DALTON GREINER HARTMAN MAHER & CO Activity Q4 1999-Q2 2021

Q2 2021

			Value		Shares		↓ Weighting
	New	NAna	$0	–	0	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
VER	Exit	VEREIT INC COM	$0	–	-10,876	–	-0.01%	–
BRX	Exit	BRIXMOR PPTY GROUP INC COM	$0	–	-12,006	–	-0.02%	–
FTAI	Exit	FORTRESS TRANS INFRST INVS LLC	$0	–	-12,573	–	-0.04%	–
UHS	Exit	UNIVERSAL HLTH SVCS INC CL B	$0	–	-2,177	–	-0.04%	–
CFG	Exit	CITIZENS FINL GROUP INC COM	$0	–	-9,665	–	-0.04%	–
OC	Exit	OWENS CORNING NEW COM	$0	–	-3,683	–	-0.04%	–
PGR	Exit	PROGRESSIVE CORP OHIO COM	$0	–	-3,036	–	-0.05%	–
DGICA	Exit	DONEGAL GROUP INC CL A	$0	–	-33,423	–	-0.08%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-42,802	–	-0.12%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-73,078	–	-0.13%	–
RJF	Exit	RAYMOND JAMES FINANCIAL INC CO	$0	–	-12,143	–	-0.14%	–
PEAK	Exit	HEALTHPEAK PROPERTIES INC COM	$0	–	-37,648	–	-0.17%	–
HHC	Exit	HOWARD HUGHES CORP COM	$0	–	-17,882	–	-0.17%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-85,850	–	-0.17%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-146,600	–	-0.17%	–
TALO	Exit	TALOS ENERGY INC COM	$0	–	-168,894	–	-0.18%	–
CPK	Exit	CHESAPEAKE UTILS CORP COM	$0	–	-12,958	–	-0.18%	–
PNC	Exit	PNC FINL SVCS GROUP INC COM	$0	–	-10,302	–	-0.18%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-35,594	–	-0.19%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-29,792	–	-0.19%	–
RF	Exit	REGIONS FINANCIAL CORP NEW COM	$0	–	-102,177	–	-0.19%	–
MYFW	Exit	FIRST WESTN FINL INC COM	$0	–	-92,179	–	-0.20%	–
SONA	Exit	SOUTHERN NATL BANCORP OF VA IN	$0	–	-139,391	–	-0.20%	–
COG	Exit	CABOT OIL & GAS CORP COM	$0	–	-70,420	–	-0.20%	–
CIO	Exit	CITY OFFICE REIT INC COM	$0	–	-163,932	–	-0.20%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP COM	$0	–	-21,375	–	-0.20%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-12,801	–	-0.20%	–
KE	Exit	KIMBALL ELECTRONICS INC COM	$0	–	-107,681	–	-0.20%	–
NVEC	Exit	NVE CORP COM NEW	$0	–	-27,003	–	-0.22%	–
FBNC	Exit	FIRST BANCORP N C COM	$0	–	-66,974	–	-0.23%	–
HTBI	Exit	HOMETRUST BANCSHARES INC COM	$0	–	-103,236	–	-0.23%	–
CATO	Exit	CATO CORP NEW CL A	$0	–	-180,629	–	-0.23%	–
CRDA	Exit	CRAWFORD & CO CL A	$0	–	-220,836	–	-0.24%	–
WNEB	Exit	WESTERN NEW ENG BANCORP INC CO	$0	–	-261,448	–	-0.24%	–
CSX	Exit	CSX CORP COM	$0	–	-19,184	–	-0.24%	–
PMBC	Exit	PACIFIC MERCANTILE BANCORP COM	$0	–	-406,492	–	-0.25%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-13,066	–	-0.25%	–
NATH	Exit	NATHANS FAMOUS INC NEW COM	$0	–	-29,898	–	-0.25%	–
AMZN	Exit	AMAZON COM INC COM	$0	–	-489	–	-0.25%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-76,910	–	-0.25%	–
GTN	Exit	GRAY TELEVISION INC COM	$0	–	-112,794	–	-0.25%	–
FSTR	Exit	FOSTER L B CO COM	$0	–	-117,371	–	-0.26%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-4,118	–	-0.26%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-63,296	–	-0.26%	–
XRAY	Exit	DENTSPLY SIRONA INC COM	$0	–	-37,479	–	-0.27%	–
CVCY	Exit	CENTRAL VY CMNTY BANCORP COM	$0	–	-132,777	–	-0.27%	–
HCA	Exit	HCA HEALTHCARE INC COM	$0	–	-13,264	–	-0.27%	–
FBM	Exit	FOUNDATION BLDG MATLS INC COM	$0	–	-106,430	–	-0.27%	–
EMN	Exit	EASTMAN CHEM CO COM	$0	–	-22,241	–	-0.28%	–
FCBC	Exit	FIRST CMNTY BANKSHARES INC NEV	$0	–	-97,315	–	-0.29%	–
ONTO	Exit	ONTO INNOVATION INC COM	$0	–	-59,189	–	-0.29%	–
GL	Exit	GLOBE LIFE INC COM	$0	–	-22,129	–	-0.29%	–
HWKN	Exit	HAWKINS INC COM	$0	–	-38,915	–	-0.29%	–
KOP	Exit	KOPPERS HOLDINGS INC COM	$0	–	-86,631	–	-0.30%	–
MAS	Exit	MASCO CORP COM	$0	–	-33,679	–	-0.30%	–
RMAX	Exit	RE MAX HLDGS INC CL A	$0	–	-56,705	–	-0.30%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-73,734	–	-0.30%	–
AZZ	Exit	AZZ INC COM	$0	–	-55,221	–	-0.31%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC COM	$0	–	-17,197	–	-0.31%	–
AGCO	Exit	AGCO CORP COM	$0	–	-25,658	–	-0.31%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-41,370	–	-0.31%	–
HNGR	Exit	HANGER INC COM NEW	$0	–	-125,736	–	-0.32%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-34,596	–	-0.32%	–
STAR	Exit	ISTAR INC COM	$0	–	-169,173	–	-0.33%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-36,360	–	-0.33%	–
BCEI	Exit	BONANZA CREEK ENERGY INC COM N	$0	–	-106,698	–	-0.33%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-162,531	–	-0.33%	–
XEL	Exit	XCEL ENERGY INC COM	$0	–	-29,718	–	-0.34%	–
UTL	Exit	UNITIL CORP COM	$0	–	-54,232	–	-0.34%	–
LAZY	Exit	LAZYDAYS HLDGS INC COM	$0	–	-169,491	–	-0.35%	–
EHC	Exit	ENCOMPASS HEALTH CORP COM	$0	–	-33,090	–	-0.35%	–
VEC	Exit	VECTRUS INC COM	$0	–	-57,900	–	-0.36%	–
PLPC	Exit	PREFORMED LINE PRODS CO COM	$0	–	-46,621	–	-0.37%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-161,671	–	-0.37%	–
MHO	Exit	M/I HOMES INC COM	$0	–	-50,781	–	-0.38%	–
RCKY	Exit	ROCKY BRANDS INC COM	$0	–	-96,621	–	-0.39%	–
SWM	Exit	SCHWEITZER-MAUDUIT INTL INC CO	$0	–	-80,350	–	-0.40%	–
ULH	Exit	UNIVERSAL LOGISTICS HLDGS INC	$0	–	-117,426	–	-0.40%	–
CTT	Exit	CATCHMARK TIMBER TR INC CL A	$0	–	-274,196	–	-0.40%	–
ARTNA	Exit	ARTESIAN RES CORP CL A	$0	–	-71,780	–	-0.40%	–
CBZ	Exit	CBIZ INC COM	$0	–	-108,401	–	-0.40%	–
PG	Exit	PROCTER AND GAMBLE CO COM	$0	–	-17,856	–	-0.41%	–
EIG	Exit	EMPLOYERS HOLDINGS INC COM	$0	–	-82,062	–	-0.41%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-85,515	–	-0.41%	–
EGOV	Exit	NIC INC COM	$0	–	-128,788	–	-0.41%	–
RGCO	Exit	RGC RES INC COM	$0	–	-108,597	–	-0.42%	–
HA	Exit	HAWAIIAN HOLDINGS INC COM	$0	–	-202,150	–	-0.43%	–
VRA	Exit	VERA BRADLEY INC COM	$0	–	-427,314	–	-0.43%	–
HBIO	Exit	HARVARD BIOSCIENCE INC COM	$0	–	-909,977	–	-0.45%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-167,498	–	-0.45%	–
CVGI	Exit	COMMERCIAL VEH GROUP INC COM	$0	–	-421,745	–	-0.45%	–
MMS	Exit	MAXIMUS INC COM	$0	–	-42,662	–	-0.48%	–
MBUU	Exit	MALIBU BOATS INC COM CL A	$0	–	-60,242	–	-0.49%	–
USLM	Exit	UNITED STS LIME & MINERALS INC	$0	–	-33,179	–	-0.49%	–
IRT	Exit	INDEPENDENCE RLTY TR INC COM	$0	–	-258,540	–	-0.49%	–
KLIC	Exit	KULICKE & SOFFA INDS INC COM	$0	–	-134,912	–	-0.49%	–
DCO	Exit	DUCOMMUN INC DEL COM	$0	–	-92,339	–	-0.50%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION CO	$0	–	-169,630	–	-0.52%	–
HP	Exit	HELMERICH & PAYNE INC COM	$0	–	-240,070	–	-0.58%	–
NTB	Exit	BANK OF NT BUTTERFIELD&SON LTD	$0	–	-160,311	–	-0.58%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-75,512	–	-0.61%	–
CCS	Exit	CENTURY CMNTYS INC COM	$0	–	-88,527	–	-0.61%	–
HUN	Exit	HUNTSMAN CORP COM	$0	–	-184,509	–	-0.67%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-838,048	–	-0.67%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-282,028	–	-0.67%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-404,625	–	-0.68%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC COM	$0	–	-126,302	–	-0.68%	–
ICLR	Exit	ICON PLC SHS	$0	–	-23,219	–	-0.72%	–
WSM	Exit	WILLIAMS SONOMA INC COM	$0	–	-50,676	–	-0.75%	–
COLB	Exit	COLUMBIA BKG SYS INC COM	$0	–	-193,282	–	-0.75%	–
SSB	Exit	SOUTH ST CORP COM	$0	–	-98,556	–	-0.78%	–
FHB	Exit	FIRST HAWAIIAN INC COM	$0	–	-329,916	–	-0.78%	–
CAL	Exit	CALERES INC COM	$0	–	-511,864	–	-0.80%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-413,955	–	-0.82%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-79,804	–	-0.83%	–
HT	Exit	HERSHA HOSPITALITY TR PR SHS B	$0	–	-929,736	–	-0.84%	–
CNX	Exit	CNX RES CORP COM	$0	–	-554,491	–	-0.86%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-55,994	–	-0.86%	–
MOGA	Exit	MOOG INC CL A	$0	–	-84,292	–	-0.88%	–
THS	Exit	TREEHOUSE FOODS INC COM	$0	–	-133,422	–	-0.88%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-189,397	–	-0.88%	–
BAX	Exit	BAXTER INTL INC COM	$0	–	-70,347	–	-0.92%	–
EXP	Exit	EAGLE MATLS INC COM	$0	–	-68,141	–	-0.96%	–
WAFD	Exit	WASHINGTON FED INC COM	$0	–	-281,827	–	-0.96%	–
GHL	Exit	GREENHILL & CO INC COM	$0	–	-519,618	–	-0.96%	–
ACA	Exit	ARCOSA INC COM	$0	–	-134,738	–	-0.97%	–
VZ	Exit	VERIZON COMMUNICATIONS INC COM	$0	–	-100,364	–	-0.98%	–
ATKR	Exit	ATKORE INTL GROUP INC COM	$0	–	-266,990	–	-0.99%	–
GBX	Exit	GREENBRIER COS INC COM	$0	–	-206,842	–	-0.99%	–
SYK	Exit	STRYKER CORPORATION COM	$0	–	-29,512	–	-1.00%	–
FHN	Exit	FIRST HORIZON NATL CORP COM	$0	–	-654,670	–	-1.01%	–
GLDD	Exit	GREAT LAKES DREDGE & DOCK CORP	$0	–	-672,878	–	-1.04%	–
CLI	Exit	MACK CALI RLTY CORP COM	$0	–	-516,341	–	-1.06%	–
PBH	Exit	PRESTIGE CONSMR HEALTHCARE INC	$0	–	-179,348	–	-1.07%	–
HUBG	Exit	HUB GROUP INC CL A	$0	–	-130,364	–	-1.07%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC CO	$0	–	-68,343	–	-1.09%	–
ITGR	Exit	INTEGER HLDGS CORP COM	$0	–	-113,137	–	-1.09%	–
SPB	Exit	SPECTRUM BRANDS HLDGS INC NEW	$0	–	-118,391	–	-1.11%	–
NWE	Exit	NORTHWESTERN CORP COM NEW	$0	–	-139,956	–	-1.11%	–
FN	Exit	FABRINET SHS	$0	–	-108,088	–	-1.11%	–
FFG	Exit	FBL FINL GROUP INC CL A	$0	–	-143,160	–	-1.13%	–
PEB	Exit	PEBBLEBROOK HOTEL TR COM	$0	–	-552,888	–	-1.13%	–
FWRD	Exit	FORWARD AIR CORP COM	$0	–	-122,734	–	-1.15%	–
UNF	Exit	UNIFIRST CORP MASS COM	$0	–	-37,707	–	-1.17%	–
STAG	Exit	STAG INDL INC COM	$0	–	-238,328	–	-1.19%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-501,356	–	-1.19%	–
CTBI	Exit	COMMUNITY TR BANCORP INC COM	$0	–	-259,238	–	-1.20%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-319,271	–	-1.20%	–
GPK	Exit	GRAPHIC PACKAGING HLDG CO COM	$0	–	-526,796	–	-1.21%	–
SWX	Exit	SOUTHWEST GAS HOLDINGS INC COM	$0	–	-118,134	–	-1.22%	–
TMHC	Exit	TAYLOR MORRISON HOME CORP COM	$0	–	-305,521	–	-1.23%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-278,562	–	-1.23%	–
VMI	Exit	VALMONT INDS INC COM	$0	–	-61,401	–	-1.25%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD COM	$0	–	-47,395	–	-1.31%	–
NVST	Exit	ENVISTA HOLDINGS CORPORATION C	$0	–	-333,171	–	-1.34%	–
MTH	Exit	MERITAGE HOMES CORP COM	$0	–	-78,164	–	-1.41%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC CL A	$0	–	-99,222	–	-1.46%	–
PWR	Exit	QUANTA SVCS INC COM	$0	–	-176,626	–	-1.52%	–
BERY	Exit	BERRY GLOBAL GROUP INC COM	$0	–	-198,059	–	-1.56%	–
RDNT	Exit	RADNET INC COM	$0	–	-653,471	–	-1.64%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-836,323	–	-1.72%	–
ROCK	Exit	GIBRALTAR INDS INC COM	$0	–	-163,639	–	-1.74%	–
CABO	Exit	CABLE ONE INC COM	$0	–	-5,908	–	-1.82%	–
CIEN	Exit	CIENA CORP COM NEW	$0	–	-295,324	–	-1.92%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-1,089,219	–	-2.64%	–

Q3 2020

			Value		Shares		↓ Weighting
AEO	Sell	AMERICAN EAGLE OUTFITTERS NEW	$16,131,000	-17.3%	1,089,219	-39.1%	2.64%	+37.4%
CIEN	Sell	CIENA CORP COM NEW	$11,721,000	-48.8%	295,324	-30.2%	1.92%	-14.9%
CABO	Sell	CABLE ONE INC COM	$11,139,000	-53.7%	5,908	-56.4%	1.82%	-23.0%
ROCK	Sell	GIBRALTAR INDS INC COM	$10,659,000	-24.9%	163,639	-44.6%	1.74%	+24.8%
ASB	Sell	ASSOCIATED BANC CORP COM	$10,554,000	-12.5%	836,323	-5.2%	1.72%	+45.4%
RDNT	Sell	RADNET INC COM	$10,031,000	-37.1%	653,471	-35.0%	1.64%	+4.5%
BERY	Sell	BERRY GLOBAL GROUP INC COM	$9,570,000	-29.2%	198,059	-35.0%	1.56%	+17.8%
PWR	Sell	QUANTA SVCS INC COM	$9,336,000	-46.2%	176,626	-60.0%	1.52%	-10.6%
NXST	Sell	NEXSTAR MEDIA GROUP INC CL A	$8,923,000	-26.4%	99,222	-31.5%	1.46%	+22.3%
MTH	Sell	MERITAGE HOMES CORP COM	$8,629,000	-34.2%	78,164	-54.6%	1.41%	+9.4%
NVST	Sell	ENVISTA HOLDINGS CORPORATION C	$8,223,000	-33.6%	333,171	-43.3%	1.34%	+10.3%
RNR	Sell	RENAISSANCERE HOLDINGS LTD COM	$8,045,000	-40.8%	47,395	-40.3%	1.31%	-1.6%
VMI	Sell	VALMONT INDS INC COM	$7,625,000	-7.2%	61,401	-15.1%	1.25%	+54.4%
MLI	Sell	MUELLER INDS INC COM	$7,538,000	-29.1%	278,562	-30.4%	1.23%	+17.9%
TMHC	Sell	TAYLOR MORRISON HOME CORP COM	$7,513,000	-20.4%	305,521	-37.5%	1.23%	+32.4%
SWX	Sell	SOUTHWEST GAS HOLDINGS INC COM	$7,454,000	-42.2%	118,134	-36.7%	1.22%	-3.9%
GPK	Sell	GRAPHIC PACKAGING HLDG CO COM	$7,423,000	-20.0%	526,796	-20.5%	1.21%	+33.2%
SASR	Sell	SANDY SPRING BANCORP INC COM	$7,369,000	-47.2%	319,271	-43.3%	1.20%	-12.2%
CTBI	Sell	COMMUNITY TR BANCORP INC COM	$7,326,000	-48.9%	259,238	-40.7%	1.20%	-15.0%
KW	Sell	KENNEDY-WILSON HLDGS INC COM	$7,280,000	-42.5%	501,356	-39.7%	1.19%	-4.4%
STAG	Sell	STAG INDL INC COM	$7,267,000	-51.9%	238,328	-53.7%	1.19%	-20.1%
UNF	Sell	UNIFIRST CORP MASS COM	$7,141,000	-59.0%	37,707	-61.2%	1.17%	-31.8%
FWRD	Sell	FORWARD AIR CORP COM	$7,042,000	-30.3%	122,734	-39.5%	1.15%	+15.9%
PEB	Buy	PEBBLEBROOK HOTEL TR COM	$6,928,000	-0.4%	552,888	+8.6%	1.13%	+65.5%
FFG	Sell	FBL FINL GROUP INC CL A	$6,900,000	+4.0%	143,160	-22.6%	1.13%	+72.9%
FN	Sell	FABRINET SHS	$6,813,000	-39.9%	108,088	-40.5%	1.11%	-0.2%
NWE	Sell	NORTHWESTERN CORP COM NEW	$6,807,000	-46.7%	139,956	-40.3%	1.11%	-11.5%
SPB	Buy	SPECTRUM BRANDS HLDGS INC NEW	$6,767,000	+1374.3%	118,391	+1083.9%	1.11%	+2357.8%
ITGR	Sell	INTEGER HLDGS CORP COM	$6,676,000	-36.4%	113,137	-21.3%	1.09%	+5.6%
ABG	Sell	ASBURY AUTOMOTIVE GROUP INC CO	$6,660,000	-26.0%	68,343	-41.3%	1.09%	+22.9%
HUBG	Sell	HUB GROUP INC CL A	$6,544,000	-36.0%	130,364	-39.0%	1.07%	+6.4%
PBH	Sell	PRESTIGE CONSMR HEALTHCARE INC	$6,532,000	-42.6%	179,348	-40.8%	1.07%	-4.6%
CLI	Sell	MACK CALI RLTY CORP COM	$6,516,000	-50.0%	516,341	-39.5%	1.06%	-16.9%
GLDD	Buy	GREAT LAKES DREDGE & DOCK CORP	$6,399,000	+70.1%	672,878	+65.7%	1.04%	+182.4%
FHN	Sell	FIRST HORIZON NATL CORP COM	$6,174,000	-40.5%	654,670	-37.2%	1.01%	-1.2%
SYK	Sell	STRYKER CORPORATION COM	$6,149,000	-14.1%	29,512	-25.7%	1.00%	+43.0%
GBX	Sell	GREENBRIER COS INC COM	$6,081,000	-21.7%	206,842	-39.4%	0.99%	+30.3%
ATKR	Sell	ATKORE INTL GROUP INC COM	$6,069,000	-36.7%	266,990	-23.8%	0.99%	+5.3%
VZ	Sell	VERIZON COMMUNICATIONS INC COM	$5,971,000	-22.0%	100,364	-27.7%	0.98%	+29.8%
ACA	Sell	ARCOSA INC COM	$5,941,000	-27.1%	134,738	-30.2%	0.97%	+21.2%
GHL	Sell	GREENHILL & CO INC COM	$5,898,000	-31.6%	519,618	-39.8%	0.96%	+13.7%
EXP	New	EAGLE MATLS INC COM	$5,882,000	–	68,141	–	0.96%	–
WAFD	Sell	WASHINGTON FED INC COM	$5,879,000	-48.3%	281,827	-33.4%	0.96%	-14.0%
BAX	Sell	BAXTER INTL INC COM	$5,657,000	-14.2%	70,347	-8.2%	0.92%	+42.6%
CUZ	Sell	COUSINS PPTYS INC COM	$5,415,000	-60.1%	189,397	-58.4%	0.88%	-33.7%
THS	Sell	TREEHOUSE FOODS INC COM	$5,408,000	-29.2%	133,422	-23.5%	0.88%	+17.7%
MOGA	Sell	MOOG INC CL A	$5,355,000	-26.2%	84,292	-38.5%	0.88%	+22.5%
ALL	Sell	ALLSTATE CORP COM	$5,271,000	-25.6%	55,994	-23.3%	0.86%	+23.7%
CNX	New	CNX RES CORP COM	$5,234,000	–	554,491	–	0.86%	–
HT	Sell	HERSHA HOSPITALITY TR PR SHS B	$5,151,000	-39.2%	929,736	-36.8%	0.84%	+1.1%
PRU	Sell	PRUDENTIAL FINL INC COM	$5,069,000	-23.8%	79,804	-27.0%	0.83%	+26.6%
PFS	Sell	PROVIDENT FINL SVCS INC COM	$5,050,000	-44.1%	413,955	-33.8%	0.82%	-7.1%
CAL	Sell	CALERES INC COM	$4,893,000	-24.3%	511,864	-34.0%	0.80%	+25.8%
FHB	Sell	FIRST HAWAIIAN INC COM	$4,774,000	-26.0%	329,916	-11.8%	0.78%	+23.0%
SSB	Sell	SOUTH ST CORP COM	$4,745,000	-38.0%	98,556	-38.6%	0.78%	+3.1%
COLB	Sell	COLUMBIA BKG SYS INC COM	$4,610,000	-35.0%	193,282	-22.7%	0.75%	+8.0%
WSM	Sell	WILLIAMS SONOMA INC COM	$4,583,000	-34.6%	50,676	-40.7%	0.75%	+8.7%
ICLR	Sell	ICON PLC SHS	$4,437,000	-54.6%	23,219	-60.0%	0.72%	-24.6%
NUAN	Sell	NUANCE COMMUNICATIONS INC COM	$4,192,000	-68.2%	126,302	-75.7%	0.68%	-47.1%
BDN	Sell	BRANDYWINE RLTY TR SH BEN INT	$4,184,000	-71.8%	404,625	-70.3%	0.68%	-53.1%
RDN	Sell	RADIAN GROUP INC COM	$4,120,000	-33.3%	282,028	-29.2%	0.67%	+10.9%
WPX	Sell	WPX ENERGY INC COM	$4,106,000	-42.6%	838,048	-25.3%	0.67%	-4.6%
HUN	Sell	HUNTSMAN CORP COM	$4,098,000	-16.8%	184,509	-32.6%	0.67%	+38.4%
CCS	Sell	CENTURY CMNTYS INC COM	$3,747,000	-34.0%	88,527	-52.2%	0.61%	+9.7%
CLCT	Sell	COLLECTORS UNIVERSE INC COM NE	$3,737,000	-49.8%	75,512	-65.2%	0.61%	-16.4%
NTB	Buy	BANK OF NT BUTTERFIELD&SON LTD	$3,572,000	+107.7%	160,311	+127.3%	0.58%	+245.6%
HP	Sell	HELMERICH & PAYNE INC COM	$3,517,000	-51.9%	240,070	-36.0%	0.58%	-20.0%
HWC	Sell	HANCOCK WHITNEY CORPORATION CO	$3,191,000	-41.7%	169,630	-34.3%	0.52%	-3.2%
DCO	Sell	DUCOMMUN INC DEL COM	$3,040,000	-47.7%	92,339	-44.6%	0.50%	-13.0%
KLIC	Sell	KULICKE & SOFFA INDS INC COM	$3,022,000	-39.5%	134,912	-43.8%	0.49%	+0.6%
IRT	Sell	INDEPENDENCE RLTY TR INC COM	$2,996,000	-38.5%	258,540	-39.1%	0.49%	+2.1%
USLM	Sell	UNITED STS LIME & MINERALS INC	$2,989,000	-42.4%	33,179	-46.0%	0.49%	-4.3%
MBUU	Sell	MALIBU BOATS INC COM CL A	$2,986,000	-46.4%	60,242	-43.8%	0.49%	-10.8%
MMS	New	MAXIMUS INC COM	$2,919,000	–	42,662	–	0.48%	–
CVGI	Sell	COMMERCIAL VEH GROUP INC COM	$2,754,000	+58.6%	421,745	-29.8%	0.45%	+163.2%
HBIO	Sell	HARVARD BIOSCIENCE INC COM	$2,739,000	-46.7%	909,977	-45.2%	0.45%	-11.7%
MRTN	Sell	MARTEN TRANS LTD COM	$2,734,000	-45.2%	167,498	-15.5%	0.45%	-8.8%
VRA	Sell	VERA BRADLEY INC COM	$2,611,000	-33.4%	427,314	-51.6%	0.43%	+10.9%
HA	Sell	HAWAIIAN HOLDINGS INC COM	$2,606,000	-44.3%	202,150	-39.3%	0.43%	-7.4%
RGCO	Sell	RGC RES INC COM	$2,547,000	-44.8%	108,597	-43.1%	0.42%	-8.2%
EGOV	Sell	NIC INC COM	$2,537,000	-51.8%	128,788	-43.8%	0.41%	-19.9%
TRNS	Sell	TRANSCAT INC COM	$2,506,000	-39.5%	85,515	-46.6%	0.41%	+0.5%
PG	Sell	PROCTER AND GAMBLE CO COM	$2,482,000	-27.4%	17,856	-37.5%	0.41%	+20.8%
EIG	Sell	EMPLOYERS HOLDINGS INC COM	$2,482,000	-43.6%	82,062	-43.8%	0.41%	-6.2%
CBZ	Sell	CBIZ INC COM	$2,479,000	-46.3%	108,401	-43.7%	0.40%	-10.8%
ARTNA	Sell	ARTESIAN RES CORP CL A	$2,474,000	-46.6%	71,780	-43.8%	0.40%	-11.4%
ULH	Sell	UNIVERSAL LOGISTICS HLDGS INC	$2,450,000	-32.6%	117,426	-43.8%	0.40%	+12.0%
CTT	Sell	CATCHMARK TIMBER TR INC CL A	$2,449,000	-7.7%	274,196	-8.6%	0.40%	+53.3%
SWM	Sell	SCHWEITZER-MAUDUIT INTL INC CO	$2,442,000	-44.4%	80,350	-38.9%	0.40%	-7.6%
RCKY	Sell	ROCKY BRANDS INC COM	$2,399,000	-32.2%	96,621	-43.9%	0.39%	+12.6%
MHO	Sell	M/I HOMES INC COM	$2,338,000	-24.8%	50,781	-43.7%	0.38%	+25.2%
AMSWA	Sell	AMERICAN SOFTWARE INC CL A	$2,270,000	-57.8%	161,671	-52.6%	0.37%	-29.9%
PLPC	Sell	PREFORMED LINE PRODS CO COM	$2,271,000	-50.1%	46,621	-48.8%	0.37%	-17.2%
VEC	Sell	VECTRUS INC COM	$2,200,000	-60.4%	57,900	-48.9%	0.36%	-34.4%
EHC	Sell	ENCOMPASS HEALTH CORP COM	$2,150,000	-27.2%	33,090	-30.6%	0.35%	+21.0%
LAZY	New	LAZYDAYS HLDGS INC COM	$2,149,000	–	169,491	–	0.35%	–
UTL	Sell	UNITIL CORP COM	$2,096,000	-51.6%	54,232	-43.9%	0.34%	-19.7%
XEL	Sell	XCEL ENERGY INC COM	$2,051,000	-30.1%	29,718	-36.7%	0.34%	+16.3%
ONB	Sell	OLD NATL BANCORP IND COM	$2,041,000	-48.4%	162,531	-43.5%	0.33%	-14.4%
BCEI	Sell	BONANZA CREEK ENERGY INC COM N	$2,006,000	-28.6%	106,698	-43.7%	0.33%	+18.8%
STAR	Sell	ISTAR INC COM	$1,998,000	-45.3%	169,173	-42.9%	0.33%	-9.2%
PEG	Sell	PUBLIC SVC ENTERPRISE GROUP CO	$1,997,000	-30.0%	36,360	-37.4%	0.33%	+16.0%
HNGR	Sell	HANGER INC COM NEW	$1,989,000	-46.3%	125,736	-43.8%	0.32%	-10.7%
MDLZ	Sell	MONDELEZ INTL INC CL A	$1,988,000	-28.8%	34,596	-36.6%	0.32%	+18.6%
CMCSA	Sell	COMCAST CORP NEW CL A	$1,914,000	-25.1%	41,370	-36.9%	0.31%	+24.7%
AGCO	Sell	AGCO CORP COM	$1,906,000	-72.9%	25,658	-79.8%	0.31%	-55.1%
AKAM	Sell	AKAMAI TECHNOLOGIES INC COM	$1,901,000	-35.3%	17,197	-37.4%	0.31%	+7.6%
AZZ	Sell	AZZ INC COM	$1,884,000	-36.7%	55,221	-36.3%	0.31%	+5.1%
NKSH	Sell	NATIONAL BANKSHARES INC VA COM	$1,868,000	-40.6%	73,734	-32.9%	0.30%	-1.3%
MAS	Sell	MASCO CORP COM	$1,857,000	-36.2%	33,679	-41.9%	0.30%	+5.9%
RMAX	Sell	RE MAX HLDGS INC CL A	$1,856,000	-39.9%	56,705	-42.3%	0.30%	-0.3%
KOP	New	KOPPERS HOLDINGS INC COM	$1,811,000	–	86,631	–	0.30%	–
HWKN	Sell	HAWKINS INC COM	$1,794,000	-39.0%	38,915	-43.7%	0.29%	+1.4%
GL	Sell	GLOBE LIFE INC COM	$1,768,000	-41.5%	22,129	-45.7%	0.29%	-2.7%
ONTO	Sell	ONTO INNOVATION INC COM	$1,763,000	-65.0%	59,189	-60.0%	0.29%	-41.8%
FCBC	Sell	FIRST CMNTY BANKSHARES INC NEV	$1,757,000	-54.8%	97,315	-43.8%	0.29%	-24.9%
EMN	Sell	EASTMAN CHEM CO COM	$1,737,000	-29.4%	22,241	-37.1%	0.28%	+17.4%
FBM	Sell	FOUNDATION BLDG MATLS INC COM	$1,673,000	-43.3%	106,430	-43.7%	0.27%	-5.9%
HCA	New	HCA HEALTHCARE INC COM	$1,654,000	–	13,264	–	0.27%	–
XRAY	Sell	DENTSPLY SIRONA INC COM	$1,639,000	-23.3%	37,479	-22.7%	0.27%	+27.6%
CVCY	Sell	CENTRAL VY CMNTY BANCORP COM	$1,640,000	-50.8%	132,777	-38.7%	0.27%	-18.3%
NRIM	Sell	NORTHRIM BANCORP INC COM	$1,613,000	-43.0%	63,296	-43.8%	0.26%	-5.0%
LMT	Sell	LOCKHEED MARTIN CORP COM	$1,578,000	-14.1%	4,118	-18.3%	0.26%	+42.5%
FSTR	Sell	FOSTER L B CO COM	$1,575,000	-40.9%	117,371	-43.8%	0.26%	-1.9%
TBNK	Sell	TERRITORIAL BANCORP INC COM	$1,556,000	-52.3%	76,910	-43.9%	0.25%	-20.9%
GTN	Sell	GRAY TELEVISION INC COM	$1,553,000	-44.4%	112,794	-43.7%	0.25%	-7.6%
AMZN	Sell	AMAZON COM INC COM	$1,540,000	-30.1%	489	-38.7%	0.25%	+16.7%
NATH	Sell	NATHANS FAMOUS INC NEW COM	$1,532,000	-48.7%	29,898	-43.8%	0.25%	-15.0%
ADI	Sell	ANALOG DEVICES INC COM	$1,525,000	-40.6%	13,066	-37.6%	0.25%	-1.2%
PMBC	Sell	PACIFIC MERCANTILE BANCORP COM	$1,512,000	-42.7%	406,492	-43.6%	0.25%	-4.6%
CSX	Sell	CSX CORP COM	$1,490,000	-30.7%	19,184	-37.8%	0.24%	+15.2%
WNEB	Sell	WESTERN NEW ENG BANCORP INC CO	$1,472,000	-45.2%	261,448	-43.7%	0.24%	-9.1%
CRDA	Sell	CRAWFORD & CO CL A	$1,444,000	-53.3%	220,836	-43.6%	0.24%	-22.4%
CATO	Sell	CATO CORP NEW CL A	$1,413,000	-55.4%	180,629	-53.4%	0.23%	-25.7%
FBNC	Sell	FIRST BANCORP N C COM	$1,402,000	-47.9%	66,974	-37.5%	0.23%	-13.3%
HTBI	Sell	HOMETRUST BANCSHARES INC COM	$1,402,000	-47.1%	103,236	-37.7%	0.23%	-12.3%
NVEC	Sell	NVE CORP COM NEW	$1,325,000	-47.2%	27,003	-33.4%	0.22%	-12.6%
KE	Sell	KIMBALL ELECTRONICS INC COM	$1,245,000	-58.0%	107,681	-50.8%	0.20%	-30.2%
JPM	Sell	JPMORGAN CHASE & CO COM	$1,232,000	-35.2%	12,801	-36.6%	0.20%	+7.5%
CIO	Sell	CITY OFFICE REIT INC COM	$1,233,000	-57.8%	163,932	-43.6%	0.20%	-30.0%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP COM	$1,230,000	-30.6%	21,375	-25.7%	0.20%	+15.5%
COG	New	CABOT OIL & GAS CORP COM	$1,222,000	–	70,420	–	0.20%	–
SONA	Sell	SOUTHERN NATL BANCORP OF VA IN	$1,210,000	-49.5%	139,391	-43.6%	0.20%	-15.7%
MYFW	Sell	FIRST WESTN FINL INC COM	$1,194,000	-13.9%	92,179	-5.3%	0.20%	+43.4%
RF	Sell	REGIONS FINANCIAL CORP NEW COM	$1,178,000	-34.4%	102,177	-36.7%	0.19%	+8.5%
CSCO	Sell	CISCO SYS INC COM	$1,174,000	-46.4%	29,792	-36.6%	0.19%	-10.7%
COP	Sell	CONOCOPHILLIPS COM	$1,169,000	-59.4%	35,594	-48.0%	0.19%	-32.5%
PNC	Sell	PNC FINL SVCS GROUP INC COM	$1,132,000	-33.8%	10,302	-36.6%	0.18%	+10.1%
CPK	Sell	CHESAPEAKE UTILS CORP COM	$1,092,000	-43.4%	12,958	-43.6%	0.18%	-6.3%
TALO	Sell	TALOS ENERGY INC COM	$1,089,000	-82.7%	168,894	-75.3%	0.18%	-71.2%
BFIN	Sell	BANKFINANCIAL CORP COM	$1,058,000	-36.5%	146,600	-26.1%	0.17%	+5.5%
HAL	Sell	HALLIBURTON CO COM	$1,034,000	-73.9%	85,850	-71.9%	0.17%	-56.7%
HHC	Sell	HOWARD HUGHES CORP COM	$1,030,000	-12.0%	17,882	-20.6%	0.17%	+46.1%
PEAK	Sell	HEALTHPEAK PROPERTIES INC COM	$1,022,000	-10.8%	37,648	-9.5%	0.17%	+47.8%
RJF	Sell	RAYMOND JAMES FINANCIAL INC CO	$884,000	-33.1%	12,143	-36.8%	0.14%	+10.8%
ARKR	Sell	ARK RESTAURANTS CORP COM	$794,000	-78.6%	73,078	-75.7%	0.13%	-64.4%
CIT	Sell	CIT GROUP INC COM NEW	$758,000	-45.3%	42,802	-35.9%	0.12%	-8.8%
DGICA	Sell	DONEGAL GROUP INC CL A	$470,000	-36.9%	33,423	-36.2%	0.08%	+5.5%
PGR	Sell	PROGRESSIVE CORP OHIO COM	$287,000	-31.3%	3,036	-41.8%	0.05%	+14.6%
OC	New	OWENS CORNING NEW COM	$253,000	–	3,683	–	0.04%	–
CFG	Sell	CITIZENS FINL GROUP INC COM	$244,000	-95.3%	9,665	-95.3%	0.04%	-92.1%
UHS	New	UNIVERSAL HLTH SVCS INC CL B	$233,000	–	2,177	–	0.04%	–
FTAI	Sell	FORTRESS TRANS INFRST INVS LLC	$215,000	-28.8%	12,573	-45.8%	0.04%	+16.7%
BRX	New	BRIXMOR PPTY GROUP INC COM	$140,000	–	12,006	–	0.02%	–
VER	New	VEREIT INC COM	$71,000	–	10,876	–	0.01%	–
SPLP	Exit	STEEL PARTNERS HLDGS L P LTD P	$0	–	-28,669	–	-0.02%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-25,642	–	-0.02%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LP U	$0	–	-13,077	–	-0.04%	–
TROW	Exit	PRICE T ROWE GROUP INC COM	$0	–	-3,780	–	-0.05%	–
EVA	Exit	ENVIVA PARTNERS LP COM UNIT	$0	–	-24,129	–	-0.09%	–
OFIX	Exit	ORTHOFIX MED INC COM	$0	–	-48,522	–	-0.15%	–
SNN	Exit	SMITH & NEPHEW PLC SPDN ADR NE	$0	–	-52,620	–	-0.20%	–
MCS	Exit	MARCUS CORP COM	$0	–	-165,540	–	-0.22%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-24,378	–	-0.22%	–
SP	Exit	SP PLUS CORP COM	$0	–	-108,542	–	-0.22%	–
EXPE	Exit	EXPEDIA GROUP INC COM NEW	$0	–	-37,844	–	-0.31%	–
FULT	Exit	FULTON FINL CORP PA COM	$0	–	-749,450	–	-0.78%	–
TER	Exit	TERADYNE INC COM	$0	–	-94,330	–	-0.78%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-153,141	–	-1.11%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-325,466	–	-1.34%	–

Q2 2020

			Value		Shares		↓ Weighting
CABO	New	CABLE ONE INC COM	$24,049,000	–	13,550	–	2.36%	–
CIEN	New	CIENA CORP COM NEW	$22,900,000	–	422,827	–	2.25%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$19,510,000	–	1,789,867	–	1.92%	–
UNF	New	UNIFIRST CORP MASS COM	$17,403,000	–	97,253	–	1.71%	–
PWR	New	QUANTA SVCS INC COM	$17,342,000	–	442,069	–	1.70%	–
RDNT	New	RADNET INC COM	$15,951,000	–	1,005,117	–	1.57%	–
STAG	New	STAG INDL INC COM	$15,103,000	–	515,125	–	1.48%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$14,833,000	–	1,362,121	–	1.46%	–
CTBI	New	COMMUNITY TR BANCORP INC COM	$14,326,000	–	437,293	–	1.41%	–
ROCK	New	GIBRALTAR INDS INC COM	$14,191,000	–	295,585	–	1.40%	–
SASR	New	SANDY SPRING BANCORP INC COM	$13,954,000	–	563,099	–	1.37%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$13,608,000	–	325,466	–	1.34%	–
RNR	New	RENAISSANCERE HOLDINGS LTD COM	$13,585,000	–	79,430	–	1.34%	–
CUZ	New	COUSINS PPTYS INC COM	$13,573,000	–	455,012	–	1.33%	–
BERY	New	BERRY GLOBAL GROUP INC COM	$13,515,000	–	304,935	–	1.33%	–
NUAN	New	NUANCE COMMUNICATIONS INC COM	$13,174,000	–	520,601	–	1.30%	–
MTH	New	MERITAGE HOMES CORP COM	$13,110,000	–	172,222	–	1.29%	–
CLI	New	MACK CALI RLTY CORP COM	$13,040,000	–	852,866	–	1.28%	–
SWX	New	SOUTHWEST GAS HOLDINGS INC COM	$12,896,000	–	186,765	–	1.27%	–
NWE	New	NORTHWESTERN CORP COM NEW	$12,776,000	–	234,332	–	1.26%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$12,656,000	–	831,511	–	1.24%	–
NVST	New	ENVISTA HOLDINGS CORPORATION C	$12,390,000	–	587,501	–	1.22%	–
NXST	New	NEXSTAR MEDIA GROUP INC CL A	$12,129,000	–	144,933	–	1.19%	–
ASB	New	ASSOCIATED BANC CORP COM	$12,063,000	–	881,791	–	1.19%	–
PBH	New	PRESTIGE CONSMR HEALTHCARE INC	$11,380,000	–	302,981	–	1.12%	–
WAFD	New	WASHINGTON FED INC COM	$11,363,000	–	423,349	–	1.12%	–
FN	New	FABRINET SHS	$11,342,000	–	181,712	–	1.12%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$11,274,000	–	153,141	–	1.11%	–
MLI	New	MUELLER INDS INC COM	$10,632,000	–	399,989	–	1.04%	–
ITGR	New	INTEGER HLDGS CORP COM	$10,505,000	–	143,805	–	1.03%	–
FHN	New	FIRST HORIZON NATL CORP COM	$10,383,000	–	1,042,496	–	1.02%	–
HUBG	New	HUB GROUP INC CL A	$10,229,000	–	213,723	–	1.00%	–
FWRD	New	FORWARD AIR CORP COM	$10,100,000	–	202,720	–	0.99%	–
ICLR	New	ICON PLC SHS	$9,772,000	–	58,006	–	0.96%	–
ATKR	New	ATKORE INTL GROUP INC COM	$9,583,000	–	350,369	–	0.94%	–
TMHC	New	TAYLOR MORRISON HOME CORP COM	$9,436,000	–	489,178	–	0.93%	–
GPK	New	GRAPHIC PACKAGING HLDG CO COM	$9,273,000	–	662,845	–	0.91%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$9,032,000	–	625,032	–	0.89%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC CO	$9,006,000	–	116,462	–	0.88%	–
GHL	New	GREENHILL & CO INC COM	$8,626,000	–	863,434	–	0.85%	–
HT	New	HERSHA HOSPITALITY TR PR SHS B	$8,475,000	–	1,471,385	–	0.83%	–
VMI	New	VALMONT INDS INC COM	$8,213,000	–	72,281	–	0.81%	–
ACA	New	ARCOSA INC COM	$8,147,000	–	193,057	–	0.80%	–
TER	New	TERADYNE INC COM	$7,972,000	–	94,330	–	0.78%	–
FULT	New	FULTON FINL CORP PA COM	$7,892,000	–	749,450	–	0.78%	–
GBX	New	GREENBRIER COS INC COM	$7,766,000	–	341,378	–	0.76%	–
SSB	New	SOUTH ST CORP COM	$7,650,000	–	160,513	–	0.75%	–
VZ	New	VERIZON COMMUNICATIONS INC COM	$7,652,000	–	138,791	–	0.75%	–
THS	New	TREEHOUSE FOODS INC COM	$7,641,000	–	174,453	–	0.75%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$7,437,000	–	216,957	–	0.73%	–
HP	New	HELMERICH & PAYNE INC COM	$7,318,000	–	375,083	–	0.72%	–
MOGA	New	MOOG INC CL A	$7,259,000	–	137,009	–	0.71%	–
WPX	New	WPX ENERGY INC COM	$7,153,000	–	1,121,178	–	0.70%	–
SYK	New	STRYKER CORPORATION COM	$7,157,000	–	39,719	–	0.70%	–
COLB	New	COLUMBIA BKG SYS INC COM	$7,090,000	–	250,119	–	0.70%	–
ALL	New	ALLSTATE CORP COM	$7,083,000	–	73,030	–	0.70%	–
AGCO	New	AGCO CORP COM	$7,038,000	–	126,904	–	0.69%	–
WSM	New	WILLIAMS SONOMA INC COM	$7,005,000	–	85,414	–	0.69%	–
PEB	New	PEBBLEBROOK HOTEL TR COM	$6,955,000	–	509,141	–	0.68%	–
PRU	New	PRUDENTIAL FINL INC COM	$6,655,000	–	109,278	–	0.65%	–
FFG	New	FBL FINL GROUP INC CL A	$6,637,000	–	184,940	–	0.65%	–
BAX	New	BAXTER INTL INC COM	$6,595,000	–	76,595	–	0.65%	–
CAL	New	CALERES INC COM	$6,465,000	–	775,232	–	0.64%	–
FHB	New	FIRST HAWAIIAN INC COM	$6,447,000	–	373,967	–	0.63%	–
TALO	New	TALOS ENERGY INC COM	$6,279,000	–	682,451	–	0.62%	–
RDN	New	RADIAN GROUP INC COM	$6,178,000	–	398,314	–	0.61%	–
DCO	New	DUCOMMUN INC DEL COM	$5,814,000	–	166,722	–	0.57%	–
CCS	New	CENTURY CMNTYS INC COM	$5,674,000	–	185,051	–	0.56%	–
MBUU	New	MALIBU BOATS INC COM CL A	$5,566,000	–	107,141	–	0.55%	–
VEC	New	VECTRUS INC COM	$5,562,000	–	113,201	–	0.55%	–
HWC	New	HANCOCK WHITNEY CORPORATION CO	$5,474,000	–	258,225	–	0.54%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$5,379,000	–	341,321	–	0.53%	–
EGOV	New	NIC INC COM	$5,259,000	–	229,063	–	0.52%	–
USLM	New	UNITED STATES LIME & MINERALS	$5,187,000	–	61,423	–	0.51%	–
CFG	New	CITIZENS FINANCIAL GROUP INC C	$5,161,000	–	204,463	–	0.51%	–
HBIO	New	HARVARD BIOSCIENCE INC COM	$5,143,000	–	1,659,141	–	0.51%	–
ONTO	New	ONTO INNOVATION INC COM	$5,038,000	–	148,011	–	0.50%	–
KLIC	New	KULICKE & SOFFA INDS INC COM	$4,998,000	–	239,933	–	0.49%	–
MRTN	New	MARTEN TRANS LTD COM	$4,989,000	–	198,298	–	0.49%	–
HUN	New	HUNTSMAN CORP COM	$4,923,000	–	273,955	–	0.48%	–
IRT	New	INDEPENDENCE RLTY TR INC COM	$4,874,000	–	424,223	–	0.48%	–
HA	New	HAWAIIAN HOLDINGS INC COM	$4,677,000	–	333,098	–	0.46%	–
ARTNA	New	ARTESIAN RESOURCES CORP CL A	$4,635,000	–	127,708	–	0.46%	–
CBZ	New	CBIZ INC COM	$4,615,000	–	192,523	–	0.45%	–
RGCO	New	RGC RES INC COM	$4,613,000	–	190,856	–	0.45%	–
PLPC	New	PREFORMED LINE PRODS CO COM	$4,555,000	–	91,088	–	0.45%	–
EIG	New	EMPLOYERS HOLDINGS INC COM	$4,403,000	–	146,025	–	0.43%	–
SWM	New	SCHWEITZER-MAUDUIT INTL INC CO	$4,392,000	–	131,457	–	0.43%	–
UTL	New	UNITIL CORP COM	$4,330,000	–	96,611	–	0.43%	–
TRNS	New	TRANSCAT INC COM	$4,144,000	–	160,236	–	0.41%	–
HAL	New	HALLIBURTON CO COM	$3,963,000	–	305,312	–	0.39%	–
ONB	New	OLD NATL BANCORP IND COM	$3,956,000	–	287,536	–	0.39%	–
VRA	New	VERA BRADLEY INC COM	$3,920,000	–	882,797	–	0.38%	–
FCBC	New	FIRST CMNTY BANKSHARES INC NEV	$3,890,000	–	173,266	–	0.38%	–
GLDD	New	GREAT LAKES DREDGE & DOCK CORP	$3,761,000	–	406,176	–	0.37%	–
ARKR	New	ARK RESTAURANTS CORP COM	$3,717,000	–	300,951	–	0.36%	–
HNGR	New	HANGER INC COM NEW	$3,703,000	–	223,624	–	0.36%	–
STAR	New	ISTAR INC COM	$3,651,000	–	296,348	–	0.36%	–
ULH	New	UNIVERSAL LOGISTICS HLDGS INC	$3,633,000	–	209,022	–	0.36%	–
RCKY	New	ROCKY BRANDS INC COM	$3,540,000	–	172,180	–	0.35%	–
PG	New	PROCTER AND GAMBLE CO COM	$3,418,000	–	28,582	–	0.34%	–
CVCY	New	CENTRAL VALLEY CMNTY BANCORP C	$3,335,000	–	216,712	–	0.33%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$3,264,000	–	137,189	–	0.32%	–
CATO	New	CATO CORP NEW CL A	$3,169,000	–	387,368	–	0.31%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$3,144,000	–	109,933	–	0.31%	–
EXPE	New	EXPEDIA GROUP INC COM NEW	$3,111,000	–	37,844	–	0.31%	–
MHO	New	M/I HOMES INC COM	$3,107,000	–	90,210	–	0.30%	–
CRDA	New	CRAWFORD & CO CL A	$3,092,000	–	391,888	–	0.30%	–
RMAX	New	RE MAX HLDGS INC CL A	$3,089,000	–	98,272	–	0.30%	–
GL	New	GLOBE LIFE INC COM	$3,024,000	–	40,735	–	0.30%	–
NATH	New	NATHANS FAMOUS INC NEW COM	$2,989,000	–	53,156	–	0.29%	–
AZZ	New	AZZ INC COM	$2,976,000	–	86,714	–	0.29%	–
KE	New	KIMBALL ELECTRONICS INC COM	$2,965,000	–	218,954	–	0.29%	–
EHC	New	ENCOMPASS HEALTH CORP COM	$2,952,000	–	47,666	–	0.29%	–
FBM	New	FOUNDATION BLDG MATLS INC COM	$2,951,000	–	189,019	–	0.29%	–
AKAM	New	AKAMAI TECHNOLOGIES INC COM	$2,940,000	–	27,455	–	0.29%	–
HWKN	New	HAWKINS INC COM	$2,942,000	–	69,100	–	0.29%	–
XEL	New	XCEL ENERGY INC COM	$2,934,000	–	46,943	–	0.29%	–
CIO	New	CITY OFFICE REIT INC COM	$2,922,000	–	290,449	–	0.29%	–
MAS	New	MASCO CORP COM	$2,910,000	–	57,949	–	0.29%	–
COP	New	CONOCOPHILLIPS COM	$2,876,000	–	68,448	–	0.28%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$2,854,000	–	58,049	–	0.28%	–
NRIM	New	NORTHRIM BANCORP INC COM	$2,830,000	–	112,583	–	0.28%	–
BCEI	New	BONANZA CREEK ENERGY INC COM N	$2,809,000	–	189,567	–	0.28%	–
GTN	New	GRAY TELEVISION INC COM	$2,794,000	–	200,271	–	0.28%	–
MDLZ	New	MONDELEZ INTL INC CL A	$2,792,000	–	54,603	–	0.27%	–
WNEB	New	WESTERN NEW ENG BANCORP INC CO	$2,688,000	–	464,195	–	0.26%	–
FBNC	New	FIRST BANCORP N C COM	$2,689,000	–	107,219	–	0.26%	–
FSTR	New	FOSTER L B CO COM	$2,665,000	–	208,680	–	0.26%	–
HTBI	New	HOMETRUST BANCSHARES INC COM	$2,651,000	–	165,664	–	0.26%	–
CTT	New	CATCHMARK TIMBER TR INC CL A	$2,654,000	–	299,928	–	0.26%	–
PMBC	New	PACIFIC MERCANTILE BANCORP COM	$2,640,000	–	721,192	–	0.26%	–
ADI	New	ANALOG DEVICES INC COM	$2,566,000	–	20,925	–	0.25%	–
CMCSA	New	COMCAST CORP NEW CL A	$2,555,000	–	65,538	–	0.25%	–
NVEC	New	NVE CORP COM NEW	$2,508,000	–	40,558	–	0.25%	–
EMN	New	EASTMAN CHEM CO COM	$2,461,000	–	35,332	–	0.24%	–
SONA	New	SOUTHERN NATL BANCORP OF VA IN	$2,394,000	–	247,010	–	0.24%	–
SP	New	SP PLUS CORP COM	$2,248,000	–	108,542	–	0.22%	–
ABT	New	ABBOTT LABS COM	$2,229,000	–	24,378	–	0.22%	–
MCS	New	MARCUS CORP COM	$2,197,000	–	165,540	–	0.22%	–
AMZN	New	AMAZON COM INC COM	$2,202,000	–	798	–	0.22%	–
CSCO	New	CISCO SYS INC COM	$2,191,000	–	46,971	–	0.22%	–
CSX	New	CSX CORP COM	$2,150,000	–	30,831	–	0.21%	–
XRAY	New	DENTSPLY SIRONA INC COM	$2,137,000	–	48,501	–	0.21%	–
SNN	New	SMITH & NEPHEW PLC SPDN ADR NE	$2,006,000	–	52,620	–	0.20%	–
CPK	New	CHESAPEAKE UTILS CORP COM	$1,929,000	–	22,969	–	0.19%	–
JPM	New	JPMORGAN CHASE & CO COM	$1,900,000	–	20,205	–	0.19%	–
LMT	New	LOCKHEED MARTIN CORP COM	$1,838,000	–	5,038	–	0.18%	–
RF	New	REGIONS FINANCIAL CORP NEW COM	$1,796,000	–	161,496	–	0.18%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP COM	$1,773,000	–	28,778	–	0.17%	–
CVGI	New	COMMERCIAL VEH GROUP INC COM	$1,736,000	–	600,740	–	0.17%	–
NTB	New	BANK OF NT BUTTERFIELD&SON LTD	$1,720,000	–	70,517	–	0.17%	–
PNC	New	PNC FINL SVCS GROUP INC COM	$1,709,000	–	16,244	–	0.17%	–
BFIN	New	BANKFINANCIAL CORP COM	$1,666,000	–	198,296	–	0.16%	–
OFIX	New	ORTHOFIX MED INC COM	$1,553,000	–	48,522	–	0.15%	–
MYFW	New	FIRST WESTN FINL INC COM	$1,387,000	–	97,307	–	0.14%	–
CIT	New	CIT GROUP INC COM NEW	$1,385,000	–	66,808	–	0.14%	–
RJF	New	RAYMOND JAMES FINANCIAL INC CO	$1,322,000	–	19,206	–	0.13%	–
HHC	New	HOWARD HUGHES CORP COM	$1,170,000	–	22,514	–	0.12%	–
PEAK	New	HEALTHPEAK PROPERTIES INC COM	$1,146,000	–	41,579	–	0.11%	–
EVA	New	ENVIVA PARTNERS LP COM UNIT	$870,000	–	24,129	–	0.09%	–
DGICA	New	DONEGAL GROUP INC CL A	$745,000	–	52,395	–	0.07%	–
TROW	New	PRICE T ROWE GROUP INC COM	$467,000	–	3,780	–	0.05%	–
SPB	New	SPECTRUM BRANDS HLDGS INC NEW	$459,000	–	10,000	–	0.04%	–
PGR	New	PROGRESSIVE CORP OHIO COM	$418,000	–	5,215	–	0.04%	–
AB	New	ALLIANCEBERNSTEIN HOLDING LP U	$356,000	–	13,077	–	0.04%	–
FTAI	New	FORTRESS TRANS INFRST INVS LLC	$302,000	–	23,213	–	0.03%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$242,000	–	25,642	–	0.02%	–
SPLP	New	STEEL PARTNERS HLDGS L P LTD P	$151,000	–	28,669	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
DRAD	Exit	DIGIRAD CORP COM NEW	$0	–	-16,564	–	-0.01%	–
ERF	Exit	ENERPLUS CORP COM	$0	–	-19,950	–	-0.01%	–
BRX	Exit	BRIXMOR PPTY GROUP INC COM	$0	–	-10,092	–	-0.01%	–
SYNC	Exit	SYNACOR INC COM	$0	–	-144,600	–	-0.01%	–
AXTI	Exit	AXT INC COM	$0	–	-58,800	–	-0.01%	–
HSY	Exit	HERSHEY CO COM	$0	–	-1,477	–	-0.02%	–
OESX	Exit	ORION ENERGY SYSTEMS INC COM	$0	–	-83,124	–	-0.02%	–
ASPN	Exit	ASPEN AEROGELS INC COM	$0	–	-38,400	–	-0.02%	–
STRT	Exit	STRATTEC SEC CORP COM	$0	–	-11,552	–	-0.02%	–
EMKR	Exit	EMCORE CORP COM NEW	$0	–	-96,000	–	-0.02%	–
ENZ	Exit	ENZO BIOCHEM INC COM	$0	–	-80,000	–	-0.02%	–
CRWS	Exit	CROWN CRAFTS INC COM	$0	–	-49,200	–	-0.02%	–
ALOT	Exit	ASTRONOVA INC COM	$0	–	-19,800	–	-0.02%	–
GSIT	Exit	GSI TECHNOLOGY COM	$0	–	-36,000	–	-0.02%	–
PCTI	Exit	PC-TEL INC COM	$0	–	-42,400	–	-0.02%	–
CVU	Exit	CPI AEROSTRUCTURES INC COM NEW	$0	–	-44,200	–	-0.02%	–
LAKE	Exit	LAKELAND INDS INC COM	$0	–	-32,200	–	-0.03%	–
ALYA	Exit	ALITHYA GROUP INC CL A SUB VTG	$0	–	-132,606	–	-0.03%	–
PRCP	Exit	PERCEPTRON INC COM	$0	–	-83,600	–	-0.03%	–
RUBI	Exit	RUBICON PROJ INC COM	$0	–	-45,976	–	-0.03%	–
CSWC	Exit	CAPITAL SOUTHWEST CORP COM	$0	–	-18,600	–	-0.03%	–
GAIA	Exit	GAIA INC NEW CL A	$0	–	-63,800	–	-0.03%	–
TRC	Exit	TEJON RANCH CO COM	$0	–	-24,800	–	-0.03%	–
SFE	Exit	SAFEGUARD SCIENTIFICS INC COM	$0	–	-40,000	–	-0.03%	–
MIND	Exit	MITCHAM INDS INC COM	$0	–	-155,400	–	-0.04%	–
CPIX	Exit	CUMBERLAND PHARMACEUTICALS INC	$0	–	-89,100	–	-0.04%	–
PCYO	Exit	PURECYCLE CORP COM NEW	$0	–	-62,238	–	-0.04%	–
RNWK	Exit	REALNETWORKS INC COM NEW	$0	–	-402,000	–	-0.05%	–
BTN	Exit	BALLANTYNE STRONG INC COM	$0	–	-218,600	–	-0.05%	–
GRBK	Exit	GREEN BRICK PARTNERS INC COM	$0	–	-65,400	–	-0.05%	–
TURN	Exit	180 DEGREE CAP CORP COM	$0	–	-334,400	–	-0.05%	–
CNTY	Exit	CENTURY CASINOS INC COM	$0	–	-94,200	–	-0.05%	–
ORBC	Exit	ORBCOMM INC COM	$0	–	-160,600	–	-0.05%	–
RBCN	Exit	RUBICON TECHNOLOGY INC COM NEW	$0	–	-92,606	–	-0.06%	–
COWN	Exit	COWEN INC CL A NEW	$0	–	-57,850	–	-0.06%	–
KIN	Exit	KINDRED BIOSCIENCES INC COM	$0	–	-141,800	–	-0.07%	–
EVA	Exit	ENVIVA PARTNERS LP COM UNIT	$0	–	-30,448	–	-0.07%	–
DBI	Exit	DESIGNER BRANDS INC CL A	$0	–	-56,984	–	-0.07%	–
JBHT	Exit	HUNT J B TRANS SVCS INC COM	$0	–	-9,604	–	-0.07%	–
NATH	Exit	NATHANS FAMOUS INC NEW COM	$0	–	-15,665	–	-0.08%	–
FTAI	Exit	FORTRESS TRANS INFRST INVS LLC	$0	–	-85,578	–	-0.09%	–
PGR	Exit	PROGRESSIVE CORP OHIO COM	$0	–	-17,487	–	-0.09%	–
SPLP	Exit	STEEL PARTNERS HLDGS L P LTD P	$0	–	-105,707	–	-0.09%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-124,766	–	-0.10%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LP U	$0	–	-48,206	–	-0.10%	–
TROW	Exit	PRICE T ROWE GROUP INC COM	$0	–	-13,938	–	-0.11%	–
HURC	Exit	HURCO COMPANIES INC COM	$0	–	-64,824	–	-0.14%	–
ULH	Exit	UNIVERSAL LOGISTICS HLDGS INC	$0	–	-91,487	–	-0.15%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-180,796	–	-0.15%	–
CCBG	Exit	CAPITAL CITY BK GROUP INC COM	$0	–	-83,333	–	-0.16%	–
FBM	Exit	FOUNDATION BLDG MATLS INC COM	$0	–	-172,101	–	-0.18%	–
KE	Exit	KIMBALL ELECTRONICS INC COM	$0	–	-199,369	–	-0.20%	–
CVGI	Exit	COMMERCIAL VEH GROUP INC COM	$0	–	-400,487	–	-0.20%	–
PMBC	Exit	PACIFIC MERCANTILE BANCORP COM	$0	–	-391,957	–	-0.20%	–
WNEB	Exit	WESTERN NEW ENG BANCORP INC CO	$0	–	-312,512	–	-0.20%	–
MTSC	Exit	MTS SYS CORP COM	$0	–	-56,324	–	-0.21%	–
FBNC	Exit	FIRST BANCORP N C COM	$0	–	-97,693	–	-0.24%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-124,885	–	-0.24%	–
HTBI	Exit	HOMETRUST BANCSHARES INC COM	$0	–	-138,872	–	-0.25%	–
CVCY	Exit	CENTRAL VALLEY CMNTY BANCORP C	$0	–	-181,723	–	-0.25%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-92,755	–	-0.25%	–
RGCO	Exit	RGC RES INC COM	$0	–	-126,805	–	-0.25%	–
ARTNA	Exit	ARTESIAN RESOURCES CORP CL A	$0	–	-100,655	–	-0.26%	–
IPHS	Exit	INNOPHOS HOLDINGS INC COM	$0	–	-114,841	–	-0.26%	–
SPLPPRA	Exit	STEEL PARTNERS HLDGS L P PFD S	$0	–	-176,389	–	-0.26%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-94,895	–	-0.26%	–
FSTR	Exit	FOSTER L B CO COM	$0	–	-179,480	–	-0.27%	–
MCFT	Exit	MASTERCRAFT BOAT HLDGS INC COM	$0	–	-262,376	–	-0.27%	–
BCEI	Exit	BONANZA CREEK ENERGY INC COM N	$0	–	-182,292	–	-0.28%	–
HBIO	Exit	HARVARD BIOSCIENCE INC COM	$0	–	-1,373,518	–	-0.29%	–
NR	Exit	NEWPARK RES INC COM PAR $.01NE	$0	–	-556,035	–	-0.29%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC COM	$0	–	-157,392	–	-0.29%	–
EGOV	Exit	NIC INC COM	$0	–	-208,701	–	-0.30%	–
PLPC	Exit	PREFORMED LINE PRODS CO COM	$0	–	-79,524	–	-0.30%	–
RTEC	Exit	RUDOLPH TECHNOLOGIES INC COM	$0	–	-167,629	–	-0.30%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-310,924	–	-0.32%	–
CATO	Exit	CATO CORP NEW CL A	$0	–	-266,685	–	-0.32%	–
VRA	Exit	VERA BRADLEY INC COM	$0	–	-472,623	–	-0.33%	–
USLM	Exit	UNITED STATES LIME & MINERALS	$0	–	-63,164	–	-0.33%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-235,271	–	-0.34%	–
RBC	Exit	REGAL BELOIT CORP COM	$0	–	-68,355	–	-0.34%	–
WLH	Exit	LYON WILLIAM HOMES CL A NEW	$0	–	-246,348	–	-0.34%	–
HNGR	Exit	HANGER INC COM NEW	$0	–	-247,054	–	-0.34%	–
FCBC	Exit	FIRST CMNTY BANKSHARES INC NEV	$0	–	-157,792	–	-0.35%	–
KLIC	Exit	KULICKE & SOFFA INDS INC COM	$0	–	-218,564	–	-0.35%	–
DCO	Exit	DUCOMMUN INC DEL COM	$0	–	-121,912	–	-0.35%	–
BBBY	Exit	BED BATH & BEYOND INC COM	$0	–	-489,381	–	-0.36%	–
LPT	Exit	LIBERTY PPTY TR SH BEN INT	$0	–	-101,169	–	-0.36%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP INC	$0	–	-680,220	–	-0.38%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-321,304	–	-0.38%	–
MCS	Exit	MARCUS CORP COM	$0	–	-150,715	–	-0.38%	–
UTL	Exit	UNITIL CORP COM	$0	–	-88,016	–	-0.38%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-197,465	–	-0.38%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-220,331	–	-0.39%	–
EIG	Exit	EMPLOYERS HOLDINGS INC COM	$0	–	-132,973	–	-0.40%	–
CTT	Exit	CATCHMARK TIMBER TR INC CL A	$0	–	-546,614	–	-0.40%	–
RCKY	Exit	ROCKY BRANDS INC COM	$0	–	-177,733	–	-0.40%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-286,248	–	-0.41%	–
EMN	Exit	EASTMAN CHEMICAL CO COM	$0	–	-81,410	–	-0.41%	–
CIO	Exit	CITY OFFICE REIT INC COM	$0	–	-420,727	–	-0.41%	–
AGCO	Exit	AGCO CORP COM	$0	–	-80,942	–	-0.42%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-394,657	–	-0.43%	–
CBZ	Exit	CBIZ INC COM	$0	–	-271,637	–	-0.44%	–
SP	Exit	SP PLUS CORP COM	$0	–	-175,072	–	-0.44%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC COM	$0	–	-72,054	–	-0.45%	–
BERY	Exit	BERRY GLOBAL GROUP INC COM	$0	–	-172,165	–	-0.46%	–
KSS	Exit	KOHLS CORP COM	$0	–	-138,053	–	-0.47%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-124,841	–	-0.47%	–
HUN	Exit	HUNTSMAN CORP COM	$0	–	-296,898	–	-0.47%	–
HHC	Exit	HOWARD HUGHES CORP COM	$0	–	-53,895	–	-0.48%	–
IRT	Exit	INDEPENDENCE RLTY TR INC COM	$0	–	-492,554	–	-0.48%	–
CFG	Exit	CITIZENS FINL GROUP INC COM	$0	–	-201,078	–	-0.49%	–
PNC	Exit	PNC FINL SVCS GROUP INC COM	$0	–	-50,821	–	-0.49%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-160,031	–	-0.50%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-66,493	–	-0.51%	–
STAR	Exit	ISTAR INC COM	$0	–	-570,465	–	-0.51%	–
MRO	Exit	MARATHON OIL CORP COM	$0	–	-624,788	–	-0.52%	–
MAS	Exit	MASCO CORP COM	$0	–	-191,872	–	-0.55%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-425,798	–	-0.55%	–
BLMN	Exit	BLOOMIN BRANDS INC COM	$0	–	-423,748	–	-0.55%	–
KMT	Exit	KENNAMETAL INC COM	$0	–	-264,231	–	-0.56%	–
CJ	Exit	C&J ENERGY SVCS INC NEW COM	$0	–	-771,115	–	-0.57%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-60,974	–	-0.57%	–
COLB	Exit	COLUMBIA BKG SYS INC COM	$0	–	-231,192	–	-0.58%	–
KRG	Exit	KITE RLTY GROUP TR COM NEW	$0	–	-531,694	–	-0.59%	–
EHC	Exit	ENCOMPASS HEALTH CORP COM	$0	–	-136,920	–	-0.59%	–
STRL	Exit	STERLING CONSTRUCTION CO INC C	$0	–	-659,538	–	-0.59%	–
ENSG	Exit	ENSIGN GROUP INC COM	$0	–	-183,781	–	-0.60%	–
CLI	Exit	MACK CALI RLTY CORP COM	$0	–	-402,314	–	-0.60%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-105,962	–	-0.61%	–
FLOW	Exit	SPX FLOW INC COM	$0	–	-236,024	–	-0.64%	–
GL	Exit	GLOBE LIFE INC COM	$0	–	-97,451	–	-0.64%	–
XEL	Exit	XCEL ENERGY INC COM	$0	–	-146,380	–	-0.65%	–
SNN	Exit	SMITH & NEPHEW PLC SPDN ADR NE	$0	–	-198,696	–	-0.66%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-156,014	–	-0.66%	–
CAL	Exit	CALERES INC COM	$0	–	-417,801	–	-0.67%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-436,655	–	-0.68%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-82,583	–	-0.70%	–
FN	Exit	FABRINET SHS	$0	–	-199,226	–	-0.71%	–
BAX	Exit	BAXTER INTL INC COM	$0	–	-119,440	–	-0.72%	–
THS	Exit	TREEHOUSE FOODS INC COM	$0	–	-191,280	–	-0.73%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION CO	$0	–	-283,192	–	-0.74%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-1,059,464	–	-0.77%	–
TALO	Exit	TALOS ENERGY INC COM	$0	–	-556,830	–	-0.78%	–
URBN	Exit	URBAN OUTFITTERS INC COM	$0	–	-414,685	–	-0.80%	–
GHL	Exit	GREENHILL & CO INC COM	$0	–	-900,851	–	-0.81%	–
FHB	Exit	FIRST HAWAIIAN INC COM	$0	–	-444,344	–	-0.81%	–
ITGR	Exit	INTEGER HLDGS CORP COM	$0	–	-159,186	–	-0.82%	–
FFG	Exit	FBL FINL GROUP INC CL A	$0	–	-202,738	–	-0.83%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-104,581	–	-0.84%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-259,834	–	-0.88%	–
PBH	Exit	PRESTIGE CONSMR HEALTHCARE INC	$0	–	-373,862	–	-0.89%	–
OII	Exit	OCEANEERING INTL INC COM	$0	–	-961,790	–	-0.89%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-230,960	–	-0.90%	–
FULT	Exit	FULTON FINL CORP PA COM	$0	–	-846,306	–	-0.94%	–
MTH	Exit	MERITAGE HOMES CORP COM	$0	–	-195,958	–	-0.94%	–
ATKR	Exit	ATKORE INTL GROUP INC COM	$0	–	-457,403	–	-0.95%	–
HUBG	Exit	HUB GROUP INC CL A	$0	–	-301,276	–	-0.96%	–
CIEN	Exit	CIENA CORP COM NEW	$0	–	-367,076	–	-0.99%	–
EXPE	Exit	EXPEDIA GROUP INC COM NEW	$0	–	-107,316	–	-0.99%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-161,907	–	-1.00%	–
SSB	Exit	SOUTH ST CORP COM	$0	–	-200,677	–	-1.03%	–
GBX	Exit	GREENBRIER COS INC COM	$0	–	-507,152	–	-1.05%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-627,450	–	-1.05%	–
MOGA	Exit	MOOG INC CL A	$0	–	-193,058	–	-1.07%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC CL A	$0	–	-159,851	–	-1.12%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-152,700	–	-1.14%	–
STAG	Exit	STAG INDL INC COM	$0	–	-563,459	–	-1.14%	–
VZ	Exit	VERIZON COMMUNICATIONS INC COM	$0	–	-277,431	–	-1.15%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD COM	$0	–	-87,093	–	-1.15%	–
WAFD	Exit	WASHINGTON FED INC COM	$0	–	-464,120	–	-1.18%	–
GPK	Exit	GRAPHIC PACKAGING HLDG CO COM	$0	–	-1,181,270	–	-1.19%	–
OFIX	Exit	ORTHOFIX MED INC COM	$0	–	-335,446	–	-1.22%	–
RDNT	Exit	RADNET INC COM	$0	–	-1,243,053	–	-1.22%	–
FHN	Exit	FIRST HORIZON NATL CORP COM	$0	–	-1,105,071	–	-1.23%	–
SWX	Exit	SOUTHWEST GAS HOLDINGS INC COM	$0	–	-204,775	–	-1.28%	–
CABO	Exit	CABLE ONE INC COM	$0	–	-14,964	–	-1.28%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-190,550	–	-1.29%	–
NWE	Exit	NORTHWESTERN CORP COM NEW	$0	–	-256,910	–	-1.32%	–
CTBI	Exit	COMMUNITY TR BANCORP INC COM	$0	–	-454,621	–	-1.32%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-891,518	–	-1.34%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-581,846	–	-1.34%	–
FWRD	Exit	FORWARD AIR CORP COM	$0	–	-309,046	–	-1.35%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-531,982	–	-1.37%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-356,828	–	-1.38%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-1,333,444	–	-1.38%	–
ROCK	Exit	GIBRALTAR INDS INC COM	$0	–	-440,815	–	-1.39%	–
UNF	Exit	UNIFIRST CORP MASS COM	$0	–	-106,182	–	-1.42%	–
HT	Exit	HERSHA HOSPITALITY TR PR SHS B	$0	–	-1,427,068	–	-1.45%	–
PWR	Exit	QUANTA SVCS INC COM	$0	–	-574,743	–	-1.49%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-1,074,586	–	-1.49%	–
TER	Exit	TERADYNE INC COM	$0	–	-397,443	–	-1.58%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-1,897,935	–	-2.11%	–

Q3 2019

			Value		Shares		↓ Weighting
AEO	Buy	AMERICAN EAGLE OUTFITTERS NEW	$30,785,000	+39.2%	1,897,935	+45.0%	2.11%	+14.8%
TER	Sell	TERADYNE INC COM	$23,016,000	+2.3%	397,443	-15.4%	1.58%	-15.7%
ASB	Buy	ASSOCIATED BANC CORP COM	$21,760,000	+43.1%	1,074,586	+49.4%	1.49%	+18.0%
PWR	Buy	QUANTA SVCS INC COM	$21,725,000	-0.2%	574,743	+0.9%	1.49%	-17.8%
HT	Buy	HERSHA HOSPITALITY TR PR SHS B	$21,235,000	+6.3%	1,427,068	+18.1%	1.45%	-12.4%
UNF	Buy	UNIFIRST CORP MASS COM	$20,718,000	+4.3%	106,182	+0.8%	1.42%	-14.1%
ROCK	Sell	GIBRALTAR INDS INC COM	$20,251,000	+1.7%	440,815	-10.7%	1.39%	-16.2%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$20,202,000	+6.6%	1,333,444	+0.8%	1.38%	-12.1%
POR	Buy	PORTLAND GEN ELEC CO COM NEW	$20,114,000	+5.0%	356,828	+0.9%	1.38%	-13.5%
CUZ	Buy	COUSINS PPTYS INC COM	$19,997,000	+5.2%	531,982	+1.2%	1.37%	-13.3%
FWRD	Buy	FORWARD AIR CORP COM	$19,692,000	+8.7%	309,046	+0.9%	1.35%	-10.4%
SASR	Buy	SANDY SPRING BANCORP INC COM	$19,614,000	-1.1%	581,846	+2.3%	1.34%	-18.5%
KW	Buy	KENNEDY-WILSON HLDGS INC COM	$19,542,000	+10.5%	891,518	+3.7%	1.34%	-8.9%
CTBI	Buy	COMMUNITY TR BANCORP INC COM	$19,358,000	+3.1%	454,621	+2.3%	1.32%	-15.1%
NWE	Buy	NORTHWESTERN CORP COM NEW	$19,281,000	+5.0%	256,910	+0.9%	1.32%	-13.5%
KALU	Buy	KAISER ALUMINUM CORP COM PAR $	$18,859,000	+38.6%	190,550	+36.7%	1.29%	+14.2%
CABO	Buy	CABLE ONE INC COM	$18,775,000	+8.7%	14,964	+1.5%	1.28%	-10.5%
SWX	Buy	SOUTHWEST GAS HOLDINGS INC COM	$18,643,000	+2.5%	204,775	+0.9%	1.28%	-15.6%
FHN	Buy	FIRST HORIZON NATL CORP COM	$17,902,000	+9.4%	1,105,071	+0.8%	1.23%	-9.9%
RDNT	Buy	RADNET INC COM	$17,850,000	+7.2%	1,243,053	+2.9%	1.22%	-11.6%
OFIX	Buy	ORTHOFIX MED INC COM	$17,785,000	+11.3%	335,446	+11.0%	1.22%	-8.3%
GPK	Buy	GRAPHIC PACKAGING HLDG CO COM	$17,424,000	+18.8%	1,181,270	+12.6%	1.19%	-2.1%
WAFD	Sell	WASHINGTON FED INC COM	$17,168,000	-0.3%	464,120	-5.8%	1.18%	-17.8%
RNR	Buy	RENAISSANCERE HOLDINGS LTD COM	$16,848,000	+9.6%	87,093	+0.9%	1.15%	-9.7%
VZ	Buy	VERIZON COMMUNICATIONS INC COM	$16,746,000	+116.2%	277,431	+104.6%	1.15%	+78.0%
STAG	Buy	STAG INDL INC COM	$16,611,000	-1.8%	563,459	+0.7%	1.14%	-19.1%
ALL	Buy	ALLSTATE CORP COM	$16,595,000	+100.0%	152,700	+87.1%	1.14%	+64.9%
NXST	Sell	NEXSTAR MEDIA GROUP INC CL A	$16,354,000	-25.0%	159,851	-25.9%	1.12%	-38.1%
MOGA	Sell	MOOG INC CL A	$15,661,000	-36.5%	193,058	-26.8%	1.07%	-47.7%
PFS	Buy	PROVIDENT FINL SVCS INC COM	$15,391,000	+2.1%	627,450	+0.9%	1.05%	-15.9%
GBX	Sell	GREENBRIER COS INC COM	$15,275,000	-8.1%	507,152	-7.2%	1.05%	-24.3%
SSB	Buy	SOUTH ST CORP COM	$15,111,000	+5.2%	200,677	+2.9%	1.03%	-13.4%
PRU	Buy	PRUDENTIAL FINL INC COM	$14,564,000	+64.5%	161,907	+84.7%	1.00%	+35.6%
EXPE	Buy	EXPEDIA GROUP INC COM NEW	$14,424,000	+1173.1%	107,316	+1159.7%	0.99%	+950.0%
CIEN	Buy	CIENA CORP COM NEW	$14,400,000	-3.8%	367,076	+0.8%	0.99%	-20.7%
HUBG	Buy	HUB GROUP INC CL A	$14,009,000	+12.0%	301,276	+1.1%	0.96%	-7.7%
ATKR	Sell	ATKORE INTL GROUP INC COM	$13,882,000	+5.9%	457,403	-9.7%	0.95%	-12.8%
MTH	Buy	MERITAGE HOMES CORP COM	$13,786,000	+39.0%	195,958	+1.4%	0.94%	+14.6%
FULT	Sell	FULTON FINL CORP PA COM	$13,693,000	-1.8%	846,306	-0.6%	0.94%	-19.1%
COP	Buy	CONOCOPHILLIPS COM	$13,160,000	+100.2%	230,960	+114.3%	0.90%	+65.0%
OII	Buy	OCEANEERING INTL INC COM	$13,032,000	-10.5%	961,790	+34.6%	0.89%	-26.3%
PBH	Buy	PRESTIGE CONSMR HEALTHCARE INC	$12,969,000	+10.4%	373,862	+0.8%	0.89%	-9.0%
CSCO	Buy	CISCO SYS INC COM	$12,838,000	+66.6%	259,834	+84.6%	0.88%	+37.3%
JPM	Buy	JPMORGAN CHASE & CO COM	$12,308,000	+562.8%	104,581	+529.6%	0.84%	+447.4%
FFG	Buy	FBL FINL GROUP INC CL A	$12,065,000	-5.9%	202,738	+0.9%	0.83%	-22.4%
ITGR	Buy	INTEGER HLDGS CORP COM	$12,028,000	-9.2%	159,186	+0.9%	0.82%	-25.2%
FHB	Buy	FIRST HAWAIIAN INC COM	$11,864,000	+44.2%	444,344	+39.7%	0.81%	+18.7%
GHL	Buy	GREENHILL & CO INC COM	$11,819,000	+13.3%	900,851	+17.3%	0.81%	-6.7%
URBN	Buy	URBAN OUTFITTERS INC COM	$11,649,000	+36.0%	414,685	+10.2%	0.80%	+11.9%
TALO	Buy	TALOS ENERGY INC COM	$11,320,000	+1.5%	556,830	+20.1%	0.78%	-16.3%
WPX	Buy	WPX ENERGY INC COM	$11,220,000	-1.7%	1,059,464	+6.9%	0.77%	-19.0%
HWC	Buy	HANCOCK WHITNEY CORPORATION CO	$10,845,000	-3.5%	283,192	+1.0%	0.74%	-20.5%
THS	Buy	TREEHOUSE FOODS INC COM	$10,606,000	+3.6%	191,280	+1.1%	0.73%	-14.7%
BAX	Buy	BAXTER INTL INC COM	$10,447,000	+270.5%	119,440	+246.9%	0.72%	+205.6%
FN	Buy	FABRINET SHS	$10,420,000	+26.2%	199,226	+19.8%	0.71%	+3.9%
PG	Buy	PROCTER & GAMBLE CO COM	$10,272,000	+568.8%	82,583	+489.7%	0.70%	+449.2%
RDN	Buy	RADIAN GROUP INC COM	$9,973,000	+0.8%	436,655	+0.8%	0.68%	-16.9%
CAL	Sell	CALERES INC COM	$9,781,000	+12.7%	417,801	-4.1%	0.67%	-7.1%
PEG	Buy	PUBLIC SVC ENTERPRISE GROUP CO	$9,685,000	+252.1%	156,014	+233.6%	0.66%	+189.5%
SNN	Buy	SMITH & NEPHEW PLC SPDN ADR NE	$9,563,000	+272.1%	198,696	+236.6%	0.66%	+206.1%
XEL	Buy	XCEL ENERGY INC COM	$9,499,000	+550.6%	146,380	+496.5%	0.65%	+437.2%
GL	New	GLOBE LIFE INC COM	$9,332,000	–	97,451	–	0.64%	–
FLOW	Buy	SPX FLOW INC COM	$9,314,000	-5.0%	236,024	+0.8%	0.64%	-21.6%
ABT	Buy	ABBOTT LABS COM	$8,866,000	+253.2%	105,962	+255.0%	0.61%	+190.4%
CLI	New	MACK CALI RLTY CORP COM	$8,714,000	–	402,314	–	0.60%	–
ENSG	Buy	ENSIGN GROUP INC COM	$8,717,000	-14.9%	183,781	+2.2%	0.60%	-29.8%
STRL	Buy	STERLING CONSTRUCTION CO INC C	$8,673,000	+5.7%	659,538	+7.8%	0.59%	-12.9%
EHC	Buy	ENCOMPASS HEALTH CORP COM	$8,664,000	+594.8%	136,920	+595.5%	0.59%	+470.2%
KRG	Buy	KITE RLTY GROUP TR COM NEW	$8,587,000	+7.5%	531,694	+0.7%	0.59%	-11.3%
COLB	New	COLUMBIA BKG SYS INC COM	$8,531,000	–	231,192	–	0.58%	–
UTX	Buy	UNITED TECHNOLOGIES CORP COM	$8,324,000	+521.2%	60,974	+492.6%	0.57%	+413.5%
CJ	Buy	C&J ENERGY SVCS INC NEW COM	$8,274,000	-8.1%	771,115	+0.8%	0.57%	-24.3%
KMT	Sell	KENNAMETAL INC COM	$8,122,000	-24.7%	264,231	-9.4%	0.56%	-37.9%
HAL	New	HALLIBURTON CO COM	$8,026,000	–	425,798	–	0.55%	–
BLMN	New	BLOOMIN BRANDS INC COM	$8,022,000	–	423,748	–	0.55%	–
MAS	Buy	MASCO CORP COM	$7,997,000	+624.4%	191,872	+582.1%	0.55%	+494.6%
MRO	Buy	MARATHON OIL CORP COM	$7,666,000	+352.3%	624,788	+423.7%	0.52%	+272.3%
STAR	Sell	ISTAR INC COM	$7,445,000	-5.9%	570,465	-10.5%	0.51%	-22.4%
ADI	Buy	ANALOG DEVICES INC COM	$7,429,000	+275.8%	66,493	+279.6%	0.51%	+210.4%
CIT	Buy	CIT GROUP INC COM NEW	$7,251,000	+411.7%	160,031	+493.5%	0.50%	+320.3%
PNC	Buy	PNC FINL SVCS GROUP INC COM	$7,123,000	+516.2%	50,821	+503.3%	0.49%	+408.3%
CFG	Buy	CITIZENS FINL GROUP INC COM	$7,112,000	+10.7%	201,078	+10.7%	0.49%	-8.8%
IRT	Buy	INDEPENDENCE RLTY TR INC COM	$7,048,000	+34.8%	492,554	+9.0%	0.48%	+11.3%
HHC	Buy	HOWARD HUGHES CORP COM	$6,985,000	+370.1%	53,895	+349.2%	0.48%	+288.6%
MDLZ	Buy	MONDELEZ INTL INC CL A	$6,906,000	+511.2%	124,841	+495.2%	0.47%	+403.2%
HUN	Buy	HUNTSMAN CORP COM	$6,906,000	+26.7%	296,898	+11.3%	0.47%	+4.4%
KSS	Buy	KOHLS CORP COM	$6,856,000	+301.6%	138,053	+284.5%	0.47%	+230.3%
BERY	Buy	BERRY GLOBAL GROUP INC COM	$6,761,000	+222.1%	172,165	+331.3%	0.46%	+166.1%
AKAM	Buy	AKAMAI TECHNOLOGIES INC COM	$6,584,000	+580.2%	72,054	+496.5%	0.45%	+463.8%
SP	Buy	SP PLUS CORP COM	$6,478,000	+26.4%	175,072	+9.1%	0.44%	+4.0%
CBZ	Buy	CBIZ INC COM	$6,383,000	+30.9%	271,637	+9.1%	0.44%	+7.9%
RF	Buy	REGIONS FINL CORP NEW COM	$6,243,000	+534.5%	394,657	+499.0%	0.43%	+420.7%
AGCO	Buy	AGCO CORP COM	$6,127,000	+201.1%	80,942	+208.6%	0.42%	+147.9%
CIO	Sell	CITY OFFICE REIT INC COM	$6,054,000	+13.1%	420,727	-5.8%	0.41%	-7.0%
EMN	Buy	EASTMAN CHEMICAL CO COM	$6,011,000	+567.1%	81,410	+603.5%	0.41%	+449.3%
ARKR	Buy	ARK RESTAURANTS CORP COM	$5,983,000	+8.9%	286,248	+6.6%	0.41%	-10.1%
RCKY	Buy	ROCKY BRANDS INC COM	$5,906,000	+30.5%	177,733	+7.1%	0.40%	+7.4%
CTT	Sell	CATCHMARK TIMBER TR INC CL A	$5,832,000	-8.8%	546,614	-10.7%	0.40%	-24.9%
EIG	Buy	EMPLOYERS HOLDINGS INC COM	$5,795,000	+12.5%	132,973	+9.1%	0.40%	-7.2%
TRNS	Sell	TRANSCAT INC COM	$5,643,000	-4.7%	220,331	-4.8%	0.39%	-21.5%
CLCT	Buy	COLLECTORS UNIVERSE INC COM NE	$5,624,000	+45.7%	197,465	+9.1%	0.38%	+19.9%
MCS	Buy	MARCUS CORP COM	$5,578,000	+22.5%	150,715	+9.1%	0.38%	+1.1%
UTL	Buy	UNITIL CORP COM	$5,584,000	+15.5%	88,016	+9.1%	0.38%	-5.0%
ONB	Sell	OLD NATL BANCORP IND COM	$5,528,000	+2.9%	321,304	-0.8%	0.38%	-15.2%
HLX	Buy	HELIX ENERGY SOLUTIONS GRP INC	$5,483,000	+16.7%	680,220	+24.9%	0.38%	-3.8%
BBBY	Buy	BED BATH & BEYOND INC COM	$5,207,000	-6.9%	489,381	+1.7%	0.36%	-23.4%
LPT	Buy	LIBERTY PPTY TR SH BEN INT	$5,193,000	+424.0%	101,169	+411.0%	0.36%	+334.1%
DCO	Sell	DUCOMMUN INC DEL COM	$5,169,000	-12.2%	121,912	-6.7%	0.35%	-27.6%
KLIC	Buy	KULICKE & SOFFA INDS INC COM	$5,132,000	+13.8%	218,564	+9.3%	0.35%	-6.4%
FCBC	Buy	FIRST CMNTY BANKSHARES INC NEV	$5,108,000	+4.5%	157,792	+9.0%	0.35%	-13.8%
HNGR	Buy	HANGER INC COM NEW	$5,035,000	+67.1%	247,054	+57.0%	0.34%	+38.0%
WLH	Sell	LYON WILLIAM HOMES CL A NEW	$5,016,000	-15.9%	246,348	-24.7%	0.34%	-30.8%
RBC	Buy	REGAL BELOIT CORP COM	$4,980,000	+153.2%	68,355	+184.0%	0.34%	+109.2%
MRTN	Sell	MARTEN TRANS LTD COM	$4,889,000	+0.6%	235,271	-12.1%	0.34%	-17.1%
USLM	Buy	UNITED STATES LIME & MINERALS	$4,832,000	+4.2%	63,164	+9.0%	0.33%	-14.0%
VRA	Buy	VERA BRADLEY INC COM	$4,773,000	+38.5%	472,623	+64.6%	0.33%	+14.3%
CATO	Sell	CATO CORP NEW CL A	$4,696,000	+28.1%	266,685	-10.4%	0.32%	+5.2%
AMSWA	Buy	AMERICAN SOFTWARE INC CL A	$4,670,000	+24.5%	310,924	+9.0%	0.32%	+2.6%
RTEC	Buy	RUDOLPH TECHNOLOGIES INC COM	$4,419,000	+4.1%	167,629	+9.1%	0.30%	-14.2%
PLPC	Buy	PREFORMED LINE PRODS CO COM	$4,341,000	+4.9%	79,524	+6.7%	0.30%	-13.7%
EGOV	Buy	NIC INC COM	$4,310,000	+40.3%	208,701	+9.0%	0.30%	+15.7%
CBPX	Buy	CONTINENTAL BLDG PRODS INC COM	$4,295,000	+20.9%	157,392	+17.7%	0.29%	-0.3%
NR	Buy	NEWPARK RES INC COM PAR $.01NE	$4,237,000	+11.8%	556,035	+8.9%	0.29%	-7.9%
HBIO	Buy	HARVARD BIOSCIENCE INC COM	$4,224,000	+82.8%	1,373,518	+18.9%	0.29%	+50.5%
BCEI	Buy	BONANZA CREEK ENERGY INC COM N	$4,082,000	+31.6%	182,292	+22.7%	0.28%	+8.1%
MCFT	Buy	MASTERCRAFT BOAT HLDGS INC COM	$3,916,000	-18.8%	262,376	+6.5%	0.27%	-33.2%
FSTR	Buy	FOSTER L B CO COM	$3,889,000	-15.3%	179,480	+6.9%	0.27%	-30.2%
NRIM	Buy	NORTHRIM BANCORP INC COM	$3,764,000	+21.4%	94,895	+9.2%	0.26%	0.0%
SPLPPRA	Buy	STEEL PARTNERS HLDGS L P PFD S	$3,734,000	+7.0%	176,389	+6.2%	0.26%	-11.7%
ARTNA	Buy	ARTESIAN RESOURCES CORP CL A	$3,724,000	+8.6%	100,655	+9.1%	0.26%	-10.5%
IPHS	Buy	INNOPHOS HOLDINGS INC COM	$3,728,000	+33.5%	114,841	+19.7%	0.26%	+9.9%
NKSH	Buy	NATIONAL BANKSHARES INC VA COM	$3,715,000	+11.9%	92,755	+8.8%	0.25%	-8.0%
RGCO	Sell	RGC RES INC COM	$3,708,000	-8.1%	126,805	-4.1%	0.25%	-24.2%
CVCY	Buy	CENTRAL VALLEY CMNTY BANCORP C	$3,698,000	+3.5%	181,723	+9.2%	0.25%	-14.8%
HTBI	Buy	HOMETRUST BANCSHARES INC COM	$3,620,000	+13.0%	138,872	+9.0%	0.25%	-6.8%
TBNK	Buy	TERRITORIAL BANCORP INC COM	$3,569,000	+0.5%	124,885	+8.7%	0.24%	-17.3%
FBNC	Buy	FIRST BANCORP N C COM	$3,507,000	+7.8%	97,693	+9.4%	0.24%	-11.1%
MTSC	Buy	MTS SYS CORP COM	$3,112,000	+3.0%	56,324	+9.1%	0.21%	-15.1%
WNEB	Buy	WESTERN NEW ENG BANCORP INC CO	$2,978,000	+11.3%	312,512	+9.1%	0.20%	-8.1%
PMBC	Buy	PACIFIC MERCANTILE BANCORP COM	$2,944,000	-0.6%	391,957	+9.2%	0.20%	-17.9%
CVGI	Buy	COMMERCIAL VEH GROUP INC COM	$2,888,000	-1.9%	400,487	+9.1%	0.20%	-19.2%
KE	Buy	KIMBALL ELECTRONICS INC COM	$2,893,000	-2.6%	199,369	+9.0%	0.20%	-19.8%
FBM	Sell	FOUNDATION BLDG MATLS INC COM	$2,666,000	-67.2%	172,101	-62.3%	0.18%	-72.9%
CCBG	Sell	CAPITAL CITY BK GROUP INC COM	$2,287,000	-4.6%	83,333	-13.7%	0.16%	-21.1%
BFIN	Buy	BANKFINANCIAL CORP COM	$2,151,000	-7.2%	180,796	+9.1%	0.15%	-23.8%
ULH	New	UNIVERSAL LOGISTICS HLDGS INC	$2,130,000	–	91,487	–	0.15%	–
HURC	Sell	HURCO COMPANIES INC COM	$2,085,000	-33.0%	64,824	-26.0%	0.14%	-44.8%
TROW	Sell	PRICE T ROWE GROUP INC COM	$1,592,000	+2.6%	13,938	-1.4%	0.11%	-15.5%
AB	Sell	ALLIANCEBERNSTEIN HOLDING LP U	$1,415,000	-2.7%	48,206	-1.4%	0.10%	-19.8%
BIF	Sell	BOULDER GROWTH & INCOME FD INC	$1,397,000	-1.8%	124,766	-1.4%	0.10%	-18.6%
SPLP	Sell	STEEL PARTNERS HLDGS L P LTD P	$1,353,000	-9.9%	105,707	-1.4%	0.09%	-25.6%
PGR	Buy	PROGRESSIVE CORP OHIO COM	$1,351,000	+5.7%	17,487	+9.3%	0.09%	-13.2%
FTAI	Sell	FORTRESS TRANS INFRST INVS LLC	$1,297,000	-1.1%	85,578	-1.4%	0.09%	-18.3%
NATH	New	NATHANS FAMOUS INC NEW COM	$1,126,000	–	15,665	–	0.08%	–
JBHT	Sell	HUNT J B TRANS SVCS INC COM	$1,063,000	+8.9%	9,604	-10.0%	0.07%	-9.9%
EVA	New	ENVIVA PARTNERS LP COM UNIT	$973,000	–	30,448	–	0.07%	–
DBI	Buy	DESIGNER BRANDS INC CL A	$976,000	+30.7%	56,984	+46.2%	0.07%	+8.1%
KIN	New	KINDRED BIOSCIENCES INC COM	$971,000	–	141,800	–	0.07%	–
COWN	New	COWEN INC CL A NEW	$890,000	–	57,850	–	0.06%	–
RBCN	New	RUBICON TECHNOLOGY INC COM NEW	$886,000	–	92,606	–	0.06%	–
ORBC	New	ORBCOMM INC COM	$764,000	–	160,600	–	0.05%	–
CNTY	New	CENTURY CASINOS INC COM	$728,000	–	94,200	–	0.05%	–
TURN	New	180 DEGREE CAP CORP COM	$715,000	–	334,400	–	0.05%	–
GRBK	New	GREEN BRICK PARTNERS INC COM	$700,000	–	65,400	–	0.05%	–
BTN	New	BALLANTYNE STRONG INC COM	$680,000	–	218,600	–	0.05%	–
RNWK	New	REALNETWORKS INC COM NEW	$667,000	–	402,000	–	0.05%	–
PCYO	New	PURECYCLE CORP COM NEW	$640,000	–	62,238	–	0.04%	–
CPIX	New	CUMBERLAND PHARMACEUTICALS INC	$528,000	–	89,100	–	0.04%	–
MIND	New	MITCHAM INDS INC COM	$505,000	–	155,400	–	0.04%	–
SFE	New	SAFEGUARD SCIENTIFICS INC COM	$454,000	–	40,000	–	0.03%	–
TRC	New	TEJON RANCH CO COM	$421,000	–	24,800	–	0.03%	–
CSWC	New	CAPITAL SOUTHWEST CORP COM	$405,000	–	18,600	–	0.03%	–
GAIA	New	GAIA INC NEW CL A	$415,000	–	63,800	–	0.03%	–
PRCP	New	PERCEPTRON INC COM	$401,000	–	83,600	–	0.03%	–
ALYA	New	ALITHYA GROUP INC CL A SUB VTG	$393,000	–	132,606	–	0.03%	–
LAKE	New	LAKELAND INDS INC COM	$390,000	–	32,200	–	0.03%	–
RUBI	New	RUBICON PROJ INC COM	$400,000	–	45,976	–	0.03%	–
CVU	New	CPI AEROSTRUCTURES INC COM NEW	$363,000	–	44,200	–	0.02%	–
PCTI	New	PC-TEL INC COM	$356,000	–	42,400	–	0.02%	–
GSIT	New	GSI TECHNOLOGY COM	$315,000	–	36,000	–	0.02%	–
ALOT	New	ASTRONOVA INC COM	$320,000	–	19,800	–	0.02%	–
CRWS	New	CROWN CRAFTS INC COM	$308,000	–	49,200	–	0.02%	–
ENZ	New	ENZO BIOCHEM INC COM	$288,000	–	80,000	–	0.02%	–
EMKR	New	EMCORE CORP COM NEW	$295,000	–	96,000	–	0.02%	–
OESX	New	ORION ENERGY SYSTEMS INC COM	$237,000	–	83,124	–	0.02%	–
ASPN	New	ASPEN AEROGELS INC COM	$227,000	–	38,400	–	0.02%	–
STRT	New	STRATTEC SEC CORP COM	$230,000	–	11,552	–	0.02%	–
HSY	New	HERSHEY CO COM	$229,000	–	1,477	–	0.02%	–
AXTI	New	AXT INC COM	$209,000	–	58,800	–	0.01%	–
SYNC	New	SYNACOR INC COM	$202,000	–	144,600	–	0.01%	–
BRX	New	BRIXMOR PPTY GROUP INC COM	$205,000	–	10,092	–	0.01%	–
ERF	New	ENERPLUS CORP COM	$148,000	–	19,950	–	0.01%	–
DRAD	New	DIGIRAD CORP COM NEW	$74,000	–	16,564	–	0.01%	–
COG	Exit	CABOT OIL & GAS CORP COM	$0	–	-36,958	–	-0.07%	–
CSX	Exit	CSX CORP COM	$0	–	-15,182	–	-0.10%	–
	Exit	TORCHMARK CORP	$0	–	-16,455	–	-0.12%	–
PTEN	Exit	PATTERSON UTI ENERGY INC COM	$0	–	-186,735	–	-0.18%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-134,781	–	-0.40%	–
TTMI	Exit	TTM TECHNOLOGIES INC COM	$0	–	-765,008	–	-0.65%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-203,896	–	-0.65%	–
SNBR	Exit	SLEEP NUMBER CORP COM	$0	–	-221,145	–	-0.74%	–
OEC	Exit	ORION ENGINEERED CARBONS S A C	$0	–	-1,033,307	–	-1.84%	–

Q2 2019

			Value		Shares		↓ Weighting
MOGA	New	MOOG INC CL A	$24,681,000	–	263,658	–	2.05%	–
TER	New	TERADYNE INC COM	$22,505,000	–	469,729	–	1.87%	–
OEC	New	ORION ENGINEERED CARBONS S A C	$22,123,000	–	1,033,307	–	1.84%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$22,114,000	–	1,308,497	–	1.84%	–
NXST	New	NEXSTAR MEDIA GROUP INC CL A	$21,793,000	–	215,771	–	1.81%	–
PWR	New	QUANTA SVCS INC COM	$21,758,000	–	569,732	–	1.81%	–
HT	New	HERSHA HOSPITALITY TR PR SHS B	$19,979,000	–	1,207,909	–	1.66%	–
ROCK	New	GIBRALTAR INDS INC COM	$19,915,000	–	493,439	–	1.65%	–
UNF	New	UNIFIRST CORP MASS COM	$19,873,000	–	105,386	–	1.65%	–
SASR	New	SANDY SPRING BANCORP INC COM	$19,838,000	–	568,761	–	1.65%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$19,156,000	–	353,623	–	1.59%	–
CUZ	New	COUSINS PPTYS INC COM	$19,007,000	–	525,503	–	1.58%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$18,948,000	–	1,323,179	–	1.57%	–
CTBI	New	COMMUNITY TR BANCORP INC COM	$18,785,000	–	444,204	–	1.56%	–
NWE	New	NORTHWESTERN CORP COM NEW	$18,371,000	–	254,624	–	1.53%	–
SWX	New	SOUTHWEST GAS HOLDINGS INC COM	$18,185,000	–	202,908	–	1.51%	–
FWRD	New	FORWARD AIR CORP COM	$18,116,000	–	306,269	–	1.50%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$17,682,000	–	859,592	–	1.47%	–
CABO	New	CABLE ONE INC COM	$17,271,000	–	14,749	–	1.44%	–
WAFD	New	WASHINGTON FED INC COM	$17,218,000	–	492,919	–	1.43%	–
STAG	New	STAG INDL INC COM	$16,912,000	–	559,271	–	1.40%	–
RDNT	New	RADNET INC COM	$16,653,000	–	1,207,609	–	1.38%	–
GBX	New	GREENBRIER COS INC COM	$16,618,000	–	546,652	–	1.38%	–
FHN	New	FIRST HORIZON NATL CORP COM	$16,367,000	–	1,096,255	–	1.36%	–
OFIX	New	ORTHOFIX MED INC COM	$15,986,000	–	302,309	–	1.33%	–
RNR	New	RENAISSANCERE HOLDINGS LTD COM	$15,367,000	–	86,324	–	1.28%	–
ASB	New	ASSOCIATED BANC CORP COM	$15,205,000	–	719,255	–	1.26%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$15,078,000	–	621,767	–	1.25%	–
CIEN	New	CIENA CORP COM NEW	$14,976,000	–	364,121	–	1.24%	–
GPK	New	GRAPHIC PACKAGING HLDG CO COM	$14,664,000	–	1,048,924	–	1.22%	–
OII	New	OCEANEERING INTL INC COM	$14,565,000	–	714,311	–	1.21%	–
SSB	New	SOUTH ST CORP COM	$14,368,000	–	195,038	–	1.19%	–
FULT	New	FULTON FINL CORP PA COM	$13,940,000	–	851,529	–	1.16%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$13,606,000	–	139,395	–	1.13%	–
ITGR	New	INTEGER HLDGS CORP COM	$13,240,000	–	157,775	–	1.10%	–
ATKR	New	ATKORE INTL GROUP INC COM	$13,103,000	–	506,496	–	1.09%	–
FFG	New	FBL FINL GROUP INC CL A	$12,819,000	–	200,924	–	1.06%	–
HUBG	New	HUB GROUP INC CL A	$12,506,000	–	297,905	–	1.04%	–
PBH	New	PRESTIGE CONSMR HEALTHCARE INC	$11,744,000	–	370,719	–	0.98%	–
WPX	New	WPX ENERGY INC COM	$11,410,000	–	991,336	–	0.95%	–
HWC	New	HANCOCK WHITNEY CORPORATION CO	$11,235,000	–	280,447	–	0.93%	–
TALO	New	TALOS ENERGY INC COM	$11,150,000	–	463,619	–	0.93%	–
KMT	New	KENNAMETAL INC COM	$10,791,000	–	291,732	–	0.90%	–
GHL	New	GREENHILL & CO INC COM	$10,433,000	–	767,728	–	0.87%	–
THS	New	TREEHOUSE FOODS INC COM	$10,239,000	–	189,264	–	0.85%	–
ENSG	New	ENSIGN GROUP INC COM	$10,240,000	–	179,896	–	0.85%	–
MTH	New	MERITAGE HOMES CORP COM	$9,919,000	–	193,210	–	0.82%	–
RDN	New	RADIAN GROUP INC COM	$9,898,000	–	433,167	–	0.82%	–
FLOW	New	SPX FLOW INC COM	$9,802,000	–	234,151	–	0.81%	–
CJ	New	C&J ENERGY SVCS INC NEW COM	$9,008,000	–	764,697	–	0.75%	–
SNBR	New	SLEEP NUMBER CORP COM	$8,932,000	–	221,145	–	0.74%	–
PRU	New	PRUDENTIAL FINL INC COM	$8,853,000	–	87,650	–	0.74%	–
CAL	New	CALERES INC COM	$8,678,000	–	435,624	–	0.72%	–
URBN	New	URBAN OUTFITTERS INC COM	$8,565,000	–	376,466	–	0.71%	–
ALL	New	ALLSTATE CORP COM	$8,297,000	–	81,594	–	0.69%	–
FN	New	FABRINET SHS	$8,258,000	–	166,255	–	0.69%	–
FHB	New	FIRST HAWAIIAN INC COM	$8,228,000	–	318,034	–	0.68%	–
STRL	New	STERLING CONSTRUCTION CO INC C	$8,208,000	–	611,588	–	0.68%	–
FBM	New	FOUNDATION BLDG MATLS INC COM	$8,125,000	–	456,999	–	0.68%	–
KRG	New	KITE RLTY GROUP TR COM NEW	$7,986,000	–	527,801	–	0.66%	–
STAR	New	ISTAR INC COM	$7,913,000	–	637,087	–	0.66%	–
WSBC	New	WESBANCO INC COM	$7,860,000	–	203,896	–	0.65%	–
TTMI	New	TTM TECHNOLOGIES INC COM	$7,803,000	–	765,008	–	0.65%	–
VZ	New	VERIZON COMMUNICATIONS INC COM	$7,747,000	–	135,601	–	0.64%	–
CSCO	New	CISCO SYS INC COM	$7,705,000	–	140,783	–	0.64%	–
COP	New	CONOCOPHILLIPS COM	$6,575,000	–	107,793	–	0.55%	–
CFG	New	CITIZENS FINL GROUP INC COM	$6,426,000	–	181,722	–	0.53%	–
CTT	New	CATCHMARK TIMBER TR INC CL A	$6,394,000	–	611,823	–	0.53%	–
WLH	New	LYON WILLIAM HOMES CL A NEW	$5,965,000	–	327,203	–	0.50%	–
TRNS	New	TRANSCAT INC COM	$5,924,000	–	231,515	–	0.49%	–
DCO	New	DUCOMMUN INC DEL COM	$5,889,000	–	130,657	–	0.49%	–
BBBY	New	BED BATH & BEYOND INC COM	$5,592,000	–	481,212	–	0.46%	–
ARKR	New	ARK RESTAURANTS CORP COM	$5,493,000	–	268,588	–	0.46%	–
HUN	New	HUNTSMAN CORP COM	$5,451,000	–	266,670	–	0.45%	–
ONB	New	OLD NATL BANCORP IND COM	$5,371,000	–	323,761	–	0.45%	–
CIO	New	CITY OFFICE REIT INC COM	$5,354,000	–	446,547	–	0.44%	–
IRT	New	INDEPENDENCE RLTY TR INC COM	$5,227,000	–	451,765	–	0.43%	–
EIG	New	EMPLOYERS HOLDINGS INC COM	$5,152,000	–	121,888	–	0.43%	–
SP	New	SP PLUS CORP COM	$5,126,000	–	160,535	–	0.43%	–
FCBC	New	FIRST CMNTY BANKSHARES INC NEV	$4,886,000	–	144,719	–	0.41%	–
CBZ	New	CBIZ INC COM	$4,876,000	–	248,907	–	0.40%	–
MRTN	New	MARTEN TRANS LTD COM	$4,859,000	–	267,700	–	0.40%	–
EMCI	New	EMC INS GROUP INC COM	$4,856,000	–	134,781	–	0.40%	–
UTL	New	UNITIL CORP COM	$4,833,000	–	80,690	–	0.40%	–
MCFT	New	MASTERCRAFT BOAT HLDGS INC COM	$4,824,000	–	246,257	–	0.40%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP INC	$4,700,000	–	544,619	–	0.39%	–
USLM	New	UNITED STATES LIME & MINERALS	$4,636,000	–	57,955	–	0.38%	–
FSTR	New	FOSTER L B CO COM	$4,592,000	–	167,973	–	0.38%	–
MCS	New	MARCUS CORP COM	$4,552,000	–	138,118	–	0.38%	–
RCKY	New	ROCKY BRANDS INC COM	$4,526,000	–	165,901	–	0.38%	–
KLIC	New	KULICKE & SOFFA INDS INC COM	$4,511,000	–	200,054	–	0.38%	–
RTEC	New	RUDOLPH TECHNOLOGIES INC COM	$4,244,000	–	153,602	–	0.35%	–
PLPC	New	PREFORMED LINE PRODS CO COM	$4,139,000	–	74,546	–	0.34%	–
RGCO	New	RGC RES INC COM	$4,036,000	–	132,250	–	0.34%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$3,861,000	–	180,921	–	0.32%	–
NR	New	NEWPARK RES INC COM PAR $.01NE	$3,789,000	–	510,698	–	0.32%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$3,750,000	–	285,147	–	0.31%	–
CATO	New	CATO CORP NEW CL A	$3,666,000	–	297,578	–	0.30%	–
CVCY	New	CENTRAL VALLEY CMNTY BANCORP C	$3,574,000	–	166,448	–	0.30%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$3,550,000	–	114,874	–	0.30%	–
CBPX	New	CONTINENTAL BLDG PRODS INC COM	$3,552,000	–	133,681	–	0.30%	–
SPLPPRA	New	STEEL PARTNERS HLDGS L P PFD S	$3,489,000	–	166,040	–	0.29%	–
VRA	New	VERA BRADLEY INC COM	$3,446,000	–	287,186	–	0.29%	–
ARTNA	New	ARTESIAN RESOURCES CORP CL A	$3,428,000	–	92,228	–	0.28%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$3,319,000	–	85,266	–	0.28%	–
FBNC	New	FIRST BANCORP N C COM	$3,252,000	–	89,294	–	0.27%	–
HTBI	New	HOMETRUST BANCSHARES INC COM	$3,203,000	–	127,400	–	0.27%	–
HURC	New	HURCO COMPANIES INC COM	$3,114,000	–	87,558	–	0.26%	–
NRIM	New	NORTHRIM BANCORP INC COM	$3,100,000	–	86,920	–	0.26%	–
BCEI	New	BONANZA CREEK ENERGY INC COM N	$3,103,000	–	148,622	–	0.26%	–
EGOV	New	NIC INC COM	$3,071,000	–	191,444	–	0.26%	–
MTSC	New	MTS SYS CORP COM	$3,021,000	–	51,615	–	0.25%	–
HNGR	New	HANGER INC COM NEW	$3,013,000	–	157,349	–	0.25%	–
KE	New	KIMBALL ELECTRONICS INC COM	$2,969,000	–	182,829	–	0.25%	–
PMBC	New	PACIFIC MERCANTILE BANCORP COM	$2,962,000	–	359,009	–	0.25%	–
CVGI	New	COMMERCIAL VEH GROUP INC COM	$2,944,000	–	367,078	–	0.24%	–
BAX	New	BAXTER INTL INC COM	$2,820,000	–	34,434	–	0.23%	–
IPHS	New	INNOPHOS HOLDINGS INC COM	$2,793,000	–	95,937	–	0.23%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$2,751,000	–	46,768	–	0.23%	–
WNEB	New	WESTERN NEW ENG BANCORP INC CO	$2,675,000	–	286,425	–	0.22%	–
SNN	New	SMITH & NEPHEW PLC SPDN ADR NE	$2,570,000	–	59,023	–	0.21%	–
ABT	New	ABBOTT LABS COM	$2,510,000	–	29,848	–	0.21%	–
CCBG	New	CAPITAL CITY BK GROUP INC COM	$2,398,000	–	96,513	–	0.20%	–
BFIN	New	BANKFINANCIAL CORP COM	$2,318,000	–	165,664	–	0.19%	–
HBIO	New	HARVARD BIOSCIENCE INC COM	$2,311,000	–	1,155,376	–	0.19%	–
PTEN	New	PATTERSON UTI ENERGY INC COM	$2,149,000	–	186,735	–	0.18%	–
BERY	New	BERRY GLOBAL GROUP INC COM	$2,099,000	–	39,916	–	0.17%	–
AGCO	New	AGCO CORP COM	$2,035,000	–	26,230	–	0.17%	–
ADI	New	ANALOG DEVICES INC COM	$1,977,000	–	17,517	–	0.16%	–
RBC	New	REGAL BELOIT CORP COM	$1,967,000	–	24,070	–	0.16%	–
JPM	New	JPMORGAN CHASE & CO COM	$1,857,000	–	16,611	–	0.15%	–
KSS	New	KOHLS CORP COM	$1,707,000	–	35,903	–	0.14%	–
MRO	New	MARATHON OIL CORP COM	$1,695,000	–	119,296	–	0.14%	–
TROW	New	PRICE T ROWE GROUP INC COM	$1,551,000	–	14,140	–	0.13%	–
PG	New	PROCTER & GAMBLE CO COM	$1,536,000	–	14,004	–	0.13%	–
SPLP	New	STEEL PARTNERS HLDGS L P LTD P	$1,501,000	–	107,242	–	0.12%	–
HHC	New	HOWARD HUGHES CORP COM	$1,486,000	–	11,997	–	0.12%	–
	New	TORCHMARK CORP	$1,472,000	–	16,455	–	0.12%	–
AB	New	ALLIANCEBERNSTEIN HOLDING LP U	$1,454,000	–	48,907	–	0.12%	–
XEL	New	XCEL ENERGY INC COM	$1,460,000	–	24,540	–	0.12%	–
CIT	New	CIT GROUP INC COM NEW	$1,417,000	–	26,962	–	0.12%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$1,423,000	–	126,578	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$1,340,000	–	10,290	–	0.11%	–
FTAI	New	FORTRESS TRANS INFRST INVS LLC	$1,311,000	–	86,826	–	0.11%	–
PGR	New	PROGRESSIVE CORP OHIO COM	$1,278,000	–	15,992	–	0.11%	–
EHC	New	ENCOMPASS HEALTH CORP COM	$1,247,000	–	19,686	–	0.10%	–
CSX	New	CSX CORP COM	$1,175,000	–	15,182	–	0.10%	–
PNC	New	PNC FINL SVCS GROUP INC COM	$1,156,000	–	8,424	–	0.10%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,130,000	–	20,973	–	0.09%	–
EXPE	New	EXPEDIA GROUP INC COM NEW	$1,133,000	–	8,519	–	0.09%	–
MAS	New	MASCO CORP COM	$1,104,000	–	28,128	–	0.09%	–
LPT	New	LIBERTY PPTY TR SH BEN INT	$991,000	–	19,800	–	0.08%	–
RF	New	REGIONS FINL CORP NEW COM	$984,000	–	65,883	–	0.08%	–
JBHT	New	HUNT J B TRANS SVCS INC COM	$976,000	–	10,675	–	0.08%	–
AKAM	New	AKAMAI TECHNOLOGIES INC COM	$968,000	–	12,079	–	0.08%	–
EMN	New	EASTMAN CHEMICAL CO COM	$901,000	–	11,572	–	0.08%	–
COG	New	CABOT OIL & GAS CORP COM	$849,000	–	36,958	–	0.07%	–
DBI	New	DESIGNER BRANDS INC CL A	$747,000	–	38,990	–	0.06%	–

Q4 2018

			Value		Shares		↓ Weighting
CMT	Exit	CORE MOLDING TECHNOLOGIES INC	$0	–	-19,322	–	-0.01%	–
RLJ	Exit	RLJ LODGING TR COM	$0	–	-9,407	–	-0.01%	–
ED	Exit	CONSOLIDATED EDISON INC COM	$0	–	-3,260	–	-0.01%	–
PHM	Exit	PULTE GROUP INC COM	$0	–	-10,482	–	-0.01%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO C	$0	–	-3,055	–	-0.01%	–
BRX	Exit	BRIXMOR PPTY GROUP INC COM	$0	–	-16,390	–	-0.01%	–
PNM	Exit	PNM RES INC COM	$0	–	-7,616	–	-0.02%	–
CNK	Exit	CINEMARK HOLDINGS INC COM	$0	–	-8,103	–	-0.02%	–
LNC	Exit	LINCOLN NATL CORP IND COM	$0	–	-5,438	–	-0.02%	–
JBHT	Exit	HUNT J B TRANS SVCS INC COM	$0	–	-3,093	–	-0.02%	–
CW	Exit	CURTISS WRIGHT CORP COM	$0	–	-2,771	–	-0.02%	–
HSY	Exit	HERSHEY CO COM	$0	–	-3,655	–	-0.02%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-3,990	–	-0.02%	–
NTRS	Exit	NORTHERN TR CORP COM	$0	–	-3,824	–	-0.02%	–
GPK	Exit	GRAPHIC PACKAGING HLDG CO COM	$0	–	-31,059	–	-0.02%	–
ERF	Exit	ENERPLUS CORP COM	$0	–	-92,719	–	-0.06%	–
COBZ	Exit	COBIZ FINANCIAL INC COM	$0	–	-56,617	–	-0.06%	–
FTAI	Exit	FORTRESS TRANS INFRST INVS LLC	$0	–	-80,642	–	-0.07%	–
CVCY	Exit	CENTRAL VALLEY CMNTY BANCORP C	$0	–	-73,039	–	-0.08%	–
KMT	Exit	KENNAMETAL INC COM	$0	–	-37,611	–	-0.08%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LP U	$0	–	-54,230	–	-0.08%	–
CFG	Exit	CITIZENS FINL GROUP INC COM	$0	–	-42,902	–	-0.08%	–
SPLP	Exit	STEEL PARTNERS HLDGS L P LTD P	$0	–	-118,923	–	-0.10%	–
CVGI	Exit	COMMERCIAL VEH GROUP INC COM	$0	–	-240,810	–	-0.11%	–
CCBG	Exit	CAPITAL CITY BK GROUP INC COM	$0	–	-96,351	–	-0.11%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-205,313	–	-0.12%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-166,016	–	-0.13%	–
ZAGG	Exit	ZAGG INC COM	$0	–	-189,847	–	-0.14%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-236,928	–	-0.14%	–
MOV	Exit	MOVADO GROUP INC COM	$0	–	-73,991	–	-0.16%	–
WNEB	Exit	WESTERN NEW ENG BANCORP INC CO	$0	–	-286,991	–	-0.16%	–
SD	Exit	SANDRIDGE ENERGY INC COM NEW	$0	–	-294,032	–	-0.16%	–
TBNK	Exit	TERRITORIAL BANCORP INC COM	$0	–	-113,916	–	-0.17%	–
ARTNA	Exit	ARTESIAN RESOURCES CORP CL A	$0	–	-92,440	–	-0.17%	–
SSB	Exit	SOUTH ST CORP COM	$0	–	-42,169	–	-0.17%	–
RTEC	Exit	RUDOLPH TECHNOLOGIES INC COM	$0	–	-143,166	–	-0.18%	–
RGCO	Exit	RGC RES INC COM	$0	–	-132,737	–	-0.18%	–
KE	Exit	KIMBALL ELECTRONICS INC COM	$0	–	-182,574	–	-0.18%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-87,307	–	-0.18%	–
FBNC	Exit	FIRST BANCORP N C COM	$0	–	-89,518	–	-0.18%	–
NP	Exit	NEENAH INC COM	$0	–	-42,138	–	-0.18%	–
HTBI	Exit	HOMETRUST BANCSHARES INC COM	$0	–	-127,018	–	-0.18%	–
HHC	Exit	HOWARD HUGHES CORP COM	$0	–	-30,461	–	-0.19%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-85,120	–	-0.19%	–
CPSI	Exit	COMPUTER PROGRAMS & SYS INC CO	$0	–	-144,072	–	-0.19%	–
RCKY	Exit	ROCKY BRANDS INC COM	$0	–	-145,289	–	-0.21%	–
UTL	Exit	UNITIL CORP COM	$0	–	-80,988	–	-0.21%	–
IPHS	Exit	INNOPHOS HOLDINGS INC COM	$0	–	-95,097	–	-0.21%	–
CVCO	Exit	CAVCO INDS INC DEL COM	$0	–	-17,142	–	-0.22%	–
USLM	Exit	UNITED STATES LIME & MINERALS	$0	–	-55,202	–	-0.22%	–
HURC	Exit	HURCO COMPANIES INC COM	$0	–	-97,828	–	-0.22%	–
STAR	Exit	ISTAR INC COM	$0	–	-400,255	–	-0.22%	–
IRT	Exit	INDEPENDENCE RLTY TR INC COM	$0	–	-427,646	–	-0.22%	–
WLH	Exit	LYON WILLIAM HOMES CL A NEW	$0	–	-298,234	–	-0.24%	–
FCBC	Exit	FIRST CMNTY BANCSHARES INC NEV	$0	–	-145,180	–	-0.25%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-201,470	–	-0.25%	–
KLIC	Exit	KULICKE & SOFFA INDS INC COM	$0	–	-209,576	–	-0.25%	–
RDNT	Exit	RADNET INC COM	$0	–	-333,952	–	-0.25%	–
CTT	Exit	CATCHMARK TIMBER TR INC CL A	$0	–	-443,545	–	-0.25%	–
SPLPPRA	Exit	STEEL PARTNERS HLDGS L P PFD S	$0	–	-230,159	–	-0.26%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-231,106	–	-0.26%	–
DCO	Exit	DUCOMMUN INC DEL COM	$0	–	-131,186	–	-0.27%	–
PLPC	Exit	PREFORMED LINE PRODS CO COM	$0	–	-77,458	–	-0.27%	–
EIG	Exit	EMPLOYERS HOLDINGS INC COM	$0	–	-120,791	–	-0.27%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-267,681	–	-0.28%	–
FLY	Exit	FLY LEASING LTD SPONSORED ADR	$0	–	-405,883	–	-0.29%	–
SP	Exit	SP PLUS CORP COM	$0	–	-158,951	–	-0.29%	–
PVAC	Exit	PENN VA CORP NEW COM	$0	–	-72,403	–	-0.29%	–
CBZ	Exit	CBIZ INC COM	$0	–	-247,900	–	-0.29%	–
NR	Exit	NEWPARK RES INC COM PAR $.01NE	$0	–	-570,710	–	-0.30%	–
MCS	Exit	MARCUS CORP COM	$0	–	-142,995	–	-0.30%	–
STRL	Exit	STERLING CONSTRUCTION CO INC C	$0	–	-434,765	–	-0.31%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-268,307	–	-0.31%	–
FBM	Exit	FOUNDATION BLDG MATLS INC COM	$0	–	-508,799	–	-0.32%	–
CIO	Exit	CITY OFFICE REIT INC COM	$0	–	-511,305	–	-0.32%	–
GTN	Exit	GRAY TELEVISION INC COM	$0	–	-379,843	–	-0.33%	–
LPT	Exit	LIBERTY PPTY TR SH BEN INT	$0	–	-159,334	–	-0.34%	–
MCFT	Exit	MCBC HLDGS INC COM	$0	–	-227,438	–	-0.41%	–
BKD	Exit	BROOKDALE SR LIVING INC COM	$0	–	-834,231	–	-0.41%	–
EXP	Exit	EAGLE MATERIALS INC COM	$0	–	-96,152	–	-0.41%	–
MAS	Exit	MASCO CORP COM	$0	–	-228,106	–	-0.42%	–
MU	Exit	MICRON TECHNOLOGY INC COM	$0	–	-189,979	–	-0.43%	–
SJM	Exit	SMUCKER J M CO COM NEW	$0	–	-83,933	–	-0.43%	–
NOV	Exit	NATIONAL OILWELL VARCO INC COM	$0	–	-203,647	–	-0.44%	–
PFG	Exit	PRINCIPAL FINL GROUP INC COM	$0	–	-161,802	–	-0.47%	–
GPS	Exit	GAP INC DEL COM	$0	–	-331,110	–	-0.48%	–
PNC	Exit	PNC FINL SVCS GROUP INC COM	$0	–	-70,729	–	-0.48%	–
XEL	Exit	XCEL ENERGY INC COM	$0	–	-204,935	–	-0.48%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-185,512	–	-0.49%	–
KSS	Exit	KOHLS CORP COM	$0	–	-134,885	–	-0.50%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-551,610	–	-0.51%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-73,378	–	-0.51%	–
COG	Exit	CABOT OIL & GAS CORP COM	$0	–	-467,051	–	-0.53%	–
RBC	Exit	REGAL BELOIT CORP COM	$0	–	-128,188	–	-0.53%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-210,008	–	-0.54%	–
STI	Exit	SUNTRUST BKS INC COM	$0	–	-163,386	–	-0.54%	–
PG	Exit	PROCTER AND GAMBLE CO COM	$0	–	-131,507	–	-0.55%	–
CSX	Exit	CSX CORP COM	$0	–	-149,069	–	-0.55%	–
AGCO	Exit	AGCO CORP COM	$0	–	-189,435	–	-0.58%	–
KRG	Exit	KITE RLTY GROUP TR COM NEW	$0	–	-732,393	–	-0.61%	–
SU	Exit	SUNCOR ENERGY INC NEW COM	$0	–	-323,284	–	-0.62%	–
MRO	Exit	MARATHON OIL CORP COM	$0	–	-547,340	–	-0.64%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-287,764	–	-0.64%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-139,060	–	-0.64%	–
FFG	Exit	FBL FINL GROUP INC CL A	$0	–	-172,285	–	-0.65%	–
UNFI	Exit	UNITED NAT FOODS INC COM	$0	–	-436,992	–	-0.65%	–
SNN	Exit	SMITH & NEPHEW PLC SPDN ADR NE	$0	–	-354,842	–	-0.66%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-459,661	–	-0.67%	–
CNX	Exit	CNX RESOURCES CORPORATION COM	$0	–	-998,608	–	-0.71%	–
IVC	Exit	INVACARE CORP COM	$0	–	-1,055,190	–	-0.77%	–
CHS	Exit	CHICOS FAS INC COM	$0	–	-1,809,370	–	-0.78%	–
RMBS	Exit	RAMBUS INC DEL COM	$0	–	-1,487,747	–	-0.81%	–
ACCO	Exit	ACCO BRANDS CORP COM	$0	–	-1,442,605	–	-0.82%	–
DRQ	Exit	DRIL-QUIP INC COM	$0	–	-322,555	–	-0.84%	–
PBH	Exit	PRESTIGE CONSMR HEALTHCARE INC	$0	–	-444,741	–	-0.84%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-231,159	–	-0.85%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-151,809	–	-0.86%	–
EMN	Exit	EASTMAN CHEM CO COM	$0	–	-191,461	–	-0.92%	–
ATKR	Exit	ATKORE INTL GROUP INC COM	$0	–	-691,436	–	-0.92%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-964,281	–	-0.93%	–
HWC	Exit	HANCOCK WHITNEY CORPORATION CO	$0	–	-396,284	–	-0.94%	–
BRSS	Exit	GLOBAL BRASS & COPPR HLDGS INC	$0	–	-515,819	–	-0.95%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-394,547	–	-0.96%	–
WAFD	Exit	WASHINGTON FED INC COM	$0	–	-599,447	–	-0.96%	–
CJ	Exit	C&J ENERGY SVCS INC NEW COM	$0	–	-926,984	–	-0.96%	–
CNO	Exit	CNO FINL GROUP INC COM	$0	–	-925,408	–	-0.98%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-199,178	–	-1.01%	–
LHCG	Exit	LHC GROUP INC COM	$0	–	-197,520	–	-1.02%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-206,460	–	-1.02%	–
NWE	Exit	NORTHWESTERN CORP COM NEW	$0	–	-353,496	–	-1.04%	–
VZ	Exit	VERIZON COMMUNICATIONS INC COM	$0	–	-397,554	–	-1.06%	–
FULT	Exit	FULTON FINL CORP PA COM	$0	–	-1,279,910	–	-1.06%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-467,673	–	-1.07%	–
HMN	Exit	HORACE MANN EDUCATORS CORP NEW	$0	–	-483,120	–	-1.08%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-200,625	–	-1.09%	–
CAL	Exit	CALERES INC COM	$0	–	-622,567	–	-1.12%	–
CIEN	Exit	CIENA CORP COM NEW	$0	–	-719,316	–	-1.12%	–
TTMI	Exit	TTM TECHNOLOGIES INC COM	$0	–	-1,416,321	–	-1.13%	–
CABO	Exit	CABLE ONE INC COM	$0	–	-25,584	–	-1.13%	–
SERV	Exit	SERVICEMASTER GLOBAL HLDGS INC	$0	–	-372,228	–	-1.15%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-1,158,441	–	-1.16%	–
EHC	Exit	ENCOMPASS HEALTH CORP COM	$0	–	-301,858	–	-1.18%	–
ASGN	Exit	ASGN INC COM	$0	–	-299,041	–	-1.18%	–
FHN	Exit	FIRST HORIZON NATL CORP COM	$0	–	-1,370,902	–	-1.18%	–
ROCK	Exit	GIBRALTAR INDS INC COM	$0	–	-519,529	–	-1.18%	–
PWR	Exit	QUANTA SVCS INC COM	$0	–	-713,030	–	-1.19%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-971,229	–	-1.19%	–
GHL	Exit	GREENHILL & CO INC COM	$0	–	-909,514	–	-1.20%	–
SNBR	Exit	SLEEP NUMBER CORP COM	$0	–	-651,931	–	-1.20%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-945,067	–	-1.23%	–
TER	Exit	TERADYNE INC COM	$0	–	-665,171	–	-1.23%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-1,201,017	–	-1.24%	–
POL	Exit	POLYONE CORP COM	$0	–	-571,000	–	-1.25%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC COM	$0	–	-690,875	–	-1.30%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-2,968,338	–	-1.32%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-1,243,033	–	-1.34%	–
EE	Exit	EL PASO ELEC CO COM NEW	$0	–	-469,611	–	-1.34%	–
CTBI	Exit	COMMUNITY TR BANCORP INC COM	$0	–	-591,538	–	-1.37%	–
HT	Exit	HERSHA HOSPITALITY TR PR SHS B	$0	–	-1,260,880	–	-1.43%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-1,859,129	–	-1.46%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-751,619	–	-1.48%	–
FWRD	Exit	FORWARD AIR CORP COM	$0	–	-433,523	–	-1.55%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-1,274,996	–	-1.58%	–
MOGA	Exit	MOOG INC CL A	$0	–	-381,580	–	-1.64%	–
OEC	Exit	ORION ENGINEERED CARBONS S A C	$0	–	-1,133,338	–	-1.82%	–
NXST	Exit	NEXSTAR MEDIA GROUP INC CL A	$0	–	-491,611	–	-2.00%	–
GBX	Exit	GREENBRIER COS INC COM	$0	–	-714,564	–	-2.15%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTNS	$0	–	-3,248,685	–	-2.31%	–

Q3 2018

			Value		Shares		↓ Weighting
MDRX	Buy	ALLSCRIPTS HEALTHCARE SOLUTNS	$46,294,000	+21.5%	3,248,685	+2.3%	2.31%	+18.5%
GBX	Buy	GREENBRIER COS INC COM	$42,945,000	+17.5%	714,564	+3.1%	2.15%	+14.5%
NXST	Buy	NEXSTAR MEDIA GROUP INC CL A	$40,017,000	+47.5%	491,611	+33.0%	2.00%	+43.8%
OEC	Buy	ORION ENGINEERED CARBONS S A C	$36,380,000	+9.0%	1,133,338	+4.7%	1.82%	+6.2%
MOGA	Buy	MOOG INC CL A	$32,804,000	+17.3%	381,580	+6.4%	1.64%	+14.3%
AEO	Sell	AMERICAN EAGLE OUTFITTERS NEW	$31,658,000	+0.2%	1,274,996	-6.2%	1.58%	-2.3%
FWRD	Buy	FORWARD AIR CORP COM	$31,084,000	+45.4%	433,523	+19.8%	1.55%	+41.7%
SASR	Buy	SANDY SPRING BANCORP INC COM	$29,546,000	+0.8%	751,619	+5.1%	1.48%	-1.7%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$29,226,000	-0.7%	1,859,129	+6.6%	1.46%	-3.2%
HT	Buy	HERSHA HOSPITALITY TR PR SHS B	$28,584,000	+11.8%	1,260,880	+5.8%	1.43%	+9.1%
CTBI	Buy	COMMUNITY TR BANCORP INC COM	$27,418,000	-1.9%	591,538	+5.7%	1.37%	-4.4%
EE	Buy	EL PASO ELEC CO COM NEW	$26,862,000	+3.4%	469,611	+6.8%	1.34%	+0.8%
KW	Sell	KENNEDY-WILSON HLDGS INC COM	$26,725,000	-19.3%	1,243,033	-20.6%	1.34%	-21.3%
CUZ	Buy	COUSINS PPTYS INC COM	$26,389,000	-2.3%	2,968,338	+6.5%	1.32%	-4.7%
CBPX	Sell	CONTINENTAL BLDG PRODS INC COM	$25,942,000	-1.3%	690,875	-17.0%	1.30%	-3.8%
POL	Buy	POLYONE CORP COM	$24,964,000	+7.7%	571,000	+6.5%	1.25%	+5.0%
RDN	Buy	RADIAN GROUP INC COM	$24,825,000	+35.1%	1,201,017	+6.0%	1.24%	+31.7%
TER	Buy	TERADYNE INC COM	$24,598,000	+3.1%	665,171	+6.1%	1.23%	+0.5%
ASB	Buy	ASSOCIATED BANC CORP COM	$24,572,000	+1.4%	945,067	+6.5%	1.23%	-1.1%
SNBR	Buy	SLEEP NUMBER CORP COM	$23,978,000	+35.2%	651,931	+6.7%	1.20%	+31.8%
GHL	Sell	GREENHILL & CO INC COM	$23,966,000	-21.9%	909,514	-15.8%	1.20%	-23.8%
PFS	Buy	PROVIDENT FINL SVCS INC COM	$23,844,000	+2.4%	971,229	+14.8%	1.19%	-0.2%
PWR	Sell	QUANTA SVCS INC COM	$23,801,000	-24.3%	713,030	-24.2%	1.19%	-26.2%
ROCK	Buy	GIBRALTAR INDS INC COM	$23,691,000	+29.4%	519,529	+6.4%	1.18%	+26.1%
FHN	Buy	FIRST HORIZON NATL CORP COM	$23,662,000	+25.4%	1,370,902	+29.6%	1.18%	+22.2%
ASGN	Buy	ASGN INC COM	$23,603,000	+7.5%	299,041	+6.5%	1.18%	+4.9%
EHC	Sell	ENCOMPASS HEALTH CORP COM	$23,530,000	-4.4%	301,858	-16.9%	1.18%	-6.8%
WPX	Sell	WPX ENERGY INC COM	$23,308,000	+3.2%	1,158,441	-7.5%	1.16%	+0.6%
SERV	Buy	SERVICEMASTER GLOBAL HLDGS INC	$23,089,000	+11.1%	372,228	+6.5%	1.15%	+8.4%
CABO	Buy	CABLE ONE INC COM	$22,606,000	+28.5%	25,584	+6.6%	1.13%	+25.3%
TTMI	Buy	TTM TECHNOLOGIES INC COM	$22,534,000	-4.2%	1,416,321	+6.2%	1.13%	-6.6%
CIEN	Buy	CIENA CORP COM NEW	$22,471,000	+25.6%	719,316	+6.6%	1.12%	+22.5%
CAL	Buy	CALERES INC COM	$22,325,000	+17.8%	622,567	+12.9%	1.12%	+14.8%
KALU	Buy	KAISER ALUMINUM CORP COM PAR $	$21,880,000	+12.2%	200,625	+7.1%	1.09%	+9.3%
HMN	Buy	HORACE MANN EDUCATORS CORP NEW	$21,692,000	+7.3%	483,120	+6.6%	1.08%	+4.5%
POR	Buy	PORTLAND GEN ELEC CO COM NEW	$21,331,000	+13.4%	467,673	+6.3%	1.07%	+10.6%
FULT	Buy	FULTON FINL CORP PA COM	$21,311,000	+7.6%	1,279,910	+6.6%	1.06%	+4.8%
VZ	Sell	VERIZON COMMUNICATIONS INC COM	$21,225,000	+1.6%	397,554	-4.2%	1.06%	-0.9%
NWE	Buy	NORTHWESTERN CORP COM NEW	$20,736,000	+8.7%	353,496	+6.1%	1.04%	+5.9%
ALL	Buy	ALLSTATE CORP COM	$20,378,000	+75.9%	206,460	+62.6%	1.02%	+71.4%
LHCG	Sell	LHC GROUP INC COM	$20,343,000	-40.1%	197,520	-50.2%	1.02%	-41.6%
PRU	Buy	PRUDENTIAL FINL INC COM	$20,181,000	+12.0%	199,178	+3.4%	1.01%	+9.2%
CNO	Buy	CNO FINL GROUP INC COM	$19,637,000	+18.8%	925,408	+6.6%	0.98%	+15.8%
CJ	Buy	C&J ENERGY SVCS INC NEW COM	$19,281,000	+3.4%	926,984	+17.3%	0.96%	+0.8%
CSCO	Sell	CISCO SYS INC COM	$19,195,000	+12.9%	394,547	-0.1%	0.96%	+10.1%
WAFD	Buy	WASHINGTON FED INC COM	$19,182,000	+20.2%	599,447	+22.8%	0.96%	+17.2%
BRSS	Buy	GLOBAL BRASS & COPPR HLDGS INC	$19,034,000	+19.9%	515,819	+1.9%	0.95%	+16.8%
HWC	Buy	HANCOCK WHITNEY CORPORATION CO	$18,843,000	+8.4%	396,284	+6.5%	0.94%	+5.7%
ONB	Sell	OLD NATL BANCORP IND COM	$18,611,000	+1.1%	964,281	-2.6%	0.93%	-1.5%
ATKR	Sell	ATKORE INTL GROUP INC COM	$18,344,000	+19.2%	691,436	-6.7%	0.92%	+16.2%
EMN	Buy	EASTMAN CHEM CO COM	$18,327,000	-1.6%	191,461	+2.7%	0.92%	-4.1%
JPM	Sell	JPMORGAN CHASE & CO COM	$17,130,000	+0.5%	151,809	-7.2%	0.86%	-2.1%
ABT	Sell	ABBOTT LABS COM	$16,958,000	+12.3%	231,159	-6.7%	0.85%	+9.4%
PBH	New	PRESTIGE CONSMR HEALTHCARE INC	$16,851,000	–	444,741	–	0.84%	–
DRQ	Sell	DRIL-QUIP INC COM	$16,853,000	-28.0%	322,555	-29.1%	0.84%	-29.8%
ACCO	Buy	ACCO BRANDS CORP COM	$16,301,000	+440.3%	1,442,605	+562.2%	0.82%	+425.8%
RMBS	Buy	RAMBUS INC DEL COM	$16,231,000	-7.4%	1,487,747	+6.4%	0.81%	-9.8%
CHS	Sell	CHICOS FAS INC COM	$15,687,000	-2.5%	1,809,370	-8.4%	0.78%	-5.0%
IVC	Buy	INVACARE CORP COM	$15,353,000	+0.9%	1,055,190	+29.0%	0.77%	-1.7%
CNX	Sell	CNX RESOURCES CORPORATION COM	$14,290,000	-28.7%	998,608	-11.4%	0.71%	-30.5%
MLI	Sell	MUELLER INDS INC COM	$13,321,000	-4.0%	459,661	-2.2%	0.67%	-6.3%
SNN	Sell	SMITH & NEPHEW PLC SPDN ADR NE	$13,161,000	-8.3%	354,842	-7.3%	0.66%	-10.6%
UNFI	Buy	UNITED NAT FOODS INC COM	$13,088,000	-25.0%	436,992	+6.8%	0.65%	-26.9%
FFG	Buy	FBL FINL GROUP INC CL A	$12,964,000	+25.0%	172,285	+30.8%	0.65%	+21.8%
ADI	Sell	ANALOG DEVICES INC COM	$12,857,000	-9.9%	139,060	-6.5%	0.64%	-12.0%
WSBC	Buy	WESBANCO INC COM	$12,829,000	+5.7%	287,764	+6.8%	0.64%	+3.1%
MRO	Buy	MARATHON OIL CORP COM	$12,742,000	+23.6%	547,340	+10.7%	0.64%	+20.4%
SU	Sell	SUNCOR ENERGY INC NEW COM	$12,508,000	-11.6%	323,284	-7.0%	0.62%	-13.8%
KRG	Sell	KITE RLTY GROUP TR COM NEW	$12,194,000	-16.5%	732,393	-14.3%	0.61%	-18.6%
AGCO	Buy	AGCO CORP COM	$11,516,000	+12.0%	189,435	+11.8%	0.58%	+9.3%
CSX	New	CSX CORP COM	$11,039,000	–	149,069	–	0.55%	–
PG	Sell	PROCTER AND GAMBLE CO COM	$10,945,000	-0.7%	131,507	-6.9%	0.55%	-3.2%
STI	Sell	SUNTRUST BKS INC COM	$10,913,000	-6.2%	163,386	-7.3%	0.54%	-8.6%
CIT	Sell	CIT GROUP INC COM NEW	$10,839,000	-5.0%	210,008	-7.2%	0.54%	-7.4%
RBC	Sell	REGAL BELOIT CORP COM	$10,569,000	-12.0%	128,188	-12.7%	0.53%	-14.3%
COG	Buy	CABOT OIL & GAS CORP COM	$10,518,000	-4.3%	467,051	+1.1%	0.53%	-6.7%
UTX	Sell	UNITED TECHNOLOGIES CORP COM	$10,259,000	+3.9%	73,378	-7.0%	0.51%	+1.4%
RF	Sell	REGIONS FINL CORP NEW COM	$10,122,000	-4.2%	551,610	-7.2%	0.51%	-6.6%
KSS	Sell	KOHLS CORP COM	$10,056,000	-26.1%	134,885	-27.7%	0.50%	-27.9%
PEG	Sell	PUBLIC SVC ENTERPRISE GROUP CO	$9,793,000	-8.5%	185,512	-6.2%	0.49%	-10.9%
XEL	Sell	XCEL ENERGY INC COM	$9,675,000	-4.1%	204,935	-7.3%	0.48%	-6.6%
PNC	Sell	PNC FINL SVCS GROUP INC COM	$9,633,000	-6.4%	70,729	-7.2%	0.48%	-8.9%
GPS	Buy	GAP INC DEL COM	$9,553,000	+12.4%	331,110	+26.2%	0.48%	+9.4%
PFG	Sell	PRINCIPAL FINL GROUP INC COM	$9,480,000	+3.0%	161,802	-6.9%	0.47%	+0.4%
NOV	Sell	NATIONAL OILWELL VARCO INC COM	$8,773,000	-35.3%	203,647	-34.8%	0.44%	-37.0%
SJM	Sell	SMUCKER J M CO COM NEW	$8,612,000	-11.1%	83,933	-6.8%	0.43%	-13.3%
MU	Sell	MICRON TECHNOLOGY INC COM	$8,593,000	-19.3%	189,979	-6.5%	0.43%	-21.4%
MAS	Sell	MASCO CORP COM	$8,349,000	-9.2%	228,106	-7.2%	0.42%	-11.7%
EXP	New	EAGLE MATERIALS INC COM	$8,196,000	–	96,152	–	0.41%	–
BKD	Buy	BROOKDALE SR LIVING INC COM	$8,200,000	+53.4%	834,231	+41.8%	0.41%	+49.6%
MCFT	Buy	MCBC HLDGS INC COM	$8,160,000	+30.7%	227,438	+5.5%	0.41%	+27.5%
LPT	Sell	LIBERTY PPTY TR SH BEN INT	$6,732,000	-10.2%	159,334	-5.8%	0.34%	-12.7%
GTN	Sell	GRAY TELEVISION INC COM	$6,647,000	+10.2%	379,843	-0.5%	0.33%	+7.4%
CIO	Sell	CITY OFFICE REIT INC COM	$6,453,000	-9.9%	511,305	-8.4%	0.32%	-12.3%
FBM	Buy	FOUNDATION BLDG MATLS INC COM	$6,345,000	+86.0%	508,799	+129.3%	0.32%	+81.1%
ARKR	Buy	ARK RESTAURANTS CORP COM	$6,246,000	+1.9%	268,307	+9.2%	0.31%	-0.6%
STRL	Sell	STERLING CONSTRUCTION CO INC C	$6,226,000	+9.8%	434,765	-0.1%	0.31%	+6.9%
MCS	Sell	MARCUS CORP COM	$6,013,000	+7.2%	142,995	-17.1%	0.30%	+4.5%
NR	Sell	NEWPARK RES INC COM PAR $.01NE	$5,907,000	-5.4%	570,710	-0.9%	0.30%	-7.8%
CBZ	Sell	CBIZ INC COM	$5,875,000	-5.3%	247,900	-8.1%	0.29%	-7.5%
PVAC	Sell	PENN VA CORP NEW COM	$5,831,000	-23.6%	72,403	-19.5%	0.29%	-25.6%
SP	Buy	SP PLUS CORP COM	$5,802,000	+50.0%	158,951	+52.8%	0.29%	+46.5%
FLY	Sell	FLY LEASING LTD SPONSORED ADR	$5,723,000	-0.5%	405,883	-0.6%	0.29%	-3.1%
MRTN	Sell	MARTEN TRANS LTD COM	$5,635,000	-10.6%	267,681	-0.4%	0.28%	-12.7%
EIG	Buy	EMPLOYERS HOLDINGS INC COM	$5,472,000	+25.9%	120,791	+11.7%	0.27%	+22.4%
PLPC	Sell	PREFORMED LINE PRODS CO COM	$5,444,000	-23.0%	77,458	-2.7%	0.27%	-25.1%
DCO	Sell	DUCOMMUN INC DEL COM	$5,358,000	+22.7%	131,186	-0.6%	0.27%	+19.6%
TRNS	Sell	TRANSCAT INC COM	$5,281,000	-11.6%	231,106	-26.8%	0.26%	-13.7%
SPLPPRA	Sell	STEEL PARTNERS HLDGS L P PFD S	$5,271,000	+12.3%	230,159	-0.4%	0.26%	+9.1%
CTT	Buy	CATCHMARK TIMBER TR INC CL A	$5,070,000	-10.2%	443,545	+0.0%	0.25%	-12.5%
RDNT	New	RADNET INC COM	$5,026,000	–	333,952	–	0.25%	–
KLIC	Sell	KULICKE & SOFFA INDS INC COM	$4,996,000	+0.0%	209,576	-0.0%	0.25%	-2.3%
EMCI	Sell	EMC INS GROUP INC COM	$4,980,000	-11.2%	201,470	-0.3%	0.25%	-13.5%
FCBC	Sell	FIRST CMNTY BANCSHARES INC NEV	$4,919,000	+6.0%	145,180	-0.3%	0.25%	+3.4%
WLH	Buy	LYON WILLIAM HOMES CL A NEW	$4,739,000	+71.7%	298,234	+150.7%	0.24%	+66.9%
IRT	Sell	INDEPENDENCE RLTY TR INC COM	$4,503,000	+1.8%	427,646	-0.3%	0.22%	-0.9%
STAR	Sell	ISTAR INC COM	$4,471,000	+3.0%	400,255	-0.5%	0.22%	0.0%
HURC	Buy	HURCO COMPANIES INC COM	$4,412,000	+8.1%	97,828	+7.2%	0.22%	+5.3%
USLM	Buy	UNITED STATES LIME & MINERALS	$4,358,000	+1.4%	55,202	+7.8%	0.22%	-0.9%
CVCO	Sell	CAVCO INDS INC DEL COM	$4,337,000	+6.0%	17,142	-13.0%	0.22%	+3.3%
IPHS	Buy	INNOPHOS HOLDINGS INC COM	$4,222,000	+19.5%	95,097	+28.2%	0.21%	+16.6%
UTL	Sell	UNITIL CORP COM	$4,122,000	-0.8%	80,988	-0.5%	0.21%	-3.3%
RCKY	Sell	ROCKY BRANDS INC COM	$4,112,000	-14.1%	145,289	-8.9%	0.21%	-15.9%
CPSI	Sell	COMPUTER PROGRAMS & SYS INC CO	$3,868,000	-18.6%	144,072	-0.2%	0.19%	-20.9%
NKSH	Sell	NATIONAL BANKSHARES INC VA COM	$3,869,000	-2.4%	85,120	-0.4%	0.19%	-4.9%
HHC	New	HOWARD HUGHES CORP COM	$3,784,000	–	30,461	–	0.19%	–
HTBI	Sell	HOMETRUST BANCSHARES INC COM	$3,703,000	+3.3%	127,018	-0.2%	0.18%	+0.5%
NP	Sell	NEENAH INC COM	$3,637,000	+1.0%	42,138	-0.7%	0.18%	-1.6%
FBNC	Sell	FIRST BANCORP N C COM	$3,626,000	-11.6%	89,518	-10.7%	0.18%	-13.8%
NRIM	Sell	NORTHRIM BANCORP INC COM	$3,628,000	+4.5%	87,307	-0.6%	0.18%	+1.7%
KE	Sell	KIMBALL ELECTRONICS INC COM	$3,588,000	+7.4%	182,574	-0.0%	0.18%	+4.7%
RGCO	Buy	RGC RES INC COM	$3,545,000	-5.3%	132,737	+3.5%	0.18%	-7.8%
RTEC	Sell	RUDOLPH TECHNOLOGIES INC COM	$3,500,000	-17.6%	143,166	-0.2%	0.18%	-19.7%
SSB	Buy	SOUTH ST CORP COM	$3,458,000	+12.4%	42,169	+18.2%	0.17%	+9.5%
ARTNA	Sell	ARTESIAN RESOURCES CORP CL A	$3,400,000	-5.6%	92,440	-0.4%	0.17%	-8.1%
TBNK	Buy	TERRITORIAL BANCORP INC COM	$3,366,000	+0.6%	113,916	+5.6%	0.17%	-2.3%
SD	Buy	SANDRIDGE ENERGY INC COM NEW	$3,196,000	-30.7%	294,032	+13.1%	0.16%	-32.2%
MOV	New	MOVADO GROUP INC COM	$3,100,000	–	73,991	–	0.16%	–
WNEB	Sell	WESTERN NEW ENG BANCORP INC CO	$3,100,000	-2.7%	286,991	-0.9%	0.16%	-4.9%
AMSWA	Sell	AMERICAN SOFTWARE INC CL A	$2,874,000	-39.5%	236,928	-27.3%	0.14%	-40.7%
ZAGG	New	ZAGG INC COM	$2,800,000	–	189,847	–	0.14%	–
BFIN	Sell	BANKFINANCIAL CORP COM	$2,646,000	-10.5%	166,016	-0.9%	0.13%	-13.2%
CCBG	Sell	CAPITAL CITY BK GROUP INC COM	$2,249,000	-1.4%	96,351	-0.1%	0.11%	-4.3%
CVGI	New	COMMERCIAL VEH GROUP INC COM	$2,206,000	–	240,810	–	0.11%	–
CFG	Buy	CITIZENS FINL GROUP INC COM	$1,655,000	+19.2%	42,902	+20.2%	0.08%	+16.9%
AB	New	ALLIANCEBERNSTEIN HOLDING LP U	$1,651,000	–	54,230	–	0.08%	–
KMT	New	KENNAMETAL INC COM	$1,638,000	–	37,611	–	0.08%	–
CVCY	Buy	CENTRAL VALLEY CMNTY BANCORP C	$1,578,000	+14.1%	73,039	+11.8%	0.08%	+11.3%
COBZ	Sell	COBIZ FINANCIAL INC COM	$1,254,000	-51.9%	56,617	-53.4%	0.06%	-53.0%
ERF	Sell	ENERPLUS CORP COM	$1,144,000	-15.0%	92,719	-13.2%	0.06%	-17.4%
GPK	Sell	GRAPHIC PACKAGING HLDG CO COM	$435,000	-10.7%	31,059	-7.4%	0.02%	-12.0%
TSS	Sell	TOTAL SYS SVCS INC COM	$394,000	+7.1%	3,990	-8.4%	0.02%	+5.3%
NTRS	Sell	NORTHERN TR CORP COM	$391,000	-7.1%	3,824	-6.6%	0.02%	-9.1%
CW	Sell	CURTISS WRIGHT CORP COM	$381,000	+5.8%	2,771	-8.4%	0.02%	+5.6%
HSY	New	HERSHEY CO COM	$373,000	–	3,655	–	0.02%	–
JBHT	New	HUNT J B TRANS SVCS INC COM	$368,000	–	3,093	–	0.02%	–
LNC	Sell	LINCOLN NATL CORP IND COM	$368,000	-0.5%	5,438	-8.4%	0.02%	-5.3%
CNK	New	CINEMARK HOLDINGS INC COM	$326,000	–	8,103	–	0.02%	–
PNM	Sell	PNM RES INC COM	$300,000	-7.1%	7,616	-8.4%	0.02%	-11.8%
BRX	Sell	BRIXMOR PPTY GROUP INC COM	$287,000	-5.6%	16,390	-5.9%	0.01%	-12.5%
PHM	Sell	PULTE GROUP INC COM	$260,000	-13.9%	10,482	-0.2%	0.01%	-13.3%
RS	Sell	RELIANCE STEEL & ALUMINUM CO C	$261,000	-10.6%	3,055	-8.4%	0.01%	-13.3%
ED	Sell	CONSOLIDATED EDISON INC COM	$248,000	-10.5%	3,260	-8.3%	0.01%	-14.3%
RLJ	Sell	RLJ LODGING TR COM	$207,000	-7.6%	9,407	-7.4%	0.01%	-9.1%
CMT	Sell	CORE MOLDING TECHNOLOGIES INC	$129,000	-96.8%	19,322	-93.1%	0.01%	-97.1%
TSN	Exit	TYSON FOODS INC CL A	$0	–	-5,698	–	-0.02%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC CO	$0	–	-2,753	–	-0.02%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR COM	$0	–	-214,273	–	-0.14%	–
FRAN	Exit	FRANCESCAS HLDGS CORP COM	$0	–	-542,770	–	-0.21%	–
FMBI	Exit	FIRST MIDWEST BANCORP DEL COM	$0	–	-456,990	–	-0.60%	–
OC	Exit	OWENS CORNING NEW COM	$0	–	-278,130	–	-0.90%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-351,602	–	-1.01%	–
LM	Exit	LEGG MASON INC COM	$0	–	-620,419	–	-1.10%	–

Q2 2018

			Value		Shares		↓ Weighting
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTNS	$38,094,000	–	3,174,511	–	1.95%	–
GBX	New	GREENBRIER COS INC COM	$36,556,000	–	693,009	–	1.87%	–
LHCG	New	LHC GROUP INC COM	$33,939,000	–	396,528	–	1.74%	–
OEC	New	ORION ENGINEERED CARBONS S A C	$33,388,000	–	1,082,270	–	1.71%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$33,104,000	–	1,565,178	–	1.70%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$31,592,000	–	1,358,809	–	1.62%	–
PWR	New	QUANTA SVCS INC COM	$31,432,000	–	941,085	–	1.61%	–
GHL	New	GREENHILL & CO INC COM	$30,685,000	–	1,080,458	–	1.57%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$29,433,000	–	1,743,638	–	1.51%	–
SASR	New	SANDY SPRING BANCORP INC COM	$29,322,000	–	715,001	–	1.50%	–
MOGA	New	MOOG INC CL A	$27,967,000	–	358,729	–	1.43%	–
CTBI	New	COMMUNITY TR BANCORP INC COM	$27,957,000	–	559,706	–	1.43%	–
NXST	New	NEXSTAR MEDIA GROUP INC CL A	$27,123,000	–	369,523	–	1.39%	–
CUZ	New	COUSINS PPTYS INC COM	$27,002,000	–	2,786,628	–	1.38%	–
CBPX	New	CONTINENTAL BLDG PRODS INC COM	$26,274,000	–	832,760	–	1.35%	–
EE	New	EL PASO ELEC CO COM NEW	$25,982,000	–	439,626	–	1.33%	–
HT	New	HERSHA HOSPITALITY TR PR SHS B	$25,558,000	–	1,191,499	–	1.31%	–
EHC	New	ENCOMPASS HEALTH CORP COM	$24,611,000	–	363,427	–	1.26%	–
ASB	New	ASSOCIATED BANC CORP COM	$24,226,000	–	887,401	–	1.24%	–
TER	New	TERADYNE INC COM	$23,862,000	–	626,787	–	1.22%	–
TTMI	New	TTM TECHNOLOGIES INC COM	$23,510,000	–	1,333,531	–	1.20%	–
DRQ	New	DRIL-QUIP INC COM	$23,400,000	–	455,245	–	1.20%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$23,291,000	–	846,011	–	1.19%	–
POL	New	POLYONE CORP COM	$23,182,000	–	536,371	–	1.19%	–
WPX	New	WPX ENERGY INC COM	$22,576,000	–	1,252,142	–	1.16%	–
ASGN	New	ASGN INC COM	$21,949,000	–	280,712	–	1.12%	–
LM	New	LEGG MASON INC COM	$21,547,000	–	620,419	–	1.10%	–
FWRD	New	FORWARD AIR CORP COM	$21,377,000	–	361,828	–	1.10%	–
VZ	New	VERIZON COMMUNICATIONS INC COM	$20,889,000	–	415,200	–	1.07%	–
SERV	New	SERVICEMASTER GLOBAL HLDGS INC	$20,780,000	–	349,412	–	1.06%	–
HMN	New	HORACE MANN EDUCATORS CORP NEW	$20,216,000	–	453,265	–	1.04%	–
CNX	New	CNX RESOURCES CORPORATION COM	$20,038,000	–	1,126,979	–	1.03%	–
FULT	New	FULTON FINL CORP PA COM	$19,810,000	–	1,200,580	–	1.02%	–
CBS	New	CBS CORP NEW CL B	$19,767,000	–	351,602	–	1.01%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$19,509,000	–	187,387	–	1.00%	–
NWE	New	NORTHWESTERN CORP COM NEW	$19,075,000	–	333,190	–	0.98%	–
CAL	New	CALERES INC COM	$18,958,000	–	551,252	–	0.97%	–
FHN	New	FIRST HORIZON NATL CORP COM	$18,874,000	–	1,057,968	–	0.97%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$18,809,000	–	439,876	–	0.96%	–
CJ	New	C&J ENERGY SVCS INC NEW COM	$18,648,000	–	790,150	–	0.96%	–
EMN	New	EASTMAN CHEM CO COM	$18,634,000	–	186,416	–	0.96%	–
ONB	New	OLD NATL BANCORP IND COM	$18,413,000	–	989,969	–	0.94%	–
RDN	New	RADIAN GROUP INC COM	$18,372,000	–	1,132,682	–	0.94%	–
ROCK	New	GIBRALTAR INDS INC COM	$18,306,000	–	488,165	–	0.94%	–
PRU	New	PRUDENTIAL FINL INC COM	$18,017,000	–	192,675	–	0.92%	–
CIEN	New	CIENA CORP COM NEW	$17,890,000	–	674,839	–	0.92%	–
SNBR	New	SLEEP NUMBER CORP COM	$17,734,000	–	611,102	–	0.91%	–
OC	New	OWENS CORNING NEW COM	$17,625,000	–	278,130	–	0.90%	–
CABO	New	CABLE ONE INC COM	$17,596,000	–	23,996	–	0.90%	–
RMBS	New	RAMBUS INC DEL COM	$17,532,000	–	1,398,124	–	0.90%	–
UNFI	New	UNITED NAT FOODS INC COM	$17,459,000	–	409,264	–	0.90%	–
HWC	New	HANCOCK WHITNEY CORPORATION CO	$17,375,000	–	371,963	–	0.89%	–
JPM	New	JPMORGAN CHASE & CO COM	$17,039,000	–	163,525	–	0.87%	–
CSCO	New	CISCO SYS INC COM	$16,996,000	–	394,983	–	0.87%	–
CNO	New	CNO FINL GROUP INC COM	$16,524,000	–	867,858	–	0.85%	–
CHS	New	CHICOS FAS INC COM	$16,082,000	–	1,975,692	–	0.82%	–
WAFD	New	WASHINGTON FED INC COM	$15,960,000	–	488,084	–	0.82%	–
BRSS	New	GLOBAL BRASS & COPPR HLDGS INC	$15,872,000	–	506,273	–	0.81%	–
ATKR	New	ATKORE INTL GROUP INC COM	$15,384,000	–	740,695	–	0.79%	–
IVC	New	INVACARE CORP COM	$15,209,000	–	817,688	–	0.78%	–
ABT	New	ABBOTT LABS COM	$15,105,000	–	247,671	–	0.77%	–
KRG	New	KITE RLTY GROUP TR COM NEW	$14,598,000	–	854,656	–	0.75%	–
SNN	New	SMITH & NEPHEW PLC SPDN ADR NE	$14,359,000	–	382,612	–	0.74%	–
ADI	New	ANALOG DEVICES INC COM	$14,264,000	–	148,711	–	0.73%	–
SU	New	SUNCOR ENERGY INC NEW COM	$14,144,000	–	347,695	–	0.72%	–
MLI	New	MUELLER INDS INC COM	$13,870,000	–	469,995	–	0.71%	–
KSS	New	KOHLS CORP COM	$13,606,000	–	186,640	–	0.70%	–
NOV	New	NATIONAL OILWELL VARCO INC COM	$13,550,000	–	312,213	–	0.70%	–
WSBC	New	WESBANCO INC COM	$12,136,000	–	269,444	–	0.62%	–
RBC	New	REGAL BELOIT CORP COM	$12,012,000	–	146,850	–	0.62%	–
FMBI	New	FIRST MIDWEST BANCORP DEL COM	$11,640,000	–	456,990	–	0.60%	–
STI	New	SUNTRUST BKS INC COM	$11,630,000	–	176,162	–	0.60%	–
ALL	New	ALLSTATE CORP COM	$11,586,000	–	126,945	–	0.59%	–
CIT	New	CIT GROUP INC COM NEW	$11,408,000	–	226,314	–	0.58%	–
PG	New	PROCTER AND GAMBLE CO COM	$11,026,000	–	141,249	–	0.56%	–
COG	New	CABOT OIL & GAS CORP COM	$10,992,000	–	461,863	–	0.56%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$10,705,000	–	197,721	–	0.55%	–
MU	New	MICRON TECHNOLOGY INC COM	$10,651,000	–	203,100	–	0.55%	–
RF	New	REGIONS FINL CORP NEW COM	$10,570,000	–	594,497	–	0.54%	–
FFG	New	FBL FINL GROUP INC CL A	$10,375,000	–	131,743	–	0.53%	–
MRO	New	MARATHON OIL CORP COM	$10,311,000	–	494,318	–	0.53%	–
PNC	New	PNC FINL SVCS GROUP INC COM	$10,297,000	–	76,216	–	0.53%	–
AGCO	New	AGCO CORP COM	$10,286,000	–	169,399	–	0.53%	–
XEL	New	XCEL ENERGY INC COM	$10,093,000	–	220,960	–	0.52%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$9,870,000	–	78,943	–	0.51%	–
SJM	New	SMUCKER J M CO COM NEW	$9,683,000	–	90,092	–	0.50%	–
MAS	New	MASCO CORP COM	$9,198,000	–	245,797	–	0.47%	–
PFG	New	PRINCIPAL FINL GROUP INC COM	$9,205,000	–	173,842	–	0.47%	–
GPS	New	GAP INC DEL COM	$8,499,000	–	262,389	–	0.44%	–
PVAC	New	PENN VA CORP NEW COM	$7,631,000	–	89,892	–	0.39%	–
LPT	New	LIBERTY PPTY TR SH BEN INT	$7,499,000	–	169,174	–	0.38%	–
CIO	New	CITY OFFICE REIT INC COM	$7,159,000	–	557,973	–	0.37%	–
PLPC	New	PREFORMED LINE PRODS CO COM	$7,071,000	–	79,644	–	0.36%	–
MRTN	New	MARTEN TRANS LTD COM	$6,302,000	–	268,733	–	0.32%	–
NR	New	NEWPARK RES INC COM PAR $.01NE	$6,247,000	–	575,781	–	0.32%	–
MCFT	New	MCBC HLDGS INC COM	$6,242,000	–	215,621	–	0.32%	–
CBZ	New	CBIZ INC COM	$6,203,000	–	269,677	–	0.32%	–
ARKR	New	ARK RESTAURANTS CORP COM	$6,130,000	–	245,773	–	0.31%	–
GTN	New	GRAY TELEVISION INC COM	$6,030,000	–	381,653	–	0.31%	–
TRNS	New	TRANSCAT INC COM	$5,971,000	–	315,932	–	0.31%	–
FLY	New	FLY LEASING LTD SPONSORED ADR	$5,753,000	–	408,329	–	0.30%	–
STRL	New	STERLING CONSTRUCTION CO INC C	$5,671,000	–	435,247	–	0.29%	–
CTT	New	CATCHMARK TIMBER TR INC CL A	$5,646,000	–	443,504	–	0.29%	–
EMCI	New	EMC INS GROUP INC COM	$5,611,000	–	201,996	–	0.29%	–
MCS	New	MARCUS CORP COM	$5,608,000	–	172,545	–	0.29%	–
BKD	New	BROOKDALE SR LIVING INC COM	$5,347,000	–	588,177	–	0.27%	–
KLIC	New	KULICKE & SOFFA INDS INC COM	$4,994,000	–	209,650	–	0.26%	–
RCKY	New	ROCKY BRANDS INC COM	$4,786,000	–	159,523	–	0.24%	–
CPSI	New	COMPUTER PROGRAMS & SYS INC CO	$4,751,000	–	144,402	–	0.24%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$4,747,000	–	325,779	–	0.24%	–
SPLPPRA	New	STEEL PARTNERS HLDGS L P PFD S	$4,693,000	–	231,072	–	0.24%	–
FCBC	New	FIRST CMNTY BANCSHARES INC NEV	$4,639,000	–	145,614	–	0.24%	–
SD	New	SANDRIDGE ENERGY INC COM NEW	$4,610,000	–	259,886	–	0.24%	–
IRT	New	INDEPENDENCE RLTY TR INC COM	$4,422,000	–	428,876	–	0.23%	–
DCO	New	DUCOMMUN INC DEL COM	$4,368,000	–	132,002	–	0.22%	–
EIG	New	EMPLOYERS HOLDINGS INC COM	$4,347,000	–	108,141	–	0.22%	–
STAR	New	ISTAR INC COM	$4,341,000	–	402,301	–	0.22%	–
USLM	New	UNITED STATES LIME & MINERALS	$4,297,000	–	51,210	–	0.22%	–
RTEC	New	RUDOLPH TECHNOLOGIES INC COM	$4,246,000	–	143,448	–	0.22%	–
UTL	New	UNITIL CORP COM	$4,154,000	–	81,394	–	0.21%	–
FBNC	New	FIRST BANCORP N C COM	$4,103,000	–	100,286	–	0.21%	–
CVCO	New	CAVCO INDS INC DEL COM	$4,091,000	–	19,701	–	0.21%	–
FRAN	New	FRANCESCAS HLDGS CORP COM	$4,098,000	–	542,770	–	0.21%	–
HURC	New	HURCO COMPANIES INC COM	$4,082,000	–	91,226	–	0.21%	–
CMT	New	CORE MOLDING TECHNOLOGIES INC	$4,027,000	–	281,975	–	0.21%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$3,966,000	–	85,469	–	0.20%	–
SP	New	SP PLUS CORP COM	$3,869,000	–	104,016	–	0.20%	–
RGCO	New	RGC RES INC COM	$3,742,000	–	128,228	–	0.19%	–
NP	New	NEENAH INC COM	$3,600,000	–	42,427	–	0.18%	–
ARTNA	New	ARTESIAN RESOURCES CORP CL A	$3,600,000	–	92,854	–	0.18%	–
HTBI	New	HOMETRUST BANCSHARES INC COM	$3,584,000	–	127,308	–	0.18%	–
IPHS	New	INNOPHOS HOLDINGS INC COM	$3,532,000	–	74,205	–	0.18%	–
NRIM	New	NORTHRIM BANCORP INC COM	$3,472,000	–	87,799	–	0.18%	–
FBM	New	FOUNDATION BLDG MATLS INC COM	$3,412,000	–	221,876	–	0.18%	–
TBNK	New	TERRITORIAL BANCORP INC COM	$3,346,000	–	107,926	–	0.17%	–
KE	New	KIMBALL ELECTRONICS INC COM	$3,342,000	–	182,623	–	0.17%	–
WNEB	New	WESTERN NEW ENG BANCORP INC CO	$3,185,000	–	289,534	–	0.16%	–
SSB	New	SOUTH ST CORP COM	$3,076,000	–	35,668	–	0.16%	–
ACCO	New	ACCO BRANDS CORP COM	$3,017,000	–	217,837	–	0.16%	–
BFIN	New	BANKFINANCIAL CORP COM	$2,958,000	–	167,596	–	0.15%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR COM	$2,831,000	–	214,273	–	0.14%	–
WLH	New	LYON WILLIAM HOMES CL A NEW	$2,760,000	–	118,967	–	0.14%	–
COBZ	New	COBIZ FINANCIAL INC COM	$2,607,000	–	121,388	–	0.13%	–
CCBG	New	CAPITAL CITY BK GROUP INC COM	$2,280,000	–	96,493	–	0.12%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$2,111,000	–	205,313	–	0.11%	–
SPLP	New	STEEL PARTNERS HLDGS L P LTD P	$2,004,000	–	118,923	–	0.10%	–
FTAI	New	FORTRESS TRANS INFRST INVS LLC	$1,457,000	–	80,642	–	0.08%	–
CVCY	New	CENTRAL VALLEY CMNTY BANCORP C	$1,383,000	–	65,338	–	0.07%	–
CFG	New	CITIZENS FINL GROUP INC COM	$1,389,000	–	35,704	–	0.07%	–
ERF	New	ENERPLUS CORP COM	$1,346,000	–	106,805	–	0.07%	–
GPK	New	GRAPHIC PACKAGING HLDG CO COM	$487,000	–	33,556	–	0.02%	–
NTRS	New	NORTHERN TR CORP COM	$421,000	–	4,096	–	0.02%	–
ODFL	New	OLD DOMINION FGHT LINES INC CO	$410,000	–	2,753	–	0.02%	–
TSN	New	TYSON FOODS INC CL A	$392,000	–	5,698	–	0.02%	–
LNC	New	LINCOLN NATL CORP IND COM	$370,000	–	5,936	–	0.02%	–
TSS	New	TOTAL SYS SVCS INC COM	$368,000	–	4,356	–	0.02%	–
CW	New	CURTISS WRIGHT CORP COM	$360,000	–	3,024	–	0.02%	–
PNM	New	PNM RES INC COM	$323,000	–	8,315	–	0.02%	–
BRX	New	BRIXMOR PPTY GROUP INC COM	$304,000	–	17,414	–	0.02%	–
RS	New	RELIANCE STEEL & ALUMINUM CO C	$292,000	–	3,335	–	0.02%	–
PHM	New	PULTE GROUP INC COM	$302,000	–	10,500	–	0.02%	–
ED	New	CONSOLIDATED EDISON INC COM	$277,000	–	3,557	–	0.01%	–
RLJ	New	RLJ LODGING TR COM	$224,000	–	10,156	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
HST	Exit	HOST HOTELS & RESORTS INC COM	$0	–	-12,897	–	-0.01%	–
BRX	Exit	BRIXMOR PPTY GROUP INC COM	$0	–	-14,347	–	-0.02%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO C	$0	–	-3,790	–	-0.02%	–
ED	Exit	CONSOLIDATED EDISON INC COM	$0	–	-4,458	–	-0.02%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-5,465	–	-0.02%	–
CW	Exit	CURTISS WRIGHT CORP COM	$0	–	-3,779	–	-0.02%	–
WHR	Exit	WHIRLPOOL CORP COM	$0	–	-2,369	–	-0.02%	–
PNM	Exit	PNM RES INC COM	$0	–	-10,428	–	-0.02%	–
WMK	Exit	WEIS MKTS INC COM	$0	–	-9,854	–	-0.02%	–
NTRS	Exit	NORTHERN TR CORP COM	$0	–	-4,847	–	-0.02%	–
RGC	Exit	REGAL ENTMT GROUP CL A	$0	–	-28,836	–	-0.03%	–
CFG	Exit	CITIZENS FINL GROUP INC COM	$0	–	-12,233	–	-0.03%	–
LNC	Exit	LINCOLN NATL CORP IND COM	$0	–	-6,586	–	-0.03%	–
TSN	Exit	TYSON FOODS INC CL A	$0	–	-7,134	–	-0.03%	–
CCBG	Exit	CAPITAL CITY BK GROUP INC COM	$0	–	-21,661	–	-0.03%	–
CPSI	Exit	COMPUTER PROGRAMS & SYS INC CO	$0	–	-26,737	–	-0.04%	–
WPG	Exit	WASHINGTON PRIME GROUP NEW COM	$0	–	-98,879	–	-0.05%	–
ERF	Exit	ENERPLUS CORP COM	$0	–	-112,312	–	-0.06%	–
PCBK	Exit	PACIFIC CONTINENTAL CORP COM	$0	–	-43,042	–	-0.06%	–
COBZ	Exit	COBIZ FINANCIAL INC COM	$0	–	-72,282	–	-0.08%	–
FTAI	Exit	FORTRESS TRANS INFRST INVS LLC	$0	–	-80,796	–	-0.08%	–
ADC	Exit	AGREE REALTY CORP COM	$0	–	-30,015	–	-0.08%	–
XLF	Exit	SELECT SECTOR SPDR TR SBI INT-	$0	–	-57,634	–	-0.08%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-100,447	–	-0.09%	–
HTBI	Exit	HOMETRUST BANCSHARES INC COM	$0	–	-62,680	–	-0.09%	–
SPLP	Exit	STEEL PARTNERS HLDGS L P LTD P	$0	–	-93,739	–	-0.10%	–
CVCO	Exit	CAVCO INDS INC DEL COM	$0	–	-11,816	–	-0.10%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-52,655	–	-0.10%	–
NLS	Exit	NAUTILUS INC COM	$0	–	-109,185	–	-0.10%	–
WNEB	Exit	WESTERN NEW ENG BANCORP INC CO	$0	–	-173,373	–	-0.11%	–
MSFG	Exit	MAINSOURCE FINANCIAL GP INC CO	$0	–	-53,491	–	-0.11%	–
GPK	Exit	GRAPHIC PACKAGING HLDG CO COM	$0	–	-138,607	–	-0.11%	–
SD	Exit	SANDRIDGE ENERGY INC COM NEW	$0	–	-97,106	–	-0.11%	–
IPHS	Exit	INNOPHOS HOLDINGS INC COM	$0	–	-39,823	–	-0.11%	–
KBAL	Exit	KIMBALL INTL INC CL B	$0	–	-101,945	–	-0.11%	–
KE	Exit	KIMBALL ELECTRONICS INC COM	$0	–	-93,610	–	-0.11%	–
JOUT	Exit	JOHNSON OUTDOORS INC CL A	$0	–	-27,788	–	-0.11%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-180,570	–	-0.12%	–
STAR	Exit	ISTAR INC COM	$0	–	-175,728	–	-0.12%	–
RTEC	Exit	RUDOLPH TECHNOLOGIES INC COM	$0	–	-79,101	–	-0.12%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-205,705	–	-0.12%	–
PSTB	Exit	PARK STERLING CORP COM	$0	–	-169,638	–	-0.12%	–
USLM	Exit	UNITED STATES LIME & MINERALS	$0	–	-25,547	–	-0.12%	–
NP	Exit	NEENAH PAPER INC COM	$0	–	-25,309	–	-0.12%	–
FLY	Exit	FLY LEASING LTD SPONSORED ADR	$0	–	-159,613	–	-0.12%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-49,493	–	-0.12%	–
FCBC	Exit	FIRST CMNTY BANCSHARES INC NEV	$0	–	-77,316	–	-0.13%	–
KLIC	Exit	KULICKE & SOFFA INDS INC COM	$0	–	-112,180	–	-0.14%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-85,378	–	-0.14%	–
FBNC	Exit	FIRST BANCORP N C COM	$0	–	-70,079	–	-0.14%	–
REI	Exit	RING ENERGY INC COM	$0	–	-167,779	–	-0.14%	–
OKSB	Exit	SOUTHWEST BANCORP INC OKLA COM	$0	–	-88,588	–	-0.14%	–
CBZ	Exit	CBIZ INC COM	$0	–	-152,857	–	-0.14%	–
BH	Exit	BIGLARI HLDGS INC COM	$0	–	-7,703	–	-0.14%	–
MCS	Exit	MARCUS CORP COM	$0	–	-94,215	–	-0.15%	–
AFAM	Exit	ALMOST FAMILY INC COM	$0	–	-49,126	–	-0.15%	–
MRLN	Exit	MARLIN BUSINESS SVCS CORP COM	$0	–	-99,081	–	-0.16%	–
ARTNA	Exit	ARTESIAN RESOURCES CORP CL A	$0	–	-75,110	–	-0.16%	–
FRAN	Exit	FRANCESCAS HLDGS CORP COM	$0	–	-401,671	–	-0.16%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR COM	$0	–	-226,416	–	-0.16%	–
RLJ	Exit	RLJ LODGING TR COM	$0	–	-134,992	–	-0.17%	–
HNH	Exit	HANDY & HARMAN LTD COM	$0	–	-91,874	–	-0.17%	–
SP	Exit	SP PLUS CORP COM	$0	–	-77,512	–	-0.17%	–
CUTR	Exit	CUTERA INC COM	$0	–	-76,340	–	-0.18%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-160,110	–	-0.18%	–
STRL	Exit	STERLING CONSTRUCTION CO INC C	$0	–	-215,525	–	-0.18%	–
NR	Exit	NEWPARK RES INC COM PAR $.01NE	$0	–	-344,488	–	-0.19%	–
CIO	Exit	CITY OFFICE REIT INC COM	$0	–	-258,709	–	-0.20%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES INC	$0	–	-164,382	–	-0.20%	–
HURC	Exit	HURCO COMPANIES INC COM	$0	–	-88,869	–	-0.21%	–
BHF	Exit	BRIGHTHOUSE FINL INC COM	$0	–	-61,837	–	-0.21%	–
CTT	Exit	CATCHMARK TIMBER TR INC CL A	$0	–	-307,619	–	-0.22%	–
RGCO	Exit	RGC RES INC COM	$0	–	-140,279	–	-0.22%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-325,510	–	-0.25%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-204,480	–	-0.28%	–
PLPC	Exit	PREFORMED LINE PRODS CO COM	$0	–	-84,532	–	-0.32%	–
ARCO	Exit	ARCOS DORADOS HOLDINGS INC SHS	$0	–	-653,415	–	-0.37%	–
WSM	Exit	WILLIAMS SONOMA INC COM	$0	–	-164,372	–	-0.46%	–
LPT	Exit	LIBERTY PPTY TR SH BEN INT	$0	–	-205,687	–	-0.47%	–
EIX	Exit	EDISON INTL COM	$0	–	-111,943	–	-0.48%	–
DECK	Exit	DECKERS OUTDOOR CORP COM	$0	–	-137,213	–	-0.52%	–
GME	Exit	GAMESTOP CORP NEW CL A	$0	–	-456,424	–	-0.53%	–
HLS	Exit	HEALTHSOUTH CORP COM NEW	$0	–	-222,958	–	-0.58%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-719,663	–	-0.61%	–
WAFD	Exit	WASHINGTON FED INC COM	$0	–	-332,393	–	-0.63%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-279,625	–	-0.64%	–
MAS	Exit	MASCO CORP COM	$0	–	-297,036	–	-0.65%	–
RBC	Exit	REGAL BELOIT CORP COM	$0	–	-147,375	–	-0.65%	–
SJM	Exit	SMUCKER J M CO COM NEW	$0	–	-114,725	–	-0.67%	–
AGCO	Exit	AGCO CORP COM	$0	–	-163,879	–	-0.68%	–
UNP	Exit	UNION PAC CORP COM	$0	–	-105,933	–	-0.69%	–
XEL	Exit	XCEL ENERGY INC COM	$0	–	-268,054	–	-0.71%	–
OC	Exit	OWENS CORNING NEW COM	$0	–	-170,607	–	-0.74%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-275,170	–	-0.76%	–
ATKR	Exit	ATKORE INTL GROUP INC COM	$0	–	-705,283	–	-0.77%	–
CAL	Exit	CALERES INC COM	$0	–	-451,981	–	-0.77%	–
GPS	Exit	GAP INC DEL COM	$0	–	-468,126	–	-0.77%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-310,208	–	-0.79%	–
CBF	Exit	CAPITAL BK FINL CORP CL A COM	$0	–	-349,240	–	-0.80%	–
STI	Exit	SUNTRUST BKS INC COM	$0	–	-242,893	–	-0.81%	–
NOV	Exit	NATIONAL OILWELL VARCO INC COM	$0	–	-413,897	–	-0.83%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-132,189	–	-0.84%	–
CNO	Exit	CNO FINL GROUP INC COM	$0	–	-648,734	–	-0.85%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD COM	$0	–	-112,163	–	-0.85%	–
BRSS	Exit	GLOBAL BRASS & COPPR HLDGS INC	$0	–	-453,009	–	-0.86%	–
CTB	Exit	COOPER TIRE & RUBR CO COM	$0	–	-414,312	–	-0.87%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-1,346,522	–	-0.87%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-180,524	–	-0.87%	–
PNC	Exit	PNC FINL SVCS GROUP INC COM	$0	–	-116,111	–	-0.88%	–
GHL	Exit	GREENHILL & CO INC COM	$0	–	-960,820	–	-0.89%	–
KRG	Exit	KITE RLTY GROUP TR COM NEW	$0	–	-793,429	–	-0.90%	–
SU	Exit	SUNCOR ENERGY INC NEW COM	$0	–	-460,028	–	-0.90%	–
BKD	Exit	BROOKDALE SR LIVING INC COM	$0	–	-1,520,084	–	-0.90%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC CO	$0	–	-146,537	–	-0.90%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-1,756,879	–	-0.92%	–
TTMI	Exit	TTM TECHNOLOGIES INC COM	$0	–	-1,081,895	–	-0.93%	–
COG	Exit	CABOT OIL & GAS CORP COM	$0	–	-637,320	–	-0.95%	–
POL	Exit	POLYONE CORP COM	$0	–	-433,060	–	-0.97%	–
LHCG	Exit	LHC GROUP INC COM	$0	–	-244,295	–	-0.97%	–
HMN	Exit	HORACE MANN EDUCATORS CORP NEW	$0	–	-440,619	–	-0.97%	–
ASGN	Exit	ON ASSIGNMENT INC COM	$0	–	-323,972	–	-0.97%	–
HWC	Exit	HANCOCK HLDG CO COM	$0	–	-361,005	–	-0.98%	–
FWRD	Exit	FORWARD AIR CORP COM	$0	–	-306,647	–	-0.98%	–
SCSS	Exit	SELECT COMFORT CORP COM	$0	–	-572,850	–	-1.00%	–
SNN	Exit	SMITH & NEPHEW PLC SPDN ADR NE	$0	–	-489,652	–	-1.00%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-334,871	–	-1.00%	–
RICE	Exit	RICE ENERGY INC COM	$0	–	-619,518	–	-1.00%	–
NCI	Exit	NAVIGANT CONSULTING INC COM	$0	–	-1,060,793	–	-1.00%	–
HT	Exit	HERSHA HOSPITALITY TR PR SHS B	$0	–	-982,225	–	-1.03%	–
CLNS	Exit	COLONY NORTHSTAR INC CL A COM	$0	–	-1,471,625	–	-1.04%	–
GBX	Exit	GREENBRIER COS INC COM	$0	–	-384,371	–	-1.04%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-180,711	–	-1.04%	–
FOX	Exit	TWENTY FIRST CENTY FOX INC CL	$0	–	-736,468	–	-1.06%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-198,929	–	-1.06%	–
NTCT	Exit	NETSCOUT SYS INC COM	$0	–	-588,369	–	-1.06%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC COM	$0	–	-742,680	–	-1.08%	–
FMBI	Exit	FIRST MIDWEST BANCORP DEL COM	$0	–	-825,369	–	-1.08%	–
VVC	Exit	VECTREN CORP COM	$0	–	-297,862	–	-1.10%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-561,163	–	-1.10%	–
IPGP	Exit	IPG PHOTONICS CORP COM	$0	–	-106,066	–	-1.10%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-817,019	–	-1.11%	–
LM	Exit	LEGG MASON INC COM	$0	–	-511,081	–	-1.12%	–
ABM	Exit	ABM INDS INC COM	$0	–	-490,663	–	-1.15%	–
OEC	Exit	ORION ENGINEERED CARBONS S A C	$0	–	-912,894	–	-1.15%	–
DRQ	Exit	DRIL-QUIP INC COM	$0	–	-467,799	–	-1.16%	–
SERV	Exit	SERVICEMASTER GLOBAL HLDGS INC	$0	–	-442,754	–	-1.16%	–
MMSI	Exit	MERIT MED SYS INC COM	$0	–	-493,019	–	-1.17%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-797,900	–	-1.19%	–
HNI	Exit	HNI CORP COM	$0	–	-515,625	–	-1.20%	–
EMN	Exit	EASTMAN CHEM CO COM	$0	–	-238,139	–	-1.21%	–
EE	Exit	EL PASO ELEC CO COM NEW	$0	–	-393,946	–	-1.22%	–
FULT	Exit	FULTON FINL CORP PA COM	$0	–	-1,168,856	–	-1.23%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-631,884	–	-1.24%	–
MET	Exit	METLIFE INC COM	$0	–	-430,470	–	-1.25%	–
CTBI	Exit	COMMUNITY TR BANCORP INC COM	$0	–	-483,187	–	-1.26%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-1,231,297	–	-1.26%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-1,239,573	–	-1.30%	–
PWR	Exit	QUANTA SVCS INC COM	$0	–	-620,346	–	-1.30%	–
EPC	Exit	EDGEWELL PERS CARE CO COM	$0	–	-320,715	–	-1.31%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-701,286	–	-1.32%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-1,280,621	–	-1.33%	–
TER	Exit	TERADYNE INC COM	$0	–	-669,524	–	-1.40%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-611,282	–	-1.42%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-240,656	–	-1.43%	–
EIG	Exit	EMPLOYERS HOLDINGS INC COM	$0	–	-625,161	–	-1.59%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-1,649,499	–	-1.62%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-2,403,593	–	-1.92%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTNS	$0	–	-2,525,865	–	-2.01%	–

Q3 2017

			Value		Shares		↓ Weighting
MDRX	Buy	ALLSCRIPTS HEALTHCARE SOLUTNS	$35,943,000	+2716.8%	2,525,865	+2425.9%	2.01%	+2618.9%
AEO	Buy	AMERICAN EAGLE OUTFITTERS NEW	$34,371,000	+26.2%	2,403,593	+6.4%	1.92%	+21.5%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$28,850,000	+0.9%	1,649,499	+1.1%	1.62%	-2.9%
EIG	Buy	EMPLOYERS HOLDINGS INC COM	$28,414,000	+8.5%	625,161	+1.0%	1.59%	+4.5%
PRU	Sell	PRUDENTIAL FINL INC COM	$25,587,000	-2.4%	240,656	-0.7%	1.43%	-6.0%
SASR	Buy	SANDY SPRING BANCORP INC COM	$25,332,000	+3.1%	611,282	+1.1%	1.42%	-0.8%
TER	Buy	TERADYNE INC COM	$24,967,000	+25.3%	669,524	+0.9%	1.40%	+20.6%
KW	Buy	KENNEDY-WILSON HLDGS INC COM	$23,756,000	-1.7%	1,280,621	+1.0%	1.33%	-5.3%
CSCO	Buy	CISCO SYS INC COM	$23,584,000	+10.1%	701,286	+2.5%	1.32%	+6.0%
EPC	Buy	EDGEWELL PERS CARE CO COM	$23,338,000	+103.3%	320,715	+112.4%	1.31%	+95.8%
PWR	Buy	QUANTA SVCS INC COM	$23,182,000	+14.4%	620,346	+0.8%	1.30%	+10.2%
RDN	Sell	RADIAN GROUP INC COM	$23,168,000	-0.1%	1,239,573	-12.6%	1.30%	-3.9%
ONB	Buy	OLD NATL BANCORP IND COM	$22,533,000	+6.2%	1,231,297	+0.1%	1.26%	+2.2%
CTBI	Buy	COMMUNITY TR BANCORP INC COM	$22,468,000	+15.4%	483,187	+8.6%	1.26%	+11.1%
MET	Buy	METLIFE INC COM	$22,363,000	-1.9%	430,470	+3.7%	1.25%	-5.6%
IVZ	Buy	INVESCO LTD SHS	$22,141,000	+0.8%	631,884	+1.3%	1.24%	-3.0%
FULT	Buy	FULTON FINL CORP PA COM	$21,916,000	-0.2%	1,168,856	+1.1%	1.23%	-3.9%
EE	Buy	EL PASO ELEC CO COM NEW	$21,766,000	+8.1%	393,946	+1.1%	1.22%	+4.0%
EMN	Sell	EASTMAN CHEM CO COM	$21,549,000	+6.6%	238,139	-1.0%	1.21%	+2.6%
HNI	Buy	HNI CORP COM	$21,383,000	+27.1%	515,625	+22.2%	1.20%	+22.4%
PFS	Buy	PROVIDENT FINL SVCS INC COM	$21,280,000	+6.2%	797,900	+1.1%	1.19%	+2.2%
MMSI	Buy	MERIT MED SYS INC COM	$20,879,000	+12.1%	493,019	+1.0%	1.17%	+8.0%
SERV	Sell	SERVICEMASTER GLOBAL HLDGS INC	$20,690,000	-1.8%	442,754	-17.6%	1.16%	-5.5%
DRQ	Buy	DRIL-QUIP INC COM	$20,653,000	-4.9%	467,799	+5.1%	1.16%	-8.4%
OEC	Buy	ORION ENGINEERED CARBONS S A C	$20,494,000	+14.3%	912,894	+1.5%	1.15%	+10.0%
ABM	Buy	ABM INDS INC COM	$20,466,000	+67.3%	490,663	+66.5%	1.15%	+61.2%
LM	New	LEGG MASON INC COM	$20,091,000	–	511,081	–	1.12%	–
ASB	Buy	ASSOCIATED BANC CORP COM	$19,813,000	-2.7%	817,019	+1.1%	1.11%	-6.3%
IPGP	Sell	IPG PHOTONICS CORP COM	$19,629,000	-31.1%	106,066	-46.0%	1.10%	-33.6%
MLI	Buy	MUELLER INDS INC COM	$19,613,000	+16.1%	561,163	+1.1%	1.10%	+11.8%
VVC	Buy	VECTREN CORP COM	$19,590,000	+13.6%	297,862	+0.9%	1.10%	+9.4%
FMBI	Buy	FIRST MIDWEST BANCORP DEL COM	$19,330,000	+0.9%	825,369	+0.5%	1.08%	-2.8%
CBPX	Buy	CONTINENTAL BLDG PRODS INC COM	$19,310,000	+12.6%	742,680	+0.9%	1.08%	+8.4%
NTCT	Buy	NETSCOUT SYS INC COM	$19,034,000	-5.0%	588,369	+1.1%	1.06%	-8.5%
JPM	Sell	JPMORGAN CHASE & CO COM	$19,000,000	+2.6%	198,929	-1.8%	1.06%	-1.2%
FOX	Buy	TWENTY FIRST CENTY FOX INC CL	$18,994,000	-3.0%	736,468	+4.9%	1.06%	-6.6%
KALU	Buy	KAISER ALUMINUM CORP COM PAR $	$18,639,000	+18.0%	180,711	+1.3%	1.04%	+13.6%
GBX	Buy	GREENBRIER COS INC COM	$18,507,000	+15.7%	384,371	+11.1%	1.04%	+11.4%
CLNS	Buy	COLONY NORTHSTAR INC CL A COM	$18,484,000	-9.0%	1,471,625	+2.1%	1.04%	-12.4%
HT	Buy	HERSHA HOSPITALITY TR PR SHS B	$18,338,000	+1.8%	982,225	+0.9%	1.03%	-2.0%
NCI	Buy	NAVIGANT CONSULTING INC COM	$17,949,000	+15.7%	1,060,793	+35.2%	1.00%	+11.4%
RICE	Buy	RICE ENERGY INC COM	$17,929,000	+9.7%	619,518	+0.9%	1.00%	+5.7%
ABT	Sell	ABBOTT LABS COM	$17,869,000	+7.9%	334,871	-1.7%	1.00%	+3.8%
SNN	Sell	SMITH & NEPHEW PLC SPDN ADR NE	$17,823,000	+2.8%	489,652	-1.6%	1.00%	-1.0%
SCSS	Sell	SELECT COMFORT CORP COM	$17,787,000	-13.1%	572,850	-0.6%	1.00%	-16.3%
FWRD	Buy	FORWARD AIR CORP COM	$17,549,000	+8.6%	306,647	+1.1%	0.98%	+4.5%
HWC	Sell	HANCOCK HLDG CO COM	$17,491,000	-20.4%	361,005	-19.5%	0.98%	-23.3%
ASGN	Buy	ON ASSIGNMENT INC COM	$17,391,000	+42.3%	323,972	+43.5%	0.97%	+36.8%
HMN	Buy	HORACE MANN EDUCATORS CORP NEW	$17,338,000	+5.2%	440,619	+1.1%	0.97%	+1.4%
LHCG	Buy	LHC GROUP INC COM	$17,325,000	+437.5%	244,295	+414.6%	0.97%	+418.7%
POL	Buy	POLYONE CORP COM	$17,335,000	+12.1%	433,060	+8.5%	0.97%	+7.9%
COG	Buy	CABOT OIL & GAS CORP COM	$17,048,000	+13.5%	637,320	+6.4%	0.95%	+9.3%
TTMI	Buy	TTM TECHNOLOGIES INC COM	$16,629,000	+7.0%	1,081,895	+20.8%	0.93%	+3.0%
CUZ	Buy	COUSINS PPTYS INC COM	$16,409,000	+7.3%	1,756,879	+0.9%	0.92%	+3.4%
ODFL	Sell	OLD DOMINION FGHT LINES INC CO	$16,135,000	-13.2%	146,537	-24.9%	0.90%	-16.4%
SU	Buy	SUNCOR ENERGY INC NEW COM	$16,115,000	+47.5%	460,028	+22.9%	0.90%	+42.0%
BKD	Buy	BROOKDALE SR LIVING INC COM	$16,113,000	-25.2%	1,520,084	+3.8%	0.90%	-28.0%
KRG	Buy	KITE RLTY GROUP TR COM NEW	$16,067,000	+7.9%	793,429	+0.9%	0.90%	+3.8%
GHL	Buy	GREENHILL & CO INC COM	$15,950,000	+1.7%	960,820	+23.1%	0.89%	-2.1%
PNC	Sell	PNC FINL SVCS GROUP INC COM	$15,648,000	+4.9%	116,111	-2.8%	0.88%	+1.0%
ADI	Sell	ANALOG DEVICES INC COM	$15,556,000	+8.8%	180,524	-1.8%	0.87%	+4.8%
WPX	Buy	WPX ENERGY INC COM	$15,485,000	+44.1%	1,346,522	+21.1%	0.87%	+38.7%
CTB	Buy	COOPER TIRE & RUBR CO COM	$15,495,000	+12.7%	414,312	+8.8%	0.87%	+8.5%
BRSS	Sell	GLOBAL BRASS & COPPR HLDGS INC	$15,312,000	-6.4%	453,009	-15.4%	0.86%	-9.9%
CNO	Buy	CNO FINL GROUP INC COM	$15,141,000	+12.8%	648,734	+0.9%	0.85%	+8.7%
RNR	Sell	RENAISSANCERE HOLDINGS LTD COM	$15,158,000	-4.5%	112,163	-1.8%	0.85%	-8.1%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$15,072,000	-12.4%	132,189	-16.2%	0.84%	-15.7%
NOV	Buy	NATIONAL OILWELL VARCO INC COM	$14,789,000	+13.7%	413,897	+4.8%	0.83%	+9.5%
STI	Sell	SUNTRUST BKS INC COM	$14,518,000	+3.6%	242,893	-1.7%	0.81%	-0.2%
CBF	Sell	CAPITAL BK FINL CORP CL A COM	$14,336,000	+7.1%	349,240	-0.6%	0.80%	+3.1%
POR	Buy	PORTLAND GEN ELEC CO COM NEW	$14,158,000	+0.8%	310,208	+0.9%	0.79%	-2.9%
GPS	New	GAP INC DEL COM	$13,824,000	–	468,126	–	0.77%	–
CAL	New	CALERES INC COM	$13,794,000	–	451,981	–	0.77%	–
ATKR	Buy	ATKORE INTL GROUP INC COM	$13,760,000	+17.9%	705,283	+36.3%	0.77%	+13.4%
CIT	Sell	CIT GROUP INC COM NEW	$13,497,000	-1.5%	275,170	-2.2%	0.76%	-5.1%
OC	Sell	OWENS CORNING NEW COM	$13,196,000	+2.4%	170,607	-11.4%	0.74%	-1.3%
XEL	Sell	XCEL ENERGY INC COM	$12,684,000	+1.4%	268,054	-1.7%	0.71%	-2.3%
UNP	Sell	UNION PAC CORP COM	$12,285,000	+4.7%	105,933	-1.6%	0.69%	+0.9%
AGCO	Sell	AGCO CORP COM	$12,089,000	-0.7%	163,879	-9.3%	0.68%	-4.4%
SJM	New	SMUCKER J M CO COM NEW	$12,038,000	–	114,725	–	0.67%	–
RBC	Sell	REGAL BELOIT CORP COM	$11,643,000	-16.3%	147,375	-13.6%	0.65%	-19.4%
MAS	New	MASCO CORP COM	$11,587,000	–	297,036	–	0.65%	–
WSBC	Buy	WESBANCO INC COM	$11,470,000	+4.8%	279,625	+1.1%	0.64%	+0.9%
WAFD	New	WASHINGTON FED INC COM	$11,185,000	–	332,393	–	0.63%	–
RF	Sell	REGIONS FINL CORP NEW COM	$10,960,000	+2.3%	719,663	-1.7%	0.61%	-1.6%
HLS	New	HEALTHSOUTH CORP COM NEW	$10,334,000	–	222,958	–	0.58%	–
GME	Buy	GAMESTOP CORP NEW CL A	$9,430,000	-2.7%	456,424	+1.7%	0.53%	-6.4%
DECK	Sell	DECKERS OUTDOOR CORP COM	$9,387,000	-30.7%	137,213	-30.9%	0.52%	-33.4%
EIX	Sell	EDISON INTL COM	$8,639,000	-23.2%	111,943	-22.2%	0.48%	-26.0%
LPT	Sell	LIBERTY PPTY TR SH BEN INT	$8,446,000	-0.6%	205,687	-1.5%	0.47%	-4.3%
WSM	New	WILLIAMS SONOMA INC COM	$8,196,000	–	164,372	–	0.46%	–
ARCO	New	ARCOS DORADOS HOLDINGS INC SHS	$6,567,000	–	653,415	–	0.37%	–
PLPC	Buy	PREFORMED LINE PRODS CO COM	$5,689,000	+49.2%	84,532	+2.9%	0.32%	+43.2%
ARKR	Sell	ARK RESTAURANTS CORP COM	$4,983,000	-0.6%	204,480	-1.1%	0.28%	-4.1%
TRNS	Sell	TRANSCAT INC COM	$4,411,000	+11.2%	325,510	-0.3%	0.25%	+6.9%
RGCO	Buy	RGC RES INC COM	$4,008,000	+1.2%	140,279	+0.3%	0.22%	-2.6%
CTT	Buy	CATCHMARK TIMBER TR INC CL A	$3,879,000	+11.2%	307,619	+0.3%	0.22%	+6.9%
BHF	New	BRIGHTHOUSE FINL INC COM	$3,760,000	–	61,837	–	0.21%	–
HURC	Sell	HURCO COMPANIES INC COM	$3,697,000	+19.5%	88,869	-0.2%	0.21%	+15.0%
CMT	Buy	CORE MOLDING TECHNOLOGIES INC	$3,607,000	+47.0%	164,382	+44.8%	0.20%	+41.3%
CIO	Buy	CITY OFFICE REIT INC COM	$3,562,000	+25.5%	258,709	+15.8%	0.20%	+20.6%
NR	Buy	NEWPARK RES INC COM PAR $.01NE	$3,445,000	+36.3%	344,488	+0.2%	0.19%	+31.3%
STRL	Sell	STERLING CONSTRUCTION CO INC C	$3,282,000	-27.5%	215,525	-37.7%	0.18%	-30.0%
MRTN	Buy	MARTEN TRANS LTD COM	$3,290,000	+20.9%	160,110	+61.2%	0.18%	+16.5%
CUTR	Sell	CUTERA INC COM	$3,157,000	-33.5%	76,340	-58.3%	0.18%	-35.9%
SP	Buy	SP PLUS CORP COM	$3,062,000	+29.8%	77,512	+0.4%	0.17%	+24.8%
HNH	Sell	HANDY & HARMAN LTD COM	$2,990,000	-31.2%	91,874	-33.7%	0.17%	-34.0%
RLJ	New	RLJ LODGING TR COM	$2,970,000	–	134,992	–	0.17%	–
RPT	Buy	RAMCO-GERSHENSON PPTYS TR COM	$2,946,000	+1.1%	226,416	+0.3%	0.16%	-2.4%
FRAN	Buy	FRANCESCAS HLDGS CORP COM	$2,956,000	-6.9%	401,671	+38.3%	0.16%	-10.8%
MRLN	Buy	MARLIN BUSINESS SVCS CORP COM	$2,849,000	+14.6%	99,081	+0.3%	0.16%	+10.4%
ARTNA	Buy	ARTESIAN RESOURCES CORP CL A	$2,839,000	+0.7%	75,110	+0.3%	0.16%	-3.0%
AFAM	Buy	ALMOST FAMILY INC COM	$2,638,000	+2.2%	49,126	+17.3%	0.15%	-1.3%
MCS	Buy	MARCUS CORP COM	$2,610,000	+29.0%	94,215	+40.6%	0.15%	+23.7%
BH	Sell	BIGLARI HLDGS INC COM	$2,567,000	-20.0%	7,703	-4.1%	0.14%	-23.0%
CBZ	Buy	CBIZ INC COM	$2,484,000	+26.2%	152,857	+16.5%	0.14%	+21.9%
OKSB	Buy	SOUTHWEST BANCORP INC OKLA COM	$2,441,000	+8.4%	88,588	+0.5%	0.14%	+4.6%
REI	Sell	RING ENERGY INC COM	$2,431,000	+11.3%	167,779	-0.2%	0.14%	+7.1%
FBNC	Sell	FIRST BANCORP N C COM	$2,411,000	+9.9%	70,079	-0.1%	0.14%	+6.3%
EMCI	Buy	EMC INS GROUP INC COM	$2,403,000	+1.7%	85,378	+0.4%	0.14%	-1.5%
KLIC	Sell	KULICKE & SOFFA INDS INC COM	$2,420,000	+13.3%	112,180	-0.1%	0.14%	+8.9%
FCBC	Buy	FIRST CMNTY BANCSHARES INC NEV	$2,251,000	+6.7%	77,316	+0.3%	0.13%	+2.4%
FLY	Buy	FLY LEASING LTD SPONSORED ADR	$2,238,000	+4.5%	159,613	+0.3%	0.12%	+0.8%
NKSH	Buy	NATIONAL BANKSHARES INC VA COM	$2,225,000	+11.1%	49,493	+0.8%	0.12%	+7.8%
NP	Buy	NEENAH PAPER INC COM	$2,165,000	+6.9%	25,309	+0.3%	0.12%	+2.5%
USLM	Buy	UNITED STATES LIME & MINERALS	$2,146,000	+7.5%	25,547	+0.5%	0.12%	+3.4%
PSTB	Buy	PARK STERLING CORP COM	$2,107,000	+4.9%	169,638	+0.3%	0.12%	+0.9%
BIF	Sell	BOULDER GROWTH & INCOME FD INC	$2,098,000	+3.4%	205,705	-1.6%	0.12%	-0.8%
STAR	New	ISTAR INC COM	$2,074,000	–	175,728	–	0.12%	–
RTEC	Buy	RUDOLPH TECHNOLOGIES INC COM	$2,080,000	+15.4%	79,101	+0.3%	0.12%	+10.5%
AMSWA	Buy	AMERICAN SOFTWARE INC CL A	$2,051,000	+10.7%	180,570	+0.3%	0.12%	+6.5%
JOUT	Sell	JOHNSON OUTDOORS INC CL A	$2,036,000	+33.6%	27,788	-12.1%	0.11%	+28.1%
KE	Buy	KIMBALL ELECTRONICS INC COM	$2,027,000	+20.4%	93,610	+0.4%	0.11%	+15.3%
KBAL	New	KIMBALL INTL INC CL B	$2,015,000	–	101,945	–	0.11%	–
IPHS	Buy	INNOPHOS HOLDINGS INC COM	$1,959,000	+12.5%	39,823	+0.2%	0.11%	+8.9%
SD	New	SANDRIDGE ENERGY INC COM NEW	$1,951,000	–	97,106	–	0.11%	–
GPK	Sell	GRAPHIC PACKAGING HLDG CO COM	$1,934,000	+0.2%	138,607	-1.0%	0.11%	-3.6%
MSFG	Sell	MAINSOURCE FINANCIAL GP INC CO	$1,918,000	-25.0%	53,491	-30.0%	0.11%	-28.2%
WNEB	Sell	WESTERN NEW ENG BANCORP INC CO	$1,890,000	+7.3%	173,373	-0.1%	0.11%	+3.9%
NRIM	Buy	NORTHRIM BANCORP INC COM	$1,840,000	+15.4%	52,655	+0.4%	0.10%	+10.8%
NLS	Buy	NAUTILUS INC COM	$1,845,000	+4.9%	109,185	+18.8%	0.10%	+1.0%
CVCO	Buy	CAVCO INDS INC DEL COM	$1,743,000	+14.1%	11,816	+0.3%	0.10%	+10.1%
SPLP	Sell	STEEL PARTNERS HLDGS L P LTD P	$1,720,000	-2.4%	93,739	-1.1%	0.10%	-5.9%
HTBI	Sell	HOMETRUST BANCSHARES INC COM	$1,608,000	+5.0%	62,680	-0.1%	0.09%	+1.1%
BFIN	Sell	BANKFINANCIAL CORP COM	$1,596,000	+6.4%	100,447	-0.1%	0.09%	+2.3%
XLF	Sell	SELECT SECTOR SPDR TR SBI INT-	$1,490,000	+3.2%	57,634	-1.6%	0.08%	-1.2%
ADC	Buy	AGREE REALTY CORP COM	$1,473,000	+7.3%	30,015	+0.3%	0.08%	+2.5%
FTAI	Sell	FORTRESS TRANS INFRST INVS LLC	$1,458,000	+11.5%	80,796	-1.6%	0.08%	+7.9%
COBZ	Sell	COBIZ FINANCIAL INC COM	$1,420,000	+12.8%	72,282	-0.1%	0.08%	+8.2%
PCBK	Sell	PACIFIC CONTINENTAL CORP COM	$1,160,000	-10.6%	43,042	-15.3%	0.06%	-13.3%
ERF	Buy	ENERPLUS CORP COM	$1,109,000	+24.5%	112,312	+2.4%	0.06%	+19.2%
WPG	Sell	WASHINGTON PRIME GROUP NEW COM	$824,000	-2.0%	98,879	-1.6%	0.05%	-6.1%
CPSI	New	COMPUTER PROGRAMS & SYS INC CO	$790,000	–	26,737	–	0.04%	–
CCBG	New	CAPITAL CITY BK GROUP INC COM	$520,000	–	21,661	–	0.03%	–
TSN	Sell	TYSON FOODS INC CL A	$503,000	+11.8%	7,134	-0.6%	0.03%	+7.7%
LNC	New	LINCOLN NATL CORP IND COM	$484,000	–	6,586	–	0.03%	–
RGC	Buy	REGAL ENTMT GROUP CL A	$461,000	+14.1%	28,836	+45.9%	0.03%	+13.0%
CFG	Sell	CITIZENS FINL GROUP INC COM	$463,000	+5.5%	12,233	-0.6%	0.03%	0.0%
NTRS	Sell	NORTHERN TR CORP COM	$446,000	-21.9%	4,847	-17.5%	0.02%	-24.2%
WMK	Sell	WEIS MKTS INC COM	$429,000	-96.4%	9,854	-95.9%	0.02%	-96.5%
WHR	Sell	WHIRLPOOL CORP COM	$437,000	-4.4%	2,369	-0.7%	0.02%	-11.1%
PNM	Sell	PNM RES INC COM	$420,000	+4.7%	10,428	-0.6%	0.02%	+4.3%
CW	New	CURTISS WRIGHT CORP COM	$395,000	–	3,779	–	0.02%	–
TSS	Sell	TOTAL SYS SVCS INC COM	$358,000	+11.9%	5,465	-0.7%	0.02%	+5.3%
ED	Sell	CONSOLIDATED EDISON INC COM	$360,000	-0.8%	4,458	-0.6%	0.02%	-4.8%
RS	Sell	RELIANCE STEEL & ALUMINUM CO C	$289,000	+4.0%	3,790	-0.6%	0.02%	0.0%
BRX	Sell	BRIXMOR PPTY GROUP INC COM	$270,000	+4.7%	14,347	-0.5%	0.02%	0.0%
HST	Sell	HOST HOTELS & RESORTS INC COM	$238,000	+0.4%	12,897	-0.6%	0.01%	-7.1%
BBY	Exit	BEST BUY INC COM	$0	–	-3,763	–	-0.01%	–
PTEN	Exit	PATTERSON UTI ENERGY INC COM	$0	–	-14,098	–	-0.02%	–
WOOF	Exit	VCA INC COM	$0	–	-3,310	–	-0.02%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD S	$0	–	-8,249	–	-0.02%	–
VRTS	Exit	VIRTUS INVT PARTNERS INC COM	$0	–	-10,574	–	-0.07%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-58,874	–	-0.08%	–
TESO	Exit	TESCO CORP COM	$0	–	-337,641	–	-0.09%	–
NXPI	Exit	NXP SEMICONDUCTORS N V COM	$0	–	-17,095	–	-0.11%	–
NCIT	Exit	NCI INC CL A	$0	–	-89,731	–	-0.11%	–
ARIS	Exit	ARI NETWORK SVCS INC COM NEW	$0	–	-289,478	–	-0.12%	–
HBP	Exit	HUTTIG BLDG PRODS INC COM	$0	–	-293,272	–	-0.12%	–
FCH	Exit	FELCOR LODGING TR INC COM	$0	–	-464,670	–	-0.20%	–
INVH	Exit	INVITATION HOMES INC COM	$0	–	-232,128	–	-0.29%	–
NUTR	Exit	NUTRACEUTICAL INTL CORP COM	$0	–	-164,597	–	-0.40%	–
PTC	Exit	PTC INC COM	$0	–	-153,480	–	-0.49%	–
IPG	Exit	INTERPUBLIC GROUP COS INC COM	$0	–	-346,721	–	-0.50%	–
QEP	Exit	QEP RES INC COM	$0	–	-935,461	–	-0.55%	–
ELOS	Exit	SYNERON MEDICAL LTD ORD SHS	$0	–	-879,740	–	-0.56%	–
THO	Exit	THOR INDS INC COM	$0	–	-104,548	–	-0.64%	–
OMC	Exit	OMNICOM GROUP INC COM	$0	–	-137,003	–	-0.66%	–
DFODQ	Exit	DEAN FOODS CO NEW COM NEW	$0	–	-758,846	–	-0.75%	–
EME	Exit	EMCOR GROUP INC COM	$0	–	-244,811	–	-0.93%	–
DKS	Exit	DICKS SPORTING GOODS INC COM	$0	–	-454,309	–	-1.05%	–
PRXL	Exit	PAREXEL INTL CORP COM	$0	–	-224,149	–	-1.13%	–
PDS	Exit	PRECISION DRILLING CORP COM 20	$0	–	-5,758,072	–	-1.14%	–

Q2 2017

			Value		Shares		↓ Weighting
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$28,598,000	–	1,631,358	–	1.66%	–
IPGP	New	IPG PHOTONICS CORP COM	$28,477,000	–	196,256	–	1.66%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$27,225,000	–	2,259,340	–	1.58%	–
PRU	New	PRUDENTIAL FINL INC COM	$26,210,000	–	242,367	–	1.52%	–
EIG	New	EMPLOYERS HOLDINGS INC COM	$26,183,000	–	618,992	–	1.52%	–
SASR	New	SANDY SPRING BANCORP INC COM	$24,573,000	–	604,344	–	1.43%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$24,163,000	–	1,268,387	–	1.40%	–
RDN	New	RADIAN GROUP INC COM	$23,200,000	–	1,418,952	–	1.35%	–
MET	New	METLIFE INC COM	$22,807,000	–	415,122	–	1.33%	–
HWC	New	HANCOCK HLDG CO COM	$21,963,000	–	448,234	–	1.28%	–
IVZ	New	INVESCO LTD SHS	$21,959,000	–	624,014	–	1.28%	–
FULT	New	FULTON FINL CORP PA COM	$21,962,000	–	1,155,900	–	1.28%	–
DRQ	New	DRIL-QUIP INC COM	$21,714,000	–	444,949	–	1.26%	–
BKD	New	BROOKDALE SR LIVING INC COM	$21,552,000	–	1,465,108	–	1.25%	–
CSCO	New	CISCO SYS INC COM	$21,420,000	–	684,341	–	1.24%	–
ONB	New	OLD NATL BANCORP IND COM	$21,219,000	–	1,230,108	–	1.23%	–
SERV	New	SERVICEMASTER GLOBAL HLDGS INC	$21,064,000	–	537,480	–	1.22%	–
SCSS	New	SELECT COMFORT CORP COM	$20,462,000	–	576,557	–	1.19%	–
ASB	New	ASSOCIATED BANC CORP COM	$20,372,000	–	808,428	–	1.18%	–
CLNS	New	COLONY NORTHSTAR INC CL A COM	$20,312,000	–	1,441,609	–	1.18%	–
PWR	New	QUANTA SVCS INC COM	$20,268,000	–	615,660	–	1.18%	–
EMN	New	EASTMAN CHEM CO COM	$20,208,000	–	240,602	–	1.18%	–
EE	New	EL PASO ELEC CO COM NEW	$20,143,000	–	389,610	–	1.17%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$20,039,000	–	789,558	–	1.16%	–
NTCT	New	NETSCOUT SYS INC COM	$20,028,000	–	582,214	–	1.16%	–
TER	New	TERADYNE INC COM	$19,931,000	–	663,705	–	1.16%	–
PDS	New	PRECISION DRILLING CORP COM 20	$19,635,000	–	5,758,072	–	1.14%	–
FOX	New	TWENTY FIRST CENTY FOX INC CL	$19,572,000	–	702,255	–	1.14%	–
PRXL	New	PAREXEL INTL CORP COM	$19,481,000	–	224,149	–	1.13%	–
CTBI	New	COMMUNITY TR BANCORP INC COM	$19,474,000	–	445,111	–	1.13%	–
FMBI	New	FIRST MIDWEST BANCORP DEL COM	$19,149,000	–	821,497	–	1.11%	–
MMSI	New	MERIT MED SYS INC COM	$18,619,000	–	488,056	–	1.08%	–
ODFL	New	OLD DOMINION FGHT LINES INC CO	$18,580,000	–	195,087	–	1.08%	–
JPM	New	JPMORGAN CHASE & CO COM	$18,521,000	–	202,632	–	1.08%	–
DKS	New	DICKS SPORTING GOODS INC COM	$18,095,000	–	454,309	–	1.05%	–
HT	New	HERSHA HOSPITALITY TR PR SHS B	$18,017,000	–	973,383	–	1.05%	–
OEC	New	ORION ENGINEERED CARBONS S A C	$17,937,000	–	899,074	–	1.04%	–
SNN	New	SMITH & NEPHEW PLC SPDN ADR NE	$17,344,000	–	497,676	–	1.01%	–
VVC	New	VECTREN CORP COM	$17,250,000	–	295,176	–	1.00%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$17,215,000	–	157,823	–	1.00%	–
CBPX	New	CONTINENTAL BLDG PRODS INC COM	$17,147,000	–	735,907	–	1.00%	–
MLI	New	MUELLER INDS INC COM	$16,898,000	–	554,931	–	0.98%	–
HNI	New	HNI CORP COM	$16,818,000	–	421,823	–	0.98%	–
ABT	New	ABBOTT LABS COM	$16,558,000	–	340,629	–	0.96%	–
HMN	New	HORACE MANN EDUCATORS CORP NEW	$16,479,000	–	435,964	–	0.96%	–
BRSS	New	GLOBAL BRASS & COPPR HLDGS INC	$16,352,000	–	535,247	–	0.95%	–
RICE	New	RICE ENERGY INC COM	$16,348,000	–	613,901	–	0.95%	–
FWRD	New	FORWARD AIR CORP COM	$16,164,000	–	303,370	–	0.94%	–
EME	New	EMCOR GROUP INC COM	$16,006,000	–	244,811	–	0.93%	–
GBX	New	GREENBRIER COS INC COM	$16,001,000	–	345,972	–	0.93%	–
RNR	New	RENAISSANCERE HOLDINGS LTD COM	$15,876,000	–	114,175	–	0.92%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$15,796,000	–	178,446	–	0.92%	–
GHL	New	GREENHILL & CO INC COM	$15,688,000	–	780,490	–	0.91%	–
TTMI	New	TTM TECHNOLOGIES INC COM	$15,548,000	–	895,639	–	0.90%	–
NCI	New	NAVIGANT CONSULTING INC COM	$15,509,000	–	784,881	–	0.90%	–
POL	New	POLYONE CORP COM	$15,469,000	–	399,301	–	0.90%	–
CUZ	New	COUSINS PPTYS INC COM	$15,299,000	–	1,740,464	–	0.89%	–
COG	New	CABOT OIL & GAS CORP COM	$15,016,000	–	598,736	–	0.87%	–
PNC	New	PNC FINL SVCS GROUP INC COM	$14,919,000	–	119,475	–	0.87%	–
KRG	New	KITE RLTY GROUP TR COM NEW	$14,890,000	–	786,596	–	0.87%	–
ADI	New	ANALOG DEVICES INC COM	$14,298,000	–	183,778	–	0.83%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$14,052,000	–	307,542	–	0.82%	–
STI	New	SUNTRUST BKS INC COM	$14,018,000	–	247,139	–	0.82%	–
RBC	New	REGAL BELOIT CORP COM	$13,917,000	–	170,662	–	0.81%	–
CTB	New	COOPER TIRE & RUBR CO COM	$13,749,000	–	380,868	–	0.80%	–
CIT	New	CIT GROUP INC COM NEW	$13,703,000	–	281,378	–	0.80%	–
DECK	New	DECKERS OUTDOOR CORP COM	$13,554,000	–	198,563	–	0.79%	–
CNO	New	CNO FINL GROUP INC COM	$13,421,000	–	642,747	–	0.78%	–
CBF	New	CAPITAL BK FINL CORP CL A COM	$13,387,000	–	351,372	–	0.78%	–
NOV	New	NATIONAL OILWELL VARCO INC COM	$13,010,000	–	394,969	–	0.76%	–
DFODQ	New	DEAN FOODS CO NEW COM NEW	$12,900,000	–	758,846	–	0.75%	–
OC	New	OWENS CORNING NEW COM	$12,888,000	–	192,591	–	0.75%	–
XEL	New	XCEL ENERGY INC COM	$12,505,000	–	272,563	–	0.73%	–
ABM	New	ABM INDS INC COM	$12,234,000	–	294,659	–	0.71%	–
ASGN	New	ON ASSIGNMENT INC COM	$12,223,000	–	225,727	–	0.71%	–
AGCO	New	AGCO CORP COM	$12,178,000	–	180,707	–	0.71%	–
WMK	New	WEIS MKTS INC COM	$11,784,000	–	241,881	–	0.68%	–
UNP	New	UNION PAC CORP COM	$11,728,000	–	107,684	–	0.68%	–
ATKR	New	ATKORE INTL GROUP INC COM	$11,672,000	–	517,587	–	0.68%	–
EPC	New	EDGEWELL PERS CARE CO COM	$11,477,000	–	150,969	–	0.67%	–
OMC	New	OMNICOM GROUP INC COM	$11,358,000	–	137,003	–	0.66%	–
EIX	New	EDISON INTL COM	$11,244,000	–	143,805	–	0.65%	–
WSBC	New	WESBANCO INC COM	$10,941,000	–	276,707	–	0.64%	–
THO	New	THOR INDS INC COM	$10,927,000	–	104,548	–	0.64%	–
SU	New	SUNCOR ENERGY INC NEW COM	$10,929,000	–	374,286	–	0.64%	–
WPX	New	WPX ENERGY INC COM	$10,744,000	–	1,112,207	–	0.62%	–
RF	New	REGIONS FINL CORP NEW COM	$10,716,000	–	731,961	–	0.62%	–
GME	New	GAMESTOP CORP NEW CL A	$9,695,000	–	448,654	–	0.56%	–
ELOS	New	SYNERON MEDICAL LTD ORD SHS	$9,633,000	–	879,740	–	0.56%	–
QEP	New	QEP RES INC COM	$9,448,000	–	935,461	–	0.55%	–
IPG	New	INTERPUBLIC GROUP COS INC COM	$8,529,000	–	346,721	–	0.50%	–
LPT	New	LIBERTY PPTY TR SH BEN INT	$8,500,000	–	208,800	–	0.49%	–
PTC	New	PTC INC COM	$8,460,000	–	153,480	–	0.49%	–
NUTR	New	NUTRACEUTICAL INTL CORP COM	$6,855,000	–	164,597	–	0.40%	–
INVH	New	INVITATION HOMES INC COM	$5,021,000	–	232,128	–	0.29%	–
ARKR	New	ARK RESTAURANTS CORP COM	$5,012,000	–	206,666	–	0.29%	–
CUTR	New	CUTERA INC COM	$4,747,000	–	183,268	–	0.28%	–
STRL	New	STERLING CONSTRUCTION CO INC C	$4,524,000	–	346,173	–	0.26%	–
HNH	New	HANDY & HARMAN LTD COM	$4,349,000	–	138,488	–	0.25%	–
TRNS	New	TRANSCAT INC COM	$3,965,000	–	326,362	–	0.23%	–
RGCO	New	RGC RES INC COM	$3,962,000	–	139,868	–	0.23%	–
PLPC	New	PREFORMED LINE PRODS CO COM	$3,814,000	–	82,160	–	0.22%	–
CTT	New	CATCHMARK TIMBER TR INC CL A	$3,488,000	–	306,802	–	0.20%	–
FCH	New	FELCOR LODGING TR INC COM	$3,350,000	–	464,670	–	0.20%	–
LHCG	New	LHC GROUP INC COM	$3,223,000	–	47,477	–	0.19%	–
BH	New	BIGLARI HLDGS INC COM	$3,210,000	–	8,029	–	0.19%	–
FRAN	New	FRANCESCAS HLDGS CORP COM	$3,176,000	–	290,333	–	0.18%	–
HURC	New	HURCO COMPANIES INC COM	$3,095,000	–	89,051	–	0.18%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR COM	$2,913,000	–	225,836	–	0.17%	–
CIO	New	CITY OFFICE REIT INC COM	$2,838,000	–	223,455	–	0.16%	–
ARTNA	New	ARTESIAN RESOURCES CORP CL A	$2,820,000	–	74,911	–	0.16%	–
MRTN	New	MARTEN TRANS LTD COM	$2,722,000	–	99,349	–	0.16%	–
AFAM	New	ALMOST FAMILY INC COM	$2,581,000	–	41,867	–	0.15%	–
MSFG	New	MAINSOURCE FINANCIAL GP INC CO	$2,559,000	–	76,376	–	0.15%	–
NR	New	NEWPARK RES INC COM PAR $.01NE	$2,527,000	–	343,847	–	0.15%	–
MRLN	New	MARLIN BUSINESS SVCS CORP COM	$2,485,000	–	98,799	–	0.14%	–
CMT	New	CORE MOLDING TECHNOLOGIES INC	$2,453,000	–	113,509	–	0.14%	–
SP	New	SP PLUS CORP COM	$2,359,000	–	77,217	–	0.14%	–
EMCI	New	EMC INS GROUP INC COM	$2,363,000	–	85,045	–	0.14%	–
OKSB	New	SOUTHWEST BANCORP INC OKLA COM	$2,252,000	–	88,145	–	0.13%	–
REI	New	RING ENERGY INC COM	$2,185,000	–	168,086	–	0.13%	–
FBNC	New	FIRST BANCORP N C COM	$2,193,000	–	70,154	–	0.13%	–
FLY	New	FLY LEASING LTD SPONSORED ADR	$2,141,000	–	159,183	–	0.12%	–
KLIC	New	KULICKE & SOFFA INDS INC COM	$2,136,000	–	112,315	–	0.12%	–
FCBC	New	FIRST CMNTY BANCSHARES INC NEV	$2,109,000	–	77,099	–	0.12%	–
HBP	New	HUTTIG BLDG PRODS INC COM	$2,056,000	–	293,272	–	0.12%	–
ARIS	New	ARI NETWORK SVCS INC COM NEW	$2,041,000	–	289,478	–	0.12%	–
MCS	New	MARCUS CORP COM	$2,024,000	–	67,016	–	0.12%	–
NP	New	NEENAH PAPER INC COM	$2,025,000	–	25,230	–	0.12%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$2,029,000	–	208,982	–	0.12%	–
PSTB	New	PARK STERLING CORP COM	$2,009,000	–	169,143	–	0.12%	–
USLM	New	UNITED STATES LIME & MINERALS	$1,996,000	–	25,431	–	0.12%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$2,002,000	–	49,078	–	0.12%	–
CBZ	New	CBIZ INC COM	$1,968,000	–	131,193	–	0.11%	–
GPK	New	GRAPHIC PACKAGING HLDG CO COM	$1,930,000	–	140,052	–	0.11%	–
NCIT	New	NCI INC CL A	$1,893,000	–	89,731	–	0.11%	–
NXPI	New	NXP SEMICONDUCTORS N V COM	$1,871,000	–	17,095	–	0.11%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$1,853,000	–	180,066	–	0.11%	–
RTEC	New	RUDOLPH TECHNOLOGIES INC COM	$1,802,000	–	78,854	–	0.10%	–
NLS	New	NAUTILUS INC COM	$1,759,000	–	91,877	–	0.10%	–
SPLP	New	STEEL PARTNERS HLDGS L P LTD P	$1,763,000	–	94,809	–	0.10%	–
WNEB	New	WESTERN NEW ENG BANCORP INC CO	$1,761,000	–	173,518	–	0.10%	–
IPHS	New	INNOPHOS HOLDINGS INC COM	$1,742,000	–	39,726	–	0.10%	–
KE	New	KIMBALL ELECTRONICS INC COM	$1,683,000	–	93,261	–	0.10%	–
NRIM	New	NORTHRIM BANCORP INC COM	$1,594,000	–	52,445	–	0.09%	–
JOUT	New	JOHNSON OUTDOORS INC CL A	$1,524,000	–	31,622	–	0.09%	–
CVCO	New	CAVCO INDS INC DEL COM	$1,528,000	–	11,785	–	0.09%	–
HTBI	New	HOMETRUST BANCSHARES INC COM	$1,531,000	–	62,742	–	0.09%	–
BFIN	New	BANKFINANCIAL CORP COM	$1,500,000	–	100,566	–	0.09%	–
TESO	New	TESCO CORP COM	$1,503,000	–	337,641	–	0.09%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$1,463,000	–	58,874	–	0.08%	–
XLF	New	SELECT SECTOR SPDR TR SBI INT-	$1,444,000	–	58,552	–	0.08%	–
ADC	New	AGREE REALTY CORP COM	$1,373,000	–	29,935	–	0.08%	–
FTAI	New	FORTRESS TRANS INFRST INVS LLC	$1,308,000	–	82,083	–	0.08%	–
PCBK	New	PACIFIC CONTINENTAL CORP COM	$1,298,000	–	50,816	–	0.08%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTNS	$1,276,000	–	100,000	–	0.07%	–
COBZ	New	COBIZ FINANCIAL INC COM	$1,259,000	–	72,357	–	0.07%	–
VRTS	New	VIRTUS INVT PARTNERS INC COM	$1,173,000	–	10,574	–	0.07%	–
ERF	New	ENERPLUS CORP COM	$891,000	–	109,713	–	0.05%	–
WPG	New	WASHINGTON PRIME GROUP NEW COM	$841,000	–	100,437	–	0.05%	–
NTRS	New	NORTHERN TR CORP COM	$571,000	–	5,875	–	0.03%	–
WHR	New	WHIRLPOOL CORP COM	$457,000	–	2,385	–	0.03%	–
CFG	New	CITIZENS FINL GROUP INC COM	$439,000	–	12,311	–	0.03%	–
TSN	New	TYSON FOODS INC CL A	$450,000	–	7,178	–	0.03%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD S	$411,000	–	8,249	–	0.02%	–
RGC	New	REGAL ENTMT GROUP CL A	$404,000	–	19,763	–	0.02%	–
PNM	New	PNM RES INC COM	$401,000	–	10,495	–	0.02%	–
ED	New	CONSOLIDATED EDISON INC COM	$363,000	–	4,486	–	0.02%	–
TSS	New	TOTAL SYS SVCS INC COM	$320,000	–	5,501	–	0.02%	–
WOOF	New	VCA INC COM	$306,000	–	3,310	–	0.02%	–
PTEN	New	PATTERSON UTI ENERGY INC COM	$285,000	–	14,098	–	0.02%	–
RS	New	RELIANCE STEEL & ALUMINUM CO C	$278,000	–	3,814	–	0.02%	–
BRX	New	BRIXMOR PPTY GROUP INC COM	$258,000	–	14,422	–	0.02%	–
HST	New	HOST HOTELS & RESORTS INC COM	$237,000	–	12,976	–	0.01%	–
BBY	New	BEST BUY INC COM	$216,000	–	3,763	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-5,498	–	-0.02%	–
AGCO	Exit	AGCO CORP COM	$0	–	-5,644	–	-0.02%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO C	$0	–	-3,809	–	-0.02%	–
IPG	Exit	INTERPUBLIC GROUP COS INC COM	$0	–	-13,100	–	-0.02%	–
WHR	Exit	WHIRLPOOL CORP COM	$0	–	-1,936	–	-0.02%	–
DDR	Exit	DDR CORP COM	$0	–	-17,285	–	-0.02%	–
RGC	Exit	REGAL ENTMT GROUP CL A	$0	–	-14,010	–	-0.02%	–
PNM	Exit	PNM RES INC COM	$0	–	-10,459	–	-0.02%	–
EE	Exit	EL PASO ELEC CO COM NEW	$0	–	-7,516	–	-0.02%	–
NXPI	Exit	NXP SEMICONDUCTORS N V COM	$0	–	-3,455	–	-0.02%	–
WFM	Exit	WHOLE FOODS MKT INC COM	$0	–	-12,558	–	-0.02%	–
NTRS	Exit	NORTHERN TR CORP COM	$0	–	-5,693	–	-0.02%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD S	$0	–	-8,228	–	-0.02%	–
TXT	Exit	TEXTRON INC COM	$0	–	-9,672	–	-0.02%	–
FCEA	Exit	FOREST CITY RLTY TR INC COM CL	$0	–	-16,656	–	-0.02%	–
ED	Exit	CONSOLIDATED EDISON INC COM	$0	–	-5,290	–	-0.03%	–
WOOF	Exit	VCA INC COM	$0	–	-6,712	–	-0.03%	–
AXAS	Exit	ABRAXAS PETE CORP COM	$0	–	-384,529	–	-0.04%	–
COBZ	Exit	COBIZ FINANCIAL INC COM	$0	–	-72,790	–	-0.06%	–
HTBK	Exit	HERITAGE COMMERCE CORP COM	$0	–	-94,583	–	-0.07%	–
HTBI	Exit	HOMETRUST BANCSHARES INC COM	$0	–	-60,556	–	-0.07%	–
PCBK	Exit	PACIFIC CONTINENTAL CORP COM	$0	–	-66,923	–	-0.07%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-45,943	–	-0.08%	–
BBY	Exit	BEST BUY INC COM	$0	–	-31,138	–	-0.08%	–
RTEC	Exit	RUDOLPH TECHNOLOGIES INC COM	$0	–	-66,767	–	-0.08%	–
GSTCQ	Exit	GASTAR EXPL INC NEW COM	$0	–	-1,397,245	–	-0.08%	–
CBNK	Exit	CHICOPEE BANCORP INC COM	$0	–	-64,506	–	-0.08%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-95,513	–	-0.08%	–
BH	Exit	BIGLARI HLDGS INC COM	$0	–	-2,900	–	-0.08%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LP U	$0	–	-55,129	–	-0.08%	–
FBNC	Exit	FIRST BANCORP N C COM	$0	–	-67,693	–	-0.09%	–
CACB	Exit	CASCADE BANCORP COM NEW	$0	–	-223,460	–	-0.09%	–
USLM	Exit	UNITED STATES LIME & MINERALS	$0	–	-21,246	–	-0.09%	–
CHFN	Exit	CHARTER FINL CORP MD COM	$0	–	-110,869	–	-0.09%	–
HBP	Exit	HUTTIG BLDG PRODS INC COM	$0	–	-247,374	–	-0.09%	–
ARTNA	Exit	ARTESIAN RESOURCES CORP CL A	$0	–	-51,746	–	-0.10%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-181,437	–	-0.10%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-83,766	–	-0.10%	–
FCBC	Exit	FIRST CMNTY BANCSHARES INC NEV	$0	–	-63,698	–	-0.10%	–
STC	Exit	STEWART INFORMATION SVCS CORP	$0	–	-35,910	–	-0.10%	–
IXYS	Exit	IXYS CORP COM	$0	–	-133,650	–	-0.10%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-60,558	–	-0.11%	–
OKSB	Exit	SOUTHWEST BANCORP INC OKLA COM	$0	–	-86,417	–	-0.11%	–
GPK	Exit	GRAPHIC PACKAGING HLDG CO COM	$0	–	-117,281	–	-0.11%	–
LXFR	Exit	LUXFER HLDGS PLC SPONSORED ADR	$0	–	-142,711	–	-0.11%	–
MCS	Exit	MARCUS CORP COM	$0	–	-67,339	–	-0.11%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-153,682	–	-0.11%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-47,067	–	-0.11%	–
SP	Exit	SP PLUS CORP COM	$0	–	-68,220	–	-0.11%	–
KLIC	Exit	KULICKE & SOFFA INDS INC COM	$0	–	-135,401	–	-0.11%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-83,687	–	-0.11%	–
ICFI	Exit	ICF INTL INC COM	$0	–	-40,315	–	-0.12%	–
TRIB	Exit	TRINITY BIOTECH PLC SPON ADR N	$0	–	-134,894	–	-0.12%	–
MSFG	Exit	MAINSOURCE FINANCIAL GP INC CO	$0	–	-76,639	–	-0.12%	–
REI	Exit	RING ENERGY INC COM	$0	–	-176,612	–	-0.13%	–
TESO	Exit	TESCO CORP COM	$0	–	-245,011	–	-0.13%	–
NP	Exit	NEENAH PAPER INC COM	$0	–	-25,339	–	-0.13%	–
CBZ	Exit	CBIZ INC COM	$0	–	-179,589	–	-0.13%	–
RGCO	Exit	RGC RES INC COM	$0	–	-86,814	–	-0.13%	–
CVCO	Exit	CAVCO INDS INC DEL COM	$0	–	-20,816	–	-0.13%	–
RSO	Exit	RESOURCE CAP CORP COM NEW	$0	–	-163,992	–	-0.14%	–
OC	Exit	OWENS CORNING NEW COM	$0	–	-39,860	–	-0.14%	–
CRWS	Exit	CROWN CRAFTS INC COM	$0	–	-212,595	–	-0.14%	–
NR	Exit	NEWPARK RES INC COM PAR $.01NE	$0	–	-294,305	–	-0.14%	–
NCIT	Exit	NCI INC CL A	$0	–	-190,292	–	-0.14%	–
XLF	Exit	SELECT SECTOR SPDR TR SBI INT-	$0	–	-113,820	–	-0.14%	–
HURC	Exit	HURCO COMPANIES INC COM	$0	–	-78,250	–	-0.14%	–
HNH	Exit	HANDY & HARMAN LTD COM	$0	–	-119,821	–	-0.16%	–
LHCG	Exit	LHC GROUP INC COM	$0	–	-71,375	–	-0.17%	–
ADC	Exit	AGREE REALTY CORP COM	$0	–	-53,516	–	-0.17%	–
FCH	Exit	FELCOR LODGING TR INC COM	$0	–	-427,409	–	-0.18%	–
CCF	Exit	CHASE CORP COM	$0	–	-40,020	–	-0.18%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR COM	$0	–	-150,920	–	-0.18%	–
PSTB	Exit	PARK STERLING CORP COM	$0	–	-348,011	–	-0.18%	–
MRLN	Exit	MARLIN BUSINESS SVCS CORP COM	$0	–	-150,740	–	-0.19%	–
CUTR	Exit	CUTERA INC COM	$0	–	-270,442	–	-0.21%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-302,671	–	-0.22%	–
PLPC	Exit	PREFORMED LINE PRODS CO COM	$0	–	-80,456	–	-0.22%	–
WCIC	Exit	WCI CMNTYS INC COM PAR $0.01	$0	–	-157,000	–	-0.24%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-188,202	–	-0.28%	–
PEGA	Exit	PEGASYSTEMS INC COM	$0	–	-169,436	–	-0.32%	–
BBBY	Exit	BED BATH & BEYOND INC COM	$0	–	-183,345	–	-0.51%	–
DECK	Exit	DECKERS OUTDOOR CORP COM	$0	–	-133,362	–	-0.52%	–
COG	Exit	CABOT OIL & GAS CORP COM	$0	–	-308,744	–	-0.52%	–
CFG	Exit	CITIZENS FINL GROUP INC COM	$0	–	-322,383	–	-0.52%	–
GLT	Exit	GLATFELTER COM	$0	–	-408,782	–	-0.58%	–
SU	Exit	SUNCOR ENERGY INC NEW COM	$0	–	-324,004	–	-0.58%	–
AIG	Exit	AMERICAN INTL GROUP INC COM NE	$0	–	-151,795	–	-0.59%	–
WEC	Exit	WEC ENERGY GROUP INC COM	$0	–	-158,016	–	-0.62%	–
EVC	Exit	ENTRAVISION COMMUNICATIONS CP	$0	–	-1,266,820	–	-0.63%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-237,809	–	-0.65%	–
DFODQ	Exit	DEAN FOODS CO NEW COM NEW	$0	–	-621,127	–	-0.66%	–
OMC	Exit	OMNICOM GROUP INC COM	$0	–	-120,190	–	-0.66%	–
FAF	Exit	FIRST AMERN FINL CORP COM	$0	–	-261,981	–	-0.67%	–
PDS	Exit	PRECISION DRILLING CORP COM 20	$0	–	-2,482,933	–	-0.68%	–
FLR	Exit	FLUOR CORP NEW COM	$0	–	-203,845	–	-0.68%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-1,064,090	–	-0.68%	–
UNFI	Exit	UNITED NAT FOODS INC COM	$0	–	-263,629	–	-0.69%	–
UFCS	Exit	UNITED FIRE GROUP INC COM	$0	–	-250,241	–	-0.69%	–
CBF	Exit	CAPITAL BK FINL CORP CL A COM	$0	–	-331,750	–	-0.69%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-238,669	–	-0.70%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-296,405	–	-0.70%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-331,239	–	-0.71%	–
ELOS	Exit	SYNERON MEDICAL LTD ORD SHS	$0	–	-1,550,006	–	-0.72%	–
TWX	Exit	TIME WARNER INC COM NEW	$0	–	-139,494	–	-0.72%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-268,394	–	-0.73%	–
GXP	Exit	GREAT PLAINS ENERGY INC COM	$0	–	-417,878	–	-0.74%	–
STI	Exit	SUNTRUST BKS INC COM	$0	–	-261,107	–	-0.74%	–
LPT	Exit	LIBERTY PPTY TR SH BEN INT	$0	–	-285,835	–	-0.75%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQ INC	$0	–	-106,316	–	-0.75%	–
HMN	Exit	HORACE MANN EDUCATORS CORP NEW	$0	–	-315,406	–	-0.75%	–
PNC	Exit	PNC FINL SVCS GROUP INC COM	$0	–	-129,208	–	-0.76%	–
UNP	Exit	UNION PAC CORP COM	$0	–	-120,030	–	-0.76%	–
TBI	Exit	TRUEBLUE INC COM	$0	–	-520,284	–	-0.77%	–
TER	Exit	TERADYNE INC COM	$0	–	-553,384	–	-0.78%	–
PTEN	Exit	PATTERSON UTI ENERGY INC COM	$0	–	-536,096	–	-0.78%	–
RBC	Exit	REGAL BELOIT CORP COM	$0	–	-203,064	–	-0.78%	–
GIS	Exit	GENERAL MLS INC COM	$0	–	-190,424	–	-0.79%	–
OEC	Exit	ORION ENGINEERED CARBONS S A C	$0	–	-660,002	–	-0.80%	–
NOV	Exit	NATIONAL OILWELL VARCO INC COM	$0	–	-337,326	–	-0.81%	–
WMK	Exit	WEIS MKTS INC COM	$0	–	-235,523	–	-0.81%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-145,683	–	-0.82%	–
AVA	Exit	AVISTA CORP COM	$0	–	-306,200	–	-0.83%	–
EIG	Exit	EMPLOYERS HOLDINGS INC COM	$0	–	-429,984	–	-0.83%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-167,915	–	-0.85%	–
VVC	Exit	VECTREN CORP COM	$0	–	-259,617	–	-0.85%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY C	$0	–	-567,189	–	-0.85%	–
CBPX	Exit	CONTINENTAL BLDG PRODS INC COM	$0	–	-635,142	–	-0.87%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-208,382	–	-0.87%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-1,288,939	–	-0.88%	–
NTCT	Exit	NETSCOUT SYS INC COM	$0	–	-461,005	–	-0.88%	–
CTBI	Exit	COMMUNITY TR BANCORP INC COM	$0	–	-371,349	–	-0.90%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-1,058,663	–	-0.91%	–
KNX	Exit	KNIGHT TRANSN INC COM	$0	–	-496,743	–	-0.93%	–
T	Exit	AT&T INC COM	$0	–	-353,506	–	-0.93%	–
EME	Exit	EMCOR GROUP INC COM	$0	–	-243,712	–	-0.94%	–
IPGP	Exit	IPG PHOTONICS CORP COM	$0	–	-178,801	–	-0.96%	–
ALOG	Exit	ANALOGIC CORP COM PAR $0.05	$0	–	-166,352	–	-0.96%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-455,591	–	-0.96%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-1,101,733	–	-0.97%	–
CWT	Exit	CALIFORNIA WTR SVC GROUP COM	$0	–	-466,202	–	-0.97%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-781,240	–	-1.00%	–
HWC	Exit	HANCOCK HLDG CO COM	$0	–	-473,421	–	-1.00%	–
KFY	Exit	KORN FERRY INTL COM NEW	$0	–	-730,919	–	-1.00%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC CO	$0	–	-224,398	–	-1.00%	–
SERV	Exit	SERVICEMASTER GLOBAL HLDGS INC	$0	–	-466,861	–	-1.02%	–
CLW	Exit	CLEARWATER PAPER CORP COM	$0	–	-247,260	–	-1.04%	–
FULT	Exit	FULTON FINL CORP PA COM	$0	–	-1,109,976	–	-1.05%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD COM	$0	–	-134,581	–	-1.05%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-248,147	–	-1.07%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-1,186,025	–	-1.08%	–
BRSS	Exit	GLOBAL BRASS & COPPR HLDGS INC	$0	–	-579,174	–	-1.09%	–
FMBI	Exit	FIRST MIDWEST BANCORP DEL COM	$0	–	-867,063	–	-1.09%	–
EMN	Exit	EASTMAN CHEM CO COM	$0	–	-248,446	–	-1.09%	–
DKS	Exit	DICKS SPORTING GOODS INC COM	$0	–	-299,299	–	-1.10%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-543,032	–	-1.10%	–
MMSI	Exit	MERIT MED SYS INC COM	$0	–	-712,358	–	-1.12%	–
PWR	Exit	QUANTA SVCS INC COM	$0	–	-621,232	–	-1.13%	–
PFE	Exit	PFIZER INC COM	$0	–	-519,493	–	-1.14%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-839,645	–	-1.16%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-585,386	–	-1.16%	–
PTC	Exit	PTC INC COM	$0	–	-407,156	–	-1.17%	–
NUTR	Exit	NUTRACEUTICAL INTL CORP COM	$0	–	-579,485	–	-1.18%	–
QEP	Exit	QEP RES INC COM	$0	–	-941,537	–	-1.20%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-1,076,293	–	-1.25%	–
KRG	Exit	KITE RLTY GROUP TR COM NEW	$0	–	-757,255	–	-1.36%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-259,098	–	-1.38%	–
PDCE	Exit	PDC ENERGY INC COM	$0	–	-343,038	–	-1.50%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-735,705	–	-1.52%	–
SCS	Exit	STEELCASE INC CL A	$0	–	-1,681,548	–	-1.52%	–
GME	Exit	GAMESTOP CORP NEW CL A	$0	–	-854,272	–	-1.53%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-1,580,821	–	-1.61%	–
CLNY	Exit	COLONY CAP INC CL A	$0	–	-1,371,671	–	-1.63%	–
HT	Exit	HERSHA HOSPITALITY TR PR SHS B	$0	–	-1,474,038	–	-1.73%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-1,206,062	–	-1.77%	–
THO	Exit	THOR INDS INC COM	$0	–	-361,069	–	-1.99%	–
PRXL	Exit	PAREXEL INTL CORP COM	$0	–	-447,854	–	-2.02%	–

Q3 2016

			Value		Shares		↓ Weighting
PRXL	Buy	PAREXEL INTL CORP COM	$31,103,000	+107.2%	447,854	+87.6%	2.02%	+117.4%
THO	Sell	THOR INDS INC COM	$30,583,000	-26.0%	361,069	-43.5%	1.99%	-22.4%
KW	Buy	KENNEDY-WILSON HLDGS INC COM	$27,197,000	+25.4%	1,206,062	+5.5%	1.77%	+31.5%
HT	Sell	HERSHA HOSPITALITY TR PR SHS B	$26,562,000	+3.7%	1,474,038	-1.3%	1.73%	+8.8%
CLNY	Sell	COLONY CAP INC CL A	$25,006,000	+14.4%	1,371,671	-3.6%	1.63%	+20.1%
BDN	Sell	BRANDYWINE RLTY TR SH BEN INT	$24,692,000	-13.6%	1,580,821	-7.1%	1.61%	-9.3%
GME	New	GAMESTOP CORP NEW CL A	$23,569,000	–	854,272	–	1.53%	–
SCS	Buy	STEELCASE INC CL A	$23,357,000	+23.5%	1,681,548	+20.6%	1.52%	+29.5%
CSCO	Buy	CISCO SYS INC COM	$23,337,000	+11.4%	735,705	+0.8%	1.52%	+16.9%
PDCE	Sell	PDC ENERGY INC COM	$23,004,000	-4.0%	343,038	-17.5%	1.50%	+0.7%
PRU	New	PRUDENTIAL FINL INC COM	$21,155,000	–	259,098	–	1.38%	–
KRG	Sell	KITE RLTY GROUP TR COM NEW	$20,991,000	-8.1%	757,255	-7.0%	1.36%	-3.5%
AEO	Buy	AMERICAN EAGLE OUTFITTERS NEW	$19,223,000	+35.2%	1,076,293	+20.6%	1.25%	+41.9%
QEP	Sell	QEP RES INC COM	$18,388,000	-10.8%	941,537	-19.5%	1.20%	-6.4%
NUTR	Buy	NUTRACEUTICAL INTL CORP COM	$18,103,000	+257.8%	579,485	+165.2%	1.18%	+274.8%
PTC	Sell	PTC INC COM	$18,041,000	+9.5%	407,156	-7.1%	1.17%	+14.9%
SASR	Sell	SANDY SPRING BANCORP INC COM	$17,901,000	-10.9%	585,386	-15.3%	1.16%	-6.5%
PFS	Sell	PROVIDENT FINL SVCS INC COM	$17,826,000	+0.6%	839,645	-6.9%	1.16%	+5.6%
PFE	Sell	PFIZER INC COM	$17,595,000	-30.3%	519,493	-27.6%	1.14%	-26.9%
PWR	Sell	QUANTA SVCS INC COM	$17,388,000	+13.3%	621,232	-6.4%	1.13%	+18.9%
MMSI	Sell	MERIT MED SYS INC COM	$17,303,000	-22.0%	712,358	-36.3%	1.12%	-18.2%
IVZ	Sell	INVESCO LTD SHS	$16,981,000	+8.3%	543,032	-11.5%	1.10%	+13.7%
DKS	Sell	DICKS SPORTING GOODS INC COM	$16,976,000	-12.8%	299,299	-30.7%	1.10%	-8.5%
EMN	Buy	EASTMAN CHEM CO COM	$16,815,000	+38.8%	248,446	+39.3%	1.09%	+45.5%
FMBI	Sell	FIRST MIDWEST BANCORP DEL COM	$16,786,000	+2.5%	867,063	-7.0%	1.09%	+7.5%
BRSS	Sell	GLOBAL BRASS & COPPR HLDGS INC	$16,732,000	-1.9%	579,174	-7.3%	1.09%	+2.9%
ONB	Sell	OLD NATL BANCORP IND COM	$16,676,000	+4.4%	1,186,025	-7.0%	1.08%	+9.5%
JPM	Sell	JPMORGAN CHASE & CO COM	$16,524,000	-13.6%	248,147	-19.4%	1.07%	-9.4%
RNR	Sell	RENAISSANCERE HOLDINGS LTD COM	$16,171,000	-15.8%	134,581	-17.7%	1.05%	-11.7%
FULT	Sell	FULTON FINL CORP PA COM	$16,117,000	+0.1%	1,109,976	-7.0%	1.05%	+5.0%
CLW	Sell	CLEARWATER PAPER CORP COM	$15,990,000	-1.4%	247,260	-0.3%	1.04%	+3.5%
SERV	Sell	SERVICEMASTER GLOBAL HLDGS INC	$15,724,000	-25.9%	466,861	-12.5%	1.02%	-22.3%
ODFL	Sell	OLD DOMINION FGHT LINES INC CO	$15,396,000	+5.8%	224,398	-7.0%	1.00%	+11.0%
HWC	Sell	HANCOCK HLDG CO COM	$15,353,000	+15.6%	473,421	-6.9%	1.00%	+21.3%
KFY	Sell	KORN FERRY INTL COM NEW	$15,349,000	-8.4%	730,919	-9.7%	1.00%	-3.9%
ASB	Sell	ASSOCIATED BANC CORP COM	$15,304,000	+6.1%	781,240	-7.1%	1.00%	+11.3%
CWT	Sell	CALIFORNIA WTR SVC GROUP COM	$14,960,000	-30.9%	466,202	-24.8%	0.97%	-27.5%
RDN	Sell	RADIAN GROUP INC COM	$14,928,000	+28.6%	1,101,733	-1.1%	0.97%	+35.0%
MLI	Sell	MUELLER INDS INC COM	$14,770,000	-5.4%	455,591	-7.0%	0.96%	-0.8%
ALOG	Sell	ANALOGIC CORP COM PAR $0.05	$14,739,000	+3.7%	166,352	-7.0%	0.96%	+8.7%
IPGP	Buy	IPG PHOTONICS CORP COM	$14,724,000	+36.1%	178,801	+32.2%	0.96%	+42.6%
EME	Sell	EMCOR GROUP INC COM	$14,530,000	-5.3%	243,712	-21.7%	0.94%	-0.6%
T	Sell	AT&T INC COM	$14,356,000	-24.3%	353,506	-19.4%	0.93%	-20.6%
KNX	Sell	KNIGHT TRANSN INC COM	$14,252,000	+0.5%	496,743	-6.9%	0.93%	+5.5%
WPX	Sell	WPX ENERGY INC COM	$13,964,000	+14.1%	1,058,663	-19.5%	0.91%	+19.6%
CTBI	Sell	COMMUNITY TR BANCORP INC COM	$13,781,000	+1.3%	371,349	-5.4%	0.90%	+6.3%
NTCT	New	NETSCOUT SYS INC COM	$13,484,000	–	461,005	–	0.88%	–
CUZ	Sell	COUSINS PPTYS INC COM	$13,457,000	-0.8%	1,288,939	-1.1%	0.88%	+4.2%
ADI	Sell	ANALOG DEVICES INC COM	$13,430,000	-6.7%	208,382	-18.0%	0.87%	-2.1%
CBPX	Buy	CONTINENTAL BLDG PRODS INC COM	$13,332,000	+560.0%	635,142	+598.8%	0.87%	+593.6%
IDTI	Buy	INTEGRATED DEVICE TECHNOLOGY C	$13,102,000	+14.8%	567,189	+0.0%	0.85%	+20.5%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$13,032,000	-20.4%	167,915	-18.3%	0.85%	-16.6%
VVC	Sell	VECTREN CORP COM	$13,033,000	-25.7%	259,617	-22.1%	0.85%	-22.2%
EIG	Sell	EMPLOYERS HOLDINGS INC COM	$12,826,000	-0.1%	429,984	-2.8%	0.83%	+4.9%
AVA	Sell	AVISTA CORP COM	$12,796,000	-49.2%	306,200	-45.6%	0.83%	-46.7%
KALU	Sell	KAISER ALUMINUM CORP COM PAR $	$12,600,000	-11.3%	145,683	-7.3%	0.82%	-6.9%
WMK	Sell	WEIS MKTS INC COM	$12,483,000	-17.0%	235,523	-20.8%	0.81%	-12.9%
NOV	New	NATIONAL OILWELL VARCO INC COM	$12,393,000	–	337,326	–	0.81%	–
OEC	Sell	ORION ENGINEERED CARBONS S A C	$12,368,000	+10.5%	660,002	-6.3%	0.80%	+15.9%
GIS	Sell	GENERAL MLS INC COM	$12,164,000	-28.0%	190,424	-19.6%	0.79%	-24.5%
RBC	Sell	REGAL BELOIT CORP COM	$12,080,000	-2.7%	203,064	-10.0%	0.78%	+1.9%
PTEN	Sell	PATTERSON UTI ENERGY INC COM	$11,992,000	-3.7%	536,096	-8.2%	0.78%	+1.2%
TER	Buy	TERADYNE INC COM	$11,942,000	+11.0%	553,384	+1.3%	0.78%	+16.3%
TBI	Sell	TRUEBLUE INC COM	$11,790,000	-41.9%	520,284	-51.5%	0.77%	-39.0%
UNP	Sell	UNION PAC CORP COM	$11,707,000	-14.6%	120,030	-23.6%	0.76%	-10.5%
PNC	Buy	PNC FINL SVCS GROUP INC COM	$11,640,000	+15.2%	129,208	+4.1%	0.76%	+20.9%
ARE	Sell	ALEXANDRIA REAL ESTATE EQ INC	$11,564,000	-16.7%	106,316	-20.7%	0.75%	-12.6%
HMN	Sell	HORACE MANN EDUCATORS CORP NEW	$11,560,000	+0.8%	315,406	-7.1%	0.75%	+5.8%
LPT	Sell	LIBERTY PPTY TR SH BEN INT	$11,533,000	-19.4%	285,835	-20.6%	0.75%	-15.3%
STI	Sell	SUNTRUST BKS INC COM	$11,436,000	-13.6%	261,107	-19.0%	0.74%	-9.3%
GXP	Sell	GREAT PLAINS ENERGY INC COM	$11,404,000	-16.7%	417,878	-7.2%	0.74%	-12.5%
PEG	Sell	PUBLIC SVC ENTERPRISE GROUP CO	$11,238,000	-27.4%	268,394	-19.2%	0.73%	-23.8%
ELOS	Sell	SYNERON MEDICAL LTD ORD SHS	$11,098,000	-13.5%	1,550,006	-7.1%	0.72%	-9.2%
TWX	Sell	TIME WARNER INC COM NEW	$11,105,000	-50.1%	139,494	-53.9%	0.72%	-47.6%
WSBC	Sell	WESBANCO INC COM	$10,891,000	-1.5%	331,239	-7.0%	0.71%	+3.4%
CIT	Sell	CIT GROUP INC COM NEW	$10,760,000	-8.2%	296,405	-19.3%	0.70%	-3.7%
HAL	Sell	HALLIBURTON CO COM	$10,711,000	-43.7%	238,669	-43.2%	0.70%	-41.0%
CBF	Buy	CAPITAL BK FINL CORP CL A COM	$10,652,000	+25.3%	331,750	+12.4%	0.69%	+31.5%
UFCS	Sell	UNITED FIRE GROUP INC COM	$10,590,000	-7.1%	250,241	-6.9%	0.69%	-2.5%
UNFI	Sell	UNITED NAT FOODS INC COM	$10,556,000	-22.7%	263,629	-9.6%	0.69%	-18.9%
RF	Sell	REGIONS FINL CORP NEW COM	$10,503,000	-23.9%	1,064,090	-34.4%	0.68%	-20.1%
FLR	Sell	FLUOR CORP NEW COM	$10,461,000	-15.7%	203,845	-19.1%	0.68%	-11.6%
PDS	Buy	PRECISION DRILLING CORP COM 20	$10,379,000	-15.4%	2,482,933	+7.2%	0.68%	-11.3%
FAF	Sell	FIRST AMERN FINL CORP COM	$10,291,000	-25.6%	261,981	-23.8%	0.67%	-21.9%
OMC	Sell	OMNICOM GROUP INC COM	$10,216,000	-15.8%	120,190	-19.3%	0.66%	-11.7%
DFODQ	Buy	DEAN FOODS CO NEW COM NEW	$10,186,000	-1.5%	621,127	+8.7%	0.66%	+3.3%
ABT	Sell	ABBOTT LABS COM	$10,057,000	-13.1%	237,809	-19.2%	0.65%	-8.8%
EVC	Sell	ENTRAVISION COMMUNICATIONS CP	$9,666,000	+4.7%	1,266,820	-7.7%	0.63%	+10.0%
WEC	Sell	WEC ENERGY GROUP INC COM	$9,462,000	-25.9%	158,016	-19.2%	0.62%	-22.3%
AIG	Sell	AMERICAN INTL GROUP INC COM NE	$9,008,000	-25.0%	151,795	-33.1%	0.59%	-21.2%
SU	Sell	SUNCOR ENERGY INC NEW COM	$9,001,000	-27.9%	324,004	-28.0%	0.58%	-24.3%
GLT	Sell	GLATFELTER COM	$8,862,000	-29.1%	408,782	-36.1%	0.58%	-25.7%
COG	New	CABOT OIL & GAS CORP COM	$7,966,000	–	308,744	–	0.52%	–
CFG	Sell	CITIZENS FINL GROUP INC COM	$7,966,000	+19.8%	322,383	-3.2%	0.52%	+25.7%
DECK	Sell	DECKERS OUTDOOR CORP COM	$7,942,000	-25.0%	133,362	-27.5%	0.52%	-21.3%
BBBY	Sell	BED BATH & BEYOND INC COM	$7,904,000	-19.5%	183,345	-19.3%	0.51%	-15.6%
PEGA	Sell	PEGASYSTEMS INC COM	$4,997,000	-47.5%	169,436	-52.0%	0.32%	-44.8%
ARKR	Buy	ARK RESTAURANTS CORP COM	$4,223,000	+1.8%	188,202	+1.3%	0.28%	+7.0%
WCIC	Sell	WCI CMNTYS INC COM PAR $0.01	$3,724,000	+26.6%	157,000	-9.8%	0.24%	+33.0%
PLPC	Buy	PREFORMED LINE PRODS CO COM	$3,393,000	+5.6%	80,456	+1.1%	0.22%	+11.1%
TRNS	Buy	TRANSCAT INC COM	$3,310,000	+67.9%	302,671	+54.4%	0.22%	+76.2%
CUTR	Buy	CUTERA INC COM	$3,224,000	+26.1%	270,442	+18.6%	0.21%	+32.9%
MRLN	Buy	MARLIN BUSINESS SVCS CORP COM	$2,921,000	+21.3%	150,740	+2.0%	0.19%	+27.5%
RPT	Buy	RAMCO-GERSHENSON PPTYS TR COM	$2,828,000	-3.4%	150,920	+1.0%	0.18%	+1.1%
PSTB	Sell	PARK STERLING CORP COM	$2,826,000	+6.3%	348,011	-7.2%	0.18%	+11.5%
CCF	Buy	CHASE CORP COM	$2,766,000	+19.4%	40,020	+2.1%	0.18%	+25.0%
FCH	Buy	FELCOR LODGING TR INC COM	$2,748,000	+4.2%	427,409	+1.0%	0.18%	+9.8%
ADC	Buy	AGREE REALTY CORP COM	$2,646,000	+3.4%	53,516	+0.8%	0.17%	+8.2%
LHCG	Buy	LHC GROUP INC COM	$2,632,000	-0.2%	71,375	+17.1%	0.17%	+4.9%
HNH	Buy	HANDY & HARMAN LTD COM	$2,521,000	+10.7%	119,821	+37.8%	0.16%	+16.3%
HURC	Sell	HURCO COMPANIES INC COM	$2,196,000	-13.0%	78,250	-13.7%	0.14%	-8.3%
XLF	New	SELECT SECTOR SPDR TR SBI INT-	$2,197,000	–	113,820	–	0.14%	–
NCIT	Buy	NCI INC CL A	$2,202,000	+109.1%	190,292	+153.9%	0.14%	+120.0%
CRWS	Buy	CROWN CRAFTS INC COM	$2,168,000	+10.0%	212,595	+2.1%	0.14%	+15.6%
NR	Buy	NEWPARK RES INC COM PAR $.01NE	$2,166,000	+29.8%	294,305	+2.1%	0.14%	+36.9%
OC	New	OWENS CORNING NEW COM	$2,128,000	–	39,860	–	0.14%	–
RSO	Buy	RESOURCE CAP CORP COM NEW	$2,101,000	+23.6%	163,992	+24.1%	0.14%	+30.5%
CVCO	Sell	CAVCO INDS INC DEL COM	$2,062,000	-7.5%	20,816	-12.5%	0.13%	-2.9%
RGCO	Buy	RGC RES INC COM	$2,057,000	-0.4%	86,814	+2.1%	0.13%	+4.7%
CBZ	Sell	CBIZ INC COM	$2,010,000	-8.2%	179,589	-14.6%	0.13%	-3.7%
TESO	Buy	TESCO CORP COM	$1,999,000	+34.8%	245,011	+10.5%	0.13%	+41.3%
NP	Buy	NEENAH PAPER INC COM	$2,002,000	+11.3%	25,339	+2.0%	0.13%	+17.1%
REI	Buy	RING ENERGY INC COM	$1,934,000	+26.7%	176,612	+2.1%	0.13%	+32.6%
MSFG	Buy	MAINSOURCE FINANCIAL GP INC CO	$1,912,000	+15.5%	76,639	+2.0%	0.12%	+20.4%
TRIB	Buy	TRINITY BIOTECH PLC SPON ADR N	$1,783,000	+18.9%	134,894	+2.0%	0.12%	+24.7%
ICFI	Buy	ICF INTL INC COM	$1,787,000	+10.3%	40,315	+1.8%	0.12%	+16.0%
MRTN	Buy	MARTEN TRANS LTD COM	$1,757,000	+8.3%	83,687	+2.1%	0.11%	+12.9%
KLIC	New	KULICKE & SOFFA INDS INC COM	$1,751,000	–	135,401	–	0.11%	–
NKSH	Buy	NATIONAL BANKSHARES INC VA COM	$1,731,000	+7.4%	47,067	+2.0%	0.11%	+13.0%
SP	Sell	SP PLUS CORP COM	$1,744,000	-46.8%	68,220	-53.0%	0.11%	-44.3%
AMSWA	Buy	AMERICAN SOFTWARE INC CL A	$1,706,000	+23.8%	153,682	+16.8%	0.11%	+30.6%
MCS	Buy	MARCUS CORP COM	$1,686,000	+20.9%	67,339	+1.9%	0.11%	+27.9%
LXFR	Buy	LUXFER HLDGS PLC SPONSORED ADR	$1,654,000	+26.6%	142,711	+31.5%	0.11%	+33.3%
GPK	Buy	GRAPHIC PACKAGING HLDG CO COM	$1,641,000	+18.8%	117,281	+6.5%	0.11%	+24.4%
OKSB	Buy	SOUTHWEST BANCORP INC OKLA COM	$1,641,000	+14.4%	86,417	+2.0%	0.11%	+20.2%
EMCI	Buy	EMC INS GROUP INC COM	$1,631,000	-0.9%	60,558	+2.0%	0.11%	+3.9%
IXYS	Buy	IXYS CORP COM	$1,610,000	+19.9%	133,650	+2.0%	0.10%	+26.5%
STC	Buy	STEWART INFORMATION SVCS CORP	$1,596,000	+9.5%	35,910	+2.1%	0.10%	+15.6%
FCBC	Buy	FIRST CMNTY BANCSHARES INC NEV	$1,580,000	+12.8%	63,698	+2.0%	0.10%	+18.4%
CLCT	Buy	COLLECTORS UNIVERSE INC COM NE	$1,552,000	-4.3%	83,766	+2.1%	0.10%	+1.0%
ARTNA	Sell	ARTESIAN RESOURCES CORP CL A	$1,477,000	-28.8%	51,746	-15.4%	0.10%	-25.6%
CHFN	Buy	CHARTER FINL CORP MD COM	$1,428,000	-1.0%	110,869	+2.1%	0.09%	+4.5%
HBP	New	HUTTIG BLDG PRODS INC COM	$1,430,000	–	247,374	–	0.09%	–
USLM	Buy	UNITED STATES LIME & MINERALS	$1,402,000	+14.1%	21,246	+2.0%	0.09%	+19.7%
CACB	Buy	CASCADE BANCORP COM NEW	$1,354,000	+11.6%	223,460	+2.0%	0.09%	+17.3%
FBNC	Buy	FIRST BANCORP N C COM	$1,340,000	+15.0%	67,693	+2.1%	0.09%	+20.8%
BH	New	BIGLARI HLDGS INC COM	$1,264,000	–	2,900	–	0.08%	–
AB	Buy	ALLIANCEBERNSTEIN HOLDING LP U	$1,257,000	+3.1%	55,129	+5.4%	0.08%	+7.9%
BFIN	Buy	BANKFINANCIAL CORP COM	$1,213,000	+8.1%	95,513	+2.1%	0.08%	+12.9%
CBNK	Buy	CHICOPEE BANCORP INC COM	$1,193,000	+3.5%	64,506	+2.2%	0.08%	+9.9%
NRIM	Buy	NORTHRIM BANCORP INC COM	$1,183,000	-0.1%	45,943	+2.0%	0.08%	+5.5%
GSTCQ	Sell	GASTAR EXPL INC NEW COM	$1,180,000	-37.7%	1,397,245	-18.8%	0.08%	-34.2%
RTEC	New	RUDOLPH TECHNOLOGIES INC COM	$1,184,000	–	66,767	–	0.08%	–
BBY	Sell	BEST BUY INC COM	$1,189,000	-8.6%	31,138	-26.7%	0.08%	-4.9%
PCBK	Buy	PACIFIC CONTINENTAL CORP COM	$1,126,000	+9.2%	66,923	+2.0%	0.07%	+14.1%
HTBI	New	HOMETRUST BANCSHARES INC COM	$1,120,000	–	60,556	–	0.07%	–
HTBK	Sell	HERITAGE COMMERCE CORP COM	$1,035,000	-5.8%	94,583	-9.3%	0.07%	-1.5%
COBZ	Buy	COBIZ FINANCIAL INC COM	$969,000	+16.0%	72,790	+2.0%	0.06%	+21.2%
AXAS	Sell	ABRAXAS PETE CORP COM	$650,000	+48.7%	384,529	-0.6%	0.04%	+55.6%
WOOF	Sell	VCA INC COM	$470,000	-12.1%	6,712	-15.2%	0.03%	-6.1%
ED	Sell	CONSOLIDATED EDISON INC COM	$398,000	-25.0%	5,290	-19.9%	0.03%	-21.2%
TXT	Sell	TEXTRON INC COM	$384,000	-7.9%	9,672	-15.2%	0.02%	-3.8%
NTRS	Sell	NORTHERN TR CORP COM	$387,000	-10.2%	5,693	-12.4%	0.02%	-7.4%
FCEA	Sell	FOREST CITY RLTY TR INC COM CL	$385,000	-15.4%	16,656	-18.4%	0.02%	-10.7%
AHL	Sell	ASPEN INSURANCE HOLDINGS LTD S	$383,000	-14.9%	8,228	-15.2%	0.02%	-10.7%
NXPI	Sell	NXP SEMICONDUCTORS N V COM	$352,000	+10.3%	3,455	-15.3%	0.02%	+15.0%
EE	Sell	EL PASO ELEC CO COM NEW	$352,000	-22.5%	7,516	-21.8%	0.02%	-17.9%
WFM	Sell	WHOLE FOODS MKT INC COM	$356,000	-24.9%	12,558	-15.2%	0.02%	-20.7%
PNM	Sell	PNM RES INC COM	$342,000	-27.2%	10,459	-21.1%	0.02%	-24.1%
WHR	Sell	WHIRLPOOL CORP COM	$314,000	-14.7%	1,936	-12.3%	0.02%	-13.0%
RGC	Sell	REGAL ENTMT GROUP CL A	$305,000	-16.4%	14,010	-15.3%	0.02%	-13.0%
DDR	Sell	DDR CORP COM	$301,000	-22.0%	17,285	-18.8%	0.02%	-16.7%
IPG	Sell	INTERPUBLIC GROUP COS INC COM	$293,000	-17.9%	13,100	-15.2%	0.02%	-13.6%
AGCO	Sell	AGCO CORP COM	$278,000	+0.7%	5,644	-3.5%	0.02%	+5.9%
RS	Sell	RELIANCE STEEL & ALUMINUM CO C	$274,000	-20.6%	3,809	-15.2%	0.02%	-14.3%
TSS	Sell	TOTAL SYS SVCS INC COM	$259,000	-24.9%	5,498	-15.3%	0.02%	-19.0%
USPH	Exit	U S PHYSICAL THERAPY INC COM	$0	–	-7,499	–	-0.03%	–
HSKA	Exit	HESKA CORP COM RESTRC NEW	$0	–	-15,112	–	-0.04%	–
SEDG	Exit	SOLAREDGE TECHNOLOGIES INC COM	$0	–	-62,757	–	-0.08%	–
SQI	Exit	SCIQUEST INC NEW COM	$0	–	-98,947	–	-0.11%	–
REXR	Exit	REXFORD INDL RLTY INC COM	$0	–	-104,567	–	-0.14%	–
GCO	Exit	GENESCO INC COM	$0	–	-102,842	–	-0.41%	–
STJ	Exit	ST JUDE MED INC COM	$0	–	-114,058	–	-0.55%	–
CATO	Exit	CATO CORP NEW CL A	$0	–	-248,176	–	-0.58%	–
TOWR	Exit	TOWER INTL INC COM	$0	–	-560,081	–	-0.71%	–
AVGTF	Exit	AVG TECHNOLOGIES N V SHS	$0	–	-695,972	–	-0.82%	–
OII	Exit	OCEANEERING INTL INC COM	$0	–	-454,445	–	-0.84%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-342,848	–	-1.11%	–

Q2 2016

			Value		Shares		↓ Weighting
THO	New	THOR INDS INC COM	$41,338,000	–	638,516	–	2.56%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$28,578,000	–	1,701,066	–	1.77%	–
HT	New	HERSHA HOSPITALITY TR PR SHS B	$25,611,000	–	1,493,348	–	1.59%	–
PFE	New	PFIZER INC COM	$25,249,000	–	717,104	–	1.56%	–
AVA	New	AVISTA CORP COM	$25,202,000	–	562,553	–	1.56%	–
PDCE	New	PDC ENERGY INC COM	$23,964,000	–	415,962	–	1.48%	–
KRG	New	KITE RLTY GROUP TR COM NEW	$22,830,000	–	814,490	–	1.42%	–
TWX	New	TIME WARNER INC COM NEW	$22,247,000	–	302,518	–	1.38%	–
MMSI	New	MERIT MED SYS INC COM	$22,188,000	–	1,118,892	–	1.38%	–
CLNY	New	COLONY CAP INC CL A	$21,850,000	–	1,423,475	–	1.35%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$21,683,000	–	1,143,640	–	1.34%	–
CWT	New	CALIFORNIA WTR SVC GROUP COM	$21,656,000	–	619,973	–	1.34%	–
SERV	New	SERVICEMASTER GLOBAL HLDGS INC	$21,230,000	–	533,419	–	1.32%	–
CSCO	New	CISCO SYS INC COM	$20,940,000	–	729,876	–	1.30%	–
QEP	New	QEP RES INC COM	$20,618,000	–	1,169,508	–	1.28%	–
TBI	New	TRUEBLUE INC COM	$20,291,000	–	1,072,437	–	1.26%	–
SASR	New	SANDY SPRING BANCORP INC COM	$20,082,000	–	691,064	–	1.24%	–
DKS	New	DICKS SPORTING GOODS INC COM	$19,472,000	–	432,144	–	1.21%	–
RNR	New	RENAISSANCERE HOLDINGS LTD COM	$19,197,000	–	163,458	–	1.19%	–
JPM	New	JPMORGAN CHASE & CO COM	$19,122,000	–	307,731	–	1.18%	–
HAL	New	HALLIBURTON CO COM	$19,021,000	–	419,984	–	1.18%	–
T	New	AT&T INC COM	$18,955,000	–	438,670	–	1.18%	–
SCS	New	STEELCASE INC CL A	$18,919,000	–	1,394,144	–	1.17%	–
EMR	New	EMERSON ELEC CO COM	$17,883,000	–	342,848	–	1.11%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$17,720,000	–	902,229	–	1.10%	–
VVC	New	VECTREN CORP COM	$17,552,000	–	333,253	–	1.09%	–
BRSS	New	GLOBAL BRASS & COPPR HLDGS INC	$17,057,000	–	625,020	–	1.06%	–
GIS	New	GENERAL MLS INC COM	$16,888,000	–	236,792	–	1.05%	–
KFY	New	KORN FERRY INTL COM NEW	$16,759,000	–	809,596	–	1.04%	–
PTC	New	PTC INC COM	$16,473,000	–	438,368	–	1.02%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$16,375,000	–	205,509	–	1.02%	–
FMBI	New	FIRST MIDWEST BANCORP DEL COM	$16,377,000	–	932,611	–	1.02%	–
CLW	New	CLEARWATER PAPER CORP COM	$16,210,000	–	247,975	–	1.00%	–
FULT	New	FULTON FINL CORP PA COM	$16,104,000	–	1,192,908	–	1.00%	–
ONB	New	OLD NATL BANCORP IND COM	$15,978,000	–	1,275,187	–	0.99%	–
IVZ	New	INVESCO LTD SHS	$15,673,000	–	613,647	–	0.97%	–
MLI	New	MUELLER INDS INC COM	$15,621,000	–	489,980	–	0.97%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$15,475,000	–	332,007	–	0.96%	–
EME	New	EMCOR GROUP INC COM	$15,340,000	–	311,414	–	0.95%	–
PWR	New	QUANTA SVCS INC COM	$15,341,000	–	663,557	–	0.95%	–
WMK	New	WEIS MKTS INC COM	$15,035,000	–	297,433	–	0.93%	–
PRXL	New	PAREXEL INTL CORP COM	$15,012,000	–	238,738	–	0.93%	–
ODFL	New	OLD DOMINION FGHT LINES INC CO	$14,550,000	–	241,252	–	0.90%	–
ASB	New	ASSOCIATED BANC CORP COM	$14,428,000	–	841,299	–	0.89%	–
ADI	New	ANALOG DEVICES INC COM	$14,398,000	–	254,208	–	0.89%	–
LPT	New	LIBERTY PPTY TR SH BEN INT	$14,301,000	–	360,040	–	0.89%	–
ALOG	New	ANALOGIC CORP COM PAR $0.05	$14,213,000	–	178,910	–	0.88%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$14,218,000	–	892,529	–	0.88%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$14,204,000	–	157,108	–	0.88%	–
KNX	New	KNIGHT TRANSN INC COM	$14,181,000	–	533,525	–	0.88%	–
ARE	New	ALEXANDRIA REAL ESTATE EQ INC	$13,876,000	–	134,044	–	0.86%	–
FAF	New	FIRST AMERN FINL CORP COM	$13,828,000	–	343,804	–	0.86%	–
RF	New	REGIONS FINL CORP NEW COM	$13,803,000	–	1,621,969	–	0.86%	–
UNP	New	UNION PAC CORP COM	$13,709,000	–	157,123	–	0.85%	–
GXP	New	GREAT PLAINS ENERGY INC COM	$13,683,000	–	450,112	–	0.85%	–
UNFI	New	UNITED NAT FOODS INC COM	$13,655,000	–	291,771	–	0.85%	–
CTBI	New	COMMUNITY TR BANCORP INC COM	$13,609,000	–	392,653	–	0.84%	–
OII	New	OCEANEERING INTL INC COM	$13,570,000	–	454,445	–	0.84%	–
CUZ	New	COUSINS PPTYS INC COM	$13,559,000	–	1,303,783	–	0.84%	–
HWC	New	HANCOCK HLDG CO COM	$13,279,000	–	508,595	–	0.82%	–
STI	New	SUNTRUST BKS INC COM	$13,236,000	–	322,194	–	0.82%	–
AVGTF	New	AVG TECHNOLOGIES N V SHS	$13,217,000	–	695,972	–	0.82%	–
EIG	New	EMPLOYERS HOLDINGS INC COM	$12,834,000	–	442,235	–	0.80%	–
ELOS	New	SYNERON MEDICAL LTD ORD SHS	$12,829,000	–	1,668,307	–	0.80%	–
WEC	New	WEC ENERGY GROUP INC COM	$12,773,000	–	195,610	–	0.79%	–
GLT	New	GLATFELTER COM	$12,506,000	–	639,383	–	0.78%	–
SU	New	SUNCOR ENERGY INC NEW COM	$12,478,000	–	449,980	–	0.77%	–
PTEN	New	PATTERSON UTI ENERGY INC COM	$12,448,000	–	583,886	–	0.77%	–
RBC	New	REGAL BELOIT CORP COM	$12,417,000	–	225,559	–	0.77%	–
FLR	New	FLUOR CORP NEW COM	$12,414,000	–	251,908	–	0.77%	–
PDS	New	PRECISION DRILLING CORP COM 20	$12,275,000	–	2,315,978	–	0.76%	–
WPX	New	WPX ENERGY INC COM	$12,239,000	–	1,314,593	–	0.76%	–
OMC	New	OMNICOM GROUP INC COM	$12,129,000	–	148,845	–	0.75%	–
EMN	New	EASTMAN CHEM CO COM	$12,111,000	–	178,362	–	0.75%	–
AIG	New	AMERICAN INTL GROUP INC COM NE	$12,006,000	–	226,991	–	0.74%	–
CIT	New	CIT GROUP INC COM NEW	$11,723,000	–	367,390	–	0.73%	–
RDN	New	RADIAN GROUP INC COM	$11,607,000	–	1,113,893	–	0.72%	–
ABT	New	ABBOTT LABS COM	$11,572,000	–	294,383	–	0.72%	–
TOWR	New	TOWER INTL INC COM	$11,526,000	–	560,081	–	0.71%	–
HMN	New	HORACE MANN EDUCATORS CORP NEW	$11,471,000	–	339,490	–	0.71%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY C	$11,414,000	–	567,007	–	0.71%	–
UFCS	New	UNITED FIRE GROUP INC COM	$11,405,000	–	268,796	–	0.71%	–
OEC	New	ORION ENGINEERED CARBONS S A C	$11,191,000	–	704,283	–	0.69%	–
WSBC	New	WESBANCO INC COM	$11,058,000	–	356,149	–	0.68%	–
IPGP	New	IPG PHOTONICS CORP COM	$10,822,000	–	135,276	–	0.67%	–
TER	New	TERADYNE INC COM	$10,755,000	–	546,222	–	0.67%	–
DECK	New	DECKERS OUTDOOR CORP COM	$10,586,000	–	184,049	–	0.66%	–
DFODQ	New	DEAN FOODS CO NEW COM NEW	$10,340,000	–	571,595	–	0.64%	–
PNC	New	PNC FINL SVCS GROUP INC COM	$10,101,000	–	124,105	–	0.63%	–
BBBY	New	BED BATH & BEYOND INC COM	$9,822,000	–	227,256	–	0.61%	–
PEGA	New	PEGASYSTEMS INC COM	$9,511,000	–	352,925	–	0.59%	–
CATO	New	CATO CORP NEW CL A	$9,361,000	–	248,176	–	0.58%	–
EVC	New	ENTRAVISION COMMUNICATIONS CP	$9,228,000	–	1,373,158	–	0.57%	–
STJ	New	ST JUDE MED INC COM	$8,897,000	–	114,058	–	0.55%	–
CBF	New	CAPITAL BK FINL CORP CL A COM	$8,503,000	–	295,249	–	0.53%	–
CFG	New	CITIZENS FINL GROUP INC COM	$6,651,000	–	332,903	–	0.41%	–
GCO	New	GENESCO INC COM	$6,614,000	–	102,842	–	0.41%	–
NUTR	New	NUTRACEUTICAL INTL CORP COM	$5,059,000	–	218,513	–	0.31%	–
ARKR	New	ARK RESTAURANTS CORP COM	$4,149,000	–	185,878	–	0.26%	–
SP	New	SP PLUS CORP COM	$3,281,000	–	145,298	–	0.20%	–
PLPC	New	PREFORMED LINE PRODS CO COM	$3,214,000	–	79,572	–	0.20%	–
WCIC	New	WCI CMNTYS INC COM PAR $0.01	$2,942,000	–	174,055	–	0.18%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR COM	$2,929,000	–	149,363	–	0.18%	–
PSTB	New	PARK STERLING CORP COM	$2,658,000	–	374,871	–	0.16%	–
LHCG	New	LHC GROUP INC COM	$2,637,000	–	60,938	–	0.16%	–
FCH	New	FELCOR LODGING TR INC COM	$2,637,000	–	423,327	–	0.16%	–
ADC	New	AGREE REALTY CORP COM	$2,560,000	–	53,074	–	0.16%	–
CUTR	New	CUTERA INC COM	$2,556,000	–	227,992	–	0.16%	–
HURC	New	HURCO COMPANIES INC COM	$2,523,000	–	90,654	–	0.16%	–
MRLN	New	MARLIN BUSINESS SVCS CORP COM	$2,408,000	–	147,717	–	0.15%	–
CCF	New	CHASE CORP COM	$2,316,000	–	39,215	–	0.14%	–
HNH	New	HANDY & HARMAN LTD COM	$2,277,000	–	86,954	–	0.14%	–
CVCO	New	CAVCO INDS INC DEL COM	$2,230,000	–	23,801	–	0.14%	–
REXR	New	REXFORD INDL RLTY INC COM	$2,205,000	–	104,567	–	0.14%	–
CBZ	New	CBIZ INC COM	$2,190,000	–	210,345	–	0.14%	–
ARTNA	New	ARTESIAN RESOURCES CORP CL A	$2,075,000	–	61,160	–	0.13%	–
RGCO	New	RGC RES INC COM	$2,065,000	–	85,070	–	0.13%	–
CBPX	New	CONTINENTAL BLDG PRODS INC COM	$2,020,000	–	90,889	–	0.12%	–
TRNS	New	TRANSCAT INC COM	$1,971,000	–	196,081	–	0.12%	–
CRWS	New	CROWN CRAFTS INC COM	$1,971,000	–	208,322	–	0.12%	–
GSTCQ	New	GASTAR EXPL INC NEW COM	$1,894,000	–	1,721,632	–	0.12%	–
NP	New	NEENAH PAPER INC COM	$1,798,000	–	24,843	–	0.11%	–
SQI	New	SCIQUEST INC NEW COM	$1,747,000	–	98,947	–	0.11%	–
RSO	New	RESOURCE CAP CORP COM NEW	$1,700,000	–	132,181	–	0.10%	–
MSFG	New	MAINSOURCE FINANCIAL GP INC CO	$1,656,000	–	75,101	–	0.10%	–
NR	New	NEWPARK RES INC COM PAR $.01NE	$1,669,000	–	288,217	–	0.10%	–
EMCI	New	EMC INS GROUP INC COM	$1,645,000	–	59,345	–	0.10%	–
MRTN	New	MARTEN TRANS LTD COM	$1,623,000	–	81,955	–	0.10%	–
ICFI	New	ICF INTL INC COM	$1,620,000	–	39,598	–	0.10%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$1,611,000	–	46,123	–	0.10%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$1,621,000	–	82,071	–	0.10%	–
REI	New	RING ENERGY INC COM	$1,526,000	–	172,962	–	0.10%	–
TRIB	New	TRINITY BIOTECH PLC SPON ADR N	$1,500,000	–	132,268	–	0.09%	–
TESO	New	TESCO CORP COM	$1,483,000	–	221,651	–	0.09%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$1,475,000	–	181,437	–	0.09%	–
STC	New	STEWART INFORMATION SVCS CORP	$1,457,000	–	35,187	–	0.09%	–
OKSB	New	SOUTHWEST BANCORP INC OKLA COM	$1,434,000	–	84,729	–	0.09%	–
CHFN	New	CHARTER FINL CORP MD COM	$1,443,000	–	108,633	–	0.09%	–
FCBC	New	FIRST CMNTY BANCSHARES INC NEV	$1,401,000	–	62,423	–	0.09%	–
MCS	New	MARCUS CORP COM	$1,394,000	–	66,075	–	0.09%	–
GPK	New	GRAPHIC PACKAGING HLDG CO COM	$1,381,000	–	110,097	–	0.09%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$1,378,000	–	131,521	–	0.08%	–
IXYS	New	IXYS CORP COM	$1,343,000	–	130,983	–	0.08%	–
BBY	New	BEST BUY INC COM	$1,301,000	–	42,503	–	0.08%	–
LXFR	New	LUXFER HLDGS PLC SPONSORED ADR	$1,306,000	–	108,529	–	0.08%	–
AB	New	ALLIANCEBERNSTEIN HOLDING LP U	$1,219,000	–	52,299	–	0.08%	–
USLM	New	UNITED STATES LIME & MINERALS	$1,229,000	–	20,830	–	0.08%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC COM	$1,230,000	–	62,757	–	0.08%	–
CACB	New	CASCADE BANCORP COM NEW	$1,213,000	–	219,001	–	0.08%	–
NRIM	New	NORTHRIM BANCORP INC COM	$1,184,000	–	45,022	–	0.07%	–
FBNC	New	FIRST BANCORP N C COM	$1,165,000	–	66,281	–	0.07%	–
CBNK	New	CHICOPEE BANCORP INC COM	$1,153,000	–	63,141	–	0.07%	–
BFIN	New	BANKFINANCIAL CORP COM	$1,122,000	–	93,586	–	0.07%	–
HTBK	New	HERITAGE COMMERCE CORP COM	$1,099,000	–	104,336	–	0.07%	–
NCIT	New	NCI INC CL A	$1,053,000	–	74,962	–	0.06%	–
PCBK	New	PACIFIC CONTINENTAL CORP COM	$1,031,000	–	65,617	–	0.06%	–
COBZ	New	COBIZ FINANCIAL INC COM	$835,000	–	71,330	–	0.05%	–
HSKA	New	HESKA CORP COM RESTRC NEW	$562,000	–	15,112	–	0.04%	–
WOOF	New	VCA INC COM	$535,000	–	7,914	–	0.03%	–
ED	New	CONSOLIDATED EDISON INC COM	$531,000	–	6,607	–	0.03%	–
PNM	New	PNM RES INC COM	$470,000	–	13,263	–	0.03%	–
WFM	New	WHOLE FOODS MKT INC COM	$474,000	–	14,806	–	0.03%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD S	$450,000	–	9,700	–	0.03%	–
FCEA	New	FOREST CITY RLTY TR INC COM CL	$455,000	–	20,414	–	0.03%	–
EE	New	EL PASO ELEC CO COM NEW	$454,000	–	9,612	–	0.03%	–
USPH	New	U S PHYSICAL THERAPY INC COM	$452,000	–	7,499	–	0.03%	–
NTRS	New	NORTHERN TR CORP COM	$431,000	–	6,501	–	0.03%	–
AXAS	New	ABRAXAS PETE CORP COM	$437,000	–	386,874	–	0.03%	–
TXT	New	TEXTRON INC COM	$417,000	–	11,404	–	0.03%	–
DDR	New	DDR CORP COM	$386,000	–	21,300	–	0.02%	–
WHR	New	WHIRLPOOL CORP COM	$368,000	–	2,207	–	0.02%	–
RGC	New	REGAL ENTMT GROUP CL A	$365,000	–	16,546	–	0.02%	–
IPG	New	INTERPUBLIC GROUP COS INC COM	$357,000	–	15,455	–	0.02%	–
RS	New	RELIANCE STEEL & ALUMINUM CO C	$345,000	–	4,490	–	0.02%	–
TSS	New	TOTAL SYS SVCS INC COM	$345,000	–	6,488	–	0.02%	–
NXPI	New	NXP SEMICONDUCTORS N V COM	$319,000	–	4,078	–	0.02%	–
AGCO	New	AGCO CORP COM	$276,000	–	5,850	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
BBG	Exit	BARRETT BILL CORP COM	$0	–	-43,510	–	-0.01%	–
H	Exit	HYATT HOTELS CORP COM CL A	$0	–	-5,673	–	-0.02%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-7,399	–	-0.02%	–
TXT	Exit	TEXTRON INC COM	$0	–	-8,769	–	-0.02%	–
NXPI	Exit	NXP SEMICONDUCTORS N V COM	$0	–	-4,073	–	-0.02%	–
IPG	Exit	INTERPUBLIC GROUP COS INC COM	$0	–	-18,348	–	-0.02%	–
ALK	Exit	ALASKA AIR GROUP INC COM	$0	–	-4,384	–	-0.02%	–
VAL	Exit	VALSPAR CORP COM	$0	–	-5,067	–	-0.02%	–
PNM	Exit	PNM RES INC COM	$0	–	-13,317	–	-0.02%	–
RGC	Exit	REGAL ENTMT GROUP CL A	$0	–	-19,905	–	-0.02%	–
NTRS	Exit	NORTHERN TR CORP COM	$0	–	-5,375	–	-0.02%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO C	$0	–	-5,591	–	-0.02%	–
EE	Exit	EL PASO ELEC CO COM NEW	$0	–	-10,393	–	-0.02%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD S	$0	–	-8,974	–	-0.02%	–
WOOF	Exit	VCA INC COM	$0	–	-7,926	–	-0.02%	–
FCEA	Exit	FOREST CITY ENTERPRISES INC CL	$0	–	-19,901	–	-0.02%	–
DRE	Exit	DUKE REALTY CORP COM NEW	$0	–	-22,542	–	-0.02%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-4,263	–	-0.03%	–
ED	Exit	CONSOLIDATED EDISON INC COM	$0	–	-8,071	–	-0.03%	–
SFG	Exit	STANCORP FINL GROUP INC COM	$0	–	-4,647	–	-0.03%	–
WDR	Exit	WADDELL & REED FINL INC CL A	$0	–	-21,670	–	-0.04%	–
PESXQ	Exit	PIONEER ENERGY SVCS CORP COM	$0	–	-370,697	–	-0.04%	–
USLM	Exit	UNITED STATES LIME & MINERALS	$0	–	-17,635	–	-0.04%	–
KINS	Exit	KINGSTONE COS INC COM	$0	–	-94,382	–	-0.05%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC COM	$0	–	-12,920	–	-0.05%	–
FSTR	Exit	FOSTER L B CO COM	$0	–	-71,884	–	-0.05%	–
YHOO	Exit	YAHOO INC COM	$0	–	-30,602	–	-0.05%	–
EXAC	Exit	EXACTECH INC COM	$0	–	-52,226	–	-0.05%	–
SSINQ	Exit	STAGE STORES INC COM NEW	$0	–	-95,321	–	-0.05%	–
PLPC	Exit	PREFORMED LINE PRODS CO COM	$0	–	-25,713	–	-0.05%	–
UHS	Exit	UNIVERSAL HLTH SVCS INC CL B	$0	–	-8,010	–	-0.06%	–
LDL	Exit	LYDALL INC DEL COM	$0	–	-35,795	–	-0.06%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-108,090	–	-0.06%	–
MTSC	Exit	MTS SYS CORP COM	$0	–	-17,098	–	-0.06%	–
AXAS	Exit	ABRAXAS PETE CORP COM	$0	–	-810,718	–	-0.06%	–
CBNK	Exit	CHICOPEE BANCORP INC COM	$0	–	-63,917	–	-0.06%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-143,722	–	-0.06%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LP U	$0	–	-39,856	–	-0.06%	–
CUTR	Exit	CUTERA INC COM	$0	–	-85,752	–	-0.06%	–
AFOP	Exit	ALLIANCE FIBER OPTIC PRODS INC	$0	–	-65,395	–	-0.06%	–
FCBC	Exit	FIRST CMNTY BANCSHARES INC NEV	$0	–	-63,339	–	-0.06%	–
GSTCQ	Exit	GASTAR EXPL INC NEW COM	$0	–	-984,103	–	-0.06%	–
RSO	Exit	RESOURCE CAP CORP COM NEW	$0	–	-102,895	–	-0.06%	–
CACB	Exit	CASCADE BANCORP COM NEW	$0	–	-217,702	–	-0.07%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-94,963	–	-0.07%	–
FIX	Exit	COMFORT SYS USA INC COM	$0	–	-43,480	–	-0.07%	–
HTBK	Exit	HERITAGE COMMERCE CORP COM	$0	–	-105,844	–	-0.07%	–
DTSI	Exit	DTS INC COM	$0	–	-44,583	–	-0.07%	–
UFPT	Exit	UFP TECHNOLOGIES INC COM	$0	–	-52,766	–	-0.07%	–
CPK	Exit	CHESAPEAKE UTILS CORP COM	$0	–	-22,813	–	-0.07%	–
CSCD	Exit	CASCADE MICROTECH INC COM	$0	–	-87,152	–	-0.07%	–
COBZ	Exit	COBIZ FINANCIAL INC COM	$0	–	-96,341	–	-0.07%	–
PCBK	Exit	PACIFIC CONTINENTAL CORP COM	$0	–	-92,985	–	-0.07%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-83,278	–	-0.07%	–
NP	Exit	NEENAH PAPER INC COM	$0	–	-21,891	–	-0.07%	–
IOSP	Exit	INNOSPEC INC COM	$0	–	-28,295	–	-0.07%	–
OKSB	Exit	SOUTHWEST BANCORP INC OKLA COM	$0	–	-80,176	–	-0.07%	–
STFC	Exit	STATE AUTO FINL CORP COM	$0	–	-58,186	–	-0.08%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-46,949	–	-0.08%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-60,212	–	-0.08%	–
USPH	Exit	U S PHYSICAL THERAPY INC COM	$0	–	-31,768	–	-0.08%	–
TER	Exit	TERADYNE INC COM	$0	–	-78,892	–	-0.08%	–
CBZ	Exit	CBIZ INC COM	$0	–	-146,740	–	-0.08%	–
HSKA	Exit	HESKA CORP COM RESTRC NEW	$0	–	-47,518	–	-0.08%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-47,003	–	-0.08%	–
STC	Exit	STEWART INFORMATION SVCS CORP	$0	–	-35,706	–	-0.08%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-149,794	–	-0.08%	–
SP	Exit	SP PLUS CORP COM	$0	–	-63,310	–	-0.08%	–
IXYS	Exit	IXYS CORP COM	$0	–	-132,903	–	-0.08%	–
LXFR	Exit	LUXFER HLDGS PLC SPONSORED ADR	$0	–	-136,481	–	-0.08%	–
CVCO	Exit	CAVCO INDS INC DEL COM	$0	–	-21,787	–	-0.08%	–
ARTNA	Exit	ARTESIAN RESOURCES CORP CL A	$0	–	-62,049	–	-0.08%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-95,225	–	-0.09%	–
MSFG	Exit	MAINSOURCE FINANCIAL GP INC CO	$0	–	-76,482	–	-0.09%	–
CCF	Exit	CHASE CORP COM	$0	–	-39,788	–	-0.09%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES INC	$0	–	-87,323	–	-0.09%	–
TRIB	Exit	TRINITY BIOTECH PLC SPON ADR N	$0	–	-146,525	–	-0.09%	–
CRWS	Exit	CROWN CRAFTS INC COM	$0	–	-211,306	–	-0.10%	–
RGCO	Exit	RGC RES INC COM	$0	–	-87,472	–	-0.10%	–
NEWS	Exit	NEWSTAR FINANCIAL INC COM	$0	–	-213,985	–	-0.10%	–
DOC	Exit	PHYSICIANS RLTY TR COM	$0	–	-126,082	–	-0.11%	–
UTL	Exit	UNITIL CORP COM	$0	–	-52,891	–	-0.11%	–
HURC	Exit	HURCO COMPANIES INC COM	$0	–	-75,632	–	-0.11%	–
BBY	Exit	BEST BUY INC COM	$0	–	-54,506	–	-0.11%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR COM	$0	–	-151,160	–	-0.13%	–
ICFI	Exit	ICF INTL INC COM	$0	–	-74,810	–	-0.13%	–
ADC	Exit	AGREE REALTY CORP COM	$0	–	-77,780	–	-0.13%	–
MRLN	Exit	MARLIN BUSINESS SVCS CORP COM	$0	–	-149,856	–	-0.13%	–
WCIC	Exit	WCI CMNTYS INC COM PAR $0.01	$0	–	-102,865	–	-0.13%	–
PSTB	Exit	PARK STERLING CORP COM	$0	–	-349,752	–	-0.13%	–
REXR	Exit	REXFORD INDL RLTY INC COM	$0	–	-177,230	–	-0.14%	–
CHFN	Exit	CHARTER FINL CORP MD COM	$0	–	-194,831	–	-0.14%	–
CBF	Exit	CAPITAL BK FINL CORP CL A COM	$0	–	-101,294	–	-0.17%	–
SSP	Exit	SCRIPPS E W CO OHIO CL A NEW	$0	–	-178,394	–	-0.18%	–
SLI	Exit	S L INDS INC COM	$0	–	-94,419	–	-0.18%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-144,124	–	-0.18%	–
NUTR	Exit	NUTRACEUTICAL INTL CORP COM	$0	–	-215,076	–	-0.28%	–
CRDB	Exit	CRAWFORD & CO CL B	$0	–	-938,099	–	-0.30%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO C	$0	–	-104,906	–	-0.32%	–
STJ	Exit	ST JUDE MED INC COM	$0	–	-90,932	–	-0.32%	–
DECK	Exit	DECKERS OUTDOOR CORP COM	$0	–	-120,893	–	-0.39%	–
OMC	Exit	OMNICOM GROUP INC COM	$0	–	-125,000	–	-0.46%	–
PDS	Exit	PRECISION DRILLING CORP COM 20	$0	–	-2,275,107	–	-0.48%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-917,852	–	-0.48%	–
EVC	Exit	ENTRAVISION COMMUNICATIONS CP	$0	–	-1,322,088	–	-0.49%	–
UFCS	Exit	UNITED FIRE GROUP INC COM	$0	–	-261,811	–	-0.52%	–
OEC	Exit	ORION ENGINEERED CARBONS S A C	$0	–	-667,073	–	-0.54%	–
CLW	Exit	CLEARWATER PAPER CORP COM	$0	–	-220,071	–	-0.58%	–
CATO	Exit	CATO CORP NEW CL A	$0	–	-310,030	–	-0.59%	–
ELOS	Exit	SYNERON MEDICAL LTD ORD SHS	$0	–	-1,473,613	–	-0.59%	–
KIRK	Exit	KIRKLANDS INC COM	$0	–	-497,529	–	-0.60%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-345,603	–	-0.61%	–
HMN	Exit	HORACE MANN EDUCATORS CORP NEW	$0	–	-328,843	–	-0.61%	–
GCO	Exit	GENESCO INC COM	$0	–	-193,724	–	-0.62%	–
AEL	Exit	AMERICAN EQTY INVT LIFE HLD CO	$0	–	-482,495	–	-0.63%	–
NTCT	Exit	NETSCOUT SYS INC COM	$0	–	-326,955	–	-0.65%	–
KNX	Exit	KNIGHT TRANSN INC COM	$0	–	-487,031	–	-0.66%	–
CACI	Exit	CACI INTL INC CL A	$0	–	-159,721	–	-0.66%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-153,278	–	-0.69%	–
BHI	Exit	BAKER HUGHES INC COM	$0	–	-237,951	–	-0.70%	–
PEGA	Exit	PEGASYSTEMS INC COM	$0	–	-506,014	–	-0.70%	–
HWC	Exit	HANCOCK HLDG CO COM	$0	–	-465,889	–	-0.71%	–
SHLM	Exit	SCHULMAN A INC COM	$0	–	-393,658	–	-0.72%	–
FAF	Exit	FIRST AMERN FINL CORP COM	$0	–	-333,414	–	-0.73%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-441,886	–	-0.73%	–
CTBI	Exit	COMMUNITY TR BANCORP INC COM	$0	–	-375,503	–	-0.75%	–
EME	Exit	EMCOR GROUP INC COM	$0	–	-302,254	–	-0.75%	–
MOH	Exit	MOLINA HEALTHCARE INC COM	$0	–	-196,220	–	-0.76%	–
PTC	Exit	PTC INC COM	$0	–	-425,871	–	-0.76%	–
MMSI	Exit	MERIT MED SYS INC COM	$0	–	-567,751	–	-0.76%	–
WMK	Exit	WEIS MKTS INC COM	$0	–	-330,824	–	-0.78%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-770,556	–	-0.78%	–
KFY	Exit	KORN FERRY INTL COM NEW	$0	–	-418,650	–	-0.78%	–
TOWR	Exit	TOWER INTL INC COM	$0	–	-589,713	–	-0.79%	–
FULT	Exit	FULTON FINL CORP PA COM	$0	–	-1,157,948	–	-0.79%	–
SCS	Exit	STEELCASE INC CL A	$0	–	-765,447	–	-0.79%	–
PTEN	Exit	PATTERSON UTI ENERGY INC COM	$0	–	-1,092,266	–	-0.81%	–
GLT	Exit	GLATFELTER COM	$0	–	-843,953	–	-0.82%	–
KSS	Exit	KOHLS CORP COM	$0	–	-315,257	–	-0.82%	–
AVGTF	Exit	AVG TECHNOLOGIES N V SHS	$0	–	-674,905	–	-0.82%	–
CYT	Exit	CYTEC INDS INC COM	$0	–	-199,181	–	-0.83%	–
ALOG	Exit	ANALOGIC CORP COM PAR $0.05	$0	–	-185,014	–	-0.85%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-1,094,681	–	-0.86%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-701,491	–	-0.87%	–
MHLD	Exit	MAIDEN HOLDINGS LTD SHS	$0	–	-1,119,863	–	-0.87%	–
TBI	Exit	TRUEBLUE INC COM	$0	–	-701,221	–	-0.88%	–
HT	Exit	HERSHA HOSPITALITY TR PR SHS B	$0	–	-697,994	–	-0.89%	–
BBBY	Exit	BED BATH & BEYOND INC COM	$0	–	-278,048	–	-0.89%	–
FMBI	Exit	FIRST MIDWEST BANCORP DEL COM	$0	–	-904,685	–	-0.89%	–
CLNY	Exit	COLONY CAP INC CL A	$0	–	-813,312	–	-0.89%	–
MMM	Exit	3M CO COM	$0	–	-112,639	–	-0.90%	–
MAA	Exit	MID-AMER APT CMNTYS INC COM	$0	–	-199,264	–	-0.92%	–
NPBC	Exit	NATIONAL PENN BANCSHARES INC C	$0	–	-1,402,689	–	-0.93%	–
LNC	Exit	LINCOLN NATL CORP IND COM	$0	–	-354,337	–	-0.94%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-643,056	–	-0.94%	–
KRG	Exit	KITE RLTY GROUP TR COM NEW	$0	–	-712,477	–	-0.95%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-876,225	–	-0.96%	–
BMR	Exit	BIOMED REALTY TRUST INC COM	$0	–	-856,669	–	-0.96%	–
SUI	Exit	SUN CMNTYS INC COM	$0	–	-254,240	–	-0.97%	–
EMN	Exit	EASTMAN CHEM CO COM	$0	–	-268,862	–	-0.98%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-433,174	–	-0.98%	–
SERV	Exit	SERVICEMASTER GLOBAL HLDGS INC	$0	–	-521,501	–	-0.98%	–
AVA	Exit	AVISTA CORP COM	$0	–	-538,775	–	-1.01%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQ INC	$0	–	-214,574	–	-1.02%	–
VVC	Exit	VECTREN CORP COM	$0	–	-432,729	–	-1.02%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-1,515,997	–	-1.05%	–
XL	Exit	XL GROUP PLC SHS	$0	–	-519,317	–	-1.06%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-344,033	–	-1.09%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-2,179,426	–	-1.10%	–
ACE	Exit	ACE LTD SHS	$0	–	-190,575	–	-1.11%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-558,695	–	-1.11%	–
RBC	Exit	REGAL BELOIT CORP COM	$0	–	-350,624	–	-1.11%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-556,339	–	-1.16%	–
BRSS	Exit	GLOBAL BRASS & COPPR HLDGS INC	$0	–	-1,014,052	–	-1.17%	–
KEY	Exit	KEYCORP NEW COM	$0	–	-1,605,264	–	-1.17%	–
UNP	Exit	UNION PAC CORP COM	$0	–	-237,038	–	-1.18%	–
GIS	Exit	GENERAL MLS INC COM	$0	–	-376,641	–	-1.19%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-1,339,658	–	-1.20%	–
STI	Exit	SUNTRUST BKS INC COM	$0	–	-563,342	–	-1.21%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC CO	$0	–	-358,215	–	-1.23%	–
SYK	Exit	STRYKER CORP COM	$0	–	-232,368	–	-1.23%	–
RRC	Exit	RANGE RES CORP COM	$0	–	-708,287	–	-1.28%	–
SU	Exit	SUNCOR ENERGY INC NEW COM	$0	–	-857,082	–	-1.29%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-574,714	–	-1.29%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-799,622	–	-1.40%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-316,113	–	-1.41%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-623,945	–	-1.48%	–
WEC	Exit	WEC ENERGY GROUP INC COM	$0	–	-520,586	–	-1.53%	–
TWX	Exit	TIME WARNER INC COM NEW	$0	–	-423,400	–	-1.64%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-1,194,080	–	-1.76%	–
T	Exit	AT&T INC COM	$0	–	-1,029,702	–	-1.88%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-551,510	–	-1.89%	–
THO	Exit	THOR INDS INC COM	$0	–	-678,909	–	-1.98%	–
PFE	Exit	PFIZER INC COM	$0	–	-1,332,693	–	-2.35%	–
PDCE	Exit	PDC ENERGY INC COM	$0	–	-793,832	–	-2.36%	–

Q3 2015

			Value		Shares		↓ Weighting
PDCE	Buy	PDC ENERGY INC COM	$42,081,000	+17.8%	793,832	+19.2%	2.36%	+27.8%
PFE	Sell	PFIZER INC COM	$41,860,000	-13.9%	1,332,693	-8.1%	2.35%	-6.6%
THO	Buy	THOR INDS INC COM	$35,167,000	-4.6%	678,909	+3.7%	1.98%	+3.5%
JPM	Sell	JPMORGAN CHASE & CO COM	$33,626,000	-15.1%	551,510	-5.7%	1.89%	-8.0%
T	Buy	AT&T INC COM	$33,548,000	+54.6%	1,029,702	+68.5%	1.88%	+67.6%
CSCO	Sell	CISCO SYS INC COM	$31,345,000	-6.9%	1,194,080	-2.7%	1.76%	+0.9%
TWX	Buy	TIME WARNER INC COM NEW	$29,109,000	-1.7%	423,400	+25.0%	1.64%	+6.7%
WEC	Sell	WEC ENERGY GROUP INC COM	$27,185,000	+9.6%	520,586	-5.6%	1.53%	+18.8%
PEG	Sell	PUBLIC SVC ENTERPRISE GROUP CO	$26,306,000	+1.3%	623,945	-5.6%	1.48%	+9.9%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$25,077,000	-5.9%	316,113	-5.7%	1.41%	+2.0%
IVZ	Sell	INVESCO LTD SHS	$24,972,000	-19.2%	799,622	-2.9%	1.40%	-12.3%
CIT	Sell	CIT GROUP INC COM NEW	$23,006,000	-19.0%	574,714	-5.9%	1.29%	-12.2%
SU	Buy	SUNCOR ENERGY INC NEW COM	$22,901,000	+24.1%	857,082	+27.8%	1.29%	+34.7%
RRC	Buy	RANGE RES CORP COM	$22,750,000	-19.2%	708,287	+24.2%	1.28%	-12.3%
SYK	Sell	STRYKER CORP COM	$21,866,000	-15.0%	232,368	-13.7%	1.23%	-7.8%
ODFL	Buy	OLD DOMINION FGHT LINES INC CO	$21,851,000	-5.3%	358,215	+6.5%	1.23%	+2.8%
STI	Sell	SUNTRUST BKS INC COM	$21,542,000	-16.0%	563,342	-5.5%	1.21%	-8.9%
RDN	Buy	RADIAN GROUP INC COM	$21,314,000	-11.9%	1,339,658	+3.9%	1.20%	-4.5%
GIS	Sell	GENERAL MLS INC COM	$21,141,000	-5.1%	376,641	-5.8%	1.19%	+2.9%
UNP	Buy	UNION PAC CORP COM	$20,957,000	+2.7%	237,038	+10.8%	1.18%	+11.4%
KEY	Sell	KEYCORP NEW COM	$20,884,000	-18.2%	1,605,264	-5.5%	1.17%	-11.3%
BRSS	Buy	GLOBAL BRASS & COPPR HLDGS INC	$20,798,000	+25.9%	1,014,052	+4.4%	1.17%	+36.6%
POR	Buy	PORTLAND GEN ELEC CO COM NEW	$20,568,000	+16.9%	556,339	+4.8%	1.16%	+26.8%
RBC	Sell	REGAL BELOIT CORP COM	$19,793,000	-26.4%	350,624	-5.3%	1.11%	-20.1%
HAL	Sell	HALLIBURTON CO COM	$19,750,000	-22.3%	558,695	-5.3%	1.11%	-15.7%
ACE	Sell	ACE LTD SHS	$19,705,000	-4.4%	190,575	-6.0%	1.11%	+3.7%
RF	Sell	REGIONS FINL CORP NEW COM	$19,637,000	-17.9%	2,179,426	-5.6%	1.10%	-11.0%
ADI	Sell	ANALOG DEVICES INC COM	$19,407,000	-16.6%	344,033	-5.1%	1.09%	-9.5%
XL	New	XL GROUP PLC SHS	$18,862,000	–	519,317	–	1.06%	–
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$18,677,000	+36.7%	1,515,997	+47.4%	1.05%	+48.4%
VVC	Buy	VECTREN CORP COM	$18,179,000	+14.8%	432,729	+5.1%	1.02%	+24.5%
ARE	Sell	ALEXANDRIA REAL ESTATE EQ INC	$18,168,000	-8.7%	214,574	-5.7%	1.02%	-1.0%
AVA	Buy	AVISTA CORP COM	$17,914,000	+14.1%	538,775	+5.1%	1.01%	+23.7%
SERV	Buy	SERVICEMASTER GLOBAL HLDGS INC	$17,496,000	-2.4%	521,501	+5.2%	0.98%	+5.9%
ABT	Sell	ABBOTT LABS COM	$17,422,000	-29.8%	433,174	-14.3%	0.98%	-23.9%
EMN	Sell	EASTMAN CHEM CO COM	$17,401,000	-25.3%	268,862	-5.5%	0.98%	-19.0%
SUI	Buy	SUN CMNTYS INC COM	$17,227,000	+15.2%	254,240	+5.1%	0.97%	+24.9%
BMR	Buy	BIOMED REALTY TRUST INC COM	$17,116,000	+23.5%	856,669	+19.5%	0.96%	+33.8%
PFS	Buy	PROVIDENT FINL SVCS INC COM	$17,086,000	+10.0%	876,225	+7.1%	0.96%	+19.4%
KRG	Buy	KITE RLTY GROUP TR COM NEW	$16,964,000	+36.4%	712,477	+40.2%	0.95%	+48.0%
SASR	Buy	SANDY SPRING BANCORP INC COM	$16,835,000	+5.0%	643,056	+12.2%	0.94%	+13.9%
LNC	Sell	LINCOLN NATL CORP IND COM	$16,817,000	-39.1%	354,337	-24.0%	0.94%	-33.9%
NPBC	Buy	NATIONAL PENN BANCSHARES INC C	$16,482,000	+9.5%	1,402,689	+5.1%	0.93%	+18.7%
MAA	Buy	MID-AMER APT CMNTYS INC COM	$16,314,000	+20.2%	199,264	+6.9%	0.92%	+30.3%
MMM	Sell	3M CO COM	$15,969,000	-17.1%	112,639	-9.7%	0.90%	-10.0%
CLNY	Buy	COLONY CAP INC CL A	$15,908,000	+21.7%	813,312	+40.9%	0.89%	+31.9%
FMBI	Buy	FIRST MIDWEST BANCORP DEL COM	$15,868,000	-2.8%	904,685	+5.1%	0.89%	+5.3%
BBBY	Buy	BED BATH & BEYOND INC COM	$15,854,000	-16.0%	278,048	+1.6%	0.89%	-8.9%
HT	Buy	HERSHA HOSPITALITY TR PR SHS B	$15,817,000	+9.7%	697,994	+24.1%	0.89%	+18.9%
TBI	Buy	TRUEBLUE INC COM	$15,756,000	+11.8%	701,221	+48.7%	0.88%	+21.2%
KW	Buy	KENNEDY-WILSON HLDGS INC COM	$15,552,000	+19.6%	701,491	+32.7%	0.87%	+29.7%
MHLD	Buy	MAIDEN HOLDINGS LTD SHS	$15,544,000	+556.7%	1,119,863	+646.6%	0.87%	+609.8%
ONB	Buy	OLD NATL BANCORP IND COM	$15,249,000	+1.3%	1,094,681	+5.1%	0.86%	+9.7%
ALOG	Buy	ANALOGIC CORP COM PAR $0.05	$15,179,000	+19.8%	185,014	+15.3%	0.85%	+29.9%
CYT	Sell	CYTEC INDS INC COM	$14,710,000	+9.1%	199,181	-10.5%	0.83%	+18.3%
AVGTF	Buy	AVG TECHNOLOGIES N V SHS	$14,679,000	-16.1%	674,905	+5.0%	0.82%	-9.1%
KSS	Sell	KOHLS CORP COM	$14,600,000	-28.3%	315,257	-3.1%	0.82%	-22.3%
GLT	Sell	GLATFELTER COM	$14,533,000	-22.0%	843,953	-0.4%	0.82%	-15.4%
PTEN	Buy	PATTERSON UTI ENERGY INC COM	$14,352,000	+2.8%	1,092,266	+47.2%	0.81%	+11.5%
SCS	Buy	STEELCASE INC CL A	$14,092,000	+1.9%	765,447	+4.7%	0.79%	+10.5%
FULT	Buy	FULTON FINL CORP PA COM	$14,011,000	+9.4%	1,157,948	+18.1%	0.79%	+18.7%
TOWR	Buy	TOWER INTL INC COM	$14,012,000	+7.1%	589,713	+17.4%	0.79%	+16.2%
KFY	Sell	KORN FERRY INTL COM NEW	$13,845,000	-21.6%	418,650	-17.6%	0.78%	-15.0%
ASB	Buy	ASSOCIATED BANC CORP COM	$13,847,000	-6.8%	770,556	+5.1%	0.78%	+1.0%
WMK	Buy	WEIS MKTS INC COM	$13,812,000	+3.7%	330,824	+4.7%	0.78%	+12.5%
MMSI	Sell	MERIT MED SYS INC COM	$13,575,000	-3.3%	567,751	-12.9%	0.76%	+4.8%
MOH	Buy	MOLINA HEALTHCARE INC COM	$13,510,000	+2.8%	196,220	+4.9%	0.76%	+11.5%
PTC	Buy	PTC INC COM	$13,517,000	-18.9%	425,871	+4.8%	0.76%	-12.1%
EME	Buy	EMCOR GROUP INC COM	$13,375,000	-3.1%	302,254	+4.6%	0.75%	+5.0%
CTBI	New	COMMUNITY TR BANCORP INC COM	$13,334,000	–	375,503	–	0.75%	–
MLI	Buy	MUELLER INDS INC COM	$13,071,000	-11.0%	441,886	+4.5%	0.73%	-3.4%
FAF	Buy	FIRST AMERN FINL CORP COM	$13,026,000	+10.4%	333,414	+5.1%	0.73%	+19.8%
SHLM	Buy	SCHULMAN A INC COM	$12,782,000	-16.6%	393,658	+12.3%	0.72%	-9.6%
HWC	Buy	HANCOCK HLDG CO COM	$12,602,000	-10.9%	465,889	+5.1%	0.71%	-3.3%
PEGA	Sell	PEGASYSTEMS INC COM	$12,453,000	-13.4%	506,014	-19.4%	0.70%	-6.2%
BHI	Sell	BAKER HUGHES INC COM	$12,383,000	-21.5%	237,951	-6.9%	0.70%	-14.8%
KALU	Buy	KAISER ALUMINUM CORP COM PAR $	$12,301,000	+1.9%	153,278	+5.5%	0.69%	+10.6%
CACI	Buy	CACI INTL INC CL A	$11,815,000	+6.3%	159,721	+16.2%	0.66%	+15.3%
KNX	New	KNIGHT TRANSN INC COM	$11,689,000	–	487,031	–	0.66%	–
NTCT	Buy	NETSCOUT SYS INC COM	$11,564,000	+1.3%	326,955	+5.1%	0.65%	+9.8%
AEL	Buy	AMERICAN EQTY INVT LIFE HLD CO	$11,247,000	-8.4%	482,495	+6.0%	0.63%	-0.6%
GCO	Buy	GENESCO INC COM	$11,056,000	+9.3%	193,724	+26.4%	0.62%	+18.5%
HMN	Buy	HORACE MANN EDUCATORS CORP NEW	$10,924,000	+19.6%	328,843	+31.0%	0.61%	+29.6%
WSBC	Buy	WESBANCO INC COM	$10,869,000	-2.9%	345,603	+5.0%	0.61%	+5.2%
KIRK	Buy	KIRKLANDS INC COM	$10,717,000	-21.4%	497,529	+1.7%	0.60%	-14.7%
CATO	Buy	CATO CORP NEW CL A	$10,550,000	-8.2%	310,030	+4.5%	0.59%	-0.5%
ELOS	Buy	SYNERON MEDICAL LTD ORD SHS	$10,536,000	-13.3%	1,473,613	+28.8%	0.59%	-5.9%
CLW	Buy	CLEARWATER PAPER CORP COM	$10,396,000	-13.7%	220,071	+4.7%	0.58%	-6.4%
OEC	Buy	ORION ENGINEERED CARBONS S A C	$9,639,000	+16.1%	667,073	+48.3%	0.54%	+25.8%
UFCS	Sell	UNITED FIRE GROUP INC COM	$9,176,000	-32.4%	261,811	-36.8%	0.52%	-26.7%
EVC	Sell	ENTRAVISION COMMUNICATIONS CP	$8,779,000	-61.0%	1,322,088	-51.7%	0.49%	-57.7%
PDS	Buy	PRECISION DRILLING CORP COM 20	$8,463,000	-13.7%	2,275,107	+55.9%	0.48%	-6.5%
CUZ	Buy	COUSINS PPTYS INC COM	$8,463,000	-6.3%	917,852	+5.4%	0.48%	+1.5%
OMC	New	OMNICOM GROUP INC COM	$8,238,000	–	125,000	–	0.46%	–
DECK	New	DECKERS OUTDOOR CORP COM	$7,019,000	–	120,893	–	0.39%	–
STJ	Buy	ST JUDE MED INC COM	$5,737,000	-13.2%	90,932	+0.6%	0.32%	-5.8%
RS	Buy	RELIANCE STEEL & ALUMINUM CO C	$5,666,000	-1.2%	104,906	+10.7%	0.32%	+7.1%
CRDB	Sell	CRAWFORD & CO CL B	$5,263,000	-46.2%	938,099	-19.1%	0.30%	-41.5%
NUTR	Sell	NUTRACEUTICAL INTL CORP COM	$5,078,000	-20.7%	215,076	-16.9%	0.28%	-14.2%
ARKR	Buy	ARK RESTAURANTS CORP COM	$3,293,000	-2.6%	144,124	+6.7%	0.18%	+5.7%
SLI	Buy	S L INDS INC COM	$3,210,000	-2.2%	94,419	+11.1%	0.18%	+5.9%
SSP	Sell	SCRIPPS E W CO OHIO CL A NEW	$3,152,000	-23.3%	178,394	-0.8%	0.18%	-16.9%
CBF	Buy	CAPITAL BK FINL CORP CL A COM	$3,062,000	+9.6%	101,294	+5.4%	0.17%	+18.6%
CHFN	Sell	CHARTER FINL CORP MD COM	$2,470,000	+2.1%	194,831	-0.1%	0.14%	+11.2%
REXR	Buy	REXFORD INDL RLTY INC COM	$2,444,000	+20.5%	177,230	+27.4%	0.14%	+30.5%
PSTB	Sell	PARK STERLING CORP COM	$2,378,000	-5.7%	349,752	-0.1%	0.13%	+2.3%
WCIC	Buy	WCI CMNTYS INC COM PAR $0.01	$2,328,000	-4.0%	102,865	+3.4%	0.13%	+4.0%
MRLN	Buy	MARLIN BUSINESS SVCS CORP COM	$2,306,000	+45.1%	149,856	+59.2%	0.13%	+58.5%
ADC	Buy	AGREE REALTY CORP COM	$2,322,000	+15.0%	77,780	+12.3%	0.13%	+23.8%
ICFI	Buy	ICF INTL INC COM	$2,273,000	+0.6%	74,810	+15.4%	0.13%	+9.4%
RPT	Buy	RAMCO-GERSHENSON PPTYS TR COM	$2,269,000	+17.8%	151,160	+28.1%	0.13%	+27.0%
BBY	Buy	BEST BUY INC COM	$2,023,000	+52.8%	54,506	+34.3%	0.11%	+65.2%
HURC	New	HURCO COMPANIES INC COM	$1,985,000	–	75,632	–	0.11%	–
UTL	Sell	UNITIL CORP COM	$1,951,000	+10.3%	52,891	-1.3%	0.11%	+19.6%
DOC	Sell	PHYSICIANS RLTY TR COM	$1,903,000	-2.6%	126,082	-0.9%	0.11%	+5.9%
NEWS	Sell	NEWSTAR FINANCIAL INC COM	$1,755,000	-25.5%	213,985	-0.1%	0.10%	-18.9%
RGCO	Buy	RGC RES INC COM	$1,767,000	+1.1%	87,472	+0.1%	0.10%	+8.8%
CRWS	Buy	CROWN CRAFTS INC COM	$1,733,000	+9.1%	211,306	+6.5%	0.10%	+18.3%
TRIB	Sell	TRINITY BIOTECH PLC SPON ADR N	$1,676,000	-36.9%	146,525	-0.3%	0.09%	-31.4%
CMT	Buy	CORE MOLDING TECHNOLOGIES INC	$1,611,000	-1.0%	87,323	+22.5%	0.09%	+7.1%
CCF	Sell	CHASE CORP COM	$1,567,000	-2.3%	39,788	-1.4%	0.09%	+6.0%
MSFG	Sell	MAINSOURCE FINANCIAL GP INC CO	$1,557,000	-8.0%	76,482	-0.8%	0.09%	-1.1%
MRTN	Buy	MARTEN TRANS LTD COM	$1,540,000	+17.5%	95,225	+57.6%	0.09%	+26.5%
ARTNA	Sell	ARTESIAN RESOURCES CORP CL A	$1,498,000	+13.1%	62,049	-1.3%	0.08%	+21.7%
IXYS	Buy	IXYS CORP COM	$1,483,000	-15.7%	132,903	+15.6%	0.08%	-8.8%
LXFR	Buy	LUXFER HLDGS PLC SPONSORED ADR	$1,473,000	+10.3%	136,481	+32.9%	0.08%	+20.3%
CVCO	Buy	CAVCO INDS INC DEL COM	$1,483,000	+7.9%	21,787	+19.5%	0.08%	+16.9%
NKSH	Sell	NATIONAL BANKSHARES INC VA COM	$1,462,000	+5.4%	47,003	-0.9%	0.08%	+13.9%
SP	Sell	SP PLUS CORP COM	$1,466,000	-12.3%	63,310	-1.1%	0.08%	-5.7%
STC	Sell	STEWART INFORMATION SVCS CORP	$1,461,000	-25.1%	35,706	-27.1%	0.08%	-18.8%
TRNS	Buy	TRANSCAT INC COM	$1,460,000	+12.3%	149,794	+8.9%	0.08%	+22.4%
HSKA	Sell	HESKA CORP COM RESTRC NEW	$1,448,000	-14.7%	47,518	-16.9%	0.08%	-8.0%
CBZ	Sell	CBIZ INC COM	$1,441,000	+0.6%	146,740	-1.3%	0.08%	+9.5%
USPH	Sell	U S PHYSICAL THERAPY INC COM	$1,426,000	-30.3%	31,768	-14.9%	0.08%	-24.5%
TER	Buy	TERADYNE INC COM	$1,421,000	-6.4%	78,892	+0.2%	0.08%	+1.3%
EMCI	Sell	EMC INS GROUP INC COM	$1,398,000	-80.4%	60,212	-78.8%	0.08%	-78.6%
NRIM	Sell	NORTHRIM BANCORP INC COM	$1,358,000	+11.5%	46,949	-1.2%	0.08%	+20.6%
STFC	Sell	STATE AUTO FINL CORP COM	$1,327,000	-5.7%	58,186	-0.9%	0.08%	+2.7%
IOSP	Sell	INNOSPEC INC COM	$1,316,000	+2.4%	28,295	-0.9%	0.07%	+10.4%
OKSB	Sell	SOUTHWEST BANCORP INC OKLA COM	$1,316,000	-13.0%	80,176	-1.3%	0.07%	-5.1%
NP	Sell	NEENAH PAPER INC COM	$1,276,000	-2.0%	21,891	-0.9%	0.07%	+7.5%
CLCT	Sell	COLLECTORS UNIVERSE INC COM NE	$1,256,000	-25.3%	83,278	-1.2%	0.07%	-18.4%
COBZ	Sell	COBIZ FINANCIAL INC COM	$1,253,000	-1.8%	96,341	-1.3%	0.07%	+6.1%
PCBK	Buy	PACIFIC CONTINENTAL CORP COM	$1,238,000	+6.7%	92,985	+8.4%	0.07%	+16.7%
CSCD	Sell	CASCADE MICROTECH INC COM	$1,232,000	-8.3%	87,152	-1.3%	0.07%	-1.4%
UFPT	Sell	UFP TECHNOLOGIES INC COM	$1,206,000	+7.8%	52,766	-1.3%	0.07%	+17.2%
CPK	Sell	CHESAPEAKE UTILS CORP COM	$1,211,000	-2.5%	22,813	-1.1%	0.07%	+6.2%
DTSI	Sell	DTS INC COM	$1,190,000	-13.2%	44,583	-0.9%	0.07%	-5.6%
FIX	Sell	COMFORT SYS USA INC COM	$1,185,000	-22.1%	43,480	-34.4%	0.07%	-15.2%
HTBK	Sell	HERITAGE COMMERCE CORP COM	$1,200,000	+15.4%	105,844	-2.2%	0.07%	+24.1%
CACB	Sell	CASCADE BANCORP COM NEW	$1,178,000	+3.2%	217,702	-1.2%	0.07%	+11.9%
BFIN	Sell	BANKFINANCIAL CORP COM	$1,180,000	+4.1%	94,963	-1.2%	0.07%	+11.9%
RSO	New	RESOURCE CAP CORP COM NEW	$1,149,000	–	102,895	–	0.06%	–
FCBC	Sell	FIRST CMNTY BANCSHARES INC NEV	$1,134,000	-3.0%	63,339	-1.2%	0.06%	+4.9%
GSTCQ	Buy	GASTAR EXPL INC NEW COM	$1,132,000	-31.8%	984,103	+83.1%	0.06%	-25.6%
CUTR	Sell	CUTERA INC COM	$1,122,000	-31.2%	85,752	-18.6%	0.06%	-25.0%
AFOP	Sell	ALLIANCE FIBER OPTIC PRODS INC	$1,118,000	-22.0%	65,395	-15.3%	0.06%	-14.9%
AB	Buy	ALLIANCEBERNSTEIN HOLDING LP U	$1,060,000	-8.7%	39,856	+1.3%	0.06%	0.0%
BIF	Buy	BOULDER GROWTH & INCOME FD INC	$1,071,000	-10.5%	143,722	+1.4%	0.06%	-3.2%
MTSC	Sell	MTS SYS CORP COM	$1,028,000	-13.9%	17,098	-1.3%	0.06%	-6.5%
CBNK	Sell	CHICOPEE BANCORP INC COM	$1,025,000	-6.8%	63,917	-0.6%	0.06%	+1.8%
AXAS	Buy	ABRAXAS PETE CORP COM	$1,038,000	-23.7%	810,718	+75.8%	0.06%	-17.1%
LDL	Sell	LYDALL INC DEL COM	$1,020,000	-4.9%	35,795	-1.3%	0.06%	+1.8%
AMSWA	Sell	AMERICAN SOFTWARE INC CL A	$1,018,000	-1.9%	108,090	-1.1%	0.06%	+5.6%
UHS	New	UNIVERSAL HLTH SVCS INC CL B	$1,000,000	–	8,010	–	0.06%	–
PLPC	New	PREFORMED LINE PRODS CO COM	$955,000	–	25,713	–	0.05%	–
SSINQ	Sell	STAGE STORES INC COM NEW	$938,000	-44.6%	95,321	-1.3%	0.05%	-39.8%
EXAC	Sell	EXACTECH INC COM	$910,000	-17.3%	52,226	-1.2%	0.05%	-10.5%
FSTR	Sell	FOSTER L B CO COM	$883,000	-94.8%	71,884	-85.3%	0.05%	-94.3%
YHOO	Buy	YAHOO INC COM	$885,000	-25.4%	30,602	+1.4%	0.05%	-18.0%
CHRW	New	C H ROBINSON WORLDWIDE INC COM	$876,000	–	12,920	–	0.05%	–
KINS	Buy	KINGSTONE COS INC COM	$815,000	+15.3%	94,382	+1.4%	0.05%	+24.3%
USLM	Sell	UNITED STATES LIME & MINERALS	$805,000	-22.1%	17,635	-0.9%	0.04%	-16.7%
PESXQ	Buy	PIONEER ENERGY SVCS CORP COM	$778,000	-36.5%	370,697	+91.8%	0.04%	-30.2%
WDR	Buy	WADDELL & REED FINL INC CL A	$753,000	-25.6%	21,670	+1.3%	0.04%	-19.2%
SFG	Sell	STANCORP FINL GROUP INC COM	$531,000	+44.3%	4,647	-4.6%	0.03%	+57.9%
ED	Sell	CONSOLIDATED EDISON INC COM	$540,000	+13.7%	8,071	-1.7%	0.03%	+20.0%
LEA	Sell	LEAR CORP COM NEW	$464,000	-6.1%	4,263	-3.2%	0.03%	0.0%
DRE	Buy	DUKE REALTY CORP COM NEW	$429,000	+2.4%	22,542	+0.0%	0.02%	+9.1%
AHL	Sell	ASPEN INSURANCE HOLDINGS LTD S	$417,000	-6.1%	8,974	-3.2%	0.02%	0.0%
WOOF	Sell	VCA INC COM	$417,000	-6.3%	7,926	-3.2%	0.02%	0.0%
FCEA	Buy	FOREST CITY ENTERPRISES INC CL	$401,000	+0.5%	19,901	+10.4%	0.02%	+9.5%
EE	Sell	EL PASO ELEC CO COM NEW	$383,000	+3.0%	10,393	-3.2%	0.02%	+15.8%
AFG	Sell	AMERICAN FINL GROUP INC OHIO C	$385,000	+2.4%	5,591	-3.3%	0.02%	+15.8%
NTRS	Buy	NORTHERN TR CORP COM	$366,000	+14.7%	5,375	+28.9%	0.02%	+23.5%
RGC	Sell	REGAL ENTMT GROUP CL A	$372,000	-13.5%	19,905	-3.3%	0.02%	-4.5%
PNM	Sell	PNM RES INC COM	$374,000	+10.3%	13,317	-3.2%	0.02%	+16.7%
NXPI	Sell	NXP SEMICONDUCTORS N V COM	$355,000	-14.0%	4,073	-3.2%	0.02%	-4.8%
VAL	Sell	VALSPAR CORP COM	$364,000	-13.9%	5,067	-2.1%	0.02%	-9.1%
IPG	Buy	INTERPUBLIC GROUP COS INC COM	$351,000	+2.0%	18,348	+2.8%	0.02%	+11.1%
ALK	Sell	ALASKA AIR GROUP INC COM	$348,000	-4.4%	4,384	-22.4%	0.02%	+5.3%
TXT	Buy	TEXTRON INC COM	$330,000	-10.6%	8,769	+6.2%	0.02%	0.0%
TSS	Sell	TOTAL SYS SVCS INC COM	$336,000	-17.6%	7,399	-24.3%	0.02%	-9.5%
H	Sell	HYATT HOTELS CORP COM CL A	$267,000	-19.3%	5,673	-2.9%	0.02%	-11.8%
BBG	Buy	BARRETT BILL CORP COM	$144,000	-20.0%	43,510	+107.4%	0.01%	-11.1%
REI	Exit	RING ENERGY INC COM	$0	–	-11,043	–	-0.01%	–
WASH	Exit	WASHINGTON TR BANCORP COM	$0	–	-22,253	–	-0.05%	–
NNBR	Exit	NN INC COM	$0	–	-36,841	–	-0.05%	–
PIPR	Exit	PIPER JAFFRAY COS COM	$0	–	-26,177	–	-0.06%	–
CULP	Exit	CULP INC COM	$0	–	-50,679	–	-0.08%	–
RSO	Exit	RESOURCE CAP CORP COM	$0	–	-416,944	–	-0.08%	–
GBL	Exit	GAMCO INVESTORS INC COM	$0	–	-28,415	–	-0.10%	–
CHS	Exit	CHICOS FAS INC COM	$0	–	-507,450	–	-0.44%	–
ICLR	Exit	ICON PLC SHS	$0	–	-132,277	–	-0.46%	–
SWFT	Exit	SWIFT TRANSN CO CL A	$0	–	-465,807	–	-0.55%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-345,714	–	-1.16%	–
A309PS	Exit	DIRECTV COM	$0	–	-253,918	–	-1.22%	–
MAN	Exit	MANPOWERGROUP INC COM	$0	–	-271,442	–	-1.26%	–

Q2 2015

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC COM	$48,598,000	–	1,449,390	–	2.52%	–
JPM	New	JPMORGAN CHASE & CO COM	$39,620,000	–	584,706	–	2.05%	–
THO	New	THOR INDS INC COM	$36,856,000	–	654,867	–	1.91%	–
PDCE	New	PDC ENERGY INC COM	$35,712,000	–	665,767	–	1.85%	–
CSCO	New	CISCO SYS INC COM	$33,684,000	–	1,226,662	–	1.74%	–
IVZ	New	INVESCO LTD SHS	$30,887,000	–	823,879	–	1.60%	–
TWX	New	TIME WARNER INC COM NEW	$29,609,000	–	338,741	–	1.53%	–
CIT	New	CIT GROUP INC COM NEW	$28,401,000	–	610,907	–	1.47%	–
RRC	New	RANGE RES CORP COM	$28,157,000	–	570,207	–	1.46%	–
LNC	New	LINCOLN NATL CORP IND COM	$27,597,000	–	466,005	–	1.43%	–
RBC	New	REGAL BELOIT CORP COM	$26,877,000	–	370,254	–	1.39%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$26,659,000	–	335,124	–	1.38%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$25,957,000	–	660,811	–	1.34%	–
SYK	New	STRYKER CORP COM	$25,728,000	–	269,204	–	1.33%	–
STI	New	SUNTRUST BKS INC COM	$25,646,000	–	596,130	–	1.33%	–
KEY	New	KEYCORP NEW COM	$25,525,000	–	1,699,398	–	1.32%	–
HAL	New	HALLIBURTON CO COM	$25,402,000	–	589,781	–	1.32%	–
WEC	New	WEC ENERGY GROUP INC COM	$24,812,000	–	551,755	–	1.28%	–
ABT	New	ABBOTT LABS COM	$24,818,000	–	505,658	–	1.28%	–
MAN	New	MANPOWERGROUP INC COM	$24,261,000	–	271,442	–	1.26%	–
RDN	New	RADIAN GROUP INC COM	$24,194,000	–	1,289,671	–	1.25%	–
RF	New	REGIONS FINL CORP NEW COM	$23,930,000	–	2,309,848	–	1.24%	–
A309PS	New	DIRECTV COM	$23,561,000	–	253,918	–	1.22%	–
EMN	New	EASTMAN CHEM CO COM	$23,291,000	–	284,659	–	1.21%	–
ADI	New	ANALOG DEVICES INC COM	$23,273,000	–	362,586	–	1.20%	–
ODFL	New	OLD DOMINION FGHT LINES INC CO	$23,066,000	–	336,211	–	1.19%	–
EVC	New	ENTRAVISION COMMUNICATIONS CP	$22,511,000	–	2,735,244	–	1.17%	–
ALL	New	ALLSTATE CORP COM	$22,426,000	–	345,714	–	1.16%	–
GIS	New	GENERAL MLS INC COM	$22,268,000	–	399,646	–	1.15%	–
T	New	AT&T INC COM	$21,702,000	–	610,974	–	1.12%	–
ACE	New	ACE LTD SHS	$20,607,000	–	202,661	–	1.07%	–
UNP	New	UNION PAC CORP COM	$20,407,000	–	213,975	–	1.06%	–
KSS	New	KOHLS CORP COM	$20,376,000	–	325,451	–	1.06%	–
ARE	New	ALEXANDRIA REAL ESTATE EQ INC	$19,897,000	–	227,495	–	1.03%	–
MMM	New	3M CO COM	$19,252,000	–	124,771	–	1.00%	–
BBBY	New	BED BATH & BEYOND INC COM	$18,874,000	–	273,615	–	0.98%	–
GLT	New	GLATFELTER COM	$18,642,000	–	847,740	–	0.96%	–
SU	New	SUNCOR ENERGY INC NEW COM	$18,452,000	–	670,496	–	0.96%	–
SERV	New	SERVICEMASTER GLOBAL HLDGS INC	$17,931,000	–	495,744	–	0.93%	–
KFY	New	KORN FERRY INTL COM NEW	$17,667,000	–	508,110	–	0.92%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$17,598,000	–	530,687	–	0.91%	–
AVGTF	New	AVG TECHNOLOGIES N V SHS	$17,489,000	–	642,746	–	0.91%	–
FSTR	New	FOSTER L B CO COM	$16,947,000	–	489,650	–	0.88%	–
PTC	New	PTC INC COM	$16,668,000	–	406,339	–	0.86%	–
BRSS	New	GLOBAL BRASS & COPPR HLDGS INC	$16,521,000	–	971,265	–	0.86%	–
FMBI	New	FIRST MIDWEST BANCORP DEL COM	$16,329,000	–	860,781	–	0.85%	–
SASR	New	SANDY SPRING BANCORP INC COM	$16,038,000	–	573,189	–	0.83%	–
VVC	New	VECTREN CORP COM	$15,836,000	–	411,550	–	0.82%	–
BHI	New	BAKER HUGHES INC COM	$15,765,000	–	255,516	–	0.82%	–
AVA	New	AVISTA CORP COM	$15,707,000	–	512,477	–	0.81%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$15,536,000	–	818,090	–	0.80%	–
SHLM	New	SCHULMAN A INC COM	$15,331,000	–	350,673	–	0.79%	–
NPBC	New	NATIONAL PENN BANCSHARES INC C	$15,057,000	–	1,334,813	–	0.78%	–
ONB	New	OLD NATL BANCORP IND COM	$15,058,000	–	1,041,363	–	0.78%	–
SUI	New	SUN CMNTYS INC COM	$14,955,000	–	241,867	–	0.77%	–
ASB	New	ASSOCIATED BANC CORP COM	$14,864,000	–	733,321	–	0.77%	–
MLI	New	MUELLER INDS INC COM	$14,681,000	–	422,830	–	0.76%	–
HT	New	HERSHA HOSPITALITY TR PR SHS B	$14,423,000	–	562,509	–	0.75%	–
PEGA	New	PEGASYSTEMS INC COM	$14,378,000	–	628,114	–	0.74%	–
HWC	New	HANCOCK HLDG CO COM	$14,142,000	–	443,190	–	0.73%	–
TBI	New	TRUEBLUE INC COM	$14,099,000	–	471,543	–	0.73%	–
MMSI	New	MERIT MED SYS INC COM	$14,043,000	–	651,941	–	0.73%	–
PTEN	New	PATTERSON UTI ENERGY INC COM	$13,960,000	–	741,974	–	0.72%	–
BMR	New	BIOMED REALTY TRUST INC COM	$13,862,000	–	716,766	–	0.72%	–
SCS	New	STEELCASE INC CL A	$13,824,000	–	731,024	–	0.72%	–
EME	New	EMCOR GROUP INC COM	$13,801,000	–	288,896	–	0.72%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$13,661,000	–	1,028,710	–	0.71%	–
KIRK	New	KIRKLANDS INC COM	$13,636,000	–	489,256	–	0.71%	–
UFCS	New	UNITED FIRE GROUP INC COM	$13,575,000	–	414,376	–	0.70%	–
MAA	New	MID-AMER APT CMNTYS INC COM	$13,572,000	–	186,399	–	0.70%	–
CYT	New	CYTEC INDS INC COM	$13,477,000	–	222,654	–	0.70%	–
WMK	New	WEIS MKTS INC COM	$13,317,000	–	315,953	–	0.69%	–
MOH	New	MOLINA HEALTHCARE INC COM	$13,145,000	–	186,991	–	0.68%	–
TOWR	New	TOWER INTL INC COM	$13,081,000	–	502,148	–	0.68%	–
CLNY	New	COLONY CAP INC CL A	$13,071,000	–	577,092	–	0.68%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$12,999,000	–	528,648	–	0.67%	–
FULT	New	FULTON FINL CORP PA COM	$12,805,000	–	980,442	–	0.66%	–
ALOG	New	ANALOGIC CORP COM PAR $0.05	$12,666,000	–	160,527	–	0.66%	–
KRG	New	KITE RLTY GROUP TR COM NEW	$12,433,000	–	508,089	–	0.64%	–
AEL	New	AMERICAN EQTY INVT LIFE HLD CO	$12,280,000	–	455,138	–	0.64%	–
ELOS	New	SYNERON MEDICAL LTD ORD SHS	$12,155,000	–	1,144,504	–	0.63%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$12,066,000	–	145,235	–	0.62%	–
CLW	New	CLEARWATER PAPER CORP COM	$12,049,000	–	210,287	–	0.62%	–
FAF	New	FIRST AMERN FINL CORP COM	$11,804,000	–	317,224	–	0.61%	–
CATO	New	CATO CORP NEW CL A	$11,498,000	–	296,649	–	0.60%	–
NTCT	New	NETSCOUT SYS INC COM	$11,411,000	–	311,189	–	0.59%	–
WSBC	New	WESBANCO INC COM	$11,192,000	–	328,993	–	0.58%	–
CACI	New	CACI INTL INC CL A	$11,118,000	–	137,442	–	0.58%	–
SWFT	New	SWIFT TRANSN CO CL A	$10,560,000	–	465,807	–	0.55%	–
GCO	New	GENESCO INC COM	$10,119,000	–	153,254	–	0.52%	–
PDS	New	PRECISION DRILLING CORP COM 20	$9,808,000	–	1,459,559	–	0.51%	–
CRDB	New	CRAWFORD & CO CL B	$9,777,000	–	1,159,766	–	0.51%	–
HMN	New	HORACE MANN EDUCATORS CORP NEW	$9,135,000	–	251,111	–	0.47%	–
CUZ	New	COUSINS PPTYS INC COM	$9,036,000	–	870,525	–	0.47%	–
ICLR	New	ICON PLC SHS	$8,902,000	–	132,277	–	0.46%	–
CHS	New	CHICOS FAS INC COM	$8,439,000	–	507,450	–	0.44%	–
OEC	New	ORION ENGINEERED CARBONS S A C	$8,303,000	–	449,801	–	0.43%	–
EMCI	New	EMC INS GROUP INC COM	$7,136,000	–	284,654	–	0.37%	–
STJ	New	ST JUDE MED INC COM	$6,606,000	–	90,411	–	0.34%	–
NUTR	New	NUTRACEUTICAL INTL CORP COM	$6,403,000	–	258,812	–	0.33%	–
RS	New	RELIANCE STEEL & ALUMINUM CO C	$5,734,000	–	94,802	–	0.30%	–
SSP	New	SCRIPPS E W CO OHIO CL A NEW	$4,111,000	–	179,910	–	0.21%	–
ARKR	New	ARK RESTAURANTS CORP COM	$3,382,000	–	135,120	–	0.18%	–
SLI	New	S L INDS INC COM	$3,282,000	–	85,008	–	0.17%	–
CBF	New	CAPITAL BK FINL CORP CL A COM	$2,794,000	–	96,110	–	0.14%	–
TRIB	New	TRINITY BIOTECH PLC SPON ADR N	$2,654,000	–	146,982	–	0.14%	–
PSTB	New	PARK STERLING CORP COM	$2,522,000	–	350,227	–	0.13%	–
WCIC	New	WCI CMNTYS INC COM PAR $0.01	$2,426,000	–	99,477	–	0.13%	–
CHFN	New	CHARTER FINL CORP MD COM	$2,420,000	–	195,027	–	0.12%	–
MHLD	New	MAIDEN HOLDINGS LTD SHS	$2,367,000	–	150,000	–	0.12%	–
NEWS	New	NEWSTAR FINANCIAL INC COM	$2,356,000	–	214,142	–	0.12%	–
ICFI	New	ICF INTL INC COM	$2,259,000	–	64,799	–	0.12%	–
USPH	New	U S PHYSICAL THERAPY INC COM	$2,045,000	–	37,339	–	0.11%	–
REXR	New	REXFORD INDL RLTY INC COM	$2,028,000	–	139,124	–	0.10%	–
ADC	New	AGREE REALTY CORP COM	$2,020,000	–	69,251	–	0.10%	–
STC	New	STEWART INFORMATION SVCS CORP	$1,951,000	–	49,011	–	0.10%	–
DOC	New	PHYSICIANS RLTY TR COM	$1,953,000	–	127,172	–	0.10%	–
GBL	New	GAMCO INVESTORS INC COM	$1,952,000	–	28,415	–	0.10%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR COM	$1,926,000	–	118,005	–	0.10%	–
UTL	New	UNITIL CORP COM	$1,769,000	–	53,577	–	0.09%	–
RGCO	New	RGC RES INC COM	$1,748,000	–	87,387	–	0.09%	–
IXYS	New	IXYS CORP COM	$1,759,000	–	114,986	–	0.09%	–
SSINQ	New	STAGE STORES INC COM NEW	$1,693,000	–	96,569	–	0.09%	–
HSKA	New	HESKA CORP COM RESTRC NEW	$1,698,000	–	57,183	–	0.09%	–
MSFG	New	MAINSOURCE FINANCIAL GP INC CO	$1,692,000	–	77,075	–	0.09%	–
SP	New	SP PLUS CORP COM	$1,671,000	–	63,986	–	0.09%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$1,681,000	–	84,315	–	0.09%	–
GSTCQ	New	GASTAR EXPL INC NEW COM	$1,661,000	–	537,483	–	0.09%	–
RSO	New	RESOURCE CAP CORP COM	$1,614,000	–	416,944	–	0.08%	–
CMT	New	CORE MOLDING TECHNOLOGIES INC	$1,628,000	–	71,290	–	0.08%	–
CUTR	New	CUTERA INC COM	$1,631,000	–	105,335	–	0.08%	–
CCF	New	CHASE CORP COM	$1,604,000	–	40,354	–	0.08%	–
MRLN	New	MARLIN BUSINESS SVCS CORP COM	$1,589,000	–	94,125	–	0.08%	–
CRWS	New	CROWN CRAFTS INC COM	$1,588,000	–	198,474	–	0.08%	–
CULP	New	CULP INC COM	$1,571,000	–	50,679	–	0.08%	–
FIX	New	COMFORT SYS USA INC COM	$1,522,000	–	66,321	–	0.08%	–
TER	New	TERADYNE INC COM	$1,518,000	–	78,715	–	0.08%	–
OKSB	New	SOUTHWEST BANCORP INC OKLA COM	$1,512,000	–	81,234	–	0.08%	–
CBZ	New	CBIZ INC COM	$1,433,000	–	148,633	–	0.07%	–
AFOP	New	ALLIANCE FIBER OPTIC PRODS INC	$1,433,000	–	77,235	–	0.07%	–
STFC	New	STATE AUTO FINL CORP COM	$1,407,000	–	58,744	–	0.07%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$1,387,000	–	47,419	–	0.07%	–
CVCO	New	CAVCO INDS INC DEL COM	$1,375,000	–	18,230	–	0.07%	–
DTSI	New	DTS INC COM	$1,371,000	–	44,974	–	0.07%	–
AXAS	New	ABRAXAS PETE CORP COM	$1,360,000	–	461,045	–	0.07%	–
CSCD	New	CASCADE MICROTECH INC COM	$1,344,000	–	88,292	–	0.07%	–
BBY	New	BEST BUY INC COM	$1,324,000	–	40,595	–	0.07%	–
ARTNA	New	ARTESIAN RESOURCES CORP CL A	$1,325,000	–	62,844	–	0.07%	–
LXFR	New	LUXFER HLDGS PLC SPONSORED ADR	$1,335,000	–	102,666	–	0.07%	–
MRTN	New	MARTEN TRANS LTD COM	$1,311,000	–	60,424	–	0.07%	–
IOSP	New	INNOSPEC INC COM	$1,285,000	–	28,538	–	0.07%	–
TRNS	New	TRANSCAT INC COM	$1,300,000	–	137,558	–	0.07%	–
NP	New	NEENAH PAPER INC COM	$1,302,000	–	22,079	–	0.07%	–
COBZ	New	COBIZ FINANCIAL INC COM	$1,276,000	–	97,613	–	0.07%	–
CPK	New	CHESAPEAKE UTILS CORP COM	$1,242,000	–	23,063	–	0.06%	–
NRIM	New	NORTHRIM BANCORP INC COM	$1,218,000	–	47,509	–	0.06%	–
PESXQ	New	PIONEER ENERGY SVCS CORP COM	$1,225,000	–	193,277	–	0.06%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$1,197,000	–	141,795	–	0.06%	–
MTSC	New	MTS SYS CORP COM	$1,194,000	–	17,324	–	0.06%	–
FCBC	New	FIRST CMNTY BANCSHARES INC NEV	$1,169,000	–	64,133	–	0.06%	–
YHOO	New	YAHOO INC COM	$1,186,000	–	30,190	–	0.06%	–
AB	New	ALLIANCEBERNSTEIN HOLDING LP U	$1,161,000	–	39,326	–	0.06%	–
PCBK	New	PACIFIC CONTINENTAL CORP COM	$1,160,000	–	85,749	–	0.06%	–
PIPR	New	PIPER JAFFRAY COS COM	$1,142,000	–	26,177	–	0.06%	–
BFIN	New	BANKFINANCIAL CORP COM	$1,133,000	–	96,151	–	0.06%	–
CACB	New	CASCADE BANCORP COM NEW	$1,142,000	–	220,402	–	0.06%	–
UFPT	New	UFP TECHNOLOGIES INC COM	$1,119,000	–	53,474	–	0.06%	–
EXAC	New	EXACTECH INC COM	$1,101,000	–	52,864	–	0.06%	–
CBNK	New	CHICOPEE BANCORP INC COM	$1,100,000	–	64,334	–	0.06%	–
LDL	New	LYDALL INC DEL COM	$1,072,000	–	36,256	–	0.06%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$1,038,000	–	109,255	–	0.05%	–
USLM	New	UNITED STATES LIME & MINERALS	$1,034,000	–	17,792	–	0.05%	–
HTBK	New	HERITAGE COMMERCE CORP COM	$1,040,000	–	108,212	–	0.05%	–
WDR	New	WADDELL & REED FINL INC CL A	$1,012,000	–	21,382	–	0.05%	–
NNBR	New	NN INC COM	$940,000	–	36,841	–	0.05%	–
WASH	New	WASHINGTON TR BANCORP COM	$879,000	–	22,253	–	0.05%	–
KINS	New	KINGSTONE COS INC COM	$707,000	–	93,070	–	0.04%	–
LEA	New	LEAR CORP COM NEW	$494,000	–	4,404	–	0.03%	–
ED	New	CONSOLIDATED EDISON INC COM	$475,000	–	8,213	–	0.02%	–
WOOF	New	VCA INC COM	$445,000	–	8,187	–	0.02%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD S	$444,000	–	9,269	–	0.02%	–
VAL	New	VALSPAR CORP COM	$423,000	–	5,175	–	0.02%	–
RGC	New	REGAL ENTMT GROUP CL A	$430,000	–	20,579	–	0.02%	–
DRE	New	DUKE REALTY CORP COM NEW	$419,000	–	22,538	–	0.02%	–
FCEA	New	FOREST CITY ENTERPRISES INC CL	$399,000	–	18,032	–	0.02%	–
NXPI	New	NXP SEMICONDUCTORS N V COM	$413,000	–	4,208	–	0.02%	–
TSS	New	TOTAL SYS SVCS INC COM	$408,000	–	9,777	–	0.02%	–
TXT	New	TEXTRON INC COM	$369,000	–	8,260	–	0.02%	–
EE	New	EL PASO ELEC CO COM NEW	$372,000	–	10,742	–	0.02%	–
ALK	New	ALASKA AIR GROUP INC COM	$364,000	–	5,647	–	0.02%	–
AFG	New	AMERICAN FINL GROUP INC OHIO C	$376,000	–	5,779	–	0.02%	–
SFG	New	STANCORP FINL GROUP INC COM	$368,000	–	4,871	–	0.02%	–
PNM	New	PNM RES INC COM	$339,000	–	13,762	–	0.02%	–
IPG	New	INTERPUBLIC GROUP COS INC COM	$344,000	–	17,854	–	0.02%	–
NTRS	New	NORTHERN TR CORP COM	$319,000	–	4,169	–	0.02%	–
H	New	HYATT HOTELS CORP COM CL A	$331,000	–	5,842	–	0.02%	–
BBG	New	BARRETT BILL CORP COM	$180,000	–	20,980	–	0.01%	–
REI	New	RING ENERGY INC COM	$124,000	–	11,043	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
USLM	Exit	UNITED STATES LIME & MINERALS	$0	–	-4,941	–	-0.02%	–
PTEN	Exit	PATTERSON UTI ENERGY INC COM	$0	–	-11,099	–	-0.02%	–
BCRHF	Exit	BLUE CAP REINS HLDGS LTD COM	$0	–	-20,185	–	-0.02%	–
FCEA	Exit	FOREST CITY ENTERPRISES INC CL	$0	–	-19,132	–	-0.02%	–
SFG	Exit	STANCORP FINL GROUP INC COM	$0	–	-5,722	–	-0.02%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO C	$0	–	-6,767	–	-0.02%	–
IPG	Exit	INTERPUBLIC GROUP COS INC COM	$0	–	-21,065	–	-0.02%	–
IP	Exit	INTL PAPER CO COM	$0	–	-8,262	–	-0.02%	–
H	Exit	HYATT HOTELS CORP COM CL A	$0	–	-6,770	–	-0.02%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD S	$0	–	-9,535	–	-0.02%	–
VAL	Exit	VALSPAR CORP COM	$0	–	-5,436	–	-0.02%	–
ALK	Exit	ALASKA AIR GROUP INC COM	$0	–	-9,834	–	-0.02%	–
NXPI	Exit	NXP SEMICONDUCTORS N V COM	$0	–	-6,351	–	-0.02%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-5,167	–	-0.02%	–
EE	Exit	EL PASO ELEC CO COM NEW	$0	–	-12,651	–	-0.03%	–
WOOF	Exit	VCA INC COM	$0	–	-11,570	–	-0.03%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-15,029	–	-0.03%	–
DRE	Exit	DUKE REALTY CORP COM NEW	$0	–	-27,150	–	-0.03%	–
PNM	Exit	PNM RES INC COM	$0	–	-18,736	–	-0.03%	–
FITB	Exit	FIFTH THIRD BANCORP COM	$0	–	-24,814	–	-0.03%	–
Q104PS	Exit	PARKWAY PPTYS INC COM	$0	–	-31,923	–	-0.03%	–
HTBK	Exit	HERITAGE COMMERCE CORP COM	$0	–	-84,019	–	-0.04%	–
CACB	Exit	CASCADE BANCORP COM NEW	$0	–	-145,269	–	-0.04%	–
OMN	Exit	OMNOVA SOLUTIONS INC COM	$0	–	-141,017	–	-0.04%	–
WASH	Exit	WASHINGTON TR BANCORP COM	$0	–	-26,312	–	-0.05%	–
UFPT	Exit	UFP TECHNOLOGIES INC COM	$0	–	-38,995	–	-0.05%	–
KINS	Exit	KINGSTONE COS INC COM	$0	–	-106,467	–	-0.05%	–
CBNK	Exit	CHICOPEE BANCORP INC COM	$0	–	-58,825	–	-0.05%	–
ROCK	Exit	GIBRALTAR INDS INC COM	$0	–	-68,343	–	-0.05%	–
RRTS	Exit	ROADRUNNER TRNSN SVCS HLDG INC	$0	–	-40,990	–	-0.05%	–
CUTR	Exit	CUTERA INC COM	$0	–	-94,933	–	-0.05%	–
CTPR	Exit	CTPARTNERS EXECUTIVE SEARCH IN	$0	–	-61,718	–	-0.06%	–
IOSP	Exit	INNOSPEC INC COM	$0	–	-28,104	–	-0.06%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-116,318	–	-0.06%	–
ZEP	Exit	ZEP INC COM	$0	–	-72,499	–	-0.06%	–
TRNS	Exit	TRANSCAT INC COM	$0	–	-112,960	–	-0.06%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-107,320	–	-0.06%	–
TTMI	Exit	TTM TECHNOLOGIES INC COM	$0	–	-166,144	–	-0.06%	–
PESXQ	Exit	PIONEER ENERGY SVCS CORP COM	$0	–	-80,353	–	-0.06%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-41,116	–	-0.06%	–
CULP	Exit	CULP INC COM	$0	–	-63,230	–	-0.06%	–
ICON	Exit	ICONIX BRAND GROUP INC COM	$0	–	-30,823	–	-0.06%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-39,977	–	-0.07%	–
CCF	Exit	CHASE CORP COM	$0	–	-37,295	–	-0.07%	–
MRLN	Exit	MARLIN BUSINESS SVCS CORP COM	$0	–	-63,662	–	-0.07%	–
STFC	Exit	STATE AUTO FINL CORP COM	$0	–	-57,943	–	-0.07%	–
LXFR	Exit	LUXFER HLDGS PLC SPONSORED ADR	$0	–	-69,461	–	-0.07%	–
NNBR	Exit	NN INC COM	$0	–	-45,751	–	-0.07%	–
YHOO	Exit	YAHOO INC COM	$0	–	-30,040	–	-0.07%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-46,834	–	-0.07%	–
GDPMQ	Exit	GOODRICH PETE CORP COM NEW	$0	–	-83,207	–	-0.07%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-141,095	–	-0.07%	–
NCFT	Exit	NORCRAFT COS INC COM	$0	–	-78,302	–	-0.07%	–
COBZ	Exit	COBIZ FINANCIAL INC COM	$0	–	-113,269	–	-0.07%	–
SWN	Exit	SOUTHWESTERN ENERGY CO COM	$0	–	-37,033	–	-0.07%	–
EXAC	Exit	EXACTECH INC COM	$0	–	-55,874	–	-0.07%	–
USPH	Exit	U S PHYSICAL THERAPY INC COM	$0	–	-36,819	–	-0.07%	–
OKSB	Exit	SOUTHWEST BANCORP INC OKLA COM	$0	–	-80,014	–	-0.07%	–
NCIT	Exit	NCI INC CL A	$0	–	-137,540	–	-0.07%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-72,765	–	-0.07%	–
MSFG	Exit	MAINSOURCE FINANCIAL GP INC CO	$0	–	-76,281	–	-0.08%	–
GSTCQ	Exit	GASTAR EXPL INC NEW COM	$0	–	-226,720	–	-0.08%	–
NP	Exit	NEENAH PAPER INC COM	$0	–	-25,236	–	-0.08%	–
RSO	Exit	RESOURCE CAP CORP COM	$0	–	-281,908	–	-0.08%	–
IXYS	Exit	IXYS CORP COM	$0	–	-130,806	–	-0.08%	–
TER	Exit	TERADYNE INC COM	$0	–	-70,511	–	-0.08%	–
STC	Exit	STEWART INFORMATION SVCS CORP	$0	–	-48,280	–	-0.08%	–
MTSC	Exit	MTS SYS CORP COM	$0	–	-20,904	–	-0.08%	–
MTRX	Exit	MATRIX SVC CO COM	$0	–	-59,845	–	-0.08%	–
RGCO	Exit	RGC RES INC COM	$0	–	-73,643	–	-0.08%	–
HSKA	Exit	HESKA CORP COM RESTRC NEW	$0	–	-111,527	–	-0.08%	–
CRWS	Exit	CROWN CRAFTS INC COM	$0	–	-195,172	–	-0.08%	–
UTL	Exit	UNITIL CORP COM	$0	–	-47,465	–	-0.08%	–
REXR	Exit	REXFORD INDL RLTY INC COM	$0	–	-108,510	–	-0.08%	–
ADC	Exit	AGREE REALTY CORP COM	$0	–	-55,479	–	-0.09%	–
DOC	Exit	PHYSICIANS RLTY TR COM	$0	–	-111,275	–	-0.09%	–
CPK	Exit	CHESAPEAKE UTILS CORP COM	$0	–	-37,408	–	-0.09%	–
RGC	Exit	REGAL ENTMT GROUP CL A	$0	–	-79,070	–	-0.09%	–
WDR	Exit	WADDELL & REED FINL INC CL A	$0	–	-31,410	–	-0.09%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR COM	$0	–	-106,085	–	-0.10%	–
SAIA	Exit	SAIA INC COM	$0	–	-36,206	–	-0.10%	–
WCIC	Exit	WCI CMNTYS INC COM PAR $0.01	$0	–	-98,590	–	-0.10%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-83,142	–	-0.10%	–
ICFI	Exit	ICF INTL INC COM	$0	–	-60,783	–	-0.11%	–
PCBK	Exit	PACIFIC CONTINENTAL CORP COM	$0	–	-153,682	–	-0.11%	–
LDL	Exit	LYDALL INC DEL COM	$0	–	-74,130	–	-0.11%	–
CHFN	Exit	CHARTER FINL CORP MD COM	$0	–	-193,254	–	-0.12%	–
TRIB	Exit	TRINITY BIOTECH PLC SPON ADR N	$0	–	-117,661	–	-0.12%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-97,984	–	-0.12%	–
JRN	Exit	JOURNAL COMMUNICATIONS INC CL	$0	–	-290,008	–	-0.14%	–
PSTB	Exit	PARK STERLING CORP COM	$0	–	-439,335	–	-0.16%	–
NUTR	Exit	NUTRACEUTICAL INTL CORP COM	$0	–	-166,647	–	-0.20%	–
BRSS	Exit	GLOBAL BRASS & COPPR HLDGS INC	$0	–	-255,612	–	-0.21%	–
SLI	Exit	S L INDS INC COM	$0	–	-77,494	–	-0.22%	–
NATH	Exit	NATHANS FAMOUS INC NEW COM	$0	–	-58,208	–	-0.22%	–
HY	Exit	HYSTER YALE MATLS HANDLING INC	$0	–	-68,347	–	-0.28%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES INC	$0	–	-349,547	–	-0.28%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-240,829	–	-0.33%	–
FINL	Exit	FINISH LINE INC CL A	$0	–	-267,703	–	-0.38%	–
GEF	Exit	GREIF INC CL A	$0	–	-160,164	–	-0.40%	–
FAF	Exit	FIRST AMERN FINL CORP COM	$0	–	-260,041	–	-0.40%	–
WMK	Exit	WEIS MKTS INC COM	$0	–	-187,566	–	-0.42%	–
LRN	Exit	K12 INC COM	$0	–	-468,365	–	-0.42%	–
ELOS	Exit	SYNERON MEDICAL LTD ORD SHS	$0	–	-790,288	–	-0.45%	–
EVC	Exit	ENTRAVISION COMMUNICATIONS CP	$0	–	-2,081,312	–	-0.47%	–
UFCS	Exit	UNITED FIRE GROUP INC COM	$0	–	-299,789	–	-0.47%	–
CLW	Exit	CLEARWATER PAPER CORP COM	$0	–	-140,148	–	-0.48%	–
CRDB	Exit	CRAWFORD & CO CL B	$0	–	-1,046,428	–	-0.49%	–
MOH	Exit	MOLINA HEALTHCARE INC COM	$0	–	-207,340	–	-0.50%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-115,324	–	-0.50%	–
WBS	Exit	WEBSTER FINL CORP CONN COM	$0	–	-304,219	–	-0.50%	–
PDCE	Exit	PDC ENERGY INC COM	$0	–	-176,961	–	-0.50%	–
SAVE	Exit	SPIRIT AIRLS INC COM	$0	–	-129,526	–	-0.51%	–
GTN	Exit	GRAY TELEVISION INC COM	$0	–	-1,138,844	–	-0.51%	–
AVGTF	Exit	AVG TECHNOLOGIES N V SHS	$0	–	-544,395	–	-0.51%	–
CHS	Exit	CHICOS FAS INC COM	$0	–	-612,416	–	-0.51%	–
SHLM	Exit	SCHULMAN A INC COM	$0	–	-251,884	–	-0.52%	–
KIRK	Exit	KIRKLANDS INC COM	$0	–	-589,538	–	-0.54%	–
PDS	Exit	PRECISION DRILLING CORP COM 20	$0	–	-889,804	–	-0.54%	–
REXX	Exit	REX ENERGY CORPORATION COM	$0	–	-773,340	–	-0.56%	–
AEL	Exit	AMERICAN EQTY INVT LIFE HLD CO	$0	–	-428,083	–	-0.56%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-346,099	–	-0.56%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-322,947	–	-0.56%	–
BBG	Exit	BARRETT BILL CORP COM	$0	–	-449,984	–	-0.56%	–
CYT	Exit	CYTEC INDS INC COM	$0	–	-211,166	–	-0.57%	–
SUI	Exit	SUN CMNTYS INC COM	$0	–	-198,798	–	-0.57%	–
TBI	Exit	TRUEBLUE INC COM	$0	–	-398,164	–	-0.57%	–
NPBC	Exit	NATIONAL PENN BANCSHARES INC C	$0	–	-1,039,142	–	-0.57%	–
KFY	Exit	KORN FERRY INTL COM NEW	$0	–	-410,462	–	-0.58%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-798,379	–	-0.59%	–
BMR	Exit	BIOMED REALTY TRUST INC COM	$0	–	-523,340	–	-0.60%	–
CLNY	Exit	COLONY FINL INC COM	$0	–	-474,037	–	-0.60%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-649,335	–	-0.60%	–
NTCT	Exit	NETSCOUT SYS INC COM	$0	–	-233,240	–	-0.61%	–
SU	Exit	SUNCOR ENERGY INC NEW COM	$0	–	-297,280	–	-0.61%	–
HWC	Exit	HANCOCK HLDG CO COM	$0	–	-341,801	–	-0.62%	–
FMBI	Exit	FIRST MIDWEST BANCORP DEL COM	$0	–	-682,545	–	-0.62%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-934,638	–	-0.63%	–
ICLR	Exit	ICON PLC SHS	$0	–	-199,309	–	-0.65%	–
KRG	Exit	KITE RLTY GROUP TR COM NEW	$0	–	-477,292	–	-0.66%	–
TOWR	Exit	TOWER INTL INC COM	$0	–	-460,364	–	-0.66%	–
AVA	Exit	AVISTA CORP COM	$0	–	-381,580	–	-0.66%	–
HT	Exit	HERSHA HOSPITALITY TR SH BEN I	$0	–	-1,848,569	–	-0.67%	–
SYKE	Exit	SYKES ENTERPRISES INC COM	$0	–	-592,580	–	-0.67%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-523,703	–	-0.68%	–
AXE	Exit	ANIXTER INTL INC COM	$0	–	-145,002	–	-0.70%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-717,100	–	-0.71%	–
VVC	Exit	VECTREN CORP COM	$0	–	-315,778	–	-0.72%	–
PTC	Exit	PTC INC COM	$0	–	-345,378	–	-0.72%	–
PIPR	Exit	PIPER JAFFRAY COS COM	$0	–	-246,342	–	-0.73%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-413,303	–	-0.75%	–
CATO	Exit	CATO CORP NEW CL A	$0	–	-389,805	–	-0.76%	–
GBL	Exit	GAMCO INVESTORS INC COM	$0	–	-196,377	–	-0.79%	–
EME	Exit	EMCOR GROUP INC COM	$0	–	-372,833	–	-0.85%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-1,077,531	–	-0.87%	–
GRT	Exit	GLIMCHER RLTY TR SH BEN INT	$0	–	-1,181,016	–	-0.91%	–
FSTR	Exit	FOSTER L B CO COM	$0	–	-356,452	–	-0.93%	–
MAN	Exit	MANPOWERGROUP INC COM	$0	–	-275,922	–	-1.10%	–
KSS	Exit	KOHLS CORP COM	$0	–	-318,893	–	-1.10%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC CO	$0	–	-278,341	–	-1.12%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQ INC	$0	–	-268,710	–	-1.12%	–
MRC	Exit	MRC GLOBAL INC COM	$0	–	-899,418	–	-1.19%	–
BBBY	Exit	BED BATH & BEYOND INC COM	$0	–	-339,645	–	-1.27%	–
ATVI	Exit	ACTIVISION BLIZZARD INC COM	$0	–	-1,080,748	–	-1.28%	–
MMM	Exit	3M CO COM	$0	–	-159,213	–	-1.28%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-492,614	–	-1.28%	–
EMN	Exit	EASTMAN CHEM CO COM	$0	–	-282,757	–	-1.30%	–
KS	Exit	KAPSTONE PAPER & PACKAGING CRP	$0	–	-817,899	–	-1.30%	–
ABT	Exit	ABBOTT LABS COM	$0	–	-554,358	–	-1.31%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-472,372	–	-1.33%	–
GIS	Exit	GENERAL MLS INC COM	$0	–	-468,098	–	-1.34%	–
TWX	Exit	TIME WARNER INC COM NEW	$0	–	-316,834	–	-1.35%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-654,618	–	-1.37%	–
BHI	Exit	BAKER HUGHES INC COM	$0	–	-374,828	–	-1.38%	–
AMH	Exit	AMERICAN HOMES 4 RENT CL A	$0	–	-1,464,208	–	-1.40%	–
ACE	Exit	ACE LTD SHS	$0	–	-237,348	–	-1.41%	–
SYK	Exit	STRYKER CORP COM	$0	–	-308,804	–	-1.42%	–
SNDK	Exit	SANDISK CORP COM	$0	–	-259,542	–	-1.44%	–
CVD	Exit	COVANCE INC COM	$0	–	-323,441	–	-1.44%	–
T	Exit	AT&T INC COM	$0	–	-734,229	–	-1.47%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-421,723	–	-1.47%	–
STI	Exit	SUNTRUST BKS INC COM	$0	–	-685,907	–	-1.48%	–
A309PS	Exit	DIRECTV COM	$0	–	-317,691	–	-1.56%	–
RBC	Exit	REGAL BELOIT CORP COM	$0	–	-428,897	–	-1.56%	–
KEY	Exit	KEYCORP NEW COM	$0	–	-2,068,319	–	-1.56%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-427,685	–	-1.57%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-2,764,792	–	-1.58%	–
WEC	Exit	WISCONSIN ENERGY CORP COM	$0	–	-648,465	–	-1.58%	–
THO	Exit	THOR INDS INC COM	$0	–	-544,260	–	-1.59%	–
LNC	Exit	LINCOLN NATL CORP IND COM	$0	–	-529,071	–	-1.61%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-826,833	–	-1.75%	–
DAL	Exit	DELTA AIR LINES INC DEL COM NE	$0	–	-891,438	–	-1.83%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-849,875	–	-1.90%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-561,572	–	-1.92%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP INC	$0	–	-1,560,381	–	-1.95%	–
PFE	Exit	PFIZER INC COM	$0	–	-1,297,859	–	-2.18%	–

Q3 2014

			Value		Shares		↓ Weighting
PFE	New	PFIZER INC COM	$38,378,000	–	1,297,859	–	2.18%	–
HLX	Sell	HELIX ENERGY SOLUTIONS GRP INC	$34,422,000	-16.7%	1,560,381	-0.6%	1.95%	-9.9%
JPM	Buy	JPMORGAN CHASE & CO COM	$33,829,000	+4.7%	561,572	+0.2%	1.92%	+13.1%
IVZ	Buy	INVESCO LTD SHS	$33,553,000	+4.8%	849,875	+0.2%	1.90%	+13.1%
DAL	Buy	DELTA AIR LINES INC DEL COM NE	$32,225,000	+1.6%	891,438	+8.8%	1.83%	+9.8%
PEG	Buy	PUBLIC SVC ENTERPRISE GROUP CO	$30,791,000	-8.6%	826,833	+0.1%	1.75%	-1.2%
LNC	Sell	LINCOLN NATL CORP IND COM	$28,348,000	-12.2%	529,071	-15.7%	1.61%	-5.1%
THO	Sell	THOR INDS INC COM	$28,029,000	-18.7%	544,260	-10.2%	1.59%	-12.1%
WEC	Buy	WISCONSIN ENERGY CORP COM	$27,884,000	-8.3%	648,465	+0.1%	1.58%	-0.9%
RF	Sell	REGIONS FINL CORP NEW COM	$27,759,000	-9.4%	2,764,792	-4.2%	1.58%	-2.1%
HAL	Sell	HALLIBURTON CO COM	$27,590,000	-13.6%	427,685	-4.9%	1.57%	-6.7%
KEY	Sell	KEYCORP NEW COM	$27,571,000	-18.5%	2,068,319	-12.4%	1.56%	-12.0%
RBC	Buy	REGAL BELOIT CORP COM	$27,557,000	-7.3%	428,897	+13.3%	1.56%	+0.2%
A309PS	Buy	DIRECTV COM	$27,487,000	+1.9%	317,691	+0.1%	1.56%	+10.1%
STI	Sell	SUNTRUST BKS INC COM	$26,085,000	-17.5%	685,907	-13.1%	1.48%	-10.9%
ALL	Buy	ALLSTATE CORP COM	$25,881,000	+4.6%	421,723	+0.1%	1.47%	+13.1%
T	New	AT&T INC COM	$25,874,000	–	734,229	–	1.47%	–
CVD	Buy	COVANCE INC COM	$25,455,000	+1.4%	323,441	+10.2%	1.44%	+9.6%
SNDK	Sell	SANDISK CORP COM	$25,422,000	-18.8%	259,542	-13.4%	1.44%	-12.2%
SYK	Sell	STRYKER CORP COM	$24,936,000	-13.6%	308,804	-9.7%	1.42%	-6.7%
ACE	Buy	ACE LTD SHS	$24,891,000	+1.3%	237,348	+0.2%	1.41%	+9.5%
AMH	New	AMERICAN HOMES 4 RENT CL A	$24,730,000	–	1,464,208	–	1.40%	–
BHI	Sell	BAKER HUGHES INC COM	$24,386,000	-17.4%	374,828	-5.5%	1.38%	-10.8%
ZTS	Sell	ZOETIS INC CL A	$24,188,000	-6.0%	654,618	-17.9%	1.37%	+1.6%
TWX	Buy	TIME WARNER INC COM NEW	$23,829,000	+64.6%	316,834	+53.8%	1.35%	+78.0%
GIS	Buy	GENERAL MLS INC COM	$23,616,000	-3.9%	468,098	+0.1%	1.34%	+3.9%
ADI	Sell	ANALOG DEVICES INC COM	$23,378,000	-9.2%	472,372	-0.8%	1.33%	-1.8%
ABT	Sell	ABBOTT LABS COM	$23,056,000	-26.7%	554,358	-27.9%	1.31%	-20.8%
KS	Buy	KAPSTONE PAPER & PACKAGING CRP	$22,877,000	-15.3%	817,899	+0.3%	1.30%	-8.5%
EMN	New	EASTMAN CHEM CO COM	$22,872,000	–	282,757	–	1.30%	–
CIT	Buy	CIT GROUP INC COM NEW	$22,641,000	+0.5%	492,614	+0.1%	1.28%	+8.6%
MMM	Sell	3M CO COM	$22,557,000	-14.7%	159,213	-13.8%	1.28%	-7.9%
ATVI	Sell	ACTIVISION BLIZZARD INC COM	$22,469,000	-20.9%	1,080,748	-15.2%	1.28%	-14.6%
BBBY	Sell	BED BATH & BEYOND INC COM	$22,359,000	+13.1%	339,645	-1.4%	1.27%	+22.3%
MRC	Buy	MRC GLOBAL INC COM	$20,974,000	-14.1%	899,418	+4.3%	1.19%	-7.1%
ARE	Sell	ALEXANDRIA REAL ESTATE EQ INC	$19,817,000	-38.2%	268,710	-35.0%	1.12%	-33.2%
ODFL	Sell	OLD DOMINION FGHT LINES INC CO	$19,662,000	-7.4%	278,341	-16.5%	1.12%	0.0%
KSS	New	KOHLS CORP COM	$19,462,000	–	318,893	–	1.10%	–
MAN	Sell	MANPOWERGROUP INC COM	$19,342,000	-32.5%	275,922	-18.3%	1.10%	-27.1%
FSTR	Sell	FOSTER L B CO COM	$16,375,000	-17.2%	356,452	-2.4%	0.93%	-10.5%
GRT	Sell	GLIMCHER RLTY TR SH BEN INT	$15,991,000	+20.6%	1,181,016	-3.5%	0.91%	+30.5%
RDN	Buy	RADIAN GROUP INC COM	$15,366,000	+4.3%	1,077,531	+8.3%	0.87%	+12.7%
EME	Buy	EMCOR GROUP INC COM	$14,898,000	-8.0%	372,833	+2.6%	0.85%	-0.5%
GBL	Sell	GAMCO INVESTORS INC COM	$13,892,000	-18.0%	196,377	-3.7%	0.79%	-11.2%
CATO	Sell	CATO CORP NEW CL A	$13,433,000	-2.9%	389,805	-12.9%	0.76%	+5.0%
POR	Buy	PORTLAND GEN ELEC CO COM NEW	$13,275,000	+9.6%	413,303	+18.4%	0.75%	+18.6%
PIPR	Sell	PIPER JAFFRAY COS COM	$12,869,000	-2.5%	246,342	-3.3%	0.73%	+5.3%
PTC	Sell	PTC INC COM	$12,745,000	-8.5%	345,378	-3.8%	0.72%	-1.2%
VVC	Buy	VECTREN CORP COM	$12,600,000	-1.7%	315,778	+4.7%	0.72%	+6.2%
ASB	Sell	ASSOCIATED BANC CORP COM	$12,492,000	-13.5%	717,100	-10.3%	0.71%	-6.6%
AXE	Sell	ANIXTER INTL INC COM	$12,302,000	-18.2%	145,002	-3.6%	0.70%	-11.6%
SASR	Buy	SANDY SPRING BANCORP INC COM	$11,988,000	-3.5%	523,703	+5.0%	0.68%	+4.1%
SYKE	Sell	SYKES ENTERPRISES INC COM	$11,840,000	-11.1%	592,580	-3.3%	0.67%	-3.9%
HT	Sell	HERSHA HOSPITALITY TR SH BEN I	$11,775,000	-8.5%	1,848,569	-3.6%	0.67%	-1.2%
AVA	Buy	AVISTA CORP COM	$11,650,000	-4.4%	381,580	+5.0%	0.66%	+3.3%
TOWR	Buy	TOWER INTL INC COM	$11,597,000	+6.3%	460,364	+55.5%	0.66%	+14.8%
KRG	New	KITE RLTY GROUP TR COM NEW	$11,570,000	–	477,292	–	0.66%	–
ICLR	Sell	ICON PLC SHS	$11,406,000	-9.8%	199,309	-25.8%	0.65%	-2.6%
CUZ	Sell	COUSINS PPTYS INC COM	$11,169,000	-16.8%	934,638	-13.4%	0.63%	-10.1%
FMBI	Buy	FIRST MIDWEST BANCORP DEL COM	$10,982,000	-2.9%	682,545	+2.8%	0.62%	+4.9%
HWC	Buy	HANCOCK HLDG CO COM	$10,955,000	+6.2%	341,801	+17.1%	0.62%	+14.8%
SU	New	SUNCOR ENERGY INC NEW COM	$10,747,000	–	297,280	–	0.61%	–
NTCT	Sell	NETSCOUT SYS INC COM	$10,682,000	-33.6%	233,240	-35.7%	0.61%	-28.3%
PFS	Buy	PROVIDENT FINL SVCS INC COM	$10,630,000	-2.5%	649,335	+3.2%	0.60%	+5.4%
CLNY	Sell	COLONY FINL INC COM	$10,609,000	-7.2%	474,037	-3.7%	0.60%	+0.2%
BMR	Sell	BIOMED REALTY TRUST INC COM	$10,571,000	-10.9%	523,340	-3.7%	0.60%	-3.7%
ONB	Sell	OLD NATL BANCORP IND COM	$10,355,000	-12.6%	798,379	-3.7%	0.59%	-5.5%
KFY	Sell	KORN FERRY INTL COM NEW	$10,221,000	-18.0%	410,462	-3.3%	0.58%	-11.5%
NPBC	Buy	NATIONAL PENN BANCSHARES INC C	$10,090,000	-4.6%	1,039,142	+3.9%	0.57%	+3.1%
TBI	Sell	TRUEBLUE INC COM	$10,058,000	-11.4%	398,164	-3.3%	0.57%	-4.2%
SUI	Sell	SUN CMNTYS INC COM	$10,039,000	-16.7%	198,798	-17.8%	0.57%	-10.0%
CYT	Buy	CYTEC INDS INC COM	$9,986,000	-14.4%	211,166	+90.8%	0.57%	-7.5%
BBG	Buy	BARRETT BILL CORP COM	$9,918,000	+7.8%	449,984	+31.0%	0.56%	+16.6%
WSBC	Sell	WESBANCO INC COM	$9,879,000	-5.2%	322,947	-3.8%	0.56%	+2.6%
MLI	Sell	MUELLER INDS INC COM	$9,878,000	-6.3%	346,099	-3.4%	0.56%	+1.3%
REXX	Buy	REX ENERGY CORPORATION COM	$9,798,000	-10.1%	773,340	+25.6%	0.56%	-3.0%
AEL	Sell	AMERICAN EQTY INVT LIFE HLD CO	$9,795,000	-10.3%	428,083	-3.5%	0.56%	-3.1%
PDS	Sell	PRECISION DRILLING CORP COM 20	$9,601,000	-27.7%	889,804	-5.1%	0.54%	-21.9%
KIRK	New	KIRKLANDS INC COM	$9,497,000	–	589,538	–	0.54%	–
SHLM	Sell	SCHULMAN A INC COM	$9,108,000	-25.8%	251,884	-20.6%	0.52%	-19.8%
CHS	Sell	CHICOS FAS INC COM	$9,045,000	-78.7%	612,416	-75.6%	0.51%	-77.0%
AVGTF	Sell	AVG TECHNOLOGIES N V SHS	$9,026,000	-20.5%	544,395	-3.5%	0.51%	-14.2%
GTN	Sell	GRAY TELEVISION INC COM	$8,974,000	-46.8%	1,138,844	-11.3%	0.51%	-42.6%
SAVE	Sell	SPIRIT AIRLS INC COM	$8,955,000	-25.2%	129,526	-31.6%	0.51%	-19.2%
PDCE	Buy	PDC ENERGY INC COM	$8,899,000	+1.3%	176,961	+27.2%	0.50%	+9.3%
WBS	Sell	WEBSTER FINL CORP CONN COM	$8,865,000	-11.2%	304,219	-3.9%	0.50%	-4.2%
KALU	Sell	KAISER ALUMINUM CORP COM PAR $	$8,790,000	-1.3%	115,324	-5.6%	0.50%	+6.6%
MOH	Sell	MOLINA HEALTHCARE INC COM	$8,770,000	-28.0%	207,340	-24.0%	0.50%	-22.2%
CRDB	Buy	CRAWFORD & CO CL B	$8,633,000	-9.7%	1,046,428	+10.3%	0.49%	-2.4%
CLW	Sell	CLEARWATER PAPER CORP COM	$8,424,000	-5.7%	140,148	-3.2%	0.48%	+1.9%
UFCS	Buy	UNITED FIRE GROUP INC COM	$8,325,000	+282.2%	299,789	+303.5%	0.47%	+314.9%
EVC	Buy	ENTRAVISION COMMUNICATIONS CP	$8,242,000	+3.8%	2,081,312	+63.0%	0.47%	+12.2%
ELOS	New	SYNERON MEDICAL LTD ORD SHS	$7,919,000	–	790,288	–	0.45%	–
LRN	New	K12 INC COM	$7,475,000	–	468,365	–	0.42%	–
WMK	Sell	WEIS MKTS INC COM	$7,321,000	-17.8%	187,566	-3.7%	0.42%	-11.1%
FAF	Sell	FIRST AMERN FINL CORP COM	$7,052,000	-5.8%	260,041	-3.5%	0.40%	+1.8%
GEF	Sell	GREIF INC CL A	$7,017,000	-30.5%	160,164	-13.4%	0.40%	-24.9%
FINL	Sell	FINISH LINE INC CL A	$6,701,000	-37.8%	267,703	-26.1%	0.38%	-32.9%
KW	Buy	KENNEDY-WILSON HLDGS INC COM	$5,770,000	+391.5%	240,829	+450.0%	0.33%	+429.0%
CMT	Buy	CORE MOLDING TECHNOLOGIES INC	$5,006,000	+10.6%	349,547	+0.4%	0.28%	+19.3%
HY	Sell	HYSTER YALE MATLS HANDLING INC	$4,895,000	-19.3%	68,347	-0.3%	0.28%	-12.9%
NATH	Buy	NATHANS FAMOUS INC NEW COM	$3,940,000	+35.4%	58,208	+8.4%	0.22%	+46.4%
SLI	Sell	S L INDS INC COM	$3,783,000	-9.4%	77,494	-45.3%	0.22%	-1.8%
BRSS	New	GLOBAL BRASS & COPPR HLDGS INC	$3,750,000	–	255,612	–	0.21%	–
NUTR	Sell	NUTRACEUTICAL INTL CORP COM	$3,485,000	-16.3%	166,647	-4.5%	0.20%	-9.6%
PSTB	Buy	PARK STERLING CORP COM	$2,913,000	+177.2%	439,335	+175.5%	0.16%	+200.0%
JRN	Buy	JOURNAL COMMUNICATIONS INC CL	$2,445,000	+49.9%	290,008	+57.7%	0.14%	+61.6%
ARKR	Buy	ARK RESTAURANTS CORP COM	$2,201,000	+1.2%	97,984	+0.5%	0.12%	+9.6%
TRIB	Buy	TRINITY BIOTECH PLC SPON ADR N	$2,150,000	-6.8%	117,661	+17.5%	0.12%	+0.8%
CHFN	Buy	CHARTER FINL CORP MD COM	$2,068,000	-3.1%	193,254	+0.5%	0.12%	+4.5%
LDL	Sell	LYDALL INC DEL COM	$2,002,000	-22.7%	74,130	-21.7%	0.11%	-16.2%
PCBK	Buy	PACIFIC CONTINENTAL CORP COM	$1,975,000	-6.0%	153,682	+0.4%	0.11%	+1.8%
ICFI	Buy	ICF INTL INC COM	$1,872,000	+82.6%	60,783	+109.6%	0.11%	+96.3%
CLCT	Buy	COLLECTORS UNIVERSE INC COM NE	$1,829,000	+12.9%	83,142	+0.6%	0.10%	+22.4%
WCIC	Buy	WCI CMNTYS INC COM PAR $0.01	$1,818,000	-3.9%	98,590	+0.7%	0.10%	+4.0%
SAIA	Buy	SAIA INC COM	$1,794,000	+13.4%	36,206	+0.5%	0.10%	+22.9%
RPT	Buy	RAMCO-GERSHENSON PPTYS TR COM	$1,724,000	-1.7%	106,085	+0.6%	0.10%	+6.5%
WDR	Buy	WADDELL & REED FINL INC CL A	$1,624,000	+19.4%	31,410	+44.5%	0.09%	+29.6%
RGC	Sell	REGAL ENTMT GROUP CL A	$1,572,000	-6.5%	79,070	-0.7%	0.09%	+1.1%
CPK	Buy	CHESAPEAKE UTILS CORP COM	$1,558,000	-11.9%	37,408	+50.9%	0.09%	-5.4%
DOC	Buy	PHYSICIANS RLTY TR COM	$1,527,000	+26.8%	111,275	+33.0%	0.09%	+38.1%
ADC	Buy	AGREE REALTY CORP COM	$1,519,000	+2.0%	55,479	+12.7%	0.09%	+10.3%
REXR	New	REXFORD INDL RLTY INC COM	$1,502,000	–	108,510	–	0.08%	–
UTL	Buy	UNITIL CORP COM	$1,476,000	-7.6%	47,465	+0.5%	0.08%	0.0%
HSKA	Buy	HESKA CORP COM RESTRC NEW	$1,471,000	+23.5%	111,527	+0.7%	0.08%	+31.7%
CRWS	Buy	CROWN CRAFTS INC COM	$1,454,000	-3.8%	195,172	+0.6%	0.08%	+5.1%
RGCO	Buy	RGC RES INC COM	$1,465,000	+3.8%	73,643	+0.7%	0.08%	+12.2%
MTRX	Buy	MATRIX SVC CO COM	$1,443,000	-4.6%	59,845	+29.8%	0.08%	+3.8%
MTSC	Buy	MTS SYS CORP COM	$1,427,000	+1.3%	20,904	+0.6%	0.08%	+9.5%
STC	Buy	STEWART INFORMATION SVCS CORP	$1,417,000	-4.8%	48,280	+0.6%	0.08%	+2.6%
TER	Sell	TERADYNE INC COM	$1,367,000	-9.2%	70,511	-8.1%	0.08%	-1.3%
IXYS	Buy	IXYS CORP COM	$1,373,000	-14.2%	130,806	+0.7%	0.08%	-7.1%
RSO	Buy	RESOURCE CAP CORP COM	$1,373,000	-1.9%	281,908	+13.4%	0.08%	+6.8%
NP	Buy	NEENAH PAPER INC COM	$1,350,000	+1.3%	25,236	+0.7%	0.08%	+10.0%
GSTCQ	Buy	GASTAR EXPL INC NEW COM	$1,331,000	-32.2%	226,720	+0.7%	0.08%	-26.2%
MSFG	Buy	MAINSOURCE FINANCIAL GP INC CO	$1,316,000	+0.7%	76,281	+0.7%	0.08%	+8.7%
MRTN	Buy	MARTEN TRANS LTD COM	$1,296,000	-19.8%	72,765	+0.6%	0.07%	-12.9%
NCIT	Buy	NCI INC CL A	$1,308,000	+16.0%	137,540	+8.2%	0.07%	+25.4%
OKSB	Buy	SOUTHWEST BANCORP INC OKLA COM	$1,312,000	+26.8%	80,014	+31.9%	0.07%	+37.0%
USPH	Buy	U S PHYSICAL THERAPY INC COM	$1,303,000	+4.2%	36,819	+0.6%	0.07%	+12.1%
EXAC	Sell	EXACTECH INC COM	$1,279,000	-17.7%	55,874	-9.3%	0.07%	-11.0%
SWN	Sell	SOUTHWESTERN ENERGY CO COM	$1,294,000	-94.8%	37,033	-93.3%	0.07%	-94.4%
COBZ	Buy	COBIZ FINANCIAL INC COM	$1,266,000	+4.4%	113,269	+0.6%	0.07%	+12.5%
BIF	Buy	BOULDER GROWTH & INCOME FD INC	$1,247,000	+3.9%	141,095	+0.2%	0.07%	+12.7%
NCFT	New	NORCRAFT COS INC COM	$1,249,000	–	78,302	–	0.07%	–
GDPMQ	Buy	GOODRICH PETE CORP COM NEW	$1,233,000	-13.7%	83,207	+60.7%	0.07%	-6.7%
NRIM	Buy	NORTHRIM BANCORP INC COM	$1,238,000	+3.9%	46,834	+0.6%	0.07%	+11.1%
YHOO	New	YAHOO INC COM	$1,224,000	–	30,040	–	0.07%	–
NNBR	Sell	NN INC COM	$1,222,000	-28.4%	45,751	-31.4%	0.07%	-23.3%
LXFR	Buy	LUXFER HLDGS PLC SPONSORED ADR	$1,199,000	-8.4%	69,461	+0.6%	0.07%	-1.4%
STFC	Buy	STATE AUTO FINL CORP COM	$1,188,000	-12.0%	57,943	+0.6%	0.07%	-5.6%
EMCI	Buy	EMC INS GROUP INC COM	$1,155,000	-5.6%	39,977	+0.6%	0.07%	+3.1%
CCF	Buy	CHASE CORP COM	$1,161,000	-8.3%	37,295	+0.6%	0.07%	-1.5%
MRLN	Buy	MARLIN BUSINESS SVCS CORP COM	$1,166,000	+1.3%	63,662	+0.6%	0.07%	+10.0%
ICON	Sell	ICONIX BRAND GROUP INC COM	$1,139,000	-14.5%	30,823	-0.6%	0.06%	-7.1%
NKSH	Buy	NATIONAL BANKSHARES INC VA COM	$1,141,000	+16.8%	41,116	+30.0%	0.06%	+27.5%
CULP	Buy	CULP INC COM	$1,148,000	+4.9%	63,230	+0.7%	0.06%	+14.0%
TTMI	Buy	TTM TECHNOLOGIES INC COM	$1,131,000	+10.4%	166,144	+33.1%	0.06%	+18.5%
PESXQ	Sell	PIONEER ENERGY SVCS CORP COM	$1,127,000	-24.4%	80,353	-5.4%	0.06%	-17.9%
BFIN	Buy	BANKFINANCIAL CORP COM	$1,114,000	-6.7%	107,320	+0.3%	0.06%	0.0%
TRNS	New	TRANSCAT INC COM	$1,034,000	–	112,960	–	0.06%	–
ZEP	Buy	ZEP INC COM	$1,016,000	-20.1%	72,499	+0.6%	0.06%	-13.4%
AMSWA	Buy	AMERICAN SOFTWARE INC CL A	$1,026,000	+0.1%	116,318	+12.1%	0.06%	+7.4%
IOSP	Buy	INNOSPEC INC COM	$1,009,000	-16.3%	28,104	+0.6%	0.06%	-9.5%
CTPR	New	CTPARTNERS EXECUTIVE SEARCH IN	$962,000	–	61,718	–	0.06%	–
CUTR	New	CUTERA INC COM	$959,000	–	94,933	–	0.05%	–
ROCK	Buy	GIBRALTAR INDS INC COM	$936,000	-11.2%	68,343	+0.6%	0.05%	-3.6%
RRTS	New	ROADRUNNER TRNSN SVCS HLDG INC	$934,000	–	40,990	–	0.05%	–
CBNK	Buy	CHICOPEE BANCORP INC COM	$879,000	-11.6%	58,825	+0.6%	0.05%	-3.8%
WASH	Buy	WASHINGTON TR BANCORP COM	$868,000	-9.8%	26,312	+0.6%	0.05%	-3.9%
UFPT	Sell	UFP TECHNOLOGIES INC COM	$857,000	-35.0%	38,995	-28.8%	0.05%	-29.0%
KINS	Buy	KINGSTONE COS INC COM	$861,000	+21.6%	106,467	+0.2%	0.05%	+32.4%
OMN	Sell	OMNOVA SOLUTIONS INC COM	$757,000	-65.6%	141,017	-41.7%	0.04%	-62.6%
CACB	Buy	CASCADE BANCORP COM NEW	$734,000	-2.5%	145,269	+0.5%	0.04%	+5.0%
HTBK	Buy	HERITAGE COMMERCE CORP COM	$690,000	+1.0%	84,019	+0.5%	0.04%	+8.3%
Q104PS	Sell	PARKWAY PPTYS INC COM	$600,000	-52.3%	31,923	-47.6%	0.03%	-48.5%
FITB	Sell	FIFTH THIRD BANCORP COM	$497,000	-8.8%	24,814	-2.7%	0.03%	-3.4%
PNM	Buy	PNM RES INC COM	$467,000	-11.2%	18,736	+4.4%	0.03%	-3.6%
EE	Buy	EL PASO ELEC CO COM NEW	$462,000	-5.3%	12,651	+4.2%	0.03%	0.0%
WOOF	Sell	VCA INC COM	$455,000	+9.1%	11,570	-2.7%	0.03%	+18.2%
DRE	Sell	DUKE REALTY CORP COM NEW	$466,000	-7.7%	27,150	-2.4%	0.03%	-3.7%
TSS	Sell	TOTAL SYS SVCS INC COM	$465,000	-4.1%	15,029	-2.7%	0.03%	+4.0%
NXPI	Sell	NXP SEMICONDUCTORS N V COM	$435,000	+0.7%	6,351	-2.8%	0.02%	+8.7%
LEA	Sell	LEAR CORP COM NEW	$446,000	-5.9%	5,167	-2.7%	0.02%	0.0%
ALK	Buy	ALASKA AIR GROUP INC COM	$428,000	-10.8%	9,834	+94.6%	0.02%	-4.0%
VAL	New	VALSPAR CORP COM	$429,000	–	5,436	–	0.02%	–
AHL	New	ASPEN INSURANCE HOLDINGS LTD S	$408,000	–	9,535	–	0.02%	–
H	Sell	HYATT HOTELS CORP COM CL A	$410,000	-3.1%	6,770	-2.4%	0.02%	+4.5%
IPG	Sell	INTERPUBLIC GROUP COS INC COM	$386,000	-8.7%	21,065	-2.7%	0.02%	0.0%
IP	Sell	INTL PAPER CO COM	$394,000	-20.9%	8,262	-16.3%	0.02%	-15.4%
AFG	Sell	AMERICAN FINL GROUP INC OHIO C	$392,000	-5.5%	6,767	-2.8%	0.02%	0.0%
SFG	Sell	STANCORP FINL GROUP INC COM	$362,000	-3.7%	5,722	-2.7%	0.02%	+5.0%
FCEA	Sell	FOREST CITY ENTERPRISES INC CL	$374,000	-3.9%	19,132	-2.4%	0.02%	+5.0%
PTEN	Sell	PATTERSON UTI ENERGY INC COM	$361,000	-9.5%	11,099	-2.8%	0.02%	-4.8%
BCRHF	New	BLUE CAP REINS HLDGS LTD COM	$357,000	–	20,185	–	0.02%	–
USLM	New	UNITED STATES LIME & MINERALS	$287,000	–	4,941	–	0.02%	–
TIME	Exit	TIME INC NEW COM	$0	–	-13,232	–	-0.02%	–
FLR	Exit	FLUOR CORP NEW COM	$0	–	-5,360	–	-0.02%	–
BIRT	Exit	ACTUATE CORP COM	$0	–	-117,829	–	-0.03%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-37,900	–	-0.04%	–
FUR	Exit	WINTHROP RLTY TR SH BEN INT NE	$0	–	-66,412	–	-0.05%	–
CBRIQ	Exit	CIBER INC COM	$0	–	-262,532	–	-0.07%	–
GNW	Exit	GENWORTH FINL INC COM CL A	$0	–	-88,526	–	-0.08%	–
BAGL	Exit	EINSTEIN NOAH REST GROUP INC C	$0	–	-122,168	–	-0.10%	–
POWL	Exit	POWELL INDS INC COM	$0	–	-81,732	–	-0.28%	–
T102SC	Exit	KITE RLTY GROUP TR COM	$0	–	-1,394,646	–	-0.45%	–
ACXM	Exit	ACXIOM CORP COM	$0	–	-543,715	–	-0.62%	–
CLGX	Exit	CORELOGIC INC COM	$0	–	-395,494	–	-0.63%	–
HNGR	Exit	HANGER INC COM NEW	$0	–	-383,901	–	-0.63%	–
CNL	Exit	CLECO CORP NEW COM	$0	–	-272,355	–	-0.84%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-186,868	–	-1.16%	–
INGR	Exit	INGREDION INC COM	$0	–	-297,274	–	-1.17%	–

Q2 2014

			Value		Shares		↓ Weighting
CHS	New	CHICOS FAS INC COM	$42,553,000	–	2,508,996	–	2.24%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP INC	$41,300,000	–	1,569,735	–	2.17%	–
THO	New	THOR INDS INC COM	$34,461,000	–	605,963	–	1.81%	–
KEY	New	KEYCORP NEW COM	$33,839,000	–	2,361,404	–	1.78%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$33,699,000	–	826,161	–	1.77%	–
JPM	New	JPMORGAN CHASE & CO COM	$32,300,000	–	560,568	–	1.70%	–
LNC	New	LINCOLN NATL CORP IND COM	$32,284,000	–	627,614	–	1.70%	–
ARE	New	ALEXANDRIA REAL ESTATE EQ INC	$32,085,000	–	413,254	–	1.68%	–
IVZ	New	INVESCO LTD SHS	$32,030,000	–	848,474	–	1.68%	–
HAL	New	HALLIBURTON CO COM	$31,937,000	–	449,760	–	1.68%	–
DAL	New	DELTA AIR LINES INC DEL COM NE	$31,710,000	–	818,968	–	1.67%	–
STI	New	SUNTRUST BKS INC COM	$31,637,000	–	789,739	–	1.66%	–
ABT	New	ABBOTT LABS COM	$31,463,000	–	769,268	–	1.65%	–
SNDK	New	SANDISK CORP COM	$31,299,000	–	299,711	–	1.64%	–
RF	New	REGIONS FINL CORP NEW COM	$30,651,000	–	2,886,135	–	1.61%	–
WEC	New	WISCONSIN ENERGY CORP COM	$30,405,000	–	648,027	–	1.60%	–
RBC	New	REGAL BELOIT CORP COM	$29,726,000	–	378,392	–	1.56%	–
BHI	New	BAKER HUGHES INC COM	$29,520,000	–	396,511	–	1.55%	–
SYK	New	STRYKER CORP COM	$28,851,000	–	342,160	–	1.52%	–
MAN	New	MANPOWERGROUP INC COM	$28,668,000	–	337,862	–	1.51%	–
ATVI	New	ACTIVISION BLIZZARD INC COM	$28,422,000	–	1,274,519	–	1.49%	–
KS	New	KAPSTONE PAPER & PACKAGING CRP	$27,024,000	–	815,710	–	1.42%	–
A309PS	New	DIRECTV COM	$26,984,000	–	317,421	–	1.42%	–
MMM	New	3M CO COM	$26,456,000	–	184,698	–	1.39%	–
ADI	New	ANALOG DEVICES INC COM	$25,743,000	–	476,100	–	1.35%	–
ZTS	New	ZOETIS INC CL A	$25,734,000	–	797,454	–	1.35%	–
CVD	New	COVANCE INC COM	$25,112,000	–	293,431	–	1.32%	–
SWN	New	SOUTHWESTERN ENERGY CO COM	$24,990,000	–	549,354	–	1.31%	–
ALL	New	ALLSTATE CORP COM	$24,737,000	–	421,264	–	1.30%	–
ACE	New	ACE LTD SHS	$24,575,000	–	236,977	–	1.29%	–
GIS	New	GENERAL MLS INC COM	$24,563,000	–	467,504	–	1.29%	–
MRC	New	MRC GLOBAL INC COM	$24,403,000	–	862,589	–	1.28%	–
CIT	New	CIT GROUP INC COM NEW	$22,527,000	–	492,291	–	1.18%	–
INGR	New	INGREDION INC COM	$22,307,000	–	297,274	–	1.17%	–
BDX	New	BECTON DICKINSON & CO COM	$22,106,000	–	186,868	–	1.16%	–
ODFL	New	OLD DOMINION FGHT LINES INC CO	$21,236,000	–	333,478	–	1.12%	–
BBBY	New	BED BATH & BEYOND INC COM	$19,766,000	–	344,482	–	1.04%	–
FSTR	New	FOSTER L B CO COM	$19,765,000	–	365,215	–	1.04%	–
GBL	New	GAMCO INVESTORS INC COM	$16,933,000	–	203,893	–	0.89%	–
GTN	New	GRAY TELEVISION INC COM	$16,860,000	–	1,284,067	–	0.89%	–
EME	New	EMCOR GROUP INC COM	$16,185,000	–	363,453	–	0.85%	–
NTCT	New	NETSCOUT SYS INC COM	$16,078,000	–	362,613	–	0.84%	–
CNL	New	CLECO CORP NEW COM	$16,055,000	–	272,355	–	0.84%	–
AXE	New	ANIXTER INTL INC COM	$15,046,000	–	150,352	–	0.79%	–
RDN	New	RADIAN GROUP INC COM	$14,737,000	–	995,068	–	0.77%	–
TWX	New	TIME WARNER INC COM NEW	$14,474,000	–	206,036	–	0.76%	–
ASB	New	ASSOCIATED BANC CORP COM	$14,449,000	–	799,164	–	0.76%	–
PTC	New	PTC INC COM	$13,930,000	–	359,019	–	0.73%	–
CATO	New	CATO CORP NEW CL A	$13,830,000	–	447,577	–	0.73%	–
CUZ	New	COUSINS PPTYS INC COM	$13,429,000	–	1,078,657	–	0.70%	–
SYKE	New	SYKES ENTERPRISES INC COM	$13,312,000	–	612,620	–	0.70%	–
PDS	New	PRECISION DRILLING CORP COM 20	$13,279,000	–	937,788	–	0.70%	–
GRT	New	GLIMCHER RLTY TR SH BEN INT	$13,258,000	–	1,224,218	–	0.70%	–
PIPR	New	PIPER JAFFRAY COS COM	$13,193,000	–	254,831	–	0.69%	–
HT	New	HERSHA HOSPITALITY TR SH BEN I	$12,874,000	–	1,918,561	–	0.68%	–
VVC	New	VECTREN CORP COM	$12,820,000	–	301,645	–	0.67%	–
ICLR	New	ICON PLC SHS	$12,647,000	–	268,448	–	0.66%	–
KFY	New	KORN FERRY INTL COM NEW	$12,469,000	–	424,536	–	0.66%	–
SASR	New	SANDY SPRING BANCORP INC COM	$12,428,000	–	498,913	–	0.65%	–
SHLM	New	SCHULMAN A INC COM	$12,276,000	–	317,215	–	0.64%	–
MOH	New	MOLINA HEALTHCARE INC COM	$12,181,000	–	272,932	–	0.64%	–
AVA	New	AVISTA CORP COM	$12,187,000	–	363,569	–	0.64%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$12,107,000	–	349,206	–	0.64%	–
HNGR	New	HANGER INC COM NEW	$12,074,000	–	383,901	–	0.63%	–
SUI	New	SUN CMNTYS INC COM	$12,057,000	–	241,923	–	0.63%	–
CLGX	New	CORELOGIC INC COM	$12,007,000	–	395,494	–	0.63%	–
SAVE	New	SPIRIT AIRLS INC COM	$11,979,000	–	189,429	–	0.63%	–
BMR	New	BIOMED REALTY TRUST INC COM	$11,858,000	–	543,205	–	0.62%	–
ONB	New	OLD NATL BANCORP IND COM	$11,842,000	–	829,242	–	0.62%	–
ACXM	New	ACXIOM CORP COM	$11,793,000	–	543,715	–	0.62%	–
CYT	New	CYTEC INDS INC COM	$11,667,000	–	110,667	–	0.61%	–
CLNY	New	COLONY FINL INC COM	$11,435,000	–	492,463	–	0.60%	–
AVGTF	New	AVG TECHNOLOGIES N V SHS	$11,360,000	–	564,314	–	0.60%	–
TBI	New	TRUEBLUE INC COM	$11,347,000	–	411,570	–	0.60%	–
FMBI	New	FIRST MIDWEST BANCORP DEL COM	$11,309,000	–	664,039	–	0.59%	–
AEL	New	AMERICAN EQTY INVT LIFE HLD CO	$10,918,000	–	443,801	–	0.57%	–
TOWR	New	TOWER INTL INC COM	$10,907,000	–	296,075	–	0.57%	–
REXX	New	REX ENERGY CORPORATION COM	$10,901,000	–	615,528	–	0.57%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$10,897,000	–	629,156	–	0.57%	–
FINL	New	FINISH LINE INC CL A	$10,773,000	–	362,223	–	0.57%	–
NPBC	New	NATIONAL PENN BANCSHARES INC C	$10,578,000	–	999,806	–	0.56%	–
MLI	New	MUELLER INDS INC COM	$10,540,000	–	358,384	–	0.55%	–
WSBC	New	WESBANCO INC COM	$10,416,000	–	335,566	–	0.55%	–
HWC	New	HANCOCK HLDG CO COM	$10,313,000	–	291,976	–	0.54%	–
GEF	New	GREIF INC CL A	$10,091,000	–	184,944	–	0.53%	–
WBS	New	WEBSTER FINL CORP CONN COM	$9,986,000	–	316,606	–	0.52%	–
CRDB	New	CRAWFORD & CO CL B	$9,565,000	–	948,901	–	0.50%	–
BBG	New	BARRETT BILL CORP COM	$9,202,000	–	343,622	–	0.48%	–
CLW	New	CLEARWATER PAPER CORP COM	$8,932,000	–	144,725	–	0.47%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$8,906,000	–	122,217	–	0.47%	–
WMK	New	WEIS MKTS INC COM	$8,907,000	–	194,769	–	0.47%	–
PDCE	New	PDC ENERGY INC COM	$8,789,000	–	139,174	–	0.46%	–
T102SC	New	KITE RLTY GROUP TR COM	$8,563,000	–	1,394,646	–	0.45%	–
EVC	New	ENTRAVISION COMMUNICATIONS CP	$7,941,000	–	1,276,618	–	0.42%	–
FAF	New	FIRST AMERN FINL CORP COM	$7,486,000	–	269,370	–	0.39%	–
HY	New	HYSTER YALE MATLS HANDLING INC	$6,067,000	–	68,525	–	0.32%	–
POWL	New	POWELL INDS INC COM	$5,344,000	–	81,732	–	0.28%	–
CMT	New	CORE MOLDING TECHNOLOGIES INC	$4,527,000	–	348,228	–	0.24%	–
SLI	New	S L INDS INC COM	$4,177,000	–	141,607	–	0.22%	–
NUTR	New	NUTRACEUTICAL INTL CORP COM	$4,165,000	–	174,554	–	0.22%	–
NATH	New	NATHANS FAMOUS INC NEW COM	$2,909,000	–	53,680	–	0.15%	–
LDL	New	LYDALL INC DEL COM	$2,591,000	–	94,682	–	0.14%	–
TRIB	New	TRINITY BIOTECH PLC SPON ADR N	$2,306,000	–	100,131	–	0.12%	–
OMN	New	OMNOVA SOLUTIONS INC COM	$2,198,000	–	241,811	–	0.12%	–
ARKR	New	ARK RESTAURANTS CORP COM	$2,174,000	–	97,465	–	0.11%	–
UFCS	New	UNITED FIRE GROUP INC COM	$2,178,000	–	74,294	–	0.11%	–
CHFN	New	CHARTER FINL CORP MD COM	$2,135,000	–	192,383	–	0.11%	–
PCBK	New	PACIFIC CONTINENTAL CORP COM	$2,102,000	–	153,094	–	0.11%	–
BAGL	New	EINSTEIN NOAH REST GROUP INC C	$1,962,000	–	122,168	–	0.10%	–
GSTCQ	New	GASTAR EXPL INC NEW COM	$1,962,000	–	225,250	–	0.10%	–
WCIC	New	WCI CMNTYS INC COM PAR $0.01	$1,891,000	–	97,937	–	0.10%	–
CPK	New	CHESAPEAKE UTILS CORP COM	$1,769,000	–	24,794	–	0.09%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR COM	$1,753,000	–	105,479	–	0.09%	–
NNBR	New	NN INC COM	$1,706,000	–	66,694	–	0.09%	–
RGC	New	REGAL ENTMT GROUP CL A	$1,681,000	–	79,650	–	0.09%	–
JRN	New	JOURNAL COMMUNICATIONS INC CL	$1,631,000	–	183,852	–	0.09%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$1,620,000	–	82,671	–	0.08%	–
MRTN	New	MARTEN TRANS LTD COM	$1,616,000	–	72,305	–	0.08%	–
UTL	New	UNITIL CORP COM	$1,597,000	–	47,211	–	0.08%	–
IXYS	New	IXYS CORP COM	$1,601,000	–	129,929	–	0.08%	–
SAIA	New	SAIA INC COM	$1,582,000	–	36,012	–	0.08%	–
EXAC	New	EXACTECH INC COM	$1,554,000	–	61,612	–	0.08%	–
GNW	New	GENWORTH FINL INC COM CL A	$1,540,000	–	88,526	–	0.08%	–
CRWS	New	CROWN CRAFTS INC COM	$1,512,000	–	194,094	–	0.08%	–
TER	New	TERADYNE INC COM	$1,505,000	–	76,767	–	0.08%	–
MTRX	New	MATRIX SVC CO COM	$1,512,000	–	46,110	–	0.08%	–
ADC	New	AGREE REALTY CORP COM	$1,489,000	–	49,246	–	0.08%	–
STC	New	STEWART INFORMATION SVCS CORP	$1,489,000	–	48,003	–	0.08%	–
PESXQ	New	PIONEER ENERGY SVCS CORP COM	$1,490,000	–	84,934	–	0.08%	–
GDPMQ	New	GOODRICH PETE CORP COM NEW	$1,429,000	–	51,766	–	0.08%	–
MTSC	New	MTS SYS CORP COM	$1,409,000	–	20,787	–	0.07%	–
RGCO	New	RGC RES INC COM	$1,412,000	–	73,125	–	0.07%	–
RSO	New	RESOURCE CAP CORP COM	$1,399,000	–	248,519	–	0.07%	–
STFC	New	STATE AUTO FINL CORP COM	$1,350,000	–	57,620	–	0.07%	–
WDR	New	WADDELL & REED FINL INC CL A	$1,360,000	–	21,734	–	0.07%	–
NP	New	NEENAH PAPER INC COM	$1,333,000	–	25,071	–	0.07%	–
ICON	New	ICONIX BRAND GROUP INC COM	$1,332,000	–	31,024	–	0.07%	–
LXFR	New	LUXFER HLDGS PLC SPONSORED ADR	$1,309,000	–	69,077	–	0.07%	–
MSFG	New	MAINSOURCE FINANCIAL GP INC CO	$1,307,000	–	75,742	–	0.07%	–
UFPT	New	UFP TECHNOLOGIES INC COM	$1,319,000	–	54,772	–	0.07%	–
CBRIQ	New	CIBER INC COM	$1,297,000	–	262,532	–	0.07%	–
ZEP	New	ZEP INC COM	$1,272,000	–	72,040	–	0.07%	–
CCF	New	CHASE CORP COM	$1,266,000	–	37,078	–	0.07%	–
Q104PS	New	PARKWAY PPTYS INC COM	$1,258,000	–	60,939	–	0.07%	–
USPH	New	U S PHYSICAL THERAPY INC COM	$1,251,000	–	36,594	–	0.07%	–
EMCI	New	EMC INS GROUP INC COM	$1,224,000	–	39,756	–	0.06%	–
COBZ	New	COBIZ FINANCIAL INC COM	$1,213,000	–	112,638	–	0.06%	–
DOC	New	PHYSICIANS RLTY TR COM	$1,204,000	–	83,692	–	0.06%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$1,200,000	–	140,828	–	0.06%	–
BFIN	New	BANKFINANCIAL CORP COM	$1,194,000	–	106,946	–	0.06%	–
NRIM	New	NORTHRIM BANCORP INC COM	$1,191,000	–	46,573	–	0.06%	–
HSKA	New	HESKA CORP COM RESTRC NEW	$1,191,000	–	110,785	–	0.06%	–
IOSP	New	INNOSPEC INC COM	$1,206,000	–	27,944	–	0.06%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$1,174,000	–	43,790	–	0.06%	–
MRLN	New	MARLIN BUSINESS SVCS CORP COM	$1,151,000	–	63,288	–	0.06%	–
NCIT	New	NCI INC CL A	$1,128,000	–	127,082	–	0.06%	–
CULP	New	CULP INC COM	$1,094,000	–	62,814	–	0.06%	–
PSTB	New	PARK STERLING CORP COM	$1,051,000	–	159,488	–	0.06%	–
ROCK	New	GIBRALTAR INDS INC COM	$1,054,000	–	67,960	–	0.06%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$1,025,000	–	103,750	–	0.05%	–
OKSB	New	SOUTHWEST BANCORP INC OKLA COM	$1,035,000	–	60,656	–	0.05%	–
ICFI	New	ICF INTL INC COM	$1,025,000	–	28,997	–	0.05%	–
TTMI	New	TTM TECHNOLOGIES INC COM	$1,024,000	–	124,856	–	0.05%	–
FUR	New	WINTHROP RLTY TR SH BEN INT NE	$1,019,000	–	66,412	–	0.05%	–
CBNK	New	CHICOPEE BANCORP INC COM	$994,000	–	58,491	–	0.05%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$977,000	–	31,616	–	0.05%	–
WASH	New	WASHINGTON TR BANCORP COM	$962,000	–	26,155	–	0.05%	–
MLR	New	MILLER INDS INC TENN COM NEW	$780,000	–	37,900	–	0.04%	–
CACB	New	CASCADE BANCORP COM NEW	$753,000	–	144,483	–	0.04%	–
KINS	New	KINGSTONE COS INC COM	$708,000	–	106,210	–	0.04%	–
HTBK	New	HERITAGE COMMERCE CORP COM	$683,000	–	83,599	–	0.04%	–
BIRT	New	ACTUATE CORP COM	$562,000	–	117,829	–	0.03%	–
FITB	New	FIFTH THIRD BANCORP COM	$545,000	–	25,506	–	0.03%	–
PNM	New	PNM RES INC COM	$526,000	–	17,938	–	0.03%	–
DRE	New	DUKE REALTY CORP COM NEW	$505,000	–	27,814	–	0.03%	–
IP	New	INTL PAPER CO COM	$498,000	–	9,870	–	0.03%	–
EE	New	EL PASO ELEC CO COM NEW	$488,000	–	12,140	–	0.03%	–
TSS	New	TOTAL SYS SVCS INC COM	$485,000	–	15,449	–	0.02%	–
LEA	New	LEAR CORP COM NEW	$474,000	–	5,310	–	0.02%	–
ALK	New	ALASKA AIR GROUP INC COM	$480,000	–	5,054	–	0.02%	–
NXPI	New	NXP SEMICONDUCTORS N V COM	$432,000	–	6,531	–	0.02%	–
AFG	New	AMERICAN FINL GROUP INC OHIO C	$415,000	–	6,960	–	0.02%	–
WOOF	New	VCA INC COM	$417,000	–	11,891	–	0.02%	–
H	New	HYATT HOTELS CORP COM CL A	$423,000	–	6,938	–	0.02%	–
IPG	New	INTERPUBLIC GROUP COS INC COM	$423,000	–	21,657	–	0.02%	–
FLR	New	FLUOR CORP NEW COM	$412,000	–	5,360	–	0.02%	–
PTEN	New	PATTERSON UTI ENERGY INC COM	$399,000	–	11,414	–	0.02%	–
SFG	New	STANCORP FINL GROUP INC COM	$376,000	–	5,880	–	0.02%	–
FCEA	New	FOREST CITY ENTERPRISES INC CL	$389,000	–	19,594	–	0.02%	–
TIME	New	TIME INC NEW COM	$320,000	–	13,232	–	0.02%	–

Q4 2013

			Value		Shares		↓ Weighting
HTLD	Exit	HEARTLAND EXPRESS INC COM	$0	–	-18,782	–	-0.02%	–
HUBB	Exit	HUBBELL INC CL B	$0	–	-2,833	–	-0.02%	–
DISH	Exit	DISH NETWORK CORP CL A	$0	–	-6,959	–	-0.02%	–
DNRCQ	Exit	DENBURY RES INC COM NEW	$0	–	-16,668	–	-0.02%	–
PTEN	Exit	PATTERSON UTI ENERGY INC COM	$0	–	-14,194	–	-0.02%	–
LEA	Exit	LEAR CORP COM NEW	$0	–	-4,651	–	-0.02%	–
AVY	Exit	AVERY DENNISON CORP COM	$0	–	-8,141	–	-0.02%	–
H	Exit	HYATT HOTELS CORP COM CL A	$0	–	-8,926	–	-0.03%	–
PNM	Exit	PNM RES INC COM	$0	–	-16,899	–	-0.03%	–
FCEA	Exit	FOREST CITY ENTERPRISES INC CL	$0	–	-20,802	–	-0.03%	–
EE	Exit	EL PASO ELEC CO COM NEW	$0	–	-11,637	–	-0.03%	–
SURG	Exit	SYNERGETICS USA INC COM	$0	–	-91,074	–	-0.03%	–
FLR	Exit	FLUOR CORP NEW COM	$0	–	-5,668	–	-0.03%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO C	$0	–	-7,417	–	-0.03%	–
WOOF	Exit	VCA ANTECH INC COM	$0	–	-15,884	–	-0.03%	–
NKSH	Exit	NATIONAL BANKSHARES INC VA COM	$0	–	-12,159	–	-0.03%	–
DRE	Exit	DUKE REALTY CORP COM NEW	$0	–	-29,177	–	-0.03%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-15,193	–	-0.03%	–
IP	Exit	INTL PAPER CO COM	$0	–	-10,495	–	-0.03%	–
GNW	Exit	GENWORTH FINL INC COM CL A	$0	–	-37,893	–	-0.03%	–
FITB	Exit	FIFTH THIRD BANCORP COM	$0	–	-26,810	–	-0.03%	–
SFG	Exit	STANCORP FINL GROUP INC COM	$0	–	-9,259	–	-0.04%	–
CULP	Exit	CULP INC COM	$0	–	-29,171	–	-0.04%	–
HTBK	Exit	HERITAGE COMMERCE CORP COM	$0	–	-79,021	–	-0.04%	–
MTRX	Exit	MATRIX SVC CO COM	$0	–	-31,082	–	-0.04%	–
MLR	Exit	MILLER INDS INC TENN COM NEW	$0	–	-42,687	–	-0.05%	–
BIF	Exit	BOULDER GROWTH & INCOME FD INC	$0	–	-99,250	–	-0.05%	–
CET	Exit	CENTRAL SECS CORP COM	$0	–	-35,190	–	-0.06%	–
AMSWA	Exit	AMERICAN SOFTWARE INC CL A	$0	–	-97,055	–	-0.06%	–
CTG	Exit	COMPUTER TASK GROUP INC COM	$0	–	-53,585	–	-0.06%	–
LDL	Exit	LYDALL INC DEL COM	$0	–	-52,670	–	-0.06%	–
CRWS	Exit	CROWN CRAFTS INC COM	$0	–	-131,028	–	-0.06%	–
WASH	Exit	WASHINGTON TR BANCORP COM	$0	–	-30,048	–	-0.06%	–
MSFG	Exit	MAINSOURCE FINANCIAL GP INC CO	$0	–	-64,141	–	-0.07%	–
CLCT	Exit	COLLECTORS UNIVERSE INC COM NE	$0	–	-67,934	–	-0.07%	–
OKSB	Exit	SOUTHWEST BANCORP INC OKLA COM	$0	–	-68,263	–	-0.07%	–
BFIN	Exit	BANKFINANCIAL CORP COM	$0	–	-115,780	–	-0.07%	–
OMN	Exit	OMNOVA SOLUTIONS INC COM	$0	–	-121,180	–	-0.07%	–
SGA	Exit	SAGA COMMUNICATIONS INC CL A N	$0	–	-23,364	–	-0.07%	–
ROCK	Exit	GIBRALTAR INDS INC COM	$0	–	-74,937	–	-0.07%	–
UTL	Exit	UNITIL CORP COM	$0	–	-36,445	–	-0.07%	–
LXFR	Exit	LUXFER HLDGS PLC SPONSORED ADR	$0	–	-69,430	–	-0.08%	–
TER	Exit	TERADYNE INC COM	$0	–	-66,835	–	-0.08%	–
IXYS	Exit	IXYS CORP COM	$0	–	-119,385	–	-0.08%	–
CBNK	Exit	CHICOPEE BANCORP INC COM	$0	–	-66,453	–	-0.08%	–
NRIM	Exit	NORTHRIM BANCORP INC COM	$0	–	-48,574	–	-0.08%	–
CYNO	Exit	CYNOSURE INC CL A	$0	–	-51,698	–	-0.08%	–
HOME	Exit	HOME FED BANCORP INC MD COM	$0	–	-94,581	–	-0.08%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP LBT V	$0	–	-13,680	–	-0.08%	–
CCF	Exit	CHASE CORP COM	$0	–	-41,579	–	-0.08%	–
COBZ	Exit	COBIZ FINANCIAL INC COM	$0	–	-127,173	–	-0.08%	–
SYMC	Exit	SYMANTEC CORP COM	$0	–	-49,843	–	-0.08%	–
EMCI	Exit	EMC INS GROUP INC COM	$0	–	-41,269	–	-0.08%	–
STFC	Exit	STATE AUTO FINL CORP COM	$0	–	-59,624	–	-0.09%	–
CCG	Exit	CAMPUS CREST CMNTYS INC COM	$0	–	-119,809	–	-0.09%	–
XRTX	Exit	XYRATEX LTD COM	$0	–	-117,760	–	-0.09%	–
ACAT	Exit	ARCTIC CAT INC COM	$0	–	-23,015	–	-0.09%	–
RGP	Exit	RESOURCES CONNECTION INC COM	$0	–	-102,318	–	-0.10%	–
IOSP	Exit	INNOSPEC INC COM	$0	–	-30,395	–	-0.10%	–
JRN	Exit	JOURNAL COMMUNICATIONS INC CL	$0	–	-166,953	–	-0.10%	–
IPG	Exit	INTERPUBLIC GROUP COS INC COM	$0	–	-85,893	–	-0.10%	–
ICFI	Exit	ICF INTL INC COM	$0	–	-41,479	–	-0.10%	–
CPK	Exit	CHESAPEAKE UTILS CORP COM	$0	–	-28,078	–	-0.10%	–
DWSN	Exit	DAWSON GEOPHYSICAL CO COM	$0	–	-45,716	–	-0.10%	–
RGCO	Exit	RGC RES INC COM	$0	–	-77,524	–	-0.10%	–
MTSC	Exit	MTS SYS CORP COM	$0	–	-23,510	–	-0.10%	–
MRTN	Exit	MARTEN TRANS LTD COM	$0	–	-89,062	–	-0.10%	–
WDR	Exit	WADDELL & REED FINL INC CL A	$0	–	-30,425	–	-0.11%	–
BIRT	Exit	ACTUATE CORP COM	$0	–	-213,669	–	-0.11%	–
ARKR	Exit	ARK RESTAURANTS CORP COM	$0	–	-76,557	–	-0.11%	–
T102SC	Exit	KITE RLTY GROUP TR COM	$0	–	-282,122	–	-0.12%	–
WCIC	Exit	WCI CMNTYS INC COM PAR $0.01	$0	–	-97,060	–	-0.12%	–
NP	Exit	NEENAH PAPER INC COM	$0	–	-43,042	–	-0.12%	–
STC	Exit	STEWART INFORMATION SVCS CORP	$0	–	-54,102	–	-0.12%	–
MRLN	Exit	MARLIN BUSINESS SVCS CORP COM	$0	–	-71,212	–	-0.12%	–
Q104PS	Exit	PARKWAY PPTYS INC COM	$0	–	-99,884	–	-0.12%	–
SAIA	Exit	SAIA INC COM	$0	–	-56,904	–	-0.12%	–
USPH	Exit	U S PHYSICAL THERAPY INC COM	$0	–	-58,098	–	-0.12%	–
RPT	Exit	RAMCO-GERSHENSON PPTYS TR COM	$0	–	-118,794	–	-0.13%	–
TMS	Exit	TMS INTL CORP CL A	$0	–	-105,146	–	-0.13%	–
GDPMQ	Exit	GOODRICH PETE CORP COM NEW	$0	–	-77,256	–	-0.13%	–
KW	Exit	KENNEDY-WILSON HLDGS INC COM	$0	–	-106,359	–	-0.14%	–
BAGL	Exit	EINSTEIN NOAH REST GROUP INC C	$0	–	-117,835	–	-0.14%	–
HMN	Exit	HORACE MANN EDUCATORS CORP NEW	$0	–	-74,979	–	-0.15%	–
NATH	Exit	NATHANS FAMOUS INC NEW COM	$0	–	-44,214	–	-0.16%	–
PCBK	Exit	PACIFIC CONTINENTAL CORP COM	$0	–	-186,287	–	-0.17%	–
CMT	Exit	CORE MOLDING TECHNOLOGIES INC	$0	–	-276,490	–	-0.18%	–
TRIB	Exit	TRINITY BIOTECH PLC SPON ADR N	$0	–	-134,671	–	-0.20%	–
SLI	Exit	S L INDS INC COM	$0	–	-131,727	–	-0.22%	–
ADC	Exit	AGREE REALTY CORP COM	$0	–	-107,548	–	-0.22%	–
CRDB	Exit	CRAWFORD & CO CL B	$0	–	-350,277	–	-0.23%	–
AVGTF	Exit	AVG TECHNOLOGIES N V SHS	$0	–	-164,535	–	-0.27%	–
NNBR	Exit	NN INC COM	$0	–	-292,349	–	-0.31%	–
POWL	Exit	POWELL INDS INC COM	$0	–	-75,263	–	-0.32%	–
QLGC	Exit	QLOGIC CORP COM	$0	–	-447,871	–	-0.34%	–
PZZA	Exit	PAPA JOHNS INTL INC COM	$0	–	-72,041	–	-0.35%	–
NUTR	Exit	NUTRACEUTICAL INTL CORP COM	$0	–	-235,026	–	-0.38%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-107,594	–	-0.40%	–
KLIC	Exit	KULICKE & SOFFA INDS INC COM	$0	–	-525,805	–	-0.42%	–
HY	Exit	HYSTER YALE MATLS HANDLING INC	$0	–	-75,438	–	-0.46%	–
FAF	Exit	FIRST AMERN FINL CORP COM	$0	–	-300,029	–	-0.50%	–
CNL	Exit	CLECO CORP NEW COM	$0	–	-164,844	–	-0.51%	–
WBS	Exit	WEBSTER FINL CORP CONN COM	$0	–	-295,966	–	-0.52%	–
ESIO	Exit	ELECTRO SCIENTIFIC INDS COM	$0	–	-671,495	–	-0.54%	–
KOP	Exit	KOPPERS HOLDINGS INC COM	$0	–	-188,042	–	-0.55%	–
GRT	Exit	GLIMCHER RLTY TR SH BEN INT	$0	–	-852,361	–	-0.57%	–
PIPR	Exit	PIPER JAFFRAY COS COM	$0	–	-244,075	–	-0.58%	–
KALU	Exit	KAISER ALUMINUM CORP COM PAR $	$0	–	-117,826	–	-0.58%	–
ICUI	Exit	ICU MED INC COM	$0	–	-123,825	–	-0.58%	–
SUI	Exit	SUN CMNTYS INC COM	$0	–	-199,097	–	-0.58%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-303,058	–	-0.59%	–
HWC	Exit	HANCOCK HLDG CO COM	$0	–	-274,261	–	-0.59%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO C	$0	–	-118,244	–	-0.60%	–
SAVE	Exit	SPIRIT AIRLS INC COM	$0	–	-253,539	–	-0.60%	–
NTCT	Exit	NETSCOUT SYS INC COM	$0	–	-340,429	–	-0.60%	–
NPBC	Exit	NATIONAL PENN BANCSHARES INC C	$0	–	-870,367	–	-0.60%	–
	Exit	COLONIAL RLTY LTD PARTNERSHIP	$0	–	-396,801	–	-0.61%	–
MLHR	Exit	MILLER HERMAN INC COM	$0	–	-309,345	–	-0.62%	–
VVC	Exit	VECTREN CORP COM	$0	–	-272,105	–	-0.62%	–
CYT	Exit	CYTEC INDS INC COM	$0	–	-112,896	–	-0.63%	–
CLNY	Exit	COLONY FINL INC COM	$0	–	-461,918	–	-0.63%	–
PTC	Exit	PTC INC COM	$0	–	-326,430	–	-0.64%	–
WSBC	Exit	WESBANCO INC COM	$0	–	-313,844	–	-0.64%	–
PFS	Exit	PROVIDENT FINL SVCS INC COM	$0	–	-586,622	–	-0.65%	–
BMR	Exit	BIOMED REALTY TRUST INC COM	$0	–	-512,390	–	-0.65%	–
STNR	Exit	STEINER LEISURE LTD ORD	$0	–	-163,286	–	-0.66%	–
CATO	Exit	CATO CORP NEW CL A	$0	–	-355,047	–	-0.68%	–
HT	Exit	HERSHA HOSPITALITY TR SH BEN I	$0	–	-1,797,676	–	-0.69%	–
GTN	Exit	GRAY TELEVISION INC COM	$0	–	-1,315,232	–	-0.71%	–
HNGR	Exit	HANGER INC COM NEW	$0	–	-306,203	–	-0.71%	–
CUZ	Exit	COUSINS PPTYS INC COM	$0	–	-1,011,013	–	-0.71%	–
MLI	Exit	MUELLER INDS INC COM	$0	–	-186,937	–	-0.71%	–
PDS	Exit	PRECISION DRILLING CORP COM 20	$0	–	-1,068,848	–	-0.73%	–
ASB	Exit	ASSOCIATED BANC CORP COM	$0	–	-696,575	–	-0.74%	–
ONB	Exit	OLD NATL BANCORP IND COM	$0	–	-774,071	–	-0.76%	–
SASR	Exit	SANDY SPRING BANCORP INC COM	$0	–	-476,556	–	-0.76%	–
FSTR	Exit	FOSTER L B CO COM	$0	–	-243,099	–	-0.76%	–
REXX	Exit	REX ENERGY CORPORATION COM	$0	–	-504,753	–	-0.77%	–
SYKE	Exit	SYKES ENTERPRISES INC COM	$0	–	-633,087	–	-0.78%	–
PDCE	Exit	PDC ENERGY INC COM	$0	–	-191,015	–	-0.78%	–
WMK	Exit	WEIS MKTS INC COM	$0	–	-232,722	–	-0.78%	–
BZ	Exit	BOISE INC COM	$0	–	-907,438	–	-0.78%	–
PESXQ	Exit	PIONEER ENERGY SVCS CORP COM	$0	–	-1,573,636	–	-0.81%	–
MHLD	Exit	MAIDEN HOLDINGS LTD SHS	$0	–	-1,027,244	–	-0.83%	–
EME	Exit	EMCOR GROUP INC COM	$0	–	-330,551	–	-0.89%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC CO	$0	–	-298,102	–	-0.94%	–
STI	Exit	SUNTRUST BKS INC COM	$0	–	-434,552	–	-0.97%	–
ACXM	Exit	ACXIOM CORP COM	$0	–	-510,770	–	-1.00%	–
GBL	Exit	GAMCO INVESTORS INC COM	$0	–	-190,989	–	-1.00%	–
RDN	Exit	RADIAN GROUP INC COM	$0	–	-1,052,630	–	-1.01%	–
ICLR	Exit	ICON PLC SHS	$0	–	-367,817	–	-1.03%	–
AXE	Exit	ANIXTER INTL INC COM	$0	–	-175,544	–	-1.06%	–
KS	Exit	KAPSTONE PAPER & PACKAGING CRP	$0	–	-364,601	–	-1.07%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-156,627	–	-1.08%	–
PXD	Exit	PIONEER NAT RES CO COM	$0	–	-87,070	–	-1.13%	–
A309PS	Exit	DIRECTV COM	$0	–	-279,116	–	-1.14%	–
AEL	Exit	AMERICAN EQTY INVT LIFE HLD CO	$0	–	-791,159	–	-1.15%	–
TWX	Exit	TIME WARNER INC COM NEW	$0	–	-255,041	–	-1.15%	–
SWN	Exit	SOUTHWESTERN ENERGY CO COM	$0	–	-461,623	–	-1.15%	–
ACE	Exit	ACE LTD SHS	$0	–	-179,927	–	-1.16%	–
CSX	Exit	CSX CORP COM	$0	–	-660,063	–	-1.17%	–
CIT	Exit	CIT GROUP INC COM NEW	$0	–	-350,451	–	-1.17%	–
DTE	Exit	DTE ENERGY CO COM	$0	–	-259,954	–	-1.18%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP CO	$0	–	-525,583	–	-1.19%	–
INGR	Exit	INGREDION INC COM	$0	–	-262,586	–	-1.19%	–
ICON	Exit	ICONIX BRAND GROUP INC COM	$0	–	-528,074	–	-1.20%	–
T	Exit	AT&T INC COM	$0	–	-519,989	–	-1.21%	–
ATVI	Exit	ACTIVISION BLIZZARD INC COM	$0	–	-1,065,493	–	-1.22%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-358,286	–	-1.24%	–
SYK	Exit	STRYKER CORP COM	$0	–	-268,099	–	-1.24%	–
KR	Exit	KROGER CO COM	$0	–	-460,758	–	-1.28%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-401,345	–	-1.30%	–
STT	Exit	STATE STR CORP COM	$0	–	-291,746	–	-1.32%	–
MMM	Exit	3M CO COM	$0	–	-162,052	–	-1.33%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC COM	$0	–	-375,711	–	-1.33%	–
HP	Exit	HELMERICH & PAYNE INC COM	$0	–	-287,054	–	-1.36%	–
MAN	Exit	MANPOWERGROUP INC COM	$0	–	-280,912	–	-1.40%	–
BHI	Exit	BAKER HUGHES INC COM	$0	–	-424,686	–	-1.43%	–
DOV	Exit	DOVER CORP COM	$0	–	-235,829	–	-1.45%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQ INC	$0	–	-333,065	–	-1.46%	–
BAX	Exit	BAXTER INTL INC COM	$0	–	-323,975	–	-1.46%	–
RF	Exit	REGIONS FINL CORP NEW COM	$0	–	-2,330,276	–	-1.48%	–
KEY	Exit	KEYCORP NEW COM	$0	–	-1,919,743	–	-1.50%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-692,939	–	-1.52%	–
CVD	Exit	COVANCE INC COM	$0	–	-266,569	–	-1.58%	–
JPM	Exit	JPMORGAN CHASE & CO COM	$0	–	-470,822	–	-1.67%	–
TDW	Exit	TIDEWATER INC COM	$0	–	-422,626	–	-1.72%	–
LNC	Exit	LINCOLN NATL CORP IND COM	$0	–	-617,833	–	-1.78%	–
CHS	Exit	CHICOS FAS INC COM	$0	–	-2,112,517	–	-2.42%	–
THO	Exit	THOR INDS INC COM	$0	–	-636,593	–	-2.54%	–

Q3 2013

			Value		Shares		↓ Weighting
THO	Buy	THOR INDS INC COM	$36,948,000	+21.5%	636,593	+2.9%	2.54%	+8.5%
CHS	Buy	CHICOS FAS INC COM	$35,195,000	+3.6%	2,112,517	+6.1%	2.42%	-7.4%
LNC	Sell	LINCOLN NATL CORP IND COM	$25,943,000	-9.2%	617,833	-21.1%	1.78%	-18.9%
TDW	Buy	TIDEWATER INC COM	$25,087,000	+5.5%	422,626	+1.3%	1.72%	-5.7%
JPM	Sell	JPMORGAN CHASE & CO COM	$24,337,000	-4.5%	470,822	-2.4%	1.67%	-14.6%
CVD	Buy	COVANCE INC COM	$23,048,000	+14.3%	266,569	+0.7%	1.58%	+2.1%
IVZ	Buy	INVESCO LTD SHS	$22,105,000	+19.3%	692,939	+19.0%	1.52%	+6.6%
KEY	Buy	KEYCORP NEW COM	$21,885,000	+4.8%	1,919,743	+1.5%	1.50%	-6.4%
RF	Sell	REGIONS FINL CORP NEW COM	$21,578,000	-18.5%	2,330,276	-16.1%	1.48%	-27.2%
BAX	Buy	BAXTER INTL INC COM	$21,282,000	-4.4%	323,975	+0.8%	1.46%	-14.6%
ARE	Buy	ALEXANDRIA REAL ESTATE EQ INC	$21,266,000	+0.5%	333,065	+3.5%	1.46%	-10.2%
DOV	Buy	DOVER CORP COM	$21,185,000	+16.4%	235,829	+0.6%	1.45%	+4.0%
BHI	New	BAKER HUGHES INC COM	$20,852,000	–	424,686	–	1.43%	–
MAN	Sell	MANPOWERGROUP INC COM	$20,434,000	+26.4%	280,912	-4.8%	1.40%	+13.0%
HP	Buy	HELMERICH & PAYNE INC COM	$19,792,000	+17.3%	287,054	+6.2%	1.36%	+4.8%
AKAM	Buy	AKAMAI TECHNOLOGIES INC COM	$19,424,000	+23.4%	375,711	+1.5%	1.33%	+10.2%
MMM	Buy	3M CO COM	$19,351,000	+10.8%	162,052	+1.5%	1.33%	-1.0%
STT	Sell	STATE STR CORP COM	$19,182,000	-5.9%	291,746	-6.6%	1.32%	-15.9%
ADI	Buy	ANALOG DEVICES INC COM	$18,883,000	+5.9%	401,345	+1.4%	1.30%	-5.4%
KR	Buy	KROGER CO COM	$18,587,000	+18.8%	460,758	+1.7%	1.28%	+6.1%
SYK	Buy	STRYKER CORP COM	$18,121,000	+6.1%	268,099	+1.6%	1.24%	-5.2%
ALL	Buy	ALLSTATE CORP COM	$18,111,000	+12.3%	358,286	+6.9%	1.24%	+0.3%
ATVI	New	ACTIVISION BLIZZARD INC COM	$17,772,000	–	1,065,493	–	1.22%	–
T	Buy	AT&T INC COM	$17,586,000	-3.0%	519,989	+1.5%	1.21%	-13.4%
ICON	Sell	ICONIX BRAND GROUP INC COM	$17,548,000	-5.3%	528,074	-16.2%	1.20%	-15.4%
INGR	New	INGREDION INC COM	$17,375,000	–	262,586	–	1.19%	–
PEG	Buy	PUBLIC SVC ENTERPRISE GROUP CO	$17,307,000	+21.5%	525,583	+20.5%	1.19%	+8.5%
DTE	Buy	DTE ENERGY CO COM	$17,152,000	-0.1%	259,954	+1.5%	1.18%	-10.8%
CIT	Buy	CIT GROUP INC COM NEW	$17,091,000	+6.2%	350,451	+1.5%	1.17%	-5.2%
CSX	Buy	CSX CORP COM	$16,990,000	+12.8%	660,063	+1.7%	1.17%	+0.8%
ACE	Buy	ACE LTD SHS	$16,834,000	+6.1%	179,927	+1.5%	1.16%	-5.2%
SWN	Buy	SOUTHWESTERN ENERGY CO COM	$16,794,000	+1.3%	461,623	+1.7%	1.15%	-9.5%
AEL	Buy	AMERICAN EQTY INVT LIFE HLD CO	$16,788,000	+51.2%	791,159	+11.9%	1.15%	+35.1%
TWX	Buy	TIME WARNER INC COM NEW	$16,784,000	+15.6%	255,041	+1.5%	1.15%	+3.2%
A309PS	Buy	DIRECTV COM	$16,686,000	-2.1%	279,116	+0.9%	1.14%	-12.6%
PXD	Sell	PIONEER NAT RES CO COM	$16,439,000	+14.9%	87,070	-11.9%	1.13%	+2.5%
BDX	Buy	BECTON DICKINSON & CO COM	$15,666,000	+2.9%	156,627	+1.7%	1.08%	-8.1%
KS	Sell	KAPSTONE PAPER & PACKAGING CRP	$15,605,000	-9.3%	364,601	-14.8%	1.07%	-19.0%
AXE	Buy	ANIXTER INTL INC COM	$15,388,000	+18.5%	175,544	+2.5%	1.06%	+5.8%
ICLR	Buy	ICON PLC SHS	$15,055,000	+21.1%	367,817	+4.8%	1.03%	+8.1%
RDN	Buy	RADIAN GROUP INC COM	$14,663,000	+33.7%	1,052,630	+11.5%	1.01%	+19.5%
GBL	Buy	GAMCO INVESTORS INC COM	$14,502,000	+44.0%	190,989	+5.1%	1.00%	+28.7%
ACXM	Buy	ACXIOM CORP COM	$14,501,000	+27.5%	510,770	+1.9%	1.00%	+13.8%
STI	New	SUNTRUST BKS INC COM	$14,088,000	–	434,552	–	0.97%	–
ODFL	Buy	OLD DOMINION FGHT LINES INC CO	$13,710,000	+23.2%	298,102	+11.5%	0.94%	+10.1%
EME	Buy	EMCOR GROUP INC COM	$12,934,000	+14.9%	330,551	+19.3%	0.89%	+2.7%
MHLD	Buy	MAIDEN HOLDINGS LTD SHS	$12,132,000	+10.2%	1,027,244	+4.7%	0.83%	-1.5%
PESXQ	Buy	PIONEER ENERGY SVCS CORP COM	$11,818,000	+47.1%	1,573,636	+29.7%	0.81%	+31.4%
BZ	Buy	BOISE INC COM	$11,434,000	+127.2%	907,438	+54.0%	0.78%	+102.8%
WMK	Sell	WEIS MKTS INC COM	$11,389,000	-3.7%	232,722	-11.3%	0.78%	-14.0%
PDCE	Buy	PDC ENERGY INC COM	$11,373,000	+43.2%	191,015	+23.8%	0.78%	+28.0%
SYKE	Buy	SYKES ENTERPRISES INC COM	$11,326,000	+20.0%	633,087	+5.7%	0.78%	+7.3%
REXX	Buy	REX ENERGY CORPORATION COM	$11,266,000	+32.6%	504,753	+4.4%	0.77%	+18.4%
FSTR	Buy	FOSTER L B CO COM	$11,119,000	+14.7%	243,099	+8.3%	0.76%	+2.4%
SASR	Buy	SANDY SPRING BANCORP INC COM	$11,075,000	+20.1%	476,556	+11.8%	0.76%	+7.3%
ONB	Buy	OLD NATL BANCORP IND COM	$10,992,000	+7.6%	774,071	+4.8%	0.76%	-3.8%
ASB	Buy	ASSOCIATED BANC CORP COM	$10,790,000	+4.4%	696,575	+4.8%	0.74%	-6.7%
PDS	Buy	PRECISION DRILLING CORP COM 20	$10,603,000	+30.6%	1,068,848	+12.6%	0.73%	+16.7%
CUZ	Buy	COUSINS PPTYS INC COM	$10,403,000	+6.8%	1,011,013	+4.8%	0.71%	-4.7%
MLI	Buy	MUELLER INDS INC COM	$10,407,000	+24.1%	186,937	+12.4%	0.71%	+10.9%
HNGR	Buy	HANGER INC COM NEW	$10,337,000	+33.0%	306,203	+24.6%	0.71%	+18.9%
GTN	Buy	GRAY TELEVISION INC COM	$10,325,000	+48.9%	1,315,232	+36.5%	0.71%	+33.0%
HT	Buy	HERSHA HOSPITALITY TR SH BEN I	$10,049,000	+3.9%	1,797,676	+4.8%	0.69%	-7.1%
CATO	Buy	CATO CORP NEW CL A	$9,934,000	+17.0%	355,047	+4.3%	0.68%	+4.4%
STNR	Buy	STEINER LEISURE LTD ORD	$9,541,000	+15.4%	163,286	+4.4%	0.66%	+3.1%
BMR	Buy	BIOMED REALTY TRUST INC COM	$9,525,000	+19.2%	512,390	+29.7%	0.65%	+6.5%
PFS	Buy	PROVIDENT FINL SVCS INC COM	$9,509,000	+7.7%	586,622	+4.9%	0.65%	-3.7%
WSBC	Buy	WESBANCO INC COM	$9,331,000	+17.8%	313,844	+4.7%	0.64%	+5.3%
PTC	Buy	PTC INC COM	$9,290,000	+22.1%	326,430	+5.2%	0.64%	+9.1%
CLNY	Buy	COLONY FINL INC COM	$9,229,000	+5.1%	461,918	+4.6%	0.63%	-6.1%
CYT	Buy	CYTEC INDS INC COM	$9,185,000	+17.2%	112,896	+5.5%	0.63%	+4.8%
VVC	Buy	VECTREN CORP COM	$9,075,000	+3.4%	272,105	+4.8%	0.62%	-7.7%
MLHR	Buy	MILLER HERMAN INC COM	$9,027,000	+13.3%	309,345	+5.1%	0.62%	+1.3%
	New	COLONIAL RLTY LTD PARTNERSHIP	$8,924,000	–	396,801	–	0.61%	–
NPBC	Buy	NATIONAL PENN BANCSHARES INC C	$8,747,000	+3.6%	870,367	+4.7%	0.60%	-7.6%
NTCT	Sell	NETSCOUT SYS INC COM	$8,691,000	-18.8%	340,429	-25.8%	0.60%	-27.5%
SAVE	New	SPIRIT AIRLS INC COM	$8,689,000	–	253,539	–	0.60%	–
RS	Buy	RELIANCE STEEL & ALUMINUM CO C	$8,664,000	+18.2%	118,244	+5.7%	0.60%	+5.7%
HWC	New	HANCOCK HLDG CO COM	$8,606,000	–	274,261	–	0.59%	–
POR	Buy	PORTLAND GEN ELEC CO COM NEW	$8,555,000	-3.2%	303,058	+4.8%	0.59%	-13.5%
SUI	Buy	SUN CMNTYS INC COM	$8,486,000	-10.3%	199,097	+4.7%	0.58%	-19.8%
ICUI	Buy	ICU MED INC COM	$8,411,000	+10.8%	123,825	+17.6%	0.58%	-1.0%
KALU	Buy	KAISER ALUMINUM CORP COM PAR $	$8,395,000	+41.8%	117,826	+23.3%	0.58%	+26.6%
PIPR	Buy	PIPER JAFFRAY COS COM	$8,369,000	+12.8%	244,075	+4.0%	0.58%	+0.9%
GRT	Buy	GLIMCHER RLTY TR SH BEN INT	$8,311,000	+18.6%	852,361	+32.9%	0.57%	+6.1%
KOP	Buy	KOPPERS HOLDINGS INC COM	$8,020,000	+18.3%	188,042	+5.9%	0.55%	+5.8%
ESIO	Buy	ELECTRO SCIENTIFIC INDS COM	$7,850,000	+9.5%	671,495	+0.8%	0.54%	-2.2%
WBS	Buy	WEBSTER FINL CORP CONN COM	$7,556,000	+4.6%	295,966	+5.2%	0.52%	-6.5%
CNL	Buy	CLECO CORP NEW COM	$7,392,000	+2.2%	164,844	+5.8%	0.51%	-8.8%
FAF	Buy	FIRST AMERN FINL CORP COM	$7,306,000	+15.5%	300,029	+4.5%	0.50%	+3.3%
HY	Sell	HYSTER YALE MATLS HANDLING INC	$6,765,000	+6.3%	75,438	-25.6%	0.46%	-5.1%
KLIC	Sell	KULICKE & SOFFA INDS INC COM	$6,073,000	+4.4%	525,805	-0.0%	0.42%	-6.7%
PNW	Buy	PINNACLE WEST CAP CORP COM	$5,890,000	+4.6%	107,594	+6.0%	0.40%	-6.7%
NUTR	Sell	NUTRACEUTICAL INTL CORP COM	$5,580,000	+14.1%	235,026	-1.7%	0.38%	+1.9%
PZZA	Buy	PAPA JOHNS INTL INC COM	$5,034,000	+12.4%	72,041	+5.2%	0.35%	+0.6%
QLGC	Sell	QLOGIC CORP COM	$4,900,000	-21.3%	447,871	-31.3%	0.34%	-29.9%
POWL	Buy	POWELL INDS INC COM	$4,613,000	+80.4%	75,263	+52.1%	0.32%	+61.7%
NNBR	Sell	NN INC COM	$4,549,000	+3.0%	292,349	-24.5%	0.31%	-8.0%
AVGTF	New	AVG TECHNOLOGIES N V SHS	$3,939,000	–	164,535	–	0.27%	–
CRDB	Buy	CRAWFORD & CO CL B	$3,398,000	+92.7%	350,277	+11.7%	0.23%	+72.6%
ADC	Buy	AGREE REALTY CORP COM	$3,246,000	+4.1%	107,548	+1.8%	0.22%	-7.1%
SLI	Sell	S L INDS INC COM	$3,221,000	-5.1%	131,727	-2.6%	0.22%	-15.3%
TRIB	Sell	TRINITY BIOTECH PLC SPON ADR N	$2,930,000	+19.8%	134,671	-7.2%	0.20%	+6.9%
CMT	Buy	CORE MOLDING TECHNOLOGIES INC	$2,649,000	+35.8%	276,490	+26.4%	0.18%	+21.3%
PCBK	Sell	PACIFIC CONTINENTAL CORP COM	$2,442,000	+10.9%	186,287	-0.2%	0.17%	-0.6%
NATH	Sell	NATHANS FAMOUS INC NEW COM	$2,334,000	-13.0%	44,214	-13.9%	0.16%	-22.3%
HMN	Sell	HORACE MANN EDUCATORS CORP NEW	$2,128,000	+7.5%	74,979	-7.7%	0.15%	-3.9%
BAGL	Sell	EINSTEIN NOAH REST GROUP INC C	$2,041,000	+15.2%	117,835	-5.6%	0.14%	+2.9%
KW	Sell	KENNEDY-WILSON HLDGS INC COM	$1,974,000	-29.7%	106,359	-36.9%	0.14%	-37.0%
GDPMQ	Sell	GOODRICH PETE CORP COM NEW	$1,877,000	+30.3%	77,256	-31.3%	0.13%	+16.2%
TMS	Sell	TMS INTL CORP CL A	$1,834,000	-40.0%	105,146	-49.0%	0.13%	-46.4%
RPT	Sell	RAMCO-GERSHENSON PPTYS TR COM	$1,831,000	-1.1%	118,794	-0.3%	0.13%	-11.3%
USPH	Sell	U S PHYSICAL THERAPY INC COM	$1,806,000	+12.0%	58,098	-0.4%	0.12%	0.0%
MRLN	Buy	MARLIN BUSINESS SVCS CORP COM	$1,777,000	+38.5%	71,212	+26.4%	0.12%	+23.2%
Q104PS	Sell	PARKWAY PPTYS INC COM	$1,775,000	+5.6%	99,884	-0.4%	0.12%	-5.4%
SAIA	Sell	SAIA INC COM	$1,774,000	+3.6%	56,904	-0.5%	0.12%	-7.6%
STC	Buy	STEWART INFORMATION SVCS CORP	$1,731,000	+56.7%	54,102	+28.2%	0.12%	+40.0%
NP	Sell	NEENAH PAPER INC COM	$1,692,000	-29.5%	43,042	-43.1%	0.12%	-37.0%
T102SC	Sell	KITE RLTY GROUP TR COM	$1,673,000	-1.6%	282,122	-0.0%	0.12%	-12.2%
WCIC	New	WCI CMNTYS INC COM PAR $0.01	$1,675,000	–	97,060	–	0.12%	–
ARKR	Buy	ARK RESTAURANTS CORP COM	$1,642,000	+24.7%	76,557	+22.9%	0.11%	+11.9%
WDR	Buy	WADDELL & REED FINL INC CL A	$1,566,000	+19.5%	30,425	+0.9%	0.11%	+6.9%
BIRT	Sell	ACTUATE CORP COM	$1,570,000	+10.2%	213,669	-0.5%	0.11%	-0.9%
MRTN	Sell	MARTEN TRANS LTD COM	$1,529,000	+9.1%	89,062	-0.4%	0.10%	-2.8%
MTSC	Sell	MTS SYS CORP COM	$1,513,000	+13.3%	23,510	-0.3%	0.10%	+1.0%
RGCO	Buy	RGC RES INC COM	$1,495,000	-4.4%	77,524	+0.4%	0.10%	-14.2%
DWSN	Buy	DAWSON GEOPHYSICAL CO COM	$1,484,000	+30.9%	45,716	+48.5%	0.10%	+17.2%
IPG	Sell	INTERPUBLIC GROUP COS INC COM	$1,476,000	+0.3%	85,893	-15.0%	0.10%	-10.6%
CPK	Buy	CHESAPEAKE UTILS CORP COM	$1,474,000	+2.1%	28,078	+0.2%	0.10%	-9.0%
ICFI	Sell	ICF INTL INC COM	$1,469,000	+11.9%	41,479	-0.4%	0.10%	0.0%
JRN	Sell	JOURNAL COMMUNICATIONS INC CL	$1,427,000	+13.5%	166,953	-0.5%	0.10%	+1.0%
IOSP	Sell	INNOSPEC INC COM	$1,418,000	+15.6%	30,395	-0.5%	0.10%	+3.2%
RGP	Sell	RESOURCES CONNECTION INC COM	$1,388,000	+2.9%	102,318	-12.0%	0.10%	-8.7%
XRTX	New	XYRATEX LTD COM	$1,311,000	–	117,760	–	0.09%	–
ACAT	Sell	ARCTIC CAT INC COM	$1,313,000	+26.1%	23,015	-0.5%	0.09%	+12.5%
CCG	Sell	CAMPUS CREST CMNTYS INC COM	$1,294,000	-6.7%	119,809	-0.3%	0.09%	-16.8%
STFC	Sell	STATE AUTO FINL CORP COM	$1,249,000	+14.7%	59,624	-0.5%	0.09%	+2.4%
EMCI	Sell	EMC INS GROUP INC COM	$1,245,000	+14.3%	41,269	-0.5%	0.08%	+1.2%
SYMC	Buy	SYMANTEC CORP COM	$1,234,000	+11.0%	49,843	+0.8%	0.08%	0.0%
COBZ	Sell	COBIZ FINANCIAL INC COM	$1,228,000	+15.8%	127,173	-0.4%	0.08%	+3.7%
CCF	Sell	CHASE CORP COM	$1,222,000	-1.8%	41,579	-25.3%	0.08%	-12.5%
LVNTA	New	LIBERTY INTERACTIVE CORP LBT V	$1,206,000	–	13,680	–	0.08%	–
HOME	Sell	HOME FED BANCORP INC MD COM	$1,190,000	-6.3%	94,581	-5.1%	0.08%	-16.3%
CYNO	Sell	CYNOSURE INC CL A	$1,179,000	-12.6%	51,698	-0.4%	0.08%	-22.1%
CBNK	Sell	CHICOPEE BANCORP INC COM	$1,170,000	+4.2%	66,453	-0.0%	0.08%	-7.0%
NRIM	Sell	NORTHRIM BANCORP INC COM	$1,171,000	-0.5%	48,574	-0.1%	0.08%	-11.1%
IXYS	Sell	IXYS CORP COM	$1,152,000	-13.2%	119,385	-0.5%	0.08%	-22.5%
TER	Buy	TERADYNE INC COM	$1,104,000	-5.3%	66,835	+0.7%	0.08%	-15.6%
LXFR	New	LUXFER HLDGS PLC SPONSORED ADR	$1,109,000	–	69,430	–	0.08%	–
ROCK	Sell	GIBRALTAR INDS INC COM	$1,069,000	-2.5%	74,937	-0.4%	0.07%	-13.1%
UTL	Buy	UNITIL CORP COM	$1,067,000	+2.0%	36,445	+0.6%	0.07%	-8.8%
SGA	Sell	SAGA COMMUNICATIONS INC CL A N	$1,037,000	-3.7%	23,364	-0.4%	0.07%	-14.5%
OMN	Sell	OMNOVA SOLUTIONS INC COM	$1,036,000	+6.3%	121,180	-0.5%	0.07%	-5.3%
BFIN	Buy	BANKFINANCIAL CORP COM	$1,023,000	+4.5%	115,780	+0.6%	0.07%	-6.7%
OKSB	Sell	SOUTHWEST BANCORP INC OKLA COM	$1,011,000	+11.7%	68,263	-0.5%	0.07%	-1.4%
CLCT	Sell	COLLECTORS UNIVERSE INC COM NE	$997,000	+10.3%	67,934	-0.4%	0.07%	-1.4%
MSFG	Buy	MAINSOURCE FINANCIAL GP INC CO	$974,000	+13.5%	64,141	+0.4%	0.07%	+1.5%
CRWS	New	CROWN CRAFTS INC COM	$945,000	–	131,028	–	0.06%	–
WASH	Sell	WASHINGTON TR BANCORP COM	$944,000	+10.0%	30,048	-0.1%	0.06%	-1.5%
LDL	New	LYDALL INC DEL COM	$904,000	–	52,670	–	0.06%	–
CTG	Sell	COMPUTER TASK GROUP INC COM	$866,000	-30.0%	53,585	-0.5%	0.06%	-37.9%
AMSWA	Sell	AMERICAN SOFTWARE INC CL A	$829,000	-2.2%	97,055	-0.5%	0.06%	-12.3%
MLR	Sell	MILLER INDS INC TENN COM NEW	$725,000	+10.0%	42,687	-0.4%	0.05%	-2.0%
HTBK	Buy	HERITAGE COMMERCE CORP COM	$605,000	+53.2%	79,021	+40.1%	0.04%	+40.0%
MTRX	New	MATRIX SVC CO COM	$610,000	–	31,082	–	0.04%	–
CULP	Buy	CULP INC COM	$546,000	+8.1%	29,171	+0.4%	0.04%	-5.1%
SFG	Buy	STANCORP FINL GROUP INC COM	$509,000	+13.9%	9,259	+2.4%	0.04%	+2.9%
GNW	Buy	GENWORTH FINL INC COM CL A	$485,000	+34.3%	37,893	+19.7%	0.03%	+17.9%
FITB	Buy	FIFTH THIRD BANCORP COM	$484,000	+19.8%	26,810	+19.8%	0.03%	+6.5%
IP	Buy	INTL PAPER CO COM	$470,000	+3.5%	10,495	+2.5%	0.03%	-8.6%
DRE	Buy	DUKE REALTY CORP COM NEW	$450,000	+26.1%	29,177	+27.3%	0.03%	+14.8%
TSS	Buy	TOTAL SYS SVCS INC COM	$447,000	+22.8%	15,193	+2.3%	0.03%	+10.7%
NKSH	Sell	NATIONAL BANKSHARES INC VA COM	$436,000	-54.2%	12,159	-54.6%	0.03%	-58.9%
WOOF	Buy	VCA ANTECH INC COM	$436,000	+16.6%	15,884	+10.8%	0.03%	+3.4%
AFG	Buy	AMERICAN FINL GROUP INC OHIO C	$401,000	+13.0%	7,417	+2.3%	0.03%	+3.7%
SURG	New	SYNERGETICS USA INC COM	$414,000	–	91,074	–	0.03%	–
FLR	Buy	FLUOR CORP NEW COM	$402,000	+22.6%	5,668	+2.5%	0.03%	+12.0%
EE	New	EL PASO ELEC CO COM NEW	$389,000	–	11,637	–	0.03%	–
FCEA	Buy	FOREST CITY ENTERPRISES INC CL	$394,000	+7.9%	20,802	+2.0%	0.03%	-3.6%
H	Buy	HYATT HOTELS CORP COM CL A	$383,000	+18.9%	8,926	+11.8%	0.03%	+4.0%
PNM	Buy	PNM RES INC COM	$382,000	+4.4%	16,899	+2.6%	0.03%	-7.1%
AVY	Buy	AVERY DENNISON CORP COM	$354,000	+4.1%	8,141	+2.5%	0.02%	-7.7%
LEA	Sell	LEAR CORP COM NEW	$333,000	-34.6%	4,651	-44.7%	0.02%	-41.0%
DISH	Buy	DISH NETWORK CORP CL A	$313,000	+8.3%	6,959	+2.2%	0.02%	-4.5%
PTEN	Sell	PATTERSON UTI ENERGY INC COM	$303,000	-97.6%	14,194	-97.8%	0.02%	-97.9%
DNRCQ	Buy	DENBURY RES INC COM NEW	$307,000	+9.3%	16,668	+2.6%	0.02%	-4.5%
HUBB	Buy	HUBBELL INC CL B	$297,000	+8.4%	2,833	+2.2%	0.02%	-4.8%
HTLD	Sell	HEARTLAND EXPRESS INC COM	$267,000	-97.4%	18,782	-97.5%	0.02%	-97.8%
CPT	Exit	CAMDEN PPTY TR SH BEN INT	$0	–	-4,641	–	-0.02%	–
KONAQ	Exit	KONA GRILL INC COM	$0	–	-31,507	–	-0.03%	–
MITT	Exit	AG MTG INVT TR INC COM	$0	–	-38,270	–	-0.06%	–
ETY	Exit	EATON VANCE TX MGD DIV EQ INCM	$0	–	-76,890	–	-0.06%	–
ADX	Exit	ADAMS EXPRESS CO COM	$0	–	-68,590	–	-0.06%	–
WMAR	Exit	WEST MARINE INC COM	$0	–	-76,478	–	-0.06%	–
FDX	Exit	FEDEX CORP COM	$0	–	-9,135	–	-0.07%	–
TISUQ	Exit	ORCHIDS PAPER PRODS CO DEL COM	$0	–	-37,896	–	-0.08%	–
NANO	Exit	NANOMETRICS INC COM	$0	–	-79,863	–	-0.09%	–
SIMO	Exit	SILICON MOTION TECHNOLOGY CORP	$0	–	-496,512	–	-0.40%	–
CLP	Exit	COLONIAL PPTYS TR COM SH BEN I	$0	–	-378,802	–	-0.70%	–
BLC	Exit	BELO CORP COM SER A	$0	–	-685,679	–	-0.74%	–
AGU	Exit	AGRIUM INC COM	$0	–	-135,480	–	-0.90%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-68,314	–	-1.00%	–

Q2 2013

			Value		Shares		↓ Weighting
CHS	New	CHICOS FAS INC COM	$33,966,000	–	1,990,981	–	2.61%	–
THO	New	THOR INDS INC COM	$30,411,000	–	618,363	–	2.34%	–
LNC	New	LINCOLN NATL CORP IND COM	$28,574,000	–	783,499	–	2.20%	–
RF	New	REGIONS FINL CORP NEW COM	$26,471,000	–	2,777,682	–	2.03%	–
JPM	New	JPMORGAN CHASE & CO COM	$25,473,000	–	482,538	–	1.96%	–
TDW	New	TIDEWATER INC COM	$23,779,000	–	417,403	–	1.83%	–
BAX	New	BAXTER INTL INC COM	$22,260,000	–	321,353	–	1.71%	–
ARE	New	ALEXANDRIA REAL ESTATE EQ INC	$21,157,000	–	321,926	–	1.63%	–
KEY	New	KEYCORP NEW COM	$20,876,000	–	1,890,949	–	1.60%	–
STT	New	STATE STR CORP COM	$20,377,000	–	312,477	–	1.57%	–
CVD	New	COVANCE INC COM	$20,159,000	–	264,768	–	1.55%	–
ICON	New	ICONIX BRAND GROUP INC COM	$18,539,000	–	630,367	–	1.42%	–
IVZ	New	INVESCO LTD SHS	$18,522,000	–	582,461	–	1.42%	–
DOV	New	DOVER CORP COM	$18,197,000	–	234,313	–	1.40%	–
T	New	AT&T INC COM	$18,135,000	–	512,292	–	1.39%	–
ADI	New	ANALOG DEVICES INC COM	$17,828,000	–	395,645	–	1.37%	–
MMM	New	3M CO COM	$17,466,000	–	159,730	–	1.34%	–
KS	New	KAPSTONE PAPER & PACKAGING CRP	$17,204,000	–	428,177	–	1.32%	–
DTE	New	DTE ENERGY CO COM	$17,162,000	–	256,107	–	1.32%	–
SYK	New	STRYKER CORP COM	$17,074,000	–	263,979	–	1.31%	–
A309PS	New	DIRECTV COM	$17,051,000	–	276,626	–	1.31%	–
HP	New	HELMERICH & PAYNE INC COM	$16,878,000	–	270,263	–	1.30%	–
SWN	New	SOUTHWESTERN ENERGY CO COM	$16,580,000	–	453,865	–	1.27%	–
MAN	New	MANPOWERGROUP INC COM	$16,164,000	–	294,970	–	1.24%	–
ALL	New	ALLSTATE CORP COM	$16,125,000	–	335,105	–	1.24%	–
CIT	New	CIT GROUP INC COM NEW	$16,097,000	–	345,197	–	1.24%	–
ACE	New	ACE LTD SHS	$15,860,000	–	177,248	–	1.22%	–
AKAM	New	AKAMAI TECHNOLOGIES INC COM	$15,743,000	–	369,992	–	1.21%	–
KR	New	KROGER CO COM	$15,652,000	–	453,152	–	1.20%	–
BDX	New	BECTON DICKINSON & CO COM	$15,224,000	–	154,038	–	1.17%	–
CSX	New	CSX CORP COM	$15,057,000	–	649,275	–	1.16%	–
TWX	New	TIME WARNER INC COM NEW	$14,523,000	–	251,168	–	1.12%	–
PXD	New	PIONEER NAT RES CO COM	$14,311,000	–	98,866	–	1.10%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP CO	$14,250,000	–	436,313	–	1.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$13,055,000	–	68,314	–	1.00%	–
AXE	New	ANIXTER INTL INC COM	$12,990,000	–	171,345	–	1.00%	–
PTEN	New	PATTERSON UTI ENERGY INC COM	$12,772,000	–	659,865	–	0.98%	–
ICLR	New	ICON PLC SHS	$12,437,000	–	351,017	–	0.96%	–
WMK	New	WEIS MKTS INC COM	$11,829,000	–	262,448	–	0.91%	–
AGU	New	AGRIUM INC COM	$11,781,000	–	135,480	–	0.90%	–
ACXM	New	ACXIOM CORP COM	$11,369,000	–	501,282	–	0.87%	–
EME	New	EMCOR GROUP INC COM	$11,259,000	–	276,979	–	0.86%	–
ODFL	New	OLD DOMINION FGHT LINES INC CO	$11,126,000	–	267,335	–	0.86%	–
AEL	New	AMERICAN EQTY INVT LIFE HLD CO	$11,105,000	–	707,307	–	0.85%	–
MHLD	New	MAIDEN HOLDINGS LTD SHS	$11,007,000	–	981,050	–	0.85%	–
RDN	New	RADIAN GROUP INC COM	$10,969,000	–	944,016	–	0.84%	–
NTCT	New	NETSCOUT SYS INC COM	$10,707,000	–	458,736	–	0.82%	–
HTLD	New	HEARTLAND EXPRESS INC COM	$10,453,000	–	753,338	–	0.80%	–
ASB	New	ASSOCIATED BANC CORP COM	$10,332,000	–	664,462	–	0.79%	–
ONB	New	OLD NATL BANCORP IND COM	$10,214,000	–	738,519	–	0.78%	–
GBL	New	GAMCO INVESTORS INC COM	$10,073,000	–	181,790	–	0.77%	–
CUZ	New	COUSINS PPTYS INC COM	$9,743,000	–	964,657	–	0.75%	–
FSTR	New	FOSTER L B CO COM	$9,693,000	–	224,534	–	0.74%	–
HT	New	HERSHA HOSPITALITY TR SH BEN I	$9,675,000	–	1,715,463	–	0.74%	–
BLC	New	BELO CORP COM SER A	$9,565,000	–	685,679	–	0.74%	–
SUI	New	SUN CMNTYS INC COM	$9,463,000	–	190,181	–	0.73%	–
SYKE	New	SYKES ENTERPRISES INC COM	$9,439,000	–	598,923	–	0.72%	–
SASR	New	SANDY SPRING BANCORP INC COM	$9,219,000	–	426,404	–	0.71%	–
CLP	New	COLONIAL PPTYS TR COM SH BEN I	$9,137,000	–	378,802	–	0.70%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$8,842,000	–	289,060	–	0.68%	–
PFS	New	PROVIDENT FINL SVCS INC COM	$8,827,000	–	559,387	–	0.68%	–
CLNY	New	COLONY FINL INC COM	$8,780,000	–	441,430	–	0.68%	–
VVC	New	VECTREN CORP COM	$8,780,000	–	259,529	–	0.68%	–
REXX	New	REX ENERGY CORPORATION COM	$8,499,000	–	483,450	–	0.65%	–
CATO	New	CATO CORP NEW CL A	$8,494,000	–	340,288	–	0.65%	–
NPBC	New	NATIONAL PENN BANCSHARES INC C	$8,446,000	–	831,300	–	0.65%	–
MLI	New	MUELLER INDS INC COM	$8,386,000	–	166,288	–	0.64%	–
STNR	New	STEINER LEISURE LTD ORD	$8,271,000	–	156,475	–	0.64%	–
PDS	New	PRECISION DRILLING CORP COM 20	$8,116,000	–	949,265	–	0.62%	–
PESXQ	New	PIONEER ENERGY SVCS CORP COM	$8,032,000	–	1,213,354	–	0.62%	–
BMR	New	BIOMED REALTY TRUST INC COM	$7,994,000	–	395,153	–	0.61%	–
MLHR	New	MILLER HERMAN INC COM	$7,967,000	–	294,307	–	0.61%	–
PDCE	New	PDC ENERGY INC COM	$7,941,000	–	154,251	–	0.61%	–
WSBC	New	WESBANCO INC COM	$7,922,000	–	299,732	–	0.61%	–
CYT	New	CYTEC INDS INC COM	$7,839,000	–	107,013	–	0.60%	–
HNGR	New	HANGER INC COM NEW	$7,775,000	–	245,819	–	0.60%	–
PTC	New	PTC INC COM	$7,611,000	–	310,254	–	0.58%	–
ICUI	New	ICU MED INC COM	$7,588,000	–	105,305	–	0.58%	–
PIPR	New	PIPER JAFFRAY COS COM	$7,417,000	–	234,648	–	0.57%	–
RS	New	RELIANCE STEEL & ALUMINUM CO C	$7,332,000	–	111,837	–	0.56%	–
CNL	New	CLECO CORP NEW COM	$7,232,000	–	155,769	–	0.56%	–
WBS	New	WEBSTER FINL CORP CONN COM	$7,223,000	–	281,262	–	0.56%	–
ESIO	New	ELECTRO SCIENTIFIC INDS COM	$7,169,000	–	666,290	–	0.55%	–
GRT	New	GLIMCHER RLTY TR SH BEN INT	$7,005,000	–	641,508	–	0.54%	–
GTN	New	GRAY TELEVISION INC COM	$6,936,000	–	963,291	–	0.53%	–
KOP	New	KOPPERS HOLDINGS INC COM	$6,780,000	–	177,575	–	0.52%	–
HY	New	HYSTER YALE MATLS HANDLING INC	$6,363,000	–	101,341	–	0.49%	–
FAF	New	FIRST AMERN FINL CORP COM	$6,326,000	–	287,015	–	0.49%	–
QLGC	New	QLOGIC CORP COM	$6,230,000	–	651,652	–	0.48%	–
KALU	New	KAISER ALUMINUM CORP COM PAR $	$5,919,000	–	95,566	–	0.46%	–
KLIC	New	KULICKE & SOFFA INDS INC COM	$5,818,000	–	526,041	–	0.45%	–
PNW	New	PINNACLE WEST CAP CORP COM	$5,631,000	–	101,507	–	0.43%	–
SIMO	New	SILICON MOTION TECHNOLOGY CORP	$5,258,000	–	496,512	–	0.40%	–
BZ	New	BOISE INC COM	$5,033,000	–	589,299	–	0.39%	–
NUTR	New	NUTRACEUTICAL INTL CORP COM	$4,889,000	–	239,184	–	0.38%	–
PZZA	New	PAPA JOHNS INTL INC COM	$4,479,000	–	68,512	–	0.34%	–
NNBR	New	NN INC COM	$4,417,000	–	387,149	–	0.34%	–
SLI	New	S L INDS INC COM	$3,393,000	–	135,296	–	0.26%	–
ADC	New	AGREE REALTY CORP COM	$3,119,000	–	105,658	–	0.24%	–
TMS	New	TMS INTL CORP CL A	$3,056,000	–	206,094	–	0.24%	–
KW	New	KENNEDY-WILSON HLDGS INC COM	$2,807,000	–	168,664	–	0.22%	–
NATH	New	NATHANS FAMOUS INC NEW COM	$2,683,000	–	51,344	–	0.21%	–
POWL	New	POWELL INDS INC COM	$2,557,000	–	49,498	–	0.20%	–
TRIB	New	TRINITY BIOTECH PLC SPON ADR N	$2,445,000	–	145,101	–	0.19%	–
NP	New	NEENAH PAPER INC COM	$2,401,000	–	75,582	–	0.18%	–
PCBK	New	PACIFIC CONTINENTAL CORP COM	$2,202,000	–	186,617	–	0.17%	–
HMN	New	HORACE MANN EDUCATORS CORP NEW	$1,980,000	–	81,214	–	0.15%	–
CMT	New	CORE MOLDING TECHNOLOGIES INC	$1,951,000	–	218,710	–	0.15%	–
RPT	New	RAMCO-GERSHENSON PPTYS TR COM	$1,851,000	–	119,194	–	0.14%	–
BAGL	New	EINSTEIN NOAH REST GROUP INC C	$1,772,000	–	124,815	–	0.14%	–
CRDB	New	CRAWFORD & CO CL B	$1,763,000	–	313,694	–	0.14%	–
SAIA	New	SAIA INC COM	$1,713,000	–	57,164	–	0.13%	–
T102SC	New	KITE RLTY GROUP TR COM	$1,701,000	–	282,142	–	0.13%	–
Q104PS	New	PARKWAY PPTYS INC COM	$1,681,000	–	100,287	–	0.13%	–
USPH	New	U S PHYSICAL THERAPY INC COM	$1,613,000	–	58,348	–	0.12%	–
RGCO	New	RGC RES INC COM	$1,563,000	–	77,184	–	0.12%	–
IPG	New	INTERPUBLIC GROUP COS INC COM	$1,471,000	–	101,104	–	0.11%	–
CPK	New	CHESAPEAKE UTILS CORP COM	$1,443,000	–	28,018	–	0.11%	–
GDPMQ	New	GOODRICH PETE CORP COM NEW	$1,440,000	–	112,466	–	0.11%	–
BIRT	New	ACTUATE CORP COM	$1,425,000	–	214,669	–	0.11%	–
MRTN	New	MARTEN TRANS LTD COM	$1,402,000	–	89,442	–	0.11%	–
CCG	New	CAMPUS CREST CMNTYS INC COM	$1,387,000	–	120,199	–	0.11%	–
RGP	New	RESOURCES CONNECTION INC COM	$1,349,000	–	116,308	–	0.10%	–
CYNO	New	CYNOSURE INC CL A	$1,349,000	–	51,928	–	0.10%	–
MTSC	New	MTS SYS CORP COM	$1,335,000	–	23,580	–	0.10%	–
IXYS	New	IXYS CORP COM	$1,327,000	–	119,985	–	0.10%	–
WDR	New	WADDELL & REED FINL INC CL A	$1,311,000	–	30,147	–	0.10%	–
ICFI	New	ICF INTL INC COM	$1,313,000	–	41,659	–	0.10%	–
ARKR	New	ARK RESTAURANTS CORP COM	$1,317,000	–	62,277	–	0.10%	–
MRLN	New	MARLIN BUSINESS SVCS CORP COM	$1,283,000	–	56,318	–	0.10%	–
HOME	New	HOME FED BANCORP INC MD COM	$1,270,000	–	99,663	–	0.10%	–
JRN	New	JOURNAL COMMUNICATIONS INC CL	$1,257,000	–	167,823	–	0.10%	–
CCF	New	CHASE CORP COM	$1,245,000	–	55,659	–	0.10%	–
CTG	New	COMPUTER TASK GROUP INC COM	$1,237,000	–	53,855	–	0.10%	–
IOSP	New	INNOSPEC INC COM	$1,227,000	–	30,545	–	0.09%	–
NANO	New	NANOMETRICS INC COM	$1,172,000	–	79,863	–	0.09%	–
NRIM	New	NORTHRIM BANCORP INC COM	$1,177,000	–	48,644	–	0.09%	–
TER	New	TERADYNE INC COM	$1,166,000	–	66,348	–	0.09%	–
DWSN	New	DAWSON GEOPHYSICAL CO COM	$1,134,000	–	30,778	–	0.09%	–
CBNK	New	CHICOPEE BANCORP INC COM	$1,123,000	–	66,463	–	0.09%	–
SYMC	New	SYMANTEC CORP COM	$1,112,000	–	49,461	–	0.08%	–
STC	New	STEWART INFORMATION SVCS CORP	$1,105,000	–	42,205	–	0.08%	–
EMCI	New	EMC INS GROUP INC COM	$1,089,000	–	41,459	–	0.08%	–
STFC	New	STATE AUTO FINL CORP COM	$1,089,000	–	59,914	–	0.08%	–
ROCK	New	GIBRALTAR INDS INC COM	$1,096,000	–	75,247	–	0.08%	–
SGA	New	SAGA COMMUNICATIONS INC CL A N	$1,077,000	–	23,464	–	0.08%	–
COBZ	New	COBIZ FINANCIAL INC COM	$1,060,000	–	127,683	–	0.08%	–
UTL	New	UNITIL CORP COM	$1,046,000	–	36,235	–	0.08%	–
ACAT	New	ARCTIC CAT INC COM	$1,041,000	–	23,135	–	0.08%	–
TISUQ	New	ORCHIDS PAPER PRODS CO DEL COM	$995,000	–	37,896	–	0.08%	–
OMN	New	OMNOVA SOLUTIONS INC COM	$975,000	–	121,730	–	0.08%	–
BFIN	New	BANKFINANCIAL CORP COM	$979,000	–	115,120	–	0.08%	–
NKSH	New	NATIONAL BANKSHARES INC VA COM	$951,000	–	26,775	–	0.07%	–
OKSB	New	SOUTHWEST BANCORP INC OKLA COM	$905,000	–	68,573	–	0.07%	–
CLCT	New	COLLECTORS UNIVERSE INC COM NE	$904,000	–	68,234	–	0.07%	–
FDX	New	FEDEX CORP COM	$901,000	–	9,135	–	0.07%	–
MSFG	New	MAINSOURCE FINANCIAL GP INC CO	$858,000	–	63,871	–	0.07%	–
WASH	New	WASHINGTON TR BANCORP COM	$858,000	–	30,068	–	0.07%	–
WMAR	New	WEST MARINE INC COM	$841,000	–	76,478	–	0.06%	–
AMSWA	New	AMERICAN SOFTWARE INC CL A	$848,000	–	97,545	–	0.06%	–
ADX	New	ADAMS EXPRESS CO COM	$820,000	–	68,590	–	0.06%	–
ETY	New	EATON VANCE TX MGD DIV EQ INCM	$782,000	–	76,890	–	0.06%	–
CET	New	CENTRAL SECS CORP COM	$742,000	–	35,190	–	0.06%	–
BIF	New	BOULDER GROWTH & INCOME FD INC	$738,000	–	99,250	–	0.06%	–
MITT	New	AG MTG INVT TR INC COM	$720,000	–	38,270	–	0.06%	–
MLR	New	MILLER INDS INC TENN COM NEW	$659,000	–	42,867	–	0.05%	–
CULP	New	CULP INC COM	$505,000	–	29,061	–	0.04%	–
LEA	New	LEAR CORP COM NEW	$509,000	–	8,418	–	0.04%	–
IP	New	INTL PAPER CO COM	$454,000	–	10,237	–	0.04%	–
SFG	New	STANCORP FINL GROUP INC COM	$447,000	–	9,043	–	0.03%	–
FITB	New	FIFTH THIRD BANCORP COM	$404,000	–	22,373	–	0.03%	–
HTBK	New	HERITAGE COMMERCE CORP COM	$395,000	–	56,408	–	0.03%	–
WOOF	New	VCA ANTECH INC COM	$374,000	–	14,336	–	0.03%	–
TSS	New	TOTAL SYS SVCS INC COM	$364,000	–	14,854	–	0.03%	–
PNM	New	PNM RES INC COM	$366,000	–	16,478	–	0.03%	–
GNW	New	GENWORTH FINL INC COM CL A	$361,000	–	31,645	–	0.03%	–
KONAQ	New	KONA GRILL INC COM	$369,000	–	31,507	–	0.03%	–
FCEA	New	FOREST CITY ENTERPRISES INC CL	$365,000	–	20,395	–	0.03%	–
AFG	New	AMERICAN FINL GROUP INC OHIO C	$355,000	–	7,250	–	0.03%	–
DRE	New	DUKE REALTY CORP COM NEW	$357,000	–	22,919	–	0.03%	–
AVY	New	AVERY DENNISON CORP COM	$340,000	–	7,945	–	0.03%	–
FLR	New	FLUOR CORP NEW COM	$328,000	–	5,529	–	0.02%	–
H	New	HYATT HOTELS CORP COM CL A	$322,000	–	7,982	–	0.02%	–
CPT	New	CAMDEN PPTY TR SH BEN INT	$321,000	–	4,641	–	0.02%	–
DISH	New	DISH NETWORK CORP CL A	$289,000	–	6,808	–	0.02%	–
DNRCQ	New	DENBURY RES INC COM NEW	$281,000	–	16,239	–	0.02%	–
HUBB	New	HUBBELL INC CL B	$274,000	–	2,772	–	0.02%	–

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