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 1,708 18,521 SH   SOLE 0 18,521 0 0
AECOM TECH CORP. COM 00766T100 807 24,050 SH   SOLE 0 24,050 0 0
AMC NETWORKS INC CL A 00164V103 2,089 34,642 SH   SOLE 0 34,642 0 0
AMDOCS LTD. SHS G02602103 2,282 33,769 SH   SOLE 0 33,769 0 0
ANIXTER INTL COM 035290105 2,162 29,652 SH   SOLE 0 29,652 0 0
APOGEE ENTERPRISES COM 037598109 2,435 47,972 SH   SOLE 0 47,972 0 0
APPLE COM 037833100 5,479 28,792 SH   SOLE 0 28,792 0 0
APPLIED MATLS INC COM COM 038222105 2,099 43,155 SH   SOLE 0 43,155 0 0
ARES CAPITAL CORPORATION COM 04010L103 2,338 138,756 SH   SOLE 0 138,756 0 0
ARES COMMERCIAL REAL ESTATE GROUP COM 04013V108 2,530 179,152 SH   SOLE 0 179,152 0 0
ARRIS INTERNATIONAL COM G0551A103 212 8,410 SH   SOLE 0 8,410 0 0
ARROW ELECTRS INC COM COM 042735100 2,234 29,459 SH   SOLE 0 29,459 0 0
BAE SYSTEMS PLC PLC 05523R107 1,745 50,195 SH   SOLE 0 50,195 0 0
BANK OF AMERICA CORP COM 060505104 283 9,150 SH   SOLE 0 9,150 0 0
BELDEN CDT COM 077454106 2,202 34,012 SH   SOLE 0 34,012 0 0
BERKSHIRE HATHAWAY INC CL B CL B 084670702 4,811 24,313 SH   SOLE 0 24,313 0 0
BLACKSTONE MORTGAGE TRUST CL A 09257W100 2,255 68,050 SH   SOLE 0 68,050 0 0
BORG WARNER COM 099724106 1,055 22,918 SH   SOLE 0 22,918 0 0
CARNIVAL CORP. UNIT 143658300 1,965 33,170 SH   SOLE 0 33,170 0 0
CBS CL B 124857202 1,903 36,131 SH   SOLE 0 36,131 0 0
CELANESE CORP COM 150870103 2,466 20,881 SH   SOLE 0 20,881 0 0
CENTURY BANCORP CL A 156432106 740 9,568 SH   SOLE 0 9,568 0 0
CHUBB LIMITED COM H1467J104 2,389 17,097 SH   SOLE 0 17,097 0 0
COHU INC COM COM 192576106 1,042 41,386 SH   SOLE 0 41,386 0 0
COMCAST CL A CL A 20030N101 2,545 71,127 SH   SOLE 0 71,127 0 0
D R HORTON INC COM COM 23331A109 2,378 54,427 SH   SOLE 0 54,427 0 0
DAIMLER AG ADR D1668R123 1,918 27,721 SH   SOLE 0 27,721 0 0
DELUXE CORP. COM 248019101 1,977 33,544 SH   SOLE 0 33,544 0 0
DISNEY WALT CO COM COM 254687106 2,352 20,715 SH   SOLE 0 20,715 0 0
DXC TECHNOLOGY COMPANY COM 23355L106 2,061 24,319 SH   SOLE 0 24,319 0 0
EQUINOR ASA ADR 29446M102 2,140 80,862 SH   SOLE 0 80,862 0 0
EVEREST RE COM G3223R108 2,115 9,685 SH   SOLE 0 9,685 0 0
FEDEX CORP COM 31428X106 2,310 9,394 SH   SOLE 0 9,394 0 0
GOLDMAN SACHS COM 38141G104 2,252 9,485 SH   SOLE 0 9,485 0 0
GRAY TELEVISION INC COM 389375106 2,291 148,293 SH   SOLE 0 148,293 0 0
GULFPORT ENERGY CORP COM 402635304 1,841 159,945 SH   SOLE 0 159,945 0 0
HERCULES CAPITAL INC COM 427096508 411 30,416 SH   SOLE 0 30,416 0 0
HI CRUSH PARTNERS LP COM 428337109 2,695 176,749 SH   SOLE 0 176,749 0 0
HOOKER FURNITURE CORP COM 439038100 1,582 35,126 SH   SOLE 0 35,126 0 0
ICHOR HOLDINGS SHS G4740B105 1,632 77,710 SH   SOLE 0 77,710 0 0
INTEL CORP COM COM 458140100 2,274 47,280 SH   SOLE 0 47,280 0 0
INTERPUBLIC GROUP COM 460690100 698 30,949 SH   SOLE 0 30,949 0 0
JP MORGAN CHASE AND CO COM 46625H100 2,439 21,216 SH   SOLE 0 21,216 0 0
KLA-TENCOR CORP COM COM 482480100 313 2,669 SH   SOLE 0 2,669 0 0
KNOLL INC COM 498904200 2,004 88,885 SH   SOLE 0 88,885 0 0
LABORATORY CORP. OF AMERICA COM 50540R409 2,415 13,776 SH   SOLE 0 13,776 0 0
LAM RESEARCH CORP COM 512807108 2,321 12,174 SH   SOLE 0 12,174 0 0
LENNAR CORP CL A CL A 526057104 2,112 40,401 SH   SOLE 0 40,401 0 0
LYONDELLBASELL INDUSTRIES SHS N53745100 1,941 17,517 SH   SOLE 0 17,517 0 0
M/I HOMES INC COM 55305B101 1,897 73,355 SH   SOLE 0 73,355 0 0
MAGNA INTL INC COM 559222401 2,050 33,726 SH   SOLE 0 33,726 0 0
MERCHANTS BANCORP COM 58844R108 291 11,881 SH   SOLE 0 11,881 0 0
MURPHY OIL CORP COM 626717102 2,140 64,336 SH   SOLE 0 64,336 0 0
NOBLE ENERGY COM 655044105 2,471 68,479 SH   SOLE 0 68,479 0 0
NORBORD INC COM 65548P403 1,868 52,021 SH   SOLE 0 52,021 0 0
OAK VALLEY BANCORP COM 671807105 373 17,006 SH   SOLE 0 17,006 0 0
OMNICOM GROUP INC COM 681919106 2,182 31,708 SH   SOLE 0 31,708 0 0
ON SEMICONDUCTOR CORP COM 682189105 2,167 98,282 SH   SOLE 0 98,282 0 0
PERSPECTA INC COM 715347100 1,638 75,500 SH   SOLE 0 75,500 0 0
PILGRIMS PRIDE CORP COM 72147K108 1,667 93,520 SH   SOLE 0 93,520 0 0
PRINCIPAL FINANCIAL GROUP COM 74251V102 2,175 37,449 SH   SOLE 0 37,449 0 0
PVH Corp COM 693656100 1,199 7,809 SH   SOLE 0 7,809 0 0
ROCHE HOLDINGS LIMITED ADR 771195104 2,054 66,985 SH   SOLE 0 66,985 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 2,375 21,063 SH   SOLE 0 21,063 0 0
SCRIPPS EW CO CL A 811054402 1,924 146,866 SH   SOLE 0 146,866 0 0
SENSATA TECHNOLOGY SHS G8060N102 2,039 37,505 SH   SOLE 0 37,505 0 0
SINCLAIR BROADCASTING GROUP CL A 829226109 2,017 78,188 SH   SOLE 0 78,188 0 0
SKYWORKS SOLUTIONS COM 83088M102 1,792 18,943 SH   SOLE 0 18,943 0 0
SPECTRUM BRANDS INC COM 84790A105 1,085 12,417 SH   SOLE 0 12,417 0 0
SRC ENERGY INC COM 78470V108 128 11,300 SH   SOLE 0 11,300 0 0
STAG INDUSTRIAL COM 85254J102 1,930 70,634 SH   SOLE 0 70,634 0 0
STORE CAPITAL CORP COM 862121100 2,592 94,422 SH   SOLE 0 94,422 0 0
SYNNEX CORP COM 87162W100 1,553 16,097 SH   SOLE 0 16,097 0 0
TENNECO INC COM 880349105 1,617 35,084 SH   SOLE 0 35,084 0 0
THOR INDUSTRIES INC COM 885160101 1,923 20,270 SH   SOLE 0 20,270 0 0
TOWER INTERNATIONAL COM 891826109 670 20,753 SH   SOLE 0 20,753 0 0
TOWER SEMICONDUCTOR ORD SHS M87915274 1,301 62,980 SH   SOLE 0 62,980 0 0
TRIPLE POINT VENTURE GROWTH COM 89677Y100 2,332 170,693 SH   SOLE 0 170,693 0 0
TYSON FOODS CL A 902494103 1,896 32,895 SH   SOLE 0 32,895 0 0
ULTRA CLEAN HOLDINGS COM 90385V107 1,138 84,804 SH   SOLE 0 84,804 0 0
UNIT CORP COM 909218109 596 23,942 SH   SOLE 1 23,942 1 0
UNUM GROUP COM 91529Y106 1,957 49,270 SH   SOLE 2 49,270 2 0
US BANCORP DEL COM COM 902973304 2,406 45,394 SH   SOLE 3 45,394 3 0
WABASH NATIONAL COM 929566107 463 23,387 SH   SOLE 4 23,387 4 0
WELLS FARGO AND CO COM 949746101 2,231 38,950 SH   SOLE 5 38,950 5 0
WHITING PETROLEUM COM 966387409 2,064 41,575 SH   SOLE 6 41,575 6 0
WPP PLC ADR 92937A102 1,704 21,750 SH   SOLE 7 21,750 7 0