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
AMERIS BANCORP COM 03076K108 12,800 252,815 SH   SOLE   252,758 0 57
AMN HEALTHCARE SERVICES INC COM 001744101 17,674 182,247 SH   SOLE   182,205 0 42
ARGO GROUP INTL HLDG F COM g0464b107 11,132 214,770 SH   SOLE   214,721 0 49
BONANZA CREEK ENERGY INC COM 097793400 8,127 172,662 SH   SOLE   172,578 0 84
BRANDYWINE REALTY TRUST COM 105368203 11,935 870,529 SH   SOLE   870,333 0 196
BUILDERS FIRSTSOURCE INC COM 12008R107 13,310 312,009 SH   SOLE   311,938 0 71
CARETRUST REIT INC COM 14174T107 12,964 558,076 SH   SOLE   557,947 0 129
CATHAY GENERAL BANCORP COM 149150104 11,971 304,148 SH   SOLE   304,078 0 70
CHEMOURS CO/THE COM 163851108 11,642 334,532 SH   SOLE   334,454 0 78
CORPORATE OFFICE PROPERTIES COM 22002T108 13,781 492,354 SH   SOLE   492,242 0 112
DIODES INC COM 254543101 16,469 206,450 SH   SOLE   206,403 0 47
EMCOR GROUP INC COM 29084Q100 16,877 137,002 SH   SOLE   136,971 0 31
EMERGENT BIOSOLUTIONS INC COM 29089Q105 8,529 135,408 SH   SOLE   135,332 0 76
EVERCORE INC - A COM 29977A105 16,704 118,664 SH   SOLE   118,600 0 64
EXLSERVICE HOLDINGS INC COM 302081104 14,095 132,646 SH   SOLE   132,615 0 31
FABRINET COM G3323L100 14,672 153,041 SH   SOLE   153,006 0 35
FEDERAL SIGNAL CORP COM 313855108 15,955 396,607 SH   SOLE   396,511 0 96
FULTON FINANCIAL CORP COM 360271100 10,093 639,630 SH   SOLE   639,483 0 147
G-III APPAREL GROUP LTD COM 36237H101 5,936 180,639 SH   SOLE   180,557 0 82
GRAPHIC PACKAGING HOLDING CO COM 388689101 12,072 665,505 SH   SOLE   665,113 0 392
GRAY TELEVISION INC COM 389375106 14,659 626,447 SH   SOLE   626,303 0 144
GREEN BRICK PARTNERS INC COM 392709101 10,825 476,015 SH   SOLE   475,832 0 183
GRIFFON CORP COM 398433102 11,035 430,546 SH   SOLE   430,447 0 99
HILLENBRAND INC COM 431571108 9,785 221,979 SH   SOLE   221,928 0 51
HILLTOP HOLDINGS INC COM 432748101 17,511 481,082 SH   SOLE   480,969 0 113
II-VI INC COM 902104108 11,079 152,628 SH   SOLE   152,593 0 35
INTEGER HOLDINGS CORP COM 45826H109 12,628 134,057 SH   SOLE   134,026 0 31
INVESTORS BANCORP, INC COM 46146L101 15,335 1,075,407 SH   SOLE   1,074,810 0 597
JACK IN THE BOX INC COM 466367109 14,433 129,518 SH   SOLE   129,489 0 29
LA-Z-BOY INC COM 505336107 8,824 238,220 SH   SOLE   238,166 0 54
LEXINGTON REALTY TRUST COM 529043101 14,679 1,228,328 SH   SOLE   1,228,045 0 283
MALIBU BOATS INC - A COM 56117J100 13,036 177,770 SH   SOLE   177,714 0 56
MCGRATH RENTCORP COM 580589109 9,464 116,019 SH   SOLE   115,992 0 27
MERCURY GENERAL CORP COM 589400100 14,614 225,010 SH   SOLE   224,958 0 52
NATIONAL BANK HOLD-CL A COM 633707104 9,372 248,323 SH   SOLE   248,266 0 57
NMI HOLDINGS INC-CLASS A COM 629209305 8,595 382,347 SH   SOLE   382,206 0 141
NORTHWESTERN CORP COM 668074305 7,556 125,469 SH   SOLE   125,441 0 28
ORION ENGINEERED CARBONS SA COM L72967109 10,356 545,343 SH   SOLE   545,214 0 129
PDC ENERGY INC COM 69327R101 9,306 203,231 SH   SOLE   203,125 0 106
PIEDMONT OFFICE REALTY TRU-A COM 720190206 12,279 664,798 SH   SOLE   664,645 0 153
PORTLAND GENERAL ELECTRIC CO COM 736508847 11,071 240,263 SH   SOLE   240,208 0 55
PRIMORIS SERVICES CORP COM 74164F103 12,683 430,968 SH   SOLE   430,868 0 100
PROG HOLDINGS INC COM 74319R101 9,997 207,705 SH   SOLE   207,595 0 110
SEACOAST BANKING CORP/FL COM 811707801 14,594 427,341 SH   SOLE   427,243 0 98
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 23,000 544,239 SH   SOLE   544,115 0 124
SHYFT GROUP INC/THE COM 825698103 10,065 269,051 SH   SOLE   268,934 0 117
SOUTHWEST GAS HOLDINGS INC COM 844895102 10,394 157,037 SH   SOLE   156,944 0 93
SPECTRUM BRANDS HOLDINGS INC COM 84790A105 15,245 179,269 SH   SOLE   179,229 0 40
STANDARD MOTOR PRODS COM 853666105 6,935 159,981 SH   SOLE   159,943 0 38
STIFEL FINANCIAL CORP COM 860630102 17,548 270,554 SH   SOLE   270,493 0 61
TEMPUR SEALY INTERNATIONAL I COM 88023U101 15,857 404,608 SH   SOLE   404,364 0 244
TIMKEN CO COM 887389104 13,940 172,977 SH   SOLE   172,937 0 40
UFP INDUSTRIES INC COM 90278Q108 15,816 212,752 SH   SOLE   212,703 0 49
UMB FINANCIAL CORP COM 902788108 15,056 161,790 SH   SOLE   161,753 0 37
VERITEX HOLDINGS INC COM 923451108 14,980 423,045 SH   SOLE   422,948 0 97
VIRTUS INVESTMENT PARTNERS COM 92828Q109 11,882 42,778 SH   SOLE   42,769 0 9
WERNER ENTERPRISES INC COM 950755108 10,596 238,014 SH   SOLE   237,958 0 56
WINNEBAGO INDUSTRIES COM 974637100 10,405 153,108 SH   SOLE   153,073 0 35
WORLD FUEL SERVICES CORP COM 981475106 7,384 232,728 SH   SOLE   232,676 0 52