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 179,513 3,063,356 SH   SOLE 2,033,306 0 1,030,050
ALLISON TRANSMISSION HLDGS I COM 01973R101 17,712 525,735 SH   SOLE 501,635 0 24,100
ALLSTATE CORP COM 020002101 184,980 2,495,686 SH   SOLE 1,308,467 0 1,187,219
ALLY FINL INC COM 02005N100 18,487 972,000 SH   SOLE 929,400 0 42,600
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,754 117,400 SH   SOLE 117,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 987,905 15,126,396 SH   SOLE 8,199,993 0 6,926,403
AMERICAN VANGUARD CORP COM 030371108 31,015 1,619,603 SH   SOLE 1,340,213 0 279,390
ANTHEM INC COM 036752103 522,685 3,635,567 SH   SOLE 2,001,997 0 1,633,570
APACHE CORP COM 037411105 52,553 828,000 SH   SOLE 231,000 0 597,000
ARRIS INTL INC SHS G0551A103 280,957 9,324,812 SH   SOLE 8,510,502 0 814,310
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 4,802 87,304 SH   SOLE 72,704 0 14,600
ASSOCIATED BANC CORP COM 045487105 30,232 1,223,976 SH   SOLE 1,015,636 0 208,340
AVIS BUDGET GROUP COM 053774105 15,805 430,900 SH   SOLE 411,200 0 19,700
AVNET INC COM 053807103 67,144 1,410,284 SH   SOLE 1,348,784 0 61,500
BANCORP INC DEL COM 05969A105 81 10,274 SH   SOLE 10,274 0 0
BANK AMER CORP COM 060505104 775,398 35,085,882 SH   SOLE 19,333,675 0 15,752,207
BANK AMER CORP *W EXP 01/16/201 060505146 1,909 191,863 SH   SOLE 191,863 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 18,302 582,130 SH   SOLE 483,260 0 98,870
BARCLAYS PLC ADR 06738E204 151 13,706 SH   SOLE 13,706 0 0
BED BATH & BEYOND INC COM 075896100 295,223 7,264,353 SH   SOLE 4,764,119 0 2,500,234
BIOGEN INC COM 09062X103 81,331 286,800 SH   SOLE 83,200 0 203,600
BOEING CO COM 097023105 252,172 1,619,811 SH   SOLE 813,038 0 806,773
BOULDER GROWTH & INCOME FD I COM 101507101 1,058 118,292 SH   SOLE 118,292 0 0
BROWN & BROWN INC COM 115236101 19,144 426,760 SH   SOLE 408,360 0 18,400
BUNGE LIMITED COM G16962105 107,057 1,481,958 SH   SOLE 1,009,076 0 472,882
CALPINE CORP COM NEW 131347304 485,985 42,518,410 SH   SOLE 26,465,748 0 16,052,662
CAPITAL ONE FINL CORP COM 14040H105 471,868 5,408,847 SH   SOLE 2,970,552 0 2,438,295
CARBO CERAMICS INC COM 140781105 110 10,501 SH   SOLE 10,501 0 0
CBS CORP NEW CL B 124857202 238,056 3,741,849 SH   SOLE 1,915,199 0 1,826,650
CDW CORP COM 12514G108 64,346 1,235,290 SH   SOLE 1,183,090 0 52,200
CIT GROUP INC COM NEW 125581801 105,756 2,477,871 SH   SOLE 2,370,871 0 107,000
CITIGROUP INC COM NEW 172967424 966,849 16,268,703 SH   SOLE 8,714,226 0 7,554,477
CITIZENS FINL GROUP INC COM 174610105 449,733 12,622,301 SH   SOLE 7,953,299 0 4,669,002
CNH INDL N V SHS N20944109 295,357 33,988,165 SH   SOLE 17,673,776 0 16,314,389
CNO FINL GROUP INC COM 12621E103 111,721 5,833,970 SH   SOLE 5,220,880 0 613,090
COBALT INTL ENERGY INC COM 19075F106 76,571 62,763,433 SH   SOLE 42,613,679 0 20,149,754
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 451 1,150,000 PRN   SOLE 1,150,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 636 2,270,000 PRN   SOLE 2,270,000 0 0
COMCAST CORP NEW CL A 20030N101 288,113 4,172,528 SH   SOLE 2,148,127 0 2,024,401
COMPUTER TASK GROUP INC COM 205477102 55 13,012 SH   SOLE 13,012 0 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 870 1,000,000 PRN   SOLE 1,000,000 0 0
COMSTOCK RES INC NOTE 9.500% 6/1 205768AN4 609 700,000 PRN   SOLE 700,000 0 0
CORECIVIC INC COM 21871N101 7,879 322,100 SH   SOLE 307,900 0 14,200
CORNING INC COM 219350105 685,017 28,224,843 SH   SOLE 17,209,315 0 11,015,528
CREDIT SUISSE GROUP SPONSORED ADR 225401108 154 10,734 SH   SOLE 10,734 0 0
CUMMINS INC COM 231021106 518,420 3,793,223 SH   SOLE 2,233,853 0 1,559,370
DIODES INC COM 254543101 44,345 1,727,500 SH   SOLE 1,470,360 0 257,140
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 473,698 17,281,945 SH   SOLE 10,645,450 0 6,636,495
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 142,647 5,326,643 SH   SOLE 3,300,343 0 2,026,300
EATON CORP PLC SHS G29183103 98,294 1,465,108 SH   SOLE 444,230 0 1,020,878
EMBRAER S A SP ADR REP 4 COM 29082A107 118,763 6,169,527 SH   SOLE 4,229,057 0 1,940,470
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 3,490 37,769 SH   SOLE 26,869 0 10,900
ENPRO INDS INC COM 29355X107 96,577 1,433,740 SH   SOLE 1,197,320 0 236,420
ENSTAR GROUP LIMITED SHS G3075P101 94,716 479,089 SH   SOLE 399,439 0 79,650
ERICSSON ADR B SEK 10 294821608 610,534 104,722,783 SH   SOLE 65,194,106 0 39,528,677
EXTREME NETWORKS INC COM 30226D106 32,526 6,466,352 SH   SOLE 5,314,262 0 1,152,090
FIFTH STR ASSET MGMT INC CL A COM 31679P109 2,573 384,044 SH   SOLE 384,044 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 542 62,246 SH   SOLE 62,246 0 0
FIFTH STREET FINANCE CORP COM 31678A103 944 175,714 SH   SOLE 175,714 0 0
FIFTH THIRD BANCORP COM 316773100 18,907 701,050 SH   SOLE 671,750 0 29,300
FIRST BANCORP P R COM NEW 318672706 36,294 5,490,842 SH   SOLE 4,551,112 0 939,730
FIRST HAWAIIAN INC COM 32051X108 39,624 1,137,980 SH   SOLE 992,370 0 145,610
FIRST HORIZON NATL CORP COM 320517105 57,617 2,879,386 SH   SOLE 2,393,799 0 485,587
FRANKS INTL N V COM N33462107 29,455 2,392,740 SH   SOLE 2,177,340 0 215,400
GENERAL MLS INC COM 370334104 1,130 18,300 SH   SOLE 0 0 18,300
GENERAL MTRS CO COM 37045V100 315,218 9,047,575 SH   SOLE 4,976,301 0 4,071,274
GENERAL MTRS CO *W EXP 07/10/201 37045V126 580 33,866 SH   SOLE 33,866 0 0
GEO GROUP INC NEW COM 36162J106 127,654 3,552,849 SH   SOLE 3,168,145 0 384,704
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 300,655 7,807,200 SH   SOLE 4,160,079 0 3,647,121
GLOBAL INDTY LTD CAYMAN USD CL A SHS G3933F105 46,933 1,228,300 SH   SOLE 1,014,257 0 214,043
GOLDEN ENTMT INC COM 381013101 2,471 204,039 SH   SOLE 169,939 0 34,100
GOLDMAN SACHS GROUP INC COM 38141G104 256,444 1,070,971 SH   SOLE 632,003 0 438,968
GOODYEAR TIRE & RUBR CO COM 382550101 120,697 3,909,836 SH   SOLE 3,741,036 0 168,800
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 30,885 922,761 SH   SOLE 758,521 0 164,240
GREAT PLAINS ENERGY INC COM 391164100 44,078 1,611,617 SH   SOLE 1,334,347 0 277,270
GROUP 1 AUTOMOTIVE INC COM 398905109 13,157 168,810 SH   SOLE 140,050 0 28,760
HARLEY DAVIDSON INC COM 412822108 90,520 1,551,588 SH   SOLE 809,879 0 741,709
HARTE-HANKS INC COM 416196103 69 45,518 SH   SOLE 45,518 0 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 3,983 164,923 SH   SOLE 164,923 0 0
HESS CORP COM 42809H107 475,676 7,636,469 SH   SOLE 4,074,166 0 3,562,303
HEWLETT PACKARD ENTERPRISE C COM 42824C109 865,415 37,399,100 SH   SOLE 21,984,827 0 15,414,273
HILL INTERNATIONAL INC COM 431466101 58 13,388 SH   SOLE 13,388 0 0
HONDA MOTOR LTD AMERN SHS 438128308 120,508 4,128,393 SH   SOLE 2,033,035 0 2,095,358
HORACE MANN EDUCATORS CORP N COM 440327104 89,918 2,100,881 SH   SOLE 1,728,861 0 372,020
HUDSON GLOBAL INC COM 443787106 6,283 4,620,110 SH   SOLE 3,580,960 0 1,039,150
INTEROIL CORP COM 460951106 16,929 355,798 SH   SOLE 347,998 0 7,800
INTL PAPER CO COM 460146103 258,866 4,878,739 SH   SOLE 2,968,955 0 1,909,784
INVACARE CORP COM 461203101 18,081 1,385,495 SH   SOLE 1,158,763 0 226,732
INVESTORS BANCORP INC NEW COM 46146L101 11,622 833,125 SH   SOLE 657,655 0 175,470
JOHNSON CTLS INTL PLC SHS G51502105 350,949 8,520,237 SH   SOLE 4,463,697 0 4,056,540
JPMORGAN CHASE & CO COM 46625H100 399,411 4,628,705 SH   SOLE 2,577,338 0 2,051,367
KBR INC COM 48242W106 82,214 4,925,961 SH   SOLE 4,080,261 0 845,700
KCAP FINL INC COM 48668E101 54 13,521 SH   SOLE 13,521 0 0
KELLOGG CO COM 487836108 64,574 876,052 SH   SOLE 268,453 0 607,599
KEYCORP NEW COM 493267108 16,151 883,994 SH   SOLE 621,616 0 262,378
KOHLS CORP COM 500255104 41,544 841,322 SH   SOLE 803,922 0 37,400
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 275,109 8,999,322 SH   SOLE 4,844,400 0 4,154,922
KORN FERRY INTL COM NEW 500643200 20,620 700,653 SH   SOLE 557,343 0 143,310
KOSMOS ENERGY LTD SHS G5315B107 213,325 30,431,505 SH   SOLE 22,667,053 0 7,764,452
LIFEPOINT HEALTH INC COM 53219L109 60,119 1,058,437 SH   SOLE 896,507 0 161,930
LILLY ELI & CO COM 532457108 1,978 26,900 SH   SOLE 0 0 26,900
LONESTAR RES US INC CL A VTG 54240F103 1,430 167,493 SH   SOLE 167,493 0 0
LOUISIANA PAC CORP COM 546347105 3,440 181,723 SH   SOLE 181,723 0 0
M/I HOMES INC COM 55305B101 26,058 1,034,874 SH   SOLE 855,214 0 179,660
MAGNA INTL INC COM 559222401 175,440 4,042,401 SH   SOLE 2,390,301 0 1,652,100
MANPOWERGROUP INC COM 56418H100 31,682 356,500 SH   SOLE 289,700 0 66,800
MARATHON OIL CORP COM 565849106 836,639 48,332,703 SH   SOLE 27,710,161 0 20,622,542
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 58,768 4,237,062 SH   SOLE 4,057,462 0 179,600
MASONITE INTL CORP NEW COM 575385109 59,247 900,411 SH   SOLE 754,981 0 145,430
MATSON INC COM 57686G105 48,326 1,365,514 SH   SOLE 1,126,284 0 239,230
MCDERMOTT INTL INC COM 580037109 58,145 7,868,110 SH   SOLE 7,137,630 0 730,480
MDC PARTNERS INC CL A SUB VTG 552697104 26,313 4,017,180 SH   SOLE 3,244,200 0 772,980
MEDTRONIC PLC SHS G5960L103 89,134 1,251,351 SH   SOLE 662,319 0 589,032
MERITOR INC COM 59001K100 33,836 2,724,341 SH   SOLE 2,353,731 0 370,610
MERITOR INC NOTE 7.875% 3/0 59001KAC4 6,235 4,298,000 PRN   SOLE 4,171,000 0 127,000
MICROSOFT CORP COM 594918104 763,107 12,280,445 SH   SOLE 6,549,327 0 5,731,118
MILLER INDS INC TENN COM NEW 600551204 31,416 1,187,745 SH   SOLE 934,559 0 253,186
MORGAN STANLEY COM NEW 617446448 185,018 4,379,124 SH   SOLE 1,254,417 0 3,124,707
MURPHY OIL CORP COM 626717102 341,590 10,973,020 SH   SOLE 6,723,523 0 4,249,497
NATIONAL WESTN LIFE GROUP IN CL A 638517102 4,360 14,029 SH   SOLE 10,049 0 3,980
NAVISTAR INTL CORP NEW COM 63934E108 86,155 2,746,406 SH   SOLE 2,587,286 0 159,120
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 13,322 13,423,000 PRN   SOLE 13,035,000 0 388,000
NEWS CORP NEW CL A 65249B109 46,366 4,045,873 SH   SOLE 3,864,973 0 180,900
NRG ENERGY INC COM NEW 629377508 336,749 27,467,261 SH   SOLE 20,105,791 0 7,361,470
OCH ZIFF CAP MGMT GROUP CL A 67551U105 34 10,271 SH   SOLE 10,271 0 0
OFFICE DEPOT INC COM 676220106 210,389 46,546,266 SH   SOLE 42,389,956 0 4,156,310
OMNICOM GROUP INC COM 681919106 49,154 577,533 SH   SOLE 172,965 0 404,568
ON SEMICONDUCTOR CORP COM 682189105 114,513 8,974,373 SH   SOLE 8,080,213 0 894,160
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 23,004 1,236,758 SH   SOLE 1,032,518 0 204,240
ORACLE CORP COM 68389X105 686,686 17,859,191 SH   SOLE 9,836,194 0 8,022,997
PACCAR INC COM 693718108 94,529 1,479,333 SH   SOLE 760,890 0 718,443
PACKAGING CORP AMER COM 695156109 53,286 628,222 SH   SOLE 175,701 0 452,521
PARKER HANNIFIN CORP COM 701094104 268,837 1,920,263 SH   SOLE 1,075,508 0 844,755
PATTERSON UTI ENERGY INC COM 703481101 40 200,000 SH Put SOLE 200,000 0 0
PBF ENERGY INC CL A 69318G106 22,908 821,680 SH   SOLE 678,630 0 143,050
PEBBLEBROOK HOTEL TR COM 70509V100 11,522 387,290 SH   SOLE 307,190 0 80,100
PERFORMANT FINL CORP COM 71377E105 41 17,485 SH   SOLE 17,485 0 0
PETROQUEST ENERGY INC COM NEW 716748306 1,341 405,193 SH   SOLE 394,174 0 11,019
PHH CORP COM NEW 693320202 72,153 4,759,420 SH   SOLE 4,372,530 0 386,890
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 10,498 358,280 SH   SOLE 286,670 0 71,610
POPULAR INC COM NEW 733174700 240,548 5,489,451 SH   SOLE 5,031,671 0 457,780
PORTLAND GEN ELEC CO COM NEW 736508847 51,400 1,186,250 SH   SOLE 1,056,620 0 129,630
PPL CORP COM 69351T106 75,708 2,223,442 SH   SOLE 1,201,976 0 1,021,466
REAL IND INC COM 75601W104 30,157 4,943,734 SH   SOLE 4,138,344 0 805,390
REGIONS FINL CORP NEW COM 7591EP100 235,336 16,388,267 SH   SOLE 10,518,767 0 5,869,500
RENT A CTR INC NEW COM 76009N100 11,319 1,006,170 SH   SOLE 962,370 0 43,800
RMR GROUP INC CL A 74967R106 328 8,300 SH   SOLE 8,300 0 0
ROCKWELL COLLINS INC COM 774341101 159,157 1,715,795 SH   SOLE 483,227 0 1,232,568
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 32,129 1,282,584 SH   SOLE 1,087,402 0 195,182
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 317,877 5,845,481 SH   SOLE 3,051,824 0 2,793,657
RUBY TUESDAY INC COM 781182100 9,041 2,798,926 SH   SOLE 2,345,716 0 453,210
RUSH ENTERPRISES INC CL A 781846209 97,245 3,048,434 SH   SOLE 2,494,994 0 553,440
SANOFI SPONSORED ADR 80105N105 458,535 11,338,645 SH   SOLE 5,861,079 0 5,477,566
SANTANDER CONSUMER USA HDG I COM 80283M101 49,019 3,631,018 SH   SOLE 3,483,618 0 147,400
SEARS HOMETOWN & OUTLET STOR COM 812362101 74 15,773 SH   SOLE 15,773 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 8,958 209,750 SH   SOLE 173,510 0 36,240
SLM CORP COM 78442P106 23,313 2,115,551 SH   SOLE 1,742,531 0 373,020
SONIC AUTOMOTIVE INC CL A 83545G102 59,490 2,597,833 SH   SOLE 2,094,403 0 503,430
SOUTHERN CO COM 842587107 42,774 869,568 SH   SOLE 253,747 0 615,821
STANLEY BLACK & DECKER INC COM 854502101 975 8,500 SH   SOLE 0 0 8,500
STAPLES INC COM 855030102 15,867 1,753,228 SH   SOLE 1,680,828 0 72,400
STATE STR CORP COM 857477103 375,362 4,829,672 SH   SOLE 2,842,394 0 1,987,278
SUNTRUST BKS INC COM 867914103 13,387 244,067 SH   SOLE 232,267 0 11,800
TARGET CORP COM 87612E106 134,546 1,862,750 SH   SOLE 1,021,927 0 840,823
TE CONNECTIVITY LTD REG SHS H84989104 174,400 2,517,320 SH   SOLE 1,216,420 0 1,300,900
TERADATA CORP DEL COM 88076W103 76,856 2,828,711 SH   SOLE 1,451,973 0 1,376,738
TIDEWATER INC COM 886423102 35 10,372 SH   SOLE 10,372 0 0
TRAVELERS COMPANIES INC COM 89417E109 251,585 2,055,100 SH   SOLE 1,051,300 0 1,003,800
TRI POINTE GROUP INC COM 87265H109 145,396 12,665,152 SH   SOLE 11,438,042 0 1,227,110
TUTOR PERINI CORP COM 901109108 70,558 2,519,918 SH   SOLE 2,087,348 0 432,570
UNUM GROUP COM 91529Y106 9,652 219,703 SH   SOLE 209,903 0 9,800
VAALCO ENERGY INC COM NEW 91851C201 102 97,840 SH   SOLE 97,840 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1 43,800 SH Put SOLE 43,800 0 0
VODAFONE GROUP PLC NEW SPNSR ADR 92857W308 397,016 16,251,160 SH   SOLE 8,907,970 0 7,343,190
WAL-MART STORES INC COM 931142103 189,053 2,735,147 SH   SOLE 1,482,188 0 1,252,959
WASHINGTON FED INC COM 938824109 6,005 174,810 SH   SOLE 144,540 0 30,270
WELLS FARGO & CO NEW COM 949746101 358,158 6,498,965 SH   SOLE 3,724,243 0 2,774,722
WHITING PETE CORP NEW COM 966387102 197,133 16,400,452 SH   SOLE 15,269,882 0 1,130,570
WILLIS TOWERS WATSON PUB LTD SHS G96629103 94,185 770,237 SH   SOLE 738,598 0 31,639
WISDOMTREE INVTS INC COM 97717P104 363 250,000 SH Put SOLE 250,000 0 0
ZAGG INC COM 98884U108 71 10,041 SH   SOLE 10,041 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 164,259 1,591,659 SH   SOLE 983,941 0 607,718