Affinity Investment Advisors 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
3M CO COM	COM	88579Y101	382	1,835	SH		SOLE		1,835	0	0
AARONS INC	COM	002535300	259	6,667	SH		SOLE		6,667	0	0
ABBVIE INC	COM	00287Y109	658	9,068	SH		SOLE		2,958	0	6,110
AES CORP	COM	00130H105	347	31,256	SH		SOLE		0	0	31,256
AETNA INC	COM	00817Y108	13,693	90,185	SH		SOLE		55,722	0	34,463
AIRCASTLE LTD	COM	G0129K104	240	11,015	SH		SOLE		11,015	0	0
ALASKA AIR GROUP	COM	011659109	2,450	27,298	SH		SOLE		1,108	0	26,190
ALLERGAN INC	COM	G0177J108	11,420	46,979	SH		SOLE		27,096	0	19,883
ALLSTATE CORP	COM	020002101	4,493	50,800	SH		SOLE		50,800	0	0
ALPHABET INC CLASS A	COM	02079K305	362	389	SH		SOLE		365	0	24
ALTRIA GROUP INC	COM	02209S103	12,722	170,837	SH		SOLE		100,394	0	70,443
AMERICAN ELECTRIC POWER INC.	COM	025537101	7,509	108,088	SH		SOLE		62,918	0	45,170
AMERICAN EXPRESS	COM	025816109	10,879	129,143	SH		SOLE		75,069	0	54,074
AMGEN INC	COM	031162100	11,059	64,210	SH		SOLE		40,897	0	23,313
ANTHEM INC	COM	036752103	483	2,570	SH		SOLE		2,570	0	0
APPLE INC	COM	037833100	20,623	143,193	SH		SOLE		91,383	0	51,810
APPLIED MATERIALS	COM	038222105	6,093	147,483	SH		SOLE		66,664	0	80,819
ATT INC COM	COM	00206R102	12,530	332,090	SH		SOLE		187,614	0	144,476
BANK OF AMERICA CORP	COM	060505104	24,747	1,020,065	SH		SOLE		588,807	0	431,258
BANK OF THE OZARKS INC	COM	063904106	234	5,003	SH		SOLE		5,003	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	2,240	39,290	SH		SOLE		1,820	0	37,470
BEST BUY CO INC	COM	086516101	2,288	39,916	SH		SOLE		2,380	0	37,536
BLUCORA, INC	COM	095229100	245	11,571	SH		SOLE		11,571	0	0
BLUEBIRD BIO INC	COM	09609G100	246	2,339	SH		SOLE		2,339	0	0
BOEING CO	COM	097023105	15,060	76,155	SH		SOLE		45,584	0	30,571
BORG WARNER INC	COM	099724106	215	5,070	SH		SOLE		5,070	0	0
BROADCOM LIMITED	COM	Y09827109	10,251	43,987	SH		SOLE		27,033	0	16,954
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	2,135	28,250	SH		SOLE		1,780	0	26,470
BUNGE LTD	COM	G16962105	12,329	165,268	SH		SOLE		84,024	0	81,244
CAMPING WORLD HOLDINGS INC	COM	13462K109	208	6,751	SH		SOLE		6,751	0	0
CB RICHARD ELLIS GROUP INC	COM	12504L109	10,889	299,152	SH		SOLE		187,063	0	112,089
CELANESE CORPORATION	COM	150870103	11,813	124,422	SH		SOLE		62,770	0	61,652
CELGENE CORP	COM	151020104	10,516	80,971	SH		SOLE		48,137	0	32,834
CENTENE CORPORATION	COM	15135B101	2,285	28,609	SH		SOLE		1,344	0	27,265
CENTURYLINK INC	COM	156700106	732	30,660	SH		SOLE		900	0	29,760
CHARLES RIVER LABS INTL INC	COM	159864107	2,136	21,120	SH		SOLE		610	0	20,510
CHEVRON CORP	COM	166764100	16,452	157,692	SH		SOLE		94,019	0	63,673
CHILDREN'S PLACE INC	COM	168905107	208	2,036	SH		SOLE		2,036	0	0
CIRRUS LOGIC INC	COM	172755100	285	4,551	SH		SOLE		4,551	0	0
CISCO SYS INC COM	COM	17275R102	14,339	458,111	SH		SOLE		270,540	0	187,571
COMFORT SYSTEMS USA	COM	199908104	209	5,622	SH		SOLE		5,622	0	0
CONNECTONE BANCORP INC COM	COM	20786W107	205	9,084	SH		SOLE		9,084	0	0
CONSTELLATION BRANDS INC CL A	COM	21036P108	12,768	65,906	SH		SOLE		38,621	0	27,285
CSX CORP	COM	126408103	436	8,000	SH		SOLE		8,000	0	0
CUMMINS INC	COM	231021106	2,578	15,890	SH		SOLE		760	0	15,130
DEERE & CO	COM	244199105	11,335	91,713	SH		SOLE		54,763	0	36,950
DELTA AIRLINES	COM	247361702	15,572	289,773	SH		SOLE		168,640	0	121,133
DELUXE CORP	COM	248019101	266	3,847	SH		SOLE		3,847	0	0
DICK'S SPORTING GOODS INC	COM	253393102	4,290	107,716	SH		SOLE		48,287	0	59,429
DOW CHEMICAL CO	COM	260543103	11,846	187,820	SH		SOLE		112,996	0	74,824
DTE ENERGY	COM	233331107	2,270	21,460	SH		SOLE		460	0	21,000
DXC TECHNOLOGY CO	COM	23355l106	11,130	145,069	SH		SOLE		88,104	0	56,965
EL PASO ELECTRIC CO	COM	283677854	240	4,644	SH		SOLE		4,644	0	0
ENOVA INTERNATIONAL, INC	COM	29357K103	227	15,279	SH		SOLE		15,279	0	0
ENSIGN GROUP INC	COM	29358P101	259	11,918	SH		SOLE		11,918	0	0
ENTERGY CORP	COM	29364G103	2,130	27,750	SH		SOLE		1,170	0	26,580
ESSENT GROUP LTD	COM	G3198U102	277	7,454	SH		SOLE		7,454	0	0
EXACT SCIENCES CORPORATION	COM	30063P105	396	11,209	SH		SOLE		11,209	0	0
EXELON CORP	COM	30161N101	8,492	235,422	SH		SOLE		131,802	0	103,620
EXXON MOBIL CORP	COM	30231G102	24,486	303,312	SH		SOLE		173,307	0	130,005
FACEBOOK INC	COM	30303M102	7,536	49,912	SH		SOLE		32,191	0	17,721
FERRO CORP COM	COM	315405100	301	16,474	SH		SOLE		16,474	0	0
FIFTH THIRD BANCORP	COM	316773100	2,111	81,310	SH		SOLE		2,720	0	78,590
FINISAR CORPORATION	COM	31787A507	218	8,374	SH		SOLE		8,374	0	0
FIRST DATA CORP	COM	32008D106	2,458	135,050	SH		SOLE		5,190	0	129,860
FOOTLOCKER INC	COM	344849104	8,333	169,085	SH		SOLE		82,333	0	86,752
GAMING AND LEISURE PROPERTIES	COM	36467J108	2,531	67,180	SH		SOLE		3,070	0	64,110
GAP STORES	COM	364760108	3,530	160,540	SH		SOLE		103,471	0	57,069
GENERAL ELEC CO	COM	369604103	10,923	404,395	SH		SOLE		237,895	0	166,500
GENERAL MOTORS	COM	37045V100	8,374	239,745	SH		SOLE		147,378	0	92,367
GOLDMAN SACHS GROUP INC COM	COM	38141G104	14,870	67,013	SH		SOLE		38,542	0	28,471
GRAND CANYON ED INC COM	COM	38526M106	223	2,840	SH		SOLE		2,840	0	0
GREAT WESTERN BANCORP	COM	391416104	273	6,688	SH		SOLE		6,688	0	0
HALLIBURTON CO	COM	406216101	4,427	103,658	SH		SOLE		51,768	0	51,890
HARTFORD FINL SVCS	COM	416515104	13,290	252,812	SH		SOLE		148,224	0	104,588
HEALTHSOUTH CORPORATION	COM	421924309	306	6,325	SH		SOLE		6,325	0	0
HEARTLAND FINANCIAL USA INC	COM	42234Q102	218	4,633	SH		SOLE		4,633	0	0
HESS CORP	COM	42809H107	1,672	38,103	SH		SOLE		5,373	0	32,730
HOLLYFRONTIER CORPORATION	COM	436106108	1,557	56,680	SH		SOLE		2,480	0	54,200
HOME DEPOT INC	COM	437076102	13,294	86,664	SH		SOLE		53,273	0	33,391
HOSPITALITY PROPERTIES TRUST	COM	44106M102	2,075	71,180	SH		SOLE		3,440	0	67,740
ILG INC COM	COM	44967H101	340	12,352	SH		SOLE		12,352	0	0
INGREDION INC COM	COM	457187102	12,437	104,328	SH		SOLE		53,099	0	51,229
INNOVIVA, INC	COM	45781M101	241	18,826	SH		SOLE		18,826	0	0
INTEL CORP	COM	458140100	13,301	394,229	SH		SOLE		244,498	0	149,731
ISHARES BARCLAYS AGGREGATE BON	COM	464287226	2,549	23,275	SH		SOLE		23,275	0	0
ISTAR INC COM	COM	45031U101	248	20,583	SH		SOLE		20,583	0	0
JANUS GLOBAL UNCONSTRAINED BON	COM	47103D439	1,598	165,809	SH		SOLE		165,809	0	0
JOHNSON JOHNSON	COM	478160104	304	2,295	SH		SOLE		2,295	0	0
JOHNSON CONTROLS PLC	COM	G51502105	8,419	194,170	SH		SOLE		116,132	0	78,038
JONES LANG LASALLE INC	COM	48020Q107	2,346	18,765	SH		SOLE		655	0	18,110
JPMORGAN CHASE & CO	COM	46625H100	29,404	321,702	SH		SOLE		184,627	0	137,075
JUNIPER NETWORKS INC	COM	48203R104	2,020	72,450	SH		SOLE		1,970	0	70,480
KEYCORP	COM	493267108	11,852	632,431	SH		SOLE		302,231	0	330,200
LABORATORY CORP AMER HLDGS	COM	50540R409	2,180	14,140	SH		SOLE		410	0	13,730
LAM RESEARCH CORPORATION	COM	512807108	2,580	18,239	SH		SOLE		1,631	0	16,608
LAREDO PETROLEUM, INC	COM	516806106	1,143	108,603	SH		SOLE		5,803	0	102,800
LEAR CORP	COM	521865204	1,718	12,095	SH		SOLE		565	0	11,530
LENNAR CORP	COM	526057104	13,722	257,346	SH		SOLE		133,795	0	123,551
LINCOLN NATIONAL CORP	COM	534187109	13,142	194,473	SH		SOLE		117,256	0	77,217
MANPOWERGROUP INC	COM	56418H100	8,095	72,504	SH		SOLE		35,464	0	37,040
MARATHON PETROLEUM CORP	COM	56585A102	10,539	201,393	SH		SOLE		120,203	0	81,190
MASCO CORP	COM	574599106	8,481	221,962	SH		SOLE		86,362	0	135,600
MAXLINEAR INC	COM	57776J100	236	8,446	SH		SOLE		8,446	0	0
MCDONALDS CORP	COM	580135101	6,633	43,308	SH		SOLE		25,247	0	18,061
MCKESSON CORP	COM	58155Q103	10,309	62,653	SH		SOLE		37,568	0	25,085
MEDICAL PROPERTIES TRUST	COM	58463J304	248	19,266	SH		SOLE		19,266	0	0
MERCK & CO INC	COM	58933Y105	308	4,800	SH		SOLE		4,800	0	0
METHODE ELECTRS INC COM	COM	591520200	266	6,462	SH		SOLE		6,462	0	0
METTLER TOLEDO INTL INC	COM	592688105	2,284	3,880	SH		SOLE		190	0	3,690
MFA FINANCIAL INC	COM	55272X102	1,820	216,970	SH		SOLE		9,450	0	207,520
MICROSOFT CORP	COM	594918104	420	6,100	SH		SOLE		6,100	0	0
MKS INSTRUMENT INC	COM	55306N104	260	3,864	SH		SOLE		3,864	0	0
NETAPP INC COM	COM	64110D104	2,019	50,420	SH		SOLE		2,440	0	47,980
NEW RESIDENTIAL INVESTMENT COR	COM	64828T201	265	17,003	SH		SOLE		17,003	0	0
OLIN CORP	COM	680665205	299	9,891	SH		SOLE		9,891	0	0
OM ASSET MANAGEMENT PLC	COM	G67506108	274	18,411	SH		SOLE		18,411	0	0
OMEGA HEALTHCARE INVESTORS	COM	681936100	2,207	66,840	SH		SOLE		2,590	0	64,250
ON ASSIGNMENT INC	COM	682159108	333	6,144	SH		SOLE		6,144	0	0
PENSKE AUTOMOTIVE GROUP, INC.	COM	70959W103	1,666	37,950	SH		SOLE		1,500	0	36,450
PFIZER INC	COM	717081103	17,834	530,944	SH		SOLE		306,835	0	224,109
PG&E CORP	COM	69331C108	12,395	186,761	SH		SOLE		112,211	0	74,550
PHILLIPS VAN HEUSEN CORP	COM	693656100	1,979	17,280	SH		SOLE		820	0	16,460
PNC FINANCIAL SERVICES GROUP	COM	693475105	11,144	89,247	SH		SOLE		52,120	0	37,127
PPL CORP	COM	69351T106	6,049	156,455	SH		SOLE		59,750	0	96,705
PREFERRED BANK	COM	740367404	215	4,016	SH		SOLE		4,016	0	0
PRINCIPAL FINL GROUP	COM	74251V102	2,111	32,950	SH		SOLE		1,650	0	31,300
PRUDENTIAL FINANCIAL INC	COM	744320102	10,329	95,516	SH		SOLE		37,811	0	57,705
PULTE CORP	COM	745867101	7,568	308,522	SH		SOLE		180,072	0	128,450
RAYTHEON CO	COM	755111507	905	5,604	SH		SOLE		5,547	0	57
ROYAL CARIBBEAN CRUISES LTD SH	COM	V7780T103	2,623	24,010	SH		SOLE		1,050	0	22,960
SANDERSON ANDERSON FARMS INC	COM	800013104	221	1,915	SH		SOLE		1,915	0	0
SANMINA CORP	COM	801056102	236	6,196	SH		SOLE		6,196	0	0
SCHNITZER STEEL INDUSTRIES INC	COM	806882106	229	9,097	SH		SOLE		9,097	0	0
SIMPSON MANUFACTURING CO	COM	829073105	200	4,580	SH		SOLE		4,580	0	0
SKYWEST INC	COM	830879102	245	6,979	SH		SOLE		6,979	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	5,704	59,448	SH		SOLE		25,713	0	33,735
SOUTHWEST AIRLINES	COM	844741108	228	3,665	SH		SOLE		3,665	0	0
STATE NATIONAL COMPANIES, INC	COM	85711T305	327	17,773	SH		SOLE		17,773	0	0
STATE STREET CORP	COM	857477103	219	2,446	SH		SOLE		2,446	0	0
STEEL DYNAMICS	COM	858119100	2,004	55,974	SH		SOLE		2,094	0	53,880
SUCAMPO PHARMACEUTICALS, INC	COM	864909106	233	22,199	SH		SOLE		22,199	0	0
SUN HYDRAULICS CORP	COM	866942105	247	5,779	SH		SOLE		5,779	0	0
SUNTRUST BANKS INC	COM	867914103	16,595	292,574	SH		SOLE		152,950	0	139,624
SYMANTEC CORP COM	COM	871503108	6,839	242,095	SH		SOLE		143,275	0	98,820
SYSCO CORP	COM	871829107	3,803	75,568	SH		SOLE		50,470	0	25,098
TESORO CORP	COM	881609101	2,252	24,060	SH		SOLE		1,500	0	22,560
THOR INDUSTRIES	COM	885160101	1,557	14,893	SH		SOLE		1,563	0	13,330
TIME WARNER INC	COM	887317303	281	2,800	SH		SOLE		2,800	0	0
TIMKEN	COM	887389104	2,505	54,170	SH		SOLE		2,600	0	51,570
TRAVELPORT WORLDWIDE LIMITED	COM	G9019D104	283	20,581	SH		SOLE		20,581	0	0
TRI POINTE GROUP	COM	87265H109	272	20,629	SH		SOLE		20,629	0	0
TUPPERWARE BRANDS CORP	COM	899896104	2,757	39,251	SH		SOLE		14,061	0	25,190
UNITED RENTALS INC COM	COM	911363109	7,021	62,297	SH		SOLE		27,237	0	35,060
UNITEDHEALTH GROUP INC	COM	91324P102	11,985	64,635	SH		SOLE		38,814	0	25,821
UNUM CORP	COM	91529Y106	2,022	43,370	SH		SOLE		2,450	0	40,920
US BANCORP (NEW)	COM	902973304	213	4,100	SH		SOLE		4,100	0	0
VALERO ENERGY CORP COM	COM	91913Y100	10,980	162,759	SH		SOLE		101,446	0	61,313
VECTREN CORP	COM	92240G101	238	4,070	SH		SOLE		4,070	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	5,990	134,114	SH		SOLE		80,700	0	53,414
WABASH NATIONAL CORP	COM	929566107	301	13,676	SH		SOLE		13,676	0	0
WALMART STORES INC	COM	931142103	251	3,311	SH		SOLE		3,311	0	0
WALT DISNEY CO	COM	254687106	10,218	96,172	SH		SOLE		54,833	0	41,339
WASHINGTON TR BANCORP COM	COM	940610108	221	4,285	SH		SOLE		4,285	0	0
WESTERN DIGITAL CORP	COM	958102105	11,585	130,758	SH		SOLE		64,245	0	66,513
WYNDHAM WORLDWIDE CORP	COM	98310W108	11,795	117,466	SH		SOLE		60,517	0	56,949
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	2,316	18,040	SH		SOLE		540	0	17,500
ZIONS BANC CORP	COM	989701107	2,069	47,110	SH		SOLE		2,520	0	44,590