Phocas Financial 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
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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
ABBOTT LABS	COM	002824100	212	4,360	SH		SOLE	0	4,360	0	0
ABBVIE INC	COM	00287Y109	2,633	36,313	SH		SOLE	0	36,313	0	0
ABM INDS INC	COM	000957100	5,798	139,647	SH		SOLE	0	139,647	0	0
ACTIVISION INC NEW COM NEW	COM	00507V109	173	3,000	SH		SOLE	0	3,000	0	0
AETNA INC NEW	COM	00817Y108	182	1,200	SH		SOLE	0	1,200	0	0
AFFILIATED MNGRS GRP	COM	008252108	83	500	SH		SOLE	0	500	0	0
ALLERGAN INC	SHS	G0177J108	150	617	PRN		SOLE	0	617	0	0
ALPHABET INC CL A	COM	02079K305	956	1,028	SH		SOLE	0	1,028	0	0
ALPHABET INC CL C	COM	02079K107	276	304	SH		SOLE	0	304	0	0
ALTRIA GROUP INC	COM	02209S103	46	623	SH		SOLE	0	623	0	0
AMERICAN WATER WORKS CO	COM	030420103	7	90	SH		SOLE	0	90	0	0
AMGEN INC	COM	031162100	110	640	SH		SOLE	0	640	0	0
ANTIGENICS INC DEL	COM	00847G705	12	3,000	SH		SOLE	0	3,000	0	0
APPLE COMPUTER INC	COM	037833100	1,655	11,494	SH		SOLE	0	11,494	0	0
ARES CAPITAL CORPORATION	COM	04010L103	29	1,762	SH		SOLE	0	1,762	0	0
ASTEC INDS INC	COM	046224101	9,353	168,485	SH		SOLE	0	168,485	0	0
AT&T INC	COM	00206R102	916	24,281	SH		SOLE	0	24,281	0	0
ATLANTIC CAPITAL BANCSHARES INC	COM	048269203	210	11,047	SH		SOLE	0	11,047	0	0
ATLAS AIR WORLDWIDE HOLDINGS, INC.	COM	049164205	5,442	104,356	SH		SOLE	0	104,356	0	0
ATMOS ENERGY CORP	COM	049560105	32	380	SH		SOLE	0	380	0	0
AUTOMATIC DATA PROCESS	COM	053015103	72	700	SH		SOLE	0	700	0	0
AZZ INC	COM	002474104	6	104	SH		SOLE	0	104	0	0
BAKER HUGHES INC	COM	057224107	8	147	SH		SOLE	0	147	0	0
BANK NEW YORK INC	COM	064058100	61	1,200	SH		SOLE	0	1,200	0	0
BANK OF AMERICA CORP	COM	060505104	137	5,640	SH		SOLE	0	5,640	0	0
BANNER CORP	COM	06652V208	17,346	304,214	SH		SOLE	0	304,214	0	0
BASIC ENERGY SERVICES, INC.	COM NEW	06985P209	4,004	160,792	PRN		SOLE	0	160,792	0	0
BCE INC	COM	05534B760	28	614	SH		SOLE	0	614	0	0
BERKSHIRE HATHAWAY CLASS B	COM	084670702	249	1,470	SH		SOLE	0	1,470	0	0
BLACK HILLS CORP	COM	092113109	7,258	107,572	SH		SOLE	0	107,572	0	0
BLACKSTONE GROUP	COM	09253U108	7	200	SH		SOLE	0	200	0	0
BOK FINANCIAL CORP	COM	05561Q201	421	5,010	SH		SOLE	0	5,010	0	0
BOSTON PRIVATE FINANCIAL HOLDINGS	COM	101119105	4,804	312,968	SH		SOLE	0	312,968	0	0
BP PRUDHOE ROYALTY TRUST	COM	055630107	0	16	SH		SOLE	0	16	0	0
BREITBURN ENERGY PARTNERS LP	COM	106776107	0	601	SH		SOLE	0	601	0	0
BRISTOL MYERS SQUIBB	COM	110122108	84	1,510	SH		SOLE	0	1,510	0	0
BROOKS AUTOMATION, INC.	COM	114340102	5,117	235,927	SH		SOLE	0	235,927	0	0
BRYN MAWR BK CORP	COM	117665109	12,351	290,617	SH		SOLE	0	290,617	0	0
BUFFALO WILD WINGS INC	COM	119848109	4	30	SH		SOLE	0	30	0	0
CACI INTERNATIONAL INC CLASS A	COM	127190304	11,322	90,539	SH		SOLE	0	90,539	0	0
CAL MAINE FOODS INC COM NEW	COM	128030202	519	13,108	SH		SOLE	0	13,108	0	0
CALLON PETE CO DEL	COM	13123X102	7,649	720,960	SH		SOLE	0	720,960	0	0
CALPINE	COM	131347304	5,702	421,403	SH		SOLE	0	421,403	0	0
CARRIZO OIL & GAS	COM	144577103	3,699	212,352	SH		SOLE	0	212,352	0	0
CASS INFORMATION SYSTEMS	COM	14808P109	4,584	69,831	SH		SOLE	0	69,831	0	0
CBIZ INC	COM	124805102	13,715	914,308	SH		SOLE	0	914,308	0	0
CELGENE CORP	COM	151020104	192	1,478	SH		SOLE	0	1,478	0	0
CENTERSTATE BANKS INC	COM	15201P109	17,594	707,726	SH		SOLE	0	707,726	0	0
CENTURYLINK	COM	156700106	3	118	SH		SOLE	0	118	0	0
CERNER CORP	COM	156782104	13	200	SH		SOLE	0	200	0	0
CHARTER COMMUNCTNS DEL CL A	COM	16117M305	7	22	SH		SOLE	0	22	0	0
CHEMBIO DIAGNOSTICS	COM	163572209	121	20,000	SH		SOLE	0	20,000	0	0
CHESAPEAKE UTILITIES CORP.	COM	165303108	11,206	149,516	SH		SOLE	0	149,516	0	0
CHEVRON CORP NEW	COM	166764100	758	7,262	SH		SOLE	0	7,262	0	0
CHUBB LTD	COM	H1467J104	2	15	SH		SOLE	0	15	0	0
CIGNA CORP	COM	125509109	591	3,530	SH		SOLE	0	3,530	0	0
CISCO SYS INC	COM	17275R102	6	200	SH		SOLE	0	200	0	0
CITIGROUP INC	COM	172967424	508	7,597	SH		SOLE	0	7,597	0	0
CLOROX CO DEL	COM	189054109	167	1,250	SH		SOLE	0	1,250	0	0
CLOVIS ONCOLOGY	COM	189464100	112	1,200	SH		SOLE	0	1,200	0	0
CNO FINANCIAL INC	COM	12621E103	20,504	982,016	SH		SOLE	0	982,016	0	0
COCA COLA EUROPEAN PARTNERS	SHS	G25839104	182	4,470	PRN		SOLE	0	4,470	0	0
COLGATE PALMOLIVE CO	COM	194162103	529	7,140	SH		SOLE	0	7,140	0	0
COLONY STARWOOD HOMES	COM	19625X102	5,219	152,101	SH		SOLE	0	152,101	0	0
COMPANIA DE MINAS BUENAVENTURA S.A.	COM	204448104	0	41	SH		SOLE	0	41	0	0
COMPASS DIVERSIFIED HOLDINGS	COM	20451Q104	33	1,906	SH		SOLE	0	1,906	0	0
COMTECH TELECOMMUNICAT COM NEW	COM	205826209	0	24	SH		SOLE	0	24	0	0
CONAGRA FOODS INC	COM	205887102	260	7,280	SH		SOLE	0	7,280	0	0
CONDUENT INC	COM	206787103	5,535	347,217	SH		SOLE	0	347,217	0	0
CONSOLIDATED COMMUNICATIONS HOLDINGS INC	COM	209034107	6	270	SH		SOLE	0	270	0	0
CONTINENTAL RESOURCES	COM	212015101	17	540	SH		SOLE	0	540	0	0
COSTCO WHSL CORP NEW	COM	22160K105	40	250	SH		SOLE	0	250	0	0
COWEN INC	CL A NEW	223622606	5,474	336,870	PRN		SOLE	0	336,870	0	0
CROWN CRAFTS INC.	COM	228309100	36	5,142	SH		SOLE	0	5,142	0	0
CROWN HOLDINGS INC	COM	228368106	10	170	SH		SOLE	0	170	0	0
CVS HEALTH CORP	COM	126650100	669	8,310	SH		SOLE	0	8,310	0	0
CYPRESS SEMICONDUCTOR	COM	232806109	13,517	990,222	SH		SOLE	0	990,222	0	0
D R HORTON INC	COM	23331A109	0	1	SH		SOLE	0	1	0	0
DARLING INGREDIENTS INC	COM	237266101	28	1,800	SH		SOLE	0	1,800	0	0
DELUXE CORP	COM	248019101	13,746	198,583	SH		SOLE	0	198,583	0	0
DOMINION RES VA NEW	COM	25746U109	48	620	SH		SOLE	0	620	0	0
DOVER CORP	COM	260003108	688	8,582	SH		SOLE	0	8,582	0	0
DOW CHEM CO	COM	260543103	424	6,715	SH		SOLE	0	6,715	0	0
DTE ENERGY CO	COM	233331107	22	206	SH		SOLE	0	206	0	0
DUKE ENERGY CORP	COM	26441C204	648	7,750	SH		SOLE	0	7,750	0	0
EATON CORP	SHS	G29183103	616	7,920	PRN		SOLE	0	7,920	0	0
EMCOR GROUP INC	COM	29084Q100	8,109	124,030	SH		SOLE	0	124,030	0	0
EMMIS COMMUNICTNS CORP CL A	COM	291525103	215	75,078	SH		SOLE	0	75,078	0	0
ENTERCOM COMM CORP CL A	COM	293639100	5,763	556,829	SH		SOLE	0	556,829	0	0
ENTERPRISE FINANCIAL SERVICES	COM	293712105	9,924	243,246	SH		SOLE	0	243,246	0	0
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	168	6,186	SH		SOLE	0	6,186	0	0
ENVISION HEALTHCARE	COM	29414D100	6,346	101,263	SH		SOLE	0	101,263	0	0
ESTERLINE TECHNOLOGIES	COM	297425100	11,447	120,744	SH		SOLE	0	120,744	0	0
EXACT SCIENCES CORP	COM	30063P105	53	1,500	SH		SOLE	0	1,500	0	0
EXELON CORP	COM	30161N101	9	250	SH		SOLE	0	250	0	0
EXXON MOBIL CORP	COM	30231G102	555	6,872	SH		SOLE	0	6,872	0	0
EZCORP, INC.	COM	302301106	0	53	SH		SOLE	0	53	0	0
FACEBOOK INC	COM	30303M102	1	6	SH		SOLE	0	6	0	0
FERRO CORP	COM	315405100	11,301	617,866	SH		SOLE	0	617,866	0	0
FIDELITY & GUAR	COM	315785105	5,783	186,259	SH		SOLE	0	186,259	0	0
FIREEYE, INC	COM	31816Q101	30	2,000	SH		SOLE	0	2,000	0	0
FIRST AMERICAN FINANCIAL	COM	31847R102	11,377	254,578	SH		SOLE	0	254,578	0	0
FIRST FINL BANCORP	COM	320209109	39	1,423	SH		SOLE	0	1,423	0	0
FIRST INTERSTATE BANCSYSTEM	COM	32055Y201	10,310	277,152	SH		SOLE	0	277,152	0	0
FIRST REPUBLIC BANK	COM	33616C100	1,034	10,334	SH		SOLE	0	10,334	0	0
FISERV INC	COM	337738108	0	2	SH		SOLE	0	2	0	0
FNB CORP	COM	302520101	16,417	1,159,358	SH		SOLE	0	1,159,358	0	0
FRANKLIN FINANCIAL NETWORK, INC.	COM	35352P104	15,964	387,006	SH		SOLE	0	387,006	0	0
FRANKLIN RES INC	COM	354613101	25	558	SH		SOLE	0	558	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	0	43	SH		SOLE	0	43	0	0
GALLAGHER ARTHUR J &CO	COM	363576109	259	4,520	SH		SOLE	0	4,520	0	0
GENERAL CABLE CORPORATION	COM	369300108	5,336	326,341	SH		SOLE	0	326,341	0	0
GENERAL ELEC CO	COM	369604103	866	32,049	SH		SOLE	0	32,049	0	0
GIBRALTAR INDS INC	COM	374689107	11,134	312,304	SH		SOLE	0	312,304	0	0
G-III APPAREL GROUP, LTD.	COM	36237H101	13,037	522,540	SH		SOLE	0	522,540	0	0
GOLDMAN SACHS GROUP	COM	38141G104	0	1	SH		SOLE	0	1	0	0
GREAT PLAINS ENERGY	COM	391164100	41	1,400	SH		SOLE	0	1,400	0	0
GREEN BANCORP, INC.	COM	39260X100	11,735	604,901	SH		SOLE	0	604,901	0	0
GUARANTY BANCORP	COM	40075T607	6,513	239,446	SH		SOLE	0	239,446	0	0
H.B. FULLER COMPANY	COM	359694106	7,681	150,278	SH		SOLE	0	150,278	0	0
HANESBRANDS	COM	410345102	558	24,110	SH		SOLE	0	24,110	0	0
HCA INC	COM	40412C101	14	160	SH		SOLE	0	160	0	0
HD SUPPLY HOLDINGS INC	COM	40416M105	595	19,410	SH		SOLE	0	19,410	0	0
HEARTLAND FINL USA INC	COM	42234Q102	4,967	105,465	SH		SOLE	0	105,465	0	0
HERBALIFE LTD	COM	G4412G101	124	1,740	SH		SOLE	0	1,740	0	0
HERITAGE COMMERCE CORP	COM	426927109	6,816	494,648	SH		SOLE	0	494,648	0	0
HERITAGE FINANCIAL CORP	COM	42722X106	5,252	198,170	SH		SOLE	0	198,170	0	0
HOPE BANCORP, INC.	COM	43940T109	10,205	547,204	SH		SOLE	0	547,204	0	0
IBERIABANK CORP	COM	450828108	17,287	212,106	SH		SOLE	0	212,106	0	0
IDACORP INC	COM	451107106	10,301	120,688	SH		SOLE	0	120,688	0	0
INNOVIVA, INC	COM	45781M101	5	400	SH		SOLE	0	400	0	0
INTEL CORP	COM	458140100	538	15,957	SH		SOLE	0	15,957	0	0
JACOBS ENGR GROUP DEL	COM	469814107	2	30	SH		SOLE	0	30	0	0
JOHNSON & JOHNSON	COM	478160104	1,763	13,327	SH		SOLE	0	13,327	0	0
JPMORGAN CHASE & CO	COM	46625H100	954	10,437	SH		SOLE	0	10,437	0	0
KADANT INC	COM	48282T104	12,587	167,382	SH		SOLE	0	167,382	0	0
KAISER ALUMINUM CORP	COM	483007704	7,580	85,636	SH		SOLE	0	85,636	0	0
KAPSTONE PAPER & PACKAGING CORP	COM	48562P103	6,891	334,005	SH		SOLE	0	334,005	0	0
KEYCORP	COM	493267108	43	2,304	SH		SOLE	0	2,304	0	0
KIMBERLY CLARK CORP	COM	494368103	32	250	SH		SOLE	0	250	0	0
KINDER MORGAN INC	COM	49456B101	96	5,015	SH		SOLE	0	5,015	0	0
LABORATORY CORP OF AMERICA	COM	50540R409	283	1,835	SH		SOLE	0	1,835	0	0
LAMB WESTON HOLDINGS	COM	513272104	93	2,120	SH		SOLE	0	2,120	0	0
LANDAUER INC	COM	51476K103	0	2	SH		SOLE	0	2	0	0
LAS VEGAS SANDS	COM	517834107	6	100	SH		SOLE	0	100	0	0
LEGACYTEXAS FINANCIAL GROUP, INC.	COM	52471Y106	9,212	241,600	SH		SOLE	0	241,600	0	0
LOWES COMPANIES INC	COM	548661107	268	3,460	SH		SOLE	0	3,460	0	0
LYONDELLBASELL INDUSTRIES	COM	N53745100	34	400	SH		SOLE	0	400	0	0
MAGELLAN MIDSTREAM	COM	559080106	264	3,700	SH		SOLE	0	3,700	0	0
MALLINCKRODT PLC	SHS	G5785G107	16	350	PRN		SOLE	0	350	0	0
MARATHON OIL CORP	COM	565849106	14	1,185	SH		SOLE	0	1,185	0	0
MATERION CORP	COM	576690101	10,075	269,383	SH		SOLE	0	269,383	0	0
MATTEL INC	COM	577081102	60	2,800	SH		SOLE	0	2,800	0	0
MCDONALDS CORP	COM	580135101	107	700	SH		SOLE	0	700	0	0
MEDTRONIC PLC	SHS	G5960L103	71	800	PRN		SOLE	0	800	0	0
MERCK & CO INC	COM	58933Y105	111	1,730	SH		SOLE	0	1,730	0	0
MEREDITH CORP	COM	589433101	9,419	158,430	SH		SOLE	0	158,430	0	0
METLIFE INC	COM	59156R108	246	4,474	SH		SOLE	0	4,474	0	0
MICROSOFT CORP	COM	594918104	250	3,620	SH		SOLE	0	3,620	0	0
MKS INSTRUMENT INC	COM	55306N104	12,539	186,320	SH		SOLE	0	186,320	0	0
MODINE MANUFACTURING CO	COM	607828100	12,852	776,539	SH		SOLE	0	776,539	0	0
MONDELEZ INTERNATIONAL INC	COM	609207105	80	1,859	SH		SOLE	0	1,859	0	0
MYR GROUP INC	COM	55405W104	6,486	209,103	SH		SOLE	0	209,103	0	0
MYRIAD GENETICS INC	COM	62855J104	3	120	SH		SOLE	0	120	0	0
NATIONAL CINEMEDIA	COM	635309107	3	457	SH		SOLE	0	457	0	0
NCR CORP NEW	COM	62886E108	20,240	495,583	SH		SOLE	0	495,583	0	0
NEW YORK CMNTY BANCORP	COM	649445103	4	326	SH		SOLE	0	326	0	0
NEWELL RUBBERMAID INC	COM	651229106	711	13,259	SH		SOLE	0	13,259	0	0
NEXSTAR BROADCASTING	COM	65336K103	9,259	154,828	SH		SOLE	0	154,828	0	0
NIKE INC CL B	COM	654106103	35	600	SH		SOLE	0	600	0	0
NOBLE ENRGY INC	COM	655044105	68	2,395	SH		SOLE	0	2,395	0	0
NORWEGIAN CRUISE LINE HOLDINGS	SHS	G66721104	548	10,099	PRN		SOLE	0	10,099	0	0
NXP SEMICONDUCTORS	COM	N6596X109	399	3,645	SH		SOLE	0	3,645	0	0
OFFICE DEPOT INC	COM	676220106	14,260	2,528,416	SH		SOLE	0	2,528,416	0	0
ON ASSIGNMENT INC	COM	682159108	6,093	112,515	SH		SOLE	0	112,515	0	0
ONE MAIN HOLDINGS	COM	68268W103	4,733	192,457	SH		SOLE	0	192,457	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	18,279	495,358	SH		SOLE	0	495,358	0	0
PAREXEL INTL CORP	COM	699462107	6,014	69,200	SH		SOLE	0	69,200	0	0
PBF ENERGY INC	COM	69318G106	9	425	SH		SOLE	0	425	0	0
PDC ENERGY	COM	69327R101	7,408	171,848	SH		SOLE	0	171,848	0	0
PEMBINA PIPELINE CORPORATION	COM	706327103	32	952	SH		SOLE	0	952	0	0
PENNANTPARK INVESTMENT CORP	COM	708062104	20	2,639	SH		SOLE	0	2,639	0	0
PENSKE AUTOMOTIVE GROUP, INC.	COM	70959W103	5,091	115,931	SH		SOLE	0	115,931	0	0
PEPSICO INC	COM	713448108	1,042	9,025	SH		SOLE	0	9,025	0	0
PETMED EXPRESS INC	COM	716382106	3	74	SH		SOLE	0	74	0	0
PFIZER INC	COM	717081103	200	5,961	SH		SOLE	0	5,961	0	0
PHARMERICA	COM	71714F104	7,187	273,788	SH		SOLE	0	273,788	0	0
PHOTRONICS INC	COM	719405102	4,221	449,030	SH		SOLE	0	449,030	0	0
PLEXUS CORP	COM	729132100	5,697	108,363	SH		SOLE	0	108,363	0	0
PORTLAND GENERAL	COM	736508847	7,269	159,094	SH		SOLE	0	159,094	0	0
PREFERRED BANK	COM	740367404	8,623	161,277	SH		SOLE	0	161,277	0	0
PRIMERICA	COM	74164M108	7,022	92,696	SH		SOLE	0	92,696	0	0
PROCTER & GAMBLE CO	COM	742718109	682	7,826	SH		SOLE	0	7,826	0	0
PROGENICS PHARMA INC	COM	743187106	9,959	1,466,748	SH		SOLE	0	1,466,748	0	0
PROGRESS SOFTWARE CORP	COM	743312100	5,811	188,110	SH		SOLE	0	188,110	0	0
PROSPECT CAPITAL CORP	COM	74348T102	6	712	SH		SOLE	0	712	0	0
QUALCOMM INC	COM	747525103	11	200	SH		SOLE	0	200	0	0
Red Robin Gourmet Burgers, Inc.	COM	75689M101	6,188	94,829	SH		SOLE	0	94,829	0	0
RESOLUTE ENERGY CORP	COM NEW	76116A306	3,682	123,675	PRN		SOLE	0	123,675	0	0
RESTORATION HARDWARE HOLDINGS	COM	761283100	13	200	SH		SOLE	0	200	0	0
RING ENERGY, INC.	COM	76680V108	15,445	1,188,071	SH		SOLE	0	1,188,071	0	0
RPM INTL INC	COM	749685103	46	850	SH		SOLE	0	850	0	0
S&P GLOBAL, INC.	COM	580645109	32	220	SH		SOLE	0	220	0	0
SCHLUMBERGER LTD	COM	806857108	311	4,722	SH		SOLE	0	4,722	0	0
SCHWAB CHARLES CP NEW	COM	808513105	17	400	SH		SOLE	0	400	0	0
SCRIPPS NETWORKS INTERACTIVE INC	COM	811065101	201	2,940	SH		SOLE	0	2,940	0	0
SELECTIVE INS GROUP	COM	816300107	11,988	239,514	SH		SOLE	0	239,514	0	0
SENSIENT TECH CORP	COM	81725T100	10,590	131,498	SH		SOLE	0	131,498	0	0
SILICON MOTION TECHNOLOGY CORP	COM	82706C108	6,150	127,512	SH		SOLE	0	127,512	0	0
SINCLAIR BROADCAST GRP CL A	COM	829226109	12,518	380,489	SH		SOLE	0	380,489	0	0
SKYWEST INC	COM	830879102	16,403	467,318	SH		SOLE	0	467,318	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	268	2,790	SH		SOLE	0	2,790	0	0
SNYDERS LANCE INC	COM	833551104	7,200	207,959	SH		SOLE	0	207,959	0	0
SOUTH JERSEY INDS INC	COM	838518108	9,318	272,684	SH		SOLE	0	272,684	0	0
SOUTHERN CO	COM	842587107	165	3,440	SH		SOLE	0	3,440	0	0
SPIRE, INC	COM	84857L101	8,003	114,735	SH		SOLE	0	114,735	0	0
STANLEY BLACK & DECKER	COM	854502101	101	720	SH		SOLE	0	720	0	0
STATE BANK & TRUST	COM	856190103	13,117	483,659	SH		SOLE	0	483,659	0	0
STIFEL FINANCIAL CORP	COM	860630102	4,604	100,131	SH		SOLE	0	100,131	0	0
STURM RUGER & CO INC	COM	864159108	0	2	SH		SOLE	0	2	0	0
SUPERIOR ENERGY SERVICES	COM	868157108	6,203	594,698	SH		SOLE	0	594,698	0	0
SYNERGY RESOURCES CORP	COM	87164P103	508	75,472	SH		SOLE	0	75,472	0	0
SYNOVUS FINL CORP	COM	87161C501	15,418	348,500	SH		SOLE	0	348,500	0	0
TETRA TECH INC NEW	COM	88162G103	11,191	244,615	SH		SOLE	0	244,615	0	0
TEXAS INSTRS INC	COM	882508104	8	110	SH		SOLE	0	110	0	0
THERAVANCE BIOPHARMA INC	COM	G8807B106	5	114	SH		SOLE	0	114	0	0
TIME WARNER INC	COM	887317303	172	1,716	SH		SOLE	0	1,716	0	0
TIMKEN CO	COM	887389104	12,489	270,024	SH		SOLE	0	270,024	0	0
TIMKEN STEEL	COM	887399103	5,674	369,148	SH		SOLE	0	369,148	0	0
TOPBUILD CORP	COM	89055F103	14,049	264,734	SH		SOLE	0	264,734	0	0
TOWER INTERNATIONAL, INC	COM	891826109	5,275	234,969	SH		SOLE	0	234,969	0	0
TRICO BANCSHARES	COM	896095106	7,037	200,203	SH		SOLE	0	200,203	0	0
UNITED CMNTY BKS GA CAP STK	COM	90984P303	19,114	687,563	SH		SOLE	0	687,563	0	0
UNITED CONTINENTAL HOLDINGS	COM	910047109	56	741	SH		SOLE	0	741	0	0
UNITED TECHNOLOGIES CP	COM	913017109	38	310	SH		SOLE	0	310	0	0
US BANCORP	COM	902973304	109	2,099	SH		SOLE	0	2,099	0	0
USANA HEALTH SCIENCES	COM	90328M107	8,018	125,090	SH		SOLE	0	125,090	0	0
VAIL RESORTS INC	COM	91879Q109	20	100	SH		SOLE	0	100	0	0
VERIFONE	COM	92342Y109	587	31,612	SH		SOLE	0	31,612	0	0
VERINT SYS INC	COM	92343X100	8,014	196,898	SH		SOLE	0	196,898	0	0
VERIZON COMMUNICATIONS	COM	92343V104	473	10,602	SH		SOLE	0	10,602	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	52	400	SH		SOLE	0	400	0	0
VISA INC	COM	92826C839	16	172	SH		SOLE	0	172	0	0
WALT DISNEY CO	COM	254687106	874	8,226	SH		SOLE	0	8,226	0	0
WEB.COM GROUP INC	COM	94733A104	8,321	328,898	SH		SOLE	0	328,898	0	0
WELLS FARGO & CO	COM	949746101	508	9,159	SH		SOLE	0	9,159	0	0
WESTROCK CO	COM	96145D105	11	200	SH		SOLE	0	200	0	0
WHOLE FOODS MKT INC	COM	966837106	17	400	SH		SOLE	0	400	0	0
WINTRUST FINL CORP	COM	97650W108	15,009	196,349	SH		SOLE	0	196,349	0	0
WOLVERINE WORLD WIDE, INC.	COM	978097103	5,497	196,236	SH		SOLE	0	196,236	0	0