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
3M CO COM 88579Y101 36,104 254,828 SH   SOLE   254,828 0 0
Aegion Corp COM 00770F104 11,225 504,491 SH   SOLE   504,491 0 0
Agrium Inc COM 8916108 22,765 255,783 SH   SOLE   255,783 0 0
ALBEMARLE CORP COM 12653101 20,550 348,895 SH   SOLE   348,895 0 0
Apple Inc COM 37833100 423 4,200 SH   SOLE   4,200 0 0
Bank New York Mellon Corp COM 64058100 44,105 1,138,793 SH   SOLE   1,138,793 0 0
Chicago Bridge & Iron Co NV COM 167250109 40,608 701,957 SH   SOLE   701,957 0 0
Cisco Systems Inc COM 17275R102 43,913 1,744,665 SH   SOLE   1,744,665 0 0
Corning Inc COM 219350105 34,716 1,795,045 SH   SOLE   1,795,045 0 0
Du Pont E I De Nemours & Co COM 263534109 44,721 623,197 SH   SOLE   623,197 0 0
Fedex Corp COM 31428X106 43,616 270,153 SH   SOLE   270,153 0 0
Ford Mtr Co Del COM PAR $0.01 345370860 158 10,675 SH   SOLE   10,675 0 0
Ingersoll-Rand PLC SHS G47791101 20,199 358,388 SH   SOLE   358,388 0 0
Intel Corp COM 458140100 54,061 1,552,594 SH   SOLE   1,552,594 0 0
Itron Inc COM 465741106 16,699 424,806 SH   SOLE   424,806 0 0
Laboratory Corp Amer Hldgs COM NEW 50540R409 41,319 406,084 SH   SOLE   406,084 0 0
Liquidity Services Inc COM 53635B107 8,879 645,732 SH   SOLE   645,732 0 0
NCR Corp New COM 62886E108 47,474 1,420,963 SH   SOLE   1,420,963 0 0
National Oilwell Varco Inc COM 637071101 27,424 360,364 SH   SOLE   360,364 0 0
Opko Health Inc COM 68375N103 85 10,000 SH   SOLE   10,000 0 0
PRECISION CASTPARTS CORP COM 740189105 28,567 120,596 SH   SOLE   120,596 0 0
Sony Corp ADR NEW 835699307 22,731 1,260,017 SH   SOLE   1,260,017 0 0
Stanley Black & Decker Inc COM 854502101 29,554 332,850 SH   SOLE   332,850 0 0
Terex Corp New COM 880779103 29,453 927,067 SH   SOLE   927,067 0 0
Teva Pharmaceutical Inds Ltd ADR 881624209 41,020 763,172 SH   SOLE   763,172 0 0
Wabtec Corp. COM 929740108 29,208 360,413 SH   SOLE   360,413 0 0
Wells Fargo & Co New COM 949746101 206 3,970 SH   SOLE   3,970 0 0
Xylem Inc COM 98419M100 31,868 897,944 SH   SOLE   897,944 0 0