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
Access National Corp COM 004337101 1,345 44,808 SH   SOLE   8 0 44,800
ACNB Corp COM 000868109 866 30,008 SH   SOLE   8 0 30,000
Allegion Pub Ltd Co COM g0176j109 1,598 21,109 SH   SOLE   21,109 0 0
Allied Motion Technologies Inc COM 019330109 793 39,457 SH   SOLE   10 0 39,447
Almost Family Inc COM 020409108 1,084 22,306 SH   SOLE   6 0 22,300
American Software Inc Cl A COM 029683109 923 89,759 SH   SOLE   25 0 89,734
Ametek Inc COM 031100100 1,422 26,300 SH   SOLE   26,300 0 0
Amphenol Corp Cl A COM 032095101 2,735 38,424 SH   SOLE   38,424 0 0
Ani Pharmaceuticals Inc COM 00182c103 783 15,805 SH   SOLE   5 0 15,800
Anika Therapeutics Inc COM 035255108 521 12,002 SH   SOLE   2 0 12,000
AON PLC Cl A COM g0408v102 2,342 19,732 SH   SOLE   19,732 0 0
Apple Inc COM 037833100 2,489 17,326 SH   SOLE   17,326 0 0
Argan Inc COM 04010e109 1,495 22,604 SH   SOLE   47 0 22,557
Ari Network Services Inc COM 001930205 993 191,042 SH   SOLE   42 0 191,000
Armada Hoffler Properties Inc COM 04208t108 1,130 81,374 SH   SOLE   22 0 81,352
Arrow Electronics Inc COM 042735100 1,756 23,925 SH   SOLE   23,925 0 0
AT&T Inc COM 00206r102 811 19,514 SH   SOLE   19,514 0 0
AutoZone Inc COM 053332102 1,464 2,025 SH   SOLE   2,025 0 0
Avid Technology Inc COM 05367p100 985 211,355 SH   SOLE   55 0 211,300
Bank of Marin Bancorp COM 063425102 1,102 17,129 SH   SOLE   5 0 17,124
Bard C R Inc COM 067383109 2,504 10,075 SH   SOLE   10,075 0 0
BioSpecifics Technologies Corp COM 090931106 1,074 19,592 SH   SOLE   6 0 19,586
Blue Cap Reins Holdings Ltd COM g1190f107 869 45,017 SH   SOLE   8 0 45,009
Bryn Mawr Bank Corp COM 117665109 1,107 28,023 SH   SOLE   8 0 28,015
CAE Inc COM 124765108 2,199 143,804 SH   SOLE   143,804 0 0
Canadian Imperial Bank Comm To COM 136069101 2,269 26,322 SH   SOLE   26,322 0 0
CBIZ Inc COM 124805102 1,349 99,552 SH   SOLE   26 0 99,526
Century Communities Inc COM 156504300 1,230 48,411 SH   SOLE   11 0 48,400
Chase Corp COM 16150r104 1,611 16,888 SH   SOLE   5 0 16,883
Chesapeake Utilities Corp COM 165303108 737 10,643 SH   SOLE   3 0 10,640
Chimera Inv Corp COM 16934q208 1,731 85,780 SH   SOLE   85,780 0 0
Cisco Systems Inc COM 17275r102 2,603 77,017 SH   SOLE   77,017 0 0
City Holding Co COM 177835105 881 13,659 SH   SOLE   48 0 13,611
Civista Bancshares Inc COM 178867107 1,286 58,018 SH   SOLE   18 0 58,000
Comcast Corp Cl A COM 20030n101 2,780 73,945 SH   SOLE   73,945 0 0
CPI Card Group Inc COM 12634h101 1,008 240,067 SH   SOLE   58 0 240,009
CRH Medical Corp COM 12626f105 1,312 160,035 SH   SOLE   35 0 160,000
Crown Crafts Inc COM 228309100 992 120,628 SH   SOLE   28 0 120,600
Crown Holdings Inc COM 228368106 2,272 42,902 SH   SOLE   42,902 0 0
Danaher Corp COM 235851102 2,394 27,992 SH   SOLE   27,992 0 0
Deluxe Corp COM 248019101 1,670 23,137 SH   SOLE   23,137 0 0
Diamond Hill Investment Group COM 25264r207 837 4,301 SH   SOLE   1 0 4,300
Discover Financial Services COM 254709108 612 8,953 SH   SOLE   8,953 0 0
Disney Walt Co Disney COM 254687106 2,399 21,154 SH   SOLE   21,154 0 0
Donegal Group Inc Cl A COM 257701201 952 54,013 SH   SOLE   13 0 54,000
Douglas Dynamics Inc COM 25960r105 1,183 38,610 SH   SOLE   10 0 38,600
Ecolab Inc COM 278865100 1,705 13,600 SH   SOLE   13,600 0 0
Elbit Systems Ltd COM m3760d101 1,489 13,104 SH   SOLE   13,104 0 0
Electromed Inc COM 285409108 774 157,030 SH   SOLE   30 0 157,000
EMC Ins Group Inc COM 268664109 931 33,171 SH   SOLE   11 0 33,160
Entercom Communications Corp C COM 293639100 1,315 91,925 SH   SOLE   217 0 91,708
Enterprise Financial Services COM 293712105 1,103 26,007 SH   SOLE   7 0 26,000
ePlus Inc COM 294268107 1,310 9,703 SH   SOLE   3 0 9,700
Equifax Inc COM 294429105 2,405 17,589 SH   SOLE   17,589 0 0
Exelon Corp COM 30161n101 2,391 66,455 SH   SOLE   66,455 0 0
Exxon Mobile Corp COM 30231g102 668 8,145 SH   SOLE   8,145 0 0
F5 Networks Inc COM 315616102 1,533 10,750 SH   SOLE   10,750 0 0
FactSet Research Systems Inc COM 303075105 1,489 9,030 SH   SOLE   9,030 0 0
FedEx Corp COM 31428x106 1,471 7,540 SH   SOLE   7,540 0 0
Ferrari NV COM n3167y103 2,144 28,829 SH   SOLE   28,829 0 0
Fidus Inv Corp COM 316500107 861 49,009 SH   SOLE   9 0 49,000
Financial Instns Inc COM 317585404 1,016 30,835 SH   SOLE   9 0 30,826
Fiserv Inc COM 337738108 2,529 21,932 SH   SOLE   21,932 0 0
Fonar Corp COM 344437405 1,074 61,186 SH   SOLE   20 0 61,166
Fortive Corp COM 34959j108 1,307 21,700 SH   SOLE   21,700 0 0
Gartner Inc COM 366651107 1,794 16,617 SH   SOLE   16,617 0 0
General Dynamics Corp COM 369550108 2,470 13,193 SH   SOLE   13,193 0 0
General Motors Co COM 37045v100 1,671 47,244 SH   SOLE   47,244 0 0
Globalscape Inc Com COM 37940g109 781 199,166 SH   SOLE   41 0 199,125
Golub Cap BDC Inc COM 38173m102 894 44,972 SH   SOLE   173 0 44,799
GP Strategies Corp COM 36225v104 822 32,485 SH   SOLE   10 0 32,475
Gray Television Inc COM 389375106 1,145 78,998 SH   SOLE   17 0 78,981
Great Ajax Corp COM 38983d300 1,133 86,823 SH   SOLE   23 0 86,800
Great Southern Bancorp Inc COM 390905107 899 17,805 SH   SOLE   5 0 17,800
Hackett Group Inc COM 404609109 1,635 83,904 SH   SOLE   21 0 83,883
Hennessy Advisors Inc COM 425885100 950 56,485 SH   SOLE   14 0 56,471
Henry Jack & Assoc Inc COM 426281101 1,594 17,119 SH   SOLE   17,119 0 0
Hingham Inst Savings MA COM 433323102 1,159 6,556 SH   SOLE   2 0 6,554
Honeywell Intl Inc COM 438516106 1,611 12,900 SH   SOLE   12,900 0 0
Ies Holdings Inc COM 44951w106 1,159 64,017 SH   SOLE   17 0 64,000
IHS Markit Ltd COM g47567105 1,400 33,369 SH   SOLE   33,369 0 0
Illinois Tool Works Inc COM 452308109 2,458 18,558 SH   SOLE   18,558 0 0
Ingersoll-Rand PLC COM g47791101 1,529 18,800 SH   SOLE   18,800 0 0
Insteel Industries Inc COM 45774w108 1,121 31,008 SH   SOLE   8 0 31,000
Insurance Holdings Inc COM 91359v107 1,340 54,694 SH   SOLE   169 0 54,525
Itau Unibanco Holding SA Sp AD COM 465562106 2,172 179,917 SH   SOLE   179,917 0 0
Johnson & Johnson COM 478160104 2,532 20,326 SH   SOLE   20,326 0 0
Kadant Inc COM 48282t104 1,407 23,712 SH   SOLE   7 0 23,705
Kforce Inc COM 493732101 1,024 43,108 SH   SOLE   9 0 43,099
Kingstone Cos Inc COM 496719105 1,369 85,828 SH   SOLE   25 0 85,803
Lam Research Corp COM 512807108 2,171 16,912 SH   SOLE   16,912 0 0
Landmark Bancorp Inc COM 51504l107 1,048 35,346 SH   SOLE   9 0 35,337
Lantheus Holdings Inc COM 516544103 1,368 109,428 SH   SOLE   28 0 109,400
Lear Corp COM 521865204 2,698 19,060 SH   SOLE   19,060 0 0
LHC Group Inc COM 50187a107 1,315 24,406 SH   SOLE   6 0 24,400
Magna Intl Inc COM 559222401 1,901 44,040 SH   SOLE   44,040 0 0
MainSource Financial Group Inc COM 56062y102 1,087 33,011 SH   SOLE   11 0 33,000
MasterCard Inc Cl A COM 57636q104 2,858 25,408 SH   SOLE   25,408 0 0
Mcbc Holdings Inc COM 55276f107 1,338 82,718 SH   SOLE   18 0 82,700
Medifast Inc COM 58470h101 1,376 31,008 SH   SOLE   8 0 31,000
Meet Group Inc COM 58513u101 1,314 223,048 SH   SOLE   48 0 223,000
Merck & Co Inc COM 58933y105 1,537 24,183 SH   SOLE   24,183 0 0
Mesa Laboratories Inc COM 59064r109 984 8,020 SH   SOLE   2 0 8,018
Mettler Toledo International COM 592688105 1,611 3,364 SH   SOLE   3,364 0 0
Mobile Telesystems PJSC Sp ADR COM 607409109 1,646 149,200 SH   SOLE   88,300 0 60,900
Monroe Cap Corp COM 610335101 913 58,013 SH   SOLE   13 0 58,000
Moodys Corp COM 615369105 2,316 20,674 SH   SOLE   20,674 0 0
Nanometrics Inc COM 630077105 792 26,000 SH   SOLE   0 0 26,000
Nathans Famous Inc COM 632347100 1,553 24,787 SH   SOLE   7 0 24,780
National Presto Industries Inc COM 637215104 981 9,603 SH   SOLE   3 0 9,600
Natural Health Trends Corp COM 63888p406 1,273 44,065 SH   SOLE   11 0 44,054
Nautilus Inc COM 63910b102 1,077 59,014 SH   SOLE   14 0 59,000
NCI Inc Cl A COM 62886k104 1,089 72,334 SH   SOLE   18 0 72,316
New York Mtg Tr Inc COM 649604501 809 131,137 SH   SOLE   38 0 131,099
Nv5 Global Inc COM 62945v109 1,091 29,026 SH   SOLE   8 0 29,018
Omega Flex Inc COM 682095104 1,087 22,740 SH   SOLE   6 0 22,734
Omega Protein Corp COM 68210p107 1,061 52,914 SH   SOLE   14 0 52,900
Omnicom Group Inc COM 681919106 2,617 30,356 SH   SOLE   30,356 0 0
One Liberty Properties Inc COM 682406103 1,075 46,011 SH   SOLE   11 0 46,000
Oracle Corp COM 68389x105 1,662 37,261 SH   SOLE   37,261 0 0
Orbotech Ltd COM m75253100 1,956 60,652 SH   SOLE   60,652 0 0
Penns Woods Bancorp Inc COM 708430103 742 17,085 SH   SOLE   5 0 17,080
PepsiCo Inc COM 713448108 1,695 15,151 SH   SOLE   15,151 0 0
Perficient Inc COM 71375u101 1,009 58,116 SH   SOLE   16 0 58,100
PetMed Express Inc COM 716382106 936 46,461 SH   SOLE   16 0 46,445
Pfizer Inc COM 717081103 2,274 66,467 SH   SOLE   66,467 0 0
Planet Payment Inc COM u72603118 796 200,039 SH   SOLE   39 0 200,000
Power Financial Corp COM 73927c100 225 8,500 SH   SOLE   8,500 0 0
Public Service Enterprise Grou COM 744573106 1,512 34,101 SH   SOLE   34,101 0 0
Pzena Investment Mgmt Inc Clas COM 74731q103 1,137 115,591 SH   SOLE   31 0 115,560
Quanex Building Products Corp COM 747619104 1,013 50,011 SH   SOLE   11 0 50,000
Quintiles Transnatio Holdings COM 74876y101 2,299 28,549 SH   SOLE   28,549 0 0
Raytheon Co COM 755111507 2,303 15,105 SH   SOLE   15,105 0 0
Reata Pharmaceuticals Inc Cl A COM 75615p103 1,133 50,012 SH   SOLE   12 0 50,000
Resources Connection Inc COM 76122q105 942 56,211 SH   SOLE   11 0 56,200
Roper Technologies Inc COM 776696106 1,576 7,630 SH   SOLE   7,630 0 0
RPX Corp COM 74972g103 1,068 89,018 SH   SOLE   18 0 89,000
S&P Global Inc COM 78409v104 1,752 13,400 SH   SOLE   13,400 0 0
Schein Henry Inc COM 806407102 1,430 8,411 SH   SOLE   8,411 0 0
SciClone Pharmaceuticals Inc COM 80862k104 1,210 123,428 SH   SOLE   28 0 123,400
Scripps Networks Interact Inc COM 811065101 1,154 14,722 SH   SOLE   14,722 0 0
Silicom Ltd COM m84116108 735 14,804 SH   SOLE   4 0 14,800
Simon Property Group Inc COM 828806109 735 4,271 SH   SOLE   4,271 0 0
Span America Med Systems Inc COM 846396109 1,016 48,201 SH   SOLE   10 0 48,191
Spark Energy Inc Cl A COM 846511103 1,294 40,510 SH   SOLE   10 0 40,500
Spectrum Brands Holdings Inc COM 84763r101 2,523 18,151 SH   SOLE   18,151 0 0
Stanley Black & Decker Inc COM 854502101 2,477 18,639 SH   SOLE   18,639 0 0
State Natl Cos Inc COM 85711t305 1,008 70,018 SH   SOLE   18 0 70,000
Stock Yds Bancorp Inc COM 861025104 1,019 25,057 SH   SOLE   7 0 25,050
Stonegate Bank Ft Lauderdale F COM 861811107 1,225 26,007 SH   SOLE   7 0 26,000
Stoneridge Inc COM 86183p102 777 42,853 SH   SOLE   7 0 42,846
Stryker Corp COM 863667101 2,468 18,749 SH   SOLE   18,749 0 0
Sucampo Pharmaceuticals Inc Cl COM 864909106 1,199 109,023 SH   SOLE   23 0 109,000
Supreme Industries Inc Cl A COM 868607102 1,013 50,010 SH   SOLE   10 0 50,000
Synopsys Inc COM 871607107 2,793 38,728 SH   SOLE   38,728 0 0
Texas Instruments Inc COM 882508104 1,754 21,767 SH   SOLE   21,767 0 0
Toronto Dominion Bank Ont COM 891160509 217 4,337 SH   SOLE   4,337 0 0
Transcat Inc COM 893529107 999 78,685 SH   SOLE   21 0 78,664
Trico Bancshares COM 896095106 1,102 31,022 SH   SOLE   10 0 31,012
UGI Corp COM 902681105 1,589 32,157 SH   SOLE   32,157 0 0
UnitedHealth Group Inc COM 91324p102 2,689 16,393 SH   SOLE   16,393 0 0
Unitil Corp COM 913259107 1,036 23,004 SH   SOLE   4 0 23,000
Unity Bancorp Inc COM 913290102 1,187 70,054 SH   SOLE   17 0 70,037
Univest Corp PA COM 915271100 987 38,113 SH   SOLE   13 0 38,100
US Bancorp Del COM 902973304 611 11,867 SH   SOLE   11,867 0 0
US Physical Therapy Inc COM 90337l108 1,127 17,253 SH   SOLE   46 0 17,207
Utah Med Prods Inc COM 917488108 1,030 16,525 SH   SOLE   4 0 16,521
Vantiv Inc Cl A COM 92210h105 2,481 38,686 SH   SOLE   38,686 0 0
Vectrus Inc COM 92242t101 910 40,708 SH   SOLE   8 0 40,700
Verisk Analytics Inc COM 92345y106 2,355 29,027 SH   SOLE   29,027 0 0
Visa Inc Cl A COM 92826c839 1,706 19,201 SH   SOLE   19,201 0 0
Washington Tr Bancorp COM 940610108 1,031 20,905 SH   SOLE   5 0 20,900
Wayside Technology Group Inc COM 946760105 886 47,143 SH   SOLE   10 0 47,133
Wells Fargo & Co COM 949746101 660 11,863 SH   SOLE   11,863 0 0
West Bancorporation Inc Cap St COM 95123p106 1,017 44,322 SH   SOLE   12 0 44,310
Winmark Corp COM 974250102 1,477 13,071 SH   SOLE   4 0 13,067
Xerium Technologies Inc COM 98416j118 851 133,032 SH   SOLE   32 0 133,000
Tripod Technology TWD COM y8974x105 1,296 460,000 SH   SOLE   0 0 460,000
ABB Ltd Sp ADR ADR 000375204 2,222 94,959 SH   SOLE   94,959 0 0
Accenture PLC Ireland Class A ADR g1151c101 12,655 105,562 SH   SOLE   73,832 0 31,730
Advanced Semiconductor Engr Sp ADR 00756m404 855 131,952 SH   SOLE   59,952 0 72,000
Alibaba Group Holding Ltd Sp A ADR 01609w102 1,828 16,952 SH   SOLE   9,935 0 7,017
Ambev SA Sp ADR ADR 02319v103 2,037 353,622 SH   SOLE   353,622 0 0
Amdocs Ltd ADR g02602103 1,458 23,900 SH   SOLE   23,900 0 0
Banco de Chile Sp ADR ADR 059520106 787 10,908 SH   SOLE   1,515 0 9,393
Banco Macro SA Sp ADR B ADR 05961w105 1,361 15,696 SH   SOLE   9,200 0 6,496
Banco Santander Chile Sp ADR ADR 05965x109 553 22,042 SH   SOLE   42 0 22,000
British American Tobacco PLC S ADR 110448107 1,998 30,122 SH   SOLE   30,122 0 0
Broadcom Ltd ADR y09827109 12,119 55,348 SH   SOLE   37,658 0 17,690
Brookfield Asset Mgmt Inc Cl A ADR 112585104 261 7,150 SH   SOLE   7,150 0 0
China Biologic Prods Inc ADR 16938c106 7,012 70,032 SH   SOLE   36,059 0 33,973
Chunghwa Telecom Co Ltd Sp ADR ADR 17133q502 3,282 96,599 SH   SOLE   85,099 0 11,500
Colliers Intl Group Inc ADR 194693107 236 5,000 SH   SOLE   5,000 0 0
Companhia de Saneamento Basico ADR 20441a102 2,854 274,127 SH   SOLE   208,127 0 66,000
Credicorp Ltd ADR g2519y108 1,464 8,963 SH   SOLE   5,250 0 3,713
Delphi Automotive PLC ADR g27823106 9,606 119,346 SH   SOLE   75,006 0 44,340
Descartes Systems Group Inc ADR 249906108 2,194 95,789 SH   SOLE   11,399 0 84,390
Diageo PLC Sp ADR ADR 25243q205 2,101 18,178 SH   SOLE   18,178 0 0
Fly Leasing Ltd Sp ADR ADR 34407d109 1,047 79,818 SH   SOLE   18 0 79,800
Fresenius Med Care AG & Co KGA ADR 358029106 230 5,470 SH   SOLE   5,470 0 0
Globant SA ADR l44385109 950 26,089 SH   SOLE   8 0 26,081
Groupe CGI Inc Cl A ADR 39945c109 3,137 65,451 SH   SOLE   65,451 0 0
HDFC Bank Ltd ADR Reps 3 ADR 40415f101 761 10,120 SH   SOLE   1,640 0 8,480
Icon PLC ADR g4705a100 2,205 27,657 SH   SOLE   27,657 0 0
KB Financial Group Inc Sp ADR ADR 48241a105 245 5,569 SH   SOLE   5,569 0 0
LyondellBasell Industries NV A ADR n53745100 2,108 23,120 SH   SOLE   23,120 0 0
Netease Inc Sp ADR ADR 64110w102 10,960 38,592 SH   SOLE   25,670 0 12,922
Nova Measuring Instruments Ltd ADR m7516k103 2,606 140,189 SH   SOLE   17,818 0 122,371
Novanta Inc ADR 67000b104 1,517 57,138 SH   SOLE   138 0 57,000
NTT Docomo Inc Sp ADR ADR 62942m201 1,813 77,629 SH   SOLE   77,629 0 0
ORIX Corp Sp ADR ADR 686330101 1,456 19,583 SH   SOLE   19,583 0 0
P T Telekomunikasi Indonesia S ADR 715684106 1,412 45,289 SH   SOLE   27,495 0 17,794
Relx NV Sp ADR ADR 75955b102 2,457 132,375 SH   SOLE   132,375 0 0
Royal Bank of Canada Montreal ADR 780087102 1,990 27,296 SH   SOLE   27,296 0 0
Sap SE Sp ADR ADR 803054204 15,357 156,433 SH   SOLE   84,626 0 71,807
Sensata Technologies Holding N ADR n7902x106 8,504 194,737 SH   SOLE   118,437 0 76,300
Silicon Motion Technology Corp ADR 82706c108 4,034 86,286 SH   SOLE   44,968 0 41,318
Taiwan Semiconductor Mfg Ltd S ADR 874039100 6,629 201,852 SH   SOLE   178,007 0 23,845
Tata Motors Ltd Sp ADR ADR 876568502 1,125 31,552 SH   SOLE   14,762 0 16,790
TE Connectivity Ltd Reg ADR h84989104 8,923 119,688 SH   SOLE   101,418 0 18,270
Toyota Motor Corp Sp ADR 2 ADR 892331307 2,857 26,305 SH   SOLE   26,305 0 0
WNS Holdings Ltd Sp ADR ADR 92932m101 1,574 55,003 SH   SOLE   37,003 0 18,000
Xinyuan Real Estate Co Ltd Sp ADR 98417p105 751 170,239 SH   SOLE   239 0 170,000