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: Keeley Asset Management Corp. Address: 111 W. Jackson Boulevard Suite 810 Chicago, IL 60604 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 submission. 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 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: 0 Form 13F Information Table Entry Total: 351 Form 13F Information Table Value Total: $ 4,483,297 -------------- (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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- A.T. Cross Company COM 227478104 2361 219000.000 SH SOLE 219000 0 0 ADT Corp COM 00101j106 11131 239437.000 SH SOLE 206837 0 32600 ADTRAN, Inc. COM 00738a106 701 35900.000 SH SOLE 35900 0 0 AMC Networks Inc. COM 00164v103 22417 452860.000 SH SOLE 419760 0 33100 AMCOL International Corp COM 02341W103 16367 533470.000 SH SOLE 533470 0 0 AON Corp. COM g0408v102 2247 40415.000 SH SOLE 40415 0 0 ATLAS ENERGY LP COM UNITS LP COM 04930a104 1402 40350.000 SH SOLE 40350 0 0 Aaron's Inc. COM 2535300 18144 641585.000 SH SOLE 591185 0 50400 Ace Ltd. COM H0023r105 2153 26985.000 SH SOLE 26985 0 0 Acuity Brands Inc COM 00508y102 34164 504411.000 SH SOLE 457341 0 47070 Air Lease Corp COM 00912x302 35853 1667574.000 SH SOLE 1586074 0 81500 Allete Inc COM 18522300 32584 795120.992 SH SOLE 727880.992 0 67240 Amerco COM 23586100 33212 261900.000 SH SOLE 255900 0 6000 American Int'l Group COM 26874784 1553 44000.000 SH SOLE 44000 0 0 American Water Works COM 30420103 3895 104900.000 SH SOLE 101760 0 3140 Ameriprise Financial COM 03076c106 3933 62795.000 SH SOLE 62795 0 0 AmerisourceBergen COM 37833100 6776 156915.000 SH SOLE 146615 0 10300 Aqua America Inc COM 03836w103 839 32990.000 SH SOLE 32990 0 0 Arbitron, Inc. COM 03875q108 685 14670.000 SH SOLE 14670 0 0 Arlington Asset Investment COM 41356205 537 25850.000 SH SOLE 25850 0 0 Cp Arthur J. Gallagher & Co. COM 363576109 17067 492540.000 SH SOLE 439130 0 53410 Ashland Inc. COM 44209104 41074 510813.118 SH SOLE 483513.118 0 27300 Associated Banc Corp COM 45487105 25751 1962720.938 SH SOLE 1788120.938 0 174600 Avery Dennison Corp COM 53611109 26159 749120.000 SH SOLE 697920 0 51200 Avis Budget Group COM 53774105 50456 2545692.000 SH SOLE 2331112 0 214580 Azz Incorporated COM 2474104 23950 623200.000 SH SOLE 623200 0 0 B & G FOODS INC NEW CL A COM 05508R106 330 11640.000 SH SOLE 11640 0 0 BOK Financial Corp COM 05561q201 2051 37660.000 SH SOLE 37660 0 0 BSB BANCORP INC MD COM COM 05573h108 214 17500.000 SH SOLE 17500 0 0 Babcock & Wilcox Co. COM 05615F102 46192 1763069.000 SH SOLE 1634399 0 128670 BancorpSouth, Inc. COM 59692103 1059 72810.000 SH SOLE 72810 0 0 Bank of America COM 60505104 3024 260500.000 SH SOLE 260500 0 0 Bank of Nova Scotia Halifax COM 64149107 335 5780.000 SH SOLE 5780 0 0 Beam Inc. COM 73730103 3563 58330.000 SH SOLE 35730 0 22600 Belo Corporation COM 80555105 19385 2527418.000 SH SOLE 2513418 0 14000 Bemis Company Inc COM 81437105 523 15640.000 SH SOLE 15640 0 0 Beneficial Mut Bancorp COM 08173r104 5089 535650.000 SH SOLE 461830 0 73820 Berry Petroleum Co. COM 85789105 964 28720.000 SH SOLE 28720 0 0 Boston Private Financial COM 101119105 15615 1733112.000 SH SOLE 1733112 0 0 Hldgs Briggs & Straton COM 109043109 2319 110000.000 SH SOLE 110000 0 0 Bristow Group Inc. COM 110394103 1309 24390.000 SH SOLE 24390 0 0 Broadridge Fincl Sol COM 11133t103 44914 1963030.000 SH SOLE 1800610 0 162420 C I T Group COM 125581801 11278 291870.000 SH SOLE 252070 0 39800 CAI International Inc COM 12477x106 11 500.000 SH SOLE 500 0 0 CBOE Holdings, Inc. COM 12503M108 37079 1258628.000 SH SOLE 1160928 0 97700 CROWN CRAFTS INC COM COM 228309100 75 15000.000 SH SOLE 15000 0 0 CURRENCYSHS AUSTRALIAN COM 23129u101 266 2555.000 SH SOLE 2555 0 0 AUSTRAL Cabot Oil & Gas COM 127097103 226 4540.000 SH SOLE 4540 0 0 Canadian Pacific COM 13645t100 4756 46805.000 SH SOLE 46805 0 0 Capitol Federal Financial COM 14057j101 32092 2745283.000 SH SOLE 2461113 0 284170 Cardinal Health Inc. COM 14149Y108 4059 98560.000 SH SOLE 98560 0 0 Carrizo Oil & Gas Inc COM 144577103 20088 960242.000 SH SOLE 929762 0 30480 Carrols Restaurant Gr Inc. COM 14574x104 16200 2708971.000 SH SOLE 2708971 0 0 Chemed Corporation COM 16359r103 1276 18609.000 SH SOLE 18609 0 0 Chemtura Corporation COM 163893209 52049 2448224.000 SH SOLE 2245394 0 202830 Chicago Bridge & Iron COM 167250109 56780 1225025.133 SH SOLE 1129555.133 0 95470 Cigna Corp COM 125509109 222 4150.000 SH SOLE 4150 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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- Circor Intl Inc COM 17273k109 7292 184176.248 SH SOLE 158726.248 0 25450 Citigroup Inc COM 172967424 461 11650.344 SH SOLE 11650.344 0 0 Clearwater Paper Corp. COM 18538r103 17583 449000.000 SH SOLE 449000 0 0 Cleco Corp. COM 12561w105 748 18700.000 SH SOLE 18700 0 0 Cohu Inc COM 192576106 970 89450.000 SH SOLE 89450 0 0 Colfax Corporation COM 194014106 38288 948891.000 SH SOLE 925391 0 23500 Columbia Banking System, Inc COM 197236102 977 54450.000 SH SOLE 54450 0 0 Communications Systems, Inc. COM 203900105 479 46060.000 SH SOLE 46060 0 0 Companhia de Bebidas (AmBev) COM 20441w203 210 5005.000 SH SOLE 5005 0 0 Compass Minerals COM 20451n101 6459 86451.000 SH SOLE 74371 0 12080 Comverse Inc. COM 20585p105 14810 519119.000 SH SOLE 505845 0 13274 Comverse Tech Inc COM 205862402 18445 4803357.000 SH SOLE 4562737 0 240620 Conmed Corp COM 207410101 977 34970.000 SH SOLE 34970 0 0 Continental Resources COM 212015101 5482 74600.000 SH SOLE 73300 0 1300 CoreLogic, Inc. COM 21871d103 23342 867100.000 SH SOLE 813000 0 54100 Corenergy Infrastructure COM 21870u205 865 143470.000 SH SOLE 143470 0 0 Trust Corrections Corp America COM 22025Y407 32821 925310.000 SH SOLE 870010 0 55300 Covidien Ltd. COM g2554f113 4536 78560.000 SH SOLE 78560 0 0 Cracker Barrel Old Country COM 22410j106 5205 81000.000 SH SOLE 81000 0 0 Sto Dana Holding Corp. COM 235825205 7237 463636.000 SH SOLE 397826 0 65810 Dean Foods Co. COM 242370104 223 13500.000 SH SOLE 13500 0 0 Delphi Automotive PLC COM g27823106 5936 155180.000 SH SOLE 155180 0 0 Deltic Timber Corp COM 247850100 48010 679835.835 SH SOLE 635550.835 0 44285 Deluxe Corp. COM 248019101 774 24000.000 SH SOLE 24000 0 0 Denny's Corporation COM 24869p104 39480 8090252.000 SH SOLE 7890852 0 199400 Dentsply International, Inc. COM 249030107 1602 40440.000 SH SOLE 40440 0 0 Destination Maternity Corp. COM 25065D100 498 23100.000 SH SOLE 23100 0 0 DineEquity Inc. COM 254423106 42565 635300.000 SH SOLE 613490 0 21810 Direx Dly Energy Bear 3X COM 25459w342 227 29000.000 SH SOLE 29000 0 0 Direxion Daily Small Cap COM 25459w110 162 12000.000 SH SOLE 12000 0 0 Bear Discover Financial Svc COM 254709108 7539 195570.000 SH SOLE 195570 0 0 Dollar General Corp COM 256677105 1041 23620.000 SH SOLE 21920 0 1700 Dollar Tree Stores Inc COM 256746108 6809 167870.000 SH SOLE 167870 0 0 Donegal Group Inc COM 257701201 140 10000.000 SH SOLE 10000 0 0 Dover Corp. COM 260003108 1884 28665.274 SH SOLE 28665.274 0 0 Dresser Rand Group Inc COM 261608103 31525 561549.000 SH SOLE 542069 0 19480 Dril Quip Inc. COM 262037104 34339 470070.000 SH SOLE 444670 0 25400 Dun & Bradstreet COM 26483e100 326 4140.700 SH SOLE 4140.7 0 0 EMERALD OIL INC COM NEW COM 29101u209 56 11000.000 SH SOLE 11000 0 0 ENBRIDGE ENERGY PRTNRS COM COM 29250r106 580 20800.000 SH SOLE 20800 0 0 ENERGY TRANSFER PRTNRS UNIT COM 29273r109 587 13670.000 SH SOLE 13670 0 0 LT EPIQ Systems Inc. COM 26882D109 772 60510.000 SH SOLE 60510 0 0 ETF TR AGRIBUS ETF COM 57060u605 437 8286.363 SH SOLE 8286.363 0 0 EXTERRAN PARTNERS LP COM COM 30225n105 447 22030.000 SH SOLE 22030 0 0 UNITS Eastern Insurance Inc. COM 276534104 567 33210.000 SH SOLE 33210 0 0 Eaton Corp COM g29183103 1463 27000.000 SH SOLE 27000 0 0 Einstein Noah Restaurant COM 28257u104 676 55350.000 SH SOLE 55350 0 0 Group El Paso Electric Co. COM 283677854 1046 32770.000 SH SOLE 32770 0 0 El Paso Pipeline Partners, COM 283702108 882 23870.000 SH SOLE 23870 0 0 LP Energy Transfer Equity LP COM 29273v100 945 20780.000 SH SOLE 20780 0 0 Enpro Industries Inc. COM 29355x107 45582 1114469.000 SH SOLE 1020739 0 93730 Enterprise Products Partners COM 293792107 1245 24860.000 SH SOLE 24860 0 0 Equity Lifestyles Properties COM 29472R108 717 10660.000 SH SOLE 10660 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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- Everest RE Group COM G3223R108 275 2500.000 SH SOLE 2500 0 0 Exxon Corp COM 30231G102 69 800.000 SH SOLE 800 0 0 FMC Corp. COM 302491303 5134 87730.000 SH SOLE 87730 0 0 Famous Dave Amer COM 307068106 46 5000.000 SH SOLE 5000 0 0 Fidelity National Info COM 31620m106 5003 143731.000 SH SOLE 143731 0 0 Fidelity Natl Finl Inc COM 31620r105 21110 896370.000 SH SOLE 893270 0 3100 Fiesta Restaurant Group, Inc COM 31660b101 15605 1018597.000 SH SOLE 1018597 0 0 First American Financial COM 31847R102 52741 2189352.000 SH SOLE 2017992 0 171360 First Niagara Financial COM 33582v108 6828 861024.000 SH SOLE 739154 0 121870 FirstMerit Corp. COM 337915102 30433 2144688.000 SH SOLE 1960073 0 184615 Flowers Foods Inc COM 343498101 45487 1954767.112 SH SOLE 1790371.112 0 164396 Flowserve Corp. COM 34354p105 12095 82388.000 SH SOLE 71598 0 10790 Foot Locker, Inc. COM 344849104 24409 759920.000 SH SOLE 757120 0 2800 Forestar Group, Inc. COM 346233109 38729 2234797.000 SH SOLE 2059716 0 175081 Fortune Brands Home Security COM 34964c106 42165 1443017.000 SH SOLE 1343097 0 99920 Foster L B Co. COM 350060109 47566 1094992.000 SH SOLE 1048752 0 46240 Franklin Elec Inc COM 353514102 26079 420419.000 SH SOLE 420419 0 0 Franklin Financial Corp. COM 35353c102 970 58480.000 SH SOLE 58480 0 0 Fresenius Medical Care AG COM 358029106 1372 40000.000 SH SOLE 40000 0 0 GAMCO Invs Inc COM 361438104 19954 376000.000 SH SOLE 376000 0 0 Gannett Co. Inc. COM 364730101 201 11180.000 SH SOLE 11180 0 0 GenCorp Inc. COM 368682100 19618 2144000.000 SH SOLE 2144000 0 0 Generac Holdings, Inc. COM 368736104 17273 503435.000 SH SOLE 503435 0 0 Genesee & Wyoming COM 371559105 53224 699580.000 SH SOLE 651250 0 48330 Genworth Financial COM 37247d106 1014 135000.000 SH SOLE 135000 0 0 Glacier Bancorp Inc COM 37637q105 938 63750.000 SH SOLE 63750 0 0 Global Power Equipment Group COM 37941p306 726 42360.000 SH SOLE 42360 0 0 Goldman Sachs Group Inc. COM 38141G104 383 3000.000 SH SOLE 3000 0 0 Government Properties Income COM 38376a103 762 31800.000 SH SOLE 31800 0 0 Great Lakes DRE & Dock Corp COM 390607109 12621 1413383.000 SH SOLE 1413383 0 0 Gulfport Energy Corp. COM 402635304 51323 1342824.000 SH SOLE 1222944 0 119880 HCC Insurance Holdings COM 404132102 32793 881285.000 SH SOLE 875285 0 6000 HI-CRUSH PARTNERS LP COM COM 428337109 151 10000.000 SH SOLE 10000 0 0 UNIT Hanesbrands Inc COM 410345102 53151 1483846.000 SH SOLE 1360926 0 122920 Hanger Inc. COM 41043f208 39725 1451950.000 SH SOLE 1365750 0 86200 Hanover Ins Group Inc COM 410867105 41922 1082132.000 SH SOLE 1034292 0 47840 Hartford Financial COM 416515104 1010 45000.000 SH SOLE 45000 0 0 Healthcare Realty Trust COM 421946104 1028 42820.000 SH SOLE 42820 0 0 Helix Energy Solution Group COM 42330p107 29791 1443363.000 SH SOLE 1383363 0 60000 ln Henry Jack & Assoc. Inc. COM 426281101 637 16230.000 SH SOLE 16230 0 0 Henry Schein Inc. COM 806407102 1842 22910.000 SH SOLE 21610 0 1300 Hill-Rom Holdings Inc COM 431475102 41057 1440595.000 SH SOLE 1313095 0 127500 Hillshire Brands Co COM 432589109 9264 329212.502 SH SOLE 283512.502 0 45700 HollyFontier Corp. COM 436106108 240 5160.000 SH SOLE 5160 0 0 HomeFederal Bancorp COM 43710G105 17564 1413025.000 SH SOLE 1371080 0 41945 HomeTrust Bancshares, Inc. COM 437872104 14780 1094005.000 SH SOLE 1094005 0 0 Horizon Bancorp COM 440407104 295 15000.000 SH SOLE 15000 0 0 Hospitality Properties trust COM 44106m102 287 12250.000 SH SOLE 12250 0 0 Howard Hughes Corporation COM 44267d107 18702 256117.000 SH SOLE 256117 0 0 IBM COM 459200101 383 2000.000 SH SOLE 2000 0 0 IF Bancorp Inc COM 44951j105 243 17643.000 SH SOLE 17643 0 0 ISHARES INC MSCI BRAZIL COM 464286400 264 4724.813 SH SOLE 4724.813 0 0 ISHARES TR BARCLYS 1-3YR CR COM 464288646 786 7450.000 SH SOLE 7450 0 0 ISHARES TR DJ US UTILS COM 464287697 610 7062.808 SH SOLE 7062.808 0 0 IShares Barclays TIPS Bond COM 464287176 678 5585.000 SH SOLE 5585 0 0 Fund IShares IBOXX High Yield COM 464288513 606 6492.392 SH SOLE 6492.392 0 0 Corp
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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- IShares Inc MSCI Australia COM 464286103 645 25656.874 SH SOLE 25656.874 0 0 IND IShares Inc MSCI Canada COM 464286509 506 17832.897 SH SOLE 17832.897 0 0 Index IShares TR FTSE Xinhua HK COM 464287184 290 7162.595 SH SOLE 7162.595 0 0 Chin IShares Tr Dow Jones US Finl COM 464287788 571 9400.000 SH SOLE 9400 0 0 ITT Corp. COM 450911201 52637 2243706.000 SH SOLE 2081276 0 162430 Iberiabank Corp. COM 450828108 38108 775813.000 SH SOLE 741763 0 34050 Ingredion Inc. COM 457187102 203 3150.000 SH SOLE 3150 0 0 Innophos Holdings, Inc. COM 45774N108 882 18970.000 SH SOLE 18970 0 0 Invesco Ltd. COM G491BT108 6979 267501.000 SH SOLE 267501 0 0 Investors Bancorp, Inc. COM 46146p102 16951 953352.000 SH SOLE 953352 0 0 Iron Mountain, Inc. COM 462846106 9969 321056.673 SH SOLE 273779.673 0 47277 Ishares Tr Russell 2000 COM 464287630 1411 18680.000 SH SOLE 18680 0 0 Value JP Morgan Chase & Co COM 46625h100 510 11600.000 SH SOLE 11600 0 0 Jarden Corporation COM 471109108 2473 47830.000 SH SOLE 46630 0 1200 John Bean Tech, Corp. COM 477839104 38327 2156821.000 SH SOLE 2007321 0 149500 KB Home COM 48666k109 1027 65000.000 SH SOLE 65000 0 0 KBR Inc. COM 48242w106 1833 61275.000 SH SOLE 61275 0 0 KMG Chemicals Inc. COM 482564101 810 46110.000 SH SOLE 46110 0 0 Kaiser Aluminum Corp COM 483007704 43929 712090.000 SH SOLE 663760 0 48330 Kaman Corp COM 483548103 24662 670160.000 SH SOLE 670160 0 0 Kansas City Southern COM 485170302 46537 557460.000 SH SOLE 523770 0 33690 Kinder Morgan Energy COM 494550106 371 4650.000 SH SOLE 4650 0 0 Partners Kodiak Oil & Gas Corp COM 50015q100 797 90000.000 SH SOLE 90000 0 0 Koppers Holdings Inc. COM 50060p106 5540 145224.000 SH SOLE 124384 0 20840 Kraft Foods Group, Inc. COM 50076q106 1829 40217.000 SH SOLE 40217 0 0 Krispy Kreme Doughnuts Inc COM 501014104 21236 2264000.000 SH SOLE 2264000 0 0 Lamar Advertising Co Cl A COM 512815101 30588 789370.000 SH SOLE 745170 0 44200 Lennar Corp Cl A COM 526057104 25443 657961.000 SH SOLE 657961 0 0 Lufkin Inds. Inc COM 549764108 614 10560.000 SH SOLE 10560 0 0 MAKO SURGICAL CORP COM COM 560879108 1 75.000 SH SOLE 75 0 0 MARKWEST ENERGY PARTNR UNIT COM 570759100 943 18420.000 SH SOLE 18420 0 0 LT MGM Resorts Int'l COM 552953101 3416 293470.000 SH SOLE 267570 0 25900 MTS Systems Corp. COM 553777103 363 7120.000 SH SOLE 7120 0 0 Macquarie Infrastructure COM 55608b105 37556 824310.000 SH SOLE 767910 0 56400 Madison Square Garden COM 55826p100 33713 760150.000 SH SOLE 747150 0 13000 Magellan Midstream Partners COM 559080106 770 17830.000 SH SOLE 17830 0 0 LP Magnum Hunter Res COM 55973b102 52 12997.000 SH SOLE 12997 0 0 Manning & Napier COM 56382Q102 22358 1774407.000 SH SOLE 1594837 0 179570 Marathon Oil Corp COM 565849106 702 22890.000 SH SOLE 22890 0 0 Marketaxess Hldgs Inc COM 57060d108 17474 495000.000 SH SOLE 495000 0 0 Marriott Vacations COM 57164y107 36795 883020.000 SH SOLE 827120 0 55900 McDermott Int'l COM 580037109 8096 734671.000 SH SOLE 631801 0 102870 Meadowbrook Insurance Group COM 58319p108 728 125960.000 SH SOLE 125960 0 0 Medical Properties Trust, COM 58463j304 290 24255.000 SH SOLE 24255 0 0 Inc Medtronic Inc. COM 585055106 2025 49370.000 SH SOLE 49370 0 0 Meridian Bioscience Inc COM 589584101 862 42570.000 SH SOLE 42570 0 0 Meritage Homes Corp. COM 59001A102 20543 550000.000 SH SOLE 550000 0 0 Mitsubishi UFJ Financial COM 606822104 55 10225.000 SH SOLE 10225 0 0 Group Mondelez International Inc. COM 609207105 1715 67400.000 SH SOLE 67400 0 0 Monotype Imaging Holdings, COM 61022P100 18117 1133737.000 SH SOLE 1133737 0 0 Inc
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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- Mueller Water COM 624758108 753 134152.000 SH SOLE 134152 0 0 NATURAL RESOURCE PRTNR COM COM 63900p103 403 21750.000 SH SOLE 21750 0 0 UNI NCR Corp COM 62886e108 38681 1518094.000 SH SOLE 1459494 0 58600 NUSTAR GP HOLDINGS LLC UNIT COM 67059l102 488 17615.000 SH SOLE 17615 0 0 RE Neenah Paper COM 640079109 826 29000.000 SH SOLE 29000 0 0 Nordic American Tanker COM g65773106 413 47180.000 SH SOLE 47180 0 0 Northern Trust Corp. COM 665859104 2386 47575.000 SH SOLE 47575 0 0 Northwest Bancshares COM 667340103 34648 2854025.000 SH SOLE 2542745 0 311280 Northwestern Corporation COM 668074305 9926 285798.000 SH SOLE 219488 0 66310 NuStar Energy, L.P. COM 67058h102 531 12510.000 SH SOLE 12510 0 0 OBA Financial Services Inc COM 67424g101 352 19984.000 SH SOLE 19984 0 0 OGE Energy Corp. COM 670837103 1811 32160.000 SH SOLE 32160 0 0 ONEOK PARTNERS LP UNIT LTD COM 68268n103 884 16375.000 SH SOLE 16375 0 0 PAR Oaktree Capital Group LLC COM 674001201 3949 86820.000 SH SOLE 86820 0 0 Oasis Petroleum Inc COM 674215108 43298 1361567.000 SH SOLE 1260617 0 100950 OceanFirst Financial Corp COM 675234108 12004 873000.000 SH SOLE 873000 0 0 Omniamercian Bancorp Inc COM 68216r107 289 12500.000 SH SOLE 12500 0 0 Oriental Financial Group COM 68618w100 300 22500.000 SH SOLE 22500 0 0 Inc. Oritani Financial Corp. COM 68633d103 32954 2151020.000 SH SOLE 2027620 0 123400 Owens & Minor Inc. COM 690732102 403 14145.000 SH SOLE 14145 0 0 PHH Corp. COM 693320202 33693 1480994.000 SH SOLE 1403384 0 77610 PIMCO MUNICIPAL INC FD COM COM 72200R107 161 10237.000 SH SOLE 10237 0 0 PNM Resources Inc. COM 69349h107 19873 968925.000 SH SOLE 828445 0 140480 POWERSHARES ETF TR II BUILD COM 73937b407 2640 87295.000 SH SOLE 87295 0 0 AM POWERSHARES GLB ETF FD S&P COM 73936g308 853 43406.211 SH SOLE 43406.211 0 0 500 Partnerre Ltd COM g6852t105 23450 291340.000 SH SOLE 291340 0 0 Patterson Companies COM 703395103 36183 1057058.000 SH SOLE 1008078 0 48980 Peabody Energy Corp COM 704549104 179 6735.000 SH SOLE 6735 0 0 Penske Automotive COM 70959w103 49964 1660483.000 SH SOLE 1521583 0 138900 Pentair Inc. COM H6169Q108 4349 88483.000 SH SOLE 88483 0 0 Pepsico Inc COM 713448108 1883 27520.000 SH SOLE 27520 0 0 Perrigo Company COM 714290103 2928 28145.000 SH SOLE 28145 0 0 Petsmart, Inc. COM 716768106 26461 387190.000 SH SOLE 365990 0 21200 Pfizer Inc. COM 717081103 2651 105710.000 SH SOLE 105710 0 0 Pico Holdings Inc. COM 693366205 10 500.000 SH SOLE 500 0 0 Plains All American COM 726503105 1648 36420.000 SH SOLE 36420 0 0 Pipeline L Powershares DB Agriculture COM 73936b408 559 20000.000 SH SOLE 20000 0 0 Powershares QQQ Trust COM 73935a104 6552 100600.000 SH SOLE 100600 0 0 Primoris Services Corp COM 74164f103 1140 75810.000 SH SOLE 75810 0 0 Protective Life Corp. COM 743674103 1372 47990.000 SH SOLE 47990 0 0 Provident Financial COM 74386t105 20552 1377500.000 SH SOLE 1377500 0 0 Pulte Group Inc. COM 745867101 33107 1823080.000 SH SOLE 1700180 0 122900 Qualcomm Inc COM 747525103 227 3662.000 SH SOLE 3662 0 0 Quanta Services Inc COM 74762E102 4561 167130.000 SH SOLE 167130 0 0 Questar Corp COM 748356102 10877 550460.000 SH SOLE 460360 0 90100 RBC Bearings Inc. COM 75524b104 23683 473000.000 SH SOLE 473000 0 0 RG Barry Corp COM 68798107 637 44970.000 SH SOLE 44970 0 0 ROYAL BK CDA MONTREAL COM COM 780087102 60 1000.000 SH SOLE 1000 0 0 Raymond James Financial COM 754730109 2098 54450.000 SH SOLE 54450 0 0 Rayonier Inc COM 754907103 9247 178410.000 SH SOLE 151910 0 26500 Regal Beloit Corp. COM 758750103 31770 450826.000 SH SOLE 432256 0 18570 Regis Corp. COM 758932107 7364 435227.000 SH SOLE 372647 0 62580 Reinsurance Group of America COM 759351604 24111 450510.000 SH SOLE 450510 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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- Resource Capital Corp COM 76120w302 226 40365.085 SH SOLE 40365.085 0 0 Retail Properties of COM 76131v202 173 14450.000 SH SOLE 14450 0 0 America I Rexnord Corp. COM 76169B102 31203 1464908.000 SH SOLE 1441908 0 23000 Richardson Electronics, Ltd. COM 763165107 684 60430.000 SH SOLE 60430 0 0 Rock-Tenn Company COM 772739207 26422 377950.000 SH SOLE 377950 0 0 Rockville Financial Inc. COM 774188106 23616 1830700.000 SH SOLE 1704000 0 126700 Rockwood Holding COM 774415103 4115 83200.000 SH SOLE 83200 0 0 Roundy's Parent Company, COM 779268101 345 77460.000 SH SOLE 77460 0 0 Inc. Ryland Group Inc COM 783764103 38870 1064933.000 SH SOLE 971803 0 93130 Ryman Hospitality Properties COM 78377T107 43277 1125258.559 SH SOLE 1055053.87 0 70204.689 SAIC Inc. COM 78390x101 135 11960.000 SH SOLE 11960 0 0 SOLTA MED INC COM COM 83438k103 27 10000.000 SH SOLE 10000 0 0 SPDR Gold Trust COM 78463v107 204 1257.000 SH SOLE 1257 0 0 SPDR SERIES TRUST S&P HOME COM 78464a888 532 20000.000 SH SOLE 20000 0 0 BUILD SPDR Trust Ser 1 Unit COM 78462f103 1393 9784.812 SH SOLE 9784.812 0 0 SUPERVALU, Inc. COM 868536103 32 13010.548 SH SOLE 13010.548 0 0 Sabra Health Care REIT COM 78573l106 43507 2003097.000 SH SOLE 1849557 0 153540 Sally Beauty Holdings COM 79546e104 37002 1569867.000 SH SOLE 1425477 0 144390 Sanchez Energy Corp. COM 79970y105 21894 1216335.000 SH SOLE 1118835 0 97500 Scripps Networks Interactive COM 811065101 4133 71360.000 SH SOLE 71360 0 0 Si Financial Group Inc. COM 78425v104 198 17245.000 SH SOLE 17245 0 0 Smith A O Corp COM 831865209 50034 793304.000 SH SOLE 730734 0 62570 Snap On Inc COM 833034101 3264 41325.000 SH SOLE 40225 0 1100 Snyder's-Lance, Inc. COM 833551104 26590 1102400.000 SH SOLE 1014500 0 87900 South Jersey Inds Inc. COM 838518108 16101 319905.000 SH SOLE 319905 0 0 Sovran Self Storage, Inc. COM 84610H108 809 13030.000 SH SOLE 13030 0 0 Spirit Realty Capital Inc COM 84860f109 30390 1709220.000 SH SOLE 1592720 0 116500 Stag Industrial Inc. COM 85254j102 1479 82330.000 SH SOLE 82330 0 0 Stage Stores Inc COM 85254c305 496 20010.000 SH SOLE 20010 0 0 Sturm Ruger & Co. Inc COM 864159108 11 250.000 SH SOLE 250 0 0 Suburban Propane Partners LP COM 864482104 496 12755.000 SH SOLE 12755 0 0 Summit Hotel Properties, COM 866082100 1153 121400.000 SH SOLE 121400 0 0 Inc. SunCoke Energy, Inc. COM 86722a103 32342 2074530.000 SH SOLE 1879060 0 195470 Suntrust Banks Inc COM 867914103 1917 67630.147 SH SOLE 67630.147 0 0 Superior Industrials COM 868168105 899 44090.000 SH SOLE 44090 0 0 International Symmetry Medical Inc. COM 871546206 20321 1931694.000 SH SOLE 1931694 0 0 TEEKAY OFFSHORE PTN LP COM y8565j101 593 22810.000 SH SOLE 22810 0 0 PARTNER Teekay LNG Partners LP COM Y8564M105 565 14950.000 SH SOLE 14950 0 0 Teledyne COM 879360105 22416 344280.000 SH SOLE 344280 0 0 Teleflex Inc. COM 879369106 2381 33390.000 SH SOLE 33390 0 0 Tennant Co COM 880345103 30583 695870.000 SH SOLE 683370 0 12500 Teradata Corp. COM 88076W103 2744 44340.000 SH SOLE 44340 0 0 Terex Corp. COM 880779103 38626 1374100.000 SH SOLE 1288400 0 85700 Territorial Bancorp, Inc. COM 88145x108 16935 741145.000 SH SOLE 741145 0 0 Textainer Group Hldgs LTD COM g8766e109 955 30360.000 SH SOLE 30360 0 0 Titan Intl. Inc. COM 88830m102 26386 1214821.000 SH SOLE 1214821 0 0 Toll Brothers, Inc. COM 889478103 25239 780680.000 SH SOLE 780680 0 0 Total System Services, Inc COM 891906109 558 26030.000 SH SOLE 26030 0 0 Travelers Inc. COM 89417e109 338 4700.000 SH SOLE 4700 0 0 Trinity Indus Inc. COM 896522109 46371 1294562.000 SH SOLE 1224852 0 69710 U.S. Physical Therapy, Inc COM 90337l108 1135 41230.000 SH SOLE 41230 0 0 Union Pacific Corp COM 907818108 2481 19735.000 SH SOLE 19735 0 0 Unit Corp COM 909218109 1770 39290.000 SH SOLE 39290 0 0 United Health Care COM 91324P102 1976 36425.000 SH SOLE 36425 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 ---------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ --------- United Technlogies COM 913017109 234 2850.000 SH SOLE 2850 0 0 Vail Resorts Inc. COM 91879q109 43832 810353.000 SH SOLE 749443 0 60910 Valley National Bancorp. COM 919794107 108 11603.000 SH SOLE 11603 0 0 Valmont Inds. Inc. COM 920253101 22927 168000.000 SH SOLE 168000 0 0 Vanguard Bond In COM 921937827 417 5150.000 SH SOLE 5150 0 0 Vanguard Total Stk Mkt COM 922908769 213 2900.000 SH SOLE 2900 0 0 Vipers Vectren Corp COM 92240G101 8269 281258.000 SH SOLE 242018 0 39240 Ventas Inc. COM 92276F100 211 3260.000 SH SOLE 3260 0 0 Viewpoint Finl Group COM 92672a101 46389 2215338.000 SH SOLE 2027708 0 187630 Virtus Investment Partners COM 92828Q109 605 5000.000 SH SOLE 5000 0 0 Visa Inc. COM 92826c839 449 2965.000 SH SOLE 2965 0 0 W.R. Berkley Corp. COM 84423102 28492 754966.000 SH SOLE 754966 0 0 W.R. Grace COM 38388F108 39791 591870.000 SH SOLE 555270 0 36600 WEX, Inc. COM 96208t104 55627 738058.000 SH SOLE 679368 0 58690 WILLIAMS PARTNERS L P COM COM 96950f104 699 14360.000 SH SOLE 14360 0 0 UNIT Wabco Holdings Inc COM 92927k102 1122 17210.000 SH SOLE 15910 0 1300 Wabtec Corp. COM 929740108 51855 592355.000 SH SOLE 551485 0 40870 Waddell & Reed Fin COM 930059100 32525 934080.000 SH SOLE 912860 0 21220 Walter Energy, Inc. COM 93317Q105 1713 47750.000 SH SOLE 47750 0 0 Walter Investment Management COM 93317w102 46995 1092392.575 SH SOLE 1045072.575 0 47320 Warner Chilcott, Ltd. COM g94368100 140 11640.000 SH SOLE 11640 0 0 Westfield Financial Inc. COM 96008p104 2103 290830.000 SH SOLE 240830 0 50000 Williams Cos. COM 969457100 2216 67680.000 SH SOLE 67680 0 0 Wintrust Financial Corp COM 97650W108 52617 1433701.000 SH SOLE 1329481 0 104220 Wisconsin Energy Corp. COM 976657106 569 15430.000 SH SOLE 15430 0 0 World Fuel Services Corp. COM 981475106 1165 28290.000 SH SOLE 28290 0 0 Wright Medical Group, Inc. COM 98235T107 22983 1094950.000 SH SOLE 1014650 0 80300 Wyndham Worldwide COM 98310w108 53310 1001882.000 SH SOLE 933082 0 68800