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
ACI Worldwide, Inc.	COM	004498101	18,913	766,649	SH		SOLE		728,519	0	38,130
Advance Auto Parts, Inc.	COM	00751Y106	23,874	175,930	SH		SOLE		170,893	0	5,037
Air Transport Services Group,	COM	00922R105	16,330	722,872	SH		SOLE		677,268	0	45,604
Aircastle Limited	COM	G0129K104	34,470	1,681,464	SH		SOLE		1,406,945	0	274,519
Alaska Air Group, Inc.	COM	011659109	1,309	21,681	SH		SOLE		21,681	0	0
Alexander & Baldwin, Inc.	COM	014491104	778	33,105	SH		SOLE		33,105	0	0
Allergan plc	COM	G0177J108	13,678	82,039	SH		SOLE		76,937	0	5,102
Alphabet Inc. Class C	COM	02079K107	1,522	1,364	SH		SOLE		1,364	0	0
AMC Networks Inc. Class A	COM	00164V103	15,050	241,964	SH		SOLE		227,558	0	14,406
American National Insurance Co	COM	028591105	8,620	72,080	SH		SOLE		65,360	0	6,720
AmeriGas Partners, L.P.	COM	030975106	30,511	722,664	SH		SOLE		596,557	0	126,107
Amgen Inc.	COM	031162100	57,321	310,534	SH		SOLE		265,188	0	45,346
Anheuser-Busch InBev SA/NV Spo	COM	03524A108	206	2,044	SH		SOLE		2,044	0	0
Argan, Inc.	COM	04010E109	14,284	348,818	SH		SOLE		330,318	0	18,500
Armstrong Flooring, Inc.	COM	04238R106	15,974	1,137,758	SH		SOLE		1,074,738	0	63,020
Armstrong World Industries, In	COM	04247X102	33,458	529,401	SH		SOLE		500,243	0	29,158
Asbury Automotive Group, Inc.	COM	043436104	29,949	436,900	SH		SOLE		410,144	0	26,756
ATN International, Inc.	COM	00215F107	18,539	351,323	SH		SOLE		332,672	0	18,651
Avaya Holdings Corp.	COM	05351X101	46,929	2,337,113	SH		SOLE		2,203,068	0	134,045
Axis Capital Holdings Limited	COM	G0692U109	58,856	1,058,181	SH		SOLE		953,786	0	104,395
Barrett Business Services, Inc	COM	068463108	7,288	75,472	SH		SOLE		67,572	0	7,900
BB&T Corporation	COM	054937107	92,861	1,841,025	SH		SOLE		1,570,932	0	270,093
Berkshire Hathaway Inc. Class	COM	084670702	26,786	143,508	SH		SOLE		134,370	0	9,138
Biglari Holdings Inc. Class B	COM	08986R309	11,181	60,935	SH		SOLE		57,540	0	3,395
Biglari Holdings, Inc. Class A	COM	08986R408	5,810	6,116	SH		SOLE		5,778	0	338
Black Hills Corporation	COM	092113109	36,143	590,471	SH		SOLE		503,277	0	87,194
Blackstone Group L.P.	COM	09253U108	1,103	34,283	SH		SOLE		34,283	0	0
BP p.l.c. Sponsored ADR	COM	055622104	230	5,038	SH		SOLE		5,038	0	0
Brookfield Asset Management In	COM	112585104	16,023	395,245	SH		SOLE		371,605	0	23,640
Canadian Pacific Railway Limit	COM	13645T100	210	1,148	SH		SOLE		1,148	0	0
Cannae Holdings, Inc.	COM	13765N107	51,169	2,758,419	SH		SOLE		2,610,142	0	148,277
Capital Southwest Corporation	COM	140501107	15,211	839,927	SH		SOLE		788,425	0	51,502
Cars.com, Inc.	COM	14575E105	48,031	1,691,840	SH		SOLE		1,597,135	0	94,705
Casey's General Stores, Inc.	COM	147528103	24,479	232,958	SH		SOLE		222,138	0	10,820
Cedar Fair, L.P.	COM	150185106	30,779	488,482	SH		SOLE		411,352	0	77,130
Chevron Corporation	COM	166764100	40,252	318,370	SH		SOLE		271,962	0	46,408
Chubb Limited	COM	H1467J104	233	1,838	SH		SOLE		1,838	0	0
Cinemark Holdings, Inc.	COM	17243V102	55,906	1,593,663	SH		SOLE		1,361,694	0	231,969
Cisco Systems, Inc.	COM	17275R102	64,136	1,490,490	SH		SOLE		1,256,108	0	234,382
CNA Financial Corporation	COM	126117100	24,576	537,995	SH		SOLE		458,712	0	79,283
Comcast Corporation Class A	COM	20030N101	66,277	2,020,019	SH		SOLE		1,779,128	0	240,891
Compass Minerals International	COM	20451N101	12,571	191,191	SH		SOLE		180,601	0	10,590
Computer Programs and Systems,	COM	205306103	17,275	525,072	SH		SOLE		497,816	0	27,256
Conduent, Inc.	COM	206787103	30,733	1,691,433	SH		SOLE		1,625,061	0	66,372
Corning Inc	COM	219350105	74,577	2,710,887	SH		SOLE		2,287,590	0	423,297
Coty Inc. Class A	COM	222070203	22,337	1,584,154	SH		SOLE		1,347,976	0	236,178
CSG Systems International, Inc	COM	126349109	26,864	657,309	SH		SOLE		619,557	0	37,752
Cubic Corporation	COM	229669106	15,881	247,375	SH		SOLE		233,300	0	14,075
Diageo plc Sponsored ADR	COM	25243Q205	391	2,714	SH		SOLE		2,714	0	0
Discovery, Inc. Class C	COM	25470F302	35,885	1,407,245	SH		SOLE		1,376,391	0	30,854
Dolby Laboratories, Inc. Class	COM	25659T107	5,948	96,422	SH		SOLE		96,422	0	0
Emerson Electric Co.	COM	291011104	49,335	713,550	SH		SOLE		609,214	0	104,336
Entercom Communications Corp.	COM	293639100	9,819	1,300,587	SH		SOLE		1,240,137	0	60,450
ePlus inc.	COM	294268107	14,796	157,238	SH		SOLE		147,219	0	10,019
Evolution Petroleum Corporatio	COM	30049A107	4,868	494,245	SH		SOLE		450,848	0	43,397
Expedia Group, Inc.	COM	30212P303	18,121	150,768	SH		SOLE		141,539	0	9,229
Extended Stay America, Inc.	COM	30224P200	79,988	3,701,439	SH		SOLE		3,286,359	0	415,080
Exxon Mobil Corporation	COM	30231G102	57,338	693,071	SH		SOLE		591,809	0	101,262
Fastenal Company	COM	311900104	87,446	1,816,874	SH		SOLE		1,551,399	0	265,475
FGL Holdings Class A	COM	G3402M102	19,277	2,297,563	SH		SOLE		2,184,213	0	113,350
First Citizens BancShares, Inc	COM	31946M103	5,798	14,377	SH		SOLE		13,154	0	1,223
Forward Air Corporation	COM	349853101	24,135	408,520	SH		SOLE		385,052	0	23,468
GCI Liberty, Inc. Class A	COM	36164V305	44,391	984,711	SH		SOLE		960,021	0	24,690
General Electric Company	COM	369604103	10,619	780,266	SH		SOLE		728,407	0	51,859
General Motors Company	COM	37045V100	974	24,716	SH		SOLE		24,716	0	0
Genworth Financial, Inc. Class	COM	37247D106	15,497	3,443,799	SH		SOLE		3,269,069	0	174,730
GEO Group Inc	COM	36162J106	46,814	1,699,851	SH		SOLE		1,483,643	0	216,208
Gildan Activewear Inc.	COM	375916103	236	8,364	SH		SOLE		8,364	0	0
Gran Tierra Energy Inc.	COM	38500T101	4,943	1,432,833	SH		SOLE		1,299,033	0	133,800
Hostess Brands, Inc. Class A	COM	44109J106	74,297	5,463,041	SH		SOLE		5,165,939	0	297,102
Ingersoll-Rand Plc	COM	G47791101	327	3,644	SH		SOLE		3,644	0	0
Ingles Markets, Incorporated C	COM	457030104	28,129	884,552	SH		SOLE		838,718	0	45,834
Intel Corporation	COM	458140100	31,257	628,793	SH		SOLE		530,665	0	98,128
International Speedway Corpora	COM	460335201	6,671	149,236	SH		SOLE		139,011	0	10,225
Interpublic Group of Companies	COM	460690100	54,020	2,304,619	SH		SOLE		2,023,329	0	281,290
Iron Mountain, Inc.	COM	46284V101	93,314	2,665,354	SH		SOLE		2,310,806	0	354,548
Ituran Location & Control Ltd.	COM	M6158M104	10,744	354,017	SH		SOLE		323,073	0	30,944
J. Alexander's Holdings, Inc.	COM	46609J106	10,603	950,960	SH		SOLE		880,977	0	69,983
Jefferies Financial Group Inc.	COM	47233W109	6,114	268,882	SH		SOLE		268,882	0	0
Johnson Controls International	COM	G51502105	38,493	1,150,777	SH		SOLE		982,368	0	168,409
Kansas City Southern	COM	485170302	6,983	65,905	SH		SOLE		65,905	0	0
KAR Auction Services, Inc.	COM	48238T109	57,860	1,055,833	SH		SOLE		899,615	0	156,218
Kelly Services, Inc. Class A	COM	488152208	5,384	239,828	SH		SOLE		217,568	0	22,260
Kimberly-Clark Corporation	COM	494368103	64,558	612,849	SH		SOLE		523,515	0	89,334
Kraft Heinz Company	COM	500754106	65,180	1,037,573	SH		SOLE		907,677	0	129,896
Liberty Broadband Corp. Class	COM	530307305	31,778	419,676	SH		SOLE		408,919	0	10,757
Liberty Expedia Holdings Inc C	COM	53046P109	46,136	1,049,984	SH		SOLE		997,393	0	52,591
Liberty Global Plc Class C	COM	G5480U120	962	36,155	SH		SOLE		36,155	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	4,637	242,526	SH		SOLE		242,526	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	42,616	2,198,959	SH		SOLE		2,059,554	0	139,405
Liberty Media Corp. Series C L	COM	531229607	14,425	318,004	SH		SOLE		300,371	0	17,633
LyondellBasell Industries NV	COM	N53745100	31,126	283,351	SH		SOLE		243,621	0	39,730
Magellan Midstream Partners, L	COM	559080106	40,211	582,093	SH		SOLE		482,499	0	99,594
Marathon Petroleum Corporation	COM	56585A102	93,780	1,336,653	SH		SOLE		1,139,241	0	197,412
Marcus Corporation	COM	566330106	5,291	162,810	SH		SOLE		147,353	0	15,457
McKesson Corporation	COM	58155Q103	1,847	13,848	SH		SOLE		13,848	0	0
Melco Resorts and Entertainmen	COM	585464100	312	11,154	SH		SOLE		11,154	0	0
Meredith Corporation	COM	589433101	30,146	591,107	SH		SOLE		504,795	0	86,312
MetLife, Inc.	COM	59156R108	21,301	488,545	SH		SOLE		416,326	0	72,219
Microsoft Corporation	COM	594918104	16,710	169,458	SH		SOLE		141,585	0	27,873
Motorcar Parts of America, Inc	COM	620071100	17,349	927,266	SH		SOLE		880,458	0	46,808
Motorola Solutions, Inc.	COM	620076307	34,519	296,631	SH		SOLE		250,841	0	45,790
Murphy USA, Inc.	COM	626755102	31,881	429,142	SH		SOLE		406,292	0	22,850
National Fuel Gas Company	COM	636180101	54,357	1,026,380	SH		SOLE		876,322	0	150,058
NCR Corporation	COM	62886E108	24,713	824,330	SH		SOLE		782,205	0	42,125
Newmark Group, Inc. Class A	COM	65158N102	9,504	667,866	SH		SOLE		638,728	0	29,138
NICE Ltd Sponsored ADR	COM	653656108	247	2,381	SH		SOLE		2,381	0	0
Nielsen Holdings Plc	COM	G6518L108	45,501	1,471,110	SH		SOLE		1,280,710	0	190,400
Novartis AG Sponsored ADR	COM	66987V109	216	2,858	SH		SOLE		2,858	0	0
Nutrien Ltd.	COM	67077M108	311	5,728	SH		SOLE		5,728	0	0
Oaktree Capital Group, LLC Cla	COM	674001201	11,056	271,989	SH		SOLE		271,989	0	0
Oaktree Specialty Lending Corp	COM	67401P108	32,023	6,699,306	SH		SOLE		6,446,916	0	252,390
Occidental Petroleum Corporati	COM	674599105	51,184	611,664	SH		SOLE		522,620	0	89,044
Omnicom Group Inc	COM	681919106	60,597	794,506	SH		SOLE		678,298	0	116,208
Open Text Corporation	COM	683715106	263	7,479	SH		SOLE		7,479	0	0
ORIX Corporation Sponsored ADR	COM	686330101	254	3,209	SH		SOLE		3,209	0	0
OSI Systems, Inc.	COM	671044105	8,339	107,833	SH		SOLE		97,323	0	10,510
Patterson Companies, Inc.	COM	703395103	21,433	945,423	SH		SOLE		898,303	0	47,120
PBF Energy, Inc. Class A	COM	69318G106	19,249	459,067	SH		SOLE		431,377	0	27,690
PepsiCo, Inc.	COM	713448108	52,723	484,276	SH		SOLE		413,533	0	70,743
PICO Holdings, Inc.	COM	693366205	14,227	1,221,198	SH		SOLE		1,149,406	0	71,792
PNC Financial Services Group,	COM	693475105	36,112	267,297	SH		SOLE		228,418	0	38,879
Polaris Industries Inc.	COM	731068102	29,127	238,392	SH		SOLE		203,202	0	35,190
Praxair, Inc.	COM	74005P104	85,805	542,552	SH		SOLE		463,139	0	79,413
Premier Inc. Class A	COM	74051N102	78,616	2,160,966	SH		SOLE		2,043,787	0	117,179
Prudential plc Sponsored ADR	COM	74435K204	253	5,543	SH		SOLE		5,543	0	0
QEP Resources, Inc.	COM	74733V100	3,428	279,590	SH		SOLE		252,860	0	26,730
QUALCOMM Incorporated	COM	747525103	56,120	999,992	SH		SOLE		846,215	0	153,777
Realogy Holdings Corp.	COM	75605Y106	4,889	214,428	SH		SOLE		214,428	0	0
Resources Connection, Inc.	COM	76122Q105	15,425	912,733	SH		SOLE		852,976	0	59,757
Rio Tinto plc Sponsored ADR	COM	767204100	234	4,221	SH		SOLE		4,221	0	0
Royal Dutch Shell Plc Sponsore	COM	780259107	223	3,073	SH		SOLE		3,073	0	0
RPM International Inc.	COM	749685103	47,317	811,330	SH		SOLE		691,476	0	119,854
Ryman Hospitality Properties,	COM	78377T107	49,384	593,920	SH		SOLE		506,662	0	87,258
Sabra Health Care REIT, Inc.	COM	78573L106	46,462	2,138,167	SH		SOLE		1,823,384	0	314,783
Sabre Corp.	COM	78573M104	34,872	1,415,267	SH		SOLE		1,376,556	0	38,711
SAP SE Sponsored ADR	COM	803054204	282	2,441	SH		SOLE		2,441	0	0
Shire PLC Sponsored ADR	COM	82481R106	261	1,547	SH		SOLE		1,547	0	0
Sleep Number Corporation	COM	83125X103	21,739	749,107	SH		SOLE		710,934	0	38,173
SP Plus Corporation	COM	78469C103	6,564	176,441	SH		SOLE		159,089	0	17,352
Spectra Energy Partners, LP	COM	84756N109	30,077	849,146	SH		SOLE		722,439	0	126,707
Starbucks Corporation	COM	855244109	38,418	786,445	SH		SOLE		671,138	0	115,307
Sumitomo Mitsui Financial Grou	COM	86562M209	241	30,984	SH		SOLE		30,984	0	0
Sykes Enterprises, Incorporate	COM	871237103	15,639	543,399	SH		SOLE		514,943	0	28,456
Target Corporation	COM	87612E106	82,836	1,088,233	SH		SOLE		928,291	0	159,942
Thomson Reuters Corporation	COM	884903105	40,971	1,016,150	SH		SOLE		866,364	0	149,786
Tractor Supply Company	COM	892356106	512	6,689	SH		SOLE		6,689	0	0
TransMontaigne Partners L.P.	COM	89376V100	15,233	413,479	SH		SOLE		333,090	0	80,389
U.S. Bancorp	COM	902973304	101,811	2,035,410	SH		SOLE		1,753,648	0	281,762
UBS Group AG	COM	H42097107	214	13,944	SH		SOLE		13,944	0	0
UniFirst Corporation	COM	904708104	56,341	318,490	SH		SOLE		301,164	0	17,326
Unilever PLC Sponsored ADR	COM	904767704	53,533	968,404	SH		SOLE		827,236	0	141,168
Union Pacific Corporation	COM	907818108	58,640	413,891	SH		SOLE		353,086	0	60,805
United Parcel Service, Inc. Cl	COM	911312106	53,725	505,745	SH		SOLE		431,806	0	73,939
Valero Energy Corporation	COM	91913Y100	25,048	226,006	SH		SOLE		194,445	0	31,561
Ventas, Inc.	COM	92276F100	63,098	1,107,952	SH		SOLE		972,707	0	135,245
Verizon Communications Inc.	COM	92343V104	57,917	1,151,206	SH		SOLE		982,949	0	168,257
Viad Corp	COM	92552R406	5,468	100,785	SH		SOLE		90,859	0	9,926
Walgreens Boots Alliance Inc	COM	931427108	38,775	646,087	SH		SOLE		553,808	0	92,279
Walmart Inc.	COM	931142103	63,961	746,768	SH		SOLE		651,227	0	95,541
Wells Fargo & Company	COM	949746101	61,926	1,116,997	SH		SOLE		974,186	0	142,811
WesBanco, Inc.	COM	950810101	31,123	691,002	SH		SOLE		561,670	0	129,332
Weyerhaeuser Company	COM	962166104	45,579	1,250,121	SH		SOLE		1,075,549	0	174,572
White Mountains Insurance Grou	COM	G9618E107	77,855	85,875	SH		SOLE		81,301	0	4,574
World Fuel Services Corporatio	COM	981475106	18,513	907,052	SH		SOLE		847,929	0	59,123