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
Estimated average burden
hours per response:		23.8

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
ABB Ltd. Sponsored ADR	COM	000375204	235	9,950	SH		SOLE		9,950	0	0
ACI Worldwide, Inc.	COM	004498101	21,645	769,179	SH		SOLE		731,049	0	38,130
Advance Auto Parts, Inc.	COM	00751Y106	11,308	67,175	SH		SOLE		67,175	0	0
Air Transport Services Group,	COM	00922R105	23,192	1,080,213	SH		SOLE		1,023,421	0	56,792
Aircastle Limited	COM	G0129K104	39,717	1,812,739	SH		SOLE		1,503,765	0	308,974
Alaska Air Group, Inc.	COM	011659109	1,502	21,807	SH		SOLE		21,807	0	0
Alexander & Baldwin, Inc.	COM	014491104	488	21,493	SH		SOLE		21,493	0	0
Allergan plc	COM	G0177J108	18,127	95,165	SH		SOLE		89,407	0	5,758
Alphabet Inc. Class C	COM	02079K107	1,633	1,368	SH		SOLE		1,368	0	0
AMC Networks Inc. Class A	COM	00164V103	15,964	240,644	SH		SOLE		226,238	0	14,406
American National Insurance Co	COM	028591105	9,332	72,180	SH		SOLE		65,460	0	6,720
AmeriGas Partners, L.P.	COM	030975106	25,932	656,335	SH		SOLE		542,448	0	113,887
Amgen Inc.	COM	031162100	58,538	282,396	SH		SOLE		243,641	0	38,755
Argan, Inc.	COM	04010E109	15,238	354,378	SH		SOLE		335,878	0	18,500
Armstrong Flooring, Inc.	COM	04238R106	15,946	881,000	SH		SOLE		834,403	0	46,597
Armstrong World Industries, In	COM	04247X102	36,751	528,031	SH		SOLE		498,873	0	29,158
Asbury Automotive Group, Inc.	COM	043436104	22,397	325,779	SH		SOLE		308,053	0	17,726
ATN International, Inc.	COM	00215F107	17,349	234,823	SH		SOLE		223,122	0	11,701
Avaya Holdings Corp.	COM	05351X101	56,858	2,568,133	SH		SOLE		2,429,110	0	139,023
Axis Capital Holdings Limited	COM	G0692U109	62,549	1,083,854	SH		SOLE		988,033	0	95,821
Barrett Business Services, Inc	COM	068463108	6,765	101,308	SH		SOLE		91,725	0	9,583
BB&T Corporation	COM	054937107	82,052	1,690,401	SH		SOLE		1,452,131	0	238,270
Berkshire Hathaway Inc. Class	COM	084670702	36,537	170,648	SH		SOLE		160,799	0	9,849
Biglari Holdings Inc. Class B	COM	08986R309	8,419	46,425	SH		SOLE		43,751	0	2,674
Biglari Holdings, Inc. Class A	COM	08986R408	5,639	6,116	SH		SOLE		5,778	0	338
Black Hills Corporation	COM	092113109	31,127	535,838	SH		SOLE		461,399	0	74,439
Blackstone Group L.P.	COM	09253U108	1,305	34,283	SH		SOLE		34,283	0	0
BP p.l.c. Sponsored ADR	COM	055622104	221	4,804	SH		SOLE		4,804	0	0
Brookfield Asset Management In	COM	112585104	24,997	561,361	SH		SOLE		527,991	0	33,370
Brookfield Property Partners L	COM	G16249107	1,005	48,103	SH		SOLE		48,103	0	0
Canadian Pacific Railway Limit	COM	13645T100	294	1,389	SH		SOLE		1,389	0	0
Cannae Holdings, Inc.	COM	13765N107	58,502	2,792,467	SH		SOLE		2,644,190	0	148,277
Capital Southwest Corporation	COM	140501107	15,947	840,207	SH		SOLE		788,705	0	51,502
Cars.com, Inc.	COM	14575E105	45,660	1,653,747	SH		SOLE		1,562,492	0	91,255
Casey's General Stores, Inc.	COM	147528103	28,316	219,315	SH		SOLE		208,495	0	10,820
Cedar Fair, L.P.	COM	150185106	23,452	450,311	SH		SOLE		377,422	0	72,889
Check Point Software Technolog	COM	M22465104	225	1,914	SH		SOLE		1,914	0	0
Chevron Corporation	COM	166764100	35,716	292,081	SH		SOLE		249,542	0	42,539
Cinemark Holdings, Inc.	COM	17243V102	58,281	1,449,766	SH		SOLE		1,251,311	0	198,455
Cisco Systems, Inc.	COM	17275R102	66,166	1,360,050	SH		SOLE		1,151,474	0	208,576
CNA Financial Corporation	COM	126117100	31,607	692,376	SH		SOLE		581,662	0	110,714
Comcast Corporation Class A	COM	20030N101	85,743	2,421,437	SH		SOLE		2,144,079	0	277,358
Compass Minerals International	COM	20451N101	13,110	195,091	SH		SOLE		184,501	0	10,590
Computer Programs and Systems,	COM	205306103	14,212	529,305	SH		SOLE		500,482	0	28,823
Conduent, Inc.	COM	206787103	33,143	1,471,708	SH		SOLE		1,405,336	0	66,372
Corning Inc	COM	219350105	87,676	2,483,753	SH		SOLE		2,109,206	0	374,547
CSG Systems International, Inc	COM	126349109	51,346	1,279,165	SH		SOLE		1,172,848	0	106,317
Cubic Corporation	COM	229669106	17,516	239,785	SH		SOLE		225,710	0	14,075
Diageo plc Sponsored ADR	COM	25243Q205	359	2,536	SH		SOLE		2,536	0	0
Discovery, Inc. Class C	COM	25470F302	43,882	1,483,513	SH		SOLE		1,448,822	0	34,691
Dolby Laboratories, Inc. Class	COM	25659T107	6,568	93,862	SH		SOLE		93,862	0	0
DowDuPont Inc.	COM	26078J100	747	11,623	SH		SOLE		11,623	0	0
Emerson Electric Co.	COM	291011104	49,575	647,365	SH		SOLE		558,351	0	89,014
Entercom Communications Corp.	COM	293639100	10,411	1,317,794	SH		SOLE		1,257,344	0	60,450
Evolution Petroleum Corporatio	COM	30049A107	5,463	494,355	SH		SOLE		450,958	0	43,397
Expedia Group, Inc.	COM	30212P303	10,871	83,313	SH		SOLE		78,548	0	4,765
Extended Stay America, Inc.	COM	30224P200	70,098	3,465,042	SH		SOLE		3,043,860	0	421,182
Exxon Mobil Corporation	COM	30231G102	54,444	640,371	SH		SOLE		543,083	0	97,288
Fastenal Company	COM	311900104	95,632	1,648,257	SH		SOLE		1,422,455	0	225,802
FGL Holdings Class A	COM	G3402M102	28,620	3,197,808	SH		SOLE		3,031,195	0	166,613
First Citizens BancShares, Inc	COM	31946M103	6,502	14,377	SH		SOLE		13,154	0	1,223
Forward Air Corporation	COM	349853101	24,709	344,618	SH		SOLE		326,065	0	18,553
GCI Liberty, Inc. Class A	COM	36164V305	53,949	1,057,825	SH		SOLE		1,030,043	0	27,782
General Motors Company	COM	37045V100	13,527	401,752	SH		SOLE		378,829	0	22,923
Genworth Financial, Inc. Class	COM	37247D106	14,293	3,427,599	SH		SOLE		3,252,869	0	174,730
GEO Group Inc	COM	36162J106	39,650	1,575,911	SH		SOLE		1,356,447	0	219,464
Gran Tierra Energy Inc.	COM	38500T101	5,393	1,411,823	SH		SOLE		1,278,023	0	133,800
Hostess Brands, Inc. Class A	COM	44109J106	65,162	5,886,401	SH		SOLE		5,581,409	0	304,992
Ingersoll-Rand Plc	COM	G47791101	347	3,396	SH		SOLE		3,396	0	0
Ingles Markets, Incorporated C	COM	457030104	30,407	887,792	SH		SOLE		841,958	0	45,834
Intel Corporation	COM	458140100	27,375	578,883	SH		SOLE		486,403	0	92,480
Interpublic Group of Companies	COM	460690100	48,278	2,110,992	SH		SOLE		1,872,025	0	238,967
Iron Mountain, Inc.	COM	46284V101	85,820	2,486,108	SH		SOLE		2,183,246	0	302,862
Ituran Location & Control Ltd.	COM	M6158M104	13,781	400,625	SH		SOLE		363,454	0	37,171
J. Alexander's Holdings, Inc.	COM	46609J106	11,239	944,465	SH		SOLE		874,482	0	69,983
Jefferies Financial Group Inc.	COM	47233W109	8,324	379,032	SH		SOLE		379,032	0	0
Johnson Controls International	COM	G51502105	36,568	1,044,790	SH		SOLE		901,484	0	143,306
Kansas City Southern	COM	485170302	7,426	65,555	SH		SOLE		65,555	0	0
KAR Auction Services, Inc.	COM	48238T109	57,234	958,858	SH		SOLE		825,335	0	133,523
Kelly Services, Inc. Class A	COM	488152208	5,773	240,258	SH		SOLE		217,998	0	22,260
Kimberly-Clark Corporation	COM	494368103	63,176	555,927	SH		SOLE		479,826	0	76,101
Kinder Morgan Inc Class P	COM	49456B101	15,418	869,605	SH		SOLE		748,940	0	120,665
Kraft Heinz Company	COM	500754106	55,694	1,010,593	SH		SOLE		896,084	0	114,509
Liberty Broadband Corp. Class	COM	530307305	37,917	449,789	SH		SOLE		437,689	0	12,100
Liberty Expedia Holdings Inc C	COM	53046P109	49,047	1,042,674	SH		SOLE		990,083	0	52,591
Liberty Global Plc Class C	COM	G5480U120	1,018	36,155	SH		SOLE		36,155	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	7,165	343,829	SH		SOLE		343,829	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	52,605	2,549,936	SH		SOLE		2,392,545	0	157,391
Liberty Media Corp. Series C L	COM	531229607	15,632	359,769	SH		SOLE		339,851	0	19,918
LyondellBasell Industries NV	COM	N53745100	26,319	256,741	SH		SOLE		223,260	0	33,481
Magellan Midstream Partners, L	COM	559080106	35,081	518,036	SH		SOLE		433,186	0	84,850
Marathon Petroleum Corporation	COM	56585A102	97,009	1,213,063	SH		SOLE		1,044,338	0	168,725
McKesson Corporation	COM	58155Q103	19,001	143,241	SH		SOLE		135,431	0	7,810
Melco Resorts and Entertainmen	COM	585464100	219	10,372	SH		SOLE		10,372	0	0
Meredith Corporation	COM	589433101	27,399	536,702	SH		SOLE		463,208	0	73,494
MetLife, Inc.	COM	59156R108	20,721	443,505	SH		SOLE		381,739	0	61,766
Motorcar Parts of America, Inc	COM	620071100	21,768	928,266	SH		SOLE		881,458	0	46,808
Motorola Solutions, Inc.	COM	620076307	17,183	132,034	SH		SOLE		106,509	0	25,525
Murphy USA, Inc.	COM	626755102	36,337	425,192	SH		SOLE		402,342	0	22,850
National Fuel Gas Company	COM	636180101	43,523	776,362	SH		SOLE		677,785	0	98,577
NCR Corporation	COM	62886E108	23,808	838,000	SH		SOLE		795,875	0	42,125
Newmark Group, Inc. Class A	COM	65158N102	8,504	760,003	SH		SOLE		719,535	0	40,468
Nielsen Holdings Plc	COM	G6518L108	55,294	1,999,046	SH		SOLE		1,831,322	0	167,724
Novartis AG Sponsored ADR	COM	66987V109	232	2,690	SH		SOLE		2,690	0	0
Nutrien Ltd.	COM	67077M108	311	5,390	SH		SOLE		5,390	0	0
Oaktree Capital Group, LLC Cla	COM	674001201	13,036	314,886	SH		SOLE		314,886	0	0
Oaktree Specialty Lending Corp	COM	67401P108	34,570	6,969,793	SH		SOLE		6,717,403	0	252,390
Occidental Petroleum Corporati	COM	674599105	45,721	556,425	SH		SOLE		479,715	0	76,710
Omnicom Group Inc	COM	681919106	49,052	721,138	SH		SOLE		622,187	0	98,951
Open Text Corporation	COM	683715106	267	7,021	SH		SOLE		7,021	0	0
ORIX Corporation Sponsored ADR	COM	686330101	245	3,024	SH		SOLE		3,024	0	0
OSI Systems, Inc.	COM	671044105	8,238	107,953	SH		SOLE		97,443	0	10,510
Patterson Companies, Inc.	COM	703395103	23,256	951,183	SH		SOLE		904,063	0	47,120
PBF Energy, Inc. Class A	COM	69318G106	22,872	458,267	SH		SOLE		430,577	0	27,690
PepsiCo, Inc.	COM	713448108	49,416	442,007	SH		SOLE		379,213	0	62,794
PICO Holdings, Inc.	COM	693366205	14,908	1,187,856	SH		SOLE		1,116,064	0	71,792
PNC Financial Services Group,	COM	693475105	33,014	242,411	SH		SOLE		209,343	0	33,068
Polaris Industries Inc.	COM	731068102	21,552	213,493	SH		SOLE		186,303	0	27,190
Praxair, Inc.	COM	74005P104	79,115	492,225	SH		SOLE		424,549	0	67,676
Premier Inc. Class A	COM	74051N102	82,193	1,795,385	SH		SOLE		1,693,640	0	101,745
Prudential plc Sponsored ADR	COM	74435K204	238	5,180	SH		SOLE		5,180	0	0
QEP Resources, Inc.	COM	74733V100	3,205	283,140	SH		SOLE		256,410	0	26,730
QUALCOMM Incorporated	COM	747525103	65,790	913,371	SH		SOLE		775,846	0	137,525
RELX PLC Sponsored ADR	COM	759530108	224	10,707	SH		SOLE		10,707	0	0
Resources Connection, Inc.	COM	76122Q105	14,971	901,884	SH		SOLE		842,127	0	59,757
Rio Tinto plc Sponsored ADR	COM	767204100	203	3,976	SH		SOLE		3,976	0	0
Royal Dutch Shell Plc Sponsore	COM	780259107	253	3,560	SH		SOLE		3,560	0	0
RPM International Inc.	COM	749685103	47,106	725,373	SH		SOLE		633,794	0	91,579
Ryman Hospitality Properties,	COM	78377T107	46,452	539,077	SH		SOLE		464,449	0	74,628
Sabra Health Care REIT, Inc.	COM	78573L106	44,910	1,942,479	SH		SOLE		1,673,061	0	269,418
Sabre Corp.	COM	78573M104	44,512	1,706,755	SH		SOLE		1,651,286	0	55,469
SAP SE Sponsored ADR	COM	803054204	282	2,290	SH		SOLE		2,290	0	0
Shire PLC Sponsored ADR	COM	82481R106	263	1,452	SH		SOLE		1,452	0	0
Sleep Number Corporation	COM	83125X103	27,089	736,503	SH		SOLE		698,330	0	38,173
SP Plus Corporation	COM	78469C103	6,442	176,501	SH		SOLE		159,149	0	17,352
Spectra Energy Partners, LP	COM	84756N109	26,924	753,957	SH		SOLE		649,277	0	104,680
Starbucks Corporation	COM	855244109	60,605	1,066,239	SH		SOLE		945,458	0	120,781
Sumitomo Mitsui Financial Grou	COM	86562M209	233	29,078	SH		SOLE		29,078	0	0
Sykes Enterprises, Incorporate	COM	871237103	20,532	673,392	SH		SOLE		636,091	0	37,301
Target Corporation	COM	87612E106	87,126	987,713	SH		SOLE		850,935	0	136,778
Tech Data Corporation	COM	878237106	32,431	453,140	SH		SOLE		428,583	0	24,557
Thomson Reuters Corporation	COM	884903105	42,160	922,934	SH		SOLE		795,246	0	127,688
TransMontaigne Partners L.P.	COM	89376V100	14,610	379,482	SH		SOLE		312,247	0	67,235
TTEC Holdings, Inc.	COM	89854H102	2,330	89,978	SH		SOLE		81,294	0	8,684
U.S. Bancorp	COM	902973304	102,884	1,948,192	SH		SOLE		1,700,367	0	247,825
UBS Group AG	COM	H42097107	206	13,114	SH		SOLE		13,114	0	0
UniFirst Corporation	COM	904708104	45,734	263,367	SH		SOLE		248,534	0	14,833
Unilever PLC Sponsored ADR	COM	904767704	48,393	880,358	SH		SOLE		759,468	0	120,890
Union Pacific Corporation	COM	907818108	46,149	283,418	SH		SOLE		244,015	0	39,403
United Parcel Service, Inc. Cl	COM	911312106	53,553	458,702	SH		SOLE		395,680	0	63,022
Valero Energy Corporation	COM	91913Y100	23,278	204,643	SH		SOLE		178,231	0	26,412
Ventas, Inc.	COM	92276F100	45,833	842,835	SH		SOLE		727,649	0	115,186
Verizon Communications Inc.	COM	92343V104	56,429	1,056,922	SH		SOLE		902,521	0	154,401
Viad Corp	COM	92552R406	5,978	100,895	SH		SOLE		90,969	0	9,926
WageWorks, Inc.	COM	930427109	4,099	95,893	SH		SOLE		91,012	0	4,881
Walgreens Boots Alliance Inc	COM	931427108	42,496	582,933	SH		SOLE		503,898	0	79,035
Walmart Inc.	COM	931142103	65,578	698,309	SH		SOLE		595,895	0	102,414
Wells Fargo & Company	COM	949746101	56,407	1,073,197	SH		SOLE		947,854	0	125,343
WesBanco, Inc.	COM	950810101	29,242	655,936	SH		SOLE		528,905	0	127,031
Weyerhaeuser Company	COM	962166104	36,632	1,135,162	SH		SOLE		987,727	0	147,435
White Mountains Insurance Grou	COM	G9618E107	71,730	76,645	SH		SOLE		72,725	0	3,920
World Fuel Services Corporatio	COM	981475106	28,912	1,044,500	SH		SOLE		980,749	0	63,751
Yum China Holdings, Inc.	COM	98850P109	1,226	34,921	SH		SOLE		34,921	0	0