River Road 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
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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
Air Methods Corporation	COM	009128307	6,162	143,312	SH		SOLE		105,843	0	37,469
Air Transport Services Group,	COM	00922R105	26,556	1,654,565	SH		SOLE		1,388,595	0	265,970
Aircastle Limited	COM	G0129K104	49,899	2,067,924	SH		SOLE		1,682,336	0	385,588
Akorn, Inc.	COM	009728106	19,896	826,231	SH		SOLE		702,998	0	123,233
Alexander & Baldwin, Inc.	COM	014491104	1,300	29,194	SH		SOLE		29,194	0	0
Allergan plc	COM	G0177J108	1,116	4,672	SH		SOLE		4,672	0	0
Alphabet Inc. Class C	COM	02079K107	1,067	1,286	SH		SOLE		1,286	0	0
American National Insurance Co	COM	028591105	12,988	110,038	SH		SOLE		88,208	0	21,830
AmeriGas Partners, L.P.	COM	030975106	42,379	899,966	SH		SOLE		710,554	0	189,412
Amgen Inc.	COM	031162100	63,361	386,182	SH		SOLE		314,264	0	71,918
Asbury Automotive Group, Inc.	COM	043436104	21,387	355,865	SH		SOLE		302,675	0	53,190
ATN International, Inc.	COM	00215F107	14,773	209,790	SH		SOLE		173,777	0	36,013
Axis Capital Holdings Limited	COM	G0692U109	51,223	764,173	SH		SOLE		621,188	0	142,985
Barrett Business Services, Inc	COM	068463108	6,916	126,623	SH		SOLE		94,130	0	32,493
BB&T Corporation	COM	054937107	102,661	2,296,676	SH		SOLE		1,867,570	0	429,106
Berkshire Hathaway Inc. Class	COM	084670702	17,210	103,251	SH		SOLE		103,251	0	0
Biglari Holdings Inc.	COM	08986R101	33,006	76,407	SH		SOLE		64,587	0	11,820
Blackhawk Network Holdings, In	COM	09238E104	67,806	1,670,092	SH		SOLE		1,446,130	0	223,962
Blackstone Group L.P.	COM	09253U108	855	28,799	SH		SOLE		28,799	0	0
Capital Southwest Corporation	COM	140501107	16,643	984,199	SH		SOLE		823,268	0	160,931
Cardinal Health, Inc.	COM	14149Y108	72,242	885,861	SH		SOLE		742,065	0	143,796
Cedar Fair, L.P.	COM	150185106	40,836	602,213	SH		SOLE		487,360	0	114,853
Chevron Corporation	COM	166764100	42,896	399,515	SH		SOLE		325,899	0	73,616
Cinemark Holdings, Inc.	COM	17243V102	87,934	1,983,166	SH		SOLE		1,615,374	0	367,792
CNA Financial Corporation	COM	126117100	37,624	851,811	SH		SOLE		743,145	0	108,666
Comcast Corporation Class A	COM	20030N101	10,185	270,958	SH		SOLE		270,958	0	0
Compass Minerals International	COM	20451N101	50,542	744,911	SH		SOLE		610,156	0	134,755
Computer Programs and Systems,	COM	205306103	25,914	925,495	SH		SOLE		766,742	0	158,753
Corning Inc	COM	219350105	90,924	3,367,552	SH		SOLE		2,737,476	0	630,076
CSG Systems International, Inc	COM	126349109	41,237	1,090,643	SH		SOLE		909,643	0	181,000
Cubic Corporation	COM	229669106	27,793	526,389	SH		SOLE		450,581	0	75,808
CVS Health Corporation	COM	126650100	49,834	634,824	SH		SOLE		542,532	0	92,292
DaVita Inc.	COM	23918K108	9,317	137,072	SH		SOLE		137,072	0	0
Diamond Offshore Drilling, Inc	COM	25271C102	896	53,603	SH		SOLE		53,603	0	0
Dolby Laboratories, Inc. Class	COM	25659T107	13,880	264,830	SH		SOLE		264,830	0	0
Emerson Electric Co.	COM	291011104	62,164	1,038,484	SH		SOLE		848,406	0	190,078
ePlus inc.	COM	294268107	24,304	179,960	SH		SOLE		151,173	0	28,787
Evolution Petroleum Corporatio	COM	30049A107	4,720	589,987	SH		SOLE		437,221	0	152,766
Express Scripts Holding Compan	COM	30219G108	866	13,141	SH		SOLE		13,141	0	0
Exxon Mobil Corporation	COM	30231G102	54,733	667,390	SH		SOLE		543,321	0	124,069
Fastenal Company	COM	311900104	94,957	1,843,818	SH		SOLE		1,500,377	0	343,441
Fidelity National Financial, I	COM	31620R402	69,793	5,267,377	SH		SOLE		4,545,702	0	721,675
First Citizens BancShares, Inc	COM	31946M103	6,248	18,629	SH		SOLE		13,891	0	4,738
Forward Air Corporation	COM	349853101	23,547	494,998	SH		SOLE		406,917	0	88,081
General Motors Company	COM	37045V100	9,426	266,583	SH		SOLE		266,583	0	0
GEO Group Inc	COM	36162J106	94,155	2,030,505	SH		SOLE		1,650,938	0	379,567
Gran Tierra Energy Inc.	COM	38500T101	7,186	2,721,923	SH		SOLE		2,323,493	0	398,430
Graphic Packaging Holding Comp	COM	388689101	7,496	582,450	SH		SOLE		582,450	0	0
HollyFrontier Corporation	COM	436106108	750	26,476	SH		SOLE		26,476	0	0
Ingles Markets, Incorporated C	COM	457030104	48,562	1,125,418	SH		SOLE		966,629	0	158,789
Intel Corporation	COM	458140100	57,450	1,592,733	SH		SOLE		1,295,491	0	297,242
International Speedway Corpora	COM	460335201	33,107	895,998	SH		SOLE		757,120	0	138,878
Iron Mountain, Inc.	COM	46284V101	123,815	3,471,116	SH		SOLE		2,868,148	0	602,968
Ituran Location & Control Ltd.	COM	M6158M104	12,940	419,451	SH		SOLE		321,376	0	98,075
J. Alexander's Holdings, Inc.	COM	46609J106	12,167	1,210,694	SH		SOLE		971,030	0	239,664
Johnson Controls International	COM	G51502105	59,716	1,417,754	SH		SOLE		1,153,917	0	263,837
Kansas City Southern	COM	485170302	8,804	102,662	SH		SOLE		102,662	0	0
Kelly Services, Inc. Class A	COM	488152208	12,567	574,869	SH		SOLE		471,969	0	102,900
Kimberly-Clark Corporation	COM	494368103	53,918	409,620	SH		SOLE		333,023	0	76,597
KLX, Inc.	COM	482539103	12,859	287,683	SH		SOLE		237,304	0	50,379
L Brands, Inc.	COM	501797104	5,376	114,137	SH		SOLE		114,137	0	0
La Quinta Holdings, Inc.	COM	50420D108	27,895	2,063,230	SH		SOLE		1,755,350	0	307,880
Leucadia National Corporation	COM	527288104	10,439	401,519	SH		SOLE		401,519	0	0
Liberty Broadband Corp. Class	COM	530307107	963	11,313	SH		SOLE		11,313	0	0
Liberty Broadband Corp. Class	COM	530307305	15,383	178,041	SH		SOLE		178,041	0	0
Liberty Expedia Holdings Inc C	COM	53046P109	54,483	1,197,960	SH		SOLE		1,045,860	0	152,100
Liberty Interactive Corporatio	COM	53071M856	41,987	943,944	SH		SOLE		943,944	0	0
Liberty Media Corp. Series C L	COM	531229607	10,858	279,979	SH		SOLE		279,979	0	0
LyondellBasell Industries NV	COM	N53745100	39,633	434,616	SH		SOLE		356,960	0	77,656
Madison Square Garden Co. Clas	COM	55825T103	11,761	58,890	SH		SOLE		58,890	0	0
Magellan Midstream Partners, L	COM	559080106	39,394	512,213	SH		SOLE		404,569	0	107,644
Marathon Petroleum Corporation	COM	56585A102	88,283	1,746,801	SH		SOLE		1,425,343	0	321,458
Marcus & Millichap, Inc.	COM	566324109	8,795	357,830	SH		SOLE		300,605	0	57,225
Match Group, Inc.	COM	57665R106	9,683	592,965	SH		SOLE		492,911	0	100,054
McKesson Corporation	COM	58155Q103	929	6,268	SH		SOLE		6,268	0	0
MetLife, Inc.	COM	59156R108	57,139	1,081,771	SH		SOLE		880,645	0	201,126
Microsoft Corporation	COM	594918104	119,465	1,813,930	SH		SOLE		1,475,243	0	338,687
MicroStrategy Incorporated Cla	COM	594972408	19,773	105,290	SH		SOLE		87,280	0	18,010
Monarch Casino & Resort, Inc.	COM	609027107	9,040	306,020	SH		SOLE		226,671	0	79,349
Motorcar Parts of America, Inc	COM	620071100	31,920	1,038,723	SH		SOLE		876,669	0	162,054
Motorola Solutions, Inc.	COM	620076307	73,328	850,473	SH		SOLE		691,205	0	159,268
Murphy USA, Inc.	COM	626755102	55,283	752,967	SH		SOLE		642,756	0	110,211
National CineMedia, Inc.	COM	635309107	11,919	943,732	SH		SOLE		776,032	0	167,700
National Fuel Gas Company	COM	636180101	107,781	1,807,807	SH		SOLE		1,534,549	0	273,258
Natural Grocers by Vitamin Cot	COM	63888U108	11,064	1,064,901	SH		SOLE		810,716	0	254,185
NeuStar, Inc. Class A	COM	64126X201	6,185	186,565	SH		SOLE		137,921	0	48,644
Novo Nordisk A/S Sponsored ADR	COM	670100205	19,080	556,581	SH		SOLE		456,473	0	100,108
Oaktree Capital Group, LLC Cla	COM	674001201	9,217	203,475	SH		SOLE		203,475	0	0
Occidental Petroleum Corporati	COM	674599105	61,408	969,188	SH		SOLE		790,907	0	178,281
Omnicom Group Inc	COM	681919106	92,435	1,072,207	SH		SOLE		873,626	0	198,581
OSI Systems, Inc.	COM	671044105	12,759	174,810	SH		SOLE		146,290	0	28,520
Owens & Minor, Inc.	COM	690732102	45,908	1,326,815	SH		SOLE		1,064,186	0	262,629
PBF Energy, Inc. Class A	COM	69318G106	19,044	858,985	SH		SOLE		731,575	0	127,410
PepsiCo, Inc.	COM	713448108	43,500	388,877	SH		SOLE		315,058	0	73,819
PICO Holdings, Inc.	COM	693366205	22,746	1,624,721	SH		SOLE		1,319,184	0	305,537
PNC Financial Services Group,	COM	693475105	55,732	463,506	SH		SOLE		378,596	0	84,910
Polaris Industries Inc.	COM	731068102	45,474	542,648	SH		SOLE		471,432	0	71,216
Praxair, Inc.	COM	74005P104	102,104	860,914	SH		SOLE		709,747	0	151,167
Premier Inc. Class A	COM	74051N102	42,718	1,342,069	SH		SOLE		1,342,069	0	0
QEP Resources, Inc.	COM	74733V100	9,460	744,280	SH		SOLE		635,490	0	108,790
QUALCOMM Incorporated	COM	747525103	65,634	1,144,651	SH		SOLE		931,425	0	213,226
Ralph Lauren Corporation Class	COM	751212101	695	8,509	SH		SOLE		8,509	0	0
Realogy Holdings Corp.	COM	75605Y106	18,756	629,618	SH		SOLE		629,618	0	0
Resources Connection, Inc.	COM	76122Q105	22,444	1,339,967	SH		SOLE		1,132,591	0	207,376
Ryman Hospitality Properties,	COM	78377T107	73,934	1,195,755	SH		SOLE		972,254	0	223,501
Sabra Health Care REIT, Inc.	COM	78573L106	49,666	1,778,244	SH		SOLE		1,449,374	0	328,870
Sabre Corp.	COM	78573M104	17,012	802,841	SH		SOLE		802,841	0	0
Select Comfort Corporation	COM	81616X103	24,539	989,858	SH		SOLE		836,876	0	152,982
SodaStream International Ltd.	COM	M9068E105	9,153	188,998	SH		SOLE		151,925	0	37,073
SP Plus Corporation	COM	78469C103	32,025	948,882	SH		SOLE		812,927	0	135,955
Spectra Energy Partners, LP	COM	84756N109	47,349	1,084,494	SH		SOLE		870,298	0	214,196
Spirit AeroSystems Holdings, I	COM	848574109	18,460	318,720	SH		SOLE		318,720	0	0
Sykes Enterprises, Incorporate	COM	871237103	19,161	651,722	SH		SOLE		558,177	0	93,545
Target Corporation	COM	87612E106	60,983	1,104,961	SH		SOLE		903,341	0	201,620
Taro Pharmaceutical Industries	COM	M8737E108	5,728	49,120	SH		SOLE		49,120	0	0
TE Connectivity Ltd.	COM	H84989104	64,211	861,316	SH		SOLE		701,554	0	159,762
TechTarget, Inc.	COM	87874R100	3,479	385,299	SH		SOLE		286,151	0	99,148
Telephone and Data Systems, In	COM	879433829	20,153	760,210	SH		SOLE		638,341	0	121,869
Thomson Reuters Corporation	COM	884903105	63,329	1,464,936	SH		SOLE		1,195,699	0	269,237
Time Warner Inc.	COM	887317303	45,432	464,965	SH		SOLE		387,973	0	76,992
TransMontaigne Partners L.P.	COM	89376V100	17,362	388,585	SH		SOLE		305,736	0	82,849
Tribune Media Co. Class A	COM	896047503	28,071	753,167	SH		SOLE		645,954	0	107,213
U.S. Bancorp	COM	902973304	111,901	2,172,826	SH		SOLE		1,783,468	0	389,358
UCP, Inc. Class A	COM	90265Y106	7,540	742,854	SH		SOLE		522,064	0	220,790
UniFirst Corporation	COM	904708104	64,195	453,834	SH		SOLE		386,201	0	67,633
Unilever PLC Sponsored ADR	COM	904767704	70,380	1,426,433	SH		SOLE		1,162,070	0	264,363
Union Pacific Corporation	COM	907818108	70,236	663,100	SH		SOLE		540,335	0	122,765
United Parcel Service, Inc. Cl	COM	911312106	57,817	538,831	SH		SOLE		437,179	0	101,652
Uniti Group Inc	COM	91325V108	42,514	1,644,629	SH		SOLE		1,338,270	0	306,359
US Ecology, Inc.	COM	91732J102	8,801	187,865	SH		SOLE		154,342	0	33,523
Valero Energy Corporation	COM	91913Y100	54,613	823,851	SH		SOLE		675,089	0	148,762
Vectren Corporation	COM	92240G101	20,417	348,357	SH		SOLE		283,508	0	64,849
Ventas, Inc.	COM	92276F100	78,022	1,199,604	SH		SOLE		974,909	0	224,695
VeriFone Systems, Inc.	COM	92342Y109	30,171	1,610,842	SH		SOLE		1,387,432	0	223,410
Verizon Communications Inc.	COM	92343V104	91,181	1,870,385	SH		SOLE		1,519,634	0	350,751
Viad Corp	COM	92552R406	5,984	132,395	SH		SOLE		97,689	0	34,706
Vista Outdoor Inc	COM	928377100	14,018	680,840	SH		SOLE		570,250	0	110,590
W.W. Grainger, Inc.	COM	384802104	51,791	222,510	SH		SOLE		181,567	0	40,943
Wal-Mart Stores, Inc.	COM	931142103	64,277	891,743	SH		SOLE		770,379	0	121,364
Wells Fargo & Company	COM	949746101	69,004	1,239,747	SH		SOLE		1,037,343	0	202,404
WesBanco, Inc.	COM	950810101	14,723	386,340	SH		SOLE		315,336	0	71,004
Weyerhaeuser Company	COM	962166104	53,031	1,560,651	SH		SOLE		1,281,605	0	279,046
White Mountains Insurance Grou	COM	G9618E107	77,278	87,828	SH		SOLE		76,532	0	11,296
World Fuel Services Corporatio	COM	981475106	13,331	367,765	SH		SOLE		313,973	0	53,792