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
AMERICAN EXPRESS CO COM 025816109 7,909 83,079 SH   SOLE   15,550 4,569 62,960
AUTOZONE INC COM 053332102 6,706 5,944 SH   SOLE   1,115 336 4,493
BIG LOTS INC COM 089302103 6,731 160,258 SH   SOLE   35,458 8,550 116,250
CDK GLOBAL INC COM 12508E101 7,111 171,676 SH   SOLE   35,718 9,067 126,891
CHANGE HEALTHCARE INC COM 15912K100 2,891 258,082 SH   SOLE   62,696 13,261 182,125
CIT GROUP INC COM NEW 125581801 7,919 382,030 SH   SOLE   82,353 20,527 279,150
COMPASS MINERALS INTL INC COM 20451N101 5,793 118,833 SH   SOLE   26,331 6,119 86,383
CISCO SYS INC COM 17275R102 7,709 165,295 SH   SOLE   31,132 9,221 124,942
COOPER TIRE & RUBR CO COM 216831107 5,781 209,396 SH   SOLE   46,014 11,039 152,343
COMMUNITY TR BANCORP INC COM 204149108 3,612 110,254 SH   SOLE   25,339 6,058 78,857
CVB FINL CORP COM 126600105 6,619 353,227 SH   SOLE   76,462 19,118 257,647
EBAY INC COM 278642103 10,063 191,854 SH   SOLE   35,970 10,572 145,312
EVERTEC INC COM 30040P103 5,104 181,653 SH   SOLE   41,077 9,637 130,939
EXELON CORP COM 30161N101 5,595 154,171 SH   SOLE   27,899 8,291 117,981
FIRST HAWAIIAN INC COM 32051X108 5,226 303,131 SH   SOLE   65,225 15,925 221,981
GENERAL MLS INC COM 370334104 7,096 115,094 SH   SOLE   21,261 6,143 87,690
GAMESTOP CORP NEW CL A 36467W109 3,515 809,800 SH   SOLE   180,028 43,339 586,433
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 5,248 128,664 SH   SOLE   23,787 6,873 98,004
HNI CORP COM 404251100 4,714 154,218 SH   SOLE   34,356 8,052 111,810
INTERNATIONAL BUSINESS MACHS COM 459200101 7,034 58,241 SH   SOLE   10,666 3,274 44,301
JOHNSON & JOHNSON COM 478160104 5,425 38,578 SH   SOLE   7,051 2,033 29,494
KRAFT HEINZ CO COM 500754106 8,257 258,907 SH   SOLE   45,093 13,012 200,802
KLX ENERGY SERVICS HOLDNGS I COM 48253L205 886 412,238 SH   SOLE   171,737 36,210 204,291
NCR CORP NEW COM 62886E108 5,152 297,439 SH   SOLE   64,459 15,983 216,997
PITNEY BOWES INC COM 724479100 6,351 2,442,709 SH   SOLE   549,550 131,956 1,761,203
PERDOCEO ED CORP COM 71363P106 6,092 382,401 SH   SOLE   84,353 20,970 277,078
QURATE RETAIL INC COM SER A 74915M100 6,229 655,692 SH   SOLE   137,051 33,375 485,266
RAYTHEON TECHNOLOGIES CORP COM 75513E101 7,536 122,303 SH   SOLE   22,920 6,730 92,653
SEALED AIR CORP NEW COM 81211K100 4,431 134,876 SH   SOLE   32,052 6,991 95,833
SCHLUMBERGER LTD COM 806857108 5,685 309,133 SH   SOLE   58,567 17,065 233,501
STERICYCLE INC COM 858912108 8,818 157,529 SH   SOLE   32,442 8,301 116,786
WESTAMERICA BANCORPORATION COM 957090103 6,506 113,300 SH   SOLE   24,516 6,031 82,753