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
ADIENT PLC ORD SHS G0084W101 168,663 2,320,948 SH   SOLE 1,384,637 0 936,311
ALLISON TRANSMISSION HLDGS I COM 01973R101 18,165 503,735 SH   SOLE 479,635 0 24,100
ALLSTATE CORP COM 020002101 53,720 659,228 SH   SOLE 172,409 0 486,819
ALLY FINL INC COM 02005N100 29,590 1,455,500 SH   SOLE 1,388,200 0 67,300
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,509 117,400 SH   SOLE 117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,037,218 16,614,092 SH   SOLE 8,956,239 0 7,657,853
AMERICAN VANGUARD CORP COM 030371108 22,862 1,377,199 SH   SOLE 1,130,699 0 246,500
ANTHEM INC COM 036752103 587,094 3,549,970 SH   SOLE 1,917,713 0 1,632,257
APACHE CORP COM 037411105 50,358 979,914 SH   SOLE 265,914 0 714,000
ARMSTRONG FLOORING INC COM 04238R106 10,987 596,480 SH   SOLE 486,040 0 110,440
ARRIS INTL INC SHS G0551A103 274,944 10,394,872 SH   SOLE 9,453,072 0 941,800
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 4,425 85,019 SH   SOLE 70,419 0 14,600
ASSOCIATED BANC CORP COM 045487105 28,902 1,184,526 SH   SOLE 976,396 0 208,130
AVIS BUDGET GROUP COM 053774105 25,717 869,400 SH   SOLE 829,800 0 39,600
AVNET INC COM 053807103 63,153 1,380,084 SH   SOLE 1,316,784 0 63,300
BANCORP INC DEL COM 05969A105 77 15,151 SH   SOLE 15,151 0 0
BANK AMER CORP COM 060505104 705,198 29,893,935 SH   SOLE 16,183,248 0 13,710,687
BANK AMER CORP *W EXP 01/16/201 060505146 1,046 92,563 SH   SOLE 92,563 0 0
BANK NEW YORK MELLON CORP COM 064058100 53,408 1,130,815 SH   SOLE 301,515 0 829,300
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 17,974 563,274 SH   SOLE 464,514 0 98,760
BARCLAYS PLC ADR 06738E204 3,460 307,840 SH   SOLE 307,840 0 0
BED BATH & BEYOND INC COM 075896100 321,062 8,136,389 SH   SOLE 5,596,746 0 2,539,643
BIOGEN INC COM 09062X103 78,355 286,572 SH   SOLE 82,872 0 203,700
BOEING CO COM 097023105 276,744 1,564,763 SH   SOLE 769,590 0 795,173
BOULDER GROWTH & INCOME FD I COM 101507101 1,100 118,292 SH   SOLE 118,292 0 0
BUNGE LIMITED COM G16962105 111,143 1,402,253 SH   SOLE 930,371 0 471,882
C&J ENERGY SVCS INC NEW COM 12674R100 16,143 474,100 SH   SOLE 386,330 0 87,770
CALPINE CORP COM NEW 131347304 516,904 46,778,625 SH   SOLE 28,967,632 0 17,810,993
CAPITAL ONE FINL CORP COM 14040H105 467,754 5,397,573 SH   SOLE 2,961,956 0 2,435,617
CBS CORP NEW CL B 124857202 256,070 3,691,895 SH   SOLE 1,880,255 0 1,811,640
CDW CORP COM 12514G108 62,176 1,077,390 SH   SOLE 1,026,090 0 51,300
CIT GROUP INC COM NEW 125581801 171,961 4,005,621 SH   SOLE 2,930,921 0 1,074,700
CITIGROUP INC COM NEW 172967424 1,017,452 17,008,557 SH   SOLE 9,116,899 0 7,891,658
CITIZENS FINL GROUP INC COM 174610105 392,470 11,359,492 SH   SOLE 7,331,871 0 4,027,621
CNH INDL N V SHS N20944109 325,308 33,745,639 SH   SOLE 17,447,637 0 16,298,002
CNO FINL GROUP INC COM 12621E103 114,804 5,600,190 SH   SOLE 4,987,580 0 612,610
COBALT INTL ENERGY INC COM 19075F106 32,850 61,586,428 SH   SOLE 41,453,474 0 20,132,954
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 368 1,150,000 PRN   SOLE 1,150,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 1,318 5,270,000 PRN   SOLE 5,270,000 0 0
COMCAST CORP NEW CL A 20030N101 294,973 7,847,124 SH   SOLE 4,024,076 0 3,823,048
COMSTOCK RES INC COM 205768302 731 79,225 SH   SOLE 77,072 0 2,153
CONSTELLIUM NV CL A N22035104 88 13,526 SH   SOLE 13,526 0 0
CORNING INC COM 219350105 679,081 25,151,163 SH   SOLE 14,942,729 0 10,208,434
CREDIT SUISSE GROUP SPONSORED ADR 225401108 151 10,188 SH   SOLE 10,188 0 0
CUMMINS INC COM 231021106 568,783 3,761,795 SH   SOLE 2,200,001 0 1,561,794
DIODES INC COM 254543101 40,273 1,674,560 SH   SOLE 1,417,710 0 256,850
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 514,561 17,688,591 SH   SOLE 10,755,347 0 6,933,244
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 151,203 5,340,964 SH   SOLE 3,310,170 0 2,030,794
EATON CORP PLC SHS G29183103 104,091 1,403,794 SH   SOLE 387,316 0 1,016,478
EMBRAER S A SP ADR REP 4 COM 29082A107 163,893 7,422,694 SH   SOLE 5,139,323 0 2,283,371
ENERGY XXI GULF COAST INC COM 29276K101 59,683 1,991,430 SH   SOLE 1,773,279 0 218,151
ENPRO INDS INC COM 29355X107 100,844 1,417,140 SH   SOLE 1,175,140 0 242,000
ENSTAR GROUP LIMITED SHS G3075P101 104,893 548,318 SH   SOLE 461,058 0 87,260
ERICSSON ADR B SEK 10 294821608 662,511 99,775,791 SH   SOLE 60,288,398 0 39,487,393
EXTREME NETWORKS INC COM 30226D106 10,252 1,365,169 SH   SOLE 1,128,659 0 236,510
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,548 336,588 SH   SOLE 336,588 0 0
FIFTH STREET FINANCE CORP COM 31678A103 951 205,800 SH   SOLE 205,800 0 0
FIFTH THIRD BANCORP COM 316773100 8,762 344,950 SH   SOLE 329,550 0 15,400
FIRST BANCORP P R COM NEW 318672706 29,917 5,295,112 SH   SOLE 4,356,412 0 938,700
FIRST HAWAIIAN INC COM 32051X108 33,136 1,107,490 SH   SOLE 961,920 0 145,570
FIRST HORIZON NATL CORP COM 320517105 51,410 2,778,906 SH   SOLE 2,293,799 0 485,107
FRANKS INTL N V COM N33462107 31,390 2,969,690 SH   SOLE 2,685,170 0 284,520
GENERAL MLS INC COM 370334104 1,080 18,300 SH   SOLE 0 0 18,300
GENERAL MTRS CO COM 37045V100 321,119 9,081,426 SH   SOLE 5,035,855 0 4,045,571
GENERAL MTRS CO *W EXP 07/10/201 37045V126 606 33,866 SH   SOLE 33,866 0 0
GEO GROUP INC NEW COM 36162J106 81,610 1,759,978 SH   SOLE 1,568,524 0 191,454
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 317,238 7,524,627 SH   SOLE 3,927,833 0 3,596,794
GLOBAL INDTY LTD CAYMAN USD CL A SHS G3933F105 45,908 1,192,728 SH   SOLE 973,995 0 218,733
GOLDMAN SACHS GROUP INC COM 38141G104 234,796 1,022,095 SH   SOLE 594,650 0 427,445
GOODYEAR TIRE & RUBR CO COM 382550101 252,770 7,021,395 SH   SOLE 4,419,895 0 2,601,500
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 43,441 1,243,668 SH   SOLE 1,022,458 0 221,210
GREAT PLAINS ENERGY INC COM 391164100 43,523 1,489,477 SH   SOLE 1,212,487 0 276,990
GROUP 1 AUTOMOTIVE INC COM 398905109 12,065 162,870 SH   SOLE 134,140 0 28,730
HARLEY DAVIDSON INC COM 412822108 94,392 1,560,200 SH   SOLE 812,453 0 747,747
HEIDRICK & STRUGGLES INTL IN COM 422819102 4,288 162,739 SH   SOLE 162,739 0 0
HESS CORP COM 42809H107 370,841 7,692,202 SH   SOLE 4,129,608 0 3,562,594
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,202,593 50,742,312 SH   SOLE 29,474,411 0 21,267,901
HONDA MOTOR LTD AMERN SHS 438128308 86,127 2,846,231 SH   SOLE 1,327,665 0 1,518,566
HORACE MANN EDUCATORS CORP N COM 440327104 80,121 1,951,791 SH   SOLE 1,592,591 0 359,200
HUDSON GLOBAL INC COM 443787106 6,260 4,968,200 SH   SOLE 3,858,060 0 1,110,140
INTL PAPER CO COM 460146103 226,944 4,469,160 SH   SOLE 2,753,411 0 1,715,749
INVACARE CORP COM 461203101 15,923 1,338,095 SH   SOLE 1,111,613 0 226,482
INVESTORS BANCORP INC NEW COM 46146L101 11,442 795,695 SH   SOLE 620,415 0 175,280
JOHNSON CTLS INTL PLC SHS G51502105 399,667 9,488,775 SH   SOLE 4,854,800 0 4,633,975
JPMORGAN CHASE & CO COM 46625H100 384,989 4,382,844 SH   SOLE 2,431,634 0 1,951,210
KBR INC COM 48242W106 71,395 4,750,196 SH   SOLE 3,905,316 0 844,880
KELLOGG CO COM 487836108 61,979 853,586 SH   SOLE 245,087 0 608,499
KEY ENERGY SVCS INC DEL COM 49309J103 4,519 194,600 SH   SOLE 158,550 0 36,050
KEYCORP NEW COM 493267108 864 48,604 SH   SOLE 0 0 48,604
KOHLS CORP COM 500255104 38,947 978,322 SH   SOLE 933,222 0 45,100
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 491,746 15,314,410 SH   SOLE 8,050,608 0 7,263,802
KORN FERRY INTL COM NEW 500643200 21,095 669,887 SH   SOLE 526,657 0 143,230
KOSMOS ENERGY LTD SHS G5315B107 212,174 31,857,895 SH   SOLE 23,987,413 0 7,870,482
LIFEPOINT HEALTH INC COM 53219L109 30,687 468,507 SH   SOLE 410,617 0 57,890
LILLY ELI & CO COM 532457108 2,263 26,900 SH   SOLE 0 0 26,900
LONESTAR RES US INC CL A VTG 54240F103 1,308 258,593 SH   SOLE 258,593 0 0
LSC COMMUNICATIONS INC COM 50218P107 35,224 1,400,000 SH   SOLE 1,160,250 0 239,750
M/I HOMES INC COM 55305B101 24,445 997,744 SH   SOLE 818,274 0 179,470
MAGNA INTL INC COM 559222401 194,010 4,495,135 SH   SOLE 2,733,952 0 1,761,183
MALLINCKRODT PUB LTD CO SHS G5785G107 36,464 818,140 SH   SOLE 780,140 0 38,000
MANPOWERGROUP INC COM 56418H100 37,920 369,698 SH   SOLE 299,600 0 70,098
MARATHON OIL CORP COM 565849106 766,613 48,519,793 SH   SOLE 27,788,173 0 20,731,620
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 54,580 3,576,688 SH   SOLE 3,416,588 0 160,100
MASONITE INTL CORP NEW COM 575385109 67,159 847,438 SH   SOLE 702,148 0 145,290
MATSON INC COM 57686G105 44,621 1,404,954 SH   SOLE 1,145,674 0 259,280
MCDERMOTT INTL INC COM 580037109 50,981 7,552,798 SH   SOLE 6,842,228 0 710,570
MDC PARTNERS INC CL A SUB VTG 552697104 24,315 2,586,700 SH   SOLE 2,124,430 0 462,270
MEDTRONIC PLC SHS G5960L103 99,556 1,235,797 SH   SOLE 646,983 0 588,814
MERITOR INC COM 59001K100 43,432 2,535,410 SH   SOLE 2,158,520 0 376,890
MICROSOFT CORP COM 594918104 802,417 12,183,673 SH   SOLE 6,467,142 0 5,716,531
MILLER INDS INC TENN COM NEW 600551204 27,035 1,026,005 SH   SOLE 802,159 0 223,846
MORGAN STANLEY COM NEW 617446448 149,603 3,492,122 SH   SOLE 940,015 0 2,552,107
MURPHY OIL CORP COM 626717102 404,142 14,135,770 SH   SOLE 8,449,974 0 5,685,796
NATIONAL WESTN LIFE GROUP IN CL A 638517102 3,939 12,952 SH   SOLE 8,982 0 3,970
NAVISTAR INTL CORP NEW COM 63934E108 77,499 3,147,806 SH   SOLE 2,963,546 0 184,260
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 12,936 13,423,000 PRN   SOLE 13,035,000 0 388,000
NEWS CORP NEW CL A 65249B109 50,757 3,904,373 SH   SOLE 3,723,473 0 180,900
NRG ENERGY INC COM NEW 629377508 178,262 9,532,715 SH   SOLE 6,881,509 0 2,651,206
OCH ZIFF CAP MGMT GROUP CL A 67551U105 71 31,410 SH   SOLE 31,410 0 0
OFFICE DEPOT INC COM 676220106 217,058 46,528,941 SH   SOLE 42,259,511 0 4,269,430
OMNICOM GROUP INC COM 681919106 49,091 569,432 SH   SOLE 164,364 0 405,068
ON SEMICONDUCTOR CORP COM 682189105 10,663 688,370 SH   SOLE 485,050 0 203,320
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 20,446 1,195,687 SH   SOLE 991,657 0 204,030
ORACLE CORP COM 68389X105 787,189 17,646,027 SH   SOLE 9,646,088 0 7,999,939
PACCAR INC COM 693718108 98,283 1,462,543 SH   SOLE 744,690 0 717,853
PARKER HANNIFIN CORP COM 701094104 194,227 1,211,495 SH   SOLE 700,000 0 511,495
PBF ENERGY INC CL A 69318G106 22,671 1,022,600 SH   SOLE 833,110 0 189,490
PEBBLEBROOK HOTEL TR COM 70509V100 10,904 373,310 SH   SOLE 293,210 0 80,100
PERFORMANT FINL CORP COM 71377E105 123 41,939 SH   SOLE 41,939 0 0
PETROQUEST ENERGY INC COM NEW 716748306 1,110 405,193 SH   SOLE 394,174 0 11,019
PHH CORP COM NEW 693320202 34,520 2,711,710 SH   SOLE 2,486,110 0 225,600
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 3,847 136,900 SH   SOLE 136,900 0 0
POPULAR INC COM NEW 733174700 241,015 5,917,393 SH   SOLE 5,420,113 0 497,280
PORTLAND GEN ELEC CO COM NEW 736508847 51,126 1,150,970 SH   SOLE 997,630 0 153,340
PPL CORP COM 69351T106 80,534 2,153,896 SH   SOLE 1,122,201 0 1,031,695
REAL IND INC COM 75601W104 13,584 4,766,300 SH   SOLE 3,961,820 0 804,480
REGIONS FINL CORP NEW COM 7591EP100 90,113 6,201,867 SH   SOLE 5,914,467 0 287,400
RENT A CTR INC NEW COM 76009N100 7,194 811,070 SH   SOLE 773,770 0 37,300
RMR GROUP INC CL A 74967R106 411 8,300 SH   SOLE 8,300 0 0
ROCKWELL COLLINS INC COM 774341101 160,474 1,651,648 SH   SOLE 432,680 0 1,218,968
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 28,153 1,110,557 SH   SOLE 915,375 0 195,182
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 305,259 5,789,094 SH   SOLE 2,988,816 0 2,800,278
RUBY TUESDAY INC COM 781182100 7,606 2,706,846 SH   SOLE 2,254,116 0 452,730
RUSH ENTERPRISES INC CL A 781846209 56,600 1,711,006 SH   SOLE 1,394,986 0 316,020
SANOFI SPONSORED ADR 80105N105 468,987 10,364,345 SH   SOLE 5,327,180 0 5,037,165
SANTANDER CONSUMER USA HDG I COM 80283M101 50,638 3,801,644 SH   SOLE 3,629,444 0 172,200
SERITAGE GROWTH PPTYS CL A 81752R100 83,566 1,936,642 SH   SOLE 1,648,732 0 287,910
SLM CORP COM 78442P106 24,550 2,028,900 SH   SOLE 1,656,240 0 372,660
SONIC AUTOMOTIVE INC CL A 83545G102 52,784 2,632,623 SH   SOLE 2,120,303 0 512,320
SOUTHERN CO COM 842587107 43,053 864,863 SH   SOLE 246,842 0 618,021
STANLEY BLACK & DECKER INC COM 854502101 1,129 8,500 SH   SOLE 0 0 8,500
STAPLES INC COM 855030102 15,028 1,713,528 SH   SOLE 1,641,128 0 72,400
STATE STR CORP COM 857477103 418,948 5,262,504 SH   SOLE 3,051,786 0 2,210,718
SUNTRUST BKS INC COM 867914103 12,905 233,367 SH   SOLE 221,567 0 11,800
SUPERIOR ENERGY SVCS INC COM 868157108 18,987 1,331,500 SH   SOLE 1,268,300 0 63,200
TARGET CORP COM 87612E106 103,636 1,877,798 SH   SOLE 1,029,117 0 848,681
TE CONNECTIVITY LTD REG SHS H84989104 180,715 2,424,084 SH   SOLE 1,126,024 0 1,298,060
TEEKAY TANKERS LTD CL A Y8565N102 36 17,541 SH   SOLE 17,541 0 0
TERADATA CORP DEL COM 88076W103 85,701 2,753,883 SH   SOLE 1,382,645 0 1,371,238
TRAVELERS COMPANIES INC COM 89417E109 294,950 2,446,907 SH   SOLE 1,254,357 0 1,192,550
TRI POINTE GROUP INC COM 87265H109 163,864 13,067,282 SH   SOLE 11,761,902 0 1,305,380
TUTOR PERINI CORP COM 901109108 43,967 1,382,618 SH   SOLE 1,128,258 0 254,360
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 448,683 16,976,277 SH   SOLE 9,412,658 0 7,563,619
WAL-MART STORES INC COM 931142103 199,405 2,766,434 SH   SOLE 1,504,422 0 1,262,012
WEATHERFORD INTL PLC ORD SHS G48833100 45,594 6,856,200 SH   SOLE 6,535,600 0 320,600
WELLS FARGO & CO NEW COM 949746101 540,657 9,713,557 SH   SOLE 5,366,448 0 4,347,109
WHITING PETE CORP NEW COM 966387102 171,012 18,077,394 SH   SOLE 16,830,154 0 1,247,240
WILLIS TOWERS WATSON PUB LTD SHS G96629103 110,297 842,668 SH   SOLE 804,329 0 38,339
ZAGG INC COM 98884U108 86 12,001 SH   SOLE 12,001 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 189,965 1,555,689 SH   SOLE 944,499 0 611,190