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
3M CO COM 88579y101 9,123 43,822 SH   SOLE 21,957 0 21,865
AES CORP COM 00130h105 2,000 180,000 SH   SOLE 180,000 0 0
AFLAC INC COM 001055102 307 3,954 SH   SOLE 3,954 0 0
AGNC INVT CORP COM 00123Q104 639 30,000 SH   SOLE 30,000 0 0
ALCENTRA CAP CORP COM 01374t102 833 61,300 SH   SOLE 61,300 0 0
ALTRIA GROUP INC COM 02209s103 617 8,284 SH   SOLE 8,284 0 0
AMC NETWORKS INC CL A 00164V103 775 14,510 SH   SOLE 14,510 0 0
AMERICAN EXPRESS CO COM 025816109 11,684 138,700 SH   SOLE 81,290 0 57,410
AMERICAN INTL GROUP INC COM NEW 026874784 5,535 88,536 SH   SOLE 71,021 0 17,515
ANNALY CAP MGMT INC COM 035710409 5,785 480,079 SH   SOLE 380,549 0 99,530
ANTHEM INC COM 036752103 5,811 30,889 SH   SOLE 24,694 0 6,195
APPLE INC COM 037833100 7,504 52,102 SH   SOLE 14,255 0 37,847
ARES CAP CORP COM 04010l103 1,498 91,475 SH   SOLE 91,475 0 0
ARES COML REAL ESTATE CORP COM 04013v108 3,112 237,755 SH   SOLE 237,755 0 0
ARRIS INTL INC SHS g0551a103 637 22,735 SH   SOLE 22,735 0 0
AT&T INC COM 00206r102 9,147 242,422 SH   SOLE 138,377 0 104,045
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 1,044 70,070 SH   SOLE 70,070 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 3,525 34,400 SH   SOLE 3,200 0 31,200
AVNET INC COM 053807103 3,888 100,000 SH   SOLE 100,000 0 0
B RILEY FINL INC COM 05580M108 187 10,080 SH   SOLE 10,080 0 0
BANK AMER CORP COM 060505104 7,721 318,269 SH   SOLE 318,269 0 0
BECTON DICKINSON & CO COM 075887109 9,712 49,775 SH   SOLE 23,968 0 25,807
BGC PARTNERS INC CL A 05541t101 1,060 83,880 SH   SOLE 83,880 0 0
BLACKROCK INC COM 09247x101 9,235 21,863 SH   SOLE 12,437 0 9,426
BP PLC SPONSORED ADR 055622104 679 19,600 SH   SOLE 19,600 0 0
BROWN & BROWN INC COM 115236101 2,323 53,935 SH   SOLE 53,935 0 0
CAI INTERNATIONAL INC COM 12477x106 1,845 78,170 SH   SOLE 78,170 0 0
CALLON PETE CO DEL COM 13123X102 1,774 167,200 SH   SOLE 128,700 0 38,500
CARDTRONICS PLC SHS CL A g1991c105 518 15,770 SH   SOLE 15,770 0 0
CASELLA WASTE SYS INC CL A 147448104 1,338 81,565 SH   SOLE 81,565 0 0
CATERPILLAR INC DEL COM 149123101 658 6,125 SH   SOLE 425 0 5,700
CATHAY GEN BANCORP COM 149150104 726 19,135 SH   SOLE 19,135 0 0
CF INDS HLDGS INC COM 125269100 6,008 214,873 SH   SOLE 121,933 0 92,940
CHEVRON CORP NEW COM 166764100 7,904 75,757 SH   SOLE 42,056 0 33,701
CHICAGO BRIDGE & IRON CO N V COM 167250109 3,551 180,000 SH   SOLE 180,000 0 0
CHIMERA INVT CORP COM NEW 16934q208 1,487 79,800 SH   SOLE 79,800 0 0
CHINA GREEN AGRICULTURE INC COM 16943w105 77 60,000 SH   SOLE 60,000 0 0
CHUBB LIMITED COM H1467J104 4,691 32,264 SH   SOLE 25,929 0 6,335
CISCO SYS INC COM 17275r102 8,105 258,947 SH   SOLE 129,482 0 129,465
CITIGROUP INC COM NEW 172967424 6,019 90,000 SH   SOLE 90,000 0 0
CITRIX SYS INC COM 177376100 3,442 43,257 SH   SOLE 34,404 0 8,853
CME GROUP INC COM 12572q105 6,304 50,339 SH   SOLE 39,814 0 10,525
COCA COLA CO COM 191216100 5,212 116,209 SH   SOLE 35,873 0 80,336
COLONY NORTHSTAR INC CL A COM 19625w104 1,844 130,872 SH   SOLE 130,872 0 0
COMCAST CORP NEW CL A 20030n101 6,502 167,068 SH   SOLE 23,898 0 143,170
CONNECTONE BANCORP INC NEW COM 20786w107 212 9,415 SH   SOLE 9,415 0 0
COOPER TIRE & RUBR CO COM 216831107 610 16,895 SH   SOLE 16,895 0 0
COVANTA HLDG CORP COM 22282e102 2,688 203,630 SH   SOLE 203,630 0 0
CRACKER BARREL OLD CTRY STOR COM 22410j106 1,416 8,468 SH   SOLE 8,468 0 0
CUSTOMERS BANCORP INC COM 23204G100 408 14,415 SH   SOLE 14,415 0 0
CVS HEALTH CORP COM 126650100 8,906 110,684 SH   SOLE 66,984 0 43,700
DISNEY WALT CO COM DISNEY 254687106 4,651 43,778 SH   SOLE 18,378 0 25,400
DIXIE GROUP INC CL A 255519100 538 120,600 SH   SOLE 120,600 0 0
DOW CHEM CO COM 260543103 7,874 124,852 SH   SOLE 56,247 0 68,605
DUKE ENERGY CORP NEW COM NEW 26441C204 3,758 44,954 SH   SOLE 29,521 0 15,433
EMERSON ELEC CO COM 291011104 696 11,670 SH   SOLE 11,670 0 0
EXPRESS SCRIPTS HLDG CO COM 30219g108 5,876 92,041 SH   SOLE 75,321 0 16,720
EXXON MOBIL CORP COM 30231g102 12,406 153,669 SH   SOLE 90,743 0 62,926
FEDERATED INVS INC PA CL B 314211103 3,961 140,210 SH   SOLE 94,710 0 45,500
FEDEX CORP COM 31428x106 239 1,100 SH   SOLE 1,100 0 0
FERRO CORP COM 315405100 3,592 196,370 SH   SOLE 196,370 0 0
FIDUS INVT CORP COM 316500107 2,689 159,865 SH   SOLE 159,865 0 0
FIFTH THIRD BANCORP COM 316773100 3,115 120,000 SH   SOLE 120,000 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 741 32,100 SH   SOLE 32,100 0 0
FIRST INTERNET BANCORP COM 320557101 420 14,990 SH   SOLE 14,990 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 12 10,185 SH   SOLE 10,185 0 0
GAIN CAP HLDGS INC COM 36268w100 176 28,240 SH   SOLE 28,240 0 0
GAMESTOP CORP NEW CL A 36467w109 7,555 349,600 SH   SOLE 182,630 0 166,970
GENERAL ELECTRIC CO COM 369604103 11,260 416,870 SH   SOLE 235,062 0 181,808
GENTEX CORP COM 371901109 2,785 146,796 SH   SOLE 119,956 0 26,840
GENUINE PARTS CO COM 372460105 694 7,477 SH   SOLE 7,477 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733w105 737 17,095 SH   SOLE 17,095 0 0
GLOBAL BRASS & COPPR HLDGS I COM 37953g103 631 20,655 SH   SOLE 20,655 0 0
GREEN BANCORP INC COM 39260x100 586 30,195 SH   SOLE 30,195 0 0
HALLIBURTON CO COM 406216101 317 7,422 SH   SOLE 6,917 0 505
HANESBRANDS INC COM 410345102 4,881 210,750 SH   SOLE 163,450 0 47,300
HANOVER INS GROUP INC COM 410867105 218 2,455 SH   SOLE 2,455 0 0
HEARTLAND FINL USA INC COM 42234q102 540 11,455 SH   SOLE 11,455 0 0
HERCULES CAPITAL INC COM 427096508 681 51,400 SH   SOLE 51,400 0 0
HOLLYFRONTIER CORP COM 436106108 3,958 144,100 SH   SOLE 114,695 0 29,405
HOME DEPOT INC COM 437076102 5,002 32,608 SH   SOLE 15,107 0 17,501
IBERIABANK CORP COM 450828108 762 9,355 SH   SOLE 9,355 0 0
INNERWORKINGS INC COM 45773y105 598 51,565 SH   SOLE 51,565 0 0
INTEGER HLDGS CORP COM 45826H109 3,677 85,010 SH   SOLE 85,010 0 0
INTEL CORP COM 458140100 8,711 258,180 SH   SOLE 126,340 0 131,840
INTERNATIONAL BUSINESS MACHS COM 459200101 7,648 49,720 SH   SOLE 25,483 0 24,237
IXYS CORP COM 46600w106 431 26,230 SH   SOLE 26,230 0 0
JABIL INC COM 466313103 5,899 202,105 SH   SOLE 202,105 0 0
JOHNSON & JOHNSON COM 478160104 14,885 112,519 SH   SOLE 68,684 0 43,835
JPMORGAN CHASE & CO COM 46625h100 14,151 154,820 SH   SOLE 134,511 0 20,309
KAPSTONE PAPER & PACKAGING C COM 48562p103 305 14,775 SH   SOLE 14,775 0 0
KFORCE INC COM 493732101 623 31,805 SH   SOLE 31,805 0 0
KIMBERLY CLARK CORP COM 494368103 717 5,552 SH   SOLE 5,552 0 0
LA Z BOY INC COM 505336107 671 20,650 SH   SOLE 20,650 0 0
LADDER CAP CORP CL A 505743104 2,266 168,990 SH   SOLE 168,990 0 0
LANDEC CORP COM 514766104 596 40,110 SH   SOLE 40,110 0 0
LINCOLN NATL CORP IND COM 534187109 8,110 120,000 SH   SOLE 120,000 0 0
LOCKHEED MARTIN CORP COM 539830109 3,413 12,294 SH   SOLE 9,874 0 2,420
M & T BK CORP COM 55261f104 1,830 11,300 SH   SOLE 0 0 11,300
MARCHEX INC CL B 56624r108 182 61,070 SH   SOLE 61,070 0 0
MCDONALDS CORP COM 580135101 1,200 7,835 SH   SOLE 7,835 0 0
MEDTRONIC PLC SHS g5960l103 341 3,845 SH   SOLE 3,845 0 0
MERCK & CO INC COM 58933y105 795 12,402 SH   SOLE 12,402 0 0
META FINL GROUP INC COM 59100U108 422 4,740 SH   SOLE 4,740 0 0
METHODE ELECTRS INC COM 591520200 448 10,870 SH   SOLE 10,870 0 0
MICROSOFT CORP COM 594918104 12,051 174,832 SH   SOLE 83,247 0 91,585
MODINE MFG CO COM 607828100 297 17,955 SH   SOLE 17,955 0 0
MRC GLOBAL INC COM 55345k103 795 48,125 SH   SOLE 48,125 0 0
NATIONAL GRID PLC SPONSORED ADR NE 636274409 652 10,374 SH   SOLE 10,374 0 0
NATIONAL OILWELL VARCO INC COM 637071101 2,507 76,100 SH   SOLE 59,950 0 16,150
NEW MEDIA INVT GROUP INC COM 64704v106 741 55,000 SH   SOLE 55,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 5,696 46,800 SH   SOLE 0 0 46,800
NOVARTIS A G SPONSORED ADR 66987v109 7,796 93,395 SH   SOLE 48,885 0 44,510
NUCOR CORP COM 670346105 345 5,955 SH   SOLE 5,955 0 0
OFS CAP CORP COM 67103b100 1,317 92,050 SH   SOLE 92,050 0 0
OLD NATL BANCORP IND COM 680033107 272 15,785 SH   SOLE 15,785 0 0
ON SEMICONDUCTOR CORP COM 682189105 4,729 336,800 SH   SOLE 336,800 0 0
ORACLE CORP COM 68389x105 1,232 24,578 SH   SOLE 22,783 0 1,795
OWENS ILL INC COM NEW 690768403 5,741 240,000 SH   SOLE 240,000 0 0
PACIFIC PREMIER BANCORP COM 69478x105 215 5,825 SH   SOLE 5,825 0 0
PARK OHIO HLDGS CORP COM 700666100 3,239 85,000 SH   SOLE 85,000 0 0
PAYCHEX INC COM 704326107 447 7,857 SH   SOLE 7,767 0 90
PEOPLES BANCORP INC COM 709789101 609 18,945 SH   SOLE 18,945 0 0
PEPSICO INC COM 713448108 5,161 44,690 SH   SOLE 37,725 0 6,965
PFIZER INC COM 717081103 10,591 315,314 SH   SOLE 171,437 0 143,877
PHILIP MORRIS INTL INC COM 718172109 1,653 14,072 SH   SOLE 13,657 0 415
PITNEY BOWES INC COM 724479100 1,437 95,160 SH   SOLE 95,160 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,730 29,870 SH   SOLE 24,025 0 5,845
PPL CORP COM 69351t106 5,777 149,443 SH   SOLE 124,068 0 25,375
PRAXAIR INC COM 74005p104 917 6,918 SH   SOLE 6,828 0 90
PROCTER AND GAMBLE CO COM 742718109 8,442 96,864 SH   SOLE 48,114 0 48,750
RADNET INC COM 750491102 346 44,685 SH   SOLE 44,685 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 4,497 56,056 SH   SOLE 47,656 0 8,400
REPUBLIC SVCS INC COM 760759100 1,053 16,517 SH   SOLE 15,962 0 555
RPM INTL INC COM 749685103 1,845 33,819 SH   SOLE 33,819 0 0
SCHLUMBERGER LTD COM 806857108 236 3,580 SH   SOLE 3,580 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 420 10,000 SH   SOLE 10,000 0 0
SERVICE CORP INTL COM 817565104 306 9,159 SH   SOLE 9,159 0 0
SONOCO PRODS CO COM 835495102 669 13,010 SH   SOLE 13,010 0 0
SOUTHERN CO COM 842587107 7,981 166,689 SH   SOLE 83,474 0 83,215
STERICYCLE INC COM 858912108 5,319 69,695 SH   SOLE 55,750 0 13,945
STIFEL FINL CORP COM 860630102 4,365 94,925 SH   SOLE 94,925 0 0
SUNTRUST BKS INC COM 867914103 1,761 31,040 SH   SOLE 1,040 0 30,000
SYNAPTICS INC COM 87157d109 270 5,225 SH   SOLE 5,225 0 0
TARGET CORP COM 87612e106 5,144 98,370 SH   SOLE 79,880 0 18,490
TCP CAP CORP COM 87238q103 1,004 59,400 SH   SOLE 59,400 0 0
TENNECO INC COM 880349105 4,626 80,000 SH   SOLE 80,000 0 0
THL CR INC COM 872438106 3,612 363,059 SH   SOLE 363,059 0 0
TOWER INTL INC COM 891826109 3,271 145,705 SH   SOLE 145,705 0 0
TOWNSQUARE MEDIA INC CL A 892231101 412 40,275 SH   SOLE 40,275 0 0
TRIANGLE CAP CORP COM 895848109 2,309 131,025 SH   SOLE 131,025 0 0
TRICO BANCSHARES COM 896095106 242 6,875 SH   SOLE 6,875 0 0
TRIPLEPOINT VENTURE GROWTH B COM 89677y100 671 50,400 SH   SOLE 50,400 0 0
UMH PPTYS INC COM 903002103 376 22,074 SH   SOLE 22,074 0 0
UNIFI INC COM NEW 904677200 318 10,330 SH   SOLE 10,330 0 0
UNITED PARCEL SERVICE INC CL B 911312106 545 4,930 SH   SOLE 4,930 0 0
UNITED TECHNOLOGIES CORP COM 913017109 251 2,059 SH   SOLE 2,059 0 0
US BANCORP DEL COM NEW 902973304 9,833 189,380 SH   SOLE 105,180 0 84,200
V F CORP COM 918204108 539 9,352 SH   SOLE 8,526 0 826
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 349 8,555 SH   SOLE 7,915 0 640
VERIFONE SYS INC COM 92342y109 1,988 109,815 SH   SOLE 109,815 0 0
WAL-MART STORES INC COM 931142103 9,727 128,528 SH   SOLE 75,878 0 52,650
WASTE MGMT INC DEL COM 94106l109 772 10,520 SH   SOLE 10,520 0 0
WELLS FARGO CO NEW COM 949746101 6,827 123,206 SH   SOLE 105,806 0 17,400
WELLTOWER INC COM 95040q104 4,719 63,042 SH   SOLE 49,967 0 13,075
WESTERN DIGITAL CORP COM 958102105 10,715 120,942 SH   SOLE 75,242 0 45,700
WESTROCK CO COM 96145d105 7,950 140,310 SH   SOLE 140,310 0 0
WHITEHORSE FIN INC COM 96524v106 228 17,025 SH   SOLE 17,025 0 0
WILLIS TOWERS WATSON PUB LTD SHS g96629103 725 4,985 SH   SOLE 4,985 0 0
WINTRUST FINL CORP COM 97650w108 443 5,800 SH   SOLE 5,800 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416j118 1,082 150,490 SH   SOLE 150,490 0 0
YUM BRANDS INC COM 988498101 250 3,394 SH   SOLE 3,394 0 0