0001172661-11-000459.txt : 20110727
0001172661-11-000459.hdr.sgml : 20110727
20110727163925
ACCESSION NUMBER: 0001172661-11-000459
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110727
DATE AS OF CHANGE: 20110727
EFFECTIVENESS DATE: 20110727
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: DEPRINCE RACE & ZOLLO INC
CENTRAL INDEX KEY: 0001008894
IRS NUMBER: 593299598
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-05268
FILM NUMBER: 11990607
BUSINESS ADDRESS:
STREET 1: 250 PARK AVENUE SOUTH
STREET 2: SUITE 250
CITY: WINTER PARK
STATE: FL
ZIP: 32789
BUSINESS PHONE: 4074209903
MAIL ADDRESS:
STREET 1: 250 PARK AVENUE SOUTH
STREET 2: SUITE 250
CITY: WINTER PARK
STATE: FL
ZIP: 32789
13F-HR
1
drz2q11.txt
FORM 13F COMBINATION REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: DePrince Race & Zollo, Inc
Address: 250 Park Avenue South
Suite 250
Winter Park, FL 32789
13F File Number: 028-05268
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Angela A. Johnston
Title: Chief Financial Officer and Chief Compliance Officer
Phone: 407-420-9903
Signature, Place, and Date of Signing:
/s/ Angela A. Johnston Winter Park, FL/USA July 27, 2011
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
028-01190 Russell Company
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 278
Form 13F Information Table Value Total: $5,389,971 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 57851 1099413 SH SOLE 1099413 0 0
ABM INDS INC COM 000957100 21782 933257 SH SOLE 933257 0 0
ACCURIDE CORP NEW COM NEW 00439T206 733 58024 SH SOLE 58024 0 0
ACETO CORP COM 004446100 10283 1532430 SH SOLE 1532430 0 0
ACXIOM CORP COM 005125109 656 50000 SH SOLE 50000 0 0
ADAMS RES & ENERGY INC COM NEW 006351308 1525 60166 SH SOLE 60166 0 0
ALLETE INC COM NEW 018522300 18130 441760 SH SOLE 441760 0 0
ALLIANCE BANCORP INC PA NEW COM 01890a108 5887 527989 SH SOLE 527989 0 0
ALLSTATE CORP COM 020002101 57527 1884280 SH SOLE 1884280 0 0
AMERICAN ASSETS TR INC COM 024013104 15184 676359 SH SOLE 676359 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 719 63201 SH SOLE 63201 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 60466 4742447 SH SOLE 4742447 0 0
AMERICAN ELEC PWR INC COM 025537101 40597 1077409 SH SOLE 1077409 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 4492 244277 SH SOLE 244277 0 0
AMERICAN SOFTWARE INC CL A 029683109 2667 320986 SH SOLE 320986 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 7924 1055190 SH SOLE 1055190 0 0
APOGEE ENTERPRISES INC COM 037598109 20167 1574317 SH SOLE 1574317 0 0
APPLE INC COM 037833100 7049 21000 SH SOLE 21000 0 0
APPLIED MATLS INC COM 038222105 47923 3683547 SH SOLE 3683547 0 0
ARCH CHEMICALS INC COM 03937R102 14949 434053 SH SOLE 434053 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 30931 1025918 SH SOLE 1025918 0 0
ASTORIA FINL CORP COM 046265104 12394 969039 SH SOLE 969039 0 0
AT&T INC COM 00206R102 63689 2027669 SH SOLE 2027669 0 0
AVON PRODS INC COM 054303102 72341 2583590 SH SOLE 2583590 0 0
AZZ INC COM 002474104 5715 124771 SH SOLE 124771 0 0
BALDWIN & LYONS INC CL B 057755209 5120 220979 SH SOLE 220979 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 2879 245900 SH SOLE 245900 0 0
BANK OF AMERICA CORPORATION COM 060505104 9919 905000 SH SOLE 905000 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 57579 2247422 SH SOLE 2247422 0 0
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 704 10050 SH SOLE 10050 0 0
BAXTER INTL INC COM 071813109 59813 1002055 SH SOLE 1002055 0 0
BB&T CORP COM 054937107 74611 2779836 SH SOLE 2779836 0 0
BEBE STORES INC COM 075571109 13705 2243098 SH SOLE 2243098 0 0
BEMIS INC COM 081437105 41317 1223133 SH SOLE 1223133 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 9500 424316 SH SOLE 424316 0 0
BEST BUY INC COM 086516101 6430 204700 SH SOLE 204700 0 0
BLACK HILLS CORP COM 092113109 13754 457089 SH SOLE 457089 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 4014 242392 SH SOLE 242392 0 0
BOX SHIPS INCORPORATED SHS Y09675102 3415 345650 SH SOLE 345650 0 0
BRADY CORP CL A 104674106 14580 454775 SH SOLE 454775 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 13278 1145610 SH SOLE 1145610 0 0
BRIGGS & STRATTON CORP COM 109043109 16527 832182 SH SOLE 832182 0 0
BRISTOW GROUP INC COM 110394103 4311 84505 SH SOLE 84505 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 266 3027 SH SOLE 3027 0 0
BROOKLINE BANCORP INC DEL COM 11373m107 12057 1300629 SH SOLE 1300629 0 0
BROWN SHOE INC NEW COM 115736100 3413 320500 SH SOLE 320500 0 0
BRYN MAWR BK CORP COM 117665109 7443 367537 SH SOLE 367537 0 0
C D I CORP COM 125071100 7914 595518 SH SOLE 595518 0 0
CALAVO GROWERS INC COM 128246105 9243 438887 SH SOLE 438887 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 13592 726482 SH SOLE 726482 0 0
CAPITOL FED FINL INC COM 14057j101 16587 1410436 SH SOLE 1410436 0 0
CHEROKEE INC DEL NEW COM 16444H102 12332 718655 SH SOLE 718655 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 24069 1410855 SH SOLE 1410855 0 0
CHEVRON CORP NEW COM 166764100 68277 663912 SH SOLE 663912 0 0
CHINA XINIYA FASHION LTD SPONSORED ADR 16950W105 2217 759400 SH SOLE 759400 0 0
CHRISTOPHER & BANKS CORP COM 171046105 7355 1279138 SH SOLE 1279138 0 0
CITIGROUP INC *W EXP 01/04/201 172967226 898 1300000 SH SOLE 1300000 0 0
CITIGROUP INC UNIT 99/99/9999 172967416 3592 29900 SH SOLE 29900 0 0
CITIGROUP INC COM NEW 172967424 10931 262500 SH SOLE 262500 0 0
CLOROX CO DEL COM 189054109 46946 696120 SH SOLE 696120 0 0
COHU INC COM 192576106 21431 1634678 SH SOLE 1634678 0 0
COLONY FINL INC COM 19624R106 6543 362101 SH SOLE 362101 0 0
COMERICA INC COM 200340107 3457 100000 SH SOLE 100000 0 0
COMFORT SYS USA INC COM 199908104 7985 752551 SH SOLE 752551 0 0
COMMERCIAL METALS CO COM 201723103 15956 1111890 SH SOLE 1111890 0 0
CONAGRA FOODS INC COM 205887102 55842 2163568 SH SOLE 2163568 0 0
CONOCOPHILLIPS COM 20825C104 36911 490906 SH SOLE 490906 0 0
COURIER CORP COM 222660102 3466 313695 SH SOLE 313695 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 180 11100 SH SOLE 11100 0 0
CRH PLC ADR 12626K203 1233 54756 SH SOLE 54756 0 0
CSS INDS INC COM 125906107 5315 253952 SH SOLE 253952 0 0
CTS CORP COM 126501105 8987 929330 SH SOLE 929330 0 0
CURTISS WRIGHT CORP COM 231561101 10465 323307 SH SOLE 323307 0 0
CYPRESS SHARPRIDGE INVTS INC COM 23281A307 178 13860 SH SOLE 13860 0 0
DAKTRONICS INC COM 234264109 4254 394254 SH SOLE 394254 0 0
DANAOS CORPORATION SHS Y1968P105 12076 2195711 SH SOLE 2195711 0 0
DELEK US HLDGS INC COM 246647101 7177 457163 SH SOLE 457163 0 0
DESTINATION MATERNITY CORP COM 25065D100 6810 340837 SH SOLE 340837 0 0
DIEBOLD INC COM 253651103 26293 847901 SH SOLE 847901 0 0
DIME CMNTY BANCSHARES COM 253922108 8933 614408 SH SOLE 614408 0 0
DISNEY WALT CO COM DISNEY 254687106 3123 80000 SH SOLE 80000 0 0
DONNELLEY R R & SONS CO COM 257867101 36274 1849779 SH SOLE 1849779 0 0
DUCOMMUN INC DEL COM 264147109 5747 279392 SH SOLE 279392 0 0
DUFF & PHELPS CORP NEW CL A 26433B107 13580 1058463 SH SOLE 1058463 0 0
DYNEX CAP INC COM NEW 26817Q506 9529 984370 SH SOLE 984370 0 0
EASTERN INS HLDGS INC COM 276534104 6547 495245 SH SOLE 495245 0 0
ELECTRO RENT CORP COM 285218103 5551 324212 SH SOLE 324212 0 0
ELLINGTON FINANCIAL LLC COM 288522303 2768 131500 SH SOLE 131500 0 0
ENCANA CORP COM 292505104 31663 1028348 SH SOLE 1028348 0 0
EXCEL TR INC COM 30068C109 11621 1053590 SH SOLE 1053590 0 0
EXELON CORP COM 30161N101 29920 698419 SH SOLE 698419 0 0
EXXON MOBIL CORP COM 30231g102 66402 815954 SH SOLE 815954 0 0
FARMER BROS CO COM 307675108 5700 562100 SH SOLE 562100 0 0
FEDERATED INVS INC PA CL B 314211103 34443 1444746 SH SOLE 1444746 0 0
FIFTH THIRD BANCORP COM 316773100 2550 200000 SH SOLE 200000 0 0
FLAGSTONE REINSURANCE HOLDIN COM L3466T104 21530 2554013 SH SOLE 2554013 0 0
FORD MTR CO DEL *W EXP 01/01/201 345370134 11166 2130850 SH SOLE 2130850 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1241 90000 SH SOLE 90000 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 3070 636900 SH SOLE 636900 0 0
FREDS INC CL A 356108100 14219 985404 SH SOLE 985404 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 37112 4598800 SH SOLE 4598800 0 0
FULL HOUSE RESORTS INC COM 359678109 1428 453397 SH SOLE 453397 0 0
FULLER H B CO COM 359694106 20677 846718 SH SOLE 846718 0 0
G & K SVCS INC CL A 361268105 5286 156104 SH SOLE 156104 0 0
GAFISA S A SPONS ADR 362607301 3548 375000 SH SOLE 375000 0 0
GAP INC DEL COM 364760108 66399 3668433 SH SOLE 3668433 0 0
GENERAL DYNAMICS CORP COM 369550108 37745 506506 SH SOLE 506506 0 0
GENERAL ELECTRIC CO COM 369604103 42731 2265721 SH SOLE 2265721 0 0
GENERAL MLS INC COM 370334104 78868 2118955 SH SOLE 2118955 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 8523 535000 SH SOLE 535000 0 0
GLACIER BANCORP INC NEW COM 37637Q105 5003 371145 SH SOLE 371145 0 0
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 19118 3586807 SH SOLE 3586807 0 0
GRANITE CONSTR INC COM 387328107 4775 194654 SH SOLE 194654 0 0
GREAT PLAINS ENERGY INC COM 391164100 32721 1578455 SH SOLE 1578455 0 0
GREENHILL & CO INC COM 395259104 19759 367138 SH SOLE 367138 0 0
HARRIS CORP DEL COM 413875105 30434 675419 SH SOLE 675419 0 0
HARSCO CORP COM 415864107 54917 1684574 SH SOLE 1684574 0 0
HEALTHCARE RLTY TR COM 421946104 16122 781464 SH SOLE 781464 0 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 11135 491849 SH SOLE 491849 0 0
HERCULES TECH GROWTH CAP INC COM 427096508 18873 1794022 SH SOLE 1794022 0 0
HF FINL CORP COM 404172108 1615 147639 SH SOLE 147639 0 0
HILLENBRAND INC COM 431571108 18086 764733 SH SOLE 764733 0 0
HOOKER FURNITURE CORP COM 439038100 5596 631621 SH SOLE 631621 0 0
HOUSTON WIRE & CABLE CO COM 44244K109 7164 460702 SH SOLE 460702 0 0
HUDSON CITY BANCORP COM 443683107 20981 2561808 SH SOLE 2561808 0 0
HUDSON PAC PPTYS INC COM 444097109 7421 477875 SH SOLE 477875 0 0
HUNTSMAN CORP COM 447011107 49778 2640766 SH SOLE 2640766 0 0
IBERIABANK CORP COM 450828108 16237 281701 SH SOLE 281701 0 0
INSTEEL INDUSTRIES INC COM 45774W108 3959 315711 SH SOLE 315711 0 0
INTEL CORP COM 458140100 49990 2255853 SH SOLE 2255853 0 0
INTERSIL CORP CL A 46069S109 20122 1565909 SH SOLE 1565909 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 5092 241000 SH SOLE 241000 0 0
JMP GROUP INC COM 46629U107 6821 970253 SH SOLE 970253 0 0
JOHNSON & JOHNSON COM 478160104 61180 919722 SH SOLE 919722 0 0
JONES GROUP INC COM 48020t101 24747 2280854 SH SOLE 2280854 0 0
JPMORGAN CHASE & CO COM 46625h100 10030 245000 SH SOLE 245000 0 0
JPMORGAN CHASE & CO COM 46625H100 4094 100000 SH CALL SOLE 100000 0 0
KAISER FED FINL GROUP INC COM 483056107 7663 621979 SH SOLE 621979 0 0
KAYDON CORP COM 486587108 24056 644599 SH SOLE 644599 0 0
KEYCORP NEW COM 493267108 42558 5108970 SH SOLE 5108970 0 0
KID BRANDS INC COM 49375T100 6048 1172036 SH SOLE 1172036 0 0
KIMBALL INTL INC CL B 494274103 7420 1153966 SH SOLE 1153966 0 0
KIMBERLY CLARK CORP COM 494368103 49518 743967 SH SOLE 743967 0 0
KKR & CO L P DEL COM UNITS 48248m102 4452 272801 SH SOLE 272801 0 0
KNIGHT TRANSN INC COM 499064103 27770 1634500 SH SOLE 1634500 0 0
KOHLS CORP COM 500255104 57351 1146800 SH SOLE 1146800 0 0
KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 55993 2180400 SH SOLE 2180400 0 0
LAS VEGAS SANDS CORP COM 517834107 2111 50000 SH SOLE 50000 0 0
LAWSON PRODS INC COM 520776105 867 44093 SH SOLE 44093 0 0
LEAPFROG ENTERPRISES INC CL A 52186N106 1161 275000 SH SOLE 275000 0 0
LEAR CORP COM NEW 521865204 6027 112691 SH SOLE 112691 0 0
LENTUO INTL INC SPONSORED ADS 526353107 3356 692012 SH SOLE 692012 0 0
LINEAR TECHNOLOGY CORP COM 535678106 47361 1434300 SH SOLE 1434300 0 0
LOCKHEED MARTIN CORP COM 539830109 48474 598671 SH SOLE 598671 0 0
LOWES COS INC COM 548661107 52811 2265600 SH SOLE 2265600 0 0
LSI INDS INC COM 50216C108 1633 205632 SH SOLE 205632 0 0
M D C HLDGS INC COM 552676108 16094 653178 SH SOLE 653178 0 0
MARATHON OIL CORP COM 565849106 63271 1201053 SH SOLE 1201053 0 0
MARCUS CORP COM 566330106 7803 789741 SH SOLE 789741 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 3546 92000 SH SOLE 92000 0 0
MCG CAPITAL CORP COM 58047P107 98 16100 SH SOLE 16100 0 0
MCGRATH RENTCORP COM 580589109 14040 499992 SH SOLE 499992 0 0
MDU RES GROUP INC COM 552690109 38313 1702818 SH SOLE 1702818 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 10034 872560 SH SOLE 872560 0 0
MEDTRONIC INC COM 585055106 42732 1109045 SH SOLE 1109045 0 0
MERCURY GENL CORP NEW COM 589400100 33550 849594 SH SOLE 849594 0 0
MEREDITH CORP COM 589433101 19160 615476 SH SOLE 615476 0 0
MET PRO CORP COM 590876306 11525 1012765 SH SOLE 1012765 0 0
METHODE ELECTRS INC COM 591520200 19531 1682242 SH SOLE 1682242 0 0
MICREL INC COM 594793101 18107 1711466 SH SOLE 1711466 0 0
MICROSOFT CORP COM 594918104 78812 3031241 SH SOLE 3031241 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 7367 493076 SH SOLE 493076 0 0
MIDDLESEX WATER CO COM 596680108 7637 411016 SH SOLE 411016 0 0
MORGAN STANLEY COM NEW 617446448 56676 2463083 SH SOLE 2463083 0 0
MORGAN STANLEY SHRT EUR ETN20 617480280 3359 90000 SH SOLE 90000 0 0
MULTI COLOR CORP COM 625383104 2544 103031 SH SOLE 103031 0 0
MVC CAPITAL INC COM 553829102 872 65922 SH SOLE 65922 0 0
MYERS INDS INC COM 628464109 6973 678332 SH SOLE 678332 0 0
NAM TAI ELECTRS INC COM PAR $0.02 629865205 6741 1221209 SH SOLE 1221209 0 0
NATIONAL INTERSTATE CORP COM 63654U100 7573 330685 SH SOLE 330685 0 0
NATIONAL RESEARCH CORP COM 637372103 5706 156189 SH SOLE 156189 0 0
NEWCASTLE INVT CORP COM 65105M108 6182 1069521 SH SOLE 1069521 0 0
NEXTERA ENERGY INC COM 65339F101 54515 948741 SH SOLE 948741 0 0
NOKIA CORP SPONSORED ADR 654902204 97 15041 SH SOLE 15041 0 0
NORTHERN TR CORP COM 665859104 61892 1346654 SH SOLE 1346654 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 1332 330523 SH SOLE 330523 0 0
NORTHWEST NAT GAS CO COM 667655104 14088 312160 SH SOLE 312160 0 0
NTELOS HLDGS CORP COM 67020q107 7693 376738 SH SOLE 376738 0 0
NUCOR CORP COM 670346105 56998 1382764 SH SOLE 1382764 0 0
OIL DRI CORP AMER COM 677864100 1813 84628 SH SOLE 84628 0 0
ORITANI FINL CORP DEL COM 68633D103 6991 546560 SH SOLE 546560 0 0
OTTER TAIL CORP COM 689648103 10927 517876 SH SOLE 517876 0 0
OWENS & MINOR INC NEW COM 690732102 13632 395242 SH SOLE 395242 0 0
PENN VA CORP COM 707882106 22552 1707224 SH SOLE 1707224 0 0
PEOPLES FINL CORP MISS COM 71103B102 5003 363886 SH SOLE 363886 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 29938 2227524 SH SOLE 2227524 0 0
PEPCO HOLDINGS INC COM 713291102 31379 1598531 SH SOLE 1598531 0 0
PEPSICO INC COM 713448108 55349 785875 SH SOLE 785875 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 2248 73269 SH SOLE 73269 0 0
PHILIP MORRIS INTL INC COM 718172109 791 11841 SH SOLE 11841 0 0
PITNEY BOWES INC COM 724479100 50225 2184661 SH SOLE 2184661 0 0
PNC FINL SVCS GROUP INC COM 693475105 44447 745632 SH SOLE 745632 0 0
PORTER BANCORP INC COM 736233107 1981 397852 SH SOLE 397852 0 0
PORTLAND GEN ELEC CO COM NEW 736508847 1811 71632 SH SOLE 71632 0 0
PPL CORP COM 69351T106 21854 785261 SH SOLE 785261 0 0
PRESIDENTIAL LIFE CORP COM 740884101 6811 652370 SH SOLE 652370 0 0
PROCTER & GAMBLE CO COM 742718109 63599 1000461 SH SOLE 1000461 0 0
PSYCHEMEDICS CORP COM NEW 744375205 4088 429859 SH SOLE 429859 0 0
PULSE ELECTRONICS CORP COM 74586w106 13993 3165922 SH SOLE 3165922 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 6030 1061630 SH SOLE 1061630 0 0
RADIOSHACK CORP COM 750438103 19803 1487847 SH SOLE 1487847 0 0
REGIS CORP MINN COM 758932107 1917 125120 SH SOLE 125120 0 0
REPUBLIC SVCS INC COM 760759100 53535 1735337 SH SOLE 1735337 0 0
RESOURCES CONNECTION INC COM 76122q105 22918 1903500 SH SOLE 1903500 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 46845 658581 SH SOLE 658581 0 0
S Y BANCORP INC COM 785060104 5742 246973 SH SOLE 246973 0 0
SAFEWAY INC COM NEW 786514208 48583 2078878 SH SOLE 2078878 0 0
SANDERSON FARMS INC COM 800013104 20465 428323 SH SOLE 428323 0 0
SANOFI SPONSORED ADR 80105n105 276 6860 SH SOLE 6860 0 0
SCHULMAN A INC COM 808194104 21168 840344 SH SOLE 840344 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 11254 200436 SH SOLE 200436 0 0
SCORPIO TANKERS INC SHS Y7542C106 3452 345518 SH SOLE 345518 0 0
SEACUBE CONTAINER LEASING LT SHS G79978105 17966 1045738 SH SOLE 1045738 0 0
SEALED AIR CORP NEW COM 81211K100 61899 2601873 SH SOLE 2601873 0 0
SEASPAN CORP SHS Y75638109 11429 782253 SH SOLE 782253 0 0
SELECTIVE INS GROUP INC COM 816300107 12239 752220 SH SOLE 752220 0 0
SHENANDOAH TELECOMMUNICATION COM 82312B106 9569 562202 SH SOLE 562202 0 0
SKYLINE CORP COM 830830105 4623 264151 SH SOLE 264151 0 0
SKYWEST INC COM 830879102 11037 732848 SH SOLE 732848 0 0
SNYDERS-LANCE INC COM 833551104 1994 92170 SH SOLE 92170 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 7237 494001 SH SOLE 494001 0 0
SPARTAN MTRS INC COM 846819100 5358 992307 SH SOLE 992307 0 0
SPARTAN STORES INC COM 846822104 6638 339884 SH SOLE 339884 0 0
STATE BANCORP INC N.Y COM 855716106 1671 125277 SH SOLE 125277 0 0
STATOIL ASA SPONSORED ADR 85771P102 56829 2232978 SH SOLE 2232978 0 0
STEEL DYNAMICS INC COM 858119100 39232 2414256 SH SOLE 2414256 0 0
STERIS CORP COM 859152100 17146 490167 SH SOLE 490167 0 0
STERLING BANCORP COM 859158107 18431 1942127 SH SOLE 1942127 0 0
STEWART ENTERPRISES INC CL A 860370105 6961 953545 SH SOLE 953545 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 7848 691454 SH SOLE 691454 0 0
SUNTRUST BKS INC COM 867914103 57109 2213533 SH SOLE 2213533 0 0
SUREWEST COMMUNICATIONS COM 868733106 6921 413948 SH SOLE 413948 0 0
SYMETRA FINL CORP COM 87151q106 14127 1051891 SH SOLE 1051891 0 0
SYNALLOY CP DEL COM 871565107 4665 343792 SH SOLE 343792 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 213 16900 SH SOLE 16900 0 0
TARGET CORP COM 87612e106 58028 1237009 SH SOLE 1237009 0 0
TELEFLEX INC COM 879369106 30798 504390 SH SOLE 504390 0 0
TERRITORIAL BANCORP INC COM 88145X108 3761 181520 SH SOLE 181520 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 35618 738650 SH SOLE 738650 0 0
TIDEWATER INC COM 886423102 38689 719000 SH SOLE 719000 0 0
TOTAL S A SPONSORED ADR 89151E109 38390 663728 SH SOLE 663728 0 0
TRANSOCEAN LTD REG SHS h8817h100 33553 519720 SH SOLE 519720 0 0
TRUSTMARK CORP COM 898402102 10094 431170 SH SOLE 431170 0 0
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 23582 2358194 SH SOLE 2358194 0 0
TURKISH INVT FD INC COM 900145103 423 26500 SH SOLE 26500 0 0
U S AIRWAYS GROUP INC COM 90341W108 3119 350000 SH SOLE 350000 0 0
UIL HLDG CORP COM 902748102 11054 341715 SH SOLE 341715 0 0
UMB FINL CORP COM 902788108 14501 346247 SH SOLE 346247 0 0
UNITED CONTL HLDGS INC COM 910047109 3969 175400 SH SOLE 175400 0 0
UNITIL CORP COM 913259107 8193 311537 SH SOLE 311537 0 0
UNIVERSAL FST PRODS INC COM 913543104 9157 382181 SH SOLE 382181 0 0
US BANCORP DEL COM NEW 902973304 57096 2238200 SH SOLE 2238200 0 0
US ECOLOGY INC COM 91732j102 10272 600714 SH SOLE 600714 0 0
VALLEY NATL BANCORP COM 919794107 34267 2517767 SH SOLE 2517767 0 0
VEOLIA ENVIRONNEMENT SPONSORED ADR 92334N103 28150 993292 SH SOLE 993292 0 0
VIEWPOINT FINL GROUP INC MD COM 92672A101 5579 404265 SH SOLE 404265 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 912 34130 SH SOLE 34130 0 0
VULCAN MATLS CO COM 929160109 60203 1562498 SH SOLE 1562498 0 0
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