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
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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
AGCO Corporation COM 001084102 97,254 1,443,145 SH   SOLE   1,443,145 0 0
AGCO Corporation COM 001084102 1,771 26,273 SH   OTR   0 0 26,273
Adtalem Global Education COM 00737L103 77,570 2,044,014 SH   SOLE   2,044,014 0 0
Adtalem Global Education COM 00737L103 1,248 32,880 SH   OTR   0 0 32,880
Akamai Technologies COM 00971t101 152,650 3,064,647 SH   SOLE   3,064,647 0 0
Akamai Technologies COM 00971t101 7,351 147,580 SH   OTR   0 0 147,580
Arconic Inc COM 03965L100 109,923 4,853,091 SH   SOLE   4,853,091 0 0
Arconic Inc COM 03965L100 1,626 71,785 SH   OTR   0 0 71,785
Atwood Oceanics COM 050095108 709 87,000 SH   OTR   0 0 87,000
Autoliv COM 052800109 18,271 166,400 SH   SOLE   166,400 0 0
Baker Hughes, a GE Company COM 05722G100 229 4,200 SH   SOLE   4,200 0 0
BorgWarner COM 099724106 58,648 1,384,524 SH   SOLE   1,384,524 0 0
BorgWarner COM 099724106 3,177 74,990 SH   OTR   0 0 74,990
Bunge Ltd. COM G16962105 65,652 880,053 SH   SOLE   880,053 0 0
Bunge Ltd. COM G16962105 894 11,979 SH   OTR   0 0 11,979
Cars.com COM 14575E105 69,936 2,626,192 SH   SOLE   2,626,192 0 0
Cars.com COM 14575E105 2,907 109,168 SH   OTR   0 0 109,168
Chicago Bridge & Iron COM 167250109 74,297 3,765,673 SH   SOLE   3,765,673 0 0
Chicago Bridge & Iron COM 167250109 5,578 282,698 SH   OTR   0 0 282,698
Cincinnati Financial COM 172062101 58,029 800,953 SH   SOLE   800,953 0 0
Cincinnati Financial COM 172062101 760 10,486 SH   OTR   0 0 10,486
Cooper Tire & Rubber Co. COM 216831107 115,010 3,185,869 SH   SOLE   3,185,869 0 0
Cooper Tire & Rubber Co. COM 216831107 6,904 191,235 SH   OTR   0 0 191,235
Copa Holdings COM P31076105 123,463 1,055,238 SH   SOLE   1,055,238 0 0
Copa Holdings COM P31076105 2,585 22,095 SH   OTR   0 0 22,095
Cree, Inc. COM 225447101 142,638 5,786,521 SH   SOLE   5,786,521 0 0
Cree, Inc. COM 225447101 6,993 283,710 SH   OTR   0 0 283,710
Discovery Communications COM 25470f302 353 14,000 SH   SOLE   14,000 0 0
Domtar Corp. COM 257559203 141,403 3,680,449 SH   SOLE   3,680,449 0 0
Domtar Corp. COM 257559203 7,289 189,715 SH   OTR   0 0 189,715
Donaldson Inc COM 257651109 50,551 1,110,041 SH   SOLE   1,110,041 0 0
Donaldson Inc COM 257651109 732 16,081 SH   OTR   0 0 16,081
FMC Corporation COM 302491303 112,387 1,538,496 SH   SOLE   1,538,496 0 0
FMC Corporation COM 302491303 2,665 36,478 SH   OTR   0 0 36,478
Fluor Corp COM 343412102 243 5,300 SH   SOLE   5,300 0 0
Gentex Corp COM 371901109 105,087 5,539,650 SH   SOLE   5,539,650 0 0
Gentex Corp COM 371901109 3,438 181,242 SH   OTR   0 0 181,242
Gerdau S A Sponsored ADR COM 373737105 66,417 21,775,925 SH   SOLE   21,775,925 0 0
Gerdau S A Sponsored ADR COM 373737105 927 303,777 SH   OTR   0 0 303,777
HMS Holdings Corp COM 40425J101 2,237 120,900 SH   OTR   0 0 120,900
Haemonetics COM 405024100 2,358 59,700 SH   OTR   0 0 59,700
Hewlett Packard Enterprise Co COM 42824C109 395 23,800 SH   SOLE   23,800 0 0
Hologic Inc. COM 436440101 213 4,700 SH   SOLE   4,700 0 0
Hormel Foods COM 440452100 112,110 3,286,705 SH   SOLE   3,286,705 0 0
Hormel Foods COM 440452100 1,613 47,279 SH   OTR   0 0 47,279
IBM COM 459200101 277 1,800 SH   SOLE   1,800 0 0
Interpublic Group COM 460690100 21,952 892,361 SH   SOLE   892,361 0 0
Interpublic Group COM 460690100 367 14,937 SH   OTR   0 0 14,937
Itron Inc. COM 465741106 66,973 988,529 SH   SOLE   988,529 0 0
Itron Inc. COM 465741106 1,022 15,078 SH   OTR   0 0 15,078
Jabil Inc COM 466313103 108,114 3,703,800 SH   SOLE   3,703,800 0 0
Jabil Inc COM 466313103 3,485 119,386 SH   OTR   0 0 119,386
Juniper Networks COM 48203R104 169,571 6,082,160 SH   SOLE   6,082,160 0 0
Juniper Networks COM 48203R104 2,435 87,328 SH   OTR   0 0 87,328
Kennametal COM 489170100 303 8,100 SH   SOLE   8,100 0 0
LKQ Corp COM 501889208 103,998 3,156,241 SH   SOLE   3,156,241 0 0
LKQ Corp COM 501889208 1,432 43,474 SH   OTR   0 0 43,474
Lear Corp COM 521865204 68,049 478,951 SH   SOLE   478,951 0 0
Lear Corp COM 521865204 1,048 7,375 SH   OTR   0 0 7,375
Legg Mason COM 524901105 14,188 371,800 SH   SOLE   371,800 0 0
Liberty Interactive Corp COM 53071m104 503 20,500 SH   SOLE   20,500 0 0
Lions Gate Entertainment Cl A COM 535919401 92,520 3,278,522 SH   SOLE   3,278,522 0 0
Lions Gate Entertainment Cl A COM 535919401 1,351 47,891 SH   OTR   0 0 47,891
Lions Gate Entertainment Cl B COM 535919500 85,033 3,235,640 SH   SOLE   3,235,640 0 0
Lions Gate Entertainment Cl B COM 535919500 2,173 82,696 SH   OTR   0 0 82,696
Mattel COM 577081102 165,277 7,676,587 SH   SOLE   7,676,587 0 0
Mattel COM 577081102 6,822 316,882 SH   OTR   0 0 316,882
McDermott Intl COM 580037109 108,543 15,138,435 SH   SOLE   15,138,435 0 0
McDermott Intl COM 580037109 3,742 521,834 SH   OTR   0 0 521,834
New York Times COM 650111107 166,963 9,432,914 SH   SOLE   9,432,914 0 0
New York Times COM 650111107 2,444 138,058 SH   OTR   0 0 138,058
Northern Trust Corp COM 665859104 120,647 1,241,092 SH   SOLE   1,241,092 0 0
Northern Trust Corp COM 665859104 1,690 17,388 SH   OTR   0 0 17,388
Nuance Communications COM 67020y100 88,548 5,086,048 SH   SOLE   5,086,048 0 0
Nuance Communications COM 67020y100 1,232 70,769 SH   OTR   0 0 70,769
Office Depot Inc COM 676220106 174,020 30,854,613 SH   SOLE   30,854,613 0 0
Office Depot Inc COM 676220106 5,832 1,034,085 SH   OTR   0 0 1,034,085
Patterson Companies Inc COM 703395103 157,380 3,352,087 SH   SOLE   3,352,087 0 0
Patterson Companies Inc COM 703395103 6,140 130,783 SH   OTR   0 0 130,783
Quanta Services COM 74762E102 375 11,400 SH   SOLE   11,400 0 0
Quest Diagnostics COM 74834L100 93,408 840,298 SH   SOLE   840,298 0 0
Quest Diagnostics COM 74834L100 1,354 12,185 SH   OTR   0 0 12,185
Ralph Lauren COM 751212101 266 3,600 SH   SOLE   3,600 0 0
Raymond James Financial COM 754730109 101,832 1,269,414 SH   SOLE   1,269,414 0 0
Raymond James Financial COM 754730109 762 9,504 SH   OTR   0 0 9,504
Scholastic COM 807066105 59,739 1,370,466 SH   SOLE   1,370,466 0 0
Scholastic COM 807066105 1,031 23,650 SH   OTR   0 0 23,650
Shaw Communications, Inc. COM 82028K200 5,889 270,270 SH   SOLE   270,270 0 0
Staples, Inc COM 855030102 8,020 796,400 SH   SOLE   796,400 0 0
Stericycle COM 858912108 172,911 2,265,606 SH   SOLE   2,265,606 0 0
Stericycle COM 858912108 2,382 31,210 SH   OTR   0 0 31,210
Stifel Financial COM 860630102 5,182 112,700 SH   SOLE   112,700 0 0
TechnipFMC COM G87110105 91,647 3,369,371 SH   SOLE   3,369,371 0 0
TechnipFMC COM G87110105 1,219 44,831 SH   OTR   0 0 44,831
Tegna COM 87901J105 116,796 8,105,204 SH   SOLE   8,105,204 0 0
Tegna COM 87901J105 5,375 373,026 SH   OTR   0 0 373,026
Teradata Corp COM 88076W103 166,690 5,652,412 SH   SOLE   5,652,412 0 0
Teradata Corp COM 88076W103 3,818 129,463 SH   OTR   0 0 129,463
Time Inc. COM 887228104 144,399 10,062,626 SH   SOLE   10,062,626 0 0
Time Inc. COM 887228104 7,467 520,337 SH   OTR   0 0 520,337
Transocean Ltd COM H8817H100 31,936 3,880,457 SH   SOLE   3,880,457 0 0
Transocean Ltd COM H8817H100 459 55,727 SH   OTR   0 0 55,727
Unilever PLC COM 904767704 281 5,200 SH   SOLE   5,200 0 0
Unisys Corporation COM 909214306 71,571 5,591,521 SH   SOLE   5,591,521 0 0
Unisys Corporation COM 909214306 5,504 429,982 SH   OTR   0 0 429,982
VMware COM 928563402 393 4,500 SH   SOLE   4,500 0 0
Varex Imaging Corp COM 92214X106 26,867 794,874 SH   SOLE   794,874 0 0
Varex Imaging Corp COM 92214X106 365 10,787 SH   OTR   0 0 10,787
Varian Medical Systems COM 92220p105 142,967 1,385,472 SH   SOLE   1,385,472 0 0
Varian Medical Systems COM 92220p105 2,026 19,632 SH   OTR   0 0 19,632
Werner Enterprises COM 950755108 93,201 3,175,519 SH   SOLE   3,175,519 0 0
Werner Enterprises COM 950755108 1,322 45,035 SH   OTR   0 0 45,035
Whirlpool COM 963320106 84,816 442,627 SH   SOLE   442,627 0 0
Whirlpool COM 963320106 1,196 6,239 SH   OTR   0 0 6,239
JPMorgan Chase 6.1 PFD PFD 48127X542 271 10,000 SH   SOLE   10,000 0 0