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
ABERCROMBIE & FITCH CO COM 002896207 2,311 53,430 SH   SOLE   35,620 0 17,810
ACTUANT CORP.-A COM 00508X203 5,324 153,992 SH   SOLE   91,416 0 62,576
ADVANCED ENERGY INDUSTRIES COM 007973100 6,967 361,942 SH   SOLE   214,950 0 146,992
AECOM TECHNOLOGY COM 00766T100 2,401 74,571 SH   SOLE   49,730 0 24,841
AGCO CORP. COM 001084102 3,061 54,438 SH   SOLE   36,318 0 18,120
AMEREN CORP. COM 023608102 1,574 38,510 SH   SOLE   25,690 0 12,820
AMERISAFE INC. COM 03071H100 7,427 182,614 SH   SOLE   108,464 0 74,150
AMSURG CORP. COM 03232P405 5,111 112,159 SH   SOLE   66,602 0 45,557
ARROW ELECTRONIC COM 042735100 3,039 50,312 SH   SOLE   33,535 0 16,777
ASSURANT INC. COM 04621X108 2,720 41,490 SH   SOLE   27,680 0 13,810
ASTORIA FINL COM 046265104 6,812 506,457 SH   SOLE   300,846 0 205,611
ATLAS AIR WORLDW COM 049164205 5,383 146,081 SH   SOLE   86,784 0 59,297
AUTONATION INC. COM 05329W102 2,746 46,008 SH   SOLE   30,696 0 15,312
AVISTA CORP. COM 05379B107 5,442 162,359 SH   SOLE   96,444 0 65,915
BECTON DICKINSON COM 075887109 2,076 17,546 SH   SOLE   11,706 0 5,840
BED BATH &BEYOND COM 075896100 2,942 51,280 SH   SOLE   34,210 0 17,070
BELDEN INC. COM 077454106 10,261 131,287 SH   SOLE   77,914 0 53,373
BENCHMARK ELECTRONICS INC COM 08160H101 8,061 316,367 SH   SOLE   187,843 0 128,524
BIO-REFERENCE LABS INC COM 09057G602 7,315 242,067 SH   SOLE   143,760 0 98,307
BROADCOM CORP-A COM 111320107 3,522 94,890 SH   SOLE   63,250 0 31,640
BROCADE COMM SYS COM 111621306 2,613 283,980 SH   SOLE   189,260 0 94,720
CABELAS INC. COM 126804301 6,461 103,541 SH   SOLE   61,470 0 42,071
CAPITAL ONE FINANCIAL CORP COM 14040H105 3,893 47,130 SH   SOLE   31,440 0 15,690
CAPSTEAD MORTGAGE CORP REIT 14067E506 6,482 492,892 SH   SOLE   292,672 0 200,220
CARDINAL HEALTH COM 14149Y108 2,373 34,610 SH   SOLE   23,090 0 11,520
CELANESE CORP.-A COM 150870103 3,135 48,770 SH   SOLE   32,520 0 16,250
CHICOS FAS INC. COM 168615102 1,949 114,902 SH   SOLE   76,742 0 38,160
CHILDRENS PLACE COM 168905107 6,325 127,452 SH   SOLE   75,702 0 51,750
CIGNA CORP. COM 125509109 3,183 34,610 SH   SOLE   23,090 0 11,520
CIMAREX ENERGY CO COM 171798101 2,416 16,840 SH   SOLE   11,220 0 5,620
CIRRUS LOGIC INC. COM 172755100 7,892 347,050 SH   SOLE   205,560 0 141,490
COLUMBIA BANKING COM 197236102 7,789 296,041 SH   SOLE   175,755 0 120,286
CONSTANT CONTACT COM 210313102 11,213 349,194 SH   SOLE   207,450 0 141,744
CONSTELLATION-A COM 21036P108 2,648 30,048 SH   SOLE   20,039 0 10,009
CORNING INC. COM 219350105 3,132 142,680 SH   SOLE   95,110 0 47,570
CSG SYSTEMS INTL COM 126349109 5,966 228,477 SH   SOLE   135,669 0 92,808
CYTEC INDS COM 232820100 11,973 113,577 SH   SOLE   69,679 0 43,898
DENBURY RESOURCE COM 247916208 3,291 178,300 SH   SOLE   118,840 0 59,460
DICKS SPORTING COM 253393102 2,673 57,410 SH   SOLE   38,280 0 19,130
DISCOVER FINANCIAL SERVICES COM 254709108 5,316 85,770 SH   SOLE   57,210 0 28,560
DTE ENERGY CO COM 233331107 1,797 23,074 SH   SOLE   15,394 0 7,680
DYCOM INDS COM 267475101 7,653 244,417 SH   SOLE   145,130 0 99,287
ELECTRONICS FOR IMAGING COM 286082102 11,903 263,346 SH   SOLE   156,379 0 106,967
ENERSYS COM 29275Y102 11,917 173,234 SH   SOLE   102,832 0 70,402
FIFTH THIRD BANCORP COM 316773100 2,834 132,720 SH   SOLE   88,480 0 44,240
FIRST SOLAR INC. COM 336433107 5,981 84,165 SH   SOLE   49,995 0 34,170
FRESH MARKET INC. COM 35804H106 6,250 186,731 SH   SOLE   110,931 0 75,800
FULTON FINANCIAL COM 360271100 2,619 211,410 SH   SOLE   140,980 0 70,430
GATX CORP. COM 361448103 8,131 121,469 SH   SOLE   72,090 0 49,379
GENESCO INC. COM 371532102 9,096 110,756 SH   SOLE   65,734 0 45,022
GENTEX CORP. COM 371901109 3,074 105,670 SH   SOLE   70,450 0 35,220
GENWORTH FINANCIAL INC-CL A COM 37247D106 2,684 154,260 SH   SOLE   102,900 0 51,360
GREATBATCH INC. COM 39153L106 7,376 150,339 SH   SOLE   89,259 0 61,080
GROUP 1 AUTOMOTIVE INC COM 398905109 11,131 132,028 SH   SOLE   78,400 0 53,628
GUESS? INC. COM 401617105 2,126 78,744 SH   SOLE   52,484 0 26,260
HARMAN INTL COM 413086109 2,873 26,740 SH   SOLE   17,820 0 8,920
HCC INSURANCE COM 404132102 11,784 240,793 SH   SOLE   148,888 0 91,905
HUMANA INC. COM 444859102 2,777 21,746 SH   SOLE   14,510 0 7,236
IBERIABANK CORP. COM 450828108 6,778 97,968 SH   SOLE   58,174 0 39,794
INTL GAME TECH COM 459902102 2,663 167,380 SH   SOLE   111,520 0 55,860
ITRON INC. COM 465741106 5,730 141,319 SH   SOLE   83,919 0 57,400
IXIA COM 45071R109 6,416 561,291 SH   SOLE   333,297 0 227,994
J2 GLOBAL INC COM 48123V102 7,243 142,413 SH   SOLE   84,537 0 57,876
JACK HENRY COM 426281101 7,622 128,245 SH   SOLE   76,155 0 52,090
JANUS CAPITAL GROUP INC COM 47102X105 6,365 510,020 SH   SOLE   302,830 0 207,190
K12 INC. COM 48273U102 6,433 267,260 SH   SOLE   158,750 0 108,510
KEYCORP. COM 493267108 3,697 258,000 SH   SOLE   172,090 0 85,910
KINDRED HEALTHCARE INC COM 494580103 9,939 430,244 SH   SOLE   255,486 0 174,758
LA-Z-BOY INC. COM 505336107 7,191 310,349 SH   SOLE   184,393 0 125,956
LEAR CORP. COM 521865204 2,690 30,120 SH   SOLE   20,090 0 10,030
LEXMARK INTL-A COM 529771107 4,119 85,520 SH   SOLE   57,020 0 28,500
LIFEPOINT HOSPITALS INC COM 53219L109 8,272 133,210 SH   SOLE   79,064 0 54,146
LINCOLN NATIONAL CORPORATION COM 534187109 3,884 75,513 SH   SOLE   50,377 0 25,136
LITHIA MOTORS-A COM 536797103 13,952 148,310 SH   SOLE   88,052 0 60,258
M & T BANK CORP COM 55261F104 3,099 24,980 SH   SOLE   16,670 0 8,310
MACYS INC. COM 55616P104 3,629 62,540 SH   SOLE   41,720 0 20,820
MAGELLAN HEALTH COM 559079207 7,853 126,171 SH   SOLE   74,961 0 51,210
MENTOR GRAPHICS COM 587200106 5,958 276,195 SH   SOLE   163,969 0 112,226
MOLSON COORS-B COM 60871R209 2,782 37,510 SH   SOLE   25,020 0 12,490
NETGEAR INC. COM 64111Q104 6,276 180,512 SH   SOLE   107,222 0 73,290
NETSCOUT SYSTEMS COM 64115T104 5,615 126,631 SH   SOLE   75,225 0 51,406
NEWPARK RES INC COM 651718504 6,409 514,386 SH   SOLE   305,404 0 208,982
OMNIVISION TECH COM 682128103 10,540 479,544 SH   SOLE   284,734 0 194,810
OUTERWALL INC COM 690070107 7,304 123,060 SH   SOLE   73,050 0 50,010
OWENS-ILLINOIS COM 690768403 2,015 58,162 SH   SOLE   38,805 0 19,357
PACWEST BANCORP. COM 695263103 6,984 161,771 SH   SOLE   96,049 0 65,722
PARKER HANNIFIN COM 701094104 2,452 19,500 SH   SOLE   13,010 0 6,490
PATTERSON-UTI COM 703481101 2,629 75,250 SH   SOLE   50,200 0 25,050
PERKINELMER INC. COM 714046109 2,638 56,330 SH   SOLE   37,580 0 18,750
PHARMERICA CORP. COM 71714F104 14,482 506,540 SH   SOLE   300,905 0 205,635
PNM RESOURCES COM 69349H107 5,172 176,350 SH   SOLE   104,716 0 71,634
PROASSURANCE CORP COM 74267C106 3,813 85,880 SH   SOLE   51,010 0 34,870
PUBLIC SERVICE ENTERPRISE GP COM 744573106 2,519 61,750 SH   SOLE   41,170 0 20,580
QLOGIC CORP. COM 747277101 7,004 694,140 SH   SOLE   412,308 0 281,832
QUANTA SERVICES COM 74762E102 2,682 77,560 SH   SOLE   51,740 0 25,820
RAYMOND JAMES COM 754730109 1,895 37,350 SH   SOLE   24,930 0 12,420
RAYTHEON CO COM 755111507 3,154 34,190 SH   SOLE   22,800 0 11,390
RED ROBIN GOURMET BURGERS COM 75689M101 7,804 109,604 SH   SOLE   65,049 0 44,555
REGIONS FINANCIAL CORP COM 7591EP100 2,436 229,400 SH   SOLE   153,020 0 76,380
RLI CORP. COM 749607107 5,491 119,950 SH   SOLE   71,242 0 48,708
ROVI CORP. COM 779376102 8,960 373,955 SH   SOLE   222,125 0 151,830
SANDISK CORP. COM 80004C101 4,403 42,160 SH   SOLE   28,100 0 14,060
SELECT MEDICAL COM 81619Q105 9,758 625,515 SH   SOLE   371,336 0 254,179
SELECTIVE INSURANCE GROUP COM 816300107 6,479 262,110 SH   SOLE   155,662 0 106,448
SEMPRA ENERGY COM 816851109 2,737 26,140 SH   SOLE   17,440 0 8,700
SKYWORKS SOLUTIONS INC COM 83088M102 3,046 64,870 SH   SOLE   43,230 0 21,640
SOUTHWEST AIR COM 844741108 5,941 221,180 SH   SOLE   147,530 0 73,650
STANLEY BLACK & DECKER INC COM 854502101 2,399 27,320 SH   SOLE   18,230 0 9,090
STAPLES INC. COM 855030102 2,568 236,870 SH   SOLE   157,870 0 79,000
STIFEL FINANCIAL COM 860630102 3,045 64,300 SH   SOLE   42,890 0 21,410
SYKES ENTERPRISE COM 871237103 6,716 309,064 SH   SOLE   183,221 0 125,843
SYMANTEC CORP. COM 871503108 2,255 98,450 SH   SOLE   65,640 0 32,810
SYNAPTICS INC. COM 87157D109 13,807 152,325 SH   SOLE   90,445 0 61,880
SYNOPSYS INC. COM 871607107 2,660 68,519 SH   SOLE   45,711 0 22,808
TCF FINL CORP. COM 872275102 1,800 109,952 SH   SOLE   73,346 0 36,606
TELEDYNE TECH COM 879360105 8,131 83,675 SH   SOLE   49,691 0 33,984
TESORO CORP. COM 881609101 2,887 49,200 SH   SOLE   32,820 0 16,380
TETRA TECH INC. COM 88162G103 6,580 239,258 SH   SOLE   142,071 0 97,187
TOTAL SYSTEM SERVICES INC COM 891906109 2,530 80,550 SH   SOLE   53,730 0 26,820
TRINITY INDUSTRIES INC COM 896522109 5,996 137,150 SH   SOLE   91,420 0 45,730
TRIUMPH GROUP COM 896818101 7,186 102,928 SH   SOLE   61,090 0 41,838
ULTRA CLEAN HOLD COM 90385V107 5,523 610,238 SH   SOLE   362,451 0 247,787
UNITED BANKSHARES INC COM 909907107 6,200 191,775 SH   SOLE   113,897 0 77,878
VALERO ENERGY COM 91913Y100 2,573 51,350 SH   SOLE   34,260 0 17,090
VALSPAR CORP. COM 920355104 2,650 34,778 SH   SOLE   23,197 0 11,581
VERIFONE SYSTEMS COM 92342Y109 2,692 73,260 SH   SOLE   48,850 0 24,410
WASHINGTON FEDERAL INC COM 938824109 6,367 283,848 SH   SOLE   168,546 0 115,302
WEBSTER FINL COM 947890109 6,426 203,750 SH   SOLE   120,970 0 82,780
WELLCARE HEALTH COM 94946T106 2,079 27,840 SH   SOLE   18,570 0 9,270
WELLPOINT INC. COM 94973V107 3,653 33,947 SH   SOLE   22,647 0 11,300
WESTERN DIGITAL COM 958102105 3,477 37,670 SH   SOLE   25,110 0 12,560
WEX INC COM 96208T104 8,023 76,431 SH   SOLE   45,349 0 31,082
WILLIAMS-SONOMA COM 969904101 3,019 42,060 SH   SOLE   28,060 0 14,000
WORTHINGTON INDS COM 981811102 9,026 209,710 SH   SOLE   124,490 0 85,220
WR BERKLEY CORP. COM 084423102 2,928 63,220 SH   SOLE   42,170 0 21,050
ZIMMER HLDGS COM 98956P102 2,501 24,080 SH   SOLE   16,060 0 8,020