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
AETNA INC NEW COM 00817Y108 70,768 664,300 SH   SOLE   257,400 0 406,900
ALLEGHANY CORP DEL COM 017175100 55,393 113,743 SH   SOLE   110,143 0 3,600
ALLISON TRANSMISSION HLDGS I COM 01973R101 25,307 792,335 SH   SOLE   768,135 0 24,200
ALLSTATE CORP COM 020002101 96,293 1,353,000 SH   SOLE   533,400 0 819,600
AMBASSADORS GROUP INC COM 023177108 158 62,600 SH   SOLE   62,600 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 482 18,657 SH   SOLE   18,657 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,564 117,400 SH   SOLE   117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,106,396 20,193,400 SH   SOLE   11,962,200 0 8,231,200
ANTHEM INC COM 036752103 353,191 2,287,357 SH   SOLE   1,287,257 0 1,000,100
ARRIS GROUP INC NEW COM 04270V106 237,055 8,204,018 SH   SOLE   7,618,018 0 586,000
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 4,158 4,000,000 PRN   SOLE   4,000,000 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 61,096 1,293,586 SH   SOLE   1,142,286 0 151,300
ASSOCIATED BANC CORP COM 045487105 22,653 1,217,910 SH   SOLE   983,810 0 234,100
AVNET INC COM 053807103 147,872 3,322,964 SH   SOLE   3,218,464 0 104,500
BANK AMER CORP COM 060505104 777,410 50,513,958 SH   SOLE   29,487,570 0 21,026,388
BANK AMER CORP *W EXP 01/16/201 060505146 1,038 176,863 SH   SOLE   176,863 0 0
BANK NEW YORK MELLON CORP COM 064058100 135,658 3,371,212 SH   SOLE   2,027,612 0 1,343,600
BB&T CORP COM 054937107 456 11,700 SH   SOLE   11,700 0 0
BED BATH & BEYOND INC COM 075896100 384,891 5,013,237 SH   SOLE   3,273,437 0 1,739,800
BEST BUY INC COM 086516101 36,464 964,906 SH   SOLE   935,106 0 29,800
BLOCK H & R INC COM 093671105 33,121 1,032,773 SH   SOLE   1,000,373 0 32,400
BOEING CO COM 097023105 269,989 1,798,966 SH   SOLE   1,010,466 0 788,500
BOULDER GROWTH & INCOME FD I COM 101507101 1,014 118,292 SH   SOLE   118,292 0 0
BRINKS CO COM 109696104 45,458 1,645,237 SH   SOLE   1,351,837 0 293,400
BUNGE LIMITED COM G16962105 162,001 1,966,987 SH   SOLE   1,457,487 0 509,500
CA INC COM 12673P105 55,891 1,713,926 SH   SOLE   1,659,626 0 54,300
CALPINE CORP COM NEW 131347304 435,610 19,047,208 SH   SOLE   11,976,608 0 7,070,600
CAPITAL ONE FINL CORP COM 14040H105 417,073 5,291,463 SH   SOLE   2,946,263 0 2,345,200
CARNIVAL CORP PAIRED CTF 143658300 67,384 1,408,528 SH   SOLE   580,828 0 827,700
CDW CORP COM 12514G108 101,345 2,721,390 SH   SOLE   2,635,790 0 85,600
CHUBB CORP COM 171232101 263,303 2,604,383 SH   SOLE   1,532,483 0 1,071,900
CIRCOR INTL INC COM 17273K109 12,827 234,500 SH   SOLE   193,700 0 40,800
CIT GROUP INC COM NEW 125581801 71,541 1,585,571 SH   SOLE   1,536,471 0 49,100
CITIGROUP INC COM NEW 172967424 934,899 18,146,332 SH   SOLE   10,483,181 0 7,663,151
CITIZENS FINL GROUP INC COM 174610105 521,412 21,608,471 SH   SOLE   14,604,771 0 7,003,700
CLOUD PEAK ENERGY INC COM 18911Q102 59 10,221 SH   SOLE   10,221 0 0
CNH INDL N V SHS N20944109 267,254 32,751,706 SH   SOLE   18,067,906 0 14,683,800
COBALT INTL ENERGY INC COM 19075F106 457,252 48,592,138 SH   SOLE   29,708,638 0 18,883,500
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 9,939 13,650,000 PRN   SOLE   13,650,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 14,711 19,830,000 PRN   SOLE   19,830,000 0 0
COMCAST CORP NEW CL A SPL 20030N200 163,889 2,923,200 SH   SOLE   1,605,500 0 1,317,700
COMSTOCK RES INC COM NEW 205768203 31,123 8,718,016 SH   SOLE   8,453,416 0 264,600
COMVERSE INC COM 20585P105 24,182 1,227,516 SH   SOLE   1,032,886 0 194,630
CON-WAY INC COM 205944101 268,540 6,085,210 SH   SOLE   5,572,910 0 512,300
CORNING INC COM 219350105 549,875 24,244,934 SH   SOLE   13,618,634 0 10,626,300
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 910 22,592 SH   SOLE   22,592 0 0
CUMMINS INC COM 231021106 431,139 3,109,777 SH   SOLE   1,829,977 0 1,279,800
DIODES INC COM 254543101 35,689 1,249,600 SH   SOLE   1,023,600 0 226,000
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 119,613 3,888,600 SH   SOLE   1,509,500 0 2,379,100
DRESSER-RAND GROUP INC COM 261608103 165,007 2,053,600 SH   SOLE   2,010,500 0 43,100
EMBRAER S A SP ADR REP 4 COM 29082A107 116,100 3,775,599 SH   SOLE   2,416,599 0 1,359,000
EMPLOYERS HOLDINGS INC COM 292218104 9,031 334,614 SH   SOLE   286,214 0 48,400
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 10,969 179,400 SH   SOLE   145,600 0 33,800
ENPRO INDS INC COM 29355X107 47,735 723,800 SH   SOLE   593,100 0 130,700
ERICSSON ADR B SEK 10 294821608 317,607 25,307,341 SH   SOLE   14,399,841 0 10,907,500
EXPRESS SCRIPTS HLDG CO COM 30219G108 173,835 2,003,400 SH   SOLE   843,700 0 1,159,700
EXTREME NETWORKS INC COM 30226D106 20,770 6,572,700 SH   SOLE   5,409,100 0 1,163,600
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,467 130,210 SH   SOLE   130,210 0 0
FIFTH THIRD BANCORP COM 316773100 35,553 1,886,100 SH   SOLE   1,827,400 0 58,700
FIRST BANCORP P R COM NEW 318672706 12,818 2,067,393 SH   SOLE   1,688,293 0 379,100
FIRST HORIZON NATL CORP COM 320517105 69,498 4,863,405 SH   SOLE   4,001,363 0 862,042
FIRST NIAGARA FINL GP INC COM 33582V108 39,006 4,412,453 SH   SOLE   3,607,653 0 804,800
FORD MTR CO DEL COM PAR $0.01 345370860 2,604 161,363 SH   SOLE   74,363 0 87,000
FRESH DEL MONTE PRODUCE INC ORD G36738105 43,268 1,112,014 SH   SOLE   1,078,414 0 33,600
GENERAL MLS INC COM 370334104 1,036 18,300 SH   SOLE   0 0 18,300
GENERAL MTRS CO COM 37045V100 504,510 13,453,609 SH   SOLE   7,606,809 0 5,846,800
GENERAL MTRS CO *W EXP 07/10/201 37045V118 2,813 101,374 SH   SOLE   101,374 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 4,037 205,436 SH   SOLE   205,436 0 0
GEO GROUP INC NEW COM 36162J106 75,472 1,725,469 SH   SOLE   1,531,985 0 193,484
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 567,782 12,302,975 SH   SOLE   7,107,675 0 5,195,300
GLOBAL INDEMNITY PLC SHS G39319101 32,235 1,161,626 SH   SOLE   931,600 0 230,026
GOLDMAN SACHS GROUP INC COM 38141G104 209,589 1,115,013 SH   SOLE   615,313 0 499,700
GOODYEAR TIRE & RUBR CO COM 382550101 155,095 5,727,306 SH   SOLE   5,551,106 0 176,200
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 27,598 789,200 SH   SOLE   655,400 0 133,800
GREAT PLAINS ENERGY INC COM 391164100 200,678 7,521,646 SH   SOLE   6,847,946 0 673,700
HANGER INC COM NEW 41043F208 84,749 3,735,078 SH   SOLE   3,177,095 0 557,983
HARSCO CORP COM 415864107 12,743 738,300 SH   SOLE   605,900 0 132,400
HEIDRICK & STRUGGLES INTL IN COM 422819102 9,559 388,881 SH   SOLE   308,981 0 79,900
HELEN OF TROY CORP LTD COM G4388N106 16,176 198,500 SH   SOLE   162,900 0 35,600
HERBALIFE LTD COM USD SHS G4412G101 35,431 828,600 SH   SOLE   803,400 0 25,200
HEWLETT PACKARD CO COM 428236103 350,876 11,260,468 SH   SOLE   6,450,068 0 4,810,400
HIGHER ONE HLDGS INC COM 42983D104 58 24,096 SH   SOLE   24,096 0 0
HONDA MOTOR LTD AMERN SHS 438128308 328,106 10,015,450 SH   SOLE   5,409,150 0 4,606,300
HORACE MANN EDUCATORS CORP N COM 440327104 99,975 2,923,233 SH   SOLE   2,386,933 0 536,300
HORSEHEAD HLDG CORP COM 440694305 67,147 5,303,900 SH   SOLE   4,439,000 0 864,900
HUDSON GLOBAL INC COM 443787106 13,253 4,854,555 SH   SOLE   3,610,400 0 1,244,155
HUMANA INC COM 444859102 300,116 1,685,855 SH   SOLE   987,655 0 698,200
INGRAM MICRO INC CL A 457153104 32,754 1,303,905 SH   SOLE   1,263,105 0 40,800
INTERNATIONAL BUSINESS MACHS COM 459200101 268,460 1,672,649 SH   SOLE   973,949 0 698,700
INTERPUBLIC GROUP COS INC COM 460690100 266,503 12,048,060 SH   SOLE   7,603,764 0 4,444,296
INVACARE CORP COM 461203101 42,462 2,187,632 SH   SOLE   1,792,300 0 395,332
INVESTORS BANCORP INC NEW COM 46146L101 9,556 815,400 SH   SOLE   615,300 0 200,100
ISHARES TR RUS 2000 VAL ETF 464287630 16,214 157,100 SH   SOLE   157,100 0 0
JOHNSON CTLS INC COM 478366107 485,530 9,625,890 SH   SOLE   5,334,490 0 4,291,400
JPMORGAN CHASE & CO COM 46625H100 901,401 14,879,520 SH   SOLE   8,665,349 0 6,214,171
KAISER ALUMINUM CORP COM PAR $0.01 483007704 60,892 791,931 SH   SOLE   657,831 0 134,100
KBR INC COM 48242W106 48,799 3,370,104 SH   SOLE   2,898,104 0 472,000
KELLOGG CO COM 487836108 158,560 2,404,241 SH   SOLE   1,336,341 0 1,067,900
KOHLS CORP COM 500255104 90,849 1,161,012 SH   SOLE   1,125,312 0 35,700
KORN FERRY INTL COM NEW 500643200 3,214 97,777 SH   SOLE   97,777 0 0
KOSMOS ENERGY LTD SHS G5315B107 175,113 22,138,182 SH   SOLE   16,142,482 0 5,995,700
LAKES ENTMNT INC COM NEW 51206P208 2,763 322,431 SH   SOLE   262,381 0 60,050
LEAR CORP COM NEW 521865204 69,481 626,972 SH   SOLE   607,372 0 19,600
LIFEPOINT HOSPITALS INC COM 53219L109 76,805 1,045,671 SH   SOLE   918,371 0 127,300
LIFEVANTAGE CORP COM 53222K106 60 76,494 SH   SOLE   76,494 0 0
LILLY ELI & CO COM 532457108 288,278 3,968,039 SH   SOLE   2,243,439 0 1,724,600
LOUISIANA PAC CORP COM 546347105 37,748 2,286,400 SH   SOLE   1,882,100 0 404,300
LOWES COS INC COM 548661107 66,802 898,000 SH   SOLE   344,600 0 553,400
LYON WILLIAM HOMES CL A NEW 552074700 42,880 1,660,718 SH   SOLE   1,359,118 0 301,600
M/I HOMES INC COM 55305B101 36,026 1,511,147 SH   SOLE   1,239,347 0 271,800
MANPOWERGROUP INC COM 56418H100 43,033 499,516 SH   SOLE   377,816 0 121,700
MARATHON OIL CORP COM 565849106 501,914 19,223,042 SH   SOLE   11,255,142 0 7,967,900
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 55,668 3,786,917 SH   SOLE   3,667,917 0 119,000
MASONITE INTL CORP NEW COM 575385109 137,140 2,038,950 SH   SOLE   1,760,750 0 278,200
MATSON INC COM 57686G105 70,283 1,667,059 SH   SOLE   1,387,259 0 279,800
MCDERMOTT INTL INC COM 580037109 32,089 8,356,624 SH   SOLE   7,627,124 0 729,500
MCDONALDS CORP COM 580135101 45,991 471,996 SH   SOLE   366,196 0 105,800
MEDTRONIC PLC SHS G5960L103 448,678 5,753,016 SH   SOLE   3,261,507 0 2,491,509
MERITOR INC COM 59001K100 66,819 5,298,910 SH   SOLE   4,481,510 0 817,400
MERITOR INC NOTE 7.875% 3/0 59001KAC4 7,527 5,020,000 PRN   SOLE   5,020,000 0 0
MICROSOFT CORP COM 594918104 559,829 13,770,245 SH   SOLE   7,809,445 0 5,960,800
MILLER INDS INC TENN COM NEW 600551204 39,757 1,622,725 SH   SOLE   1,274,237 0 348,488
MONDELEZ INTL INC CL A 609207105 102,027 2,827,024 SH   SOLE   1,508,724 0 1,318,300
MORGAN STANLEY COM NEW 617446448 60,926 1,707,100 SH   SOLE   666,300 0 1,040,800
MURPHY OIL CORP COM 626717102 492,583 10,570,449 SH   SOLE   6,403,849 0 4,166,600
NATIONAL WESTN LIFE INS CO CL A 638522102 4,769 18,752 SH   SOLE   13,752 0 5,000
NAVISTAR INTL CORP NEW COM 63934E108 73,674 2,497,411 SH   SOLE   2,418,811 0 78,600
NEWS CORP NEW CL A 65249B109 74,502 4,653,473 SH   SOLE   4,508,173 0 145,300
NORANDA ALUM HLDG CORP COM 65542W107 23,858 8,032,948 SH   SOLE   6,675,648 0 1,357,300
NORDSTROM INC COM 655664100 71,043 884,500 SH   SOLE   335,600 0 548,900
NRG ENERGY INC COM NEW 629377508 248,384 9,860,413 SH   SOLE   6,624,028 0 3,236,385
OFFICE DEPOT INC COM 676220106 39,593 4,303,604 SH   SOLE   4,169,804 0 133,800
OLD REP INTL CORP COM 680223104 48,736 3,262,119 SH   SOLE   3,157,719 0 104,400
OMNICOM GROUP INC COM 681919106 129,138 1,656,044 SH   SOLE   1,116,044 0 540,000
ON SEMICONDUCTOR CORP COM 682189105 85,608 7,069,212 SH   SOLE   6,539,212 0 530,000
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 13,782 587,451 SH   SOLE   487,551 0 99,900
ORACLE CORP COM 68389X105 670,721 15,543,929 SH   SOLE   8,867,829 0 6,676,100
OWENS CORNING NEW COM 690742101 105,433 2,429,321 SH   SOLE   2,007,721 0 421,600
PACCAR INC COM 693718108 190,265 3,013,385 SH   SOLE   1,698,985 0 1,314,400
PARKER HANNIFIN CORP COM 701094104 186,566 1,570,683 SH   SOLE   922,383 0 648,300
PERFORMANT FINL CORP COM 71377E105 60 17,588 SH   SOLE   17,588 0 0
PHH CORP COM NEW 693320202 164,932 6,823,827 SH   SOLE   6,269,527 0 554,300
PHILIP MORRIS INTL INC COM 718172109 90,241 1,197,944 SH   SOLE   683,744 0 514,200
PHOTOMEDEX INC COM PAR $0.01 719358301 34 17,067 SH   SOLE   17,067 0 0
POPULAR INC COM NEW 733174700 181,437 5,275,852 SH   SOLE   4,903,452 0 372,400
PORTLAND GEN ELEC CO COM NEW 736508847 21,649 583,688 SH   SOLE   495,588 0 88,100
PPL CORP COM 69351T106 153,924 4,572,901 SH   SOLE   2,826,501 0 1,746,400
PUBLIC SVC ENTERPRISE GROUP COM 744573106 507,382 12,103,588 SH   SOLE   8,264,688 0 3,838,900
QLOGIC CORP COM 747277101 23,184 1,572,839 SH   SOLE   1,294,539 0 278,300
REGIONS FINL CORP NEW COM 7591EP100 139,527 14,764,727 SH   SOLE   14,315,227 0 449,500
RENT A CTR INC NEW COM 76009N100 37,775 1,376,630 SH   SOLE   1,334,030 0 42,600
ROCKWELL COLLINS INC COM 774341101 160,046 1,657,650 SH   SOLE   822,850 0 834,800
ROWAN COMPANIES PLC SHS CL A G7665A101 57,901 3,269,399 SH   SOLE   2,891,999 0 377,400
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 24,038 960,744 SH   SOLE   960,744 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 8,935 357,547 SH   SOLE   357,547 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 562,216 9,425,243 SH   SOLE   5,321,974 0 4,103,269
RUBY TUESDAY INC COM 781182100 16,806 2,796,300 SH   SOLE   2,285,900 0 510,400
RUSH ENTERPRISES INC CL A 781846209 66,980 2,448,100 SH   SOLE   2,083,800 0 364,300
SANOFI SPONSORED ADR 80105N105 582,511 11,782,180 SH   SOLE   6,635,380 0 5,146,800
SANTANDER CONSUMER USA HDG I COM 80283M101 45,768 1,977,891 SH   SOLE   1,918,391 0 59,500
SONIC AUTOMOTIVE INC CL A 83545G102 78,933 3,170,000 SH   SOLE   2,631,400 0 538,600
SOUTHERN CO COM 842587107 62,134 1,403,212 SH   SOLE   777,012 0 626,200
STANLEY BLACK & DECKER INC COM 854502101 244,276 2,561,621 SH   SOLE   1,508,121 0 1,053,500
STAPLES INC COM 855030102 55,672 3,418,618 SH   SOLE   3,312,118 0 106,500
SUNTRUST BKS INC COM 867914103 306,088 7,449,197 SH   SOLE   5,090,697 0 2,358,500
SYMANTEC CORP COM 871503108 46,379 1,984,987 SH   SOLE   1,921,587 0 63,400
SYMETRA FINL CORP COM 87151Q106 10,420 444,156 SH   SOLE   363,546 0 80,610
SYNOVUS FINL CORP COM NEW 87161C501 12,208 435,840 SH   SOLE   356,084 0 79,756
TARGET CORP COM 87612E106 404,156 4,924,530 SH   SOLE   2,785,330 0 2,139,200
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 29,215 207,158 SH   SOLE   162,158 0 45,000
TE CONNECTIVITY LTD REG SHS H84989104 65,925 920,480 SH   SOLE   378,125 0 542,355
TERADATA CORP DEL COM 88076W103 110,931 2,513,173 SH   SOLE   1,613,073 0 900,100
TEXAS INSTRS INC COM 882508104 61,931 1,082,986 SH   SOLE   430,286 0 652,700
TIME WARNER CABLE INC COM 88732J207 437,497 2,918,984 SH   SOLE   1,662,784 0 1,256,200
TRI POINTE HOMES INC COM 87265H109 93,258 6,043,916 SH   SOLE   5,655,816 0 388,100
TUTOR PERINI CORP COM 901109108 13,307 569,900 SH   SOLE   469,100 0 100,800
UNITEDHEALTH GROUP INC COM 91324P102 349,952 2,958,424 SH   SOLE   1,636,724 0 1,321,700
UNUM GROUP COM 91529Y106 449,304 13,320,592 SH   SOLE   8,803,792 0 4,516,800
VAALCO ENERGY INC COM NEW 91851C201 50 20,221 SH   SOLE   20,221 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 124 67,600 SH Put SOLE   67,600 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 579,346 17,727,860 SH   SOLE   10,153,328 0 7,574,532
WAL-MART STORES INC COM 931142103 303,962 3,695,584 SH   SOLE   2,096,484 0 1,599,100
WELLCARE HEALTH PLANS INC COM 94946T106 120,245 1,314,729 SH   SOLE   1,145,129 0 169,600
WELLS FARGO & CO NEW COM 949746101 241,686 4,442,753 SH   SOLE   2,571,191 0 1,871,562
WESTAR ENERGY INC COM 95709T100 3,147 81,200 SH   SOLE   54,300 0 26,900
WESTERN UN CO COM 959802109 25,666 1,233,355 SH   SOLE   1,194,955 0 38,400
WHITE MTNS INS GROUP LTD COM G9618E107 170,843 249,580 SH   SOLE   242,080 0 7,500
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 188,818 3,919,018 SH   SOLE   3,801,618 0 117,400
ZIMMER HLDGS INC COM 98956P102 156,182 1,328,982 SH   SOLE   789,882 0 539,100
ZIONS BANCORPORATION COM 989701107 39,523 1,463,828 SH   SOLE   1,417,928 0 45,900