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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 2,163,992 10,270 SH   SOLE   7,570 0 2,700
ABB LTD-REG COM 007108899 1,220,039 51,390 SH   SOLE   0 0 51,390
ABBVIE INC. COM 00287Y109 1,030,922 10,900 SH   SOLE   8,200 0 2,700
ACTIVISION BLIZZARD COM 00507V109 936,719 11,260 SH   SOLE   9,160 0 2,100
ADECCO GROUP AG-REG COM 007110720 432,138 8,190 SH   SOLE   0 0 8,190
AEON MALL CO LTD COM 006534202 388,389 22,600 SH   SOLE   0 0 22,600
AES CORP COM 00130H105 2,840,600 202,900 SH   SOLE   150,200 0 52,700
AFFILIATED MGRS GP COM 008252108 273,440 2,000 SH   SOLE   1,500 0 500
AGNC INVESTMENT CORP COM 00123Q104 951,062 51,050 SH   SOLE   38,250 0 12,800
AIA GROUP LTD COM 00B4TX8S1 8,040 900 SH   SOLE   0 0 900
AIR LIQUIDE SA COM 00B1YXBJ7 445,459 3,385 SH   SOLE   0 0 3,385
AIR PROD & CHEM. COM 009158106 167,050 1,000 SH   SOLE   1,000 0 0
AKZO NOBEL COM 005458314 607,776 6,497 SH   SOLE   0 0 6,497
ALEXION PHARM. COM 015351109 83,406 600 SH   SOLE   600 0 0
ALLETE INC COM COM 018522300 555,074 7,400 SH   SOLE   6,100 0 1,300
ALLIANCE BERNSTEIN COM 01881G106 299,933 9,850 SH   SOLE   9,850 0 0
ALLIANCE DATA SYSTEMS COM 018581108 106,272 450 SH   SOLE   450 0 0
ALLIANZ SE-REG COM 005231485 379,559 1,702 SH   SOLE   0 0 1,702
ALLSTATE CORP. COM 020002101 167,790 1,700 SH   SOLE   1,700 0 0
ALLY FINANCIAL INC COM 02005N100 1,260,872 47,670 SH   SOLE   35,270 0 12,400
ALPHABET INC. CL A COM 02079K305 3,138,408 2,600 SH   SOLE   2,000 0 600
ALPHABET INC. CL C COM 02079K107 1,694,727 1,420 SH   SOLE   1,170 0 250
ALTRIA GROUP COM 02209S103 4,683,072 77,650 SH   SOLE   57,500 0 20,150
AMADEUS IT GROUP SA COM 00B3MSM28 556,451 5,987 SH   SOLE   0 0 5,987
AMAZON COM COM 023135106 3,164,740 1,580 SH   SOLE   1,280 0 300
AMCOR LIMITED COM 006066608 575,093 58,101 SH   SOLE   0 0 58,101
AMERICAN TOWER CORP. COM 03027X100 2,727,281 18,770 SH   SOLE   14,070 0 4,700
AMERICAN WTR WKS CO COM 030420103 202,331 2,300 SH   SOLE   2,300 0 0
AMERIPRISE FINANCIAL COM 03076C106 1,610,971 10,910 SH   SOLE   8,060 0 2,850
AMERISAFE INC COM 03071H100 30,975 500 SH   SOLE   500 0 0
AMGEN INC. COM 031162100 414,580 2,000 SH   SOLE   1,500 0 500
AMN HEALTHCARE SVC COM 001744101 35,555 650 SH   SOLE   650 0 0
ANADARKO PETE CORP. COM 032511107 64,040 950 SH   SOLE   950 0 0
ANTHEM INC. COM 036752103 232,943 850 SH   SOLE   850 0 0
AON CORP COM G0408V102 1,322,508 8,600 SH   SOLE   0 0 8,600
APACHE CORP. COM 037411105 920,984 19,320 SH   SOLE   14,320 0 5,000
APPLE INC. COM 037833100 4,178,447 18,510 SH   SOLE   14,210 0 4,300
APPLIED INDL TECH COM 03820C105 140,850 1,800 SH   SOLE   1,800 0 0
APPLIED MATLS INC. COM 038222105 1,257,285 32,530 SH   SOLE   24,230 0 8,300
APTIV PLC COM G6095L109 474,035 5,650 SH   SOLE   0 0 5,650
ARCH CAPITAL GP LTD. COM G0450A105 1,073,160 36,000 SH   SOLE   0 0 36,000
ARCHER DANIELS MID COM 039483102 914,914 18,200 SH   SOLE   18,200 0 0
ARES CAP CORP COM 04010L103 1,286,740 74,854 SH   SOLE   55,454 0 19,400
ASPEN TECHNOLOGY COM 045327103 199,343 1,750 SH   SOLE   1,750 0 0
AT&T INC. COM 00206R102 75,555 2,250 SH   SOLE   2,250 0 0
ATHENAHEALTH INC COM 04685W103 93,520 700 SH   SOLE   700 0 0
AUST & NZ BNKG ADR 052528304 628,065 31,100 SH   SOLE   0 0 31,100
AUTOLIV INC-SWED DEP RECE COM 005247374 268,074 3,073 SH   SOLE   0 0 3,073
AXIS CAPITAL HDS COM G0692U109 940,673 16,300 SH   SOLE   0 0 16,300
BAE SYS PLC ADR 05523R107 1,250,580 38,000 SH   SOLE   0 0 38,000
BAIDU COM INC ADR 056752108 343,020 1,500 SH   SOLE   0 0 1,500
BANCO BILBAO VIZCAYA ARGE COM 005501906 377,682 59,229 SH   SOLE   0 0 59,229
BANDAI NAMCO HOLDINGS INC COM 00B0JDQD4 979,513 25,200 SH   SOLE   0 0 25,200
BANK OF AMERICA COM 060505104 3,156,639 107,150 SH   SOLE   79,850 0 27,300
BANK OZK COM 06417N103 121,472 3,200 SH   SOLE   3,200 0 0
BAXTER INTL INC. COM 071813109 423,995 5,500 SH   SOLE   4,100 0 1,400
BAYER AG-REG COM 005069211 1,007,389 11,336 SH   SOLE   0 0 11,336
BEACON ROOFING SUPPLY COM 073685109 50,666 1,400 SH   SOLE   1,400 0 0
BEAZER HOMES USA COM 07556Q881 8,715 830 SH   SOLE   830 0 0
BECTON DICKINSON & CO COM 075887109 3,009,330 11,530 SH   SOLE   11,530 0 0
BEIERSDORF AG COM 005107401 544,958 4,828 SH   SOLE   0 0 4,828
BERKSHIRE HATHAWAY A COM 084670108 2,880,000 9 SH   SOLE   7 0 2
BEST BUY INC. COM 086516101 781,696 9,850 SH   SOLE   7,250 0 2,600
BIO-TECHNE CORP COM 09073M104 51,028 250 SH   SOLE   250 0 0
BLACK HILLS CORP COM 092113109 386,299 6,650 SH   SOLE   4,950 0 1,700
BLACKSTONE MORTGAGE TRU-C COM 09257W100 414,854 12,380 SH   SOLE   9,180 0 3,200
BOEING CO. COM 097023105 2,796,688 7,520 SH   SOLE   5,620 0 1,900
BOISE CASCADE CO. COM 09739D100 46,000 1,250 SH   SOLE   1,250 0 0
BOOKING HOLDINGS INC. COM 09857L108 99,200 50 SH   SOLE   50 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,383,763 22,290 SH   SOLE   16,490 0 5,800
BRITISH AMERICAN TOBACCO COM 000287580 21,081 451 SH   SOLE   0 0 451
BROADCOM INC. COM 11135F101 2,183,561 8,850 SH   SOLE   2,650 0 6,200
BROWN FORMAN B COM 115637209 161,760 3,200 SH   SOLE   3,200 0 0
BUCKEYE PARTNERS LP COM 118230101 271,396 7,600 SH   SOLE   5,600 0 2,000
CABOT OIL & GAS COM 127097103 367,977 16,340 SH   SOLE   12,140 0 4,200
CANADIAN NATL RAILWAY CO COM 002180632 851,810 9,500 SH   SOLE   0 0 9,500
CANADIAN PACIFIC RAILWAY COM 002793115 570,726 2,700 SH   SOLE   0 0 2,700
CARDINAL HEALTH INC COM 14149Y108 449,280 8,320 SH   SOLE   6,370 0 1,950
CARLSBERG AS-B COM 004169219 575,009 4,792 SH   SOLE   0 0 4,792
CASEYS GEN STORES COM 147528103 135,566 1,050 SH   SOLE   1,050 0 0
CATALENT INC COM 148806102 462,788 10,160 SH   SOLE   7,560 0 2,600
CATHAY GENERAL BANCORP COM 149150104 379,176 9,150 SH   SOLE   6,750 0 2,400
CAVCO INDS INC COM 149568107 63,250 250 SH   SOLE   250 0 0
CBL & ASSOC. PROP. COM 124830100 54,464 13,650 SH   SOLE   13,650 0 0
CBOE HOLDINGS INC COM 12503M108 382,880 3,990 SH   SOLE   2,940 0 1,050
CBS CORP. COM 124857202 1,548,278 26,950 SH   SOLE   19,950 0 7,000
CENTERPOINT ENERGY INC COM 15189T107 34,563 1,250 SH   SOLE   1,250 0 0
CENTURYLINK INC. COM 156700106 948,276 44,730 SH   SOLE   33,130 0 11,600
CGI GROUP INC - CL A COM 002159740 1,024,410 15,900 SH   SOLE   0 0 15,900
CHARLES SCHWAB COM 808513105 186,770 3,800 SH   SOLE   3,800 0 0
CHASE CORP COM 16150R104 30,038 250 SH   SOLE   250 0 0
CHEFS' WAREHOUSE INC COM 163086101 45,438 1,250 SH   SOLE   1,250 0 0
CHEVRON CORP COM 166764100 1,876,998 15,350 SH   SOLE   11,350 0 4,000
CHIPOTLE MEXICAN GRILL COM 169656105 90,904 200 SH   SOLE   200 0 0
CIGNA CORP. COM 125509109 2,873,850 13,800 SH   SOLE   10,200 0 3,600
CINTAS CORP COM 172908105 29,672 150 SH   SOLE   150 0 0
CISCO SYSTEMS COM 17275R102 790,563 16,250 SH   SOLE   12,450 0 3,800
CITIGROUP INC. COM 172967424 4,569,838 63,700 SH   SOLE   47,200 0 16,500
CITIZENS FINANCIAL GROUP COM 174610105 2,812,910 72,930 SH   SOLE   53,980 0 18,950
CME GROUP COM 12572Q105 25,532 150 SH   SOLE   150 0 0
COCA COLA COMPANY COM 191216100 71,595 1,550 SH   SOLE   1,550 0 0
COGNIZANT TECH. COM 192446102 1,924,893 24,950 SH   SOLE   18,450 0 6,500
COHERENT INC COM 192479103 51,657 300 SH   SOLE   300 0 0
COLGATE PALMOLIVE COM 194162103 194,155 2,900 SH   SOLE   2,900 0 0
COMCAST CORP-Cl A COM 20030N101 1,934,094 54,620 SH   SOLE   54,620 0 0
COMPASS GROUP PLC COM 00BD6K457 1,266,682 56,937 SH   SOLE   0 0 56,937
CONAGRA INC. COM 205887102 435,495 12,820 SH   SOLE   9,520 0 3,300
CONCHO RESOURCES COM 20605P101 406,315 2,660 SH   SOLE   1,960 0 700
CONOCOPHILLIPS COM 20825C104 119,970 1,550 SH   SOLE   1,550 0 0
CONTINENTAL RESOURCES COM 212015101 71,694 1,050 SH   SOLE   1,050 0 0
COPART INC COM 217204106 159,743 3,100 SH   SOLE   3,100 0 0
CORNING INC COM 219350105 3,132,875 88,750 SH   SOLE   65,650 0 23,100
COSTAR GROUP INC COM 22160N109 147,294 350 SH   SOLE   350 0 0
COSTCO WHOLESALE COM 22160K105 1,092,192 4,650 SH   SOLE   3,450 0 1,200
CREDIT SAISON CO LTD COM 006591809 316,487 19,400 SH   SOLE   0 0 19,400
CROWN CASTLE INTL COM 22822V101 2,716,452 24,400 SH   SOLE   18,100 0 6,300
CSX CORP. COM 126408103 425,788 5,750 SH   SOLE   4,250 0 1,500
CULLEN FROST BANKERS COM 229899109 26,110 250 SH   SOLE   250 0 0
CUMMINS INC COM 231021106 2,534,315 17,350 SH   SOLE   12,850 0 4,500
CVS CAREMARK CORP COM 126650100 469,958 5,970 SH   SOLE   4,470 0 1,500
D R HORTON INC. COM 23331A109 120,213 2,850 SH   SOLE   2,850 0 0
DANAHER CORP COM 235851102 211,887 1,950 SH   SOLE   1,950 0 0
DANONE COM 00B1Y9TB3 506,744 6,541 SH   SOLE   0 0 6,541
DBS GROUP HOLDINGS LTD COM 006175203 1,569,582 82,200 SH   SOLE   0 0 82,200
DELTA AIR LINES COM 247361702 2,312,043 39,980 SH   SOLE   29,580 0 10,400
DENBURY RES INC COM 247916208 34,720 5,600 SH   SOLE   5,600 0 0
DENSO CORP COM 006640381 660,188 12,500 SH   SOLE   0 0 12,500
DEUTSCHE BOERSE AG COM 007021963 696,993 5,200 SH   SOLE   0 0 5,200
DEVON ENERGY (NEW) COM 25179M103 977,731 24,480 SH   SOLE   18,180 0 6,300
DIAGEO PLC COM 000237400 856,466 24,155 SH   SOLE   0 0 24,155
DIGITAL RLTY TR COM 253868103 2,167,490 19,270 SH   SOLE   14,620 0 4,650
DISCOVER FINCL SERVICES COM 254709108 3,181,849 41,620 SH   SOLE   30,820 0 10,800
DISH NETWORK CORP CL A COM 25470M109 19,668 550 SH   SOLE   550 0 0
DISTRIBUIDORA INTERNACION COM 00B55ZR92 54,537 23,477 SH   SOLE   0 0 23,477
DOLLAR GEN CORP COM 256677105 27,325 250 SH   SOLE   250 0 0
EDISON INTERNATIONAL COM 281020107 408,787 6,040 SH   SOLE   4,440 0 1,600
EL PASO ELEC CO. COM 283677854 371,800 6,500 SH   SOLE   4,800 0 1,700
ELI LILLY & CO. COM 532457108 4,052,026 37,760 SH   SOLE   27,960 0 9,800
ELLIE MAE INC COM 28849P100 61,601 650 SH   SOLE   650 0 0
ENTERGY CORP. COM 29364G103 2,883,360 35,540 SH   SOLE   26,290 0 9,250
ENTERPRISE PRODUCTS PRTNR COM 293792107 48,841 1,700 SH   SOLE   1,700 0 0
EOG RESOURCES INC. COM 26875P101 378,883 2,970 SH   SOLE   2,170 0 800
EPAM SYSTEMS INC COM 29414B104 75,735 550 SH   SOLE   550 0 0
EQUINIX INC COM 29444U700 480,508 1,110 SH   SOLE   810 0 300
ERSTE GROUP BANK AG COM 005289837 385,579 9,278 SH   SOLE   0 0 9,278
ESSILOR INTERNATIONAL COM 007212477 251,064 1,696 SH   SOLE   0 0 1,696
EVERSOURCE ENERGY COM 30040W108 58,368 950 SH   SOLE   950 0 0
EXELON CORP. COM 30161N101 3,571,388 81,800 SH   SOLE   60,600 0 21,200
EXPEDITORS INT'L COM 302130109 29,412 400 SH   SOLE   400 0 0
FACEBOOK INC. COM 30303M102 452,265 2,750 SH   SOLE   2,750 0 0
FACTSET RESH SYS COM 303075105 178,968 800 SH   SOLE   800 0 0
FAMILYMART UNY HOLDINGS C COM 006331276 958,190 9,200 SH   SOLE   0 0 9,200
FANUC CORP COM 006356934 631,747 3,350 SH   SOLE   0 0 3,350
FIFTH THIRD BANCORP COM 316773100 2,271,571 81,360 SH   SOLE   60,260 0 21,100
FIRST MERCHANTS CORP COM 320817109 110,226 2,450 SH   SOLE   2,450 0 0
FIRST REPUBLIC BANK/CA COM 33616C100 624,000 6,500 SH   SOLE   5,300 0 1,200
FOMENTO ECONOMICO MEX-SP ADR 344419106 410,726 4,150 SH   SOLE   0 0 4,150
FORD MOTOR CO. COM 345370860 880,138 95,150 SH   SOLE   71,950 0 23,200
FOX FACTORY HOLDING CORP COM 35138V102 70,050 1,000 SH   SOLE   1,000 0 0
FRESENIUS SE & CO KGAA COM 004352097 700,744 9,540 SH   SOLE   0 0 9,540
FULTON FINL CORP. COM 360271100 369,630 22,200 SH   SOLE   16,400 0 5,800
GALLAGHER ARTHUR CO. COM 363576109 2,918,792 39,210 SH   SOLE   29,010 0 10,200
GEBERIT AG-REG COM 00B1WGG93 794,084 1,704 SH   SOLE   0 0 1,704
GILEAD SCIENCES INC. COM 375558103 3,479,083 45,060 SH   SOLE   33,360 0 11,700
GLOBUS MEDICAL CL A COM 379577208 62,436 1,100 SH   SOLE   1,100 0 0
GRIFOLS SA-ADR ADR 398438408 837,704 39,200 SH   SOLE   0 0 39,200
GROUPE BRUXELLES LAMBERT COM 007097328 404,640 3,858 SH   SOLE   0 0 3,858
GRUPO TELEVISA SA ADR 40049J206 196,914 11,100 SH   SOLE   0 0 11,100
HALLIBURTON CO. COM 406216101 1,541,356 38,030 SH   SOLE   38,030 0 0
HARTFORD FINCL. SRV COM 416515104 147,382 2,950 SH   SOLE   2,950 0 0
HASBRO INC. COM 418056107 147,168 1,400 SH   SOLE   1,400 0 0
HCA INC. COM 40412C101 556,480 4,000 SH   SOLE   3,000 0 1,000
HEALTHCARE REALTY COM 421946104 111,188 3,800 SH   SOLE   3,800 0 0
HEICO CORP-CLASS A COM 422806208 204,454 2,708 SH   SOLE   2,708 0 0
HEINEKEN NV COM 007792559 653,336 6,965 SH   SOLE   0 0 6,965
HELMERICH & PAYNE COM 423452101 808,735 11,760 SH   SOLE   8,710 0 3,050
HENKEL AG & CO KGAA VORZU COM 005076705 405,629 3,456 SH   SOLE   0 0 3,456
HERMES INTERNATIONAL COM 005253973 671,367 1,013 SH   SOLE   0 0 1,013
HESS CORP. COM 42809H107 2,503,868 34,980 SH   SOLE   25,880 0 9,100
HEXAGON AB-B SHS COM 00B1XFTL2 1,053,459 17,982 SH   SOLE   0 0 17,982
HOME DEPOT INC. COM 437076102 2,908,386 14,040 SH   SOLE   10,390 0 3,650
HOYA CORP COM 006441506 1,123,168 18,900 SH   SOLE   0 0 18,900
HUMANA INC. COM 444859102 1,811,082 5,350 SH   SOLE   4,050 0 1,300
HUNT J B TRANS SVCS COM 445658107 29,735 250 SH   SOLE   250 0 0
HUNTINGTON BANCSHARES COM 446150104 26,110 1,750 SH   SOLE   1,750 0 0
ICICI BK LTD ADR 45104G104 93,857 11,055 SH   SOLE   0 0 11,055
ILLUMINA INC COM 452327109 238,589 650 SH   SOLE   650 0 0
IMPERIAL OIL LTD COM 002454241 58,208 1,800 SH   SOLE   0 0 1,800
IMPERIAL OIL LTD COM 453038408 611,793 18,900 SH   SOLE   0 0 18,900
ING GROEP NV-CVA COM 00BZ57390 986,477 75,940 SH   SOLE   0 0 75,940
INGREDION INC COM 457187102 593,024 5,650 SH   SOLE   4,150 0 1,500
INSURANCE AUSTRALIA GROUP COM 006271026 646,737 122,109 SH   SOLE   0 0 122,109
INT'L PAPER CO. COM 460146103 2,435,383 49,550 SH   SOLE   36,650 0 12,900
INTL CONSOLIDATED AIRLINE COM 00B5M6XQ7 39,603 4,600 SH   SOLE   0 0 4,600
INTUITIVE SURGICAL INC COM 46120E602 258,300 450 SH   SOLE   450 0 0
INVESTOR AB-B SHS COM 005679591 776,632 16,817 SH   SOLE   0 0 16,817
INVESTORS BANCORP INC COM 46146L101 363,192 29,600 SH   SOLE   21,900 0 7,700
ISS A/S COM 00BKJ9RT5 848,897 24,116 SH   SOLE   0 0 24,116
ITAU UNIBANCO HLDNG-PREF ADR 465562106 321,659 29,295 SH   SOLE   0 0 29,295
ITT INDUSTRIES (OLD) COM 45073V108 49,008 800 SH   SOLE   800 0 0
J & J SNACK FOODS COM 466032109 75,445 500 SH   SOLE   500 0 0
JAPAN TOBACCO INC COM 006474535 506,584 19,400 SH   SOLE   0 0 19,400
JARDINE LLOYD THOMPSON GR COM 000520337 22,450 908 SH   SOLE   0 0 908
JEFFERIES FINANCIAL GP COM 47233W109 2,460,618 112,050 SH   SOLE   82,950 0 29,100
JM SMUCKER CO COM 832696405 56,436 550 SH   SOLE   550 0 0
JOHNSON & JOHNSON COM 478160104 780,661 5,650 SH   SOLE   4,150 0 1,500
JPMORGAN CHASE & CO COM 46625H100 4,259,710 37,750 SH   SOLE   27,950 0 9,800
JULIUS BAER GROUP LTD COM 00B4R2R50 282,604 5,621 SH   SOLE   0 0 5,621
KAISER ALUMINUM CORP COM 483007704 98,154 900 SH   SOLE   900 0 0
KBC GROEP NV COM 004497749 284,109 3,816 SH   SOLE   0 0 3,816
KDDI CORP COM 006248990 696,419 25,200 SH   SOLE   0 0 25,200
KELLOGG CO COM 487836108 1,817,719 25,960 SH   SOLE   19,810 0 6,150
KEYCORP COM 493267108 2,884,050 145,000 SH   SOLE   107,700 0 37,300
KIA MOTORS CORP COM 006490928 79,835 2,523 SH   SOLE   0 0 2,523
KIMBERLY CLARK CORP. COM 494368103 2,619,402 23,050 SH   SOLE   17,100 0 5,950
KINGFISHER PLC COM 003319521 240,931 71,611 SH   SOLE   0 0 71,611
KNIGHT-SWIFT TRANSPORTATI COM 499049104 53,444 1,550 SH   SOLE   1,550 0 0
KOMATSU LTD COM 006496584 797,176 26,200 SH   SOLE   0 0 26,200
KROGER CO. COM 501044101 1,854,889 63,720 SH   SOLE   47,220 0 16,500
KUEHNE & NAGEL INTL AG-RE COM 00B142S60 414,699 2,605 SH   SOLE   0 0 2,605
L3 TECHNOLOGIES INC COM 502413107 21,262 100 SH   SOLE   100 0 0
LAM RESEARCH COM 512807108 864,690 5,700 SH   SOLE   4,250 0 1,450
LAUDER ESTEE COS. COM 518439104 1,730,761 11,910 SH   SOLE   8,810 0 3,100
LEAR CORP. COM 521865204 1,906,750 13,150 SH   SOLE   9,750 0 3,400
LEGRAND SA COM 00B11ZRK9 473,536 6,494 SH   SOLE   0 0 6,494
LENOVO GROUP LTD COM 006218089 114,036 156,000 SH   SOLE   0 0 156,000
LINDE AG COM 005740817 1,327,274 6,418 SH   SOLE   0 0 6,418
LITTELFUSE INC COM 537008104 98,945 500 SH   SOLE   500 0 0
LOCKHEED MARTIN COM 539830109 2,843,791 8,220 SH   SOLE   6,070 0 2,150
MANPOWER INC. COM 56418H100 197,708 2,300 SH   SOLE   1,700 0 600
MARATHON OIL COM 565849106 1,212,888 52,100 SH   SOLE   38,600 0 13,500
MARATHON PETROLEUM CORP COM 56585A102 1,891,291 23,650 SH   SOLE   17,650 0 6,000
MARKEL CORP. COM 570535104 59,425 50 SH   SOLE   50 0 0
MARKETAXESS HOLDINGS COM 57060D108 169,566 950 SH   SOLE   950 0 0
MARSH & MCLENNON COM 571748102 2,677,646 32,370 SH   SOLE   23,970 0 8,400
MASTERCARD INC. COM 57636Q104 222,610 1,000 SH   SOLE   1,000 0 0
MAXIM INTERGRATED COM 57772K101 1,054,493 18,700 SH   SOLE   13,850 0 4,850
MCDONALDS CORP. COM 580135101 4,740,999 28,340 SH   SOLE   21,040 0 7,300
MCKESSON CORP COM 58155Q103 829,063 6,250 SH   SOLE   4,350 0 1,900
MEDTRONIC INC. COM G5960L103 118,044 1,200 SH   SOLE   0 0 1,200
MERCK & CO. INC. COM 58933Y105 305,042 4,300 SH   SOLE   4,300 0 0
MERCK KGAA COM 004741844 722,064 6,985 SH   SOLE   0 0 6,985
METLIFE INC COM 59156R108 3,239,098 69,330 SH   SOLE   51,330 0 18,000
MFA FINANCIAL INC. COM 55272X102 106,208 14,450 SH   SOLE   14,450 0 0
MICROSOFT CORP. COM 594918104 5,262,164 46,010 SH   SOLE   34,560 0 11,450
MKS INSTRUMENT INC COM 55306N104 96,180 1,200 SH   SOLE   1,200 0 0
MONOLITHIC PWR SYS COM 609839105 156,913 1,250 SH   SOLE   1,250 0 0
MOODYS CORP COM 615369105 501,600 3,000 SH   SOLE   2,200 0 800
MORNINGSTAR INC COM 617700109 100,720 800 SH   SOLE   800 0 0
MOSAIC CO. COM 61945C103 712,936 21,950 SH   SOLE   16,250 0 5,700
MTU AERO ENGINES AG COM 00B09DHL9 1,747,666 7,752 SH   SOLE   0 0 7,752
NASPERS LTD-N SHS COM 006622691 75,907 352 SH   SOLE   0 0 352
NATIONAL BANK HOLD-CL A COM 633707104 360,687 9,580 SH   SOLE   7,080 0 2,500
NATIONAL COMMERCE CORP COM 63546L102 24,780 600 SH   SOLE   600 0 0
NEKTAR THERAPEUTICS COM 640268108 36,576 600 SH   SOLE   600 0 0
NESTLE SA-REG COM 007123870 2,022,465 24,145 SH   SOLE   0 0 24,145
NETEASE COM INC ADR 64110W102 91,300 400 SH   SOLE   0 0 400
NEW ORIENTAL EDUCATIO-SP ADR 647581107 125,817 1,700 SH   SOLE   0 0 1,700
NEWMONT MINING COM 651639106 24,160 800 SH   SOLE   800 0 0
NOBLE ENERGY INC COM 655044105 1,120,657 35,930 SH   SOLE   26,580 0 9,350
NORTHROP GRUMMAN COM 666807102 2,554,829 8,050 SH   SOLE   5,950 0 2,100
NORTHWESTERN CORP COM 668074305 407,687 6,950 SH   SOLE   5,150 0 1,800
NOVOZYMES A/S-B SHARES COM 00B798FW0 1,283,735 23,375 SH   SOLE   0 0 23,375
NTT DOCOMO INC COM 006129277 433,028 16,100 SH   SOLE   0 0 16,100
NVE CORP COM 629445206 111,174 1,050 SH   SOLE   1,050 0 0
NVIDIA CORP COM 67066G104 98,357 350 SH   SOLE   350 0 0
OCCIDENTAL PETRO. COM 674599105 2,912,927 35,450 SH   SOLE   26,550 0 8,900
OLD DOMINION FGHT LINE COM 679580100 193,512 1,200 SH   SOLE   1,200 0 0
OLD REP INTL CORP. COM 680223104 74,973 3,350 SH   SOLE   3,350 0 0
OLLIE'S BARGAIN OUTLET HD COM 681116109 177,785 1,850 SH   SOLE   1,850 0 0
OLYMPUS CORP COM 006658801 222,560 5,700 SH   SOLE   0 0 5,700
ONO PHARMACEUTICAL CO LTD COM 006660107 362,301 12,800 SH   SOLE   0 0 12,800
ORION CORP COM 006896849 14,410 848 SH   SOLE   0 0 848
ORION CORP/REPUBLIC OF KO COM 00BDVLJ72 155,218 1,632 SH   SOLE   0 0 1,632
ORKLA ASA COM 00B1VQF42 360,227 42,662 SH   SOLE   0 0 42,662
OSHKOSH TRUCK CORP COM 688239201 110,422 1,550 SH   SOLE   1,550 0 0
OVERSEA-CHINESE BANKING C COM 00B0F9V20 582,738 69,600 SH   SOLE   0 0 69,600
PACKAGING CORP OF AMERICA COM 695156109 367,462 3,350 SH   SOLE   2,500 0 850
PALO ALTO NETWORKS INC COM 697435105 157,682 700 SH   SOLE   700 0 0
PANALPINA WELTTRANSPORT - COM 00B0KJTG5 491,599 3,358 SH   SOLE   0 0 3,358
PARGESA HOLDING SA-BR COM 00B0CDLF8 899,252 11,140 SH   SOLE   0 0 11,140
PARKER HANNIFIN COM 701094104 671,345 3,650 SH   SOLE   2,650 0 1,000
PARSLEY ENERGY INC COM 701877102 40,950 1,400 SH   SOLE   1,400 0 0
PARTNERS GROUP HOLDING AG COM 00B119QG0 1,356,477 1,702 SH   SOLE   0 0 1,702
PATTERSON ENERGY COM 703481101 664,895 38,860 SH   SOLE   28,760 0 10,100
PAYCOM SOFTWARE INC COM 70432V102 46,623 300 SH   SOLE   300 0 0
PAYPAL HOLDINGS INC COM 70450Y103 35,136 400 SH   SOLE   400 0 0
PEOPLES UNITED FINCL COM 712704105 633,440 37,000 SH   SOLE   27,400 0 9,600
PEPSICO INC. COM 713448108 3,305,926 29,570 SH   SOLE   21,870 0 7,700
PERFORMANCE FOOD GROUP COM 71377A103 154,845 4,650 SH   SOLE   4,650 0 0
PERNOD RICARD SA COM 004682329 787,940 4,801 SH   SOLE   0 0 4,801
PFIZER INC. COM 717081103 68,309 1,550 SH   SOLE   1,550 0 0
PHIBRO ANIMAL HEALTH CORP COM 71742Q106 397,254 9,260 SH   SOLE   7,060 0 2,200
PIONEER NAT RES CO COM 723787107 341,412 1,960 SH   SOLE   1,460 0 500
PLAINS GP HLDS CL A COM 72651A207 1,528,219 62,300 SH   SOLE   47,300 0 15,000
PNC FINCL SVCS COM 693475105 3,772,463 27,700 SH   SOLE   20,500 0 7,200
PNM RES INC COM 69349H107 378,720 9,600 SH   SOLE   7,100 0 2,500
POOL CORP COM 73278L105 100,128 600 SH   SOLE   600 0 0
PORTLAND GENERAL ELECTRIC COM 736508847 1,291,219 28,310 SH   SOLE   22,010 0 6,300
PPG INDUSTRIES COM 693506107 966,892 8,860 SH   SOLE   6,560 0 2,300
PRAXAIR INC. COM 74005P104 403,432 2,510 SH   SOLE   0 0 2,510
PRESTIGE BRANDS HOLDINGS COM 74112D101 930,578 24,560 SH   SOLE   18,460 0 6,100
PRICESMART INC COM 741511109 105,235 1,300 SH   SOLE   1,300 0 0
PROLOGIS TR COM 74340W103 389,793 5,750 SH   SOLE   4,250 0 1,500
PRUDENTIAL FINL INC COM 744320102 3,475,276 34,300 SH   SOLE   25,400 0 8,900
PUBLIC STORAGE INC COM 74460D109 2,623,206 13,010 SH   SOLE   9,610 0 3,400
PUBLIC SVC ENTER. COM 744573106 2,921,927 55,350 SH   SOLE   41,350 0 14,000
RANDSTAD HOLDING NV COM 005228658 319,473 5,982 SH   SOLE   0 0 5,982
RANGE RES CORP COM 75281A109 1,066,972 62,800 SH   SOLE   46,500 0 16,300
RAYONIER INC COM COM 754907103 27,048 800 SH   SOLE   800 0 0
RAYTHEON CO. COM 755111507 206,660 1,000 SH   SOLE   1,000 0 0
RBC BEARINGS INC COM 75524B104 60,144 400 SH   SOLE   400 0 0
RECKITT BENCKISER GROUP P COM 00B24CGK7 836,329 9,141 SH   SOLE   0 0 9,141
RECRUIT HOLDINGS CO LTD COM 00BQRRZ00 1,241,910 37,200 SH   SOLE   0 0 37,200
RED HAT INC COM 756577102 177,164 1,300 SH   SOLE   1,300 0 0
REED ELSEVIER NV COM 004148810 1,187,753 56,513 SH   SOLE   0 0 56,513
REED ELSEVIER PLC COM 00B2B0DG9 1,180,766 56,031 SH   SOLE   0 0 56,031
REGENERON PHARM. COM 75886F107 121,212 300 SH   SOLE   300 0 0
REGIONS FINANCIAL CORP COM 7591EP100 2,904,989 158,310 SH   SOLE   117,210 0 41,100
RIGHTMOVE PLC COM 00BGDT3G2 680,910 110,860 SH   SOLE   0 0 110,860
RINNAI CORP COM 006740582 259,224 3,400 SH   SOLE   0 0 3,400
RLJ LODGING TRUST COM 74965L101 105,744 4,800 SH   SOLE   4,800 0 0
ROCHE HOLDING AG-GENUSSCH COM 007110388 1,475,715 6,063 SH   SOLE   0 0 6,063
ROCKWELL INT'L COM 773903109 1,031,360 5,500 SH   SOLE   4,100 0 1,400
ROYAL BANK OF CANADA COM 002754383 1,221,557 15,250 SH   SOLE   0 0 15,250
ROYAL DUTCH SHELL A ADR 780259206 1,897,699 27,850 SH   SOLE   0 0 27,850
S & T BANCORP INC COM 783859101 30,352 700 SH   SOLE   700 0 0
SALESFORCE COM INC COM 79466L302 278,303 1,750 SH   SOLE   1,750 0 0
SANTEN PHARMACEUTICAL CO COM 006776606 491,535 31,000 SH   SOLE   0 0 31,000
SAP AG COM 004846288 1,688,823 13,717 SH   SOLE   0 0 13,717
SASOL LTD ADR 803866300 834,624 21,600 SH   SOLE   0 0 21,600
SEATTLE GENETICS INC COM 812578102 107,968 1,400 SH   SOLE   1,400 0 0
SEI INVESTMENTS CO. COM 784117103 369,655 6,050 SH   SOLE   4,450 0 1,600
SENIOR HOUSING PROP TRUST COM 81721M109 150,138 8,550 SH   SOLE   8,550 0 0
SHIN-ETSU CHEMICAL CO LTD COM 006804585 1,010,177 11,400 SH   SOLE   0 0 11,400
SHUTTERSTOCK INC COM 825690100 30,019 550 SH   SOLE   550 0 0
SIGNATURE BK NEW YORK COM 82669G104 114,840 1,000 SH   SOLE   1,000 0 0
SIMON PPTY GP COM 828806109 2,829,768 16,010 SH   SOLE   11,810 0 4,200
SLEEP NUMBER CORP. COM 83125X103 34,941 950 SH   SOLE   950 0 0
SMITH & NEPHEW PLC COM 000922320 16,480 903 SH   SOLE   0 0 903
SMITHS GROUP PLC COM 00B1WY233 298,830 15,323 SH   SOLE   0 0 15,323
SODEXO COM 007062713 363,681 3,428 SH   SOLE   0 0 3,428
SONY FINANCIAL HOLDINGS I COM 00B249SN5 1,221,302 55,400 SH   SOLE   0 0 55,400
SOUTHWEST AIRLINES COM 844741108 43,715 700 SH   SOLE   700 0 0
SPIRE INC COM 84857L101 397,170 5,400 SH   SOLE   4,000 0 1,400
STAG INDUSTRIAL INC COM 85254J102 67,375 2,450 SH   SOLE   2,450 0 0
STANDARD CHARTERED PLC COM 000408284 13,959 1,682 SH   SOLE   0 0 1,682
STANLEY ELECTRIC CO LTD COM 006841106 1,015,843 29,700 SH   SOLE   0 0 29,700
STARBUCKS CORP COM 855244109 221,676 3,900 SH   SOLE   3,900 0 0
STEEL DYNAMICS INC COM 858119100 29,374 650 SH   SOLE   650 0 0
STRYKER CORP. COM 863667101 488,620 2,750 SH   SOLE   2,050 0 700
SUMITOMO METAL MINING CO COM 006858849 456,205 13,000 SH   SOLE   0 0 13,000
SUNCOR ENERGY INC COM 00B3NB1P2 143,065 3,700 SH   SOLE   0 0 3,700
SUNCOR ENERGY INC COM 867224107 1,141,355 29,500 SH   SOLE   0 0 29,500
SVB FINANCIAL GP COM 78486Q101 93,249 300 SH   SOLE   300 0 0
SWEDBANK AB - A SHARES COM 004846523 424,414 17,133 SH   SOLE   0 0 17,133
SYNCHRONY FINANCIAL COM 87165B103 1,843,044 59,300 SH   SOLE   43,900 0 15,400
SYSCO COM 871829107 2,155,015 29,420 SH   SOLE   21,770 0 7,650
T ROWE PRICE GP COM 74144T108 346,101 3,170 SH   SOLE   2,370 0 800
TAIWAN SEMICONDUCTOR ADR 874039100 128,064 2,900 SH   SOLE   0 0 2,900
TAPESTRY INC. COM 876030107 522,808 10,400 SH   SOLE   7,700 0 2,700
TE CONNECTIVITY LTD COM H84989104 1,323,347 15,050 SH   SOLE   0 0 15,050
TELEFONICA BRASIL-ADR ADR 87936R106 167,356 17,200 SH   SOLE   0 0 17,200
TERADYNE INC. COM 880770102 25,886 700 SH   SOLE   700 0 0
TERUMO CORP COM 006885074 408,830 6,900 SH   SOLE   0 0 6,900
TESLA MOTORS COM 88160R101 145,624 550 SH   SOLE   550 0 0
TEXAS INSTRS INC. COM 882508104 3,310,969 30,860 SH   SOLE   22,810 0 8,050
TEXAS ROADHOUSE INC COM 882681109 190,548 2,750 SH   SOLE   2,750 0 0
TJX COMPANIES INC. COM 872540109 1,384,567 12,360 SH   SOLE   9,160 0 3,200
TOKYO ELECTRON LTD COM 006895675 1,264,357 9,200 SH   SOLE   0 0 9,200
TORONTO-DOMINION BANK COM 002897222 1,263,030 20,800 SH   SOLE   0 0 20,800
TRANSDIGM GROUP COM 893641100 223,380 600 SH   SOLE   600 0 0
TRAVELERS COMPANIES COM 89417E109 168,623 1,300 SH   SOLE   1,300 0 0
TTM TECHNOLOGIES INC COM 87305R109 22,274 1,400 SH   SOLE   1,400 0 0
TWITTER INC COM 90184L102 91,072 3,200 SH   SOLE   3,200 0 0
TYSON FOOD CL A COM 902494103 2,044,856 34,350 SH   SOLE   25,450 0 8,900
UCB SA COM 005596991 547,132 6,086 SH   SOLE   0 0 6,086
UNILEVER PLC COM 00B10RZP7 280,117 5,095 SH   SOLE   0 0 5,095
UNILEVER PLC ADR 904767704 1,492,436 27,150 SH   SOLE   0 0 27,150
UNION PACIFIC CORP. COM 907818108 3,020,497 18,550 SH   SOLE   13,750 0 4,800
UNITED CONTINENTAL HDGS COM 910047109 489,830 5,500 SH   SOLE   4,100 0 1,400
UNITED HEALTHCARE COM 91324P102 3,724,560 14,000 SH   SOLE   10,500 0 3,500
UNITED OVERSEAS BANK LTD COM 006916781 1,157,443 58,400 SH   SOLE   0 0 58,400
UNITED OVERSEAS BANK-SP A ADR 911271302 1,428,271 36,200 SH   SOLE   0 0 36,200
UNITED PARCEL SERVICE COM 911312106 1,280,748 10,970 SH   SOLE   8,120 0 2,850
UNITED RENTALS COM 911363109 49,080 300 SH   SOLE   300 0 0
UNUMPROVIDENT COM 91529Y106 1,153,346 29,520 SH   SOLE   21,870 0 7,650
US ECOLOGY INC COM 91732J102 36,875 500 SH   SOLE   500 0 0
V F CORP. COM 918204108 2,939,003 31,450 SH   SOLE   23,250 0 8,200
VALERO ENERGY NEW COM 91913Y100 2,749,338 24,170 SH   SOLE   17,870 0 6,300
VEEVA SYSTEMS INC. CL A COM 922475108 125,201 1,150 SH   SOLE   1,150 0 0
VEONEER INC. COM 00BF2JMM5 169,317 3,073 SH   SOLE   0 0 3,073
VERISK ANALYTICS INC COM 92345Y106 84,385 700 SH   SOLE   700 0 0
VERMILION ENERGY INC COM 00B607XS1 623,946 18,950 SH   SOLE   0 0 18,950
VERSO CORP - A COM 92531L207 70,707 2,100 SH   SOLE   2,100 0 0
VESUVIUS PLC COM 00B82YXW8 686,450 81,549 SH   SOLE   0 0 81,549
VIPSHOP HOLDINGS LTD - AD ADR 92763W103 38,688 6,200 SH   SOLE   0 0 6,200
VISA INC COM 92826C839 2,793,175 18,610 SH   SOLE   13,810 0 4,800
VOPAK COM 005809428 460,061 9,333 SH   SOLE   0 0 9,333
VOYA FINANCIAL INC. COM 929089100 1,327,182 26,720 SH   SOLE   20,020 0 6,700
VULCAN MATLS COM 929160109 1,079,752 9,710 SH   SOLE   7,610 0 2,100
WAGEWORKS INC COM 930427109 36,338 850 SH   SOLE   850 0 0
WASTE MGMT INC DEL. COM 94106L109 381,319 4,220 SH   SOLE   3,120 0 1,100
WATERS CORP. COM 941848103 77,872 400 SH   SOLE   400 0 0
WD-40 CO COM 929236107 34,420 200 SH   SOLE   200 0 0
WELLCARE HEALTH PLANS COM 94946T106 176,270 550 SH   SOLE   550 0 0
WELLS FARGO & CO COM 949746101 42,048 800 SH   SOLE   800 0 0
WESTERN ALLIANCE BANCO COM 957638109 54,046 950 SH   SOLE   950 0 0
WESTERN DIGITAL CORP COM 958102105 845,903 14,450 SH   SOLE   10,650 0 3,800
WH SMITH PLC COM 00B2PDGW1 540,748 20,110 SH   SOLE   0 0 20,110
WIRECARD AG COM 007508927 2,581,189 11,903 SH   SOLE   0 0 11,903
WOOD GROUP (JOHN) PLC COM 00B5N0P84 971,843 96,585 SH   SOLE   0 0 96,585
WORKDAY INC-CL. A COM 98138H101 87,588 600 SH   SOLE   600 0 0
WPP PLC COM 00B8KF9B4 707,569 48,252 SH   SOLE   0 0 48,252
WSFS FINL CORP COM 929328102 75,440 1,600 SH   SOLE   1,600 0 0
XPO LOGISTICS INC COM 983793100 62,794 550 SH   SOLE   550 0 0
XYLEM INC COM 98419M100 187,695 2,350 SH   SOLE   2,350 0 0
YAHOO JAPAN CORP COM 006084848 334,517 92,900 SH   SOLE   0 0 92,900
ZIMMER BIOMET HOLDINGS COM 98956P102 428,592 3,260 SH   SOLE   2,410 0 850
ZION BANCORP COM 989701107 25,075 500 SH   SOLE   500 0 0
ZOETIS INC COM 98978V103 2,905,175 31,730 SH   SOLE   23,930 0 7,800