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 48,853 104,363 SH   SOLE 100,963 0 3,400
ALLISON TRANSMISSION HLDGS I COM 01973R101 20,504 768,235 SH   SOLE 744,035 0 24,200
ALLSTATE CORP COM 020002101 240,516 4,129,738 SH   SOLE 2,291,238 0 1,838,500
AMERICAN AXLE & MFG HLDGS IN COM 024061103 470 23,555 SH   SOLE 23,555 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,665 117,400 SH   SOLE 117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 955,481 16,815,934 SH   SOLE 9,875,434 0 6,940,500
AMERICAN VANGUARD CORP COM 030371108 22,807 1,972,951 SH   SOLE 1,645,251 0 327,700
ANTHEM INC COM 036752103 325,552 2,325,368 SH   SOLE 1,369,868 0 955,500
ARRIS GROUP INC NEW COM 04270V106 209,443 8,064,818 SH   SOLE 7,490,518 0 574,300
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 6,078 130,800 SH   SOLE 116,500 0 14,300
ASSOCIATED BANC CORP COM 045487105 22,641 1,259,941 SH   SOLE 1,030,841 0 229,100
AVNET INC COM 053807103 116,818 2,737,064 SH   SOLE 2,645,764 0 91,300
BANK AMER CORP COM 060505104 836,426 53,685,859 SH   SOLE 31,427,371 0 22,258,488
BANK AMER CORP *W EXP 01/16/201 060505146 1,280 223,363 SH   SOLE 223,363 0 0
BANK NEW YORK MELLON CORP COM 064058100 96,687 2,469,665 SH   SOLE 1,353,065 0 1,116,600
BED BATH & BEYOND INC COM 075896100 369,865 6,486,590 SH   SOLE 4,189,590 0 2,297,000
BEST BUY INC COM 086516101 39,871 1,074,106 SH   SOLE 1,040,406 0 33,700
BOEING CO COM 097023105 224,176 1,711,917 SH   SOLE 961,517 0 750,400
BOULDER GROWTH & INCOME FD I COM 101507101 881 118,292 SH   SOLE 118,292 0 0
BRINKS CO COM 109696104 14,230 526,837 SH   SOLE 457,937 0 68,900
BROWN & BROWN INC COM 115236101 92,631 2,991,000 SH   SOLE 2,891,400 0 99,600
BUNGE LIMITED COM G16962105 137,935 1,881,787 SH   SOLE 1,379,087 0 502,700
CALPINE CORP COM NEW 131347304 516,640 35,386,311 SH   SOLE 23,936,511 0 11,449,800
CAPITAL ONE FINL CORP COM 14040H105 371,147 5,117,856 SH   SOLE 2,915,856 0 2,202,000
CDW CORP COM 12514G108 59,859 1,464,990 SH   SOLE 1,415,590 0 49,400
CENTURY ALUM CO COM 156431108 14,977 3,255,961 SH   SOLE 2,739,561 0 516,400
CHUBB CORP COM 171232101 302,542 2,466,713 SH   SOLE 1,444,413 0 1,022,300
CIRCOR INTL INC COM 17273K109 14,243 355,000 SH   SOLE 295,700 0 59,300
CIT GROUP INC COM NEW 125581801 63,142 1,577,371 SH   SOLE 1,525,271 0 52,100
CITIGROUP INC COM NEW 172967424 808,352 16,294,132 SH   SOLE 9,526,781 0 6,767,351
CITIZENS FINL GROUP INC COM 174610105 414,279 17,362,922 SH   SOLE 11,758,622 0 5,604,300
CNH INDL N V SHS N20944109 231,432 35,495,773 SH   SOLE 19,773,073 0 15,722,700
COBALT INTL ENERGY INC COM 19075F106 346,363 48,921,283 SH   SOLE 27,938,783 0 20,982,500
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 5,451 7,650,000 PRN   SOLE 7,650,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 13,404 21,150,000 PRN   SOLE 21,150,000 0 0
COMCAST CORP NEW CL A 20030N101 768 13,500 SH   SOLE 13,500 0 0
COMCAST CORP NEW CL A SPL 20030N200 389,176 6,799,025 SH   SOLE 3,757,525 0 3,041,500
COMMERCIAL VEH GROUP INC COM 202608105 42 10,342 SH   SOLE 10,342 0 0
COMSTOCK RES INC COM NEW 205768203 15,915 8,332,616 SH   SOLE 8,073,916 0 258,700
CON-WAY INC COM 205944101 124,255 2,618,645 SH   SOLE 2,342,645 0 276,000
CORNING INC COM 219350105 694,119 40,544,331 SH   SOLE 25,889,931 0 14,654,400
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 22,257 753,450 SH   SOLE 730,950 0 22,500
CUMMINS INC COM 231021106 420,525 3,872,948 SH   SOLE 2,271,748 0 1,601,200
DENBURY RES INC COM NEW 247916208 50 20,519 SH   SOLE 20,519 0 0
DIODES INC COM 254543101 39,308 1,839,400 SH   SOLE 1,554,400 0 285,000
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 252,414 9,697,044 SH   SOLE 5,827,044 0 3,870,000
EATON CORP PLC SHS G29183103 51,982 1,013,300 SH   SOLE 380,500 0 632,800
EMBRAER S A SP ADR REP 4 COM 29082A107 110,222 4,308,921 SH   SOLE 2,718,921 0 1,590,000
EMPLOYERS HOLDINGS INC COM 292218104 3,051 136,882 SH   SOLE 118,082 0 18,800
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2,557 41,900 SH   SOLE 31,800 0 10,100
ENPRO INDS INC COM 29355X107 61,270 1,564,200 SH   SOLE 1,321,500 0 242,700
ENSTAR GROUP LIMITED SHS G3075P101 68,059 453,726 SH   SOLE 397,696 0 56,030
ERICSSON ADR B SEK 10 294821608 283,350 28,972,379 SH   SOLE 17,186,879 0 11,785,500
EXPRESS SCRIPTS HLDG CO COM 30219G108 142,668 1,762,200 SH   SOLE 681,600 0 1,080,600
EXTREME NETWORKS INC COM 30226D106 26,474 7,879,200 SH   SOLE 6,521,300 0 1,357,900
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,485 198,759 SH   SOLE 198,759 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 640 73,330 SH   SOLE 73,330 0 0
FIFTH STREET FINANCE CORP COM 31678A103 368 59,712 SH   SOLE 59,712 0 0
FIFTH THIRD BANCORP COM 316773100 35,294 1,866,400 SH   SOLE 1,807,700 0 58,700
FIRST BANCORP P R COM NEW 318672706 14,095 3,959,304 SH   SOLE 3,305,304 0 654,000
FIRST HORIZON NATL CORP COM 320517105 49,247 3,472,956 SH   SOLE 2,934,314 0 538,642
FIRST NIAGARA FINL GP INC COM 33582V108 41,983 4,111,949 SH   SOLE 3,426,649 0 685,300
FORD MTR CO DEL COM PAR $0.01 345370860 1,181 87,000 SH   SOLE 0 0 87,000
GENERAL MLS INC COM 370334104 1,027 18,300 SH   SOLE 0 0 18,300
GENERAL MTRS CO COM 37045V100 453,512 15,107,011 SH   SOLE 8,642,911 0 6,464,100
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,797 88,186 SH   SOLE 88,186 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 2,534 191,643 SH   SOLE 191,643 0 0
GEO GROUP INC NEW COM 36162J106 115,054 3,868,651 SH   SOLE 3,407,967 0 460,684
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 476,814 12,400,884 SH   SOLE 7,109,884 0 5,291,000
GLOBAL INDEMNITY PLC SHS G39319101 29,541 1,128,826 SH   SOLE 906,000 0 222,826
GOLDEN ENTMT INC COM 381013101 3,131 346,014 SH   SOLE 288,964 0 57,050
GOLDMAN SACHS GROUP INC COM 38141G104 177,827 1,023,407 SH   SOLE 572,107 0 451,300
GOODYEAR TIRE & RUBR CO COM 382550101 122,268 4,168,706 SH   SOLE 4,030,206 0 138,500
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 23,021 815,487 SH   SOLE 684,887 0 130,600
GREAT PLAINS ENERGY INC COM 391164100 323,407 11,969,168 SH   SOLE 11,011,068 0 958,100
HANGER INC COM NEW 41043F208 71,211 5,220,775 SH   SOLE 4,386,992 0 833,783
HARLEY DAVIDSON INC COM 412822108 154,906 2,821,602 SH   SOLE 1,551,102 0 1,270,500
HARSCO CORP COM 415864107 8,040 886,400 SH   SOLE 757,200 0 129,200
HEIDRICK & STRUGGLES INTL IN COM 422819102 7,840 403,081 SH   SOLE 324,781 0 78,300
HESS CORP COM 42809H107 384,639 7,683,558 SH   SOLE 4,405,258 0 3,278,300
HEWLETT PACKARD CO COM 428236103 385,862 15,066,830 SH   SOLE 8,764,530 0 6,302,300
HIGHER ONE HLDGS INC COM 42983D104 53 27,002 SH   SOLE 27,002 0 0
HONDA MOTOR LTD AMERN SHS 438128308 285,135 9,536,298 SH   SOLE 5,273,398 0 4,262,900
HORACE MANN EDUCATORS CORP N COM 440327104 99,446 2,993,568 SH   SOLE 2,488,568 0 505,000
HORSEHEAD HLDG CORP COM 440694305 16,859 5,545,698 SH   SOLE 4,698,298 0 847,400
HUDSON GLOBAL INC COM 443787106 12,148 4,878,541 SH   SOLE 3,668,886 0 1,209,655
HUMANA INC COM 444859102 182,280 1,018,322 SH   SOLE 573,522 0 444,800
INGRAM MICRO INC CL A 457153104 62,445 2,292,405 SH   SOLE 2,215,205 0 77,200
INTERNATIONAL BUSINESS MACHS COM 459200101 64,166 442,614 SH   SOLE 282,814 0 159,800
INTERPUBLIC GROUP COS INC COM 460690100 154,311 8,066,464 SH   SOLE 4,912,768 0 3,153,696
INTL PAPER CO COM 460146103 105,997 2,804,885 SH   SOLE 1,699,985 0 1,104,900
INTRAWEST RESORTS HLDGS INC COM 46090K109 13,898 1,604,900 SH   SOLE 1,604,900 0 0
INVACARE CORP COM 461203101 17,398 1,202,332 SH   SOLE 1,031,600 0 170,732
INVESTORS BANCORP INC NEW COM 46146L101 10,558 855,600 SH   SOLE 660,600 0 195,000
ISHARES TR RUS 2000 VAL ETF 464287630 15,191 168,600 SH   SOLE 168,600 0 0
JOHNSON CTLS INC COM 478366107 420,604 10,169,347 SH   SOLE 5,692,347 0 4,477,000
JPMORGAN CHASE & CO COM 46625H100 684,205 11,221,988 SH   SOLE 6,673,717 0 4,548,271
KAISER ALUMINUM CORP COM PAR $0.01 483007704 12,000 149,528 SH   SOLE 144,328 0 5,200
KBR INC COM 48242W106 52,141 3,129,686 SH   SOLE 2,707,886 0 421,800
KELLOGG CO COM 487836108 152,262 2,287,939 SH   SOLE 1,259,239 0 1,028,700
KOHLS CORP COM 500255104 78,293 1,690,639 SH   SOLE 1,634,239 0 56,400
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 90,547 3,859,635 SH   SOLE 2,152,896 0 1,706,739
KORN FERRY INTL COM NEW 500643200 3,216 97,245 SH   SOLE 97,245 0 0
KOSMOS ENERGY LTD SHS G5315B107 171,427 30,721,595 SH   SOLE 22,788,795 0 7,932,800
LATTICE SEMICONDUCTOR CORP COM 518415104 40 10,463 SH   SOLE 10,463 0 0
LIFEPOINT HEALTH INC COM 53219L109 52,488 740,312 SH   SOLE 627,712 0 112,600
LILLY ELI & CO COM 532457108 2,251 26,900 SH   SOLE 0 0 26,900
LOUISIANA PAC CORP COM 546347105 38,357 2,693,600 SH   SOLE 2,296,700 0 396,900
LYON WILLIAM HOMES CL A NEW 552074700 34,431 1,671,418 SH   SOLE 1,387,118 0 284,300
M/I HOMES INC COM 55305B101 28,235 1,197,399 SH   SOLE 998,099 0 199,300
MANPOWERGROUP INC COM 56418H100 30,684 374,696 SH   SOLE 302,096 0 72,600
MARATHON OIL CORP COM 565849106 605,260 39,302,590 SH   SOLE 24,402,590 0 14,900,000
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 70,685 7,810,444 SH   SOLE 7,563,644 0 246,800
MASONITE INTL CORP NEW COM 575385109 76,140 1,256,858 SH   SOLE 1,049,558 0 207,300
MATSON INC COM 57686G105 56,733 1,473,959 SH   SOLE 1,228,259 0 245,700
MCDERMOTT INTL INC COM 580037109 35,918 8,353,024 SH   SOLE 7,636,824 0 716,200
MEDTRONIC PLC SHS G5960L103 354,143 5,290,450 SH   SOLE 3,003,241 0 2,287,209
MERITOR INC COM 59001K100 31,192 2,934,314 SH   SOLE 2,521,714 0 412,600
MERITOR INC NOTE 7.875% 3/0 59001KAC4 10,105 7,423,000 PRN   SOLE 7,423,000 0 0
MICROSOFT CORP COM 594918104 687,313 15,528,993 SH   SOLE 8,909,793 0 6,619,200
MILLER INDS INC TENN COM NEW 600551204 31,325 1,603,116 SH   SOLE 1,293,828 0 309,288
MORGAN STANLEY COM NEW 617446448 51,351 1,630,200 SH   SOLE 597,000 0 1,033,200
MURPHY OIL CORP COM 626717102 255,613 10,562,504 SH   SOLE 6,539,904 0 4,022,600
NATIONAL WESTN LIFE INS CO CL A 638522102 4,377 19,652 SH   SOLE 14,752 0 4,900
NAVISTAR INTL CORP NEW COM 63934E108 136,319 10,716,882 SH   SOLE 10,189,782 0 527,100
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 11,317 16,153,000 PRN   SOLE 16,153,000 0 0
NEWS CORP NEW CL A 65249B109 57,792 4,579,373 SH   SOLE 4,434,073 0 145,300
NISKA GAS STORAGE PARTNERS L UNIT LTD LIABI 654678101 233 75,000 SH   SOLE 75,000 0 0
NL INDS INC COM NEW 629156407 45 15,035 SH   SOLE 15,035 0 0
NORANDA ALUM HLDG CORP COM NEW 65542W206 3,122 1,903,837 SH   SOLE 1,615,869 0 287,968
NORDSTROM INC COM 655664100 89,752 1,251,600 SH   SOLE 471,200 0 780,400
NRG ENERGY INC COM NEW 629377508 253,026 17,038,774 SH   SOLE 11,307,589 0 5,731,185
OFFICE DEPOT INC COM 676220106 37,071 5,774,272 SH   SOLE 5,640,472 0 133,800
OLD REP INTL CORP COM 680223104 43,007 2,749,819 SH   SOLE 2,662,319 0 87,500
OMNICOM GROUP INC COM 681919106 93,047 1,411,944 SH   SOLE 877,044 0 534,900
ON SEMICONDUCTOR CORP COM 682189105 111,597 11,872,012 SH   SOLE 10,990,012 0 882,000
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 18,022 900,625 SH   SOLE 751,525 0 149,100
ORACLE CORP COM 68389X105 618,782 17,131,296 SH   SOLE 9,906,896 0 7,224,400
OWENS CORNING NEW COM 690742101 52,478 1,252,165 SH   SOLE 1,007,165 0 245,000
PACCAR INC COM 693718108 154,403 2,959,621 SH   SOLE 1,694,621 0 1,265,000
PACKAGING CORP AMER COM 695156109 101,599 1,688,816 SH   SOLE 937,616 0 751,200
PARKER HANNIFIN CORP COM 701094104 246,966 2,538,189 SH   SOLE 1,462,389 0 1,075,800
PERFORMANT FINL CORP COM 71377E105 50 20,462 SH   SOLE 20,462 0 0
PHH CORP COM NEW 693320202 74,900 5,304,547 SH   SOLE 4,940,847 0 363,700
PHILIP MORRIS INTL INC COM 718172109 37,469 472,322 SH   SOLE 397,122 0 75,200
POPULAR INC COM NEW 733174700 200,935 6,646,875 SH   SOLE 6,199,375 0 447,500
PORTLAND GEN ELEC CO COM NEW 736508847 31,856 861,665 SH   SOLE 734,465 0 127,200
PPL CORP COM 69351T106 248,140 7,544,545 SH   SOLE 4,907,545 0 2,637,000
PUBLIC SVC ENTERPRISE GROUP COM 744573106 376 8,922 SH   SOLE 8,922 0 0
QLOGIC CORP COM 747277101 41,727 4,070,969 SH   SOLE 3,395,669 0 675,300
REAL IND INC COM 75601W104 45,841 5,197,421 SH   SOLE 4,269,702 0 927,719
REGIONS FINL CORP NEW COM 7591EP100 127,421 14,142,227 SH   SOLE 13,671,227 0 471,000
RENT A CTR INC NEW COM 76009N100 32,853 1,354,770 SH   SOLE 1,312,170 0 42,600
ROCKWELL COLLINS INC COM 774341101 107,906 1,318,500 SH   SOLE 495,100 0 823,400
ROWAN COMPANIES PLC SHS CL A G7665A101 47,055 2,913,599 SH   SOLE 2,599,499 0 314,100
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 29,362 1,173,548 SH   SOLE 1,173,548 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 363,182 7,663,686 SH   SOLE 4,357,109 0 3,306,577
RUBY TUESDAY INC COM 781182100 17,988 2,896,600 SH   SOLE 2,398,100 0 498,500
RUSH ENTERPRISES INC CL A 781846209 101,606 4,198,600 SH   SOLE 3,607,200 0 591,400
SANOFI SPONSORED ADR 80105N105 428,924 9,035,695 SH   SOLE 5,076,695 0 3,959,000
SANTANDER CONSUMER USA HDG I COM 80283M101 30,528 1,494,991 SH   SOLE 1,447,791 0 47,200
SONIC AUTOMOTIVE INC CL A 83545G102 62,348 3,053,300 SH   SOLE 2,528,000 0 525,300
SOUTHERN CO COM 842587107 218,600 4,890,378 SH   SOLE 2,689,378 0 2,201,000
STANLEY BLACK & DECKER INC COM 854502101 57,742 595,400 SH   SOLE 220,800 0 374,600
STAPLES INC COM 855030102 40,321 3,437,418 SH   SOLE 3,330,918 0 106,500
STATE STR CORP COM 857477103 156,813 2,333,184 SH   SOLE 1,376,484 0 956,700
SUNTRUST BKS INC COM 867914103 264,357 6,913,097 SH   SOLE 4,571,297 0 2,341,800
SYMANTEC CORP COM 871503108 38,609 1,982,987 SH   SOLE 1,919,587 0 63,400
TARGET CORP COM 87612E106 239,529 3,045,120 SH   SOLE 1,813,820 0 1,231,300
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 18,708 130,924 SH   SOLE 102,324 0 28,600
TERADATA CORP DEL COM 88076W103 99,152 3,423,773 SH   SOLE 2,148,973 0 1,274,800
TEXAS INSTRS INC COM 882508104 63,519 1,282,700 SH   SOLE 481,600 0 801,100
TRI POINTE GROUP INC COM 87265H109 127,459 9,737,116 SH   SOLE 9,109,316 0 627,800
TUTOR PERINI CORP COM 901109108 31,402 1,907,800 SH   SOLE 1,589,000 0 318,800
UNUM GROUP COM 91529Y106 388,022 12,095,438 SH   SOLE 8,024,038 0 4,071,400
VAALCO ENERGY INC COM NEW 91851C201 50 29,632 SH   SOLE 29,632 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 177 67,600 SH Put SOLE 67,600 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 449,003 14,146,281 SH   SOLE 8,140,349 0 6,005,932
WAL-MART STORES INC COM 931142103 235,639 3,634,157 SH   SOLE 2,124,057 0 1,510,100
WASHINGTON FED INC COM 938824109 11,987 526,916 SH   SOLE 439,816 0 87,100
WELLCARE HEALTH PLANS INC COM 94946T106 37,764 438,200 SH   SOLE 372,500 0 65,700
WELLS FARGO & CO NEW COM 949746101 206,231 4,016,189 SH   SOLE 2,335,227 0 1,680,962
WESTAR ENERGY INC COM 95709T100 3,121 81,200 SH   SOLE 54,300 0 26,900
WHITE MTNS INS GROUP LTD COM G9618E107 126,188 168,859 SH   SOLE 163,399 0 5,460
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 115,165 2,810,959 SH   SOLE 2,725,459 0 85,500
XURA INC COM 98420V107 40,677 1,817,577 SH   SOLE 1,546,047 0 271,530
ZIMMER BIOMET HLDGS INC COM 98956P102 229,651 2,444,917 SH   SOLE 1,422,717 0 1,022,200
ZIONS BANCORPORATION COM 989701107 17,340 629,628 SH   SOLE 610,928 0 18,700