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
Alphabet Inc. Cl A COMMON 02079K305 140,769 144,568 SH   SOLE   108,178 0 36,390
Analog Devices Inc COMMON 032654105 171,583 1,991,215 SH   SOLE   1,501,365 0 489,850
Antero Resources Corporation COMMON 03674X106 197,665 9,932,900 SH   SOLE   7,480,300 0 2,452,600
Applied Materials COMMON 038222105 161,756 3,105,309 SH   SOLE   2,339,759 0 765,550
Bank of America Corporatio COMMON 060505104 256,467 10,121,051 SH   SOLE   7,626,351 0 2,494,700
Berkshire Hathaway, Inc. C COMMON 084670702 182,835 997,356 SH   SOLE   758,106 0 239,250
BP PLC Sponsored ADR COMMON 055622104 152,983 3,980,820 SH   SOLE   2,973,070 0 1,007,750
Capital One Financial Corp COMMON 14040H105 199,869 2,360,838 SH   SOLE   1,779,888 0 580,950
CBS Corporation COMMON 124857202 141,540 2,440,353 SH   SOLE   1,839,753 0 600,600
CitiGroup, Inc. COMMON 172967424 263,538 3,623,014 SH   SOLE   2,730,864 0 892,150
Comcast Corporation Class A COMMON 20030N101 125,923 3,272,421 SH   SOLE   2,474,921 0 797,500
Delta Air Lines Inc COMMON 247361702 143,162 2,968,928 SH   SOLE   2,244,978 0 723,950
Exelon Corporation COMMON 30161N101 142,645 3,786,713 SH   SOLE   2,867,763 0 918,950
First Data Corporation COMMON 32008D106 221,788 12,294,211 SH   SOLE   9,311,661 0 2,982,550
General Electric Company COMMON 369604103 127,417 5,269,540 SH   SOLE   3,960,840 0 1,308,700
The Goodyear Tire and Rubber Co COMMON 382550101 133,796 4,023,929 SH   SOLE   3,032,679 0 991,250
Hewlett Packard Enterprise COMMON 42824C109 140,171 9,528,965 SH   SOLE   7,184,815 0 2,344,150
International Paper Company COMMON 460146103 205,942 3,624,456 SH   SOLE   2,731,356 0 893,100
Keysight Technologies, Inc. COMMON 49338L103 181,126 4,347,717 SH   SOLE   3,278,017 0 1,069,700
Marsh & McLennan Companies Inc. COMMON 571748102 128,941 1,538,492 SH   SOLE   1,159,842 0 378,650
Merck & Co. Inc. COMMON 58933Y105 214,574 3,351,152 SH   SOLE   2,523,752 0 827,400
Micro Focus International COMMON 594837304 124,347 3,898,012 SH   SOLE   2,906,312 0 991,700
Microsoft Corporation COMMON 594918104 165,996 2,228,440 SH   SOLE   1,681,090 0 547,350
Occidental Petroleum Corporation COMMON 674599105 199,509 3,107,127 SH   SOLE   2,341,377 0 765,750
Oracle Corporation COMMON 68389X105 184,816 3,822,453 SH   SOLE   2,883,553 0 938,900
Pfizer Inc. COMMON 717081103 190,574 5,338,219 SH   SOLE   4,025,919 0 1,312,300
Thermo Fisher Scientific, COMMON 883556102 204,802 1,082,464 SH   SOLE   816,614 0 265,850
TOTAL S.A. - ADR COMMON 89151E109 203,341 3,799,343 SH   SOLE   2,813,793 0 985,550
Vodafone Group Plc ADR COMMON 92857W308 148,531 5,218,946 SH   SOLE   3,883,646 0 1,335,300
Wal-Mart Stores, Inc. COMMON 931142103 174,838 2,237,496 SH   SOLE   1,690,996 0 546,500
Allergan plc COMMON G0177J108 160,080 781,069 SH   SOLE   581,619 0 199,450
Aon PLC COMMON G0408V102 161,672 1,106,583 SH   SOLE   823,583 0 283,000
Invesco Ltd. COMMON G491BT108 93,035 2,655,103 SH   SOLE   1,968,653 0 686,450
Pentair plc COMMON G7S00T104 153,897 2,264,529 SH   SOLE   1,691,079 0 573,450
Chubb Ltd COMMON H1467J104 138,481 971,453 SH   SOLE   722,953 0 248,500
Flex, Ltd. COMMON Y2573F102 183,461 11,071,853 SH   SOLE   8,262,103 0 2,809,750