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   10,320,323 2,666,750 SH   DFND   2,452,750 0 214,000
ACTIVISION BLIZZARD INC COM 00507V109   9,756,798 115,739 SH   DFND   115,739 0 0
ADVANCED ENERGY INDS COM 007973100   2,786,250 25,000 SH   DFND   25,000 0 0
ALLETE, INC. COM NEW 018522300   11,594,000 200,000 SH   DFND   200,000 0 0
ALPHABET INC CAP STK CL A 02079K305   4,224,931 35,296 SH   DFND   35,296 0 0
ALPINE INCOME PPTY TR INC COM 02083X103   6,500,000 400,000 SH   DFND   400,000 0 0
AMERICAN VANGUARD CORP COM 030371108   12,311,304 688,937 SH   DFND   688,937 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   2,626,604 81,319 SH   DFND   81,319 0 0
ANGIODYNAMICS INC COM 03475V101   4,899,284 469,730 SH   DFND   469,730 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108   11,284,053 287,053 SH   DFND   287,053 0 0
ASSOCIATED BANC CORP COM 045487105   6,492,000 400,000 SH   DFND   400,000 0 0
ASTEC INDS INC COM 046224101   8,300,479 182,669 SH   DFND   182,669 0 0
ATN INTL INC COM 00215F107   9,551,136 260,960 SH   DFND   260,960 0 0
AUDIOCODES LTD. ORD M15342104   2,120,899 232,300 SH   DFND   187,400 0 44,900
AVANOS MED INC COM 05350V106   14,674,302 574,112 SH   DFND   574,112 0 0
BALL CORP COM 058498106   6,221,485 106,880 SH   DFND   106,880 0 0
BARRETT BUSINESS SVCS INC COM 068463108   11,772,000 135,000 SH   DFND   135,000 0 0
BECTON DICKINSON & CO COM 075887109   3,838,177 14,538 SH   DFND   14,538 0 0
BENCHMARK ELECTRS INC COM 08160H101   7,103,250 275,000 SH   DFND   257,800 0 17,200
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702   4,104,617 12,037 SH   DFND   12,037 0 0
BERRY CORP COM 08579X101   7,792,288 1,132,600 SH   DFND   1,087,700 0 44,900
BOSTON BEER INC CL A 100557107   1,351,276 4,381 SH   DFND   4,381 0 0
BWX TECHNOLOGIES INC COM 05605H100   13,113,127 183,221 SH   DFND   183,221 0 0
CABLE ONE INC COM 12685J105   9,228,689 14,045 SH   DFND   14,045 0 0
CAL MAINE FOODS INC COM NEW 128030202   680,355 15,119 SH   DFND   15,119 0 0
CANADIAN NATL RY CO COM 136375102   1,226,560 10,131 SH   DFND   10,131 0 0
CANTALOUPE INC COM 138103106   7,164,000 900,000 SH   DFND   900,000 0 0
CAPITAL CITY BK GROUP INC COM 139674105   17,033,082 555,910 SH   DFND   536,760 0 19,150
CARMAX INC COM 143130102   18,928,169 226,143 SH   DFND   226,143 0 0
CARRIAGE SVCS INC COM 143905107   7,927,551 244,150 SH   DFND   229,150 0 15,000
CARTERS INC COM 146229109   19,512,266 268,764 SH   DFND   268,764 0 0
CASS INFORMATION SYS INC COM 14808P109   12,627,505 325,619 SH   DFND   325,619 0 0
CBOE GLOBAL MKTS INC COM 12503M108   1,189,370 8,618 SH   DFND   8,618 0 0
CECO ENVIRONMENTAL CORP COM 125141101   7,348,000 550,000 SH   DFND   550,000 0 0
CENTENE CORP DEL COM 15135B101   26,018,433 385,744 SH   DFND   385,744 0 0
CENTERRA GOLD INC COM 152006102   12,816,600 2,136,100 SH   DFND   2,024,400 0 111,700
CENTURY CMNTYS INC COM 156504300   16,942,061 221,118 SH   DFND   221,118 0 0
CHAMPIONX CORPORATION COM 15872M104   7,290,148 234,863 SH   DFND   234,863 0 0
CHASE CORP COM 16150R104   3,531,260 29,131 SH   DFND   29,131 0 0
CISCO SYS INC COM 17275R102   2,081,500 40,230 SH   DFND   40,230 0 0
COMMUNITY TR BANCORP INC COM 204149108   607,927 17,091 SH   DFND   17,091 0 0
COMPUTER PROGRAMS & SYS INC COM 205306103   2,469,000 100,000 SH   DFND   100,000 0 0
COMSTOCK RES INC COM 205768302   15,138,928 1,305,080 SH   DFND   1,305,080 0 0
CONAGRA BRANDS INC COM 205887102   7,450,872 220,963 SH   DFND   220,963 0 0
CONSOLIDATED WATER CO INC ORD G23773107   9,692,000 400,000 SH   DFND   400,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109   16,536,127 180,624 SH   DFND   180,624 0 0
CORE MOLDING TECHNOLGIES INC COM 218683100   4,550,000 200,000 SH   DFND   200,000 0 0
CORECIVIC INC COM 21871N101   6,875,831 730,694 SH   DFND   730,694 0 0
DENBURY INC COM 24790A101   8,626,000 100,000 SH   DFND   100,000 0 0
DENTSPLY SIRONA INC COM 24906P109   10,155,115 253,751 SH   DFND   253,751 0 0
DOUGLAS DYNAMICS INC COM 25960R105   5,458,240 182,672 SH   DFND   182,672 0 0
DRIL-QUIP INC COM 262037104   17,286,446 742,864 SH   DFND   726,874 0 15,990
ENCOMPASS HEALTH CORP COM 29261A100   24,273,087 358,486 SH   DFND   358,486 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104   10,568,880 391,440 SH   DFND   391,440 0 0
ENVELA CORP COM 29402E102   1,769,256 240,388 SH   DFND   240,388 0 0
EOG RES INC COM 26875P101   2,618,387 22,880 SH   DFND   22,880 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   17,301,209 853,959 SH   DFND   853,959 0 0
ESSEX PPTY TR INC COM 297178105   20,362,779 86,909 SH   DFND   86,909 0 0
EVERI HLDGS INC COM 30034T103   4,338,000 300,000 SH   DFND   300,000 0 0
EVERTEC INC COM 30040P103   8,982,837 243,900 SH   DFND   229,300 0 14,600
EXELON CORP COM 30161N101   1,802,867 44,253 SH   DFND   44,253 0 0
EZCORP INC CL A NON VTG 302301106   8,449,554 1,008,300 SH   DFND   933,800 0 74,500
FARMLAND PARTNERS INC COM 31154R109   7,647,208 626,307 SH   DFND   626,307 0 0
FIRST AMERN FINL CORP COM 31847R102   14,416,538 252,833 SH   DFND   252,833 0 0
FIRST INTERNET BANCORP COM 320557101   3,712,500 250,000 SH   DFND   250,000 0 0
FIRST INTST BANCSYSTEM INC COM 32055Y201   4,970,640 208,500 SH   DFND   188,500 0 20,000
FIRSTENERGY CORP COM 337932107   19,564,260 503,196 SH   DFND   503,196 0 0
FLOWSERVE CORP COM 34354P105   20,412,290 549,456 SH   DFND   549,456 0 0
FMC CORP COM NEW 302491303   13,579,329 130,145 SH   DFND   130,145 0 0
FORESTAR GROUP INC COM 346232101   12,827,568 568,850 SH   DFND   537,200 0 31,650
GLACIER BANCORP INC NEW COM 37637Q105   17,933,005 575,329 SH   DFND   575,329 0 0
GRAND CANYON ED INC COM 38526M106   2,167,720 21,003 SH   DFND   21,003 0 0
GRANITE CONSTR INC COM 387328107   13,495,206 339,246 SH   DFND   339,246 0 0
HAEMONETICS CORP MASS COM 405024100   24,066,268 282,667 SH   DFND   282,667 0 0
HANOVER INS GROUP INC COM 410867105   12,977,992 114,819 SH   DFND   114,819 0 0
HARVARD BIOSCIENCE INC COM 416906105   4,666,500 850,000 SH   DFND   850,000 0 0
HASBRO INC COM 418056107   8,922,132 137,751 SH   DFND   137,751 0 0
HEALTHCARE SVCS GROUP INC COM 421906108   17,737,422 1,188,039 SH   DFND   1,151,339 0 36,700
HEALTHSTREAM INC COM 42222N103   15,123,336 615,771 SH   DFND   615,771 0 0
HEARTLAND EXPRESS INC COM 422347104   9,421,194 574,113 SH   DFND   574,113 0 0
HERITAGE FINL CORP WASH COM 42722X106   7,232,841 447,300 SH   DFND   436,100 0 11,200
HOWMET AEROSPACE INC COM 443201108   1,417,664 28,605 SH   DFND   28,605 0 0
HUDSON GLOBAL INC COM NEW 443787205   6,490,563 301,466 SH   DFND   287,626 0 13,840
HUNT J B TRANS SVCS INC COM 445658107   14,865,278 82,115 SH   DFND   82,115 0 0
I3 VERTICALS INC COM CL A 46571Y107   11,707,749 512,150 SH   DFND   490,950 0 21,200
INFUSYSTEM HLDGS INC COM 45685K102   4,092,750 425,000 SH   DFND   425,000 0 0
INGREDION INC COM 457187102   11,584,997 109,344 SH   DFND   109,344 0 0
INTEGER HLDGS CORP COM 45826H109   6,645,750 75,000 SH   DFND   75,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   14,472,954 174,226 SH   DFND   174,226 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106   6,662,088 745,200 SH   DFND   678,200 0 67,000
JOHNSON & JOHNSON COM 478160104   5,228,777 31,590 SH   DFND   31,590 0 0
KENNAMETAL INC COM 489170100   15,929,941 561,111 SH   DFND   561,111 0 0
KIMBERLY-CLARK CORP COM 494368103   3,745,430 27,129 SH   DFND   27,129 0 0
KIRBY CORP COM 497266106   10,535,917 136,919 SH   DFND   136,919 0 0
KNIFE RIVER CORP COMMON STOCK 498894104   4,350,000 100,000 SH   DFND   100,000 0 0
KNOWLES CORP COM 49926D109   9,425,893 521,921 SH   DFND   521,921 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   5,180,155 52,193 SH   DFND   52,193 0 0
LINCOLN EDL SVCS CORP COM 533535100   13,932,018 2,067,065 SH   DFND   1,992,402 0 74,663
LUXFER HLDGS PLC SHS G5698W116   2,490,250 175,000 SH   DFND   175,000 0 0
M D C HLDGS INC COM 552676108   7,322,966 156,574 SH   DFND   156,574 0 0
MAMAMANCINI S HLDGS INC COM 56146T103   2,869,000 950,000 SH   DFND   950,000 0 0
MARKEL GROUP INC COM 570535104   4,298,923 3,108 SH   DFND   3,108 0 0
MARTEN TRANS LTD COM 573075108   3,225,000 150,000 SH   DFND   150,000 0 0
METHODE ELECTRS INC COM 591520200   9,622,084 287,055 SH   DFND   287,055 0 0
MGIC INVT CORP WIS COM 552848103   7,895,000 500,000 SH   DFND   500,000 0 0
MICRON TECHNOLOGY INC COM 595112103   10,147,394 160,789 SH   DFND   160,789 0 0
MOHAWK INDS INC COM 608190104   24,235,276 234,929 SH   DFND   229,929 0 5,000
MONRO INC. COM 610236101   9,966,539 245,300 SH   DFND   245,300 0 0
NATIONAL FUEL GAS CO COM 636180101   14,325,588 278,925 SH   DFND   268,925 0 10,000
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   9,472,889 271,975 SH   DFND   256,075 0 15,900
NORTHERN TR CORP COM 665859104   12,788,779 172,495 SH   DFND   172,495 0 0
NORTHWEST PIPE CO COM 667746101   13,908,888 459,950 SH   DFND   438,550 0 21,400
NOV INC COM 62955J103   41,937,318 2,614,546 SH   DFND   2,576,146 0 38,400
NOW INC COM 67011P100   10,172,484 981,900 SH   DFND   935,300 0 46,600
OIL DRI CORP AMER COM 677864100   12,621,501 213,960 SH   DFND   213,960 0 0
OLD REP INTL CORP COM 680223104   13,870,205 551,061 SH   DFND   551,061 0 0
ORACLE CORP COM 68389X105   1,575,323 13,228 SH   DFND   13,228 0 0
ORION ENERGY SYS INC COM 686275108   2,052,089 1,258,950 SH   DFND   1,124,150 0 134,800
ORION S.A. COM L72967109   6,107,116 287,800 SH   DFND   272,000 0 15,800
OSISKO GOLD ROYALTIES LTD COM 68827L101   6,148,000 400,000 SH   DFND   400,000 0 0
PACKAGING CORP AMER COM 695156109   13,682,789 103,532 SH   DFND   103,532 0 0
PARK AEROSPACE CORP COM 70014A104   12,316,279 892,484 SH   DFND   892,484 0 0
PATTERSON COS INC COM 703395103   13,568,417 407,950 SH   DFND   388,550 0 19,400
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203   5,825,790 530,582 SH   DFND   519,833 0 10,749
PERRIGO CO PLC SHS G97822103   32,583,411 959,747 SH   DFND   934,047 0 25,700
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106   10,010,439 730,689 SH   DFND   730,689 0 0
PHOTRONICS INC COM 719405102   7,737,000 300,000 SH   DFND   300,000 0 0
PIONEER NAT RES CO COM 723787107   12,610,839 60,869 SH   DFND   60,869 0 0
PNC FINL SVCS GROUP INC COM 693475105   13,348,685 105,984 SH   DFND   105,984 0 0
PORTLAND GEN ELECTRIC CO COM NEW 736508847   12,220,663 260,958 SH   DFND   260,958 0 0
POTBELLY CORP COM 73754Y100   8,445,482 961,900 SH   DFND   908,400 0 53,500
POTLATCHDELTIC CORPORATION COM 737630103   24,041,465 454,900 SH   DFND   454,900 0 0
POWELL INDS INC COM 739128106   21,819,611 360,119 SH   DFND   360,119 0 0
PPG INDS INC COM 693506107   20,588,637 138,831 SH   DFND   138,831 0 0
PRIMO WATER CORPORATION COM 74167P108   10,548,962 841,225 SH   DFND   792,225 0 49,000
PURE CYCLE CORP COM NEW 746228303   6,351,950 577,450 SH   DFND   551,050 0 26,400
QORVO INC COM 74736K101   19,231,737 188,491 SH   DFND   188,491 0 0
QUEST DIAGNOSTICS INC COM 74834L100   19,702,998 140,175 SH   DFND   140,175 0 0
RADIAN GROUP INC COM 750236101   15,433,314 610,495 SH   DFND   595,045 0 15,450
REYNOLDS CONSUMER PRODS INC COM 76171L106   3,686,089 130,481 SH   DFND   130,481 0 0
ROYAL GOLD INC COM 780287108   12,579,888 109,600 SH   DFND   109,600 0 0
SCHNITZER STEEL INDS INC CL A 806882106   9,704,404 323,588 SH   DFND   323,588 0 0
SEACOAST BKG CORP FLA COM NEW 811707801   12,687,898 574,113 SH   DFND   574,113 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100   9,281,825 130,491 SH   DFND   130,491 0 0
SHYFT GROUP INC COM 825698103   12,236,682 554,700 SH   DFND   536,500 0 18,200
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108   10,779,000 150,000 SH   DFND   150,000 0 0
SIMPSON MFG INC COM 829073105   1,398,989 10,101 SH   DFND   10,101 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   11,410,368 103,084 SH   DFND   103,084 0 0
SMITH A O CORP COM 831865209   6,194,160 85,108 SH   DFND   85,108 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105   10,183,886 130,479 SH   DFND   130,479 0 0
STARBUCKS CORP COM 855244109   1,808,340 18,255 SH   DFND   18,255 0 0
STERICYCLE INC COM 858912108   13,002,596 279,987 SH   DFND   279,987 0 0
STEWART INFORMATION SVCS COR COM 860372101   7,610,900 185,000 SH   DFND   185,000 0 0
SUNCOR ENERGY INC NEW COM 867224107   1,731,786 59,065 SH   DFND   59,065 0 0
SUNOPTA INC COM 8676EP108   4,683,000 700,000 SH   DFND   700,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   12,525,524 1,237,700 SH   DFND   1,193,700 0 44,000
TE CONNECTIVITY LTD SHS H84989104   6,444,837 45,982 SH   DFND   45,982 0 0
TERADATA CORP DEL COM 88076W103   23,605,778 441,973 SH   DFND   441,973 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   39,442,460 765,873 SH   DFND   757,773 0 8,100
THERMON GROUP HLDGS INC COM 88362T103   9,849,980 370,300 SH   DFND   345,800 0 24,500
THOR INDS INC COM 885160101   15,653,237 151,239 SH   DFND   151,239 0 0
TIPTREE INC COM 88822Q103   5,253,500 350,000 SH   DFND   350,000 0 0
TREEHOUSE FOODS INC COM 89469A104   15,776,447 313,149 SH   DFND   313,149 0 0
TRICO BANCSHARES COM 896095106   6,640,000 200,000 SH   DFND   200,000 0 0
TWIN DISC INC COM 901476101   4,504,000 400,000 SH   DFND   400,000 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   750,575 14,813 SH   DFND   14,813 0 0
UMH PPTYS INC COM 903002103   9,472,145 592,750 SH   DFND   560,850 0 31,900
UNILEVER PLC SPON ADR NEW 904767704   3,277,934 62,880 SH   DFND   62,880 0 0
VICOR CORP COM 925815102   3,946,158 73,077 SH   DFND   73,077 0 0
WATSCO INC COM 942622200   11,174,782 29,294 SH   DFND   29,294 0 0
WELLS FARGO CO NEW COM 949746101   1,777,238 41,641 SH   DFND   41,641 0 0
WESTROCK CO COM 96145D105   8,721,000 300,000 SH   DFND   300,000 0 0
WIDEOPENWEST INC COM 96758W101   4,303,134 509,850 SH   DFND   456,050 0 53,800
WISDOMTREE TR INTL SMCAP DIV 97717W760   1,792,005 30,138 SH   DFND   30,138 0 0