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: 6/30/2011 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: 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 submission. 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 8/12/2011 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. 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: 408 Form 13F Information Table Value Total: $ 6,130,313 -------------- (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 322 8310 SH SOLE 8310.000 0 0 AECOM Technology COM 00766t100 33811 1236675 SH SOLE 1236675.000 0 0 AGCO Corp. COM 001084102 1728 35000 SH SOLE 35000.000 0 0 AK Steel Hldg Corp COM 001547108 1497 95000 SH SOLE 95000.000 0 0 AMCOL International Corp COM 02341W103 38972 1021285 SH SOLE 1021285.000 0 0 AON Corp. COM 037389103 2170 42305 SH SOLE 42305.000 0 0 ARCADIA RES INC COM COM 039209101 3 40000 SH SOLE 40000.000 0 0 Aaron's Inc. COM 002535300 3269 115665 SH SOLE 113865.000 0 1800.000 Ace Ltd. COM H0023r105 1804 27405 SH SOLE 27405.000 0 0 Acuity Brands Inc COM 00508y102 64058 1148405 SH SOLE 1092535.000 0 55870.000 Advance Auto Parts, Inc. COM 00751y106 2006 34290 SH SOLE 34290.000 0 0 Agilent Technologies COM 00846u101 474 9280 SH SOLE 9280.000 0 0 Allete Inc COM 018522300 29278 713406 SH SOLE 665266.000 0 48140.000 Allstate Corp COM 020002101 1830 59950 SH SOLE 59950.000 0 0 Alpha Natural Resource COM 02076x102 20401 448957 SH SOLE 448957.000 0 0 Amerco COM 023586100 42239 439300 SH SOLE 437200.000 0 2100.000 American Campus Communities COM 024835100 525 14780 SH SOLE 14780.000 0 0 American Water Works Co., COM 030420103 6061 205795 SH SOLE 202655.000 0 3140.000 Inc. Ameriprise Financial COM 03076c106 3572 61925 SH SOLE 56925.000 0 5000.000 AmerisourceBergen Corp COM 03073e105 48854 1180050 SH SOLE 1146650.000 0 33400.000 Ampco Pittsburgh COM 032037103 21801 929700 SH SOLE 929700.000 0 0 Aptargroup COM 038336103 4497 85910 SH SOLE 85110.000 0 800.000 Aqua America Inc COM 03836w103 437 19890 SH SOLE 19890.000 0 0 Arbitron, Inc. COM 03875q108 18558 449030 SH SOLE 423330.000 0 25700.000 Arch Chemicals Inc. COM 03937r102 37732 1095585 SH SOLE 1067115.000 0 28470.000 Arlington Asset Investment COM 041356205 208 6640 SH SOLE 6640.000 0 0 Cp Arthur J. Gallagher & Co. COM 363576109 13695 479845 SH SOLE 451035.000 0 28810.000 Ashland Inc. COM 044209104 42755 661632 SH SOLE 656032.000 0 5600.000 Avis Budget Group COM 053774105 43652 2554222 SH SOLE 2421762.000 0 132460.000 Azz Incorporated COM 002474104 29862 652000 SH SOLE 652000.000 0 0 B & G FOODS INC NEW CL A COM 05508R106 562 27270 SH SOLE 27270.000 0 0 BOARDWALK PIPELIN PTNR UT COM 096627104 272 9372.504 SH SOLE 9372.504 0 0 LTD BOISE INC COM COM 09746y105 78 10000 SH SOLE 10000.000 0 0 BOK Financial Corp COM 05561q201 1431 26120 SH SOLE 26120.000 0 0 Babcock & Wilcox Co. COM 05615F102 48745 1759097 SH SOLE 1672537.000 0 86560.000 BancorpSouth, Inc. COM 059692103 423 34050 SH SOLE 34050.000 0 0 Bank of America COM 060505104 1538 140350.578 SH SOLE 140350.578 0 0 Bank of Nova Scotia Halifax COM 064149107 519 8630 SH SOLE 8630.000 0 0 BankFinancial Corp COM 06643p104 833 98300 SH SOLE 98300.000 0 0 Barclays Bk Plc IPath Index COM 06738c778 600 12700 SH SOLE 12700.000 0 0 Baytex Energy Tr Unit COM 07317q105 373 6844 SH SOLE 6844.000 0 0 Beacon Federal Bancorp, COM 073582108 259 18500 SH SOLE 18500.000 0 0 Inc. Belo Corporation COM 080555105 11653 1547560 SH SOLE 1538260.000 0 9300.000 Bemis Company Inc COM 081437105 897 26540 SH SOLE 26540.000 0 0 Beneficial Mut Bancorp Inc. COM 08173r104 7106 865040 SH SOLE 772920.000 0 92120.000 Berry Petroleum Co. COM 085789105 32962 620410 SH SOLE 620410.000 0 0 Briggs & Straton COM 109043109 1668 84000 SH SOLE 84000.000 0 0 Brinks Co COM 109696104 31360 1051298 SH SOLE 995328.000 0 55970.000 Bristow Group Inc. COM 110394103 436 8540 SH SOLE 8540.000 0 0 Broadridge Fincl Sol COM 11133t103 63072 2620345 SH SOLE 2497045.000 0 123300.000 Brookline Bancorp Inc COM 11373m107 10012 1080000 SH SOLE 1080000.000 0 0 Bucyrus International COM 118759109 2292 25000 SH SOLE 25000.000 0 0 C I T Group COM 125581801 8665 195770 SH SOLE 185770.000 0 10000.000 CBOE Holdings, Inc. COM 12503M108 22092 898032 SH SOLE 847362.000 0 50670.000 CME Group, Inc. COM 12572q105 1246 4273 SH SOLE 4273.000 0 0 CNO Financial Group, Inc. COM 12621E103 3575 452000.98 SH SOLE 452000.980 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- CROSSTEX ENERGY INC COM COM 22765Y104 595 50000 SH SOLE 50000.000 0 0 Calpine Corporation COM 131347304 2393 148385 SH SOLE 145185.000 0 3200.000 Canadian Pacific COM 13645t100 479 7690 SH SOLE 7690.000 0 0 Cantel Medical Corp COM 138098108 573 21310 SH SOLE 21310.000 0 0 Capitol Federal Financial COM 14057j101 27950 2376688 SH SOLE 2188398.000 0 188290.000 Cardinal Health Inc. COM 14149Y108 4580 100840 SH SOLE 100840.000 0 0 CareFusion Corp. COM 14170T101 5116 188290 SH SOLE 185990.000 0 2300.000 Carrizo Oil & Gas Inc COM 144577103 49647 1189154 SH SOLE 1158334.000 0 30820.000 Caterpillar COM 149123101 231 2170 SH SOLE 2170.000 0 0 Chemtura Corporation COM 163893209 38439 2112053 SH SOLE 1965623.000 0 146430.000 Chicago Bridge & Iron COM 167250109 76471 1965833.133 SH SOLE 1872033.133 0 93800.000 Cincinnati Bell Inc COM 171871106 2067 622500 SH SOLE 622500.000 0 0 Circor Intl Inc COM 17273k109 44244 1033014.248 SH SOLE 990264.248 0 42750.000 Clearwater Paper Corp. COM 18538r103 22595 330910 SH SOLE 330910.000 0 0 Cleco Corp. COM 12561w105 2703 77550 SH SOLE 77550.000 0 0 Cliffs Natural Resources COM 18683k101 1174 12700 SH SOLE 12700.000 0 0 Inc Cloud Peak Energy, Inc. COM 18911q102 7668 360000 SH SOLE 360000.000 0 0 Colfax Corporation COM 194014106 55797 2249891 SH SOLE 2240891.000 0 9000.000 Comerica COM 200340107 276 7970 SH SOLE 7970.000 0 0 Communications Systems, COM 203900105 519 28960 SH SOLE 28960.000 0 0 Inc. Compass Minerals Intl. Inc. COM 20451n101 11394 132382 SH SOLE 117122.000 0 15260.000 Comstock Resources COM 205768203 864 30000 SH SOLE 30000.000 0 0 Concho Resources Inc COM 20605p101 1681 18300 SH SOLE 18300.000 0 0 Consol Energy Inc. COM 20854P109 4219 87030 SH SOLE 85510.000 0 1520.000 Contango Oil and Gas Co. COM 21075n204 38547 659600 SH SOLE 659600.000 0 0 Continental Resources Inc. COM 212015101 37047 570740 SH SOLE 569740.000 0 1000.000 CoreLogic, Inc. COM 21871d103 49158 2941854 SH SOLE 2816084.000 0 125770.000 Covanta Holding Corp. COM 22282e102 4063 246400 SH SOLE 246400.000 0 0 Covidien Ltd. COM g2554f113 4313 81020 SH SOLE 81020.000 0 0 DR Horton Inc COM 23331A109 749 65000 SH SOLE 65000.000 0 0 Dana Holding Corporation COM 235825205 36629 2001584 SH SOLE 1914774.000 0 86810.000 Darling International, Inc. COM 237266101 4809 271700 SH SOLE 246800.000 0 24900.000 Dean Foods Co. COM 242370104 19944 1625436 SH SOLE 1625436.000 0 0 Deltic Timber Corp COM 247850100 47939 892875.835 SH SOLE 853790.835 0 39085.000 Deluxe Corp. COM 248019101 376 15200 SH SOLE 15200.000 0 0 Denny's Corporation COM 24869p104 34577 8911562 SH SOLE 8705512.000 0 206050.000 Dentsply International, COM 249030107 1293 33950 SH SOLE 33950.000 0 0 Inc. Destination Maternity Corp. COM 25065D100 408 20400 SH SOLE 20400.000 0 0 Diamond Foods, Inc. COM 252603105 29538 386926 SH SOLE 386926.000 0 0 Dillard Inc. COM 254067101 2388 45800 SH SOLE 45800.000 0 0 DineEquity Inc. COM 254423106 46253 884892 SH SOLE 858892.000 0 26000.000 Direx Dly Energy Bear 3X COM 25459w342 423 29000 SH SOLE 29000.000 0 0 Direxion Daily Small Cap COM 25459w110 1803 52000 SH SOLE 52000.000 0 0 Bear Discover Financial Svc COM 254709108 4961 185465 SH SOLE 185465.000 0 0 Dollar General Corp COM 256677105 2650 78205 SH SOLE 76005.000 0 2200.000 Dollar Tree Stores Inc COM 256746108 4650 69795 SH SOLE 69795.000 0 0 Donnelly RR & Sons. Co. COM 257867101 37091 1891435 SH SOLE 1878335.000 0 13100.000 Dover Corp. COM 260003108 1512 22300 SH SOLE 22300.000 0 0 Dr Pepper Snapple Group COM 26138e109 819 19540 SH SOLE 19540.000 0 0 Dresser Rand Group Inc COM 261608103 44330 824737 SH SOLE 800257.000 0 24480.000 Drew Industries Inc. COM 26168l205 1837 74300 SH SOLE 74300.000 0 0 Dril Quip Inc. COM 262037104 33284 490700 SH SOLE 476000.000 0 14700.000 DuPont E.I. DeNemours COM 263534109 349 6455 SH SOLE 6455.000 0 0 Duff & Phelps COM 26433b107 707 55125 SH SOLE 51625.000 0 3500.000 Dynex Capital, Inc. COM 26817q506 432 44670 SH SOLE 44670.000 0 0 ENBRIDGE ENERGY PRTNRS COM COM 29250r106 289 9600 SH SOLE 9600.000 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- ENERGY TRANSFER PRTNRS COM 29273r109 391 8000 SH SOLE 8000.000 0 0 UNIT LT EOG Resources Inc COM 26875p101 1719 16440.058 SH SOLE 16440.058 0 0 ESSA BANCORP INC COM COM 29667d104 124 10000 SH SOLE 10000.000 0 0 ETF TR AGRIBUS ETF COM 57060u605 571 10615 SH SOLE 10615.000 0 0 EXTERRAN PARTNERS LP COM COM 30225n105 372 14500 SH SOLE 14500.000 0 0 UNITS Eastern Insurance Inc. COM 276534104 779 58920 SH SOLE 58920.000 0 0 Eaton Corp COM 278058102 1235 24000 SH SOLE 24000.000 0 0 Einstein Noah Restaurant COM 28257u104 426 28430 SH SOLE 28430.000 0 0 Group El Paso Electric Co. COM 283677854 582 18020 SH SOLE 18020.000 0 0 EnCana Corp. COM 292505104 1808 58710 SH SOLE 58710.000 0 0 Enpro Industries Inc. COM 29355x107 69042 1436288 SH SOLE 1375268.000 0 61020.000 Enterprise Products COM 293792107 489 11320 SH SOLE 11320.000 0 0 Partners Epoch Hldg Corp COM 29428r103 44977 2519722 SH SOLE 2472722.000 0 47000.000 Equity Lifestyles COM 29472R108 442 7080 SH SOLE 7080.000 0 0 Properties, Equity Residential COM 29476l107 230 3832.646 SH SOLE 3832.646 0 0 Properties Evercore Partners Inc. - COM 29977a105 14827 445000 SH SOLE 445000.000 0 0 CL A Everest RE Group COM G3223R108 204 2500 SH SOLE 2500.000 0 0 Exco Resources Inc. COM 269279402 988 56000 SH SOLE 56000.000 0 0 Express Scripts Inc. COM 302182100 349 6460 SH SOLE 6460.000 0 0 Exterran Holdings, Inc. COM 30225x103 24630 1242065 SH SOLE 1203155.000 0 38910.000 Exxon Corp COM 30231G102 350 4300 SH SOLE 4300.000 0 0 FMC Corp. COM 302491303 4982 57920 SH SOLE 57920.000 0 0 FMC Technologies COM 30249u101 4959 110720 SH SOLE 110720.000 0 0 Federal Signal Corp. COM 313855108 27085 4128821 SH SOLE 4063491.000 0 65330.000 Federal-Mogul Corp. COM 313549404 9783 428500 SH SOLE 428500.000 0 0 Federated Investors, Inc. COM 314211103 40442 1696403 SH SOLE 1610213.000 0 86190.000 Fidelity National Info COM 31620m106 6610 214671 SH SOLE 210819.000 0 3852.000 Fidelity Natl Finl Inc COM 31620r105 1594 101257 SH SOLE 95857.000 0 5400.000 First American Financial COM 31847R102 46176 2950513 SH SOLE 2807173.000 0 143340.000 First Niagara Financial COM 33582v108 46354 3511683 SH SOLE 3364383.000 0 147300.000 FirstMerit Corp. COM 337915102 13171 797742 SH SOLE 719002.000 0 78740.000 Flotek Industries Inc. COM 343389102 2471 290000 SH SOLE 290000.000 0 0 Flowers Foods Inc COM 343498101 61164 2775136.112 SH SOLE 2614824.612 0 160311.500 Flowserve Corp. COM 34354p105 13930 126762 SH SOLE 115352.000 0 11410.000 Foot Locker, Inc. COM 344849104 26448 1113145 SH SOLE 1109645.000 0 3500.000 Forestar Group, Inc. COM 346233109 36969 2250061 SH SOLE 2159170.000 0 90891.000 Foster L B Co. COM 350060109 47205 1434379 SH SOLE 1384689.000 0 49690.000 Foster Wheeler AG COM H27178104 50757 1670736 SH SOLE 1612196.000 0 58540.000 Franklin Elec Inc COM 353514102 21791 464129 SH SOLE 464129.000 0 0 Franklin Financial Corp. COM 35353c102 664 55060 SH SOLE 55060.000 0 0 Fresenius Medical Care AG COM 358029106 1705 22829 SH SOLE 22829.000 0 0 GAMCO Invs Inc COM 361438104 17312 374000 SH SOLE 374000.000 0 0 GP Strategies Corp. COM 36225v104 205 15000 SH SOLE 15000.000 0 0 Gardner Denver Inc COM 365558105 30174 359000 SH SOLE 359000.000 0 0 Gaylord Entmt Co. COM 367905106 42218 1407255 SH SOLE 1384005.000 0 23250.000 Generac Holdings, Inc. COM 368736104 1649 85000 SH SOLE 85000.000 0 0 General Cable Corp. COM 369300108 30360 713000 SH SOLE 713000.000 0 0 Genesee & Wyoming COM 371559105 63923 1090100 SH SOLE 1056800.000 0 33300.000 Genworth Financial COM 37247d106 154 15000 SH SOLE 15000.000 0 0 Glacier Bancorp Inc COM 37637q105 1870 138750 SH SOLE 138750.000 0 0 Goodyear Tire & Rubber COM 382550101 1929 115000 SH SOLE 115000.000 0 0 Government Properties COM 38376a103 543 20100 SH SOLE 20100.000 0 0 Income T
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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Greenbrier Cos Inc COM 393657101 33980 1719650 SH SOLE 1719650.000 0 0 Greenhill & Co Inc. COM 395259104 17303 321500 SH SOLE 321500.000 0 0 Gulfport Energy Corp. COM 402635304 36146 1217446 SH SOLE 1155376.000 0 62070.000 HCC Insurance Holdings COM 404132102 42763 1357570 SH SOLE 1352570.000 0 5000.000 Halliburton Co COM 406216101 1355 26575 SH SOLE 26575.000 0 0 Hanesbrands Inc COM 410345102 43257 1515115 SH SOLE 1413845.000 0 101270.000 Hanger Orthopedic Group COM 41043f208 36036 1472648 SH SOLE 1423348.000 0 49300.000 Hanover Ins Group Inc COM 410867105 41939 1112138 SH SOLE 1072588.000 0 39550.000 Harry Winston Diamond Corp COM 41587b100 4665 280700 SH SOLE 280700.000 0 0 Harsco Corp COM 415864107 1031 31640 SH SOLE 31640.000 0 0 Haynes Intl Inc. COM 420877201 35114 567000 SH SOLE 567000.000 0 0 Healthcare Realty Trust COM 421946104 430 20850 SH SOLE 20850.000 0 0 Henry Jack & Assoc. Inc. COM 426281101 376 12520 SH SOLE 12520.000 0 0 Henry Schein Inc. COM 806407102 4837 67570 SH SOLE 66270.000 0 1300.000 Hercules Offshore Inc. COM 427093109 21607 3921346 SH SOLE 3908746.000 0 12600.000 Hill-Rom Holdings Inc COM 431475102 73641 1599492 SH SOLE 1521452.000 0 78040.000 HomeFederal Bancorp COM 43710G105 16419 1493989 SH SOLE 1466044.000 0 27945.000 Howard Hughes Corporation COM 44267d107 18531 284912 SH SOLE 284912.000 0 0 IBM COM 459200101 890 5190 SH SOLE 5190.000 0 0 INERGY L P UNIT LTD PTNR COM 456615103 383 10839 SH SOLE 10839.000 0 0 ISHARES INC MSCI BRAZIL COM 464286400 381 5192.12 SH SOLE 5192.120 0 0 ISHARES TR BARCLYS 1-3YR CR COM 464288646 467 4450 SH SOLE 4450.000 0 0 IShares Barclays TIPS Bond COM 464287176 396 3575 SH SOLE 3575.000 0 0 Fun IShares Inc MSCI Australia COM 464286103 694 26646.713 SH SOLE 26646.713 0 0 Ind IShares Inc MSCI Canada COM 464286509 598 18896.727 SH SOLE 18896.727 0 0 Index IShares Russell 2000 COM 464287655 2304 27820.223 SH SOLE 27820.223 0 0 IShares TR FTSE Xinhua HK COM 464287184 335 7796.198 SH SOLE 7796.198 0 0 Chin ITC Holdings Corp COM 465685105 62373 869070 SH SOLE 825370.000 0 43700.000 ITT Corp. COM 450911102 5240 88920 SH SOLE 88920.000 0 0 Iberiabank Corp. COM 450828108 53517 928471 SH SOLE 894731.000 0 33740.000 Iconix Brand Group Inc. COM 451055107 7330 302900 SH SOLE 302900.000 0 0 Ingersoll Rand COM G47791101 2284 50300 SH SOLE 44300.000 0 6000.000 Integrys Energy Group Inc COM 45822P105 2582 49800 SH SOLE 49800.000 0 0 Invesco Ltd. COM G491BT108 7115 304071 SH SOLE 304071.000 0 0 Iron Mountain, Inc. COM 462846106 9137 268040 SH SOLE 250690.000 0 17350.000 Ishares Tr Russell 2000 COM 464287630 1417 19300 SH SOLE 12300.000 0 7000.000 Value Itau Unibanco Banco COM 465562106 294 12500 SH SOLE 12500.000 0 0 Multiplo S JMP Group, Inc. COM 46629u107 146 20800 SH SOLE 20800.000 0 0 JP Morgan Chase & Co COM 46625h100 1915 46780 SH SOLE 46780.000 0 0 Jarden Corporation COM 471109108 2993 86720 SH SOLE 86720.000 0 0 Jefferies Group Inc. COM 472319102 1224 60000 SH SOLE 60000.000 0 0 John Bean Tech, Corp. COM 477839104 32650 1689952 SH SOLE 1637552.000 0 52400.000 Joy Global Inc COM 481165108 46027 483275 SH SOLE 474075.000 0 9200.000 KBR Inc. COM 48242w106 2751 72985 SH SOLE 70985.000 0 2000.000 KMG Chemicals Inc. COM 482564101 369 21900 SH SOLE 21900.000 0 0 Kaiser Aluminum Corp New COM 483007704 56902 1041775 SH SOLE 996135.000 0 45640.000 Kaman Corp COM 483548103 32486 915860 SH SOLE 915860.000 0 0 Kansas City Southern COM 485170302 73253 1234666 SH SOLE 1177386.000 0 57280.000 Kaydon Corp. COM 486587108 29856 800000 SH SOLE 800000.000 0 0 Kinder Morgan Energy COM 494550106 386 5310 SH SOLE 5310.000 0 0 Partners Koppers Holdings Inc. COM 50060p106 46662 1230212 SH SOLE 1203222.000 0 26990.000 Kraft Foods Inc COM 50075N104 2278 64660 SH SOLE 64660.000 0 0 Kronos Worldwide Inc COM 50105f105 629 20000 SH SOLE 20000.000 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Layne Christensen Company COM 521050104 31372 1034000 SH SOLE 1034000.000 0 0 Lazard Ltd. COM g54050102 5261 141805 SH SOLE 141805.000 0 0 Legg Mason, Inc. COM 524901105 33473 1021770 SH SOLE 1018170.000 0 3600.000 Leucadia National COM 527288104 4834 141747 SH SOLE 138947.000 0 2800.000 Littlefuse Inc. COM 537008104 23664 403000 SH SOLE 403000.000 0 0 Lufkin Inds. Inc COM 549764108 36108 419620 SH SOLE 419620.000 0 0 MARKWEST ENERGY PARTNR COM 570759100 275 5700 SH SOLE 5700.000 0 0 UNIT LT MB Financial Inc COM 55264u108 481 25000 SH SOLE 25000.000 0 0 MF Global Hldgs LTD COM 55277j108 20889 2698799 SH SOLE 2631699.000 0 67100.000 MGM Resorts International COM 552953101 6668 504780 SH SOLE 504780.000 0 0 MSC Industrial Direct Co. COM 553530106 341 5150 SH SOLE 5150.000 0 0 Inc. MTS Systems Corp. COM 553777103 488 11660 SH SOLE 11660.000 0 0 Madison Square Garden COM 55826p100 28330 1029050 SH SOLE 1018050.000 0 11000.000 Magnetek Inc. COM 559424106 32 17700 SH SOLE 17700.000 0 0 Magnum Hunter Res COM 55973b102 5802 858273 SH SOLE 858273.000 0 0 Maidenform Brands Inc COM 560305104 25240 912500 SH SOLE 912500.000 0 0 Manitowoc Company Inc. COM 563571108 4446 264000 SH SOLE 264000.000 0 0 Marcus Corp. COM 566330106 20502 2075067 SH SOLE 2075067.000 0 0 Marketaxess Hldgs Inc COM 57060d108 34645 1382500 SH SOLE 1382500.000 0 0 Martin Marietta COM 573284106 1042 13032 SH SOLE 10632.000 0 2400.000 Matererials In Materion Corp Com COM 576690101 31517 852500 SH SOLE 852500.000 0 0 McDermott International COM 580037109 48921 2469492 SH SOLE 2377932.000 0 91560.000 Mead Johnson Nutrition Co. COM 582839106 1587 23500 SH SOLE 23500.000 0 0 Meadowbrook Insurance Group COM 58319p108 542 54690 SH SOLE 54690.000 0 0 Medical Properties Trust, COM 58463j304 684 59511.8 SH SOLE 59511.800 0 0 Inc. Medtronic Inc. COM 585055106 1676 43510 SH SOLE 43510.000 0 0 Meridian Bioscience Inc COM 589584101 449 18640 SH SOLE 18640.000 0 0 MetLife Inc COM 59156r108 287 6536 SH SOLE 6536.000 0 0 Methode Electronics, Inc. COM 591520200 1625 140000 SH SOLE 140000.000 0 0 Midas Inc. COM 595626102 5691 900500 SH SOLE 900500.000 0 0 NATURAL RESOURCE PRTNR COM COM 63900p103 398 12000 SH SOLE 12000.000 0 0 UNI NBTY, Inc. COM 628782104 0 12000 SH SOLE 12000.000 0 0 NCR Corp COM 62886e108 29563 1565000 SH SOLE 1565000.000 0 0 National Fuel & Gas Co COM 636180101 6277 86220 SH SOLE 86220.000 0 0 National Presto COM 637215104 12093 119155 SH SOLE 119155.000 0 0 Industries, In Natural Gas Services Grp COM 63886q109 21646 1339500 SH SOLE 1339500.000 0 0 Inc. Neenah Paper COM 640079109 8860 416353 SH SOLE 416353.000 0 0 NewAlliance Bancshares Inc COM 650203102 728 60000 SH SOLE 60000.000 0 0 Nordic American Tanker COM g65773106 473 20820 SH SOLE 20820.000 0 0 Northwest Bancshares, Inc. COM 667340103 22055 1753153 SH SOLE 1631883.000 0 121270.000 Northwestern Corporation COM 668074305 620 18740 SH SOLE 18740.000 0 0 NuStar Energy, L.P. COM 67058h102 373 5763.04 SH SOLE 5763.040 0 0 OBA Financial Services Inc. COM 67424g101 296 19984 SH SOLE 19984.000 0 0 OGE Energy Corp. COM 670837103 2025 40240 SH SOLE 40240.000 0 0 ONEOK PARTNERS LP UNIT LTD COM 68268n103 444 5200 SH SOLE 5200.000 0 0 PAR OXIGENE INC COM COM 691828305 47 19000 SH SOLE 19000.000 0 0 Oasis Petroleum Inc COM 674215108 26169 881700 SH SOLE 866200.000 0 15500.000 OceanFirst Financial Corp COM 675234108 227 17500 SH SOLE 17500.000 0 0 Orient Express Hotels COM g67743107 20250 1883715 SH SOLE 1851865.000 0 31850.000 Oriental Financial Group COM 68618w100 258 20000 SH SOLE 20000.000 0 0 Inc. Oritani Financial Corp. COM 68633d103 24106 1884750 SH SOLE 1838650.000 0 46100.000
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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Oshkosh Corporation COM 688239201 1679 58000 SH SOLE 58000.000 0 0 Owens & Minor Inc. COM 690732102 302 8745 SH SOLE 8745.000 0 0 PHH Corp. COM 693320202 40927 1994470 SH SOLE 1930890.000 0 63580.000 PIMCO MUNICIPAL INC FD COM COM 72200r107 136 10237 SH SOLE 10237.000 0 0 POWERSHARES ETF TR II COM 73937b407 1865 71750 SH SOLE 71750.000 0 0 BUILD AM POWERSHARES GLB ETF FD S&P COM 73936g308 377 17871.726 SH SOLE 17871.726 0 0 500 PRIMO WTR CORP COM COM 74165n105 576 40000 SH SOLE 40000.000 0 0 PROSHARES TR ULTRASHT SP500 COM 74347r883 2064 100000 SH SOLE 100000.000 0 0 Partnerre Ltd COM g6852t105 13732 199450 SH SOLE 199450.000 0 0 Patriot Coal Corp. COM 70336t104 1558 70000 SH SOLE 70000.000 0 0 Patterson Companies Inc. COM 703395103 40072 1218357 SH SOLE 1163497.000 0 54860.000 Peabody Energy Corp COM 704549104 566 9615 SH SOLE 9615.000 0 0 Penn Millers Holding Corp. COM 707561106 194 11500 SH SOLE 11500.000 0 0 Penske Automotive Gr Inc COM 70959w103 45646 2007306 SH SOLE 1887176.000 0 120130.000 Perrigo Company COM 714290103 43755 497955 SH SOLE 489355.000 0 8600.000 Petrohawk Energy COM 716495106 55324 2242559 SH SOLE 2151729.000 0 90830.000 Petsmart, Inc. COM 716768106 44603 983100 SH SOLE 972400.000 0 10700.000 Pfizer Inc. COM 717081103 2175 105570 SH SOLE 105570.000 0 0 Pharmamerica Corp. COM 71714f104 281 22000 SH SOLE 22000.000 0 0 Pioneer Natural Resources COM 723787107 1108 12365 SH SOLE 8865.000 0 3500.000 Plains All American COM 726503105 770 12035 SH SOLE 12035.000 0 0 Pipeline L Plains Expl & Prod Co COM 726505100 7026 184305 SH SOLE 175505.000 0 8800.000 Popular Inc COM 733174106 166 60000 SH SOLE 60000.000 0 0 Portland General Electric COM 736508847 2307 91250 SH SOLE 91250.000 0 0 Co. Powershares DB Agriculture COM 73936b408 635 20000 SH SOLE 20000.000 0 0 Powershares QQQ Trust COM 73935a104 5741 100639 SH SOLE 100639.000 0 0 PriceSmart, Inc. COM 741511109 593 11570 SH SOLE 11570.000 0 0 Proshares Ultrashort QQQ COM 74347x237 413 8200 SH SOLE 8200.000 0 0 Protective Life Corp. COM 743674103 593 25620 SH SOLE 25620.000 0 0 Providence & Worcester RR COM 743737108 5259 370868 SH SOLE 364968.000 0 5900.000 Provident Financial COM 74386t105 19762 1380000 SH SOLE 1380000.000 0 0 Pulte Group Inc. COM 745867101 268 35000 SH SOLE 35000.000 0 0 Pzena Investment Management COM 74731q103 511 90000 SH SOLE 90000.000 0 0 QEP Resources Inc. COM 74733v100 5526 132110 SH SOLE 132110.000 0 0 Quanex Corp. COM 747619104 22372 1365000 SH SOLE 1365000.000 0 0 Quanta Services Inc COM 74762E102 3352 165960 SH SOLE 165960.000 0 0 Questar Corp COM 748356102 29327 1655980 SH SOLE 1606580.000 0 49400.000 RBC Bearings Inc. COM 75524b104 31911 845100 SH SOLE 836500.000 0 8600.000 RG Barry Corp COM 068798107 421 37290 SH SOLE 37290.000 0 0 RPM International Inc. COM 749685103 319 13836.758 SH SOLE 13836.758 0 0 RailAmerica Inc. COM 750753402 19850 1323300 SH SOLE 1275800.000 0 47500.000 Ralcorp Holdings Inc COM 751028101 1212 14000 SH SOLE 14000.000 0 0 Range Resources Corp. COM 75281a109 42235 760990 SH SOLE 760990.000 0 0 Red Robin Gourmet Burgers COM 75689m101 4146 113970 SH SOLE 111370.000 0 2600.000 Regal Beloit Corp. COM 758750103 39576 592728 SH SOLE 568658.000 0 24070.000 Reinsurance Group of COM 759351604 32076 527050 SH SOLE 527050.000 0 0 America Resolute Energy Corp. COM 76116A108 15234 942715 SH SOLE 942715.000 0 0 Richardson Electronics, COM 763165107 540 39730 SH SOLE 39730.000 0 0 Ltd. Robbins & Myers Inc COM 770196103 50657 958500 SH SOLE 958500.000 0 0 Rock-Tenn Company COM 772739207 15884 239430 SH SOLE 239430.000 0 0 Rockville Financial Inc. COM 774188106 7783 786200 SH SOLE 734700.000 0 51500.000 SOLTA MED INC COM COM 83438k103 28 10000 SH SOLE 10000.000 0 0 SPDR Gold Trust COM 78463v107 340 2330 SH SOLE 2330.000 0 0 SPDR Trust Ser 1 Unit COM 78462f103 37410 283475.617 SH SOLE 283475.617 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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- SUNTECH PWR HLDGS CO ADR COM 86800c104 157 20000 SH SOLE 20000.000 0 0 SUPERVALU, Inc. COM 868536103 40479 4301739 SH SOLE 4187219.000 0 114520.000 Sabra Health Care REIT COM 78573l106 242 14470 SH SOLE 14470.000 0 0 Safeguard Scientifics Inc. COM 786449207 1735 91900 SH SOLE 91900.000 0 0 Saks Holdings Inc COM 79377W108 19676 1761500 SH SOLE 1761500.000 0 0 Sally Beauty Holdings Inc COM 79546e104 69675 4074555 SH SOLE 3851345.000 0 223210.000 Sandridge Energy, Inc. COM 80007p307 3736 350500 SH SOLE 350500.000 0 0 Sara Lee Corp COM 803111103 1051 55360 SH SOLE 55360.000 0 0 Seadrill Ltd COM g7945e105 529 15000 SH SOLE 15000.000 0 0 Shaw Group Inc COM 820280105 26101 864000 SH SOLE 864000.000 0 0 Shire PLC COM 82481r106 215 2285 SH SOLE 2285.000 0 0 Si Financial Group Inc. COM 78425v104 174 17245 SH SOLE 17245.000 0 0 Smith A O Corp COM 831865209 24187 571795 SH SOLE 549595.000 0 22200.000 Snap On Inc COM 833034101 6219 99530 SH SOLE 98430.000 0 1100.000 Solutia Inc. COM 834376501 12678 554817 SH SOLE 500437.000 0 54380.000 South Jersey Inds Inc. COM 838518108 17914 329845 SH SOLE 329845.000 0 0 Sovran Self Storage, Inc. COM 84610H108 512 12490 SH SOLE 12490.000 0 0 Sprint Nextel Corp Fon Shs COM 852061100 1833 340000 SH SOLE 340000.000 0 0 Stag Industrial Inc. COM 85254j102 376 30730 SH SOLE 30730.000 0 0 Stage Stores Inc COM 85254c305 210 12510 SH SOLE 12510.000 0 0 Standard Parking Corp COM 853790103 7744 484878 SH SOLE 484878.000 0 0 Summit Hotel Properties, COM 866082100 549 48400 SH SOLE 48400.000 0 0 Inc. Sun Hydraulics Corporation COM 866942105 36041 754000 SH SOLE 754000.000 0 0 Suntrust Banks Inc COM 867914103 1984 76895 SH SOLE 71495.000 0 5400.000 Superior Industrials COM 868168105 509 23010 SH SOLE 23010.000 0 0 Internati TEEKAY OFFSHORE PTN LP COM y8565j101 205 7000 SH SOLE 7000.000 0 0 PARTNER Teekay LNG Partners LP COM Y8564M105 259 7000 SH SOLE 7000.000 0 0 Teledyne COM 879360105 31027 616100 SH SOLE 616100.000 0 0 Temple-Inland, Inc. COM 879868107 1160 39000 SH SOLE 39000.000 0 0 Tennant Co COM 880345103 46900 1174560 SH SOLE 1145210.000 0 29350.000 Teradata Corp. COM 88076W103 8724 144925 SH SOLE 144925.000 0 0 Terex Corp. COM 880779103 37932 1333300 SH SOLE 1310900.000 0 22400.000 Territorial Bancorp, Inc. COM 88145x108 11853 572035 SH SOLE 572035.000 0 0 Texas Industries COM 882491103 49698 1193792 SH SOLE 1165192.000 0 28600.000 Textainer Group Hldgs LTD COM g8766e109 697 22690 SH SOLE 22690.000 0 0 Thomas & Betts Corp. COM 884315102 13141 244030 SH SOLE 228480.000 0 15550.000 Timken Co. COM 887389104 31481 624615.624 SH SOLE 565105.624 0 59510.000 Titan Intl. Inc. COM 88830m102 43393 1788650 SH SOLE 1788650.000 0 0 Toll Brothers, Inc. COM 889478103 871 42000 SH SOLE 42000.000 0 0 Tootsie Roll Inds COM 890516107 22980 785388 SH SOLE 785388.000 0 0 Torchmark Corp COM 891027104 289 4500 SH SOLE 4500.000 0 0 Total System Services, Inc. COM 891906109 342 18380 SH SOLE 18380.000 0 0 Travelers Inc. COM 89417e109 274 4700 SH SOLE 4700.000 0 0 Treehouse Foods Inc COM 89469a104 53784 984883 SH SOLE 951853.000 0 33030.000 Trinity Biotech ADR COM 896438306 160 16100 SH SOLE 16100.000 0 0 Trinity Indus Inc. COM 896522109 63803 1829215 SH SOLE 1757605.000 0 71610.000 Twin Disc, Inc. COM 901476101 3255 84250 SH SOLE 82250.000 0 2000.000 Tyco Intl Inc. COM h89128104 2527 51132 SH SOLE 51132.000 0 0 U.S. Physical Therapy, Inc. COM 90337l108 1888 76340 SH SOLE 76340.000 0 0 Union Pacific Corp COM 907818108 3709 35531 SH SOLE 35531.000 0 0 Unit Corp COM 909218109 1353 22200 SH SOLE 22200.000 0 0 United Technlogies COM 913017109 327 3700 SH SOLE 3700.000 0 0 Universal Stainless COM 913837100 32592 697000 SH SOLE 697000.000 0 0 Vail Resorts Inc. COM 91879q109 60847 1316473 SH SOLE 1267163.000 0 49310.000 Valmont Inds. Inc. COM 920253101 31086 322500 SH SOLE 322500.000 0 0 Vanguard Bond In COM 921937827 271 3350 SH SOLE 3350.000 0 0 Vectren Corp COM 92240G101 27039 970542 SH SOLE 915372.000 0 55170.000
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 --------------------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ---------- Viewpoint Finl Group COM 92672a101 26948 1952758 SH SOLE 1847148.000 0 105610.000 Virtus Investment Partners COM 92828Q109 304 5000 SH SOLE 5000.000 0 0 Visa Inc. COM 92826c839 343 4065 SH SOLE 4065.000 0 0 Visteon Corp COM 92839u206 7263 106175 SH SOLE 101575.000 0 4600.000 Vitrotech Corp COM 92851m108 0 30000 SH SOLE 30000.000 0 0 W.R. Berkley Corp. COM 084423102 30271 933125 SH SOLE 933125.000 0 0 W.R. Grace COM 38388F108 57667 1263800 SH SOLE 1233000.000 0 30800.000 WILLIAMS PARTNERS L P COM COM 96950f104 439 8100 SH SOLE 8100.000 0 0 UNIT Wabco Holdings Inc COM 92927k102 2854 41320 SH SOLE 37020.000 0 4300.000 Wabtec Corp. COM 929740108 85923 1307411 SH SOLE 1246861.000 0 60550.000 Waddell & Reed Fin Cl A COM 930059100 32533 895000 SH SOLE 895000.000 0 0 Walter Energy, Inc. COM 93317Q105 57777 498941.932 SH SOLE 478331.932 0 20610.000 Walter Investment COM 93317w102 45144 2034446.435 SH SOLE 1993254.435 0 41192.000 Management Warner Chilcott, Ltd. COM g94368100 271 11235 SH SOLE 11235.000 0 0 Watts Water Technologies COM 942749102 29373 829500 SH SOLE 829500.000 0 0 Cl A Westar Energy Inc COM 95709t100 28434 1056624.122 SH SOLE 951474.122 0 105150.000 Westfield Financial Inc. COM 96008p104 21798 2684472 SH SOLE 2618442.000 0 66030.000 Westwood Hldg Group COM 961765104 2704 70980 SH SOLE 70980.000 0 0 Willbros Group Inc COM 969203108 467 54700 SH SOLE 54700.000 0 0 Williams Cos. COM 969457100 2521 83340 SH SOLE 83340.000 0 0 Winn-Dixie Stores Inc. COM 974280307 1601 189500 SH SOLE 189500.000 0 0 Wintrust Financial Corp COM 97650W108 38947 1210300 SH SOLE 1174400.000 0 35900.000 Wisconsin Energy Corp. COM 976657106 4972 158600 SH SOLE 158600.000 0 0 World Fuel Services Corp. COM 981475106 929 25860 SH SOLE 25860.000 0 0 Wright Express COM 98233q105 73481 1411205 SH SOLE 1336475.000 0 74730.000 Wyndham Worldwide COM 98310w108 67079 1993428 SH SOLE 1901728.000 0 91700.000 Zale Corp COM 988858106 1624 290000 SH SOLE 290000.000 0 0 Zep Inc. COM 98944b108 34666 1834195 SH SOLE 1806195.000 0 28000.000 MARKWEST ENERGY PARTNR UNIT LTD PARTN 570759100 215 4450 SH SOLE 4450.000 0 0 UNIT LT