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
ABRAXAS PETROLEUM CORP COM H0023R105 1,319 249,840 SH   SOLE 0 249,840 0 0
ACE LTD SHS g0083b108 9,875 94,166 SH   SOLE 0 31,366 0 62,800
ACTAVIS INC SHS 00164V103 10,900 45,177 SH   SOLE 0 15,377 0 29,800
AGRIUM INC COM COM G02602103 6,662 74,857 SH   SOLE 0 21,657 0 53,200
AMDOCS LTD. SHS 031652100 6,799 148,182 SH   SOLE 0 12,682 0 135,500
APACHE CP COM 04010L103 1,354 14,427 SH   SOLE 0 14,427 0 0
ARES CAPITAL CORPORATION COM 042735100 6,101 377,550 SH   SOLE 0 44,850 0 332,700
ARROW ELECTRS INC COM COM 053807103 9,343 168,800 SH   SOLE 0 58,400 0 110,400
ATWOOD OCEANICS COM 071813109 6,806 155,786 SH   SOLE 0 46,886 0 108,900
AUTOMATIC DATA PROCESSING COM 077454106 1,587 19,105 SH   SOLE 0 19,105 0 0
AVNET INC COM COM G1154H107 9,404 226,612 SH   SOLE 0 74,412 0 152,200
BAXTER INTERNATIONAL COM 084670702 8,924 124,346 SH   SOLE 0 36,846 0 87,500
BELMOND LTD CL A 097793103 247 21,150 SH   SOLE 0 21,150 0 0
BERKSHIRE HATHAWAY INC CL B CL B 124857202 21,567 156,126 SH   SOLE 0 52,626 0 103,500
BONANZA CREEK ENERGY COM M22465104 9,860 173,293 SH   SOLE 0 59,593 0 113,700
CBS CL B 192576106 8,400 157,000 SH   SOLE 0 52,200 0 104,800
CENTURY COMMUNITIES INC COM 20030n200 976 56,240 SH   SOLE 0 56,240 0 0
CHECK POINT SOFTWARE ORD 23204G100 10,322 149,071 SH   SOLE 0 50,371 0 98,700
COHU INC COM COM 126650100 393 32,800 SH   SOLE 0 32,800 0 0
COMCAST CORP CL A SPL CL A SPL 23331A109 10,265 191,863 SH   SOLE 0 63,263 0 128,600
CONRAD INDUSTRIES COM 248019101 657 17,292 SH   SOLE 0 17,292 0 0
CONSTELLIUM N.V. CL A 252784301 2,617 106,355 SH   SOLE 0 106,355 0 0
CVS HEALTH COM 254687106 9,895 124,326 SH   SOLE 0 36,926 0 87,400
D R HORTON INC COM COM 260003108 6,078 296,200 SH   SOLE 0 46,200 0 250,000
DELUXE CORP. COM 277432100 8,060 146,125 SH   SOLE 0 58,214 0 87,911
DIAMONDROCK HOSPITALITY COM G3223R108 1,168 92,110 SH   SOLE 0 92,110 0 0
DIRECTV CO COM 30219G108 5,697 65,841 SH   SOLE 0 22,241 0 43,600
DISNEY WALT CO COM COM 31428X106 10,181 114,360 SH   SOLE 0 37,840 0 76,520
DOVER CORP COM 317585404 6,774 84,325 SH   SOLE 0 28,625 0 55,700
EASTMAN CHEMICAL CO COM 317923100 6,306 77,960 SH   SOLE 0 13,960 0 64,000
ENTERCOM COMMUNICATIONS CL A 343412102 119 14,805 SH   SOLE 0 14,805 0 0
ENTERPRISE PRODUCT PARTNERS LP COM 344849104 6,408 159,013 SH   SOLE 0 32,413 0 126,600
EVEREST RE COM 354613101 9,370 57,835 SH   SOLE 0 17,335 0 40,500
EXPRESS-SCRIPTS INC. COM 38141G104 9,145 129,479 SH   SOLE 0 38,779 0 90,700
FEDEX CORP COM 38173M102 11,069 68,560 SH   SOLE 0 23,060 0 45,500
FINANCIAL INSTITUTIONS INC COM 382550101 499 22,195 SH   SOLE 0 22,195 0 0
FINISH LINE INC CL A 406216101 6,178 246,813 SH   SOLE 0 42,447 0 204,366
FIRST BUSINESS FINANCIAL SERVICES COM 438516106 370 8,420 SH   SOLE 0 8,420 0 0
FLEXTRONICS INTERNATIONAL LTD ORD 439038100 6,131 594,041 SH   SOLE 0 132,441 0 461,600
FLUOR COM 447011107 7,540 112,896 SH   SOLE 0 32,596 0 80,300
FOOT LOCKER INC COM 457153104 10,552 189,616 SH   SOLE 0 64,016 0 125,600
GASTAR EXPLORATION INC COM 457187102 481 82,000 SH   SOLE 0 82,000 0 0
GENERAL MOTORS CO. COM 478366107 2,332 73,015 SH   SOLE 0 73,015 0 0
GOLDMAN SACHS COM 48562P103 2,083 11,345 SH   SOLE 0 11,345 0 0
GOLUB CAPITAL BDC COM 50540R409 952 59,661 SH   SOLE 0 59,661 0 0
GOODYEAR TIRE AND RUBBER COM 512807108 985 43,635 SH   SOLE 0 43,635 0 0
HONEYWELL INTERNATIONAL INC COM 517942108 7,783 83,578 SH   SOLE 0 17,778 0 65,800
HOOKER FURNITURE CORP COM G5480U104 282 18,569 SH   SOLE 0 18,569 0 0
HUNTSMAN CORP COM G5480U120 7,068 271,960 SH   SOLE 0 50,860 0 221,100
INGRAM MICRO INC CL A N53745100 1,701 65,898 SH   SOLE 0 65,898 0 0
INGREDION INC COM 559222401 8,527 112,509 SH   SOLE 0 35,609 0 76,900
JOHNSON CTLS INC COM 563420108 6,651 151,164 SH   SOLE 0 26,764 0 124,400
JOURNAL COMMUNICATIONS INC CL A 58155Q103 97 11,526 SH   SOLE 0 11,526 0 0
KAPSTONE PAPER AND PACKAGING COM 59001A102 7,852 280,743 SH   SOLE 0 80,460 0 200,283
KLA-TENCOR CORP COM COM 59151K108 9,362 118,837 SH   SOLE 0 39,868 0 78,969
LABORATORY CORP. OF AMERICA COM NEW 595137100 7,117 69,949 SH   SOLE 0 21,949 0 48,000
LAM RESEARCH CORP COM 628530107 10,624 142,226 SH   SOLE 0 48,626 0 93,600
LIBERTY GLOBAL PLC CL A SHS CL A Y62132108 4,538 106,676 SH   SOLE 0 34,676 0 72,000
LIBERTY GLOBAL PLC CL C SHS CL C 655044105 4,546 110,831 SH   SOLE 0 34,731 0 76,100
LIBERTY INTERACTIVE COM SER A 681919106 9,584 336,045 SH   SOLE 0 114,245 0 221,800
MAGNA INTL INC COM 682189105 6,680 70,378 SH   SOLE 0 24,978 0 45,400
MANITEX INTERNATIONAL COM 695156109 1,360 120,481 SH   SOLE 0 120,481 0 0
MCKESSON COM 69327R101 8,397 43,133 SH   SOLE 0 8,533 0 34,600
MEDLEY CAPITAL CORP COM 72147K108 701 59,375 SH   SOLE 0 59,375 0 0
MEREDITH CORP COM 729132100 8,214 191,918 SH   SOLE 0 55,418 0 136,500
MERITAGE CORP COM 740189105 6,880 193,792 SH   SOLE 0 54,292 0 139,500
METHANEX CORP. COM 744320102 10,358 155,054 SH   SOLE 0 52,754 0 102,300
MYLAN COM 693656100 9,071 199,406 SH   SOLE 0 71,206 0 128,200
NEENAH PAPER COM 74965L101 480 8,966 SH   SOLE 0 8,966 0 0
NOBLE ENERGY COM 778296103 8,593 125,704 SH   SOLE 0 40,304 0 85,400
OMNICOM GROUP INC COM 780087102 9,288 134,884 SH   SOLE 0 43,884 0 91,000
ON SEMICONDUCTOR CORP COM 80004C101 7,342 821,255 SH   SOLE 0 121,275 0 699,980
ORACLE COM 80105N105 9,377 244,949 SH   SOLE 0 87,049 0 157,900
PACKAGING CORP OF AMERICA COM 83088M102 1,393 21,825 SH   SOLE 0 21,825 0 0
PDC ENERGY INC COM 84610H108 6,154 122,379 SH   SOLE 0 21,579 0 100,800
PRECISION CASTPARTS CORP COM 84763R101 7,014 29,609 SH   SOLE 0 5,609 0 24,000
PVH Corp COM 85254J102 7,864 64,909 SH   SOLE 0 14,909 0 50,000
QUALCOMM INC COM 86800U104 9,535 127,520 SH   SOLE 0 43,420 0 84,100
RLJ LODGING TRUST COM 87162W100 7,447 261,581 SH   SOLE 0 37,281 0 224,300
ROSS STORES INC COM COM 118440106 9,637 127,509 SH   SOLE 0 33,509 0 94,000
ROYAL BANK OF CANADA ADR 883556102 9,117 127,598 SH   SOLE 0 37,798 0 89,800
SANDISK CORPORATION COM 885160101 9,758 99,620 SH   SOLE 0 31,520 0 68,100
SANOFI ADR 887317303 10,068 178,410 SH   SOLE 0 61,410 0 117,000
SHILOH INDUSTRIES COM 872540109 697 40,987 SH   SOLE 0 40,987 0 0
SKYWORKS SOLUTIONS COM 891160509 9,828 169,305 SH   SOLE 0 51,305 0 118,000
SOVRAN SELF STORAGE COM COM 89677Y100 7,377 99,209 SH   SOLE 0 17,709 0 81,500
SPECTRUM BRANDS INC COM 902494103 8,575 94,719 SH   SOLE 0 32,078 0 62,641
STAG INDUSTRIAL COM 913017109 1,502 72,545 SH   SOLE 0 72,545 0 0
STOCK YARDS BANCORP COM 902973304 606 20,118 SH   SOLE 0 20,118 0 0
SUPER MICRO COMPUTER, INC COM 92343V104 7,186 244,240 SH   SOLE 0 29,240 0 215,000
SYNERGY RESOURCES INC. COM 92553P201 549 45,045 SH   SOLE 0 45,045 0 0
SYNNEX CORP COM 928298108 3,120 48,275 SH   SOLE 0 48,275 0 0
THE BUCKLE COM 949746101 7,878 173,557 SH   SOLE 0 49,057 0 124,500
THERMO FISHER SCIENTIFIC COM 95082P105 9,645 79,249 SH   SOLE 0 27,249 0 52,000
TIME WARNER INC COM COM 959802109 10,134 134,741 SH   SOLE 0 45,301 0 89,440
TJX COMPANIES COM 966387102 682 11,527 SH   SOLE 0 11,527 0 0
TORONTO DOMINION COM 974637100 9,236 187,002 SH   SOLE 0 60,502 0 126,500
TRIPLE POINT VENTURE GROWTH COM 981811102 591 40,453 SH   SOLE 0 40,453 0 0
TYSON FOODS CL A 92937A102 9,622 244,397 SH   SOLE 0 78,597 0 165,800
UFP TECHNOLOGIES, INC COM 98310W108 324 14,730 SH   SOLE 0 14,730 0 0
UNITED TECHNOLOGIES CORP COM COM 98956P102 2,604 24,656 SH   SOLE 0 24,656 0 0