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
ADVANCED ENERGY INDUSTRIES COM 007973100 8,146 140,238 SH   SOLE   140,238 0 0
AMERN EQTY INVT LIFE COM 025676206 11,326 314,610 SH   SOLE   314,610 0 0
AMN HEALTHCARE SERVICES INC COM 001744101 9,499 162,103 SH   SOLE   162,103 0 0
ARCBEST CORP COM 03937C105 12,187 266,673 SH   SOLE   266,492 0 181
ARGO GROUP INTL HLDG F COM g0464b107 11,084 190,609 SH   SOLE   190,609 0 0
BERKSHIRE HILLS BANC COM 084680107 10,836 266,904 SH   SOLE   266,904 0 0
BLUCORA INC COM 095229100 16,019 432,956 SH   SOLE   432,956 0 0
BONANZA CREEK ENERGY INC COM 097793400 5,792 152,938 SH   SOLE   152,938 0 0
BRIGGS & STRATTON CO COM 109043109 8,417 477,939 SH   SOLE   477,939 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 9,555 522,430 SH   SOLE   522,034 0 396
CABOT CORP COM 127055101 9,089 147,149 SH   SOLE   147,149 0 0
CADENCE BANCORP COM 12739A100 8,693 301,114 SH   SOLE   301,114 0 0
CALERES INC COM 129500104 8,811 256,199 SH   SOLE   256,199 0 0
CALLON PETROLEUM CO COM 13123x102 9,674 900,749 SH   SOLE   900,749 0 0
CARPENTER TECHNOLOGY COM 144285103 10,814 205,708 SH   SOLE   205,708 0 0
CATHAY BANK COM 149150104 9,481 234,154 SH   SOLE   234,154 0 0
CENTERSTATE BANK CORP COM 15201P109 8,819 295,751 SH   SOLE   295,751 0 0
CUSTOMERS BANCORP COM 23204g100 11,746 413,897 SH   SOLE   413,897 0 0
EMERGENT BIOSOLUTIONS INC COM 29089Q105 5,827 115,402 SH   SOLE   115,402 0 0
EVERCORE INC - A COM 29977A105 11,105 105,307 SH   SOLE   105,270 0 37
FABRINET COM KYG3323L1 7,070 191,654 SH   SOLE   191,654 0 0
FIRST BUSEY CORP COM 319383204 5,257 165,746 SH   SOLE   165,746 0 0
FULTON FINL CO COM 360271100 9,439 572,064 SH   SOLE   572,064 0 0
G E O GROUP INC NEW REIT COM 36162j106 8,713 316,383 SH   SOLE   316,383 0 0
GLOBAL BRASS &COPPER COM 37953g103 5,042 160,817 SH   SOLE   160,817 0 0
GRAY TELEVISION INC COM 389375106 8,795 556,671 SH   SOLE   556,188 0 483
HELEN OF TROY LTD F COM g4388n106 9,024 91,663 SH   SOLE   91,663 0 0
KNOLL INC COM 498904200 7,843 376,882 SH   SOLE   376,882 0 0
LEXINGTON REALTY TRUST COM 529043101 7,709 883,059 SH   SOLE   882,524 0 535
MAGELLAN HEALTH INC COM 559079207 9,438 98,361 SH   SOLE   98,292 0 69
MALIBU BOATS INC CLASS A COM 56117j100 13,924 332,010 SH   SOLE   332,010 0 0
NATUS MEDICAL INC COM 639050103 6,928 200,822 SH   SOLE   200,822 0 0
NORTHWESTERN CORP COM 668074305 9,469 165,397 SH   SOLE   165,397 0 0
NRG YIELD INC-CLASS A COM 62942X306 172 10,094 SH   SOLE   10,094 0 0
NRG YIELD INC-CLASS C COM 62942X405 9,337 542,820 SH   SOLE   542,820 0 0
NTNL BANK HLDGS CLASS A COM 633707104 8,516 220,668 SH   SOLE   220,668 0 0
NTNL GENERAL HLD COM 636220303 10,525 399,728 SH   SOLE   399,728 0 0
PENN VIRGINIA CORP COM 70788V102 10,623 125,139 SH   SOLE   125,139 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 10,019 272,987 SH   SOLE   272,987 0 0
PREF APT COMMUNITIES REIT COM 74039l103 10,518 619,081 SH   SOLE   619,081 0 0
PRIMORIS SERVICES CO COM 74164f103 10,422 382,739 SH   SOLE   382,516 0 223
RAMCO-GERSHENSON PROPERTIES COM 751452202 6,596 499,293 SH   SOLE   499,293 0 0
RLJ LODGING TRUST REIT COM 74965l101 7,416 336,339 SH   SOLE   336,339 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 12,370 148,768 SH   SOLE   148,768 0 0
SCHNITZER STEEL INDS INC-A COM 806882106 6,444 191,230 SH   SOLE   191,230 0 0
SEACOAST BK CORP FLA COM 811707801 11,985 379,510 SH   SOLE   379,510 0 0
SELECT INCOME REIT COM 81618T100 6,654 296,126 SH   SOLE   295,890 0 236
SMART GLOBAL HLDGS F COM g8232y101 3,624 113,705 SH   SOLE   113,705 0 0
SOUTH JERSEY INDS INC COM 838518108 11,676 348,860 SH   SOLE   348,860 0 0
SRC ENERGY INC COM 78470V108 9,443 856,891 SH   SOLE   856,891 0 0
TENNECO INC COM 880349105 6,995 159,117 SH   SOLE   159,022 0 95
TRAVELPORT WORLDWIDE LTD COM BMG9019D1 13,737 740,933 SH   SOLE   740,530 0 403
U S SILICA HLDGS INC COM 90346e103 5,995 233,365 SH   SOLE   233,365 0 0
UMB FINANCIAL CORP COM 902788108 10,933 143,420 SH   SOLE   143,420 0 0
UNIVERSAL FOREST PRODUCTS COM 913543104 10,919 298,172 SH   SOLE   298,007 0 165
VALLEY NATIONAL BANCORP COM 919794107 9,803 806,184 SH   SOLE   806,184 0 0
WASHINGTON FEDERAL COM 938824109 6,868 210,030 SH   SOLE   210,030 0 0
WEB.COM GROUP INC COM 94733A104 7,513 290,653 SH   SOLE   290,373 0 280
WINNEBAGO INDUSTRIES COM 974637100 11,851 291,901 SH   SOLE   291,746 0 155