Form SC 13G EXFO INC. Filed by: HARBER ASSET MANAGEMENT LLC

February 14, 2019 3:45 PM EST

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

                              SCHEDULE 13G

                Under the Securities Exchange Act of 1934*


                          EXFO Inc. / EXFO inc.
                 ----------------------------------------
                            (Name of Issuer)

                 Subordinate Voting Shares, no par value
                 ----------------------------------------
                     (Title of Class of Securities)

                                302046107
                 ----------------------------------------
                             (CUSIP Number)

                            December 31, 2018
                 ----------------------------------------
        (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

     [X] Rule 13d-1(b)
     [_] Rule 13d-1(c)
     [_] Rule 13d-1(d)

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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act.

==============================================================================



==============================================================================
---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 2 of 11
---------------------                                             ------------
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1   NAME OF REPORTING PERSON
    Harold W. Berry III
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2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                   (a) [ ]
                                                                       (b) [X]
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3   SEC USE ONLY

------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    North Carolina
------------------------------------------------------------------------------
                                              5  SOLE VOTING POWER

    NUMBER OF SHARES                          --------------------------------
      BENEFICIALLY                            6  SHARED VOTING POWER
       OWNED BY                                  1,347,961
         EACH                                 --------------------------------
       REPORTING                              7  SOLE DISPOSITIVE POWER
        PERSON
         WITH                                 --------------------------------
                                              8  SHARED DISPOSITIVE POWER
                                                 1,347,961
------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    1,347,961
------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   [ ]

------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    5.7%
------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON
    IN, HC
------------------------------------------------------------------------------



==============================================================================
---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 3 of 11
---------------------                                             ------------
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1   NAME OF REPORTING PERSON
    Harber Asset Management LLC
------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                   (a) [ ]
                                                                       (b) [X]
------------------------------------------------------------------------------
3   SEC USE ONLY

------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
------------------------------------------------------------------------------
                                              5  SOLE VOTING POWER

    NUMBER OF SHARES                          --------------------------------
      BENEFICIALLY                            6  SHARED VOTING POWER
       OWNED BY                                  1,347,961
         EACH                                 --------------------------------
       REPORTING                              7  SOLE DISPOSITIVE POWER
        PERSON
         WITH                                 --------------------------------
                                              8  SHARED DISPOSITIVE POWER
                                                 1,347,961
------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    1,347,961
------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   [ ]

------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    5.7%
------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON
    HC, CO
==============================================================================



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---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 4 of 11
---------------------                                             ------------
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1   NAME OF REPORTING PERSON
    Harber Capital LLC
------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                   (a) [ ]
                                                                       (b) [X]
------------------------------------------------------------------------------
3   SEC USE ONLY

------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
------------------------------------------------------------------------------
                                              5  SOLE VOTING POWER

    NUMBER OF SHARES                          --------------------------------
      BENEFICIALLY                            6  SHARED VOTING POWER
       OWNED BY                                  1,347,961
         EACH                                 --------------------------------
       REPORTING                              7  SOLE DISPOSITIVE POWER
        PERSON
         WITH                                 --------------------------------
                                              8  SHARED DISPOSITIVE POWER
                                                 1,347,961
------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    1,347,961
------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   [ ]

------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    5.7%
------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON
    IA, CO
==============================================================================



==============================================================================
---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 5 of 11
---------------------                                             ------------
------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    Graham Growth Partners, L.P.
------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                   (a) [ ]
                                                                       (b) [X]
------------------------------------------------------------------------------
3   SEC USE ONLY

------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
------------------------------------------------------------------------------
                                              5  SOLE VOTING POWER

    NUMBER OF SHARES                          --------------------------------
      BENEFICIALLY                            6  SHARED VOTING POWER
       OWNED BY                                  315,695
         EACH                                 --------------------------------
       REPORTING                              7  SOLE DISPOSITIVE POWER
        PERSON
         WITH                                 --------------------------------
                                              8  SHARED DISPOSITIVE POWER
                                                 315,695
------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    315,695
------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   [ ]

------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    1.3%
------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON
    PN
==============================================================================



==============================================================================
---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 6 of 11
---------------------                                             ------------
------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    Graham Institutional Partners, LP
------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                   (a) [ ]
                                                                       (b) [X]
------------------------------------------------------------------------------
3   SEC USE ONLY

------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
------------------------------------------------------------------------------
                                              5  SOLE VOTING POWER

    NUMBER OF SHARES                          --------------------------------
      BENEFICIALLY                            6  SHARED VOTING POWER
       OWNED BY                                  867,985
         EACH                                 --------------------------------
       REPORTING                              7  SOLE DISPOSITIVE POWER
        PERSON
         WITH                                 --------------------------------
                                              8  SHARED DISPOSITIVE POWER
                                                 867,985
------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    867,985
------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   [ ]

------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    3.7%
------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON
    PN
==============================================================================



==============================================================================
---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 7 of 11
---------------------                                             ------------
------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    Graham Partners, L.P.
------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                   (a) [ ]
                                                                       (b) [X]
------------------------------------------------------------------------------
3   SEC USE ONLY

------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
------------------------------------------------------------------------------
                                              5  SOLE VOTING POWER

    NUMBER OF SHARES                          --------------------------------
      BENEFICIALLY                            6  SHARED VOTING POWER
       OWNED BY                                  164,281
         EACH                                 --------------------------------
       REPORTING                              7  SOLE DISPOSITIVE POWER
        PERSON
         WITH                                 --------------------------------
                                              8  SHARED DISPOSITIVE POWER
                                                 164,281
------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    164,281
------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   [ ]

------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    0.7%
------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON
    PN
==============================================================================



==============================================================================
---------------------                                             ------------
CUSIP No.:  302046107                     13G                     Page 8 of 11
---------------------                                             ------------
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ITEM 1(a).	NAME OF ISSUER:

		EXFO Inc.

ITEM 1(b).	ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

		400 Godin Avenue
		Quebec, Quebec  G1M 2K2
		Canada

ITEM 2(a).	NAME OF PERSON FILING:

		This Schedule 13G is being filed on behalf of the following
		persons (the "Reporting Persons"):

		(i)	Harold W. Berry III ("Mr. Berry")
		(ii)	Harber Asset Management LLC ("HAM")
		(iii)	Harber Capital LLC ("Capital")
		(iv)	Graham Growth Partners, L.P. ("GRGR")
		(v)	Graham Institutional Partners, LP ("GRIP")
		(vi)	Graham Partners, L.P. ("GP")

ITEM 2(b).	ADDRESS OF PRINCIPAL BUSINESS OFFICE:

		The principal business office of the Reporting Persons filing
		this Schedule 13G is located at 780 Third Avenue, Suite 1500,
		New York, New York 10017.

ITEM 2(c).	CITIZENSHIP:

		(i)	Mr. Berry	North Carolina
		(ii)	HAM		Delaware limited liability company
		(iii)	Capital		Delaware limited liability company
		(iv)	GRGR		Delaware limited liability company
		(v)	GRIP		Delaware limited liability company
		(vi)	GP		Delaware limited liability company

ITEM 2(d).	TITLE OF CLASS OF SECURITIES:

		Subordinate Voting Shares

ITEM 2(e).	CUSIP Number:

		302046107

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CUSIP No.:  302046107                     13G                     Page 9 of 11
---------------------                                             ------------
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ITEM 3.		IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or
		13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS:
		One of the following

		(e) [X] An investment adviser in accordance with
		Section 240.13d-1(b)(1)(ii)(E).

ITEM 4.		OWNERSHIP:

		The information in items 1 and 5 through 11 on the cover
		page (p. 2) on this Schedule 13G is hereby incorporated
		by reference.

ITEM 5.   	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

          	If this statement is being filed to report the fact that as
		of the date hereof the Reporting Persons have ceased to be
		the beneficial owner of more than five percent of the class
		of securities check the following.	[_]

ITEM 6.		OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
		PERSON:

		Not applicable

ITEM 7.		IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
		ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
		HOLDING COMPANY:

		Mr. Berry is the Managing Member of Harber Asset Management
		LLC ("HAM") and Harber Capital LLC ("Capital"). Capital is
		the Investment Manager and HAM is the General Partner of the
		following limited partnerships, each of which owns less than
		5% of the issuer's securities:

		(i)	Graham Growth Partners, L.P.
		(ii)	Graham Institutional Partners, LP
		(iii)	Graham Partners L.P.


ITEM 8.		IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

		Not applicable

ITEM 9.		NOTICE OF DISSOLUTION OF GROUP:

		Not applicable

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CUSIP No.:  302046107                     13G                    Page 10 of 11
---------------------                                             ------------
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ITEM 10.	CERTIFICATION:

	By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.

		After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated:  February 14, 2019

					GRAHAM GROWTH PARTNERS, L.P.*
					By:	Harold W. Berry III

/s/ Harold W. Berry III			/s/ Harold W. Berry III
--------------------------------	--------------------------------
Name:  HAROLD W. BERRY III*		Name:	Harold W. Berry III
					Title:	Managing Member of the
						General Partner


GRAHAM INSTITUTIONAL PARTNERS, LP*	GRAHAM PARTNERS, L.P.*
By:	Harold W. Berry III		By:	Harold W. Berry III

/s/ Harold W. Berry III			/s/ Harold W. Berry III
--------------------------------	--------------------------------
Name:	Harold W. Berry III		Name:	Harold W. Berry III
Title:	Managing Member of the		Title:	Managing Member of the
	General Partner				General Partner


HARBER ASSET MANAGEMENT LLC*		HARBER CAPITAL LLC*
By:	Harold W. Berry III		By:	Harold W. Berry III

/s/ Harold W. Berry III			/s/ Harold W. Berry III
--------------------------------	--------------------------------
Name:	Harold W. Berry III		Name:	Harold W. Berry III
Title:	Managing Member			Title:	Managing Member


* The Reporting Person disclaims beneficial ownership in the shares reported
herein except to the extent of its pecuniary interest therein.



                                      EXHIBIT A

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, each of the undersigned does hereby consent and agree to the
joint filing on behalf of each of them of a statement on Schedule 13G and all
amendments thereto with respect to the Common Stock of EXFO Inc. beneficially
owned by each of them, and the inclusion of this Joint Filing Agreement as an
exhibit thereto.

Dated:  February 14, 2019

					GRAHAM GROWTH PARTNERS, L.P.
					By:	Harold W. Berry III

/s/ Harold W. Berry III			/s/ Harold W. Berry III
--------------------------------	--------------------------------
Name:  HAROLD W. BERRY III		Name:	Harold W. Berry III
					Title:	Managing Member of the
						General Partner


GRAHAM INSTITUTIONAL PARTNERS, LP	GRAHAM PARTNERS, L.P.
By:	Harold W. Berry III		By:	Harold W. Berry III

/s/ Harold W. Berry III			/s/ Harold W. Berry III
--------------------------------	--------------------------------
Name:	Harold W. Berry III		Name:	Harold W. Berry III
Title:	Managing Member of the		Title:	Managing Member of the
	General Partner				General Partner


HARBER ASSET MANAGEMENT LLC		HARBER CAPITAL LLC
By:	Harold W. Berry III		By:	Harold W. Berry III

/s/ Harold W. Berry III			/s/ Harold W. Berry III
--------------------------------	--------------------------------
Name:	Harold W. Berry III		Name:	Harold W. Berry III
Title:	Managing Member			Title:	Managing Member












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