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: 3/31/2011 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: 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 5/16/2011 --------------------------------- --------------------------------- ---------- [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: 405 Form 13F Information Table Value Total: $ 6,536,110 -------------- (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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- ADTRAN, Inc. COM 00738a106 353 8310 SH SOLE 8310.000 0 0 AECOM Technology COM 00766t100 37207 1341765 SH SOLE 1341765.000 0 0 AGCO Corp. COM 001084102 1622 29500 SH SOLE 29500.000 0 0 AMCOL International Corp COM 02341W103 43004 1195215 SH SOLE 1195215.000 0 0 AON Corp. COM 037389103 2368 44705 SH SOLE 44705.000 0 0 ARCADIA RES INC COM COM 039209101 5 40000 SH SOLE 40000.000 0 0 Aaron's Inc. COM 002535300 2894 114125 SH SOLE 112325.000 0 1800.000 Ace Ltd. COM H0023r105 1754 27105 SH SOLE 27105.000 0 0 Acuity Brands Inc COM 00508y102 69490 1188060 SH SOLE 1132890.000 0 55170.000 Advance Auto Parts, Inc. COM 00751y106 2192 33410 SH SOLE 33410.000 0 0 Agilent Technologies COM 00846u101 365 8140 SH SOLE 8140.000 0 0 Allete Inc COM 018522300 14251 365695 SH SOLE 331935.000 0 33760.000 Allstate Corp COM 020002101 1880 59150 SH SOLE 59150.000 0 0 Alpha Natural Resource COM 02076x102 28792 484957 SH SOLE 484957.000 0 0 Amerco COM 023586100 47148 486060 SH SOLE 483960.000 0 2100.000 American Campus Communities COM 024835100 435 13180 SH SOLE 13180.000 0 0 American Water Works Co., COM 030420103 5938 211705 SH SOLE 208565.000 0 3140.000 Inc. Ameriprise Financial COM 03076c106 4052 66335 SH SOLE 61335.000 0 5000.000 AmerisourceBergen Corp COM 03073e105 53727 1358120 SH SOLE 1325120.000 0 33000.000 Ampco Pittsburgh COM 032037103 25641 929700 SH SOLE 929700.000 0 0 Annaly Mtg Mgmt COM 035710409 175 10000 SH SOLE 10000.000 0 0 Aptargroup COM 038336103 4375 87270 SH SOLE 86470.000 0 800.000 Aqua America Inc COM 03836w103 421 18390 SH SOLE 18390.000 0 0 Arbitron, Inc. COM 03875q108 640 15990 SH SOLE 15990.000 0 0 Arch Chemicals Inc. COM 03937r102 45999 1106015 SH SOLE 1080345.000 0 25670.000 Archer Dan Midland COM 039483102 236 6555 SH SOLE 6555.000 0 0 Arlington Asset Investment COM 041356205 202 6640 SH SOLE 6640.000 0 0 Cp Arthur J. Gallagher & Co. COM 363576109 25339 833259 SH SOLE 756019.000 0 77240.000 Ashland Inc. COM 044209104 43885 759782 SH SOLE 754182.000 0 5600.000 Avis Budget Group COM 053774105 45179 2522565 SH SOLE 2391305.000 0 131260.000 Azz Incorporated COM 002474104 30894 677500 SH SOLE 677500.000 0 0 B & G FOODS INC NEW CL A COM 05508R106 512 27270 SH SOLE 27270.000 0 0 BOARDWALK PIPELIN PTNR UT COM 096627104 322 9862.019 SH SOLE 9862.019 0 0 LTD BOISE INC COM COM 09746y105 92 10000 SH SOLE 10000.000 0 0 BOK Financial Corp COM 05561q201 1249 24170 SH SOLE 24170.000 0 0 Babcock & Wilcox Co. COM 05615F102 59782 1790958 SH SOLE 1706298.000 0 84660.000 BancorpSouth, Inc. COM 059692103 2779 179850 SH SOLE 169850.000 0 10000.000 Bank of America COM 060505104 1871 140350.251 SH SOLE 140350.251 0 0 Bank of Nova Scotia Halifax COM 064149107 530 8630 SH SOLE 8630.000 0 0 BankFinancial Corp COM 06643p104 1980 215413.693 SH SOLE 215183.693 0 230.000 Barclays Bk Plc IPath Index COM 06738c778 652 12700 SH SOLE 12700.000 0 0 Baytex Energy Tr Unit COM 07317q105 339 5800 SH SOLE 5800.000 0 0 Beacon Federal Bancorp, COM 073582108 319 22000 SH SOLE 22000.000 0 0 Inc. Belo Corporation COM 080555105 10218 1159810 SH SOLE 1150510.000 0 9300.000 Bemis Company Inc COM 081437105 3639 110910 SH SOLE 110910.000 0 0 Beneficial Mut Bancorp Inc. COM 08173r104 8146 945055 SH SOLE 856935.000 0 88120.000 Berry Petroleum Co. COM 085789105 31249 619410 SH SOLE 619410.000 0 0 Briggs & Straton COM 109043109 1676 74000 SH SOLE 74000.000 0 0 Brinks Co COM 109696104 35022 1057761 SH SOLE 1005691.000 0 52070.000 Broadridge Fincl Sol COM 11133t103 60733 2676621 SH SOLE 2557971.000 0 118650.000 Brookline Bancorp Inc COM 11373m107 11057 1050000 SH SOLE 1050000.000 0 0 Bucyrus International COM 118759109 2286 25000 SH SOLE 25000.000 0 0 C I T Group COM 125581801 8399 197400 SH SOLE 188400.000 0 9000.000 CHEMTURA CORP COM COM 163893209 452 20000 SH SOLE 20000.000 0 0 CME Group, Inc. COM 12572q105 1440 4776 SH SOLE 4776.000 0 0 Calpine Corporation COM 131347304 2421 152560 SH SOLE 149360.000 0 3200.000
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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Canadian Pacific COM 13645t100 548 8515 SH SOLE 8515.000 0 0 Cantel Medical Corp COM 138098108 549 21310 SH SOLE 21310.000 0 0 Capitol Federal Financial COM 14057j101 26113 2317040 SH SOLE 2131250.000 0 185790.000 Carbo Ceramics, Inc. COM 140781105 281 1990 SH SOLE 1990.000 0 0 Cardinal Health Inc. COM 14149Y108 4287 104240 SH SOLE 104240.000 0 0 CareFusion Corp. COM 14170T101 4293 152230 SH SOLE 152230.000 0 0 Carrizo Oil & Gas Inc COM 144577103 49305 1335090 SH SOLE 1304070.000 0 31020.000 Chemtura Corporation COM 163893209 18622 1082690 SH SOLE 1020050.000 0 62640.000 Chicago Bridge & Iron COM 167250109 91300 2245442.133 SH SOLE 2152842.133 0 92600.000 Circor Intl Inc COM 17273k109 53434 1136404.248 SH SOLE 1094654.248 0 41750.000 Clearwater Paper Corp. COM 18538r103 28678 352310 SH SOLE 352310.000 0 0 Cleco Corp. COM 12561w105 2628 76650 SH SOLE 76650.000 0 0 Cliffs Natural Resources COM 18683k101 1405 14300 SH SOLE 14300.000 0 0 Inc Colfax Corporation COM 194014106 57276 2495691 SH SOLE 2486691.000 0 9000.000 Comerica COM 200340107 238 6470 SH SOLE 6470.000 0 0 Communications Systems, COM 203900105 413 26860 SH SOLE 26860.000 0 0 Inc. Compass Minerals Intl. Inc. COM 20451n101 13163 140737 SH SOLE 125177.000 0 15560.000 Comstock Resources COM 205768203 12167 393240 SH SOLE 364640.000 0 28600.000 Concho Resources Inc COM 20605p101 1642 15300 SH SOLE 15300.000 0 0 Conseco Inc COM 12621E103 3823 509000.98 SH SOLE 509000.980 0 0 Consol Energy Inc. COM 20854P109 4298 80150 SH SOLE 79030.000 0 1120.000 Contango Oil and Gas Co. COM 21075n204 41713 659600 SH SOLE 659600.000 0 0 Continental Resources Inc. COM 212015101 44556 623420 SH SOLE 622420.000 0 1000.000 CoreLogic, Inc. COM 21871d103 55480 2998923 SH SOLE 2878653.000 0 120270.000 Covanta Holding Corp. COM 22282e102 16335 956400 SH SOLE 944900.000 0 11500.000 DIREXION SHS ETF TR DLY COM 25459w847 1322 15000 SH SOLE 15000.000 0 0 SMCAP DR Horton Inc COM 23331A109 757 65000 SH SOLE 65000.000 0 0 Dana Holding Corporation COM 235825205 31227 1795711 SH SOLE 1735791.000 0 59920.000 Dean Foods Co. COM 242370104 140 14000 SH SOLE 14000.000 0 0 Deltic Timber Corp COM 247850100 61094 914030.835 SH SOLE 876345.835 0 37685.000 Deluxe Corp. COM 248019101 358 13500 SH SOLE 13500.000 0 0 Denny's Corporation COM 24869p104 36359 8955480 SH SOLE 8765430.000 0 190050.000 Dentsply International, COM 249030107 1315 35560 SH SOLE 35560.000 0 0 Inc. Destination Maternity Corp. COM 25065D100 370 16020 SH SOLE 16020.000 0 0 Dillard Inc. COM 254067101 3700 92225 SH SOLE 85225.000 0 7000.000 DineEquity Inc. COM 254423106 52497 954833 SH SOLE 931333.000 0 23500.000 Direx Dly Energy Bear 3X COM 25459w342 387 29000 SH SOLE 29000.000 0 0 Direx Dly Tech Bull 3X COM 25459w102 2512 53000 SH SOLE 53000.000 0 0 Shares Direxion Daily Small Cap COM 25459w110 421 12000 SH SOLE 12000.000 0 0 Bear Direxion Financial Bull 3x COM 25459w516 2120 70000 SH SOLE 70000.000 0 0 Discover Financial Svc COM 254709108 4431 183725 SH SOLE 183725.000 0 0 Dollar General Corp COM 256677105 1583 50500 SH SOLE 50500.000 0 0 Dollar Tree Stores Inc COM 256746108 4054 73025 SH SOLE 73025.000 0 0 Donnelly RR & Sons. Co. COM 257867101 37276 1970170 SH SOLE 1965070.000 0 5100.000 Dover Corp. COM 260003108 1466 22300 SH SOLE 22300.000 0 0 Dr Pepper Snapple Group COM 26138e109 16341 439750 SH SOLE 423150.000 0 16600.000 Dresser Rand Group Inc COM 261608103 52700 982845 SH SOLE 958365.000 0 24480.000 Dril Quip Inc. COM 262037104 38211 483500 SH SOLE 470000.000 0 13500.000 DuPont E.I. DeNemours COM 263534109 297 5400 SH SOLE 5400.000 0 0 Duff & Phelps COM 26433b107 913 57155 SH SOLE 53655.000 0 3500.000 Dynex Capital, Inc. COM 26817q506 418 41570 SH SOLE 41570.000 0 0 EOG Resources Inc COM 26875p101 1581 13340 SH SOLE 13340.000 0 0 ESSA BANCORP INC COM COM 29667d104 132 10000 SH SOLE 10000.000 0 0 ETF TR AGRIBUS ETF COM 57060u605 544 9715 SH SOLE 9715.000 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Eastern Insurance Inc. COM 276534104 739 57120 SH SOLE 57120.000 0 0 Eaton Corp COM 278058102 1331 24000 SH SOLE 24000.000 0 0 Einstein Noah Restaurant COM 28257u104 407 25030 SH SOLE 25030.000 0 0 Group El Paso Electric Co. COM 283677854 363 11940 SH SOLE 11940.000 0 0 Emerson Electric Co. COM 291011104 256 4385 SH SOLE 4385.000 0 0 EnCana Corp. COM 292505104 2001 57960 SH SOLE 57960.000 0 0 Enpro Industries Inc. COM 29355x107 57547 1584431 SH SOLE 1518711.000 0 65720.000 Enterprise Products COM 293792107 487 11320 SH SOLE 11320.000 0 0 Partners Epoch Hldg Corp COM 29428r103 41128 2606340 SH SOLE 2520640.000 0 85700.000 Equity Lifestyles COM 29472R108 379 6580 SH SOLE 6580.000 0 0 Properties, Equity Residential COM 29476l107 258 4578.729 SH SOLE 4578.729 0 0 Properties Evercore Partners Inc. - COM 29977a105 15259 445000 SH SOLE 445000.000 0 0 CL A Everest RE Group COM G3223R108 220 2500 SH SOLE 2500.000 0 0 Exco Resources Inc. COM 269279402 1157 56000 SH SOLE 56000.000 0 0 Express Scripts Inc. COM 302182100 359 6460 SH SOLE 6460.000 0 0 Exterran Holdings, Inc. COM 30225x103 30454 1283370 SH SOLE 1241780.000 0 41590.000 Exxon Corp COM 30231G102 362 4300.258 SH SOLE 4300.258 0 0 FMC Corp. COM 302491303 6444 75870 SH SOLE 75870.000 0 0 FMC Technologies COM 30249u101 7995 84620 SH SOLE 84620.000 0 0 FRESENIUS MEDCRE AG&CO COM 358029106 1485 22000 SH SOLE 22000.000 0 0 SPONSOR Federal Signal Corp. COM 313855108 26940 4138270 SH SOLE 4075440.000 0 62830.000 Federal-Mogul Corp. COM 313549404 9412 378000 SH SOLE 378000.000 0 0 Federated Investors, Inc. COM 314211103 42209 1577910 SH SOLE 1496720.000 0 81190.000 Fidelity National Info COM 31620m106 7116 217666 SH SOLE 213814.000 0 3852.000 Fidelity Natl Finl Inc COM 31620r105 1461 103393 SH SOLE 97993.000 0 5400.000 First American Financial COM 31847R102 49212 2982565 SH SOLE 2836825.000 0 145740.000 First Niagara Financial COM 33582v108 48457 3568242 SH SOLE 3418242.000 0 150000.000 FirstMerit Corp. COM 337915102 15623 915209 SH SOLE 836469.000 0 78740.000 Flotek Industries Inc. COM 343389102 2691 320000 SH SOLE 320000.000 0 0 Flowers Foods Inc COM 343498101 55148 2025264.742 SH SOLE 1916423.742 0 108841.000 Flowserve Corp. COM 34354p105 34028 264191 SH SOLE 249881.000 0 14310.000 Foot Locker, Inc. COM 344849104 18797 953205 SH SOLE 950705.000 0 2500.000 Forestar Group, Inc. COM 346233109 43152 2268757 SH SOLE 2179856.000 0 88901.000 Foster L B Co. COM 350060109 62455 1448730 SH SOLE 1399040.000 0 49690.000 Foster Wheeler AG COM H27178104 66376 1764391 SH SOLE 1708651.000 0 55740.000 Franklin Elec Inc COM 353514102 20922 452864 SH SOLE 452864.000 0 0 GAMCO Invs Inc COM 361438104 17292 373000 SH SOLE 373000.000 0 0 GP Strategies Corp. COM 36225v104 204 15000 SH SOLE 15000.000 0 0 Gardner Denver Inc COM 365558105 33982 435500 SH SOLE 435500.000 0 0 Gaylord Entmt Co. COM 367905106 51588 1487555 SH SOLE 1467305.000 0 20250.000 Generac Holdings, Inc. COM 368736104 1704 84000 SH SOLE 84000.000 0 0 General Cable Corp. COM 369300108 31739 733000 SH SOLE 733000.000 0 0 Genesee & Wyoming COM 371559105 71342 1225810 SH SOLE 1180710.000 0 45100.000 Genworth Financial COM 37247d106 3264 242520 SH SOLE 242520.000 0 0 Glacier Bancorp Inc COM 37637q105 2048 136050 SH SOLE 136050.000 0 0 Goldman Sachs Group Inc. COM 38141G104 317 2000 SH SOLE 2000.000 0 0 Goodyear Tire & Rubber COM 382550101 2097 140000 SH SOLE 140000.000 0 0 Government Properties COM 38376a103 500 18600 SH SOLE 18600.000 0 0 Income T Greenbrier Cos Inc COM 393657101 54735 1928650 SH SOLE 1928650.000 0 0 Greenhill & Co Inc. COM 395259104 21151 321500 SH SOLE 321500.000 0 0 Gulfport Energy Corp. COM 402635304 1445 40000 SH SOLE 40000.000 0 0 HCC Insurance Holdings COM 404132102 46530 1486100 SH SOLE 1481100.000 0 5000.000 Halliburton Co COM 406216101 1322 26515 SH SOLE 26515.000 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Hanesbrands Inc COM 410345102 40496 1497615 SH SOLE 1396445.000 0 101170.000 Hanger Orthopedic Group COM 41043f208 37204 1429258 SH SOLE 1383558.000 0 45700.000 Hanover Ins Group Inc COM 410867105 49779 1100085 SH SOLE 1071585.000 0 28500.000 Harry Winston Diamond Corp COM 41587b100 3878 239700 SH SOLE 239700.000 0 0 Harsco Corp COM 415864107 1073 30400 SH SOLE 30400.000 0 0 Haynes Intl Inc. COM 420877201 36015 649500 SH SOLE 649500.000 0 0 Healthcare Realty Trust COM 421946104 283 12450 SH SOLE 12450.000 0 0 Henry Jack & Assoc. Inc. COM 426281101 380 11220 SH SOLE 11220.000 0 0 Henry Schein Inc. COM 806407102 4776 68060 SH SOLE 66760.000 0 1300.000 Hercules Offshore Inc. COM 427093109 2049 310000 SH SOLE 310000.000 0 0 Hill-Rom Holdings Inc COM 431475102 65688 1729545 SH SOLE 1648155.000 0 81390.000 HomeFederal Bancorp COM 43710G105 17666 1499649 SH SOLE 1471704.000 0 27945.000 Honeywell COM 438516106 382 6400 SH SOLE 0 0 6400.000 Howard Hughes Corporation COM 44267d107 17830 252412 SH SOLE 252412.000 0 0 IBM COM 459200101 520 3190 SH SOLE 3190.000 0 0 ICG Inc COM 45928h106 2091 185000 SH SOLE 185000.000 0 0 ISHARES INC MSCI BRAZIL COM 464286400 402 5184.642 SH SOLE 5184.642 0 0 ISHARES TR BARCLYS 1-3YR CR COM 464288646 423 4050 SH SOLE 4050.000 0 0 IShares Barclays TIPS Bond COM 464287176 390 3575 SH SOLE 3575.000 0 0 Fun IShares Inc MSCI Australia COM 464286103 715 26871.282 SH SOLE 26871.282 0 0 Ind IShares Inc MSCI Canada COM 464286509 635 18889.847 SH SOLE 18889.847 0 0 Index IShares Russell 2000 COM 464287655 2981 35420.223 SH SOLE 35420.223 0 0 IShares Silver Tr COM 46428q109 1986 54000 SH SOLE 54000.000 0 0 IShares TR FTSE Xinhua HK COM 464287184 350 7787.74 SH SOLE 7787.740 0 0 Chin ITC Holdings Corp COM 465685105 66815 955860 SH SOLE 913010.000 0 42850.000 ITT Corp. COM 450911102 5401 89945 SH SOLE 89945.000 0 0 Iberiabank Corp. COM 450828108 58318 969870 SH SOLE 935130.000 0 34740.000 Ingersoll Rand COM G47791101 2527 52300 SH SOLE 46300.000 0 6000.000 Integrys Energy Group Inc COM 45822P105 2515 49800 SH SOLE 49800.000 0 0 Invesco Ltd. COM G491BT108 5664 221601 SH SOLE 221601.000 0 0 Ishares Tr Russell 2000 COM 464287630 4197 55672 SH SOLE 49172.000 0 6500.000 Value Itau Unibanco Banco COM 465562106 301 12500 SH SOLE 12500.000 0 0 Multiplo S JMP Group, Inc. COM 46629u107 179 20800 SH SOLE 20800.000 0 0 JP Morgan Chase & Co COM 46625h100 1912 41480 SH SOLE 41480.000 0 0 JP Morgan Chase Warrants COM 46634e114 671 40000 SH SOLE 40000.000 0 0 exp 1 Jarden Corporation COM 471109108 2613 73470 SH SOLE 73470.000 0 0 Jefferies Group Inc. COM 472319102 1496 60000 SH SOLE 60000.000 0 0 John Bean Tech, Corp. COM 477839104 31969 1662432 SH SOLE 1615232.000 0 47200.000 Joy Global Inc COM 481165108 53243 538840.335 SH SOLE 530640.335 0 8200.000 KBR Inc. COM 48242w106 2840 75185 SH SOLE 73185.000 0 2000.000 Kaiser Aluminum Corp New COM 483007704 55001 1116772 SH SOLE 1077532.000 0 39240.000 Kaman Corp COM 483548103 34878 990860 SH SOLE 990860.000 0 0 Kansas City Southern COM 485170302 75775 1391637 SH SOLE 1334057.000 0 57580.000 Kaydon Corp. COM 486587108 32684 834000 SH SOLE 834000.000 0 0 Kinder Morgan Energy COM 494550106 416 5610 SH SOLE 5610.000 0 0 Partners Koppers Holdings Inc. COM 50060p106 59990 1404913 SH SOLE 1380023.000 0 24890.000 Kraft Foods Inc COM 50075N104 2006 63960 SH SOLE 63960.000 0 0 Kronos Worldwide Inc COM 50105f105 1169 20000 SH SOLE 20000.000 0 0 Layne Christensen Company COM 521050104 36870 1068700 SH SOLE 1068700.000 0 0 Lazard Ltd. COM g54050102 5401 129900 SH SOLE 129900.000 0 0 Legg Mason, Inc. COM 524901105 40323 1117290 SH SOLE 1113690.000 0 3600.000 Lender Processing Services COM 52602e102 1159 36020 SH SOLE 36020.000 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Leucadia National COM 527288104 5451 145205 SH SOLE 142405.000 0 2800.000 Littlefuse Inc. COM 537008104 19557 342500 SH SOLE 342500.000 0 0 Lufkin Inds. Inc COM 549764108 53149 568620 SH SOLE 568620.000 0 0 MANITEX INTL INC COM COM 563420108 94 17000 SH SOLE 17000.000 0 0 MARKWEST ENERGY PARTNR COM 570759100 276 5700 SH SOLE 5700.000 0 0 UNIT LT MB Financial Inc COM 55264u108 524 25000 SH SOLE 25000.000 0 0 MF Global Hldgs LTD COM 55277j108 14943 1804699 SH SOLE 1804699.000 0 0 MGIC Invst Corp. COM 552848103 710 79810 SH SOLE 73410.000 0 6400.000 MGM Resorts International COM 552953101 6526 496270 SH SOLE 496270.000 0 0 MSC Industrial Direct Co. COM 553530106 305 4450 SH SOLE 4450.000 0 0 Inc. MTS Systems Corp. COM 553777103 486 10660 SH SOLE 10660.000 0 0 Mac-Gray Corp COM 554153106 2254 139749 SH SOLE 139749.000 0 0 Madison Square Garden Inc COM 55826p100 27558 1021050 SH SOLE 989550.000 0 31500.000 Magnetek Inc. COM 559424106 39 17700 SH SOLE 17700.000 0 0 Maidenform Brands Inc COM 560305104 26699 934500 SH SOLE 934500.000 0 0 Manitowoc Company Inc. COM 563571108 6137 280500 SH SOLE 280500.000 0 0 Marcus Corp. COM 566330106 24216 2221650 SH SOLE 2221650.000 0 0 Marketaxess Hldgs Inc COM 57060d108 36164 1495000 SH SOLE 1495000.000 0 0 Martin Marietta COM 573284106 2321 25887 SH SOLE 22687.000 0 3200.000 Matererials In Materion Corp Com COM 576690101 38189 936000 SH SOLE 936000.000 0 0 McDermott International COM 580037109 68035 2679591 SH SOLE 2577131.000 0 102460.000 Mead Johnson Nutrition Co. COM 582839106 1361 23500 SH SOLE 23500.000 0 0 Meadowbrook Insurance Group COM 58319p108 514 49690 SH SOLE 49690.000 0 0 Medical Properties Trust, COM 58463j304 656 56734.078 SH SOLE 56734.078 0 0 Inc. Meridian Bioscience Inc COM 589584101 414 17240 SH SOLE 17240.000 0 0 MetLife Inc COM 59156r108 292 6536 SH SOLE 6536.000 0 0 Methode Electronics, Inc. COM 591520200 1534 127000 SH SOLE 127000.000 0 0 Micron Technology COM 595112103 2065 180000 SH SOLE 180000.000 0 0 Microsoft Corp COM 594918104 254 10000 SH SOLE 10000.000 0 0 Midas Inc. COM 595626102 9645 1257500 SH SOLE 1257500.000 0 0 NCR Corp COM 62886e108 29485 1565000 SH SOLE 1565000.000 0 0 National Fuel & Gas Co COM 636180101 6832 92320 SH SOLE 92320.000 0 0 National Presto COM 637215104 14610 129655 SH SOLE 129655.000 0 0 Industries, In Natural Gas Services Grp COM 63886q109 23834 1342000 SH SOLE 1342000.000 0 0 Inc. Neenah Paper COM 640079109 15544 707514 SH SOLE 707514.000 0 0 NewAlliance Bancshares Inc COM 650203102 890 60000 SH SOLE 60000.000 0 0 Newell Rubbermaid COM 651229106 300 15670 SH SOLE 15670.000 0 0 Nordic American Tanker COM g65773106 470 18920 SH SOLE 18920.000 0 0 Northwest Bancshares, Inc. COM 667340103 22446 1789920 SH SOLE 1664650.000 0 125270.000 Northwestern Corporation COM 668074305 522 17240 SH SOLE 17240.000 0 0 Novo-Nordisk A/S COM 670100205 352 2813 SH SOLE 2813.000 0 0 NuStar Energy, L.P. COM 67058h102 391 5762 SH SOLE 5762.000 0 0 OBA Financial Services Inc. COM 67424g101 290 19984 SH SOLE 19984.000 0 0 OGE Energy Corp. COM 670837103 2091 41350 SH SOLE 41350.000 0 0 ONEOK PARTNERS LP UNIT LTD COM 68268n103 428 5200 SH SOLE 5200.000 0 0 PAR OXIGENE INC COM COM 691828305 33 19000 SH SOLE 19000.000 0 0 Oasis Petroleum Inc COM 674215108 21713 686700 SH SOLE 674200.000 0 12500.000 Orient Express Hotels COM g67743107 28912 2337265 SH SOLE 2296415.000 0 40850.000 Oriental Financial Group COM 68618w100 251 20000 SH SOLE 20000.000 0 0 Inc. Oritani Financial Corp. COM 68633d103 22225 1752740 SH SOLE 1705740.000 0 47000.000 Oshkosh Corporation COM 688239201 1557 44000 SH SOLE 44000.000 0 0 Owens & Minor Inc. COM 690732102 252 7745 SH SOLE 7745.000 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- PHH Corp. COM 693320202 44008 2021520 SH SOLE 1959940.000 0 61580.000 PIMCO MUNICIPAL INC FD COM COM 72200R107 136 10237 SH SOLE 10237.000 0 0 PLATINUM GROUP METALS COM COM 72765q205 39 20000 SH SOLE 20000.000 0 0 NEW POWERSHARES ETF TR II COM 73937b407 1589 63100 SH SOLE 63100.000 0 0 BUILD AM POWERSHARES GLB ETF FD S&P COM 73936g308 378 17866.426 SH SOLE 17866.426 0 0 500 PROSHARES TR ULTRASHT SP500 COM 74347r883 2092 100000 SH SOLE 100000.000 0 0 Partnerre Ltd COM g6852t105 16711 210890 SH SOLE 210890.000 0 0 Patterson Companies Inc. COM 703395103 41141 1278065 SH SOLE 1224105.000 0 53960.000 Peabody Energy Corp COM 704549104 685 9515 SH SOLE 9515.000 0 0 Penn Millers Holding Corp. COM 707561106 163 11500 SH SOLE 11500.000 0 0 Penske Automotive Gr Inc COM 70959w103 38660 1931080 SH SOLE 1824150.000 0 106930.000 Perrigo Company COM 714290103 45142 567680 SH SOLE 556180.000 0 11500.000 Petrohawk Energy COM 716495106 58841 2397758 SH SOLE 2305528.000 0 92230.000 Petsmart, Inc. COM 716768106 42850 1046390 SH SOLE 1034890.000 0 11500.000 Pfizer Inc. COM 717081103 1850 91075 SH SOLE 91075.000 0 0 Pharmamerica Corp. COM 71714f104 252 22000 SH SOLE 22000.000 0 0 Pioneer Natural Resources COM 723787107 1337 13115 SH SOLE 9615.000 0 3500.000 Plains All American COM 726503105 786 12335 SH SOLE 12335.000 0 0 Pipeline L Plains Expl & Prod Co COM 726505100 6677 184305 SH SOLE 175505.000 0 8800.000 Platinum ETF Shares COM 26922v101 237 1350 SH SOLE 1350.000 0 0 Popular Inc COM 733174106 175 60000 SH SOLE 60000.000 0 0 Portland General Electric COM 736508847 2169 91250 SH SOLE 91250.000 0 0 Co. Powershares DB Agriculture COM 73936b408 1712 50000 SH SOLE 50000.000 0 0 Powershares QQQ Trust COM 73935a104 5780 100639 SH SOLE 100639.000 0 0 PriceSmart, Inc. COM 741511109 398 10870 SH SOLE 10870.000 0 0 Proshares Ultrashort QQQ COM 74347x237 418 8200 SH SOLE 8200.000 0 0 Protective Life Corp. COM 743674103 766 28840 SH SOLE 28840.000 0 0 Providence & Worcester RR COM 743737108 6526 390983 SH SOLE 381083.000 0 9900.000 Provident Financial COM 74386t105 20424 1380000 SH SOLE 1380000.000 0 0 Pulte Group Inc. COM 745867101 259 35000 SH SOLE 35000.000 0 0 Pzena Investment Management COM 74731q103 4070 576500 SH SOLE 576500.000 0 0 QEP Resources Inc. COM 74733v100 5392 133010 SH SOLE 133010.000 0 0 Quanex Corp. COM 747619104 31850 1622500 SH SOLE 1622500.000 0 0 Quanta Services Inc COM 74762E102 40336 1798320 SH SOLE 1798320.000 0 0 Questar Corp COM 748356102 28104 1610560 SH SOLE 1568860.000 0 41700.000 RBC Bearings Inc. COM 75524b104 36762 961600 SH SOLE 953000.000 0 8600.000 RG Barry Corp COM 068798107 453 34590 SH SOLE 34590.000 0 0 RPM International Inc. COM 749685103 295 12435 SH SOLE 12435.000 0 0 RailAmerica Inc. COM 750753402 21349 1252900 SH SOLE 1215200.000 0 37700.000 Ralcorp Holdings Inc COM 751028101 57272 836937 SH SOLE 795597.000 0 41340.000 Range Resources Corp. COM 75281a109 51841 886780 SH SOLE 883780.000 0 3000.000 Red Robin Gourmet Burgers COM 75689m101 1670 62100 SH SOLE 62100.000 0 0 Regal Beloit Corp. COM 758750103 47666 645620 SH SOLE 620650.000 0 24970.000 Reinsurance Group of COM 759351604 36317 578480 SH SOLE 578480.000 0 0 America Resolute Energy Corp. COM 76116A108 13709 755715 SH SOLE 755715.000 0 0 Richardson Electronics, COM 763165107 489 37130 SH SOLE 37130.000 0 0 Ltd. Robbins & Myers Inc COM 770196103 51808 1126500 SH SOLE 1126500.000 0 0 Rock-Tenn Company COM 772739207 2574 37110 SH SOLE 37110.000 0 0 Rockville Financial, Inc. COM 774188106 5238 502200 SH SOLE 477200.000 0 25000.000 Rydex ETF Tr COM 78355w106 353 7000 SH SOLE 7000.000 0 0 SI Financial Group Inc. COM 78425v104 170 17245 SH SOLE 17245.000 0 0 SOLTA MED INC COM COM 83438K103 33 10000 SH SOLE 10000.000 0 0 SPDR KBW Regional Bank ETF COM 78464a698 980 36790 SH SOLE 34080.000 0 2710.000
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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- SPDR Trust Ser 1 Unit COM 78462f103 37490 282750 SH SOLE 282750.000 0 0 SUPERVALU, Inc. COM 868536103 112 12500 SH SOLE 12500.000 0 0 Sabra Health Care REIT COM 78573l106 443 25170 SH SOLE 25170.000 0 0 Safeguard Scientifics Inc. COM 786449207 1565 76900 SH SOLE 76900.000 0 0 Saks Holdings Inc COM 79377W108 19923 1761500 SH SOLE 1761500.000 0 0 Sally Beauty Holdings Inc COM 79546e104 64646 4614265 SH SOLE 4385655.000 0 228610.000 Sandridge Energy, Inc. COM 80007p307 4224 330000 SH SOLE 330000.000 0 0 Scotts Co COM 810186106 223 3860 SH SOLE 3860.000 0 0 Seadrill Ltd COM g7945e105 721 20000 SH SOLE 20000.000 0 0 Shaw Group Inc COM 820280105 40305 1138250 SH SOLE 1138250.000 0 0 Shire PLC COM 82481r106 314 3605 SH SOLE 3605.000 0 0 Smith A O Corp COM 831865209 17631 397635 SH SOLE 381935.000 0 15700.000 Snap On Inc COM 833034101 5977 99515 SH SOLE 98415.000 0 1100.000 Solutia Inc. COM 834376501 14491 570510 SH SOLE 516130.000 0 54380.000 South Jersey Inds Inc. COM 838518108 14885 265945 SH SOLE 265945.000 0 0 Southern Copper Corp COM 84265v105 805 20000 SH SOLE 20000.000 0 0 Sovran Self Storage, Inc. COM 84610H108 450 11390 SH SOLE 11390.000 0 0 Stage Stores Inc COM 85254c305 198 10310 SH SOLE 10310.000 0 0 Standard Parking Corp COM 853790103 10709 603000 SH SOLE 603000.000 0 0 Summit Hotel Properties, COM 866082100 384 38670 SH SOLE 38670.000 0 0 Inc. Sun Hydraulics Corporation COM 866942105 37260 864500 SH SOLE 864500.000 0 0 Suntrust Banks Inc COM 867914103 2195 76095 SH SOLE 70695.000 0 5400.000 Superior Industrials COM 868168105 541 21110 SH SOLE 21110.000 0 0 Internati Swisher Hygiene Inc. COM 870808102 3478 566010 SH SOLE 566010.000 0 0 TAL International Group, COM 874083108 296 8150 SH SOLE 8150.000 0 0 Inc. Teledyne COM 879360105 32944 637100 SH SOLE 637100.000 0 0 Temple-Inland, Inc. COM 879868107 7041 300900 SH SOLE 287200.000 0 13700.000 Tennant Co COM 880345103 53031 1261452 SH SOLE 1231802.000 0 29650.000 Teradata Corp. COM 88076W103 9309 183605 SH SOLE 183605.000 0 0 Terex Corp. COM 880779103 50178 1354700 SH SOLE 1338300.000 0 16400.000 Territorial Bancorp, Inc. COM 88145x108 10827 543535 SH SOLE 543535.000 0 0 Texas Industries COM 882491103 61168 1352385 SH SOLE 1317565.000 0 34820.000 Textainer Group Hldgs LTD COM g8766e109 765 20590 SH SOLE 20590.000 0 0 Thomas & Betts Corp. COM 884315102 14210 238940 SH SOLE 224490.000 0 14450.000 Timken Co. COM 887389104 33854 647296.624 SH SOLE 592586.624 0 54710.000 Titan Intl. Inc. COM 88830m102 54195 2036650 SH SOLE 2036650.000 0 0 Toll Brothers, Inc. COM 889478103 830 42000 SH SOLE 42000.000 0 0 Tootsie Roll Inds COM 890516107 26684 940888 SH SOLE 940888.000 0 0 Torchmark Corp COM 891027104 299 4500 SH SOLE 4500.000 0 0 Total System Services, Inc. COM 891906109 297 16480 SH SOLE 16480.000 0 0 Travelers Inc. COM 89417e109 280 4700 SH SOLE 4700.000 0 0 Treehouse Foods Inc COM 89469a104 59592 1047858 SH SOLE 1015628.000 0 32230.000 Trinity Biotech ADR COM 896438306 151 16100 SH SOLE 16100.000 0 0 Trinity Indus Inc. COM 896522109 74479 2031063 SH SOLE 1966353.000 0 64710.000 Tyco Intl Inc. COM h89128104 2343 52332 SH SOLE 52332.000 0 0 U.S. Physical Therapy, Inc. COM 90337l108 1606 71900 SH SOLE 71900.000 0 0 Union Pacific Corp COM 907818108 3566 36261 SH SOLE 36261.000 0 0 Unit Corp COM 909218109 1425 23000 SH SOLE 23000.000 0 0 United States Nat Gas Fund COM 912318110 1846 160500 SH SOLE 160500.000 0 0 United States Oil Fund COM 91232n108 2467 57900 SH SOLE 57900.000 0 0 United Technlogies COM 913017109 267 3150 SH SOLE 3150.000 0 0 Universal Stainless COM 913837100 23712 703000 SH SOLE 703000.000 0 0 Vail Resorts Inc. COM 91879q109 67152 1377197 SH SOLE 1329287.000 0 47910.000 Valmont Inds. Inc. COM 920253101 34964 335000 SH SOLE 335000.000 0 0 Vanguard Bond In COM 921937827 212 2650 SH SOLE 2650.000 0 0 Vectren Corp COM 92240G101 27966 1028155 SH SOLE 972885.000 0 55270.000 Viewpoint Finl Group COM 92672a101 18568 1428287 SH SOLE 1365487.000 0 62800.000
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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Virtus Investment Partners COM 92828Q109 295 5000 SH SOLE 5000.000 0 0 Visa Inc. COM 92826c839 353 4800 SH SOLE 4800.000 0 0 Visteon Corp COM 92839u206 6605 105695 SH SOLE 101595.000 0 4100.000 W.R. Berkley Corp. COM 084423102 31593 980845 SH SOLE 980845.000 0 0 W.R. Grace COM 38388F108 54598 1425900 SH SOLE 1392300.000 0 33600.000 WAYSIDE TECH GROUP INC COM COM 946760105 169 12300 SH SOLE 12300.000 0 0 WILLIAMS PARTNERS L P COM COM 96950f104 420 8100 SH SOLE 8100.000 0 0 UNIT Wabco Holdings Inc COM 92927k102 3297 53490 SH SOLE 48590.000 0 4900.000 Wabtec Corp. COM 929740108 97803 1441878 SH SOLE 1383328.000 0 58550.000 Waddell & Reed Fin Cl A COM 930059100 42113 1037000 SH SOLE 1037000.000 0 0 Walter Energy, Inc. COM 93317Q105 74458 549790.932 SH SOLE 528880.932 0 20910.000 Walter Investment COM 93317w102 29602 1835207.435 SH SOLE 1800315.435 0 34892.000 Management Warner Chilcott, Ltd. COM g94368100 219 9415 SH SOLE 9415.000 0 0 Watts Water Technologies COM 942749102 35307 924500 SH SOLE 924500.000 0 0 Cl A Westar Energy Inc COM 95709t100 52382 1982667.122 SH SOLE 1875417.122 0 107250.000 Westfield Financial Inc. COM 96008p104 24626 2718075 SH SOLE 2652045.000 0 66030.000 Westwood Hldg Group COM 961765104 2857 70980 SH SOLE 70980.000 0 0 Willbros Group Inc COM 969203108 2672 244700 SH SOLE 244700.000 0 0 Williams Cos. COM 969457100 2602 83440 SH SOLE 83440.000 0 0 Wintrust Financial Corp COM 97650W108 44332 1206300 SH SOLE 1173400.000 0 32900.000 Wisconsin Energy Corp. COM 976657106 3761 123300 SH SOLE 123300.000 0 0 World Fuel Services Corp. COM 981475106 981 24160 SH SOLE 24160.000 0 0 World Wrestling Entmnt Inc. COM 98156q108 129 10270 SH SOLE 10270.000 0 0 Wright Express COM 98233q105 81595 1573983 SH SOLE 1497253.000 0 76730.000 Wyndham Worldwide COM 98310w108 69133 2173317 SH SOLE 2082917.000 0 90400.000 Zep Inc. COM 98944b108 30140 1731166 SH SOLE 1709766.000 0 21400.000 MARKWEST ENERGY PARTNR UNIT LTD PARTN 570759100 288 5950 SH SOLE 5950.000 0 0 UNIT LT HARTFORD FINL SVCS WT EXP WT 416515120 642 35000 SH SOLE 35000.00 0 0 0626