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 140,063 2,142,285 SH   SOLE 1,306,607 0 835,678
ALLISON TRANSMISSION HLDGS I COM 01973R101 18,269 487,035 SH   SOLE 460,935 0 26,100
ALLY FINL INC COM 02005N100 110,266 5,275,900 SH   SOLE 2,992,600 0 2,283,300
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,475 117,400 SH   SOLE 117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 986,089 15,772,379 SH   SOLE 8,852,526 0 6,919,853
AMERICAN VANGUARD CORP COM 030371108 19,552 1,133,459 SH   SOLE 904,299 0 229,160
ANTHEM INC COM 036752103 447,906 2,380,835 SH   SOLE 1,324,278 0 1,056,557
APACHE CORP COM 037411105 355,991 7,427,314 SH   SOLE 3,724,814 0 3,702,500
ARMSTRONG FLOORING INC COM 04238R106 12,948 720,540 SH   SOLE 601,440 0 119,100
ARRIS INTL INC SHS G0551A103 324,183 11,569,715 SH   SOLE 10,410,015 0 1,159,700
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 4,233 84,919 SH   SOLE 70,219 0 14,700
ASSOCIATED BANC CORP COM 045487105 29,699 1,178,526 SH   SOLE 968,596 0 209,930
AVIS BUDGET GROUP COM 053774105 27,104 993,900 SH   SOLE 944,900 0 49,000
AVNET INC COM 053807103 61,391 1,578,984 SH   SOLE 1,498,984 0 80,000
BANCORP INC DEL COM 05969A105 96 12,671 SH   SOLE 12,671 0 0
BANK AMER CORP COM 060505104 688,112 28,364,057 SH   SOLE 16,044,870 0 12,319,187
BANK AMER CORP *W EXP 01/16/201 060505146 1,114 92,563 SH   SOLE 92,563 0 0
BANK NEW YORK MELLON CORP COM 064058100 57,118 1,119,515 SH   SOLE 289,415 0 830,100
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 19,097 560,024 SH   SOLE 460,314 0 99,710
BARCLAYS PLC ADR 06738E204 3,637 343,402 SH   SOLE 343,402 0 0
BED BATH & BEYOND INC COM 075896100 257,055 8,455,769 SH   SOLE 6,136,026 0 2,319,743
BIOGEN INC COM 09062X103 77,764 286,572 SH   SOLE 82,872 0 203,700
BOEING CO COM 097023105 220,563 1,115,363 SH   SOLE 560,590 0 554,773
BOULDER GROWTH & INCOME FD I COM 101507101 1,149 118,292 SH   SOLE 118,292 0 0
BUNGE LIMITED COM G16962105 49,981 669,987 SH   SOLE 635,887 0 34,100
C&J ENERGY SVCS INC NEW COM 12674R100 86,782 2,532,290 SH   SOLE 2,292,300 0 239,990
CALPINE CORP COM NEW 131347304 639,658 47,277,028 SH   SOLE 29,765,135 0 17,511,893
CAPITAL ONE FINL CORP COM 14040H105 494,006 5,979,257 SH   SOLE 3,416,740 0 2,562,517
CBS CORP NEW CL B 124857202 242,899 3,808,395 SH   SOLE 2,039,055 0 1,769,340
CDW CORP COM 12514G108 42,932 686,590 SH   SOLE 651,090 0 35,500
CELADON GROUP INC COM 150838100 59 18,593 SH   SOLE 18,593 0 0
CIT GROUP INC COM NEW 125581801 164,031 3,368,197 SH   SOLE 2,318,139 0 1,050,058
CITIGROUP INC COM NEW 172967424 977,729 14,619,153 SH   SOLE 8,010,112 0 6,609,041
CITIZENS FINL GROUP INC COM 174610105 359,167 10,066,344 SH   SOLE 6,478,423 0 3,587,921
CNH INDL N V SHS N20944109 361,298 31,748,539 SH   SOLE 17,083,237 0 14,665,302
CNO FINL GROUP INC COM 12621E103 111,528 5,341,400 SH   SOLE 4,723,280 0 618,120
COBALT INTL ENERGY INC COM NEW 19075F304 9,951 4,028,913 SH   SOLE 2,686,662 0 1,342,251
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 299 1,150,000 PRN   SOLE 1,150,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 1,054 5,270,000 PRN   SOLE 5,270,000 0 0
COMCAST CORP NEW CL A 20030N101 272,301 6,996,424 SH   SOLE 3,747,076 0 3,249,348
COMSTOCK RES INC COM 205768302 560 79,225 SH   SOLE 77,072 0 2,153
CONSTELLIUM NV CL A N22035104 78 11,347 SH   SOLE 11,347 0 0
CORNING INC COM 219350105 637,464 21,213,454 SH   SOLE 12,544,020 0 8,669,434
CUMMINS INC COM 231021106 578,459 3,565,895 SH   SOLE 2,172,201 0 1,393,694
DHI GROUP INC COM 23331S100 38 13,304 SH   SOLE 13,304 0 0
DIODES INC COM 254543101 36,429 1,515,960 SH   SOLE 1,259,110 0 256,850
DISCOVER FINL SVCS COM 254709108 199,350 3,205,500 SH   SOLE 1,720,000 0 1,485,500
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 480,599 18,606,223 SH   SOLE 11,589,679 0 7,016,544
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 148,192 5,878,321 SH   SOLE 3,687,627 0 2,190,694
EATON CORP PLC SHS G29183103 106,868 1,373,094 SH   SOLE 357,216 0 1,015,878
EMBRAER S A SP ADR REP 4 COM 29082A107 148,947 8,170,429 SH   SOLE 5,885,868 0 2,284,561
ENERGY XXI GULF COAST INC COM 29276K101 37,443 2,016,297 SH   SOLE 1,796,236 0 220,061
ENPRO INDS INC COM 29355X107 96,381 1,350,440 SH   SOLE 1,119,310 0 231,130
ENSTAR GROUP LIMITED SHS G3075P101 107,203 539,658 SH   SOLE 451,558 0 88,100
ERICSSON ADR B SEK 10 294821608 657,239 91,665,128 SH   SOLE 56,594,135 0 35,070,993
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,233 254,216 SH   SOLE 254,216 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 496 60,905 SH   SOLE 60,905 0 0
FIFTH STREET FINANCE CORP COM 31678A103 1,586 326,423 SH   SOLE 326,423 0 0
FIFTH THIRD BANCORP COM 316773100 8,983 346,050 SH   SOLE 328,950 0 17,100
FIRST BANCORP P R COM NEW 318672706 30,503 5,268,266 SH   SOLE 4,320,796 0 947,470
FIRST HAWAIIAN INC COM 32051X108 38,227 1,248,430 SH   SOLE 1,012,530 0 235,900
FIRST HORIZON NATL CORP COM 320517105 48,186 2,766,126 SH   SOLE 2,276,499 0 489,627
FRANKS INTL N V COM N33462107 24,531 2,959,113 SH   SOLE 2,671,203 0 287,910
GENERAL MLS INC COM 370334104 1,014 18,300 SH   SOLE 0 0 18,300
GENERAL MTRS CO COM 37045V100 322,741 9,239,643 SH   SOLE 5,345,572 0 3,894,071
GENERAL MTRS CO *W EXP 07/10/201 37045V126 587 33,866 SH   SOLE 33,866 0 0
GEO GROUP INC NEW COM 36162J106 64,107 2,167,971 SH   SOLE 1,938,626 0 229,345
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 338,377 7,847,327 SH   SOLE 4,254,633 0 3,592,694
GLOBAL INDTY LTD CAYMAN USD CL A SHS G3933F105 46,066 1,188,174 SH   SOLE 967,241 0 220,933
GOLDMAN SACHS GROUP INC COM 38141G104 243,712 1,098,295 SH   SOLE 679,150 0 419,145
GOODYEAR TIRE & RUBR CO COM 382550101 236,221 6,756,895 SH   SOLE 4,147,095 0 2,609,800
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 54,037 1,356,359 SH   SOLE 1,302 0 470,720
GREAT PLAINS ENERGY INC COM 391164100 43,396 1,482,107 SH   SOLE 1,202,587 0 279,520
GROUP 1 AUTOMOTIVE INC COM 398905109 10,473 165,400 SH   SOLE 135,260 0 30,140
HARLEY DAVIDSON INC COM 412822108 81,975 1,517,500 SH   SOLE 836,653 0 680,847
HEIDRICK & STRUGGLES INTL IN COM 422819102 3,540 162,739 SH   SOLE 162,739 0 0
HESS CORP COM 42809H107 354,619 8,083,402 SH   SOLE 4,616,008 0 3,467,394
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,117,081 67,334,620 SH   SOLE 40,226,919 0 27,107,701
HONDA MOTOR LTD AMERN SHS 438128308 75,764 2,766,131 SH   SOLE 1,383,365 0 1,382,766
HORACE MANN EDUCATORS CORP N COM 440327104 72,510 1,918,251 SH   SOLE 1,555,691 0 362,560
HUDSON GLOBAL INC COM 443787106 7,030 5,246,200 SH   SOLE 4,077,160 0 1,169,040
INTL PAPER CO COM 460146103 235,586 4,161,560 SH   SOLE 2,743,711 0 1,417,849
INVACARE CORP COM 461203101 17,563 1,330,505 SH   SOLE 1,101,913 0 228,592
INVESTORS BANCORP INC NEW COM 46146L101 10,579 791,875 SH   SOLE 614,815 0 177,060
JOHNSON CTLS INTL PLC SHS G51502105 393,384 9,072,515 SH   SOLE 4,880,876 0 4,191,639
JPMORGAN CHASE & CO COM 46625H100 380,676 4,164,944 SH   SOLE 2,445,334 0 1,719,610
KBR INC COM 48242W106 70,798 4,651,637 SH   SOLE 3,798,887 0 852,750
KELLOGG CO COM 487836108 59,214 852,486 SH   SOLE 239,287 0 613,199
KEY ENERGY SVCS INC DEL COM 49309J103 4,719 245,250 SH   SOLE 199,140 0 46,110
KEYCORP NEW COM 493267108 911 48,604 SH   SOLE 0 0 48,604
KOHLS CORP COM 500255104 54,945 1,420,871 SH   SOLE 1,351,471 0 69,400
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 449,352 12,544,730 SH   SOLE 6,861,853 0 5,682,877
KORN FERRY INTL COM NEW 500643200 23,036 667,127 SH   SOLE 522,557 0 144,570
KOSMOS ENERGY LTD SHS G5315B107 210,687 32,868,521 SH   SOLE 24,219,699 0 8,648,822
LIFEPOINT HEALTH INC COM 53219L109 27,915 415,707 SH   SOLE 358,517 0 57,190
LILLY ELI & CO COM 532457108 2,214 26,900 SH   SOLE 0 0 26,900
LONESTAR RES US INC CL A VTG 54240F103 1,112 258,593 SH   SOLE 258,593 0 0
LSC COMMUNICATIONS INC COM 50218P107 29,856 1,395,127 SH   SOLE 1,153,227 0 241,900
M/I HOMES INC COM 55305B101 10,615 371,814 SH   SOLE 302,294 0 69,520
MAGNA INTL INC COM 559222401 220,817 4,766,179 SH   SOLE 3,073,696 0 1,692,483
MALLINCKRODT PUB LTD CO SHS G5785G107 35,850 800,040 SH   SOLE 758,940 0 41,100
MANPOWERGROUP INC COM 56418H100 36,733 328,998 SH   SOLE 294,300 0 34,698
MARATHON OIL CORP COM 565849106 443,482 37,424,658 SH   SOLE 21,867,238 0 15,557,420
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 50,315 3,045,688 SH   SOLE 2,900,288 0 145,400
MASONITE INTL CORP NEW COM 575385109 69,671 922,796 SH   SOLE 756,336 0 166,460
MATSON INC COM 57686G105 46,361 1,543,302 SH   SOLE 1,249,182 0 294,120
MCDERMOTT INTL INC COM 580037109 57,222 7,980,706 SH   SOLE 7,229,406 0 751,300
MDC PARTNERS INC CL A SUB VTG 552697104 24,365 2,461,140 SH   SOLE 2,024,540 0 436,600
MEDTRONIC PLC SHS G5960L103 197,699 2,227,597 SH   SOLE 1,202,283 0 1,025,314
MERITOR INC COM 59001K100 41,910 2,523,200 SH   SOLE 2,143,020 0 380,180
MICROSOFT CORP COM 594918104 668,424 9,697,145 SH   SOLE 5,402,714 0 4,294,431
MILLER INDS INC TENN COM NEW 600551204 24,903 1,002,135 SH   SOLE 782,459 0 219,676
MORGAN STANLEY COM NEW 617446448 111,958 2,512,522 SH   SOLE 640,015 0 1,872,507
MURPHY OIL CORP COM 626717102 373,718 14,581,270 SH   SOLE 9,423,574 0 5,157,696
NATIONAL WESTN LIFE GROUP IN CL A 638517102 4,175 13,062 SH   SOLE 8,982 0 4,080
NAVISTAR INTL CORP NEW COM 63934E108 84,483 3,220,836 SH   SOLE 3,021,946 0 198,890
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 13,129 13,423,000 PRN   SOLE 13,035,000 0 388,000
NEW YORK REIT INC COM 64976L109 9,746 1,128,000 SH   SOLE 898,160 0 229,840
NEWS CORP NEW CL A 65249B109 47,962 3,500,873 SH   SOLE 3,328,473 0 172,400
NRG ENERGY INC COM NEW 629377508 71,347 4,143,240 SH   SOLE 3,932,840 0 210,400
OCH ZIFF CAP MGMT GROUP CL A 67551U105 80 31,410 SH   SOLE 31,410 0 0
OFFICE DEPOT INC COM 676220106 146,260 25,932,613 SH   SOLE 23,431,633 0 2,500,980
OMNICOM GROUP INC COM 681919106 46,982 566,732 SH   SOLE 158,364 0 408,368
ON SEMICONDUCTOR CORP COM 682189105 2,672 190,340 SH   SOLE 60,240 0 130,100
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 19,485 1,188,087 SH   SOLE 982,157 0 205,930
ORACLE CORP COM 68389X105 839,549 16,744,091 SH   SOLE 9,570,852 0 7,173,239
PACCAR INC COM 693718108 93,443 1,414,943 SH   SOLE 766,490 0 648,453
PARKER HANNIFIN CORP COM 701094104 164,422 1,028,795 SH   SOLE 589,400 0 439,395
PBF ENERGY INC CL A 69318G106 22,651 1,017,580 SH   SOLE 826,310 0 191,270
PEBBLEBROOK HOTEL TR COM 70509V100 10,897 338,010 SH   SOLE 257,210 0 80,800
PERFORMANT FINL CORP COM 71377E105 76 36,288 SH   SOLE 36,288 0 0
PETROQUEST ENERGY INC COM NEW 716748306 802 405,193 SH   SOLE 394,174 0 11,019
PHH CORP COM NEW 693320202 36,041 2,617,370 SH   SOLE 2,385,210 0 232,160
POPULAR INC COM NEW 733174700 261,148 6,261,030 SH   SOLE 5,719,920 0 541,110
PORTLAND GEN ELEC CO COM NEW 736508847 52,399 1,146,840 SH   SOLE 992,030 0 154,810
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 222 52,500 SH Put SOLE 52,500 0 0
PPL CORP COM 69351T106 76,601 1,981,396 SH   SOLE 1,084,701 0 896,695
REAL IND INC COM 75601W104 13,764 4,746,118 SH   SOLE 3,935,528 0 810,590
REGIONS FINL CORP NEW COM 7591EP100 72,434 4,947,667 SH   SOLE 4,695,567 0 252,100
RENT A CTR INC NEW COM 76009N100 7,891 673,270 SH   SOLE 640,070 0 33,200
ROCKWELL COLLINS INC COM 774341101 134,213 1,277,248 SH   SOLE 324,180 0 953,068
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 31,341 1,210,557 SH   SOLE 1,015,375 0 195,182
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 291,422 5,478,892 SH   SOLE 2,997,820 0 2,481,072
RUBY TUESDAY INC COM 781182100 5,409 2,690,966 SH   SOLE 2,233,916 0 457,050
RUSH ENTERPRISES INC CL A 781846209 58,869 1,583,346 SH   SOLE 1,277,666 0 305,680
SANCHEZ ENERGY CORP COM 79970Y105 32,388 4,510,877 SH   SOLE 4,290,977 0 219,900
SANOFI SPONSORED ADR 80105N105 279,092 5,825,348 SH   SOLE 3,126,083 0 2,699,265
SANTANDER CONSUMER USA HDG I COM 80283M101 48,214 3,778,561 SH   SOLE 3,598,461 0 180,100
SERITAGE GROWTH PPTYS CL A 81752R100 103,889 2,476,490 SH   SOLE 2,126,180 0 350,310
SLM CORP COM 78442P106 21,154 1,839,470 SH   SOLE 1,463,340 0 376,130
SONIC AUTOMOTIVE INC CL A 83545G102 50,970 2,620,574 SH   SOLE 2,103,484 0 517,090
SOUTHERN CO COM 842587107 41,137 859,163 SH   SOLE 237,342 0 621,821
STANLEY BLACK & DECKER INC COM 854502101 1,027 7,300 SH   SOLE 0 0 7,300
STATE STR CORP COM 857477103 363,165 4,047,304 SH   SOLE 2,481,486 0 1,565,818
SUNTRUST BKS INC COM 867914103 12,936 228,067 SH   SOLE 216,267 0 11,800
SUPERIOR ENERGY SVCS INC COM 868157108 44,699 4,285,600 SH   SOLE 4,072,200 0 213,400
SYNCHRONY FINL COM 87165B103 34,192 1,146,600 SH   SOLE 1,086,700 0 59,900
TARGET CORP COM 87612E106 93,019 1,778,898 SH   SOLE 1,020,017 0 758,881
TCF FINL CORP COM 872275102 8,521 534,590 SH   SOLE 422,620 0 111,970
TE CONNECTIVITY LTD REG SHS H84989104 83,407 1,060,084 SH   SOLE 522,824 0 537,260
TEEKAY TANKERS LTD CL A Y8565N102 44 23,432 SH   SOLE 23,432 0 0
TERADATA CORP DEL COM 88076W103 79,136 2,683,483 SH   SOLE 1,310,045 0 1,373,438
TESORO CORP COM 881609101 195,474 2,088,400 SH   SOLE 1,118,300 0 970,100
TRAVELERS COMPANIES INC COM 89417E109 292,766 2,313,807 SH   SOLE 1,236,157 0 1,077,650
TRI POINTE GROUP INC COM 87265H109 169,464 12,847,922 SH   SOLE 11,509,302 0 1,338,620
TUTOR PERINI CORP COM 901109108 39,553 1,375,748 SH   SOLE 1,118,978 0 256,770
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 466,434 16,235,098 SH   SOLE 9,503,960 0 6,731,138
WAL-MART STORES INC COM 931142103 193,251 2,553,534 SH   SOLE 1,438,022 0 1,115,512
WEATHERFORD INTL PLC ORD SHS G48833100 42,331 10,938,200 SH   SOLE 10,382,400 0 555,800
WELLS FARGO CO NEW COM 949746101 689,384 12,441,510 SH   SOLE 7,071,980 0 5,369,530
WHITING PETE CORP NEW COM 966387102 107,542 19,517,667 SH   SOLE 18,137,087 0 1,380,580
WILLIS TOWERS WATSON PUB LTD SHS G96629103 88,893 611,118 SH   SOLE 582,079 0 29,039
ZIMMER BIOMET HLDGS INC COM 98956P102 182,272 1,419,564 SH   SOLE 893,474 0 526,090