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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCURAY INC COM 004397105   7,845,998 2,641,750 SH   DFND   2,427,750 0 214,000
ACTIVISION BLIZZARD INC COM 00507V109   5,824,400 68,050 SH   DFND   68,050 0 0
ADVANCED ENERGY INDS COM 007973100   10,689,350 109,075 SH   DFND   105,975 0 3,100
ALLETE INC COM NEW 018522300   17,252,769 268,025 SH   DFND   261,875 0 6,150
ALLISON TRANSMISSION HLDGS I COM 01973R101   1,841,947 40,715 SH   DFND   40,715 0 0
ALPHABET INC CAP STK CL A 02079K305   3,655,549 35,241 SH   DFND   35,241 0 0
ALPINE INCOME PPTY TR INC COM 02083X103   6,732,000 400,000 SH   DFND   400,000 0 0
AMERICAN VANGUARD CORP COM 030371108   14,579,410 666,335 SH   DFND   666,335 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   13,905,165 488,758 SH   DFND   488,758 0 0
AMERISOURCBERGEN CORP COM 03073E105   2,076,947 12,972 SH   DFND   12,972 0 0
ANGIODYNAMICS INC COM 03475V101   6,469,904 625,716 SH   DFND   625,716 0 0
ASSOCIATED BANC CORP COM 045487105   5,394,000 300,000 SH   DFND   300,000 0 0
ASTEC INDS INC COM 046224101   7,525,568 182,438 SH   DFND   182,438 0 0
ATN INTL INC COM 00215F107   10,661,992 260,557 SH   DFND   260,557 0 0
AUDIOCODES LTD ORD M15342104   5,457,452 361,900 SH   DFND   327,300 0 34,600
AVANOS MED INC COM 05350V106   14,730,401 495,306 SH   DFND   495,306 0 0
BARRETT BUSINESS SVCS INC COM 068463108   11,966,400 135,000 SH   DFND   135,000 0 0
BECTON DICKINSON & CO COM 075887109   3,591,310 14,508 SH   DFND   14,508 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702   3,710,489 12,017 SH   DFND   12,017 0 0
BERRY CORP COM 08579X101   8,890,910 1,132,600 SH   DFND   1,087,700 0 44,900
BOSTON BEER INC CL A 100557107   1,434,776 4,365 SH   DFND   4,365 0 0
BRADY CORP CL A 104674106   5,601,836 104,259 SH   DFND   104,259 0 0
BWX TECHNOLOGIES INC COM 05605H100   17,383,406 275,752 SH   DFND   275,752 0 0
CABLE ONE INC COM 12685J105   9,764,820 13,910 SH   DFND   13,910 0 0
CAL MAINE FOODS INC COM NEW 128030202   919,378 15,099 SH   DFND   15,099 0 0
CANADIAN NATL RY CO COM 136375102   1,190,789 10,094 SH   DFND   10,094 0 0
CANTALOUPE INC COM 138103106   5,130,000 900,000 SH   DFND   900,000 0 0
CAPITAL CITY BK GROUP INC COM 139674105   16,293,722 555,910 SH   DFND   536,760 0 19,150
CARMAX INC COM 143130102   10,740,481 167,089 SH   DFND   167,089 0 0
CARRIAGE SVCS INC COM 143905107   7,451,458 244,150 SH   DFND   229,150 0 15,000
CARTERS INC COM 146229109   23,701,380 329,552 SH   DFND   329,552 0 0
CASS INFORMATION SYS INC COM 14808P109   14,075,490 324,994 SH   DFND   324,994 0 0
CBOE GLOBAL MKTS INC COM 12503M108   1,855,331 13,821 SH   DFND   13,821 0 0
CECO ENVIRONMENTAL CORP COM 125141101   7,694,500 550,000 SH   DFND   550,000 0 0
CENTENE CORP DEL COM 15135B101   14,034,769 222,034 SH   DFND   222,034 0 0
CENTERRA GOLD INC COM 152006102   13,739,045 2,123,500 SH   DFND   2,016,800 0 106,700
CENTURY CMNTYS INC COM 156504300   18,244,174 285,422 SH   DFND   280,472 0 4,950
CHAMPIONX CORPORATION COM 15872M104   11,316,221 417,111 SH   DFND   417,111 0 0
CHASE CORP COM 16150R104   3,506,779 33,484 SH   DFND   33,484 0 0
CISCO SYS INC COM 17275R102   2,096,280 40,101 SH   DFND   40,101 0 0
COMMUNITY TR BANCORP INC COM 204149108   1,293,184 34,076 SH   DFND   34,076 0 0
COMPUTER PROGRAMS & SYS INC COM 205306103   6,040,000 200,000 SH   DFND   200,000 0 0
COMSTOCK RES INC COM NEW 205768302   7,863,709 728,796 SH   DFND   728,796 0 0
CONAGRA BRANDS INC COM 205887102   6,105,941 162,565 SH   DFND   162,565 0 0
CONSOLIDATED WATER CO INC ORD G23773107   7,393,500 450,000 SH   DFND   450,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109   17,399,682 221,652 SH   DFND   221,652 0 0
CORE MOLDING TECHNOLGIES INC COM 218683100   6,746,250 375,000 SH   DFND   375,000 0 0
CORECIVIC INC COM 21871N101   6,468,805 703,131 SH   DFND   703,131 0 0
DENBURY INC COM 24790A101   8,763,000 100,000 SH   DFND   100,000 0 0
DENTSPLY SIRONA INC COM 24906P109   9,181,739 233,751 SH   DFND   233,751 0 0
DOUGLAS DYNAMICS INC COM 25960R105   7,482,670 234,640 SH   DFND   234,640 0 0
DRIL-QUIP INC COM 262037104   18,661,411 650,450 SH   DFND   639,250 0 11,200
ENCOMPASS HEALTH CORP COM 29261A100   27,331,536 505,204 SH   DFND   505,204 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104   10,766,968 422,234 SH   DFND   422,234 0 0
ENVELA CORP COM 29402E102   1,562,522 240,388 SH   DFND   240,388 0 0
EOG RES INC COM 26875P101   2,591,097 22,604 SH   DFND   22,604 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   16,638,021 803,381 SH   DFND   803,381 0 0
ESSEX PPTY TR INC COM 297178105   13,286,664 63,530 SH   DFND   63,530 0 0
EVERI HLDGS INC COM 30034T103   5,145,000 300,000 SH   DFND   300,000 0 0
EVERTEC INC COM 30040P103   8,231,625 243,900 SH   DFND   229,300 0 14,600
EXELON CORP COM 30161N101   1,847,391 44,101 SH   DFND   44,101 0 0
EXPEDIA GROUP INC COM NEW 30212P303   3,886,731 40,057 SH   DFND   40,057 0 0
EZCORP INC CL A NON VTG 302301106   8,671,380 1,008,300 SH   DFND   933,800 0 74,500
FARMLAND PARTNERS INC COM 31154R109   6,690,518 625,282 SH   DFND   625,282 0 0
FIRST INTERNET BANCORP COM 320557101   6,216,278 373,350 SH   DFND   352,050 0 21,300
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201   15,914,634 532,975 SH   DFND   519,275 0 13,700
FIRSTENERGY CORP COM 337932107   12,872,840 321,339 SH   DFND   321,339 0 0
FLOWSERVE CORP COM 34354P105   19,118,744 562,316 SH   DFND   562,316 0 0
FMC CORP COM NEW 302491303   10,252,081 83,944 SH   DFND   83,944 0 0
FORESTAR GROUP INC COM 346232101   9,237,972 593,700 SH   DFND   552,050 0 41,650
FREEPORT-MCMORAN INC CL B 35671D857   1,845,573 45,113 SH   DFND   45,113 0 0
GENPACT LIMITED SHS G3922B107   1,892,755 40,951 SH   DFND   40,951 0 0
GLACIER BANCORP INC NEW COM 37637Q105   10,951,293 260,683 SH   DFND   260,683 0 0
GRAND CANYON ED INC COM 38526M106   2,389,280 20,977 SH   DFND   20,977 0 0
GRANITE CONSTR INC COM 387328107   12,851,837 312,849 SH   DFND   312,849 0 0
HAEMONETICS CORP MASS COM 405024100   27,182,630 328,491 SH   DFND   328,491 0 0
HANOVER INS GROUP INC COM 410867105   17,988,073 139,985 SH   DFND   139,985 0 0
HARVARD BIOSCIENCE INC COM 416906105   5,040,000 1,200,000 SH   DFND   1,200,000 0 0
HEALTHCARE SVCS GROUP INC COM 421906108   8,676,184 625,536 SH   DFND   625,536 0 0
HEALTHSTREAM INC COM 42222N103   13,975,931 515,717 SH   DFND   515,717 0 0
HEARTLAND EXPRESS INC COM 422347104   7,881,626 495,077 SH   DFND   495,077 0 0
HERITAGE FINL CORP WASH COM 42722X106   7,432,220 347,300 SH   DFND   336,100 0 11,200
HOWMET AEROSPACE INC COM 443201108   1,621,839 38,278 SH   DFND   38,278 0 0
HUDSON GLOBAL INC COM NEW 443787205   6,713,648 301,466 SH   DFND   287,626 0 13,840
HUNT J B TRANS SVCS INC COM 445658107   9,974,375 56,847 SH   DFND   56,847 0 0
I3 VERTICALS INC COM CL A 46571Y107   9,812,000 400,000 SH   DFND   400,000 0 0
INDEPENDENT BK CORP MASS COM 453836108   6,856,831 104,493 SH   DFND   104,493 0 0
INFUSYSTEM HLDGS INC COM 45685K102   3,487,500 450,000 SH   DFND   450,000 0 0
INGREDION INC COM 457187102   9,897,515 97,292 SH   DFND   97,292 0 0
INTEGER HLDGS CORP COM 45826H109   5,037,500 65,000 SH   DFND   65,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   15,567,514 188,560 SH   DFND   188,560 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106   5,812,948 701,200 SH   DFND   649,800 0 51,400
JOHNSON & JOHNSON COM 478160104   4,868,705 31,411 SH   DFND   31,411 0 0
KENNAMETAL INC COM 489170100   11,187,772 405,648 SH   DFND   405,648 0 0
KIMBERLY-CLARK CORP COM 494368103   15,291,953 113,932 SH   DFND   113,932 0 0
KIRBY CORP COM 497266106   8,062,129 115,669 SH   DFND   115,669 0 0
KNOWLES CORP COM 49926D109   8,861,930 521,290 SH   DFND   521,290 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   6,249,019 62,559 SH   DFND   62,559 0 0
LIFECORE BIOMEDICAL INC COM 514766104   1,887,500 500,000 SH   DFND   500,000 0 0
LINCOLN EDL SVCS CORP COM 533535100   11,703,007 2,067,669 SH   DFND   1,993,006 0 74,663
LINDE PLC SHS G54950103   952,224 2,679 SH   DFND   2,679 0 0
LUXFER HLDGS PLC SHS G5698W116   2,535,000 150,000 SH   DFND   150,000 0 0
M D C HLDGS INC COM 552676108   11,146,983 286,776 SH   DFND   286,776 0 0
MARKEL CORP COM 570535104   3,970,190 3,108 SH   DFND   3,108 0 0
MARTEN TRANS LTD COM 573075108   3,142,500 150,000 SH   DFND   150,000 0 0
MDU RES GROUP INC COM 552690109   12,192,000 400,000 SH   DFND   400,000 0 0
METHODE ELECTRS INC COM 591520200   12,589,611 286,910 SH   DFND   286,910 0 0
MGIC INVT CORP WIS COM 552848103   6,710,000 500,000 SH   DFND   500,000 0 0
MICRON TECHNOLOGY INC COM 595112103   9,653,133 159,979 SH   DFND   159,979 0 0
MOHAWK INDS INC COM 608190104   9,569,707 95,487 SH   DFND   95,487 0 0
MONRO INC COM 610236101   11,593,608 234,546 SH   DFND   234,546 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   6,475,900 155,000 SH   DFND   144,750 0 10,250
NORTHERN TR CORP COM 665859104   10,978,530 124,572 SH   DFND   124,572 0 0
NORTHWEST PIPE CO COM 667746101   13,869,243 444,100 SH   DFND   427,100 0 17,000
NOV INC COM 62955J103   34,079,779 1,841,155 SH   DFND   1,829,755 0 11,400
NOW INC COM 67011P100   10,942,276 981,370 SH   DFND   934,770 0 46,600
OIL DRI CORP AMER COM 677864100   9,264,009 222,639 SH   DFND   222,639 0 0
OLD REP INTL CORP COM 680223104   12,780,919 511,851 SH   DFND   511,851 0 0
ORACLE CORP COM 68389X105   3,296,709 35,479 SH   DFND   35,479 0 0
ORION ENERGY SYS INC COM 686275108   2,777,954 1,368,450 SH   DFND   1,208,450 0 160,000
ORION ENGINEERED CARBONS S A COM L72967109   7,380,861 282,900 SH   DFND   271,800 0 11,100
OSISKO GOLD ROYALTIES LTD COM 68827L101   11,446,640 723,555 SH   DFND   682,155 0 41,400
PACKAGING CORP AMER COM 695156109   9,565,526 68,901 SH   DFND   68,901 0 0
PARK AEROSPACE CORP COM 70014A104   11,918,838 886,159 SH   DFND   886,159 0 0
PATTERSON COS INC COM 703395103   10,778,941 402,650 SH   DFND   385,150 0 17,500
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203   7,990,374 678,300 SH   DFND   625,000 0 53,300
PERRIGO CO PLC SHS G97822103   26,953,973 751,435 SH   DFND   725,735 0 25,700
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106   11,182,052 729,899 SH   DFND   729,899 0 0
PHOTRONICS INC COM 719405102   10,154,007 612,425 SH   DFND   574,275 0 38,150
PIONEER NAT RES CO COM 723787107   6,506,882 31,859 SH   DFND   31,859 0 0
PNC FINL SVCS GROUP INC COM 693475105   5,049,937 39,732 SH   DFND   39,732 0 0
PORTLAND GEN ELECTRIC CO COM NEW 736508847   12,755,303 260,898 SH   DFND   260,898 0 0
POTBELLY CORP COM 73754Y100   7,370,384 884,800 SH   DFND   854,800 0 30,000
POTLATCHDELTIC CORPORATION COM 737630103   20,433,798 412,804 SH   DFND   412,804 0 0
POWELL INDS INC COM 739128106   20,879,747 490,250 SH   DFND   490,250 0 0
PPG INDS INC COM 693506107   15,344,067 114,868 SH   DFND   114,868 0 0
PRIMO WATER CORPORATION COM 74167P108   12,667,588 825,250 SH   DFND   782,550 0 42,700
PURE CYCLE CORP COM NEW 746228303   5,451,233 576,850 SH   DFND   550,450 0 26,400
QORVO INC COM 74736K101   17,694,103 174,206 SH   DFND   174,206 0 0
QUEST DIAGNOSTICS INC COM 74834L100   13,041,343 92,178 SH   DFND   92,178 0 0
RADIAN GROUP INC COM 750236101   18,629,195 842,950 SH   DFND   810,950 0 32,000
RENAISSANCERE HLDGS LTD COM G7496G103   4,809,562 24,007 SH   DFND   24,007 0 0
ROGERS CORP COM 775133101   4,085,750 25,000 SH   DFND   25,000 0 0
ROYAL GOLD INC COM 780287108   14,877,478 114,698 SH   DFND   114,698 0 0
SCHNITZER STEEL INDS INC CL A 806882106   9,716,853 312,439 SH   DFND   312,439 0 0
SEACOAST BKG CORP FLA COM NEW 811707801   12,355,544 521,331 SH   DFND   521,331 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100   7,982,834 104,269 SH   DFND   104,269 0 0
SHYFT GROUP INC COM 825698103   12,619,425 554,700 SH   DFND   536,500 0 18,200
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108   6,552,000 100,000 SH   DFND   100,000 0 0
SIMPSON MFG INC COM 829073105   1,109,447 10,119 SH   DFND   10,119 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   7,769,101 65,851 SH   DFND   65,851 0 0
SMITH A O CORP COM 831865209   12,284,567 177,651 SH   DFND   177,651 0 0
STARBUCKS CORP COM 855244109   1,894,749 18,196 SH   DFND   18,196 0 0
STERLING INFRASTRUCTURE INC COM 859241101   2,083,400 55,000 SH   DFND   55,000 0 0
SUNCOR ENERGY INC NEW COM 867224107   1,827,044 58,842 SH   DFND   58,842 0 0
SUNOPTA INC COM 8676EP108   4,620,000 600,000 SH   DFND   600,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   13,216,476 1,337,700 SH   DFND   1,293,700 0 44,000
TE CONNECTIVITY LTD REG SHS H84989104   2,432,833 18,550 SH   DFND   18,550 0 0
TERADATA CORP DEL COM 88076W103   20,260,397 502,989 SH   DFND   502,989 0 0
TEXAS CAP BANKSHARES INC COM 88224Q107   33,666,365 687,630 SH   DFND   679,530 0 8,100
THERMON GROUP HLDGS INC COM 88362T103   9,227,876 370,300 SH   DFND   345,800 0 24,500
THOR INDS INC COM 885160101   11,257,512 141,355 SH   DFND   141,355 0 0
TIPTREE INC COM 88822Q103   4,371,000 300,000 SH   DFND   300,000 0 0
TOOTSIE ROLL INDS INC COM 890516107   5,383,653 119,877 SH   DFND   119,877 0 0
TREEHOUSE FOODS INC COM 89469A104   22,610,391 448,352 SH   DFND   448,352 0 0
TRICO BANCSHARES COM 896095106   8,318,000 200,000 SH   DFND   200,000 0 0
TWIN DISC INC COM 901476101   3,812,000 400,000 SH   DFND   400,000 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   1,156,670 22,308 SH   DFND   22,308 0 0
UMH PPTYS INC COM 903002103   8,759,378 592,250 SH   DFND   560,850 0 31,400
UNILEVER PLC SPON ADR NEW 904767704   3,262,918 62,833 SH   DFND   62,833 0 0
WATSCO INC COM 942622200   10,716,901 33,684 SH   DFND   33,684 0 0
WELLS FARGO CO NEW COM 949746101   1,550,635 41,483 SH   DFND   41,483 0 0
WIDEOPENWEST INC COM 96758W101   5,951,206 559,850 SH   DFND   506,050 0 53,800
WISDOMTREE TR INTL SMCAP DIV 97717W760   2,293,660 37,638 SH   DFND   37,638 0 0