The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| AMERICAS GOLD AND SILVER COR | COM | 03062D100 | 4,545 | 1,410,000 | SH | DFND | 1,410,000 | 0 | 0 | ||
| ADVANCE AUTO PARTS INC | COM | 00751Y106 | 9,639 | 61,199 | SH | DFND | 61,199 | 0 | 0 | ||
| ACACIA RESH CORP | ACACIA TCH COM | 003881307 | 7,486 | 1,900,000 | SH | DFND | 1,900,000 | 0 | 0 | ||
| ARGAN INC | COM | 04010E109 | 6,674 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| A H BELO CORP | COM CL A | 001282102 | 2,091 | 1,384,585 | SH | DFND | 1,169,585 | 0 | 215,000 | ||
| ALBIREO PHARMA INC | COM | 01345P106 | 2,626 | 70,000 | SH | DFND | 70,000 | 0 | 0 | ||
| AMERICAN HOMES 4 RENT | CL A | 02665T306 | 1,613 | 53,782 | SH | DFND | 53,782 | 0 | 0 | ||
| ANGIODYNAMICS INC | COM | 03475V101 | 5,264 | 343,368 | SH | DFND | 343,368 | 0 | 0 | ||
| SMITH A O CORP | COM | 831865209 | 3,747 | 68,343 | SH | DFND | 68,343 | 0 | 0 | ||
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 | 9,067 | 180,115 | SH | DFND | 180,115 | 0 | 0 | ||
| ACCURAY INC | COM | 004397105 | 14,784 | 3,545,400 | SH | DFND | 3,382,900 | 0 | 162,500 | ||
| ASSOCIATED BANC CORP | COM | 045487105 | 14,847 | 870,800 | SH | DFND | 843,800 | 0 | 27,000 | ||
| ASTEC INDS INC | COM | 046224101 | 5,953 | 102,856 | SH | DFND | 102,856 | 0 | 0 | ||
| ATN INTL INC | COM | 00215F107 | 7,735 | 185,219 | SH | DFND | 185,219 | 0 | 0 | ||
| AMERICAN VANGUARD CORP | COM | 030371108 | 11,069 | 713,189 | SH | DFND | 713,189 | 0 | 0 | ||
| AVANOS MED INC | COM | 05350V106 | 10,623 | 231,533 | SH | DFND | 231,533 | 0 | 0 | ||
| BARRETT BUSINESS SVCS INC | COM | 068463108 | 10,232 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| BUNGE LIMITED | COM | G16962105 | 6,817 | 103,944 | SH | DFND | 103,944 | 0 | 0 | ||
| POPULAR INC | COM NEW | 733174700 | 5,249 | 93,205 | SH | DFND | 93,205 | 0 | 0 | ||
| BRADY CORP | CL A | 104674106 | 10,872 | 205,840 | SH | DFND | 205,840 | 0 | 0 | ||
| BERKSHIRE HATHAWY INC DEL | CL B NEW | 084670702 | 4,424 | 19,079 | SH | DFND | 19,079 | 0 | 0 | ||
| BERRY CORP | COM | 08579X101 | 5,113 | 1,389,400 | SH | DFND | 1,270,200 | 0 | 119,200 | ||
| CALERES INC | COM | 129500104 | 4,695 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| CAL MAINE FOODS INC | COM NEW | 128030202 | 7,918 | 210,912 | SH | DFND | 210,912 | 0 | 0 | ||
| CALIX INC | COM | 13100M509 | 4,464 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| CARDTRONICS PLC | SHS CL A | G1991C105 | 1,765 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| CAPITAL CITY BK GROUP INC | COM | 139674105 | 13,275 | 540,075 | SH | DFND | 526,825 | 0 | 13,250 | ||
| CROSS CTRY HEALTHCARE INC | COM | 227483104 | 8,443 | 951,898 | SH | DFND | 951,898 | 0 | 0 | ||
| CENTURY CMNTYS INC | COM | 156504300 | 18,937 | 432,550 | SH | DFND | 421,650 | 0 | 10,900 | ||
| CECO ENVIRONMENTAL CORP | COM | 125141101 | 3,828 | 550,000 | SH | DFND | 550,000 | 0 | 0 | ||
| CHAMPIONX CORPORATION | COM | 15872M104 | 10,556 | 689,966 | SH | DFND | 689,966 | 0 | 0 | ||
| CLOUDERA INC | COM | 18914U100 | 10,938 | 786,350 | SH | �� | DFND | 757,850 | 0 | 28,500 | |
| COMCAST CORP NEW | CL A | 20030N101 | 2,907 | 55,468 | SH | DFND | 55,468 | 0 | 0 | ||
| CENTURY BANCORP INC | CL A NON VTG | 156432106 | 5,384 | 69,600 | SH | DFND | 69,600 | 0 | 0 | ||
| CANADIAN NATL RY CO | COM | 136375102 | 2,489 | 22,660 | SH | DFND | 22,660 | 0 | 0 | ||
| CAPITAL ONE FINL CORP | COM | 14040H105 | 1,331 | 13,466 | SH | DFND | 13,466 | 0 | 0 | ||
| CABOT OIL & GAS CORP | COM | 127097103 | 2,288 | 140,562 | SH | DFND | 140,562 | 0 | 0 | ||
| COWEN INC | CL A New | 223622606 | 16,736 | 643,950 | SH | DFND | 629,450 | 0 | 14,500 | ||
| CISCO SYS INC | COM | 17275R102 | 2,768 | 61,860 | SH | DFND | 61,860 | 0 | 0 | ||
| CENTERSPACE | COM | 15202L107 | 2,826 | 40,000 | SH | DFND | 40,000 | 0 | 0 | ||
| CARRIAGE SVCS INC | COM | 143905107 | 3,132 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| COMMUNITY TR BANCORP INC | COM | 204149108 | 1,613 | 43,544 | SH | DFND | 43,544 | 0 | 0 | ||
| CARETRUST REIT INC | COM | 14174T107 | 6,654 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| CULP INC | COM | 230215105 | 1,328 | 83,700 | SH | DFND | 83,700 | 0 | 0 | ||
| CUTERA INC | COM | 232109108 | 1,206 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| COVENANT LOGISTICS GROUP INC | CL A | 22284P105 | 4,443 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| CPI AEROSTRUCTURES INC | COM NEW | 125919308 | 2,269 | 592,400 | SH | DFND | 560,400 | 0 | 32,000 | ||
| DONALDSON INC | COM | 257651109 | 4,323 | 77,355 | SH | DFND | 77,355 | 0 | 0 | ||
| DISCOVER FINL SVCS | COM | 254709108 | 3,698 | 40,853 | SH | DFND | 40,853 | 0 | 0 | ||
| DIGI INTL INC | COM | 253798102 | 2,835 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| QUEST DIAGNOSTICS INC | COM | 74834L100 | 9,691 | 81,321 | SH | DFND | 81,321 | 0 | 0 | ||
| WISDOMTREE TR | INTL SMCAP DIV | 97717W760 | 3,353 | 49,235 | SH | DFND | 49,235 | 0 | 0 | ||
| DSP GROUP INC | COM | 23332B106 | 6,839 | 412,261 | SH | DFND | 412,261 | 0 | 0 | ||
| DZS INC | COM | 268211109 | 4,247 | 274,557 | SH | DFND | 274,557 | 0 | 0 | ||
| ERIX INC | COM NEW | 278715206 | 5,696 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| US ECOLOGY INC | COM | 91734M103 | 3,633 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| ENCOMPASS HEALTH CORP | COM | 29261A100 | 10,757 | 130,084 | SH | DFND | 130,084 | 0 | 0 | ||
| EASTMAN CHEM CO | COM | 277432100 | 2,905 | 28,969 | SH | DFND | 28,969 | 0 | 0 | ||
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 | 8,385 | 370,836 | SH | DFND | 370,836 | 0 | 0 | ||
| EVOFEM BIOSCIENCES INC | COM | 30048L104 | 6,198 | 2,571,900 | SH | DFND | 2,383,500 | 0 | 188,400 | ||
| EVERTEC INC | COM | 30040P103 | 6,390 | 162,503 | SH | DFND | 162,503 | 0 | 0 | ||
| EXELON CORP | COM | 30161N101 | 7,749 | 183,546 | SH | DFND | 183,546 | 0 | 0 | ||
| EZCORP INC | CL A NON VTG | 302301106 | 3,353 | 700,000 | SH | DFND | 700,000 | 0 | 0 | ||
| FIRSTCASH INC | COM | 33767D105 | 11,988 | 171,163 | SH | DFND | 171,163 | 0 | 0 | ||
| FREEPORT-MCMORAN INC | CL B | 35671D857 | 4,325 | 166,229 | SH | DFND | 166,229 | 0 | 0 | ||
| FIRSTENERGY CORP | COM | 337932107 | 5,190 | 169,562 | SH | DFND | 169,562 | 0 | 0 | ||
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 | 2,039 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| FLOWSERVE CORP | COM | 34354P105 | 3,576 | 97,033 | SH | DFND | 97,033 | 0 | 0 | ||
| FORESTAR GROUP INC | COM | 346232101 | 3,032 | 150,250 | SH | DFND | 139,050 | 0 | 11,200 | ||
| GATX CORP | COM | 361448103 | 3,327 | 40,000 | SH | DFND | 40,000 | 0 | 0 | ||
| GLACIER BANCORP INC NEW | COM | 37637Q105 | 8,761 | 190,407 | SH | DFND | 190,407 | 0 | 0 | ||
| GRIFFON CORP | COM | 398433102 | 4,196 | 205,905 | SH | DFND | 205,905 | 0 | 0 | ||
| GREAT LAKES DREDGE & DOCK CO | COM | 390607109 | 1,317 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| ACUSHNET HOLDINGS CORP | COM | 005098108 | 7,307 | 180,236 | SH | DFND | 180,236 | 0 | 0 | ||
| ALPHABET INC | CAP STK CL A | 02079K305 | 3,051 | 1,741 | SH | DFND | 1,741 | 0 | 0 | ||
| GORMAN RUPP CO | COM | 383082104 | 8,188 | 252,318 | SH | DFND | 243,418 | 0 | 8,900 | ||
| U S GLOBAL INVS INC | CL A | 902952100 | 3,406 | 625,000 | SH | DFND | 625,000 | 0 | 0 | ||
| GSI TECHNOLOGY | COM | 36241U106 | 3,330 | 450,000 | SH | DFND | 450,000 | 0 | 0 | ||
| TRIPLE-S MGMT CORP | CL B | 896749108 | 7,043 | 329,893 | SH | DFND | 329,893 | 0 | 0 | ||
| HAIN CELESTIAL GROUP INC | COM | 405217100 | 8,271 | 206,010 | SH | DFND | 206,010 | 0 | 0 | ||
| HARVARD BIOSCIENCE INC | COM | 416906105 | 4,124 | 961,400 | SH | DFND | 961,400 | 0 | 0 | ||
| HOLLY FRONTIER CORP | COM | 436106108 | 1,795 | 69,427 | SH | DFND | 69,427 | 0 | 0 | ||
| HERITAGE FINL CORP WASH | COM | 42722X106 | 7,017 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 5,980 | 122,086 | SH | DFND | 122,086 | 0 | 0 | ||
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | 1,990 | 11,675 | SH | DFND | 11,675 | 0 | 0 | ||
| HIGHWOODS PPTYS INC | COM | 431284108 | 6,775 | 170,950 | SH | DFND | 163,950 | 0 | 7,000 | ||
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 6,779 | 60,930 | SH | DFND | 60,930 | 0 | 0 | ||
| HOOKER FURNITURE CORP | COM | 439038100 | 3,225 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| HERON THERAPEUTICS INC | COM | 427746102 | 4,233 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| HUDSON GLOBAL INC | COM NEW | 443787205 | 4,087 | 389,285 | SH | DFND | 374,845 | 0 | 14,440 | ||
| HEALTHSTREAM INC | COM | 42222N103 | 975 | 44,651 | SH | DFND | 44,651 | 0 | 0 | ||
| HEARTLAND EXPRESS INC | COM | 422347104 | 6,518 | 360,125 | SH | DFND | 360,125 | 0 | 0 | ||
| HYSTER YALE MATLS HANDLING I | CL A | 449172105 | 5,803 | 97,450 | SH | DFND | 97,450 | 0 | 0 | ||
| IAMGOLD CORP | COM | 450913108 | 101 | 27,500 | SH | DFND | 27,500 | 0 | 0 | ||
| INTERDIGITAL INC | COM | 45867G101 | 6,247 | 102,948 | SH | DFND | 102,948 | 0 | 0 | ||
| INTELLICHECK INC | COM NEW | 45817G201 | 5,703 | 500,000 | SH | DFND | 500,000 | 0 | 0 | ||
| IMMERSION CORP | COM | 452521107 | 3,952 | 350,000 | SH | DFND | 350,000 | 0 | 0 | ||
| FIRST INTERNET BANCORP | COM | 320557101 | 10,484 | 364,771 | SH | DFND | 343,471 | 0 | 21,300 | ||
| INDEPENDENT BANK CORP MASS | COM | 453836108 | 11,277 | 154,398 | SH | DFND | 154,398 | 0 | 0 | ||
| ISHARES TR | CORE S&P US VLU | 464287663 | 347 | 5,577 | SH | DFND | 5,577 | 0 | 0 | ||
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | 11,554 | 70,000 | SH | DFND | 70,000 | 0 | 0 | ||
| JOHNSON & JOHNSON | COM | 478160104 | 3,178 | 20,191 | SH | DFND | 20,191 | 0 | 0 | ||
| KENNAMETAL INC | COM | 489170100 | 18,356 | 506,502 | SH | DFND | 506,502 | 0 | 0 | ||
| KNOWLES CORP | COM | 49926D109 | 6,641 | 360,326 | SH | DFND | 360,326 | 0 | 0 | ||
| LAKELAND INDS INC | COM | 511795106 | 2,725 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| LAMAR ADVERTISING CO NEW | CL A | 512816109 | 12,859 | 154,520 | SH | DFND | 154,520 | 0 | 0 | ||
| LAWSON PRODS INC | COM | 520776105 | 301 | 5,916 | SH | DFND | 4,097 | 0 | 1,819 | ||
| LINCOLN ELEC HLDGS INC | COM | 533900106 | 9,035 | 77,724 | SH | DFND | 77,724 | 0 | 0 | ||
| LINDE PLC | SHS | G5494J103 | 2,640 | 10,019 | SH | DFND | 10,019 | 0 | 0 | ||
| LINCOLN EDL SVCS CORP | COM | 533535100 | 17,841 | 2,744,774 | SH | DFND | 2,596,074 | 0 | 148,700 | ||
| LIMELIGHT NEWTWORKS INC | COM | 53261M104 | 2,195 | 550,000 | SH | DFND | 550,000 | 0 | 0 | ||
| LANDEC CORP | COM | 514766104 | 13,396 | 1,234,690 | SH | DFND | 1,174,300 | 0 | 60,390 | ||
| GRAND CANYON ED INC | COM | 38526M106 | 1,948 | 20,923 | SH | DFND | 20,923 | 0 | 0 | ||
| MANPOWERGROUP INC | COM | 56418H100 | 8,273 | 91,744 | SH | DFND | 91,744 | 0 | 0 | ||
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 | 5,962 | 240,000 | SH | DFND | 240,000 | 0 | 0 | ||
| MARCHEX INC | CL B | 56624R108 | 1,997 | 1,018,707 | SH | DFND | 1,018,707 | 0 | 0 | ||
| M D C HLDGS INC | COM | 552676108 | 4,882 | 100,450 | SH | DFND | 100,450 | 0 | 0 | ||
| MEDTRONIC PLC | SHS | G5960L103 | 1,569 | 13,395 | SH | DFND | 13,395 | 0 | 0 | ||
| MDU RES GROUP INC | COM | 552690109 | 17,179 | 652,188 | SH | DFND | 636,188 | 0 | 16,000 | ||
| MAYVILLE ENGINEERING CO INC | COM | 578605107 | 2,080 | 155,000 | SH | DFND | 155,000 | 0 | 0 | ||
| TRXADE GROUP INC | COM NEW | 89846A207 | 1,323 | 250,000 | SH | DFND | 250,000 | 0 | 0 | ||
| METHODE ELECTRS INC | COM | 591520200 | 10,632 | 277,750 | SH | DFND | 277,750 | 0 | 0 | ||
| MOHAWK INDS INC | COM | 608190104 | 3,004 | 21,314 | SH | DFND | 21,314 | 0 | 0 | ||
| MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 12,130 | 700,350 | SH | DFND | 668,050 | 0 | 32,300 | ||
| MOTORCAR PTS AMER INC | COM | 620071100 | 5,396 | 275,000 | SH | DFND | 275,000 | 0 | 0 | ||
| MARTEN TRANS LTD | COM | 573075108 | 2,585 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| MICROSTRATEGY INC | CL A NEW | 594972408 | 17,998 | 46,320 | SH | DFND | 46,320 | 0 | 0 | ||
| MGIC INVT CORP WIS | COM | 552848103 | 16,861 | 1,343,500 | SH | DFND | 1,312,900 | 0 | 30,600 | ||
| MATERION CORP | COM | 576690101 | 7,545 | 118,414 | SH | DFND | 118,414 | 0 | 0 | ||
| MATRIX SVC CO | COM | 576853105 | 1,852 | 168,060 | SH | DFND | 168,060 | 0 | 0 | ||
| NCR CORP NEW | COM | 62886E108 | 5,636 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| NATIONAL FUEL GAS CO N J | COM | 636180101 | 5,203 | 126,500 | SH | DFND | 117,600 | 0 | 8,900 | ||
| NATIONAL OILWELL VARCO INC | COM | 637071101 | 6,398 | 465,974 | SH | DFND | 465,974 | 0 | 0 | ||
| NVENT ELECTRIC PLC | SHS | G6700G107 | 5,412 | 232,377 | SH | DFND | 223,777 | 0 | 8,600 | ||
| NORTHWEST PIPE CO | COM | 667746101 | 11,297 | 399,175 | SH | DFND | 390,675 | 0 | 8,500 | ||
| NEXSTAR MEDIA GROUP INC | CL A | 65336K103 | 2,221 | 20,342 | SH | DFND | 20,342 | 0 | 0 | ||
| ORION ENERGY SYSTEMS INC | COM | 686275108 | 9,003 | 912,200 | SH | DFND | 859,000 | 0 | 53,200 | ||
| ORTHOFIX MED INC | COM | 68752M108 | 4,298 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| OMNICOM GROUP INC | COM | 681919106 | 1,183 | 18,960 | SH | DFND | 18,960 | 0 | 0 | ||
| ON SEMICONDUCTOR CORP | COM | 682189105 | 6,043 | 184,646 | SH | DFND | 184,646 | 0 | 0 | ||
| OLD NATL BANCORP IND | COM | 680033107 | 6,819 | 411,791 | SH | DFND | 411,791 | 0 | 0 | ||
| ORACLE CORP | COM | 68389X105 | 2,363 | 36,530 | SH | DFND | 36,530 | 0 | 0 | ||
| OLD REP INTL CORP | COM | 680223104 | 15,363 | 779,453 | SH | DFND | 779,453 | 0 | 0 | ||
| PHILBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 | 8,503 | 437,863 | SH | DFND | 437,863 | 0 | 0 | ||
| POTLATCHDELTIC CORPORATION | COM | 737630103 | 20,445 | 408,739 | SH | DFND | 408,739 | 0 | 0 | ||
| PURE CYCLE CORP | COM NEW | 746228303 | 5,615 | 500,000 | SH | DFND | 500,000 | 0 | 0 | ||
| PATTERSON COS INC | COM | 703395103 | 8,870 | 299,350 | SH | DFND | 282,850 | 0 | 16,500 | ||
| PERMA-FIX ENVIRONMENTAL SVCS | COM NEW | 714157203 | 8,075 | 1,352,530 | SH | DFND | 1,246,030 | 0 | 106,500 | ||
| PARKER-HANNIFIN CORP | COM | 701094104 | 1,182 | 4,340 | SH | DFND | 4,340 | 0 | 0 | ||
| PARK AEROSPACE CORP | COM | 70014A104 | 4,488 | 334,648 | SH | DFND | 334,648 | 0 | 0 | ||
| PHOTRONICS INC | COM | 719405102 | 10,082 | 903,400 | SH | DFND | 852,250 | 0 | 51,150 | ||
| PNC FINL SVCS GROUP INC | COM | 693475105 | 2,811 | 18,865 | SH | DFND | 18,865 | 0 | 0 | ||
| PENTAIR PLC | SHS | G7S00T104 | 5,309 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | 2,200 | 51,448 | SH | DFND | 51,448 | 0 | 0 | ||
| PPG INDS INC | COM | 693506107 | 2,219 | 15,389 | SH | DFND | 15,389 | 0 | 0 | ||
| PERRIGO CO PLC | SHS | G97822103 | 2,753 | 61,553 | SH | DFND | 61,553 | 0 | 0 | ||
| PUBLIC STORAGE | COM | 74460D109 | 10,979 | 47,542 | SH | DFND | 47,542 | 0 | 0 | ||
| PS BUSINESS PKS INC CALIF | COM | 69360J107 | 8,690 | 65,402 | SH | DFND | 65,402 | 0 | 0 | ||
| PRETIUM RES INC | COM | 74139C102 | 13,087 | 1,140,000 | SH | DFND | 1,097,000 | 0 | 43,000 | ||
| PIONEER NAT RES CO | COM | 723787107 | 4,948 | 43,446 | SH | DFND | 43,446 | 0 | 0 | ||
| QUANTUM CORP | COM NEW | 747906501 | 4,056 | 662,755 | SH | DFND | 662,755 | 0 | 0 | ||
| REGAL BELOIT CORP | COM | 758750103 | 2,852 | 23,226 | SH | DFND | 23,226 | 0 | 0 | ||
| RENT A CTR INC NEW | COM | 76009N100 | 4,786 | 125,000 | SH | DFND | 125,000 | 0 | 0 | ||
| RADIAN GROUP INC | COM | 750236101 | 16,418 | 810,750 | SH | DFND | 791,050 | 0 | 19,700 | ||
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | 6,693 | 57,751 | SH | DFND | 57,751 | 0 | 0 | ||
| ROYAL GOLD INC | COM | 780287108 | 3,826 | 35,971 | SH | DFND | 35,971 | 0 | 0 | ||
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 | 7,798 | 115,090 | SH | DFND | 115,090 | 0 | 0 | ||
| B. RILEY FINANCIAL INC | COM | 05580M108 | 17,078 | 386,200 | SH | DFND | 386,200 | 0 | 0 | ||
| RAYMOND JAMES FINL INC | COM | 754730109 | 9,921 | 103,699 | SH | DFND | 103,699 | 0 | 0 | ||
| RALPH LAUREN CORP | CL A | 751212101 | 9,607 | 92,608 | SH | DFND | 92,608 | 0 | 0 | ||
| SANDERSON FARMS INC | COM | 800013104 | 3,383 | 25,593 | SH | DFND | 25,593 | 0 | 0 | ||
| SONIC AUTOMOTIVE INC | CL A | 83545G102 | 11,707 | 303,525 | SH | DFND | 303,525 | 0 | 0 | ||
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | 9,849 | 334,442 | SH | DFND | 334,442 | 0 | 0 | ||
| SCHNITZER STEEL INDS INC | CL A | 806882106 | 9,271 | 290,524 | SH | DFND | 290,524 | 0 | 0 | ||
| SCHWAB CHARLES CORP | COM | 808513105 | 12,655 | 238,599 | SH | DFND | 238,599 | 0 | 0 | ||
| SCIPLAY CORPORATION | CL A | 809087109 | 1,524 | 110,000 | SH | DFND | 110,000 | 0 | 0 | ||
| SHYFT GROUP INC | COM | 825698103 | 11,352 | 400,000 | SH | DFND | 400,000 | 0 | 0 | ||
| SMTC CORP | COM NEW | 832682207 | 4,504 | 908,000 | SH | DFND | 834,100 | 0 | 73,900 | ||
| SANOFI | SPONSORED ADR | 80105N105 | 1,506 | 30,984 | SH | DFND | 30,984 | 0 | 0 | ||
| SPECTRUM BRANDS HLDGS INC NE | COM | 84790A105 | 17,917 | 226,859 | SH | DFND | 226,859 | 0 | 0 | ||
| SPARK ENERGY INC | CL A COM | 846511103 | 5,487 | 573,340 | SH | DFND | 536,540 | 0 | 36,800 | ||
| STERICYCLE INC | COM | 858912108 | 6,422 | 92,626 | SH | DFND | 92,626 | 0 | 0 | ||
| SERVICESOURCE INTL INC | COM | 81763U100 | 1,056 | 600,000 | SH | DFND | 600,000 | 0 | 0 | ||
| STATE AUTO FINL CORP | COM | 855707105 | 4,435 | 250,000 | SH | DFND | 250,000 | 0 | 0 | ||
| STERLING CONSTR INC | COM | 859241101 | 4,187 | 225,000 | SH | DFND | 225,000 | 0 | 0 | ||
| SUNCOR ENERGY INC NEW | COM | 867224107 | 1,282 | 76,371 | SH | DFND | 76,371 | 0 | 0 | ||
| SIERRA WIRELESS INC | COM | 826516106 | 2,922 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | 5,644 | 36,916 | SH | DFND | 36,916 | 0 | 0 | ||
| SCHWEITZER-MAUDUIT INTL INC | COM | 808541106 | 3,926 | 97,638 | SH | DFND | 97,638 | 0 | 0 | ||
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 | 7,592 | 102,916 | SH | DFND | 102,916 | 0 | 0 | ||
| STOCK YDS BANCORP INC | COM | 861025104 | 2,317 | 57,229 | SH | DFND | 57,229 | 0 | 0 | ||
| BANCORP INC DEL | COM | 05969A105 | 11,511 | 843,325 | SH | DFND | 812,225 | 0 | 31,100 | ||
| TRICO BANCSHARES | COM | 896095106 | 7,056 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| TECNOGLASS INC | SHS | G87264100 | 2,764 | 400,000 | SH | DFND | 400,000 | 0 | 0 | ||
| HANOVER INS GROUP INC | COM | 410867105 | 9,024 | 77,180 | SH | DFND | 77,180 | 0 | 0 | ||
| THOR INDS INC | COM | 885160101 | 17,362 | 186,713 | SH | DFND | 183,488 | 0 | 3,225 | ||
| TREEHOUSE FOODS INC | COM | 89469A104 | 6,562 | 154,445 | SH | DFND | 154,445 | 0 | 0 | ||
| TRIMAS CORP | COM NEW | 896215209 | 1,957 | 61,794 | SH | DFND | 61,794 | 0 | 0 | ||
| TRISTATE CAP HLDGS INC | COM | 89678F100 | 8,770 | 504,050 | SH | DFND | 467,050 | 0 | 37,000 | ||
| UNIFI INC | COM NEW | 904677200 | 1,011 | 57,006 | SH | DFND | 57,006 | 0 | 0 | ||
| AMERCO | COM | 023586100 | 8,675 | 19,110 | SH | DFND | 19,110 | 0 | 0 | ||
| UNILEVER PLC | SPON ADR NEW | 904767704 | 3,114 | 51,590 | SH | DFND | 51,590 | 0 | 0 | ||
| UMB FINL CORP | COM | 902788108 | 14,238 | 206,376 | SH | DFND | 206,376 | 0 | 0 | ||
| USA TECHNOLOGIES INC | COM | 90328S500 | 4,093 | 390,575 | SH | DFND | 390,575 | 0 | 0 | ||
| VONAGE HLDGS CORP | COM | 92886T201 | 13,698 | 1,063,900 | SH | DFND | 1,025,500 | 0 | 38,400 | ||
| VISTRA CORP | COM | 92840M102 | 21,705 | 1,104,000 | SH | DFND | 1,072,000 | 0 | 32,000 | ||
| VIAD CORP | COM NEW | 92552R406 | 4,427 | 122,400 | SH | DFND | 114,700 | 0 | 7,700 | ||
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | 1,828 | 31,108 | SH | DFND | 31,108 | 0 | 0 | ||
| WISDOMTREE INVTS INC | COM | 97717P104 | 3,210 | 600,000 | SH | DFND | 600,000 | 0 | 0 | ||
| WORTHINGTON INDS INC | COM | 981811102 | 6,077 | 118,376 | SH | DFND | 118,376 | 0 | 0 | ||
| WESTPORT FUEL SYSTEMS INC | COM NEW | 960908309 | 5,330 | 1,000,000 | SH | DFND | 1,000,000 | 0 | 0 | ||
| WESTROCK CO | COM | 96145D105 | 7,213 | 165,700 | SH | DFND | 160,400 | 0 | 5,300 | ||
| WESTERN UN CO | COM | 959802109 | 3,790 | 172,756 | SH | DFND | 172,756 | 0 | 0 | ||
| DENTSPLY SIRONA INC | COM | 24906P109 | 8,860 | 169,208 | SH | DFND | 169,208 | 0 | 0 | ||
| ZOVIO INC | COM | 98979V102 | 12,071 | 2,546,700 | SH | DFND | 2,347,000 | 0 | 199,700 | ||