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
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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	11,788	624,680	SH		SOLE		170,412	0	454,268
ASHFORD HOSPITALITY TR COM SHS	REIT	044103109	8,233	1,288,345	SH		SOLE		351,458	0	936,887
BRANDYWINE REALTY TRUST	REIT	105368203	11,784	749,599	SH		SOLE		209,878	0	539,721
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	7,774	250,930	SH		SOLE		109,530	0	141,400
CONDOR HOSPITALITY	REIT	20676Y403	2,101	196,534	SH		SOLE		88,286	0	108,248
CORECIVIC INC	REIT	21871N101	2,768	113,763	SH		SOLE		31,395	0	82,368
DIAMONDROCK HOSPITALITY	REIT	252784301	409	35,035	SH		SOLE		15,500	0	19,535
ESSENTIAL PROPERTIES REALTY	REIT	29670E107	271	19,120	SH		SOLE		7,425	0	11,695
GEO GROUP INC	REIT	36162J106	2,276	90,454	SH		SOLE		24,665	0	65,789
HOSPITALITY PROPERTIES TRUST	REIT	44106M102	4,457	154,528	SH		SOLE		43,150	0	111,378
INDEPENDENCE REALTY TRUST	REIT	45378A106	7,418	704,445	SH		SOLE		310,860	0	393,585
KIMCO REALTY CORP	REIT	49446R109	7,526	449,575	SH		SOLE		352,500	0	97,075
LEXINGTON REALTY TRUST	REIT	529043101	10,823	1,303,979	SH		SOLE		359,660	0	944,319
MEDICAL PROPERTIES TRUST INC	REIT	58463J304	9,619	645,164	SH		SOLE		176,160	0	469,004
PENNSYLVANIA REAL ESTATE TRST	REIT	709102107	2,131	225,222	SH		SOLE		61,485	0	163,737
PROLOGIS INC	REIT	74340W103	8,444	124,555	SH		SOLE		97,680	0	26,875
SAFETY INCOME AND GROWTH	REIT	78649D104	6,060	323,530	SH		SOLE		142,005	0	181,525
SELECT INCOME REIT	REIT	81618T100	7,128	324,865	SH		SOLE		90,025	0	234,840
SUNSTONE HOTEL INV INC	REIT	867892101	1,521	92,947	SH		SOLE		21,989	0	70,958
VEREIT INC	REIT	92339V100	7,582	1,044,291	SH		SOLE		819,151	0	225,140
WELLTOWER INC	REIT	95040Q104	10,586	164,581	SH		SOLE		123,454	0	41,127
1 800 FLOWERS COM CL A	COM	68243Q106	4,593	389,270	SH		SOLE		171,566	0	217,704
A O SMITH CORP	COM	831865209	707	13,241	SH		SOLE		1,999	0	11,242
AAR CORP	COM	000361105	16,721	349,160	SH		SOLE		89,369	0	259,791
AARON'S INC	COM	002535300	11,166	205,040	SH		SOLE		55,934	0	149,106
ABRAXAS PETE CORP	COM	003830106	5,134	2,203,430	SH		SOLE		971,990	0	1,231,440
ADOBE INC	COM	00724F101	275	1,019	SH		SOLE		1,019	0	0
ADTALEM GLOBAL EDUCATION	COM	00737L103	13,697	284,169	SH		SOLE		79,701	0	204,468
ADURO BIOTECH INC	COM	00739L101	786	106,907	SH		SOLE		25,274	0	81,633
AEGION CORP	COM	00770F104	11,603	457,189	SH		SOLE		161,467	0	295,722
AIRCASTLE LTD	COM	G0129K104	15,286	697,680	SH		SOLE		190,326	0	507,354
AKEBIA THERAPEUTICS INC	COM	00972D105	682	77,190	SH		SOLE		18,230	0	58,960
ALLERGAN PLC	COM	G0177J108	17,877	93,853	SH		SOLE		73,603	0	20,250
ALLETE INC	COM	018522300	10,773	143,623	SH		SOLE		39,285	0	104,338
ALLIANCE RES PARTNR LP UT LTD	COM	01877R108	5,672	278,038	SH		SOLE		75,638	0	202,400
ALLIANCEBERNSTEIN HOLDING LP	COM	01881G106	13,619	447,263	SH		SOLE		122,028	0	325,235
ALLOT COMMUNICATIONS LTD	COM	M0854Q105	1,068	172,865	SH		SOLE		72,565	0	100,300
ALLSCRIPTS HEALTHCARE	COM	01988P108	330	23,178	SH		SOLE		10,513	0	12,665
ALPHA & OMEGA SEMI	COM	G6331P104	3,689	317,185	SH		SOLE		139,160	0	178,025
ALPHABET INC A	COM	02079K305	893	740	SH		SOLE		315	0	425
AMAG PHARMACEUTICALS	COM	00163U106	3,586	179,325	SH		SOLE		74,500	0	104,825
AMAZON.COM INC	COM	023135106	1,014	506	SH		SOLE		231	0	275
AMC NETWORKS INC-A	COM	00164V103	1,703	25,667	SH		SOLE		6,074	0	19,593
AMEDISYS INC	COM	023436108	4,306	34,459	SH		SOLE		8,151	0	26,308
AMERICAN AIRLINES GROUP	COM	02376R102	9,866	238,717	SH		SOLE		182,157	0	56,560
AMERICAN AXLE & MFG HOLDINGS	COM	024061103	16,987	974,033	SH		SOLE		265,715	0	708,318
AMERICAN WOODMARK CORP	COM	030506109	1,153	14,699	SH		SOLE		3,477	0	11,222
AMERIPRISE FINANCIAL	COM	03076C106	11,889	80,517	SH		SOLE		60,120	0	20,397
AMGEN INC	COM	031162100	19,440	93,780	SH		SOLE		72,025	0	21,755
AMPHENOL CORP-CL A	COM	032095101	1,024	10,891	SH		SOLE		1,821	0	9,070
ANGIODYNAMICS INC	COM	03475V101	7,642	351,533	SH		SOLE		155,323	0	196,210
ANIKA THERAPEUTICS INC COM	COM	035255108	2,380	56,415	SH		SOLE		23,790	0	32,625
APOGEE ENTERPRISES	COM	037598109	447	10,825	SH		SOLE		4,325	0	6,500
APPLE INC	COM	037833100	1,077	4,773	SH		SOLE		2,033	0	2,740
ARCBEST CORPORATION	COM	03937C105	9,711	200,026	SH		SOLE		54,544	0	145,482
ARISTA NETWORKS INC	COM	040413106	200	754	SH		SOLE		0	0	754
ARMSTRONG WORLD	COM	04247x102	2,780	39,940	SH		SOLE		9,449	0	30,491
ASPEN TECHNOLOGY INC	COM	045327103	2,348	20,611	SH		SOLE		4,772	0	15,839
ASSOCIATED BANC CORP	COM	045487105	18,872	725,849	SH		SOLE		199,930	0	525,919
AT & T INC COM	COM	00206R102	33,503	997,711	SH		SOLE		774,266	0	223,445
AVX CORP	COM	002444107	6,858	379,922	SH		SOLE		103,642	0	276,280
AXT INC	COM	00246W103	4,586	641,385	SH		SOLE		282,630	0	358,755
BANC OF CALIFORNIA	COM	05990K106	424	22,445	SH		SOLE		10,200	0	12,245
BANK OF COMMERCE HOLDINGS	COM	06424J103	2,030	166,355	SH		SOLE		70,005	0	96,350
BANNER CORP	COM	06652V208	503	8,094	SH		SOLE		3,164	0	4,930
BAR HARBOR BANKSHARES	COM	066849100	2,667	92,859	SH		SOLE		39,107	0	53,752
BARNES GROUP INC	COM	067806109	13,981	196,826	SH		SOLE		53,693	0	143,133
BARRETT BUSINESS SVCS INC	COM	068463108	5,185	77,650	SH		SOLE		34,049	0	43,601
BEL FUSE INC - CL B	COM	077347300	4,009	151,290	SH		SOLE		69,115	0	82,175
BELDEN INC	COM	077454106	7,113	99,601	SH		SOLE		27,171	0	72,430
BERKSHIRE HILLS BANC	COM	084680107	7,107	174,621	SH		SOLE		48,941	0	125,680
BIG LOTS INC	COM	089302103	7,761	185,718	SH		SOLE		50,664	0	135,054
BIO-TECHNE CORP	COM	09073M104	3,350	16,412	SH		SOLE		3,605	0	12,807
BLACKBAUD INC	COM	09227Q100	2,431	23,952	SH		SOLE		5,276	0	18,676
BLOOMIN' BRANDS INC	COM	094235108	14,731	744,355	SH		SOLE		202,972	0	541,383
BLUEPRINT MEDICINES CORP	COM	09627Y109	1,163	14,903	SH		SOLE		3,525	0	11,378
BOX INC	COM	10316T104	1,386	57,974	SH		SOLE		13,707	0	44,267
BRIGGS & STRATTON CORP COM	COM	109043109	4,587	238,552	SH		SOLE		65,076	0	173,476
CABOT CORP	COM	127055101	13,132	209,382	SH		SOLE		57,280	0	152,102
CAL MAINE FOODS INC COM NEW	COM	128030202	1,722	35,647	SH		SOLE		8,428	0	27,219
CANTEL MEDICAL CORP	COM	138098108	2,133	23,175	SH		SOLE		5,483	0	17,692
CAPITAL ONE FINANCIAL CORP	COM	14040H105	27,392	288,549	SH		SOLE		226,259	0	62,290
CARE.COM INC	COM	141633107	2,295	103,788	SH		SOLE		24,553	0	79,235
CARPENTER TECHNOLOGY	COM	144285103	358	6,075	SH		SOLE		2,770	0	3,305
CATALENT INC	COM	148806102	1,810	39,726	SH		SOLE		9,396	0	30,330
CATERPILLAR INC	COM	149123101	14,031	92,015	SH		SOLE		72,140	0	19,875
CATHAY GENERAL BANCORP COM	COM	149150104	1,344	32,440	SH		SOLE		7,674	0	24,766
CAVCO INDUSTRIES	COM	149568107	3,813	15,071	SH		SOLE		3,496	0	11,575
CECO ENVIRONMENTAL	COM	125141101	5,957	755,915	SH		SOLE		330,335	0	425,580
CELESTICA INC SUB VTG SHS	COM	15101Q108	8,856	817,766	SH		SOLE		223,085	0	594,681
CENTRAL GARDEN&PET CO COM	COM	153527106	1,430	39,681	SH		SOLE		9,387	0	30,294
CENTURY CASINOS INC	COM	156492100	3,000	402,100	SH		SOLE		169,725	0	232,375
CH ROBINSON	COM	12541W209	215	2,191	SH		SOLE		0	0	2,191
CHARLES RIV LABS INTL COM	COM	159864107	6,170	45,863	SH		SOLE		12,368	0	33,495
CHEFS WAREHOUSE INC	COM	163086101	3,255	89,552	SH		SOLE		21,169	0	68,383
CHEMICAL FINL CORP COM	COM	163731102	5,894	110,378	SH		SOLE		25,153	0	85,225
CHEVRON CORP	COM	166764100	31,765	259,771	SH		SOLE		201,146	0	58,625
CISCO SYSTEMS	COM	17275R102	30,450	625,900	SH		SOLE		490,745	0	135,155
CITI TRENDS INC	COM	17306X102	1,152	40,046	SH		SOLE		9,475	0	30,571
CITIGROUP INC	COM	172967424	44,027	613,708	SH		SOLE		474,708	0	139,000
CITIZENS FINANCIAL GROUP	COM	174610105	15,487	401,535	SH		SOLE		314,860	0	86,675
CLEVELAND-CLIFFS INC	COM	185899101	7,287	575,597	SH		SOLE		156,955	0	418,642
CNO FINANCIAL GROUP INC	COM	12621E103	11,087	522,458	SH		SOLE		142,464	0	379,994
COEUR MINING	COM	192108504	4,712	883,991	SH		SOLE		241,152	0	642,839
COHU INC	COM	192576106	3,588	142,945	SH		SOLE		38,996	0	103,949
COLUMBUS MCKINNON N Y COM	COM	199333105	5,099	128,953	SH		SOLE		56,743	0	72,210
COMMVAULT SYSTEMS	COM	204166102	1,946	27,805	SH		SOLE		6,574	0	21,231
CONCERT PHARMACEUTICALS INC	COM	206022105	551	37,155	SH		SOLE		8,787	0	28,368
CONOCOPHILLIPS	COM	20825C104	7,650	98,837	SH		SOLE		77,507	0	21,330
CONVERGYS CORP	COM	212485106	7,150	301,173	SH		SOLE		82,160	0	219,013
COOPER-STANDARD	COM	21676P103	1,257	10,477	SH		SOLE		2,480	0	7,997
COOPER TIRE & RUBBER	COM	216831107	8,183	289,166	SH		SOLE		78,850	0	210,316
COSAN LTD-CLASS A SHARES	COM	G25343107	2,956	439,183	SH		SOLE		119,824	0	319,359
COVENANT TRANSPORTATION	COM	22284P105	5,999	206,445	SH		SOLE		86,200	0	120,245
COWEN INC-CLASS A	COM	223622606	7,565	464,100	SH		SOLE		204,495	0	259,605
CRA INTERNATIONAL	COM	12618T105	5,122	101,990	SH		SOLE		42,755	0	59,235
CROSS COUNTRY HEALTH	COM	227483104	3,326	380,953	SH		SOLE		167,432	0	213,521
CSG SYS INTL INC COM	COM	126349109	10,262	255,662	SH		SOLE		69,745	0	185,917
CVS HEALTH	COM	126650100	22,168	281,601	SH		SOLE		216,436	0	65,165
CYTOMX THERAPEUTICS	COM	23284F105	737	39,862	SH		SOLE		9,421	0	30,441
DENBURY RESOURCES INC	COM	247916208	12,633	2,037,571	SH		SOLE		558,890	0	1,478,681
DICK'S SPORTING GOODS INC	COM	253393102	1,867	52,633	SH		SOLE		12,453	0	40,180
DIME COMMUNITY BANC	COM	253922108	6,838	383,065	SH		SOLE		166,450	0	216,615
DOMINO'S PIZZA INC	COM	25754A201	265	900	SH		SOLE		0	0	900
DOMTAR CORP	COM	257559203	17,262	330,873	SH		SOLE		90,960	0	239,913
DONNELLEY FINANANCIAL SOLUTION	COM	25787G100	5,069	282,854	SH		SOLE		77,162	0	205,692
DORMAN PRODUCTS INC	COM	258278100	2,054	26,704	SH		SOLE		6,313	0	20,391
DUCOMMUN INC	COM	264147109	8,395	205,570	SH		SOLE		89,745	0	115,825
EAGLE BANCORP INC MD COM	COM	268948106	1,324	26,165	SH		SOLE		6,186	0	19,979
EAGLE PHARMACEUTICALS INC	COM	269796108	364	5,250	SH		SOLE		2,375	0	2,875
EATON CORP	COM	G29183103	18,464	212,885	SH		SOLE		166,930	0	45,955
EDWARDS LIFESCIENCES CORP	COM	28176E108	797	4,577	SH		SOLE		672	0	3,905
EL PASO ELECTRIC CO	COM	283677854	315	5,500	SH		SOLE		2,505	0	2,995
ELECTRO SCIENTIFIC	COM	285229100	3,689	211,410	SH		SOLE		88,235	0	123,175
ELECTRONIC ARTS INC	COM	285512109	817	6,780	SH		SOLE		1,104	0	5,676
EMCOR GROUP INC	COM	29084Q100	13,319	177,333	SH		SOLE		51,288	0	126,045
EMERGENT BIOSOLUTIONS	COM	29089Q105	3,515	53,396	SH		SOLE		12,385	0	41,011
ENCOMPASS HEALTH CORP	COM	29261A100	4,177	53,587	SH		SOLE		12,453	0	41,134
ENCORE WIRE CORP	COM	292562105	515	10,270	SH		SOLE		4,625	0	5,645
ENERGIZER HOLDINGS INC	COM	29272W109	11,904	202,975	SH		SOLE		55,967	0	147,008
ENERSYS	COM	29275Y102	15,791	181,238	SH		SOLE		49,448	0	131,790
ESSA BANCORP INC	COM	29667D104	3,187	195,995	SH		SOLE		89,010	0	106,985
ETHAN ALLEN INTERIORS COM	COM	297602104	4,541	218,835	SH		SOLE		94,590	0	124,245
EURONET WORLDWIDE INC COM	COM	298736109	1,725	17,215	SH		SOLE		3,687	0	13,528
EXELON CORP COM	COM	30161N101	20,422	467,753	SH		SOLE		359,448	0	108,305
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	13,364	140,660	SH		SOLE		110,260	0	30,400
EXTENDED STAY AMERICA INC	COM	30224P200	1,980	97,869	SH		SOLE		23,155	0	74,714
FACEBOOK INC-A	COM	30303M102	623	3,788	SH		SOLE		1,748	0	2,040
FEDNAT HOLDING CO	COM	31431B109	3,084	121,035	SH		SOLE		50,545	0	70,490
FIDELITY SOUTHN CORP COM	COM	316394105	5,771	232,870	SH		SOLE		102,895	0	129,975
FINANCIAL INSTNS INC	COM	317585404	5,687	181,120	SH		SOLE		79,060	0	102,060
FIRST BANCORP INC ME	COM	31866P102	3,095	106,820	SH		SOLE		48,370	0	58,450
FIRST FINANCIAL	COM	320218100	6,880	137,055	SH		SOLE		60,195	0	76,860
FIRST FINANCIAL BANCORP	COM	320209109	375	12,638	SH		SOLE		5,718	0	6,920
FIRST INTERNET BANC	COM	320557101	6,949	228,225	SH		SOLE		99,770	0	128,455
FIRST MIDWEST BANCORP COM	COM	320867104	16,574	623,334	SH		SOLE		170,045	0	453,289
FISERV INC	COM	337738108	1,034	12,547	SH		SOLE		1,231	0	11,316
FNB CORP	COM	302520101	7,137	561,108	SH		SOLE		151,490	0	409,618
FRANKLIN FINANCIAL NETWORK	COM	35352P104	7,767	198,645	SH		SOLE		87,910	0	110,735
FULTON FINL CORP PA COM	COM	360271100	22,436	1,347,519	SH		SOLE		367,650	0	979,869
G-III APPAREL GRP LTD COM	COM	36237H101	1,997	41,439	SH		SOLE		9,804	0	31,635
GENERAC HOLDINGS INC	COM	368736104	16,204	287,254	SH		SOLE		76,480	0	210,774
GENERAL DYNAMICS	COM	369550108	6,241	30,484	SH		SOLE		22,264	0	8,220
GENERAL MOTORS CO	COM	37045V100	11,271	334,735	SH		SOLE		262,460	0	72,275
GLATFELTER	COM	377316104	6,237	326,390	SH		SOLE		136,185	0	190,205
GLOBAL BRASS & COPPER HOLD	COM	37953G103	10,477	283,926	SH		SOLE		77,454	0	206,472
GOLDMAN SACHS	COM	38141G104	26,224	116,948	SH		SOLE		90,383	0	26,565
GRAHAM CORP	COM	384556106	7,681	272,678	SH		SOLE		119,895	0	152,783
GRAN TIERRA ENERGY	COM	38500T101	8,010	2,096,757	SH		SOLE		571,991	0	1,524,766
GRAND CANYON EDUCATION INC	COM	38526M106	3,416	30,285	SH		SOLE		7,146	0	23,139
GRANITE CONSTRUCTION INC	COM	387328107	525	11,495	SH		SOLE		5,185	0	6,310
GREAT LAKES DREDGE & DOCK	COM	390607109	4,187	675,400	SH		SOLE		283,780	0	391,620
GREAT WESTERN BANCORP INC.	COM	391416104	1,301	30,829	SH		SOLE		7,295	0	23,534
GREEN BANCORP INC	COM	39260X100	3,948	178,650	SH		SOLE		74,725	0	103,925
GREENHILL & CO INC	COM	395259104	6,625	251,415	SH		SOLE		107,570	0	143,845
GROUP 1 AUTOMOTIVE INC	COM	398905109	5,484	84,499	SH		SOLE		23,052	0	61,447
HANCOCK WHITNEY CORP	COM	410120109	20,990	441,432	SH		SOLE		124,757	0	316,675
HANMI FINANCIAL CORP	COM	410495204	5,291	212,490	SH		SOLE		87,710	0	124,780
HANOVER INSURANCE GROUP INC/	COM	410867105	8,283	67,138	SH		SOLE		18,315	0	48,823
HARTFORD FINANCIAL SERVICES	COM	416515104	11,574	231,671	SH		SOLE		181,861	0	49,810
HARVARD BIOSCIENCE INC COM	COM	416906105	2,153	410,025	SH		SOLE		189,980	0	220,045
HAVERTY FURNITURE	COM	419596101	2,184	98,835	SH		SOLE		41,555	0	57,280
HAYNES INTERNATIONAL	COM	420877201	6,293	177,280	SH		SOLE		77,945	0	99,335
HCI GROUP INC	COM	40416E103	8,637	197,416	SH		SOLE		87,516	0	109,900
HEALTH INS INNOVATIONS	COM	42225K106	9,083	147,330	SH		SOLE		64,685	0	82,645
HEALTHCARE SVCS GP	COM	421906108	2,531	62,305	SH		SOLE		14,464	0	47,841
HEALTHEQUITY INC	COM	42226A107	2,749	29,113	SH		SOLE		6,887	0	22,226
HELEN OF TROY LTD	COM	G4388N106	7,326	55,970	SH		SOLE		15,280	0	40,690
HERITAGE INSURANCE HOLDING INC	COM	42727J102	7,790	525,645	SH		SOLE		230,655	0	294,990
HERMAN MILLER INC	COM	600544100	5,658	147,331	SH		SOLE		40,175	0	107,156
HEXCEL CORP	COM	428291108	1,740	25,953	SH		SOLE		6,136	0	19,817
HI-CRUSH PARTNERS LP	COM	428337109	1,996	184,846	SH		SOLE		50,447	0	134,399
HILL INTERNATIONAL INC	COM	431466101	2,375	579,290	SH		SOLE		247,890	0	331,400
HILLENBRAND INC	COM	431571108	11,573	221,280	SH		SOLE		60,339	0	160,941
HOME DEPOT INC	COM	437076102	958	4,625	SH		SOLE		1,425	0	3,200
HOMESTREET INC	COM	43785V102	7,397	279,140	SH		SOLE		122,085	0	157,055
HOMETRUST BANCSHARES	COM	437872104	5,826	199,850	SH		SOLE		87,790	0	112,060
HOOKER FURNITURE CORP	COM	439038100	2,577	76,230	SH		SOLE		31,680	0	44,550
HOPE BANCORP	COM	43940T109	398	24,590	SH		SOLE		11,100	0	13,490
HORIZON BANCORP INC	COM	440407104	5,949	301,224	SH		SOLE		126,439	0	174,785
HORIZON PHARMA PLC	COM	G4617B105	2,149	109,730	SH		SOLE		25,937	0	83,793
HORTONWORKS INC	COM	440894103	1,355	59,421	SH		SOLE		14,058	0	45,363
HP INC	COM	40434L105	16,499	640,230	SH		SOLE		501,980	0	138,250
HUB GROUP INC CL A	COM	443320106	1,555	34,106	SH		SOLE		8,063	0	26,043
HUDBAY MINERALS INC	COM	443628102	2,690	532,720	SH		SOLE		148,169	0	384,551
HUNTSMAN CORP	COM	447011107	7,732	283,937	SH		SOLE		223,012	0	60,925
HYSTER-YALE MATERIALS	COM	449172105	8,666	140,842	SH		SOLE		38,427	0	102,415
ICHOR HOLDINGS LTD	COM	G4740B105	6,451	315,895	SH		SOLE		139,680	0	176,215
IDACORP INC COM	COM	451107106	10,288	103,678	SH		SOLE		29,119	0	74,559
IDT CORP CL B	COM	448947507	3,669	687,015	SH		SOLE		304,850	0	382,165
II VI INC COM	COM	902104108	2,311	48,858	SH		SOLE		13,061	0	35,797
INDEPENDENT BANK MI	COM	453838609	6,709	283,670	SH		SOLE		124,210	0	159,460
INGEVITY CORP	COM	45688C107	3,205	31,455	SH		SOLE		6,933	0	24,522
INOGEN INC	COM	45780L104	3,927	16,086	SH		SOLE		3,805	0	12,281
INTEGRATED DEVICE TECH INC	COM	458118106	2,974	63,269	SH		SOLE		14,969	0	48,300
INTEL CORP	COM	458140100	382	8,078	SH		SOLE		2,578	0	5,500
INTERCONTINENTAL EXCH	COM	45866F104	886	11,828	SH		SOLE		2,885	0	8,943
INTERDIGITAL COMMUNCTN COM	COM	45867G101	1,603	20,039	SH		SOLE		4,740	0	15,299
INTERNATIONAL BNCSHRS COM	COM	459044103	11,331	251,807	SH		SOLE		68,693	0	183,114
ITRON INC	COM	465741106	12,868	200,433	SH		SOLE		54,678	0	145,755
JABIL INC	COM	466313103	8,260	305,031	SH		SOLE		239,256	0	65,775
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	3,126	26,200	SH		SOLE		6,082	0	20,118
JOHNSON & JOHNSON	COM	478160104	30,627	221,659	SH		SOLE		171,084	0	50,575
JPMORGAN CHASE	COM	46625H100	43,802	388,178	SH		SOLE		299,218	0	88,960
KB HOME	COM	48666K109	16,096	673,181	SH		SOLE		183,644	0	489,537
KBR INC	COM	48242W106	11,747	555,936	SH		SOLE		152,730	0	403,206
KELLY SERVICES INC -A	COM	488152208	392	16,325	SH		SOLE		7,500	0	8,825
KENNAMETAL INC	COM	489170100	1,930	44,302	SH		SOLE		10,474	0	33,828
KEYCORP	COM	493267108	10,621	534,005	SH		SOLE		419,505	0	114,500
KIMBALL ELECTRONICS	COM	49428J109	4,452	226,590	SH		SOLE		98,125	0	128,465
KINGSTONE COMPANIES INC	COM	496719105	6,894	362,826	SH		SOLE		156,221	0	206,605
KIRKLANDS INC COM	COM	497498105	5,607	555,745	SH		SOLE		243,265	0	312,480
KLA-TENCOR CORPORATION	COM	482480100	206	2,028	SH		SOLE		0	0	2,028
KNOLL INC	COM	498904200	1,256	53,574	SH		SOLE		12,674	0	40,900
KORN FERRY INTL COM NEW	COM	500643200	4,217	85,644	SH		SOLE		23,353	0	62,291
KRATON CORP	COM	50077C106	13,147	278,829	SH		SOLE		76,074	0	202,755
KROGER CO	COM	501044101	9,176	315,220	SH		SOLE		247,120	0	68,100
KULICKE & SOFFA INDS COM	COM	501242101	10,167	426,482	SH		SOLE		116,343	0	310,139
LAKELAND BANCORP INC COM	COM	511637100	5,483	303,795	SH		SOLE		134,020	0	169,775
LAM RESEARCH CORP	COM	512807108	14,607	96,292	SH		SOLE		74,227	0	22,065
LANDEC CORP	COM	514766104	5,784	401,675	SH		SOLE		167,470	0	234,205
LEAR CORP	COM	521865204	15,461	106,630	SH		SOLE		83,675	0	22,955
LHC GROUP	COM	50187A107	7,013	68,095	SH		SOLE		18,576	0	49,519
LITTELFUSE INC	COM	537008104	2,041	10,315	SH		SOLE		2,361	0	7,954
LULULEMON ATHLETICA INC	COM	550021109	234	1,443	SH		SOLE		0	0	1,443
LYONDELLBASELL INDU-CL A	COM	N53745100	20,267	197,706	SH		SOLE		152,466	0	45,240
M/I HOMES INC COM	COM	55305B101	6,169	257,782	SH		SOLE		70,322	0	187,460
MARATHON PETROLEUM CORP	COM	56585A102	21,858	273,324	SH		SOLE		210,914	0	62,410
MASTEC INC	COM	576323109	1,940	43,460	SH		SOLE		10,283	0	33,177
MATADOR RESOURCES CO	COM	576485205	1,150	34,793	SH		SOLE		8,224	0	26,569
MATRIX SVC CO	COM	576853105	6,619	268,537	SH		SOLE		118,320	0	150,217
MATTHEWS INTL CORP CL A	COM	577128101	8,543	170,343	SH		SOLE		46,470	0	123,873
MEDIDATA SOLUTIONS INC	COM	58471A105	2,463	33,599	SH		SOLE		7,949	0	25,650
MELLANOX TECHNOLOGIES LTD	COM	M51363113	1,500	20,418	SH		SOLE		4,871	0	15,547
MERCER INTL INC	COM	588056101	6,568	390,940	SH		SOLE		106,648	0	284,292
MEREDITH CORP	COM	589433101	12,988	254,409	SH		SOLE		70,812	0	183,597
META FINANCIAL GROUP	COM	59100U108	304	3,680	SH		SOLE		1,690	0	1,990
MICROCHIP TECHNOLOGY INC	COM	595017104	312	3,953	SH		SOLE		1,132	0	2,821
MICRON TECHNOLOGY INC	COM	595112103	4,023	88,940	SH		SOLE		69,740	0	19,200
MICROSOFT CORP	COM	594918104	411	3,591	SH		SOLE		3,591	0	0
MOBILE MINI INC COM	COM	60740F105	1,736	39,599	SH		SOLE		9,363	0	30,236
MONOLITHIC POWER SYSTEMS	COM	609839105	1,646	13,112	SH		SOLE		2,989	0	10,123
MOTORCAR PARTS OF AMERICA	COM	620071100	6,929	295,470	SH		SOLE		130,620	0	164,850
MOVADO GROUP INC COM	COM	624580106	3,273	78,121	SH		SOLE		21,302	0	56,819
NAVIGANT CONSULTING INC	COM	63935N107	4,386	190,210	SH		SOLE		51,867	0	138,343
NCS MULTISTAGE HOLDING INC	COM	628877102	5,033	304,863	SH		SOLE		134,138	0	170,725
NELNET INC CL A	COM	64031N108	5,683	99,412	SH		SOLE		27,107	0	72,305
NEOGEN CORP	COM	640491106	3,112	43,508	SH		SOLE		10,081	0	33,427
NET 1 UEPS TECHS NEW	COM	64107N206	4,468	558,500	SH		SOLE		245,250	0	313,250
NETAPP INC	COM	64110D104	274	3,185	SH		SOLE		475	0	2,710
NETGEAR INC	COM	64111Q104	3,619	57,580	SH		SOLE		15,708	0	41,872
NEWPARK RESOURCES INC	COM	651718504	5,210	503,365	SH		SOLE		222,800	0	280,565
NEXTGEN HEALTHCARE INC	COM	65343C102	3,534	175,978	SH		SOLE		48,016	0	127,962
NORTHEAST BANCORP COM	COM	663904209	1,585	73,030	SH		SOLE		30,720	0	42,310
NORTHRIM BANCORP INC	COM	666762109	2,363	56,875	SH		SOLE		23,450	0	33,425
NORTHWEST PIPE CO COM	COM	667746101	5,284	267,545	SH		SOLE		111,115	0	156,430
NUCOR CORP	COM	670346105	16,660	262,567	SH		SOLE		202,812	0	59,755
O'REILLY AUTOMOTIVE INC	COM	67103H107	304	876	SH		SOLE		0	0	876
OCEANEERING INTL INC	COM	675232102	473	17,150	SH		SOLE		7,125	0	10,025
OCEANFIRST FINL CORP COM	COM	675234108	423	15,530	SH		SOLE		6,975	0	8,555
OLD NATIONAL BANCORP	COM	680033107	22,248	1,152,734	SH		SOLE		318,279	0	834,455
OLYMPIC STEEL INC COM	COM	68162K106	4,011	192,190	SH		SOLE		84,715	0	107,475
OMNICELL INC	COM	68213N109	2,721	37,845	SH		SOLE		8,933	0	28,912
ONE GAS INC	COM	68235P108	243	2,950	SH		SOLE		1,100	0	1,850
OPUS BANK	COM	684000102	6,648	242,610	SH		SOLE		101,640	0	140,970
ORION GROUP HLDGS	COM	68628V308	6,362	842,607	SH		SOLE		369,907	0	472,700
OWENS-ILLINOIS INC	COM	690768403	8,800	468,320	SH		SOLE		129,091	0	339,229
PACIFIC ETHANOL INC COM	COM	69423U305	2,131	1,121,444	SH		SOLE		500,377	0	621,067
PAN AMERICAN SILVER CORP	COM	697900108	8,817	597,374	SH		SOLE		162,963	0	434,411
PARK OHIO HLDGS CORP COM	COM	700666100	3,658	95,378	SH		SOLE		26,022	0	69,356
PATTERSON COS INC	COM	703395103	450	18,410	SH		SOLE		8,200	0	10,210
PAYPAL INC COM	COM	70450Y103	207	2,359	SH		SOLE		2,359	0	0
PEOPLES BANCORP INC	COM	709789101	6,280	179,280	SH		SOLE		75,000	0	104,280
PFIZER INC	COM	717081103	28,206	640,037	SH		SOLE		501,812	0	138,225
PHIBRO ANIMAL HEALTH A	COM	71742Q106	2,544	59,305	SH		SOLE		14,032	0	45,273
PHILIP MORRIS INTERNATIONAL	COM	718172109	10,398	127,523	SH		SOLE		99,973	0	27,550
PHOTRONICS	COM	719405102	4,761	483,310	SH		SOLE		204,325	0	278,985
PLANTRONICS	COM	727493108	7,545	125,129	SH		SOLE		34,136	0	90,993
PLEXUS CORP	COM	729132100	368	6,290	SH		SOLE		2,450	0	3,840
POLA POWER INC	COM	73102V105	783	152,914	SH		SOLE		62,677	0	90,237
PORTLAND GENERAL ELECTRIC	COM	736508847	11,970	262,438	SH		SOLE		77,019	0	185,419
PPL CORPORATION	COM	69351T106	17,954	613,618	SH		SOLE		474,308	0	139,310
PROOFPOINT INC	COM	743424103	330	3,107	SH		SOLE		0	0	3,107
PRUDENTIAL FINANCIAL	COM	744320102	21,520	212,394	SH		SOLE		166,539	0	45,855
PUBLIC SERVICE ENTERPRISE GP	COM	744573106	8,774	166,205	SH		SOLE		130,315	0	35,890
RAMACO RESOURCES INC	COM	75134P303	2,880	386,016	SH		SOLE		160,821	0	225,195
REALPAGE INC	COM	75606N109	2,857	43,359	SH		SOLE		10,252	0	33,107
RED ROBIN GOURMET BURG COM	COM	75689M101	4,794	119,405	SH		SOLE		49,705	0	69,700
REGAL-BELOIT CORP	COM	758750103	15,737	190,870	SH		SOLE		52,595	0	138,275
ROCKWELL AUTOMATION	COM	773903109	257	1,369	SH		SOLE		0	0	1,369
RTI SURGICAL INC	COM	74975N105	4,113	914,070	SH		SOLE		399,455	0	514,615
RUDOLPH TECHNOLOGIES	COM	781270103	3,468	141,845	SH		SOLE		59,455	0	82,390
RUTHS HOSPITALITY GROUP	COM	783332109	2,473	78,380	SH		SOLE		18,536	0	59,844
SALEM MEDIA GROUP	COM	794093104	1,019	299,680	SH		SOLE		127,495	0	172,185
SANDERSON FARMS INC	COM	800013104	222	2,150	SH		SOLE		825	0	1,325
SANMINA SCI CORP	COM	801056102	8,948	324,189	SH		SOLE		88,437	0	235,752
SCANSOURCE INC COM	COM	806037107	5,338	133,775	SH		SOLE		36,494	0	97,281
SCHNITZER STEEL INDS INC-A	COM	806882106	4,733	174,980	SH		SOLE		47,713	0	127,267
SCIENCE APPLICATIONS INTL	COM	808625107	10,853	134,651	SH		SOLE		36,717	0	97,934
SELECT MEDICAL HOLDINGS	COM	81619Q105	9,240	502,147	SH		SOLE		136,970	0	365,177
SI FINANCIAL GROUP	COM	78425V104	1,725	123,240	SH		SOLE		50,870	0	72,370
SIERRA BANCORP COM	COM	82620P102	4,839	167,455	SH		SOLE		73,965	0	93,490
SIERRA WIRELESS INC	COM	826516106	5,259	261,640	SH		SOLE		109,240	0	152,400
SILICOM LTD	COM	M84116108	6,491	160,038	SH		SOLE		69,533	0	90,505
SIRIUS XM HOLDINGS	COM	82968B103	154	24,344	SH		SOLE		0	0	24,344
SNAP-ON INC	COM	833034101	630	3,431	SH		SOLE		511	0	2,920
SOUTHERN NATL BANCORP OF VA	COM	843395104	3,974	245,320	SH		SOLE		109,180	0	136,140
SOUTHWESTERN ENERGY CO	COM	845467109	10,629	2,080,005	SH		SOLE		577,877	0	1,502,128
SPOK HOLDINGS	COM	84863T106	5,002	324,815	SH		SOLE		144,345	0	180,470
STATE STREET CORP	COM	857477103	9,543	113,909	SH		SOLE		89,349	0	24,560
STEPAN CO COM	COM	858586100	11,612	133,454	SH		SOLE		36,406	0	97,048
STERLING CONSTRUCTION	COM	859241101	7,288	508,940	SH		SOLE		221,490	0	287,450
SUMMIT MATERIALS A	COM	86614U100	1,288	70,852	SH		SOLE		15,827	0	55,025
SUPER MICRO COMPUTER	COM	86800U104	426	20,675	SH		SOLE		9,300	0	11,375
SYKES ENTERPRISES INC	COM	871237103	6,397	209,819	SH		SOLE		54,812	0	155,007
SYNAPTICS INC COM	COM	87157D109	288	6,310	SH		SOLE		2,490	0	3,820
TARGET CORP	COM	87612E106	20,062	227,435	SH		SOLE		174,420	0	53,015
TCF FINANCIAL CORP	COM	872275102	20,396	856,616	SH		SOLE		236,000	0	620,616
TECH DATA CORP	COM	878237106	9,917	138,558	SH		SOLE		37,803	0	100,755
TEGNA INC	COM	87901J105	8,536	713,719	SH		SOLE		194,702	0	519,017
TERRITORIAL BANCORP INC	COM	88145X108	4,361	147,595	SH		SOLE		65,945	0	81,650
TOWER SEMICONDUCTOR LTD	COM	M87915274	460	21,125	SH		SOLE		9,700	0	11,425
TUTOR PERINI CORP	COM	901109108	307	16,355	SH		SOLE		7,525	0	8,830
TYLER TECHNOLOGIES INC COM	COM	902252105	2,312	9,436	SH		SOLE		2,231	0	7,205
TYSON FOODS A	COM	902494103	11,352	190,696	SH		SOLE		144,321	0	46,375
UBIQUITI NETWORKS INC	COM	90347A100	2,455	24,833	SH		SOLE		5,872	0	18,961
ULTA BEAUTY INC	COM	90384S303	251	891	SH		SOLE		308	0	583
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	3,190	9,902	SH		SOLE		2,113	0	7,789
UMPQUA HLDGS CORP COM	COM	904214103	7,271	349,547	SH		SOLE		95,991	0	253,556
UNION PACFIC CORP	COM	907818108	11,964	73,474	SH		SOLE		57,609	0	15,865
UNITED CMNTY FINL OHIO COM	COM	909839102	5,791	598,895	SH		SOLE		252,545	0	346,350
UNITED HEALTH GROUP	COM	91324P102	712	2,677	SH		SOLE		1,052	0	1,625
UNITED INSURANCE HOLDINGS	COM	910710102	5,069	226,490	SH		SOLE		94,325	0	132,165
UNITED TECHNOLOGIES CORP	COM	913017109	9,636	68,919	SH		SOLE		54,034	0	14,885
UNITIL CORP	COM	913259107	8,325	163,560	SH		SOLE		72,025	0	91,535
UNIVERSAL ELECTRS INC COM	COM	913483103	8,275	210,295	SH		SOLE		91,535	0	118,760
UNIVERSAL FST PRODS COM	COM	913543104	12,430	351,818	SH		SOLE		95,988	0	255,830
UNIVERSAL STAINLESS	COM	913837100	5,275	206,799	SH		SOLE		90,238	0	116,561
UNUM GROUP	COM	91529Y106	12,939	331,176	SH		SOLE		259,941	0	71,235
US BANCORP	COM	902973304	8,314	157,438	SH		SOLE		123,413	0	34,025
VAIL RESORTS INC	COM	91879Q109	215	785	SH		SOLE		0	0	785
VALMONT INDUSTRIES	COM	920253101	1,428	10,313	SH		SOLE		2,438	0	7,875
VANDA PHARMACEUTICALS INC	COM	921659108	1,152	50,182	SH		SOLE		11,864	0	38,318
VAREX IMAGING CORP	COM	92214X106	462	16,110	SH		SOLE		7,350	0	8,760
VEEVA SYSTEMS INC A	COM	922475108	2,903	26,667	SH		SOLE		6,308	0	20,359
VERISK ANALYTICS INC-CLASS A	COM	92345Y106	244	2,027	SH		SOLE		0	0	2,027
VERIZON COMM INC	COM	92343V104	39,536	740,505	SH		SOLE		575,095	0	165,410
VISA INC A	COM	92826C839	1,031	6,872	SH		SOLE		2,572	0	4,300
VISHAY INTERTECHNOLOGY INC	COM	928298108	15,414	757,468	SH		SOLE		205,861	0	551,607
W & T OFFSHORE	COM	92922P106	12,516	1,298,386	SH		SOLE		354,046	0	944,340
WADDELL & REED FINANCIAL-A	COM	930059100	15,646	738,720	SH		SOLE		201,522	0	537,198
WASHINGTON FEDERAL INC	COM	938824109	13,930	435,327	SH		SOLE		118,772	0	316,555
WASHINGTON TRUST BANCORP	COM	940610108	4,237	76,615	SH		SOLE		32,325	0	44,290
WATERSTONE FINANCIAL INC	COM	94188P101	3,867	225,475	SH		SOLE		101,100	0	124,375
WELBILT INC	COM	949090104	1,312	62,821	SH		SOLE		14,859	0	47,962
WESBANCO INC COM	COM	950810101	7,586	170,171	SH		SOLE		46,402	0	123,769
WESTERN ALLIANCE BANCORP	COM	957638109	2,473	43,474	SH		SOLE		9,243	0	34,231
WESTERN DIGITAL CORP	COM	958102105	11,571	197,655	SH		SOLE		152,600	0	45,055
WHITING PETE CORP	COM	966387409	6,766	127,571	SH		SOLE		34,806	0	92,765
WILEY JOHN & SONS INC CL A	COM	968223206	8,137	134,273	SH		SOLE		36,993	0	97,280
WINGSTOP INC	COM	974155103	2,678	39,225	SH		SOLE		9,270	0	29,955
WINTRUST FINL CORP COM	COM	97650W108	9,446	111,207	SH		SOLE		29,879	0	81,328
WOLVERINE WORLD WIDE INC	COM	978097103	10,084	258,243	SH		SOLE		70,457	0	187,786
YELP INC	COM	985817105	2,035	41,364	SH		SOLE		9,767	0	31,597
ZOETIS INC	COM	98978V103	921	10,064	SH		SOLE		1,887	0	8,177
BP PLC ADR	ADR	055622104	37,001	802,630	SH		SOLE		620,375	0	182,255
CHIPMOS TECHNOLOGIES A	ADR	16965P103	2,905	189,524	SH		SOLE		51,709	0	137,815
ROYAL DUTCH SHELL PLC ADR	ADR	780259107	18,441	259,995	SH		SOLE		203,845	0	56,150