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	20,450	739,081	SH		SOLE		700,951	0	38,130
Advance Auto Parts, Inc.	COM	00751Y106	4,072	25,861	SH		SOLE		25,861	0	0
Air Transport Services Group,	COM	00922R105	52,585	2,305,364	SH		SOLE		2,188,199	0	117,165
Aircastle Limited	COM	G0129K104	28,046	1,626,800	SH		SOLE		1,353,560	0	273,240
Alexander & Baldwin, Inc.	COM	014491104	413	22,455	SH		SOLE		22,455	0	0
Allergan plc	COM	G0177J108	14,807	110,781	SH		SOLE		105,387	0	5,394
Alphabet Inc. Class C	COM	02079K107	1,073	1,036	SH		SOLE		1,036	0	0
Ambev SA Sponsored ADR	COM	02319V103	519	132,462	SH		SOLE		132,462	0	0
AMC Networks Inc. Class A	COM	00164V103	5,196	94,683	SH		SOLE		84,677	0	10,006
American National Insurance Co	COM	028591105	8,982	70,590	SH		SOLE		63,870	0	6,720
AmeriGas Partners, L.P.	COM	030975106	14,752	583,077	SH		SOLE		481,635	0	101,442
Amgen Inc.	COM	031162100	50,982	261,888	SH		SOLE		227,391	0	34,497
Anheuser-Busch InBev SA/NV Spo	COM	03524A108	628	9,549	SH		SOLE		9,549	0	0
Argan, Inc.	COM	04010E109	16,374	432,729	SH		SOLE		408,858	0	23,871
Armstrong Flooring, Inc.	COM	04238R106	10,269	867,322	SH		SOLE		820,725	0	46,597
Armstrong World Industries, In	COM	04247X102	30,579	525,317	SH		SOLE		496,159	0	29,158
Asbury Automotive Group, Inc.	COM	043436104	16,178	242,691	SH		SOLE		224,965	0	17,726
Avaya Holdings Corp.	COM	05351X101	36,884	2,533,211	SH		SOLE		2,404,813	0	128,398
Axalta Coating Systems Ltd.	COM	G0750C108	411	17,547	SH		SOLE		17,547	0	0
Axis Capital Holdings Limited	COM	G0692U109	57,991	1,122,994	SH		SOLE		1,036,716	0	86,278
Barrett Business Services, Inc	COM	068463108	5,834	101,898	SH		SOLE		92,315	0	9,583
BB&T Corporation	COM	054937107	67,570	1,559,781	SH		SOLE		1,350,057	0	209,724
Berkshire Hathaway Inc. Class	COM	084670702	42,533	208,309	SH		SOLE		198,284	0	10,025
Biglari Holdings Inc. Class B	COM	08986R309	3,823	33,663	SH		SOLE		31,335	0	2,328
Biglari Holdings, Inc. Class A	COM	08986R408	3,585	6,101	SH		SOLE		5,763	0	338
Black Hills Corporation	COM	092113109	18,438	293,688	SH		SOLE		254,212	0	39,476
BlackRock, Inc.	COM	09247X101	559	1,423	SH		SOLE		1,423	0	0
Blackstone Group L.P.	COM	09253U108	521	17,475	SH		SOLE		17,475	0	0
BrightView Holdings, Inc.	COM	10948C107	263	25,730	SH		SOLE		25,730	0	0
Brookfield Asset Management In	COM	112585104	24,586	641,102	SH		SOLE		610,872	0	30,230
Brookfield Property Partners L	COM	G16249107	536	33,229	SH		SOLE		33,229	0	0
Cannae Holdings, Inc.	COM	13765N107	46,540	2,718,431	SH		SOLE		2,570,154	0	148,277
Capital Southwest Corporation	COM	140501107	14,828	771,487	SH		SOLE		719,985	0	51,502
Carlisle Companies Incorporate	COM	142339100	673	6,697	SH		SOLE		6,697	0	0
Cars.com, Inc.	COM	14575E105	10,925	508,121	SH		SOLE		475,161	0	32,960
Casey's General Stores, Inc.	COM	147528103	6,875	53,649	SH		SOLE		48,196	0	5,453
CDK Global Inc	COM	12508E101	32,959	688,363	SH		SOLE		667,786	0	20,577
Cedar Fair, L.P.	COM	150185106	19,435	410,883	SH		SOLE		337,829	0	73,054
Chevron Corporation	COM	166764100	29,401	270,257	SH		SOLE		231,996	0	38,261
Cinemark Holdings, Inc.	COM	17243V102	47,818	1,335,687	SH		SOLE		1,159,265	0	176,422
Cisco Systems, Inc.	COM	17275R102	53,639	1,237,918	SH		SOLE		1,069,868	0	168,050
Citizens Financial Group, Inc.	COM	174610105	388	13,048	SH		SOLE		13,048	0	0
CNA Financial Corporation	COM	126117100	28,112	636,732	SH		SOLE		537,206	0	99,526
Colfax Corporation	COM	194014106	12,836	614,146	SH		SOLE		581,851	0	32,295
Comcast Corporation Class A	COM	20030N101	80,797	2,372,906	SH		SOLE		2,122,402	0	250,504
Computer Programs and Systems,	COM	205306103	16,921	674,162	SH		SOLE		637,085	0	37,077
Conduent, Inc.	COM	206787103	31,113	2,926,871	SH		SOLE		2,783,377	0	143,494
Corning Inc	COM	219350105	68,202	2,257,612	SH		SOLE		1,955,144	0	302,468
CSG Systems International, Inc	COM	126349109	38,999	1,227,531	SH		SOLE		1,128,548	0	98,983
Cubic Corporation	COM	229669106	19,903	370,350	SH		SOLE		348,598	0	21,752
Diageo plc Sponsored ADR	COM	25243Q205	257	1,810	SH		SOLE		1,810	0	0
Discovery, Inc. Class C	COM	25470F302	32,408	1,404,151	SH		SOLE		1,372,353	0	31,798
Dolby Laboratories, Inc. Class	COM	25659T107	2,823	45,653	SH		SOLE		45,653	0	0
Dollar Tree, Inc.	COM	256746108	897	9,929	SH		SOLE		9,929	0	0
DowDuPont Inc.	COM	26078J100	419	7,842	SH		SOLE		7,842	0	0
Emerald Expositions Events, In	COM	29103B100	3,846	311,660	SH		SOLE		281,997	0	29,663
Emerson Electric Co.	COM	291011104	29,182	488,395	SH		SOLE		422,751	0	65,644
Entercom Communications Corp.	COM	293639100	7,248	1,269,300	SH		SOLE		1,208,850	0	60,450
Enterprise Products Partners L	COM	293792107	25,941	1,054,952	SH		SOLE		896,134	0	158,818
ePlus inc.	COM	294268107	1,545	21,702	SH		SOLE		20,555	0	1,147
Equifax Inc.	COM	294429105	317	3,404	SH		SOLE		3,404	0	0
Evolution Petroleum Corporatio	COM	30049A107	4,056	594,752	SH		SOLE		540,235	0	54,517
Expedia Group, Inc.	COM	30212P303	13,616	120,870	SH		SOLE		115,223	0	5,647
Extended Stay America, Inc.	COM	30224P200	67,544	4,357,702	SH		SOLE		3,886,265	0	471,437
Exxon Mobil Corporation	COM	30231G102	40,229	589,958	SH		SOLE		502,125	0	87,833
Fastenal Company	COM	311900104	79,587	1,522,028	SH		SOLE		1,320,779	0	201,249
FGL Holdings Class A	COM	G3402M102	28,818	4,327,049	SH		SOLE		4,115,690	0	211,359
First Citizens BancShares, Inc	COM	31946M103	5,244	13,907	SH		SOLE		12,684	0	1,223
Forward Air Corporation	COM	349853101	16,562	301,949	SH		SOLE		283,396	0	18,553
GCI Liberty, Inc. Class A	COM	36164V305	45,511	1,105,715	SH		SOLE		1,079,481	0	26,234
General Electric Company	COM	369604103	139	18,317	SH		SOLE		18,317	0	0
Genworth Financial, Inc. Class	COM	37247D106	13,780	2,957,130	SH		SOLE		2,782,400	0	174,730
GEO Group Inc	COM	36162J106	28,270	1,435,003	SH		SOLE		1,239,785	0	195,218
Gran Tierra Energy Inc.	COM	38500T101	3,005	1,384,563	SH		SOLE		1,250,763	0	133,800
Hain Celestial Group, Inc.	COM	405217100	2,392	150,816	SH		SOLE		142,854	0	7,962
Hostess Brands, Inc. Class A	COM	44109J106	66,528	6,081,153	SH		SOLE		5,782,308	0	298,845
Illinois Tool Works Inc.	COM	452308109	39,014	307,945	SH		SOLE		266,397	0	41,548
Ingersoll-Rand Plc	COM	G47791101	220	2,409	SH		SOLE		2,409	0	0
Ingles Markets, Incorporated C	COM	457030104	23,502	863,425	SH		SOLE		817,591	0	45,834
Intel Corporation	COM	458140100	24,787	528,172	SH		SOLE		451,774	0	76,398
Interpublic Group of Companies	COM	460690100	38,916	1,886,376	SH		SOLE		1,659,590	0	226,786
Iron Mountain, Inc.	COM	46284V101	65,656	2,025,802	SH		SOLE		1,756,321	0	269,481
Ituran Location & Control Ltd.	COM	M6158M104	12,905	402,535	SH		SOLE		365,364	0	37,171
J. Alexander's Holdings, Inc.	COM	46609J106	7,650	929,551	SH		SOLE		859,568	0	69,983
Jefferies Financial Group Inc.	COM	47233W109	6,103	351,545	SH		SOLE		351,545	0	0
Johnson Controls International	COM	G51502105	16,916	570,507	SH		SOLE		493,135	0	77,372
Kansas City Southern	COM	485170302	9,949	104,231	SH		SOLE		104,231	0	0
KAR Auction Services, Inc.	COM	48238T109	42,273	885,864	SH		SOLE		767,212	0	118,652
Kelly Services, Inc. Class A	COM	488152208	4,626	225,898	SH		SOLE		203,638	0	22,260
Kimberly-Clark Corporation	COM	494368103	58,747	515,595	SH		SOLE		447,646	0	67,949
Kinder Morgan Inc Class P	COM	49456B101	60,733	3,948,811	SH		SOLE		3,519,163	0	429,648
Kraft Heinz Company	COM	500754106	34,234	795,393	SH		SOLE		714,553	0	80,840
Lazard Ltd Class A	COM	G54050102	37,150	1,006,509	SH		SOLE		883,439	0	123,070
Liberty Broadband Corp. Class	COM	530307305	34,419	477,845	SH		SOLE		466,250	0	11,595
Liberty Expedia Holdings Inc C	COM	53046P109	39,235	1,003,192	SH		SOLE		950,601	0	52,591
Liberty Global Plc Class C	COM	G5480U120	555	26,908	SH		SOLE		26,908	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	4,919	339,721	SH		SOLE		339,721	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	38,322	2,630,193	SH		SOLE		2,476,120	0	154,073
Liberty Media Corp. Series C L	COM	531229607	14,455	390,898	SH		SOLE		372,262	0	18,636
Linde PLC	COM	G5494J103	39,126	250,741	SH		SOLE		216,859	0	33,882
LKQ Corporation	COM	501889208	36,727	1,547,687	SH		SOLE		1,507,490	0	40,197
LyondellBasell Industries NV	COM	N53745100	32,554	391,467	SH		SOLE		341,820	0	49,647
Magellan Midstream Partners, L	COM	559080106	34,454	603,825	SH		SOLE		514,926	0	88,899
Marathon Petroleum Corporation	COM	56585A102	66,013	1,118,676	SH		SOLE		969,383	0	149,293
McKesson Corporation	COM	58155Q103	17,674	159,989	SH		SOLE		152,179	0	7,810
Meredith Corporation	COM	589433101	25,824	497,191	SH		SOLE		431,767	0	65,424
MetLife, Inc.	COM	59156R108	16,805	409,283	SH		SOLE		354,650	0	54,633
Mohawk Industries, Inc.	COM	608190104	374	3,200	SH		SOLE		3,200	0	0
Motorcar Parts of America, Inc	COM	620071100	15,133	909,420	SH		SOLE		862,612	0	46,808
MSC Industrial Direct Co., Inc	COM	553530106	48,220	626,881	SH		SOLE		557,642	0	69,239
Murphy USA, Inc.	COM	626755102	26,481	345,521	SH		SOLE		325,529	0	19,992
National Fuel Gas Company	COM	636180101	23,950	467,958	SH		SOLE		404,600	0	63,358
NCR Corporation	COM	62886E108	36,205	1,568,690	SH		SOLE		1,490,188	0	78,502
Newmark Group, Inc. Class A	COM	65158N102	5,946	741,392	SH		SOLE		700,924	0	40,468
Nielsen Holdings Plc	COM	G6518L108	37,550	1,609,501	SH		SOLE		1,479,066	0	130,435
Oaktree Capital Group, LLC Cla	COM	674001201	14,697	369,732	SH		SOLE		369,732	0	0
Oaktree Specialty Lending Corp	COM	67401P108	20,236	4,783,811	SH		SOLE		4,531,421	0	252,390
Occidental Petroleum Corporati	COM	674599105	31,628	515,279	SH		SOLE		446,975	0	68,304
Omnicom Group Inc	COM	681919106	48,772	665,925	SH		SOLE		577,683	0	88,242
OSI Systems, Inc.	COM	671044105	7,747	105,683	SH		SOLE		95,173	0	10,510
Patterson Companies, Inc.	COM	703395103	17,942	912,590	SH		SOLE		865,470	0	47,120
PBF Energy, Inc. Class A	COM	69318G106	17,029	521,250	SH		SOLE		489,867	0	31,383
PepsiCo, Inc.	COM	713448108	44,975	407,086	SH		SOLE		350,867	0	56,219
PetMed Express, Inc.	COM	716382106	11,022	473,875	SH		SOLE		375,320	0	98,555
PICO Holdings, Inc.	COM	693366205	9,982	1,092,115	SH		SOLE		1,020,323	0	71,792
PNC Financial Services Group,	COM	693475105	35,418	302,949	SH		SOLE		262,201	0	40,748
Polaris Industries Inc.	COM	731068102	15,113	197,097	SH		SOLE		173,387	0	23,710
Premier Inc. Class A	COM	74051N102	41,380	1,107,903	SH		SOLE		1,042,907	0	64,996
QEP Resources, Inc.	COM	74733V100	1,597	283,710	SH		SOLE		256,980	0	26,730
QUALCOMM Incorporated	COM	747525103	47,292	830,999	SH		SOLE		720,832	0	110,167
Resources Connection, Inc.	COM	76122Q105	12,643	890,370	SH		SOLE		830,613	0	59,757
RPM International Inc.	COM	749685103	39,674	674,963	SH		SOLE		585,298	0	89,665
Ryman Hospitality Properties,	COM	78377T107	39,612	593,974	SH		SOLE		513,797	0	80,177
Sabra Health Care REIT, Inc.	COM	78573L106	29,327	1,779,562	SH		SOLE		1,540,911	0	238,651
Sabre Corp.	COM	78573M104	40,102	1,853,139	SH		SOLE		1,802,468	0	50,671
Sleep Number Corporation	COM	83125X103	22,115	696,964	SH		SOLE		658,791	0	38,173
SP Plus Corporation	COM	78469C103	6,318	213,884	SH		SOLE		193,368	0	20,516
Starbucks Corporation	COM	855244109	42,502	659,971	SH		SOLE		572,883	0	87,088
Stock Yards Bancorp, Inc.	COM	861025104	6,455	196,814	SH		SOLE		155,460	0	41,354
Sumitomo Mitsui Financial Grou	COM	86562M209	131	20,063	SH		SOLE		20,063	0	0
Sykes Enterprises, Incorporate	COM	871237103	16,689	674,831	SH		SOLE		637,530	0	37,301
Target Corporation	COM	87612E106	59,914	906,546	SH		SOLE		785,457	0	121,089
Tech Data Corporation	COM	878237106	42,982	525,392	SH		SOLE		498,652	0	26,740
TechTarget, Inc.	COM	87874R100	5,311	434,991	SH		SOLE		393,056	0	41,935
Thomson Reuters Corporation	COM	884903709	24,660	510,457	SH		SOLE		441,653	0	68,804
TTEC Holdings, Inc.	COM	89854H102	4,904	171,647	SH		SOLE		155,378	0	16,269
U.S. Bancorp	COM	902973304	85,720	1,875,703	SH		SOLE		1,655,733	0	219,970
UniFirst Corporation	COM	904708104	38,447	268,726	SH		SOLE		253,893	0	14,833
Unilever PLC Sponsored ADR	COM	904767704	42,574	814,815	SH		SOLE		707,215	0	107,600
United Parcel Service, Inc. Cl	COM	911312106	41,889	429,503	SH		SOLE		373,211	0	56,292
Valero Energy Corporation	COM	91913Y100	26,984	359,931	SH		SOLE		314,383	0	45,548
Vanguard Dividend Appreciation	COM	921908844	1,415	14,450	SH		SOLE		14,450	0	0
Ventas, Inc.	COM	92276F100	45,310	773,341	SH		SOLE		670,722	0	102,619
Verizon Communications Inc.	COM	92343V104	54,346	966,674	SH		SOLE		837,637	0	129,037
Viad Corp	COM	92552R406	28,549	569,948	SH		SOLE		538,575	0	31,373
WageWorks, Inc.	COM	930427109	9,294	342,199	SH		SOLE		322,055	0	20,144
Walgreens Boots Alliance Inc	COM	931427108	35,914	525,600	SH		SOLE		455,475	0	70,125
Walmart Inc.	COM	931142103	52,358	562,083	SH		SOLE		485,303	0	76,780
Wells Fargo & Company	COM	949746101	48,213	1,046,295	SH		SOLE		934,152	0	112,143
WesBanco, Inc.	COM	950810101	21,995	599,483	SH		SOLE		477,090	0	122,393
White Mountains Insurance Grou	COM	G9618E107	57,769	67,354	SH		SOLE		63,848	0	3,506
World Fuel Services Corporatio	COM	981475106	21,654	1,011,394	SH		SOLE		956,714	0	54,680
Yum China Holdings, Inc.	COM	98850P109	515	15,350	SH		SOLE		15,350	0	0