Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BERRY GLOBAL GROUP INC	397,046	$22.64M	12.8%	$48.66	—	COM	08579W103
STRL	STERLING CONSTRUCTION CO INC	1,119,638	$14.63M	8.3%	$8.09	+26.0%	COM	859241101
—	CARROLS RESTAURANT GROUP INC	568,385	$6.963M	3.9%	$15.14	—	COM	14574X104
RLGT	RADIANT LOGISTICS INC	1,153,153	$6.204M	3.5%	$3.87	+49.2%	COM	75025X100
MTZ	MASTEC INC	119,656	$5.402M	3.1%	$34.29	+26.2%	COM	576323109
—	TRINITY BIOTECH PLC	873,594	$5.242M	3.0%	$6.75	—	SPON ADR NEW	896438306
FSTR	FOSTER L B CO	215,284	$4.618M	2.6%	$13.17	+28.6%	COM	350060109
EZPW	EZCORP INC	598,785	$4.611M	2.6%	$10.78	-19.2%	CL A NON VTG	302301106
—	FORTRESS INVESTMENT GROUP LL	508,166	$4.06M	2.3%	$4.86	—	CL A	34958B106
—	PERFORMANT FINL CORP	1,120,505	$3.709M	2.1%	$2.59	—	COM	71377E105
BOOM	DMC GLOBAL INC	281,465	$3.687M	2.1%	$13.83	-5.1%	COM	23291C103
LINC	LINCOLN EDL SVCS CORP	1,179,469	$3.656M	2.1%	$1.93	+58.9%	COM	533535100
—	UNIVERSAL STAINLESS & ALLOY	176,855	$3.449M	1.9%	$13.60	—	COM	913837100
—	ALLIANCE ONE INTL INC	203,597	$2.932M	1.7%	$17.61	—	COM NEW	018772301
—	HILL INTERNATIONAL INC	545,944	$2.839M	1.6%	$4.40	—	COM	431466101
PRSU	VIAD CORP	58,185	$2.749M	1.6%	$40.26	+8.7%	COM NEW	92552R406
—	ALASKA COMMUNICATIONS SYS GR	1,229,084	$2.704M	1.5%	$1.64	—	COM	01167P101
—	PRGX GLOBAL INC	392,792	$2.553M	1.4%	$5.90	—	COM NEW	69357C503
ACNT	SYNALLOY CP DEL	223,695	$2.53M	1.4%	$10.65	+10.1%	COM	871565107
GLDD	GREAT LAKES DREDGE & DOCK CO	576,215	$2.478M	1.4%	$4.09	+6.6%	COM	390607109
CRD/B	CRAWFORD & CO	258,878	$2.408M	1.4%	$9.73	-20.8%	CL B	224633107
—	LAYNE CHRISTENSEN CO	273,285	$2.402M	1.4%	$10.68	—	COM	521050104
RCKY	ROCKY BRANDS INC	174,725	$2.35M	1.3%	$10.84	+23.8%	COM	774515100
—	HOUSTON WIRE & CABLE CO	440,302	$2.29M	1.3%	$6.54	—	COM	44244K109
BAC	BANK AMER CORP	92,209	$2.237M	1.3%	$15.68	+21.8%	COM	060505104
—	SHORETEL INC	377,179	$2.188M	1.2%	$6.59	—	COM	825211105
ORN	ORION GROUP HOLDINGS INC	277,379	$2.072M	1.2%	$8.80	-15.0%	COM	68628V308
—	KKR & CO L P DEL	109,780	$2.042M	1.2%	$15.39	—	COM UNITS	48248M102
—	GENERAL CABLE CORP DEL NEW	121,256	$1.983M	1.1%	$18.82	—	COM	369300108
GIFI	GULF ISLAND FABRICATION INC	169,415	$1.965M	1.1%	$11.23	-10.6%	COM	402307102
UTI	UNIVERSAL TECHNICAL INST INC	537,397	$1.919M	1.1%	$2.29	+57.7%	COM	913915104
—	RTI SURGICAL INC	303,679	$1.777M	1.0%	$3.25	—	COM	74975N105
—	KAPSTONE PAPER & PACKAGING C	85,492	$1.764M	1.0%	$21.89	—	COM	48562P103
INFU	INFUSYSTEM HLDGS INC	999,072	$1.748M	1.0%	$2.00	-9.9%	COM	45685K102
AP	AMPCO-PITTSBURGH CORP	113,891	$1.68M	0.9%	$13.60	+10.2%	COM	032037103
GEOS	GEOSPACE TECHNOLOGIES CORP	113,693	$1.572M	0.9%	$19.68	-21.9%	COM	37364X109
—	GUIDANCE SOFTWARE INC	230,244	$1.522M	0.9%	$7.06	—	COM	401692108
—	VERITIV CORP	30,640	$1.379M	0.8%	$50.95	—	COM	923454102
—	NCI INC	65,156	$1.375M	0.8%	$13.95	—	CL A	62886K104
—	ENGLOBAL CORP	1,032,713	$1.332M	0.8%	$2.04	—	COM	293306106
—	TRECORA RES	114,770	$1.291M	0.7%	$11.25	—	COM	894648104
CROX	CROCS INC	164,154	$1.266M	0.7%	$7.76	-13.5%	COM	227046109
—	MITCHAM INDS INC	324,123	$1.258M	0.7%	$4.15	—	COM	606501104
SIF	SIFCO INDS INC	180,727	$1.202M	0.7%	$9.08	-18.2%	COM	826546103
EVOL	EVOLVING SYS INC	229,752	$1.183M	0.7%	$4.13	+22.9%	COM NEW	30049R209
PWR	QUANTA SVCS INC	35,200	$1.159M	0.7%	$30.80	+6.1%	COM	74762E102
MS	MORGAN STANLEY	25,900	$1.154M	0.7%	$29.14	+15.1%	COM NEW	617446448
MTRX	MATRIX SVC CO	117,800	$1.101M	0.6%	$11.24	0.0%	COM	576853105
—	LUXFER HLDGS PLC	85,781	$1.097M	0.6%	$11.48	—	SPONSORED ADR	550678106
—	ROADRUNNER TRNSN SVCS HLDG I	149,940	$1.09M	0.6%	$6.87	—	COM	76973Q105
—	CIVEO CORP CDA	513,845	$1.079M	0.6%	$2.58	—	COM	17878Y108
JPM	JPMORGAN CHASE & CO	11,600	$1.06M	0.6%	$59.89	+14.4%	COM	46625H100
CNDT	CONDUENT INC	65,937	$1.051M	0.6%	$15.22	+7.6%	COM	206787103
NTIC	NORTHERN TECH INTL CORP	65,255	$1.018M	0.6%	$5.86	+24.2%	COM	665809109
—	NATUZZI S P A	356,153	$944K	0.5%	$2.33	—	ADR	63905A101
—	HUDSON GLOBAL INC	703,982	$943K	0.5%	$1.36	—	COM	443787106
—	POINTER TELOCATION LTD	79,525	$922K	0.5%	$6.80	—	SHS	M7946T104
GPK	GRAPHIC PACKAGING HLDG CO	65,900	$908K	0.5%	$12.95	+3.6%	COM	388689101
UFPT	UFP TECHNOLOGIES INC	31,528	$892K	0.5%	$25.84	+3.8%	COM	902673102
—	OWENS RLTY MTG INC	51,594	$875K	0.5%	$18.53	—	COM	690828108
DIT	AMCON DISTRG CO	7,814	$813K	0.5%	$80.86	+5.7%	COM NEW	02341Q205
DWSN	DAWSON GEOPHYSICAL CO NEW	205,689	$806K	0.5%	$6.05	-38.2%	COM	239360100
—	ECOLOGY & ENVIRONMENT INC	52,836	$663K	0.4%	$10.54	—	CL A	278878103
—	COMPUTER TASK GROUP INC	117,202	$655K	0.4%	$4.21	—	COM	205477102
FRD	FRIEDMAN INDS INC	107,271	$609K	0.3%	$5.06	+3.9%	COM	358435105
—	TEAM INC	24,948	$585K	0.3%	$39.24	—	COM	878155100
—	PC-TEL INC	80,865	$573K	0.3%	$5.38	—	COM	69325Q105
CLMB	WAYSIDE TECHNOLOGY GROUP INC	27,856	$539K	0.3%	$13.57	+14.2%	COM	946760105
—	NICHOLAS FINANCIAL INC	57,003	$524K	0.3%	$11.89	—	COM NEW	65373J209
—	FANHUA INC	59,729	$511K	0.3%	$8.32	—	SPONSORED ADR	30712A103
AB	ALLIANCEBERNSTEIN HOLDING LP	19,900	$471K	0.3%	$23.47	—	UNIT LTD PARTN	01881G106
—	THESTREET INC	547,549	$454K	0.3%	$0.85	—	COM	88368Q103
—	SPX FLOW INC	11,900	$439K	0.2%	$34.71	—	COM	78469X107
—	C D I CORP	73,861	$432K	0.2%	$7.40	—	COM	125071100
RAIL	FREIGHTCAR AMER INC	19,400	$337K	0.2%	$14.00	+11.3%	COM	357023100
—	FIVE STAR SENIOR LIVING INC	206,154	$309K	0.2%	$2.70	—	COM	33832D106
DXPE	DXP ENTERPRISES INC NEW	7,474	$258K	0.1%	$29.58	+22.8%	COM NEW	233377407
—	AEVI GENOMIC MEDICINE INC	155,000	$206K	0.1%	$1.86	—	COM	00835P105
ATEC	ALPHATEC HOLDINGS INC	100,819	$187K	0.1%	$3.20	-36.8%	COM NEW	02081G201
TLF	TANDY LEATHER FACTORY INC	19,933	$177K	0.1%	$7.88	+7.3%	COM	87538X105
—	I D SYSTEMS INC	26,385	$162K	0.1%	$5.42	—	COM	449489103
LQDT	LIQUIDITY SERVICES INC	20,692	$131K	0.1%	$9.55	-27.1%	COM	53635B107