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 10,757 296,992 SH   SOLE   296,935 0 57
AMERICAN EQUITY INVT LIFE HL COM 025676206 11,655 421,357 SH   SOLE   421,276 0 81
AMERIS BANCORP COM 03076K108 11,484 301,645 SH   SOLE   301,588 0 57
AMN HEALTHCARE SERVICES INC COM 001744101 14,834 217,347 SH   SOLE   217,305 0 42
ARGO GROUP INTL HLDG F COM g0464b107 11,197 256,230 SH   SOLE   256,181 0 49
BONANZA CREEK ENERGY INC COM 097793400 3,983 206,062 SH   SOLE   205,978 0 84
BRANDYWINE REALTY TRUST COM 105368203 12,354 1,037,289 SH   SOLE   1,037,093 0 196
BUILDERS FIRSTSOURCE INC COM 12008R107 15,175 371,849 SH   SOLE   371,778 0 71
CARETRUST REIT INC COM 14174T107 10,813 487,491 SH   SOLE   487,398 0 93
CARPENTER TECHNOLOGY COM 144285103 8,041 276,131 SH   SOLE   276,045 0 86
CATHAY GENERAL BANCORP COM 149150104 11,680 362,838 SH   SOLE   362,768 0 70
CLEARWAY ENERGY INC-C COM 18539C204 15,083 472,369 SH   SOLE   472,278 0 91
DIODES INC COM 254543101 17,350 246,100 SH   SOLE   246,053 0 47
EMCOR GROUP INC COM 29084Q100 14,937 163,322 SH   SOLE   163,291 0 31
EMERGENT BIOSOLUTIONS INC COM 29089Q105 14,464 161,428 SH   SOLE   161,352 0 76
EVERCORE INC - A COM 29977A105 15,516 141,514 SH   SOLE   141,450 0 64
EXLSERVICE HOLDINGS INC COM 302081104 13,447 157,956 SH   SOLE   157,925 0 31
FABRINET COM G3323L100 14,152 182,391 SH   SOLE   182,356 0 35
FEDERAL SIGNAL CORP COM 313855108 15,664 472,237 SH   SOLE   472,141 0 96
FULTON FINANCIAL CORP COM 360271100 9,700 762,610 SH   SOLE   762,463 0 147
G-III APPAREL GROUP LTD COM 36237H101 5,114 215,430 SH   SOLE   215,317 0 113
GRAPHIC PACKAGING HOLDING CO COM 388689101 13,435 793,075 SH   SOLE   792,683 0 392
GRAY TELEVISION INC COM 389375106 13,360 746,787 SH   SOLE   746,643 0 144
HELEN OF TROY LTD COM G4388N106 14,157 63,715 SH   SOLE   63,703 0 12
HILLENBRAND INC COM 431571108 10,531 264,609 SH   SOLE   264,558 0 51
HILLTOP HOLDINGS INC COM 432748101 15,799 574,302 SH   SOLE   574,189 0 113
II-VI INC COM 902104108 13,813 181,848 SH   SOLE   181,813 0 35
IMAX CORP COM 45245E109 9,184 509,675 SH   SOLE   509,577 0 98
INTEGER HOLDINGS CORP COM 45826H109 12,980 159,867 SH   SOLE   159,836 0 31
INVESTORS BANCORP, INC COM 46146L101 13,535 1,281,765 SH   SOLE   1,281,520 0 245
LA-Z-BOY INC COM 505336107 11,299 283,600 SH   SOLE   283,546 0 54
LEXINGTON REALTY TRUST COM 529043101 15,544 1,463,638 SH   SOLE   1,463,355 0 283
MALIBU BOATS INC - A COM 56117J100 13,229 211,860 SH   SOLE   211,794 0 66
MCGRATH RENTCORP COM 580589109 9,292 138,479 SH   SOLE   138,452 0 27
MERCURY GENERAL CORP COM 589400100 14,005 268,240 SH   SOLE   268,188 0 52
NATIONAL BANK HOLD-CL A COM 633707104 9,701 296,113 SH   SOLE   296,056 0 57
NMI HOLDINGS INC-CLASS A COM 629209305 10,316 455,457 SH   SOLE   455,316 0 141
NORTHWESTERN CORP COM 668074305 8,726 149,649 SH   SOLE   149,621 0 28
OUTFRONT MEDIA INC COM 69007J106 9,352 478,105 SH   SOLE   478,013 0 92
PARSONS CORP COM 70202L102 11,820 324,629 SH   SOLE   324,463 0 166
PDC ENERGY INC COM 69327R101 4,974 242,281 SH   SOLE   242,175 0 106
PIEDMONT OFFICE REALTY TRU-A COM 720190206 12,864 792,588 SH   SOLE   792,435 0 153
PRIMORIS SERVICES CORP COM 74164F103 14,188 513,868 SH   SOLE   513,768 0 100
PROG HOLDINGS INC COM 74319R101 13,349 247,805 SH   SOLE   247,695 0 110
RYMAN HOSPITALITY PROPERTIES COM 78377T107 11,328 167,176 SH   SOLE   167,082 0 94
SCHNITZER STEEL INDS INC-A COM 806882106 8,214 257,421 SH   SOLE   257,371 0 50
SEACOAST BANKING CORP/FL COM 811707801 15,012 509,751 SH   SOLE   509,653 0 98
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 17,960 649,329 SH   SOLE   649,205 0 124
SHYFT GROUP INC/THE COM 825698103 9,102 320,731 SH   SOLE   320,614 0 117
SOUTHWEST GAS HOLDINGS INC COM 844895102 11,376 187,267 SH   SOLE   187,174 0 93
SPECTRUM BRANDS HOLDINGS INC COM 84790A105 16,855 213,409 SH   SOLE   213,369 0 40
STANDARD MOTOR PRODS COM 853666105 7,716 190,711 SH   SOLE   190,673 0 38
STIFEL FINANCIAL CORP COM 860630102 16,279 322,614 SH   SOLE   322,553 0 61
TEMPUR SEALY INTERNATIONAL I COM 88023U101 13,015 482,028 SH   SOLE   481,784 0 244
TIMKEN CO COM 887389104 15,951 206,187 SH   SOLE   206,147 0 40
UFP INDUSTRIES INC COM 90278Q108 14,086 253,582 SH   SOLE   253,533 0 49
UMB FINANCIAL CORP COM 902788108 13,310 192,920 SH   SOLE   192,883 0 37
VERITEX HOLDINGS INC COM 923451108 12,932 503,965 SH   SOLE   503,868 0 97
WINNEBAGO INDUSTRIES COM 974637100 10,926 182,278 SH   SOLE   182,243 0 35
WORLD FUEL SERVICES CORP COM 981475106 8,637 277,198 SH   SOLE   277,146 0 52