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
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
APOLLO COMM REAL ESTATE	REIT	03762U105	11,144	609,605	SH		SOLE		165,748	0	443,857
ASHFORD HOSPITALITY TR COM SHS	REIT	044103109	10,184	1,257,248	SH		SOLE		341,838	0	915,410
BRANDYWINE REALTY TRUST	REIT	105368203	12,641	748,851	SH		SOLE		208,587	0	540,264
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	7,727	258,695	SH		SOLE		113,990	0	144,705
CONDOR HOSPITALITY	REIT	20676Y403	1,908	183,420	SH		SOLE		77,015	0	106,405
DIAMONDROCK HOSPITALITY	REIT	252784301	450	36,685	SH		SOLE		15,500	0	21,185
ESSENTIAL PROPERTIES REALTY	REIT	29670E107	276	20,350	SH		SOLE		7,425	0	12,925
HOSPITALITY PROPERTIES TRUST	REIT	44106M102	4,403	153,883	SH		SOLE		42,760	0	111,123
INDEPENDENCE REALTY TRUST	REIT	45378A106	7,456	723,160	SH		SOLE		322,125	0	401,035
KIMCO REALTY CORP	REIT	49446R109	6,445	379,325	SH		SOLE		286,275	0	93,050
LEXINGTON REALTY TRUST	REIT	529043101	11,130	1,274,911	SH		SOLE		350,206	0	924,705
MEDICAL PROPERTIES TRUST INC	REIT	58463J304	9,044	644,141	SH		SOLE		175,137	0	469,004
PROLOGIS INC	REIT	74340W103	6,890	104,880	SH		SOLE		79,155	0	25,725
SAFETY INCOME AND GROWTH	REIT	78649D104	5,687	299,800	SH		SOLE		133,975	0	165,825
SELECT INCOME REIT	REIT	81618T100	7,114	316,591	SH		SOLE		87,142	0	229,449
SUNSTONE HOTEL INV INC	REIT	867892101	1,547	93,092	SH		SOLE		22,134	0	70,958
VEREIT INC	REIT	92339V100	6,551	880,550	SH		SOLE		664,710	0	215,840
WELLTOWER INC	REIT	95040Q104	8,785	140,134	SH		SOLE		100,457	0	39,677
1 800 FLOWERS COM CL A	Stock	68243Q106	6,657	530,470	SH		SOLE		236,090	0	294,380
A O SMITH CORP	Stock	831865209	842	14,228	SH		SOLE		2,250	0	11,978
AAR CORP	Stock	000361105	16,185	348,133	SH		SOLE		88,782	0	259,351
AARON'S INC	Stock	002535300	8,694	200,100	SH		SOLE		54,406	0	145,694
ABRAXAS PETE CORP	Stock	003830106	6,527	2,258,405	SH		SOLE		1,001,230	0	1,257,175
ADOBE SYSTEMS INC	Stock	00724F101	280	1,147	SH		SOLE		1,147	0	0
ADTALEM GLOBAL EDUCATION	Stock	00737L103	16,920	351,770	SH		SOLE		97,701	0	254,069
ADURO BIOTECH INC	Stock	00739L101	750	107,074	SH		SOLE		25,441	0	81,633
AEGION CORP	Stock	00770F104	10,872	422,195	SH		SOLE		149,505	0	272,690
AIRCASTLE LTD	Stock	G0129K104	13,957	680,840	SH		SOLE		185,116	0	495,724
AKEBIA THERAPEUTICS INC	Stock	00972D105	772	77,310	SH		SOLE		18,350	0	58,960
ALLERGAN PLC	Stock	G0177J108	7,511	45,050	SH		SOLE		34,000	0	11,050
ALLETE INC	Stock	018522300	11,085	143,203	SH		SOLE		39,058	0	104,145
ALLIANCE RES PARTNR LP UT LTD	Stock	01877R108	5,087	277,222	SH		SOLE		75,198	0	202,024
ALLIANCEBERNSTEIN HOLDING LP	Stock	01881G106	12,729	445,862	SH		SOLE		121,227	0	324,635
ALLOT COMMUNICATIONS LTD	Stock	M0854Q105	954	178,050	SH		SOLE		75,950	0	102,100
ALLSCRIPTS HEALTHCARE	Stock	01988P108	244	20,338	SH		SOLE		8,938	0	11,400
ALPHA & OMEGA SEMI	Stock	G6331P104	4,649	326,450	SH		SOLE		145,225	0	181,225
ALPHABET INC A	Stock	02079K305	881	780	SH		SOLE		355	0	425
AMAG PHARMACEUTICALS	Stock	00163U106	4,205	215,665	SH		SOLE		91,315	0	124,350
AMAZON.COM INC	Stock	023135106	940	553	SH		SOLE		278	0	275
AMC NETWORKS INC A	Stock	00164V103	838	13,465	SH		SOLE		3,200	0	10,265
AMEDISYS INC	Stock	023436108	2,949	34,512	SH		SOLE		8,204	0	26,308
AMERICAN AIRLINES GROUP	Stock	02376R102	7,673	202,145	SH		SOLE		147,760	0	54,385
AMERICAN AXLE & MFG HOLDINGS	Stock	024061103	14,790	950,511	SH		SOLE		258,437	0	692,074
AMERICAN VANGUARD CORP	Stock	030371108	2,146	93,520	SH		SOLE		22,235	0	71,285
AMERICAN WOODMARK CORP	Stock	030506109	1,348	14,722	SH		SOLE		3,500	0	11,222
AMERIPRISE FINANCIAL	Stock	03076C106	9,585	68,526	SH		SOLE		48,804	0	19,722
AMGEN INC	Stock	031162100	16,420	88,955	SH		SOLE		65,675	0	23,280
AMPHENOL CORP-CL A	Stock	032095101	969	11,120	SH		SOLE		2,050	0	9,070
ANGIODYNAMICS INC	Stock	03475V101	8,581	385,845	SH		SOLE		171,750	0	214,095
APOGEE ENTERPRISES	Stock	037598109	646	13,410	SH		SOLE		5,050	0	8,360
APPLE INC	Stock	037833100	983	5,311	SH		SOLE		2,571	0	2,740
ARCBEST CORPORATION	Stock	03937C105	9,114	199,441	SH		SOLE		54,227	0	145,214
ARMSTRONG WORLD	Stock	04247x102	2,528	40,002	SH		SOLE		9,511	0	30,491
ASPEN TECHNOLOGY INC	Stock	045327103	2,382	25,686	SH		SOLE		5,943	0	19,743
ASSOCIATED BANC CORP	Stock	045487105	19,760	723,807	SH		SOLE		198,795	0	525,012
AT & T INC COM	Stock	00206R102	23,294	725,450	SH		SOLE		539,780	0	185,670
AVX CORP	Stock	002444107	5,810	370,758	SH		SOLE		100,806	0	269,952
AXT INC	Stock	00246W103	3,294	467,225	SH		SOLE		209,675	0	257,550
BANC OF CALIFORNIA	Stock	05990K106	465	23,760	SH		SOLE		10,200	0	13,560
BANK OF COMMERCE HOLDINGS	Stock	06424J103	2,189	171,680	SH		SOLE		73,530	0	98,150
BANNER CORP	Stock	06652V208	619	10,289	SH		SOLE		3,839	0	6,450
BAR HARBOR BANKSHARES	Stock	066849100	2,901	95,779	SH		SOLE		41,027	0	54,752
BARNES GROUP INC	Stock	067806109	11,313	192,068	SH		SOLE		52,222	0	139,846
BEL FUSE INC CL B	Stock	077347300	3,059	146,350	SH		SOLE		62,650	0	83,700
BELDEN INC	Stock	077454106	5,940	97,194	SH		SOLE		26,426	0	70,768
BERKSHIRE HILLS BANC	Stock	084680107	7,081	174,406	SH		SOLE		48,997	0	125,409
BIG LOTS INC	Stock	089302103	7,572	181,238	SH		SOLE		49,277	0	131,961
BIO-TECHNE CORP	Stock	09073M104	2,451	16,569	SH		SOLE		3,629	0	12,940
BLACK BOX CORP	Stock	091826107	833	411,225	SH		SOLE		171,947	0	239,278
BLACKBAUD INC	Stock	09227Q100	2,638	25,748	SH		SOLE		5,690	0	20,058
BLOOMIN' BRANDS INC	Stock	094235108	11,988	596,431	SH		SOLE		162,166	0	434,265
BLUEPRINT MEDICINES CORP	Stock	09627Y109	948	14,926	SH		SOLE		3,548	0	11,378
BRIGGS & STRATTON CORP COM	Stock	109043109	4,105	233,090	SH		SOLE		63,402	0	169,688
CABOT CORP	Stock	127055101	12,896	208,769	SH		SOLE		56,949	0	151,820
CAL MAINE FOODS INC COM NEW	Stock	128030202	1,376	30,015	SH		SOLE		7,132	0	22,883
CANTEL MEDICAL CORP	Stock	138098108	2,801	28,478	SH		SOLE		6,776	0	21,702
CAPITAL ONE FINANCIAL CORP	Stock	14040H105	22,355	243,255	SH		SOLE		183,615	0	59,640
CARE.COM INC	Stock	141633107	2,170	103,949	SH		SOLE		24,714	0	79,235
CARPENTER TECHNOLOGY	Stock	144285103	422	8,025	SH		SOLE		3,420	0	4,605
CATALENT INC	Stock	148806102	1,667	39,788	SH		SOLE		9,458	0	30,330
CATHAY GENERAL BANCORP COM	Stock	149150104	1,316	32,491	SH		SOLE		7,725	0	24,766
CAVCO INDUSTRIES	Stock	149568107	3,533	17,015	SH		SOLE		3,999	0	13,016
CECO ENVIRONMENTAL	Stock	125141101	5,704	928,923	SH		SOLE		407,155	0	521,768
CELESTICA INC SUB VTG SHS	Stock	15101Q108	9,473	798,032	SH		SOLE		216,980	0	581,052
CENTRAL GARDEN&PET CO COM	Stock	153527106	1,728	39,742	SH		SOLE		9,448	0	30,294
CENTURY CASINOS INC	Stock	156492100	3,627	414,460	SH		SOLE		177,735	0	236,725
CHARLES RIV LABS INTL COM	Stock	159864107	5,140	45,790	SH		SOLE		12,295	0	33,495
CHEFS WAREHOUSE INC	Stock	163086101	2,556	89,691	SH		SOLE		21,308	0	68,383
CHEMICAL FINL CORP COM	Stock	163731102	6,137	110,235	SH		SOLE		25,010	0	85,225
CHEVRON CORP	Stock	166764100	27,743	219,435	SH		SOLE		163,160	0	56,275
CISCO SYSTEMS	Stock	17275R102	19,182	445,785	SH		SOLE		336,405	0	109,380
CITI TRENDS INC	Stock	17306X102	1,101	40,109	SH		SOLE		9,538	0	30,571
CITIGROUP INC	Stock	172967424	34,710	518,680	SH		SOLE		385,230	0	133,450
CITIZENS FINANCIAL GROUP	Stock	174610105	13,169	338,535	SH		SOLE		255,535	0	83,000
COEUR MINING	Stock	192108504	6,556	862,647	SH		SOLE		234,549	0	628,098
COHU INC	Stock	192576106	3,419	139,490	SH		SOLE		37,927	0	101,563
COLUMBUS MCKINNON N Y COM	Stock	199333105	5,760	132,848	SH		SOLE		58,993	0	73,855
COMMVAULT SYSTEMS	Stock	204166102	2,067	31,391	SH		SOLE		7,460	0	23,931
COMTECH CORP	Stock	205826209	4,151	130,211	SH		SOLE		56,577	0	73,634
CONCERT PHARMACEUTICALS INC	Stock	206022105	626	37,212	SH		SOLE		8,844	0	28,368
CONOCOPHILLIPS	Stock	20825C104	5,796	83,255	SH		SOLE		62,850	0	20,405
CONVERGYS CORP	Stock	212485106	7,183	293,904	SH		SOLE		79,910	0	213,994
COOPER-STANDARD	Stock	21676P103	1,371	10,493	SH		SOLE		2,496	0	7,997
COOPER TIRE & RUBBER	Stock	216831107	9,381	356,676	SH		SOLE		96,978	0	259,698
COSAN LTD-CLASS A SHARES	Stock	G25343107	3,340	437,806	SH		SOLE		119,036	0	318,770
COVENANT TRANSPORTATION	Stock	22284P105	7,929	251,730	SH		SOLE		110,255	0	141,475
COWEN INC-CLASS A	Stock	223622606	6,622	478,100	SH		SOLE		212,715	0	265,385
CRA INTERNATIONAL	Stock	12618T105	5,348	105,085	SH		SOLE		44,775	0	60,310
CROSS COUNTRY HEALTH	Stock	227483104	4,410	392,019	SH		SOLE		174,682	0	217,337
CSG SYS INTL INC COM	Stock	126349109	10,197	249,494	SH		SOLE		67,837	0	181,657
CVS HEALTH	Stock	126650100	16,988	264,000	SH		SOLE		195,060	0	68,940
CYTOMX THERAPEUTICS	Stock	23284F105	913	39,924	SH		SOLE		9,483	0	30,441
DELUXE CORP COM	Stock	248019101	1,973	29,798	SH		SOLE		7,086	0	22,712
DENBURY RESOURCES INC	Stock	247916208	9,565	1,988,480	SH		SOLE		543,701	0	1,444,779
DIME COMMUNITY BANC	Stock	253922108	6,902	353,955	SH		SOLE		156,680	0	197,275
DOMINO'S PIZZA INC	Stock	25754A201	254	900	SH		SOLE		0	0	900
DOMTAR CORP	Stock	257559203	15,747	329,839	SH		SOLE		90,368	0	239,471
DONNELLEY FINANANCIAL SOLUTION	Stock	25787G100	4,795	276,022	SH		SOLE		75,049	0	200,973
DORMAN PRODUCTS INC	Stock	258278100	1,464	21,427	SH		SOLE		5,092	0	16,335
DUCOMMUN INC	Stock	264147109	7,960	240,555	SH		SOLE		106,555	0	134,000
EAGLE BANCORP INC MD COM	Stock	268948106	1,606	26,206	SH		SOLE		6,227	0	19,979
EAGLE PHARMACEUTICALS INC	Stock	269796108	429	5,665	SH		SOLE		2,425	0	3,240
EATON CORP	Stock	G29183103	13,413	179,465	SH		SOLE		135,435	0	44,030
EDWARDS LIFESCIENCES CORP	Stock	28176E108	431	2,961	SH		SOLE		756	0	2,205
EL PASO ELECTRIC CO	Stock	283677854	341	5,765	SH		SOLE		2,505	0	3,260
ELECTRO SCIENTIFIC	Stock	285229100	3,059	194,005	SH		SOLE		82,585	0	111,420
ELECTRONIC ARTS INC	Stock	285512109	976	6,919	SH		SOLE		1,243	0	5,676
EMCOR GROUP INC	Stock	29084Q100	13,473	176,860	SH		SOLE		51,002	0	125,858
EMERGENT BIOSOLUTIONS	Stock	29089Q105	2,700	53,477	SH		SOLE		12,466	0	41,011
ENCOMPASS HEALTH CORP	Stock	29261A100	3,634	53,669	SH		SOLE		12,535	0	41,134
ENCORE WIRE CORP	Stock	292562105	511	10,760	SH		SOLE		4,625	0	6,135
ENERGIZER HOLDINGS INC	Stock	29272W109	12,734	202,248	SH		SOLE		55,636	0	146,612
ENERSYS	Stock	29275Y102	13,485	180,670	SH		SOLE		49,123	0	131,547
ESSA BANCORP INC	Stock	29667D104	3,195	201,820	SH		SOLE		92,885	0	108,935
ETHAN ALLEN INTERIORS COM	Stock	297602104	5,015	204,680	SH		SOLE		90,935	0	113,745
EURONET WORLDWIDE INC COM	Stock	298736109	1,444	17,239	SH		SOLE		3,711	0	13,528
EXELON CORP COM	Stock	30161N101	16,862	395,820	SH		SOLE		291,715	0	104,105
EXPRESS SCRIPTS HOLDING CO	Stock	30219G108	9,151	118,515	SH		SOLE		89,440	0	29,075
EXTENDED STAY AMERICA INC	Stock	30224P200	2,118	98,021	SH		SOLE		23,307	0	74,714
FABRINET	Stock	G3323L100	466	12,645	SH		SOLE		5,350	0	7,295
FACEBOOK INC-A	Stock	30303M102	779	4,007	SH		SOLE		1,967	0	2,040
FEDNAT HOLDING CO	Stock	31431B109	2,883	124,950	SH		SOLE		52,700	0	72,250
FIDELITY SOUTHN CORP COM	Stock	316394105	6,090	239,670	SH		SOLE		107,345	0	132,325
FINANCIAL INSTNS INC	Stock	317585404	6,141	186,665	SH		SOLE		82,680	0	103,985
FIRST BANCORP INC ME	Stock	31866P102	3,105	110,020	SH		SOLE		50,495	0	59,525
FIRST FINANCIAL	Stock	320218100	6,381	140,710	SH		SOLE		62,800	0	77,910
FIRST FINANCIAL BANCORP	Stock	320209109	411	13,421	SH		SOLE		5,718	0	7,703
FIRST INTERNET BANC	Stock	320557101	6,777	198,737	SH		SOLE		87,527	0	111,210
FIRST MIDWEST BANCORP COM	Stock	320867104	15,493	608,285	SH		SOLE		165,389	0	442,896
FISERV INC	Stock	337738108	941	12,701	SH		SOLE		1,385	0	11,316
FNB CORP	Stock	302520101	7,460	555,917	SH		SOLE		147,332	0	408,585
FORD MOTOR CO	Stock	345370860	9,491	857,375	SH		SOLE		647,030	0	210,345
FRANKLIN FINANCIAL NETWORK	Stock	35352P104	7,700	204,800	SH		SOLE		91,495	0	113,305
FULTON FINL CORP PA COM	Stock	360271100	22,164	1,343,296	SH		SOLE		365,234	0	978,062
GENERAC HOLDINGS INC	Stock	368736104	17,454	337,404	SH		SOLE		89,969	0	247,435
GENERAL DYNAMICS	Stock	369550108	4,853	26,032	SH		SOLE		18,087	0	7,945
GENERAL MOTORS CO	Stock	37045V100	11,105	281,865	SH		SOLE		212,715	0	69,150
GLATFELTER	Stock	377316104	6,155	314,215	SH		SOLE		138,690	0	175,525
GLOBAL BRASS & COPPER HOLD	Stock	37953G103	8,686	277,069	SH		SOLE		75,334	0	201,735
GOLDMAN SACHS	Stock	38141G104	21,791	98,795	SH		SOLE		73,315	0	25,480
GRAHAM CORP	Stock	384556106	7,255	281,078	SH		SOLE		124,960	0	156,118
GRAN TIERRA ENERGY	Stock	38500T101	7,059	2,046,134	SH		SOLE		556,330	0	1,489,804
GRAND CANYON EDUCATION INC	Stock	38526M106	3,863	34,613	SH		SOLE		8,231	0	26,382
GRANITE CONSTRUCTION INC	Stock	387328107	506	9,085	SH		SOLE		3,860	0	5,225
GREAT LAKES DREDGE & DOCK	Stock	390607109	3,601	685,950	SH		SOLE		289,775	0	396,175
GREAT WESTERN BANCORP INC.	Stock	391416104	1,297	30,877	SH		SOLE		7,343	0	23,534
GREEN BANCORP INC	Stock	39260X100	3,450	159,725	SH		SOLE		67,950	0	91,775
GREENHILL & CO INC	Stock	395259104	9,977	351,290	SH		SOLE		155,275	0	196,015
GROUP 1 AUTOMOTIVE INC	Stock	398905109	4,975	78,971	SH		SOLE		21,472	0	57,499
HANCOCK WHITNEY CORP	Stock	410120109	20,333	435,858	SH		SOLE		124,037	0	311,821
HANMI FINANCIAL CORP	Stock	410495204	5,668	199,945	SH		SOLE		84,800	0	115,145
HANOVER INSURANCE GROUP INC	Stock	410867105	10,807	90,390	SH		SOLE		24,585	0	65,805
HARTE-HANKS INC COM	Stock	416196202	589	53,036	SH		SOLE		22,248	0	30,788
HARTFORD FINANCIAL SERVICES	Stock	416515104	9,996	195,504	SH		SOLE		147,844	0	47,660
HARVARD BIOSCIENCE INC COM	Stock	416906105	2,254	421,290	SH		SOLE		197,370	0	223,920
HAVERTY FURNITURE	Stock	419596101	2,202	101,925	SH		SOLE		43,570	0	58,355
HAYNES INTERNATIONAL	Stock	420877201	6,693	182,185	SH		SOLE		80,420	0	101,765
HCI GROUP INC	Stock	40416E103	8,455	203,396	SH		SOLE		90,736	0	112,660
HEALTHCARE SVCS GP	Stock	421906108	2,337	54,109	SH		SOLE		12,587	0	41,522
HEALTHEQUITY INC	Stock	42226A107	2,190	29,158	SH		SOLE		6,932	0	22,226
HELEN OF TROY LTD	Stock	G4388N106	7,604	77,241	SH		SOLE		21,001	0	56,240
HERITAGE INSURANCE HOLDING INC	Stock	42727J102	7,983	478,880	SH		SOLE		212,580	0	266,300
HEXCEL CORP	Stock	428291108	1,725	25,993	SH		SOLE		6,176	0	19,817
HILL INTERNATIONAL	Stock	431466101	3,491	591,655	SH		SOLE		260,255	0	331,400
HILLENBRAND INC	Stock	431571108	15,261	323,663	SH		SOLE		88,002	0	235,661
HOME DEPOT INC	Stock	437076102	937	4,804	SH		SOLE		1,604	0	3,200
HOMESTREET INC	Stock	43785V102	7,749	287,525	SH		SOLE		127,090	0	160,435
HOMETRUST BANCSHARES	Stock	437872104	6,164	218,955	SH		SOLE		96,365	0	122,590
HOOKER FURNITURE CORP	Stock	439038100	3,125	66,625	SH		SOLE		28,125	0	38,500
HOPE BANCORP	Stock	43940T109	458	25,710	SH		SOLE		11,100	0	14,610
HORIZON BANCORP INC	Stock	440407104	6,419	310,232	SH		SOLE		132,347	0	177,885
HORIZON PHARMA PLC	Stock	G4617B105	1,820	109,901	SH		SOLE		26,108	0	83,793
HP INC	Stock	40434L105	8,748	385,560	SH		SOLE		290,985	0	94,575
HUB GROUP INC CL A	Stock	443320106	1,528	30,679	SH		SOLE		7,290	0	23,389
HUDBAY MINERALS INC	Stock	443628102	2,979	531,940	SH		SOLE		147,398	0	384,542
HUNTSMAN CORP	Stock	447011107	6,989	239,337	SH		SOLE		181,037	0	58,300
HYSTER-YALE MATERIALS	Stock	449172105	9,021	140,400	SH		SOLE		38,174	0	102,226
ICHOR HOLDINGS LTD	Stock	G4740B105	6,883	324,365	SH		SOLE		144,175	0	180,190
IDACORP INC COM	Stock	451107106	9,538	103,407	SH		SOLE		28,953	0	74,454
IDT CORP CL B	Stock	448947507	3,970	706,390	SH		SOLE		317,550	0	388,840
II VI INC COM	Stock	902104108	2,263	52,075	SH		SOLE		14,373	0	37,702
INDEPENDENT BANK MI	Stock	453838609	7,475	293,145	SH		SOLE		131,360	0	161,785
INGEVITY CORP	Stock	45688C107	2,547	31,500	SH		SOLE		6,978	0	24,522
INOGEN INC	Stock	45780L104	4,520	24,259	SH		SOLE		5,768	0	18,491
INTEGRATED DEVICE TECH INC	Stock	458118106	2,020	63,367	SH		SOLE		15,067	0	48,300
INTEL CORP	Stock	458140100	379	7,627	SH		SOLE		2,902	0	4,725
INTERCONTINENTAL EXCH	Stock	45866F104	897	12,190	SH		SOLE		3,247	0	8,943
INTERDIGITAL COMMUNCTN COM	Stock	45867G101	1,624	20,070	SH		SOLE		4,771	0	15,299
INTERNATIONAL BNCSHRS COM	Stock	459044103	15,112	353,082	SH		SOLE		96,001	0	257,081
ITRON INC	Stock	465741106	11,745	195,594	SH		SOLE		53,181	0	142,413
JABIL INC	Stock	466313103	7,112	257,125	SH		SOLE		194,075	0	63,050
JOHN BEAN TECHNOLOGIES CORP	Stock	477839104	2,333	26,240	SH		SOLE		6,122	0	20,118
JOHNSON & JOHNSON	Stock	478160104	22,772	187,669	SH		SOLE		139,094	0	48,575
JPMORGAN CHASE	Stock	46625H100	34,246	328,661	SH		SOLE		243,201	0	85,460
KB HOME	Stock	48666K109	17,895	656,927	SH		SOLE		178,614	0	478,313
KBR INC	Stock	48242W106	9,723	542,551	SH		SOLE		148,589	0	393,962
KENNAMETAL INC	Stock	489170100	1,335	37,200	SH		SOLE		8,844	0	28,356
KEYCORP	Stock	493267108	8,802	450,455	SH		SOLE		340,905	0	109,550
KIMBALL ELECTRONICS	Stock	49428J109	4,282	233,975	SH		SOLE		102,250	0	131,725
KINGSTONE COMPANIES INC	Stock	496719105	6,049	357,925	SH		SOLE		156,825	0	201,100
KIRKLANDS INC COM	Stock	497498105	5,109	438,955	SH		SOLE		197,475	0	241,480
KLA-TENCOR CORPORATION	Stock	482480100	208	2,028	SH		SOLE		0	0	2,028
KNOLL INC	Stock	498904200	1,117	53,658	SH		SOLE		12,758	0	40,900
KORN FERRY INTL COM NEW	Stock	500643200	8,767	141,561	SH		SOLE		38,490	0	103,071
KRATON CORP	Stock	50077C106	12,825	277,955	SH		SOLE		75,574	0	202,381
KROGER CO	Stock	501044101	7,556	265,595	SH		SOLE		200,445	0	65,150
KULICKE & SOFFA INDS COM	Stock	501242101	9,914	416,194	SH		SOLE		113,161	0	303,033
LAKELAND BANCORP INC COM	Stock	511637100	6,179	311,265	SH		SOLE		139,215	0	172,050
LAM RESEARCH CORP	Stock	512807108	14,073	81,420	SH		SOLE		60,230	0	21,190
LANDEC CORP	Stock	514766104	6,335	425,190	SH		SOLE		180,090	0	245,100
LEAR CORP	Stock	521865204	16,717	89,970	SH		SOLE		67,990	0	21,980
LHC GROUP	Stock	50187A107	5,688	66,458	SH		SOLE		18,070	0	48,388
LITTELFUSE INC	Stock	537008104	3,040	13,323	SH		SOLE		3,090	0	10,233
LYONDELLBASELL INDU-CL A	Stock	N53745100	18,358	167,115	SH		SOLE		123,650	0	43,465
M/I HOMES INC COM	Stock	55305B101	6,661	251,564	SH		SOLE		68,399	0	183,165
MARATHON PETROLEUM CORP	Stock	56585A102	16,216	231,124	SH		SOLE		171,164	0	59,960
MARKETAXXESS HLDGS INC COM	Stock	57060D108	1,544	7,803	SH		SOLE		1,686	0	6,117
MATADOR RESOURCES CO	Stock	576485205	1,047	34,848	SH		SOLE		8,279	0	26,569
MATRIX SVC CO	Stock	576853105	4,428	241,285	SH		SOLE		107,265	0	134,020
MATTHEWS INTL CORP CL A	Stock	577128101	9,774	166,222	SH		SOLE		45,195	0	121,027
MEDIDATA SOLUTIONS INC	Stock	58471A105	2,711	33,652	SH		SOLE		8,002	0	25,650
MELLANOX TECHNOLOGIES LTD	Stock	M51363113	2,124	25,197	SH		SOLE		5,990	0	19,207
MERCER INTL INC	Stock	588056101	6,676	381,497	SH		SOLE		103,726	0	277,771
MEREDITH CORP	Stock	589433101	12,955	254,026	SH		SOLE		70,370	0	183,656
META FINANCIAL GROUP	Stock	59100U108	5,915	60,733	SH		SOLE		25,913	0	34,820
MICROCHIP TECHNOLOGY INC	Stock	595017104	357	3,925	SH		SOLE		1,274	0	2,651
MICROSOFT CORP	Stock	594918104	399	4,042	SH		SOLE		4,042	0	0
MIDDLEBY CORP COM	Stock	596278101	882	8,444	SH		SOLE		1,783	0	6,661
MOBILE MINI INC COM	Stock	60740F105	1,860	39,661	SH		SOLE		9,425	0	30,236
MONOLITHIC POWER SYSTEMS	Stock	609839105	2,614	19,553	SH		SOLE		4,513	0	15,040
MOTORCAR PARTS OF AMERICA	Stock	620071100	5,700	304,665	SH		SOLE		135,850	0	168,815
MOVADO GROUP INC COM	Stock	624580106	5,313	110,002	SH		SOLE		29,908	0	80,094
NAVIGANT CONSULTING INC	Stock	63935N107	5,775	260,825	SH		SOLE		70,917	0	189,908
NCS MULTISTAGE HOLDING INC	Stock	628877102	3,825	263,275	SH		SOLE		118,387	0	144,888
NELNET INC CL A	Stock	64031N108	9,437	161,559	SH		SOLE		43,927	0	117,632
NEOGEN CORP	Stock	640491106	3,494	43,574	SH		SOLE		10,147	0	33,427
NET 1 UEPS TECHS NEW	Stock	64107N206	5,216	574,475	SH		SOLE		255,700	0	318,775
NETAPP INC	Stock	64110D104	235	2,989	SH		SOLE		709	0	2,280
NETFLIX INC	Stock	64110L106	201	513	SH		SOLE		513	0	0
NETGEAR INC	Stock	64111Q104	5,506	88,094	SH		SOLE		23,952	0	64,142
NEWPARK RESOURCES INC	Stock	651718504	4,203	387,410	SH		SOLE		174,310	0	213,100
NORTHEAST BANCORP COM	Stock	663904209	1,643	75,375	SH		SOLE		32,265	0	43,110
NORTHRIM BANCORP INC	Stock	666762109	2,370	59,915	SH		SOLE		25,690	0	34,225
NORTHWEST PIPE CO COM	Stock	667746101	5,314	274,325	SH		SOLE		117,300	0	157,025
NUCOR CORP	Stock	670346105	13,867	221,865	SH		SOLE		164,510	0	57,355
NVENT ELECTRIC PLC	Stock	G6700G107	5,991	238,680	SH		SOLE		180,210	0	58,470
O'REILLY AUTOMOTIVE INC	Stock	67103H107	215	786	SH		SOLE		0	0	786
OCEANEERING INTL INC	Stock	675232102	457	17,960	SH		SOLE		7,125	0	10,835
OCEANFIRST FINL CORP COM	Stock	675234108	487	16,250	SH		SOLE		6,975	0	9,275
OLD NATIONAL BANCORP	Stock	680033107	25,270	1,358,623	SH		SOLE		373,854	0	984,769
OLYMPIC STEEL INC COM	Stock	68162K106	5,702	279,390	SH		SOLE		124,140	0	155,250
OMNICELL INC	Stock	68213N109	1,988	37,903	SH		SOLE		8,991	0	28,912
ONE GAS INC	Stock	68235P108	232	3,100	SH		SOLE		1,100	0	2,000
OPUS BANK	Stock	684000102	7,412	258,265	SH		SOLE		110,140	0	148,125
ORION GROUP HLDGS	Stock	68628V308	7,212	873,124	SH		SOLE		389,661	0	483,463
OWENS-ILLINOIS INC	Stock	690768403	12,764	759,315	SH		SOLE		207,766	0	551,549
PACIFIC ETHANOL INC COM	Stock	69423U305	2,986	1,148,471	SH		SOLE		515,467	0	633,004
PAN AMERICAN SILVER CORP	Stock	697900108	10,435	582,940	SH		SOLE		158,498	0	424,442
PAPA JOHN'S INTL INC	Stock	698813102	709	13,973	SH		SOLE		3,322	0	10,651
PARK OHIO HLDGS CORP COM	Stock	700666100	3,546	95,079	SH		SOLE		25,851	0	69,228
PATTERSON COS INC	Stock	703395103	402	17,725	SH		SOLE		7,575	0	10,150
PAYPAL INC COM	Stock	70450Y103	221	2,655	SH		SOLE		2,655	0	0
PENTAIR PLC	Stock	G7S00T104	5,045	119,880	SH		SOLE		84,910	0	34,970
PEOPLES BANCORP INC	Stock	709789101	6,988	184,960	SH		SOLE		78,345	0	106,615
PFIZER INC	Stock	717081103	24,858	685,170	SH		SOLE		517,045	0	168,125
PHIBRO ANIMAL HEALTH A	Stock	71742Q106	2,735	59,398	SH		SOLE		14,125	0	45,273
PHILIP MORRIS INTERNATIONAL	Stock	718172109	8,676	107,455	SH		SOLE		81,105	0	26,350
PHOTRONICS	Stock	719405102	4,195	526,075	SH		SOLE		237,000	0	289,075
PLANTRONICS	Stock	727493108	13,330	174,822	SH		SOLE		47,533	0	127,289
PLEXUS CORP	Stock	729132100	400	6,725	SH		SOLE		2,450	0	4,275
POLA POWER INC	Stock	73102V105	1,129	184,815	SH		SOLE		75,960	0	108,855
PORTLAND GENERAL ELECTRIC	Stock	736508847	11,233	262,688	SH		SOLE		76,783	0	185,905
PPL CORPORATION	Stock	69351T106	14,805	518,578	SH		SOLE		384,818	0	133,760
PROOFPOINT INC	Stock	743424103	358	3,107	SH		SOLE		0	0	3,107
PRUDENTIAL FINANCIAL	Stock	744320102	16,730	178,915	SH		SOLE		135,035	0	43,880
PUBLIC SERVICE ENTERPRISE GP	Stock	744573106	7,590	140,185	SH		SOLE		105,845	0	34,340
QUALITY SYS INC COM	Stock	747582104	6,658	341,454	SH		SOLE		92,839	0	248,615
RAMACO RESOURCES INC	Stock	75134P303	2,552	366,675	SH		SOLE		155,325	0	211,350
RCI HOSPITALITY	Stock	74934Q108	3,120	98,570	SH		SOLE		42,270	0	56,300
REALPAGE INC	Stock	75606N109	2,393	43,426	SH		SOLE		10,319	0	33,107
REGAL-BELOIT CORP	Stock	758750103	15,568	190,313	SH		SOLE		52,294	0	138,019
RING ENERGY INC	Stock	76680V108	1,839	145,730	SH		SOLE		65,760	0	79,970
ROCKWELL AUTOMATION	Stock	773903109	208	1,250	SH		SOLE		0	0	1,250
ROCKWELL COLLINS INC	Stock	774341101	248	1,838	SH		SOLE		1,056	0	782
RTI SURGICAL INC	Stock	74975N105	4,812	1,045,995	SH		SOLE		467,905	0	578,090
RUDOLPH TECHNOLOGIES	Stock	781270103	8,375	282,931	SH		SOLE		110,301	0	172,630
RUTHS HOSPITALITY GROUP	Stock	783332109	2,202	78,502	SH		SOLE		18,658	0	59,844
SALEM MEDIA GROUP	Stock	794093104	1,590	308,815	SH		SOLE		133,430	0	175,385
SANMINA SCI CORP	Stock	801056102	9,269	316,361	SH		SOLE		86,017	0	230,344
SCANSOURCE INC COM	Stock	806037107	5,261	130,548	SH		SOLE		35,495	0	95,053
SCIENCE APPLICATIONS INTL	Stock	808625107	10,865	134,257	SH		SOLE		36,504	0	97,753
SELECT MEDICAL HOLDINGS	Stock	81619Q105	14,188	781,719	SH		SOLE		212,544	0	569,175
SHOE CARNIVAL INC COM	Stock	824889109	4,555	140,375	SH		SOLE		60,025	0	80,350
SI FINANCIAL GROUP	Stock	78425V104	1,932	130,970	SH		SOLE		57,275	0	73,695
SIERRA BANCORP COM	Stock	82620P102	4,875	172,640	SH		SOLE		77,400	0	95,240
SILICOM LTD	Stock	M84116108	5,009	130,228	SH		SOLE		57,178	0	73,050
SIRIUS XM HOLDINGS	Stock	82968B103	165	24,344	SH		SOLE		0	0	24,344
SNAP-ON INC	Stock	833034101	562	3,495	SH		SOLE		575	0	2,920
SOUTHERN NATL BANCORP OF VA	Stock	843395104	4,502	252,350	SH		SOLE		113,810	0	138,540
SOUTHWESTERN ENERGY CO	Stock	845467109	10,709	2,020,639	SH		SOLE		560,387	0	1,460,252
SPOK HOLDINGS	Stock	84863T106	5,035	334,520	SH		SOLE		150,040	0	184,480
SRC ENERGY INC	Stock	78470V108	300	27,255	SH		SOLE		11,850	0	15,405
STATE STREET CORP	Stock	857477103	8,939	96,020	SH		SOLE		72,485	0	23,535
STEPAN CO COM	Stock	858586100	10,159	130,229	SH		SOLE		35,408	0	94,821
STERLING CONSTRUCTION	Stock	859241101	6,825	523,805	SH		SOLE		231,230	0	292,575
SUMMIT MATERIALS A	Stock	86614U100	1,863	70,955	SH		SOLE		15,930	0	55,025
SUPER MICRO COMPUTER	Stock	86800U104	508	21,480	SH		SOLE		9,300	0	12,180
SURMODICS INC COM	Stock	868873100	3,915	70,915	SH		SOLE		30,215	0	40,700
SYKES ENTERPRISES INC	Stock	871237103	5,931	206,084	SH		SOLE		53,710	0	152,374
SYNAPTICS INC COM	Stock	87157D109	341	6,765	SH		SOLE		2,490	0	4,275
TARGET CORP	Stock	87612E106	14,648	192,435	SH		SOLE		141,495	0	50,940
TCF FINANCIAL CORP	Stock	872275102	21,030	854,184	SH		SOLE		234,659	0	619,525
TECH DATA CORP	Stock	878237106	11,343	138,124	SH		SOLE		37,555	0	100,569
TEGNA INC	Stock	87901J105	7,567	697,378	SH		SOLE		189,691	0	507,687
TERRITORIAL BANCORP INC	Stock	88145X108	4,716	152,120	SH		SOLE		68,945	0	83,175
TUTOR PERINI CORP	Stock	901109108	225	12,200	SH		SOLE		4,450	0	7,750
TYLER TECHNOLOGIES INC COM	Stock	902252105	2,099	9,451	SH		SOLE		2,246	0	7,205
TYSON FOODS A	Stock	902494103	11,063	160,686	SH		SOLE		117,136	0	43,550
UBIQUITI NETWORKS INC	Stock	90347A100	2,107	24,871	SH		SOLE		5,910	0	18,961
ULTIMATE SOFTWARE GROUP INC	Stock	90385D107	2,564	9,966	SH		SOLE		2,127	0	7,839
UMPQUA HLDGS CORP COM	Stock	904214103	7,848	347,398	SH		SOLE		93,842	0	253,556
UNION PACFIC CORP	Stock	907818108	8,782	61,985	SH		SOLE		46,770	0	15,215
UNITED CMNTY FINL OHIO COM	Stock	909839102	6,748	613,975	SH		SOLE		263,050	0	350,925
UNITED HEALTH GROUP	Stock	91324P102	689	2,809	SH		SOLE		1,184	0	1,625
UNITED INSURANCE HOLDINGS	Stock	910710102	5,322	271,811	SH		SOLE		114,811	0	157,000
UNITED TECHNOLOGIES CORP	Stock	913017109	7,263	58,090	SH		SOLE		43,830	0	14,260
UNITIL CORP	Stock	913259107	7,784	152,500	SH		SOLE		67,540	0	84,960
UNIVERSAL ELECTRS INC COM	Stock	913483103	8,135	246,135	SH		SOLE		107,875	0	138,260
UNIVERSAL FST PRODS COM	Stock	913543104	12,843	350,715	SH		SOLE		95,357	0	255,358
UNIVERSAL STAINLESS	Stock	913837100	5,669	239,520	SH		SOLE		106,873	0	132,647
UNUM GROUP	Stock	91529Y106	10,337	279,464	SH		SOLE		211,304	0	68,160
US BANCORP	Stock	902973304	6,637	132,685	SH		SOLE		100,135	0	32,550
VAIL RESORTS INC	Stock	91879Q109	215	785	SH		SOLE		0	0	785
VALMONT INDUSTRIES	Stock	920253101	1,368	9,075	SH		SOLE		2,155	0	6,920
VANDA PHARMACEUTICALS INC	Stock	921659108	957	50,260	SH		SOLE		11,942	0	38,318
VAREX IMAGING CORP	Stock	92214X106	448	12,080	SH		SOLE		5,225	0	6,855
VEEVA SYSTEMS INC A	Stock	922475108	2,053	26,708	SH		SOLE		6,349	0	20,359
VERISK ANALYTICS INC-CLASS A	Stock	92345Y106	218	2,027	SH		SOLE		0	0	2,027
VERIZON COMM INC	Stock	92343V104	31,456	625,250	SH		SOLE		466,615	0	158,635
VISA INC A	Stock	92826C839	953	7,195	SH		SOLE		2,895	0	4,300
VISHAY INTERTECHNOLOGY INC	Stock	928298108	17,787	766,669	SH		SOLE		207,360	0	559,309
W & T OFFSHORE	Stock	92922P106	6,696	936,475	SH		SOLE		254,622	0	681,853
WABASH NATIONAL CORP	Stock	929566107	414	22,175	SH		SOLE		9,375	0	12,800
WADDELL & REED FINANCIAL-A	Stock	930059100	10,232	569,380	SH		SOLE		154,811	0	414,569
WASHINGTON FEDERAL INC	Stock	938824109	14,191	433,962	SH		SOLE		117,991	0	315,971
WASHINGTON TRUST BANCORP	Stock	940610108	4,593	79,045	SH		SOLE		33,930	0	45,115
WATERSTONE FINANCIAL INC	Stock	94188P101	3,955	231,950	SH		SOLE		105,375	0	126,575
WELBILT INC	Stock	949090104	1,404	62,919	SH		SOLE		14,957	0	47,962
WESBANCO INC COM	Stock	950810101	9,744	216,345	SH		SOLE		58,823	0	157,522
WESTERN ALLIANCE BANCORP	Stock	957638109	2,465	43,535	SH		SOLE		9,304	0	34,231
WESTERN DIGITAL CORP	Stock	958102105	12,926	166,975	SH		SOLE		123,670	0	43,305
WHITING PETE CORP	Stock	966387409	6,706	127,197	SH		SOLE		34,604	0	92,593
WILEY JOHN & SONS INC CL A	Stock	968223206	8,355	133,892	SH		SOLE		36,783	0	97,109
WINGSTOP INC	Stock	974155103	2,048	39,286	SH		SOLE		9,331	0	29,955
WINTRUST FINL CORP COM	Stock	97650W108	9,652	110,879	SH		SOLE		29,702	0	81,177
WOLVERINE WORLD WIDE INC	Stock	978097103	8,951	257,433	SH		SOLE		69,994	0	187,439
ZOETIS INC	Stock	98978V103	878	10,301	SH		SOLE		2,124	0	8,177
BP PLC ADR	ADR	055622104	30,997	678,855	SH		SOLE		503,850	0	175,005
CHIPMOS TECHNOLOGIES A	ADR	16965P103	2,859	188,930	SH		SOLE		51,370	0	137,560
ROYAL DUTCH SHELL PLC ADR	ADR	780259107	15,922	219,160	SH		SOLE		165,410	0	53,750