,333,045 SH   SOLE   1,812,245 0 520,800
CBS Corporation COMMON 124857202 155,940 3,308,716 SH   SOLE   2,580,916 0 727,800
CIT Group Inc COMMON 125581801 180,521 4,547,135 SH   SOLE   3,544,935 0 1,002,200
CitiGroup, Inc. COMMON 172967424 175,197 3,385,445 SH   SOLE   2,644,245 0 741,200
Citizens Financial Group COMMON 174610105 165,884 6,333,881 SH   SOLE   4,933,181 0 1,400,700
Comcast Corporation Class A COMMON 20030N101 162,220 2,874,719 SH   SOLE   2,237,119 0 637,600
EQT Corporation COMMON 26884L109 156,784 3,007,561 SH   SOLE   2,327,761 0 679,800
Exelon Corporation COMMON 30161N101 148,902 5,361,957 SH   SOLE   4,182,657 0 1,179,300
General Electric Company COMMON 369604103 157,816 5,066,330 SH   SOLE   3,949,830 0 1,116,500
International Paper Corp. COMMON 460146103 154,859 4,107,658 SH   SOLE   3,196,358 0 911,300
Keysight Technologies, Inc. COMMON 49338L103 148,212 5,231,621 SH   SOLE   4,079,121 0 1,152,500
Lowe's Companies, Inc. COMMON 548661107 120,939 1,590,460 SH   SOLE   1,239,660 0 350,800
Marsh & McLennan Companies Inc. COMMON 571748102 156,312 2,818,978 SH   SOLE   2,200,678 0 618,300
Merck & Co. Inc. COMMON 58933Y105 180,484 3,416,961 SH   SOLE   2,653,061 0 763,900
Microsoft Corporation COMMON 594918104 182,211 3,284,272 SH   SOLE   2,557,672 0 726,600
Oracle Corporation COMMON 68389X105 175,210 4,796,334 SH   SOLE   3,749,834 0 1,046,500
Procter & Gamble Company COMMON 742718109 152,313 1,918,059 SH   SOLE   1,496,359 0 421,700
Realogy Holdings Corporation COMMON 75605Y106 134,811 3,676,335 SH   SOLE   2,798,435 0 877,900
Sanofi ADR COMMON 80105N105 152,246 3,569,654 SH   SOLE   2,742,054 0 827,600
Texas Instruments Inc. COMMON 882508104 140,491 2,563,237 SH   SOLE   1,996,237 0 567,000
Thermo Fisher Scientific, COMMON 883556102 194,432 1,370,684 SH   SOLE   1,067,584 0 303,100
Time Warner, Inc. COMMON 887317303 110,311 1,705,747 SH   SOLE   1,325,347 0 380,400
TOTAL S.A. - ADR COMMON 89151E109 1,047 23,300 SH   SOLE   23,300 0 0
Vodafone Group Plc ADR COMMON 92857W308 150,254 4,657,588 SH   SOLE   3,560,988 0 1,096,600
AerCap Holdings NV COMMON N00985106 142,673 3,305,676 SH   SOLE   2,571,876 0 733,800
Aon PLC COMMON G0408V102 169,400 1,837,113 SH   SOLE   1,402,713 0 434,400
Invesco Ltd. COMMON G491BT108 156,605 4,677,557 SH   SOLE   3,612,157 0 1,065,400
Liberty Global plc - Series C COMMON G5480U120 143,682 3,524,201 SH   SOLE   2,703,501 0 820,700
Flextronics International COMMON Y2573F102 149,817 13,364,547 SH   SOLE   10,303,347 0 3,061,200