-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G3gq7er5SWp26xDrqgN9F1qgFP94KwjpuqkFCKjFPoh/dVhzECqdQew8dYqYrWuE nUrOkEo0AO19CvIoB2XafQ== 0001140361-10-006167.txt : 20100212 0001140361-10-006167.hdr.sgml : 20100212 20100212165926 ACCESSION NUMBER: 0001140361-10-006167 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100212 DATE AS OF CHANGE: 20100212 EFFECTIVENESS DATE: 20100212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEELEY ASSET MANAGEMENT CORP CENTRAL INDEX KEY: 0001056504 IRS NUMBER: 363160361 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06810 FILM NUMBER: 10600615 BUSINESS ADDRESS: STREET 1: 401 SOUTH LASALLE STREET STREET 2: STE 1201 CITY: CHICAGO STATE: IL ZIP: 60605 BUSINESS PHONE: 3127865000 MAIL ADDRESS: STREET 1: KELLEY ASSET MANAGEMENT CORP STREET 2: 401 S LASALLE ST STE 1201 CITY: CHICAGO STATE: IL ZIP: 60605 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: 12/31/2009 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 2/12/2010 - --------------------------------- --------------------------------- ---------- [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: 333 Form 13F Information Table Value Total: $ 6,634,378 -------------- (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 000375204 550 28800 SH SOLE 28800 0 0 ABERDEEN ASIA PAC INCM COM COM 003009107 112 18000 SH SOLE 18000 0 0 AECOM Technology COM 00766t100 43094 1567045 SH SOLE 1567045 0 0 AMCOL International Corp COM 02341W103 49763 1751000 SH SOLE 1751000 0 0 Ace Ltd. COM H0023r105 1399 27750 SH SOLE 27750 0 0 Acuity Brands Inc COM 00508y102 70686 1983330 SH SOLE 1931400 0 51930 Advance Auto Parts, Inc. COM 00751y106 2577 63650 SH SOLE 63650 0 0 Agilent Technologies COM 00846u101 224 7200 SH SOLE 7200 0 0 Airgas Inc COM 009363102 3501 73540 SH SOLE 72540 0 1000 Alcoa Inc COM 013817101 967 60000 SH SOLE 60000 0 0 Alleghany Energy COM 017361106 3750 159730 SH SOLE 144530 0 15200 Allete Inc COM 018522300 14039 429595 SH SOLE 415865 0 13730 Alpha Natural Resource COM 02076x102 27277 628803 SH SOLE 628803 0 0 Amerco COM 023586100 32945 662610 SH SOLE 643010 0 19600 American Water Works Co., Inc. COM 030420103 17668 788400 SH SOLE 786960 0 1440 Ameriprise Financial COM 03076c106 5056 130233 SH SOLE 124233 0 6000 AmerisourceBergen Corp COM 03073e105 84833 3254050 SH SOLE 3202850 0 51200 Ametek COM 031100100 638 16690 SH SOLE 16690 0 0 Ampco Pittsburgh COM 032037103 31530 1000000 SH SOLE 1000000 0 0 Annaly Mtg Mgmt COM 035710409 291 16800 SH SOLE 16800 0 0 Aptargroup COM 038336103 3838 107390 SH SOLE 107390 0 0 Aqua America Inc COM 03836w103 209 11960 SH SOLE 11960 0 0 Arbitron, Inc. COM 03875q108 220 9390 SH SOLE 9390 0 0 Arch Chemicals Inc. COM 03937r102 48072 1556740 SH SOLE 1545780 0 10960 Arthur J. Gallagher & Co. COM 363576109 18643 828190 SH SOLE 776740 0 51450 Ashland Inc. COM 044209104 73004 1842602 SH SOLE 1836002 0 6600 Assured Guaranty Ltd. COM g0585r106 203 9350 SH SOLE 9350 0 0 Azz Incorporated COM 002474104 32700 1000000 SH SOLE 1000000 0 0 BOARDWALK PIPELIN PTNR UT LTD COM 096627104 213 7106.639 SH SOLE 7106.639 0 0 BOISE INC COM COM 09746y105 53 10000 SH SOLE 10000 0 0 BOK Financial Corp COM 05561q201 8554 180000 SH SOLE 180000 0 0 BancorpSouth, Inc. COM 059692103 7883 336020 SH SOLE 336020 0 0 Bank of America COM 060505104 2462 163500 SH SOLE 163500 0 0 Bank of Nova Scotia Halifax COM 064149107 573 12255 SH SOLE 12255 0 0 BankFinancial Corp COM 06643p104 16395 1656081.693 SH SOLE 1582641.693 0 73440 Beacon Federal Bancorp, Inc. COM 073582108 282 30000 SH SOLE 30000 0 0 Belo Corporation COM 080555105 500 92000 SH SOLE 92000 0 0 Bemis Company Inc COM 081437105 15810 533230 SH SOLE 529530 0 3700 Beneficial Mut Bancorp Inc. COM 08173r104 16934 1720900 SH SOLE 1692780 0 28120 Berry Petroleum Co. COM 085789105 201 6910 SH SOLE 6910 0 0 Black Hill Corp. COM 092113109 1465 55000 SH SOLE 55000 0 0 Brinks Co COM 109696104 393 16155.116 SH SOLE 15155.116 0 1000 Broadridge Fincl Sol COM 11133t103 62467 2768920 SH SOLE 2693270 0 75650 Broadview Security, Inc. COM 109699108 65923 2019711 SH SOLE 1972571 0 47140 Brookline Bancorp Inc COM 11373m107 11801 1190770 SH SOLE 1190770 0 0 Brush Engineered Matl COM 117421107 22341 1205000 SH SOLE 1205000 0 0 Bucyrus International COM 118759109 110939 1968058 SH SOLE 1919408 0 48650 C K E Restaurants Inc COM 12561E105 22382 2645650 SH SOLE 2645650 0 0 CME Group, Inc. COM 12572q105 5113 15219 SH SOLE 15219 0 0 CTS Corp COM 126501105 165 17180 SH SOLE 17180 0 0 Cal-Maine Foods, Inc. COM 128030202 1275 37420 SH SOLE 36360 0 1060 Calpine Corporation COM 131347304 2206 200560 SH SOLE 200560 0 0 Canadian Pacific COM 13645t100 2458 45515 SH SOLE 45515 0 0 Carbo Ceramics, Inc. COM 140781105 222 3260 SH SOLE 3260 0 0 Cardinal Health Inc. COM 14149Y108 3904 121100 SH SOLE 121100 0 0 CareFusion Corp. COM 14170T101 14753 589900 SH SOLE 589900 0 0 Carmike Cinemas Inc New COM 143436400 9275 1226842 SH SOLE 1226842 0 0 Carrizo Oil & Gas Inc COM 144577103 30221 1140000 SH SOLE 1140000 0 0 Cash America Intl. Inc. COM 14754d100 260 7450 SH SOLE 7450 0 0 Century Aluminum Co COM 156431108 1910 118000 SH SOLE 118000 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 - ------------------------------ -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Chicago Bridge & Iron COM 167250109 60035 2969105.411 SH SOLE 2870005.411 0 99100 Circor Intl Inc COM 17273k109 38229 1518215.248 SH SOLE 1479905.248 0 38310 Citizens First Bancorp COM 17461r106 7 17269 SH SOLE 17269 0 0 Clearwater Paper Corp. COM 18538r103 28081 510840 SH SOLE 510840 0 0 Cleco Corp. COM 12561w105 10550 386040 SH SOLE 370890 0 15150 Colfax Corporation COM 194014106 38908 3231590 SH SOLE 3150890 0 80700 Commercial Metals Co COM 201723103 11382 727310 SH SOLE 727310 0 0 Communications Systems, Inc. COM 203900105 143 11530 SH SOLE 11530 0 0 Compass Minerals Intl. Inc. COM 20451n101 10956 163061 SH SOLE 158161 0 4900 Comstock Resources COM 205768203 76288 1880410 SH SOLE 1834820 0 45590 Conseco Inc COM 208464883 2128 425500.98 SH SOLE 425500.98 0 0 Consol Energy Inc. COM 20854P109 4474 89830 SH SOLE 89110 0 720 Contango Oil and Gas Co. COM 21075n204 32484 691000 SH SOLE 691000 0 0 Continental Resources Inc. COM 212015101 27688 645565 SH SOLE 645565 0 0 Corning Inc COM 219350105 966 50000 SH SOLE 50000 0 0 Covanta Holding Corp. COM 22282e102 50348 2783186 SH SOLE 2681753 0 101433 Covidien Ltd. COM g2554f105 2580 53880 SH SOLE 53880 0 0 DIREXION SHS ETF TR DLY SMCAP COM 25459w847 4915 115000 SH SOLE 115000 0 0 DR Horton Inc COM 23331A109 23806 2190110 SH SOLE 2190110 0 0 Danvers Bancorp Inc. COM 236442109 8669 667380 SH SOLE 667380 0 0 Deltic Timber Corp COM 247850100 42067 910925.992 SH SOLE 883680.992 0 27245 Denny's Corporation COM 24869p104 12505 5710000 SH SOLE 5710000 0 0 Dentsply International, Inc. COM 249030107 2075 58990 SH SOLE 58990 0 0 Dillard Inc. COM 254067101 7375 399750 SH SOLE 391750 0 8000 DineEquity Inc. COM 254423106 31216 1285121 SH SOLE 1255781 0 29340 Direxion Daily Small Cap Bear COM 25459w839 2465 250000 SH SOLE 250000 0 0 Discover Financial Svc COM 254709108 1187 80677 SH SOLE 80677 0 0 Dollar Tree Stores Inc COM 256746108 1733 35870 SH SOLE 35870 0 0 Dr Pepper Snapple Group COM 26138e109 51111 1806040 SH SOLE 1789040 0 17000 Dresser Rand Group Inc COM 261608103 34946 1105530 SH SOLE 1105530 0 0 Dril Quip Inc. COM 262037104 25204 446250 SH SOLE 426050 0 20200 Duff & Phelps COM 26433b107 2135 116940 SH SOLE 116940 0 0 ESSA BANCORP INC COM COM 29667d104 246 21000 SH SOLE 21000 0 0 Eastern Insurance Inc. COM 276534104 561 65050 SH SOLE 65050 0 0 Emeritus Corp COM 291005106 8063 430000 SH SOLE 430000 0 0 EnCana Corp. COM 292505104 2100 64830 SH SOLE 64830 0 0 Encore Acquisition Co. COM 29255w100 15366 320000 SH SOLE 320000 0 0 Enpro Industries Inc. COM 29355x107 49231 1864089 SH SOLE 1798859 0 65230 Epoch Hldg Corp COM 29428r103 29391 2812530 SH SOLE 2637030 0 175500 Everest RE Group COM G3223R108 300 3500 SH SOLE 3500 0 0 Exco Resources Inc. COM 269279402 89928 4235882 SH SOLE 4164802 0 71080 Exelon Corp COM 30161n101 244 5000 SH SOLE 5000 0 0 Express Scripts Inc. COM 302182100 309 3570 SH SOLE 3570 0 0 Exterran Holdings, Inc. COM 30225x103 26012 1212690 SH SOLE 1198390 0 14300 FMC Corp. COM 302491303 5722 102620 SH SOLE 102620 0 0 FMC Technologies COM 30249u101 11956 206700 SH SOLE 186800 0 19900 Federal Signal Corp. COM 313855108 17277 2870000 SH SOLE 2870000 0 0 Fidelity National Info COM 31620m106 9221 393389.5 SH SOLE 342462.5 0 50927 Fidelity Natl Finl Inc COM 31620r105 3503 260288 SH SOLE 257288 0 3000 First Niagara Financial COM 33582v108 43642 3137475 SH SOLE 3097325 0 40150 FirstMerit Corp. COM 337915102 24061 1194675.598 SH SOLE 1166511.598 0 28164 Flowers Foods Inc COM 343498101 65657 2763330.967 SH SOLE 2673753.967 0 89577 Flowserve Corp. COM 34354p105 75240 795940 SH SOLE 780570 0 15370 Forestar Group, Inc. COM 346233109 52567 2391562 SH SOLE 2306331 0 85231 Foster L B Co. COM 350060109 46985 1576149 SH SOLE 1516959 0 59190 Foster Wheeler AG COM H27178104 63263 2148896 SH SOLE 2092956 0 55940 GAMCO Invs Inc COM 361438104 18012 373000 SH SOLE 373000 0 0 GENCOR INDS INC COM COM 368678108 224 30000 SH SOLE 30000 0 0 GP Strategies Corp. COM 36225v104 5798 770000 SH SOLE 770000 0 0 GS FINL CORP COM COM 362274102 195 13041 SH SOLE 13041 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 - ------------------------------ -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Gardner Denver Inc COM 365558105 54421 1279000 SH SOLE 1255000 0 24000 Gaylord Entmt Co. COM 367905106 43628 2209000 SH SOLE 2196750 0 12250 General Cable Corp. COM 369300108 24860 845000 SH SOLE 845000 0 0 Genesee & Wyoming COM 371559105 72021 2206530 SH SOLE 2149230 0 57300 Glacier Bancorp Inc COM 37637q105 5785 421640 SH SOLE 421640 0 0 Goldman Sachs Group Inc. COM 38141G104 422 2500 SH SOLE 2500 0 0 Goodrich Petroleum COM 382410405 38548 1583074 SH SOLE 1542974 0 40100 Granite Construction Inc COM 387328107 39904 1185500 SH SOLE 1185500 0 0 Greenbrier Cos Inc COM 393657101 20447 1969850 SH SOLE 1969850 0 0 Greenhill & Co Inc. COM 395259104 34664 432000 SH SOLE 432000 0 0 HARRY WINSTON DIAMOND COM COM 41587b100 618 65000 SH SOLE 65000 0 0 HCC Insurance Holdings COM 404132102 63450 2268490 SH SOLE 2247890 0 20600 Halliburton Co COM 406216101 2919 97020 SH SOLE 97020 0 0 Hanesbrands Inc COM 410345102 24860 1031095 SH SOLE 1000455 0 30640 Hanover Ins Group Inc COM 410867105 79094 1780200 SH SOLE 1763330 0 16870 Harsco Corp COM 415864107 4934 153080 SH SOLE 124780 0 28300 Haynes Intl Inc. COM 420877201 25907 786000 SH SOLE 786000 0 0 Henry Jack & Assoc. Inc. COM 426281101 457 19770 SH SOLE 19770 0 0 Henry Schein Inc. COM 806407102 4056 77110 SH SOLE 76210 0 900 Hill-Rom Holdings Inc COM 431475102 85151 3549440 SH SOLE 3461660 0 87780 HomeFederal Bancorp COM 43710G105 19775 1485699 SH SOLE 1452354 0 33345 Honeywell COM 438516106 1356 34600 SH SOLE 28200 0 6400 IBM COM 459200101 229 1750 SH SOLE 1750 0 0 ISHARES INC MSCI BRAZIL COM 464286400 355 4761.043 SH SOLE 4761.043 0 0 ISHARES TR BARCLYS 1-3YR CR COM 464288646 275 2650 SH SOLE 2650 0 0 IShares Barclays TIPS Bond Fun COM 464287176 255 2450 SH SOLE 2450 0 0 IShares Inc MSCI Australia Ind COM 464286103 239 10465 SH SOLE 10465 0 0 IShares Inc MSCI Canada Index COM 464286509 490 18622.675 SH SOLE 18622.675 0 0 IShares TR FTSE Xinhua HK Chin COM 464287184 287 6782.002 SH SOLE 6782.002 0 0 ITC Holdings Corp COM 465685105 77818 1493920 SH SOLE 1459410 0 34510 ITT Corp. COM 450911102 6027 121165 SH SOLE 116165 0 5000 Iberiabank Corp. COM 450828108 62577 1162920 SH SOLE 1152510 0 10410 Idex Corp COM 45167r104 903 29000 SH SOLE 29000 0 0 Ingersoll Rand COM G47791101 3129 87560 SH SOLE 81560 0 6000 Integrated Electrical Svcs COM 45811e301 2690 459908 SH SOLE 459908 0 0 Integrys Energy Group Inc COM 45822P105 4665 111100 SH SOLE 103100 0 8000 Interactive Data Corp COM 45840j107 3873 153080 SH SOLE 135880 0 17200 Intercontinental Exchange COM 45865v100 281 2500 SH SOLE 2500 0 0 Invesco Ltd. COM G491BT108 37053 1577390 SH SOLE 1577390 0 0 Investment Technology COM 46145f105 30962 1571689 SH SOLE 1561171 0 10518 Ishares Tr Russell 2000 Value COM 464287630 1176 20260 SH SOLE 20260 0 0 Itau Unibanco Banco Multiplo S COM 465562106 365 16000 SH SOLE 16000 0 0 JP Morgan Chase & Co COM 46625h100 2208 52990 SH SOLE 52990 0 0 Janus Cap Group Inc COM 47102x105 490 36450 SH SOLE 33350 0 3100 Jarden Corporation COM 471109108 556 18000 SH SOLE 18000 0 0 Jefferies Group Inc. COM 472319102 24752 1043060 SH SOLE 1013810 0 29250 John Bean Tech, Corp. COM 477839104 27145 1595836 SH SOLE 1513324 0 82512 Joy Global Inc COM 481165108 73355 1422436.652 SH SOLE 1378639.652 0 43797 KBR Inc. COM 48242w106 4720 248410 SH SOLE 246410 0 2000 Kaiser Aluminum Corp New COM 483007704 54031 1298200 SH SOLE 1288960 0 9240 Kaman Corp COM 483548103 25606 1108960 SH SOLE 1108960 0 0 Kansas City Southern COM 485170302 81495 2448031 SH SOLE 2375651 0 72380 Kaydon Corp. COM 486587108 44378 1241000 SH SOLE 1241000 0 0 Kinder Morgan Energy Partners COM 494550106 273 4475 SH SOLE 4475 0 0 Knight Capital Group, Inc. COM 499005106 154 10000 SH SOLE 10000 0 0 Koppers Holdings Inc. COM 50060p106 45180 1484220 SH SOLE 1484220 0 0 Ladish Co Inc COM 505754200 20242 1345000 SH SOLE 1345000 0 0 Lance Inc. COM 514606102 35505 1350000 SH SOLE 1350000 0 0 Las Vegas Sands Corp COM 517834107 822 55000 SH SOLE 55000 0 0 Layne Christensen Company COM 521050104 42993 1497500 SH SOLE 1497500 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 - ------------------------------ -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Lazard Ltd. COM g54050102 2462 64850 SH SOLE 64850 0 0 Legacy Bancorp Inc Cl A COM 52463g105 166 16800 SH SOLE 16800 0 0 Legg Mason, Inc. COM 524901105 36415 1207400 SH SOLE 1199800 0 7600 Lender Processing Services COM 52602e102 7765 190983 SH SOLE 187660 0 3323 Leucadia National COM 527288104 5549 233264 SH SOLE 204464 0 28800 Lufkin Inds. Inc COM 549764108 50389 688370 SH SOLE 688370 0 0 MB Financial Inc COM 55264u108 32478 1647785 SH SOLE 1628125 0 19660 MGM Mirage COM 552953101 6024 660540 SH SOLE 660540 0 0 Mac-Gray Corp COM 554153106 6360 617500 SH SOLE 617500 0 0 Magnetek Inc. COM 559424106 90 58200 SH SOLE 58200 0 0 Maidenform Brands Inc COM 560305104 41725 2500000 SH SOLE 2500000 0 0 Manitowoc Company Inc. COM 563571108 4058 407000 SH SOLE 407000 0 0 Marcus Corp. COM 566330106 27686 2159570 SH SOLE 2159570 0 0 Marketaxess Hldgs Inc COM 57060d108 21462 1544000 SH SOLE 1544000 0 0 Martin Marietta Matererials In COM 573284106 6456 72202 SH SOLE 69002 0 3200 McDermott International COM 580037109 56919 2370649 SH SOLE 2300489 0 70160 Meadowbrook Insurance Group COM 58319p108 14220 1921640 SH SOLE 1921640 0 0 MetLife Inc COM 59156r108 265 7500 SH SOLE 7500 0 0 Midas Inc. COM 595626102 12802 1515000 SH SOLE 1515000 0 0 Mueller Water COM 624758108 30804 5923863 SH SOLE 5848851 0 75012 National Fuel & Gas Co COM 636180101 3855 77100 SH SOLE 77100 0 0 National Presto Industries, In COM 637215104 1038 9500 SH SOLE 9500 0 0 Natural Gas Services Grp Inc. COM 63886q109 32516 1725000 SH SOLE 1725000 0 0 Neenah Paper COM 640079109 19234 1378800 SH SOLE 1378800 0 0 NewAlliance Bancshares Inc COM 650203102 49542 4125097 SH SOLE 4066567 0 58530 Newell Rubbermaid COM 651229106 222 14800 SH SOLE 14800 0 0 Newmont Mining Corp Hldg Co COM 651639106 539 11400 SH SOLE 11400 0 0 Northern Trust Corp. COM 665859104 322 6140 SH SOLE 6140 0 0 Orchids Paper Products Company COM 68572n104 404 20164 SH SOLE 20164 0 0 Orient Express Hotels COM g67743107 23455 2313135 SH SOLE 2270685 0 42450 Otter Tail Corp. COM 689648103 26101 1051600 SH SOLE 1026600 0 25000 PHH Corp. COM 693320202 26404 1639000 SH SOLE 1639000 0 0 PIMCO MUNICIPAL INC FD COM COM 72200R107 127 10237 SH SOLE 10237 0 0 POWERSHARES GLB ETF FD S&P 500 COM 73936g308 353 16426.809 SH SOLE 16426.809 0 0 POWERSHS DB MULTI SECT DB BASE COM 73936b705 2728 121250 SH SOLE 121250 0 0 PROSHARES TR PSHS ULTSH 20YRS COM 74347r297 299 6000 SH SOLE 6000 0 0 PROSHARES TR ULTRASHORT QQQ COM 74347r875 286 15000 SH SOLE 15000 0 0 PROSHARES TR ULTRASHT SP500 COM 74347r883 3505 100000 SH SOLE 100000 0 0 Partnerre Ltd COM g6852t105 19172 256790 SH SOLE 256790 0 0 Patterson Companies Inc. COM 703395103 38429 1373430 SH SOLE 1331330 0 42100 Peabody Energy Corp COM 704549104 1849 40900 SH SOLE 40900 0 0 Penn Millers Holding Corp. COM 707561106 242 22000 SH SOLE 22000 0 0 Perrigo Company COM 714290103 42056 1055880 SH SOLE 1025980 0 29900 Petrohawk Energy COM 716495106 78840 3286360 SH SOLE 3197810 0 88550 Petsmart, Inc. COM 716768106 28153 1054830 SH SOLE 1038830 0 16000 Pharmamerica Corp. COM 71714f104 40054 2522300 SH SOLE 2498300 0 24000 Pioneer Natural Resources COM 723787107 1616 33547 SH SOLE 28847 0 4700 Piper Jaffray Inc COM 724078100 33909 670000 SH SOLE 670000 0 0 Plains All American Pipeline L COM 726503105 234 4425 SH SOLE 4425 0 0 Plains Expl & Prod Co COM 726505100 5636 203750 SH SOLE 181350 0 22400 Portland General Electric Co. COM 736508847 11527 564750 SH SOLE 564750 0 0 Powershares DB Agriculture COM 73936b408 1348 51000 SH SOLE 43000 0 8000 Proshares Ultrashort QQQ COM 74347r875 771 40500 SH SOLE 40500 0 0 Protective Life Corp. COM 743674103 321 19420 SH SOLE 19420 0 0 Providence & Worcester RR COM 743737108 3916 364275 SH SOLE 339175 0 25100 Provident Financial COM 74386t105 14804 1390000 SH SOLE 1390000 0 0 Pulte Corp COM 745867101 28959 2895940 SH SOLE 2741340 0 154600 Pzena Investment Management COM 74731q103 6040 742000 SH SOLE 742000 0 0 Quanex Corp. COM 747619104 33940 2000000 SH SOLE 2000000 0 0 Quanta Services Inc COM 74762E102 38278 1836770 SH SOLE 1836770 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 - ------------------------------ -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ Questar Corp COM 748356102 2399 57710 SH SOLE 57710 0 0 RBC Bearings Inc. COM 75524b104 33663 1383600 SH SOLE 1375000 0 8600 RG Barry Corp COM 068798107 129 14990 SH SOLE 14990 0 0 RSC HOLDINGS INC COM COM 74972l102 528 75000 SH SOLE 75000 0 0 RailAmerica Inc. COM 750753402 6437 527650 SH SOLE 493650 0 34000 Ralcorp Holdings Inc COM 751028101 64576 1081490 SH SOLE 1053570 0 27920 Range Resources Corp. COM 75281a109 53577 1074770 SH SOLE 1060270 0 14500 Red Lion Hotels Corp. COM 756764106 1933 391352 SH SOLE 391352 0 0 Regal Beloit Corp. COM 758750103 55047 1059810 SH SOLE 1055310 0 4500 Reinsurance Group of America COM 759351604 38781 813880 SH SOLE 813880 0 0 Resolute Energy Corp. COM 76116A108 461 40000 SH SOLE 40000 0 0 Resource Capital Corp COM 76120w302 123 25000 SH SOLE 25000 0 0 Robbins & Myers Inc COM 770196103 40572 1725000 SH SOLE 1725000 0 0 Rock-Tenn Company COM 772739207 392 7785 SH SOLE 7785 0 0 Rydex ETF Tr COM 78355w106 285 7200 SH SOLE 7200 0 0 SPDR KBW Regional Bank ETF COM 78464a698 18586 835310 SH SOLE 788340 0 46970 SPDR SERIES TRUST S&P HOMEBUIL COM 78464a888 2218 146800 SH SOLE 146800 0 0 SPDR Trust Ser 1 Unit COM 78462f103 31510 282750.951 SH SOLE 282750.951 0 0 SUPERVALU, Inc. COM 868536103 409 32200 SH SOLE 32200 0 0 SWS Group Inc. COM 78503n107 16590 1371110 SH SOLE 1371110 0 0 Safeguard Scientifics Inc. COM 786449207 412 40000 SH SOLE 40000 0 0 Saks Holdings Inc COM 79377W108 15862 2417960 SH SOLE 2417960 0 0 Sally Beauty Holdings Inc COM 79546e104 33170 4336000 SH SOLE 4336000 0 0 Scotts Co COM 810186106 264 6725 SH SOLE 6725 0 0 Sector SPDR Tr SBI Int - Tech COM 81369y803 1643 71650 SH SOLE 71650 0 0 Sector Sdpr Tr Shs Ben Int Ene COM 81369y506 838 14700 SH SOLE 14700 0 0 Shaw Group Inc COM 820280105 36197 1259010 SH SOLE 1259010 0 0 Smucker JM Co. COM 832696405 34418 557375 SH SOLE 555375 0 2000 Snap On Inc COM 833034101 5416 128165 SH SOLE 128165 0 0 Solutia Inc. COM 834376501 1480 116520 SH SOLE 111990 0 4530 South Jersey Inds Inc. COM 838518108 16952 444010 SH SOLE 444010 0 0 Southern Copper Corp COM 84265v105 1646 50000 SH SOLE 50000 0 0 St. Joe Corp. COM 790148100 588 20370 SH SOLE 9820 0 10550 Stage Stores Inc COM 85254c305 24994 2022180 SH SOLE 2017980 0 4200 Standard Parking Corp COM 853790103 10513 662000 SH SOLE 662000 0 0 Stifel Financial Corp. COM 860630102 2144 36200 SH SOLE 36200 0 0 Streettracks Ser Tr KBW Cap COM 78464a771 331 9000 SH SOLE 9000 0 0 Sun Hydraulics Corporation COM 866942105 25397 967500 SH SOLE 967500 0 0 Suntrust Banks Inc COM 867914103 1550 76370 SH SOLE 70970 0 5400 Teledyne COM 879360105 36003 938565 SH SOLE 938565 0 0 Temple-Inland, Inc. COM 879868107 5743 272050 SH SOLE 272050 0 0 Tennant Co COM 880345103 51040 1948820 SH SOLE 1899610 0 49210 Teradata Corp. COM 88076W103 24046 765060 SH SOLE 751860 0 13200 Terex Corp. COM 880779103 27716 1399100 SH SOLE 1369100 0 30000 Territorial Bancorp, Inc. COM 88145x108 3790 209975 SH SOLE 209975 0 0 Texas Indust COM 882491103 55084 1574280 SH SOLE 1539660 0 34620 Textron COM 883203101 799 42500 SH SOLE 42500 0 0 Thomas & Betts Corp. COM 884315102 10711 299260 SH SOLE 253710 0 45550 Timken Co. COM 887389104 17267 728269.624 SH SOLE 694584.624 0 33685 Titan Intl. Inc. COM 88830m102 16750 2065400 SH SOLE 2065400 0 0 Toll Brothers, Inc. COM 889478103 36772 1954923 SH SOLE 1925613 0 29310 Tootsie Roll Inds COM 890516107 43534 1590000 SH SOLE 1590000 0 0 Torchmark Corp COM 891027104 220 5000 SH SOLE 5000 0 0 Travelers Inc. COM 89417e109 384 7700 SH SOLE 7700 0 0 Treehouse Foods Inc COM 89469a104 75126 1933250 SH SOLE 1920130 0 13120 Trinity Indus Inc. COM 896522109 28083 1610270 SH SOLE 1608270 0 2000 Tyco Intl Inc. COM h89128104 1605 44997 SH SOLE 44997 0 0 URS Corporation COM 903236107 11575 260000 SH SOLE 260000 0 0 Union Pacific Corp COM 907818108 2856 44696 SH SOLE 44696 0 0 Unit Corp COM 909218109 1190 28000 SH SOLE 28000 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 - ------------------------------ -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ------ United Rental Inc COM 911363109 1197 122000 SH SOLE 122000 0 0 United States Oil Fund COM 91232n108 2864 72900 SH SOLE 72900 0 0 United Technlogies COM 913017109 201 2900 SH SOLE 2900 0 0 Unitrin Inc COM 913275103 1357 61550 SH SOLE 57350 0 4200 Universal Stainless COM 913837100 13862 735000 SH SOLE 735000 0 0 Vail Resorts Inc. COM 91879q109 71858 1900997 SH SOLE 1878107 0 22890 Valmont Inds. Inc. COM 920253101 37842 482370 SH SOLE 482370 0 0 Vectren Corp COM 92240G101 28798 1166865 SH SOLE 1141495 0 25370 Viewpoint Finl Group COM 926727108 356 24687 SH SOLE 24687 0 0 W.R. Berkley Corp. COM 084423102 25231 1024000 SH SOLE 1024000 0 0 W.R. Grace COM 38388F108 44342 1749200 SH SOLE 1700500 0 48700 WAYSIDE TECH GROUP INC COM COM 946760105 98 12300 SH SOLE 12300 0 0 Wabco Holdings Inc COM 92927k102 3649 141470 SH SOLE 136970 0 4500 Wabtec Corp. COM 929740108 86517 2118437 SH SOLE 2083917 0 34520 Waddell & Reed Fin Cl A COM 930059100 59701 1954860 SH SOLE 1954860 0 0 Walter Energy, Inc. COM 93317Q105 120043 1593986.932 SH SOLE 1574976.932 0 19010 Walter Investment Management COM 93317w102 31437 2193794.783 SH SOLE 2160724.783 0 33070 Watts Water Technologies Cl A COM 942749102 47212 1526900 SH SOLE 1520800 0 6100 Wausau Paper Corp. COM 943315101 19604 1690000 SH SOLE 1690000 0 0 Wendy's/Arby's Group Inc. COM 950587105 4143 883304.113 SH SOLE 877839.113 0 5465 Westar Energy Inc COM 95709t100 48431 2229806.917 SH SOLE 2136041.917 0 93765 Western Union Co COM 959802109 1835 97350 SH SOLE 97350 0 0 Westfield Financial Inc. COM 96008p104 23091 2798880 SH SOLE 2720450 0 78430 Westwood Hldg Group COM 961765104 2398 66000 SH SOLE 66000 0 0 Willbros Group Inc COM 969203108 51371 3045105 SH SOLE 2939200 0 105905 Wintrust Financial Corp COM 97650W108 36101 1172500 SH SOLE 1172500 0 0 Wisconsin Energy Corp. COM 976657106 2594 52050 SH SOLE 52050 0 0 World Fuel Services Corp. COM 981475106 323 12050 SH SOLE 12050 0 0 Wright Express COM 98233q105 77598 2435585 SH SOLE 2349725 0 85860 Wyndham Worldwide COM 98310w108 54203 2687302 SH SOLE 2587512 0 99790 Zenith Natl Ins Corp COM 989390109 253 8500 SH SOLE 8500 0 0 Zep Inc. COM 98944b108 28389 1639100 SH SOLE 1571600 0 67500 iShares Russell 3000 Index COM 464287689 6352 97300 SH SOLE 97300 0 0
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