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
Accenture PLC Ireland Class A COM g1151c101 2,816 17,216 SH   SOLE   9,516 0 7,700
ACNB Corp COM 000868109 1,090 32,009 SH   SOLE   9 0 32,000
Addus Homecare Corp COM 006739106 1,031 18,006 SH   SOLE   6 0 18,000
Adobe Systems Inc COM 00724f101 2,945 12,080 SH   SOLE   6,480 0 5,600
advanced emissions soluts inc COM 00770c101 1,364 120,037 SH   SOLE   37 0 120,000
American Software Inc Cl A COM 029683109 1,079 74,023 SH   SOLE   23 0 74,000
Ametek Inc COM 031100100 1,523 21,100 SH   SOLE   6,100 0 15,000
Amgen Inc COM 031162100 1,563 8,466 SH   SOLE   2,466 0 6,000
Amphenol Corp New COM 032095101 2,737 31,403 SH   SOLE   17,903 0 13,500
Analog Devices Inc COM 032654105 1,400 14,600 SH   SOLE   1,600 0 13,000
Ani Pharmaceuticals Inc COM 00182c103 1,670 25,007 SH   SOLE   7 0 25,000
Ansys Inc COM 03662q105 1,643 9,430 SH   SOLE   2,730 0 6,700
Aon Plc COM g0408v102 2,492 18,166 SH   SOLE   10,666 0 7,500
Apple Inc COM 037833100 2,892 15,623 SH   SOLE   9,123 0 6,500
Aptiv PLC COM g6095l109 1,558 17,001 SH   SOLE   5,001 0 12,000
Ares Coml Real Estate Corp COM 04013v108 1,243 90,030 SH   SOLE   30 0 90,000
Arrow Electronics Inc COM 042735100 1,436 19,080 SH   SOLE   5,580 0 13,500
bankfinancial corp COM 06643p104 1,077 61,018 SH   SOLE   18 0 61,000
Baycom Corp COM 07272m107 544 22,000 SH   SOLE   0 0 22,000
bg staffing inc COM 05544a109 977 42,012 SH   SOLE   12 0 42,000
Blue Bird Corp COM 095306106 1,297 58,017 SH   SOLE   17 0 58,000
Boeing Co COM 097023105 1,552 4,627 SH   SOLE   1,317 0 3,310
Bryn Mawr Bank Corp COM 117665109 862 18,621 SH   SOLE   6 0 18,615
BSB Bancorp Inc MD COM 05573h108 1,067 31,009 SH   SOLE   9 0 31,000
Cadence Design System Inc COM 127387108 1,312 30,300 SH   SOLE   3,300 0 27,000
CAE Inc COM 124765108 1,531 73,710 SH   SOLE   73,710 0 0
CAI International Inc COM 12477x106 790 34,010 SH   SOLE   10 0 34,000
Caledonia Mining Corp PLC COM g1757e113 125 14,800 SH   SOLE   0 0 14,800
cambium learning grp inc COM 13201a107 1,074 96,299 SH   SOLE   299 0 96,000
Canadian Imperial Bank Comm To COM 136069101 1,444 16,611 SH   SOLE   16,611 0 0
CBIZ Inc COM 124805102 1,373 59,687 SH   SOLE   161 0 59,526
CDW Corp COM 12514g108 1,705 21,100 SH   SOLE   6,100 0 15,000
century bancorp inc mass COM 156432106 627 8,202 SH   SOLE   2 0 8,200
Century Communities Inc COM 156504300 1,105 35,011 SH   SOLE   11 0 35,000
CGI Groupe Inc Cl A COM 39945c109 2,122 33,508 SH   SOLE   33,508 0 0
Chase Corp COM 16150r104 998 8,511 SH   SOLE   28 0 8,483
Check Point Software Tech Ltd COM m22465104 10,292 105,361 SH   SOLE   47,231 0 58,130
Chemung Financial Corp COM 164024101 1,053 21,006 SH   SOLE   6 0 21,000
Cisco Systems Inc COM 17275r102 2,409 55,989 SH   SOLE   31,489 0 24,500
Cognizant Technology Solutions COM 192446102 1,453 18,400 SH   SOLE   5,400 0 13,000
Cohu Inc COM 192576106 1,128 46,015 SH   SOLE   15 0 46,000
computer programs & sys inc COM 205306103 856 26,008 SH   SOLE   8 0 26,000
Consolidated Tomoka Land Co COM 210226106 1,108 18,006 SH   SOLE   6 0 18,000
Constellation Brands Inc Cl A COM 21036p108 926 4,230 SH   SOLE   4,230 0 0
Control4 Corp COM 21240d107 1,167 48,014 SH   SOLE   14 0 48,000
CRA Intl Inc COM 12618t105 967 19,006 SH   SOLE   6 0 19,000
CRH Medical Corp COM 12626f105 868 280,077 SH   SOLE   77 0 280,000
Csw Industrials Inc COM 126402106 952 18,005 SH   SOLE   5 0 18,000
cts corp COM 126501105 1,152 32,010 SH   SOLE   10 0 32,000
cynergistek inc COM 23258p105 630 160,000 SH   SOLE   0 0 160,000
Danaher Corp COM 235851102 2,531 25,646 SH   SOLE   14,326 0 11,320
dasan zhone solutions inc COM 23305l206 1,172 120,036 SH   SOLE   36 0 120,000
Depomed Inc COM 249908104 734 110,033 SH   SOLE   33 0 110,000
Diamond Hill Investment Group COM 25264r207 895 4,601 SH   SOLE   1 0 4,600
Dime Community Bancshares COM 253922108 897 46,013 SH   SOLE   13 0 46,000
Douglas Dynamics Inc COM 25960r105 624 13,004 SH   SOLE   4 0 13,000
Eastman Chem Co COM 277432100 2,571 25,724 SH   SOLE   14,624 0 11,100
Ecolab Inc COM 278865100 1,523 10,850 SH   SOLE   3,150 0 7,700
electro scientific inds COM 285229100 883 56,016 SH   SOLE   16 0 56,000
emclaire finl corp COM 290828102 360 10,499 SH   SOLE   0 0 10,499
Enanta Pharmaceuticals Inc COM 29251m106 1,742 15,029 SH   SOLE   29 0 15,000
Enterprise Financial Services COM 293712105 863 16,005 SH   SOLE   5 0 16,000
Exelon Corp COM 30161n101 1,052 24,688 SH   SOLE   24,688 0 0
Exxon Mobile Corp COM 30231g102 782 9,456 SH   SOLE   9,456 0 0
Facebook Inc Cl A COM 30303m102 2,762 14,215 SH   SOLE   8,115 0 6,100
Federal Agric Mtg Corp Cl C COM 313148306 985 11,003 SH   SOLE   3 0 11,000
FedEx Corp COM 31428x106 2,243 9,880 SH   SOLE   5,580 0 4,300
Fiat Chrysler Automobiles NV COM n31738102 1,177 62,313 SH   SOLE   62,313 0 0
finjan hldgs inc COM 31788h303 1,292 380,110 SH   SOLE   110 0 380,000
first defiance finl corp COM 32006w106 1,207 18,005 SH   SOLE   5 0 18,000
first savings finl group inc COM 33621e109 853 11,604 SH   SOLE   4 0 11,600
Fiserv Inc COM 337738108 2,826 38,140 SH   SOLE   21,940 0 16,200
Fonar Corp COM 344437405 1,412 53,182 SH   SOLE   16 0 53,166
FormFactor Inc COM 346375108 984 74,021 SH   SOLE   21 0 74,000
Fortis Inc COM 349553107 1,211 37,976 SH   SOLE   37,976 0 0
Foundation Building Materials COM 350392106 800 52,000 SH   SOLE   0 0 52,000
FS Bancorp Inc COM 30263y104 1,265 20,006 SH   SOLE   6 0 20,000
General Dynamics Corp COM 369550108 2,022 10,847 SH   SOLE   6,247 0 4,600
Globalscape Inc Com COM 37940g109 813 210,057 SH   SOLE   57 0 210,000
Great Ajax Corp COM 38983d300 1,136 86,827 SH   SOLE   27 0 86,800
Hackett Group Inc COM 404609109 1,413 87,911 SH   SOLE   28 0 87,883
Hallador Energy Company COM 40609p105 625 87,544 SH   SOLE   36 0 87,508
HCA Healthcare Inc COM 40412c101 1,611 15,700 SH   SOLE   1,700 0 14,000
Hennessy Advisors Inc COM 425885100 945 54,487 SH   SOLE   16 0 54,471
Hingham Inst Savings MA COM 433323102 1,023 4,655 SH   SOLE   1 0 4,654
Home Depot Inc COM 437076102 955 4,895 SH   SOLE   4,895 0 0
Honeywell Intl Inc COM 438516106 1,469 10,200 SH   SOLE   3,000 0 7,200
Hurco Companies Inc COM 447324104 627 14,004 SH   SOLE   4 0 14,000
Ichor Holdings COM g4740b105 1,214 57,208 SH   SOLE   208 0 57,000
Icon PLC COM g4705a100 9,248 69,780 SH   SOLE   36,620 0 33,160
Ihs Markit Ltd COM g47567105 1,371 26,570 SH   SOLE   7,570 0 19,000
Ingersoll-Rand PLC COM g47791101 1,427 15,901 SH   SOLE   4,401 0 11,500
Insurance Holdings Inc COM 91359v107 1,357 38,666 SH   SOLE   141 0 38,525
Intel Corp COM 458140100 1,471 29,585 SH   SOLE   8,585 0 21,000
intricon corp COM 46121h109 1,048 26,008 SH   SOLE   8 0 26,000
Intuitive Surgical Inc COM 46120e602 1,679 3,510 SH   SOLE   1,010 0 2,500
Iqvia Holdings Inc COM 46266c105 1,433 14,361 SH   SOLE   4,161 0 10,200
issuer direct corporation COM 46520m204 1,094 55,000 SH   SOLE   0 0 55,000
Johnson & Johnson COM 478160104 1,250 10,300 SH   SOLE   3,000 0 7,300
johnson outdoors inc COM 479167108 981 11,603 SH   SOLE   3 0 11,600
JPMorgan Chase & Co COM 46625h100 751 7,205 SH   SOLE   7,205 0 0
juniper pharmaceuticals inc COM 48203l107 1,137 130,642 SH   SOLE   42 0 130,600
Kadant Inc COM 48282t104 936 9,732 SH   SOLE   32 0 9,700
Kemet Corp COM 488360207 1,285 53,204 SH   SOLE   204 0 53,000
Kforce Inc COM 493732101 1,170 34,110 SH   SOLE   11 0 34,099
KMG Chemicals Inc COM 482564101 1,328 18,005 SH   SOLE   5 0 18,000
Koppers Holdings Inc COM 50060p106 844 22,007 SH   SOLE   7 0 22,000
Laboratory Corp America Holdin COM 50540r409 2,610 14,538 SH   SOLE   8,238 0 6,300
Lam Research Corp COM 512807108 1,262 7,300 SH   SOLE   2,200 0 5,100
Landmark Bancorp Inc COM 51504l107 1,058 37,114 SH   SOLE   11 0 37,103
Lear Corp COM 521865204 2,995 16,117 SH   SOLE   8,817 0 7,300
Lee Enterprises Inc COM 523768109 1,311 460,129 SH   SOLE   129 0 460,000
Lindblad Expeditions Holdings COM 535219109 676 51,014 SH   SOLE   14 0 51,000
LyondellBasell Industries NV A COM n53745100 2,494 22,704 SH   SOLE   12,804 0 9,900
mackinac finl corp COM 554571109 1,058 63,817 SH   SOLE   17 0 63,800
Magna Intl Inc COM 559222401 1,357 23,341 SH   SOLE   23,341 0 0
Malibu Boats Inc Cl A COM 56117j100 1,426 34,010 SH   SOLE   10 0 34,000
Mastech Digital Inc COM 57633b100 757 47,014 SH   SOLE   14 0 47,000
Mastercard Incorporated COM 57636q104 3,314 16,865 SH   SOLE   9,465 0 7,400
Mcbc Holdings Inc COM 55276f107 1,306 45,117 SH   SOLE   117 0 45,000
Medifast Inc COM 58470h101 1,218 7,602 SH   SOLE   2 0 7,600
Meet Group Inc COM 58513u101 560 125,000 SH   SOLE   0 0 125,000
Micron Technology Inc COM 595112103 1,369 26,100 SH   SOLE   7,500 0 18,600
Monster Beverage Corp COM 61174x109 1,536 26,800 SH   SOLE   7,800 0 19,000
Moodys Corp COM 615369105 3,041 17,832 SH   SOLE   10,032 0 7,800
MSCI Inc COM 55354g100 1,687 10,200 SH   SOLE   2,900 0 7,300
Nanometrics Inc COM 630077105 1,063 30,009 SH   SOLE   9 0 30,000
national cinemedia inc COM 635309107 1,344 160,048 SH   SOLE   48 0 160,000
National Presto Industries Inc COM 637215104 657 5,302 SH   SOLE   2 0 5,300
Natural Health Trends Corp COM 63888p406 1,326 53,017 SH   SOLE   17 0 53,000
Norbord Inc COM 65548p403 1,807 43,934 SH   SOLE   43,934 0 0
Northern Oil & Gas Inc Nev COM 665531109 945 300,084 SH   SOLE   84 0 300,000
Norwood Financial Corp COM 669549107 1,225 34,011 SH   SOLE   11 0 34,000
Nova Measuring Instruments Ltd COM m7516k103 1,025 37,631 SH   SOLE   114 0 37,517
Nv5 Global Inc COM 62945v109 1,043 15,048 SH   SOLE   48 0 15,000
Nvr Inc COM 62944t105 2,368 797 SH   SOLE   447 0 350
One Liberty Properties Inc COM 682406103 1,215 46,014 SH   SOLE   14 0 46,000
Oracle Corp COM 68389x105 2,179 49,445 SH   SOLE   28,245 0 21,200
orrstown finl svcs inc COM 687380105 650 25,008 SH   SOLE   8 0 25,000
pacific mercantile bancorp COM 694552100 634 65,020 SH   SOLE   20 0 65,000
Palatin Technologies Inc $ .01 COM 696077403 1,067 1,100,338 SH   SOLE   338 0 1,100,000
Perficient Inc COM 71375u101 1,718 65,132 SH   SOLE   132 0 65,000
Pfizer Inc COM 717081103 2,421 66,739 SH   SOLE   37,039 0 29,700
pgt innovations inc COM 69336v101 959 46,013 SH   SOLE   13 0 46,000
PPG Industries Inc COM 693506107 1,338 12,900 SH   SOLE   3,700 0 9,200
Profire Energy Inc COM 74316x101 406 120,000 SH   SOLE   0 0 120,000
Public Service Enterprise Grou COM 744573106 1,597 29,491 SH   SOLE   8,491 0 21,000
Raytheon Co COM 755111507 912 4,721 SH   SOLE   4,721 0 0
Roper Technologies Inc COM 776696106 2,634 9,548 SH   SOLE   5,248 0 4,300
Royal Bank of Canada Montreal COM 780087102 2,120 28,160 SH   SOLE   28,160 0 0
ruths hospitality group inc COM 783332109 561 20,000 SH   SOLE   0 0 20,000
S&P Global Inc COM 78409v104 2,888 14,165 SH   SOLE   7,565 0 6,600
Sachem Cap Corp COM 78590a109 943 230,000 SH   SOLE   0 0 230,000
Schnitzer Steel Industries Cl COM 806882106 640 19,006 SH   SOLE   6 0 19,000
silvercrest asset mgmt group i COM 828359109 1,125 69,021 SH   SOLE   21 0 69,000
Sirius XM Holdings Inc COM 82968b103 2,680 395,897 SH   SOLE   219,897 0 176,000
Smart Global Holdings Inc COM g8232y101 924 29,008 SH   SOLE   8 0 29,000
Solaris Oilfield Infrast Inc C COM 83418m103 858 60,018 SH   SOLE   18 0 60,000
Sterling Construction Co Inc COM 859241101 534 41,000 SH   SOLE   0 0 41,000
Stoneridge Inc COM 86183p102 1,267 36,057 SH   SOLE   11 0 36,046
Stryker Corp COM 863667101 2,438 14,435 SH   SOLE   7,535 0 6,900
Superior Uniform Group Inc COM 868358102 787 38,011 SH   SOLE   11 0 38,000
Synopsys Inc COM 871607107 1,731 20,226 SH   SOLE   5,826 0 14,400
TE Connectivity Ltd Reg COM h84989104 1,549 17,201 SH   SOLE   4,901 0 12,300
Texas Instruments Inc COM 882508104 2,431 22,053 SH   SOLE   12,553 0 9,500
Thermo Fisher Scientific Inc COM 883556102 2,608 12,589 SH   SOLE   6,989 0 5,600
TheStreet Inc COM 88368q103 173 79,368 SH   SOLE   0 0 79,368
Timberland Bancorp Inc COM 887098101 1,307 35,011 SH   SOLE   11 0 35,000
Toronto Dominion Bank Ont COM 891160509 1,906 32,944 SH   SOLE   32,944 0 0
Tpi Composites Inc COM 87266j104 1,345 46,014 SH   SOLE   14 0 46,000
Transcat Inc COM 893529107 1,247 65,984 SH   SOLE   20 0 65,964
Trico Bancshares COM 896095106 1,015 27,095 SH   SOLE   83 0 27,012
Tucows Inc COM 898697206 971 16,005 SH   SOLE   5 0 16,000
Turning Pt Brands Inc COM 90041l105 1,117 35,012 SH   SOLE   12 0 35,000
Unitedhealth Group Inc COM 91324p102 3,056 12,454 SH   SOLE   7,104 0 5,350
Unity Bancorp Inc COM 913290102 1,116 49,052 SH   SOLE   15 0 49,037
Utah Med Prods Inc COM 917488108 1,325 12,025 SH   SOLE   4 0 12,021
Valero Energy Corp COM 91913y100 746 6,729 SH   SOLE   6,729 0 0
Vectrus Inc COM 92242t101 1,378 44,713 SH   SOLE   13 0 44,700
Verisk Analytics Inc COM 92345y106 2,702 25,100 SH   SOLE   14,400 0 10,700
Visa Inc Cl A COM 92826c839 2,886 21,788 SH   SOLE   11,588 0 10,200
VSE Corp COM 918284100 1,004 21,007 SH   SOLE   7 0 21,000
Washington Tr Bancorp COM 940610108 982 16,905 SH   SOLE   5 0 16,900
West Bancorporation Inc Cap St COM 95123p106 1,115 44,323 SH   SOLE   13 0 44,310
Western Asset Mtg Cap Corp COM 95790d105 1,255 120,478 SH   SOLE   478 0 120,000
Whitehorse Fin Inc COM 96524v106 1,132 78,023 SH   SOLE   23 0 78,000
Willdan Group Inc COM 96924n100 1,084 35,010 SH   SOLE   10 0 35,000
Winmark Corp COM 974250102 1,797 12,102 SH   SOLE   35 0 12,067
xcerra corp COM 98400j108 1,090 78,023 SH   SOLE   23 0 78,000
Yum Brands Inc COM 988498101 896 11,454 SH   SOLE   11,454 0 0
Zagg Inc COM 98884u108 1,145 66,186 SH   SOLE   186 0 66,000
AerCap Holdings NV ADR n00985106 15,956 294,666 SH   SOLE   142,406 0 152,260
Alibaba Group Holding Ltd Sp A ADR 01609w102 11,559 62,304 SH   SOLE   46,804 0 15,500
Ase Industrial Holding Co Ltd ADR 00215w100 436 94,725 SH   SOLE   94,725 0 0
ASML Holding NV NY Registry ADR n07059210 1,261 6,372 SH   SOLE   6,372 0 0
AstraZeneca PLC Sp ADR ADR 046353108 277 7,900 SH   SOLE   7,900 0 0
Baidu Inc Sp ADR A ADR 056752108 1,141 4,695 SH   SOLE   4,695 0 0
China Mobile Limited Sp ADR ADR 16941m109 1,251 28,178 SH   SOLE   28,178 0 0
Chunghwa Telecom Co Ltd Sp ADR ADR 17133q502 400 11,137 SH   SOLE   11,137 0 0
Diageo PLC Sp ADR ADR 25243q205 1,769 12,284 SH   SOLE   12,284 0 0
Enel Americas SA Sp ADR ADR 29274f104 964 109,374 SH   SOLE   109,374 0 0
Fresenius Med Care AG & Co KGA ADR 358029106 1,420 28,201 SH   SOLE   28,201 0 0
HDFC Bank Ltd ADR Reps 3 ADR 40415f101 260 2,480 SH   SOLE   2,480 0 0
Honda Motor Ltd American ADR 438128308 1,224 41,801 SH   SOLE   41,801 0 0
Huami Corp Sp ADS ADR 44331k103 788 80,024 SH   SOLE   24 0 80,000
Infosys Ltd Sp ADR ADR 456788108 956 49,204 SH   SOLE   49,204 0 0
KB Financial Group Inc Sp ADR ADR 48241a105 214 4,597 SH   SOLE   4,597 0 0
Koninklijke Philips NV NY Reg ADR 500472303 1,478 34,958 SH   SOLE   34,958 0 0
KT Corp Sp ADR ADR 48268k101 883 66,525 SH   SOLE   66,525 0 0
Momo Inc ADR ADR 60879b107 1,417 32,578 SH   SOLE   32,578 0 0
Orange Sp ADR ADR 684060106 1,407 84,423 SH   SOLE   84,423 0 0
ORIX Corp Sp ADR ADR 686330101 1,215 15,382 SH   SOLE   15,382 0 0
Relx NV Sp ADR ADR 75955b102 1,821 85,383 SH   SOLE   85,383 0 0
Royal Dutch Shell PLC Sp ADR A ADR 780259206 1,512 21,840 SH   SOLE   21,840 0 0
Sap SE Sp ADR ADR 803054204 17,006 147,038 SH   SOLE   71,181 0 75,857
Shire PLC Sp ADR ADR 82481r106 1,417 8,395 SH   SOLE   8,395 0 0
Sinopec Shanghai Petrochemical ADR 82935m109 1,203 20,050 SH   SOLE   20,050 0 0
SK Telecom Ltd Sp ADR ADR 78440p108 1,132 48,531 SH   SOLE   48,531 0 0
Taiwan Semiconductor Mfg Ltd S ADR 874039100 3,498 95,676 SH   SOLE   95,676 0 0
Ternium SA Sp ADR ADR 880890108 864 24,815 SH   SOLE   24,815 0 0
Total SA Sp ADR ADR 89151e109 588 9,710 SH   SOLE   9,710 0 0
Toyota Motor Corp Sp ADR 2 ADR 892331307 4,051 31,446 SH   SOLE   31,446 0 0
WNS Holdings Ltd Sp ADR ADR 92932m101 2,088 40,008 SH   SOLE   40,008 0 0