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 6,322 305,872 SH   SOLE   305,815 0 57
AARON'S INC COM 002535300 15,378 338,731 SH   SOLE   338,576 0 155
AMERICAN EQUITY INVT LIFE HL COM 025676206 10,723 433,947 SH   SOLE   433,866 0 81
AMN HEALTHCARE SERVICES INC COM 001744101 10,125 223,797 SH   SOLE   223,755 0 42
ARGO GROUP INTL HLDG F COM g0464b107 9,191 263,880 SH   SOLE   263,831 0 49
BONANZA CREEK ENERGY INC COM 097793400 3,145 212,192 SH   SOLE   212,108 0 84
BRANDYWINE REALTY TRUST COM 105368203 11,633 1,068,219 SH   SOLE   1,068,023 0 196
BUILDERS FIRSTSOURCE INC COM 12008R107 11,684 564,428 SH   SOLE   564,323 0 105
CARPENTER TECHNOLOGY COM 144285103 6,906 284,451 SH   SOLE   284,365 0 86
CATHAY GENERAL BANCORP COM 149150104 9,830 373,768 SH   SOLE   373,698 0 70
CLEARWAY ENERGY INC-C COM 18539C204 11,218 486,479 SH   SOLE   486,388 0 91
DIODES INC COM 254543101 12,849 253,430 SH   SOLE   253,383 0 47
EMCOR GROUP INC COM 29084Q100 11,122 168,152 SH   SOLE   168,121 0 31
EMERGENT BIOSOLUTIONS INC COM 29089Q105 13,143 166,193 SH   SOLE   166,162 0 31
EVERCORE INC - A COM 29977A105 8,590 145,784 SH   SOLE   145,720 0 64
EXLSERVICE HOLDINGS INC COM 302081104 10,313 162,666 SH   SOLE   162,635 0 31
FABRINET COM G3323L100 11,726 187,851 SH   SOLE   187,816 0 35
FEDERAL SIGNAL CORP COM 313855108 14,459 486,357 SH   SOLE   486,261 0 96
FULTON FINANCIAL CORP COM 360271100 8,268 785,190 SH   SOLE   785,043 0 147
G-III APPAREL GROUP LTD COM 36237H101 2,948 221,790 SH   SOLE   221,677 0 113
GRAPHIC PACKAGING HOLDING CO COM 388689101 11,425 816,654 SH   SOLE   816,313 0 341
GRAY TELEVISION INC COM 389375106 10,729 769,107 SH   SOLE   768,963 0 144
HELEN OF TROY LTD COM G4388N106 16,697 88,549 SH   SOLE   88,533 0 16
HILLTOP HOLDINGS INC COM 432748101 9,397 509,305 SH   SOLE   509,209 0 96
II-VI INC COM 902104108 8,845 187,318 SH   SOLE   187,283 0 35
IMAX CORP COM 45245E109 5,883 524,825 SH   SOLE   524,727 0 98
INTEGER HOLDINGS CORP COM 45826H109 8,329 114,014 SH   SOLE   113,993 0 21
INVESTORS BANCORP, INC COM 46146L101 7,532 886,138 SH   SOLE   885,972 0 166
LEXINGTON REALTY TRUST COM 529043101 15,903 1,507,408 SH   SOLE   1,507,125 0 283
MALIBU BOATS INC - A COM 56117J100 11,336 218,210 SH   SOLE   218,144 0 66
MCGRATH RENTCORP COM 580589109 7,703 142,629 SH   SOLE   142,602 0 27
NATIONAL BANK HOLD-CL A COM 633707104 8,234 304,973 SH   SOLE   304,916 0 57
NATIONAL GENERAL HLDGS COM 636220303 13,337 617,176 SH   SOLE   617,061 0 115
NMI HOLDINGS INC-CLASS A COM 629209305 7,542 469,057 SH   SOLE   468,916 0 141
NORTHWESTERN CORP COM 668074305 8,403 154,129 SH   SOLE   154,101 0 28
OUTFRONT MEDIA INC COM 69007J106 6,978 492,435 SH   SOLE   492,343 0 92
PDC ENERGY INC COM 69327R101 3,104 249,511 SH   SOLE   249,405 0 106
PERFORMANCE FOOD GROUP CO COM 71377A103 14,833 509,010 SH   SOLE   508,809 0 201
PIEDMONT OFFICE REALTY TRU-A COM 720190206 8,442 508,227 SH   SOLE   508,132 0 95
PRIMORIS SERVICES CORP COM 74164F103 9,400 529,288 SH   SOLE   529,188 0 100
RYMAN HOSPITALITY PROPERTIES COM 78377T107 11,900 343,933 SH   SOLE   343,777 0 156
SCHNITZER STEEL INDS INC-A COM 806882106 4,676 265,091 SH   SOLE   265,041 0 50
SEACOAST BANKING CORP/FL COM 811707801 10,711 525,061 SH   SOLE   524,963 0 98
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 9,851 668,739 SH   SOLE   668,615 0 124
SOUTH STATE CORP COM 840441109 5,844 122,615 SH   SOLE   122,593 0 22
SOUTHWEST GAS HOLDINGS INC COM 844895102 9,192 133,121 SH   SOLE   133,039 0 82
SPIRIT AIRLINES INC COM 848577102 3,270 183,724 SH   SOLE   183,690 0 34
STIFEL FINANCIAL CORP COM 860630102 12,984 273,747 SH   SOLE   273,696 0 51
TEMPUR SEALY INTERNATIONAL I COM 88023U101 8,926 124,064 SH   SOLE   124,041 0 23
TIMKEN CO COM 887389104 9,658 212,317 SH   SOLE   212,277 0 40
UFP INDUSTRIES INC COM 90278Q108 17,905 361,652 SH   SOLE   361,583 0 69
UMB FINANCIAL CORP COM 902788108 10,244 198,720 SH   SOLE   198,683 0 37
VERITEX HOLDINGS INC COM 923451108 9,186 518,975 SH   SOLE   518,878 0 97
VIRTUSA CORP COM 92827P102 9,509 292,866 SH   SOLE   292,790 0 76
WINNEBAGO INDUSTRIES COM 974637100 12,508 187,748 SH   SOLE   187,713 0 35
WORLD FUEL SERVICES CORP COM 981475106 7,354 285,478 SH   SOLE   285,426 0 52