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
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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
Analog Devices, Inc. COMMON 032654105 537 4,600 SH   SOLE   4,600 0 0
Alleghany Corporation COMMON 017175100 94,657 181,876 SH   SOLE   134,516 0 47,360
Alphabet Inc. Cl A COMMON 02079K305 60,491 41,274 SH   SOLE   30,329 0 10,945
Applied Materials COMMON 038222105 85,071 1,430,964 SH   SOLE   1,052,264 0 378,700
Bank of America Corporation COMMON 060505104 110,431 4,584,116 SH   SOLE   3,405,616 0 1,178,500
Berkshire Hathaway, Inc. Cl B COMMON 084670702 93,402 438,632 SH   SOLE   320,567 0 118,065
The Blackstone Group Inc. COMMON 09260D107 81,871 1,568,401 SH   SOLE   1,154,151 0 414,250
Booking Holdings Inc. COMMON 09857L108 81,218 47,477 SH   SOLE   35,007 0 12,470
CIGNA Corporation COMMON 125523100 110,756 653,776 SH   SOLE   480,216 0 173,560
Cabot Oil & Gas Corporatio COMMON 127097103 68,565 3,949,616 SH   SOLE   2,929,466 0 1,020,150
Capital One Financial Corp COMMON 14040H105 107,444 1,495,189 SH   SOLE   1,107,589 0 387,600
CitiGroup, Inc. COMMON 172967424 95,699 2,219,884 SH   SOLE   1,645,134 0 574,750
Comcast Corporation Class A COMMON 20030N101 110,921 2,397,771 SH   SOLE   1,755,521 0 642,250
Dentsply Sirona Inc. COMMON 24906P109 74,944 1,713,800 SH   SOLE   1,263,400 0 450,400
Elanco Animal Health Inc. COMMON 28414H103 83,004 2,971,851 SH   SOLE   2,190,751 0 781,100
EOG Resources, Inc. COMMON 26875P101 61,894 1,722,158 SH   SOLE   1,261,658 0 460,500
Fiserv, Inc. COMMON 337738108 71,395 692,822 SH   SOLE   509,222 0 183,600
International Paper Company COMMON 460146103 70,604 1,741,597 SH   SOLE   1,280,747 0 460,850
Lam Research Corporation COMMON 512807108 59,774 180,179 SH   SOLE   132,974 0 47,205
Lennar Corporation COMMON 526057104 75,343 922,412 SH   SOLE   682,962 0 239,450
Magna International Inc. COMMON 559222401 73,212 1,600,259 SH   SOLE   1,191,359 0 408,900
Merck & Co. Inc. COMMON 58933Y105 87,011 1,048,956 SH   SOLE   773,056 0 275,900
Morgan Stanley COMMON 617446448 108,105 2,235,887 SH   SOLE   1,649,987 0 585,900
Oracle Corporation COMMON 68389X105 138,422 2,318,626 SH   SOLE   1,693,826 0 624,800
Pfizer Inc. COMMON 717081103 98,841 2,693,226 SH   SOLE   1,990,826 0 702,400
SVB Financial Group COMMON 78486Q101 80,610 335,011 SH   SOLE   246,171 0 88,840
Henry Schein Inc. COMMON 806407102 64,563 1,098,380 SH   SOLE   808,380 0 290,000
Thermo Fisher Scientific, Inc. COMMON 883556102 70,666 160,052 SH   SOLE   116,652 0 43,400
UnitedHealth Group Inc. COMMON 91324P102 73,526 235,833 SH   SOLE   172,833 0 63,000
Verizon Communications Inc. COMMON 92343V104 964 16,200 SH   SOLE   16,200 0 0
Wabtec Corporation COMMON 929740108 70,356 1,136,967 SH   SOLE   847,017 0 289,950
Walmart Inc. COMMON 931142103 70,151 501,402 SH   SOLE   368,502 0 132,900
Whirlpool Corporation COMMON 963320106 69,519 378,045 SH   SOLE   278,495 0 99,550
Eaton Corporation PLC COMMON G29183103 85,812 841,051 SH   SOLE   620,851 0 220,200
Aptiv PLC COMMON G6095L109 72,324 788,878 SH   SOLE   583,978 0 204,900
Sensata Technologies Holdings plc COMMON G8060N102 91,445 2,119,726 SH   SOLE   1,598,326 0 521,400
Perrigo Company plc COMMON G97822103 100,534 2,189,810 SH   SOLE   1,658,010 0 531,800
Chubb Limited COMMON H1467J104 94,505 813,857 SH   SOLE   609,607 0 204,250
NXP Semiconductors NV COMMON N6596X109 85,167 682,375 SH   SOLE   507,525 0 174,850
Flex Ltd. COMMON Y2573F102 68,123 6,115,145 SH   SOLE   4,507,845 0 1,607,300