Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	Sap SE Sp ADR	154,528	$16.25M	4.6%	$79.42	—	ADR	803054204
—	AerCap Holdings NV	312,886	$15.87M	4.5%	$52.47	—	ADR	n00985106
—	Alibaba Group Holding Ltd Sp A	64,456	$11.83M	3.4%	$126.75	—	ADR	01609w102
—	Check Point Software Tech Ltd	112,831	$11.21M	3.2%	$104.60	—	ADR	m22465104
—	Vedanta Ltd Sp ADR	364,600	$6.406M	1.8%	$19.36	—	ADR	92242y100
TSM	Taiwan Semiconductor Mfg Ltd S	95,685	$4.187M	1.2%	$24.53	—	ADR	874039100
TM	Toyota Motor Corp Sp ADR 2	31,449	$4.1M	1.2%	$121.22	—	ADR	892331307
—	Mastercard Incorporated	18,792	$3.292M	0.9%	$89.77	—	COM	57636q104
LEA	Lear Corp	16,957	$3.156M	0.9%	$88.67	+81.2%	COM	521865204
—	Unitedhealth Group Inc	14,052	$3.007M	0.9%	$142.94	—	COM	91324p102
MCO	Moodys Corp	18,332	$2.957M	0.8%	$78.51	+92.3%	COM	615369105
AAPL	Apple Inc	17,133	$2.875M	0.8%	$28.17	+43.5%	COM	037833100
FISV	Fiserv Inc	39,340	$2.805M	0.8%	$52.02	+35.2%	COM	337738108
EMN	Eastman Chem Co	26,524	$2.8M	0.8%	$64.04	+20.3%	COM	277432100
APH	Amphenol Corp New	32,403	$2.791M	0.8%	$13.67	+52.7%	COM	032095101
—	S&P Global Inc	14,540	$2.778M	0.8%	$137.69	—	COM	78409v104
—	Accenture PLC Ireland Class A	17,716	$2.719M	0.8%	$113.29	—	COM	g1151c101
—	Verisk Analytics Inc	25,900	$2.694M	0.8%	$81.15	—	COM	92345y106
TMO	Thermo Fisher Scientific Inc	12,964	$2.676M	0.8%	$172.27	+19.3%	COM	883556102
—	Lam Research Corp	13,148	$2.671M	0.8%	$94.98	—	COM	512807108
—	Sirius XM Holdings Inc	427,449	$2.667M	0.8%	$5.47	—	COM	82968b103
—	Aon Plc	18,766	$2.633M	0.7%	$113.08	—	COM	g0408v102
SYK	Stryker Corp	16,106	$2.592M	0.7%	$89.33	+65.5%	COM	863667101
DHR	Danaher Corp	26,346	$2.58M	0.7%	$31.98	+163.5%	COM	235851102
SWK	Stanley Black & Decker Inc	16,713	$2.56M	0.7%	$79.67	+63.4%	COM	854502101
ITW	Illinois Tool Works Inc	15,975	$2.503M	0.7%	$93.60	+46.2%	COM	452308109
—	Cisco Systems Inc	57,606	$2.471M	0.7%	$29.61	—	COM	17275r102
—	LyondellBasell Industries NV A	23,304	$2.463M	0.7%	$93.59	—	ADR	n53745100
GD	General Dynamics Corp	11,147	$2.462M	0.7%	$92.50	+96.7%	COM	369550108
—	FedEx Corp	10,180	$2.444M	0.7%	$196.21	—	COM	31428x106
PFE	Pfizer Inc	68,639	$2.436M	0.7%	$19.18	+26.3%	COM	717081103
—	Laboratory Corp America Holdin	14,938	$2.416M	0.7%	$161.74	—	COM	50540r409
—	Facebook Inc Cl A	14,615	$2.335M	0.7%	$151.65	—	COM	30303m102
—	Oracle Corp	50,945	$2.331M	0.7%	$42.79	—	COM	68389x105
JNJ	Johnson & Johnson	17,787	$2.279M	0.6%	$74.18	+46.1%	COM	478160104
RY	Royal Bank of Canada Montreal	28,808	$2.227M	0.6%	$62.01	+30.9%	ADR	780087102
—	CenterPoint Energy Inc	78,638	$2.155M	0.6%	$29.21	—	COM	15189t107
—	CGI Groupe Inc Cl A	33,508	$1.931M	0.5%	$42.71	—	ADR	39945c109
—	WNS Holdings Ltd Sp ADR	41,450	$1.879M	0.5%	$31.35	—	ADR	92932m101
MU	Micron Technology Inc	34,900	$1.82M	0.5%	$42.03	+11.1%	COM	595112103
FONR	Fonar Corp	60,183	$1.793M	0.5%	$15.07	+65.6%	COM	344437405
—	Relx NV Sp ADR	85,380	$1.775M	0.5%	$17.75	—	ADR	75955b102
—	Perficient Inc	76,122	$1.745M	0.5%	$20.08	—	COM	71375u101
UTMD	Utah Med Prods Inc	17,526	$1.732M	0.5%	$57.39	+55.5%	COM	917488108
—	TE Connectivity Ltd Reg	17,201	$1.718M	0.5%	$65.29	—	ADR	h84989104
—	Visa Inc Cl A	14,351	$1.717M	0.5%	$74.19	—	COM	92826c839
ROP	Roper Technologies Inc	6,070	$1.704M	0.5%	$149.30	+76.4%	COM	776696106
—	Adobe Systems Inc	7,850	$1.696M	0.5%	$141.48	—	COM	00724f101
—	Momo Inc ADR	45,138	$1.687M	0.5%	$24.47	—	ADR	60879b107
SNPS	Synopsys Inc	20,226	$1.684M	0.5%	$52.86	+66.2%	COM	871607107
—	Vectrus Inc	44,713	$1.665M	0.5%	$17.11	—	COM	92242t101
—	Diageo PLC Sp ADR	12,284	$1.663M	0.5%	$112.93	—	ADR	25243q205
WINA	Winmark Corp	12,592	$1.647M	0.5%	$81.12	+63.0%	COM	974250102
—	Icon PLC	13,781	$1.628M	0.5%	$74.38	—	ADR	g4705a100
—	KB Financial Group Inc Sp ADR	27,890	$1.616M	0.5%	$48.42	—	ADR	48241a105
AME	Ametek Inc	21,100	$1.603M	0.5%	$50.18	+43.5%	COM	031100100
—	Norbord Inc	43,958	$1.597M	0.5%	$33.80	—	COM	65548p403
—	Malibu Boats Inc Cl A	48,014	$1.595M	0.5%	$31.40	—	COM	56117j100
BLBD	Blue Bird Corp	67,020	$1.588M	0.5%	$19.79	+10.6%	COM	095306106
HCKT	Hackett Group Inc	96,912	$1.556M	0.4%	$11.00	+51.8%	COM	404609109
TRNS	Transcat Inc	98,993	$1.549M	0.4%	$10.74	+39.5%	COM	893529107
INTC	Intel Corp	29,593	$1.541M	0.4%	$40.06	0.0%	COM	458140100
BA	Boeing Co	4,631	$1.518M	0.4%	$174.89	+84.6%	COM	097023105
—	Medifast Inc	16,005	$1.496M	0.4%	$35.04	—	COM	58470h101
FMS	Fresenius Med Care AG & Co KGA	29,200	$1.492M	0.4%	$47.77	—	ADR	358029106
ECL	Ecolab Inc	10,850	$1.487M	0.4%	$98.12	+25.9%	COM	278865100
—	Mcbc Holdings Inc	59,018	$1.487M	0.4%	$11.97	—	COM	55276f107
—	CDW Corp	21,100	$1.484M	0.4%	$66.84	—	COM	12514g108
PEG	Public Service Enterprise Grou	29,496	$1.482M	0.4%	$38.22	-1.7%	COM	744573106
CTSH	Cognizant Technology Solutions	18,400	$1.481M	0.4%	$70.61	0.0%	COM	192446102
AGM	Federal Agric Mtg Corp Cl C	17,005	$1.48M	0.4%	$50.87	+21.4%	COM	313148306
HON	Honeywell Intl Inc	10,200	$1.474M	0.4%	$72.17	+62.8%	COM	438516106
ARW	Arrow Electronics Inc	19,077	$1.469M	0.4%	$64.59	+25.6%	COM	042735100
CM	Canadian Imperial Bank Comm To	16,611	$1.466M	0.4%	$28.16	+14.2%	COM	136069101
—	national holdings corp	320,084	$1.463M	0.4%	$4.57	—	COM	636375206
—	Ani Pharmaceuticals Inc	25,007	$1.456M	0.4%	$52.31	—	COM	00182c103
—	Wyndham Worldwide Corp	12,700	$1.453M	0.4%	$100.44	—	COM	98310w108
—	Delphi Technologies Plc Shs	30,465	$1.452M	0.4%	$48.53	—	ADR	g2709g107
—	Intuitive Surgical Inc	3,510	$1.449M	0.4%	$412.82	—	COM	46120e602
—	Smart Global Holdings Inc	29,008	$1.446M	0.4%	$49.85	—	COM	g8232y101
—	Aptiv PLC	17,001	$1.445M	0.4%	$84.82	—	ADR	g6095l109
AMGN	Amgen Inc	8,466	$1.443M	0.4%	$144.43	0.0%	COM	031162100
ORANY	Orange Sp ADR	84,415	$1.442M	0.4%	$17.08	—	ADR	684060106
PPG	PPG Industries Inc	12,900	$1.44M	0.4%	$99.02	+0.5%	COM	693506107
—	Insurance Holdings Inc	44,671	$1.425M	0.4%	$18.81	—	COM	91359v107
CAE	CAE Inc	76,321	$1.419M	0.4%	$12.92	+38.3%	COM	124765108
—	Chunghwa Telecom Co Ltd Sp ADR	36,420	$1.415M	0.4%	$35.81	—	ADR	17133q502
—	Iqvia Holdings Inc	14,361	$1.409M	0.4%	$97.90	—	COM	46266c105
—	Royal Dutch Shell PLC Sp ADR A	21,840	$1.394M	0.4%	$63.83	—	ADR	780259206
TXN	Texas Instruments Inc	13,374	$1.389M	0.4%	$37.15	+133.7%	COM	882508104
—	Ichor Holdings	57,177	$1.384M	0.4%	$21.66	—	COM	g4740b105
—	Consolidated Tomoka Land Co	22,007	$1.383M	0.4%	$57.42	—	COM	210226106
IX	ORIX Corp Sp ADR	15,380	$1.382M	0.4%	$89.86	—	ADR	686330101
—	advanced emissions soluts inc	120,032	$1.371M	0.4%	$11.42	—	COM	00770c101
COHU	Cohu Inc	60,017	$1.369M	0.4%	$18.53	+16.6%	COM	192576106
—	Fiat Chrysler Automobiles NV	66,613	$1.367M	0.4%	$17.85	—	COM	n31738102
HMC	Honda Motor Ltd American	39,297	$1.365M	0.4%	$34.74	—	ADR	438128308
CBZ	CBIZ Inc	74,703	$1.363M	0.4%	$9.23	+88.4%	COM	124805102
—	Ingersoll-Rand PLC	15,901	$1.36M	0.4%	$81.33	—	COM	g47791101
—	Fortive Corp	17,350	$1.345M	0.4%	$50.89	—	COM	34959j108
—	Stoneridge Inc	47,861	$1.321M	0.4%	$17.04	—	COM	86183p102
VSEC	VSE Corp	25,408	$1.314M	0.4%	$41.72	+11.4%	COM	918284100
—	Comcast Corp New	38,146	$1.303M	0.4%	$55.83	—	COM	20030n101
—	Yirendai Ltd Sp ADR	32,359	$1.302M	0.4%	$40.24	—	ADR	98585l100
RDNT	RadNet Inc	90,030	$1.296M	0.4%	$6.81	+60.0%	COM	750491102
—	China Mobile Limited Sp ADR	28,180	$1.289M	0.4%	$50.54	—	ADR	16941m109
—	FS Bancorp Inc	24,007	$1.284M	0.4%	$52.02	—	COM	30263y104
—	Ihs Markit Ltd	26,570	$1.282M	0.4%	$37.55	—	COM	g47567105
FTS	Fortis Inc	37,976	$1.282M	0.4%	$27.08	-7.2%	COM	349553107
PHG	Koninklijke Philips NV NY Reg	33,457	$1.282M	0.4%	$37.80	—	ADR	500472303
—	ASML Holding NV NY Registry	6,371	$1.265M	0.4%	$173.82	—	ADR	n07059210
—	juniper pharmaceuticals inc	124,635	$1.265M	0.4%	$10.15	—	COM	48203l107
—	B Riley Financial Inc	63,021	$1.229M	0.3%	$18.22	—	COM	05580m108
—	MSCI Inc	8,200	$1.226M	0.3%	$116.93	—	COM	55354g100
—	Turning Pt Brands Inc	63,019	$1.225M	0.3%	$17.00	—	COM	90041l105
—	Ares Coml Real Estate Corp	99,029	$1.223M	0.3%	$12.90	—	COM	04013v108
UNTY	Unity Bancorp Inc	55,054	$1.211M	0.3%	$8.99	+105.2%	COM	913290102
NWFL	Norwood Financial Corp	40,012	$1.204M	0.3%	$28.88	+6.6%	COM	669549107
—	Ultra Clean Holdings Inc	61,226	$1.179M	0.3%	$22.52	—	COM	90385v107
—	Great Ajax Corp	86,826	$1.176M	0.3%	$13.87	—	COM	38983d300
—	SK Telecom Ltd Sp ADR	48,521	$1.173M	0.3%	$27.91	—	ADR	78440p108
TD	Toronto Dominion Bank Ont	20,363	$1.158M	0.3%	$57.17	+2.4%	COM	891160509
TCBK	Trico Bancshares	31,096	$1.157M	0.3%	$26.30	+45.2%	COM	896095106
—	West Bancorporation Inc Cap St	44,323	$1.135M	0.3%	$18.59	—	COM	95123p106
LUNA	luna innovations	350,105	$1.134M	0.3%	$2.51	0.0%	COM	550351100
—	Vale SA ADR	89,005	$1.132M	0.3%	$10.07	—	ADR	91912e105
—	Xerium Technologies Inc	175,046	$1.129M	0.3%	$6.45	—	COM	98416j118
TSBK	Timberland Bancorp Inc	37,011	$1.125M	0.3%	$21.02	+4.3%	COM	887098101
CDNS	Cadence Design System Inc	30,300	$1.114M	0.3%	$36.84	+10.7%	COM	127387108
—	Raytheon Co	5,099	$1.1M	0.3%	$140.25	—	COM	755111507
PETS	PetMed Express Inc	26,053	$1.088M	0.3%	$18.03	+156.1%	COM	716382106
—	electro scientific inds	56,016	$1.083M	0.3%	$19.33	—	COM	285229100
—	Landmark Bancorp Inc	37,115	$1.082M	0.3%	$25.63	—	COM	51504l107
—	KMG Chemicals Inc	18,005	$1.079M	0.3%	$54.89	—	COM	482564101
—	finjan hldgs inc	330,090	$1.073M	0.3%	$3.25	—	COM	31788h303
ADUS	Addus Homecare Corp	22,006	$1.071M	0.3%	$38.39	0.0%	COM	006739106
HNNA	Hennessy Advisors Inc	54,487	$1.052M	0.3%	$18.75	-4.3%	COM	425885100
CCS	Century Communities Inc	35,011	$1.049M	0.3%	$16.71	+78.0%	COM	156504300
YUM	Yum Brands Inc	12,300	$1.047M	0.3%	$71.00	0.0%	COM	988498101
—	mackinac finl corp	63,817	$1.037M	0.3%	$16.25	—	COM	554571109
—	Tpi Composites Inc	46,014	$1.033M	0.3%	$22.45	—	COM	87266j104
—	Exelon Corp	26,477	$1.033M	0.3%	$35.57	—	COM	30161n101
—	Northeast Bancorp	50,015	$1.025M	0.3%	$23.15	—	COM	663904209
HIFS	Hingham Inst Savings MA	4,955	$1.021M	0.3%	$93.87	+103.3%	COM	433323102
OLP	One Liberty Properties Inc	46,014	$1.017M	0.3%	$24.93	—	COM	682406103
WASH	Washington Tr Bancorp	18,906	$1.016M	0.3%	$23.01	+51.5%	COM	940610108
FNKO	Funko Inc Cl A	123,036	$1.01M	0.3%	$7.47	0.0%	COM	361008105
—	cambium learning grp inc	90,027	$1.008M	0.3%	$11.20	—	COM	13201a107
—	Natural Health Trends Corp	53,016	$1.008M	0.3%	$19.01	—	COM	63888p406
—	CRA Intl Inc	19,006	$994K	0.3%	$41.03	—	COM	12618t105
—	DLH Holdings Corp	170,051	$993K	0.3%	$6.46	—	COM	23335q100
TKC	Turkcell Iletisim Hizmetleri S	102,843	$983K	0.3%	$9.56	—	ADR	900111204
—	Chase Corp	8,411	$979K	0.3%	$59.09	—	COM	16150r104
—	SORL Auto Parts Inc	150,045	$977K	0.3%	$6.72	—	COM	78461u101
KFRC	Kforce Inc	36,110	$977K	0.3%	$17.41	+54.4%	COM	493732101
CHMG	Chemung Financial Corp	21,006	$976K	0.3%	$38.09	-2.8%	COM	164024101
—	American Software Inc Cl A	74,022	$962K	0.3%	$13.00	—	COM	029683109
—	Credicorp Ltd	4,207	$955K	0.3%	$154.92	—	ADR	g2519y108
HOFT	Hooker Furniture Corp	26,008	$954K	0.3%	$43.28	-10.7%	COM	439038100
—	Diamond Hill Investment Group	4,601	$950K	0.3%	$190.01	—	COM	25264r207
—	BSB Bancorp Inc MD	31,009	$949K	0.3%	$30.60	—	COM	05573h108
HD	Home Depot Inc	5,295	$944K	0.3%	$141.83	+9.1%	COM	437076102
—	Nova Measuring Instruments Ltd	34,633	$940K	0.3%	$14.09	—	ADR	m7516k103
ACNB	ACNB Corp	32,009	$936K	0.3%	$19.72	+14.3%	COM	000868109
—	MainSource Financial Group Inc	23,007	$935K	0.3%	$22.04	—	COM	56062y102
NX	Quanex Building Products Corp	53,015	$922K	0.3%	$17.59	-2.0%	COM	747619104
—	Tower Intl Inc	33,010	$916K	0.3%	$27.75	—	COM	891826109
—	dasan zhone solutions inc	80,024	$915K	0.3%	$11.43	—	COM	23305l206
—	KT Corp Sp ADR	66,525	$911K	0.3%	$16.64	—	ADR	48268k101
—	xcerra corp	78,023	$909K	0.3%	$11.65	—	COM	98400j108
—	Koppers Holdings Inc	22,007	$904K	0.3%	$41.08	—	COM	50060p106
—	Control4 Corp	42,013	$902K	0.3%	$29.51	—	COM	21240d107
CNTY	Century Casinos Inc	120,036	$895K	0.3%	$8.70	-1.0%	COM	156492100
—	Valero Energy Corp	9,491	$880K	0.2%	$91.92	—	COM	91913y100
—	JPMorgan Chase & Co	7,805	$858K	0.2%	$106.93	—	COM	46625h100
PEP	PepsiCo Inc	7,841	$856K	0.2%	$73.20	+21.9%	COM	713448108
DAIO	Data I O Corp	115,034	$856K	0.2%	$8.55	+16.4%	COM	237690102
—	YY Inc ADS Rep Cl A	8,093	$851K	0.2%	$100.99	—	ADR	98426t106
—	Dime Community Bancshares	46,013	$847K	0.2%	$18.41	—	COM	253922108
—	Beazer Homes USA Inc	53,016	$846K	0.2%	$15.96	—	COM	07556q881
—	Lee Enterprises Inc	430,125	$839K	0.2%	$1.95	—	COM	523768109
—	Pointer Telocation Ltd	57,017	$830K	0.2%	$18.61	—	COM	m7946t104
—	medley mgmt inc	144,038	$821K	0.2%	$5.70	—	COM	58503t106
—	Bryn Mawr Bank Corp	18,621	$818K	0.2%	$29.71	—	COM	117665109
—	first savings finl group inc	11,604	$806K	0.2%	$69.46	—	COM	33621e109
—	entravision communications cp	170,045	$799K	0.2%	$4.70	—	COM	29382r107
—	bg staffing inc	42,012	$798K	0.2%	$18.99	—	COM	05544a109
SGC	Superior Uniform Group Inc	30,009	$788K	0.2%	$25.47	0.0%	COM	868358102
INTT	inTEST Corp	115,887	$771K	0.2%	$7.95	+3.6%	COM	461147100
—	Exxon Mobile Corp	10,155	$758K	0.2%	$81.88	—	COM	30231g102
EFSC	Enterprise Financial Services	16,005	$751K	0.2%	$21.04	+95.0%	COM	293712105
—	Advanced Semiconductor Engr Sp	102,500	$744K	0.2%	$5.70	—	ADR	00756m404
—	Netease Inc Sp ADR	2,534	$710K	0.2%	$193.22	—	ADR	64110w102
—	fnb bancorp calif	19,000	$699K	0.2%	$36.79	—	COM	302515101
—	Hallador Energy Company	100,024	$687K	0.2%	$6.87	—	COM	40609p105
—	century bancorp inc mass	8,202	$651K	0.2%	$79.37	—	COM	156432106
—	cynergistek inc	130,038	$648K	0.2%	$4.98	—	COM	23258p105
USB	US Bancorp Del	12,827	$648K	0.2%	$38.04	+4.9%	COM	902973304
EBF	Ennis Inc	32,010	$631K	0.2%	$12.33	0.0%	COM	293389102
—	national cinemedia inc	121,037	$628K	0.2%	$5.19	—	COM	635309107
GCBC	greene county bancorp inc	17,009	$624K	0.2%	$15.93	0.0%	COM	394357107
—	Oritani Financial Corp	40,273	$618K	0.2%	$15.35	—	COM	68633d103
JOUT	johnson outdoors inc	9,603	$595K	0.2%	$63.91	0.0%	COM	479167108
—	Total SA Sp ADR	9,725	$561K	0.2%	$57.69	—	ADR	89151e109
—	Globalscape Inc Com	150,046	$552K	0.2%	$3.77	—	COM	37940g109
NPK	National Presto Industries Inc	5,302	$497K	0.1%	$99.25	0.0%	COM	637215104
CSW	Csw Industrials Inc	11,003	$496K	0.1%	$44.88	0.0%	COM	126402106
—	Nanometrics Inc	18,000	$484K	0.1%	$26.89	—	COM	630077105
HURC	Hurco Companies Inc	10,426	$479K	0.1%	$44.77	0.0%	COM	447324104
—	first defiance finl corp	7,277	$417K	0.1%	$57.30	—	COM	32006w106
INFY	Infosys Ltd Sp ADR	18,083	$323K	0.1%	$15.16	—	ADR	456788108
AZN	AstraZeneca PLC Sp ADR	7,900	$276K	0.1%	$34.05	—	ADR	046353108
—	suncoke energy inc	24,153	$260K	0.1%	$10.76	—	COM	86722a103
—	HDFC Bank Ltd ADR Reps 3	2,480	$245K	0.1%	$66.37	—	ADR	40415f101
ING	ING Groep NV Sp ADR	14,300	$242K	0.1%	$17.41	—	ADR	456837103
—	biglari hldgs inc	571	$233K	0.1%	$408.06	—	COM	08986r101
—	bankfinancial corp	10,162	$173K	0.0%	$17.02	—	COM	06643p104