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 EXPRESS CO COM 025816109 5,930 69,266 SH   SOLE   12,522 3,646 53,098
AUTOZONE INC COM 053332102 5,014 5,927 SH   SOLE   1,104 325 4,498
BIG LOTS INC COM 089302103 4,520 317,832 SH   SOLE   68,219 15,986 233,627
CDK GLOBAL INC COM 12508E101 5,626 171,278 SH   SOLE   35,504 8,741 127,033
CIT GROUP INC COM NEW 125581801 4,954 287,021 SH   SOLE   60,584 14,843 211,594
COMPASS MINERALS INTL INC COM 20451N101 4,565 118,662 SH   SOLE   26,283 5,900 86,479
CISCO SYS INC COM 17275R102 6,470 164,581 SH   SOLE   30,605 8,889 125,087
COMMUNITY TR BANCORP INC COM 204149108 3,498 110,021 SH   SOLE   25,229 5,838 78,954
CVB FINL CORP COM 126600105 7,065 352,386 SH   SOLE   76,007 18,432 257,947
EBAY INC COM 278642103 6,981 232,223 SH   SOLE   43,182 12,553 176,488
EVERTEC INC COM 30040P103 4,122 181,327 SH   SOLE   40,944 9,292 131,091
EXELON CORP COM 30161N101 5,654 153,587 SH   SOLE   27,483 7,993 118,111
FRESH DEL MONTE PRODUCE INC ORD G36738105 3,771 136,599 SH   SOLE   30,021 7,133 99,445
FIRST HAWAIIAN INC COM 32051X108 4,988 301,772 SH   SOLE   64,192 15,351 222,229
FORWARD AIR CORP COM 349853101 200 3,956 SH   SOLE   3,956 0 0
GENERAL MLS INC COM 370334104 6,050 114,655 SH   SOLE   20,954 5,909 87,792
GAMESTOP CORP NEW CL A 36467W109 2,849 813,903 SH   SOLE   185,010 41,779 587,114
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 4,854 128,112 SH   SOLE   23,383 6,611 98,118
HNI CORP COM 404251100 3,878 153,953 SH   SOLE   34,252 7,764 111,937
INTERNATIONAL BUSINESS MACHS COM 459200101 6,442 58,075 SH   SOLE   10,566 3,157 44,352
JOHNSON & JOHNSON COM 478160104 5,040 38,433 SH   SOLE   6,949 1,955 29,529
NORDSTROM INC COM 655664100 2,451 159,758 SH   SOLE   33,593 8,426 117,739
KRAFT HEINZ CO COM 500754106 6,381 257,925 SH   SOLE   44,391 12,515 201,019
KLX ENERGY SERVICS HOLDNGS I COM 48253L106 283 404,627 SH   SOLE   164,864 34,905 204,858
NCR CORP NEW COM 62886E108 3,762 212,551 SH   SOLE   48,264 10,979 153,308
PITNEY BOWES INC COM 724479100 4,098 2,008,883 SH   SOLE   438,813 103,682 1,466,388
PERDOCEO ED CORP COM 71363P106 2,840 263,250 SH   SOLE   57,427 12,233 193,590
QURATE RETAIL INC COM SER A 74915M100 4,019 658,389 SH   SOLE   140,419 32,179 485,791
RAYTHEON CO COM NEW 755111507 5,493 41,886 SH   SOLE   7,667 2,241 31,978
SEALED AIR CORP NEW COM 81211K100 3,333 134,888 SH   SOLE   32,208 6,737 95,943
SCHLUMBERGER LTD COM 806857108 2,308 171,088 SH   SOLE   31,859 9,238 129,991
STERICYCLE INC COM 858912108 7,637 157,207 SH   SOLE   32,289 8,002 116,916
WESTAMERICA BANCORPORATION COM 957090103 6,641 112,977 SH   SOLE   24,314 5,813 82,850
WESBANCO INC COM 950810101 3,583 151,181 SH   SOLE   29,810 8,115 113,256