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	50,334	629,641	SH		OTR		0	572,676	56,965
ABBOTT LABS	COM	002824100	46,069	576,293	SH		SOLE		576,293	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	55,697	520,000	SH		OTR		0	520,000	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	14,299	133,500	SH		SOLE		133,500	0	0
AIR PRODS & CHEMS INC	COM	009158106	210	1,093	SH		SOLE		1,093	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	10,209	401,292	SH		OTR		0	401,292	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	12,213	480,080	SH		SOLE		215,409	0	264,671
ALLSTATE CORP	COM	020002101	79	0	SH		OTR		0	0	0
ALLSTATE CORP	COM	020002101	268	2,066	SH		SOLE		2,066	0	0
ALTRA INDL MOTION CORP	COM	02208R106	6,952	222,666	SH		OTR		0	222,666	0
ALTRA INDL MOTION CORP	COM	02208R106	8,348	267,426	SH		SOLE		119,626	0	147,800
AMERICAN CAMPUS CMNTYS INC	COM	024835100	57,096	1,200,000	SH		OTR		0	1,200,000	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	14,540	305,600	SH		SOLE		305,600	0	0
AMERICAN EAGLE OUTFITTERS IN	COM	02553E106	18,549	836,690	SH		OTR		0	836,690	0
AMERICAN EAGLE OUTFITTERS IN	COM	02553E106	22,863	1,031,265	SH		SOLE		459,865	0	571,400
AMERICAN ELEC PWR CO INC	COM	025537101	41,875	500,000	SH		OTR		0	500,000	0
AMERICAN ELEC PWR CO INC	COM	025537101	10,733	128,150	SH		SOLE		128,150	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	59,202	2,600,000	SH		OTR		0	2,600,000	0
AMERICAN HOMES 4 RENT	CL A	02665T306	15,208	667,900	SH		SOLE		667,900	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	106,873	2,481,966	SH		OTR		0	2,389,056	92,910
AMERICAN INTL GROUP INC	COM NEW	026874784	57,344	1,331,713	SH		SOLE		1,331,713	0	0
AMERIPRISE FINL INC	COM	03076C106	54,443	425,000	SH		OTR		0	425,000	0
AMERIPRISE FINL INC	COM	03076C106	13,950	108,900	SH		SOLE		108,900	0	0
AMERISAFE INC	COM	03071H100	5,257	88,500	SH		OTR		0	88,500	0
AMERISAFE INC	COM	03071H100	6,439	108,403	SH		SOLE		48,003	0	60,400
AMERISOURCEBERGEN CORP	COM	03073E105	111,158	1,397,857	SH		OTR		0	1,346,842	51,015
AMERISOURCEBERGEN CORP	COM	03073E105	58,629	737,285	SH		SOLE		737,285	0	0
ANALOG DEVICES INC	COM	032654105	14,568	138,390	SH		OTR		0	125,720	12,670
ANALOG DEVICES INC	COM	032654105	13,743	130,546	SH		SOLE		130,546	0	0
APOGEE ENTERPRISES INC	COM	037598109	16,280	434,253	SH		OTR		0	434,253	0
APOGEE ENTERPRISES INC	COM	037598109	19,624	523,458	SH		SOLE		234,758	0	288,700
ARTISAN PARTNERS ASSET MGMT	CL A	04316A108	2,411	95,797	SH		OTR		0	95,797	0
ARTISAN PARTNERS ASSET MGMT	CL A	04316A108	2,783	110,557	SH		SOLE		49,857	0	60,700
AVX CORP NEW	COM	002444107	4,394	253,415	SH		OTR		0	253,415	0
AVX CORP NEW	COM	002444107	5,391	310,915	SH		SOLE		138,115	0	172,800
B & G FOODS INC NEW	COM	05508R106	33,445	1,343,427	SH		OTR		0	1,343,427	0
B & G FOODS INC NEW	COM	05508R106	40,345	1,620,999	SH		SOLE		722,899	0	898,100
BANK AMER CORP	COM	060505104	48,825	1,769,645	SH		OTR		0	1,609,113	160,532
BANK AMER CORP	COM	060505104	45,408	1,645,814	SH		SOLE		1,645,814	0	0
BANK HAWAII CORP	COM	062540109	16,295	206,603	SH		OTR		0	206,603	0
BANK HAWAII CORP	COM	062540109	19,699	249,765	SH		SOLE		112,085	0	137,680
BLOOMIN BRANDS INC	COM	094235108	8,751	427,906	SH		OTR		0	427,906	0
BLOOMIN BRANDS INC	COM	094235108	10,743	525,354	SH		SOLE		233,954	0	291,400
BOISE CASCADE CO DEL	COM	09739D100	7,756	289,850	SH		OTR		0	289,850	0
BOISE CASCADE CO DEL	COM	09739D100	9,454	353,272	SH		SOLE		159,272	0	194,000
BORGWARNER INC	COM	099724106	31,688	825,000	SH		OTR		0	825,000	0
BORGWARNER INC	COM	099724106	8,120	211,400	SH		SOLE		211,400	0	0
BOSTON PROPERTIES INC	COM	101121101	41,123	305,000	SH		OTR		0	305,000	0
BOSTON PROPERTIES INC	COM	101121101	10,544	78,200	SH		SOLE		78,200	0	0
BRADY CORP	CL A	104674106	2,284	49,217	SH		OTR		0	49,217	0
BRADY CORP	CL A	104674106	2,717	58,543	SH		SOLE		26,043	0	32,500
CABOT CORP	COM	127055101	35,333	848,729	SH		OTR		0	848,729	0
CABOT CORP	COM	127055101	11,370	273,128	SH		SOLE		239,628	0	33,500
CABOT MICROELECTRONICS CORP	COM	12709P103	70,212	624,777	SH		OTR		0	624,777	0
CABOT MICROELECTRONICS CORP	COM	12709P103	35,999	320,340	SH		SOLE		207,640	0	112,700
CAPITAL ONE FINL CORP	COM	14040H105	65,352	800,000	SH		OTR		0	800,000	0
CAPITAL ONE FINL CORP	COM	14040H105	16,775	205,350	SH		SOLE		205,350	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	7,442	162,313	SH		OTR		0	162,313	0
CARPENTER TECHNOLOGY CORP	COM	144285103	8,992	196,120	SH		SOLE		88,220	0	107,900
CATHAY GEN BANCORP	COM	149150104	8,016	236,400	SH		OTR		0	236,400	0
CATHAY GEN BANCORP	COM	149150104	9,811	289,326	SH		SOLE		128,526	0	160,800
CENTERPOINT ENERGY INC	COM	15189T107	33,770	1,100,000	SH		OTR		0	1,100,000	0
CENTERPOINT ENERGY INC	COM	15189T107	8,647	281,650	SH		SOLE		281,650	0	0
CHEVRON CORP NEW	COM	166764100	57,473	466,578	SH		OTR		0	423,740	42,838
CHEVRON CORP NEW	COM	166764100	54,262	440,507	SH		SOLE		440,507	0	0
CHILDRENS PL INC	COM	168905107	31,986	328,800	SH		OTR		0	328,800	0
CHILDRENS PL INC	COM	168905107	39,226	403,223	SH		SOLE		179,423	0	223,800
CIGNA CORP NEW	COM	125523100	42,460	263,957	SH		OTR		0	240,033	23,924
CIGNA CORP NEW	COM	125523100	39,514	245,644	SH		SOLE		245,644	0	0
CITIGROUP INC	COM NEW	172967424	43,979	706,834	SH		OTR		0	643,092	63,742
CITIGROUP INC	COM NEW	172967424	40,658	653,463	SH		SOLE		653,463	0	0
COHEN & STEERS INC	COM	19247A100	10,617	251,175	SH		OTR		0	251,175	0
COHEN & STEERS INC	COM	19247A100	12,795	302,691	SH		SOLE		135,792	0	166,899
COHU INC	COM	192576106	4,499	303,977	SH		OTR		0	303,977	0
COHU INC	COM	192576106	5,516	372,645	SH		SOLE		165,645	0	207,000
COLGATE PALMOLIVE CO	COM	194162103	15,756	229,874	SH		OTR		0	209,017	20,857
COLGATE PALMOLIVE CO	COM	194162103	14,754	215,254	SH		SOLE		215,254	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	1,534	44,653	SH		OTR		0	44,653	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	1,859	54,105	SH		SOLE		24,205	0	29,900
COMMERCIAL METALS CO	COM	201723103	6,266	366,865	SH		OTR		0	366,865	0
COMMERCIAL METALS CO	COM	201723103	7,683	449,823	SH		SOLE		201,023	0	248,800
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	7,523	323,995	SH		OTR		0	323,995	0
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	9,222	397,171	SH		SOLE		176,571	0	220,600
CONAGRA BRANDS INC	COM	205887102	33,288	1,200,000	SH		OTR		0	1,200,000	0
CONAGRA BRANDS INC	COM	205887102	8,432	303,950	SH		SOLE		303,950	0	0
COUSINS PPTYS INC	COM	222795106	40,572	4,200,000	SH		OTR		0	4,200,000	0
COUSINS PPTYS INC	COM	222795106	10,416	1,078,300	SH		SOLE		1,078,300	0	0
COVANTA HLDG CORP	COM	22282E102	19,028	1,083,590	SH		OTR		0	1,083,590	0
COVANTA HLDG CORP	COM	22282E102	23,062	1,313,575	SH		SOLE		591,375	0	722,200
CROWN CASTLE INTL CORP NEW	COM	22822V101	46,053	359,788	SH		OTR		0	327,178	32,610
CROWN CASTLE INTL CORP NEW	COM	22822V101	42,844	334,717	SH		SOLE		334,717	0	0
CUBIC CORP	COM	229669106	20,617	366,586	SH		OTR		0	366,586	0
CUBIC CORP	COM	229669106	25,234	448,685	SH		SOLE		199,485	0	249,200
CYPRESS SEMICONDUCTOR CORP	COM	232806109	66,127	4,400,000	SH		OTR		0	4,400,000	0
CYPRESS SEMICONDUCTOR CORP	COM	232806109	16,948	1,127,700	SH		SOLE		1,127,700	0	0
DAKTRONICS INC	COM	234264109	4,540	609,427	SH		OTR		0	609,427	0
DAKTRONICS INC	COM	234264109	5,399	724,757	SH		SOLE		324,637	0	400,120
DELTA AIR LINES INC DEL	COM NEW	247361702	45,194	875,000	SH		OTR		0	875,000	0
DELTA AIR LINES INC DEL	COM NEW	247361702	11,562	223,850	SH		SOLE		223,850	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	62,535	615,925	SH		OTR		0	602,986	12,939
DIAMONDBACK ENERGY INC	COM	25278X109	25,887	254,970	SH		SOLE		254,970	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	6,577	600,385	SH		OTR		0	600,385	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	7,848	716,488	SH		SOLE		321,188	0	395,300
DISNEY WALT CO	COM DISNEY	254687106	44,876	404,179	SH		OTR		0	367,429	36,750
DISNEY WALT CO	COM DISNEY	254687106	41,997	378,248	SH		SOLE		378,248	0	0
DOVER CORP	COM	260003108	24,857	265,000	SH		OTR		0	265,000	0
DOVER CORP	COM	260003108	6,308	67,250	SH		SOLE		67,250	0	0
DOWDUPONT INC	COM	26078J100	59,591	1,117,827	SH		OTR		0	1,016,268	101,559
DOWDUPONT INC	COM	26078J100	54,749	1,027,000	SH		SOLE		1,027,000	0	0
EMERALD EXPOSITIONS EVENTS I	COM	29103B100	7,072	556,849	SH		OTR		0	556,849	0
EMERALD EXPOSITIONS EVENTS I	COM	29103B100	8,666	682,351	SH		SOLE		303,451	0	378,900
EMERSON ELEC CO	COM	291011104	22,540	329,197	SH		OTR		0	299,258	29,939
EMERSON ELEC CO	COM	291011104	20,702	302,353	SH		SOLE		302,353	0	0
ENERGIZER HLDGS INC NEW	COM	29272W109	115,694	2,574,989	SH		OTR		0	2,574,989	0
ENERGIZER HLDGS INC NEW	COM	29272W109	66,018	1,469,354	SH		SOLE		905,654	0	563,700
ENERSYS	COM	29275Y102	8,334	127,900	SH		OTR		0	127,900	0
ENERSYS	COM	29275Y102	10,162	155,959	SH		SOLE		69,159	0	86,800
ENPRO INDS INC	COM	29355X107	7,807	121,136	SH		OTR		0	121,136	0
ENPRO INDS INC	COM	29355X107	9,384	145,601	SH		SOLE		65,001	0	80,600
EVERCORE INC	CLASS A	29977A105	26,560	291,868	SH		OTR		0	291,868	0
EVERCORE INC	CLASS A	29977A105	32,116	352,919	SH		SOLE		158,429	0	194,490
EVERGY INC	COM	30034W106	36,862	635,000	SH		OTR		0	635,000	0
EVERGY INC	COM	30034W106	9,471	163,150	SH		SOLE		163,150	0	0
FEDEX CORP	COM	31428X106	15,556	85,455	SH		OTR		0	77,682	7,773
FEDEX CORP	COM	31428X106	14,292	78,506	SH		SOLE		78,506	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	90,942	804,084	SH		OTR		0	768,444	35,640
FIDELITY NATL INFORMATION SV	COM	31620M106	53,488	472,927	SH		SOLE		472,927	0	0
FIRST HAWAIIAN INC	COM	32051X108	14,260	547,400	SH		OTR		0	547,400	0
FIRST HAWAIIAN INC	COM	32051X108	17,492	671,464	SH		SOLE		298,864	0	372,600
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	11,136	279,650	SH		OTR		0	279,650	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	13,697	343,978	SH		SOLE		153,678	0	190,300
FIRSTENERGY CORP	COM	337932107	56,590	1,360,000	SH		OTR		0	1,360,000	0
FIRSTENERGY CORP	COM	337932107	14,453	347,350	SH		SOLE		347,350	0	0
GENERAL DYNAMICS CORP	COM	369550108	22,691	134,046	SH		OTR		0	121,999	12,047
GENERAL DYNAMICS CORP	COM	369550108	20,595	121,661	SH		SOLE		121,661	0	0
GRANITE CONSTR INC	COM	387328107	10,317	238,375	SH		OTR		0	238,375	0
GRANITE CONSTR INC	COM	387328107	12,640	292,074	SH		SOLE		131,614	0	160,460
GREAT LAKES DREDGE & DOCK CO	COM	390607109	1	100	SH		SOLE		100	0	0
GREENBRIER COS INC	COM	393657101	5,847	181,417	SH		OTR		0	181,417	0
GREENBRIER COS INC	COM	393657101	7,160	222,157	SH		SOLE		100,357	0	121,800
HANOVER INS GROUP INC	COM	410867105	14,578	127,684	SH		OTR		0	127,684	0
HANOVER INS GROUP INC	COM	410867105	17,397	152,375	SH		SOLE		67,401	0	84,974
HARRIS CORP DEL	COM	413875105	14,510	90,851	SH		OTR		0	82,609	8,242
HARRIS CORP DEL	COM	413875105	13,534	84,738	SH		SOLE		84,738	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	75,030	1,500,000	SH		OTR		0	1,500,000	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	19,225	384,350	SH		SOLE		384,350	0	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	2,094	63,784	SH		OTR		0	63,784	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	2,593	78,980	SH		SOLE		35,580	0	43,400
HILL ROM HLDGS INC	COM	431475102	9,217	87,064	SH		OTR		0	87,064	0
HILL ROM HLDGS INC	COM	431475102	11,349	107,204	SH		SOLE		47,954	0	59,250
HONEYWELL INTL INC	COM	438516106	37,642	236,862	SH		OTR		0	215,368	21,494
HONEYWELL INTL INC	COM	438516106	35,077	220,719	SH		SOLE		220,719	0	0
HORACE MANN EDUCATORS CORP N	COM	440327104	8,015	227,638	SH		OTR		0	227,638	0
HORACE MANN EDUCATORS CORP N	COM	440327104	9,838	279,409	SH		SOLE		126,089	0	153,320
HUBBELL INC	COM	443510607	35,394	300,000	SH		OTR		0	300,000	0
HUBBELL INC	COM	443510607	9,067	76,850	SH		SOLE		76,850	0	0
HUMANA INC	COM	444859102	180,092	675,650	SH		OTR		0	661,071	14,579
HUMANA INC	COM	444859102	75,019	281,444	SH		SOLE		281,444	0	0
INTERFACE INC	COM	458665304	4,381	285,945	SH		OTR		0	285,945	0
INTERFACE INC	COM	458665304	5,371	350,574	SH		SOLE		156,717	0	193,857
INTERPUBLIC GROUP COS INC	COM	460690100	32,566	1,550,000	SH		OTR		0	1,550,000	0
INTERPUBLIC GROUP COS INC	COM	460690100	8,400	399,800	SH		SOLE		399,800	0	0
JPMORGAN CHASE & CO	COM	46625H100	64,451	636,682	SH		OTR		0	579,361	57,321
JPMORGAN CHASE & CO	COM	46625H100	59,902	591,740	SH		SOLE		591,740	0	0
KADANT INC	COM	48282T104	1,379	15,680	SH		OTR		0	15,680	0
KADANT INC	COM	48282T104	1,643	18,675	SH		SOLE		8,175	0	10,500
KELLOGG CO	COM	487836108	105,309	1,835,289	SH		OTR		0	1,762,612	72,677
KELLOGG CO	COM	487836108	58,179	1,013,930	SH		SOLE		1,013,930	0	0
KELLY SVCS INC	CL A	488152208	7,792	353,226	SH		OTR		0	353,226	0
KELLY SVCS INC	CL A	488152208	9,564	433,531	SH		SOLE		193,201	0	240,330
KEMPER CORP DEL	COM	488401100	36,925	484,957	SH		OTR		0	484,957	0
KEMPER CORP DEL	COM	488401100	45,221	593,914	SH		SOLE		264,514	0	329,400
KFORCE INC	COM	493732101	7,066	201,202	SH		OTR		0	201,202	0
KFORCE INC	COM	493732101	8,579	244,285	SH		SOLE		110,085	0	134,200
KNOLL INC	COM NEW	498904200	13,209	698,505	SH		OTR		0	698,505	0
KNOLL INC	COM NEW	498904200	15,962	844,081	SH		SOLE		378,901	0	465,180
KORN FERRY	COM NEW	500643200	9,893	220,440	SH		OTR		0	220,440	0
KORN FERRY	COM NEW	500643200	11,914	265,467	SH		SOLE		119,172	0	146,295
L3 TECHNOLOGIES INC	COM	502413107	69,134	335,000	SH		OTR		0	335,000	0
L3 TECHNOLOGIES INC	COM	502413107	17,861	86,550	SH		SOLE		86,550	0	0
LINDSAY CORP	COM	535555106	2,651	27,387	SH		OTR		0	27,387	0
LINDSAY CORP	COM	535555106	3,163	32,678	SH		SOLE		14,578	0	18,100
LITHIA MTRS INC	CL A	536797103	19,034	205,222	SH		OTR		0	205,222	0
LITHIA MTRS INC	CL A	536797103	23,386	252,142	SH		SOLE		112,342	0	139,800
LITTELFUSE INC	COM	537008104	10,839	59,400	SH		OTR		0	59,400	0
LITTELFUSE INC	COM	537008104	13,200	72,338	SH		SOLE		31,938	0	40,400
LOUISIANA PAC CORP	COM	546347105	36,570	1,500,000	SH		OTR		0	1,500,000	0
LOUISIANA PAC CORP	COM	546347105	9,335	382,900	SH		SOLE		382,900	0	0
MARATHON PETE CORP	COM	56585A102	133,947	2,238,051	SH		OTR		0	2,150,548	87,503
MARATHON PETE CORP	COM	56585A102	73,545	1,228,817	SH		SOLE		1,228,817	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	56,330	280,000	SH		OTR		0	280,000	0
MARTIN MARIETTA MATLS INC	COM	573284106	14,415	71,650	SH		SOLE		71,650	0	0
MASCO CORP	COM	574599106	11,793	300,000	SH		OTR		0	300,000	0
MASCO CORP	COM	574599106	2,950	75,050	SH		SOLE		75,050	0	0
MATSON INC	COM	57686G105	2,489	68,962	SH		OTR		0	68,962	0
MATSON INC	COM	57686G105	2,974	82,398	SH		SOLE		36,698	0	45,700
MATTHEWS INTL CORP	CL A	577128101	3,602	97,493	SH		OTR		0	97,493	0
MATTHEWS INTL CORP	CL A	577128101	4,329	117,152	SH		SOLE		52,232	0	64,920
MEDICAL PPTYS TRUST INC	COM	58463J304	37,520	2,000,000	SH		OTR		0	2,000,000	0
MEDICAL PPTYS TRUST INC	COM	58463J304	9,969	531,400	SH		SOLE		531,400	0	0
MEREDITH CORP	COM	589433101	51,873	938,703	SH		OTR		0	938,703	0
MEREDITH CORP	COM	589433101	20,285	367,075	SH		SOLE		275,525	0	91,550
MGM RESORTS INTERNATIONAL	COM	552953101	31,818	1,240,000	SH		OTR		0	1,240,000	0
MGM RESORTS INTERNATIONAL	COM	552953101	8,278	322,600	SH		SOLE		322,600	0	0
MICROSOFT CORP	COM	594918104	53,025	449,589	SH		OTR		0	408,790	40,799
MICROSOFT CORP	COM	594918104	49,389	418,766	SH		SOLE		418,766	0	0
MID AMER APT CMNTYS INC	COM	59522J103	36,975	338,197	SH		OTR		0	307,489	30,708
MID AMER APT CMNTYS INC	COM	59522J103	34,435	314,964	SH		SOLE		314,964	0	0
MILLER HERMAN INC	COM	600544100	20,688	584,760	SH		OTR		0	584,760	0
MILLER HERMAN INC	COM	600544100	25,373	717,170	SH		SOLE		320,170	0	397,000
MKS INSTRUMENT INC	COM	55306N104	12,608	135,500	SH		OTR		0	135,500	0
MKS INSTRUMENT INC	COM	55306N104	15,507	166,650	SH		SOLE		73,950	0	92,700
MONDELEZ INTL INC	CL A	609207105	206	4,110	SH		SOLE		4,110	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	727	55,162	SH		OTR		0	55,162	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	739	56,036	SH		SOLE		26,386	0	29,650
MONOLITHIC PWR SYS INC	COM	609839105	10,803	79,500	SH		OTR		0	79,500	0
MONOLITHIC PWR SYS INC	COM	609839105	13,169	96,912	SH		SOLE		42,812	0	54,100
MOTOROLA SOLUTIONS INC	COM NEW	620076307	76,798	544,723	SH		OTR		0	530,837	13,886
MOTOROLA SOLUTIONS INC	COM NEW	620076307	34,283	243,165	SH		SOLE		243,165	0	0
MOVADO GROUP INC	COM	624580106	4,620	127,006	SH		OTR		0	127,006	0
MOVADO GROUP INC	COM	624580106	5,730	157,504	SH		SOLE		70,304	0	87,200
NEENAH INC	COM	640079109	8,763	136,159	SH		OTR		0	136,159	0
NEENAH INC	COM	640079109	10,723	166,611	SH		SOLE		73,911	0	92,700
NEXTERA ENERGY INC	COM	65339F101	42,479	219,734	SH		OTR		0	199,512	20,222
NEXTERA ENERGY INC	COM	65339F101	40,204	207,968	SH		SOLE		207,968	0	0
NOBLE ENERGY INC	COM	655044105	48,718	1,970,000	SH		OTR		0	1,970,000	0
NOBLE ENERGY INC	COM	655044105	12,465	504,050	SH		SOLE		504,050	0	0
OMNICOM GROUP INC	COM	681919106	86,940	1,185,650	SH		OTR		0	1,136,584	49,066
OMNICOM GROUP INC	COM	681919106	49,035	670,409	SH		SOLE		670,409	0	0
OUTFRONT MEDIA INC	COM	69007J106	30,245	1,292,514	SH		OTR		0	1,292,514	0
OUTFRONT MEDIA INC	COM	69007J106	36,343	1,553,134	SH		SOLE		695,968	0	857,166
PACWEST BANCORP DEL	COM	695263103	60,176	1,600,000	SH		OTR		0	1,600,000	0
PACWEST BANCORP DEL	COM	695263103	15,373	408,750	SH		SOLE		408,750	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	13,194	295,500	SH		OTR		0	295,500	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	16,166	362,056	SH		SOLE		161,056	0	201,000
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	13,106	397,138	SH		OTR		0	397,138	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	16,154	489,508	SH		SOLE		217,708	0	271,800
PHYSICIANS RLTY TR	COM	71943U104	31,711	1,685,836	SH		OTR		0	1,685,836	0
PHYSICIANS RLTY TR	COM	71943U104	38,962	2,071,352	SH		SOLE		921,752	0	1,149,600
PINNACLE FINL PARTNERS INC	COM	72346Q104	73,845	1,350,000	SH		OTR		0	1,350,000	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	18,716	342,150	SH		SOLE		342,150	0	0
POWER INTEGRATIONS INC	COM	739276103	42,980	614,532	SH		OTR		0	614,532	0
POWER INTEGRATIONS INC	COM	739276103	53,077	758,897	SH		SOLE		338,297	0	420,600
PPL CORP	COM	69351T106	21,785	675,000	SH		OTR		0	675,000	0
PPL CORP	COM	69351T106	5,522	170,950	SH		SOLE		170,950	0	0
PRICESMART INC	COM	741511109	2,555	43,387	SH		OTR		0	43,387	0
PRICESMART INC	COM	741511109	3,167	53,779	SH		SOLE		24,179	0	29,600
PROGRESSIVE CORP OHIO	COM	743315103	40,370	560,000	SH		OTR		0	560,000	0
PROGRESSIVE CORP OHIO	COM	743315103	10,392	144,150	SH		SOLE		144,150	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	98,254	1,653,826	SH		OTR		0	1,598,032	55,794
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	49,712	836,763	SH		SOLE		836,763	0	0
RITCHIE BROS AUCTIONEERS	COM	767744105	11,469	337,320	SH		OTR		0	337,320	0
RITCHIE BROS AUCTIONEERS	COM	767744105	13,800	405,884	SH		SOLE		179,484	0	226,400
SCHLUMBERGER LTD	COM	806857108	14,582	330,889	SH		OTR		0	301,262	29,627
SCHLUMBERGER LTD	COM	806857108	13,216	299,913	SH		SOLE		299,913	0	0
SCHOLASTIC CORP	COM	807066105	4,291	107,912	SH		OTR		0	107,912	0
SCHOLASTIC CORP	COM	807066105	5,268	132,488	SH		SOLE		59,898	0	72,590
SEMPRA ENERGY	COM	816851109	44,390	350,000	SH		OTR		0	350,000	0
SEMPRA ENERGY	COM	816851109	11,319	89,250	SH		SOLE		89,250	0	0
SENSIENT TECHNOLOGIES CORP	COM	81725T100	7,487	110,446	SH		OTR		0	110,446	0
SENSIENT TECHNOLOGIES CORP	COM	81725T100	9,146	134,922	SH		SOLE		60,122	0	74,800
SIMPSON MANUFACTURING CO INC	COM	829073105	3,421	57,713	SH		OTR		0	57,713	0
SIMPSON MANUFACTURING CO INC	COM	829073105	4,224	71,267	SH		SOLE		31,867	0	39,400
SM ENERGY CO	COM	78454L100	6,989	399,579	SH		OTR		0	399,579	0
SM ENERGY CO	COM	78454L100	8,369	478,519	SH		SOLE		214,319	0	264,200
SMITH A O CORP	COM	831865209	82,014	1,538,149	SH		OTR		0	1,475,188	62,961
SMITH A O CORP	COM	831865209	45,927	861,355	SH		SOLE		861,355	0	0
STANDARD MTR PRODS INC	COM	853666105	3,851	78,425	SH		OTR		0	78,425	0
STANDARD MTR PRODS INC	COM	853666105	4,686	95,441	SH		SOLE		42,241	0	53,200
STANLEY BLACK & DECKER INC	COM	854502101	14,979	110,000	SH		OTR		0	110,000	0
STANLEY BLACK & DECKER INC	COM	854502101	3,813	28,000	SH		SOLE		28,000	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	24,191	1,153,065	SH		OTR		0	1,153,065	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	28,605	1,363,435	SH		SOLE		610,935	0	752,500
TAPESTRY INC	COM	876030107	47,383	1,440,348	SH		OTR		0	1,400,011	40,337
TAPESTRY INC	COM	876030107	22,018	668,512	SH		SOLE		668,512	0	0
TAUBMAN CTRS INC	COM	876664103	2,248	42,507	SH		OTR		0	42,507	0
TAUBMAN CTRS INC	COM	876664103	2,734	51,697	SH		SOLE		23,397	0	28,300
TENNANT CO	COM	880345103	3,695	59,516	SH		OTR		0	59,516	0
TENNANT CO	COM	880345103	4,490	72,318	SH		SOLE		32,059	0	40,259
TETRA TECH INC NEW	COM	88162G103	13,771	231,103	SH		OTR		0	231,103	0
TETRA TECH INC NEW	COM	88162G103	16,938	284,235	SH		SOLE		126,835	0	157,400
TRUSTCO BK CORP N Y	COM	898349105	1,328	169,591	SH		OTR		0	169,591	0
TRUSTCO BK CORP N Y	COM	898349105	1,493	190,670	SH		SOLE		85,800	0	104,870
TUPPERWARE BRANDS CORP	COM	899896104	783	30,289	SH		OTR		0	30,289	0
TUPPERWARE BRANDS CORP	COM	899896104	979	37,881	SH		SOLE		17,181	0	20,700
U S SILICA HLDGS INC	COM	90346E103	11,493	659,391	SH		OTR		0	659,391	0
U S SILICA HLDGS INC	COM	90346E103	14,204	815,009	SH		SOLE		364,309	0	450,700
UNITED TECHNOLOGIES CORP	COM	913017109	22,632	175,589	SH		OTR		0	159,515	16,074
UNITED TECHNOLOGIES CORP	COM	913017109	20,951	162,551	SH		SOLE		162,551	0	0
VALMONT INDS INC	COM	920253101	6,966	53,386	SH		OTR		0	53,386	0
VALMONT INDS INC	COM	920253101	8,420	64,532	SH		SOLE		28,732	0	35,800
VERIZON COMMUNICATIONS INC	COM	92343V104	63,794	1,078,877	SH		OTR		0	980,759	98,118
VERIZON COMMUNICATIONS INC	COM	92343V104	59,691	1,009,490	SH		SOLE		1,009,490	0	0
VULCAN MATLS CO	COM	929160109	14,517	122,608	SH		OTR		0	111,372	11,236
VULCAN MATLS CO	COM	929160109	13,702	115,728	SH		SOLE		115,728	0	0
WABASH NATL CORP	COM	929566107	8,608	635,270	SH		OTR		0	635,270	0
WABASH NATL CORP	COM	929566107	10,589	781,475	SH		SOLE		351,975	0	429,500
WELLS FARGO CO NEW	COM	949746101	57,485	1,189,665	SH		OTR		0	1,080,438	109,227
WELLS FARGO CO NEW	COM	949746101	54,295	1,123,663	SH		SOLE		1,123,663	0	0
WERNER ENTERPRISES INC	COM	950755108	9,388	274,891	SH		OTR		0	274,891	0
WERNER ENTERPRISES INC	COM	950755108	11,490	336,444	SH		SOLE		149,444	0	187,000
WESTERN DIGITAL CORP	COM	958102105	46,132	950,000	SH		OTR		0	950,000	0
WESTERN DIGITAL CORP	COM	958102105	11,839	243,800	SH		SOLE		243,800	0	0
WILEY JOHN & SONS INC	CL A	968223206	5,311	120,100	SH		OTR		0	120,100	0
WILEY JOHN & SONS INC	CL A	968223206	6,490	146,768	SH		SOLE		65,168	0	81,600
WILLIAMS COS INC DEL	COM	969457100	61,317	2,135,000	SH		OTR		0	2,135,000	0
WILLIAMS COS INC DEL	COM	969457100	15,685	546,150	SH		SOLE		546,150	0	0
WILLIS TOWERS WATSON PUB LTD	SHS	G96629103	38,786	220,000	SH		OTR		0	220,000	0
WILLIS TOWERS WATSON PUB LTD	SHS	G96629103	9,943	56,400	SH		SOLE		56,400	0	0
XILINX INC	COM	983919101	31	243	SH		SOLE		243	0	0
XYLEM INC	COM	98419M100	47,424	600,000	SH		OTR		0	600,000	0
XYLEM INC	COM	98419M100	12,121	153,350	SH		SOLE		153,350	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	181,833	1,421,260	SH		OTR		0	1,385,229	36,031
ZIMMER BIOMET HLDGS INC	COM	98956P102	81,268	635,204	SH		SOLE		635,204	0	0
ZIONS BANCORPORATION N A	COM	989701107	57,444	1,265,000	SH		OTR		0	1,265,000	0
ZIONS BANCORPORATION N A	COM	989701107	14,774	325,350	SH		SOLE		325,350	0	0