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
THE AARONS COMPANY INC COM 00258W108 9,597 300,000 SH   DFND   300,000 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 14,349 69,945 SH   DFND   69,945 0 0
AMERISOURCBERGEN CORP COM 03073E105 2,283 19,942 SH   DFND   19,942 0 0
ADVANCED ENERGY INDS COM 007973100 5,636 50,000 SH   DFND   50,000 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 3,232 27,722 SH   DFND   27,722 0 0
ANGIODYNAMICS INC COM 03475V101 8,070 297,452 SH   DFND   297,452 0 0
SMITH A O CORP COM 831865209 4,763 66,100 SH   DFND   66,100 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 6,505 127,997 SH   DFND   127,997 0 0
ACCURAY INC COM 004397105 15,361 3,398,500 SH   DFND   3,238,000 0 160,500
ASSOCIATED BANC CORP COM 045487105 17,788 868,575 SH   DFND   849,475 0 19,100
ASTEC INDS INC COM 046224101 9,664 153,547 SH   DFND   153,547 0 0
ATN INTL INC COM 00215F107 12,809 281,573 SH   DFND   281,573 0 0
AMERICAN VANGUARD CORP COM 030371108 12,035 687,349 SH   DFND   687,349 0 0
AVANOS MED INC COM 05350V106 8,755 240,724 SH   DFND   240,724 0 0
BED BATH & BEYOND INC COM 075896100 15,292 459,350 SH   DFND   439,600 0 19,750
BARRETT BUSINESS SVCS INC COM 068463108 10,892 150,000 SH   DFND   150,000 0 0
POPULAR INC COM NEW 733174700 1,365 18,190 SH   DFND   18,190 0 0
BRADY CORP CL A 104674106 12,639 225,536 SH   DFND   225,536 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702 4,088 14,711 SH   DFND   14,711 0 0
BERRY CORP COM 08579X101 13,532 2,013,675 SH   DFND   1,894,475 0 119,200
CONAGRA BRANDS INC COM 205887102 2,897 79,632 SH   DFND   79,632 0 0
CALERES INC COM 129500104 5,458 200,000 SH   DFND   200,000 0 0
CAL MAINE FOODS INC COM NEW 128030202 11,803 325,957 SH   DFND   325,957 0 0
CASS INFORMATION SYS INC COM 14808P109 2,906 71,308 SH   DFND   71,308 0 0
CBOE GLOBAL MKTS INC COM 12503M108 8,450 70,976 SH   DFND   70,976 0 0
CAPITAL CITY BK GROUP INC COM 139674105 14,424 559,275 SH   DFND   539,225 0 20,050
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302 10,219 132,904 SH   DFND   132,904 0 0
CROSS CTRY HEALTHCARE INC COM 227483104 15,904 963,324 SH   DFND   963,324 0 0
CENTURY CMNTYS INC COM 156504300 26,167 393,250 SH   DFND   384,150 0 9,100
CECO ENVIRONMENTAL CORP COM 125141101 4,296 600,000 SH   DFND   600,000 0 0
CENTERRA GOLD INC COM 152006102 14,621 1,916,250 SH   DFND   1,841,250 0 75,000
CHAMPIONX CORPORATION COM 15872M104 20,364 793,918 SH   DFND   793,918 0 0
CLOUDERA INC COM 18914U100 8,723 550,000 SH   DFND   550,000 0 0
COMCAST CORP NEW CL A 20030N101 3,082 54,049 SH   DFND   54,049 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100 4,026 260,934 SH   DFND   260,934 0 0
CANADIAN NATL RY CO COM 136375102 2,330 22,085 SH   DFND   22,085 0 0
CYRUSONE INC COM 23283R100 11,879 166,100 SH   DFND   160,700 0 5,400
COWEN INC CL A New 223622606 22,263 542,350 SH   DFND   527,850 0 14,500
CARTERS INC COM 146229109 6,190 60,000 SH   DFND   60,000 0 0
CISCO SYS INC COM 17275R102 2,872 54,184 SH   DFND   54,184 0 0
CARRIAGE SVCS INC COM 143905107 7,024 190,000 SH   DFND   190,000 0 0
COMMUNITY TR BANCORP INC COM 204149108 1,756 43,480 SH   DFND   43,480 0 0
CARETRUST REIT INC COM 14174T107 6,969 300,000 SH   DFND   300,000 0 0
COVENANT LOGISTICS GROUP INC CL A 22284P105 6,721 325,000 SH   DFND   325,000 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 355 100,000 SH   DFND   100,000 0 0
DALLASNEWS CORPORATION COM SER A 235050101 1,621 217,896 SH   DFND   217,896 0 0
DIEBOLD NIXDORF INC COM STK 253651103 4,494 350,000 SH   DFND   350,000 0 0
DENBURY INC COM 24790A101 7,678 100,000 SH   DFND   100,000 0 0
DIGI INTL INC COM 253798102 3,017 150,000 SH   DFND   150,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 17,827 135,083 SH   DFND   135,083 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 3,011 40,314 SH   DFND   40,314 0 0
DOLLAR TREE INC COM 256746108 3,797 38,165 SH   DFND   38,165 0 0
DRIL-QUIP INC COM 262037104 10,053 297,176 SH   DFND   297,176 0 0
DSP GROUPS INC COM 23332B106 7,433 502,229 SH   DFND   502,229 0 0
DXC TECHNOLOGY CO COM 23355L106 7,788 200,000 SH   DFND   200,000 0 0
DZS INC COM 268211109 1,917 92,400 SH   DFND   92,400 0 0
US ECOLOGY INC COM 91734M103 5,628 150,000 SH   DFND   150,000 0 0
ENCOMPASS HEALTH CORP COM 29261A100 11,246 144,128 SH   DFND   144,128 0 0
EASTMAN CHEM CO COM 277432100 3,655 31,310 SH   DFND   31,310 0 0
ENERSYS COM 29275Y102 2,443 25,000 SH   DFND   25,000 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104 10,769 404,533 SH   DFND   404,533 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 2,681 102,344 SH   DFND   102,344 0 0
EMBRAER SA SPONSORED ADS 29082A107 7,570 500,000 SH   DFND   500,000 0 0
EVOFEM BIOSCIENCES INC COM 30048L104 1,243 1,100,000 SH   DFND   1,100,000 0 0
EVERTEC INC COM 30040P103 7,639 175,000 SH   DFND   175,000 0 0
EXELON CORP COM 30161N101 9,857 222,463 SH   DFND   222,463 0 0
EZCORP INC CL A NON VTG 302301106 4,221 700,000 SH   DFND   700,000 0 0
FIRSTCASH INC COM 33767D105 27,227 356,184 SH   DFND   356,184 0 0
FIRSTENERGY CORP COM 337932107 6,552 176,081 SH   DFND   176,081 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 2,092 50,000 SH   DFND   50,000 0 0
FLOWSERVE CORP COM 34354P105 8,346 207,003 SH   DFND   207,003 0 0
FORESTAR GROUP INC COM 346232101 2,091 100,000 SH   DFND   100,000 0 0
GENPACT LIMITED SHS G3922B107 9,116 200,670 SH   DFND   200,670 0 0
GATX CORP COM 361448103 3,539 40,000 SH   DFND   40,000 0 0
GLACIER BANCORP INC NEW COM 37637Q105 8,465 153,690 SH   DFND   153,690 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 4,045 500,000 SH   DFND   500,000 0 0
GRIFFON CORP COM 398433102 4,727 184,447 SH   DFND   184,447 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,461 100,000 SH   DFND   100,000 0 0
ACUSHNET HOLDINGS CORP COM 005098108 7,337 148,513 SH   DFND   148,513 0 0
ALPHABET INC CAP STK CL A 02079K305 3,502 1,434 SH   DFND   1,434 0 0
GORMAN RUPP CO COM 383082104 11,167 324,252 SH   DFND   307,552 0 16,700
GRIFOLS S A SP ADR REP B NVT 398438408 3,339 192,426 SH   DFND   192,426 0 0
U S GLOBAL INVS INC CL A 902952100 2,899 468,273 SH   DFND   468,273 0 0
TRIPLE-S MGMT CORP CL B 896749108 6,681 300,000 SH   DFND   300,000 0 0
GRANITE CONSTR INC COM 387328107 9,145 220,208 SH   DFND   220,208 0 0
HAEMONETICS CORP MASS COM 405024100 23,260 349,042 SH   DFND   341,142 0 7,900
HARVARD BIOSCIENCE INC COM 416906105 6,248 750,000 SH   DFND   750,000 0 0
HOLLY FRONTIER CORP COM 436106108 2,288 69,529 SH   DFND   69,529 0 0
HERITAGE FINL CORP WASH COM 42722X106 8,637 345,200 SH   DFND   329,200 0 16,000
HARTFORD FINL SVCS GROUP INC COM 416515104 7,057 113,873 SH   DFND   113,873 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 3,763 17,857 SH   DFND   17,857 0 0
HIGHWOODS PPTYS INC COM 431284108 10,610 234,900 SH   DFND   223,250 0 11,650
HILTON WORLDWIDE HLDGS INC COM 43300A203 4,928 40,852 SH   DFND   40,852 0 0
HANGER INC COM NEW 41043F208 8,154 322,531 SH   DFND   322,531 0 0
HOOKER FURNITURE CORP COM 439038100 3,464 100,000 SH   DFND   100,000 0 0
HARLEY DAVIDSON INC COM 412822108 9,631 210,188 SH   DFND   210,188 0 0
HUDSON GLOBAL INC COM NEW 443787205 6,288 356,235 SH   DFND   341,795 0 14,440
HEALTHSTREAM INC COM 42222N103 4,033 144,339 SH   DFND   144,339 0 0
HEARTLAND EXPRESS INC COM 422347104 5,705 333,058 SH   DFND   333,058 0 0
HOWMET AEROSPACE INC COM 443201108 1,572 45,600 SH   DFND   45,600 0 0
HYSTER YALE MATLS HANDLING CL A 449172105 5,968 81,781 SH   DFND   81,781 0 0
INTELLICHECK INC COM NEW 45817G201 3,725 445,000 SH   DFND   445,000 0 0
IHEARTMEDIA INC COM CL A 45174J509 4,040 150,000 SH   DFND   150,000 0 0
IMMERSION CORP COM 452521107 2,631 300,000 SH   DFND   300,000 0 0
FIRST INTERNET BANCORP COM 320557101 11,273 363,871 SH   DFND   343,121 0 20,750
INDEPENDENT BANK CORP MASS COM 453836108 8,514 112,764 SH   DFND   112,764 0 0
JOHNSON & JOHNSON COM 478160104 4,085 24,795 SH   DFND   24,795 0 0
KENNAMETAL INC COM 489170100 22,051 613,888 SH   DFND   613,888 0 0
KNOWLES CORP COM 49926D109 10,514 532,615 SH   DFND   532,615 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 12,308 117,874 SH   DFND   117,874 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,727 58,669 SH   DFND   58,669 0 0
LINDE PLC SHS G5494J103 2,835 9,808 SH   DFND   9,808 0 0
LINCOLN EDL SVCS CORP COM 533535100 18,000 2,313,650 SH   DFND   2,207,650 0 106,000
LIMBACH HLDGS INC COM 53263P105 2,778 300,000 SH   DFND   300,000 0 0
LANDEC CORP COM 514766104 13,852 1,231,315 SH   DFND   1,170,925 0 60,390
GRAND CANYON ED INC COM 38526M106 5,362 59,593 SH   DFND   59,593 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 1,832 353,592 SH   DFND   353,592 0 0
MANPOWERGROUP INC WIS COM 56418H100 5,289 44,477 SH   DFND   44,477 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 6,573 250,000 SH   DFND   250,000 0 0
MARCHEX INC CL B 56624R108 3,117 1,018,707 SH   DFND   1,018,707 0 0
M D C HLDGS INC COM 552676108 2,024 40,000 SH   DFND   40,000 0 0
MEDTRONIC PLC SHS G5960L103 1,619 13,040 SH   DFND   13,040 0 0
MDU RES GROUP INC COM 552690109 14,334 457,356 SH   DFND   441,356 0 16,000
MAYVILLE ENGR CO INC COM 578605107 2,995 148,952 SH   DFND   148,952 0 0
Methode Electrs Inc COM 591520200 16,383 332,913 SH   DFND   332,913 0 0
MOHAWK INDS INC COM 608190104 3,904 20,313 SH   DFND   20,313 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 14,030 749,450 SH   DFND   716,950 0 32,500
MOTORCAR PTS AMER INC COM 620071100 4,412 196,598 SH   DFND   196,598 0 0
MARTEN TRANS LTD COM 573075108 2,474 150,000 SH   DFND   150,000 0 0
MGIC INVT CORP WIS COM 552848103 15,296 1,124,700 SH   DFND   1,082,700 0 42,000
MATERION CORP COM 576690101 10,700 142,001 SH   DFND   142,001 0 0
MATRIX SVC CO COM 576853105 3,150 300,000 SH   DFND   300,000 0 0
MINERALS TECHNOLOGIES INC COM 603158106 896 11,385 SH   DFND   11,385 0 0
MYERS INDS INC COM 628464109 3,547 168,924 SH   DFND   168,924 0 0
NATIONAL FUEL GAS CO COM 636180101 6,584 126,000 SH   DFND   117,100 0 8,900
NOV INC COM 62955J103 18,465 1,205,258 SH   DFND   1,205,258 0 0
NVENT ELECTRIC PLC SHS G6700G107 11,369 363,934 SH   DFND   355,334 0 8,600
NORTHWESTERN CORP COM NEW 668074305 6,701 111,269 SH   DFND   111,269 0 0
NORTHWEST PIPE CO COM 667746101 12,531 443,575 SH   DFND   423,575 0 20,000
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,872 19,422 SH   DFND   19,422 0 0
ORION ENERGY SYSTEMS INC COM 686275108 7,479 1,305,150 SH   DFND   1,198,650 0 106,500
ORTHOFIX MED INC COM 68752M108 5,014 125,000 SH   DFND   125,000 0 0
OLD NATL BANCORP IND COM 680033107 7,221 410,057 SH   DFND   410,057 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 8,269 603,600 SH   DFND   603,600 0 0
ORACLE CORP COM 68389X105 2,307 29,638 SH   DFND   29,638 0 0
OLD REP INTL CORP COM 680223104 19,903 799,008 SH   DFND   799,008 0 0
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106 19,528 676,173 SH   DFND   676,173 0 0
POTBELLY CORP COM 73754Y100 2,765 350,000 SH   DFND   350,000 0 0
POTLATCHDELTIC CORPORATION COM 737630103 11,600 218,243 SH   DFND   218,243 0 0
PURE CYCLE CORP COM NEW 746228303 6,910 500,000 SH   DFND   500,000 0 0
PATTERSON COS INC COM 703395103 12,180 400,800 SH   DFND   383,750 0 17,050
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 9,176 1,283,290 SH   DFND   1,177,290 0 106,000
PARK AEROSPACE CORP COM 70014A104 10,375 696,311 SH   DFND   696,311 0 0
PHOTRONICS INC COM 719405102 11,918 902,200 SH   DFND   850,750 0 51,450
PORTLAND GEN ELECTRIC CO COM NEW 736508847 10,157 220,427 SH   DFND   220,427 0 0
POST HLDGS INC COM 737446104 2,906 26,793 SH   DFND   26,793 0 0
POWELL INDS INC COM 739128106 9,191 296,972 SH   DFND   296,972 0 0
PPG INDS INC COM 693506107 10,199 60,078 SH   DFND   60,078 0 0
PROASSURANCE CORP COM 74267C106 3,493 153,542 SH   DFND   153,542 0 0
PERRIGO CO PLC SHS G97822103 18,547 404,509 SH   DFND   404,509 0 0
PRIMO WATER CORPORATION COM 74167P108 7,196 430,153 SH   DFND   430,153 0 0
PUBLIC STORAGE COM 74460D109 11,882 39,516 SH   DFND   39,516 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 13,122 88,612 SH   DFND   88,612 0 0
PRETIUM RES INC COM 74139C102 11,162 1,167,550 SH   DFND   1,113,550 0 54,000
PIONEER NAT RES CO COM 723787107 4,717 29,025 SH   DFND   29,025 0 0
QUANTUM CORP COM NEW 747906501 5,168 750,000 SH   DFND   750,000 0 0
RADIAN GROUP INC COM 750236101 17,887 803,900 SH   DFND   785,375 0 18,525
REINSURANCE GRP AMERICA I COM NEW 759351604 9,846 86,366 SH   DFND   86,366 0 0
RESOURCES CONNECTION INC COM 76122Q105 4,782 333,022 SH   DFND   333,022 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 7,447 94,310 SH   DFND   94,310 0 0
B. RILEY FINANCIAL INC COM 05580M108 3,865 51,198 SH   DFND   51,198 0 0
RAYMOND JAMES FINL INC COM 754730109 2,781 21,408 SH   DFND   21,408 0 0
RALPH LAUREN CORP CL A 751212101 9,052 76,836 SH   DFND   76,836 0 0
SANDERSON FARMS INC COM 800013104 5,447 28,978 SH   DFND   28,978 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 11,463 256,224 SH   DFND   256,224 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 11,367 332,843 SH   DFND   332,843 0 0
SCHNITZER STEEL INDS INC CL A 806882106 10,547 215,029 SH   DFND   215,029 0 0
SCIPLAY CORPORATION CL A 809087109 3,390 200,000 SH   DFND   200,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 16,461 1,325,357 SH   DFND   1,300,957 0 24,400
SHYFT GROUP INC COM 825698103 11,223 300,000 SH   DFND   300,000 0 0
SNAP ON INC COM 833034101 4,178 18,701 SH   DFND   18,701 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 16,988 199,769 SH   DFND   199,769 0 0
STERICYCLE INC COM 858912108 10,218 142,815 SH   DFND   142,815 0 0
STATE AUTO FINL CORP COM 855707105 6,260 365,650 SH   DFND   344,150 0 21,500
STERLING CONSTR INC COM 859241101 5,429 225,000 SH   DFND   225,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,676 111,658 SH   DFND   111,658 0 0
SIERRA WIRELESS INC COM 826516106 9,074 477,850 SH   DFND   451,100 0 26,750
SKYWORKS SOLUTIONS INC COM 83088M102 13,508 70,446 SH   DFND   70,446 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 7,234 179,155 SH   DFND   179,155 0 0
SOUTHWEST GAS HLDGS INC COM 844895102 3,310 50,000 SH   DFND   50,000 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 5,318 61,439 SH   DFND   61,439 0 0
STOCK YDS BANCORP INC COM 861025104 2,060 40,485 SH   DFND   40,485 0 0
BANCORP INC DEL COM 05969A105 6,903 300,000 SH   DFND   300,000 0 0
TRICO BANCSHARES COM 896095106 8,516 200,000 SH   DFND   200,000 0 0
TERADATA CORP DEL COM 88076W103 6,808 136,238 SH   DFND   136,238 0 0
TENNECO INC CL A VTG COM STK 880349105 1,932 100,000 SH   DFND   100,000 0 0
TECNOGLASS INC SHS G87264100 8,560 400,000 SH   DFND   400,000 0 0
HANOVER INS GROUP INC COM 410867105 10,426 76,865 SH   DFND   76,865 0 0
THOR INDS INC COM 885160101 17,227 152,455 SH   DFND   149,230 0 3,225
TREEHOUSE FOODS INC COM 89469A104 8,661 194,534 SH   DFND   194,534 0 0
TOOTSIE ROLL INDS INC COM 890516107 6,774 199,758 SH   DFND   199,758 0 0
TRIMAS CORP COM NEW 896215209 7,921 261,150 SH   DFND   261,150 0 0
TRISTATE CAP HLDGS INC COM 89678F100 8,156 400,000 SH   DFND   400,000 0 0
TWIN DISC INC COM 901476101 5,542 389,439 SH   DFND   389,439 0 0
UNIFI INC COM NEW 904677200 3,654 150,000 SH   DFND   150,000 0 0
AMERCO COM 023586100 12,896 21,880 SH   DFND   21,880 0 0
UNILEVER PLC SPON ADR NEW 904767704 3,530 60,342 SH   DFND   60,342 0 0
USANA HEALTH SCIENCES INC COM 90328M107 6,146 60,000 SH   DFND   60,000 0 0
VONAGE HLDGS CORP COM 92886T201 15,943 1,106,350 SH   DFND   1,070,250 0 36,100
VISTRA CORP COM 92840M102 21,178 1,141,650 SH   DFND   1,097,750 0 43,900
VIAD CORP COM 92552R406 4,985 100,000 SH   DFND   100,000 0 0
WELLS FARGO CO NEW COM 949746101 1,306 28,843 SH   DFND   28,843 0 0
WORTHINGTON INDS INC COM 981811102 5,323 87,003 SH   DFND   87,003 0 0
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 3,477 654,821 SH   DFND   654,821 0 0
WESTROCK CO COM 96145D105 2,661 50,000 SH   DFND   50,000 0 0
DENTSPLY SIRONA INC COM 24906P109 6,726 106,320 SH   DFND   106,320 0 0
ZOVIO INC COM 98979V102 6,334 2,445,590 SH   DFND   2,264,590 0 181,000