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
1ST CONSTITUTION BANCORP COM 31986N102 450 19,672 SH   SOLE   19,672 0 0
ADVANCED ENERGY INDS COM 007973100 2,524 43,455 SH   SOLE   43,455 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 507 89,017 SH   SOLE   89,017 0 0
AMERESCO INC CL A 02361E108 311 25,877 SH   SOLE   25,877 0 0
ARK RESTAURANTS CORP COM 040712101 260 10,439 SH   SOLE   10,439 0 0
ARRIS INTL INC SHS G0551A103 1,840 75,278 SH   SOLE   75,278 0 0
BEASLEY BROADCAST GROUP INC CL A 074014101 137 12,256 SH   SOLE   12,256 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 892 23,555 SH   SOLE   23,555 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 1,886 79,895 SH   SOLE   79,895 0 0
CABOT CORP COM 127055101 1,570 25,414 SH   SOLE   25,414 0 0
CELANESE CORP DEL COM SER A 150870103 2,965 26,695 SH   SOLE   26,695 0 0
CHEMOURS CO COM 163851108 1,039 23,430 SH   SOLE   23,430 0 0
COMMUNITY WEST BANCSHARES COM 204157101 174 14,728 SH   SOLE   14,728 0 0
COMPX INTERNATIONAL INC CL A 20563P101 173 13,124 SH   SOLE   13,124 0 0
CRAWFORD & CO CL B 224633107 99 11,485 SH   SOLE   11,485 0 0
CUSTOMERS BANCORP INC COM 23204G100 1,482 52,233 SH   SOLE   52,233 0 0
DELUXE CORP COM 248019101 468 7,062 SH   SOLE   7,062 0 0
DONEGAL GROUP INC CL A 257701201 153 11,248 SH   SOLE   11,248 0 0
DOVER MOTORSPORTS INC COM 260174107 125 55,361 SH   SOLE   55,361 0 0
EMC INS GROUP INC COM 268664109 255 9,192 SH   SOLE   9,192 0 0
ESCALADE INC COM 296056104 166 11,745 SH   SOLE   11,745 0 0
EVOLVING SYS INC COM NEW 30049R209 1,437 504,313 SH   SOLE   504,313 0 0
F M C CORP COM NEW 302491303 2,154 24,140 SH   SOLE   24,140 0 0
FARMERS NATL BANC CORP COM 309627107 175 10,970 SH   SOLE   10,970 0 0
FIDELITY D & D BANCORP INC COM 31609R100 207 3,332 SH   SOLE   3,332 0 0
FONAR CORP COM NEW 344437405 766 28,856 SH   SOLE   28,856 0 0
GENERAC HLDGS INC COM 368736104 749 14,475 SH   SOLE   14,475 0 0
GOODRICH PETE CORP COM PAR 382410843 169 13,628 SH   SOLE   13,628 0 0
GREEN BRICK PARTNERS INC COM 392709101 140 14,247 SH   SOLE   14,247 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 425 17,397 SH   SOLE   17,397 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624Q203 375 37,574 SH   SOLE   37,574 0 0
HELEN OF TROY CORP LTD COM G4388N106 1,265 12,850 SH   SOLE   12,850 0 0
HENNESSY ADVISORS INC COM 425885100 756 43,596 SH   SOLE   43,596 0 0
HOOKER FURNITURE CORP COM 439038100 2,132 45,454 SH   SOLE   45,454 0 0
INGREDION INC COM 457187102 1,751 15,815 SH   SOLE   15,815 0 0
INSIGHT ENTERPRISES INC COM 45765U103 2,296 46,934 SH   SOLE   46,934 0 0
KEMET CORP COM NEW 488360207 1,200 49,685 SH   SOLE   49,685 0 0
KEWAUNEE SCIENTIFIC CORP COM 492854104 507 14,106 SH   SOLE   14,106 0 0
LANNET INC COM 516012101 1,190 87,520 SH   SOLE   87,520 0 0
LGI HOMES INC COM 50187T106 1,533 26,563 SH   SOLE   26,563 0 0
LOUISIANA PAC CORP COM 546347105 2,221 81,605 SH   SOLE   81,605 0 0
M/I HOMES INC COM 55305B101 2,820 106,500 SH   SOLE   106,500 0 0
MASTECH DIGITAL INC COM 57633B100 758 47,110 SH   SOLE   47,110 0 0
MCBC HLDGS INC COM 55276F107 3,095 106,923 SH   SOLE   106,923 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 1,620 24,325 SH   SOLE   24,325 0 0
MICHAELS COS INC COM 59408Q106 772 40,290 SH   SOLE   40,290 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 2,011 147,740 SH   SOLE   147,740 0 0
NORTHERN TECH INTL CORP COM 665809109 280 7,814 SH   SOLE   7,814 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 345 15,090 SH   SOLE   15,090 0 0
OIL DRI CORP AMER COM 677864100 433 10,278 SH   SOLE   10,278 0 0
PARKE BANCORP INC COM 700885106 202 8,541 SH   SOLE   8,541 0 0
PB BANCORP INC COM 70454T100 167 14,686 SH   SOLE   14,686 0 0
PLUMAS BANCORP COM 729273102 2,628 93,181 SH   SOLE   93,181 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 1,405 22,860 SH   SOLE   22,860 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 2,895 33,065 SH   SOLE   33,065 0 0
RICHARDSON ELECTRS LTD COM 763165107 223 22,917 SH   SOLE   22,917 0 0
SB FINL GROUP INC COM 78408D105 878 43,210 SH   SOLE   43,210 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 1,040 38,763 SH   SOLE   38,763 0 0
SYNALLOY CP DEL COM 871565107 852 42,726 SH   SOLE   42,726 0 0
SYNNEX CORP COM 87162W100 3,683 38,165 SH   SOLE   38,165 0 0
TECH DATA CORP COM 878237106 1,422 17,310 SH   SOLE   17,310 0 0
TOWER INTL INC COM 891826109 1,334 41,953 SH   SOLE   41,953 0 0
TRANSCAT INC COM 893529107 379 20,043 SH   SOLE   20,043 0 0
TUPPERWARE BRANDS CORP COM 899896104 1,563 37,910 SH   SOLE   37,910 0 0
TURNING PT BRANDS INC COM 90041L105 738 23,147 SH   SOLE   23,147 0 0
TUTOR PERINI CORP COM 901109108 596 32,320 SH   SOLE   32,320 0 0
ULTRA CLEAN HLDGS INC COM 90385V107 2,578 155,325 SH   SOLE   155,325 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 499 45,391 SH   SOLE   45,391 0 0
UNITED GUARDIAN INC COM 910571108 243 12,685 SH   SOLE   12,685 0 0
VIRCO MFG CO COM 927651109 84 19,030 SH   SOLE   19,030 0 0
WAYSIDE TECHNOLOGY GROUP INC COM 946760105 224 15,945 SH   SOLE   15,945 0 0