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
AAR CORP	COM	000361105	10,488	225,592	SH		OTR		0	225,592	0
AAR CORP	COM	000361105	13,025	280,169	SH		SOLE		120,009	0	160,160
ABBOTT LABS	COM	002824100	57,964	950,387	SH		OTR		0	900,822	49,565
ABBOTT LABS	COM	002824100	41,574	681,648	SH		SOLE		681,648	0	0
ABM INDS INC	COM	000957100	426	14,611	SH		OTR		0	14,611	0
ABM INDS INC	COM	000957100	531	18,184	SH		SOLE		8,006	0	10,178
AFFILIATED MANAGERS GROUP	COM	008252108	49,804	335,000	SH		OTR		0	335,000	0
AFFILIATED MANAGERS GROUP	COM	008252108	10,827	72,825	SH		SOLE		72,825	0	0
AIR PRODS & CHEMS INC	COM	009158106	82,030	523,055	SH		OTR		0	508,601	14,454
AIR PRODS & CHEMS INC	COM	009158106	39,887	254,332	SH		SOLE		254,332	0	0
ALASKA AIR GROUP INC	COM	011659109	44,085	730,000	SH		OTR		0	730,000	0
ALASKA AIR GROUP INC	COM	011659109	9,671	160,150	SH		SOLE		160,150	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	10,134	431,215	SH		OTR		0	431,215	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	12,526	533,014	SH		SOLE		228,619	0	304,395
ALLETE INC	COM NEW	018522300	625	8,073	SH		OTR		0	8,073	0
ALLETE INC	COM NEW	018522300	785	10,135	SH		SOLE		4,555	0	5,580
ALLSTATE CORP	COM	020002101	26,468	289,005	SH		OTR		0	273,691	15,314
ALLSTATE CORP	COM	020002101	19,344	211,248	SH		SOLE		211,248	0	0
AMC ENTMT HLDGS INC	CL A COM	00165C104	16,273	1,023,458	SH		OTR		0	1,023,458	0
AMC ENTMT HLDGS INC	CL A COM	00165C104	19,260	1,211,331	SH		SOLE		522,791	0	688,540
AMERICAN CAMPUS CMNTYS INC	COM	024835100	58,531	1,365,000	SH		OTR		0	1,365,000	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	12,667	295,400	SH		SOLE		295,400	0	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	29,026	1,248,445	SH		OTR		0	1,248,445	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	36,220	1,557,857	SH		SOLE		667,857	0	890,000
AMERICAN HOMES 4 RENT	CL A	02665T306	74,476	3,350,000	SH		OTR		0	3,350,000	0
AMERICAN HOMES 4 RENT	CL A	02665T306	16,146	726,300	SH		SOLE		726,300	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	35,318	666,124	SH		OTR		0	630,831	35,293
AMERICAN INTL GROUP INC	COM NEW	026874784	25,726	485,207	SH		SOLE		485,207	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	122,083	1,431,723	SH		OTR		0	1,412,222	19,501
AMERISOURCEBERGEN CORP	COM	03073E105	42,622	499,847	SH		SOLE		499,847	0	0
ANADARKO PETE CORP	COM	032511107	42,119	575,000	SH		OTR		0	575,000	0
ANADARKO PETE CORP	COM	032511107	9,098	124,200	SH		SOLE		124,200	0	0
ANALOG DEVICES INC	COM	032654105	67,355	702,196	SH		OTR		0	687,373	14,823
ANALOG DEVICES INC	COM	032654105	28,247	294,485	SH		SOLE		294,485	0	0
ANDEAVOR	COM	03349M105	48,537	370,000	SH		OTR		0	370,000	0
ANDEAVOR	COM	03349M105	10,544	80,375	SH		SOLE		80,375	0	0
ANDERSONS INC	COM	034164103	6,595	191,900	SH		OTR		0	191,900	0
ANDERSONS INC	COM	034164103	8,225	239,358	SH		SOLE		102,500	0	136,858
APOGEE ENTERPRISES INC	COM	037598109	20,195	419,235	SH		OTR		0	419,235	0
APOGEE ENTERPRISES INC	COM	037598109	24,998	518,958	SH		SOLE		221,958	0	297,000
APPLE INC	COM	037833100	27,111	146,458	SH		OTR		0	138,815	7,643
APPLE INC	COM	037833100	19,460	105,129	SH		SOLE		105,129	0	0
ARTISAN PARTNERS ASSET MGMT	CL A	04316A108	3,110	103,153	SH		OTR		0	103,153	0
ARTISAN PARTNERS ASSET MGMT	CL A	04316A108	3,701	122,743	SH		SOLE		52,843	0	69,900
ASTEC INDS INC	COM	046224101	2,962	49,540	SH		OTR		0	49,540	0
ASTEC INDS INC	COM	046224101	3,637	60,817	SH		SOLE		25,917	0	34,900
B & G FOODS INC NEW	COM	05508R106	43,926	1,446,027	SH		OTR		0	1,446,027	0
B & G FOODS INC NEW	COM	05508R106	54,978	1,810,300	SH		SOLE		777,100	0	1,033,200
BADGER METER INC	COM	056525108	472	10,560	SH		OTR		0	10,560	0
BADGER METER INC	COM	056525108	582	13,022	SH		SOLE		5,740	0	7,282
BANK AMER CORP	COM	060505104	48,289	1,712,995	SH		OTR		0	1,622,066	90,929
BANK AMER CORP	COM	060505104	35,373	1,254,795	SH		SOLE		1,254,795	0	0
BANK HAWAII CORP	COM	062540109	19,296	231,310	SH		OTR		0	231,310	0
BANK HAWAII CORP	COM	062540109	23,442	281,015	SH		SOLE		120,835	0	160,180
BLACKROCK INC	COM	09247X101	26,793	53,690	SH		OTR		0	50,865	2,825
BLACKROCK INC	COM	09247X101	19,649	39,373	SH		SOLE		39,373	0	0
BLOOMIN BRANDS INC	COM	094235108	8,240	409,959	SH		OTR		0	409,959	0
BLOOMIN BRANDS INC	COM	094235108	10,330	513,924	SH		SOLE		220,724	0	293,200
BP PLC	SPONSORED ADR	055622104	18,503	405,236	SH		OTR		0	384,109	21,127
BP PLC	SPONSORED ADR	055622104	13,183	288,727	SH		SOLE		288,727	0	0
BRUNSWICK CORP	COM	117043109	14,508	225,000	SH		OTR		0	225,000	0
BRUNSWICK CORP	COM	117043109	3,142	48,725	SH		SOLE		48,725	0	0
CABOT OIL & GAS CORP	COM	127097103	45,577	1,915,000	SH		OTR		0	1,915,000	0
CABOT OIL & GAS CORP	COM	127097103	9,889	415,500	SH		SOLE		415,500	0	0
CALAVO GROWERS INC	COM	128246105	9,999	103,997	SH		OTR		0	103,997	0
CALAVO GROWERS INC	COM	128246105	12,502	130,028	SH		SOLE		55,928	0	74,100
CAPITAL ONE FINL CORP	COM	14040H105	26,242	285,548	SH		OTR		0	270,537	15,011
CAPITAL ONE FINL CORP	COM	14040H105	18,953	206,230	SH		SOLE		206,230	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	9,556	181,775	SH		OTR		0	181,775	0
CARPENTER TECHNOLOGY CORP	COM	144285103	11,842	225,260	SH		SOLE		96,460	0	128,800
CHEESECAKE FACTORY INC	COM	163072101	7,358	133,631	SH		OTR		0	133,631	0
CHEESECAKE FACTORY INC	COM	163072101	9,217	167,406	SH		SOLE		71,506	0	95,900
CHEVRON CORP NEW	COM	166764100	74,031	585,551	SH		OTR		0	554,540	31,011
CHEVRON CORP NEW	COM	166764100	54,084	427,775	SH		SOLE		427,775	0	0
CHICOS FAS INC	COM	168615102	7,198	875,033	SH		OTR		0	875,033	0
CHICOS FAS INC	COM	168615102	9,014	1,096,036	SH		SOLE		470,846	0	625,190
CHUBB LIMITED	COM	H1467J104	45,966	359,804	SH		OTR		0	340,738	19,066
CHUBB LIMITED	COM	H1467J104	32,798	256,793	SH		SOLE		256,793	0	0
CINEMARK HOLDINGS INC	COM	17243V102	38,588	1,100,000	SH		OTR		0	1,100,000	0
CINEMARK HOLDINGS INC	COM	17243V102	8,524	243,000	SH		SOLE		243,000	0	0
CITIGROUP INC	COM NEW	172967424	62,145	928,650	SH		OTR		0	880,920	47,730
CITIGROUP INC	COM NEW	172967424	43,911	656,174	SH		SOLE		656,174	0	0
CMS ENERGY CORP	COM	125896100	44,916	950,000	SH		OTR		0	950,000	0
CMS ENERGY CORP	COM	125896100	9,539	201,750	SH		SOLE		201,750	0	0
COHEN & STEERS INC	COM	19247A100	11,242	269,522	SH		OTR		0	269,522	0
COHEN & STEERS INC	COM	19247A100	14,009	335,861	SH		SOLE		143,762	0	192,099
COMCAST CORP NEW	CL A	20030N101	26,298	801,509	SH		OTR		0	759,109	42,400
COMCAST CORP NEW	CL A	20030N101	19,189	584,838	SH		SOLE		584,838	0	0
COMMERCIAL METALS CO	COM	201723103	3,405	161,304	SH		OTR		0	161,304	0
COMMERCIAL METALS CO	COM	201723103	4,251	201,396	SH		SOLE		86,296	0	115,100
COOPER COS INC	COM NEW	216648402	32,963	140,000	SH		OTR		0	140,000	0
COOPER COS INC	COM NEW	216648402	7,052	29,950	SH		SOLE		29,950	0	0
COVANTA HLDG CORP	COM	22282E102	27,519	1,642,820	SH		OTR		0	1,642,820	0
COVANTA HLDG CORP	COM	22282E102	34,279	2,046,834	SH		SOLE		878,534	0	1,168,300
CROWN CASTLE INTL CORP NEW	COM	22822V101	112,150	1,040,159	SH		OTR		0	1,010,050	30,109
CROWN CASTLE INTL CORP NEW	COM	22822V101	55,255	512,479	SH		SOLE		512,479	0	0
CUBIC CORP	COM	229669106	25,079	390,633	SH		OTR		0	390,633	0
CUBIC CORP	COM	229669106	30,658	477,544	SH		SOLE		204,444	0	273,100
CYPRESS SEMICONDUCTOR CORP	COM	232806109	58,598	3,735,000	SH		OTR		0	3,735,000	0
CYPRESS SEMICONDUCTOR CORP	COM	232806109	12,773	814,200	SH		SOLE		814,200	0	0
CYRUSONE INC	COM	23283R100	184	0	SH		OTR		0	0	0
CYRUSONE INC	COM	23283R100	40	0	SH		SOLE		0	0	0
DAKTRONICS INC	COM	234264109	5,571	654,677	SH		OTR		0	654,677	0
DAKTRONICS INC	COM	234264109	6,848	804,672	SH		SOLE		344,352	0	460,320
DIAMONDROCK HOSPITALITY CO	COM	252784301	8,001	644,947	SH		OTR		0	644,947	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	9,868	795,567	SH		SOLE		340,467	0	455,100
DOVER CORP	COM	260003108	42,090	575,000	SH		OTR		0	575,000	0
DOVER CORP	COM	260003108	9,234	126,150	SH		SOLE		126,150	0	0
DOWDUPONT INC	COM	26078J100	59,086	896,328	SH		OTR		0	848,945	47,383
DOWDUPONT INC	COM	26078J100	43,081	653,538	SH		SOLE		653,538	0	0
DSW INC	CL A	23334L102	632	24,231	SH		OTR		0	24,231	0
DSW INC	CL A	23334L102	792	30,395	SH		SOLE		13,195	0	17,200
EDUCATION RLTY TR INC	COM NEW	28140H203	32,692	787,752	SH		OTR		0	787,752	0
EDUCATION RLTY TR INC	COM NEW	28140H203	40,488	975,604	SH		SOLE		417,404	0	558,200
EMCOR GROUP INC	COM	29084Q100	550	7,216	SH		OTR		0	7,216	0
EMCOR GROUP INC	COM	29084Q100	680	8,925	SH		SOLE		3,935	0	4,990
EMERSON ELEC CO	COM	291011104	50,440	729,528	SH		OTR		0	691,230	38,298
EMERSON ELEC CO	COM	291011104	36,525	528,280	SH		SOLE		528,280	0	0
ENERGIZER HLDGS INC NEW	COM	29272W109	109,056	1,732,146	SH		OTR		0	1,732,146	0
ENERGIZER HLDGS INC NEW	COM	29272W109	76,663	1,217,642	SH		SOLE		633,242	0	584,400
ENPRO INDS INC	COM	29355X107	7,392	105,678	SH		OTR		0	105,678	0
ENPRO INDS INC	COM	29355X107	9,077	129,761	SH		SOLE		55,261	0	74,500
ENTRAVISION COMMUNICATIONS C	CL A	29382R107	7,216	1,443,294	SH		OTR		0	1,443,294	0
ENTRAVISION COMMUNICATIONS C	CL A	29382R107	8,702	1,740,356	SH		SOLE		752,056	0	988,300
EVERCORE INC	CLASS A	29977A105	33,927	321,739	SH		OTR		0	321,739	0
EVERCORE INC	CLASS A	29977A105	42,131	399,532	SH		SOLE		171,342	0	228,190
EVEREST RE GROUP LTD	COM	G3223R108	35,724	155,000	SH		OTR		0	155,000	0
EVEREST RE GROUP LTD	COM	G3223R108	7,854	34,075	SH		SOLE		34,075	0	0
EVERGY INC	COM	30034W106	45,762	815,000	SH		OTR		0	815,000	0
EVERGY INC	COM	30034W106	9,916	176,600	SH		SOLE		176,600	0	0
EXXON MOBIL CORP	COM	30231G102	926	11,189	SH		SOLE		11,189	0	0
FEDERAL SIGNAL CORP	COM	313855108	1,223	52,493	SH		OTR		0	52,493	0
FEDERAL SIGNAL CORP	COM	313855108	1,500	64,388	SH		SOLE		27,288	0	37,100
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	11,833	280,410	SH		OTR		0	280,410	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	14,482	343,173	SH		SOLE		146,673	0	196,500
FIRST REP BK SAN FRANCISCO C	COM	33616C100	78,884	815,000	SH		OTR		0	815,000	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	17,219	177,900	SH		SOLE		177,900	0	0
FIRSTENERGY CORP	COM	337932107	50,274	1,400,000	SH		OTR		0	1,400,000	0
FIRSTENERGY CORP	COM	337932107	10,906	303,700	SH		SOLE		303,700	0	0
GENUINE PARTS CO	COM	372460105	35,616	385,000	SH		OTR		0	385,000	0
GENUINE PARTS CO	COM	372460105	7,699	83,225	SH		SOLE		83,225	0	0
GRANITE CONSTR INC	COM	387328107	9,374	168,023	SH		OTR		0	168,023	0
GRANITE CONSTR INC	COM	387328107	11,592	207,783	SH		SOLE		88,623	0	119,160
GREAT LAKES DREDGE & DOCK CO	COM	390607109	1	100	SH		SOLE		100	0	0
GREENBRIER COS INC	COM	393657101	10,984	208,224	SH		OTR		0	208,224	0
GREENBRIER COS INC	COM	393657101	13,395	253,933	SH		SOLE		108,633	0	145,300
HANOVER INS GROUP INC	COM	410867105	17,035	142,477	SH		OTR		0	142,477	0
HANOVER INS GROUP INC	COM	410867105	20,441	170,967	SH		SOLE		69,488	0	101,479
HARTFORD FINL SVCS GROUP INC	COM	416515104	59,083	1,150,000	SH		OTR		0	1,150,000	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	12,859	250,300	SH		SOLE		250,300	0	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	2,930	79,740	SH		OTR		0	79,740	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	3,665	99,753	SH		SOLE		42,853	0	56,900
HECLA MNG CO	COM	422704106	11,639	3,344,610	SH		OTR		0	3,344,610	0
HECLA MNG CO	COM	422704106	14,438	4,148,975	SH		SOLE		1,776,565	0	2,372,410
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	83,234	5,654,043	SH		OTR		0	5,556,653	97,390
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	32,001	2,174,173	SH		SOLE		2,174,173	0	0
HILL ROM HLDGS INC	COM	431475102	39,560	452,944	SH		OTR		0	452,944	0
HILL ROM HLDGS INC	COM	431475102	48,321	553,253	SH		SOLE		238,803	0	314,450
HONEYWELL INTL INC	COM	438516106	53,512	371,479	SH		OTR		0	352,757	18,722
HONEYWELL INTL INC	COM	438516106	37,099	257,540	SH		SOLE		257,540	0	0
HORACE MANN EDUCATORS CORP N	COM	440327104	16,921	379,402	SH		OTR		0	379,402	0
HORACE MANN EDUCATORS CORP N	COM	440327104	20,949	469,713	SH		SOLE		200,893	0	268,820
HUBBELL INC	COM	443510607	58,686	555,000	SH		OTR		0	555,000	0
HUBBELL INC	COM	443510607	12,800	121,050	SH		SOLE		121,050	0	0
HUMANA INC	COM	444859102	140,659	471,804	SH		OTR		0	468,254	3,550
HUMANA INC	COM	444859102	40,503	135,862	SH		SOLE		135,862	0	0
INGERSOLL-RAND PLC	SHS	G47791101	29,611	330,000	SH		OTR		0	330,000	0
INGERSOLL-RAND PLC	SHS	G47791101	6,364	70,925	SH		SOLE		70,925	0	0
INTER PARFUMS INC	COM	458334109	5,108	95,101	SH		OTR		0	95,101	0
INTER PARFUMS INC	COM	458334109	6,411	119,363	SH		SOLE		51,363	0	68,000
INTERFACE INC	COM	458665304	472	20,558	SH		OTR		0	20,558	0
INTERFACE INC	COM	458665304	588	25,619	SH		SOLE		11,107	0	14,512
INTERPUBLIC GROUP COS INC	COM	460690100	58,600	2,500,000	SH		OTR		0	2,500,000	0
INTERPUBLIC GROUP COS INC	COM	460690100	12,794	545,839	SH		SOLE		545,839	0	0
J & J SNACK FOODS CORP	COM	466032109	4,579	29,943	SH		OTR		0	29,943	0
J & J SNACK FOODS CORP	COM	466032109	5,743	37,548	SH		SOLE		16,348	0	21,200
JPMORGAN CHASE & CO	COM	46625H100	69,112	663,263	SH		OTR		0	628,840	34,423
JPMORGAN CHASE & CO	COM	46625H100	49,337	473,485	SH		SOLE		473,485	0	0
KELLOGG CO	COM	487836108	31,442	450,000	SH		OTR		0	450,000	0
KELLOGG CO	COM	487836108	6,868	98,300	SH		SOLE		98,300	0	0
KELLY SVCS INC	CL A	488152208	13,229	589,255	SH		OTR		0	589,255	0
KELLY SVCS INC	CL A	488152208	16,544	736,945	SH		SOLE		316,515	0	420,430
KEMPER CORP DEL	COM	488401100	40,885	540,444	SH		OTR		0	540,444	0
KEMPER CORP DEL	COM	488401100	51,135	675,939	SH		SOLE		290,039	0	385,900
KENNAMETAL INC	COM	489170100	1,876	52,246	SH		OTR		0	52,246	0
KENNAMETAL INC	COM	489170100	3,333	92,837	SH		SOLE		39,737	0	53,100
KFORCE INC	COM	493732101	14,744	429,866	SH		OTR		0	429,866	0
KFORCE INC	COM	493732101	18,220	531,191	SH		SOLE		227,291	0	303,900
KNOLL INC	COM NEW	498904200	15,912	764,641	SH		OTR		0	764,641	0
KNOLL INC	COM NEW	498904200	19,696	946,473	SH		SOLE		404,893	0	541,580
KORN FERRY INTL	COM NEW	500643200	14,692	236,850	SH		OTR		0	236,850	0
KORN FERRY INTL	COM NEW	500643200	18,280	294,701	SH		SOLE		126,460	0	168,241
L3 TECHNOLOGIES INC	COM	502413107	44,234	230,000	SH		OTR		0	230,000	0
L3 TECHNOLOGIES INC	COM	502413107	9,592	49,875	SH		SOLE		49,875	0	0
LITHIA MTRS INC	CL A	536797103	21,683	229,283	SH		OTR		0	229,283	0
LITHIA MTRS INC	CL A	536797103	26,617	281,449	SH		SOLE		120,249	0	161,200
MARATHON PETE CORP	COM	56585A102	54,265	773,445	SH		OTR		0	732,844	40,601
MARATHON PETE CORP	COM	56585A102	39,295	560,075	SH		SOLE		560,075	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	75,932	340,000	SH		OTR		0	340,000	0
MARTIN MARIETTA MATLS INC	COM	573284106	16,476	73,775	SH		SOLE		73,775	0	0
MATTHEWS INTL CORP	CL A	577128101	5,754	97,851	SH		OTR		0	97,851	0
MATTHEWS INTL CORP	CL A	577128101	7,049	119,874	SH		SOLE		51,254	0	68,620
MB FINANCIAL INC NEW	COM	55264U108	66,081	1,415,000	SH		OTR		0	1,415,000	0
MB FINANCIAL INC NEW	COM	55264U108	14,542	311,400	SH		SOLE		311,400	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	55,385	3,870,000	SH		OTR		0	3,870,000	0
MEDICAL PPTYS TRUST INC	COM	58463J304	11,964	836,750	SH		SOLE		836,750	0	0
MEREDITH CORP	COM	589433101	43,035	843,819	SH		OTR		0	843,819	0
MEREDITH CORP	COM	589433101	53,378	1,046,626	SH		SOLE		448,276	0	598,350
MGM RESORTS INTERNATIONAL	COM	552953101	15,241	525,000	SH		OTR		0	525,000	0
MGM RESORTS INTERNATIONAL	COM	552953101	3,308	113,950	SH		SOLE		113,950	0	0
MICROSOFT CORP	COM	594918104	44,337	449,624	SH		OTR		0	426,024	23,600
MICROSOFT CORP	COM	594918104	32,032	324,831	SH		SOLE		324,831	0	0
MID AMER APT CMNTYS INC	COM	59522J103	30	294	SH		OTR		0	294	0
MILLER HERMAN INC	COM	600544100	23,469	688,537	SH		OTR		0	688,537	0
MILLER HERMAN INC	COM	600544100	29,104	853,798	SH		SOLE		365,398	0	488,400
MONDELEZ INTL INC	CL A	609207105	39,637	961,610	SH		OTR		0	911,763	49,847
MONDELEZ INTL INC	CL A	609207105	28,273	685,897	SH		SOLE		685,897	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	984	59,515	SH		OTR		0	59,515	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	1,027	62,103	SH		SOLE		27,453	0	34,650
MOTOROLA SOLUTIONS INC	COM NEW	620076307	64,290	550,000	SH		OTR		0	550,000	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	14,009	119,850	SH		SOLE		119,850	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	522	44,577	SH		OTR		0	44,577	0
MUELLER WTR PRODS INC	COM SER A	624758108	656	55,956	SH		SOLE		24,166	0	31,790
MULTI COLOR CORP	COM	625383104	7,399	114,443	SH		OTR		0	114,443	0
MULTI COLOR CORP	COM	625383104	9,116	141,000	SH		SOLE		60,200	0	80,800
NEXTERA ENERGY INC	COM	65339F101	49,285	295,068	SH		OTR		0	279,547	15,521
NEXTERA ENERGY INC	COM	65339F101	35,574	212,982	SH		SOLE		212,982	0	0
NN INC	COM	629337106	1,235	65,330	SH		OTR		0	65,330	0
NN INC	COM	629337106	1,472	77,890	SH		SOLE		33,890	0	44,000
NOBLE ENERGY INC	COM	655044105	41,454	1,175,000	SH		OTR		0	1,175,000	0
NOBLE ENERGY INC	COM	655044105	8,818	249,950	SH		SOLE		249,950	0	0
NORFOLK SOUTHERN CORP	COM	655844108	28,273	187,399	SH		OTR		0	177,548	9,851
NORFOLK SOUTHERN CORP	COM	655844108	20,419	135,343	SH		SOLE		135,343	0	0
NORTHWESTERN CORP	COM NEW	668074305	1,167	20,393	SH		OTR		0	20,393	0
NORTHWESTERN CORP	COM NEW	668074305	1,442	25,194	SH		SOLE		10,994	0	14,200
OMNICOM GROUP INC	COM	681919106	45,947	596,267	SH		OTR		0	564,716	31,551
OMNICOM GROUP INC	COM	681919106	33,522	435,192	SH		SOLE		435,192	0	0
ORACLE CORP	COM	68389X105	43,724	992,371	SH		OTR		0	939,216	53,155
ORACLE CORP	COM	68389X105	32,317	733,470	SH		SOLE		733,470	0	0
OUTFRONT MEDIA INC	COM	69007J106	25,040	1,287,389	SH		OTR		0	1,287,389	0
OUTFRONT MEDIA INC	COM	69007J106	31,220	1,605,123	SH		SOLE		685,401	0	919,722
PAPA JOHNS INTL INC	COM	698813102	470	9,265	SH		OTR		0	9,265	0
PAPA JOHNS INTL INC	COM	698813102	596	11,756	SH		SOLE		5,256	0	6,500
PATTERSON UTI ENERGY INC	COM	703481101	30,600	1,700,000	SH		OTR		0	1,700,000	0
PATTERSON UTI ENERGY INC	COM	703481101	6,659	369,950	SH		SOLE		369,950	0	0
PERRIGO CO PLC	SHS	G97822103	72,910	1,000,000	SH		OTR		0	1,000,000	0
PERRIGO CO PLC	SHS	G97822103	15,978	219,150	SH		SOLE		219,150	0	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	22,182	481,690	SH		OTR		0	481,690	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	27,390	594,783	SH		SOLE		254,383	0	340,400
PHYSICIANS RLTY TR	COM	71943U104	29,680	1,862,006	SH		OTR		0	1,862,006	0
PHYSICIANS RLTY TR	COM	71943U104	36,768	2,306,680	SH		SOLE		987,980	0	1,318,700
PINNACLE FINL PARTNERS INC	COM	72346Q104	76,688	1,250,000	SH		OTR		0	1,250,000	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	16,245	264,800	SH		SOLE		264,800	0	0
PINNACLE FOODS INC DEL	COM	72348P104	111	0	SH		OTR		0	0	0
PINNACLE FOODS INC DEL	COM	72348P104	24	0	SH		SOLE		0	0	0
PLANTRONICS INC NEW	COM	727493108	28,004	367,272	SH		OTR		0	367,272	0
PLANTRONICS INC NEW	COM	727493108	34,563	453,288	SH		SOLE		194,071	0	259,217
PPL CORP	COM	69351T106	55,024	1,900,000	SH		OTR		0	1,900,000	0
PPL CORP	COM	69351T106	11,981	413,750	SH		SOLE		413,750	0	0
PRICESMART INC	COM	741511109	6,444	71,202	SH		OTR		0	71,202	0
PRICESMART INC	COM	741511109	7,956	87,915	SH		SOLE		37,515	0	50,400
PROCTER AND GAMBLE CO	COM	742718109	54,409	697,010	SH		OTR		0	660,094	36,916
PROCTER AND GAMBLE CO	COM	742718109	40,004	512,480	SH		SOLE		512,480	0	0
PROGRESSIVE CORP OHIO	COM	743315103	42,292	715,000	SH		OTR		0	715,000	0
PROGRESSIVE CORP OHIO	COM	743315103	9,346	158,000	SH		SOLE		158,000	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	68,958	3,599,083	SH		OTR		0	3,599,083	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	26,016	1,357,820	SH		SOLE		953,056	0	404,764
RITCHIE BROS AUCTIONEERS	COM	767744105	13,380	392,133	SH		OTR		0	392,133	0
RITCHIE BROS AUCTIONEERS	COM	767744105	16,253	476,346	SH		SOLE		204,146	0	272,200
ROCKWELL AUTOMATION INC	COM	773903109	34,908	210,000	SH		OTR		0	210,000	0
ROCKWELL AUTOMATION INC	COM	773903109	7,680	46,200	SH		SOLE		46,200	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	18,275	251,546	SH		OTR		0	238,431	13,115
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	13,021	179,231	SH		SOLE		179,231	0	0
RUTHS HOSPITALITY GROUP INC	COM	783332109	3,104	110,657	SH		OTR		0	110,657	0
RUTHS HOSPITALITY GROUP INC	COM	783332109	3,840	136,893	SH		SOLE		58,423	0	78,470
SCHLUMBERGER LTD	COM	806857108	55,016	814,705	SH		OTR		0	771,482	43,223
SCHLUMBERGER LTD	COM	806857108	39,270	581,777	SH		SOLE		581,777	0	0
SCHNEIDER NATIONAL INC	CL B	80689H102	46,868	1,700,000	SH		OTR		0	1,700,000	0
SCHNEIDER NATIONAL INC	CL B	80689H102	10,272	372,600	SH		SOLE		372,600	0	0
SCHOLASTIC CORP	COM	807066105	7,411	167,248	SH		OTR		0	167,248	0
SCHOLASTIC CORP	COM	807066105	8,592	193,896	SH		SOLE		83,706	0	110,190
SEALED AIR CORP NEW	COM	81211K100	43,511	1,025,000	SH		OTR		0	1,025,000	0
SEALED AIR CORP NEW	COM	81211K100	9,437	222,300	SH		SOLE		222,300	0	0
SEMPRA ENERGY	COM	816851109	58,503	500,000	SH		OTR		0	500,000	0
SEMPRA ENERGY	COM	816851109	12,581	107,525	SH		SOLE		107,525	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	30,560	179,565	SH		OTR		0	170,176	9,389
SIMON PPTY GROUP INC NEW	COM	828806109	21,984	129,176	SH		SOLE		129,176	0	0
SIMPSON MANUFACTURING CO INC	COM	829073105	11,030	177,366	SH		OTR		0	177,366	0
SIMPSON MANUFACTURING CO INC	COM	829073105	13,667	219,756	SH		SOLE		93,756	0	126,000
SM ENERGY CO	COM	78454L100	11,031	429,383	SH		OTR		0	429,383	0
SM ENERGY CO	COM	78454L100	13,652	531,396	SH		SOLE		227,396	0	304,000
SONIC AUTOMOTIVE INC	CL A	83545G102	18,832	911,487	SH		OTR		0	911,487	0
SONIC AUTOMOTIVE INC	CL A	83545G102	22,821	1,104,468	SH		SOLE		472,378	0	632,090
SONIC CORP	COM	835451105	707	20,546	SH		OTR		0	20,546	0
SONIC CORP	COM	835451105	888	25,800	SH		SOLE		11,157	0	14,643
SOUTHWEST AIRLS CO	COM	844741108	27,790	546,193	SH		OTR		0	517,449	28,744
SOUTHWEST AIRLS CO	COM	844741108	20,092	394,894	SH		SOLE		394,894	0	0
STANDARD MTR PRODS INC	COM	853666105	3,328	68,849	SH		OTR		0	68,849	0
STANDARD MTR PRODS INC	COM	853666105	4,047	83,729	SH		SOLE		35,729	0	48,000
STANLEY BLACK & DECKER INC	COM	854502101	92,808	698,804	SH		OTR		0	685,334	13,470
STANLEY BLACK & DECKER INC	COM	854502101	37,355	281,270	SH		SOLE		281,270	0	0
SUN HYDRAULICS CORP	COM	866942105	7,779	161,431	SH		OTR		0	161,431	0
SUN HYDRAULICS CORP	COM	866942105	9,635	199,929	SH		SOLE		85,419	0	114,510
TANGER FACTORY OUTLET CTRS I	COM	875465106	29,106	1,239,076	SH		OTR		0	1,239,076	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	35,561	1,513,899	SH		SOLE		648,199	0	865,700
TAUBMAN CTRS INC	COM	876664103	13,194	224,537	SH		OTR		0	224,537	0
TAUBMAN CTRS INC	COM	876664103	16,398	279,062	SH		SOLE		119,562	0	159,500
TENNANT CO	COM	880345103	3,988	50,475	SH		OTR		0	50,475	0
TENNANT CO	COM	880345103	4,885	61,841	SH		SOLE		26,382	0	35,459
TETRA TECH INC NEW	COM	88162G103	35,412	605,327	SH		OTR		0	605,327	0
TETRA TECH INC NEW	COM	88162G103	43,528	744,075	SH		SOLE		319,075	0	425,000
TRUSTCO BK CORP N Y	COM	898349105	1,638	182,637	SH		OTR		0	182,637	0
TRUSTCO BK CORP N Y	COM	898349105	1,897	211,471	SH		SOLE		90,701	0	120,770
TUPPERWARE BRANDS CORP	COM	899896104	389	9,268	SH		OTR		0	9,268	0
TUPPERWARE BRANDS CORP	COM	899896104	466	11,113	SH		SOLE		5,013	0	6,100
UNITED TECHNOLOGIES CORP	COM	913017109	49,825	398,508	SH		OTR		0	377,592	20,916
UNITED TECHNOLOGIES CORP	COM	913017109	36,073	288,512	SH		SOLE		288,512	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	59,304	241,720	SH		OTR		0	229,113	12,607
UNITEDHEALTH GROUP INC	COM	91324P102	42,536	173,375	SH		SOLE		173,375	0	0
US BANCORP DEL	COM NEW	902973304	26,740	531,410	SH		OTR		0	503,409	28,001
US BANCORP DEL	COM NEW	902973304	19,363	384,806	SH		SOLE		384,806	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	48,377	961,582	SH		OTR		0	910,628	50,954
VERIZON COMMUNICATIONS INC	COM	92343V104	35,242	700,502	SH		SOLE		700,502	0	0
VIAD CORP	COM NEW	92552R406	11,532	212,177	SH		OTR		0	212,177	0
VIAD CORP	COM NEW	92552R406	14,280	262,721	SH		SOLE		112,401	0	150,320
VULCAN MATLS CO	COM	929160109	18,774	145,466	SH		OTR		0	137,823	7,643
VULCAN MATLS CO	COM	929160109	13,551	105,001	SH		SOLE		105,001	0	0
WABTEC CORP	COM	929740108	29,574	300,000	SH		OTR		0	300,000	0
WABTEC CORP	COM	929740108	6,435	65,275	SH		SOLE		65,275	0	0
WELLS FARGO CO NEW	COM	949746101	46,681	842,018	SH		OTR		0	798,162	43,856
WELLS FARGO CO NEW	COM	949746101	33,458	603,491	SH		SOLE		603,491	0	0
WILLIAMS COS INC DEL	COM	969457100	59,642	2,200,000	SH		OTR		0	2,200,000	0
WILLIAMS COS INC DEL	COM	969457100	12,740	469,950	SH		SOLE		469,950	0	0
WILLIS TOWERS WATSON PUB LTD	SHS	G96629103	44,138	290,000	SH		OTR		0	290,000	0
WILLIS TOWERS WATSON PUB LTD	SHS	G96629103	9,524	62,575	SH		SOLE		62,575	0	0
XCEL ENERGY INC	COM	98389B100	43,757	950,000	SH		OTR		0	950,000	0
XCEL ENERGY INC	COM	98389B100	9,481	205,850	SH		SOLE		205,850	0	0
XILINX INC	COM	983919101	41,114	630,000	SH		OTR		0	630,000	0
XILINX INC	COM	983919101	9,074	139,050	SH		SOLE		139,050	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	150,329	1,346,072	SH		OTR		0	1,319,467	26,605
ZIMMER BIOMET HLDGS INC	COM	98956P102	61,047	546,622	SH		SOLE		546,622	0	0