Historical Stock Holdings

David Abrams - Abrams Capital Management

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$6.23 B LOAR
Loar Holdings Inc
46.04% of portfolio
 		LAD
Lithia Motors Inc.
12.20% of portfolio
 		ABG
Asbury Automotive Group Inc.
8.08% of portfolio
 		META
Meta Platforms Inc.
5.70% of portfolio
 		GOOGL
Alphabet Inc.
5.51% of portfolio
 		CPNG
Coupang Inc.
5.13% of portfolio
 		ET
Energy Transfer LP
4.60% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
3.94% of portfolio
 		WTW
Willis Towers Watson plc
3.41% of portfolio
 		TPX
Tempur Sealy Int.
3.16% of portfolio
 		CWH
Camping World Holdings Inc.
1.21% of portfolio
 		CTLP
Cantaloupe Inc.
0.85% of portfolio
 		NUVB
Nuvation Bio Inc.
0.14% of portfolio
 		UHAL
U-Haul Holding Co.
0.05% of portfolio
2024   Q2$5.12 B LOAR
Loar Holdings Inc
40.13% of portfolio
 		LAD
Lithia Motors Inc.
11.80% of portfolio
 		ABG
Asbury Automotive Group Inc.
9.39% of portfolio
 		GOOGL
Alphabet Inc.
7.36% of portfolio
 		META
Meta Platforms Inc.
6.12% of portfolio
 		ET
Energy Transfer LP
5.66% of portfolio
 		CPNG
Coupang Inc.
5.33% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
4.16% of portfolio
 		WTW
Willis Towers Watson plc
3.69% of portfolio
 		TPX
Tempur Sealy Int.
3.33% of portfolio
 		CWH
Camping World Holdings Inc.
1.78% of portfolio
 		CTLP
Cantaloupe Inc.
0.93% of portfolio
 		NUVB
Nuvation Bio Inc.
0.22% of portfolio
 		UHAL
U-Haul Holding Co.
0.09% of portfolio
2024   Q1$3.2 B LAD
Lithia Motors Inc.
22.47% of portfolio
 		ABG
Asbury Automotive Group Inc.
15.53% of portfolio
 		GOOGL
Alphabet Inc.
9.74% of portfolio
 		META
Meta Platforms Inc.
9.41% of portfolio
 		ET
Energy Transfer LP
8.76% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
7.38% of portfolio
 		CPNG
Coupang Inc.
7.23% of portfolio
 		TPX
Tempur Sealy Int.
6.39% of portfolio
 		WTW
Willis Towers Watson plc
6.19% of portfolio
 		CWH
Camping World Holdings Inc.
4.44% of portfolio
 		CTLP
Cantaloupe Inc.
1.44% of portfolio
 		UHAL
U-Haul Holding Co.
0.58% of portfolio
 		NUVB
Nuvation Bio Inc.
0.43% of portfolio
2023   Q4$3.22 B LAD
Lithia Motors Inc.
24.47% of portfolio
 		ABG
Asbury Automotive Group Inc.
14.74% of portfolio
 		GOOGL
Alphabet Inc.
10.08% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
8.02% of portfolio
 		META
Meta Platforms Inc.
7.83% of portfolio
 		ET
Energy Transfer LP
7.65% of portfolio
 		CPNG
Coupang Inc.
6.55% of portfolio
 		WTW
Willis Towers Watson plc
6.05% of portfolio
 		TPX
Tempur Sealy Int.
5.70% of portfolio
 		CWH
Camping World Holdings Inc.
4.17% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
1.95% of portfolio
 		CTLP
Cantaloupe Inc.
1.65% of portfolio
 		UHAL
U-Haul Holding Co.
0.91% of portfolio
 		NUVB
Nuvation Bio Inc.
0.18% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.06% of portfolio
2023   Q3$3.03 B LAD
Lithia Motors Inc.
23.33% of portfolio
 		ABG
Asbury Automotive Group Inc.
16.03% of portfolio
 		GOOGL
Alphabet Inc.
10.04% of portfolio
 		META
Meta Platforms Inc.
9.21% of portfolio
 		ET
Energy Transfer LP
8.27% of portfolio
 		CPNG
Coupang Inc.
7.31% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
6.34% of portfolio
 		WTW
Willis Towers Watson plc
5.57% of portfolio
 		TPX
Tempur Sealy Int.
5.16% of portfolio
 		CWH
Camping World Holdings Inc.
3.45% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
2.68% of portfolio
 		CTLP
Cantaloupe Inc.
1.48% of portfolio
 		UHAL
U-Haul Holding Co.
0.73% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.23% of portfolio
 		NUVB
Nuvation Bio Inc.
0.17% of portfolio
2023   Q2$3.48 B LAD
Lithia Motors Inc.
20.56% of portfolio
 		ABG
Asbury Automotive Group Inc.
14.58% of portfolio
 		META
Meta Platforms Inc.
9.39% of portfolio
 		TDG
TransDigm Group Inc.
8.04% of portfolio
 		GOOGL
Alphabet Inc.
7.99% of portfolio
 		CPNG
Coupang Inc.
6.51% of portfolio
 		ET
Energy Transfer LP
6.51% of portfolio
 		WTW
Willis Towers Watson plc
5.46% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
5.34% of portfolio
 		CWH
Camping World Holdings Inc.
4.42% of portfolio
 		TPX
Tempur Sealy Int.
4.15% of portfolio
 		HZNP
Horizon Therapeutics plc
2.64% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
1.72% of portfolio
 		CTLP
Cantaloupe Inc.
1.64% of portfolio
 		UHAL
U-Haul Holding Co.
0.65% of portfolio
 		NUVB
Nuvation Bio Inc.
0.20% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.19% of portfolio
2023   Q1$3.16 B LAD
Lithia Motors Inc.
17.02% of portfolio
 		META
Meta Platforms Inc.
14.42% of portfolio
 		ABG
Asbury Automotive Group Inc.
14.00% of portfolio
 		TDG
TransDigm Group Inc.
8.54% of portfolio
 		GOOGL
Alphabet Inc.
7.68% of portfolio
 		ET
Energy Transfer LP
7.03% of portfolio
 		CPNG
Coupang Inc.
6.80% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
6.01% of portfolio
 		WTW
Willis Towers Watson plc
5.93% of portfolio
 		TPX
Tempur Sealy Int.
4.50% of portfolio
 		CWH
Camping World Holdings Inc.
3.37% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
2.23% of portfolio
 		CTLP
Cantaloupe Inc.
1.29% of portfolio
 		UHAL
U-Haul Holding Co.
0.77% of portfolio
 		NUVB
Nuvation Bio Inc.
0.20% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.20% of portfolio
2022   Q4$2.8 B LAD
Lithia Motors Inc.
17.17% of portfolio
 		ABG
Asbury Automotive Group Inc.
13.54% of portfolio
 		META
Meta Platforms Inc.
9.34% of portfolio
 		TDG
TransDigm Group Inc.
8.22% of portfolio
 		ET
Energy Transfer LP
7.55% of portfolio
 		GOOGL
Alphabet Inc.
7.36% of portfolio
 		UHAL.B
U Haul Holding Co Non Voting
7.18% of portfolio
 		CPNG
Coupang Inc.
7.05% of portfolio
 		WTW
Willis Towers Watson plc
7.04% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
5.18% of portfolio
 		TPX
Tempur Sealy Int.
4.41% of portfolio
 		CWH
Camping World Holdings Inc.
4.07% of portfolio
 		UHAL
U-Haul Holding Co.
0.87% of portfolio
 		CTLP
Cantaloupe Inc.
0.48% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.28% of portfolio
 		NUVB
Nuvation Bio Inc.
0.26% of portfolio
2022   Q3$3.47 B LAD
Lithia Motors Inc.
14.54% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
12.61% of portfolio
 		ABG
Asbury Automotive Group Inc.
9.23% of portfolio
 		TDG
TransDigm Group Inc.
8.16% of portfolio
 		GOOGL
Alphabet Inc.
8.03% of portfolio
 		ET
Energy Transfer LP
7.00% of portfolio
 		CPNG
Coupang Inc.
6.44% of portfolio
 		UHAL
U-Haul Holding Co.
6.21% of portfolio
 		WTW
Willis Towers Watson plc
6.19% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
5.56% of portfolio
 		META
Meta Platforms Inc.
4.71% of portfolio
 		CWH
Camping World Holdings Inc.
3.73% of portfolio
 		OI
O-I Glass Inc.
2.59% of portfolio
 		TPX
Tempur Sealy Int.
2.51% of portfolio
 		KMI
Kinder Morgan
1.62% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.32% of portfolio
 		CTLP
Cantaloupe Inc.
0.31% of portfolio
 		NUVB
Nuvation Bio Inc.
0.25% of portfolio
2022   Q2$3.72 B LAD
Lithia Motors Inc.
17.37% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
10.52% of portfolio
 		ABG
Asbury Automotive Group Inc.
9.64% of portfolio
 		GOOGL
Alphabet Inc.
8.58% of portfolio
 		TDG
TransDigm Group Inc.
7.78% of portfolio
 		ET
Energy Transfer LP
5.93% of portfolio
 		WTW
Willis Towers Watson plc
5.67% of portfolio
 		KMI
Kinder Morgan
5.62% of portfolio
 		UHAL
U-Haul Holding Co.
5.44% of portfolio
 		META
Meta Platforms Inc.
5.22% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
4.86% of portfolio
 		CPNG
Coupang Inc.
4.66% of portfolio
 		CWH
Camping World Holdings Inc.
2.96% of portfolio
 		OI
O-I Glass Inc.
2.61% of portfolio
 		TPX
Tempur Sealy Int.
2.07% of portfolio
 		CTLP
Cantaloupe Inc.
0.47% of portfolio
 		NUVB
Nuvation Bio Inc.
0.33% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.27% of portfolio
2022   Q1$4.28 B LAD
Lithia Motors Inc.
16.47% of portfolio
 		GOOGL
Alphabet Inc.
9.51% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
8.64% of portfolio
 		TDG
TransDigm Group Inc.
8.20% of portfolio
 		ABG
Asbury Automotive Group Inc.
7.92% of portfolio
 		META
Meta Platforms Inc.
6.25% of portfolio
 		WTW
Willis Towers Watson plc
5.89% of portfolio
 		UHAL
U-Haul Holding Co.
5.89% of portfolio
 		ET
Energy Transfer LP
5.78% of portfolio
 		CPNG
Coupang Inc.
5.61% of portfolio
 		KMI
Kinder Morgan
5.51% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
5.27% of portfolio
 		CWH
Camping World Holdings Inc.
3.33% of portfolio
 		TPX
Tempur Sealy Int.
2.35% of portfolio
 		OI
O-I Glass Inc.
2.13% of portfolio
 		CTLP
Cantaloupe Inc.
0.49% of portfolio
 		NUVB
Nuvation Bio Inc.
0.47% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.29% of portfolio
2021   Q4$4.56 B LAD
Lithia Motors Inc.
15.32% of portfolio
 		GOOGL
Alphabet Inc.
9.31% of portfolio
 		META
Meta Platforms Inc.
8.89% of portfolio
 		ABG
Asbury Automotive Group Inc.
8.03% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
7.96% of portfolio
 		TDG
TransDigm Group Inc.
7.53% of portfolio
 		UHAL
U-Haul Holding Co.
7.14% of portfolio
 		CPNG
Coupang Inc.
6.25% of portfolio
 		WTW
Willis Towers Watson plc
5.57% of portfolio
 		CWH
Camping World Holdings Inc.
4.53% of portfolio
 		KMI
Kinder Morgan
4.34% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
4.23% of portfolio
 		ET
Energy Transfer LP
3.99% of portfolio
 		TPX
Tempur Sealy Int.
3.71% of portfolio
 		OI
O-I Glass Inc.
1.83% of portfolio
 		NUVB
Nuvation Bio Inc.
0.71% of portfolio
 		CTLP
Cantaloupe Inc.
0.41% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.26% of portfolio
2021   Q3$4.59 B LAD
Lithia Motors Inc.
16.26% of portfolio
 		ABG
Asbury Automotive Group Inc.
9.09% of portfolio
 		META
Meta Platforms Inc.
8.92% of portfolio
 		GOOGL
Alphabet Inc.
8.54% of portfolio
 		UHAL
U-Haul Holding Co.
7.91% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
7.75% of portfolio
 		TDG
TransDigm Group Inc.
7.35% of portfolio
 		WTW
Willis Towers Watson plc
5.55% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
5.11% of portfolio
 		ET
Energy Transfer LP
4.62% of portfolio
 		KMI
Kinder Morgan
4.55% of portfolio
 		CWH
Camping World Holdings Inc.
4.33% of portfolio
 		TPX
Tempur Sealy Int.
3.64% of portfolio
 		CPNG
Coupang Inc.
2.68% of portfolio
 		OI
O-I Glass Inc.
2.16% of portfolio
 		NUVB
Nuvation Bio Inc.
0.83% of portfolio
 		CTLP
Cantaloupe Inc.
0.49% of portfolio
 		USCB
USCB Financial Holdings Inc.
0.23% of portfolio
2021   Q2$4.5 B LAD
Lithia Motors Inc.
17.96% of portfolio
 		META
Meta Platforms Inc.
9.31% of portfolio
 		ABG
Asbury Automotive Group Inc.
8.07% of portfolio
 		GOOGL
Alphabet Inc.
7.95% of portfolio
 		TDG
TransDigm Group Inc.
7.76% of portfolio
 		UHAL
U-Haul Holding Co.
7.35% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
7.14% of portfolio
 		WTW
Willis Towers Watson plc
5.59% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
5.29% of portfolio
 		ET
Energy Transfer LP
5.23% of portfolio
 		KMI
Kinder Morgan
5.06% of portfolio
 		PCG
PG&E Corp.
4.79% of portfolio
 		CWH
Camping World Holdings Inc.
4.65% of portfolio
 		OI
O-I Glass Inc.
2.52% of portfolio
 		NUVB
Nuvation Bio Inc.
0.79% of portfolio
 		CTLP
Cantaloupe Inc.
0.55% of portfolio
2021   Q1$4.44 B LAD
Lithia Motors Inc.
20.65% of portfolio
 		ABG
Asbury Automotive Group Inc.
9.37% of portfolio
 		META
Meta Platforms Inc.
7.99% of portfolio
 		UHAL
U-Haul Holding Co.
7.74% of portfolio
 		TDG
TransDigm Group Inc.
7.14% of portfolio
 		GOOGL
Alphabet Inc.
6.80% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
6.25% of portfolio
 		CHNG-OLD
Change Healthcare Inc.
6.17% of portfolio
 		PCG
PG&E Corp.
6.00% of portfolio
 		WTW
Willis Towers Watson plc
5.64% of portfolio
 		KMI
Kinder Morgan
4.68% of portfolio
 		CWH
Camping World Holdings Inc.
4.18% of portfolio
 		ET
Energy Transfer LP
3.83% of portfolio
 		OI
O-I Glass Inc.
2.30% of portfolio
 		NUVB
Nuvation Bio Inc.
0.77% of portfolio
 		CTLP
Cantaloupe Inc.
0.50% of portfolio
2020   Q4$3.55 B LAD
Lithia Motors Inc.
19.41% of portfolio
 		TDG
TransDigm Group Inc.
9.41% of portfolio
 		META
Meta Platforms Inc.
9.28% of portfolio
 		ABG
Asbury Automotive Group Inc.
8.71% of portfolio
 		PCG
PG&E Corp.
8.15% of portfolio
 		GOOGL
Alphabet Inc.
7.24% of portfolio
 		UHAL
U-Haul Holding Co.
7.19% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
6.54% of portfolio
 		WTW
Willis Towers Watson plc
6.50% of portfolio
 		KMI
Kinder Morgan
4.81% of portfolio
 		ET
Energy Transfer LP
3.86% of portfolio
 		CWH
Camping World Holdings Inc.
3.75% of portfolio
 		OI
O-I Glass Inc.
2.33% of portfolio
 		TMDX
TransMedics Group Inc.
1.96% of portfolio
 		BMY.R
Bristol-Myers Squibb Rights
0.48% of portfolio
 		SCU-OLD
Sculptor Capital Management
0.22% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.16% of portfolio
2020   Q3$3.16 B LAD
Lithia Motors Inc.
16.04% of portfolio
 		META
Meta Platforms Inc.
9.98% of portfolio
 		TDG
TransDigm Group Inc.
8.10% of portfolio
 		PCG
PG&E Corp.
7.42% of portfolio
 		WTW
Willis Towers Watson plc
7.22% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
6.85% of portfolio
 		GOOGL
Alphabet Inc.
6.78% of portfolio
 		ABG
Asbury Automotive Group Inc.
6.52% of portfolio
 		UHAL
U-Haul Holding Co.
6.32% of portfolio
 		BEN
Franklin Resources
5.28% of portfolio
 		KMI
Kinder Morgan
4.86% of portfolio
 		CWH
Camping World Holdings Inc.
4.80% of portfolio
 		ET
Energy Transfer LP
3.79% of portfolio
 		OI
O-I Glass Inc.
2.32% of portfolio
 		TMDX
TransMedics Group Inc.
1.52% of portfolio
 		BMY.R
Bristol-Myers Squibb Rights
1.05% of portfolio
 		SCU-OLD
Sculptor Capital Management
0.59% of portfolio
 		AKBA
Akebia Therapeutics Inc.
0.45% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.11% of portfolio
2020   Q2$3.09 B LAD
Lithia Motors Inc.
10.89% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
9.58% of portfolio
 		META
Meta Platforms Inc.
8.84% of portfolio
 		TDG
TransDigm Group Inc.
7.70% of portfolio
 		PCG
PG&E Corp.
7.17% of portfolio
 		WTW
Willis Towers Watson plc
6.96% of portfolio
 		GOOGL
Alphabet Inc.
6.71% of portfolio
 		BEN
Franklin Resources
6.59% of portfolio
 		KMI
Kinder Morgan
6.12% of portfolio
 		UHAL
U-Haul Holding Co.
5.48% of portfolio
 		CWH
Camping World Holdings Inc.
5.36% of portfolio
 		ABG
Asbury Automotive Group Inc.
5.29% of portfolio
 		ET
Energy Transfer LP
3.11% of portfolio
 		BMY.R
Bristol-Myers Squibb Rights
2.68% of portfolio
 		AKBA
Akebia Therapeutics Inc.
2.48% of portfolio
 		TMDX
TransMedics Group Inc.
2.03% of portfolio
 		OI
O-I Glass Inc.
2.01% of portfolio
 		SCU-OLD
Sculptor Capital Management
0.86% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.11% of portfolio
 		PACD
Pacific Drilling S.A.
0.01% of portfolio
2020   Q1$2.54 B PCG
PG&E Corp.
8.85% of portfolio
 		AGN
Allergan Plc
8.63% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
8.50% of portfolio
 		META
Meta Platforms Inc.
7.91% of portfolio
 		WTW
Willis Towers Watson plc
7.31% of portfolio
 		LAD
Lithia Motors Inc.
7.17% of portfolio
 		TDG
TransDigm Group Inc.
6.80% of portfolio
 		GOOGL
Alphabet Inc.
6.70% of portfolio
 		UHAL
U-Haul Holding Co.
6.42% of portfolio
 		BEN
Franklin Resources
6.38% of portfolio
 		KMI
Kinder Morgan
5.37% of portfolio
 		ABG
Asbury Automotive Group Inc.
4.60% of portfolio
 		BMY.R
Bristol-Myers Squibb Rights
3.47% of portfolio
 		ET
Energy Transfer LP
2.45% of portfolio
 		OI
O-I Glass Inc.
1.94% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.69% of portfolio
 		TMDX
TransMedics Group Inc.
1.66% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.48% of portfolio
 		CWH
Camping World Holdings Inc.
1.37% of portfolio
 		SCU-OLD
Sculptor Capital Management
1.10% of portfolio
2019   Q4$3.22 B LAD
Lithia Motors Inc.
10.17% of portfolio
 		PCG
PG&E Corp.
8.44% of portfolio
 		BEN
Franklin Resources
7.84% of portfolio
 		AGN
Allergan Plc
7.35% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
7.32% of portfolio
 		ORLY
O'Reilly Automotive
7.07% of portfolio
 		WTW
Willis Towers Watson plc
6.86% of portfolio
 		ABG
Asbury Automotive Group Inc.
6.61% of portfolio
 		UHAL
U-Haul Holding Co.
6.55% of portfolio
 		META
Meta Platforms Inc.
6.50% of portfolio
 		KMI
Kinder Morgan
5.61% of portfolio
 		GOOGL
Alphabet Inc.
5.04% of portfolio
 		CWH
Camping World Holdings Inc.
2.80% of portfolio
 		BMY.R
Bristol-Myers Squibb Rights
2.17% of portfolio
 		TMDX
TransMedics Group Inc.
2.07% of portfolio
 		SPH
Suburban Propane Partners, L.P.
2.03% of portfolio
 		OI
O-I Glass Inc.
1.81% of portfolio
 		SCU-OLD
Sculptor Capital Management
1.41% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.11% of portfolio
 		PACD
Pacific Drilling S.A.
0.94% of portfolio
2019   Q3$3.57 B CELG
Celgene Corp.
18.77% of portfolio
 		LAD
Lithia Motors Inc.
8.52% of portfolio
 		BEN
Franklin Resources
7.90% of portfolio
 		PCG
PG&E Corp.
7.00% of portfolio
 		AABA
Altaba Inc.
6.90% of portfolio
 		UHAL
U-Haul Holding Co.
6.13% of portfolio
 		WTW
Willis Towers Watson plc
6.00% of portfolio
 		ORLY
O'Reilly Automotive
5.96% of portfolio
 		ABG
Asbury Automotive Group Inc.
5.45% of portfolio
 		META
Meta Platforms Inc.
5.11% of portfolio
 		KMI
Kinder Morgan
4.92% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
4.63% of portfolio
 		GOOGL
Alphabet Inc.
4.24% of portfolio
 		TMDX
TransMedics Group Inc.
2.25% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.98% of portfolio
 		CWH
Camping World Holdings Inc.
1.36% of portfolio
 		SCU-OLD
Sculptor Capital Management
1.21% of portfolio
 		PACD
Pacific Drilling S.A.
0.81% of portfolio
 		AKBA
Akebia Therapeutics Inc.
0.62% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.24% of portfolio
2019   Q2$3.68 B CELG
Celgene Corp.
16.96% of portfolio
 		PCG
PG&E Corp.
15.56% of portfolio
 		BEN
Franklin Resources
9.24% of portfolio
 		LAD
Lithia Motors Inc.
7.42% of portfolio
 		UHAL
U-Haul Holding Co.
5.77% of portfolio
 		WTW
Willis Towers Watson plc
5.77% of portfolio
 		META
Meta Platforms Inc.
5.37% of portfolio
 		ORLY
O'Reilly Automotive
5.36% of portfolio
 		KMI
Kinder Morgan
4.84% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
4.52% of portfolio
 		ABG
Asbury Automotive Group Inc.
4.36% of portfolio
 		GOOGL
Alphabet Inc.
3.65% of portfolio
 		PACD
Pacific Drilling S.A.
2.54% of portfolio
 		TMDX
TransMedics Group Inc.
2.39% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.97% of portfolio
 		CWH
Camping World Holdings Inc.
1.72% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
1.39% of portfolio
 		AKBA
Akebia Therapeutics Inc.
0.74% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.43% of portfolio
2019   Q1$3.56 B CELG
Celgene Corp.
17.89% of portfolio
 		PCG
PG&E Corp.
12.50% of portfolio
 		BEN
Franklin Resources
9.10% of portfolio
 		ORLY
O'Reilly Automotive
8.16% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
7.95% of portfolio
 		LAD
Lithia Motors Inc.
5.99% of portfolio
 		UHAL
U-Haul Holding Co.
5.86% of portfolio
 		WTW
Willis Towers Watson plc
5.47% of portfolio
 		META
Meta Platforms Inc.
4.80% of portfolio
 		KMI
Kinder Morgan
4.79% of portfolio
 		GOOGL
Alphabet Inc.
4.10% of portfolio
 		ABG
Asbury Automotive Group Inc.
3.71% of portfolio
 		PACD
Pacific Drilling S.A.
2.94% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.88% of portfolio
 		CWH
Camping World Holdings Inc.
1.54% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.30% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
1.02% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.50% of portfolio
 		BNED
Barnes & Noble Education Inc.
0.50% of portfolio
2018   Q4$2.42 B BEN
Franklin Resources
12.30% of portfolio
 		ORLY
O'Reilly Automotive
12.24% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
11.80% of portfolio
 		UHAL
U-Haul Holding Co.
7.81% of portfolio
 		WU
Western Union Co.
7.36% of portfolio
 		LAD
Lithia Motors Inc.
7.25% of portfolio
 		WTW
Willis Towers Watson plc
6.96% of portfolio
 		KMI
Kinder Morgan
5.57% of portfolio
 		META
Meta Platforms Inc.
5.42% of portfolio
 		GOOGL
Alphabet Inc.
5.36% of portfolio
 		ABG
Asbury Automotive Group Inc.
5.24% of portfolio
 		PACD
Pacific Drilling S.A.
4.09% of portfolio
 		SPH
Suburban Propane Partners, L.P.
2.38% of portfolio
 		CWH
Camping World Holdings Inc.
1.83% of portfolio
 		AKBA
Akebia Therapeutics Inc.
1.29% of portfolio
 		BNED
Barnes & Noble Education Inc.
0.97% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
0.85% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.72% of portfolio
 		ENT
Global Eagle Entertainment
0.56% of portfolio
2018   Q3$3.78 B TEVA
Teva Pharmaceutical Industries Ltd.
11.12% of portfolio
 		SHPG
Shire plc
10.77% of portfolio
 		WU
Western Union Co.
10.66% of portfolio
 		ORLY
O'Reilly Automotive
8.11% of portfolio
 		ESRX
Express Scripts
8.02% of portfolio
 		BEN
Franklin Resources
7.99% of portfolio
 		AABA
Altaba Inc.
6.79% of portfolio
 		UHAL
U-Haul Holding Co.
5.43% of portfolio
 		AET
Aetna Inc.
4.42% of portfolio
 		WTW
Willis Towers Watson plc
4.41% of portfolio
 		LAD
Lithia Motors Inc.
4.32% of portfolio
 		KMI
Kinder Morgan
4.11% of portfolio
 		GOOGL
Alphabet Inc.
3.96% of portfolio
 		ABG
Asbury Automotive Group Inc.
2.88% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.86% of portfolio
 		CWH
Camping World Holdings Inc.
1.31% of portfolio
 		BNED
Barnes & Noble Education Inc.
0.89% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
0.87% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
0.82% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.53% of portfolio
2018   Q2$3.6 B TEVA
Teva Pharmaceutical Industries Ltd.
13.36% of portfolio
 		WU
Western Union Co.
12.07% of portfolio
 		AET
Aetna Inc.
8.04% of portfolio
 		AABA
Altaba Inc.
7.78% of portfolio
 		BEN
Franklin Resources
7.08% of portfolio
 		ORLY
O'Reilly Automotive
6.72% of portfolio
 		UHAL
U-Haul Holding Co.
5.71% of portfolio
 		ESRX
Express Scripts
5.70% of portfolio
 		WTW
Willis Towers Watson plc
4.99% of portfolio
 		PCG
PG&E Corp.
4.63% of portfolio
 		KMI
Kinder Morgan
4.31% of portfolio
 		QCP
Quality Care Properties Inc.
4.20% of portfolio
 		GOOGL
Alphabet Inc.
3.90% of portfolio
 		LAD
Lithia Motors Inc.
2.74% of portfolio
 		ABG
Asbury Automotive Group Inc.
2.07% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.85% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
1.19% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.04% of portfolio
 		BNED
Barnes & Noble Education Inc.
0.92% of portfolio
 		GPI
Group 1 Automotive
0.80% of portfolio
2018   Q1$3.19 B WU
Western Union Co.
13.03% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
10.58% of portfolio
 		TWX
Time Warner Inc.
9.92% of portfolio
 		AABA
Altaba Inc.
9.09% of portfolio
 		BEN
Franklin Resources
8.64% of portfolio
 		AET
Aetna Inc.
7.31% of portfolio
 		ORLY
O'Reilly Automotive
6.85% of portfolio
 		WTW
Willis Towers Watson plc
5.65% of portfolio
 		PCG
PG&E Corp.
5.39% of portfolio
 		UHAL
U-Haul Holding Co.
5.32% of portfolio
 		QCP
Quality Care Properties Inc.
4.26% of portfolio
 		KMI
Kinder Morgan
4.00% of portfolio
 		ABG
Asbury Automotive Group Inc.
2.30% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
1.86% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.37% of portfolio
 		BNED
Barnes & Noble Education Inc.
1.32% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.25% of portfolio
 		GPI
Group 1 Automotive
1.03% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.52% of portfolio
 		ENT
Global Eagle Entertainment
0.32% of portfolio
2017   Q4$2.97 B WU
Western Union Co.
13.83% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
12.60% of portfolio
 		BEN
Franklin Resources
11.59% of portfolio
 		AABA
Altaba Inc.
9.21% of portfolio
 		TWX
Time Warner Inc.
9.18% of portfolio
 		ORLY
O'Reilly Automotive
7.15% of portfolio
 		WTW
Willis Towers Watson plc
6.00% of portfolio
 		WFC
Wells Fargo
5.85% of portfolio
 		UHAL
U-Haul Holding Co.
5.02% of portfolio
 		PCG
PG&E Corp.
4.91% of portfolio
 		QCP
Quality Care Properties Inc.
2.36% of portfolio
 		ABG
Asbury Automotive Group Inc.
2.34% of portfolio
 		CLNS
Colony NorthStar Inc.
1.88% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
1.87% of portfolio
 		BNED
Barnes & Noble Education Inc.
1.81% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.52% of portfolio
 		SPH
Suburban Propane Partners, L.P.
1.23% of portfolio
 		GPI
Group 1 Automotive
0.60% of portfolio
 		ENT
Global Eagle Entertainment
0.54% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.52% of portfolio
2017   Q3$2.56 B WU
Western Union Co.
16.19% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
14.85% of portfolio
 		BEN
Franklin Resources
13.80% of portfolio
 		AABA
Altaba Inc.
10.12% of portfolio
 		WFC
Wells Fargo
7.19% of portfolio
 		ORLY
O'Reilly Automotive
7.18% of portfolio
 		WTW
Willis Towers Watson plc
7.12% of portfolio
 		UHAL
U-Haul Holding Co.
5.77% of portfolio
 		QCP
Quality Care Properties Inc.
3.02% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
2.80% of portfolio
 		CLNS
Colony NorthStar Inc.
2.79% of portfolio
 		ABG
Asbury Automotive Group Inc.
2.38% of portfolio
 		BNED
Barnes & Noble Education Inc.
2.23% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.58% of portfolio
 		ENT
Global Eagle Entertainment
0.93% of portfolio
 		GPI
Group 1 Automotive
0.71% of portfolio
 		SPH
Suburban Propane Partners, L.P.
0.69% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.61% of portfolio
2017   Q2$2.52 B WU
Western Union Co.
16.36% of portfolio
 		BEN
Franklin Resources
14.15% of portfolio
 		TWX
Time Warner Inc.
12.17% of portfolio
 		AABA
Altaba Inc.
8.48% of portfolio
 		WFC
Wells Fargo
7.36% of portfolio
 		WTW
Willis Towers Watson plc
6.84% of portfolio
 		UHAL
U-Haul Holding Co.
5.74% of portfolio
 		CLNS
Colony NorthStar Inc.
5.28% of portfolio
 		WBT-OLD
Welbilt Inc.
4.47% of portfolio
 		BNED
Barnes & Noble Education Inc.
3.71% of portfolio
 		QCP
Quality Care Properties Inc.
3.64% of portfolio
 		CARS
Cars.com Inc.
2.65% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
2.26% of portfolio
 		VEON
VEON Ltd.
2.18% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.64% of portfolio
 		BKS
Barnes & Noble
1.06% of portfolio
 		ENT
Global Eagle Entertainment
0.99% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.65% of portfolio
 		SPH
Suburban Propane Partners, L.P.
0.37% of portfolio
2017   Q1$2.61 B WU
Western Union Co.
16.85% of portfolio
 		BEN
Franklin Resources
12.83% of portfolio
 		MSFT
Microsoft Corp.
12.57% of portfolio
 		TWX
Time Warner Inc.
11.42% of portfolio
 		WFC
Wells Fargo
7.13% of portfolio
 		WTW
Willis Towers Watson plc
5.94% of portfolio
 		WBT-OLD
Welbilt Inc.
5.67% of portfolio
 		CLNS
Colony NorthStar Inc.
5.40% of portfolio
 		UHAL
U-Haul Holding Co.
3.94% of portfolio
 		BKS
Barnes & Noble
3.69% of portfolio
 		QCP
Quality Care Properties Inc.
3.61% of portfolio
 		BNED
Barnes & Noble Education Inc.
3.22% of portfolio
 		VEON
VEON Ltd.
2.94% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
1.93% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.35% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.78% of portfolio
 		ENT
Global Eagle Entertainment
0.72% of portfolio
2016   Q4$2.72 B WU
Western Union Co.
17.23% of portfolio
 		BEN
Franklin Resources
11.54% of portfolio
 		MSFT
Microsoft Corp.
11.36% of portfolio
 		TWX
Time Warner Inc.
10.81% of portfolio
 		WBT-OLD
Welbilt Inc.
7.99% of portfolio
 		WFC
Wells Fargo
6.76% of portfolio
 		NSAM
Northstar Asset Management Grp
5.97% of portfolio
 		WTW
Willis Towers Watson plc
5.31% of portfolio
 		BKS
Barnes & Noble
4.26% of portfolio
 		BNED
Barnes & Noble Education Inc.
3.69% of portfolio
 		VEON
VEON Ltd.
2.65% of portfolio
 		QCP
Quality Care Properties Inc.
2.54% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
2.30% of portfolio
 		MGI-OLD
MoneyGram International
2.22% of portfolio
 		UHAL
U-Haul Holding Co.
1.40% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.23% of portfolio
 		ENT
Global Eagle Entertainment
1.19% of portfolio
 		SYT
Syngenta
0.91% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.62% of portfolio
2016   Q3$2.02 B WU
Western Union Co.
22.33% of portfolio
 		MSFT
Microsoft Corp.
14.24% of portfolio
 		BEN
Franklin Resources
14.03% of portfolio
 		WBT-OLD
Welbilt Inc.
9.06% of portfolio
 		NSAM
Northstar Asset Management Grp
7.00% of portfolio
 		WFC
Wells Fargo
6.09% of portfolio
 		BKS
Barnes & Noble
5.84% of portfolio
 		BNED
Barnes & Noble Education Inc.
4.17% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
3.67% of portfolio
 		VEON
VEON Ltd.
3.24% of portfolio
 		NRF
NorthStar Realty Finance Corp.
2.14% of portfolio
 		ENT
Global Eagle Entertainment
2.06% of portfolio
 		OPB
Opus Bank
1.85% of portfolio
 		MGI-OLD
MoneyGram International
1.81% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.51% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.97% of portfolio
2016   Q2$1.91 B WU
Western Union Co.
21.65% of portfolio
 		BEN
Franklin Resources
13.85% of portfolio
 		MSFT
Microsoft Corp.
13.31% of portfolio
 		WBT-OLD
Welbilt Inc.
10.36% of portfolio
 		WFC
Wells Fargo
6.85% of portfolio
 		BKS
Barnes & Noble
6.18% of portfolio
 		NSAM
Northstar Asset Management Grp
5.82% of portfolio
 		BNED
Barnes & Noble Education Inc.
4.65% of portfolio
 		VEON
VEON Ltd.
3.80% of portfolio
 		OZM
Och Ziff Capital Mgmt Grp LLC
3.05% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.98% of portfolio
 		NRF
NorthStar Realty Finance Corp.
1.96% of portfolio
 		OPB
Opus Bank
1.86% of portfolio
 		MGI-OLD
MoneyGram International
1.84% of portfolio
 		ENT
Global Eagle Entertainment
1.73% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.09% of portfolio
 		OXSQ
Oxford Square Capital Corp.
0.02% of portfolio
2016   Q1$2.12 B WU
Western Union Co.
19.69% of portfolio
 		BEN
Franklin Resources
14.66% of portfolio
 		MSFT
Microsoft Corp.
12.99% of portfolio
 		WBT-OLD
Welbilt Inc.
7.84% of portfolio
 		TWC
Time Warner Cable Inc.
6.39% of portfolio
 		WFC
Wells Fargo
6.33% of portfolio
 		BKS
Barnes & Noble
6.08% of portfolio
 		NSAM
Northstar Asset Management Grp
4.24% of portfolio
 		BNED
Barnes & Noble Education Inc.
4.06% of portfolio
 		INXN
Interxion Holding NV
3.84% of portfolio
 		VEON
VEON Ltd.
3.78% of portfolio
 		OPB
Opus Bank
2.56% of portfolio
 		NRF
NorthStar Realty Finance Corp.
2.03% of portfolio
 		ENT
Global Eagle Entertainment
2.01% of portfolio
 		MGI-OLD
MoneyGram International
1.48% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.26% of portfolio
 		CCO
Clear Channel Outdoor Holdings
0.74% of portfolio
 		OXSQ
Oxford Square Capital Corp.
0.01% of portfolio
2015   Q4$1.83 B WU
Western Union Co.
21.16% of portfolio
 		MSFT
Microsoft Corp.
15.11% of portfolio
 		BEN
Franklin Resources
10.62% of portfolio
 		WFC
Wells Fargo
8.23% of portfolio
 		CNL
CLECO Corp.
6.74% of portfolio
 		TWC
Time Warner Cable Inc.
6.71% of portfolio
 		MTW
Manitowoc Co.
6.06% of portfolio
 		BNED
Barnes & Noble Education Inc.
4.47% of portfolio
 		INXN
Interxion Holding NV
3.87% of portfolio
 		BKS
Barnes & Noble
3.53% of portfolio
 		VEON
VEON Ltd.
3.26% of portfolio
 		OPB
Opus Bank
3.23% of portfolio
 		ENT
Global Eagle Entertainment
2.70% of portfolio
 		MGI-OLD
MoneyGram International
1.76% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.52% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.03% of portfolio
2015   Q3$1.4 B WU
Western Union Co.
28.40% of portfolio
 		MSFT
Microsoft Corp.
15.78% of portfolio
 		WFC
Wells Fargo
10.18% of portfolio
 		BNED
Barnes & Noble Education Inc.
6.50% of portfolio
 		BKS
Barnes & Noble
6.00% of portfolio
 		OPB
Opus Bank
5.62% of portfolio
 		MTW
Manitowoc Co.
5.38% of portfolio
 		CNL
CLECO Corp.
4.57% of portfolio
 		INXN
Interxion Holding NV
4.55% of portfolio
 		ENT
Global Eagle Entertainment
4.11% of portfolio
 		VEON
VEON Ltd.
3.00% of portfolio
 		MGI-OLD
MoneyGram International
2.94% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.71% of portfolio
 		KERX
Keryx Biopharmaceuticals Inc.
1.26% of portfolio
2015   Q2$1.47 B WU
Western Union Co.
29.82% of portfolio
 		MSFT
Microsoft Corp.
14.93% of portfolio
 		DTV
DIRECTV Group Inc.
10.80% of portfolio
 		WFC
Wells Fargo
10.58% of portfolio
 		BKS
Barnes & Noble
9.02% of portfolio
 		OPB
Opus Bank
5.58% of portfolio
 		ENT
Global Eagle Entertainment
4.42% of portfolio
 		INXN
Interxion Holding NV
4.41% of portfolio
 		WEN
Wendy's Co.
3.25% of portfolio
 		MGI-OLD
MoneyGram International
3.20% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.31% of portfolio
 		VEON
VEON Ltd.
1.69% of portfolio
2015   Q1$1.35 B WU
Western Union Co.
33.44% of portfolio
 		MSFT
Microsoft Corp.
15.06% of portfolio
 		WFC
Wells Fargo
11.21% of portfolio
 		DTV
DIRECTV Group Inc.
8.86% of portfolio
 		BKS
Barnes & Noble
7.27% of portfolio
 		OPB
Opus Bank
5.21% of portfolio
 		ENT
Global Eagle Entertainment
4.95% of portfolio
 		INXN
Interxion Holding NV
4.92% of portfolio
 		MGI-OLD
MoneyGram International
2.81% of portfolio
 		CST
CST Brands
2.59% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.52% of portfolio
 		VEON
VEON Ltd.
1.15% of portfolio
2014   Q4$1.93 B WU
Western Union Co.
20.05% of portfolio
 		COV-OLD
Covidien Plc.
15.63% of portfolio
 		AIG
American International Group
13.93% of portfolio
 		MSFT
Microsoft Corp.
11.98% of portfolio
 		WFC
Wells Fargo
7.87% of portfolio
 		CST
CST Brands
6.02% of portfolio
 		BKS
Barnes & Noble
4.95% of portfolio
 		ENT
Global Eagle Entertainment
3.53% of portfolio
 		OPB
Opus Bank
3.34% of portfolio
 		INXN
Interxion Holding NV
3.33% of portfolio
 		DTV
DIRECTV Group Inc.
3.14% of portfolio
 		RYAM
Rayonier Advanced Materials Inc.
2.81% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.84% of portfolio
 		MGI-OLD
MoneyGram International
1.09% of portfolio
 		JCP
Penney (J.C.)
0.50% of portfolio
2014   Q3$1.69 B WU
Western Union Co.
20.50% of portfolio
 		AIG
American International Group
15.34% of portfolio
 		MSFT
Microsoft Corp.
13.66% of portfolio
 		COV-OLD
Covidien Plc.
13.41% of portfolio
 		WFC
Wells Fargo
8.50% of portfolio
 		CST
CST Brands
7.95% of portfolio
 		RYAM
Rayonier Advanced Materials Inc.
4.87% of portfolio
 		BKS
Barnes & Noble
4.80% of portfolio
 		OPB
Opus Bank
4.08% of portfolio
 		ENT
Global Eagle Entertainment
3.32% of portfolio
 		INXN
Interxion Holding NV
1.34% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.34% of portfolio
 		JCP
Penney (J.C.)
0.89% of portfolio
2014   Q2$1.41 B WU
Western Union Co.
26.31% of portfolio
 		AIG
American International Group
18.34% of portfolio
 		WFC
Wells Fargo
10.31% of portfolio
 		MSFT
Microsoft Corp.
10.10% of portfolio
 		CST
CST Brands
7.33% of portfolio
 		BKS
Barnes & Noble
6.64% of portfolio
 		NAVI
Navient Corp.
6.49% of portfolio
 		OPB
Opus Bank
4.40% of portfolio
 		ENT
Global Eagle Entertainment
3.81% of portfolio
 		RYN
Rayonier Inc.
2.32% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.94% of portfolio
 		GTIV
Gentiva Health Services
1.04% of portfolio
 		JCP
Penney (J.C.)
0.96% of portfolio
2014   Q1$1.26 B WU
Western Union Co.
22.55% of portfolio
 		AIG
American International Group
18.84% of portfolio
 		SLM
SLM Corp.
15.93% of portfolio
 		MSFT
Microsoft Corp.
11.13% of portfolio
 		WFC
Wells Fargo
10.94% of portfolio
 		CST
CST Brands
7.44% of portfolio
 		ENT
Global Eagle Entertainment
3.76% of portfolio
 		BKS
Barnes & Noble
3.51% of portfolio
 		WAIR
Wesco Aircraft Holdings
2.46% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.43% of portfolio
 		JCP
Penney (J.C.)
1.03% of portfolio
2013   Q4$1.27 B WU
Western Union Co.
23.65% of portfolio
 		SLM
SLM Corp.
21.10% of portfolio
 		AIG
American International Group
19.13% of portfolio
 		WAIR
Wesco Aircraft Holdings
9.98% of portfolio
 		WFC
Wells Fargo
9.93% of portfolio
 		CST
CST Brands
8.70% of portfolio
 		ENT
Global Eagle Entertainment
3.52% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.69% of portfolio
 		JCP
Penney (J.C.)
0.72% of portfolio
 		GCVRZ
Sanofi Rights Issue
0.31% of portfolio
 		EGL
Engility Holdings Inc.
0.27% of portfolio
2013   Q3$1.27 B WU
Western Union Co.
25.42% of portfolio
 		SLM
SLM Corp.
19.86% of portfolio
 		AIG
American International Group
18.11% of portfolio
 		WAIR
Wesco Aircraft Holdings
14.26% of portfolio
 		CST
CST Brands
7.01% of portfolio
 		EGL
Engility Holdings Inc.
6.29% of portfolio
 		GCVRZ
Sanofi Rights Issue
4.94% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.16% of portfolio
 		MANT-OLD
ManTech International 'A'
1.94% of portfolio
2013   Q2$1.73 B SLM
SLM Corp.
20.20% of portfolio
 		WU
Western Union Co.
17.22% of portfolio
 		AIG
American International Group
12.29% of portfolio
 		DELL-OLD
Dell Inc.
11.58% of portfolio
 		WAIR
Wesco Aircraft Holdings
9.71% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
5.82% of portfolio
 		AIZ
Assurant Inc.
4.43% of portfolio
 		EGL
Engility Holdings Inc.
4.39% of portfolio
 		CST
CST Brands
3.57% of portfolio
 		GCVRZ
Sanofi Rights Issue
3.44% of portfolio
 		BMC
BMC Software
3.22% of portfolio
 		MANT-OLD
ManTech International 'A'
2.68% of portfolio
 		CCO
Clear Channel Outdoor Holdings
1.45% of portfolio
2013   Q1$1.03 B SLM
SLM Corp.
29.96% of portfolio
 		WU
Western Union Co.
21.92% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
9.88% of portfolio
 		WAIR
Wesco Aircraft Holdings
7.19% of portfolio
 		AIZ
Assurant Inc.
6.57% of portfolio
 		EGL
Engility Holdings Inc.
6.22% of portfolio
 		LAMR
Lamar Advertising Co.
6.01% of portfolio
 		GCVRZ
Sanofi Rights Issue
5.44% of portfolio
 		MANT-OLD
ManTech International 'A'
4.36% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.44% of portfolio
2012   Q4$1.09 B SLM
SLM Corp.
23.59% of portfolio
 		LAMR
Lamar Advertising Co.
19.52% of portfolio
 		NXY
Nexen Inc.
17.64% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
8.76% of portfolio
 		WAIR
Wesco Aircraft Holdings
6.08% of portfolio
 		GOOGL
Alphabet Inc.
4.91% of portfolio
 		GCVRZ
Sanofi Rights Issue
4.87% of portfolio
 		EGL
Engility Holdings Inc.
4.69% of portfolio
 		CWH-OLD
CommonWealth REIT
3.07% of portfolio
 		SLGN
Silgan Holdings Inc.
2.88% of portfolio
 		CCO
Clear Channel Outdoor Holdings
2.16% of portfolio
 		MANT-OLD
ManTech International 'A'
1.82% of portfolio