0001140361-12-047322.txt : 20121114
0001140361-12-047322.hdr.sgml : 20121114
20121114164544
ACCESSION NUMBER: 0001140361-12-047322
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120930
FILED AS OF DATE: 20121114
DATE AS OF CHANGE: 20121114
EFFECTIVENESS DATE: 20121114
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: 121205410
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: 9/30/2012
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 11/14/2012
--------------------------------- --------------------------------- ----------
[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: 292
Form 13F Information Table Value Total: $ 4,005,889
--------------
(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 28-05167 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
------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- ---------
ABB LTD SPON ADR COM 000375204 4,618 246,941 SH SOLE 28,821 69,104 149,016
ABM INDUSTRIES INC COM 000957100 14,125 746,148 SH SOLE 143,634 6,924 595,590
AETNA INC NEW COM 00817y108 10,768 271,916 SH SOLE 90,975 7,535 173,406
AGL RESOURCES INC COMMON COM 001204106 2,998 73,275 SH SOLE 1,975 - 71,300
AGRIUM INC COMMON STOCK COM 008916108 8,895 85,973 SH SOLE 6,770 13,598 65,605
AIRCASTLE LTD COM G0129k104 25,855 2,281,997 SH SOLE 438,371 20,109 1,823,517
ALLIANT TECHSYSTEMS INC COM 018804104 31,130 621,241 SH SOLE 120,122 5,068 496,051
ALLIED WORLD ASSUR NEW F COM H01531104 31,232 404,296 SH SOLE 71,577 3,431 329,288
ALLSTATE CORPORATION COM 020002101 13,879 350,392 SH SOLE 50,882 10,668 288,842
ALTRIA GROUP INC COM 02209s103 12,290 368,061 SH SOLE 169,528 8,421 190,112
AMDOCS LTD COMMON STOCK COM G02602103 3,065 92,900 SH SOLE 2,650 - 90,250
AMEREN CORP COM 023608102 3,051 93,375 SH SOLE 2,400 - 90,975
AMERIPRISE FINANCIAL INC COM 03076C106 4,058 71,583 SH SOLE 8,461 1,282 61,840
AMN ELEC POWER CO COM 025537101 3,025 68,839 SH SOLE 604 1,485 66,750
ANADARKO PETROLEUM CORP COM 032511107 21,594 308,841 SH SOLE 109,769 8,332 190,740
APACHE CORP COM 037411105 18,268 211,264 SH SOLE 74,197 5,656 131,411
ARGO GROUP INTL HLDGS F COM G0464B107 3,592 110,913 SH SOLE 2,850 - 108,063
ARRIS GROUP INC COMMON S COM 04269Q100 32,581 2,547,360 SH SOLE 444,716 20,972 2,081,672
ARROW ELECTRONICS INC CO COM 042735100 5,176 153,552 SH SOLE 2,723 1,504 149,325
ASPEN INSURANCE HOLDINGF COM G05384105 36,275 1,189,726 SH SOLE 246,053 11,368 932,305
ASTRAZENECA PLC ADR F SP COM 046353108 15,333 320,376 SH SOLE 74,355 31,948 214,073
ATWOOD OCEANICS INC COM 050095108 34,495 758,955 SH SOLE 132,990 6,106 619,859
AXIS CAPITAL HOLDINGS LT COM G0692U109 6,733 192,825 SH SOLE 3,401 1,874 187,550
AGILENT TECHNOLOGIES INC COM 00846U101 3,304 85,939 SH SOLE 11,947 1,522 72,470
AMCOL INTERNATIONAL CORP COM 02341W103 12,580 371,313 SH SOLE 71,156 3,477 296,680
AMERCO COM 023586100 3,063 28,800 SH SOLE 750 - 28,050
AMERICAN AXLE & MFG HLDG COM 024061103 33,937 3,011,305 SH SOLE 588,679 27,124 2,395,502
AMKOR TECHNOLOGY INC. COM 031652100 13,287 3,009,441 SH SOLE 596,807 28,783 2,383,851
APPLIED MATERIALS INC COM 038222105 3,135 280,803 SH SOLE 29,978 5,175 245,650
ASCENA RETAIL GROUP INC. COM 04351g101 16,605 774,134 SH SOLE 150,605 7,649 615,880
ASSOCIATED BANC CORP COM 045487105 41,627 3,163,135 SH SOLE 568,907 25,773 2,568,455
AURICO GOLD INC COM 05155c105 24,515 3,507,133 SH SOLE 685,682 32,378 2,789,073
BANCO SANT SA ADR COM 05964H105 4,736 634,857 SH SOLE 88,118 170,323 376,416
BANCORPSOUTH INC COM 059692103 27,485 1,864,666 SH SOLE 351,092 16,560 1,497,014
BANK OF AMERICA CORP COM 060505104 12,624 1,429,705 SH SOLE 429,056 42,176 958,473
BANK OF HAWAII CORP COM 062540109 33,966 744,550 SH SOLE 130,442 5,983 608,125
BARNES GROUP INC COM 067806109 16,197 647,624 SH SOLE 126,756 5,749 515,119
BARRICK GOLD CORPORATION COM 067901108 4,182 100,133 SH SOLE 14,243 27,213 58,677
BEST BUY CO INC COM 086516101 8,361 486,132 SH SOLE 125,454 12,765 347,913
BHP BILLITON LTD ADR F S COM 088606108 18,928 275,879 SH SOLE 82,422 22,957 170,500
BIG LOTS INC COMMON STOC COM 089302103 4,599 155,463 SH SOLE 2,763 1,461 151,239
BOK FINANCIAL CORPORATIO COM 05561Q201 3,175 53,725 SH SOLE 1,475 - 52,250
BP PLC ADR F SPONSORED A COM 055622104 16,700 394,231 SH SOLE 69,658 36,806 287,767
BRINKER INTL INC COM 109641100 34,632 981,083 SH SOLE 173,305 8,258 799,520
BRINKS CO COM 109696104 33,674 1,310,765 SH SOLE 231,805 10,605 1,068,355
BANCO BILBAO VIZCAYA - A COM 05946K101 4,842 624,800 SH SOLE 86,327 167,299 371,174
BANK OF NEW YORK MELLON COM 064058100 10,251 453,200 SH SOLE 85,894 15,272 352,034
BARCLAYS PLC- ADR COM 06738E204 3,323 239,562 SH SOLE 43,298 - 196,264
BLACKROCK INC COM 09247x101 9,389 52,657 SH SOLE 8,875 1,858 41,924
BRADY CORP WI CL A COM 104674106 15,030 513,326 SH SOLE 100,628 5,861 406,837
BRANDYWINE RLTY TR SH BE COM 105368203 33,608 2,756,992 SH SOLE 531,797 22,490 2,202,705
BRIGGS & STRATTON COM 109043109 30,592 1,638,577 SH SOLE 320,341 14,943 1,303,293
BROCADE COMMUNICATIONS COM 111621306 33,613 5,682,650 SH SOLE 1,111,733 52,215 4,518,702
C A C I INC CL A COM 127190304 26,426 510,253 SH SOLE 96,993 4,550 408,710
C B L & ASSOC PROPERTIES COM 124830100 34,746 1,628,214 SH SOLE 285,107 11,770 1,331,337
CA INC COMMON STOCK USD. COM 12673P105 2,969 115,244 SH SOLE 1,006 2,388 111,850
CARNIVAL CORP NEW F PAIR COM 143658300 8,950 245,677 SH SOLE 74,161 7,177 164,339
CARNIVAL PLC-ADR COM 14365C103 4,249 115,594 SH SOLE 13,408 31,870 70,316
CATERPILLAR INC COMMON S COM 149123101 9,553 111,030 SH SOLE 25,938 3,606 81,486
CEC ENTERTAINMENT INC COM 125137109 7,797 258,856 SH SOLE 50,031 2,582 206,243
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
------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- ---------
CELESTICA SUB VTG SHS COM 15101Q108 6,918 968,917 SH SOLE 186,607 9,090 773,220
CHARLES RIVER LABORATORI COM 159864107 40,445 1,021,334 SH SOLE 185,885 8,459 826,990
CHESAPEAKE ENERGY CORP COM 165167107 14,541 770,574 SH SOLE 304,086 16,543 449,945
CHEVRON CORP COM 166764100 246 2,114 SH SOLE 2,114 - -
CIA VALE DO RIO DOCE - A COM 91912e105 3,887 217,149 SH SOLE 29,495 58,325 129,329
CIGNA CORP COMMON STOCK COM 125509109 3,304 70,048 SH SOLE 2,647 1,421 65,980
CITIGROUP INC COM 172967424 10,778 329,398 SH SOLE 67,500 10,961 250,937
COEUR D ALENE MINES CORP COM 192108504 43,187 1,497,995 SH SOLE 259,925 11,989 1,226,081
COMERICA INC COM COM 200340107 3,246 104,551 SH SOLE 9,644 1,987 92,920
COMMONWEALTH REIT COM 203233101 22,194 1,524,328 SH SOLE 289,667 13,212 1,221,449
COMPUTER SCIENCES CORP C COM 205363104 2,046 63,534 SH SOLE 581 1,443 61,510
CONOCOPHILLIPS COM 20825c104 17,169 300,261 SH SOLE 105,703 8,118 186,440
CONSTELLATION BRANDS INC COM 21036P108 3,043 94,075 SH SOLE 2,475 - 91,600
CORNING INC COMMON STOCK COM 219350105 9,608 730,638 SH SOLE 147,761 24,173 558,704
CRANE CO COMMON STOCK US COM 224399105 35,687 893,732 SH SOLE 145,829 8,328 739,575
CSX CORP COM 126408103 8,948 431,218 SH SOLE 102,171 13,874 315,173
CABOT CORP. COM 127055101 23,891 653,285 SH SOLE 123,557 5,751 523,977
CANON INC- ADR COM 138006309 3,780 118,089 SH SOLE 13,914 32,764 71,411
CARDINAL HEALTH INC. COM 14149Y108 3,318 85,132 SH SOLE 773 1,779 82,580
CARLISLE COS INC COM 142339100 28,107 541,344 SH SOLE 105,826 4,804 430,714
CHEMICAL FINANCIAL CORP. COM 163731102 8,768 362,316 SH SOLE 68,830 3,070 290,416
CHINA MOBILE LTD SPN ADR COM 16941m109 3,817 68,940 SH SOLE 8,568 19,888 40,484
CISCO SYSTEMS INC. COM 17275R102 9,334 488,824 SH SOLE 104,514 16,144 368,166
CITY NATIONAL CORP. COM 178566105 13,194 256,148 SH SOLE 49,233 2,165 204,750
COOPER TIRE AND RUBBER COM 216831107 32,786 1,709,395 SH SOLE 305,391 13,934 1,390,070
CREDIT SUISSE GRP SPONS- COM 225401108 3,806 179,940 SH SOLE 25,258 46,897 107,785
CURTISS-WRIGHT CORP. COM 231561101 30,912 945,309 SH SOLE 180,453 8,438 756,418
D S T SYSTEMS INC COM 233326107 37,210 657,879 SH SOLE 115,439 5,285 537,155
DEVON ENERGY CP NEW COM 25179m103 19,811 327,449 SH SOLE 105,850 9,161 212,438
DUKE REALTY CORP REIT US COM 264411505 27,586 1,876,620 SH SOLE 313,929 20,206 1,542,485
DARDEN RESTAURANTS INC. COM 237194105 3,166 56,792 SH SOLE 516 1,156 55,120
DELHAIZE LE LION S A ADR COM 29759w101 3,458 89,672 SH SOLE 10,386 24,415 54,871
DEUTSCHE BANK AG REG COM D18190898 1,798 45,342 SH SOLE 15,341 30,001 -
DONNELLEY (R R) & SONS C COM 257867101 282 26,649 SH SOLE 26,649 - -
EATON CORPORATION COM 278058102 15,559 329,160 SH SOLE 105,844 8,609 214,707
EMCOR GROUP INC COM 29084Q100 14,288 500,627 SH SOLE 98,287 4,625 397,715
ENDO HEALTH SOLUTIONS IN COM 29264F205 2,943 92,775 SH SOLE 2,375 - 90,400
ENDURANCE SPECALTY HLDGF COM G30397106 22,415 582,215 SH SOLE 112,073 5,276 464,866
ENERGIZER HOLDINGS INC C COM 29266R108 6,492 87,017 SH SOLE 1,466 966 84,585
ENERSYS COM 29275Y102 28,175 798,374 SH SOLE 155,364 7,251 635,759
ENSCO PLC SPON ADR ADR U COM g3157s106 3,107 56,947 SH SOLE 520 1,187 55,240
ENTERTAINMENT PPTYS TR C COM 29380T105 3,357 75,550 SH SOLE 1,775 - 73,775
ESTERLINE TECH CORP COM 297425100 27,938 497,647 SH SOLE 96,289 4,388 396,970
EURONET WORLDWIDE INC COM 298736109 1,374 73,119 SH SOLE 13,826 1,029 58,264
EAST WEST BANCORP INC. COM 27579R104 27,131 1,284,626 SH SOLE 213,191 9,530 1,061,905
ENERGEN CORP COM COM 29265N108 30,742 586,575 SH SOLE 110,297 5,562 470,716
ENI S P A SPONSORED ADR COM 26874r108 4,414 100,678 SH SOLE 13,904 27,028 59,746
EVEREST REINS HLDGS COM g3223r108 4,554 42,575 SH SOLE 1,100 - 41,475
FEDERATED INVESTORS INC COM 314211103 23,980 1,159,022 SH SOLE 225,927 10,759 922,336
FEDEX CORPORATION COM 31428x106 10,677 126,179 SH SOLE 37,620 3,759 84,800
FIFTH THIRD BANCORP COM 316773100 16,331 1,053,276 SH SOLE 265,324 27,112 760,840
FIRSTMERIT CORP COM 337915102 28,588 1,943,431 SH SOLE 371,806 16,898 1,554,727
FOSTER WHEELER AG COM h27178104 43,005 1,794,878 SH SOLE 329,553 71,753 1,393,572
FREEPORT MCMORAN COPPER COM 35671D857 1,440 36,370 SH SOLE 36,370 - -
FULTON FINANCIAL CORP COM 360271100 38,099 3,867,962 SH SOLE 690,030 31,492 3,146,440
FIRST HORIZON NATIONAL C COM 320517105 25,915 2,691,086 SH SOLE 486,461 25,370 2,179,255
FIRST MIDWEST BANCORP, I COM 320867104 10,553 840,228 SH SOLE 161,863 7,685 670,680
GENERAL CABLE CP DE NEW COM 369300108 34,967 1,190,177 SH SOLE 193,037 11,083 986,057
GENERAL ELECTRIC COMPANY COM 369604103 11,446 504,003 SH SOLE 134,597 16,539 352,867
GEO GROUP INC COM 36159R103 9,918 358,431 SH SOLE 69,295 3,005 286,131
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
------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- ---------
GOLDMAN SACHS GROUP INC COM 38141g104 10,147 89,261 SH SOLE 17,774 3,015 68,472
GLACIER BANCORP NEW COM COM 37637Q105 7,343 470,981 SH SOLE 89,239 3,948 377,794
HALLIBURTON CO COMMON ST COM 406216101 8,471 251,450 SH SOLE 52,632 8,392 190,426
HANESBRANDS INC COM 410345102 38,665 1,212,843 SH SOLE 214,511 9,752 988,580
HANOVER INSURANCE GROUP COM 410867105 29,483 791,268 SH SOLE 149,371 6,932 634,965
HARRIS CORP COMMON STOCK COM 413875105 3,566 69,630 SH SOLE 632 1,488 67,510
HARTFORD FINL SVCS GRP COM 416515104 17,650 907,920 SH SOLE 152,073 20,851 734,996
HELEN OF TROY LTD F COM G4388N106 28,548 896,880 SH SOLE 173,619 8,104 715,157
HEWLETT PACKARD CO COMMO COM 428236103 6,877 403,115 SH SOLE 82,170 13,438 307,507
HOSPITALITY PPTYS TRUST COM 44106M102 37,365 1,571,295 SH SOLE 253,221 14,328 1,303,746
HSBC HLDGS PLC SPONS-ADR COM 404280406 4,766 102,580 SH SOLE 11,801 26,934 63,845
HUBBELL INC CL B PAR .01 COM 443510201 3,740 46,325 SH SOLE 1,200 - 45,125
HANCOCK HLDG CO COM COM 410120109 30,676 990,194 SH SOLE 187,680 8,344 794,170
HILL-ROM HOLDINGS INC COM 431475102 22,288 766,981 SH SOLE 143,325 6,193 617,463
HILLENBRAND INC COM 431571108 9,159 503,516 SH SOLE 97,524 4,703 401,289
HUNTSMAN CORP COM 447011107 28,036 1,877,843 SH SOLE 286,493 17,778 1,573,572
IAMGOLD CORPORATION COM 450913108 2,651 167,675 SH SOLE 4,300 - 163,375
IDACORP INCORPORATED COM 451107106 30,164 697,121 SH SOLE 131,029 6,086 560,006
ING GP NV SPSD ADR COM 456837103 4,511 571,695 SH SOLE 80,494 153,653 337,548
INGREDION INC COM COM 457187102 29,899 542,044 SH SOLE 110,658 5,380 426,006
INTL SPEEDWAY CL A COM 460335201 36,101 1,272,513 SH SOLE 224,841 10,287 1,037,385
ITAU UNIBANCO HLDNG-PREF COM 465562106 4,264 279,035 SH SOLE 38,552 75,492 164,991
ITT CORP COMMON STOCK US COM 450911201 29,735 1,475,704 SH SOLE 284,319 13,475 1,177,910
INDEPENDENT BK CP MASS C COM 453836108 6,549 217,658 SH SOLE 41,815 1,848 173,995
INGERSOLL RAND PLC COM g47791101 3,377 75,335 SH SOLE 7,588 1,447 66,300
INGRAM MICRO INC COM 457153104 25,870 1,698,598 SH SOLE 329,690 15,641 1,353,267
INTEL CORP COM 458140100 9,273 409,300 SH SOLE 118,105 12,164 279,031
INTERACTIVE BROKERS GROU COM 45841n107 13,129 936,482 SH SOLE 181,052 8,687 746,743
INTERNATIONAL BNCSHRS CO COM 459044103 7,571 396,989 SH SOLE 76,387 3,330 317,272
INVESCO LTD COM g491bt108 3,324 132,996 SH SOLE 1,192 2,884 128,920
ISHARES TR RUSSELL 2000 COM 464287655 6,478 77,631 SH SOLE 67,256 - 10,375
JABIL CIRCUIT INC COM 466313103 3,271 174,750 SH SOLE 4,150 - 170,600
JARDEN CORP COM 471109108 32,439 613,918 SH SOLE 117,730 5,792 490,396
JDA SOFTWARE GROUP INC. COM 46612K108 30,627 963,735 SH SOLE 180,322 8,245 775,168
JOY GLOBAL INC COMMON ST COM 481165108 1,538 27,439 SH SOLE 243 576 26,620
JPMORGAN CHASE & CO COM 46625h100 14,413 356,063 SH SOLE 148,850 8,595 198,618
KB FINANCIAL GROUP INC-A COM 48241a105 4,556 129,111 SH SOLE 17,451 34,064 77,596
KINROSS GOLD CORP COM 496902404 7,084 693,795 SH SOLE 51,566 118,594 523,635
KLA-TENCOR CORP COM 482480100 6,384 133,823 SH SOLE 2,379 1,294 130,150
KROGER CO COMMON STOCK U COM 501044101 329 13,984 SH SOLE 13,984 - -
KEYCORP COM 493267108 13,776 1,576,257 SH SOLE 293,517 45,806 1,236,934
KOPPERS COM 50060P106 7,099 203,248 SH SOLE 39,396 1,623 162,229
L 3 COMMUNICATIONS HLDGS COM 502424104 3,401 47,421 SH SOLE 5,086 905 41,430
LIFEPOINT HOSPITALS INC COM 53219L109 37,011 865,150 SH SOLE 150,989 6,886 707,275
LINCOLN NATIONAL CORP CO COM 534187109 3,623 149,769 SH SOLE 1,319 3,010 145,440
LORILLARD INC COMMON STO COM 544147101 2,775 23,832 SH SOLE 187 495 23,150
LOWES COMPANIES INC COM 548661107 3,006 99,415 SH SOLE 99,415 - -
LAKELAND FINANCIAL CORP. COM 511656100 6,551 237,373 SH SOLE 45,695 2,018 189,660
LEAR CORP. COM 521865204 2,993 79,200 SH SOLE 714 1,656 76,830
MACK CALI REALTY CORP RE COM 554489104 2,760 103,755 SH SOLE 945 - 102,810
MARATHON OIL CORP COM 565849106 3,472 117,402 SH SOLE 4,807 2,365 110,230
MCGRATH RENTCORP COM 580589109 4,318 165,522 SH SOLE 32,036 1,848 131,638
MEREDITH CORP COM 589433101 38,451 1,098,596 SH SOLE 196,091 8,980 893,525
METLIFE INC COMMON STOCK COM 59156R108 9,850 285,835 SH SOLE 58,141 9,501 218,193
MICROSEMI CORPORATION COM 595137100 36,538 1,820,511 SH SOLE 323,223 14,768 1,482,520
MICROSOFT CORP COM 594918104 10,308 346,367 SH SOLE 95,631 10,477 240,259
MOLSON COOR BREW CO CL B COM 60871r209 3,150 69,929 SH SOLE 628 1,461 67,840
MONTPELIER RE HLDGS LTD COM G62185106 18,932 855,507 SH SOLE 163,465 8,032 684,010
MURPHY OIL CORP COMMON S COM 626717102 3,003 55,927 SH SOLE 517 1,180 54,230
MANTECH INTERNATIONAL CO COM 564563104 2,174 90,600 SH SOLE 2,325 - 88,275
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
------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- ---------
MARVELL TECHNOLOGY GROUP COM G5876H105 5,266 575,227 SH SOLE 40,718 96,687 437,822
MATTHEWS INTERNATIONAL C COM 577128101 7,583 254,283 SH SOLE 48,946 2,507 202,830
MITSUBISHI UFJ FINANCIAL COM 606822104 3,789 814,868 SH SOLE 95,369 223,130 496,369
N V ENERGY INC COM 67073Y106 24,896 1,382,364 SH SOLE 281,553 13,479 1,087,332
NASDAQ OMX GROUP/THE COM COM 631103108 3,058 131,293 SH SOLE 1,197 2,736 127,360
NBT BANCORP COM 628778102 7,336 332,415 SH SOLE 63,958 2,680 265,777
NCR CORP COM 62886E108 34,201 1,467,223 SH SOLE 234,727 13,847 1,218,649
NEWMONT MINING CORP COM 651639106 11,147 199,004 SH SOLE 38,503 6,744 153,757
NORFOLK SOUTHERN CORP CO COM 655844108 2,392 37,587 SH SOLE 296 771 36,520
NORTHROP GRUMMAN CORP COM 666807102 973 14,647 SH SOLE 14,647 - -
NUCOR CORP COMMON STOCK COM 670346105 2,601 67,982 SH SOLE 613 1,389 65,980
NABORS INDUSTRIES LTD. COM G6359F103 3,146 224,217 SH SOLE 22,292 - 201,925
NACCO INDS INC CL A COM 629579103 5,057 40,323 SH SOLE 7,871 341 32,111
NIPPON TELEG ADR COM 654624105 4,282 180,592 SH SOLE 24,816 48,855 106,921
NOMURA HLDG INC SPONS- A COM 65535H208 3,801 1,067,682 SH SOLE 122,546 285,734 659,402
OCCIDENTAL PETE CORP COM 674599105 2,452 28,489 SH SOLE 28,489 - -
OWENS &MINOR INC HLDG CO COM 690732102 33,781 1,130,560 SH SOLE 192,472 8,872 929,216
OWENS ILLINOIS INC COMMO COM 690768403 5,220 278,239 SH SOLE 4,444 3,405 270,390
OLIN CORP COM 680665205 30,734 1,414,343 SH SOLE 270,526 12,547 1,131,270
OMEGA HEALTHCARE INVESTO COM 681936100 34,141 1,502,017 SH SOLE 283,968 13,019 1,205,030
ORACLE CORP COM 68389X105 971 30,855 SH SOLE 30,855 - -
OSHKOSH TRUCK CORP. COM 688239201 6,724 245,135 SH SOLE 4,538 2,212 238,385
PAN AMERICAN SILVER CP F COM 697900108 11,207 522,707 SH SOLE 96,756 4,602 421,349
PFIZER INCORPORATED COM 717081103 12,026 483,957 SH SOLE 155,528 14,562 313,867
PHILIP MORRIS INTL INC COM 718172109 1,616 17,965 SH SOLE 17,965 - -
PITNEY BOWES INC COM 724479100 2,344 169,625 SH SOLE 21,575 - 148,050
PLANTRONICS INC COM 727493108 28,309 801,273 SH SOLE 153,332 7,246 640,695
PLATINUM UNDERWRITERS F COM G7127P100 25,323 619,588 SH SOLE 119,352 5,592 494,644
PMC SIERRA INC COM 69344F106 30,064 5,363,774 SH SOLE 991,981 44,858 4,326,935
PNC FINL SERVICES GP INC COM 693475105 11,551 183,057 SH SOLE 70,367 4,744 107,946
PPL CORPORATION COMMON S COM 69351T106 2,641 90,909 SH SOLE 719 1,965 88,225
PROTECTIVE LIFE CORP COM 743674103 30,123 1,149,297 SH SOLE 224,469 10,205 914,623
PARTNERRE LTD. COM G6852T105 3,021 40,668 SH SOLE 361 846 39,461
PENNSYLVANIA RL EST TR S COM 709102107 30,178 1,902,750 SH SOLE 366,578 17,872 1,518,300
PERKINELMER INC. COM 714046109 31,833 1,080,182 SH SOLE 220,471 10,316 849,395
PETROLEO BRASILEIRO S/A COM 71654v408 4,581 199,741 SH SOLE 27,926 53,963 117,852
PHILLIPS 66 COM 718546104 1,379 29,742 SH SOLE 29,742 - -
PORTLAND GENERAL ELECTRI COM 736508847 35,076 1,297,205 SH SOLE 243,010 11,293 1,042,902
PROSPERITY BANCSHARES IN COM 743606105 21,069 494,349 SH SOLE 93,610 4,567 396,172
QLOGIC CORP. COM 747277101 22,392 1,960,746 SH SOLE 378,654 17,660 1,564,432
RAYMOND JAMES FINL INC COM 754730109 4,049 110,475 SH SOLE 2,650 - 107,825
RELIANCE STEEL + ALUMINU COM 759509102 3,811 72,800 SH SOLE 1,875 - 70,925
ROYAL DUTCH SHELL PLC AD COM 780259206 4,265 61,450 SH SOLE 8,588 16,850 36,012
RYDER SYSTEM INC COM 783549108 27,911 714,568 SH SOLE 130,447 7,411 576,710
ROCK-TENN COM 772739207 6,702 92,850 SH SOLE 1,885 1,005 89,960
ROSETTA RESOURCES INC COM 777779307 3,057 63,825 SH SOLE 1,725 - 62,100
S & T BANCORP INC. COM 783859101 895 50,805 SH SOLE 10,251 343 40,211
SECTOR SPDR FINANCIAL COM 81369y605 1,271 81,503 SH SOLE 81,503 - -
SENIOR HOUSING PROP TRUS COM 81721M109 3,186 146,285 SH SOLE 1,321 3,059 141,905
SK TELECOM ADR COM 78440P108 4,967 341,641 SH SOLE 39,629 94,272 207,740
SMITH-NPHW PLC SPADR NEW COM 83175M205 4,475 81,193 SH SOLE 9,500 22,473 49,220
SPIRIT AEROSYSTEMS HOLD COM 848574109 3,223 145,125 SH SOLE 3,725 - 141,400
SPX CORP. COM 784635104 29,686 453,852 SH SOLE 80,001 3,471 370,380
STAPLES INC COM 855030102 15,772 1,369,100 SH SOLE 411,944 34,473 922,683
SUMITOMO MITSUI-SPONS AD COM 86562M209 3,827 619,322 SH SOLE 71,930 171,484 375,908
SUNTRUST BANKS INC COM 867914103 14,987 530,126 SH SOLE 76,864 15,931 437,331
SUPERIOR ENERGY SERVICES COM 868157108 26,772 1,304,699 SH SOLE 229,201 10,482 1,065,016
SYMANTEC CORP COMMON STO COM 871503108 3,924 218,296 SH SOLE 26,868 3,997 187,431
SYMETRA FINANCIAL CORP COM 87151q106 11,909 968,176 SH SOLE 186,346 8,855 772,975
SYNAPTICS INC COM 87157D109 2,499 104,051 SH SOLE 14,333 143 89,575
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
------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- ---------
SYNOPSYS INC COMMON STOC COM 871607107 8,203 248,612 SH SOLE 4,687 2,063 241,862
SCHULMAN A INC COM COM 808194104 7,846 329,263 SH SOLE 63,787 3,116 262,360
SIEMENS AG ADR COM 826197501 4,761 47,536 SH SOLE 5,526 13,159 28,851
ST JUDE MEDICAL INC COM 790849103 13,378 317,543 SH SOLE 46,789 9,798 260,956
STATOILHYDRO ASA COM 85771p102 4,239 164,364 SH SOLE 23,071 44,393 96,900
STEEL DYNAMICS INC COM COM 858119100 21,144 1,881,139 SH SOLE 359,235 17,708 1,504,196
SUNCOR ENERGY INC. COM 867224107 4,277 130,213 SH SOLE 15,155 36,350 78,708
TATA MTRS LTD SPONSORED COM 876568502 4,772 185,807 SH SOLE 25,210 49,994 110,603
TCF FINANCIAL CORP. COM COM 872275102 19,204 1,608,373 SH SOLE 309,218 14,530 1,284,625
TECO ENERGY INC COM 872375100 24,310 1,370,368 SH SOLE 270,289 13,614 1,086,465
TELEFLEX INCORPORATED COM 879369106 38,301 556,384 SH SOLE 95,503 4,321 456,560
TERADYNE INC COMMON STOC COM 880770102 2,892 203,375 SH SOLE 5,675 - 197,700
TEXTAINER GROUP HOLDINGS COM G8766E109 3,216 105,275 SH SOLE 2,700 - 102,575
THE JONES GROUP INC COM 48020T101 37,763 2,934,222 SH SOLE 514,371 22,137 2,397,714
THERMO FISHER SCIENTIFIC COM 883556102 10,161 172,711 SH SOLE 33,192 5,829 133,690
THOMPSON CREEK METALS F COM 884768102 10,576 3,710,816 SH SOLE 765,532 36,877 2,908,407
TTM TECHNOLOGIES COM 87305r109 6,396 679,026 SH SOLE 132,027 5,964 541,035
TUTOR PERINI CORP COM 901109108 25,646 2,241,752 SH SOLE 400,349 18,814 1,822,589
TELEFONICA SA SPAIN ADR COM 879382208 3,767 283,665 SH SOLE 40,883 76,253 166,529
TEVA PHARMACEUTICAL INDU COM 881624209 4,381 105,805 SH SOLE 14,334 28,602 62,869
THOMSON REUTERS CORP COM 884903105 9,668 334,986 SH SOLE 64,414 11,287 259,285
TOTAL SA ADR COM 89151E109 4,241 84,641 SH SOLE 12,044 22,755 49,842
U S BANCORP DEL NEW COM 902973304 12,203 355,776 SH SOLE 131,491 9,482 214,803
UBS AG COM h89231338 3,426 281,293 SH SOLE - 89,725 191,568
UNITED TECHNOLOGIES CORP COM 913017109 10,887 139,055 SH SOLE 47,539 3,830 87,686
UNITEDHEALTH GROUP INC COM 91324p102 3,680 66,411 SH SOLE 66,411 - -
UNUM GROUP COMMON STOCK COM 91529Y106 5,495 285,915 SH SOLE 4,807 3,138 277,970
URS CORP COMMON STOCK US COM 903236107 5,794 164,086 SH SOLE 2,925 1,596 159,565
ULTRA PETROLEUM CORP COM 903914109 3,782 172,064 SH SOLE 3,176 1,620 167,268
UMPQUA HOLDINGS CORP. COM 904214103 4,708 364,927 SH SOLE 69,230 3,227 292,470
VALERO ENERGY CORP NEW COM 91913y100 14,403 454,647 SH SOLE 102,247 12,809 339,591
VODAFONE GROUP PLC SP AD COM 92857W209 4,315 151,407 SH SOLE 17,977 41,990 91,440
VISHAY INTERTECH COM 928298108 7,047 716,911 SH SOLE 138,425 6,241 572,245
W & T OFFSHORE INC COM 92922P106 17,088 909,918 SH SOLE 175,893 8,710 725,315
WADDELL & REED FINL CL A COM 930059100 37,025 1,129,842 SH SOLE 217,779 9,825 902,238
WASHINGTON FEDERAL INC S COM 938824109 38,064 2,284,749 SH SOLE 440,323 20,231 1,824,195
WASTE MANAGEMENT INC COM 94106l109 2,973 92,672 SH SOLE 813 1,889 89,970
WEINGARTEN REALTY INVEST COM 948741103 4,435 157,775 SH SOLE 3,750 - 154,025
WELLS FARGO & CO NEW COM 949746101 21,355 618,440 SH SOLE 210,202 17,287 390,951
WESTERN UN CO COM 959802109 3,103 170,307 SH SOLE 1,550 3,497 165,260
WHIRLPOOL CORP COMMON ST COM 963320106 7,524 90,744 SH SOLE 5,549 875 84,320
WALGREEN CO COM 931422109 1,481 40,655 SH SOLE 40,655 - -
WEBSENSE INC. COM 947684106 12,461 796,206 SH SOLE 149,151 6,896 640,159
WEBSTER FINL CORP WATERB COM 947890109 21,227 895,665 SH SOLE 144,370 6,580 744,715
WESBANCO INC. COM 950810101 5,317 256,758 SH SOLE 71,314 2,915 182,529
WILEY JOHN & SONS CL A COM 968223206 16,139 351,239 SH SOLE 67,616 3,249 280,374
WINTRUST FINL CORP COM COM 97650W108 27,932 743,474 SH SOLE 142,242 6,596 594,636
WORTHINGTON INDUSTRIES I COM 981811102 21,892 1,010,730 SH SOLE 197,346 9,443 803,941
XEROX CORP COMMON STOCK COM 984121103 89 12,109 SH SOLE 12,109 - -
YAMANA GOLD INC COM 98462y100 9,811 513,384 SH SOLE 52,964 81,159 379,261
ZIMMER HOLDINGS INC COM 98956p102 3,473 51,366 SH SOLE 465 1,031 49,870
ZIONS BANCORP COM 989701107 3,268 158,200 SH SOLE 4,075 - 154,125