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
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
3M CO	COM	88579Y101	2,605,546	11,070	SH		SOLE		8,370	0	2,700
ABAXIS INC	COM	002567105	66,852	1,350	SH		SOLE		1,350	0	0
ABB LTD-REG	COM	007108899	1,377,431	51,390	SH		SOLE		0	0	51,390
ABBVIE INC.	COM	00287Y109	2,311,369	23,900	SH		SOLE		18,700	0	5,200
ACTIVISION BLIZZARD	COM	00507V109	494,529	7,810	SH		SOLE		5,910	0	1,900
ADECCO GROUP AG-REG	COM	007110720	626,541	8,190	SH		SOLE		0	0	8,190
AEON MALL CO LTD	COM	006534202	442,170	22,600	SH		SOLE		0	0	22,600
AES CORP	COM	00130H105	2,807,136	259,200	SH		SOLE		196,300	0	62,900
AFFILIATED MGRS GP	COM	008252108	431,025	2,100	SH		SOLE		1,600	0	500
AGNC INVESTMENT CORP	COM	00123Q104	2,145,188	106,250	SH		SOLE		80,850	0	25,400
AIA GROUP LTD	COM	00B4TX8S1	7,673	900	SH		SOLE		0	0	900
AIR LIQUIDE SA	COM	00B1YXBJ7	426,998	3,385	SH		SOLE		0	0	3,385
AIR PROD & CHEM.	COM	009158106	180,488	1,100	SH		SOLE		1,100	0	0
AKZO NOBEL	COM	005458314	569,673	6,497	SH		SOLE		0	0	6,497
ALEXION PHARM.	COM	015351109	65,775	550	SH		SOLE		550	0	0
ALLETE INC COM	COM	018522300	572,572	7,700	SH		SOLE		6,200	0	1,500
ALLIANCE BERNSTEIN	COM	01881G106	586,170	23,400	SH		SOLE		23,400	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	114,066	450	SH		SOLE		450	0	0
ALLIANZ SE-REG	COM	005231485	391,380	1,702	SH		SOLE		0	0	1,702
ALLSTATE CORP.	COM	020002101	188,478	1,800	SH		SOLE		1,800	0	0
ALLY FINANCIAL INC	COM	02005N100	537,127	18,420	SH		SOLE		13,920	0	4,500
ALPHABET INC. CL A	COM	02079K305	2,686,170	2,550	SH		SOLE		1,950	0	600
ALPHABET INC. CL C	COM	02079K107	1,747,488	1,670	SH		SOLE		1,320	0	350
ALTRIA GROUP	COM	02209S103	2,660,023	37,250	SH		SOLE		28,200	0	9,050
AMADEUS IT GROUP SA	COM	00B3MSM28	432,142	5,987	SH		SOLE		0	0	5,987
AMAZON COM	COM	023135106	3,017,233	2,580	SH		SOLE		2,080	0	500
AMCOR LIMITED	COM	006066608	1,062,565	88,101	SH		SOLE		0	0	88,101
AMERICAN TOWER CORP.	COM	03027X100	2,863,387	20,070	SH		SOLE		15,570	0	4,500
AMERICAN WTR WKS CO	COM	030420103	164,682	1,800	SH		SOLE		1,800	0	0
AMERIPRISE FINANCIAL	COM	03076C106	1,365,928	8,060	SH		SOLE		6,110	0	1,950
AMERISAFE INC	COM	03071H100	30,800	500	SH		SOLE		500	0	0
AMGEN INC.	COM	031162100	399,970	2,300	SH		SOLE		1,700	0	600
AMN HEALTHCARE SVC	COM	001744101	29,550	600	SH		SOLE		600	0	0
ANADARKO PETE CORP.	COM	032511107	112,644	2,100	SH		SOLE		2,100	0	0
ANDEAVOR	COM	03349M105	34,302	300	SH		SOLE		300	0	0
ANSYS INC	COM	03662Q105	22,139	150	SH		SOLE		150	0	0
ANTHEM INC.	COM	036752103	191,259	850	SH		SOLE		850	0	0
AON CORP	COM	G0408V102	1,152,400	8,600	SH		SOLE		0	0	8,600
APACHE CORP.	COM	037411105	2,002,072	47,420	SH		SOLE		35,920	0	11,500
APPLE INC.	COM	037833100	2,980,140	17,610	SH		SOLE		13,910	0	3,700
APPLIED INDL TECH	COM	03820C105	122,580	1,800	SH		SOLE		1,800	0	0
APPLIED MATLS INC.	COM	038222105	2,779,906	54,380	SH		SOLE		42,080	0	12,300
APTIV PLC	COM	G6095L109	903,440	10,650	SH		SOLE		0	0	10,650
ARCH CAPITAL GP LTD.	COM	G0450A105	1,089,240	12,000	SH		SOLE		0	0	12,000
ARES CAP CORP	COM	04010L103	401,630	25,549	SH		SOLE		19,349	0	6,200
ASPEN TECHNOLOGY	COM	045327103	155,570	2,350	SH		SOLE		2,350	0	0
AT&T INC.	COM	00206R102	87,480	2,250	SH		SOLE		2,250	0	0
ATHENAHEALTH INC	COM	04685W103	93,128	700	SH		SOLE		700	0	0
AUST & NZ BNKG	COM	052528304	1,253,274	56,100	SH		SOLE		0	0	56,100
AUTOLIV INC-SWED DEP RECE	COM	005247374	392,969	3,073	SH		SOLE		0	0	3,073
AXIS CAPITAL HDS	COM	G0692U109	819,238	16,300	SH		SOLE		0	0	16,300
BAE SYS PLC	COM	05523R107	1,184,840	38,000	SH		SOLE		0	0	38,000
BAIDU COM INC	COM	056752108	351,315	1,500	SH		SOLE		0	0	1,500
BANCO BILBAO VIZCAYA ARGE	COM	005501906	505,821	59,229	SH		SOLE		0	0	59,229
BANDAI NAMCO HOLDINGS INC	COM	00B0JDQD4	824,341	25,200	SH		SOLE		0	0	25,200
BANK OF AMERICA	COM	060505104	57,564	1,950	SH		SOLE		1,950	0	0
BANK OF THE OZARKS	COM	063904106	142,928	2,950	SH		SOLE		2,950	0	0
BAXTER INTL INC.	COM	071813109	3,270,784	50,600	SH		SOLE		38,300	0	12,300
BAYER AG-REG	COM	005069211	1,415,676	11,336	SH		SOLE		0	0	11,336
BEAZER HOMES USA	COM	07556Q881	15,944	830	SH		SOLE		830	0	0
BECTON DICKINSON & CO	COM	075887109	2,061,398	9,630	SH		SOLE		9,630	0	0
BEIERSDORF AG	COM	005107401	567,572	4,828	SH		SOLE		0	0	4,828
BEST BUY INC.	COM	086516101	684,700	10,000	SH		SOLE		7,600	0	2,400
BIO-TECHNE CORP	COM	09073M104	38,865	300	SH		SOLE		300	0	0
BLACK HILLS CORP	COM	092113109	402,737	6,700	SH		SOLE		5,100	0	1,600
BLACKSTONE MORTGAGE TRU-C	COM	09257W100	528,717	16,430	SH		SOLE		12,430	0	4,000
BOEING CO.	COM	097023105	2,660,088	9,020	SH		SOLE		6,820	0	2,200
BRISTOL MYERS SQUIBB	COM	110122108	2,799,883	45,690	SH		SOLE		34,590	0	11,100
BRITISH AMERICAN TOBACCO	COM	000287580	30,614	451	SH		SOLE		0	0	451
BROADCOM LTD	COM	Y09827109	1,361,570	5,300	SH		SOLE		0	0	5,300
BUCKEYE PARTNERS LP	COM	118230101	406,310	8,200	SH		SOLE		6,200	0	2,000
CA INC.	COM	12673P105	394,035	11,840	SH		SOLE		8,940	0	2,900
CABOT OIL & GAS	COM	127097103	2,924,064	102,240	SH		SOLE		77,440	0	24,800
CANADIAN NATL RAILWAY CO	COM	002180632	785,885	9,500	SH		SOLE		0	0	9,500
CANADIAN PACIFIC RAILWAY	COM	002793115	494,898	2,700	SH		SOLE		0	0	2,700
CARDINAL HEALTH INC	COM	14149Y108	451,560	7,370	SH		SOLE		5,820	0	1,550
CARLSBERG AS-B	COM	004169219	575,776	4,792	SH		SOLE		0	0	4,792
CASEYS GEN STORES	COM	147528103	117,537	1,050	SH		SOLE		1,050	0	0
CATALENT INC	COM	148806102	456,399	11,110	SH		SOLE		8,410	0	2,700
CATHAY GENERAL BANCORP	COM	149150104	396,398	9,400	SH		SOLE		7,100	0	2,300
CAVCO INDS INC	COM	149568107	38,150	250	SH		SOLE		250	0	0
CBOE HOLDINGS INC	COM	12503M108	384,983	3,090	SH		SOLE		2,340	0	750
CENTERPOINT ENERGY INC	COM	15189T107	130,456	4,600	SH		SOLE		4,600	0	0
CENTURYLINK INC.	COM	156700106	429,176	25,730	SH		SOLE		19,530	0	6,200
CGI GROUP INC - CL A	COM	002159740	866,731	15,900	SH		SOLE		0	0	15,900
CHARLES SCHWAB	COM	808513105	184,932	3,600	SH		SOLE		3,600	0	0
CHASE CORP	COM	16150R104	30,125	250	SH		SOLE		250	0	0
CHEFS' WAREHOUSE INC	COM	163086101	24,600	1,200	SH		SOLE		1,200	0	0
CHESAPEAKE UTILITIES CORP	COM	165303108	23,565	300	SH		SOLE		300	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	57,806	200	SH		SOLE		200	0	0
CIGNA CORP.	COM	125509109	2,782,333	13,700	SH		SOLE		10,400	0	3,300
CINTAS CORP	COM	172908105	124,664	800	SH		SOLE		800	0	0
CISCO SYSTEMS	COM	17275R102	67,025	1,750	SH		SOLE		1,750	0	0
CIT GROUP INC	COM	125581801	399,255	8,110	SH		SOLE		6,110	0	2,000
CITIGROUP INC.	COM	172967424	7,046,627	94,700	SH		SOLE		71,700	0	23,000
CITIZENS FINANCIAL GROUP	COM	174610105	1,495,747	35,630	SH		SOLE		26,980	0	8,650
CME GROUP	COM	12572Q105	65,723	450	SH		SOLE		450	0	0
COCA COLA COMPANY	COM	191216100	71,114	1,550	SH		SOLE		1,550	0	0
COGNIZANT TECH.	COM	192446102	2,414,680	34,000	SH		SOLE		25,800	0	8,200
COHERENT INC	COM	192479103	84,666	300	SH		SOLE		300	0	0
COLGATE PALMOLIVE	COM	194162103	207,488	2,750	SH		SOLE		2,750	0	0
COMCAST CORP-Cl A	COM	20030N101	2,075,391	51,820	SH		SOLE		51,820	0	0
COMPASS GROUP PLC	COM	00BLNN3L4	1,232,344	56,937	SH		SOLE		0	0	56,937
COMPASS MINERALS INTL	COM	20451N101	28,900	400	SH		SOLE		400	0	0
CONAGRA INC.	COM	205887102	494,230	13,120	SH		SOLE		9,920	0	3,200
CONCHO RESOURCES	COM	20605P101	917,844	6,110	SH		SOLE		4,610	0	1,500
CONOCOPHILLIPS	COM	20825C104	214,071	3,900	SH		SOLE		3,900	0	0
CONTINENTAL RESOURCES	COM	212015101	55,619	1,050	SH		SOLE		1,050	0	0
COPART INC	COM	217204106	32,393	750	SH		SOLE		750	0	0
CREDIT SAISON CO LTD	COM	006591809	353,040	19,400	SH		SOLE		0	0	19,400
CROWN CASTLE INTL	COM	22822V101	2,686,442	24,200	SH		SOLE		18,300	0	5,900
CULLEN FROST BANKERS	COM	229899109	85,185	900	SH		SOLE		900	0	0
CUMMINS INC	COM	231021106	3,214,848	18,200	SH		SOLE		13,800	0	4,400
CVS CAREMARK CORP	COM	126650100	396,575	5,470	SH		SOLE		4,170	0	1,300
CYS INVESTMENTS INC.	COM	12673A108	382,389	47,620	SH		SOLE		36,120	0	11,500
D R HORTON INC.	COM	23331A109	171,085	3,350	SH		SOLE		3,350	0	0
DANAHER CORP	COM	235851102	176,358	1,900	SH		SOLE		1,900	0	0
DANONE	COM	00B1Y9TB3	549,418	6,541	SH		SOLE		0	0	6,541
DBS GROUP HOLDINGS LTD	COM	006175203	1,528,487	82,200	SH		SOLE		0	0	82,200
DELPHI TECHNOLOGIES PLC	COM	G2709G107	186,269	3,550	SH		SOLE		0	0	3,550
DELTA AIR LINES	COM	247361702	2,717,680	48,530	SH		SOLE		36,730	0	11,800
DENSO CORP	COM	006640381	750,444	12,500	SH		SOLE		0	0	12,500
DEUTSCHE BOERSE AG	COM	007021963	604,435	5,200	SH		SOLE		0	0	5,200
DEVON ENERGY (NEW)	COM	25179M103	444,222	10,730	SH		SOLE		8,130	0	2,600
DIAGEO PLC	COM	000237400	890,412	24,155	SH		SOLE		0	0	24,155
DIEBOLD INC	COM	253651103	9,810	600	SH		SOLE		600	0	0
DIGITAL RLTY TR	COM	253868103	2,764,353	24,270	SH		SOLE		18,720	0	5,550
DISCOVER FINCL SERVICES	COM	254709108	3,316,790	43,120	SH		SOLE		32,620	0	10,500
DISH NETWORK CORP CL A	COM	25470M109	59,688	1,250	SH		SOLE		1,250	0	0
DISTRIBUIDORA INTERNACION	COM	00B55ZR92	276,318	53,477	SH		SOLE		0	0	53,477
DOLLAR GEN CORP	COM	256677105	69,758	750	SH		SOLE		750	0	0
DR PEPPER SNAPPLE GP	COM	26138E109	1,388,929	14,310	SH		SOLE		10,810	0	3,500
EDISON INTERNATIONAL	COM	281020107	2,927,380	46,290	SH		SOLE		35,090	0	11,200
EL PASO ELEC CO.	COM	283677854	415,125	7,500	SH		SOLE		5,700	0	1,800
ELI LILLY & CO.	COM	532457108	2,610,659	30,910	SH		SOLE		23,410	0	7,500
ELLIE MAE INC	COM	28849P100	53,640	600	SH		SOLE		600	0	0
ENTERGY CORP.	COM	29364G103	1,456,067	17,890	SH		SOLE		13,540	0	4,350
EOG RESOURCES INC.	COM	26875P101	563,290	5,220	SH		SOLE		3,920	0	1,300
EQUINIX INC	COM	29444U700	412,430	910	SH		SOLE		710	0	200
ERSTE GROUP BANK AG	COM	005289837	402,247	9,278	SH		SOLE		0	0	9,278
ESSILOR INTERNATIONAL	COM	007212477	234,102	1,696	SH		SOLE		0	0	1,696
EXELON CORP.	COM	30161N101	3,408,965	86,500	SH		SOLE		65,500	0	21,000
EXPEDITORS INT'L	COM	302130109	45,283	700	SH		SOLE		700	0	0
EXPRESS SCRIPTS HDG	COM	30219G108	422,462	5,660	SH		SOLE		4,310	0	1,350
FACEBOOK INC.	COM	30303M102	388,212	2,200	SH		SOLE		2,200	0	0
FACTSET RESH SYS	COM	303075105	144,570	750	SH		SOLE		750	0	0
FAMILYMART UNY HOLDINGS C	COM	006331276	645,184	9,200	SH		SOLE		0	0	9,200
FANUC CORP	COM	006356934	804,714	3,350	SH		SOLE		0	0	3,350
FIFTH THIRD BANCORP	COM	316773100	2,571,618	84,760	SH		SOLE		64,160	0	20,600
FIRST ENERGY CORP	COM	337932107	419,494	13,700	SH		SOLE		10,400	0	3,300
FIRST MERCHANTS CORP	COM	320817109	96,738	2,300	SH		SOLE		2,300	0	0
FIRST REPUBLIC BANK/CA	COM	33616C100	550,164	6,350	SH		SOLE		5,250	0	1,100
FNF GROUP	COM	31620R303	483,829	12,330	SH		SOLE		9,330	0	3,000
FOMENTO ECONOMICO MEX-SP	COM	344419106	389,685	4,150	SH		SOLE		0	0	4,150
FORD MOTOR CO.	COM	345370860	131,770	10,550	SH		SOLE		10,550	0	0
FOX FACTORY HOLDING CORP	COM	35138V102	40,793	1,050	SH		SOLE		1,050	0	0
FRESENIUS SE & CO KGAA	COM	004352097	745,418	9,540	SH		SOLE		0	0	9,540
FULTON FINL CORP.	COM	360271100	395,590	22,100	SH		SOLE		16,700	0	5,400
GALLAGHER ARTHUR CO.	COM	363576109	2,715,345	42,910	SH		SOLE		32,510	0	10,400
GEBERIT AG-REG	COM	00B1WGG93	750,320	1,704	SH		SOLE		0	0	1,704
GENERAL MTRS CO	COM	37045V100	47,139	1,150	SH		SOLE		1,150	0	0
GILEAD SCIENCES INC.	COM	375558103	3,109,892	43,410	SH		SOLE		32,910	0	10,500
GLOBUS MEDICAL CL A	COM	379577208	43,155	1,050	SH		SOLE		1,050	0	0
GRAMERCY PROPERTY TRUST	COM	385002308	42,656	1,600	SH		SOLE		1,600	0	0
GRAPHIC PACKAGING HOLDING	COM	388689101	27,038	1,750	SH		SOLE		1,750	0	0
GRIFOLS SA-ADR	COM	398438408	1,356,864	59,200	SH		SOLE		0	0	59,200
GROUPE BRUXELLES LAMBERT	COM	007097328	416,896	3,858	SH		SOLE		0	0	3,858
GRUPO TELEVISA SA	COM	40049J206	207,237	11,100	SH		SOLE		0	0	11,100
HALLIBURTON CO.	COM	406216101	2,435,192	49,830	SH		SOLE		49,830	0	0
HARTFORD FINCL. SRV	COM	416515104	559,986	9,950	SH		SOLE		8,250	0	1,700
HASBRO INC.	COM	418056107	122,702	1,350	SH		SOLE		1,350	0	0
HCA INC.	COM	40412C101	720,288	8,200	SH		SOLE		6,200	0	2,000
HEALTHCARE REALTY	COM	421946104	125,268	3,900	SH		SOLE		3,900	0	0
HEICO CORP-CLASS A	COM	422806208	169,958	2,150	SH		SOLE		2,150	0	0
HEINEKEN NV	COM	007792559	727,045	6,965	SH		SOLE		0	0	6,965
HELMERICH & PAYNE	COM	423452101	860,358	13,310	SH		SOLE		10,060	0	3,250
HENKEL AG & CO KGAA VORZU	COM	005076705	457,949	3,456	SH		SOLE		0	0	3,456
HERMES INTERNATIONAL	COM	005253973	542,823	1,013	SH		SOLE		0	0	1,013
HESS CORP.	COM	42809H107	3,105,962	65,430	SH		SOLE		49,530	0	15,900
HEXAGON AB-B SHS	COM	00B1XFTL2	902,449	17,982	SH		SOLE		0	0	17,982
HOLOGIC INC	COM	436440101	25,650	600	SH		SOLE		600	0	0
HOME DEPOT INC.	COM	437076102	2,765,243	14,590	SH		SOLE		11,040	0	3,550
HONEYWELL INT'L	COM	438516106	1,042,848	6,800	SH		SOLE		6,800	0	0
HOYA CORP	COM	006441506	944,245	18,900	SH		SOLE		0	0	18,900
HUMANA INC.	COM	444859102	37,211	150	SH		SOLE		150	0	0
HUNT J B TRANS SVCS	COM	445658107	172,470	1,500	SH		SOLE		1,500	0	0
HUNTINGTON BANCSHARES	COM	446150104	26,208	1,800	SH		SOLE		1,800	0	0
HUNTINGTON INGALLS INDUS	COM	446413106	153,205	650	SH		SOLE		650	0	0
ICICI BK LTD	COM	45104G104	107,565	11,055	SH		SOLE		0	0	11,055
IDACORP	COM	451107106	401,984	4,400	SH		SOLE		3,300	0	1,100
ILLINOIS TOOL INC.	COM	452308109	2,639,567	15,820	SH		SOLE		12,020	0	3,800
ILLUMINA INC	COM	452327109	131,094	600	SH		SOLE		600	0	0
IMPERIAL OIL LTD	COM	002454241	56,358	1,800	SH		SOLE		0	0	1,800
IMPERIAL OIL LTD	COM	453038408	589,491	18,900	SH		SOLE		0	0	18,900
ING GROEP NV-CVA	COM	00BZ57390	1,765,513	95,940	SH		SOLE		0	0	95,940
INGREDION INC	COM	457187102	2,865,900	20,500	SH		SOLE		15,600	0	4,900
INSURANCE AUSTRALIA GROUP	COM	006271026	691,475	122,109	SH		SOLE		0	0	122,109
INT'L PAPER CO.	COM	460146103	2,798,502	48,300	SH		SOLE		36,600	0	11,700
INTL CONSOLIDATED AIRLINE	COM	00B5M6XQ7	40,509	4,600	SH		SOLE		0	0	4,600
INTUITIVE SURGICAL INC	COM	46120E602	164,223	450	SH		SOLE		450	0	0
INVESTOR AB-B SHS	COM	005679591	768,396	16,817	SH		SOLE		0	0	16,817
INVESTORS BANCORP INC	COM	46146L101	395,580	28,500	SH		SOLE		21,600	0	6,900
ISS A/S	COM	00BKJ9RT5	934,629	24,116	SH		SOLE		0	0	24,116
ITAU UNIBANCO HLDNG-PREF	COM	465562106	575,835	44,295	SH		SOLE		0	0	44,295
J & J SNACK FOODS	COM	466032109	60,732	400	SH		SOLE		400	0	0
JAPAN TOBACCO INC	COM	006474535	625,312	19,400	SH		SOLE		0	0	19,400
JARDINE LLOYD THOMPSON GR	COM	000520337	17,086	908	SH		SOLE		0	0	908
JM SMUCKER CO	COM	832696405	142,876	1,150	SH		SOLE		1,150	0	0
JOHNSON & JOHNSON	COM	478160104	796,404	5,700	SH		SOLE		4,300	0	1,400
JPMORGAN CHASE & CO	COM	46625H100	10,576,366	98,900	SH		SOLE		74,900	0	24,000
JULIUS BAER GROUP LTD	COM	00B4R2R50	343,778	5,621	SH		SOLE		0	0	5,621
KAISER ALUMINUM CORP	COM	483007704	96,165	900	SH		SOLE		900	0	0
KBC GROEP NV	COM	004497749	325,844	3,816	SH		SOLE		0	0	3,816
KDDI CORP	COM	006248990	627,372	25,200	SH		SOLE		0	0	25,200
KELLOGG CO	COM	487836108	1,805,549	26,560	SH		SOLE		20,710	0	5,850
KEYCORP	COM	493267108	3,206,022	158,950	SH		SOLE		121,050	0	37,900
KIA MOTORS CORP	COM	006490928	78,951	2,523	SH		SOLE		0	0	2,523
KIMBERLY CLARK CORP.	COM	494368103	2,847,576	23,600	SH		SOLE		17,850	0	5,750
KINGFISHER PLC	COM	003319521	327,136	71,611	SH		SOLE		0	0	71,611
KOMATSU LTD	COM	006496584	948,456	26,200	SH		SOLE		0	0	26,200
KROGER CO.	COM	501044101	1,805,387	65,770	SH		SOLE		49,770	0	16,000
KUEHNE & NAGEL INTL AG-RE	COM	00B142S60	461,121	2,605	SH		SOLE		0	0	2,605
L3 TECHNOLOGIES INC	COM	502413107	118,710	600	SH		SOLE		600	0	0
LAM RESEARCH	COM	512807108	2,530,963	13,750	SH		SOLE		10,400	0	3,350
LAUDER ESTEE COS.	COM	518439104	2,609,692	20,510	SH		SOLE		15,510	0	5,000
LEAR CORP.	COM	521865204	2,791,228	15,800	SH		SOLE		12,000	0	3,800
LEGRAND SA	COM	00B11ZRK9	500,553	6,494	SH		SOLE		0	0	6,494
LENOVO GROUP LTD	COM	006218089	88,005	156,000	SH		SOLE		0	0	156,000
LIBERTY GLOBAL PLC-SERIES	COM	094506492	517,752	15,300	SH		SOLE		0	0	15,300
LINDE AG	COM	005740817	1,398,002	6,418	SH		SOLE		0	0	6,418
LITTELFUSE INC	COM	537008104	98,910	500	SH		SOLE		500	0	0
LOCKHEED MARTIN	COM	539830109	2,655,084	8,270	SH		SOLE		6,220	0	2,050
MARATHON OIL	COM	565849106	1,396,725	82,500	SH		SOLE		62,500	0	20,000
MARATHON PETROLEUM CORP	COM	56585A102	3,335,289	50,550	SH		SOLE		38,950	0	11,600
MARKETAXESS HOLDINGS	COM	57060D108	171,488	850	SH		SOLE		850	0	0
MARSH & MCLENNON	COM	571748102	2,614,247	32,120	SH		SOLE		24,320	0	7,800
MASTERCARD INC.	COM	57636Q104	151,360	1,000	SH		SOLE		1,000	0	0
MAXIM INTERGRATED	COM	57772K101	2,417,950	46,250	SH		SOLE		35,000	0	11,250
MCDONALDS CORP.	COM	580135101	2,898,501	16,840	SH		SOLE		13,140	0	3,700
MCKESSON CORP	COM	58155Q103	389,875	2,500	SH		SOLE		1,900	0	600
MEDTRONIC INC.	COM	G5960L103	96,900	1,200	SH		SOLE		0	0	1,200
MERCK & CO. INC.	COM	58933Y105	258,842	4,600	SH		SOLE		4,600	0	0
MERCK KGAA	COM	004741844	752,786	6,985	SH		SOLE		0	0	6,985
METLIFE INC	COM	59156R108	3,672,173	72,630	SH		SOLE		55,030	0	17,600
MFA FINANCIAL INC.	COM	55272X102	106,524	13,450	SH		SOLE		13,450	0	0
MICROSOFT CORP.	COM	594918104	2,883,553	33,710	SH		SOLE		26,260	0	7,450
MOODYS CORP	COM	615369105	2,612,697	17,700	SH		SOLE		13,400	0	4,300
MORNINGSTAR INC	COM	617700109	67,879	700	SH		SOLE		700	0	0
MOSAIC CO.	COM	61945C103	414,409	16,150	SH		SOLE		12,250	0	3,900
MTU AERO ENGINES AG	COM	00B09DHL9	1,390,705	7,752	SH		SOLE		0	0	7,752
NASPERS LTD-N SHS	COM	006622691	98,122	352	SH		SOLE		0	0	352
NATIONAL BANK HOLD-CL A	COM	633707104	398,240	12,280	SH		SOLE		9,280	0	3,000
NATIONAL COMMERCE CORP	COM	63546L102	24,150	600	SH		SOLE		600	0	0
NEKTAR THERAPEUTICS	COM	640268108	26,874	450	SH		SOLE		450	0	0
NESTLE SA-REG	COM	007123870	2,076,297	24,145	SH		SOLE		0	0	24,145
NETEASE COM INC	COM	64110W102	138,028	400	SH		SOLE		0	0	400
NEW ORIENTAL EDUCATIO-SP	COM	647581107	159,800	1,700	SH		SOLE		0	0	1,700
NEWMONT MINING	COM	651639106	26,264	700	SH		SOLE		700	0	0
NOBLE ENERGY INC	COM	655044105	1,093,624	37,530	SH		SOLE		28,380	0	9,150
NORTHROP GRUMMAN	COM	666807102	2,271,134	7,400	SH		SOLE		5,600	0	1,800
NORTHWESTERN CORP	COM	668074305	394,020	6,600	SH		SOLE		5,000	0	1,600
NOVOZYMES A/S-B SHARES	COM	00B798FW0	1,336,436	23,375	SH		SOLE		0	0	23,375
NTT DOCOMO INC	COM	006129277	380,312	16,100	SH		SOLE		0	0	16,100
NVE CORP	COM	629445206	90,300	1,050	SH		SOLE		1,050	0	0
NVIDIA CORP	COM	67066G104	222,525	1,150	SH		SOLE		1,150	0	0
OCCIDENTAL PETRO.	COM	674599105	206,248	2,800	SH		SOLE		2,800	0	0
OLD DOMINION FGHT LINE	COM	679580100	151,283	1,150	SH		SOLE		1,150	0	0
OLD REP INTL CORP.	COM	680223104	76,968	3,600	SH		SOLE		3,600	0	0
OLLIE'S BARGAIN OUTLET HD	COM	681116109	103,838	1,950	SH		SOLE		1,950	0	0
OLYMPUS CORP	COM	006658801	218,589	5,700	SH		SOLE		0	0	5,700
ONO PHARMACEUTICAL CO LTD	COM	006660107	298,383	12,800	SH		SOLE		0	0	12,800
ORION CORP	COM	006896849	21,110	848	SH		SOLE		0	0	848
ORION CORP/REPUBLIC OF KO	COM	00BDVLJ72	159,305	1,632	SH		SOLE		0	0	1,632
ORKLA ASA	COM	00B1VQF42	454,037	42,662	SH		SOLE		0	0	42,662
OSHKOSH TRUCK CORP	COM	688239201	136,335	1,500	SH		SOLE		1,500	0	0
OVERSEA-CHINESE BANKING C	COM	00B0F9V20	645,274	69,600	SH		SOLE		0	0	69,600
PACKAGING CORP OF AMERICA	COM	695156109	446,035	3,700	SH		SOLE		2,750	0	950
PALO ALTO NETWORKS INC	COM	697435105	28,988	200	SH		SOLE		200	0	0
PANALPINA WELTTRANSPORT -	COM	00B0KJTG5	520,671	3,358	SH		SOLE		0	0	3,358
PANHANDLE OIL AND GAS INC	COM	698477106	22,605	1,100	SH		SOLE		1,100	0	0
PAR PACIFIC HOLDINGS	COM	69888T207	23,136	1,200	SH		SOLE		1,200	0	0
PARGESA HOLDING SA-BR	COM	00B0CDLF8	965,962	11,140	SH		SOLE		0	0	11,140
PARKER HANNIFIN	COM	701094104	718,488	3,600	SH		SOLE		2,700	0	900
PARSLEY ENERGY INC	COM	701877102	60,352	2,050	SH		SOLE		2,050	0	0
PARTNERS GROUP HOLDING AG	COM	00B119QG0	1,166,687	1,702	SH		SOLE		0	0	1,702
PATTERSON ENERGY	COM	703481101	450,076	19,560	SH		SOLE		14,860	0	4,700
PAYCOM SOFTWARE INC	COM	70432V102	28,116	350	SH		SOLE		350	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	161,964	2,200	SH		SOLE		2,200	0	0
PEPSICO INC.	COM	713448108	3,114,322	25,970	SH		SOLE		19,670	0	6,300
PERNOD RICARD SA	COM	004682329	760,697	4,801	SH		SOLE		0	0	4,801
PFIZER INC.	COM	717081103	59,763	1,650	SH		SOLE		1,650	0	0
PHIBRO ANIMAL HEALTH CORP	COM	71742Q106	574,860	17,160	SH		SOLE		13,160	0	4,000
PIONEER NAT RES CO	COM	723787107	451,139	2,610	SH		SOLE		2,010	0	600
PNM RES INC	COM	69349H107	416,635	10,300	SH		SOLE		7,800	0	2,500
PORTLAND GENERAL ELECTRIC	COM	736508847	1,162,746	25,510	SH		SOLE		19,510	0	6,000
PPG INDUSTRIES	COM	693506107	398,356	3,410	SH		SOLE		2,610	0	800
PRAXAIR INC.	COM	74005P104	1,904,111	12,310	SH		SOLE		9,310	0	3,000
PRESTIGE BRANDS HOLDINGS	COM	74112D101	1,332,744	30,010	SH		SOLE		23,010	0	7,000
PRICELINE COM INC	COM	741503403	86,887	50	SH		SOLE		50	0	0
PRICESMART INC	COM	741511109	38,745	450	SH		SOLE		450	0	0
PROLOGIS TR	COM	74340W103	387,060	6,000	SH		SOLE		4,500	0	1,500
PUBLIC STORAGE INC	COM	74460D109	2,656,390	12,710	SH		SOLE		9,610	0	3,100
PUBLIC SVC ENTER.	COM	744573106	870,350	16,900	SH		SOLE		13,600	0	3,300
QUAKER CHEM CORP	COM	747316107	22,619	150	SH		SOLE		150	0	0
RANDSTAD HOLDING NV	COM	005228658	368,066	5,982	SH		SOLE		0	0	5,982
RAYONIER INC COM	COM	754907103	25,304	800	SH		SOLE		800	0	0
RAYTHEON CO.	COM	755111507	103,318	550	SH		SOLE		550	0	0
RBC BEARINGS INC	COM	75524B104	50,560	400	SH		SOLE		400	0	0
RECKITT BENCKISER GROUP P	COM	00B24CGK7	855,568	9,141	SH		SOLE		0	0	9,141
RECRUIT HOLDINGS CO LTD	COM	00BQRRZ00	924,634	37,200	SH		SOLE		0	0	37,200
RED HAT INC	COM	756577102	162,135	1,350	SH		SOLE		1,350	0	0
REED ELSEVIER NV	COM	004148810	1,300,553	56,513	SH		SOLE		0	0	56,513
REED ELSEVIER PLC	COM	00B2B0DG9	1,318,091	56,031	SH		SOLE		0	0	56,031
REGENERON PHARM.	COM	75886F107	112,788	300	SH		SOLE		300	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	3,108,845	179,910	SH		SOLE		136,210	0	43,700
RIGHTMOVE PLC	COM	00B2987V8	674,846	11,086	SH		SOLE		0	0	11,086
RINNAI CORP	COM	006740582	307,856	3,400	SH		SOLE		0	0	3,400
ROCHE HOLDING AG-GENUSSCH	COM	007110388	1,533,637	6,063	SH		SOLE		0	0	6,063
ROCKWELL INT'L	COM	773903109	746,130	3,800	SH		SOLE		2,900	0	900
ROYAL BANK OF CANADA	COM	002754383	1,249,381	15,250	SH		SOLE		0	0	15,250
ROYAL DUTCH SHELL A	COM	780259206	1,857,874	27,850	SH		SOLE		0	0	27,850
S & T BANCORP INC	COM	783859101	27,867	700	SH		SOLE		700	0	0
SALESFORCE COM INC	COM	79466L302	189,126	1,850	SH		SOLE		1,850	0	0
SANTEN PHARMACEUTICAL CO	COM	006776606	487,359	31,000	SH		SOLE		0	0	31,000
SAP AG	COM	004846288	1,539,250	13,717	SH		SOLE		0	0	13,717
SASOL LTD	COM	803866300	909,986	26,600	SH		SOLE		0	0	26,600
SCRIPPS NETWORKS	COM	811065101	72,573	850	SH		SOLE		850	0	0
SEI INVESTMENTS CO.	COM	784117103	517,392	7,200	SH		SOLE		5,500	0	1,700
SENIOR HOUSING PROP TRUST	COM	81721M109	23,938	1,250	SH		SOLE		1,250	0	0
SERVICE CORP INT'L	COM	817565104	26,124	700	SH		SOLE		700	0	0
SHENANDOAH TELECOMM	COM	82312B106	25,350	750	SH		SOLE		750	0	0
SHIN-ETSU CHEMICAL CO LTD	COM	006804585	1,158,722	11,400	SH		SOLE		0	0	11,400
SHUTTERSTOCK INC	COM	825690100	25,818	600	SH		SOLE		600	0	0
SIMON PPTY GP	COM	828806109	2,835,427	16,510	SH		SOLE		12,510	0	4,000
SINCLAIR BRDCASTinG GRP	COM	829226109	28,388	750	SH		SOLE		750	0	0
SLEEP NUMBER CORP.	COM	83125X103	26,313	700	SH		SOLE		700	0	0
SMITH & NEPHEW PLC	COM	000922320	15,733	903	SH		SOLE		0	0	903
SMITHS GROUP PLC	COM	00B1WY233	308,850	15,323	SH		SOLE		0	0	15,323
SODEXO	COM	007062713	461,236	3,428	SH		SOLE		0	0	3,428
SONY FINANCIAL HOLDINGS I	COM	00B249SN5	981,610	55,400	SH		SOLE		0	0	55,400
SOUTHWEST AIRLINES	COM	844741108	130,900	2,000	SH		SOLE		2,000	0	0
SPIRE INC	COM	84857L101	398,295	5,300	SH		SOLE		4,000	0	1,300
STAG INDUSTRIAL INC	COM	85254J102	68,325	2,500	SH		SOLE		2,500	0	0
STANDARD CHARTERED PLC	COM	000408284	17,750	1,682	SH		SOLE		0	0	1,682
STANLEY ELECTRIC CO LTD	COM	006841106	1,206,192	29,700	SH		SOLE		0	0	29,700
STATE BANK FINANCIAL CORP	COM	856190103	393,888	13,200	SH		SOLE		10,000	0	3,200
STEEL DYNAMICS INC	COM	858119100	77,634	1,800	SH		SOLE		1,800	0	0
STRYKER CORP.	COM	863667101	402,584	2,600	SH		SOLE		2,000	0	600
SUMITOMO METAL MINING CO	COM	006858849	597,550	13,000	SH		SOLE		0	0	13,000
SUNCOR ENERGY INC	COM	00B3NB1P2	136,282	3,700	SH		SOLE		0	0	3,700
SUNCOR ENERGY INC	COM	867224107	1,083,240	29,500	SH		SOLE		0	0	29,500
SWEDBANK AB - A SHARES	COM	004846523	414,122	17,133	SH		SOLE		0	0	17,133
SYNCHRONY FINANCIAL	COM	87165B103	3,148,646	81,550	SH		SOLE		61,750	0	19,800
SYNGENTA AG-REG	COM	004356646	46,383	100	SH		SOLE		0	0	100
SYSCO	COM	871829107	1,820,078	29,970	SH		SOLE		22,720	0	7,250
T ROWE PRICE GP	COM	74144T108	411,326	3,920	SH		SOLE		2,920	0	1,000
T-MOBILE US INC	COM	872590104	25,404	400	SH		SOLE		400	0	0
TAIWAN SEMICONDUCTOR	COM	874039100	114,985	2,900	SH		SOLE		0	0	2,900
TAPESTRY INC.	COM	876030107	455,569	10,300	SH		SOLE		7,800	0	2,500
TE CONNECTIVITY LTD	COM	H84989104	1,905,552	20,050	SH		SOLE		0	0	20,050
TELEFONICA BRASIL-ADR	COM	87936R106	255,076	17,200	SH		SOLE		0	0	17,200
TERADYNE INC.	COM	880770102	171,667	4,100	SH		SOLE		4,100	0	0
TERUMO CORP	COM	006885074	327,084	6,900	SH		SOLE		0	0	6,900
TESLA MOTORS	COM	88160R101	77,838	250	SH		SOLE		250	0	0
TEXAS INSTRS INC.	COM	882508104	2,763,482	26,460	SH		SOLE		20,010	0	6,450
TEXAS ROADHOUSE INC	COM	882681109	131,700	2,500	SH		SOLE		2,500	0	0
TJX COMPANIES INC.	COM	872540109	1,071,205	14,010	SH		SOLE		10,610	0	3,400
TOKYO ELECTRON LTD	COM	006895675	1,666,045	9,200	SH		SOLE		0	0	9,200
TORONTO-DOMINION BANK	COM	002897222	1,222,651	20,800	SH		SOLE		0	0	20,800
TRAVELERS COMPANIES	COM	89417E109	183,114	1,350	SH		SOLE		1,350	0	0
TTM TECHNOLOGIES INC	COM	87305R109	22,722	1,450	SH		SOLE		1,450	0	0
TYSON FOOD CL A	COM	902494103	3,096,874	38,200	SH		SOLE		28,900	0	9,300
UCB SA	COM	005596991	483,648	6,086	SH		SOLE		0	0	6,086
UNILEVER PLC	COM	00B10RZP7	284,340	5,095	SH		SOLE		0	0	5,095
UNILEVER PLC	COM	904767704	1,779,181	32,150	SH		SOLE		0	0	32,150
UNION PACIFIC CORP.	COM	907818108	2,936,790	21,900	SH		SOLE		16,600	0	5,300
UNITED HEALTHCARE	COM	91324P102	2,711,658	12,300	SH		SOLE		9,400	0	2,900
UNITED OVERSEAS BANK LTD	COM	006916781	1,155,852	58,400	SH		SOLE		0	0	58,400
UNITED OVERSEAS BANK-SP A	COM	911271302	1,632,962	41,200	SH		SOLE		0	0	41,200
UNITED PARCEL SERVICE	COM	911312106	2,695,173	22,620	SH		SOLE		17,170	0	5,450
UNUMPROVIDENT	COM	91529Y106	1,741,111	31,720	SH		SOLE		24,070	0	7,650
US ECOLOGY INC	COM	91732J102	28,050	550	SH		SOLE		550	0	0
V F CORP.	COM	918204108	2,782,400	37,600	SH		SOLE		28,500	0	9,100
VALERO ENERGY NEW	COM	91913Y100	3,586,328	39,020	SH		SOLE		29,520	0	9,500
VERISK ANALYTICS INC	COM	92345Y106	163,200	1,700	SH		SOLE		1,700	0	0
VERMILION ENERGY INC	COM	00B607XS1	690,878	18,950	SH		SOLE		0	0	18,950
VESUVIUS PLC	COM	00B82YXW8	644,242	81,549	SH		SOLE		0	0	81,549
VIPSHOP HOLDINGS LTD - AD	COM	92763W103	72,664	6,200	SH		SOLE		0	0	6,200
VISA INC	COM	92826C839	2,446,869	21,460	SH		SOLE		16,860	0	4,600
VOPAK	COM	005809428	409,842	9,333	SH		SOLE		0	0	9,333
VOYA FINANCIAL INC.	COM	929089100	1,717,598	34,720	SH		SOLE		26,520	0	8,200
VULCAN MATLS	COM	929160109	2,543,010	19,810	SH		SOLE		15,310	0	4,500
WASTE MGMT INC DEL.	COM	94106L109	2,823,736	32,720	SH		SOLE		24,820	0	7,900
WATERS CORP.	COM	941848103	77,276	400	SH		SOLE		400	0	0
WD-40 CO	COM	929236107	94,400	800	SH		SOLE		800	0	0
WELLS FARGO & CO	COM	949746101	48,536	800	SH		SOLE		800	0	0
WH SMITH PLC	COM	00B2PDGW1	638,473	20,110	SH		SOLE		0	0	20,110
WIRECARD AG	COM	007508927	1,330,261	11,903	SH		SOLE		0	0	11,903
WOOD GROUP (JOHN) PLC	COM	00B5N0P84	849,260	96,585	SH		SOLE		0	0	96,585
WORKDAY INC-CL. A	COM	98138H101	61,044	600	SH		SOLE		600	0	0
WPP PLC	COM	00B8KF9B4	875,309	48,252	SH		SOLE		0	0	48,252
WSFS FINL CORP	COM	929328102	64,598	1,350	SH		SOLE		1,350	0	0
XPO LOGISTICS INC	COM	983793100	27,477	300	SH		SOLE		300	0	0
YAHOO JAPAN CORP	COM	006084848	426,359	92,900	SH		SOLE		0	0	92,900
ZIMMER BIOMET HOLDINGS	COM	98956P102	2,740,416	22,710	SH		SOLE		17,160	0	5,550
ZION BANCORP	COM	989701107	129,617	2,550	SH		SOLE		2,550	0	0
ZODIAC AEROSPACE	COM	007294334	463,528	15,484	SH		SOLE		0	0	15,484
ZOETIS INC	COM	98978V103	2,707,263	37,580	SH		SOLE		28,880	0	8,700