13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2010 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Keeley Asset Management Corp. Address: 401 S. LaSalle Street Suite 1201 Chicago, IL 60605 Form 13F File Number: 28-6810 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Persons Signing this Report on Behalf of Reporting Manager: Name: John L. Keeley, Jr. Title: President Phone: 312-786-5000 Signature, Place, and Date of Signing: /s/ John L. Keeley, Jr. Chicago, IL 8/10/2010 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 335 Form 13F Information Table Value Total: $ 5,791,117 -------------- (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. NONE
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. SPONSORED ADR 375204 1605 106950.000 SH SOLE 106950 0 0 AECOM Technology COM 00766t100 56105 1825740.000 SH SOLE 1793740 0 32000 AMCOL International Corp COM 02341W103 41928 2001345.000 SH SOLE 2001345 0 0 Abbott Labs COM 2824100 480 9000.000 SH SOLE 9000 0 0 Acuity Brands Inc COM 00508y102 73827 2114780.000 SH SOLE 2027620 0 87160 Air Methods Corp. COM 9128307 831 52000.000 SH SOLE 52000 0 0 Albany Intl Corp CL A 12348108 18361 1430000.000 SH SOLE 1430000 0 0 Alleghany Energy Inc COM 17361106 15570 459845.000 SH SOLE 360845 0 99000 Allete Inc COM 18522300 10807 334880.000 SH SOLE 306480 0 28400 Allis Chalmers Energy Inc. COM 19645506 10742 1953000.000 SH SOLE 1953000 0 0 Allstate Corp COM 20002101 575 17550.000 SH SOLE 17550 0 0 Altra Holdings Inc. COM 02208r106 22081 2791540.000 SH SOLE 2686040 0 105500 Amerco COM 23586100 22049 638560.000 SH SOLE 593960 0 44600 American Express COM 25816109 240 12950.000 SH SOLE 12950 0 0 American Railcar Ind. COM 02916p103 21733 2063943.092 SH SOLE 1984563 0 79380 Ameriprise Financial COM 03076c106 4513 193193.000 SH SOLE 172493 0 20700 AmerisourceBergen Corp COM 03073e105 78878 2211950.000 SH SOLE 2142770 0 69180 Ametek COM 31100100 3235 107090.000 SH SOLE 92930 0 14160 Ampco Pittsburgh COM 32037103 21863 1007500.000 SH SOLE 1007500 0 0 Aptargroup COM 38336103 6012 170590.000 SH SOLE 169860 0 730 Aqua America Inc COM 03836w103 2883 140000.000 SH SOLE 140000 0 0 Arch Chemicals Inc. COM 03937r102 42389 1625970.000 SH SOLE 1625360 0 610 Arthur J. Gallagher & Co. COM 363576109 19181 740280.000 SH SOLE 740280 0 0 Ashland Inc. COM 44209104 21392 2035361.000 SH SOLE 2022061 0 13300 Azz Incorporated COM 2474104 26104 1040000.000 SH SOLE 1040000 0 0 BOISE INC COM COM 09746y105 4 10000.000 SH SOLE 10000 0 0 BP Plc SPONSORED ADR 55622104 283 6058.000 SH SOLE 6058 0 0 BankFinancial Corp COM 06643p104 19939 1956770.258 SH SOLE 1882870 0 73900 Basic Energy Services COM 06985p100 17461 1339000.000 SH SOLE 1339000 0 0 Beacon Federal Bancorp, Inc. COM 73582108 246 30000.000 SH SOLE 30000 0 0 Beneficial Mut Bancorp Inc. COM 08173r104 17950 1595575.000 SH SOLE 1590745 0 4830 Black Hills Corp. COM 92113109 31133 1154800.000 SH SOLE 1154800 0 0 Boston Private Financial Hldgs COM 101119105 185 27000.000 SH SOLE 27000 0 0 Brinks Co COM 109696104 17622 655562.631 SH SOLE 613592.6 0 41970 Brinks Home Security Hldgs Inc. COM 109699108 19860 906042.116 SH SOLE 859072.1 0 46970 Broadridge Fincl Sol COM 11133t103 14198 1132215.000 SH SOLE 1128365 0 3850 Brookline Bancorp Inc COM 11373m107 12796 1201500.000 SH SOLE 1201500 0 0 Brush Engineered Matl Inc Hldg COM 117421107 15550 1222465.000 SH SOLE 1222465 0 0 Bucyrus International Inc COM 118759109 40086 2164494.000 SH SOLE 2084854 0 79640 CIT Group COM NEW 125581951 204 45000.000 SH SOLE 45000 0 0 CKE Restaurants Inc COM 12561E105 23314 2686000.000 SH SOLE 2686000 0 0 CRM Holdings Ltd COM g2554p103 83 49000.000 SH SOLE 49000 0 0 CVS Caremark Corp COM 126650100 1312 45635.000 SH SOLE 45635 0 0 Calamos Asset Management Inc. CL A 12811r104 222 30000.000 SH SOLE 30000 0 0 Calpine Corporation COM NEW 131347304 8135 1117420.000 SH SOLE 1046320 0 71100 Canadian Pac Ry Ltd COM 13645t100 2546 75725.000 SH SOLE 75725 0 0 Carmike Cinemas Inc COM 143436400 4699 1287500.000 SH SOLE 1287500 0 0 Carrizo Oil & Co Inc COM 144577103 16532 1026845.000 SH SOLE 1026845 0 0 Castle A M & Co COM 148411101 19883 1835950.000 SH SOLE 1835950 0 0 Cathay General Bancorp COM 149150104 16744 705000.000 SH SOLE 705000 0 0 Cemex S.A.B. de C.V. SPON ADR NEW 151290889 183 20000.000 SH SOLE 20000 0 0 Centerpoint Energy Inc COM 15189t107 3130 248000.000 SH SOLE 214000 0 34000 Cenveo Inc. COM 15670s105 7721 1735000.000 SH SOLE 1735000 0 0 Chesapeake Energy Corp COM 165167107 471 29100.000 SH SOLE 0 0 29100 Chicago Bridge & Iron COM 167250109 26281 2614995.316 SH SOLE 2463975 0 151020 Chiquita Brands Intl Inc. COM 170032809 22540 1525000.000 SH SOLE 1525000 0 0 Cimarex Energy Co COM 171798101 2067 77180.316 SH SOLE 60530.32 0 16650 Circor Intl Inc COM 17273k109 42870 1558890.949 SH SOLE 1519131 0 39760 Citigroup Inc COM 172967101 739 110200.000 SH SOLE 110200 0 0 Citizens First Bancorp COM 17461r106 1508 718218.000 SH SOLE 705073 0 13145
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 -------------------------------- ---------------- --------- -------- ----------- --- ---- ---------- -------- -------- ------ ------ Clearwater Paper Corp. COM 18538r103 101 12000.000 SH SOLE 12000 0 0 Cleco Corp. COM 12561w105 41747 1828590.000 SH SOLE 1813440 0 15150 Colfax Corp COM 194014106 36633 3525790.000 SH SOLE 3383020 0 142770 Compass Minerals Intl Inc. COM 20451n101 67545 1151460.000 SH SOLE 1151150 0 310 Comstock Resources Inc COM NEW 205768203 92660 1961055.000 SH SOLE 1893335 0 67720 Conseco Inc COM NEW 208464883 201 38773.980 SH SOLE 38773.98 0 0 Consol Energy Inc. COM 20854P109 2104 73610.000 SH SOLE 72850 0 760 Contango Oil and Gas Co. COM NEW 21075n204 37158 660000.000 SH SOLE 660000 0 0 Covanta Hldg Corp COM 22282e102 63178 2876949.000 SH SOLE 2729896 0 147053 Covidien PLC SHS g2554f105 5083 140257.000 SH SOLE 140257 0 0 Cowen Group Inc. COM 223622101 4772 750300.000 SH SOLE 750300 0 0 Crane Co. COM 224399105 1938 112400.000 SH SOLE 92000 0 20400 Danvers Bancorp Inc. COM 236442109 8980 671625.000 SH SOLE 671625 0 0 Deltic Timber Corp COM 247850100 43241 945149.255 SH SOLE 899969.3 0 45180 Dennys Corporation COM 24869p104 11363 5710000.000 SH SOLE 5710000 0 0 Devon Energy Corp. COM 25179m103 263 4000.000 SH SOLE 4000 0 0 Dillard Inc. CL A 254067101 1384 348580.000 SH SOLE 318580 0 30000 DineEquity Inc. COM 254423106 15753 1362739.000 SH SOLE 1332469 0 30270 Discover Financial Svc COM 254709108 1395 146372.000 SH SOLE 146372 0 0 Dover Corp. COM 260003108 7473 227007.000 SH SOLE 208407 0 18600 Dr Pepper Snapple Group COM 26138e109 12041 740970.000 SH SOLE 670970 0 70000 Dresser-Rand Group Inc COM 261608103 20992 1216950.000 SH SOLE 1216950 0 0 Duff & Phelps CL A 26433b107 2025 105900.000 SH SOLE 105900 0 0 Duke Energy Corporation COM 26441C105 158 10500.000 SH SOLE 10500 0 0 ESSA BANCORP INC COM COM 29667d104 353 25000.000 SH SOLE 25000 0 0 Eastern Ins Holdings Inc. COM 276534104 2173 270650.000 SH SOLE 243250 0 27400 Eaton Vance Tax Mged Gbl BUYWR COM 27829c105 132 13005.000 SH SOLE 13005 0 0 Emeritus Corp COM 291005106 4313 430000.000 SH SOLE 430000 0 0 Enpro Industries Inc. COM 29355x107 45128 2095069.000 SH SOLE 1983099 0 111970 Entergy Corp New COM 29364G103 665 8000.000 SH SOLE 8000 0 0 Epoch Hldg Corp COM 29428r103 20726 2730743.000 SH SOLE 2486243 0 244500 Exco Resources Inc. COM 269279402 39687 4380410.000 SH SOLE 4280600 0 99810 Exelon Corp COM 30161n101 676 12150.000 SH SOLE 12150 0 0 Express Scripts Inc. COM 302182100 208 3790.000 SH SOLE 3790 0 0 Exxon Corp COM 30231G102 399 5000.000 SH SOLE 5000 0 0 FMC Corp. COM 302491303 9417 210530.000 SH SOLE 197350 0 13180 FMC Technologies COM 30249u101 19480 817467.000 SH SOLE 743677 0 73790 FactSet Research Systems, Inc. COM 303075105 221 5000.000 SH SOLE 5000 0 0 Federal Signal Corp. COM 313855108 23563 2870000.000 SH SOLE 2870000 0 0 Fidelity National Info COM 31620m106 2200 135216.000 SH SOLE 111000 0 24216 Fidelity Natl Finl Inc COM 31620r105 3506 197521.000 SH SOLE 174521 0 23000 First Financial Northwest Inc. COM 32022k102 6234 667500.000 SH SOLE 667500 0 0 First Niagara Financial GP Inc COM 33582v108 60817 3761072.000 SH SOLE 3676052 0 85020 Flotek Industries Inc. Del COM 343389102 40 16000.000 SH SOLE 16000 0 0 Flowers Foods Inc COM 343498101 92800 3809528.697 SH SOLE 3651622 0 157907 Flowserve Corp. COM 34354p105 45382 881200.000 SH SOLE 862630 0 18570 Ford Motor Co. COM 345370860 115 50000.000 SH SOLE 50000 0 0 Forestar Group, Inc. COM 346233109 20699 2174274.000 SH SOLE 2025792 0 148482 Fortune Brands COM 349631101 2247 54430.000 SH SOLE 44000 0 10430 Foster L B Co. COM 350060109 54608 1745775.000 SH SOLE 1639015 0 106760 Foster Wheeler AG COM H27178104 50735 2170001.000 SH SOLE 2112041 0 57960 Frontier Communications Corp. COM 35906A108 8169 934699.000 SH SOLE 888899 0 45800 Furmanite Corp COM 361086101 717 133000.000 SH SOLE 133000 0 0 GAMCO Invs Inc COM 361438104 1803 66000.000 SH SOLE 66000 0 0 GATX Corp. COM 361448103 44132 1425000.000 SH SOLE 1425000 0 0 GP Strategies Corp. COM 36225v104 3450 765000.000 SH SOLE 765000 0 0 GS FINL CORP COM COM 362274102 163 13041.000 SH SOLE 13041 0 0 Gardner Denver Inc COM 365558105 36221 1551900.000 SH SOLE 1470200 0 81700 Gaylord Entmt Co. COM 367905106 21340 1968670.000 SH SOLE 1936420 0 32250 General Cable Corp. COM 369300108 15037 850000.000 SH SOLE 850000 0 0
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 Electric Co COM 369604103 344 21210.000 SH SOLE 21210 0 0 Genesee & Wyoming COM 371559105 74850 2454085.000 SH SOLE 2362585 0 91500 Genworth Financial COM 37247d106 198 70000.000 SH SOLE 70000 0 0 Goldman Sachs Group Inc. COM 38141G104 211 2500.000 SH SOLE 2500 0 0 Goodrich Petroleum Corp COM NEW 382410405 83709 2794960.000 SH SOLE 2686460 0 108500 Goodyear Tire & Rubber COM 382550101 72 12000.000 SH SOLE 12000 0 0 Graco Inc COM 384109104 44999 1896300.000 SH SOLE 1885000 0 11300 Granite Construction Inc COM 387328107 60087 1367800.000 SH SOLE 1367800 0 0 Great Lakes Dredge & Dock Corp COM 390607109 800 192700.000 SH SOLE 192700 0 0 Greenbrier Cos Inc COM 393657101 13680 1991300.000 SH SOLE 1991300 0 0 Greenhill & Co Inc. COM 395259104 55990 802500.000 SH SOLE 802500 0 0 HCC Insurance Holdings COM 404132102 60585 2264850.000 SH SOLE 2232850 0 32000 Hain Celestial Group Inc. COM 405217100 210 11000.000 SH SOLE 11000 0 0 Halliburton Co COM 406216101 1949 107220.000 SH SOLE 107220 0 0 Hanesbrands Inc COM 410345102 32787 2571510.000 SH SOLE 2478280 0 93230 Hanover Ins Group Inc COM 410867105 82105 1910750.000 SH SOLE 1900150 0 10600 Harsco Corp COM 415864107 10709 386870.000 SH SOLE 318770 0 68100 Hawaiian Electric Industries COM 419870100 33072 1493750.000 SH SOLE 1476750 0 17000 Haynes Intl Inc. COM 420877201 19130 777000.000 SH SOLE 777000 0 0 Helmerich & Payne Inc COM 423452101 2380 104595.000 SH SOLE 102715 0 1880 Hexcel Corp COM 428291108 23259 3147345.000 SH SOLE 3026265 0 121080 Hill International Inc. COM 431466101 706 100300.000 SH SOLE 100300 0 0 Hill-Rom Holdings Inc COM 431475102 53516 3251290.000 SH SOLE 3179830 0 71460 HomeFederal Bancorp COM 43710G105 18246 1702039.000 SH SOLE 1668694 0 33345 Honeywell COM 438516106 4474 136280.000 SH SOLE 114980 0 21300 Hudson City Bancorp COM 443683107 5677 355700.000 SH SOLE 320000 0 35700 IShares Inc MSCI CDA Index 464286509 317 18209.732 SH SOLE 18209.73 0 0 IShares TR Index RUSSELL 2000 464287655 11705 237720.000 SH SOLE 237720 0 0 IShares TR Index RUSSELL MCP VL 464287473 2397 84300.000 SH SOLE 84300 0 0 ITC Holdings Corp COM 465685105 69371 1588155.000 SH SOLE 1533255 0 54900 ITT Corp. COM 450911102 10970 238520.000 SH SOLE 218560 0 19960 Iberiabank Corp. COM 450828108 40080 835000.000 SH SOLE 835000 0 0 Idex Corp COM 45167r104 2669 110500.000 SH SOLE 96500 0 14000 Ingersoll Rand COM G4776G101 2405 138600.000 SH SOLE 114200 0 24400 Integrated Electrical Svcs COM 45811E301 8348 953000.000 SH SOLE 953000 0 0 Integrys Energy Group Inc COM 45822P105 6414 149230.000 SH SOLE 135750 0 13480 Interactive Data Corp COM 45840j107 4706 190830.000 SH SOLE 154530 0 36300 Intercontinental Exchange Inc COM 45865v100 206 2500.000 SH SOLE 2500 0 0 Interstate Hotels & Resorts COM 46088s106 1538 2229000.000 SH SOLE 2229000 0 0 Invesco Ltd. COM G491BT108 18721 1296460.000 SH SOLE 1293960 0 2500 Investment Technology COM 46145f105 29877 1315000.000 SH SOLE 1315000 0 0 IShares TR Index RUSL 2000 VALU 464287630 33129 673770.000 SH SOLE 673770 0 0 JP Morgan Chase & Co COM 46625h100 1494 47390.000 SH SOLE 47390 0 0 Janus Cap Group Inc COM 47102x105 2698 336040.000 SH SOLE 336040 0 0 Jefferies Group Inc. COM 472319102 4616 328340.000 SH SOLE 299090 0 29250 John Bean Tech, Corp. COM 477839104 13355 1634694.000 SH SOLE 1513572 0 121122 Joy Global Inc COM 481165108 34985 1528396.351 SH SOLE 1452819 0 75577 KBR Inc. COM 48242w106 3745 246370.000 SH SOLE 244670 0 1700 Kaiser Aluminum Corp New COM 483007704 27320 1213160.000 SH SOLE 1211740 0 1420 Kaman Corp COM 483548103 19762 1090000.000 SH SOLE 1090000 0 0 Kansas City Southern COM 485170302 46664 2449529.000 SH SOLE 2341509 0 108020 Kaydon Corp. COM 486587108 48018 1397900.000 SH SOLE 1372900 0 25000 Key Energy Services, Inc. COM 492914106 14840 3365000.000 SH SOLE 3365000 0 0 Key Technology Inc COM 493143101 850 45000.000 SH SOLE 45000 0 0 Knight Capital Group, Inc. COM 499005106 404 25000.000 SH SOLE 25000 0 0 Koppers Holdings Inc. COM 50060p106 32456 1501190.000 SH SOLE 1501190 0 0 Ladish Co Inc COM 505754200 18628 1345000.000 SH SOLE 1345000 0 0 Lance Inc. COM 514606102 44676 1947500.000 SH SOLE 1947500 0 0 Layne Christensen Company COM 521050104 36855 1535000.000 SH SOLE 1535000 0 0 Lazard Ltd. COM g54050102 3450 116000.000 SH SOLE 105000 0 11000
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 -------------------------------- ---------------- --------- -------- ----------- --- ---- ---------- -------- -------- ------ ------ Legacy Bancorp Inc CL A 52463g105 224 21000.000 SH SOLE 21000 0 0 Leggett & Platt Inc. COM 524660107 5679 373880.000 SH SOLE 339880 0 34000 Lender Processing Services COM 52602e102 3791 128721.000 SH SOLE 107284 0 21437 Lennar Corp CL A 526057104 121 14000.000 SH SOLE 14000 0 0 Leucadia National Corp COM 527288104 8772 443037.000 SH SOLE 332647 0 110390 Lindsay Corp COM 535555106 23048 725000.000 SH SOLE 725000 0 0 Lufkin Inds. Inc COM 549764108 24875 721000.000 SH SOLE 721000 0 0 MB Financial Inc COM 55264u108 46509 1664001.000 SH SOLE 1658791 0 5210 Mac-Gray Corp COM 554153106 3847 612500.000 SH SOLE 612500 0 0 Macys Inc COM 55616p104 207 20000.000 SH SOLE 20000 0 0 Magnetek Inc. COM 559424106 684 285000.000 SH SOLE 285000 0 0 Maidenform Brands Inc COM 560305104 26212 2582500.000 SH SOLE 2582500 0 0 Manitowoc Company Inc. COM 563571108 14546 1679640.000 SH SOLE 1645050 0 34590 Marathon Oil Corp COM 565849106 769 28100.000 SH SOLE 28100 0 0 Marcus Corp. COM 566330106 35057 2160000.000 SH SOLE 2160000 0 0 Marketaxess Hldgs Inc COM 57060d108 12925 1584000.000 SH SOLE 1584000 0 0 Marshall & Ilsley Corp COM 571837103 859 63000.000 SH SOLE 63000 0 0 Martin Marietta Matererials In COM 573284106 12908 132961.000 SH SOLE 123961 0 9000 Masco Corp. COM 574599106 156 14000.000 SH SOLE 14000 0 0 McDermott Intl Inc COM 580037109 23904 2419412.000 SH SOLE 2308622 0 110790 McGraw Hill Cos Inc COM 580645109 1623 70000.000 SH SOLE 70000 0 0 McKesson Corp COM 58155Q103 767 19800.000 SH SOLE 19800 0 0 Meadowbrook Insurance Group COM 58319p108 12268 1905000.000 SH SOLE 1905000 0 0 Merck & Co. Inc COM 58933y105 456 15000.000 SH SOLE 15000 0 0 Midas Inc. COM 595626102 15630 1490000.000 SH SOLE 1490000 0 0 Mirant Corporation COM 60467r100 226 12000.000 SH SOLE 12000 0 0 Morgan Stanley COM NEW 617446448 481 30000.000 SH SOLE 30000 0 0 Motorola Inc COM 620076109 113 25550.000 SH SOLE 25550 0 0 Mueller Water Prods Inc COM SER A 624758108 23042 2743130.000 SH SOLE 2426630 0 316500 NCR Corp COM 62886e108 2411 170535.000 SH SOLE 168535 0 2000 NYSE Euronext COM 629491101 1670 61000.000 SH SOLE 61000 0 0 Natural Gas Services Grp Inc. COM 63886q109 18437 1820000.000 SH SOLE 1820000 0 0 Neenah Paper COM 640079109 11327 1281300.000 SH SOLE 1281300 0 0 NewAlliance Bancshares Inc COM 650203102 60255 4575147.000 SH SOLE 4462447 0 112700 Newell Rubbermaid Inc COM 651229106 159 16300.000 SH SOLE 16300 0 0 Newmont Mining Corp Hldg Co COM 651639106 488 12000.000 SH SOLE 12000 0 0 Northern Trust Corp. COM 665859104 424 8140.000 SH SOLE 8140 0 0 Occidental Petroleum Corp COM 674599105 270 4500.000 SH SOLE 4500 0 0 Orient Express Hotels COM g67743107 13469 1758290.000 SH SOLE 1719990 0 38300 Orion Marine Group Inc COM 68628v308 1005 104000.000 SH SOLE 104000 0 0 Otter Tail Corp. COM 689648103 23218 995200.000 SH SOLE 963200 0 32000 PHH Corp. COM NEW 693320202 446 35000.000 SH SOLE 35000 0 0 PIMCO MUNICIPAL INC FD COM COM 72200r107 78 10237.000 SH SOLE 10237 0 0 PROSHARES TR PSHS ULTSHRT QQQ 74347r875 860 15000.000 SH SOLE 15000 0 0 PROSHARES TR PSHS ULSHRT 74347r883 7094 100000.000 SH SOLE 100000 0 0 SP500 Partnerre Ltd COM g6852t105 8045 112880.000 SH SOLE 112550 0 330 Patriot Coal Corp. COM 70336t104 472 75500.000 SH SOLE 75500 0 0 Peabody Energy Corp COM 704549104 559 24550.000 SH SOLE 24550 0 0 Penn Virginia Corp. COM 707882106 33506 1289700.000 SH SOLE 1289700 0 0 Penson Worldwide Inc. COM 709600100 133 17500.000 SH SOLE 17500 0 0 Petrohawk Energy COM 716495106 64891 4151669.000 SH SOLE 3989124 0 162545 Petroleo Brasiliero SA Petrobr SP ADR NON VTG 71654V408 891 36400.000 SH SOLE 36400 0 0 Pharmamerica Corp. COM 71714f104 41156 2626400.000 SH SOLE 2579400 0 47000 Phoenix Cos Inc COM 71902e109 442 135140.000 SH SOLE 135140 0 0 Pioneer Drilling Company COM 723655106 19495 3500000.000 SH SOLE 3500000 0 0 Pioneer Natural Resources COM 723787107 3824 236342.000 SH SOLE 216442 0 19900 Piper Jaffray Inc COM 724078100 27136 682500.000 SH SOLE 682500 0 0 Plains Expl & Prod Co COM 726505100 11294 485975.000 SH SOLE 395175 0 90800 Portec Rail Products Inc COM 736212101 853 118000.000 SH SOLE 118000 0 0
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 -------------------------------- ---------------- --------- -------- ----------- --- ---- ---------- -------- -------- ------ ------ Portland General Electric Co. COM NEW 736508847 45687 2346550.000 SH SOLE 2319550 0 27000 Powershares DB Multi Sect Comm DB AGRICULT FD 73936b408 7205 275210.000 SH SOLE 209010 0 66200 Principal Fin. Group COM 74251v102 661 29289.000 SH SOLE 28189 0 1100 PrivateBancorp Inc. COM 742962103 52236 1609238.424 SH SOLE 1596338 0 12900 Proshares TR PSHS ULSHT QQQ 74347r875 2294 40000.000 SH SOLE 40000 0 0 Providence & Worcester RR COM 743737108 4873 406400.000 SH SOLE 336300 0 70100 Provident Financial COM 74386t105 21841 1427500.000 SH SOLE 1427500 0 0 Pzena Investment Management COM 74731q103 2327 551500.000 SH SOLE 551500 0 0 Qualcomm Inc COM 747525103 315 8800.000 SH SOLE 8800 0 0 Quanex Corp. COM 747619104 18740 2000000.000 SH SOLE 2000000 0 0 Quanta Services Inc COM 74762e102 34052 1719800.000 SH SOLE 1719800 0 0 RBC Bearings Inc. COM 75524b104 28408 1400800.000 SH SOLE 1392200 0 8600 ROYAL DUTCH SHELL PLC SPON ADR B 780259107 257 5000.000 SH SOLE 5000 0 0 Ralcorp Holdings Inc COM 751028101 94177 1612625.000 SH SOLE 1568845 0 43780 Range Resources Corp. COM 75281a109 37189 1081382.000 SH SOLE 1016082 0 65300 Red Lion Hotels Corp. COM 756764106 3481 1462500.000 SH SOLE 1462500 0 0 Regal Beloit Corp. COM 758750103 53223 1400980.000 SH SOLE 1354480 0 46500 Reinsurance Group of America Inc COM NEW 759351604 1927 45000.000 SH SOLE 45000 0 0 Rex Energy Corporation COM 761565100 88 30000.000 SH SOLE 30000 0 0 Robbins & Myers Inc COM 770196103 29834 1845000.000 SH SOLE 1845000 0 0 Rydex ETF Trust S&P 500 EQ TRD 78355w106 211 7600.000 SH SOLE 7600 0 0 SPDR Series Trust KBW REGN BK ETF 78464a698 30799 1056200.000 SH SOLE 999870 0 56330 SPDR S&P 500 ETF Trust UNIT SER 1 S&P 78462f103 25944 287500.000 SH SOLE 287500 0 0 SWS Group Inc. COM 78503n107 26934 1421300.000 SH SOLE 1363300 0 58000 Safeguard Scientifics Inc. COM 786449108 7 10000.000 SH SOLE 10000 0 0 Saks Holdings Inc COM 79377W108 10004 2283960.000 SH SOLE 2283960 0 0 Sally Beauty Holdings Inc COM 7.95E+108 24708 4342300.000 SH SOLE 4142600 0 199700 Sanders Morris Harris Grp COM 80000Q104 180 30000.000 SH SOLE 30000 0 0 Select Sector SPDR Trust SBI INT-TECH 81369y803 277 18000.000 SH SOLE 18000 0 0 Select Sector SPDR Trust SBI INT-ENERGY 81369y506 549 11500.000 SH SOLE 11500 0 0 Sensient Technologies Corp COM 81725t100 31880 1335000.000 SH SOLE 1335000 0 0 Shaw Group Inc COM 820280105 23576 1151730.000 SH SOLE 1150850 0 880 Smucker JM Co. COM 832696405 27366 631135.000 SH SOLE 629135 0 2000 Snap On Inc COM 833034101 7558 191935.000 SH SOLE 191935 0 0 Solutia Inc. COM 834376501 189 42000.000 SH SOLE 42000 0 0 South Jersey Inds Inc. COM 838518108 66597 1671200.000 SH SOLE 1671200 0 0 Southern Co. COM 842587107 629 17000.000 SH SOLE 17000 0 0 Southwestern Energy Co. COM 845467109 1188 41000.000 SH SOLE 41000 0 0 St. Joe Co COM 790148100 2946 121150.000 SH SOLE 109000 0 12150 Stage Stores Inc COM 85254c305 18573 2251220.000 SH SOLE 2247020 0 4200 Standard Parking Corp COM 853790103 12803 662000.000 SH SOLE 662000 0 0 Steak N Shake COM NEW 857873202 179 30000.000 SH SOLE 30000 0 0 Stifel Financial Corp. COM 860630102 1637 35700.000 SH SOLE 35700 0 0 Sun Hydraulics Corporation COM 866942105 18181 965000.000 SH SOLE 965000 0 0 Superiour Well Services Inc COM 86837x105 19150 1915000.000 SH SOLE 1915000 0 0 Synovus Finl Corp COM 87161C105 6143 740170.000 SH SOLE 681770 0 58400 TELMEX INTL SAB DE SPON ADR SR L 879690105 125 11000.000 SH SOLE 11000 0 0 Tecumseh Prods Co CL A 878895200 479 50000.000 SH SOLE 50000 0 0 Teledyne Technoligies Inc COM 879360105 52738 1183800.000 SH SOLE 1183800 0 0 Telefonos de Mexico SPON ADR ORD L 879403780 712 34000.000 SH SOLE 34000 0 0 Temple-Inland, Inc. COM 879868107 9664 2013390.000 SH SOLE 1886790 0 126600 Tennant Co COM 880345103 30847 2003040.000 SH SOLE 1926650 0 76390 Teradata Corp. COM 88076W103 10383 700145.000 SH SOLE 650045 0 50100 Terex Corp. COM 880779103 26435 1526258.000 SH SOLE 1454088 0 72170 Tesco Corp COM 88157k101 19384 2714816.000 SH SOLE 2620626 0 94190 Texas Inds Inc COM 882491103 54792 1588165.000 SH SOLE 1532855 0 55310 Textron COM 883203101 1151 83000.000 SH SOLE 74000 0 9000 Thomas & Betts Corp. COM 884315102 7253 301965.000 SH SOLE 215915 0 86050 Thomas Weisel Partners Grp COM 884481102 5499 1165000.000 SH SOLE 1165000 0 0 Timken Co. COM 887389104 20510 1044814.278 SH SOLE 1008294 0 36520
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 -------------------------------- ---------------- --------- -------- ----------- --- ---- ---------- -------- -------- ------ ------ Titan Intl. Inc. COM 88830m102 16211 1965000.000 SH SOLE 1965000 0 0 Titan Machinery Inc. COM 88830r101 169 12000.000 SH SOLE 12000 0 0 Tootsie Roll Inds Inc COM 890516107 41104 1605000.000 SH SOLE 1605000 0 0 Travelers Inc. COM 8.94E+113 384 8500.000 SH SOLE 8500 0 0 Treehouse Foods Inc COM 89469a104 48623 1785000.000 SH SOLE 1785000 0 0 Trinity Indus Inc. COM 896522109 22776 1445175.000 SH SOLE 1445175 0 0 Tyco Intl Ltd SHS h89128104 3332 154247.000 SH SOLE 154247 0 0 Unilever Plc SPON ADR NEW 904767704 249 10800.000 SH SOLE 10800 0 0 Union Pacific Corp COM 907818108 5588 116906.000 SH SOLE 116906 0 0 United Rental Inc COM 911363109 2216 243000.000 SH SOLE 183000 0 60000 United States Nat Gas Fund UNIT 912318102 521 22500.000 SH SOLE 22500 0 0 Unitrin Inc COM 913275103 10434 654585.512 SH SOLE 641635.5 0 12950 Universal Stainless & Alloy COM 913837100 10650 735000.000 SH SOLE 735000 0 0 Vail Resorts Inc. COM 91879q109 50970 1916180.000 SH SOLE 1901900 0 14280 Valmont Inds. Inc. COM 920253101 34515 562500.000 SH SOLE 562500 0 0 Vectren Corp COM 92240G101 29147 1165400.000 SH SOLE 1118400 0 47000 W.R. Grace COM 38388F108 90 15000.000 SH SOLE 15000 0 0 WAYSIDE TECH GROUP INC COM COM 946760105 86 12300.000 SH SOLE 12300 0 0 Wabco Holdings Inc COM 92927k102 4964 314370.000 SH SOLE 308670 0 5700 Wabtec Corp. COM 929740108 98025 2466047.000 SH SOLE 2411127 0 54920 Waddell & Reed Finl Inc CL A 930059100 36625 2369000.000 SH SOLE 2354000 0 15000 Walter Energy Inc. COM 93317Q105 35763 2042446.932 SH SOLE 2002957 0 39490 Watts Water Technologies Inc CL A 942749102 40549 1623900.000 SH SOLE 1605800 0 18100 Wausau Paper Corp. COM 943315101 19334 1690000.000 SH SOLE 1690000 0 0 Webster Finl Corp COM 947890109 37241 2702570.000 SH SOLE 2697370 0 5200 Wendys Arbys Group Inc. COM 950587105 14372 2909249.948 SH SOLE 2809695 0 99555 Westar Energy Inc COM 95709t100 59429 2897538.481 SH SOLE 2729393 0 168145 Western Union Co COM 959802109 1121 78200.000 SH SOLE 78200 0 0 Westwood Hldg Group COM 961765104 1705 60000.000 SH SOLE 60000 0 0 Willbros Group Inc COM 969203108 24322 2871535.000 SH SOLE 2715990 0 155545 Wintrust Financial Corp COM 97650W108 24108 1172000.000 SH SOLE 1170000 0 2000 Woodward Governor Co. COM 980745103 15308 665000.000 SH SOLE 665000 0 0 Wright Express COM 98233q105 32993 2618495.000 SH SOLE 2469875 0 148620 Wyndham Worldwide COM 98310w108 18800 2870289.000 SH SOLE 2742119 0 128170 XCEL ENERGY INC COM COM 98389b100 380 20500.000 SH SOLE 20500 0 0 Zep Inc. COM 98944b108 28972 1500350.000 SH SOLE 1432850 0 67500