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 105,675 4,912,849 SH   SOLE   4,843,409 0 69,440
ACACIA RESEARCH CORP COM 003881307 7,432 847,449 SH   SOLE   847,449 0 0
ACCO BRANDS CORP COM 00081T108 10,591 1,363,055 SH   SOLE   1,363,055 0 0
ACTUANT CORP COM 00508X203 5,420 234,750 SH   SOLE   234,750 0 0
AEGION CORP COM 00770F104 1,515 80,000 SH   SOLE   80,000 0 0
AGCO CORP COM 001084102 71,632 1,261,578 SH   SOLE   1,240,238 0 21,340
ALLY FINANCIAL INC COM 02005N100 57,113 2,546,295 SH   SOLE   2,512,870 0 33,425
AMERICAN EAGLE OUTFITTERS INC COM 02553E106 5,386 312,785 SH   SOLE   312,785 0 0
AMERICAN INTERNATIONAL GROUP I COM 026874784 20,959 339,034 SH   SOLE   339,034 0 0
AMERICAN VANGUARD CORP COM 030371108 2,821 204,395 SH   SOLE   204,395 0 0
ANALOGIC CORP COM 032657207 10,761 136,390 SH   SOLE   136,390 0 0
ANDERSONS INC/THE COM 034164103 4,779 122,545 SH   SOLE   122,545 0 0
ATLAS AIR WORLDWIDE HOLDINGS I COM 049164205 64,988 1,182,451 SH   SOLE   1,160,146 0 22,305
AVNET INC COM 053807103 84,444 2,054,100 SH   SOLE   2,021,960 0 32,140
AVON PRODUCTS INC COM 054303102 3,653 583,495 SH   SOLE   583,495 0 0
AXIALL CORP COM 05463D100 14,880 412,761 SH   SOLE   412,761 0 0
BANCORP INC/THE COM 05969A105 7,270 783,441 SH   SOLE   783,441 0 0
BANK OF AMERICA CORP COM 060505104 23,833 1,400,279 SH   SOLE   1,400,279 0 0
BED BATH & BEYOND INC COM 075896100 621 9,000 SH   SOLE   9,000 0 0
BIG LOTS INC COM 089302103 79,174 1,759,815 SH   SOLE   1,730,080 0 29,735
BIOGEN INC COM 09062X103 4,241 10,500 SH   SOLE   10,500 0 0
BLACK BOX CORP COM 091826107 6,642 332,083 SH   SOLE   332,083 0 0
BOARDWALK PIPELINE PARTNERS LP COM 096627104 527 36,285 SH   SOLE   36,285 0 0
BP PLC COM 055622104 60,881 1,523,560 SH   SOLE   1,498,380 0 25,180
BRADY CORP COM 104674106 2,907 117,490 SH   SOLE   117,490 0 0
CARBO CERAMICS INC COM 140781105 42,223 1,014,249 SH   SOLE   996,659 0 17,590
CB FINANCIAL SERVICES INC COM 12479G101 199 10,000 SH   SOLE   10,000 0 0
CEMEX SAB DE CV COM 151290889 1,048 114,400 SH   SOLE   114,400 0 0
CHESAPEAKE ENERGY CORP COM 165167107 46,181 4,134,360 SH   SOLE   4,085,310 0 49,050
CHICAGO BRIDGE & IRON CO NV COM 167250109 16,533 330,395 SH   SOLE   330,395 0 0
CISCO SYSTEMS INC COM 17275R102 265 9,641 SH   SOLE   9,641 0 0
COMMUNITY HEALTH SYSTEMS INC COM 203668108 132,160 2,098,774 SH   SOLE   2,068,329 0 30,445
CRANE CO COM 224399105 76,885 1,309,127 SH   SOLE   1,287,787 0 21,340
DEVON ENERGY CORP COM 25179M103 13,551 227,794 SH   SOLE   227,794 0 0
DUCOMMUN INC COM 264147109 2,445 95,245 SH   SOLE   95,245 0 0
DXP ENTERPRISES INC COM 233377407 5,843 125,650 SH   SOLE   125,650 0 0
EATON CORP PLC COM g29183103 60,273 893,066 SH   SOLE   876,326 0 16,740
EI DU PONT DE NEMOURS & CO COM 263534109 320 5,000 SH   SOLE   5,000 0 0
FBL FINANCIAL GROUP INC COM 30239F106 4,838 83,820 SH   SOLE   83,820 0 0
FBR & CO COM 30247C400 3,800 164,232 SH   SOLE   164,232 0 0
FIRST COMMONWEALTH FINANCIAL C COM 319829107 4,834 504,070 SH   SOLE   504,070 0 0
FIRST NIAGARA FINANCIAL GROUP COM 33582V108 105,704 11,197,435 SH   SOLE   11,015,075 0 182,360
FNB CORP/PA COM 302520101 9,510 664,099 SH   SOLE   664,099 0 0
GENERAL ELECTRIC CO COM 369604103 387 14,580 SH   SOLE   14,580 0 0
GENERAL MOTORS CO COM 37045V100 17,151 514,577 SH   SOLE   514,577 0 0
GENERAL MOTORS ESCROW SHARES COM 370ESCBQ7 0 2,000,000 SH   SOLE   2,000,000 0 0
GENESCO INC COM 371532102 4,511 68,325 SH   SOLE   68,325 0 0
GENWORTH FINANCIAL INC COM 37247D106 48,516 6,408,992 SH   SOLE   6,351,817 0 57,175
GEOSPACE TECHNOLOGIES CORP COM 37364X109 277 12,000 SH   SOLE   12,000 0 0
GNC HOLDINGS INC COM 36191G107 289 6,500 SH   SOLE   6,500 0 0
GOLDMAN SACHS GROUP INC/THE COM 38141G104 5,969 28,590 SH   SOLE   28,590 0 0
GOLDMAN SACHS MLP ENERGY RENAI COM 38148G107 126 10,000 SH   SOLE   10,000 0 0
GOOGLE INC COM 38259P706 3,644 7,000 SH   SOLE   7,000 0 0
GREEN DOT CORP COM 39304D102 16,843 880,905 SH   SOLE   880,905 0 0
HARTFORD FINANCIAL SERVICES GR COM 416515104 99,308 2,388,926 SH   SOLE   2,349,901 0 39,025
HEALTH NET INC/CA COM 42222G108 4,765 74,315 SH   SOLE   74,315 0 0
HEWLETT-PACKARD CO COM 428236103 19,160 638,452 SH   SOLE   638,452 0 0
HIGHWOODS PROPERTIES INC COM 431284108 9,145 228,912 SH   SOLE   228,912 0 0
HYSTER-YALE MATERIALS HANDLING COM 449172105 7,976 115,120 SH   SOLE   115,120 0 0
INTEGRA LIFESCIENCES HOLDINGS COM 457985208 18,236 270,690 SH   SOLE   270,690 0 0
INTERNATIONAL PAPER CO COM 460146103 69,361 1,457,461 SH   SOLE   1,431,116 0 26,345
ISHARES MSCI EAFE ETF COM 464287465 244 3,845 SH   SOLE   3,845 0 0
JOHNSON & JOHNSON COM 478160104 319 3,270 SH   SOLE   3,270 0 0
JOHNSON CONTROLS INC COM 478366107 66,419 1,340,985 SH   SOLE   1,314,565 0 26,420
JPMORGAN CHASE & CO COM 46625H100 117,578 1,735,211 SH   SOLE   1,709,516 0 25,695
KELLY SERVICES INC COM 488152208 2,263 147,425 SH   SOLE   147,425 0 0
KENNAMETAL INC COM 489170100 87,109 2,553,015 SH   SOLE   2,522,210 0 30,805
KEY ENERGY SERVICES INC COM 492914106 250 139,000 SH   SOLE   139,000 0 0
KEYCORP COM 493267108 82,552 5,496,168 SH   SOLE   5,391,293 0 104,875
L-3 COMMUNICATIONS HOLDINGS IN COM 502424104 227 2,000 SH   SOLE   2,000 0 0
LB FOSTER CO COM 350060109 4,252 122,855 SH   SOLE   122,855 0 0
LSB INDUSTRIES INC COM 502160104 4,290 105,040 SH   SOLE   105,040 0 0
MACY'S INC COM 55616P104 44,586 660,821 SH   SOLE   651,261 0 9,560
MANNING & NAPIER INC COM 56382Q102 3,006 301,490 SH   SOLE   301,490 0 0
MARKET VECTORS GOLD MINERS ETF COM 57060U100 186 10,500 SH   SOLE   10,500 0 0
MCDERMOTT INTERNATIONAL INC COM 580037109 565 105,790 SH   SOLE   105,790 0 0
MERCK & CO INC COM 58933Y105 306 5,375 SH   SOLE   5,375 0 0
METLIFE INC COM 59156R108 104,919 1,873,890 SH   SOLE   1,848,280 0 25,610
MOSAIC CO/THE COM 61945C103 14,412 307,620 SH   SOLE   301,415 0 6,205
NABORS INDUSTRIES LTD COM G6359F103 39,982 2,770,773 SH   SOLE   2,720,053 0 50,720
NCR CORP COM 62886E108 53,242 1,768,846 SH   SOLE   1,747,706 0 21,140
NETAPP INC COM 64110D104 18,593 589,137 SH   SOLE   589,137 0 0
NEWMONT MINING CORP COM 651639106 23,432 1,003,091 SH   SOLE   987,706 0 15,385
OFFICE DEPOT INC COM 676220106 1,212 140,000 SH   SOLE   140,000 0 0
OFG BANCORP COM 67103X102 14,969 1,402,896 SH   SOLE   1,402,896 0 0
OMEGA PROTEIN CORP COM 68210P107 7,585 551,609 SH   SOLE   551,609 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 13,021 497,085 SH   SOLE   497,085 0 0
OPEN TEXT CORP COM 683715106 16,254 401,040 SH   SOLE   394,260 0 6,780
ORBOTECH LTD COM M75253100 4,877 234,483 SH   SOLE   234,483 0 0
OSI SYSTEMS INC COM 671044105 14,681 207,386 SH   SOLE   207,386 0 0
OWENS-ILLINOIS INC COM 690768403 17,537 764,480 SH   SOLE   764,480 0 0
PBF ENERGY INC COM 69318G106 113,072 3,978,598 SH   SOLE   3,924,443 0 54,155
PHILLIPS 66 COM 718546104 1,604 19,909 SH   SOLE   19,909 0 0
QUALCOMM INC COM 747525103 29,731 474,712 SH   SOLE   465,917 0 8,795
RIO TINTO PLC COM 767204100 77,134 1,871,735 SH   SOLE   1,846,040 0 25,695
SELECTIVE INSURANCE GROUP INC COM 816300107 7,043 251,105 SH   SOLE   251,105 0 0
SILICON GRAPHICS INTERNATIONAL COM 82706L108 8,186 1,265,219 SH   SOLE   1,265,219 0 0
SODASTREAM INTERNATIONAL LTD COM M9068E105 6,577 311,274 SH   SOLE   311,274 0 0
SPDR GOLD SHARES COM 78463V107 424 3,770 SH   SOLE   3,770 0 0
SPIRIT AEROSYSTEMS HOLDINGS IN COM 848574109 98,966 1,795,792 SH   SOLE   1,764,392 0 31,400
STONE ENERGY CORP COM 861642106 1,172 93,110 SH   SOLE   93,110 0 0
SYMANTEC CORP COM 871503108 89,228 3,837,746 SH   SOLE   3,766,811 0 70,935
TARGET CORP COM 87612E106 83,267 1,020,051 SH   SOLE   1,000,101 0 19,950
TCF FINANCIAL CORP COM 872275102 9,043 544,434 SH   SOLE   544,434 0 0
TEREX CORP COM 880779103 13,111 563,911 SH   SOLE   563,911 0 0
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 94,755 1,603,308 SH   SOLE   1,574,908 0 28,400
TEXTRON INC COM 883203101 70,757 1,585,422 SH   SOLE   1,553,972 0 31,450
TIDEWATER INC COM 886423102 69,601 3,062,083 SH   SOLE   3,013,538 0 48,545
TITAN INTERNATIONAL INC COM 88830M102 35,508 3,306,104 SH   SOLE   3,267,954 0 38,150
TITAN MACHINERY INC COM 88830R101 6,378 432,982 SH   SOLE   432,982 0 0
TRIUMPH GROUP INC COM 896818101 121,029 1,834,048 SH   SOLE   1,807,613 0 26,435
ULTRA PETROLEUM CORP COM 903914109 3,175 253,574 SH   SOLE   253,574 0 0
VALLEY NATIONAL BANCORP COM 919794107 132 12,758 SH   SOLE   12,758 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 4,502 96,584 SH   SOLE   96,584 0 0
VIACOM INC COM 92553P201 17,462 270,150 SH   SOLE   270,150 0 0
VIRTUS INVESTMENT PARTNERS INC COM 92828Q109 3,382 25,575 SH   SOLE   25,575 0 0
VOXX INTERNATIONAL CORP COM 91829F104 4,580 553,142 SH   SOLE   553,142 0 0
VOYA FINANCIAL INC COM 929089100 114,500 2,463,948 SH   SOLE   2,421,833 0 42,115
WAL-MART STORES INC COM 931142103 1,810 25,512 SH   SOLE   25,512 0 0
WESCO AIRCRAFT HOLDINGS INC COM 950814103 46,684 3,081,449 SH   SOLE   3,041,909 0 39,540
WHITING PETROLEUM CORP COM 966387102 675 20,100 SH   SOLE   20,100 0 0
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 2,354 142,660 SH   SOLE   142,660 0 0
ALERIAN MLP ETF COM 00162Q866 253 16,250 SH   SOLE   16,250 0 0
VANGUARD GROWTH ETF COM 922908736 339 3,165 SH   SOLE   3,165 0 0
ANNALY CAPITAL MGMT 7.5% 12/31 PFD 035710805 961 40,000 SH   SOLE   40,000 0 0
FNB CORP 7.25% PREFERRED PFD 30255P103 561 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 1,039 40,000 SH   SOLE   40,000 0 0
JPMORGAN CHASE & CO PFD 6.125% PFD 48127R461 996 40,000 SH   SOLE   40,000 0 0
KEMPER CORP 7.375% 02/27/2054 PFD 488401209 530 20,000 SH   SOLE   20,000 0 0
SEASPAN CORP PFD 6.375% PFD 81254U205 253 10,000 SH   SOLE   10,000 0 0
VALLEY NATIONAL BANCORP 6.25% PFD 919794206 996 40,000 SH   SOLE   40,000 0 0
WINTRUST FINANCIAL CORP 6.5% PFD 97650W405 493 20,000 SH   SOLE   20,000 0 0
TITAN MACHINERY INC. CONV 88830RAB7 3,309 4,032,000 PRN   SOLE   4,032,000 0 0