HGK Asset Management 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

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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
Aaron's Inc.	Common Stock	002535300	443	8,140	SH		SOLE	0	7,740	0	400
Abbvie Inc	Common Stock	00287Y109	739	7,812	SH		SOLE	0	2,450	0	5,362
Accenture Plc	Common Stock	G1151C101	443	2,600	SH		SOLE	0	2,400	0	200
Aetna Inc.	Common Stock	00817Y108	718	3,540	SH		SOLE	0	1,600	0	1,940
Allete Inc.	Common Stock	018522300	308	4,111	SH		SOLE	0	3,912	0	199
Allstate Corp.	Common Stock	020002101	6,986	70,785	SH		SOLE	0	44,660	0	26,125
Alphabet Inc. (Cl A	Common Stock	02079K305	501	415	SH		SOLE	0	220	0	195
Alphabet Inc. (Cl C	Common Stock	02079K107	905	758	SH		SOLE	0	295	0	463
American Int'l Grou	Common Stock	026874784	6,360	119,459	SH		SOLE	0	73,890	0	45,569
AMN Healthcare Serv	Common Stock	001744101	535	9,782	SH		SOLE	0	8,855	0	927
Apple Hospitality R	Common Stock	03784Y200	414	23,650	SH		SOLE	0	22,199	0	1,451
Apple Inc.	Common Stock	037833100	8,069	35,745	SH		SOLE	0	20,793	0	14,952
Applied Materials I	Common Stock	038222105	5,090	131,683	SH		SOLE	0	82,244	0	49,439
Archer Daniels Midl	Common Stock	039483102	4,540	90,308	SH		SOLE	0	55,995	0	34,313
Arris International	Common Stock	G0551A103	475	18,273	SH		SOLE	0	17,506	0	767
ASGN Inc.	Common Stock	00191U102	378	4,789	SH		SOLE	0	4,555	0	234
Astronics Corp.	Common Stock	046433108	432	9,932	SH		SOLE	0	9,056	0	876
AvalonBay Communiti	Common Stock	053484101	6,201	34,231	SH		SOLE	0	21,320	0	12,911
BankUnited Inc	Common Stock	06652K103	379	10,714	SH		SOLE	0	9,813	0	901
Belden Inc.	Common Stock	077454106	496	6,941	SH		SOLE	0	6,355	0	586
BERKSHIRE HATHAWAY	Common Stock	084670702	5,388	25,163	SH		SOLE	0	15,536	0	9,627
BGC Partners Inc. (	Common Stock	05541T101	277	23,415	SH		SOLE	0	22,238	0	1,177
Blackrock Inc.	Common Stock	09247X101	1,057	2,243	SH		SOLE	0	1,350	0	893
Boeing Co.	Common Stock	097023105	969	2,605	SH		SOLE	0	1,475	0	1,130
Booking Holdings, I	Common Stock	09857L108	617	311	SH		SOLE	0	170	0	141
Boston Scientific C	Common Stock	101137107	5,423	140,847	SH		SOLE	0	87,040	0	53,807
Brighthouse Financi	Common Stock	10922N103	4,555	102,967	SH		SOLE	0	64,020	0	38,947
Bristol-Myers Squib	Common Stock	110122108	7,994	128,767	SH		SOLE	0	80,700	0	48,067
Brookline Bancorp I	Common Stock	11373M107	352	21,075	SH		SOLE	0	20,041	0	1,034
Capital One Financi	Common Stock	14040H105	6,598	69,499	SH		SOLE	0	43,920	0	25,579
CareTrust REIT, Inc	Common Stock	14174T107	444	25,055	SH		SOLE	0	23,826	0	1,229
Carlisle Cos.	Common Stock	142339100	4,368	35,863	SH		SOLE	0	22,205	0	13,658
Cathay General Banc	Common Stock	149150104	415	10,018	SH		SOLE	0	9,522	0	496
CBRE Group, Inc Cla	Common Stock	12504L109	418	9,480	SH		SOLE	0	6,000	0	3,480
Celgene Corp.	Common Stock	151020104	607	6,786	SH		SOLE	0	3,050	0	3,736
CenterPoint Energy	Common Stock	15189T107	665	24,045	SH		SOLE	0	13,400	0	10,645
CenturyLink Inc.	Common Stock	156700106	7,719	364,105	SH		SOLE	0	219,210	0	144,895
Chevron Corp.	Common Stock	166764100	9,747	79,711	SH		SOLE	0	47,925	0	31,786
Cirrus Logic Inc.	Common Stock	172755100	408	10,582	SH		SOLE	0	9,846	0	736
Cisco Systems Inc.	Common Stock	17275R102	6,423	132,020	SH		SOLE	0	81,205	0	50,815
Citigroup Inc.	Common Stock	172967424	6,314	88,016	SH		SOLE	0	54,655	0	33,361
Comcast Corp. (Cl A	Common Stock	20030N101	6,494	183,387	SH		SOLE	0	113,625	0	69,762
ConocoPhillips	Common Stock	20825C104	6,773	87,506	SH		SOLE	0	53,885	0	33,621
Consolidated Edison	Common Stock	209115104	4,971	65,248	SH		SOLE	0	40,745	0	24,503
Constellation Brand	Common Stock	21036P108	3,042	14,110	SH		SOLE	0	8,777	0	5,333
Cooper Cos.	Common Stock	216648402	222	800	SH		SOLE	0	800	0	0
Cummins Inc.	Common Stock	231021106	267	1,830	SH		SOLE	0	0	0	1,830
CVS Caremark Corp.	Common Stock	126650100	7,930	100,740	SH		SOLE	0	62,302	0	38,438
Delek US Holdings I	Common Stock	24665A103	324	7,630	SH		SOLE	0	6,870	0	760
Deluxe Corp.	Common Stock	248019101	347	6,086	SH		SOLE	0	5,423	0	663
Devon Energy Corp.	Common Stock	25179M103	7,305	182,896	SH		SOLE	0	109,605	0	73,291
Dime Community Banc	Common Stock	253922108	221	12,382	SH		SOLE	0	11,760	0	622
Dover Corp.	Common Stock	260003108	5,857	66,160	SH		SOLE	0	41,483	0	24,677
Dril-Quip Inc.	Common Stock	262037104	329	6,290	SH		SOLE	0	6,027	0	263
EnerSys Inc.	Common Stock	29275Y102	617	7,085	SH		SOLE	0	6,642	0	443
Ensign Group Inc.	Common Stock	29358P101	540	14,246	SH		SOLE	0	13,539	0	707
Entergy Corp.	Common Stock	29364G103	6,318	77,878	SH		SOLE	0	48,398	0	29,480
Enterprise Finc'l S	Common Stock	293712105	407	7,666	SH		SOLE	0	7,292	0	374
Entertainment Prope	Common Stock	26884U109	261	3,815	SH		SOLE	0	3,685	0	130
Evercore Partners I	Common Stock	29977A105	447	4,444	SH		SOLE	0	3,951	0	493
Exxon Mobil Corp.	Common Stock	30231G102	6,303	74,135	SH		SOLE	0	46,290	0	27,845
F.N.B. Corp.	Common Stock	302520101	365	28,729	SH		SOLE	0	26,058	0	2,671
Federal Agricultura	Common Stock	313148306	361	4,997	SH		SOLE	0	4,752	0	245
FedEx Corp.	Common Stock	31428X106	419	1,742	SH		SOLE	0	1,100	0	642
FMC Corp.	Common Stock	302491303	519	5,949	SH		SOLE	0	3,000	0	2,949
Franklin Resources	Common Stock	354613101	3,271	107,567	SH		SOLE	0	66,840	0	40,727
General Dynamics Co	Common Stock	369550108	6,705	32,754	SH		SOLE	0	20,315	0	12,439
Gentherm Incorporat	Common Stock	37253A103	444	9,766	SH		SOLE	0	8,913	0	853
Goldman Sachs Group	Common Stock	38141G104	5,558	24,788	SH		SOLE	0	15,506	0	9,282
Greenbrier Cos.	Common Stock	393657101	471	7,840	SH		SOLE	0	7,456	0	384
Greif Inc. (Cl A)	Common Stock	397624107	334	6,226	SH		SOLE	0	5,921	0	305
Hain Celestial Grou	Common Stock	405217100	214	7,897	SH		SOLE	0	7,505	0	392
Hasbro Inc.	Common Stock	418056107	6,129	58,308	SH		SOLE	0	36,408	0	21,900
HCA Healthcare, INC	Common Stock	40412C101	6,349	45,638	SH		SOLE	0	28,213	0	17,425
HCI Group Inc	Common Stock	40416E103	281	6,416	SH		SOLE	0	6,107	0	309
Heartland Financial	Common Stock	42234Q102	386	6,651	SH		SOLE	0	6,318	0	333
Helen of Troy Corp.	Common Stock	G4388N106	766	5,851	SH		SOLE	0	5,439	0	412
Home Depot Inc.	Common Stock	437076102	252	1,218	SH		SOLE	0	0	0	1,218
Hope Bancorp Inc.	Common Stock	43940T109	344	21,263	SH		SOLE	0	20,239	0	1,024
IBERIABANK Corp.	Common Stock	450828108	379	4,656	SH		SOLE	0	4,426	0	230
IDACORP Inc.	Common Stock	451107106	481	4,849	SH		SOLE	0	4,396	0	453
II-VI Inc.	Common Stock	902104108	476	10,058	SH		SOLE	0	8,910	0	1,148
Innophos Holdings I	Common Stock	45774N108	268	6,026	SH		SOLE	0	5,731	0	295
Innospec Inc	Common Stock	45768S105	461	6,005	SH		SOLE	0	5,499	0	506
Intel Corp.	Common Stock	458140100	5,546	117,282	SH		SOLE	0	71,105	0	46,177
International Busin	Common Stock	459200101	6,693	44,262	SH		SOLE	0	27,477	0	16,785
IPG Photonics Corp.	Common Stock	44980X109	494	3,166	SH		SOLE	0	0	0	3,166
J.M. Smucker Co.	Common Stock	832696405	5,837	56,887	SH		SOLE	0	35,482	0	21,405
Johnson & Johnson	Common Stock	478160104	9,572	69,280	SH		SOLE	0	43,255	0	26,025
Jones Lang LaSalle	Common Stock	48020Q107	429	2,973	SH		SOLE	0	2,851	0	122
JPMorgan Chase & Co	Common Stock	46625H100	1,359	12,047	SH		SOLE	0	7,700	0	4,347
Kroger Co.	Common Stock	501044101	315	10,821	SH		SOLE	0	0	0	10,821
Lam Research Corp.	Common Stock	512807108	553	3,647	SH		SOLE	0	2,500	0	1,147
Laredo Petroleum	Common Stock	516806106	251	30,712	SH		SOLE	0	29,206	0	1,506
Lear Corp.	Common Stock	521865204	5,209	35,923	SH		SOLE	0	22,235	0	13,688
Life Storage	Common Stock	53223X107	369	3,881	SH		SOLE	0	3,691	0	190
Lithia Motors Inc.	Common Stock	536797103	389	4,759	SH		SOLE	0	4,378	0	381
Lowe's Cos.	Common Stock	548661107	1,713	14,920	SH		SOLE	0	11,450	0	3,470
Marathon Oil Corp.	Common Stock	565849106	7,577	325,461	SH		SOLE	0	201,290	0	124,171
Marathon Petroleum	Common Stock	56585A102	608	7,602	SH		SOLE	0	3,900	0	3,702
MB Financial Inc.	Common Stock	55264U108	397	8,620	SH		SOLE	0	8,204	0	416
McDonald's Corp.	Common Stock	580135101	2,482	14,835	SH		SOLE	0	10,750	0	4,085
McKesson Corp.	Common Stock	58155Q103	7,065	53,264	SH		SOLE	0	33,155	0	20,109
Merck & Co Inc	Common Stock	58933Y105	383	5,400	SH		SOLE	0	4,500	0	900
MetLife Inc.	Common Stock	59156R108	7,505	160,638	SH		SOLE	0	96,900	0	63,738
Murphy Oil Corp.	Common Stock	626717102	373	11,182	SH		SOLE	0	9,777	0	1,405
National Health Inv	Common Stock	63633D104	376	4,979	SH		SOLE	0	4,736	0	243
Navigant Consulting	Common Stock	63935N107	437	18,951	SH		SOLE	0	18,021	0	930
Neenah Paper Inc.	Common Stock	640079109	414	4,797	SH		SOLE	0	4,560	0	237
Newell Rubbermaid I	Common Stock	651229106	6,063	298,653	SH		SOLE	0	186,746	0	111,907
NextEra Energy Inc	Common Stock	65339F101	710	4,235	SH		SOLE	0	3,050	0	1,185
Nucor Corp.	Common Stock	670346105	6,066	95,596	SH		SOLE	0	59,210	0	36,386
Occidental Petroleu	Common Stock	674599105	6,281	76,435	SH		SOLE	0	47,380	0	29,055
Omega Healthcare In	Common Stock	681936100	377	11,517	SH		SOLE	0	11,101	0	416
PepsiCo Inc.	Common Stock	713448108	1,181	10,560	SH		SOLE	0	7,350	0	3,210
Pfizer Inc.	Common Stock	717081103	641	14,550	SH		SOLE	0	7,900	0	6,650
Piedmont Office Rea	Common Stock	720190206	524	27,703	SH		SOLE	0	25,639	0	2,064
QUALCOMM Inc.	Common Stock	747525103	542	7,530	SH		SOLE	0	0	0	7,530
Regal-Beloit Corp.	Common Stock	758750103	524	6,354	SH		SOLE	0	5,887	0	467
RPM International I	Common Stock	749685103	6,263	96,440	SH		SOLE	0	60,312	0	36,128
ScanSource Inc.	Common Stock	806037107	412	10,338	SH		SOLE	0	9,831	0	507
Schweitzer-Mauduit	Common Stock	808541106	258	6,735	SH		SOLE	0	6,400	0	335
Seagate Technology	Common Stock	G7945M107	648	13,689	SH		SOLE	0	7,400	0	6,289
Selective Insurance	Common Stock	816300107	352	5,543	SH		SOLE	0	5,272	0	271
Simon Property Grou	Common Stock	828806109	5,308	30,031	SH		SOLE	0	18,650	0	11,381
Snap-On Inc.	Common Stock	833034101	7,024	38,258	SH		SOLE	0	23,553	0	14,705
State Street Corp.	Common Stock	857477103	6,472	77,248	SH		SOLE	0	47,810	0	29,438
Synaptics Inc.	Common Stock	87157D109	348	7,623	SH		SOLE	0	7,072	0	551
TCF Financial Corp.	Common Stock	872275102	456	19,155	SH		SOLE	0	18,215	0	940
Tenneco Inc.	Common Stock	880349105	321	7,625	SH		SOLE	0	6,854	0	771
The Blackstone Grou	Common Stock	09260D107	543	14,265	SH		SOLE	0	0	0	14,265
Thor Industries Inc	Common Stock	885160101	359	4,288	SH		SOLE	0	3,924	0	364
Tupperware Brands C	Common Stock	899896104	263	7,855	SH		SOLE	0	7,470	0	385
United Rentals Inc.	Common Stock	911363109	366	2,240	SH		SOLE	0	2,000	0	240
United Technologies	Common Stock	913017109	498	3,560	SH		SOLE	0	2,500	0	1,060
UnitedHealth Group	Common Stock	91324P102	7,104	26,702	SH		SOLE	0	16,517	0	10,185
Valaris PLC	Common Stock	G3157S106	2,602	308,340	SH		SOLE	0	190,095	0	118,245
Verizon Communicati	Common Stock	92343V104	523	9,800	SH		SOLE	0	4,100	0	5,700
Visa Inc.	Common Stock	92826C839	1,557	10,375	SH		SOLE	0	6,000	0	4,375
Walgreen Boots Alli	Common Stock	931427108	844	11,583	SH		SOLE	0	4,900	0	6,683
Walt Disney Co.	Common Stock	254687106	868	7,420	SH		SOLE	0	3,200	0	4,220
Welltower Inc	Common Stock	95040Q104	6,265	97,405	SH		SOLE	0	59,615	0	37,790
Wesco International	Common Stock	95082P105	364	5,926	SH		SOLE	0	5,629	0	297
Whirlpool Corp.	Common Stock	963320106	3,408	28,699	SH		SOLE	0	17,910	0	10,789
World Fuel Services	Common Stock	981475106	384	13,871	SH		SOLE	0	13,190	0	681