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
AGREE REALTY CORP REIT 008492100 256 7,520 SH   SOLE   3,055 0 4,465
BRANDYWINE REALTY TRUST REIT 105368203 214 15,645 SH   SOLE   5,350 0 10,295
COMMUNITY HEALTHCARE TRUST REIT 20369C106 3,078 166,985 SH   SOLE   99,495 0 67,490
DIAMONDROCK HOSPITALITY REIT 252784301 174 18,045 SH   SOLE   7,325 0 10,720
INDEPENDENCE REALTY TRUST REIT 45378A106 2,995 398,775 SH   SOLE   244,475 0 154,300
LEXINGTON REALTY TRUST REIT 529043101 242 30,209 SH   SOLE   12,509 0 17,700
LTC PROPERTIES INC REIT 502175102 317 7,340 SH   SOLE   2,825 0 4,515
MONMOUTH REIT A REIT 609720107 1,857 177,504 SH   SOLE   106,329 0 71,175
NATIONAL HEALTH INVS COM REIT 63633D104 274 4,500 SH   SOLE   1,800 0 2,700
SOTHERLY HOTELS REIT 83600C103 1,339 217,375 SH   SOLE   140,360 0 77,015
SOVRAN SELF STORAGE COM REIT 84610H108 252 2,350 SH   SOLE   1,025 0 1,325
WELLTOWER INC REIT 95040Q104 4,973 73,093 SH   SOLE   20,544 0 52,549
A O SMITH CORP COM 831865209 5,945 77,597 SH   SOLE   21,882 0 55,715
AARON'S INC COM 002535300 363 16,215 SH   SOLE   6,450 0 9,765
ACUITY BRANDS INC COM 00508Y102 2,324 9,942 SH   SOLE   2,722 0 7,220
ADDUS HOMECARE COM 006739106 1,852 79,565 SH   SOLE   47,390 0 32,175
ADOBE SYSTEMS INC COM 00724F101 8,003 85,197 SH   SOLE   24,927 0 60,270
AEGEAN MARINE PETROLEUM COM Y0017S102 2,296 274,585 SH   SOLE   160,550 0 114,035
ALLERGAN PLC COM G0177J108 7,027 22,485 SH   SOLE   6,473 0 16,012
ALLSCRIPTS HEALTHCARE COM 01988P108 387 25,154 SH   SOLE   9,824 0 15,330
ALMOST FAMILY INC COM 020409108 2,564 67,060 SH   SOLE   40,880 0 26,180
ALPHABET INC A COM 02079K305 15,417 19,816 SH   SOLE   5,557 0 14,259
ALTRIA GROUP COM 02209S103 5,746 98,720 SH   SOLE   72,045 0 26,675
AMAZON.COM INC COM 023135106 7,453 11,027 SH   SOLE   3,176 0 7,851
AMERICAN SOFTWARE A COM 029683109 2,939 288,662 SH   SOLE   177,660 0 111,002
AMERIPRISE FINANCIAL COM 03076C106 8,361 78,564 SH   SOLE   55,315 0 23,249
AMPHENOL CORP-CL A COM 032095101 4,965 95,065 SH   SOLE   25,110 0 69,955
AMSURG CORP COM COM 03232P405 200 2,634 SH   SOLE   1,300 0 1,334
ANDERSONS INC COM COM 034164103 275 8,690 SH   SOLE   3,530 0 5,160
ANTHEM INC COM 036752103 9,012 64,630 SH   SOLE   47,155 0 17,475
APPLE INC COM 037833100 26,394 250,749 SH   SOLE   102,804 0 147,945
AT & T INC COM COM 00206R102 22,131 643,160 SH   SOLE   461,330 0 181,830
AVNET INC COM 053807103 4,213 98,345 SH   SOLE   71,770 0 26,575
AVX CORP COM 002444107 300 24,733 SH   SOLE   10,038 0 14,695
BANC OF CALIFORNIA COM 05990K106 4,370 298,888 SH   SOLE   177,165 0 121,723
BANK OF COMMERCE HOLDINGS COM 06424J103 1,268 189,866 SH   SOLE   115,345 0 74,521
BANNER CORP COM 06652V208 528 11,521 SH   SOLE   4,031 0 7,490
BAR HARBOR BANKSHARES COM 066849100 1,023 29,725 SH   SOLE   17,810 0 11,915
BARRETT BUSINESS SVCS INC COM 068463108 2,742 62,970 SH   SOLE   38,655 0 24,315
BERKSHIRE HILLS BANC COM 084680107 3,266 112,205 SH   SOLE   63,906 0 48,299
BERRY PLASTICS GROUP INC COM 08579W103 256 7,075 SH   SOLE   3,000 0 4,075
BIG LOTS INC COM 089302103 269 6,985 SH   SOLE   2,825 0 4,160
BLACK BOX CORP COM 091826107 976 102,403 SH   SOLE   61,190 0 41,213
BLACKROCK CAPITAL INVEST COM 092533108 356 37,900 SH   SOLE   14,950 0 22,950
BLOOMIN' BRANDS INC COM 094235108 459 27,195 SH   SOLE   10,870 0 16,325
BOEING CO COM 097023105 9,757 67,483 SH   SOLE   49,253 0 18,230
BRISTOL-MYERS SQUIBB CO COM 110122108 11,026 160,285 SH   SOLE   45,550 0 114,735
CAPITAL CITY BK GROUP COM 139674105 3,093 201,475 SH   SOLE   123,730 0 77,745
CAPITAL ONE FINANCIAL CORP COM 14040H105 11,423 158,257 SH   SOLE   113,312 0 44,945
CARPENTER TECHNOLOGY COM 144285103 309 10,204 SH   SOLE   4,049 0 6,155
CASEY'S GENERAL STORES INC COM 147528103 271 2,250 SH   SOLE   925 0 1,325
CAVIUM INC COM 14964U108 245 3,725 SH   SOLE   1,300 0 2,425
CBRE GROUP INC - A COM 12504L109 5,909 170,875 SH   SOLE   49,185 0 121,690
CECO ENVIRONMENTAL COM 125141101 3,332 433,835 SH   SOLE   247,080 0 186,755
CELADON GROUP INC COM 150838100 2,871 290,250 SH   SOLE   171,350 0 118,900
CELGENE CORP COM 151020104 5,925 49,473 SH   SOLE   13,468 0 36,005
CENTURY CASINOS INC COM 156492100 2,995 384,920 SH   SOLE   229,000 0 155,920
CENTURY COMMUNITIES INC COM 156504300 2,981 168,310 SH   SOLE   103,915 0 64,395
CF INDUSTRIES HOLDINGS INC COM 125269100 2,162 52,970 SH   SOLE   38,645 0 14,325
CHECKPOINT SYS INC COM 162825103 1,764 281,340 SH   SOLE   167,580 0 113,760
CHEVRON CORP COM 166764100 25,022 278,145 SH   SOLE   200,045 0 78,100
CISCO SYSTEMS COM 17275R102 18,789 691,910 SH   SOLE   493,010 0 198,900
CITIGROUP INC COM 172967424 23,854 460,956 SH   SOLE   331,426 0 129,530
COLUMBUS MCKINNON N Y COM COM 199333105 3,093 163,670 SH   SOLE   97,215 0 66,455
COMPUTER TASK GROUP COM 205477102 1,225 185,025 SH   SOLE   110,260 0 74,765
CONCURRENT COMPUTER COM 206710402 1,541 311,329 SH   SOLE   195,180 0 116,149
CONSOLIDATED EDISON INC COM 209115104 13,261 206,335 SH   SOLE   150,560 0 55,775
CORNING INC COM 219350105 6,460 353,408 SH   SOLE   258,058 0 95,350
COSTCO CORP COM 22160K105 9,055 56,070 SH   SOLE   15,770 0 40,300
COVENANT TRANSPORTATION COM 22284P105 3,123 165,315 SH   SOLE   101,485 0 63,830
CRA INTERNATIONAL COM 12618T105 2,999 160,800 SH   SOLE   98,115 0 62,685
CROSS COUNTRY HEALTH COM 227483104 2,803 171,030 SH   SOLE   107,350 0 63,680
CSX CORP COM 126408103 5,383 207,435 SH   SOLE   151,385 0 56,050
CVS HEALTH COM 126650100 235 2,400 SH   SOLE   0 0 2,400
DAKTRONICS INC COM 234264109 2,230 255,730 SH   SOLE   152,230 0 103,500
DANAHER CORP COM 235851102 7,365 79,300 SH   SOLE   22,910 0 56,390
DEL FRISCOS RESTAURANT COM 245077102 2,102 131,190 SH   SOLE   78,110 0 53,080
DELTA AIRLINES COM 247361702 22,104 436,064 SH   SOLE   218,754 0 217,310
DELTIC TIMBER CORP COM 247850100 390 6,625 SH   SOLE   2,635 0 3,990
DIAMONDBACK ENERGY INC COM 25278X109 2,227 33,290 SH   SOLE   9,370 0 23,920
DIGIRAD CORP COM 253827109 1,835 316,885 SH   SOLE   197,575 0 119,310
DIME COMMUNITY BANC COM 253922108 3,632 207,645 SH   SOLE   118,805 0 88,840
DIODES INC COM COM 254543101 311 13,525 SH   SOLE   5,455 0 8,070
DISCOVER FINL SERVICES COM 254709108 7,002 130,585 SH   SOLE   89,360 0 41,225
DOW CHEMICAL COM 260543103 6,715 130,433 SH   SOLE   95,188 0 35,245
DSW INC-CLASS A COM 23334L102 293 12,290 SH   SOLE   5,215 0 7,075
DUCOMMUN INC COM 264147109 2,985 184,015 SH   SOLE   113,915 0 70,100
ELECTRO SCIENTIFIC COM 285229100 1,442 277,892 SH   SOLE   165,415 0 112,477
ELECTRONIC ARTS INC COM 285512109 7,208 104,896 SH   SOLE   29,531 0 75,365
EMCOR GROUP INC COM 29084Q100 450 9,370 SH   SOLE   3,210 0 6,160
ENCORE WIRE CORP COM 292562105 219 5,900 SH   SOLE   2,380 0 3,520
ENERSYS COM 29275Y102 425 7,600 SH   SOLE   3,025 0 4,575
ENTEGRIS INC COM 29362U104 396 29,859 SH   SOLE   9,969 0 19,890
ESSA BANCORP INC COM 29667D104 2,252 164,635 SH   SOLE   103,800 0 60,835
ESTEE LAUDER A COM 518439104 7,371 83,703 SH   SOLE   24,138 0 59,565
EVERI HOLDINGS COM 30034T103 2,916 664,260 SH   SOLE   407,740 0 256,520
EVOLUTION PETROLEUM COM 30049A107 879 182,715 SH   SOLE   114,150 0 68,565
EXACTECH, INC COM 30064E109 1,132 62,349 SH   SOLE   37,085 0 25,264
EXELON CORP COM COM 30161N101 9,453 340,400 SH   SOLE   248,475 0 91,925
EXFO INC COM 302046107 592 216,183 SH   SOLE   101,321 0 114,862
FABRINET COM G3323L100 393 16,485 SH   SOLE   6,590 0 9,895
FACEBOOK INC-A COM 30303M102 17,070 163,095 SH   SOLE   45,495 0 117,600
FEDERAL AGRIC MTG CORP CL C COM 313148306 2,805 88,847 SH   SOLE   53,005 0 35,842
FINANCIAL INSTNS INC COM 317585404 3,640 129,991 SH   SOLE   75,516 0 54,475
FIRST BANCORP INC ME COM 31866P102 1,628 79,525 SH   SOLE   50,075 0 29,450
FIRST FINANCIAL COM 320218100 3,409 100,355 SH   SOLE   61,685 0 38,670
FIRST INTERNET BANC COM 320557101 2,286 79,673 SH   SOLE   48,435 0 31,238
FIRSTENERGY CORP COM 337932107 11,566 364,505 SH   SOLE   259,860 0 104,645
FIRSTMERIT CORP COM COM 337915102 423 22,675 SH   SOLE   9,050 0 13,625
FISERV INC COM 337738108 7,448 81,430 SH   SOLE   20,840 0 60,590
FOOT LOCKER INC COM 344849104 5,662 86,982 SH   SOLE   63,482 0 23,500
FORD MOTOR CO COM 345370860 4,605 326,861 SH   SOLE   94,226 0 232,635
GAIN CAPITAL HOLDINGS COM 36268W100 3,282 404,695 SH   SOLE   242,675 0 162,020
GENERAL DYNAMICS COM 369550108 14,511 105,639 SH   SOLE   74,815 0 30,824
GENERAL MOTORS CO COM 37045V100 15,477 455,069 SH   SOLE   327,044 0 128,025
GIBRALTAR INDUSTRIES COM 374689107 204 8,005 SH   SOLE   2,125 0 5,880
GILEAD SCIENCES COM 375558103 9,030 89,243 SH   SOLE   25,078 0 64,165
GOLDMAN SACHS COM 38141G104 14,465 80,261 SH   SOLE   57,431 0 22,830
GOODYEAR TIRE & RUBBER CO COM 382550101 4,690 143,555 SH   SOLE   104,755 0 38,800
GRANITE CONSTRUCTION INC COM 387328107 388 9,035 SH   SOLE   3,660 0 5,375
GREENHILL & CO INC COM 395259104 337 11,795 SH   SOLE   4,590 0 7,205
GULF ISLAND FABRICATN COM 402307102 1,664 159,040 SH   SOLE   94,655 0 64,385
HANMI FINANCIAL CORP COM 410495204 3,526 148,669 SH   SOLE   83,773 0 64,896
HARDINGE INC COM COM 412324303 2,514 269,765 SH   SOLE   167,565 0 102,200
HARTFORD FINANCIAL SERVICES COM 416515104 9,019 207,520 SH   SOLE   151,307 0 56,213
HARVARD BIOSCIENCE INC COM COM 416906105 1,693 488,000 SH   SOLE   299,400 0 188,600
HAVERTY FURNITURE COM 419596101 2,773 129,325 SH   SOLE   79,900 0 49,425
HAYNES INTERNATIONAL COM 420877201 2,296 62,585 SH   SOLE   38,765 0 23,820
HCI GROUP INC COM 40416E103 1,164 33,400 SH   SOLE   19,825 0 13,575
HERMAN MILLER INC COM 600544100 451 15,705 SH   SOLE   6,365 0 9,340
HILL INTERNATIONAL COM 431466101 2,542 655,140 SH   SOLE   400,690 0 254,450
HMS HOLDINGS CORP COM 40425J101 318 25,780 SH   SOLE   10,655 0 15,125
HOME DEPOT INC COM 437076102 14,528 109,855 SH   SOLE   31,210 0 78,645
HOMESTREET INC COM 43785V102 3,080 141,855 SH   SOLE   85,090 0 56,765
HOMETRUST BANCSHARES COM 437872104 3,435 169,615 SH   SOLE   99,090 0 70,525
HONEYWELL INTERNATIONAL COM 438516106 5,193 50,139 SH   SOLE   14,149 0 35,990
HORIZON BANCORP IND COM COM 440407104 3,558 127,270 SH   SOLE   75,765 0 51,505
HORMEL FOODS CORP COM 440452100 214 2,700 SH   SOLE   0 0 2,700
IMPAX LABORATORIES INC COM COM 45256B101 339 7,930 SH   SOLE   3,310 0 4,620
INCYTE CORP COM 45337C102 2,138 19,715 SH   SOLE   5,545 0 14,170
INDEPENDENT BANK MA COM 453836108 335 7,196 SH   SOLE   2,841 0 4,355
INDEPENDENT BANK MI COM 453838609 3,224 211,682 SH   SOLE   130,885 0 80,797
INSTEEL INDUSTRIES INC COM COM 45774W108 1,008 48,190 SH   SOLE   28,945 0 19,245
INTEL CORP COM 458140100 20,311 589,589 SH   SOLE   335,159 0 254,430
INTERCONTINENTAL EXCH COM 45866F104 8,414 32,833 SH   SOLE   9,275 0 23,558
IXYS CORP COM 46600W106 3,271 258,965 SH   SOLE   157,940 0 101,025
JABIL CIRCUIT INC COM 466313103 7,425 318,790 SH   SOLE   232,565 0 86,225
JANUS CAPITAL COM 47102X105 5,940 421,590 SH   SOLE   300,030 0 121,560
JPMORGAN CHASE COM 46625H100 25,717 389,480 SH   SOLE   279,550 0 109,930
KEYCORP COM 493267108 11,730 889,336 SH   SOLE   649,384 0 239,952
KIRKLANDS INC COM COM 497498105 1,510 104,115 SH   SOLE   61,995 0 42,120
KOHLS CORP COM 500255104 4,416 92,720 SH   SOLE   67,745 0 24,975
LA Z BOY INC COM 505336107 446 18,272 SH   SOLE   6,542 0 11,730
LAKELAND BANCORP INC COM COM 511637100 1,863 158,055 SH   SOLE   94,105 0 63,950
LANDEC CORP COM 514766104 2,164 182,965 SH   SOLE   108,930 0 74,035
LEAR CORP COM 521865204 5,809 47,290 SH   SOLE   34,535 0 12,755
LIFETIME BRANDS COM 53222Q103 1,386 104,519 SH   SOLE   62,211 0 42,308
LIONS GATE ENTERTAINMENT COM 535919203 7,002 216,185 SH   SOLE   59,000 0 157,185
LITHIA MOTORS A COM 536797103 5,931 55,605 SH   SOLE   15,240 0 40,365
LKQ CORP COM 501889208 2,154 72,689 SH   SOLE   20,219 0 52,470
LOCKHEED MARTIN CORP COM 539830109 11,720 53,972 SH   SOLE   15,574 0 38,398
LRAD CORP COM 50213V109 747 375,515 SH   SOLE   223,435 0 152,080
MAINSOURCE FINANCIAL COM 56062Y102 4,672 204,198 SH   SOLE   119,109 0 85,089
MARATHON PETROLEUM CORP COM 56585A102 10,399 200,599 SH   SOLE   143,979 0 56,620
MARINEMAX INC COM COM 567908108 5,045 273,885 SH   SOLE   163,525 0 110,360
MARTEN TRANS LTD COM 573075108 2,720 153,685 SH   SOLE   91,505 0 62,180
MATRIX SVC CO COM 576853105 207 10,083 SH   SOLE   4,123 0 5,960
MCDONALD'S CORP COM 580135101 8,354 70,712 SH   SOLE   20,432 0 50,280
MEDTRONIC PLC COM G5960L103 7,192 93,498 SH   SOLE   26,958 0 66,540
MENTOR GRAPHICS CORP COM 587200106 269 14,615 SH   SOLE   4,895 0 9,720
META FINANCIAL GROUP COM 59100U108 3,943 85,851 SH   SOLE   52,948 0 32,903
MICROSOFT CORP COM 594918104 293 5,275 SH   SOLE   0 0 5,275
MIDDLEBY CORP COM COM 596278101 3,410 31,616 SH   SOLE   7,990 0 23,626
MOHAWK INDUSTRIES COM 608190104 2,081 10,990 SH   SOLE   3,060 0 7,930
MUELLER WATER PRODUCTS A COM 624758108 90 10,500 SH   SOLE   10,500 0 0
NETFLIX INC COM 64110L106 1,214 10,610 SH   SOLE   3,035 0 7,575
NEW YORK AND COMPANY INC COM 649295102 901 393,571 SH   SOLE   234,700 0 158,871
NEWPARK RESOURCES INC COM 651718504 1,758 332,965 SH   SOLE   203,465 0 129,500
NORFOLK SOUTHERN CORP COM 655844108 6,230 73,655 SH   SOLE   53,766 0 19,889
NORTHRIM BANCORP INC COM 666762109 1,111 41,775 SH   SOLE   24,980 0 16,795
NORTHWEST PIPE CO COM COM 667746101 1,365 121,965 SH   SOLE   72,615 0 49,350
NUVASIVE INC COM 670704105 303 5,595 SH   SOLE   2,025 0 3,570
OLD NATIONAL BANCORP COM 680033107 435 32,097 SH   SOLE   12,852 0 19,245
OLYMPIC STEEL INC COM COM 68162K106 3,918 338,330 SH   SOLE   208,595 0 129,735
ONE GAS INC COM 68235P108 291 5,795 SH   SOLE   2,385 0 3,410
ORION MARINE GROUP COM 68628V308 2,964 710,790 SH   SOLE   439,975 0 270,815
OSHKOSH CORP COM 688239201 3,819 97,815 SH   SOLE   27,480 0 70,335
PACIFIC ETHANOL INC COM COM 69423U305 1,589 332,480 SH   SOLE   198,425 0 134,055
PALO ALTO NETWORKS INC COM 697435105 4,720 26,796 SH   SOLE   7,546 0 19,250
PAYPAL INC COM COM 70450Y103 7,015 193,776 SH   SOLE   55,806 0 137,970
PEOPLES BANCORP INC COM 709789101 3,695 196,135 SH   SOLE   116,075 0 80,060
PERRY ELLIS COM 288853104 3,155 171,305 SH   SOLE   101,425 0 69,880
PETROQUEST ENERGY COM 716748108 397 794,451 SH   SOLE   474,845 0 319,606
PFIZER INC COM 717081103 20,938 648,650 SH   SOLE   469,100 0 179,550
PHILIP MORRIS INTERNATIONAL COM 718172109 8,919 101,454 SH   SOLE   29,494 0 71,960
PLEXUS CORP COM 729132100 267 7,640 SH   SOLE   2,940 0 4,700
PNC FINANCIAL SERVICES GROUP COM 693475105 17,203 180,490 SH   SOLE   131,610 0 48,880
POOL CORP COM 73278L105 208 2,575 SH   SOLE   1,650 0 925
PORTLAND GENERAL ELECTRIC COM 736508847 540 14,843 SH   SOLE   4,378 0 10,465
PPL CORPORATION COM 69351T106 15,205 445,490 SH   SOLE   316,515 0 128,975
PRIMERICA INC COM 74164M108 286 6,065 SH   SOLE   2,460 0 3,605
PROOFPOINT INC COM 743424103 224 3,450 SH   SOLE   1,425 0 2,025
PRUDENTIAL FINANCIAL COM 744320102 6,907 84,845 SH   SOLE   61,960 0 22,885
QLOGIC CORP COM 747277101 386 31,670 SH   SOLE   12,830 0 18,840
QUEST DIAGNOSTICS INC COM 74834L100 9,222 129,630 SH   SOLE   91,120 0 38,510
RING ENERGY INC COM 76680V108 1,559 221,160 SH   SOLE   133,590 0 87,570
RUBY TUESDAY INC COM 781182100 2,487 451,440 SH   SOLE   277,365 0 174,075
RUDOLPH TECHNOLOGIES COM 781270103 2,283 160,560 SH   SOLE   95,990 0 64,570
SAFEGUARD SCIENTIFICS COM 786449207 2,336 160,969 SH   SOLE   100,285 0 60,684
SALESFORCE COM COM 79466L302 7,836 99,951 SH   SOLE   28,811 0 71,140
SARATOGA INVEST CORP COM 80349A208 1,424 92,374 SH   SOLE   54,581 0 37,793
SEACHANGE INTL INC COM COM 811699107 2,681 397,765 SH   SOLE   245,460 0 152,305
SI FINANCIAL GROUP COM 78425V104 1,407 103,081 SH   SOLE   61,870 0 41,211
SIERRA BANCORP COM COM 82620P102 1,983 112,325 SH   SOLE   69,810 0 42,515
SILICOM LTD COM M84116108 2,702 89,170 SH   SOLE   55,580 0 33,590
SIRIUS XM HOLDINGS COM 82968B103 148 36,275 SH   SOLE   0 0 36,275
SIRONA DENTAL SYS INC COM COM 82966C103 6,330 57,770 SH   SOLE   15,400 0 42,370
SKYWORKS SOLUTIONS INC COM 83088M102 2,749 35,780 SH   SOLE   10,040 0 25,740
SNAP-ON INC COM 833034101 8,920 52,032 SH   SOLE   13,547 0 38,485
SPARTAN MOTORS INC COM 846819100 2,016 648,237 SH   SOLE   400,235 0 248,002
SPARTANNASH COM 847215100 306 14,160 SH   SOLE   5,710 0 8,450
SPOK HOLDINGS COM 84863T106 1,515 82,689 SH   SOLE   49,547 0 33,142
STARBUCKS CORP COM 855244109 4,394 73,200 SH   SOLE   18,590 0 54,610
STEIN MART INC COM 858375108 2,851 423,675 SH   SOLE   251,210 0 172,465
STERLING CONSTRUCTION COM 859241101 3,597 591,660 SH   SOLE   366,270 0 225,390
SUNTRUST BANKS INC COM 867914103 8,786 205,085 SH   SOLE   149,635 0 55,450
SWIFT TRANSPORTATION CO COM 87074U101 445 32,220 SH   SOLE   13,090 0 19,130
SYNAPTICS INC COM COM 87157D109 366 4,561 SH   SOLE   1,801 0 2,760
SYSTEMAX INC COM COM 871851101 1,518 176,481 SH   SOLE   105,000 0 71,481
TARGET CORP COM 87612E106 10,740 147,920 SH   SOLE   105,785 0 42,135
TD AMERITRADE HOLDING COM 87236Y108 5,054 145,596 SH   SOLE   41,226 0 104,370
TEMPUR SEALY INTERNATIONAL I COM 88023U101 5,779 82,014 SH   SOLE   22,624 0 59,390
TERRITORIAL BANCORP INC COM 88145X108 2,494 89,895 SH   SOLE   55,430 0 34,465
TESCO CORP COM 88157K101 1,540 212,677 SH   SOLE   126,340 0 86,337
THE TRAVELERS CO COM 89417E109 18,774 166,346 SH   SOLE   118,278 0 48,068
TJX COMPANIES INC COM 872540109 7,955 112,190 SH   SOLE   31,755 0 80,435
TOWNE BANK COM 89214P109 370 17,715 SH   SOLE   7,225 0 10,490
TRACTOR SUPPLY COMPANY COM 892356106 6,117 71,542 SH   SOLE   20,162 0 51,380
TRAVELCENTERS OF AMERICA COM 894174101 2,348 249,820 SH   SOLE   147,110 0 102,710
TRI POINTE GROUP COM 87265H109 448 35,355 SH   SOLE   14,110 0 21,245
TYSON FOODS A COM 902494103 9,271 173,840 SH   SOLE   127,015 0 46,825
ULTA SALON COM 90384S303 6,806 36,790 SH   SOLE   9,910 0 26,880
UNITED CMNTY FINL OHIO COM COM 909839102 3,180 538,990 SH   SOLE   320,380 0 218,610
UNITED HEALTH GROUP COM 91324P102 5,279 44,870 SH   SOLE   12,930 0 31,940
UNITED INSURANCE HOLDINGS COM 910710102 3,495 204,400 SH   SOLE   120,900 0 83,500
UNIVERSAL STAINLESS COM 913837100 2,349 252,825 SH   SOLE   150,550 0 102,275
UNUM GROUP COM 91529Y106 11,992 360,214 SH   SOLE   257,714 0 102,500
VAIL RESORTS INC COM 91879Q109 237 1,850 SH   SOLE   875 0 975
VALERO ENERGY CORP COM 91913Y100 5,821 82,325 SH   SOLE   60,100 0 22,225
VALSPAR CORP COM 920355104 4,404 53,088 SH   SOLE   13,808 0 39,280
VERIZON COMM INC COM 92343V104 11,113 240,440 SH   SOLE   174,445 0 65,995
VERTEX PHARMACEUTICALS INC COM 92532F100 5,346 42,485 SH   SOLE   11,970 0 30,515
VISA INC A COM 92826C839 14,844 191,410 SH   SOLE   53,225 0 138,185
WASHINGTON TRUST BANCORP COM 940610108 2,785 70,462 SH   SOLE   42,198 0 28,264
WAYSIDE TECHNOLOGY GROUP COM 946760105 1,334 72,716 SH   SOLE   43,400 0 29,316
WCI COMMUNITIES INC COM 92923C807 3,970 178,189 SH   SOLE   105,905 0 72,284
WEST MARINE INC COM COM 954235107 2,758 324,890 SH   SOLE   198,080 0 126,810
WHITEWAVE FOODS CO - A COM 966244105 4,091 105,150 SH   SOLE   29,050 0 76,100
XCERRA CORP COM 98400J108 1,937 320,155 SH   SOLE   196,180 0 123,975
BP PLC ADR ADR 055622104 6,653 212,840 SH   SOLE   155,385 0 57,455
ROYAL DUTCH SHELL PLC ADR ADR 780259107 7,711 167,480 SH   SOLE   119,080 0 48,400
SANOFI-AVENTIS SAADR ADR 80105N105 6,972 163,476 SH   SOLE   119,311 0 44,165
TEVA PHARMA ADR ADR 881624209 14,056 214,142 SH   SOLE   153,252 0 60,890