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
AARON'S INC COM 002535300 8,720 207,377 SH   SOLE   207,286 0 91
AMERICAN EQUITY INVT LIFE HL COM 025676206 8,589 307,400 SH   SOLE   307,250 0 150
AMN HEALTHCARE SERVICES INC COM 001744101 8,967 158,263 SH   SOLE   158,263 0 0
ARCBEST CORP COM 03937C105 8,917 260,264 SH   SOLE   260,132 0 132
ARGO GROUP INTL HLDG F COM g0464b107 12,515 186,099 SH   SOLE   186,099 0 0
BERKSHIRE HILLS BANC COM 084680107 7,031 260,704 SH   SOLE   260,704 0 0
BLUCORA INC COM 095229100 7,602 285,377 SH   SOLE   285,377 0 0
BONANZA CREEK ENERGY INC COM 097793400 3,086 149,315 SH   SOLE   149,238 0 77
BUILDERS FIRSTSOURCE INC COM 12008R107 4,359 399,529 SH   SOLE   399,265 0 264
CABOT CORP COM 127055101 6,168 143,649 SH   SOLE   143,649 0 0
CADENCE BANCORP COM 12739A100 4,931 293,844 SH   SOLE   293,844 0 0
CALERES INC COM 129500104 6,963 250,209 SH   SOLE   250,209 0 0
CALLON PETROLEUM CO COM 13123x102 5,699 878,159 SH   SOLE   878,159 0 0
CARPENTER TECHNOLOGY COM 144285103 7,154 200,888 SH   SOLE   200,888 0 0
CATHAY BANK COM 149150104 7,666 228,624 SH   SOLE   228,624 0 0
CENTERSTATE BANK CORP COM 15201P109 6,081 289,001 SH   SOLE   289,001 0 0
CLEARWAY ENERGY INC A COMMON S COM 18539c105 171 10,094 SH   SOLE   10,094 0 0
CLEARWAY ENERGY INC-C COM 18539C204 9,123 528,843 SH   SOLE   528,843 0 0
DIODES INC COM 254543101 7,779 241,132 SH   SOLE   240,967 0 165
EMERGENT BIOSOLUTIONS INC COM 29089Q105 8,041 135,636 SH   SOLE   135,636 0 0
EVERCORE INC - A COM 29977A105 7,358 102,827 SH   SOLE   102,790 0 37
FABRINET COM KYG3323L1 9,598 187,054 SH   SOLE   187,054 0 0
FEDERAL SIGNAL CORP COM 313855108 7,790 391,460 SH   SOLE   391,460 0 0
FULTON FINL CO COM 360271100 8,585 554,602 SH   SOLE   554,602 0 0
G E O GROUP INC NEW REIT COM 36162j106 6,084 308,823 SH   SOLE   308,823 0 0
G-III APPAREL GROUP LTD COM 36237H101 4,364 156,481 SH   SOLE   156,349 0 132
GLOBAL BRASS &COPPER COM 37953g103 3,952 157,137 SH   SOLE   157,137 0 0
GRAY TELEVISION INC COM 389375106 8,010 543,439 SH   SOLE   543,158 0 281
HELEN OF TROY LTD F COM g4388n106 11,738 89,483 SH   SOLE   89,483 0 0
HERSHA HOSPITALITY TRUST COM 427825500 7,240 412,769 SH   SOLE   412,769 0 0
II-VI INC COM 902104108 4,280 131,847 SH   SOLE   131,847 0 0
KNOLL INC COM 498904200 6,064 367,942 SH   SOLE   367,942 0 0
LEXINGTON REALTY TRUST COM 529043101 8,743 1,064,881 SH   SOLE   1,064,346 0 535
MALIBU BOATS INC CLASS A COM 56117j100 7,274 209,031 SH   SOLE   209,031 0 0
MEDPACE HOLDINGS INC COM 58506Q109 6,616 124,988 SH   SOLE   124,988 0 0
NATIONAL GENERAL HLDGS COM 636220303 9,450 390,328 SH   SOLE   390,328 0 0
NEWPARK RESOURCES COM 651718504 4,068 592,172 SH   SOLE   592,172 0 0
NORTHWESTERN CORP COM 668074305 9,596 161,437 SH   SOLE   161,437 0 0
NTNL BANK HLDGS CLASS A COM 633707104 6,643 215,180 SH   SOLE   215,180 0 0
PENN VIRGINIA CORP COM 70788V102 6,605 122,179 SH   SOLE   122,179 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 8,599 266,457 SH   SOLE   266,457 0 0
PREF APT COMMUNITIES REIT COM 74039l103 8,499 604,501 SH   SOLE   604,501 0 0
PRIMORIS SERVICES CO COM 74164f103 7,141 373,306 SH   SOLE   373,306 0 0
RPT REALTY COM 74971D101 7,460 624,262 SH   SOLE   624,262 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 9,689 145,288 SH   SOLE   145,288 0 0
SCHNITZER STEEL INDS INC-A COM 806882106 4,024 186,720 SH   SOLE   186,720 0 0
SEACOAST BK CORP FLA COM 811707801 9,645 370,670 SH   SOLE   370,670 0 0
SJI INC COM 838518108 9,467 340,530 SH   SOLE   340,530 0 0
SMART GLOBAL HLDGS F COM g8232y101 3,296 110,985 SH   SOLE   110,985 0 0
SRC ENERGY INC COM 78470V108 3,932 836,630 SH   SOLE   836,171 0 459
STIFEL FINANCIAL CORP COM 860630102 8,009 193,363 SH   SOLE   193,363 0 0
U M B FINL CORP COM 902788108 8,541 140,080 SH   SOLE   140,080 0 0
UNIVERSAL FOREST PRODUCTS COM 913543104 7,557 291,102 SH   SOLE   290,937 0 165
VALLEY NATIONAL BANCORP COM 919794107 6,991 787,274 SH   SOLE   787,274 0 0
VERINT SYSTEMS INC COM 92343X100 8,701 205,649 SH   SOLE   205,502 0 147
VIRTUSA CORP COM 92827P102 8,879 208,478 SH   SOLE   208,478 0 0
WASHINGTON FEDERAL COM 938824109 5,478 205,100 SH   SOLE   205,100 0 0
WINNEBAGO INDUSTRIES COM 974637100 6,893 284,731 SH   SOLE   284,576 0 155