Foundry Partners 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
APOLLO COMM REAL ESTATE	REIT	03762U105	4,042	223,202	SH		SOLE		62,318	0	160,884
ASHFORD HOSPITALITY TR COM SHS	REIT	044103109	7,155	1,072,670	SH		SOLE		299,493	0	773,177
BRANDYWINE REALTY TRUST	REIT	105368203	18,203	1,040,769	SH		SOLE		293,332	0	747,437
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	5,877	217,980	SH		SOLE		106,805	0	111,175
CONDOR HOSPITALITY	REIT	20676Y403	2,251	215,400	SH		SOLE		105,055	0	110,345
DDR CORP	REIT	23317H102	3,284	358,470	SH		SOLE		282,170	0	76,300
DIAMONDROCK HOSPITALITY	REIT	252784301	278	25,420	SH		SOLE		10,250	0	15,170
GEO GROUP INC	REIT	36162J106	9,567	355,653	SH		SOLE		91,097	0	264,556
HOSPITALITY PROPERTIES TRUST	REIT	44106M102	4,413	154,897	SH		SOLE		43,774	0	111,123
INDEPENDENCE REALTY TRUST	REIT	45378A106	7,637	750,900	SH		SOLE		384,125	0	366,775
KIMCO REALTY CORP	REIT	49446R109	7,603	388,900	SH		SOLE		306,075	0	82,825
LEXINGTON REALTY TRUST	REIT	529043101	11,218	1,097,691	SH		SOLE		310,243	0	787,448
MACK CALI RLTY CORP COM	REIT	554489104	12,092	510,004	SH		SOLE		143,250	0	366,754
MEDEQUITIES REALTY TRUST	REIT	58409L306	6,189	526,740	SH		SOLE		270,835	0	255,905
MEDICAL PROPERTIES TRUST INC	REIT	58463J304	10,047	765,179	SH		SOLE		213,201	0	551,978
SELECT INCOME REIT	REIT	81618T100	6,331	270,324	SH		SOLE		76,528	0	193,796
SUNSTONE HOTEL INV INC	REIT	867892101	2,865	178,294	SH		SOLE		107,755	0	70,539
VEREIT INC	REIT	92339V100	7,487	903,100	SH		SOLE		710,760	0	192,340
WELLTOWER INC	REIT	95040Q104	629	8,947	SH		SOLE		1,770	0	7,177
1 800 FLOWERS COM CL A	COM	68243Q106	5,671	575,745	SH		SOLE		299,365	0	276,380
A O SMITH CORP	COM	831865209	917	15,438	SH		SOLE		3,010	0	12,428
AAR CORP	COM	000361105	13,997	370,487	SH		SOLE		103,441	0	267,046
AARON'S INC	COM	002535300	7,230	165,708	SH		SOLE		46,266	0	119,442
ADOBE SYSTEMS INC	COM	00724F101	253	1,695	SH		SOLE		1,695	0	0
ADTALEM GLOBAL EDUCATION	COM	00737L103	10,494	292,707	SH		SOLE		81,722	0	210,985
ADURO BIOTECH INC	COM	00739L101	1,179	110,743	SH		SOLE		66,872	0	43,871
AEGEAN MARINE PETROLEUM	COM	Y0017S102	3,224	651,234	SH		SOLE		284,511	0	366,723
AEGION CORP	COM	00770F104	12,498	536,853	SH		SOLE		198,533	0	338,320
AIRCASTLE LTD	COM	G0129K104	16,072	721,047	SH		SOLE		201,320	0	519,727
ALLETE INC	COM	018522300	15,731	203,536	SH		SOLE		54,476	0	149,060
ALLIANCE RES PARTNR LP UT LTD	COM	01877R108	4,141	214,015	SH		SOLE		59,754	0	154,261
ALLIANCEBERNSTEIN HOLDING LP	COM	01881G106	8,972	369,235	SH		SOLE		103,092	0	266,143
ALLSCRIPTS HEALTHCARE	COM	01988P108	419	29,418	SH		SOLE		12,163	0	17,255
ALMOST FAMILY INC	COM	020409108	8,097	150,786	SH		SOLE		63,219	0	87,567
ALPHABET INC A	COM	02079K305	950	976	SH		SOLE		501	0	475
ALTRIA GROUP	COM	02209S103	9,909	156,237	SH		SOLE		123,317	0	32,920
AMAZON.COM INC	COM	023135106	623	648	SH		SOLE		373	0	275
AMC NETWORKS INC-A	COM	00164V103	2,191	37,480	SH		SOLE		22,634	0	14,846
AMEDISYS INC	COM	023436108	3,105	55,489	SH		SOLE		33,505	0	21,984
AMERICAN AIRLINES GROUP	COM	02376R102	11,768	247,810	SH		SOLE		195,040	0	52,770
AMERICAN AXLE & MFG HOLDINGS	COM	024061103	13,839	787,196	SH		SOLE		219,789	0	567,407
AMERICAN EAGLE OUTFITTERS	COM	02553E106	551	38,550	SH		SOLE		16,300	0	22,250
AMERICAN VANGUARD CORP	COM	030371108	4,089	178,556	SH		SOLE		107,764	0	70,792
AMERICAN WOODMARK CORP	COM	030506109	2,700	28,057	SH		SOLE		16,909	0	11,148
AMERIPRISE FINANCIAL	COM	03076C106	10,434	70,261	SH		SOLE		52,204	0	18,057
AMGEN INC	COM	031162100	16,553	88,780	SH		SOLE		68,200	0	20,580
AMPHENOL CORP-CL A	COM	032095101	999	11,800	SH		SOLE		2,680	0	9,120
ANGIODYNAMICS INC	COM	03475V101	6,826	399,400	SH		SOLE		206,125	0	193,275
ANTHEM INC	COM	036752103	14,718	77,510	SH		SOLE		61,005	0	16,505
APOGEE ENTERPRISES	COM	037598109	510	10,565	SH		SOLE		4,450	0	6,115
APPLE INC	COM	037833100	1,062	6,892	SH		SOLE		3,452	0	3,440
ARGO GROUP INTERNATIONAL	COM	G0464B107	2,340	38,044	SH		SOLE		23,060	0	14,984
ARMSTRONG WORLD	COM	04247x102	3,930	76,683	SH		SOLE		46,372	0	30,311
ASPEN INSURANCE HOLDINGS	COM	G05384105	8,721	215,872	SH		SOLE		60,273	0	155,599
ASPEN TECHNOLOGY INC	COM	045327103	4,051	64,502	SH		SOLE		38,193	0	26,309
ASSOCIATED BANC CORP	COM	045487105	17,668	728,559	SH		SOLE		203,547	0	525,012
AT & T INC COM	COM	00206R102	32,174	821,400	SH		SOLE		638,770	0	182,630
AVX CORP	COM	002444107	5,598	307,055	SH		SOLE		85,731	0	221,324
BANC OF CALIFORNIA	COM	05990K106	362	17,450	SH		SOLE		7,225	0	10,225
BANK OF COMMERCE HOLDINGS	COM	06424J103	2,036	177,005	SH		SOLE		87,855	0	89,150
BANNER CORP	COM	06652V208	628	10,249	SH		SOLE		3,839	0	6,410
BAR HARBOR BANKSHARES	COM	066849100	3,093	98,631	SH		SOLE		48,886	0	49,745
BARNES GROUP INC	COM	067806109	19,056	270,534	SH		SOLE		75,534	0	195,000
BARRETT BUSINESS SVCS INC	COM	068463108	6,777	119,880	SH		SOLE		61,245	0	58,635
BEL FUSE INC - CL B	COM	077347300	4,702	150,700	SH		SOLE		74,725	0	75,975
BELDEN INC	COM	077454106	12,816	159,145	SH		SOLE		44,427	0	114,718
BERKSHIRE HILLS BANC	COM	084680107	590	15,225	SH		SOLE		5,695	0	9,530
BIG LOTS INC	COM	089302103	8,042	150,121	SH		SOLE		41,911	0	108,210
BIO-TECHNE CORP	COM	09073M104	3,535	29,238	SH		SOLE		17,680	0	11,558
BLACK BOX CORP	COM	091826107	1,642	505,152	SH		SOLE		265,307	0	239,845
BLOOMIN' BRANDS INC	COM	094235108	12,199	693,112	SH		SOLE		193,520	0	499,592
BLUEPRINT MEDICINES CORP	COM	09627Y109	2,549	36,580	SH		SOLE		22,059	0	14,521
BOFI HOLDING INC	COM	05566U108	536	18,825	SH		SOLE		7,940	0	10,885
BRINK'S CO/THE	COM	109696104	5,360	63,618	SH		SOLE		17,693	0	45,925
BRINKER INTERNATIONAL INC	COM	109641100	228	7,150	SH		SOLE		2,950	0	4,200
BRISTOL-MYERS SQUIBB CO	COM	110122108	19,040	298,721	SH		SOLE		231,596	0	67,125
BROADSOFT INC	COM	11133B409	376	7,475	SH		SOLE		3,125	0	4,350
CABOT CORP	COM	127055101	11,371	203,787	SH		SOLE		56,896	0	146,891
CALERES INC	COM	129500104	320	10,475	SH		SOLE		4,400	0	6,075
CANTEL MEDICAL CORP	COM	138098108	5,102	54,177	SH		SOLE		32,626	0	21,551
CAPITAL ONE FINANCIAL CORP	COM	14040H105	16,991	200,700	SH		SOLE		157,970	0	42,730
CARE.COM INC	COM	141633107	2,700	169,893	SH		SOLE		102,727	0	67,166
CARNIVAL CORP	COM	143658300	11,335	175,550	SH		SOLE		138,175	0	37,375
CARPENTER TECHNOLOGY	COM	144285103	506	10,535	SH		SOLE		4,320	0	6,215
CARRIZO OIL & INC COM	COM	144577103	1,143	66,730	SH		SOLE		40,209	0	26,521
CATALENT INC	COM	148806102	2,404	60,213	SH		SOLE		36,409	0	23,804
CAVCO INDUSTRIES	COM	149568107	4,744	32,154	SH		SOLE		19,416	0	12,738
CECO ENVIRONMENTAL	COM	125141101	5,783	683,550	SH		SOLE		345,520	0	338,030
CELESTICA INC SUB VTG SHS	COM	15101Q108	8,182	660,932	SH		SOLE		184,536	0	476,396
CELGENE CORP	COM	151020104	260	1,785	SH		SOLE		1,785	0	0
CENTRAL GARDEN&PET CO COM	COM	153527106	2,955	76,078	SH		SOLE		45,974	0	30,104
CENTURY CASINOS INC	COM	156492100	2,540	309,380	SH		SOLE		151,355	0	158,025
CHARLES RIV LABS INTL COM	COM	159864107	9,806	90,779	SH		SOLE		26,614	0	64,165
CHEFS WAREHOUSE INC	COM	163086101	2,650	137,305	SH		SOLE		83,026	0	54,279
CHEMICAL FINL CORP COM	COM	163731102	5,792	110,833	SH		SOLE		25,608	0	85,225
CHEVRON CORP	COM	166764100	14,358	122,200	SH		SOLE		93,715	0	28,485
CISCO SYSTEMS	COM	17275R102	18,129	539,080	SH		SOLE		424,305	0	114,775
CITI TRENDS INC	COM	17306X102	1,521	76,542	SH		SOLE		46,152	0	30,390
CITIGROUP INC	COM	172967424	36,221	497,955	SH		SOLE		385,440	0	112,515
CITIZENS FINANCIAL GROUP	COM	174610105	14,892	393,250	SH		SOLE		309,460	0	83,790
CLIFTON BANCORP	COM	186873105	5,363	320,748	SH		SOLE		119,492	0	201,256
COEUR MINING	COM	192108504	6,566	714,457	SH		SOLE		199,480	0	514,977
COLUMBUS MCKINNON N Y COM	COM	199333105	8,283	218,734	SH		SOLE		112,112	0	106,622
COMMVAULT SYSTEMS	COM	204166102	4,317	71,004	SH		SOLE		42,908	0	28,096
COMTECH CORP	COM	205826209	4,697	228,775	SH		SOLE		117,495	0	111,280
CONCURRENT COMPUTER	COM	206710402	1,448	241,365	SH		SOLE		120,960	0	120,405
CONOCOPHILLIPS	COM	20825C104	8,263	165,100	SH		SOLE		124,915	0	40,185
CONSTELLATION BRANDS INC-A	COM	21036P108	247	1,238	SH		SOLE		640	0	598
CONVERGYS CORP	COM	212485106	6,303	243,435	SH		SOLE		67,968	0	175,467
COOPER-STANDARD	COM	21676P103	2,333	20,119	SH		SOLE		12,160	0	7,959
COOPER TIRE & RUBBER	COM	216831107	11,049	295,431	SH		SOLE		82,486	0	212,945
COSTCO CORP	COM	22160K105	201	1,225	SH		SOLE		1,225	0	0
COVENANT TRANSPORTATION	COM	22284P105	8,891	306,785	SH		SOLE		156,120	0	150,665
COWEN INC-CLASS A	COM	223622606	6,235	350,275	SH		SOLE		178,800	0	171,475
CRA INTERNATIONAL	COM	12618T105	5,792	141,085	SH		SOLE		69,960	0	71,125
CRANE CO	COM	224399105	15,816	197,725	SH		SOLE		59,317	0	138,408
CROSS COUNTRY HEALTH	COM	227483104	6,803	478,100	SH		SOLE		245,410	0	232,690
CSG SYS INTL INC COM	COM	126349109	8,286	206,639	SH		SOLE		57,693	0	148,946
CULP INC	COM	230215105	1,587	48,470	SH		SOLE		24,020	0	24,450
CVS HEALTH	COM	126650100	13,875	170,620	SH		SOLE		131,900	0	38,720
CYTOMX THERAPEUTICS	COM	23284F105	1,386	76,275	SH		SOLE		46,059	0	30,216
DEL FRISCOS RESTAURANT	COM	245077102	3,274	224,985	SH		SOLE		111,160	0	113,825
DELEK US HOLDINGS INC	COM	24665A103	235	8,775	SH		SOLE		3,725	0	5,050
DELTIC TIMBER CORP	COM	247850100	351	3,965	SH		SOLE		1,640	0	2,325
DELUXE CORP COM	COM	248019101	4,158	56,995	SH		SOLE		34,417	0	22,578
DENBURY RESOURCES INC	COM	247916208	1,298	968,347	SH		SOLE		271,882	0	696,465
DENTSPLY SIRONA INC	COM	24906P109	559	9,343	SH		SOLE		1,995	0	7,348
DIME COMMUNITY BANC	COM	253922108	6,984	324,830	SH		SOLE		158,530	0	166,300
DOMTAR CORP	COM	257559203	11,860	273,334	SH		SOLE		76,996	0	196,338
DONNELLEY FINANANCIAL SOLUTION	COM	25787G100	5,013	232,506	SH		SOLE		64,917	0	167,589
DORMAN PRODUCTS INC	COM	258278100	2,922	40,803	SH		SOLE		24,571	0	16,232
DOWDUPONT INC	COM	26078J100	13,716	198,115	SH		SOLE		155,900	0	42,215
DUCOMMUN INC	COM	264147109	6,673	208,220	SH		SOLE		108,000	0	100,220
EAGLE BANCORP INC MD COM	COM	268948106	3,345	49,889	SH		SOLE		30,043	0	19,846
EAGLE PHARMACEUTICALS INC	COM	269796108	224	3,750	SH		SOLE		1,600	0	2,150
EATON CORP	COM	G29183103	15,098	196,615	SH		SOLE		154,755	0	41,860
EDWARDS LIFESCIENCES CORP	COM	28176E108	330	3,020	SH		SOLE		1,015	0	2,005
EL PASO ELECTRIC CO	COM	283677854	377	6,825	SH		SOLE		2,880	0	3,945
ELECTRO SCIENTIFIC	COM	285229100	4,761	342,045	SH		SOLE		168,775	0	173,270
ELECTRONIC ARTS INC	COM	285512109	1,006	8,519	SH		SOLE		2,228	0	6,291
EMCOR GROUP INC	COM	29084Q100	12,354	178,070	SH		SOLE		52,212	0	125,858
EMERGENT BIOSOLUTIONS	COM	29089Q105	4,107	101,522	SH		SOLE		60,771	0	40,751
ENCORE WIRE CORP	COM	292562105	448	10,005	SH		SOLE		4,160	0	5,845
ENERSYS	COM	29275Y102	12,368	178,811	SH		SOLE		49,920	0	128,891
ESSA BANCORP INC	COM	29667D104	3,327	211,920	SH		SOLE		112,910	0	99,010
ETHAN ALLEN INTERIORS COM	COM	297602104	2,975	91,820	SH		SOLE		46,630	0	45,190
EURONET WORLDWIDE INC COM	COM	298736109	4,108	43,339	SH		SOLE		25,005	0	18,334
EXACTECH, INC	COM	30064E109	4,095	124,291	SH		SOLE		61,655	0	62,636
EXELON CORP COM	COM	30161N101	18,117	480,935	SH		SOLE		371,180	0	109,755
EXTENDED STAY AMERICA INC	COM	30224P200	3,754	187,681	SH		SOLE		113,416	0	74,265
FABRINET	COM	G3323L100	430	11,600	SH		SOLE		4,925	0	6,675
FACEBOOK INC-A	COM	30303M102	903	5,285	SH		SOLE		2,670	0	2,615
FIDELITY SOUTHN CORP COM	COM	316394105	4,998	211,425	SH		SOLE		109,500	0	101,925
FINANCIAL INSTNS INC	COM	317585404	4,531	157,315	SH		SOLE		78,400	0	78,915
FIRST BANCORP INC ME	COM	31866P102	3,488	115,070	SH		SOLE		60,970	0	54,100
FIRST FINANCIAL	COM	320218100	6,976	146,560	SH		SOLE		75,840	0	70,720
FIRST INTERNET BANC	COM	320557101	6,208	192,187	SH		SOLE		99,912	0	92,275
FIRST MIDWEST BANCORP COM	COM	320867104	12,240	522,622	SH		SOLE		145,918	0	376,704
FIRSTENERGY CORP	COM	337932107	14,427	467,965	SH		SOLE		368,240	0	99,725
FISERV INC	COM	337738108	835	6,477	SH		SOLE		945	0	5,532
FNB CORP	COM	302520101	7,847	559,329	SH		SOLE		150,744	0	408,585
FOX FACTORY HOLDING	COM	35138V102	2,934	68,081	SH		SOLE		41,173	0	26,908
FRANKLIN FINANCIAL NETWORK	COM	35352P104	4,019	112,730	SH		SOLE		58,375	0	54,355
FULTON FINL CORP PA COM	COM	360271100	21,715	1,158,136	SH		SOLE		322,672	0	835,464
GAIN CAPITAL HOLDINGS	COM	36268W100	2,502	391,495	SH		SOLE		201,090	0	190,405
GENERAC HOLDINGS INC	COM	368736104	15,407	335,446	SH		SOLE		125,774	0	209,672
GENERAL DYNAMICS	COM	369550108	7,467	36,323	SH		SOLE		26,843	0	9,480
GILEAD SCIENCES	COM	375558103	13,158	162,401	SH		SOLE		125,851	0	36,550
GLATFELTER	COM	377316104	7,472	384,180	SH		SOLE		196,505	0	187,675
GLOBAL BRASS & COPPER HOLD	COM	37953G103	10,224	302,484	SH		SOLE		84,455	0	218,029
GOLDMAN SACHS	COM	38141G104	20,210	85,205	SH		SOLE		65,750	0	19,455
GRAHAM CORP	COM	384556106	5,312	255,024	SH		SOLE		133,365	0	121,659
GRAN TIERRA ENERGY	COM	38500T101	3,837	1,682,906	SH		SOLE		469,876	0	1,213,030
GRAND CANYON EDUCATION INC	COM	38526M106	6,013	66,213	SH		SOLE		39,982	0	26,231
GRANITE CONSTRUCTION INC	COM	387328107	530	9,145	SH		SOLE		3,860	0	5,285
GREAT WESTERN BANCORP INC.	COM	391416104	2,430	58,858	SH		SOLE		35,472	0	23,386
GREEN BANCORP INC	COM	39260X100	2,189	92,575	SH		SOLE		45,900	0	46,675
GREENHILL & CO INC	COM	395259104	4,696	282,895	SH		SOLE		144,960	0	137,935
GULF ISLAND FABRICATN	COM	402307102	4,185	329,505	SH		SOLE		170,395	0	159,110
GULFPORT ENERGY	COM	402635304	264	18,425	SH		SOLE		7,890	0	10,535
HANCOCK HOLDING CO	COM	410120109	21,265	438,898	SH		SOLE		127,077	0	311,821
HANMI FINANCIAL CORP	COM	410495204	6,380	206,150	SH		SOLE		100,570	0	105,580
HANOVER INSURANCE GROUP INC/	COM	410867105	11,397	117,575	SH		SOLE		33,222	0	84,353
HARDINGE INC COM	COM	412324303	4,428	289,980	SH		SOLE		149,980	0	140,000
HARTE-HANKS INC COM	COM	416196103	599	559,925	SH		SOLE		280,300	0	279,625
HARTFORD FINANCIAL SERVICES	COM	416515104	19,494	351,679	SH		SOLE		276,984	0	74,695
HARVARD BIOSCIENCE INC COM	COM	416906105	2,831	754,820	SH		SOLE		410,205	0	344,615
HAVERTY FURNITURE	COM	419596101	4,016	153,575	SH		SOLE		81,445	0	72,130
HAYNES INTERNATIONAL	COM	420877201	6,765	188,395	SH		SOLE		95,955	0	92,440
HCI GROUP INC	COM	40416E103	6,084	159,057	SH		SOLE		82,471	0	76,586
HEALTHCARE SVCS GP	COM	421906108	5,238	97,056	SH		SOLE		58,094	0	38,962
HEALTHEQUITY INC	COM	42226A107	3,881	76,729	SH		SOLE		46,257	0	30,472
HEALTHSOUTH CORP	COM	421924309	4,672	100,807	SH		SOLE		60,872	0	39,935
HELEN OF TROY LTD	COM	G4388N106	6,218	64,174	SH		SOLE		17,854	0	46,320
HERMAN MILLER INC	COM	600544100	350	9,760	SH		SOLE		4,190	0	5,570
HEXCEL CORP	COM	428291108	2,367	41,228	SH		SOLE		24,839	0	16,389
HILL INTERNATIONAL	COM	431466101	2,868	603,780	SH		SOLE		311,380	0	292,400
HILLENBRAND INC	COM	431571108	10,416	268,098	SH		SOLE		74,854	0	193,244
HOME DEPOT INC	COM	437076102	878	5,369	SH		SOLE		2,144	0	3,225
HOMESTREET INC	COM	43785V102	6,242	231,175	SH		SOLE		119,070	0	112,105
HOMETRUST BANCSHARES	COM	437872104	5,766	224,780	SH		SOLE		114,290	0	110,490
HOPE BANCORP	COM	43940T109	396	22,350	SH		SOLE		9,400	0	12,950
HORIZON BANCORP IND COM	COM	440407104	7,222	247,577	SH		SOLE		123,235	0	124,342
HP INC	COM	40434L105	13,151	658,855	SH		SOLE		518,570	0	140,285
HUB GROUP INC CL A	COM	443320106	2,327	54,175	SH		SOLE		32,712	0	21,463
HYSTER-YALE MATERIALS	COM	449172105	8,889	116,288	SH		SOLE		32,468	0	83,820
ICHOR HOLDINGS LTD	COM	G4740B105	7,822	291,882	SH		SOLE		148,792	0	143,090
IDACORP INC COM	COM	451107106	9,154	104,106	SH		SOLE		29,652	0	74,454
IDT CORP CL B	COM	448947507	4,690	333,120	SH		SOLE		174,000	0	159,120
II VI INC COM	COM	902104108	3,570	86,750	SH		SOLE		49,926	0	36,824
INDEPENDENT BANK MI	COM	453838609	6,936	306,245	SH		SOLE		159,150	0	147,095
INNOVIVA INC	COM	45781M101	1,904	134,837	SH		SOLE		81,249	0	53,588
INOGEN INC	COM	45780L104	4,972	52,286	SH		SOLE		31,486	0	20,800
INTEGRA LIFESCIEN HLDG COM NEW	COM	457985208	2,853	56,524	SH		SOLE		15,141	0	41,383
INTEGRATED DEVICE TECH INC	COM	458118106	3,220	121,159	SH		SOLE		73,163	0	47,996
INTEL CORP	COM	458140100	560	14,702	SH		SOLE		3,902	0	10,800
INTERCONTINENTAL EXCH	COM	45866F104	986	14,348	SH		SOLE		4,365	0	9,983
INTERDIGITAL COMMUNCTN COM	COM	45867G101	2,834	38,422	SH		SOLE		23,219	0	15,203
INTERNATIONAL BNCSHRS COM	COM	459044103	14,993	373,898	SH		SOLE		104,393	0	269,505
ITRON INC	COM	465741106	18,372	237,217	SH		SOLE		66,232	0	170,985
ITT INC	COM	45073V108	507	11,460	SH		SOLE		4,730	0	6,730
IXYS CORP	COM	46600W106	7,165	302,330	SH		SOLE		84,409	0	217,921
JABIL INC	COM	466313103	7,524	263,550	SH		SOLE		207,400	0	56,150
JANUS HENDERSON GROUP PLC	COM	G4474Y214	2,653	76,162	SH		SOLE		45,855	0	30,307
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	6,272	62,037	SH		SOLE		37,083	0	24,954
JOHNSON & JOHNSON	COM	478160104	22,670	174,370	SH		SOLE		134,625	0	39,745
JPMORGAN CHASE	COM	46625H100	35,728	374,075	SH		SOLE		288,850	0	85,225
KB HOME	COM	48666K109	15,929	660,421	SH		SOLE		184,393	0	476,028
KEYCORP	COM	493267108	8,695	462,027	SH		SOLE		364,327	0	97,700
KINGSTONE COMPANIES INC	COM	496719105	5,891	361,400	SH		SOLE		179,125	0	182,275
KIRKLANDS INC COM	COM	497498105	6,429	562,470	SH		SOLE		287,890	0	274,580
KLA-TENCOR CORPORATION	COM	482480100	215	2,028	SH		SOLE		0	0	2,028
KNOLL INC	COM	498904200	2,056	102,786	SH		SOLE		62,122	0	40,664
KORN FERRY INTL COM NEW	COM	500643200	12,705	322,229	SH		SOLE		89,968	0	232,261
KRATON CORP	COM	50077C106	9,309	230,186	SH		SOLE		64,269	0	165,917
KULICKE & SOFFA INDS COM	COM	501242101	7,434	344,664	SH		SOLE		96,231	0	248,433
LAKELAND BANCORP INC COM	COM	511637100	6,617	324,365	SH		SOLE		168,115	0	156,250
LAM RESEARCH CORP	COM	512807108	15,553	84,050	SH		SOLE		64,380	0	19,670
LANDEC CORP	COM	514766104	5,664	437,390	SH		SOLE		213,390	0	224,000
LEAR CORP	COM	521865204	15,977	92,310	SH		SOLE		72,705	0	19,605
LIGHTPATH TECHNOLOGIES CL A NE	COM	532257805	984	384,300	SH		SOLE		190,675	0	193,625
LITTELFUSE INC	COM	537008104	5,678	28,987	SH		SOLE		17,278	0	11,709
LKQ CORP	COM	501889208	472	13,123	SH		SOLE		0	0	13,123
LOCKHEED MARTIN CORP	COM	539830109	253	815	SH		SOLE		815	0	0
LSC COMMUNICATIONS INC	COM	50218P107	1,774	107,450	SH		SOLE		30,001	0	77,449
LYONDELLBASELL INDU-CL A	COM	N53745100	11,378	114,875	SH		SOLE		90,405	0	24,470
M/I HOMES INC COM	COM	55305B101	8,271	309,409	SH		SOLE		104,978	0	204,431
MAINSOURCE FINANCIAL	COM	56062Y102	5,329	148,605	SH		SOLE		72,545	0	76,060
MARATHON PETROLEUM CORP	COM	56585A102	13,308	237,296	SH		SOLE		183,301	0	53,995
MARINEMAX INC COM	COM	567908108	4,766	287,990	SH		SOLE		146,225	0	141,765
MARKETAXXESS HLDGS INC COM	COM	57060D108	2,639	14,305	SH		SOLE		8,222	0	6,083
MARTEN TRANS LTD	COM	573075108	7,757	377,477	SH		SOLE		187,793	0	189,685
MATRIX SVC CO	COM	576853105	244	16,065	SH		SOLE		6,865	0	9,200
MATTHEWS INTL CORP CL A	COM	577128101	8,573	137,716	SH		SOLE		38,441	0	99,275
MEDIDATA SOLUTIONS INC	COM	58471A105	5,081	65,086	SH		SOLE		38,959	0	26,127
MEET GROUP	COM	58513U101	3,803	1,044,850	SH		SOLE		536,075	0	508,775
MELLANOX TECHNOLOGIES LTD	COM	M51363113	2,271	48,162	SH		SOLE		29,083	0	19,079
MERCER INTL INC	COM	588056101	3,744	315,966	SH		SOLE		88,218	0	227,748
MEREDITH CORP	COM	589433101	15,942	287,237	SH		SOLE		81,214	0	206,023
META FINANCIAL GROUP	COM	59100U108	7,071	90,195	SH		SOLE		45,885	0	44,310
MICROCHIP TECHNOLOGY INC	COM	595017104	406	4,526	SH		SOLE		1,875	0	2,651
MICROSOFT CORP	COM	594918104	368	4,938	SH		SOLE		4,938	0	0
MIDDLEBY CORP COM	COM	596278101	2,111	16,467	SH		SOLE		9,839	0	6,628
MITEL NETWORKS CORP	COM	60671Q104	371	44,275	SH		SOLE		19,050	0	25,225
MOHAWK INDUSTRIES	COM	608190104	205	828	SH		SOLE		0	0	828
MONOLITHIC POWER SYSTEMS	COM	609839105	3,925	36,841	SH		SOLE		21,840	0	15,001
MOTORCAR PARTS OF AMERICA	COM	620071100	5,761	195,550	SH		SOLE		102,500	0	93,050
MOVADO GROUP INC COM	COM	624580106	4,082	145,772	SH		SOLE		40,675	0	105,097
MYRIAD GENETICS INC	COM	62855J104	490	13,550	SH		SOLE		5,200	0	8,350
NAVIGANT CONSULTING INC	COM	63935N107	3,655	216,011	SH		SOLE		60,312	0	155,699
NELNET INC CL A	COM	64031N108	6,759	133,843	SH		SOLE		37,359	0	96,484
NEOGEN CORP	COM	640491106	4,797	61,926	SH		SOLE		36,788	0	25,138
NETGEAR INC	COM	64111Q104	3,500	73,522	SH		SOLE		20,373	0	53,149
NEW YORK AND COMPANY INC	COM	649295102	999	480,425	SH		SOLE		244,325	0	236,100
NEWPARK RESOURCES INC	COM	651718504	4,013	401,335	SH		SOLE		208,510	0	192,825
NORTHEAST BANCORP COM	COM	663904209	2,030	77,625	SH		SOLE		38,490	0	39,135
NORTHRIM BANCORP INC	COM	666762109	2,162	61,865	SH		SOLE		30,795	0	31,070
NORTHWEST PIPE CO COM	COM	667746101	5,248	275,900	SH		SOLE		137,075	0	138,825
NUCOR CORP	COM	670346105	9,272	165,445	SH		SOLE		130,190	0	35,255
OCEANEERING INTL INC	COM	675232102	388	14,775	SH		SOLE		5,550	0	9,225
OLD NATIONAL BANCORP	COM	680033107	21,440	1,171,611	SH		SOLE		331,311	0	840,300
OLYMPIC STEEL INC COM	COM	68162K106	5,283	240,115	SH		SOLE		121,940	0	118,175
OMNICELL INC	COM	68213N109	3,682	72,131	SH		SOLE		43,429	0	28,702
ONE GAS INC	COM	68235P108	204	2,775	SH		SOLE		1,000	0	1,775
OPUS BANK	COM	684000102	5,694	237,270	SH		SOLE		121,640	0	115,630
ORACLE CORPORATION	COM	68389X105	15,506	320,695	SH		SOLE		252,395	0	68,300
ORION GROUP HLDGS	COM	68628V308	5,183	790,075	SH		SOLE		415,075	0	375,000
OWENS-ILLINOIS INC	COM	690768403	18,414	731,858	SH		SOLE		197,201	0	534,657
OWENS & MINOR INC NEW COM	COM	690732102	9,864	337,815	SH		SOLE		94,307	0	243,508
PACIFIC ETHANOL INC COM	COM	69423U305	3,554	640,295	SH		SOLE		336,633	0	303,662
PAN AMERICAN SILVER CORP	COM	697900108	8,232	482,832	SH		SOLE		134,809	0	348,023
PAPA JOHN'S INTL INC	COM	698813102	2,571	35,179	SH		SOLE		21,242	0	13,937
PARK OHIO HLDGS CORP COM	COM	700666100	3,613	79,243	SH		SOLE		21,992	0	57,251
PAYPAL INC COM	COM	70450Y103	252	3,936	SH		SOLE		3,936	0	0
PENTAIR PLC	COM	G7S00T104	16,984	249,905	SH		SOLE		192,810	0	57,095
PEOPLES BANCORP INC	COM	709789101	7,637	227,360	SH		SOLE		111,295	0	116,065
PERRY ELLIS	COM	288853104	2,902	122,645	SH		SOLE		66,270	0	56,375
PHIBRO ANIMAL HEALTH A	COM	71742Q106	4,209	113,598	SH		SOLE		68,598	0	45,000
PHOTRONICS	COM	719405102	4,165	470,675	SH		SOLE		242,800	0	227,875
PLANTRONICS	COM	727493108	11,410	258,029	SH		SOLE		72,043	0	185,986
PLEXUS CORP	COM	729132100	331	5,900	SH		SOLE		2,150	0	3,750
PNC FINANCIAL SERVICES GROUP	COM	693475105	10,273	76,225	SH		SOLE		59,980	0	16,245
POLA POWER INC	COM	73102V105	926	193,390	SH		SOLE		95,140	0	98,250
PORTLAND GENERAL ELECTRIC	COM	736508847	11,977	262,418	SH		SOLE		77,648	0	184,770
PPL CORPORATION	COM	69351T106	12,167	320,608	SH		SOLE		245,118	0	75,490
PROOFPOINT INC	COM	743424103	240	2,749	SH		SOLE		0	0	2,749
PROSPERITY BANCSHARES	COM	743606105	6,947	105,685	SH		SOLE		39,668	0	66,017
PRUDENTIAL FINANCIAL	COM	744320102	16,459	154,805	SH		SOLE		121,820	0	32,985
PUBLIC SERVICE ENTERPRISE GP	COM	744573106	5,287	114,315	SH		SOLE		89,930	0	24,385
QUALITY SYS INC COM	COM	747582104	4,448	282,785	SH		SOLE		78,955	0	203,830
RAMACO RESOURCES INC	COM	75134P303	2,492	375,925	SH		SOLE		182,775	0	193,150
RCI HOSPITALITY	COM	74934Q108	2,943	118,900	SH		SOLE		59,025	0	59,875
REALPAGE INC	COM	75606N109	4,431	111,053	SH		SOLE		67,055	0	43,998
REGAL-BELOIT CORP	COM	758750103	14,244	180,304	SH		SOLE		49,018	0	131,286
REPLIGEN CORP COM	COM	759916109	2,988	77,969	SH		SOLE		46,957	0	31,012
RING ENERGY INC	COM	76680V108	5,702	393,542	SH		SOLE		201,762	0	191,780
ROCKWELL AUTOMATION	COM	773903109	200	1,125	SH		SOLE		0	0	1,125
ROCKWELL COLLINS INC	COM	774341101	413	3,157	SH		SOLE		1,420	0	1,737
RTI SURGICAL INC	COM	74975N105	3,710	815,425	SH		SOLE		422,375	0	393,050
RUDOLPH TECHNOLOGIES	COM	781270103	8,059	306,421	SH		SOLE		163,762	0	142,659
RUTHS HOSPITALITY GROUP	COM	783332109	3,129	149,340	SH		SOLE		89,863	0	59,477
SANMINA SCI CORP	COM	801056102	19,112	514,457	SH		SOLE		143,639	0	370,818
SCANSOURCE INC COM	COM	806037107	4,722	108,170	SH		SOLE		30,188	0	77,982
SCHULMAN A INC COM	COM	808194104	7,351	215,247	SH		SOLE		78,018	0	137,229
SCIENCE APPLICATIONS INTL	COM	808625107	8,023	120,020	SH		SOLE		33,472	0	86,548
SELECT MEDICAL HOLDINGS	COM	81619Q105	12,431	647,430	SH		SOLE		180,763	0	466,667
SHOE CARNIVAL INC COM	COM	824889109	4,080	182,300	SH		SOLE		90,375	0	91,925
SI FINANCIAL GROUP	COM	78425V104	2,057	137,595	SH		SOLE		70,435	0	67,160
SIERRA BANCORP COM	COM	82620P102	4,889	180,065	SH		SOLE		93,575	0	86,490
SILICOM LTD	COM	M84116108	6,629	113,305	SH		SOLE		58,780	0	54,525
SIRIUS XM HOLDINGS	COM	82968B103	188	34,064	SH		SOLE		0	0	34,064
SNAP-ON INC	COM	833034101	571	3,833	SH		SOLE		773	0	3,060
SOUTHERN NATL BANCORP OF VA	COM	843395104	2,632	154,925	SH		SOLE		80,700	0	74,225
SPARTANNASH	COM	847215100	5,213	197,696	SH		SOLE		57,052	0	140,644
SPOK HOLDINGS	COM	84863T106	4,000	260,560	SH		SOLE		134,095	0	126,465
SRC ENERGY INC	COM	78470V108	310	32,075	SH		SOLE		14,325	0	17,750
STARBUCKS CORP	COM	855244109	406	7,550	SH		SOLE		2,750	0	4,800
STATE STREET CORP	COM	857477103	9,412	98,510	SH		SOLE		77,535	0	20,975
STEPAN CO COM	COM	858586100	9,026	107,893	SH		SOLE		30,111	0	77,782
STERLING CONSTRUCTION	COM	859241101	7,590	498,355	SH		SOLE		255,830	0	242,525
SUMMIT MATERIALS A	COM	86614U100	4,197	131,028	SH		SOLE		77,066	0	53,962
SUPER MICRO COMPUTER	COM	86800U104	329	14,900	SH		SOLE		6,250	0	8,650
SURMODICS INC COM	COM	868873100	2,746	88,575	SH		SOLE		44,300	0	44,275
SYKES ENTERPRISES INC	COM	871237103	6,547	224,517	SH		SOLE		92,990	0	131,527
SYNAPTICS INC COM	COM	87157D109	311	7,945	SH		SOLE		3,340	0	4,605
SYSCO CORP	COM	871829107	10,995	203,795	SH		SOLE		160,390	0	43,405
TARGET CORP	COM	87612E106	11,560	195,905	SH		SOLE		154,180	0	41,725
TCF FINANCIAL CORP	COM	872275102	14,045	824,247	SH		SOLE		230,133	0	594,114
TECH DATA CORP	COM	878237106	11,606	130,628	SH		SOLE		33,996	0	96,632
TENNECO INC	COM	880349105	2,643	43,563	SH		SOLE		25,724	0	17,839
TERRITORIAL BANCORP INC	COM	88145X108	5,018	158,945	SH		SOLE		83,420	0	75,525
TUTOR PERINI CORP	COM	901109108	12,130	427,101	SH		SOLE		119,248	0	307,853
TYLER TECHNOLOGIES INC COM	COM	902252105	3,699	21,218	SH		SOLE		12,759	0	8,459
TYSON FOODS A	COM	902494103	17,189	243,986	SH		SOLE		188,426	0	55,560
UBIQUITI NETWORKS INC	COM	90347A100	2,652	47,336	SH		SOLE		28,527	0	18,809
ULTA BEAUTY INC	COM	90384S303	421	1,863	SH		SOLE		472	0	1,391
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	3,406	17,964	SH		SOLE		10,238	0	7,726
UMPQUA HLDGS CORP COM	COM	904214103	10,646	545,683	SH		SOLE		161,047	0	384,636
UNION PACFIC CORP	COM	907818108	9,965	85,925	SH		SOLE		67,625	0	18,300
UNITED CMNTY FINL OHIO COM	COM	909839102	6,077	633,050	SH		SOLE		314,350	0	318,700
UNITED HEALTH GROUP	COM	91324P102	649	3,315	SH		SOLE		1,565	0	1,750
UNITED INSURANCE HOLDINGS	COM	910710102	5,495	337,130	SH		SOLE		172,875	0	164,255
UNITED TECHNOLOGIES CORP	COM	913017109	11,376	98,005	SH		SOLE		77,130	0	20,875
UNITIL CORP	COM	913259107	5,152	104,155	SH		SOLE		54,050	0	50,105
UNIVERSAL FST PRODS COM	COM	913543104	9,518	96,964	SH		SOLE		27,039	0	69,925
UNIVERSAL STAINLESS	COM	913837100	5,678	272,350	SH		SOLE		145,655	0	126,695
UNUM GROUP	COM	91529Y106	14,676	287,024	SH		SOLE		226,114	0	60,910
VAIL RESORTS INC	COM	91879Q109	219	961	SH		SOLE		0	0	961
VALMONT INDUSTRIES	COM	920253101	3,730	23,595	SH		SOLE		14,269	0	9,326
VANDA PHARMACEUTICALS INC	COM	921659108	2,478	138,446	SH		SOLE		83,720	0	54,726
VAREX IMAGING CORP	COM	92214X106	470	13,875	SH		SOLE		5,875	0	8,000
VEEVA SYSTEMS INC A	COM	922475108	2,879	51,036	SH		SOLE		30,818	0	20,218
VISA INC A	COM	92826C839	864	8,211	SH		SOLE		3,886	0	4,325
VISHAY INTERTECHNOLOGY INC	COM	928298108	25,599	1,361,647	SH		SOLE		452,446	0	909,201
VOCERA COMMUNICATIONS INC	COM	92857F107	3,718	118,511	SH		SOLE		71,626	0	46,885
WASHINGTON FEDERAL INC	COM	938824109	21,863	649,729	SH		SOLE		181,024	0	468,705
WASHINGTON TRUST BANCORP	COM	940610108	4,658	81,370	SH		SOLE		40,370	0	41,000
WATERSTONE FINANCIAL INC	COM	94188P101	1,504	77,125	SH		SOLE		38,211	0	38,914
WESBANCO INC COM	COM	950810101	7,625	185,884	SH		SOLE		51,896	0	133,988
WEST CORP COM	COM	952355204	4,251	181,131	SH		SOLE		50,569	0	130,562
WESTERN ALLIANCE BANCORP	COM	957638109	4,198	79,084	SH		SOLE		45,368	0	33,716
WESTERN DIGITAL CORP	COM	958102105	9,925	114,870	SH		SOLE		90,410	0	24,460
WILEY JOHN & SONS INC CL A	COM	968223206	6,912	129,188	SH		SOLE		36,069	0	93,119
WINGSTOP INC	COM	974155103	2,982	89,698	SH		SOLE		54,131	0	35,567
WINTRUST FINL CORP COM	COM	97650W108	20,649	263,678	SH		SOLE		76,493	0	187,185
XPERI CORP	COM	98421B100	308	12,180	SH		SOLE		5,080	0	7,100
ZOETIS INC	COM	98978V103	654	10,263	SH		SOLE		2,853	0	7,410
BP PLC ADR	ADR	055622104	22,206	577,835	SH		SOLE		454,805	0	123,030
CHIPMOS TECHNOLOGIES A	ADR	16965P103	3,024	156,498	SH		SOLE		43,695	0	112,803
GLAXOSMITHKLINE PLC-SPON ADR	ADR	37733W105	8,035	197,905	SH		SOLE		155,755	0	42,150