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
Alexion Pharmaceuticals, Inc. COMMON 015351109 134,590 1,084,094 SH   SOLE   798,544 0 285,550
Alphabet Inc. Cl A COMMON 02079K305 166,045 147,048 SH   SOLE   108,123 0 38,925
American Intl Group, Inc. COMMON 026874784 184,816 3,485,772 SH   SOLE   2,571,122 0 914,650
Antero Resources Corporation COMMON 03674X106 222,882 10,439,443 SH   SOLE   7,671,793 0 2,767,650
Applied Materials COMMON 038222105 128,563 2,783,347 SH   SOLE   2,050,847 0 732,500
Bank of America Corporatio COMMON 060505104 214,466 7,607,881 SH   SOLE   5,638,831 0 1,969,050
Berkshire Hathaway, Inc. C COMMON 084670702 190,457 1,020,398 SH   SOLE   752,048 0 268,350
BP PLC Sponsored ADR COMMON 055622104 1,884 41,262 SH   SOLE   41,262 0 0
Capital One Financial Corp COMMON 14040H105 197,682 2,151,052 SH   SOLE   1,588,652 0 562,400
CBS Corporation COMMON 124857202 200,849 3,572,553 SH   SOLE   2,638,303 0 934,250
CitiGroup, Inc. COMMON 172967424 245,383 3,666,805 SH   SOLE   2,702,255 0 964,550
Delta Air Lines Inc COMMON 247361702 142,315 2,872,729 SH   SOLE   2,114,829 0 757,900
EQT Corporation COMMON 26884L109 177,755 3,221,362 SH   SOLE   2,367,462 0 853,900
Exelon Corporation COMMON 30161N101 166,639 3,911,713 SH   SOLE   2,872,463 0 1,039,250
First Data Corporation COMMON 32008D106 244,006 11,658,197 SH   SOLE   8,568,047 0 3,090,150
Fluor Corporation COMMON 343412102 139,385 2,857,413 SH   SOLE   2,106,713 0 750,700
Freeport-McMoRan Inc. COMMON 35671D857 146,787 8,504,488 SH   SOLE   6,278,838 0 2,225,650
The Goodyear Tire and Rubber Co COMMON 382550101 135,447 5,815,665 SH   SOLE   4,292,115 0 1,523,550
International Paper Company COMMON 460146103 190,858 3,664,705 SH   SOLE   2,700,805 0 963,900
Marsh & McLennan Companies Inc. COMMON 571748102 131,928 1,609,471 SH   SOLE   1,184,571 0 424,900
Merck & Co. Inc. COMMON 58933Y105 275,989 4,546,777 SH   SOLE   3,351,977 0 1,194,800
MetLife Inc. COMMON 59156R108 158,821 3,642,682 SH   SOLE   2,689,132 0 953,550
Microsoft Corporation COMMON 594918104 156,374 1,585,778 SH   SOLE   1,166,878 0 418,900
Oracle Corporation COMMON 68389X105 127,341 2,890,170 SH   SOLE   2,127,120 0 763,050
Pfizer Inc. COMMON 717081103 201,227 5,546,510 SH   SOLE   4,123,010 0 1,423,500
Sabre Corporation COMMON 78573M104 197,822 8,028,474 SH   SOLE   5,926,774 0 2,101,700
Thermo Fisher Scientific, COMMON 883556102 145,638 703,088 SH   SOLE   515,088 0 188,000
TOTAL S.A. - ADR COMMON 89151E109 176,270 2,910,667 SH   SOLE   2,107,117 0 803,550
Vodafone Group Plc ADR COMMON 92857W308 122,903 5,055,649 SH   SOLE   3,693,399 0 1,362,250
Wal-Mart Stores, Inc. COMMON 931142103 164,703 1,922,976 SH   SOLE   1,416,876 0 506,100
Aon PLC COMMON G0408V102 159,837 1,165,250 SH   SOLE   853,200 0 312,050
Eaton Corporation PLC COMMON G29183103 122,069 1,633,243 SH   SOLE   1,189,893 0 443,350
nVent Electric PLC COMMON G6700G107 117,987 4,700,676 SH   SOLE   3,433,726 0 1,266,950
Pentair plc COMMON G7S00T104 123,828 2,942,681 SH   SOLE   2,148,331 0 794,350
Chubb Ltd COMMON H1467J104 186,057 1,464,783 SH   SOLE   1,070,433 0 394,350
Flex, Ltd. COMMON Y2573F102 150,932 10,696,781 SH   SOLE   7,813,581 0 2,883,200