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
AMERICAN EQUITY INVT LIFE HL COM 025676206 13,226 419,477 SH   SOLE   419,396 0 81
AMERIS BANCORP COM 03076K108 15,765 300,235 SH   SOLE   300,178 0 57
AMN HEALTHCARE SERVICES INC COM 001744101 15,941 216,297 SH   SOLE   216,255 0 42
ARGO GROUP INTL HLDG F COM g0464b107 12,835 255,070 SH   SOLE   255,021 0 49
BONANZA CREEK ENERGY INC COM 097793400 7,328 205,082 SH   SOLE   204,998 0 84
BRANDYWINE REALTY TRUST COM 105368203 13,342 1,033,439 SH   SOLE   1,033,243 0 196
BUILDERS FIRSTSOURCE INC COM 12008R107 17,171 370,309 SH   SOLE   370,238 0 71
CARETRUST REIT INC COM 14174T107 15,426 662,486 SH   SOLE   662,357 0 129
CATHAY GENERAL BANCORP COM 149150104 14,728 361,168 SH   SOLE   361,098 0 70
CORPORATE OFFICE PROPERTIES COM 22002T108 15,388 584,444 SH   SOLE   584,332 0 112
DIODES INC COM 254543101 19,568 245,090 SH   SOLE   245,043 0 47
EMCOR GROUP INC COM 29084Q100 18,235 162,582 SH   SOLE   162,551 0 31
EMERGENT BIOSOLUTIONS INC COM 29089Q105 14,934 160,738 SH   SOLE   160,662 0 76
EVERCORE INC - A COM 29977A105 18,563 140,904 SH   SOLE   140,840 0 64
EXLSERVICE HOLDINGS INC COM 302081104 14,179 157,266 SH   SOLE   157,235 0 31
FABRINET COM G3323L100 16,413 181,581 SH   SOLE   181,546 0 35
FEDERAL SIGNAL CORP COM 313855108 18,006 470,127 SH   SOLE   470,031 0 96
FULTON FINANCIAL CORP COM 360271100 12,932 759,360 SH   SOLE   759,213 0 147
G-III APPAREL GROUP LTD COM 36237H101 6,460 214,329 SH   SOLE   214,247 0 82
GRAPHIC PACKAGING HOLDING CO COM 388689101 14,346 790,005 SH   SOLE   789,613 0 392
GRAY TELEVISION INC COM 389375106 13,681 743,527 SH   SOLE   743,383 0 144
HELEN OF TROY LTD COM G4388N106 13,363 63,435 SH   SOLE   63,423 0 12
HILLENBRAND INC COM 431571108 12,569 263,439 SH   SOLE   263,388 0 51
HILLTOP HOLDINGS INC COM 432748101 19,491 571,072 SH   SOLE   570,959 0 113
II-VI INC COM 902104108 12,379 181,058 SH   SOLE   181,023 0 35
INTEGER HOLDINGS CORP COM 45826H109 14,657 159,137 SH   SOLE   159,106 0 31
INVESTORS BANCORP, INC COM 46146L101 18,751 1,276,447 SH   SOLE   1,275,850 0 597
JACK IN THE BOX INC COM 466367109 16,889 153,848 SH   SOLE   153,819 0 29
LA-Z-BOY INC COM 505336107 12,007 282,650 SH   SOLE   282,596 0 54
LEXINGTON REALTY TRUST COM 529043101 16,194 1,457,608 SH   SOLE   1,457,325 0 283
MALIBU BOATS INC - A COM 56117J100 16,811 210,980 SH   SOLE   210,924 0 56
MCGRATH RENTCORP COM 580589109 11,119 137,869 SH   SOLE   137,842 0 27
MERCURY GENERAL CORP COM 589400100 16,240 267,060 SH   SOLE   267,008 0 52
NATIONAL BANK HOLD-CL A COM 633707104 11,697 294,783 SH   SOLE   294,726 0 57
NMI HOLDINGS INC-CLASS A COM 629209305 10,728 453,797 SH   SOLE   453,656 0 141
NORTHWESTERN CORP COM 668074305 9,711 148,949 SH   SOLE   148,921 0 28
ORION ENGINEERED CARBONS SA COM L72967109 12,773 647,703 SH   SOLE   647,574 0 129
PARSONS CORP COM 70202L102 13,065 323,079 SH   SOLE   322,913 0 166
PDC ENERGY INC COM 69327R101 8,294 241,111 SH   SOLE   241,005 0 106
PIEDMONT OFFICE REALTY TRU-A COM 720190206 13,707 789,108 SH   SOLE   788,955 0 153
PORTLAND GENERAL ELECTRIC CO COM 736508847 13,540 285,243 SH   SOLE   285,188 0 55
PRIMORIS SERVICES CORP COM 74164F103 16,949 511,598 SH   SOLE   511,498 0 100
PROG HOLDINGS INC COM 74319R101 10,672 246,525 SH   SOLE   246,415 0 110
SCHNITZER STEEL INDS INC-A COM 806882106 10,710 256,281 SH   SOLE   256,231 0 50
SEACOAST BANKING CORP/FL COM 811707801 18,386 507,351 SH   SOLE   507,253 0 98
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 22,026 645,929 SH   SOLE   645,805 0 124
SHYFT GROUP INC/THE COM 825698103 11,884 319,461 SH   SOLE   319,344 0 117
SOUTHWEST GAS HOLDINGS INC COM 844895102 12,809 186,417 SH   SOLE   186,324 0 93
SPECTRUM BRANDS HOLDINGS INC COM 84790A105 18,082 212,729 SH   SOLE   212,689 0 40
STANDARD MOTOR PRODS COM 853666105 7,895 189,881 SH   SOLE   189,843 0 38
STIFEL FINANCIAL CORP COM 860630102 20,570 321,104 SH   SOLE   321,043 0 61
TEMPUR SEALY INTERNATIONAL I COM 88023U101 17,558 480,238 SH   SOLE   479,994 0 244
TIMKEN CO COM 887389104 16,666 205,317 SH   SOLE   205,277 0 40
UFP INDUSTRIES INC COM 90278Q108 19,149 252,492 SH   SOLE   252,443 0 49
UMB FINANCIAL CORP COM 902788108 17,731 192,040 SH   SOLE   192,003 0 37
VERITEX HOLDINGS INC COM 923451108 16,411 501,555 SH   SOLE   501,458 0 97
WERNER ENTERPRISES INC COM 950755108 13,326 282,514 SH   SOLE   282,458 0 56
WINNEBAGO INDUSTRIES COM 974637100 13,927 181,548 SH   SOLE   181,513 0 35
WORLD FUEL SERVICES CORP COM 981475106 9,725 276,268 SH   SOLE   276,216 0 52