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
AJS BANCORP Common 001503101 180 15,000 SH   SOLE   15,000 0 0
ALLETE Common US0185223 4,519 90,600 SH   SOLE   90,000 0 0
AMERIS BANCORP Common US03076K1 10,175 481,978 SH   SOLE   479,847 0 0
ASTORIA FINANCIAL CORP Common US0462651 5,130 370,915 SH   SOLE   369,615 0 0
BNC BANCORP Common 05566T101 5,330 310,995 SH   SOLE   310,995 0 0
BROOKLINE BANCORP INC Common US11373M1 3,180 333,000 SH   SOLE   332,700 0 0
BROOKS AUTOMATION INC Common US1143401 5,308 505,959 SH   SOLE   502,269 0 0
CAMBRIDGE BANCORP Common US1321521 980 24,482 SH   SOLE   24,482 0 0
CARTER'S INC Common US1462291 4,907 68,351 SH   SOLE   67,751 0 0
CITY HOLDING CO Common US1778351 194 4,195 SH   SOLE   4,195 0 0
COLONY BANKCORP INC. Common US19623P1 1,462 239,628 SH   SOLE   238,716 0 0
DIME COMMUNITY BANCSHARES INC Common US2539221 692 40,900 SH   SOLE   40,900 0 0
FIRST CONNECTICUT BANCORP, INC. Common US3198501 666 41,300 SH   SOLE   41,300 0 0
FOREST LABORATORIES INC Common US3458381 8,764 146,000 SH   SOLE   145,500 0 0
FRONTIER COMMUNICATIONS CORP Common US35906A1 4,655 1,001,017 SH   SOLE   995,254 0 0
GENERAL DYNAMICS CORP. Common US3695501 5,031 52,660 SH   SOLE   52,431 0 0
HEWLETT-PACKARD CO Common US4282361 6,240 223,014 SH   SOLE   222,014 0 0
INDEPENDENT BANK CORP/MA Common US4538361 6,970 178,179 SH   SOLE   177,511 0 0
INTERNATIONAL BANCSHARES CORP Common US4590441 6,021 228,427 SH   SOLE   226,807 0 0
JM SMUCKER CO/THE Common US8326964 4,767 46,000 SH   SOLE   45,700 0 0
MARATHON OIL CORP Common US5658491 6,043 171,182 SH   SOLE   170,482 0 0
MARATHON PETROLEUM CORP Common US56585A1 5,457 59,491 SH   SOLE   59,141 0 0
MICROSOFT CORP. Common US5949181 6,816 182,200 SH   SOLE   181,200 0 0
NAUGATUCK VALLEY FINANCIAL Common US63906P1 279 38,600 SH   SOLE   38,600 0 0
NEXTERA ENERGY, INC. Common US65339F1 7,003 81,794 SH   SOLE   81,394 0 0
PARK STERLING CORP Common US70086Y1 367 51,438 SH   SOLE   51,438 0 0
PEOPLES BANCORP INC Common US7097891 1,116 49,600 SH   SOLE   49,300 0 0
PRAXAIR INC. Common US74005P1 4,691 36,080 SH   SOLE   35,832 0 0
QUEST DIAGNOSTICS Common US74834L1 4,016 75,007 SH   SOLE   74,547 0 0
REGAL ENTERTAINMENT GROUP - A Common US7587661 2,909 149,587 SH   SOLE   148,887 0 0
SOUTHWEST BANCORP INC. Common US8447671 6,288 394,967 SH   SOLE   393,297 0 0
THE CHUBB CORPORATION Common US1712321 5,061 52,375 SH   SOLE   51,925 0 0
UNITED FINANCIAL BANCORP INC Common US91030T1 271 14,362 SH   SOLE   14,362 0 0
UNITEDHEALTH GROUP INC Common US91324P1 5,645 74,972 SH   SOLE   74,418 0 0
UNIVEST CORP OF PENNSYLVANIA Common US9152711 5,208 251,849 SH   SOLE   250,229 0 0
VALASSIS COMMUNICATIONS INC Common US9188661 7,919 231,200 SH   SOLE   230,200 0 0
VERIZON COMMUNICATIONS Common US92343V1 3,573 72,701 SH   SOLE   72,016 0 0
WEBSTER FINANCIAL CORP - CT Common US9478901 5,610 179,916 SH   SOLE   179,550 0 0
WELLPOINT INC (NEW) Common US94973V1 7,887 85,362 SH   SOLE   85,000 0 0
WESTERN UNION CO. Common US9598021 5,920 343,200 SH   SOLE   341,500 0 0
XEROX CORP Common US9841211 6,592 541,700 SH   SOLE   538,800 0 0
144A KRBL LIMITED DERIVATIVE Derivative 48125D811 924 1,679,000 SH   SOLE   1,679,000 0 0
144A LIC HOUSING FINANCE DERIVATIVE Derivative 46627U737 724 204,200 SH   SOLE   204,200 0 0
144A NIIT TECHNOLOGIES DERIVATIVE Derivative 48125D761 1,616 276,900 SH   SOLE   276,900 0 0
144A SOUTH INDIAN BANK LIMITED DERIVATIVE Derivative 48125D779 832 2,535,250 SH   SOLE   2,535,250 0 0
144A USHA MARTIN LTD_ODI_21AUG18 Derivative 48125D787 390 807,100 SH   SOLE   807,100 0 0
BHP BILLITON PLC - ADR (UK) ADR 05545E209 61,546 990,758 SH   SOLE   818,437 0 0
INFOSYS LTD - SP ADR Spon ADR US4567881 63,157 1,115,850 SH   SOLE   886,346 0 0
METHANEX CORPORATION (US SHARES) ADR CA59151K1 525 8,870 SH   SOLE   6,950 0 0
NOVARTIS AG-ADR ADR US66987V1 64 800 SH   SOLE   0 0 0
SAMSUNG ELECTRONICS COMMON-GDR GDR US7960508 23,128 35,581 SH   SOLE   12,256 0 0
SAMSUNG ELECTRONICS PFD N/V-GDR GDR US7960502 178 370 SH   SOLE   370 0 0
SHANGHAI MECHANICAL AND EL-B SHARES Common CNE000000 2,509 1,455,568 SH   SOLE   1,455,568 0 0
TAIWAN SEMICONDUCTOR - SP ADR Spon ADR 874039100 301 17,239 SH   SOLE   17,239 0 0
TEVA PHARMACEUTICAL - SP ADR Spon ADR US8816242 60,562 1,511,031 SH   SOLE   1,275,891 0 0