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 2,106 22,247 SH   SOLE 0 22,247 0 0
ACME UNITED INC COM 004816104 474 22,727 SH   SOLE 0 22,727 0 0
AECOM TECH CORP. COM 00766T100 882 24,750 SH   SOLE 0 24,750 0 0
AMC NETWORKS INC CL A 00164V103 1,992 38,528 SH   SOLE 0 38,528 0 0
AMDOCS LTD. SHS G02602103 2,351 35,242 SH   SOLE 0 35,242 0 0
ANIXTER INTL COM 035290105 2,267 29,921 SH   SOLE 0 29,921 0 0
APOGEE ENTERPRISES COM 037598109 2,152 49,645 SH   SOLE 0 49,645 0 0
APPLE COM 037833100 5,653 33,695 SH   SOLE 0 33,695 0 0
APPLIED MATLS INC COM COM 038222105 2,458 44,197 SH   SOLE 0 44,197 0 0
ARES CAPITAL CORPORATION COM 04010L103 2,261 142,476 SH   SOLE 0 142,476 0 0
ARES COMMERCIAL REAL ESTATE GROUP COM 04013V108 2,207 178,716 SH   SOLE 0 178,716 0 0
ARGAN COM 04010E109 263 6,127 SH   SOLE 0 6,127 0 0
ARROW ELECTRS INC COM COM 042735100 2,307 29,952 SH   SOLE 0 29,952 0 0
BAE SYSTEMS PLC ADR 05523R107 1,718 51,650 SH   SOLE 0 51,650 0 0
BELDEN CDT COM 077454106 2,209 32,045 SH   SOLE 0 32,045 0 0
BERKSHIRE HATHAWAY INC CL B CL B 084670702 5,564 27,893 SH   SOLE 0 27,893 0 0
BLACKSTONE MORTGAGE TRUST CL A 09257W100 2,170 69,075 SH   SOLE 0 69,075 0 0
CARNIVAL CORP. UNIT 143658300 2,036 31,053 SH   SOLE 0 31,053 0 0
CBS CL B 124857202 1,917 37,299 SH   SOLE 0 37,299 0 0
CELANESE CORP COM 150870103 2,158 21,535 SH   SOLE 0 21,535 0 0
CELGENE CORP COM 151020104 1,807 20,260 SH   SOLE 0 20,260 0 0
CENTURY BANCORP CL A 156432106 223 2,812 SH   SOLE 0 2,812 0 0
CHUBB LIMITED COM H1467J104 2,260 16,522 SH   SOLE 0 16,522 0 0
COHU INC COM COM 192576106 971 42,562 SH   SOLE 0 42,562 0 0
COMCAST CL A CL A 20030N101 2,195 64,230 SH   SOLE 0 64,230 0 0
D R HORTON INC COM COM 23331A109 2,492 56,853 SH   SOLE 0 56,853 0 0
DAIMLER AG ADR D1668R123 2,417 28,496 SH   SOLE 0 28,496 0 0
DELUXE CORP. COM 248019101 2,633 35,571 SH   SOLE 0 35,571 0 0
DISNEY WALT CO COM COM 254687106 2,119 21,098 SH   SOLE 0 21,098 0 0
DXC TECHNOLOGY COMPANY COM 23355L106 2,447 24,341 SH   SOLE 0 24,341 0 0
EVEREST RE COM G3223R108 2,543 9,902 SH   SOLE 0 9,902 0 0
FEDEX CORP COM 31428X106 2,624 10,930 SH   SOLE 0 10,930 0 0
FREEPORT MCMORAN CL B 35671D857 2,389 135,945 SH   SOLE 0 135,945 0 0
GOLDMAN SACHS COM 38141G104 2,436 9,672 SH   SOLE 0 9,672 0 0
GRAY TELEVISION INC COM 389375106 1,906 150,042 SH   SOLE 0 150,042 0 0
GULFPORT ENERGY CORP COM 402635304 300 31,070 SH   SOLE 0 31,070 0 0
HI CRUSH PARTNERS LP COM 428337109 2,236 210,964 SH   SOLE 0 210,964 0 0
HOOKER FURNITURE CORP COM 439038100 1,846 50,290 SH   SOLE 0 50,290 0 0
ICHOR HOLDINGS SHS G4740B105 1,910 78,900 SH   SOLE 0 78,900 0 0
INTEL CORP COM COM 458140100 2,636 50,624 SH   SOLE 0 50,624 0 0
INTERPUBLIC GROUP COM 460690100 756 32,834 SH   SOLE 0 32,834 0 0
KLA-TENCOR CORP COM COM 482480100 294 2,695 SH   SOLE 0 2,695 0 0
LABORATORY CORP. OF AMERICA COM 50540R409 2,300 14,222 SH   SOLE 0 14,222 0 0
LAM RESEARCH CORP COM 512807108 2,557 12,586 SH   SOLE 0 12,586 0 0
LENNAR CORP CL A CL A 526057104 2,403 40,769 SH   SOLE 0 40,769 0 0
LYONDELLBASELL INDUSTRIES SHS N53745100 1,875 17,739 SH   SOLE 0 17,739 0 0
M/I HOMES INC COM 55305B101 2,387 74,957 SH   SOLE 0 74,957 0 0
MAGNA INTL INC COM 559222401 2,475 43,924 SH   SOLE 0 43,924 0 0
MILACRON HOLDINGS CORP COM 59870L106 2,489 123,566 SH   SOLE 0 123,566 0 0
MURPHY OIL CORP COM 626717102 1,701 65,834 SH   SOLE 0 65,834 0 0
NOBLE ENERGY COM 655044105 1,792 59,150 SH   SOLE 0 59,150 0 0
NORBORD INC COM 65548P403 2,047 56,354 SH   SOLE 0 56,354 0 0
OAK VALLEY BANCORP COM 671807105 368 16,509 SH   SOLE 0 16,509 0 0
OMNICOM GROUP INC COM 681919106 2,503 34,447 SH   SOLE 0 34,447 0 0
ON SEMICONDUCTOR CORP COM 682189105 2,443 99,887 SH   SOLE 0 99,887 0 0
PILGRIMS PRIDE CORP COM 72147K108 2,165 87,960 SH   SOLE 0 87,960 0 0
PVH Corp COM 693656100 1,546 10,207 SH   SOLE 0 10,207 0 0
RIO TINTO PLC ADS ADR 767204100 225 4,360 SH   SOLE 0 4,360 0 0
ROCHE HOLDINGS LIMITED ADR 771195104 1,985 69,356 SH   SOLE 0 69,356 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 2,253 19,138 SH   SOLE 0 19,138 0 0
ROYAL DUTCH SHELL ADS ADR 780259206 2,519 39,482 SH   SOLE 0 39,482 0 0
SCRIPPS EW CO CL A 811054402 1,822 151,936 SH   SOLE 0 151,936 0 0
SENSATA TECHNOLOGY SHS G8060N102 1,980 38,196 SH   SOLE 0 38,196 0 0
SINCLAIR BROADCASTING GROUP CL A 829226109 2,407 76,894 SH   SOLE 0 76,894 0 0
SPECTRUM BRANDS INC COM 84763R101 1,308 12,618 SH   SOLE 0 12,618 0 0
STATOIL HYDRO ASA ADR 85771p102 2,436 103,012 SH   SOLE 0 103,012 0 0
STORE CAPITAL CORP COM 862121100 2,433 98,026 SH   SOLE 0 98,026 0 0
TECH DATA CORP COM 878237106 1,840 21,609 SH   SOLE 0 21,609 0 0
TENNECO INC COM 880349105 1,973 35,950 SH   SOLE 0 35,950 0 0
THOR INDUSTRIES INC COM 885160101 2,095 18,190 SH   SOLE 0 18,190 0 0
TOWER INTERNATIONAL COM 891826109 632 22,758 SH   SOLE 0 22,758 0 0
TOWER SEMICONDUCTOR ORD SHS M87915274 1,819 67,591 SH   SOLE 0 67,591 0 0
TRIPLE POINT VENTURE GROWTH COM 89677Y100 2,082 174,226 SH   SOLE 0 174,226 0 0
TYSON FOODS CL A 902494103 2,307 31,519 SH   SOLE 0 31,519 0 0
ULTRA CLEAN HOLDINGS COM 90385V107 1,917 99,607 SH   SOLE 0 99,607 0 0
UNIT CORP COM 909218109 523 26,461 SH   SOLE 0 26,461 0 0
UNUM GROUP COM 91529Y106 2,192 46,036 SH   SOLE 0 46,036 0 0
US BANCORP DEL COM COM 902973304 2,297 45,481 SH   SOLE 0 45,481 0 0
WELLS FARGO AND CO COM 949746101 2,081 39,712 SH   SOLE 0 39,712 0 0
WHIRLPOOL CORP COM 963320106 1,771 11,564 SH   SOLE 0 11,564 0 0
WPP PLC ADR 92937A102 1,705 21,430 SH   SOLE 1 21,430 1 0
ZIMMER BIOMET HOLDINGS COM 98956P102 2,164 19,843 SH   SOLE 2 19,843 2 0