The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
3M CO COM 88579y101 7,404 47,987 SH   SOLE 21,352 0 26,635
AAR CORP COM 000361105 6,374 200,000 SH   SOLE 200,000 0 0
ACACIA RESH CORP ACACIA TCH COM 003881307 835 95,235 SH   SOLE 95,235 0 0
AES CORP COM 00130H105 1,989 150,000 SH   SOLE 150,000 0 0
AFLAC INC COM 001055102 261 4,202 SH   SOLE 4,202 0 0
AGL RES INC COM 001204106 2,768 59,452 SH   SOLE 6,352 0 53,100
ALLSTATE CORP COM 020002101 4,374 67,430 SH   SOLE 52,967 0 14,463
ALTRIA GROUP INC COM 02209s103 463 9,474 SH   SOLE 9,474 0 0
AMBASSADORS GROUP INC COM 023177108 146 60,000 SH   SOLE 60,000 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503x105 624 33,995 SH   SOLE 33,995 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553e106 2,694 156,470 SH   SOLE 35,575 0 120,895
AMERICAN EXPRESS CO COM 025816109 4,695 60,413 SH   SOLE 48,350 0 12,063
AMERICAN INTL GROUP INC COM NEW 026874784 3,162 51,154 SH   SOLE 40,405 0 10,749
AMERIS BANCORP COM 03076k108 813 32,154 SH   SOLE 32,154 0 0
ANNALY CAP MGMT INC COM 035710409 4,888 531,893 SH   SOLE 420,388 0 111,505
ANTHEM INC COM 036752103 7,478 45,557 SH   SOLE 35,616 0 9,941
APPLE INC COM 037833100 6,279 50,060 SH   SOLE 11,628 0 38,432
ARES CAP CORP COM 04010L103 1,013 61,570 SH   SOLE 61,570 0 0
ARES COML REAL ESTATE CORP COM 04013v108 3,114 273,371 SH   SOLE 273,371 0 0
ARRIS GROUP INC NEW COM 04270V106 1,460 47,728 SH   SOLE 47,728 0 0
ASCENA RETAIL GROUP INC COM 04351G101 1,082 64,938 SH   SOLE 64,938 0 0
AT&T INC COM 00206r102 8,686 244,526 SH   SOLE 136,388 0 108,138
ATWOOD OCEANICS INC COM 050095108 1,192 45,094 SH   SOLE 35,004 0 10,090
AUTOMATIC DATA PROCESSING IN COM 053015103 2,503 31,200 SH   SOLE 0 0 31,200
AVNET INC COM 053807103 4,933 120,000 SH   SOLE 120,000 0 0
BAKER HUGHES INC COM 057224107 2,842 46,059 SH   SOLE 36,452 0 9,607
BANK AMER CORP COM 060505104 5,874 345,140 SH   SOLE 345,140 0 0
BECTON DICKINSON & CO COM 075887109 2,975 21,000 SH   SOLE 0 0 21,000
BGC PARTNERS INC CL A 05541T101 1,115 127,380 SH   SOLE 127,380 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 120 13,100 SH   SOLE 13,100 0 0
BLACKROCK INC COM 09247X101 7,636 22,070 SH   SOLE 12,276 0 9,794
BNC BANCORP COM 05566t101 792 40,969 SH   SOLE 40,969 0 0
BP PLC SPONSORED ADR 055622104 374 9,356 SH   SOLE 9,006 0 350
BRISTOL MYERS SQUIBB CO COM 110122108 274 4,111 SH   SOLE 4,111 0 0
BROWN & BROWN INC COM 115236101 3,238 98,539 SH   SOLE 98,539 0 0
CAI INTERNATIONAL INC COM 12477X106 2,358 114,539 SH   SOLE 114,539 0 0
CARDINAL FINL CORP COM 14149F109 891 40,893 SH   SOLE 40,893 0 0
CARDTRONICS INC COM 14161h108 784 21,170 SH   SOLE 21,170 0 0
CASELLA WASTE SYS INC CL A 147448104 1,386 247,024 SH   SOLE 247,024 0 0
CATERPILLAR INC DEL COM 149123101 7,506 88,498 SH   SOLE 48,432 0 40,066
CATHAY GEN BANCORP COM 149150104 1,267 39,060 SH   SOLE 39,060 0 0
CELADON GROUP INC COM 150838100 1,076 52,041 SH   SOLE 52,041 0 0
CHECKPOINT SYS INC COM 162825103 1,105 108,525 SH   SOLE 108,525 0 0
CHESAPEAKE ENERGY CORP COM 165167107 185 16,560 SH   SOLE 16,560 0 0
CHEVRON CORP NEW COM 166764100 7,310 75,779 SH   SOLE 41,844 0 33,935
CHIMERA INVT CORP COM NEW 16934q208 658 48,000 SH   SOLE 48,000 0 0
CHINA GREEN AGRICULTURE INC COM 16943W105 127 60,000 SH   SOLE 60,000 0 0
CISCO SYS INC COM 17275R102 7,103 258,677 SH   SOLE 126,457 0 132,220
CITIGROUP INC COM NEW 172967424 4,972 90,000 SH   SOLE 90,000 0 0
CITRIX SYS INC COM 177376100 2,422 34,514 SH   SOLE 27,393 0 7,121
CME GROUP INC COM 12572Q105 3,723 40,004 SH   SOLE 31,541 0 8,463
COCA COLA CO COM 191216100 4,947 126,114 SH   SOLE 33,878 0 92,236
COCA COLA ENTERPRISES INC NE COM 19122T109 239 5,500 SH   SOLE 5,500 0 0
COLONY CAP INC CL A 19624r106 1,009 44,536 SH   SOLE 44,536 0 0
COLUMBIA BKG SYS INC COM 197236102 1,345 41,321 SH   SOLE 41,321 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 1,544 61,764 SH   SOLE 61,764 0 0
COMCAST CORP NEW CL A 20030n101 8,573 142,555 SH   SOLE 56,770 0 85,785
CONAGRA FOODS INC COM 205887102 4,505 103,047 SH   SOLE 83,192 0 19,855
CONNECTONE BANCORP INC NEW COM 20786w107 848 39,391 SH   SOLE 39,391 0 0
CON-WAY INC COM 205944101 1,314 34,236 SH   SOLE 34,236 0 0
COOPER TIRE & RUBR CO COM 216831107 619 18,295 SH   SOLE 18,295 0 0
CORNING INC COM 219350105 259 13,115 SH   SOLE 13,115 0 0
COVANTA HLDG CORP COM 22282e102 1,644 77,593 SH   SOLE 77,593 0 0
CRACKER BARREL OLD CTRY STOR COM 22410j106 1,561 10,468 SH   SOLE 10,468 0 0
CRAWFORD & CO CL A 224633206 833 109,456 SH   SOLE 109,456 0 0
CVS HEALTH CORP COM 126650100 10,119 96,485 SH   SOLE 53,524 0 42,961
DEVON ENERGY CORP NEW COM 25179M103 2,486 41,788 SH   SOLE 32,613 0 9,175
DISNEY WALT CO COM DISNEY 254687106 8,920 78,152 SH   SOLE 44,032 0 34,120
DIXIE GROUP INC CL A 255519100 978 93,130 SH   SOLE 93,130 0 0
DOW CHEM CO COM 260543103 5,185 101,335 SH   SOLE 35,555 0 65,780
DUKE ENERGY CORP NEW COM NEW 26441C204 2,929 41,471 SH   SOLE 32,091 0 9,380
EAST WEST BANCORP INC COM 27579r104 917 20,469 SH   SOLE 20,469 0 0
EMERSON ELEC CO COM 291011104 364 6,560 SH   SOLE 6,560 0 0
EVERBANK FINL CORP COM 29977G102 1,382 70,320 SH   SOLE 70,320 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 9,242 103,909 SH   SOLE 85,979 0 17,930
EXXON MOBIL CORP COM 30231G102 12,175 146,333 SH   SOLE 83,940 0 62,393
FEDERATED INVS INC PA CL B 314211103 5,661 169,030 SH   SOLE 75,745 0 93,285
FEDEX CORP COM 31428X106 213 1,250 SH   SOLE 1,250 0 0
FERRO CORP COM 315405100 2,740 163,267 SH   SOLE 163,267 0 0
FIDUS INVT CORP COM 316500107 2,565 172,147 SH   SOLE 167,197 0 4,950
FIFTH STREET FINANCE CORP COM 31678A103 774 118,185 SH   SOLE 118,185 0 0
FIFTH THIRD BANCORP COM 316773100 3,353 161,040 SH   SOLE 161,040 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 983 20,960 SH   SOLE 20,960 0 0
FIRST NBC BK HLDG CO COM 32115d106 962 26,727 SH   SOLE 26,727 0 0
GAIN CAP HLDGS INC COM 36268w100 936 97,938 SH   SOLE 97,938 0 0
GALENA BIOPHARMA INC COM 363256108 18 10,640 SH   SOLE 10,640 0 0
GAMESTOP CORP NEW CL A 36467w109 436 10,139 SH   SOLE 9,989 0 150
GENERAL ELECTRIC CO COM 369604103 11,914 448,388 SH   SOLE 259,945 0 188,443
GENUINE PARTS CO COM 372460105 473 5,283 SH   SOLE 5,283 0 0
GENWORTH FINL INC COM CL A 37247d106 1,211 160,000 SH   SOLE 160,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 338 8,115 SH   SOLE 7,855 0 260
GLOBAL BRASS & COPPR HLDGS I COM 37953g103 1,565 91,988 SH   SOLE 91,988 0 0
GOLUB CAP BDC INC COM 38173M102 839 50,675 SH   SOLE 50,675 0 0
GOOGLE INC CL C 38259P706 1,675 3,218 SH   SOLE 0 0 3,218
GREEN BANCORP INC COM 39260x100 1,140 74,234 SH   SOLE 74,234 0 0
HALLIBURTON CO COM 406216101 323 7,507 SH   SOLE 6,704 0 803
HANOVER INS GROUP INC COM 410867105 1,412 19,069 SH   SOLE 19,069 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 4,988 120,000 SH   SOLE 120,000 0 0
HEARTLAND FINL USA INC COM 42234q102 1,025 27,535 SH   SOLE 27,535 0 0
HOME DEPOT INC COM 437076102 4,200 37,794 SH   SOLE 13,913 0 23,881
HOMESTREET INC COM 43785v102 1,869 81,883 SH   SOLE 81,883 0 0
IBERIABANK CORP COM 450828108 1,279 18,745 SH   SOLE 18,745 0 0
INNERWORKINGS INC COM 45773y105 346 51,865 SH   SOLE 51,865 0 0
INSTEEL INDUSTRIES INC COM 45774w108 1,905 101,871 SH   SOLE 101,871 0 0
INTEL CORP COM 458140100 4,978 163,674 SH   SOLE 49,519 0 114,155
INTERNATIONAL BUSINESS MACHS COM 459200101 7,873 48,404 SH   SOLE 26,279 0 22,125
IXYS CORP COM 46600W106 1,628 106,408 SH   SOLE 106,408 0 0
JABIL CIRCUIT INC COM 466313103 6,209 291,628 SH   SOLE 291,628 0 0
JOHNSON & JOHNSON COM 478160104 13,517 138,696 SH   SOLE 87,621 0 51,075
JPMORGAN CHASE & CO COM 46625H100 10,073 148,662 SH   SOLE 131,167 0 17,495
KAPSTONE PAPER & PACKAGING C COM 48562P103 636 27,515 SH   SOLE 27,515 0 0
KIMBERLY CLARK CORP COM 494368103 382 3,602 SH   SOLE 3,602 0 0
LA Z BOY INC COM 505336107 853 32,375 SH   SOLE 32,375 0 0
LADDER CAP CORP CL A 505743104 1,842 106,150 SH   SOLE 106,150 0 0
LANDEC CORP COM 514766104 1,077 74,659 SH   SOLE 74,659 0 0
LINCOLN NATL CORP IND COM 534187109 8,883 150,000 SH   SOLE 150,000 0 0
LOCKHEED MARTIN CORP COM 539830109 5,550 29,855 SH   SOLE 23,209 0 6,646
MCDONALDS CORP COM 580135101 5,025 52,860 SH   SOLE 43,560 0 9,300
MEADWESTVACO CORP COM 583334107 731 15,500 SH   SOLE 15,500 0 0
MEDTRONIC PLC SHS G5960L103 387 5,220 SH   SOLE 5,220 0 0
MERCK & CO INC NEW COM 58933Y105 648 11,382 SH   SOLE 11,157 0 225
MICROSOFT CORP COM 594918104 12,755 288,891 SH   SOLE 147,086 0 141,805
MRC GLOBAL INC COM 55345K103 2,613 169,232 SH   SOLE 169,232 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 2,500 38,710 SH   SOLE 31,120 0 7,590
NATIONAL OILWELL VARCO INC COM 637071101 514 10,656 SH   SOLE 9,677 0 979
NEFF CORP COM CL A 640094207 775 76,772 SH   SOLE 76,772 0 0
NEW MTN FIN CORP COM 647551100 712 49,125 SH   SOLE 49,125 0 0
NOBLE CORP PLC SHS USD G65431101 208 13,494 SH   SOLE 13,494 0 0
NORFOLK SOUTHERN CORP COM 655844108 4,351 49,800 SH   SOLE 0 0 49,800
NOVARTIS A G SPONSORED ADR 66987v109 7,190 73,115 SH   SOLE 34,885 0 38,230
NUCOR CORP COM 670346105 971 22,031 SH   SOLE 20,656 0 1,375
OLD NATL BANCORP IND COM 680033107 228 15,785 SH   SOLE 15,785 0 0
ON SEMICONDUCTOR CORP COM 682189105 4,639 396,800 SH   SOLE 396,800 0 0
ORACLE CORP COM 68389X105 776 19,247 SH   SOLE 17,467 0 1,780
ORBOTECH LTD ORD M75253100 1,693 81,396 SH   SOLE 81,396 0 0
OUTERWALL INC COM 690070107 1,943 25,529 SH   SOLE 25,429 0 100
OWENS ILL INC COM NEW 690768403 4,129 180,000 SH   SOLE 180,000 0 0
PACIFIC CONTINENTAL CORP COM 69412v108 857 63,350 SH   SOLE 63,350 0 0
PACIFIC PREMIER BANCORP COM 69478x105 795 46,852 SH   SOLE 46,852 0 0
PAYCHEX INC COM 704326107 449 9,569 SH   SOLE 9,394 0 175
PEOPLES BANCORP INC COM 709789101 910 38,990 SH   SOLE 38,990 0 0
PEPSICO INC COM 713448108 4,438 47,542 SH   SOLE 39,511 0 8,031
PFIZER INC COM 717081103 10,840 323,291 SH   SOLE 175,036 0 148,255
PHILIP MORRIS INTL INC COM 718172109 1,476 18,417 SH   SOLE 17,107 0 1,310
PNC FINL SVCS GROUP INC COM 693475105 5,153 53,873 SH   SOLE 42,538 0 11,335
PPL CORP COM 69351t106 4,545 154,231 SH   SOLE 125,561 0 28,670
PRAXAIR INC COM 74005P104 925 7,738 SH   SOLE 7,558 0 180
PREMIERE GLOBAL SVCS INC COM 740585104 1,810 175,924 SH   SOLE 175,924 0 0
PROCTER & GAMBLE CO COM 742718109 10,962 140,113 SH   SOLE 82,033 0 58,080
PROSPECT CAPITAL CORPORATION COM 74348T102 442 60,000 SH   SOLE 60,000 0 0
Q2 HLDGS INC COM 74736l109 358 12,655 SH   SOLE 0 0 12,655
QUALITY DISTR INC FLA COM 74756M102 246 15,880 SH   SOLE 15,880 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 7,632 128,103 SH   SOLE 109,958 0 18,145
REPUBLIC SVCS INC COM 760759100 1,327 33,882 SH   SOLE 31,552 0 2,330
ROCK-TENN CO CL A 772739207 6,250 103,826 SH   SOLE 103,826 0 0
RPM INTL INC COM 749685103 2,178 44,469 SH   SOLE 44,469 0 0
SCHLUMBERGER LTD COM 806857108 422 4,900 SH   SOLE 4,900 0 0
SERVICE CORP INTL COM 817565104 270 9,159 SH   SOLE 9,159 0 0
SONOCO PRODS CO COM 835495102 408 9,520 SH   SOLE 9,520 0 0
SOUTHERN CO COM 842587107 6,771 161,604 SH   SOLE 84,284 0 77,320
STELLUS CAP INVT CORP COM 858568108 2,097 183,970 SH   SOLE 179,470 0 4,500
SUNTRUST BKS INC COM 867914103 1,426 33,150 SH   SOLE 3,150 0 30,000
SYKES ENTERPRISES INC COM 871237103 783 32,302 SH   SOLE 32,302 0 0
SYNAPTICS INC COM 87157D109 1,300 14,985 SH   SOLE 14,985 0 0
SYNNEX CORP COM 87162W100 886 12,106 SH   SOLE 12,106 0 0
TARGET CORP COM 87612e106 6,065 74,298 SH   SOLE 58,833 0 15,465
TCP CAP CORP COM 87238q103 1,552 101,506 SH   SOLE 101,506 0 0
TENNECO INC COM 880349105 708 12,326 SH   SOLE 12,326 0 0
THL CR INC COM 872438106 2,477 214,424 SH   SOLE 214,424 0 0
TITAN INTL INC ILL COM 88830m102 430 40,000 SH   SOLE 40,000 0 0
TIVO INC COM 888706108 1,609 158,648 SH   SOLE 158,648 0 0
TOWER INTL INC COM 891826109 890 34,177 SH   SOLE 34,177 0 0
TOWERS WATSON & CO CL A 891894107 2,214 17,603 SH   SOLE 17,603 0 0
TRIANGLE CAP CORP COM 895848109 2,189 93,393 SH   SOLE 93,393 0 0
TRIANGLE PETE CORP COM NEW 89600b201 1,196 238,346 SH   SOLE 238,346 0 0
TRICO BANCSHARES COM 896095106 936 38,907 SH   SOLE 38,907 0 0
TRIUMPH GROUP INC NEW COM 896818101 1,081 16,379 SH   SOLE 16,379 0 0
TWO HBRS INVT CORP COM 90187B101 835 85,680 SH   SOLE 85,680 0 0
U M H PROPERTIES INC COM 903002103 768 78,332 SH   SOLE 78,332 0 0
UNIFI INC COM NEW 904677200 670 20,000 SH   SOLE 20,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 478 4,930 SH   SOLE 4,930 0 0
UNITED TECHNOLOGIES CORP COM 913017109 425 3,829 SH   SOLE 3,829 0 0
US BANCORP DEL COM NEW 902973304 11,017 253,850 SH   SOLE 167,350 0 86,500
V F CORP COM 918204108 413 5,923 SH   SOLE 4,792 0 1,131
VANGUARD STAR FD VG TL INTL STK F 921909768 5,891 117,050 SH   SOLE 117,050 0 0
VERIFONE SYS INC COM 92342Y109 8,350 245,871 SH   SOLE 218,739 0 27,132
WAL-MART STORES INC COM 931142103 264 3,715 SH   SOLE 3,565 0 150
WASTE MGMT INC DEL COM 94106l109 416 8,965 SH   SOLE 8,965 0 0
WELLS FARGO & CO NEW COM 949746101 10,121 179,968 SH   SOLE 152,323 0 27,645
WHITEHORSE FIN INC COM 96524v106 144 11,400 SH   SOLE 11,400 0 0
WILEY JOHN & SONS INC CL A 968223206 1,335 24,550 SH   SOLE 24,550 0 0
WINTRUST FINL CORP COM 97650W108 1,545 28,942 SH   SOLE 28,942 0 0
WSFS FINL CORP COM 929328102 1,291 47,187 SH   SOLE 47,187 0 0
XCERRA CORP COM 98400j108 736 97,277 SH   SOLE 97,277 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416j118 2,032 111,637 SH   SOLE 111,637 0 0
YUM BRANDS INC COM 988498101 335 3,724 SH   SOLE 3,724 0 0