0001140361-12-024989.txt : 20120514
0001140361-12-024989.hdr.sgml : 20120514
20120514160322
ACCESSION NUMBER: 0001140361-12-024989
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120514
DATE AS OF CHANGE: 20120514
EFFECTIVENESS DATE: 20120514
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: 12838694
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: 3/31/2012
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 5/14/2012
--------------------------------- --------------------------------- ----------
[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: 287
Form 13F Information Table Value Total: $ 4,793,588
--------------
(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 1,404 15,736 SH SOLE 15,736 - -
ABB LTD SPON ADR COM 000375204 3,444 168,761 SH SOLE 25,349 21,522 121,890
ABBOTT LABORATORIES COMMON STO COM 002824100 332 5,415 SH SOLE 5,415 - -
AETNA INC NEW COM 00817y108 22,973 458,000 SH SOLE 101,978 67,533 288,489
AGL RESOURCES INC COMMON STOCK COM 001204106 3,019 76,975 SH SOLE 1,875 - 75,100
AGRIUM INC COMMON STOCK NPV COM 008916108 7,062 81,769 SH SOLE 7,821 5,983 67,965
AIRCASTLE LTD COM G0129k104 28,564 2,333,669 SH SOLE 400,629 39,027 1,894,013
ALLETE INC NEW COM 018522300 13,171 317,444 SH SOLE 68,829 6,390 242,225
ALLIANT TECHSYSTEMS INC COM 018804104 29,284 584,281 SH SOLE 96,134 8,461 479,686
ALLIED WORLD ASSUR NEW F COM H01531104 37,978 553,049 SH SOLE 89,239 8,541 455,269
ALLSTATE CORPORATION COM 020002101 19,211 583,579 SH SOLE 56,579 81,148 445,852
ALTRIA GROUP INC COM 02209s103 24,752 801,813 SH SOLE 299,237 97,549 405,027
AMDOCS LTD COMMON STOCK GBP.00 COM G02602103 3,264 103,350 SH SOLE 2,500 - 100,850
AMEREN CORP COM 023608102 3,064 94,050 SH SOLE 3,075 - 90,975
AMERIPRISE FINANCIAL INC COMMO COM 03076C106 4,035 70,635 SH SOLE 8,155 640 61,840
AMN ELEC POWER CO COM 025537101 2,622 67,975 SH SOLE 523 702 66,750
ANADARKO PETROLEUM CORP COM 032511107 41,152 525,299 SH SOLE 130,607 75,347 319,345
APACHE CORP COM 037411105 34,787 346,345 SH SOLE 76,508 51,103 218,734
ARCH COAL INC COMMON STOCK USD COM 039380100 2,135 199,361 SH SOLE 3,234 927 195,200
ARGO GROUP INTL HLDGS F COM G0464B107 3,307 110,713 SH SOLE 2,650 - 108,063
ARRIS GROUP INC COMMON STOCK U COM 04269Q100 34,475 3,050,928 SH SOLE 481,047 45,830 2,524,051
ARROW ELECTRONICS INC COMMON S COM 042735100 6,407 152,658 SH SOLE 2,588 745 149,325
ASPEN INSURANCE HOLDINGF COM G05384105 34,089 1,220,065 SH SOLE 231,654 19,901 968,510
ASTRAZENECA PLC ADR F SPONSORE COM 046353108 20,585 462,695 SH SOLE 77,015 71,197 314,483
ATWOOD OCEANICS INC COM 050095108 34,794 775,100 SH SOLE 122,165 11,744 641,191
AXIS CAPITAL HOLDINGS LTD COMM COM G0692U109 6,355 191,602 SH SOLE 3,111 941 187,550
Agilent Technologies Inc COM 00846U101 3,285 73,800 SH SOLE 562 768 72,470
Amcol International Corp COM 02341W103 3,543 120,149 SH SOLE 19,547 4,704 95,898
Amerco COM 023586100 3,033 28,750 SH SOLE 700 - 28,050
American Axle & Mfg Hldgs COM 024061103 33,374 2,850,055 SH SOLE 503,898 46,847 2,299,310
Amkor Technology Inc. COM 031652100 32,103 5,224,215 SH SOLE 929,177 88,037 4,207,001
Applied Materials Inc COM 038222105 3,537 284,236 SH SOLE 35,988 2,598 245,650
Ascena Retail Group Inc. COM 04351g101 27,860 628,613 SH SOLE 104,367 14,107 510,139
Associated Banc Corp COM 045487105 45,806 3,281,233 SH SOLE 533,677 50,286 2,697,270
AuRico Gold Inc COM 05155c105 28,492 3,212,184 SH SOLE 531,762 57,269 2,623,153
BANCO SANT CTL HISP ADR COM 05964H105 3,169 413,106 SH SOLE 70,891 51,467 290,748
BANCORPSOUTH INC COM 059692103 25,687 1,906,964 SH SOLE 321,537 31,791 1,553,636
BANK OF AMERICA CORP COM 060505104 20,541 2,146,421 SH SOLE 483,178 313,636 1,349,607
BANK OF HAWAII CORP COM 062540109 36,770 760,498 SH SOLE 119,882 11,550 629,066
BARNES GROUP INC COM 067806109 32,831 1,247,850 SH SOLE 211,514 20,431 1,015,905
BARRICK GOLD CORPORATION COM 067901108 3,146 72,362 SH SOLE 11,438 9,691 51,233
BEST BUY CO INC COM 086516101 17,930 757,162 SH SOLE 143,966 98,472 514,724
BHP BILLITON LTD ADR F SPONSOR COM 088606108 29,388 405,913 SH SOLE 98,166 56,847 250,900
BIG LOTS INC COMMON STOCK USD. COM 089302103 6,647 154,506 SH SOLE 2,538 729 151,239
BOK FINANCIAL CORPORATION COMM COM 05561Q201 3,443 61,175 SH SOLE 1,475 - 59,700
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 28,844 640,987 SH SOLE 112,176 98,003 430,808
BRINKER INTL INC COM 109641100 40,638 1,475,056 SH SOLE 226,122 20,424 1,228,510
BRINKS CO COM 109696104 32,647 1,367,688 SH SOLE 216,245 21,093 1,130,350
Banco Bilbao Vizcaya - ADR COM 05946K101 3,338 417,775 SH SOLE 70,963 52,190 294,622
Bank Of New York Mellon Corp. COM 064058100 19,825 821,579 SH SOLE 94,435 137,975 589,169
Barclays PLC- ADR COM 06738E204 3,238 213,725 SH SOLE 42,371 - 171,354
Blackrock Inc COM 09247x101 19,919 97,212 SH SOLE 8,968 16,844 71,400
Brandywine Rlty Tr Sh Ben Int COM 105368203 33,044 2,878,434 SH SOLE 488,367 44,532 2,345,535
Briggs & Stratton COM 109043109 38,275 2,134,682 SH SOLE 362,032 33,809 1,738,841
Brocade Communications COM 111621306 23,816 4,141,969 SH SOLE 717,581 68,098 3,356,290
C A C I INC CL A COM 127190304 33,309 534,735 SH SOLE 90,679 8,746 435,310
C B L & ASSOC PROPERTIES REIT COM 124830100 37,898 2,003,084 SH SOLE 328,703 29,774 1,644,607
CA INC COMMON STOCK USD.1 COM 12673P105 3,613 131,083 SH SOLE 1,014 1,359 128,710
CARNIVAL CORP NEW F PAIRED STK COM 143658300 13,909 433,580 SH SOLE 94,959 64,430 274,191
CARNIVAL PLC-ADR COM 14365C103 3,115 97,255 SH SOLE 14,670 12,482 70,103
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
------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- ---------
CHARLES RIVER LABORATORIES COM COM 159864107 38,016 1,053,362 SH SOLE 172,720 16,237 864,405
CHESAPEAKE ENERGY CORP COM 165167107 24,911 1,075,152 SH SOLE 292,595 123,848 658,709
CHEVRON CORP COM 166764100 213 1,987 SH SOLE 1,987 - -
CIA Vale Do Rio Doce - ADR COM 91912e105 3,341 143,212 SH SOLE 24,625 18,005 100,582
CIGNA CORP COMMON STOCK USD.25 COM 125509109 3,184 64,648 SH SOLE 2,267 631 61,750
CITIGROUP INC COM 172967424 17,942 490,896 SH SOLE 61,259 81,289 348,348
COEUR D ALENE MINES CORP COMMO COM 192108504 36,422 1,534,196 SH SOLE 242,297 22,223 1,269,676
COMERICA INC COM COM 200340107 3,338 103,156 SH SOLE 9,304 932 92,920
COMMONWEALTH REIT COM 203233101 31,795 1,707,552 SH SOLE 270,027 25,258 1,412,267
COMPUTER SCIENCES CORP COMMON COM 205363104 1,878 62,731 SH SOLE 491 730 61,510
CONOCOPHILLIPS COM 20825c104 31,584 415,530 SH SOLE 114,564 57,432 243,534
CONSTELLATION BRANDS INC A COM COM 21036P108 3,720 157,700 SH SOLE 4,050 - 153,650
CORN PRODUCTS INTL INC COM 219023108 33,514 581,331 SH SOLE 105,893 10,308 465,130
CORNING INC COMMON STOCK USD.5 COM 219350105 18,307 1,300,239 SH SOLE 147,137 218,481 934,621
CRANE CO COMMON STOCK USD1.0 COM 224399105 3,817 78,700 SH SOLE 1,900 - 76,800
Cabot Corp. COM 127055101 28,494 667,624 SH SOLE 112,902 10,423 544,299
Carlisle Cos Inc COM 142339100 35,697 715,079 SH SOLE 121,292 10,930 582,857
Chemical Financial Corp. COM 163731102 8,718 371,907 SH SOLE 63,395 6,492 302,020
China Mobile LTD Spn ADR COM 16941m109 3,048 55,329 SH SOLE 8,348 7,086 39,895
Cisco Systems Inc. COM 17275R102 19,740 933,317 SH SOLE 174,798 144,200 614,319
City National Corp. COM 178566105 13,754 262,138 SH SOLE 45,123 4,260 212,755
Cooper Tire And Rubber COM 216831107 38,850 2,552,579 SH SOLE 432,135 39,837 2,080,607
Covidien Plc COM g2554f113 3,486 63,758 SH SOLE 9,639 8,053 46,066
Credit Suisse Grp Spons- ADR COM 225401108 3,808 133,581 SH SOLE 22,965 16,506 94,110
Curtiss-Wright Corp. COM 231561101 36,679 991,045 SH SOLE 168,098 16,023 806,924
D S T SYSTEMS INC COM 233326107 43,215 796,885 SH SOLE 128,374 12,106 656,405
DEAN FOODS CO COMMON STOCK USD COM 242370104 2,983 246,301 SH SOLE 1,897 2,584 241,820
DEVON ENERGY CP NEW COM 25179m103 39,115 549,988 SH SOLE 113,705 82,740 353,543
DIANA SHIPPING INC F COM Y2066G104 27,128 3,031,070 SH SOLE 513,883 49,087 2,468,100
DISCOVER FINANCIAL SERVICES CO COM 254709108 3,606 108,160 SH SOLE 4,173 1,115 102,872
DUKE REALTY CORP REIT USD.01 COM 264411505 27,932 1,947,852 SH SOLE 301,954 33,944 1,611,954
Darden Restaurants Inc. COM 237194105 2,871 56,124 SH SOLE 426 578 55,120
Delhaize Le Lion S A Adr COM 29759w101 3,504 66,619 SH SOLE 10,118 8,593 47,908
Deutsche Bank AG REG COM D18190898 1,196 24,011 SH SOLE 13,972 10,039 -
Donnelley (R R) & Sons Co COM 257867101 4,878 393,702 SH SOLE 31,894 1,818 359,990
EATON CORPORATION COM 278058102 24,746 496,599 SH SOLE 122,942 70,953 302,704
ELI LILLY & CO COM 532457108 925 22,978 SH SOLE 22,978 - -
EMCOR GROUP INC COM 29084Q100 35,284 1,272,864 SH SOLE 229,258 19,921 1,023,685
EMERSON ELECTRIC CO COM 291011104 18,200 348,800 SH SOLE 60,751 54,981 233,068
ENDO PHARMACEUT HLDGS INC COMM COM 29264F205 3,587 92,625 SH SOLE 2,225 - 90,400
ENDURANCE SPECALTY HLDGF COM G30397106 24,275 597,035 SH SOLE 102,928 11,067 483,040
ENERGIZER HOLDINGS INC COMMON COM 29266R108 5,884 79,327 SH SOLE 1,569 393 77,365
ENERSYS COM 29275Y102 33,621 970,302 SH SOLE 167,485 16,143 786,674
ENSCO PLC SPON ADR ADR USD.1 COM 29358Q109 2,977 56,250 SH SOLE 429 581 55,240
ENTERTAINMENT PPTYS TR COM SH COM 29380T105 3,504 75,550 SH SOLE 1,775 - 73,775
ESTERLINE TECH CORP COM 297425100 40,813 571,134 SH SOLE 96,896 9,075 465,163
East West Bancorp Inc. COM 27579R104 30,270 1,310,970 SH SOLE 195,888 18,127 1,096,955
Encana Corp COM 292505104 783 39,857 SH SOLE 39,857 - -
Energen Corp Com COM 29265N108 29,894 608,229 SH SOLE 105,392 10,853 491,984
Eni S P A Sponsored ADR COM 26874r108 3,505 74,853 SH SOLE 13,070 9,616 52,167
Everest Reins Hldgs COM g3223r108 3,930 42,475 SH SOLE 1,000 - 41,475
FEDERATED INVESTORS INC CL B C COM 314211103 26,616 1,187,705 SH SOLE 207,577 21,948 958,180
FEDEX CORPORATION COM 31428x106 20,218 219,858 SH SOLE 44,336 33,491 142,031
FIFTH THIRD BANCORP COM 316773100 24,576 1,749,837 SH SOLE 322,440 224,417 1,202,980
FIRSTMERIT CORP COM 337915102 33,529 1,988,679 SH SOLE 340,791 32,944 1,614,944
FISERV INC COMMON STOCK USD.01 COM 337738108 3,344 48,195 SH SOLE 375 500 47,320
FULTON FINANCIAL CORP COM 360271100 42,207 4,019,746 SH SOLE 634,124 57,232 3,328,390
First Midwest Bancorp, Inc. COM 320867104 10,306 860,287 SH SOLE 148,328 14,569 697,390
GENERAL CABLE CP DE NEW COM 369300108 35,242 1,211,893 SH SOLE 177,072 18,092 1,016,729
GENERAL ELECTRIC COMPANY COM 369604103 21,596 1,076,029 SH SOLE 297,715 147,268 631,046
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
------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- ---------
GEO GROUP INC COM 36159R103 29,759 1,565,454 SH SOLE 262,517 24,593 1,278,344
GOLDMAN SACHS GROUP INC COM 38141g104 18,769 150,911 SH SOLE 16,873 25,424 108,614
Gap Inc. Co. COM 364760108 3,268 125,006 SH SOLE 964 1,292 122,750
Glacier Bancorp New Com COM 37637Q105 7,203 482,122 SH SOLE 81,814 7,830 392,478
HALLIBURTON CO COMMON STOCK US COM 406216101 14,723 443,583 SH SOLE 50,604 74,580 318,399
HANESBRANDS INC COM 410345102 36,615 1,239,495 SH SOLE 197,361 19,949 1,022,185
HANOVER INSURANCE GROUP COM 410867105 33,933 825,225 SH SOLE 137,250 13,145 674,830
HARRIS CORP COMMON STOCK USD1. COM 413875105 3,101 68,786 SH SOLE 532 744 67,510
HARTFORD FINL SVCS GRP COM 416515104 25,136 1,192,422 SH SOLE 173,783 131,497 887,142
HELEN OF TROY LTD F COM G4388N106 37,746 1,109,849 SH SOLE 198,705 17,464 893,680
HEWLETT PACKARD CO COMMON STOC COM 428236103 17,160 720,087 SH SOLE 84,031 121,423 514,633
HOSPITALITY PPTYS TRUST BENEFI COM 44106M102 42,422 1,602,649 SH SOLE 234,187 22,357 1,346,105
HSBC Hldgs PLC Spons-ADR COM 404280406 3,502 78,888 SH SOLE 13,548 9,595 55,745
HUBBELL INC CL B PAR .01 COM 443510201 3,660 46,575 SH SOLE 1,450 - 45,125
Hancock Hldg Co Com COM 410120109 35,992 1,013,582 SH SOLE 171,935 16,237 825,410
Huntsman Corp COM 447011107 23,734 1,694,086 SH SOLE 263,468 28,545 1,402,073
IAMgold Corporation COM 450913108 2,225 167,425 SH SOLE 4,050 - 163,375
IDACORP INCORPORATED COM 451107106 29,452 716,248 SH SOLE 121,404 11,708 583,136
ING GP NV SPSD ADR COM 456837103 3,076 369,769 SH SOLE 66,323 47,241 256,205
INTL SPEEDWAY CL A COM 460335201 36,690 1,322,150 SH SOLE 206,759 19,166 1,096,225
ITT CORP COMMON STOCK USD1.0 COM 450911201 35,331 1,540,151 SH SOLE 261,085 25,056 1,254,010
Independent Bk Cp Mass Com COM 453836108 6,403 222,878 SH SOLE 38,355 3,723 180,800
Ingersoll Rand Plc COM g47791101 4,170 100,836 SH SOLE 9,294 952 90,590
Intel Corp COM 458140100 20,021 712,111 SH SOLE 134,809 111,622 465,680
Interactive Brokers Group. COM 45841n107 14,195 834,985 SH SOLE 137,110 15,728 682,147
International Bncshrs Com COM 459044103 8,589 406,090 SH SOLE 70,002 6,512 329,576
Ishares Tr Russell 2000 COM 464287655 15,232 183,935 SH SOLE 40,274 - 143,661
J2 Global Inc. COM 48123v102 32,403 1,129,828 SH SOLE 191,578 18,231 920,019
JABIL CIRCUIT INC COM 466313103 4,390 174,750 SH SOLE 4,150 - 170,600
JAMES RIVER COAL CO COM 470355207 8,842 1,726,882 SH SOLE 307,973 29,398 1,389,511
JARDEN CORP COM 471109108 45,574 1,132,847 SH SOLE 200,344 17,478 915,025
JDA Software Group Inc. COM 46612K108 27,097 986,060 SH SOLE 165,266 15,436 805,358
JPMORGAN CHASE & CO COM 46625h100 25,962 564,626 SH SOLE 157,033 77,282 330,311
KB Financial Group Inc-ADR COM 48241a105 3,537 96,365 SH SOLE 16,521 12,091 67,753
KINROSS GOLD CORP COM 496902404 5,725 584,780 SH SOLE 49,897 43,437 491,446
KLA-TENCOR Corp COM 482480100 7,236 132,967 SH SOLE 2,164 653 130,150
Keycorp COM 493267108 1,286 151,285 SH SOLE 151,285 - -
L 3 COMMUNICATIONS HLDGS INC C COM 502424104 3,280 46,346 SH SOLE 4,458 458 41,430
LEXMARK INTL INC CL A CLASS A COM 529771107 31,983 962,198 SH SOLE 149,619 14,997 797,582
LIFEPOINT HOSPITALS INC COM 53219L109 35,433 898,411 SH SOLE 138,646 12,785 746,980
LINCOLN NATIONAL CORP COMMON S COM 534187109 3,904 148,107 SH SOLE 1,139 1,528 145,440
LORILLARD INC COMMON STOCK USD COM 544147101 3,054 23,589 SH SOLE 187 252 23,150
LOWES COMPANIES INC COM 548661107 4,013 127,875 SH SOLE 127,875 - -
Lakeland Financial Corp. COM 511656100 6,320 242,812 SH SOLE 41,835 3,937 197,040
Lear Corp. COM 521865204 3,140 67,543 SH SOLE 515 698 66,330
MACK CALI REALTY CORP REIT USD COM 554489104 2,986 103,623 SH SOLE 813 - 102,810
MARATHON OIL CORP COM 565849106 3,032 95,636 SH SOLE 3,645 961 91,030
MATTEL INC COM COM 577081102 6,737 200,143 SH SOLE 3,214 1,064 195,865
MEREDITH CORP COM 589433101 36,418 1,121,930 SH SOLE 181,371 16,834 923,725
METLIFE INC COMMON STOCK USD.0 COM 59156R108 17,187 460,163 SH SOLE 54,142 77,315 328,706
MICROSEMI CORPORATION COM 595137100 40,582 1,892,817 SH SOLE 296,952 27,800 1,568,065
MICROSOFT CORP COM 594918104 19,668 609,778 SH SOLE 113,963 94,007 401,808
MINEFINDERS CORP COM 602900102 13,734 988,041 SH SOLE 165,338 15,410 807,293
MOLSON COOR BREW CO CL B COM 60871r209 2,828 62,500 SH SOLE 478 642 61,380
MONTPELIER RE HLDGS LTD COM G62185106 12,424 643,078 SH SOLE 105,085 14,714 523,279
Mantech International Corp. - COM 564563104 3,117 90,450 SH SOLE 2,175 - 88,275
Marvell Technology Group Ltd COM G5876H105 3,272 207,997 SH SOLE 32,095 27,160 148,742
Matthews International Corp COM 577128101 8,236 260,306 SH SOLE 44,926 4,620 210,760
N V ENERGY INC COM 67073Y106 29,542 1,832,655 SH SOLE 319,075 32,070 1,481,510
NASDAQ OMX GROUP/THE COMMON ST COM 631103108 3,361 129,759 SH SOLE 1,007 1,392 127,360
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
------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- ---------
NBT Bancorp COM 628778102 7,509 340,076 SH SOLE 58,558 5,430 276,088
NCR Corp COM 62886E108 44,385 2,044,450 SH SOLE 291,703 29,940 1,722,807
NEWMONT MINING CORP COM 651639106 7,950 155,054 SH SOLE 22,269 25,166 107,619
NEXEN INC COMMON STOCK NPV COM 65334H102 6,036 328,934 SH SOLE 25,562 22,350 281,022
NORFOLK SOUTHERN CORP COMMON S COM 655844108 2,448 37,192 SH SOLE 286 386 36,520
NORTHROP GRUMMAN CORP COM 666807102 20,092 328,951 SH SOLE 51,377 45,723 231,851
NUCOR CORP COMMON STOCK USD.4 COM 670346105 2,884 67,156 SH SOLE 511 665 65,980
Nabors Industries Ltd. COM G6359F103 3,910 223,564 SH SOLE 21,639 - 201,925
Nacco Inds Inc Cl A COM 629579103 2,166 18,610 SH SOLE 3,051 725 14,834
Nippon Teleg Adr COM 654624105 2,600 114,943 SH SOLE 18,080 15,005 81,858
Nomura Hldg Inc Spons- ADR COM 65535H208 3,511 796,139 SH SOLE 119,395 101,057 575,687
O M GROUP INC COM 670872100 27,863 1,012,819 SH SOLE 171,773 15,816 825,230
OCCIDENTAL PETE CORP COM 674599105 2,481 26,052 SH SOLE 26,052 - -
OWENS &MINOR INC HLDG CO COM 690732102 35,095 1,154,071 SH SOLE 176,592 17,859 959,620
OWENS ILLINOIS INC COMMON STOC COM 690768403 5,256 225,183 SH SOLE 3,599 1,104 220,480
Olin Corp COM 680665205 31,474 1,447,101 SH SOLE 248,006 24,020 1,175,075
Omega Healthcare Investors COM 681936100 32,846 1,544,971 SH SOLE 264,608 26,198 1,254,165
Oshkosh Truck Corp. COM 688239201 5,644 243,584 SH SOLE 4,138 1,061 238,385
PFIZER INCORPORATED COM 717081103 20,201 892,073 SH SOLE 206,179 130,163 555,731
PHILIP MORRIS INTL INC COM 718172109 23,008 259,660 SH SOLE 55,603 39,983 164,074
PITNEY BOWES INC COM 724479100 5,341 303,804 SH SOLE 19,321 1,403 283,080
PLANTRONICS INC COM 727493108 33,005 819,803 SH SOLE 140,561 13,702 665,540
PLATINUM UNDERWRITERS F COM G7127P100 23,962 656,501 SH SOLE 109,907 11,437 535,157
PMC SIERRA INC COM 69344F106 41,764 5,776,460 SH SOLE 909,799 85,796 4,780,865
PNC FINL SERVICES GP INC COM 693475105 21,180 328,427 SH SOLE 81,576 46,830 200,021
PPL CORPORATION COMMON STOCK U COM 69351T106 2,539 89,853 SH SOLE 697 931 88,225
PROTECTIVE LIFE CORP COM 743674103 34,870 1,177,251 SH SOLE 205,849 19,716 951,686
PartnerRe Ltd. COM G6852T105 3,216 47,364 SH SOLE 387 516 46,461
Pennsylvania Rl Est Tr Sh Ben COM 709102107 39,123 2,562,071 SH SOLE 479,743 45,443 2,036,885
Perkinelmer Inc. COM 714046109 35,638 1,288,419 SH SOLE 227,500 21,444 1,039,475
Petroleo Brasileiro S/A COM 71654v408 3,193 120,225 SH SOLE 21,418 15,654 83,153
Portland General Electric COM 736508847 33,366 1,335,718 SH SOLE 227,945 21,184 1,086,589
Prosperity Bancshares Inc. COM 743606105 23,308 508,904 SH SOLE 85,815 11,532 411,557
Prudential PLC ADR COM 74435K204 3,619 150,621 SH SOLE 23,928 20,132 106,561
Qlogic Corp. COM 747277101 36,320 2,045,053 SH SOLE 346,746 33,089 1,665,218
RAYMOND JAMES FINL INC COM 754730109 4,036 110,475 SH SOLE 2,650 - 107,825
RELIANCE STEEL + ALUMINUM COMM COM 759509102 4,103 72,650 SH SOLE 1,725 - 70,925
ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 3,192 45,515 SH SOLE 8,116 5,955 31,444
RYDER SYSTEM INC COM 783549108 35,260 667,797 SH SOLE 122,251 11,406 534,140
Rock-Tenn COM 772739207 6,921 102,441 SH SOLE 1,733 473 100,235
Rosetta Resources Inc COM 777779307 3,105 63,675 SH SOLE 1,575 - 62,100
Royal BK Scotland Group COM 780097689 108 12,222 SH SOLE 12,222 - -
S & T Bancorp Inc. COM 783859101 2,837 130,787 SH SOLE 22,494 3,771 104,522
SECTOR SPDR FINANCIAL COM 81369y605 1,650 104,460 SH SOLE 104,460 - -
SEMPRA ENERGY COMMON STOCK NPV COM 816851109 3,186 53,129 SH SOLE 404 555 52,170
SENIOR HOUSING PROP TRUST REIT COM 81721M109 2,601 117,976 SH SOLE 908 1,223 115,845
SK TELECOM ADR COM 78440P108 3,395 244,062 SH SOLE 42,043 31,099 170,920
SMITH-NPHW PLC SPADR NEW COM 83175M205 3,470 68,722 SH SOLE 10,293 8,651 49,778
SONIC CORP COM 835451105 26,774 3,486,184 SH SOLE 591,388 54,253 2,840,543
SPIRIT AEROSYSTEMS HOLD CL A C COM 848574109 3,544 144,900 SH SOLE 3,500 - 141,400
SPX Corp. COM 784635104 36,175 466,596 SH SOLE 73,813 6,878 385,905
STAPLES INC COM 855030102 27,034 1,669,767 SH SOLE 445,069 195,251 1,029,447
SUMITOMO MITSUI-SPONS ADR COM 86562M209 3,512 528,888 SH SOLE 81,508 69,627 377,753
SUNTRUST BANKS INC COM 867914103 23,675 979,537 SH SOLE 97,770 144,649 737,118
SUPERIOR ENERGY SERVICES COM 868157108 30,296 1,149,330 SH SOLE 176,625 16,685 956,020
SYMANTEC CORP COMMON STOCK USD COM 871503108 3,889 207,990 SH SOLE 18,603 1,956 187,431
SYMETRA FINANCIAL CORP COM 87151q106 11,428 991,176 SH SOLE 170,671 16,835 803,670
SYNAPTICS INC COM 87157D109 26,354 721,835 SH SOLE 114,025 4,699 603,111
SYNOPSYS INC COMMON STOCK USD. COM 871607107 7,578 247,166 SH SOLE 4,272 1,032 241,862
Sanofi-ADR COM 80105N105 3,543 91,427 SH SOLE 16,010 11,941 63,476
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
------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- ------- ------- ---------
Siemens AG ADR COM 826197501 3,485 34,563 SH SOLE 5,879 4,225 24,459
StatoilHydro ASA COM 85771p102 3,300 121,726 SH SOLE 21,561 15,561 84,604
TATA MTRS LTD SPONSORED ADR COM 876568502 3,339 123,811 SH SOLE 19,031 16,000 88,780
TCF Financial Corp. Com COM 872275102 13,410 1,127,839 SH SOLE 194,050 18,850 914,939
TECO ENERGY INC COM 872375100 25,366 1,445,348 SH SOLE 267,829 28,679 1,148,840
TELEFLEX INCORPORATED COM 879369106 34,718 567,745 SH SOLE 87,578 8,187 471,980
TERADYNE INC COMMON STOCK USD. COM 880770102 3,421 202,550 SH SOLE 4,850 - 197,700
TESORO CORPORATION COM 881609101 36,263 1,351,086 SH SOLE 234,377 22,980 1,093,729
TEXTAINER GROUP HOLDINGS LTD C COM G8766E109 3,563 105,100 SH SOLE 2,525 - 102,575
THE JONES GROUP INC COM 48020T101 37,607 2,994,159 SH SOLE 471,139 42,198 2,480,822
THOMPSON CREEK METALS F COM 884768102 19,658 2,908,035 SH SOLE 520,053 48,397 2,339,585
TUTOR PERINI CORP COM 901109108 35,788 2,297,026 SH SOLE 373,279 37,721 1,886,026
Telefonica SA Spain ADR COM 879382208 3,285 200,211 SH SOLE 31,582 26,713 141,916
Teva Pharmaceutical Industries COM 881624209 3,310 73,455 SH SOLE 12,980 9,425 51,050
Thomson Reuters Corp COM 884903105 17,413 602,519 SH SOLE 67,585 101,373 433,561
Total SA ADR COM 89151E109 3,218 62,947 SH SOLE 11,151 8,276 43,520
U S BANCORP DEL NEW COM 902973304 20,505 647,240 SH SOLE 132,539 97,710 416,991
UBS AG COM h89231338 2,897 206,616 SH SOLE 6,716 32,644 167,256
UNILEVER PLC NEW ADR COM 904767704 3,028 91,624 SH SOLE 14,338 12,107 65,179
UNITED TECHNOLOGIES CORP COM 913017109 19,748 238,097 SH SOLE 56,855 34,493 146,749
UNITEDHEALTH GROUP INC COM 91324p102 22,997 390,168 SH SOLE 107,084 54,007 229,077
UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 3,258 133,075 SH SOLE 3,175 - 129,900
URS CORP COMMON STOCK USD.01 COM 903236107 6,930 162,980 SH SOLE 2,657 758 159,565
Ultra Petroleum Corp COM 903914109 3,867 170,897 SH SOLE 2,874 755 167,268
Umpqua Holdings Corp. COM 904214103 5,074 374,203 SH SOLE 63,435 6,923 303,845
VALERO ENERGY CORP NEW COM 91913y100 12,866 499,247 SH SOLE 94,423 53,965 350,859
VECTREN CORP COM 92240G101 12,458 428,698 SH SOLE 84,224 8,484 335,990
VODAFONE GROUP PLC SP ADR ADR COM 92857W209 3,093 111,765 SH SOLE 17,523 14,403 79,839
W & T OFFSHORE INC COM 92922P106 34,476 1,635,479 SH SOLE 277,491 25,263 1,332,725
WADDELL & REED FINL CL A COM 930059100 38,216 1,179,137 SH SOLE 199,978 18,486 960,673
WASHINGTON FEDERAL INC SEATTLE COM 938824109 40,101 2,382,681 SH SOLE 404,265 36,641 1,941,775
WASTE MANAGEMENT INC COM 94106l109 3,203 91,625 SH SOLE 703 952 89,970
WEINGARTEN REALTY INVESTORS RE COM 948741103 4,170 157,775 SH SOLE 3,750 - 154,025
WELLS FARGO & CO NEW COM 949746101 36,797 1,077,815 SH SOLE 253,435 156,400 667,980
WESTERN UN CO COM 959802109 2,961 168,217 SH SOLE 1,284 1,673 165,260
WHIRLPOOL CORP COMMON STOCK US COM 963320106 6,960 90,552 SH SOLE 5,819 413 84,320
WOLVERINE WORLD WIDE INC COM 978097103 31,879 857,423 SH SOLE 145,486 13,512 698,425
Websense Inc. COM 947684106 17,312 820,877 SH SOLE 136,736 19,071 665,070
Webster Finl Corp Waterbury COM 947890109 20,680 912,219 SH SOLE 132,555 12,427 767,237
WesBanco Inc. COM 950810101 5,246 260,457 SH SOLE 65,319 5,897 189,241
Wiley John & Sons CL A COM 968223206 17,119 359,716 SH SOLE 62,031 6,110 291,575
Wintrust Finl Corp Com COM 97650W108 27,227 760,750 SH SOLE 130,367 12,666 617,717
Worthington Industries Inc COM 981811102 36,762 1,916,675 SH SOLE 324,985 30,794 1,560,896
YAMANA GOLD INC COM 98462y100 6,581 421,343 SH SOLE 51,192 25,867 344,284
Ypf Sociedad Anonima - Adr COM 984245100 3,200 112,638 SH SOLE 17,376 14,737 80,525
ZIMMER HOLDINGS INC COM 98956p102 20,765 323,041 SH SOLE 31,090 46,295 245,656
Zions Bancorp COM 989701107 3,389 157,925 SH SOLE 3,800 - 154,125