Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	GUESS INC	3,961,916	$123M	1.7%	$31.03	—	COM	401617105
—	TIDEWATER INC	1,930,303	$110M	1.5%	$56.97	—	COM	886423102
OXY	OCCIDENTAL PETE CORP DEL	1,127,627	$101M	1.4%	$57.83	0.0%	COM	674599105
—	BB&T CORP	2,859,233	$96.87M	1.3%	$33.88	—	COM	054937107
T	AT&T INC	2,663,288	$94.28M	1.3%	$11.40	0.0%	COM	00206R102
INTC	INTEL CORP	3,870,628	$93.78M	1.3%	$17.18	0.0%	COM	458140100
—	EXXON MOBIL CORP	1,013,303	$91.55M	1.2%	$90.35	—	COM	30231g102
—	DU PONT E I DE NEMOURS & CO	1,736,582	$91.17M	1.2%	$52.50	—	COM	263534109
PRU	PRUDENTIAL FINL INC	1,239,915	$90.55M	1.2%	$38.68	0.0%	COM	744320102
—	DOW CHEM CO	2,742,270	$88.22M	1.2%	$32.17	—	COM	260543103
CAT	CATERPILLAR INC DEL	1,068,553	$88.14M	1.2%	$61.55	0.0%	COM	149123101
MSFT	MICROSOFT CORP	2,542,838	$87.84M	1.2%	$26.70	0.0%	COM	594918104
EMR	EMERSON ELEC CO	1,602,189	$87.38M	1.2%	$40.02	0.0%	COM	291011104
—	JOHNSON CTLS INC	2,381,563	$85.24M	1.2%	$35.79	—	COM	478366107
—	JPMORGAN CHASE & CO	1,612,484	$85.12M	1.2%	$52.79	—	COM	46625h100
QCOM	QUALCOMM INC	1,281,203	$78.27M	1.1%	$45.06	0.0%	COM	747525103
—	MARATHON OIL CORP	2,255,988	$78.01M	1.1%	$34.58	—	COM	565849106
UPS	UNITED PARCEL SERVICE INC	866,569	$74.94M	1.0%	$55.38	0.0%	CL B	911312106
FCX	FREEPORT-MCMORAN COPPER & GO	2,713,600	$74.92M	1.0%	$24.45	0.0%	COM	35671D857
NTRS	NORTHERN TR CORP	1,290,185	$74.7M	1.0%	$40.35	0.0%	COM	665859104
BK	BANK NEW YORK MELLON CORP	2,548,053	$71.47M	1.0%	$21.22	0.0%	COM	064058100
—	FOOT LOCKER INC	2,032,610	$71.41M	1.0%	$35.13	—	COM	344849104
WMT	WAL-MART STORES INC	954,170	$71.08M	1.0%	$19.98	0.0%	COM	931142103
IBM	INTERNATIONAL BUSINESS MACHS	366,010	$69.95M	1.0%	$118.94	0.0%	COM	459200101
PH	PARKER HANNIFIN CORP	727,136	$69.37M	0.9%	$75.97	0.0%	COM	701094104
MUR	MURPHY OIL CORP	1,125,901	$68.56M	0.9%	$34.50	0.0%	COM	626717102
CSCO	CISCO SYS INC	2,790,027	$67.89M	0.9%	$15.24	0.0%	COM	17275R102
CHRW	C H ROBINSON WORLDWIDE INC	1,195,896	$67.34M	0.9%	$42.72	0.0%	COM NEW	12541W209
—	GENERAL ELECTRIC CO	2,876,000	$66.69M	0.9%	$23.19	—	COM	369604103
JNJ	JOHNSON & JOHNSON	775,669	$66.6M	0.9%	$59.66	0.0%	COM	478160104
PM	PHILIP MORRIS INTL INC	751,151	$65.06M	0.9%	$49.85	0.0%	COM	718172109
NVRI	HARSCO CORP	2,782,384	$64.52M	0.9%	$22.78	0.0%	COM	415864107
—	LINEAR TECHNOLOGY CORP	1,749,263	$64.44M	0.9%	$36.84	—	COM	535678106
—	COACH INC	1,101,120	$62.86M	0.9%	$57.09	—	COM	189754104
NUE	NUCOR CORP	1,441,631	$62.45M	0.9%	$32.41	0.0%	COM	670346105
DE	DEERE & CO	757,397	$61.54M	0.8%	$68.04	0.0%	COM	244199105
—	STATOIL ASA	2,950,708	$61.05M	0.8%	$20.69	—	SPONSORED ADR	85771P102
MS	MORGAN STANLEY	2,480,489	$60.6M	0.8%	$17.33	0.0%	COM NEW	617446448
—	SUNTRUST BKS INC	1,906,195	$60.18M	0.8%	$31.57	—	COM	867914103
KSS	KOHLS CORP	1,169,572	$59.08M	0.8%	$49.51	0.0%	COM	500255104
BAX	BAXTER INTL INC	838,006	$58.05M	0.8%	$30.42	0.0%	COM	071813109
—	TRANSOCEAN LTD	1,190,002	$57.06M	0.8%	$47.95	—	REG SHS	h8817h100
MCHP	MICROCHIP TECHNOLOGY INC	1,489,495	$55.48M	0.8%	$13.83	0.0%	COM	595017104
STLD	STEEL DYNAMICS INC	3,705,662	$55.25M	0.8%	$11.35	0.0%	COM	858119100
KMI	KINDER MORGAN INC DEL	1,397,018	$53.3M	0.7%	$20.66	0.0%	COM	49456B101
—	KELLOGG CO	817,262	$52.49M	0.7%	$38.95	0.0%	COM	487836108
ADM	ARCHER DANIELS MIDLAND CO	1,472,132	$49.92M	0.7%	$23.37	0.0%	COM	039483102
TAP	MOLSON COORS BREWING CO	1,041,102	$49.83M	0.7%	$37.25	0.0%	CL B	60871R209
USB	US BANCORP DEL	1,341,307	$48.49M	0.7%	$22.41	0.0%	COM NEW	902973304
PNC	PNC FINL SVCS GROUP INC	659,116	$48.06M	0.7%	$47.34	0.0%	COM	693475105
MET	METLIFE INC	1,050,064	$48.05M	0.7%	$24.43	0.0%	COM	59156R108
ABM	ABM INDS INC	1,939,802	$47.55M	0.6%	$17.69	0.0%	COM	000957100
CAH	CARDINAL HEALTH INC	999,270	$47.17M	0.6%	$32.61	0.0%	COM	14149Y108
CFR	CULLEN FROST BANKERS INC	693,556	$46.31M	0.6%	$43.57	0.0%	COM	229899109
PCG	PG&E CORP	1,009,163	$46.15M	0.6%	$38.88	0.0%	COM	69331C108
TEVA	TEVA PHARMACEUTICAL INDS LTD	1,176,318	$46.11M	0.6%	$39.20	—	ADR	881624209
NUS	NU SKIN ENTERPRISES INC	748,844	$45.77M	0.6%	$37.42	0.0%	CL A	67018T105
ABBV	ABBVIE INC	1,100,001	$45.47M	0.6%	$26.55	0.0%	COM	00287Y109
—	MEDTRONIC INC	864,287	$44.48M	0.6%	$51.47	—	COM	585055106
GD	GENERAL DYNAMICS CORP	566,457	$44.37M	0.6%	$56.44	0.0%	COM	369550108
MOS	MOSAIC CO NEW	813,351	$43.77M	0.6%	$46.26	0.0%	COM	61945C103
—	FINISH LINE INC	1,999,655	$43.71M	0.6%	$21.86	—	CL A	317923100
—	RESOURCES CONNECTION INC	3,716,330	$43.11M	0.6%	$11.60	—	COM	76122q105
NSC	NORFOLK SOUTHERN CORP	592,571	$43.05M	0.6%	$57.67	0.0%	COM	655844108
HUN	HUNTSMAN CORP	2,558,114	$42.36M	0.6%	$18.29	0.0%	COM	447011107
CW	CURTISS WRIGHT CORP	1,126,891	$41.76M	0.6%	$32.35	0.0%	COM	231561101
—	MICREL INC	4,147,224	$40.98M	0.6%	$9.88	—	COM	594793101
—	PENN WEST PETE LTD NEW	3,850,017	$40.73M	0.6%	$10.58	—	COM	707887105
—	PRECISION DRILLING CORP	4,759,743	$40.7M	0.6%	$8.55	—	COM 2010	74022D308
NFG	NATIONAL FUEL GAS CO N J	700,956	$40.62M	0.6%	$60.82	0.0%	COM	636180101
NEE	NEXTERA ENERGY INC	484,411	$39.47M	0.5%	$14.15	0.0%	COM	65339F101
GVA	GRANITE CONSTR INC	1,303,573	$38.79M	0.5%	$29.55	0.0%	COM	387328107
—	TOTAL S A	794,460	$38.69M	0.5%	$48.70	—	SPONSORED ADR	89151E109
—	INTERSIL CORP	4,903,644	$38.25M	0.5%	$7.80	—	CL A	46069S109
CBT	CABOT CORP	1,004,329	$37.58M	0.5%	$27.67	0.0%	COM	127055101
—	TESSERA TECHNOLOGIES INC	1,763,121	$36.67M	0.5%	$20.80	—	COM	88164L100
—	ENCANA CORP	2,125,011	$36M	0.5%	$16.94	—	COM	292505104
COHU	COHU INC	2,875,720	$35.95M	0.5%	$9.22	0.0%	COM	192576106
—	DIEBOLD INC	1,057,386	$35.62M	0.5%	$33.69	—	COM	253651103
—	KAYDON CORP	1,282,717	$35.34M	0.5%	$27.55	—	COM	486587108
—	ANWORTH MORTGAGE ASSET CP	6,263,307	$35.08M	0.5%	$5.60	—	COM	037347101
—	KNIGHT TRANSN INC	2,017,203	$33.93M	0.5%	$16.82	—	COM	499064103
—	INFINITY PPTY & CAS CORP	561,297	$33.54M	0.5%	$59.76	—	COM	45665Q103
PBI	PITNEY BOWES INC	2,243,760	$32.94M	0.4%	$14.77	0.0%	COM	724479100
—	PEOPLES UNITED FINANCIAL INC	2,204,757	$32.85M	0.4%	$14.90	—	COM	712704105
—	TRONOX LTD	1,621,267	$32.67M	0.4%	$20.15	—	SHS CL A	Q9235V101
—	CAPSTEAD MTG CORP	2,593,630	$31.38M	0.4%	$12.10	—	COM NO PAR	14067E506
WABC	WESTAMERICA BANCORPORATION	680,456	$31.09M	0.4%	$29.77	0.0%	COM	957090103
—	U S SILICA HLDGS INC	1,482,640	$30.81M	0.4%	$20.78	—	COM	90346E103
UMBF	UMB FINL CORP	549,182	$30.57M	0.4%	$50.96	0.0%	COM	902788108
—	NEW RESIDENTIAL INVT CORP	4,498,228	$30.32M	0.4%	$6.74	—	COM	64828T102
—	MENS WEARHOUSE INC	795,160	$30.1M	0.4%	$37.85	—	COM	587118100
—	IBERIABANK CORP	559,695	$30M	0.4%	$53.61	—	COM	450828108
AZTA	BROOKS AUTOMATION INC	3,025,201	$29.43M	0.4%	$8.27	0.0%	COM	114340102
—	CAPITOL FED FINL INC	2,404,864	$29.21M	0.4%	$12.14	—	COM	14057j101
MKSI	MKS INSTRUMENT INC	1,100,238	$29.2M	0.4%	$23.45	0.0%	COM	55306N104
—	DONNELLEY R R & SONS CO	2,070,774	$29.01M	0.4%	$14.01	—	COM	257867101
—	ASTORIA FINL CORP	2,609,765	$28.13M	0.4%	$10.78	—	COM	046265104
WTI	W & T OFFSHORE INC	1,936,098	$27.67M	0.4%	$13.64	0.0%	COM	92922P106
SSD	SIMPSON MANUFACTURING CO INC	929,400	$27.34M	0.4%	$25.02	0.0%	COM	829073105
—	SOTHEBYS	718,087	$27.22M	0.4%	$37.91	—	COM	835898107
FFBC	FIRST FINL BANCORP OH	1,803,514	$26.87M	0.4%	$9.47	0.0%	COM	320209109
—	ROYAL DUTCH SHELL PLC	416,706	$26.59M	0.4%	$63.80	—	SPONS ADR A	780259206
—	BROOKLINE BANCORP INC DEL	3,054,887	$26.52M	0.4%	$8.68	—	COM	11373m107
—	JONES GROUP INC	1,921,683	$26.42M	0.4%	$13.75	—	COM	48020t101
MCY	MERCURY GENL CORP NEW	600,618	$26.4M	0.4%	$42.98	0.0%	COM	589400100
—	CAMPUS CREST CMNTYS INC	2,276,516	$26.27M	0.4%	$11.54	—	COM	13466Y105
ELME	WASHINGTON REAL ESTATE INVT	966,591	$26.01M	0.4%	$26.91	—	SH BEN INT	939653101
—	GLOBE SPECIALTY METALS INC	2,390,367	$25.98M	0.4%	$10.87	—	COM	37954N206
—	MERIDIAN BIOSCIENCE INC	1,207,869	$25.97M	0.4%	$21.50	—	COM	589584101
—	AMCOL INTL CORP	809,087	$25.64M	0.3%	$31.69	—	COM	02341W103
CVBF	CVB FINL CORP	2,159,526	$25.4M	0.3%	$7.30	0.0%	COM	126600105
VLY	VALLEY NATL BANCORP	2,613,494	$24.75M	0.3%	$9.34	0.0%	COM	919794107
ETD	ETHAN ALLEN INTERIORS INC	852,531	$24.55M	0.3%	$16.14	0.0%	COM	297602104
MTB	M & T BK CORP	218,305	$24.4M	0.3%	$72.91	0.0%	COM	55261F104
—	STERLING BANCORP	2,088,346	$24.27M	0.3%	$11.62	—	COM	859158107
ACTG	ACACIA RESH CORP	1,043,040	$23.31M	0.3%	$22.79	0.0%	ACACIA TCH COM	003881307
—	SCHNITZER STL INDS	960,036	$22.45M	0.3%	$23.38	—	CL A	806882106
—	GULFMARK OFFSHORE INC	492,646	$22.21M	0.3%	$45.09	—	CL A NEW	402629208
—	GLOBAL SHIP LEASE INC NEW	5,512,214	$21.94M	0.3%	$3.98	—	SHS A	Y27183105
HTGC	HERCULES TECH GROWTH CAP INC	1,549,567	$21.6M	0.3%	$13.02	0.0%	COM	427096508
—	STERLING FINL CORP WASH	891,414	$21.2M	0.3%	$23.78	—	COM NEW	859319303
NBHC	NATIONAL BK HLDGS CORP	1,070,560	$21.09M	0.3%	$14.46	0.0%	CL A	633707104
—	FREDS INC	1,319,771	$20.44M	0.3%	$15.49	—	CL A	356108100
—	FORWARD AIR CORP	530,752	$20.32M	0.3%	$38.28	—	COM	349853101
—	ADTRAN INC	821,908	$20.23M	0.3%	$24.62	—	COM	00738A106
THG	HANOVER INS GROUP INC	410,996	$20.11M	0.3%	$34.64	0.0%	COM	410867105
—	STERIS CORP	465,813	$19.97M	0.3%	$42.88	—	COM	859152100
KRO	KRONOS WORLDWIDE INC	1,214,406	$19.72M	0.3%	$8.24	0.0%	COM	50105F105
SEE	SEALED AIR CORP NEW	816,331	$19.55M	0.3%	$18.75	0.0%	COM	81211K100
ANDE	ANDERSONS INC	365,410	$19.44M	0.3%	$27.72	0.0%	COM	034164103
—	RITCHIE BROS AUCTIONEERS	994,189	$19.11M	0.3%	$19.22	—	COM	767744105
BRC	BRADY CORP	615,387	$18.91M	0.3%	$24.80	0.0%	CL A	104674106
—	QUALITY SYS INC	954,630	$17.86M	0.2%	$18.71	—	COM	747582104
—	DANAOS CORPORATION	3,971,176	$17.31M	0.2%	$4.36	—	SHS	Y1968P105
INN	SUMMIT HOTEL PPTYS	1,806,106	$17.07M	0.2%	$9.45	—	COM	866082100
—	TOWER GROUP INTL LTD	808,300	$16.58M	0.2%	$20.51	—	COM	G8988C105
—	HAYNES INTERNATIONAL INC	333,668	$15.97M	0.2%	$47.87	—	COM NEW	420877201
—	TSAKOS ENERGY NAVIGATION LTD	3,335,407	$15.91M	0.2%	$4.77	—	SHS	G9108L108
—	BEBE STORES INC	2,703,052	$15.16M	0.2%	$5.61	—	COM	075571109
—	NORANDA ALUM HLDG CORP	4,413,455	$14.26M	0.2%	$3.23	—	COM	65542W107
—	ELECTRO SCIENTIFIC INDS	1,303,467	$14.03M	0.2%	$10.76	—	COM	285229100
—	HILL ROM HLDGS INC	392,269	$13.21M	0.2%	$33.68	—	COM	431475102
—	JAKKS PAC INC	1,169,957	$13.16M	0.2%	$11.25	—	COM	47012E106
GIFI	GULF ISLAND FABRICATION INC	684,058	$13.1M	0.2%	$18.99	0.0%	COM	402307102
—	WAUSAU PAPER CORP	1,128,424	$12.86M	0.2%	$11.40	—	COM	943315101
—	MFA FINL INC	1,484,000	$12.54M	0.2%	$8.45	—	COM	55272X102
—	GLOBAL POWER EQUIPMENT GRP I	775,759	$12.51M	0.2%	$16.12	—	COM PAR $0.01	37941P306
LEA	LEAR CORP	194,151	$11.74M	0.2%	$46.85	0.0%	COM NEW	521865204
—	MEADOWBROOK INS GROUP INC	1,453,626	$11.67M	0.2%	$8.03	—	COM	58319P108
AIG	AMERICAN INTL GROUP INC	260,800	$11.66M	0.2%	$32.51	0.0%	COM NEW	026874784
GLDD	GREAT LAKES DREDGE & DOCK CO	1,469,397	$11.49M	0.2%	$7.58	0.0%	COM	390607109
—	IXYS CORP	1,028,450	$11.38M	0.2%	$11.06	—	COM	46600W106
—	REGIS CORP MINN	686,257	$11.27M	0.2%	$16.42	—	COM	758932107
C	CITIGROUP INC	228,092	$10.94M	0.1%	$35.76	0.0%	COM NEW	172967424
—	BROOKFIELD RESIDENTIAL PPTYS	495,148	$10.92M	0.1%	$22.06	—	COM	11283W104
—	NEWCASTLE INVT CORP	2,029,100	$10.61M	0.1%	$5.23	—	COM	65105M108
DAKT	DAKTRONICS INC	1,033,344	$10.6M	0.1%	$7.99	0.0%	COM	234264109
—	GENERAL MTRS CO	646,480	$10.57M	0.1%	$16.35	—	*W EXP 07/10/201	37045V126
DGICA	DONEGAL GROUP INC	754,515	$10.54M	0.1%	$8.77	0.0%	CL A	257701201
—	LANDAUER INC	218,157	$10.54M	0.1%	$48.31	—	COM	51476K103
LYTS	LSI INDS INC	1,290,145	$10.44M	0.1%	$7.54	0.0%	COM	50216C108
—	HOWARD HUGHES CORP	91,926	$10.3M	0.1%	$112.09	—	COM	44267D107
—	JMP GROUP INC	1,522,522	$10.11M	0.1%	$6.64	—	COM	46629U107
—	DYNEX CAP INC	988,162	$10.07M	0.1%	$10.19	—	COM NEW	26817Q506
—	FBR & CO	398,616	$10.03M	0.1%	$25.16	—	COM NEW	30247C400
—	HILLENBRAND INC	412,457	$9.779M	0.1%	$23.71	—	COM	431571108
—	PACIFIC CONTINENTAL CORP	821,557	$9.694M	0.1%	$11.80	—	COM	69412V108
—	CHEROKEE INC DEL NEW	730,455	$9.335M	0.1%	$12.78	—	COM	16444H102
BAC	BANK OF AMERICA CORPORATION	725,350	$9.328M	0.1%	$10.03	0.0%	COM	060505104
FIX	COMFORT SYS USA INC	622,008	$9.28M	0.1%	$12.33	0.0%	COM	199908104
—	DOUGLAS DYNAMICS INC	714,636	$9.276M	0.1%	$12.98	—	COM	25960r105
SFNC	SIMMONS 1ST NATL CORP	351,593	$9.173M	0.1%	$12.60	0.0%	CL A $1 PAR	828730200
—	ELLINGTON FINANCIAL LLC	395,602	$9.024M	0.1%	$22.81	—	COM	288522303
—	UNITED FINANCIAL BANCORP INC	587,002	$8.893M	0.1%	$15.15	—	COM	91030T109
BELFB	BEL FUSE INC	652,326	$8.774M	0.1%	$12.64	0.0%	CL B	077347300
LVS	LAS VEGAS SANDS CORP	165,600	$8.765M	0.1%	$38.99	0.0%	COM	517834107
URI	UNITED RENTALS INC	174,700	$8.719M	0.1%	$51.55	0.0%	COM	911363109
—	SCHAWK INC	649,949	$8.534M	0.1%	$13.13	—	CL A	806373106
LAND	GLADSTONE LD CORP	502,199	$8.502M	0.1%	$16.93	—	COM	376549101
—	MULTI COLOR CORP	279,009	$8.465M	0.1%	$30.34	—	COM	625383104
—	CIT GROUP INC	180,718	$8.427M	0.1%	$46.63	—	COM NEW	125581801
—	CALAMOS ASSET MGMT INC	800,515	$8.405M	0.1%	$10.50	—	CL A	12811R104
—	DYNAMIC MATLS CORP	503,508	$8.313M	0.1%	$16.51	—	COM	267888105
—	CLIFTON SVGS BANCORP INC	701,184	$8.309M	0.1%	$11.85	—	COM	18712Q103
EBF	ENNIS INC	473,592	$8.188M	0.1%	$7.32	0.0%	COM	293389102
—	BROOKFIELD PPTY PARTNERS L P	402,905	$8.179M	0.1%	$20.30	—	UNIT LTD PARTN	G16249107
—	APOLLO RESIDENTIAL MTG INC	493,644	$8.135M	0.1%	$16.48	—	COM	03763V102
—	RAIT FINANCIAL TRUST	1,079,715	$8.119M	0.1%	$7.52	—	COM NEW	749227609
—	TGC INDS INC	982,192	$8.074M	0.1%	$8.22	—	COM NEW	872417308
—	ESSA BANCORP INC	731,837	$8.021M	0.1%	$10.96	—	COM	29667D104
—	ZEP INC	504,078	$7.98M	0.1%	$15.83	—	COM	98944B108
—	DIME CMNTY BANCSHARES	509,701	$7.809M	0.1%	$15.32	—	COM	253922108
DB	DEUTSCHE BANK AG	183,480	$7.697M	0.1%	$30.70	0.0%	NAMEN AKT	D18190898
—	HOUSTON WIRE & CABLE CO	552,855	$7.652M	0.1%	$13.84	—	COM	44244K109
—	FORTRESS INVESTMENT GROUP LL	1,162,854	$7.628M	0.1%	$6.56	—	CL A	34958B106
WNC	WABASH NATL CORP	748,700	$7.622M	0.1%	$8.07	0.0%	COM	929566107
—	MERITOR INC	1,045,000	$7.367M	0.1%	$7.05	—	COM	59001K100
RAIL	FREIGHTCAR AMER INC	426,440	$7.245M	0.1%	$18.91	0.0%	COM	357023100
—	ALLIANCE BANCORP INC PA NEW	492,174	$7.191M	0.1%	$14.61	—	COM	01890a108
DAN	DANA HLDG CORP	366,480	$7.058M	0.1%	$14.00	0.0%	COM	235825205
WYNN	WYNN RESORTS LTD	54,867	$7.021M	0.1%	$106.96	0.0%	COM	983134107
DCH	AMERICAN AXLE & MFG HLDGS IN	375,468	$6.995M	0.1%	$15.63	0.0%	COM	024061103
—	BALDWIN & LYONS INC	287,135	$6.972M	0.1%	$24.28	—	CL B	057755209
—	NORTHERN TIER ENERGY LP	285,800	$6.865M	0.1%	$24.02	—	COM UN REPR PART	665826103
—	TRAVELCENTERS OF AMERICA LLC	625,225	$6.84M	0.1%	$10.94	—	COM	894174101
AP	AMPCO-PITTSBURGH CORP	361,257	$6.781M	0.1%	$15.68	0.0%	COM	032037103
—	NORTHSTAR RLTY FIN CORP	745,042	$6.78M	0.1%	$9.10	—	COM	66704R100
FFIC	FLUSHING FINL CORP	407,831	$6.709M	0.1%	$9.24	0.0%	COM	343873105
TCBK	TRICO BANCSHARES	311,514	$6.645M	0.1%	$18.87	0.0%	COM	896095106
M	MACYS INC	138,100	$6.629M	0.1%	$46.44	0.0%	COM	55616P104
—	STELLARONE CORP	336,868	$6.619M	0.1%	$19.65	—	COM	85856G100
—	INTERNATIONAL GAME TECHNOLOG	381,990	$6.383M	0.1%	$16.71	—	COM	459902102
—	SPARTAN MTRS INC	1,029,280	$6.299M	0.1%	$6.12	—	COM	846819100
—	AMREIT INC NEW	325,567	$6.296M	0.1%	$19.34	—	CL B	03216B208
—	PSYCHEMEDICS CORP	580,372	$6.233M	0.1%	$10.74	—	COM NEW	744375205
ANF	ABERCROMBIE & FITCH CO	134,200	$6.073M	0.1%	$37.66	0.0%	CL A	002896207
—	C D I CORP	421,205	$5.964M	0.1%	$14.16	—	COM	125071100
MBI	MBIA INC	441,200	$5.872M	0.1%	$5.48	0.0%	COM	55262C100
CTS	CTS CORP	429,537	$5.859M	0.1%	$10.47	0.0%	COM	126501105
MTRN	MATERION CORP	214,273	$5.805M	0.1%	$28.11	0.0%	COM	576690101
MPX	MARINE PRODS CORP	717,148	$5.752M	0.1%	$4.34	0.0%	COM	568427108
—	EASTERN INS HLDGS INC	299,366	$5.613M	0.1%	$18.75	—	COM	276534104
—	DELPHI AUTOMOTIVE PLC	110,400	$5.596M	0.1%	$50.69	—	SHS	G27823106
—	PROVIDENT NEW YORK BANCORP	596,480	$5.571M	0.1%	$9.34	—	COM	744028101
—	SYNOVUS FINL CORP	1,900,000	$5.548M	0.1%	$2.92	—	COM	87161C105
—	HOME FED BANCORP INC MD	427,701	$5.449M	0.1%	$12.74	—	COM	43710G105
—	BOLT TECHNOLOGY CORP	316,724	$5.41M	0.1%	$17.08	—	COM	097698104
PFBX	PEOPLES FINL CORP MISS	403,700	$5.389M	0.1%	$11.27	0.0%	COM	71103B102
BSRR	SIERRA BANCORP	361,349	$5.348M	0.1%	$9.00	0.0%	COM	82620P102
WEYS	WEYCO GROUP INC	211,466	$5.329M	0.1%	$23.99	0.0%	COM	962149100
—	CYS INVTS INC	578,000	$5.323M	0.1%	$9.21	—	COM	12673A108
—	STANDARD PAC CORP NEW	638,289	$5.317M	0.1%	$8.33	—	COM	85375C101
—	UNITED STATES OIL FUND LP	1,630,000	$5.201M	0.1%	—	—	Put	91232N108
—	PERFORMANT FINL CORP	431,117	$4.997M	0.1%	$11.59	—	COM	71377E105
—	ARKANSAS BEST CORP DEL	212,400	$4.875M	0.1%	$22.95	—	COM	040790107
—	PZENA INVESTMENT MGMT INC	739,370	$4.821M	0.1%	$6.52	—	CLASS A	74731Q103
—	PINNACLE FOODS INC DEL	195,253	$4.715M	0.1%	$24.15	—	COM	72348P104
—	BED BATH & BEYOND INC	65,043	$4.615M	0.1%	$70.95	—	COM	075896100
—	SPARTAN STORES INC	249,409	$4.599M	0.1%	$18.44	—	COM	846822104
—	MIDDLEBURG FINANCIAL CORP	230,826	$4.409M	0.1%	$19.10	—	COM	596094102
—	ORITANI FINL CORP DEL	277,779	$4.356M	0.1%	$15.68	—	COM	68633D103
ACNT	SYNALLOY CP DEL	274,511	$4.263M	0.1%	$12.88	0.0%	COM	871565107
—	UNITED CMNTY BANCORP IND	413,227	$4.227M	0.1%	$10.23	—	COM	90984R101
—	COMMUNICATIONS SYS INC	437,859	$4.212M	0.1%	$9.62	—	COM	203900105
—	CVR REFNG LP	137,470	$4.132M	0.1%	$30.06	—	COMUNIT REP LT	12663P107
FNLC	FIRST BANCORP INC ME	234,919	$4.106M	0.1%	$9.14	0.0%	COM	31866P102
—	GLOBAL CASH ACCESS HLDGS INC	652,533	$4.085M	0.1%	$6.26	—	COM	378967103
USPH	U S PHYSICAL THERAPY INC	144,750	$4.001M	0.1%	$26.44	0.0%	COM	90337L108
—	AEROPOSTALE	285,090	$3.934M	0.1%	$13.80	—	COM	007865108
—	PANHANDLE OIL AND GAS INC	131,687	$3.753M	0.1%	$28.50	—	CL A	698477106
—	ING U S INC	138,000	$3.734M	0.1%	$27.06	—	COM	45685E106
—	MET PRO CORP	271,082	$3.643M	0.0%	$13.44	—	COM	590876306
—	SEARS HOMETOWN & OUTLET STOR	82,800	$3.62M	0.0%	$43.72	—	COM	812362101
—	SCORPIO TANKERS INC	357,855	$3.214M	0.0%	$8.98	—	SHS	Y7542C106
MTG	MGIC INVT CORP WIS	523,200	$3.176M	0.0%	$5.69	0.0%	COM	552848103
—	AMERICAN SOFTWARE INC	339,242	$2.948M	0.0%	$8.69	—	CL A	029683109
MEI	METHODE ELECTRS INC	173,176	$2.946M	0.0%	$11.53	0.0%	COM	591520200
FANG	DIAMONDBACK ENERGY INC	82,500	$2.749M	0.0%	$23.41	0.0%	COM	25278X109
DSGR	LAWSON PRODS INC	206,966	$2.657M	0.0%	$7.16	0.0%	COM	520776105
HIG	HARTFORD FINL SVCS GROUP INC	82,500	$2.551M	0.0%	$22.20	0.0%	COM	416515104
—	HF FINL CORP	196,067	$2.551M	0.0%	$13.01	—	COM	404172108
—	CAPLEASE INC	300,067	$2.533M	0.0%	$8.44	—	COM	140288101
MLR	MILLER INDS INC TENN	163,357	$2.512M	0.0%	$11.36	0.0%	COM NEW	600551204
—	AMERICAN RESIDENTIAL PPTYS I	126,700	$2.179M	0.0%	$17.20	—	COM	02927E303
—	CITIGROUP INC	2,693,500	$2.117M	0.0%	$0.79	—	*W EXP 01/04/201	172967226
—	FLAGSTAR BANCORP INC	150,000	$2.094M	0.0%	$13.96	—	COM PAR .001	337930705
—	NATIONSTAR MTG HLDGS INC	54,000	$2.022M	0.0%	$37.44	—	COM	63861C109
—	BOX SHIPS INCORPORATED	505,728	$1.922M	0.0%	$3.80	—	SHS	Y09675102
JBLU	JETBLUE AIRWAYS CORP	301,500	$1.896M	0.0%	$6.54	0.0%	COM	477143101
—	PARK ELECTROCHEMICAL CORP	77,213	$1.854M	0.0%	$24.01	—	COM	700416209
WHG	WESTWOOD HLDGS GROUP INC	43,191	$1.854M	0.0%	$43.23	0.0%	COM	961765104
BBT	BERKSHIRE HILLS BANCORP INC	66,179	$1.837M	0.0%	$18.22	0.0%	COM	084680107
ITUB	ITAU UNIBANCO HLDG SA	132,290	$1.709M	0.0%	$12.92	—	SPON ADR REP PFD	465562106
EML	EASTERN CO	105,269	$1.684M	0.0%	$11.89	0.0%	COM	276317104
LNWO	SCIENTIFIC GAMES CORP	143,600	$1.616M	0.0%	$9.54	0.0%	CL A	80874P109
—	ISTAR FINL INC	142,650	$1.611M	0.0%	$11.29	—	COM	45031U101
WAFD	WASHINGTON FED INC	85,191	$1.608M	0.0%	$12.07	0.0%	COM	938824109
ACRE	ARES COML REAL ESTATE CORP	105,000	$1.345M	0.0%	$12.81	—	COM	04013V108
LMNR	LIMONEIRA CO	54,093	$1.121M	0.0%	$16.13	0.0%	COM	532746104
FLL	FULL HOUSE RESORTS INC	399,733	$1.079M	0.0%	$2.86	0.0%	COM	359678109
—	ISHARES INC	75,710	$1.007M	0.0%	$13.30	—	MSCI TAIWAN	464286731
CMRE	COSTAMARE INC	58,013	$1M	0.0%	$9.41	0.0%	SHS	Y1771G102
—	VODAFONE GROUP PLC NEW	34,140	$981K	0.0%	$28.73	—	SPONS ADR NEW	92857W209
—	DIANA CONTAINERSHIPS INC	209,726	$896K	0.0%	$4.27	—	COM	Y2069P101
—	ASSOCIATED ESTATES RLTY CORP	50,000	$804K	0.0%	$16.08	—	COM	045604105
—	RICKS CABARET INTL INC	88,800	$766K	0.0%	$8.63	—	COM NEW	765641303
—	RCS CAP CORP	35,000	$593K	0.0%	$16.94	—	COM CL A	74937W102
ABR	ARBOR RLTY TR INC	83,800	$526K	0.0%	$6.28	—	COM	038923108
—	TECHNE CORP	7,500	$518K	0.0%	$69.07	—	COM	878377100
—	EXCEL TR INC	38,950	$499K	0.0%	$12.81	—	COM	30068C109
—	SIMPLICITY BANCORP	32,800	$476K	0.0%	$14.51	—	COM	828867101
—	BAKER HUGHES INC	8,200	$378K	0.0%	$46.10	—	COM	057224107
—	URS CORP NEW	7,540	$356K	0.0%	$47.21	—	COM	903236107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	13,840	$254K	0.0%	$18.35	—	SPONSORED ADR	874039100
—	ALON USA PARTNERS LP	9,600	$228K	0.0%	$23.75	—	UT LTDPART INT	02052T109
CDVIQ	CAL DIVE INTL INC DEL	115,000	$216K	0.0%	$1.86	0.0%	COM	12802T101
IBN	ICICI BK LTD	5,440	$208K	0.0%	$38.24	—	ADR	45104G104
PBR/A	PETROLEO BRASILEIRO SA PETRO	12,220	$179K	0.0%	$14.65	—	SP ADR NON VTG	71654V101