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 37,132 77,693 SH   SOLE 74,793 0 2,900
ALLISON TRANSMISSION HLDGS I COM 01973R101 18,328 707,935 SH   SOLE 683,135 0 24,800
ALLSTATE CORP COM 020002101 249,367 4,016,224 SH   SOLE 2,193,405 0 1,822,819
AMERICAN AXLE & MFG HLDGS IN COM 024061103 446 23,555 SH   SOLE 23,555 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,789 117,400 SH   SOLE 117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 949,036 15,314,446 SH   SOLE 8,917,443 0 6,397,003
AMERICAN VANGUARD CORP COM 030371108 27,390 1,954,998 SH   SOLE 1,627,398 0 327,600
ANTHEM INC COM 036752103 332,339 2,383,386 SH   SOLE 1,390,016 0 993,370
ARRIS GROUP INC NEW COM 04270V106 206,481 6,754,358 SH   SOLE 6,201,258 0 553,100
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 6,231 128,996 SH   SOLE 113,996 0 15,000
ASSOCIATED BANC CORP COM 045487105 23,339 1,244,748 SH   SOLE 1,015,748 0 229,000
AVNET INC COM 053807103 93,313 2,178,164 SH   SOLE 2,099,164 0 79,000
BANK AMER CORP COM 060505104 820,185 48,733,490 SH   SOLE 28,178,483 0 20,555,007
BANK AMER CORP *W EXP 01/16/201 060505146 1,305 224,663 SH   SOLE 224,663 0 0
BANK NEW YORK MELLON CORP COM 064058100 58,123 1,410,072 SH   SOLE 487,738 0 922,334
BARCLAYS PLC ADR 06738E204 136 10,473 SH   SOLE 10,473 0 0
BED BATH & BEYOND INC COM 075896100 348,369 7,220,080 SH   SOLE 4,590,646 0 2,629,434
BEST BUY INC COM 086516101 26,205 860,606 SH   SOLE 829,506 0 31,100
BOEING CO COM 097023105 176,137 1,218,179 SH   SOLE 668,706 0 549,473
BOULDER GROWTH & INCOME FD I COM 101507101 916 118,292 SH   SOLE 118,292 0 0
BRINKS CO COM 109696104 14,937 517,574 SH   SOLE 448,774 0 68,800
BROWN & BROWN INC COM 115236101 89,797 2,797,400 SH   SOLE 2,697,800 0 99,600
BUNGE LIMITED COM G16962105 113,820 1,666,958 SH   SOLE 1,156,276 0 510,682
CALPINE CORP COM NEW 131347304 578,409 39,973,013 SH   SOLE 26,015,451 0 13,957,562
CAPITAL ONE FINL CORP COM 14040H105 362,209 5,018,130 SH   SOLE 2,830,235 0 2,187,895
CBS CORP NEW CL B 124857202 154,332 3,274,607 SH   SOLE 1,773,957 0 1,500,650
CDW CORP COM 12514G108 50,380 1,198,390 SH   SOLE 1,156,890 0 41,500
CENTURY ALUM CO COM 156431108 19,568 4,427,134 SH   SOLE 3,702,834 0 724,300
CIRCOR INTL INC COM 17273K109 14,843 352,148 SH   SOLE 292,548 0 59,600
CIT GROUP INC COM NEW 125581801 57,365 1,444,971 SH   SOLE 1,392,871 0 52,100
CITIGROUP INC COM NEW 172967424 812,950 15,709,187 SH   SOLE 8,976,113 0 6,733,074
CITIZENS FINL GROUP INC COM 174610105 442,637 16,900,999 SH   SOLE 11,118,997 0 5,782,002
CNH INDL N V SHS N20944109 248,304 36,301,692 SH   SOLE 20,357,103 0 15,944,589
COBALT INTL ENERGY INC COM 19075F106 250,774 46,439,548 SH   SOLE 26,094,294 0 20,345,254
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 5,507 9,650,000 PRN   SOLE 9,650,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 11,209 21,050,000 PRN   SOLE 21,050,000 0 0
COMCAST CORP NEW CL A 20030N101 272,278 4,825,050 SH   SOLE 2,635,449 0 2,189,601
COMMERCIAL VEH GROUP INC COM 202608105 42 15,112 SH   SOLE 15,112 0 0
COMSTOCK RES INC COM NEW 205768203 14,342 7,669,716 SH   SOLE 7,413,816 0 255,900
CORNING INC COM 219350105 901,906 49,338,425 SH   SOLE 30,464,897 0 18,873,528
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 19,525 737,077 SH   SOLE 714,577 0 22,500
CUMMINS INC COM 231021106 508,103 5,773,243 SH   SOLE 3,443,773 0 2,329,470
DENBURY RES INC COM NEW 247916208 43 21,180 SH   SOLE 21,180 0 0
DIODES INC COM 254543101 41,786 1,818,346 SH   SOLE 1,533,346 0 285,000
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 263,472 9,875,281 SH   SOLE 5,998,186 0 3,877,095
EATON CORP PLC SHS G29183103 111,240 2,137,585 SH   SOLE 749,407 0 1,388,178
EMBRAER S A SP ADR REP 4 COM 29082A107 137,207 4,644,773 SH   SOLE 2,979,173 0 1,665,600
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2,826 44,169 SH   SOLE 32,369 0 11,800
ENPRO INDS INC COM 29355X107 63,139 1,440,220 SH   SOLE 1,205,520 0 234,700
ENSTAR GROUP LIMITED SHS G3075P101 64,437 429,466 SH   SOLE 373,636 0 55,830
ERICSSON ADR B SEK 10 294821608 276,711 28,794,079 SH   SOLE 16,867,502 0 11,926,577
EXPRESS SCRIPTS HLDG CO COM 30219G108 139,004 1,590,250 SH   SOLE 556,573 0 1,033,677
EXTREME NETWORKS INC COM 30226D106 31,888 7,815,666 SH   SOLE 6,457,966 0 1,357,700
FIFTH STR ASSET MGMT INC CL A COM 31679P109 748 229,370 SH   SOLE 229,370 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 569 66,386 SH   SOLE 66,386 0 0
FIFTH STREET FINANCE CORP COM 31678A103 790 123,778 SH   SOLE 123,778 0 0
FIFTH THIRD BANCORP COM 316773100 33,503 1,666,800 SH   SOLE 1,608,100 0 58,700
FIRST BANCORP P R COM NEW 318672706 14,928 4,593,343 SH   SOLE 3,803,443 0 789,900
FIRST HORIZON NATL CORP COM 320517105 49,858 3,433,717 SH   SOLE 2,895,075 0 538,642
FIRST NIAGARA FINL GP INC COM 33582V108 83,316 7,678,850 SH   SOLE 6,386,350 0 1,292,500
FORD MTR CO DEL COM PAR $0.01 345370860 1,226 87,000 SH   SOLE 0 0 87,000
GENERAL MLS INC COM 370334104 1,055 18,300 SH   SOLE 0 0 18,300
GENERAL MTRS CO COM 37045V100 384,414 11,302,984 SH   SOLE 6,394,510 0 4,908,474
GENERAL MTRS CO *W EXP 07/10/201 37045V118 2,150 88,186 SH   SOLE 88,186 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 3,135 191,643 SH   SOLE 191,643 0 0
GEO GROUP INC NEW COM 36162J106 110,664 3,827,888 SH   SOLE 3,361,704 0 466,184
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 488,353 12,102,919 SH   SOLE 6,840,398 0 5,262,521
GLOBAL INDEMNITY PLC SHS G39319101 34,724 1,196,562 SH   SOLE 962,136 0 234,426
GOLDEN ENTMT INC COM 381013101 2,641 258,127 SH   SOLE 212,477 0 45,650
GOLDMAN SACHS GROUP INC COM 38141G104 199,817 1,108,678 SH   SOLE 656,110 0 452,568
GOODYEAR TIRE & RUBR CO COM 382550101 91,463 2,799,606 SH   SOLE 2,697,406 0 102,200
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 22,134 806,323 SH   SOLE 675,523 0 130,800
GREAT PLAINS ENERGY INC COM 391164100 265,548 9,723,480 SH   SOLE 8,816,380 0 907,100
HANGER INC COM NEW 41043F208 84,304 5,124,851 SH   SOLE 4,291,268 0 833,583
HARLEY DAVIDSON INC COM 412822108 137,737 3,034,515 SH   SOLE 1,659,206 0 1,375,309
HARSCO CORP COM 415864107 6,887 874,008 SH   SOLE 744,708 0 129,300
HEIDRICK & STRUGGLES INTL IN COM 422819102 10,800 396,769 SH   SOLE 318,469 0 78,300
HESS CORP COM 42809H107 597,138 12,317,196 SH   SOLE 7,213,793 0 5,103,403
HEWLETT PACKARD ENTERPRISE C COM 42824C109 521,192 34,288,946 SH   SOLE 22,055,373 0 12,233,573
HIGHER ONE HLDGS INC COM 42983D104 65 19,988 SH   SOLE 19,988 0 0
HONDA MOTOR LTD AMERN SHS 438128308 296,621 9,289,734 SH   SOLE 5,056,476 0 4,233,258
HORACE MANN EDUCATORS CORP N COM 440327104 101,965 3,073,086 SH   SOLE 2,547,386 0 525,700
HORSEHEAD HLDG CORP COM 440694305 28 13,755 SH   SOLE 13,755 0 0
HP INC COM 40434L105 126,992 10,725,678 SH   SOLE 5,816,305 0 4,909,373
HUDSON GLOBAL INC COM 443787106 14,034 4,806,215 SH   SOLE 3,646,360 0 1,159,855
HUMANA INC COM 444859102 176,201 987,067 SH   SOLE 546,183 0 440,884
INGRAM MICRO INC CL A 457153104 55,316 1,820,805 SH   SOLE 1,753,405 0 67,400
INTERPUBLIC GROUP COS INC COM 460690100 61,256 2,631,269 SH   SOLE 933,138 0 1,698,131
INTL PAPER CO COM 460146103 189,117 5,016,374 SH   SOLE 3,435,190 0 1,581,184
INTRAWEST RESORTS HLDGS INC COM 46090K109 12,550 1,604,900 SH   SOLE 1,604,900 0 0
INVACARE CORP COM 461203101 21,346 1,227,505 SH   SOLE 1,047,573 0 179,932
INVESTORS BANCORP INC NEW COM 46146L101 10,548 847,895 SH   SOLE 652,495 0 195,400
JASON INDS INC COM 471172106 48 12,764 SH   SOLE 12,764 0 0
JOHNSON CTLS INC COM 478366107 410,413 10,392,844 SH   SOLE 5,725,026 0 4,667,818
JPMORGAN CHASE & CO COM 46625H100 638,896 9,675,851 SH   SOLE 5,721,684 0 3,954,167
KAISER ALUMINUM CORP COM PAR $0.01 483007704 4,718 56,392 SH   SOLE 50,592 0 5,800
KBR INC COM 48242W106 50,197 2,966,722 SH   SOLE 2,566,522 0 400,200
KELLOGG CO COM 487836108 141,061 1,951,865 SH   SOLE 1,061,966 0 889,899
KOHLS CORP COM 500255104 128,838 2,704,982 SH   SOLE 2,605,182 0 99,800
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 95,987 3,771,601 SH   SOLE 2,084,402 0 1,687,199
KORN FERRY INTL COM NEW 500643200 3,076 92,710 SH   SOLE 92,710 0 0
KOSMOS ENERGY LTD SHS G5315B107 167,163 32,146,687 SH   SOLE 24,036,445 0 8,110,242
LIFEPOINT HEALTH INC COM 53219L109 81,054 1,104,277 SH   SOLE 930,877 0 173,400
LILLY ELI & CO COM 532457108 2,267 26,900 SH   SOLE 0 0 26,900
LOUISIANA PAC CORP COM 546347105 32,919 1,827,823 SH   SOLE 1,476,223 0 351,600
LYON WILLIAM HOMES CL A NEW 552074700 27,335 1,656,659 SH   SOLE 1,373,059 0 283,600
M/I HOMES INC COM 55305B101 25,954 1,184,034 SH   SOLE 986,934 0 197,100
MANPOWERGROUP INC COM 56418H100 31,069 368,596 SH   SOLE 301,796 0 66,800
MARATHON OIL CORP COM 565849106 484,289 38,466,164 SH   SOLE 23,373,122 0 15,093,042
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 62,842 7,124,995 SH   SOLE 6,878,195 0 246,800
MASONITE INTL CORP NEW COM 575385109 79,171 1,293,010 SH   SOLE 1,085,610 0 207,400
MATSON INC COM 57686G105 63,908 1,499,141 SH   SOLE 1,249,641 0 249,500
MCDERMOTT INTL INC COM 580037109 27,233 8,129,365 SH   SOLE 7,402,865 0 726,500
MEDTRONIC PLC SHS G5960L103 298,520 3,880,914 SH   SOLE 2,238,901 0 1,642,013
MERITOR INC COM 59001K100 24,173 2,894,913 SH   SOLE 2,483,813 0 411,100
MERITOR INC NOTE 7.875% 3/0 59001KAC4 8,889 7,423,000 PRN   SOLE 7,423,000 0 0
MICROSOFT CORP COM 594918104 842,273 15,181,567 SH   SOLE 8,584,449 0 6,597,118
MILLER INDS INC TENN COM NEW 600551204 34,411 1,579,929 SH   SOLE 1,273,741 0 306,188
MORGAN STANLEY COM NEW 617446448 108,559 3,412,724 SH   SOLE 1,196,217 0 2,216,507
MURPHY OIL CORP COM 626717102 233,172 10,386,290 SH   SOLE 6,433,493 0 3,952,797
NATIONAL WESTN LIFE GROUP IN CL A 638517102 4,935 19,587 SH   SOLE 14,687 0 4,900
NAVISTAR INTL CORP NEW COM 63934E108 97,799 11,063,289 SH   SOLE 10,531,489 0 531,800
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 7,794 16,153,000 PRN   SOLE 16,153,000 0 0
NEWS CORP NEW CL A 65249B109 56,611 4,237,373 SH   SOLE 4,092,073 0 145,300
NISKA GAS STORAGE PARTNERS L UNIT LTD LIABI 654678101 235 75,000 SH   SOLE 75,000 0 0
NL INDS INC COM NEW 629156407 55 17,967 SH   SOLE 17,967 0 0
NORDSTROM INC COM 655664100 79,168 1,589,394 SH   SOLE 560,562 0 1,028,832
NRG ENERGY INC COM NEW 629377508 406,529 34,539,407 SH   SOLE 23,281,394 0 11,258,013
OFFICE DEPOT INC COM 676220106 49,506 8,777,572 SH   SOLE 8,138,072 0 639,500
OMNICOM GROUP INC COM 681919106 60,281 796,733 SH   SOLE 279,065 0 517,668
ON SEMICONDUCTOR CORP COM 682189105 95,668 9,762,053 SH   SOLE 8,983,353 0 778,700
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 22,029 1,267,490 SH   SOLE 1,042,390 0 225,100
ORACLE CORP COM 68389X105 609,418 16,682,665 SH   SOLE 9,385,868 0 7,296,797
PACCAR INC COM 693718108 138,837 2,929,054 SH   SOLE 1,661,911 0 1,267,143
PACKAGING CORP AMER COM 695156109 61,276 971,869 SH   SOLE 354,648 0 617,221
PARKER HANNIFIN CORP COM 701094104 265,500 2,737,675 SH   SOLE 1,595,220 0 1,142,455
PERFORMANT FINL CORP COM 71377E105 53 29,867 SH   SOLE 29,867 0 0
PHH CORP COM NEW 693320202 88,519 5,464,143 SH   SOLE 5,059,043 0 405,100
PHILIP MORRIS INTL INC COM 718172109 39,535 449,722 SH   SOLE 381,222 0 68,500
POPULAR INC COM NEW 733174700 193,179 6,816,490 SH   SOLE 6,351,090 0 465,400
PORTLAND GEN ELEC CO COM NEW 736508847 36,959 1,016,195 SH   SOLE 872,395 0 143,800
PPL CORP COM 69351T106 172,756 5,061,704 SH   SOLE 2,989,838 0 2,071,866
PUBLIC SVC ENTERPRISE GROUP COM 744573106 279 7,216 SH   SOLE 7,216 0 0
QLOGIC CORP COM 747277101 49,215 4,034,013 SH   SOLE 3,358,813 0 675,200
RANGE RES CORP COM 75281A109 44,549 1,810,200 SH   SOLE 1,745,700 0 64,500
REAL IND INC COM 75601W104 41,329 5,146,836 SH   SOLE 4,254,817 0 892,019
REGIONS FINL CORP NEW COM 7591EP100 112,985 11,769,227 SH   SOLE 11,341,227 0 428,000
RENT A CTR INC NEW COM 76009N100 19,630 1,311,270 SH   SOLE 1,268,670 0 42,600
ROCKWELL COLLINS INC COM 774341101 119,048 1,289,795 SH   SOLE 459,327 0 830,468
ROWAN COMPANIES PLC SHS CL A G7665A101 20,125 1,187,299 SH   SOLE 1,144,399 0 42,900
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 29,419 1,158,227 SH   SOLE 1,158,227 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 350,408 7,652,498 SH   SOLE 4,297,298 0 3,355,199
RUBY TUESDAY INC COM 781182100 15,825 2,871,996 SH   SOLE 2,371,896 0 500,100
RUSH ENTERPRISES INC CL A 781846209 101,959 4,657,795 SH   SOLE 3,972,295 0 685,500
SANOFI SPONSORED ADR 80105N105 432,530 10,141,383 SH   SOLE 5,606,717 0 4,534,666
SANTANDER CONSUMER USA HDG I COM 80283M101 26,775 1,689,291 SH   SOLE 1,625,491 0 63,800
SKULLCANDY INC COM 83083J104 49 10,462 SH   SOLE 10,462 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 61,786 2,714,689 SH   SOLE 2,234,389 0 480,300
SOUTHERN CO COM 842587107 191,316 4,088,815 SH   SOLE 2,243,194 0 1,845,621
STANLEY BLACK & DECKER INC COM 854502101 907 8,500 SH   SOLE 0 0 8,500
STAPLES INC COM 855030102 32,460 3,427,718 SH   SOLE 3,321,218 0 106,500
STATE STR CORP COM 857477103 245,732 3,703,008 SH   SOLE 2,265,530 0 1,437,478
SUNTRUST BKS INC COM 867914103 190,276 4,441,551 SH   SOLE 2,739,043 0 1,702,508
SYMANTEC CORP COM 871503108 39,062 1,860,087 SH   SOLE 1,796,687 0 63,400
TARGET CORP COM 87612E106 202,511 2,789,023 SH   SOLE 1,657,600 0 1,131,423
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 21,132 136,733 SH   SOLE 108,133 0 28,600
TERADATA CORP DEL COM 88076W103 102,220 3,869,051 SH   SOLE 2,345,813 0 1,523,238
TITAN INTL INC ILL COM 88830M102 44 11,189 SH   SOLE 11,189 0 0
TRI POINTE GROUP INC COM 87265H109 106,347 8,393,572 SH   SOLE 7,760,372 0 633,200
TUTOR PERINI CORP COM 901109108 43,615 2,605,433 SH   SOLE 2,170,933 0 434,500
UNUM GROUP COM 91529Y106 301,527 9,057,587 SH   SOLE 5,854,300 0 3,203,287
VAALCO ENERGY INC COM NEW 91851C201 58 36,496 SH   SOLE 36,496 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 73 43,800 SH Put SOLE 43,800 0 0
VIVINT SOLAR INC COM 92854Q106 545 57,000 SH   SOLE 57,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 446,687 13,846,451 SH   SOLE 7,912,480 0 5,933,971
WAL-MART STORES INC COM 931142103 217,840 3,553,671 SH   SOLE 2,057,812 0 1,495,859
WASHINGTON FED INC COM 938824109 12,446 522,283 SH   SOLE 435,083 0 87,200
WELLCARE HEALTH PLANS INC COM 94946T106 33,898 433,421 SH   SOLE 367,221 0 66,200
WELLS FARGO & CO NEW COM 949746101 212,854 3,915,628 SH   SOLE 2,248,012 0 1,667,616
WESTAR ENERGY INC COM 95709T100 3,444 81,200 SH   SOLE 54,300 0 26,900
WHITE MTNS INS GROUP LTD COM G9618E107 105,939 145,759 SH   SOLE 140,609 0 5,150
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 113,028 2,327,109 SH   SOLE 2,246,209 0 80,900
XPO LOGISTICS INC COM 983793100 28,510 1,046,248 SH   SOLE 954,848 0 91,400
XURA INC COM 98420V107 44,576 1,813,491 SH   SOLE 1,531,461 0 282,030
ZIMMER BIOMET HLDGS INC COM 98956P102 246,624 2,403,976 SH   SOLE 1,395,158 0 1,008,818
ZIONS BANCORPORATION COM 989701107 17,091 626,028 SH   SOLE 607,328 0 18,700