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
AAR CORP COM 000361105 3,498 196,973 SH   SOLE   196,932 0 41
AARON'S INC COM 002535300 6,111 268,246 SH   SOLE   268,126 0 120
AMERICAN EQUITY INVT LIFE HL COM 025676206 7,431 395,247 SH   SOLE   395,166 0 81
AMN HEALTHCARE SERVICES INC COM 001744101 11,817 204,417 SH   SOLE   204,375 0 42
ARCHROCK INC COM 03957W106 2,349 624,724 SH   SOLE   624,594 0 130
ARGO GROUP INTL HLDG F COM g0464b107 8,902 240,200 SH   SOLE   240,151 0 49
BERKSHIRE HILLS BANCORP INC COM 084680107 5,003 336,665 SH   SOLE   336,596 0 69
BONANZA CREEK ENERGY INC COM 097793400 2,168 192,672 SH   SOLE   192,588 0 84
BRANDYWINE REALTY TRUST COM 105368203 7,467 709,758 SH   SOLE   709,612 0 146
BUILDERS FIRSTSOURCE INC COM 12008R107 6,281 513,568 SH   SOLE   513,463 0 105
CABOT CORP COM 127055101 4,843 185,418 SH   SOLE   185,380 0 38
CABOT MICROELECTRONICS CORP COM 12709P103 9,416 82,499 SH   SOLE   82,482 0 17
CADENCE BANCORP COM 12739A100 2,473 377,596 SH   SOLE   377,519 0 77
CARPENTER TECHNOLOGY COM 144285103 5,049 258,908 SH   SOLE   258,855 0 53
CATHAY GENERAL BANCORP COM 149150104 6,765 294,791 SH   SOLE   294,730 0 61
CENTERSTATE BANK CORP COM 15201P109 6,416 372,348 SH   SOLE   372,272 0 76
CLEARWAY ENERGY INC-C COM 18539C204 12,907 686,521 SH   SOLE   686,378 0 143
DIODES INC COM 254543101 12,608 310,277 SH   SOLE   310,214 0 63
EMERGENT BIOSOLUTIONS INC COM 29089Q105 12,767 220,660 SH   SOLE   220,615 0 45
EVERCORE INC - A COM 29977A105 6,115 132,754 SH   SOLE   132,690 0 64
FABRINET COM G3323L100 13,151 241,043 SH   SOLE   240,994 0 49
FEDERAL SIGNAL CORP COM 313855108 13,703 502,317 SH   SOLE   502,214 0 103
FULTON FINANCIAL CORP COM 360271100 8,217 715,110 SH   SOLE   714,963 0 147
G-III APPAREL GROUP LTD COM 36237H101 1,554 201,778 SH   SOLE   201,737 0 41
GRAY TELEVISION INC COM 389375106 7,514 699,667 SH   SOLE   699,523 0 144
HELEN OF TROY LTD COM G4388N106 11,601 80,549 SH   SOLE   80,533 0 16
HILLTOP HOLDINGS INC COM 432748101 7,016 464,005 SH   SOLE   463,909 0 96
II-VI INC COM 902104108 4,860 170,518 SH   SOLE   170,483 0 35
IMAX CORP COM 45245E109 4,317 476,975 SH   SOLE   476,877 0 98
KNOLL INC COM 498904200 4,892 474,063 SH   SOLE   473,966 0 97
LEXINGTON REALTY TRUST COM 529043101 13,625 1,372,068 SH   SOLE   1,371,785 0 283
MALIBU BOATS INC - A COM 56117J100 7,728 268,435 SH   SOLE   268,356 0 79
MEDPACE HOLDINGS INC COM 58506Q109 11,826 161,162 SH   SOLE   161,129 0 33
NATIONAL BANK HOLD-CL A COM 633707104 6,638 277,733 SH   SOLE   277,676 0 57
NATIONAL GENERAL HLDGS COM 636220303 9,320 563,116 SH   SOLE   563,001 0 115
NMI HOLDINGS INC-CLASS A COM 629209305 3,124 269,120 SH   SOLE   269,065 0 55
NORTHWESTERN CORP COM 668074305 12,420 207,588 SH   SOLE   207,545 0 43
OUTFRONT MEDIA INC COM 69007J106 6,029 447,265 SH   SOLE   447,173 0 92
PDC ENERGY INC COM 69327R101 1,411 227,204 SH   SOLE   227,098 0 106
PERFORMANCE FOOD GROUP CO COM 71377A103 11,442 462,883 SH   SOLE   462,729 0 154
PIEDMONT OFFICE REALTY TRU-A COM 720190206 8,163 462,257 SH   SOLE   462,162 0 95
PRIMORIS SERVICES CORP COM 74164F103 7,661 481,828 SH   SOLE   481,728 0 100
RYMAN HOSPITALITY PROPERTIES COM 78377T107 11,226 313,126 SH   SOLE   313,017 0 109
SCHNITZER STEEL INDS INC-A COM 806882106 3,146 241,231 SH   SOLE   241,181 0 50
SEACOAST BANKING CORP/FL COM 811707801 8,759 478,371 SH   SOLE   478,273 0 98
SPIRIT AIRLINES INC COM 848577102 2,155 167,184 SH   SOLE   167,150 0 34
STIFEL FINANCIAL CORP COM 860630102 10,280 249,027 SH   SOLE   248,976 0 51
TIMKEN CO COM 887389104 6,246 193,137 SH   SOLE   193,097 0 40
UMB FINANCIAL CORP COM 902788108 8,381 180,710 SH   SOLE   180,673 0 37
UNIVERSAL FOREST PRODUCTS COM 913543104 13,885 373,350 SH   SOLE   373,273 0 77
VERINT SYSTEMS INC COM 92343X100 11,572 269,121 SH   SOLE   268,992 0 129
VERITEX HOLDINGS INC COM 923451108 5,561 398,049 SH   SOLE   397,968 0 81
VIRTUSA CORP COM 92827P102 7,571 266,595 SH   SOLE   266,540 0 55
WINNEBAGO INDUSTRIES COM 974637100 6,726 241,846 SH   SOLE   241,796 0 50
WORLD FUEL SERVICES CORP COM 981475106 3,938 156,393 SH   SOLE   156,360 0 33