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
ALLEGHANY CORP DEL COM 017175100 32,944 66,393 SH   SOLE 63,723 0 2,670
ALLISON TRANSMISSION HLDGS I COM 01973R101 18,701 693,135 SH   SOLE 664,935 0 28,200
ALLSTATE CORP COM 020002101 184,081 2,732,393 SH   SOLE 1,461,774 0 1,270,619
AMERICAN AXLE & MFG HLDGS IN COM 024061103 357 23,198 SH   SOLE 23,198 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,195 117,400 SH   SOLE 117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 904,890 16,741,715 SH   SOLE 9,547,312 0 7,194,403
AMERICAN VANGUARD CORP COM 030371108 30,612 1,939,943 SH   SOLE 1,617,243 0 322,700
ANTHEM INC COM 036752103 318,184 2,289,258 SH   SOLE 1,308,888 0 980,370
ARRIS INTL INC SHS G0551A103 188,868 8,240,303 SH   SOLE 7,560,403 0 679,900
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 4,155 87,104 SH   SOLE 72,104 0 15,000
ASSOCIATED BANC CORP COM 045487105 22,302 1,243,148 SH   SOLE 1,017,348 0 225,800
AVIS BUDGET GROUP COM 053774105 17,943 655,800 SH   SOLE 628,500 0 27,300
AVNET INC COM 053807103 62,865 1,419,064 SH   SOLE 1,359,764 0 59,300
BANCORP INC DEL COM 05969A105 60 10,453 SH   SOLE 10,453 0 0
BANK AMER CORP *W EXP 01/16/201 060505146 1,374 353,163 SH   SOLE 353,163 0 0
BANK AMER CORP COM 060505104 809,950 59,907,572 SH   SOLE 33,810,865 0 26,096,707
BARCLAYS PLC ADR 06738E204 146 16,976 SH   SOLE 16,976 0 0
BED BATH & BEYOND INC COM 075896100 376,478 7,584,168 SH   SOLE 4,924,034 0 2,660,134
BEST BUY INC COM 086516101 26,273 809,906 SH   SOLE 776,606 0 33,300
BOEING CO COM 097023105 159,804 1,258,891 SH   SOLE 676,818 0 582,073
BOULDER GROWTH & INCOME FD I COM 101507101 929 118,292 SH   SOLE 118,292 0 0
BRINKS CO COM 109696104 17,478 520,345 SH   SOLE 452,645 0 67,700
BROWN & BROWN INC COM 115236101 85,813 2,397,000 SH   SOLE 2,301,400 0 95,600
BUNGE LIMITED COM G16962105 96,354 1,700,258 SH   SOLE 1,182,176 0 518,082
CALPINE CORP COM NEW 131347304 587,979 38,759,340 SH   SOLE 24,193,378 0 14,565,962
CAPITAL ONE FINL CORP COM 14040H105 375,050 5,411,189 SH   SOLE 3,059,694 0 2,351,495
CBS CORP NEW CL B 124857202 175,754 3,190,307 SH   SOLE 1,689,557 0 1,500,750
CDW CORP COM 12514G108 75,476 1,818,690 SH   SOLE 1,745,390 0 73,300
CIRCOR INTL INC COM 17273K109 14,949 322,248 SH   SOLE 263,548 0 58,700
CIT GROUP INC COM NEW 125581801 72,479 2,335,771 SH   SOLE 2,241,771 0 94,000
CITIGROUP INC COM NEW 172967424 742,762 17,790,711 SH   SOLE 9,953,037 0 7,837,674
CITIZENS FINL GROUP INC COM 174610105 447,926 21,380,717 SH   SOLE 13,553,515 0 7,827,202
CNH INDL N V SHS N20944109 239,143 35,376,141 SH   SOLE 19,427,052 0 15,949,089
COBALT INTL ENERGY INC COM 19075F106 143,043 48,162,769 SH   SOLE 27,634,515 0 20,528,254
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 9,567 18,992,000 PRN   SOLE 18,992,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 8,578 21,050,000 PRN   SOLE 20,359,000 0 691,000
COMCAST CORP NEW CL A 20030N101 263,744 4,318,014 SH   SOLE 2,304,013 0 2,014,001
COMERICA INC COM 200340107 17,549 463,400 SH   SOLE 444,200 0 19,200
CORNING INC COM 219350105 1,001,207 47,927,581 SH   SOLE 29,049,753 0 18,877,828
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 20,002 624,101 SH   SOLE 599,901 0 24,200
CUMMINS INC COM 231021106 646,342 5,879,047 SH   SOLE 3,435,877 0 2,443,170
DIODES INC COM 254543101 35,325 1,757,476 SH   SOLE 1,476,776 0 280,700
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 296,235 10,347,018 SH   SOLE 6,238,323 0 4,108,695
EATON CORP PLC SHS G29183103 106,657 1,704,871 SH   SOLE 587,693 0 1,117,178
EMBRAER S A SP ADR REP 4 COM 29082A107 115,415 4,378,418 SH   SOLE 2,703,018 0 1,675,400
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2,318 35,469 SH   SOLE 23,669 0 11,800
ENPRO INDS INC COM 29355X107 71,224 1,234,820 SH   SOLE 1,021,120 0 213,700
ENSTAR GROUP LIMITED SHS G3075P101 70,146 431,457 SH   SOLE 376,127 0 55,330
ERICSSON ADR B SEK 10 294821608 285,028 28,417,528 SH   SOLE 16,182,751 0 12,234,777
EXPRESS SCRIPTS HLDG CO COM 30219G108 106,810 1,554,950 SH   SOLE 515,973 0 1,038,977
EXTREME NETWORKS INC COM 30226D106 20,446 6,574,368 SH   SOLE 5,331,468 0 1,242,900
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,729 564,998 SH   SOLE 564,998 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 636 80,215 SH   SOLE 80,215 0 0
FIFTH STREET FINANCE CORP COM 31678A103 705 140,507 SH   SOLE 140,507 0 0
FIFTH THIRD BANCORP COM 316773100 34,266 2,053,100 SH   SOLE 1,966,600 0 86,500
FIRST BANCORP P R COM NEW 318672706 16,341 5,596,161 SH   SOLE 4,571,761 0 1,024,400
FIRST HORIZON NATL CORP COM 320517105 43,210 3,298,441 SH   SOLE 2,767,799 0 530,642
FIRST NIAGARA FINL GP INC COM 33582V108 72,199 7,458,584 SH   SOLE 6,185,384 0 1,273,200
GENERAL MLS INC COM 370334104 1,159 18,300 SH   SOLE 0 0 18,300
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,909 88,186 SH   SOLE 88,186 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 2,618 191,643 SH   SOLE 191,643 0 0
GENERAL MTRS CO COM 37045V100 347,977 11,071,498 SH   SOLE 6,103,307 0 4,968,191
GEO GROUP INC NEW COM 36162J106 120,481 3,475,088 SH   SOLE 3,031,204 0 443,884
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 361,516 8,915,323 SH   SOLE 4,960,402 0 3,954,921
GLOBAL INDEMNITY PLC SHS G39319101 37,883 1,216,915 SH   SOLE 986,989 0 229,926
GOLDEN ENTMT INC COM 381013101 2,570 237,039 SH   SOLE 195,489 0 41,550
GOLDMAN SACHS GROUP INC COM 38141G104 228,068 1,452,847 SH   SOLE 884,479 0 568,368
GOODYEAR TIRE & RUBR CO COM 382550101 88,657 2,688,206 SH   SOLE 2,577,706 0 110,500
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 23,124 805,716 SH   SOLE 676,916 0 128,800
GREAT PLAINS ENERGY INC COM 391164100 238,991 7,410,583 SH   SOLE 6,607,683 0 802,900
HARLEY DAVIDSON INC COM 412822108 150,562 2,933,215 SH   SOLE 1,557,906 0 1,375,309
HARTE-HANKS INC COM 416196103 56 22,102 SH   SOLE 22,102 0 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 9,457 399,048 SH   SOLE 321,848 0 77,200
HESS CORP COM 42809H107 742,344 14,099,595 SH   SOLE 8,116,192 0 5,983,403
HEWLETT PACKARD ENTERPRISE C COM 42824C109 441,991 24,928,986 SH   SOLE 16,180,013 0 8,748,973
HILL INTERNATIONAL INC COM 431466101 46 13,504 SH   SOLE 13,504 0 0
HONDA MOTOR LTD AMERN SHS 438128308 245,343 8,973,774 SH   SOLE 4,735,616 0 4,238,158
HORACE MANN EDUCATORS CORP N COM 440327104 93,328 2,945,045 SH   SOLE 2,427,045 0 518,000
HP INC COM 40434L105 128,208 10,406,478 SH   SOLE 5,497,105 0 4,909,373
HUDSON GLOBAL INC COM 443787106 11,289 4,763,115 SH   SOLE 3,624,960 0 1,138,155
HUMANA INC COM 444859102 177,971 972,785 SH   SOLE 531,901 0 440,884
INGRAM MICRO INC CL A 457153104 35,156 979,005 SH   SOLE 938,705 0 40,300
INTEROIL CORP COM 460951106 20,454 642,600 SH   SOLE 617,200 0 25,400
INTL PAPER CO COM 460146103 234,228 5,707,308 SH   SOLE 3,590,724 0 2,116,584
INTRAWEST RESORTS HLDGS INC COM 46090K109 7,152 836,453 SH   SOLE 836,453 0 0
INVACARE CORP COM 461203101 18,582 1,410,905 SH   SOLE 1,163,673 0 247,232
INVESTORS BANCORP INC NEW COM 46146L101 9,867 847,695 SH   SOLE 655,295 0 192,400
JOHNSON CTLS INC COM 478366107 395,419 10,146,744 SH   SOLE 5,475,626 0 4,671,118
JPMORGAN CHASE & CO COM 46625H100 542,166 9,155,119 SH   SOLE 5,317,652 0 3,837,467
KAISER ALUMINUM CORP COM PAR $0.01 483007704 3,070 36,312 SH   SOLE 36,312 0 0
KBR INC COM 48242W106 44,725 2,889,197 SH   SOLE 2,495,997 0 393,200
KCAP FINL INC COM 48668E101 47 12,978 SH   SOLE 12,978 0 0
KELLOGG CO COM 487836108 77,741 1,015,552 SH   SOLE 350,153 0 665,399
KOHLS CORP COM 500255104 77,392 1,660,410 SH   SOLE 1,591,610 0 68,800
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 242,874 8,506,986 SH   SOLE 4,724,387 0 3,782,599
KORN FERRY INTL COM NEW 500643200 2,796 98,831 SH   SOLE 98,831 0 0
KOSMOS ENERGY LTD SHS G5315B107 187,222 32,168,707 SH   SOLE 24,021,165 0 8,147,542
LIFEPOINT HEALTH INC COM 53219L109 72,902 1,052,743 SH   SOLE 878,543 0 174,200
LILLY ELI & CO COM 532457108 1,937 26,900 SH   SOLE 0 0 26,900
LOUISIANA PAC CORP COM 546347105 3,116 182,023 SH   SOLE 182,023 0 0
M/I HOMES INC COM 55305B101 21,687 1,162,864 SH   SOLE 968,364 0 194,500
MANPOWERGROUP INC COM 56418H100 28,879 354,696 SH   SOLE 287,896 0 66,800
MARATHON OIL CORP COM 565849106 619,434 55,604,492 SH   SOLE 32,656,950 0 22,947,542
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 55,772 5,409,534 SH   SOLE 5,196,934 0 212,600
MASONITE INTL CORP NEW COM 575385109 76,456 1,167,273 SH   SOLE 962,973 0 204,300
MATSON INC COM 57686G105 63,322 1,576,341 SH   SOLE 1,300,641 0 275,700
MCDERMOTT INTL INC COM 580037109 34,720 8,489,092 SH   SOLE 7,693,992 0 795,100
MEDTRONIC PLC SHS G5960L103 178,051 2,374,011 SH   SOLE 1,291,498 0 1,082,513
MERITOR INC COM 59001K100 22,050 2,735,703 SH   SOLE 2,330,703 0 405,000
MERITOR INC NOTE 7.875% 3/0 59001KAC4 8,643 7,423,000 PRN   SOLE 7,196,000 0 227,000
MICROSOFT CORP COM 594918104 775,223 14,036,258 SH   SOLE 7,851,840 0 6,184,418
MILLER INDS INC TENN COM NEW 600551204 30,635 1,510,607 SH   SOLE 1,211,019 0 299,588
MORGAN STANLEY COM NEW 617446448 177,957 7,115,424 SH   SOLE 2,454,417 0 4,661,007
MURPHY OIL CORP COM 626717102 251,813 9,996,540 SH   SOLE 6,186,343 0 3,810,197
NATIONAL WESTN LIFE GROUP IN CL A 638517102 3,204 13,892 SH   SOLE 9,092 0 4,800
NAVISTAR INTL CORP NEW COM 63934E108 102,435 8,181,692 SH   SOLE 7,810,392 0 371,300
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 9,692 16,153,000 PRN   SOLE 15,625,000 0 528,000
NEWS CORP NEW CL A 65249B109 47,553 3,723,773 SH   SOLE 3,575,273 0 148,500
NL INDS INC COM NEW 629156407 35 15,683 SH   SOLE 15,683 0 0
NORDSTROM INC COM 655664100 152,436 2,664,497 SH   SOLE 1,422,865 0 1,241,632
NRG ENERGY INC COM NEW 629377508 387,632 29,794,925 SH   SOLE 20,301,812 0 9,493,113
OFFICE DEPOT INC COM 676220106 186,583 26,279,330 SH   SOLE 23,901,130 0 2,378,200
OMNICOM GROUP INC COM 681919106 56,075 673,733 SH   SOLE 231,565 0 442,168
ON SEMICONDUCTOR CORP COM 682189105 112,579 11,739,253 SH   SOLE 10,655,253 0 1,084,000
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 19,924 1,262,614 SH   SOLE 1,040,614 0 222,000
ORACLE CORP COM 68389X105 639,343 15,628,045 SH   SOLE 8,765,548 0 6,862,497
ORION MARINE GROUP INC COM 68628V308 56 10,905 SH   SOLE 10,905 0 0
PACCAR INC COM 693718108 154,130 2,818,254 SH   SOLE 1,551,111 0 1,267,143
PACKAGING CORP AMER COM 695156109 56,352 932,988 SH   SOLE 314,767 0 618,221
PARKER HANNIFIN CORP COM 701094104 253,422 2,281,433 SH   SOLE 1,299,278 0 982,155
PERFORMANT FINL CORP COM 71377E105 29 17,202 SH   SOLE 17,202 0 0
PHH CORP COM NEW 693320202 69,749 5,562,110 SH   SOLE 5,138,710 0 423,400
POPULAR INC COM NEW 733174700 199,831 6,984,654 SH   SOLE 6,476,554 0 508,100
PORTLAND GEN ELEC CO COM NEW 736508847 50,821 1,286,930 SH   SOLE 1,145,230 0 141,700
PPL CORP COM 69351T106 101,641 2,669,834 SH   SOLE 1,540,968 0 1,128,866
QLOGIC CORP COM 747277101 43,107 3,207,352 SH   SOLE 2,637,452 0 569,900
RANGE RES CORP COM 75281A109 17,275 533,500 SH   SOLE 511,600 0 21,900
REAL IND INC COM 75601W104 43,869 5,042,446 SH   SOLE 4,164,227 0 878,219
REGIONS FINL CORP NEW COM 7591EP100 103,725 13,213,327 SH   SOLE 12,672,927 0 540,400
RENT A CTR INC NEW COM 76009N100 20,137 1,270,470 SH   SOLE 1,224,770 0 45,700
ROCKWELL COLLINS INC COM 774341101 102,934 1,116,295 SH   SOLE 386,227 0 730,068
ROWAN COMPANIES PLC SHS CL A G7665A101 7,966 494,799 SH   SOLE 475,699 0 19,100
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 28,211 1,133,446 SH   SOLE 1,075,640 0 57,806
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 321,530 6,636,316 SH   SOLE 3,614,520 0 3,021,796
RUBY TUESDAY INC COM 781182100 15,348 2,852,796 SH   SOLE 2,359,696 0 493,100
RUSH ENTERPRISES INC CL A 781846209 87,477 4,795,880 SH   SOLE 4,105,580 0 690,300
SANOFI SPONSORED ADR 80105N105 408,226 10,164,994 SH   SOLE 5,517,128 0 4,647,866
SANTANDER CONSUMER USA HDG I COM 80283M101 43,404 4,137,702 SH   SOLE 3,974,502 0 163,200
SEARS HOMETOWN & OUTLET STOR COM 812362101 65 10,105 SH   SOLE 10,105 0 0
SLM CORP COM 78442P106 8,541 1,342,911 SH   SOLE 996,111 0 346,800
SONIC AUTOMOTIVE INC CL A 83545G102 43,443 2,350,837 SH   SOLE 1,877,737 0 473,100
SOUTHERN CO COM 842587107 109,671 2,120,067 SH   SOLE 1,235,646 0 884,421
STANLEY BLACK & DECKER INC COM 854502101 894 8,500 SH   SOLE 0 0 8,500
STAPLES INC COM 855030102 36,217 3,283,518 SH   SOLE 3,169,818 0 113,700
STATE STR CORP COM 857477103 291,082 4,974,067 SH   SOLE 2,984,189 0 1,989,878
SUNTRUST BKS INC COM 867914103 123,666 3,427,551 SH   SOLE 1,749,543 0 1,678,008
SYMANTEC CORP COM 871503108 31,716 1,725,587 SH   SOLE 1,658,587 0 67,000
TARGET CORP COM 87612E106 162,658 1,976,886 SH   SOLE 1,081,563 0 895,323
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 21,342 148,983 SH   SOLE 114,883 0 34,100
TERADATA CORP DEL COM 88076W103 97,147 3,702,251 SH   SOLE 2,175,613 0 1,526,638
TRI POINTE GROUP INC COM 87265H109 113,976 9,675,395 SH   SOLE 8,816,595 0 858,800
TUTOR PERINI CORP COM 901109108 47,058 3,028,186 SH   SOLE 2,498,586 0 529,600
UNUM GROUP COM 91529Y106 347,654 11,243,671 SH   SOLE 6,967,384 0 4,276,287
VAALCO ENERGY INC COM NEW 91851C201 51 53,765 SH   SOLE 53,765 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 25 43,800 SH Put SOLE 43,800 0 0
VIVINT SOLAR INC COM 92854Q106 558 210,400 SH   SOLE 210,400 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 418,901 13,070,246 SH   SOLE 7,268,275 0 5,801,971
WAL-MART STORES INC COM 931142103 207,835 3,034,527 SH   SOLE 1,686,368 0 1,348,159
WASHINGTON FED INC COM 938824109 11,735 518,083 SH   SOLE 432,183 0 85,900
WELLCARE HEALTH PLANS INC COM 94946T106 37,566 405,021 SH   SOLE 339,821 0 65,200
WELLS FARGO & CO NEW COM 949746101 184,258 3,810,128 SH   SOLE 2,139,512 0 1,670,616
WESTAR ENERGY INC COM 95709T100 3,929 79,200 SH   SOLE 52,300 0 26,900
WILLIS TOWERS WATSON PUB LTD SHS G96629103 100,036 843,045 SH   SOLE 810,306 0 32,739
XPO LOGISTICS INC COM 983793100 19,740 643,000 SH   SOLE 617,100 0 25,900
XURA INC COM 98420V107 35,468 1,803,128 SH   SOLE 1,524,998 0 278,130
ZIMMER BIOMET HLDGS INC COM 98956P102 221,145 2,073,943 SH   SOLE 1,174,025 0 899,918
ZIONS BANCORPORATION COM 989701107 14,587 602,528 SH   SOLE 576,828 0 25,700