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 2,084 54,140 SH   SOLE   35,930 0 18,210
ACTUANT CORP.-A COM 00508X203 5,469 160,152 SH   SOLE   94,616 0 65,536
ADVANCED ENERGY INDUSTRIES COM 007973100 8,332 340,102 SH   SOLE   200,880 0 139,222
AGCO CORP. COM 001084102 3,036 55,038 SH   SOLE   36,638 0 18,400
AMEREN CORP. COM 023608102 1,604 38,920 SH   SOLE   25,900 0 13,020
AMERISAFE INC. COM 03071H100 8,342 189,984 SH   SOLE   112,254 0 77,730
AMSURG CORP. COM 03232P405 5,490 116,609 SH   SOLE   68,892 0 47,717
ARROW ELECTRONIC COM 042735100 3,577 60,262 SH   SOLE   40,115 0 20,147
ASSURANT INC. COM 04621X108 2,724 41,940 SH   SOLE   27,920 0 14,020
ASTORIA FINL COM 046265104 3,857 279,089 SH   SOLE   164,936 0 114,153
AUTONATION INC. COM 05329W102 2,476 46,518 SH   SOLE   30,966 0 15,552
AVISTA CORP. COM 05379B107 5,173 168,769 SH   SOLE   99,734 0 69,035
BECTON DICKINSON COM 075887109 2,075 17,726 SH   SOLE   11,796 0 5,930
BED BATH &BEYOND COM 075896100 2,640 38,370 SH   SOLE   25,530 0 12,840
BELDEN INC. COM 077454106 9,510 136,637 SH   SOLE   80,704 0 55,933
BENCHMARK ELECTRONICS INC COM 08160H101 7,456 329,187 SH   SOLE   194,473 0 134,714
BIO-REFERENCE LABS INC COM 09057G602 8,188 295,827 SH   SOLE   174,810 0 121,017
BROADCOM CORP-A COM 111320107 3,019 95,930 SH   SOLE   63,800 0 32,130
BROCADE COMM SYS COM 111621306 3,046 287,130 SH   SOLE   190,950 0 96,180
CABELAS INC. COM 126804301 7,052 107,641 SH   SOLE   63,570 0 44,071
CAPITAL ONE FINANCIAL CORP COM 14040H105 3,676 47,640 SH   SOLE   31,710 0 15,930
CAPITALSOURCE IN COM 14055X102 8,654 593,172 SH   SOLE   350,420 0 242,752
CAPSTEAD MORTGAGE CORP REIT 14067E506 6,492 512,812 SH   SOLE   302,902 0 209,910
CARDINAL HEALTH COM 14149Y108 2,449 34,990 SH   SOLE   23,290 0 11,700
CHICOS FAS INC. COM 168615102 1,862 116,152 SH   SOLE   77,402 0 38,750
CIGNA CORP. COM 125509109 2,930 34,990 SH   SOLE   23,290 0 11,700
CIMAREX ENERGY CO COM 171798101 2,027 17,020 SH   SOLE   11,320 0 5,700
CIRRUS LOGIC INC. COM 172755100 7,174 361,040 SH   SOLE   212,740 0 148,300
COLUMBIA BANKING COM 197236102 8,786 308,061 SH   SOLE   181,975 0 126,086
CONSTANT CONTACT COM 210313102 7,608 311,044 SH   SOLE   184,010 0 127,034
CONSTELLATION-A COM 21036P108 2,581 30,378 SH   SOLE   20,219 0 10,159
CORNING INC. COM 219350105 3,004 144,270 SH   SOLE   95,960 0 48,310
CSG SYSTEMS INTL COM 126349109 6,416 246,375 SH   SOLE   145,538 0 100,837
CYTEC INDS COM 232820100 11,438 117,177 SH   SOLE   71,559 0 45,618
DENBURY RESOURCE COM 247916208 2,956 180,240 SH   SOLE   119,880 0 60,360
DICKS SPORTING COM 253393102 2,022 37,020 SH   SOLE   24,630 0 12,390
DISCOVER FINANCIAL SERVICES COM 254709108 5,046 86,710 SH   SOLE   57,720 0 28,990
DTE ENERGY CO COM 233331107 1,733 23,334 SH   SOLE   15,534 0 7,800
DYCOM INDS COM 267475101 8,038 254,287 SH   SOLE   150,230 0 104,057
ELECTRONICS FOR IMAGING COM 286082102 11,863 273,906 SH   SOLE   161,799 0 112,107
ENERSYS COM 29275Y102 12,488 180,224 SH   SOLE   106,452 0 73,772
FIFTH THIRD BANCORP COM 316773100 2,556 111,350 SH   SOLE   74,120 0 37,230
FIRST SOLAR INC. COM 336433107 6,099 87,385 SH   SOLE   51,635 0 35,750
GATX CORP. COM 361448103 8,579 126,379 SH   SOLE   74,630 0 51,749
GENESCO INC. COM 371532102 8,589 115,186 SH   SOLE   68,014 0 47,172
GENTEX CORP. COM 371901109 2,829 89,720 SH   SOLE   59,720 0 30,000
GENWORTH FINANCIAL INC-CL A COM 37247D106 2,765 155,940 SH   SOLE   103,800 0 52,140
GREATBATCH INC. COM 39153L106 7,181 156,379 SH   SOLE   92,389 0 63,990
GROUP 1 AUTOMOTIVE INC COM 398905109 9,019 137,358 SH   SOLE   81,160 0 56,198
GUESS? INC. COM 401617105 2,197 79,594 SH   SOLE   52,934 0 26,660
HARMAN INTL COM 413086109 3,369 31,660 SH   SOLE   21,050 0 10,610
HCC INSURANCE COM 404132102 11,290 248,193 SH   SOLE   152,738 0 95,455
HELMERICH & PAYNE COM 423452101 9,640 89,625 SH   SOLE   52,948 0 36,677
HUMANA INC. COM 444859102 2,477 21,976 SH   SOLE   14,630 0 7,346
IBERIABANK CORP. COM 450828108 7,148 101,898 SH   SOLE   60,204 0 41,694
INTL GAME TECH COM 459902102 2,379 169,220 SH   SOLE   112,500 0 56,720
IXIA COM 45071R109 7,300 583,981 SH   SOLE   344,947 0 239,034
J2 GLOBAL INC COM 48123V102 7,415 148,143 SH   SOLE   87,497 0 60,646
JACK HENRY COM 426281101 7,435 133,335 SH   SOLE   78,795 0 54,540
JANUS CAPITAL GROUP INC COM 47102X105 5,770 530,810 SH   SOLE   313,580 0 217,230
KEYCORP. COM 493267108 3,714 260,820 SH   SOLE   173,600 0 87,220
KINDRED HEALTHCARE INC COM 494580103 10,484 447,664 SH   SOLE   264,426 0 183,238
KLA-TENCOR CORP. COM 482480100 2,268 32,810 SH   SOLE   21,840 0 10,970
LA-Z-BOY INC. COM 505336107 7,761 286,396 SH   SOLE   169,250 0 117,146
LEAR CORP. COM 521865204 2,550 30,460 SH   SOLE   20,280 0 10,180
LEXMARK INTL-A COM 529771107 3,456 74,650 SH   SOLE   49,640 0 25,010
LIFEPOINT HOSPITALS INC COM 53219L109 7,561 138,610 SH   SOLE   81,864 0 56,746
LINCOLN NATIONAL CORPORATION COM 534187109 3,868 76,343 SH   SOLE   50,817 0 25,526
LINDSAY CORP. COM 535555106 5,298 60,080 SH   SOLE   35,470 0 24,610
LITHIA MOTORS-A COM 536797103 10,248 154,200 SH   SOLE   91,072 0 63,128
M & T BANK CORP COM 55261F104 3,064 25,260 SH   SOLE   16,820 0 8,440
MACYS INC. COM 55616P104 3,749 63,240 SH   SOLE   42,100 0 21,140
MAGELLAN HEALTH COM 559079207 6,425 108,261 SH   SOLE   64,001 0 44,260
MENTOR GRAPHICS COM 587200106 6,328 287,385 SH   SOLE   169,759 0 117,626
MOLSON COORS-B COM 60871R209 2,232 37,920 SH   SOLE   25,240 0 12,680
NETAPP INC. COM 64110D104 2,148 58,200 SH   SOLE   38,740 0 19,460
NETGEAR INC. COM 64111Q104 5,066 150,182 SH   SOLE   88,772 0 61,410
NETSCOUT SYSTEMS COM 64115T104 5,738 152,681 SH   SOLE   90,185 0 62,496
NEWPARK RES INC COM 651718504 6,128 535,236 SH   SOLE   316,194 0 219,042
OIL STATES INTL COM 678026105 7,875 79,866 SH   SOLE   47,105 0 32,761
OMNIVISION TECH COM 682128103 8,833 499,014 SH   SOLE   294,794 0 204,220
OUTERWALL INC COM 690070107 7,700 106,200 SH   SOLE   62,720 0 43,480
OWENS-ILLINOIS COM 690768403 1,989 58,792 SH   SOLE   39,135 0 19,657
PARKER HANNIFIN COM 701094104 2,361 19,720 SH   SOLE   13,130 0 6,590
PATTERSON-UTI COM 703481101 2,410 76,060 SH   SOLE   50,630 0 25,430
PERKINELMER INC. COM 714046109 2,566 56,950 SH   SOLE   37,910 0 19,040
PHARMERICA CORP. COM 71714F104 14,719 526,050 SH   SOLE   311,205 0 214,845
PNM RESOURCES COM 69349H107 4,958 183,430 SH   SOLE   108,376 0 75,054
PROASSURANCE CORP COM 74267C106 3,976 89,280 SH   SOLE   52,740 0 36,540
PROSPECT CAPITAL COM 74348T102 5,201 481,589 SH   SOLE   284,504 0 197,085
PROTECTIVE LIFE COM 743674103 4,377 83,236 SH   SOLE   55,405 0 27,831
PUBLIC SERVICE ENTERPRISE GP COM 744573106 2,381 62,440 SH   SOLE   41,540 0 20,900
QLOGIC CORP. COM 747277101 8,314 652,090 SH   SOLE   385,328 0 266,762
QUANTA SERVICES COM 74762E102 2,893 78,400 SH   SOLE   52,190 0 26,210
RAYMOND JAMES COM 754730109 2,111 37,750 SH   SOLE   25,140 0 12,610
RAYTHEON CO COM 755111507 3,415 34,570 SH   SOLE   23,010 0 11,560
RED ROBIN GOURMET BURGERS COM 75689M101 8,174 114,034 SH   SOLE   67,329 0 46,705
REGIONS FINANCIAL CORP COM 7591EP100 2,576 231,890 SH   SOLE   154,350 0 77,540
RLI CORP. COM 749607107 5,516 124,680 SH   SOLE   73,692 0 50,988
ROVI CORP. COM 779376102 7,394 324,565 SH   SOLE   191,795 0 132,770
SANDISK CORP. COM 80004C101 3,460 42,620 SH   SOLE   28,340 0 14,280
SELECT MEDICAL COM 81619Q105 8,103 650,825 SH   SOLE   384,306 0 266,519
SELECTIVE INSURANCE GROUP COM 816300107 5,021 215,296 SH   SOLE   127,218 0 88,078
SEMPRA ENERGY COM 816851109 2,556 26,420 SH   SOLE   17,590 0 8,830
SKYWORKS SOLUTIONS INC COM 83088M102 2,461 65,590 SH   SOLE   43,620 0 21,970
SOUTHWEST AIR COM 844741108 5,279 223,600 SH   SOLE   148,830 0 74,770
STANLEY BLACK & DECKER INC COM 854502101 2,244 27,620 SH   SOLE   18,390 0 9,230
STAPLES INC. COM 855030102 2,717 239,570 SH   SOLE   159,350 0 80,220
STIFEL FINANCIAL COM 860630102 3,235 65,010 SH   SOLE   43,270 0 21,740
SUSSER HOLDINGS COM 869233106 8,687 139,055 SH   SOLE   82,169 0 56,886
SYKES ENTERPRISE COM 871237103 5,159 259,634 SH   SOLE   153,341 0 106,293
SYMANTEC CORP. COM 871503108 519 26,000 SH   SOLE   17,290 0 8,710
SYNAPTICS INC. COM 87157D109 10,461 174,285 SH   SOLE   102,955 0 71,330
SYNOPSYS INC. COM 871607107 2,660 69,249 SH   SOLE   46,101 0 23,148
TCF FINL CORP. COM 872275102 1,852 111,142 SH   SOLE   73,976 0 37,166
TELEDYNE TECH COM 879360105 8,457 86,885 SH   SOLE   51,351 0 35,534
TESORO CORP. COM 881609101 2,516 49,740 SH   SOLE   33,110 0 16,630
TETRA TECH INC. COM 88162G103 7,363 248,848 SH   SOLE   146,981 0 101,867
TOTAL SYSTEM SERVICES INC COM 891906109 2,476 81,430 SH   SOLE   54,200 0 27,230
TRINITY INDUSTRIES INC COM 896522109 5,859 81,300 SH   SOLE   54,070 0 27,230
TRIUMPH GROUP COM 896818101 6,914 107,058 SH   SOLE   63,240 0 43,818
UNITED BANKSHARES INC COM 909907107 6,106 199,425 SH   SOLE   117,837 0 81,588
VALERO ENERGY COM 91913Y100 2,757 51,920 SH   SOLE   34,570 0 17,350
VALSPAR CORP. COM 920355104 2,536 35,168 SH   SOLE   23,407 0 11,761
VERIFONE SYSTEMS COM 92342Y109 2,505 74,070 SH   SOLE   49,280 0 24,790
WASHINGTON FEDERAL INC COM 938824109 6,881 295,318 SH   SOLE   174,476 0 120,842
WEBSTER FINL COM 947890109 6,585 212,020 SH   SOLE   125,260 0 86,760
WELLPOINT INC. COM 94973V107 3,416 34,317 SH   SOLE   22,847 0 11,470
WESTERN DIGITAL COM 958102105 3,497 38,090 SH   SOLE   25,330 0 12,760
WEX INC COM 96208T104 7,558 79,521 SH   SOLE   46,949 0 32,572
WILLIAMS-SONOMA COM 969904101 2,834 42,530 SH   SOLE   28,310 0 14,220
WORTHINGTON INDS COM 981811102 8,344 218,150 SH   SOLE   128,870 0 89,280
WR BERKLEY CORP. COM 084423102 2,660 63,920 SH   SOLE   42,550 0 21,370
ZIMMER HLDGS COM 98956P102 2,302 24,340 SH   SOLE   16,200 0 8,140