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
ALEXANDER & BALDWIN INC	REIT	014491104	544	22,175	SH		SOLE		10,250	0	11,925
APOLLO COMM REAL ESTATE	REIT	03762U105	14,186	739,998	SH		SOLE		193,446	0	546,552
BRANDYWINE REALTY TRUST	REIT	105368203	18,439	1,217,124	SH		SOLE		325,240	0	891,884
CARETRUST REIT	REIT	14174T107	6,267	266,622	SH		SOLE		69,716	0	196,906
CEDAR SHOPPING CENTERS INC	REIT	150602209	3,695	1,231,650	SH		SOLE		523,495	0	708,155
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	7,606	170,740	SH		SOLE		72,365	0	98,375
CORECIVIC INC	REIT	21871N101	4,435	256,651	SH		SOLE		68,201	0	188,450
DIAMONDROCK HOSPITALITY	REIT	252784301	8,457	825,109	SH		SOLE		224,594	0	600,515
ESSENTIAL PROPERTIES REALTY	REIT	29670E107	453	19,770	SH		SOLE		9,150	0	10,620
GEO GROUP INC	REIT	36162J106	4,373	252,178	SH		SOLE		65,923	0	186,255
GLADSTONE COMMERCIAL	REIT	376536108	5,205	221,500	SH		SOLE		89,875	0	131,625
GLOBAL MEDICAL REIT INC	REIT	37954A204	5,186	454,950	SH		SOLE		194,425	0	260,525
HERSHA HOSPITALITY TRUST	REIT	427825500	3,505	235,550	SH		SOLE		102,625	0	132,925
KIMCO REALTY CORP	REIT	49446R109	14,434	691,285	SH		SOLE		540,835	0	150,450
KITE RLTY GROUP TRUST	REIT	49803T300	5,937	367,598	SH		SOLE		96,095	0	271,503
LEXINGTON REALTY TRUST	REIT	529043101	23,094	2,253,071	SH		SOLE		595,466	0	1,657,605
MFA FINANCIAL INC	REIT	55272X102	5,184	704,290	SH		SOLE		184,020	0	520,270
PIEDMONT OFFICE REALTY TRUST	REIT	720190206	8,464	405,368	SH		SOLE		106,874	0	298,494
PLYMOUTH INDUSTRIAL REIT INC	REIT	729640102	3,166	172,814	SH		SOLE		73,809	0	99,005
POTLATCHDELTIC CORP	REIT	737630103	5,159	125,559	SH		SOLE		32,807	0	92,752
PROLOGIS INC	REIT	74340W103	7,635	89,590	SH		SOLE		70,090	0	19,500
QTS REALTY TRUST A	REIT	74736A103	1,825	35,506	SH		SOLE		8,903	0	26,603
RETAIL OPPORTUNITY INVESTMENTS	REIT	76131n101	5,182	284,275	SH		SOLE		74,301	0	209,974
SAFEHOLD INC	REIT	78645L100	328	10,750	SH		SOLE		4,150	0	6,600
VEREIT INC	REIT	92339V100	10,000	1,022,466	SH		SOLE		800,001	0	222,465
WELLTOWER INC	REIT	95040Q104	14,677	161,906	SH		SOLE		120,679	0	41,227
A O SMITH CORP	COM	831865209	596	12,491	SH		SOLE		1,999	0	10,492
AAR CORP	COM	000361105	6,041	146,591	SH		SOLE		38,321	0	108,270
ADDUS HOMECARE	COM	006739106	1,731	21,831	SH		SOLE		5,475	0	16,356
ADOBE INC	COM	00724F101	281	1,019	SH		SOLE		1,019	0	0
ADTALEM GLOBAL EDUCATION	COM	00737L103	13,689	359,386	SH		SOLE		96,748	0	262,638
AECOM TECHNOLOGY CORP	COM	00766T100	8,224	218,964	SH		SOLE		171,539	0	47,425
AEGION CORP	COM	00770F104	13,577	635,015	SH		SOLE		213,041	0	421,974
AES CORP	COM	00130H105	14,158	866,490	SH		SOLE		677,990	0	188,500
AIRCASTLE LTD	COM	G0129K104	16,047	715,414	SH		SOLE		187,019	0	528,395
AKEBIA THERAPEUTICS INC	COM	00972D105	364	92,794	SH		SOLE		23,253	0	69,541
ALBEMARLE CORP	COM	012653101	12,003	172,655	SH		SOLE		135,105	0	37,550
ALLETE INC	COM	018522300	17,949	205,342	SH		SOLE		53,680	0	151,662
ALLIANCE RES PARTNR LP UT LTD	COM	01877R108	6,970	435,361	SH		SOLE		113,811	0	321,550
ALLIANCEBERNSTEIN HOLDING LP	COM	01881G106	19,444	662,472	SH		SOLE		173,179	0	489,293
ALLOT LTD	COM	M0854Q105	2,134	264,715	SH		SOLE		107,390	0	157,325
ALLY FINANCIAL INC	COM	02005N100	11,240	338,975	SH		SOLE		265,250	0	73,725
ALPHA & OMEGA SEMI	COM	G6331P104	3,491	284,285	SH		SOLE		120,160	0	164,125
ALPHABET INC A	COM	02079K305	751	615	SH		SOLE		315	0	300
ALTRIA GROUP	COM	02209S103	19,828	484,800	SH		SOLE		379,350	0	105,450
AMAZON.COM INC	COM	023135106	748	431	SH		SOLE		231	0	200
AMC NETWORKS INC-A	COM	00164V103	1,176	23,930	SH		SOLE		6,010	0	17,920
AMEDISYS INC	COM	023436108	1,663	12,692	SH		SOLE		2,982	0	9,710
AMERICAN AIRLINES GROUP	COM	02376R102	6,000	222,482	SH		SOLE		168,622	0	53,860
AMERICAN AXLE & MFG HOLDINGS	COM	024061103	8,528	1,037,459	SH		SOLE		271,208	0	766,251
AMERICAN EAGLE OUTFITTERS	COM	02553E106	414	25,550	SH		SOLE		12,275	0	13,275
AMERICAN PUBLIC EDUCATION	COM	02913V103	2,843	127,240	SH		SOLE		51,640	0	75,600
AMERIPRISE FINANCIAL	COM	03076C106	16,012	108,854	SH		SOLE		84,057	0	24,797
AMERIS BANCORP	COM	03076K108	3,954	98,265	SH		SOLE		25,768	0	72,497
AMGEN INC	COM	031162100	13,620	70,385	SH		SOLE		53,855	0	16,530
AMN HEALTHCARE SERVICES	COM	001744101	5,040	87,567	SH		SOLE		22,892	0	64,675
AMPHENOL CORP-CL A	COM	032095101	962	9,966	SH		SOLE		1,821	0	8,145
ANGIODYNAMICS INC	COM	03475V101	4,517	245,204	SH		SOLE		105,878	0	139,326
ANIKA THERAPEUTICS INC COM	COM	035255108	2,174	39,615	SH		SOLE		16,065	0	23,550
APPLE INC	COM	037833100	1,003	4,477	SH		SOLE		2,237	0	2,240
APPLIED INDUSTRIAL TECH	COM	03820C105	457	8,050	SH		SOLE		3,700	0	4,350
ARCBEST CORPORATION	COM	03937C105	4,124	135,432	SH		SOLE		35,404	0	100,028
ARISTA NETWORKS INC	COM	040413106	209	874	SH		SOLE		0	0	874
ARMSTRONG WORLD	COM	04247x102	1,045	10,804	SH		SOLE		2,708	0	8,096
ARTESIAN RESOURCES CORP	COM	043113208	1,276	34,475	SH		SOLE		13,925	0	20,550
ASPEN TECHNOLOGY INC	COM	045327103	1,988	16,155	SH		SOLE		3,812	0	12,343
ASSOCIATED BANC CORP	COM	045487105	16,916	835,347	SH		SOLE		218,663	0	616,684
AT & T INC COM	COM	00206R102	33,311	880,300	SH		SOLE		679,955	0	200,345
AVISTA CORP COM	COM	05379B107	440	9,075	SH		SOLE		4,200	0	4,875
AVX CORP	COM	002444107	8,854	582,476	SH		SOLE		152,268	0	430,208
AXOS FINANCIAL INC	COM	05465C100	231	8,350	SH		SOLE		3,225	0	5,125
AXT INC	COM	00246W103	2,365	664,395	SH		SOLE		285,680	0	378,715
BANC OF CALIFORNIA	COM	05990K106	4,055	286,770	SH		SOLE		117,525	0	169,245
BANK OF COMMERCE HOLDINGS	COM	06424J103	1,620	148,755	SH		SOLE		60,605	0	88,150
BANNER CORP	COM	06652V208	595	10,589	SH		SOLE		3,834	0	6,755
BAR HARBOR BANKSHARES	COM	066849100	2,436	97,704	SH		SOLE		39,739	0	57,965
BARNES GROUP INC	COM	067806109	12,147	235,690	SH		SOLE		61,613	0	174,077
BARRETT BUSINESS SVCS INC	COM	068463108	6,657	74,951	SH		SOLE		32,381	0	42,570
BASSETT FURNITURE INDS INC COM	COM	070203104	2,851	186,312	SH		SOLE		79,498	0	106,814
BEL FUSE INC - CL B	COM	077347300	1,791	119,190	SH		SOLE		54,715	0	64,475
BELDEN INC	COM	077454106	8,144	152,674	SH		SOLE		39,911	0	112,763
BERKSHIRE HILLS BANC	COM	084680107	7,512	256,477	SH		SOLE		68,682	0	187,795
BERRY PETROLEUM CORP	COM	08579X101	3,575	381,892	SH		SOLE		161,862	0	220,030
BEST BUY CO	COM	086516101	7,284	105,585	SH		SOLE		82,610	0	22,975
BIO-TECHNE CORP	COM	09073M104	3,000	15,331	SH		SOLE		3,566	0	11,765
BLACKBAUD INC	COM	09227Q100	2,379	26,330	SH		SOLE		6,071	0	20,259
BLOOMIN' BRANDS INC	COM	094235108	11,451	604,888	SH		SOLE		158,127	0	446,761
BLUEPRINT MEDICINES CORP	COM	09627Y109	1,248	16,992	SH		SOLE		4,043	0	12,949
CABOT CORP	COM	127055101	11,828	260,983	SH		SOLE		68,225	0	192,758
CAL MAINE FOODS INC COM NEW	COM	128030202	1,027	25,707	SH		SOLE		6,444	0	19,263
CANTEL MEDICAL CORP	COM	138098108	1,616	21,606	SH		SOLE		5,426	0	16,180
CAPITAL ONE FINANCIAL CORP	COM	14040H105	16,312	179,289	SH		SOLE		140,299	0	38,990
CARPENTER TECHNOLOGY	COM	144285103	551	10,670	SH		SOLE		4,055	0	6,615
CATALENT INC	COM	148806102	2,125	44,594	SH		SOLE		11,181	0	33,413
CATERPILLAR INC	COM	149123101	16,077	127,280	SH		SOLE		99,580	0	27,700
CAVCO INDUSTRIES	COM	149568107	2,403	12,511	SH		SOLE		3,034	0	9,477
CECO ENVIRONMENTAL	COM	125141101	3,214	460,110	SH		SOLE		199,340	0	260,770
CELESTICA INC SUB VTG SHS	COM	15101Q108	8,292	1,156,447	SH		SOLE		302,313	0	854,134
CENTRAL GARDEN&PET CO COM	COM	153527106	1,219	41,717	SH		SOLE		10,470	0	31,247
CENTURY CASINOS INC	COM	156492100	4,168	539,175	SH		SOLE		219,730	0	319,445
CH ROBINSON	COM	12541W209	206	2,431	SH		SOLE		0	0	2,431
CHEFS WAREHOUSE INC	COM	163086101	2,189	54,292	SH		SOLE		13,057	0	41,235
CHEVRON CORP	COM	166764100	7,879	66,431	SH		SOLE		52,031	0	14,400
CHURCHILL DOWNS INC	COM	171484108	2,933	23,757	SH		SOLE		5,954	0	17,803
CISCO SYSTEMS	COM	17275R102	9,984	202,055	SH		SOLE		158,075	0	43,980
CITI TRENDS INC	COM	17306X102	4,225	230,860	SH		SOLE		93,685	0	137,175
CITIGROUP INC	COM	172967424	39,232	567,918	SH		SOLE		438,593	0	129,325
CITIZENS FINANCIAL GROUP	COM	174610105	20,460	578,450	SH		SOLE		452,500	0	125,950
CLEVELAND-CLIFFS INC	COM	185899101	5,770	799,161	SH		SOLE		208,912	0	590,249
CNO FINANCIAL GROUP INC	COM	12621E103	12,371	781,460	SH		SOLE		204,284	0	577,176
COHERUS BIOSCIENCES INC	COM	19249H103	1,470	72,580	SH		SOLE		18,200	0	54,380
COLUMBUS MCKINNON N Y COM	COM	199333105	6,009	164,955	SH		SOLE		69,910	0	95,045
COMCAST CORP-CLASS A	COM	20030N101	17,061	378,465	SH		SOLE		296,090	0	82,375
COMTECH CORP	COM	205826209	7,133	219,475	SH		SOLE		88,850	0	130,625
COOPER-STANDARD	COM	21676P103	577	14,114	SH		SOLE		3,535	0	10,579
COOPER TIRE & RUBBER	COM	216831107	8,589	328,813	SH		SOLE		85,957	0	242,856
COSTCO CORP	COM	22160K105	232	806	SH		SOLE		806	0	0
COVENANT TRANSPORTATION	COM	22284P105	2,134	129,775	SH		SOLE		52,625	0	77,150
COWEN INC-CLASS A	COM	223622606	4,860	315,790	SH		SOLE		135,360	0	180,430
CRA INTERNATIONAL	COM	12618T105	5,537	131,935	SH		SOLE		53,550	0	78,385
CSG SYS INTL INC COM	COM	126349109	11,524	222,997	SH		SOLE		58,294	0	164,703
CUBI BANCORP INC	COM	23204G100	5,807	279,985	SH		SOLE		117,885	0	162,100
CULP INC	COM	230215105	655	40,175	SH		SOLE		16,325	0	23,850
CVS HEALTH	COM	126650100	21,678	343,721	SH		SOLE		266,481	0	77,240
DELTA AIRLINES	COM	247361702	12,482	216,699	SH		SOLE		169,974	0	46,725
DHI GROUP INC	COM	23331S100	1,260	327,400	SH		SOLE		142,649	0	184,751
DICK'S SPORTING GOODS INC	COM	253393102	1,767	43,304	SH		SOLE		10,288	0	33,016
DIME COMMUNITY BANC	COM	253922108	7,999	373,590	SH		SOLE		159,225	0	214,365
DOMINO'S PIZZA INC	COM	25754A201	220	900	SH		SOLE		0	0	900
DOMTAR CORP	COM	257559203	10,547	294,519	SH		SOLE		77,675	0	216,844
DONNELLEY FINANANCIAL SOLUTION	COM	25787G100	5,079	412,232	SH		SOLE		108,095	0	304,137
DORMAN PRODUCTS INC	COM	258278100	1,612	20,270	SH		SOLE		5,079	0	15,191
DOUGLAS DYNAMICS INC	COM	25960R105	1,339	30,038	SH		SOLE		7,531	0	22,507
EAGLE PHARMACEUTICALS INC	COM	269796108	4,308	76,160	SH		SOLE		31,425	0	44,735
EATON CORP	COM	G29183103	13,644	164,085	SH		SOLE		124,455	0	39,630
EDWARDS LIFESCIENCES CORP	COM	28176E108	966	4,394	SH		SOLE		776	0	3,618
ELECTRONIC ARTS INC	COM	285512109	521	5,323	SH		SOLE		1,104	0	4,219
EMCOR GROUP INC	COM	29084Q100	20,227	234,867	SH		SOLE		61,398	0	173,469
EMERGENT BIOSOLUTIONS	COM	29089Q105	2,616	50,034	SH		SOLE		12,251	0	37,783
ENCOMPASS HEALTH CORP	COM	29261A100	2,444	38,619	SH		SOLE		9,305	0	29,314
ENCORE WIRE CORP	COM	292562105	453	8,045	SH		SOLE		3,725	0	4,320
ENERGIZER HOLDINGS INC	COM	29272W109	6,026	138,275	SH		SOLE		36,140	0	102,135
ENERPLUS CORPORATION	COM	292766102	4,831	649,284	SH		SOLE		169,773	0	479,511
ENERSYS	COM	29275Y102	10,045	152,340	SH		SOLE		39,497	0	112,843
ENTRAVISION COMMUNCTNS CL A	COM	29382R107	2,861	899,813	SH		SOLE		365,006	0	534,807
ESSA BANCORP INC	COM	29667D104	2,307	140,520	SH		SOLE		57,560	0	82,960
ETHAN ALLEN INTERIORS COM	COM	297602104	3,660	191,630	SH		SOLE		83,210	0	108,420
ETSY INC	COM	29786A106	1,687	29,857	SH		SOLE		7,484	0	22,373
EURONET WORLDWIDE INC COM	COM	298736109	2,357	16,111	SH		SOLE		3,647	0	12,464
EVO PAYMENTS INC CL A	COM	26927E104	1,770	62,951	SH		SOLE		15,785	0	47,166
EVOLUTION PETROLEUM	COM	30049A107	2,878	492,765	SH		SOLE		206,015	0	286,750
EXELON CORP COM	COM	30161N101	21,234	439,543	SH		SOLE		343,938	0	95,605
EZCORP INC A	COM	302301106	4,321	669,400	SH		SOLE		287,350	0	382,050
FACEBOOK INC-A	COM	30303M102	626	3,518	SH		SOLE		1,853	0	1,665
FEDNAT HOLDING CO	COM	31431B109	3,802	271,740	SH		SOLE		117,625	0	154,115
FINANCIAL INSTNS INC	COM	317585404	5,271	174,640	SH		SOLE		73,855	0	100,785
FIRST BANCORP INC ME	COM	31866P102	2,622	95,395	SH		SOLE		42,395	0	53,000
FIRST FINANCIAL	COM	320218100	6,023	138,555	SH		SOLE		58,545	0	80,010
FIRST FINANCIAL BANCORP	COM	320209109	372	15,214	SH		SOLE		6,794	0	8,420
FIRST INTERNET BANC	COM	320557101	5,451	254,615	SH		SOLE		108,600	0	146,015
FIRST MIDWEST BANCORP COM	COM	320867104	17,545	900,643	SH		SOLE		236,165	0	664,478
FISERV INC	COM	337738108	1,038	10,022	SH		SOLE		1,231	0	8,791
FIVE9 INC	COM	338307101	1,288	23,976	SH		SOLE		6,013	0	17,963
FNB CORP	COM	302520101	11,736	1,017,829	SH		SOLE		266,894	0	750,935
FRANKLIN FINANCIAL NETWORK	COM	35352P104	6,662	220,520	SH		SOLE		94,510	0	126,010
FULTON FINL CORP PA COM	COM	360271100	11,399	704,484	SH		SOLE		184,726	0	519,758
FUNKO INC CL A	COM	361008105	1,800	87,503	SH		SOLE		21,938	0	65,565
GENERAC HOLDINGS INC	COM	368736104	12,996	165,894	SH		SOLE		42,903	0	122,991
GENERAL MOTORS CO	COM	37045V100	18,374	490,245	SH		SOLE		378,245	0	112,000
GILEAD SCIENCES	COM	375558103	18,067	285,059	SH		SOLE		223,209	0	61,850
GLATFELTER	COM	377316104	4,114	267,290	SH		SOLE		108,160	0	159,130
GLOBAL SHIP LEASE INC CL A	COM	Y27183600	1,272	166,300	SH		SOLE		67,580	0	98,720
GOLDMAN SACHS	COM	38141G104	16,971	81,893	SH		SOLE		63,053	0	18,840
GRAHAM CORP	COM	384556106	4,983	250,913	SH		SOLE		107,980	0	142,933
GRAN TIERRA ENERGY	COM	38500T101	3,557	2,845,444	SH		SOLE		743,841	0	2,101,603
GRAND CANYON EDUCATION INC	COM	38526M106	1,517	15,453	SH		SOLE		3,873	0	11,580
GRANITE CONSTRUCTION INC	COM	387328107	507	15,775	SH		SOLE		7,490	0	8,285
GREAT WESTERN BANCORP INC.	COM	391416104	945	28,643	SH		SOLE		7,216	0	21,427
GREENHILL & CO INC	COM	395259104	4,099	312,445	SH		SOLE		132,850	0	179,595
GROUP 1 AUTOMOTIVE INC	COM	398905109	18,126	196,355	SH		SOLE		51,330	0	145,025
HACKETT GROUP INC	COM	404609109	3,087	187,575	SH		SOLE		75,875	0	111,700
HANCOCK WHITNEY CORP	COM	410120109	19,693	514,237	SH		SOLE		134,612	0	379,625
HANGER INC	COM	41043F208	5,608	275,175	SH		SOLE		115,350	0	159,825
HARTFORD FINANCIAL SERVICES	COM	416515104	13,746	226,787	SH		SOLE		177,602	0	49,185
HAYNES INTERNATIONAL	COM	420877201	6,630	184,985	SH		SOLE		79,775	0	105,210
HCI GROUP INC	COM	40416E103	4,779	113,669	SH		SOLE		49,009	0	64,660
HEALTHCARE SVCS GP	COM	421906108	1,447	59,589	SH		SOLE		14,310	0	45,279
HEALTHEQUITY INC	COM	42226A107	1,546	27,049	SH		SOLE		6,813	0	20,236
HERITAGE INSURANCE HOLDING INC	COM	42727J102	5,812	388,743	SH		SOLE		166,628	0	222,115
HERMAN MILLER INC	COM	600544100	9,563	207,492	SH		SOLE		54,241	0	153,251
HERSHEY COMPANY	COM	427866108	225	1,450	SH		SOLE		0	0	1,450
HEXCEL CORP	COM	428291108	2,193	26,702	SH		SOLE		6,694	0	20,008
HILL INTERNATIONAL	COM	431466101	1,736	580,765	SH		SOLE		234,290	0	346,475
HILLENBRAND INC	COM	431571108	7,110	230,246	SH		SOLE		60,190	0	170,056
HOME DEPOT INC	COM	437076102	771	3,325	SH		SOLE		1,425	0	1,900
HOMESTREET INC	COM	43785V102	3,409	124,780	SH		SOLE		51,375	0	73,405
HOMETRUST BANCSHARES	COM	437872104	4,073	156,225	SH		SOLE		66,615	0	89,610
HOOKER FURNITURE CORP	COM	439038100	2,294	107,017	SH		SOLE		43,404	0	63,613
HOPE BANCORP	COM	43940T109	485	33,790	SH		SOLE		11,650	0	22,140
HORIZON BANCORP INC	COM	440407104	4,696	270,526	SH		SOLE		109,953	0	160,573
HORIZON THERAPEUTICS PLC	COM	G46188101	3,253	119,463	SH		SOLE		29,961	0	89,502
HOWARD BANCORP INC	COM	442496105	1,149	68,840	SH		SOLE		27,880	0	40,960
HUB GROUP INC CL A	COM	443320106	1,690	36,346	SH		SOLE		9,123	0	27,223
HUNTSMAN CORP	COM	447011107	6,480	278,595	SH		SOLE		218,320	0	60,275
IDT CORP CL B	COM	448947507	5,657	537,235	SH		SOLE		233,864	0	303,371
II VI INC COM	COM	902104108	2,119	60,186	SH		SOLE		16,274	0	43,912
INDEPENDENCE CONTRACT DRILLING	COM	453415309	1,408	1,173,400	SH		SOLE		505,385	0	668,015
INDEPENDENT BANK MI	COM	453838609	5,277	247,570	SH		SOLE		104,810	0	142,760
INGEVITY CORP	COM	45688C107	2,139	25,210	SH		SOLE		5,786	0	19,424
INNOPHOS HOLDINGS INC	COM	45774N108	4,417	136,070	SH		SOLE		58,795	0	77,275
INOGEN INC	COM	45780L104	719	14,999	SH		SOLE		3,765	0	11,234
INTEL CORP	COM	458140100	473	9,178	SH		SOLE		2,578	0	6,600
INTERCONTINENTAL EXCH	COM	45866F104	990	10,728	SH		SOLE		2,885	0	7,843
INTERDIGITAL COMMUNCTN COM	COM	45867G101	977	18,618	SH		SOLE		4,689	0	13,929
INTERNATIONAL BNCSHRS COM	COM	459044103	11,347	293,816	SH		SOLE		77,045	0	216,771
ITRON INC	COM	465741106	15,849	214,285	SH		SOLE		56,018	0	158,267
JABIL INC	COM	466313103	8,554	239,146	SH		SOLE		187,096	0	52,050
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	2,463	24,776	SH		SOLE		6,017	0	18,759
JOHNSON & JOHNSON	COM	478160104	20,390	157,598	SH		SOLE		121,023	0	36,575
JOHNSON CONTROLS INTL	COM	G51502105	12,849	292,750	SH		SOLE		229,075	0	63,675
JPMORGAN CHASE	COM	46625H100	44,675	379,599	SH		SOLE		292,939	0	86,660
KB HOME	COM	48666K109	17,185	505,448	SH		SOLE		132,176	0	373,272
KBR INC	COM	48242W106	20,726	844,579	SH		SOLE		222,018	0	622,561
KELLY SERVICES INC -A	COM	488152208	3,680	151,957	SH		SOLE		41,994	0	109,963
KEMET CORP	COM	488360207	374	20,575	SH		SOLE		9,800	0	10,775
KENNAMETAL INC	COM	489170100	12,189	396,504	SH		SOLE		103,236	0	293,268
KEYCORP	COM	493267108	11,232	629,572	SH		SOLE		493,172	0	136,400
KIMBALL ELECTRONICS	COM	49428J109	2,950	203,340	SH		SOLE		85,850	0	117,490
KINGSTONE COMPANIES INC	COM	496719105	3,536	414,977	SH		SOLE		175,811	0	239,166
KLA CORP	COM	482480100	284	1,780	SH		SOLE		0	0	1,780
KNOLL INC	COM	498904200	1,746	68,863	SH		SOLE		17,260	0	51,603
KNOWLES CORP	COM	49926D109	1,553	76,359	SH		SOLE		19,143	0	57,216
KORN FERRY	COM	500643200	4,914	127,175	SH		SOLE		33,245	0	93,930
KRATON CORP	COM	50077C106	9,537	295,355	SH		SOLE		77,210	0	218,145
KROGER CO	COM	501044101	16,229	629,525	SH		SOLE		492,550	0	136,975
LAKELAND BANCORP INC COM	COM	511637100	5,261	340,970	SH		SOLE		145,145	0	195,825
LAM RESEARCH CORP	COM	512807108	12,464	53,930	SH		SOLE		42,190	0	11,740
LANDEC CORP	COM	514766104	2,369	217,895	SH		SOLE		88,195	0	129,700
LEAR CORP	COM	521865204	8,451	71,681	SH		SOLE		56,126	0	15,555
LHC GROUP	COM	50187A107	1,617	14,243	SH		SOLE		3,571	0	10,672
LIGAND PHARMACEUTICALS	COM	53220K504	916	9,203	SH		SOLE		2,305	0	6,898
LITTELFUSE INC	COM	537008104	1,471	8,295	SH		SOLE		1,923	0	6,372
LOCKHEED MARTIN CORP	COM	539830109	210	539	SH		SOLE		539	0	0
LULULEMON ATHLETICA INC	COM	550021109	420	2,182	SH		SOLE		739	0	1,443
LYONDELLBASELL INDU-CL A	COM	N53745100	17,389	194,356	SH		SOLE		149,041	0	45,315
M/I HOMES INC COM	COM	55305B101	8,900	236,389	SH		SOLE		61,747	0	174,642
MARATHON PETROLEUM CORP	COM	56585A102	15,996	263,315	SH		SOLE		205,955	0	57,360
MASTEC INC	COM	576323109	3,325	51,205	SH		SOLE		12,831	0	38,374
MATADOR RESOURCES CO	COM	576485205	1,303	78,813	SH		SOLE		19,744	0	59,069
MATRIX SVC CO	COM	576853105	4,456	259,975	SH		SOLE		113,540	0	146,435
MATTHEWS INTL CORP CL A	COM	577128101	9,242	261,143	SH		SOLE		68,267	0	192,876
MEDTRONIC PLC	COM	G5960L103	12,628	116,259	SH		SOLE		91,184	0	25,075
MELLANOX TECHNOLOGIES LTD	COM	M51363113	1,273	11,617	SH		SOLE		2,912	0	8,705
MERCER INTL INC	COM	588056101	5,108	407,349	SH		SOLE		106,547	0	300,802
MEREDITH CORP	COM	589433101	5,328	145,324	SH		SOLE		39,774	0	105,550
META FINANCIAL GROUP	COM	59100U108	455	13,945	SH		SOLE		6,625	0	7,320
MICROCHIP TECHNOLOGY INC	COM	595017104	367	3,953	SH		SOLE		1,132	0	2,821
MICROSOFT CORP	COM	594918104	967	6,955	SH		SOLE		3,480	0	3,475
MOBILE MINI INC COM	COM	60740F105	1,528	41,467	SH		SOLE		10,385	0	31,082
MONOLITHIC POWER SYSTEMS	COM	609839105	1,959	12,585	SH		SOLE		2,962	0	9,623
MOTORCAR PARTS OF AMERICA	COM	620071100	5,371	317,785	SH		SOLE		137,320	0	180,465
MOVADO GROUP INC COM	COM	624580106	3,759	151,187	SH		SOLE		39,522	0	111,665
MYRIAD GENETICS INC	COM	62855J104	260	9,075	SH		SOLE		4,225	0	4,850
NELNET INC CL A	COM	64031N108	4,692	73,777	SH		SOLE		19,287	0	54,490
NEOGEN CORP	COM	640491106	2,814	41,311	SH		SOLE		9,973	0	31,338
NETFLIX INC	COM	64110L106	231	863	SH		SOLE		313	0	550
NEWPARK RESOURCES INC	COM	651718504	5,261	690,365	SH		SOLE		297,850	0	392,515
NEXTGEN HEALTHCARE INC	COM	65343C102	4,226	269,672	SH		SOLE		70,496	0	199,176
NORTHEAST BANCORP COM	COM	66405S100	1,448	65,330	SH		SOLE		26,650	0	38,680
NORTHRIM BANCORP INC	COM	666762109	2,019	50,900	SH		SOLE		20,475	0	30,425
NORTHWEST PIPE CO COM	COM	667746101	7,433	264,045	SH		SOLE		111,240	0	152,805
O'REILLY AUTOMOTIVE INC	COM	67103H107	349	876	SH		SOLE		0	0	876
OCEANEERING INTL INC	COM	675232102	467	34,450	SH		SOLE		14,475	0	19,975
OCEANFIRST FINL CORP COM	COM	675234108	384	16,255	SH		SOLE		7,425	0	8,830
OLD NATIONAL BANCORP	COM	680033107	21,028	1,222,193	SH		SOLE		324,427	0	897,766
OMNICELL INC	COM	68213N109	2,541	35,160	SH		SOLE		8,836	0	26,324
ONE GAS INC	COM	68235P108	348	3,625	SH		SOLE		1,375	0	2,250
OOMA INC	COM	683416101	1,029	98,929	SH		SOLE		24,780	0	74,149
ORION GROUP HLDGS	COM	68628V308	3,497	777,030	SH		SOLE		314,415	0	462,615
OTTER TAIL CORP COM	COM	689648103	2,431	45,234	SH		SOLE		13,604	0	31,630
PALO ALTO NETWORKS INC	COM	697435105	224	1,101	SH		SOLE		0	0	1,101
PAN AMERICAN SILVER CORP	COM	697900108	11,379	725,706	SH		SOLE		189,710	0	535,996
PARK OHIO HLDGS CORP COM	COM	700666100	4,365	146,180	SH		SOLE		38,214	0	107,966
PATTERSON COS INC	COM	703395103	371	20,805	SH		SOLE		9,400	0	11,405
PAYPAL INC COM	COM	70450Y103	244	2,359	SH		SOLE		2,359	0	0
PEOPLES BANCORP INC	COM	709789101	6,289	197,720	SH		SOLE		82,900	0	114,820
PFIZER INC	COM	717081103	32,777	912,252	SH		SOLE		713,777	0	198,475
PHILIP MORRIS INTERNATIONAL	COM	718172109	22,776	299,960	SH		SOLE		232,585	0	67,375
PLANTRONICS	COM	727493108	283	7,575	SH		SOLE		3,675	0	3,900
PORTLAND GENERAL ELECTRIC	COM	736508847	20,597	365,385	SH		SOLE		97,182	0	268,203
PPL CORPORATION	COM	69351T106	19,064	605,396	SH		SOLE		464,186	0	141,210
PRESTIGE CONSUMER HEALTHCARE	COM	74112D101	398	11,485	SH		SOLE		5,125	0	6,360
PROFIRE ENERGY INC	COM	74316X101	1,260	666,750	SH		SOLE		270,500	0	396,250
PROOFPOINT INC	COM	743424103	372	2,880	SH		SOLE		0	0	2,880
PRUDENTIAL FINANCIAL	COM	744320102	13,460	149,634	SH		SOLE		117,079	0	32,555
PUBLIC SERVICE ENTERPRISE GP	COM	744573106	10,105	162,780	SH		SOLE		127,290	0	35,490
PVH CORP	COM	693656100	5,273	59,760	SH		SOLE		46,735	0	13,025
RADIUS HEALTH INC	COM	750469207	832	32,322	SH		SOLE		8,104	0	24,218
RAMACO RESOURCES INC	COM	75134P303	1,804	483,022	SH		SOLE		211,130	0	271,892
REALPAGE INC	COM	75606N109	2,537	40,354	SH		SOLE		10,143	0	30,211
RED ROBIN GOURMET BURG COM	COM	75689M101	3,494	105,055	SH		SOLE		42,630	0	62,425
REGAL-BELOIT CORP	COM	758750103	14,750	202,467	SH		SOLE		53,372	0	149,095
ROCKWELL AUTOMATION	COM	773903109	226	1,369	SH		SOLE		0	0	1,369
RTI SURGICAL HOLDINGS INC	COM	74975N105	1,244	436,635	SH		SOLE		190,570	0	246,065
RUDOLPH TECHNOLOGIES	COM	781270103	3,975	150,785	SH		SOLE		61,195	0	89,590
RUSH ENTERPRISES INC-CL A	COM	781846209	4,211	109,155	SH		SOLE		28,535	0	80,620
RUTHS HOSPITALITY GROUP	COM	783332109	1,487	72,823	SH		SOLE		18,337	0	54,486
SALEM MEDIA GROUP	COM	794093104	408	266,900	SH		SOLE		109,035	0	157,865
SANDERSON FARMS INC	COM	800013104	399	2,635	SH		SOLE		1,195	0	1,440
SANMINA SCI CORP	COM	801056102	15,241	474,649	SH		SOLE		124,080	0	350,569
SCANSOURCE INC COM	COM	806037107	6,267	205,135	SH		SOLE		53,625	0	151,510
SCHNITZER STEEL INDS INC-A	COM	806882106	5,547	268,483	SH		SOLE		70,185	0	198,298
SELECT MEDICAL HOLDINGS	COM	81619Q105	12,760	770,072	SH		SOLE		201,308	0	568,764
SHOE CARNIVAL INC COM	COM	824889109	4,953	152,820	SH		SOLE		64,845	0	87,975
SIERRA BANCORP COM	COM	82620P102	5,103	192,145	SH		SOLE		81,930	0	110,215
SIERRA WIRELESS INC	COM	826516106	3,809	355,955	SH		SOLE		153,230	0	202,725
SILICOM LTD	COM	M84116108	4,015	127,053	SH		SOLE		54,448	0	72,605
SILICON LABORATORIES INC	COM	826919102	2,406	21,604	SH		SOLE		5,411	0	16,193
SNAP-ON INC	COM	833034101	448	2,861	SH		SOLE		511	0	2,350
SOUTHERN NATL BANCORP OF VA	COM	843395104	6,188	402,054	SH		SOLE		171,110	0	230,944
SOUTHWESTERN ENERGY CO	COM	845467109	147	76,125	SH		SOLE		34,950	0	41,175
SPARTANNASH	COM	847215100	3,050	257,825	SH		SOLE		111,900	0	145,925
SPOK HOLDINGS	COM	84863T106	4,349	364,260	SH		SOLE		158,230	0	206,030
SPS COMMERCE INC	COM	78463M107	1,982	42,102	SH		SOLE		10,542	0	31,560
STARBUCKS CORP	COM	855244109	451	5,103	SH		SOLE		2,078	0	3,025
STEPAN CO COM	COM	858586100	6,726	69,295	SH		SOLE		18,115	0	51,180
STERIS PLC	COM	G8473T100	244	1,688	SH		SOLE		0	0	1,688
STERLING CONSTRUCTION	COM	859241101	6,398	486,540	SH		SOLE		209,290	0	277,250
SUMMIT MATERIALS A	COM	86614U100	2,356	106,141	SH		SOLE		25,144	0	80,997
SYKES ENTERPRISES INC	COM	871237103	9,076	296,228	SH		SOLE		75,903	0	220,325
SYNOVUS FINANCIAL CORP	COM	87161C501	13,293	371,730	SH		SOLE		290,880	0	80,850
TANDEM DIABETES CARE	COM	875372203	1,697	28,769	SH		SOLE		7,212	0	21,557
TARGET CORP	COM	87612E106	16,910	158,175	SH		SOLE		121,410	0	36,765
TCF FINANCIAL CORP	COM	872307103	9,755	256,226	SH		SOLE		66,254	0	189,972
TECH DATA CORP	COM	878237106	12,766	122,463	SH		SOLE		32,013	0	90,450
TEGNA INC	COM	87901J105	16,992	1,094,126	SH		SOLE		286,020	0	808,106
TERRITORIAL BANCORP INC	COM	88145X108	3,265	114,245	SH		SOLE		50,245	0	64,000
TOWER SEMICONDUCTOR LTD	COM	M87915274	418	21,700	SH		SOLE		10,575	0	11,125
TREX COMPANY INC	COM	89531P105	1,728	19,006	SH		SOLE		4,765	0	14,241
TWITTER INC	COM	90184L102	200	4,865	SH		SOLE		0	0	4,865
TYLER TECHNOLOGIES INC COM	COM	902252105	2,305	8,782	SH		SOLE		2,207	0	6,575
TYSON FOODS A	COM	902494103	20,526	238,290	SH		SOLE		183,790	0	54,500
ULTA BEAUTY INC	COM	90384S303	297	1,183	SH		SOLE		0	0	1,183
UMPQUA HLDGS CORP COM	COM	904214103	8,090	491,475	SH		SOLE		128,871	0	362,604
UNITED CMNTY FINL OHIO COM	COM	909839102	6,437	597,120	SH		SOLE		242,345	0	354,775
UNITED HEALTH GROUP	COM	91324P102	473	2,177	SH		SOLE		1,052	0	1,125
UNITED INSURANCE HOLDINGS	COM	910710102	3,732	266,730	SH		SOLE		109,415	0	157,315
UNITED TECHNOLOGIES CORP	COM	913017109	19,828	145,240	SH		SOLE		113,855	0	31,385
UNITIL CORP	COM	913259107	10,194	160,685	SH		SOLE		69,200	0	91,485
UNIVERSAL ELECTRS INC COM	COM	913483103	4,925	96,755	SH		SOLE		42,025	0	54,730
UNIVERSAL FST PRODS COM	COM	913543104	20,194	506,368	SH		SOLE		132,294	0	374,074
UNIVERSAL STAINLESS	COM	913837100	2,619	167,908	SH		SOLE		72,503	0	95,405
UNUM GROUP	COM	91529Y106	9,936	334,320	SH		SOLE		254,260	0	80,060
US BANCORP	COM	902973304	8,545	154,413	SH		SOLE		120,788	0	33,625
VALLEY NATL BANCORP COM	COM	919794107	5,000	460,006	SH		SOLE		120,623	0	339,383
VALMONT INDUSTRIES	COM	920253101	1,329	9,598	SH		SOLE		2,412	0	7,186
VANDA PHARMACEUTICALS INC	COM	921659108	619	46,623	SH		SOLE		11,736	0	34,887
VAREX IMAGING CORP	COM	92214X106	381	13,360	SH		SOLE		6,050	0	7,310
VERISK ANALYTICS INC-CLASS A	COM	92345Y106	291	1,842	SH		SOLE		0	0	1,842
VERIZON COMM INC	COM	92343V104	27,237	451,250	SH		SOLE		349,390	0	101,860
VISA INC A	COM	92826C839	993	5,772	SH		SOLE		2,572	0	3,200
VISHAY INTERTECHNOLOGY INC	COM	928298108	16,547	977,359	SH		SOLE		257,254	0	720,105
W & T OFFSHORE	COM	92922P106	6,978	1,596,906	SH		SOLE		417,455	0	1,179,451
WABASH NATIONAL CORP	COM	929566107	5,079	350,044	SH		SOLE		91,786	0	258,258
WADDELL & REED FINANCIAL-A	COM	930059100	12,013	699,246	SH		SOLE		182,793	0	516,453
WASHINGTON FEDERAL INC	COM	938824109	9,549	258,152	SH		SOLE		67,474	0	190,678
WASHINGTON TRUST BANCORP	COM	940610108	1,294	26,785	SH		SOLE		10,876	0	15,909
WATERSTONE FINANCIAL INC	COM	94188P101	3,500	203,700	SH		SOLE		89,550	0	114,150
WELBILT INC	COM	949090104	984	58,368	SH		SOLE		14,700	0	43,668
WENDY'S CO/THE	COM	95058W100	2,054	102,785	SH		SOLE		25,760	0	77,025
WESBANCO INC COM	COM	950810101	9,275	248,181	SH		SOLE		65,078	0	183,103
WESCO INTERNATIONAL INC	COM	95082P105	10,289	215,376	SH		SOLE		58,575	0	156,801
WESTERN ALLIANCE BANCORP	COM	957638109	1,661	36,036	SH		SOLE		7,586	0	28,450
WESTERN DIGITAL CORP	COM	958102105	8,506	142,630	SH		SOLE		111,600	0	31,030
WILEY JOHN & SONS INC CL A	COM	968223206	3,454	78,601	SH		SOLE		20,553	0	58,048
WINGSTOP INC	COM	974155103	2,090	23,942	SH		SOLE		5,746	0	18,196
WINTRUST FINL CORP COM	COM	97650W108	10,520	162,773	SH		SOLE		42,682	0	120,091
WOLVERINE WORLD WIDE INC	COM	978097103	11,181	395,634	SH		SOLE		103,424	0	292,210
WORLD FUEL SERVICES CORP	COM	981475106	8,901	222,860	SH		SOLE		58,259	0	164,601
YELP INC	COM	985817105	1,009	29,037	SH		SOLE		7,282	0	21,755
ZOETIS INC	COM	98978V103	1,088	8,736	SH		SOLE		1,887	0	6,849
BP PLC ADR	ADR	055622104	21,987	578,770	SH		SOLE		443,740	0	135,030
CHIPMOS TECHNOLOGIES A	ADR	16965P202	4,830	238,067	SH		SOLE		62,234	0	175,833
GW PHARMACEUTICALS	ADR	36197T103	582	5,063	SH		SOLE		1,269	0	3,794
ROYAL DUTCH SHELL PLC ADR	ADR	780259107	21,546	359,705	SH		SOLE		281,430	0	78,275
SILICON MOTION TECHNOL-ADR	ADR	82706C108	280	7,925	SH		SOLE		3,725	0	4,200
UNILEVER PLC SPON ADR NEW	ADR	904767704	8,808	146,550	SH		SOLE		114,650	0	31,900