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
Estimated average burden
hours per response: 23.8
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
AMC ENTMT HLDGS INC CL A COM 00165C104 279 8,300 PRN   OTR 0 0 0 0
AT&T INC COM 00206R102 445 10,469 PRN   OTR 0 0 0 0
ACTIVISION BLIZZARD INC COM 00507v109 5,595 154,947 PRN   OTR 0 0 0 0
Acuity Brands Inc COM 00508y102 207 900 PRN   OTR 0 0 0 0
ALCOA CORP COM 013872106 1,010 35,996 PRN   OTR 0 0 0 0
Allegheny Technologies Inc. COM 01741R102 227 14,285 PRN   OTR 0 0 0 0
ALLIED MOTION TECHNOLOGIES I COM 019330109 342 16,000 PRN   OTR 0 0 0 0
Allstate Corp COM 020002101 9,656 130,276 PRN   OTR 0 0 0 0
ALLY FINL INC COM 02005n100 5,294 278,347 PRN   OTR 0 0 0 0
ALPHABET INC CAP STK CL C 02079K107 7,201 9,330 PRN   OTR 0 0 0 0
Amazon Com Inc COM 023135106 10,836 14,451 PRN   OTR 0 0 0 0
Ameren Corp COM 023608102 275 5,254 PRN   OTR 0 0 0 0
American Intl Group Inc COM NEW 026874784 346 5,300 PRN   OTR 0 0 0 0
AMERICAN TOWER CORP NEW COM 03027x100 4,574 43,286 PRN   OTR 0 0 0 0
ANALOG DEVICES INC COM 032654105 3,241 44,642 PRN   OTR 0 0 0 0
Apache Corp COM 037411105 1,156 18,224 PRN   OTR 0 0 0 0
APOGEE ENTERPRISES INC COM 037598109 883 16,500 PRN   OTR 0 0 0 0
APPLE INC COM 037833100 13,510 116,654 PRN   OTR 0 0 0 0
ARCONIC INC COM 03965l100 1,965 105,993 PRN   OTR 0 0 0 0
BMC STK HLDGS INC COM 05591b109 741 38,000 PRN   OTR 0 0 0 0
Berkshire Hathaway Inc Del CL A 084670108 976 4 PRN   OTR 0 0 0 0
Berkshire Hathaway Inc Del CL B NEW 084670702 5,135 31,509 PRN   OTR 0 0 0 0
BLUEBIRD BIO INC COM 09609G100 215 3,500 PRN   OTR 0 0 0 0
BOINGO WIRELESS INC COM 09739c102 341 28,000 PRN   OTR 0 0 0 0
CUI GLOBAL INC COM NEW 126576206 1,021 147,400 PRN   OTR 0 0 0 0
Carrols Restaurant Group Inc COM 14574x104 610 40,000 PRN   OTR 0 0 0 0
Chevron Corp New COM 166764100 413 3,516 PRN   OTR 0 0 0 0
CIENA CORP COM NEW 171779309 630 25,850 PRN   OTR 0 0 0 0
CLOROX CO DEL COM 189054109 207 1,725 PRN   OTR 0 0 0 0
COHERUS BIOSCIENCES INC COM 19249h103 422 15,000 PRN   OTR 0 0 0 0
COMCAST CORP NEW CL A 20030N101 10,684 154,738 PRN   OTR 0 0 0 0
COOPER COS INC COM NEW 216648402 2,151 12,299 PRN   OTR 0 0 0 0
COVENANT TRANSN GROUP INC CL A 22284P105 464 24,000 PRN   OTR 0 0 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 7,273 147,868 PRN   OTR 0 0 0 0
Descartes Sys Group Inc COM 249906108 363 17,000 PRN   OTR 0 0 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,726 37,803 PRN   OTR 0 0 0 0
Diageo PLC SPON ADR NEW 25243Q205 5,023 48,328 PRN   OTR 0 0 0 0
DINEEQUITY INC COM 254423106 550 7,150 PRN   OTR 0 0 0 0
Du Pont E I De Nemours & Co COM 263534109 293 4,002 PRN   OTR 0 0 0 0
DULUTH HLDGS INC COM CL B 26443v101 279 11,000 PRN   OTR 0 0 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224p200 484 30,000 PRN   OTR 0 0 0 0
Exxon Mobil Corp COM 30231G102 2,336 25,889 PRN   OTR 0 0 0 0
FMC Corp COM NEW 302491303 8,473 149,822 PRN   OTR 0 0 0 0
FIREEYE INC COM 31816Q101 238 20,000 PRN   OTR 0 0 0 0
Flowserve Corp COM 34354P105 4,317 89,861 PRN   OTR 0 0 0 0
Franklin Resources Inc COM 354613101 439 11,110 PRN   OTR 0 0 0 0
Gabelli Divd & Income Tr COM 36242H104 258 12,900 PRN   OTR 0 0 0 0
General Electric Co COM 369604103 5,935 187,839 PRN   OTR 0 0 0 0
GENERAL MTRS CO COM 37045V100 6,295 180,703 PRN   OTR 0 0 0 0
GENESEE & WYO INC CL A 371559105 639 9,218 PRN   OTR 0 0 0 0
GILEAD SCIENCES INC COM 375558103 4,323 60,378 PRN   OTR 0 0 0 0
HD SUPPLY HLDGS INC COM 40416m105 7,601 178,812 PRN   OTR 0 0 0 0
Honeywell Intl Inc COM 438516106 6,252 53,972 PRN   OTR 0 0 0 0
International Business Machs COM 459200101 309 1,863 PRN   OTR 0 0 0 0
Intl Paper Co COM 460146103 4,110 77,468 PRN   OTR 0 0 0 0
JPMORGAN CHASE & CO COM 46625h100 345 4,000 PRN   OTR 0 0 0 0
Johnson & Johnson COM 478160104 9,994 86,753 PRN   OTR 0 0 0 0
Kansas City Southern COM NEW 485170302 5,999 70,707 PRN   OTR 0 0 0 0
KINDER MORGAN INC DEL COM 49456B101 2,791 134,769 PRN   OTR 0 0 0 0
KROGER CO COM 501044101 2,170 62,889 PRN   OTR 0 0 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 835 31,400 PRN   OTR 0 0 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 648 15,800 PRN   OTR 0 0 0 0
Lowe's Companies COM 548661107 7,521 105,758 PRN   OTR 0 0 0 0
LYON WILLIAM HOMES CL A NEW 552074700 380 20,000 PRN   OTR 0 0 0 0
MGM RESORTS INTERNATIONAL COM 552953101 7,870 272,980 PRN   OTR 0 0 0 0
MGP INGREDIENTS INC NEW COM 55303j106 799 16,000 PRN   OTR 0 0 0 0
MSG NETWORK INC CL A 553573106 344 16,000 PRN   OTR 0 0 0 0
Magellan Midstream Prtnrs LP COM UNIT RP LP 559080106 707 9,358 PRN   OTR 0 0 0 0
Marsh & McLennan Cos COM 571748102 4,323 63,965 PRN   OTR 0 0 0 0
MAXLINEAR INC CL A 57776j100 887 40,700 PRN   OTR 0 0 0 0
McDonald's Corp. COM 580135101 473 3,890 PRN   OTR 0 0 0 0
Merck & Co Inc New COM 58933y105 234 3,977 PRN   OTR 0 0 0 0
MICROSOFT CORP COM 594918104 11,893 191,394 PRN   OTR 0 0 0 0
MICRON TECHNOLOGY INC COM 595112103 5,840 266,445 PRN   OTR 0 0 0 0
MONDELEZ INTL INC CL A 609207105 5,183 116,922 PRN   OTR 0 0 0 0
MORGAN STANLEY COM NEW 617446448 8,660 204,992 PRN   OTR 0 0 0 0
National Amern Univ Hldgs Inc COM 63245q105 29 15,000 PRN   OTR 0 0 0 0
NATIONAL FUEL GAS CO N J COM 636180101 2,497 44,088 PRN   OTR 0 0 0 0
NEWELL BRANDS INC COM 651229106 6,975 156,232 PRN   OTR 0 0 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 352 47,000 PRN   OTR 0 0 0 0
NOBLE ENERGY INC COM 655044105 7,656 201,158 PRN   OTR 0 0 0 0
Norfolk Southern Corp COM 655844108 1,990 18,421 PRN   OTR 0 0 0 0
NOVADAQ TECHNOLOGIES INC COM 66987g102 205 29,000 PRN   OTR 0 0 0 0
ORBCOMM INC COM 68555p100 223 27,000 PRN   OTR 0 0 0 0
OUTFRONT MEDIA INC COM 69007J106 734 29,539 PRN   OTR 0 0 0 0
Packaging Corp Amer COM 695156109 213 2,520 PRN   OTR 0 0 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 223 14,500 PRN   OTR 0 0 0 0
Pepsico Inc COM 713448108 592 5,659 PRN   OTR 0 0 0 0
Pfizer Inc COM 717081103 3,313 102,002 PRN   OTR 0 0 0 0
Philip Morris Intl Inc COM 718172109 552 6,039 PRN   OTR 0 0 0 0
Potash Corp Sask Inc COM 73755L107 237 13,104 PRN   OTR 0 0 0 0
Power Integrations Inc COM 739276103 583 8,600 PRN   OTR 0 0 0 0
Price T Rowe Group Inc COM 74144T108 29,832 396,399 PRN   OTR 0 0 0 0
Procter & Gamble COM 742718109 518 6,170 PRN   OTR 0 0 0 0
PROOFPOINT INC COM 743424103 565 8,000 PRN   OTR 0 0 0 0
Prudential Financial Inc. COM 744320102 10,688 102,716 PRN   OTR 0 0 0 0
REAL IND INC COM 75601w104 256 42,000 PRN   OTR 0 0 0 0
SPIRIT AIRLS INC COM 848577102 740 12,800 PRN   OTR 0 0 0 0
Sprott Physical Gold Trust UNIT 85207h104 383 40,800 PRN   OTR 0 0 0 0
STAPLES INC COM 855030102 5,337 589,782 PRN   OTR 0 0 0 0
Starwood Ppty Tr Inc COM 85571b105 896 40,850 PRN   OTR 0 0 0 0
SWIFT TRANSN CO CL A 87074u101 389 16,000 PRN   OTR 0 0 0 0
SYNCHRONY FINL COM 87165b103 7,575 208,876 PRN   OTR 0 0 0 0
Telephone & Data Sys Inc COM NEW 879433829 5,601 194,033 PRN   OTR 0 0 0 0
TIME WARNER INC COM NEW 887317303 5,745 59,524 PRN   OTR 0 0 0 0
Tortoise Energy Infrstrctr Corp COM 89147l100 266 8,685 PRN   OTR 0 0 0 0
TOTAL S A SPONSORED ADR 89151E109 2,778 54,504 PRN   OTR 0 0 0 0
U S SILICA HLDGS INC COM 90346e103 453 8,000 PRN   OTR 0 0 0 0
Unilever N V NY SHS NEW 904784709 3,926 95,624 PRN   OTR 0 0 0 0
UNION PAC CORP COM 907818108 274 2,648 PRN   OTR 0 0 0 0
United Technologies COM 913017109 4,968 45,322 PRN   OTR 0 0 0 0
UnitedHealth Group Inc COM 91324P102 2,773 17,331 PRN   OTR 0 0 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 4,050 38,072 PRN   OTR 0 0 0 0
Vanguard Bd Index Fd Inc SHORT TRM BOND 921937827 282 3,560 PRN   OTR 0 0 0 0
Varian Medical Systems, Inc. COM 92220P105 211 2,360 PRN   OTR 0 0 0 0
VISA INC COM CL A 92826c839 3,779 48,441 PRN   OTR 0 0 0 0
WAGEWORKS INC COM 930427109 638 8,800 PRN   OTR 0 0 0 0
WASTE MGMT INC DEL COM 94106L109 228 3,225 PRN   OTR 0 0 0 0
WESTERN DIGITAL CORP COM 958102105 6,477 95,325 PRN   OTR 0 0 0 0
Weyerhaeuser Co COM 962166104 14,926 496,078 PRN   OTR 0 0 0 0
WHIRLPOOL CORP COM 963320106 8,033 44,198 PRN   OTR 0 0 0 0
Williams Cos Inc. COM 969457100 4,437 142,502 PRN   OTR 0 0 0 0
XPO LOGISTICS INC COM 983793100 2,833 65,645 PRN   OTR 0 0 0 0
ALLEGION PUB LTD CO ORD SHS g0176j109 1,825 28,525 PRN   OTR 0 0 0 0
AXALTA COATING SYS LTD COM G0750C108 3,811 140,147 PRN   OTR 0 0 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 6,841 101,583 PRN   OTR 0 0 0 0
Invesco Ltd SHS G491BT108 6,709 221,136 PRN   OTR 0 0 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 6,667 224,509 PRN   OTR 0 0 0 0
MEDTRONIC PLC SHS G5960L103 2,162 30,361 PRN   OTR 0 0 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 395 17,250 PRN   OTR 0 0 0 0
LYONDELLBASELL INDUSTRIES N SHS -A- N53745100 5,164 60,204 PRN   OTR 0 0 0 0
NXP SEMICONDUCTORS N V COM N6596X109 2,854 29,125 PRN   OTR 0 0 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 232 25,000 PRN   OTR 0 0 0 0