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
3M CO COM 88579Y101 36,853 257,283 SH   SOLE   257,283 0 0
Aegion Corp COM 00770F104 11,382 489,107 SH   SOLE   489,107 0 0
Agrium Inc COM 008916108 23,470 256,140 SH   SOLE   256,140 0 0
Apple Inc COM 037833100 390 4,200 SH   SOLE   4,200 0 0
Bank New York Mellon Corp COM 064058100 42,816 1,142,369 SH   SOLE   1,142,369 0 0
Briggs & Stratton Corp COM 109043109 12,781 624,658 SH   SOLE   624,658 0 0
Chicago Bridge & Iron Co N V COM 167250109 45,985 674,264 SH   SOLE   674,264 0 0
Cisco Sys Inc COM 17275R102 43,626 1,755,559 SH   SOLE   1,755,559 0 0
Corning Inc COM 263534109 39,897 1,817,615 SH   SOLE   1,817,615 0 0
Du Pont E I De Nemours & Co COM 26817G300 41,194 629,492 SH   SOLE   629,492 0 0
Emerson Elec Co COM 291011104 15,826 238,488 SH   SOLE   238,488 0 0
Fedex Corp COM 31428X106 41,318 272,944 SH   SOLE   272,944 0 0
Ford Mtr Co Del COM PAR $0.01 345370860 177 10,255 SH   SOLE   10,255 0 0
Ingersoll-Rand PLC SHS G47791101 22,542 360,613 SH   SOLE   360,613 0 0
Intel Corp COM 458140100 48,634 1,573,932 SH   SOLE   1,573,932 0 0
Itron Inc COM 465741106 17,345 427,734 SH   SOLE   427,734 0 0
Laboratory Corp Amer Hldgs COM 50540R409 41,775 407,956 SH   SOLE   407,956 0 0
Liquidity Services Inc COM 53635B107 11,785 747,803 SH   SOLE   747,803 0 0
Materion Corp COM 576690101 21,662 585,626 SH   SOLE   585,626 0 0
NCR Corp New COM 62886E108 50,053 1,426,418 SH   SOLE   1,426,418 0 0
National Oilwell Varco Inc COM 637071101 29,820 362,111 SH   SOLE   362,111 0 0
Northstar Rlty Fin Corp COM 66704R100 174 10,000 SH   SOLE   10,000 0 0
Opko Health Inc COM 68375N103 88 10,000 SH   SOLE   10,000 0 0
Sony Corp ADR NEW 835699307 14,389 858,036 SH   SOLE   858,036 0 0
Stanley Black & Decker Inc COM 854502101 29,541 336,384 SH   SOLE   336,384 0 0
Terex Corp New COM 880779103 38,020 925,052 SH   SOLE   925,052 0 0
Teva Pharmmaceutical Inds Ltd ADR 881624209 39,916 761,462 SH   SOLE   761,462 0 0
Wabtec Corp COM 929740108 30,458 368,790 SH   SOLE   368,790 0 0
Wells Fargo & Co New COM 949746101 314 5,970 SH   SOLE   5,970 0 0
Xylem Inc COM 98419M100 35,026 896,259 SH   SOLE   896,259 0 0