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 |
| THE AARONS COMPANY INC | COM | 00258W108 | 9,597 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| ADVANCE AUTO PARTS INC | COM | 00751Y106 | 14,349 | 69,945 | SH | DFND | 69,945 | 0 | 0 | ||
| AMERISOURCBERGEN CORP | COM | 03073E105 | 2,283 | 19,942 | SH | DFND | 19,942 | 0 | 0 | ||
| ADVANCED ENERGY INDS | COM | 007973100 | 5,636 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 | 3,232 | 27,722 | SH | DFND | 27,722 | 0 | 0 | ||
| ANGIODYNAMICS INC | COM | 03475V101 | 8,070 | 297,452 | SH | DFND | 297,452 | 0 | 0 | ||
| SMITH A O CORP | COM | 831865209 | 4,763 | 66,100 | SH | DFND | 66,100 | 0 | 0 | ||
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 | 6,505 | 127,997 | SH | DFND | 127,997 | 0 | 0 | ||
| ACCURAY INC | COM | 004397105 | 15,361 | 3,398,500 | SH | DFND | 3,238,000 | 0 | 160,500 | ||
| ASSOCIATED BANC CORP | COM | 045487105 | 17,788 | 868,575 | SH | DFND | 849,475 | 0 | 19,100 | ||
| ASTEC INDS INC | COM | 046224101 | 9,664 | 153,547 | SH | DFND | 153,547 | 0 | 0 | ||
| ATN INTL INC | COM | 00215F107 | 12,809 | 281,573 | SH | DFND | 281,573 | 0 | 0 | ||
| AMERICAN VANGUARD CORP | COM | 030371108 | 12,035 | 687,349 | SH | DFND | 687,349 | 0 | 0 | ||
| AVANOS MED INC | COM | 05350V106 | 8,755 | 240,724 | SH | DFND | 240,724 | 0 | 0 | ||
| BED BATH & BEYOND INC | COM | 075896100 | 15,292 | 459,350 | SH | DFND | 439,600 | 0 | 19,750 | ||
| BARRETT BUSINESS SVCS INC | COM | 068463108 | 10,892 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| POPULAR INC | COM NEW | 733174700 | 1,365 | 18,190 | SH | DFND | 18,190 | 0 | 0 | ||
| BRADY CORP | CL A | 104674106 | 12,639 | 225,536 | SH | DFND | 225,536 | 0 | 0 | ||
| BERKSHIRE HATHAWY INC DEL | CL B NEW | 084670702 | 4,088 | 14,711 | SH | DFND | 14,711 | 0 | 0 | ||
| BERRY CORP | COM | 08579X101 | 13,532 | 2,013,675 | SH | DFND | 1,894,475 | 0 | 119,200 | ||
| CONAGRA BRANDS INC | COM | 205887102 | 2,897 | 79,632 | SH | DFND | 79,632 | 0 | 0 | ||
| CALERES INC | COM | 129500104 | 5,458 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| CAL MAINE FOODS INC | COM NEW | 128030202 | 11,803 | 325,957 | SH | DFND | 325,957 | 0 | 0 | ||
| CASS INFORMATION SYS INC | COM | 14808P109 | 2,906 | 71,308 | SH | DFND | 71,308 | 0 | 0 | ||
| CBOE GLOBAL MKTS INC | COM | 12503M108 | 8,450 | 70,976 | SH | DFND | 70,976 | 0 | 0 | ||
| CAPITAL CITY BK GROUP INC | COM | 139674105 | 14,424 | 559,275 | SH | DFND | 539,225 | 0 | 20,050 | ||
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 | 10,219 | 132,904 | SH | DFND | 132,904 | 0 | 0 | ||
| CROSS CTRY HEALTHCARE INC | COM | 227483104 | 15,904 | 963,324 | SH | DFND | 963,324 | 0 | 0 | ||
| CENTURY CMNTYS INC | COM | 156504300 | 26,167 | 393,250 | SH | DFND | 384,150 | 0 | 9,100 | ||
| CECO ENVIRONMENTAL CORP | COM | 125141101 | 4,296 | 600,000 | SH | DFND | 600,000 | 0 | 0 | ||
| CENTERRA GOLD INC | COM | 152006102 | 14,621 | 1,916,250 | SH | DFND | 1,841,250 | 0 | 75,000 | ||
| CHAMPIONX CORPORATION | COM | 15872M104 | 20,364 | 793,918 | SH | DFND | 793,918 | 0 | 0 | ||
| CLOUDERA INC | COM | 18914U100 | 8,723 | 550,000 | SH | DFND | 550,000 | 0 | 0 | ||
| COMCAST CORP NEW | CL A | 20030N101 | 3,082 | 54,049 | SH | DFND | 54,049 | 0 | 0 | ||
| CORE MOLDING TECHNOLOGIES IN | COM | 218683100 | 4,026 | 260,934 | SH | DFND | 260,934 | 0 | 0 | ||
| CANADIAN NATL RY CO | COM | 136375102 | 2,330 | 22,085 | SH | DFND | 22,085 | 0 | 0 | ||
| CYRUSONE INC | COM | 23283R100 | 11,879 | 166,100 | SH | DFND | 160,700 | 0 | 5,400 | ||
| COWEN INC | CL A New | 223622606 | 22,263 | 542,350 | SH | DFND | 527,850 | 0 | 14,500 | ||
| CARTERS INC | COM | 146229109 | 6,190 | 60,000 | SH | DFND | 60,000 | 0 | 0 | ||
| CISCO SYS INC | COM | 17275R102 | 2,872 | 54,184 | SH | DFND | 54,184 | 0 | 0 | ||
| CARRIAGE SVCS INC | COM | 143905107 | 7,024 | 190,000 | SH | DFND | 190,000 | 0 | 0 | ||
| COMMUNITY TR BANCORP INC | COM | 204149108 | 1,756 | 43,480 | SH | DFND | 43,480 | 0 | 0 | ||
| CARETRUST REIT INC | COM | 14174T107 | 6,969 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| COVENANT LOGISTICS GROUP INC | CL A | 22284P105 | 6,721 | 325,000 | SH | DFND | 325,000 | 0 | 0 | ||
| CPI AEROSTRUCTURES INC | COM NEW | 125919308 | 355 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| DALLASNEWS CORPORATION | COM SER A | 235050101 | 1,621 | 217,896 | SH | DFND | 217,896 | 0 | 0 | ||
| DIEBOLD NIXDORF INC | COM STK | 253651103 | 4,494 | 350,000 | SH | DFND | 350,000 | 0 | 0 | ||
| DENBURY INC | COM | 24790A101 | 7,678 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| DIGI INTL INC | COM | 253798102 | 3,017 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| QUEST DIAGNOSTICS INC | COM | 74834L100 | 17,827 | 135,083 | SH | DFND | 135,083 | 0 | 0 | ||
| WISDOMTREE TR | INTL SMCAP DIV | 97717W760 | 3,011 | 40,314 | SH | DFND | 40,314 | 0 | 0 | ||
| DOLLAR TREE INC | COM | 256746108 | 3,797 | 38,165 | SH | DFND | 38,165 | 0 | 0 | ||
| DRIL-QUIP INC | COM | 262037104 | 10,053 | 297,176 | SH | DFND | 297,176 | 0 | 0 | ||
| DSP GROUPS INC | COM | 23332B106 | 7,433 | 502,229 | SH | DFND | 502,229 | 0 | 0 | ||
| DXC TECHNOLOGY CO | COM | 23355L106 | 7,788 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| DZS INC | COM | 268211109 | 1,917 | 92,400 | SH | DFND | 92,400 | 0 | 0 | ||
| US ECOLOGY INC | COM | 91734M103 | 5,628 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| ENCOMPASS HEALTH CORP | COM | 29261A100 | 11,246 | 144,128 | SH | DFND | 144,128 | 0 | 0 | ||
| EASTMAN CHEM CO | COM | 277432100 | 3,655 | 31,310 | SH | DFND | 31,310 | 0 | 0 | ||
| ENERSYS | COM | 29275Y102 | 2,443 | 25,000 | SH | DFND | 25,000 | 0 | 0 | ||
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 | 10,769 | 404,533 | SH | DFND | 404,533 | 0 | 0 | ||
| EQUITY COMWLTH | COM SH BEN INT | 294628102 | 2,681 | 102,344 | SH | DFND | 102,344 | 0 | 0 | ||
| EMBRAER SA | SPONSORED ADS | 29082A107 | 7,570 | 500,000 | SH | DFND | 500,000 | 0 | 0 | ||
| EVOFEM BIOSCIENCES INC | COM | 30048L104 | 1,243 | 1,100,000 | SH | DFND | 1,100,000 | 0 | 0 | ||
| EVERTEC INC | COM | 30040P103 | 7,639 | 175,000 | SH | DFND | 175,000 | 0 | 0 | ||
| EXELON CORP | COM | 30161N101 | 9,857 | 222,463 | SH | DFND | 222,463 | 0 | 0 | ||
| EZCORP INC | CL A NON VTG | 302301106 | 4,221 | 700,000 | SH | DFND | 700,000 | 0 | 0 | ||
| FIRSTCASH INC | COM | 33767D105 | 27,227 | 356,184 | SH | DFND | 356,184 | 0 | 0 | ||
| FIRSTENERGY CORP | COM | 337932107 | 6,552 | 176,081 | SH | DFND | 176,081 | 0 | 0 | ||
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 | 2,092 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| FLOWSERVE CORP | COM | 34354P105 | 8,346 | 207,003 | SH | DFND | 207,003 | 0 | 0 | ||
| FORESTAR GROUP INC | COM | 346232101 | 2,091 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| GENPACT LIMITED | SHS | G3922B107 | 9,116 | 200,670 | SH | DFND | 200,670 | 0 | 0 | ||
| GATX CORP | COM | 361448103 | 3,539 | 40,000 | SH | DFND | 40,000 | 0 | 0 | ||
| GLACIER BANCORP INC NEW | COM | 37637Q105 | 8,465 | 153,690 | SH | DFND | 153,690 | 0 | 0 | ||
| GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | 4,045 | 500,000 | SH | DFND | 500,000 | 0 | 0 | ||
| GRIFFON CORP | COM | 398433102 | 4,727 | 184,447 | SH | DFND | 184,447 | 0 | 0 | ||
| GREAT LAKES DREDGE & DOCK CO | COM | 390607109 | 1,461 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| ACUSHNET HOLDINGS CORP | COM | 005098108 | 7,337 | 148,513 | SH | DFND | 148,513 | 0 | 0 | ||
| ALPHABET INC | CAP STK CL A | 02079K305 | 3,502 | 1,434 | SH | DFND | 1,434 | 0 | 0 | ||
| GORMAN RUPP CO | COM | 383082104 | 11,167 | 324,252 | SH | DFND | 307,552 | 0 | 16,700 | ||
| GRIFOLS S A | SP ADR REP B NVT | 398438408 | 3,339 | 192,426 | SH | DFND | 192,426 | 0 | 0 | ||
| U S GLOBAL INVS INC | CL A | 902952100 | 2,899 | 468,273 | SH | DFND | 468,273 | 0 | 0 | ||
| TRIPLE-S MGMT CORP | CL B | 896749108 | 6,681 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| GRANITE CONSTR INC | COM | 387328107 | 9,145 | 220,208 | SH | DFND | 220,208 | 0 | 0 | ||
| HAEMONETICS CORP MASS | COM | 405024100 | 23,260 | 349,042 | SH | DFND | 341,142 | 0 | 7,900 | ||
| HARVARD BIOSCIENCE INC | COM | 416906105 | 6,248 | 750,000 | SH | DFND | 750,000 | 0 | 0 | ||
| HOLLY FRONTIER CORP | COM | 436106108 | 2,288 | 69,529 | SH | DFND | 69,529 | 0 | 0 | ||
| HERITAGE FINL CORP WASH | COM | 42722X106 | 8,637 | 345,200 | SH | DFND | 329,200 | 0 | 16,000 | ||
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 7,057 | 113,873 | SH | DFND | 113,873 | 0 | 0 | ||
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | 3,763 | 17,857 | SH | DFND | 17,857 | 0 | 0 | ||
| HIGHWOODS PPTYS INC | COM | 431284108 | 10,610 | 234,900 | SH | DFND | 223,250 | 0 | 11,650 | ||
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 4,928 | 40,852 | SH | DFND | 40,852 | 0 | 0 | ||
| HANGER INC | COM NEW | 41043F208 | 8,154 | 322,531 | SH | DFND | 322,531 | 0 | 0 | ||
| HOOKER FURNITURE CORP | COM | 439038100 | 3,464 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| HARLEY DAVIDSON INC | COM | 412822108 | 9,631 | 210,188 | SH | DFND | 210,188 | 0 | 0 | ||
| HUDSON GLOBAL INC | COM NEW | 443787205 | 6,288 | 356,235 | SH | DFND | 341,795 | 0 | 14,440 | ||
| HEALTHSTREAM INC | COM | 42222N103 | 4,033 | 144,339 | SH | DFND | 144,339 | 0 | 0 | ||
| HEARTLAND EXPRESS INC | COM | 422347104 | 5,705 | 333,058 | SH | DFND | 333,058 | 0 | 0 | ||
| HOWMET AEROSPACE INC | COM | 443201108 | 1,572 | 45,600 | SH | DFND | 45,600 | 0 | 0 | ||
| HYSTER YALE MATLS HANDLING | CL A | 449172105 | 5,968 | 81,781 | SH | DFND | 81,781 | 0 | 0 | ||
| INTELLICHECK INC | COM NEW | 45817G201 | 3,725 | 445,000 | SH | DFND | 445,000 | 0 | 0 | ||
| IHEARTMEDIA INC | COM CL A | 45174J509 | 4,040 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| IMMERSION CORP | COM | 452521107 | 2,631 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| FIRST INTERNET BANCORP | COM | 320557101 | 11,273 | 363,871 | SH | DFND | 343,121 | 0 | 20,750 | ||
| INDEPENDENT BANK CORP MASS | COM | 453836108 | 8,514 | 112,764 | SH | DFND | 112,764 | 0 | 0 | ||
| JOHNSON & JOHNSON | COM | 478160104 | 4,085 | 24,795 | SH | DFND | 24,795 | 0 | 0 | ||
| KENNAMETAL INC | COM | 489170100 | 22,051 | 613,888 | SH | DFND | 613,888 | 0 | 0 | ||
| KNOWLES CORP | COM | 49926D109 | 10,514 | 532,615 | SH | DFND | 532,615 | 0 | 0 | ||
| LAMAR ADVERTISING CO NEW | CL A | 512816109 | 12,308 | 117,874 | SH | DFND | 117,874 | 0 | 0 | ||
| LINCOLN ELEC HLDGS INC | COM | 533900106 | 7,727 | 58,669 | SH | DFND | 58,669 | 0 | 0 | ||
| LINDE PLC | SHS | G5494J103 | 2,835 | 9,808 | SH | DFND | 9,808 | 0 | 0 | ||
| LINCOLN EDL SVCS CORP | COM | 533535100 | 18,000 | 2,313,650 | SH | DFND | 2,207,650 | 0 | 106,000 | ||
| LIMBACH HLDGS INC | COM | 53263P105 | 2,778 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| LANDEC CORP | COM | 514766104 | 13,852 | 1,231,315 | SH | DFND | 1,170,925 | 0 | 60,390 | ||
| GRAND CANYON ED INC | COM | 38526M106 | 5,362 | 59,593 | SH | DFND | 59,593 | 0 | 0 | ||
| SPARK NETWORKS SE | SPONSORED ADR | 846517100 | 1,832 | 353,592 | SH | DFND | 353,592 | 0 | 0 | ||
| MANPOWERGROUP INC WIS | COM | 56418H100 | 5,289 | 44,477 | SH | DFND | 44,477 | 0 | 0 | ||
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 | 6,573 | 250,000 | SH | DFND | 250,000 | 0 | 0 | ||
| MARCHEX INC | CL B | 56624R108 | 3,117 | 1,018,707 | SH | DFND | 1,018,707 | 0 | 0 | ||
| M D C HLDGS INC | COM | 552676108 | 2,024 | 40,000 | SH | DFND | 40,000 | 0 | 0 | ||
| MEDTRONIC PLC | SHS | G5960L103 | 1,619 | 13,040 | SH | DFND | 13,040 | 0 | 0 | ||
| MDU RES GROUP INC | COM | 552690109 | 14,334 | 457,356 | SH | DFND | 441,356 | 0 | 16,000 | ||
| MAYVILLE ENGR CO INC | COM | 578605107 | 2,995 | 148,952 | SH | DFND | 148,952 | 0 | 0 | ||
| Methode Electrs Inc | COM | 591520200 | 16,383 | 332,913 | SH | DFND | 332,913 | 0 | 0 | ||
| MOHAWK INDS INC | COM | 608190104 | 3,904 | 20,313 | SH | DFND | 20,313 | 0 | 0 | ||
| MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 14,030 | 749,450 | SH | DFND | 716,950 | 0 | 32,500 | ||
| MOTORCAR PTS AMER INC | COM | 620071100 | 4,412 | 196,598 | SH | DFND | 196,598 | 0 | 0 | ||
| MARTEN TRANS LTD | COM | 573075108 | 2,474 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| MGIC INVT CORP WIS | COM | 552848103 | 15,296 | 1,124,700 | SH | DFND | 1,082,700 | 0 | 42,000 | ||
| MATERION CORP | COM | 576690101 | 10,700 | 142,001 | SH | DFND | 142,001 | 0 | 0 | ||
| MATRIX SVC CO | COM | 576853105 | 3,150 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| MINERALS TECHNOLOGIES INC | COM | 603158106 | 896 | 11,385 | SH | DFND | 11,385 | 0 | 0 | ||
| MYERS INDS INC | COM | 628464109 | 3,547 | 168,924 | SH | DFND | 168,924 | 0 | 0 | ||
| NATIONAL FUEL GAS CO | COM | 636180101 | 6,584 | 126,000 | SH | DFND | 117,100 | 0 | 8,900 | ||
| NOV INC | COM | 62955J103 | 18,465 | 1,205,258 | SH | DFND | 1,205,258 | 0 | 0 | ||
| NVENT ELECTRIC PLC | SHS | G6700G107 | 11,369 | 363,934 | SH | DFND | 355,334 | 0 | 8,600 | ||
| NORTHWESTERN CORP | COM NEW | 668074305 | 6,701 | 111,269 | SH | DFND | 111,269 | 0 | 0 | ||
| NORTHWEST PIPE CO | COM | 667746101 | 12,531 | 443,575 | SH | DFND | 423,575 | 0 | 20,000 | ||
| NEXSTAR MEDIA GROUP INC | CL A | 65336K103 | 2,872 | 19,422 | SH | DFND | 19,422 | 0 | 0 | ||
| ORION ENERGY SYSTEMS INC | COM | 686275108 | 7,479 | 1,305,150 | SH | DFND | 1,198,650 | 0 | 106,500 | ||
| ORTHOFIX MED INC | COM | 68752M108 | 5,014 | 125,000 | SH | DFND | 125,000 | 0 | 0 | ||
| OLD NATL BANCORP IND | COM | 680033107 | 7,221 | 410,057 | SH | DFND | 410,057 | 0 | 0 | ||
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 | 8,269 | 603,600 | SH | DFND | 603,600 | 0 | 0 | ||
| ORACLE CORP | COM | 68389X105 | 2,307 | 29,638 | SH | DFND | 29,638 | 0 | 0 | ||
| OLD REP INTL CORP | COM | 680223104 | 19,903 | 799,008 | SH | DFND | 799,008 | 0 | 0 | ||
| PHILBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 | 19,528 | 676,173 | SH | DFND | 676,173 | 0 | 0 | ||
| POTBELLY CORP | COM | 73754Y100 | 2,765 | 350,000 | SH | DFND | 350,000 | 0 | 0 | ||
| POTLATCHDELTIC CORPORATION | COM | 737630103 | 11,600 | 218,243 | SH | DFND | 218,243 | 0 | 0 | ||
| PURE CYCLE CORP | COM NEW | 746228303 | 6,910 | 500,000 | SH | DFND | 500,000 | 0 | 0 | ||
| PATTERSON COS INC | COM | 703395103 | 12,180 | 400,800 | SH | DFND | 383,750 | 0 | 17,050 | ||
| PERMA-FIX ENVIRONMENTAL SVCS | COM NEW | 714157203 | 9,176 | 1,283,290 | SH | DFND | 1,177,290 | 0 | 106,000 | ||
| PARK AEROSPACE CORP | COM | 70014A104 | 10,375 | 696,311 | SH | DFND | 696,311 | 0 | 0 | ||
| PHOTRONICS INC | COM | 719405102 | 11,918 | 902,200 | SH | DFND | 850,750 | 0 | 51,450 | ||
| PORTLAND GEN ELECTRIC CO | COM NEW | 736508847 | 10,157 | 220,427 | SH | DFND | 220,427 | 0 | 0 | ||
| POST HLDGS INC | COM | 737446104 | 2,906 | 26,793 | SH | DFND | 26,793 | 0 | 0 | ||
| POWELL INDS INC | COM | 739128106 | 9,191 | 296,972 | SH | DFND | 296,972 | 0 | 0 | ||
| PPG INDS INC | COM | 693506107 | 10,199 | 60,078 | SH | DFND | 60,078 | 0 | 0 | ||
| PROASSURANCE CORP | COM | 74267C106 | 3,493 | 153,542 | SH | DFND | 153,542 | 0 | 0 | ||
| PERRIGO CO PLC | SHS | G97822103 | 18,547 | 404,509 | SH | DFND | 404,509 | 0 | 0 | ||
| PRIMO WATER CORPORATION | COM | 74167P108 | 7,196 | 430,153 | SH | DFND | 430,153 | 0 | 0 | ||
| PUBLIC STORAGE | COM | 74460D109 | 11,882 | 39,516 | SH | DFND | 39,516 | 0 | 0 | ||
| PS BUSINESS PKS INC CALIF | COM | 69360J107 | 13,122 | 88,612 | SH | DFND | 88,612 | 0 | 0 | ||
| PRETIUM RES INC | COM | 74139C102 | 11,162 | 1,167,550 | SH | DFND | 1,113,550 | 0 | 54,000 | ||
| PIONEER NAT RES CO | COM | 723787107 | 4,717 | 29,025 | SH | DFND | 29,025 | 0 | 0 | ||
| QUANTUM CORP | COM NEW | 747906501 | 5,168 | 750,000 | SH | DFND | 750,000 | 0 | 0 | ||
| RADIAN GROUP INC | COM | 750236101 | 17,887 | 803,900 | SH | DFND | 785,375 | 0 | 18,525 | ||
| REINSURANCE GRP AMERICA I | COM NEW | 759351604 | 9,846 | 86,366 | SH | DFND | 86,366 | 0 | 0 | ||
| RESOURCES CONNECTION INC | COM | 76122Q105 | 4,782 | 333,022 | SH | DFND | 333,022 | 0 | 0 | ||
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 | 7,447 | 94,310 | SH | DFND | 94,310 | 0 | 0 | ||
| B. RILEY FINANCIAL INC | COM | 05580M108 | 3,865 | 51,198 | SH | DFND | 51,198 | 0 | 0 | ||
| RAYMOND JAMES FINL INC | COM | 754730109 | 2,781 | 21,408 | SH | DFND | 21,408 | 0 | 0 | ||
| RALPH LAUREN CORP | CL A | 751212101 | 9,052 | 76,836 | SH | DFND | 76,836 | 0 | 0 | ||
| SANDERSON FARMS INC | COM | 800013104 | 5,447 | 28,978 | SH | DFND | 28,978 | 0 | 0 | ||
| SONIC AUTOMOTIVE INC | CL A | 83545G102 | 11,463 | 256,224 | SH | DFND | 256,224 | 0 | 0 | ||
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | 11,367 | 332,843 | SH | DFND | 332,843 | 0 | 0 | ||
| SCHNITZER STEEL INDS INC | CL A | 806882106 | 10,547 | 215,029 | SH | DFND | 215,029 | 0 | 0 | ||
| SCIPLAY CORPORATION | CL A | 809087109 | 3,390 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 16,461 | 1,325,357 | SH | DFND | 1,300,957 | 0 | 24,400 | ||
| SHYFT GROUP INC | COM | 825698103 | 11,223 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| SNAP ON INC | COM | 833034101 | 4,178 | 18,701 | SH | DFND | 18,701 | 0 | 0 | ||
| SPECTRUM BRANDS HLDGS INC NE | COM | 84790A105 | 16,988 | 199,769 | SH | DFND | 199,769 | 0 | 0 | ||
| STERICYCLE INC | COM | 858912108 | 10,218 | 142,815 | SH | DFND | 142,815 | 0 | 0 | ||
| STATE AUTO FINL CORP | COM | 855707105 | 6,260 | 365,650 | SH | DFND | 344,150 | 0 | 21,500 | ||
| STERLING CONSTR INC | COM | 859241101 | 5,429 | 225,000 | SH | DFND | 225,000 | 0 | 0 | ||
| SUNCOR ENERGY INC NEW | COM | 867224107 | 2,676 | 111,658 | SH | DFND | 111,658 | 0 | 0 | ||
| SIERRA WIRELESS INC | COM | 826516106 | 9,074 | 477,850 | SH | DFND | 451,100 | 0 | 26,750 | ||
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | 13,508 | 70,446 | SH | DFND | 70,446 | 0 | 0 | ||
| SCHWEITZER-MAUDUIT INTL INC | COM | 808541106 | 7,234 | 179,155 | SH | DFND | 179,155 | 0 | 0 | ||
| SOUTHWEST GAS HLDGS INC | COM | 844895102 | 3,310 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 | 5,318 | 61,439 | SH | DFND | 61,439 | 0 | 0 | ||
| STOCK YDS BANCORP INC | COM | 861025104 | 2,060 | 40,485 | SH | DFND | 40,485 | 0 | 0 | ||
| BANCORP INC DEL | COM | 05969A105 | 6,903 | 300,000 | SH | DFND | 300,000 | 0 | 0 | ||
| TRICO BANCSHARES | COM | 896095106 | 8,516 | 200,000 | SH | DFND | 200,000 | 0 | 0 | ||
| TERADATA CORP DEL | COM | 88076W103 | 6,808 | 136,238 | SH | DFND | 136,238 | 0 | 0 | ||
| TENNECO INC | CL A VTG COM STK | 880349105 | 1,932 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| TECNOGLASS INC | SHS | G87264100 | 8,560 | 400,000 | SH | DFND | 400,000 | 0 | 0 | ||
| HANOVER INS GROUP INC | COM | 410867105 | 10,426 | 76,865 | SH | DFND | 76,865 | 0 | 0 | ||
| THOR INDS INC | COM | 885160101 | 17,227 | 152,455 | SH | DFND | 149,230 | 0 | 3,225 | ||
| TREEHOUSE FOODS INC | COM | 89469A104 | 8,661 | 194,534 | SH | DFND | 194,534 | 0 | 0 | ||
| TOOTSIE ROLL INDS INC | COM | 890516107 | 6,774 | 199,758 | SH | DFND | 199,758 | 0 | 0 | ||
| TRIMAS CORP | COM NEW | 896215209 | 7,921 | 261,150 | SH | DFND | 261,150 | 0 | 0 | ||
| TRISTATE CAP HLDGS INC | COM | 89678F100 | 8,156 | 400,000 | SH | DFND | 400,000 | 0 | 0 | ||
| TWIN DISC INC | COM | 901476101 | 5,542 | 389,439 | SH | DFND | 389,439 | 0 | 0 | ||
| UNIFI INC | COM NEW | 904677200 | 3,654 | 150,000 | SH | DFND | 150,000 | 0 | 0 | ||
| AMERCO | COM | 023586100 | 12,896 | 21,880 | SH | DFND | 21,880 | 0 | 0 | ||
| UNILEVER PLC | SPON ADR NEW | 904767704 | 3,530 | 60,342 | SH | DFND | 60,342 | 0 | 0 | ||
| USANA HEALTH SCIENCES INC | COM | 90328M107 | 6,146 | 60,000 | SH | DFND | 60,000 | 0 | 0 | ||
| VONAGE HLDGS CORP | COM | 92886T201 | 15,943 | 1,106,350 | SH | DFND | 1,070,250 | 0 | 36,100 | ||
| VISTRA CORP | COM | 92840M102 | 21,178 | 1,141,650 | SH | DFND | 1,097,750 | 0 | 43,900 | ||
| VIAD CORP | COM | 92552R406 | 4,985 | 100,000 | SH | DFND | 100,000 | 0 | 0 | ||
| WELLS FARGO CO NEW | COM | 949746101 | 1,306 | 28,843 | SH | DFND | 28,843 | 0 | 0 | ||
| WORTHINGTON INDS INC | COM | 981811102 | 5,323 | 87,003 | SH | DFND | 87,003 | 0 | 0 | ||
| WESTPORT FUEL SYSTEMS INC | COM NEW | 960908309 | 3,477 | 654,821 | SH | DFND | 654,821 | 0 | 0 | ||
| WESTROCK CO | COM | 96145D105 | 2,661 | 50,000 | SH | DFND | 50,000 | 0 | 0 | ||
| DENTSPLY SIRONA INC | COM | 24906P109 | 6,726 | 106,320 | SH | DFND | 106,320 | 0 | 0 | ||
| ZOVIO INC | COM | 98979V102 | 6,334 | 2,445,590 | SH | DFND | 2,264,590 | 0 | 181,000 | ||