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
ABBVIE INC COM 00287Y109 307 4,234 SH   DFND 1 4,234 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 277 2,239 SH   DFND 1 2,239 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 42,186 361,832 SH   DFND 1 348,035 0 13,797
AGRIUM INC COM 008916108 4,514 49,880 SH   DFND 1 49,880 0 0
ALBANY INTL CORP CL A 012348108 76,663 1,435,641 SH   DFND 1,2 1,435,641 0 0
ALLERGAN PLC SHS G0177J108 39,931 164,265 SH   DFND 1 158,337 0 5,928
ALPHABET INC CAP STK CL A 02079K305 49,842 53,612 SH   DFND 1 51,334 0 2,278
AMERIS BANCORP COM 03076K108 61,056 1,266,728 SH   DFND 1,2 1,266,728 0 0
ANTHEM INC COM 036752103 1,505 8,000 SH   DFND 1 8,000 0 0
AON PLC SHS CL A G0408V102 105,080 790,372 SH   DFND 1 766,076 0 24,296
APACHE CORP COM 037411105 3,406 71,057 SH   DFND 1 71,057 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 6,359 147,995 SH   DFND 1 147,995 0 0
APOGEE ENTERPRISES INC COM 037598109 29,575 520,313 SH   DFND 1 520,313 0 0
APPLE INC COM 037833100 512 3,553 SH   DFND 1 3,553 0 0
ARES CAP CORP COM 04010L103 18,260 1,114,793 SH   DFND 1 1,114,793 0 0
ARRIS INTL INC SHS G0551A103 15,408 549,878 SH   DFND 1,2 549,878 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 16,881 495,175 SH   DFND 1 495,175 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 64,465 996,978 SH   DFND 1,2 994,760 0 2,218
B RILEY FINL INC COM 05580M108 7,725 416,466 SH   DFND 1 416,466 0 0
BANK AMER CORP COM 060505104 82,040 3,381,706 SH   DFND 1 3,264,650 0 117,056
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 115,998 3,401,703 SH   DFND 1,2 3,401,630 0 73
BANNER CORP COM NEW 06652V208 20,839 375,316 SH   DFND 1 375,316 0 0
BIO RAD LABS INC CL A 090572207 70,861 313,115 SH   DFND 1,2 308,768 0 4,347
BLOOMIN BRANDS INC COM 094235108 7,208 339,535 SH   DFND 1 339,535 0 0
BOISE CASCADE CO DEL COM 09739D100 62,294 2,049,141 SH   DFND 1 2,049,141 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 41,850 2,387,353 SH   DFND 1,2 2,387,353 0 0
CALPINE CORP COM NEW 131347304 72,147 5,332,365 SH   DFND 1 5,143,318 0 189,047
CAMECO CORP COM 13321L108 19,023 2,090,466 SH   DFND 1,2 2,082,493 0 7,973
CANADIAN NAT RES LTD COM 136385101 26,177 907,660 SH   DFND 1,2 904,831 0 2,829
CAPITAL BK FINL CORP CL A COM 139794101 56,939 1,494,461 SH   DFND 1,2 1,494,461 0 0
CARRIZO OIL & GAS INC COM 144577103 56,819 3,261,724 SH   DFND 1,2 3,261,724 0 0
CHENIERE ENERGY INC COM NEW 16411R208 107,515 2,207,242 SH   DFND 1 2,135,699 0 71,543
CHEVRON CORP NEW COM 166764100 8,586 82,299 SH   DFND 1 82,299 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 7,553 96,094 SH   DFND 1 95,383 0 711
CHUBB LIMITED COM H1467J104 289 1,987 SH   DFND 1 1,987 0 0
CIGNA CORPORATION COM 125509109 66,263 395,860 SH   DFND 1 383,067 0 12,793
CISCO SYS INC COM 17275R102 14,079 449,799 SH   DFND 1 449,799 0 0
CIT GROUP INC COM NEW 125581801 199,162 4,089,560 SH   DFND 1,2 3,987,408 0 102,152
CIT GROUP INC COM NEW 125581801 3,765 77,300 SH Call DFND 1 77,300 0 0
CITIGROUP INC COM NEW 172967424 178,741 2,672,568 SH   DFND 1 2,588,046 0 84,522
CNA FINL CORP COM 126117100 12,777 262,095 SH   DFND 1 262,095 0 0
COCA COLA CO COM 191216100 70,997 1,582,987 SH   DFND 1 1,513,607 0 69,380
COHERENT INC COM 192479103 90,700 403,131 SH   DFND 1,2 403,116 0 15
COLGATE PALMOLIVE CO COM 194162103 202 2,724 SH   DFND 1 2,724 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 84,975 6,030,888 SH   DFND 1 5,858,017 0 172,871
CRAY INC COM NEW 225223304 16,288 885,223 SH   DFND 1 885,223 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 2,845 194,865 SH   DFND 1 194,760 0 105
CSX CORP COM 126408103 201 3,690 SH   DFND 1 3,690 0 0
CVR PARTNERS LP COM 126633106 5,101 1,461,491 SH   DFND 1 1,461,491 0 0
CVS HEALTH CORP COM 126650100 58,815 730,987 SH   DFND 1 707,788 0 23,199
CYPRESS SEMICONDUCTOR CORP COM 232806109 32,570 2,386,099 SH   DFND 1,2 2,385,959 0 140
DELTA AIR LINES INC DEL COM NEW 247361702 36,872 686,116 SH   DFND 1 659,406 0 26,710
DELTIC TIMBER CORP COM 247850100 25,009 334,972 SH   DFND 1,2 334,972 0 0
DISCOVER FINL SVCS COM 254709108 110,155 1,771,269 SH   DFND 1 1,713,624 0 57,645
DOW CHEM CO COM 260543103 92,121 1,460,616 SH   DFND 1 1,414,372 0 46,244
EATON CORP PLC SHS G29183103 8,009 102,900 SH   DFND 1 102,900 0 0
EDISON INTL COM 281020107 3,056 39,090 SH   DFND 1 39,090 0 0
ELECTRONICS FOR IMAGING INC COM 286082102 75,430 1,592,015 SH   DFND 1,2 1,591,968 0 47
EMBRAER S A SP ADR REP 4 COM 29082A107 10,993 603,044 SH   DFND 1,2 598,560 0 4,484
ENERGEN CORP COM 29265N108 8,820 178,655 SH   DFND 1,2 178,655 0 0
ENERSYS COM 29275Y102 57,612 795,202 SH   DFND 1,2 795,202 0 0
ENTEGRIS INC COM 29362U104 44,928 2,046,855 SH   DFND 1 2,046,855 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 16,387 605,130 SH   DFND 1 605,130 0 0
EQT CORP COM 26884L109 127,032 2,168,145 SH   DFND 1,2 2,103,620 0 64,525
ERICSSON ADR B SEK 10 294821608 32,023 4,466,310 SH   DFND 1,2 4,453,176 0 13,134
EURONET WORLDWIDE INC COM 298736109 28,033 320,853 SH   DFND 1,2 320,853 0 0
EXXON MOBIL CORP COM 30231G102 522 6,469 SH   DFND 1 6,469 0 0
FLEX LTD ORD Y2573F102 32,315 1,981,314 SH   DFND 1,2 1,974,730 0 6,584
FREDS INC CL A 356108100 33,113 3,587,578 SH   DFND 1,2 3,587,578 0 0
GENERAL ELECTRIC CO COM 369604103 58,568 2,168,378 SH   DFND 1 2,101,383 0 66,995
GENERAL MTRS CO COM 37045V100 77,741 2,225,626 SH   DFND 1 2,146,009 0 79,617
GILEAD SCIENCES INC COM 375558103 3,242 45,800 SH   DFND 1 45,800 0 0
GLATFELTER COM 377316104 21,844 1,117,935 SH   DFND 1,2 1,117,935 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 107,574 2,494,769 SH   DFND 1,2 2,433,514 0 61,255
GP STRATEGIES CORP COM 36225V104 30,658 1,161,278 SH   DFND 1 1,161,278 0 0
GREAT PLAINS ENERGY INC DEP SHS 1/20 B 391164878 41 776,800 PRN   DFND 1 776,800 0 0
HARLEY DAVIDSON INC COM 412822108 17,682 327,325 SH   DFND 1,2 327,325 0 0
HAVERTY FURNITURE INC COM 419596101 25,375 1,010,940 SH   DFND 1,2 1,010,940 0 0
HERITAGE FINL CORP WASH COM 42722X106 39,382 1,486,101 SH   DFND 1,2 1,486,101 0 0
HESS CORP COM 42809H107 95,925 2,186,580 SH   DFND 1 2,110,296 0 76,284
HILLTOP HOLDINGS INC COM 432748101 20,309 774,853 SH   DFND 1 774,853 0 0
HOMESTREET INC COM 43785V102 36,558 1,320,993 SH   DFND 1 1,320,993 0 0
HONEYWELL INTL INC COM 438516106 307 2,300 SH   DFND 1 2,300 0 0
HOOKER FURNITURE CORP COM 439038100 52,012 1,263,961 SH   DFND 1 1,263,961 0 0
HOPE BANCORP INC COM 43940T109 28,197 1,511,909 SH   DFND 1 1,511,909 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 21,618 465,995 SH   DFND 1,2 462,523 0 3,472
ING GROEP N V SPONSORED ADR 456837103 77,109 4,434,105 SH   DFND 1,2 4,327,902 0 106,203
INGERSOLL-RAND PLC SHS G47791101 76,326 835,170 SH   DFND 1 808,888 0 26,282
INNOSPEC INC COM 45768S105 13,326 203,292 SH   DFND 1,2 203,292 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 39,379 1,526,910 SH   DFND 1 1,526,910 0 0
INTER PARFUMS INC COM 458334109 10,561 288,151 SH   DFND 1,2 288,151 0 0
INTERPUBLIC GROUP COS INC COM 460690100 48,628 1,976,733 SH   DFND 1 1,914,125 0 62,608
ISHARES TR RUS 2000 VAL ETF 464287630 23,832 200,490 SH   DFND 1 200,490 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 4,557 39,139 SH   DFND 1 39,139 0 0
ISHARES TR IBOXX INV CP ETF 464287242 529 4,387 SH   DFND 1 4,092 0 295
JOHNSON CTLS INTL PLC SHS G51502105 18,866 435,095 SH   DFND 1 435,095 0 0
JPMORGAN CHASE & CO COM 46625H100 148,104 1,620,398 SH   DFND 1 1,570,741 0 49,657
KOHLS CORP COM 500255104 1,067 27,600 SH   DFND 1 27,600 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 97,509 2,722,207 SH   DFND 1,2 2,642,580 0 79,627
LA Z BOY INC COM 505336107 4,497 138,380 SH   DFND 1,2 138,380 0 0
LANDEC CORP COM 514766104 55,334 3,726,173 SH   DFND 1 3,726,173 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 70,102 10,525,852 SH   DFND 1,2 10,525,852 0 0
LEXINGTON REALTY TRUST COM 529043101 156 15,779 SH   DFND 1 15,779 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 722 10,850,000 PRN   DFND 1 10,850,000 0 0
LIFE STORAGE INC COM 53223X107 12,060 162,755 SH   DFND 1 162,755 0 0
LIVANOVA PLC SHS G5509L101 17,894 292,330 SH   DFND 1 292,330 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 77 21,921 SH   DFND 1 21,921 0 0
LOEWS CORP COM 540424108 8,229 175,802 SH   DFND 1 175,802 0 0
LOUISIANA PAC CORP COM 546347105 11,618 481,868 SH   DFND 1 481,868 0 0
LUMENTUM HLDGS INC COM 55024U109 5,170 90,629 SH   DFND 1,2 90,629 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 19,272 316,721 SH   DFND 1,2 315,703 0 1,018
MACYS INC COM 55616P104 35,274 1,517,831 SH   DFND 1 1,447,226 0 70,605
MATERION CORP COM 576690101 52,122 1,393,624 SH   DFND 1,2 1,393,624 0 0
MEDEQUITIES RLTY TR INC COM 58409L306 9,003 713,412 SH   DFND 1 713,412 0 0
MEDTRONIC PLC SHS G5960L103 305 3,432 SH   DFND 1 3,432 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 57,603 1,330,324 SH   DFND 1,2 1,330,274 0 50
METLIFE INC COM 59156R108 71,691 1,304,894 SH   DFND 1 1,256,796 0 48,098
MGM GROWTH PPTYS LLC CL A COM 55303A105 8,415 288,300 SH   DFND 1 288,300 0 0
MICRON TECHNOLOGY INC COM 595112103 377 12,636 SH   DFND 1 12,636 0 0
MICROSEMI CORP COM 595137100 7,913 169,083 SH   DFND 1,2 169,083 0 0
MICROSOFT CORP COM 594918104 49,459 717,518 SH   DFND 1 697,927 0 19,591
MITEL NETWORKS CORP COM 60671Q104 121,158 16,484,080 SH   DFND 1,2 16,484,080 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 75 11,041 SH   DFND 1 11,041 0 0
NATIONAL CINEMEDIA INC COM 635309107 3,368 453,880 SH   DFND 1 453,880 0 0
NEENAH PAPER INC COM 640079109 14,774 184,100 SH   DFND 1 184,100 0 0
NEWFIELD EXPL CO COM 651290108 65,407 2,298,221 SH   DFND 1,2 2,235,004 0 63,217
NEXTERA ENERGY INC UNIT 08/31/2018 65339F846 20 318,500 PRN   DFND 1 318,500 0 0
NORDSTROM INC COM 655664100 271 5,657 SH   DFND 1 5,657 0 0
NOVANTA INC COM 67000B104 43,252 1,201,451 SH   DFND 1 1,201,451 0 0
NTT DOCOMO INC SPONS ADR 62942M201 244 10,306 SH   DFND 1 10,306 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 1,203 5,500 SH   DFND 1 5,500 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 68,781 1,148,835 SH   DFND 1 1,109,688 0 39,147
ORACLE CORP COM 68389X105 192,560 3,840,446 SH   DFND 1 3,737,536 0 102,910
ORBITAL ATK INC COM 68557N103 62,195 632,315 SH   DFND 1,2 632,315 0 0
PACWEST BANCORP DEL COM 695263103 62,194 1,331,771 SH   DFND 1,2 1,331,771 0 0
PAYPAL HLDGS INC COM 70450Y103 44,958 837,675 SH   DFND 1 807,403 0 30,272
PDC ENERGY INC COM 69327R101 25,255 585,833 SH   DFND 1,2 585,833 0 0
PENNYMAC MTG INVT TR COM 70931T103 5,403 295,382 SH   DFND 1 295,382 0 0
PFIZER INC COM 717081103 42,403 1,262,358 SH   DFND 1 1,225,399 0 36,959
PHILIP MORRIS INTL INC COM 718172109 4,948 42,125 SH   DFND 1 42,125 0 0
PHILLIPS 66 COM 718546104 39,910 482,650 SH   DFND 1 465,723 0 16,927
PNC FINL SVCS GROUP INC COM 693475105 42,222 338,130 SH   DFND 1 326,319 0 11,811
POSCO SPONSORED ADR 693483109 15,314 244,670 SH   DFND 1 242,875 0 1,795
QORVO INC COM 74736K101 11,971 189,052 SH   DFND 1,2 189,052 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 37,770 2,927,911 SH   DFND 1,2 2,927,911 0 0
RAYTHEON CO COM NEW 755111507 71,819 444,757 SH   DFND 1 427,695 0 17,062
REINSURANCE GROUP AMER INC COM NEW 759351604 16,123 125,580 SH   DFND 1,2 125,580 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 8,277 113,673 SH   DFND 1,2 113,673 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 49,149 353,463 SH   DFND 1 342,606 0 10,857
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 22,349 3,422,451 SH   DFND 1,2 3,397,479 0 24,972
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 41,721 766,504 SH   DFND 1,2 764,221 0 2,283
SANFILIPPO JOHN B & SON INC COM 800422107 52,438 856,033 SH   DFND 1,2 856,033 0 0
SANOFI SPONSORED ADR 80105N105 18,882 394,104 SH   DFND 1,2 391,284 0 2,820
SAP SE SPON ADR 803054204 12,541 119,811 SH   DFND 1,2 118,940 0 871
SELECT SECTOR SPDR TR ENERGY 81369Y506 6,155 94,814 SH   DFND 1 94,814 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 48,915 1,905,538 SH   DFND 1,2 1,899,742 0 5,796
SOUTHWEST AIRLS CO COM 844741108 82,598 1,329,230 SH   DFND 1 1,285,826 0 43,404
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 35,889 1,124,335 SH   DFND 1 1,124,335 0 0
SRC ENERGY INC COM 78470V108 31,090 4,619,650 SH   DFND 1,2 4,619,650 0 0
STATE STR CORP COM 857477103 2,037 22,700 SH   DFND 1 22,700 0 0
STONERIDGE INC COM 86183P102 30,881 2,003,958 SH   DFND 1 2,003,958 0 0
SUNCOR ENERGY INC NEW COM 867224107 56,477 1,934,156 SH   DFND 1 1,861,074 0 73,082
SVB FINL GROUP COM 78486Q101 4,417 25,124 SH   DFND 1,2 25,124 0 0
SYNCHRONY FINL COM 87165B103 4,118 138,100 SH Call DFND 1 138,100 0 0
SYNCHRONY FINL COM 87165B103 94,436 3,166,869 SH   DFND 1 3,055,607 0 111,262
TARGET CORP COM 87612E106 44,999 860,565 SH   DFND 1 833,183 0 27,382
TAYLOR MORRISON HOME CORP CL A 87724P106 52,270 2,176,998 SH   DFND 1,2 2,176,920 0 78
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 894 66,268 SH   DFND 1 66,268 0 0
TENARIS S A SPONSORED ADR 88031M109 18,139 582,492 SH   DFND 1,2 578,151 0 4,341
TERADYNE INC COM 880770102 74,478 2,480,106 SH   DFND 1,2 2,418,745 0 61,361
TEREX CORP NEW COM 880779103 10,758 286,867 SH   DFND 1 286,867 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 32,133 967,279 SH   DFND 1,2 964,754 0 2,525
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 26,440 341,598 SH   DFND 1,2 341,598 0 0
TIME WARNER INC COM NEW 887317303 28,969 288,510 SH   DFND 1 275,925 0 12,585
TOTAL S A SPONSORED ADR 89151E109 3,593 72,450 SH   DFND 1 72,450 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 43,670 415,825 SH   DFND 1,2 414,533 0 1,292
TPG SPECIALTY LENDING INC COM 87265K102 280 13,679 SH   DFND 1 13,679 0 0
TREEHOUSE FOODS INC COM 89469A104 94,868 1,161,319 SH   DFND 1,2 1,161,300 0 19
TRI POINTE GROUP INC COM 87265H109 85,914 6,513,545 SH   DFND 1,2 6,513,404 0 141
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 8,720 1,063,439 SH   DFND 1 1,055,728 0 7,711
UBS GROUP AG SHS H42097107 47,484 2,796,476 SH   DFND 1,2 2,786,859 0 9,617
UNION PAC CORP COM 907818108 66,545 611,006 SH   DFND 1 590,570 0 20,436
UNITEDHEALTH GROUP INC COM 91324P102 336 1,813 SH   DFND 1 1,813 0 0
UNIVERSAL ELECTRS INC COM 913483103 12,181 182,214 SH   DFND 1,2 182,214 0 0
UNUM GROUP COM 91529Y106 125,421 2,689,712 SH   DFND 1 2,620,205 0 69,507
VERIFONE SYS INC COM 92342Y109 5,440 300,538 SH   DFND 1 300,538 0 0
VIACOM INC NEW CL B 92553P201 67,986 2,025,206 SH   DFND 1 1,970,767 0 54,439
VIASAT INC COM 92552V100 43,699 660,107 SH   DFND 1,2 642,890 0 17,217
WAL-MART STORES INC COM 931142103 4,309 56,942 SH   DFND 1 56,942 0 0
WELLS FARGO CO NEW COM 949746101 50,898 918,573 SH   DFND 1 886,284 0 32,289
WELLS FARGO CO NEW PERP PFD CNV A 949746804 15 11,435 PRN   DFND 1 11,435 0 0
WESTERN ALLIANCE BANCORP COM 957638109 92,290 1,875,812 SH   DFND 1,2 1,875,772 0 40
WOODWARD INC COM 980745103 7,893 116,789 SH   DFND 1,2 116,789 0 0
XL GROUP LTD COM G98294104 10,029 228,976 SH   DFND 1,2 228,976 0 0