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 7,395 300,000 SH   DFND   300,000 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 13,017 54,263 SH   DFND   54,263 0 0
AMERISOURCBERGEN CORP COM 03073E105 8,649 65,084 SH   DFND   65,084 0 0
ADVANCED ENERGY INDS COM 007973100 10,033 110,175 SH   DFND   106,475 0 3,700
ALLISON TRANSMISSION HLDGS I COM 01973R101 4,747 130,601 SH   DFND   130,601 0 0
ANGIODYNAMICS INC COM 03475V101 8,204 297,452 SH   DFND   297,452 0 0
ANTHEM INC COM 036752103 1,688 3,641 SH   DFND   3,641 0 0
SMITH A O CORP COM 831865209 5,215 60,740 SH   DFND   60,740 0 0
ACCURAY INC COM 004397105 16,109 3,377,100 SH   DFND   3,217,100 0 160,000
ARCONIC INC COM 03966V107 9,132 276,650 SH   DFND   264,250 0 12,400
ASSOCIATED BANC CORP COM 045487105 19,723 873,100 SH   DFND   851,600 0 21,500
ASTEC INDS INC COM 046224101 10,986 158,604 SH   DFND   158,604 0 0
AMTECH SYS INC COM PAR $0.01N 032332504 2,470 250,000 SH   DFND   250,000 0 0
ATN INTL INC COM 00215F107 11,814 295,732 SH   DFND   295,732 0 0
ACTIVISION BLIZZARD INC COM 00507V109 5,974 89,798 SH   DFND   89,798 0 0
AMERICAN VANGUARD CORP COM 030371108 10,247 625,190 SH   DFND   625,190 0 0
AVANOS MED INC COM 05350V106 12,080 348,437 SH   DFND   348,437 0 0
BED BATH & BEYOND INC COM 075896100 7,365 505,150 SH   DFND   503,400 0 1,750
BARRETT BUSINESS SVCS INC COM 068463108 10,359 150,000 SH   DFND   150,000 0 0
POPULAR INC COM NEW 733174700 8,084 98,533 SH   DFND   98,533 0 0
BRADY CORP CL A 104674106 12,982 240,850 SH   DFND   240,850 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702 4,075 13,629 SH   DFND   13,629 0 0
BERRY CORP COM 08579X101 11,981 1,422,900 SH   DFND   1,360,400 0 62,500
CONAGRA BRANDS INC COM 205887102 3,924 114,896 SH   DFND   114,896 0 0
CAL MAINE FOODS INC COM NEW 128030202 13,373 361,519 SH   DFND   361,519 0 0
CASS INFORMATION SYS INC COM 14808P109 3,360 85,453 SH   DFND   85,453 0 0
CBOE GLOBAL MKTS INC COM 12503M108 7,950 60,970 SH   DFND   60,970 0 0
CAPITAL CITY BK GROUP INC COM 139674105 14,765 559,275 SH   DFND   539,225 0 20,050
CHASE CORP COM 16150R104 1,844 18,524 SH   DFND   18,524 0 0
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302 5,851 79,959 SH   DFND   79,959 0 0
CROSS CTRY HEALTHCARE INC COM 227483104 12,813 461,555 SH   DFND   461,555 0 0
CENTURY CMNTYS INC COM 156504300 30,679 375,100 SH   DFND   366,600 0 8,500
CECO ENVIRONMENTAL CORP COM 125141101 6,150 987,100 SH   DFND   902,400 0 84,700
CENTERRA GOLD INC COM 152006102 14,791 1,925,950 SH   DFND   1,856,950 0 69,000
CHAMPIONX CORPORATION COM 15872M104 15,220 753,079 SH   DFND   753,079 0 0
COMCAST CORP NEW CL A 20030N101 2,525 50,177 SH   DFND   50,177 0 0
CORE MOLDING TECHNOLOGIES INC COM 218683100 3,617 425,000 SH   DFND   425,000 0 0
CENTENE CORP DEL COM 15135B101 4,991 60,570 SH   DFND   60,570 0 0
CANADIAN NATL RY CO COM 136375102 1,904 15,498 SH   DFND   15,498 0 0
AMERICOLD RLTY TR COM 03064D108 7,242 220,866 SH   DFND   220,866 0 0
CYRUSONE INC COM 23283R100 13,458 150,000 SH   DFND   150,000 0 0
COWEN INC CL A New 223622606 19,485 539,750 SH   DFND   525,950 0 13,800
COMPUTER PROGRAMS & SYS INC. COM 205306103 4,395 150,000 SH   DFND   150,000 0 0
CARTERS INC COM 146229109 6,073 60,000 SH   DFND   60,000 0 0
CISCO SYS INC COM 17275R102 2,828 44,620 SH   DFND   44,620 0 0
CARRIAGE SVCS INC COM 143905107 9,666 150,000 SH   DFND   150,000 0 0
COMMUNITY TR BANCORP INC COM 204149108 1,729 39,640 SH   DFND   39,640 0 0
CANTALOUPE INC COM 138103106 1,998 225,000 SH   DFND   225,000 0 0
CARETRUST REIT INC COM 14174T107 6,849 300,000 SH   DFND   300,000 0 0
COVENANT LOGISTICS GROUP INC CL A 22284P105 9,772 369,750 SH   DFND   351,450 0 18,300
DIEBOLD NIXDORF INC COM STK 253651103 5,730 633,150 SH   DFND   605,850 0 27,300
DENBURY INC COM 24790A101 7,659 100,000 SH   DFND   100,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 12,366 71,476 SH   DFND   71,476 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 2,772 37,638 SH   DFND   37,638 0 0
DOLLAR TREE INC COM 256746108 4,889 34,789 SH   DFND   34,789 0 0
DRIL-QUIP INC COM 262037104 7,549 383,582 SH   DFND   383,582 0 0
DXC TECHNOLOGY CO COM 23355L106 9,205 285,950 SH   DFND   271,350 0 14,600
ENCOMPASS HEALTH CORP COM 29261A100 11,766 180,288 SH   DFND   180,288 0 0
EASTMAN CHEM CO COM 277432100 6,242 51,625 SH   DFND   51,625 0 0
ENERSYS COM 29275Y102 8,844 111,865 SH   DFND   106,665 0 5,200
ENERPAC TOOL GROUP CORP CL A COM 292765104 6,443 317,693 SH   DFND   317,693 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 2,373 91,624 SH   DFND   91,624 0 0
EMBRAER SA SPONSORED ADS 29082A107 8,875 500,000 SH   DFND   500,000 0 0
EVERI HLDGS INC COM 30034T103 5,142 240,851 SH   DFND   240,851 0 0
EVERTEC INC COM 30040P103 7,747 155,000 SH   DFND   155,000 0 0
EXELON CORP COM 30161N101 10,532 182,342 SH   DFND   182,342 0 0
EXPEDIA GROUP INC COM NEW 30212P303 7,339 40,608 SH   DFND   40,608 0 0
EZCORP INC CL A NON VTG 302301106 6,534 886,600 SH   DFND   817,800 0 68,800
FIRSTCASH HOLDINGS INC COM 33768G107 981 13,114 SH   DFND   13,114 0 0
FIRSTENERGY CORP COM 337932107 11,567 278,129 SH   DFND   278,129 0 0
F5 INC COM 315616102 10,540 43,073 SH   DFND   43,073 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 11,883 292,187 SH   DFND   292,187 0 0
FLOWSERVE CORP COM 34354P105 4,160 135,960 SH   DFND   135,960 0 0
FMC CORP COM 302491303 2,609 23,740 SH   DFND   23,740 0 0
FORESTAR GROUP INC COM 346232101 8,957 411,800 SH   DFND   390,400 0 21,400
FTC SOLAR INC COM 30320C103 1,890 250,000 SH   DFND   250,000 0 0
GENPACT LIMITED SHS G3922B107 10,212 192,397 SH   DFND   192,397 0 0
GATX CORP COM 361448103 4,168 40,000 SH   DFND   40,000 0 0
GLACIER BANCORP INC NEW COM 37637Q105 8,714 153,690 SH   DFND   153,690 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 3,345 500,000 SH   DFND   500,000 0 0
GRIFFON CORP COM 398433102 9,478 332,808 SH   DFND   332,808 0 0
ACUSHNET HLDGS CORP COM 005098108 7,352 138,513 SH   DFND   138,513 0 0
ALPHABET INC CAP STK CL A 02079K305 3,195 1,103 SH   DFND   1,103 0 0
GORMAN RUPP CO COM 383082104 10,525 236,260 SH   DFND   236,260 0 0
U S GLOBAL INVS INC CL A 902952100 1,980 450,000 SH   DFND   450,000 0 0
GRANITE CONSTR INC COM 387328107 8,329 215,208 SH   DFND   215,208 0 0
HAEMONETICS CORP MASS COM 405024100 21,544 406,192 SH   DFND   397,192 0 9,000
HAIN CELESTIAL GROUP INC COM 405217100 12,444 292,033 SH   DFND   292,033 0 0
HARVARD BIOSCIENCE INC COM 416906105 2,820 400,000 SH   DFND   400,000 0 0
HOLLY FRONTIER CORP COM 436106108 5,875 179,210 SH   DFND   179,210 0 0
HERITAGE FINL CORP WASH COM 42722X106 8,402 343,800 SH   DFND   338,700 0 5,100
HIGHWOODS PPTYS INC COM 431284108 10,476 234,950 SH   DFND   223,300 0 11,650
HANGER INC COM NEW 41043F208 5,379 296,705 SH   DFND   296,705 0 0
HOOKER FURNISHINGS CORPORATI COM 439038100 1,535 65,953 SH   DFND   65,953 0 0
HARLEY DAVIDSON INC COM 412822108 15,263 404,963 SH   DFND   404,963 0 0
HELMERICH & PAYNE INC COM 423452101 2,433 102,675 SH   DFND   102,675 0 0
HUDSON GLOBAL INC COM NEW 443787205 9,496 327,437 SH   DFND   312,997 0 14,440
HEALTHSTREAM INC COM 42222N103 2,515 95,399 SH   DFND   95,399 0 0
HEARTLAND EXPRESS INC COM 422347104 6,635 394,482 SH   DFND   394,482 0 0
HOWMET AEROSPACE INC COM 443201108 8,601 270,232 SH   DFND   270,232 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 10,648 134,077 SH   DFND   134,077 0 0
INTELLICHECK INC COM NEW 45817G201 2,310 500,000 SH   DFND   500,000 0 0
IHEARTMEDICA INC Com CL A 45174J509 9,725 462,200 SH   DFND   440,800 0 21,400
FIRST INTERNET BANCORP COM 320557101 16,985 361,071 SH   DFND   341,321 0 19,750
INDEPENDENT BANK CORP MASS COM 453836108 8,786 107,764 SH   DFND   107,764 0 0
INFUSYSTEM HLDGS INC COM 45685K102 3,406 200,000 SH   DFND   200,000 0 0
JOHNSON & JOHNSON COM 478160104 4,194 24,515 SH   DFND   24,515 0 0
KENNAMETAL INC COM 489170100 11,856 330,164 SH   DFND   330,164 0 0
KNOWLES CORP COM 49926D109 14,117 604,584 SH   DFND   604,584 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 12,448 102,622 SH   DFND   102,622 0 0
LINDE PLC SHS G5494J103 2,187 6,313 SH   DFND   6,313 0 0
LINCOLN EDL SVCS CORP COM 533535100 15,811 2,116,600 SH   DFND   2,021,100 0 95,500
LIMBACH HLDGS INC Com 53263P105 2,935 326,058 SH   DFND   326,058 0 0
LANDEC CORP COM 514766104 13,593 1,224,615 SH   DFND   1,164,225 0 60,390
GRAND CANYON ED INC COM 38526M106 1,262 14,724 SH   DFND   14,724 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 8,058 284,450 SH   DFND   271,650 0 12,800
MARCHEX INC CL B 56624R108 2,363 952,936 SH   DFND   952,936 0 0
M D C HLDGS INC COM 552676108 1,117 20,000 SH   DFND   20,000 0 0
MEDTRONIC PLC SHS G5960L103 944 9,126 SH   DFND   9,126 0 0
MDU RES GROUP INC COM 552690109 14,467 469,100 SH   DFND   445,700 0 23,400
Methode Electrs Inc COM 591520200 17,634 358,633 SH   DFND   358,633 0 0
MOHAWK INDS INC COM 608190104 3,999 21,949 SH   DFND   21,949 0 0
MARTEN TRANS LTD COM 573075108 2,574 150,000 SH   DFND   150,000 0 0
MGIC INVT CORP WIS COM 552848103 10,094 700,000 SH   DFND   700,000 0 0
MATERION CORP COM 576690101 13,668 148,659 SH   DFND   148,659 0 0
NOV INC COM 62955J103 18,655 1,376,746 SH   DFND   1,370,246 0 6,500
NVENT ELECTRIC PLC SHS G6700G107 6,252 164,535 SH   DFND   164,535 0 0
NORTHWESTERN CORP COM NEW 668074305 7,310 127,893 SH   DFND   127,893 0 0
NORTHWEST PIPE CO COM 667746101 15,332 482,150 SH   DFND   454,350 0 27,800
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,775 18,381 SH   DFND   18,381 0 0
OIL DRI CORP AMER COM 677864100 2,273 69,453 SH   DFND   69,453 0 0
ORION ENERGY SYSTEMS INC COM 686275108 4,828 1,333,650 SH   DFND   1,183,650 0 150,000
ORTHOFIX MED INC COM 68752M108 11,124 357,800 SH   DFND   336,550 0 21,250
OLD NATL BANCORP IND COM 680033107 7,430 410,057 SH   DFND   410,057 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 9,835 802,855 SH   DFND   765,855 0 37,000
ORACLE CORP COM 68389X105 2,386 27,364 SH   DFND   27,364 0 0
OLD REP INTL CORP COM 680223104 14,123 574,572 SH   DFND   574,572 0 0
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106 15,853 776,334 SH   DFND   776,334 0 0
POTBELLY CORP COM 73754Y100 2,455 440,000 SH   DFND   400,000 0 40,000
POTLATCHDELTIC CORPORATION COM 737630103 19,577 325,094 SH   DFND   325,094 0 0
PURE CYCLE CORP COM NEW 746228303 7,300 500,000 SH   DFND   500,000 0 0
PATTERSON COS INC COM 703395103 11,922 406,200 SH   DFND   387,250 0 18,950
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 7,245 1,144,500 SH   DFND   1,048,500 0 96,000
PARK AEROSPACE CORP COM 70014A104 10,347 783,885 SH   DFND   783,885 0 0
PHOTRONICS INC COM 719405102 15,846 840,650 SH   DFND   803,950 0 36,700
DOUGLAS DYNAMICS INC COM 25960R105 6,401 163,864 SH   DFND   163,864 0 0
PORTLAND GEN ELECTRIC CO COM NEW 736508847 21,692 409,910 SH   DFND   409,910 0 0
POST HLDGS INC COM 737446104 5,106 45,293 SH   DFND   45,293 0 0
POWELL INDS INC COM 739128106 10,580 358,773 SH   DFND   358,773 0 0
PPG INDS INC COM 693506107 10,411 60,374 SH   DFND   60,374 0 0
PROASSURANCE CORP COM 74267C106 8,815 348,427 SH   DFND   348,427 0 0
PERRIGO CO PLC SHS G97822103 31,700 814,914 SH   DFND   812,714 0 2,200
PRIMO WATER CORPORATION COM 74167P108 8,309 471,315 SH   DFND   471,315 0 0
PUBLIC STORAGE COM 74460D109 3,434 9,169 SH   DFND   9,169 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 17,443 94,711 SH   DFND   94,711 0 0
PRETIUM RES INC COM 74139C102 14,090 1,000,000 SH   DFND   1,000,000 0 0
PIONEER NAT RES CO COM 723787107 10,038 55,188 SH   DFND   55,188 0 0
QUANTUM CORP COM NEW 747906501 4,692 850,000 SH   DFND   850,000 0 0
RADIAN GROUP INC COM 750236101 17,647 835,150 SH   DFND   803,550 0 31,600
REINSURANCE GRP OF AMERICA I COM NEW 759351604 2,591 23,660 SH   DFND   23,660 0 0
RESOURCES CONNECTION INC COM 76122Q105 10,688 599,110 SH   DFND   599,110 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 2,611 28,388 SH   DFND   28,388 0 0
RAYMOND JAMES FINL INC COM 754730109 1,179 11,741 SH   DFND   11,741 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 7,452 45,938 SH   DFND   45,938 0 0
SANDERSON FARMS INC COM 800013104 3,839 20,092 SH   DFND   20,092 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 5,077 102,678 SH   DFND   102,678 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 12,881 363,972 SH   DFND   363,972 0 0
SCHNITZER STEEL INDS INC CL A 806882106 3,996 76,958 SH   DFND   76,958 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 14,249 1,214,707 SH   DFND   1,191,507 0 23,200
SHYFT GROUP INC COM 825698103 14,739 300,000 SH   DFND   300,000 0 0
SNAP ON INC COM 833034101 8,778 40,755 SH   DFND   40,755 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 5,560 160,593 SH   DFND   160,593 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 18,484 181,710 SH   DFND   181,710 0 0
STERICYCLE INC COM 858912108 3,400 57,007 SH   DFND   57,007 0 0
STATE AUTO FINL CORP COM 855707105 8,883 171,850 SH   DFND   171,850 0 0
STERLING CONSTR INC COM 859241101 6,575 250,000 SH   DFND   250,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,676 66,965 SH   DFND   66,965 0 0
SIERRA WIRELESS INC COM 826516106 8,540 484,650 SH   DFND   456,100 0 28,550
SKYWORKS SOLUTIONS INC COM 83088M102 11,128 71,726 SH   DFND   71,726 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 8,413 281,375 SH   DFND   281,375 0 0
BANCORP INC DEL COM 05969A105 5,442 215,000 SH   DFND   200,000 0 15,000
TRICO BANCSHARES COM 896095106 8,592 200,000 SH   DFND   200,000 0 0
TERADATA CORP DEL COM 88076W103 6,332 149,091 SH   DFND   149,091 0 0
TENNECO INC CL A VTG COM STK 880349105 6,780 600,000 SH   DFND   600,000 0 0
HANOVER INS GROUP INC COM 410867105 11,406 87,032 SH   DFND   87,032 0 0
THOR INDS INC COM 885160101 12,077 116,380 SH   DFND   112,155 0 4,225
THERMON GROUP HLDGS INC COM 88362T103 4,663 275,450 SH   DFND   249,600 0 25,850
TREEHOUSE FOODS INC COM 89469A104 12,657 312,283 SH   DFND   312,283 0 0
TRIMAS CORP COM NEW 896215209 9,863 266,570 SH   DFND   266,570 0 0
TRISTATE CAP HLDGS INC COM 89678F100 9,078 300,000 SH   DFND   300,000 0 0
TWIN DISC INC COM 901476101 4,502 410,738 SH   DFND   410,738 0 0
UNIFI INC COM NEW 904677200 4,399 190,000 SH   DFND   175,000 0 15,000
AMERCO COM 023586100 8,395 11,560 SH   DFND   11,560 0 0
UNILEVER PLC SPON ADR NEW 904767704 3,666 68,161 SH   DFND   68,161 0 0
USANA HEALTH SCIENCES INC COM 90328M107 6,072 60,000 SH   DFND   60,000 0 0
VONAGE HLDGS CORP COM 92886T201 20,790 1,000,000 SH   DFND   1,000,000 0 0
VISTRA CORP COM 92840M102 18,444 810,000 SH   DFND   810,000 0 0
WELLS FARGO CO NEW COM 949746101 1,886 39,312 SH   DFND   39,312 0 0
WIDEOPENWEST INC COM 96758W101 6,572 305,375 SH   DFND   284,175 0 21,200
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 281 3,644 SH   DFND   3,644 0 0
DENTSPLY SIRONA INC COM 24906P109 7,861 140,895 SH   DFND   140,895 0 0
ZOVIO INC COM 98979V102 2,291 1,804,102 SH   DFND   1,622,302 0 181,800