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
AGILENT TECHNOLOGIES INC COMMON 00846U101 860 10,700 SH   SOLE   10,700 0 0
AECOM COMMON 00766T100 47,878 1,613,689 SH   SOLE   470,640 1,143,049 0
ADIENT PLC COMMON G0084W101 23,169 1,787,748 SH   SOLE   510,097 1,277,651 0
TD AMERITRADE HLDG CORP COMMON 87236Y108 358 7,170 SH   SOLE   5,170 2,000 0
CITIGROUP INC COMMON 172967424 756,345 12,155,981 SH   SOLE   3,144,670 9,011,311 0
D R HORTON INC COMMON 23331A109 353,586 8,544,846 SH   SOLE   1,395,700 7,149,146 0
Airbus Group NV (EADSY) COMMON 009279100 306,960 9,270,904 SH   SOLE   614,360 8,656,544 0
FORD MTR CO DEL COMMON 345370860 284,803 32,437,748 SH   SOLE   7,114,876 25,322,872 0
FIAT CHRYSLER AUTOMOBILES N COMMON N31738102 25,500 1,717,200 SH   SOLE   1,265,200 452,000 0
FEDEX CORP COMMON 31428X106 498,872 2,749,967 SH   SOLE   578,811 2,171,156 0
General Motors Co (GM) COMMON 37045V100 754,274 20,330,837 SH   SOLE   4,902,590 15,428,247 0
GOLDMAN SACHS GROUP INC COMMON 38141G104 642,001 3,343,927 SH   SOLE   819,240 2,524,687 0
JPMORGAN CHASE & CO COMMON 46625H100 503,171 4,970,573 SH   SOLE   418,010 4,552,563 0
LENNAR CORP COMMON 526057104 459,202 9,354,285 SH   SOLE   2,396,629 6,957,656 0
LENNAR CORP COMMON 526057302 22,482 574,697 SH   SOLE   357,780 216,917 0
3M CO COMMON 88579Y101 5,195 25,000 SH   SOLE   25,000 0 0
MERITAGE HOMES CORP COMMON 59001A102 4,284 95,825 SH   SOLE   0 95,825 0
PULTE GROUP INC COMMON 745867101 191,202 6,838,395 SH   SOLE   1,133,810 5,704,585 0
QUANTA SVCS INC COMMON 74762E102 105,164 2,786,550 SH   SOLE   690,000 2,096,550 0
TAYLOR MORRISON HOME CORP COMMON 87724P106 48,871 2,753,295 SH   SOLE   1,099,565 1,653,730 0
TOLL BROTHERS INC COMMON 889478103 157,053 4,338,475 SH   SOLE   1,163,966 3,174,509 0
TRI POINTE GROUP INC COMMON 87265H109 61,179 4,840,080 SH   SOLE   854,400 3,985,680 0
UNION PAC CORP COMMON 907818108 340 2,032 SH   SOLE   2,032 0 0
WHIRLPOOL CORP COMMON 963320106 376,448 2,832,782 SH   SOLE   861,076 1,971,706 0