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
Accenture Plc Class A	COM	G1151C101	256	1,667	SH		SOLE		1,667	0	0
Advance Auto Parts, Inc.	COM	00751Y106	26,443	223,053	SH		SOLE		215,352	0	7,701
Aegion Corporation	COM	00770F104	3,887	169,653	SH		SOLE		152,403	0	17,250
Air Transport Services Group,	COM	00922R105	13,877	595,049	SH		SOLE		555,314	0	39,735
Aircastle Limited	COM	G0129K104	36,069	1,816,176	SH		SOLE		1,489,440	0	326,736
Alexander & Baldwin, Inc.	COM	014491104	1,389	60,049	SH		SOLE		60,049	0	0
Allergan plc	COM	G0177J108	1,233	7,325	SH		SOLE		7,325	0	0
Alphabet Inc. Class C	COM	02079K107	1,385	1,342	SH		SOLE		1,342	0	0
AMC Networks Inc. Class A	COM	00164V103	14,861	287,450	SH		SOLE		269,820	0	17,630
American National Insurance Co	COM	028591105	8,096	69,217	SH		SOLE		62,557	0	6,660
AmeriGas Partners, L.P.	COM	030975106	31,668	792,291	SH		SOLE		629,858	0	162,433
Amgen Inc.	COM	031162100	57,839	339,274	SH		SOLE		279,318	0	59,956
Anheuser-Busch InBev SA/NV Spo	COM	03524A108	225	2,044	SH		SOLE		2,044	0	0
Armstrong Flooring, Inc.	COM	04238R106	15,942	1,174,820	SH		SOLE		1,111,800	0	63,020
Armstrong World Industries, In	COM	04247X102	30,525	542,176	SH		SOLE		513,268	0	28,908
Asbury Automotive Group, Inc.	COM	043436104	36,013	533,520	SH		SOLE		501,438	0	32,082
ATN International, Inc.	COM	00215F107	21,233	356,141	SH		SOLE		337,790	0	18,351
Avaya Holdings Corp.	COM	05351X101	37,996	1,696,261	SH		SOLE		1,611,221	0	85,040
Axis Capital Holdings Limited	COM	G0692U109	64,264	1,116,273	SH		SOLE		979,276	0	136,997
Baker Hughes, a GE Company Cla	COM	05722G100	793	28,565	SH		SOLE		28,565	0	0
Barrett Business Services, Inc	COM	068463108	7,470	90,131	SH		SOLE		81,155	0	8,976
BB&T Corporation	COM	054937107	104,725	2,012,397	SH		SOLE		1,655,084	0	357,313
Berkshire Hathaway Inc. Class	COM	084670702	19,072	95,608	SH		SOLE		86,951	0	8,657
Biglari Holdings Inc.	COM	08986R101	26,445	64,752	SH		SOLE		61,377	0	3,375
Black Hills Corporation	COM	092113109	17,362	319,750	SH		SOLE		261,900	0	57,850
Blackstone Group L.P.	COM	09253U108	1,095	34,283	SH		SOLE		34,283	0	0
BP p.l.c. Sponsored ADR	COM	055622104	202	4,981	SH		SOLE		4,981	0	0
Brookfield Asset Management In	COM	112585104	10,777	276,323	SH		SOLE		253,928	0	22,395
Canadian Pacific Railway Limit	COM	13645T100	203	1,148	SH		SOLE		1,148	0	0
Cannae Holdings, Inc.	COM	13765N107	55,549	2,945,342	SH		SOLE		2,797,046	0	148,296
Capital Southwest Corporation	COM	140501107	14,752	866,772	SH		SOLE		815,270	0	51,502
Cars.com, Inc.	COM	14575E105	45,535	1,607,320	SH		SOLE		1,513,698	0	93,622
Casey's General Stores, Inc.	COM	147528103	14,357	130,794	SH		SOLE		130,794	0	0
Cedar Fair, L.P.	COM	150185106	33,860	530,058	SH		SOLE		434,495	0	95,563
Check Point Software Technolog	COM	M22465104	202	2,033	SH		SOLE		2,033	0	0
Chevron Corporation	COM	166764100	39,704	348,157	SH		SOLE		286,645	0	61,512
Chubb Limited	COM	H1467J104	251	1,838	SH		SOLE		1,838	0	0
Cinemark Holdings, Inc.	COM	17243V102	71,221	1,890,647	SH		SOLE		1,584,411	0	306,236
Cisco Systems, Inc.	COM	17275R102	61,340	1,430,180	SH		SOLE		1,169,437	0	260,743
CNA Financial Corporation	COM	126117100	23,972	485,746	SH		SOLE		393,444	0	92,302
Comcast Corporation Class A	COM	20030N101	55,367	1,620,335	SH		SOLE		1,371,260	0	249,075
Compass Minerals International	COM	20451N101	11,752	194,895	SH		SOLE		184,455	0	10,440
Computer Programs and Systems,	COM	205306103	23,263	796,692	SH		SOLE		751,369	0	45,323
Conduent, Inc.	COM	206787103	20,623	1,106,364	SH		SOLE		1,106,364	0	0
Corning Inc	COM	219350105	82,092	2,944,465	SH		SOLE		2,409,123	0	535,342
Coty Inc. Class A	COM	222070203	50,253	2,746,050	SH		SOLE		2,286,333	0	459,717
CSG Systems International, Inc	COM	126349109	30,658	676,922	SH		SOLE		639,170	0	37,752
Cubic Corporation	COM	229669106	22,431	352,682	SH		SOLE		331,237	0	21,445
CVS Health Corporation	COM	126650100	33,966	545,991	SH		SOLE		458,620	0	87,371
Diageo plc Sponsored ADR	COM	25243Q205	365	2,693	SH		SOLE		2,693	0	0
Discovery, Inc. Class C	COM	25470F302	22,528	1,154,114	SH		SOLE		1,129,568	0	24,546
Dolby Laboratories, Inc. Class	COM	25659T107	8,487	133,530	SH		SOLE		133,530	0	0
Dominion Energy Midstream Part	COM	257454108	6,708	437,010	SH		SOLE		346,121	0	90,889
Emerson Electric Co.	COM	291011104	53,272	779,972	SH		SOLE		641,680	0	138,292
Entercom Communications Corp.	COM	293639100	12,548	1,300,350	SH		SOLE		1,240,400	0	59,950
ePlus inc.	COM	294268107	15,445	198,782	SH		SOLE		185,792	0	12,990
Evolution Petroleum Corporatio	COM	30049A107	3,936	488,888	SH		SOLE		445,491	0	43,397
Expedia Group, Inc.	COM	30212P303	13,560	122,814	SH		SOLE		112,560	0	10,254
Extended Stay America, Inc.	COM	30224P200	77,578	3,924,016	SH		SOLE		3,494,565	0	429,451
Exxon Mobil Corporation	COM	30231G102	56,506	757,356	SH		SOLE		623,175	0	134,181
Fastenal Company	COM	311900104	108,484	1,987,250	SH		SOLE		1,633,957	0	353,293
FGL Holdings Class A	COM	G3402M102	23,793	2,344,145	SH		SOLE		2,231,095	0	113,050
First Citizens BancShares, Inc	COM	31946M103	6,159	14,904	SH		SOLE		13,691	0	1,213
Forward Air Corporation	COM	349853101	22,065	417,415	SH		SOLE		393,947	0	23,468
GCI Liberty, Inc. Class A	COM	36164V305	48,325	914,207	SH		SOLE		890,201	0	24,006
General Electric Company	COM	369604103	24,612	1,825,850	SH		SOLE		1,556,243	0	269,607
Genworth Financial, Inc. Class	COM	37247D106	10,021	3,540,979	SH		SOLE		3,366,249	0	174,730
GEO Group Inc	COM	36162J106	36,593	1,787,652	SH		SOLE		1,563,954	0	223,698
Gildan Activewear Inc.	COM	375916103	242	8,364	SH		SOLE		8,364	0	0
Gran Tierra Energy Inc.	COM	38500T101	4,152	1,488,253	SH		SOLE		1,354,453	0	133,800
Hanesbrands Inc.	COM	410345102	41,328	2,243,654	SH		SOLE		1,844,034	0	399,620
Honda Motor Co., Ltd. Sponsore	COM	438128308	204	5,874	SH		SOLE		5,874	0	0
Hostess Brands, Inc. Class A	COM	44109J106	75,790	5,124,401	SH		SOLE		4,832,180	0	292,221
Ingersoll-Rand Plc	COM	G47791101	312	3,644	SH		SOLE		3,644	0	0
Ingles Markets, Incorporated C	COM	457030104	30,606	904,164	SH		SOLE		858,330	0	45,834
Intel Corporation	COM	458140100	44,242	849,497	SH		SOLE		698,803	0	150,694
International Speedway Corpora	COM	460335201	23,759	538,758	SH		SOLE		505,611	0	33,147
Interpublic Group of Companies	COM	460690100	66,255	2,876,891	SH		SOLE		2,471,037	0	405,854
Iron Mountain, Inc.	COM	46284V101	83,934	2,554,277	SH		SOLE		2,132,544	0	421,733
Ituran Location & Control Ltd.	COM	M6158M104	10,756	345,840	SH		SOLE		315,396	0	30,444
J. Alexander's Holdings, Inc.	COM	46609J106	11,601	1,013,185	SH		SOLE		943,202	0	69,983
Johnson Controls International	COM	G51502105	44,355	1,258,666	SH		SOLE		1,034,800	0	223,866
Kansas City Southern	COM	485170302	8,221	74,842	SH		SOLE		74,842	0	0
KAR Auction Services, Inc.	COM	48238T109	62,563	1,154,308	SH		SOLE		947,678	0	206,630
Kelly Services, Inc. Class A	COM	488152208	6,619	227,944	SH		SOLE		205,684	0	22,260
Kimberly-Clark Corporation	COM	494368103	73,777	669,904	SH		SOLE		551,410	0	118,494
Kraft Heinz Company	COM	500754106	52,298	839,586	SH		SOLE		690,845	0	148,741
Leucadia National Corporation	COM	527288104	6,851	301,419	SH		SOLE		301,419	0	0
Liberty Broadband Corp. Class	COM	530307305	11,052	128,973	SH		SOLE		128,973	0	0
Liberty Expedia Holdings Inc C	COM	53046P109	42,964	1,093,786	SH		SOLE		1,041,195	0	52,591
Liberty Latin America Ltd. Cla	COM	G9001E102	5,273	271,082	SH		SOLE		271,082	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	21,189	1,109,969	SH		SOLE		1,068,110	0	41,859
Liberty Media Corp. Series C L	COM	531229607	8,965	219,467	SH		SOLE		202,763	0	16,704
LyondellBasell Industries NV	COM	N53745100	32,775	310,130	SH		SOLE		256,625	0	53,505
Magellan Midstream Partners, L	COM	559080106	31,493	539,730	SH		SOLE		426,636	0	113,094
Marathon Petroleum Corporation	COM	56585A102	122,411	1,674,338	SH		SOLE		1,378,375	0	295,963
Marcus & Millichap, Inc.	COM	566324109	4,251	117,896	SH		SOLE		106,595	0	11,301
Marcus Corporation	COM	566330106	6,392	210,601	SH		SOLE		190,484	0	20,117
McKesson Corporation	COM	58155Q103	1,856	13,174	SH		SOLE		13,174	0	0
Melco Resorts and Entertainmen	COM	585464100	323	11,154	SH		SOLE		11,154	0	0
Meredith Corporation	COM	589433101	34,773	646,332	SH		SOLE		531,761	0	114,571
MetLife, Inc.	COM	59156R108	33,081	720,884	SH		SOLE		592,400	0	128,484
Microsoft Corporation	COM	594918104	26,442	289,717	SH		SOLE		238,208	0	51,509
Mitel Networks Corporation	COM	60671Q104	69,517	7,491,040	SH		SOLE		7,079,890	0	411,150
Motorcar Parts of America, Inc	COM	620071100	20,300	947,250	SH		SOLE		901,042	0	46,208
Motorola Solutions, Inc.	COM	620076307	49,578	470,827	SH		SOLE		387,082	0	83,745
Murphy USA, Inc.	COM	626755102	32,467	445,971	SH		SOLE		423,207	0	22,764
National CineMedia, Inc.	COM	635309107	10,652	2,052,415	SH		SOLE		1,936,865	0	115,550
National Fuel Gas Company	COM	636180101	62,413	1,213,085	SH		SOLE		1,014,165	0	198,920
Newmark Group, Inc. Class A	COM	65158N102	5,367	353,320	SH		SOLE		353,320	0	0
NICE Ltd Sponsored ADR	COM	653656108	224	2,381	SH		SOLE		2,381	0	0
Nielsen Holdings Plc	COM	G6518L108	57,249	1,800,863	SH		SOLE		1,507,786	0	293,077
Novartis AG Sponsored ADR	COM	66987V109	231	2,858	SH		SOLE		2,858	0	0
Nutrien Ltd.	COM	67077M108	271	5,728	SH		SOLE		5,728	0	0
Oaktree Capital Group, LLC Cla	COM	674001201	8,295	209,465	SH		SOLE		209,465	0	0
Oaktree Specialty Lending Corp	COM	67401P108	25,386	6,029,881	SH		SOLE		5,777,491	0	252,390
Occidental Petroleum Corporati	COM	674599105	43,344	667,238	SH		SOLE		550,524	0	116,714
Omnicom Group Inc	COM	681919106	63,120	868,583	SH		SOLE		714,397	0	154,186
ORIX Corporation Sponsored ADR	COM	686330101	285	3,176	SH		SOLE		3,176	0	0
Orthofix International NV	COM	N6748L102	4,362	74,216	SH		SOLE		67,135	0	7,081
OSI Systems, Inc.	COM	671044105	6,969	106,770	SH		SOLE		96,260	0	10,510
Papa John's International, Inc	COM	698813102	353	6,162	SH		SOLE		6,162	0	0
Patterson Companies, Inc.	COM	703395103	10,763	484,169	SH		SOLE		460,789	0	23,380
PBF Energy, Inc. Class A	COM	69318G106	17,141	505,625	SH		SOLE		477,935	0	27,690
PepsiCo, Inc.	COM	713448108	36,789	337,046	SH		SOLE		277,109	0	59,937
PICO Holdings, Inc.	COM	693366205	14,428	1,260,126	SH		SOLE		1,188,334	0	71,792
PNC Financial Services Group,	COM	693475105	44,223	292,404	SH		SOLE		240,659	0	51,745
Polaris Industries Inc.	COM	731068102	38,303	334,468	SH		SOLE		275,241	0	59,227
Praxair, Inc.	COM	74005P104	85,596	593,184	SH		SOLE		487,769	0	105,415
Premier Inc. Class A	COM	74051N102	41,469	1,324,464	SH		SOLE		1,287,632	0	36,832
Prudential plc Sponsored ADR	COM	74435K204	283	5,543	SH		SOLE		5,543	0	0
QEP Resources, Inc.	COM	74733V100	2,851	291,170	SH		SOLE		264,440	0	26,730
QUALCOMM Incorporated	COM	747525103	60,286	1,088,002	SH		SOLE		891,430	0	196,572
Realogy Holdings Corp.	COM	75605Y106	10,424	382,096	SH		SOLE		382,096	0	0
Resources Connection, Inc.	COM	76122Q105	16,220	1,001,258	SH		SOLE		941,501	0	59,757
Rio Tinto plc Sponsored ADR	COM	767204100	218	4,221	SH		SOLE		4,221	0	0
Royal Dutch Shell Plc Sponsore	COM	780259107	201	3,073	SH		SOLE		3,073	0	0
Ryman Hospitality Properties,	COM	78377T107	61,358	792,231	SH		SOLE		651,112	0	141,119
Sabra Health Care REIT, Inc.	COM	78573L106	36,256	2,054,160	SH		SOLE		1,687,163	0	366,997
Sabre Corp.	COM	78573M104	26,312	1,226,686	SH		SOLE		1,190,014	0	36,672
SAP SE Sponsored ADR	COM	803054204	257	2,441	SH		SOLE		2,441	0	0
Sleep Number Corporation	COM	83125X103	19,452	553,394	SH		SOLE		522,776	0	30,618
SodaStream International Ltd.	COM	M9068E105	4,316	46,997	SH		SOLE		42,556	0	4,441
SP Plus Corporation	COM	78469C103	6,232	175,046	SH		SOLE		157,694	0	17,352
Spectra Energy Partners, LP	COM	84756N109	31,735	943,371	SH		SOLE		761,525	0	181,846
Starbucks Corporation	COM	855244109	50,799	877,516	SH		SOLE		724,777	0	152,739
Sumitomo Mitsui Financial Grou	COM	86562M209	263	30,984	SH		SOLE		30,984	0	0
Sykes Enterprises, Incorporate	COM	871237103	16,492	569,879	SH		SOLE		541,423	0	28,456
Target Corporation	COM	87612E106	75,024	1,080,571	SH		SOLE		890,598	0	189,973
Telefonica Brasil S.A. Sponsor	COM	87936R106	179	11,648	SH		SOLE		11,648	0	0
Telephone and Data Systems, In	COM	879433829	7,265	259,197	SH		SOLE		234,448	0	24,749
Thomson Reuters Corporation	COM	884903105	42,939	1,110,979	SH		SOLE		912,436	0	198,543
TJX Companies Inc	COM	872540109	1,088	13,336	SH		SOLE		13,336	0	0
TransMontaigne Partners L.P.	COM	89376V100	15,622	436,494	SH		SOLE		352,800	0	83,694
Turkcell Iletisim Hizmetleri A	COM	900111204	170	17,762	SH		SOLE		17,762	0	0
U.S. Bancorp	COM	902973304	96,930	1,919,415	SH		SOLE		1,586,017	0	333,398
UBS Group AG	COM	H42097107	246	13,944	SH		SOLE		13,944	0	0
UniFirst Corporation	COM	904708104	60,549	374,567	SH		SOLE		355,781	0	18,786
Unilever PLC Sponsored ADR	COM	904767704	58,759	1,057,584	SH		SOLE		871,374	0	186,210
Union Pacific Corporation	COM	907818108	78,099	580,963	SH		SOLE		478,704	0	102,259
United Parcel Service, Inc. Cl	COM	911312106	58,574	559,659	SH		SOLE		461,591	0	98,068
Valero Energy Corporation	COM	91913Y100	37,866	408,167	SH		SOLE		338,454	0	69,713
Ventas, Inc.	COM	92276F100	56,818	1,147,149	SH		SOLE		967,663	0	179,486
VeriFone Systems, Inc.	COM	92342Y109	20,038	1,302,850	SH		SOLE		1,230,940	0	71,910
Verizon Communications Inc.	COM	92343V104	60,097	1,256,734	SH		SOLE		1,035,265	0	221,469
Viad Corp	COM	92552R406	4,954	94,448	SH		SOLE		84,522	0	9,926
Vodafone Group Plc Sponsored A	COM	92857W308	215	7,740	SH		SOLE		7,740	0	0
Walmart Inc.	COM	931142103	69,910	785,774	SH		SOLE		686,833	0	98,941
Wells Fargo & Company	COM	949746101	58,614	1,118,373	SH		SOLE		935,876	0	182,497
WesBanco, Inc.	COM	950810101	31,030	733,571	SH		SOLE		599,564	0	134,007
Weyerhaeuser Company	COM	962166104	47,878	1,367,941	SH		SOLE		1,133,332	0	234,609
White Mountains Insurance Grou	COM	G9618E107	72,484	88,124	SH		SOLE		83,345	0	4,779
World Fuel Services Corporatio	COM	981475106	10,643	433,530	SH		SOLE		406,700	0	26,830