Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Walter Investment Management C	3,448,365	$136M	5.3%	$33.81	—	COM	93317W102
—	Corrections Corp of America	3,187,463	$110M	4.3%	$33.87	—	COM	22025Y407
MSM	MSC Industrial Direct Co-A	1,305,931	$106M	4.1%	$80.57	-1.1%	COM	553530106
—	Howard Hughes Corp	897,782	$101M	3.9%	$112.09	—	COM	44267D107
—	Gannett Inc.	3,587,557	$96.11M	3.7%	$24.59	—	COM	364730101
—	HSN Inc.	1,677,900	$89.97M	3.5%	$53.72	—	COM	404303109
LQDT	Liquidity Services Inc	2,453,754	$82.2M	3.2%	$34.41	-7.6%	COM	53635B107
ZBRA	Zebra Technologies Corp Cl A	1,777,322	$80.97M	3.2%	$45.53	+1.3%	COM	989207105
TMO	Thermo Fisher Scientific Inc.	874,425	$80.58M	3.1%	$79.76	+8.8%	COM	883556102
—	Jarden Corp.	1,490,985	$72.16M	2.8%	$43.75	—	COM	471109108
—	Gencorp	4,392,980	$70.42M	2.7%	$16.24	—	COM	368682100
—	Shire PLC ADR	563,461	$67.55M	2.6%	$95.11	—	COM	82481R106
OTEX	Open Text Corp	867,198	$64.74M	2.5%	$12.64	+7.2%	COM	683715106
IWN	iShares - Russell 2000 Value	692,111	$63.42M	2.5%	$87.88	—	MF	464287630
FLS	Flowserve Corp	972,166	$60.65M	2.4%	$43.12	+6.9%	COM	34354P105
AZO	Autozone Inc.	135,025	$57.08M	2.2%	$407.86	+4.9%	COM	053332102
FISV	Fiserv Inc	536,527	$54.22M	2.1%	$21.93	+10.3%	COM	337738108
—	HCC Insurance Holdings Inc.	1,201,607	$52.65M	2.1%	$43.11	—	COM	404132102
—	Scripps Networks Interactive C	671,124	$52.42M	2.0%	$66.76	—	COM	811065101
—	First Cash Financial Services	891,073	$51.58M	2.0%	$49.21	—	COM	31942D107
—	Stancorp Financial Group	927,273	$51.02M	2.0%	$49.41	—	COM	852891100
—	Willis Group Holdings Public L	1,171,190	$50.75M	2.0%	$40.78	—	COM	G96666105
—	MTS Systems Corp	773,673	$49.79M	1.9%	$56.60	—	COM	553777103
—	Infinity Property & Casualty C	768,691	$49.66M	1.9%	$59.76	—	COM	45665Q103
AMSF	Amerisafe Inc.	1,359,213	$48.27M	1.9%	$13.77	+4.6%	COM	03071H100
—	Dun & Bradstreet Corp	436,201	$45.3M	1.8%	$99.22	—	COM	26483E100
UNF	UniFirst Corp	431,459	$45.05M	1.8%	$88.55	+6.1%	COM	904708104
BKD	Brookdale Sr Living Inc.	1,673,432	$44.01M	1.7%	$27.55	-0.5%	COM	112463104
RUSHA	Rush Enterprises Inc Class A	1,655,831	$43.9M	1.7%	$11.00	+4.3%	COM	781846209
DOX	Amdocs LTD	1,183,775	$43.37M	1.7%	$28.59	+6.2%	COM	G02602103
SCI	Service Corp International	2,029,680	$37.79M	1.5%	$17.02	+9.3%	COM	817565104
—	Sirius XM Radio Inc	9,471,952	$36.7M	1.4%	$3.35	—	COM	82967N108
—	Medidata Solutions Inc	332,058	$32.85M	1.3%	$77.45	—	COM	58471A105
—	Haynes International Inc	714,908	$32.35M	1.3%	$47.87	—	COM	420877201
THR	Thermon Group Holding Inc	1,365,234	$31.55M	1.2%	$20.05	+5.5%	COM	88362T103
XYL	Xylem Inc	1,093,340	$30.54M	1.2%	$23.43	-3.0%	COM	98419M100
ARCC	Ares Capital Corp.	1,749,286	$30.25M	1.2%	$5.23	+2.6%	COM	04010L103
POOL	Pool Corp.	524,796	$29.43M	1.1%	$43.50	+7.2%	COM	73278L105
FDX	FedEx Corp.	257,539	$29.39M	1.1%	$81.95	+11.4%	COM	31428X106
MTD	Mettler Toledo International	118,670	$28.49M	1.1%	$213.30	+5.7%	COM	592688105
—	Tesco Corp.	1,646,494	$27.25M	1.1%	$13.25	—	COM	88157K101
—	Liberty Interactive Corp Class	1,008,334	$23.67M	0.9%	$23.01	—	COM	53071M104
SWK	Stanley Black & Decker	256,124	$23.2M	0.9%	$56.98	+10.0%	COM	854502101
—	Ensco PLC Shares Class A	425,257	$22.86M	0.9%	$58.12	—	COM	G3157S106
—	Strategic Hotels & Resorts Inc	2,472,524	$21.46M	0.8%	$8.86	—	COM	86272T106
—	Brookfield Asset Mgmt Inc. Cla	570,268	$21.33M	0.8%	$36.02	—	COM	112585104
IWM	iShares - Russell 2000	192,475	$20.52M	0.8%	$100.94	—	MF	464287655
—	DirecTV	265,826	$15.89M	0.6%	$59.78	—	COM	25490A309
TFX	Teleflex Inc	96,631	$7.951M	0.3%	$71.81	0.0%	COM	879369106
—	Stewart Enterprises Inc Cl A	428,450	$5.634M	0.2%	$13.12	—	COM	860370105
—	Liberty Ventures Series A	58,665	$5.172M	0.2%	$85.02	—	COM	53071M880
WU	Western Union Co	189,815	$3.542M	0.1%	$17.11	—	COM	959802109
—	ManTech Intl Corp Class A	116,600	$3.353M	0.1%	$26.12	—	COM	564563104
—	Weatherford International LTD	179,750	$2.756M	0.1%	$13.70	—	COM	H27013103
IWS	iShares - Russell Midcap Value	36,800	$2.241M	0.1%	$59.66	—	MF	464287473
HYG	iShares - High Yield Corporate	23,700	$2.17M	0.1%	$90.89	—	MF	464288513
DVY	iShares - Dow Jones Select Div	27,100	$1.798M	0.1%	$64.02	—	MF	464287168
OII	Oceaneering Intl., Inc.	18,390	$1.494M	0.1%	$69.83	+15.1%	COM	675232102
—	Kinder Morgan Management LLC	19,122	$1.433M	0.1%	$83.47	—	COM	49455U100
IGIB	iShares - Barclays Intermediat	11,191	$1.208M	0.0%	$107.68	—	MF	464288638
—	Exelis Inc	75,765	$1.19M	0.0%	$13.80	—	COM	30162A108
PM	Philip Morris Intl Inc	10,400	$901K	0.0%	$49.85	-5.0%	COM	718172109
—	Stewart Enterprises Inc	560,000	$728K	0.0%	$1.29	—	CNV	860370AK1
MUB	iShares - S&P National AMT-Fre	5,500	$575K	0.0%	$105.09	—	MF	464288414
FHN	First Horizon Natl Corp	49,453	$543K	0.0%	$7.41	+9.6%	COM	320517105
IUSV	iShares - Russell 3000 Value	4,435	$501K	0.0%	$110.31	—	MF	464287663
BIP	Brookfield Infrast Partners LP	12,070	$459K	0.0%	$36.54	—	COM	G16252101
—	Tupperware Brands Corp.	5,300	$458K	0.0%	$77.74	—	COM	899896104
—	MacQuarie Infrastructure Co LL	7,200	$385K	0.0%	$53.47	—	COM	55608B105
BMY	Bristol-Myers Squibb Co.	8,312	$385K	0.0%	$28.67	+1.9%	COM	110122108
—	PVR Partners LP	15,653	$362K	0.0%	$27.28	—	COM	693665101
—	Fifth Street Finance	35,145	$361K	0.0%	$10.44	—	COM	31678A103
MO	Altria Group Inc.	10,400	$357K	0.0%	$16.28	-0.7%	COM	02209S103
IBM	International Business Machine	1,500	$278K	0.0%	$118.94	-6.2%	COM	459200101
CVX	Chevron Corp	2,066	$251K	0.0%	$71.30	+2.5%	COM	166764100
RF	Regions Financial Corp	26,682	$247K	0.0%	$5.80	+12.8%	COM	7591EP100
MDLZ	Mondelez Intl Inc. Cl A	6,619	$208K	0.0%	$23.72	0.0%	COM	609207105
IGSB	iShares - Barclays 1-3 Credit	1,934	$204K	0.0%	$104.96	—	MF	464288646
—	Ridgeworth Funds Inc Grd Tx Ex	11,998	$144K	0.0%	$12.00	—	MF	76628T843
—	Frontier Communications Corp	24,480	$102K	0.0%	$4.04	—	COM	35906A108
—	MFS Multimarket Income Tr Sh B	10,144	$67,000	0.0%	$6.60	—	MF	552737108