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
ABBOTT LABORATORIES COM 002824100 61,994 1,614,000 SH   DFND n/a 1,614,000 0 0
ABBVIE INC COM 00287Y109 105,264 1,681,000 SH   DFND n/a 1,681,000 0 0
ADIENT PLC ORD SHS G0084W101 6,147 104,899 SH   DFND n/a 104,899 0 0
ALLSTATE CORP COM 020002101 132,304 1,785,000 SH   DFND n/a 1,785,000 0 0
ALPHABET INC CL C CAP STK CL C 02079K107 101,263 131,200 SH   DFND n/a 131,200 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 131,955 2,020,438 SH   DFND n/a 2,020,438 0 0
APPLIED INDUSTRIAL TECH INC COM 03820C105 80,865 1,361,359 SH   DFND n/a 1,361,359 0 0
AVERY DENNISON CORP COM 053611109 165,993 2,363,900 SH   DFND n/a 2,363,900 0 0
BAKER HUGHES INC COM 057224107 79,809 1,228,400 SH   DFND n/a 1,228,400 0 0
BANK OF AMERICA CORP COM 060505104 55,426 2,507,960 SH   DFND n/a 2,507,960 0 0
BB&T CORP COM 054937107 11,755 250,000 SH   DFND n/a 250,000 0 0
BELDEN INC COM 077454106 57,258 765,785 SH   DFND n/a 765,785 0 0
BEMIS COMPANY COM 081437105 103,908 2,172,900 SH   DFND n/a 2,172,900 0 0
BJ S RESTAURANTS INC COM 09180C106 32,667 831,230 SH   DFND n/a 831,230 0 0
BRINKER INTERNATIONAL INC COM 109641100 20,659 417,100 SH   DFND n/a 417,100 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 157,788 2,700,000 SH   DFND n/a 2,700,000 0 0
BWX TECHNOLOGIES INC COM 05605H100 38,882 979,400 SH   DFND n/a 979,400 0 0
CAPITAL BANK FINANCIAL CL A CL A COM 139794101 2,555 65,100 SH   DFND n/a 65,100 0 0
CARDINAL FINANCIAL CORP COM 14149F109 64,088 1,954,500 SH   DFND n/a 1,954,500 0 0
CARLISLE COS INC COM 142339100 49,818 451,700 SH   DFND n/a 451,700 0 0
CASS INFORMATION SYSTEMS INC COM 14808P109 28,287 384,494 SH   DFND n/a 384,494 0 0
CHEVRON CORP COM 166764100 147,537 1,253,500 SH   DFND n/a 1,253,500 0 0
CHUBB LTD COM H1467J104 86,716 656,346 SH   DFND n/a 656,346 0 0
CIMAREX ENERGY CO COM 171798101 31,094 228,800 SH   DFND n/a 228,800 0 0
CISCO SYSTEMS INC COM 17275R102 175,440 5,805,416 SH   DFND n/a 5,805,416 0 0
CITIGROUP INC COM NEW 172967424 12,480 210,000 SH   DFND n/a 210,000 0 0
COMSCORE INC COM 20564W105 26,938 853,000 SH   DFND n/a 853,000 0 0
CONOCOPHILLIPS COM 20825C104 99,092 1,976,308 SH   DFND n/a 1,976,308 0 0
COOPER TIRE & RUBBER COM 216831107 115,202 2,965,302 SH   DFND n/a 2,965,302 0 0
CORE MARK HOLDING CO INC COM 218681104 49,293 1,144,492 SH   DFND n/a 1,144,492 0 0
COVENANT TRANSPORT GRP CL A CL A 22284P105 16,441 850,119 SH   DFND n/a 850,119 0 0
CRACKER BARREL OLD COUNTRY COM 22410J106 75,076 449,609 SH   DFND n/a 449,609 0 0
DOW CHEMICAL CO/THE COM 260543103 162,579 2,841,300 SH   DFND n/a 2,841,300 0 0
DYCOM INDUSTRIES INC COM 267475101 137,129 1,707,917 SH   DFND n/a 1,707,917 0 0
ENCORE CAPITAL GROUP INC COM 292554102 63,791 2,226,559 SH   DFND n/a 2,226,559 0 0
FB FINANCIAL CORP COM 30257X104 13,727 528,975 SH   DFND n/a 528,975 0 0
FLOWSERVE CORP COM 34354P105 56,735 1,180,743 SH   DFND n/a 1,180,743 0 0
FRANCESCAS HOLDINGS CORP COM 351793104 38,151 2,116,000 SH   DFND n/a 2,116,000 0 0
FRED S INC CLASS A CL A 356108100 41,418 2,231,569 SH   DFND n/a 2,231,569 0 0
G III APPAREL GROUP LTD COM 36237H101 36,885 1,247,800 SH   DFND n/a 1,247,800 0 0
GCP APPLIED TECHNOLOGIES COM 36164Y101 4,291 160,400 SH   DFND n/a 160,400 0 0
GENERAL ELECTRIC CO COM 369604103 149,361 4,726,600 SH   DFND n/a 4,726,600 0 0
GENUINE PARTS CO COM 372460105 117,264 1,227,379 SH   DFND n/a 1,227,379 0 0
GLACIER BANCORP INC COM 37637Q105 36,892 1,018,280 SH   DFND n/a 1,018,280 0 0
GLAXOSMITHKLINE PLC SPON ADR SPONSORED ADR 37733W105 71,398 1,854,000 SH   DFND n/a 1,854,000 0 0
GORMAN RUPP CO COM 383082104 29,312 947,087 SH   DFND n/a 947,087 0 0
HELMERICH & PAYNE COM 423452101 41,169 531,900 SH   DFND n/a 531,900 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 124,828 1,077,500 SH   DFND n/a 1,077,500 0 0
HUNTINGTON INGALLS INDUSTRIE COM 446413106 50,368 273,456 SH   DFND n/a 273,456 0 0
INTEL CORP COM 458140100 179,925 4,960,700 SH   DFND n/a 4,960,700 0 0
ISHARES CORE S&P SMALL CAP ETF CORE S&P SCP ETF 464287804 13,752 100,000 SH   DFND n/a 100,000 0 0
ISHARES RUSSELL 2000 VALUE ETF RUS 2000 VAL ETF 464287630 17,841 150,000 SH   DFND n/a 150,000 0 0
J2 GLOBAL INC COM 48123V102 9,816 120,000 SH   DFND n/a 120,000 0 0
JM SMUCKER CO/THE COM NEW 832696405 19,062 148,853 SH   DFND n/a 148,853 0 0
JOHNSON CONTROLS INTERNATION SHS G51502105 41,520 1,008,000 SH   DFND n/a 1,008,000 0 0
JPMORGAN CHASE & CO COM 46625H100 194,273 2,251,400 SH   DFND n/a 2,251,400 0 0
KINSALE CAPITAL GROUP INC COM 49714P108 22,107 650,000 SH   DFND n/a 650,000 0 0
KNIGHT TRANSPORTATION INC COM 499064103 64,655 1,956,282 SH   DFND n/a 1,956,282 0 0
LEIDOS HOLDINGS INC COM 525327102 59,615 1,165,722 SH   DFND n/a 1,165,722 0 0
LKQ CORP COM 501889208 12,795 417,448 SH   DFND n/a 417,448 0 0
MANITOWOC COMPANY INC COM 563571108 13,060 2,183,900 SH   DFND n/a 2,183,900 0 0
MANITOWOC FOODSERVICE INC COM 563568104 42,215 2,183,900 SH   DFND n/a 2,183,900 0 0
MANTECH INTERNATIONAL CORP A CL A 564563104 59,833 1,416,170 SH   DFND n/a 1,416,170 0 0
MARATHON OIL CORP COM 565849106 51,770 2,990,784 SH   DFND n/a 2,990,784 0 0
MEDTRONIC PLC SHS G5960L103 97,065 1,362,703 SH   DFND n/a 1,362,703 0 0
MERCK & CO. INC. COM 58933Y105 110,175 1,871,500 SH   DFND n/a 1,871,500 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 85,805 205,000 SH   DFND n/a 205,000 0 0
MICROSOFT CORP COM 594918104 113,778 1,831,000 SH   DFND n/a 1,831,000 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 6,132 176,467 SH   DFND n/a 176,467 0 0
MYERS INDUSTRIES INC COM 628464109 11,629 813,244 SH   DFND n/a 813,244 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 7,404 332,000 SH   DFND n/a 332,000 0 0
NATIONAL BANKSHARES INC/VA COM 634865109 25,944 597,102 SH   DFND n/a 597,102 0 0
NATIONAL GENERAL HLDGS COM 636220303 24,823 993,300 SH   DFND n/a 993,300 0 0
NCI BUILDING SYSTEMS INC COM NEW 628852204 30,658 1,959,000 SH   DFND n/a 1,959,000 0 0
NN INC COM 629337106 25,683 1,348,200 SH   DFND n/a 1,348,200 0 0
ORION GROUP HOLDINGS INC COM 68628V308 22,598 2,271,136 SH   DFND n/a 2,271,136 0 0
PARKER HANNIFIN CORP COM 701094104 147,669 1,054,781 SH   DFND n/a 1,054,781 0 0
PFIZER INC COM 717081103 133,655 4,115,000 SH   DFND n/a 4,115,000 0 0
POLYONE CORPORATION COM 73179P106 53,827 1,680,000 SH   DFND n/a 1,680,000 0 0
PRIMORIS SERVICES CORP COM 74164F103 38,799 1,703,200 SH   DFND n/a 1,703,200 0 0
QEP RESOURCES INC COM 74733V100 41,494 2,253,910 SH   DFND n/a 2,253,910 0 0
RADIANT LOGISTICS INC COM 75025X100 5,632 1,444,100 SH   DFND n/a 1,444,100 0 0
REGAL BELOIT CORP COM 758750103 585 8,454 SH   DFND n/a 8,454 0 0
ROWAN COMPANIES PLC A SHS CL A G7665A101 9,124 483,000 SH   DFND n/a 483,000 0 0
SEAGATE TECHNOLOGY SHS G7945M107 28,437 745,000 SH   DFND n/a 745,000 0 0
SOUTHWEST AIRLINES CO COM 844741108 151,913 3,048,023 SH   DFND n/a 3,048,023 0 0
STANDEX INTERNATIONAL CORP COM 854231107 63,319 720,759 SH   DFND n/a 720,759 0 0
STATE BANK FINANCIAL CORP COM 856190103 41,531 1,546,221 SH   DFND n/a 1,546,221 0 0
STERIS PLC SHS USD G84720104 51,527 764,612 SH   DFND n/a 764,612 0 0
STERLING BANCORP/DE COM 85917A100 40,400 1,726,500 SH   DFND n/a 1,726,500 0 0
SUMMIT MATERIALS INC CL A CL A 86614U100 39,737 1,670,306 SH   DFND n/a 1,670,306 0 0
TE CONNECTIVITY LTD REG SHS H84989104 111,880 1,614,900 SH   DFND n/a 1,614,900 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 69,211 882,796 SH   DFND n/a 882,796 0 0
TRIUMPH GROUP INC COM 896818101 31,461 1,187,200 SH   DFND n/a 1,187,200 0 0
UNITED NATURAL FOODS INC COM 911163103 54,014 1,131,900 SH   DFND n/a 1,131,900 0 0
VISA INC CLASS A SHARES COM CL A 92826C839 107,668 1,380,000 SH   DFND n/a 1,380,000 0 0
WELLS FARGO & CO COM 949746101 73,119 1,326,789 SH   DFND n/a 1,326,789 0 0
WENDY S CO/THE COM 95058W100 47,577 3,519,000 SH   DFND n/a 3,519,000 0 0
WERNER ENTERPRISES INC COM 950755108 50,647 1,879,306 SH   DFND n/a 1,879,306 0 0
WESTERN DIGITAL CORP COM 958102105 51,213 753,683 SH   DFND n/a 753,683 0 0
WESTLAKE CHEMICAL CORP COM 960413102 45,419 811,200 SH   DFND n/a 811,200 0 0