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
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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 88579Y101 34,738 290,912 SH   SOLE 0 290,912 0 0
Agrium Inc COM 008916108 33,348 396,856 SH   SOLE 0 396,856 0 0
Apple Inc COM 037833100 290 609 SH   SOLE 0 609 0 0
Briggs & Stratton Corp COM 109043109 14,611 726,211 SH   SOLE 0 726,211 0 0
Chicago Bridge & Iron Co N V COM 167250109 52,381 772,922 SH   SOLE 0 772,922 0 0
Cisco Sys Inc COM 17275R102 44,817 1,912,708 SH   SOLE 0 1,912,708 0 0
Corning Inc COM 219350105 29,783 2,041,318 SH   SOLE 0 2,041,318 0 0
Du Pont E I De Nemours & Co COM 263534109 41,349 706,103 SH   SOLE 0 706,103 0 0
Emerson Elec Co COM 291011104 17,359 268,299 SH   SOLE 0 268,299 0 0
FedEx Corp COM 31428X106 35,152 308,053 SH   SOLE 0 308,053 0 0
Ingersoll-Rand PLC SHS G47791101 41,690 641,983 SH   SOLE 0 641,983 0 0
Intel Corp COM 458140100 39,621 1,728,572 SH   SOLE 0 1,728,572 0 0
Itron Inc COM 465741106 19,194 448,144 SH   SOLE 0 448,144 0 0
Liquidity Services Inc COM 53635B107 25,215 752,701 SH   SOLE 0 752,701 0 0
Materion Corp COM 576690101 23,016 717,908 SH   SOLE 0 717,908 0 0
NCR Corp New COM 62886E108 60,097 1,517,220 SH   SOLE 0 1,517,220 0 0
National Oilwell Varco Inc COM 637071101 41,944 536,986 SH   SOLE 0 536,986 0 0
Northstar Rlty Fin Corp COM 66704R100 93 10,000 SH   SOLE 0 10,000 0 0
Opko Health Inc COM 68375N103 88 10,000 SH   SOLE 0 10,000 0 0
Oracle Corp COM 68389X105 28,736 866,319 SH   SOLE 0 866,319 0 0
Scotts Miracle Gro Co CL A 810186106 19,541 355,105 SH   SOLE 0 355,105 0 0
Siemens A G SPONSORED ADR 826197501 39,422 327,125 SH   SOLE 0 327,125 0 0
Sony Corp ADR NEW 835699307 20,184 937,896 SH   SOLE 0 937,896 0 0
Stanley Black & Decker Inc COM 854502101 32,798 362,127 SH   SOLE 0 362,127 0 0
Terex Corp New COM 880779103 41,376 1,231,428 SH   SOLE 0 1,231,428 0 0
Wabtec Corp COM 929740108 27,875 443,375 SH   SOLE 0 443,375 0 0
Wells Fargo & Co New COM 949746101 329 7,970 SH   SOLE 0 7,970 0 0
Xylem Inc COM 98419M100 34,717 1,242,983 SH   SOLE 0 1,242,983 0 0