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 58,797 2,313,039 SH   SOLE   0 1,008,940 1,304,099
AGCO CORPORATION COM 001084102 35,585 721,511 SH   SOLE   0 326,160 395,351
ALCOA INC COM 013817507 623,428 61,482,080 SH   SOLE   0 14,562,740 46,919,340
ALLEGHANY CORPORATION COM 017175100 88,134 167,868 SH   SOLE   0 14,517 153,351
ALLY FINANCIAL INC COM 02005N100 210,174 10,794,780 SH   SOLE   0 851,930 9,942,850
ALPHABET INC. CL C COM 02079K107 226,062 290,834 SH   SOLE   0 53,721 237,113
ALPHABET INC. CL A COM 02079K305 224,831 279,620 SH   SOLE   0 53,726 225,894
AMERICAN EXPRESS COMPANY COM 025816109 376,831 5,884,304 SH   SOLE   0 1,166,274 4,718,030
AMERICAN INTL GROUP INC COM 026874784 684,435 11,534,120 SH   SOLE   0 2,695,410 8,838,710
AMERIPRISE FINANCIAL INC COM 03076C106 3,781 37,900 SH   SOLE   0 0 37,900
AMERISOURCEBERGEN CORP COM 03073E105 13,943 172,600 SH   SOLE   0 73,090 99,510
ANALOG DEVICES INC COM 032654105 306,545 4,756,330 SH   SOLE   0 929,280 3,827,050
ANTHEM INC COM 036752103 4,066 32,450 SH   SOLE   0 0 32,450
AON PLC COM G0408V102 615,257 5,469,440 SH   SOLE   0 1,189,910 4,279,530
APOLLO EDUCATION GRP CL A COM 037604105 23,983 3,016,689 SH   SOLE   0 1,287,895 1,728,794
ARRIS GROUP INC COM G0551A103 88,328 3,117,814 SH   SOLE   0 1,348,110 1,769,704
ARROW ELECTRONICS INC. COM 042735100 35,782 559,353 SH   SOLE   0 254,060 305,293
AVNET INC COM 053807103 58,725 1,430,230 SH   SOLE   0 662,750 767,480
BABCOCK & WILCOX ENTERPRISES I COM 05614L100 51,113 3,097,759 SH   SOLE   0 1,361,139 1,736,620
BANK OF AMERICA CORP COM 060505104 515,560 32,943,120 SH   SOLE   0 7,409,710 25,533,410
BANK OF AMERICA CORP COM 060505104 588 37,600 SH Call SOLE   0 37,600 0
CARDINAL HEALTH INC. COM 14149Y108 7,658 98,560 SH   SOLE   0 0 98,560
CBS CORP CL B NON VOTING COM 124857202 11,179 204,220 SH   SOLE   0 57,620 146,600
CIMAREX ENERGY CO COM 171798101 49,850 370,990 SH   SOLE   0 168,880 202,110
CISCO SYSTEMS INC COM 17275R102 531,246 16,747,990 SH   SOLE   0 3,362,560 13,385,430
CIT GROUP INC. COM 125581801 523,554 14,422,976 SH   SOLE   0 2,418,568 12,004,408
CIT GROUP INC. COM 125581801 508 14,000 SH Call SOLE   0 14,000 0
CIT GROUP INC. COM 125581801 181 5,000 SH Call SOLE   0 5,000 0
CITIGROUP INC COM 172967424 653,700 13,840,775 SH   SOLE   0 3,198,735 10,642,040
CITIGROUP INC COM 172967424 47 1,000 SH Call SOLE   0 1,000 0
CITIGROUP INC COM 172967424 47 1,000 SH Call SOLE   0 1,000 0
COMERICA INC COM 200340107 9,406 198,770 SH   SOLE   0 198,770 0
CUBIC CORP COM 229669106 24,606 525,647 SH   SOLE   0 239,347 286,300
CVS HEALTH CORPORATION COM 126650100 11,705 131,530 SH   SOLE   0 57,540 73,990
DANA INC COM 235825205 58,215 3,734,105 SH   SOLE   0 1,643,641 2,090,464
DELTA AIR LINES INC COM 247361702 2,812 71,450 SH   SOLE   0 0 71,450
DEVRY EDUCATION GROUP INC. COM 251893103 50,559 2,192,507 SH   SOLE   0 1,012,138 1,180,369
EBAY INC COM 278642103 819 24,900 SH   SOLE   0 0 24,900
ESTERLINE TECHNOLOGIES CORP COM 297425100 280,644 3,690,744 SH   SOLE   0 826,873 2,863,871
FOOT LOCKER INC COM 344849104 9,808 144,830 SH   SOLE   0 68,310 76,520
FOREST CITY REALTY TRUST-A COM 345605109 17,742 767,070 SH   SOLE   0 767,070 0
GENERAL ELECTRIC COMPANY COM 369604103 281,558 9,505,660 SH   SOLE   0 1,900,220 7,605,440
HALLIBURTON COMPANY COM 406216101 167,614 3,734,710 SH   SOLE   0 734,030 3,000,680
HELMERICH & PAYNE INC COM 423452101 49,478 735,193 SH   SOLE   0 339,375 395,818
HIBBETT SPORTS INC COM 428567101 9,534 238,950 SH   SOLE   0 106,950 132,000
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 36,306 2,707,399 SH   SOLE   0 1,222,012 1,485,387
INGERSOLL-RAND PLC COM G47791101 2,177 32,050 SH   SOLE   0 0 32,050
INTERDIGITAL INC COM 45867G101 54,158 683,814 SH   SOLE   0 300,156 383,658
INVESCO LIMITED COM G491BT108 5,633 180,150 SH   SOLE   0 0 180,150
JOY GLOBAL INC COM 481165108 4,602 165,900 SH   SOLE   0 0 165,900
KLX INC COM 482539103 20,931 594,620 SH   SOLE   0 594,620 0
LABORATORY CORP AMER HLDGS COM 50540R409 2,805 20,400 SH   SOLE   0 0 20,400
LEGG MASON INC COM 524901105 134,387 4,013,940 SH   SOLE   0 344,621 3,669,319
LEUCADIA NATIONAL CORP COM 527288104 426,958 22,424,270 SH   SOLE   0 4,587,827 17,836,443
LPL FINL HLDGS INC COM 50212V100 136,560 4,565,690 SH   SOLE   0 399,720 4,165,970
MADISON SQUARE GARDEN CO CL A COM 55825T103 5,582 32,950 SH   SOLE   0 0 32,950
MCKESSON CORP COM 58155Q103 13,854 83,080 SH   SOLE   0 34,780 48,300
MEDNAX INC COM 58502B106 1,562 23,570 SH   SOLE   0 0 23,570
MICROSOFT CORP COM 594918104 493,964 8,575,770 SH   SOLE   0 1,994,600 6,581,170
NEXEO SOLUTIONS INC COM 65342H102 167,936 20,380,574 SH   SOLE   0 2,688,857 17,691,717
NOBLE ENERGY INC COM 655044105 63,301 1,771,151 SH   SOLE   0 754,521 1,016,630
NORWEGIAN CRUISE LINE HLDGS LT COM G66721104 3,297 87,450 SH   SOLE   0 0 87,450
OCCIDENTAL PETROLEUM CORP COM 674599105 57,115 783,250 SH   SOLE   0 147,830 635,420
OMNICOM GROUP INC COM 681919106 2,805 33,000 SH   SOLE   0 0 33,000
ORACLE CORPORATION COM 68389X105 858,908 21,866,286 SH   SOLE   0 5,144,786 16,721,500
OSHKOSH CORP COM 688239201 17,642 315,040 SH   SOLE   0 142,520 172,520
OWENS ILLINOIS INC COM 690768403 179,681 9,770,590 SH   SOLE   0 857,690 8,912,900
PAR PACIFIC HOLDINGS INC. COM 69888T207 503 38,479 SH   SOLE   0 38,479 0
PATTERSON-UTI ENERGY INC COM 703481101 67,237 3,005,667 SH   SOLE   0 1,287,787 1,717,880
PRICELINE GRP INC COM 741503403 736 500 SH   SOLE   0 0 500
QUALCOMM INC COM 747525103 160,367 2,341,120 SH   SOLE   0 477,460 1,863,660
REGIS CORP COM 758932107 12,952 1,032,067 SH   SOLE   0 1,032,067 0
ROBERT HALF INTL INC COM 770323103 2,783 73,500 SH   SOLE   0 0 73,500
ROWAN COMPANIES PLC COM G7665A101 42,563 2,807,566 SH   SOLE   0 1,173,046 1,634,520
RUSH ENTERPRISES INC CL A COM 781846209 12,933 528,320 SH   SOLE   0 528,320 0
SIGNET JEWELERS LIMITED COM G81276100 14,128 189,560 SH   SOLE   0 34,190 155,370
SM ENERGY COMPANY COM 78454L100 24,910 645,659 SH   SOLE   0 282,526 363,133
SOUTHWEST AIRLINES CO COM 844741108 2,835 72,900 SH   SOLE   0 0 72,900
SPIRIT AIRLINES INC COM 848577102 2,843 66,850 SH   SOLE   0 0 66,850
SPX CORP COM 784635104 1,152 57,220 SH   SOLE   0 57,220 0
TE CONNECTIVITY LTD COM H84989104 431,229 6,698,190 SH   SOLE   0 1,325,480 5,372,710
TEMPUR SEALY INTERNATIONAL COM 88023U101 3,806 67,070 SH   SOLE   0 0 67,070
THERMO FISHER SCIENTIFIC INC COM 883556102 266,608 1,676,150 SH   SOLE   0 333,690 1,342,460
TIME WARNER INC COM 887317303 7,359 92,438 SH   SOLE   0 0 92,438
TRINITY INDUSTRIES INC COM 896522109 1,791 74,080 SH   SOLE   0 74,080 0
TWENTY FIRST CENTY FOX INC CL COM 90130A101 6,176 255,000 SH   SOLE   0 0 255,000
TWENTY FIRST CENTY FOX INC CL COM 90130A200 3,711 150,000 SH   SOLE   0 0 150,000
UNITED TECHNOLOGIES CORP COM 913017109 659,723 6,493,336 SH   SOLE   0 1,334,746 5,158,590
VEECO INSTRUMENTS INC COM 922417100 35,959 1,831,856 SH   SOLE   0 852,526 979,330
VISTA OUTDOOR INC COM 928377100 7,956 199,610 SH   SOLE   0 101,860 97,750
WALGREENS BOOTS ALLIANCE INC COM 931427108 6,978 86,550 SH   SOLE   0 0 86,550
WESTERN DIGITAL CORP. COM 958102105 110,229 1,885,230 SH   SOLE   0 807,660 1,077,570
WHIRLPOOL CORP. COM 963320106 4,249 26,200 SH   SOLE   0 0 26,200
YAHOO INC COM 984332106 232,934 5,404,500 SH   SOLE   0 1,991,800 3,412,700
FEDERAL HOME LN MTG CORP PFD PFD 313400863 27 6,023 SH   SOLE   0 6,023 0
FEDERAL HOME LN MTG CORP PFD 5 PFD 313400731 44 9,580 SH   SOLE   0 9,580 0
FEDERAL HOME LN MTG CORP PFD6. PFD 313400640 62 26,000 SH   SOLE   0 26,000 0
FEDERAL HOME LN MTG CORP V 5.5 PFD 313400673 73 31,047 SH   SOLE   0 31,047 0
FEDERAL HOME LN MTG CORP W 5.6 PFD 313400665 105 44,052 SH   SOLE   0 44,052 0
FEDERAL HOME LN MTG H 5.10% PFD 313400855 63 13,725 SH   SOLE   0 13,725 0
BAIDU INC SPON ADR REP A ADR 056752108 173,040 950,402 SH   SOLE   0 186,160 764,242
TAIWAN SEMICONDUCTOR MFG ADR 874039100 3,796 124,100 SH   SOLE   0 9,340 114,760
HORNBECK OFFSHORE SVCS INC CV 440543AN6 4,792 8,481,000 PRN   SOLE   0 8,481,000 0
UTI WORLDWIDE INC CV 90349LAB0 15,589 15,135,000 PRN   SOLE   0 15,135,000 0
WALTER INVESTMENT MGMT CV 93317WAA0 18,613 31,283,000 PRN   SOLE   0 2,442,000 28,841,000
AMERICAN INTL GROUP WT WT 026874156 23,696 1,117,716 SH   SOLE   0 1,117,716 0
BANK OF AMERICA CORP WT WT 060505146 239 51,677 SH   SOLE   0 51,677 0
FORESIGHT ENERGY LLC WT EXP 10 WT 345525117 0 16,260 SH   SOLE   0 16,260 0
JPMORGAN CHASE & CO WT 46634E114 246 10,000 SH   SOLE   0 10,000 0
NEXEO SOLUTIONS INC WT WT 65342H110 55 89,388 SH   SOLE   0 89,388 0