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
AGILENT TECHNOLOGIES INC COM 00846U101 76,172 1,781,385 SH   DFND 1. 2. 1,781,385 0 0
ABBVIE INC COM 00287Y109 5,129 124,080 SH   DFND 1. 2. 124,080 0 0
Abbott Laboratories COM 002824100 3,530 101,212 SH   DFND 1. 2. 101,212 0 0
American Campus Communitie COM 024835100 89,153 2,192,652 SH   DFND 1. 2. 2,192,652 0 0
Accenture PLC COM G1151C101 590 8,200 SH   DFND 1 8,200 0 0
ANALOG DEVICES COM 032654105 159,825 3,546,934 SH   DFND 1. 2. 3,546,934 0 0
AUTODESK INC COM 052769106 82,585 2,433,277 SH   DFND 1. 2. 2,433,277 0 0
ADT CORP COM 00101J106 99,772 2,503,680 SH   DFND 1. 2. 2,503,680 0 0
American Eagle Outfitters COM 02553E106 345 18,901 SH   DFND 1. 2. 18,901 0 0
AerCap Holdings NV COM N00985106 14,654 839,300 SH   DFND 1 839,300 0 0
Aetna Inc COM 00817Y108 124,661 1,961,926 SH   DFND 1. 2. 1,961,926 0 0
American Capital Agency Co COM 02503X105 2,640 114,830 SH   DFND 1 114,830 0 0
AMERICAN INTL GROUP COM 026874784 17,183 384,400 SH   DFND 1 384,400 0 0
Albany International Corp COM 012348108 11,174 338,800 SH   DFND 1 338,800 0 0
ALLSTATE CORP COM 020002101 172,739 3,589,748 SH   DFND 1. 2. 3,589,748 0 0
Altera Corp COM 021441100 114,859 3,481,643 SH   DFND 1. 2. 3,481,643 0 0
Applied Materials Inc COM 038222105 30,724 2,060,619 SH   DFND 1. 2. 2,060,619 0 0
Amgen Inc COM 031162100 1,887 19,129 SH   DFND 1 19,129 0 0
AMERIPRISE FINANCIAL INC COM 03076C106 85,796 1,060,782 SH   DFND 1. 2. 1,060,782 0 0
AngioDynamics Inc COM 03475V101 10,525 933,100 SH   DFND 1 933,100 0 0
ANADARKO PETROLEUM CORP COM 032511107 81,982 954,055 SH   DFND 1. 2. 954,055 0 0
ALEXANDRIA REAL ESTATE E COM 015271109 86,738 1,319,812 SH   DFND 1. 2. 1,319,812 0 0
Aeropostale Inc COM 007865108 8,684 629,255 SH   DFND 1. 2. 629,255 0 0
Ascena Retail Group Inc COM 04351G101 13,313 762,900 SH   DFND 1 762,900 0 0
Astec Industries Inc COM 046224101 22,813 665,300 SH   DFND 1 665,300 0 0
Aptargroup Inc COM 038336103 30,366 550,000 SH   DFND 1 550,000 0 0
AvalonBay Communities Inc COM 053484101 137,881 1,022,019 SH   DFND 1. 2. 1,022,019 0 0
BAXTER INTERNATIONAL INC COM 071813109 5,259 75,915 SH   DFND 1. 2. 75,915 0 0
BBCN Bancorp Inc COM 073295107 44,674 3,141,600 SH   DFND 1 3,141,600 0 0
BB&T CORPORATION COM 054937107 2,521 74,400 SH   DFND 1. 2. 74,400 0 0
Becton Dickinson and Co COM 075887109 1,145 11,585 SH   DFND 1 11,585 0 0
BRIGGS & STRATTON CORP COM 109043109 20,185 1,019,450 SH   DFND 1. 2. 1,019,450 0 0
Berkshire Hills Bancorp In COM 084680107 1,584 57,045 SH   DFND 1. 2. 57,045 0 0
Buckeye Technologies Inc COM 118255108 15,766 425,647 SH   DFND 1 425,647 0 0
BioMed Realty Trust Inc COM 09063H107 9,649 476,975 SH   DFND 1. 2. 476,975 0 0
Bank of Hawaii Corp COM 062540109 158,468 3,149,204 SH   DFND 1. 2. 3,149,204 0 0
BP PLC COM 055622104 7,157 171,460 SH   DFND 1. 2. 171,460 0 0
Brady Corp COM 104674106 40,828 1,328,600 SH   DFND 1 1,328,600 0 0
Berkshire Hathaway Inc COM 084670702 18,163 162,283 SH   DFND 1. 2. 162,283 0 0
Brooks Automation Inc COM 114340102 10,220 1,050,410 SH   DFND 1. 2. 1,050,410 0 0
Brown & Brown Inc COM 115236101 27,004 837,600 SH   DFND 1 837,600 0 0
Babcock & Wilcox Co/The COM 05615F102 119,628 3,983,629 SH   DFND 1. 2. 3,983,629 0 0
Boston Properties Inc COM 101121101 86,333 818,557 SH   DFND 1 818,557 0 0
BancorpSouth Inc COM 059692103 20,479 1,157,000 SH   DFND 1 1,157,000 0 0
CITIGROUP INC COM 172967424 3,570 74,425 SH   DFND 1 74,425 0 0
CA Inc COM 12673P105 85,550 2,988,135 SH   DFND 1. 2. 2,988,135 0 0
Casey's General Stores Inc COM 147528103 69,696 1,158,505 SH   DFND 1. 2. 1,158,505 0 0
Carnival Corp COM 143658300 4,200 122,475 SH   DFND 1. 2. 122,475 0 0
Cullen/Frost Bankers Inc COM 229899109 163,169 2,443,751 SH   DFND 1 2,443,751 0 0
Check Point Software Techn COM M22465104 139,521 2,808,392 SH   DFND 1. 2. 2,808,392 0 0
CIT GROUP INC COM 125581801 199,029 4,268,261 SH   DFND 1. 2. 4,268,261 0 0
CLARCOR Inc COM 179895107 31,368 600,800 SH   DFND 1 600,800 0 0
Cloud Peak Energy Inc COM 18911Q102 12,101 734,300 SH   DFND 1 734,300 0 0
Comerica Inc COM 200340107 68,285 1,714,409 SH   DFND 1 1,714,409 0 0
COMCAST CORP COM 20030N101 2,298 54,860 SH   DFND 1. 2. 54,860 0 0
CANADIAN NATL RESOURCES COM 136385101 243 8,600 SH   DFND 1 8,600 0 0
Rockwell Collins Inc COM 774341101 110,629 1,744,663 SH   DFND 1. 2. 1,744,663 0 0
Columbia Banking System In COM 197236102 24,372 1,023,600 SH   DFND 1 1,023,600 0 0
Columbia Sportswear Co COM 198516106 17,398 277,700 SH   DFND 1 277,700 0 0
Canadian Pacific Railway L COM 13645T100 102,477 844,268 SH   DFND 1. 2. 844,268 0 0
Charles River Laboratories COM 159864107 138,798 3,382,842 SH   DFND 1. 2. 3,382,842 0 0
CISCO SYSTEMS INC COM 17275R102 10,566 434,641 SH   DFND 1. 2. 434,641 0 0
CSX Corp COM 126408103 216 9,313 SH   DFND 1 9,313 0 0
CenturyLink Inc COM 156700106 83,312 2,356,766 SH   DFND 1. 2. 2,356,766 0 0
Covance Inc COM 222816100 18,426 242,000 SH   DFND 1 242,000 0 0
Cenovus Energy Inc COM 15135U109 228 8,000 SH   DFND 1 8,000 0 0
CVS Caremark Corp COM 126650100 1,726 30,193 SH   DFND 1. 2. 30,193 0 0
Chevron Corp COM 166764100 8,887 75,100 SH   DFND 1 75,100 0 0
City National Corp/CA COM 178566105 23,738 374,600 SH   DFND 1 374,600 0 0
Dana Holding Corp COM 235825205 22,671 1,177,125 SH   DFND 1 1,177,125 0 0
Diebold Inc COM 253651103 143,366 4,255,443 SH   DFND 1. 2. 4,255,443 0 0
NTT DOCOMO Inc COM 62942M201 219 14,000 SH   DFND 1 14,000 0 0
Deere & Co COM 244199105 71,106 875,148 SH   DFND 1. 2. 875,148 0 0
Discover Financial Service COM 254709108 178,876 3,754,739 SH   DFND 1. 2. 3,754,739 0 0
Quest Diagnostics Inc COM 74834L100 117,887 1,944,368 SH   DFND 1. 2. 1,944,368 0 0
D.R. HORTON INC COM 23331A109 1,890 88,816 SH   DFND 1. 2. 88,816 0 0
Walt Disney Co/The COM 254687106 4,861 76,975 SH   DFND 1. 2. 76,975 0 0
Dr Pepper Snapple Group In COM 26138E109 110,740 2,411,050 SH   DFND 1. 2. 2,411,050 0 0
DiamondRock Hospitality Co COM 252784301 108,848 11,678,968 SH   DFND 1 11,678,968 0 0
Darden Restaurants Inc COM 237194105 202 4,000 SH   DFND 1 4,000 0 0
DEVON ENERGY CORPORATION COM 25179M103 4,193 80,817 SH   DFND 1. 2. 80,817 0 0
Education Realty Trust Inc COM 28140H104 17,805 1,740,500 SH   DFND 1 1,740,500 0 0
Equity Lifestyle Propertie COM 29472R108 71,391 908,398 SH   DFND 1. 2. 908,398 0 0
Callaway Golf Co COM 131193104 15,444 2,347,050 SH   DFND 1. 2. 2,347,050 0 0
EMC Corp/MA COM 268648102 6,794 287,645 SH   DFND 1. 2. 287,645 0 0
EMCOR Group Inc COM 29084Q100 26,801 659,300 SH   DFND 1 659,300 0 0
Endurance Specialty Holdin COM G30397106 10,799 209,900 SH   DFND 1 209,900 0 0
Enterprise Products Partne COM 293792107 926 14,900 SH   DFND 1 14,900 0 0
Equity Residential COM 29476L107 567 9,766 SH   DFND 1 9,766 0 0
EQT Corp COM 26884L109 2,662 33,533 SH   DFND 1. 2. 33,533 0 0
Ensco PLC COM G3157S106 109,900 1,890,907 SH   DFND 1. 2. 1,890,907 0 0
Entergy Corp COM 29364G103 55,287 793,439 SH   DFND 1. 2. 793,439 0 0
Evercore Partners Inc COM 29977A105 13,952 355,200 SH   DFND 1 355,200 0 0
Exelon Corp COM 30161N101 87,745 2,841,483 SH   DFND 1. 2. 2,841,483 0 0
FREEPORT-MCMORAN C & G COM 35671D857 4,240 153,560 SH   DFND 1. 2. 153,560 0 0
FEDEX CORP COM 31428X106 5,336 54,126 SH   DFND 1. 2. 54,126 0 0
Fifth Third Bancorp COM 316773100 144,255 7,991,961 SH   DFND 1. 2. 7,991,961 0 0
Flowers Foods Inc COM 343498101 19,204 870,943 SH   DFND 1. 2. 870,943 0 0
First Niagara Financial Gr COM 33582V108 26,989 2,680,149 SH   DFND 1. 2. 2,680,149 0 0
FIRST REPUBLIC BANK/SF COM 33616C100 124,196 3,227,535 SH   DFND 1. 2. 3,227,535 0 0
Fulton Financial Corp COM 360271100 152,647 13,296,782 SH   DFND 1. 2. 13,296,782 0 0
AGL Resources Inc COM 001204106 62,025 1,447,147 SH   DFND 1. 2. 1,447,147 0 0
Glacier Bancorp Inc COM 37637Q105 17,781 801,300 SH   DFND 1. 2. 801,300 0 0
Genesco Inc COM 371532102 10,936 163,252 SH   DFND 1 163,252 0 0
General Dynamics Corp COM 369550108 139,751 1,784,127 SH   DFND 1. 2. 1,784,127 0 0
General Electric Co COM 369604103 2,827 121,886 SH   DFND 1. 2. 121,886 0 0
GREIF INC COM 397624107 263 5,000 SH   DFND 1 5,000 0 0
Goldcorp Inc COM 380956409 92,977 3,759,700 SH   DFND 1. 2. 3,759,700 0 0
GILEAD SCIENCES INC COM 375558103 2,635 51,450 SH   DFND 1. 2. 51,450 0 0
GENERAL MILLS INC COM 370334104 2,725 56,152 SH   DFND 1. 2. 56,152 0 0
SPDR Gold Shares COM 78463V107 1,240 10,410 SH   DFND 1. 2. 10,410 0 0
PH Glatfelter Co COM 377316104 19,754 787,000 SH   DFND 1 787,000 0 0
Global Payments Inc COM 37940X102 85,506 1,845,993 SH   DFND 1. 2. 1,845,993 0 0
Garmin Ltd COM H2906T109 42,520 1,175,898 SH   DFND 1. 2. 1,175,898 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,387 9,169 SH   DFND 1 9,169 0 0
GlaxoSmithKline PLC COM 37733W105 6,948 139,050 SH   DFND 1. 2. 139,050 0 0
Globe Specialty Metals Inc COM 37954N206 10,090 928,200 SH   DFND 1 928,200 0 0
Granite Construction Inc COM 387328107 40,542 1,362,300 SH   DFND 1. 2. 1,362,300 0 0
Hancock Holding Co COM 410120109 41,518 1,380,725 SH   DFND 1. 2. 1,380,725 0 0
HCP Inc COM 40414L109 95,148 2,093,918 SH   DFND 1. 2. 2,093,918 0 0
Hess Corp COM 42809H107 79,552 1,196,447 SH   DFND 1. 2. 1,196,447 0 0
Heritage Financial Corp/WA COM 42722X106 548 37,400 SH   DFND 1. 2. 37,400 0 0
Hittite Microwave Corp COM 43365Y104 16,745 288,700 SH   DFND 1 288,700 0 0
Home Properties Inc COM 437306103 76,727 1,173,729 SH   DFND 1. 2. 1,173,729 0 0
Health Net Inc/CA COM 42222G108 35,922 1,128,927 SH   DFND 1 1,128,927 0 0
HONEYWELL INTERNATIONAL COM 438516106 1,587 20,000 SH   DFND 1 20,000 0 0
Healthcare Realty Trust In COM 421946104 12,620 494,900 SH   DFND 1. 2. 494,900 0 0
Hill-Rom Holdings Inc COM 431475102 120,694 3,583,550 SH   DFND 1. 2. 3,583,550 0 0
Healthcare Trust of Americ COM 42225P105 194 17,300 SH   DFND 1. 2. 17,300 0 0
Hatteras Financial Corp COM 41902R103 1,933 78,460 SH   DFND 1 78,460 0 0
Harris Teeter Supermarkets COM 414585109 31,599 674,324 SH   DFND 1. 2. 674,324 0 0
MarineMax Inc COM 567908108 18,928 1,670,650 SH   DFND 1. 2. 1,670,650 0 0
IBM CORP COM 459200101 1,149 6,013 SH   DFND 1 6,013 0 0
IntercontinentalExchange I COM 45865V100 80,357 452,051 SH   DFND 1. 2. 452,051 0 0
ICON PLC COM G4705A100 13,336 376,400 SH   DFND 1 376,400 0 0
II-VI Inc COM 902104108 14,829 912,000 SH   DFND 1 912,000 0 0
Intel Corp COM 458140100 1,942 80,176 SH   DFND 1 80,176 0 0
Infinity Property & Casual COM 45665Q103 25,045 419,100 SH   DFND 1 419,100 0 0
Intrepid Potash Inc COM 46121Y102 8,001 420,000 SH   DFND 1 420,000 0 0
Investors Bancorp Inc COM 46146P102 28,589 1,356,200 SH   DFND 1 1,356,200 0 0
Invesco Ltd COM G491BT108 77,889 2,449,325 SH   DFND 1. 2. 2,449,325 0 0
Johnson Controls Inc COM 478366107 69,532 1,942,791 SH   DFND 1. 2. 1,942,791 0 0
Jacobs Engineering Group I COM 469814107 104,312 1,892,105 SH   DFND 1. 2. 1,892,105 0 0
J&J Snack Foods Corp COM 466032109 31,207 401,121 SH   DFND 1. 2. 401,121 0 0
JOHNSON & JOHNSON COM 478160104 23,093 268,966 SH   DFND 1. 2. 268,966 0 0
St Joe Co/The COM 790148100 20,371 967,728 SH   DFND 1. 2. 967,728 0 0
JPMORGAN CHASE & CO COM 46625H100 3,186 60,351 SH   DFND 1 60,351 0 0
Nordstrom Inc COM 655664100 109,456 1,826,095 SH   DFND 1. 2. 1,826,095 0 0
KBR Inc COM 48242W106 127,852 3,933,893 SH   DFND 1. 2. 3,933,893 0 0
Kaydon Corp COM 486587108 47,029 1,707,041 SH   DFND 1. 2. 1,707,041 0 0
Kirby Corp COM 497266106 172,847 2,173,083 SH   DFND 1. 2. 2,173,083 0 0
Kemper Corp COM 488401100 38,778 1,132,200 SH   DFND 1. 2. 1,132,200 0 0
Kennametal Inc COM 489170100 96,583 2,487,330 SH   DFND 1. 2. 2,487,330 0 0
Kroger Co/The COM 501044101 105,813 3,063,478 SH   DFND 1. 2. 3,063,478 0 0
Kohl's Corp COM 500255104 81,985 1,623,150 SH   DFND 1. 2. 1,623,150 0 0
Kansas City Southern COM 485170302 64,434 608,098 SH   DFND 1. 2. 608,098 0 0
Lazard Ltd COM G54050102 25,107 780,925 SH   DFND 1. 2. 780,925 0 0
Landauer Inc COM 51476K103 217 4,500 SH   DFND 1 4,500 0 0
Lear Corp COM 521865204 72,058 1,191,829 SH   DFND 1. 2. 1,191,829 0 0
Lincoln Electric Holdings COM 533900106 34,643 604,900 SH   DFND 1 604,900 0 0
Laboratory Corp of America COM 50540R409 200,419 2,002,187 SH   DFND 1. 2. 2,002,187 0 0
Alliant Energy Corp COM 018802108 8,909 176,705 SH   DFND 1 176,705 0 0
Macy's Inc COM 55616P104 49,033 1,021,529 SH   DFND 1 1,021,529 0 0
Mid-America Apartment Comm COM 59522J103 49,613 732,076 SH   DFND 1. 2. 732,076 0 0
MCDONALD'S CORP COM 580135101 5,244 52,965 SH   DFND 1. 2. 52,965 0 0
Microchip Technology Inc COM 595017104 261 7,000 SH   DFND 1 7,000 0 0
MCKESSON CORP COM 58155Q103 147,044 1,284,224 SH   DFND 1. 2. 1,284,224 0 0
MICROS Systems Inc COM 594901100 83,175 1,927,585 SH   DFND 1. 2. 1,927,585 0 0
Medtronic Inc COM 585055106 7,751 150,601 SH   DFND 1. 2. 150,601 0 0
MKS Instruments Inc COM 55306N104 38,909 1,466,050 SH   DFND 1. 2. 1,466,050 0 0
Marsh & McLennan Cos Inc COM 571748102 246,749 6,181,077 SH   DFND 1. 2. 6,181,077 0 0
Mosaic Co/The COM 61945C103 91,755 1,705,164 SH   DFND 1. 2. 1,705,164 0 0
MPLX LP COM 55336V100 2,739 74,400 SH   DFND 1 74,400 0 0
Montpelier Re Holdings Ltd COM G62185106 20,466 818,300 SH   DFND 1 818,300 0 0
MERCK & CO INC COM 58933Y105 24,616 529,955 SH   DFND 1. 2. 529,955 0 0
MORGAN STANLEY COM 617446448 879 36,000 SH   DFND 1 36,000 0 0
MICROSOFT CORP COM 594918104 21,181 613,410 SH   DFND 1. 2. 613,410 0 0
Men's Wearhouse Inc/The COM 587118100 83,826 2,214,687 SH   DFND 1. 2. 2,214,687 0 0
Navigators Group Inc/The COM 638904102 13,279 232,800 SH   DFND 1. 2. 232,800 0 0
Noble Energy Inc COM 655044105 132,150 2,201,038 SH   DFND 1. 2. 2,201,038 0 0
NICE Systems Ltd COM 653656108 27,122 735,210 SH   DFND 1. 2. 735,210 0 0
National Oilwell Varco Inc COM 637071101 90,319 1,310,872 SH   DFND 1. 2. 1,310,872 0 0
Norfolk Southern Corp COM 655844108 66,269 912,167 SH   DFND 1. 2. 912,167 0 0
Netscout Systems Inc COM 64115T104 11,030 472,600 SH   DFND 1 472,600 0 0
Novartis AG COM 66987V109 20,880 295,290 SH   DFND 1. 2. 295,290 0 0
OceanFirst Financial Corp COM 675234108 9,349 601,200 SH   DFND 1. 2. 601,200 0 0
Orthofix International NV COM N6748L102 16,986 631,450 SH   DFND 1. 2. 631,450 0 0
Omnicell Inc COM 68213N109 24,433 1,188,950 SH   DFND 1. 2. 1,188,950 0 0
Owens & Minor Inc COM 690732102 68,167 2,015,000 SH   DFND 1. 2. 2,015,000 0 0
Oracle Corp COM 68389X105 5,409 176,065 SH   DFND 1. 2. 176,065 0 0
OCCIDENTAL PETROLEUM COR COM 674599105 25,014 280,331 SH   DFND 1. 2. 280,331 0 0
Plains All American Pipeli COM 726503105 171,181 3,067,203 SH   DFND 1. 2. 3,067,203 0 0
PacWest Bancorp COM 695263103 29,114 949,900 SH   DFND 1 949,900 0 0
Prosperity Bancshares Inc COM 743606105 40,774 787,300 SH   DFND 1 787,300 0 0
People's United Financial COM 712704105 554 37,200 SH   DFND 1. 2. 37,200 0 0
Potlatch Corp COM 737630103 91,258 2,256,638 SH   DFND 1. 2. 2,256,638 0 0
Patterson Cos Inc COM 703395103 171,937 4,572,797 SH   DFND 1. 2. 4,572,797 0 0
PEPSICO INC COM 713448108 17,352 212,151 SH   DFND 1 212,151 0 0
PetSmart Inc COM 716768106 140,144 2,092,021 SH   DFND 1. 2. 2,092,021 0 0
Pfizer Inc COM 717081103 20,825 743,502 SH   DFND 1. 2. 743,502 0 0
Provident Financial Servic COM 74386T105 21,377 1,354,700 SH   DFND 1 1,354,700 0 0
Procter & Gamble Co/The COM 742718109 9,220 119,751 SH   DFND 1. 2. 119,751 0 0
PACKAGING CORP OF AMERIC COM 695156109 10,326 210,900 SH   DFND 1 210,900 0 0
PerkinElmer Inc COM 714046109 82,306 2,532,505 SH   DFND 1. 2. 2,532,505 0 0
Polycom Inc COM 73172K104 66,225 6,283,175 SH   DFND 1. 2. 6,283,175 0 0
PNC Financial Services Gro COM 693475105 14,427 197,841 SH   DFND 1. 2. 197,841 0 0
PAA Natural Gas Storage LP COM 693139107 27,955 1,328,650 SH   DFND 1. 2. 1,328,650 0 0
Potash Corp of Saskatchewa COM 73755L107 408 10,700 SH   DFND 1 10,700 0 0
PPL CORPORATION COM 69351T106 230,283 7,610,139 SH   DFND 1. 2. 7,610,139 0 0
Post Properties Inc COM 737464107 6,919 139,800 SH   DFND 1 139,800 0 0
Public Storage COM 74460D109 50,752 330,999 SH   DFND 1. 2. 330,999 0 0
QUALCOMM Inc COM 747525103 11,753 192,425 SH   DFND 1. 2. 192,425 0 0
QEP Resources Inc COM 74733V100 152,926 5,504,886 SH   DFND 1. 2. 5,504,886 0 0
QLogic Corp COM 747277101 21,871 2,287,767 SH   DFND 1. 2. 2,287,767 0 0
Royal Dutch Shell PLC COM 780259206 4,333 67,912 SH   DFND 1 67,912 0 0
Everest Re Group Ltd COM G3223R108 82,533 643,483 SH   DFND 1. 2. 643,483 0 0
Reinsurance Group of Ameri COM 759351604 144,685 2,093,549 SH   DFND 1. 2. 2,093,549 0 0
Robert Half International COM 770323103 141,834 4,268,254 SH   DFND 1 4,268,254 0 0
RAYMOND JAMES FINANCIAL COM 754730109 163,467 3,803,332 SH   DFND 1. 2. 3,803,332 0 0
Republic Services Inc COM 760759100 208,952 6,156,512 SH   DFND 1. 2. 6,156,512 0 0
Redwood Trust Inc COM 758075402 44,427 2,613,356 SH   DFND 1. 2. 2,613,356 0 0
Rayonier Inc COM 754907103 105,628 1,906,987 SH   DFND 1. 2. 1,906,987 0 0
Sanderson Farms Inc COM 800013104 13,277 199,900 SH   DFND 1 199,900 0 0
SK Telecom Co Ltd COM 78440P108 305 15,000 SH   DFND 1 15,000 0 0
Schlumberger Ltd COM 806857108 7,520 104,934 SH   DFND 1 104,934 0 0
Semtech Corp COM 816850101 24,998 713,624 SH   DFND 1. 2. 713,624 0 0
Synopsys Inc COM 871607107 136,656 3,822,545 SH   DFND 1. 2. 3,822,545 0 0
SONOCO PRODUCTS CO COM 835495102 39,738 1,149,500 SH   DFND 1 1,149,500 0 0
SingTel COM B02PY22 336 113,000 SH   DFND 1 113,000 0 0
STERIS Corp COM 859152100 68,427 1,595,769 SH   DFND 1. 2. 1,595,769 0 0
SunTrust Banks Inc COM 867914103 102,042 3,232,251 SH   DFND 1. 2. 3,232,251 0 0
Sterling Construction Co I COM 859241101 14,203 1,567,705 SH   DFND 1. 2. 1,567,705 0 0
State Street Corp COM 857477103 85,266 1,307,565 SH   DFND 1. 2. 1,307,565 0 0
Stanley Black & Decker Inc COM 854502101 131,834 1,705,479 SH   DFND 1. 2. 1,705,479 0 0
Stryker Corp COM 863667101 150,631 2,328,862 SH   DFND 1. 2. 2,328,862 0 0
Symantec Corp COM 871503108 44,892 1,997,859 SH   DFND 1. 2. 1,997,859 0 0
Sysco Corp COM 871829107 75,400 2,207,266 SH   DFND 1. 2. 2,207,266 0 0
AT&T INC COM 00206R102 1,718 48,542 SH   DFND 1. 2. 48,542 0 0
MOLSON COORS BREWING CO COM 60871R209 132,909 2,777,037 SH   DFND 1. 2. 2,777,037 0 0
Texas Capital Bancshares I COM 88224Q107 31,607 712,500 SH   DFND 1 712,500 0 0
Taubman Centers Inc COM 876664103 77,960 1,037,397 SH   DFND 1 1,037,397 0 0
Tidewater Inc COM 886423102 46,231 811,506 SH   DFND 1. 2. 811,506 0 0
Tesco Corp COM 88157K101 7,105 536,200 SH   DFND 1. 2. 536,200 0 0
Teva Pharmaceutical Indust COM 881624209 149,032 3,801,829 SH   DFND 1. 2. 3,801,829 0 0
Target Corp COM 87612E106 2,524 36,655 SH   DFND 1 36,655 0 0
Thoratec Corp COM 885175307 16,431 524,800 SH   DFND 1 524,800 0 0
Talisman Energy Inc COM 87425E103 2,126 185,975 SH   DFND 1. 2. 185,975 0 0
Torchmark Corp COM 891027104 170,849 2,622,800 SH   DFND 1. 2. 2,622,800 0 0
THERMO FISHER SCIENTIFIC COM 883556102 147,053 1,737,598 SH   DFND 1. 2. 1,737,598 0 0
Total SA COM 89151E109 511 10,500 SH   DFND 1 10,500 0 0
TRAVELERS COS INC COM 89417E109 64,576 808,013 SH   DFND 1. 2. 808,013 0 0
TRW Automotive Holdings Co COM 87264S106 62,275 937,312 SH   DFND 1 937,312 0 0
Tetra Tech Inc COM 88162G103 32,235 1,371,100 SH   DFND 1. 2. 1,371,100 0 0
Grupo Televisa SAB COM 40049J206 4,216 169,740 SH   DFND 1 169,740 0 0
Two Harbors Investment Cor COM 90187B101 123,405 12,039,500 SH   DFND 1. 2. 12,039,500 0 0
TIME WARNER INC COM 887317303 2,596 44,900 SH   DFND 1 44,900 0 0
Tyco International Ltd COM H89128104 129,636 3,934,336 SH   DFND 1. 2. 3,934,336 0 0
Unilever PLC COM 904767704 92,472 2,286,073 SH   DFND 1. 2. 2,286,073 0 0
US BANCORP COM 902973304 1,723 47,670 SH   DFND 1. 2. 47,670 0 0
United Technologies Corp COM 913017109 988 10,629 SH   DFND 1 10,629 0 0
Univest Corp of Pennsylvan COM 915271100 2,623 137,559 SH   DFND 1. 2. 137,559 0 0
Varian Medical Systems Inc COM 92220P105 64,777 960,369 SH   DFND 1. 2. 960,369 0 0
VF Corp COM 918204108 81,731 423,345 SH   DFND 1 423,345 0 0
Meridian Bioscience Inc COM 589584101 226 10,500 SH   DFND 1 10,500 0 0
Vodafone Group PLC COM 92857W209 170,048 5,916,767 SH   DFND 1. 2. 5,916,767 0 0
Washington Federal Inc COM 938824109 129,371 6,852,281 SH   DFND 1. 2. 6,852,281 0 0
WESTERN GAS PARTNERS COM 958254104 27,118 417,900 SH   DFND 1 417,900 0 0
WELLS FARGO & COMPANY COM 949746101 19,224 465,804 SH   DFND 1. 2. 465,804 0 0
WHITING PETROLEUM CORP COM 966387102 137,110 2,974,826 SH   DFND 1. 2. 2,974,826 0 0
WellPoint Inc COM 94973V107 48,975 598,424 SH   DFND 1. 2. 598,424 0 0
Western Asset Mortgage Cap COM 95790D105 1,556 89,145 SH   DFND 1 89,145 0 0
Weis Markets Inc COM 948849104 212 4,700 SH   DFND 1 4,700 0 0
WAL-MART STORES INC COM 931142103 1,543 20,711 SH   DFND 1. 2. 20,711 0 0
WESTERN UNION CO/THE COM 959802109 108,657 6,350,486 SH   DFND 1. 2. 6,350,486 0 0
Wolverine World Wide Inc COM 978097103 17,661 323,410 SH   DFND 1. 2. 323,410 0 0
Weyerhaeuser Co COM 962166104 133,844 4,697,934 SH   DFND 1. 2. 4,697,934 0 0
ZIONS BANCORP COM 989701107 42,782 1,481,387 SH   DFND 1. 2. 1,481,387 0 0
Zimmer Holdings Inc COM 98956P102 105,633 1,409,570 SH   DFND 1. 2. 1,409,570 0 0