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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 (2016Q4)
Portfolio Summary: 199 holdings with a total value of $1,892,609,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ALBANY INTL CORP CL A 389,168 18,018,000 0.95%
52 BELDEN INC 237,011 17,721,000 0.94%
53 NETSCOUT SYS INC 560,890 17,668,000 0.93%
54 HOMETRUST BANCSHARES INC 680,532 17,626,000 0.93%
55 WHITING PETE CORP NEW 1,456,992 17,513,000 0.93%
56 EMPIRE STATE 865,495 17,474,000 0.92%
57 GREIF INC 339,853 17,438,000 0.92%
58 KAMAN CORP COM 347,377 16,997,000 0.90%
59 HEARTLAND EXPRESS INC COM 816,945 16,633,000 0.88%
60 FIRST INDL RLTY TR INC 586,185 16,442,000 0.87%
61 M D C HLDGS INC COM 640,280 16,430,000 0.87%
62 Catchmark Timber Trust Inc 1,451,740 16,347,000 0.86%
63 Perficient Inc 926,005 16,196,000 0.86%
64 FEDERAL SIGNAL CORP COM 1,027,375 16,037,000 0.85%
65 SIMMONS 1ST NATL CORP CL A $1 PAR 257,655 16,013,000 0.85%
66 YADKIN FINANCIAL 464,318 15,908,000 0.84%
67 KITE RLTY GROUP TR COM NEW 668,860 15,705,000 0.83%
68 GLATFELTER 655,574 15,662,000 0.83%
69 DSW INC CL A 682,632 15,462,000 0.82%
70 DUPONT FABROS TECHNOLOGY INC 350,066 15,378,000 0.81%
71 STONEGATE BK FT LAUDERDALE F 367,408 15,332,000 0.81%
72 KAISER ALUMINUM CORP COM PAR $0.01 196,717 15,283,000 0.81%
73 FULLER H B CO COM 315,316 15,233,000 0.80%
74 FIRST MERCHANTS CORP COM 403,812 15,204,000 0.80%
75 BOSTON PRIVATE FINANCIAL HLDGS INC (FORM BOSTON PRIVATE BANCORP INC) 910,935 15,076,000 0.80%
76 IXYS CORP DEL 1,231,428 14,654,000 0.77%
77 BIO RAD LABS INC CL A 79,740 14,535,000 0.77%
78 MATERION CORP COM 360,250 14,266,000 0.75%
79 HAYNES INTERNATIONAL INC 331,100 14,234,000 0.75%
80 TEXAS CAP BANCSHARES INC COM 181,277 14,212,000 0.75%
81 CBIZ INC 1,035,328 14,184,000 0.75%
82 Snyders-Lance Inc 367,757 14,100,000 0.75%
83 CONMED CORP 318,733 14,078,000 0.74%
84 MUELLER WTR PRODS INC 1,026,145 13,658,000 0.72%
85 MARTEN TRANS LTD COM 574,475 13,385,000 0.71%
86 BNC BANCORP 417,625 13,322,000 0.70%
87 Integrated Device Technology I 564,099 13,290,000 0.70%
88 Acxiom Corp 486,514 13,039,000 0.69%
89 RUSH ENTERPRISES INC 400,605 12,779,000 0.68%
90 CARRIZO OIL & GAS INC 340,883 12,732,000 0.67%
91 GRANITE CONSTR INC 222,866 12,258,000 0.65%
92 ACTUANT CORP 440,670 11,435,000 0.60%
93 EAGLE BANCORP INC MD 185,593 11,312,000 0.60%
94 HAVERTY FURNITURE COS INC COM 462,473 10,961,000 0.58%
95 QTS RLTY TR INC 217,870 10,817,000 0.57%
96 TRIUMPH GROUP INC NEW 406,822 10,781,000 0.57%
97 SELECTIVE INS GROUP INC COM 223,294 9,613,000 0.51%
98 ELECTRO SCIENTIFIC INDS 1,600,580 9,475,000 0.50%
99 DYCOM INDS INC COM 117,380 9,424,000 0.50%
100 VISTA OUTDOOR INC COM 254,580 9,394,000 0.50%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000051964-17-000003, filed 2017.02.07).

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.