Paradigm Asset Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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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
3M CO	COM	88579Y101	2,869,333	13,670	SH		SOLE		10,270	0	3,400
A O N CORP	COM	G0408V102	1,256,460	8,600	SH		SOLE		0	0	8,600
ABAXIS INC	COM	002567105	138,415	3,100	SH		SOLE		3,100	0	0
ABB LTD-REG	COM	007108899	1,271,472	51,390	SH		SOLE		0	0	51,390
ACTIVISION BLIZZARD	COM	00507V109	548,980	8,510	SH		SOLE		6,410	0	2,100
ADCOCK INGRAM HDGS	COM	ACI0CVG89	1,299	1,594	SH		SOLE		0	0	1,594
ADECCO SA-REG	COM	007110720	638,204	8,190	SH		SOLE		0	0	8,190
AEON MALL CO LTD	COM	006534202	402,148	22,600	SH		SOLE		0	0	22,600
AES CORP	COM	00130H105	2,378,116	215,800	SH		SOLE		162,400	0	53,400
AFFILIATED MGRS GP	COM	008252108	3,416,940	18,000	SH		SOLE		13,600	0	4,400
AGNC INVESTMENT CORP	COM	00123Q104	512,732	23,650	SH		SOLE		18,250	0	5,400
AIA GROUP LTD	COM	00B4TX8S1	6,637	900	SH		SOLE		0	0	900
AIR LIQUIDE SA	COM	00B1YXBJ7	410,640	3,078	SH		SOLE		0	0	3,078
AKZO NOBEL	COM	005458314	600,020	6,497	SH		SOLE		0	0	6,497
ALEXION PHARM.	COM	015351109	70,145	500	SH		SOLE		500	0	0
ALLETE INC COM	COM	018522300	656,965	8,500	SH		SOLE		6,900	0	1,600
ALLIANCE BERNSTEIN	COM	01881G106	490,860	20,200	SH		SOLE		20,200	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	144,008	650	SH		SOLE		650	0	0
ALLIANZ SE-REG	COM	005231485	382,199	1,702	SH		SOLE		0	0	1,702
ALLSTATE CORP.	COM	020002101	179,225	1,950	SH		SOLE		1,950	0	0
ALLY FINANCIAL INC	COM	02005N100	820,473	33,820	SH		SOLE		25,420	0	8,400
ALPHABET INC. CL A	COM	02079K305	2,629,044	2,700	SH		SOLE		2,000	0	700
ALPHABET INC. CL C	COM	02079K107	1,601,714	1,670	SH		SOLE		1,320	0	350
ALTRIA GROUP	COM	02209S103	2,337,027	36,850	SH		SOLE		27,700	0	9,150
AMADEUS IT GROUP SA	COM	00B3MSM28	389,210	5,987	SH		SOLE		0	0	5,987
AMAZON COM	COM	023135106	2,960,958	3,080	SH		SOLE		2,380	0	700
AMCOR LIMITED	COM	006066608	1,051,443	88,101	SH		SOLE		0	0	88,101
AMEC FOSTER WHEELER PLC	COM	000028262	585,704	85,683	SH		SOLE		0	0	85,683
AMERICAN TOWER CORP.	COM	03027X100	2,920,852	21,370	SH		SOLE		16,470	0	4,900
AMERICAN WTR WKS CO	COM	030420103	145,638	1,800	SH		SOLE		1,800	0	0
AMERIPRISE FINANCIAL	COM	03076C106	662,355	4,460	SH		SOLE		3,410	0	1,050
AMERISAFE INC	COM	03071H100	40,740	700	SH		SOLE		700	0	0
AMGEN INC.	COM	031162100	484,770	2,600	SH		SOLE		1,900	0	700
AMN HEALTHCARE SVC	COM	001744101	27,420	600	SH		SOLE		600	0	0
ANDEAVOR	COM	03349M105	30,945	300	SH		SOLE		300	0	0
ANSYS INC	COM	03662Q105	18,410	150	SH		SOLE		150	0	0
ANTHEM INC.	COM	036752103	189,880	1,000	SH		SOLE		1,000	0	0
APACHE CORP.	COM	037411105	2,771,816	60,520	SH		SOLE		45,520	0	15,000
APPLE INC.	COM	037833100	4,455,609	28,910	SH		SOLE		21,810	0	7,100
APPLIED INDL TECH	COM	03820C105	157,920	2,400	SH		SOLE		2,400	0	0
APPLIED MATLS INC.	COM	038222105	3,218,120	61,780	SH		SOLE		47,480	0	14,300
ARCH CAPITAL GP LTD.	COM	G0450A105	1,182,000	12,000	SH		SOLE		0	0	12,000
ARES CAP CORP	COM	04010L103	423,665	25,849	SH		SOLE		19,449	0	6,400
ASPEN TECHNOLOGY	COM	045327103	157,025	2,500	SH		SOLE		2,500	0	0
ASSURANT INC	COM	04621X108	1,155,792	12,100	SH		SOLE		9,100	0	3,000
ATHENAHEALTH INC	COM	04685W103	143,014	1,150	SH		SOLE		1,150	0	0
AUST & NZ BNKG	ADR	052528304	1,076,896	46,100	SH		SOLE		0	0	46,100
AUTOLIV INC-SWED DEP RECE	COM	005247374	379,873	3,073	SH		SOLE		0	0	3,073
AVALONBAY CMNTYS	COM	053484101	392,524	2,200	SH		SOLE		1,700	0	500
AXIS CAPITAL HDS	COM	G0692U109	934,153	16,300	SH		SOLE		0	0	16,300
BAE SYS PLC	ADR	05523R107	1,035,000	30,000	SH		SOLE		0	0	30,000
BAIDU COM INC	ADR	056752108	371,535	1,500	SH		SOLE		0	0	1,500
BAKER HUGHES A GE	COM	05722G100	270,988	7,400	SH		SOLE		5,600	0	1,800
BANCO BILBAO VIZCAYA ARGE	COM	005501906	529,425	59,229	SH		SOLE		0	0	59,229
BANDAI NAMCO HOLDINGS INC	COM	00B0JDQD4	864,141	25,200	SH		SOLE		0	0	25,200
BANK OF THE OZARKS	COM	063904106	141,748	2,950	SH		SOLE		2,950	0	0
BAYER AG-REG	COM	005069211	1,545,183	11,336	SH		SOLE		0	0	11,336
BEAZER HOMES USA	COM	07556Q881	15,554	830	SH		SOLE		830	0	0
BECTON DICKINSON & CO	COM	075887109	2,131,936	10,880	SH		SOLE		10,880	0	0
BED BATH & BEYOND	COM	075896100	44,593	1,900	SH		SOLE		1,900	0	0
BEIERSDORF AG	COM	005107401	519,568	4,828	SH		SOLE		0	0	4,828
BEST BUY INC.	COM	086516101	729,088	12,800	SH		SOLE		9,700	0	3,100
BIO-TECHNE CORP	COM	09073M104	36,267	300	SH		SOLE		300	0	0
BLACK HILLS CORP	COM	092113109	413,220	6,000	SH		SOLE		4,500	0	1,500
BLACKSTONE MORTGAGE TRU-C	COM	09257W100	2,225,065	71,730	SH		SOLE		54,030	0	17,700
BOEING CO.	COM	097023105	3,691,129	14,520	SH		SOLE		10,920	0	3,600
BRIGHTHOSE FINANCIAL	COM	10922N103	464,269	7,636	SH		SOLE		5,264	0	2,372
BRISTOL MYERS SQUIBB	COM	110122108	3,205,485	50,290	SH		SOLE		37,890	0	12,400
BRITISH AMERICAN TOBACCO	COM	000287580	28,270	451	SH		SOLE		0	0	451
BROADCOM LTD	COM	Y09827109	1,042,922	4,300	SH		SOLE		0	0	4,300
CA INC.	COM	12673P105	3,162,421	94,740	SH		SOLE		71,240	0	23,500
CABOT OIL & GAS	COM	127097103	3,189,670	119,240	SH		SOLE		89,740	0	29,500
CANADIAN NATL RAILWAY CO	COM	002180632	785,280	9,500	SH		SOLE		0	0	9,500
CANADIAN PACIFIC RAILWAY	COM	002793115	452,458	2,700	SH		SOLE		0	0	2,700
CARDINAL HEALTH INC	COM	14149Y108	2,617,910	39,120	SH		SOLE		29,970	0	9,150
CARLSBERG AS-B	COM	004169219	524,510	4,792	SH		SOLE		0	0	4,792
CASEYS GEN STORES	COM	147528103	114,923	1,050	SH		SOLE		1,050	0	0
CATALENT INC	COM	148806102	467,463	11,710	SH		SOLE		8,810	0	2,900
CATHAY GENERAL BANCORP	COM	149150104	474,360	11,800	SH		SOLE		8,900	0	2,900
CAVCO INDS INC	COM	149568107	29,510	200	SH		SOLE		200	0	0
CBOE HOLDINGS INC	COM	12503M108	1,947,027	18,090	SH		SOLE		13,640	0	4,450
CENTERPOINT ENERGY INC	COM	15189T107	134,366	4,600	SH		SOLE		4,600	0	0
CENTURYLINK INC.	COM	156700106	1,986,012	105,080	SH		SOLE		79,380	0	25,700
CGI GROUP INC - CL A	COM	002159740	822,556	15,900	SH		SOLE		0	0	15,900
CHARLES SCHWAB	COM	808513105	194,643	4,450	SH		SOLE		4,450	0	0
CHASE CORP	COM	16150R104	22,280	200	SH		SOLE		200	0	0
CHEESECAKE FACTORY	COM	163072101	16,848	400	SH		SOLE		400	0	0
CHEFS' WAREHOUSE INC	COM	163086101	28,950	1,500	SH		SOLE		1,500	0	0
CHESAPEAKE UTILITIES CORP	COM	165303108	23,475	300	SH		SOLE		300	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	92,349	300	SH		SOLE		300	0	0
CINTAS CORP	COM	172908105	173,136	1,200	SH		SOLE		1,200	0	0
CIT GROUP INC	COM	125581801	515,516	10,510	SH		SOLE		7,910	0	2,600
CITI TRENDS INC	COM	17306X102	24,838	1,250	SH		SOLE		1,250	0	0
CITIZENS FINANCIAL GROUP	COM	174610105	3,405,649	89,930	SH		SOLE		67,680	0	22,250
CME GROUP	COM	12572Q105	61,056	450	SH		SOLE		450	0	0
COACH INC	COM	189754104	1,027,140	25,500	SH		SOLE		19,200	0	6,300
COGNIZANT TECH.	COM	192446102	2,538,900	35,000	SH		SOLE		26,300	0	8,700
COHERENT INC	COM	192479103	141,102	600	SH		SOLE		600	0	0
COMCAST CORP-Cl A	COM	20030N101	2,967,578	77,120	SH		SOLE		58,020	0	19,100
COMPASS GROUP PLC	COM	00BLNN3L4	1,209,246	56,937	SH		SOLE		0	0	56,937
COMPASS MINERALS INTL	COM	20451N101	25,960	400	SH		SOLE		400	0	0
CONAGRA INC.	COM	205887102	2,510,931	74,420	SH		SOLE		56,020	0	18,400
CONCHO RESOURCES	COM	20605P101	3,202,113	24,310	SH		SOLE		18,310	0	6,000
CONTINENTAL RESOURCES	COM	212015101	104,247	2,700	SH		SOLE		2,700	0	0
COPART INC	COM	217204106	25,778	750	SH		SOLE		750	0	0
CREDIT SAISON CO LTD	COM	006591809	402,425	19,400	SH		SOLE		0	0	19,400
CULLEN FROST BANKERS	COM	229899109	123,396	1,300	SH		SOLE		1,300	0	0
CULP INC	COM	230215105	114,625	3,500	SH		SOLE		3,500	0	0
CVS CAREMARK CORP	COM	126650100	3,047,060	37,470	SH		SOLE		28,170	0	9,300
CYS INVESTMENTS INC.	COM	12673A108	455,501	52,720	SH		SOLE		39,620	0	13,100
D R HORTON INC.	COM	23331A109	183,678	4,600	SH		SOLE		4,600	0	0
DANONE	COM	00B1Y9TB3	513,224	6,541	SH		SOLE		0	0	6,541
DBS GROUP HOLDINGS LTD	COM	006175203	1,260,285	82,200	SH		SOLE		0	0	82,200
DELPHI AUTOMOTIVE PLC	COM	G27823106	1,047,960	10,650	SH		SOLE		0	0	10,650
DELTA AIR LINES	COM	247361702	2,851,249	59,130	SH		SOLE		44,530	0	14,600
DENSO CORP	COM	006640381	632,190	12,500	SH		SOLE		0	0	12,500
DEUTSCHE BOERSE AG	COM	007021963	563,781	5,200	SH		SOLE		0	0	5,200
DEVON ENERGY (NEW)	COM	25179M103	3,341,711	91,030	SH		SOLE		68,530	0	22,500
DIAGEO PLC	COM	000237400	794,957	24,155	SH		SOLE		0	0	24,155
DIEBOLD INC	COM	253651103	20,565	900	SH		SOLE		900	0	0
DIGITAL RLTY TR	COM	253868103	3,037,531	25,670	SH		SOLE		19,620	0	6,050
DISCOVER FINCL SERVICES	COM	254709108	3,438,074	53,320	SH		SOLE		40,120	0	13,200
DISH NETWORK CORP CL A	COM	25470M109	135,575	2,500	SH		SOLE		2,500	0	0
DISNEY WALT PRODTNS	COM	254687106	770,817	7,820	SH		SOLE		5,920	0	1,900
DISTRIBUIDORA INTERNACION	COM	00B55ZR92	311,993	53,477	SH		SOLE		0	0	53,477
DOLLAR GEN CORP	COM	256677105	60,788	750	SH		SOLE		750	0	0
DR PEPPER SNAPPLE GP	COM	26138E109	1,504,875	17,010	SH		SOLE		12,810	0	4,200
EDISON INTERNATIONAL	COM	281020107	408,229	5,290	SH		SOLE		3,990	0	1,300
EL PASO ELEC CO.	COM	283677854	453,050	8,200	SH		SOLE		6,200	0	2,000
ELECTRN FOR IMAGIN	COM	286082102	134,442	3,150	SH		SOLE		3,150	0	0
ELI LILLY & CO.	COM	532457108	2,934,877	34,310	SH		SOLE		25,810	0	8,500
ELLIE MAE INC	COM	28849P100	114,982	1,400	SH		SOLE		1,400	0	0
ENTERGY CORP.	COM	29364G103	1,450,076	18,990	SH		SOLE		14,240	0	4,750
EOG RESOURCES INC.	COM	26875P101	4,113,385	42,520	SH		SOLE		32,020	0	10,500
EQUINIX INC	COM	29444U700	428,448	960	SH		SOLE		760	0	200
ERIE INDEMNITY CO. CL A	COM	29530P102	434,052	3,600	SH		SOLE		2,700	0	900
ERSTE GROUP BANK AG	COM	005289837	400,842	9,278	SH		SOLE		0	0	9,278
ESSILOR INTERNATIONAL	COM	007212477	210,025	1,696	SH		SOLE		0	0	1,696
EXELON CORP.	COM	30161N101	3,695,427	98,100	SH		SOLE		73,800	0	24,300
EXPEDITORS INT'L	COM	302130109	41,902	700	SH		SOLE		700	0	0
EXPRESS SCRIPTS HDG	COM	30219G108	592,675	9,360	SH		SOLE		7,110	0	2,250
EXTREME NETWORKS	COM	30226D106	181,323	15,250	SH		SOLE		15,250	0	0
FACEBOOK INC.	COM	30303M102	401,545	2,350	SH		SOLE		2,350	0	0
FACTSET RESH SYS	COM	303075105	135,083	750	SH		SOLE		750	0	0
FAMILYMART UNY HOLDINGS C	COM	006331276	484,662	9,200	SH		SOLE		0	0	9,200
FANUC CORP	COM	006356934	678,244	3,350	SH		SOLE		0	0	3,350
FIFTH THIRD BANCORP	COM	316773100	496,925	17,760	SH		SOLE		13,360	0	4,400
FIRST ENERGY CORP	COM	337932107	447,035	14,500	SH		SOLE		10,900	0	3,600
FIRST MERCHANTS CORP	COM	320817109	135,230	3,150	SH		SOLE		3,150	0	0
FIRST REPUBLIC BANK/CA	COM	33616C100	652,875	6,250	SH		SOLE		5,150	0	1,100
FNB CORP	COM	302520101	441,945	31,500	SH		SOLE		23,700	0	7,800
FNF GROUP	COM	31620R303	727,562	15,330	SH		SOLE		11,530	0	3,800
FOMENTO ECONOMICO MEX-SP	ADR	344419106	396,450	4,150	SH		SOLE		0	0	4,150
FOX FACTORY HOLDING CORP	COM	35138V102	193,950	4,500	SH		SOLE		4,500	0	0
FRESENIUS SE & CO KGAA	COM	004352097	769,736	9,540	SH		SOLE		0	0	9,540
FULTON FINL CORP.	COM	360271100	440,625	23,500	SH		SOLE		17,700	0	5,800
GALLAGHER ARTHUR CO.	COM	363576109	3,108,891	50,510	SH		SOLE		38,010	0	12,500
GEBERIT AG-REG	COM	00B1WGG93	806,741	1,704	SH		SOLE		0	0	1,704
GENERAL MILLS INC.	COM	370334104	382,506	7,390	SH		SOLE		5,590	0	1,800
GIBRALTAR STL CORP.	COM	374689107	23,363	750	SH		SOLE		750	0	0
GILEAD SCIENCES INC.	COM	375558103	2,974,244	36,710	SH		SOLE		27,610	0	9,100
GLOBUS MEDICAL CL A	COM	379577208	31,206	1,050	SH		SOLE		1,050	0	0
GRAMERCY PROPERTY TRUST	COM	385002308	46,888	1,550	SH		SOLE		1,550	0	0
GRAPHIC PACKAGING HOLDING	COM	388689101	24,413	1,750	SH		SOLE		1,750	0	0
GRIFOLS SA-ADR	ADR	398438408	1,295,888	59,200	SH		SOLE		0	0	59,200
GROUPE BRUXELLES LAMBERT	COM	007097328	405,922	3,858	SH		SOLE		0	0	3,858
GRUPO TELEVISA SA	ADR	40049J206	273,837	11,100	SH		SOLE		0	0	11,100
GUARANTY BANCORP	COM	40075T607	303,020	10,900	SH		SOLE		6,800	0	4,100
HALLIBURTON CO.	COM	406216101	2,887,462	62,730	SH		SOLE		62,730	0	0
HARTFORD FINCL. SRV	COM	416515104	1,180,659	21,300	SH		SOLE		16,000	0	5,300
HASBRO INC.	COM	418056107	146,505	1,500	SH		SOLE		1,500	0	0
HEALTHCARE REALTY	COM	421946104	126,126	3,900	SH		SOLE		3,900	0	0
HEICO CORP-CLASS A	COM	422806208	182,880	2,400	SH		SOLE		2,400	0	0
HEINEKEN NV	COM	007792559	688,776	6,965	SH		SOLE		0	0	6,965
HELMERICH & PAYNE	COM	423452101	803,015	15,410	SH		SOLE		11,560	0	3,850
HENKEL AG & CO KGAA VORZU	COM	005076705	470,466	3,456	SH		SOLE		0	0	3,456
HERMES INTERNATIONAL	COM	005253973	510,823	1,013	SH		SOLE		0	0	1,013
HESS CORP.	COM	42809H107	3,007,056	64,130	SH		SOLE		48,230	0	15,900
HEXAGON AB-B SHS	COM	00B1XFTL2	889,368	17,982	SH		SOLE		0	0	17,982
HOLOGIC INC	COM	436440101	20,180	550	SH		SOLE		550	0	0
HOME DEPOT INC.	COM	437076102	2,991,512	18,290	SH		SOLE		13,740	0	4,550
HONEYWELL INT'L	COM	438516106	978,006	6,900	SH		SOLE		6,900	0	0
HOYA CORP	COM	006441506	1,020,011	18,900	SH		SOLE		0	0	18,900
HUMANA INC.	COM	444859102	36,545	150	SH		SOLE		150	0	0
HUNT J B TRANS SVCS	COM	445658107	183,282	1,650	SH		SOLE		1,650	0	0
HUNTINGTON BANCSHARES	COM	446150104	25,128	1,800	SH		SOLE		1,800	0	0
HUNTINGTON INGALLS INDUS	COM	446413106	169,830	750	SH		SOLE		750	0	0
ICICI BK LTD	ADR	45104G104	94,631	11,055	SH		SOLE		0	0	11,055
IDACORP	COM	451107106	439,650	5,000	SH		SOLE		3,800	0	1,200
ILLINOIS TOOL INC.	COM	452308109	2,888,179	19,520	SH		SOLE		14,720	0	4,800
ILLUMINA INC	COM	452327109	189,240	950	SH		SOLE		950	0	0
IMPERIAL OIL LTD	COM	002454241	57,369	1,800	SH		SOLE		0	0	1,800
IMPERIAL OIL LTD	COM	453038408	603,666	18,900	SH		SOLE		0	0	18,900
ING GROEP NV-CVA	COM	00BZ57390	1,769,355	95,940	SH		SOLE		0	0	95,940
INGREDION INC	COM	457187102	24,128	200	SH		SOLE		200	0	0
INSURANCE AUSTRALIA GROUP	COM	006271026	610,328	122,109	SH		SOLE		0	0	122,109
INT'L PAPER CO.	COM	460146103	3,443,292	60,600	SH		SOLE		45,600	0	15,000
INTL CONSOLIDATED AIRLINE	COM	00B5M6XQ7	36,628	4,600	SH		SOLE		0	0	4,600
INTUITIVE SURGICAL INC	COM	46120E602	209,176	200	SH		SOLE		200	0	0
INVESTOR AB-B SHS	COM	005679591	828,864	16,817	SH		SOLE		0	0	16,817
INVESTORS BANCORP INC	COM	46146L101	429,660	31,500	SH		SOLE		23,700	0	7,800
IROBOT CORP	COM	462726100	30,824	400	SH		SOLE		400	0	0
ISS A/S	COM	00BKJ9RT5	970,034	24,116	SH		SOLE		0	0	24,116
ITAU UNIBANCO HLDNG-PREF	ADR	465562106	401,342	29,295	SH		SOLE		0	0	29,295
J & J SNACK FOODS	COM	466032109	144,430	1,100	SH		SOLE		1,100	0	0
JAPAN TOBACCO INC	COM	006474535	635,608	19,400	SH		SOLE		0	0	19,400
JARDINE LLOYD THOMPSON GR	COM	000520337	14,911	908	SH		SOLE		0	0	908
JM SMUCKER CO	COM	832696405	120,670	1,150	SH		SOLE		1,150	0	0
JPMORGAN CHASE & CO	COM	46625H100	2,989,463	31,300	SH		SOLE		23,600	0	7,700
JULIUS BAER GROUP LTD	COM	00B4R2R50	332,868	5,621	SH		SOLE		0	0	5,621
KAISER ALUMINUM CORP	COM	483007704	92,826	900	SH		SOLE		900	0	0
KBC GROEP NV	COM	004497749	323,458	3,816	SH		SOLE		0	0	3,816
KDDI CORP	COM	006248990	664,224	25,200	SH		SOLE		0	0	25,200
KELLOGG CO	COM	487836108	1,709,562	27,410	SH		SOLE		20,660	0	6,750
KEYCORP	COM	493267108	3,507,107	186,350	SH		SOLE		140,950	0	45,400
KIA MOTORS CORP	COM	006490928	69,719	2,523	SH		SOLE		0	0	2,523
KIMBERLY CLARK CORP.	COM	494368103	388,344	3,300	SH		SOLE		2,450	0	850
KINGFISHER PLC	COM	003319521	286,789	71,611	SH		SOLE		0	0	71,611
KOMATSU LTD	COM	006496584	745,047	26,200	SH		SOLE		0	0	26,200
KROGER CO.	COM	501044101	1,830,876	91,270	SH		SOLE		68,670	0	22,600
KUEHNE & NAGEL INTL AG-RE	COM	00B142S60	482,717	2,605	SH		SOLE		0	0	2,605
LAM RESEARCH	COM	512807108	3,358,476	18,150	SH		SOLE		13,700	0	4,450
LAUDER ESTEE COS.	COM	518439104	3,139,222	29,110	SH		SOLE		21,910	0	7,200
LEAR CORP.	COM	521865204	2,959,668	17,100	SH		SOLE		12,900	0	4,200
LEGRAND SA	COM	00B11ZRK9	468,924	6,494	SH		SOLE		0	0	6,494
LENOVO GROUP LTD	COM	006218089	86,082	156,000	SH		SOLE		0	0	156,000
LIBERTY GLOBAL PLC-SERIES	COM	094506492	500,310	15,300	SH		SOLE		0	0	15,300
LINDE AG	COM	005740817	1,338,789	6,418	SH		SOLE		0	0	6,418
LITTELFUSE INC	COM	537008104	97,940	500	SH		SOLE		500	0	0
LOCKHEED MARTIN	COM	539830109	3,031,533	9,770	SH		SOLE		7,320	0	2,450
MARATHON OIL	COM	565849106	1,285,488	94,800	SH		SOLE		71,300	0	23,500
MARATHON PETROLEUM CORP	COM	56585A102	162,632	2,900	SH		SOLE		2,900	0	0
MARKETAXESS HOLDINGS	COM	57060D108	156,834	850	SH		SOLE		850	0	0
MARSH & MCLENNON	COM	571748102	3,002,074	35,820	SH		SOLE		27,020	0	8,800
MASTERCARD INC.	COM	57636Q104	141,200	1,000	SH		SOLE		1,000	0	0
MAXIM INTERGRATED	COM	57772K101	2,745,711	57,550	SH		SOLE		43,300	0	14,250
MCDONALDS CORP.	COM	580135101	2,865,677	18,290	SH		SOLE		13,790	0	4,500
MCKESSON CORP	COM	58155Q103	568,357	3,700	SH		SOLE		2,800	0	900
MEDTRONIC INC.	COM	G5960L103	93,324	1,200	SH		SOLE		0	0	1,200
MERCK KGAA	COM	004741844	777,211	6,985	SH		SOLE		0	0	6,985
METLIFE INC	COM	59156R108	3,996,514	76,930	SH		SOLE		57,930	0	19,000
MFA FINANCIAL INC.	COM	55272X102	118,260	13,500	SH		SOLE		13,500	0	0
MICROSOFT CORP.	COM	594918104	2,883,508	38,710	SH		SOLE		29,160	0	9,550
MIMEDX GROUP INC	COM	602496101	132,462	11,150	SH		SOLE		11,150	0	0
MOODYS CORP	COM	615369105	3,271,435	23,500	SH		SOLE		17,700	0	5,800
MORNINGSTAR INC	COM	617700109	59,493	700	SH		SOLE		700	0	0
MOSAIC CO.	COM	61945C103	1,160,463	53,750	SH		SOLE		40,450	0	13,300
MTU AERO ENGINES AG	COM	00B09DHL9	1,236,737	7,752	SH		SOLE		0	0	7,752
NASPERS LTD-N SHS	COM	006622691	76,122	352	SH		SOLE		0	0	352
NATIONAL BANK HOLD-CL A	COM	633707104	3,207,817	89,880	SH		SOLE		67,680	0	22,200
NATIONAL COMMERCE CORP	COM	63546L102	25,680	600	SH		SOLE		600	0	0
NATIONAL RESEARCH CORP-A	COM	637372202	33,930	900	SH		SOLE		900	0	0
NEKTAR THERAPEUTICS	COM	640268108	78,000	3,250	SH		SOLE		3,250	0	0
NESTLE SA-REG	COM	007123870	2,023,728	24,145	SH		SOLE		0	0	24,145
NETEASE COM INC	ADR	64110W102	105,524	400	SH		SOLE		0	0	400
NEW ORIENTAL EDUCATIO-SP	ADR	647581107	150,042	1,700	SH		SOLE		0	0	1,700
NOBLE ENERGY INC	COM	655044105	1,986,051	70,030	SH		SOLE		52,680	0	17,350
NORTHROP GRUMMAN	COM	666807102	2,359,304	8,200	SH		SOLE		6,200	0	2,000
NORTHWESTERN CORP	COM	668074305	387,192	6,800	SH		SOLE		5,100	0	1,700
NOVOZYMES A/S-B SHARES	COM	00B798FW0	1,199,794	23,375	SH		SOLE		0	0	23,375
NTT DOCOMO INC	COM	006129277	367,655	16,100	SH		SOLE		0	0	16,100
NVE CORP	COM	629445206	150,043	1,900	SH		SOLE		1,900	0	0
NVIDIA CORP	COM	67066G104	214,524	1,200	SH		SOLE		1,200	0	0
OLD DOMINION FGHT LINE	COM	679580100	181,682	1,650	SH		SOLE		1,650	0	0
OLD REP INTL CORP.	COM	680223104	70,884	3,600	SH		SOLE		3,600	0	0
OLLIE'S BARGAIN OUTLET HD	COM	681116109	167,040	3,600	SH		SOLE		3,600	0	0
OLYMPUS CORP	COM	006658801	192,929	5,700	SH		SOLE		0	0	5,700
OMEGA FLEX INC	COM	682095104	28,736	400	SH		SOLE		400	0	0
ONO PHARMACEUTICAL CO LTD	COM	006660107	289,909	12,800	SH		SOLE		0	0	12,800
ORION CORP	COM	006896849	16,807	848	SH		SOLE		0	0	848
ORION CORP/REPUBLIC OF KO	COM	00BDVLJ72	138,215	1,632	SH		SOLE		0	0	1,632
ORKLA ASA	COM	00B1VQF42	437,859	42,662	SH		SOLE		0	0	42,662
OSHKOSH TRUCK CORP	COM	688239201	185,715	2,250	SH		SOLE		2,250	0	0
OVERSEA-CHINESE BANKING C	COM	00B0F9V20	571,992	69,600	SH		SOLE		0	0	69,600
PACKAGING CORP OF AMERICA	COM	695156109	458,720	4,000	SH		SOLE		3,050	0	950
PALO ALTO NETWORKS INC	COM	697435105	28,820	200	SH		SOLE		200	0	0
PANALPINA WELTTRANSPORT -	COM	00B0KJTG5	492,456	3,358	SH		SOLE		0	0	3,358
PANHANDLE OIL AND GAS INC	COM	698477106	28,560	1,200	SH		SOLE		1,200	0	0
PAR PACIFIC HOLDINGS	COM	69888T207	27,040	1,300	SH		SOLE		1,300	0	0
PARGESA HOLDING SA-BR	COM	00B0CDLF8	926,798	11,140	SH		SOLE		0	0	11,140
PARSLEY ENERGY INC	COM	701877102	69,801	2,650	SH		SOLE		2,650	0	0
PARTNERS GROUP HOLDING AG	COM	00B119QG0	1,155,657	1,702	SH		SOLE		0	0	1,702
PATTERN ENERGY GROUP	COM	70338P100	429,221	17,810	SH		SOLE		13,410	0	4,400
PATTERSON ENERGY	COM	703481101	2,729,738	130,360	SH		SOLE		98,160	0	32,200
PAYCOM SOFTWARE INC	COM	70432V102	26,236	350	SH		SOLE		350	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	230,508	3,600	SH		SOLE		3,600	0	0
PEPSICO INC.	COM	713448108	3,116,697	27,970	SH		SOLE		21,070	0	6,900
PERNOD RICARD SA	COM	004682329	664,345	4,801	SH		SOLE		0	0	4,801
PHIBRO ANIMAL HEALTH CORP	COM	71742Q106	609,843	16,460	SH		SOLE		12,560	0	3,900
PINNACLE WEST CAP.	COM	723484101	414,344	4,900	SH		SOLE		3,700	0	1,200
PIONEER NAT RES CO	COM	723787107	3,026,045	20,510	SH		SOLE		15,410	0	5,100
PNM RES INC	COM	69349H107	463,450	11,500	SH		SOLE		8,700	0	2,800
PORTLAND GENERAL ELECTRIC	COM	736508847	1,264,684	27,710	SH		SOLE		21,010	0	6,700
PPG INDUSTRIES	COM	693506107	413,995	3,810	SH		SOLE		2,910	0	900
PRAXAIR INC.	COM	74005P104	3,033,755	21,710	SH		SOLE		16,310	0	5,400
PRESTIGE BRANDS HOLDINGS	COM	74112D101	1,653,471	33,010	SH		SOLE		25,410	0	7,600
PRICELINE COM INC	COM	741503403	91,541	50	SH		SOLE		50	0	0
PRICESMART INC	COM	741511109	66,938	750	SH		SOLE		750	0	0
PROLOGIS TR	COM	74340W103	3,629,912	57,200	SH		SOLE		43,000	0	14,200
PUBLIC STORAGE INC	COM	74460D109	2,741,212	12,810	SH		SOLE		9,710	0	3,100
PUBLIC SVC ENTER.	COM	744573106	168,813	3,650	SH		SOLE		3,650	0	0
PURE STORAGE INC.	COM	74624M102	31,181	1,950	SH		SOLE		1,950	0	0
QUAKER CHEM CORP	COM	747316107	22,193	150	SH		SOLE		150	0	0
RANDSTAD HOLDING NV	COM	005228658	370,144	5,982	SH		SOLE		0	0	5,982
RAYONIER INC COM	COM	754907103	23,112	800	SH		SOLE		800	0	0
RBC BEARINGS INC	COM	75524B104	187,725	1,500	SH		SOLE		1,500	0	0
RECKITT BENCKISER GROUP P	COM	00B24CGK7	835,548	9,141	SH		SOLE		0	0	9,141
RECRUIT HOLDINGS CO LTD	COM	00BQRRZ00	805,369	37,200	SH		SOLE		0	0	37,200
RED HAT INC	COM	756577102	199,548	1,800	SH		SOLE		1,800	0	0
REED ELSEVIER NV	COM	004148810	1,203,242	56,513	SH		SOLE		0	0	56,513
REED ELSEVIER PLC	COM	00B2B0DG9	1,230,598	56,031	SH		SOLE		0	0	56,031
REGENERON PHARM.	COM	75886F107	178,848	400	SH		SOLE		400	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	3,550,265	233,110	SH		SOLE		175,410	0	57,700
REVLON INC	COM	761525609	29,460	1,200	SH		SOLE		1,200	0	0
RIGHTMOVE PLC	COM	00B2987V8	601,634	11,086	SH		SOLE		0	0	11,086
RINNAI CORP	COM	006740582	290,872	3,400	SH		SOLE		0	0	3,400
ROCHE HOLDING AG-GENUSSCH	COM	007110388	1,548,960	6,063	SH		SOLE		0	0	6,063
ROCKWELL INT'L	COM	773903109	695,019	3,900	SH		SOLE		3,000	0	900
ROYAL BANK OF CANADA	COM	002754383	1,177,176	15,250	SH		SOLE		0	0	15,250
ROYAL DUTCH SHELL A	ADR	780259206	1,687,153	27,850	SH		SOLE		0	0	27,850
RTI SURGICAL INC	COM	74975N105	19,565	4,300	SH		SOLE		4,300	0	0
S & T BANCORP INC	COM	783859101	27,706	700	SH		SOLE		700	0	0
SALESFORCE COM INC	COM	79466L302	196,182	2,100	SH		SOLE		2,100	0	0
SANTEN PHARMACEUTICAL CO	COM	006776606	488,278	31,000	SH		SOLE		0	0	31,000
SAP AG	COM	004846288	1,503,082	13,717	SH		SOLE		0	0	13,717
SASOL LTD	ADR	803866300	456,998	16,600	SH		SOLE		0	0	16,600
SCRIPPS NETWORKS	COM	811065101	73,007	850	SH		SOLE		850	0	0
SEI INVESTMENTS CO.	COM	784117103	519,010	8,500	SH		SOLE		6,400	0	2,100
SELECT COMFORT CORP	COM	81616X103	27,945	900	SH		SOLE		900	0	0
SENIOR HOUSING PROP TRUST	COM	81721M109	20,528	1,050	SH		SOLE		1,050	0	0
SERVICE CORP INT'L	COM	817565104	24,150	700	SH		SOLE		700	0	0
SHENANDOAH TELECOMM	COM	82312B106	27,900	750	SH		SOLE		750	0	0
SHIN-ETSU CHEMICAL CO LTD	COM	006804585	1,018,825	11,400	SH		SOLE		0	0	11,400
SHUTTERSTOCK INC	COM	825690100	109,857	3,300	SH		SOLE		3,300	0	0
SIMON PPTY GP	COM	828806109	2,948,093	18,310	SH		SOLE		13,810	0	4,500
SINCLAIR BRDCASTinG GRP	COM	829226109	22,435	700	SH		SOLE		700	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	387,220	3,800	SH		SOLE		2,900	0	900
SMITH & NEPHEW PLC	COM	000922320	16,331	903	SH		SOLE		0	0	903
SMITHS GROUP PLC	COM	00B1WY233	324,201	15,323	SH		SOLE		0	0	15,323
SODEXO	COM	007062713	427,547	3,428	SH		SOLE		0	0	3,428
SONY FINANCIAL HOLDINGS I	COM	00B249SN5	908,528	55,400	SH		SOLE		0	0	55,400
SOUTHWEST AIRLINES	COM	844741108	557,001	9,950	SH		SOLE		8,150	0	1,800
SPIRE INC	COM	84857L101	440,435	5,900	SH		SOLE		4,400	0	1,500
STAG INDUSTRIAL INC	COM	85254J102	68,675	2,500	SH		SOLE		2,500	0	0
STANDARD CHARTERED PLC	COM	000408284	16,735	1,682	SH		SOLE		0	0	1,682
STANLEY ELECTRIC CO LTD	COM	006841106	1,017,132	29,700	SH		SOLE		0	0	29,700
STATE BANK FINANCIAL CORP	COM	856190103	466,995	16,300	SH		SOLE		12,300	0	4,000
STEEL DYNAMICS INC	COM	858119100	62,046	1,800	SH		SOLE		1,800	0	0
STRYKER CORP.	COM	863667101	454,464	3,200	SH		SOLE		2,400	0	800
SUMITOMO METAL MINING CO	COM	006858849	417,377	13,000	SH		SOLE		0	0	13,000
SUNCOR ENERGY INC	COM	00B3NB1P2	129,374	3,700	SH		SOLE		0	0	3,700
SUNCOR ENERGY INC	COM	867224107	1,033,385	29,500	SH		SOLE		0	0	29,500
SWEDBANK AB - A SHARES	COM	004846523	472,701	17,133	SH		SOLE		0	0	17,133
SYNCHRONY FINANCIAL	COM	87165B103	3,146,918	101,350	SH		SOLE		76,250	0	25,100
SYNGENTA AG-REG	COM	004356646	46,068	100	SH		SOLE		0	0	100
SYSCO	COM	871829107	1,908,212	35,370	SH		SOLE		26,620	0	8,750
T ROWE PRICE GP	COM	74144T108	3,256,148	35,920	SH		SOLE		27,020	0	8,900
T-MOBILE US INC	COM	872590104	24,664	400	SH		SOLE		400	0	0
TAIWAN SEMICONDUCTOR	ADR	874039100	108,895	2,900	SH		SOLE		0	0	2,900
TE CONNECTIVITY LTD	COM	H84989104	1,250,053	15,050	SH		SOLE		0	0	15,050
TELEFONICA BRASIL-ADR	ADR	87936R106	272,448	17,200	SH		SOLE		0	0	17,200
TERADYNE INC.	COM	880770102	164,076	4,400	SH		SOLE		4,400	0	0
TERUMO CORP	COM	006885074	271,243	6,900	SH		SOLE		0	0	6,900
TESLA MOTORS	COM	88160R101	187,605	550	SH		SOLE		550	0	0
TEXAS INSTRS INC.	COM	882508104	2,990,390	33,360	SH		SOLE		25,110	0	8,250
TEXAS ROADHOUSE INC	COM	882681109	122,850	2,500	SH		SOLE		2,500	0	0
TJX COMPANIES INC.	COM	872540109	929,735	12,610	SH		SOLE		9,510	0	3,100
TOKYO ELECTRON LTD	COM	006895675	1,412,304	9,200	SH		SOLE		0	0	9,200
TORONTO-DOMINION BANK	COM	002897222	1,168,352	20,800	SH		SOLE		0	0	20,800
TTM TECHNOLOGIES INC	COM	87305R109	20,750	1,350	SH		SOLE		1,350	0	0
TWENTY-FIRST CENTURY FOX-	COM	90130A101	1,313,724	49,800	SH		SOLE		37,500	0	12,300
TWO HARBORS INVESTMENT CO	COM	90187B101	458,741	45,510	SH		SOLE		34,310	0	11,200
TYSON FOOD CL A	COM	902494103	3,240,700	46,000	SH		SOLE		34,600	0	11,400
UCB SA	COM	005596991	433,347	6,086	SH		SOLE		0	0	6,086
UMPQUA HLDGS	COM	904214103	477,995	24,500	SH		SOLE		18,400	0	6,100
UNILEVER PLC	COM	00B10RZP7	295,234	5,095	SH		SOLE		0	0	5,095
UNILEVER PLC	ADR	904767704	1,573,614	27,150	SH		SOLE		0	0	27,150
UNITED BANKSHARES INC	COM	909907107	401,220	10,800	SH		SOLE		8,100	0	2,700
UNITED HEALTHCARE	COM	91324P102	3,055,260	15,600	SH		SOLE		11,700	0	3,900
UNITED OVERSEAS BANK LTD	COM	006916781	1,010,641	58,400	SH		SOLE		0	0	58,400
UNITED OVERSEAS BANK-SP A	ADR	911271302	1,259,760	36,200	SH		SOLE		0	0	36,200
UNITED PARCEL SERVICE	COM	911312106	3,028,670	25,220	SH		SOLE		18,970	0	6,250
UNUMPROVIDENT	COM	91529Y106	1,831,477	35,820	SH		SOLE		26,970	0	8,850
US ECOLOGY INC	COM	91732J102	56,490	1,050	SH		SOLE		1,050	0	0
V F CORP.	COM	918204108	483,132	7,600	SH		SOLE		5,700	0	1,900
VALERO ENERGY NEW	COM	91913Y100	4,224,996	54,920	SH		SOLE		41,320	0	13,600
VALLEY NATIONAL BANCORP	COM	919794107	448,260	37,200	SH		SOLE		28,000	0	9,200
VERISK ANALYTICS INC	COM	92345Y106	162,221	1,950	SH		SOLE		1,950	0	0
VERMILION ENERGY INC	COM	00B607XS1	671,997	18,950	SH		SOLE		0	0	18,950
VESUVIUS PLC	COM	00B82YXW8	645,520	81,549	SH		SOLE		0	0	81,549
VIPSHOP HOLDINGS LTD - AD	ADR	92763W103	54,498	6,200	SH		SOLE		0	0	6,200
VIRTU FINANCIAL INC-CL A	COM	928254101	469,962	29,010	SH		SOLE		21,910	0	7,100
VISA INC	COM	92826C839	3,310,850	31,460	SH		SOLE		24,360	0	7,100
VOPAK	COM	005809428	409,397	9,333	SH		SOLE		0	0	9,333
VOYA FINANCIAL INC.	COM	929089100	1,652,244	41,420	SH		SOLE		31,120	0	10,300
VULCAN MATLS	COM	929160109	2,560,636	21,410	SH		SOLE		16,410	0	5,000
WASTE MGMT INC DEL.	COM	94106L109	3,148,019	40,220	SH		SOLE		30,320	0	9,900
WATERS CORP.	COM	941848103	71,808	400	SH		SOLE		400	0	0
WD-40 CO	COM	929236107	139,875	1,250	SH		SOLE		1,250	0	0
WELLS FARGO & CO	COM	949746101	2,470,720	44,800	SH		SOLE		33,700	0	11,100
WESTAMERICA BANCORPORATIO	COM	957090103	476,320	8,000	SH		SOLE		6,000	0	2,000
WH SMITH PLC	COM	00B2PDGW1	545,277	20,110	SH		SOLE		0	0	20,110
WINTRUST FINANCIAL	COM	97650W108	2,239,666	28,600	SH		SOLE		21,500	0	7,100
WIRECARD AG	COM	007508927	1,089,292	11,903	SH		SOLE		0	0	11,903
WOOD GROUP (JOHN) PLC	COM	00B5N0P84	295,107	32,323	SH		SOLE		0	0	32,323
WORKDAY INC-CL. A	COM	98138H101	168,624	1,600	SH		SOLE		1,600	0	0
WPP PLC	COM	00B8KF9B4	896,611	48,252	SH		SOLE		0	0	48,252
WSFS FINL CORP	COM	929328102	99,938	2,050	SH		SOLE		2,050	0	0
XPO LOGISTICS INC	COM	983793100	37,279	550	SH		SOLE		550	0	0
YAHOO JAPAN CORP	COM	006084848	440,711	92,900	SH		SOLE		0	0	92,900
ZIMMER BIOMET HOLDINGS	COM	98956P102	2,951,839	25,210	SH		SOLE		18,960	0	6,250
ZION BANCORP	COM	989701107	1,186,577	25,150	SH		SOLE		19,850	0	5,300
ZODIAC AEROSPACE	COM	007294334	447,836	15,484	SH		SOLE		0	0	15,484
ZOETIS INC	COM	98978V103	2,925,309	45,880	SH		SOLE		34,980	0	10,900