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
A H BELO CORPORATION SERIES A Common Series A 001282102 276,677 82,100 SH   SOLE   82,100 0 0
AAR CORP COM Common 000361105 752,139 20,143 SH   SOLE   20,143 0 0
ACCO BRANDS CORPORATION CMN Common 00081T108 135,600 20,000 SH   SOLE   20,000 0 0
ADA-ES INC Common 00770C101 559,751 53,057 SH   SOLE   53,057 0 0
ADIENT PLC Common G0084W101 301,200 20,000 SH   SOLE   20,000 0 0
AGILYSIS INC Common 00847J105 657,273 45,835 SH   SOLE   45,835 0 0
AKORN INC CMN Common 009728106 225,435 66,500 SH   SOLE   66,500 0 0
ALPHA & OMEGA SEMICONDUCTOR Common G6331P104 571,995 56,133 SH   SOLE   56,133 0 0
AMC NETWORKS INC Common 00164V103 603,680 11,000 SH   SOLE   11,000 0 0
AMERICAN AXLE & MFG HOLDINGS Common 024061103 333,000 30,000 SH   SOLE   30,000 0 0
AMERICAN EXPRESS CO. CMN Common 025816109 381,280 4,000 SH   SOLE   4,000 0 0
AMPLIFY ENERGY CORP Common 032113102 302,638 34,786 SH   SOLE   34,786 0 0
APPLE COMPUTER INC Common 037833100 1,569,513 9,950 SH   SOLE   9,950 0 0
ARMSTRONG FLOORING INC Common 04238R106 320,875 27,101 SH   SOLE   27,101 0 0
AUTOZONE INC Common 053332102 58,683 70 SH   SOLE   70 0 0
B&G Foods Inc. Common 05508R106 873,082 30,200 SH   SOLE   30,200 0 0
BANK OF AMERICA CORP. Common 060505104 2,673,440 108,500 SH   SOLE   108,500 0 0
BAUSCH HEALTH COS INC Common 071734107 1,721,404 93,200 SH   SOLE   93,200 0 0
BEAZER HOMES USA,INC. CMN Common 07556Q881 161,160 17,000 SH   SOLE   17,000 0 0
BGC PARTNERS INC-CL A Common Series A 05541T101 361,900 70,000 SH   SOLE   70,000 0 0
BLOOMIN' BRANDS INC Common 094235108 712,022 39,800 SH   SOLE   39,800 0 0
BRIGHTSPHERE INVESTMENT GROUP Common G1644T109 790,320 74,000 SH   SOLE   74,000 0 0
BRINKER INTL Common 109641100 338,646 7,700 SH   SOLE   7,700 0 0
BRISTOL MYERS SQUIBB CO W/RTS TO PUR P/STK UNDER CERT CIRCUMSTATANCE Common 110122108 3,415,086 65,700 SH   SOLE   65,700 0 0
C&J ENERGY SERVICES INC Common 12674R100 715,500 53,000 SH   SOLE   53,000 0 0
CAMPBELL SOUP CO Common 134429109 1,372,384 41,600 SH   SOLE   41,600 0 0
CAPITAL ONE FINANCIAL CORP Common 14040H105 2,917,774 38,600 SH   SOLE   38,600 0 0
CHEMOURS CO/THE Common 163851108 409,190 14,500 SH   SOLE   14,500 0 0
CHUY'S HOLDINGS INC Common 171604101 70,960 4,000 SH   SOLE   4,000 0 0
Citigroup Inc Common 172967424 3,081,952 59,200 SH   SOLE   59,200 0 0
CITIZENS FINANCIAL GROUP Common 174610105 2,601,375 87,500 SH   SOLE   87,500 0 0
CLIFFS NATURAL RESOURCES INC Common 185899101 1,161,190 151,000 SH   SOLE   151,000 0 0
COMMVAULT SYSTEMS INC CMN Common 204166102 360,449 6,100 SH   SOLE   6,100 0 0
COMPANHIA VALE DO RIO DOCE ADR Common Series ADR 91912E105 1,576,205 119,500 SH   SOLE   119,500 0 0
COSAN LTD-CLASS A SHARES Common Series A G25343107 114,400 13,000 SH   SOLE   13,000 0 0
CUTERA INC CMN Common 232109108 663,780 39,000 SH   SOLE   39,000 0 0
DINE BRANDS GLOBAL INC Common 254423106 1,030,302 15,300 SH   SOLE   15,300 0 0
DISCOVER FIN'L SERVICES Common 254709108 1,091,130 18,500 SH   SOLE   18,500 0 0
ENGILITY HOLDINGS INC Common 29286C107 73,996 2,600 SH   SOLE   2,600 0 0
FIESTA RESTAURANT GROUP Common 31660B101 224,895 14,500 SH   SOLE   14,500 0 0
FMC TECHNOLOGIES INC Common G87110105 342,650 17,500 SH   SOLE   17,500 0 0
FRANKLIN RES INC Common 354613101 2,877,020 97,000 SH   SOLE   97,000 0 0
GAMESTOP CORP-CLASS A Common Series A 36467W109 403,840 32,000 SH   SOLE   32,000 0 0
GANNETT ORD SHS Common 36473H104 17,060 2,000 SH   SOLE   2,000 0 0
GENERAL MOTORS CO Common 37045V100 367,950 11,000 SH   SOLE   11,000 0 0
GENESEE & WYO INC CL A Common Series A 371559105 2,509,278 33,900 SH   SOLE   33,900 0 0
GILEAD SCIENCE COM Common 375558103 1,269,765 20,300 SH   SOLE   20,300 0 0
GREENLIGHT CAPITAL RE LTD-A Common Series A G4095J109 447,378 51,900 SH   SOLE   51,900 0 0
GROUP 1 AUTOMOTIVE, INC. CMN Common 398905109 432,304 8,200 SH   SOLE   8,200 0 0
Gulf Island Fabrication, Inc Common 402307102 214,434 29,700 SH   SOLE   29,700 0 0
HAMILTON BEACH BRAND-A Common Series A 40701T104 219,960 9,376 SH   SOLE   9,376 0 0
HAWAIIAN HLDGS Common 419879101 316,920 12,000 SH   SOLE   12,000 0 0
ICHOR HOLDINGS LTD Common G4740B105 635,700 39,000 SH   SOLE   39,000 0 0
INTEGER HOLDINGS CORP Common 45826H109 495,690 6,500 SH   SOLE   6,500 0 0
Invacare Corporation Common 461203101 176,424 41,029 SH   SOLE   41,029 0 0
ISHARES RUSSELL 2000 VALUE Common 464287630 666,748 6,200 SH   SOLE   6,200 0 0
KANSAS CITY SOUTHERN CMN Common 485170302 754,055 7,900 SH   SOLE   7,900 0 0
KB HOME CMN Common 48666K109 573,000 30,000 SH   SOLE   30,000 0 0
KELLOGG COMPANY CMN Common 487836108 917,861 16,100 SH   SOLE   16,100 0 0
KEYCORP Common 493267108 443,400 30,000 SH   SOLE   30,000 0 0
LANNETT CO INC Common 516012101 617,520 124,500 SH   SOLE   124,500 0 0
LANTHEUS HOLDINGS INC Common 516544103 125,200 8,000 SH   SOLE   8,000 0 0
LEE ENTERPRISES Common 523768109 471,878 223,639 SH   SOLE   223,639 0 0
LEGG MASON INC CMN Common 524901105 2,010,188 78,800 SH   SOLE   78,800 0 0
LILLY ELI & CO Common 532457108 729,036 6,300 SH   SOLE   6,300 0 0
LSC COMMUNICATIONS INC Common 50218P107 196,000 28,000 SH   SOLE   28,000 0 0
M/I HOMES INC Common 55305B101 536,010 25,500 SH   SOLE   25,500 0 0
MACY'S INC Common 55616P104 506,260 17,000 SH   SOLE   17,000 0 0
MALLINCKRODT PLC Common G5785G107 349,180 22,100 SH   SOLE   22,100 0 0
MATRIX SERVICE CO Common 576853105 710,424 39,600 SH   SOLE   39,600 0 0
MAXAR TECHNOLOGIES INC Common 57778K105 370,760 31,000 SH   SOLE   31,000 0 0
MCDERMOTT Common 580037703 364,055 55,666 SH   SOLE   55,666 0 0
MERITOR INC Common 59001K100 422,750 25,000 SH   SOLE   25,000 0 0
MGIC INVESTMENT CORP Common 552848103 1,495,780 143,000 SH   SOLE   143,000 0 0
MICRON TECHNOLOGY, INC. CMN Common 595112103 412,490 13,000 SH   SOLE   13,000 0 0
MICROSTRATEGY INC-CL A Common Series A 594972408 762,667 5,970 SH   SOLE   5,970 0 0
MYLAN, INC Common N59465109 178,100 6,500 SH   SOLE   6,500 0 0
NATUS MEDICAL INC Common 639050103 296,061 8,700 SH   SOLE   8,700 0 0
NAVTEQ CORPORATION CMN Common G6700G107 943,320 42,000 SH   SOLE   42,000 0 0
Newell Rubbermaid Inc Common 651229106 1,617,330 87,000 SH   SOLE   87,000 0 0
NEWFIELD EXPLORATION CO. CMN Common 651290108 205,240 14,000 SH   SOLE   14,000 0 0
NORFOLK SOUTHERN CORP Common 655844108 3,723,546 24,900 SH   SOLE   24,900 0 0
ONESPAN INC Common 68287N100 564,620 43,600 SH   SOLE   43,600 0 0
ORTHOFIX MEDICAL INC Common 68752M108 708,615 13,500 SH   SOLE   13,500 0 0
OWENS & MINOR INC (NEW) CMN Common 690732102 386,130 61,000 SH   SOLE   61,000 0 0
PARTY CITY HOLDCO INC Common 702149105 159,680 16,000 SH   SOLE   16,000 0 0
PERRIGO PLC Common G97822103 1,054,000 27,200 SH   SOLE   27,200 0 0
PHIBRO ANIMAL HEALTH CORP-A Common Series A 71742Q106 861,888 26,800 SH   SOLE   26,800 0 0
PHOTRONICS INC CMN Common 719405102 682,440 70,500 SH   SOLE   70,500 0 0
PULTE HOMES INC Common 745867101 285,890 11,000 SH   SOLE   11,000 0 0
QUORUM HEALTH CORP Common 74909E106 104,040 36,000 SH   SOLE   36,000 0 0
REALOGY HOLDINGS CORP Common 75605Y106 1,394,600 95,000 SH   SOLE   95,000 0 0
RED ROBIN GRMT BURG Common 75689M101 547,760 20,500 SH   SOLE   20,500 0 0
RIVIERA RESOURCES INC/LINN Common 76964R104 1,073,689 67,955 SH   SOLE   67,955 0 0
ROWAN COMPANIES INC CMN Common G7665A101 92,290 11,000 SH   SOLE   11,000 0 0
S&P GLOBAL INC Common 78409V104 1,801,364 10,600 SH   SOLE   10,600 0 0
SOUTHWESTERN ENERGY CO Common 845467109 225,060 66,000 SH   SOLE   66,000 0 0
SYNCHRONOSS TECHNOLOGIES INC Common 87157B103 478,920 78,000 SH   SOLE   78,000 0 0
TENET HEALTHCARE CORP Common 88033G407 880,996 51,400 SH   SOLE   51,400 0 0
Teva Pharmaceutical Industries Common 881624209 2,297,580 149,000 SH   SOLE   149,000 0 0
THIRD POINT REINSURANCE LTD Common G8827U100 1,185,720 123,000 SH   SOLE   123,000 0 0
TIVO INC CMN Common 88870P106 216,430 23,000 SH   SOLE   23,000 0 0
TOLL BROTHERS INC Common 889478103 592,740 18,000 SH   SOLE   18,000 0 0
TRI POINTE GROUP INC Common 87265H109 502,780 46,000 SH   SOLE   46,000 0 0
TRIBUNE PUBLISHING CO Common 89609W107 567,000 50,000 SH   SOLE   50,000 0 0
TRIUMPH GROUP INC CMN Common 896818101 333,500 29,000 SH   SOLE   29,000 0 0
ULTRA CLEAN HOLDINGS, INC Common 90385V107 551,397 65,100 SH   SOLE   65,100 0 0
UNITED NATURAL FOODS INC CMN Common 911163103 222,390 21,000 SH   SOLE   21,000 0 0
US Silica Holdings Inc. Common 90346E103 162,880 16,000 SH   SOLE   16,000 0 0
VALVOLINE INC Common 92047W101 1,366,110 70,600 SH   SOLE   70,600 0 0
VAREX IMAGING CORP Common 92214X106 724,608 30,600 SH   SOLE   30,600 0 0
VECTRUS INC Common 92242T101 866,544 40,155 SH   SOLE   40,155 0 0
Veeco Instruments Inc Common 922417100 659,490 89,000 SH   SOLE   89,000 0 0
VERIZON COMMUNICATIONS INC. CMN Common 92343V104 1,270,572 22,600 SH   SOLE   22,600 0 0
Viacom Inc Common 92553P201 1,259,300 49,000 SH   SOLE   49,000 0 0
WADDELL & REED FINANCIAL-A Common Series A 930059100 904,000 50,000 SH   SOLE   50,000 0 0
WESTERN DIGITAL CORP CMN Common 958102105 388,185 10,500 SH   SOLE   10,500 0 0
WHITE MOUNTAINS INSURANCE GRP Common G9618E107 872,270 1,017 SH   SOLE   1,017 0 0
WINNEBAGO INDUSTRIES Common 974637100 423,675 17,500 SH   SOLE   17,500 0 0
WYNDHAM DESTINATIONS INC Common 98310W108 2,042,880 57,000 SH   SOLE   57,000 0 0