Ceredex Value Advisors 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
ABBOTT LABS	COM	002824100	40,293	557,071	SH		OTR		0	509,469	47,602
ABBOTT LABS	COM	002824100	33,904	468,738	SH		SOLE		468,738	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	68,208	700,000	SH		OTR		0	700,000	0
AFFILIATED MANAGERS GROUP	COM	008252108	15,444	158,500	SH		SOLE		158,500	0	0
AIR PRODS & CHEMS INC	COM	009158106	64,163	398,176	SH		OTR		0	385,354	12,822
AIR PRODS & CHEMS INC	COM	009158106	29,192	181,150	SH		SOLE		181,150	0	0
ALASKA AIR GROUP INC	COM	011659109	22,819	375,000	SH		OTR		0	375,000	0
ALASKA AIR GROUP INC	COM	011659109	5,166	84,900	SH		SOLE		84,900	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	7,427	404,089	SH		OTR		0	404,089	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	8,984	488,772	SH		SOLE		215,101	0	273,671
ALLSTATE CORP	COM	020002101	23,041	277,311	SH		OTR		0	254,042	23,269
ALLSTATE CORP	COM	020002101	18,942	228,004	SH		SOLE		228,004	0	0
ALTRA INDL MOTION CORP	COM	02208R106	5,679	224,242	SH		OTR		0	224,242	0
ALTRA INDL MOTION CORP	COM	02208R106	6,893	272,258	SH		SOLE		119,458	0	152,800
AMC ENTMT HLDGS INC	CL A COM	00165C104	6,673	543,439	SH		OTR		0	543,439	0
AMC ENTMT HLDGS INC	CL A COM	00165C104	8,380	682,376	SH		SOLE		299,886	0	382,490
AMERICAN CAMPUS CMNTYS INC	COM	024835100	57,946	1,400,000	SH		OTR		0	1,400,000	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	12,924	312,250	SH		SOLE		312,250	0	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	16,679	862,849	SH		OTR		0	862,849	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	20,392	1,054,944	SH		SOLE		463,044	0	591,900
AMERICAN ELEC PWR INC	COM	025537101	41,107	550,000	SH		OTR		0	550,000	0
AMERICAN ELEC PWR INC	COM	025537101	9,085	121,550	SH		SOLE		121,550	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	69,650	3,500,000	SH		OTR		0	3,500,000	0
AMERICAN HOMES 4 RENT	CL A	02665T306	15,678	787,845	SH		SOLE		787,845	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	91,964	2,333,530	SH		OTR		0	2,228,325	105,205
AMERICAN INTL GROUP INC	COM NEW	026874784	50,279	1,275,786	SH		SOLE		1,275,786	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	86,530	1,163,042	SH		OTR		0	1,121,452	41,590
AMERISOURCEBERGEN CORP	COM	03073E105	41,701	560,493	SH		SOLE		560,493	0	0
ANALOG DEVICES INC	COM	032654105	83,470	972,509	SH		OTR		0	934,883	37,626
ANALOG DEVICES INC	COM	032654105	41,674	485,547	SH		SOLE		485,547	0	0
APOGEE ENTERPRISES INC	COM	037598109	13,053	437,291	SH		OTR		0	437,291	0
APOGEE ENTERPRISES INC	COM	037598109	15,908	532,934	SH		SOLE		234,434	0	298,500
ARTISAN PARTNERS ASSET MGMT	CL A	04316A108	2,134	96,518	SH		OTR		0	96,518	0
ARTISAN PARTNERS ASSET MGMT	CL A	04316A108	2,489	112,575	SH		SOLE		49,775	0	62,800
AVX CORP NEW	COM	002444107	3,358	220,183	SH		OTR		0	220,183	0
AVX CORP NEW	COM	002444107	4,180	274,089	SH		SOLE		119,789	0	154,300
B & G FOODS INC NEW	COM	05508R106	39,749	1,352,682	SH		OTR		0	1,352,682	0
B & G FOODS INC NEW	COM	05508R106	48,491	1,650,512	SH		SOLE		721,912	0	928,600
BANK AMER CORP	COM	060505104	44,230	1,795,060	SH		OTR		0	1,644,940	150,120
BANK AMER CORP	COM	060505104	36,253	1,471,313	SH		SOLE		1,471,313	0	0
BANK HAWAII CORP	COM	062540109	14,007	208,059	SH		OTR		0	208,059	0
BANK HAWAII CORP	COM	062540109	17,120	254,313	SH		SOLE		111,933	0	142,380
BLOOMIN BRANDS INC	COM	094235108	8,073	451,256	SH		OTR		0	451,256	0
BLOOMIN BRANDS INC	COM	094235108	10,076	563,200	SH		SOLE		246,600	0	316,600
BOISE CASCADE CO DEL	COM	09739D100	6,960	291,808	SH		OTR		0	291,808	0
BOISE CASCADE CO DEL	COM	09739D100	8,577	359,642	SH		SOLE		159,042	0	200,600
BORGWARNER INC	COM	099724106	24,318	700,000	SH		OTR		0	700,000	0
BORGWARNER INC	COM	099724106	5,569	160,300	SH		SOLE		160,300	0	0
BRADY CORP	CL A	104674106	2,155	49,578	SH		OTR		0	49,578	0
BRADY CORP	CL A	104674106	2,590	59,601	SH		SOLE		26,001	0	33,600
CABOT CORP	COM	127055101	30,467	709,520	SH		OTR		0	709,520	0
CABOT CORP	COM	127055101	10,016	233,247	SH		SOLE		181,247	0	52,000
CABOT MICROELECTRONICS CORP	COM	12709P103	64,248	670,988	SH		OTR		0	670,988	0
CABOT MICROELECTRONICS CORP	COM	12709P103	30,771	321,382	SH		SOLE		204,882	0	116,500
CABOT OIL & GAS CORP	COM	127097103	12,293	550,000	SH		OTR		0	550,000	0
CABOT OIL & GAS CORP	COM	127097103	2,893	129,450	SH		SOLE		129,450	0	0
CAPITAL ONE FINL CORP	COM	14040H105	30,236	400,000	SH		OTR		0	400,000	0
CAPITAL ONE FINL CORP	COM	14040H105	6,930	91,675	SH		SOLE		91,675	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	5,819	163,414	SH		OTR		0	163,414	0
CARPENTER TECHNOLOGY CORP	COM	144285103	7,111	199,704	SH		SOLE		88,104	0	111,600
CHEVRON CORP NEW	COM	166764100	51,141	470,092	SH		OTR		0	430,004	40,088
CHEVRON CORP NEW	COM	166764100	42,688	392,391	SH		SOLE		392,391	0	0
CIGNA CORP NEW	COM	125523100	37,923	199,677	SH		OTR		0	182,613	17,064
CIGNA CORP NEW	COM	125523100	31,939	168,172	SH		SOLE		168,172	0	0
CITIGROUP INC	COM NEW	172967424	40,833	784,346	SH		OTR		0	717,703	66,643
CITIGROUP INC	COM NEW	172967424	33,968	652,472	SH		SOLE		652,472	0	0
COHEN & STEERS INC	COM	19247A100	8,679	252,885	SH		OTR		0	252,885	0
COHEN & STEERS INC	COM	19247A100	10,578	308,206	SH		SOLE		135,607	0	172,599
COHU INC	COM	192576106	4,239	262,899	SH		OTR		0	262,899	0
COHU INC	COM	192576106	5,257	325,984	SH		SOLE		143,984	0	182,000
COLGATE PALMOLIVE CO	COM	194162103	38,866	652,989	SH		OTR		0	597,089	55,900
COLGATE PALMOLIVE CO	COM	194162103	32,710	549,565	SH		SOLE		549,565	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	1,357	45,008	SH		OTR		0	45,008	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	1,660	55,066	SH		SOLE		24,166	0	30,900
COMMERCIAL METALS CO	COM	201723103	5,918	369,417	SH		OTR		0	369,417	0
COMMERCIAL METALS CO	COM	201723103	7,336	457,940	SH		SOLE		200,740	0	257,200
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	6,034	247,898	SH		OTR		0	247,898	0
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	7,472	306,968	SH		SOLE		134,468	0	172,500
COUSINS PPTYS INC	COM	222795106	26,070	3,300,000	SH		OTR		0	3,300,000	0
COUSINS PPTYS INC	COM	222795106	5,921	749,500	SH		SOLE		749,500	0	0
COVANTA HLDG CORP	COM	22282E102	14,916	1,091,132	SH		OTR		0	1,091,132	0
COVANTA HLDG CORP	COM	22282E102	18,275	1,337,247	SH		SOLE		590,547	0	746,700
CROWN CASTLE INTL CORP NEW	COM	22822V101	93,360	859,428	SH		OTR		0	826,060	33,368
CROWN CASTLE INTL CORP NEW	COM	22822V101	46,993	432,599	SH		SOLE		432,599	0	0
CUBIC CORP	COM	229669106	19,111	355,623	SH		OTR		0	355,623	0
CUBIC CORP	COM	229669106	23,411	435,634	SH		SOLE		192,134	0	243,500
CYPRESS SEMICONDUCTOR CORP	COM	232806109	53,886	4,200,000	SH		OTR		0	4,200,000	0
CYPRESS SEMICONDUCTOR CORP	COM	232806109	12,173	948,800	SH		SOLE		948,800	0	0
DAKTRONICS INC	COM	234264109	4,541	613,683	SH		OTR		0	613,683	0
DAKTRONICS INC	COM	234264109	5,460	737,901	SH		SOLE		324,181	0	413,720
DEVON ENERGY CORP NEW	COM	25179M103	31,218	1,385,000	SH		OTR		0	1,385,000	0
DEVON ENERGY CORP NEW	COM	25179M103	7,079	314,050	SH		SOLE		314,050	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	43,603	470,363	SH		OTR		0	453,639	16,724
DIAMONDBACK ENERGY INC	COM	25278X109	21,102	227,641	SH		SOLE		227,641	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	5,489	604,527	SH		OTR		0	604,527	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	6,624	729,524	SH		SOLE		320,724	0	408,800
DISNEY WALT CO	COM DISNEY	254687106	36,953	334,200	SH		OTR		0	304,352	29,848
DISNEY WALT CO	COM DISNEY	254687106	32,283	292,140	SH		SOLE		292,140	0	0
DOVER CORP	COM	260003108	26,961	380,000	SH		OTR		0	380,000	0
DOVER CORP	COM	260003108	5,880	82,875	SH		SOLE		82,875	0	0
DOWDUPONT INC	COM	26078J100	53,214	995,031	SH		OTR		0	910,168	84,863
DOWDUPONT INC	COM	26078J100	44,439	830,955	SH		SOLE		830,955	0	0
EMERALD EXPOSITIONS EVENTS I	COM	29103B100	5,848	473,930	SH		OTR		0	473,930	0
EMERALD EXPOSITIONS EVENTS I	COM	29103B100	7,246	587,180	SH		SOLE		259,880	0	327,300
EMERSON ELEC CO	COM	291011104	34,158	571,686	SH		OTR		0	524,815	46,871
EMERSON ELEC CO	COM	291011104	27,382	458,274	SH		SOLE		458,274	0	0
ENERGIZER HLDGS INC NEW	COM	29272W109	114,257	2,530,601	SH		OTR		0	2,530,601	0
ENERGIZER HLDGS INC NEW	COM	29272W109	64,085	1,419,376	SH		SOLE		836,676	0	582,700
ENPRO INDS INC	COM	29355X107	7,331	121,986	SH		OTR		0	121,986	0
ENPRO INDS INC	COM	29355X107	8,907	148,207	SH		SOLE		64,907	0	83,300
EVERCORE INC	CLASS A	29977A105	21,034	293,930	SH		OTR		0	293,930	0
EVERCORE INC	CLASS A	29977A105	25,712	359,305	SH		SOLE		158,215	0	201,090
EVEREST RE GROUP LTD	COM	G3223R108	14,154	65,000	SH		OTR		0	65,000	0
EVEREST RE GROUP LTD	COM	G3223R108	3,049	14,000	SH		SOLE		14,000	0	0
FEDEX CORP	COM	31428X106	21,675	134,355	SH		OTR		0	122,858	11,497
FEDEX CORP	COM	31428X106	18,238	113,047	SH		SOLE		113,047	0	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	10,295	281,594	SH		OTR		0	281,594	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	12,802	350,164	SH		SOLE		153,464	0	196,700
FIRST REP BK SAN FRANCISCO C	COM	33616C100	50,837	585,000	SH		OTR		0	585,000	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	11,469	131,975	SH		SOLE		131,975	0	0
FIRSTENERGY CORP	COM	337932107	50,693	1,350,000	SH		OTR		0	1,350,000	0
FIRSTENERGY CORP	COM	337932107	11,252	299,650	SH		SOLE		299,650	0	0
GENERAL DYNAMICS CORP	COM	369550108	22,303	141,867	SH		OTR		0	129,727	12,140
GENERAL DYNAMICS CORP	COM	369550108	18,766	119,372	SH		SOLE		119,372	0	0
GRANITE CONSTR INC	COM	387328107	9,701	240,069	SH		OTR		0	240,069	0
GRANITE CONSTR INC	COM	387328107	12,013	297,293	SH		SOLE		131,433	0	165,860
GREAT LAKES DREDGE & DOCK CO	COM	390607109	1	100	SH		SOLE		100	0	0
GREENBRIER COS INC	COM	393657101	7,222	182,641	SH		OTR		0	182,641	0
GREENBRIER COS INC	COM	393657101	8,941	226,118	SH		SOLE		100,218	0	125,900
HANOVER INS GROUP INC	COM	410867105	15,010	128,542	SH		OTR		0	128,542	0
HANOVER INS GROUP INC	COM	410867105	17,410	149,094	SH		SOLE		61,220	0	87,874
HARRIS CORP DEL	COM	413875105	23,133	171,798	SH		OTR		0	157,330	14,468
HARRIS CORP DEL	COM	413875105	19,052	141,496	SH		SOLE		141,496	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	64,873	1,450,000	SH		OTR		0	1,450,000	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	14,587	326,050	SH		SOLE		326,050	0	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	1,921	72,773	SH		OTR		0	72,773	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	2,406	91,118	SH		SOLE		40,218	0	50,900
HECLA MNG CO	COM	422704106	7,452	3,157,608	SH		OTR		0	3,157,608	0
HECLA MNG CO	COM	422704106	9,095	3,853,768	SH		SOLE		1,693,258	0	2,160,510
HILL ROM HLDGS INC	COM	431475102	37,500	423,486	SH		OTR		0	423,486	0
HILL ROM HLDGS INC	COM	431475102	44,528	502,859	SH		SOLE		220,309	0	282,550
HONEYWELL INTL INC	COM	438516106	46,976	355,553	SH		OTR		0	325,713	29,840
HONEYWELL INTL INC	COM	438516106	38,668	292,671	SH		SOLE		292,671	0	0
HORACE MANN EDUCATORS CORP N	COM	440327104	8,584	229,219	SH		OTR		0	229,219	0
HORACE MANN EDUCATORS CORP N	COM	440327104	10,652	284,433	SH		SOLE		125,913	0	158,520
HUBBELL INC	COM	443510607	41,226	415,000	SH		OTR		0	415,000	0
HUBBELL INC	COM	443510607	9,067	91,275	SH		SOLE		91,275	0	0
HUMANA INC	COM	444859102	150,566	524,659	SH		OTR		0	513,153	11,506
HUMANA INC	COM	444859102	57,902	201,764	SH		SOLE		201,764	0	0
INGERSOLL-RAND PLC	SHS	G47791101	18,246	200,000	SH		OTR		0	200,000	0
INGERSOLL-RAND PLC	SHS	G47791101	4,244	46,525	SH		SOLE		46,525	0	0
INTERFACE INC	COM	458665304	4,103	287,897	SH		OTR		0	287,897	0
INTERFACE INC	COM	458665304	5,085	356,849	SH		SOLE		156,492	0	200,357
INTERPUBLIC GROUP COS INC	COM	460690100	18,876	915,000	SH		OTR		0	915,000	0
INTERPUBLIC GROUP COS INC	COM	460690100	4,358	211,250	SH		SOLE		211,250	0	0
JPMORGAN CHASE & CO	COM	46625H100	50,734	519,705	SH		OTR		0	476,194	43,511
JPMORGAN CHASE & CO	COM	46625H100	41,668	426,835	SH		SOLE		426,835	0	0
KADANT INC	COM	48282T104	1,279	15,699	SH		OTR		0	15,699	0
KADANT INC	COM	48282T104	1,545	18,962	SH		SOLE		8,162	0	10,800
KELLOGG CO	COM	487836108	77,090	1,352,227	SH		OTR		0	1,293,824	58,403
KELLOGG CO	COM	487836108	41,367	725,617	SH		SOLE		725,617	0	0
KELLY SVCS INC	CL A	488152208	7,581	370,176	SH		OTR		0	370,176	0
KELLY SVCS INC	CL A	488152208	9,507	464,232	SH		SOLE		203,902	0	260,330
KEMPER CORP DEL	COM	488401100	33,553	505,476	SH		OTR		0	505,476	0
KEMPER CORP DEL	COM	488401100	40,741	613,761	SH		SOLE		266,861	0	346,900
KENNAMETAL INC	COM	489170100	1,650	49,589	SH		OTR		0	49,589	0
KENNAMETAL INC	COM	489170100	2,832	85,096	SH		SOLE		37,396	0	47,700
KFORCE INC	COM	493732101	6,263	202,551	SH		OTR		0	202,551	0
KFORCE INC	COM	493732101	7,688	248,636	SH		SOLE		109,936	0	138,700
KNOLL INC	COM NEW	498904200	11,592	703,370	SH		OTR		0	703,370	0
KNOLL INC	COM NEW	498904200	14,162	859,363	SH		SOLE		378,383	0	480,980
KORN FERRY INTL	COM NEW	500643200	8,801	222,012	SH		OTR		0	222,012	0
KORN FERRY INTL	COM NEW	500643200	10,715	270,307	SH		SOLE		119,012	0	151,295
L3 TECHNOLOGIES INC	COM	502413107	78,147	450,000	SH		OTR		0	450,000	0
L3 TECHNOLOGIES INC	COM	502413107	17,700	101,925	SH		SOLE		101,925	0	0
LENNAR CORP	CL A	526057104	28	710	SH		SOLE		710	0	0
LINDSAY CORP	COM	535555106	2,659	27,621	SH		OTR		0	27,621	0
LINDSAY CORP	COM	535555106	3,201	33,255	SH		SOLE		14,555	0	18,700
LITHIA MTRS INC	CL A	536797103	16,395	214,786	SH		OTR		0	214,786	0
LITHIA MTRS INC	CL A	536797103	19,707	258,179	SH		SOLE		113,279	0	144,900
LOUISIANA PAC CORP	COM	546347105	27,775	1,250,000	SH		OTR		0	1,250,000	0
LOUISIANA PAC CORP	COM	546347105	6,285	282,850	SH		SOLE		282,850	0	0
MARATHON PETE CORP	COM	56585A102	98,620	1,671,242	SH		OTR		0	1,596,937	74,305
MARATHON PETE CORP	COM	56585A102	53,665	909,414	SH		SOLE		909,414	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	49,842	290,000	SH		OTR		0	290,000	0
MARTIN MARIETTA MATLS INC	COM	573284106	11,275	65,600	SH		SOLE		65,600	0	0
MASCO CORP	COM	574599106	26,755	915,000	SH		OTR		0	915,000	0
MASCO CORP	COM	574599106	6,070	207,600	SH		SOLE		207,600	0	0
MATSON INC	COM	57686G105	2,224	69,448	SH		OTR		0	69,448	0
MATSON INC	COM	57686G105	2,685	83,841	SH		SOLE		36,641	0	47,200
MATTHEWS INTL CORP	CL A	577128101	3,989	98,214	SH		OTR		0	98,214	0
MATTHEWS INTL CORP	CL A	577128101	4,845	119,279	SH		SOLE		52,159	0	67,120
MEDICAL PPTYS TRUST INC	COM	58463J304	39,192	2,400,000	SH		OTR		0	2,400,000	0
MEDICAL PPTYS TRUST INC	COM	58463J304	8,687	531,950	SH		SOLE		531,950	0	0
MEREDITH CORP	COM	589433101	80,966	1,558,845	SH		OTR		0	1,558,845	0
MEREDITH CORP	COM	589433101	58,555	1,127,350	SH		SOLE		595,100	0	532,250
MGM RESORTS INTERNATIONAL	COM	552953101	30,932	1,275,000	SH		OTR		0	1,275,000	0
MGM RESORTS INTERNATIONAL	COM	552953101	7,048	290,500	SH		SOLE		290,500	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	37,737	524,706	SH		OTR		0	480,235	44,471
MICROCHIP TECHNOLOGY INC	COM	595017104	31,293	435,113	SH		SOLE		435,113	0	0
MICROSOFT CORP	COM	594918104	39,581	389,691	SH		OTR		0	356,375	33,316
MICROSOFT CORP	COM	594918104	33,338	328,224	SH		SOLE		328,224	0	0
MID AMER APT CMNTYS INC	COM	59522J103	17,763	185,608	SH		OTR		0	169,705	15,903
MID AMER APT CMNTYS INC	COM	59522J103	14,962	156,341	SH		SOLE		156,341	0	0
MILLER HERMAN INC	COM	600544100	19,658	645,552	SH		OTR		0	645,552	0
MILLER HERMAN INC	COM	600544100	23,844	783,053	SH		SOLE		344,053	0	439,000
MONDELEZ INTL INC	CL A	609207105	17,552	435,683	SH		OTR		0	398,353	37,330
MONDELEZ INTL INC	CL A	609207105	14,786	366,996	SH		SOLE		366,996	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	689	55,534	SH		OTR		0	55,534	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	708	57,087	SH		SOLE		26,337	0	30,750
MOTOROLA SOLUTIONS INC	COM NEW	620076307	112,948	977,024	SH		OTR		0	955,886	21,138
MOTOROLA SOLUTIONS INC	COM NEW	620076307	43,000	372,026	SH		SOLE		372,026	0	0
MOVADO GROUP INC	COM	624580106	4,094	129,464	SH		OTR		0	129,464	0
MOVADO GROUP INC	COM	624580106	5,066	160,206	SH		SOLE		70,006	0	90,200
MULTI COLOR CORP	COM	625383104	3,767	107,345	SH		OTR		0	107,345	0
MULTI COLOR CORP	COM	625383104	4,531	129,121	SH		SOLE		56,521	0	72,600
NEENAH INC	COM	640079109	5,684	96,477	SH		OTR		0	96,477	0
NEENAH INC	COM	640079109	7,022	119,179	SH		SOLE		52,079	0	67,100
NEXTERA ENERGY INC	COM	65339F101	42,461	244,283	SH		OTR		0	223,352	20,931
NEXTERA ENERGY INC	COM	65339F101	35,773	205,802	SH		SOLE		205,802	0	0
NOBLE ENERGY INC	COM	655044105	31,423	1,675,000	SH		OTR		0	1,675,000	0
NOBLE ENERGY INC	COM	655044105	7,124	379,750	SH		SOLE		379,750	0	0
OUTFRONT MEDIA INC	COM	69007J106	23,584	1,301,518	SH		OTR		0	1,301,518	0
OUTFRONT MEDIA INC	COM	69007J106	28,653	1,581,281	SH		SOLE		695,015	0	886,266
PACWEST BANCORP DEL	COM	695263103	39,936	1,200,000	SH		OTR		0	1,200,000	0
PACWEST BANCORP DEL	COM	695263103	8,976	269,700	SH		SOLE		269,700	0	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	11,986	372,692	SH		OTR		0	372,692	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	14,963	465,260	SH		SOLE		203,660	0	261,600
PHYSICIANS RLTY TR	COM	71943U104	27,980	1,745,480	SH		OTR		0	1,745,480	0
PHYSICIANS RLTY TR	COM	71943U104	33,903	2,114,972	SH		SOLE		929,872	0	1,185,100
PINNACLE FINL PARTNERS INC	COM	72346Q104	67,767	1,470,000	SH		OTR		0	1,470,000	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	15,056	326,600	SH		SOLE		326,600	0	0
POWER INTEGRATIONS INC	COM	739276103	40,121	657,939	SH		OTR		0	657,939	0
POWER INTEGRATIONS INC	COM	739276103	49,435	810,678	SH		SOLE		356,078	0	454,600
PPL CORP	COM	69351T106	58,917	2,050,000	SH		OTR		0	2,050,000	0
PPL CORP	COM	69351T106	12,729	442,900	SH		SOLE		442,900	0	0
PRICESMART INC	COM	741511109	3,212	54,353	SH		OTR		0	54,353	0
PRICESMART INC	COM	741511109	4,050	68,529	SH		SOLE		30,329	0	38,200
PROGRESSIVE CORP OHIO	COM	743315103	28,657	475,000	SH		OTR		0	475,000	0
PROGRESSIVE CORP OHIO	COM	743315103	6,511	107,925	SH		SOLE		107,925	0	0
RESIDEO TECHNOLOGIES INC	COM	76118Y104	1,593	77,499	SH		OTR		0	77,499	0
RESIDEO TECHNOLOGIES INC	COM	76118Y104	1,959	95,312	SH		SOLE		41,912	0	53,400
RITCHIE BROS AUCTIONEERS	COM	767744105	11,113	339,636	SH		OTR		0	339,636	0
RITCHIE BROS AUCTIONEERS	COM	767744105	13,525	413,363	SH		SOLE		179,263	0	234,100
ROCKWELL AUTOMATION INC	COM	773903109	48,032	319,192	SH		OTR		0	306,871	12,321
ROCKWELL AUTOMATION INC	COM	773903109	24,190	160,751	SH		SOLE		160,751	0	0
SCHLUMBERGER LTD	COM	806857108	14,635	390,485	SH		OTR		0	357,121	33,364
SCHLUMBERGER LTD	COM	806857108	12,269	328,271	SH		SOLE		328,271	0	0
SCHOLASTIC CORP	COM	807066105	4,374	108,645	SH		OTR		0	108,645	0
SCHOLASTIC CORP	COM	807066105	5,427	134,802	SH		SOLE		59,812	0	74,990
SEMPRA ENERGY	COM	816851109	61,088	560,000	SH		OTR		0	560,000	0
SEMPRA ENERGY	COM	816851109	13,878	127,225	SH		SOLE		127,225	0	0
SENSIENT TECHNOLOGIES CORP	COM	81725T100	6,210	111,182	SH		OTR		0	111,182	0
SENSIENT TECHNOLOGIES CORP	COM	81725T100	7,670	137,336	SH		SOLE		60,036	0	77,300
SIMPSON MANUFACTURING CO INC	COM	829073105	6,049	111,749	SH		OTR		0	111,749	0
SIMPSON MANUFACTURING CO INC	COM	829073105	7,612	140,622	SH		SOLE		61,922	0	78,700
SM ENERGY CO	COM	78454L100	6,229	402,373	SH		OTR		0	402,373	0
SM ENERGY CO	COM	78454L100	7,542	487,217	SH		SOLE		214,017	0	273,200
SMITH A O	COM	831865209	55,347	1,296,179	SH		OTR		0	1,249,482	46,697
SMITH A O	COM	831865209	26,892	629,779	SH		SOLE		629,779	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	3,437	248,392	SH		OTR		0	248,392	0
SONIC AUTOMOTIVE INC	CL A	83545G102	4,313	311,739	SH		SOLE		136,949	0	174,790
STANDARD MTR PRODS INC	COM	853666105	3,328	68,709	SH		OTR		0	68,709	0
STANDARD MTR PRODS INC	COM	853666105	4,179	86,292	SH		SOLE		37,892	0	48,400
STANDEX INTL CORP	COM	854231107	968	14,406	SH		OTR		0	14,406	0
STANDEX INTL CORP	COM	854231107	1,117	16,627	SH		SOLE		7,127	0	9,500
STANLEY BLACK & DECKER INC	COM	854502101	84,337	704,335	SH		OTR		0	677,966	26,369
STANLEY BLACK & DECKER INC	COM	854502101	41,439	346,071	SH		SOLE		346,071	0	0
SUN HYDRAULICS CORP	COM	866942105	3,823	115,189	SH		OTR		0	115,189	0
SUN HYDRAULICS CORP	COM	866942105	4,781	144,056	SH		SOLE		63,446	0	80,610
TANGER FACTORY OUTLET CTRS I	COM	875465106	23,477	1,161,099	SH		OTR		0	1,161,099	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	28,069	1,388,177	SH		SOLE		610,077	0	778,100
TAUBMAN CTRS INC	COM	876664103	1,945	42,760	SH		OTR		0	42,760	0
TAUBMAN CTRS INC	COM	876664103	2,396	52,666	SH		SOLE		23,366	0	29,300
TENNANT CO	COM	880345103	3,121	59,889	SH		OTR		0	59,889	0
TENNANT CO	COM	880345103	3,839	73,670	SH		SOLE		32,011	0	41,659
TETRA TECH INC NEW	COM	88162G103	28,286	546,375	SH		OTR		0	546,375	0
TETRA TECH INC NEW	COM	88162G103	34,510	666,594	SH		SOLE		293,494	0	373,100
TEXTRON INC	COM	883203101	8	0	SH		OTR		0	0	0
TEXTRON INC	COM	883203101	2	0	SH		SOLE		0	0	0
TRUSTCO BK CORP N Y	COM	898349105	1,184	170,805	SH		OTR		0	170,805	0
TRUSTCO BK CORP N Y	COM	898349105	1,345	194,146	SH		SOLE		85,676	0	108,470
TUPPERWARE BRANDS CORP	COM	899896104	5,339	165,493	SH		OTR		0	165,493	0
TUPPERWARE BRANDS CORP	COM	899896104	6,506	201,815	SH		SOLE		88,615	0	113,200
TYSON FOODS INC	CL A	902494103	27,501	515,000	SH		OTR		0	515,000	0
TYSON FOODS INC	CL A	902494103	6,044	113,175	SH		SOLE		113,175	0	0
U S SILICA HLDGS INC	COM	90346E103	7,586	740,600	SH		OTR		0	740,600	0
U S SILICA HLDGS INC	COM	90346E103	9,375	915,423	SH		SOLE		404,823	0	510,600
UNITED TECHNOLOGIES CORP	COM	913017109	42,232	396,619	SH		OTR		0	363,203	33,416
UNITED TECHNOLOGIES CORP	COM	913017109	34,843	327,227	SH		SOLE		327,227	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	18,100	72,657	SH		OTR		0	66,432	6,225
UNITEDHEALTH GROUP INC	COM	91324P102	15,245	61,196	SH		SOLE		61,196	0	0
VALMONT INDS INC	COM	920253101	5,984	53,752	SH		OTR		0	53,752	0
VALMONT INDS INC	COM	920253101	7,312	65,685	SH		SOLE		28,685	0	37,000
VERIZON COMMUNICATIONS INC	COM	92343V104	43,143	767,395	SH		OTR		0	701,641	65,754
VERIZON COMMUNICATIONS INC	COM	92343V104	36,384	647,177	SH		SOLE		647,177	0	0
VIAD CORP	COM NEW	92552R406	4,018	80,059	SH		OTR		0	80,059	0
VIAD CORP	COM NEW	92552R406	5,004	99,703	SH		SOLE		44,383	0	55,320
VULCAN MATLS CO	COM	929160109	43,325	438,509	SH		OTR		0	401,760	36,749
VULCAN MATLS CO	COM	929160109	35,630	360,627	SH		SOLE		360,627	0	0
WABASH NATL CORP	COM	929566107	8,367	639,655	SH		OTR		0	639,655	0
WABASH NATL CORP	COM	929566107	10,364	792,368	SH		SOLE		351,068	0	441,300
WELLS FARGO CO NEW	COM	949746101	42,812	929,080	SH		OTR		0	851,239	77,841
WELLS FARGO CO NEW	COM	949746101	35,220	764,333	SH		SOLE		764,333	0	0
WERNER ENTERPRISES INC	COM	950755108	8,470	285,843	SH		OTR		0	285,843	0
WERNER ENTERPRISES INC	COM	950755108	10,329	348,627	SH		SOLE		153,227	0	195,400
WILLIAMS COS INC DEL	COM	969457100	50,715	2,300,000	SH		OTR		0	2,300,000	0
WILLIAMS COS INC DEL	COM	969457100	11,502	521,650	SH		SOLE		521,650	0	0
WILLIS TOWERS WATSON PUB LTD	SHS	G96629103	52,599	345,000	SH		OTR		0	345,000	0
WILLIS TOWERS WATSON PUB LTD	SHS	G96629103	11,713	76,825	SH		SOLE		76,825	0	0
XILINX INC	COM	983919101	48,973	575,000	SH		OTR		0	575,000	0
XILINX INC	COM	983919101	11,014	129,314	SH		SOLE		129,314	0	0
XYLEM INC	COM	98419M100	32,359	485,000	SH		OTR		0	485,000	0
XYLEM INC	COM	98419M100	7,383	110,650	SH		SOLE		110,650	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	150,780	1,450,384	SH		OTR		0	1,408,140	42,244
ZIMMER BIOMET HLDGS INC	COM	98956P102	65,476	629,819	SH		SOLE		629,819	0	0
ZIONS BANCORPORATION N A	COM	989701107	39,314	965,000	SH		OTR		0	965,000	0
ZIONS BANCORPORATION N A	COM	989701107	8,894	218,300	SH		SOLE		218,300	0	0