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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 245 1,595 SH   DFND 1 1,595 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 44,247 373,231 SH   DFND 1 358,254 0 14,977
ALBANY INTL CORP CL A 012348108 65,995 1,068,742 SH   DFND 1,2 1,068,742 0 0
ALLERGAN PLC SHS G0177J108 69,101 410,609 SH   DFND 1 392,988 0 17,621
ALPHABET INC CAP STK CL A 02079K305 41,607 40,117 SH   DFND 1 38,217 0 1,900
AMERICAN INTL GROUP INC COM NEW 026874784 55,332 1,014,892 SH   DFND 1 971,886 0 43,006
AMERIS BANCORP COM 03076K108 53,356 1,008,622 SH   DFND 1,2 1,008,622 0 0
AON PLC SHS CL A G0408V102 70,899 505,231 SH   DFND 1 489,889 0 15,342
APACHE CORP COM 037411105 2,618 70,082 SH   DFND 1 70,082 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 9,145 224,429 SH   DFND 1 224,429 0 0
APOGEE ENTERPRISES INC COM 037598109 23,028 535,163 SH   DFND 1,2 535,163 0 0
APPLE INC COM 037833100 485 2,916 SH   DFND 1 2,916 0 0
ARES CAP CORP COM 04010L103 16,619 1,047,195 SH   DFND 1 1,047,195 0 0
ARRIS INTL INC SHS G0551A103 18,099 681,196 SH   DFND 1,2 681,196 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 58,907 1,313,426 SH   DFND 1 1,313,426 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 21,085 600,197 SH   DFND 1 600,197 0 0
ASTRONICS CORP COM 046433108 21,485 589,613 SH   DFND 1,2 589,613 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 69,329 1,204,258 SH   DFND 1,2 1,201,968 0 2,290
B RILEY FINL INC COM 05580M108 19,090 978,972 SH   DFND 1 978,972 0 0
BANK AMER CORP COM 060505104 71,768 2,441,929 SH   DFND 1 2,355,331 0 86,598
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 107,591 2,397,293 SH   DFND 1,2 2,397,250 0 43
BANKUNITED INC COM 06652K103 19,626 490,899 SH   DFND 1 490,899 0 0
BANNER CORP COM NEW 06652V208 19,424 350,044 SH   DFND 1 350,044 0 0
BEMIS INC COM 081437105 34,702 811,355 SH   DFND 1,2 811,355 0 0
BIO RAD LABS INC CL A 090572207 53,493 216,030 SH   DFND 1,2 212,387 0 3,643
BLOOMIN BRANDS INC COM 094235108 5,714 234,955 SH   DFND 1 234,955 0 0
BMC STK HLDGS INC COM 05591B109 35,453 1,813,463 SH   DFND 1,2 1,813,463 0 0
BOISE CASCADE CO DEL COM 09739D100 38,040 985,501 SH   DFND 1,2 985,501 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 31,398 1,977,180 SH   DFND 1,2 1,977,180 0 0
CANADIAN NAT RES LTD COM 136385101 30,825 979,492 SH   DFND 1,2 976,966 0 2,526
CARRIZO OIL & GAS INC COM 144577103 98,204 6,137,745 SH   DFND 1,2 6,137,745 0 0
CBS CORP NEW CL B 124857202 32,355 629,606 SH   DFND 1 602,153 0 27,453
CHENIERE ENERGY INC COM NEW 16411R208 60,145 1,125,256 SH   DFND 1 1,090,149 0 35,107
CHEVRON CORP NEW COM 166764100 54,730 479,918 SH   DFND 1 464,417 0 15,501
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 10,926 123,486 SH   DFND 1 122,654 0 832
CIT GROUP INC COM NEW 125581801 167,138 3,245,392 SH   DFND 1,2 3,159,380 0 86,012
CITIGROUP INC COM NEW 172967424 125,084 1,853,092 SH   DFND 1 1,791,267 0 61,825
CNA FINL CORP COM 126117100 16,264 329,568 SH   DFND 1 329,568 0 0
COCA COLA CO COM 191216100 52,193 1,201,780 SH   DFND 1 1,141,426 0 60,354
COHERENT INC COM 192479103 72,263 385,607 SH   DFND 1,2 385,596 0 11
COLONY NORTHSTAR INC CL A COM 19625W104 52,455 9,333,626 SH   DFND 1 9,008,842 0 324,784
COMCAST CORP NEW CL A 20030N101 206 6,041 SH   DFND 1 6,041 0 0
CRAY INC COM NEW 225223304 19,326 933,606 SH   DFND 1 933,606 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 3,093 187,139 SH   DFND 1 187,055 0 84
CVR PARTNERS LP COM 126633106 3,143 967,190 SH   DFND 1 967,190 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 26,583 1,567,412 SH   DFND 1,2 1,567,272 0 140
DECKERS OUTDOOR CORP COM 243537107 11,636 129,245 SH   DFND 1,2 129,245 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 55,877 1,019,464 SH   DFND 1 989,209 0 30,255
DELTA AIR LINES INC DEL COM NEW 247361702 5,663 105,000 SH Call DFND 1 105,000 0 0
DISCOVER FINL SVCS COM 254709108 93,432 1,298,930 SH   DFND 1 1,254,926 0 44,004
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 295 3,075 PRN   DFND 1 3,075 0 0
DOWDUPONT INC COM 26078J100 76,279 1,197,287 SH   DFND 1 1,162,412 0 34,875
EATON CORP PLC SHS G29183103 7,848 98,216 SH   DFND 1 98,216 0 0
EDISON INTL COM 281020107 2,489 39,100 SH   DFND 1 39,100 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 10,539 405,365 SH   DFND 1,2 402,699 0 2,666
ENERSYS COM 29275Y102 49,273 710,292 SH   DFND 1,2 710,292 0 0
ENTEGRIS INC COM 29362U104 38,892 1,117,573 SH   DFND 1 1,117,573 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 22,022 899,607 SH   DFND 1 899,607 0 0
EQT CORP COM 26884L109 131,710 2,772,268 SH   DFND 1,2 2,678,900 0 93,368
ERICSSON ADR B SEK 10 294821608 570 89,072 SH   DFND 1 89,072 0 0
EURONET WORLDWIDE INC COM 298736109 17,863 226,344 SH   DFND 1,2 226,344 0 0
EXXON MOBIL CORP COM 30231G102 466 6,244 SH   DFND 1 6,244 0 0
FIRST DATA CORP COM CL A 32008D106 32 65,000 SH Call DFND 1 65,000 0 0
FIRST DATA CORP COM CL A 32008D106 60,395 3,774,683 SH   DFND 1 3,628,799 0 145,884
FIRST HORIZON NATL CORP COM 320517105 76,303 4,052,178 SH   DFND 1,2 3,959,995 0 92,183
FIRSTENERGY CORP COM 337932107 105,420 3,099,682 SH   DFND 1 3,012,040 0 87,642
FLEX LTD ORD Y2573F102 30,075 1,841,689 SH   DFND 1,2 1,836,341 0 5,348
FREDS INC CL A 356108100 8,915 2,981,459 SH   DFND 1,2 2,981,459 0 0
GENERAL ELECTRIC CO COM 369604103 1,437 106,576 SH   DFND 1 106,576 0 0
GENERAL MTRS CO COM 37045V100 68,441 1,883,344 SH   DFND 1 1,808,291 0 75,053
GILEAD SCIENCES INC COM 375558103 45,100 598,221 SH   DFND 1 579,293 0 18,928
GLATFELTER COM 377316104 57,476 2,799,623 SH   DFND 1,2 2,799,623 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 107,186 2,743,443 SH   DFND 1,2 2,672,695 0 70,748
GLOBUS MED INC CL A 379577208 41,111 825,186 SH   DFND 1,2 825,186 0 0
GP STRATEGIES CORP COM 36225V104 27,256 1,203,337 SH   DFND 1 1,203,337 0 0
GREAT PLAINS ENERGY INC COM 391164100 12,474 392,395 SH   DFND 1 392,395 0 0
HAVERTY FURNITURE INC COM 419596101 12,869 638,638 SH   DFND 1,2 638,638 0 0
HESS CORP COM 42809H107 88,240 1,743,180 SH   DFND 1 1,677,740 0 65,440
HILLTOP HOLDINGS INC COM 432748101 18,220 776,633 SH   DFND 1 776,633 0 0
HOMESTREET INC COM 43785V102 52,239 1,823,337 SH   DFND 1 1,823,337 0 0
HONEYWELL INTL INC COM 438516106 231 1,599 SH   DFND 1 1,599 0 0
HOOKER FURNITURE CORP COM 439038100 52,382 1,427,293 SH   DFND 1 1,427,293 0 0
HOPE BANCORP INC COM 43940T109 28,644 1,574,721 SH   DFND 1 1,574,721 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 19,760 414,521 SH   DFND 1 411,668 0 2,853
ING GROEP N V SPONSORED ADR 456837103 63,436 3,746,982 SH   DFND 1,2 3,655,596 0 91,386
INGERSOLL-RAND PLC SHS G47791101 56,569 661,546 SH   DFND 1 639,303 0 22,243
INNOSPEC INC COM 45768S105 18,928 275,915 SH   DFND 1 275,915 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 33,599 1,099,444 SH   DFND 1 1,099,444 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 4,620 38,515 SH   DFND 1 38,515 0 0
ISHARES TR MSCI EAFE ETF 464287465 2,103 30,181 SH   DFND 1 30,181 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 588 4,825 SH   DFND 1 4,825 0 0
ISHARES TR IBOXX INV CP ETF 464287242 287 2,446 SH   DFND 1 2,193 0 253
JPMORGAN CHASE & CO COM 46625H100 127,474 1,159,175 SH   DFND 1 1,123,774 0 35,401
KAISER ALUMINUM CORP COM PAR $0.01 483007704 33,942 336,389 SH   DFND 1 336,389 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 10,541 275,150 SH   DFND 1,2 275,150 0 0
LANDEC CORP COM 514766104 46,279 3,546,255 SH   DFND 1 3,546,255 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 32,005 5,745,967 SH   DFND 1,2 5,745,967 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 1 10,850 PRN   DFND 1 10,850 0 0
LIFE STORAGE INC COM 53223X107 5,379 64,400 SH   DFND 1 64,400 0 0
LIVANOVA PLC SHS G5509L101 37,116 419,394 SH   DFND 1,2 419,355 0 39
LOEWS CORP COM 540424108 36,498 733,923 SH   DFND 1 710,173 0 23,750
LOUISIANA PAC CORP COM 546347105 12,658 439,967 SH   DFND 1 439,967 0 0
LUMENTUM HLDGS INC COM 55024U109 3,077 48,236 SH   DFND 1,2 48,236 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 23,898 583,582 SH   DFND 1,2 581,999 0 1,583
MATERION CORP COM 576690101 22,047 431,871 SH   DFND 1,2 431,871 0 0
MCDERMOTT INTL INC COM 580037109 67,495 11,082,991 SH   DFND 1,2 10,916,326 0 166,665
MEDEQUITIES RLTY TR INC COM 58409L306 6,555 623,698 SH   DFND 1 623,698 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 105,278 1,445,137 SH   DFND 1,2 1,445,087 0 50
METHODE ELECTRS INC COM 591520200 19,129 489,228 SH   DFND 1 489,228 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 11,938 449,800 SH   DFND 1 449,800 0 0
MICRON TECHNOLOGY INC COM 595112103 611 11,725 SH   DFND 1 11,725 0 0
MICROSEMI CORP COM 595137100 4,366 67,465 SH   DFND 1,2 67,465 0 0
MICROSOFT CORP COM 594918104 18,695 204,834 SH   DFND 1 204,834 0 0
MITEL NETWORKS CORP COM 60671Q104 69,231 7,460,258 SH   DFND 1,2 7,460,258 0 0
NATIONAL CINEMEDIA INC COM 635309107 2,652 510,950 SH   DFND 1 510,950 0 0
NEENAH INC COM 640079109 18,862 240,593 SH   DFND 1 240,593 0 0
NEWFIELD EXPL CO COM 651290108 43,602 1,785,493 SH   DFND 1 1,730,754 0 54,739
NEXTERA ENERGY INC UNIT 08/31/2018 65339F846 22,725 311,600 PRN   DFND 1 311,600 0 0
NORDSTROM INC COM 655664100 274 5,657 SH   DFND 1 5,657 0 0
NOVANTA INC COM 67000B104 8,137 156,027 SH   DFND 1 156,027 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 29,675 456,826 SH   DFND 1 440,656 0 16,170
ORACLE CORP COM 68389X105 138,516 3,027,683 SH   DFND 1 2,949,117 0 78,566
PACWEST BANCORP DEL COM 695263103 41,347 834,778 SH   DFND 1,2 834,778 0 0
PDC ENERGY INC COM 69327R101 72,221 1,472,995 SH   DFND 1,2 1,472,995 0 0
PFIZER INC COM 717081103 36,736 1,035,107 SH   DFND 1 1,003,030 0 32,077
PHILIP MORRIS INTL INC COM 718172109 4,187 42,125 SH   DFND 1 42,125 0 0
PHILLIPS 66 COM 718546104 260 2,708 SH   DFND 1 2,708 0 0
PNC FINL SVCS GROUP INC COM 693475105 10,159 67,174 SH   DFND 1 67,174 0 0
POSCO SPONSORED ADR 693483109 16,490 209,130 SH   DFND 1 207,759 0 1,371
POTLATCHDELTIC CORPORATION COM 737630103 11,910 228,821 SH   DFND 1,2 228,821 0 0
QORVO INC COM 74736K101 9,745 138,332 SH   DFND 1,2 138,332 0 0
QORVO INC COM 74736K101 117 27,200 SH Call DFND 1 27,200 0 0
QORVO INC COM 74736K101 26 10,400 SH Call DFND 1 10,400 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 41,213 3,334,414 SH   DFND 1,2 3,334,414 0 0
RAYTHEON CO COM NEW 755111507 70,843 328,249 SH   DFND 1 315,363 0 12,886
REINSURANCE GROUP AMER INC COM NEW 759351604 7,113 46,191 SH   DFND 1,2 46,191 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 13,243 154,459 SH   DFND 1,2 154,459 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 72,789 525,512 SH   DFND 1 506,956 0 18,556
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 22,011 2,974,393 SH   DFND 1,2 2,955,389 0 19,004
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 47,159 719,661 SH   DFND 1,2 717,773 0 1,888
SANFILIPPO JOHN B & SON INC COM 800422107 6,475 111,883 SH   DFND 1,2 111,883 0 0
SANOFI SPONSORED ADR 80105N105 18,113 451,926 SH   DFND 1,2 448,922 0 3,004
SAP SE SPON ADR 803054204 11,465 109,029 SH   DFND 1,2 108,317 0 712
SCHLUMBERGER LTD COM 806857108 28,437 438,974 SH   DFND 1 417,115 0 21,859
SK TELECOM LTD SPONSORED ADR 78440P108 44,051 1,822,567 SH   DFND 1,2 1,817,762 0 4,805
SNAP ON INC COM 833034101 6,458 43,774 SH   DFND 1,2 43,774 0 0
SOUTHWEST AIRLS CO COM 844741108 63,173 1,102,872 SH   DFND 1 1,065,366 0 37,506
SRC ENERGY INC COM 78470V108 41,870 4,440,102 SH   DFND 1 4,440,102 0 0
STATE STR CORP COM 857477103 1,366 13,700 SH   DFND 1 13,700 0 0
STONERIDGE INC COM 86183P102 37,199 1,347,783 SH   DFND 1 1,347,783 0 0
SUNCOR ENERGY INC NEW COM 867224107 51,017 1,477,039 SH   DFND 1 1,415,710 0 61,329
SYNCHRONY FINL COM 87165B103 78,376 2,337,481 SH   DFND 1 2,251,613 0 85,868
TARGET CORP COM 87612E106 45,366 655,772 SH   DFND 1 633,420 0 22,352
TAYLOR MORRISON HOME CORP CL A 87724P106 43,361 1,862,572 SH   DFND 1,2 1,862,494 0 78
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 1,115 72,560 SH   DFND 1 72,560 0 0
TENARIS S A SPONSORED ADR 88031M109 23,588 680,350 SH   DFND 1,2 675,858 0 4,492
TERADYNE INC COM 880770102 44,983 984,097 SH   DFND 1,2 961,551 0 22,546
TEREX CORP NEW COM 880779103 7,910 211,451 SH   DFND 1 211,451 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 3,049 178,402 SH   DFND 1 178,402 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 24,977 277,830 SH   DFND 1,2 277,830 0 0
TIME WARNER INC COM NEW 887317303 18,679 197,497 SH   DFND 1 186,431 0 11,066
TOTAL S A SPONSORED ADR 89151E109 4,969 80,255 SH   DFND 1 80,255 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 51,044 391,531 SH   DFND 1,2 390,466 0 1,065
TRI POINTE GROUP INC COM 87265H109 66,080 4,021,924 SH   DFND 1,2 4,021,783 0 141
TRINITY INDS INC COM 896522109 67,707 2,075,004 SH   DFND 1 1,988,739 0 86,265
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 12,203 1,276,515 SH   DFND 1 1,267,863 0 8,652
UBS GROUP AG SHS H42097107 44,758 2,637,713 SH   DFND 1,2 2,629,904 0 7,809
UNION PAC CORP COM 907818108 65,681 488,590 SH   DFND 1 471,487 0 17,103
UNITEDHEALTH GROUP INC COM 91324P102 276 1,288 SH   DFND 1 1,288 0 0
UNUM GROUP COM 91529Y106 67,876 1,425,664 SH   DFND 1 1,386,455 0 39,209
VERIFONE SYS INC COM 92342Y109 4,371 284,186 SH   DFND 1 284,186 0 0
VIACOM INC NEW CL B 92553P201 55,115 1,774,484 SH   DFND 1 1,712,881 0 61,603
VIASAT INC COM 92552V100 33,762 513,729 SH   DFND 1,2 498,653 0 15,076
WALMART INC COM 931142103 5,066 56,942 SH   DFND 1 56,942 0 0
WELLS FARGO CO NEW COM 949746101 38,718 738,752 SH   DFND 1 710,681 0 28,071
WELLS FARGO CO NEW PERP PFD CNV A 949746804 16,912 13,110 PRN   DFND 1 13,110 0 0
WESTERN ALLIANCE BANCORP COM 957638109 86,698 1,491,963 SH   DFND 1,2 1,491,923 0 40
XL GROUP LTD COM G98294104 5,198 94,067 SH   DFND 1,2 94,067 0 0