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
AARON'S INC COM 002535300 55,123 2,196,146 SH   SOLE   0 1,007,740 1,188,406
ABBVIE INC COM 00287Y109 3,202 56,050 SH   SOLE   0 0 56,050
AETNA INC NEW COM 00817Y108 3,191 28,400 SH   SOLE   0 0 28,400
AGCO CORPORATION COM 001084102 41,115 827,259 SH   SOLE   0 385,150 442,109
ALCOA INC COM 013817101 544,200 56,805,862 SH   SOLE   0 7,267,230 49,538,632
ALLEGHANY CORPORATION COM 017175100 97,835 197,169 SH   SOLE   0 16,952 180,217
ALLY FINANCIAL INC COM 02005N100 49,684 2,654,061 SH   SOLE   0 212,945 2,441,116
ALPHABET INC. CL C COM 02079K107 190,406 255,596 SH   SOLE   0 20,424 235,172
ALPHABET INC. CL A COM 02079K305 187,613 245,921 SH   SOLE   0 20,368 225,553
AMERICAN EXPRESS COMPANY COM 025816109 347,526 5,660,028 SH   SOLE   0 481,479 5,178,549
AMERICAN INTL GROUP INC COM 026874784 589,769 10,911,550 SH   SOLE   0 1,305,770 9,605,780
AMERIPRISE FINANCIAL INC COM 03076C106 7,631 81,175 SH   SOLE   0 0 81,175
AMERISOURCEBERGEN CORP COM 03073E105 8,109 93,690 SH   SOLE   0 0 93,690
ANALOG DEVICES INC COM 032654105 247,732 4,185,370 SH   SOLE   0 364,090 3,821,280
ANTHEM INC COM 036752103 6,943 49,950 SH   SOLE   0 0 49,950
AON PLC COM G0408V102 735,954 7,045,990 SH   SOLE   0 756,300 6,289,690
APOLLO EDUCATION GRP CL A COM 037604105 60,804 7,401,634 SH   SOLE   0 3,306,190 4,095,444
APPLE INC COM 037833100 3,324 30,500 SH   SOLE   0 0 30,500
ARRIS GROUP INC COM G0551A103 84,875 3,703,093 SH   SOLE   0 1,700,000 2,003,093
ARROW ELECTRONICS INC. COM 042735100 46,507 722,050 SH   SOLE   0 349,720 372,330
AVNET INC COM 053807103 55,451 1,251,710 SH   SOLE   0 600,610 651,100
BABCOCK & WILCOX ENTERPRISES I COM 05614L100 37,680 1,760,740 SH   SOLE   0 848,720 912,020
BANK OF AMERICA CORP COM 060505104 356,816 26,391,680 SH   SOLE   0 2,341,310 24,050,370
BARNES & NOBLE INC COM 067774109 1,839 148,775 SH   SOLE   0 72,091 76,684
CARDINAL HEALTH INC. COM 14149Y108 8,211 100,190 SH   SOLE   0 0 100,190
CBS CORP CL B NON VOTING COM 124857202 11,453 207,900 SH   SOLE   0 61,300 146,600
CIMAREX ENERGY CO COM 171798101 59,148 608,080 SH   SOLE   0 292,610 315,470
CISCO SYSTEMS INC COM 17275R102 505,320 17,749,200 SH   SOLE   0 1,591,470 16,157,730
CIT GROUP INC. COM 125581801 399,016 12,859,035 SH   SOLE   0 1,596,273 11,262,762
CIT GROUP INC. COM 125581801 434 14,000 SH Call SOLE   0 14,000 0
CIT GROUP INC. COM 125581801 1,552 50,000 SH Call SOLE   0 50,000 0
CITIGROUP INC COM 172967424 532,784 12,761,285 SH   SOLE   0 1,362,155 11,399,130
CITIGROUP INC COM 172967424 42 1,000 SH Call SOLE   0 1,000 0
CITIGROUP INC COM 172967424 42 1,000 SH Call SOLE   0 1,000 0
COMERICA INC COM 200340107 7,527 198,770 SH   SOLE   0 198,770 0
CUBIC CORP COM 229669106 23,611 590,867 SH   SOLE   0 304,567 286,300
CVS HEALTH CORPORATION COM 126650100 11,010 106,140 SH   SOLE   0 68,740 37,400
DANA HOLDINGS CORP COM 235825205 53,594 3,803,714 SH   SOLE   0 1,826,470 1,977,244
DELTA AIR LINES INC COM 247361702 3,936 80,850 SH   SOLE   0 0 80,850
DEVRY EDUCATION GROUP INC. COM 251893103 47,445 2,747,221 SH   SOLE   0 1,346,000 1,401,221
DISCOVERY COMMUNICATIONS SER C COM 25470F302 5,185 192,050 SH   SOLE   0 0 192,050
EBAY INC COM 278642103 594 24,900 SH   SOLE   0 0 24,900
ESTERLINE TECHNOLOGIES CORP COM 297425100 223,971 3,495,723 SH   SOLE   0 631,852 2,863,871
FOOT LOCKER INC COM 344849104 9,558 148,190 SH   SOLE   0 71,670 76,520
FOREST CITY REALTY TRUST-A COM 345605109 16,178 767,070 SH   SOLE   0 767,070 0
GENERAL ELECTRIC COMPANY COM 369604103 330,473 10,395,500 SH   SOLE   0 933,660 9,461,840
HALLIBURTON COMPANY COM 406216101 117,389 3,286,380 SH   SOLE   0 290,220 2,996,160
HELMERICH & PAYNE INC COM 423452101 59,692 1,016,550 SH   SOLE   0 497,540 519,010
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 19,435 974,667 SH   SOLE   0 385,347 589,320
INGERSOLL-RAND PLC COM G47791101 3,367 54,300 SH   SOLE   0 0 54,300
INTERDIGITAL INC COM 45867G101 83,035 1,492,091 SH   SOLE   0 701,351 790,740
INTERPUBLIC GROUP COS INC COM 460690100 30,314 1,320,868 SH   SOLE   0 118,193 1,202,675
INVESCO LIMITED COM G491BT108 6,522 211,950 SH   SOLE   0 0 211,950
JOY GLOBAL INC COM 481165108 3,470 215,900 SH   SOLE   0 0 215,900
KLX INC COM 482539103 6,240 194,150 SH   SOLE   0 194,150 0
LABORATORY CORP AMER HLDGS COM 50540R409 5,903 50,400 SH   SOLE   0 0 50,400
LEGG MASON INC COM 524901105 139,071 4,010,115 SH   SOLE   0 340,796 3,669,319
LEUCADIA NATIONAL CORP COM 527288104 338,002 20,903,000 SH   SOLE   0 3,066,557 17,836,443
LPL FINL HLDGS INC COM 50212V100 120,722 4,867,840 SH   SOLE   0 701,870 4,165,970
MADISON SQUARE GARDEN CO CL A COM 55825T103 5,507 33,100 SH   SOLE   0 0 33,100
MCDONALDS CORP COM 580135101 2,627 20,900 SH   SOLE   0 0 20,900
MCKESSON CORP COM 58155Q103 14,192 90,250 SH   SOLE   0 37,000 53,250
MICROSOFT CORP COM 594918104 526,195 9,527,339 SH   SOLE   0 1,231,709 8,295,630
NOBLE ENERGY INC COM 655044105 62,111 1,977,441 SH   SOLE   0 904,231 1,073,210
OCCIDENTAL PETROLEUM CORP COM 674599105 235,975 3,448,410 SH   SOLE   0 271,390 3,177,020
ORACLE CORPORATION COM 68389X105 1,030,135 25,180,520 SH   SOLE   0 2,847,110 22,333,410
OSHKOSH CORP COM 688239201 19,042 465,920 SH   SOLE   0 225,560 240,360
OWENS ILLINOIS INC COM 690768403 164,731 10,321,500 SH   SOLE   0 911,870 9,409,630
PAR PACIFIC HOLDINGS INC. COM 69888T207 520 27,700 SH   SOLE   0 27,700 0
PATTERSON-UTI ENERGY INC COM 703481101 74,548 4,230,870 SH   SOLE   0 1,948,750 2,282,120
PERRIGO CO PLC COM G97822103 4,171 32,600 SH   SOLE   0 0 32,600
POAGE BANKSHARES INC COM 730206109 1,304 78,627 SH   SOLE   0 78,627 0
QUALCOMM INC COM 747525103 178,098 3,482,560 SH   SOLE   0 308,200 3,174,360
REGIS CORP COM 758932107 18,063 1,189,106 SH   SOLE   0 1,189,106 0
ROWAN COMPANIES PLC COM G7665A101 55,824 3,467,300 SH   SOLE   0 1,653,950 1,813,350
RUSH ENTERPRISES INC CL A COM 781846209 10,708 587,040 SH   SOLE   0 587,040 0
SM ENERGY COMPANY COM 78454L100 28,172 1,503,298 SH   SOLE   0 713,600 789,698
SOUTHWEST AIRLINES CO COM 844741108 5,170 115,400 SH   SOLE   0 0 115,400
SPIRIT AIRLINES INC COM 848577102 3,666 76,400 SH   SOLE   0 0 76,400
SPX CORP COM 784635104 859 57,220 SH   SOLE   0 57,220 0
TE CONNECTIVITY LTD COM H84989104 405,849 6,554,410 SH   SOLE   0 564,910 5,989,500
TEMPUR SEALY INTERNATIONAL COM 88023U101 2,498 41,100 SH   SOLE   0 0 41,100
THERMO FISHER SCIENTIFIC INC COM 883556102 239,154 1,689,060 SH   SOLE   0 145,120 1,543,940
TIME WARNER INC COM 887317303 6,958 95,900 SH   SOLE   0 0 95,900
TWENTY FIRST CENTY FOX INC CL COM 90130A101 7,116 255,250 SH   SOLE   0 0 255,250
TWENTY FIRST CENTY FOX INC CL COM 90130A200 3,328 118,000 SH   SOLE   0 0 118,000
UNITED TECHNOLOGIES CORP COM 913017109 640,457 6,398,168 SH   SOLE   0 605,640 5,792,528
UNIVAR INC COM 91336L107 724 42,150 SH   SOLE   0 42,150 0
VEECO INSTRUMENTS INC COM 922417100 33,911 1,740,820 SH   SOLE   0 837,480 903,340
WALGREENS BOOTS ALLIANCE INC COM 931427108 3,909 46,400 SH   SOLE   0 0 46,400
WESTERN DIGITAL CORP. COM 958102105 87,115 1,844,090 SH   SOLE   0 822,130 1,021,960
WHIRLPOOL CORP. COM 963320106 6,889 38,200 SH   SOLE   0 0 38,200
YAHOO INC COM 984332106 143,170 3,889,440 SH   SOLE   0 476,740 3,412,700
FEDERAL HOME LN MTG CORP V 5.5 PFD 313400673 66 30,647 SH   SOLE   0 30,647 0
FEDERAL HOME LN MTG CORP W 5.6 PFD 313400665 125 43,853 SH   SOLE   0 43,853 0
FEDERAL HOME LN MTG H 5.10% PFD 313400855 8 1,925 SH   SOLE   0 1,925 0
BAIDU INC SPON ADR REP A ADR 056752108 9,410 49,300 SH   SOLE   0 4,300 45,000
TAIWAN SEMICONDUCTOR MFG ADR 874039100 4,140 158,000 SH   SOLE   0 13,400 144,600
HORNBECK OFFSHORE SVCS INC CV 440543AN6 7,335 12,000,000 PRN   SOLE   0 12,000,000 0
UTI WORLDWIDE INC CV 90349LAB0 15,230 15,135,000 PRN   SOLE   0 15,135,000 0
WALTER INVESTMENT MGMT CV 93317WAA0 18,105 31,283,000 PRN   SOLE   0 2,442,000 28,841,000
AMERICAN INTL GROUP WT WT 026874156 1,028 54,970 SH   SOLE   0 54,970 0
BANK OF AMERICA CORP WT WT 060505146 201 51,677 SH   SOLE   0 51,677 0
JPMORGAN CHASE & CO WT 46634E114 177 10,000 SH   SOLE   0 10,000 0