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
AHOLD DELHAIZE NV-ADR COM 500467501 64,161 2,704,953 SH   SOLE 0 1,006,779 0 1,698,174
ALBEMARLE CORP COM 012653101 460 4,965 SH   SOLE 0 4,965 0 0
ARCONIC INC COM 03965L100 60,738 2,636,217 SH   SOLE 0 1,003,723 0 1,632,494
ALLEGHENY TECHNOLOGIES COM 01741R102 71,118 3,003,279 SH   SOLE 0 1,163,009 0 1,840,270
BIG LOTS INC COM 089302103 47,624 1,094,042 SH   SOLE 0 422,556 0 671,486
BALL CORP COM 058498106 89,182 2,245,836 SH   SOLE 0 862,536 0 1,383,300
CONAGRA BRANDS, INC. COM 205887102 116,339 3,154,533 SH   SOLE 0 1,190,253 0 1,964,280
CALERES INC COM 129500104 801 23,843 SH   SOLE 0 23,843 0 0
CROWN HOLDINGS INC COM 228368106 88,563 1,745,081 SH   SOLE 0 672,737 0 1,072,344
CONSOL ENERGY INC COM 20854L108 104 3,585 SH   SOLE 0 3,585 0 0
CNX Resources COM 12653C108 443 28,690 SH   SOLE 0 28,690 0 0
DOMINION ENERGY, INC COM 25746U109 108,106 1,603,226 SH   SOLE 0 624,119 0 979,107
NOW INC COM 67011P100 352 34,450 SH   SOLE 0 34,450 0 0
DEVON ENERGY COM 25179M103 53,570 1,685,130 SH   SOLE 0 638,518 0 1,046,612
DOWDUPONT INC COM 26078J100 117,815 1,849,238 SH   SOLE 0 641,726 0 1,207,512
ENCOMPASS HEALTH CORP COM 29261A100 1,062 18,573 SH   SOLE 0 18,573 0 0
SPX FLOW INC COM 78469X107 9,778 198,773 SH   SOLE 0 59,279 0 139,494
FMC CORP COM 302491303 60,072 784,537 SH   SOLE 0 305,072 0 479,465
GGP INC COM 36174X101 20,284 991,406 SH   SOLE 0 370,240 0 621,166
HANESBRANDS IND COM 410345102 81,264 4,411,733 SH   SOLE 0 1,680,038 0 2,731,695
HD SUPPLY HOLDINGS COM 40416M105 101,303 2,670,078 SH   SOLE 0 1,022,171 0 1,647,907
HARRIS CORPORATION COM 413875105 895 5,550 SH   SOLE 0 5,550 0 0
INTERNATIONAL PAPER COM 460146103 72,852 1,363,499 SH   SOLE 0 516,355 0 847,144
ITT INC COM 45073V108 748 15,277 SH   SOLE 0 15,277 0 0
RUSSELL MIDCAP VALUE ETF COM 464287473 3,653 42,270 SH   SOLE 0 42,270 0 0
JOHNSON CONTROLS INTL COM G51502105 98,406 2,792,443 SH   SOLE 0 1,045,470 0 1,746,973
KINDER MORGAN COM 49456B101 38 2,529 SH   SOLE 0 2,529 0 0
KROGER CO COM 501044101 29,485 1,231,630 SH   SOLE 0 475,430 0 756,200
LAMB WESTON COM 513272104 30,154 517,925 SH   SOLE 0 195,481 0 322,444
MACERICH COMPANY COM 554382101 39,353 702,490 SH   SOLE 0 259,790 0 442,700
MATTEL INC COM 577081102 29,064 2,210,207 SH   SOLE 0 838,217 0 1,371,990
MARTIN MARIETTA COM 573284106 776 3,742 SH   SOLE 0 3,742 0 0
NABORS INDUSTRIES COM G6359F103 629 89,931 SH   SOLE 0 89,931 0 0
NATIONAL FUEL GAS COM 636180101 723 14,044 SH   SOLE 0 14,044 0 0
NISOURCE INC COM 65473P105 872 36,458 SH   SOLE 0 36,458 0 0
OWENS CORNING COM 690742101 57,834 719,333 SH   SOLE 0 276,534 0 442,799
OWENS ILLINOIS COM 690768403 88,498 4,085,780 SH   SOLE 0 1,591,402 0 2,494,378
ONEOK INC COM 682680103 128,857 2,263,821 SH   SOLE 0 872,385 0 1,391,436
OCCIDENTAL PETROLEUM COM 674599105 94,084 1,448,331 SH   SOLE 0 516,301 0 932,030
PACKAGING CORP OF AMERICA COM 695156109 1,068 9,480 SH   SOLE 0 9,480 0 0
PERRIGO COMPANY PLC COM G97822103 85,989 1,031,782 SH   SOLE 0 386,530 0 645,252
REPUBLIC SERVICES INC COM 760759100 100,441 1,516,545 SH   SOLE 0 570,646 0 945,899
RAYTHEON COM 755111507 115,515 535,239 SH   SOLE 0 203,325 0 331,914
SEALED AIR CORP COM 81211K100 1,415 33,060 SH   SOLE 0 33,060 0 0
TRIUMPH GROUP COM 896818101 551 21,880 SH   SOLE 0 21,880 0 0
TARGET CORP COM 87612E106 91,857 1,323,013 SH   SOLE 0 487,657 0 835,356
TJX COMPANIES COM 872540109 68,260 836,930 SH   SOLE 0 315,930 0 521,000
TRINITY IND COM 896522109 49 1,517 SH   SOLE 0 1,517 0 0
USG CORP COM 903293405 65,911 1,630,664 SH   SOLE 0 626,260 0 1,004,404
VEREIT INC COM 92339V100 32,067 4,607,335 SH   SOLE 0 1,736,170 0 2,871,165
WASTE CONNECTIONS INC COM 94106B101 1,117 15,577 SH   SOLE 0 15,577 0 0
SELECT ENERGY SRVC COM 81617J301 471 37,320 SH   SOLE 0 37,320 0 0
WEYERHAEUSER CO COM 962166104 57,276 1,636,462 SH   SOLE 0 609,610 0 1,026,852