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
ABERCROMBIE & FITCH CO COM 002896207 2,924 67,605 SH   SOLE   67,605 0 0
ACACIA RESEARCH CORP COM 003881307 4,026 226,805 SH   SOLE   226,805 0 0
ACCO BRANDS CORP COM 00081T108 2,393 373,275 SH   SOLE   373,275 0 0
AEGION CORP COM 00770F104 1,862 80,000 SH   SOLE   80,000 0 0
ALCOA INC COM 013817101 1,672 112,310 SH   SOLE   112,310 0 0
ALLY FINANCIAL INC COM 02005N100 55,910 2,338,372 SH   SOLE   2,304,947 0 33,425
ALON USA ENERGY INC COM 020520102 2,027 162,935 SH   SOLE   162,935 0 0
AMERICAN EAGLE OUTFITTERS COM 02553E106 92,500 8,244,194 SH   SOLE   8,110,134 0 134,060
AMERICAN INTL GROUP INC COM 026874784 6,330 115,975 SH   SOLE   115,975 0 0
AMERICAN VANGUARD CORP COM 030371108 316 23,910 SH   SOLE   23,910 0 0
APPLE COMPUTER COM 037833100 11,202 120,547 SH   SOLE   120,547 0 0
ASSURANT INC COM 04621X108 2,132 32,530 SH   SOLE   32,530 0 0
ATLAS AIR WORLDWIDE COM 049164205 55,942 1,518,103 SH   SOLE   1,495,798 0 22,305
AVNET INC COM 053807103 85,877 1,938,096 SH   SOLE   1,905,956 0 32,140
AVON PRODUCTS COM 054303102 1,096 75,000 SH   SOLE   75,000 0 0
BANK OF AMERICA CORP COM 060505104 18,787 1,222,330 SH   SOLE   1,222,330 0 0
BED BATH & BEYOND COM 075896100 1,693 29,500 SH   SOLE   29,500 0 0
BIG LOTS INC COM 089302103 89,103 1,949,739 SH   SOLE   1,912,954 0 36,785
BLACK BOX CORP DEL COM COM 091826107 2,665 113,708 SH   SOLE   113,708 0 0
BP PLC SPONS ADR COM 055622104 84,960 1,610,624 SH   SOLE   1,585,444 0 25,180
BRADY CORPORATION - CL A COM 104674106 372 12,450 SH   SOLE   12,450 0 0
BROADCOM CORP CL A COM 111320107 13,492 363,481 SH   SOLE   363,481 0 0
CB FINANCIAL SERVICES INC COM 12479G101 198 10,000 SH   SOLE   10,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 68,706 2,210,615 SH   SOLE   2,172,130 0 38,485
CHICOS FAS INC COM 168615102 560 33,000 SH   SOLE   33,000 0 0
CISCO SYS INC COM 17275R102 238 9,591 SH   SOLE   9,591 0 0
COMMUNITY HLTH SYS COM 203668108 115,719 2,550,558 SH   SOLE   2,511,228 0 39,330
COWEN GROUP INC COM 223622101 386 91,516 SH   SOLE   91,516 0 0
DEVON ENERGY CORPORATION NEW COM 25179M103 5,273 66,411 SH   SOLE   66,411 0 0
DUCOMMUN INC COM 264147109 1,376 52,660 SH   SOLE   52,660 0 0
E I DU PONT DE NEMOURS & CO COM 263534109 337 5,150 SH   SOLE   5,150 0 0
EATON CORPORATION COM g29183103 64,550 836,361 SH   SOLE   819,621 0 16,740
EXELON COM 30161N101 2,246 61,564 SH   SOLE   61,564 0 0
EZCORP INC COM 302301106 1,765 152,830 SH   SOLE   152,830 0 0
FBL FINANCIAL GROUP INC-CL A COM 30239F106 1,574 34,220 SH   SOLE   34,220 0 0
FBR & CO COM 30247C400 1,224 45,118 SH   SOLE   45,118 0 0
FIRST COMMONWEALTH FINL CORP COM 319829107 1,490 161,630 SH   SOLE   161,630 0 0
FIRST NIAGARA FINL GROUP INC COM 33582V108 83,919 9,601,679 SH   SOLE   9,457,894 0 143,785
FNB CORPORATION COM 302520101 2,897 225,995 SH   SOLE   225,995 0 0
FORD MOTOR CO NEW COM 345370860 865 50,150 SH   SOLE   50,150 0 0
FRESH MARKET INC COM 35804H106 536 16,000 SH   SOLE   16,000 0 0
GAMESTOP CORPORATION COM 36467W109 567 14,000 SH   SOLE   14,000 0 0
GENERAL ELECTRIC CO COM 369604103 1,621 61,689 SH   SOLE   61,689 0 0
GENERAL MOTORS CO COM 37045V100 13,402 369,190 SH   SOLE   369,190 0 0
GENERAL MOTORS ESCROW SHARES COM 370ESCBQ7 0 2,000,000 SH   SOLE   2,000,000 0 0
GENWORTH FINANCIAL INC CMN CLA COM 37247D106 16,351 939,704 SH   SOLE   939,704 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 1,126 20,440 SH   SOLE   20,440 0 0
GLOBAL POWER EQUIPMENT GROUP COM 37941P306 1,665 103,045 SH   SOLE   103,045 0 0
GNC HOLDINGS INC COM 36191G107 525 15,400 SH   SOLE   15,400 0 0
GOLDCORP INC NEW COM 380956409 977 35,000 SH   SOLE   35,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 3,214 19,195 SH   SOLE   19,195 0 0
GRAFTECH INTERNATIONAL LTD COM 384313102 40,777 3,898,357 SH   SOLE   3,830,817 0 67,540
HARTFORD FINANCIAL SERVICES COM 416515104 89,538 2,500,364 SH   SOLE   2,461,339 0 39,025
HEALTH NET INC COM 42222G108 106,181 2,556,117 SH   SOLE   2,513,077 0 43,040
HEWLETT PACKARD CO COM 428236103 16,963 503,655 SH   SOLE   503,655 0 0
HIGHWOODS PROP COM 431284108 3,391 80,832 SH   SOLE   80,832 0 0
INTEGRA LIFE SCIENCES HOLDING COM 457985208 4,583 97,390 SH   SOLE   97,390 0 0
INTEL CORP CMN COM 458140100 14,569 471,490 SH   SOLE   471,490 0 0
INTL BUSINESS MACHINES CORP COM 459200101 218 1,205 SH   SOLE   1,205 0 0
INTL PAPER CO COM 460146103 69,502 1,377,090 SH   SOLE   1,350,745 0 26,345
JABIL CIRCUIT INC CMN COM 466313103 5,717 273,555 SH   SOLE   273,555 0 0
JOHNSON & JOHNSON COM 478160104 339 3,245 SH   SOLE   3,245 0 0
JOHNSON CONTROLS INC COM 478366107 64,104 1,283,886 SH   SOLE   1,257,466 0 26,420
JPMORGAN CHASE & CO COM 46625H100 97,887 1,698,840 SH   SOLE   1,673,145 0 25,695
KBR INC COM 48242W106 15,307 641,812 SH   SOLE   641,812 0 0
KENNAMETAL INC COM 489170100 97,334 2,103,163 SH   SOLE   2,072,358 0 30,805
KEYCORP NEW COM COM 493267108 75,586 5,274,657 SH   SOLE   5,169,782 0 104,875
KOHLS CORP COM 500255104 4,150 78,783 SH   SOLE   78,783 0 0
L-3 COMMUNICATNS HLDGS COM COM 502424104 242 2,000 SH   SOLE   2,000 0 0
LMI AEROSPACE INC COM 502079106 1,426 109,000 SH   SOLE   109,000 0 0
LSB INDUSTRIES INC COM 502160104 1,223 29,350 SH   SOLE   29,350 0 0
MACYS INC COM 55616P104 37,270 642,368 SH   SOLE   632,808 0 9,560
MANNING & NAPIER INC COM 56382Q102 2,945 170,605 SH   SOLE   170,605 0 0
MCDERMOTT INTERNATIONAL INC COM 580037109 49,720 6,145,876 SH   SOLE   6,057,661 0 88,215
MEDIFAST INC COM 58470H101 1,639 53,900 SH   SOLE   53,900 0 0
MERCK & CO INC COM 58933Y105 313 5,410 SH   SOLE   5,410 0 0
METLIFE COM 59156R108 97,523 1,755,271 SH   SOLE   1,729,661 0 25,610
MFC INDUSTRIAL LTD COM 55278T105 931 121,675 SH   SOLE   121,675 0 0
MODINE MANUFACTURING CO COM 607828100 2,961 188,120 SH   SOLE   188,120 0 0
MYRIAD GENETICS INC CMN COM 62855J104 42,471 1,091,227 SH   SOLE   1,072,527 0 18,700
NABORS INDUSTRIES LTD SHS COM G6359F103 1,050 35,753 SH   SOLE   35,753 0 0
NETAPP INC COM 64110D104 20,283 555,405 SH   SOLE   555,405 0 0
NEWMONT MINING CORP COM 651639106 28,269 1,111,208 SH   SOLE   1,095,823 0 15,385
OFFICE DEPOT COM 676220106 541 95,000 SH   SOLE   95,000 0 0
OFG BANCORP COM 67103X102 3,723 202,205 SH   SOLE   202,205 0 0
OMEGA PROTEIN CORP COM 68210P107 1,583 115,700 SH   SOLE   115,700 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 5,676 258,250 SH   SOLE   258,250 0 0
ORBOTECH LTD COM M75253100 1,679 110,600 SH   SOLE   110,600 0 0
OSI SYSTEMS INC COM 671044105 3,521 52,745 SH   SOLE   52,745 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,398 40,000 SH   SOLE   40,000 0 0
PBF ENERGY INC CL A COM 69318G106 83,769 3,143,292 SH   SOLE   3,089,137 0 54,155
PHILLIPS 66 COM 718546104 1,356 16,865 SH   SOLE   16,865 0 0
PHOTOMEDEX INC COM 719358301 1,070 87,365 SH   SOLE   87,365 0 0
PIER 1 IMPORTS INC (DELAWARE) COM 720279108 516 33,500 SH   SOLE   33,500 0 0
PNC FINL SVCS GROUP COM COM 693475105 1,913 21,484 SH   SOLE   21,484 0 0
PROTECTIVE LIFE CORP COM COM 743674103 2,468 35,600 SH   SOLE   35,600 0 0
QUALITY SYSTEMS INC COM 747582104 18,010 1,122,088 SH   SOLE   1,095,348 0 26,740
RIO TINTO PLC COM 767204100 86,706 1,597,384 SH   SOLE   1,571,689 0 25,695
ROGERS COMMUNICATIONS INC COM 775109200 1,032 25,635 SH   SOLE   25,635 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 11,133 200,242 SH   SOLE   200,242 0 0
SELECTIVE INSURANCE GROUP COM 816300107 1,131 45,745 SH   SOLE   45,745 0 0
SILICON GRAPHICS INC DEL COM 82706L108 4,573 475,389 SH   SOLE   475,389 0 0
SPDR GOLD TRUST COM 78463V107 472 3,690 SH   SOLE   3,690 0 0
SPIRIT AEROSYSTEMS HOLDINGS COM 848574109 84,597 2,510,292 SH   SOLE   2,464,707 0 45,585
SUSQUEHANNA BANCSHARES INC COM 869099101 883 83,655 SH   SOLE   83,655 0 0
SYMANTEC CORP COM 871503108 93,097 4,065,377 SH   SOLE   3,994,442 0 70,935
TARGET CORP COM 87612E106 89,187 1,539,026 SH   SOLE   1,512,666 0 26,360
TCF FINL CORP COM COM 872275102 2,870 175,299 SH   SOLE   175,299 0 0
TEREX CORP NEW COM COM 880779103 2,228 54,205 SH   SOLE   54,205 0 0
TEVA PHARMACEUTICALS SP ADR COM 881624209 95,761 1,826,799 SH   SOLE   1,798,399 0 28,400
TEXTRON INC COM 883203101 60,298 1,574,771 SH   SOLE   1,543,321 0 31,450
THE BANCORP INC COM 05969A105 332 27,864 SH   SOLE   27,864 0 0
TIDEWATER INC COM 886423102 46,382 826,039 SH   SOLE   815,509 0 10,530
TITAN INTERNATIONAL INC COM 88830M102 39,007 2,319,080 SH   SOLE   2,280,930 0 38,150
TITAN MACHINERY INC COM 88830R101 3,828 232,545 SH   SOLE   232,545 0 0
TRANSOCEAN INC COM H8817H100 28,561 634,260 SH   SOLE   621,350 0 12,910
TRW AUTOMOTIVE HOLDING CORP COM 87264s106 11,488 128,325 SH   SOLE   128,325 0 0
VALLEY NATIONAL BANCORP COM 919794107 126 12,758 SH   SOLE   12,758 0 0
VERA BRADLEY INC COM 92335C106 486 22,200 SH   SOLE   22,200 0 0
VERIFONE HOLDINGS INC. CMN COM 92342Y109 1,539 41,870 SH   SOLE   41,870 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 4,100 83,785 SH   SOLE   83,785 0 0
VOXX INTERNATIONAL CORPORATION COM 91829F104 2,898 307,965 SH   SOLE   307,965 0 0
VOYA FINANCIAL INC COM 929089100 92,859 2,555,275 SH   SOLE   2,513,160 0 42,115
WAL-MART STORES INC COM 931142103 1,413 18,816 SH   SOLE   18,816 0 0
WELLPOINT INC CMN COM 94973V107 2,933 27,258 SH   SOLE   27,258 0 0
WELLS FARGO & CO (NEW) CMN COM 949746101 45,378 863,362 SH   SOLE   847,247 0 16,115
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 1,131 94,780 SH   SOLE   94,780 0 0
BANK OF AMERICA PREFERRED SERI CPFD 060505682 638 544 SH   SOLE   544 0 0
ANNALY CAPITAL MGMT 7.5% 12/31 PFD 035710805 970 40,000 SH   SOLE   40,000 0 0
FNB CORP 7.25% PREFERRED PFD 30255P103 551 20,000 SH   SOLE   20,000 0 0
GENERAL MOTORS CORP LIQUIDATIO PFD 370ESC733 0 125,000 SH   SOLE   125,000 0 0
GOLDMAN SACHS GROUP INC 6 3/8% PFD 38148b108 1,053 40,000 SH   SOLE   40,000 0 0
KEMPER CORP 7.375% 02/27/2054 PFD 488401209 519 20,000 SH   SOLE   20,000 0 0
MORGAN STANLEY FIXED TO FLOATI PFD 61762V200 1,254 45,000 SH   SOLE   45,000 0 0
SEASPAN CORP PFD 6.375% PFD 81254U205 256 10,000 SH   SOLE   10,000 0 0
JAKKS PACIFIC INC 4.5% 11/01/2 CONV 47012EAD8 3,301 3,301,000 PRN   SOLE   3,301,000 0 0
TOWER GROUP INTL LTD CONV 891777AC8 4,263 5,000,000 PRN   SOLE   5,000,000 0 0