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
ABERCROMBIE & FITCH CO COM 002896207 88,881 3,103,399 SH   SOLE   3,053,314 0 50,085
ACACIA RESEARCH CORP COM 003881307 4,404 259,984 SH   SOLE   259,984 0 0
ACCO BRANDS CORP COM 00081T108 5,922 657,275 SH   SOLE   657,275 0 0
AEGION CORP COM 00770F104 1,489 80,000 SH   SOLE   80,000 0 0
AGCO CORP COM 001084102 59,569 1,317,898 SH   SOLE   1,296,558 0 21,340
ALCOA INC COM 013817101 1,773 112,310 SH   SOLE   112,310 0 0
ALLY FINANCIAL INC COM 02005N100 57,069 2,416,126 SH   SOLE   2,382,701 0 33,425
AMERICAN EAGLE OUTFITTERS COM 02553E106 106,776 7,692,790 SH   SOLE   7,558,730 0 134,060
AMERICAN INTL GROUP INC COM 026874784 16,907 301,861 SH   SOLE   301,861 0 0
AMERICAN VANGUARD CORP COM 030371108 1,326 114,120 SH   SOLE   114,120 0 0
ANALOGIC CORP COM 032657207 5,020 59,330 SH   SOLE   59,330 0 0
APPLE COMPUTER COM 037833100 11,046 100,077 SH   SOLE   100,077 0 0
ATLAS AIR WORLDWIDE COM 049164205 64,023 1,298,631 SH   SOLE   1,276,326 0 22,305
AVNET INC COM 053807103 96,003 2,231,600 SH   SOLE   2,199,460 0 32,140
AXIALL CORP COM 05463D100 13,787 324,631 SH   SOLE   324,631 0 0
BANK OF AMERICA CORP COM 060505104 22,330 1,248,181 SH   SOLE   1,248,181 0 0
BED BATH & BEYOND COM 075896100 1,904 25,000 SH   SOLE   25,000 0 0
BIG LOTS INC COM 089302103 91,569 2,288,092 SH   SOLE   2,251,307 0 36,785
BLACK BOX CORP DEL COM COM 091826107 4,255 178,033 SH   SOLE   178,033 0 0
BP PLC SPONS ADR COM 055622104 58,027 1,522,219 SH   SOLE   1,497,039 0 25,180
BRADY CORPORATION - CL A COM 104674106 1,868 68,330 SH   SOLE   68,330 0 0
BROADCOM CORP CL A COM 111320107 9,822 226,688 SH   SOLE   226,688 0 0
CARBO CERAMICS INC COM 140781105 38,400 958,810 SH   SOLE   941,220 0 17,590
CB FINANCIAL SERVICES INC COM 12479G101 195 10,000 SH   SOLE   10,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 66,361 3,390,937 SH   SOLE   3,343,437 0 47,500
CHICAGO BRIDGE AND IRON COMPAN COM 167250109 1,375 32,765 SH   SOLE   32,765 0 0
CHICOS FAS INC COM 168615102 835 51,500 SH   SOLE   51,500 0 0
CHIMERA INVESTMENT CORP COM 16934q109 40 12,575 SH   SOLE   12,575 0 0
CISCO SYS INC COM 17275R102 268 9,621 SH   SOLE   9,621 0 0
COMMUNITY HLTH SYS COM 203668108 120,973 2,243,566 SH   SOLE   2,213,121 0 30,445
COWEN GROUP INC COM 223622101 928 193,316 SH   SOLE   193,316 0 0
DEVON ENERGY CORPORATION NEW COM 25179M103 12,369 202,068 SH   SOLE   202,068 0 0
DICKS SPORTING GOODS COM COM 253393102 752 15,150 SH   SOLE   15,150 0 0
DUCOMMUN INC COM 264147109 1,358 53,700 SH   SOLE   53,700 0 0
DXP ENTERPRISES INC COM 233377407 640 12,670 SH   SOLE   12,670 0 0
E I DU PONT DE NEMOURS & CO COM 263534109 381 5,150 SH   SOLE   5,150 0 0
EATON CORPORATION COM g29183103 64,627 950,957 SH   SOLE   934,217 0 16,740
FBL FINANCIAL GROUP INC-CL A COM 30239F106 2,847 49,065 SH   SOLE   49,065 0 0
FBR & CO COM 30247C400 1,955 79,518 SH   SOLE   79,518 0 0
FIRST COMMONWEALTH FINL CORP COM 319829107 2,406 260,930 SH   SOLE   260,930 0 0
FIRST NIAGARA FINL GROUP INC COM 33582V108 91,916 10,903,431 SH   SOLE   10,721,071 0 182,360
FNB CORPORATION COM 302520101 4,919 369,295 SH   SOLE   369,295 0 0
FORD MOTOR CO NEW COM 345370860 12,557 810,150 SH   SOLE   810,150 0 0
FRESH MARKET INC COM 35804H106 659 16,000 SH   SOLE   16,000 0 0
GAMESTOP CORPORATION COM 36467W109 693 20,500 SH   SOLE   20,500 0 0
GENERAL ELECTRIC CO COM 369604103 378 14,955 SH   SOLE   14,955 0 0
GENERAL MOTORS CO COM 37045V100 6,911 197,959 SH   SOLE   197,959 0 0
GENERAL MOTORS ESCROW SHARES COM 370ESCBQ7 0 2,000,000 SH   SOLE   2,000,000 0 0
GENWORTH FINANCIAL INC CMN CLA COM 37247D106 16,621 1,955,449 SH   SOLE   1,955,449 0 0
GLOBAL POWER EQUIPMENT GROUP COM 37941P306 1,523 110,275 SH   SOLE   110,275 0 0
GNC HOLDINGS INC COM 36191G107 1,028 21,900 SH   SOLE   21,900 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 4,868 25,115 SH   SOLE   25,115 0 0
GOOGLE INC CL C COM 38259p706 3,158 6,000 SH   SOLE   6,000 0 0
GRAFTECH INTERNATIONAL LTD COM 384313102 5,493 1,085,605 SH   SOLE   1,085,605 0 0
HARTFORD FINANCIAL SERVICES COM 416515104 111,168 2,666,543 SH   SOLE   2,627,518 0 39,025
HEALTH NET INC COM 42222G108 61,067 1,140,807 SH   SOLE   1,124,647 0 16,160
HEWLETT PACKARD CO COM 428236103 20,391 508,131 SH   SOLE   508,131 0 0
HIGHWOODS PROP COM 431284108 5,700 128,732 SH   SOLE   128,732 0 0
HYSTER-YALE MATERIALS COM 449172105 3,751 51,245 SH   SOLE   51,245 0 0
INTEGRA LIFE SCIENCES HOLDING COM 457985208 10,404 191,850 SH   SOLE   191,850 0 0
INTL PAPER CO COM 460146103 83,233 1,553,442 SH   SOLE   1,527,097 0 26,345
ISHARES CORE US VALUE COM 464287663 18,438 135,084 SH   SOLE   135,084 0 0
ISHARES RUSSELL 1000 VALUE IND COM 464287598 693 6,635 SH   SOLE   6,635 0 0
JABIL CIRCUIT INC CMN COM 466313103 2,189 100,270 SH   SOLE   100,270 0 0
JOHNSON & JOHNSON COM 478160104 342 3,270 SH   SOLE   3,270 0 0
JOHNSON CONTROLS INC COM 478366107 69,695 1,441,767 SH   SOLE   1,415,347 0 26,420
JPMORGAN CHASE & CO COM 46625H100 114,430 1,828,536 SH   SOLE   1,802,841 0 25,695
KELLY SERVICES CL A COM 488152208 1,411 82,875 SH   SOLE   82,875 0 0
KENNAMETAL INC COM 489170100 89,407 2,498,101 SH   SOLE   2,467,296 0 30,805
KEY ENERGY SERVICES INC CMN COM 492914106 232 139,000 SH   SOLE   139,000 0 0
KEYCORP NEW COM COM 493267108 82,436 5,930,619 SH   SOLE   5,825,744 0 104,875
L-3 COMMUNICATNS HLDGS COM COM 502424104 252 2,000 SH   SOLE   2,000 0 0
LMI AEROSPACE INC COM 502079106 1,588 112,600 SH   SOLE   112,600 0 0
LSB INDUSTRIES INC COM 502160104 1,715 54,550 SH   SOLE   54,550 0 0
MACYS INC COM 55616P104 48,815 742,439 SH   SOLE   732,879 0 9,560
MANNING & NAPIER INC COM 56382Q102 1,759 127,285 SH   SOLE   127,285 0 0
MARKET VECTORS GOLD MINERS COM 57060U100 193 10,500 SH   SOLE   10,500 0 0
MCDERMOTT INTERNATIONAL INC COM 580037109 366 125,790 SH   SOLE   125,790 0 0
MERCK & CO INC COM 58933Y105 305 5,375 SH   SOLE   5,375 0 0
METLIFE COM 59156R108 102,154 1,888,590 SH   SOLE   1,862,980 0 25,610
MFC INDUSTRIAL LTD COM 55278T105 1,456 205,675 SH   SOLE   205,675 0 0
MODINE MANUFACTURING CO COM 607828100 3,408 250,561 SH   SOLE   250,561 0 0
MYRIAD GENETICS INC CMN COM 62855J104 28,195 827,803 SH   SOLE   815,488 0 12,315
NABORS INDUSTRIES LTD SHS COM G6359F103 21,976 1,693,057 SH   SOLE   1,671,092 0 21,965
NCR CORP COM 62886E108 19,458 667,755 SH   SOLE   667,755 0 0
NETAPP INC COM 64110D104 18,535 447,155 SH   SOLE   447,155 0 0
NEWMONT MINING CORP COM 651639106 19,505 1,032,006 SH   SOLE   1,016,621 0 15,385
OFFICE DEPOT COM 676220106 682 79,500 SH   SOLE   79,500 0 0
OFG BANCORP COM 67103X102 9,586 575,725 SH   SOLE   575,725 0 0
OMEGA PROTEIN CORP COM 68210P107 4,009 379,280 SH   SOLE   379,280 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 8,260 317,690 SH   SOLE   317,690 0 0
ORBOTECH LTD COM M75253100 2,664 179,990 SH   SOLE   179,990 0 0
OSI SYSTEMS INC COM 671044105 6,275 88,665 SH   SOLE   88,665 0 0
OWENS ILL INC COM 690768403 3,029 112,220 SH   SOLE   112,220 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,956 117,895 SH   SOLE   117,895 0 0
PBF ENERGY INC CL A COM 69318G106 103,612 3,889,331 SH   SOLE   3,835,176 0 54,155
PHILLIPS 66 COM 718546104 1,234 17,207 SH   SOLE   17,207 0 0
PIER 1 IMPORTS INC (DELAWARE) COM 720279108 1,440 93,500 SH   SOLE   93,500 0 0
PROCTER & GAMBLE CO COM 742718109 224 2,455 SH   SOLE   2,455 0 0
QUALITY SYSTEMS INC COM 747582104 1,798 115,301 SH   SOLE   115,301 0 0
RIO TINTO PLC COM 767204100 85,046 1,846,415 SH   SOLE   1,820,720 0 25,695
ROGERS COMMUNICATIONS INC COM 775109200 996 25,635 SH   SOLE   25,635 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 11,310 137,213 SH   SOLE   137,213 0 0
SELECTIVE INSURANCE GROUP COM 816300107 4,097 150,785 SH   SOLE   150,785 0 0
SILICON GRAPHICS INC DEL COM 82706L108 6,019 528,925 SH   SOLE   528,925 0 0
SODASTREAM INTERNATIONAL LTD COM M9068E105 3,570 177,455 SH   SOLE   177,455 0 0
SPDR GOLD TRUST COM 78463V107 428 3,770 SH   SOLE   3,770 0 0
SPIRIT AEROSYSTEMS HOLDINGS COM 848574109 110,869 2,575,961 SH   SOLE   2,530,376 0 45,585
SYMANTEC CORP COM 871503108 106,829 4,164,052 SH   SOLE   4,093,117 0 70,935
TARGET CORP COM 87612E106 119,207 1,570,375 SH   SOLE   1,544,015 0 26,360
TCF FINL CORP COM COM 872275102 4,801 302,149 SH   SOLE   302,149 0 0
TEREX CORP NEW COM COM 880779103 13,772 493,988 SH   SOLE   493,988 0 0
TEVA PHARMACEUTICALS SP ADR COM 881624209 106,780 1,856,728 SH   SOLE   1,828,328 0 28,400
TEXTRON INC COM 883203101 72,689 1,726,181 SH   SOLE   1,694,731 0 31,450
THE BANCORP INC COM 05969A105 3,864 354,790 SH   SOLE   354,790 0 0
TIDEWATER INC COM 886423102 91,489 2,822,874 SH   SOLE   2,780,164 0 42,710
TITAN INTERNATIONAL INC COM 88830M102 27,894 2,624,089 SH   SOLE   2,585,939 0 38,150
TITAN MACHINERY INC COM 88830R101 3,609 258,897 SH   SOLE   258,897 0 0
TRIUMPH GROUP COM 896818101 102,949 1,531,525 SH   SOLE   1,509,970 0 21,555
ULTRA PETROLEUM CORP-CAD COM 903914109 3,937 299,154 SH   SOLE   299,154 0 0
VALLEY NATIONAL BANCORP COM 919794107 124 12,758 SH   SOLE   12,758 0 0
VERA BRADLEY INC COM 92335C106 1,325 65,000 SH   SOLE   65,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,959 84,620 SH   SOLE   84,620 0 0
VIRTUS INVESTMENT PARTNERS COM 92828Q109 771 4,525 SH   SOLE   4,525 0 0
VOXX INTERNATIONAL CORPORATION COM 91829F104 3,620 413,215 SH   SOLE   413,215 0 0
VOYA FINANCIAL INC COM 929089100 114,687 2,706,165 SH   SOLE   2,664,050 0 42,115
WAL-MART STORES INC COM 931142103 3,314 38,587 SH   SOLE   38,587 0 0
WELLS FARGO & CO (NEW) CMN COM 949746101 33,035 602,604 SH   SOLE   591,809 0 10,795
WESCO AIRCRAFT HOLDINGS COM 950814103 2,423 173,340 SH   SOLE   173,340 0 0
WHITING PETROLEUM CORPORATION COM 966387102 663 20,100 SH   SOLE   20,100 0 0
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 2,712 219,750 SH   SOLE   219,750 0 0
BANK OF AMERICA PREFERRED SERI CPFD 060505682 633 544 SH   SOLE   544 0 0
ANNALY CAPITAL MGMT 7.5% 12/31 PFD 035710805 994 40,000 SH   SOLE   40,000 0 0
FNB CORP 7.25% PREFERRED PFD 30255P103 548 20,000 SH   SOLE   20,000 0 0
GENERAL MOTORS CORP LIQUIDATIO PFD 370ESC733 0 125,000 SH   SOLE   125,000 0 0
GOLDMAN SACHS GROUP INC 6 3/8% PFD 38148b108 1,036 40,000 SH   SOLE   40,000 0 0
KEMPER CORP 7.375% 02/27/2054 PFD 488401209 513 20,000 SH   SOLE   20,000 0 0
MORGAN STANLEY FIXED TO FLOATI PFD 61762V200 1,212 44,000 SH   SOLE   44,000 0 0
SEASPAN CORP PFD 6.375% PFD 81254U205 248 10,000 SH   SOLE   10,000 0 0
TITAN MACHINERY INC. CONV 88830RAB7 2,880 4,032,000 PRN   SOLE   4,032,000 0 0