DATAROMA Portfolio History

Univar Solutions Inc.
11.39% of portfolio

AVT

Avnet Inc.
11.16% of portfolio

O-I Glass Inc.
5.87% of portfolio

HUN

Huntsman Corp.
4.46% of portfolio

2022 Q3

$221 M

Univar Solutions Inc.
13.60% of portfolio

WRK

WestRock Co.
13.28% of portfolio

TKR

Timken Co.
12.88% of portfolio

AVT

Avnet Inc.
12.76% of portfolio

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

O-I Glass Inc.
3.83% of portfolio

2022 Q2

$264 M

WRK

WestRock Co.
15.11% of portfolio

AVT

Avnet Inc.
14.23% of portfolio

Ralph Lauren Corp.
12.60% of portfolio

TKR

Timken Co.
12.29% of portfolio

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

Goodyear Tire & Rubber
4.17% of portfolio

O-I Glass Inc.
3.47% of portfolio

NOMD

Nomad Foods Ltd
0.76% of portfolio

2022 Q1

$310 M

WRK

WestRock Co.
14.55% of portfolio

HUN

Huntsman Corp.
13.46% of portfolio

EMN

Eastman Chemical
11.36% of portfolio

Univar Solutions Inc.
11.17% of portfolio

TKR

Timken Co.
10.06% of portfolio

AVT

Avnet Inc.
9.94% of portfolio

Goodyear Tire & Rubber
8.76% of portfolio

LEA

Lear Corp.
8.37% of portfolio

Ralph Lauren Corp.
8.23% of portfolio

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

Univar Solutions Inc.
14.75% of portfolio

EMN

Eastman Chemical
14.10% of portfolio

WRK

WestRock Co.
13.52% of portfolio

AVT

Avnet Inc.
10.48% of portfolio

Goodyear Tire & Rubber
10.02% of portfolio

LEA

Lear Corp.
8.86% of portfolio

TKR

Timken Co.
7.52% of portfolio

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

Univar Solutions Inc.
16.41% of portfolio

WRK

WestRock Co.
15.75% of portfolio

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

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

WestRock Co.
18.68% of portfolio

HUN

Huntsman Corp.
16.78% of portfolio

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

O-I Glass Inc.
3.36% of portfolio

2021 Q1

$323 M

WRK

WestRock Co.
19.50% of portfolio

GRA

WR Grace & Co.
15.95% of portfolio

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

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

WestRock Co.
14.69% of portfolio

Ralph Lauren Corp.
11.70% of portfolio

Univar Solutions Inc.
11.51% of portfolio

EPC

Edgewell Personal Care Co.
10.72% of portfolio

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

O-I Glass Inc.
21.58% of portfolio

DXC

DXC Technology Co.
16.97% of portfolio

WRK

WestRock Co.
16.65% of portfolio

Univar Solutions Inc.
11.20% of portfolio

GRA

WR Grace & Co.
10.92% of portfolio

EPC

Edgewell Personal Care Co.
10.44% of portfolio

Ralph Lauren Corp.
8.91% of portfolio

EMN

Eastman Chemical
3.33% of portfolio

2020 Q2

$204 M

O-I Glass Inc.
22.61% of portfolio

DXC

DXC Technology Co.
16.29% of portfolio

WRK

WestRock Co.
16.20% of portfolio

AXTA

Axalta Coating Systems Ltd.
13.10% of portfolio

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

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

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

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

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

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

Visteon Corp.
0.46% of portfolio

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

WestRock Co.
0.30% of portfolio

LEA

Lear Corp.
0.29% of portfolio

DAN

Dana Inc.
0.28% of portfolio

2019 Q2

$371 M

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

WestRock Co.
0.37% of portfolio

2019 Q1

$391 M

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

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

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

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

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

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

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

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

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

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

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

NCR Corp.
0.48% of portfolio

WRK

WestRock Co.
0.29% of portfolio

2018 Q1

$727 M

O-I Glass Inc.
23.52% of portfolio

ARRS

ARRIS International plc
17.17% of portfolio

HUN

Huntsman Corp.
13.85% of portfolio

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

International Paper
0.37% of portfolio

NCR

NCR Corp.
0.30% of portfolio

2017 Q4

$763 M

COMM

CommScope Holding Co.
18.94% of portfolio

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

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

NCR Corp.
0.52% of portfolio

2017 Q3

$804 M

O-I Glass Inc.
19.84% of portfolio

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

KapStone Paper and Packaging Corp.
0.51% of portfolio

Babcock & Wilcox Enterprises
0.31% of portfolio

2017 Q2

$973 M

O-I Glass Inc.
20.60% of portfolio

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

Babcock & Wilcox Enterprises
0.47% of portfolio

NOMD

Nomad Foods Ltd
0.45% of portfolio

ADNT

Adient plc
0.34% of portfolio

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

O-I Glass Inc.
20.86% of portfolio

COMM

CommScope Holding Co.
16.44% of portfolio

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

Goodyear Tire & Rubber
1.24% of portfolio

Babcock & Wilcox Enterprises
1.01% of portfolio

CSC

Computer Sciences Corp.
0.99% of portfolio

SCS

Steelcase Inc.
0.90% of portfolio

Ralph Lauren Corp.
0.76% of portfolio

ODP

ODP Corp.
0.60% of portfolio

BDC

Belden Inc.
0.49% of portfolio

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

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

Diebold Inc.
12.93% of portfolio

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

Babcock & Wilcox Enterprises
0.47% of portfolio

2016 Q3

$766 M

O-I Glass Inc.
23.64% of portfolio

HAR

Harman Int'l Industries
17.74% of portfolio

EMN

Eastman Chemical
17.26% of portfolio

Goodyear Tire & Rubber
16.01% of portfolio

TGI

Triumph Group Inc.
11.29% of portfolio

Ingram Micro Inc.
5.47% of portfolio

COMM

CommScope Holding Co.
1.25% of portfolio

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

O-I Glass Inc.
24.16% of portfolio

HAR

Harman Int'l Industries
19.67% of portfolio

Goodyear Tire & Rubber
14.47% of portfolio

TGI

Triumph Group Inc.
13.26% of portfolio

EMN

Eastman Chemical
12.59% of portfolio

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

O-I Glass Inc.
21.18% of portfolio

Ingram Micro Inc.
14.53% of portfolio

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

O-I Glass Inc.
20.96% of portfolio

Goodyear Tire & Rubber
16.93% of portfolio

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

O-I Glass Inc.
21.14% of portfolio

FMC

FMC Corp.
17.24% of portfolio

Goodyear Tire & Rubber
15.77% of portfolio

TGI

Triumph Group Inc.
15.03% of portfolio

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

O-I Glass Inc.
20.21% of portfolio

TGI

Triumph Group Inc.
19.34% of portfolio

FMC

FMC Corp.
19.07% of portfolio

Goodyear Tire & Rubber
15.47% of portfolio

WCC

WESCO International Inc.
10.69% of portfolio

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

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

Goodyear Tire & Rubber
7.74% of portfolio

WCC

WESCO International Inc.
5.24% of portfolio

Ingram Micro Inc.
4.06% of portfolio

TEX

Terex Corp.
1.94% of portfolio

ALK

Alaska Air Group
1.41% of portfolio

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

Cytec Industries
0.97% of portfolio

AXE

Anixter International
0.85% of portfolio

2014 Q4

$1.58 B

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

Goodyear Tire & Rubber
2.01% of portfolio

General Cable Corp.
1.69% of portfolio

AXL

American Axle & Manufacturing Holdings
1.56% of portfolio

TEX

Terex Corp.
1.50% of portfolio

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

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

Goodyear Tire & Rubber
1.86% of portfolio

General Cable Corp.
1.74% of portfolio

AXL

American Axle & Manufacturing Holdings
1.29% of portfolio

NVRI

Enviri Corp.
1.19% of portfolio

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

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

Goodyear Tire & Rubber
1.83% of portfolio

General Cable Corp.
1.58% of portfolio

AXL

American Axle & Manufacturing Holdings
1.42% of portfolio

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

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

Goodyear Tire & Rubber
1.40% of portfolio

Cytec Industries
1.21% of portfolio

NVRI

Enviri Corp.
0.97% of portfolio

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

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

Goodyear Tire & Rubber
1.71% of portfolio

AGCO

AGCO Corp.
1.38% of portfolio

TGI

Triumph Group Inc.
1.21% of portfolio

NCR

NCR Corp.
1.02% of portfolio

Cytec Industries
0.94% of portfolio

TAM

Taminco Corp.
0.87% of portfolio

NWSA

News Corp.
0.85% of portfolio

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

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

Rockwood Holdings
6.83% of portfolio

Goodyear Tire & Rubber
1.75% of portfolio

AGCO

AGCO Corp.
1.73% of portfolio

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

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

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

Curtiss-Wright Corp.
1.51% of portfolio

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

O-I Glass Inc.
21.34% of portfolio

ASH

Ashland Global Holdings Inc.
17.00% of portfolio

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

Goodyear Tire & Rubber
1.38% of portfolio

Curtiss-Wright Corp.
1.00% of portfolio

TW-OLD

Towers Watson & Co.
0.52% of portfolio

2012 Q4

$1.22 B

Rockwood Holdings
19.74% of portfolio

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

Curtiss-Wright Corp.
1.27% of portfolio

CXT

Crane NXT Co.
1.16% of portfolio

2012 Q3

$1.25 B

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

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

Curtiss-Wright Corp.
0.58% of portfolio

2012 Q2

$1.18 B

JOY

Joy Global Inc.
16.06% of portfolio

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

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

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