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 9,388 93,644 SH   SOLE   17,509 5,019 71,116
AUTOZONE INC COM 053332102 6,988 5,934 SH   SOLE   1,109 327 4,498
BIG LOTS INC COM 089302103 7,171 160,788 SH   SOLE   36,068 8,315 116,405
CDK GLOBAL INC COM 12508E101 8,185 187,775 SH   SOLE   39,775 9,678 138,322
CHANGE HEALTHCARE INC COM 15912K100 6,312 435,033 SH   SOLE   96,577 22,691 315,765
CISCO SYS INC COM 17275R102 6,540 166,025 SH   SOLE   31,941 8,973 125,111
CIT GROUP INC COM NEW 125581801 6,836 386,020 SH   SOLE   86,531 19,966 279,523
COMMUNITY TR BANCORP INC COM 204149108 3,548 125,542 SH   SOLE   30,886 5,888 88,768
COMPASS MINERALS INTL INC COM 20451N101 7,044 118,691 SH   SOLE   26,245 5,951 86,495
COOPER TIRE & RUBR CO COM 216831107 6,673 210,504 SH   SOLE   47,218 10,741 152,545
CVB FINL CORP COM 126600105 7,189 432,303 SH   SOLE   94,777 22,042 315,484
EBAY INC COM 278642103 6,262 120,187 SH   SOLE   22,503 6,438 91,246
EVERTEC INC COM 30040P103 6,299 181,489 SH   SOLE   41,001 9,375 131,113
EXELON CORP COM 30161N101 5,505 153,942 SH   SOLE   27,744 8,067 118,131
FIRST HAWAIIAN INC COM 32051X108 7,260 501,697 SH   SOLE   108,557 25,839 367,301
FORWARD AIR CORP COM 349853101 213 3,705 SH   SOLE   3,705 0 0
GAMESTOP CORP NEW CL A 36467W109 6,335 621,047 SH   SOLE   136,889 31,047 453,111
GENERAL MLS INC COM 370334104 7,128 115,561 SH   SOLE   21,788 5,965 87,808
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 6,632 176,186 SH   SOLE   33,344 8,889 133,953
HANCOCK WHITNEY CORPORATION COM 410120109 208 11,078 SH   SOLE   11,078 0 0
HNI CORP COM 404251100 4,835 154,083 SH   SOLE   34,294 7,832 111,957
INTERNATIONAL BUSINESS MACHS COM 459200101 7,175 58,973 SH   SOLE   11,428 3,184 44,361
JOHNSON & JOHNSON COM 478160104 5,767 38,734 SH   SOLE   7,225 1,976 29,533
KLX ENERGY SERVICS HOLDNGS I COM NEW 48253L205 734 176,883 SH   SOLE   78,112 14,426 84,345
KRAFT HEINZ CO COM 500754106 7,823 261,191 SH   SOLE   47,500 12,637 201,054
NCR CORP NEW COM 62886E108 8,438 381,112 SH   SOLE   83,900 19,826 277,386
PERDOCEO ED CORP COM 71363P106 4,727 386,215 SH   SOLE   88,418 20,347 277,450
PITNEY BOWES INC COM 724479100 6,809 1,282,206 SH   SOLE   288,917 67,410 925,879
QURATE RETAIL INC COM SER A 74915M100 4,730 658,789 SH   SOLE   140,458 32,458 485,873
RAYTHEON TECHNOLOGIES CORP COM 75513E101 7,049 122,501 SH   SOLE   23,178 6,547 92,776
SCHLUMBERGER LTD COM 806857108 5,324 342,146 SH   SOLE   59,333 16,602 266,211
SEALED AIR CORP NEW COM 81211K100 5,216 134,390 SH   SOLE   31,620 6,808 95,962
STERICYCLE INC COM 858912108 9,916 157,244 SH   SOLE   32,231 8,075 116,938
STEWART INFORMATION SVCS COR COM 860372101 238 5,438 SH   SOLE   5,438 0 0
WESTAMERICA BANCORPORATION COM 957090103 6,185 113,801 SH   SOLE   25,072 5,866 82,863