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 71,678 1,614,000 SH   DFND n/a 1,614,000 0 0
ADIENT PLC ORD SHS G0084W101 8,459 116,399 SH   DFND n/a 116,399 0 0
ALLSTATE CORP COM 020002101 145,460 1,785,000 SH   DFND n/a 1,785,000 0 0
ALPHABET INC CL C CAP STK CL C 02079K107 120,618 145,400 SH   DFND n/a 145,400 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 126,136 2,020,438 SH   DFND n/a 2,020,438 0 0
APACHE CORP COM 037411105 15,380 299,285 SH   DFND n/a 299,285 0 0
APPLIED INDUSTRIAL TECH INC COM 03820C105 84,200 1,361,359 SH   DFND n/a 1,361,359 0 0
AVERY DENNISON CORP COM 053611109 190,530 2,363,900 SH   DFND n/a 2,363,900 0 0
BAKER HUGHES INC COM 057224107 73,483 1,228,400 SH   DFND n/a 1,228,400 0 0
BANK OF AMERICA CORP COM 060505104 59,163 2,507,960 SH   DFND n/a 2,507,960 0 0
BELDEN INC COM 077454106 52,985 765,785 SH   DFND n/a 765,785 0 0
BEMIS COMPANY COM 081437105 106,168 2,172,900 SH   DFND n/a 2,172,900 0 0
BJ S RESTAURANTS INC COM 09180C106 33,582 831,230 SH   DFND n/a 831,230 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 146,826 2,700,000 SH   DFND n/a 2,700,000 0 0
BWX TECHNOLOGIES INC COM 05605H100 46,619 979,400 SH   DFND n/a 979,400 0 0
CAPITAL BANK FINANCIAL CL A CL A COM 139794101 12,373 285,100 SH   DFND n/a 285,100 0 0
CARDINAL FINANCIAL CORP COM 14149F109 58,518 1,954,500 SH   DFND n/a 1,954,500 0 0
CARLISLE COS INC COM 142339100 48,065 451,700 SH   DFND n/a 451,700 0 0
CASS INFORMATION SYSTEMS INC COM 14808P109 25,415 384,494 SH   DFND n/a 384,494 0 0
CHEVRON CORP COM 166764100 134,588 1,253,500 SH   DFND n/a 1,253,500 0 0
CHUBB LTD COM H1467J104 89,427 656,346 SH   DFND n/a 656,346 0 0
CIMAREX ENERGY CO COM 171798101 27,339 228,800 SH   DFND n/a 228,800 0 0
CISCO SYSTEMS INC COM 17275R102 196,223 5,805,416 SH   DFND n/a 5,805,416 0 0
CITIGROUP INC COM NEW 172967424 48,753 815,000 SH   DFND n/a 815,000 0 0
COMFORT SYSTEMS USA INC COM 199908104 135 3,761 SH   DFND n/a 3,761 0 0
CONOCOPHILLIPS COM 20825C104 98,558 1,976,308 SH   DFND n/a 1,976,308 0 0
COOPER TIRE & RUBBER COM 216831107 131,511 2,965,302 SH   DFND n/a 2,965,302 0 0
CORE MARK HOLDING CO INC COM 218681104 35,697 1,144,492 SH   DFND n/a 1,144,492 0 0
COVENANT TRANSPORT GRP CL A CL A 22284P105 15,982 850,119 SH   DFND n/a 850,119 0 0
CRACKER BARREL OLD COUNTRY COM 22410J106 71,600 449,609 SH   DFND n/a 449,609 0 0
DOW CHEMICAL CO/THE COM 260543103 180,536 2,841,300 SH   DFND n/a 2,841,300 0 0
DYCOM INDUSTRIES INC COM 267475101 160,548 1,727,252 SH   DFND n/a 1,727,252 0 0
ENCORE CAPITAL GROUP INC COM 292554102 68,578 2,226,559 SH   DFND n/a 2,226,559 0 0
FB FINANCIAL CORP COM 30257X104 21,339 603,475 SH   DFND n/a 603,475 0 0
FLOWSERVE CORP COM 34354P105 57,172 1,180,743 SH   DFND n/a 1,180,743 0 0
FRANCESCAS HOLDINGS CORP COM 351793104 27,065 1,763,217 SH   DFND n/a 1,763,217 0 0
FRED S INC CLASS A CL A 356108100 29,234 2,231,569 SH   DFND n/a 2,231,569 0 0
G III APPAREL GROUP LTD COM 36237H101 27,314 1,247,800 SH   DFND n/a 1,247,800 0 0
GCP APPLIED TECHNOLOGIES COM 36164Y101 5,237 160,400 SH   DFND n/a 160,400 0 0
GENUINE PARTS CO COM 372460105 113,422 1,227,379 SH   DFND n/a 1,227,379 0 0
GLACIER BANCORP INC COM 37637Q105 40,488 1,193,280 SH   DFND n/a 1,193,280 0 0
GLAXOSMITHKLINE PLC SPON ADR SPONSORED ADR 37733W105 78,165 1,854,000 SH   DFND n/a 1,854,000 0 0
GORMAN RUPP CO COM 383082104 6,839 217,812 SH   DFND n/a 217,812 0 0
HELMERICH & PAYNE COM 423452101 35,409 531,900 SH   DFND n/a 531,900 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 134,547 1,077,500 SH   DFND n/a 1,077,500 0 0
HUNTINGTON INGALLS INDUSTRIE COM 446413106 50,310 251,248 SH   DFND n/a 251,248 0 0
INTEL CORP COM 458140100 178,932 4,960,700 SH   DFND n/a 4,960,700 0 0
J2 GLOBAL INC COM 48123V102 12,245 145,935 SH   DFND n/a 145,935 0 0
JOHNSON CONTROLS INTERNATION SHS G51502105 42,457 1,008,000 SH   DFND n/a 1,008,000 0 0
JPMORGAN CHASE & CO COM 46625H100 197,763 2,251,400 SH   DFND n/a 2,251,400 0 0
KINSALE CAPITAL GROUP INC COM 49714P108 20,826 650,000 SH   DFND n/a 650,000 0 0
KNIGHT TRANSPORTATION INC COM 499064103 61,329 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 15,292 522,448 SH   DFND n/a 522,448 0 0
MANITOWOC COMPANY INC COM 563571108 12,448 2,183,900 SH   DFND n/a 2,183,900 0 0
MANTECH INTERNATIONAL CORP A CL A 564563104 46,213 1,334,466 SH   DFND n/a 1,334,466 0 0
MARATHON OIL CORP COM 565849106 47,254 2,990,784 SH   DFND n/a 2,990,784 0 0
MEDTRONIC PLC SHS G5960L103 109,779 1,362,703 SH   DFND n/a 1,362,703 0 0
MERCK & CO. INC. COM 58933Y105 118,915 1,871,500 SH   DFND n/a 1,871,500 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 98,177 205,000 SH   DFND n/a 205,000 0 0
MICROSOFT CORP COM 594918104 129,810 1,971,000 SH   DFND n/a 1,971,000 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 7,066 176,467 SH   DFND n/a 176,467 0 0
MYERS INDUSTRIES INC COM 628464109 12,890 813,244 SH   DFND n/a 813,244 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 9,776 492,000 SH   DFND n/a 492,000 0 0
NATIONAL BANKSHARES INC/VA COM 634865109 22,421 597,102 SH   DFND n/a 597,102 0 0
NATIONAL GENERAL HLDGS COM 636220303 29,666 1,248,549 SH   DFND n/a 1,248,549 0 0
NCI BUILDING SYSTEMS INC COM NEW 628852204 36,101 2,104,992 SH   DFND n/a 2,104,992 0 0
NN INC COM 629337106 33,975 1,348,200 SH   DFND n/a 1,348,200 0 0
ORION GROUP HOLDINGS INC COM 68628V308 16,965 2,271,136 SH   DFND n/a 2,271,136 0 0
PARKER HANNIFIN CORP COM 701094104 169,102 1,054,781 SH   DFND n/a 1,054,781 0 0
PFIZER INC COM 717081103 140,774 4,115,000 SH   DFND n/a 4,115,000 0 0
POLYONE CORPORATION COM 73179P106 63,201 1,853,949 SH   DFND n/a 1,853,949 0 0
PRIMORIS SERVICES CORP COM 74164F103 40,956 1,763,815 SH   DFND n/a 1,763,815 0 0
QEP RESOURCES INC COM 74733V100 15,556 1,223,910 SH   DFND n/a 1,223,910 0 0
RADIANT LOGISTICS INC COM 75025X100 7,221 1,444,100 SH   DFND n/a 1,444,100 0 0
ROWAN COMPANIES PLC A SHS CL A G7665A101 7,525 483,000 SH   DFND n/a 483,000 0 0
ROYAL DUTCH SHELL SPON ADR B SPON ADR B 780259107 55,830 1,000,000 SH   DFND n/a 1,000,000 0 0
SEAGATE TECHNOLOGY SHS G7945M107 34,218 745,000 SH   DFND n/a 745,000 0 0
SOUTHWEST AIRLINES CO COM 844741108 163,862 3,048,023 SH   DFND n/a 3,048,023 0 0
STANDEX INTERNATIONAL CORP COM 854231107 72,184 720,759 SH   DFND n/a 720,759 0 0
STATE BANK FINANCIAL CORP COM 856190103 40,675 1,557,221 SH   DFND n/a 1,557,221 0 0
STERIS PLC SHS USD G84720104 53,110 764,612 SH   DFND n/a 764,612 0 0
STERLING BANCORP/DE COM 85917A100 40,918 1,726,500 SH   DFND n/a 1,726,500 0 0
SUMMIT MATERIALS INC CL A CL A 86614U100 50,058 2,025,836 SH   DFND n/a 2,025,836 0 0
TE CONNECTIVITY LTD REG SHS H84989104 120,391 1,614,900 SH   DFND n/a 1,614,900 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 73,669 882,796 SH   DFND n/a 882,796 0 0
TRIUMPH GROUP INC COM 896818101 30,570 1,187,200 SH   DFND n/a 1,187,200 0 0
UNITED NATURAL FOODS INC COM 911163103 48,932 1,131,900 SH   DFND n/a 1,131,900 0 0
VISA INC CLASS A SHARES COM CL A 92826C839 122,641 1,380,000 SH   DFND n/a 1,380,000 0 0
WELBILT INC COM 949090104 42,870 2,183,900 SH   DFND n/a 2,183,900 0 0
WELLS FARGO & CO COM 949746101 73,849 1,326,789 SH   DFND n/a 1,326,789 0 0
WENDY S CO/THE COM 95058W100 2,912 213,974 SH   DFND n/a 213,974 0 0
WERNER ENTERPRISES INC COM 950755108 49,238 1,879,306 SH   DFND n/a 1,879,306 0 0
WESTERN DIGITAL CORP COM 958102105 62,201 753,683 SH   DFND n/a 753,683 0 0
WESTLAKE CHEMICAL CORP COM 960413102 53,580 811,200 SH   DFND n/a 811,200 0 0