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 1,188 44,809 SH   SOLE   9 0 44,800
ACNB Corp COM 000868109 915 30,008 SH   SOLE   8 0 30,000
Addus Homecare Corp COM 006739106 1,087 29,208 SH   SOLE   8 0 29,200
Adobe Systems Inc COM 00724f101 1,419 10,030 SH   SOLE   3,330 0 6,700
Allegion Pub Ltd Co COM g0176j109 1,469 18,110 SH   SOLE   6,010 0 12,100
Allied Motion Technologies Inc COM 019330109 1,074 39,457 SH   SOLE   10 0 39,447
Almost Family Inc COM 020409108 1,375 22,306 SH   SOLE   6 0 22,300
American Software Inc Cl A COM 029683109 924 89,759 SH   SOLE   25 0 89,734
Ametek Inc COM 031100100 1,369 22,600 SH   SOLE   7,600 0 15,000
Amphenol Corp Cl A COM 032095101 2,541 34,424 SH   SOLE   19,724 0 14,700
Ani Pharmaceuticals Inc COM 00182c103 1,217 26,005 SH   SOLE   5 0 26,000
Anika Therapeutics Inc COM 035255108 964 19,545 SH   SOLE   5 0 19,540
AON PLC Cl A COM g0408v102 2,358 17,732 SH   SOLE   10,232 0 7,500
Apple Inc COM 037833100 2,455 17,046 SH   SOLE   10,146 0 6,900
Applied Genetic Technology Cor COM 03820j100 439 86,019 SH   SOLE   19 0 86,000
Argan Inc COM 04010e109 1,357 22,609 SH   SOLE   52 0 22,557
Ari Network Services Inc COM 001930205 1,347 191,042 SH   SOLE   42 0 191,000
Arrow Electronics Inc COM 042735100 1,610 20,525 SH   SOLE   7,025 0 13,500
AT&T Inc COM 00206r102 726 19,229 SH   SOLE   19,229 0 0
AV Homes Inc COM 00234p102 982 49,000 SH   SOLE   0 0 49,000
Avid Technology Inc COM 05367p100 1,112 211,355 SH   SOLE   55 0 211,300
B Riley Financial Inc COM 05580m108 1,243 67,013 SH   SOLE   13 0 67,000
Bank of Marin Bancorp COM 063425102 1,054 17,129 SH   SOLE   5 0 17,124
BioSpecifics Technologies Corp COM 090931106 970 19,592 SH   SOLE   6 0 19,586
Blue Cap Reins Holdings Ltd COM g1190f107 879 48,017 SH   SOLE   8 0 48,009
Boeing Co COM 097023105 1,427 7,218 SH   SOLE   2,418 0 4,800
Bryn Mawr Bank Corp COM 117665109 1,191 28,023 SH   SOLE   8 0 28,015
CAE Inc COM 124765108 2,479 143,804 SH   SOLE   143,804 0 0
Canadian Imperial Bank Comm To COM 136069101 2,136 26,322 SH   SOLE   26,322 0 0
CBIZ Inc COM 124805102 1,493 99,552 SH   SOLE   26 0 99,526
Century Communities Inc COM 156504300 1,201 48,411 SH   SOLE   11 0 48,400
Chase Corp COM 16150r104 1,556 14,587 SH   SOLE   4 0 14,583
Cisco Systems Inc COM 17275r102 2,173 69,420 SH   SOLE   41,020 0 28,400
City Holding Co COM 177835105 834 12,656 SH   SOLE   45 0 12,611
Civista Bancshares Inc COM 178867107 1,211 58,018 SH   SOLE   18 0 58,000
Comcast Corp Cl A COM 20030n101 2,407 61,846 SH   SOLE   34,646 0 27,200
Consolidated Tomoka Land Co COM 210226106 1,253 22,005 SH   SOLE   5 0 22,000
CRH Medical Corp COM 12626f105 872 153,035 SH   SOLE   35 0 153,000
Crown Crafts Inc COM 228309100 838 120,628 SH   SOLE   28 0 120,600
Crown Holdings Inc COM 228368106 2,315 38,802 SH   SOLE   23,102 0 15,700
Danaher Corp COM 235851102 2,134 25,292 SH   SOLE   14,892 0 10,400
Diamond Hill Investment Group COM 25264r207 858 4,301 SH   SOLE   1 0 4,300
Discover Financial Services COM 254709108 551 8,863 SH   SOLE   8,863 0 0
Disney Walt Co Disney COM 254687106 1,911 17,984 SH   SOLE   10,484 0 7,500
Donegal Group Inc Cl A COM 257701201 859 54,013 SH   SOLE   13 0 54,000
Douglas Dynamics Inc COM 25960r105 1,270 38,610 SH   SOLE   10 0 38,600
Eastman Chem Co COM 277432100 1,050 12,501 SH   SOLE   1,401 0 11,100
Ecolab Inc COM 278865100 1,540 11,600 SH   SOLE   3,900 0 7,700
Ellington Residential Mtg REIT COM 288578107 1,202 82,019 SH   SOLE   19 0 82,000
EMC Ins Group Inc COM 268664109 921 33,171 SH   SOLE   11 0 33,160
Entercom Communications Corp C COM 293639100 1,022 98,730 SH   SOLE   22 0 98,708
Enterprise Financial Services COM 293712105 1,061 26,007 SH   SOLE   7 0 26,000
ePlus Inc COM 294268107 1,290 17,405 SH   SOLE   5 0 17,400
Equifax Inc COM 294429105 2,170 15,789 SH   SOLE   9,189 0 6,600
Exelon Corp COM 30161n101 2,166 60,058 SH   SOLE   36,258 0 23,800
Exxon Mobile Corp COM 30231g102 746 9,235 SH   SOLE   9,235 0 0
F5 Networks Inc COM 315616102 1,175 9,250 SH   SOLE   3,050 0 6,200
Facebook Inc Cl A COM 30303m102 2,216 14,676 SH   SOLE   8,576 0 6,100
FedEx Corp COM 31428x106 2,300 10,585 SH   SOLE   6,285 0 4,300
Fidus Inv Corp COM 316500107 993 59,016 SH   SOLE   16 0 59,000
Financial Instns Inc COM 317585404 919 30,835 SH   SOLE   9 0 30,826
Fiserv Inc COM 337738108 2,414 19,732 SH   SOLE   11,632 0 8,100
Fonar Corp COM 344437405 1,615 58,181 SH   SOLE   15 0 58,166
Fortive Corp COM 34959j108 1,181 18,650 SH   SOLE   6,250 0 12,400
Gartner Inc COM 366651107 1,536 12,436 SH   SOLE   4,136 0 8,300
General Dynamics Corp COM 369550108 2,210 11,158 SH   SOLE   6,558 0 4,600
Globalscape Inc Com COM 37940g109 1,159 219,166 SH   SOLE   41 0 219,125
Goldfield Corp COM 381370105 1,051 191,021 SH   SOLE   21 0 191,000
GP Strategies Corp COM 36225v104 858 32,485 SH   SOLE   10 0 32,475
Gray Television Inc COM 389375106 1,082 78,998 SH   SOLE   17 0 78,981
Great Ajax Corp COM 38983d300 1,214 86,824 SH   SOLE   24 0 86,800
Great Southern Bancorp Inc COM 390905107 953 17,805 SH   SOLE   5 0 17,800
Hackett Group Inc COM 404609109 1,301 83,904 SH   SOLE   21 0 83,883
Hawkins Inc COM 420261109 788 17,000 SH   SOLE   0 0 17,000
Hennessy Advisors Inc COM 425885100 918 60,485 SH   SOLE   14 0 60,471
Hingham Inst Savings MA COM 433323102 1,193 6,556 SH   SOLE   2 0 6,554
Honeywell Intl Inc COM 438516106 1,453 10,900 SH   SOLE   3,700 0 7,200
Ichor Holdings COM g4740b105 1,028 51,007 SH   SOLE   7 0 51,000
IHS Markit Ltd COM g47567105 1,254 28,470 SH   SOLE   9,470 0 19,000
Illinois Tool Works Inc COM 452308109 2,306 16,098 SH   SOLE   9,248 0 6,850
Ingersoll-Rand PLC COM g47791101 1,554 17,001 SH   SOLE   5,501 0 11,500
Insteel Industries Inc COM 45774w108 1,022 31,008 SH   SOLE   8 0 31,000
Insurance Holdings Inc COM 91359v107 1,378 54,698 SH   SOLE   173 0 54,525
Itau Unibanco Holding SA Sp AD COM 465562106 2,368 214,327 SH   SOLE   214,327 0 0
Johnson & Johnson COM 478160104 2,358 17,821 SH   SOLE   10,521 0 7,300
Kadant Inc COM 48282t104 1,505 20,010 SH   SOLE   5 0 20,005
Kforce Inc COM 493732101 845 43,108 SH   SOLE   9 0 43,099
Kingstone Cos Inc COM 496719105 1,313 85,828 SH   SOLE   25 0 85,803
Lam Research Corp COM 512807108 2,349 16,606 SH   SOLE   9,606 0 7,000
Landmark Bancorp Inc COM 51504l107 1,060 35,347 SH   SOLE   10 0 35,337
Lantheus Holdings Inc COM 516544103 1,448 82,028 SH   SOLE   28 0 82,000
Lear Corp COM 521865204 2,424 17,060 SH   SOLE   9,760 0 7,300
LHC Group Inc COM 50187a107 1,372 20,206 SH   SOLE   6 0 20,200
Magna Intl Inc COM 559222401 2,040 44,041 SH   SOLE   44,041 0 0
MainSource Financial Group Inc COM 56062y102 1,106 33,011 SH   SOLE   11 0 33,000
MasterCard Inc Cl A COM 57636q104 2,561 21,088 SH   SOLE   12,288 0 8,800
Mcbc Holdings Inc COM 55276f107 1,617 82,718 SH   SOLE   18 0 82,700
Medifast Inc COM 58470h101 1,286 31,008 SH   SOLE   8 0 31,000
Meet Group Inc COM 58513u101 1,126 223,048 SH   SOLE   48 0 223,000
Merck & Co Inc COM 58933y105 1,326 20,684 SH   SOLE   6,984 0 13,700
Mesa Laboratories Inc COM 59064r109 1,149 8,020 SH   SOLE   2 0 8,018
Mettler Toledo International COM 592688105 2,604 4,425 SH   SOLE   2,525 0 1,900
Monroe Cap Corp COM 610335101 1,005 66,013 SH   SOLE   13 0 66,000
Moodys Corp COM 615369105 2,370 19,474 SH   SOLE   11,674 0 7,800
Nanometrics Inc COM 630077105 860 34,007 SH   SOLE   7 0 34,000
Nathans Famous Inc COM 632347100 1,436 22,787 SH   SOLE   7 0 22,780
National Presto Industries Inc COM 637215104 1,061 9,603 SH   SOLE   3 0 9,600
Natural Health Trends Corp COM 63888p406 1,227 44,066 SH   SOLE   12 0 44,054
New York Mtg Tr Inc COM 649604501 816 131,138 SH   SOLE   39 0 131,099
Nv5 Global Inc COM 62945v109 1,234 29,026 SH   SOLE   8 0 29,018
Omega Flex Inc COM 682095104 1,400 21,740 SH   SOLE   6 0 21,734
Omega Protein Corp COM 68210p107 947 52,914 SH   SOLE   14 0 52,900
Omnicom Group Inc COM 681919106 2,130 25,696 SH   SOLE   14,296 0 11,400
One Liberty Properties Inc COM 682406103 1,078 46,012 SH   SOLE   12 0 46,000
Oracle Corp COM 68389x105 1,598 31,861 SH   SOLE   10,661 0 21,200
Penns Woods Bancorp Inc COM 708430103 704 17,085 SH   SOLE   5 0 17,080
PepsiCo Inc COM 713448108 2,319 20,080 SH   SOLE   11,580 0 8,500
Perficient Inc COM 71375u101 1,083 58,116 SH   SOLE   16 0 58,100
PetMed Express Inc COM 716382106 1,460 35,957 SH   SOLE   12 0 35,945
Pfizer Inc COM 717081103 2,061 61,370 SH   SOLE   36,870 0 24,500
PPG Industries Inc COM 693506107 1,440 13,100 SH   SOLE   4,300 0 8,800
Priceline Group Inc COM 741503403 1,425 762 SH   SOLE   252 0 510
Psychemedics Corp COM 744375205 1,423 57,015 SH   SOLE   15 0 57,000
Quanex Building Products Corp COM 747619104 1,058 50,011 SH   SOLE   11 0 50,000
Quintiles Transnatio Holdings COM 74876y101 2,296 25,649 SH   SOLE   14,349 0 11,300
RadNet Inc COM 750491102 961 124,014 SH   SOLE   14 0 124,000
Raytheon Co COM 755111507 2,181 13,505 SH   SOLE   8,005 0 5,500
Roper Technologies Inc COM 776696106 1,498 6,470 SH   SOLE   2,170 0 4,300
RPX Corp COM 74972g103 1,242 89,018 SH   SOLE   18 0 89,000
S&P Global Inc COM 78409v104 1,752 12,000 SH   SOLE   3,900 0 8,100
Schein Henry Inc COM 806407102 1,320 7,210 SH   SOLE   2,410 0 4,800
Scripps Networks Interact Inc COM 811065101 822 12,027 SH   SOLE   1,427 0 10,600
Silicom Ltd COM m84116108 657 14,804 SH   SOLE   4 0 14,800
Sirius XM Holdings Inc COM 82968b103 2,351 429,884 SH   SOLE   253,884 0 176,000
Spark Energy Inc Cl A COM 846511103 1,429 76,021 SH   SOLE   21 0 76,000
Spectrum Brands Holdings Inc COM 84763r101 805 6,442 SH   SOLE   6,442 0 0
Stanley Black & Decker Inc COM 854502101 2,356 16,740 SH   SOLE   9,840 0 6,900
State Natl Cos Inc COM 85711t305 1,287 70,018 SH   SOLE   18 0 70,000
Stock Yds Bancorp Inc COM 861025104 916 23,557 SH   SOLE   7 0 23,550
Stonegate Bank Ft Lauderdale F COM 861811107 1,201 26,007 SH   SOLE   7 0 26,000
Stoneridge Inc COM 86183p102 969 62,859 SH   SOLE   13 0 62,846
Stryker Corp COM 863667101 2,248 16,199 SH   SOLE   8,599 0 7,600
Sucampo Pharmaceuticals Inc Cl COM 864909106 1,449 138,032 SH   SOLE   32 0 138,000
Supreme Industries Inc Cl A COM 868607102 823 50,010 SH   SOLE   10 0 50,000
Synopsys Inc COM 871607107 2,540 34,828 SH   SOLE   20,428 0 14,400
Texas Instruments Inc COM 882508104 1,428 18,567 SH   SOLE   6,267 0 12,300
Thermo Fisher Scientific Inc COM 883556102 1,464 8,390 SH   SOLE   2,790 0 5,600
Transcat Inc COM 893529107 956 78,685 SH   SOLE   21 0 78,664
Trico Bancshares COM 896095106 1,090 31,022 SH   SOLE   10 0 31,012
UGI Corp COM 902681105 1,334 27,557 SH   SOLE   9,257 0 18,300
UnitedHealth Group Inc COM 91324p102 2,632 14,193 SH   SOLE   7,893 0 6,300
Unitil Corp COM 913259107 1,111 23,004 SH   SOLE   4 0 23,000
Unity Bancorp Inc COM 913290102 1,205 70,054 SH   SOLE   17 0 70,037
Univest Corp PA COM 915271100 1,141 38,113 SH   SOLE   13 0 38,100
US Bancorp Del COM 902973304 606 11,668 SH   SOLE   11,668 0 0
US Physical Therapy Inc COM 90337l108 1,041 17,227 SH   SOLE   20 0 17,207
Utah Med Prods Inc COM 917488108 1,196 16,525 SH   SOLE   4 0 16,521
Vantiv Inc Cl A COM 92210h105 1,433 22,629 SH   SOLE   7,629 0 15,000
Vectrus Inc COM 92242t101 1,316 40,708 SH   SOLE   8 0 40,700
Verisk Analytics Inc COM 92345y106 2,204 26,127 SH   SOLE   15,427 0 10,700
Visa Inc Cl A COM 92826c839 1,496 15,951 SH   SOLE   5,051 0 10,900
VSE Corp COM 918284100 855 19,000 SH   SOLE   0 0 19,000
Washington Tr Bancorp COM 940610108 1,078 20,905 SH   SOLE   5 0 20,900
Wayside Technology Group Inc COM 946760105 1,266 65,449 SH   SOLE   16 0 65,433
Wells Fargo & Co COM 949746101 647 11,675 SH   SOLE   11,675 0 0
West Bancorporation Inc Cap St COM 95123p106 1,048 44,322 SH   SOLE   12 0 44,310
Whitehorse Fin Inc COM 96524v106 1,097 82,021 SH   SOLE   21 0 82,000
Willdan Group Inc COM 96924n100 947 31,005 SH   SOLE   5 0 31,000
Winmark Corp COM 974250102 1,685 13,071 SH   SOLE   4 0 13,067
Wyndham Worldwide Corp COM 98310w108 1,607 16,000 SH   SOLE   5,300 0 10,700
Xerium Technologies Inc COM 98416j118 956 133,032 SH   SOLE   32 0 133,000
ABB Ltd Sp ADR ADR 000375204 2,192 88,025 SH   SOLE   88,025 0 0
Accenture PLC Ireland Class A ADR g1151c101 4,460 36,058 SH   SOLE   28,358 0 7,700
Advanced Semiconductor Engr Sp ADR 00756m404 676 107,182 SH   SOLE   59,952 0 47,230
Alibaba Group Holding Ltd Sp A ADR 01609w102 10,219 72,526 SH   SOLE   57,479 0 15,047
AstraZeneca PLC Sp ADR ADR 046353108 269 7,900 SH   SOLE   7,900 0 0
Banco de Chile Sp ADR ADR 059520106 556 7,129 SH   SOLE   3,141 0 3,988
Banco Macro SA Sp ADR B ADR 05961w105 1,261 13,676 SH   SOLE   10,410 0 3,266
Banco Santander Chile Sp ADR ADR 05965x109 317 12,480 SH   SOLE   40 0 12,440
British American Tobacco PLC S ADR 110448107 2,064 30,118 SH   SOLE   30,118 0 0
Broadcom Ltd ADR y09827109 3,322 14,253 SH   SOLE   10,253 0 4,000
Brookfield Asset Mgmt Inc Cl A ADR 112585104 280 7,150 SH   SOLE   7,150 0 0
Check Point Software Tech Ltd ADR m22465104 2,234 20,478 SH   SOLE   20,478 0 0
China Biologic Prods Inc ADR 16938c106 7,682 67,922 SH   SOLE   36,039 0 31,883
Chunghwa Telecom Co Ltd Sp ADR ADR 17133q502 1,747 49,589 SH   SOLE   41,009 0 8,580
Colliers Intl Group Inc ADR 194693107 282 5,000 SH   SOLE   5,000 0 0
Companhia de Saneamento Basico ADR 20441a102 2,126 223,296 SH   SOLE   192,146 0 31,150
Credicorp Ltd ADR g2519y108 1,430 7,973 SH   SOLE   6,170 0 1,803
Delphi Automotive PLC ADR g27823106 3,404 38,841 SH   SOLE   27,841 0 11,000
Descartes Systems Group Inc ADR 249906108 2,332 95,789 SH   SOLE   11,399 0 84,390
Diageo PLC Sp ADR ADR 25243q205 2,178 18,176 SH   SOLE   18,176 0 0
Everest Reinsurance Group Ltd ADR g3223r108 1,469 5,770 SH   SOLE   1,870 0 3,900
Fresenius Med Care AG & Co KGA ADR 358029106 2,238 46,315 SH   SOLE   46,315 0 0
Globant SA ADR l44385109 1,133 26,089 SH   SOLE   8 0 26,081
Groupe CGI Inc Cl A ADR 39945c109 2,639 51,683 SH   SOLE   51,683 0 0
HDFC Bank Ltd ADR Reps 3 ADR 40415f101 765 8,800 SH   SOLE   2,780 0 6,020
Icon PLC ADR g4705a100 2,275 23,264 SH   SOLE   23,264 0 0
Infosys Ltd Sp ADR ADR 456788108 530 35,284 SH   SOLE   15,924 0 19,360
ING Groep NV Sp ADR ADR 456837103 249 14,300 SH   SOLE   14,300 0 0
KB Financial Group Inc Sp ADR ADR 48241a105 281 5,561 SH   SOLE   5,561 0 0
KT Corp Sp ADR ADR 48268k101 1,958 117,675 SH   SOLE   87,515 0 30,160
LyondellBasell Industries NV A ADR n53745100 1,951 23,120 SH   SOLE   23,120 0 0
Netease Inc Sp ADR ADR 64110w102 11,376 37,842 SH   SOLE   26,290 0 11,552
Nova Measuring Instruments Ltd ADR m7516k103 2,076 93,989 SH   SOLE   11,818 0 82,171
Novanta Inc ADR 67000b104 1,551 43,089 SH   SOLE   89 0 43,000
NTT Docomo Inc Sp ADR ADR 62942m201 1,836 77,629 SH   SOLE   77,629 0 0
P T Telekomunikasi Indonesia S ADR 715684106 1,407 41,779 SH   SOLE   32,725 0 9,054
Relx NV Sp ADR ADR 75955b102 2,737 132,331 SH   SOLE   132,331 0 0
Royal Bank of Canada Montreal ADR 780087102 1,980 27,297 SH   SOLE   27,297 0 0
Sap SE Sp ADR ADR 803054204 17,272 165,011 SH   SOLE   75,124 0 89,887
Silicon Motion Technology Corp ADR 82706c108 2,628 54,480 SH   SOLE   30,180 0 24,300
Taiwan Semiconductor Mfg Ltd S ADR 874039100 8,604 246,111 SH   SOLE   154,656 0 91,455
Tata Motors Ltd Sp ADR ADR 876568502 1,007 30,505 SH   SOLE   18,305 0 12,200
TE Connectivity Ltd Reg ADR h84989104 3,638 46,235 SH   SOLE   33,935 0 12,300
Toyota Motor Corp Sp ADR 2 ADR 892331307 2,758 26,261 SH   SOLE   26,261 0 0
WNS Holdings Ltd Sp ADR ADR 92932m101 1,460 42,501 SH   SOLE   33,421 0 9,080
Xinyuan Real Estate Co Ltd Sp ADR 98417p105 881 170,045 SH   SOLE   45 0 170,000
Jernigan Cap Inc COM 476405105 1,276 58,011 SH   SOLE   11 0 58,000