Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	Sap SE Sp ADR	156,008	$17.53M	4.7%	$79.42	—	ADR	803054204
—	AerCap Holdings NV	319,906	$16.83M	4.5%	$52.47	—	ADR	n00985106
—	Alibaba Group Holding Ltd Sp A	68,718	$11.85M	3.2%	$126.75	—	ADR	01609w102
—	Check Point Software Tech Ltd	113,801	$11.79M	3.1%	$104.60	—	ADR	m22465104
—	Netease Inc Sp ADR	24,446	$8.436M	2.2%	$193.22	—	ADR	64110w102
—	Vedanta Ltd Sp ADR	368,420	$7.674M	2.0%	$19.36	—	ADR	92242y100
TM	Toyota Motor Corp Sp ADR 2	32,255	$4.102M	1.1%	$121.22	—	ADR	892331307
TSM	Taiwan Semiconductor Mfg Ltd S	101,151	$4.011M	1.1%	$24.53	—	ADR	874039100
—	UnitedHealth Group Inc	14,012	$3.089M	0.8%	$142.94	—	COM	91324p102
—	MasterCard Inc Cl A	19,736	$2.987M	0.8%	$89.77	—	COM	57636q104
LEA	Lear Corp	16,909	$2.987M	0.8%	$88.67	+68.2%	COM	521865204
AAPL	Apple Inc	17,073	$2.889M	0.8%	$28.17	+38.7%	COM	037833100
MCO	Moodys Corp	19,303	$2.849M	0.8%	$78.51	+73.6%	COM	615369105
APH	Amphenol Corp Cl A	32,293	$2.835M	0.8%	$13.67	+48.9%	COM	032095101
SWK	Stanley Black & Decker Inc	16,663	$2.827M	0.8%	$79.67	+64.3%	COM	854502101
—	Accenture PLC Ireland Class A	17,658	$2.703M	0.7%	$113.29	—	ADR	g1151c101
ITW	Illinois Tool Works Inc	16,025	$2.674M	0.7%	$93.60	+39.8%	COM	452308109
—	FedEx Corp	10,561	$2.635M	0.7%	$196.21	—	COM	31428x106
—	Cisco Systems Inc	68,663	$2.63M	0.7%	$29.61	—	COM	17275r102
—	Facebook Inc Cl A	14,575	$2.572M	0.7%	$151.65	—	COM	30303m102
FISV	Fiserv Inc	19,610	$2.571M	0.7%	$33.61	+92.2%	COM	337738108
—	AON PLC Cl A	18,706	$2.507M	0.7%	$113.08	—	COM	g0408v102
SYK	Stryker Corp	16,066	$2.488M	0.7%	$89.33	+56.3%	COM	863667101
—	Verisk Analytics Inc	25,832	$2.48M	0.7%	$81.15	—	COM	92345y106
PFE	Pfizer Inc	68,410	$2.478M	0.7%	$19.18	+24.1%	COM	717081103
JNJ	Johnson & Johnson	17,721	$2.476M	0.7%	$74.18	+49.6%	COM	478160104
TMO	Thermo Fisher Scientific Inc	12,914	$2.452M	0.7%	$172.27	+8.8%	COM	883556102
EMN	Eastman Chem Co	26,442	$2.45M	0.7%	$64.04	+7.4%	COM	277432100
DHR	Danaher Corp	26,256	$2.437M	0.6%	$31.98	+144.6%	COM	235851102
—	Comcast Corp Cl A	60,847	$2.437M	0.6%	$55.83	—	COM	20030n101
PEP	PepsiCo Inc	19,881	$2.384M	0.6%	$73.20	+21.6%	COM	713448108
—	Lam Research Corp	12,899	$2.374M	0.6%	$92.89	—	COM	512807108
—	Exelon Corp	59,591	$2.348M	0.6%	$35.57	—	COM	30161n101
—	Sirius XM Holdings Inc	426,055	$2.284M	0.6%	$5.47	—	COM	82968b103
GD	General Dynamics Corp	11,133	$2.265M	0.6%	$92.50	+84.2%	COM	369550108
—	CenterPoint Energy Inc	78,525	$2.227M	0.6%	$29.21	—	COM	15189t107
CCK	Crown Holdings Inc	38,562	$2.169M	0.6%	$51.16	+9.8%	COM	228368106
ABBNY	ABB Ltd Sp ADR	70,982	$1.904M	0.5%	$19.47	—	ADR	000375204
—	CGI Groupe Inc Cl A	34,948	$1.899M	0.5%	$42.71	—	ADR	39945c109
—	Ani Pharmaceuticals Inc	29,009	$1.87M	0.5%	$52.31	—	COM	00182c103
—	Diageo PLC Sp ADR	12,484	$1.823M	0.5%	$112.93	—	ADR	25243q205
—	KB Financial Group Inc Sp ADR	31,118	$1.821M	0.5%	$48.42	—	ADR	48241a105
TXN	Texas Instruments Inc	17,354	$1.812M	0.5%	$37.15	+109.0%	COM	882508104
—	Relx NV Sp ADR	76,897	$1.774M	0.5%	$17.41	—	ADR	75955b102
SNPS	Synopsys Inc	20,280	$1.729M	0.5%	$52.86	+63.7%	COM	871607107
THO	Thor Industries Inc	11,314	$1.705M	0.5%	$117.35	0.0%	COM	885160101
—	Wyndham Worldwide Corp	14,600	$1.692M	0.5%	$100.44	—	COM	98310w108
BASFY	BASF SE Sp ADR	60,986	$1.68M	0.4%	$27.55	—	ADR	055262505
BA	Boeing Co	5,608	$1.654M	0.4%	$174.89	+47.2%	COM	097023105
—	Adobe Systems Inc	9,430	$1.653M	0.4%	$141.48	—	COM	00724f101
—	Consolidated Tomoka Land Co	26,008	$1.652M	0.4%	$57.42	—	COM	210226106
—	Visa Inc Cl A	14,351	$1.636M	0.4%	$74.19	—	COM	92826c839
—	TE Connectivity Ltd Reg	17,201	$1.635M	0.4%	$65.29	—	ADR	h84989104
CAE	CAE Inc	87,820	$1.63M	0.4%	$12.92	+32.8%	COM	124765108
WINA	Winmark Corp	12,571	$1.627M	0.4%	$81.12	+63.0%	COM	974250102
—	Ferguson PLC Sp ADR	225,323	$1.625M	0.4%	$7.21	—	ADR	31502a105
CM	Canadian Imperial Bank Comm To	16,511	$1.608M	0.4%	$28.16	+9.7%	COM	136069101
ROP	Roper Technologies Inc	6,070	$1.572M	0.4%	$149.30	+63.9%	COM	776696106
—	S&P Global Inc	9,260	$1.569M	0.4%	$107.26	—	COM	78409v104
FMS	Fresenius Med Care AG & Co KGA	29,800	$1.566M	0.4%	$47.77	—	ADR	358029106
HON	Honeywell Intl Inc	10,200	$1.564M	0.4%	$72.17	+57.1%	COM	438516106
—	LyondellBasell Industries NV A	14,150	$1.561M	0.4%	$85.77	—	ADR	n53745100
—	B Riley Financial Inc	86,028	$1.557M	0.4%	$18.22	—	COM	05580m108
RY	Royal Bank of Canada Montreal	18,921	$1.545M	0.4%	$51.99	+52.5%	ADR	780087102
ARW	Arrow Electronics Inc	19,077	$1.534M	0.4%	$64.59	+24.4%	COM	042735100
AME	Ametek Inc	21,100	$1.529M	0.4%	$50.18	+31.4%	COM	031100100
HCKT	Hackett Group Inc	96,912	$1.522M	0.4%	$11.00	+40.9%	COM	404609109
PEG	Public Service Enterprise Grou	29,503	$1.519M	0.4%	$38.22	0.0%	COM	744573106
—	Norbord Inc	44,817	$1.515M	0.4%	$33.80	—	COM	65548p403
HLDCY	Henderson Land Development Ltd	228,900	$1.508M	0.4%	$6.59	—	ADR	425166303
PPG	PPG Industries Inc	12,900	$1.507M	0.4%	$99.02	0.0%	COM	693506107
—	Ichor Holdings	61,192	$1.505M	0.4%	$21.66	—	COM	g4740b105
—	Mcbc Holdings Inc	67,721	$1.505M	0.4%	$11.97	—	COM	55276f107
CBZ	CBIZ Inc	95,756	$1.479M	0.4%	$9.23	+70.3%	COM	124805102
FONR	Fonar Corp	60,183	$1.465M	0.4%	$15.07	+83.5%	COM	344437405
IBDRY	Iberdrola SA Sp ADR	47,172	$1.464M	0.4%	$31.04	—	ADR	450737101
—	Turning Pt Brands Inc	69,020	$1.458M	0.4%	$17.00	—	COM	90041l105
ECL	Ecolab Inc	10,850	$1.456M	0.4%	$98.12	+24.2%	COM	278865100
—	Vale SA ADR	119,049	$1.456M	0.4%	$10.07	—	ADR	91912e105
—	Fiat Chrysler Automobiles NV	81,532	$1.455M	0.4%	$17.85	—	COM	n31738102
—	Perficient Inc	76,122	$1.452M	0.4%	$20.08	—	COM	71375u101
—	Chase Corp	12,011	$1.447M	0.4%	$59.09	—	COM	16150r104
—	Insurance Holdings Inc	52,708	$1.442M	0.4%	$18.81	—	COM	91359v107
CNI	Canadian National Railway Co	17,419	$1.437M	0.4%	$69.39	-0.2%	COM	136375102
MU	Micron Technology Inc	34,900	$1.435M	0.4%	$42.03	0.0%	COM	595112103
—	China Mobile Limited Sp ADR	28,375	$1.434M	0.4%	$50.54	—	ADR	16941m109
—	BioSpecifics Technologies Corp	33,096	$1.434M	0.4%	$37.14	—	COM	090931106
IT	Gartner Inc	11,638	$1.433M	0.4%	$85.30	+42.4%	COM	366651107
—	CLP Holdings Ltd Sp ADR	140,030	$1.432M	0.4%	$10.23	—	ADR	18946q101
UTMD	Utah Med Prods Inc	17,526	$1.427M	0.4%	$57.39	+36.0%	COM	917488108
FTS	Fortis Inc	38,916	$1.427M	0.4%	$27.08	0.0%	COM	349553107
—	Malibu Boats Inc Cl A	48,014	$1.427M	0.4%	$31.40	—	COM	56117j100
—	Broadcom Ltd	5,530	$1.421M	0.4%	$155.40	—	ADR	y09827109
—	Ingersoll-Rand PLC	15,901	$1.418M	0.4%	$81.33	—	COM	g47791101
—	SK Telecom Ltd Sp ADR	50,621	$1.413M	0.4%	$27.91	—	ADR	78440p108
TRNS	Transcat Inc	98,993	$1.411M	0.4%	$10.74	+25.0%	COM	893529107
AGM	Federal Agric Mtg Corp Cl C	18,005	$1.409M	0.4%	$50.87	+10.5%	COM	313148306
—	Iqvia Holdings Inc	14,361	$1.406M	0.4%	$97.90	—	COM	46266c105
—	Icon PLC	12,532	$1.405M	0.4%	$70.01	—	ADR	g4705a100
—	Oracle Corp	29,661	$1.402M	0.4%	$40.66	—	COM	68389x105
CCS	Century Communities Inc	45,013	$1.4M	0.4%	$16.71	+60.1%	COM	156504300
—	Pixelworks Inc	220,062	$1.393M	0.4%	$4.78	—	COM	72581m305
BLBD	Blue Bird Corp	70,020	$1.393M	0.4%	$19.79	0.0%	COM	095306106
DAIO	Data I O Corp	115,034	$1.385M	0.4%	$8.55	+38.5%	COM	237690102
—	Vectrus Inc	44,713	$1.379M	0.4%	$17.11	—	COM	92242t101
MIELY	Mitsubishi Elec Corp ADR	41,276	$1.371M	0.4%	$33.22	—	ADR	606776201
—	ENEL Societa per Azioni ADR	222,368	$1.37M	0.4%	$6.16	—	ADR	29265w207
—	Chunghwa Telecom Co Ltd Sp ADR	38,380	$1.36M	0.4%	$35.81	—	ADR	17133q502
HIFS	Hingham Inst Savings MA	6,556	$1.357M	0.4%	$93.87	+96.3%	COM	433323102
—	RPX Corp	100,030	$1.344M	0.4%	$9.64	—	COM	74972g103
—	Aptiv PLC	15,801	$1.34M	0.4%	$84.80	—	ADR	g6095l109
—	Medifast Inc	19,006	$1.327M	0.4%	$35.04	—	COM	58470h101
—	Priceline Group Inc	762	$1.324M	0.4%	$1870.08	—	COM	741503403
—	Stoneridge Inc	57,864	$1.323M	0.4%	$17.04	—	COM	86183p102
GTN	Gray Television Inc	79,005	$1.323M	0.4%	$11.53	+35.5%	COM	389375106
—	KMG Chemicals Inc	20,006	$1.322M	0.4%	$54.89	—	COM	482564101
NWFL	Norwood Financial Corp	40,011	$1.32M	0.4%	$28.88	+5.2%	COM	669549107
COHU	Cohu Inc	60,017	$1.317M	0.4%	$18.53	+25.0%	COM	192576106
MGA	Magna Intl Inc	23,236	$1.317M	0.4%	$33.44	+28.1%	COM	559222401
KINS	Kingstone Cos Inc	69,827	$1.313M	0.3%	$7.48	+103.0%	COM	496719105
—	FS Bancorp Inc	24,007	$1.31M	0.3%	$52.02	—	COM	30263y104
—	WNS Holdings Ltd Sp ADR	32,433	$1.302M	0.3%	$27.46	—	ADR	92932m101
PHG	Koninklijke Philips NV NY Reg	34,157	$1.291M	0.3%	$37.80	—	ADR	500472303
—	Whitehorse Fin Inc	96,029	$1.289M	0.3%	$13.46	—	COM	96524v106
SRE	Sempra Energy	12,044	$1.288M	0.3%	$44.24	+0.7%	COM	816851109
—	Kadant Inc	12,809	$1.286M	0.3%	$51.49	—	COM	48282t104
—	MSCI Inc	10,100	$1.278M	0.3%	$116.93	—	COM	55354g100
—	Ares Coml Real Estate Corp	99,029	$1.277M	0.3%	$12.90	—	COM	04013v108
CDNS	Cadence Design System Inc	30,300	$1.267M	0.3%	$36.84	+16.7%	COM	127387108
—	Fortive Corp	17,350	$1.255M	0.3%	$50.89	—	COM	34959j108
—	Control4 Corp	42,013	$1.25M	0.3%	$29.51	—	COM	21240d107
LNTH	Lantheus Holdings Inc	61,019	$1.248M	0.3%	$9.44	+115.7%	COM	516544103
NX	Quanex Building Products Corp	53,015	$1.241M	0.3%	$17.59	+11.3%	COM	747619104
CLMB	Wayside Technology Group Inc	74,023	$1.236M	0.3%	$11.96	0.0%	COM	946760105
PETS	PetMed Express Inc	27,053	$1.231M	0.3%	$18.03	+118.5%	COM	716382106
VSEC	VSE Corp	25,408	$1.23M	0.3%	$41.72	+15.1%	COM	918284100
—	CAI International Inc	43,011	$1.218M	0.3%	$28.32	—	COM	12477x106
INTT	inTEST Corp	140,041	$1.211M	0.3%	$7.95	+11.6%	COM	461147100
—	Nova Measuring Instruments Ltd	46,641	$1.208M	0.3%	$14.09	—	ADR	m7516k103
UNTY	Unity Bancorp Inc	61,056	$1.206M	0.3%	$8.99	+96.3%	COM	913290102
—	Ultra Clean Holdings Inc	52,142	$1.204M	0.3%	$23.09	—	COM	90385v107
MPAA	Motorcar Pts America Inc	48,014	$1.2M	0.3%	$27.04	-1.5%	COM	620071100
—	IHS Markit Ltd	26,570	$1.2M	0.3%	$37.55	—	COM	g47567105
—	Great Ajax Corp	86,826	$1.2M	0.3%	$13.87	—	COM	38983d300
—	CSS Industries Inc	43,012	$1.197M	0.3%	$27.83	—	COM	125906107
OFLX	Omega Flex Inc	16,739	$1.195M	0.3%	$34.46	+92.3%	COM	682095104
OLP	One Liberty Properties Inc	46,014	$1.193M	0.3%	$24.93	—	COM	682406103
UTL	Unitil Corp	26,008	$1.186M	0.3%	$45.52	+10.2%	COM	913259107
TCBK	Trico Bancshares	31,096	$1.177M	0.3%	$26.30	+56.0%	COM	896095106
—	CDW Corp	16,900	$1.174M	0.3%	$65.98	—	COM	12514g108
KFRC	Kforce Inc	46,113	$1.164M	0.3%	$17.41	+35.0%	COM	493732101
—	Northeast Bancorp	50,015	$1.158M	0.3%	$23.15	—	COM	663904209
TD	Toronto Dominion Bank Ont	19,762	$1.158M	0.3%	$57.13	0.0%	COM	891160509
—	Xinyuan Real Estate Co Ltd Sp	170,053	$1.158M	0.3%	$4.86	—	ADR	98417p105
—	Valero Energy Corp	12,457	$1.145M	0.3%	$91.92	—	COM	91913y100
—	ASML Holding NV NY Registry	6,524	$1.134M	0.3%	$173.82	—	ADR	n07059210
HNNA	Hennessy Advisors Inc	68,491	$1.133M	0.3%	$18.75	-12.3%	COM	425885100
—	Nv5 Global Inc	20,724	$1.122M	0.3%	$28.43	—	COM	62945v109
ACLS	Axcelis Technologies Inc	39,012	$1.12M	0.3%	$22.14	+42.1%	COM	054540208
—	West Bancorporation Inc Cap St	44,324	$1.115M	0.3%	$18.59	—	COM	95123p106
RDNT	RadNet Inc	110,032	$1.111M	0.3%	$6.81	+53.1%	COM	750491102
HOFT	Hooker Furniture Corp	26,008	$1.104M	0.3%	$43.28	+7.7%	COM	439038100
—	Momo Inc ADR	45,029	$1.102M	0.3%	$24.47	—	ADR	60879b107
CNTY	Century Casinos Inc	120,036	$1.096M	0.3%	$8.70	0.0%	COM	156492100
—	Bryn Mawr Bank Corp	24,622	$1.088M	0.3%	$29.71	—	COM	117665109
—	Merck & Co Inc	19,201	$1.08M	0.3%	$58.85	—	COM	58933y105
—	CRA Intl Inc	24,007	$1.079M	0.3%	$41.03	—	COM	12618t105
—	Landmark Bancorp Inc	37,115	$1.076M	0.3%	$25.63	—	COM	51504l107
—	Globalscape Inc Com	301,216	$1.069M	0.3%	$3.77	—	COM	37940g109
—	Raytheon Co	5,679	$1.067M	0.3%	$140.25	—	COM	755111507
—	Avadel Pharmaceuticals PLC Sp	130,032	$1.066M	0.3%	$8.20	—	ADR	05337m104
FDUS	Fidus Inv Corp	70,022	$1.063M	0.3%	$6.24	+2.1%	COM	316500107
—	Pointer Telocation Ltd	57,017	$1.061M	0.3%	$18.61	—	COM	m7946t104
ANIK	Anika Therapeutics Inc	19,546	$1.054M	0.3%	$47.09	+17.5%	COM	035255108
—	MainSource Financial Group Inc	29,009	$1.053M	0.3%	$22.04	—	COM	56062y102
—	DLH Holdings Corp	170,051	$1.048M	0.3%	$6.46	—	COM	23335q100
DSGX	Descartes Systems Group Inc	36,789	$1.045M	0.3%	$18.90	+52.2%	ADR	249906108
—	Silicom Ltd	14,804	$1.038M	0.3%	$41.07	—	COM	m84116108
—	KT Corp Sp ADR	66,525	$1.038M	0.3%	$16.64	—	ADR	48268k101
NATH	Nathans Famous Inc	13,484	$1.018M	0.3%	$43.68	+94.0%	COM	632347100
—	SORL Auto Parts Inc	150,045	$1.008M	0.3%	$6.72	—	COM	78461u101
WASH	Washington Tr Bancorp	18,906	$1.007M	0.3%	$23.01	+53.9%	COM	940610108
HD	Home Depot Inc	5,230	$991K	0.3%	$141.67	0.0%	COM	437076102
TSBK	Timberland Bancorp Inc	37,011	$983K	0.3%	$21.02	+4.8%	COM	887098101
—	AV Homes Inc	58,017	$966K	0.3%	$19.59	—	COM	00234p102
—	EMC Ins Group Inc	33,170	$952K	0.3%	$27.95	—	COM	268664109
—	Diamond Hill Investment Group	4,601	$951K	0.3%	$190.01	—	COM	25264r207
ACNB	ACNB Corp	32,009	$946K	0.3%	$19.72	+11.5%	COM	000868109
—	YY Inc ADS Rep Cl A	8,332	$942K	0.3%	$100.99	—	ADR	98426t106
GSBC	Great Southern Bancorp Inc	17,806	$920K	0.2%	$39.28	+37.0%	COM	390905107
—	JPMorgan Chase & Co	8,585	$918K	0.2%	$106.93	—	COM	46625h100
EFSC	Enterprise Financial Services	20,006	$903K	0.2%	$21.04	+78.3%	COM	293712105
—	Heska Corp Restricted	11,003	$883K	0.2%	$87.36	—	COM	42805e306
—	Credicorp Ltd	4,207	$873K	0.2%	$154.92	—	ADR	g2519y108
—	Banco Macro SA Sp ADR B	7,420	$860K	0.2%	$74.94	—	ADR	05961w105
—	Exxon Mobile Corp	10,065	$842K	0.2%	$81.88	—	COM	30231g102
MTD	Mettler Toledo International	1,331	$824K	0.2%	$478.85	+33.6%	COM	592688105
CHMG	Chemung Financial Corp	17,004	$818K	0.2%	$38.33	0.0%	COM	164024101
—	Penns Woods Bancorp Inc	17,085	$796K	0.2%	$42.56	—	COM	708430103
—	Radiant Logistics Inc	170,052	$782K	0.2%	$4.60	—	COM	75025x100
DIS	Disney Walt Co Disney	7,194	$773K	0.2%	$83.56	+16.4%	COM	254687106
WFC	Wells Fargo & Co	12,731	$772K	0.2%	$44.18	+2.1%	COM	949746101
—	Discover Financial Services	9,668	$744K	0.2%	$71.46	—	COM	254709108
—	Highpower Intl Inc	200,061	$740K	0.2%	$3.70	—	COM	43113x101
USB	US Bancorp Del	12,737	$682K	0.2%	$38.04	+2.6%	COM	902973304
—	Advanced Semiconductor Engr Sp	102,708	$666K	0.2%	$5.70	—	ADR	00756m404
—	Pernod Ricard SA ADR	9,300	$295K	0.1%	$27.63	—	ADR	714264207
INFY	Infosys Ltd Sp ADR	18,000	$292K	0.1%	$15.16	—	ADR	456788108
—	Delphi Technologies Plc Shs	5,466	$287K	0.1%	$52.51	—	ADR	g2709g107
AZN	AstraZeneca PLC Sp ADR	7,900	$274K	0.1%	$34.05	—	ADR	046353108
ING	ING Groep NV Sp ADR	14,300	$264K	0.1%	$17.41	—	ADR	456837103
—	HDFC Bank Ltd ADR Reps 3	2,480	$252K	0.1%	$66.37	—	ADR	40415f101
EARN	Ellington Residential Mtg REIT	19,119	$230K	0.1%	$14.64	—	COM	288578107