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
AK Stl Hldg Corp COM 001547108 609 84,685 SH   SOLE   24,529 0 60,156
AMN Healthcare Services Inc COM 001744101 843 20,759 SH   SOLE   5,905 0 14,854
AT&T Inc. (New) COM 00206r102 5,824 140,173 SH   SOLE   110,036 0 30,137
AVX Corp New COM 002444107 691 42,184 SH   SOLE   12,966 0 29,218
Aaron Inc A COM 002535300 774 26,042 SH   SOLE   7,568 0 18,474
Acco Brands Corp COM 00081T108 827 62,875 SH   SOLE   18,175 0 44,700
Addus Homecare Corp COM 006739106 576 18,004 SH   SOLE   5,146 0 12,858
Advanced Energy Inds COM 007973100 999 14,572 SH   SOLE   4,154 0 10,418
Aetna Inc New COM 00817Y108 3,450 27,051 SH   SOLE   23,724 0 3,327
Alaska Air Group Inc COM 011659109 5,517 59,826 SH   SOLE   47,098 0 12,728
Alexander's Inc. COM 014752109 447 1,036 SH   SOLE   291 0 745
Alpha & Omega Semiconduct COM G6331P104 512 29,784 SH   SOLE   8,550 0 21,234
Alphabet Inc. Class A COM 02079K305 6,383 7,529 SH   SOLE   5,532 0 1,997
Alphabet Inc. Class C COM 02079K107 1,781 2,147 SH   SOLE   1,859 0 288
Amazon Inc COM 023135106 3,660 4,128 SH   SOLE   3,103 0 1,025
Amdocs Limited Ord COM G02602103 2,624 43,018 SH   SOLE   37,403 0 5,615
American Assets Trust Inc COM 024013104 410 9,810 SH   SOLE   2,809 0 7,001
American Elec Pwr Inc COM 025537101 1,090 16,230 SH   SOLE   14,096 0 2,134
American Intl Group COM 026874784 1,349 21,603 SH   SOLE   18,611 0 2,992
American Outdoor Brands Corpor COM 02874P103 531 26,828 SH   SOLE   3,661 0 23,167
Amgen Inc. COM 031162100 3,531 21,521 SH   SOLE   17,081 0 4,440
Angiodynamics Inc COM 03475V101 653 37,653 SH   SOLE   10,838 0 26,815
Anthem Inc COM 036752103 3,305 19,985 SH   SOLE   17,509 0 2,476
Apple Computer COM 037833100 19,031 132,474 SH   SOLE   102,198 0 30,276
Applied Materials Inc COM 038222105 4,878 125,386 SH   SOLE   83,813 0 41,573
Archer Daniels Midland Co COM 039483102 1,525 33,119 SH   SOLE   28,099 0 5,020
Argan Inc COM 04010E109 719 10,869 SH   SOLE   3,091 0 7,778
Arrow Electrics Inc COM 042735100 3,831 52,182 SH   SOLE   35,087 0 17,095
Assurant Inc COM 04621X108 2,732 28,552 SH   SOLE   24,905 0 3,647
Assured Guaranty Ltd COM G0585R106 2,268 61,111 SH   SOLE   40,873 0 20,238
Avalonbay Comm COM 053484101 1,025 5,585 SH   SOLE   3,754 0 1,831
Avery Dennison Corp COM 053611109 4,121 51,131 SH   SOLE   34,814 0 16,317
Banc Of California Inc COM 05990K106 971 46,932 SH   SOLE   15,138 0 31,794
Bank Of America Corp COM 060505104 5,282 223,904 SH   SOLE   162,111 0 61,793
Bank Of New York Mellon COM 064058100 2,542 53,832 SH   SOLE   38,091 0 15,741
Barnes & Noble Inc COM 067774109 641 69,314 SH   SOLE   20,995 0 48,319
Berkshire Hathaway Inc Cl B COM 084670702 3,986 23,916 SH   SOLE   18,444 0 5,472
Berkshire Hills Bancorp COM 084680107 696 19,309 SH   SOLE   5,563 0 13,746
Best Buy Inc COM 086516101 4,519 91,939 SH   SOLE   62,902 0 29,037
Big 5 Sporting Goods Corp COM 08915P101 389 25,772 SH   SOLE   7,686 0 18,086
Big Lots Inc COM 089302103 783 16,094 SH   SOLE   4,685 0 11,409
Biogen Inc COM 09062X103 4,335 15,856 SH   SOLE   10,670 0 5,186
Biotelemetry Inc COM 090672106 814 28,112 SH   SOLE   8,161 0 19,951
Bioveratic Inc COM 09075E100 414 7,600 SH   SOLE   5,028 0 2,572
Black Box Corp Del COM 091826107 398 44,428 SH   SOLE   12,908 0 31,520
Boeing Co. COM 097023105 1,279 7,231 SH   SOLE   6,364 0 867
Broadridge Financial Solutions COM 11133t103 3,563 52,429 SH   SOLE   46,109 0 6,320
Brocade Communication Systems COM 111621306 2,617 209,710 SH   SOLE   181,269 0 28,441
Brooks Automation Inc COM 114340102 878 39,194 SH   SOLE   11,219 0 27,975
CBS Corp New B COM 124857202 4,443 64,060 SH   SOLE   42,812 0 21,248
CDW Corp COM 12514G108 4,404 76,321 SH   SOLE   51,925 0 24,396
CVS Health Corp COM 126650100 5,865 74,717 SH   SOLE   57,441 0 17,276
Caleres Inc COM 129500104 642 24,291 SH   SOLE   7,127 0 17,164
Cardinal Health Inc COM 14149Y108 2,767 33,927 SH   SOLE   29,565 0 4,362
Cardtronics Plc COM G1991C105 627 13,406 SH   SOLE   3,820 0 9,586
Carlisle Cos Inc COM 142339100 3,704 34,808 SH   SOLE   23,334 0 11,474
Celanese Corp Del COM 150870103 2,235 24,873 SH   SOLE   16,715 0 8,158
Chatham Lodging Tr COM 16208T102 420 21,278 SH   SOLE   6,439 0 14,839
Chevron Corporation COM 166764100 2,025 18,862 SH   SOLE   14,574 0 4,288
Children'S Place Inc COM 168905107 933 7,773 SH   SOLE   2,264 0 5,509
Chubb Limited COM H1467J104 2,981 21,878 SH   SOLE   19,221 0 2,657
Cirrus Logic Inc COM 172755100 1,001 16,493 SH   SOLE   5,582 0 10,911
Cisco Sys Inc COM 17275R102 1,081 31,979 SH   SOLE   28,881 0 3,098
Citigroup Inc COM 172967424 3,884 64,921 SH   SOLE   46,499 0 18,422
Citrix Systems Inc COM 177376100 849 10,185 SH   SOLE   7,094 0 3,091
Coca Cola Co COM 191216100 794 18,712 SH   SOLE   16,554 0 2,158
Comcast Corp COM 20030N101 877 23,339 SH   SOLE   20,331 0 3,008
Commscope Holding Company COM 20337X109 1,377 33,019 SH   SOLE   22,025 0 10,994
Control4 Corp COM 21240D107 1,053 66,678 SH   SOLE   19,366 0 47,312
Convergys Corp COM 212485106 551 26,041 SH   SOLE   7,536 0 18,505
Cooper Std Hldgs Inc COM 21676P103 869 7,838 SH   SOLE   2,613 0 5,225
Cooper Tire & Rubr Co COM 216831107 1,064 23,990 SH   SOLE   7,776 0 16,214
Cummins Inc COM 231021106 2,166 14,324 SH   SOLE   9,578 0 4,746
DTE Energy Co COM 233331107 704 6,893 SH   SOLE   4,617 0 2,276
Darden Restaurants Inc COM 237194105 4,312 51,534 SH   SOLE   34,587 0 16,947
Delphi Automotive PLC COM G27823106 2,353 29,235 SH   SOLE   25,730 0 3,505
Delta Air Lines Inc Del COM 247361702 5,849 127,269 SH   SOLE   100,403 0 26,866
Discover Finl Svcs COM 254709108 4,460 65,220 SH   SOLE   44,917 0 20,303
Disney Walt Co COM 254687106 1,039 9,160 SH   SOLE   8,020 0 1,140
Douglas Emmett Inc COM 25960P109 776 20,211 SH   SOLE   13,550 0 6,661
Dow Chemical COM 260543103 326 5,130 SH   SOLE   5,124 0 6
Dr Pepper Snapple Group I COM 26138E109 3,918 40,009 SH   SOLE   35,264 0 4,745
DuPont Fabros Technology Inc COM 26613Q106 596 12,025 SH   SOLE   3,399 0 8,626
Ducommun Inc Del COM 264147109 855 29,690 SH   SOLE   8,539 0 21,151
Ellis Perry Intl Inc COM 288853104 668 31,119 SH   SOLE   9,092 0 22,027
Emergent Biosolutions Inc COM 29089Q105 624 21,499 SH   SOLE   6,132 0 15,367
Enova International Inc COM 29357K103 791 53,295 SH   SOLE   15,294 0 38,001
Enstar Group Limited COM G3075P101 811 4,238 SH   SOLE   1,226 0 3,012
Entercom Communications C COM 293639100 193 13,509 SH   SOLE   4,125 0 9,384
Enterprise Financial Srv Corp COM 293712105 798 18,826 SH   SOLE   5,388 0 13,438
Equity Commonwealth COM 294628102 739 23,659 SH   SOLE   15,912 0 7,747
Essent Group Ltd COM G3198U102 937 25,902 SH   SOLE   7,385 0 18,517
Ethan Allen Interiors Inc COM 297602104 507 16,557 SH   SOLE   4,853 0 11,704
Everest Re Group Ltd COM G3223R108 7,092 30,334 SH   SOLE   22,988 0 7,346
Exelon Corp COM 30161N101 4,186 116,345 SH   SOLE   78,495 0 37,850
Express Scripts Inc COM 30219G108 3,953 59,981 SH   SOLE   40,458 0 19,523
Extra Space Storage Inc COM 30225T102 798 10,723 SH   SOLE   7,188 0 3,535
Exxon Mobil Corp COM 30231G102 5,220 63,652 SH   SOLE   49,543 0 14,109
F5 Networks Inc COM 315616102 1,288 9,032 SH   SOLE   6,047 0 2,985
Fabrinet COM G3323L100 302 7,188 SH   SOLE   2,080 0 5,108
Facebook Inc COM 30303M102 1,943 13,681 SH   SOLE   9,344 0 4,337
Farmers Cap Bk Corp COM 309562106 219 5,427 SH   SOLE   1,653 0 3,774
Farmers National Banc COM 309627107 640 44,615 SH   SOLE   12,934 0 31,681
Fed Agric Mtg COM 313148306 740 12,851 SH   SOLE   3,683 0 9,168
Fifth Third Bancorp COM 316773100 2,451 96,502 SH   SOLE   84,152 0 12,350
Finisar Corp COM 31787A507 860 31,462 SH   SOLE   9,156 0 22,306
First Bancorp P R COM 318672706 93 16,379 SH   SOLE   4,720 0 11,659
First Industrial Realty COM 32054K103 487 18,305 SH   SOLE   5,280 0 13,025
Flagstar Bancorp Inc COM 337930705 844 29,934 SH   SOLE   9,670 0 20,264
Foot Locker Inc COM 344849104 7,499 100,236 SH   SOLE   76,428 0 23,808
Ford Motor Co. COM 345370860 4,192 360,130 SH   SOLE   245,350 0 114,780
Fresh Del Monte Produce COM G36738105 858 14,483 SH   SOLE   4,592 0 9,891
Futurefuel Corporation COM 36116M106 655 46,173 SH   SOLE   13,298 0 32,875
Gap Inc Del COM 364760108 3,078 126,715 SH   SOLE   85,041 0 41,674
Gencor Inds Inc COM 368678108 686 45,912 SH   SOLE   13,342 0 32,570
General Dynamics Corp COM 369550108 305 1,630 SH   SOLE   1,581 0 49
General Electric Co COM 369604103 3,675 123,336 SH   SOLE   95,419 0 27,917
General Motors COM 37045V100 4,176 118,092 SH   SOLE   80,270 0 37,822
Gentex Corp COM 371901109 1,843 86,386 SH   SOLE   75,270 0 11,116
Getty Rlty Corp New COM 374297109 404 15,980 SH   SOLE   4,758 0 11,222
Gibraltar Inds Inc COM 374689107 657 15,955 SH   SOLE   4,597 0 11,358
Gilead Sciences Inc. COM 375558103 1,593 23,450 SH   SOLE   20,663 0 2,787
Goodyear Tire and Rubber Co. COM 382550101 2,781 77,240 SH   SOLE   67,975 0 9,265
Great Plains Energy COM 391164100 1,301 44,535 SH   SOLE   39,072 0 5,463
Greenhill & Co Inc COM 395259104 831 28,374 SH   SOLE   8,174 0 20,200
HCA Holdings Inc COM 40412C101 7,713 86,672 SH   SOLE   65,748 0 20,924
HP Inc COM 40434L105 5,443 304,407 SH   SOLE   215,356 0 89,051
Hackett Group Inc COM 404609109 841 43,169 SH   SOLE   12,370 0 30,799
Harris Corp. COM 413875105 809 7,269 SH   SOLE   5,775 0 1,494
Hawaiian Holdings Inc COM 419879101 715 15,389 SH   SOLE   4,725 0 10,664
Healthsouth Corp COM 421924309 921 21,510 SH   SOLE   6,147 0 15,363
Heartland Finl USA Inc COM 42234Q102 840 16,820 SH   SOLE   4,835 0 11,985
Hewlett Packard Enterpris COM 42824C109 5,385 227,211 SH   SOLE   163,392 0 63,819
Highwoods Prop COM 431284108 706 14,380 SH   SOLE   9,642 0 4,738
Home Bancorp Inc COM 43689E107 573 16,963 SH   SOLE   5,081 0 11,882
Home Depot Inc. COM 437076102 1,087 7,401 SH   SOLE   6,391 0 1,010
Homestreet Inc COM 43785V102 687 24,576 SH   SOLE   7,071 0 17,505
Horizon Pharma Inc COM G4617B105 616 41,683 SH   SOLE   11,985 0 29,698
Huntington Ingalls Inds COM 446413106 2,043 10,204 SH   SOLE   9,093 0 1,111
ICF Intl Inc COM 44925C103 500 12,098 SH   SOLE   3,475 0 8,623
ICU Med Inc COM 44930G107 780 5,111 SH   SOLE   1,476 0 3,635
IDT Corp COM 448947507 488 38,340 SH   SOLE   10,989 0 27,351
Ingersoll-Rand Plc COM G47791101 2,076 25,525 SH   SOLE   17,077 0 8,448
Ingredion Inc COM 457187102 3,708 30,787 SH   SOLE   20,891 0 9,896
Insperity Inc COM 45778Q107 950 10,717 SH   SOLE   3,063 0 7,654
Insys Therapeutics Inc COM 45824V209 655 62,367 SH   SOLE   18,093 0 44,274
Intel Corp COM 458140100 6,899 191,264 SH   SOLE   135,005 0 56,259
International Business Machine COM 459200101 269 1,542 SH   SOLE   1,452 0 90
Itron Inc COM 465741106 695 11,448 SH   SOLE   3,290 0 8,158
JPMorgan Chase & Co COM 46625H100 7,144 81,334 SH   SOLE   59,517 0 21,817
Johnson & Johnson COM 478160104 10,514 84,418 SH   SOLE   60,767 0 23,651
Juniper Networks Inc COM 48203R104 1,430 51,372 SH   SOLE   35,648 0 15,724
Kelly Svcs Inc A COM 488152208 630 28,821 SH   SOLE   8,252 0 20,569
Kimball Electronics Inc COM 49428J109 722 42,569 SH   SOLE   12,273 0 30,296
Kimball Intl Inc COM 494274103 717 43,437 SH   SOLE   12,477 0 30,960
Kla-Tencor Corp COM 482480100 1,638 17,232 SH   SOLE   11,539 0 5,693
Knoll Inc COM 498904200 684 28,708 SH   SOLE   8,210 0 20,498
Kroger Co COM 501044101 2,901 98,386 SH   SOLE   85,883 0 12,503
LCI Industries COM 50189K103 493 4,939 SH   SOLE   1,490 0 3,449
LTC Prop Inc COM 502175102 494 10,318 SH   SOLE   3,035 0 7,283
La Z Boy Inc COM 505336107 619 22,931 SH   SOLE   6,697 0 16,234
Lam Research Corp COM 512807108 4,808 37,459 SH   SOLE   25,451 0 12,008
Lannett Co Inc COM 516012101 693 31,025 SH   SOLE   9,536 0 21,489
Lasalle Hotel Properties COM 517942108 554 19,147 SH   SOLE   5,474 0 13,673
Lear Corp COM 521865204 7,261 51,285 SH   SOLE   39,317 0 11,968
Lincoln Natl Corp Ind COM 534187109 3,832 58,547 SH   SOLE   39,270 0 19,277
Lockheed Martin Corp COM 539830109 3,894 14,552 SH   SOLE   12,595 0 1,957
Lydall Inc Del COM 550819106 674 12,577 SH   SOLE   3,602 0 8,975
Lyondellbasell Industries NV COM N53745100 2,454 26,915 SH   SOLE   23,476 0 3,439
MBT Finl Corp COM 578877102 745 65,669 SH   SOLE   18,821 0 46,848
Macy's COM 55616p104 1,076 36,305 SH   SOLE   31,416 0 4,889
Magellan Health Inc COM 559079207 723 10,477 SH   SOLE   3,033 0 7,444
Manpower Inc COM 56418H100 4,388 42,782 SH   SOLE   29,225 0 13,557
Marathon Petroleum Corp COM 56585A102 1,957 38,730 SH   SOLE   33,491 0 5,239
Marsh & McLennan Cos Inc COM 571748102 396 5,363 SH   SOLE   5,343 0 20
Masimo Corp COM 574795100 991 10,628 SH   SOLE   3,005 0 7,623
McDermott Intl Inc COM 580037109 757 112,113 SH   SOLE   32,087 0 80,026
Medical Properties Trust Inc COM 58463J304 629 48,833 SH   SOLE   14,048 0 34,785
Medifast Inc COM 58470H101 237 5,333 SH   SOLE   1,547 0 3,786
Mednax Inc COM 58502B106 1,793 25,840 SH   SOLE   22,573 0 3,267
Merck & Co Inc COM 58933Y105 6,951 109,396 SH   SOLE   76,827 0 32,569
Meritor Inc COM 59001K100 1,020 59,573 SH   SOLE   17,269 0 42,304
Methode Electrs A COM 591520200 882 19,342 SH   SOLE   5,539 0 13,803
Microsoft Corp COM 594918104 8,338 126,595 SH   SOLE   97,138 0 29,456
Morgan Stanley COM 617446448 2,475 57,768 SH   SOLE   39,043 0 18,725
Mutualfirst Finl Inc COM 62845B104 630 19,983 SH   SOLE   5,981 0 14,002
NCR Corp New COM 62886E108 2,539 55,587 SH   SOLE   37,529 0 18,058
Nacco Inds Inc COM 629579103 613 8,789 SH   SOLE   2,613 0 6,176
Navigant Consulting Inc COM 63935N107 717 31,354 SH   SOLE   9,050 0 22,304
Navios Maritime Acqstn COM Y62159101 26 14,946 SH   SOLE   13,806 0 1,140
Netgear Inc COM 64111q104 690 13,918 SH   SOLE   4,589 0 9,329
Northrop Grumman Corp COM 666807102 4,138 17,399 SH   SOLE   14,987 0 2,412
Northwestern Corp COM 668074305 916 15,607 SH   SOLE   4,476 0 11,131
Nvidia Corp COM 67066g104 314 2,880 SH   SOLE   2,772 0 108
OM Asset Management COM G67506108 791 52,288 SH   SOLE   14,870 0 37,418
Office Depot Inc COM 676220106 138 29,616 SH   SOLE   8,456 0 21,160
Omega Protein Corp COM 68210P107 647 32,245 SH   SOLE   10,393 0 21,852
Onebeacon Insurance Group COM G67742109 758 47,380 SH   SOLE   13,751 0 33,629
Oracle Systems Corp. COM 68389X105 679 15,211 SH   SOLE   13,206 0 2,005
Orbital ATK Inc. COM 68557N103 657 6,705 SH   SOLE   5,531 0 1,174
Owens Corning COM 690742101 4,458 72,639 SH   SOLE   48,632 0 24,007
PNC Finl Svcs Group COM 693475105 3,238 26,930 SH   SOLE   23,715 0 3,215
PS Business Pks Inc Calif COM 69360J107 501 4,365 SH   SOLE   1,249 0 3,116
Pacific Ethanol Inc COM 69423U305 76 11,126 SH   SOLE   3,354 0 7,772
Pepsico Inc. COM 713448108 1,241 11,096 SH   SOLE   8,939 0 2,157
Pfizer Inc COM 717081103 1,653 48,305 SH   SOLE   42,809 0 5,496
Philip Morris International In COM 718172109 838 7,426 SH   SOLE   6,534 0 892
Phillips 66 COM 718546104 1,641 20,717 SH   SOLE   17,785 0 2,932
Polyone Corp COM 73179P106 240 7,048 SH   SOLE   2,017 0 5,031
Preferred Bk Los Angeles COM 740367404 669 12,471 SH   SOLE   3,431 0 9,040
Price T Rowe Group Inc COM 74144T108 1,738 25,497 SH   SOLE   17,123 0 8,374
Primerica Inc COM 74164M108 1,010 12,287 SH   SOLE   3,545 0 8,742
Procter & Gamble Co COM 742718109 3,809 42,396 SH   SOLE   37,049 0 5,347
Prologis Inc COM 74340W103 1,049 20,229 SH   SOLE   13,558 0 6,671
Prudential Finl Inc COM 744320102 4,360 40,874 SH   SOLE   27,361 0 13,513
Public Service Enterprise Grou COM 744573106 2,125 47,915 SH   SOLE   37,367 0 10,548
Quest Diagnostics Inc COM 74834L100 4,060 41,346 SH   SOLE   27,690 0 13,656
Radian Group Inc COM 750236101 958 53,314 SH   SOLE   15,344 0 37,970
Ramco Gershenson Properties COM 751452202 406 28,949 SH   SOLE   8,150 0 20,799
Raymond James Financial COM 754730109 1,792 23,493 SH   SOLE   15,721 0 7,772
Raytheon Co COM 755111507 2,005 13,150 SH   SOLE   11,557 0 1,593
Regional Management Corp COM 75902K106 550 28,294 SH   SOLE   8,072 0 20,222
Renaissancere Holdings COM G7496G103 361 2,496 SH   SOLE   2,444 0 52
Renewable Energy Group Inc COM 75972A301 832 79,610 SH   SOLE   22,923 0 56,687
Rex American Resources Co COM 761624105 717 7,926 SH   SOLE   2,294 0 5,632
Rogers Corp COM 775133101 734 8,548 SH   SOLE   2,463 0 6,085
Rowan Cos Inc COM G7665A101 2,925 187,762 SH   SOLE   126,464 0 61,298
Ryerson Holding Corp COM 783754104 441 35,010 SH   SOLE   9,944 0 25,066
Ryman Hospitality Prop COM 78377T107 527 8,521 SH   SOLE   2,442 0 6,079
SJW Group COM 784305104 340 7,047 SH   SOLE   2,027 0 5,020
Saga Communications Inc COM 786598300 734 14,382 SH   SOLE   4,210 0 10,172
Sanderson Farms Inc COM 800013104 549 5,286 SH   SOLE   1,533 0 3,753
Sandy Spring Bancorp Inc COM 800363103 807 19,680 SH   SOLE   5,643 0 14,037
Sanmina Corp COM 801056102 985 24,250 SH   SOLE   6,999 0 17,251
Schlumberger, Ltd. COM 806857108 458 5,861 SH   SOLE   5,189 0 672
Schnitzer Stl Inds COM 806882106 549 26,581 SH   SOLE   7,608 0 18,973
Sciclone Pharmaceuticals COM 80862K104 671 68,473 SH   SOLE   22,583 0 45,890
Scripps Networks Interact COM 811065101 1,336 17,049 SH   SOLE   11,395 0 5,654
Seadrill Limited COM G7945E105 57 34,393 SH   SOLE   10,288 0 24,105
Ship Finance Int COM G81075106 461 31,345 SH   SOLE   9,046 0 22,299
Shore Bancshares Inc COM 825107105 818 48,952 SH   SOLE   14,129 0 34,823
Simon Ppty Group Inc New COM 828806109 1,324 7,695 SH   SOLE   5,168 0 2,527
Skywest Inc COM 830879102 771 22,504 SH   SOLE   6,445 0 16,059
Skyworks Solutions Inc COM 83088M102 1,721 17,562 SH   SOLE   15,371 0 2,191
Smucker J M Co COM 832696405 442 3,375 SH   SOLE   2,443 0 932
Southwest Gas Holdings Inc. COM 844895102 784 9,456 SH   SOLE   2,698 0 6,758
Spark Energy Inc COM 846511103 696 21,791 SH   SOLE   7,098 0 14,693
Spartannash Company COM 847215100 663 18,945 SH   SOLE   5,433 0 13,512
Spirit Aerosystems Hldgs COM 848574109 3,842 66,332 SH   SOLE   44,717 0 21,615
Steel Dynamics Inc COM 858119100 3,709 106,691 SH   SOLE   71,730 0 34,961
Stepan Co COM 858586100 848 10,754 SH   SOLE   3,568 0 7,186
Stoneridge Inc COM 86183P102 762 42,003 SH   SOLE   12,471 0 29,532
Sucampo Pharmaceuticals COM 864909106 531 48,271 SH   SOLE   13,934 0 34,337
Summit Financial Group Inc COM 86606G101 578 26,846 SH   SOLE   7,865 0 18,981
Suntrust Banks COM 867914103 252 4,564 SH   SOLE   4,384 0 180
Supreme Inds Inc COM 868607102 868 42,857 SH   SOLE   12,252 0 30,605
Synchrony Financial COM 87165B103 3,918 114,236 SH   SOLE   76,945 0 37,291
Sysco Corp COM 871829107 3,834 73,844 SH   SOLE   49,500 0 24,344
TTM Technologies Inc COM 87305R109 915 56,743 SH   SOLE   16,399 0 40,344
Target Corp COM 87612E106 3,258 59,027 SH   SOLE   39,926 0 19,101
Tech Data Corp COM 878237106 246 2,615 SH   SOLE   757 0 1,858
Tenneco Inc COM 880349105 655 10,497 SH   SOLE   3,048 0 7,449
Tesoro Corp. COM 881609101 3,958 48,826 SH   SOLE   33,313 0 15,513
Texas Instrs Inc COM 882508104 5,008 62,163 SH   SOLE   41,633 0 20,530
The Chemours Company Llc COM 163851108 1,523 39,564 SH   SOLE   11,216 0 28,348
Travelers Company Inc. COM 89417E109 213 1,764 SH   SOLE   1,445 0 319
Trinity Inds Inc COM 896522109 1,014 38,201 SH   SOLE   33,064 0 5,137
Trinseo S.A. COM L9340P101 970 14,459 SH   SOLE   5,095 0 9,364
Tyson Foods COM 902494103 4,519 73,227 SH   SOLE   52,238 0 20,989
Union Pacific COM 907818108 1,222 11,533 SH   SOLE   9,983 0 1,550
Unisys Corp COM 909214306 696 49,895 SH   SOLE   14,391 0 35,504
United Continental Hld COM 910047109 2,642 37,404 SH   SOLE   25,585 0 11,819
United Rentals Inc COM 911363109 4,402 35,199 SH   SOLE   23,519 0 11,680
United Therapeutic Corp. COM 91307C102 3,632 26,831 SH   SOLE   17,982 0 8,849
Unitedhealth Group Inc COM 91324P102 6,115 37,287 SH   SOLE   25,382 0 11,905
Universal Fst Prods Inc COM 913543104 796 8,078 SH   SOLE   2,319 0 5,759
Urstadt Biddle A COM 917286205 370 17,985 SH   SOLE   5,321 0 12,664
Valero Energy Corp COM 91913Y100 4,400 66,368 SH   SOLE   45,664 0 20,704
Verizon Communications COM 92343V104 2,930 60,103 SH   SOLE   45,162 0 14,941
Viad Corp COM 92552R406 803 17,768 SH   SOLE   5,136 0 12,632
Village Super Mkt Inc COM 927107409 645 24,339 SH   SOLE   6,973 0 17,366
Vishay Intertechnology Inc COM 928298108 852 51,801 SH   SOLE   14,922 0 36,879
Vista Outdoors Inc. COM 928377100 267 12,966 SH   SOLE   10,637 0 2,329
Voya Financial COM 929089100 1,907 50,242 SH   SOLE   43,657 0 6,585
WPX Energy Inc COM 98212B103 883 65,917 SH   SOLE   44,257 0 21,660
Wabash Natl Corp COM 929566107 1,063 51,392 SH   SOLE   17,113 0 34,279
Wal Mart Stores Inc COM 931142103 5,768 80,017 SH   SOLE   55,680 0 24,337
Wells Fargo COM 949746101 5,738 103,088 SH   SOLE   85,338 0 17,751
Welltower Inc COM 95040Q104 1,041 14,694 SH   SOLE   9,859 0 4,835
Western Digital Corp COM 958102105 2,368 28,693 SH   SOLE   24,782 0 3,911
Westlake Chemical Corp COM 960413102 2,048 31,006 SH   SOLE   26,980 0 4,026
World Accep Corp Del COM 981419104 626 12,094 SH   SOLE   3,478 0 8,616
World Fuel Svcs Corp COM 981475106 702 19,365 SH   SOLE   12,997 0 6,368
Consumer Staples SPDR ETF 81369y308 2,178 39,911 SH   SOLE   34,815 0 5,096
Healthcare SS SPDR ETF 81369Y209 1,284 17,271 SH   SOLE   14,737 0 2,534
Materials SS SPDR ETF 81369y100 2,091 39,895 SH   SOLE   34,435 0 5,460
Powershares S&P 500 ETF 73936G308 525 23,826 SH   SOLE   23,826 0 0
Real Estate Select Sector SPDR ETF 81369Y860 264 8,367 SH   SOLE   7,152 0 1,215
SPDR Tr Unit Ser 1 ETF 78462F103 8,617 36,552 SH   SOLE   32,012 0 4,540
Schwab Emerging Markets Equity ETF 808524706 222 9,254 SH   SOLE   8,879 0 375
Schwab International Equity ETF 808524805 711 23,818 SH   SOLE   22,745 0 1,073
Schwab U.S. Large-Cap ETF ETF 808524201 12,007 213,386 SH   SOLE   206,187 0 7,199
Schwab US Broad Market ETF 808524102 458 8,033 SH   SOLE   7,616 0 417
Schwab US Mid-Cap ETF 808524508 628 13,259 SH   SOLE   12,751 0 508
Schwab US Small-Cap ETF 808524607 453 7,193 SH   SOLE   6,943 0 250
Select Sector SPDR Amex Indust ETF 81369y704 2,174 33,410 SH   SOLE   28,988 0 4,422
Select Sector SPDR Amex Techno ETF 81369y803 4,533 85,029 SH   SOLE   74,697 0 10,332
Select Sector Spdr Financial ETF 81369y605 1,477 62,229 SH   SOLE   53,095 0 9,134
Select Spdr Consumer Discretio ETF 81369y407 1,881 21,389 SH   SOLE   17,811 0 3,578
Utilities Sel SPDR ETF 81369y886 567 11,049 SH   SOLE   9,437 0 1,612
Vanguard Energy ETF ETF 92204a306 3,212 33,213 SH   SOLE   29,089 0 4,124