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	2,039,986	10,370	SH		SOLE		7,670	0	2,700
ABAXIS INC	COM	002567105	112,064	1,350	SH		SOLE		1,350	0	0
ABB LTD-REG	COM	007108899	1,123,598	51,390	SH		SOLE		0	0	51,390
ABBVIE INC.	COM	00287Y109	2,103,155	22,700	SH		SOLE		17,500	0	5,200
ACTIVISION BLIZZARD	COM	00507V109	565,531	7,410	SH		SOLE		5,510	0	1,900
ADECCO GROUP AG-REG	COM	007110720	484,661	8,190	SH		SOLE		0	0	8,190
AEON MALL CO LTD	COM	006534202	406,031	22,600	SH		SOLE		0	0	22,600
AES CORP	COM	00130H105	3,266,676	243,600	SH		SOLE		180,700	0	62,900
AFFILIATED MGRS GP	COM	008252108	297,340	2,000	SH		SOLE		1,500	0	500
AGNC INVESTMENT CORP	COM	00123Q104	1,859,930	100,050	SH		SOLE		74,650	0	25,400
AIA GROUP LTD	COM	00B4TX8S1	7,870	900	SH		SOLE		0	0	900
AIR LIQUIDE SA	COM	00B1YXBJ7	425,647	3,385	SH		SOLE		0	0	3,385
AIR PROD & CHEM.	COM	009158106	171,303	1,100	SH		SOLE		1,100	0	0
AKZO NOBEL	COM	005458314	556,174	6,497	SH		SOLE		0	0	6,497
ALEXION PHARM.	COM	015351109	68,283	550	SH		SOLE		550	0	0
ALLETE INC COM	COM	018522300	565,093	7,300	SH		SOLE		5,800	0	1,500
ALLIANCE BERNSTEIN	COM	01881G106	619,535	21,700	SH		SOLE		21,700	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	104,940	450	SH		SOLE		450	0	0
ALLIANZ SE-REG	COM	005231485	351,769	1,702	SH		SOLE		0	0	1,702
ALLSTATE CORP.	COM	020002101	164,286	1,800	SH		SOLE		1,800	0	0
ALLY FINANCIAL INC	COM	02005N100	454,996	17,320	SH		SOLE		12,820	0	4,500
ALPHABET INC. CL A	COM	02079K305	2,766,516	2,450	SH		SOLE		1,850	0	600
ALPHABET INC. CL C	COM	02079K107	1,751,571	1,570	SH		SOLE		1,220	0	350
ALTRIA GROUP	COM	02209S103	1,990,490	35,050	SH		SOLE		26,000	0	9,050
AMADEUS IT GROUP SA	COM	00B3MSM28	472,532	5,987	SH		SOLE		0	0	5,987
AMAZON COM	COM	023135106	4,215,504	2,480	SH		SOLE		1,980	0	500
AMCOR LIMITED	COM	006066608	618,591	58,101	SH		SOLE		0	0	58,101
AMERICAN TOWER CORP.	COM	03027X100	2,734,905	18,970	SH		SOLE		14,470	0	4,500
AMERICAN WTR WKS CO	COM	030420103	153,684	1,800	SH		SOLE		1,800	0	0
AMERIPRISE FINANCIAL	COM	03076C106	1,057,493	7,560	SH		SOLE		5,610	0	1,950
AMERISAFE INC	COM	03071H100	28,875	500	SH		SOLE		500	0	0
AMGEN INC.	COM	031162100	406,098	2,200	SH		SOLE		1,600	0	600
AMN HEALTHCARE SVC	COM	001744101	35,160	600	SH		SOLE		600	0	0
ANADARKO PETE CORP.	COM	032511107	153,825	2,100	SH		SOLE		2,100	0	0
ANDEAVOR	COM	03349M105	39,354	300	SH		SOLE		300	0	0
ANSYS INC	COM	03662Q105	26,127	150	SH		SOLE		150	0	0
ANTHEM INC.	COM	036752103	202,326	850	SH		SOLE		850	0	0
AON CORP	COM	G0408V102	1,179,662	8,600	SH		SOLE		0	0	8,600
APACHE CORP.	COM	037411105	2,085,985	44,620	SH		SOLE		33,120	0	11,500
APPLE INC.	COM	037833100	3,093,188	16,710	SH		SOLE		13,010	0	3,700
APPLIED INDL TECH	COM	03820C105	126,270	1,800	SH		SOLE		1,800	0	0
APPLIED MATLS INC.	COM	038222105	2,368,623	51,280	SH		SOLE		38,980	0	12,300
APTIV PLC	COM	G6095L109	517,710	5,650	SH		SOLE		0	0	5,650
ARCH CAPITAL GP LTD.	COM	G0450A105	952,560	36,000	SH		SOLE		0	0	36,000
ARES CAP CORP	COM	04010L103	395,606	24,049	SH		SOLE		17,849	0	6,200
ASPEN TECHNOLOGY	COM	045327103	217,939	2,350	SH		SOLE		2,350	0	0
AT&T INC.	COM	00206R102	72,248	2,250	SH		SOLE		2,250	0	0
ATHENAHEALTH INC	COM	04685W103	111,398	700	SH		SOLE		700	0	0
AUST & NZ BNKG	ADR	052528304	652,945	31,100	SH		SOLE		0	0	31,100
AUTOLIV INC-SWED DEP RECE	COM	005247374	316,643	3,073	SH		SOLE		0	0	3,073
AXIS CAPITAL HDS	COM	G0692U109	906,606	16,300	SH		SOLE		0	0	16,300
BAE SYS PLC	ADR	05523R107	1,315,560	38,000	SH		SOLE		0	0	38,000
BAIDU COM INC	ADR	056752108	364,500	1,500	SH		SOLE		0	0	1,500
BANCO BILBAO VIZCAYA ARGE	COM	005501906	420,034	59,229	SH		SOLE		0	0	59,229
BANDAI NAMCO HOLDINGS INC	COM	00B0JDQD4	1,039,715	25,200	SH		SOLE		0	0	25,200
BANK OF AMERICA	COM	060505104	54,971	1,950	SH		SOLE		1,950	0	0
BANK OF THE OZARKS	COM	063904106	132,868	2,950	SH		SOLE		0	0	2,950
BAXTER INTL INC.	COM	071813109	3,507,400	47,500	SH		SOLE		35,200	0	12,300
BAYER AG-REG	COM	005069211	1,248,756	11,336	SH		SOLE		0	0	11,336
BEAZER HOMES USA	COM	07556Q881	12,243	830	SH		SOLE		830	0	0
BECTON DICKINSON & CO	COM	075887109	2,139,271	8,930	SH		SOLE		8,930	0	0
BEIERSDORF AG	COM	005107401	548,135	4,828	SH		SOLE		0	0	4,828
BEST BUY INC.	COM	086516101	708,510	9,500	SH		SOLE		7,100	0	2,400
BIO-TECHNE CORP	COM	09073M104	44,385	300	SH		SOLE		300	0	0
BLACK HILLS CORP	COM	092113109	385,623	6,300	SH		SOLE		4,700	0	1,600
BLACKSTONE MORTGAGE TRU-C	COM	09257W100	484,965	15,430	SH		SOLE		11,430	0	4,000
BOEING CO.	COM	097023105	2,824,994	8,420	SH		SOLE		6,220	0	2,200
BOOKING HOLDINGS INC.	COM	09857L108	101,355	50	SH		SOLE		50	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,373,533	42,890	SH		SOLE		31,790	0	11,100
BRITISH AMERICAN TOBACCO	COM	000287580	22,805	451	SH		SOLE		0	0	451
BROADCOM LTD	COM	Y09827109	1,285,992	5,300	SH		SOLE		0	0	5,300
BUCKEYE PARTNERS LP	COM	118230101	270,655	7,700	SH		SOLE		5,700	0	2,000
CA INC.	COM	12673P105	397,141	11,140	SH		SOLE		8,240	0	2,900
CABOT OIL & GAS	COM	127097103	2,288,132	96,140	SH		SOLE		71,340	0	24,800
CANADIAN NATL RAILWAY CO	COM	002180632	776,567	9,500	SH		SOLE		0	0	9,500
CANADIAN PACIFIC RAILWAY	COM	002793115	494,495	2,700	SH		SOLE		0	0	2,700
CARDINAL HEALTH INC	COM	14149Y108	340,345	6,970	SH		SOLE		5,420	0	1,550
CARLSBERG AS-B	COM	004169219	564,392	4,792	SH		SOLE		0	0	4,792
CASEYS GEN STORES	COM	147528103	110,334	1,050	SH		SOLE		1,050	0	0
CATALENT INC	COM	148806102	436,075	10,410	SH		SOLE		7,710	0	2,700
CATHAY GENERAL BANCORP	COM	149150104	356,312	8,800	SH		SOLE		6,500	0	2,300
CAVCO INDS INC	COM	149568107	51,913	250	SH		SOLE		250	0	0
CBOE HOLDINGS INC	COM	12503M108	300,762	2,890	SH		SOLE		2,140	0	750
CENTERPOINT ENERGY INC	COM	15189T107	127,466	4,600	SH		SOLE		4,600	0	0
CENTURYLINK INC.	COM	156700106	449,783	24,130	SH		SOLE		17,930	0	6,200
CGI GROUP INC - CL A	COM	002159740	1,006,978	15,900	SH		SOLE		0	0	15,900
CHARLES SCHWAB	COM	808513105	183,960	3,600	SH		SOLE		3,600	0	0
CHASE CORP	COM	16150R104	29,313	250	SH		SOLE		250	0	0
CHEFS' WAREHOUSE INC	COM	163086101	34,200	1,200	SH		SOLE		1,200	0	0
CHESAPEAKE UTILITIES CORP	COM	165303108	23,985	300	SH		SOLE		300	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	86,274	200	SH		SOLE		200	0	0
CIGNA CORP.	COM	125509109	2,192,355	12,900	SH		SOLE		9,600	0	3,300
CINTAS CORP	COM	172908105	148,056	800	SH		SOLE		800	0	0
CISCO SYSTEMS	COM	17275R102	75,303	1,750	SH		SOLE		1,750	0	0
CIT GROUP INC	COM	125581801	383,620	7,610	SH		SOLE		5,610	0	2,000
CITIGROUP INC.	COM	172967424	5,955,880	89,000	SH		SOLE		66,000	0	23,000
CITIZENS FINANCIAL GROUP	COM	174610105	1,304,317	33,530	SH		SOLE		24,880	0	8,650
CME GROUP	COM	12572Q105	73,764	450	SH		SOLE		450	0	0
COCA COLA COMPANY	COM	191216100	67,983	1,550	SH		SOLE		1,550	0	0
COGNIZANT TECH.	COM	192446102	2,519,781	31,900	SH		SOLE		23,700	0	8,200
COHERENT INC	COM	192479103	46,926	300	SH		SOLE		300	0	0
COLGATE PALMOLIVE	COM	194162103	178,228	2,750	SH		SOLE		2,750	0	0
COMCAST CORP-Cl A	COM	20030N101	1,585,379	48,320	SH		SOLE		48,320	0	0
COMPASS GROUP PLC	COM	00BD6K457	1,216,644	56,937	SH		SOLE		0	0	56,937
COMPASS MINERALS INTL	COM	20451N101	26,300	400	SH		SOLE		400	0	0
CONAGRA INC.	COM	205887102	443,767	12,420	SH		SOLE		9,220	0	3,200
CONCHO RESOURCES	COM	20605P101	789,979	5,710	SH		SOLE		4,210	0	1,500
CONOCOPHILLIPS	COM	20825C104	271,518	3,900	SH		SOLE		3,900	0	0
CONTINENTAL RESOURCES	COM	212015101	67,998	1,050	SH		SOLE		1,050	0	0
COPART INC	COM	217204106	42,420	750	SH		SOLE		750	0	0
CREDIT SAISON CO LTD	COM	006591809	305,454	19,400	SH		SOLE		0	0	19,400
CROWN CASTLE INTL	COM	22822V101	2,458,296	22,800	SH		SOLE		16,900	0	5,900
CULLEN FROST BANKERS	COM	229899109	97,416	900	SH		SOLE		900	0	0
CUMMINS INC	COM	231021106	2,287,600	17,200	SH		SOLE		12,800	0	4,400
CVS CAREMARK CORP	COM	126650100	332,690	5,170	SH		SOLE		3,870	0	1,300
CYS INVESTMENTS INC.	COM	12673A108	335,400	44,720	SH		SOLE		33,220	0	11,500
D R HORTON INC.	COM	23331A109	137,350	3,350	SH		SOLE		3,350	0	0
DANAHER CORP	COM	235851102	187,492	1,900	SH		SOLE		1,900	0	0
DANONE	COM	00B1Y9TB3	480,135	6,541	SH		SOLE		0	0	6,541
DBS GROUP HOLDINGS LTD	COM	006175203	1,604,211	82,200	SH		SOLE		0	0	82,200
DELTA AIR LINES	COM	247361702	2,255,556	45,530	SH		SOLE		33,730	0	11,800
DENSO CORP	COM	006640381	610,752	12,500	SH		SOLE		0	0	12,500
DEUTSCHE BOERSE AG	COM	007021963	693,035	5,200	SH		SOLE		0	0	5,200
DEVON ENERGY (NEW)	COM	25179M103	445,315	10,130	SH		SOLE		7,530	0	2,600
DIAGEO PLC	COM	000237400	868,064	24,155	SH		SOLE		0	0	24,155
DIEBOLD INC	COM	253651103	7,170	600	SH		SOLE		600	0	0
DIGITAL RLTY TR	COM	253868103	2,551,835	22,870	SH		SOLE		17,320	0	5,550
DISCOVER FINCL SERVICES	COM	254709108	2,853,013	40,520	SH		SOLE		30,020	0	10,500
DISH NETWORK CORP CL A	COM	25470M109	42,013	1,250	SH		SOLE		1,250	0	0
DISTRIBUIDORA INTERNACION	COM	00B55ZR92	68,389	23,477	SH		SOLE		0	0	23,477
DOLLAR GEN CORP	COM	256677105	73,950	750	SH		SOLE		750	0	0
DR PEPPER SNAPPLE GP	COM	26138E109	1,636,020	13,410	SH		SOLE		9,910	0	3,500
EDISON INTERNATIONAL	COM	281020107	2,757,939	43,590	SH		SOLE		32,390	0	11,200
EL PASO ELEC CO.	COM	283677854	419,610	7,100	SH		SOLE		5,300	0	1,800
ELI LILLY & CO.	COM	532457108	2,475,423	29,010	SH		SOLE		21,510	0	7,500
ELLIE MAE INC	COM	28849P100	62,304	600	SH		SOLE		600	0	0
ENTERGY CORP.	COM	29364G103	1,364,543	16,890	SH		SOLE		12,540	0	4,350
EOG RESOURCES INC.	COM	26875P101	612,196	4,920	SH		SOLE		3,620	0	1,300
EQUINIX INC	COM	29444U700	348,211	810	SH		SOLE		610	0	200
ERSTE GROUP BANK AG	COM	005289837	387,263	9,278	SH		SOLE		0	0	9,278
ESSILOR INTERNATIONAL	COM	007212477	239,402	1,696	SH		SOLE		0	0	1,696
EXELON CORP.	COM	30161N101	3,463,380	81,300	SH		SOLE		60,300	0	21,000
EXPEDITORS INT'L	COM	302130109	51,170	700	SH		SOLE		700	0	0
EXPRESS SCRIPTS HDG	COM	30219G108	413,846	5,360	SH		SOLE		4,010	0	1,350
FACEBOOK INC.	COM	30303M102	427,504	2,200	SH		SOLE		2,200	0	0
FACTSET RESH SYS	COM	303075105	148,575	750	SH		SOLE		750	0	0
FAMILYMART UNY HOLDINGS C	COM	006331276	968,465	9,200	SH		SOLE		0	0	9,200
FANUC CORP	COM	006356934	665,524	3,350	SH		SOLE		0	0	3,350
FIFTH THIRD BANCORP	COM	316773100	2,286,242	79,660	SH		SOLE		59,060	0	20,600
FIRST ENERGY CORP	COM	337932107	491,967	13,700	SH		SOLE		10,400	0	3,300
FIRST MERCHANTS CORP	COM	320817109	106,720	2,300	SH		SOLE		2,300	0	0
FIRST REPUBLIC BANK/CA	COM	33616C100	595,259	6,150	SH		SOLE		5,050	0	1,100
FNF GROUP	COM	31620R303	433,759	11,530	SH		SOLE		8,530	0	3,000
FOMENTO ECONOMICO MEX-SP	ADR	344419106	364,329	4,150	SH		SOLE		0	0	4,150
FORD MOTOR CO.	COM	345370860	116,789	10,550	SH		SOLE		10,550	0	0
FOX FACTORY HOLDING CORP	COM	35138V102	48,878	1,050	SH		SOLE		1,050	0	0
FRESENIUS SE & CO KGAA	COM	004352097	766,324	9,540	SH		SOLE		0	0	9,540
FULTON FINL CORP.	COM	360271100	343,200	20,800	SH		SOLE		15,400	0	5,400
GALLAGHER ARTHUR CO.	COM	363576109	2,631,437	40,310	SH		SOLE		29,910	0	10,400
GEBERIT AG-REG	COM	00B1WGG93	730,886	1,704	SH		SOLE		0	0	1,704
GENERAL MTRS CO	COM	37045V100	45,310	1,150	SH		SOLE		1,150	0	0
GILEAD SCIENCES INC.	COM	375558103	2,890,980	40,810	SH		SOLE		30,310	0	10,500
GLOBUS MEDICAL CL A	COM	379577208	52,983	1,050	SH		SOLE		1,050	0	0
GRAMERCY PROPERTY TRUST	COM	385002308	43,712	1,600	SH		SOLE		1,600	0	0
GRAPHIC PACKAGING HOLDING	COM	388689101	25,393	1,750	SH		SOLE		1,750	0	0
GRIFOLS SA-ADR	ADR	398438408	842,800	39,200	SH		SOLE		0	0	39,200
GROUPE BRUXELLES LAMBERT	COM	007097328	406,838	3,858	SH		SOLE		0	0	3,858
GRUPO TELEVISA SA	ADR	40049J206	210,345	11,100	SH		SOLE		0	0	11,100
HALLIBURTON CO.	COM	406216101	2,069,606	45,930	SH		SOLE		45,930	0	0
HARTFORD FINCL. SRV	COM	416515104	488,292	9,550	SH		SOLE		7,850	0	1,700
HASBRO INC.	COM	418056107	124,619	1,350	SH		SOLE		1,350	0	0
HCA INC.	COM	40412C101	790,020	7,700	SH		SOLE		5,700	0	2,000
HEALTHCARE REALTY	COM	421946104	113,412	3,900	SH		SOLE		3,900	0	0
HEICO CORP-CLASS A	COM	422806208	204,716	3,359	SH		SOLE		3,359	0	0
HEINEKEN NV	COM	007792559	699,514	6,965	SH		SOLE		0	0	6,965
HELMERICH & PAYNE	COM	423452101	797,638	12,510	SH		SOLE		9,260	0	3,250
HENKEL AG & CO KGAA VORZU	COM	005076705	441,838	3,456	SH		SOLE		0	0	3,456
HERMES INTERNATIONAL	COM	005253973	619,513	1,013	SH		SOLE		0	0	1,013
HESS CORP.	COM	42809H107	4,115,742	61,530	SH		SOLE		45,630	0	15,900
HEXAGON AB-B SHS	COM	00B1XFTL2	1,004,025	17,982	SH		SOLE		0	0	17,982
HOLOGIC INC	COM	436440101	23,850	600	SH		SOLE		600	0	0
HOME DEPOT INC.	COM	437076102	2,670,919	13,690	SH		SOLE		10,140	0	3,550
HONEYWELL INT'L	COM	438516106	1,109,185	7,700	SH		SOLE		7,700	0	0
HOYA CORP	COM	006441506	1,074,808	18,900	SH		SOLE		0	0	18,900
HUMANA INC.	COM	444859102	44,645	150	SH		SOLE		150	0	0
HUNT J B TRANS SVCS	COM	445658107	182,325	1,500	SH		SOLE		1,500	0	0
HUNTINGTON BANCSHARES	COM	446150104	26,568	1,800	SH		SOLE		1,800	0	0
HUNTINGTON INGALLS INDUS	COM	446413106	140,914	650	SH		SOLE		650	0	0
ICICI BK LTD	ADR	45104G104	88,772	11,055	SH		SOLE		0	0	11,055
IDACORP	COM	451107106	378,184	4,100	SH		SOLE		3,000	0	1,100
ILLINOIS TOOL INC.	COM	452308109	2,067,017	14,920	SH		SOLE		11,120	0	3,800
ILLUMINA INC	COM	452327109	167,574	600	SH		SOLE		600	0	0
IMPERIAL OIL LTD	COM	002454241	59,797	1,800	SH		SOLE		0	0	1,800
IMPERIAL OIL LTD	COM	453038408	628,425	18,900	SH		SOLE		0	0	18,900
ING GROEP NV-CVA	COM	00BZ57390	1,093,047	75,940	SH		SOLE		0	0	75,940
INGREDION INC	COM	457187102	2,136,510	19,300	SH		SOLE		14,400	0	4,900
INSURANCE AUSTRALIA GROUP	COM	006271026	769,578	122,109	SH		SOLE		0	0	122,109
INT'L PAPER CO.	COM	460146103	2,364,432	45,400	SH		SOLE		33,700	0	11,700
INTL CONSOLIDATED AIRLINE	COM	00B5M6XQ7	40,326	4,600	SH		SOLE		0	0	4,600
INTUITIVE SURGICAL INC	COM	46120E602	215,316	450	SH		SOLE		450	0	0
INVESTOR AB-B SHS	COM	005679591	685,952	16,817	SH		SOLE		0	0	16,817
INVESTORS BANCORP INC	COM	46146L101	342,772	26,800	SH		SOLE		19,900	0	6,900
ISS A/S	COM	00BKJ9RT5	828,745	24,116	SH		SOLE		0	0	24,116
ITAU UNIBANCO HLDNG-PREF	ADR	465562106	304,082	29,295	SH		SOLE		0	0	29,295
J & J SNACK FOODS	COM	466032109	60,988	400	SH		SOLE		400	0	0
JAPAN TOBACCO INC	COM	006474535	542,076	19,400	SH		SOLE		0	0	19,400
JARDINE LLOYD THOMPSON GR	COM	000520337	15,344	908	SH		SOLE		0	0	908
JM SMUCKER CO	COM	832696405	123,602	1,150	SH		SOLE		1,150	0	0
JOHNSON & JOHNSON	COM	478160104	655,236	5,400	SH		SOLE		4,000	0	1,400
JPMORGAN CHASE & CO	COM	46625H100	9,690,600	93,000	SH		SOLE		69,000	0	24,000
JULIUS BAER GROUP LTD	COM	00B4R2R50	329,918	5,621	SH		SOLE		0	0	5,621
KAISER ALUMINUM CORP	COM	483007704	93,699	900	SH		SOLE		900	0	0
KBC GROEP NV	COM	004497749	294,589	3,816	SH		SOLE		0	0	3,816
KDDI CORP	COM	006248990	689,579	25,200	SH		SOLE		0	0	25,200
KELLOGG CO	COM	487836108	1,757,929	25,160	SH		SOLE		19,310	0	5,850
KEYCORP	COM	493267108	2,922,207	149,550	SH		SOLE		111,650	0	37,900
KIA MOTORS CORP	COM	006490928	69,838	2,523	SH		SOLE		0	0	2,523
KIMBERLY CLARK CORP.	COM	494368103	2,328,014	22,100	SH		SOLE		16,350	0	5,750
KINGFISHER PLC	COM	003319521	280,797	71,611	SH		SOLE		0	0	71,611
KOMATSU LTD	COM	006496584	749,349	26,200	SH		SOLE		0	0	26,200
KROGER CO.	COM	501044101	1,760,202	61,870	SH		SOLE		45,870	0	16,000
KUEHNE & NAGEL INTL AG-RE	COM	00B142S60	391,426	2,605	SH		SOLE		0	0	2,605
L3 TECHNOLOGIES INC	COM	502413107	115,392	600	SH		SOLE		600	0	0
LAM RESEARCH	COM	512807108	2,238,408	12,950	SH		SOLE		9,600	0	3,350
LAUDER ESTEE COS.	COM	518439104	2,741,075	19,210	SH		SOLE		14,210	0	5,000
LEAR CORP.	COM	521865204	2,768,569	14,900	SH		SOLE		11,100	0	3,800
LEGRAND SA	COM	00B11ZRK9	476,912	6,494	SH		SOLE		0	0	6,494
LENOVO GROUP LTD	COM	006218089	84,508	156,000	SH		SOLE		0	0	156,000
LINDE AG	COM	005740817	1,340,184	6,418	SH		SOLE		0	0	6,418
LITTELFUSE INC	COM	537008104	114,090	500	SH		SOLE		500	0	0
LOCKHEED MARTIN	COM	539830109	2,295,491	7,770	SH		SOLE		5,720	0	2,050
MARATHON OIL	COM	565849106	1,618,736	77,600	SH		SOLE		57,600	0	20,000
MARATHON PETROLEUM CORP	COM	56585A102	3,343,124	47,650	SH		SOLE		36,050	0	11,600
MARKETAXESS HOLDINGS	COM	57060D108	168,181	850	SH		SOLE		850	0	0
MARSH & MCLENNON	COM	571748102	2,477,133	30,220	SH		SOLE		22,420	0	7,800
MASTERCARD INC.	COM	57636Q104	196,520	1,000	SH		SOLE		1,000	0	0
MAXIM INTERGRATED	COM	57772K101	2,554,643	43,550	SH		SOLE		32,300	0	11,250
MCDONALDS CORP.	COM	580135101	2,497,639	15,940	SH		SOLE		12,240	0	3,700
MCKESSON CORP	COM	58155Q103	306,820	2,300	SH		SOLE		1,700	0	600
MEDTRONIC INC.	COM	G5960L103	102,732	1,200	SH		SOLE		0	0	1,200
MERCK & CO. INC.	COM	58933Y105	279,220	4,600	SH		SOLE		4,600	0	0
MERCK KGAA	COM	004741844	681,950	6,985	SH		SOLE		0	0	6,985
METLIFE INC	COM	59156R108	2,974,828	68,230	SH		SOLE		50,630	0	17,600
MFA FINANCIAL INC.	COM	55272X102	101,951	13,450	SH		SOLE		13,450	0	0
MICROSOFT CORP.	COM	594918104	3,146,645	31,910	SH		SOLE		24,460	0	7,450
MOODYS CORP	COM	615369105	2,831,296	16,600	SH		SOLE		12,300	0	4,300
MORNINGSTAR INC	COM	617700109	89,775	700	SH		SOLE		700	0	0
MOSAIC CO.	COM	61945C103	427,763	15,250	SH		SOLE		11,350	0	3,900
MTU AERO ENGINES AG	COM	00B09DHL9	1,489,770	7,752	SH		SOLE		0	0	7,752
NASPERS LTD-N SHS	COM	006622691	89,501	352	SH		SOLE		0	0	352
NATIONAL BANK HOLD-CL A	COM	633707104	443,013	11,480	SH		SOLE		8,480	0	3,000
NATIONAL COMMERCE CORP	COM	63546L102	27,780	600	SH		SOLE		600	0	0
NEKTAR THERAPEUTICS	COM	640268108	21,974	450	SH		SOLE		450	0	0
NESTLE SA-REG	COM	007123870	1,869,934	24,145	SH		SOLE		0	0	24,145
NETEASE COM INC	ADR	64110W102	101,068	400	SH		SOLE		0	0	400
NEW ORIENTAL EDUCATIO-SP	ADR	647581107	160,922	1,700	SH		SOLE		0	0	1,700
NEWMONT MINING	COM	651639106	26,397	700	SH		SOLE		700	0	0
NOBLE ENERGY INC	COM	655044105	1,246,442	35,330	SH		SOLE		26,180	0	9,150
NORTHROP GRUMMAN	COM	666807102	2,153,900	7,000	SH		SOLE		5,200	0	1,800
NORTHWESTERN CORP	COM	668074305	354,950	6,200	SH		SOLE		4,600	0	1,600
NOVOZYMES A/S-B SHARES	COM	00B798FW0	1,185,691	23,375	SH		SOLE		0	0	23,375
NTT DOCOMO INC	COM	006129277	410,258	16,100	SH		SOLE		0	0	16,100
NVE CORP	COM	629445206	127,869	1,050	SH		SOLE		1,050	0	0
NVIDIA CORP	COM	67066G104	272,435	1,150	SH		SOLE		1,150	0	0
OCCIDENTAL PETRO.	COM	674599105	234,304	2,800	SH		SOLE		2,800	0	0
OLD DOMINION FGHT LINE	COM	679580100	171,304	1,150	SH		SOLE		1,150	0	0
OLD REP INTL CORP.	COM	680223104	71,676	3,600	SH		SOLE		3,600	0	0
OLLIE'S BARGAIN OUTLET HD	COM	681116109	141,375	1,950	SH		SOLE		1,950	0	0
OLYMPUS CORP	COM	006658801	213,560	5,700	SH		SOLE		0	0	5,700
ONO PHARMACEUTICAL CO LTD	COM	006660107	300,109	12,800	SH		SOLE		0	0	12,800
ORION CORP	COM	006896849	20,924	848	SH		SOLE		0	0	848
ORION CORP/REPUBLIC OF KO	COM	00BDVLJ72	218,186	1,632	SH		SOLE		0	0	1,632
ORKLA ASA	COM	00B1VQF42	373,732	42,662	SH		SOLE		0	0	42,662
OSHKOSH TRUCK CORP	COM	688239201	105,480	1,500	SH		SOLE		1,500	0	0
OVERSEA-CHINESE BANKING C	COM	00B0F9V20	594,165	69,600	SH		SOLE		0	0	69,600
PACKAGING CORP OF AMERICA	COM	695156109	391,265	3,500	SH		SOLE		2,550	0	950
PALO ALTO NETWORKS INC	COM	697435105	41,094	200	SH		SOLE		200	0	0
PANALPINA WELTTRANSPORT -	COM	00B0KJTG5	456,549	3,358	SH		SOLE		0	0	3,358
PANHANDLE OIL AND GAS INC	COM	698477106	21,010	1,100	SH		SOLE		1,100	0	0
PAR PACIFIC HOLDINGS	COM	69888T207	20,856	1,200	SH		SOLE		1,200	0	0
PARGESA HOLDING SA-BR	COM	00B0CDLF8	943,526	11,140	SH		SOLE		0	0	11,140
PARKER HANNIFIN	COM	701094104	529,890	3,400	SH		SOLE		2,500	0	900
PARSLEY ENERGY INC	COM	701877102	62,074	2,050	SH		SOLE		2,050	0	0
PARTNERS GROUP HOLDING AG	COM	00B119QG0	1,246,996	1,702	SH		SOLE		0	0	1,702
PATTERSON ENERGY	COM	703481101	330,480	18,360	SH		SOLE		13,660	0	4,700
PAYCOM SOFTWARE INC	COM	70432V102	34,591	350	SH		SOLE		350	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	183,194	2,200	SH		SOLE		2,200	0	0
PEPSICO INC.	COM	713448108	2,653,162	24,370	SH		SOLE		18,070	0	6,300
PERNOD RICARD SA	COM	004682329	784,197	4,801	SH		SOLE		0	0	4,801
PFIZER INC.	COM	717081103	59,862	1,650	SH		SOLE		1,650	0	0
PHIBRO ANIMAL HEALTH CORP	COM	71742Q106	744,168	16,160	SH		SOLE		12,160	0	4,000
PIONEER NAT RES CO	COM	723787107	474,992	2,510	SH		SOLE		1,910	0	600
PNM RES INC	COM	69349H107	377,330	9,700	SH		SOLE		7,200	0	2,500
PORTLAND GENERAL ELECTRIC	COM	736508847	1,026,668	24,010	SH		SOLE		18,010	0	6,000
PPG INDUSTRIES	COM	693506107	332,973	3,210	SH		SOLE		2,410	0	800
PRAXAIR INC.	COM	74005P104	1,820,307	11,510	SH		SOLE		8,510	0	3,000
PRESTIGE BRANDS HOLDINGS	COM	74112D101	1,082,700	28,210	SH		SOLE		21,210	0	7,000
PRICESMART INC	COM	741511109	40,725	450	SH		SOLE		450	0	0
PROLOGIS TR	COM	74340W103	367,864	5,600	SH		SOLE		4,100	0	1,500
PUBLIC STORAGE INC	COM	74460D109	2,724,589	12,010	SH		SOLE		8,910	0	3,100
PUBLIC SVC ENTER.	COM	744573106	871,654	16,100	SH		SOLE		12,800	0	3,300
QUAKER CHEM CORP	COM	747316107	23,231	150	SH		SOLE		150	0	0
RANDSTAD HOLDING NV	COM	005228658	352,148	5,982	SH		SOLE		0	0	5,982
RAYONIER INC COM	COM	754907103	30,952	800	SH		SOLE		800	0	0
RAYTHEON CO.	COM	755111507	106,249	550	SH		SOLE		550	0	0
RBC BEARINGS INC	COM	75524B104	51,524	400	SH		SOLE		400	0	0
RECKITT BENCKISER GROUP P	COM	00B24CGK7	752,948	9,141	SH		SOLE		0	0	9,141
RECRUIT HOLDINGS CO LTD	COM	00BQRRZ00	1,029,704	37,200	SH		SOLE		0	0	37,200
RED HAT INC	COM	756577102	181,400	1,350	SH		SOLE		1,350	0	0
REED ELSEVIER NV	COM	004148810	1,205,157	56,513	SH		SOLE		0	0	56,513
REED ELSEVIER PLC	COM	00B2B0DG9	1,200,244	56,031	SH		SOLE		0	0	56,031
REGENERON PHARM.	COM	75886F107	103,497	300	SH		SOLE		300	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	3,006,776	169,110	SH		SOLE		125,410	0	43,700
RIGHTMOVE PLC	COM	00B2987V8	777,187	11,086	SH		SOLE		0	0	11,086
RINNAI CORP	COM	006740582	299,896	3,400	SH		SOLE		0	0	3,400
ROCHE HOLDING AG-GENUSSCH	COM	007110388	1,346,689	6,063	SH		SOLE		0	0	6,063
ROCKWELL INT'L	COM	773903109	581,805	3,500	SH		SOLE		2,600	0	900
ROYAL BANK OF CANADA	COM	002754383	1,147,590	15,250	SH		SOLE		0	0	15,250
ROYAL DUTCH SHELL A	ADR	780259206	1,928,056	27,850	SH		SOLE		0	0	27,850
S & T BANCORP INC	COM	783859101	30,268	700	SH		SOLE		700	0	0
SALESFORCE COM INC	COM	79466L302	252,340	1,850	SH		SOLE		1,850	0	0
SANTEN PHARMACEUTICAL CO	COM	006776606	540,432	31,000	SH		SOLE		0	0	31,000
SAP AG	COM	004846288	1,584,713	13,717	SH		SOLE		0	0	13,717
SASOL LTD	ADR	803866300	789,264	21,600	SH		SOLE		0	0	21,600
SEI INVESTMENTS CO.	COM	784117103	425,136	6,800	SH		SOLE		5,100	0	1,700
SENIOR HOUSING PROP TRUST	COM	81721M109	22,613	1,250	SH		SOLE		1,250	0	0
SERVICE CORP INT'L	COM	817565104	25,053	700	SH		SOLE		700	0	0
SHENANDOAH TELECOMM	COM	82312B106	24,525	750	SH		SOLE		750	0	0
SHIN-ETSU CHEMICAL CO LTD	COM	006804585	1,016,135	11,400	SH		SOLE		0	0	11,400
SHUTTERSTOCK INC	COM	825690100	28,476	600	SH		SOLE		600	0	0
SIMON PPTY GP	COM	828806109	2,639,647	15,510	SH		SOLE		11,510	0	4,000
SINCLAIR BRDCASTinG GRP	COM	829226109	24,113	750	SH		SOLE		750	0	0
SLEEP NUMBER CORP.	COM	83125X103	20,314	700	SH		SOLE		700	0	0
SMITH & NEPHEW PLC	COM	000922320	16,667	903	SH		SOLE		0	0	903
SMITHS GROUP PLC	COM	00B1WY233	343,509	15,323	SH		SOLE		0	0	15,323
SODEXO	COM	007062713	342,682	3,428	SH		SOLE		0	0	3,428
SONY FINANCIAL HOLDINGS I	COM	00B249SN5	1,058,334	55,400	SH		SOLE		0	0	55,400
SOUTHWEST AIRLINES	COM	844741108	101,760	2,000	SH		SOLE		2,000	0	0
SPIRE INC	COM	84857L101	353,250	5,000	SH		SOLE		3,700	0	1,300
STAG INDUSTRIAL INC	COM	85254J102	68,075	2,500	SH		SOLE		2,500	0	0
STANDARD CHARTERED PLC	COM	000408284	15,380	1,682	SH		SOLE		0	0	1,682
STANLEY ELECTRIC CO LTD	COM	006841106	1,013,551	29,700	SH		SOLE		0	0	29,700
STATE BANK FINANCIAL CORP	COM	856190103	414,160	12,400	SH		SOLE		9,200	0	3,200
STEEL DYNAMICS INC	COM	858119100	82,710	1,800	SH		SOLE		1,800	0	0
STRYKER CORP.	COM	863667101	422,150	2,500	SH		SOLE		1,900	0	600
SUMITOMO METAL MINING CO	COM	006858849	497,395	13,000	SH		SOLE		0	0	13,000
SUNCOR ENERGY INC	COM	00B3NB1P2	150,481	3,700	SH		SOLE		0	0	3,700
SUNCOR ENERGY INC	COM	867224107	1,200,060	29,500	SH		SOLE		0	0	29,500
SWEDBANK AB - A SHARES	COM	004846523	367,327	17,133	SH		SOLE		0	0	17,133
SYNCHRONY FINANCIAL	COM	87165B103	2,558,577	76,650	SH		SOLE		56,850	0	19,800
SYSCO	COM	871829107	1,923,729	28,170	SH		SOLE		20,920	0	7,250
T ROWE PRICE GP	COM	74144T108	420,246	3,620	SH		SOLE		2,620	0	1,000
T-MOBILE US INC	COM	872590104	23,900	400	SH		SOLE		400	0	0
TAIWAN SEMICONDUCTOR	ADR	874039100	106,024	2,900	SH		SOLE		0	0	2,900
TAPESTRY INC.	COM	876030107	453,087	9,700	SH		SOLE		7,200	0	2,500
TE CONNECTIVITY LTD	COM	H84989104	1,355,403	15,050	SH		SOLE		0	0	15,050
TELEFONICA BRASIL-ADR	ADR	87936R106	204,164	17,200	SH		SOLE		0	0	17,200
TERADYNE INC.	COM	880770102	156,087	4,100	SH		SOLE		4,100	0	0
TERUMO CORP	COM	006885074	395,567	6,900	SH		SOLE		0	0	6,900
TESLA MOTORS	COM	88160R101	85,738	250	SH		SOLE		250	0	0
TEXAS INSTRS INC.	COM	882508104	2,751,840	24,960	SH		SOLE		18,510	0	6,450
TEXAS ROADHOUSE INC	COM	882681109	163,775	2,500	SH		SOLE		2,500	0	0
TJX COMPANIES INC.	COM	872540109	1,257,328	13,210	SH		SOLE		9,810	0	3,400
TOKYO ELECTRON LTD	COM	006895675	1,579,777	9,200	SH		SOLE		0	0	9,200
TORONTO-DOMINION BANK	COM	002897222	1,203,141	20,800	SH		SOLE		0	0	20,800
TRAVELERS COMPANIES	COM	89417E109	165,159	1,350	SH		SOLE		1,350	0	0
TTM TECHNOLOGIES INC	COM	87305R109	25,564	1,450	SH		SOLE		1,450	0	0
TYSON FOOD CL A	COM	902494103	2,471,715	35,900	SH		SOLE		26,600	0	9,300
UCB SA	COM	005596991	478,499	6,086	SH		SOLE		0	0	6,086
UNILEVER PLC	COM	00B10RZP7	281,982	5,095	SH		SOLE		0	0	5,095
UNILEVER PLC	ADR	904767704	1,500,852	27,150	SH		SOLE		0	0	27,150
UNION PACIFIC CORP.	COM	907818108	2,918,608	20,600	SH		SOLE		15,300	0	5,300
UNITED HEALTHCARE	COM	91324P102	2,845,944	11,600	SH		SOLE		8,700	0	2,900
UNITED OVERSEAS BANK LTD	COM	006916781	1,146,156	58,400	SH		SOLE		0	0	58,400
UNITED OVERSEAS BANK-SP A	ADR	911271302	1,427,366	36,200	SH		SOLE		0	0	36,200
UNITED PARCEL SERVICE	COM	911312106	2,254,201	21,220	SH		SOLE		15,770	0	5,450
UNUMPROVIDENT	COM	91529Y106	1,106,741	29,920	SH		SOLE		22,270	0	7,650
US ECOLOGY INC	COM	91732J102	35,035	550	SH		SOLE		550	0	0
V F CORP.	COM	918204108	2,885,808	35,400	SH		SOLE		26,300	0	9,100
VALERO ENERGY NEW	COM	91913Y100	4,069,678	36,720	SH		SOLE		27,220	0	9,500
VEONEER INC.	COM	00BF2JMM5	78,138	3,073	SH		SOLE		0	0	3,073
VERISK ANALYTICS INC	COM	92345Y106	182,988	1,700	SH		SOLE		1,700	0	0
VERMILION ENERGY INC	COM	00B607XS1	682,975	18,950	SH		SOLE		0	0	18,950
VESUVIUS PLC	COM	00B82YXW8	643,837	81,549	SH		SOLE		0	0	81,549
VIPSHOP HOLDINGS LTD - AD	ADR	92763W103	67,270	6,200	SH		SOLE		0	0	6,200
VISA INC	COM	92826C839	2,696,682	20,360	SH		SOLE		15,760	0	4,600
VOPAK	COM	005809428	431,184	9,333	SH		SOLE		0	0	9,333
VOYA FINANCIAL INC.	COM	929089100	1,537,840	32,720	SH		SOLE		24,520	0	8,200
VULCAN MATLS	COM	929160109	2,414,713	18,710	SH		SOLE		14,210	0	4,500
WASTE MGMT INC DEL.	COM	94106L109	2,506,899	30,820	SH		SOLE		22,920	0	7,900
WATERS CORP.	COM	941848103	77,436	400	SH		SOLE		400	0	0
WD-40 CO	COM	929236107	117,000	800	SH		SOLE		800	0	0
WELLS FARGO & CO	COM	949746101	44,352	800	SH		SOLE		800	0	0
WH SMITH PLC	COM	00B2PDGW1	530,739	20,110	SH		SOLE		0	0	20,110
WIRECARD AG	COM	007508927	1,917,140	11,903	SH		SOLE		0	0	11,903
WOOD GROUP (JOHN) PLC	COM	00B5N0P84	800,548	96,585	SH		SOLE		0	0	96,585
WORKDAY INC-CL. A	COM	98138H101	72,672	600	SH		SOLE		600	0	0
WPP PLC	COM	00B8KF9B4	759,997	48,252	SH		SOLE		0	0	48,252
WSFS FINL CORP	COM	929328102	71,955	1,350	SH		SOLE		1,350	0	0
XPO LOGISTICS INC	COM	983793100	30,054	300	SH		SOLE		300	0	0
YAHOO JAPAN CORP	COM	006084848	308,646	92,900	SH		SOLE		0	0	92,900
ZIMMER BIOMET HOLDINGS	COM	98956P102	2,374,786	21,310	SH		SOLE		15,760	0	5,550
ZION BANCORP	COM	989701107	134,360	2,550	SH		SOLE		2,550	0	0
ZOETIS INC	COM	98978V103	3,022,541	35,480	SH		SOLE		26,780	0	8,700