| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| SPG | SIMON PPTY GROUP INC NEW | 6.64% | 2,062,019 | $331,490,200 | -274,779 | -11.76% | $160.76 | 13F |
| AXP | AMERICAN EXPRESS CO | 5.65% | 884,732 | $282,211,703 | -343,542 | -27.97% | $318.98 | 13F |
| MAC | MACERICH CO | 5.21% | 16,074,002 | $260,077,352 | -2,140,279 | -11.75% | $16.18 | 13F |
| MRK | MERCK & CO INC | 5.18% | 3,267,318 | $258,640,884 | -67,248 | -2.02% | $79.16 | 13F |
| AMGN | AMGEN INC | 5.16% | 922,968 | $257,701,821 | -123,046 | -11.76% | $279.21 | 13F |
| DHI | D R HORTON INC | 5.11% | 1,979,845 | $255,241,556 | -263,821 | -11.76% | $128.92 | 13F |
| LEN | LENNAR CORP | 4.65% | 2,097,906 | $232,049,405 | -279,577 | -11.76% | $110.61 | 13F |
| EBAY | EBAY INC. | 4.37% | 2,932,396 | $218,346,227 | -390,937 | -11.76% | $74.46 | 13F |
| NVR | NVR INC | 4.21% | 28,486 | $210,388,886 | -3,797 | -11.76% | $7385.69 | 13F |
| APA | APA CORPORATION | 4.01% | 10,941,229 | $200,115,074 | -1,463,592 | -11.8% | $18.29 | 13F |
| JPM | JPMORGAN CHASE & CO. | 3.76% | 648,003 | $187,862,487 | -339,152 | -34.36% | $289.91 | 13F |
| BAC | BANK AMERICA CORP | 3.46% | 3,648,771 | $172,659,838 | -2,011,673 | -35.54% | $47.32 | 13F |
| OXY | OCCIDENTAL PETE CORP | 3.42% | 4,071,705 | $171,052,347 | -1,866,260 | -31.43% | $42.01 | 13F |
| COP | CONOCOPHILLIPS | 3.39% | 1,887,445 | $169,379,308 | -251,932 | -11.78% | $89.74 | 13F |
| OVV | OVINTIV INC | 3.32% | 4,355,580 | $165,729,825 | -1,694,018 | -28% | $38.05 | 13F |
| HD | HOME DEPOT INC | 2.98% | 406,273 | $148,955,808 | -54,052 | -11.74% | $366.64 | 13F |
| ULTA | ULTA BEAUTY INC | 1.55% | 165,158 | $77,264,345 | -22,009 | -11.76% | $467.82 | 13F |
| DVN | DEVON ENERGY CORP NEW | 1.53% | 2,400,686 | $76,365,835 | -3,305,636 | -57.93% | $31.81 | 13F |
| MTB | M & T BK CORP | 1.51% | 388,621 | $75,388,562 | -51,757 | -11.75% | $193.99 | 13F |
| FITB | FIFTH THIRD BANCORP | 1.44% | 1,750,355 | $71,992,099 | -233,184 | -11.76% | $41.13 | 13F |
| FRO | FRONTLINE PLC | 0.2% | 590,266 | $9,753,969 | -94,804 | -13.84% | $16.52 | 13F |
| WFG | WEST FRASER TIMBER CO LTD | 0.18% | 120,378 | $8,833,735 | -571 | -0.47% | $73.38 | 13F |
| OXYWS | OCCIDENTAL PETE CORP | 0.06% | 153,969 | $3,188,698 | -730 | -0.47% | $20.71 | 13F |
| IWD | ISHARES TR | 0.01% | 3,496 | $679,093 | -2,944 | -45.71% | $194.25 | 13F |