Denali Advisors 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
1-800-Flowers.com cl A	COM	68243Q106	1	26	SH		SOLE		26	0	26
AMC Networks Inc. cl A	COM	00164V103	2,365	35,400	SH		SOLE		7,400	0	8,200
Acco Brands Corporation	COM	00081T108	4,798	556,006	SH		SOLE		131,606	0	143,206
Adtalem Global Education	COM	00737L103	3,710	104,100	SH		SOLE		11,182	0	27,300
Advansix Inc	COM	00773T101	2,847	95,334	SH		SOLE		24,462	0	24,434
Air Lease Corp. Cl A	COM	00912X302	34	805	SH		SOLE		769	0	805
Albertsons Companies	COM	013091103	94	4,803	SH		SOLE		0	0	4,803
Alliance Data Systems Corp	COM	018581108	12	112	SH		SOLE		12	0	112
Allison Transmission Holdings	COM	01973R101	28	700	SH		SOLE		400	0	700
Allstate Corp.	COM	020002101	365	2,800	SH		SOLE		15,400	0	2,800
Ally Financial Inc.	COM	02005N100	22	432	SH		SOLE		532	0	432
Alphabet Inc. Class A	COM	02079K305	488	200	SH		SOLE		600	0	200
Amdocs Limited	COM	G02602103	31	400	SH		SOLE		10,600	0	400
Amerco	COM	023586100	142	241	SH		SOLE		0	0	241
America's Car-Mart Inc	COM	03062T105	1,815	12,806	SH		SOLE		3,516	0	2,406
American National Insur.	COM	028591105	1	5	SH		SOLE		18	0	5
Amkor Technology Inc	COM	031652100	3	113	SH		SOLE		113	0	113
Apartment Income REIT	COM	03750L109	38	795	SH		SOLE		795	0	795
Apartment Invest& Mang A	COM	03748R747	2	369	SH		SOLE		369	0	369
Apollo Commercial Real Estate	COM	022671101	241	15,100	SH		SOLE		0	0	0
Arcbest Corp	COM	03937C105	41	712	SH		SOLE		2,334	0	712
Arch Capital Group Ltd.	COM	G0450A105	401	10,300	SH		SOLE		29,000	0	10,300
Archer Daniels Midland	COM	039483102	406	6,700	SH		SOLE		29,700	0	6,700
Associated Banc-Corp	COM	045487105	2	99	SH		SOLE		99	0	99
Assured Guaranty Ltd	COM	G0585R106	1	14	SH		SOLE		37	0	14
Athene Holding Ltd.	COM	G0684D107	65	962	SH		SOLE		14,062	0	962
AutoNation Inc.	COM	05329W102	133	1,400	SH		SOLE		1,600	0	1,400
AutoZone Inc.	COM	053332102	149	100	SH		SOLE		100	0	100
Avangrid Inc.	COM	05351W103	98	1,900	SH		SOLE		1,900	0	1,900
BM Technologies Inc	COM	05591L107	114	9,198	SH		SOLE		3,439	0	2,167
BOK Financial Corp.	COM	05561Q201	5	61	SH		SOLE		61	0	61
BancorpSouth, Inc.	COM	059692103	1	27	SH		SOLE		27	0	27
Bank OZK	COM	06417N103	4	89	SH		SOLE		89	0	89
Bank of America Corp	COM	060505104	536	13,000	SH		SOLE		64,700	0	13,000
Bank of NT Butterfield LTD	COM	G0772R208	4,423	124,759	SH		SOLE		28,646	0	31,759
Bank of New York Mellon Corp.	COM	064058100	56	1,100	SH		SOLE		23,400	0	1,100
Barnes Group Inc.	COM	067806109	1,717	33,500	SH		SOLE		0	0	8,400
Berkshire Hathaway cl B	COM	084670702	639	2,300	SH		SOLE		11,500	0	2,300
Best Buy Inc.	COM	086516101	23	200	SH		SOLE		4,500	0	200
Big Lots Inc	COM	089302103	3,201	48,500	SH		SOLE		0	0	12,000
Bio-Rad Laboratories Cl A	COM	090572207	515	800	SH		SOLE		3,000	0	800
Biogen Inc.	COM	09062X103	208	600	SH		SOLE		2,700	0	600
Bonanza Creek Energy	COM	097793400	5,458	115,945	SH		SOLE		39,792	0	29,345
Brightshphere Investment Group	COM	10948W103	1,553	66,282	SH		SOLE		16,982	0	16,982
Brown-Forman cl B	COM	115637209	135	1,800	SH		SOLE		14,800	0	1,800
Buckle Inc.	COM	118440106	470	9,441	SH		SOLE		0	0	3,741
CACI International, Inc.	COM	127190304	26	100	SH		SOLE		100	0	100
CAI International, Inc.	COM	12477X106	5,422	96,817	SH		SOLE		17,785	0	24,717
CBIZ, Inc.	COM	124805102	1	39	SH		SOLE		39	0	39
CBRE Group, Inc.	COM	12504L109	403	4,700	SH		SOLE		3,000	0	4,700
CNA Financial Corp.	COM	126117100	177	3,900	SH		SOLE		3,800	0	3,900
CTO Realty Growth Inc	COM	22948Q101	161	3,000	SH		SOLE		8,944	0	1,100
Cabot Oil & Gas Corp	COM	127097103	49	2,800	SH		SOLE		1,900	0	2,800
Carrier Global Corporation	COM	14448C104	73	1,500	SH		SOLE		0	0	1,500
Cathay General Bancorp	COM	149150104	1,560	39,631	SH		SOLE		23,631	0	11,431
Celanese Corporation	COM	150870103	394	2,600	SH		SOLE		200	0	2,600
Central Garden&Pet cl A	COM	153527205	3,260	67,500	SH		SOLE		22,445	0	16,900
Century Communities, Inc.	COM	156504300	872	13,100	SH		SOLE		2,722	0	2,700
Chemours Company	COM	163851108	3	77	SH		SOLE		0	0	77
Citigroup Inc.	COM	172967424	198	2,800	SH		SOLE		8,300	0	2,800
Columbia Sportswear Co.	COM	198516106	2	24	SH		SOLE		24	0	24
Costamare Inc	COM	Y1771G102	3,506	296,900	SH		SOLE		34,800	0	74,600
Cowen Inc	COM	223622606	287	7,000	SH		SOLE		0	0	0
Cummins Inc.	COM	231021106	24	100	SH		SOLE		0	0	100
Customers Bancorp Inc	COM	23204G100	3,513	90,100	SH		SOLE		20,130	0	21,500
D.R. Horton Inc.	COM	23331A109	99	1,100	SH		SOLE		10,100	0	1,100
DISH Network Corp cl A	COM	25470M109	201	4,800	SH		SOLE		21,900	0	4,800
DaVita HealthCare Partners Inc	COM	23918K108	12	100	SH		SOLE		100	0	100
Dell Inc.	COM	24703L202	90	900	SH		SOLE		0	0	900
Discover Financial Services	COM	254709108	24	200	SH		SOLE		200	0	200
EOG Resources Inc	COM	26875P101	275	3,300	SH		SOLE		18,500	0	3,300
Eagle Bancorp Inc	COM	268948106	5,020	89,508	SH		SOLE		18,808	0	22,508
Eastman Chemical Co	COM	277432100	20	170	SH		SOLE		200	0	170
Employers Holdings, Inc.	COM	292218104	5,078	118,638	SH		SOLE		27,300	0	29,938
Enova International, Inc.	COM	29357K103	151	4,400	SH		SOLE		17,300	0	600
Enstar Group Limited	COM	G3075P101	4,592	19,219	SH		SOLE		5,221	0	4,819
Entergy Corp	COM	29364G103	20	200	SH		SOLE		0	0	200
Erie Indemnity Co cl A	COM	29530P102	3	13	SH		SOLE		0	0	13
Essent Group	COM	G3198U102	2	38	SH		SOLE		0	0	38
Exelixis Inc.	COM	30161Q104	104	5,700	SH		SOLE		6,500	0	5,700
Exelon Corporation	COM	30161N101	75	1,700	SH		SOLE		33,000	0	1,700
F.N.B Corporation PA	COM	302520101	2	193	SH		SOLE		193	0	193
FTI Consulting, Inc.	COM	302941109	27	200	SH		SOLE		200	0	200
Farmer Mac	COM	313148306	4,678	47,300	SH		SOLE		14,640	0	12,000
Federated Hermes Inc	COM	314211103	4,574	134,900	SH		SOLE		34,600	0	27,500
Fidelity National Fin Inc.	COM	31620R303	17	400	SH		SOLE		0	0	400
First Busey Corporation	COM	319383204	1,613	65,400	SH		SOLE		13,100	0	15,700
First Citizens Bancshares cl A	COM	31946M103	6	7	SH		SOLE		7	0	7
First Financial Bancorp OH	COM	320209109	3,157	133,600	SH		SOLE		31,600	0	31,600
First Interstate BancSystem A	COM	32055Y201	3,982	95,200	SH		SOLE		23,700	0	23,700
First Merchants Corp	COM	320817109	3,984	95,600	SH		SOLE		26,800	0	25,500
Flagstar Bancorp Inc	COM	337930705	1,179	27,900	SH		SOLE		23,300	0	7,900
Forestar Group	COM	346232101	649	31,045	SH		SOLE		7,470	0	7,845
FutureFuel Corp	COM	36116M106	122	12,700	SH		SOLE		11,407	0	3,800
GAMCO Investors, Inc.	COM	361438104	1,540	61,342	SH		SOLE		32,300	0	28,200
Gaming and Leisure Properties, Inc.	COM	36467J108	16	346	SH		SOLE		9,976	0	346
Garmin Ltd	COM	H2906T109	275	1,900	SH		SOLE		10,000	0	1,900
General Dynamics Corp.	COM	369550108	395	2,100	SH		SOLE		10,500	0	2,100
General Motors Company	COM	37045V100	320	5,400	SH		SOLE		17,400	0	5,400
Genworth Financial Inc	COM	37247D106	653	167,500	SH		SOLE		82,300	0	41,000
Geo Group Inc	COM	36162J106	1	153	SH		SOLE		153	1	153
Global Industrial Co.	COM	37892E102	1,352	36,823	SH		SOLE		0	2	9,623
Goldman Sachs Group Inc	COM	38141G104	266	700	SH		SOLE		0	3	700
Graftech International Ltd	COM	384313508	14	1,188	SH		SOLE		1,188	4	1,188
Graham Holdings Company	COM	384637104	6	9	SH		SOLE		9	5	9
Grand Canyon Education, Inc	COM	38526M106	27	300	SH		SOLE		300	6	300
Gray Television Inc	COM	389375106	5,009	214,042	SH		SOLE		58,602	7	54,242
Great Southern Bancorp	COM	390905107	167	3,100	SH		SOLE		3,060	8	1,200
Green Brick Partners Inc	COM	392709101	1,673	73,569	SH		SOLE		53,991	9	18,569
Greif Inc cl A	COM	397624107	5,037	83,194	SH		SOLE		22,894	10	20,894
Group 1 Automotive, Inc.	COM	398905109	2	14	SH		SOLE		5	11	14
HCA Holdings, Inc.	COM	40412C101	372	1,800	SH		SOLE		9,400	12	1,800
HP Inc.	COM	40434L105	459	15,200	SH		SOLE		59,300	13	15,200
Hartford Financial Services	COM	416515104	19	300	SH		SOLE		700	14	300
Heartland Financial USA	COM	42234Q102	1,151	24,500	SH		SOLE		2,600	15	6,500
Hilltop Holdings Inc.	COM	432748101	1,177	32,329	SH		SOLE		29	16	6,829
HollyFrontier Corporation	COM	436106108	23	700	SH		SOLE		700	17	700
Home Bancshares Inc	COM	436893200	3	109	SH		SOLE		109	18	109
Hope Bancorp	COM	43940T109	4,467	315,000	SH		SOLE		85,200	19	78,900
Hormel Foods Corp	COM	440452100	277	5,800	SH		SOLE		25,800	20	5,800
Huntington Ingalls Industries	COM	446413106	40	190	SH		SOLE		155	21	190
Ingles Markets cl A	COM	457030104	4,578	78,568	SH		SOLE		18,746	22	19,468
Innoviva, Inc.	COM	45781M101	5,153	384,270	SH		SOLE		96,270	23	96,270
Insight Enterprises, Inc.	COM	45765U103	401	4,012	SH		SOLE		2,208	24	912
Intel Corporation	COM	458140100	500	8,900	SH		SOLE		35,000	25	8,900
Intelligent Systems Corp	COM	45816D100	0	14	SH		SOLE		14	26	14
International Bancshares	COM	459044103	4,200	97,800	SH		SOLE		23,600	27	23,600
International Paper Co.	COM	460146103	98	1,600	SH		SOLE		26,900	28	1,600
JPMorgan Chase & Co.	COM	46625H100	575	3,700	SH		SOLE		17,200	29	3,700
Johnson Outdoors Inc.	COM	479167108	2,009	16,600	SH		SOLE		4,130	30	4,000
Jones Lang LaSalle Incorporated	COM	48020Q107	78	400	SH		SOLE		100	31	400
KKR & Co.	COM	48251W104	243	4,100	SH		SOLE		0	32	4,100
Kemper Corp	COM	488401100	2	28	SH		SOLE		0	33	28
Kennedy-Wilson Holdings	COM	489398107	4,276	215,200	SH		SOLE		54,700	34	54,700
Keurig Dr. Pepper Inc	COM	49271V100	28	800	SH		SOLE		1,700	35	800
Kforce Inc.	COM	493732101	887	14,100	SH		SOLE		16	36	3,100
Koppers Holdings Inc.	COM	50060P106	851	26,300	SH		SOLE		1,240	37	7,700
Kroger Company	COM	501044101	180	4,700	SH		SOLE		18,600	38	4,700
Kronos Worldwide Inc.	COM	50105F105	2,731	190,719	SH		SOLE		41,300	39	45,719
Laboratory Corp of America	COM	50540R409	110	400	SH		SOLE		3,200	40	400
Landstar System Inc.	COM	515098101	32	200	SH		SOLE		200	41	200
Lazard LTD.	COM	G54050102	2	47	SH		SOLE		56	42	47
Lear Corporation	COM	521865204	245	1,400	SH		SOLE		5,900	43	1,400
Lennar Corp cl A	COM	526057104	278	2,800	SH		SOLE		7,900	44	2,800
Lexington Realty Trust	COM	529043101	1,173	98,200	SH		SOLE		0	45	20,500
LyondellBasell Industries cl A	COM	N53745100	453	4,400	SH		SOLE		17,400	46	4,400
M&T Bank Corp.	COM	55261F104	344	2,370	SH		SOLE		9,000	47	2,370
M/I Homes, Inc.	COM	55305B101	4,047	68,975	SH		SOLE		25,575	48	17,475
MDC Holdings Inc	COM	552676108	3	65	SH		SOLE		23	49	65
MGIC Investment Corp.	COM	552848103	19	1,400	SH		SOLE		1,400	50	1,400
MSC Industrial Direct Co.	COM	553530106	36	400	SH		SOLE		323	51	400
MSG Networks Inc.	COM	553573106	3,347	229,558	SH		SOLE		56,658	52	56,658
ManpowerGroup Inc	COM	56418H100	24	200	SH		SOLE		200	53	200
Marcus & Millichap, Inc.	COM	566324109	1,835	47,200	SH		SOLE		3,600	54	11,800
Marine Products Corp	COM	568427108	520	33,700	SH		SOLE		23,130	55	10,800
Marten Transport, Ltd.	COM	573075108	1,027	62,300	SH		SOLE		31,100	56	16,100
Matson Inc.	COM	57686G105	1,070	16,721	SH		SOLE		21	57	3,421
Medical Properties Trust Inc	COM	58463J304	121	6,000	SH		SOLE		6,000	58	6,000
Merchants Bancorp	COM	58844R108	362	9,229	SH		SOLE		5,364	59	2,929
Mercury General Corp.	COM	589400100	1	22	SH		SOLE		11	60	22
Meritor, Inc.	COM	59001K100	1,821	77,765	SH		SOLE		0	61	19,765
MetLife, Inc.	COM	59156R108	383	6,400	SH		SOLE		5,100	62	6,400
Methode Electronics Inc	COM	591520200	5,059	102,814	SH		SOLE		25,814	63	26,014
Micron Technology Inc	COM	595112103	110	1,300	SH		SOLE		15,000	64	1,300
Minerals Technologies	COM	603158106	4,059	51,600	SH		SOLE		11,020	65	13,800
Mohawk Industries Inc	COM	608190104	19	100	SH		SOLE		100	66	100
Molina Healthcare, Inc.	COM	60855R100	218	860	SH		SOLE		3,200	67	860
Mueller Industries, Inc.	COM	624756102	455	10,500	SH		SOLE		3,900	68	3,900
Murphy USA, Inc.	COM	626755102	1	5	SH		SOLE		0	69	5
NVR Inc.	COM	62944T105	124	25	SH		SOLE		260	70	25
National Fuel Gas Co.	COM	636180101	16	300	SH		SOLE		300	71	300
National Western Life Group A	COM	638517102	2,715	12,100	SH		SOLE		3,000	72	3,000
Nelnet Inc	COM	64031N108	3,432	45,616	SH		SOLE		12,016	73	11,316
NewMarket Corporation	COM	651587107	5	17	SH		SOLE		10	74	17
Newmark Group	COM	65158N102	2,696	224,480	SH		SOLE		19,400	75	55,780
Nexstar Media Group, Inc. Cl A	COM	65336K103	15	100	SH		SOLE		100	76	100
Northern Trust Corp.	COM	665859104	58	500	SH		SOLE		500	77	500
Nucor Corporation	COM	670346105	106	1,100	SH		SOLE		24,300	78	1,100
ONEOK, Inc.	COM	682680103	22	400	SH		SOLE		600	79	400
Old Republic Int'l Corp	COM	680223104	37	1,505	SH		SOLE		105	80	1,505
Omnicom Group Inc	COM	681919106	32	400	SH		SOLE		0	81	400
Onemain Holdings Inc	COM	68268W103	39	659	SH		SOLE		459	82	659
Onewater Marine	COM	68280L101	366	8,700	SH		SOLE		1,480	83	2,200
Oppenheimer Holdings	COM	683797104	239	4,700	SH		SOLE		0	84	0
Oracle Corporation	COM	68389X105	428	5,500	SH		SOLE		1,700	85	5,500
Orion Engineered Carbons	COM	L72967109	1,793	94,396	SH		SOLE		21,696	86	21,696
PC Connection, Inc.	COM	69318J100	3,231	69,836	SH		SOLE		14,636	87	17,336
PPL Corp.	COM	69351T106	11	400	SH		SOLE		400	88	400
PS Business Parks Inc	COM	69360J107	6	39	SH		SOLE		32	89	39
Paccar Inc.	COM	693718108	330	3,700	SH		SOLE		15,900	90	3,700
Park-Ohio Holdings Co	COM	700666100	116	3,600	SH		SOLE		12,460	91	1,100
Parsons Corporation	COM	70202L102	2,775	70,511	SH		SOLE		9,600	92	16,511
Patrick Industries Inc.	COM	703343103	1,287	17,633	SH		SOLE		7,933	93	5,033
PennyMac Financial Service Inc	COM	70932M107	3,254	52,718	SH		SOLE		10,718	94	12,718
Pennymac Mortgage Invsmt Tr	COM	70931T103	1,984	94,200	SH		SOLE		0	95	23,800
Penske Automotive Group, Inc.	COM	70959W103	51	671	SH		SOLE		579	96	671
Perdoceo Education Corp	COM	71363P106	836	68,100	SH		SOLE		0	97	16,400
Phibro Animal Health Corp CL A	COM	71742Q106	864	29,900	SH		SOLE		7,500	98	7,500
Piedmont Office Realty Trust,	COM	720190206	4,220	228,498	SH		SOLE		58,269	99	62,198
Pilgrims Pride Corp	COM	72147K108	19	840	SH		SOLE		780	100	840
Popular Inc.	COM	733174700	6	75	SH		SOLE		83	101	75
Primoris Services Corp.	COM	74164F103	4,245	144,240	SH		SOLE		27,573	102	39,240
Principal Financial Group, Inc.	COM	74251V102	341	5,400	SH		SOLE		19,500	103	5,400
Progressive Corp.	COM	743315103	393	4,000	SH		SOLE		19,700	104	4,000
Provident Financial Services	COM	74386T105	1,476	64,500	SH		SOLE		7,800	105	16,000
Prudential Financial Inc	COM	744320102	37	360	SH		SOLE		3,200	106	360
Public Service Enterprise Grp	COM	744573106	400	6,700	SH		SOLE		0	107	6,700
PulteGroup, Inc.	COM	745867101	3	49	SH		SOLE		49	108	49
Qurate Retail	COM	74915M100	12	900	SH		SOLE		0	109	900
RMR Group	COM	74967R106	995	25,739	SH		SOLE		4,839	110	4,839
Radian Group, Inc.	COM	750236101	1,909	85,807	SH		SOLE		51,507	111	22,707
Raymond James Financial Inc.	COM	754730109	65	500	SH		SOLE		400	112	500
Regeneron Pharmaceuticals	COM	75886F107	56	100	SH		SOLE		100	113	100
Regions Financial Corp	COM	7591EP100	14	700	SH		SOLE		1,400	114	700
RenaissanceRe Hldgs	COM	G7496G103	15	100	SH		SOLE		0	115	100
Republic Bancorp KY	COM	760281204	2,279	49,400	SH		SOLE		21,660	116	14,200
Republic Services Inc.	COM	760759100	66	600	SH		SOLE		1,000	117	600
Reynolds Consumer Product	COM	76171L106	6	202	SH		SOLE		104	118	202
Robert Half International Inc.	COM	770323103	18	200	SH		SOLE		200	119	200
Rush Enterprises Inc	COM	781846209	4,500	104,076	SH		SOLE		26,026	120	26,326
SEI Investments Co.	COM	784117103	5	73	SH		SOLE		81	121	73
Santander Consumer USA Holdings Inc.	COM	80283M101	55	1,509	SH		SOLE		1,209	122	1,509
Saul Centers Inc.	COM	804395101	2	44	SH		SOLE		2,344	123	44
Schneider National Inc.	COM	80689H102	25	1,144	SH		SOLE		224	124	1,144
Schnitzer Steel Ind cl A	COM	806882106	569	11,600	SH		SOLE		0	125	5,400
Select Medical Holdings Corp	COM	81619Q105	2	40	SH		SOLE		40	126	40
Seneca Foods cl A	COM	817070501	276	5,400	SH		SOLE		0	127	0
Silgan Holdings Inc.	COM	827048109	2	54	SH		SOLE		54	128	54
SkyWest Inc.	COM	830879102	1,374	31,900	SH		SOLE		8,800	129	8,800
Smart Global Holdings Inc	COM	G8232Y101	1,398	29,319	SH		SOLE		0	130	7,519
Southern Company	COM	842587107	363	6,000	SH		SOLE		25,900	131	6,000
Southern Copper Corp.	COM	84265V105	373	5,800	SH		SOLE		23,300	132	5,800
Sprouts Farmers Market	COM	85208M102	17	700	SH		SOLE		700	133	700
Standard Motor Products	COM	853666105	581	13,400	SH		SOLE		0	134	3,500
State Street Corporation	COM	857477103	16	200	SH		SOLE		400	135	200
Steel Dynamics Inc.	COM	858119100	48	800	SH		SOLE		1,215	136	800
Sterling Bancorp Inc	COM	85917W102	520	114,300	SH		SOLE		41,540	137	27,800
Stifel Financial Corp	COM	860630102	3	50	SH		SOLE		34	138	50
Stonex Group	COM	861896108	2,767	45,600	SH		SOLE		9,540	139	11,500
Synchrony Financial	COM	87165B103	369	7,600	SH		SOLE		23,300	140	7,600
Synnex Corporation	COM	87162W100	24	200	SH		SOLE		200	141	200
Synovus Financial Corp	COM	87161C501	3	73	SH		SOLE		36	142	73
TEGNA Inc.	COM	87901J105	5	284	SH		SOLE		184	143	284
Telephone & Data Systems	COM	879433829	25	1,100	SH		SOLE		1,321	144	1,100
Timken Company	COM	887389104	3	40	SH		SOLE		40	145	40
Towne Bank	COM	89214P109	4,632	152,268	SH		SOLE		38,119	146	38,119
Tri Pointe Group	COM	87265H109	2	84	SH		SOLE		84	147	84
Trinet Group Inc	COM	896288107	1,625	22,415	SH		SOLE		15	148	5,715
Triton International Ltd	COM	G9078F107	3,479	66,472	SH		SOLE		19,063	149	17,472
Trustmark Corporation	COM	898402102	1,595	51,800	SH		SOLE		7,000	150	12,300
Twenty-First Century Fox Inc.	COM	35137L105	93	2,500	SH		SOLE		26,600	151	2,500
Tyson Foods	COM	902494103	384	5,200	SH		SOLE		22,300	152	5,200
UGI Corp	COM	902681105	43	932	SH		SOLE		85	153	932
UMB Financial Corp	COM	902788108	2	23	SH		SOLE		23	154	23
USANA Health Sciences, Inc.	COM	90328M107	2,408	23,513	SH		SOLE		3,213	155	6,013
UniFirst Corporation	COM	904708104	1	4	SH		SOLE		0	156	4
United States Cellular Corp	COM	911684108	6	161	SH		SOLE		175	157	161
United Therapeutics Corp.	COM	91307C102	36	200	SH		SOLE		100	158	200
Universal Corporation	COM	913456109	792	13,900	SH		SOLE		5,000	159	5,000
Universal Health Services	COM	913903100	161	1,100	SH		SOLE		1,200	160	1,100
VMware, Inc. Cl A	COM	928563402	320	2,000	SH		SOLE		7,500	161	2,000
Verizon Communications, Inc.	COM	92343V104	471	8,400	SH		SOLE		36,600	162	8,400
Virtu Financial	COM	928254101	1	32	SH		SOLE		0	163	32
Vishay Intertechnology Inc.	COM	928298108	4,363	193,500	SH		SOLE		30,900	164	49,100
Walmart Inc.	COM	931142103	282	2,000	SH		SOLE		9,800	165	2,000
Warrior Met Coal, Llc	COM	93627C101	3,032	176,300	SH		SOLE		43,900	166	43,900
Weis Markets Inc.	COM	948849104	1,350	26,128	SH		SOLE		7,757	167	7,328
Wells Fargo & Company	COM	949746101	394	8,700	SH		SOLE		43,200	168	8,700
Westlake Chemical Corporation	COM	960413102	60	662	SH		SOLE		462	169	662
World Fuel Services Corp	COM	981475106	686	21,629	SH		SOLE		4,700	170	4,729
Worthington Industries	COM	981811102	2,227	36,400	SH		SOLE		7,300	171	7,300
eBay Inc.	COM	278642103	14	200	SH		SOLE		700	172	200
ePlus Inc.	COM	294268107	0	5	SH		SOLE		2,811	173	5