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
AJS BANCORP Common 001503101 183 15,000 SH   SOLE   15,000 0 0
ALLETE Common US0185223 4,652 90,600 SH   SOLE   90,000 0 0
AMERIS BANCORP Common US03076K1 10,382 481,529 SH   SOLE   479,847 0 0
ASTORIA FINANCIAL CORP Common US0462651 4,989 370,915 SH   SOLE   369,615 0 0
BNC BANCORP Common 05566T101 5,308 310,995 SH   SOLE   310,995 0 0
BROOKLINE BANCORP INC Common US11373M1 3,366 359,300 SH   SOLE   359,300 0 0
BROOKS AUTOMATION INC Common US1143401 5,432 504,359 SH   SOLE   502,269 0 0
CAMBRIDGE BANCORP Common US1321521 1,028 24,482 SH   SOLE   24,482 0 0
CARTER'S INC Common US1462291 4,697 68,151 SH   SOLE   67,751 0 0
CITY HOLDING CO Common US1778351 189 4,195 SH   SOLE   4,195 0 0
COLONY BANKCORP INC. Common US19623P1 1,510 239,316 SH   SOLE   238,716 0 0
DIME COMMUNITY BANCSHARES INC Common US2539221 6,900 437,000 SH   SOLE   435,600 0 0
FIRST CONNECTICUT BANCORP, INC. Common US3198501 663 41,300 SH   SOLE   41,300 0 0
FOREST LABORATORIES INC Common US3458381 10,128 102,300 SH   SOLE   101,800 0 0
FRONTIER COMMUNICATIONS CORP Common US35906A1 7,779 1,332,017 SH   SOLE   1,326,254 0 0
GENERAL DYNAMICS CORP. Common US3695501 6,394 54,860 SH   SOLE   54,631 0 0
HEWLETT-PACKARD CO Common US4282361 9,687 287,614 SH   SOLE   286,614 0 0
INDEPENDENT BANK CORP/MA Common US4538361 6,839 178,179 SH   SOLE   177,511 0 0
INTERNATIONAL BANCSHARES CORP Common US4590441 6,942 257,105 SH   SOLE   256,007 0 0
JM SMUCKER CO/THE Common US8326964 5,605 52,600 SH   SOLE   52,300 0 0
MARATHON OIL CORP Common US5658491 6,833 171,182 SH   SOLE   170,482 0 0
MARATHON PETROLEUM CORP Common US56585A1 5,417 69,391 SH   SOLE   69,041 0 0
MICROSOFT CORP. Common US5949181 8,311 199,300 SH   SOLE   198,700 0 0
NAUGATUCK VALLEY FINANCIAL Common US63906P1 322 38,600 SH   SOLE   38,600 0 0
NEXTERA ENERGY, INC. Common US65339F1 8,382 81,794 SH   SOLE   81,394 0 0
PARK STERLING CORP Common US70086Y1 339 51,438 SH   SOLE   51,438 0 0
PEOPLES BANCORP INC Common US7097891 1,471 55,600 SH   SOLE   55,300 0 0
PRAXAIR INC. Common US74005P1 5,611 42,240 SH   SOLE   42,032 0 0
QUEST DIAGNOSTICS Common US74834L1 5,496 93,647 SH   SOLE   93,347 0 0
REGAL ENTERTAINMENT GROUP - A Common US7587661 3,156 149,587 SH   SOLE   148,887 0 0
SOUTHWEST BANCORP INC. Common US8447671 6,887 403,667 SH   SOLE   402,297 0 0
THE CHUBB CORPORATION Common US1712321 5,671 61,525 SH   SOLE   61,225 0 0
UNITED FINANCIAL BANCORP INC Common US9103041 262 19,348 SH   SOLE   19,348 0 0
UNITEDHEALTH GROUP INC Common US91324P1 6,219 76,072 SH   SOLE   75,518 0 0
UNIVEST CORP OF PENNSYLVANIA Common US9152711 6,033 291,429 SH   SOLE   290,429 0 0
VERIZON COMMUNICATIONS Common US92343V1 3,547 72,496 SH   SOLE   72,016 0 0
WEBSTER FINANCIAL CORP - CT Common US9478901 5,675 179,916 SH   SOLE   179,550 0 0
WELLPOINT INC (NEW) Common US94973V1 9,186 85,362 SH   SOLE   85,000 0 0
WESTERN UNION CO. Common US9598021 5,941 342,600 SH   SOLE   341,500 0 0
XEROX CORP Common US9841211 6,909 555,400 SH   SOLE   552,500 0 0
BHP BILLITON PLC - ADR (UK) ADR 05545E209 67,150 1,029,428 SH   SOLE   857,337 0 0
INFOSYS LTD - SP ADR Spon ADR US4567881 64,580 1,201,050 SH   SOLE   971,546 0 0
METHANEX CORPORATION (US SHARES) ADR 59151K108 158 2,550 SH   SOLE   2,050 0 0
NOVARTIS AG-ADR ADR 66987V109 54 600 SH   SOLE   0 0 0
SAMSUNG ELECTRONICS COMMON-GDR GDR 796050888 22,265 34,081 SH   SOLE   12,256 0 0
SAMSUNG ELECTRONICS PFD N/V-GDR GDR 796050201 194 370 SH   SOLE   370 0 0
SHANGHAI MECHANICAL AND EL-B SHARES Common 6797436 3,728 2,248,563 SH   SOLE   2,248,563 0 0
TAIWAN SEMICONDUCTOR - SP ADR Spon ADR 874039100 369 17,239 SH   SOLE   17,239 0 0
TEVA PHARMACEUTICAL - SP ADR Spon ADR US8816242 80,461 1,534,931 SH   SOLE   1,299,791 0 0