SEC Filing | Westwood Holdings Group, Inc.

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SEC FORM 13F-HR

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 COVER PAGE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

Report for the Calendar Year or Quarter Ended:

12-31-2018

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	WESTWOOD HOLDINGS GROUP INC
Address:	200 CRESCENT COURT
	SUITE 1200
	DALLAS, TX 75201
Form 13F File Number:	028-15581

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:	Murray Forbes III
Title:	CFO
Phone:	214-756-6900
Signature, Place, and Date of Signing:
Murray Forbes III		Dallas, TX	02-14-2019
[Signature]		[City, State]	[Date]

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:	3
	Form 13F Information Table Entry Total:	398
	Form 13F Information Table Value Total:	8,757,854
		(thousands)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
	No.	Form 13F File Number	Name
	2		WESTWOOD MANAGEMENT CORP /TX
	3		WESTWOOD INTERNATIONAL ADVISORS INC.
	4		WESTWOOD TRUST

SEC FORM 13-F Information Table

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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	6,281	32,961	SH		DFND	4	32,961	0	0
Abbott Labs	COM	002824100	182,576	2,524,203	SH		DFND	2,4	2,486,041	18,787	19,375
Abbvie Inc	COM	00287Y109	807	8,756	SH		DFND	4	8,756	0	0
Accenture Plc Ireland	SHS CLASS A	G1151C101	3,083	21,870	SH		DFND	2,4	20,241	1,629	0
Adobe Inc	COM	00724F101	879	3,887	SH		DFND	4	3,887	0	0
Advance Auto Parts Inc	COM	00751Y106	2,423	15,390	SH		DFND	2	15,390	0	0
Alamo Group Inc.	COM	011311107	13,664	176,714	SH		DFND	2	176,714	0	0
Alaska Air Group Inc	COM	011659109	12,880	211,665	SH		DFND	2,4	200,865	10,800	0
Albany Intl Corp	CL A	012348108	42,606	682,447	SH		DFND	2,4	666,543	15,904	0
Albemarle Corp	COM	012653101	32,657	423,728	SH		DFND	2,4	409,006	14,022	700
Alexandria Real Estate Eq In	COM	015271109	88,782	770,412	SH		DFND	2,4	769,688	0	724
Alibaba Group Hldg Ltd	SPONSORED ADS	01609W102	1,279	9,329	SH		DFND	4	9,329	0	0
Allete Inc	COM	018522300	1,524	20,000	SH		DFND	2	20,000	0	0
Alliant Energy Corp	COM	018802108	25,525	604,135	SH		DFND	2	567,055	37,080	0
Alphabet Inc	CAP STK CL C	02079K107	6,315	6,098	SH		DFND	4	6,098	0	0
Alphabet Inc	CAP STK CL A	02079K305	73,739	70,567	SH		DFND	2,4	68,112	1,207	1,248
Altria Group Inc	COM	02209S103	3,311	67,028	SH		DFND	4	67,028	0	0
Amazon Com Inc	COM	023135106	25,938	17,269	SH		DFND	4	17,269	0	0
Amdocs Ltd	SHS	G02602103	22,931	391,450	SH		DFND	2,4	372,585	17,429	1,436
American Campus Communities	COM	024835100	788	19,050	SH		DFND	2	19,050	0	0
American Express Co	COM	025816109	1,023	10,731	SH		DFND	4	10,731	0	0
American Finl Group Inc Ohio	COM	025932104	1,178	13,011	SH		DFND	2	13,011	0	0
American Homes 4 Rent	CL A	02665T306	23,811	1,199,552	SH		DFND	2,4	1,199,552	0	0
American Tower Corp	COM	03027X100	1,951	12,335	SH		DFND	2	12,335	0	0
American Wtr Wks Co Inc	COM	030420103	1,172	12,917	SH		DFND	2	12,917	0	0
Americold Realty Trust	COM	03064D108	36,379	1,424,383	SH		DFND	2,4	1,398,877	25,506	0
Amgen Inc	COM	031162100	1,773	9,109	SH		DFND	4	9,109	0	0
Amphenol Corp	COM	032095101	6,090	75,171	SH		DFND	2	75,171	0	0
Anadarko Pete Corp	COM	032511107	4	100	SH		DFND	2	0	0	100
Andeavor Logistics LP	COM UNIT	03350F106	9,181	282,569	SH		DFND	2	282,569	0	0
Anheuser Busch Cos Inc	SPONSORED ADR	03524A108	3	39	SH		DFND	2	39	0	0
Antero Midstream GP LP	COM	03675Y103	2,701	241,574	SH		DFND	2	241,574	0	0
Antero Midstream Partners LP	COM	03673L103	3,814	178,319	SH		DFND	2	178,319	0	0
Anthem Inc	COM	036752103	341	1,300	SH		DFND	2	1,300	0	0
Apogee Enterprises Inc	COM	037598109	11,259	377,191	SH		DFND	2	377,191	0	0
Apple Inc	COM	037833100	92,343	585,419	SH		DFND	2,3,4	576,267	2,132	7,020
Ares Capital Corp	COM	04010L103	129	8,300	SH		DFND	2	8,300	0	0
Arthur J Gallagher & Co	COM	363576109	94,625	1,283,932	SH		DFND	2,4	1,237,909	27,488	18,535
Assurant Inc	COM	04621X207	21	217	SH		DFND	2	217	0	0
AT&T Inc	COM	00206R102	138,334	4,847,003	SH		DFND	2,4	4,753,213	51,115	42,675
Autodesk Inc	COM	052769106	1,227	9,541	SH		DFND	4	9,541	0	0
Automatic Data Processing In	COM	053015103	1,260	9,610	SH		DFND	2,4	9,610	0	0
Avalonbay Cmntys Inc	COM	053484101	1,550	8,907	SH		DFND	2	8,907	0	0
Avnet Inc	COM	053807103	3,494	96,800	SH		DFND	2	96,800	0	0
Banco Bilbao Vizcaya Argenta	SPONSORED ADR	05946K101	105	19,841	SH		DFND	4	19,841	0	0
Banco De Chile-Adr	ADR	059520106	4,382	153,223	SH		DFND	3	153,223	0	0
Bancorpsouth Bank	COM	05971J102	1,062	40,640	SH		DFND	2	40,640	0	0
Bank Amer Corp	COM	060505104	215,861	8,760,622	SH		DFND	2,4	8,601,987	74,160	84,475
BB&T Corp	COM	054937107	45,418	1,048,444	SH		DFND	2,4	1,048,444	0	0
BDX 6.125 05/01/20 Pfd	PFD SHS CONV A	075887208	37,624	651,953	SH		DFND	2	651,953	0	0
Becton Dickinson & Co	COM	075887109	157,409	698,602	SH		DFND	2,4	684,572	7,014	7,016
Berkshire Hathaway Inc Del	CL B NEW	084670702	1,481	7,255	SH		DFND	4	7,255	0	0
Bershire Hills Bancorp	COM	084680107	21,352	791,688	SH		DFND	2	791,688	0	0
Biomarin Pharmaceutical Inc	COM	09061G101	1,622	19,053	SH		DFND	4	19,053	0	0
BJ'S Wholesale Club Holdings	COM	05550J101	14,956	674,931	SH		DFND	2	674,931	0	0
Bloomin' Brands Inc	COM	094235108	34,078	1,904,849	SH		DFND	2	1,880,163	24,686	0
Boeing Co	COM	097023105	65,525	203,178	SH		DFND	2,4	197,423	3,035	2,720
BOK Finl Corp	COM NEW	05561Q201	282	3,844	SH		DFND	4	3,844	0	0
Booz Allen Hamilton Hldg Cor	CL A	099502106	102,381	2,271,612	SH		DFND	2,4	2,211,670	28,673	31,269
Boston Properties Inc	COM	101121101	79,434	705,766	SH		DFND	2	705,766	0	0
Braemar Hotels & Resorts	COM	10482B200	63	3,700	SH		DFND	2	3,700	0	0
Brandywine Rlty Tr Sh Ben Int	SHS BEN INT	105368203	17,397	1,351,784	SH		DFND	2	1,351,784	0	0
Bristol Myers Squibb Co	COM	110122108	775	14,900	SH		DFND	4	14,900	0	0
Broadcom Inc	COM	11135F101	640	2,518	SH		DFND	4	2,518	0	0
Broadridge Finl Solutions Inc	COM	11133T103	3,112	32,335	SH		DFND	2	32,335	0	0
Brooks Automation Inc	COM	114340102	18,083	690,716	SH		DFND	2	690,716	0	0
Buckeye Partners L P Unit Ltd	COM	118230101	5,693	196,381	SH		DFND	2	196,381	0	0
Burlington Stores Inc	COM	122017106	2,744	16,870	SH		DFND	2	16,870	0	0
Cable One Inc	COM	12685J105	17,100	20,850	SH		DFND	2,4	20,154	696	0
Cabot Oil & Gas Corp	COM	127097103	2,148	96,095	SH		DFND	2,4	96,095	0	0
Callon Pete Co Del	COM	13123X102	23,766	3,661,943	SH		DFND	2,4	3,661,943	0	0
Camden Ppty Tr Sh Ben Int	SHS BEN INT	133131102	610	6,923	SH		DFND	2	6,923	0	0
Carter'S Inc	COM	146229109	9,684	118,643	SH		DFND	2	112,401	6,242	0
Centerpoint Energy Inc	COM	15189T503	36,311	721,750	SH		DFND	2	721,750	0	0
Centennial Resource Dev Inc	CL A	15136A102	19,512	1,770,630	SH		DFND	2,4	1,690,049	75,551	5,030
Cerner Corp	COM	156782104	634	12,091	SH		DFND	4	12,091	0	0
Chemical Finl Corp	COM	163731102	27,781	758,825	SH		DFND	2,4	727,710	29,865	1,250
Cheniere Energy Inc	COM NEW	16411R208	1,103	18,640	SH		DFND	4	18,640	0	0
Chesapeake Energy Corp	COM	165167107	16,533	7,872,567	SH		DFND	4	7,872,567	0	0
Chevron Corp	COM	166764100	62,211	571,843	SH		DFND	2,4	559,195	7,903	4,745
Children'S Place Inc/The	COM	168905107	28,100	311,915	SH		DFND	2	305,951	5,964	0
Chubb Limited	COM	H1467J104	166,736	1,290,726	SH		DFND	2,4	1,271,096	9,870	9,760
Cisco Sys Inc	COM	17275R102	1,869	43,124	SH		DFND	2,4	43,124	0	0
CMS Energy Corp	COM	125896100	73,535	1,481,070	SH		DFND	2,4	1,429,436	27,764	23,870
CNX Midstream Partners LP	COM	12654A101	7,310	449,015	SH		DFND	2	449,015	0	0
CNX Resources Corp	COM	12653C108	287	25,165	SH		DFND	2	25,165	0	0
Coca Cola Co	COM	191216100	1,680	35,489	SH		DFND	4	35,489	0	0
Coherent Inc	COM	192479103	7,476	70,718	SH		DFND	2	67,393	3,325	0
Colgate Palmolive Co	COM	194162103	74,626	1,253,796	SH		DFND	2,4	1,212,788	19,513	21,495
Columbia Bkg Sys Inc	COM	197236102	24,329	670,400	SH		DFND	2	670,400	0	0
Columbia Ppty Tr Inc	COM	198287203	12,885	665,889	SH		DFND	2	665,889	0	0
Columbia Sportswear Co	COM	198516106	13,314	158,328	SH		DFND	2	149,762	8,566	0
Columbus Mckinnon Corp/Ny	COM	199333105	12,960	429,999	SH		DFND	2	429,999	0	0
Comcast Corp	CL A	20030N101	15,486	454,785	SH		DFND	2,4	454,785	0	0
Comfort Systems Usa Inc	COM	199908104	25,285	578,867	SH		DFND	2	578,867	0	0
Conmed Corp	COM	207410101	25,153	391,787	SH		DFND	2	391,787	0	0
Conocophillips	COM	20825C104	371	5,951	SH		DFND	4	5,951	0	0
Constellation Brands Inc	CL A	21036P108	1,931	12,007	SH		DFND	2,4	12,007	0	0
Continental Bldg Prods Inc	COM	211171103	23,901	939,135	SH		DFND	2	939,135	0	0
Cooper Cos Inc	COM NEW	216648402	21,926	86,155	SH		DFND	2,4	81,871	4,284	0
Corning Inc	COM	219350105	2,883	95,410	SH		DFND	2,4	88,290	7,120	0
Costco Whsl Corp	COM	22160K105	824	4,045	SH		DFND	4	4,045	0	0
Credicorp Ltd	COM	G2519Y108	45,730	206,296	SH		DFND	3	138,000	0	68,296
Crown Castle Intl Corp	COM	22822V101	122,392	1,126,695	SH		DFND	2,4	1,114,570	0	12,125
CSX Corp	COM	126408103	476	7,661	SH		DFND	4	7,661	0	0
Cubesmart	COM	229663109	748	26,077	SH		DFND	2	26,077	0	0
Curtiss Wright Corp	COM	231561101	16,173	158,371	SH		DFND	2	153,509	4,862	0
CVS Health Corp	COM	126650100	136,082	2,076,964	SH		DFND	2,4	2,033,473	11,711	31,780
Cyrusone Inc	COM	23283R100	1,866	35,295	SH		DFND	2	35,295	0	0
DCP Midstream Partners LP	COM UT LTD PTN	23311P100	4,691	177,083	SH		DFND	2	177,083	0	0
Deere & Co	COM	244199105	680	4,560	SH		DFND	2,4	4,460	0	100
Dentsply Sirona Inc	COM	24906P109	2,969	79,800	SH		DFND	2	79,800	0	0
Diamondback Energy Inc	COM	25278X109	60,631	654,051	SH		DFND	2,4	642,733	6,097	5,221
Dominion Energy Inc	COM	25746U109	342	4,790	SH		DFND	2	4,790	0	0
Douglas Dynamics Inc	COM	25960R105	22,676	631,816	SH		DFND	2	631,816	0	0
DowDuPont Inc	COM	26078J100	1,419	26,530	SH		DFND	4	26,530	0	0
DTE Energy Co	COM	233331883	34,866	668,828	SH		DFND	2	668,828	0	0
DTE Energy Co	COM	233331107	86,901	787,857	SH		DFND	2,4	770,035	7,107	10,715
Eagle Materials Inc	COM	26969P108	24,886	407,764	SH		DFND	2,4	392,431	14,527	806
East West Bancorp Inc	COM	27579R104	2,346	53,900	SH		DFND	2	53,900	0	0
Easterly Government Properties	COM	27616P103	23,630	1,507,001	SH		DFND	2	1,507,001	0	0
Eaton Corp Plc Shs	COM	G29183103	2,386	34,750	SH		DFND	2	34,750	0	0
Eldorado Resorts Inc	COM	28470R102	1,451	40,083	SH		DFND	2	40,083	0	0
Empire St Rlty Tr	LTD PTNRSHP	292104106	740	51,975	SH		DFND	2	51,975	0	0
Employers Holdings Inc	COM	292218104	12,224	291,266	SH		DFND	2	291,266	0	0
Enable Midstream Partners LP	LP COM UNIT	292480100	7,574	559,768	SH		DFND	2	559,768	0	0
Enbridge Inc	COM	29250N105	6,857	220,624	SH		DFND	2	220,624	0	0
Energizer Holdings Inc.	COM	29272W109	2,191	48,530	SH		DFND	2	48,530	0	0
Energy Transfer LP	COM	29273V100	30,715	2,325,160	SH		DFND	2	2,325,160	0	0
Enerplus Corp	COM	292766102	346	44,600	SH		DFND	4	44,600	0	0
Enersis Americas-Spons Adr	SPONSORED ADR	29274F104	4,852	543,963	SH		DFND	3	543,963	0	0
Enlink Midstream Llc Com Unit	COM	29336T100	108	11,360	SH		DFND	2	11,360	0	0
Enterprise Prods Partners L P	COM	293792107	91,074	3,703,711	SH		DFND	2	3,703,711	0	0
EOG Res Inc	COM	26875P101	88,562	1,015,510	SH		DFND	2,4	994,501	14,434	6,575
EQT Corp	COM	26884L109	176	9,330	SH		DFND	2	9,330	0	0
Eqt Midstream Partners LP	LP UNIT	26885B100	11,290	261,033	SH		DFND	2	261,033	0	0
Equitrans Midstream Corp	COM	294600101	149	7,464	SH		DFND	2	7,464	0	0
Equity Residential Sh Ben Int	SHS BEN INT	29476L107	804	12,185	SH		DFND	2	12,185	0	0
Everest Re Group Ltd	COM	G3223R108	24,660	113,243	SH		DFND	2	109,035	4,208	0
Expeditors Intl Wash Inc	COM	302130109	3,186	46,789	SH		DFND	4	46,789	0	0
Exxon Mobil Corp	COM	30231G102	11,318	165,977	SH		DFND	4	165,927	50	0
Facebook Inc	CL A	30303M102	1,471	11,218	SH		DFND	2,4	11,218	0	0
Factset Resh Sys Inc	COM	303075105	1,461	7,300	SH		DFND	4	7,300	0	0
Fedex Corp	COM	31428X106	115,188	713,989	SH		DFND	2,4	702,284	4,195	7,510
First Hawaiian	COM	32051X108	11,344	503,959	SH		DFND	2	485,026	18,933	0
First Rep Bk San Francisco Cal	COM	33616C100	560	6,445	SH		DFND	2	6,445	0	0
Flir Sys Inc	COM	302445101	15,099	346,787	SH		DFND	2	335,570	11,217	0
Flowers Foods Inc	COM	343498101	2,418	130,890	SH		DFND	2	130,890	0	0
Fomento Economico Mexicano Sab	SPONS ADR	344419106	23,330	271,125	SH		DFND	3	207,290	0	63,835
Gaslog Partners LP	COM	Y2687W108	278	14,050	SH		DFND	2	14,050	0	0
General Dynamics Corp	COM	369550108	126,234	802,965	SH		DFND	2,4	793,588	4,487	4,890
General Electric Co	COM	369604103	102	13,450	SH		DFND	4	13,450	0	0
General Mls Inc	COM	370334104	64,369	1,653,013	SH		DFND	2	1,601,562	19,996	31,455
General Mtrs Co	COM	37045V100	680	20,340	SH		DFND	4	20,340	0	0
Genpact Limited Shs	COM	G3922B107	11,192	414,668	SH		DFND	2	396,976	17,692	0
Gentherm Inc	COM	37253A103	11,901	297,686	SH		DFND	2	297,686	0	0
Genuine Parts Co	COM	372460105	4,791	49,900	SH		DFND	2	49,900	0	0
Glacier Bancorp Inc	COM	37637Q105	12,081	304,933	SH		DFND	2	304,933	0	0
Global Pmts Inc	COM	37940X102	3,738	36,247	SH		DFND	4	36,247	0	0
Graco Inc	COM	384109104	2,321	55,452	SH		DFND	2	55,452	0	0
Grainger W W Inc	COM	384802104	565	2,000	SH		DFND	2	0	0	2,000
Great Westn Bancorp Inc	COM	391416104	21,641	692,508	SH		DFND	2	692,508	0	0
Halliburton Co	COM	406216101	28,702	1,079,840	SH		DFND	2,4	1,070,140	0	9,700
Hanmi Financial Corporation	COM	410495204	19,410	985,260	SH		DFND	2	985,260	0	0
Hasbro Inc	COM	418056107	203	2,500	SH		DFND	2	0	0	2,500
HCP Inc	COM	40414L109	1,532	54,855	SH		DFND	2	54,855	0	0
HDFC Bank Ltd	COM	40415F101	8,928	86,185	SH		DFND	3	86,185	0	0
Helen Of Troy Corp Ltd	COM	G4388N106	2,124	16,189	SH		DFND	2	16,189	0	0
Heritage Commerce Corp	COM	426927109	10,001	881,924	SH		DFND	2	881,924	0	0
Hilltop Holdings Inc	COM	432748101	1,332	74,674	SH		DFND	4	74,674	0	0
Home Bancshares Inc	COM	436893200	18,302	1,120,098	SH		DFND	2	1,074,567	45,531	0
Home Depot Inc	COM	437076102	191,044	1,111,882	SH		DFND	2,4	1,095,892	7,370	8,620
Honeywell Intl Inc	COM	438516106	202,499	1,532,697	SH		DFND	2,4	1,514,819	9,248	8,630
Hormel Foods Corp	COM	440452100	84,285	1,974,813	SH		DFND	2,4	1,922,317	22,800	29,696
Host Hotels & Resorts Inc	COM	44107P104	682	40,883	SH		DFND	2	40,883	0	0
Hostess Brands Inc	COM	44109J106	23,364	2,135,669	SH		DFND	2,4	2,135,669	0	0
Houlihan Lokey Inc	CL A	441593100	30,632	832,389	SH		DFND	2,4	806,758	25,631	0
Howard Hughes Corp	COM	44267D107	592	6,065	SH		DFND	4	6,065	0	0
Hubbell Inc	COM	443510607	24,439	246,017	SH		DFND	2	236,019	9,998	0
Hudson Pac Pptys	COM	444097109	24,592	846,268	SH		DFND	2,4	846,268	0	0
Huntington Ingalls Inds Inc	COM	446413106	22,224	116,774	SH		DFND	2,4	109,744	7,030	0
Idacorp Inc	COM	451107106	22,806	245,071	SH		DFND	2	230,369	14,702	0
Illinois Tool Wks Inc	COM	452308109	360	2,841	SH		DFND	2	2,841	0	0
Independent Bk Group Inc	COM	45384B106	1,078	23,542	SH		DFND	4	23,542	0	0
Ingersoll-Rand Plc	SHS	G47791101	2,538	27,818	SH		DFND	2,4	27,818	0	0
Innospec Inc	COM	45768S105	24,015	388,840	SH		DFND	2	388,840	0	0
Installed Bldg Prods Inc	COM	45780R101	36,426	1,081,210	SH		DFND	2,4	1,067,101	14,109	0
Intel Corp	COM	458140100	808	17,207	SH		DFND	4	17,207	0	0
Intercontinental Exchange In	COM	45866F104	82,640	1,097,025	SH		DFND	2,4	1,066,271	12,404	18,350
Interface Inc	COM	458665304	33,173	2,327,865	SH		DFND	2,4	2,311,031	16,834	0
Interxion Holding Nv	COM	N47279109	1,156	21,340	SH		DFND	2	21,340	0	0
Invesco Powershares Capital Mg	ETF	46137R109	10,054	415,964	SH		DFND	3	415,964	0	0
Invesco Senior Loan Etf	ETF	46138G508	717	32,900	SH		DFND	2	32,900	0	0
Iron Mtn Inc	COM	46284V101	392	12,080	SH		DFND	2	12,080	0	0
Ishares India 50 Etf	INDIA 50 ETF	464289529	17,854	505,498	SH		DFND	3	505,498	0	0
Ishares Intl Dev Re Etf	DEV RE ETF	464288489	23	843	SH		DFND	2	843	0	0
Ishares Msci India Etf	INDIA ETF	46429B598	57,427	1,722,458	SH		DFND	3	1,722,458	0	0
Ishares Msci Japan Etf	JAPAN ETF	46434G822	3,977	78,465	SH		DFND	3	78,465	0	0
Ishares Tr	CORE S&P500 ETF	464287200	14,468	57,501	SH		DFND	4	57,412	0	89
Ishares Tr	CORE US AGGBD ETF	464287226	2,267	21,290	SH		DFND	4	21,290	0	0
Ishares Tr	S&P 500 VAL ETF	464287408	962	9,507	SH		DFND	4	9,507	0	0
Ishares Tr	CORE S&P MCP ETF	464287507	6,464	38,927	SH		DFND	4	38,794	0	133
Ishares Tr	RUS 1000 VAL ETF	464287598	475	4,274	SH		DFND	4	4,274	0	0
Ishares Tr	RUS 1000 GRW ETF	464287614	2,560	19,555	SH		DFND	4	19,555	0	0
Ishares Tr	RUSSELL 2000 ETF	464287655	797	5,950	SH		DFND	4	5,950	0	0
Ishares Tr	CORE S&P US VLU	464287663	2,903	59,126	SH		DFND	4	59,126	0	0
Ishares Tr	CORE S&P US GWT	464287671	16,788	318,554	SH		DFND	4	318,554	0	0
Ishares Tr	CORE S&P SCP ETF	464287804	1,593	22,974	SH		DFND	4	22,583	0	391
Ishares Tr	CORE MSCI EAFE	46432F842	2,431	44,199	SH		DFND	4	44,199	0	0
Ishares Tr	0-5YR HI YL CP	46434V407	22,897	513,967	SH		DFND	4	38,466	0	475,501
Ishares Tr	MSCI EAFE ETF	464287465	15,661	266,433	SH		DFND	3,4	266,433	0	0
ITT Inc	COM	45073V108	5	100	SH		DFND	2	0	0	100
J & J Snack Foods Corp	COM	466032109	43,878	303,462	SH		DFND	2,4	295,250	7,578	634
Jagged Peak Energy Inc	COM	47009K107	17,402	1,908,099	SH		DFND	2	1,908,099	0	0
Jernigan Capital Inc	COM	476405105	390	19,656	SH		DFND	2	19,656	0	0
Johnson & Johnson	COM	478160104	203,267	1,575,100	SH		DFND	2,4	1,546,312	14,068	14,720
JPMorgan Chase & Co	COM	46625H100	193,734	1,984,579	SH		DFND	2,4	1,942,854	20,739	20,986
Kaman Corp	COM	483548103	24,995	445,616	SH		DFND	2	445,616	0	0
Kinder Morgan Inc Del	COM	49456B101	12,730	827,720	SH		DFND	2	827,720	0	0
Kirby Corp	COM	497266106	340	5,051	SH		DFND	4	5,051	0	0
Kla-Tencor Corp	COM	482480100	5,172	57,795	SH		DFND	2	57,795	0	0
Knoll Inc	COM	498904200	23,812	1,444,904	SH		DFND	2	1,444,904	0	0
Lam Research Corp	COM	512807108	32,614	239,506	SH		DFND	2,4	233,020	2,663	3,823
Legacy Tex Finl Group Inc	COM	52471Y106	21,325	664,548	SH		DFND	2	664,548	0	0
Leidos Holdings Inc	COM	525327102	111	2,100	SH		DFND	2	2,100	0	0
Liberty Property Trust	SHS BEN INT	531172104	377	9,000	SH		DFND	2	9,000	0	0
Lilly Eli & Co	COM	532457108	419	3,617	SH		DFND	4	3,617	0	0
Littelfuse Inc	COM	537008104	41,578	242,467	SH		DFND	2,4	236,406	6,061	0
Lloyds Banking Group	COM	539439109	2	941	SH		DFND	2	941	0	0
Lydall Inc	COM	550819106	11,536	568,011	SH		DFND	2	568,011	0	0
Macquarie Infrastructure Corp.	COM	55608B105	114	3,125	SH		DFND	2	3,125	0	0
Magellan Midstream Prtnrs LP	COM	559080106	60,335	1,057,394	SH		DFND	2	1,057,394	0	0
Main Street Capital Corp	COM	56035L104	122	3,600	SH		DFND	2	3,600	0	0
Marathon Oil Corp	COM	565849106	234	16,353	SH		DFND	2,4	16,053	0	300
Marathon Pete Corp	COM	56585A102	2,591	43,916	SH		DFND	2	43,816	0	100
Marcus Corp	COM	566330106	21,405	541,889	SH		DFND	2	541,889	0	0
Markel Corp	COM	570535104	2,546	2,453	SH		DFND	2,4	2,453	0	0
Marriott International -Cl A	COM	571903202	9	80	SH		DFND	2	0	0	80
Matador Res Co	COM	576485205	1,480	95,300	SH		DFND	4	95,300	0	0
Maxim Integrated Products, Inc	COM	57772K101	5,430	106,785	SH		DFND	2	106,785	0	0
Mccormick & Co Inc	COM	579780206	8,030	57,668	SH		DFND	2	57,668	0	0
McDonalds Corp	COM	580135101	4,275	24,075	SH		DFND	2,4	22,567	1,508	0
Medtronic Plc	COM	G5960L103	92,863	1,020,919	SH		DFND	2,4	983,245	18,604	19,070
Merck & Co Inc	COM	58933Y105	1,767	23,134	SH		DFND	4	23,134	0	0
Mercury Genl Corp	COM	589400100	39,619	766,166	SH		DFND	2,4	737,322	28,844	0
Methanex Corp	COM	59151K108	1,156	24,000	SH		DFND	4	24,000	0	0
Methode Electronics Inc	COM	591520200	11,777	505,663	SH		DFND	2	505,663	0	0
Microsoft Corp	COM	594918104	129,500	1,274,983	SH		DFND	2,4	1,252,758	9,025	13,200
Mid-Amer Apt Cmntys Inc	COM	59522J103	813	8,491	SH		DFND	2	8,491	0	0
Middleby Corp	COM	596278101	12,997	126,512	SH		DFND	2	121,627	4,885	0
MKS Instrument Inc	COM	55306N104	13,940	215,750	SH		DFND	2	206,810	8,940	0
Mohawk Inds Inc	COM	608190104	2,199	18,800	SH		DFND	2	18,800	0	0
Monolithic Pwr Sys Inc	COM	609839105	18,558	159,643	SH		DFND	2,4	150,528	9,115	0
Monster Beverage Corp	COM	61174X109	1,429	29,024	SH		DFND	4	29,024	0	0
Morgan Stanley	COM NEW	617446448	49,707	1,253,656	SH		DFND	2,4	1,224,962	11,564	17,130
Motorola Solutions Inc	COM NEW	620076307	66,266	576,021	SH		DFND	2,4	556,878	8,206	10,937
MPLX LP Com Unit Rep Ltd	UNIT REP LTD	55336V100	19,758	652,089	SH		DFND	2	652,089	0	0
MSCI Inc	COM	55354G100	465	3,157	SH		DFND	4	3,157	0	0
Netease Inc Sponsored Adr	SPONS ADR	64110W102	42,832	181,976	SH		DFND	3	139,098	0	42,878
New Jersey Res	COM	646025106	598	13,089	SH		DFND	4	13,089	0	0
Newfield Expl Co	COM	651290108	514	35,067	SH		DFND	4	35,067	0	0
Nextera Energy Inc	COM	65339F101	104,753	602,650	SH		DFND	2,4	590,152	5,603	6,895
Nextera Energy Partners LP	COM	65341B106	317	7,360	SH		DFND	2	7,360	0	0
Noble Midstream Partners LP	COM	65506L105	8,327	288,735	SH		DFND	2	288,735	0	0
Nomad Foods Ltd	COM	G6564A105	31,369	1,876,147	SH		DFND	2,4	1,812,561	63,586	0
Northrop Grumman Corp	COM	666807102	59,390	242,507	SH		DFND	2,4	241,574	933	0
Novanta Inc	COM	67000B104	28,181	447,315	SH		DFND	2,4	447,315	0	0
Novartis A G	SPONSORED ADR	66987V109	1,703	19,846	SH		DFND	2,4	19,846	0	0
Novo-Nordisk A S	ADR	670100205	710	15,416	SH		DFND	4	15,416	0	0
Nvent Electric Plc	COM	G6700G107	26,047	1,159,737	SH		DFND	2,4	1,110,365	48,225	1,147
O Reilly Automotive Inc	COM	67103H107	353	1,025	SH		DFND	2	1,025	0	0
Occidental Pete Corp Del	COM	674599105	269	4,390	SH		DFND	2	4,290	0	100
Omnicell Inc	COM	68213N109	22,618	369,341	SH		DFND	2	369,341	0	0
ONEOK Inc	COM	682680103	6,386	118,375	SH		DFND	2	118,375	0	0
Oracle Corp	COM	68389X105	65,186	1,443,774	SH		DFND	2,4	1,398,040	20,079	25,655
OSI Systems Inc	COM	671044105	33,219	453,187	SH		DFND	2	441,437	11,750	0
Oxford Industries	COM	691497309	34,394	484,153	SH		DFND	2	478,013	6,140	0
Parker Hannifin Corp	COM	701094104	462	3,100	SH		DFND	2	0	0	3,100
Patterson Companies	COM	703395103	2,257	114,800	SH		DFND	2	114,800	0	0
Paypal Hldgs Inc	COM	70450Y103	823	9,790	SH		DFND	4	9,790	0	0
Pembina Pipeline Corp	COM	706327103	447	15,057	SH		DFND	2	15,057	0	0
Penn Virginia Corp	COM	70788V102	35,668	659,778	SH		DFND	2	647,712	12,066	0
Pentair Plc	COM	G7S00T104	13,901	367,942	SH		DFND	2	353,818	14,124	0
Pepsico Inc	COM	713448108	165,520	1,498,189	SH		DFND	2,4	1,475,778	10,946	11,465
Perkinelmer Inc	COM	714046109	27,039	344,224	SH		DFND	2	328,521	15,703	0
Pfizer Inc	COM	717081103	1,111	25,452	SH		DFND	4	25,452	0	0
Phillips 66	COM	718546104	792	9,192	SH		DFND	4	9,192	0	0
Phillips 66 Partners LP Com Un	LP COM UNIT	718549207	38,666	918,211	SH		DFND	2	918,211	0	0
Physicians Realty Trust	COM	71943U104	22,900	1,428,557	SH		DFND	2	1,428,557	0	0
Pioneer Nat Res Co	COM	723787107	2,059	15,661	SH		DFND	2,4	15,661	0	0
Plains All Amern Pipeline L P	UNIT LTD PARTN	726503105	15,168	756,870	SH		DFND	2	756,870	0	0
Plains Gp Hldgs L P Shs A Rep	COM	72651A207	433	21,535	SH		DFND	2	21,535	0	0
Platform Specialty Prods Corp	COM	72766Q105	758	73,426	SH		DFND	2	73,426	0	0
Polyone Corp	COM	73179P106	14,294	499,775	SH		DFND	2	480,993	18,782	0
Potlatchdeltic Corp	COM	737630103	17,254	545,327	SH		DFND	2	545,327	0	0
Premier Inc	CL A	74051N102	11,340	303,632	SH		DFND	2,4	280,051	20,683	2,898
Procter And Gamble Co	COM	742718109	1,639	17,827	SH		DFND	4	17,827	0	0
Prologis Inc	COM	74340W103	1,131	19,268	SH		DFND	2	19,268	0	0
Propetro Holding Corp	COM	74347M108	17,244	1,399,707	SH		DFND	2	1,399,707	0	0
PS Business Pks Inc Calif	COM	69360J107	988	7,540	SH		DFND	2	7,540	0	0
Public Storage	COM	74460D109	59,729	295,090	SH		DFND	2,4	291,880	0	3,210
Qualcomm Inc	COM	747525103	691	12,138	SH		DFND	4	12,138	0	0
Randgold Res Ltd Adr	ADR	752344309	1,686	20,344	SH		DFND	3	20,344	0	0
Range Res Corp	COM	75281A109	142	14,825	SH		DFND	2	14,825	0	0
Raymond James Financial Inc Co	COM	754730109	937	12,599	SH		DFND	2	12,599	0	0
Raytheon Co	COM NEW	755111507	53,310	347,636	SH		DFND	2,4	345,889	1,747	0
Regency Ctrs Corp	COM	758849103	1,173	19,982	SH		DFND	2	19,982	0	0
Regeneron Pharmaceuticals	COM	75886F107	1,845	4,939	SH		DFND	4	4,939	0	0
Renasant Corp	COM	75970E107	23,545	780,158	SH		DFND	2	780,158	0	0
Resolute Energy Corp	COM	76116A306	357	12,318	SH		DFND	2	12,318	0	0
Retail Pptys Amer Inc	CL A	76131V202	10,524	969,960	SH		DFND	2,4	969,960	0	0
RLJ Lodging Trust	COM	74965L200	103	4,200	SH		DFND	2	4,200	0	0
Royal Dutch Shell Plc	SPONS ADR A	780259206	503	8,631	SH		DFND	2,4	8,631	0	0
Royal Dutch Shell-Spon Adr-B	SPON ADR B	780259107	139	2,325	SH		DFND	2	2,325	0	0
RPM International Inc	COM	749685103	23,704	403,260	SH		DFND	2,4	377,824	25,436	0
RPT Realty	COM	74971D101	16,325	1,366,133	SH		DFND	2	1,366,133	0	0
Safety Ins Group Inc	COM	78648T100	12,338	150,809	SH		DFND	2	150,809	0	0
SAP AG - Sponsored Adr	SPONS ADR	803054204	19	187	SH		DFND	2	187	0	0
Schlumberger Ltd	COM	806857108	900	24,928	SH		DFND	4	24,928	0	0
SEI Investments Co	COM	784117103	590	12,779	SH		DFND	4	12,779	0	0
Select Sector SPDR Tr	SBI HEALTHCARE	81369Y209	1,178	13,609	SH		DFND	4	13,609	0	0
Select Sector SPDR Tr	SBI CONS STPLS	81369Y308	3,343	65,850	SH		DFND	4	65,850	0	0
Select Sector SPDR Tr	SBI CONS DISCR	81369Y407	3,995	40,350	SH		DFND	4	40,350	0	0
Select Sector SPDR Tr	SBI INT-INDS	81369Y704	3,050	47,350	SH		DFND	4	47,350	0	0
Sempra Energy	COM	816851109	499	4,610	SH		DFND	2	4,610	0	0
Servisfirst Bancshares Inc	COM	81768T108	23,325	731,883	SH		DFND	2,4	731,883	0	0
Shell Midstream Partners LP	COM	822634101	7,633	465,164	SH		DFND	2	465,164	0	0
Sherwin Williams Co	COM	824348106	27,405	69,654	SH		DFND	2,4	69,654	0	0
Simon Ppty Group Inc	COM	828806109	75,977	452,273	SH		DFND	2	444,298	0	7,975
Smith A O	COM	831865209	414	9,700	SH		DFND	2	0	0	9,700
Smucker J M Co	COM	832696405	4,674	49,990	SH		DFND	2	49,990	0	0
South Jersey Industries	COM	838518108	12,857	462,483	SH		DFND	2	462,483	0	0
South St Corp	COM	840441109	23,856	397,930	SH		DFND	2,4	397,930	0	0
SPDR S&P 500 Etf Tr	TR UNIT	78462F103	576	2,303	SH		DFND	4	2,303	0	0
SPDR Ser Tr	BLOOMBERG SRT TR	78468R408	21,047	808,585	SH		DFND	4	0	0	808,585
SPDR Series Trust	BLOOMBERG BRCLYS	78464A417	8,982	267,400	SH		DFND	4	0	0	267,400
SRC Energy Inc	COM	78470V108	14,300	3,042,585	SH		DFND	2,4	3,042,585	0	0
Stag Industrial Inc	COM	85254J102	49,370	1,984,319	SH		DFND	2,4	1,980,948	0	3,371
Stanley Black & Decker I	UNIT 05/15/2020	854502887	86	950	SH		DFND	2	950	0	0
Starbucks Corp	COM	855244109	2,459	38,185	SH		DFND	4	38,185	0	0
Steris Plc	COM	G84720104	22,761	213,014	SH		DFND	2	202,144	10,870	0
Summit Hotel Pptys Inc	COM	866082100	24,460	2,513,876	SH		DFND	2,4	2,513,876	0	0
Summit Materials Inc - Cl A	COM	86614U100	28,418	2,291,825	SH		DFND	2,4	2,252,148	39,677	0
Summit Midstream Partners LP	COM	866142102	4,668	464,505	SH		DFND	2	464,505	0	0
T Mobile US Inc	COM	872590104	3,174	49,902	SH		DFND	2,4	45,866	4,036	0
Taiwan Semiconductor Mfg Ltd	SPONSORED ADS	874039100	27,913	756,253	SH		DFND	2,3,4	756,253	0	0
Tallgrass Energy LP	COM	874696107	9,299	382,033	SH		DFND	2	382,033	0	0
Targa Res Corp	COM	87612G101	15,314	425,159	SH		DFND	2,4	425,159	0	0
TCG Bdc Inc	COM	872280102	125	10,100	SH		DFND	2	10,100	0	0
TCP Capital Corp	COM	09259E108	128	9,800	SH		DFND	2	9,800	0	0
Teleflex Inc	COM	879369106	24,833	96,073	SH		DFND	2	91,510	4,563	0
Tenaris S A Sponsored Adr	SPONSORED ADR	88031M109	31,618	1,483,035	SH		DFND	3	1,132,985	0	350,050
Terreno Rlty Corp	COM	88146M101	11,661	331,561	SH		DFND	2	331,561	0	0
Texas Instrs Inc	COM	882508104	69,430	734,705	SH		DFND	2,4	734,705	0	0
The Charles Schwab Corporati	COM	808513105	7,918	190,666	SH		DFND	4	190,666	0	0
Total Sa-Spon Adr	SPON ADR B	89151E109	12	232	SH		DFND	2	232	0	0
Transcanada Corp	COM	89353D107	607	17,000	SH		DFND	2	17,000	0	0
Under Armour Inc	CL A	904311107	1,967	111,330	SH		DFND	4	111,330	0	0
Union Pac Corp	COM	907818108	139,512	1,009,281	SH		DFND	2,4	989,659	8,367	11,255
United Parcel Service Inc	CL B	911312106	526	5,391	SH		DFND	4	5,391	0	0
United Rentals Inc	COM	911363109	564	5,500	SH		DFND	4	5,500	0	0
UnitedHealth Group Inc	COM	91324P102	85,413	342,855	SH		DFND	2,4	332,741	4,013	6,101
Universal Forest Products	COM	913543104	24,181	931,481	SH		DFND	2	931,481	0	0
US Bancorp Del	COM NEW	902973304	59,913	1,311,001	SH		DFND	2,4	1,282,365	5,086	23,550
V F Corp	COM	918204108	275	3,855	SH		DFND	2	3,855	0	0
Vale S A Adr	ADR	91912E105	11	865	SH		DFND	2	865	0	0
Vanguard Bd Index Fd Inc	LONG TERM BOND	921937793	8,616	98,463	SH		DFND	4	98,463	0	0
Vanguard Charlotte Fds	INTL BD IDX ETF	92203J407	1,287	23,728	SH		DFND	4	23,728	0	0
Vanguard Glbl Ex-Us Real Est	ETF	922042676	18	342	SH		DFND	2	342	0	0
Vanguard Index Fds	S&P 500 ETF SHS	922908363	402	1,749	SH		DFND	4	1,749	0	0
Vanguard Index Fds	GROWTH ETF	922908736	60,683	451,745	SH		DFND	4	145,595	0	306,150
Vanguard Intl Equity Index F	FTSE EMR MKT ETF	922042858	2,635	69,154	SH		DFND	4	69,154	0	0
Vanguard Tax Managed Intl Fd	FTSE DEV MKT ETF	921943858	24,331	655,834	SH		DFND	4	653,967	0	1,867
Varian Med Sys Inc	COM	92220P105	523	4,619	SH		DFND	4	4,619	0	0
Ventas Inc	COM	92276F100	1,145	19,541	SH		DFND	2	19,541	0	0
Veritex Hldgs Inc	COM	923451108	214	10,000	SH		DFND	4	10,000	0	0
Verizon Communications Inc	COM	92343V104	3,509	62,423	SH		DFND	2,4	48,278	0	14,145
Viavi Solutions Inc	COM	925550105	26,841	2,670,718	SH		DFND	2,4	2,670,718	0	0
Visa Inc	COM CL A	92826C839	9,615	72,881	SH		DFND	4	72,881	0	0
Vodafone Group Plc New Spons A	SPONS ADR	92857W308	3	139	SH		DFND	2	139	0	0
Walgreens Boots Alliance Inc	COM	931427108	504	7,371	SH		DFND	4	7,371	0	0
Walmart Inc	COM	931142103	897	9,630	SH		DFND	4	9,630	0	0
Walt Disney Co	COM	254687106	79,259	722,836	SH		DFND	2,4	705,917	5,904	11,015
WEC Energy Group Inc	COM	92939U106	85,503	1,234,516	SH		DFND	2,4	1,198,961	17,127	18,428
Wells Fargo & Co	COM	949746101	59,692	1,295,383	SH		DFND	2,4	1,251,229	16,104	28,050
Western Alliance Bancorp	COM	957638109	78,014	1,975,554	SH		DFND	2,4	1,912,014	39,663	23,877
Western Gas Partners LP	COM	958254104	12,947	306,589	SH		DFND	2	306,589	0	0
Williams Cos Inc Del	COM	969457100	54,665	2,479,136	SH		DFND	2	2,479,136	0	0
Williams Sonoma Inc	COM	969904101	10,412	206,382	SH		DFND	2	195,407	10,975	0
Wintrust Finl Corp	COM	97650W108	20,142	302,940	SH		DFND	2	288,052	14,888	0
Wisdomtree Us High Dividend	ETF	97717W208	195	3,000	SH		DFND	2	3,000	0	0
Woodward Inc	COM	980745103	10,898	146,691	SH		DFND	2,4	136,698	8,745	1,248
WPX Energy Inc	COM	98212B103	21,031	1,852,986	SH		DFND	2,4	1,771,281	75,295	6,410
Yum Brands Inc	COM	988498101	1,306	14,212	SH		DFND	4	14,212	0	0
Yum China Hldgs Inc	COM	98850P109	878	26,186	SH		DFND	4	26,186	0	0
Zayo Group Hldgs Inc	COM	98919V105	20,547	899,593	SH		DFND	2,4	862,149	37,444	0
Zions Bancorp Na	COM	989701107	24,078	591,032	SH		DFND	2,4	556,595	32,597	1,840
Zoetis Inc	CL A	98978V103	11,727	137,093	SH		DFND	4	137,093	0	0