13F-HR 1 dreman13f.txt DREMAN VALUE MANAGEMENT, L.L.C. FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Dreman Value Management, L.L.C. Address: 777 South Flagler Dr. Suite 800-West Tower West Palm Beach, FL 33401 Form 13F File Number: 28-6700 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Yvonne I. Pytlik Title: Chief Compliance Officer Phone: (201) 793-2046 Signature, Place, and Date of Signing: /s/ Yvonne I. Pytlik Jersey City, New Jersey May 17, 2010 ----------------------- ----------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Dreman Value Management, LLC FORM 13F for 06/30/2010
DREMAN VALUE MANAGEMENT, LLC FORM 13F TOTAL TITLE MARKET NAME OF ISSUER OF VALUE TOTAL SHEET SOLE SHARED NONE ------------------------------ CLASS CUSIP SYMBOL PRICE (X1000) TOTAL 3M Company COM 88579Y101 mmm 78.99 1,030 13,036 13,036 - - ABB LTD SPON ADR COM 000375204 abb 17.28 880 50,908 20,908 - 30,000 AES CORP COMMON STOCK USD.01 COM 00130H105 aes 9.24 296 32,087 7,087 - 25,000 AETNA INC NEW COM 00817y108 aet 26.38 14,075 533,565 114,873 135,689 283,003 AFLAC INC COMMON STOCK USD.1 COM 001055102 afl 42.67 288 6,743 1,678 - 5,065 AGL RESOURCES INC COMMON STOCK COM 001204106 agl 35.82 3,084 86,100 - - 86,100 AGRIUM INC COMMON STOCK NPV COM 008916108 agu 48.94 3,412 69,721 8,349 962 60,410 ALEXANDRIA REAL EST EQTY REIT COM 015271109 are 63.37 25,518 402,678 61,200 6,153 335,325 ALLEGHENY ENERGY INC COMMON ST COM 017361106 aye 20.68 247 11,957 - - 11,957 ALLETE INC NEW COM 018522300 ale 34.24 28,888 843,688 130,025 13,188 700,475 ALLIANT TECHSYSTEMS INC COM 018804104 atk 62.06 27,897 449,518 61,825 6,168 381,525 ALLIED WORLD ASSUR NEW F COM G0219G203 awh 45.38 30,746 677,524 95,600 9,309 572,615 ALLSTATE CORPORATION COM 020002101 all 28.73 19,406 675,464 81,630 161,026 432,808 ALTRIA GROUP INC COM 02209s103 mo 20.04 44,060 2,198,616 484,383 558,130 1,156,103 AMDOCS LTD COMMON STOCK GBP.00 COM G02602103 dox 26.85 3,064 114,125 - - 114,125 AMEDISYS INC COM 023436108 amed 43.98 25,469 579,113 88,146 8,881 482,086 AMEREN CORP COM 023608102 aee 23.77 6,110 257,049 12,032 2,203 242,814 AMERICAN EXPRESS COMPANY COM 025816109 axp 39.7 20,475 515,743 117,620 142,971 255,152 AMERIPRISE FINANCIAL INC COMMO COM 03076C106 amp 36.13 2,773 76,751 325 1,426 75,000 AMERON INTERNATIONAL CP COM 030710107 amn 60.33 24,562 407,133 66,498 6,705 333,930 AMGEN INC COMMON STOCK USD.000 COM 031162100 amgn 52.6 313 5,945 1,349 - 4,596 AMN ELEC POWER CO COM 025537101 aep 32.3 3,408 105,510 7,342 1,722 96,446 AMSURG CORP COM 03232P405 amsg 17.82 25,065 1,406,542 214,025 21,936 1,170,581 ANADARKO PETROLEUM CORP COM 032511107 apc 36.09 28,160 780,282 168,896 195,083 416,303 ANIXTER INTL INC COM 035290105 axe 42.6 26,104 612,775 84,715 9,460 518,600 ANWORTH MTG ASSET CORP REIT COM 037347101 anh 7.12 26,753 3,757,434 553,875 55,184 3,148,375 APACHE CORP COM 037411105 apa 84.19 34,176 405,938 85,532 103,537 216,869 APOLLO INVESTMENT CORP COM 03761U106 ainv 9.33 25,767 2,761,744 376,485 39,909 2,345,350 ARCH COAL INC COMMON STOCK USD COM 039380100 aci 19.81 2,437 123,000 - - 123,000 ARCHER DANIELS MIDLAND CO COMM COM 039483102 adm 25.82 316 12,255 2,739 - 9,516 ARGO GROUP INTL HLDGS F COM G0464B107 agii 30.59 30,392 993,537 133,051 13,478 847,008 ARRIS GROUP INC COMMON STOCK U COM 04269Q100 arrs 10.19 3,080 302,275 - - 302,275 ARROW ELECTRONICS INC COMMON S COM 042735100 arw 22.35 4,957 221,808 465 1,918 219,425 ASPEN INSURANCE HOLDINGF COM G05384105 ahl 24.74 23,334 943,158 140,300 14,183 788,675 ASSURANT INC COMMON STOCK USD. COM 04621X108 aiz 34.7 278 7,999 - - 7,999 ASTRAZENECA PLC ADR F SPONSORE COM 046353108 azn 47.13 22,856 484,949 90,646 123,007 271,296 AT& T INC COM 00206r102 t 24.19 608 25,126 14,484 - 10,642 ATWOOD OCEANICS INC COM 050095108 atw 25.52 28,984 1,135,753 157,260 16,168 962,325 AUTOZONE INC COMMON STOCK USD. COM 053332102 azo 193.22 307 1,589 - - 1,589 AXIS CAPITAL HOLDINGS LTD COMM COM G0692U109 axs 29.72 5,981 201,238 445 1,863 198,930 BALL CORP COMMON STOCK NPV COM 058498106 bll 52.83 272 5,152 - - 5,152 BANCO SANT CTL HISP ADR COM 05964H105 std 10.5 1,149 109,441 49,441 - 60,000 BANCORPSOUTH INC COM 059692103 bxs 17.88 24,972 1,396,648 215,175 21,798 1,159,675 BANK OF AMERICA CORP COM 060505104 bac 14.37 32,351 2,251,315 540,962 398,509 1,311,844 BANK OF HAWAII CORP COM 062540109 boh 48.35 30,619 633,275 87,975 8,950 536,350 BARNES GROUP INC COM 067806109 b 16.39 24,281 1,481,455 227,780 23,200 1,230,475 BARRICK GOLD CORPORATION COM 067901108 abx 45.41 1,125 24,774 10,012 - 14,762 BECKMAN COULTER INC COMMON STO COM 075811109 bec 60.29 3,281 54,425 - - 54,425 BEST BUY CO INC COM 086516101 bby 33.86 2,754 81,321 8,230 1,301 71,790 BHP BILLITON LTD ADR F SPONSOR COM 088606108 bhp 61.99 26,709 430,865 105,210 103,205 222,450 BIG LOTS INC COMMON STOCK USD. COM 089302103 big 32.09 5,529 172,283 370 1,564 170,349 BIOGEN IDEC INC COM 09062x103 biib 47.45 2,994 63,092 6,318 1,094 55,680 BOK FINANCIAL CORPORATION COMM COM 05561Q201 bokf 47.47 2,897 61,025 - - 61,025 BP PLC ADR F SPONSORED ADR 1 A COM 055622104 bp 28.88 20,572 712,329 143,850 177,507 390,972 BRINKER INTL INC COM 109641100 eat 14.46 25,927 1,793,025 244,825 25,050 1,523,150 BRINKS CO COM 109696104 bco 19.03 25,581 1,344,236 184,945 18,841 1,140,450 BRISTOL MYERS SQUIBB CO COMMON COM 110122108 bmy 24.94 257 10,300 - - 10,300 BURGER KING HLDGS INC COM 121208201 bkc 16.84 5,684 337,536 16,200 2,736 318,600 Banco Bilbao Vizcaya - ADR COM 05946K101 bbva 10.29 1,115 108,356 48,061 - 60,295 Bank of Montreal COM 063671101 bmo 54.28 823 15,171 6,085 - 9,086 Barclays PLC- ADR COM 06738E204 bcs 15.89 843 53,070 21,348 - 31,722 British American Tobacco - Spo COM 110448107 bti 63.3 1,395 22,041 8,851 - 13,190 C A C I INC CL A COM 127190304 caci 42.48 27,058 636,963 96,375 9,813 530,775 C B L & ASSOC PROPERTIES REIT COM 124830100 cbl 12.44 27,086 2,177,324 303,175 24,174 1,849,975 CAL DIVE INTERNATIONAL COM 12802T101 dvr 5.85 25,248 4,315,945 560,575 74,595 3,680,775 CARNIVAL CORP NEW F PAIRED STK COM 143658300 ccl 30.24 11,037 364,982 89,221 90,928 184,833 CARNIVAL PLC-ADR COM 14365C103 cuk 32.41 887 27,370 10,933 - 16,437 CASH AMERICA INTL INC COM 14754D100 csh 34.27 27,188 793,337 127,696 12,444 653,197 CENTERPOINT ENERGY INC COMMON COM 15189T107 cnp 13.16 252 19,150 - - 19,150 CENTRAL EURO DISTRIBUTN COM 153435102 cedc 21.38 23,168 1,083,631 166,068 17,316 900,247 CENTURYLINK INC COMMON STOCK U COM 156700106 ctl 33.31 329 9,885 2,130 - 7,755 CEPHALON INC COMMON STOCK USD. COM 156708109 ceph 56.75 230 4,057 - - 4,057 CF INDUSTRIES HOLDINGS INC COM COM 125269100 cf 63.45 2,170 34,200 - - 34,200 CHARLES RIVER LABORATORIES COM COM 159864107 crl 34.21 3,194 93,375 - - 93,375 CHESAPEAKE ENERGY CORP COM 165167107 chk 20.95 25,130 1,199,525 307,652 253,505 638,368 CHEVRON CORP COM 166764100 cvx 67.86 394 5,813 2,186 - 3,627 CHUBB CORP COM 171232101 cb 50.01 385 7,690 2,386 - 5,304 CIGNA CORP COMMON STOCK USD.25 COM 125509109 ci 31.06 299 9,633 2,115 - 7,518 CIMAREX ENERGY CO COMMON STOCK COM 171798101 xec 71.58 2,585 36,107 165 707 35,235 CITIGROUP INC COM 172967101 c 3.76 13,257 3,525,877 498,960 1,039,153 1,987,764 CMS ENERGY CORP COMMON STOCK U COM 125896100 cms 14.65 261 17,788 - - 17,788 COEUR D ALENE MINES CORP COMMO COM 192108504 cde 15.78 2,865 181,550 - - 181,550 COMERICA INC COM COM 200340107 cma 36.83 3,102 84,216 7,575 1,481 75,160 COMMSCOPE INC COM 203372107 ctv 23.77 28,302 1,190,677 163,245 16,507 1,010,925 COMPUTER SCIENCES CORP COMMON COM 205363104 csc 45.25 228 5,047 - - 5,047 CONOCOPHILLIPS COM 20825c104 cop 49.09 43,858 893,421 173,809 229,346 490,266 CONSTELLATION BRANDS INC A COM COM 21036P108 stz 15.62 3,322 212,702 - - 212,702 CONSTELLATION ENERGY GROUP COM COM 210371100 ceg 32.25 253 7,833 - - 7,833 CONTANGO OIL & GAS DE COM 21075N204 mcf 44.75 24,526 548,065 84,242 8,968 454,855 COOPER COS INC/THE COMMON STOC COM 216648402 coo 39.79 2,957 74,312 335 1,427 72,550 CORN PRODUCTS INTL INC COM 219023108 cpo 30.3 25,656 846,747 118,950 11,297 716,500 CORNING INC COMMON STOCK USD.5 COM 219350105 glw 16.15 286 17,693 4,086 - 13,607 COVENTRY HEALTH CARE INC COMMO COM 222862104 cvh 17.68 197 11,125 - - 11,125 CRANE CO COMMON STOCK USD1.0 COM 224399105 cr 30.21 2,970 98,300 - - 98,300 Chicago Bridge & Iron COM 167250109 cbi 18.81 1,110 59,007 23,070 - 35,937 China Digital TV Holding-ADR COM 16938g107 stv 5.46 800 146,469 56,115 - 90,354 Companhia D. Snmnto Bsco COM 20441a102 sbs 41.34 864 20,890 8,411 - 12,479 Covidien Plc COM g2554f105 cov 40.18 1,043 25,958 10,617 - 15,341 Curtiss-Wright Corp. COM 231561101 cw 29.04 2,216 76,323 18,867 603 56,853 D S T SYSTEMS INC COM 233326107 dst 36.14 25,819 714,408 108,850 11,108 594,450 DEAN FOODS CO COMMON STOCK USD COM 242370104 df 10.07 2,098 208,347 920 3,700 203,727 DEL MONTE FOODS CO COM 24522P103 dlm 14.39 28,155 1,956,595 266,805 26,540 1,663,250 DEVON ENERGY CP NEW COM 25179m103 dvn 60.92 40,226 660,310 129,616 164,243 366,451 DIAMOND OFFSHORE DRILLING COMM COM 25271C102 do 62.19 265 4,262 1,166 - 3,096 DIANA SHIPPING INC F COM Y2066G104 dsx 11.26 21,849 1,940,368 304,325 30,743 1,605,300 DISCOVER FINANCIAL SERVICES CO COM 254709108 dfs 13.98 2,912 208,267 970 4,067 203,230 DISNEY WALT CO COM 254687106 dis 31.5 17,990 571,101 102,691 155,182 313,228 DUKE REALTY CORP REIT USD.01 COM 264411505 dre 11.35 2,821 248,568 1,130 4,738 242,700 Delhaize Le Lion S A Adr COM 29759w101 deg 72.5 1,080 14,898 6,489 - 8,409 Deutsche Bank AG REG COM D18190898 db 56.16 405 7,209 7,209 - - Diageo Plc Adr COM 25243Q205 deo 62.74 1,030 16,420 6,610 - 9,810 Du Pont (E I) De Nemours COM 263534109 dd 34.59 293 8,460 8,460 - - EARTHLINK INC COM 270321102 elnk 7.96 26,835 3,371,204 511,625 51,229 2,808,350 EASTMAN KODAK CO COMMON STOCK COM 277461109 ek 4.34 206 47,496 - - 47,496 EATON CORPORATION COM 278058102 etn 65.44 25,869 395,302 82,944 102,004 210,354 EDISON INTERNATIONAL COMMON ST COM 281020107 eix 31.72 324 10,216 2,168 - 8,048 EL PASO CORP COMMON STOCK USD3 COM 28336L109 ep 11.11 347 31,243 5,874 - 25,369 ELI LILLY & CO COM 532457108 lly 33.5 1,224 36,539 28,947 - 7,592 EMCOR GROUP INC COM 29084Q100 eme 23.17 24,884 1,073,969 155,380 15,264 903,325 EMERSON ELECTRIC CO COM 291011104 emr 43.69 15,980 365,758 72,405 95,786 197,567 ENDO PHARMACEUT HLDGS INC COMM COM 29264F205 endp 21.82 2,891 132,475 - - 132,475 ENDURANCE SPECALTY HLDGF COM G30397106 enh 37.53 30,574 814,660 116,375 11,410 686,875 ENERGIZER HOLDINGS INC COMMON COM 29266R108 enr 50.28 4,986 99,159 235 929 97,995 ENERSYS COM 29275Y102 ens 21.37 24,442 1,143,770 175,425 18,095 950,250 ENSCO PLC SPON ADR ADR USD.1 COM 29358Q109 esv 39.28 3,480 88,606 8,990 1,287 78,329 ESTERLINE TECH CORP COM 297425100 esl 47.45 27,110 571,336 87,225 8,986 475,125 EXELON CORP COMMON STOCK NPV COM 30161N101 exc 37.97 307 8,083 1,806 - 6,277 EXXON MOBIL CORP COMMON STOCK COM 30231G102 xom 57.07 234 4,106 - - 4,106 Encana Corp COM 292505104 eca 30.34 1,124 37,036 37,036 - - Eni S P A Sponsored ADR COM 26874r108 e 36.55 1,087 29,736 13,273 - 16,463 FEDERATED INVESTORS INC CL B C COM 314211103 fii 20.71 1,954 94,350 415 1,810 92,125 FEDEX CORPORATION COM 31428x106 fdx 70.11 16,635 237,272 48,229 61,414 127,629 FIDELITY NATIONAL INFORMATIO C COM 31620M106 fis 26.82 315 11,732 - - 11,732 FIFTH THIRD BANCORP COM 316773100 fitb 12.29 4,263 346,906 143,840 3,936 199,130 FIRSTENERGY CORP COMMON STOCK COM 337932107 fe 35.23 316 8,971 1,936 - 7,035 FIRSTMERIT CORP COM 337915102 fmer 17.13 26,425 1,542,593 234,410 23,911 1,284,272 FISERV INC COMMON STOCK USD.01 COM 337738108 fisv 45.66 2,746 60,132 270 1,152 58,710 FLUOR CORP COMMON STOCK USD.01 COM 343412102 flr 42.5 2,725 64,109 295 1,259 62,555 FOREST LABORATORIES INC COMMON COM 345838106 frx 27.43 2,825 102,983 3,238 1,776 97,969 FOREST OIL CORP NEW COM 346091705 fst 27.36 27,422 1,002,276 136,750 13,601 851,925 FORTUNE BRANDS INC COMMON STOC COM 349631101 fo 39.18 2,656 67,781 295 1,236 66,250 FOSTER WHEELER AG COM h27178104 fwlt 21.06 202 9,580 9,580 - - FREEPORT MCMORAN COPPER COMMON COM 35671D857 fcx 59.13 261 4,422 1,130 - 3,292 FULTON FINANCIAL CORP COM 360271100 fult 9.65 28,717 2,975,901 453,050 45,651 2,477,200 GAMESTOP CORP CLASS A COMMON S COM 36467W109 gme 18.79 236 12,551 - - 12,551 GAMMON GOLD INC FGN COM COM 36467T106 grs 5.46 20,275 3,713,383 565,650 57,683 3,090,050 GANNETT CO COMMON STOCK USD1.0 COM 364730101 gci 13.46 224 16,646 - - 16,646 GATX CORP COM 361448103 gmt 26.68 26,047 976,283 140,325 13,758 822,200 GENERAL CABLE CP DE NEW COM 369300108 bgc 26.65 26,210 983,506 136,675 15,581 831,250 GENERAL DYNAMICS CORP COMMON S COM 369550108 gd 58.56 274 4,675 1,113 - 3,562 GENERAL ELECTRIC COMPANY COM 369604103 ge 14.42 25,708 1,782,806 388,079 449,893 944,834 GENESEE + WYOMING INC CL A COM COM 371559105 gwr 37.31 2,873 77,000 - - 77,000 GEO GROUP INC COM 36159R103 geo 20.75 28,461 1,371,627 212,872 20,395 1,138,360 GOLDMAN SACHS GROUP INC COM 38141g104 gs 131.27 19,433 148,036 19,757 44,056 84,223 GRAFTECH INTERNATIONAL COM 384313102 gti 14.62 28,696 1,962,789 270,450 27,214 1,665,125 Glaxosmitkhline Plc-Sp Adr COM 37733W105 gsk 34.01 1,175 34,560 15,071 - 19,489 HANESBRANDS INC COM 410345102 hbi 24.06 27,247 1,132,449 152,405 15,444 964,600 HANOVER INSURANCE GROUP COM 410867105 thg 43.5 27,205 625,413 99,655 9,758 516,000 HARRIS CORP COMMON STOCK USD1. COM 413875105 hrs 41.65 241 5,791 - - 5,791 HARTFORD FINL SVCS GRP COM 416515104 hig 22.13 22,039 995,885 178,675 228,566 588,644 HCC INSURANCE HOLDINGS INC COM COM 404132102 hcc 24.76 2,425 97,954 465 1,889 95,600 HEALTHSPRING INC COM 42224N101 hs 15.51 27,606 1,779,867 240,095 24,672 1,515,100 HELEN OF TROY LTD F COM G4388N106 hele 22.06 24,405 1,106,318 163,435 15,883 927,000 HENRY JACK & ASSOC INC COM 426281101 jkhy 23.88 29,979 1,255,405 160,900 16,353 1,078,152 HEWLETT PACKARD CO COMMON STOC COM 428236103 hpq 43.28 291 6,726 1,552 - 5,174 HOSPITALITY PPTYS TRUST BENEFI COM 44106M102 hpt 21.1 29,400 1,393,346 186,860 20,156 1,186,330 HRPT Porperties Trust COM 40426W101 hrp 6.21 29,263 4,712,163 641,450 65,238 4,005,475 HSBC Hldgs PLC Spons-ADR COM 404280406 hbc 45.59 1,253 27,485 11,094 - 16,391 HUBBELL INC CL B PAR .01 COM 443510201 hub/b 39.69 5,432 136,853 295 1,258 135,300 HUDSON CITY BANCORP INC COMMON COM 443683107 hcbk 12.25 2,781 227,000 885 4,003 222,112 HUMANA INC COMMON STOCK USD.16 COM 444859102 hum 45.67 338 7,392 1,512 - 5,880 IDACORP INCORPORATED COM 451107106 ida 33.27 32,172 967,001 136,715 14,375 815,911 ING GP NV SPSD ADR COM 456837103 ing 7.41 1,021 137,799 55,952 - 81,847 INTL BUSINESS MACHINES CORP CO COM 459200101 ibm 123.48 265 2,144 - - 2,144 INTL SPEEDWAY CL A COM 460335201 isca 25.76 28,822 1,118,850 150,645 15,105 953,100 Inverness Medical Innovations Inc., COM 46126P106 ima 26.66 24,582 922,055 123,875 12,880 785,300 INVESTMENT TECH GRP NEW COM 46145F105 itg 16.06 25,222 1,570,457 238,100 24,007 1,308,350 ITT EDUCATIONAL SERVICES INC C COM 45068B109 esi 83.02 2,698 32,500 - - 32,500 JABIL CIRCUIT INC COM 466313103 jbl 13.3 26,139 1,965,309 248,325 24,048 1,692,936 JAKKS PACIFIC INC COM 47012E106 jakk 14.38 25,487 1,772,385 269,769 27,461 1,475,155 JARDEN CORP COM 471109108 jah 26.87 26,856 999,476 152,105 15,448 831,923 JONES APPAREL GROUP COM 480074103 jny 15.85 28,897 1,823,172 248,725 25,297 1,549,150 JOY GLOBAL INC COMMON STOCK US COM 481165108 joyg 50.09 5,353 106,875 215 960 105,700 JPMORGAN CHASE & CO COM 46625h100 jpm 36.61 24,067 657,382 164,417 168,373 324,592 KB Financial Group Inc-ADR COM 48241a105 kb 37.89 1,153 30,427 12,212 - 18,215 KELLY SERVICES INC CL A COM 488152208 kelya 14.87 26,504 1,782,408 284,089 28,944 1,469,375 KIMBERLY CLARK COM 494368103 kmb 60.63 281 4,630 4,630 - - KINETIC CONCEPTS INC COMMON ST COM 49460W208 kci 36.51 2,554 69,943 335 1,338 68,270 KROGER CO COMMON STOCK USD1.0 COM 501044101 kr 19.69 250 12,696 - - 12,696 Keycorp COM 493267108 key 7.69 988 128,540 128,540 - - L 3 COMMUNICATIONS HLDGS INC C COM 502424104 lll 70.84 3,020 42,636 1,073 712 40,851 LEXMARK INTL INC CL A CLASS A COM 529771107 lxk 33.03 26,490 801,992 120,000 12,245 669,747 LIFEPOINT HOSPITALS INC COM 53219L109 lpnt 31.4 29,444 937,718 134,430 14,013 789,275 LIFETIME FITNESS COM 53217R207 ltm 31.79 27,280 858,123 118,250 11,823 728,050 LINCOLN NATIONAL CORP COMMON S COM 534187109 lnc 24.29 283 11,636 2,678 - 8,958 LOCKHEED MARTIN CORP COM 539830109 lmt 74.5 601 8,072 4,768 - 3,304 LOEWS CORP COMMON STOCK USD.01 COM 540424108 l 33.31 319 9,574 2,197 - 7,377 LORILLARD INC COMMON STOCK USD COM 544147101 lo 71.98 3,057 42,466 170 741 41,555 LOWES COMPANIES INC COM 548661107 low 20.42 20,739 1,015,598 219,409 258,285 537,904 LUBRIZOL CORP COMMON STOCK NPV COM 549271104 lz 80.31 3,002 37,375 - - 37,375 MACK CALI REALTY CORP REIT USD COM 554489104 cli 29.73 2,488 83,680 380 - 83,300 MARATHON OIL CORP COM 565849106 mro 31.09 550 17,682 8,990 - 8,692 MATTEL INC COM COM 577081102 mat 21.16 6,054 286,111 13,370 2,576 270,165 MCAFEE INC COM 579064106 mfe 30.72 236 7,675 7,675 - - MCDERMOTT INTL INC COMMON STOC COM 580037109 mdr 21.66 5,448 251,520 580 2,455 248,485 MEDICAL PROPERTIES TRUST REIT COM 58463J304 mpw 9.44 17,771 1,882,559 218,675 32,684 1,631,200 MEDNAX INC COM 58502B106 md 55.61 25,657 461,371 68,550 6,921 385,900 MERCK + CO. INC. COMMON STOCK COM 58933Y105 mrk 34.97 331 9,451 2,088 - 7,363 METLIFE INC COMMON STOCK USD.0 COM 59156R108 met 37.76 308 8,162 1,817 - 6,345 MFA FINANCIAL INC REIT USD.01 COM 55272X102 mfa 7.4 3,049 411,975 - - 411,975 MICRON TECHNOLOGY INC COMMON S COM 595112103 mu 8.49 225 26,519 - - 26,519 MICROSEMI CORPORATION COM 595137100 mscc 14.63 28,218 1,928,783 270,600 27,433 1,630,750 MICROSOFT CORP COM 594918104 msft 23.01 14,734 640,328 87,544 178,760 374,024 MOLSON COOR BREW CO CL B COM 60871r209 tap 42.36 2,947 69,574 280 1,216 68,078 MURPHY OIL CORP COMMON STOCK U COM 626717102 mur 49.55 242 4,894 - - 4,894 Morgan Stanley COM 617446448 ms 23.21 218 9,389 - - 9,389 N V ENERGY INC COM 67073Y106 nve 11.81 26,274 2,224,759 324,550 32,234 1,867,975 NASDAQ OMX GROUP/THE COMMON ST COM 631103108 ndaq 17.78 232 13,021 - - 13,021 NASH-FINCH COMPANY COM 631158102 nafc 34.16 24,441 715,476 104,113 10,313 601,050 NET 1 UEPS TECHS NEW COM 64107N206 ueps 13.41 20,274 1,511,892 218,187 16,617 1,277,088 NEW GOLD INC F COM 644535106 ngd 6.19 27,838 4,497,281 689,350 73,406 3,734,525 NEWELL RUBBERMAID INC COMMON S COM 651229106 nwl 14.64 265 18,092 - - 18,092 NEWFIELD EXPLORATION CO COMMON COM 651290108 nfx 48.86 5,672 116,080 260 1,105 114,715 NEWMONT MINING CORP COM 651639106 nem 61.74 11,641 188,552 29,590 52,136 106,826 NEXEN INC COMMON STOCK NPV COM 65334H102 nxy 19.67 3,648 185,475 21,282 2,590 161,603 NORFOLK SOUTHERN CORP COMMON S COM 655844108 nsc 53.05 2,813 53,021 230 991 51,800 NORTHROP GRUMMAN CORP COM 666807102 noc 54.44 18,881 346,821 56,080 81,195 209,546 NRG ENERGY INC COMMON STOCK US COM 629377508 nrg 21.21 279 13,158 - - 13,158 NUCOR CORP COMMON STOCK USD.4 COM 670346105 nue 38.28 2,491 65,082 290 1,262 63,530 NUTRI SYSTEM INC COM 67069D108 ntri 22.94 27,093 1,181,027 180,698 18,059 982,270 NextEra Energy Inc COM 65339F101 nee 48.76 277 5,690 - - 5,690 Nokia Corp-Spon ADR COM 654902204 nok 8.15 1,114 136,699 60,848 - 75,851 Nomura Hldg Inc Spons- ADR COM 65535H208 nmr 5.45 1,299 238,381 92,922 - 145,459 O M GROUP INC COM 670872100 omg 23.86 19,600 821,459 128,025 13,034 680,400 OCCIDENTAL PETE CORP COM 674599105 oxy 77.15 17,632 228,543 47,529 59,395 121,619 OMNICARE INC COMMON STOCK USD1 COM 681904108 ocr 23.7 2,519 106,306 495 1,986 103,825 ONEOK INC COMMON STOCK USD.01 COM 682680103 oke 43.25 3,061 70,775 - - 70,775 OWENS &MINOR INC HLDG CO COM 690732102 omi 28.38 27,396 965,311 148,085 14,752 802,474 OWENS ILLINOIS INC COMMON STOC COM 690768403 oi 26.45 5,234 197,895 425 1,717 195,753 PACTIV CORPORATION COMMON STOC COM 695257105 ptv 27.85 304 10,921 - - 10,921 PAN AMERICAN SILVER CP F COM 697900108 paas 25.28 30,358 1,200,858 182,425 18,758 999,675 PENGROWTH ENERGY TRUST UNIT NP COM 706902509 pgh 9.16 751 81,960 1,960 - 80,000 PFIZER INCORPORATED COM 717081103 pfe 14.26 27,636 1,938,019 395,546 495,242 1,047,231 PHILIP MORRIS INTL INC COM 718172109 pm 45.84 17,649 385,017 74,871 100,931 209,215 PITNEY BOWES INC COM 724479100 pbi 21.96 5,851 266,435 14,520 2,218 249,697 PLANTRONICS INC COM 727493108 plt 28.6 24,732 864,765 131,550 13,315 719,900 PLATINUM UNDERWRITERS F COM G7127P100 ptp 36.29 28,752 792,282 108,225 11,007 673,050 PNC FINL SERVICES GP INC COM 693475105 pnc 56.5 29,386 520,099 93,297 146,382 280,420 PPL CORPORATION COMMON STOCK U COM 69351T106 ppl 24.95 3,015 120,839 3,353 2,087 115,399 PRINCIPAL FINANCIAL GROUP COMM COM 74251V102 pfg 23.44 287 12,242 2,827 - 9,415 PROTECTIVE LIFE CORP COM 743674103 pl 21.39 31,424 1,469,075 224,630 23,319 1,221,126 PRUDENTIAL FINANCIAL INC COMMO COM 744320102 pru 53.66 312 5,806 1,261 - 4,545 PUBLIC SERVICE ENTERPRISE GP C COM 744573106 peg 31.33 361 11,531 2,215 - 9,316 Petroleo Brasileiro S/A COM 71654v408 pbr 34.32 1,130 32,935 14,695 - 18,240 Prudential PLC ADR COM 74435K204 puk 14.94 980 65,608 26,902 - 38,706 RADIOSHACK CORPORATION COM 750438103 rsh 19.51 24,604 1,261,101 193,710 19,822 1,047,569 RALCORP HOLDINGS INC COMMON ST COM 751028101 rah 54.8 2,921 53,300 - - 53,300 RAYMOND JAMES FINL INC COM 754730109 rjf 24.69 27,438 1,111,318 153,375 15,768 942,175 RAYTHEON COMPANY COMMON STOCK COM 755111507 rtn 48.39 301 6,213 1,399 - 4,814 REGIS CORP MINN COM 758932107 rgs 15.57 26,310 1,689,787 194,040 20,847 1,474,900 RELIANCE STEEL + ALUMINUM COMM COM 759509102 rs 36.15 2,487 68,800 - - 68,800 REYNOLDS AMERICAN INC COM 761713106 rai 52.12 407 7,806 2,712 - 5,094 RINO INTERNATIONAL CORP COM 766883102 rino 12.51 16,225 1,296,939 198,482 22,061 1,076,396 ROWAN COMPANIES INC COMMON STO COM 779382100 rdc 21.94 207 9,447 - - 9,447 RPM INTERNATIONAL INC DELAWARE COM 749685103 rpm 17.84 25,112 1,407,649 221,775 21,849 1,164,025 RUDDICK CORP COM COM 781258108 rdk 30.99 8,254 266,351 40,954 1,987 223,410 RYANAIR HLDGS PLC ADR COM 783513104 ryaay 27.09 1,069 39,479 16,320 - 23,159 RYDER SYSTEM INC COM 783549108 r 40.23 23,320 579,655 90,700 9,455 479,500 Royal Dutch Shell PLC-ADR A COM 780259206 rds/a 50.22 1,290 25,686 10,213 - 15,473 SANDERSON FARMS INC COMMON STO COM 800013104 safm 50.74 2,926 57,675 - - 57,675 SCOTTS MIRACLE GRO CO COM 810186106 smg 44.41 27,014 608,296 92,675 9,446 506,175 SEASPAN CORP COM Y75638109 ssw 10 813 81,262 33,173 - 48,089 SECTOR SPDR FINANCIAL COM 81369y605 xlf 13.81 310 22,445 22,445 - - SEMPRA ENERGY COMMON STOCK NPV COM 816851109 sre 46.79 258 5,511 - - 5,511 SENIOR HOUSING PROP TRUST REIT COM 81721M109 snh 20.11 2,751 136,817 585 2,557 133,675 SILVER WHEATON CORP COM 828336107 slw 20.1 4,228 210,349 36,487 2,711 171,151 SK TELECOM ADR COM 78440P108 skm 14.73 1,319 89,533 37,864 - 51,669 SLM CORP COMMON STOCK USD.2 COM 78442P106 slm 10.39 228 21,965 - - 21,965 SM ENERGY CO COM 78454L100 sm 40.16 24,246 603,729 91,780 9,324 502,625 SMITH-NPHW PLC SPADR NEW COM 83175M205 snn 47 1,094 23,278 9,287 - 13,991 SONIC CORP COM 835451105 sonc 7.75 22,793 2,941,080 446,785 45,135 2,449,160 SPIRIT AEROSYSTEMS HOLD CL A C COM 848574109 spr 19.06 2,954 155,000 - - 155,000 STAPLES INC COM 855030102 spls 19.05 22,876 1,200,854 276,074 301,760 623,020 STERIS CORP COM 859152100 ste 31.08 26,864 864,336 131,625 13,411 719,300 SUNTRUST BANKS INC COM 867914103 sti 23.3 9,913 425,468 44,816 92,202 288,450 SUPERIOR ENERGY SERVICES COM 868157108 spn 18.67 28,107 1,505,459 214,935 21,774 1,268,750 SUPERVALU INC DEL COM COM 868536103 svu 10.84 2,645 243,958 23,445 3,956 216,557 SYMANTEC CORP COMMON STOCK USD COM 871503108 symc 13.88 2,805 202,124 5,758 3,485 192,881 SYNAPTICS INC COM 87157D109 syna 27.5 28,383 1,032,123 140,500 13,948 877,675 SYNOPSYS INC COMMON STOCK USD. COM 871607107 snps 20.87 5,641 270,284 570 2,514 267,200 Sanofi-Aventis-ADR COM 80105N105 sny 30.06 1,123 37,356 16,164 - 21,192 Ship Finance Intl Ltd COM g81075106 sfl 17.88 621 34,727 17,627 - 17,100 Siemens AG ADR COM 826197501 si 89.53 1,072 11,969 4,912 - 7,057 StatoilHydro ASA COM 85771p102 sto 19.15 1,002 52,302 23,218 - 29,084 TECO ENERGY INC COM 872375100 te 15.07 25,930 1,720,605 270,475 27,230 1,422,900 TELEFLEX INCORPORATED COM 879369106 tfx 54.28 27,117 499,579 73,925 7,204 418,450 TERADYNE INC COMMON STOCK USD. COM 880770102 ter 9.75 2,937 301,270 - - 301,270 TESORO CORPORATION COM 881609101 tso 11.67 23,073 1,977,140 318,489 31,841 1,626,810 TEXAS INSTRUMENTS INC COMMON S COM 882508104 txn 23.28 262 11,238 - - 11,238 TEXTAINER GROUP HOLDINGS LTD C COM G8766E109 tgh 24.14 3,188 132,050 - - 132,050 THOMPSON CREEK METALS F COM 884768102 tc 8.68 18,723 2,157,036 332,825 34,011 1,790,200 TIDEWATER INC COMMON STOCK USD COM 886423102 tdw 38.72 4,876 125,928 280 1,173 124,475 TORCHMARK CORP COMMON STOCK US COM 891027104 tmk 49.51 254 5,139 - - 5,139 TRANSOCEAN LTD COM h8817h100 rig 46.33 1,548 33,407 7,439 1,088 24,880 TRAVELERS COS INC/THE COMMON S COM 89417E109 trv 49.25 322 6,548 1,450 - 5,098 TUTOR PERINI CORP COM 901109108 tpc 16.48 25,133 1,525,073 210,657 21,297 1,293,119 Total SA ADR COM 89151E109 tot 44.64 1,073 24,046 10,512 - 13,534 U S BANCORP DEL NEW COM 902973304 usb 22.35 16,583 741,987 127,378 201,461 413,148 UNILEVER PLC NEW ADR COM 904767704 ul 26.73 1,290 48,262 19,303 - 28,959 UNITED TECHNOLOGIES CORP COM 913017109 utx 64.91 19,592 301,831 65,346 77,805 158,680 UNITEDHEALTH GROUP INC COM 91324p102 unh 28.4 19,174 675,150 147,718 164,684 362,748 UNIVERSAL CORP VA COM 913456109 uvv 39.68 25,835 651,094 99,100 9,736 542,258 UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 unm 21.7 241 11,102 - - 11,102 VALERO ENERGY CORP NEW COM 91913y100 vlo 17.98 7,687 427,520 93,973 107,340 226,207 VECTOR GROUP LTD COM 92240M108 vgr 16.82 27,734 1,648,887 255,561 24,656 1,368,670 VECTREN CORP COM 92240G101 vvc 23.66 25,304 1,069,472 150,600 16,347 902,525 VERISIGN INC COMMON STOCK USD. COM 92343E102 vrsn 26.55 3,517 132,450 - - 132,450 VERIZON COMMUNICATIONS COM 92343v104 vz 28.02 15,341 547,512 75,987 172,880 298,645 VF CORP COMMON STOCK USD1.0 COM 918204108 vfc 71.18 2,565 36,042 155 687 35,200 VODAFONE GROUP PLC SP ADR ADR COM 92857W209 vod 20.67 1,269 61,386 26,698 - 34,688 Viacom Inc B (Non Vtg) COM 92553P201 via/b 31.37 250 7,955 - - 7,955 W & T OFFSHORE INC COM 92922P106 wti 9.46 27,761 2,934,616 492,814 49,554 2,392,248 WADDELL & REED FINL CL A COM 930059100 wdr 21.88 24,423 1,116,241 169,595 17,078 929,568 WASHINGTON FEDERAL INC SEATTLE COM 938824109 wfsl 16.18 24,632 1,522,404 237,750 23,279 1,261,375 WEINGARTEN REALTY INVESTORS RE COM 948741103 wri 19.05 2,846 149,400 - - 149,400 WELLPOINT INC COMMON STOCK USD COM 94973V107 wlp 48.93 275 5,621 1,349 - 4,272 WELLS FARGO & CO NEW COM 949746101 wfc 25.6 32,494 1,269,281 276,690 341,923 650,668 WESTERN DIGITAL CORP COMMON ST COM 958102105 wdc 30.16 277 9,180 2,127 - 7,053 WESTERN UN CO COM 959802109 wu 14.91 2,662 178,554 15,559 3,145 159,850 WHIRLPOOL CORP COMMON STOCK US COM 963320106 whr 87.82 2,338 26,628 130 528 25,970 WINDSTREAM CORP COMMON STOCK U COM 97381W104 win 10.56 2,657 251,631 4,780 4,811 242,040 WOLVERINE WORLD WIDE INC COM 978097103 www 25.22 25,018 991,979 151,275 14,854 825,850 XEROX CORP COMMON STOCK USD1.0 COM 984121103 xrx 8.04 227 28,205 - - 28,205 Xilinx Inc COM 983919101 xlnx 25.26 2,697 106,755 505 2,050 104,200 YAMANA GOLD INC COM 98462y100 auy 10.3 4,054 393,613 64,019 5,054 324,540 ZIMMER HOLDINGS INC COM 98956p102 zmh 54.05 15,519 287,118 33,547 66,018 187,553 FANNIE MAE PREFERRED STOCK 05/ CONVERTIBLE PREFFERED 313586745 313586745 0.52 780 1,500,000 - - 1,500,000 HARTFORD FINL SVCS GRP PREFERRED STOCK PREFFERED STOCK 416515708 416515708 23.14 19 80,000 - - 80,000 FORD MOTOR COMPANY 4.25% 11/15/2016 CONVERTIBLE BONDS 345370CN8 345370cn8 124.63 2,493 2,000,000 - - 2,000,000 HERCULES OFFSHORE,INC. 06/38 FIXED 3.375 CONVERTIBLE BONDS 427093AD1 427093ad1 67.5 1,350 2,000,000 - - 2,000,000
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 340 Form 13F Information Table Value Total: 3,829,421 List of Other Included Managers: N/A Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. Not Applicable