13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2009 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: Keeley Asset Management Corp. Address: 401 S. LaSalle Street Suite 1201 Chicago, IL 60605 Form 13F File Number: 28-6810 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. Persons Signing this Report on Behalf of Reporting Manager: Name: John L. Keeley, Jr. Title: President Phone: 312-786-5000 Signature, Place, and Date of Signing: /s/ John L. Keeley, Jr. Chicago, IL 11/12/2009 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 340 Form 13F Information Table Value Total: $ 6,649,509.00 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ ABB Ltd. COM 375204 600 29950 SH SOLE 29950 0 0 ABERDEEN ASIA PAC INCM COM COM 3009107 71 11500 SH SOLE 11500 0 0 AECOM Technology COM 00766t100 44511 1640045 SH SOLE 1640045 0 0 AMCOL International Corp COM 02341W103 42263 1846350 SH SOLE 1846350 0 0 Ace Ltd. COM H0023r105 1973 36900 SH SOLE 36900 0 0 Acuity Brands Inc COM 00508y102 65722 2040430 SH SOLE 2000330 0 49100 Advance Auto Parts, Inc. COM 00751y106 1948 49600 SH SOLE 49600 0 0 Agilent Technologies COM 00846u101 200 7200 SH SOLE 7200 0 0 Airgas Inc COM 9363102 3535 73090 SH SOLE 72090 0 1000 Alcoa Inc COM 13817101 394 30000 SH SOLE 30000 0 0 Alleghany Energy COM 17361106 5654 213200 SH SOLE 180200 0 42000 Allete Inc COM 18522300 16170 481670 SH SOLE 475150 0 13920 AllianceBernstein COM 01881g106 546 20000 SH SOLE 20000 0 0 Alpha Natural Resource COM 02076x102 16847 479971 SH SOLE 479971 0 0 Altra Holdings Inc. COM 02208r106 788 70420 SH SOLE 64920 0 5500 Amerco COM 23586100 30717 669810 SH SOLE 650310 0 24600 Ameriprise Financial COM 03076c106 5313 146243 SH SOLE 140243 0 6000 AmerisourceBergen Corp COM 03073e105 79300 3543360 SH SOLE 3504160 0 51200 Ametek COM 31100100 641 18360 SH SOLE 18360 0 0 Ampco Pittsburgh COM 32037103 26590 1000000 SH SOLE 1000000 0 0 Annaly Mtg Mgmt COM 35710409 305 16800 SH SOLE 16800 0 0 Aptargroup COM 38336103 6323 169250 SH SOLE 169250 0 0 Arch Chemicals Inc. COM 03937r102 48328 1611470 SH SOLE 1600290 0 11180 Arthur J. Gallagher & co. COM 363576109 27221 1116980 SH SOLE 1067720 0 49260 Ashland Inc. COM 44209104 90404 2091722 SH SOLE 2085122 0 6600 Azz Incorporated COM 2474104 40572 1010000 SH SOLE 1010000 0 0 BOISE INC COM COM 09746y105 106 20000 SH SOLE 20000 0 0 BOK Financial Corp COM 05561q201 8151 175980 SH SOLE 175980 0 0 BancorpSouth, Inc. COM 59692103 9064 371340 SH SOLE 371340 0 0 Bank of America COM 60505104 4628 273500 SH SOLE 273500 0 0 Bank of Nova Scotia Halifax COM 64149107 604 13255 SH SOLE 13255 0 0 BankFinancial Corp COM 06643p104 16990 1769764.693 SH SOLE 1716364.693 0 73900 Beacon Federal Bancorp, inc COM 73582108 274 30000 SH SOLE 30000 0 0 Beneficial Mut Bancorp, inc COM 08173r104 15737 1725540 SH SOLE 1696710 0 28830 Black Hill Corp. COM 92113109 15605 620000 SH SOLE 620000 0 0 Brinks Co COM 109696104 472 17555.116 SH SOLE 16555.116 0 1000 Broadridge Fincl Sol COM 11133t103 53269 2650210 SH SOLE 2589860 0 67450 Broadview Security, Inc. COM 109699108 63177 2051866 SH SOLE 2010686 0 47380 Brookline Bancorp Inc COM 11373m107 11711 1204850 SH SOLE 1204850 0 0 Brush Engineered Matl COM 117421107 29474 1205000 SH SOLE 1205000 0 0 Bucyrus International COM 118759109 80055 2248098 SH SOLE 2210718 0 51580 C K E Restaurants Inc COM 12561E105 27589 2630000 SH SOLE 2630000 0 0 CFS Bancorp COM 12525d102 70 15000 SH SOLE 15000 0 0 CME Group, Inc. COM 12572q105 3167 10277 SH SOLE 10277 0 0 CVS Caremark Corp COM 126650100 2832 79245 SH SOLE 79245 0 0 Cal-Maine Foods, Inc COM 128030202 2583 96470 SH SOLE 95410 0 1060 Calamos Asset Management COM 12811r104 784 60000 SH SOLE 60000 0 0 Inc. Calpine Corporation COM 131347304 2976 258330 SH SOLE 250330 0 8000 Canadian Pacific COM 13645t100 2166 46330 SH SOLE 46330 0 0 Cardinal Health Inc. COM 14149Y108 3302 123200 SH SOLE 123200 0 0 CareFusion Corp. COM 14170T101 4977 228300 SH SOLE 228300 0 0 Carmike Cinemas Inc New COM 143436400 12403 1226842 SH SOLE 1226842 0 0 Carrizo Oil & Gas Inc. COM 144577103 27919 1140000 SH SOLE 1140000 0 0 Castle A M & Co COM 148411101 2485 250000 SH SOLE 250000 0 0 Centerpoint Energy Inc COM 15189t107 1293 104000 SH SOLE 104000 0 0 Holding Century Aluminum Co COM 156431108 935 100000 SH SOLE 100000 0 0 Chicago Bridge & Iron COM 167250109 56517 3025540.411 SH SOLE 2940550.411 0 99490 Circor Intl Inc COM 17273k109 42096 1489590.248 SH SOLE 1451030.248 0 38560
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Citizens First Bancorp COM 17461r106 14 17269 SH SOLE 17269 0 0 Clearwater Paper Corp. COM 18538r103 22117 535140 SH SOLE 535140 0 0 Cleco Corp. COM 12561w105 24030 958140 SH SOLE 958140 0 15150 Colfax Corporation COM 194014106 34745 3268620 SH SOLE 3202920 0 80700 Commercial Metals Co COM 201723103 11784 658310 SH SOLE 658310 0 0 Compass Minerals Intl. Inc. COM 20451n101 10064 163321 SH SOLE 158311 0 5010 Comstock Resources COM 205768203 73518 1834270 SH SOLE 1797790 0 45480 Conseco Inc COM 208464883 1582 300773.98 SH SOLE 300773.98 0 0 Consol Energy Inc. COM 20854P109 4548 100820 SH SOLE 100100 0 720 Contango Oil and Gas Co. COM 21075n204 35180 689000 SH SOLE 689000 0 0 Continental Resources Inc. COM 212015101 25549 652265 SH SOLE 652265 0 0 Covanta Holding Corp COM 22282e102 47797 2811612 SH SOLE 2729989 0 101973 Covidien Ltd. COM g2554f105 3570 82530 SH SOLE 82530 0 0 DIREXION SHS ETF TRDLY SMCAP COM 25459w847 2797 62000 SH SOLE 62000 0 0 DR Horton Inc COM 23331A109 23902 2094790 SH SOLE 2094790 0 0 Dana Holding Corporation COM 235825205 477 70000 SH SOLE 70000 0 0 Danvers Bancorp Inc. COM 236442109 9106 670080 SH SOLE 670080 0 0 Deltic Timber Corp COM 247850100 41620 909325.992 SH SOLE 888875.992 0 27450 Denny's Corporation COM 24869p104 15189 5710000 SH SOLE 5710000 0 0 Dentsply International, Inc. COM 249030107 1712 49570 SH SOLE 49570 0 0 Dillard Inc. COM 254067101 6090 431920 SH SOLE 423920 0 8000 DineEquity Inc. COM 254423106 31431 1269941 SH SOLE 1240411 0 29530 Discover Financial Svc COM 254709108 1529 94227 SH SOLE 94227 0 0 Dr Pepper Snapple Group COM 26138e109 54197 1885120 SH SOLE 1868120 0 17000 Dresser Rand Group Inc COM 261608103 34650 1115230 SH SOLE 1115230 0 0 Dril Quip Inc. COM 262037104 8806 177400 SH SOLE 174000 0 3400 Duff & Phelps COM 26433b107 2164 112960 SH SOLE 112960 0 0 Eastern Insurance Inc. COM 276534104 1942 203750 SH SOLE 203750 0 23000 Eaton Vance Tax MgedGbl buy COM 27829c105 144 10500 SH SOLE 10500 0 0 W Emeritus Corp COM 291005106 9439 430000 SH SOLE 430000 0 0 Encore Acquisition Co. COM 29255w100 42075 1125000 SH SOLE 1125000 0 0 Enpro Industries Inc COM 29355x107 42908 1876994 SH SOLE 1821984 0 65460 Epoch Hldg Corp COM 29428r103 23239 2655920 SH SOLE 2510420 0 168500 Everest RE Group COM G3223R108 307 3500 SH SOLE 3500 0 0 Exco Resources Inc. COM 269279402 77565 4150106 SH SOLE 4078596 0 71510 Exelon Corp COM 30161n101 347 7000 SH SOLE 7000 0 0 Express Scripts Inc. COM 302182100 277 3570 SH SOLE 3570 0 0 Exterran Holdings, Inc. COM 30225x103 20315 855710 SH SOLE 853030 0 2680 FMC Corp. COM 302491303 5891 104720 SH SOLE 104720 0 0 FMC Technologies COM 30249u101 26475 506802 SH SOLE 472092 0 34710 Federal Signal Corp. COM 313855108 20635 2870000 SH SOLE 2870000 0 0 Fidelity National Info COM 31620m106 2469 96767 SH SOLE 90120 0 6647 Fidelity Natl Finl Inc COM 31620r105 4390 291088 SH SOLE 288088 0 3000 Fifth Third Bancorp COM 316773100 912 90000 SH SOLE 90000 0 0 Financial Select Sector COM 81369Y605 1418 94912.106 SH SOLE 94912.106 0 0 SPDR F First Niagara Financial COM 33582v108 39993 3243585 SH SOLE 3202905 0 40680 FirstMerit Corp. COM 337915102 14188 745578.434 SH SOLE 731913.434 0 13665 Florida Pub Utilities COM 341135101 2151 177000 SH SOLE 177000 0 0 Company Flowers Foods Inc COM 343498101 73082 2779854.967 SH SOLE 2710812.967 0 87567 Flowserve Corp. COM 34354p105 82566 837890 SH SOLE 828700 0 15540 Ford Motor Co. COM 345370860 721 100000 SH SOLE 100000 0 0 Forestar Group, Inc. COM 346233109 40763 2372728 SH SOLE 2293787 0 78941 Foster L B Co. COM 350060109 48006 1569849 SH SOLE 1522489 0 59360 Foster Wheeler AG COM H27178104 68856 2157815 SH SOLE 2116765 0 57050 GAMCO Invs Inc COM 361438104 17046 373000 SH SOLE 373000 0 0 GENCOR INDS INC COM COM 368678108 258 30000 SH SOLE 30000 0 0 GP Strategies Corp. COM 36225v104 5805 775000 SH SOLE 775000 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ GS FINL CORP COM COM 362274102 173 13041 SH SOLE 13041 0 0 Gardner Denver Inc COM 365558105 48727 1397000 SH SOLE 1373000 0 24000 Gaylord Entmt Co. COM 367905106 44276 2202800 SH SOLE 2198800 0 12250 GenCorp Inc. COM 368682100 616 115000 SH SOLE 115000 0 0 General Cable Corp. COM 369300108 33082 845000 SH SOLE 845000 0 0 General Electric Co COM 369604103 801 48765 SH SOLE 48765 0 0 Genesee & Wyoming COM 371559105 69696 2298690 SH SOLE 2254390 0 57300 Glacier Bancorp Inc COM 37637q105 5946 397990 SH SOLE 397990 0 0 Goldman Sachs Group COM 38141G104 461 2500 SH SOLE 2500 0 0 Goodrich Petroleum COM 382410405 42633 1651794 SH SOLE 1619404 0 44190 Granite Construction COM 387328107 36617 1183500 SH SOLE 1183500 0 0 Greenbrier Cos Inc COM 393657101 23008 1964850 SH SOLE 1964850 0 0 Greenhill & Co Inc. COM 395259104 49045 547500 SH SOLE 547500 0 0 Griffon Corporation COM 398433102 292 29000 SH SOLE 29000 0 0 HARRY WINSTON DIAMOND Com COM 41587b100 502 60000 SH SOLE 60000 0 0 HCC Insurance Holdings COM 404132102 63327 2315420 SH SOLE 2295820 0 19600 Halliburton Co COM 406216101 3081 113620 SH SOLE 113620 0 0 Hanesbrands Inc COM 410345102 22396 1046550 SH SOLE 1015400 0 31150 Hanover Ins Group Inc COM 410867105 76765 1857370 SH SOLE 1847710 0 13560 Harsco Corp COM 415864107 6764 191010 SH SOLE 162710 0 28300 Hawaiian Electric COM 419870100 11508 635090 SH SOLE 618090 0 17000 Haynes Intl Inc. COM 420877201 25011 786000 SH SOLE 786000 0 0 Henry Jack & Assoc. Inc. COM 426281101 365 15550 SH SOLE 15550 0 0 Henry Schein Inc. COM 806407102 4393 80010 SH SOLE 79110 0 900 Hill-Rom Holdings Inc COM 431475102 73437 3371770 SH SOLE 3292440 0 79330 HomeFederal Bancorp COM 43710G105 18448 1615452 SH SOLE 1610052 0 33345 Honeywell COM 438516106 1323 35600 SH SOLE 29200 0 6400 Hudson City Bancorp COM 443683107 1330 101140 SH SOLE 101140 0 0 IBM COM 459200101 209 1750 SH SOLE 1750 0 0 IMS Health Inc COM 449934108 62885 4096760 SH SOLE 4028150 0 91910 ISHARES INC MSCI BRAZIL COM 464286400 243 3597.707 SH SOLE 3597.707 0 0 ISHARES TR BARCLYS 1-3 yr cr COM 464288646 277 2650 SH SOLE 2650 0 0 IShares Barclays TIPS Bond COM 464287176 612 5950 SH SOLE 5950 0 0 Fun IShares Inc MSCI Australia COM 464286103 237 10465 SH SOLE 10465 0 0 Ind IShares Inc MSCI Canada COM 464286509 474 18613.767 SH SOLE 18613.767 0 0 Index IShares TR FTSE Xinhua HK COM 464287184 210 5129.35 SH SOLE 5129.35 0 0 Chin ITC Holdings Corp COM 465685105 58738 1292360 SH SOLE 1267760 0 32100 ITT Corp. COM 450911102 6438 123460 SH SOLE 118460 0 5000 Iberiabank Corp. COM 450828108 52979 1162850 SH SOLE 1152240 0 10610 Idex Corp COM 45167r104 811 29000 SH SOLE 29000 0 0 Ingersoll Rand COM G47791101 3115 101560 SH SOLE 95560 0 6000 Integrated Electrical Svcs COM 45811e301 6730 836000 SH SOLE 836000 0 0 Integrys Energy Group Inc. COM 45822P105 4269 118960 SH SOLE 118960 0 8000 Interactive Data Corp COM 45840j107 4561 174030 SH SOLE 157330 0 33900 Intercontinental Exchange COM 45865v100 243 2500 SH SOLE 2500 0 0 Invesco Ltd. COM G491BT108 36655 1610510 SH SOLE 1610510 0 0 Investment Technology COM 46145f105 43933 1573539 SH SOLE 1562821 0 10718 Itau Unibanco Banco COM 465562106 660 32775 SH SOLE 32775 0 0 Multiplo S JP Morgan Chase & Co COM 46625h100 2791 63690 SH SOLE 63690 0 0 Janus Cap Group Inc COM 47102x105 1845 130080 SH SOLE 126980 0 3100 Jarden Corporation COM 471109108 477 17000 SH SOLE 17000 0 0 Jefferies Group Inc. COM 472319102 29064 1067370 SH SOLE 1049770 0 29250 John Bean Tech, Corp COM 477839104 29217 1608005 SH SOLE 1552493 0 82512 Joy Global Inc COM 481165108 76155 1556092.652 SH SOLE 1516715.652 0 46127 KBR Inc. COM 48242w106 5618 241240 SH SOLE 241240 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Kaiser Aluminum Corp New COM 483007704 46899 1289850 SH SOLE 1280380 0 9470 Kaman Corp COM 483548103 24178 1100000 SH SOLE 1100000 0 0 Kansas City Southern COM 485170302 65374 2467891 SH SOLE 2408221 0 72820 Kaydon Corp. COM 486587108 41368 1276000 SH SOLE 1276000 0 0 Key Energy Services, Inc. COM 492914106 16095 1850000 SH SOLE 1850000 0 0 Kinder Morgan Energy COM 494550106 213 3950 SH SOLE 3950 0 0 Knight Capital Group, Inc. COM 499005106 326 15000 SH SOLE 15000 0 0 Koppers Holdings Inc COM 50060p106 44007 1484220 SH SOLE 1484220 0 0 Ladish Co Inc COM 505754200 20350 1345000 SH SOLE 1345000 0 0 Lance Inc. COM 514606102 35632 1380000 SH SOLE 1380000 0 0 Las Vegas Sands Corp COM 517834107 1095 65000 SH SOLE 65000 0 0 Layne Christensen Company COM 521050104 48075 1500000 SH SOLE 1500000 0 0 Lazard Ltd. COM g54050102 2679 64850 SH SOLE 64850 0 0 Legacy Bancorp Inc Cl A COM 52463g105 197 18800 SH SOLE 18800 0 0 Legg Mason, Inc. COM 524901105 37630 1212690 SH SOLE 1205090 0 7600 Leggett & Platt Inc. COM 524660107 2129 109740 SH SOLE 109740 0 0 Lender Processing Services COM 52602e102 7596 199003 SH SOLE 195680 0 3323 Leucadia National COM 527288104 6168 249504 SH SOLE 220704 0 28800 Lufkin Inds. Inc COM 549764108 37271 700840 SH SOLE 700840 0 0 MB Financial Inc COM 55264u108 33354 1590580 SH SOLE 1587670 0 2910 MGM Mirage COM 552953101 4899 406900 SH SOLE 406900 0 0 Mac-Gray Corp COM 554153106 6657 617500 SH SOLE 617500 0 0 Maidenform Brands Inc COM 560305104 40792 2540000 SH SOLE 2540000 0 0 Manitowoc Company Inc COM 563571108 3476 367100 SH SOLE 367100 0 0 Marathon Oil Corp COM 565849106 383 12000 SH SOLE 12000 0 0 Marcus Corp. COM 566330106 27534 2152750 SH SOLE 2152750 0 0 Marketaxess Hldgs Inc COM 57060d108 18574 1544000 SH SOLE 1544000 0 0 Martin Marietta Matererials COM 573284106 6736 73162 SH SOLE 70262 0 2900 In Materials Select Sector COM 81369y100 1392 45000 SH SOLE 45000 0 0 SPDR T McDermott International COM 580037109 60198 2382183 SH SOLE 2327323 0 70360 Meadowbrook Insurance Group COM 58319p108 14094 1904620 SH SOLE 1904620 0 0 In Merck & Co. COM 589331107 221 7000 SH SOLE 7000 0 0 MetLife Inc COM 59156r108 286 7500 SH SOLE 7500 0 0 Metavante Technologies Inc. COM 591407101 9185 266400 SH SOLE 248600 0 32800 Midas Inc. COM 595626102 14241 1515000 SH SOLE 1515000 0 0 Mirant Corporation COM 60467r100 222 13490 SH SOLE 13490 0 0 Morgan Stanley COM 617446448 1065 34500 SH SOLE 34500 0 0 Mueller Water COM 624758108 32315 5896897 SH SOLE 5820835 0 76062 NCR Corp COM 62886e108 1011 73160 SH SOLE 73160 0 0 NYSE Euronext COM 629491101 2679 92720 SH SOLE 92720 0 0 Natural Gas Services Grp COM 63886q109 30923 1755000 SH SOLE 1755000 0 0 Inc. Neenah Paper COM 640079109 16081 1366300 SH SOLE 1366300 0 0 NewAlliance Bancshares inc COM 650203102 44304 4140607 SH SOLE 4081367 0 59240 Newell Rubbermaid COM 651229106 232 14800 SH SOLE 14800 0 0 Newmont Mining Corp Hldg Co COM 651639106 502 11400 SH SOLE 11400 0 0 Northern Trust Corp. COM 665859104 357 6140 SH SOLE 6140 0 0 Orient Express Hotels COM g67743107 26722 2321605 SH SOLE 2288155 0 42450 Oshkosh Corporation COM 688239201 3837 124050 SH SOLE 124050 0 0 Otter Tail Corp. COM 689648103 25277 1056300 SH SOLE 1041300 0 23000 PHH Corp. COM 693320202 33273 1677050 SH SOLE 1677050 0 0 PIMCO MUNICIPAL INC FD COM COM 72200R107 146 10237 SH SOLE 10237 0 0 POWERSHS DB MULTI SECT DB COM 73936b705 1950 106700 SH SOLE 106700 0 0 BASE PROSHARES TR ULTRASHORT QQQ COM 74347r875 345 15000 SH SOLE 15000 0 0 PROSHARES TR ULTRASHT SP500 COM 74347r883 4039 100000 SH SOLE 100000 0 0 Partnerre Ltd COM g6852t105 19783 257120 SH SOLE 257120 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Patterson Companies Inc. COM 703395103 37180 1364410 SH SOLE 1331000 0 42410 Peabody Energy Corp COM 704549104 2829 76000 SH SOLE 76000 0 0 Penson Worldwide Inc COM 709600100 195 20000 SH SOLE 20000 0 0 Perrigo Company COM 714290103 36074 1061320 SH SOLE 1036120 0 29900 Petrohawk Energy COM 716495106 90016 3718140 SH SOLE 3644990 0 101050 Petroleo BrasilieroSa COM 71654V408 542 11818 SH SOLE 11818 0 0 Petrobr Petsmart, Inc. COM 716768106 22065 1014500 SH SOLE 1011000 0 3500 Pharmamerica Corp. COM 71714f104 47571 2561700 SH SOLE 2541700 0 20000 Pioneer Drilling Company COM 723655106 12845 1750000 SH SOLE 1750000 0 0 Pioneer Natural Resources COM 723787107 1635 45057 SH SOLE 40357 0 4700 Piper Jaffray Inc COM 724078100 31972 670000 SH SOLE 670000 0 0 Plains Expl & Prod Co COM 726505100 5862 211920 SH SOLE 198220 0 22400 Portec Rail Products Inc. COM 736212101 1139 120000 SH SOLE 120000 0 0 Portland General Electric COM 736508847 31094 1576750 SH SOLE 1554750 0 22000 Co. Powershares DB Agriculture COM 73936b408 2017 79210 SH SOLE 70210 0 9000 Private Bancorp Inc. COM 742962103 39782 1626420.424 SH SOLE 1614230.424 0 22190 Proshares Ultrashort QQQ COM 74347r875 933 40500 SH SOLE 40500 0 0 Providence & Worcester RR COM 743737108 3754 367400 SH SOLE 342300 0 25100 Provident Financial COM 74386t105 14355 1395000 SH SOLE 1395000 0 0 Pulte Corp COM 745867101 31009 2821520 SH SOLE 2711530 0 154990 Pzena Investment Management COM 74731q103 6266 767000 SH SOLE 767000 0 0 Quanex Corp. COM 747619104 28720 2000000 SH SOLE 2000000 0 0 Quanta Services Inc COM 74762E102 40692 1838770 SH SOLE 1838770 0 0 Questar Corp COM 748356102 2168 57710 SH SOLE 57710 0 0 RBC Bearings Inc. COM 75524b104 32279 1383600 SH SOLE 1375000 0 8600 RSC HOLDINGS INC COM COM 74972l102 509 70000 SH SOLE 70000 0 0 Ralcorp Holdings Inc COM 751028101 67693 1157745 SH SOLE 1136595 0 28150 Range Resources Corp COM 75281a109 55282 1119972 SH SOLE 1098872 0 21100 Red Lion Hotels Corp COM 756764106 4085 710452 SH SOLE 710452 0 0 Regal Beloit Corp. COM 758750103 52303 1144230 SH SOLE 1135030 0 9200 Regions Financial Corp. COM 7591ep100 900 145000 SH SOLE 145000 0 0 Reinsurance Group of COM 759351604 36171 811000 SH SOLE 811000 0 0 America, Robbins & Myers Inc COM 770196103 42616 1815000 SH SOLE 1815000 0 0 Rydex ETF Tr COM 78355w106 269 7200 SH SOLE 7200 0 0 SLM Corp. COM 78442p106 610 70000 SH SOLE 70000 0 0 SPDR KBW Regional Bank ETF COM 78464a698 18447 865260 SH SOLE 825810 0 47450 SPDR SERIES TRUST S&P COM 78464a888 1943 129300 SH SOLE 129300 0 0 HOMEBUIL SPDR Trust Ser 1 Unit COM 78462f103 29898 283150 SH SOLE 283150 0 0 SUPERVALU, Inc. COM 868536103 4360 289500 SH SOLE 289500 0 0 SWS Group Inc. COM 78503n107 19575 1359360 SH SOLE 1359360 0 0 Safeguard Scientifics Inc. COM 786449207 307 28000 SH SOLE 28000 0 0 Saks Holdings Inc COM 79377W108 16859 2471960 SH SOLE 2471960 0 0 Sally Beauty Holdings Inc. COM 79546e104 30898 4345700 SH SOLE 4336000 0 9700 Sector SPDR Tr SBI Int - COM 81369y803 1260 60350 SH SOLE 60350 0 0 Tech Sector Sdpr Tr Shs Ben Int COM 81369y506 809 15000 SH SOLE 15000 0 0 Ene Shaw Group Inc COM 820280105 40175 1251960 SH SOLE 1251960 0 0 Smucker JM Co. COM 832696405 31031 585375 SH SOLE 583375 0 2000 Snap On Inc COM 833034101 5335 153495 SH SOLE 153495 0 0 Solutia Inc. COM 834376501 1406 121420 SH SOLE 116890 0 4530 South Jersey Inds Inc. COM 838518108 22927 649500 SH SOLE 649500 0 0 Southern Co. COM 842587107 206 6500 SH SOLE 6500 0 0 Southern Copper Corp COM 84265v105 1596 52000 SH SOLE 52000 0 0 Southwestern Energy COM 845467109 2201 51570 SH SOLE 51570 0 0 St. Joe Corp. COM 790148100 2602 89370 SH SOLE 78820 0 10550
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Stage Stores Inc COM 85254c305 27611 2130465 SH SOLE 2126265 0 4200 Standard Parking Corp COM 853790103 11578 662000 SH SOLE 662000 0 0 Sterling Bancshares, inc. COM 858907108 769 105170 SH SOLE 105170 0 0 Stifel Financial Corp. COM 860630102 1987 36200 SH SOLE 36200 0 0 Streettracks Ser TrKBW Cap COM 78464a771 485 12500 SH SOLE 12500 0 0 Sun Hydraulics Corporation COM 866942105 20428 970000 SH SOLE 970000 0 0 Suntrust Banks Inc COM 867914103 5486 243280 SH SOLE 237880 0 5400 Superiour Well Services Inc COM 86837x105 9268 957426 SH SOLE 957426 0 0 Teledyne COM 879360105 34381 955300 SH SOLE 955300 0 0 Telefonos de Mexico COM 879403780 306 17573 SH SOLE 17573 0 0 Temple-Inland, Inc. COM 879868107 4341 264350 SH SOLE 264350 0 0 Tennant Co COM 880345103 56736 1952390 SH SOLE 1921000 0 49390 Teradata Corp. COM 88076W103 21707 788770 SH SOLE 788770 0 13200 Terex Corp. COM 880779103 27903 1346000 SH SOLE 1321900 0 31100 Territorial Bancorp, Inc. COM 88145x108 3203 204285 SH SOLE 204285 0 0 Texas Indust COM 882491103 65415 1557880 SH SOLE 1534200 0 30130 Textron COM 883203101 759 40000 SH SOLE 40000 0 0 Thomas & Betts Corp. COM 884315102 9141 303890 SH SOLE 263690 0 47050 Timken Co. COM 887389104 16760 715339.624 SH SOLE 691704.624 0 34085 Titan Intl. Inc. COM 88830m102 18056 2028800 SH SOLE 2028800 0 0 Toll Brothers, Inc. COM 889478103 27542 1409510 SH SOLE 1395620 0 13890 Tootsie Roll Inds COM 890516107 38524 1620000 SH SOLE 1620000 0 0 Travelers Inc. COM 89417e109 379 7700 SH SOLE 7700 0 0 Treehouse Foods Inc COM 89469a104 72074 2020570 SH SOLE 2007210 0 13360 Trinity Indus Inc. COM 896522109 26446 1538430 SH SOLE 1538430 0 0 Tyco Intl Inc. COM h89128104 3048 88397 SH SOLE 88397 0 0 U S Bancorp COM 902973304 380 17400 SH SOLE 17400 0 0 URS Corporation COM 903236107 11349 260000 SH SOLE 260000 0 0 Union Pacific Corp COM 907818108 2415 41396 SH SOLE 41396 0 0 United Rental Inc COM 911363109 876 85000 SH SOLE 85000 0 0 United States Nat Gas fund COM 912318102 1068 91000 SH SOLE 91000 0 0 Unitrin Inc COM 913275103 1200 61550 SH SOLE 57350 0 4200 Universal Stainless COM 913837100 13414 735000 SH SOLE 735000 0 0 Vail Resorts Inc. COM 91879q109 65527 1953697 SH SOLE 1949007 0 14240 Valmont Inds. Inc. COM 920253101 42208 495510 SH SOLE 495510 0 0 Vectren Corp COM 92240G101 35851 1556040 SH SOLE 1526070 0 29970 Viewpoint Finl Group COM 926727108 347 24687 SH SOLE 24687 0 0 Visa Inc. COM 92826c839 311 4500 SH SOLE 4500 0 0 W.R. Berkley Corp. COM 84423102 25009 989270 SH SOLE 989270 0 0 WAYSIDE TECH GROUP INC COM COM 946760105 109 12300 SH SOLE 12300 0 0 Wabco Holdings Inc COM 92927k102 3074 146370 SH SOLE 141870 0 4500 Wabtec Corp. COM 929740108 81758 2178482 SH SOLE 2153062 0 34870 Waddell & Reed Fin CL A COM 930059100 59924 2106290 SH SOLE 2106290 0 0 Walter Energy, Inc. COM 93317Q105 103403 1721666.932 SH SOLE 1702626.932 0 19040 Walter Investment Management COM 93317w102 32702 2041312.906 SH SOLE 2010095.906 0 31217 Watts Water Technologies Cl COM 942749102 46491 1536900 SH SOLE 1530800 0 6100 A Wausau Paper Corp. COM 943315101 16900 1690000 SH SOLE 1690000 0 0 Wells Fargo COM 949746101 1550 55000 SH SOLE 55000 0 0 Wendy's/Arby's Group Inc. COM 950587105 4229 894079.113 SH SOLE 887984.113 0 6095 Westar Energy Inc COM 95709t100 44306 2270926.917 SH SOLE 2193421.917 0 93755 Western Union Co COM 959802109 2391 126350 SH SOLE 126350 0 0 Westfield Financial inc. COM 96008p104 24028 2836830 SH SOLE 2790940 0 78890 Westwood Hldg Group COM 961765104 2290 66000 SH SOLE 66000 0 0 Willbros Group Inc COM 969203108 45859 3011120 SH SOLE 2923515 0 106255 Wintrust Financial Corp COM 97650W108 32839 1174500 SH SOLE 1172500 0 2000 Wisconsin Energy Corp. COM 976657106 2148 47550 SH SOLE 47550 0 0 Wright Express COM 98233q105 73069 2476085 SH SOLE 2400265 0 88270 Wyndham Worldwide COM 98310w108 44422 2721917 SH SOLE 2632237 0 103180 Zale Corp COM 988858106 822 115000 SH SOLE 115000 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- ----------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Zenith Natl Ins Corp COM 989390109 263 8500 SH SOLE 8500 0 0 Zep Inc. COM 98944b108 26843 1651850 SH SOLE 1584350 0 67500