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
AETNA INC NEW COM 00817Y108 180,334 2,838,123 SH   SOLE   2,102,023 0 736,100
AIR T INC COM 009207101 441 42,900 SH   SOLE   42,900 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 76,216 925,739 SH   SOLE   810,939 0 114,800
ALLSTATE CORP COM 020002101 369,343 7,675,447 SH   SOLE   4,883,147 0 2,792,300
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,141 117,400 SH   SOLE   117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 688,218 15,396,372 SH   SOLE   9,856,472 0 5,539,900
ARGO GROUP INTL HLDGS LTD COM G0464B107 27,949 659,330 SH   SOLE   486,850 0 172,480
ARRIS GROUP INC NEW COM 04270V106 146,086 10,180,226 SH   SOLE   9,328,626 0 851,600
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 8,688 9,775,000 PRN   SOLE   9,775,000 0 0
ASSOCIATED BANC CORP COM 045487105 17,937 1,153,497 SH   SOLE   891,797 0 261,700
ASSURANT INC COM 04621X108 110,802 2,176,434 SH   SOLE   1,909,234 0 267,200
ASTRAZENECA PLC SPONSORED ADR 046353108 233,886 4,944,742 SH   SOLE   3,099,042 0 1,845,700
AVIS BUDGET GROUP COM 053774105 81,334 2,829,000 SH   SOLE   2,396,800 0 432,200
BANK NEW YORK MELLON CORP COM 064058100 77,104 2,748,800 SH   SOLE   1,347,400 0 1,401,400
BANK OF AMERICA CORPORATION COM 060505104 541,785 42,129,472 SH   SOLE   26,856,857 0 15,272,615
BB&T CORP COM 054937107 40,107 1,183,802 SH   SOLE   909,702 0 274,100
BOEING CO COM 097023105 225,984 2,206,015 SH   SOLE   1,389,515 0 816,500
BOULDER TOTAL RETURN FD INC COM 101541100 802 37,900 SH   SOLE   37,900 0 0
CA INC COM 12673P105 103,255 3,606,517 SH   SOLE   2,947,441 0 659,076
CAPITAL ONE FINL CORP COM 14040H105 433,958 6,909,053 SH   SOLE   4,463,453 0 2,445,600
CAPLEASE INC COM 140288101 15,092 1,788,100 SH   SOLE   1,466,600 0 321,500
CARNIVAL CORP PAIRED CTF 143658300 37,806 1,102,547 SH   SOLE   573,947 0 528,600
CIBER INC COM 17163B102 1,022 306,100 SH   SOLE   224,100 0 82,000
CIRCOR INTL INC COM 17273K109 25,430 500,000 SH   SOLE   366,100 0 133,900
CITIGROUP INC COM NEW 172967424 548,638 11,437,103 SH   SOLE   7,239,892 0 4,197,211
CITY NATL CORP COM 178566105 4,323 68,220 SH   SOLE   41,020 0 27,200
CNO FINL GROUP INC COM 12621E103 135,756 10,475,034 SH   SOLE   9,209,634 0 1,265,400
COBALT INTL ENERGY INC COM 19075F106 332,833 12,526,649 SH   SOLE   8,335,749 0 4,190,900
COMCAST CORP NEW CL A SPL 20030N200 116,325 2,932,319 SH   SOLE   1,968,719 0 963,600
COMERICA INC COM 200340107 16,494 414,100 SH   SOLE   401,200 0 12,900
COMVERSE INC COM 20585P105 24,155 811,662 SH   SOLE   669,732 0 141,930
CON-WAY INC COM 205944101 134,360 3,448,662 SH   SOLE   3,029,162 0 419,500
CORNING INC COM 219350105 405,647 28,506,484 SH   SOLE   17,819,184 0 10,687,300
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 289 8,524 SH   SOLE   8,524 0 0
COVIDIEN PLC SHS G2554F113 77,458 1,232,618 SH   SOLE   623,218 0 609,400
CUMMINS INC COM 231021106 281,851 2,598,664 SH   SOLE   1,667,364 0 931,300
DELPHI AUTOMOTIVE PLC SHS G27823106 83,507 1,647,409 SH   SOLE   1,171,209 0 476,200
DEVRY INC DEL COM 251893103 14,028 452,223 SH   SOLE   346,323 0 105,900
E TRADE FINANCIAL CORP COM NEW 269246401 17,437 1,377,335 SH   SOLE   1,333,535 0 43,800
EDISON INTL COM 281020107 106,105 2,203,174 SH   SOLE   1,370,374 0 832,800
EMBRAER S A SP ADR REP 4 COM 29082A107 99,894 2,707,898 SH   SOLE   1,858,398 0 849,500
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 14,102 274,100 SH   SOLE   202,700 0 71,400
EXELON CORP COM 30161N101 438,766 14,208,753 SH   SOLE   9,180,353 0 5,028,400
FEDEX CORP COM 31428X106 125,522 1,273,300 SH   SOLE   616,400 0 656,900
FIRST FINL HLDGS INC COM 320239106 4,709 222,029 SH   SOLE   169,629 0 52,400
FIRST HORIZON NATL CORP COM 320517105 102,523 9,153,829 SH   SOLE   8,120,697 0 1,033,132
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 16,194 781,182 SH   SOLE   585,545 0 195,637
FIRST NIAGARA FINL GP INC COM 33582V108 6,996 694,700 SH   SOLE   521,800 0 172,900
FORD MTR CO DEL COM PAR $0.01 345370860 965 62,400 SH   SOLE   0 0 62,400
FRESH DEL MONTE PRODUCE INC ORD G36738105 22,244 797,858 SH   SOLE   771,958 0 25,900
FURNITURE BRANDS INTL INC COM NEW 360921209 995 248,869 SH   SOLE   184,284 0 64,585
GENERAL MLS INC COM 370334104 699 14,400 SH   SOLE   0 0 14,400
GENERAL MTRS CO COM 37045V100 84,399 2,533,740 SH   SOLE   1,297,840 0 1,235,900
GEO GROUP INC COM 36159R103 21,445 631,677 SH   SOLE   529,293 0 102,384
GLOBAL INDEMNITY PLC SHS G39319101 28,441 1,207,667 SH   SOLE   920,500 0 287,167
GOODYEAR TIRE & RUBR CO COM 382550101 102,695 6,716,514 SH   SOLE   6,509,114 0 207,400
GOODYEAR TIRE & RUBR CO PFD CONV 5.875% 382550309 11,384 231,100 PRN   SOLE   231,100 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 13,284 384,500 SH   SOLE   301,000 0 83,500
GREAT PLAINS ENERGY INC COM 391164100 134,105 5,949,648 SH   SOLE   5,434,748 0 514,900
HANOVER INS GROUP INC COM 410867105 4,756 97,200 SH   SOLE   97,200 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 41,064 2,612,200 SH   SOLE   2,207,800 0 404,400
HEIDRICK & STRUGGLES INTL IN COM 422819102 6,171 369,100 SH   SOLE   277,900 0 91,200
HESS CORP COM 42809H107 46,483 699,100 SH   SOLE   406,100 0 293,000
HEWLETT PACKARD CO COM 428236103 590,221 23,799,233 SH   SOLE   15,048,433 0 8,750,800
HOME FED BANCORP INC MD COM 43710G105 2,179 171,000 SH   SOLE   171,000 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 32,285 1,324,229 SH   SOLE   1,038,929 0 285,300
HORSEHEAD HLDG CORP COM 440694305 22,739 1,775,100 SH   SOLE   1,360,000 0 415,100
HUDSON GLOBAL INC COM 443787106 11,780 4,749,975 SH   SOLE   3,338,920 0 1,411,055
HUMANA INC COM 444859102 132,823 1,574,100 SH   SOLE   1,126,600 0 447,500
HUNTINGTON INGALLS INDS INC COM 446413106 119,858 2,122,133 SH   SOLE   1,875,933 0 246,200
INGRAM MICRO INC CL A 457153104 69,113 3,639,442 SH   SOLE   3,527,042 0 112,400
INTERNATIONAL BUSINESS MACHS COM 459200101 64,194 335,900 SH   SOLE   153,600 0 182,300
INTERPUBLIC GROUP COS INC COM 460690100 259,105 17,807,873 SH   SOLE   12,667,377 0 5,140,496
INTERSIL CORP CL A 46069S109 6,026 770,600 SH   SOLE   569,300 0 201,300
ISHARES TR RUSL 2000 VALU 464287630 12,206 142,100 SH   SOLE   142,100 0 0
ISHARES TR RUSSELL 2000 464287655 12,184 125,400 SH   SOLE   125,400 0 0
JAKKS PAC INC NOTE 4.500%11/0 47012EAD8 51 50,000 PRN   SOLE   50,000 0 0
JETBLUE AIRWAYS CORP COM 477143101 33,397 5,301,162 SH   SOLE   4,685,062 0 616,100
JOHNSON & JOHNSON COM 478160104 367,026 4,274,708 SH   SOLE   2,640,108 0 1,634,600
JOHNSON CTLS INC COM 478366107 334,491 9,345,948 SH   SOLE   5,758,548 0 3,587,400
JPMORGAN CHASE & CO COM 46625H100 646,486 12,246,377 SH   SOLE   7,746,706 0 4,499,671
KEYCORP NEW COM 493267108 61,457 5,566,717 SH   SOLE   5,395,817 0 170,900
KOHLS CORP COM 500255104 73,315 1,451,500 SH   SOLE   1,406,700 0 44,800
KORN FERRY INTL COM NEW 500643200 7,779 415,100 SH   SOLE   319,200 0 95,900
KOSMOS ENERGY LTD SHS G5315B107 116,532 11,469,636 SH   SOLE   9,895,536 0 1,574,100
LAKES ENTMNT INC COM 51206P109 2,099 596,400 SH   SOLE   451,900 0 144,500
LEAR CORP COM NEW 521865204 129,791 2,146,728 SH   SOLE   1,823,428 0 323,300
LIFEPOINT HOSPITALS INC COM 53219L109 46,642 955,000 SH   SOLE   795,000 0 160,000
LOCKHEED MARTIN CORP COM 539830109 265,975 2,452,286 SH   SOLE   1,599,886 0 852,400
LOWES COS INC COM 548661107 142,061 3,473,384 SH   SOLE   2,219,484 0 1,253,900
MAGNA INTL INC COM 559222401 201,928 2,835,274 SH   SOLE   2,141,674 0 693,600
MANPOWERGROUP INC COM 56418H100 151,803 2,770,136 SH   SOLE   2,339,736 0 430,400
MARATHON OIL CORP COM 565849106 185,366 5,360,501 SH   SOLE   3,403,101 0 1,957,400
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 45,894 3,919,186 SH   SOLE   3,800,386 0 118,800
MCDERMOTT INTL INC COM 580037109 18,192 2,223,900 SH   SOLE   2,022,400 0 201,500
MEDTRONIC INC COM 585055106 90,487 1,758,047 SH   SOLE   964,347 0 793,700
MERCK & CO INC NEW COM 58933Y105 47,789 1,028,832 SH   SOLE   776,932 0 251,900
MERITOR INC COM 59001K100 23,064 3,271,473 SH   SOLE   2,572,073 0 699,400
MICROSOFT CORP COM 594918104 578,928 16,765,947 SH   SOLE   10,700,847 0 6,065,100
MILLER INDS INC TENN COM NEW 600551204 25,694 1,670,628 SH   SOLE   1,175,436 0 495,192
MOLSON COORS BREWING CO CL B 60871R209 72,234 1,509,276 SH   SOLE   1,146,276 0 363,000
MONDELEZ INTL INC CL A 609207105 111,803 3,918,794 SH   SOLE   2,250,394 0 1,668,400
MORGAN STANLEY COM NEW 617446448 63,652 2,605,500 SH   SOLE   1,401,600 0 1,203,900
MURPHY OIL CORP COM 626717102 171,741 2,820,516 SH   SOLE   1,901,516 0 919,000
NATIONAL WESTN LIFE INS CO CL A 638522102 3,367 17,737 SH   SOLE   13,437 0 4,300
NAVISTAR INTL CORP NEW COM 63934E108 10,466 377,000 SH   SOLE   365,400 0 11,600
NEXTERA ENERGY INC COM 65339F101 782 9,600 SH   SOLE   9,600 0 0
NORANDA ALUM HLDG CORP COM 65542W107 14,436 4,469,298 SH   SOLE   3,589,898 0 879,400
NORTHROP GRUMMAN CORP COM 666807102 91,180 1,101,209 SH   SOLE   739,509 0 361,700
NOVARTIS A G SPONSORED ADR 66987V109 151,152 2,137,631 SH   SOLE   1,277,731 0 859,900
NRG ENERGY INC COM NEW 629377508 380,395 14,246,987 SH   SOLE   10,420,102 0 3,826,885
ON SEMICONDUCTOR CORP COM 682189105 90,098 11,150,800 SH   SOLE   10,273,800 0 877,000
ORACLE CORP COM 68389X105 348,244 11,336,081 SH   SOLE   6,848,181 0 4,487,900
OVERHILL FARMS INC COM 690212105 12,903 2,606,752 SH   SOLE   1,548,800 0 1,057,952
PACCAR INC COM 693718108 231,583 4,315,752 SH   SOLE   2,650,552 0 1,665,200
PEPSICO INC COM 713448108 116,615 1,425,781 SH   SOLE   883,681 0 542,100
PFIZER INC COM 717081103 5,742 205,000 SH   SOLE   205,000 0 0
PHARMERICA CORP COM 71714F104 16,626 1,199,595 SH   SOLE   902,295 0 297,300
PHH CORP COM NEW 693320202 108,012 5,299,900 SH   SOLE   4,755,300 0 544,600
PHILIP MORRIS INTL INC COM 718172109 653 7,534 SH   SOLE   7,534 0 0
PORTLAND GEN ELEC CO COM NEW 736508847 4,628 151,300 SH   SOLE   151,300 0 0
PPL CORP COM 69351T106 85,838 2,836,686 SH   SOLE   2,330,886 0 505,800
PUBLIC SVC ENTERPRISE GROUP COM 744573106 345,656 10,583,465 SH   SOLE   7,107,365 0 3,476,100
QLOGIC CORP COM 747277101 13,889 1,452,857 SH   SOLE   1,116,657 0 336,200
QUEST DIAGNOSTICS INC COM 74834L100 78,473 1,294,300 SH   SOLE   837,100 0 457,200
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 21,625 475,700 SH   SOLE   430,300 0 45,400
QUIKSILVER INC COM 74838C106 29,823 4,630,900 SH   SOLE   3,651,000 0 979,900
REGIONS FINL CORP NEW COM 7591EP100 117,816 12,362,604 SH   SOLE   11,151,504 0 1,211,100
RENT A CTR INC NEW COM 76009N100 115,698 3,081,170 SH   SOLE   2,690,670 0 390,500
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 12,112 555,844 SH   SOLE   555,844 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 511,391 7,716,774 SH   SOLE   4,909,474 0 2,807,300
RUBY TUESDAY INC COM 781182100 7,705 834,800 SH   SOLE   634,700 0 200,100
RUSH ENTERPRISES INC CL A 781846209 34,796 1,405,900 SH   SOLE   1,083,500 0 322,400
SANOFI SPONSORED ADR 80105N105 187,183 3,633,907 SH   SOLE   2,290,007 0 1,343,900
STANLEY BLACK & DECKER INC COM 854502101 188,693 2,441,050 SH   SOLE   1,644,550 0 796,500
STAPLES INC COM 855030102 54,758 3,452,600 SH   SOLE   3,347,600 0 105,000
STONE ENERGY CORP COM 861642106 42,047 1,908,626 SH   SOLE   1,698,926 0 209,700
SUNTRUST BKS INC COM 867914103 275,056 8,712,584 SH   SOLE   5,919,084 0 2,793,500
SYMANTEC CORP COM 871503108 12,799 569,600 SH   SOLE   552,300 0 17,300
SYMETRA FINL CORP COM 87151Q106 38,835 2,428,732 SH   SOLE   1,841,822 0 586,910
SYMMETRICOM INC COM 871543104 3,772 840,100 SH   SOLE   614,900 0 225,200
SYNOVUS FINL CORP COM 87161C105 17,378 5,951,465 SH   SOLE   4,567,665 0 1,383,800
TARGET CORP COM 87612E106 268,391 3,897,639 SH   SOLE   2,475,839 0 1,421,800
TE CONNECTIVITY LTD REG SHS H84989104 201,657 4,428,135 SH   SOLE   3,058,055 0 1,370,080
TEXAS INSTRS INC COM 882508104 118,308 3,392,817 SH   SOLE   2,151,817 0 1,241,000
TIME WARNER CABLE INC COM 88732J207 123,447 1,097,500 SH   SOLE   534,300 0 563,200
TORCHMARK CORP COM 891027104 31,196 478,900 SH   SOLE   463,600 0 15,300
TOTAL S A SPONSORED ADR 89151E109 477,380 9,802,466 SH   SOLE   6,243,466 0 3,559,000
TUTOR PERINI CORP COM 901109108 12,999 718,599 SH   SOLE   550,099 0 168,500
UNITED STATES STL CORP NEW COM 912909108 1,512 75,000 SH Put SOLE   75,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 379,282 5,792,331 SH   SOLE   3,702,531 0 2,089,800
UNUM GROUP COM 91529Y106 372,059 12,668,009 SH   SOLE   8,932,609 0 3,735,400
VALASSIS COMMUNICATIONS INC COM 918866104 180,688 7,348,030 SH   SOLE   6,590,130 0 757,900
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 463,000 16,109,963 SH   SOLE   10,189,463 0 5,920,500
WAL-MART STORES INC COM 931142103 316,436 4,248,029 SH   SOLE   2,615,529 0 1,632,500
WEBSTER FINL CORP CONN COM 947890109 14,920 580,992 SH   SOLE   450,992 0 130,000
WELLPOINT INC COM 94973V107 258,442 3,157,899 SH   SOLE   2,007,099 0 1,150,800
WELLS FARGO & CO NEW COM 949746101 349,731 8,474,207 SH   SOLE   5,321,838 0 3,152,369
WESTAR ENERGY INC COM 95709T100 6,095 190,700 SH   SOLE   163,800 0 26,900
WESTERN UN CO COM 959802109 17,697 1,034,300 SH   SOLE   1,002,000 0 32,300
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 72,002 1,765,617 SH   SOLE   1,712,417 0 53,200
ZIMMER HLDGS INC COM 98956P102 137,070 1,829,063 SH   SOLE   1,278,963 0 550,100
ZIONS BANCORPORATION COM 989701107 55,990 1,938,701 SH   SOLE   1,879,301 0 59,400