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: 12/31/2012 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: David H. Kanefsky Title: Chief Compliance Officer Phone: 201-793-2046 Signature, Place, and Date of Signing: /s/ David H. Kanefsky Jersey City, NJ 2/14/2013 --------------------------------- --------------------------------- ---------- [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: 284 Form 13F Information Table Value Total: $ 3,488,078 -------------- (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 5,442 261,755 26,704 83,091 151,960 ABM INDUSTRIES INC COM 000957100 14,748 739,242 212,949 1,653 524,640 AETNA INC NEW COM 00817y108 2,730 58,946 37,721 5,707 15,518 AGL RESOURCES INC COMMON STOCK COM 001204106 2,929 73,275 1,975 - 71,300 AGRIUM INC COMMON STOCK NPV COM 008916108 7,713 77,228 5,086 15,014 57,128 AIRCASTLE LTD COM G0129k104 28,291 2,256,033 652,494 3,843 1,599,696 ALLIANT TECHSYSTEMS INC COM 018804104 37,978 612,943 172,434 838 439,671 ALLIED WORLD ASSUR NEW F COM H01531104 29,366 372,659 102,152 864 269,643 ALLSTATE CORPORATION COM 020002101 6,322 157,391 48,651 8,525 100,215 ALTRIA GROUP INC COM 02209s103 272 8,659 8,550 109 - AMDOCS LTD COMMON STOCK GBP.00 COM G02602103 3,158 92,900 2,650 - 90,250 AMEREN CORP COM 023608102 2,871 93,450 2,475 - 90,975 AMERIPRISE FINANCIAL INC COMMO COM 03076C106 3,905 62,358 6,179 1,269 54,910 AMN ELEC POWER CO COM 025537101 2,881 67,494 109 1,485 65,900 ANADARKO PETROLEUM CORP COM 032511107 4,959 66,736 43,238 6,317 17,181 APACHE CORP COM 037411105 3,554 45,273 29,484 4,302 11,487 ARGO GROUP INTL HLDGS F COM G0464B107 3,728 110,988 2,925 - 108,063 ARRIS GROUP INC COMMON STOCK U COM 04269Q100 31,111 2,082,422 543,306 4,509 1,534,607 ARROW ELECTRONICS INC COMMON S COM 042735100 5,822 152,885 2,966 1,504 148,415 ASPEN INSURANCE HOLDINGF COM G05384105 37,185 1,159,132 352,408 2,084 804,640 ASTRAZENECA PLC ADR F SPONSORE COM 046353108 7,209 152,504 46,809 35,296 70,399 ATWOOD OCEANICS INC COM 050095108 34,076 744,190 190,769 1,239 552,182 AXIS CAPITAL HOLDINGS LTD COMM COM G0692U109 6,617 191,034 2,770 1,874 186,390 Agilent Technologies Inc COM 00846U101 3,377 82,481 1,834 1,767 78,880 Amcol International Corp COM 02341W103 11,249 366,648 104,756 822 261,070 Amerco COM 023586100 3,652 28,800 750 - 28,050 American Axle & Mfg Hldgs COM 024061103 32,891 2,936,734 836,645 5,726 2,094,363 Amkor Technology Inc. COM 031652100 5,126 1,208,747 354,755 1,773 852,219 Applied Materials Inc COM 038222105 3,116 272,384 25,355 4,509 242,520 Ascena Retail Group Inc. COM 04351g101 14,116 764,241 220,600 2,129 541,512 Associated Banc Corp COM 045487105 40,655 3,098,688 816,532 4,581 2,277,575 AuRico Gold Inc COM 05155c105 28,246 3,453,046 1,001,529 7,022 2,444,495 BANCO SANT SA ADR COM 05964H105 5,454 667,595 68,945 204,901 393,749 BANCORPSOUTH INC COM 059692103 26,596 1,829,136 518,619 3,685 1,306,832 BANK OF AMERICA CORP COM 060505104 3,945 339,796 220,070 32,072 87,654 BANK OF HAWAII CORP COM 062540109 32,162 730,135 187,143 1,243 541,749 BARNES GROUP INC COM 067806109 14,317 637,446 183,776 1,568 452,102 BARRICK GOLD CORPORATION COM 067901108 4,884 139,509 15,215 42,807 81,487 BEST BUY CO INC COM 086516101 2,309 194,839 65,929 9,352 119,558 BHP BILLITON LTD ADR F SPONSOR COM 088606108 8,552 109,053 33,439 25,122 50,492 BOK FINANCIAL CORPORATION COMM COM 05561Q201 2,926 53,725 1,475 - 52,250 BP PLC ADR F SPONSORED ADR 1 A COM 055622104 7,681 184,469 62,909 39,845 81,715 BRINKER INTL INC COM 109641100 29,928 965,734 249,490 1,984 714,260 BRINKS CO COM 109696104 35,750 1,253,071 338,895 2,071 912,105 Banco Bilbao Vizcaya - ADR COM 05946K101 5,253 557,627 60,421 174,009 323,197 Bank Of New York Mellon Corp. COM 064058100 3,240 126,057 83,290 11,563 31,204 Barclays PLC- ADR COM 06738E204 3,684 212,674 33,860 514 178,300 Berry Petroleum Co. COM 085789105 17,178 512,022 149,369 888 361,765 Blackrock Inc COM 09247x101 2,749 13,299 8,093 1,410 3,796 Brady Corp WI CL A COM 104674106 16,846 504,357 145,586 1,603 357,168 Brandywine Rlty Tr Sh Ben Int COM 105368203 32,913 2,699,972 766,127 3,125 1,930,720 Briggs & Stratton COM 109043109 23,573 1,118,263 325,414 2,836 790,013 Brocade Communications COM 111621306 29,540 5,542,273 1,573,922 10,991 3,957,360 C B L & ASSOC PROPERTIES REIT COM 124830100 33,905 1,598,549 404,612 1,625 1,192,312 CA INC COMMON STOCK USD.1 COM 12673P105 2,551 116,053 3,245 2,388 110,420 CARNIVAL CORP NEW F PAIRED STK COM 143658300 2,244 61,015 40,673 5,459 14,883 CARNIVAL PLC-ADR COM 14365C103 4,793 123,695 12,410 39,580 71,705 CATERPILLAR INC COMMON STOCK U COM 149123101 2,747 30,652 20,478 2,747 7,427 CEC ENTERTAINMENT INC COM 125137109 8,472 255,271 73,092 701 181,478 CELESTICA SUB VTG SHS COM 15101Q108 7,900 969,269 272,887 2,142 694,240
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 37,375 997,472 263,850 1,647 731,975 CHESAPEAKE ENERGY CORP COM 165167107 4,178 251,385 76,619 12,966 161,800 CHEVRON CORP COM 166764100 240 2,215 2,215 - - CIA Vale Do Rio Doce - ADR COM 91912e105 5,348 255,170 27,681 78,368 149,121 CIGNA CORP COMMON STOCK USD.25 COM 125509109 3,673 68,708 2,157 1,421 65,130 CITIGROUP INC COM 172967424 3,662 92,576 61,563 8,328 22,685 COEUR D ALENE MINES CORP COMMO COM 192108504 31,141 1,265,889 334,720 2,147 929,022 COMERICA INC COM COM 200340107 3,080 101,526 8,034 1,762 91,730 COMMONWEALTH REIT COM 203233101 2,125 134,131 3,450 - 130,681 COMPUTER SCIENCES CORP COMMON COM 205363104 2,487 62,105 111 1,274 60,720 CONOCOPHILLIPS COM 20825c104 3,907 67,382 44,285 6,188 16,909 CONSTELLATION BRANDS INC A COM COM 21036P108 3,330 94,100 2,500 - 91,600 CORNING INC COMMON STOCK USD.5 COM 219350105 2,600 206,023 137,456 18,451 50,116 CRANE CO COMMON STOCK USD1.0 COM 224399105 40,689 879,188 208,403 3,104 667,681 CSX Corp COM 126408103 2,060 104,424 65,547 9,784 29,093 Cabot Corp. COM 127055101 29,963 753,018 219,578 1,391 532,049 Canon Inc- ADR COM 138006309 5,787 147,591 14,833 47,344 85,414 Cardinal Health Inc. COM 14149Y108 3,545 86,090 2,791 1,779 81,520 Carlisle Cos Inc COM 142339100 31,118 529,577 150,965 933 377,679 Chemical Financial Corp. COM 163731102 8,569 360,656 102,446 534 257,676 China Mobile LTD Spn ADR COM 16941m109 5,130 87,371 9,575 26,581 51,215 Cisco Systems Inc. COM 17275R102 2,799 142,438 96,992 12,186 33,260 City National Corp. COM 178566105 12,525 252,932 72,913 379 179,640 Cooper Tire And Rubber COM 216831107 42,368 1,670,643 429,538 2,896 1,238,209 Credit Suisse Grp Spons- ADR COM 225401108 4,533 184,573 18,641 56,017 109,915 Curtiss-Wright Corp. COM 231561101 30,687 934,734 268,616 1,642 664,476 D S T SYSTEMS INC COM 233326107 39,251 647,700 166,214 1,111 480,375 DELL INC COMMON STOCK USD.01 COM 24702R101 109 10,779 10,779 - - DEVON ENERGY CP NEW COM 25179m103 3,442 66,146 40,422 6,709 19,015 DUKE REALTY CORP REIT USD.01 COM 264411505 25,472 1,836,452 440,476 8,579 1,387,397 Darden Restaurants Inc. COM 237194105 2,508 55,652 86 1,156 54,410 Delhaize Le Lion S A Adr COM 29759w101 3,835 94,571 9,622 28,994 55,955 Deutsche Bank AG REG COM D18190898 1,935 43,693 11,354 32,339 - Donnelley (R R) & Sons Co COM 257867101 215 23,939 23,939 - - Du Pont (E I) De Nemours COM 263534109 242 5,378 5,378 - - EMCOR GROUP INC COM 29084Q100 17,013 491,569 141,337 1,057 349,175 ENDO HEALTH SOLUTIONS INC COMM COM 29264F205 2,463 93,914 3,514 - 90,400 ENDURANCE SPECALTY HLDGF COM G30397106 22,748 573,144 163,351 1,062 408,731 ENERGIZER HOLDINGS INC COMMON COM 29266R108 6,888 86,117 1,146 966 84,005 ENERSYS COM 29275Y102 29,513 784,290 224,049 1,572 558,669 ENSCO PLC SPON ADR ADR USD.1 COM g3157s106 3,348 56,483 766 1,187 54,530 EPR PROPERTIES BENEFICIAL INTE COM 26884u109 3,494 75,775 2,000 - 73,775 ESTERLINE TECH CORP COM 297425100 31,260 491,433 141,724 868 348,841 EURONET WORLDWIDE INC COM 298736109 8,781 372,064 107,562 901 263,601 East West Bancorp Inc. COM 27579R104 25,991 1,209,467 310,146 1,926 897,395 Eaton Corporation PLC Ordinary COM G29183103 7,023 129,615 38,433 7,475 83,707 Energen Corp Com COM 29265N108 26,635 590,702 169,149 1,290 420,263 Eni S P A Sponsored ADR COM 26874r108 5,158 104,964 11,533 32,504 60,927 Everest Reins Hldgs COM g3223r108 3,035 27,602 977 - 26,625 FEDERATED INVESTORS INC CL B C COM 314211103 13,860 685,100 198,299 2,081 484,720 FEDEX CORPORATION COM 31428x106 2,529 27,569 17,025 2,831 7,713 FIFTH THIRD BANCORP COM 316773100 6,847 450,453 122,536 21,893 306,024 FIRSTMERIT CORP COM 337915102 30,266 2,132,887 558,541 3,034 1,571,312 FOSTER WHEELER AG COM h27178104 42,365 1,741,974 463,597 71,759 1,206,618 FREEPORT MCMORAN COPPER COMMON COM 35671D857 2,167 63,368 43,167 5,388 14,813 FULTON FINANCIAL CORP COM 360271100 36,243 3,771,373 991,095 6,053 2,774,225 First Horizon National Corp COM 320517105 29,499 2,976,666 837,216 6,110 2,133,340 First Midwest Bancorp, Inc. COM 320867104 10,458 835,302 239,578 1,699 594,025 First Niagara Financial Group COM 33582V108 24,220 3,054,268 867,056 7,803 2,179,409 Ford Motor Co COM 345370860 445 34,399 34,399 - -
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 ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- --------- GENERAL CABLE CP DE NEW COM 369300108 35,778 1,176,523 284,159 4,186 888,178 GENERAL ELECTRIC COMPANY COM 369604103 2,806 133,695 86,976 12,547 34,172 GOLDMAN SACHS GROUP INC COM 38141g104 3,295 25,834 17,195 2,286 6,353 Glacier Bancorp New Com COM 37637Q105 6,843 465,183 132,300 693 332,190 HALLIBURTON CO COMMON STOCK US COM 406216101 2,488 71,719 48,259 6,162 17,298 HANESBRANDS INC COM 410345102 41,035 1,145,576 304,116 1,980 839,480 HANOVER INSURANCE GROUP COM 410867105 30,118 777,444 224,756 1,248 551,440 HARRIS CORP COMMON STOCK USD1. COM 413875105 3,369 68,818 680 1,488 66,650 HARTFORD FINL SVCS GRP COM 416515104 11,005 490,415 99,803 16,458 374,154 HELEN OF TROY LTD F COM G4388N106 19,601 586,512 167,039 1,429 418,044 HEWLETT PACKARD CO COMMON STOC COM 428236103 1,638 114,951 77,519 9,457 27,975 HOSPITALITY PPTYS TRUST BENEFI COM 44106M102 36,227 1,546,858 365,643 4,907 1,176,308 HSBC Hldgs PLC Spons-ADR COM 404280406 5,124 96,550 9,811 30,249 56,490 Hancock Hldg Co Com COM 410120109 30,887 973,438 274,050 1,388 698,000 Harsco Corp Com COM 415864107 3,425 145,725 3,925 - 141,800 Hill-Rom Holdings Inc COM 431475102 21,641 759,334 212,455 1,665 545,214 Hillenbrand Inc COM 431571108 11,253 497,699 143,971 959 352,769 Huntsman Corp COM 447011107 29,022 1,825,311 417,440 6,991 1,400,880 Hyster-Yale Materials Class A COM 449172105 3,858 79,065 22,379 118 56,568 IAMgold Corporation COM 450913108 1,923 167,675 4,300 - 163,375 IDACORP INCORPORATED COM 451107106 29,857 688,750 193,988 1,386 493,376 ING GP NV SPSD ADR COM 456837103 5,035 530,562 57,007 169,406 304,149 INTL SPEEDWAY CL A COM 460335201 22,561 815,966 237,365 1,916 576,685 ITAU UNIBANCO HLDNG-PREF ADR COM 465562106 5,470 332,319 35,523 106,254 190,542 ITRON INC COM 465741106 14,018 314,657 90,744 488 223,425 ITT CORP COMMON STOCK USD1.0 COM 450911201 33,902 1,445,093 409,574 3,014 1,032,505 Independent Bk Cp Mass Com COM 453836108 6,191 213,850 60,805 325 152,720 Ingersoll Rand Plc COM g47791101 3,512 73,229 6,332 1,447 65,450 Ingram Micro Inc COM 457153104 28,355 1,675,839 484,613 3,225 1,188,001 Intel Corp COM 458140100 2,599 126,041 83,724 11,285 31,032 Interactive Brokers Group. COM 45841n107 12,625 922,857 264,558 1,707 656,592 International Bncshrs Com COM 459044103 7,056 390,066 111,253 533 278,280 Invesco Ltd COM g491bt108 3,031 116,158 189 2,569 113,400 Ishares Tr Russell 2000 COM 464287655 40,254 477,404 104,658 - 372,746 JABIL CIRCUIT INC COM 466313103 3,091 160,239 5,589 - 154,650 JARDEN CORP COM 471109108 13,507 261,255 74,933 616 185,706 JOY GLOBAL INC COMMON STOCK US COM 481165108 5,054 79,236 1,883 548 76,805 JPMORGAN CHASE & CO COM 46625h100 3,370 76,650 52,192 6,523 17,935 KB Financial Group Inc-ADR COM 48241a105 4,831 134,576 14,622 40,824 79,130 KINROSS GOLD CORP COM 496902404 7,519 773,511 49,354 155,859 568,298 KLA-TENCOR Corp COM 482480100 6,334 132,613 1,959 1,294 129,360 KROGER CO COMMON STOCK USD1.0 COM 501044101 321 12,343 12,343 - - Keycorp COM 493267108 5,449 647,105 166,044 36,322 444,739 Koppers COM 50060P106 7,679 201,296 57,998 678 142,620 Kulicke & Soffa Industries COM 501242101 7,645 637,601 184,236 2,304 451,061 L 3 COMMUNICATIONS HLDGS INC C COM 502424104 3,555 46,396 4,652 844 40,900 LIFEPOINT HOSPITALS INC COM 53219L109 32,033 848,559 216,444 1,430 630,685 LINCOLN NATIONAL CORP COMMON S COM 534187109 3,823 147,610 1,303 2,727 143,580 LORILLARD INC COMMON STOCK USD COM 544147101 2,728 23,382 37 495 22,850 Lakeland Financial Corp. COM 511656100 6,026 233,189 66,465 334 166,390 Lear Corp. COM 521865204 3,636 77,630 124 1,656 75,850 MACK CALI REALTY CORP REIT USD COM 554489104 3,014 115,419 189 - 115,230 MARATHON OIL CORP COM 565849106 3,525 114,955 3,770 2,365 108,820 MCGRATH RENTCORP COM 580589109 4,754 163,385 47,056 656 115,673 MEREDITH CORP COM 589433101 36,978 1,073,396 278,081 1,810 793,505 METLIFE INC COMMON STOCK USD.0 COM 59156R108 2,654 80,562 53,721 7,242 19,599 MICROSEMI CORPORATION COM 595137100 37,583 1,786,248 463,883 2,990 1,319,375 MICROSOFT CORP COM 594918104 2,395 89,683 59,994 7,988 21,701 MOLSON COOR BREW CO CL B COM 60871r209 2,930 68,469 108 1,391 66,970 MONTPELIER RE HLDGS LTD COM G62185106 19,213 840,458 237,110 1,878 601,470
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 ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- --------- MURPHY OIL CORP COMMON STOCK U COM 626717102 3,304 55,475 765 1,180 53,530 Mantech International Corp. - COM 564563104 2,352 90,675 2,400 - 88,275 Marvell Technology Group Ltd COM G5876H105 4,253 585,703 36,026 110,936 438,741 Matthews International Corp COM 577128101 8,063 251,177 72,161 711 178,305 Mentor Graphics Corp COM 587200106 15,907 934,599 270,093 2,256 662,250 Mitsubishi UFJ Financial Group COM 606822104 5,641 1,040,861 104,606 333,889 602,366 N V ENERGY INC COM 67073Y106 24,529 1,352,222 364,385 3,170 984,667 NASDAQ OMX GROUP/THE COMMON ST COM 631103108 3,208 128,352 207 2,415 125,730 NBT Bancorp COM 628778102 6,619 326,564 93,067 353 233,144 NCR Corp COM 62886E108 37,025 1,453,087 341,987 5,387 1,105,713 NEWMONT MINING CORP COM 651639106 2,637 56,779 37,969 5,118 13,692 NORFOLK SOUTHERN CORP COMMON S COM 655844108 3,247 52,514 1,848 1,096 49,570 NUCOR CORP COMMON STOCK USD.4 COM 670346105 2,871 66,515 103 1,282 65,130 Nabors Industries Ltd. COM G6359F103 3,246 224,606 22,681 - 201,925 Nacco Inds Inc Cl A COM 629579103 2,401 39,559 11,324 53 28,182 Nippon Teleg Adr COM 654624105 4,492 213,599 22,742 64,043 126,814 Nomura Hldg Inc Spons- ADR COM 65535H208 6,627 1,129,032 113,698 342,897 672,437 OWENS &MINOR INC HLDG CO COM 690732102 31,458 1,103,404 290,325 1,818 811,261 OWENS ILLINOIS INC COMMON STOC COM 690768403 5,872 276,077 4,618 3,089 268,370 Olin Corp COM 680665205 30,180 1,397,890 402,096 2,554 993,240 Omega Healthcare Investors COM 681936100 35,407 1,484,577 422,088 2,479 1,060,010 Oshkosh Truck Corp. COM 688239201 7,201 242,876 3,838 1,963 237,075 PAN AMERICAN SILVER CP F COM 697900108 26,313 1,404,840 406,798 3,186 994,856 PFIZER INCORPORATED COM 717081103 2,784 110,998 69,858 10,964 30,176 PITNEY BOWES INC COM 724479100 1,787 167,938 19,888 - 148,050 PLANTRONICS INC COM 727493108 29,169 791,130 227,022 1,588 562,520 PLATINUM UNDERWRITERS F COM G7127P100 27,906 606,646 172,371 1,198 433,077 PMC SIERRA INC COM 69344F106 9,863 1,893,029 1,255,901 8,668 628,460 PNC FINL SERVICES GP INC COM 693475105 2,159 37,027 23,437 3,607 9,983 PPL CORPORATION COMMON STOCK U COM 69351T106 3,131 109,344 3,989 2,280 103,075 PROTECTIVE LIFE CORP COM 743674103 32,496 1,137,033 325,395 1,885 809,753 PartnerRe Ltd. COM G6852T105 3,208 39,859 62 846 38,951 Pennsylvania Rl Est Tr Sh Ben COM 709102107 23,367 1,324,680 383,367 3,158 938,155 Perkinelmer Inc. COM 714046109 27,880 878,390 261,325 1,550 615,515 Petroleo Brasileiro S/A COM 71654v408 4,844 248,815 25,283 77,035 146,497 Portland General Electric COM 736508847 34,689 1,267,865 338,763 2,114 926,988 Prosperity Bancshares Inc. COM 743606105 20,512 488,379 138,862 1,144 348,373 RAYMOND JAMES FINL INC COM 754730109 3,700 96,025 2,650 - 93,375 RELIANCE STEEL + ALUMINUM COMM COM 759509102 4,524 72,850 1,925 - 70,925 ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 4,429 64,233 7,240 20,270 36,723 RYDER SYSTEM INC COM 783549108 35,335 707,689 194,835 2,659 510,195 Rock-Tenn COM 772739207 6,425 91,910 1,525 1,005 89,380 Rosetta Resources Inc COM 777779307 2,893 63,825 1,725 - 62,100 SENIOR HOUSING PROP TRUST REIT COM 81721M109 3,390 143,380 226 3,059 140,095 SK TELECOM ADR COM 78440P108 4,907 309,964 31,494 97,117 181,353 SMITH-NPHW PLC SPADR NEW COM 83175M205 4,770 86,105 8,797 27,116 50,192 SPIRIT AEROSYSTEMS HOLD CL A C COM 848574109 2,463 145,125 3,725 - 141,400 SPX Corp. COM 784635104 25,558 364,328 93,956 507 269,865 STAPLES INC COM 855030102 5,744 503,822 160,481 25,814 317,527 SUMITOMO MITSUI-SPONS ADR COM 86562M209 5,724 779,795 78,324 250,454 451,017 SUNTRUST BANKS INC COM 867914103 6,706 236,546 73,615 12,769 150,162 SUPERIOR ENERGY SERVICES COM 868157108 27,077 1,306,827 348,576 2,045 956,206 SYMANTEC CORP COMMON STOCK USD COM 871503108 3,915 208,041 19,003 3,997 185,041 SYMETRA FINANCIAL CORP COM 87151q106 12,510 963,795 277,256 1,994 684,545 SYNOPSYS INC COMMON STOCK USD. COM 871607107 7,853 246,685 4,030 2,063 240,592 Schulman A Inc Com COM 808194104 9,419 325,501 94,077 784 230,640 Siemens AG ADR COM 826197501 5,513 50,358 5,116 15,821 29,421 St Jude Medical Inc COM 790849103 5,226 144,614 44,751 7,634 92,229 StatoilHydro ASA COM 85771p102 4,884 195,037 21,201 60,245 113,591 Steel Dynamics Inc Com COM 858119100 25,533 1,859,647 532,633 4,131 1,322,883
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 ------------------------------ -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------- --------- Suncor Energy Inc. COM 867224107 4,592 139,248 15,228 43,757 80,263 TATA MTRS LTD SPONSORED ADR COM 876568502 5,560 193,598 20,759 60,051 112,788 TCF Financial Corp. Com COM 872275102 19,301 1,588,540 458,255 3,276 1,127,009 TECO ENERGY INC COM 872375100 22,781 1,359,248 309,974 3,334 1,045,940 TELEFLEX INCORPORATED COM 879369106 32,389 454,199 115,443 896 337,860 TERADYNE INC COMMON STOCK USD. COM 880770102 3,463 205,040 7,340 - 197,700 TEXTAINER GROUP HOLDINGS LTD C COM G8766E109 3,314 105,350 2,775 - 102,575 THE JONES GROUP INC COM 48020T101 25,545 2,309,675 606,286 3,122 1,700,267 THERMO FISHER SCIENTIFIC INC C COM 883556102 3,005 47,111 30,504 4,428 12,179 TTM Technologies COM 87305r109 6,184 672,946 196,332 994 475,620 TUTOR PERINI CORP COM 901109108 20,510 1,497,089 375,468 2,980 1,118,641 Telefonica SA Spain ADR COM 879382208 4,864 360,539 38,208 108,099 214,232 Teva Pharmaceutical Industries COM 881624209 4,394 117,667 12,795 37,216 67,656 Thomson Reuters Corp COM 884903105 2,646 91,061 59,253 8,594 23,214 Total SA ADR COM 89151E109 4,641 89,229 9,904 28,499 50,826 Trinity Industries COM 896522109 3,261 91,050 2,450 - 88,600 U S BANCORP DEL NEW COM 902973304 2,285 71,550 44,743 7,216 19,591 UBS AG COM h89231338 4,181 265,601 - 87,562 178,039 UNITED TECHNOLOGIES CORP COM 913017109 2,352 28,681 17,790 2,911 7,980 UNITEDHEALTH GROUP INC COM 91324p102 370 6,814 6,814 - - UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 5,919 284,312 5,094 3,138 276,080 URS CORP COMMON STOCK USD.01 COM 903236107 6,410 163,277 3,129 1,543 158,605 Ultra Petroleum Corp COM 903914109 3,088 170,335 2,596 1,421 166,318 Umpqua Holdings Corp. COM 904214103 4,229 358,690 100,875 700 257,115 United Therapueutics Corp. COM 91307C102 3,046 57,025 1,525 - 55,500 VALERO ENERGY CORP NEW COM 91913y100 6,364 186,505 60,385 10,249 115,871 VODAFONE GROUP PLC SP ADR ADR COM 92857W209 4,546 180,478 17,803 54,474 108,201 Vishay Intertech COM 928298108 7,508 706,318 201,627 1,141 503,550 W & T OFFSHORE INC COM 92922P106 14,423 899,779 259,924 2,204 637,651 WADDELL & REED FINL CL A COM 930059100 38,489 1,105,361 313,694 1,754 789,913 WASHINGTON FEDERAL INC SEATTLE COM 938824109 37,707 2,235,158 634,240 3,848 1,597,070 WASTE MANAGEMENT INC COM 94106l109 3,065 90,852 143 1,889 88,820 WEINGARTEN REALTY INVESTORS RE COM 948741103 3,522 131,575 3,750 - 127,825 WELLS FARGO & CO NEW COM 949746101 4,840 141,602 93,055 13,163 35,384 WESTERN UN CO COM 959802109 2,294 168,545 2,312 3,083 163,150 Websense Inc. COM 947684106 11,766 782,286 217,656 1,107 563,523 Webster Finl Corp Waterbury COM 947890109 18,155 883,460 208,909 1,542 673,009 WesBanco Inc. COM 950810101 5,612 252,565 99,212 342 153,011 Wiley John & Sons CL A COM 968223206 13,598 349,304 100,240 768 248,296 Wintrust Finl Corp Com COM 97650W108 26,945 734,199 210,695 1,408 522,096 Worthington Industries Inc COM 981811102 25,807 992,946 284,556 2,217 706,173 YAMANA GOLD INC COM 98462y100 8,206 476,810 41,720 84,872 350,218 ZIMMER HOLDINGS INC COM 98956p102 3,356 50,341 80 1,031 49,230 Zions Bancorp COM 989701107 3,388 158,325 4,200 - 154,125