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 53,318 113,743 SH   SOLE   110,143 0 3,600
ALLISON TRANSMISSION HLDGS I COM 01973R101 23,175 792,035 SH   SOLE   767,835 0 24,200
ALLSTATE CORP COM 020002101 86,394 1,331,800 SH   SOLE   512,200 0 819,600
AMBASSADORS GROUP INC COM 023177108 153 62,600 SH   SOLE   62,600 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 390 18,657 SH   SOLE   18,657 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 3,253 117,400 SH   SOLE   117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,056,855 17,095,676 SH   SOLE   10,053,276 0 7,042,400
AMERICAN VANGUARD CORP COM 030371108 14,941 1,082,651 SH   SOLE   900,151 0 182,500
ANTHEM INC COM 036752103 239,017 1,456,175 SH   SOLE   848,575 0 607,600
ARRIS GROUP INC NEW COM 04270V106 239,433 7,824,618 SH   SOLE   7,264,218 0 560,400
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 14,451 301,700 SH   SOLE   257,000 0 44,700
ASSOCIATED BANC CORP COM 045487105 25,680 1,266,910 SH   SOLE   1,035,810 0 231,100
AVNET INC COM 053807103 136,578 3,322,264 SH   SOLE   3,217,764 0 104,500
BANK AMER CORP COM 060505104 929,208 54,595,087 SH   SOLE   32,195,399 0 22,399,688
BANK AMER CORP *W EXP 01/16/201 060505146 1,471 238,363 SH   SOLE   238,363 0 0
BANK NEW YORK MELLON CORP COM 064058100 106,107 2,528,165 SH   SOLE   1,411,565 0 1,116,600
BED BATH & BEYOND INC COM 075896100 426,829 6,187,726 SH   SOLE   4,013,126 0 2,174,600
BEST BUY INC COM 086516101 35,737 1,095,906 SH   SOLE   1,062,206 0 33,700
BLOCK H & R INC COM 093671105 30,622 1,032,773 SH   SOLE   1,000,373 0 32,400
BOEING CO COM 097023105 242,671 1,749,358 SH   SOLE   998,958 0 750,400
BOULDER GROWTH & INCOME FD I COM 101507101 998 118,292 SH   SOLE   118,292 0 0
BRINKS CO COM 109696104 15,587 529,637 SH   SOLE   460,037 0 69,600
BROWN & BROWN INC COM 115236101 61,678 1,877,000 SH   SOLE   1,819,200 0 57,800
BUNGE LIMITED COM G16962105 167,100 1,903,187 SH   SOLE   1,400,487 0 502,700
CA INC COM 12673P105 50,185 1,713,387 SH   SOLE   1,659,087 0 54,300
CALPINE CORP COM NEW 131347304 494,082 27,464,285 SH   SOLE   18,622,185 0 8,842,100
CAPITAL ONE FINL CORP COM 14040H105 409,616 4,656,313 SH   SOLE   2,624,913 0 2,031,400
CARNIVAL CORP PAIRED CTF 143658300 65,235 1,320,818 SH   SOLE   508,318 0 812,500
CDW CORP COM 12514G108 93,210 2,719,090 SH   SOLE   2,633,490 0 85,600
CHUBB CORP COM 171232101 359,571 3,779,384 SH   SOLE   2,224,884 0 1,554,500
CIRCOR INTL INC COM 17273K109 19,434 356,400 SH   SOLE   296,500 0 59,900
CIT GROUP INC COM NEW 125581801 78,799 1,694,971 SH   SOLE   1,642,871 0 52,100
CITIGROUP INC COM NEW 172967424 960,622 17,389,974 SH   SOLE   10,181,923 0 7,208,051
CITIZENS FINL GROUP INC COM 174610105 468,637 17,159,922 SH   SOLE   11,911,022 0 5,248,900
CLOUD PEAK ENERGY INC COM 18911Q102 48 10,221 SH   SOLE   10,221 0 0
CNH INDL N V SHS N20944109 294,762 31,763,179 SH   SOLE   17,917,979 0 13,845,200
COBALT INTL ENERGY INC COM 19075F106 446,936 46,028,391 SH   SOLE   27,310,691 0 18,717,700
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 5,287 7,150,000 PRN   SOLE   7,150,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 14,464 19,830,000 PRN   SOLE   19,830,000 0 0
COMCAST CORP NEW CL A 20030N101 11,108 184,700 SH   SOLE   184,700 0 0
COMCAST CORP NEW CL A SPL 20030N200 440,342 7,346,373 SH   SOLE   4,095,973 0 3,250,400
COMSTOCK RES INC COM NEW 205768203 28,288 8,494,916 SH   SOLE   8,236,216 0 258,700
COMVERSE INC COM 20585P105 34,096 1,697,995 SH   SOLE   1,445,465 0 252,530
CON-WAY INC COM 205944101 317,938 8,286,112 SH   SOLE   7,635,812 0 650,300
CORNING INC COM 219350105 613,305 31,084,906 SH   SOLE   18,338,306 0 12,746,600
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 25,353 766,420 SH   SOLE   743,920 0 22,500
CUMMINS INC COM 231021106 481,794 3,672,487 SH   SOLE   2,155,787 0 1,516,700
DIODES INC COM 254543101 34,658 1,437,500 SH   SOLE   1,214,600 0 222,900
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 128,227 3,855,300 SH   SOLE   1,489,500 0 2,365,800
DRESSER-RAND GROUP INC COM 261608103 148,988 1,749,100 SH   SOLE   1,706,000 0 43,100
EMBRAER S A SP ADR REP 4 COM 29082A107 112,433 3,711,881 SH   SOLE   2,393,781 0 1,318,100
EMPLOYERS HOLDINGS INC COM 292218104 3,129 137,347 SH   SOLE   118,547 0 18,800
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 13,173 200,500 SH   SOLE   163,000 0 37,500
ENPRO INDS INC COM 29355X107 61,174 1,069,100 SH   SOLE   889,900 0 179,200
ENSTAR GROUP LIMITED SHS G3075P101 26,444 170,664 SH   SOLE   157,414 0 13,250
ERICSSON ADR B SEK 10 294821608 297,791 28,524,060 SH   SOLE   16,276,260 0 12,247,800
EXPRESS SCRIPTS HLDG CO COM 30219G108 168,372 1,893,100 SH   SOLE   742,100 0 1,151,000
EXTREME NETWORKS INC COM 30226D106 18,448 6,858,100 SH   SOLE   5,699,100 0 1,159,000
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,973 191,913 SH   SOLE   191,913 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 455 49,347 SH   SOLE   49,347 0 0
FIFTH STREET FINANCE CORP COM 31678A103 271 41,404 SH   SOLE   41,404 0 0
FIFTH THIRD BANCORP COM 316773100 39,254 1,885,400 SH   SOLE   1,826,700 0 58,700
FIRST BANCORP P R COM NEW 318672706 19,142 3,971,393 SH   SOLE   3,311,293 0 660,100
FIRST HORIZON NATL CORP COM 320517105 54,679 3,489,405 SH   SOLE   2,945,763 0 543,642
FIRST NIAGARA FINL GP INC COM 33582V108 43,337 4,590,753 SH   SOLE   3,797,853 0 792,900
FORD MTR CO DEL COM PAR $0.01 345370860 2,389 159,171 SH   SOLE   72,171 0 87,000
FRESH DEL MONTE PRODUCE INC ORD G36738105 29,776 770,214 SH   SOLE   746,114 0 24,100
GENERAL MLS INC COM 370334104 1,020 18,300 SH   SOLE   0 0 18,300
GENERAL MTRS CO COM 37045V100 440,218 13,207,864 SH   SOLE   7,628,564 0 5,579,300
GENERAL MTRS CO *W EXP 07/10/201 37045V118 2,117 89,072 SH   SOLE   89,072 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 3,100 193,134 SH   SOLE   193,134 0 0
GEO GROUP INC NEW COM 36162J106 102,172 2,990,975 SH   SOLE   2,627,891 0 363,084
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 483,784 11,615,471 SH   SOLE   6,750,471 0 4,865,000
GLOBAL INDEMNITY PLC SHS G39319101 32,099 1,143,126 SH   SOLE   917,700 0 225,426
GOLDMAN SACHS GROUP INC COM 38141G104 213,489 1,022,507 SH   SOLE   571,207 0 451,300
GOODYEAR TIRE & RUBR CO COM 382550101 150,563 4,993,806 SH   SOLE   4,841,006 0 152,800
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 27,936 818,287 SH   SOLE   686,587 0 131,700
GREAT PLAINS ENERGY INC COM 391164100 305,969 12,664,300 SH   SOLE   11,690,600 0 973,700
HANGER INC COM NEW 41043F208 94,880 4,047,778 SH   SOLE   3,463,395 0 584,383
HARLEY DAVIDSON INC COM 412822108 111,230 1,973,908 SH   SOLE   1,098,108 0 875,800
HARSCO CORP COM 415864107 14,673 889,300 SH   SOLE   758,900 0 130,400
HEIDRICK & STRUGGLES INTL IN COM 422819102 10,583 405,781 SH   SOLE   326,781 0 79,000
HEWLETT PACKARD CO COM 428236103 325,143 10,834,485 SH   SOLE   6,317,185 0 4,517,300
HIGHER ONE HLDGS INC COM 42983D104 72 24,096 SH   SOLE   24,096 0 0
HONDA MOTOR LTD AMERN SHS 438128308 322,436 9,951,715 SH   SOLE   5,510,215 0 4,441,500
HORACE MANN EDUCATORS CORP N COM 440327104 109,511 3,010,206 SH   SOLE   2,500,506 0 509,700
HORSEHEAD HLDG CORP COM 440694305 64,816 5,530,343 SH   SOLE   4,675,043 0 855,300
HUDSON GLOBAL INC COM 443787106 11,209 4,894,841 SH   SOLE   3,671,686 0 1,223,155
HUMANA INC COM 444859102 192,948 1,008,722 SH   SOLE   563,922 0 444,800
INGRAM MICRO INC CL A 457153104 32,637 1,303,905 SH   SOLE   1,263,105 0 40,800
INTERNATIONAL BUSINESS MACHS COM 459200101 265,822 1,634,217 SH   SOLE   973,617 0 660,600
INTERPUBLIC GROUP COS INC COM 460690100 229,461 11,907,660 SH   SOLE   7,602,564 0 4,305,096
INTRAWEST RESORTS HLDGS INC COM 46090K109 13,439 1,156,500 SH   SOLE   1,156,500 0 0
INVACARE CORP COM 461203101 27,047 1,250,432 SH   SOLE   1,070,400 0 180,032
INVESTORS BANCORP INC NEW COM 46146L101 10,600 861,800 SH   SOLE   665,000 0 196,800
ISHARES TR RUS 2000 VAL ETF 464287630 26,734 262,200 SH   SOLE   262,200 0 0
JOHNSON CTLS INC COM 478366107 462,573 9,339,256 SH   SOLE   5,264,556 0 4,074,700
JPMORGAN CHASE & CO COM 46625H100 836,837 12,350,016 SH   SOLE   7,339,345 0 5,010,671
KAISER ALUMINUM CORP COM PAR $0.01 483007704 68,186 820,731 SH   SOLE   688,731 0 132,000
KBR INC COM 48242W106 61,110 3,137,086 SH   SOLE   2,713,986 0 423,100
KELLOGG CO COM 487836108 148,260 2,364,587 SH   SOLE   1,335,887 0 1,028,700
KOHLS CORP COM 500255104 49,088 784,032 SH   SOLE   760,032 0 24,000
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 97,964 3,847,752 SH   SOLE   2,146,713 0 1,701,039
KORN FERRY INTL COM NEW 500643200 3,400 97,777 SH   SOLE   97,777 0 0
KOSMOS ENERGY LTD SHS G5315B107 213,599 25,337,924 SH   SOLE   19,255,724 0 6,082,200
LAKES ENTMNT INC COM NEW 51206P208 3,183 350,520 SH   SOLE   292,370 0 58,150
LIFEPOINT HEALTH INC COM 53219L109 64,648 743,512 SH   SOLE   629,912 0 113,600
LIFEVANTAGE CORP COM 53222K106 49 92,811 SH   SOLE   92,811 0 0
LILLY ELI & CO COM 532457108 322,948 3,868,109 SH   SOLE   2,139,409 0 1,728,700
LOUISIANA PAC CORP COM 546347105 50,290 2,953,000 SH   SOLE   2,553,000 0 400,000
LOWES COS INC COM 548661107 58,599 875,000 SH   SOLE   321,600 0 553,400
LYON WILLIAM HOMES CL A NEW 552074700 43,195 1,682,718 SH   SOLE   1,395,618 0 287,100
M/I HOMES INC COM 55305B101 38,770 1,571,547 SH   SOLE   1,303,947 0 267,600
MANPOWERGROUP INC COM 56418H100 39,731 444,516 SH   SOLE   362,216 0 82,300
MARATHON OIL CORP COM 565849106 666,428 25,110,310 SH   SOLE   15,047,510 0 10,062,800
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 59,682 4,526,517 SH   SOLE   4,387,817 0 138,700
MASONITE INTL CORP NEW COM 575385109 91,157 1,300,205 SH   SOLE   1,094,205 0 206,000
MATSON INC COM 57686G105 53,835 1,280,559 SH   SOLE   1,080,259 0 200,300
MCDERMOTT INTL INC COM 580037109 45,233 8,470,524 SH   SOLE   7,749,524 0 721,000
MCDONALDS CORP COM 580135101 43,568 458,271 SH   SOLE   369,471 0 88,800
MEDTRONIC PLC SHS G5960L103 416,406 5,619,508 SH   SOLE   3,233,299 0 2,386,209
MERITOR INC COM 59001K100 53,169 4,052,535 SH   SOLE   3,451,035 0 601,500
MERITOR INC NOTE 7.875% 3/0 59001KAC4 11,523 7,270,000 PRN   SOLE   7,270,000 0 0
MICROSOFT CORP COM 594918104 657,523 14,892,942 SH   SOLE   8,615,842 0 6,277,100
MILLER INDS INC TENN COM NEW 600551204 31,362 1,572,039 SH   SOLE   1,259,651 0 312,388
MORGAN STANLEY COM NEW 617446448 65,357 1,684,900 SH   SOLE   651,700 0 1,033,200
MURPHY OIL CORP COM 626717102 430,121 10,346,914 SH   SOLE   6,395,814 0 3,951,100
NATIONAL WESTN LIFE INS CO CL A 638522102 4,826 20,152 SH   SOLE   15,252 0 4,900
NAVISTAR INTL CORP NEW COM 63934E108 162,150 7,165,250 SH   SOLE   6,816,650 0 348,600
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 11,855 13,775,000 PRN   SOLE   13,775,000 0 0
NEWS CORP NEW CL A 65249B109 67,881 4,652,573 SH   SOLE   4,507,273 0 145,300
NORANDA ALUM HLDG CORP COM 65542W107 11,174 13,145,392 SH   SOLE   11,124,192 0 2,021,200
NORDSTROM INC COM 655664100 93,550 1,255,700 SH   SOLE   475,300 0 780,400
NRG ENERGY INC COM NEW 629377508 296,553 12,961,239 SH   SOLE   8,693,854 0 4,267,385
OFFICE DEPOT INC COM 676220106 37,257 4,302,204 SH   SOLE   4,168,404 0 133,800
OLD REP INTL CORP COM 680223104 50,987 3,262,119 SH   SOLE   3,157,719 0 104,400
OMNICOM GROUP INC COM 681919106 112,945 1,625,344 SH   SOLE   1,085,344 0 540,000
ON SEMICONDUCTOR CORP COM 682189105 84,035 7,188,612 SH   SOLE   6,664,412 0 524,200
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 16,081 611,925 SH   SOLE   511,725 0 100,200
ORACLE CORP COM 68389X105 651,684 16,170,831 SH   SOLE   9,318,431 0 6,852,400
OWENS CORNING NEW COM 690742101 96,303 2,334,621 SH   SOLE   1,989,921 0 344,700
PACCAR INC COM 693718108 189,937 2,976,604 SH   SOLE   1,711,604 0 1,265,000
PARKER HANNIFIN CORP COM 701094104 280,038 2,407,274 SH   SOLE   1,401,274 0 1,006,000
PERFORMANT FINL CORP COM 71377E105 66 20,462 SH   SOLE   20,462 0 0
PHH CORP COM NEW 693320202 122,956 4,723,627 SH   SOLE   4,380,627 0 343,000
PHILIP MORRIS INTL INC COM 718172109 91,171 1,137,222 SH   SOLE   678,622 0 458,600
PHOTOMEDEX INC COM PAR $0.01 719358301 23 17,067 SH   SOLE   17,067 0 0
POPULAR INC COM NEW 733174700 190,300 6,593,892 SH   SOLE   6,155,192 0 438,700
PORTLAND GEN ELEC CO COM NEW 736508847 28,710 865,788 SH   SOLE   737,488 0 128,300
PPL CORP COM 69351T106 152,439 5,172,670 SH   SOLE   3,223,270 0 1,949,400
PUBLIC SVC ENTERPRISE GROUP COM 744573106 271,489 6,911,628 SH   SOLE   4,668,828 0 2,242,800
QLOGIC CORP COM 747277101 36,074 2,542,239 SH   SOLE   2,119,139 0 423,100
REAL IND INC COM 75601W104 59,271 5,222,142 SH   SOLE   4,285,123 0 937,019
REGIONS FINL CORP NEW COM 7591EP100 146,398 14,131,127 SH   SOLE   13,695,427 0 435,700
RENT A CTR INC NEW COM 76009N100 39,013 1,376,130 SH   SOLE   1,333,530 0 42,600
ROCKWELL COLLINS INC COM 774341101 121,643 1,317,200 SH   SOLE   493,800 0 823,400
ROWAN COMPANIES PLC SHS CL A G7665A101 46,778 2,215,899 SH   SOLE   1,923,999 0 291,900
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 26,415 1,059,135 SH   SOLE   1,059,135 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 9,903 397,547 SH   SOLE   397,547 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 435,204 7,633,818 SH   SOLE   4,381,867 0 3,251,951
RUBY TUESDAY INC COM 781182100 18,244 2,909,800 SH   SOLE   2,407,000 0 502,800
RUSH ENTERPRISES INC CL A 781846209 101,404 3,868,900 SH   SOLE   3,300,500 0 568,400
SANOFI SPONSORED ADR 80105N105 530,047 10,701,542 SH   SOLE   6,119,042 0 4,582,500
SANTANDER CONSUMER USA HDG I COM 80283M101 39,695 1,552,391 SH   SOLE   1,505,191 0 47,200
SONIC AUTOMOTIVE INC CL A 83545G102 73,077 3,066,600 SH   SOLE   2,536,500 0 530,100
SOUTHERN CO COM 842587107 210,784 5,030,643 SH   SOLE   2,819,543 0 2,211,100
STANLEY BLACK & DECKER INC COM 854502101 161,629 1,535,812 SH   SOLE   849,612 0 686,200
STAPLES INC COM 855030102 52,339 3,418,618 SH   SOLE   3,312,118 0 106,500
STATE STR CORP COM 857477103 179,786 2,334,884 SH   SOLE   1,378,184 0 956,700
SUNTRUST BKS INC COM 867914103 314,356 7,307,197 SH   SOLE   4,964,797 0 2,342,400
SYMANTEC CORP COM 871503108 46,137 1,984,387 SH   SOLE   1,920,987 0 63,400
SYMETRA FINL CORP COM 87151Q106 11,163 461,856 SH   SOLE   382,546 0 79,310
SYNOVUS FINL CORP COM NEW 87161C501 13,978 453,540 SH   SOLE   375,084 0 78,456
TARGET CORP COM 87612E106 251,342 3,079,035 SH   SOLE   1,847,735 0 1,231,300
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 19,965 138,944 SH   SOLE   110,044 0 28,900
TERADATA CORP DEL COM 88076W103 108,013 2,919,273 SH   SOLE   1,877,273 0 1,042,000
TEXAS INSTRS INC COM 882508104 55,653 1,080,440 SH   SOLE   427,740 0 652,700
TRI POINTE HOMES INC COM 87265H109 168,592 11,019,116 SH   SOLE   10,368,716 0 650,400
TUTOR PERINI CORP COM 901109108 25,059 1,161,200 SH   SOLE   967,200 0 194,000
UNITEDHEALTH GROUP INC COM 91324P102 212,766 1,743,984 SH   SOLE   968,984 0 775,000
UNUM GROUP COM 91529Y106 465,207 13,012,792 SH   SOLE   8,737,792 0 4,275,000
VAALCO ENERGY INC COM NEW 91851C201 60 27,976 SH   SOLE   27,976 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 128 67,600 SH Put SOLE   67,600 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 578,255 15,864,346 SH   SOLE   9,227,414 0 6,636,932
WAL-MART STORES INC COM 931142103 267,252 3,767,825 SH   SOLE   2,194,225 0 1,573,600
WELLCARE HEALTH PLANS INC COM 94946T106 109,289 1,288,324 SH   SOLE   1,137,324 0 151,000
WELLS FARGO & CO NEW COM 949746101 242,089 4,304,575 SH   SOLE   2,529,513 0 1,775,062
WESTAR ENERGY INC COM 95709T100 2,779 81,200 SH   SOLE   54,300 0 26,900
WHITE MTNS INS GROUP LTD COM G9618E107 163,329 249,380 SH   SOLE   241,880 0 7,500
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 168,585 3,594,570 SH   SOLE   3,488,770 0 105,800
ZIMMER BIOMET HLDGS INC COM 98956P102 143,461 1,313,382 SH   SOLE   797,382 0 516,000
ZIONS BANCORPORATION COM 989701107 34,989 1,102,528 SH   SOLE   1,069,128 0 33,400