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 46,694 1,200,369 SH   SOLE   0 601,910 598,459
AGCO CORPORATION COM 001084102 21,200 314,591 SH   SOLE   0 164,980 149,611
ALCOA CORP NEW COM 013872106 167,980 5,144,858 SH   SOLE   0 1,167,099 3,977,759
ALLEGIANT TRAVEL CO COM 01748X102 20,130 148,450 SH   SOLE   0 69,940 78,510
ALLERGAN PLC COM G0177J108 2,358 9,700 SH   SOLE   0 0 9,700
ALLY FINANCIAL INC COM 02005N100 267,248 12,787,000 SH   SOLE   0 2,555,610 10,231,390
ALPHABET INC. CL C COM 02079K107 266,866 293,669 SH   SOLE   0 55,349 238,320
ALPHABET INC. CL A COM 02079K305 261,386 281,157 SH   SOLE   0 55,263 225,894
AMC NETWORKS INC COM 00164V103 1,696 31,750 SH   SOLE   0 0 31,750
AMERICAN EXPRESS COMPANY COM 025816109 286,213 3,397,590 SH   SOLE   0 689,200 2,708,390
AMERICAN INTL GROUP INC COM 026874784 659,259 10,544,770 SH   SOLE   0 2,480,060 8,064,710
AMERISOURCEBERGEN CORP COM 03073E105 10,861 114,890 SH   SOLE   0 71,290 43,600
ANALOG DEVICES INC COM 032654105 318,099 4,088,680 SH   SOLE   0 819,470 3,269,210
ANTHEM INC COM 036752103 2,399 12,750 SH   SOLE   0 0 12,750
AON PLC COM G0408V102 648,276 4,876,090 SH   SOLE   0 1,034,470 3,841,620
APPLE INC COM 037833100 2,247 15,600 SH   SOLE   0 0 15,600
ARCONIC INC COM 03965L100 466,086 20,577,731 SH   SOLE   0 4,937,952 15,639,779
ARRIS INTERNATIONAL PLC COM G0551A103 76,560 2,732,334 SH   SOLE   0 1,354,440 1,377,894
ARROW ELECTRONICS INC. COM 042735100 33,024 421,113 SH   SOLE   0 222,030 199,083
AVNET INC COM 053807103 52,454 1,349,130 SH   SOLE   0 676,930 672,200
AXALTA COATING SYSTEMS LTD COM G0750C108 2,060 64,300 SH   SOLE   0 0 64,300
BABCOCK & WILCOX ENTERPRISES I COM 05614L100 57,844 4,918,669 SH   SOLE   0 2,477,360 2,441,309
BANK OF AMERICA CORP COM 060505104 617,295 25,444,990 SH   SOLE   0 6,075,630 19,369,360
BANK OF AMERICA CORP COM 060505104 912 37,600 SH Call SOLE   0 37,600 0
CARDINAL HEALTH INC. COM 14149Y108 4,075 52,300 SH   SOLE   0 0 52,300
CBS CORP CL B COM 124857202 6,305 98,850 SH   SOLE   0 0 98,850
CIMAREX ENERGY CO COM 171798101 42,605 453,200 SH   SOLE   0 234,440 218,760
CISCO SYSTEMS INC COM 17275R102 450,377 14,389,050 SH   SOLE   0 2,899,000 11,490,050
CIT GROUP INC. COM 125581801 532,985 10,944,251 SH   SOLE   0 1,852,396 9,091,855
CITIGROUP INC COM 172967424 746,453 11,161,085 SH   SOLE   0 2,579,995 8,581,090
CITIGROUP INC COM 172967424 67 1,000 SH Call SOLE   0 1,000 0
CITIGROUP INC COM 172967424 67 1,000 SH Call SOLE   0 1,000 0
CME GROUP INC COM 12572Q105 13,963 111,486 SH   SOLE   0 111,486 0
COMERICA INC COM 200340107 12,836 175,260 SH   SOLE   0 175,260 0
CUBIC CORP COM 229669106 20,736 447,858 SH   SOLE   0 232,315 215,543
CVS HEALTH CORPORATION COM 126650100 34,847 433,092 SH   SOLE   0 327,052 106,040
DANA INC COM 235825205 23,943 1,072,214 SH   SOLE   0 560,670 511,544
DELTA AIR LINES INC COM 247361702 2,429 45,200 SH   SOLE   0 0 45,200
DISCOVERY COMMUNICATIONS INC COM 25470F302 1,795 71,200 SH   SOLE   0 0 71,200
DOLLAR GENERAL CORP COM 256677105 24,247 336,341 SH   SOLE   0 302,061 34,280
ESTERLINE TECHNOLOGIES CORP COM 297425100 320,061 3,376,171 SH   SOLE   0 512,300 2,863,871
EXPRESS SCRIPTS HOLDING CO COM 30219G108 2,554 40,000 SH   SOLE   0 0 40,000
EXXON MOBIL CORPORATION COM 30231G102 21,293 263,751 SH   SOLE   0 263,751 0
FEDERATED INVESTORS INC-CL B COM 314211103 8,748 309,670 SH   SOLE   0 160,540 149,130
FOOT LOCKER INC COM 344849104 16,409 332,980 SH   SOLE   0 173,760 159,220
FOREST CITY RLTY TR INC COM 345605109 23,853 986,897 SH   SOLE   0 986,897 0
GENERAL ELECTRIC COMPANY COM 369604103 442,011 16,364,720 SH   SOLE   0 4,140,310 12,224,410
GOODYEAR TIRE & RUBR CO COM 382550101 2,279 65,200 SH   SOLE   0 0 65,200
HCA HEALTHCARE INC COM 40412C101 1,439 16,500 SH   SOLE   0 0 16,500
HD SUPPLY HLDGS INC COM 40416M105 2,404 78,500 SH   SOLE   0 0 78,500
HELMERICH & PAYNE INC COM 423452101 28,599 526,299 SH   SOLE   0 276,211 250,088
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 44,526 3,619,997 SH   SOLE   0 1,749,920 1,870,077
INTERDIGITAL INC COM 45867G101 29,403 380,377 SH   SOLE   0 189,952 190,425
JONES LANG LASALLE INC COM 48020Q107 2,106 16,850 SH   SOLE   0 0 16,850
KKR & CO LP COM 48248M102 1,185 63,700 SH   SOLE   0 0 63,700
KLX INC COM 482539103 290 5,810 SH   SOLE   0 5,810 0
LABORATORY CORP AMER HLDGS COM 50540R409 4,875 31,630 SH   SOLE   0 0 31,630
LEGG MASON INC COM 524901105 152,702 4,001,620 SH   SOLE   0 332,301 3,669,319
LEUCADIA NATIONAL CORP COM 527288104 527,004 20,145,397 SH   SOLE   0 4,048,477 16,096,920
LPL FINL HLDGS INC COM 50212V100 193,165 4,549,350 SH   SOLE   0 383,380 4,165,970
MADISON SQUARE GARDEN CO COM 55825T103 5,257 26,700 SH   SOLE   0 0 26,700
MCKESSON CORP COM 58155Q103 4,369 26,550 SH   SOLE   0 0 26,550
MEDICAL PPTYS TRUST INC COM 58463J304 1,808 140,500 SH   SOLE   0 0 140,500
MEDNAX INC COM 58502B106 3,415 56,570 SH   SOLE   0 0 56,570
MICROSOFT CORP COM 594918104 549,673 7,974,369 SH   SOLE   0 2,020,069 5,954,300
MYLAN NV COM N59465109 317,834 8,187,380 SH   SOLE   0 1,662,810 6,524,570
NEXEO SOLUTIONS INC COM 65342H102 205,873 24,803,969 SH   SOLE   0 3,244,957 21,559,012
NOBLE ENERGY INC COM 655044105 48,690 1,720,505 SH   SOLE   0 859,631 860,874
NORWEGIAN CRUISE LINE HLDGS LT COM G66721104 1,954 36,000 SH   SOLE   0 0 36,000
OCCIDENTAL PETROLEUM CORP COM 674599105 47,201 788,390 SH   SOLE   0 152,970 635,420
ORACLE CORPORATION COM 68389X105 1,073,107 21,402,219 SH   SOLE   0 5,433,649 15,968,570
OSHKOSH CORP COM 688239201 7,262 105,430 SH   SOLE   0 67,110 38,320
OWENS ILLINOIS INC COM 690768403 232,522 9,720,830 SH   SOLE   0 807,930 8,912,900
PAR PACIFIC HOLDINGS INC. COM 69888T207 1,770 98,111 SH   SOLE   0 98,111 0
PATTERSON-UTI ENERGY INC COM 703481101 35,528 1,759,675 SH   SOLE   0 921,405 838,270
PATTERSON COMPANIES INC COM 703395103 1,223 26,050 SH   SOLE   0 0 26,050
PHI INC COM NON VTG COM 69336T205 151 15,500 SH   SOLE   0 15,500 0
PHILIP MORRIS INTL INC COM 718172109 11,624 98,973 SH   SOLE   0 98,973 0
PLAINS ALL AMERN PIPELINE L P COM 726503105 1,610 61,300 SH   SOLE   0 0 61,300
PRICELINE GRP INC COM 741503403 1,871 1,000 SH   SOLE   0 0 1,000
QUALCOMM INC COM 747525103 166,774 3,020,180 SH   SOLE   0 610,040 2,410,140
REALOGY HLDGS CORP COM 75605Y106 1,217 37,500 SH   SOLE   0 0 37,500
REGIS CORP COM 758932107 7,572 737,261 SH   SOLE   0 737,261 0
ROWAN COMPANIES PLC COM G7665A101 25,951 2,534,252 SH   SOLE   0 1,206,332 1,327,920
RUSH ENTERPRISES INC CL A COM 781846209 12,095 325,313 SH   SOLE   0 325,313 0
SIGNET JEWELERS LIMITED COM G81276100 14,551 230,090 SH   SOLE   0 105,270 124,820
SM ENERGY COMPANY COM 78454L100 28,504 1,724,380 SH   SOLE   0 799,320 925,060
SOUTHWEST AIRLINES CO COM 844741108 2,473 39,800 SH   SOLE   0 0 39,800
SPX CORP COM 784635104 676 26,880 SH   SOLE   0 26,880 0
TE CONNECTIVITY LTD COM H84989104 453,498 5,763,830 SH   SOLE   0 1,165,090 4,598,740
TEMPUR SEALY INTERNATIONAL COM 88023U101 4,180 78,300 SH   SOLE   0 0 78,300
THERMO FISHER SCIENTIFIC INC COM 883556102 255,166 1,462,520 SH   SOLE   0 295,590 1,166,930
TIME WARNER INC COM 887317303 5,743 57,200 SH   SOLE   0 0 57,200
TWENTY FIRST CENTY FOX INC CL COM 90130A101 5,753 203,000 SH   SOLE   0 0 203,000
TWENTY FIRST CENTY FOX INC CL COM 90130A200 4,180 150,000 SH   SOLE   0 0 150,000
UNITED TECHNOLOGIES CORP COM 913017109 689,364 5,645,435 SH   SOLE   0 1,177,215 4,468,220
VEECO INSTRUMENTS INC COM 922417100 30,908 1,109,817 SH   SOLE   0 581,040 528,777
VISTA OUTDOOR INC COM 928377100 17,011 755,690 SH   SOLE   0 389,180 366,510
WALTER INVESTMENT MGMT COM 93317W102 265 279,750 SH   SOLE   0 279,750 0
WESTERN DIGITAL CORP. COM 958102105 78,145 882,000 SH   SOLE   0 454,320 427,680
WHIRLPOOL CORP. COM 963320106 3,928 20,500 SH   SOLE   0 0 20,500
WILLIS TOWERS WATSON COM G96629103 2,386 16,400 SH   SOLE   0 0 16,400
58 COM INC ADR 31680Q104 33,597 761,654 SH   SOLE   0 761,654 0
BAIDU INC SPON ADR REP A ADR 056752108 317,190 1,773,400 SH   SOLE   0 404,970 1,368,430
ALTABA INC MFUS 021346101 409,931 7,524,430 SH   SOLE   0 2,677,160 4,847,270
HORNBECK OFFSHORE SVCS INC CV 440543AN6 3,618 4,991,000 PRN   SOLE   0 4,991,000 0
WALTER INVESTMENT MGMT CV 93317WAA0 10,509 30,909,000 PRN   SOLE   0 2,068,000 28,841,000
AMERICAN INTL GROUP WT WT 026874156 23,561 1,117,716 SH   SOLE   0 1,117,716 0
NEXEO SOLUTIONS INC WT WT 65342H110 49 89,388 SH   SOLE   0 89,388 0