The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM COM 88579Y101 641 4,475 SH   SOLE   1,760 0 2,715
ACE LTD SHS COM H0023R105 16,349 157,658 SH   SOLE   57,705 0 99,953
ADVANCED CELL TECHNOLOGY INC C COM 00752K105 4 60,000 SH   SOLE   60,000 0 0
AECOM TECHNOLOGY CORP DELAWARE COM 00766T100 347 10,785 SH   SOLE   0 0 10,785
AETNA INC NEW COM COM 00817Y108 43,047 530,916 SH   SOLE   213,421 0 317,495
AFLAC INC COM COM 001055102 444 7,132 SH   SOLE   7,132 0 0
AGCO CORP COM COM 001084102 60,174 1,070,336 SH   SOLE   640,972 0 429,364
ALTRIA GROUP INC COM COM 02209S103 19,735 470,547 SH   SOLE   204,499 0 266,048
AMDOCS LTD SHS COM G02602103 366 7,895 SH   SOLE   0 0 7,895
AMERICAN CAPITAL AGENCY CORP C COM 02503X105 83,215 3,554,664 SH   SOLE   2,041,897 0 1,512,767
AMERICAN INTL GROUP INC COM NE COM 026874784 30,952 567,086 SH   SOLE   268,505 0 298,581
AMGEN INC COM COM 031162100 63,388 535,509 SH   SOLE   230,601 0 304,908
ANADARKO PETE CORP COM COM 032511107 465 4,249 SH   SOLE   4,249 0 0
ANNALY CAP MGMT INC COM COM 035710409 884 77,307 SH   SOLE   44,462 0 32,845
ANWORTH MORTGAGE ASSET CP COM COM 037347101 4,074 789,482 SH   SOLE   276,847 0 512,635
ANWORTH MORTGAGE ASSET CP COM COM 037347101 104 20,250 SH   DFND 1 20,250 0 0
APACHE CORP COM COM 037411105 51,263 509,474 SH   SOLE   197,043 0 312,431
APPLE INC COM COM 037833100 61,773 664,721 SH   SOLE   258,705 0 406,016
ARCHER DANIELS MIDLAND CO COM COM 039483102 288 6,519 SH   SOLE   6,519 0 0
ARMOUR RESIDENTIAL REIT INC CO COM 042315101 2,420 558,873 SH   SOLE   195,713 0 363,160
ARMOUR RESIDENTIAL REIT INC CO COM 042315101 62 14,345 SH   DFND 1 14,345 0 0
ASSURED GUARANTY LTD COM COM G0585R106 83,127 3,392,926 SH   SOLE   2,028,415 0 1,364,511
ASTORIA FINL CORP COM COM 046265104 3,995 297,047 SH   SOLE   107,277 0 189,770
ASTORIA FINL CORP COM COM 046265104 103 7,635 SH   DFND 1 7,635 0 0
AT&T INC COM COM 00206R102 309 8,730 SH   SOLE   8,730 0 0
AVX CORP NEW COM COM 002444107 4,410 332,044 SH   SOLE   118,428 0 213,616
AVX CORP NEW COM COM 002444107 114 8,565 SH   DFND 1 8,565 0 0
BANK OF AMERICA CORPORATION CO COM 060505104 62,475 4,064,727 SH   SOLE   1,717,862 0 2,346,865
BARRETT BUSINESS SERVICES INC COM 068463108 3,130 66,600 SH   SOLE   23,780 0 42,820
BARRETT BUSINESS SERVICES INC COM 068463108 81 1,720 SH   DFND 1 1,720 0 0
BERKSHIRE HATHAWAY INC DEL CL COM 084670702 101,113 798,937 SH   SOLE   333,970 0 464,967
BIGLARI HLDGS INC COM COM 08986R101 6,039 14,278 SH   SOLE   5,212 0 9,066
BIGLARI HLDGS INC COM COM 08986R101 152 360 SH   DFND 1 360 0 0
BIOTIME INC COM COM 09066L105 61 20,100 SH   SOLE   20,100 0 0
BLACKROCK GLOBAL OPP EQTY TR C COM 092501105 1,352 89,852 SH   SOLE   71,102 0 18,750
BOEING CO COM COM 097023105 947 7,443 SH   SOLE   7,343 0 100
BRISTOL MYERS SQUIBB CO COM COM 110122108 2,063 42,531 SH   SOLE   17,266 0 25,265
CALAMOS STRATEGIC TOTL RETN FD COM 128125101 123 10,200 SH   SOLE   200 0 10,000
CAPITAL ONE FINL CORP COM COM 14040H105 47,844 579,225 SH   SOLE   235,332 0 343,893
CELESTICA INC SUB VTG SHS COM 15101Q108 5,012 399,005 SH   SOLE   140,895 0 258,110
CELESTICA INC SUB VTG SHS COM 15101Q108 128 10,205 SH   DFND 1 10,205 0 0
CENTERSTATE BANKS INC COM COM 15201P109 3,172 283,199 SH   SOLE   102,499 0 180,700
CENTERSTATE BANKS INC COM COM 15201P109 80 7,140 SH   DFND 1 7,140 0 0
CHARTER FINL CORP MD COM COM 16122W108 3,588 323,275 SH   SOLE   116,449 0 206,826
CHARTER FINL CORP MD COM COM 16122W108 92 8,295 SH   DFND 1 8,295 0 0
CHECK POINT SOFTWARE TECH LTD COM M22465104 86,558 1,291,327 SH   SOLE   775,355 0 515,972
CHESAPEAKE ENERGY CORP COM COM 165167107 213 6,854 SH   SOLE   6,854 0 0
CHEVRON CORP NEW COM COM 166764100 39,135 299,767 SH   SOLE   121,780 0 177,987
CHIPMOS TECH BERMUDA LTD SHS COM G2110R114 5,195 215,301 SH   SOLE   76,099 0 139,202
CHIPMOS TECH BERMUDA LTD SHS COM G2110R114 133 5,515 SH   DFND 1 5,515 0 0
CIGNA CORPORATION COM COM 125509109 276 3,000 SH   SOLE   3,000 0 0
CISCO SYS INC COM COM 17275R102 85,677 3,447,769 SH   SOLE   1,472,715 0 1,975,054
CITIGROUP INC COM NEW COM 172967424 88,933 1,888,173 SH   SOLE   758,013 0 1,130,160
CLIFTON BANCORP INC COM COM 186873105 4,105 324,020 SH   SOLE   123,583 0 200,437
CLIFTON BANCORP INC COM COM 186873105 100 7,926 SH   DFND 1 7,926 0 0
CMS ENERGY CORP COM COM 125896100 421 13,500 SH   SOLE   13,500 0 0
COASTWAY BANCORP INC COM COM 190632109 190 17,355 SH   SOLE   17,355 0 0
COMPUTER SCIENCES CORP COM COM 205363104 25,771 407,763 SH   SOLE   173,276 0 234,487
CONOCOPHILLIPS COM COM 20825C104 2,279 26,582 SH   SOLE   18,657 0 7,925
COSTCO WHSL CORP NEW COM COM 22160K105 227 1,970 SH   SOLE   1,970 0 0
COVIDIEN PLC SHS COM G2554F113 294 3,256 SH   SOLE   3,256 0 0
CVS CAREMARK CORPORATION COM COM 126650100 43,280 574,235 SH   SOLE   232,533 0 341,702
CYS INVTS INC COM COM 12673A108 939 104,140 SH   SOLE   13,780 0 90,360
DEERE & CO COM COM 244199105 27,962 308,797 SH   SOLE   149,885 0 158,912
DENBURY RES INC COM NEW COM 247916208 100,817 5,461,359 SH   SOLE   3,278,534 0 2,182,825
DEVON ENERGY CORP NEW COM COM 25179M103 72,690 915,493 SH   SOLE   396,882 0 518,611
DIANA SHIPPING INC COM COM Y2066G104 109 10,000 SH   SOLE   10,000 0 0
DILLARDS INC CL A COM 254067101 64,558 553,619 SH   SOLE   331,379 0 222,240
DIRECTV COM COM 25490A309 20,164 237,192 SH   SOLE   104,502 0 132,690
DISH NETWORK CORP CL A COM 25470M109 70,754 1,087,188 SH   SOLE   650,392 0 436,796
DISNEY WALT CO COM DISNEY COM 254687106 368 4,294 SH   SOLE   0 0 4,294
E M C CORP MASS COM COM 268648102 58,840 2,233,870 SH   SOLE   897,468 0 1,336,402
EATON CORP PLC SHS COM G29183103 301 3,895 SH   SOLE   0 0 3,895
EATON VANCE TX ADV GLBL DIV FD COM 27828S101 213 12,110 SH   SOLE   2,065 0 10,045
EATON VANCE TX MGD DIV EQ INCM COM 27828N102 874 74,665 SH   SOLE   1,065 0 73,600
EMERGENT BIOSOLUTIONS INC COM COM 29089Q105 3,532 157,260 SH   SOLE   59,389 0 97,871
EMERGENT BIOSOLUTIONS INC COM COM 29089Q105 88 3,910 SH   DFND 1 3,910 0 0
ENDO INTL PLC SHS COM g30401106 67,586 965,245 SH   SOLE   573,666 0 391,579
ENSCO PLC SHS CLASS A COM G3157S106 114,788 2,065,644 SH   SOLE   1,186,388 0 879,256
ENTERGY CORP NEW COM COM 29364G103 17,522 213,454 SH   SOLE   84,215 0 129,239
ENTERPRISE PRODS PARTNERS L P COM 293792107 2,662 34,008 SH   SOLE   12,163 0 21,845
EQUITY RESIDENTIAL SH BEN INT COM 29476L107 321 5,088 SH   SOLE   5,088 0 0
EVEREST RE GROUP LTD COM COM G3223R108 63,879 398,027 SH   SOLE   238,047 0 159,980
EXXON MOBIL CORP COM COM 30231G102 226 2,245 SH   SOLE   2,245 0 0
FABRINET SHS COM G3323L100 6,010 291,755 SH   SOLE   103,980 0 187,775
FABRINET SHS COM G3323L100 156 7,555 SH   DFND 1 7,555 0 0
FARMERS CAP BK CORP COM COM 309562106 2,112 93,472 SH   SOLE   34,663 0 58,809
FARMERS CAP BK CORP COM COM 309562106 51 2,260 SH   DFND 1 2,260 0 0
FBL FINL GROUP INC CL A COM 30239F106 4,210 91,515 SH   SOLE   32,899 0 58,616
FBL FINL GROUP INC CL A COM 30239F106 108 2,345 SH   DFND 1 2,345 0 0
FIFTH THIRD BANCORP COM COM 316773100 82,141 3,847,374 SH   SOLE   2,150,586 0 1,696,788
FLUOR CORP NEW COM COM 343412102 35,366 459,901 SH   SOLE   174,890 0 285,011
FORD MTR CO DEL COM PAR $0.01 COM 345370860 218 12,648 SH   SOLE   12,648 0 0
FREEPORT-MCMORAN INC COM 35671D857 93,327 2,556,913 SH   SOLE   1,084,878 0 1,472,035
FREIGHTCAR AMER INC COM COM 357023100 3,549 141,734 SH   SOLE   49,827 0 91,907
FREIGHTCAR AMER INC COM COM 357023100 91 3,650 SH   DFND 1 3,650 0 0
GENERAL DYNAMICS CORP COM COM 369550108 308 2,643 SH   SOLE   1,895 0 748
GENERAL ELECTRIC CO COM COM 369604103 688 26,180 SH   SOLE   21,635 0 4,545
GILEAD SCIENCES INC COM COM 375558103 21,570 260,157 SH   SOLE   107,547 0 152,610
GOOGLE INC CL A COM 38259p508 17,617 30,131 SH   SOLE   12,383 0 17,748
GOOGLE INC CL C COM 38259p706 762 1,325 SH   SOLE   1,045 0 280
HALLIBURTON CO COM COM 406216101 19,676 277,083 SH   SOLE   112,679 0 164,404
HATTERAS FINL CORP COM COM 41902R103 2,422 122,263 SH   SOLE   42,823 0 79,440
HATTERAS FINL CORP COM COM 41902R103 62 3,140 SH   DFND 1 3,140 0 0
HCC INS HLDGS INC COM COM 404132102 65,871 1,345,958 SH   SOLE   804,872 0 541,086
HELIX ENERGY SOLUTIONS GRP INC COM 42330P107 4,310 163,822 SH   SOLE   58,847 0 104,975
HELIX ENERGY SOLUTIONS GRP INC COM 42330P107 108 4,115 SH   DFND 1 4,115 0 0
HERCULES OFFSHORE INC COM COM 427093109 4,439 1,104,153 SH   SOLE   403,593 0 700,560
HERCULES OFFSHORE INC COM COM 427093109 111 27,685 SH   DFND 1 27,685 0 0
HEWLETT PACKARD CO COM COM 428236103 13,845 411,065 SH   SOLE   163,799 0 247,266
HOME DEPOT INC COM COM 437076102 437 5,400 SH   SOLE   5,400 0 0
INTEL CORP COM COM 458140100 44,554 1,441,887 SH   SOLE   588,545 0 853,342
INTERNATIONAL BANCSHARES CORP COM 459044103 3,512 130,077 SH   SOLE   46,717 0 83,360
INTERNATIONAL BANCSHARES CORP COM 459044103 90 3,345 SH   DFND 1 3,345 0 0
INTERNATIONAL BUSINESS MACHS C COM 459200101 1,155 6,372 SH   SOLE   5,772 0 600
INTERNATIONAL STEM CELL CORP C COM 460378102 3 44,000 SH   SOLE   44,000 0 0
INVESTMENT TECHNOLOGY GRP NEW COM 46145F105 5,684 336,740 SH   SOLE   123,585 0 213,155
INVESTMENT TECHNOLOGY GRP NEW COM 46145F105 144 8,515 SH   DFND 1 8,515 0 0
ISHARES TR 2020 CP TM ETF COM 46432FBC0 516 4,889 SH   SOLE   4,889 0 0
J2 GLOBAL INC COM COM 48123V102 6,033 118,611 SH   SOLE   43,582 0 75,029
J2 GLOBAL INC COM COM 48123V102 151 2,965 SH   DFND 1 2,965 0 0
JOHNSON & JOHNSON COM COM 478160104 60,817 581,318 SH   SOLE   254,628 0 326,690
JPMORGAN CHASE & CO COM COM 46625H100 82,676 1,434,856 SH   SOLE   577,717 0 857,139
KADANT INC COM COM 48282T104 3,062 79,631 SH   SOLE   29,323 0 50,308
KADANT INC COM COM 48282T104 78 2,020 SH   DFND 1 2,020 0 0
KIMBERLY CLARK CORP COM COM 494368103 489 4,400 SH   SOLE   4,400 0 0
KINDER MORGAN ENERGY PARTNERS COM 494550106 1,001 12,180 SH   SOLE   3,475 0 8,705
KINDER MORGAN MANAGEMENT LLC S COM 49455U100 589 7,459 SH   SOLE   7,459 0 0
KRAFT FOODS GROUP INC COM COM 50076Q106 295 4,915 SH   SOLE   4,804 0 111
KULICKE & SOFFA INDS INC COM COM 501242101 5,797 406,551 SH   SOLE   148,786 0 257,765
KULICKE & SOFFA INDS INC COM COM 501242101 146 10,255 SH   DFND 1 10,255 0 0
L-3 COMMUNICATIONS HLDGS INC C COM 502424104 105,741 875,705 SH   SOLE   478,018 0 397,687
LEAR CORP COM NEW COM 521865204 29,224 327,185 SH   SOLE   137,933 0 189,252
LIBERTY MEDIA CORP DELAWARE CL COM 531229102 256,391 1,875,846 SH   SOLE   995,508 0 880,338
LILLY ELI & CO COM COM 532457108 42,751 687,649 SH   SOLE   266,229 0 421,420
LINCOLN ELEC HLDGS INC COM COM 533900106 515 7,370 SH   SOLE   7,370 0 0
LOEWS CORP COM COM 540424108 116,088 2,637,761 SH   SOLE   1,357,471 0 1,280,290
MAGELLAN HEALTH INC COM 559079207 5,211 83,717 SH   SOLE   29,827 0 53,890
MAGELLAN HEALTH INC COM 559079207 135 2,175 SH   DFND 1 2,175 0 0
MAIDEN HOLDINGS LTD SHS COM G5753U112 4,595 380,034 SH   SOLE   137,660 0 242,374
MAIDEN HOLDINGS LTD SHS COM G5753U112 118 9,720 SH   DFND 1 9,720 0 0
MALLINCKRODT PUB LTD CO SHS COM G5785G107 71,468 893,130 SH   SOLE   534,739 0 358,391
MARKWEST ENERGY PARTNERS L P U COM 570759100 787 11,000 SH   SOLE   80 0 10,920
MARVELL TECHNOLOGY GROUP LTD O COM G5876H105 84,676 5,908,996 SH   SOLE   3,356,192 0 2,552,804
MASCO CORP COM COM 574599106 314 14,145 SH   SOLE   14,145 0 0
MBT FINL CORP COM COM 578877102 2,527 461,960 SH   SOLE   461,960 0 0
MCDERMOTT INTL INC COM COM 580037109 76,993 9,517,084 SH   SOLE   5,626,739 0 3,890,345
MCDERMOTT INTL INC COM COM 580037109 143 17,735 SH   DFND 1 17,735 0 0
MCKESSON CORP COM COM 58155Q103 372 2,000 SH   SOLE   2,000 0 0
MEDTRONIC INC COM COM 585055106 236 3,700 SH   SOLE   3,700 0 0
MERCK & CO INC NEW COM COM 58933Y105 53,750 929,119 SH   SOLE   386,482 0 542,637
MICROSOFT CORP COM COM 594918104 73,881 1,771,722 SH   SOLE   739,461 0 1,032,261
MOLSON COORS BREWING CO CL B COM 60871R209 375 5,060 SH   SOLE   0 0 5,060
MONARCH CMNTY BANCORP INC COM COM 609045208 141 50,000 SH   SOLE   50,000 0 0
MONDELEZ INTL INC CL A COM 609207105 624 16,580 SH   SOLE   16,245 0 335
MULTI FINELINE ELECTRONIX INC COM 62541B101 4,419 400,265 SH   SOLE   142,611 0 257,654
MULTI FINELINE ELECTRONIX INC COM 62541B101 114 10,296 SH   DFND 1 10,296 0 0
MYRIAD GENETICS INC COM COM 62855J104 4,187 107,575 SH   SOLE   38,015 0 69,560
MYRIAD GENETICS INC COM COM 62855J104 107 2,750 SH   DFND 1 2,750 0 0
NAM TAI PPTY INC SHS COM g63907102 4,320 572,935 SH   SOLE   212,550 0 360,385
NAM TAI PPTY INC SHS COM g63907102 108 14,365 SH   DFND 1 14,365 0 0
NATIONAL BK HLDGS CORP CL A COM 633707104 3,617 181,381 SH   SOLE   64,997 0 116,384
NATIONAL BK HLDGS CORP CL A COM 633707104 93 4,650 SH   DFND 1 4,650 0 0
NATIONAL OILWELL VARCO INC COM COM 637071101 28,140 341,711 SH   SOLE   129,124 0 212,587
NETAPP INC COM COM 64110D104 74,519 2,040,510 SH   SOLE   1,241,063 0 799,447
NEVSUN RES LTD COM COM 64156L101 7,413 1,976,811 SH   SOLE   712,835 0 1,263,976
NEVSUN RES LTD COM COM 64156L101 190 50,660 SH   DFND 1 50,660 0 0
NEXTERA ENERGY INC COM COM 65339F101 359 3,500 SH   SOLE   0 0 3,500
NOBLE CORP PLC SHS USD COM g65431101 289 8,610 SH   SOLE   135 0 8,475
NORFOLK SOUTHERN CORP COM COM 655844108 11,312 109,791 SH   SOLE   44,152 0 65,639
NORTHFIELD BANCORP INC DEL COM COM 66611T108 3,216 245,319 SH   SOLE   88,385 0 156,934
NORTHFIELD BANCORP INC DEL COM COM 66611T108 82 6,270 SH   DFND 1 6,270 0 0
NORTHROP GRUMMAN CORP COM COM 666807102 59,399 496,523 SH   SOLE   208,954 0 287,569
NOVA MEASURING INSTRUMENTS LTD COM M7516K103 3,251 270,695 SH   SOLE   96,305 0 174,390
NOVA MEASURING INSTRUMENTS LTD COM M7516K103 84 6,970 SH   DFND 1 6,970 0 0
NUVEEN TX ADV TOTAL RET STRGY COM 67090H102 183 12,200 SH   SOLE   200 0 12,000
NVIDIA CORP COM COM 67066G104 31,300 1,688,253 SH   SOLE   701,153 0 987,100
OCCIDENTAL PETE CORP DEL COM COM 674599105 66,763 650,518 SH   SOLE   260,833 0 389,685
OFG BANCORP COM COM 67103X102 4,796 260,537 SH   SOLE   93,344 0 167,193
OFG BANCORP COM COM 67103X102 123 6,675 SH   DFND 1 6,675 0 0
OMNIVISION TECHNOLOGIES INC CO COM 682128103 4,835 219,992 SH   SOLE   77,666 0 142,326
OMNIVISION TECHNOLOGIES INC CO COM 682128103 125 5,685 SH   DFND 1 5,685 0 0
ONEOK INC NEW COM COM 682680103 209 3,075 SH   SOLE   75 0 3,000
ONEOK PARTNERS LP UNIT LTD PAR COM 68268N103 344 5,866 SH   SOLE   4,700 0 1,166
ORACLE CORP COM COM 68389X105 53,650 1,323,706 SH   SOLE   556,193 0 767,513
OUTERWALL INC COM COM 690070107 4,516 76,085 SH   SOLE   26,995 0 49,090
OUTERWALL INC COM COM 690070107 117 1,965 SH   DFND 1 1,965 0 0
PATTERSON UTI ENERGY INC COM COM 703481101 18,694 535,020 SH   SOLE   227,522 0 307,498
PDL BIOPHARMA INC COM COM 69329Y104 5,815 600,700 SH   SOLE   213,694 0 387,006
PDL BIOPHARMA INC COM COM 69329Y104 150 15,455 SH   DFND 1 15,455 0 0
PEOPLES UNITED FINANCIAL INC C COM 712704105 258 17,000 SH   SOLE   17,000 0 0
PEPSICO INC COM COM 713448108 430 4,808 SH   SOLE   2,960 0 1,848
PFIZER INC COM COM 717081103 74,080 2,495,957 SH   SOLE   971,074 0 1,524,883
PHILIP MORRIS INTL INC COM COM 718172109 1,681 19,934 SH   SOLE   8,351 0 11,583
PHILLIPS 66 COM COM 718546104 34,404 427,754 SH   SOLE   179,176 0 248,578
PHOTOMEDEX INC COM PAR $0.01 COM 719358301 4,968 405,555 SH   SOLE   144,555 0 261,000
PHOTOMEDEX INC COM PAR $0.01 COM 719358301 129 10,495 SH   DFND 1 10,495 0 0
PHOTRONICS INC COM COM 719405102 96 11,190 SH   SOLE   8,040 0 3,150
PLAINS ALL AMERN PIPELINE L P COM 726503105 457 7,614 SH   SOLE   1,387 0 6,227
POPULAR INC COM NEW COM 733174700 5,927 173,414 SH   SOLE   62,069 0 111,345
POPULAR INC COM NEW COM 733174700 151 4,405 SH   DFND 1 4,405 0 0
PROCTER & GAMBLE CO COM COM 742718109 227 2,890 SH   SOLE   2,890 0 0
PRUDENTIAL BANCORP INC NEW COM COM 74431A101 127 11,055 SH   SOLE   11,055 0 0
PRUDENTIAL FINL INC COM COM 744320102 13,099 147,564 SH   SOLE   58,858 0 88,706
QEP RES INC COM COM 74733V100 1,268 36,743 SH   SOLE   16,206 0 20,537
QLOGIC CORP COM COM 747277101 5,049 500,423 SH   SOLE   181,623 0 318,800
QLOGIC CORP COM COM 747277101 129 12,770 SH   DFND 1 12,770 0 0
QUAD / GRAPHICS INC COM CL A COM 747301109 5,614 250,957 SH   SOLE   91,337 0 159,620
QUAD / GRAPHICS INC COM CL A COM 747301109 141 6,310 SH   DFND 1 6,310 0 0
QUALCOMM INC COM COM 747525103 30,884 389,947 SH   SOLE   164,123 0 225,824
REDWOOD TR INC COM COM 758075402 70,954 3,644,255 SH   SOLE   2,115,140 0 1,529,115
REDWOOD TR INC COM COM 758075402 106 5,420 SH   DFND 1 5,420 0 0
REGIONS FINL CORP NEW COM COM 7591EP100 83,364 7,849,686 SH   SOLE   4,699,846 0 3,149,840
REPUBLIC BANCORP KY CL A COM 760281204 4,591 193,569 SH   SOLE   69,694 0 123,875
REPUBLIC BANCORP KY CL A COM 760281204 118 4,990 SH   DFND 1 4,990 0 0
RESMED INC COM COM 761152107 319 6,300 SH   SOLE   6,300 0 0
ROCK CREEK PHARMACEUTICALS INC COM 772081105 20 34,600 SH   SOLE   34,600 0 0
SANDISK CORP COM COM 80004C101 261 2,500 SH   SOLE   2,500 0 0
SPDR GOLD TRUST GOLD SHS COM 78463V107 256 2,000 SH   SOLE   2,000 0 0
SPOK HOLDINGS COM 84863t106 5,547 360,185 SH   SOLE   129,108 0 231,077
SPOK HOLDINGS COM 84863t106 143 9,300 SH   DFND 1 9,300 0 0
STARZ COM SER A COM 85571Q102 524 17,584 SH   SOLE   14,363 0 3,221
STONE ENERGY CORP COM COM 861642106 4,427 94,607 SH   SOLE   33,217 0 61,390
STONE ENERGY CORP COM COM 861642106 113 2,405 SH   DFND 1 2,405 0 0
SUPERIOR INDS INTL INC COM COM 868168105 4,216 204,471 SH   SOLE   72,937 0 131,534
SUPERIOR INDS INTL INC COM COM 868168105 109 5,275 SH   DFND 1 5,275 0 0
SYKES ENTERPRISES INC COM COM 871237103 4,653 214,142 SH   SOLE   76,316 0 137,826
SYKES ENTERPRISES INC COM COM 871237103 118 5,445 SH   DFND 1 5,445 0 0
SYMANTEC CORP COM COM 871503108 110,936 4,844,353 SH   SOLE   2,690,761 0 2,153,592
SYSTEMAX INC COM COM 871851101 4,385 305,160 SH   SOLE   108,574 0 196,586
SYSTEMAX INC COM COM 871851101 113 7,855 SH   DFND 1 7,855 0 0
TARGET CORP COM COM 87612E106 15,846 273,434 SH   SOLE   116,782 0 156,652
TESSERA TECHNOLOGIES INC COM COM 88164L100 78,628 3,561,047 SH   SOLE   2,134,109 0 1,426,938
TEVA PHARMACEUTICAL INDS LTD A COM 881624209 8,887 169,535 SH   SOLE   117,120 0 52,415
TIME WARNER INC COM NEW COM 887317303 339 4,830 SH   SOLE   4,630 0 200
TIVO INC COM COM 888706108 3,369 260,990 SH   SOLE   100,220 0 160,770
TIVO INC COM COM 888706108 83 6,425 SH   DFND 1 6,425 0 0
TJX COS INC NEW COM COM 872540109 237 4,464 SH   SOLE   4,464 0 0
TRAVELERS COMPANIES INC COM COM 89417E109 995 10,578 SH   SOLE   8,739 0 1,839
TRIPLE-S MGMT CORP CL B COM 896749108 5,982 333,608 SH   SOLE   118,852 0 214,756
TRIPLE-S MGMT CORP CL B COM 896749108 154 8,575 SH   DFND 1 8,575 0 0
TRW AUTOMOTIVE HLDGS CORP COM COM 87264S106 26,877 300,238 SH   SOLE   121,723 0 178,515
UNITEDHEALTH GROUP INC COM COM 91324P102 37,698 461,142 SH   SOLE   177,960 0 283,182
URS CORP NEW COM COM 903236107 26,318 574,009 SH   SOLE   243,295 0 330,714
V F CORP COM COM 918204108 1,119 17,760 SH   SOLE   17,760 0 0
VAALCO ENERGY INC COM NEW COM 91851C201 4,992 690,510 SH   SOLE   244,375 0 446,135
VAALCO ENERGY INC COM NEW COM 91851C201 130 17,975 SH   DFND 1 17,975 0 0
VALMONT INDS INC COM COM 920253101 65,456 430,774 SH   SOLE   258,708 0 172,066
VERIZON COMMUNICATIONS INC COM COM 92343V104 70,018 1,430,981 SH   SOLE   513,948 0 917,033
VERSUS TECHNOLOGY INC COM COM 925313108 23 206,550 SH   SOLE   206,550 0 0
VISHAY INTERTECHNOLOGY INC COM COM 928298108 3,149 203,310 SH   SOLE   75,735 0 127,575
VISHAY INTERTECHNOLOGY INC COM COM 928298108 78 5,055 SH   DFND 1 5,055 0 0
VISTEON CORP COM NEW COM 92839U206 138,442 1,427,088 SH   SOLE   806,279 0 620,809
VODAFONE GROUP PLC NEW SPNSR A COM 92857W308 15,907 476,406 SH   SOLE   326,768 0 149,638
WAL-MART STORES INC COM COM 931142103 14,869 198,067 SH   SOLE   80,436 0 117,631
WELLPOINT INC COM COM 94973V107 36,216 336,545 SH   SOLE   125,440 0 211,105
WELLS FARGO & CO NEW COM COM 949746101 2,970 56,516 SH   SOLE   21,210 0 35,306
WESTERN DIGITAL CORP COM COM 958102105 80,050 867,286 SH   SOLE   518,122 0 349,164
WESTERN UN CO COM COM 959802109 82,401 4,752,076 SH   SOLE   2,852,636 0 1,899,440
WILLIAMS COS INC DEL COM COM 969457100 451 7,740 SH   SOLE   200 0 7,540
ZIONS BANCORPORATION COM COM 989701107 66,309 2,250,054 SH   SOLE   1,346,139 0 903,915
GOLDMAN SACHS GROUP INC PFD A PFD 38143Y665 219 10,954 SH   SOLE   125 0 10,829
METLIFE INC PFD A FLT RATE PFD 59156R504 284 12,014 SH   SOLE   7,193 0 4,821
AMERICAN INTL GROUP INC WT EXP WT 026874156 321 12,060 SH   SOLE   12,060 0 0