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 234 7,845 SH   SOLE   3,380 0 4,465
BRANDYWINE REALTY TRUST REIT 105368203 203 16,442 SH   SOLE   6,147 0 10,295
COMMUNITY HEALTHCARE TRUST REIT 20369C106 2,533 159,310 SH   SOLE   90,170 0 69,140
DIAMONDROCK HOSPITALITY REIT 252784301 208 18,820 SH   SOLE   8,100 0 10,720
INDEPENDENCE REALTY TRUST REIT 45378A106 2,742 380,360 SH   SOLE   222,865 0 157,495
LEXINGTON REALTY TRUST REIT 529043101 255 31,464 SH   SOLE   13,764 0 17,700
LTC PROPERTIES INC REIT 502175102 327 7,675 SH   SOLE   3,160 0 4,515
MONMOUTH REIT A REIT 609720107 1,650 169,244 SH   SOLE   96,574 0 72,670
NATIONAL HEALTH INVS COM REIT 63633D104 270 4,700 SH   SOLE   2,000 0 2,700
SOTHERLY HOTELS REIT 83600C103 1,416 208,280 SH   SOLE   129,590 0 78,690
WELLTOWER INC REIT 95040Q104 2,070 30,569 SH   SOLE   9,290 0 21,279
AARON'S INC COM 002535300 482 13,335 SH   SOLE   6,710 0 6,625
ACADIA HEALTHCARE COM 00404A109 200 3,025 SH   SOLE   1,175 0 1,850
ACUITY BRANDS INC COM 00508Y102 6,614 37,671 SH   SOLE   11,113 0 26,558
ADOBE SYSTEMS INC COM 00724F101 8,154 99,175 SH   SOLE   29,735 0 69,440
AEGEAN MARINE PETROLEUM COM Y0017S102 1,773 262,985 SH   SOLE   146,585 0 116,400
ALLEGIANT TRAVEL COM 01748X102 216 1,000 SH   SOLE   450 0 550
ALLERGAN PLC COM G0177J108 6,166 22,684 SH   SOLE   6,739 0 15,945
ALLSCRIPTS HEALTHCARE COM 01988P108 326 26,284 SH   SOLE   10,954 0 15,330
ALMOST FAMILY INC COM 020409108 2,562 63,965 SH   SOLE   37,255 0 26,710
ALTRIA GROUP COM 02209S103 7,865 144,580 SH   SOLE   104,780 0 39,800
AMERICAN SOFTWARE A COM 029683109 2,600 275,962 SH   SOLE   162,345 0 113,617
AMERIPRISE FINANCIAL COM 03076C106 8,725 79,954 SH   SOLE   55,685 0 24,269
AMPHENOL CORP-CL A COM 032095101 4,351 85,385 SH   SOLE   22,935 0 62,450
AMSURG CORP COM COM 03232P405 258 3,315 SH   SOLE   1,300 0 2,015
ANDERSONS INC COM COM 034164103 267 7,850 SH   SOLE   3,460 0 4,390
ANTHEM INC COM 036752103 9,276 66,255 SH   SOLE   47,980 0 18,275
APPLE INC COM 037833100 31,336 284,094 SH   SOLE   107,184 0 176,910
ASCENA RETAIL GROUP COM 04351G101 477 34,270 SH   SOLE   14,745 0 19,525
AT & T INC COM COM 00206R102 22,586 693,240 SH   SOLE   495,140 0 198,100
AVNET INC COM 053807103 4,254 99,670 SH   SOLE   72,195 0 27,475
AVX CORP COM 002444107 338 25,793 SH   SOLE   11,098 0 14,695
BANC OF CALIFORNIA COM 05990K106 3,541 288,613 SH   SOLE   164,715 0 123,898
BANK OF COMMERCE HOLDINGS COM 06424J103 1,053 182,111 SH   SOLE   106,030 0 76,081
BANNER CORP COM 06652V208 571 11,961 SH   SOLE   4,471 0 7,490
BAR HARBOR BANKSHARES COM 066849100 911 28,480 SH   SOLE   16,280 0 12,200
BARRETT BUSINESS SVCS INC COM 068463108 3,835 89,320 SH   SOLE   51,830 0 37,490
BERKSHIRE HILLS BANC COM 084680107 2,986 108,430 SH   SOLE   59,216 0 49,214
BIG LOTS INC COM 089302103 369 7,705 SH   SOLE   3,325 0 4,380
BIOGEN INC COM 09062X103 4,524 15,502 SH   SOLE   4,742 0 10,760
BLACK BOX CORP COM 091826107 1,439 97,623 SH   SOLE   55,520 0 42,103
BLACKROCK CAPITAL INVEST COM 092533108 306 34,500 SH   SOLE   14,775 0 19,725
BLOOMIN' BRANDS INC COM 094235108 440 24,205 SH   SOLE   10,200 0 14,005
BOEING CO COM 097023105 8,963 68,448 SH   SOLE   49,598 0 18,850
BRISTOL-MYERS SQUIBB CO COM 110122108 7,260 122,638 SH   SOLE   36,163 0 86,475
BROCADE COMMUNICATIONS SYS COM 111621306 3,982 383,645 SH   SOLE   277,970 0 105,675
CALIFORNIA RESOURCES COM 13057Q107 108 41,510 SH   SOLE   17,470 0 24,040
CAPITAL CITY BK GROUP COM 139674105 2,869 192,310 SH   SOLE   112,910 0 79,400
CAPITAL ONE FINANCIAL CORP COM 14040H105 11,638 160,482 SH   SOLE   114,097 0 46,385
CARPENTER TECHNOLOGY COM 144285103 317 10,659 SH   SOLE   4,504 0 6,155
CASEY'S GENERAL STORES INC COM 147528103 224 2,175 SH   SOLE   925 0 1,250
CBIZ INC COM 124805102 2,921 297,422 SH   SOLE   165,075 0 132,347
CBRE GROUP INC - A COM 12504L109 6,228 194,640 SH   SOLE   56,680 0 137,960
CECO ENVIRONMENTAL COM 125141101 2,780 339,385 SH   SOLE   184,410 0 154,975
CELADON GROUP INC COM 150838100 3,036 189,490 SH   SOLE   106,940 0 82,550
CELGENE CORP COM 151020104 6,389 59,060 SH   SOLE   16,835 0 42,225
CENTURY CASINOS INC COM 156492100 2,245 364,965 SH   SOLE   205,950 0 159,015
CENTURY COMMUNITIES INC COM 156504300 2,915 146,855 SH   SOLE   86,995 0 59,860
CF INDUSTRIES HOLDINGS INC COM 125269100 2,409 53,645 SH   SOLE   38,870 0 14,775
CHEVRON CORP COM 166764100 20,919 265,205 SH   SOLE   192,180 0 73,025
CISCO SYSTEMS COM 17275R102 18,489 704,340 SH   SOLE   496,290 0 208,050
CITIGROUP INC COM 172967424 23,124 466,121 SH   SOLE   333,606 0 132,515
COLUMBUS MCKINNON N Y COM COM 199333105 2,560 140,970 SH   SOLE   78,880 0 62,090
COMFORT SYS USA INC COM COM 199908104 444 16,285 SH   SOLE   6,280 0 10,005
COMPUTER TASK GROUP COM 205477102 1,090 176,125 SH   SOLE   99,790 0 76,335
CONCURRENT COMPUTER COM 206710402 1,405 297,769 SH   SOLE   179,140 0 118,629
CONSOLIDATED EDISON INC COM 209115104 12,525 187,355 SH   SOLE   135,780 0 51,575
CORNING INC COM 219350105 6,137 358,458 SH   SOLE   259,908 0 98,550
COSTCO CORP COM 22160K105 6,366 44,033 SH   SOLE   13,158 0 30,875
COVENANT TRANSPORTATION COM 22284P105 2,619 145,765 SH   SOLE   85,850 0 59,915
CRA INTERNATIONAL COM 12618T105 2,786 129,085 SH   SOLE   75,410 0 53,675
CROSS COUNTRY HEALTH COM 227483104 1,464 107,550 SH   SOLE   64,230 0 43,320
CSX CORP COM 126408103 3,476 129,235 SH   SOLE   93,610 0 35,625
CVS HEALTH COM 126650100 8,795 91,155 SH   SOLE   26,985 0 64,170
DAKTRONICS INC COM 234264109 1,573 181,474 SH   SOLE   103,140 0 78,334
DANAHER CORP COM 235851102 6,285 73,760 SH   SOLE   22,160 0 51,600
DELTA AIRLINES COM 247361702 18,234 406,384 SH   SOLE   211,544 0 194,840
DELTIC TIMBER CORP COM 247850100 372 6,220 SH   SOLE   2,675 0 3,545
DIGIRAD CORP COM 253827109 1,340 358,358 SH   SOLE   216,800 0 141,558
DIME COMMUNITY BANC COM 253922108 3,382 200,095 SH   SOLE   110,195 0 89,900
DISCOVER FINL SERVICES COM 254709108 6,877 132,285 SH   SOLE   89,960 0 42,325
DOW CHEMICAL COM 260543103 7,964 187,823 SH   SOLE   136,093 0 51,730
DSW INC-CLASS A COM 23334L102 371 14,640 SH   SOLE   6,165 0 8,475
DUCOMMUN INC COM 264147109 2,816 140,325 SH   SOLE   82,230 0 58,095
EBAY INC COM COM 278642103 2,828 115,710 SH   SOLE   33,940 0 81,770
ELECTRO SCIENTIFIC COM 285229100 1,228 264,747 SH   SOLE   149,860 0 114,887
ELECTRONIC ARTS INC COM 285512109 3,201 47,244 SH   SOLE   14,364 0 32,880
EMCOR GROUP INC COM 29084Q100 296 6,685 SH   SOLE   2,805 0 3,880
ENCORE WIRE CORP COM 292562105 437 13,384 SH   SOLE   5,099 0 8,285
ENERSYS COM 29275Y102 500 9,330 SH   SOLE   3,975 0 5,355
ENTEGRIS INC COM 29362U104 376 28,494 SH   SOLE   10,204 0 18,290
ESSA BANCORP INC COM 29667D104 2,042 157,590 SH   SOLE   95,480 0 62,110
ESTEE LAUDER A COM 518439104 4,181 51,828 SH   SOLE   15,323 0 36,505
EVERI HOLDINGS COM 30034T103 2,583 503,450 SH   SOLE   296,325 0 207,125
EVOLUTION PETROLEUM COM 30049A107 554 99,830 SH   SOLE   55,235 0 44,595
EXACTECH, INC COM 30064E109 1,035 59,409 SH   SOLE   33,615 0 25,794
EXELON CORP COM COM 30161N101 10,252 345,195 SH   SOLE   250,095 0 95,100
EXFO INC COM 302046107 758 251,673 SH   SOLE   132,736 0 118,937
FABRINET COM G3323L100 316 17,240 SH   SOLE   7,345 0 9,895
FACEBOOK INC-A COM 30303M102 15,105 168,025 SH   SOLE   50,405 0 117,620
FEDERAL AGRIC MTG CORP CL C COM 313148306 2,194 84,627 SH   SOLE   48,025 0 36,602
FIDELITY & GUARANTY LIFE COM 315785105 359 14,610 SH   SOLE   6,160 0 8,450
FINANCIAL INSTNS INC COM 317585404 2,768 111,701 SH   SOLE   62,646 0 49,055
FIREEYE INC COM 31816Q101 1,607 50,490 SH   SOLE   15,415 0 35,075
FIRST BANCORP INC ME COM 31866P102 1,080 56,525 SH   SOLE   31,950 0 24,575
FIRST FINANCIAL COM 320218100 2,810 86,865 SH   SOLE   50,955 0 35,910
FIRST INTERNET BANC COM 320557101 2,631 82,351 SH   SOLE   47,859 0 34,492
FIRSTENERGY CORP COM 337932107 11,568 369,460 SH   SOLE   261,515 0 107,945
FIRSTMERIT CORP COM COM 337915102 418 23,675 SH   SOLE   10,050 0 13,625
FISERV INC COM 337738108 10,088 116,478 SH   SOLE   31,734 0 84,744
FOOT LOCKER INC COM 344849104 6,345 88,157 SH   SOLE   63,857 0 24,300
FORESTAR REAL ESTATE GROUP COM 346233109 255 19,378 SH   SOLE   8,413 0 10,965
FORTINET INC COM 34959E109 5,954 140,164 SH   SOLE   39,839 0 100,325
FREIGHTCAR AMER INC COM COM 357023100 992 57,780 SH   SOLE   32,685 0 25,095
GAIN CAPITAL HOLDINGS COM 36268W100 2,402 329,917 SH   SOLE   189,240 0 140,677
GAMESTOP CORP A COM 36467W109 5,515 133,815 SH   SOLE   96,940 0 36,875
GENERAL DYNAMICS COM 369550108 17,617 127,704 SH   SOLE   90,285 0 37,419
GENERAL MOTORS CO COM 37045V100 13,419 447,014 SH   SOLE   323,814 0 123,200
GIBRALTAR INDUSTRIES COM 374689107 3,761 204,981 SH   SOLE   114,863 0 90,118
GILEAD SCIENCES COM 375558103 8,112 82,616 SH   SOLE   24,226 0 58,390
GOLDMAN SACHS COM 38141G104 14,071 80,981 SH   SOLE   57,806 0 23,175
GOOGLE A COM 38259P508 8,553 13,398 SH   SOLE   3,998 0 9,400
GOPRO INC CL A COM 38268T103 839 26,875 SH   SOLE   10,190 0 16,685
GRANITE CONSTRUCTION INC COM 387328107 338 11,380 SH   SOLE   4,780 0 6,600
GULF ISLAND FABRICATN COM 402307102 1,202 114,125 SH   SOLE   64,660 0 49,465
HAIN CELESTIAL GROUP INC COM 405217100 1,833 35,527 SH   SOLE   10,162 0 25,365
HANMI FINANCIAL CORP COM 410495204 3,669 145,604 SH   SOLE   78,163 0 67,441
HARDINGE INC COM COM 412324303 2,129 232,118 SH   SOLE   138,740 0 93,378
HARTFORD FINANCIAL SERVICES COM 416515104 9,867 215,530 SH   SOLE   152,217 0 63,313
HARVARD BIOSCIENCE INC COM COM 416906105 1,759 465,305 SH   SOLE   272,350 0 192,955
HAVERTY FURNITURE COM 419596101 2,893 123,195 SH   SOLE   72,680 0 50,515
HAYNES INTERNATIONAL COM 420877201 1,689 44,640 SH   SOLE   25,225 0 19,415
HERMAN MILLER INC COM 600544100 473 16,385 SH   SOLE   7,045 0 9,340
HILL INTERNATIONAL COM 431466101 2,046 623,690 SH   SOLE   363,935 0 259,755
HILTON HOTELS CORP COM COM 43300a104 4,382 191,000 SH   SOLE   56,050 0 134,950
HMS HOLDINGS CORP COM 40425J101 273 31,075 SH   SOLE   13,300 0 17,775
HOME DEPOT INC COM 437076102 12,741 110,320 SH   SOLE   32,435 0 77,885
HOMESTREET INC COM 43785V102 3,157 136,665 SH   SOLE   78,885 0 57,780
HOMETRUST BANCSHARES COM 437872104 2,969 160,050 SH   SOLE   91,705 0 68,345
HONEYWELL INTERNATIONAL COM 438516106 3,972 41,945 SH   SOLE   12,125 0 29,820
HORIZON BANCORP IND COM COM 440407104 2,045 86,100 SH   SOLE   48,755 0 37,345
HORMEL FOODS CORP COM 440452100 6,323 99,870 SH   SOLE   28,220 0 71,650
ILLUMINA INC COM 452327109 4,593 26,125 SH   SOLE   7,603 0 18,522
INCYTE CORP COM 45337C102 2,492 22,583 SH   SOLE   6,358 0 16,225
INDEPENDENT BANK MA COM 453836108 346 7,511 SH   SOLE   3,156 0 4,355
INDEPENDENT BANK MI COM 453838609 2,984 202,192 SH   SOLE   119,680 0 82,512
INTEL CORP COM 458140100 15,099 500,947 SH   SOLE   312,532 0 188,415
INTERCONTINENTAL EXCH COM 45866F104 7,500 31,915 SH   SOLE   9,155 0 22,760
IXYS CORP COM 46600W106 2,754 246,730 SH   SOLE   143,435 0 103,295
JABIL CIRCUIT INC COM 466313103 7,232 323,270 SH   SOLE   234,195 0 89,075
JANUS CAPITAL COM 47102X105 5,812 427,380 SH   SOLE   302,755 0 124,625
JPMORGAN CHASE COM 46625H100 23,946 392,755 SH   SOLE   281,415 0 111,340
KEYCORP COM 493267108 11,733 901,856 SH   SOLE   653,549 0 248,307
KOHLS CORP COM 500255104 4,354 94,020 SH   SOLE   68,195 0 25,825
LA Z BOY INC COM 505336107 552 20,782 SH   SOLE   7,972 0 12,810
LEAR CORP COM 521865204 8,779 80,705 SH   SOLE   58,500 0 22,205
LHC GROUP COM 50187A107 355 7,940 SH   SOLE   3,485 0 4,455
LIFETIME BRANDS COM 53222Q103 340 24,315 SH   SOLE   13,720 0 10,595
LIONS GATE ENTERTAINMENT COM 535919203 7,892 214,450 SH   SOLE   60,200 0 154,250
LITHIA MOTORS A COM 536797103 6,558 60,665 SH   SOLE   17,390 0 43,275
LKQ CORP COM 501889208 3,728 131,469 SH   SOLE   38,684 0 92,785
LOCKHEED MARTIN CORP COM 539830109 6,658 32,115 SH   SOLE   9,665 0 22,450
LRAD CORP COM 50213V109 596 356,660 SH   SOLE   201,445 0 155,215
MAINSOURCE FINANCIAL COM 56062Y102 4,015 197,223 SH   SOLE   110,689 0 86,534
MARATHON PETROLEUM CORP COM 56585A102 13,923 300,519 SH   SOLE   217,799 0 82,720
MARINEMAX INC COM COM 567908108 3,070 217,240 SH   SOLE   128,755 0 88,485
MARTEN TRANS LTD COM 573075108 2,361 146,005 SH   SOLE   82,550 0 63,455
MATRIX SVC CO COM 576853105 236 10,518 SH   SOLE   4,558 0 5,960
MCDONALD'S CORP COM 580135101 5,565 56,485 SH   SOLE   16,885 0 39,600
MEDTRONIC PLC COM G5960L103 5,779 86,325 SH   SOLE   25,477 0 60,848
MENTOR GRAPHICS CORP COM 587200106 373 15,135 SH   SOLE   5,415 0 9,720
META FINANCIAL GROUP COM 59100U108 3,426 82,021 SH   SOLE   48,403 0 33,618
MICROSOFT CORP COM 594918104 235 5,300 SH   SOLE   0 0 5,300
MIDDLEBY CORP COM COM 596278101 5,421 51,537 SH   SOLE   15,747 0 35,790
MOHAWK INDUSTRIES COM 608190104 5,828 32,057 SH   SOLE   9,242 0 22,815
MONARCH FINANCIAL COM 60907Q100 1,359 109,706 SH   SOLE   65,995 0 43,711
NEW YORK AND COMPANY INC COM 649295102 948 382,411 SH   SOLE   220,145 0 162,266
NORFOLK SOUTHERN CORP COM 655844108 5,928 77,590 SH   SOLE   54,136 0 23,454
NORTHRIM BANCORP INC COM 666762109 1,148 39,680 SH   SOLE   22,535 0 17,145
NORTHWEST PIPE CO COM COM 667746101 814 62,325 SH   SOLE   35,330 0 26,995
OLD NATIONAL BANCORP COM 680033107 445 31,967 SH   SOLE   13,722 0 18,245
OLYMPIC STEEL INC COM COM 68162K106 2,365 237,645 SH   SOLE   140,225 0 97,420
ONE GAS INC COM 68235P108 274 6,045 SH   SOLE   2,635 0 3,410
ORION MARINE GROUP COM 68628V308 2,968 496,255 SH   SOLE   291,955 0 204,300
PACIFIC ETHANOL INC COM COM 69423U305 2,078 320,225 SH   SOLE   183,540 0 136,685
PALO ALTO NETWORKS INC COM 697435105 4,185 24,330 SH   SOLE   6,980 0 17,350
PAYPAL INC COM COM 70450Y103 4,672 150,525 SH   SOLE   43,755 0 106,770
PEOPLES BANCORP INC COM 709789101 3,033 145,890 SH   SOLE   81,930 0 63,960
PERRY ELLIS COM 288853104 3,560 162,125 SH   SOLE   92,550 0 69,575
PETROQUEST ENERGY COM 716748108 1,090 931,863 SH   SOLE   546,962 0 384,901
PHILIP MORRIS INTERNATIONAL COM 718172109 5,302 66,838 SH   SOLE   20,328 0 46,510
PHOTRONICS COM 719405102 2,284 252,062 SH   SOLE   138,535 0 113,527
PLEXUS CORP COM 729132100 308 7,990 SH   SOLE   3,290 0 4,700
PNC FINANCIAL SERVICES GROUP COM 693475105 16,300 182,730 SH   SOLE   132,350 0 50,380
PORTLAND GENERAL ELECTRIC COM 736508847 574 15,533 SH   SOLE   4,868 0 10,665
PPL CORPORATION COM 69351T106 13,410 407,715 SH   SOLE   287,765 0 119,950
PRIMERICA INC COM 74164M108 285 6,330 SH   SOLE   2,725 0 3,605
PRUDENTIAL FINANCIAL COM 744320102 6,752 88,600 SH   SOLE   62,425 0 26,175
QLIK TECHNOLOGIES INC COM 74733T105 259 7,092 SH   SOLE   3,025 0 4,067
QLOGIC CORP COM 747277101 340 33,210 SH   SOLE   14,370 0 18,840
QUEST DIAGNOSTICS INC COM 74834L100 8,081 131,455 SH   SOLE   91,620 0 39,835
RING ENERGY INC COM 76680V108 2,076 210,320 SH   SOLE   120,985 0 89,335
RUBY TUESDAY INC COM 781182100 2,148 345,815 SH   SOLE   201,185 0 144,630
RUDOLPH TECHNOLOGIES COM 781270103 2,490 199,965 SH   SOLE   113,830 0 86,135
SAFEGUARD SCIENTIFICS COM 786449207 2,391 153,854 SH   SOLE   91,895 0 61,959
SALESFORCE COM COM 79466L302 2,542 36,613 SH   SOLE   10,808 0 25,805
SARATOGA INVEST CORP COM 80349A208 1,410 87,325 SH   SOLE   49,173 0 38,152
SEACHANGE INTL INC COM COM 811699107 2,387 378,940 SH   SOLE   223,495 0 155,445
SERVICENOW INC COM 81762P102 293 4,225 SH   SOLE   0 0 4,225
SI FINANCIAL GROUP COM 78425V104 1,170 98,326 SH   SOLE   56,250 0 42,076
SIERRA BANCORP COM COM 82620P102 1,712 107,280 SH   SOLE   63,870 0 43,410
SIGNATURE BANK COM 82669G104 5,825 42,342 SH   SOLE   12,622 0 29,720
SILICOM LTD COM M84116108 1,887 69,932 SH   SOLE   41,802 0 28,130
SIRONA DENTAL SYS INC COM COM 82966C103 4,171 44,690 SH   SOLE   12,995 0 31,695
SNAP-ON INC COM 833034101 9,581 63,477 SH   SOLE   17,862 0 45,615
SPARTAN MOTORS INC COM 846819100 2,558 619,352 SH   SOLE   366,080 0 253,272
SPARTANNASH COM 847215100 232 8,965 SH   SOLE   3,700 0 5,265
SPOK HOLDINGS COM 84863T106 1,298 78,849 SH   SOLE   44,992 0 33,857
STAGE STORES INC COM 85254C305 840 85,390 SH   SOLE   48,210 0 37,180
STARBUCKS CORP COM 855244109 7,007 123,270 SH   SOLE   33,495 0 89,775
STEIN MART INC COM 858375108 3,606 372,570 SH   SOLE   211,515 0 161,055
STERLING CONSTRUCTION COM 859241101 2,624 638,415 SH   SOLE   377,925 0 260,490
SUNTRUST BANKS INC COM 867914103 5,345 139,770 SH   SOLE   101,220 0 38,550
SYNAPTICS INC COM COM 87157D109 337 4,086 SH   SOLE   1,726 0 2,360
SYSTEMAX INC COM COM 871851101 1,255 167,565 SH   SOLE   94,845 0 72,720
TARGET CORP COM 87612E106 10,370 131,830 SH   SOLE   92,480 0 39,350
TELECOMMUNICATION SYS CL A COM 87929J103 1,965 571,250 SH   SOLE   344,450 0 226,800
TEMPUR SEALY INTERNATIONAL I COM 88023U101 4,645 65,028 SH   SOLE   18,818 0 46,210
TERRITORIAL BANCORP INC COM 88145X108 3,299 126,686 SH   SOLE   74,025 0 52,661
TESCO CORP COM 88157K101 1,040 145,622 SH   SOLE   82,630 0 62,992
THE TRAVELERS CO COM 89417E109 16,802 168,811 SH   SOLE   119,018 0 49,793
TJX COMPANIES INC COM 872540109 6,201 86,825 SH   SOLE   25,405 0 61,420
TOWNE BANK COM 89214P109 3,494 185,335 SH   SOLE   105,775 0 79,560
TRACTOR SUPPLY COMPANY COM 892356106 6,066 71,935 SH   SOLE   20,585 0 51,350
TRAVELCENTERS OF AMERICA COM 894174101 2,483 240,370 SH   SOLE   135,690 0 104,680
TRI POINTE GROUP COM 87265H109 454 34,720 SH   SOLE   14,765 0 19,955
TWITTER INC COM 90184L102 1,742 64,665 SH   SOLE   18,300 0 46,365
TYSON FOODS A COM 902494103 7,597 176,275 SH   SOLE   127,815 0 48,460
ULTA SALON COM 90384S303 6,486 39,707 SH   SOLE   10,822 0 28,885
UNITED CMNTY FINL OHIO COM COM 909839102 1,576 315,240 SH   SOLE   179,155 0 136,085
UNITED HEALTH GROUP COM 91324P102 5,964 51,412 SH   SOLE   14,720 0 36,692
UNITED INSURANCE HOLDINGS COM 910710102 3,317 252,265 SH   SOLE   143,940 0 108,325
UNIVERSAL STAINLESS COM 913837100 1,732 163,735 SH   SOLE   92,595 0 71,140
UNUM GROUP COM 91529Y106 11,716 365,209 SH   SOLE   259,389 0 105,820
VALSPAR CORP COM 920355104 5,919 82,350 SH   SOLE   23,110 0 59,240
VERIZON COMM INC COM 92343V104 11,946 274,565 SH   SOLE   197,890 0 76,675
VISA INC A COM 92826C839 15,154 217,545 SH   SOLE   63,352 0 154,193
WALT DISNEY CO COM 254687106 9,864 96,512 SH   SOLE   26,857 0 69,655
WASHINGTON TRUST BANCORP COM 940610108 2,583 67,177 SH   SOLE   38,313 0 28,864
WATSCO INC COM 942622200 207 1,750 SH   SOLE   750 0 1,000
WAYSIDE TECHNOLOGY GROUP COM 946760105 1,178 69,298 SH   SOLE   39,340 0 29,958
WCI COMMUNITIES INC COM 92923C807 3,887 171,784 SH   SOLE   98,210 0 73,574
WEST MARINE INC COM COM 954235107 2,720 309,790 SH   SOLE   180,360 0 129,430
WESTELL TECHNOLOGIES A COM 957541105 607 532,345 SH   SOLE   267,775 0 264,570
WHITEWAVE FOODS CO - A COM 966244105 4,457 111,003 SH   SOLE   32,528 0 78,475
WILLIAMS-SONOMA INC COM 969904101 3,388 44,377 SH   SOLE   11,442 0 32,935
XCERRA CORP COM 98400J108 2,656 423,000 SH   SOLE   240,190 0 182,810
BP PLC ADR ADR 055622104 6,755 221,025 SH   SOLE   156,395 0 64,630
ROYAL DUTCH SHELL PLC ADR ADR 780259107 12,360 260,315 SH   SOLE   185,490 0 74,825
SANOFI-AVENTIS SAADR ADR 80105N105 12,559 264,561 SH   SOLE   191,661 0 72,900
TEVA PHARMA ADR ADR 881624209 12,262 217,187 SH   SOLE   154,237 0 62,950