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
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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
AMERISERV FINANCIAL INC COM 03074a102 696 230,569 SH   SOLE   230,569 0 0
Aecom COM 00766t100 4 120 SH   SOLE   120 0 0
Aegean Marine Petroleum Inc COM y0017s102 11,951 2,172,838 SH   SOLE   2,172,838 0 0
Ally Financial Inc COM 02005n100 18,108 1,060,837 SH   SOLE   1,060,837 0 0
ArcBest Corporation COM 03937c105 12,648 778,326 SH   SOLE   778,326 0 0
Ascena Retail Group Inc COM 04351g101 11,577 1,656,157 SH   SOLE   1,656,157 0 0
Atlas Air Worldwide Holdings I COM 049164205 22,703 548,126 SH   SOLE   548,126 0 0
Avnet Inc COM 053807103 3 80 SH   SOLE   80 0 0
BANK OF AMERICA CORP COM 060505104 3 260 SH   SOLE   260 0 0
Bed Bath & Beyond Inc COM 075896100 3 70 SH   SOLE   70 0 0
CNA Financial Corp COM 126117100 12,106 385,282 SH   SOLE   385,282 0 0
Chicago Bridge & Iron Company COM 167250109 16,366 472,604 SH   SOLE   472,604 0 0
Citigroup Inc Com COM 172967424 3 80 SH   SOLE   80 0 0
Cloud Peak Energy Inc COM 18911Q102 5,168 2,508,786 SH   SOLE   2,508,786 0 0
DANA INCORPORATED COM 235825205 3 260 SH   SOLE   260 0 0
Destination Maternity Corporat COM 25065d100 6,240 1,061,179 SH   SOLE   1,061,179 0 0
Flextronics International Ltd COM Y2573F102 19,004 1,610,515 SH   SOLE   1,610,515 0 0
General Cable Corporation COM 369300108 15,946 1,254,608 SH   SOLE   1,254,608 0 0
General Motors Company COM 37045V100 3 110 SH   SOLE   110 0 0
Goldman Sachs Group Inc COM 38141g104 3 20 SH   SOLE   20 0 0
Goodyear Tire & Rubber Co COM 382550101 21,972 856,263 SH   SOLE   856,263 0 0
Group 1 Automotive Inc COM 398905109 13,105 265,491 SH   SOLE   265,491 0 0
HP Inc COM 40434L105 4 310 SH   SOLE   310 0 0
Huntsman Corp COM 447011107 19,023 1,414,352 SH   SOLE   1,414,352 0 0
Ingram Micro Inc COM 457153104 6,830 196,371 SH   SOLE   196,371 0 0
Jabil Circuit Inc COM 466313103 8,568 463,890 SH   SOLE   463,890 0 0
Magna International Inc COM 559222401 3 80 SH   SOLE   80 0 0
McDermott International Inc COM 580037109 20,153 4,079,585 SH   SOLE   4,079,585 0 0
Meritor Inc COM 59001K100 16,918 2,349,694 SH   SOLE   2,349,694 0 0
Navistar Intl Corp COM 63934E108 17,647 1,509,560 SH   SOLE   1,509,560 0 0
PBF Energy Inc COM 69318G106 18,154 763,405 SH   SOLE   763,405 0 0
Parker Drilling Co COM 701081101 16,809 7,340,369 SH   SOLE   7,340,369 0 0
Penske Automotive Group Inc COM 70959w103 3 90 SH   SOLE   90 0 0
Pier 1 Imports Inc COM 720279108 10,638 2,069,672 SH   SOLE   2,069,672 0 0
Renewable Energy Group Inc COM 75972a301 17,127 1,939,647 SH   SOLE   1,939,647 0 0
Ryerson Holding Corporation COM 783754104 36,959 2,111,958 SH   SOLE   2,111,958 0 0
Sanmina Corporation COM 801056102 20,305 757,367 SH   SOLE   757,367 0 0
SkyWest Inc COM 830879102 35,872 1,355,699 SH   SOLE   1,355,699 0 0
Sonic Automotive Inc COM 83545g102 11,617 678,940 SH   SOLE   678,940 0 0
Staples Inc COM 855030102 3 350 SH   SOLE   350 0 0
Star Bulk Carriers Corp Com COM y8162k204 3,766 1,272,366 SH   SOLE   1,272,366 0 0
Tenneco Inc COM 880349105 3 70 SH   SOLE   70 0 0
Tesoro Corporation COM 881609101 3 40 SH   SOLE   40 0 0
Titan Machinery Inc COM 88830R101 9,806 879,488 SH   SOLE   879,488 0 0
Tower International Inc COM 891826109 13,584 660,050 SH   SOLE   660,050 0 0
Trinseo SA COM l9340p101 30,573 712,152 SH   SOLE   712,152 0 0
Triumph Group Inc COM 896818101 4 110 SH   SOLE   110 0 0
Tutor Perini Corporation COM 901109108 23,638 1,003,745 SH   SOLE   1,003,745 0 0
Unisys Corporation COM 909214306 15,416 2,117,531 SH   SOLE   2,117,531 0 0
XL GROUP LTD COM COM g98294104 3 90 SH   SOLE   90 0 0