0001013536-12-000013.txt : 20121114
0001013536-12-000013.hdr.sgml : 20121114
20121114132700
ACCESSION NUMBER: 0001013536-12-000013
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120930
FILED AS OF DATE: 20121114
DATE AS OF CHANGE: 20121114
EFFECTIVENESS DATE: 20121114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AJO, LP
CENTRAL INDEX KEY: 0001013536
IRS NUMBER: 232312104
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-05508
FILM NUMBER: 121202884
BUSINESS ADDRESS:
STREET 1: 230 S BROAD STREET
STREET 2: 20THFL
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
BUSINESS PHONE: 2155467500
MAIL ADDRESS:
STREET 1: 230 S BROAD STREET
STREET 2: 20TH FLOOR
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
FORMER COMPANY:
FORMER CONFORMED NAME: ARONSON & JOHNSON & ORTIZ, LP
DATE OF NAME CHANGE: 20050307
FORMER COMPANY:
FORMER CONFORMED NAME: ARONSON & PARTNERS/PA
DATE OF NAME CHANGE: 19990402
13F-HR
1
ajo13f2012_09.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2012
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: AJO
Address: 230 South Broad Street
20th Floor
Philadelphia, PA 19102
13F File Number: 28-05508
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing this report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Theodore R. Aronson
Title: Managing Principal
Phone: 215-546-7500
Signature, Place, and Date of Signing:
Theodore R. Aronson Philadelphia, Pennsylvania November 14, 2012
Report Type (Check only one>):
[ ] 13F Holdings Report.
[ ] 13F Notice.
[ X] 13F Combination Report.
List of Other Managers Reporting for this Manager: None
Number File Number Name
1 028-01190 Frank Russell Company
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 507
Form 13F Information Table Value Total: 20,275
(millions)
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M Company COM 88579Y101 9639 104300 SH Sole 55900 48400
Aaron's COM 002535300 28547 1026500 SH Sole 759000 267500
Accenture Plc COM G1151C101 47606 679800 SH Sole 582300 97500
ACE Ltd COM H0023R105 160582 2124100 SH Sole 1227200 896900
Activision Blizzard COM 00507V109 10700 949000 SH Sole 300100 648900
Actuate Corp COM 00508B102 2011 286000 SH Sole 286000
ADM COM 039483102 105086 3866300 SH Sole 2352700 1513600
Advanced Energy Inds COM 007973100 233 18900 SH Sole 18900
Aegean Marine Petro COM Y0017S102 5760 949000 SH Sole 949000
AES Corp COM 00130H105 139481 12714800 SH Sole 7013300 5701500
Aetna COM 00817Y108 233992 5908890 SH Sole 3378490 2530400
Aflac Inc COM 001055102 96770 2021100 SH Sole 1134000 887100
AGCO Corp COM 001084102 120466 2537200 SH Sole 1531700 1005500
AGL Resources COM 001204106 5466 133600 SH Sole 7200 126400
Agrium Inc COM 008916108 216607 2093630 SH Sole 1199330 894300
Akamai Technologies COM 00971T101 1385 36200 SH Sole 36200
Alaska Air Group COM 011659109 5424 154700 SH Sole 154700
Alexion Pharmaceuticals COM 015351109 2952 25800 SH Sole 3700 22100
Alliance One Intl COM 018772103 2019 625000 SH Sole 625000
Alliant Corp COM 018802108 44965 1036300 SH Sole 523800 512500
Alliant Techsystems COM 018804104 19768 394500 SH Sole 339300 55200
Allied World Assrnc COM H01531104 59359 768400 SH Sole 483700 284700
Allstate Corp COM 020002101 192984 4872100 SH Sole 2754700 2117400
Alon USA Energy COM 020520102 4572 333700 SH Sole 333700
AMAG Pharmaceuticals COM 00163U106 2588 145900 SH Sole 145900
Amdocs Ltd COM G02602103 88186 2673100 SH Sole 1593800 1079300
Amedisys COM 023436108 1842 133300 SH Sole 133300
Amerco COM 023586100 5669 53300 SH Sole 53300
Ameren COM 023608102 77238 2364200 SH Sole 1173600 1190600
American Campus COM 024835100 8416 191800 SH Sole 20600 171200
American Capital COM 02503Y103 5457 480800 SH Sole 480800
American Elec Pwr COM 025537101 46809 1065300 SH Sole 456100 609200
American Express COM 025816109 68676 1207800 SH Sole 633500 574300
American Finl Group COM 025932104 48849 1288900 SH Sole 878000 410900
American Water Works COM 030420103 29507 796200 SH Sole 582800 213400
Ameriprise Financial COM 03076C106 87467 1542900 SH Sole 881900 661000
AmerisourceBergen COM 03073E105 116564 3011200 SH Sole 1653200 1358000
Amern Eagle Outfitters COM 02553E106 10551 500500 SH Sole 500500
Amgen Inc COM 031162100 113673 1348600 SH Sole 837300 511300
Amkor Technology COM 031652100 3823 865800 SH Sole 865800
Amtech Systems COM 032332504 353 106700 SH Sole 106700
Ancestry.com COM 032803108 2686 89300 SH Sole 89300
ANN INC COM 035623107 14352 380400 SH Sole 380400
Apache Corp COM 037411105 3286 38000 SH Sole 19100 18900
Apollo Group COM 037604105 188488 6488400 SH Sole 4014800 2473600
Apple COM 037833100 138891 208200 SH Sole 166600 41600
Applied Industrial Tech COM 03820C105 6633 160100 SH Sole 160100
Applied Materials COM 038222105 747 66900 SH Sole 66900
AptarGroup COM 038336103 6557 126800 SH Sole 19100 107700
Arbitron COM 03875Q108 1395 36800 SH Sole 36800
Arctic Cat COM 039670104 14208 342700 SH Sole 342700
Arris Group COM 04269Q100 1810 141500 SH Sole 141500
Ashland COM 044209104 3358 46900 SH Sole 46900
Aspen Ins Hldgs Ltd COM G05384105 3854 126400 SH Sole 126400
Assurant COM 04621X108 157410 4220100 SH Sole 2557300 1662800
AT&T COM 00206R102 429591 11395000 SH Sole 6257100 5137900
Atmos Energy COM 049560105 8754 244600 SH Sole 29800 214800
Avnet COM 053807103 11825 406500 SH Sole 141800 264700
Baker Hughes COM 057224107 466 10300 SH Sole 10300
Banco Latino de Com COM P16994132 15291 692200 SH Sole 692200
Bank of America COM 060505104 13323 1508800 SH Sole 903000 605800
Bank of NY Mellon COM 064058100 1156 51100 SH Sole 51100
BB&T Corp COM 054937107 26236 791200 SH Sole 264200 527000
BCE COM 05534B760 2465 56100 SH Sole 7000 49100
Bemis Co COM 081437105 1693 53800 SH Sole 53800
Berkshire Hathaway (B) COM 084670702 4154 47100 SH Sole 47100
Best Buy COM 086516101 87441 5083800 SH Sole 2965400 2118400
Biogen Idec COM 09062X103 24724 165700 SH Sole 138800 26900
Block (H & R) COM 093671105 18942 1093000 SH Sole 539900 553100
BMC Software COM 055921100 3103 74800 SH Sole 74800
Boeing Co COM 097023105 376 5400 SH Sole 5400
Boise COM 09746Y105 14790 1688400 SH Sole 1688400
BOK Financial COM 05561Q201 2589 43800 SH Sole 43800
Boston Scientific COM 101137107 3358 585000 SH Sole 360400 224600
Brinker Intl COM 109641100 1366 38700 SH Sole 38700
Brocade Comm Sys COM 111621306 59740 10099800 SH Sole 6247000 3852800
Brown & Brown COM 115236101 6137 235400 SH Sole 21500 213900
CA COM 12673P105 103410 4013600 SH Sole 2421100 1592500
CACI Intl COM 127190304 14651 282900 SH Sole 282900
Cal-Maine Foods COM 128030202 4296 95600 SH Sole 95600
Calamos Asset Mgt COM 12811R104 3349 287700 SH Sole 287700
Capella Education Co COM 139594105 17325 494160 SH Sole 494160
Capital One Finl COM 14040H105 889 15600 SH Sole 15600
CapitalSource COM 14055X102 16692 2202100 SH Sole 2202100
Capitol Federal Finl COM 14057J101 2609 218172 SH Sole 111100 107072
Cardinal Health COM 14149Y108 123975 3181300 SH Sole 1894200 1287100
Caterpillar COM 149123101 13026 151400 SH Sole 135800 15600
Cbeyond COM 149847105 8329 846400 SH Sole 846400
CBL & Associates Pptys COM 124830100 2456 115100 SH Sole 115100
CBOE Holdings COM 12503M108 3951 134400 SH Sole 134400
CBS COM 124857202 149632 4118700 SH Sole 2438700 1680000
Celgene Corp COM 151020104 38911 509300 SH Sole 362400 146900
CF Industries COM 125269100 233235 1049473 SH Sole 612293 437180
CGI Group COM 39945C109 5436 202400 SH Sole 20000 182400
CH Robinson Worldwd COM 12541W209 8734 149100 SH Sole 17100 132000
Charles River Labs COM 159864107 3683 93000 SH Sole 93000
Chevron COM 166764100 617803 5300300 SH Sole 3006100 2294200
Chicago Bridge&Iron Co COM 167250109 2503 65700 SH Sole 65700
Chico's FAS COM 168615102 2834 156500 SH Sole 156500
Choice Hotels Intl COM 169905106 6977 218100 SH Sole 23200 194900
Chubb Corp COM 171232101 22007 288500 SH Sole 119600 168900
Church & Dwight COM 171340102 8887 164600 SH Sole 17000 147600
Cinemark Holdings COM 17243V102 4325 192800 SH Sole 20600 172200
Cisco Systems COM 17275R102 264275 13840000 SH Sole 7781900 6058100
Citigroup COM 172967424 300550 9185500 SH Sole 5099700 4085800
CLARCOR COM 179895107 3624 81200 SH Sole 8800 72400
CMS Energy COM 125896100 2296 97500 SH Sole 97500
Coach COM 189754104 2325 41500 SH Sole 28900 12600
Coeur d'Alene Mines COM 192108504 5564 193000 SH Sole 193000
Colgate-Palmolive COM 194162103 2884 26900 SH Sole 26900
Comcast (A) COM 20030N101 196998 5511200 SH Sole 3214700 2296500
Comerica Inc COM 200340107 15677 504900 SH Sole 478600 26300
Commerce Bancshares COM 200525103 20927 518900 SH Sole 323600 195300
CommonWealth REIT COM 203233101 10039 689500 SH Sole 689500
Community Health Sys COM 203668108 62832 2156200 SH Sole 1632200 524000
Compass Minerals Intl COM 20451N101 8899 119300 SH Sole 13300 106000
Computer Sciences COM 205363104 9502 295000 SH Sole 156000 139000
Comtech Telecommun COM 205826209 1465 53000 SH Sole 53000
Con Edison COM 209115104 6678 111500 SH Sole 14400 97100
ConocoPhillips COM 20825C104 293619 5135000 SH Sole 2979900 2155100
Cooper Companies COM 216648402 3410 36100 SH Sole 3900 32200
Cooper Tire & Rubber COM 216831107 3146 164000 SH Sole 164000
Copart COM 217204106 1306 47100 SH Sole 47100
CoreLogic COM 21871D103 13124 494700 SH Sole 494700
CoreSite Realty COM 21870Q105 6845 254100 SH Sole 254100
Corporate Executive Brd COM 21988R102 4805 89600 SH Sole 89600
Costco Wholesale COM 22160K105 4627 46200 SH Sole 46200
Covanta Holding COM 22282E102 2339 136300 SH Sole 16700 119600
Crane Co COM 224399105 934 23400 SH Sole 23400
CSG Systems Intl COM 126349109 1934 86000 SH Sole 86000
CTC Media COM 12642X106 1689 186500 SH Sole 186500
Cummins COM 231021106 93695 1016100 SH Sole 576300 439800
CVS Caremark Corp COM 126650100 279141 5765000 SH Sole 3366200 2398800
Cyberonics COM 23251P102 2228 42500 SH Sole 42500
Dean Foods Co COM 242370104 141117 8631000 SH Sole 5293700 3337300
Deere & Co COM 244199105 2235 27100 SH Sole 14200 12900
Delek US Holdings COM 246647101 5256 206200 SH Sole 206200
Delta Air Lines COM 247361702 105004 11463300 SH Sole 6429300 5034000
Diamond Offshore COM 25271C102 3830 58200 SH Sole 8900 49300
Dice Holdings COM 253017107 2579 306300 SH Sole 306300
Diebold Inc COM 253651103 967 28700 SH Sole 7500 21200
DIRECTV COM 25490A309 217946 4156100 SH Sole 2407300 1748800
Discover Finl Svcs COM 254709108 263786 6639460 SH Sole 3829460 2810000
Discovery Comm COM 25470F104 7253 121700 SH Sole 41300 80400
Dollar Tree COM 256746108 4926 102000 SH Sole 60100 41900
Domtar Corp COM 257559203 66484 849200 SH Sole 534300 314900
Dresser-Rand Grp COM 261608103 2998 54400 SH Sole 54400
DTE Energy COM 233331107 42503 709100 SH Sole 389600 319500
Duff & Phelps Corp COM 26433B107 223 16400 SH Sole 16400
East West Bancorp COM 27579R104 7732 366100 SH Sole 366100
Eastman Chemical Co COM 277432100 16236 284800 SH Sole 185000 99800
Ebix COM 278715206 2883 122100 SH Sole 122100
Edison Intl COM 281020107 206017 4509020 SH Sole 2503820 2005200
Edwards Lifesciences COM 28176E108 2727 25400 SH Sole 3300 22100
El Paso Electric COM 283677854 3295 96200 SH Sole 96200
Emcor Group COM 29084Q100 2651 92900 SH Sole 92900
Emergent BioSolution COM 29089Q105 1358 95600 SH Sole 95600
Endo Health Solutions COM 29264F205 8837 278600 SH Sole 33600 245000
Entergy Corp COM 29364G103 206068 2973560 SH Sole 1702960 1270600
EPL Oil & Gas COM 26883D108 2179 107400 SH Sole 107400
Equifax COM 294429105 2473 53100 SH Sole 53100
Equity LifeStyle Prp COM 29472R108 8379 123000 SH Sole 13400 109600
Erie Indemnity (A) COM 29530P102 5714 88900 SH Sole 42300 46600
Everest Re Group Ltd COM G3223R108 163464 1528275 SH Sole 916375 611900
Exelon Corp COM 30161N101 3069 86268 SH Sole 44304 41964
Expedia COM 30212P303 1810 31300 SH Sole 31300
Exponent COM 30214U102 2483 43500 SH Sole 43500
Express Scripts COM 30219G108 4586 73223 SH Sole 73223
ExxonMobil COM 30231G102 992388 10851700 SH Sole 6036600 4815100
F5 Networks COM 315616102 1716 16400 SH Sole 16400
Fair Isaac Corp COM 303250104 2337 52800 SH Sole 52800
FedEx Corp COM 31428X106 855 10100 SH Sole 10100
Fifth Third Bancorp COM 316773100 237088 15291090 SH Sole 8776090 6515000
First American Finl COM 31847R102 2438 112500 SH Sole 112500
First Cash Finl Svcs COM 31942D107 2880 62600 SH Sole 62600
First Citizens Bancsh COM 31946M103 6532 40100 SH Sole 34200 5900
First Niagara Finl COM 33582V108 2194 271900 SH Sole 68800 203100
First Solar COM 336433107 19056 860500 SH Sole 748600 111900
FirstMerit COM 337915102 2264 153900 SH Sole 153900
Flextronics Intl COM Y2573F102 2653 442100 SH Sole 442100
FLIR Systems COM 302445101 7583 379600 SH Sole 47900 331700
Flowers Foods COM 343498101 8457 419100 SH Sole 45800 373300
Fluor Corp COM 343412102 15207 270200 SH Sole 181400 88800
Foot Locker COM 344849104 67262 1894700 SH Sole 1241400 653300
Ford Motor Co COM 345370860 2947 298900 SH Sole 164000 134900
Forest Laboratories (A) COM 345838106 933 26200 SH Sole 26200
Foster Wheeler COM H27178104 1960 81800 SH Sole 81800
Francesca's Holdings COM 351793104 2938 95600 SH Sole 95600
Franklin Resources COM 354613101 1263 10100 SH Sole 10100
Freeport-McMoRan COM 35671D857 12218 308700 SH Sole 233200 75500
G-III Apparel Group COM 36237H101 237 6600 SH Sole 6600
Gap Inc COM 364760108 143499 4010600 SH Sole 2361900 1648700
General Dynamics COM 369550108 29463 445600 SH Sole 314200 131400
General Electric COM 369604103 335472 14772000 SH Sole 8362700 6409300
General Mills COM 370334104 8791 220600 SH Sole 25600 195000
General Motors Corp COM 37045V100 51472 2262500 SH Sole 1099500 1163000
Gentiva Health Svcs COM 37247A102 8103 715900 SH Sole 715900
Glatfelter (P H) COM 377316104 12045 676300 SH Sole 676300
Global Payments COM 37940X102 2008 48000 SH Sole 5900 42100
Goldman Sachs Group COM 38141G104 311886 2743540 SH Sole 1540140 1203400
Gran Tierra Energy COM 38500T101 6276 1214000 SH Sole 1214000
Great Plains Energy COM 391164100 8267 371400 SH Sole 38400 333000
Greif Inc (A) COM 397624107 3358 76000 SH Sole 11600 64400
Gulf Island Fabrication COM 402307102 1474 52900 SH Sole 52900
Halliburton COM 406216101 1769 52500 SH Sole 25800 26700
Hanover Insurance Grp COM 410867105 697 18700 SH Sole 18700
Harris Corp COM 413875105 9015 176000 SH Sole 20400 155600
Harris Teeter COM 414585109 4851 124900 SH Sole 21100 103800
Harsco Corp COM 415864107 2999 146100 SH Sole 146100
Hawaiian Electric Inds COM 419870100 10235 389000 SH Sole 94400 294600
HCA COM 40412C101 112688 3389100 SH Sole 2190900 1198200
HCC Insurance Hldgs COM 404132102 3802 112200 SH Sole 20200 92000
Health Care REIT COM 42217K106 5260 91100 SH Sole 12800 78300
Healthways COM 422245100 142 12100 SH Sole 12100
Helix Energy Solutions COM 42330P107 11150 610300 SH Sole 610300
Helmerich & Payne COM 423452101 1409 29600 SH Sole 29600
Henry (Jack) & Assoc COM 426281101 1961 51800 SH Sole 51800
Herbalife Ltd COM G4412G101 58274 1229400 SH Sole 744300 485100
Hershey Company COM 427866108 8939 126100 SH Sole 13600 112500
Hess Corp COM 42809H107 82358 1533100 SH Sole 978700 554400
Hewlett-Packard COM 428236103 1216 71300 SH Sole 71300
Hill-Rom Holdings COM 431475102 1834 63100 SH Sole 63100
HollyFrontier Corp COM 436106108 11968 290000 SH Sole 290000
Home Depot Inc COM 437076102 10456 173200 SH Sole 129900 43300
Honeywell Intl COM 438516106 1876 31400 SH Sole 31400
Hormel Foods Corp COM 440452100 8523 291500 SH Sole 34800 256700
Hospitality Properties Tr COM 44106M102 32988 1387200 SH Sole 943300 443900
Hot Topic COM 441339108 4161 478300 SH Sole 478300
Hudson City Bancorp COM 443683107 10676 1343700 SH Sole 1343700
Humana Inc COM 444859102 81900 1167500 SH Sole 675100 492400
Hunt (JB) Transprt Svcs COM 445658107 1618 31100 SH Sole 31100
Huntington Bancshares COM 446150104 232195 33675900 SH Sole 20603300 13072600
Huntington Ingalls Inds COM 446413106 11589 275600 SH Sole 275600
Huntsman Corp COM 447011107 129165 8651400 SH Sole 5065200 3586200
IAC/InterActiveCorp COM 44919P508 4633 89000 SH Sole 89000
IDACORP COM 451107106 8217 189900 SH Sole 23500 166400
Imperial Oil Ltd COM 453038408 8778 190700 SH Sole 21600 169100
Ingersoll-Rand PLC COM G47791101 3465 77300 SH Sole 35300 42000
Ingram Micro (A) COM 457153104 14537 954500 SH Sole 526800 427700
Ingredion COM 457187102 3089 56000 SH Sole 50700 5300
Inland Real Estate COM 457461200 2485 301200 SH Sole 301200
Intel Corp COM 458140100 88821 3920600 SH Sole 2268800 1651800
Inteliquent COM 64128B108 7793 829900 SH Sole 829900
Interactive Brokers COM 45841N107 2559 182500 SH Sole 182500
Interpublic Group COM 460690100 115451 10382300 SH Sole 6763200 3619100
Interval Leisure Grp COM 46113M108 3172 167800 SH Sole 167800
Intl Bus Machines COM 459200101 72836 351100 SH Sole 274600 76500
Intuit Inc COM 461202103 7177 121900 SH Sole 121900
j2 Global COM 48123V102 1802 54900 SH Sole 54900
Johnson & Johnson COM 478160104 3225 46800 SH Sole 46800
Jones Lang LaSalle COM 48020Q107 41015 537200 SH Sole 449200 88000
JPMorgan Chase COM 46625H100 512056 12649600 SH Sole 7061200 5588400
KBR COM 48242W106 45147 1514000 SH Sole 1041000 473000
KeyCorp COM 493267108 219199 25079990 SH Sole 14658290 10421700
Kimberly-Clark COM 494368103 25760 300300 SH Sole 172600 127700
Kirkland's COM 497498105 680 68500 SH Sole 68500
Kroger Co COM 501044101 191889 8151600 SH Sole 4742700 3408900
Kulicke & Soffa Inds COM 501242101 6948 667800 SH Sole 667800
L-3 Communications COM 502424104 36206 504900 SH Sole 245900 259000
Landstar System COM 515098101 7919 167500 SH Sole 19000 148500
LeapFrog Enterprises COM 52186N106 3944 437200 SH Sole 437200
Lear Corp COM 521865204 61329 1622900 SH Sole 992400 630500
Lender Processing Svcs COM 52602E102 69513 2492400 SH Sole 1560600 931800
Lennox International COM 526107107 10881 225000 SH Sole 225000
Lihua International COM 532352101 1439 404200 SH Sole 404200
Lilly (Eli) & Co COM 532457108 3029 63900 SH Sole 43300 20600
Lincoln Natl COM 534187109 6418 265300 SH Sole 235600 29700
Lockheed Martin Corp COM 539830109 157737 1689200 SH Sole 993100 696100
Lorillard COM 544147101 59564 511500 SH Sole 267600 243900
LSB Industries COM 502160104 276 6300 SH Sole 6300
LSI Corp COM 502161102 17104 2475200 SH Sole 2357700 117500
LTC Properties COM 502175102 831 26100 SH Sole 26100
lululemon athletica COM 550021109 4673 63200 SH Sole 63200
Macy's COM 55616P104 2020 53700 SH Sole 42800 10900
Magellan Health Svcs COM 559079207 13006 252000 SH Sole 252000
Magna Intl COM 559222401 4659 107700 SH Sole 72700 35000
Maiden Holdings Ltd COM G5753U112 5157 580100 SH Sole 580100
Marathon Oil COM 565849106 62588 2116600 SH Sole 1212400 904200
Marathon Petroleum COM 56585A102 250066 4580800 SH Sole 2750300 1830500
Marsh & McLennan COM 571748102 451 13300 SH Sole 13300
Marvell Technology Grp COM G5876H105 256 28000 SH Sole 28000
Matrix Service Co COM 576853105 1784 168600 SH Sole 168600
Maxim Integrated Prod COM 57772K101 4643 174400 SH Sole 22300 152100
McGraw-Hill Cos COM 580645109 1545 28300 SH Sole 28300
McKesson Corp COM 58155Q103 153581 1785200 SH Sole 1025400 759800
Medifast COM 58470H101 8127 310800 SH Sole 310800
Medtronic Inc COM 585055106 724 16800 SH Sole 16800
Merck & Co COM 58933Y105 220997 4900700 SH Sole 2696300 2204400
Meritor COM 59001K100 5017 1183200 SH Sole 1183200
MetLife COM 59156R108 1309 38000 SH Sole 13300 24700
MetroPCS Comm COM 591708102 402 34300 SH Sole 34300
Microsoft Corp COM 594918104 241740 8122980 SH Sole 5025780 3097200
Mid-America Apt COM 59522J103 3337 51100 SH Sole 9800 41300
Minerals Technologies COM 603158106 2922 41200 SH Sole 41200
MIPS Technologies COM 604567107 2102 284500 SH Sole 284500
Monsanto Co COM 61166W101 2539 27900 SH Sole 27900
Monster Beverage COM 611740101 6184 114400 SH Sole 13900 100500
Montpelier Re Holdings COM G62185106 15617 705700 SH Sole 705700
Moody's COM 615369105 4510 102100 SH Sole 102100
Mosaic COM 61945C103 5110 88700 SH Sole 88700
Motorola Solutions COM 620076307 32256 638100 SH Sole 518000 120100
Murphy Oil Corp COM 626717102 217941 4059248 SH Sole 2354048 1705200
Mylan Laboratories COM 628530107 639 26200 SH Sole 26200
MYR Group COM 55405W104 5117 256500 SH Sole 256500
Myriad Genetics COM 62855J104 14081 522500 SH Sole 522500
Nabors Industries Ltd COM G6359F103 12896 919200 SH Sole 887100 32100
NASDAQ OMX Group COM 631103108 2124 91200 SH Sole 12800 78400
Natl Financial Prtnrs COM 63607P208 789 46700 SH Sole 46700
Natl Health Investors COM 63633D104 9141 177700 SH Sole 177700
Natl Oilwell Varco COM 637071101 721 9000 SH Sole 9000
Natus Medical COM 639050103 1997 152800 SH Sole 152800
NCR COM 62886E108 1072 46000 SH Sole 46000
Nelnet COM 64031N108 4064 171200 SH Sole 171200
Net1 UEPS Tech COM 64107N206 8416 930000 SH Sole 930000
NetSpend Holdings COM 64118V106 7786 792100 SH Sole 792100
NeuStar COM 64126X201 15808 394900 SH Sole 394900
Newell Rubbermaid COM 651229106 2524 132200 SH Sole 132200
News Corp (A) COM 65248E104 41671 1700500 SH Sole 998100 702400
NextEra Energy COM 65339F101 1083 15400 SH Sole 6400 9000
Northrop Grumman COM 666807102 231893 3490790 SH Sole 2050390 1440400
NuVasive COM 670704105 243 10600 SH Sole 10600
NV Energy COM 67073Y106 77481 4302100 SH Sole 3033900 1268200
NVIDIA COM 67066G104 1430 107200 SH Sole 107200
Occidental Petroleum COM 674599105 2074 24100 SH Sole 11400 12700
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