Zebra Capital 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
ADAMAS PHARMACEUTICALS INC	COM	00548A106	124	23,400	SH		SOLE		23,400	0	0
ADAMS RESOURCES & ENERGY INC C	COM	006351308	365	13,167	SH		SOLE		13,167	0	0
ALERUS FINANCIAL CORP	COM	01446U103	427	14,717	SH		SOLE		14,717	0	0
ALTERA CORP COM STK	COM	021369103	335	4,862	SH		SOLE		4,862	0	0
ALTIRIS INC COM STK	COM	036642106	124	28,438	SH		SOLE		28,438	0	0
AMERICAN PUBLIC EDUCATION	COM	02913V103	238	8,389	SH		SOLE		8,389	0	0
AMERICAN VANGUARD CORP COM STK	COM	030371108	257	14,668	SH		SOLE		14,668	0	0
AMERICAS CAR-MART INC COM STK	COM	03062T105	464	3,270	SH		SOLE		3,270	0	0
ANIKA THERAPEUTICS INC COM STK	COM	035255108	236	5,455	SH		SOLE		5,455	0	0
APOLLO MEDICAL HOLDING INC	COM	03763A207	334	5,322	SH		SOLE		5,322	0	0
ATLANTICUS HOLDINGS CORP	COM	04914Y102	887	22,342	SH		SOLE		22,342	0	0
ATRION CORP COM STK	COM	049904105	207	334	SH		SOLE		334	0	0
BIODELIVERY SCI	COM	09060J106	85	23,622	SH		SOLE		23,622	0	0
BLUE BIRD CORP	COM	095306106	408	16,433	SH		SOLE		16,433	0	0
BLUEPRINT MEDICINES CORP	COM	09627Y109	1,008	11,460	SH		SOLE		11,460	0	0
BOTTOMLINE TECHNOLOGIES DEL IN	COM	101388106	222	5,974	SH		SOLE		5,974	0	0
CARDIOVASCULAR SYS INC COM S	COM	141619106	361	8,458	SH		SOLE		8,458	0	0
CAREER ED CORP COM STK	COM	71363P106	345	28,158	SH		SOLE		28,158	0	0
CATALYST PHARMACEUTICALS INC	COM	14888U101	271	47,094	SH		SOLE		47,094	0	0
CHICOPEE BANCORP	COM	139737100	212	10,366	SH		SOLE		10,366	0	0
CHROMADEX CORP	COM	171077407	227	23,020	SH		SOLE		23,020	0	0
CLARUS CORP	COM	18270P109	327	12,737	SH		SOLE		12,737	0	0
CNB FINANCIAL CORP (PA) COM ST	COM	126128107	337	14,764	SH		SOLE		14,764	0	0
COCA COLA BOTTLING CO CONS COM	COM	191098102	1,552	3,860	SH		SOLE		3,860	0	0
COMMVAULT SYSTEMS INC	COM	204166102	503	6,432	SH		SOLE		6,432	0	0
COMPUTER PROGRAMS & SYSTEMS IN	COM	205306103	539	16,230	SH		SOLE		16,230	0	0
CONSOLIDATED COMMUNICATIONS	COM	209034107	996	113,370	SH		SOLE		113,370	0	0
CORVEL CORP COM STK	COM	221006109	1,050	7,817	SH		SOLE		7,817	0	0
CROSS CTRY HEALTHCARE INC COM	COM	227483104	1,800	109,065	SH		SOLE		109,065	0	0
CSG SYSTEMS INTERNATIONAL INC	COM	126349109	598	12,665	SH		SOLE		12,665	0	0
CUTERA INC COM STK	COM	232109108	240	4,893	SH		SOLE		4,893	0	0
DAKTRONICS INC COM STK	COM	234264109	398	60,401	SH		SOLE		60,401	0	0
DENALI THERAPEUTCS INC	COM	24823R105	631	8,043	SH		SOLE		8,043	0	0
DIODES INC COM STK	COM	254543101	733	9,193	SH		SOLE		9,193	0	0
DONEGAL GROUP INC-CL A	COM	257701201	1,278	87,749	SH		SOLE		87,749	0	0
DORIAN LPG LTD	COM	Y2106R110	445	31,509	SH		SOLE		31,509	0	0
DORMAN PRODUCTS INC	COM	258278100	557	5,371	SH		SOLE		5,371	0	0
DURECT CORP COM STK	COM	266605104	78	47,646	SH		SOLE		47,646	0	0
DXP ENTERPRISES INC COM STK	COM	233377407	502	15,097	SH		SOLE		15,097	0	0
DYNAMIC MATERIALS CORP	COM	23291C103	283	5,040	SH		SOLE		5,040	0	0
DZS INC	COM	268211109	292	14,090	SH		SOLE		14,090	0	0
EAGLE PHARMACEUTICALS INC	COM	269796108	277	6,472	SH		SOLE		6,472	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	1,191	18,915	SH		SOLE		18,915	0	0
ENCORE WIRE CORP COM STK	COM	292562105	561	7,401	SH		SOLE		7,401	0	0
ENSTAR GROUP LIMITED COM STK	COM	G3075P101	1,657	6,937	SH		SOLE		6,937	0	0
ENTERPRISE BNCP	COM	293668109	324	9,911	SH		SOLE		9,911	0	0
EPLUS INC COM STK	COM	294268107	817	9,421	SH		SOLE		9,421	0	0
FARMERS NATL BANC CORP/OH	COM	309627107	274	17,630	SH		SOLE		17,630	0	0
FIRST BUSINESS FINANCIAL	COM	319390100	248	9,159	SH		SOLE		9,159	0	0
FIRST SAVINGS FINANCIAL GP	COM	33621E109	225	3,076	SH		SOLE		3,076	0	0
FIVE STAR QUALITY CARE INC COM	COM	33832D205	514	89,274	SH		SOLE		89,274	0	0
FORESTAR GROUP INC COM STK	COM	346232101	948	45,307	SH		SOLE		45,307	0	0
FORRESTER RESEARCH INC CAMBRI	COM	346563109	210	4,584	SH		SOLE		4,584	0	0
FRANKLIN ELECTRIC CO INC COM S	COM	353514102	532	6,604	SH		SOLE		6,604	0	0
FRANKLIN STREET PROPERTIES COR	COM	35471R106	187	35,623	SH		SOLE		35,623	0	0
FS BANCORP INC	COM	30263Y104	258	3,615	SH		SOLE		3,615	0	0
GENTHERM INC COM STK	COM	37253A103	431	6,067	SH		SOLE		6,067	0	0
GOLFSMITH INTL HLDGS INC COM S	COM	005098108	971	19,658	SH		SOLE		19,658	0	0
GREAT LAKES DREDGE & DOCK COR	COM	390607109	316	21,600	SH		SOLE		21,600	0	0
HALOZYME THERAPEUTICS INC COM	COM	40637H109	425	9,350	SH		SOLE		9,350	0	0
HAMILTON BEACH BRAND	COM	40701T104	362	16,246	SH		SOLE		16,246	0	0
HARROW HEALTH INC	COM	415858109	147	15,786	SH		SOLE		15,786	0	0
HAWKINS INC.	COM	420261109	353	10,771	SH		SOLE		10,771	0	0
HBT FINANCIAL INC	COM	404111106	291	16,708	SH		SOLE		16,708	0	0
HEALTHSTREAM INC COM STK	COM	42222N103	571	20,446	SH		SOLE		20,446	0	0
HELEN OF TROY LTD (FORMERLY HE	COM	G4388N106	1,060	4,647	SH		SOLE		4,647	0	0
HOOKER FURNITURE CORP COM STK	COM	439038100	379	10,942	SH		SOLE		10,942	0	0
ICF INTERNATIONAL INC	COM	44925C103	590	6,712	SH		SOLE		6,712	0	0
IDT CORP CL B COM S	COM	448947507	1,444	39,061	SH		SOLE		39,061	0	0
INDSTRL LGST PRPT TRST	COM	456237106	266	10,163	SH		SOLE		10,163	0	0
INFORMATION SERVICES GROUP	COM	45675Y104	183	31,247	SH		SOLE		31,247	0	0
INNOSPEC INC COM	COM	45768S105	599	6,614	SH		SOLE		6,614	0	0
INSIGHT ENTERPRISES INC COM ST	COM	45765U103	2,029	20,288	SH		SOLE		20,288	0	0
INSWEB CORP	COM	Y41053102	684	35,670	SH		SOLE		35,670	0	0
INTEGRATED ELEC	COM	44951W106	591	11,499	SH		SOLE		11,499	0	0
IRONWOOD PHARMACEUTICALS INC	COM	46333X108	687	53,359	SH		SOLE		53,359	0	0
JOHNSON OUTDOORS INCCL-A COM	COM	479167108	386	3,191	SH		SOLE		3,191	0	0
JOINT CORP (THE)	COM	47973J102	500	5,957	SH		SOLE		5,957	0	0
KELLY SERVICES INC CL A COM S	COM	488152208	1,984	82,770	SH		SOLE		82,770	0	0
KENNEDY-WILSON HLDGS INC COM	COM	489398107	401	20,171	SH		SOLE		20,171	0	0
KFORCE INC COM STK	COM	493732101	762	12,109	SH		SOLE		12,109	0	0
KIMBALL ELECTRONICS	COM	49428J109	762	35,065	SH		SOLE		35,065	0	0
KIMBALL INTL INC CL B COM S	COM	494274103	266	20,243	SH		SOLE		20,243	0	0
L B FOSTER CO CL A COM S	COM	350060109	199	10,682	SH		SOLE		10,682	0	0
LANDS' END INC	COM	51509F105	1,060	25,823	SH		SOLE		25,823	0	0
LCI INDUSTRIES	COM	50189K103	1,320	10,042	SH		SOLE		10,042	0	0
LSI INDS INC OHIO COM STK	COM	50216C108	104	12,940	SH		SOLE		12,940	0	0
LUTHER BURBANK CORP	COM	550550107	377	31,758	SH		SOLE		31,758	0	0
MACATAWA BK CORP COM STK	COM	554225102	148	16,870	SH		SOLE		16,870	0	0
MARTEN TRANSPORT LTD COM STK	COM	573075108	347	21,052	SH		SOLE		21,052	0	0
MERCHANTS BANCORP	COM	58844R108	705	17,946	SH		SOLE		17,946	0	0
METROCITY BANKSHARES INC	COM	59165J105	220	12,533	SH		SOLE		12,533	0	0
MEXICAN RESTAURANTS INC COM ST	COM	14713L102	241	27,121	SH		SOLE		27,121	0	0
MGE ENERGY INC COM STK	COM	55277P104	761	10,220	SH		SOLE		10,220	0	0
MOTORCAR PARTS OF AMER INC	COM	620071100	246	10,947	SH		SOLE		10,947	0	0
MOTOROLA MOBILITY HOLDINGS	COM	566324109	736	18,937	SH		SOLE		18,937	0	0
MUELLER INDUSTRIES INC	COM	624756102	989	22,836	SH		SOLE		22,836	0	0
MYERS INDS INC COM STK	COM	628464109	370	17,642	SH		SOLE		17,642	0	0
MYR GROUP INC/DELAWARE	COM	55405W104	1,295	14,246	SH		SOLE		14,246	0	0
MYRIAD GENETICS INC COM STK	COM	62855J104	912	29,837	SH		SOLE		29,837	0	0
NATERA INC	COM	632307104	647	5,697	SH		SOLE		5,697	0	0
NATIONAL WESTERN LIFE INSURANC	COM	638517102	1,032	4,600	SH		SOLE		4,600	0	0
NATUS MEDICAL INC DEL CO	COM	639050103	636	24,473	SH		SOLE		24,473	0	0
NEXTGEN HEALTHCARE INC CO	COM	65343C102	702	42,339	SH		SOLE		42,339	0	0
Novanta Inc	COM	67000B104	385	2,860	SH		SOLE		2,860	0	0
OLYMPIC STEEL INC COM STK	COM	68162K106	717	24,387	SH		SOLE		24,387	0	0
ORGANOGENESIS HOLDINGS INC	COM	68621F102	445	26,780	SH		SOLE		26,780	0	0
ORTHOFIX INTERNATIONAL NV COM	COM	68752M108	538	13,413	SH		SOLE		13,413	0	0
OSI SYSTEMS INC COM STK	COM	671044105	722	7,108	SH		SOLE		7,108	0	0
OSMOTICA PHARMACEUTIC	COM	G6S41R101	73	24,384	SH		SOLE		24,384	0	0
OTTER TAIL CORP COM STK	COM	689648103	1,323	27,110	SH		SOLE		27,110	0	0
OVERSEAS SHIPHOLDING GROUP INC	COM	69036R863	107	51,240	SH		SOLE		51,240	0	0
PATRICK INDS INC COM STK	COM	703343103	1,053	14,421	SH		SOLE		14,421	0	0
PC CONNECTION INC COM STK	COM	69318J100	1,251	27,033	SH		SOLE		27,033	0	0
PHIBRO ANIMAL HEALTH CORP	COM	71742Q106	1,445	50,039	SH		SOLE		50,039	0	0
PIEDMONT OFFICE REALTY TRUST	COM	720190206	495	26,789	SH		SOLE		26,789	0	0
POTLATCH HOLDINGS INC COM	COM	737630103	954	17,955	SH		SOLE		17,955	0	0
PRECIGEN INC	COM	74017N105	114	17,448	SH		SOLE		17,448	0	0
PUMA BIOTECHNOLOGY INC	COM	74587V107	284	30,905	SH		SOLE		30,905	0	0
QAD INC	COM	74727D306	210	2,416	SH		SOLE		2,416	0	0
RADIANT LOGISTICS INC	COM	75025X100	385	55,636	SH		SOLE		55,636	0	0
RENT A CTR INC NEW COM STK	COM	76009N100	1,216	22,906	SH		SOLE		22,906	0	0
REPRO MEDSYSTEMS INC	COM	759910102	52	11,183	SH		SOLE		11,183	0	0
REPUBLIC BANCORP INC MICHIGAN	COM	75956B101	307	11,057	SH		SOLE		11,057	0	0
REPUBLIC BANCORP INC-CL A	COM	760281204	634	13,738	SH		SOLE		13,738	0	0
RESOURCES CONNECTION INC COM S	COM	76122Q105	305	21,258	SH		SOLE		21,258	0	0
RETROPHIN INC	COM	89422G107	154	10,545	SH		SOLE		10,545	0	0
RIBBON COMMUNICATIONS INC	COM	762544104	582	76,540	SH		SOLE		76,540	0	0
RIVERVIEW BANCORP INC COM STK	COM	769397100	111	15,604	SH		SOLE		15,604	0	0
RMR GROUP INC	COM	74967R106	503	13,024	SH		SOLE		13,024	0	0
RPC INC COM STK	COM	749660106	98	19,758	SH		SOLE		19,758	0	0
RTI BIOLOGICS INC COM	COM	86882C105	178	127,951	SH		SOLE		127,951	0	0
RUSH ENTERPRISES INCCL A COM S	COM	781846209	1,504	34,787	SH		SOLE		34,787	0	0
SAUL CENTERS INC	COM	804395101	223	4,916	SH		SOLE		4,916	0	0
SCHOLASTIC CORP COM STK	COM	807066105	779	20,551	SH		SOLE		20,551	0	0
SEASPINE HOLDINGS CORP WI	COM	81255T108	386	18,827	SH		SOLE		18,827	0	0
SECURITY NATIONAL FINANCIAL CO	COM	814785309	223	25,436	SH		SOLE		25,436	0	0
SENECA FOODS CORP CL A COM S	COM	817070501	339	6,633	SH		SOLE		6,633	0	0
SIGA TECHNOLOGIES INC COM STK	COM	826917106	91	14,459	SH		SOLE		14,459	0	0
SMARTFINANCIAL INC	COM	83190L208	254	10,598	SH		SOLE		10,598	0	0
SOUTH PLAINS FINANCIAL INC	COM	83946P107	312	13,490	SH		SOLE		13,490	0	0
SOUTHERN MISSOURI BANCORP INC	COM	843380106	277	6,173	SH		SOLE		6,173	0	0
STANDARD MOTOR PRODUCTS COM ST	COM	853666105	575	13,257	SH		SOLE		13,257	0	0
STEPAN CO COM STK	COM	858586100	987	8,203	SH		SOLE		8,203	0	0
STEREOTAXIS INC COM STK	COM	85916J409	118	12,190	SH		SOLE		12,190	0	0
SUPERIOR UNIFORM GROUP INC COM	COM	868358102	247	10,342	SH		SOLE		10,342	0	0
SURMODICS INC COM STK	COM	868873100	286	5,273	SH		SOLE		5,273	0	0
TENNANT CO COM STK	COM	880345103	408	5,105	SH		SOLE		5,105	0	0
UNIONBANCORP INC COM STK	COM	89785L107	190	33,502	SH		SOLE		33,502	0	0
UNIVERSAL ELECTRONICS INC COM	COM	913483103	343	7,068	SH		SOLE		7,068	0	0
UNIVERSAL LOGISTICS HOLDINGS	COM	91388P105	563	24,184	SH		SOLE		24,184	0	0
VANDA PHARMACEUTICALS INC COM	COM	921659108	642	29,886	SH		SOLE		29,886	0	0
VERA BRADLEY INC	COM	92335C106	442	35,648	SH		SOLE		35,648	0	0
VERICEL CORP	COM	92346J108	393	7,479	SH		SOLE		7,479	0	0
VERITIV CORPRATN	COM	923454102	322	5,248	SH		SOLE		5,248	0	0
VIEMED HEALTHCARE	COM	92663R105	143	20,048	SH		SOLE		20,048	0	0
VILLAGE SUPER MARKET INC COM S	COM	927107409	473	20,137	SH		SOLE		20,137	0	0
VOYAGER THERAPEUTICS INC	COM	92915B106	220	53,360	SH		SOLE		53,360	0	0
WEIS MARKETS INC COM STK	COM	948849104	826	15,984	SH		SOLE		15,984	0	0
WHITESTONE REIT	COM	966084204	114	13,813	SH		SOLE		13,813	0	0