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
ADVANCE AUTO PARTS INC COM 00751Y106 43,388 319,733 SH   DFND 1 305,506 0 14,227
ALBANY INTL CORP CL A 012348108 52,014 864,734 SH   DFND 1,2 864,734 0 0
ALLERGAN PLC SHS G0177J108 62,216 373,179 SH   DFND 1 356,360 0 16,819
ALPHABET INC CAP STK CL A 02079K305 38,893 34,443 SH   DFND 1 32,647 0 1,796
AMERICAN INTL GROUP INC COM NEW 026874784 41,569 784,030 SH   DFND 1 742,939 0 41,091
AMERIS BANCORP COM 03076K108 49,805 933,552 SH   DFND 1,2 933,552 0 0
AON PLC SHS CL A G0408V102 40,636 296,247 SH   DFND 1 283,525 0 12,722
APARTMENT INVT & MGMT CO CL A 03748R101 9,070 214,429 SH   DFND 1 214,429 0 0
APOGEE ENTERPRISES INC COM 037598109 30,007 622,934 SH   DFND 1,2 622,934 0 0
APPLE INC COM 037833100 523 2,823 SH   DFND 1 2,823 0 0
ARES CAP CORP COM 04010L103 16,604 1,009,344 SH   DFND 1 1,009,344 0 0
ARRIS INTL INC SHS G0551A103 52,323 2,140,450 SH   DFND 1,2 2,062,307 0 78,143
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 52,499 1,289,906 SH   DFND 1 1,289,906 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 21,301 606,687 SH   DFND 1 606,687 0 0
ASTRONICS CORP COM 046433108 28,171 783,177 SH   DFND 1,2 783,177 0 0
AT&T INC COM 00206R102 8,512 265,084 SH   DFND 1 250,209 0 14,875
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 56,489 1,015,621 SH   DFND 1,2 1,013,647 0 1,974
B RILEY FINL INC COM 05580M108 21,098 935,606 SH   DFND 1 935,606 0 0
BANK AMER CORP COM 060505104 47,372 1,680,448 SH   DFND 1 1,597,604 0 82,844
BANK AMER CORP 7.25%CNV PFD L 060505682 6,625 5,300 PRN   DFND 1 5,300 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 101,038 2,209,940 SH   DFND 1,2 2,209,897 0 43
BANKUNITED INC COM 06652K103 19,721 482,759 SH   DFND 1 482,759 0 0
BANNER CORP COM NEW 06652V208 19,158 318,604 SH   DFND 1 318,604 0 0
BEMIS INC COM 081437105 30,213 715,784 SH   DFND 1,2 715,784 0 0
BIO RAD LABS INC CL A 090572207 50,137 173,760 SH   DFND 1,2 170,347 0 3,413
BMC STK HLDGS INC COM 05591B109 44,152 2,117,614 SH   DFND 1,2 2,117,614 0 0
BOISE CASCADE CO DEL COM 09739D100 29,118 651,406 SH   DFND 1,2 651,406 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 30,805 1,824,947 SH   DFND 1,2 1,824,947 0 0
CANADIAN NAT RES LTD COM 136385101 33,620 932,090 SH   DFND 1,2 929,914 0 2,176
CARRIZO OIL & GAS INC COM 144577103 112,893 4,053,623 SH   DFND 1,2 4,053,623 0 0
CBS CORP NEW CL B 124857202 32,874 584,736 SH   DFND 1 558,544 0 26,192
CHENIERE ENERGY INC COM NEW 16411R208 44,494 682,526 SH   DFND 1 653,224 0 29,302
CHEVRON CORP NEW COM 166764100 53,069 419,748 SH   DFND 1 405,010 0 14,738
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 8,252 91,851 SH   DFND 1 91,280 0 571
CISCO SYS INC COM 17275R102 534 12,416 SH   DFND 1 12,416 0 0
CIT GROUP INC COM NEW 125581801 126,492 2,509,263 SH   DFND 1,2 2,427,697 0 81,566
CITIGROUP INC COM NEW 172967424 110,268 1,647,757 SH   DFND 1 1,588,528 0 59,229
CNA FINL CORP COM 126117100 13,756 301,128 SH   DFND 1 301,128 0 0
COCA COLA CO COM 191216100 43,387 989,208 SH   DFND 1 931,705 0 57,503
COHERENT INC COM 192479103 57,155 365,397 SH   DFND 1,2 365,386 0 11
COLONY CAP INC NEW CL A COM 19626G108 47,375 7,592,122 SH   DFND 1 7,283,864 0 308,258
CRAY INC COM NEW 225223304 12,691 515,881 SH   DFND 1 515,881 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 2,775 186,509 SH   DFND 1 186,425 0 84
CYPRESS SEMICONDUCTOR CORP COM 232806109 31,077 1,994,674 SH   DFND 1,2 1,994,534 0 140
DELTA AIR LINES INC DEL COM NEW 247361702 49,332 995,796 SH   DFND 1 966,875 0 28,921
DELTA AIR LINES INC DEL COM NEW 247361702 5,717 115,400 SH Call DFND 1 115,400 0 0
DISCOVER FINL SVCS COM 254709108 66,073 938,397 SH   DFND 1 896,381 0 42,016
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 294 3,025 PRN   DFND 1 3,025 0 0
DOMINION ENERGY MIDSTRM PRTN COM UT REP LTD 257454108 10,939 804,320 SH   DFND 1 804,320 0 0
DOWDUPONT INC COM 26078J100 69,975 1,061,510 SH   DFND 1 1,028,069 0 33,441
EATON CORP PLC SHS G29183103 9,820 131,394 SH   DFND 1 131,394 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 6,690 268,690 SH   DFND 1,2 267,041 0 1,649
ENERSYS COM 29275Y102 48,805 653,876 SH   DFND 1,2 653,876 0 0
ENTEGRIS INC COM 29362U104 37,129 1,095,243 SH   DFND 1 1,095,243 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 24,064 869,664 SH   DFND 1 869,664 0 0
EQT CORP COM 26884L109 132,858 2,407,715 SH   DFND 1,2 2,318,918 0 88,797
EURONET WORLDWIDE INC COM 298736109 24,128 288,027 SH   DFND 1,2 288,027 0 0
EVERGY INC COM 30034W106 12,876 229,309 SH   DFND 1 229,309 0 0
EXXON MOBIL CORP COM 30231G102 483 5,835 SH   DFND 1 5,835 0 0
FIRST DATA CORP NEW COM CL A 32008D106 67,450 3,222,648 SH   DFND 1 3,083,944 0 138,704
FIRST HORIZON NATL CORP COM 320517105 55,647 3,119,240 SH   DFND 1,2 3,031,172 0 88,068
FIRSTENERGY CORP COM 337932107 99,955 2,783,493 SH   DFND 1 2,699,649 0 83,844
FLEX LTD ORD Y2573F102 29,656 2,101,795 SH   DFND 1,2 2,096,891 0 4,904
FOOT LOCKER INC COM 344849104 38,192 725,396 SH   DFND 1 699,122 0 26,274
FREDS INC CL A 356108100 6,317 2,770,654 SH   DFND 1,2 2,770,654 0 0
GENERAL MTRS CO COM 37045V100 63,659 1,615,707 SH   DFND 1 1,544,019 0 71,688
GILEAD SCIENCES INC COM 375558103 51,087 721,158 SH   DFND 1 697,756 0 23,402
GLATFELTER COM 377316104 59,706 3,047,786 SH   DFND 1,2 3,047,786 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 86,666 2,149,989 SH   DFND 1,2 2,092,151 0 57,838
GLOBUS MED INC CL A 379577208 29,073 576,152 SH   DFND 1,2 576,152 0 0
GP STRATEGIES CORP COM 36225V104 14,550 826,697 SH   DFND 1 826,697 0 0
HAVERTY FURNITURE INC COM 419596101 11,173 517,260 SH   DFND 1,2 517,260 0 0
HESS CORP COM 42809H107 90,396 1,351,416 SH   DFND 1 1,290,663 0 60,753
HILLTOP HOLDINGS INC COM 432748101 25,457 1,153,448 SH   DFND 1 1,153,448 0 0
HNI CORP COM 404251100 10,029 269,595 SH   DFND 1 269,595 0 0
HOMESTREET INC COM 43785V102 47,935 1,778,662 SH   DFND 1 1,778,662 0 0
HONEYWELL INTL INC COM 438516106 221 1,533 SH   DFND 1 1,533 0 0
HOOKER FURNITURE CORP COM 439038100 65,263 1,391,542 SH   DFND 1 1,391,542 0 0
HOPE BANCORP INC COM 43940T109 20,487 1,149,006 SH   DFND 1 1,149,006 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 17,778 377,130 SH   DFND 1 374,665 0 2,465
ING GROEP N V SPONSORED ADR 456837103 44,616 3,115,640 SH   DFND 1,2 3,028,770 0 86,870
INGERSOLL-RAND PLC SHS G47791101 42,010 468,177 SH   DFND 1 447,012 0 21,165
INNOSPEC INC COM 45768S105 16,297 212,897 SH   DFND 1 212,897 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 34,124 1,070,394 SH   DFND 1 1,070,394 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 40,050 303,590 SH   DFND 1 303,590 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 3,869 31,878 SH   DFND 1 31,878 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,123 46,637 SH   DFND 1 46,637 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 3,879 61,099 SH   DFND 1 61,099 0 0
JPMORGAN CHASE & CO COM 46625H100 88,179 846,251 SH   DFND 1 812,672 0 33,579
KAISER ALUMINUM CORP COM PAR $0.01 483007704 38,950 374,124 SH   DFND 1 374,124 0 0
LANDEC CORP COM 514766104 51,498 3,456,270 SH   DFND 1 3,456,270 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 31,345 4,778,216 SH   DFND 1,2 4,778,216 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 739 10,650 PRN   DFND 1 10,650 0 0
LIVANOVA PLC SHS G5509L101 38,856 389,262 SH   DFND 1,2 389,223 0 39
LOEWS CORP COM 540424108 30,051 622,427 SH   DFND 1 599,653 0 22,774
LOUISIANA PAC CORP COM 546347105 11,590 425,802 SH   DFND 1 425,802 0 0
LUMENTUM HLDGS INC COM 55024U109 1,952 33,710 SH   DFND 1,2 33,710 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 20,451 554,977 SH   DFND 1,2 553,601 0 1,376
MATERION CORP COM 576690101 15,122 279,261 SH   DFND 1,2 279,261 0 0
MCDERMOTT INTL INC COM 580037703 59,587 3,032,395 SH   DFND 1,2 2,972,884 0 59,511
MEDEQUITIES RLTY TR INC COM 58409L306 6,821 618,982 SH   DFND 1 618,982 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 69,782 827,786 SH   DFND 1,2 827,753 0 33
METHODE ELECTRS INC COM 591520200 27,908 692,513 SH   DFND 1 692,513 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 13,061 428,800 SH   DFND 1 428,800 0 0
MICRON TECHNOLOGY INC COM 595112103 615 11,725 SH   DFND 1 11,725 0 0
MICROSOFT CORP COM 594918104 13,352 135,400 SH   DFND 1 135,400 0 0
MITEL NETWORKS CORP COM 60671Q104 65,514 5,972,116 SH   DFND 1,2 5,972,116 0 0
NEENAH INC COM 640079109 20,311 239,376 SH   DFND 1 239,376 0 0
NEWFIELD EXPL CO COM 651290108 49,140 1,624,476 SH   DFND 1 1,567,299 0 57,177
NEXTERA ENERGY INC UNIT 08/31/2018 65339F846 22,845 306,400 PRN   DFND 1 306,400 0 0
NORDSTROM INC COM 655664100 293 5,657 SH   DFND 1 5,657 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 21,305 254,598 SH   DFND 1 239,302 0 15,296
ORACLE CORP COM 68389X105 107,626 2,442,711 SH   DFND 1 2,367,396 0 75,315
PACWEST BANCORP DEL COM 695263103 38,579 780,628 SH   DFND 1,2 780,628 0 0
PDC ENERGY INC COM 69327R101 90,549 1,497,922 SH   DFND 1,2 1,497,922 0 0
PFIZER INC COM 717081103 24,639 679,136 SH   DFND 1 648,574 0 30,562
POSCO SPONSORED ADR 693483109 14,104 190,292 SH   DFND 1 189,082 0 1,210
POTLATCHDELTIC CORPORATION COM 737630103 6,270 123,295 SH   DFND 1,2 123,295 0 0
QORVO INC COM 74736K101 6,186 77,164 SH   DFND 1,2 77,164 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 26,278 1,989,219 SH   DFND 1,2 1,989,219 0 0
RAYTHEON CO COM NEW 755111507 31,614 163,648 SH   DFND 1 154,311 0 9,337
REINSURANCE GROUP AMER INC COM NEW 759351604 4,638 34,748 SH   DFND 1,2 34,748 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 9,930 113,429 SH   DFND 1,2 113,429 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 54,246 450,848 SH   DFND 1 433,096 0 17,752
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 18,291 2,689,820 SH   DFND 1,2 2,673,629 0 16,191
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 49,787 685,302 SH   DFND 1,2 683,671 0 1,631
SANOFI SPONSORED ADR 80105N105 16,449 411,129 SH   DFND 1,2 408,535 0 2,594
SAP SE SPON ADR 803054204 11,479 99,244 SH   DFND 1,2 98,631 0 613
SCHLUMBERGER LTD COM 806857108 23,977 357,708 SH   DFND 1 336,867 0 20,841
SK TELECOM LTD SPONSORED ADR 78440P108 46,441 1,991,458 SH   DFND 1,2 1,986,747 0 4,711
SNAP ON INC COM 833034101 6,123 38,097 SH   DFND 1,2 38,097 0 0
SOUTHWEST AIRLS CO COM 844741108 49,573 974,310 SH   DFND 1 930,169 0 44,141
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 40,011 112,700 SH   DFND 1 112,700 0 0
SRC ENERGY INC COM 78470V108 51,306 4,655,687 SH   DFND 1 4,655,687 0 0
STATE STR CORP COM 857477103 1,229 13,200 SH   DFND 1 13,200 0 0
STONERIDGE INC COM 86183P102 27,133 772,128 SH   DFND 1 772,128 0 0
SUNCOR ENERGY INC NEW COM 867224107 50,924 1,251,807 SH   DFND 1 1,193,772 0 58,035
SYNCHRONY FINL COM 87165B103 67,237 2,014,282 SH   DFND 1 1,932,198 0 82,084
TARGET CORP COM 87612E106 26,466 347,682 SH   DFND 1 332,493 0 15,189
TAYLOR MORRISON HOME CORP CL A 87724P106 58,131 2,797,473 SH   DFND 1,2 2,797,395 0 78
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 883 74,405 SH   DFND 1 74,405 0 0
TENARIS S A SPONSORED ADR 88031M109 20,046 550,865 SH   DFND 1,2 547,493 0 3,372
TERADYNE INC COM 880770102 41,761 1,096,956 SH   DFND 1,2 1,055,565 0 41,391
TEREX CORP NEW COM 880779103 9,011 213,577 SH   DFND 1 213,577 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 23,802 260,130 SH   DFND 1,2 260,130 0 0
TOTAL S A SPONSORED ADR 89151E109 4,860 80,255 SH   DFND 1 80,255 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 48,054 373,059 SH   DFND 1,2 372,138 0 921
TRI POINTE GROUP INC COM 87265H109 61,584 3,764,328 SH   DFND 1,2 3,764,187 0 141
TRINITY INDS INC COM 896522109 61,332 1,790,188 SH   DFND 1 1,708,114 0 82,074
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 7,617 1,164,660 SH   DFND 1 1,157,177 0 7,483
UBS GROUP AG SHS H42097107 38,983 2,541,250 SH   DFND 1,2 2,534,520 0 6,730
UNION PAC CORP COM 907818108 8,990 63,453 SH   DFND 1 63,405 0 48
UNION PAC CORP COM 907818108 737 5,200 SH Call DFND 1 5,200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 303 1,233 SH   DFND 1 1,233 0 0
UNUM GROUP COM 91529Y106 48,470 1,310,363 SH   DFND 1 1,252,429 0 57,934
VIACOM INC NEW CL B 92553P201 48,877 1,620,574 SH   DFND 1 1,561,792 0 58,782
VIASAT INC COM 92552V100 31,127 473,637 SH   DFND 1,2 459,203 0 14,434
WELLS FARGO CO NEW COM 949746101 29,876 538,887 SH   DFND 1 512,002 0 26,885
WELLS FARGO CO NEW PERP PFD CNV A 949746804 15,215 12,085 PRN   DFND 1 12,085 0 0
WESTERN ALLIANCE BANCORP COM 957638109 78,689 1,390,011 SH   DFND 1,2 1,389,971 0 40