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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AAR CORP COM 000361105 8,059 231,849 SH   SOLE   176,688 0 55,161
ABBOTT LABS COM 002824100 39,846 819,712 SH   SOLE   409,509 0 410,203
ABBVIE INC COM 00287Y109 43,816 604,272 SH   SOLE   301,410 0 302,862
ACETO CORP COM 004446100 19,915 1,288,994 SH   SOLE   1,288,994 0 0
ACUSHNET HOLDINGS CORP COM 005098108 24,344 1,227,006 SH   SOLE   851,314 0 375,692
ADAMS RES & ENERGY INC COM NEW 006351308 4,009 97,598 SH   SOLE   97,598 0 0
ADTRAN INC COM 00738A106 5,559 269,198 SH   SOLE   232,695 0 36,503
ALON USA ENERGY INC COM 020520102 7,871 590,936 SH   SOLE   590,936 0 0
ANDERSONS INC COM 034164103 23,313 682,678 SH   SOLE   531,966 0 150,712
ANNALY CAP MGMT INC COM 035710409 1,595 132,400 SH Put SOLE   132,400 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 6,878 531,112 SH   SOLE   531,112 0 0
AT&T INC COM 00206R102 45,152 1,196,714 SH   SOLE   583,239 0 613,475
B & G FOODS INC NEW COM 05508R106 26,312 739,111 SH   SOLE   515,629 0 223,482
BALDWIN & LYONS INC CL B 057755209 6,603 269,498 SH   SOLE   269,498 0 0
BANC OF CALIFORNIA INC COM 05990K106 13,174 612,742 SH   SOLE   612,742 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 1,756 39,410 SH   SOLE   39,410 0 0
BANKFINANCIAL CORP COM 06643P104 9,195 616,312 SH   SOLE   616,312 0 0
BARRETT BILL CORP COM 06846N104 873 284,500 SH   SOLE   284,500 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 657 26,400 SH   SOLE   26,400 0 0
BB&T CORP COM 054937107 51,612 1,136,576 SH   SOLE   561,828 0 574,748
BEMIS INC COM 081437105 35,317 763,621 SH   SOLE   395,133 0 368,488
BENEFICIAL BANCORP INC COM 08171T102 8,432 562,116 SH   SOLE   562,116 0 0
BLOOMIN BRANDS INC COM 094235108 1,429 67,319 SH   SOLE   67,319 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 14,289 815,132 SH   SOLE   565,545 0 249,587
BROOKLINE BANCORP INC DEL COM 11373M107 12,783 875,543 SH   SOLE   686,243 0 189,300
BRYN MAWR BK CORP COM 117665109 8,550 201,179 SH   SOLE   201,179 0 0
CABOT CORP COM 127055101 27,643 517,363 SH   SOLE   255,593 0 261,770
CABOT MICROELECTRONICS CORP COM 12709P103 396 5,361 SH   SOLE   2,447 0 2,914
CALGON CARBON CORP COM 129603106 11,562 765,682 SH   SOLE   765,682 0 0
CAPITAL CITY BK GROUP INC COM 139674105 1,953 95,657 SH   SOLE   95,657 0 0
CARDINAL HEALTH INC COM 14149Y108 38,749 497,292 SH   SOLE   244,231 0 253,061
CARPENTER TECHNOLOGY CORP COM 144285103 33,665 899,408 SH   SOLE   649,587 0 249,821
CATCHMARK TIMBER TR INC CL A 14912Y202 17,151 1,508,471 SH   SOLE   1,508,471 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 8,888 1,832,679 SH   SOLE   1,832,679 0 0
CENTERPOINT ENERGY INC COM 15189T107 23,964 875,250 SH   SOLE   449,383 0 425,867
CHEVRON CORP NEW COM 166764100 58,357 559,354 SH   SOLE   263,368 0 295,986
CHICOS FAS INC COM 168615102 1,074 114,064 SH   SOLE   114,064 0 0
CISCO SYS INC COM 17275R102 25,593 817,678 SH   SOLE   415,478 0 402,200
CITIGROUP INC COM NEW 172967424 1,003 15,000 SH   SOLE   15,000 0 0
CLUBCORP HLDGS INC COM 18948M108 41,134 3,140,001 SH   SOLE   2,419,179 0 720,822
CNOOC LTD SPONSORED ADR 126132109 2,437 22,270 SH   SOLE   22,270 0 0
COCA COLA CO COM 191216100 42,529 948,252 SH   SOLE   471,082 0 477,170
COCA COLA EUROPEAN PARTNERS SHS G25839104 21,555 530,001 SH   SOLE   287,693 0 242,308
CODORUS VY BANCORP INC COM 192025104 2,232 78,584 SH   SOLE   78,584 0 0
COHEN & STEERS INC COM 19247A100 11,580 285,645 SH   SOLE   212,061 0 73,584
COHU INC COM 192576106 9,252 587,828 SH   SOLE   511,398 0 76,430
COLUMBIA BKG SYS INC COM 197236102 5,568 139,728 SH   SOLE   106,386 0 33,342
COLUMBIA SPORTSWEAR CO COM 198516106 25,686 442,397 SH   SOLE   321,604 0 120,793
COMMERCIAL METALS CO COM 201723103 36,922 1,900,269 SH   SOLE   1,019,292 0 880,977
COMPASS MINERALS INTL INC COM 20451N101 37,877 580,049 SH   SOLE   415,071 0 164,978
CONOCOPHILLIPS COM 20825C104 44,321 1,008,216 SH   SOLE   512,115 0 496,101
COOPER TIRE & RUBR CO COM 216831107 1,060 29,354 SH   SOLE   29,354 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1,088 31,050 SH   SOLE   31,050 0 0
COUSINS PPTYS INC COM 222795106 1,052 119,721 SH   SOLE   119,721 0 0
COVANTA HLDG CORP COM 22282E102 27,672 2,096,392 SH   SOLE   1,481,581 0 614,811
CREDICORP LTD COM G2519Y108 1,231 6,860 SH   SOLE   6,860 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 329 22,500 SH   SOLE   22,500 0 0
CULLEN FROST BANKERS INC COM 229899109 25,763 274,340 SH   SOLE   145,223 0 129,117
CVS HEALTH CORP COM 126650100 42,537 528,674 SH   SOLE   261,280 0 267,394
CYPRESS SEMICONDUCTOR CORP COM 232806109 22,824 1,672,103 SH   SOLE   886,485 0 785,618
DELEK US HLDGS INC COM 246647101 36,643 1,385,897 SH   SOLE   990,535 0 395,362
DEVON ENERGY CORP NEW COM 25179M103 256 8,000 SH   SOLE   8,000 0 0
DHX MEDIA LTD SHS VAR VTG 252406608 619 140,000 SH   SOLE   140,000 0 0
DIEBOLD NXDF INC COM 253651103 78,260 2,794,986 SH   SOLE   1,981,591 0 813,395
DONEGAL GROUP INC CL A 257701201 4,319 271,606 SH   SOLE   271,606 0 0
DUNKIN BRANDS GROUP INC COM 265504100 24,520 444,853 SH   SOLE   232,648 0 212,205
EAGLE BANCORP MONT INC COM 26942G100 3,176 175,457 SH   SOLE   175,457 0 0
EASTMAN CHEM CO COM 277432100 35,739 425,514 SH   SOLE   220,773 0 204,741
EATON CORP PLC SHS G29183103 29,590 380,186 SH   SOLE   205,612 0 174,574
ECOPETROL S A SPONSORED ADS 279158109 1,167 128,340 SH   SOLE   128,340 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 17,991 464,292 SH   SOLE   321,736 0 142,556
EMERGE ENERGY SVCS LP COM REP PARTN 29102H108 144 16,000 SH   SOLE   16,000 0 0
EMERSON ELEC CO COM 291011104 53,498 897,319 SH   SOLE   418,578 0 478,741
ENTERPRISE FINL SVCS CORP COM 293712105 4,953 121,389 SH   SOLE   121,389 0 0
ENTRAVISION COMMUNICATIONS C CL A 29382R107 9,940 1,506,104 SH   SOLE   1,506,104 0 0
EVEREST RE GROUP LTD COM G3223R108 16,724 65,689 SH   SOLE   38,593 0 27,096
EXXON MOBIL CORP COM 30231G102 58,949 730,195 SH   SOLE   332,531 0 397,664
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 579 148,500 SH   SOLE   148,500 0 0
FEDERAL SIGNAL CORP COM 313855108 727 41,901 SH   SOLE   41,901 0 0
FERROGLOBE PLC SHS G33856108 32,192 2,693,853 SH   SOLE   1,905,453 0 788,400
FIFTH THIRD BANCORP COM 316773100 40,173 1,547,509 SH   SOLE   762,444 0 785,065
FIRST BANCORP INC ME COM 31866P102 1,488 54,998 SH   SOLE   54,998 0 0
FIRST HORIZON NATL CORP COM 320517105 21,046 1,208,139 SH   SOLE   847,605 0 360,534
FIRST MERCHANTS CORP COM 320817109 18,754 467,210 SH   SOLE   328,419 0 138,791
FIRST MIDWEST BANCORP DEL COM 320867104 18,009 772,574 SH   SOLE   536,347 0 236,227
FLIR SYS INC COM 302445101 34,373 991,707 SH   SOLE   709,215 0 282,492
FLOTEK INDS INC DEL COM 343389102 545 61,000 SH   SOLE   61,000 0 0
FLOWERS FOODS INC COM 343498101 29,579 1,708,776 SH   SOLE   1,211,928 0 496,848
FNB CORP PA COM 302520101 57,045 4,028,568 SH   SOLE   2,891,392 0 1,137,176
FORD MTR CO DEL COM PAR $0.01 345370860 31,767 2,838,912 SH   SOLE   1,327,332 0 1,511,580
FORWARD AIR CORP COM 349853101 20,101 377,265 SH   SOLE   265,694 0 111,571
GALLAGHER ARTHUR J & CO COM 363576109 25,668 448,346 SH   SOLE   233,146 0 215,200
GASTAR EXPL INC NEW COM 36729W202 936 1,011,084 SH   SOLE   1,011,084 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 9,133 558,606 SH   SOLE   558,606 0 0
GENERAL ELECTRIC CO COM 369604103 43,704 1,618,060 SH   SOLE   759,406 0 858,654
GENERAL MTRS CO COM 37045V100 25,409 727,430 SH   SOLE   366,730 0 360,700
GOLDMAN SACHS GROUP INC COM 38141G104 222 1,000 SH   SOLE   1,000 0 0
GRACE W R & CO DEL NEW COM 38388F108 1,316 18,270 SH   SOLE   18,270 0 0
GRAHAM CORP COM 384556106 5,355 272,400 SH   SOLE   272,400 0 0
GRANITE CONSTR INC COM 387328107 16,003 331,746 SH   SOLE   235,654 0 96,092
GREENHILL & CO INC COM 395259104 977 48,620 SH   SOLE   48,620 0 0
HANCOCK HLDG CO COM 410120109 1,629 33,251 SH   SOLE   33,251 0 0
HANOVER INS GROUP INC COM 410867105 29,028 327,524 SH   SOLE   230,176 0 97,348
HARMONY MERGER CORP COM 413247107 207 20,000 SH   SOLE   20,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 37,325 710,014 SH   SOLE   353,686 0 356,328
HAWKINS INC COM 420261109 1,966 42,423 SH   SOLE   42,423 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 642 17,694 SH   SOLE   17,694 0 0
HEALTHSOUTH CORP COM NEW 421924309 18,148 374,959 SH   SOLE   263,599 0 111,360
HELMERICH & PAYNE INC COM 423452101 32,627 600,415 SH   SOLE   313,974 0 286,441
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 163 15,000 SH   SOLE   15,000 0 0
HNI CORP COM 404251100 669 16,792 SH   SOLE   16,792 0 0
HONEYWELL INTL INC COM 438516106 38,217 286,717 SH   SOLE   146,112 0 140,605
HOPFED BANCORP INC COM 439734104 7,308 509,868 SH   SOLE   509,868 0 0
HORIZON BANCORP IND COM 440407104 1,855 70,412 SH   SOLE   70,412 0 0
HOST HOTELS & RESORTS INC COM 44107P104 34,872 1,908,721 SH   SOLE   1,007,662 0 901,059
HSN INC COM 404303109 24,586 770,711 SH   SOLE   543,207 0 227,504
HUNTSMAN CORP COM 447011107 22,937 887,670 SH   SOLE   447,731 0 439,939
HURCO COMPANIES INC COM 447324104 9,147 263,219 SH   SOLE   263,219 0 0
IBERIABANK CORP COM 450828108 53,288 653,846 SH   SOLE   466,318 0 187,528
ICICI BK LTD ADR 45104G104 3,433 382,729 SH   SOLE   288,679 0 94,050
INDEPENDENT BANK CORP MICH COM NEW 453838609 7,259 333,770 SH   SOLE   333,770 0 0
INTEL CORP COM 458140100 43,556 1,290,930 SH   SOLE   656,308 0 634,622
INTERFACE INC COM 458665304 21,685 1,103,587 SH   SOLE   797,635 0 305,952
INTERNATIONAL BUSINESS MACHS COM 459200101 36,572 237,743 SH   SOLE   113,279 0 124,464
INTL PAPER CO COM 460146103 36,969 653,042 SH   SOLE   329,484 0 323,558
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,281 115,930 SH   SOLE   115,930 0 0
ITT INC COM 45073V108 45,948 1,143,552 SH   SOLE   803,141 0 340,411
JABIL INC COM 466313103 559 19,165 SH   SOLE   19,165 0 0
JOHNSON & JOHNSON COM 478160104 29,722 224,672 SH   SOLE   112,642 0 112,030
JOHNSON CTLS INTL PLC SHS G51502105 34,507 795,829 SH   SOLE   432,381 0 363,448
JPMORGAN CHASE & CO COM 46625H100 51,188 560,048 SH   SOLE   278,142 0 281,906
KANSAS CITY SOUTHERN COM NEW 485170302 2,956 28,250 SH   SOLE   28,250 0 0
KBR INC COM 48242W106 60,359 3,965,786 SH   SOLE   2,839,198 0 1,126,588
KFORCE INC COM 493732101 14,027 715,659 SH   SOLE   715,659 0 0
KIMBALL INTL INC CL B 494274103 1,415 84,768 SH   SOLE   84,768 0 0
KLA-TENCOR CORP COM 482480100 14,347 156,781 SH   SOLE   79,641 0 77,140
KORN FERRY INTL COM NEW 500643200 34,808 1,008,062 SH   SOLE   702,170 0 305,892
LSI INDS INC COM 50216C108 8,765 968,555 SH   SOLE   968,555 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 18,811 1,470,731 SH   SOLE   1,470,731 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 17,600 208,557 SH   SOLE   108,287 0 100,270
M & T BK CORP COM 55261F104 20,491 126,525 SH   SOLE   64,088 0 62,437
MARATHON OIL CORP COM 565849106 1,497 126,360 SH   SOLE   126,360 0 0
MBIA INC COM 55262C100 792 84,000 SH   SOLE   84,000 0 0
MCGRATH RENTCORP COM 580589109 38,752 1,119,041 SH   SOLE   872,047 0 246,994
MERCK & CO INC COM 58933Y105 53,718 838,169 SH   SOLE   413,195 0 424,974
METLIFE INC COM 59156R108 29,899 544,204 SH   SOLE   267,965 0 276,239
MIDSOUTH BANCORP INC COM 598039105 6,453 549,160 SH   SOLE   549,160 0 0
MILLER HERMAN INC COM 600544100 23,145 761,335 SH   SOLE   548,175 0 213,160
MOBILE MINI INC COM 60740F105 26,502 887,833 SH   SOLE   615,815 0 272,018
MOELIS & CO CL A 60786M105 34,897 898,239 SH   SOLE   629,297 0 268,942
MORGAN STANLEY COM NEW 617446448 23,907 536,519 SH   SOLE   270,779 0 265,740
MOSAIC CO NEW COM 61945C103 17,768 778,270 SH   SOLE   393,267 0 385,003
MOVADO GROUP INC COM 624580106 10,666 422,414 SH   SOLE   422,414 0 0
MTS SYS CORP COM 553777103 5,555 107,234 SH   SOLE   107,234 0 0
MURPHY OIL CORP COM 626717102 49,699 1,939,105 SH   SOLE   1,028,966 0 910,139
NABORS INDUSTRIES LTD SHS G6359F103 22,787 2,799,399 SH   SOLE   1,969,339 0 830,060
NATIONAL BK HLDGS CORP CL A 633707104 995 30,038 SH   SOLE   30,038 0 0
NATIONAL FUEL GAS CO N J COM 636180101 29,595 529,992 SH   SOLE   276,878 0 253,114
NETEASE INC SPONSORED ADR 64110w102 3,406 11,330 SH   SOLE   8,660 0 2,670
NEVSUN RES LTD COM 64156L101 561 232,720 SH   SOLE   232,720 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 26,909 2,049,395 SH   SOLE   1,069,272 0 980,123
NEWFIELD EXPL CO COM 651290108 299 10,500 SH   SOLE   10,500 0 0
NEXTERA ENERGY INC COM 65339F101 45,164 322,302 SH   SOLE   158,487 0 163,815
NORFOLK SOUTHERN CORP COM 655844108 25,993 213,585 SH   SOLE   105,387 0 108,198
NORTHWEST BANCSHARES INC MD COM 667340103 8,810 564,405 SH   SOLE   391,550 0 172,855
NUCOR CORP COM 670346105 26,614 459,894 SH   SOLE   232,217 0 227,677
OCCIDENTAL PETE CORP DEL COM 674599105 54,393 908,519 SH   SOLE   459,593 0 448,926
OCEANEERING INTL INC COM 675232102 16,800 735,570 SH   SOLE   529,133 0 206,437
OLD NATL BANCORP IND COM 680033107 30,313 1,757,279 SH   SOLE   1,277,803 0 479,476
OLIN CORP COM PAR $1 680665205 22,623 747,139 SH   SOLE   389,353 0 357,786
OM ASSET MGMT PLC SHS G67506108 31,928 2,148,598 SH   SOLE   1,537,146 0 611,452
ORBITAL ATK INC COM 68557N103 1,271 12,920 SH   SOLE   12,920 0 0
ORRSTOWN FINL SVCS INC COM 687380105 7,196 314,936 SH   SOLE   314,936 0 0
OUTFRONT MEDIA INC COM 69007J106 68,911 2,980,580 SH   SOLE   1,801,512 0 1,179,068
OXFORD INDS INC COM 691497309 1,904 30,473 SH   SOLE   30,473 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 5,434 212,696 SH   SOLE   212,696 0 0
PARK OHIO HLDGS CORP COM 700666100 5,744 150,768 SH   SOLE   150,768 0 0
PARK STERLING CORP COM 70086Y105 9,779 823,153 SH   SOLE   823,153 0 0
PBF ENERGY INC CL A 69318G106 19,320 867,905 SH   SOLE   601,059 0 266,846
PENTAIR PLC SHS G7S00T104 40,092 602,526 SH   SOLE   353,867 0 248,659
PEOPLES BANCORP INC COM 709789101 7,593 236,321 SH   SOLE   236,321 0 0
PHILIP MORRIS INTL INC COM 718172109 24,918 212,161 SH   SOLE   104,641 0 107,520
PINNACLE WEST CAP CORP COM 723484101 21,426 251,592 SH   SOLE   132,821 0 118,771
PNC FINL SVCS GROUP INC COM 693475105 30,026 240,460 SH   SOLE   121,567 0 118,893
POLYONE CORP COM 73179P106 37,446 966,605 SH   SOLE   671,503 0 295,102
POTLATCH CORP NEW COM 737630103 28,775 629,642 SH   SOLE   451,097 0 178,545
PRAXAIR INC COM 74005P104 37,840 285,480 SH   SOLE   143,247 0 142,233
PRIMORIS SVCS CORP COM 74164F103 15,391 617,133 SH   SOLE   457,512 0 159,621
PROSPERITY BANCSHARES INC COM 743606105 27,594 429,543 SH   SOLE   310,303 0 119,240
PRUDENTIAL FINL INC COM 744320102 43,699 404,100 SH   SOLE   200,228 0 203,872
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 6,594 649,017 SH   SOLE   649,017 0 0
QUALCOMM INC COM 747525103 32,983 597,308 SH   SOLE   296,510 0 300,798
RAYONIER INC COM 754907103 33,070 1,149,478 SH   SOLE   806,804 0 342,674
REGAL BELOIT CORP COM 758750103 1,033 12,665 SH   SOLE   12,665 0 0
RESOLUTE ENERGY CORP COM NEW 76116A306 625 21,000 SH   SOLE   21,000 0 0
RESOURCES CONNECTION INC COM 76122Q105 4,721 344,633 SH   SOLE   344,633 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 32,598 1,698,711 SH   SOLE   1,193,844 0 504,867
RING ENERGY INC COM 76680V108 1,599 123,000 SH   SOLE   123,000 0 0
RIVERVIEW BANCORP INC COM 769397100 8,994 1,354,537 SH   SOLE   1,354,537 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 21,912 411,958 SH   SOLE   234,461 0 177,497
RYDER SYS INC COM 783549108 50,288 698,641 SH   SOLE   370,202 0 328,439
SCHLUMBERGER LTD COM 806857108 44,057 669,155 SH   SOLE   364,299 0 304,856
SCHULMAN A INC COM 808194104 35,992 1,124,746 SH   SOLE   871,451 0 253,295
SI FINL GROUP INC MD COM 78425V104 4,380 272,039 SH   SOLE   272,039 0 0
SILGAN HOLDINGS INC COM 827048109 27,382 861,600 SH   SOLE   581,859 0 279,741
SIMPSON MANUFACTURING CO INC COM 829073105 18,828 430,752 SH   SOLE   296,123 0 134,629
SMUCKER J M CO COM NEW 832696405 28,233 238,595 SH   SOLE   128,375 0 110,220
SNYDERS-LANCE INC COM 833551104 1,057 30,530 SH   SOLE   30,530 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 6,120 239,534 SH   SOLE   239,534 0 0
STATE AUTO FINL CORP COM 855707105 9,618 373,787 SH   SOLE   265,884 0 107,903
STONECASTLE FINL CORP COM 861780104 3,264 160,007 SH   SOLE   160,007 0 0
SUN HYDRAULICS CORP COM 866942105 5,780 135,458 SH   SOLE   135,458 0 0
SUNTRUST BKS INC COM 867914103 27,320 481,667 SH   SOLE   244,012 0 237,655
SYNALLOY CP DEL COM 871565107 5,277 466,574 SH   SOLE   466,574 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4,289 122,682 SH   SOLE   122,682 0 0
TCF FINL CORP COM 872275102 20,078 1,259,615 SH   SOLE   873,949 0 385,666
TELEFONICA BRASIL SA SPONSORED ADR 87936r106 1,538 114,010 SH   SOLE   114,010 0 0
TENARIS S A SPONSORED ADR 88031M109 2,995 96,180 SH   SOLE   96,180 0 0
TERNIUM SA SPON ADR 880890108 1,692 60,230 SH   SOLE   60,230 0 0
TESORO CORP COM 881609101 694 7,416 SH   SOLE   7,416 0 0
TESSCO TECHNOLOGIES INC COM 872386107 9,838 739,716 SH   SOLE   739,716 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 22,022 662,902 SH   SOLE   380,591 0 282,311
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,175 4,000 SH   SOLE   4,000 0 0
TIMKEN CO COM 887389104 24,207 523,400 SH   SOLE   265,220 0 258,180
TRAVELERS COMPANIES INC COM 89417E109 44,520 351,854 SH   SOLE   175,141 0 176,713
TRICO BANCSHARES COM 896095106 10,399 295,838 SH   SOLE   295,838 0 0
U S SILICA HLDGS INC COM 90346E103 781 22,000 SH   SOLE   22,000 0 0
UMB FINL CORP COM 902788108 26,969 360,255 SH   SOLE   257,532 0 102,723
UMPQUA HLDGS CORP COM 904214103 28,844 1,571,031 SH   SOLE   1,089,688 0 481,343
UNION PAC CORP COM 907818108 32,795 301,120 SH   SOLE   151,618 0 149,502
UNITED CMNTY FINL CORP OHIO COM 909839102 7,357 885,316 SH   SOLE   885,316 0 0
UNITED FINL BANCORP INC NEW COM 910304104 11,215 671,988 SH   SOLE   671,988 0 0
UNITED PARCEL SERVICE INC CL B 911312106 50,736 458,774 SH   SOLE   225,957 0 232,817
UNITED STATES OIL FUND LP UNITS 91232N108 1,996 210,100 SH Call SOLE   210,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 26,158 214,218 SH   SOLE   123,737 0 90,481
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105 7,453 496,871 SH   SOLE   496,871 0 0
UNIVEST CORP PA COM 915271100 4,528 151,195 SH   SOLE   151,195 0 0
US BANCORP DEL COM NEW 902973304 24,811 477,873 SH   SOLE   240,829 0 237,044
V F CORP COM 918204108 32,108 557,431 SH   SOLE   279,929 0 277,502
VEON LTD SPONSORED ADR 91822M106 1,175 300,630 SH   SOLE   123,630 0 177,000
WAL-MART STORES INC COM 931142103 39,401 520,632 SH   SOLE   261,227 0 259,405
WELLS FARGO CO NEW COM 949746101 51,248 924,887 SH   SOLE   467,132 0 457,755
WESBANCO INC COM 950810101 24,736 625,592 SH   SOLE   448,371 0 177,221
WESTAMERICA BANCORPORATION COM 957090103 25,838 461,063 SH   SOLE   319,796 0 141,267
WESTERN DIGITAL CORP COM 958102105 19,588 221,084 SH   SOLE   110,878 0 110,206
WESTERN NEW ENG BANCORP INC COM 958892101 5,532 545,058 SH   SOLE   545,058 0 0
WESTROCK CO COM 96145D105 897 15,830 SH   SOLE   0 0 15,830
WESTWOOD HLDGS GROUP INC COM 961765104 5,800 102,304 SH   SOLE   102,304 0 0
WEYCO GROUP INC COM 962149100 3,405 122,138 SH   SOLE   122,138 0 0
WOLVERINE WORLD WIDE INC COM 978097103 4,184 149,363 SH   SOLE   115,814 0 33,549
XPERI CORP COM 98421B100 66,217 2,222,037 SH   SOLE   1,618,291 0 603,746
YRC WORLDWIDE INC COM PAR $.01 984249607 261 23,500 SH   SOLE   23,500 0 0