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
ACCO BRANDS CORP COM 00081T108 756 113,810 SH   SOLE   52,700 0 61,110
AECOM TECHNOLOGY CORP DELAWA COM 00766T100 1,128 36,060 SH   SOLE   16,660 0 19,400
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 1,322 111,499 SH   SOLE   51,588 0 59,911
AMERICAN EQTY INVT LIFE HLD COM 025676206 2,176 102,540 SH   SOLE   47,406 0 55,134
APOLLO COML REAL EST FIN INC COM 03762U105 1,202 78,730 SH   SOLE   36,430 0 42,300
ARES CAP CORP COM 04010L103 1,694 98,000 SH   SOLE   45,290 0 52,710
ARES COML REAL ESTATE CORP COM 04013V108 766 61,590 SH   SOLE   28,530 0 33,060
ASBURY AUTOMOTIVE GROUP INC COM 043436104 2,761 51,890 SH   SOLE   23,990 0 27,900
AVISTA CORP COM 05379B107 1,330 50,370 SH   SOLE   23,290 0 27,080
AVNET INC COM 053807103 1,396 33,460 SH   SOLE   15,460 0 18,000
BELDEN INC COM 077454106 2,166 33,810 SH   SOLE   15,630 0 18,180
BIO RAD LABS INC CL A 090572207 971 8,260 SH   SOLE   3,820 0 4,440
BRINKER INTL INC COM 109641100 1,503 37,080 SH   SOLE   17,109 0 19,971
CHAMBERS STR PPTYS COM 157842105 1,221 139,090 SH   SOLE   64,410 0 74,680
CINEMARK HOLDINGS INC COM 17243V102 1,013 31,900 SH   SOLE   14,730 0 17,170
COMSTOCK RES INC COM NEW 205768203 749 47,050 SH   SOLE   21,820 0 25,230
COUSINS PPTYS INC COM 222795106 1,446 140,527 SH   SOLE   64,887 0 75,640
CROWN HOLDINGS INC COM 228368106 1,791 42,350 SH   SOLE   19,580 0 22,770
CYS INVTS INC COM 12673a108 990 121,800 SH   SOLE   56,340 0 65,460
DEAN FOODS CO NEW COM NEW 242370203 756 39,190 SH   SOLE   18,150 0 21,040
DELUXE CORP COM 248019101 1,841 44,200 SH   SOLE   20,440 0 23,760
DIGITALGLOBE INC COM NEW 25389M877 1,323 41,850 SH   SOLE   19,330 0 22,520
ELECTRO SCIENTIFIC INDS COM 285229100 1,141 97,630 SH   SOLE   45,230 0 52,400
ENPRO INDS INC COM 29355X107 1,820 30,220 SH   SOLE   13,960 0 16,260
FLEXTRONICS INTL LTD ORD Y2573F102 1,818 200,002 SH   SOLE   92,239 0 107,763
HAIN CELESTIAL GROUP INC COM 405217100 731 9,480 SH   SOLE   4,390 0 5,090
HANCOCK HLDG CO COM 410120109 1,112 35,440 SH   SOLE   16,390 0 19,050
HUDSON PAC PPTYS INC COM 444097109 1,033 53,124 SH   SOLE   24,558 0 28,566
INVESCO MORTGAGE CAPITAL INC COM 46131b100 728 47,290 SH   SOLE   21,900 0 25,390
KEYW HLDG CORP COM 493723100 807 59,990 SH   SOLE   27,790 0 32,200
LITTELFUSE INC COM 537008104 1,687 21,563 SH   SOLE   9,973 0 11,590
LOUISIANA PAC CORP COM 546347105 1,153 65,530 SH   SOLE   30,300 0 35,230
LUXFER HLDGS PLC SPONSORED ADR 550678106 1,197 74,890 SH   SOLE   34,620 0 40,270
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 2,847 132,230 SH   SOLE   61,140 0 71,090
MATRIX SVC CO COM 576853105 1,329 67,730 SH   SOLE   31,401 0 36,329
MB FINANCIAL INC NEW COM 55264U108 922 32,690 SH   SOLE   15,130 0 17,560
MCDERMOTT INTL INC COM 580037109 777 104,580 SH   SOLE   48,430 0 56,150
MEREDITH CORP COM 589433101 1,395 29,288 SH   SOLE   13,527 0 15,761
MERITOR INC COM 59001K100 1,731 220,234 SH   SOLE   101,835 0 118,399
MFA FINL INC COM 55272X102 755 101,320 SH   SOLE   46,930 0 54,390
NATIONAL PENN BANCSHARES INC COM 637138108 1,234 122,827 SH   SOLE   56,768 0 66,059
NAVISTAR INTL CORP NEW COM 63934E108 731 20,030 SH   SOLE   9,280 0 10,750
NEWELL RUBBERMAID INC COM 651229106 1,719 62,495 SH   SOLE   28,891 0 33,604
OCH ZIFF CAP MGMT GROUP CL A 67551u105 1,614 146,880 SH   SOLE   67,740 0 79,140
OLD NATL BANCORP IND COM 680033107 1,362 95,890 SH   SOLE   44,260 0 51,630
OMNICARE INC COM 681904108 1,445 26,030 SH   SOLE   12,020 0 14,010
PATTERSON UTI ENERGY INC COM 703481101 598 27,990 SH   SOLE   12,960 0 15,030
PEBBLEBROOK HOTEL TR COM 70509V100 898 31,270 SH   SOLE   14,440 0 16,830
PORTLAND GEN ELEC CO COM NEW 736508847 1,895 67,110 SH   SOLE   31,090 0 36,020
PRIVATEBANCORP INC COM 742962103 1,184 55,340 SH   SOLE   25,550 0 29,790
PULTE GROUP INC COM 745867101 1,238 75,050 SH   SOLE   34,730 0 40,320
REGAL BELOIT CORP COM 758750103 1,557 22,920 SH   SOLE   10,610 0 12,310
REGAL ENTMT GROUP CL A 758766109 1,310 69,020 SH   SOLE   31,860 0 37,160
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 1,001 41,300 SH   SOLE   19,110 0 22,190
STAGE STORES INC COM NEW 85254C305 610 31,750 SH   SOLE   14,620 0 17,130
STEEL DYNAMICS INC COM 858119100 766 45,800 SH   SOLE   21,090 0 24,710
STILLWATER MNG CO COM 86074Q102 1,107 100,570 SH   SOLE   46,580 0 53,990
WHITEWAVE FOODS CO COM CL A 966244105 744 37,251 SH   SOLE   17,252 0 19,999