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
AAR CORP COM 000361105 42,789 1,366,194 SH   SOLE   1,030,154 0 336,040
ABBVIE INC COM 00287Y109 42,696 676,958 SH   SOLE   319,202 0 357,756
ADAMS RES & ENERGY INC COM NEW 006351308 4,325 109,988 SH   SOLE   109,988 0 0
ADTRAN INC COM 00738A106 34,552 1,805,201 SH   SOLE   1,299,137 0 506,064
ALON USA ENERGY INC COM 020520102 8,681 1,077,080 SH   SOLE   1,077,080 0 0
ANDERSONS INC COM 034164103 39,954 1,104,310 SH   SOLE   788,983 0 315,327
ANNALY CAP MGMT INC COM 035710409 1,050 100,000 SH Put SOLE   100,000 0 0
ANTERO RES CORP COM 03674X106 202 7,500 SH   SOLE   7,500 0 0
APPLE INC COM 037833100 63,578 562,392 SH   SOLE   263,302 0 299,090
ARMADA HOFFLER PPTYS INC COM 04208T108 6,433 480,077 SH   SOLE   480,077 0 0
ARTESIAN RESOURCES CORP CL A 043113208 1,741 60,998 SH   SOLE   60,998 0 0
AT&T INC COM 00206R102 32,976 812,014 SH   SOLE   374,444 0 437,570
BANC OF CALIFORNIA INC COM 05990K106 3,255 186,418 SH   SOLE   186,418 0 0
BANK AMER CORP COM 060505104 26,169 1,672,158 SH   SOLE   817,848 0 854,310
BANKFINANCIAL CORP COM 06643P104 8,006 630,426 SH   SOLE   630,426 0 0
BARRETT BILL CORP COM 06846N104 962 173,000 SH   SOLE   173,000 0 0
BB&T CORP COM 054937107 55,508 1,471,578 SH   SOLE   688,870 0 782,708
BIG 5 SPORTING GOODS CORP COM 08915P101 958 70,367 SH   SOLE   70,367 0 0
BIO TECHNE CORP COM 09073M104 420 3,839 SH   SOLE   3,839 0 0
BLOOMIN BRANDS INC COM 094235108 19,916 1,155,213 SH   SOLE   768,980 0 386,233
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 18,355 1,175,128 SH   SOLE   767,449 0 407,679
BROOKLINE BANCORP INC DEL COM 11373M107 19,385 1,590,246 SH   SOLE   1,160,907 0 429,339
BROOKS AUTOMATION INC COM 114340102 8,788 645,681 SH   SOLE   645,681 0 0
BRYN MAWR BK CORP COM 117665109 7,712 241,078 SH   SOLE   241,078 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 22,399 423,339 SH   SOLE   293,152 0 130,187
CAESARSTONE LTD ORD SHS M20598104 245 6,500 SH   SOLE   6,500 0 0
CALGON CARBON CORP COM 129603106 10,222 673,806 SH   SOLE   673,806 0 0
CALLON PETE CO DEL COM 13123X102 997 63,500 SH   SOLE   63,500 0 0
CARDINAL HEALTH INC COM 14149Y108 26,934 346,640 SH   SOLE   161,438 0 185,202
CATCHMARK TIMBER TR INC CL A 14912Y202 12,471 1,066,784 SH   SOLE   1,066,784 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 5,631 782,068 SH   SOLE   782,068 0 0
CENTERPOINT ENERGY INC COM 15189T107 26,637 1,146,654 SH   SOLE   563,862 0 582,792
CHARTER FINL CORP MD COM 16122W108 1,192 92,520 SH   SOLE   92,520 0 0
CHEVRON CORP NEW COM 166764100 63,485 616,839 SH   SOLE   281,909 0 334,930
CHICOS FAS INC COM 168615102 10,588 889,722 SH   SOLE   618,134 0 271,588
CITIGROUP INC COM NEW 172967424 567 12,000 SH   SOLE   12,000 0 0
CLUBCORP HLDGS INC COM 18948M108 32,092 2,217,802 SH   SOLE   1,572,845 0 644,957
CNOOC LTD SPONSORED ADR 126132109 1,214 9,600 SH   SOLE   9,600 0 0
COCA COLA CO COM 191216100 33,527 792,220 SH   SOLE   379,900 0 412,320
CODORUS VY BANCORP INC COM 192025104 1,834 83,830 SH   SOLE   83,830 0 0
COHEN & STEERS INC COM 19247A100 24,169 565,365 SH   SOLE   376,299 0 189,066
COHU INC COM 192576106 23,230 1,978,739 SH   SOLE   1,569,305 0 409,434
COLUMBIA BKG SYS INC COM 197236102 17,849 545,495 SH   SOLE   363,519 0 181,976
COLUMBIA SPORTSWEAR CO COM 198516106 29,811 525,393 SH   SOLE   354,043 0 171,350
COMMUNICATIONS SYS INC COM 203900105 1,886 396,188 SH   SOLE   396,188 0 0
COMPASS MINERALS INTL INC COM 20451N101 43,978 596,713 SH   SOLE   396,643 0 200,070
CONOCOPHILLIPS COM 20825C104 47,054 1,082,446 SH   SOLE   514,891 0 567,555
CONTINENTAL RESOURCES INC COM 212015101 701 13,500 SH   SOLE   13,500 0 0
COOPER TIRE & RUBR CO COM 216831107 40,594 1,067,698 SH   SOLE   711,760 0 355,938
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 30,194 1,065,034 SH   SOLE   710,188 0 354,846
COVANTA HLDG CORP COM 22282E102 7,091 460,732 SH   SOLE   295,899 0 164,833
CREDICORP LTD COM G2519Y108 892 5,860 SH   SOLE   5,860 0 0
CULLEN FROST BANKERS INC COM 229899109 31,233 434,147 SH   SOLE   216,292 0 217,855
CYPRESS SEMICONDUCTOR CORP COM 232806109 55,283 4,546,317 SH   SOLE   2,506,478 0 2,039,839
DELEK US HLDGS INC COM 246647101 52,863 3,057,411 SH   SOLE   2,176,511 0 880,900
DIEBOLD INC COM 253651103 66,572 2,685,443 SH   SOLE   1,667,505 0 1,017,938
DONEGAL GROUP INC CL A 257701201 4,315 267,862 SH   SOLE   267,862 0 0
DUNKIN BRANDS GROUP INC COM 265504100 36,400 698,921 SH   SOLE   345,891 0 353,030
DYNAMIC MATLS CORP COM 267888105 4,967 465,953 SH   SOLE   465,953 0 0
EAGLE BANCORP MONT INC COM 26942G100 3,577 251,756 SH   SOLE   251,756 0 0
EASTERN VA BANKSHARES INC COM 277196101 501 62,258 SH   SOLE   62,258 0 0
EASTMAN CHEM CO COM 277432100 56,570 835,847 SH   SOLE   402,107 0 433,740
EATON CORP PLC SHS G29183103 31,825 484,320 SH   SOLE   247,940 0 236,380
ECLIPSE RES CORP COM 27890G100 508 154,500 SH   SOLE   154,500 0 0
EMERSON ELEC CO COM 291011104 53,497 981,410 SH   SOLE   440,470 0 540,940
ENTERPRISE FINL SVCS CORP COM 293712105 4,619 147,811 SH   SOLE   147,811 0 0
ENTRAVISION COMMUNICATIONS C CL A 29382R107 4,823 632,119 SH   SOLE   632,119 0 0
EVEREST RE GROUP LTD COM G3223R108 22,026 115,944 SH   SOLE   63,832 0 52,112
EXXON MOBIL CORP COM 30231G102 62,457 715,593 SH   SOLE   311,160 0 404,433
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 831 98,000 SH   SOLE   98,000 0 0
FIFTH THIRD BANCORP COM 316773100 47,184 2,306,181 SH   SOLE   1,077,821 0 1,228,360
FINISH LINE INC CL A 317923100 38,173 1,653,949 SH   SOLE   1,163,307 0 490,642
FIRST BANCORP INC ME COM 31866P102 3,088 128,845 SH   SOLE   128,845 0 0
FIRST FINL BANCORP OH COM 320209109 455 20,846 SH   SOLE   20,846 0 0
FIRST HORIZON NATL CORP COM 320517105 30,548 2,005,766 SH   SOLE   1,311,244 0 694,522
FIRST MERCHANTS CORP COM 320817109 15,763 589,288 SH   SOLE   386,210 0 203,078
FIRST MIDWEST BANCORP DEL COM 320867104 17,165 886,619 SH   SOLE   569,484 0 317,135
FLOTEK INDS INC DEL COM 343389102 564 38,795 SH   SOLE   38,795 0 0
FLOWERS FOODS INC COM 343498101 28,208 1,865,585 SH   SOLE   1,081,315 0 784,270
FNB CORP PA COM 302520101 53,373 4,339,255 SH   SOLE   2,893,729 0 1,445,526
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 931 10,110 SH   SOLE   10,110 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 37,204 3,082,315 SH   SOLE   1,391,649 0 1,690,666
GALLAGHER ARTHUR J & CO COM 363576109 28,035 551,109 SH   SOLE   271,543 0 279,566
GASTAR EXPL INC NEW COM 36729W202 578 684,225 SH   SOLE   684,225 0 0
GENERAL MTRS CO COM 37045V100 28,078 883,801 SH   SOLE   420,681 0 463,120
GOLAR LNG LTD BERMUDA SHS G9456A100 456 21,500 SH   SOLE   21,500 0 0
GORES HLDGS INC CL A 382866101 319 29,500 SH   SOLE   29,500 0 0
GRAHAM CORP COM 384556106 5,551 290,627 SH   SOLE   290,627 0 0
GRANITE CONSTR INC COM 387328107 41,133 826,964 SH   SOLE   551,607 0 275,357
GREEN PLAINS INC COM 393222104 7,684 293,287 SH   SOLE   215,283 0 78,004
GREENHILL & CO INC COM 395259104 1,192 50,560 SH   SOLE   50,560 0 0
H & E EQUIPMENT SERVICES INC COM 404030108 6,472 386,143 SH   SOLE   386,143 0 0
HANCOCK HLDG CO COM 410120109 30,290 934,008 SH   SOLE   628,919 0 305,089
HARRIS CORP DEL COM 413875105 25,453 277,839 SH   SOLE   132,525 0 145,314
HARTFORD FINL SVCS GROUP INC COM 416515104 35,481 828,602 SH   SOLE   389,422 0 439,180
HAWKINS INC COM 420261109 4,062 93,735 SH   SOLE   93,735 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 15,032 405,076 SH   SOLE   292,826 0 112,250
HELMERICH & PAYNE INC COM 423452101 34,227 508,570 SH   SOLE   248,160 0 260,410
HNI CORP COM 404251100 11,044 277,488 SH   SOLE   184,302 0 93,186
HOPFED BANCORP INC COM 439734104 5,390 481,233 SH   SOLE   481,233 0 0
HORIZON BANCORP IND COM 440407104 1,439 48,970 SH   SOLE   48,970 0 0
HOST HOTELS & RESORTS INC COM 44107P104 40,119 2,576,698 SH   SOLE   1,283,279 0 1,293,419
HSN INC COM 404303109 34,795 874,235 SH   SOLE   572,866 0 301,369
HUNTSMAN CORP COM 447011107 32,528 1,999,264 SH   SOLE   952,530 0 1,046,734
HURCO COMPANIES INC COM 447324104 4,440 158,183 SH   SOLE   158,183 0 0
IBERIABANK CORP COM 450828108 35,859 534,256 SH   SOLE   356,130 0 178,126
ICICI BK LTD ADR 45104G104 6,932 928,010 SH   SOLE   809,690 0 118,320
INDEPENDENT BANK CORP MICH COM NEW 453838609 5,989 355,838 SH   SOLE   355,838 0 0
INNOSPEC INC COM 45768S105 243 4,000 SH   SOLE   4,000 0 0
INTEL CORP COM 458140100 32,114 850,713 SH   SOLE   407,133 0 443,580
INTERFACE INC COM 458665304 29,611 1,774,186 SH   SOLE   1,193,390 0 580,796
INTERNATIONAL BUSINESS MACHS COM 459200101 38,907 244,929 SH   SOLE   110,669 0 134,260
INTL PAPER CO COM 460146103 29,046 605,386 SH   SOLE   288,087 0 317,299
JABIL CIRCUIT INC COM 466313103 32,283 1,479,520 SH   SOLE   1,001,607 0 477,913
JOHNSON CTLS INTL PLC SHS G51502105 37,555 807,110 SH   SOLE   418,481 0 388,629
JPMORGAN CHASE & CO COM 46625H100 57,950 870,247 SH   SOLE   407,805 0 462,442
KANSAS CITY SOUTHERN COM NEW 485170302 2,061 22,090 SH   SOLE   22,090 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 693 20,270 SH   SOLE   1,170 0 19,100
KBR INC COM 48242W106 46,400 3,066,783 SH   SOLE   2,046,904 0 1,019,879
KFORCE INC COM 493732101 3,225 157,382 SH   SOLE   157,382 0 0
KIMBALL INTL INC CL B 494274103 7,709 595,757 SH   SOLE   595,757 0 0
KLA-TENCOR CORP COM 482480100 25,563 366,701 SH   SOLE   175,891 0 190,810
KRONOS WORLDWIDE INC COM 50105F105 25,166 3,035,682 SH   SOLE   2,176,163 0 859,519
KT CORP SPONSORED ADR 48268K101 919 57,260 SH   SOLE   57,260 0 0
LIBBEY INC COM 529898108 6,875 385,170 SH   SOLE   385,170 0 0
LIMONEIRA CO COM 532746104 1,968 104,127 SH   SOLE   104,127 0 0
LSI INDS INC COM 50216C108 689 61,353 SH   SOLE   61,353 0 0
M & T BK CORP COM 55261F104 25,811 222,320 SH   SOLE   106,233 0 116,087
MARATHON OIL CORP COM 565849106 7,948 502,739 SH   SOLE   281,481 0 221,258
MCGRATH RENTCORP COM 580589109 38,491 1,213,852 SH   SOLE   892,730 0 321,122
MERCK & CO INC COM 58933Y105 52,133 835,328 SH   SOLE   391,534 0 443,794
MEREDITH CORP COM 589433101 14,895 286,504 SH   SOLE   183,990 0 102,514
METLIFE INC COM 59156R108 26,982 607,296 SH   SOLE   279,956 0 327,340
MIDDLEBURG FINANCIAL CORP COM 596094102 2,803 99,109 SH   SOLE   99,109 0 0
MIDSOUTH BANCORP INC COM 598039105 6,551 629,917 SH   SOLE   629,917 0 0
MORGAN STANLEY COM NEW 617446448 42,670 1,330,933 SH   SOLE   633,190 0 697,743
MOSAIC CO NEW COM 61945C103 25,183 1,029,554 SH   SOLE   492,394 0 537,160
MTS SYS CORP COM 553777103 6,879 149,440 SH   SOLE   149,440 0 0
MURPHY OIL CORP COM 626717102 50,668 1,666,707 SH   SOLE   828,816 0 837,891
NABORS INDUSTRIES LTD SHS G6359F103 27,176 2,234,843 SH   SOLE   1,455,633 0 779,210
NATIONAL BK HLDGS CORP CL A 633707104 24,892 1,065,132 SH   SOLE   757,819 0 307,313
NATIONAL FUEL GAS CO N J COM 636180101 28,917 534,815 SH   SOLE   266,536 0 268,279
NEW YORK CMNTY BANCORP INC COM 649445103 32,017 2,249,959 SH   SOLE   1,126,697 0 1,123,262
NEWELL BRANDS INC COM 651229106 448 8,500 SH   SOLE   8,500 0 0
NEWFIELD EXPL CO COM 651290108 687 15,800 SH   SOLE   15,800 0 0
NEXTERA ENERGY INC COM 65339F101 28,646 234,187 SH   SOLE   111,802 0 122,385
NORFOLK SOUTHERN CORP COM 655844108 40,457 416,829 SH   SOLE   196,339 0 220,490
NORTHWEST BANCSHARES INC MD COM 667340103 20,257 1,289,408 SH   SOLE   827,961 0 461,447
NUCOR CORP COM 670346105 25,748 520,695 SH   SOLE   247,851 0 272,844
OCCIDENTAL PETE CORP DEL COM 674599105 49,482 678,579 SH   SOLE   318,049 0 360,530
OLD NATL BANCORP IND COM 680033107 42,129 2,996,367 SH   SOLE   2,004,555 0 991,812
OLIN CORP COM PAR $1 680665205 39,170 1,908,882 SH   SOLE   919,272 0 989,610
ONEBEACON INSURANCE GROUP LT CL A G67742109 5,689 398,383 SH   SOLE   259,566 0 138,817
ORBITAL ATK INC COM 68557N103 1,436 18,840 SH   SOLE   18,840 0 0
OSHKOSH CORP COM 688239201 33,903 605,412 SH   SOLE   395,513 0 209,899
OUTFRONT MEDIA INC COM 69007J106 59,151 2,501,116 SH   SOLE   1,380,786 0 1,120,330
OXFORD INDS INC COM 691497309 33,995 502,137 SH   SOLE   366,697 0 135,440
PACIFIC CONTINENTAL CORP COM 69412V108 5,915 351,643 SH   SOLE   351,643 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,841 105,044 SH   SOLE   105,044 0 0
PARK STERLING CORP COM 70086Y105 9,543 1,175,206 SH   SOLE   1,175,206 0 0
PARSLEY ENERGY INC CL A 701877102 1,005 30,000 SH   SOLE   30,000 0 0
PENTAIR PLC SHS G7S00T104 31,671 493,014 SH   SOLE   268,305 0 224,709
PEOPLES BANCORP INC COM 709789101 5,898 239,835 SH   SOLE   239,835 0 0
PHILIP MORRIS INTL INC COM 718172109 30,507 313,790 SH   SOLE   149,600 0 164,190
PINNACLE WEST CAP CORP COM 723484101 21,690 285,430 SH   SOLE   139,402 0 146,028
PLDT INC SPONSORED ADR 69344D408 2,089 58,573 SH   SOLE   58,573 0 0
PNC FINL SVCS GROUP INC COM 693475105 35,823 397,632 SH   SOLE   189,253 0 208,379
POLYONE CORP COM 73179P106 23,017 680,765 SH   SOLE   442,185 0 238,580
POTLATCH CORP NEW COM 737630103 33,147 852,325 SH   SOLE   574,924 0 277,401
PRAXAIR INC COM 74005P104 40,420 334,517 SH   SOLE   156,637 0 177,880
PRIMORIS SVCS CORP COM 74164F103 47,354 2,298,753 SH   SOLE   1,643,730 0 655,023
PROSPERITY BANCSHARES INC COM 743606105 31,549 574,767 SH   SOLE   385,444 0 189,323
PRUDENTIAL FINL INC COM 744320102 43,792 536,339 SH   SOLE   256,589 0 279,750
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 2,611 339,102 SH   SOLE   339,102 0 0
QUALCOMM INC COM 747525103 29,102 424,840 SH   SOLE   195,870 0 228,970
REGAL BELOIT CORP COM 758750103 1,524 25,615 SH   SOLE   25,615 0 0
RESOURCES CONNECTION INC COM 76122Q105 4,931 330,071 SH   SOLE   330,071 0 0
RING ENERGY INC COM 76680V108 1,507 137,606 SH   SOLE   137,606 0 0
RIVERVIEW BANCORP INC COM 769397100 1,391 258,492 SH   SOLE   258,492 0 0
ROCKWELL AUTOMATION INC COM 773903109 29,205 238,720 SH   SOLE   106,160 0 132,560
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 24,052 480,370 SH   SOLE   257,700 0 222,670
RYDER SYS INC COM 783549108 40,422 612,914 SH   SOLE   296,694 0 316,220
SCHLUMBERGER LTD COM 806857108 56,479 718,199 SH   SOLE   370,199 0 348,000
SCHULMAN A INC COM 808194104 27,265 936,290 SH   SOLE   671,786 0 264,504
SI FINL GROUP INC MD COM 78425V104 3,657 277,034 SH   SOLE   277,034 0 0
SILGAN HOLDINGS INC COM 827048109 23,666 467,793 SH   SOLE   308,498 0 159,295
SJW CORP COM 784305104 526 12,037 SH   SOLE   12,037 0 0
SNYDERS-LANCE INC COM 833551104 24,073 716,896 SH   SOLE   479,417 0 237,479
SOUTH JERSEY INDS INC COM 838518108 16,416 555,546 SH   SOLE   364,139 0 191,407
SOUTHWEST BANCORP INC OKLA COM 844767103 7,200 379,160 SH   SOLE   379,160 0 0
ST JUDE MED INC COM 790849103 37,253 467,061 SH   SOLE   217,513 0 249,548
STATE AUTO FINL CORP COM 855707105 6,495 272,771 SH   SOLE   180,294 0 92,477
STONECASTLE FINL CORP COM 861780104 3,205 171,643 SH   SOLE   171,643 0 0
SUN HYDRAULICS CORP COM 866942105 4,057 125,722 SH   SOLE   125,722 0 0
SUNTRUST BKS INC COM 867914103 29,174 666,084 SH   SOLE   317,244 0 348,840
SYNALLOY CP DEL COM 871565107 4,352 457,639 SH   SOLE   457,639 0 0
SYNGENTA AG SPONSORED ADR 87160A100 18,338 209,339 SH   SOLE   102,950 0 106,389
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 5,115 167,222 SH   SOLE   167,222 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 24,543 629,951 SH   SOLE   412,027 0 217,924
TELEFONICA BRASIL SA SPONSORED ADR 87936r106 930 64,280 SH   SOLE   64,280 0 0
TENARIS S A SPONSORED ADR 88031M109 1,265 44,530 SH   SOLE   44,530 0 0
TEREX CORP NEW COM 880779103 31,182 1,227,163 SH   SOLE   802,606 0 424,557
TESSCO TECHNOLOGIES INC COM 872386107 7,197 579,937 SH   SOLE   579,937 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 29,557 768,916 SH   SOLE   501,166 0 267,750
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 27,271 592,724 SH   SOLE   362,744 0 229,980
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,376 5,750 SH   SOLE   5,750 0 0
TIMKEN CO COM 887389104 32,688 930,234 SH   SOLE   457,844 0 472,390
TRAVELCENTERS AMER LLC COM 894174101 372 52,000 SH   SOLE   52,000 0 0
TRICO BANCSHARES COM 896095106 8,032 300,046 SH   SOLE   300,046 0 0
TRONOX LTD SHS CL A Q9235V101 10,042 1,071,755 SH   SOLE   614,974 0 456,781
UMB FINL CORP COM 902788108 30,260 508,992 SH   SOLE   342,809 0 166,183
UNION BANKSHARES CORP NEW COM 90539J109 793 29,621 SH   SOLE   29,621 0 0
UNION PAC CORP COM 907818108 33,813 346,698 SH   SOLE   163,858 0 182,840
UNITED CMNTY FINL CORP OHIO COM 909839102 5,749 808,528 SH   SOLE   808,528 0 0
UNITED FINL BANCORP INC NEW COM 910304104 10,192 736,440 SH   SOLE   736,440 0 0
UNITED PARCEL SERVICE INC CL B 911312106 47,203 431,630 SH   SOLE   201,090 0 230,540
UNITED STATES OIL FUND LP UNITS 91232N108 5,138 470,100 SH Call SOLE   470,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 24,413 240,283 SH   SOLE   130,823 0 109,460
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105 1,854 138,135 SH   SOLE   138,135 0 0
UNIVEST CORP PA COM 915271100 7,776 332,869 SH   SOLE   332,869 0 0
US BANCORP DEL COM NEW 902973304 27,517 641,574 SH   SOLE   297,704 0 343,870
VILLAGE SUPER MKT INC CL A NEW 927107409 3,988 124,574 SH   SOLE   124,574 0 0
VIMPELCOM LTD SPONSORED ADR 92719a106 5,941 1,707,097 SH   SOLE   1,473,997 0 233,100
WAL-MART STORES INC COM 931142103 38,881 539,120 SH   SOLE   252,209 0 286,911
WELLS FARGO & CO NEW COM 949746101 36,755 830,061 SH   SOLE   400,651 0 429,410
WESBANCO INC COM 950810101 26,502 806,034 SH   SOLE   533,667 0 272,367
WESTERN DIGITAL CORP COM 958102105 40,073 685,352 SH   SOLE   334,793 0 350,559
WESTERN REFNG INC COM 959319104 51,616 1,950,709 SH   SOLE   1,290,508 0 660,201
WESTROCK CO COM 96145D105 27,018 557,305 SH   SOLE   257,640 0 299,665
WESTWOOD HLDGS GROUP INC COM 961765104 2,290 43,122 SH   SOLE   43,122 0 0
WEYCO GROUP INC COM 962149100 2,886 107,412 SH   SOLE   107,412 0 0
WOLVERINE WORLD WIDE INC COM 978097103 16,049 696,885 SH   SOLE   460,030 0 236,855
YRC WORLDWIDE INC COM PAR $.01 984249607 166 13,500 SH   SOLE   13,500 0 0
ZIONS BANCORPORATION COM 989701107 527 17,000 SH   SOLE   17,000 0 0