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	3,853	207,687	SH		SOLE		57,652	0	150,035
ASHFORD HOSPITALITY TR COM SHS	REIT	044103109	6,065	997,470	SH		SOLE		277,094	0	720,376
BRANDYWINE REALTY TRUST	REIT	105368203	17,107	975,897	SH		SOLE		278,730	0	697,167
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	3,279	128,125	SH		SOLE		61,900	0	66,225
CONDOR HOSPITALITY	REIT	20676Y403	2,108	197,025	SH		SOLE		93,930	0	103,095
DIAMONDROCK HOSPITALITY	REIT	252784301	340	31,095	SH		SOLE		17,575	0	13,520
GEO GROUP INC	REIT	36162J106	9,706	328,234	SH		SOLE		88,678	0	239,556
HOSPITALITY PROPERTIES TRUST	REIT	44106M102	4,524	155,192	SH		SOLE		44,069	0	111,123
INDEPENDENCE REALTY TRUST	REIT	45378A106	6,258	634,075	SH		SOLE		322,780	0	311,295
LEXINGTON REALTY TRUST	REIT	529043101	10,267	1,035,984	SH		SOLE		301,213	0	734,771
LTC PROPERTIES INC	REIT	502175102	335	6,525	SH		SOLE		3,735	0	2,790
MACK CALI RLTY CORP COM	REIT	554489104	12,762	470,223	SH		SOLE		132,591	0	337,632
MEDEQUITIES REALTY TRUST	REIT	58409L306	6,100	483,390	SH		SOLE		242,610	0	240,780
MEDICAL PROPERTIES TRUST INC	REIT	58463J304	9,865	766,536	SH		SOLE		214,558	0	551,978
MONMOUTH REIT A	REIT	609720107	3,604	239,493	SH		SOLE		116,218	0	123,275
PROLOGIS INC	REIT	74340W103	5,368	91,540	SH		SOLE		72,325	0	19,215
RAIT FINANCIAL TRUST	REIT	749227609	2,139	976,643	SH		SOLE		276,769	0	699,874
SELECT INCOME REIT	REIT	81618T100	3,866	160,874	SH		SOLE		46,577	0	114,297
SUNSTONE HOTEL INV INC	REIT	867892101	2,882	178,796	SH		SOLE		107,875	0	70,921
VEREIT INC	REIT	92339V100	8,065	990,825	SH		SOLE		782,760	0	208,065
WELLTOWER INC	REIT	95040Q104	10,234	136,722	SH		SOLE		102,730	0	33,992
1 800 FLOWERS COM CL A	COM	68243Q106	4,555	467,145	SH		SOLE		236,265	0	230,880
A O SMITH CORP	COM	831865209	870	15,438	SH		SOLE		3,010	0	12,428
AAR CORP	COM	000361105	12,635	363,487	SH		SOLE		100,979	0	262,508
AARON'S INC	COM	002535300	11,167	287,082	SH		SOLE		79,750	0	207,332
ADOBE SYSTEMS INC	COM	00724F101	240	1,695	SH		SOLE		1,695	0	0
ADTALEM GLOBAL EDUCATION	COM	00737L103	10,329	272,180	SH		SOLE		75,613	0	196,567
ADURO BIOTECH INC	COM	00739L101	1,266	111,067	SH		SOLE		66,954	0	44,113
AEGEAN MARINE PETROLEUM	COM	Y0017S102	3,616	618,201	SH		SOLE		268,433	0	349,768
AEGION CORP	COM	00770F104	10,882	497,369	SH		SOLE		181,740	0	315,629
AIRCASTLE LTD	COM	G0129K104	15,387	707,443	SH		SOLE		196,527	0	510,916
ALLEGIANCE BANCSHARES INC	COM	01748H107	2,512	65,595	SH		SOLE		31,660	0	33,935
ALLETE INC	COM	018522300	14,619	203,951	SH		SOLE		54,891	0	149,060
ALLIANCE RES PARTNR LP UT LTD	COM	01877R108	3,689	195,204	SH		SOLE		55,286	0	139,918
ALLIANCEBERNSTEIN HOLDING LP	COM	01881G106	6,970	294,698	SH		SOLE		82,469	0	212,229
ALLSCRIPTS HEALTHCARE	COM	01988P108	506	39,693	SH		SOLE		22,438	0	17,255
ALMOST FAMILY INC	COM	020409108	8,607	139,613	SH		SOLE		57,309	0	82,304
ALPHABET INC A	COM	02079K305	907	976	SH		SOLE		501	0	475
ALTRIA GROUP	COM	02209S103	13,553	181,997	SH		SOLE		144,127	0	37,870
AMAZON.COM INC	COM	023135106	627	648	SH		SOLE		373	0	275
AMC NETWORKS INC-A	COM	00164V103	2,008	37,590	SH		SOLE		22,662	0	14,928
AMEDISYS INC	COM	023436108	3,495	55,651	SH		SOLE		33,546	0	22,105
AMERICAN AIRLINES GROUP	COM	02376R102	13,675	271,760	SH		SOLE		214,740	0	57,020
AMERICAN AXLE & MFG HOLDINGS	COM	024061103	14,996	961,299	SH		SOLE		267,048	0	694,251
AMERICAN EAGLE OUTFITTERS	COM	02553E106	505	41,925	SH		SOLE		23,625	0	18,300
AMERICAN VANGUARD CORP	COM	030371108	3,089	179,079	SH		SOLE		107,897	0	71,182
AMERICAN WOODMARK CORP	COM	030506109	2,689	28,139	SH		SOLE		16,929	0	11,210
AMERIPRISE FINANCIAL	COM	03076C106	9,704	76,239	SH		SOLE		57,418	0	18,821
AMGEN INC	COM	031162100	15,573	90,420	SH		SOLE		69,765	0	20,655
AMPHENOL CORP-CL A	COM	032095101	871	11,800	SH		SOLE		2,680	0	9,120
ANTHEM INC	COM	036752103	16,007	85,085	SH		SOLE		67,230	0	17,855
APOGEE ENTERPRISES	COM	037598109	736	12,940	SH		SOLE		7,350	0	5,590
APPLE INC	COM	037833100	993	6,892	SH		SOLE		3,452	0	3,440
ARGO GROUP INTERNATIONAL	COM	G0464B107	2,312	38,148	SH		SOLE		23,078	0	15,070
ARMSTRONG WORLD	COM	04247x102	2,894	62,919	SH		SOLE		37,928	0	24,991
ASPEN INSURANCE HOLDINGS	COM	G05384105	10,007	200,734	SH		SOLE		55,762	0	144,972
ASPEN TECHNOLOGY INC	COM	045327103	3,575	64,687	SH		SOLE		38,240	0	26,447
ASSOCIATED BANC CORP	COM	045487105	17,775	705,355	SH		SOLE		198,914	0	506,441
AT & T INC COM	COM	00206R102	22,474	595,655	SH		SOLE		462,925	0	132,730
AVISTA CORP COM	COM	05379B107	491	11,575	SH		SOLE		6,600	0	4,975
AVX CORP	COM	002444107	4,666	285,534	SH		SOLE		79,321	0	206,213
BANC OF CALIFORNIA	COM	05990K106	505	23,475	SH		SOLE		13,250	0	10,225
BANK OF COMMERCE HOLDINGS	COM	06424J103	1,803	163,130	SH		SOLE		78,555	0	84,575
BANNER CORP	COM	06652V208	760	13,449	SH		SOLE		7,039	0	6,410
BAR HARBOR BANKSHARES	COM	066849100	2,798	90,780	SH		SOLE		43,686	0	47,094
BARNES GROUP INC	COM	067806109	15,401	263,131	SH		SOLE		73,650	0	189,481
BARRETT BUSINESS SVCS INC	COM	068463108	5,563	97,100	SH		SOLE		48,280	0	48,820
BEL FUSE INC - CL B	COM	077347300	1,923	77,853	SH		SOLE		38,671	0	39,182
BELDEN INC	COM	077454106	11,159	147,939	SH		SOLE		41,098	0	106,841
BERKSHIRE HILLS BANC	COM	084680107	701	19,950	SH		SOLE		10,420	0	9,530
BERRY GLOBAL GROUP INC	COM	08579W103	216	3,789	SH		SOLE		0	0	3,789
BIG 5 SPORTING GOODS COM	COM	08915P101	2,211	169,438	SH		SOLE		47,068	0	122,370
BIG LOTS INC	COM	089302103	7,113	147,276	SH		SOLE		40,914	0	106,362
BLACK BOX CORP	COM	091826107	2,806	328,154	SH		SOLE		167,800	0	160,354
BLOOMIN' BRANDS INC	COM	094235108	14,024	660,585	SH		SOLE		188,226	0	472,359
BLUE CAPITAL REINSURANCE HOL	COM	G1190F107	1,023	55,925	SH		SOLE		26,925	0	29,000
BLUEPRINT MEDICINES CORP	COM	09627Y109	1,859	36,687	SH		SOLE		22,086	0	14,601
BOFI HOLDING INC	COM	05566U108	600	25,300	SH		SOLE		14,415	0	10,885
BRINK'S CO/THE	COM	109696104	6,274	93,642	SH		SOLE		26,226	0	67,416
BRINKER INTERNATIONAL INC	COM	109641100	251	6,600	SH		SOLE		3,750	0	2,850
BRISTOL-MYERS SQUIBB CO	COM	110122108	13,226	237,371	SH		SOLE		183,996	0	53,375
BROADSOFT INC	COM	11133B409	429	9,975	SH		SOLE		5,625	0	4,350
CABOT CORP	COM	127055101	9,967	186,548	SH		SOLE		52,641	0	133,907
CALERES INC	COM	129500104	381	13,700	SH		SOLE		7,725	0	5,975
CANTEL MEDICAL CORP	COM	138098108	4,233	54,335	SH		SOLE		32,666	0	21,669
CAPITAL CITY BK GROUP	COM	139674105	4,099	200,755	SH		SOLE		96,685	0	104,070
CAPITAL ONE FINANCIAL CORP	COM	14040H105	13,173	159,440	SH		SOLE		126,010	0	33,430
CARNIVAL CORP	COM	143658300	12,623	192,510	SH		SOLE		152,110	0	40,400
CARPENTER TECHNOLOGY	COM	144285103	537	14,360	SH		SOLE		8,145	0	6,215
CARRIZO OIL & INC COM	COM	144577103	1,166	66,925	SH		SOLE		40,258	0	26,667
CAVCO INDUSTRIES	COM	149568107	4,181	32,248	SH		SOLE		19,440	0	12,808
CECO ENVIRONMENTAL	COM	125141101	5,949	648,050	SH		SOLE		326,945	0	321,105
CELADON GROUP INC	COM	150838100	2,827	897,360	SH		SOLE		457,555	0	439,805
CELESTICA INC SUB VTG SHS	COM	15101Q108	8,346	614,589	SH		SOLE		170,732	0	443,857
CELGENE CORP	COM	151020104	232	1,785	SH		SOLE		1,785	0	0
CENTRAL GARDEN&PET CO COM	COM	153527106	2,425	76,295	SH		SOLE		46,026	0	30,269
CENTURY CASINOS INC	COM	156492100	1,666	226,055	SH		SOLE		109,105	0	116,950
CENTURY COMMUNITIES INC	COM	156504300	4,329	174,575	SH		SOLE		88,140	0	86,435
CHARLES RIV LABS INTL COM	COM	159864107	9,201	90,967	SH		SOLE		26,802	0	64,165
CHEMICAL FINL CORP COM	COM	163731102	3,769	77,860	SH		SOLE		23,696	0	54,164
CHEVRON CORP	COM	166764100	9,317	89,300	SH		SOLE		68,090	0	21,210
CISCO SYSTEMS	COM	17275R102	12,460	398,070	SH		SOLE		314,545	0	83,525
CITI TRENDS INC	COM	17306X102	1,629	76,766	SH		SOLE		46,209	0	30,557
CITIGROUP INC	COM	172967424	27,627	413,085	SH		SOLE		319,895	0	93,190
CITIZENS FINANCIAL GROUP	COM	174610105	15,386	431,225	SH		SOLE		340,760	0	90,465
CLIFTON BANCORP	COM	186873105	4,909	296,972	SH		SOLE		108,402	0	188,570
COEUR MINING	COM	192108504	5,700	664,347	SH		SOLE		184,557	0	479,790
COLUMBUS MCKINNON N Y COM	COM	199333105	5,917	232,777	SH		SOLE		117,787	0	114,990
COMMVAULT SYSTEMS	COM	204166102	4,020	71,206	SH		SOLE		42,956	0	28,250
COMTECH CORP	COM	205826209	3,992	210,425	SH		SOLE		106,120	0	104,305
CONCURRENT COMPUTER	COM	206710402	1,482	222,840	SH		SOLE		108,535	0	114,305
CONOCOPHILLIPS	COM	20825C104	7,929	180,375	SH		SOLE		137,490	0	42,885
CONSTELLATION BRANDS INC-A	COM	21036P108	240	1,238	SH		SOLE		640	0	598
CONVERGYS CORP	COM	212485106	5,383	226,348	SH		SOLE		62,877	0	163,471
COOPER-STANDARD	COM	21676P103	2,035	20,177	SH		SOLE		12,174	0	8,003
COOPER TIRE & RUBBER	COM	216831107	9,918	274,727	SH		SOLE		76,316	0	198,411
COVENANT TRANSPORTATION	COM	22284P105	4,491	256,185	SH		SOLE		130,770	0	125,415
COWEN INC-CLASS A	COM	223622606	5,407	332,750	SH		SOLE		170,025	0	162,725
CRA INTERNATIONAL	COM	12618T105	4,722	130,015	SH		SOLE		62,585	0	67,430
CRANE CO	COM	224399105	15,727	198,121	SH		SOLE		59,713	0	138,408
CROSS COUNTRY HEALTH	COM	227483104	5,812	450,225	SH		SOLE		230,735	0	219,490
CSG SYS INTL INC COM	COM	126349109	7,797	192,141	SH		SOLE		53,377	0	138,764
CULP INC	COM	230215105	1,453	44,720	SH		SOLE		21,570	0	23,150
CVS HEALTH	COM	126650100	15,032	186,820	SH		SOLE		145,250	0	41,570
CYTOMX THERAPEUTICS	COM	23284F105	1,186	76,498	SH		SOLE		46,116	0	30,382
DAVE & BUSTER'S ENT	COM	238337109	3,432	51,601	SH		SOLE		31,031	0	20,570
DEL FRISCOS RESTAURANT	COM	245077102	3,352	208,185	SH		SOLE		100,135	0	108,050
DELEK US HOLDINGS INC	COM	24665A103	311	11,775	SH		SOLE		6,725	0	5,050
DELTIC TIMBER CORP	COM	247850100	361	4,840	SH		SOLE		2,765	0	2,075
DELUXE CORP COM	COM	248019101	3,957	57,163	SH		SOLE		34,460	0	22,703
DENBURY RESOURCES INC	COM	247916208	1,454	950,053	SH		SOLE		265,397	0	684,656
DENTSPLY SIRONA INC	COM	24906P109	606	9,343	SH		SOLE		1,995	0	7,348
DIME COMMUNITY BANC	COM	253922108	6,046	308,480	SH		SOLE		150,530	0	157,950
DISCOVER FINL SERVICES	COM	254709108	10,517	169,105	SH		SOLE		133,665	0	35,440
DOMTAR CORP	COM	257559203	5,137	133,704	SH		SOLE		37,423	0	96,281
DONNELLEY FINANANCIAL SOLUTION	COM	25787G100	4,964	216,209	SH		SOLE		60,063	0	156,146
DORMAN PRODUCTS INC	COM	258278100	3,387	40,923	SH		SOLE		24,602	0	16,321
DOW CHEMICAL	COM	260543103	19,219	304,730	SH		SOLE		240,765	0	63,965
DUCOMMUN INC	COM	264147109	4,107	130,045	SH		SOLE		65,775	0	64,270
EAGLE BANCORP INC MD COM	COM	268948106	3,167	50,034	SH		SOLE		30,080	0	19,954
EATON CORP	COM	G29183103	21,743	279,360	SH		SOLE		220,725	0	58,635
EDWARDS LIFESCIENCES CORP	COM	28176E108	357	3,020	SH		SOLE		1,015	0	2,005
ELECTRO SCIENTIFIC	COM	285229100	2,586	313,795	SH		SOLE		150,925	0	162,870
ELECTRONIC ARTS INC	COM	285512109	901	8,519	SH		SOLE		2,228	0	6,291
ELECTRONICS FOR IMAGNG	COM	286082102	443	9,350	SH		SOLE		5,275	0	4,075
EMCOR GROUP INC	COM	29084Q100	11,664	178,406	SH		SOLE		52,548	0	125,858
EMERGENT BIOSOLUTIONS	COM	29089Q105	3,103	91,508	SH		SOLE		54,519	0	36,989
ENCORE WIRE CORP	COM	292562105	496	11,605	SH		SOLE		6,635	0	4,970
ENERSYS	COM	29275Y102	12,446	171,783	SH		SOLE		46,233	0	125,550
ESSA BANCORP INC	COM	29667D104	2,885	195,995	SH		SOLE		102,810	0	93,185
ETHAN ALLEN INTERIORS COM	COM	297602104	2,799	86,645	SH		SOLE		41,830	0	44,815
EURONET WORLDWIDE INC COM	COM	298736109	3,797	43,460	SH		SOLE		25,035	0	18,425
EXACTECH, INC	COM	30064E109	3,409	114,412	SH		SOLE		55,078	0	59,334
EXELON CORP COM	COM	30161N101	18,991	526,510	SH		SOLE		408,730	0	117,780
EXTENDED STAY AMERICA INC	COM	30224P200	3,644	188,216	SH		SOLE		113,544	0	74,672
EXXON MOBIL CORP	COM	30231G102	15,461	191,510	SH		SOLE		151,335	0	40,175
FABRINET	COM	G3323L100	597	14,000	SH		SOLE		7,925	0	6,075
FACEBOOK INC-A	COM	30303M102	798	5,285	SH		SOLE		2,670	0	2,615
FIDELITY SOUTHN CORP COM	COM	316394105	5,981	261,650	SH		SOLE		130,750	0	130,900
FINANCIAL INSTNS INC	COM	317585404	4,336	145,515	SH		SOLE		70,325	0	75,190
FINISH LINE/THE - CL A	COM	317923100	2,454	173,215	SH		SOLE		49,466	0	123,749
FIRST BANCORP INC ME	COM	31866P102	2,876	106,295	SH		SOLE		55,370	0	50,925
FIRST FINANCIAL	COM	320218100	6,431	135,960	SH		SOLE		68,615	0	67,345
FIRST INTERNET BANC	COM	320557101	4,658	166,063	SH		SOLE		85,603	0	80,460
FIRST MIDWEST BANCORP COM	COM	320867104	11,328	485,979	SH		SOLE		135,005	0	350,974
FIRSTENERGY CORP	COM	337932107	14,967	513,275	SH		SOLE		405,600	0	107,675
FISERV INC	COM	337738108	792	6,477	SH		SOLE		945	0	5,532
FNB CORP	COM	302520101	7,934	560,344	SH		SOLE		151,759	0	408,585
FOX FACTORY HOLDING	COM	35138V102	3,592	100,888	SH		SOLE		60,689	0	40,199
FRANKLIN FINANCIAL NETWORK	COM	35352P104	4,397	106,605	SH		SOLE		55,300	0	51,305
FULTON FINL CORP PA COM	COM	360271100	21,980	1,156,828	SH		SOLE		321,364	0	835,464
GAIN CAPITAL HOLDINGS	COM	36268W100	2,304	369,795	SH		SOLE		188,690	0	181,105
GENERAC HOLDINGS INC	COM	368736104	11,530	319,132	SH		SOLE		120,902	0	198,230
GENERAL DYNAMICS	COM	369550108	7,854	39,647	SH		SOLE		29,543	0	10,104
GILEAD SCIENCES	COM	375558103	8,059	113,856	SH		SOLE		88,006	0	25,850
GLATFELTER	COM	377316104	5,556	284,335	SH		SOLE		146,250	0	138,085
GLOBAL BRASS & COPPER HOLD	COM	37953G103	8,593	281,264	SH		SOLE		78,136	0	203,128
GOLDMAN SACHS	COM	38141G104	20,715	93,355	SH		SOLE		72,450	0	20,905
GRAHAM CORP	COM	384556106	4,642	236,099	SH		SOLE		120,715	0	115,384
GRAN TIERRA ENERGY	COM	38500T101	3,505	1,564,887	SH		SOLE		434,725	0	1,130,162
GRAND CANYON EDUCATION INC	COM	38526M106	5,207	66,407	SH		SOLE		40,031	0	26,376
GRANITE CONSTRUCTION INC	COM	387328107	589	12,220	SH		SOLE		6,935	0	5,285
GREAT WESTERN BANCORP INC.	COM	391416104	2,409	59,029	SH		SOLE		35,515	0	23,514
GREEN BANCORP INC	COM	39260X100	1,654	85,250	SH		SOLE		41,025	0	44,225
GREENHILL & CO INC	COM	395259104	5,278	262,595	SH		SOLE		133,735	0	128,860
GULF ISLAND FABRICATN	COM	402307102	3,517	303,180	SH		SOLE		153,995	0	149,185
GULFPORT ENERGY	COM	402635304	362	24,575	SH		SOLE		14,040	0	10,535
HANCOCK HOLDING CO	COM	410120109	21,550	439,795	SH		SOLE		127,974	0	311,821
HANMI FINANCIAL CORP	COM	410495204	5,612	197,241	SH		SOLE		95,970	0	101,271
HANOVER INSURANCE GROUP INC/	COM	410867105	10,440	117,792	SH		SOLE		33,439	0	84,353
HARDINGE INC COM	COM	412324303	3,861	310,880	SH		SOLE		157,980	0	152,900
HARTE-HANKS INC COM	COM	416196103	536	520,175	SH		SOLE		252,450	0	267,725
HARTFORD FINANCIAL SERVICES	COM	416515104	20,273	385,632	SH		SOLE		304,934	0	80,698
HARVARD BIOSCIENCE INC COM	COM	416906105	1,746	684,775	SH		SOLE		381,350	0	303,425
HAVERTY FURNITURE	COM	419596101	5,597	222,975	SH		SOLE		113,020	0	109,955
HAYNES INTERNATIONAL	COM	420877201	5,544	152,695	SH		SOLE		77,980	0	74,715
HCI GROUP INC	COM	40416E103	6,439	137,050	SH		SOLE		70,440	0	66,610
HEALTHCARE SVCS GP	COM	421906108	4,519	96,489	SH		SOLE		58,166	0	38,323
HEALTHEQUITY INC	COM	42226A107	3,835	76,953	SH		SOLE		46,314	0	30,639
HEALTHSOUTH CORP	COM	421924309	4,893	101,104	SH		SOLE		60,948	0	40,156
HELEN OF TROY LTD	COM	G4388N106	5,599	59,502	SH		SOLE		16,516	0	42,986
HERMAN MILLER INC	COM	600544100	395	12,985	SH		SOLE		7,415	0	5,570
HEXCEL CORP	COM	428291108	2,183	41,349	SH		SOLE		24,870	0	16,479
HILL-ROM HOLDINGS INC	COM	431475102	10,347	129,965	SH		SOLE		36,370	0	93,595
HILL INTERNATIONAL	COM	431466101	2,889	555,630	SH		SOLE		278,930	0	276,700
HILLENBRAND INC	COM	431571108	9,005	249,444	SH		SOLE		69,251	0	180,193
HOME DEPOT INC	COM	437076102	824	5,369	SH		SOLE		2,144	0	3,225
HOMESTREET INC	COM	43785V102	6,107	220,675	SH		SOLE		113,720	0	106,955
HOMETRUST BANCSHARES	COM	437872104	5,217	213,805	SH		SOLE		108,440	0	105,365
HOPE BANCORP	COM	43940T109	561	30,075	SH		SOLE		17,125	0	12,950
HORIZON BANCORP IND COM	COM	440407104	6,028	228,777	SH		SOLE		110,510	0	118,267
HP INC	COM	40434L105	12,634	722,755	SH		SOLE		571,095	0	151,660
HUB GROUP INC CL A	COM	443320106	2,084	54,334	SH		SOLE		32,753	0	21,581
HYSTER-YALE MATERIALS	COM	449172105	7,601	108,201	SH		SOLE		30,038	0	78,163
IDACORP INC COM	COM	451107106	8,905	104,335	SH		SOLE		29,881	0	74,454
IDT CORP CL B	COM	448947507	3,362	233,945	SH		SOLE		118,425	0	115,520
II VI INC COM	COM	902104108	3,100	90,391	SH		SOLE		53,402	0	36,989
INDEPENDENT BANK MA	COM	453836108	241	3,615	SH		SOLE		1,980	0	1,635
INDEPENDENT BANK MI	COM	453838609	6,185	284,347	SH		SOLE		144,225	0	140,122
INNOVIVA INC	COM	45781M101	1,731	135,231	SH		SOLE		81,349	0	53,882
INOGEN INC	COM	45780L104	5,004	52,439	SH		SOLE		31,525	0	20,914
INTEGRA LIFESCIEN HLDG COM NEW	COM	457985208	3,086	56,622	SH		SOLE		15,239	0	41,383
INTEGRATED DEVICE TECH INC	COM	458118106	3,134	121,514	SH		SOLE		73,253	0	48,261
INTEL CORP	COM	458140100	473	14,010	SH		SOLE		3,210	0	10,800
INTERCONTINENTAL EXCH	COM	45866F104	946	14,348	SH		SOLE		4,365	0	9,983
INTERDIGITAL COMMUNCTN COM	COM	45867G101	2,978	38,531	SH		SOLE		23,245	0	15,286
INTERNATIONAL BNCSHRS COM	COM	459044103	12,186	347,666	SH		SOLE		96,579	0	251,087
ITRON INC	COM	465741106	14,957	220,774	SH		SOLE		61,281	0	159,493
ITT INC	COM	45073V108	624	15,535	SH		SOLE		8,805	0	6,730
IXYS CORP	COM	46600W106	11,011	669,349	SH		SOLE		272,396	0	396,953
J.C. PENNEY CO INC	COM	708160106	904	194,490	SH		SOLE		117,238	0	77,252
JABIL INC	COM	466313103	8,950	306,595	SH		SOLE		242,295	0	64,300
JANUS HENDERSON GROUP PLC	COM	G4474Y214	2,529	76,385	SH		SOLE		45,912	0	30,473
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	6,097	62,216	SH		SOLE		37,129	0	25,087
JOHNSON & JOHNSON	COM	478160104	31,689	239,545	SH		SOLE		186,650	0	52,895
JPMORGAN CHASE	COM	46625H100	37,440	409,625	SH		SOLE		318,100	0	91,525
KB HOME	COM	48666K109	15,532	647,967	SH		SOLE		180,007	0	467,960
KEYCORP	COM	493267108	9,497	506,764	SH		SOLE		401,002	0	105,762
KINGSTONE COMPANIES INC	COM	496719105	4,398	287,450	SH		SOLE		138,475	0	148,975
KIRKLANDS INC COM	COM	497498105	5,490	534,020	SH		SOLE		273,015	0	261,005
KNOLL INC	COM	498904200	2,067	103,076	SH		SOLE		62,191	0	40,885
KORN FERRY INTL COM NEW	COM	500643200	10,346	299,631	SH		SOLE		83,237	0	216,394
KRATON CORP	COM	50077C106	5,788	168,071	SH		SOLE		46,637	0	121,434
KULICKE & SOFFA INDS COM	COM	501242101	6,100	320,701	SH		SOLE		89,033	0	231,668
LA Z BOY INC	COM	505336107	469	14,430	SH		SOLE		7,450	0	6,980
LAKELAND BANCORP INC COM	COM	511637100	5,664	300,465	SH		SOLE		152,015	0	148,450
LAM RESEARCH CORP	COM	512807108	13,008	91,975	SH		SOLE		70,905	0	21,070
LANDEC CORP	COM	514766104	6,133	412,990	SH		SOLE		200,890	0	212,100
LEAR CORP	COM	521865204	14,413	101,442	SH		SOLE		80,237	0	21,205
LIGHTPATH TECHNOLOGIES CL A NE	COM	532257805	957	354,300	SH		SOLE		170,600	0	183,700
LITTELFUSE INC	COM	537008104	4,751	28,796	SH		SOLE		17,300	0	11,496
LKQ CORP	COM	501889208	432	13,123	SH		SOLE		0	0	13,123
LOCKHEED MARTIN CORP	COM	539830109	226	815	SH		SOLE		815	0	0
LSC COMMUNICATIONS INC	COM	50218P107	2,138	99,926	SH		SOLE		27,758	0	72,168
LYONDELLBASELL INDU-CL A	COM	N53745100	10,635	126,025	SH		SOLE		99,605	0	26,420
M/I HOMES INC COM	COM	55305B101	9,097	318,621	SH		SOLE		115,725	0	202,896
MAINSOURCE FINANCIAL	COM	56062Y102	7,211	215,195	SH		SOLE		110,180	0	105,015
MARATHON PETROLEUM CORP	COM	56585A102	13,603	259,946	SH		SOLE		201,926	0	58,020
MARINEMAX INC COM	COM	567908108	5,363	274,340	SH		SOLE		139,575	0	134,765
MARKETAXXESS HLDGS INC COM	COM	57060D108	5,094	25,331	SH		SOLE		14,844	0	10,487
MARTEN TRANS LTD	COM	573075108	5,734	209,260	SH		SOLE		101,130	0	108,130
MATRIX SVC CO	COM	576853105	247	26,415	SH		SOLE		14,990	0	11,425
MATTHEWS INTL CORP CL A	COM	577128101	7,847	128,120	SH		SOLE		35,564	0	92,556
MEDIDATA SOLUTIONS INC	COM	58471A105	5,104	65,267	SH		SOLE		39,002	0	26,265
MEET GROUP	COM	58513U101	4,416	874,425	SH		SOLE		447,075	0	427,350
MELLANOX TECHNOLOGIES LTD	COM	M51363113	2,092	48,304	SH		SOLE		29,119	0	19,185
MERCER INTL INC	COM	588056101	3,379	293,814	SH		SOLE		81,622	0	212,192
MEREDITH CORP	COM	589433101	16,033	269,692	SH		SOLE		77,572	0	192,120
META FINANCIAL GROUP	COM	59100U108	3,873	43,517	SH		SOLE		21,366	0	22,151
MICROCHIP TECHNOLOGY INC	COM	595017104	349	4,526	SH		SOLE		1,875	0	2,651
MICROSEMI CORP	COM	595137100	4,404	94,104	SH		SOLE		25,631	0	68,473
MICROSOFT CORP	COM	594918104	340	4,938	SH		SOLE		4,938	0	0
MIDDLEBY CORP COM	COM	596278101	2,006	16,507	SH		SOLE		9,849	0	6,658
MITEL NETWORKS CORP	COM	60671Q104	562	76,525	SH		SOLE		43,525	0	33,000
MOHAWK INDUSTRIES	COM	608190104	227	938	SH		SOLE		0	0	938
MONOLITHIC POWER SYSTEMS	COM	609839105	3,562	36,947	SH		SOLE		21,867	0	15,080
MOTORCAR PARTS OF AMERICA	COM	620071100	4,986	176,575	SH		SOLE		89,250	0	87,325
MOVADO GROUP INC COM	COM	624580106	3,423	135,576	SH		SOLE		37,631	0	97,945
MYRIAD GENETICS INC	COM	62855J104	627	24,250	SH		SOLE		13,050	0	11,200
NAVIGANT CONSULTING INC	COM	63935N107	3,972	200,998	SH		SOLE		55,802	0	145,196
NELNET INC CL A	COM	64031N108	5,854	124,523	SH		SOLE		34,566	0	89,957
NEOGEN CORP	COM	640491106	4,292	62,106	SH		SOLE		36,834	0	25,272
NETGEAR INC	COM	64111Q104	6,120	141,985	SH		SOLE		39,742	0	102,243
NEW YORK AND COMPANY INC	COM	649295102	626	453,750	SH		SOLE		230,025	0	223,725
NEWPARK RESOURCES INC	COM	651718504	4,242	577,190	SH		SOLE		295,665	0	281,525
NORTHEAST BANCORP COM	COM	663904209	1,453	71,400	SH		SOLE		34,365	0	37,035
NORTHRIM BANCORP INC	COM	666762109	1,739	57,215	SH		SOLE		27,595	0	29,620
NORTHWEST PIPE CO COM	COM	667746101	4,108	252,650	SH		SOLE		121,725	0	130,925
NUCOR CORP	COM	670346105	10,502	181,470	SH		SOLE		143,415	0	38,055
NUVASIVE INC	COM	670704105	211	2,745	SH		SOLE		0	0	2,745
OCEANEERING INTL INC	COM	675232102	400	17,500	SH		SOLE		9,950	0	7,550
OLD NATIONAL BANCORP	COM	680033107	19,007	1,101,866	SH		SOLE		317,770	0	784,096
OLYMPIC STEEL INC COM	COM	68162K106	4,447	228,290	SH		SOLE		115,790	0	112,500
OMNICELL INC	COM	68213N109	3,118	72,342	SH		SOLE		43,483	0	28,859
ONE GAS INC	COM	68235P108	272	3,900	SH		SOLE		2,125	0	1,775
OPUS BANK	COM	684000102	5,500	227,270	SH		SOLE		117,065	0	110,205
ORACLE CORPORATION	COM	68389X105	16,821	335,485	SH		SOLE		265,110	0	70,375
ORION GROUP HLDGS	COM	68628V308	3,772	504,910	SH		SOLE		257,710	0	247,200
OWENS-ILLINOIS INC	COM	690768403	17,540	733,293	SH		SOLE		198,636	0	534,657
OWENS & MINOR INC NEW COM	COM	690732102	10,023	311,367	SH		SOLE		87,152	0	224,215
PACIFIC ETHANOL INC COM	COM	69423U305	2,900	464,075	SH		SOLE		235,625	0	228,450
PAN AMERICAN SILVER CORP	COM	697900108	7,552	448,965	SH		SOLE		124,720	0	324,245
PAPA JOHN'S INTL INC	COM	698813102	2,532	35,281	SH		SOLE		21,268	0	14,013
PAREXEL INTERNATIONAL CORP	COM	699462107	3,714	42,737	SH		SOLE		25,704	0	17,033
PARK OHIO HLDGS CORP COM	COM	700666100	2,790	73,235	SH		SOLE		20,347	0	52,888
PAYPAL INC COM	COM	70450Y103	211	3,936	SH		SOLE		3,936	0	0
PENTAIR PLC	COM	G7S00T104	18,209	273,655	SH		SOLE		212,335	0	61,320
PEOPLES BANCORP INC	COM	709789101	6,920	215,385	SH		SOLE		104,870	0	110,515
PERRY ELLIS	COM	288853104	3,465	178,070	SH		SOLE		91,945	0	86,125
PHIBRO ANIMAL HEALTH A	COM	71742Q106	4,221	113,930	SH		SOLE		68,682	0	45,248
PHOTRONICS	COM	719405102	4,218	448,725	SH		SOLE		232,775	0	215,950
PLANTRONICS	COM	727493108	12,559	240,085	SH		SOLE		66,652	0	173,433
PLEXUS CORP	COM	729132100	438	8,325	SH		SOLE		4,575	0	3,750
PNC FINANCIAL SERVICES GROUP	COM	693475105	10,452	83,700	SH		SOLE		66,130	0	17,570
POLA POWER INC	COM	73102V105	938	176,675	SH		SOLE		85,050	0	91,625
PORTLAND GENERAL ELECTRIC	COM	736508847	12,177	266,503	SH		SOLE		81,783	0	184,720
PPL CORPORATION	COM	69351T106	13,563	350,827	SH		SOLE		269,987	0	80,840
PROOFPOINT INC	COM	743424103	239	2,749	SH		SOLE		0	0	2,749
PROSPERITY BANCSHARES	COM	743606105	6,811	106,028	SH		SOLE		40,011	0	66,017
PRUDENTIAL FINANCIAL	COM	744320102	18,349	169,680	SH		SOLE		134,070	0	35,610
PUBLIC SERVICE ENTERPRISE GP	COM	744573106	5,390	125,315	SH		SOLE		99,005	0	26,310
QUALITY SYS INC COM	COM	747582104	4,526	262,965	SH		SOLE		73,050	0	189,915
RAMACO RESOURCES INC	COM	75134P303	2,116	349,725	SH		SOLE		170,175	0	179,550
RCI HOSPITALITY	COM	74934Q108	2,612	109,550	SH		SOLE		52,750	0	56,800
REALPAGE INC	COM	75606N109	4,004	111,378	SH		SOLE		67,138	0	44,240
REGAL-BELOIT CORP	COM	758750103	14,686	180,084	SH		SOLE		48,798	0	131,286
REPLIGEN CORP COM	COM	759916109	3,240	78,196	SH		SOLE		47,015	0	31,181
RING ENERGY INC	COM	76680V108	4,030	309,992	SH		SOLE		154,701	0	155,291
ROCKWELL COLLINS INC	COM	774341101	391	3,717	SH		SOLE		1,420	0	2,297
RTI SURGICAL INC	COM	74975N105	4,940	844,450	SH		SOLE		427,175	0	417,275
RUDOLPH TECHNOLOGIES	COM	781270103	6,665	291,706	SH		SOLE		153,616	0	138,090
RUTHS HOSPITALITY GROUP	COM	783332109	3,258	149,776	SH		SOLE		89,974	0	59,802
SANMINA SCI CORP	COM	801056102	18,227	478,386	SH		SOLE		132,893	0	345,493
SCANSOURCE INC COM	COM	806037107	4,051	100,519	SH		SOLE		27,926	0	72,593
SCHULMAN A INC COM	COM	808194104	10,110	315,948	SH		SOLE		107,237	0	208,711
SCIENCE APPLICATIONS INTL	COM	808625107	7,740	111,492	SH		SOLE		30,971	0	80,521
SCOTTS MIRACLE-GRO CO-CL A	COM	810186106	2,484	27,768	SH		SOLE		15,900	0	11,868
SEAGATE TECHNOLOGY	COM	G7945M107	4,656	120,145	SH		SOLE		94,930	0	25,215
SELECT MEDICAL HOLDINGS	COM	81619Q105	12,034	783,969	SH		SOLE		209,377	0	574,592
SI FINANCIAL GROUP	COM	78425V104	2,102	130,571	SH		SOLE		64,585	0	65,986
SIERRA BANCORP COM	COM	82620P102	4,096	166,840	SH		SOLE		84,700	0	82,140
SILICOM LTD	COM	M84116108	6,257	141,055	SH		SOLE		71,630	0	69,425
SIRIUS XM HOLDINGS	COM	82968B103	186	34,064	SH		SOLE		0	0	34,064
SNAP-ON INC	COM	833034101	629	3,980	SH		SOLE		920	0	3,060
SOUTHERN NATL BANCORP OF VA	COM	843395104	2,525	143,475	SH		SOLE		73,025	0	70,450
SOUTHWEST AIRLINES CO	COM	844741108	207	3,328	SH		SOLE		0	0	3,328
SPARTANNASH	COM	847215100	4,867	187,489	SH		SOLE		56,672	0	130,817
SPOK HOLDINGS	COM	84863T106	3,676	207,660	SH		SOLE		106,045	0	101,615
SRC ENERGY INC	COM	78470V108	296	43,925	SH		SOLE		24,950	0	18,975
STARBUCKS CORP	COM	855244109	440	7,550	SH		SOLE		2,750	0	4,800
STATE STREET CORP	COM	857477103	9,701	108,110	SH		SOLE		85,410	0	22,700
STEPAN CO COM	COM	858586100	8,737	100,268	SH		SOLE		27,853	0	72,415
STERLING CONSTRUCTION	COM	859241101	7,259	555,430	SH		SOLE		288,980	0	266,450
SUMMIT MATERIALS A	COM	86614U100	3,793	131,388	SH		SOLE		77,152	0	54,236
SUPER MICRO COMPUTER	COM	86800U104	492	19,950	SH		SOLE		11,300	0	8,650
SWIFT TRANSPORTATION CO	COM	87074U101	758	28,595	SH		SOLE		15,395	0	13,200
SYKES ENTERPRISES INC	COM	871237103	7,239	215,897	SH		SOLE		90,400	0	125,497
SYNAPTICS INC COM	COM	87157D109	506	9,795	SH		SOLE		5,565	0	4,230
SYSCO CORP	COM	871829107	11,249	223,495	SH		SOLE		176,615	0	46,880
TARGET CORP	COM	87612E106	11,227	214,705	SH		SOLE		169,680	0	45,025
TCF FINANCIAL CORP	COM	872275102	12,217	766,453	SH		SOLE		212,918	0	553,535
TECH DATA CORP	COM	878237106	13,218	130,871	SH		SOLE		34,239	0	96,632
TENNECO INC	COM	880349105	2,526	43,683	SH		SOLE		25,753	0	17,930
TERRITORIAL BANCORP INC	COM	88145X108	4,596	147,345	SH		SOLE		75,645	0	71,700
TESCO CORP	COM	88157K101	2,236	502,495	SH		SOLE		255,560	0	246,935
TRI POINTE GROUP	COM	87265H109	351	26,635	SH		SOLE		12,715	0	13,920
TUTOR PERINI CORP	COM	901109108	11,889	413,521	SH		SOLE		110,323	0	303,198
TYLER TECHNOLOGIES INC COM	COM	902252105	3,738	21,280	SH		SOLE		12,775	0	8,505
TYSON FOODS A	COM	902494103	16,728	267,086	SH		SOLE		207,451	0	59,635
UBIQUITI NETWORKS INC	COM	90347A100	2,467	47,474	SH		SOLE		28,562	0	18,912
ULTA BEAUTY INC	COM	90384S303	535	1,863	SH		SOLE		472	0	1,391
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	3,809	18,134	SH		SOLE		10,251	0	7,883
UMPQUA HLDGS CORP COM	COM	904214103	10,040	546,816	SH		SOLE		162,180	0	384,636
UNION PACFIC CORP	COM	907818108	10,257	94,175	SH		SOLE		74,425	0	19,750
UNITED CMNTY FINL OHIO COM	COM	909839102	4,854	584,150	SH		SOLE		281,525	0	302,625
UNITED HEALTH GROUP	COM	91324P102	615	3,315	SH		SOLE		1,565	0	1,750
UNITED INSURANCE HOLDINGS	COM	910710102	5,289	336,205	SH		SOLE		172,125	0	164,080
UNITED TECHNOLOGIES CORP	COM	913017109	13,130	107,530	SH		SOLE		84,955	0	22,575
UNITIL CORP	COM	913259107	1,914	39,623	SH		SOLE		19,568	0	20,055
UNIVERSAL FST PRODS COM	COM	913543104	7,863	90,057	SH		SOLE		25,019	0	65,038
UNIVERSAL STAINLESS	COM	913837100	4,900	251,300	SH		SOLE		131,605	0	119,695
UNUM GROUP	COM	91529Y106	14,680	314,824	SH		SOLE		249,039	0	65,785
VAIL RESORTS INC	COM	91879Q109	250	1,231	SH		SOLE		0	0	1,231
VALMONT INDUSTRIES	COM	920253101	3,181	21,265	SH		SOLE		12,819	0	8,446
VAREX IMAGING CORP	COM	92214X106	455	13,450	SH		SOLE		7,650	0	5,800
VEEVA SYSTEMS INC A	COM	922475108	3,138	51,186	SH		SOLE		30,856	0	20,330
VISA INC A	COM	92826C839	770	8,211	SH		SOLE		3,886	0	4,325
VISHAY INTERTECHNOLOGY INC	COM	928298108	21,284	1,282,155	SH		SOLE		428,690	0	853,465
VOCERA COMMUNICATIONS INC	COM	92857F107	3,140	118,846	SH		SOLE		71,706	0	47,140
WASHINGTON FEDERAL INC	COM	938824109	21,547	648,998	SH		SOLE		180,293	0	468,705
WASHINGTON TRUST BANCORP	COM	940610108	3,866	74,995	SH		SOLE		36,120	0	38,875
WEBMD HEALTH CORP	COM	94770V102	2,825	48,172	SH		SOLE		28,978	0	19,194
WESBANCO INC COM	COM	950810101	6,840	172,982	SH		SOLE		48,013	0	124,969
WESCO AIRCRAFT HOLDINGS INC	COM	950814103	2,663	245,460	SH		SOLE		68,190	0	177,270
WEST CORP COM	COM	952355204	3,927	168,397	SH		SOLE		46,782	0	121,615
WESTERN ALLIANCE BANCORP	COM	957638109	5,112	103,909	SH		SOLE		59,942	0	43,967
WESTERN DIGITAL CORP	COM	958102105	8,773	99,020	SH		SOLE		78,235	0	20,785
WHITING PETE CORP	COM	966387102	208	37,700	SH		SOLE		21,450	0	16,250
WILEY JOHN & SONS INC CL A	COM	968223206	6,340	120,183	SH		SOLE		33,369	0	86,814
WINGSTOP INC	COM	974155103	2,780	89,961	SH		SOLE		54,198	0	35,763
WINTRUST FINL CORP COM	COM	97650W108	20,195	264,193	SH		SOLE		77,008	0	187,185
XPERI CORP	COM	98421B100	441	14,805	SH		SOLE		8,455	0	6,350
ZOETIS INC	COM	98978V103	640	10,263	SH		SOLE		2,853	0	7,410
BP PLC ADR	ADR	055622104	15,715	453,545	SH		SOLE		358,390	0	95,155
CHIPMOS TECHNOLOGIES A	ADR	16965P103	2,877	145,529	SH		SOLE		40,427	0	105,102
GLAXOSMITHKLINE PLC-SPON ADR	ADR	37733W105	7,636	177,090	SH		SOLE		139,915	0	37,175
SANOFI-ADR	ADR	80105N105	7,617	158,990	SH		SOLE		125,670	0	33,320