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
AARON'S INC COM 002535300 11,291 207,327 SH   SOLE   207,236 0 91
ADVANCED ENERGY IND COM 007973100 7,082 137,118 SH   SOLE   137,118 0 0
AMERICAN EQUITY INVT LIFE HL COM 025676206 10,862 307,190 SH   SOLE   307,190 0 0
AMN HEALTHCARE SERVICES INC COM 001744101 8,655 158,223 SH   SOLE   158,223 0 0
ARCBEST CORP COM 03937C105 12,636 260,263 SH   SOLE   260,082 0 181
ARGO GROUP INTL HLDG F COM g0464b107 11,731 186,059 SH   SOLE   186,059 0 0
BERKSHIRE HILLS BANC COM 084680107 10,609 260,654 SH   SOLE   260,654 0 0
BLUCORA INC COM 095229100 17,018 422,796 SH   SOLE   422,796 0 0
BONANZA CREEK ENERGY INC COM 097793400 4,447 149,315 SH   SOLE   149,238 0 77
BRIGGS & STRATTON CO COM 109043109 8,971 466,529 SH   SOLE   466,529 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 8,677 591,085 SH   SOLE   590,689 0 396
CABOT CORP COM 127055101 9,008 143,619 SH   SOLE   143,619 0 0
CADENCE BANCORP COM 12739A100 7,673 293,771 SH   SOLE   293,771 0 0
CALERES INC COM 129500104 8,971 250,159 SH   SOLE   250,159 0 0
CALLON PETROLEUM CO COM 13123x102 10,527 877,979 SH   SOLE   877,979 0 0
CARPENTER TECHNOLOGY COM 144285103 11,840 200,848 SH   SOLE   200,848 0 0
CATHAY BANK COM 149150104 9,472 228,574 SH   SOLE   228,574 0 0
CENTERSTATE BANK CORP COM 15201P109 8,105 288,951 SH   SOLE   288,951 0 0
CLEARWAY ENERGY INC A COMMON S COM 18539c105 192 10,094 SH   SOLE   10,094 0 0
CLEARWAY ENERGY INC-C COM 18539C204 10,178 528,723 SH   SOLE   528,723 0 0
CUSTOMERS BANCORP COM 23204g100 9,510 404,177 SH   SOLE   404,177 0 0
EMERGENT BIOSOLUTIONS INC COM 29089Q105 8,927 135,606 SH   SOLE   135,606 0 0
EVERCORE INC - A COM 29977A105 10,336 102,797 SH   SOLE   102,760 0 37
FABRINET COM KYG3323L1 8,652 187,024 SH   SOLE   187,024 0 0
FULTON FINL CO COM 360271100 5,106 306,685 SH   SOLE   306,685 0 0
G E O GROUP INC NEW REIT COM 36162j106 7,768 308,763 SH   SOLE   308,763 0 0
GLOBAL BRASS &COPPER COM 37953g103 5,797 157,107 SH   SOLE   157,107 0 0
GRAY TELEVISION INC COM 389375106 9,512 543,551 SH   SOLE   543,068 0 483
HELEN OF TROY LTD F COM g4388n106 11,712 89,473 SH   SOLE   89,473 0 0
HERSHA HOSPITY TR REIT COM 427825500 9,355 412,681 SH   SOLE   412,681 0 0
KNOLL INC COM 498904200 8,626 367,862 SH   SOLE   367,862 0 0
LEXINGTON REALTY TRUST COM 529043101 8,837 1,064,671 SH   SOLE   1,064,136 0 535
MALIBU BOATS INC CLASS A COM 56117j100 11,436 208,988 SH   SOLE   208,988 0 0
MEDPACE HOLDINGS INC COM 58506Q109 7,486 124,958 SH   SOLE   124,958 0 0
NORTHWESTERN CORP COM 668074305 9,468 161,407 SH   SOLE   161,407 0 0
NTNL BANK HLDGS CLASS A COM 633707104 8,100 215,130 SH   SOLE   215,130 0 0
NTNL GENERAL HLD COM 636220303 10,475 390,258 SH   SOLE   390,258 0 0
PENN VIRGINIA CORP COM 70788V102 9,838 122,149 SH   SOLE   122,149 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 8,871 266,407 SH   SOLE   266,407 0 0
PREF APT COMMUNITIES REIT COM 74039l103 10,625 604,391 SH   SOLE   604,391 0 0
PRIMORIS SERVICES CO COM 74164f103 9,263 373,226 SH   SOLE   373,226 0 0
RAMCO-GERSHENSON PROPERTIES COM 751452202 8,488 624,132 SH   SOLE   624,132 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 12,517 145,258 SH   SOLE   145,258 0 0
SCHNITZER STEEL INDS INC-A COM 806882106 5,050 186,680 SH   SOLE   186,680 0 0
SEACOAST BK CORP FLA COM 811707801 10,822 370,600 SH   SOLE   370,600 0 0
SJI INC COM 838518108 12,008 340,460 SH   SOLE   340,460 0 0
SMART GLOBAL HLDGS F COM g8232y101 3,190 110,985 SH   SOLE   110,985 0 0
SRC ENERGY INC COM 78470V108 7,434 836,251 SH   SOLE   836,001 0 250
STIFEL FINANCIAL CORP COM 860630102 9,909 193,303 SH   SOLE   193,303 0 0
TENNECO INC-CLASS A COM 880349105 6,549 155,407 SH   SOLE   155,312 0 95
TRAVELPORT WORLDWIDE LTD COM BMG9019D1 12,188 722,446 SH   SOLE   722,163 0 283
U M B FINL CORP COM 902788108 9,930 140,050 SH   SOLE   140,050 0 0
U S SILICA HLDGS INC COM 90346e103 4,282 227,415 SH   SOLE   227,415 0 0
UNIVERSAL FOREST PRODUCTS COM 913543104 10,283 291,052 SH   SOLE   290,887 0 165
VALLEY NATIONAL BANCORP COM 919794107 8,855 787,124 SH   SOLE   787,124 0 0
VERINT SYSTEMS INC COM 92343X100 10,301 205,609 SH   SOLE   205,462 0 147
WASHINGTON FEDERAL COM 938824109 6,562 205,060 SH   SOLE   205,060 0 0
WINNEBAGO INDUSTRIES COM 974637100 9,437 284,681 SH   SOLE   284,526 0 155