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
AAR CORP COM 000361105 5,598 297,772 SH   SOLE   297,715 0 57
AARON'S INC COM 002535300 14,074 248,435 SH   SOLE   248,325 0 110
AMERICAN EQUITY INVT LIFE HL COM 025676206 9,290 422,447 SH   SOLE   422,366 0 81
AMN HEALTHCARE SERVICES INC COM 001744101 12,738 217,897 SH   SOLE   217,855 0 42
ARGO GROUP INTL HLDG F COM g0464b107 8,844 256,880 SH   SOLE   256,831 0 49
BONANZA CREEK ENERGY INC COM 097793400 3,884 206,592 SH   SOLE   206,508 0 84
BRANDYWINE REALTY TRUST COM 105368203 10,752 1,039,819 SH   SOLE   1,039,623 0 196
BUILDERS FIRSTSOURCE INC COM 12008R107 17,926 549,528 SH   SOLE   549,423 0 105
CARPENTER TECHNOLOGY COM 144285103 5,028 276,851 SH   SOLE   276,765 0 86
CATHAY GENERAL BANCORP COM 149150104 7,886 363,768 SH   SOLE   363,698 0 70
CLEARWAY ENERGY INC-C COM 18539C204 12,768 473,579 SH   SOLE   473,488 0 91
DIODES INC COM 254543101 13,928 246,730 SH   SOLE   246,683 0 47
EMCOR GROUP INC COM 29084Q100 11,088 163,752 SH   SOLE   163,721 0 31
EMERGENT BIOSOLUTIONS INC COM 29089Q105 16,721 161,826 SH   SOLE   161,762 0 64
EVERCORE INC - A COM 29977A105 9,288 141,884 SH   SOLE   141,820 0 64
EXLSERVICE HOLDINGS INC COM 302081104 10,447 158,366 SH   SOLE   158,335 0 31
FABRINET COM G3323L100 11,525 182,851 SH   SOLE   182,816 0 35
FEDERAL SIGNAL CORP COM 313855108 13,849 473,457 SH   SOLE   473,361 0 96
FULTON FINANCIAL CORP COM 360271100 7,134 764,590 SH   SOLE   764,443 0 147
G-III APPAREL GROUP LTD COM 36237H101 2,832 215,990 SH   SOLE   215,877 0 113
GRAPHIC PACKAGING HOLDING CO COM 388689101 11,202 795,005 SH   SOLE   794,613 0 392
GRAY TELEVISION INC COM 389375106 10,310 748,707 SH   SOLE   748,563 0 144
HELEN OF TROY LTD COM G4388N106 12,365 63,895 SH   SOLE   63,883 0 12
HILLTOP HOLDINGS INC COM 432748101 11,852 575,912 SH   SOLE   575,799 0 113
II-VI INC COM 902104108 7,395 182,318 SH   SOLE   182,283 0 35
IMAX CORP COM 45245E109 6,112 511,025 SH   SOLE   510,927 0 98
INTEGER HOLDINGS CORP COM 45826H109 9,458 160,277 SH   SOLE   160,246 0 31
INVESTORS BANCORP, INC COM 46146L101 9,330 1,285,085 SH   SOLE   1,284,840 0 245
LEXINGTON REALTY TRUST COM 529043101 15,334 1,467,408 SH   SOLE   1,467,125 0 283
MALIBU BOATS INC - A COM 56117J100 10,527 212,410 SH   SOLE   212,344 0 66
MCGRATH RENTCORP COM 580589109 8,273 138,829 SH   SOLE   138,802 0 27
MERCURY GENERAL CORP COM 589400100 11,126 268,940 SH   SOLE   268,888 0 52
NATIONAL BANK HOLD-CL A COM 633707104 7,793 296,873 SH   SOLE   296,816 0 57
NMI HOLDINGS INC-CLASS A COM 629209305 8,127 456,557 SH   SOLE   456,416 0 141
NORTHWESTERN CORP COM 668074305 7,297 150,029 SH   SOLE   150,001 0 28
OUTFRONT MEDIA INC COM 69007J106 6,974 479,335 SH   SOLE   479,243 0 92
PARSONS CORP COM 70202L102 10,916 325,469 SH   SOLE   325,303 0 166
PDC ENERGY INC COM 69327R101 3,011 242,911 SH   SOLE   242,805 0 106
PERFORMANCE FOOD GROUP CO COM 71377A103 17,155 495,510 SH   SOLE   495,309 0 201
PIEDMONT OFFICE REALTY TRU-A COM 720190206 10,783 794,628 SH   SOLE   794,475 0 153
PRIMORIS SERVICES CORP COM 74164F103 9,294 515,188 SH   SOLE   515,088 0 100
RYMAN HOSPITALITY PROPERTIES COM 78377T107 12,322 334,833 SH   SOLE   334,677 0 156
SCHNITZER STEEL INDS INC-A COM 806882106 4,963 258,091 SH   SOLE   258,041 0 50
SEACOAST BANKING CORP/FL COM 811707801 9,214 511,061 SH   SOLE   510,963 0 98
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 13,555 651,039 SH   SOLE   650,915 0 124
SHYFT GROUP INC/THE COM 825698103 6,071 321,551 SH   SOLE   321,434 0 117
SOUTH STATE CORP COM 840441109 5,745 119,315 SH   SOLE   119,293 0 22
SOUTHWEST GAS HOLDINGS INC COM 844895102 11,847 187,747 SH   SOLE   187,654 0 93
STANDARD MOTOR PRODS COM 853666105 8,537 191,201 SH   SOLE   191,163 0 38
STIFEL FINANCIAL CORP COM 860630102 13,472 266,447 SH   SOLE   266,396 0 51
TEMPUR SEALY INTERNATIONAL I COM 88023U101 10,774 120,802 SH   SOLE   120,741 0 61
TIMKEN CO COM 887389104 11,208 206,717 SH   SOLE   206,677 0 40
UFP INDUSTRIES INC COM 90278Q108 14,367 254,242 SH   SOLE   254,193 0 49
UMB FINANCIAL CORP COM 902788108 9,480 193,420 SH   SOLE   193,383 0 37
VERITEX HOLDINGS INC COM 923451108 8,605 505,275 SH   SOLE   505,178 0 97
WINNEBAGO INDUSTRIES COM 974637100 9,443 182,748 SH   SOLE   182,713 0 35
WORLD FUEL SERVICES CORP COM 981475106 5,888 277,878 SH   SOLE   277,826 0 52