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 77,202 2,413,329 SH   SOLE   0 1,105,420 1,307,909
AGCO CORPORATION COM 001084102 34,420 594,891 SH   SOLE   0 282,140 312,751
AKORN INC COM 009728106 2,990 136,990 SH   SOLE   0 84,240 52,750
ALCOA CORP NEW COM 013872106 182,933 6,514,702 SH   SOLE   0 1,567,353 4,947,349
ALLEGHANY CORPORATION COM 017175100 102,277 168,185 SH   SOLE   0 14,834 153,351
ALLERGAN PLC COM G0177J108 3,465 16,500 SH   SOLE   0 0 16,500
ALLY FINANCIAL INC COM 02005N100 206,261 10,844,420 SH   SOLE   0 901,570 9,942,850
ALPHABET INC. CL C COM 02079K107 226,836 293,897 SH   SOLE   0 54,911 238,986
ALPHABET INC. CL A COM 02079K305 222,457 280,721 SH   SOLE   0 54,827 225,894
AMC NETWORKS INC - A COM 00164V103 1,842 35,200 SH   SOLE   0 0 35,200
AMERICAN EXPRESS COMPANY COM 025816109 426,041 5,751,094 SH   SOLE   0 1,149,034 4,602,060
AMERICAN INTL GROUP INC COM 026874784 712,232 10,905,410 SH   SOLE   0 2,578,580 8,326,830
AMERISOURCEBERGEN CORP COM 03073E105 13,496 172,600 SH   SOLE   0 73,090 99,510
ANALOG DEVICES INC COM 032654105 346,758 4,774,970 SH   SOLE   0 947,920 3,827,050
ANTHEM INC COM 036752103 5,420 37,700 SH   SOLE   0 0 37,700
AON PLC COM G0408V102 606,181 5,435,140 SH   SOLE   0 1,155,610 4,279,530
APOLLO EDUCATION GRP CL A COM 037604105 8,323 840,714 SH   SOLE   0 527,470 313,244
APPLE INC COM 037833100 1,807 15,600 SH   SOLE   0 0 15,600
ARCONIC INC COM 03965L100 380,544 20,525,546 SH   SOLE   0 4,885,767 15,639,779
ARRIS GROUP INC COM G0551A103 94,779 3,145,682 SH   SOLE   0 1,423,828 1,721,854
ARROW ELECTRONICS INC. COM 042735100 37,398 524,523 SH   SOLE   0 245,440 279,083
AVNET INC COM 053807103 83,800 1,760,140 SH   SOLE   0 809,740 950,400
BABCOCK & WILCOX ENTERPRISES I COM 05614L100 65,574 3,952,609 SH   SOLE   0 1,796,090 2,156,519
BANK OF AMERICA CORP COM 060505104 601,993 27,239,510 SH   SOLE   0 6,450,160 20,789,350
BANK OF AMERICA CORP COM 060505104 831 37,600 SH Call SOLE   0 37,600 0
CARDINAL HEALTH INC. COM 14149Y108 7,093 98,560 SH   SOLE   0 0 98,560
CBS CORP CL B NON VOTING COM 124857202 6,199 97,440 SH   SOLE   0 0 97,440
CIMAREX ENERGY CO COM 171798101 48,736 358,614 SH   SOLE   0 171,470 187,144
CISCO SYSTEMS INC COM 17275R102 461,457 15,269,920 SH   SOLE   0 3,043,210 12,226,710
CIT GROUP INC. COM 125581801 582,262 13,642,498 SH   SOLE   0 2,417,058 11,225,440
CITIGROUP INC COM 172967424 665,821 11,203,455 SH   SOLE   0 2,631,965 8,571,490
CITIGROUP INC COM 172967424 59 1,000 SH Call SOLE   0 1,000 0
CITIGROUP INC COM 172967424 59 1,000 SH Call SOLE   0 1,000 0
COMERICA INC COM 200340107 12,861 188,830 SH   SOLE   0 188,830 0
CUBIC CORP COM 229669106 26,536 553,408 SH   SOLE   0 267,108 286,300
CVS HEALTH CORPORATION COM 126650100 12,768 161,800 SH   SOLE   0 57,540 104,260
DANA INC COM 235825205 60,572 3,191,334 SH   SOLE   0 1,439,350 1,751,984
DELTA AIR LINES INC COM 247361702 2,582 52,500 SH   SOLE   0 0 52,500
DEVRY EDUCATION GROUP INC. COM 251893103 51,468 1,649,619 SH   SOLE   0 789,407 860,212
DISCOVERY COMMUNICATIONS SER C COM 25470F302 1,192 44,500 SH   SOLE   0 0 44,500
DISNEY WALT CO /THE COM 254687106 2,372 22,763 SH   SOLE   0 0 22,763
DOLLAR GENERAL CORP COM 256677105 4,518 61,000 SH   SOLE   0 0 61,000
ESTERLINE TECHNOLOGIES CORP COM 297425100 325,501 3,649,114 SH   SOLE   0 785,243 2,863,871
FOOT LOCKER INC COM 344849104 10,402 146,740 SH   SOLE   0 70,220 76,520
FOREST CITY REALTY TRUST-A COM 345605109 23,842 1,144,060 SH   SOLE   0 1,144,060 0
GENERAL ELECTRIC COMPANY COM 369604103 258,555 8,182,110 SH   SOLE   0 1,649,430 6,532,680
HCA HOLDINGS INC COM 40412C101 1,221 16,500 SH   SOLE   0 0 16,500
HELMERICH & PAYNE INC COM 423452101 31,348 405,009 SH   SOLE   0 194,231 210,778
HIBBETT SPORTS INC COM 428567101 9,356 250,840 SH   SOLE   0 118,840 132,000
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 32,250 2,972,377 SH   SOLE   0 1,333,870 1,638,507
INTERDIGITAL INC COM 45867G101 44,111 482,879 SH   SOLE   0 220,974 261,905
JOY GLOBAL INC COM 481165108 4,645 165,900 SH   SOLE   0 0 165,900
KLX INC COM 482539103 26,823 594,620 SH   SOLE   0 594,620 0
LABORATORY CORP AMER HLDGS COM 50540R409 2,619 20,400 SH   SOLE   0 0 20,400
LEGG MASON INC COM 524901105 120,605 4,032,260 SH   SOLE   0 362,941 3,669,319
LEUCADIA NATIONAL CORP COM 527288104 505,452 21,739,887 SH   SOLE   0 4,631,927 17,107,960
LPL FINL HLDGS INC COM 50212V100 161,490 4,586,490 SH   SOLE   0 420,520 4,165,970
MADISON SQUARE GARDEN CO CL A COM 55825T103 5,651 32,950 SH   SOLE   0 0 32,950
MCKESSON CORP COM 58155Q103 8,034 57,200 SH   SOLE   0 8,900 48,300
MEDNAX INC COM 58502B106 2,438 36,570 SH   SOLE   0 0 36,570
MICROSOFT CORP COM 594918104 530,716 8,540,650 SH   SOLE   0 1,971,980 6,568,670
MYLAN NV COM N59465109 117,721 3,085,731 SH   SOLE   0 626,310 2,459,421
NEXEO SOLUTIONS INC COM 65342H102 189,743 20,380,574 SH   SOLE   0 2,688,857 17,691,717
NOBLE ENERGY INC COM 655044105 65,308 1,715,931 SH   SOLE   0 792,051 923,880
OCCIDENTAL PETROLEUM CORP COM 674599105 56,029 786,590 SH   SOLE   0 151,170 635,420
OMNICOM GROUP INC COM 681919106 1,745 20,500 SH   SOLE   0 0 20,500
ORACLE CORPORATION COM 68389X105 837,622 21,784,700 SH   SOLE   0 5,090,930 16,693,770
OSHKOSH CORP COM 688239201 15,693 242,890 SH   SOLE   0 115,890 127,000
OWENS ILLINOIS INC COM 690768403 170,524 9,794,580 SH   SOLE   0 881,680 8,912,900
PAR PACIFIC HOLDINGS INC. COM 69888T207 559 38,479 SH   SOLE   0 38,479 0
PATTERSON-UTI ENERGY INC COM 703481101 44,979 1,670,853 SH   SOLE   0 756,155 914,698
PATTERSON COMPANIES INC COM 703395103 1,846 45,000 SH   SOLE   0 0 45,000
PERRIGO CO PLC COM G97822103 107,995 1,297,550 SH   SOLE   0 262,560 1,034,990
PRICELINE GRP INC COM 741503403 1,466 1,000 SH   SOLE   0 0 1,000
QUALCOMM INC COM 747525103 151,934 2,330,270 SH   SOLE   0 466,610 1,863,660
REGIS CORP COM 758932107 10,626 731,831 SH   SOLE   0 731,831 0
RITE AID CORP COM 767754104 1,393 169,000 SH   SOLE   0 0 169,000
ROBERT HALF INTL INC COM 770323103 3,585 73,500 SH   SOLE   0 0 73,500
ROWAN COMPANIES PLC COM G7665A101 32,576 1,724,488 SH   SOLE   0 767,670 956,818
RUSH ENTERPRISES INC CL A COM 781846209 12,110 379,613 SH   SOLE   0 379,613 0
SIGNET JEWELERS LIMITED COM G81276100 8,746 92,790 SH   SOLE   0 29,070 63,720
SM ENERGY COMPANY COM 78454L100 19,608 568,673 SH   SOLE   0 269,260 299,413
SOUTHWEST AIRLINES CO COM 844741108 2,086 41,850 SH   SOLE   0 0 41,850
SPX CORP COM 784635104 948 39,970 SH   SOLE   0 39,970 0
TE CONNECTIVITY LTD COM H84989104 434,861 6,276,860 SH   SOLE   0 1,261,800 5,015,060
TEMPUR SEALY INTERNATIONAL COM 88023U101 8,009 117,300 SH   SOLE   0 0 117,300
THERMO FISHER SCIENTIFIC INC COM 883556102 206,020 1,460,100 SH   SOLE   0 293,170 1,166,930
TIME WARNER INC COM 887317303 6,504 67,380 SH   SOLE   0 0 67,380
TWENTY FIRST CENTY FOX INC CL COM 90130A101 6,435 229,500 SH   SOLE   0 0 229,500
TWENTY FIRST CENTY FOX INC CL COM 90130A200 4,087 150,000 SH   SOLE   0 0 150,000
UNITED TECHNOLOGIES CORP COM 913017109 692,867 6,320,626 SH   SOLE   0 1,314,756 5,005,870
VEECO INSTRUMENTS INC COM 922417100 44,651 1,531,780 SH   SOLE   0 721,500 810,280
VISTA OUTDOOR INC COM 928377100 19,974 541,292 SH   SOLE   0 253,442 287,850
WESTERN DIGITAL CORP. COM 958102105 116,875 1,720,010 SH   SOLE   0 763,290 956,720
WHIRLPOOL CORP. COM 963320106 5,021 27,625 SH   SOLE   0 0 27,625
YAHOO INC COM 984332106 280,878 7,263,460 SH   SOLE   0 2,416,190 4,847,270
FEDERAL HOME LN MTG CORP PFD PFD 313400863 72 6,023 SH   SOLE   0 6,023 0
FEDERAL HOME LN MTG CORP PFD 5 PFD 313400731 113 9,580 SH   SOLE   0 9,580 0
FEDERAL HOME LN MTG CORP PFD6. PFD 313400640 174 26,000 SH   SOLE   0 26,000 0
FEDERAL HOME LN MTG CORP V 5.5 PFD 313400673 183 31,047 SH   SOLE   0 31,047 0
FEDERAL HOME LN MTG CORP W 5.6 PFD 313400665 264 44,052 SH   SOLE   0 44,052 0
FEDERAL HOME LN MTG H 5.10 PFD 313400855 161 13,725 SH   SOLE   0 13,725 0
58 COM INC ADR 31680Q104 20,023 715,110 SH   SOLE   0 715,110 0
BAIDU INC SPON ADR REP A ADR 056752108 287,882 1,751,000 SH   SOLE   0 401,570 1,349,430
TAIWAN SEMICONDUCTOR MFG ADR 874039100 1,030 35,820 SH   SOLE   0 0 35,820
FLUIDIGM CORP CV 34385PAA6 10,519 15,000,000 PRN   SOLE   0 15,000,000 0
HORNBECK OFFSHORE SVCS INC CV 440543AN6 4,584 6,491,000 PRN   SOLE   0 6,491,000 0
UTI WORLDWIDE INC CV 90349LAB0 2,096 2,035,000 PRN   SOLE   0 2,035,000 0
WALTER INVESTMENT MGMT CV 93317WAA0 21,585 31,283,000 PRN   SOLE   0 2,442,000 28,841,000
AMERICAN INTL GROUP WT WT 026874156 26,222 1,117,716 SH   SOLE   0 1,117,716 0
FORESIGHT ENERGY LLC WT EXP 10 WT 345525117 0 16,260 SH   SOLE   0 16,260 0
NEXEO SOLUTIONS INC WT WT 65342H110 63 89,388 SH   SOLE   0 89,388 0