0001140361-12-007935.txt : 20120214 0001140361-12-007935.hdr.sgml : 20120214 20120214141724 ACCESSION NUMBER: 0001140361-12-007935 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DREMAN VALUE MANAGEMENT L L C CENTRAL INDEX KEY: 0001055282 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06700 FILM NUMBER: 12607713 BUSINESS ADDRESS: STREET 1: DREMAN VALUE MANAGEMENT, LLC STREET 2: 777 SOUTH FLAGLER DR. STE. 800 W. TOWER CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 8009526667 MAIL ADDRESS: STREET 1: HARBORSIDE FINANCIAL CENTER STREET 2: PLAZA 10, SUITE 800 CITY: JERSEY CITY STATE: NJ ZIP: 07311 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 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 submission. Persons 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, NJ 2/14/2012 --------------------------------- --------------------------------- ---------- [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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 278 Form 13F Information Table Value Total: $ 4,422,666 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 01 28-10103 Deutsche Bank ---- -------------------- ---------------------------------------------------- 02 28-14511 American Beacon Advisors ---- -------------------- ---------------------------------------------------- 03 028-05167 MetLife Advisers, LLC ---- -------------------- ----------------------------------------------------
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- --------- 3M Company COM 88579Y101 1,280 15,661 SH SOLE 15,661 - - ABB LTD SPON ADR COM 000375204 2,815 149,502 SH SOLE 25,224 11,924 112,354 ABBOTT LABORATORIES COMMON STO COM 002824100 308 5,476 SH SOLE 5,476 - - AETNA INC NEW COM 00817y108 19,695 466,808 SH SOLE 103,194 67,363 296,251 AGL RESOURCES INC COMMON STOCK COM 001204106 3,154 74,625 SH SOLE 1,775 - 72,850 AGRIUM INC COMMON STOCK NPV COM 008916108 4,275 63,701 SH SOLE 6,624 2,827 54,250 AIRCASTLE LTD COM G0129k104 36,265 2,851,057 SH SOLE 462,504 50,336 2,338,217 ALLETE INC NEW COM 018522300 37,147 884,880 SH SOLE 144,912 15,303 724,665 ALLIANT TECHSYSTEMS INC COM 018804104 33,121 579,438 SH SOLE 95,088 8,269 476,081 ALLIED WORLD ASSUR NEW F COM H01531104 40,766 647,792 SH SOLE 104,705 10,128 532,959 ALLSTATE CORPORATION COM 020002101 16,282 594,009 SH SOLE 58,213 80,814 454,982 ALTRIA GROUP INC COM 02209s103 24,201 816,233 SH SOLE 302,760 97,397 416,076 AMDOCS LTD COMMON STOCK GBP.00 COM G02602103 2,859 100,200 SH SOLE 2,375 - 97,825 AMEREN CORP COM 023608102 5,950 179,600 SH SOLE 3,616 914 175,070 AMERICAN EXPRESS COMPANY COM 025816109 1,941 41,142 SH SOLE 41,142 - - AMERIPRISE FINANCIAL INC COMMO COM 03076C106 3,534 71,186 SH SOLE 8,706 640 61,840 AMN ELEC POWER CO COM 025537101 2,808 67,985 SH SOLE 533 702 66,750 ANADARKO PETROLEUM CORP COM 032511107 51,931 680,346 SH SOLE 146,805 98,748 434,793 APACHE CORP COM 037411105 32,014 353,428 SH SOLE 77,762 51,040 224,626 ARCH COAL INC COMMON STOCK USD COM 039380100 2,847 196,206 SH SOLE 3,129 927 192,150 ARGO GROUP INTL HLDGS F COM G0464B107 3,109 107,338 SH SOLE 2,525 - 104,813 ARRIS GROUP INC COMMON STOCK U COM 04269Q100 36,581 3,380,839 SH SOLE 526,663 49,470 2,804,706 ARROW ELECTRONICS INC COMMON S COM 042735100 6,340 169,481 SH SOLE 2,612 904 165,965 ASPEN INSURANCE HOLDINGF COM G05384105 35,965 1,357,173 SH SOLE 229,049 20,629 1,107,495 ASTRAZENECA PLC ADR F SPONSORE COM 046353108 21,414 462,615 SH SOLE 78,097 66,859 317,659 ATWOOD OCEANICS INC COM 050095108 35,718 897,662 SH SOLE 140,557 12,844 744,261 AXIS CAPITAL HOLDINGS LTD COMM COM G0692U109 6,245 195,398 SH SOLE 3,046 962 191,390 Agilent Technologies Inc COM 00846U101 2,786 79,750 SH SOLE 626 834 78,290 Amerco COM 023586100 3,319 37,550 SH SOLE 875 - 36,675 American Axle & Mfg Hldgs COM 024061103 27,740 2,804,881 SH SOLE 479,391 44,950 2,280,540 Amkor Technology Inc. COM 031652100 22,495 5,159,307 SH SOLE 901,075 85,456 4,172,776 Ascena Retail Group Inc. COM 04351g101 27,271 917,598 SH SOLE 154,381 17,213 746,004 Associated Banc Corp COM 045487105 37,423 3,350,321 SH SOLE 527,305 51,861 2,771,155 AuRico Gold Inc COM 05155c105 25,435 3,175,421 SH SOLE 534,204 59,744 2,581,473 BANCO SANT CTL HISP ADR COM 05964H105 2,759 366,921 SH SOLE 70,438 28,494 267,989 BANCORPSOUTH INC COM 059692103 20,792 1,886,750 SH SOLE 317,807 32,717 1,536,226 BANK OF AMERICA CORP COM 060505104 10,701 1,924,677 SH SOLE 493,374 45,246 1,386,057 BANK OF HAWAII CORP COM 062540109 38,066 855,599 SH SOLE 133,302 12,756 709,541 BARNES GROUP INC COM 067806109 29,920 1,240,983 SH SOLE 209,045 21,223 1,010,715 BARRICK GOLD CORPORATION COM 067901108 2,461 54,389 SH SOLE 9,182 4,380 40,827 BEST BUY CO INC COM 086516101 17,970 768,941 SH SOLE 145,598 97,517 525,826 BHP BILLITON LTD ADR F SPONSOR COM 088606108 28,832 408,209 SH SOLE 99,404 54,381 254,424 BIG LOTS INC COMMON STOCK USD. COM 089302103 5,740 152,016 SH SOLE 2,448 729 148,839 BOK FINANCIAL CORPORATION COMM COM 05561Q201 3,257 59,300 SH SOLE 1,400 - 57,900 BP PLC ADR F SPONSORED ADR 1 A COM 055622104 28,263 661,268 SH SOLE 119,747 94,539 446,982 BRINKER INTL INC COM 109641100 39,143 1,462,757 SH SOLE 223,361 21,176 1,218,220 BRINKS CO COM 109696104 36,487 1,357,413 SH SOLE 213,601 21,867 1,121,945 Banco Bilbao Vizcaya - ADR COM 05946K101 3,179 370,919 SH SOLE 70,520 28,842 271,557 Barclays PLC- ADR COM 06738E204 2,922 265,890 SH SOLE 54,896 - 210,994 Blackrock Inc COM 09247x101 17,722 99,430 SH SOLE 9,272 16,838 73,320 Brandywine Rlty Tr Sh Ben Int COM 105368203 32,737 3,446,043 SH SOLE 581,139 54,769 2,810,135 Briggs & Stratton COM 109043109 32,881 2,122,753 SH SOLE 357,834 35,008 1,729,911 C A C I INC CL A COM 127190304 29,734 531,727 SH SOLE 89,591 9,101 433,035 C B L & ASSOC PROPERTIES REIT COM 124830100 38,908 2,478,200 SH SOLE 388,782 36,251 2,053,167 CA INC COMMON STOCK USD.1 COM 12673P105 2,650 131,093 SH SOLE 1,024 1,359 128,710 CARNIVAL CORP NEW F PAIRED STK COM 143658300 14,430 442,095 SH SOLE 96,368 64,101 281,626 CARNIVAL PLC-ADR COM 14365C103 2,837 86,160 SH SOLE 14,599 6,944 64,617 CHARLES RIVER LABORATORIES COM COM 159864107 29,874 1,093,069 SH SOLE 170,524 15,685 906,860 CHESAPEAKE ENERGY CORP COM 165167107 23,324 1,046,403 SH SOLE 291,946 123,202 631,255 CHEVRON CORP COM 166764100 211 1,981 SH SOLE 1,981 - -
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- --------- CIA Vale Do Rio Doce - ADR COM 91912e105 2,724 126,973 SH SOLE 24,471 9,790 92,712 CIGNA CORP COMMON STOCK USD.25 COM 125509109 2,715 64,643 SH SOLE 2,262 631 61,750 CITIGROUP INC COM 172967424 11,381 432,579 SH SOLE 63,508 11,246 357,825 COEUR D ALENE MINES CORP COMMO COM 192108504 36,756 1,522,630 SH SOLE 239,420 22,989 1,260,221 COMERICA INC COM COM 200340107 2,664 103,262 SH SOLE 9,410 932 92,920 COMMONWEALTH REIT COM 203233101 28,159 1,692,248 SH SOLE 266,690 23,781 1,401,777 COMPUTER SCIENCES CORP COMMON COM 205363104 1,487 62,751 SH SOLE 511 730 61,510 CONOCOPHILLIPS COM 20825c104 34,327 471,076 SH SOLE 120,464 64,933 285,679 CONSTELLATION BRANDS INC A COM COM 21036P108 3,398 164,375 SH SOLE 3,850 - 160,525 CORN PRODUCTS INTL INC COM 219023108 31,025 589,932 SH SOLE 106,405 10,712 472,815 CORNING INC COMMON STOCK USD.5 COM 219350105 337 25,972 SH SOLE 25,972 - - CRANE CO COMMON STOCK USD1.0 COM 224399105 3,564 76,300 SH SOLE 1,800 - 74,500 Cabot Corp. COM 127055101 21,334 663,796 SH SOLE 111,447 10,865 541,484 Carlisle Cos Inc COM 142339100 34,060 768,860 SH SOLE 129,527 13,383 625,950 Chemical Financial Corp. COM 163731102 5,142 241,178 SH SOLE 40,535 4,593 196,050 China Mobile LTD Spn ADR COM 16941m109 2,377 49,026 SH SOLE 8,306 3,945 36,775 Cisco Systems Inc. COM 17275R102 17,242 953,641 SH SOLE 178,589 143,949 631,103 City National Corp. COM 178566105 9,577 216,769 SH SOLE 36,515 3,779 176,475 Cooper Tire And Rubber COM 216831107 35,002 2,498,362 SH SOLE 397,730 41,350 2,059,282 Covidien Plc COM g2554f113 2,545 56,535 SH SOLE 9,592 4,480 42,463 Credit Suisse Grp Spons- ADR COM 225401108 2,788 118,721 SH SOLE 22,821 9,153 86,747 Curtiss-Wright Corp. COM 231561101 34,823 985,644 SH SOLE 166,123 16,687 802,834 D S T SYSTEMS INC COM 233326107 36,834 809,183 SH SOLE 126,776 10,812 671,595 DEAN FOODS CO COMMON STOCK USD COM 242370104 2,759 246,351 SH SOLE 1,947 2,584 241,820 DEVON ENERGY CP NEW COM 25179m103 34,796 561,227 SH SOLE 115,594 82,477 363,156 DIANA SHIPPING INC F COM Y2066G104 22,544 3,013,917 SH SOLE 507,871 50,651 2,455,395 DISCOVER FINANCIAL SERVICES CO COM 254709108 2,711 112,962 SH SOLE 4,135 1,115 107,712 DUKE REALTY CORP REIT USD.01 COM 264411505 36,650 3,041,523 SH SOLE 471,288 49,181 2,521,054 Darden Restaurants Inc. COM 237194105 2,559 56,144 SH SOLE 446 578 55,120 Delhaize Le Lion S A Adr COM 29759w101 2,378 42,198 SH SOLE 6,939 3,403 31,856 Deutsche Bank AG REG COM D18190898 871 23,007 SH SOLE 16,340 6,667 - Diageo Plc Adr COM 25243Q205 2,719 31,103 SH SOLE 5,752 2,769 22,582 Donnelley (R R) & Sons Co COM 257867101 5,225 362,112 SH SOLE 5,704 1,818 354,590 Du Pont (E I) De Nemours COM 263534109 271 5,928 SH SOLE 5,928 - - EATON CORPORATION COM 278058102 29,984 688,805 SH SOLE 141,512 101,629 445,664 ELI LILLY & CO COM 532457108 951 22,876 SH SOLE 22,876 - - EMCOR GROUP INC COM 29084Q100 36,010 1,343,154 SH SOLE 226,578 20,826 1,095,750 EMERSON ELECTRIC CO COM 291011104 16,601 356,326 SH SOLE 61,939 54,923 239,464 ENDO PHARMACEUT HLDGS INC COMM COM 29264F205 3,102 89,825 SH SOLE 2,125 - 87,700 ENERGIZER HOLDINGS INC COMMON COM 29266R108 7,011 90,487 SH SOLE 1,529 393 88,565 ENERSYS COM 29275Y102 31,117 1,198,172 SH SOLE 199,220 20,418 978,534 ENSCO PLC SPON ADR ADR USD.1 COM 29358Q109 5,104 108,790 SH SOLE 9,469 4,835 94,486 ENTERTAINMENT PPTYS TR COM SH COM 29380T105 3,202 73,250 SH SOLE 1,700 - 71,550 ESTERLINE TECH CORP COM 297425100 31,704 566,442 SH SOLE 95,700 7,954 462,788 East West Bancorp Inc. COM 27579R104 22,564 1,142,485 SH SOLE 164,178 16,457 961,850 Encana Corp COM 292505104 737 39,782 SH SOLE 39,782 - - Energen Corp Com COM 29265N108 33,165 663,305 SH SOLE 105,956 11,270 546,079 Eni S P A Sponsored ADR COM 26874r108 3,141 76,117 SH SOLE 14,766 6,193 55,158 Everest Reins Hldgs COM g3223r108 3,462 41,175 SH SOLE 950 - 40,225 FEDEX CORPORATION COM 31428x106 18,741 224,411 SH SOLE 45,034 33,505 145,872 FIFTH THIRD BANCORP COM 316773100 22,351 1,757,142 SH SOLE 304,515 224,186 1,228,441 FIRSTMERIT CORP COM 337915102 33,615 2,221,725 SH SOLE 374,427 36,759 1,810,539 FISERV INC COMMON STOCK USD.01 COM 337738108 2,831 48,195 SH SOLE 375 500 47,320 FULTON FINANCIAL CORP COM 360271100 39,132 3,989,040 SH SOLE 626,413 59,362 3,303,265 GENERAL CABLE CP DE NEW COM 369300108 35,340 1,413,049 SH SOLE 205,291 20,934 1,186,824 GENERAL ELECTRIC COMPANY COM 369604103 27,859 1,555,501 SH SOLE 346,867 223,439 985,195 GEO GROUP INC COM 36159R103 25,789 1,539,644 SH SOLE 259,511 25,404 1,254,729 GOLDMAN SACHS GROUP INC COM 38141g104 11,245 124,347 SH SOLE 15,303 20,116 88,928 Gap Inc. Co. COM 364760108 3,119 168,163 SH SOLE 17,749 1,574 148,840 Glacier Bancorp New Com COM 37637Q105 3,911 325,144 SH SOLE 54,704 6,287 264,153
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- --------- H.B. Fuller Co. COM 359694106 15,085 652,766 SH SOLE 87,779 11,186 553,801 HANESBRANDS INC COM 410345102 31,844 1,456,736 SH SOLE 229,684 22,502 1,204,550 HANOVER INSURANCE GROUP COM 410867105 28,560 817,166 SH SOLE 137,876 12,620 666,670 HARRIS CORP COMMON STOCK USD1. COM 413875105 2,479 68,796 SH SOLE 542 744 67,510 HARTFORD FINL SVCS GRP COM 416515104 19,604 1,206,380 SH SOLE 176,986 131,039 898,355 HEALTHSPRING INC COM 42224N101 33,096 606,823 SH SOLE 94,235 8,061 504,527 HELEN OF TROY LTD F COM G4388N106 35,818 1,166,702 SH SOLE 196,760 18,082 951,860 HOSPITALITY PPTYS TRUST BENEFI COM 44106M102 37,697 1,640,446 SH SOLE 231,520 23,351 1,385,575 HSBC Hldgs PLC Spons-ADR COM 404280406 2,674 70,178 SH SOLE 13,463 5,332 51,383 HUBBELL INC CL B PAR .01 COM 443510201 3,931 58,800 SH SOLE 1,375 - 57,425 Hancock Hldg Co Com COM 410120109 32,224 1,007,952 SH SOLE 169,888 16,894 821,170 Harsco Corp Com COM 415864107 29,996 1,457,522 SH SOLE 245,763 23,209 1,188,550 Huntsman Corp COM 447011107 16,809 1,680,911 SH SOLE 260,265 29,613 1,391,033 IAMgold Corporation COM 450913108 2,573 162,325 SH SOLE 3,850 - 158,475 IDACORP INCORPORATED COM 451107106 30,210 712,331 SH SOLE 120,004 12,166 580,161 ING GP NV SPSD ADR COM 456837103 3,056 426,219 SH SOLE 80,980 33,079 312,160 INTL SPEEDWAY CL A COM 460335201 33,260 1,312,042 SH SOLE 204,252 20,080 1,087,710 ITT CORP COMMON STOCK USD1.0 COM 450911201 29,604 1,531,519 SH SOLE 258,085 25,859 1,247,575 Independent Bk Cp Mass Com COM 453836108 4,204 154,050 SH SOLE 25,871 2,904 125,275 Ingersoll Rand Plc COM g47791101 3,107 101,981 SH SOLE 10,439 952 90,590 Intel Corp COM 458140100 17,633 727,137 SH SOLE 137,356 111,419 478,362 International Bncshrs Com COM 459044103 4,743 258,662 SH SOLE 43,527 4,809 210,326 J2 Global Inc. COM 48123v102 31,616 1,123,510 SH SOLE 189,317 18,894 915,299 JABIL CIRCUIT INC COM 466313103 3,331 169,425 SH SOLE 3,950 - 165,475 JAKKS PACIFIC INC COM 47012E106 18,474 1,309,319 SH SOLE 220,667 18,062 1,070,590 JAMES RIVER COAL CO COM 470355207 11,794 1,704,385 SH SOLE 298,670 27,474 1,378,241 JARDEN CORP COM 471109108 35,114 1,175,174 SH SOLE 198,299 18,105 958,770 JDA Software Group Inc. COM 46612K108 31,894 984,678 SH SOLE 166,035 15,950 802,693 JPMORGAN CHASE & CO COM 46625h100 19,129 575,306 SH SOLE 158,921 77,113 339,272 KB Financial Group Inc-ADR COM 48241a105 2,682 85,590 SH SOLE 16,421 6,715 62,454 KLA-TENCOR Corp COM 482480100 6,314 130,862 SH SOLE 2,109 653 128,100 Keycorp COM 493267108 1,161 150,960 SH SOLE 150,960 - - L 3 COMMUNICATIONS HLDGS INC C COM 502424104 3,094 46,403 SH SOLE 4,515 458 41,430 LEXMARK INTL INC CL A CLASS A COM 529771107 31,846 962,976 SH SOLE 147,883 15,046 800,047 LIFEPOINT HOSPITALS INC COM 53219L109 33,106 891,135 SH SOLE 136,992 13,238 740,905 LIFETIME FITNESS COM 53217R207 33,499 716,566 SH SOLE 113,506 11,329 591,731 LINCOLN NATIONAL CORP COMMON S COM 534187109 2,877 148,127 SH SOLE 1,159 1,528 145,440 LORILLARD INC COMMON STOCK USD COM 544147101 2,849 24,989 SH SOLE 197 252 24,540 LOWES COMPANIES INC COM 548661107 20,062 790,461 SH SOLE 191,774 111,223 487,464 Lakeland Financial Corp. COM 511656100 4,909 189,742 SH SOLE 31,942 3,600 154,200 Lear Corp. COM 521865204 2,689 67,553 SH SOLE 525 698 66,330 MACK CALI REALTY CORP REIT USD COM 554489104 2,795 104,724 SH SOLE 823 1,091 102,810 MARATHON OIL CORP COM 565849106 3,681 125,766 SH SOLE 10,847 1,219 113,700 MATTEL INC COM COM 577081102 6,556 236,182 SH SOLE 3,953 1,064 231,165 MEREDITH CORP COM 589433101 37,761 1,156,546 SH SOLE 179,349 17,392 959,805 METLIFE INC COMMON STOCK USD.0 COM 59156R108 14,659 470,157 SH SOLE 55,748 76,920 337,489 MFA FINANCIAL INC REIT USD.01 COM 55272X102 2,836 421,950 SH SOLE 9,975 - 411,975 MICROSEMI CORPORATION COM 595137100 31,428 1,876,318 SH SOLE 293,265 27,008 1,556,045 MICROSOFT CORP COM 594918104 17,623 678,860 SH SOLE 122,138 102,942 453,780 MINEFINDERS CORP COM 602900102 10,275 969,314 SH SOLE 163,412 15,784 790,118 MOLSON COOR BREW CO CL B COM 60871r209 2,722 62,520 SH SOLE 498 642 61,380 Mantech International Corp. - COM 564563104 2,740 87,700 SH SOLE 2,075 - 85,625 N V ENERGY INC COM 67073Y106 32,518 1,988,849 SH SOLE 326,630 33,709 1,628,510 NASDAQ OMX GROUP/THE COMMON ST COM 631103108 3,181 129,779 SH SOLE 1,027 1,392 127,360 NBT Bancorp COM 628778102 4,806 217,191 SH SOLE 36,575 4,083 176,533 NCR Corp COM 62886E108 33,404 2,029,384 SH SOLE 288,244 31,098 1,710,042 NEWMONT MINING CORP COM 651639106 9,402 156,675 SH SOLE 21,074 25,101 110,500 NEXEN INC COMMON STOCK NPV COM 65334H102 4,942 310,615 SH SOLE 25,472 13,196 271,947 NORFOLK SOUTHERN CORP COMMON S COM 655844108 2,902 39,831 SH SOLE 312 409 39,110 NORTHROP GRUMMAN CORP COM 666807102 19,587 334,935 SH SOLE 52,302 45,651 236,982
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- --------- NUCOR CORP COMMON STOCK USD.4 COM 670346105 2,658 67,166 SH SOLE 521 665 65,980 Nabors Industries Ltd. COM G6359F103 3,771 217,450 SH SOLE 21,575 - 195,875 Nippon Teleg Adr COM 654624105 2,579 101,802 SH SOLE 17,992 8,356 75,454 Nomura Hldg Inc Spons- ADR COM 65535H208 2,102 705,454 SH SOLE 118,791 56,044 530,619 O M GROUP INC COM 670872100 22,548 1,007,060 SH SOLE 169,807 16,238 821,015 OCCIDENTAL PETE CORP COM 674599105 18,100 193,175 SH SOLE 42,065 27,927 123,183 OWENS &MINOR INC HLDG CO COM 690732102 31,608 1,137,370 SH SOLE 174,460 18,605 944,305 OWENS ILLINOIS INC COMMON STOC COM 690768403 4,296 221,693 SH SOLE 3,484 1,104 217,105 Olin Corp COM 680665205 32,272 1,642,316 SH SOLE 276,952 26,089 1,339,275 Omega Healthcare Investors COM 681936100 34,747 1,795,694 SH SOLE 302,764 28,980 1,463,950 Oshkosh Truck Corp. COM 688239201 5,118 239,369 SH SOLE 3,998 1,061 234,310 PFIZER INCORPORATED COM 717081103 21,039 972,242 SH SOLE 213,178 141,060 618,004 PHILIP MORRIS INTL INC COM 718172109 20,794 264,955 SH SOLE 56,464 39,930 168,561 PITNEY BOWES INC COM 724479100 5,550 299,351 SH SOLE 19,318 1,403 278,630 PLANTRONICS INC COM 727493108 34,598 970,764 SH SOLE 163,463 16,971 790,330 PLATINUM UNDERWRITERS F COM G7127P100 32,255 945,617 SH SOLE 159,454 15,306 770,857 PMC SIERRA INC COM 69344F106 31,554 5,726,670 SH SOLE 898,607 83,348 4,744,715 PNC FINL SERVICES GP INC COM 693475105 26,208 454,442 SH SOLE 91,811 67,179 295,452 PPL CORPORATION COMMON STOCK U COM 69351T106 2,959 100,572 SH SOLE 11,416 931 88,225 PROTECTIVE LIFE CORP COM 743674103 31,046 1,376,155 SH SOLE 231,533 25,631 1,118,991 PartnerRe Ltd. COM G6852T105 3,202 49,864 SH SOLE 397 516 48,951 Pennsylvania Rl Est Tr Sh Ben COM 709102107 26,381 2,526,920 SH SOLE 465,306 44,769 2,016,845 Perkinelmer Inc. COM 714046109 30,513 1,525,635 SH SOLE 270,056 24,754 1,230,825 Petroleo Brasileiro S/A COM 71654v408 2,759 111,023 SH SOLE 21,224 8,627 81,172 Portland General Electric COM 736508847 38,427 1,519,443 SH SOLE 229,456 21,943 1,268,044 Prosperity Bancshares Inc. COM 743606105 20,435 506,454 SH SOLE 84,790 12,162 409,502 Prudential PLC ADR COM 74435K204 2,810 142,337 SH SOLE 23,811 11,158 107,368 Qlogic Corp. COM 747277101 30,486 2,032,419 SH SOLE 342,639 33,112 1,656,668 RAYMOND JAMES FINL INC COM 754730109 3,317 107,125 SH SOLE 2,525 - 104,600 RELIANCE STEEL + ALUMINUM COMM COM 759509102 3,430 70,450 SH SOLE 1,650 - 68,800 ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 2,950 40,355 SH SOLE 8,062 3,308 28,985 RYDER SYSTEM INC COM 783549108 38,160 718,101 SH SOLE 121,028 11,823 585,250 Rock-Tenn COM 772739207 6,230 107,964 SH SOLE 1,722 537 105,705 Royal BK Scotland Group COM 780097689 77 12,049 SH SOLE 12,049 - - SEASPAN CORP COM Y75638109 1,849 135,175 SH SOLE 29,577 12,167 93,431 SECTOR SPDR FINANCIAL COM 81369y605 3,794 291,810 SH SOLE 21,310 270,500 - SEMPRA ENERGY COMMON STOCK NPV COM 816851109 2,923 53,149 SH SOLE 424 555 52,170 SENIOR HOUSING PROP TRUST REIT COM 81721M109 2,648 117,996 SH SOLE 928 1,223 115,845 SK TELECOM ADR COM 78440P108 2,509 184,386 SH SOLE 35,486 14,262 134,638 SMITH-NPHW PLC SPADR NEW COM 83175M205 2,934 60,929 SH SOLE 10,242 4,803 45,884 SONIC CORP COM 835451105 23,325 3,465,858 SH SOLE 584,458 55,477 2,825,923 SPIRIT AEROSYSTEMS HOLD CL A C COM 848574109 2,919 140,475 SH SOLE 3,325 - 137,150 SPX Corp. COM 784635104 40,709 675,452 SH SOLE 105,086 10,166 560,200 STAPLES INC COM 855030102 23,050 1,659,484 SH SOLE 448,189 193,643 1,017,652 STERIS CORP COM 859152100 29,119 976,476 SH SOLE 164,615 16,026 795,835 SUMITOMO MITSUI-SPONS ADR COM 86562M209 2,892 524,860 SH SOLE 88,622 41,997 394,241 SUNTRUST BANKS INC COM 867914103 17,689 999,392 SH SOLE 102,992 143,387 753,013 SUPERIOR ENERGY SERVICES COM 868157108 32,578 1,145,506 SH SOLE 174,421 16,315 954,770 SYMANTEC CORP COMMON STOCK USD COM 871503108 3,259 208,212 SH SOLE 18,825 1,956 187,431 SYNAPTICS INC COM 87157D109 21,584 715,885 SH SOLE 112,675 4,679 598,531 SYNOPSYS INC COMMON STOCK USD. COM 871607107 6,602 242,726 SH SOLE 4,107 1,032 237,587 Sanofi-ADR COM 80105N105 2,961 81,048 SH SOLE 15,912 6,625 58,511 Siemens AG ADR COM 826197501 2,939 30,739 SH SOLE 5,849 2,342 22,548 StatoilHydro ASA COM 85771p102 3,016 117,762 SH SOLE 23,563 9,692 84,507 TATA MTRS LTD SPONSORED ADR COM 876568502 2,709 160,268 SH SOLE 29,372 13,940 116,956 TCF Financial Corp. Com COM 872275102 7,891 764,630 SH SOLE 128,679 13,787 622,164 TECO ENERGY INC COM 872375100 30,063 1,570,687 SH SOLE 269,124 29,918 1,271,645 TELEFLEX INCORPORATED COM 879369106 34,507 563,008 SH SOLE 86,417 8,496 468,095 TERADYNE INC COMMON STOCK USD. COM 880770102 2,677 196,400 SH SOLE 4,625 - 191,775 TESORO CORPORATION COM 881609101 33,112 1,417,471 SH SOLE 231,752 24,075 1,161,644
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- --------- TEXTAINER GROUP HOLDINGS LTD C COM G8766E109 2,967 101,900 SH SOLE 2,400 - 99,500 THE JONES GROUP INC COM 48020T101 31,340 2,970,592 SH SOLE 465,398 43,247 2,461,947 THOMPSON CREEK METALS F COM 884768102 20,010 2,874,950 SH SOLE 509,205 45,570 2,320,175 TRANSOCEAN LTD COM h8817h100 1,858 48,389 SH SOLE 6,416 443 41,530 TUTOR PERINI CORP COM 901109108 27,766 2,250,096 SH SOLE 355,833 37,186 1,857,077 Telefonica SA Spain ADR COM 879382208 2,530 147,207 SH SOLE 24,691 11,678 110,838 Teva Pharmaceutical Industries COM 881624209 3,115 77,183 SH SOLE 14,382 5,986 56,815 Thomson Reuters Corp COM 884903105 295 11,060 SH SOLE 11,060 - - Total SA ADR COM 89151E109 3,045 59,573 SH SOLE 11,080 4,591 43,902 U S BANCORP DEL NEW COM 902973304 17,132 633,353 SH SOLE 107,572 97,536 428,245 UBS AG COM h89231338 2,290 193,560 SH SOLE 6,620 20,597 166,343 UNILEVER PLC NEW ADR COM 904767704 2,718 81,076 SH SOLE 14,267 6,728 60,081 UNITED TECHNOLOGIES CORP COM 913017109 19,365 264,954 SH SOLE 59,639 37,902 167,413 UNITEDHEALTH GROUP INC COM 91324p102 29,281 577,758 SH SOLE 126,224 83,726 367,808 UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 2,719 129,025 SH SOLE 3,025 - 126,000 URS CORP COMMON STOCK USD.01 COM 903236107 5,632 160,365 SH SOLE 2,567 758 157,040 Ultra Petroleum Corp COM 903914109 4,978 168,007 SH SOLE 2,784 755 164,468 Umpqua Holdings Corp. COM 904214103 4,610 372,111 SH SOLE 62,603 7,183 302,325 VALERO ENERGY CORP NEW COM 91913y100 10,514 499,477 SH SOLE 88,969 53,649 356,859 VECTREN CORP COM 92240G101 32,253 1,066,927 SH SOLE 178,012 20,125 868,790 VODAFONE GROUP PLC SP ADR ADR COM 92857W209 2,776 99,019 SH SOLE 17,439 7,987 73,593 W & T OFFSHORE INC COM 92922P106 34,495 1,626,359 SH SOLE 274,242 26,242 1,325,875 WADDELL & REED FINL CL A COM 930059100 29,045 1,172,597 SH SOLE 197,698 19,111 955,788 WASHINGTON FEDERAL INC SEATTLE COM 938824109 33,144 2,369,155 SH SOLE 399,563 37,772 1,931,820 WASTE MANAGEMENT INC COM 94106l109 2,998 91,645 SH SOLE 723 952 89,970 WEINGARTEN REALTY INVESTORS RE COM 948741103 3,338 152,975 SH SOLE 3,575 - 149,400 WELLS FARGO & CO NEW COM 949746101 30,362 1,101,655 SH SOLE 259,590 156,146 685,919 WESTERN UN CO COM 959802109 3,072 168,247 SH SOLE 1,314 1,673 165,260 WHIRLPOOL CORP COMMON STOCK US COM 963320106 4,275 90,102 SH SOLE 6,694 413 82,995 WOLVERINE WORLD WIDE INC COM 978097103 30,387 852,619 SH SOLE 143,728 14,056 694,835 Websense Inc. COM 947684106 6,664 355,769 SH SOLE 58,464 16,890 280,415 Webster Finl Corp Waterbury COM 947890109 16,007 785,052 SH SOLE 109,119 10,696 665,237 WesBanco Inc. COM 950810101 3,861 198,310 SH SOLE 33,360 3,690 161,260 Wintrust Finl Corp Com COM 97650W108 27,903 994,775 SH SOLE 167,653 16,705 810,417 Worthington Industries Inc COM 981811102 31,220 1,905,960 SH SOLE 321,215 31,854 1,552,891 YAMANA GOLD INC COM 98462y100 5,850 398,263 SH SOLE 49,537 15,113 333,613 ZIMMER HOLDINGS INC COM 98956p102 20,290 379,813 SH SOLE 37,219 51,103 291,491 Zions Bancorp COM 989701107 2,493 153,125 SH SOLE 3,625 - 149,500