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	10,440	317,605	SH		SOLE		294,989	0	22,616
Advance Auto Parts, Inc.	COM	00751Y106	3,765	22,076	SH		SOLE		22,076	0	0
Air Transport Services Group,	COM	00922R105	51,249	2,223,371	SH		SOLE		2,108,399	0	114,972
Aircastle Limited	COM	G0129K104	36,595	1,808,070	SH		SOLE		1,527,199	0	280,871
Alexander & Baldwin, Inc.	COM	014491104	394	15,499	SH		SOLE		15,499	0	0
Allergan plc	COM	G0177J108	17,747	121,217	SH		SOLE		116,276	0	4,941
Alphabet Inc. Class C	COM	02079K107	710	605	SH		SOLE		605	0	0
American National Insurance Co	COM	028591105	8,127	67,267	SH		SOLE		60,924	0	6,343
AmeriGas Partners, L.P.	COM	030975106	8,751	283,463	SH		SOLE		234,819	0	48,644
Amgen Inc.	COM	031162100	48,070	253,026	SH		SOLE		221,455	0	31,571
Apple Inc.	COM	037833100	16,982	89,400	SH		SOLE		85,586	0	3,814
Aramark	COM	03852U106	6,210	210,140	SH		SOLE		210,140	0	0
Argan, Inc.	COM	04010E109	21,546	431,344	SH		SOLE		407,473	0	23,871
Armstrong Flooring, Inc.	COM	04238R106	12,093	889,182	SH		SOLE		842,585	0	46,597
Armstrong World Industries, In	COM	04247X102	40,291	507,317	SH		SOLE		478,159	0	29,158
Asbury Automotive Group, Inc.	COM	043436104	11,723	169,021	SH		SOLE		158,552	0	10,469
Avaya Holdings Corp.	COM	05351X101	31,760	1,887,132	SH		SOLE		1,791,912	0	95,220
Axis Capital Holdings Limited	COM	G0692U109	61,671	1,125,786	SH		SOLE		1,046,334	0	79,452
Barrett Business Services, Inc	COM	068463108	8,223	106,338	SH		SOLE		96,755	0	9,583
BB&T Corporation	COM	054937107	100,274	2,155,041	SH		SOLE		1,925,150	0	229,891
Berkshire Hathaway Inc. Class	COM	084670702	46,238	230,168	SH		SOLE		220,420	0	9,748
Biglari Holdings Inc. Class B	COM	08986R309	4,653	32,918	SH		SOLE		30,590	0	2,328
Biglari Holdings, Inc. Class A	COM	08986R408	4,546	6,182	SH		SOLE		5,844	0	338
Blackstone Group L.P.	COM	09253U108	478	13,666	SH		SOLE		13,666	0	0
Bristol-Myers Squibb Company	COM	110122108	37,822	792,741	SH		SOLE		693,043	0	99,698
Brookfield Asset Management In	COM	112585104	36,251	777,089	SH		SOLE		744,213	0	32,876
Brookfield Property Partners L	COM	G16249107	413	20,061	SH		SOLE		20,061	0	0
Caesars Entertainment Corporat	COM	127686103	249	28,600	SH		SOLE		28,600	0	0
Camping World Holdings, Inc. C	COM	13462K109	2,783	200,068	SH		SOLE		183,952	0	16,116
Cannae Holdings, Inc.	COM	13765N107	63,807	2,630,151	SH		SOLE		2,481,874	0	148,277
Capital Southwest Corporation	COM	140501107	12,600	598,863	SH		SOLE		557,051	0	41,812
Cars.com, Inc.	COM	14575E105	3,112	136,511	SH		SOLE		123,575	0	12,936
Casey's General Stores, Inc.	COM	147528103	4,966	38,567	SH		SOLE		34,862	0	3,705
CDK Global Inc	COM	12508E101	39,903	678,392	SH		SOLE		659,028	0	19,364
Cedar Fair, L.P.	COM	150185106	21,176	402,425	SH		SOLE		334,065	0	68,360
Chevron Corporation	COM	166764100	32,058	260,251	SH		SOLE		225,932	0	34,319
Cinemark Holdings, Inc.	COM	17243V102	51,518	1,288,265	SH		SOLE		1,129,489	0	158,776
Cisco Systems, Inc.	COM	17275R102	64,489	1,194,470	SH		SOLE		1,041,536	0	152,934
CNA Financial Corporation	COM	126117100	32,505	749,838	SH		SOLE		643,668	0	106,170
Colfax Corporation	COM	194014106	18,347	618,176	SH		SOLE		585,881	0	32,295
Comcast Corporation Class A	COM	20030N101	95,376	2,385,590	SH		SOLE		2,157,287	0	228,303
Computer Programs and Systems,	COM	205306103	13,368	450,241	SH		SOLE		418,426	0	31,815
Conduent, Inc.	COM	206787103	45,727	3,306,368	SH		SOLE		3,152,688	0	153,680
Corning Inc	COM	219350105	72,086	2,177,828	SH		SOLE		1,902,092	0	275,736
CSG Systems International, Inc	COM	126349109	49,537	1,171,079	SH		SOLE		1,077,351	0	93,728
Cubic Corporation	COM	229669106	21,345	379,535	SH		SOLE		357,783	0	21,752
Diageo plc Sponsored ADR	COM	25243Q205	296	1,810	SH		SOLE		1,810	0	0
Discovery, Inc. Class C	COM	25470F302	37,099	1,459,424	SH		SOLE		1,427,626	0	31,798
Dollar Tree, Inc.	COM	256746108	768	7,311	SH		SOLE		7,311	0	0
Dominion Energy Inc	COM	25746U109	27,622	360,318	SH		SOLE		314,942	0	45,376
DowDuPont Inc.	COM	26078J100	346	6,490	SH		SOLE		6,490	0	0
Emerald Expositions Events, In	COM	29103B100	1,907	150,143	SH		SOLE		136,093	0	14,050
Emerson Electric Co.	COM	291011104	32,216	470,513	SH		SOLE		411,692	0	58,821
Entercom Communications Corp.	COM	293639100	5,388	1,026,361	SH		SOLE		965,911	0	60,450
Enterprise Products Partners L	COM	293792107	34,280	1,178,015	SH		SOLE		1,016,497	0	161,518
Evolution Petroleum Corporatio	COM	30049A107	4,169	617,642	SH		SOLE		562,583	0	55,059
Expedia Group, Inc.	COM	30212P303	15,555	130,711	SH		SOLE		125,064	0	5,647
Extended Stay America, Inc.	COM	30224P200	84,911	4,730,436	SH		SOLE		4,278,628	0	451,808
Exxon Mobil Corporation	COM	30231G102	45,710	565,716	SH		SOLE		488,995	0	76,721
Fastenal Company	COM	311900104	94,296	1,466,269	SH		SOLE		1,285,799	0	180,470
FedEx Corporation	COM	31428X106	624	3,438	SH		SOLE		3,438	0	0
FGL Holdings Class A	COM	G3402M102	36,003	4,574,759	SH		SOLE		4,363,400	0	211,359
First Citizens BancShares, Inc	COM	31946M103	7,255	17,818	SH		SOLE		16,157	0	1,661
Forward Air Corporation	COM	349853101	19,017	293,789	SH		SOLE		275,236	0	18,553
GCI Liberty, Inc. Class A	COM	36164V305	62,127	1,117,198	SH		SOLE		1,090,964	0	26,234
General Electric Company	COM	369604103	333	33,285	SH		SOLE		33,285	0	0
Genworth Financial, Inc. Class	COM	37247D106	4,648	1,213,560	SH		SOLE		1,141,084	0	72,476
Gran Tierra Energy Inc.	COM	38500T101	3,144	1,385,193	SH		SOLE		1,251,393	0	133,800
Hain Celestial Group, Inc.	COM	405217100	3,114	134,682	SH		SOLE		122,020	0	12,662
Health Insurance Innovations,	COM	42225K106	10,621	396,010	SH		SOLE		375,113	0	20,897
Hostess Brands, Inc. Class A	COM	44109J106	77,638	6,211,047	SH		SOLE		5,912,202	0	298,845
Illinois Tool Works Inc.	COM	452308109	42,572	296,609	SH		SOLE		259,421	0	37,188
Ingersoll-Rand Plc	COM	G47791101	261	2,419	SH		SOLE		2,419	0	0
Ingles Markets, Incorporated C	COM	457030104	23,075	835,456	SH		SOLE		789,622	0	45,834
Intel Corporation	COM	458140100	27,233	507,131	SH		SOLE		439,956	0	67,175
Interpublic Group of Companies	COM	460690100	37,858	1,801,888	SH		SOLE		1,598,180	0	203,708
Iron Mountain, Inc.	COM	46284V101	69,225	1,952,204	SH		SOLE		1,710,386	0	241,818
Ituran Location and Control Lt	COM	M6158M104	13,895	406,895	SH		SOLE		369,724	0	37,171
J. Alexander's Holdings, Inc.	COM	46609J106	9,393	956,506	SH		SOLE		886,523	0	69,983
Jefferies Financial Group Inc.	COM	47233W109	6,036	321,225	SH		SOLE		321,225	0	0
JPMorgan Chase & Co.	COM	46625H100	639	6,310	SH		SOLE		6,310	0	0
Kansas City Southern	COM	485170302	11,259	97,081	SH		SOLE		97,081	0	0
KAR Auction Services, Inc.	COM	48238T109	43,812	853,875	SH		SOLE		747,777	0	106,098
Kelly Services, Inc. Class A	COM	488152208	4,915	222,818	SH		SOLE		200,558	0	22,260
Kimberly-Clark Corporation	COM	494368103	61,648	497,563	SH		SOLE		435,382	0	62,181
Kinder Morgan Inc Class P	COM	49456B101	84,582	4,226,968	SH		SOLE		3,796,359	0	430,609
L Brands, Inc.	COM	501797104	370	13,423	SH		SOLE		13,423	0	0
Lazard Ltd Class A	COM	G54050102	35,965	995,152	SH		SOLE		881,563	0	113,589
Liberty Broadband Corp. Class	COM	530307305	44,267	482,526	SH		SOLE		471,714	0	10,812
Liberty Expedia Holdings Inc C	COM	53046P109	40,660	949,992	SH		SOLE		897,401	0	52,591
Liberty Global Plc Class C	COM	G5480U120	571	23,572	SH		SOLE		23,572	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	6,126	316,761	SH		SOLE		316,761	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	52,676	2,708,298	SH		SOLE		2,557,503	0	150,795
Liberty Media Corp. Series C L	COM	531229607	16,505	431,625	SH		SOLE		412,989	0	18,636
Linde PLC	COM	G5494J103	42,577	242,011	SH		SOLE		211,892	0	30,119
LKQ Corporation	COM	501889208	45,196	1,592,523	SH		SOLE		1,552,326	0	40,197
LyondellBasell Industries NV	COM	N53745100	38,961	463,376	SH		SOLE		409,100	0	54,276
Magellan Midstream Partners, L	COM	559080106	35,575	586,750	SH		SOLE		506,286	0	80,464
Marathon Petroleum Corporation	COM	56585A102	64,527	1,078,153	SH		SOLE		943,800	0	134,353
McKesson Corporation	COM	58155Q103	20,523	175,319	SH		SOLE		168,068	0	7,251
Meredith Corporation	COM	589433101	26,554	480,525	SH		SOLE		420,566	0	59,959
MetLife, Inc.	COM	59156R108	16,783	394,244	SH		SOLE		345,480	0	48,764
Motorcar Parts of America, Inc	COM	620071100	16,271	862,285	SH		SOLE		815,477	0	46,808
MSC Industrial Direct Co., Inc	COM	553530106	55,751	674,053	SH		SOLE		602,998	0	71,055
MSG Networks Inc. Class A	COM	553573106	24,320	1,118,150	SH		SOLE		1,060,696	0	57,454
Murphy USA, Inc.	COM	626755102	29,014	338,871	SH		SOLE		318,879	0	19,992
National Fuel Gas Company	COM	636180101	27,461	450,473	SH		SOLE		394,016	0	56,457
NCR Corporation	COM	62886E108	45,311	1,660,361	SH		SOLE		1,581,859	0	78,502
Newmark Group, Inc. Class A	COM	65158N102	6,066	727,327	SH		SOLE		686,859	0	40,468
Nielsen Holdings Plc	COM	G6518L108	35,924	1,517,691	SH		SOLE		1,400,417	0	117,274
Novartis AG Sponsored ADR	COM	66987V109	226	2,347	SH		SOLE		2,347	0	0
Nutrien Ltd.	COM	67077M108	202	3,828	SH		SOLE		3,828	0	0
Oaktree Specialty Lending Corp	COM	67401P108	23,630	4,561,826	SH		SOLE		4,309,436	0	252,390
Occidental Petroleum Corporati	COM	674599105	32,900	496,972	SH		SOLE		435,574	0	61,398
Omnicom Group Inc	COM	681919106	46,949	643,221	SH		SOLE		562,623	0	80,598
OSI Systems, Inc.	COM	671044105	9,100	103,883	SH		SOLE		93,373	0	10,510
Patterson Companies, Inc.	COM	703395103	19,861	908,990	SH		SOLE		861,870	0	47,120
PBF Energy, Inc. Class A	COM	69318G106	18,207	584,697	SH		SOLE		553,314	0	31,383
PepsiCo, Inc.	COM	713448108	48,006	391,724	SH		SOLE		341,746	0	49,978
PetMed Express, Inc.	COM	716382106	10,370	455,230	SH		SOLE		369,207	0	86,023
PICO Holdings, Inc.	COM	693366205	9,084	917,550	SH		SOLE		857,952	0	59,598
PNC Financial Services Group,	COM	693475105	48,702	397,048	SH		SOLE		346,820	0	50,228
Polaris Industries Inc.	COM	731068102	16,088	190,549	SH		SOLE		168,851	0	21,698
Premier Inc. Class A	COM	74051N102	66,529	1,928,936	SH		SOLE		1,827,485	0	101,451
QEP Resources, Inc.	COM	74733V100	2,210	283,710	SH		SOLE		256,980	0	26,730
QUALCOMM Incorporated	COM	747525103	28,823	505,393	SH		SOLE		442,426	0	62,967
Resources Connection, Inc.	COM	76122Q105	13,585	821,332	SH		SOLE		761,575	0	59,757
RPM International Inc.	COM	749685103	37,763	650,646	SH		SOLE		570,082	0	80,564
Ryman Hospitality Properties,	COM	78377T107	40,188	488,664	SH		SOLE		426,902	0	61,762
Sabra Health Care REIT, Inc.	COM	78573L106	33,439	1,717,484	SH		SOLE		1,504,477	0	213,007
Sabre Corp.	COM	78573M104	41,178	1,925,114	SH		SOLE		1,874,443	0	50,671
SAP SE Sponsored ADR	COM	803054204	236	2,046	SH		SOLE		2,046	0	0
SP Plus Corporation	COM	78469C103	7,438	217,994	SH		SOLE		197,478	0	20,516
Starbucks Corporation	COM	855244109	47,288	636,108	SH		SOLE		557,947	0	78,161
Stock Yards Bancorp, Inc.	COM	861025104	8,547	252,793	SH		SOLE		204,673	0	48,120
Sumitomo Mitsui Financial Grou	COM	86562M209	141	20,063	SH		SOLE		20,063	0	0
Sykes Enterprises, Incorporate	COM	871237103	10,183	360,083	SH		SOLE		335,379	0	24,704
Target Corporation	COM	87612E106	70,080	873,166	SH		SOLE		764,684	0	108,482
Tech Data Corporation	COM	878237106	28,878	281,985	SH		SOLE		266,114	0	15,871
TechTarget, Inc.	COM	87874R100	5,056	310,740	SH		SOLE		281,157	0	29,583
Thomson Reuters Corporation	COM	884903709	29,058	490,841	SH		SOLE		429,976	0	60,865
U.S. Bancorp	COM	902973304	89,598	1,859,263	SH		SOLE		1,660,081	0	199,182
UniFirst Corporation	COM	904708104	42,601	277,530	SH		SOLE		262,697	0	14,833
Unilever PLC Sponsored ADR	COM	904767704	45,477	787,888	SH		SOLE		688,715	0	99,173
United Parcel Service, Inc. Cl	COM	911312106	45,629	408,347	SH		SOLE		356,720	0	51,627
Valero Energy Corporation	COM	91913Y100	29,423	346,843	SH		SOLE		306,274	0	40,569
Ventas, Inc.	COM	92276F100	47,564	745,405	SH		SOLE		653,217	0	92,188
Verizon Communications Inc.	COM	92343V104	55,102	931,886	SH		SOLE		815,367	0	116,519
Verra Mobility Corporation Cla	COM	92511U102	8,271	695,050	SH		SOLE		658,687	0	36,363
Viad Corp	COM	92552R406	31,959	567,758	SH		SOLE		536,385	0	31,373
WageWorks, Inc.	COM	930427109	21,615	572,433	SH		SOLE		543,568	0	28,865
Walgreens Boots Alliance Inc	COM	931427108	49,695	785,438	SH		SOLE		710,872	0	74,566
Walmart Inc.	COM	931142103	45,049	461,898	SH		SOLE		403,117	0	58,781
Walt Disney Company	COM	254687106	810	7,297	SH		SOLE		7,297	0	0
Wells Fargo & Company	COM	949746101	50,687	1,048,986	SH		SOLE		945,123	0	103,863
WesBanco, Inc.	COM	950810101	22,599	568,527	SH		SOLE		461,233	0	107,294
White Mountains Insurance Grou	COM	G9618E107	60,849	65,749	SH		SOLE		62,243	0	3,506
World Fuel Services Corporatio	COM	981475106	31,799	1,100,677	SH		SOLE		1,047,012	0	53,665
Yum China Holdings, Inc.	COM	98850P109	206	4,581	SH		SOLE		4,581	0	0