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
AMERIS BANCORP COM 03076K108 12,598 242,835 SH   SOLE   242,778 0 57
AMN HEALTHCARE SERVICES INC COM 001744101 20,088 175,057 SH   SOLE   175,015 0 42
ARGO GROUP INTERNATIONAL COM BMG0464B1 10,772 206,280 SH   SOLE   206,231 0 49
BONANZA CREEK ENERGY INC COM 097793400 10,234 213,654 SH   SOLE   213,559 0 95
BRANDYWINE REALTY TRUST COM 105368203 11,217 835,869 SH   SOLE   835,673 0 196
BUILDERS FIRSTSOURCE INC COM 12008R107 13,754 265,829 SH   SOLE   265,765 0 64
CARETRUST REIT INC COM 14174T107 12,868 633,257 SH   SOLE   633,106 0 151
CATHAY GENERAL BANCORP COM 149150104 12,089 292,068 SH   SOLE   291,998 0 70
CHEMOURS CO/THE COM 163851108 11,324 389,666 SH   SOLE   389,572 0 94
CORPORATE OFFICE PROPERTIES COM 22002T108 12,758 472,874 SH   SOLE   472,762 0 112
DIODES INC COM 254543101 17,960 198,260 SH   SOLE   198,213 0 47
EMCOR GROUP INC COM 29084Q100 15,185 131,612 SH   SOLE   131,581 0 31
EMERGENT BIOSOLUTIONS INC COM 29089Q105 10,534 210,380 SH   SOLE   210,241 0 139
EVERCORE INC - A COM 29977A105 15,235 113,974 SH   SOLE   113,910 0 64
EXLSERVICE HOLDINGS INC COM 302081104 15,691 127,446 SH   SOLE   127,415 0 31
FABRINET COM KYG3323L1 15,064 146,951 SH   SOLE   146,916 0 35
FEDERAL SIGNAL CORP COM 313855108 14,708 380,827 SH   SOLE   380,731 0 96
G-III APPAREL GROUP LTD COM 36237H101 6,970 246,285 SH   SOLE   246,185 0 100
GRAPHIC PACKAGING HOLDING CO COM 388689101 12,167 639,045 SH   SOLE   638,653 0 392
GRAY TELEVISION INC COM 389375106 13,726 601,487 SH   SOLE   601,343 0 144
GREEN BRICK PARTNERS INC COM 392709101 9,382 457,235 SH   SOLE   457,052 0 183
GRIFFON CORP COM 398433102 12,058 490,147 SH   SOLE   490,030 0 117
HILLENBRAND INC COM 431571108 9,092 213,179 SH   SOLE   213,128 0 51
HILLTOP HOLDINGS INC COM 432748101 15,094 462,022 SH   SOLE   461,909 0 113
II-VI INC COM 902104108 8,704 146,638 SH   SOLE   146,603 0 35
INTEGER HOLDINGS CORP COM 45826H109 11,495 128,667 SH   SOLE   128,636 0 31
INVESTORS BANCORP, INC COM 46146L101 15,604 1,032,687 SH   SOLE   1,032,090 0 597
JACK IN THE BOX INC COM 466367109 12,101 124,328 SH   SOLE   124,299 0 29
LA-Z-BOY INC COM 505336107 7,376 228,840 SH   SOLE   228,786 0 54
LEXINGTON REALTY TRUST COM 529043101 15,041 1,179,688 SH   SOLE   1,179,405 0 283
MALIBU BOATS INC - A COM 56117J100 14,138 202,027 SH   SOLE   201,964 0 63
MCGRATH RENTCORP COM 580589109 8,017 111,429 SH   SOLE   111,402 0 27
MERCURY GENERAL CORP COM 589400100 12,031 216,120 SH   SOLE   216,068 0 52
NATIONAL BANK HOLD-CL A COM 633707104 9,655 238,523 SH   SOLE   238,466 0 57
NMI HOLDINGS INC-CLASS A COM 629209305 8,306 367,347 SH   SOLE   367,206 0 141
NORTHWESTERN CORP COM 668074305 6,903 120,469 SH   SOLE   120,441 0 28
ORION ENGINEERED CARBONS SA COM LU1092234 11,682 640,791 SH   SOLE   640,638 0 153
PDC ENERGY INC COM 69327R101 11,349 239,481 SH   SOLE   239,364 0 117
PIEDMONT OFFICE REALTY TRU-A COM 720190206 13,293 762,652 SH   SOLE   762,470 0 182
PORTLAND GENERAL ELECTRIC CO COM 736508847 10,839 230,663 SH   SOLE   230,608 0 55
PRIMORIS SERVICES CORP COM 74164F103 10,136 413,868 SH   SOLE   413,768 0 100
PROG HOLDINGS INC COM 74319R101 8,385 199,594 SH   SOLE   199,425 0 169
SEACOAST BANKING CORP/FL COM 811707801 9,160 270,930 SH   SOLE   270,865 0 65
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 18,901 522,559 SH   SOLE   522,435 0 124
SHYFT GROUP INC/THE COM 825698103 9,820 258,354 SH   SOLE   258,264 0 90
SOUTHWEST GAS HOLDINGS INC COM 844895102 10,089 150,847 SH   SOLE   150,754 0 93
SPECTRUM BRANDS HOLDINGS INC COM 84790A105 16,472 172,179 SH   SOLE   172,139 0 40
STANDARD MOTOR PRODS COM 853666105 6,713 153,581 SH   SOLE   153,543 0 38
STIFEL FINANCIAL CORP COM 860630102 17,654 259,774 SH   SOLE   259,713 0 61
TEMPUR SEALY INTERNATIONAL I COM 88023U101 13,853 298,486 SH   SOLE   298,263 0 223
TIMKEN CO COM 887389104 10,865 166,087 SH   SOLE   166,047 0 40
UFP INDUSTRIES INC COM 90278Q108 13,886 204,262 SH   SOLE   204,213 0 49
UMB FINANCIAL CORP COM 902788108 15,029 155,400 SH   SOLE   155,363 0 37
VERITEX HOLDINGS INC COM 923451108 7,897 200,631 SH   SOLE   200,583 0 48
VIRTUS INVESTMENT PARTNERS COM 92828Q109 12,749 41,083 SH   SOLE   41,074 0 9
WERNER ENTERPRISES INC COM 950755108 10,121 228,614 SH   SOLE   228,558 0 56
WINNEBAGO INDUSTRIES COM 974637100 10,652 147,028 SH   SOLE   146,993 0 35
WORLD FUEL SERVICES CORP COM 981475106 9,398 279,542 SH   SOLE   279,476 0 66