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
AGREE REALTY CORP COM 008492100 229 7,845 SH   SOLE   3,680 0 4,165
BRANDYWINE REALTY TRUST SH BEN INT NEW 105368203 218 16,442 SH   SOLE   6,147 0 10,295
COMMUNITY HEALTHCARE TRUST COM 20369C106 2,662 138,290 SH   SOLE   119,990 0 18,300
DIAMONDROCK HOSPITALITY COM 252784301 241 18,820 SH   SOLE   8,860 0 9,960
HERSHA HOSPITALITY TRUST SH BEN INT NEW 427825500 330 12,882 SH   SOLE   6,290 0 6,592
INDEPENDENCE REALTY TRUST COM 45378A106 2,122 281,770 SH   SOLE   225,270 0 56,500
LASALLE HOTEL PROPERTIES COM 517942108 502 14,160 SH   SOLE   5,555 0 8,605
LEXINGTON REALTY TRUST SH BEN INT NEW 529043101 267 31,464 SH   SOLE   15,204 0 16,260
LTC PROPERTIES INC COM 502175102 232 5,580 SH   SOLE   2,625 0 2,955
MONMOUTH REIT A CL A 609720107 1,438 147,991 SH   SOLE   128,054 0 19,937
SOTHERLY HOTELS COM 83600C103 1,121 158,530 SH   SOLE   111,455 0 47,075
AARON'S INC COM 002535300 544 15,010 SH   SOLE   6,915 0 8,095
ACUITY BRANDS INC COM 00508Y102 7,355 40,866 SH   SOLE   11,078 0 29,788
ADOBE SYSTEMS INC COM 00724F101 6,627 81,800 SH   SOLE   20,800 0 61,000
AEGEAN MARINE PETROLEUM COM Y0017S102 2,801 226,582 SH   SOLE   173,062 0 53,520
AETNA INC COM 00817Y108 11,602 91,028 SH   SOLE   64,028 0 27,000
ALLERGAN PLC COM G0177J108 8,895 29,312 SH   SOLE   7,307 0 22,005
ALLSCRIPTS HEALTHCARE COM 01988P108 360 26,284 SH   SOLE   11,754 0 14,530
ALMOST FAMILY INC COM 020409108 2,526 63,295 SH   SOLE   51,970 0 11,325
ALTRIA GROUP COM 02209S103 5,420 110,815 SH   SOLE   77,865 0 32,950
AMERICAN SOFTWARE A COM 029683109 2,311 243,277 SH   SOLE   197,577 0 45,700
AMERICAN VANGUARD CORP COM 030371108 1,434 103,895 SH   SOLE   90,145 0 13,750
AMERIPRISE FINANCIAL COM 03076C106 10,048 80,429 SH   SOLE   54,755 0 25,674
AMPHENOL CORP-CL A COM 032095101 7,593 130,988 SH   SOLE   37,009 0 93,979
AMSURG CORP COM COM 03232P405 242 3,465 SH   SOLE   3,465 0 0
ANDERSONS INC COM COM 034164103 370 9,490 SH   SOLE   4,450 0 5,040
APPLE INC COM 037833100 36,624 291,999 SH   SOLE   102,269 0 189,730
ARM HOLDINGS PLC COM 042068106 5,687 115,420 SH   SOLE   29,590 0 85,830
ASCENA RETAIL GROUP COM 04351G101 477 28,665 SH   SOLE   13,025 0 15,640
ASHLAND INC COM 044209104 6,610 54,227 SH   SOLE   37,752 0 16,475
AT & T INC COM COM 00206R102 28,165 792,940 SH   SOLE   557,390 0 235,550
AVX CORP COM 002444107 299 22,183 SH   SOLE   10,888 0 11,295
BANC OF CALIFORNIA COM 05990K106 3,570 259,648 SH   SOLE   197,318 0 62,330
BANK OF COMMERCE HOLDINGS COM 06424J103 937 163,531 SH   SOLE   140,281 0 23,250
BANNER CORP COM 06652V208 610 12,736 SH   SOLE   5,646 0 7,090
BAR HARBOR BANKSHARES COM 066849100 882 24,900 SH   SOLE   21,600 0 3,300
BARRETT BUSINESS SVCS INC COM 068463108 2,567 70,675 SH   SOLE   58,000 0 12,675
BERKSHIRE HILLS BANC COM 084680107 2,745 96,380 SH   SOLE   77,045 0 19,335
BIG LOTS INC COM 089302103 236 5,250 SH   SOLE   1,960 0 3,290
BIOGEN INC COM 09062X103 6,811 16,862 SH   SOLE   4,299 0 12,563
BLACK BOX CORP COM 091826107 2,112 105,617 SH   SOLE   80,077 0 25,540
BLOOMIN' BRANDS INC COM 094235108 457 21,425 SH   SOLE   10,015 0 11,410
BOEING CO COM 097023105 9,415 67,873 SH   SOLE   47,793 0 20,080
BOFI HOLDING INC COM 05566U108 534 5,052 SH   SOLE   2,362 0 2,690
BORGWARNER INC COM 099724106 6,523 114,757 SH   SOLE   30,983 0 83,774
BRISTOL-MYERS SQUIBB CO COM 110122108 10,965 164,785 SH   SOLE   41,460 0 123,325
CAESAR STONE SDOT YAM LTD COM M20598104 238 3,470 SH   SOLE   3,470 0 0
CALIFORNIA RESOURCES COM 13057Q107 216 35,825 SH   SOLE   16,835 0 18,990
CAPITAL CITY BK GROUP COM 139674105 2,587 169,410 SH   SOLE   138,135 0 31,275
CAPITAL ONE FINANCIAL CORP COM 14040H105 18,533 210,677 SH   SOLE   146,592 0 64,085
CARPENTER TECHNOLOGY COM 144285103 397 10,269 SH   SOLE   4,384 0 5,885
CBIZ INC COM 124805102 3,226 334,622 SH   SOLE   245,807 0 88,815
CBRE GROUP INC - A COM 12504L109 8,145 220,125 SH   SOLE   56,635 0 163,490
CECO ENVIRONMENTAL COM 125141101 2,544 224,538 SH   SOLE   180,048 0 44,490
CELADON GROUP INC COM 150838100 2,613 126,371 SH   SOLE   95,236 0 31,135
CELGENE CORP COM 151020104 9,449 81,640 SH   SOLE   21,170 0 60,470
CENTURY CASINOS INC COM 156492100 2,750 436,544 SH   SOLE   355,344 0 81,200
CENTURY COMMUNITIES INC COM 156504300 2,472 122,815 SH   SOLE   97,665 0 25,150
CHEVRON CORP COM 166764100 25,302 262,280 SH   SOLE   184,355 0 77,925
CHRISTOPHER & BANKS CP COM COM 171046105 1,673 417,285 SH   SOLE   361,985 0 55,300
CISCO SYSTEMS COM 17275R102 25,137 915,405 SH   SOLE   537,710 0 377,695
CITIGROUP INC COM 172967424 25,659 464,496 SH   SOLE   323,521 0 140,975
COACH INC COM 189754104 3,599 103,990 SH   SOLE   29,510 0 74,480
COLUMBUS MCKINNON N Y COM COM 199333105 2,046 81,858 SH   SOLE   59,188 0 22,670
COMFORT SYS USA INC COM COM 199908104 3,804 165,736 SH   SOLE   126,366 0 39,370
COMPUTER TASK GROUP COM 205477102 1,129 146,210 SH   SOLE   125,910 0 20,300
CON-WAY INC COM 205944101 332 8,650 SH   SOLE   4,060 0 4,590
CONCURRENT COMPUTER COM 206710402 1,646 265,514 SH   SOLE   207,614 0 57,900
CONOCOPHILLIPS COM 20825C104 5,174 84,250 SH   SOLE   59,200 0 25,050
CONSOLIDATED EDISON INC COM 209115104 10,731 185,405 SH   SOLE   130,355 0 55,050
CORNING INC COM 219350105 6,998 354,683 SH   SOLE   249,508 0 105,175
COSTCO CORP COM 22160K105 6,459 47,823 SH   SOLE   11,868 0 35,955
COVENANT TRANSPORTATION COM 22284P105 1,228 48,997 SH   SOLE   42,497 0 6,500
CRA INTERNATIONAL COM 12618T105 1,541 55,280 SH   SOLE   47,980 0 7,300
CROSS COUNTRY HEALTH COM 227483104 2,736 215,779 SH   SOLE   172,304 0 43,475
CUMMINS INC COM 231021106 4,683 35,700 SH   SOLE   8,775 0 26,925
CVS HEALTH COM 126650100 10,941 104,315 SH   SOLE   24,835 0 79,480
DAKTRONICS INC COM 234264109 1,874 158,029 SH   SOLE   137,029 0 21,000
DANAHER CORP COM 235851102 4,550 53,155 SH   SOLE   13,655 0 39,500
DELTA AIRLINES COM 247361702 8,864 215,774 SH   SOLE   151,774 0 64,000
DELTIC TIMBER CORP COM 247850100 341 5,045 SH   SOLE   2,240 0 2,805
DESTINATION XL COM 25065k104 1,708 340,840 SH   SOLE   292,365 0 48,475
DIAMONDBACK ENERGY INC COM 25278X109 2,966 39,347 SH   SOLE   10,947 0 28,400
DIGIRAD CORP COM 253827109 1,386 319,388 SH   SOLE   245,288 0 74,100
DIME COMMUNITY BANC COM 253922108 2,448 144,500 SH   SOLE   125,300 0 19,200
DISCOVER FINL SERVICES COM 254709108 7,707 133,760 SH   SOLE   89,140 0 44,620
DOW CHEMICAL COM 260543103 15,248 297,978 SH   SOLE   206,298 0 91,680
DUCOMMUN INC COM 264147109 2,545 99,137 SH   SOLE   79,562 0 19,575
EBAY INC COM COM 278642103 7,464 123,910 SH   SOLE   31,080 0 92,830
ELECTRO SCIENTIFIC COM 285229100 1,162 220,412 SH   SOLE   189,612 0 30,800
ENCORE WIRE CORP COM 292562105 565 12,749 SH   SOLE   5,734 0 7,015
ENERSYS COM 29275Y102 325 4,625 SH   SOLE   2,150 0 2,475
ENTEGRIS INC COM 29362U104 434 29,794 SH   SOLE   12,969 0 16,825
ESSA BANCORP INC COM 29667D104 1,812 140,875 SH   SOLE   108,975 0 31,900
ESTEE LAUDER A COM 518439104 6,142 70,874 SH   SOLE   18,104 0 52,770
EXACTECH, INC COM 30064E109 1,075 51,594 SH   SOLE   44,744 0 6,850
EXELON CORP COM COM 30161N101 9,299 295,945 SH   SOLE   208,070 0 87,875
EXFO INC COM 302046107 808 251,673 SH   SOLE   214,239 0 37,434
FACEBOOK INC-A COM 30303M102 16,079 187,475 SH   SOLE   47,435 0 140,040
FEDERAL AGRIC MTG CORP CL C COM 313148306 2,712 93,322 SH   SOLE   70,377 0 22,945
FIDELITY & GUARANTY LIFE COM 315785105 345 14,610 SH   SOLE   6,700 0 7,910
FINANCIAL INSTNS INC COM 317585404 2,558 102,976 SH   SOLE   75,066 0 27,910
FIREEYE INC COM 31816Q101 4,500 92,005 SH   SOLE   24,935 0 67,070
FIRST BANCORP INC ME COM 31866P102 952 48,975 SH   SOLE   42,475 0 6,500
FIRST FINANCIAL COM 320218100 3,192 89,263 SH   SOLE   68,203 0 21,060
FIRST INTERNET BANC COM 320557101 2,233 91,130 SH   SOLE   73,805 0 17,325
FIRST NBC BANK COM 32115D106 3,058 84,933 SH   SOLE   63,668 0 21,265
FIRSTENERGY CORP COM 337932107 13,400 411,665 SH   SOLE   284,970 0 126,695
FISERV INC COM 337738108 10,739 129,648 SH   SOLE   34,163 0 95,485
FOOT LOCKER INC COM 344849104 7,062 105,387 SH   SOLE   74,087 0 31,300
FORESTAR REAL ESTATE GROUP COM 346233109 255 19,378 SH   SOLE   9,233 0 10,145
FORTINET INC COM 34959E109 7,284 176,250 SH   SOLE   46,725 0 129,525
FREEPORT-MCMORAN COM 35671D857 4,098 220,107 SH   SOLE   154,882 0 65,225
FREIGHTCAR AMER INC COM COM 357023100 2,078 99,535 SH   SOLE   75,830 0 23,705
GAIN CAPITAL HOLDINGS COM 36268W100 2,825 295,487 SH   SOLE   228,377 0 67,110
GAMESTOP CORP A COM 36467W109 4,416 102,800 SH   SOLE   72,275 0 30,525
GENERAL DYNAMICS COM 369550108 18,314 129,254 SH   SOLE   88,936 0 40,318
GENERAL MOTORS CO COM 37045V100 12,043 361,339 SH   SOLE   254,139 0 107,200
GIBRALTAR INDUSTRIES COM 374689107 3,779 185,536 SH   SOLE   138,746 0 46,790
GILEAD SCIENCES COM 375558103 9,858 84,201 SH   SOLE   21,091 0 63,110
GLOBAL CASH ACCESS COM 378967103 2,627 339,446 SH   SOLE   272,346 0 67,100
GOLDMAN SACHS COM 38141G104 16,892 80,906 SH   SOLE   56,226 0 24,680
GOOGLE A COM 38259P508 4,689 8,682 SH   SOLE   2,157 0 6,525
GREAT LAKES DREDGE & DOCK COM 390607109 1,444 242,264 SH   SOLE   209,314 0 32,950
GULF ISLAND FABRICATN COM 402307102 784 70,215 SH   SOLE   60,915 0 9,300
HANMI FINANCIAL CORP COM 410495204 3,254 130,989 SH   SOLE   103,304 0 27,685
HARDINGE INC COM COM 412324303 2,010 204,058 SH   SOLE   162,958 0 41,100
HARTFORD FINANCIAL SERVICES COM 416515104 14,770 355,303 SH   SOLE   245,501 0 109,802
HARVARD BIOSCIENCE INC COM COM 416906105 1,770 310,519 SH   SOLE   244,719 0 65,800
HAVERTY FURNITURE COM 419596101 1,586 73,340 SH   SOLE   63,690 0 9,650
HELIX ENERGY SOLUTIONS COM 42330P107 146 11,523 SH   SOLE   5,333 0 6,190
HERMAN MILLER INC COM 600544100 431 14,885 SH   SOLE   6,730 0 8,155
HILL INTERNATIONAL COM 431466101 3,340 634,959 SH   SOLE   524,284 0 110,675
HILTON HOTELS CORP COM COM 43300a104 5,726 207,855 SH   SOLE   55,564 0 152,291
HOME DEPOT INC COM 437076102 10,061 90,530 SH   SOLE   22,420 0 68,110
HOMESTREET INC COM 43785V102 2,507 109,840 SH   SOLE   86,490 0 23,350
HOMETRUST BANCSHARES COM 437872104 2,400 143,200 SH   SOLE   109,395 0 33,805
HONEYWELL INTERNATIONAL COM 438516106 4,514 44,270 SH   SOLE   11,050 0 33,220
HORACE MANN EDUCATORS COM 440327104 260 7,150 SH   SOLE   2,650 0 4,500
HORIZON BANCORP IND COM COM 440407104 1,592 63,780 SH   SOLE   55,330 0 8,450
HORMEL FOODS CORP COM 440452100 4,535 80,450 SH   SOLE   21,140 0 59,310
ILLUMINA INC COM 452327109 7,323 33,535 SH   SOLE   9,165 0 24,370
INDEPENDENT BANK MA COM 453836108 517 11,016 SH   SOLE   5,091 0 5,925
INDEPENDENT BANK MI COM 453838609 2,428 179,022 SH   SOLE   143,997 0 35,025
INTEL CORP COM 458140100 9,860 324,190 SH   SOLE   223,815 0 100,375
INTERCONTINENTAL EXCH COM 45866F104 6,035 26,987 SH   SOLE   6,947 0 20,040
IXYS CORP COM 46600W106 2,238 146,280 SH   SOLE   116,330 0 29,950
JABIL CIRCUIT INC COM 466313103 4,358 204,705 SH   SOLE   143,930 0 60,775
JANUS CAPITAL COM 47102X105 6,898 402,925 SH   SOLE   283,400 0 119,525
JPMORGAN CHASE COM 46625H100 26,510 391,230 SH   SOLE   272,705 0 118,525
KEYCORP COM 493267108 13,399 892,056 SH   SOLE   627,377 0 264,679
KOHLS CORP COM 500255104 5,852 93,470 SH   SOLE   65,795 0 27,675
KROGER CO COM 501044101 6,410 88,395 SH   SOLE   59,620 0 28,775
LA Z BOY INC COM 505336107 565 21,432 SH   SOLE   9,602 0 11,830
LEAR CORP COM 521865204 8,965 79,855 SH   SOLE   56,130 0 23,725
LHC GROUP COM 50187A107 406 10,620 SH   SOLE   4,880 0 5,740
LIONS GATE ENTERTAINMENT COM 535919203 5,369 144,920 SH   SOLE   38,355 0 106,565
LITHIA MOTORS A COM 536797103 6,882 60,814 SH   SOLE   16,038 0 44,776
LSI INDS INC COM COM 50216C108 828 88,680 SH   SOLE   76,355 0 12,325
MAINSOURCE FINANCIAL COM 56062Y102 3,914 178,328 SH   SOLE   134,503 0 43,825
MARATHON PETROLEUM CORP COM 56585A102 15,549 297,244 SH   SOLE   208,914 0 88,330
MARTEN TRANS LTD COM 573075108 1,939 89,342 SH   SOLE   77,442 0 11,900
MATRIX SVC CO COM 576853105 255 13,958 SH   SOLE   6,263 0 7,695
MCKESSON CORP COM 58155Q103 7,868 35,000 SH   SOLE   8,690 0 26,310
MEAD JOHNSON NUTRITION CO COM 582839106 2,160 23,945 SH   SOLE   6,735 0 17,210
MEDTRONIC PLC COM G5960L103 7,239 97,695 SH   SOLE   25,451 0 72,244
MENTOR GRAPHICS CORP COM 587200106 563 21,284 SH   SOLE   9,739 0 11,545
META FINANCIAL GROUP COM 59100U108 3,114 72,548 SH   SOLE   58,811 0 13,737
MICROSOFT CORP COM 594918104 234 5,300 SH   SOLE   0 0 5,300
MIDDLEBY CORP COM COM 596278101 7,083 63,114 SH   SOLE   16,969 0 46,145
MOHAWK INDUSTRIES COM 608190104 8,256 43,248 SH   SOLE   11,663 0 31,585
MONARCH FINANCIAL COM 60907Q100 1,325 105,579 SH   SOLE   82,910 0 22,669
NEW YORK AND COMPANY INC COM 649295102 875 326,491 SH   SOLE   283,291 0 43,200
NORFOLK SOUTHERN CORP COM 655844108 6,833 78,215 SH   SOLE   53,387 0 24,828
NORTHRIM BANCORP INC COM 666762109 1,127 43,969 SH   SOLE   38,119 0 5,850
NORTHWEST PIPE CO COM COM 667746101 865 42,466 SH   SOLE   36,791 0 5,675
OLD NATIONAL BANCORP COM 680033107 462 31,967 SH   SOLE   14,992 0 16,975
OLYMPIC STEEL INC COM COM 68162K106 3,117 178,745 SH   SOLE   143,970 0 34,775
ONE GAS INC COM 68235P108 257 6,045 SH   SOLE   2,895 0 3,150
ORION MARINE GROUP COM 68628V308 2,302 318,775 SH   SOLE   276,575 0 42,200
PACIFIC ETHANOL INC COM COM 69423U305 1,307 126,671 SH   SOLE   109,871 0 16,800
PALO ALTO NETWORKS INC COM 697435105 3,739 21,404 SH   SOLE   5,989 0 15,415
PERRY ELLIS COM 288853104 1,592 66,964 SH   SOLE   58,064 0 8,900
PETROQUEST ENERGY COM 716748108 1,615 815,698 SH   SOLE   623,858 0 191,840
PHILIP MORRIS INTERNATIONAL COM 718172109 4,968 61,971 SH   SOLE   15,581 0 46,390
PHOTRONICS COM 719405102 2,123 223,262 SH   SOLE   180,952 0 42,310
PLEXUS CORP COM 729132100 324 7,390 SH   SOLE   3,420 0 3,970
PNC FINANCIAL SERVICES GROUP COM 693475105 8,864 92,670 SH   SOLE   65,210 0 27,460
PORTLAND GENERAL ELECTRIC COM 736508847 519 15,648 SH   SOLE   5,958 0 9,690
POWELL INDS INC COM 739128106 1,538 43,731 SH   SOLE   35,526 0 8,205
PPL CORPORATION COM 69351T106 13,313 451,740 SH   SOLE   311,740 0 140,000
PREMIERE GLOBAL SERVICES COM 740585104 2,855 277,407 SH   SOLE   208,757 0 68,650
PRUDENTIAL FINANCIAL COM 744320102 7,778 88,875 SH   SOLE   61,150 0 27,725
QLIK TECHNOLOGIES INC COM 74733T105 268 7,667 SH   SOLE   7,667 0 0
QLOGIC CORP COM 747277101 303 21,350 SH   SOLE   9,930 0 11,420
QORVO INC COM 74736K101 5,714 71,180 SH   SOLE   17,930 0 53,250
QUEST DIAGNOSTICS INC COM 74834L100 9,618 132,630 SH   SOLE   90,455 0 42,175
RING ENERGY INC COM 76680V108 1,867 166,890 SH   SOLE   133,865 0 33,025
RUBY TUESDAY INC COM 781182100 2,625 418,722 SH   SOLE   322,202 0 96,520
RUDOLPH TECHNOLOGIES COM 781270103 2,177 181,255 SH   SOLE   137,795 0 43,460
SAFEGUARD SCIENTIFICS COM 786449207 2,659 136,614 SH   SOLE   108,064 0 28,550
SALESFORCE COM COM 79466L302 2,073 29,765 SH   SOLE   7,335 0 22,430
SARATOGA INVEST CORP COM 80349A208 1,299 75,680 SH   SOLE   65,635 0 10,045
SCHNITZER STEEL INDS INC-A COM 806882106 1,824 104,410 SH   SOLE   77,715 0 26,695
SEACHANGE INTL INC COM COM 811699107 1,598 227,940 SH   SOLE   197,990 0 29,950
SERVICENOW INC COM 81762P102 6,034 81,195 SH   SOLE   22,715 0 58,480
SI FINANCIAL GROUP COM 78425V104 1,002 86,076 SH   SOLE   74,476 0 11,600
SIERRA BANCORP COM COM 82620P102 1,507 87,055 SH   SOLE   75,530 0 11,525
SIGNATURE BANK COM 82669G104 6,713 45,859 SH   SOLE   12,539 0 33,320
SILICOM LTD COM M84116108 1,471 39,920 SH   SOLE   34,620 0 5,300
SIRONA DENTAL SYS INC COM COM 82966C103 5,597 55,733 SH   SOLE   15,183 0 40,550
SNAP-ON INC COM 833034101 11,015 69,170 SH   SOLE   18,845 0 50,325
SPARTAN MOTORS INC COM 846819100 2,514 548,982 SH   SOLE   441,482 0 107,500
SPARTANNASH COM 847215100 218 6,695 SH   SOLE   3,105 0 3,590
SPLUNK INC COM 848637104 4,811 69,108 SH   SOLE   18,248 0 50,860
SPOK HOLDINGS COM 84863T106 1,161 68,952 SH   SOLE   59,669 0 9,283
STAGE STORES INC COM 85254C305 2,779 158,535 SH   SOLE   119,605 0 38,930
STARBUCKS CORP COM 855244109 8,799 164,110 SH   SOLE   41,235 0 122,875
STATE STREET CORP COM 857477103 5,311 68,971 SH   SOLE   17,261 0 51,710
STEIN MART INC COM 858375108 2,855 272,705 SH   SOLE   205,180 0 67,525
STERLING CONSTRUCTION COM 859241101 2,023 505,709 SH   SOLE   398,929 0 106,780
SYNAPTICS INC COM COM 87157D109 279 3,221 SH   SOLE   1,601 0 1,620
SYNERGETICS USA COM 87160G107 1,600 340,469 SH   SOLE   271,069 0 69,400
SYSTEMAX INC COM COM 871851101 1,254 145,100 SH   SOLE   125,900 0 19,200
TARGET CORP COM 87612E106 10,816 132,505 SH   SOLE   90,855 0 41,650
TELECOMMUNICATION SYS CL A COM 87929J103 1,667 503,715 SH   SOLE   396,015 0 107,700
TEMPUR SEALY INTERNATIONAL I COM 88023U101 5,721 86,815 SH   SOLE   23,471 0 63,344
TERRITORIAL BANCORP INC COM 88145X108 2,706 111,556 SH   SOLE   92,031 0 19,525
TESCO CORP COM 88157K101 1,382 126,767 SH   SOLE   109,867 0 16,900
THE TRAVELERS CO COM 89417E109 20,065 207,587 SH   SOLE   144,212 0 63,375
TOWNE BANK COM 89214P109 2,762 169,541 SH   SOLE   124,231 0 45,310
TRACTOR SUPPLY COMPANY COM 892356106 3,428 38,116 SH   SOLE   10,966 0 27,150
TRAVELCENTERS OF AMERICA COM 894174101 2,509 168,928 SH   SOLE   127,628 0 41,300
TRI POINTE HOMES COM 87265H109 405 26,450 SH   SOLE   12,375 0 14,075
TWITTER INC COM 90184L102 2,661 73,465 SH   SOLE   20,750 0 52,715
TYSON FOODS A COM 902494103 7,449 174,725 SH   SOLE   122,975 0 51,750
ULTA SALON COM 90384S303 7,763 50,259 SH   SOLE   13,589 0 36,670
ULTIMATE SOFTWARE GROUP INC COM 90385D107 205 1,250 SH   SOLE   825 0 425
UNITED CMNTY FINL OHIO COM COM 909839102 1,468 274,480 SH   SOLE   237,980 0 36,500
UNITED HEALTH GROUP COM 91324P102 6,085 49,880 SH   SOLE   12,515 0 37,365
UNITED INSURANCE HOLDINGS COM 910710102 2,986 192,160 SH   SOLE   146,875 0 45,285
UNIVERSAL STAINLESS COM 913837100 1,580 80,413 SH   SOLE   69,713 0 10,700
UNUM GROUP COM 91529Y106 13,057 365,244 SH   SOLE   252,904 0 112,340
VALSPAR CORP COM 920355104 7,544 92,200 SH   SOLE   24,650 0 67,550
VISA INC A COM 92826C839 15,750 234,545 SH   SOLE   59,025 0 175,520
WABCO HOLDINGS COM 92927K102 6,219 50,270 SH   SOLE   12,920 0 37,350
WALT DISNEY CO COM 254687106 10,846 95,020 SH   SOLE   24,425 0 70,595
WASHINGTON TRUST BANCORP COM 940610108 2,319 58,750 SH   SOLE   50,817 0 7,933
WAYSIDE TECHNOLOGY GROUP COM 946760105 1,194 60,258 SH   SOLE   52,133 0 8,125
WCI COMMUNITIES INC COM 92923C807 3,759 154,109 SH   SOLE   118,189 0 35,920
WEST MARINE INC COM COM 954235107 2,314 240,005 SH   SOLE   196,705 0 43,300
WESTELL TECHNOLOGIES A COM 957541105 583 588,565 SH   SOLE   500,965 0 87,600
WESTERN ALLIANCE BANCORP COM 957638109 249 7,375 SH   SOLE   5,275 0 2,100
WESTLAKE CHEMICAL CORP COM 960413102 5,265 76,760 SH   SOLE   21,340 0 55,420
WHITEWAVE FOODS CO - A COM 966244105 5,098 104,290 SH   SOLE   27,850 0 76,440
WILLIAMS-SONOMA INC COM 969904101 5,425 65,945 SH   SOLE   18,290 0 47,655
XCERRA CORP COM 98400J108 2,553 337,285 SH   SOLE   260,095 0 77,190
BP PLC ADR ADR 055622104 8,851 221,500 SH   SOLE   152,945 0 68,555
ROYAL DUTCH SHELL PLC ADR ADR 780259107 14,893 259,690 SH   SOLE   180,305 0 79,385
SANOFI-AVENTIS SAADR ADR 80105N105 11,656 235,326 SH   SOLE   165,476 0 69,850
TEVA PHARMA ADR ADR 881624209 16,661 281,917 SH   SOLE   195,367 0 86,550