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
ACME UTD CORP COM 004816104 388 13,581 SH   SOLE 13,581 0 0
ADVANCED ENERGY INDS COM 007973100 650 10,055 SH   SOLE 10,055 0 0
ALJ REGIONAL HLDGS INC COM 001627108 99 31,022 SH   SOLE 31,022 0 0
APOGEE ENTERPRISES INC COM 037598109 3,489 61,375 SH   SOLE 61,375 0 0
APPLIED OPTOELECTRONICS INC COM 03823U102 1,449 23,455 SH   SOLE 23,455 0 0
ARRIS INTL INC SHS G0551A103 2,598 92,707 SH   SOLE 92,707 0 0
BRUNSWICK CORP COM 117043109 1,328 21,170 SH   SOLE 21,170 0 0
CAMBREX CORP COM 132011107 584 9,770 SH   SOLE 9,770 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 306 4,815 SH   SOLE 4,815 0 0
CIRRUS LOGIC INC COM 172755100 1,442 22,995 SH   SOLE 22,995 0 0
COMMUNITY WEST BANCSHARES COM 204157101 252 24,254 SH   SOLE 24,254 0 0
COMPX INTERNATIONAL INC CL A 20563P101 179 11,707 SH   SOLE 11,707 0 0
CONVERGYS CORP COM 212485106 1,372 57,705 SH   SOLE 57,705 0 0
COOPER STD HLDGS INC COM 21676P103 2,041 20,230 SH   SOLE 20,230 0 0
CRAWFORD & CO CL B 224633107 112 12,014 SH   SOLE 12,014 0 0
CUSTOMERS BANCORP INC COM 23204G100 1,783 63,035 SH   SOLE 63,035 0 0
DELTA APPAREL INC COM 247368103 940 42,373 SH   SOLE 42,373 0 0
DELUXE CORP COM 248019101 1,156 16,701 SH   SOLE 16,701 0 0
DNB FINL CORP COM 233237106 242 7,060 SH   SOLE 7,060 0 0
DOVER MOTORSPORTS INC COM 260174107 152 72,616 SH   SOLE 72,616 0 0
EMC INS GROUP INC COM 268664109 205 7,371 SH   SOLE 7,371 0 0
EPLUS INC COM 294268107 1,041 14,050 SH   SOLE 14,050 0 0
EVOLVING SYS INC COM NEW 30049R209 2,195 426,300 SH   SOLE 426,300 0 0
FIRST GTY BANCSHARES INC COM 32043P106 240 8,795 SH   SOLE 8,795 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 342 6,244 SH   SOLE 6,244 0 0
FONAR CORP COM NEW 344437405 466 16,780 SH   SOLE 16,780 0 0
FS BANCORP INC COM 30263Y104 660 14,777 SH   SOLE 14,777 0 0
GLOBALSCAPE INC COM 37940G109 140 26,448 SH   SOLE 26,448 0 0
GREEN BRICK PARTNERS INC COM 392709101 135 11,751 SH   SOLE 11,751 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 332 15,678 SH   SOLE 15,678 0 0
GULF ISLAND FABRICATION INC COM 402307102 327 28,205 SH   SOLE 28,205 0 0
HENNESSY ADVISORS INC COM 425885100 1,130 74,419 SH   SOLE 74,419 0 0
HMN FINL INC COM 40424G108 323 17,999 SH   SOLE 17,999 0 0
HOOKER FURNITURE CORP COM 439038100 868 21,105 SH   SOLE 21,105 0 0
JMP GROUP LLC COM 46629U107 86 15,729 SH   SOLE 15,729 0 0
KFORCE INC COM 493732101 1,252 63,871 SH   SOLE 63,871 0 0
KNOLL INC COM NEW 498904200 1,593 79,454 SH   SOLE 79,454 0 0
LANNET INC COM 516012101 3,242 158,905 SH   SOLE 158,905 0 0
LGI HOMES INC COM 50187T106 2,444 60,820 SH   SOLE 60,820 0 0
MATRIX SVC CO COM 576853105 1,258 134,505 SH   SOLE 134,505 0 0
MAUI LD & PINEAPPLE INC COM 577345101 228 11,244 SH   SOLE 11,244 0 0
MID PENN BANCORP INC COM 59540G107 399 14,550 SH   SOLE 14,550 0 0
MILLER INDS INC TENN COM NEW 600551204 1,289 51,884 SH   SOLE 51,884 0 0
PC CONNECTION INC COM 69318J100 1,361 50,291 SH   SOLE 50,291 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 367 20,213 SH   SOLE 20,213 0 0
RICHMONT MINES INC COM 76547T106 5,868 752,370 SH   SOLE 752,370 0 0
SALISBURY BANCORP INC COM 795226109 203 4,892 SH   SOLE 4,892 0 0
SANMINA CORPORATION COM 801056102 1,249 32,795 SH   SOLE 32,795 0 0
SECURITY NATL FINL CORP CL A NEW 814785309 280 43,729 SH   SOLE 43,729 0 0
SELECT BANCORP INC NEW COM 81617L108 131 10,744 SH   SOLE 10,744 0 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 309 42,267 SH   SOLE 42,267 0 0
SOUND FINL BANCORP INC COM 83607A100 225 7,378 SH   SOLE 7,378 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 1,270 21,920 SH   SOLE 21,920 0 0
SYNNEX CORP COM 87162W100 3,179 26,500 SH   SOLE 26,500 0 0
TANDY LEATHER FACTORY INC COM 87538X105 167 18,749 SH   SOLE 18,749 0 0
TCF FINL CORP COM 872275102 1,223 76,755 SH   SOLE 76,755 0 0
THOR INDS INC COM 885160101 2,483 23,760 SH   SOLE 23,760 0 0
TIMBERLAND BANCORP INC COM 887098101 536 21,213 SH   SOLE 21,213 0 0
TIPTREE INC CL A 88822Q103 162 23,004 SH   SOLE 23,004 0 0
TOWER INTL INC COM 891826109 2,175 96,883 SH   SOLE 96,883 0 0
ULTRA CLEAN HLDGS INC COM 90385V107 1,490 79,475 SH   SOLE 79,475 0 0
UNIVERSAL FST PRODS INC COM 913543104 1,879 21,520 SH   SOLE 21,520 0 0