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
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
Accenture Plc Class A	COM	G1151C101	211	1,564	SH		SOLE		1,564	0	0
Advance Auto Parts, Inc.	COM	00751Y106	22,653	228,357	SH		SOLE		220,942	0	7,415
Aegion Corporation	COM	00770F104	7,850	337,180	SH		SOLE		304,870	0	32,310
Agrium Inc.	COM	008916108	206	1,924	SH		SOLE		1,924	0	0
Air Transport Services Group,	COM	00922R105	16,987	697,889	SH		SOLE		658,154	0	39,735
Aircastle Limited	COM	G0129K104	44,264	1,985,845	SH		SOLE		1,604,013	0	381,832
Alexander & Baldwin, Inc.	COM	014491104	1,496	32,285	SH		SOLE		32,285	0	0
Alphabet Inc. Class C	COM	02079K107	1,944	2,027	SH		SOLE		2,027	0	0
American National Insurance Co	COM	028591105	8,259	69,947	SH		SOLE		63,287	0	6,660
AmeriGas Partners, L.P.	COM	030975106	38,618	859,316	SH		SOLE		669,756	0	189,560
Amgen Inc.	COM	031162100	69,427	372,360	SH		SOLE		303,053	0	69,307
Anheuser-Busch InBev SA/NV Spo	COM	03524A108	237	1,990	SH		SOLE		1,990	0	0
Armstrong Flooring, Inc.	COM	04238R106	22,917	1,455,053	SH		SOLE		1,362,043	0	93,010
Armstrong World Industries, In	COM	04247X102	41,903	817,611	SH		SOLE		768,480	0	49,131
Asbury Automotive Group, Inc.	COM	043436104	32,917	538,734	SH		SOLE		505,589	0	33,145
Associated Capital Group, Inc.	COM	045528106	535	14,984	SH		SOLE		14,984	0	0
ATN International, Inc.	COM	00215F107	17,683	335,542	SH		SOLE		317,191	0	18,351
Axis Capital Holdings Limited	COM	G0692U109	42,081	734,276	SH		SOLE		596,362	0	137,914
Barrett Business Services, Inc	COM	068463108	5,800	102,606	SH		SOLE		93,630	0	8,976
BB&T Corporation	COM	054937107	103,743	2,210,110	SH		SOLE		1,795,821	0	414,289
Berkshire Hathaway Inc. Class	COM	084670702	21,045	114,800	SH		SOLE		106,050	0	8,750
Biglari Holdings Inc.	COM	08986R101	21,435	64,314	SH		SOLE		60,939	0	3,375
Blackhawk Network Holdings, In	COM	09238E104	59,769	1,364,580	SH		SOLE		1,285,290	0	79,290
Blackstone Group L.P.	COM	09253U108	1,144	34,283	SH		SOLE		34,283	0	0
Brookfield Asset Management In	COM	112585104	1,143	27,687	SH		SOLE		27,687	0	0
Capital Southwest Corporation	COM	140501107	14,409	841,130	SH		SOLE		789,628	0	51,502
Cardinal Health, Inc.	COM	14149Y108	36,267	541,950	SH		SOLE		444,049	0	97,901
Cars.com, Inc.	COM	14575E105	43,294	1,626,990	SH		SOLE		1,532,760	0	94,230
Cedar Fair, L.P.	COM	150185106	36,835	574,477	SH		SOLE		458,186	0	116,291
Check Point Software Technolog	COM	M22465104	228	2,004	SH		SOLE		2,004	0	0
Chevron Corporation	COM	166764100	44,914	382,251	SH		SOLE		311,211	0	71,040
Chubb Limited	COM	H1467J104	277	1,941	SH		SOLE		1,941	0	0
Cinemark Holdings, Inc.	COM	17243V102	82,191	2,269,850	SH		SOLE		1,895,824	0	374,026
CNA Financial Corporation	COM	126117100	31,161	620,110	SH		SOLE		513,637	0	106,473
Cogent Communications Holdings	COM	19239V302	33,905	693,363	SH		SOLE		570,617	0	122,746
Comcast Corporation Class A	COM	20030N101	10,457	271,746	SH		SOLE		253,173	0	18,573
Compass Minerals International	COM	20451N101	56,562	871,528	SH		SOLE		733,335	0	138,193
Computer Programs and Systems,	COM	205306103	22,894	774,755	SH		SOLE		729,432	0	45,323
Conduent, Inc.	COM	206787103	16,639	1,061,812	SH		SOLE		1,061,812	0	0
Corning Inc	COM	219350105	96,331	3,219,619	SH		SOLE		2,612,065	0	607,554
Coty Inc. Class A	COM	222070203	50,728	3,068,847	SH		SOLE		2,536,249	0	532,598
CSG Systems International, Inc	COM	126349109	35,870	894,517	SH		SOLE		808,393	0	86,124
Cubic Corporation	COM	229669106	22,206	435,416	SH		SOLE		413,971	0	21,445
CVS Health Corporation	COM	126650100	51,235	630,037	SH		SOLE		528,637	0	101,400
DaVita Inc.	COM	23918K108	9,220	155,252	SH		SOLE		143,157	0	12,095
Diageo plc Sponsored ADR	COM	25243Q205	340	2,577	SH		SOLE		2,577	0	0
Dolby Laboratories, Inc. Class	COM	25659T107	13,238	230,140	SH		SOLE		230,140	0	0
Emerson Electric Co.	COM	291011104	62,711	997,955	SH		SOLE		815,830	0	182,125
ePlus inc.	COM	294268107	14,543	157,306	SH		SOLE		147,526	0	9,780
EVERTEC, Inc.	COM	30040P103	11,087	699,470	SH		SOLE		664,148	0	35,322
Evolution Petroleum Corporatio	COM	30049A107	3,460	480,618	SH		SOLE		437,221	0	43,397
Extended Stay America Inc	COM	30224P200	74,650	3,732,512	SH		SOLE		3,283,364	0	449,148
Exxon Mobil Corporation	COM	30231G102	52,375	638,870	SH		SOLE		519,153	0	119,717
Fastenal Company	COM	311900104	80,694	1,770,373	SH		SOLE		1,438,652	0	331,721
Fidelity National Financial, I	COM	31620R402	59,118	3,447,122	SH		SOLE		3,257,334	0	189,788
Fifth Street Finance Corp.	COM	31678A103	597	109,171	SH		SOLE		109,171	0	0
First Citizens BancShares, Inc	COM	31946M103	5,569	14,894	SH		SOLE		13,681	0	1,213
Forward Air Corporation	COM	349853101	23,164	404,745	SH		SOLE		381,277	0	23,468
General Electric Company	COM	369604103	56,422	2,333,408	SH		SOLE		1,917,364	0	416,044
General Motors Company	COM	37045V100	13,938	345,183	SH		SOLE		316,955	0	28,228
GEO Group Inc	COM	36162J106	32,431	1,205,609	SH		SOLE		1,038,910	0	166,699
Gran Tierra Energy Inc.	COM	38500T101	3,186	1,397,293	SH		SOLE		1,263,493	0	133,800
HollyFrontier Corporation	COM	436106108	9,045	251,450	SH		SOLE		251,450	0	0
Ingersoll-Rand Plc	COM	G47791101	240	2,692	SH		SOLE		2,692	0	0
Ingles Markets, Incorporated C	COM	457030104	21,872	851,043	SH		SOLE		805,209	0	45,834
Intel Corporation	COM	458140100	58,425	1,534,265	SH		SOLE		1,247,401	0	286,864
International Speedway Corpora	COM	460335201	24,209	672,475	SH		SOLE		631,970	0	40,505
Interpublic Group of Companies	COM	460690100	67,245	3,234,467	SH		SOLE		2,750,307	0	484,160
Iron Mountain, Inc.	COM	46284V101	127,630	3,280,972	SH		SOLE		2,698,657	0	582,315
Ituran Location & Control Ltd.	COM	M6158M104	12,470	345,910	SH		SOLE		315,466	0	30,444
J. Alexander's Holdings, Inc.	COM	46609J106	11,859	1,022,343	SH		SOLE		952,360	0	69,983
Johnson Controls International	COM	G51502105	66,766	1,657,126	SH		SOLE		1,346,345	0	310,781
Kansas City Southern	COM	485170302	9,500	87,412	SH		SOLE		87,412	0	0
KAR Auction Services, Inc.	COM	48238T109	60,521	1,267,728	SH		SOLE		1,028,387	0	239,341
Kelly Services, Inc. Class A	COM	488152208	7,952	316,954	SH		SOLE		285,444	0	31,510
Kimberly-Clark Corporation	COM	494368103	46,275	393,225	SH		SOLE		319,396	0	73,829
KLX, Inc.	COM	482539103	3,552	67,102	SH		SOLE		60,751	0	6,351
La Quinta Holdings, Inc.	COM	50420D108	17,711	1,012,030	SH		SOLE		955,120	0	56,910
Leucadia National Corporation	COM	527288104	7,076	280,229	SH		SOLE		280,229	0	0
Liberty Broadband Corp. Class	COM	530307305	10,801	113,334	SH		SOLE		113,334	0	0
Liberty Expedia Holdings Inc C	COM	53046P109	44,353	835,107	SH		SOLE		791,687	0	43,420
Liberty Global Plc LiLAC Group	COM	G5480U138	5,563	234,112	SH		SOLE		234,112	0	0
Liberty Global Plc LiLAC Group	COM	G5480U153	22,525	966,751	SH		SOLE		929,742	0	37,009
Liberty Interactive Corporatio	COM	53071M856	50,698	880,940	SH		SOLE		857,635	0	23,305
Liberty Media Corp. Series C L	COM	531229607	8,151	194,664	SH		SOLE		180,453	0	14,211
LyondellBasell Industries NV	COM	N53745100	41,357	417,534	SH		SOLE		342,691	0	74,843
Madison Square Garden Co. Clas	COM	55825T103	6,288	29,370	SH		SOLE		29,370	0	0
Magellan Midstream Partners, L	COM	559080106	41,785	588,030	SH		SOLE		458,564	0	129,466
Marathon Petroleum Corporation	COM	56585A102	94,047	1,677,012	SH		SOLE		1,366,705	0	310,307
Marcus & Millichap, Inc.	COM	566324109	7,921	293,481	SH		SOLE		276,225	0	17,256
Marcus Corporation	COM	566330106	836	30,165	SH		SOLE		27,254	0	2,911
Match Group, Inc.	COM	57665R106	5,340	230,263	SH		SOLE		208,446	0	21,817
McKesson Corporation	COM	58155Q103	1,642	10,692	SH		SOLE		10,692	0	0
Melco Resorts and Entertainmen	COM	585464100	264	10,955	SH		SOLE		10,955	0	0
MetLife, Inc.	COM	59156R108	54,021	1,039,872	SH		SOLE		845,860	0	194,012
Microsoft Corporation	COM	594918104	45,878	615,895	SH		SOLE		497,625	0	118,270
Mitel Networks Corporation	COM	60671Q104	41,806	4,982,812	SH		SOLE		4,692,342	0	290,470
Monarch Casino & Resort, Inc.	COM	609027107	3,652	92,380	SH		SOLE		83,661	0	8,719
Motorcar Parts of America, Inc	COM	620071100	26,609	903,237	SH		SOLE		857,029	0	46,208
Motorola Solutions, Inc.	COM	620076307	59,610	702,363	SH		SOLE		571,761	0	130,602
Murphy USA, Inc.	COM	626755102	48,112	697,270	SH		SOLE		662,266	0	35,004
National CineMedia, Inc.	COM	635309107	11,035	1,580,945	SH		SOLE		1,502,535	0	78,410
National Fuel Gas Company	COM	636180101	96,743	1,708,939	SH		SOLE		1,430,047	0	278,892
Natural Grocers by Vitamin Cot	COM	63888U108	3,602	645,577	SH		SOLE		580,666	0	64,911
Nielsen Holdings Plc	COM	G6518L108	73,801	1,780,485	SH		SOLE		1,459,837	0	320,648
Novartis AG Sponsored ADR	COM	66987V109	239	2,781	SH		SOLE		2,781	0	0
Novo Nordisk A/S Sponsored ADR	COM	670100205	18,412	382,380	SH		SOLE		314,191	0	68,189
Oaktree Capital Group, LLC Cla	COM	674001201	12,156	258,359	SH		SOLE		258,359	0	0
Occidental Petroleum Corporati	COM	674599105	47,033	732,485	SH		SOLE		597,205	0	135,280
Omnicom Group Inc	COM	681919106	61,025	823,883	SH		SOLE		670,434	0	153,449
ORIX Corporation Sponsored ADR	COM	686330101	235	2,901	SH		SOLE		2,901	0	0
Orthofix International NV	COM	N6748L102	3,534	74,796	SH		SOLE		67,715	0	7,081
OSI Systems, Inc.	COM	671044105	6,811	74,540	SH		SOLE		66,770	0	7,770
Owens & Minor, Inc.	COM	690732102	37,265	1,276,191	SH		SOLE		1,023,161	0	253,030
PBF Energy, Inc. Class A	COM	69318G106	16,251	588,605	SH		SOLE		552,315	0	36,290
PepsiCo, Inc.	COM	713448108	41,168	369,456	SH		SOLE		300,203	0	69,253
PICO Holdings, Inc.	COM	693366205	22,848	1,368,126	SH		SOLE		1,296,334	0	71,792
PNC Financial Services Group,	COM	693475105	59,624	442,415	SH		SOLE		362,894	0	79,521
Polaris Industries Inc.	COM	731068102	38,429	367,288	SH		SOLE		298,603	0	68,685
Praxair, Inc.	COM	74005P104	108,653	777,538	SH		SOLE		631,628	0	145,910
Premier Inc. Class A	COM	74051N102	41,684	1,279,835	SH		SOLE		1,238,739	0	41,096
QEP Resources, Inc.	COM	74733V100	4,743	553,470	SH		SOLE		526,740	0	26,730
QUALCOMM Incorporated	COM	747525103	38,313	739,068	SH		SOLE		600,178	0	138,890
Realogy Holdings Corp.	COM	75605Y106	5,818	176,567	SH		SOLE		176,567	0	0
Resources Connection, Inc.	COM	76122Q105	15,572	1,120,308	SH		SOLE		1,060,551	0	59,757
Ryman Hospitality Properties,	COM	78377T107	70,711	1,131,554	SH		SOLE		918,176	0	213,378
Sabra Health Care REIT, Inc.	COM	78573L106	49,512	2,256,719	SH		SOLE		1,829,012	0	427,707
Sabre Corp.	COM	78573M104	14,913	823,925	SH		SOLE		787,719	0	36,206
Sanofi Sponsored ADR	COM	80105N105	208	4,182	SH		SOLE		4,182	0	0
SAP SE Sponsored ADR	COM	803054204	255	2,326	SH		SOLE		2,326	0	0
Select Comfort Corporation	COM	81616X103	27,470	884,694	SH		SOLE		841,016	0	43,678
SodaStream International Ltd.	COM	M9068E105	4,787	72,042	SH		SOLE		65,261	0	6,781
SP Plus Corporation	COM	78469C103	21,361	540,779	SH		SOLE		511,017	0	29,762
Spectra Energy Partners, LP	COM	84756N109	45,719	1,030,176	SH		SOLE		818,104	0	212,072
Spirit AeroSystems Holdings, I	COM	848574109	8,796	113,176	SH		SOLE		113,176	0	0
Sumitomo Mitsui Financial Grou	COM	86562M209	228	29,582	SH		SOLE		29,582	0	0
Sykes Enterprises, Incorporate	COM	871237103	15,815	542,343	SH		SOLE		513,887	0	28,456
Target Corporation	COM	87612E106	61,906	1,049,081	SH		SOLE		854,600	0	194,481
TE Connectivity Ltd.	COM	H84989104	59,168	712,357	SH		SOLE		579,263	0	133,094
TechTarget, Inc.	COM	87874R100	3,753	314,361	SH		SOLE		286,151	0	28,210
Telefonica Brasil S.A. Sponsor	COM	87936R106	173	10,933	SH		SOLE		10,933	0	0
Telephone and Data Systems, In	COM	879433829	15,575	558,460	SH		SOLE		524,201	0	34,259
Thomson Reuters Corporation	COM	884903105	56,007	1,220,735	SH		SOLE		989,848	0	230,887
TransMontaigne Partners L.P.	COM	89376V100	19,971	467,588	SH		SOLE		364,002	0	103,586
TRI Pointe Group Inc	COM	87265H109	586	42,453	SH		SOLE		42,453	0	0
U.S. Bancorp	COM	902973304	114,239	2,131,724	SH		SOLE		1,744,899	0	386,825
UBS Group AG	COM	H42097107	225	13,112	SH		SOLE		13,112	0	0
UniFirst Corporation	COM	904708104	57,098	376,887	SH		SOLE		358,101	0	18,786
Unilever PLC Sponsored ADR	COM	904767704	67,288	1,160,942	SH		SOLE		945,247	0	215,695
Union Pacific Corporation	COM	907818108	73,999	638,087	SH		SOLE		519,614	0	118,473
United Parcel Service, Inc. Cl	COM	911312106	62,105	517,153	SH		SOLE		419,129	0	98,024
Valero Energy Corporation	COM	91913Y100	60,820	790,589	SH		SOLE		647,264	0	143,325
Ventas, Inc.	COM	92276F100	62,189	954,838	SH		SOLE		775,209	0	179,629
VeriFone Systems, Inc.	COM	92342Y109	25,437	1,254,280	SH		SOLE		1,182,370	0	71,910
Verizon Communications Inc.	COM	92343V104	68,306	1,380,199	SH		SOLE		1,123,422	0	256,777
Viad Corp	COM	92552R406	5,875	96,475	SH		SOLE		86,549	0	9,926
Vista Outdoor Inc	COM	928377100	3,177	138,480	SH		SOLE		123,990	0	14,490
Wal-Mart Stores, Inc.	COM	931142103	67,730	866,775	SH		SOLE		746,906	0	119,869
Wells Fargo & Company	COM	949746101	67,199	1,218,479	SH		SOLE		1,009,958	0	208,521
WesBanco, Inc.	COM	950810101	22,036	537,197	SH		SOLE		429,729	0	107,468
Weyerhaeuser Company	COM	962166104	50,991	1,498,425	SH		SOLE		1,229,524	0	268,901
White Mountains Insurance Grou	COM	G9618E107	71,188	83,067	SH		SOLE		78,373	0	4,694
World Fuel Services Corporatio	COM	981475106	16,823	496,120	SH		SOLE		469,290	0	26,830