The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCURAY INC COM 004397105   7,746,016 2,847,800 SH   DFND   2,557,450 0 290,350
ACTIVISION BLIZZARD INC COM 00507V109   11,244,120 120,091 SH   DFND   120,091 0 0
ALPHABET INC CAP STK CL A 02079K305   4,558,508 34,835 SH   DFND   34,835 0 0
ALPINE INCOME PPTY TR INC COM 02083X103   6,544,000 400,000 SH   DFND   400,000 0 0
AMERICAN VANGUARD CORP COM 030371108   7,545,154 625,436 SH   DFND   625,436 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   2,123,956 69,844 SH   DFND   69,844 0 0
ANGIODYNAMICS INC COM 03475V101   3,153,527 390,884 SH   DFND   390,884 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108   11,821,352 286,544 SH   DFND   286,544 0 0
ASSOCIATED BANC CORP COM 045487105   6,844,000 400,000 SH   DFND   400,000 0 0
ASTEC INDS INC COM 046224101   8,939,264 171,985 SH   DFND   171,985 0 0
ATN INTL INC COM 00215F107   9,063,843 260,498 SH   DFND   260,498 0 0
AUDIOCODES LTD ORD M15342104   7,890,855 780,500 SH   DFND   717,800 0 62,700
AVANOS MED INC COM 05350V106   12,775,623 573,095 SH   DFND   573,095 0 0
BALL CORP COM 058498106   11,588,386 232,792 SH   DFND   232,792 0 0
BARRETT BUSINESS SVCS INC COM 068463108   12,182,400 135,000 SH   DFND   135,000 0 0
BECTON DICKINSON & CO COM 075887109   3,716,627 14,376 SH   DFND   14,376 0 0
BENCHMARK ELECTRS INC COM 08160H101   8,494,639 350,150 SH   DFND   332,800 0 17,350
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702   4,155,959 11,864 SH   DFND   11,864 0 0
BERRY CORP COM 08579X101   9,324,220 1,137,100 SH   DFND   1,090,100 0 47,000
BOSTON BEER INC CL A 100557107   1,683,159 4,321 SH   DFND   4,321 0 0
BWX TECHNOLOGIES INC COM 05605H100   11,435,800 152,518 SH   DFND   152,518 0 0
CABLE ONE INC COM 12685J105   11,655,296 18,932 SH   DFND   18,932 0 0
CAL MAINE FOODS INC COM NEW 128030202   724,702 14,967 SH   DFND   14,967 0 0
CANADIAN NATL RY CO COM 136375102   1,845,835 17,039 SH   DFND   17,039 0 0
CANTALOUPE INC COM 138103106   5,625,000 900,000 SH   DFND   900,000 0 0
CAPITAL CITY BK GROUP INC COM 139674105   16,560,423 555,160 SH   DFND   536,160 0 19,000
CARMAX INC COM 143130102   12,746,465 180,213 SH   DFND   180,213 0 0
CARRIAGE SVCS INC COM 143905107   7,667,050 271,400 SH   DFND   254,000 0 17,400
CARTERS INC COM 146229109   25,381,231 336,902 SH   DFND   336,902 0 0
CASS INFORMATION SYS INC COM 14808P109   12,535,631 336,527 SH   DFND   336,527 0 0
CBOE GLOBAL MKTS INC COM 12503M108   1,332,159 8,528 SH   DFND   8,528 0 0
CECO ENVIRONMENTAL CORP COM 125141101   8,783,500 550,000 SH   DFND   550,000 0 0
CENTENE CORP DEL COM 15135B101   32,472,787 471,440 SH   DFND   471,440 0 0
CENTERRA GOLD INC COM 152006102   10,737,370 2,191,300 SH   DFND   2,058,600 0 132,700
CENTURY CMNTYS INC COM 156504300   13,071,117 195,734 SH   DFND   195,734 0 0
CHAMPIONX CORPORATION COM 15872M104   9,207,058 234,447 SH   DFND   234,447 0 0
CHASE CORP COM 16150R104   3,659,516 28,763 SH   DFND   28,763 0 0
CISCO SYS INC COM 17275R102   2,132,337 39,664 SH   DFND   39,664 0 0
COMSTOCK RES INC COM 205768302   18,106,837 1,485,997 SH   DFND   1,485,997 0 0
CONAGRA BRANDS INC COM 205887102   8,505,437 310,191 SH   DFND   310,191 0 0
CONSOLIDATED WATER CO INC ORD G23773107   8,532,000 300,000 SH   DFND   300,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109   15,206,297 139,405 SH   DFND   139,405 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100   3,418,800 120,000 SH   DFND   120,000 0 0
CORECIVIC INC COM 21871N101   7,126,976 573,517 SH   DFND   573,517 0 0
COTERRA ENERGY INC COM 127097103   9,703,403 358,721 SH   DFND   358,721 0 0
DENBURY INC COM 24790A101   4,900,500 50,000 SH   DFND   50,000 0 0
DENTSPLY SIRONA INC COM 24906P109   8,735,532 255,724 SH   DFND   255,724 0 0
DOUGLAS DYNAMICS INC COM 25960R105   5,205,296 156,340 SH   DFND   156,340 0 0
DOUGLAS ELLIMAN INC COM 25961D105   530,752 234,846 SH   DFND   234,846 0 0
DRIL-QUIP INC COM 262037104   26,433,658 872,949 SH   DFND   856,959 0 15,990
ENCOMPASS HEALTH CORP COM 29261A100   20,340,615 302,868 SH   DFND   302,868 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104   11,385,885 390,747 SH   DFND   390,747 0 0
ENVELA CORP COM 29402E102   1,896,000 400,000 SH   DFND   400,000 0 0
EOG RES INC COM 26875P101   2,875,804 22,687 SH   DFND   22,687 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   17,332,260 943,509 SH   DFND   943,509 0 0
ESSEX PPTY TR INC COM 297178105   20,576,123 97,016 SH   DFND   97,016 0 0
EVERI HLDGS INC COM 30034T103   6,610,000 500,000 SH   DFND   500,000 0 0
EVERTEC INC COM 30040P103   9,053,330 243,500 SH   DFND   229,100 0 14,400
EXELON CORP COM 30161N101   5,466,324 144,650 SH   DFND   144,650 0 0
EZCORP INC CL A NON VTG 302301106   8,314,350 1,007,800 SH   DFND   933,300 0 74,500
FARMLAND PARTNERS INC COM 31154R109   7,071,941 625,198 SH   DFND   625,198 0 0
FIRST AMERN FINL CORP COM 31847R102   15,679,364 277,560 SH   DFND   277,560 0 0
FIRST INTERNET BANCORP COM 320557101   3,242,000 200,000 SH   DFND   200,000 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201   5,199,990 208,500 SH   DFND   188,500 0 20,000
FIRSTENERGY CORP COM 337932107   13,023,059 381,014 SH   DFND   381,014 0 0
FLOWSERVE CORP COM 34354P105   16,297,746 409,800 SH   DFND   409,800 0 0
FORESTAR GROUP INC COM 346232101   10,776,000 400,000 SH   DFND   400,000 0 0
GLACIER BANCORP INC NEW COM 37637Q105   17,014,301 567,627 SH   DFND   567,627 0 0
GRAND CANYON ED INC COM 38526M106   9,350,049 79,997 SH   DFND   79,997 0 0
GRANITE CONSTR INC COM 387328107   13,766,472 328,288 SH   DFND   328,288 0 0
HAEMONETICS CORP MASS COM 405024100   24,435,274 256,414 SH   DFND   256,414 0 0
HANOVER INS GROUP INC COM 410867105   14,024,210 114,617 SH   DFND   114,617 0 0
HARVARD BIOSCIENCE INC COM 416906105   3,725,808 866,467 SH   DFND   866,467 0 0
HASBARO INC COM 418056107   14,528,842 219,668 SH   DFND   219,668 0 0
HEALTHCARE SVCS GROUP INC COM 421906108   17,591,447 1,597,456 SH   DFND   1,551,956 0 45,500
HEALTHSTREAM INC COM 42222N103   14,912,600 635,132 SH   DFND   635,132 0 0
HEARTLAND EXPRESS INC COM 422347104   9,710,119 599,220 SH   DFND   599,220 0 0
HERITAGE FINL CORP WASH COM 42722X106   7,373,751 452,100 SH   DFND   435,900 0 16,200
HOWMET AEROSPACE INC COM 443201108   597,596 12,921 SH   DFND   12,921 0 0
HUDSON GLOBAL INC COM NEW 443787205   5,682,634 301,466 SH   DFND   287,626 0 13,840
HUNT J B TRANS SVCS INC COM 445658107   16,554,884 87,815 SH   DFND   87,815 0 0
I3 VERTICALS INC COM CL A 46571Y107   11,358,733 537,310 SH   DFND   508,210 0 29,100
INFUSYSTEM HLDGS INC COM 45685K102   4,820,000 500,000 SH   DFND   500,000 0 0
INGREDION INC COM 457187102   15,426,365 156,772 SH   DFND   156,772 0 0
INTEGER HLDGS CORP COM 45826H109   5,882,250 75,000 SH   DFND   75,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   11,856,643 136,976 SH   DFND   136,976 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106   8,399,088 744,600 SH   DFND   677,900 0 66,700
JOHNSON & JOHNSON COM 478160104   4,872,016 31,281 SH   DFND   31,281 0 0
KENNAMETAL INC COM 489170100   15,678,182 630,152 SH   DFND   630,152 0 0
KIMBERLY-CLARK CORP COM 494368103   3,250,623 26,898 SH   DFND   26,898 0 0
KIRBY CORP COM 497266106   9,008,226 108,795 SH   DFND   108,795 0 0
KNIFE RIVER CORP COMMON STOCK 498894104   4,883,000 100,000 SH   DFND   100,000 0 0
KNOWLES CORP COM 49926D109   11,515,782 703,775 SH   DFND   703,775 0 0
LAKELAND FINL CORP COM 511656100   1,192,765 25,132 SH   DFND   25,132 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   4,794,684 52,101 SH   DFND   52,101 0 0
LEIDOS HOLDINGS INC COM 525327102   3,169,382 34,390 SH   DFND   34,390 0 0
LINCOLN EDL SVCS CORP COM 533535100   16,742,213 1,981,327 SH   DFND   1,917,827 0 63,500
LINDSAY CORP COM 535555106   4,744,152 36,497 SH   DFND   36,497 0 0
LUXFER HLDGS PLC SHS G5698W116   2,610,000 200,000 SH   DFND   200,000 0 0
MAMAS CREATIONS INC COM 56146T103   4,151,500 950,000 SH   DFND   950,000 0 0
MARKEL GROUP INC COM 570535104   4,576,499 3,108 SH   DFND   3,108 0 0
MARTEN TRANS LTD COM 573075108   2,956,500 150,000 SH   DFND   150,000 0 0
METHODE ELECTRS INC COM 591520200   4,609,348 182,580 SH   DFND   182,580 0 0
MGIC INVT CORP WIS COM 552848103   8,345,000 500,000 SH   DFND   500,000 0 0
MICRON TECHNOLOGY INC COM 595112103   10,938,204 160,785 SH   DFND   160,785 0 0
MOHAWK INDS INC COM 608190104   26,896,029 313,437 SH   DFND   306,887 0 6,550
MONRO INC COM 610236101   7,183,905 234,489 SH   DFND   234,489 0 0
NATIONAL FUEL GAS CO COM 636180101   17,572,833 338,525 SH   DFND   325,325 0 13,200
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   9,744,974 307,025 SH   DFND   285,825 0 21,200
NEW GOLD INC CDA COM 644535106   3,185,350 3,500,000 SH   DFND   3,500,000 0 0
NORTHERN TR CORP COM 665859104   6,563,567 94,467 SH   DFND   94,467 0 0
NORTHWEST PIPE CO COM 667746101   13,828,420 458,350 SH   DFND   437,350 0 21,000
NOV INC COM 62955J103   48,005,753 2,296,926 SH   DFND   2,265,426 0 31,500
NOW INC COM 67011P100   11,428,567 962,811 SH   DFND   922,311 0 40,500
OIL DRI CORP AMER COM 677864100   12,447,009 182,482 SH   DFND   182,482 0 0
OLD REP INTL CORP COM 680223104   14,534,777 539,524 SH   DFND   539,524 0 0
ORACLE CORP COM 68389X105   1,376,960 13,000 SH   DFND   13,000 0 0
ORION ENERGY SYS INC COM 686275108   900,411 714,612 SH   DFND   714,612 0 0
ORION S.A. COM L72967109   8,386,448 394,100 SH   DFND   375,600 0 18,500
OSISKO GOLD ROYALTIES LTD COM 68827L101   5,618,850 478,200 SH   DFND   451,700 0 26,500
PACKAGING CORP AMER COM 695156109   15,033,466 97,906 SH   DFND   97,906 0 0
PARK AEROSPACE CORP COM 70014A104   15,254,125 890,904 SH   DFND   890,904 0 0
PATTERSON COS INC COM 703395103   12,072,372 407,300 SH   DFND   388,000 0 19,300
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203   5,225,000 500,000 SH   DFND   500,000 0 0
PERRIGO CO PLC SHS G97822103   35,930,842 1,124,596 SH   DFND   1,098,896 0 25,700
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106   9,937,371 704,055 SH   DFND   704,055 0 0
PHOTRONICS INC COM 719405102   4,547,250 225,000 SH   DFND   225,000 0 0
PIONEER NAT RES CO COM 723787107   13,958,476 60,808 SH   DFND   60,808 0 0
PNC FINL SVCS GROUP INC COM 693475105   11,604,466 94,522 SH   DFND   94,522 0 0
POPULAR INC COM NEW 733174700   11,554,900 183,382 SH   DFND   183,382 0 0
PORTLAND GEN ELEC CO COM NEW 736508847   11,625,532 260,496 SH   DFND   260,496 0 0
POTBELLY CORP COM 73754Y100   7,502,820 961,900 SH   DFND   908,400 0 53,500
POTLATCHDELTIC CORPORATION COM 737630103   22,267,426 454,272 SH   DFND   454,272 0 0
POWELL INDS INC COM 739128106   19,090,212 208,359 SH   DFND   208,359 0 0
PPG INDS INC COM 693506107   9,529,137 73,414 SH   DFND   73,414 0 0
PRIMO WATER CORPORATION COM 74167P108   12,363,420 895,900 SH   DFND   846,900 0 49,000
PRIMORIS SVCS CORP COM 74164F103   4,091,250 125,000 SH   DFND   125,000 0 0
PURE CYCLE CORP COM NEW 746228303   5,536,800 576,750 SH   DFND   550,350 0 26,400
QORVO INC COM 74736K101   16,992,514 177,988 SH   DFND   177,988 0 0
QUEST DIAGNOSTICS INC COM 74834L100   18,544,899 152,182 SH   DFND   152,182 0 0
RADIAN GROUP INC COM 750236101   14,310,189 569,900 SH   DFND   554,450 0 15,450
REYNOLDS CONSUMER PRODS INC COM 76171L106   3,680,365 130,249 SH   DFND   130,249 0 0
ROYAL GOLD INC COM 780287108   12,246,877 104,216 SH   DFND   104,216 0 0
SCHNITZER STEEL INDS INC CL A 806882106   10,754,110 349,402 SH   DFND   349,402 0 0
SEACOAST BKG CORP FLA COM NEW 811707801   14,530,800 599,417 SH   DFND   599,417 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100   9,081,652 140,716 SH   DFND   140,716 0 0
SHYFT GROUP INC COM 825698103   4,491,000 300,000 SH   DFND   300,000 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108   10,250,000 200,000 SH   DFND   200,000 0 0
SIMPSON MFG INC COM 829073105   1,484,767 9,911 SH   DFND   9,911 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   10,140,573 102,856 SH   DFND   102,856 0 0
SMITH A O CORP COM 831865209   5,628,192 85,108 SH   DFND   85,108 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105   19,906,306 240,719 SH   DFND   240,719 0 0
STARBUCKS CORP COM 855244109   1,647,150 18,047 SH   DFND   18,047 0 0
STERICYCLE INC COM 858912108   17,434,262 375,289 SH   DFND   375,289 0 0
STEWART INFORMATION SVCS COR COM 860372101   9,379,770 214,150 SH   DFND   209,600 0 4,550
SUNCOR ENERGY INC NEW COM 867224107   2,011,746 58,515 SH   DFND   58,515 0 0
SUNOPTA INC COM 8676EP108   1,516,500 450,000 SH   DFND   450,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   7,362,190 787,400 SH   DFND   743,400 0 44,000
TE CONNECTIVITY LTD SHS H84989104   4,601,369 37,249 SH   DFND   37,249 0 0
TERADATA CORP DEL COM 88076W103   27,355,863 607,638 SH   DFND   607,638 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   46,838,694 760,764 SH   DFND   752,664 0 8,100
THERMON GROUP HLDGS INC COM 88362T103   9,496,379 345,700 SH   DFND   329,900 0 15,800
THOR INDS INC COM 885160101   8,058,272 84,708 SH   DFND   84,708 0 0
TIPTREE INC COM 88822Q103   5,866,000 350,000 SH   DFND   350,000 0 0
TREEHOUSE FOODS INC COM 89469A104   14,529,964 302,223 SH   DFND   302,223 0 0
TRICO BANCSHARES COM 896095106   6,406,000 200,000 SH   DFND   200,000 0 0
TWIN DISC INC COM 901476101   5,488,000 400,000 SH   DFND   400,000 0 0
TYSON FOODS INC CL A 902494103   12,639,061 250,328 SH   DFND   250,328 0 0
UMH PPTYS INC COM 903002103   8,310,355 592,750 SH   DFND   560,850 0 31,900
UNILEVER PLC SPON ADR NEW 904767704   3,059,095 61,925 SH   DFND   61,925 0 0
VAIL RESORTS INC COM 91879Q109   3,171,474 14,293 SH   DFND   14,293 0 0
VICOR CORP COM 925815102   3,387,471 52,118 SH   DFND   52,118 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105   6,551,800 235,000 SH   DFND   235,000 0 0
WATSCO INC COM 942622200   11,026,402 29,192 SH   DFND   29,192 0 0
WELLS FARGO CO NEW COM 949746101   1,686,783 41,282 SH   DFND   41,282 0 0
WESTROCK CO COM 96145D105   11,008,500 307,500 SH   DFND   300,000 0 7,500
WIDEOPENWEST INC COM 96758W101   7,681,748 1,004,150 SH   DFND   935,550 0 68,600
WISDOMTREE TR INTL SMCAP DIV 97717W760   629,871 10,960 SH   DFND   10,960 0 0