Historical Stock Holdings

Alex Roepers - Atlantic Investment Management

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$205 M GTLS
Chart Industries Inc.
26.01% of portfolio
 		APTV
Aptiv PLC
21.38% of portfolio
 		TEX
Terex Corp.
16.15% of portfolio
 		WCC
WESCO International Inc.
15.91% of portfolio
 		WFRD
Weatherford International plc
11.65% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.54% of portfolio
 		HUN
Huntsman Corp.
2.36% of portfolio
2024   Q2$222 M EMN
Eastman Chemical
16.24% of portfolio
 		WFRD
Weatherford International plc
13.41% of portfolio
 		TEX
Terex Corp.
13.11% of portfolio
 		APTV
Aptiv PLC
11.97% of portfolio
 		WCC
WESCO International Inc.
11.96% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
9.94% of portfolio
 		GT
Goodyear Tire & Rubber
6.90% of portfolio
 		FLS
Flowserve Corp.
5.85% of portfolio
 		GTLS
Chart Industries Inc.
4.55% of portfolio
 		ASH
Ashland Global Holdings Inc.
2.55% of portfolio
 		HUN
Huntsman Corp.
2.05% of portfolio
 		TKR
Timken Co.
1.44% of portfolio
2024   Q1$228 M EMN
Eastman Chemical
16.16% of portfolio
 		WCC
WESCO International Inc.
15.07% of portfolio
 		WFRD
Weatherford International plc
14.88% of portfolio
 		TEX
Terex Corp.
13.40% of portfolio
 		FLS
Flowserve Corp.
8.94% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
8.60% of portfolio
 		GT
Goodyear Tire & Rubber
8.48% of portfolio
 		TKR
Timken Co.
5.95% of portfolio
 		ASH
Ashland Global Holdings Inc.
3.85% of portfolio
 		CPRI
Capri Holdings Ltd
2.39% of portfolio
 		HUN
Huntsman Corp.
2.29% of portfolio
2023   Q4$219 M EMN
Eastman Chemical
14.98% of portfolio
 		WCC
WESCO International Inc.
14.55% of portfolio
 		TKR
Timken Co.
13.67% of portfolio
 		WFRD
Weatherford International plc
13.25% of portfolio
 		TEX
Terex Corp.
12.33% of portfolio
 		FLS
Flowserve Corp.
11.35% of portfolio
 		GT
Goodyear Tire & Rubber
7.04% of portfolio
 		ASH
Ashland Global Holdings Inc.
6.67% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.87% of portfolio
 		HUN
Huntsman Corp.
2.29% of portfolio
2023   Q3$201 M TKR
Timken Co.
19.04% of portfolio
 		WFRD
Weatherford International plc
15.20% of portfolio
 		WCC
WESCO International Inc.
14.04% of portfolio
 		EMN
Eastman Chemical
12.59% of portfolio
 		FLS
Flowserve Corp.
12.16% of portfolio
 		ASH
Ashland Global Holdings Inc.
11.40% of portfolio
 		TEX
Terex Corp.
10.90% of portfolio
 		HUN
Huntsman Corp.
2.43% of portfolio
 		GT
Goodyear Tire & Rubber
2.23% of portfolio
2023   Q2$203 M EMN
Eastman Chemical
16.59% of portfolio
 		TKR
Timken Co.
13.84% of portfolio
 		WFRD
Weatherford International plc
13.06% of portfolio
 		WCC
WESCO International Inc.
12.96% of portfolio
 		FLS
Flowserve Corp.
12.60% of portfolio
 		RL
Ralph Lauren Corp.
11.92% of portfolio
 		TEX
Terex Corp.
9.49% of portfolio
 		HUN
Huntsman Corp.
7.98% of portfolio
 		CNH
CNH Industrial NV
1.56% of portfolio
2023   Q1$185 M EMN
Eastman Chemical
16.51% of portfolio
 		FLS
Flowserve Corp.
14.32% of portfolio
 		HUN
Huntsman Corp.
13.40% of portfolio
 		TKR
Timken Co.
13.36% of portfolio
 		RL
Ralph Lauren Corp.
11.83% of portfolio
 		HAL
Halliburton Co.
11.35% of portfolio
 		WCC
WESCO International Inc.
9.17% of portfolio
 		HI
Hillenbrand Inc.
8.90% of portfolio
 		CNH
CNH Industrial NV
1.15% of portfolio
2022   Q4$185 M FLS
Flowserve Corp.
14.37% of portfolio
 		RL
Ralph Lauren Corp.
14.24% of portfolio
 		EMN
Eastman Chemical
14.05% of portfolio
 		WRK-OLD
WestRock Co.
12.78% of portfolio
 		TKR
Timken Co.
11.68% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
11.39% of portfolio
 		AVT
Avnet Inc.
11.16% of portfolio
 		OI
O-I Glass Inc.
5.87% of portfolio
 		HUN
Huntsman Corp.
4.46% of portfolio
2022   Q3$221 M UNVR-OLD
Univar Solutions Inc.
13.60% of portfolio
 		WRK-OLD
WestRock Co.
13.28% of portfolio
 		TKR
Timken Co.
12.88% of portfolio
 		AVT
Avnet Inc.
12.76% of portfolio
 		RL
Ralph Lauren Corp.
12.25% of portfolio
 		EMN
Eastman Chemical
9.85% of portfolio
 		FLS
Flowserve Corp.
8.86% of portfolio
 		LEA
Lear Corp.
8.01% of portfolio
 		HUN
Huntsman Corp.
4.68% of portfolio
 		OI
O-I Glass Inc.
3.83% of portfolio
2022   Q2$264 M WRK-OLD
WestRock Co.
15.11% of portfolio
 		AVT
Avnet Inc.
14.23% of portfolio
 		RL
Ralph Lauren Corp.
12.60% of portfolio
 		TKR
Timken Co.
12.29% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
11.24% of portfolio
 		EMN
Eastman Chemical
11.05% of portfolio
 		LEA
Lear Corp.
8.33% of portfolio
 		HUN
Huntsman Corp.
6.75% of portfolio
 		GT
Goodyear Tire & Rubber
4.17% of portfolio
 		OI
O-I Glass Inc.
3.47% of portfolio
 		NOMD
Nomad Foods Ltd
0.76% of portfolio
2022   Q1$310 M WRK-OLD
WestRock Co.
14.55% of portfolio
 		HUN
Huntsman Corp.
13.46% of portfolio
 		EMN
Eastman Chemical
11.36% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
11.17% of portfolio
 		TKR
Timken Co.
10.06% of portfolio
 		AVT
Avnet Inc.
9.94% of portfolio
 		GT
Goodyear Tire & Rubber
8.76% of portfolio
 		LEA
Lear Corp.
8.37% of portfolio
 		RL
Ralph Lauren Corp.
8.23% of portfolio
 		OI
O-I Glass Inc.
2.79% of portfolio
 		NOMD
Nomad Foods Ltd
1.31% of portfolio
2021   Q4$358 M HUN
Huntsman Corp.
16.84% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
14.75% of portfolio
 		EMN
Eastman Chemical
14.10% of portfolio
 		WRK-OLD
WestRock Co.
13.52% of portfolio
 		AVT
Avnet Inc.
10.48% of portfolio
 		GT
Goodyear Tire & Rubber
10.02% of portfolio
 		LEA
Lear Corp.
8.86% of portfolio
 		TKR
Timken Co.
7.52% of portfolio
 		OI
O-I Glass Inc.
2.20% of portfolio
 		NOMD
Nomad Foods Ltd
1.72% of portfolio
2021   Q3$298 M HUN
Huntsman Corp.
18.61% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
16.41% of portfolio
 		WRK-OLD
WestRock Co.
15.75% of portfolio
 		GT
Goodyear Tire & Rubber
10.56% of portfolio
 		LEA
Lear Corp.
10.36% of portfolio
 		AVT
Avnet Inc.
10.19% of portfolio
 		BERY
Berry Global Group Inc.
8.85% of portfolio
 		EMN
Eastman Chemical
3.38% of portfolio
 		OI
O-I Glass Inc.
3.14% of portfolio
 		BLDR
Builders FirstSource Inc.
1.74% of portfolio
 		NOMD
Nomad Foods Ltd
1.02% of portfolio
2021   Q2$318 M WRK-OLD
WestRock Co.
18.68% of portfolio
 		HUN
Huntsman Corp.
16.78% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
15.50% of portfolio
 		BERY
Berry Global Group Inc.
13.31% of portfolio
 		AVT
Avnet Inc.
9.99% of portfolio
 		LEA
Lear Corp.
9.94% of portfolio
 		EPC
Edgewell Personal Care Co.
8.78% of portfolio
 		EMN
Eastman Chemical
3.67% of portfolio
 		OI
O-I Glass Inc.
3.36% of portfolio
2021   Q1$323 M WRK-OLD
WestRock Co.
19.50% of portfolio
 		GRA
WR Grace & Co.
15.95% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
13.50% of portfolio
 		AVT
Avnet Inc.
11.33% of portfolio
 		EPC
Edgewell Personal Care Co.
11.30% of portfolio
 		LEA
Lear Corp.
10.22% of portfolio
 		HUN
Huntsman Corp.
8.23% of portfolio
 		OI
O-I Glass Inc.
5.46% of portfolio
 		EMN
Eastman Chemical
3.41% of portfolio
 		NOMD
Nomad Foods Ltd
1.10% of portfolio
2020   Q4$299 M GRA
WR Grace & Co.
18.95% of portfolio
 		WRK-OLD
WestRock Co.
14.69% of portfolio
 		RL
Ralph Lauren Corp.
11.70% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
11.51% of portfolio
 		EPC
Edgewell Personal Care Co.
10.72% of portfolio
 		OI
O-I Glass Inc.
10.63% of portfolio
 		LEA
Lear Corp.
9.29% of portfolio
 		AVT
Avnet Inc.
8.01% of portfolio
 		EMN
Eastman Chemical
3.35% of portfolio
 		NOMD
Nomad Foods Ltd
1.15% of portfolio
2020   Q3$234 M OI
O-I Glass Inc.
21.58% of portfolio
 		DXC
DXC Technology Co.
16.97% of portfolio
 		WRK-OLD
WestRock Co.
16.65% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
11.20% of portfolio
 		GRA
WR Grace & Co.
10.92% of portfolio
 		EPC
Edgewell Personal Care Co.
10.44% of portfolio
 		RL
Ralph Lauren Corp.
8.91% of portfolio
 		EMN
Eastman Chemical
3.33% of portfolio
2020   Q2$204 M OI
O-I Glass Inc.
22.61% of portfolio
 		DXC
DXC Technology Co.
16.29% of portfolio
 		WRK-OLD
WestRock Co.
16.20% of portfolio
 		AXTA
Axalta Coating Systems Ltd.
13.10% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
12.91% of portfolio
 		GRA
WR Grace & Co.
8.57% of portfolio
 		EPC
Edgewell Personal Care Co.
6.58% of portfolio
 		EMN
Eastman Chemical
3.42% of portfolio
 		NOMD
Nomad Foods Ltd
0.32% of portfolio
2020   Q1$177 M OI
O-I Glass Inc.
26.05% of portfolio
 		DXC
DXC Technology Co.
19.30% of portfolio
 		OSK
Oshkosh Corp.
13.15% of portfolio
 		LEA
Lear Corp.
11.88% of portfolio
 		WRK-OLD
WestRock Co.
11.25% of portfolio
 		FTI
TechnipFMC plc
6.69% of portfolio
 		AXTA
Axalta Coating Systems Ltd.
5.22% of portfolio
 		EMN
Eastman Chemical
2.63% of portfolio
 		NOMD
Nomad Foods Ltd
1.06% of portfolio
 		AYI
Acuity Brands Inc.
0.44% of portfolio
 		DAN
Dana Inc.
0.35% of portfolio
 		MHK
Mohawk Industries
0.34% of portfolio
 		NAV
Navistar International Corp.
0.33% of portfolio
 		GRA
WR Grace & Co.
0.32% of portfolio
 		APTV
Aptiv PLC
0.28% of portfolio
 		TKR
Timken Co.
0.27% of portfolio
 		MAS
Masco Corp.
0.25% of portfolio
 		HUN
Huntsman Corp.
0.20% of portfolio
2019   Q4$338 M OI
O-I Glass Inc.
27.91% of portfolio
 		DXC
DXC Technology Co.
16.28% of portfolio
 		CPRI
Capri Holdings Ltd
15.13% of portfolio
 		WRK-OLD
WestRock Co.
10.80% of portfolio
 		EMN
Eastman Chemical
9.69% of portfolio
 		LEA
Lear Corp.
9.63% of portfolio
 		TKR
Timken Co.
8.35% of portfolio
 		NOMD
Nomad Foods Ltd
0.76% of portfolio
 		SJM
J.M. Smucker Co
0.34% of portfolio
 		ATI
Allegheny Technologies Inc.
0.31% of portfolio
 		HUN
Huntsman Corp.
0.29% of portfolio
 		MOS
Mosaic Co.
0.18% of portfolio
 		FTI
TechnipFMC plc
0.18% of portfolio
 		CTB
Cooper Tire & Rubber Co.
0.17% of portfolio
2019   Q3$285 M OI
O-I Glass Inc.
26.12% of portfolio
 		DXC
DXC Technology Co.
16.90% of portfolio
 		TKR
Timken Co.
13.39% of portfolio
 		EMN
Eastman Chemical
13.03% of portfolio
 		OSK
Oshkosh Corp.
11.35% of portfolio
 		CPRI
Capri Holdings Ltd
11.28% of portfolio
 		HUN
Huntsman Corp.
5.03% of portfolio
 		VC
Visteon Corp.
0.46% of portfolio
 		RL
Ralph Lauren Corp.
0.44% of portfolio
 		GRA
WR Grace & Co.
0.42% of portfolio
 		MHK
Mohawk Industries
0.39% of portfolio
 		CTB
Cooper Tire & Rubber Co.
0.32% of portfolio
 		WRK-OLD
WestRock Co.
0.30% of portfolio
 		LEA
Lear Corp.
0.29% of portfolio
 		DAN
Dana Inc.
0.28% of portfolio
2019   Q2$371 M OI
O-I Glass Inc.
23.48% of portfolio
 		EMN
Eastman Chemical
16.11% of portfolio
 		TKR
Timken Co.
12.66% of portfolio
 		AVT
Avnet Inc.
11.15% of portfolio
 		DXC
DXC Technology Co.
10.65% of portfolio
 		OSK
Oshkosh Corp.
10.52% of portfolio
 		HUN
Huntsman Corp.
10.15% of portfolio
 		KMT
Kennametal Inc.
0.61% of portfolio
 		CAG
Conagra Brands Inc.
0.61% of portfolio
 		MWA
Mueller Water Products
0.55% of portfolio
 		AXE
Anixter International
0.49% of portfolio
 		CBT
Cabot Corp.
0.47% of portfolio
 		KFY
Korn Ferry
0.45% of portfolio
 		MOS
Mosaic Co.
0.44% of portfolio
 		AYI
Acuity Brands Inc.
0.44% of portfolio
 		LEA
Lear Corp.
0.42% of portfolio
 		TIF
Tiffany & Co.
0.41% of portfolio
 		WRK-OLD
WestRock Co.
0.37% of portfolio
2019   Q1$391 M OI
O-I Glass Inc.
20.61% of portfolio
 		EMN
Eastman Chemical
14.41% of portfolio
 		HUN
Huntsman Corp.
14.34% of portfolio
 		AVT
Avnet Inc.
12.14% of portfolio
 		DXC
DXC Technology Co.
11.87% of portfolio
 		OSK
Oshkosh Corp.
9.44% of portfolio
 		TKR
Timken Co.
9.27% of portfolio
 		DBDQQ-OLD
Diebold Inc.
1.41% of portfolio
 		ADT
ADT Inc.
0.97% of portfolio
 		IGT
International Game Technology
0.92% of portfolio
 		AYI
Acuity Brands Inc.
0.86% of portfolio
 		CAG
Conagra Brands Inc.
0.75% of portfolio
 		WRK-OLD
WestRock Co.
0.66% of portfolio
 		CBT
Cabot Corp.
0.66% of portfolio
 		CXT
Crane NXT Co.
0.51% of portfolio
 		NAV
Navistar International Corp.
0.50% of portfolio
 		AXE
Anixter International
0.43% of portfolio
 		LEA
Lear Corp.
0.25% of portfolio
2018   Q4$381 M OI
O-I Glass Inc.
32.74% of portfolio
 		HUN
Huntsman Corp.
13.56% of portfolio
 		COMM
CommScope Holding Co.
12.66% of portfolio
 		AVT
Avnet Inc.
11.38% of portfolio
 		DXC
DXC Technology Co.
10.83% of portfolio
 		OSK
Oshkosh Corp.
7.77% of portfolio
 		DBDQQ-OLD
Diebold Inc.
2.16% of portfolio
 		EMN
Eastman Chemical
1.92% of portfolio
 		CBT
Cabot Corp.
0.76% of portfolio
 		IGT
International Game Technology
0.74% of portfolio
 		GT
Goodyear Tire & Rubber
0.70% of portfolio
 		TKR
Timken Co.
0.68% of portfolio
 		CCK
Crown Holdings
0.63% of portfolio
 		ADT
ADT Inc.
0.55% of portfolio
 		NAV
Navistar International Corp.
0.55% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.55% of portfolio
 		TGI
Triumph Group Inc.
0.54% of portfolio
 		GDI-OLD
Gardner Denver Holdings Inc.
0.29% of portfolio
 		TIF
Tiffany & Co.
0.29% of portfolio
 		GPK
Graphic Packaging Hldg Co.
0.28% of portfolio
2018   Q3$596 M OI
O-I Glass Inc.
29.76% of portfolio
 		HUN
Huntsman Corp.
12.82% of portfolio
 		COMM
CommScope Holding Co.
12.80% of portfolio
 		AVT
Avnet Inc.
12.59% of portfolio
 		ARRS
ARRIS International plc
11.67% of portfolio
 		EMN
Eastman Chemical
8.34% of portfolio
 		DBDQQ-OLD
Diebold Inc.
5.24% of portfolio
 		KMT
Kennametal Inc.
0.73% of portfolio
 		TKR
Timken Co.
0.71% of portfolio
 		TGI
Triumph Group Inc.
0.70% of portfolio
 		ADT
ADT Inc.
0.68% of portfolio
 		TECD
Tech Data Corp.
0.67% of portfolio
 		OSK
Oshkosh Corp.
0.66% of portfolio
 		LEA
Lear Corp.
0.61% of portfolio
 		CCK
Crown Holdings
0.58% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.45% of portfolio
 		NCR-OLD
NCR Corp.
0.34% of portfolio
 		NAV
Navistar International Corp.
0.33% of portfolio
 		ADNT
Adient plc
0.17% of portfolio
 		TSLA
Tesla Inc.
0.12% of portfolio
2018   Q2$645 M OI
O-I Glass Inc.
24.84% of portfolio
 		ARRS
ARRIS International plc
15.01% of portfolio
 		HUN
Huntsman Corp.
14.22% of portfolio
 		COMM
CommScope Holding Co.
13.67% of portfolio
 		DBDQQ-OLD
Diebold Inc.
12.79% of portfolio
 		EMN
Eastman Chemical
8.19% of portfolio
 		AVT
Avnet Inc.
5.79% of portfolio
 		CCK
Crown Holdings
0.89% of portfolio
 		ADT
ADT Inc.
0.74% of portfolio
 		BDC
Belden Inc.
0.70% of portfolio
 		OSK
Oshkosh Corp.
0.68% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.66% of portfolio
 		TGI
Triumph Group Inc.
0.55% of portfolio
 		NAV
Navistar International Corp.
0.51% of portfolio
 		NCR-OLD
NCR Corp.
0.48% of portfolio
 		WRK-OLD
WestRock Co.
0.29% of portfolio
2018   Q1$727 M OI
O-I Glass Inc.
23.52% of portfolio
 		ARRS
ARRIS International plc
17.17% of portfolio
 		HUN
Huntsman Corp.
13.85% of portfolio
 		DBDQQ-OLD
Diebold Inc.
13.23% of portfolio
 		EMN
Eastman Chemical
13.16% of portfolio
 		COMM
CommScope Holding Co.
11.75% of portfolio
 		CCK
Crown Holdings
0.79% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.76% of portfolio
 		AVT
Avnet Inc.
0.74% of portfolio
 		LEN
Lennar Corp.
0.72% of portfolio
 		TEN-OLD
Tenneco Inc.
0.68% of portfolio
 		SCS
Steelcase Inc.
0.67% of portfolio
 		BDC
Belden Inc.
0.63% of portfolio
 		TGI
Triumph Group Inc.
0.62% of portfolio
 		NAV
Navistar International Corp.
0.55% of portfolio
 		LSKD
LSC Communications Inc.
0.49% of portfolio
 		IP
International Paper
0.37% of portfolio
 		NCR-OLD
NCR Corp.
0.30% of portfolio
2017   Q4$763 M COMM
CommScope Holding Co.
18.94% of portfolio
 		OI
O-I Glass Inc.
18.83% of portfolio
 		ARRS
ARRIS International plc
15.12% of portfolio
 		HUN
Huntsman Corp.
14.58% of portfolio
 		EMN
Eastman Chemical
13.68% of portfolio
 		DBDQQ-OLD
Diebold Inc.
11.61% of portfolio
 		AVT
Avnet Inc.
1.18% of portfolio
 		SCS
Steelcase Inc.
0.96% of portfolio
 		ALK
Alaska Air Group
0.86% of portfolio
 		IGT
International Game Technology
0.83% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.79% of portfolio
 		LEN
Lennar Corp.
0.74% of portfolio
 		LSKD
LSC Communications Inc.
0.70% of portfolio
 		TGI
Triumph Group Inc.
0.64% of portfolio
 		NCR-OLD
NCR Corp.
0.52% of portfolio
2017   Q3$804 M OI
O-I Glass Inc.
19.84% of portfolio
 		DBDQQ-OLD
Diebold Inc.
18.43% of portfolio
 		COMM
CommScope Holding Co.
15.21% of portfolio
 		ARRS
ARRIS International plc
14.03% of portfolio
 		EMN
Eastman Chemical
13.72% of portfolio
 		HUN
Huntsman Corp.
11.88% of portfolio
 		SCS
Steelcase Inc.
0.93% of portfolio
 		AVT
Avnet Inc.
0.92% of portfolio
 		ALK
Alaska Air Group
0.90% of portfolio
 		IGT
International Game Technology
0.89% of portfolio
 		LSKD
LSC Communications Inc.
0.89% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.88% of portfolio
 		TGI
Triumph Group Inc.
0.67% of portfolio
 		KS
KapStone Paper and Packaging Corp.
0.51% of portfolio
 		BW
Babcock & Wilcox Enterprises
0.31% of portfolio
2017   Q2$973 M OI
O-I Glass Inc.
20.60% of portfolio
 		DBDQQ-OLD
Diebold Inc.
17.26% of portfolio
 		COMM
CommScope Holding Co.
16.67% of portfolio
 		EMN
Eastman Chemical
14.68% of portfolio
 		ARRS
ARRIS International plc
12.33% of portfolio
 		HUN
Huntsman Corp.
11.50% of portfolio
 		MGA
Magna International Inc.
0.83% of portfolio
 		LSKD
LSC Communications Inc.
0.78% of portfolio
 		IGT
International Game Technology
0.78% of portfolio
 		TGI
Triumph Group Inc.
0.76% of portfolio
 		SCS
Steelcase Inc.
0.70% of portfolio
 		AVT
Avnet Inc.
0.63% of portfolio
 		DXC
DXC Technology Co.
0.48% of portfolio
 		BW
Babcock & Wilcox Enterprises
0.47% of portfolio
 		NOMD
Nomad Foods Ltd
0.45% of portfolio
 		ADNT
Adient plc
0.34% of portfolio
 		KS
KapStone Paper and Packaging Corp.
0.32% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.24% of portfolio
 		ZTO
ZTO Express
0.18% of portfolio
2017   Q1$958 M OI
O-I Glass Inc.
20.86% of portfolio
 		COMM
CommScope Holding Co.
16.44% of portfolio
 		DBDQQ-OLD
Diebold Inc.
16.38% of portfolio
 		EMN
Eastman Chemical
13.19% of portfolio
 		HAR
Harman Int'l Industries
12.00% of portfolio
 		ARRS
ARRIS International plc
7.56% of portfolio
 		TGI
Triumph Group Inc.
4.62% of portfolio
 		MGA
Magna International Inc.
1.45% of portfolio
 		GT
Goodyear Tire & Rubber
1.24% of portfolio
 		BW
Babcock & Wilcox Enterprises
1.01% of portfolio
 		CSC
Computer Sciences Corp.
0.99% of portfolio
 		SCS
Steelcase Inc.
0.90% of portfolio
 		RL
Ralph Lauren Corp.
0.76% of portfolio
 		ODP
ODP Corp.
0.60% of portfolio
 		BDC
Belden Inc.
0.49% of portfolio
 		MU
Micron Technology Inc.
0.46% of portfolio
 		LSKD
LSC Communications Inc.
0.39% of portfolio
 		NOMD
Nomad Foods Ltd
0.30% of portfolio
 		IGT
International Game Technology
0.28% of portfolio
 		ZTO
ZTO Express
0.07% of portfolio
2016   Q4$809 M OI
O-I Glass Inc.
18.00% of portfolio
 		HAR
Harman Int'l Industries
15.45% of portfolio
 		COMM
CommScope Holding Co.
14.33% of portfolio
 		DBDQQ-OLD
Diebold Inc.
12.93% of portfolio
 		GT
Goodyear Tire & Rubber
11.38% of portfolio
 		EMN
Eastman Chemical
11.26% of portfolio
 		TGI
Triumph Group Inc.
7.92% of portfolio
 		ARRS
ARRIS International plc
1.15% of portfolio
 		MGA
Magna International Inc.
1.08% of portfolio
 		ABG
Asbury Automotive Group Inc.
1.05% of portfolio
 		SCS
Steelcase Inc.
1.01% of portfolio
 		ODP
ODP Corp.
0.94% of portfolio
 		SPLS
Staples Inc.
0.83% of portfolio
 		PAY
Verifone Systems Inc.
0.76% of portfolio
 		CTB
Cooper Tire & Rubber Co.
0.48% of portfolio
 		OSK
Oshkosh Corp.
0.48% of portfolio
 		CSC
Computer Sciences Corp.
0.48% of portfolio
 		BW
Babcock & Wilcox Enterprises
0.47% of portfolio
2016   Q3$766 M OI
O-I Glass Inc.
23.64% of portfolio
 		HAR
Harman Int'l Industries
17.74% of portfolio
 		EMN
Eastman Chemical
17.26% of portfolio
 		GT
Goodyear Tire & Rubber
16.01% of portfolio
 		TGI
Triumph Group Inc.
11.29% of portfolio
 		IM
Ingram Micro Inc.
5.47% of portfolio
 		COMM
CommScope Holding Co.
1.25% of portfolio
 		DBDQQ-OLD
Diebold Inc.
1.17% of portfolio
 		ALK
Alaska Air Group
0.98% of portfolio
 		ABG
Asbury Automotive Group Inc.
0.92% of portfolio
 		MGA
Magna International Inc.
0.89% of portfolio
 		SPR
Spirit AeroSystems Holdings Inc.
0.88% of portfolio
 		RHI
Robert Half International
0.88% of portfolio
 		PAY
Verifone Systems Inc.
0.84% of portfolio
 		ODP
ODP Corp.
0.79% of portfolio
2016   Q2$772 M OI
O-I Glass Inc.
24.16% of portfolio
 		HAR
Harman Int'l Industries
19.67% of portfolio
 		GT
Goodyear Tire & Rubber
14.47% of portfolio
 		TGI
Triumph Group Inc.
13.26% of portfolio
 		EMN
Eastman Chemical
12.59% of portfolio
 		IM
Ingram Micro Inc.
5.85% of portfolio
 		SPR
Spirit AeroSystems Holdings Inc.
1.32% of portfolio
 		RHI
Robert Half International
1.24% of portfolio
 		ALK
Alaska Air Group
1.12% of portfolio
 		CTB
Cooper Tire & Rubber Co.
1.10% of portfolio
 		TIF
Tiffany & Co.
0.98% of portfolio
 		ABG
Asbury Automotive Group Inc.
0.83% of portfolio
 		PAY
Verifone Systems Inc.
0.79% of portfolio
 		HPE
Hewlett Packard Enterprise
0.73% of portfolio
 		ITT
ITT Inc.
0.64% of portfolio
 		COMM
CommScope Holding Co.
0.50% of portfolio
 		IPGP
IPG Photonics Corp.
0.38% of portfolio
 		GPI
Group 1 Automotive
0.36% of portfolio
2016   Q1$916 M OI
O-I Glass Inc.
21.18% of portfolio
 		IM
Ingram Micro Inc.
14.53% of portfolio
 		GT
Goodyear Tire & Rubber
14.22% of portfolio
 		TGI
Triumph Group Inc.
13.44% of portfolio
 		EMN
Eastman Chemical
11.89% of portfolio
 		FMC
FMC Corp.
11.88% of portfolio
 		HAR
Harman Int'l Industries
6.82% of portfolio
 		ASH
Ashland Global Holdings Inc.
1.26% of portfolio
 		HPE
Hewlett Packard Enterprise
1.09% of portfolio
 		MGA
Magna International Inc.
1.05% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.97% of portfolio
 		LEA
Lear Corp.
0.91% of portfolio
 		KLXI
KLX Inc.
0.75% of portfolio
2015   Q4$968 M OI
O-I Glass Inc.
20.96% of portfolio
 		GT
Goodyear Tire & Rubber
16.93% of portfolio
 		IM
Ingram Micro Inc.
14.18% of portfolio
 		FMC
FMC Corp.
13.96% of portfolio
 		TGI
Triumph Group Inc.
12.19% of portfolio
 		EMN
Eastman Chemical
11.93% of portfolio
 		OSK
Oshkosh Corp.
1.34% of portfolio
 		HPQ
HP Inc.
1.21% of portfolio
 		AXL
American Axle & Manufacturing Holdings
1.15% of portfolio
 		KLXI
KLX Inc.
0.97% of portfolio
 		LEA
Lear Corp.
0.93% of portfolio
 		SPXC
SPX Corp.
0.82% of portfolio
 		CSX
CSX Corp.
0.81% of portfolio
 		CXT
Crane NXT Co.
0.81% of portfolio
 		MGA
Magna International Inc.
0.78% of portfolio
 		KEX
Kirby Corp.
0.57% of portfolio
 		UNF
UniFirst Corp.
0.45% of portfolio
2015   Q3$1.05 B OI
O-I Glass Inc.
21.14% of portfolio
 		FMC
FMC Corp.
17.24% of portfolio
 		GT
Goodyear Tire & Rubber
15.77% of portfolio
 		TGI
Triumph Group Inc.
15.03% of portfolio
 		IM
Ingram Micro Inc.
10.78% of portfolio
 		WCC
WESCO International Inc.
9.23% of portfolio
 		LEA
Lear Corp.
1.32% of portfolio
 		AXL
American Axle & Manufacturing Holdings
1.18% of portfolio
 		NSC
Norfolk Southern Corp.
1.18% of portfolio
 		CSX
CSX Corp.
1.16% of portfolio
 		AXE
Anixter International
1.15% of portfolio
 		OSK
Oshkosh Corp.
1.15% of portfolio
 		MGA
Magna International Inc.
1.11% of portfolio
 		CXT
Crane NXT Co.
1.05% of portfolio
 		HII
Huntington Ingalls Industries
0.91% of portfolio
 		FLEX
Flex Ltd.
0.42% of portfolio
 		TTM-OLD
Tata Motors Ltd.
0.19% of portfolio
2015   Q2$1.44 B OI
O-I Glass Inc.
20.21% of portfolio
 		TGI
Triumph Group Inc.
19.34% of portfolio
 		FMC
FMC Corp.
19.07% of portfolio
 		GT
Goodyear Tire & Rubber
15.47% of portfolio
 		WCC
WESCO International Inc.
10.69% of portfolio
 		IM
Ingram Micro Inc.
8.71% of portfolio
 		TEX
Terex Corp.
1.46% of portfolio
 		AXE
Anixter International
1.14% of portfolio
 		ACM
AECOM Technology Corp.
1.06% of portfolio
 		MGA
Magna International Inc.
0.98% of portfolio
 		LEA
Lear Corp.
0.98% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.90% of portfolio
 		ALK
Alaska Air Group
0.00% of portfolio
2015   Q1$1.33 B OI
O-I Glass Inc.
22.02% of portfolio
 		TGI
Triumph Group Inc.
21.12% of portfolio
 		FMC
FMC Corp.
16.37% of portfolio
 		OIS
Oil States International Inc.
10.47% of portfolio
 		GT
Goodyear Tire & Rubber
7.74% of portfolio
 		WCC
WESCO International Inc.
5.24% of portfolio
 		IM
Ingram Micro Inc.
4.06% of portfolio
 		TEX
Terex Corp.
1.94% of portfolio
 		ALK
Alaska Air Group
1.41% of portfolio
 		BGC-OLD
General Cable Corp.
1.24% of portfolio
 		AXL
American Axle & Manufacturing Holdings
1.22% of portfolio
 		NVRI
Enviri Corp.
1.22% of portfolio
 		LEA
Lear Corp.
1.08% of portfolio
 		MGA
Magna International Inc.
1.05% of portfolio
 		ACM
AECOM Technology Corp.
1.03% of portfolio
 		TKR
Timken Co.
0.97% of portfolio
 		CYTT-OLD
Cytec Industries
0.97% of portfolio
 		AXE
Anixter International
0.85% of portfolio
2014   Q4$1.58 B OI
O-I Glass Inc.
20.86% of portfolio
 		BHI
Baker Hughes OLD
17.91% of portfolio
 		HAR
Harman Int'l Industries
17.66% of portfolio
 		TGI
Triumph Group Inc.
15.98% of portfolio
 		OIS
Oil States International Inc.
9.53% of portfolio
 		FMC
FMC Corp.
5.07% of portfolio
 		GT
Goodyear Tire & Rubber
2.01% of portfolio
 		BGC-OLD
General Cable Corp.
1.69% of portfolio
 		AXL
American Axle & Manufacturing Holdings
1.56% of portfolio
 		TEX
Terex Corp.
1.50% of portfolio
 		CYTT-OLD
Cytec Industries
1.24% of portfolio
 		ALK
Alaska Air Group
1.21% of portfolio
 		CAM
Cameron International Corp.
1.10% of portfolio
 		NVRI
Enviri Corp.
1.06% of portfolio
 		KMT
Kennametal Inc.
0.89% of portfolio
 		LEA
Lear Corp.
0.74% of portfolio
2014   Q3$1.51 B OI
O-I Glass Inc.
19.12% of portfolio
 		TGI
Triumph Group Inc.
16.28% of portfolio
 		BHI
Baker Hughes OLD
14.43% of portfolio
 		HAR
Harman Int'l Industries
14.37% of portfolio
 		CAM
Cameron International Corp.
13.28% of portfolio
 		OIS
Oil States International Inc.
9.70% of portfolio
 		TEX
Terex Corp.
2.07% of portfolio
 		GT
Goodyear Tire & Rubber
1.86% of portfolio
 		BGC-OLD
General Cable Corp.
1.74% of portfolio
 		AXL
American Axle & Manufacturing Holdings
1.29% of portfolio
 		NVRI
Enviri Corp.
1.19% of portfolio
 		CYTT-OLD
Cytec Industries
1.19% of portfolio
 		TAM
Taminco Corp.
1.19% of portfolio
 		XLS
Exelis Inc.
1.11% of portfolio
 		RRD-OLD
RR Donnelley & Sons Co.
1.10% of portfolio
 		VVX
V2X Inc.
0.07% of portfolio
2014   Q2$1.54 B OI
O-I Glass Inc.
21.21% of portfolio
 		TGI
Triumph Group Inc.
15.92% of portfolio
 		HAR
Harman Int'l Industries
15.85% of portfolio
 		BHI
Baker Hughes OLD
13.33% of portfolio
 		CAM
Cameron International Corp.
12.57% of portfolio
 		OIS
Oil States International Inc.
8.89% of portfolio
 		GT
Goodyear Tire & Rubber
1.83% of portfolio
 		BGC-OLD
General Cable Corp.
1.58% of portfolio
 		AXL
American Axle & Manufacturing Holdings
1.42% of portfolio
 		CYTT-OLD
Cytec Industries
1.30% of portfolio
 		NVRI
Enviri Corp.
1.25% of portfolio
 		XLS
Exelis Inc.
1.19% of portfolio
 		TAM
Taminco Corp.
1.09% of portfolio
 		TEX
Terex Corp.
0.95% of portfolio
 		BWXT
BWX Technologies Inc.
0.84% of portfolio
 		RRD-OLD
RR Donnelley & Sons Co.
0.77% of portfolio
2014   Q1$1.49 B BHI
Baker Hughes OLD
19.69% of portfolio
 		HAR
Harman Int'l Industries
18.54% of portfolio
 		OI
O-I Glass Inc.
18.32% of portfolio
 		OIS
Oil States International Inc.
16.37% of portfolio
 		CAM
Cameron International Corp.
11.57% of portfolio
 		TGI
Triumph Group Inc.
9.44% of portfolio
 		GT
Goodyear Tire & Rubber
1.40% of portfolio
 		CYTT-OLD
Cytec Industries
1.21% of portfolio
 		NVRI
Enviri Corp.
0.97% of portfolio
 		BGC-OLD
General Cable Corp.
0.96% of portfolio
 		TAM
Taminco Corp.
0.83% of portfolio
 		AXL
American Axle & Manufacturing Holdings
0.70% of portfolio
2013   Q4$1.28 B BHI
Baker Hughes OLD
20.50% of portfolio
 		OI
O-I Glass Inc.
18.60% of portfolio
 		HAR
Harman Int'l Industries
16.25% of portfolio
 		OIS
Oil States International Inc.
15.20% of portfolio
 		CAM
Cameron International Corp.
12.31% of portfolio
 		ASH
Ashland Global Holdings Inc.
5.76% of portfolio
 		CTB
Cooper Tire & Rubber Co.
1.88% of portfolio
 		GT
Goodyear Tire & Rubber
1.71% of portfolio
 		AGCO
AGCO Corp.
1.38% of portfolio
 		TGI
Triumph Group Inc.
1.21% of portfolio
 		NCR-OLD
NCR Corp.
1.02% of portfolio
 		CYTT-OLD
Cytec Industries
0.94% of portfolio
 		TAM
Taminco Corp.
0.87% of portfolio
 		NWSA
News Corp.
0.85% of portfolio
 		CW
Curtiss-Wright Corp.
0.76% of portfolio
 		AXLL
Axiall Corp.
0.75% of portfolio
2013   Q3$1.15 B BHI
Baker Hughes OLD
19.59% of portfolio
 		OIS
Oil States International Inc.
18.40% of portfolio
 		OI
O-I Glass Inc.
17.97% of portfolio
 		HAR
Harman Int'l Industries
14.36% of portfolio
 		ASH
Ashland Global Holdings Inc.
12.48% of portfolio
 		ROC-OLD2
Rockwood Holdings
6.83% of portfolio
 		GT
Goodyear Tire & Rubber
1.75% of portfolio
 		AGCO
AGCO Corp.
1.73% of portfolio
 		CW
Curtiss-Wright Corp.
1.43% of portfolio
 		CAM
Cameron International Corp.
1.42% of portfolio
 		MOS
Mosaic Co.
0.93% of portfolio
 		TGI
Triumph Group Inc.
0.85% of portfolio
 		NWSA
News Corp.
0.84% of portfolio
 		MRC
MRC Global Inc.
0.70% of portfolio
 		AXLL
Axiall Corp.
0.70% of portfolio
2013   Q2$1.07 B OI
O-I Glass Inc.
21.04% of portfolio
 		BHI
Baker Hughes OLD
18.48% of portfolio
 		OIS
Oil States International Inc.
13.81% of portfolio
 		ROC-OLD2
Rockwood Holdings
13.12% of portfolio
 		ASH
Ashland Global Holdings Inc.
12.45% of portfolio
 		HAR
Harman Int'l Industries
10.86% of portfolio
 		AGCO
AGCO Corp.
1.58% of portfolio
 		CW
Curtiss-Wright Corp.
1.51% of portfolio
 		GT
Goodyear Tire & Rubber
1.45% of portfolio
 		DRC
Dresser Rand Group Inc.
1.44% of portfolio
 		TEX
Terex Corp.
1.42% of portfolio
 		CCK
Crown Holdings
1.11% of portfolio
 		CAH
Cardinal Health Inc.
1.02% of portfolio
 		DAN
Dana Inc.
0.72% of portfolio
2013   Q1$1.09 B OI
O-I Glass Inc.
21.34% of portfolio
 		ASH
Ashland Global Holdings Inc.
17.00% of portfolio
 		ROC-OLD2
Rockwood Holdings
15.53% of portfolio
 		OIS
Oil States International Inc.
14.01% of portfolio
 		ENR
Energizer Holdings Inc.
11.98% of portfolio
 		BHI
Baker Hughes OLD
8.32% of portfolio
 		WFRD
Weatherford International plc
2.27% of portfolio
 		NOV
Nov Inc.
1.81% of portfolio
 		CAH
Cardinal Health Inc.
1.76% of portfolio
 		CCK
Crown Holdings
1.59% of portfolio
 		AGCO
AGCO Corp.
1.49% of portfolio
 		GT
Goodyear Tire & Rubber
1.38% of portfolio
 		CW
Curtiss-Wright Corp.
1.00% of portfolio
 		TW-OLD
Towers Watson & Co.
0.52% of portfolio
2012   Q4$1.22 B ROC-OLD2
Rockwood Holdings
19.74% of portfolio
 		OI
O-I Glass Inc.
19.40% of portfolio
 		ASH
Ashland Global Holdings Inc.
15.79% of portfolio
 		ENR
Energizer Holdings Inc.
14.43% of portfolio
 		KMT
Kennametal Inc.
12.76% of portfolio
 		OIS
Oil States International Inc.
7.44% of portfolio
 		WFRD
Weatherford International plc
2.81% of portfolio
 		HAR
Harman Int'l Industries
2.04% of portfolio
 		CCK
Crown Holdings
1.84% of portfolio
 		TW-OLD
Towers Watson & Co.
1.33% of portfolio
 		CW
Curtiss-Wright Corp.
1.27% of portfolio
 		CXT
Crane NXT Co.
1.16% of portfolio
2012   Q3$1.25 B OI
O-I Glass Inc.
15.82% of portfolio
 		KMT
Kennametal Inc.
15.78% of portfolio
 		JOY
Joy Global Inc.
15.31% of portfolio
 		ENR
Energizer Holdings Inc.
15.10% of portfolio
 		ROC-OLD2
Rockwood Holdings
14.66% of portfolio
 		ASH
Ashland Global Holdings Inc.
11.79% of portfolio
 		HAR
Harman Int'l Industries
2.33% of portfolio
 		SEE
Sealed Air Corp.
2.19% of portfolio
 		CCK
Crown Holdings
2.09% of portfolio
 		CXT
Crane NXT Co.
1.57% of portfolio
 		OIS
Oil States International Inc.
1.52% of portfolio
 		WFRD
Weatherford International plc
1.27% of portfolio
 		CW
Curtiss-Wright Corp.
0.58% of portfolio
2012   Q2$1.18 B JOY
Joy Global Inc.
16.06% of portfolio
 		OI
O-I Glass Inc.
14.52% of portfolio
 		ASH
Ashland Global Holdings Inc.
14.48% of portfolio
 		ENR
Energizer Holdings Inc.
14.21% of portfolio
 		KMT
Kennametal Inc.
13.40% of portfolio
 		ROC-OLD2
Rockwood Holdings
11.14% of portfolio
 		SEE
Sealed Air Corp.
2.37% of portfolio
 		HAR
Harman Int'l Industries
2.36% of portfolio
 		CCK
Crown Holdings
2.26% of portfolio
 		FLS
Flowserve Corp.
1.95% of portfolio
 		OIS
Oil States International Inc.
1.69% of portfolio
 		NOV
Nov Inc.
1.69% of portfolio
 		CXT
Crane NXT Co.
1.55% of portfolio
 		ACM
AECOM Technology Corp.
1.54% of portfolio
 		MTW
Manitowoc Co.
0.80% of portfolio
2012   Q1$1.21 B OI
O-I Glass Inc.
16.60% of portfolio
 		JOY
Joy Global Inc.
16.41% of portfolio
 		ENR
Energizer Holdings Inc.
15.03% of portfolio
 		ASH
Ashland Global Holdings Inc.
12.88% of portfolio
 		KMT
Kennametal Inc.
12.52% of portfolio
 		FLS
Flowserve Corp.
10.27% of portfolio
 		ROC-OLD2
Rockwood Holdings
6.08% of portfolio
 		CCK
Crown Holdings
2.28% of portfolio
 		HAR
Harman Int'l Industries
2.13% of portfolio
 		SEE
Sealed Air Corp.
1.92% of portfolio
 		CXT
Crane NXT Co.
1.66% of portfolio
 		ACM
AECOM Technology Corp.
1.11% of portfolio
 		GEO
GEO Group Inc.
1.10% of portfolio