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
AAR CORP COM 000361105 23,390 1,002,162 SH   SOLE   779,054 0 223,108
ABBVIE INC COM 00287Y109 48,562 784,395 SH   SOLE   405,049 0 379,346
ACACIA RESH CORP ACACIA TCH COM 003881307 232 52,689 SH   SOLE   52,689 0 0
ADAMS RES & ENERGY INC COM NEW 006351308 4,164 108,156 SH   SOLE   108,156 0 0
ADTRAN INC COM 00738A106 25,200 1,351,225 SH   SOLE   936,743 0 414,482
ALON USA ENERGY INC COM 020520102 4,031 622,086 SH   SOLE   622,086 0 0
ANDERSONS INC COM 034164103 42,071 1,183,777 SH   SOLE   856,469 0 327,308
ANNALY CAP MGMT INC COM 035710409 1,107 100,000 SH Put SOLE   1,000 0 99,000
ANWORTH MORTGAGE ASSET CP COM 037347101 259 55,000 SH   SOLE   55,000 0 0
APPLE INC COM 037833100 63,464 663,849 SH   SOLE   339,109 0 324,740
APPLIED MATLS INC COM 038222105 21,345 890,472 SH   SOLE   452,962 0 437,510
ARMADA HOFFLER PPTYS INC COM 04208T108 6,599 480,251 SH   SOLE   480,251 0 0
ARTESIAN RESOURCES CORP CL A 043113208 2,069 60,998 SH   SOLE   60,998 0 0
AT&T INC COM 00206R102 39,164 906,375 SH   SOLE   459,205 0 447,170
BAKER HUGHES INC COM 057224107 393 8,717 SH   SOLE   8,717 0 0
BANC OF CALIFORNIA INC COM 05990K106 4,507 248,986 SH   SOLE   248,986 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 1,072 55,363 SH   SOLE   55,363 0 0
BANK AMER CORP COM 060505104 7,512 566,100 SH   SOLE   321,810 0 244,290
BANKFINANCIAL CORP COM 06643P104 7,571 631,468 SH   SOLE   631,468 0 0
BARRETT BILL CORP COM 06846N104 356 55,776 SH   SOLE   55,776 0 0
BB&T CORP COM 054937107 60,662 1,703,507 SH   SOLE   858,939 0 844,568
BIG 5 SPORTING GOODS CORP COM 08915P101 3,791 408,926 SH   SOLE   408,926 0 0
BIO TECHNE CORP COM 09073M104 720 6,389 SH   SOLE   6,389 0 0
BLOOMIN BRANDS INC COM 094235108 23,970 1,341,349 SH   SOLE   920,786 0 420,563
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 26,259 1,563,054 SH   SOLE   1,053,313 0 509,741
BROOKLINE BANCORP INC DEL COM 11373M107 18,404 1,668,511 SH   SOLE   1,234,064 0 434,447
BROOKS AUTOMATION INC COM 114340102 8,793 783,660 SH   SOLE   687,427 0 96,233
BRYN MAWR BK CORP COM 117665109 6,246 213,919 SH   SOLE   213,919 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 25,854 610,617 SH   SOLE   438,721 0 171,896
CAE INC COM 124765108 463 38,500 SH   SOLE   38,500 0 0
CALLON PETE CO DEL COM 13123X102 445 39,664 SH   SOLE   39,664 0 0
CARDINAL HEALTH INC COM 14149Y108 6,516 83,527 SH   SOLE   43,677 0 39,850
CATCHMARK TIMBER TR INC CL A 14912Y202 12,284 1,005,273 SH   SOLE   1,005,273 0 0
CENTERPOINT ENERGY INC COM 15189T107 28,985 1,207,725 SH   SOLE   640,463 0 567,262
CHARTER FINL CORP MD COM 16122W108 2,632 198,174 SH   SOLE   198,174 0 0
CHEVRON CORP NEW COM 166764100 70,320 670,800 SH   SOLE   337,820 0 332,980
CHICOS FAS INC COM 168615102 30,101 2,810,591 SH   SOLE   1,934,942 0 875,649
CITIGROUP INC COM NEW 172967424 636 15,000 SH   SOLE   15,000 0 0
CLARCOR INC COM 179895107 19,407 319,038 SH   SOLE   216,435 0 102,603
CLUBCORP HLDGS INC COM 18948M108 27,615 2,124,220 SH   SOLE   1,528,865 0 595,355
CNOOC LTD SPONSORED ADR 126132109 1,641 13,160 SH   SOLE   13,160 0 0
COCA COLA CO COM 191216100 28,015 618,019 SH   SOLE   324,019 0 294,000
CODORUS VY BANCORP INC COM 192025104 2,261 110,984 SH   SOLE   110,984 0 0
COHEN & STEERS INC COM 19247A100 28,503 704,811 SH   SOLE   481,039 0 223,772
COHU INC COM 192576106 21,413 1,973,594 SH   SOLE   1,527,566 0 446,028
COLUMBIA BKG SYS INC COM 197236102 21,133 753,142 SH   SOLE   512,358 0 240,784
COMMUNICATIONS SYS INC COM 203900105 3,181 456,415 SH   SOLE   456,415 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 1,214 83,430 SH   SOLE   83,430 0 0
COMPASS MINERALS INTL INC COM 20451N101 30,492 411,001 SH   SOLE   281,887 0 129,114
CONOCOPHILLIPS COM 20825C104 36,571 838,788 SH   SOLE   439,458 0 399,330
CONTINENTAL RESOURCES INC COM 212015101 498 11,000 SH   SOLE   11,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 36,165 1,223,030 SH   SOLE   836,443 0 386,587
COUSINS PPTYS INC COM 222795106 30,117 2,895,848 SH   SOLE   1,951,392 0 944,456
CRANE CO COM 224399105 2,197 38,732 SH   SOLE   30,411 0 8,321
CREDICORP LTD COM G2519Y108 1,049 6,800 SH   SOLE   6,800 0 0
CULLEN FROST BANKERS INC COM 229899109 32,798 514,645 SH   SOLE   279,010 0 235,635
CYPRESS SEMICONDUCTOR CORP COM 232806109 55,931 5,301,550 SH   SOLE   3,098,495 0 2,203,055
DELEK US HLDGS INC COM 246647101 36,729 2,780,369 SH   SOLE   2,027,963 0 752,406
DIEBOLD INC COM 253651103 76,203 3,069,006 SH   SOLE   1,988,310 0 1,080,696
DONEGAL GROUP INC CL A 257701201 4,418 267,926 SH   SOLE   267,926 0 0
DUNKIN BRANDS GROUP INC COM 265504100 35,999 825,297 SH   SOLE   443,857 0 381,440
DYNAMIC MATLS CORP COM 267888105 8,609 800,865 SH   SOLE   800,865 0 0
EAGLE BANCORP MONT INC COM 26942G100 3,487 274,375 SH   SOLE   274,375 0 0
EASTERN VA BANKSHARES INC COM 277196101 417 55,209 SH   SOLE   55,209 0 0
EASTMAN CHEM CO COM 277432100 55,198 812,930 SH   SOLE   426,740 0 386,190
EATON CORP PLC SHS G29183103 34,351 575,100 SH   SOLE   322,080 0 253,020
EMERSON ELEC CO COM 291011104 54,405 1,043,035 SH   SOLE   520,145 0 522,890
EMPLOYERS HOLDINGS INC COM 292218104 1,597 55,036 SH   SOLE   55,036 0 0
ENERGEN CORP COM 29265N108 289 6,000 SH   SOLE   6,000 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 4,124 147,879 SH   SOLE   147,879 0 0
EVEREST RE GROUP LTD COM G3223R108 22,055 120,736 SH   SOLE   71,255 0 49,481
EXXON MOBIL CORP COM 30231G102 68,381 729,470 SH   SOLE   351,516 0 377,954
FIFTH THIRD BANCORP COM 316773100 53,204 3,024,678 SH   SOLE   1,556,618 0 1,468,060
FINISH LINE INC CL A 317923100 40,831 2,022,323 SH   SOLE   1,465,964 0 556,359
FIRST BANCORP INC ME COM 31866P102 2,775 128,845 SH   SOLE   128,845 0 0
FIRST FINL BANCORP OH COM 320209109 1,352 69,521 SH   SOLE   69,521 0 0
FIRST MERCHANTS CORP COM 320817109 16,975 680,916 SH   SOLE   459,684 0 221,232
FIRST MIDWEST BANCORP DEL COM 320867104 18,071 1,029,097 SH   SOLE   683,625 0 345,472
FIVE OAKS INVT CORP COM 33830W106 230 42,000 SH   SOLE   42,000 0 0
FLOTEK INDS INC DEL COM 343389102 506 38,300 SH   SOLE   38,300 0 0
FLOWERS FOODS INC COM 343498101 61,898 3,301,228 SH   SOLE   1,989,897 0 1,311,331
FNB CORP PA COM 302520101 45,168 3,601,886 SH   SOLE   2,467,965 0 1,133,921
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,038 11,220 SH   SOLE   11,220 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 43,943 3,495,855 SH   SOLE   1,765,385 0 1,730,470
FRANKLIN ELEC INC COM 353514102 14,380 435,111 SH   SOLE   293,565 0 141,546
GALLAGHER ARTHUR J & CO COM 363576109 28,699 602,929 SH   SOLE   322,363 0 280,566
GASTAR EXPL INC NEW COM 36729W202 542 492,500 SH   SOLE   492,500 0 0
GENERAL MTRS CO COM 37045V100 29,187 1,031,350 SH   SOLE   530,860 0 500,490
GLOBAL MED REIT INC COM NEW 37954A204 202 20,000 SH   SOLE   20,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 395 25,500 SH   SOLE   25,500 0 0
GRAHAM CORP COM 384556106 5,488 297,910 SH   SOLE   297,910 0 0
GRANITE CONSTR INC COM 387328107 52,866 1,160,625 SH   SOLE   792,917 0 367,708
GREEN PLAINS INC COM 393222104 36,248 1,838,154 SH   SOLE   1,341,672 0 496,482
GREENHILL & CO INC COM 395259104 17,213 1,069,138 SH   SOLE   762,781 0 306,357
GREIF INC CL A 397624107 29,232 784,320 SH   SOLE   522,848 0 261,472
H & E EQUIPMENT SERVICES INC COM 404030108 3,945 207,296 SH   SOLE   207,296 0 0
HANCOCK HLDG CO COM 410120109 39,056 1,495,817 SH   SOLE   1,032,121 0 463,696
HARRIS CORP DEL COM 413875105 29,783 356,936 SH   SOLE   184,822 0 172,114
HAWKINS INC COM 420261109 4,069 93,735 SH   SOLE   93,735 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 16,142 503,177 SH   SOLE   365,945 0 137,232
HELMERICH & PAYNE INC COM 423452101 33,872 504,570 SH   SOLE   265,670 0 238,900
HNI CORP COM 404251100 14,955 321,692 SH   SOLE   220,131 0 101,561
HOPFED BANCORP INC COM 439734104 5,581 481,546 SH   SOLE   481,546 0 0
HORIZON BANCORP IND COM 440407104 1,302 51,808 SH   SOLE   51,808 0 0
HOST HOTELS & RESORTS INC COM 44107P104 43,330 2,673,066 SH   SOLE   1,451,347 0 1,221,719
HSN INC COM 404303109 27,841 568,993 SH   SOLE   383,570 0 185,423
HUNTSMAN CORP COM 447011107 33,112 2,461,826 SH   SOLE   1,283,199 0 1,178,627
HURCO COMPANIES INC COM 447324104 4,106 147,538 SH   SOLE   147,538 0 0
IBERIABANK CORP COM 450828108 46,414 777,068 SH   SOLE   531,296 0 245,772
ICICI BK LTD ADR 45104G104 7,080 986,120 SH   SOLE   862,670 0 123,450
INDEPENDENT BANK CORP MICH COM NEW 453838609 5,165 355,974 SH   SOLE   355,974 0 0
INTEL CORP COM 458140100 50,950 1,553,357 SH   SOLE   810,667 0 742,690
INTERFACE INC COM 458665304 27,432 1,798,789 SH   SOLE   1,238,321 0 560,468
INTERNATIONAL BUSINESS MACHS COM 459200101 41,171 271,254 SH   SOLE   136,924 0 134,330
INTL PAPER CO COM 460146103 31,873 752,080 SH   SOLE   390,641 0 361,439
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,247 132,077 SH   SOLE   132,077 0 0
JABIL CIRCUIT INC COM 466313103 48,592 2,630,852 SH   SOLE   1,807,531 0 823,321
JOHNSON CTLS INC COM 478366107 55,442 1,252,634 SH   SOLE   640,084 0 612,550
JPMORGAN CHASE & CO COM 46625H100 62,414 1,004,405 SH   SOLE   521,823 0 482,582
KANSAS CITY SOUTHERN COM NEW 485170302 1,749 19,410 SH   SOLE   19,410 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 649 22,800 SH   SOLE   1,300 0 21,500
KBR INC COM 48242W106 44,917 3,392,510 SH   SOLE   2,320,925 0 1,071,585
KELLY SVCS INC CL A 488152208 4,847 255,508 SH   SOLE   255,508 0 0
KIMBALL INTL INC CL B 494274103 6,779 595,710 SH   SOLE   595,710 0 0
KRONOS WORLDWIDE INC COM 50105F105 18,771 3,575,496 SH   SOLE   2,547,570 0 1,027,926
KT CORP SPONSORED ADR 48268K101 817 57,260 SH   SOLE   57,260 0 0
LANDAUER INC COM 51476K103 5,055 122,803 SH   SOLE   122,803 0 0
LIBBEY INC COM 529898108 5,584 351,401 SH   SOLE   351,401 0 0
LIMONEIRA CO COM 532746104 1,816 103,077 SH   SOLE   103,077 0 0
M & T BK CORP COM 55261F104 28,759 243,247 SH   SOLE   126,890 0 116,357
MARATHON OIL CORP COM 565849106 42,244 2,814,369 SH   SOLE   1,453,581 0 1,360,788
MBIA INC COM 55262C100 205 30,000 SH   SOLE   30,000 0 0
MCGRATH RENTCORP COM 580589109 41,495 1,356,485 SH   SOLE   1,006,604 0 349,881
MERCK & CO INC COM 58933Y105 55,742 967,572 SH   SOLE   500,158 0 467,414
MEREDITH CORP COM 589433101 32,252 621,302 SH   SOLE   423,622 0 197,680
METLIFE INC COM 59156R108 28,762 722,124 SH   SOLE   369,954 0 352,170
MGIC INVT CORP WIS COM 552848103 179 30,000 SH   SOLE   30,000 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 2,783 102,333 SH   SOLE   102,333 0 0
MIDSOUTH BANCORP INC COM 598039105 6,271 624,633 SH   SOLE   624,633 0 0
MORGAN STANLEY COM NEW 617446448 50,893 1,958,948 SH   SOLE   1,028,235 0 930,713
MOSAIC CO NEW COM 61945C103 26,526 1,013,203 SH   SOLE   529,383 0 483,820
MSA SAFETY INC COM 553498106 20,687 393,820 SH   SOLE   267,312 0 126,508
MTS SYS CORP COM 553777103 6,551 149,440 SH   SOLE   149,440 0 0
MURPHY OIL CORP COM 626717102 34,500 1,086,608 SH   SOLE   577,978 0 508,630
NABORS INDUSTRIES LTD SHS G6359F103 37,628 3,744,086 SH   SOLE   2,516,087 0 1,227,999
NATIONAL BK HLDGS CORP CL A 633707104 30,963 1,520,773 SH   SOLE   1,115,910 0 404,863
NATIONAL FUEL GAS CO N J COM 636180101 33,432 587,763 SH   SOLE   318,604 0 269,159
NEW YORK CMNTY BANCORP INC COM 649445103 34,244 2,284,463 SH   SOLE   1,239,461 0 1,045,002
NEWELL BRANDS INC COM 651229106 364 7,500 SH   SOLE   7,500 0 0
NEWFIELD EXPL CO COM 651290108 698 15,800 SH   SOLE   15,800 0 0
NEXTERA ENERGY INC COM 65339F101 33,653 258,075 SH   SOLE   135,390 0 122,685
NORFOLK SOUTHERN CORP COM 655844108 43,306 508,700 SH   SOLE   260,080 0 248,620
NORTHWEST BANCSHARES INC MD COM 667340103 27,028 1,822,548 SH   SOLE   1,228,744 0 593,804
NUCOR CORP COM 670346105 37,511 759,169 SH   SOLE   397,735 0 361,434
OCCIDENTAL PETE CORP DEL COM 674599105 51,353 679,630 SH   SOLE   350,140 0 329,490
OLD NATL BANCORP IND COM 680033107 39,770 3,173,977 SH   SOLE   2,178,605 0 995,372
OLIN CORP COM PAR $1 680665205 45,890 1,847,429 SH   SOLE   992,979 0 854,450
OSHKOSH CORP COM 688239201 38,685 810,846 SH   SOLE   553,657 0 257,189
OUTFRONT MEDIA INC COM 69007J106 62,661 2,592,520 SH   SOLE   1,515,672 0 1,076,848
OXFORD INDS INC COM 691497309 29,731 525,098 SH   SOLE   385,988 0 139,110
PACIFIC CONTINENTAL CORP COM 69412V108 5,396 343,445 SH   SOLE   343,445 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 860 51,595 SH   SOLE   51,595 0 0
PARK ELECTROCHEMICAL CORP COM 700416209 736 50,637 SH   SOLE   50,637 0 0
PARK STERLING CORP COM 70086Y105 8,395 1,184,092 SH   SOLE   1,184,092 0 0
PARKWAY PPTYS INC COM 70159Q104 44,486 2,659,029 SH   SOLE   1,829,643 0 829,386
PARSLEY ENERGY INC CL A 701877102 863 31,879 SH   SOLE   31,879 0 0
PENTAIR PLC SHS G7S00T104 33,106 567,952 SH   SOLE   334,303 0 233,649
PEOPLES BANCORP INC COM 709789101 4,087 187,548 SH   SOLE   187,548 0 0
PHILIP MORRIS INTL INC COM 718172109 32,523 319,730 SH   SOLE   168,550 0 151,180
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 2,869 64,363 SH   SOLE   64,363 0 0
PINNACLE WEST CAP CORP COM 723484101 25,566 315,390 SH   SOLE   169,192 0 146,198
PNC FINL SVCS GROUP INC COM 693475105 38,546 473,600 SH   SOLE   247,881 0 225,719
POLYONE CORP COM 73179P106 26,794 760,337 SH   SOLE   498,918 0 261,419
POTLATCH CORP NEW COM 737630103 31,572 925,870 SH   SOLE   637,254 0 288,616
PRAXAIR INC COM 74005P104 42,119 374,757 SH   SOLE   196,057 0 178,700
PRIMORIS SVCS CORP COM 74164F103 15,666 827,574 SH   SOLE   549,829 0 277,745
PROSPERITY BANCSHARES INC COM 743606105 30,406 596,310 SH   SOLE   410,436 0 185,874
PRUDENTIAL FINL INC COM 744320102 47,130 660,633 SH   SOLE   346,333 0 314,300
PSYCHEMEDICS CORP COM NEW 744375205 501 36,497 SH   SOLE   36,497 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 2,137 280,824 SH   SOLE   280,824 0 0
QUALCOMM INC COM 747525103 38,520 719,052 SH   SOLE   365,992 0 353,060
REGAL BELOIT CORP COM 758750103 28,674 520,881 SH   SOLE   358,937 0 161,944
REGIONS FINL CORP NEW COM 7591EP100 179 21,000 SH   SOLE   21,000 0 0
RESOURCES CONNECTION INC COM 76122Q105 5,468 369,972 SH   SOLE   369,972 0 0
RING ENERGY INC COM 76680V108 1,280 145,106 SH   SOLE   145,106 0 0
ROCKWELL AUTOMATION INC COM 773903109 29,951 260,850 SH   SOLE   129,540 0 131,310
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 27,052 489,890 SH   SOLE   286,590 0 203,300
RYDER SYS INC COM 783549108 38,085 622,920 SH   SOLE   329,350 0 293,570
SCHLUMBERGER LTD COM 806857108 63,441 802,234 SH   SOLE   454,384 0 347,850
SCHULMAN A INC COM 808194104 24,225 991,998 SH   SOLE   721,505 0 270,493
SI FINL GROUP INC MD COM 78425V104 3,727 281,502 SH   SOLE   281,502 0 0
SJW CORP COM 784305104 5,552 140,997 SH   SOLE   140,997 0 0
SNYDERS-LANCE INC COM 833551104 4,899 144,553 SH   SOLE   103,336 0 41,217
SOUTH JERSEY INDS INC COM 838518108 20,293 641,770 SH   SOLE   433,202 0 208,568
SOUTHWEST BANCORP INC OKLA COM 844767103 6,425 379,524 SH   SOLE   379,524 0 0
SPARTAN MTRS INC COM 846819100 6,134 979,829 SH   SOLE   979,829 0 0
ST JUDE MED INC COM 790849103 41,850 536,540 SH   SOLE   275,044 0 261,496
STATE AUTO FINL CORP COM 855707105 510 23,257 SH   SOLE   15,437 0 7,820
STONECASTLE FINL CORP COM 861780104 3,149 171,706 SH   SOLE   171,706 0 0
SUN HYDRAULICS CORP COM 866942105 3,610 121,592 SH   SOLE   121,592 0 0
SUNTRUST BKS INC COM 867914103 28,786 700,741 SH   SOLE   366,871 0 333,870
SYNALLOY CP DEL COM 871565107 2,945 384,488 SH   SOLE   384,488 0 0
SYNERGY RES CORP COM 87164P103 583 87,500 SH   SOLE   87,500 0 0
SYNGENTA AG SPONSORED ADR 87160A100 26,129 340,269 SH   SOLE   197,230 0 143,039
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4,799 182,962 SH   SOLE   182,962 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 44,913 1,117,786 SH   SOLE   751,345 0 366,441
TESSCO TECHNOLOGIES INC COM 872386107 8,041 578,935 SH   SOLE   578,935 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 28,434 566,084 SH   SOLE   362,614 0 203,470
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,002 5,944 SH   SOLE   5,944 0 0
TIMKEN CO COM 887389104 30,316 988,785 SH   SOLE   531,465 0 457,320
TRAVELCENTERS AMER LLC COM 894174101 326 40,000 SH   SOLE   40,000 0 0
TRICO BANCSHARES COM 896095106 8,283 300,118 SH   SOLE   300,118 0 0
TRONOX LTD SHS CL A Q9235V101 6,667 1,511,679 SH   SOLE   946,268 0 565,411
U S SILICA HLDGS INC COM 90346E103 448 13,000 SH   SOLE   13,000 0 0
UMB FINL CORP COM 902788108 33,728 633,867 SH   SOLE   435,896 0 197,971
UNION BANKSHARES CORP NEW COM 90539J109 702 28,421 SH   SOLE   28,421 0 0
UNION PAC CORP COM 907818108 33,677 385,988 SH   SOLE   202,398 0 183,590
UNITED CMNTY FINL CORP OHIO COM 909839102 4,543 747,145 SH   SOLE   747,145 0 0
UNITED FINL BANCORP INC NEW COM 910304104 9,163 705,963 SH   SOLE   705,963 0 0
UNITED PARCEL SERVICE INC CL B 911312106 51,221 475,505 SH   SOLE   244,435 0 231,070
UNITED STATES OIL FUND LP UNITS 91232N108 5,091 440,000 SH Call SOLE   4,400 0 435,600
UNITED TECHNOLOGIES CORP COM 913017109 23,932 233,370 SH   SOLE   137,740 0 95,630
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105 3,302 255,998 SH   SOLE   255,998 0 0
UNIVEST CORP PA COM 915271100 7,713 366,924 SH   SOLE   366,924 0 0
US BANCORP DEL COM NEW 902973304 28,586 708,794 SH   SOLE   363,744 0 345,050
VILLAGE SUPER MKT INC CL A NEW 927107409 5,452 188,706 SH   SOLE   188,706 0 0
VIMPELCOM LTD SPONSORED ADR 92719a106 2,577 664,067 SH   SOLE   664,067 0 0
WAL-MART STORES INC COM 931142103 48,030 657,765 SH   SOLE   336,624 0 321,141
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 11,239 357,251 SH   SOLE   244,817 0 112,434
WEATHERFORD INTL PLC ORD SHS G48833100 250 45,000 SH   SOLE   45,000 0 0
WELLS FARGO & CO NEW COM 949746101 38,860 821,044 SH   SOLE   430,634 0 390,410
WESBANCO INC COM 950810101 28,325 912,224 SH   SOLE   616,658 0 295,566
WESTERN DIGITAL CORP COM 958102105 29,717 628,808 SH   SOLE   341,068 0 287,740
WESTROCK CO COM 96145D105 28,896 743,413 SH   SOLE   379,078 0 364,335
WEYCO GROUP INC COM 962149100 2,965 106,717 SH   SOLE   106,717 0 0
WOLVERINE WORLD WIDE INC COM 978097103 30,362 1,494,170 SH   SOLE   1,011,572 0 482,598
ZIONS BANCORPORATION COM 989701107 402 16,000 SH   SOLE   16,000 0 0