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Institutional Investment Manager
INVESTMENT COUNSELORS OF MARYLAND LLC
INVESTMENT COUNSELORS OF MARYLAND LLC (CIK: 0000051964) incorporated in Delaware, located at 300 East Lombard Street, Baltimore, MD. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 197 holdings with a total value of $1,671,441,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 NAVIGATORS GROUP INC 162,804 15,779,000 0.94%
52 CONNECTONE BANCORP INC NEW 872,778 15,762,000 0.94%
53 M D C HLDGS INC COM 609,791 15,733,000 0.94%
54 GRANITE CONSTR INC 315,266 15,681,000 0.94%
55 Acxiom Corp 585,614 15,607,000 0.93%
56 ALBANY INTL CORP CL A 367,983 15,595,000 0.93%
57 HEARTLAND EXPRESS INC COM 816,945 15,424,000 0.92%
58 Innophos Holdings 393,889 15,373,000 0.92%
59 Trico Bancshs Chico 574,092 15,368,000 0.92%
60 KAMAN CORP COM 347,377 15,257,000 0.91%
61 Catchmark Timber Trust Inc 1,265,740 14,797,000 0.89%
62 RED ROBIN GOURMET BURGERS INC COM 327,265 14,707,000 0.88%
63 SOUTHWEST BANCORP INC OKLA COM 774,250 14,703,000 0.88%
64 FULLER H B CO 315,316 14,653,000 0.88%
65 KFORCE INC COM 714,021 14,630,000 0.88%
66 HEALTHCARE RLTY TR 429,528 14,630,000 0.88%
67 Enterprise Finl Svcs Corp 456,210 14,257,000 0.85%
68 US Concrete Inc 300,970 13,864,000 0.83%
69 FNB CORP PA 1,125,145 13,839,000 0.83%
70 FEDERAL SIGNAL CORP 1,027,375 13,623,000 0.82%
71 MATERION CORP COM 433,725 13,320,000 0.80%
72 BIO RAD LABS INC 79,740 13,062,000 0.78%
73 MUELLER WTR PRODUCTS INCORPORATED COM SER A 1,026,145 12,878,000 0.77%
74 CONMED CORP 318,733 12,768,000 0.76%
75 HomeTrust Bancshares, Inc. 680,532 12,590,000 0.75%
76 STONEGATE BANK 367,408 12,400,000 0.74%
77 Snyders-Lance Inc 367,757 12,349,000 0.74%
78 HAYNES INTERNATIONAL INC 331,100 12,287,000 0.74%
79 DSW INC CL A 594,452 12,174,000 0.73%
80 MARTEN TRANS LTD COM 574,475 12,064,000 0.72%
81 BOSTON PRIVATE FINANCIAL HLDGS INC (FORM BOSTON PRIVATE BANCORP INC) 910,935 11,687,000 0.70%
82 CBIZ INC 1,035,328 11,585,000 0.69%
83 QTS RLTY TR INC 217,870 11,514,000 0.69%
84 WHITING PETE CORP NEW 1,297,742 11,342,000 0.68%
85 TRIUMPH GROUP INC NEW COM 406,822 11,342,000 0.68%
86 FIRST MERCHANTS CORP COM 413,236 11,054,000 0.66%
87 DUPONT FABROS TECHNOLOGY INC 258,541 10,665,000 0.64%
88 ACTUANT CORP 440,670 10,241,000 0.61%
89 BNC BANCORP 417,625 10,157,000 0.61%
90 ASCENA RETAIL GROUP INC COM 1,802,456 10,076,000 0.60%
91 CARRIZO OIL & GAS INC 246,983 10,032,000 0.60%
92 TEXAS CAPITAL BANCSHARES INC 181,277 9,956,000 0.60%
93 RUSH ENTERPRISES INC CL A 400,605 9,807,000 0.59%
94 KNIGHT TRANSN INC 323,075 9,269,000 0.55%
95 EAGLE BANCORP INC MD 185,593 9,155,000 0.55%
96 ELECTRO SCIENTIFIC INDS 1,600,580 9,027,000 0.54%
97 SELECTIVE INS GROUP INC 223,294 8,900,000 0.53%
98 CIRCOR INTL INC COM 140,538 8,370,000 0.50%
99 UNITED STATIONERS INC 390,523 8,014,000 0.48%
100 FINISH LINE INC CL A 345,100 7,965,000 0.48%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000051964-16-000035, filed 2016.11.02).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.