Holdings
| Level 3 Communications Inc. | $1.77B | 14.9% | 40,494,314 | −1,386,898 | −3.3% | Reduced |
| FDX FEDEX CORP | $919.5M | 7.8% | 6,386,107 | +1,253,469 | +24.4% | Added |
| MCD MCDONALD'S CORP | $831.7M | 7.0% | 8,441,032 | −1,428,675 | −14.5% | Reduced |
| Aon PLC | $818.7M | 6.9% | 9,239,438 | −1,768,922 | −16.1% | Reduced |
| Google Inc. CL C | $774.9M | 6.5% | 1,273,676 | −78,388 | −5.8% | Reduced |
| L LOEWS CORP | $720.4M | 6.1% | 19,933,835 | −9,584,198 | −32.5% | Reduced |
| SNI SCRIPPS NETWORKS INTER-CL A | $650.9M | 5.5% | 13,232,549 | −19,397 | −0.1% | Reduced |
| WYNN WYNN RESORTS LTD | $644.5M | 5.4% | 12,132,059 | +5,019,254 | +70.6% | Added |
| CONSOL Energy Inc. | $454.7M | 3.8% | 46,394,434 | +1,647,394 | +3.7% | Added |
| EG EVEREST GROUP LTD | $440.5M | 3.7% | 2,541,264 | −631,595 | −19.9% | Reduced |
| CHKEUR CHESAPEAKE ENERGY CORP | $424.4M | 3.6% | 57,905,526 | −2,583,047 | −4.3% | Reduced |
| GHC GRAHAM HOLDINGS CO-CLASS B | $402.3M | 3.4% | 697,292 | +20,670 | +3.1% | Added |
| E.I. du Pont de Nemours and Co | $376.5M | 3.2% | 7,810,399 | +7,810,399 | — | New |
| VSAT VIASAT INC | $299.3M | 2.5% | 4,654,902 | +1,173,665 | +33.7% | Added |
| DreamWorks Animation SKG Inc. | $287.7M | 2.4% | 16,489,738 | +39,477 | +0.2% | Added |
| PHG KONINKLIJKE PHILIPS NVR- NY | $263.2M | 2.2% | 11,218,840 | −1,804,660 | −13.9% | Reduced |
| RYN RAYONIER INC | $244.1M | 2.1% | 11,062,221 | +2,432,500 | +28.2% | Added |
| CNH CNH INDUSTRIAL NV | $226.9M | 1.9% | 34,802,209 | −6,475,386 | −15.7% | Reduced |
| MTN VAIL RESORTS INC | $188.9M | 1.6% | 1,804,884 | −582,174 | −24.4% | Reduced |
| MUR MURPHY OIL CORP | $162.5M | 1.4% | 6,713,293 | −8,236,731 | −55.1% | Reduced |
| TRCO TRIBUNE MEDIA CO - A | $145.4M | 1.2% | 4,085,000 | +4,085,000 | — | New |
| Chemtura Corporation | $138.1M | 1.2% | 4,825,900 | — | — | Held |
| NOVEUR NATIONAL OILWELL VARCO INC | $131.6M | 1.1% | 3,494,843 | +3,494,843 | — | New |
| Deltic Timber Corp | $109.3M | 0.9% | 1,827,558 | +524,458 | +40.2% | Added |
| UTXCHF RTX CORP | $98.3M | 0.8% | 1,104,100 | +1,104,100 | — | New |
| ATUEUR ACTUANT CORP-A | $97.1M | 0.8% | 5,278,020 | +5,278,020 | — | New |
| BEN FRANKLIN TEMPLETON INC | $84.1M | 0.7% | 2,256,158 | −5,974,332 | −72.6% | Reduced |
| ESRT EMPIRE STATE REALTY TRUST-A | $64.5M | 0.5% | 3,788,979 | — | — | Held |
| BIDU BAIDU INC - SPON ADR | $61.7M | 0.5% | 449,200 | +449,200 | — | New |
| Triangle Petroleum Corp. | $16.0M | 0.1% | 11,241,659 | +1,034,769 | +10.1% | Added |
| MLCO MELCO RESORTS & ENTERT-ADR | $644K | 0.0% | 46,800 | +46,800 | — | New |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| HFCUSD HOLLYFRONTIER CORP | 3,389,700 | $144.7M |
| California Resources Corporati | 13,542,619 | $81.8M |
| DOEUR DIAMOND OFFSHORE DRILLING | 1,300,896 | $33.6M |
| NOG1EUR NORTHERN OIL AND GAS INC | 871,500 | $5.9M |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.