Ativo Capital 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
APPLE INC	COM	037833100	3,145	26,099	SH		SOLE	0	20,999	0	5,100
ABB LTD	COM	000375204	1,549	81,952	SH		SOLE	0	81,952	0	0
AMBEV SA	COM	02319V103	478	97,703	SH		SOLE	0	21,803	0	75,900
ACCENTURE PLC	COM	G1151C101	13,122	125,259	SH		SOLE	0	105,259	0	20,000
AGREE REALTY CORP	COM	008492100	554	17,309	SH		SOLE	0	9	0	17,300
AERCAP HOLDINGS NV	COM	N00985106	2,604	63,101	SH		SOLE	0	36,580	0	26,521
ALMOST FAMILY INC	COM	020409108	527	12,106	SH		SOLE	0	6	0	12,100
ALLIANCE FIBER OPTIC PRODUCT	COM	018680306	358	25,024	SH		SOLE	0	12	0	25,012
AMTRUST FINANCIAL SERVICES	COM	032359309	1,810	26,925	SH		SOLE	0	26,925	0	0
ARGAN INC	COM	04010E109	592	16,065	SH		SOLE	0	8	0	16,057
ARMADA HOFFLER PROPERTIES	COM	04208T108	544	51,784	SH		SOLE	0	32	0	51,752
AMETEK INC	COM	031100100	1,598	28,630	SH		SOLE	0	28,630	0	0
ARMANINO FOODS DISTINCTION	COM	042166801	389	199,344	SH		SOLE	0	0	0	199,344
ALLIED MOTION TECHNOLOGIES	COM	019330109	631	30,461	SH		SOLE	0	14	0	30,447
AMSURG CORP	COM	03232P405	1,841	22,350	SH		SOLE	0	22,350	0	0
ALIMENTATION COUCHE-TARD INC	COM	01626P403	1,645	36,600	SH		SOLE	0	36,600	0	0
ACCESS NATIONAL CORP	COM	004337101	509	23,500	SH		SOLE	0	0	0	23,500
ANI PHARMACEUTICALS INC	COM	00182C103	436	10,205	SH		SOLE	0	5	0	10,200
APOLLO COMMERCIAL RE FIN INC	COM	03762U105	573	33,923	SH		SOLE	0	167	0	33,756
ASSA ABLOY AB	COM	045387107	211	21,300	SH		SOLE	0	21,300	0	0
ARDMORE SHIPPING CORP	COM	Y0207T100	187	15,010	SH		SOLE	0	10	0	15,000
AVG TECHNOLOGIES NV	COM	N07831105	1,384	72,102	SH		SOLE	0	102	0	72,000
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	9,820	77,612	SH		SOLE	0	67,712	0	9,900
AUTOZONE INC	COM	053332102	3,897	4,985	SH		SOLE	0	4,025	0	960
BROOKFIELD ASSET MANAGEMENT	COM	112585104	3,999	116,112	SH		SOLE	0	96,012	0	20,100
BIOSYENT INC	COM	090690108	374	71,500	SH		SOLE	0	0	0	71,500
BALL CORP	COM	058498106	1,747	26,323	SH		SOLE	0	26,323	0	0
BANK OF MARIN BANCORP	COM	063425102	547	9,929	SH		SOLE	0	5	0	9,924
BRYN MAWR BANK CORP	COM	117665109	523	17,424	SH		SOLE	0	9	0	17,415
BIOSPECIFICS TECHNOLOGIES CP	COM	090931106	593	10,692	SH		SOLE	0	6	0	10,686
BT GROUP PLC	COM	05577E101	1,696	24,344	SH		SOLE	0	24,344	0	0
BRITISH AMER TOBACCO PLC	COM	110448107	1,790	15,667	SH		SOLE	0	15,667	0	0
BRITISH LAND CO PLC	COM	110828100	174	13,800	SH		SOLE	0	13,800	0	0
ANHEUSER-BUSCH INBEV	COM	03524A108	4,019	34,020	SH		SOLE	0	27,920	0	6,100
BREEZE-EASTERN CORP	COM	106764103	524	26,713	SH		SOLE	0	13	0	26,700
CHINA BIOLOGIC PRODUCTS INC	COM	16938C106	10,681	93,479	SH		SOLE	0	70,899	0	22,580
CBIZ INC	COM	124805102	661	63,058	SH		SOLE	0	32	0	63,026
CHASE CORP	COM	16150R104	692	15,735	SH		SOLE	0	8	0	15,727
CITY HOLDING CO	COM	177835105	550	10,868	SH		SOLE	0	57	0	10,811
COLLIERS INTL GROUP INC	COM	194693107	1,951	42,644	SH		SOLE	0	42,644	0	0
COMCAST CORP	COM	20030N101	1,585	26,001	SH		SOLE	0	26,001	0	0
COMPASS GROUP PLC	COM	20449X302	275	17,094	SH		SOLE	0	17,094	0	0
CHESAPEAKE UTILITIES CORP	COM	165303108	635	12,001	SH		SOLE	0	51	0	11,950
CROWN CRAFTS INC	COM	228309100	409	48,125	SH		SOLE	0	25	0	48,100
CISCO SYSTEMS INC	COM	17275R102	1,531	54,501	SH		SOLE	0	54,501	0	0
COMPUTER SERVICES INC	COM	20539A105	459	11,770	SH		SOLE	0	0	0	11,770
CVS HEALTH CORP	COM	126650100	3,124	32,027	SH		SOLE	0	25,427	0	6,600
DIAMOND HILL INVESTMENT GRP	COM	25264R207	536	2,714	SH		SOLE	0	14	0	2,700
DANAHER CORP	COM	235851102	4,016	42,188	SH		SOLE	0	33,718	0	8,470
DHI GROUP INC	COM	23331S100	692	71,405	SH		SOLE	0	35	0	71,370
DAITO TRUST CONSTRUCTION CO	COM	23405X209	251	9,700	SH		SOLE	0	9,700	0	0
DISNEY (WALT) CO	COM	254687106	3,604	31,063	SH		SOLE	0	24,733	0	6,330
DELPHI AUTOMOTIVE PLC	COM	G27823106	8,668	105,330	SH		SOLE	0	89,430	0	15,900
DELUXE CORP	COM	248019101	1,463	25,243	SH		SOLE	0	25,243	0	0
DUN & BRADSTREET CORP	COM	26483E100	1,495	13,515	SH		SOLE	0	13,515	0	0
AMDOCS	COM	G02602103	5,462	90,932	SH		SOLE	0	80,432	0	10,500
DESCARTES SYSTEMS GROUP INC	COM	249906108	1,102	59,000	SH		SOLE	0	0	0	59,000
DTS INC	COM	23335C101	536	17,309	SH		SOLE	0	9	0	17,300
ECOLAB INC	COM	278865100	1,711	14,800	SH		SOLE	0	14,800	0	0
ENTERPRISE FINL SERVICES CP	COM	293712105	590	19,709	SH		SOLE	0	9	0	19,700
EQUIFAX INC	COM	294429105	3,670	35,211	SH		SOLE	0	27,911	0	7,300
ENGHOUSE SYSTEMS LTD	COM	292949104	497	11,000	SH		SOLE	0	0	0	11,000
GOEASY LTD	COM	380355107	368	28,500	SH		SOLE	0	0	0	28,500
EMC INSURANCE GROUP INC	COM	268664109	487	19,570	SH		SOLE	0	10	0	19,560
ENAGAS SA	COM	29248L104	174	11,800	SH		SOLE	0	11,800	0	0
ESCALADE INC	COM	296056104	479	34,747	SH		SOLE	0	18	0	34,729
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	3,528	40,242	SH		SOLE	0	31,442	0	8,800
EVERYDAY HEALTH INC	COM	300415106	614	59,963	SH		SOLE	0	26	0	59,937
FACTSET RESEARCH SYSTEMS INC	COM	303075105	1,975	11,430	SH		SOLE	0	11,430	0	0
FINANCIAL INSTITUTIONS INC	COM	317585404	584	21,637	SH		SOLE	0	11	0	21,626
FISERV INC	COM	337738108	3,968	41,769	SH		SOLE	0	33,247	0	8,522
FLY LEASING LTD -ADR	COM	34407D109	457	34,912	SH		SOLE	0	412	0	34,500
FRESENIUS MEDICAL CARE AG&CO	COM	358029106	1,936	45,171	SH		SOLE	0	45,171	0	0
FEDERATED NATIONAL HLDG CO	COM	31422T101	595	19,334	SH		SOLE	0	10	0	19,324
FONAR CORP	COM	344437405	570	36,870	SH		SOLE	0	20	0	36,850
FRESENIUS SE & CO KGAA	COM	35804M105	287	15,950	SH		SOLE	0	15,950	0	0
FIRST WEST VIRGINIA BANCORP	COM	337493100	343	18,393	SH		SOLE	0	0	0	18,393
GOLUB CAPITAL BDC INC	COM	38173M102	461	27,159	SH		SOLE	0	160	0	26,999
GENERAL DYNAMICS CORP	COM	369550108	3,395	23,491	SH		SOLE	0	18,581	0	4,910
CGI GROUP INC -CL A	COM	39945C109	3,949	99,254	SH		SOLE	0	81,854	0	17,400
GIGOPTIX INC	COM	37517Y103	514	201,373	SH		SOLE	0	73	0	201,300
GILEAD SCIENCES INC	COM	375558103	3,454	32,141	SH		SOLE	0	25,791	0	6,350
GLOBANT SA	COM	L44385109	572	16,565	SH		SOLE	0	84	0	16,481
GRUMA SAB DE CV	COM	400131306	550	9,131	SH		SOLE	0	2,331	0	6,800
GP STRATEGIES CORP	COM	36225V104	532	20,319	SH		SOLE	0	10	0	20,309
GREAT SOUTHERN BANCORP	COM	390905107	641	12,406	SH		SOLE	0	6	0	12,400
GRAY TELEVISION INC	COM	389375106	558	34,276	SH		SOLE	0	195	0	34,081
HCI GROUP INC	COM	40416E103	604	14,562	SH		SOLE	0	142	0	14,420
HACKETT GROUP INC	COM	404609109	819	52,212	SH		SOLE	0	29	0	52,183
HDFC BANK LTD	COM	40415F101	570	9,682	SH		SOLE	0	2,182	0	7,500
HENKEL AG & CO KGAA	COM	42550U109	283	3,200	SH		SOLE	0	3,200	0	0
HINGHAM INSTN FOR SAVINGS	COM	433323102	669	5,003	SH		SOLE	0	3	0	5,000
HUANENG POWER INTERNATIONAL	COM	443304100	1,576	38,008	SH		SOLE	0	38,008	0	0
HONEYWELL INTERNATIONAL INC	COM	438516106	1,743	17,000	SH		SOLE	0	17,000	0	0
HARRIS CORP	COM	413875105	1,542	19,500	SH		SOLE	0	19,500	0	0
HERITAGE INSURANCE HOLDINGS	COM	42727J102	683	28,715	SH		SOLE	0	15	0	28,700
SCHEIN (HENRY) INC	COM	806407102	1,673	11,011	SH		SOLE	0	11,011	0	0
HESKA CORP	COM	42805E306	522	16,609	SH		SOLE	0	9	0	16,600
INDUSTRIAS BACHOCO SAB DE CV	COM	456463108	1,586	30,258	SH		SOLE	0	30,258	0	0
ICON plc	COM	G4705A100	1,625	23,545	SH		SOLE	0	23,545	0	0
INDUSTRIAL & COMM BANKCHINA	COM	455807107	172	13,900	SH		SOLE	0	13,900	0	0
INFUSYSTEM HOLDINGS INC	COM	45685K102	438	157,517	SH		SOLE	0	87	0	157,430
INFOSYS LTD	COM	456788108	752	42,913	SH		SOLE	0	17,613	0	25,300
INUVO INC	COM	46122W204	553	177,900	SH		SOLE	0	0	0	177,900
GARTNER INC	COM	366651107	1,638	19,019	SH		SOLE	0	19,019	0	0
ITV PLC	COM	45069P107	202	5,200	SH		SOLE	0	5,200	0	0
HENRY (JACK) & ASSOCIATES	COM	426281101	1,681	21,523	SH		SOLE	0	21,523	0	0
JOHNSON & JOHNSON	COM	478160104	3,102	30,827	SH		SOLE	0	24,477	0	6,350
KADANT INC	COM	48282T104	550	13,712	SH		SOLE	0	7	0	13,705
KDDI CORP	COM	48667L106	196	16,300	SH		SOLE	0	16,300	0	0
KFORCE INC	COM	493732101	442	16,500	SH		SOLE	0	101	0	16,399
MULTI-COLOR CORP	COM	625383104	471	7,141	SH		SOLE	0	35	0	7,106
LANDMARK BANCORP INC/KS	COM	51504L107	557	20,445	SH		SOLE	0	11	0	20,434
LAZARD LTD	COM	G54050102	1,355	29,301	SH		SOLE	0	29,301	0	0
LEAR CORP	COM	521865204	1,919	15,555	SH		SOLE	0	9,655	0	5,900
LHC GROUP INC	COM	50187A107	588	12,359	SH		SOLE	0	59	0	12,300
LIONBRIDGE TECHNOLOGIES INC	COM	536252109	508	97,450	SH		SOLE	0	50	0	97,400
LAKELAND FINANCIAL CORP	COM	511656100	559	11,788	SH		SOLE	0	59	0	11,729
LYONDELLBASELL INDUSTRIES NV	COM	N53745100	5,832	61,588	SH		SOLE	0	45,308	0	16,280
MASTERCARD INC	COM	57636Q104	4,005	40,035	SH		SOLE	0	32,035	0	8,000
MOODY`S CORP	COM	615369105	2,916	29,153	SH		SOLE	0	23,753	0	5,400
MEDTRONIC PLC	COM	G5960L103	3,035	40,198	SH		SOLE	0	32,498	0	7,700
MCGRAW HILL FINANCIAL	COM	580645109	1,404	14,600	SH		SOLE	0	14,600	0	0
MESA LABORATORIES INC	COM	59064R109	542	4,841	SH		SOLE	0	3	0	4,838
MIND CTI LTD	COM	M70240102	452	172,590	SH		SOLE	0	90	0	172,500
MARKIT LTD	COM	G58249106	7,909	263,355	SH		SOLE	0	220,955	0	42,400
MAINSOURCE FINL GROUP INC	COM	56062Y102	604	26,313	SH		SOLE	0	13	0	26,300
MICROSOFT CORP	COM	594918104	3,346	62,083	SH		SOLE	0	51,623	0	10,460
MOTOROLA SOLUTIONS INC	COM	620076307	1,523	22,350	SH		SOLE	0	22,350	0	0
MITSUBISHI UFJ FINANCIAL GRP	COM	606822104	1,344	204,300	SH		SOLE	0	204,300	0	0
NATURAL HEALTH TRENDS CORP	COM	63888P406	834	16,062	SH		SOLE	0	8	0	16,054
NAUTILUS INC	COM	63910B102	561	29,014	SH		SOLE	0	14	0	29,000
NORWEGIAN FINANS HLD ASA	COM	BNH7Q17	1,896	386,563	SH		SOLE	0	264,820	0	121,743
NEENAH PAPER INC	COM	640079109	482	7,223	SH		SOLE	0	43	0	7,180
NATIONAL PRESTO INDS INC	COM	637215104	599	6,703	SH		SOLE	0	3	0	6,700
NEOPHOTONICS CORP	COM	64051T100	492	52,027	SH		SOLE	0	27	0	52,000
NATIONAL SEC GROUP INC	COM	637546102	443	32,774	SH		SOLE	0	19	0	32,755
NESTLE SA/AG	COM	641069406	294	3,941	SH		SOLE	0	3,941	0	0
NETEASE INC	COM	64110W102	1,001	6,833	SH		SOLE	0	3,633	0	3,200
NIPPON TELEGRAPH & TELEPHONE	COM	654624105	2,017	52,280	SH		SOLE	0	52,280	0	0
NV5 HOLDINGS INC	COM	62945V109	596	26,213	SH		SOLE	0	13	0	26,200
NOVA LIFESTYLE INC	COM	66979P102	507	225,220	SH		SOLE	0	126	0	225,094
NOVA MEASURING INSTRUMENTS	COM	M7516K103	401	37,019	SH		SOLE	0	19	0	37,000
NOVO NORDISK A/S	COM	670100205	1,971	36,653	SH		SOLE	0	36,653	0	0
NOVARTIS AG	COM	66987V109	1,874	21,240	SH		SOLE	0	21,240	0	0
NEWELL RUBBERMAID INC	COM	651229106	1,629	37,480	SH		SOLE	0	23,180	0	14,300
NEW YORK MORTGAGE TRUST INC	COM	649604501	549	100,142	SH		SOLE	0	43	0	100,099
OMEGA FLEX INC	COM	682095104	559	14,206	SH		SOLE	0	6	0	14,200
OMNICOM GROUP	COM	681919106	3,597	49,660	SH		SOLE	0	39,140	0	10,520
ORACLE CORP	COM	68389X105	1,366	34,111	SH		SOLE	0	34,111	0	0
PETROLEO BRASILEIRO SA- PETR	COM	71654V408	258	53,000	SH		SOLE	0	53,000	0	0
PUBLIC SERVICE ENTRP GRP INC	COM	744573106	3,205	82,722	SH		SOLE	0	65,322	0	17,400
PEPSICO INC	COM	713448108	3,400	34,441	SH		SOLE	0	27,621	0	6,820
PETMED EXPRESS INC	COM	716382106	516	30,715	SH		SOLE	0	15	0	30,700
PFIZER INC	COM	717081103	3,306	98,824	SH		SOLE	0	78,234	0	20,590
DOUGLAS DYNAMICS INC	COM	25960R105	673	30,654	SH		SOLE	0	254	0	30,400
EPLUS INC	COM	294268107	724	7,504	SH		SOLE	0	4	0	7,500
PERFICIENT INC	COM	71375U101	562	33,416	SH		SOLE	0	16	0	33,400
PRUDENTIAL PLC	COM	74435K204	267	5,700	SH		SOLE	0	5,700	0	0
PENNS WOODS BANCORP INC	COM	708430103	458	10,375	SH		SOLE	0	5	0	10,370
PZENA INVESTMENT MANAGEMENT	COM	74731Q103	599	62,629	SH		SOLE	0	29	0	62,600
QATAR ELECT & WATER	COM	6566614	887	15,240	SH		SOLE	0	8,940	0	6,300
QATAR NAT NAVIGAT	COM	6148205	935	34,770	SH		SOLE	0	20,270	0	14,500
DR REDDY`S LABORATORIES LTD	COM	256135203	2,116	40,037	SH		SOLE	0	34,137	0	5,900
EVEREST RE GROUP LTD	COM	G3223R108	1,524	8,469	SH		SOLE	0	8,469	0	0
REIS INC	COM	75936P105	554	22,524	SH		SOLE	0	12	0	22,512
RELX NV	COM	75955B102	2,048	122,267	SH		SOLE	0	122,267	0	0
REX AMERICAN RESOURCES CORP	COM	761624105	587	10,005	SH		SOLE	0	5	0	10,000
ROPER TECHNOLOGIES INC	COM	776696106	3,915	21,151	SH		SOLE	0	16,751	0	4,400
RPX CORP	COM	74972G103	509	36,298	SH		SOLE	0	198	0	36,100
RAND WORLDWIDE INC	COM	752246108	531	229,977	SH		SOLE	0	0	0	229,977
SAP SE	COM	803054204	7,387	94,330	SH		SOLE	0	79,609	0	14,721
SOUTHSIDE BANCSHARES INC	COM	84470P109	526	18,440	SH		SOLE	0	101	0	18,339
SCICLONE PHARMACEUTICALS INC	COM	80862K104	592	74,338	SH		SOLE	0	38	0	74,300
SCOR SE	COM	80917Q106	205	53,000	SH		SOLE	0	53,000	0	0
STONEGATE BANK/FL	COM	861811107	568	17,109	SH		SOLE	0	9	0	17,100
SUPERIOR UNIFORM GROUP INC	COM	868358102	468	27,022	SH		SOLE	0	16	0	27,006
SILICON MOTION TECH -ADR	COM	82706C108	2,683	85,078	SH		SOLE	0	19,978	0	65,100
SKY PLC	COM	83084V106	2,036	31,321	SH		SOLE	0	31,321	0	0
SL INDUSTRIES INC	COM	784413106	418	12,458	SH		SOLE	0	6	0	12,452
SNAM SPA	COM	78460A106	158	15,400	SH		SOLE	0	15,400	0	0
SYNOPSYS INC	COM	871607107	3,829	75,117	SH		SOLE	0	59,817	0	15,300
SIMON PROPERTY GROUP INC	COM	828806109	3,633	19,048	SH		SOLE	0	15,048	0	4,000
SILICONWARE PRECISION INDS	COM	827084864	898	132,296	SH		SOLE	0	78,396	0	53,900
SENSATA TECHNOLOGIES HLDG NV	COM	N7902X106	11,484	241,420	SH		SOLE	0	202,300	0	39,120
STRATTEC SECURITY CORP	COM	863111100	451	7,385	SH		SOLE	0	4	0	7,381
STOCK YARDS BANCORP INC	COM	861025104	618	15,508	SH		SOLE	0	8	0	15,500
TARO PHARMACEUTICL INDS LTD	COM	M8737E108	8,745	62,387	SH		SOLE	0	52,617	0	9,770
TRICO BANCSHARES	COM	896095106	513	18,321	SH		SOLE	0	9	0	18,312
TE CONNECTIVITY LTD	COM	H84989104	8,148	123,479	SH		SOLE	0	105,035	0	18,444
TEVA PHARMACEUTICALS	COM	881624209	10,848	182,014	SH		SOLE	0	152,032	0	29,982
TOYOTA MOTOR CORP	COM	892331307	2,523	20,693	SH		SOLE	0	20,693	0	0
TRAVELERS COS INC	COM	89417E109	1,579	14,033	SH		SOLE	0	8,733	0	5,300
TAIWAN SEMICONDUCTOR MFG CO	COM	874039100	6,254	273,588	SH		SOLE	0	225,188	0	48,400
TOTAL SYSTEM SERVICES INC	COM	891906109	1,755	33,634	SH		SOLE	0	33,634	0	0
TEXAS INSTRUMENTS INC	COM	882508104	1,544	27,000	SH		SOLE	0	27,000	0	0
UNITED DEV FUNDING IV	COM	910187103	496	28,210	SH		SOLE	0	10	0	28,200
NET 1 UEPS TECHNOLOGIES INC	COM	64107N206	2,620	156,323	SH		SOLE	0	106,033	0	50,290
UGI CORP	COM	902681105	1,482	42,866	SH		SOLE	0	42,866	0	0
UNILEVER PLC	COM	904767704	1,941	45,369	SH		SOLE	0	45,369	0	0
UNITED MICROELECTRONICS CORP	COM	910873405	26	13,600	SH		SOLE	0	13,600	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	3,389	29,886	SH		SOLE	0	24,196	0	5,690
U S PHYSICAL THERAPY INC	COM	90337L108	699	13,714	SH		SOLE	0	7	0	13,707
UTAH MEDICAL PRODUCTS INC	COM	917488108	473	8,260	SH		SOLE	0	4	0	8,256
UNIVERSAL INSURANCE HLDGS	COM	91359V107	663	20,896	SH		SOLE	0	271	0	20,625
UNIVEST CORP OF PENNSYLVANIA	COM	915271100	338	16,406	SH		SOLE	0	6	0	16,400
VISA INC	COM	92826C839	1,632	21,001	SH		SOLE	0	21,001	0	0
VINCI SA	COM	927320101	198	12,000	SH		SOLE	0	12,000	0	0
VERISK ANALYTICS INC	COM	92345Y106	3,019	43,302	SH		SOLE	0	34,672	0	8,630
VERIZON COMMUNICATIONS INC	COM	92343V104	1,315	29,100	SH		SOLE	0	29,100	0	0
WASHINGTON TR BANCORP INC	COM	940610108	537	13,267	SH		SOLE	0	67	0	13,200
WABCO HOLDINGS INC	COM	92927K102	8,082	73,150	SH		SOLE	0	61,750	0	11,400
WESTWOOD HOLDINGS GROUP INC	COM	961765104	503	8,646	SH		SOLE	0	4	0	8,642
WINMARK CORP	COM	974250102	690	6,900	SH		SOLE	0	4	0	6,896
WIPRO LTD	COM	97651M109	497	41,800	SH		SOLE	0	9,700	0	32,100
WNS (HOLDINGS) LTD -ADR	COM	92932M101	546	16,765	SH		SOLE	0	3,765	0	13,000
WPP PLC	COM	92937A102	2,139	19,045	SH		SOLE	0	19,045	0	0
WSFS FINANCIAL CORP	COM	929328102	539	16,197	SH		SOLE	0	97	0	16,100
WAYSIDE TECHNOLOGY GROUP INC	COM	946760105	503	26,724	SH		SOLE	0	16	0	26,708
WEST BANCORPORATION INC	COM	95123P106	568	27,924	SH		SOLE	0	14	0	27,910
WOLTERS KLUWER NV	COM	977874205	375	10,909	SH		SOLE	0	10,909	0	0
ZAGG INC	COM	98884U108	767	78,435	SH		SOLE	0	35	0	78,400