Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNM	UNUM GROUP	614,923	$17.93M	4.1%	$28.80	+1.0%	COM	91529Y106
EG	EVEREST RE GROUP	55,407	$15.34M	3.5%	$99.45	+133.4%	COM	G3223R108
AIT	APPLIED INDL TECHNLGIES INC CO	207,263	$13.82M	3.1%	$36.66	+55.2%	COM	03820C105
INGR	INGREDION INC COM	127,265	$11.83M	2.7%	$81.77	+2.7%	COM	457187102
MUR	MURPHY OIL CORP COM	427,160	$11.45M	2.6%	$23.53	-21.8%	COM	626717102
CALY	CALLAWAY GOLF CO COM	493,129	$10.45M	2.4%	$8.59	+138.1%	COM	131193104
SCL	STEPAN CHEMICAL CO	100,701	$10.32M	2.3%	$51.68	+88.6%	COM	858586100
GRC	GORMAN RUPP CO	267,285	$10.02M	2.3%	$24.93	+46.0%	COM	383082104
BA	BOEING CO	30,750	$10.02M	2.3%	$135.00	+160.0%	COM	097023105
HP	HELMERICH & PAYNE INC	212,637	$9.66M	2.2%	$57.64	-30.4%	COM	423452101
MFC	MANULIFE FINL CORP COM	471,800	$9.573M	2.2%	$14.68	+30.1%	COM	56501R106
WSO	WATSCO INC	50,800	$9.152M	2.1%	$84.42	+108.3%	COM	942622200
INN	SUMMIT HOTEL PPTYS INC COM	718,599	$8.868M	2.0%	$11.08	—	COM	866082100
ALG	ALAMO GROUP INC COM	69,959	$8.783M	2.0%	$69.27	+63.4%	COM	011311107
WSM	WILLIAMS SONOMA INC COM	118,050	$8.669M	2.0%	$20.31	+51.1%	COM	969904101
FSLR	FIRST SOLAR INC COM	148,866	$8.331M	1.9%	$42.59	+29.0%	COM	336433107
PEP	PEPSICO INC	60,718	$8.298M	1.9%	$56.07	+101.1%	COM	713448108
—	ARGO GROUP INTL HLDGS LTD COM	124,383	$8.178M	1.9%	$45.53	—	COM	G0464B107
NUE	NUCOR CORP	141,117	$7.942M	1.8%	$32.41	+48.7%	COM	670346105
KIM	KIMCO RLTY CORP COM	376,602	$7.799M	1.8%	$11.16	+42.7%	COM	49446R109
BHF	BRIGHTHOUSE FINL INC COM	180,129	$7.066M	1.6%	$47.47	-17.1%	COM	10922N103
—	CONSOLIDATED TOMOKA LD CO COM	114,234	$6.891M	1.6%	$52.58	—	COM	210226106
662	ASIA FINANCIAL HOLDINGS LTD SH	13,405,415	$6.884M	1.6%	$0.45	—	COM	G0532X107
SIG	SIGNET JEWELERS LIMITED SHS	310,153	$6.742M	1.5%	$37.74	-56.4%	COM	G81276100
WST	WEST PHARMACEUTICAL SVCS INCCO	43,590	$6.553M	1.5%	$33.09	+333.2%	COM	955306105
—	AEGON N V NY REGISTRY SH	1,435,415	$6.503M	1.5%	$5.18	—	COM	007924103
ORN	ORION MARINE GROUP INC COM	1,252,790	$6.502M	1.5%	$5.70	-12.9%	COM	68628V308
AMWD	AMERICAN WOODMARK CORP COM	61,654	$6.443M	1.5%	$75.76	+32.6%	COM	030506109
UPS	UNITED PARCEL SVC INC CL B	54,990	$6.437M	1.5%	$55.38	+67.6%	COM	911312106
HLMMF	HOLMEN AB-B	199,958	$6.115M	1.4%	$32.61	0.0%	COM	W4R00P201
JNJ	JOHNSON & JOHNSON COM	40,800	$5.951M	1.3%	$60.87	+87.4%	COM	478160104
—	PHOENIX COS INC NEW QUIBS 2032	350,789	$5.586M	1.3%	$21.86	—	PREFERRED STOCKS	71902E208
—	MAGAL SECURITY SYS LTD ORD	1,424,795	$5.343M	1.2%	$4.01	—	COM	M6786D104
TRMLF	TOURMALINE OIL CORP COM	454,331	$5.328M	1.2%	$13.76	-52.5%	COM	89156V106
—	LYDALL INC COM	244,276	$5.013M	1.1%	$17.96	—	COM	550819106
—	CIMAREX ENERGY CO COM	95,209	$4.998M	1.1%	$56.66	—	COM	171798101
—	WESTPORT FUEL SYSTEMS INC.	1,970,343	$4.67M	1.1%	$1.66	—	COM	960908309
LNT	ALLIANT CORP COM	84,034	$4.598M	1.0%	$27.74	+58.0%	COM	018802108
—	TEXTAINER GROUP HOLDINGS LTDSH	410,781	$4.399M	1.0%	$14.48	—	COM	G8766E109
—	HESKA CORP COM RESTRC NEW	45,785	$4.393M	1.0%	$6.01	—	COM	42805E306
—	TUESDAY MORNING CORP COM NEW	2,274,115	$4.207M	1.0%	$4.03	—	COM	899035505
—	HMN FINL INC COM	174,041	$3.657M	0.8%	$7.17	—	COM	40424G108
GD	GENERAL DYNAMICS CORP COM	20,000	$3.527M	0.8%	$96.13	+62.1%	COM	369550108
—	ENERPLUS CORPORATION	451,439	$3.219M	0.7%	$10.43	—	COM	292766102
RYAM	RAYONIER ADVANCED MATLS INC CO	837,393	$3.216M	0.7%	$10.07	-59.4%	COM	75508B104
TWI	TITAN INTL INC ILL COM	881,565	$3.191M	0.7%	$5.13	-42.3%	COM	88830M102
FEIM	FREQUENCY ELECTRS INC COM	311,076	$3.176M	0.7%	$7.83	+8.8%	COM	358010106
DWSN	DAWSON GEOPHYSICAL CO NEW COM	1,321,013	$3.17M	0.7%	$4.21	-52.8%	COM	239360100
—	USA TRUCK INC COM	415,358	$3.094M	0.7%	$8.58	—	COM	902925106
TWIN	TWIN DISC INC COM	280,530	$3.091M	0.7%	$13.12	-23.0%	COM	901476101
XOM	EXXON MOBIL CORPORATION	43,427	$3.03M	0.7%	$53.69	-3.0%	COM	30231G102
BWEN	BROADWIND ENERGY INC COM NEW	1,777,746	$2.951M	0.7%	$3.63	-55.8%	COM	11161T207
MSADF	MS&AD INS GP HLDG (8725-JP)	87,660	$2.907M	0.7%	$8.23	+32.4%	COM	J4687C105
BGOUF	BANG & OLUFSEN HLG ORD B	538,748	$2.83M	0.6%	$5.42	-44.5%	COM	K07774126
KEWL	KEWEENAW LD ASSN LTD COM	38,727	$2.633M	0.6%	$11.90	-20.3%	COM	493026108
KRNY	KEARNY FINL CORP MD COM	183,976	$2.544M	0.6%	$13.91	-0.7%	COM	48716P108
CSWC	CAPITAL SOUTHWEST CORP COM	121,615	$2.531M	0.6%	$4.41	+128.8%	COM	140501107
—	BROADWAY FINL CORP DEL COM	1,599,673	$2.463M	0.6%	$1.14	—	COM	111444105
WRB	BERKLEY W R CORP COM	35,596	$2.46M	0.6%	$16.49	+63.7%	COM	084423102
—	WESTERN ASSET CLYM INFL OPP CO	206,659	$2.385M	0.5%	$11.36	—	MUTUAL FUNDS	95766R104
MRK	MERCK & COMPANY	25,159	$2.288M	0.5%	$31.34	+115.5%	COM	58933Y105
DDS	DILLARDS INC CL A	30,472	$2.239M	0.5%	$48.12	+12.1%	COM	254067101
—	GRUPO ROTOPLAS SAB DE CV	2,598,074	$2.21M	0.5%	$0.99	—	COM	BTF8HD3MX
SUZ	SUZANO PAPEL E CELULOSE S A SP	224,470	$2.209M	0.5%	$15.96	—	COM	86959K105
—	CHUBU NIPPON BROADCAST CO LTSH	381,070	$2.194M	0.5%	$5.73	—	COM	J06594105
TKOMY	TOKIO MARINE HOLDINGS INC	37,670	$2.121M	0.5%	$31.66	—	COM	889094108
VWDRY	VESTAS WIND SYS AS UNSP ADR	58,700	$1.979M	0.4%	$7.34	—	COM	925458101
—	URSTADT BIDDLE PPTYS INC CL A	75,997	$1.888M	0.4%	$20.17	—	COM	917286205
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	5,700	$1.843M	0.4%	$246.69	+22.1%	WARRANT AND RIGH	H69293217
FTEK	FUEL TECH INC COM	1,807,455	$1.717M	0.4%	$2.42	-60.2%	COM	359523107
—	LUBYS CAFETERIAS INC COM	725,316	$1.596M	0.4%	$4.59	—	COM	549282101
CSW	CSW INDUSTRIALS INC COM	20,300	$1.563M	0.4%	$34.83	+100.0%	COM	126402106
—	CHS INC RED PFD SER3 C	57,400	$1.533M	0.3%	$24.07	—	PREFERRED STOCKS	12542R704
ALOT	ASTRONOVA INC NEW COM	110,314	$1.514M	0.3%	$10.31	+45.7%	COM	04638F108
—	ROYAL DUTCH SHELL PLC SPONS AD	25,452	$1.501M	0.3%	$63.98	—	COM	780259206
—	SANDY SPRING BANCORP INC COM	38,931	$1.475M	0.3%	$38.76	—	COM	800363103
—	WESTERN ASSET CLYM INFL SEC CO	120,899	$1.469M	0.3%	$11.30	—	MUTUAL FUNDS	95766Q106
MSFT	MICROSOFT CORP COM	9,165	$1.445M	0.3%	$33.74	+312.6%	COM	594918104
—	AEGON N V PERP CAP FLTG	56,659	$1.404M	0.3%	$20.15	—	PREFERRED STOCKS	007924509
EXCOF	EXCO TECHNOLOGIES LTD COM	225,300	$1.377M	0.3%	$4.88	-10.6%	COM	30150P109
—	WESTROCK CO COM	31,155	$1.336M	0.3%	$51.44	—	COM	96145D105
ELME	WASHINGTON REAL ESTATE INVT SH	45,360	$1.324M	0.3%	$25.78	—	COM	939653101
ECL	ECOLAB INC COM	6,400	$1.235M	0.3%	$90.95	+95.3%	COM	278865100
BBT	BERKSHIRE HILLS BANCORP INC CO	37,435	$1.231M	0.3%	$24.24	+6.6%	COM	084680107
DVN	DEVON ENERGY CORP NEW COM	46,700	$1.213M	0.3%	$21.06	-22.6%	COM	25179M103
—	STATE AUTO FINL CORP	32,700	$1.014M	0.2%	$18.18	—	COM	855707105
—	RTW RETAILWINDS INC COM	1,195,864	$958K	0.2%	$2.28	—	COM	74980D100
RYN	RAYONIER INC COM	28,825	$945K	0.2%	$30.80	—	COM	754907103
—	CUI GLOBAL INC COM NEW	845,783	$930K	0.2%	$1.68	—	COM	126576206
GNLAF	GENESIS LAND DEV CORP COM	443,000	$775K	0.2%	$2.57	-25.8%	COM	37183V102
AAPL	APPLE COMPUTER INC COM	2,581	$758K	0.2%	$26.75	+131.8%	COM	037833100
0NMK	VESTAS WIND SYS AS SHS	7,500	$755K	0.2%	$73.47	—	COM	K9773J128
—	INVESTORS REAL ESTATE TR SH BE	9,911	$719K	0.2%	$49.07	—	COM	461730509
BMY	BRISTOL MYERS SQUIBB CO	9,848	$632K	0.1%	$28.67	+57.6%	COM	110122108
—	KIMBALL INTL INC CL B	29,900	$618K	0.1%	$9.71	—	COM	494274103
—	AEGON NV SHS	135,877	$601K	0.1%	$4.93	—	COM	N00927298
—	ROYCE GLOBAL VALUE TR INC COM	48,159	$563K	0.1%	$7.23	—	COM	78081T104
OCFC	OCEANFIRST FINL CORP COM	20,404	$521K	0.1%	$12.81	+44.2%	COM	675234108
PFE	PFIZER INC COM	11,998	$470K	0.1%	$16.46	+62.3%	COM	717081103
—	BOULDER GROWTH & INCOME FD ICO	36,560	$431K	0.1%	$7.93	—	COM	101507101
WMT	WAL MART STORES INC	3,550	$422K	0.1%	$20.00	+81.8%	COM	931142103
—	TRITON INTL LTD CL A	10,000	$402K	0.1%	$31.10	—	COM	G9078F107
—	BRUNSWICK BANCORP INC COM	44,352	$391K	0.1%	$4.93	—	COM	117030106
THG	HANOVER INS GROUP INC COM	2,775	$379K	0.1%	$34.95	+228.0%	COM	410867105
—	ARGO GROUP US INC SR NT 42	14,473	$373K	0.1%	$24.97	—	PREFERRED STOCKS	040130205
ES	EVERSOURCE ENERGY COM	4,200	$357K	0.1%	$38.94	+70.7%	COM	30040W108
BRK/A	BERKSHIRE HATHAWAY INC DEL CL	1	$340K	0.1%	$230816.08	+41.1%	COM	084670108
TKOMF	TOKIO MARINE HOLDINGS INC SHS	6,000	$337K	0.1%	$12.47	+44.2%	COM	J86298106
CSCO	CISCO SYS INC COM	6,940	$333K	0.1%	$20.16	+91.2%	COM	17275R102
MOG/A	MOOG INC CL A	3,375	$288K	0.1%	$52.69	+52.9%	COM	615394202
ATO	ATMOS ENERGY CORP COM	2,100	$235K	0.1%	$82.49	+14.2%	COM	049560105
CI	CIGNA CORP NEW COM	1,112	$227K	0.1%	$167.70	0.0%	COM	125523100
NSGRX	NORTHERN FDS NRTN SMCAP COR	8,354	$220K	0.0%	$25.62	—	MUTUAL FUNDS	665162665
—	BLACKROCK NY INS MUN INC TR CO	15,751	$217K	0.0%	$12.95	—	MUTUAL FUNDS	09249U105
KE	KIMBALL ELECTRONICS INC COM	11,598	$204K	0.0%	$10.71	+53.5%	COM	49428J109
HAIN	HAIN CELESTIAL GROUP INC COM	7,700	$200K	0.0%	$23.89	0.0%	COM	405217100
FFXDF	FAIRFAX INDIA HLDGS CORP COM S	15,000	$192K	0.0%	$12.27	-3.1%	COM	303897102
—	SHORE CAPITAL GROUP	88,056	$165K	0.0%	$1.87	—	COM	BGCZJ74GB
—	JZ CAPITAL PRTNRS LTD GUERNSSH	29,332	$119K	0.0%	$5.74	—	COM	G5216J134
BNMLX	BLACKROCK MUN BD FD INC NATL M	10,178	$113K	0.0%	$10.92	—	MUTUAL FUNDS	09253C744
BRRE	BLUE RIDGE REAL ESTATE CO COM	17,406	$101K	0.0%	$8.21	-27.1%	COM	096005301
OBE	OBSIDIAN ENERGY LTD COM	118,659	$85,000	0.0%	$1.80	-64.2%	COM	674482203
—	MFS GOVT MKTS INCOME TR SH BEN	13,353	$61,000	0.0%	$5.97	—	MUTUAL FUNDS	552939100
—	PENGROWTH ENERGY CORPORATION	859,508	$39,000	0.0%	$2.48	—	COM	70706P104
HRGN	BIOSTAGE INC COM NEW	15,000	$30,000	0.0%	$1.82	+23.3%	COM	09074M202
—	GASFRAC ENERGY SVCS INC COM	360,500	$0	0.0%	$1.29	—	COM	367257201
KIDBQ	KID BRANDS, INC. COM	23,954	$0	0.0%	$1.44	-99.9%	COM	49375T100