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
ACNB Corp COM 000868109 831 30,008 SH   SOLE   8 0 30,000
Addus Homecare Corp COM 006739106 1,306 37,008 SH   SOLE   8 0 37,000
Adobe Systems Inc COM 00724f101 1,496 10,030 SH   SOLE   3,330 0 6,700
AerCap Holdings NV COM n00985106 1,528 29,900 SH   SOLE   9,900 0 20,000
Allegion Pub Ltd Co COM g0176j109 1,567 18,123 SH   SOLE   6,023 0 12,100
Allied Motion Technologies Inc COM 019330109 546 21,550 SH   SOLE   10 0 21,540
Almost Family Inc COM 020409108 1,090 20,306 SH   SOLE   6 0 20,300
Ametek Inc COM 031100100 1,493 22,600 SH   SOLE   7,600 0 15,000
Amphenol Corp Cl A COM 032095101 3,006 35,521 SH   SOLE   20,821 0 14,700
Ani Pharmaceuticals Inc COM 00182c103 1,523 29,007 SH   SOLE   7 0 29,000
Anika Therapeutics Inc COM 035255108 1,134 19,545 SH   SOLE   5 0 19,540
AON PLC Cl A COM g0408v102 2,674 18,304 SH   SOLE   10,804 0 7,500
Apple Inc COM 037833100 2,724 17,671 SH   SOLE   10,771 0 6,900
Argan Inc COM 04010e109 1,520 22,609 SH   SOLE   52 0 22,557
Arrow Electronics Inc COM 042735100 1,646 20,474 SH   SOLE   6,974 0 13,500
AT&T Inc COM 00206r102 820 20,942 SH   SOLE   20,942 0 0
AV Homes Inc COM 00234p102 995 58,015 SH   SOLE   15 0 58,000
Axcelis Technologies Inc COM 054540208 1,340 49,007 SH   SOLE   7 0 49,000
B Riley Financial Inc COM 05580m108 1,467 86,021 SH   SOLE   21 0 86,000
Bank of Marin Bancorp COM 063425102 1,173 17,129 SH   SOLE   5 0 17,124
BioSpecifics Technologies Corp COM 090931106 1,051 22,592 SH   SOLE   6 0 22,586
Blue Cap Reins Holdings Ltd COM g1190f107 905 55,017 SH   SOLE   8 0 55,009
Boeing Co COM 097023105 1,833 7,211 SH   SOLE   2,411 0 4,800
Bryn Mawr Bank Corp COM 117665109 1,227 28,023 SH   SOLE   8 0 28,015
Cadence Design System Inc COM 127387108 1,196 30,300 SH   SOLE   3,300 0 27,000
CAE Inc COM 124765108 2,477 141,315 SH   SOLE   141,315 0 0
Canadian Imperial Bank Comm To COM 136069101 1,970 22,504 SH   SOLE   22,504 0 0
Canadian National Railway Co COM 136375102 2,065 24,928 SH   SOLE   24,928 0 0
CBIZ Inc COM 124805102 1,621 99,741 SH   SOLE   215 0 99,526
CDW Corp COM 12514g108 1,115 16,900 SH   SOLE   1,900 0 15,000
CenterPoint Energy Inc COM 15189t107 2,398 82,109 SH   SOLE   47,109 0 35,000
Century Communities Inc COM 156504300 1,196 48,411 SH   SOLE   11 0 48,400
Chase Corp COM 16150r104 1,447 12,987 SH   SOLE   4 0 12,983
Cisco Systems Inc COM 17275r102 2,414 71,772 SH   SOLE   43,372 0 28,400
City Holding Co COM 177835105 910 12,658 SH   SOLE   47 0 12,611
Civista Bancshares Inc COM 178867107 1,296 58,018 SH   SOLE   18 0 58,000
Cohu Inc COM 192576106 1,359 57,013 SH   SOLE   13 0 57,000
Comcast Corp Cl A COM 20030n101 2,452 63,722 SH   SOLE   36,522 0 27,200
Consolidated Tomoka Land Co COM 210226106 1,562 26,007 SH   SOLE   7 0 26,000
Control4 Corp COM 21240d107 972 33,008 SH   SOLE   8 0 33,000
CRA Intl Inc COM 12618t105 985 24,006 SH   SOLE   6 0 24,000
Crown Holdings Inc COM 228368106 2,398 40,150 SH   SOLE   24,450 0 15,700
Danaher Corp COM 235851102 2,243 26,142 SH   SOLE   15,742 0 10,400
Data I O Corp COM 237690102 1,195 120,023 SH   SOLE   23 0 120,000
Diamond Hill Investment Group COM 25264r207 977 4,601 SH   SOLE   1 0 4,600
Discover Financial Services COM 254709108 623 9,664 SH   SOLE   9,664 0 0
Disney Walt Co Disney COM 254687106 1,825 18,511 SH   SOLE   11,011 0 7,500
DLH Holdings Corp COM 23335q100 1,037 160,038 SH   SOLE   38 0 160,000
Douglas Dynamics Inc COM 25960r105 1,222 31,011 SH   SOLE   11 0 31,000
Eastman Chem Co COM 277432100 1,511 16,701 SH   SOLE   5,601 0 11,100
Ecolab Inc COM 278865100 1,485 11,550 SH   SOLE   3,850 0 7,700
Ellington Residential Mtg REIT COM 288578107 1,307 90,020 SH   SOLE   20 0 90,000
EMC Ins Group Inc COM 268664109 934 33,171 SH   SOLE   11 0 33,160
Enterprise Financial Services COM 293712105 1,017 24,007 SH   SOLE   7 0 24,000
ePlus Inc COM 294268107 1,612 17,437 SH   SOLE   37 0 17,400
Exelon Corp COM 30161n101 2,343 62,192 SH   SOLE   38,392 0 23,800
Exxon Mobile Corp COM 30231g102 825 10,061 SH   SOLE   10,061 0 0
Facebook Inc Cl A COM 30303m102 2,593 15,173 SH   SOLE   9,073 0 6,100
Federal Agric Mtg Corp Cl C COM 313148306 1,310 18,004 SH   SOLE   4 0 18,000
FedEx Corp COM 31428x106 2,472 10,960 SH   SOLE   6,660 0 4,300
Fidus Inv Corp COM 316500107 949 59,016 SH   SOLE   16 0 59,000
Fiserv Inc COM 337738108 2,632 20,407 SH   SOLE   12,307 0 8,100
Fonar Corp COM 344437405 1,653 54,181 SH   SOLE   15 0 54,166
Fortive Corp COM 34959j108 1,320 18,650 SH   SOLE   6,250 0 12,400
FS Bancorp Inc COM 30263y104 1,085 21,004 SH   SOLE   4 0 21,000
Gartner Inc COM 366651107 1,547 12,436 SH   SOLE   4,136 0 8,300
General Dynamics Corp COM 369550108 2,370 11,530 SH   SOLE   6,930 0 4,600
Globalscape Inc Com COM 37940g109 954 249,166 SH   SOLE   41 0 249,125
Goldfield Corp COM 381370105 1,342 213,050 SH   SOLE   50 0 213,000
GP Strategies Corp COM 36225v104 1,002 32,485 SH   SOLE   10 0 32,475
Gray Television Inc COM 389375106 1,240 78,998 SH   SOLE   17 0 78,981
Great Ajax Corp COM 38983d300 1,223 86,825 SH   SOLE   25 0 86,800
Great Southern Bancorp Inc COM 390905107 991 17,805 SH   SOLE   5 0 17,800
Hackett Group Inc COM 404609109 1,411 92,904 SH   SOLE   21 0 92,883
Handy & Harman Ltd COM 410315105 1,172 36,009 SH   SOLE   9 0 36,000
Hemisphere Media Group Inc Cl COM 42365q103 939 78,537 SH   SOLE   21 0 78,516
Hennessy Advisors Inc COM 425885100 996 64,485 SH   SOLE   14 0 64,471
Heska Corp Restricted COM 42805e306 881 10,003 SH   SOLE   3 0 10,000
Hingham Inst Savings MA COM 433323102 1,247 6,556 SH   SOLE   2 0 6,554
Home Bancshares Inc COM 436893200 1,270 50,377 SH   SOLE   14 0 50,362
Honeywell Intl Inc COM 438516106 1,545 10,900 SH   SOLE   3,700 0 7,200
Hooker Furniture Corp COM 439038100 1,098 23,005 SH   SOLE   5 0 23,000
Hudson Technologies Inc COM 444144109 727 93,024 SH   SOLE   24 0 93,000
Ichor Holdings COM g4740b105 1,769 66,012 SH   SOLE   12 0 66,000
IHS Markit Ltd COM g47567105 1,255 28,470 SH   SOLE   9,470 0 19,000
Illinois Tool Works Inc COM 452308109 2,460 16,623 SH   SOLE   9,773 0 6,850
Ingersoll-Rand PLC COM g47791101 1,516 17,001 SH   SOLE   5,501 0 11,500
Insurance Holdings Inc COM 91359v107 1,328 57,740 SH   SOLE   215 0 57,525
inTEST Corp COM 461147100 830 100,025 SH   SOLE   25 0 100,000
Jernigan Cap Inc COM 476405105 1,316 64,017 SH   SOLE   17 0 64,000
Johnson & Johnson COM 478160104 2,395 18,419 SH   SOLE   11,119 0 7,300
Kadant Inc COM 48282t104 1,459 14,809 SH   SOLE   4 0 14,805
Kforce Inc COM 493732101 931 46,108 SH   SOLE   9 0 46,099
Kingstone Cos Inc COM 496719105 1,334 81,828 SH   SOLE   25 0 81,803
KMG Chemicals Inc COM 482564101 1,098 20,003 SH   SOLE   3 0 20,000
Lam Research Corp COM 512807108 2,957 15,981 SH   SOLE   8,981 0 7,000
Landmark Bancorp Inc COM 51504l107 999 35,347 SH   SOLE   10 0 35,337
Lantheus Holdings Inc COM 516544103 1,193 67,021 SH   SOLE   21 0 67,000
Lear Corp COM 521865204 3,048 17,608 SH   SOLE   10,308 0 7,300
LHC Group Inc COM 50187a107 1,365 19,249 SH   SOLE   49 0 19,200
Magna Intl Inc COM 559222401 1,959 36,695 SH   SOLE   36,695 0 0
MainSource Financial Group Inc COM 56062y102 1,184 33,011 SH   SOLE   11 0 33,000
Malibu Boats Inc Cl A COM 56117j100 1,329 42,010 SH   SOLE   10 0 42,000
Marathon Petroleum Corp COM 56585a102 921 16,421 SH   SOLE   16,421 0 0
MasterCard Inc Cl A COM 57636q104 3,076 21,784 SH   SOLE   12,984 0 8,800
Mcbc Holdings Inc COM 55276f107 1,686 82,718 SH   SOLE   18 0 82,700
Medifast Inc COM 58470h101 1,485 25,007 SH   SOLE   7 0 25,000
Merck & Co Inc COM 58933y105 1,324 20,681 SH   SOLE   6,981 0 13,700
Mesa Laboratories Inc COM 59064r109 1,198 8,020 SH   SOLE   2 0 8,018
Mettler Toledo International COM 592688105 2,583 4,125 SH   SOLE   2,505 0 1,620
Moodys Corp COM 615369105 2,805 20,150 SH   SOLE   12,350 0 7,800
Motorcar Pts America Inc COM 620071100 1,238 42,009 SH   SOLE   9 0 42,000
MSCI Inc COM 55354g100 1,181 10,100 SH   SOLE   1,100 0 9,000
Nanometrics Inc COM 630077105 1,124 39,010 SH   SOLE   10 0 39,000
Nathans Famous Inc COM 632347100 1,337 18,085 SH   SOLE   5 0 18,080
National Presto Industries Inc COM 637215104 1,022 9,603 SH   SOLE   3 0 9,600
Natural Health Trends Corp COM 63888p406 1,268 53,066 SH   SOLE   12 0 53,054
New York Mtg Tr Inc COM 649604501 807 131,140 SH   SOLE   41 0 131,099
Norwood Financial Corp COM 669549107 1,160 38,000 SH   SOLE   0 0 38,000
Nv5 Global Inc COM 62945v109 1,297 23,726 SH   SOLE   8 0 23,718
Omega Flex Inc COM 682095104 1,274 17,740 SH   SOLE   6 0 17,734
Omnicom Group Inc COM 681919106 1,952 26,357 SH   SOLE   14,957 0 11,400
One Liberty Properties Inc COM 682406103 1,121 46,012 SH   SOLE   12 0 46,000
Oracle Corp COM 68389x105 1,540 31,861 SH   SOLE   10,661 0 21,200
Penns Woods Bancorp Inc COM 708430103 794 17,085 SH   SOLE   5 0 17,080
PepsiCo Inc COM 713448108 2,303 20,672 SH   SOLE   12,172 0 8,500
Perficient Inc COM 71375u101 1,281 65,116 SH   SOLE   16 0 65,100
PetMed Express Inc COM 716382106 864 26,052 SH   SOLE   7 0 26,045
Pfizer Inc COM 717081103 2,269 63,559 SH   SOLE   39,059 0 24,500
Pixelworks Inc COM 72581m305 989 210,053 SH   SOLE   53 0 210,000
Priceline Group Inc COM 741503403 1,395 762 SH   SOLE   252 0 510
Psychemedics Corp COM 744375205 854 46,327 SH   SOLE   15 0 46,312
Quanex Building Products Corp COM 747619104 1,148 50,011 SH   SOLE   11 0 50,000
Quintiles Transnatio Holdings COM 74876y101 2,510 26,404 SH   SOLE   15,104 0 11,300
RadNet Inc COM 750491102 1,271 110,036 SH   SOLE   36 0 110,000
Raytheon Co COM 755111507 2,608 13,977 SH   SOLE   8,477 0 5,500
Rex American Resources Corp COM 761624105 967 10,303 SH   SOLE   3 0 10,300
Roper Technologies Inc COM 776696106 1,575 6,470 SH   SOLE   2,170 0 4,300
RPX Corp COM 74972g103 1,182 89,018 SH   SOLE   18 0 89,000
S&P Global Inc COM 78409v104 1,541 9,860 SH   SOLE   3,260 0 6,600
Sempra Energy COM 816851109 1,089 9,543 SH   SOLE   1,043 0 8,500
Silicom Ltd COM m84116108 866 14,804 SH   SOLE   4 0 14,800
Sirius XM Holdings Inc COM 82968b103 2,455 444,785 SH   SOLE   268,785 0 176,000
Spark Energy Inc Cl A COM 846511103 1,140 76,021 SH   SOLE   21 0 76,000
Stanley Black & Decker Inc COM 854502101 2,606 17,265 SH   SOLE   10,365 0 6,900
Stoneridge Inc COM 86183p102 1,245 62,859 SH   SOLE   13 0 62,846
Stryker Corp COM 863667101 2,367 16,664 SH   SOLE   9,064 0 7,600
Sucampo Pharmaceuticals Inc Cl COM 864909106 1,475 125,032 SH   SOLE   32 0 125,000
Synopsys Inc COM 871607107 2,901 36,027 SH   SOLE   21,627 0 14,400
Texas Instruments Inc COM 882508104 1,664 18,561 SH   SOLE   6,261 0 12,300
Thermo Fisher Scientific Inc COM 883556102 1,587 8,390 SH   SOLE   2,790 0 5,600
Timberland Bancorp Inc COM 887098101 987 31,506 SH   SOLE   6 0 31,500
Townsquare Media Inc Cl A COM 892231101 561 56,075 SH   SOLE   0 0 56,075
Transcat Inc COM 893529107 1,274 93,985 SH   SOLE   21 0 93,964
Trico Bancshares COM 896095106 1,264 31,022 SH   SOLE   10 0 31,012
Turning Pt Brands Inc COM 90041l105 1,173 69,000 SH   SOLE   0 0 69,000
UnitedHealth Group Inc COM 91324p102 2,871 14,660 SH   SOLE   8,360 0 6,300
Unitil Corp COM 913259107 1,187 24,004 SH   SOLE   4 0 24,000
Unity Bancorp Inc COM 913290102 1,310 66,153 SH   SOLE   17 0 66,136
Univest Corp PA COM 915271100 1,124 35,110 SH   SOLE   10 0 35,100
US Bancorp Del COM 902973304 682 12,718 SH   SOLE   12,718 0 0
Utah Med Prods Inc COM 917488108 1,215 16,525 SH   SOLE   4 0 16,521
Vantiv Inc Cl A COM 92210h105 1,587 22,527 SH   SOLE   7,527 0 15,000
Vectrus Inc COM 92242t101 1,255 40,708 SH   SOLE   8 0 40,700
Verisk Analytics Inc COM 92345y106 2,240 26,927 SH   SOLE   16,227 0 10,700
Visa Inc Cl A COM 92826c839 1,605 15,251 SH   SOLE   5,051 0 10,200
VSE Corp COM 918284100 1,365 24,006 SH   SOLE   6 0 24,000
Washington Tr Bancorp COM 940610108 1,197 20,905 SH   SOLE   5 0 20,900
Wells Fargo & Co COM 949746101 702 12,726 SH   SOLE   12,726 0 0
West Bancorporation Inc Cap St COM 95123p106 1,081 44,322 SH   SOLE   12 0 44,310
Whitehorse Fin Inc COM 96524v106 1,289 87,379 SH   SOLE   379 0 87,000
Willdan Group Inc COM 96924n100 1,136 35,009 SH   SOLE   9 0 35,000
Winmark Corp COM 974250102 1,656 12,571 SH   SOLE   4 0 12,567
Wyndham Worldwide Corp COM 98310w108 1,687 16,000 SH   SOLE   5,300 0 10,700
ABB Ltd Sp ADR ADR 000375204 2,174 87,818 SH   SOLE   87,818 0 0
Accenture PLC Ireland Class A ADR g1151c101 4,668 34,559 SH   SOLE   26,859 0 7,700
Advanced Semiconductor Engr Sp ADR 00756m404 635 102,705 SH   SOLE   102,705 0 0
Alibaba Group Holding Ltd Sp A ADR 01609w102 12,580 72,838 SH   SOLE   57,338 0 15,500
AstraZeneca PLC Sp ADR ADR 046353108 268 7,900 SH   SOLE   7,900 0 0
Banco de Chile Sp ADR ADR 059520106 953 10,454 SH   SOLE   10,454 0 0
Banco Macro SA Sp ADR B ADR 05961w105 871 7,420 SH   SOLE   7,420 0 0
Broadcom Ltd ADR y09827109 3,416 14,084 SH   SOLE   10,164 0 3,920
CGI Groupe Inc Cl A ADR 39945c109 2,408 46,416 SH   SOLE   46,416 0 0
Check Point Software Tech Ltd ADR m22465104 2,335 20,480 SH   SOLE   20,480 0 0
Chunghwa Telecom Co Ltd Sp ADR ADR 17133q502 1,398 40,980 SH   SOLE   40,980 0 0
Companhia de Saneamento Basico ADR 20441a102 1,829 174,875 SH   SOLE   174,875 0 0
Credicorp Ltd ADR g2519y108 862 4,207 SH   SOLE   4,207 0 0
Delphi Automotive PLC ADR g27823106 3,822 38,843 SH   SOLE   27,843 0 11,000
Descartes Systems Group Inc ADR 249906108 1,006 36,789 SH   SOLE   11,399 0 25,390
Diageo PLC Sp ADR ADR 25243q205 2,402 18,177 SH   SOLE   18,177 0 0
Everest Reinsurance Group Ltd ADR g3223r108 1,318 5,770 SH   SOLE   1,870 0 3,900
Fresenius Med Care AG & Co KGA ADR 358029106 1,997 40,848 SH   SOLE   40,848 0 0
HDFC Bank Ltd ADR Reps 3 ADR 40415f101 239 2,480 SH   SOLE   2,480 0 0
Icon PLC ADR g4705a100 2,415 21,209 SH   SOLE   21,209 0 0
Infosys Ltd Sp ADR ADR 456788108 233 15,943 SH   SOLE   15,943 0 0
ING Groep NV Sp ADR ADR 456837103 263 14,300 SH   SOLE   14,300 0 0
Itau Unibanco Holding SA Sp AD ADR 465562106 2,073 151,316 SH   SOLE   151,316 0 0
KB Financial Group Inc Sp ADR ADR 48241a105 2,215 45,168 SH   SOLE   45,168 0 0
KT Corp Sp ADR ADR 48268k101 923 66,525 SH   SOLE   66,525 0 0
LyondellBasell Industries NV A ADR n53745100 2,290 23,122 SH   SOLE   23,122 0 0
Netease Inc Sp ADR ADR 64110w102 9,026 34,214 SH   SOLE   24,214 0 10,000
Nova Measuring Instruments Ltd ADR m7516k103 1,449 51,531 SH   SOLE   14 0 51,517
P T Telekomunikasi Indonesia S ADR 715684106 794 23,135 SH   SOLE   23,135 0 0
Pernod Ricard SA ADR ADR 714264207 257 9,300 SH   SOLE   9,300 0 0
Relx NV Sp ADR ADR 75955b102 2,489 116,696 SH   SOLE   116,696 0 0
Royal Bank of Canada Montreal ADR 780087102 2,112 27,299 SH   SOLE   27,299 0 0
Sap SE Sp ADR ADR 803054204 17,664 161,092 SH   SOLE   81,805 0 79,287
Silicon Motion Technology Corp ADR 82706c108 823 17,130 SH   SOLE   17,130 0 0
Taiwan Semiconductor Mfg Ltd S ADR 874039100 6,732 179,292 SH   SOLE   150,192 0 29,100
TE Connectivity Ltd Reg ADR h84989104 3,840 46,237 SH   SOLE   33,937 0 12,300
Toyota Motor Corp Sp ADR 2 ADR 892331307 3,130 26,263 SH   SOLE   26,263 0 0
Vale SA ADR ADR 91912e105 1,644 163,247 SH   SOLE   163,247 0 0
Vedanta Ltd Sp ADR ADR 92242y100 7,185 371,120 SH   SOLE   234,360 0 136,760
WNS Holdings Ltd Sp ADR ADR 92932m101 1,184 32,437 SH   SOLE   32,437 0 0
Xinyuan Real Estate Co Ltd Sp ADR 98417p105 966 170,045 SH   SOLE   45 0 170,000
YY Inc ADS Rep Cl A ADR 98426t106 333 3,835 SH   SOLE   3,835 0 0