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
ACTUANT CORP.-A COM 00508X203 6,675 171,852 SH   SOLE 0 105,996 0 65,856
ADV ENERGY INDS COM 007973100 6,385 364,662 SH   SOLE 0 224,850 0 139,812
AGCO CORP. COM 001084102 4,618 76,438 SH   SOLE 0 55,808 0 20,630
AGILENT TECH INC. COM 00846U101 2,425 47,325 SH   SOLE 0 34,582 0 12,743
AMEREN CORP. COM 023608102 1,884 54,070 SH   SOLE 0 39,480 0 14,590
AMERISAFE INC. COM 03071H100 7,214 203,155 SH   SOLE 0 125,264 0 77,891
AMSURG CORP. COM 03232P405 4,957 124,873 SH   SOLE 0 77,012 0 47,861
ARROW ELECTRONIC COM 042735100 4,056 83,582 SH   SOLE 0 61,025 0 22,557
ASSURANT INC. COM 04621X108 3,152 58,270 SH   SOLE 0 42,560 0 15,710
ASTEC INDUSTRIES COM 046224101 5,451 151,574 SH   SOLE 0 93,497 0 58,077
ASTORIA FINL COM 046265104 3,713 298,509 SH   SOLE 0 184,106 0 114,403
AUTONATION INC. COM 05329W102 3,367 64,538 SH   SOLE 0 47,126 0 17,412
AVISTA CORP. COM 05379B107 4,770 180,689 SH   SOLE 0 111,444 0 69,245
BECTON DICKINSON COM 075887109 2,462 24,616 SH   SOLE 0 17,966 0 6,650
BED BATH &BEYOND COM 075896100 3,381 43,700 SH   SOLE 0 31,900 0 11,800
BELDEN INC. COM 077454106 9,399 146,747 SH   SOLE 0 90,504 0 56,243
BENCHMARK ELECTR COM 08160H101 8,083 353,118 SH   SOLE 0 217,803 0 135,315
BIO-REFER LABS COM 09057G602 6,713 224,667 SH   SOLE 0 138,640 0 86,027
BROCADE COMM SYS COM 111621306 3,322 412,670 SH   SOLE 0 301,980 0 110,690
CABELAS INC. COM 126804301 7,272 115,371 SH   SOLE 0 71,110 0 44,261
CAPITAL ONE FINA COM 14040H105 4,543 66,090 SH   SOLE 0 48,250 0 17,840
CAPITALSOURCE IN COM 14055X102 7,562 636,492 SH   SOLE 0 392,540 0 243,952
CARDINAL HEALTH COM 14149Y108 2,524 48,400 SH   SOLE 0 35,450 0 12,950
CHICOS FAS INC. COM 168615102 2,681 160,952 SH   SOLE 0 117,532 0 43,420
CIGNA CORP. COM 125509109 3,740 48,660 SH   SOLE 0 35,540 0 13,120
CIMAREX ENERGY C COM 171798101 3,478 36,080 SH   SOLE 0 26,340 0 9,740
COLUMBIA BANKING COM 197236102 8,167 330,635 SH   SOLE 0 203,935 0 126,700
CONSTANT CONTACT COM 210313102 7,341 309,994 SH   SOLE 0 191,110 0 118,884
CONSTELLATION-A COM 21036P108 2,411 42,008 SH   SOLE 0 30,749 0 11,259
CORNING INC. COM 219350105 3,154 216,150 SH   SOLE 0 158,130 0 58,020
CSG SYSTEMS INTL COM 126349109 6,627 264,565 SH   SOLE 0 163,008 0 101,557
CYTEC INDS COM 232820100 11,030 135,567 SH   SOLE 0 88,509 0 47,058
DICKS SPORTING COM 253393102 2,555 47,870 SH   SOLE 0 34,990 0 12,880
DISCOVER FINANCI COM 254709108 6,082 120,340 SH   SOLE 0 87,860 0 32,480
DTE ENERGY CO COM 233331107 2,134 32,344 SH   SOLE 0 23,614 0 8,730
DYCOM INDS COM 267475101 7,634 272,741 SH   SOLE 0 168,230 0 104,511
ELEC FOR IMAGING COM 286082102 9,951 314,102 SH   SOLE 0 193,739 0 120,363
EMCOR GROUP INC. COM 29084Q100 4,811 122,948 SH   SOLE 0 75,838 0 47,110
ENERSYS COM 29275Y102 11,722 193,338 SH   SOLE 0 119,242 0 74,096
FIFTH THIRD BANC COM 316773100 2,792 154,690 SH   SOLE 0 112,960 0 41,730
FIRST SOLAR INC. COM 336433107 4,866 121,015 SH   SOLE 0 74,555 0 46,460
FLIR SYSTEMS COM 302445101 2,713 86,390 SH   SOLE 0 63,280 0 23,110
GATX CORP. COM 361448103 6,451 135,759 SH   SOLE 0 83,730 0 52,029
GENESCO INC. COM 371532102 8,093 123,406 SH   SOLE 0 76,074 0 47,332
GENTEX CORP. COM 371901109 3,181 124,310 SH   SOLE 0 91,020 0 33,290
GENWORTH FINANCI COM 37247D106 2,755 215,270 SH   SOLE 0 157,680 0 57,590
GREATBATCH INC. COM 39153L106 5,695 167,359 SH   SOLE 0 103,209 0 64,150
GROUP 1 AUTOMOTI COM 398905109 11,424 147,068 SH   SOLE 0 90,720 0 56,348
HARMAN INTL COM 413086109 3,598 54,330 SH   SOLE 0 39,750 0 14,580
HCC INSURANCE COM 404132102 12,806 292,243 SH   SOLE 0 193,138 0 99,105
HELMERICH & PAYN COM 423452101 6,609 95,845 SH   SOLE 0 59,108 0 36,737
HUMANA INC. COM 444859102 2,832 30,346 SH   SOLE 0 22,210 0 8,136
IBERIABANK CORP. COM 450828108 5,673 109,288 SH   SOLE 0 67,404 0 41,884
INTL GAME TECH COM 459902102 3,803 200,890 SH   SOLE 0 146,690 0 54,200
IXIA COM 45071R109 5,803 370,341 SH   SOLE 0 228,497 0 141,844
J2 GLOBAL INC COM 48123V102 7,864 158,813 SH   SOLE 0 97,927 0 60,886
JACK HENRY COM 426281101 7,370 142,655 SH   SOLE 0 87,995 0 54,660
JANUS CAPITAL GR COM 47102X105 4,845 569,330 SH   SOLE 0 351,040 0 218,290
JONES GROUP INC. COM 48020T101 6,684 445,330 SH   SOLE 0 274,500 0 170,830
KBR INC. COM 48242W106 2,261 69,280 SH   SOLE 0 50,580 0 18,700
KEYCORP. COM 493267108 4,127 362,050 SH   SOLE 0 264,360 0 97,690
KINDRED HEALTHCA COM 494580103 7,290 542,802 SH   SOLE 0 334,836 0 207,966
KLA-TENCOR CORP. COM 482480100 2,766 45,450 SH   SOLE 0 33,280 0 12,170
LA-Z-BOY INC. COM 505336107 5,121 225,510 SH   SOLE 0 139,050 0 86,460
LEAR CORP. COM 521865204 3,027 42,300 SH   SOLE 0 30,900 0 11,400
LIFEPOINT HOSPIT COM 53219L109 6,941 148,842 SH   SOLE 0 91,794 0 57,048
LINC.OLN NATL CRP COM 534187109 4,449 105,943 SH   SOLE 0 77,347 0 28,596
LINDSAY CORP. COM 535555106 6,123 75,020 SH   SOLE 0 46,280 0 28,740
LITHIA MOTORS-A COM 536797103 13,430 184,076 SH   SOLE 0 113,537 0 70,539
M & T BK CORP COM COM 55261F104 3,926 35,080 SH   SOLE 0 25,610 0 9,470
MACYS INC. COM 55616P104 3,798 87,770 SH   SOLE 0 64,080 0 23,690
MENTOR GRAPHICS COM 587200106 7,208 308,445 SH   SOLE 0 190,239 0 118,206
MICROSEMI CORP. COM 595137100 4,619 190,470 SH   SOLE 0 117,470 0 73,000
MOLSON COORS-B COM 60871R209 2,630 52,460 SH   SOLE 0 38,420 0 14,040
NETAPP INC. COM 64110D104 3,772 88,500 SH   SOLE 0 64,750 0 23,750
NETSCOUT SYSTEMS COM 64115T104 4,990 195,441 SH   SOLE 0 120,515 0 74,926
NEWPARK RES INC COM 651718504 7,276 574,716 SH   SOLE 0 354,524 0 220,192
OIL STATES INTL COM 678026105 8,849 85,531 SH   SOLE 0 52,685 0 32,846
OMNIVISION TECH COM 682128103 8,194 535,174 SH   SOLE 0 329,984 0 205,190
OUTERWALL INC COM 690070107 5,708 114,090 SH   SOLE 0 70,150 0 43,940
OWENS-ILLINOIS COM 690768403 2,450 81,602 SH   SOLE 0 59,575 0 22,027
PARKER HANNIFIN COM 701094104 2,971 27,330 SH   SOLE 0 19,970 0 7,360
PATTERSON-UTI COM 703481101 2,256 105,510 SH   SOLE 0 77,030 0 28,480
PERKINELMER INC. COM 714046109 2,988 79,150 SH   SOLE 0 57,800 0 21,350
PHARMERICA CORP. COM 71714F104 8,480 639,070 SH   SOLE 0 394,065 0 245,005
PLANTRONICS INC. COM 727493108 8,490 184,354 SH   SOLE 0 113,753 0 70,601
PNM RESOURCES COM 69349H107 4,450 196,660 SH   SOLE 0 121,296 0 75,364
PROASSURANCE COR COM 74267C106 4,304 95,520 SH   SOLE 0 58,910 0 36,610
PROSPECT CAPITAL COM 74348T102 7,369 659,702 SH   SOLE 0 406,917 0 252,785
PROTECTIVE LIFE COM 743674103 4,915 115,506 SH   SOLE 0 84,335 0 31,171
PUB SERV ENTERP COM 744573106 2,837 86,160 SH   SOLE 0 63,090 0 23,070
QLOGIC CORP. COM 747277101 5,938 542,752 SH   SOLE 0 334,698 0 208,054
QUANTA SERVICES COM 74762E102 2,976 108,170 SH   SOLE 0 79,150 0 29,020
QUEST DIAGNOSTICS INC COM COM 74834L100 2,648 42,857 SH   SOLE 0 31,281 0 11,576
RAYMOND JAMES COM 754730109 2,167 52,000 SH   SOLE 0 38,040 0 13,960
RAYTHEON CO COM 755111507 3,700 48,010 SH   SOLE 0 35,090 0 12,920
RED ROBIN GOURME COM 75689M101 8,684 122,134 SH   SOLE 0 75,289 0 46,845
REGIONS FINANCIAL CORP NEW COM COM 7591EP100 2,976 321,390 SH   SOLE 0 235,230 0 86,160
RLI CORP. COM 749607107 5,840 66,805 SH   SOLE 0 41,206 0 25,599
ROVI CORP. COM 779376102 7,327 382,205 SH   SOLE 0 235,765 0 146,440
SANDISK CORP. COM 80004C101 4,612 77,500 SH   SOLE 0 56,760 0 20,740
SELECT INS GRP COM 816300107 5,645 230,426 SH   SOLE 0 142,128 0 88,298
SELECT MEDICAL COM 81619Q105 754 93,416 SH   SOLE 0 57,606 0 35,810
SEMPRA ENERGY COM 816851109 3,142 36,700 SH   SOLE 0 26,800 0 9,900
SKYWORKS SOLUTIO COM 83088M102 2,633 106,000 SH   SOLE 0 77,590 0 28,410
SOUTHWEST AIR COM 844741108 4,522 310,570 SH   SOLE 0 226,780 0 83,790
STANLEY BLACK & COM 854502101 3,465 38,260 SH   SOLE 0 27,930 0 10,330
STAPLES INC. COM 855030102 3,277 223,660 SH   SOLE 0 163,790 0 59,870
STIFEL FINANCIAL COM 860630102 3,708 89,950 SH   SOLE 0 65,880 0 24,070
SUSSER HOLDINGS COM 869233106 9,796 184,315 SH   SOLE 0 113,679 0 70,636
SYNAPTICS INC. COM 87157D109 7,019 158,615 SH   SOLE 0 97,775 0 60,840
SYNOPSYS INC. COM 871607107 3,625 96,159 SH   SOLE 0 70,211 0 25,948
TCF FINL CORP. COM 872275102 2,205 154,382 SH   SOLE 0 112,726 0 41,656
TELEDYNE TECH COM 879360105 7,889 92,894 SH   SOLE 0 57,291 0 35,603
TERADYNE INC. COM 880770102 2,902 175,680 SH   SOLE 0 128,280 0 47,400
TESORO CORP. COM 881609101 3,029 68,870 SH   SOLE 0 50,380 0 18,490
TETRA TECH INC. COM 88162G103 8,225 317,678 SH   SOLE 0 195,951 0 121,727
TOTAL SYS SERVS COM 891906109 3,317 112,750 SH   SOLE 0 82,570 0 30,180
TRINITY INDUSTRI COM 896522109 5,492 121,110 SH   SOLE 0 88,680 0 32,430
TRIUMPH GROUP COM 896818101 8,070 114,918 SH   SOLE 0 70,870 0 44,048
UNITED BANKSHS COM 909907107 6,183 213,345 SH   SOLE 0 131,597 0 81,748
VALERO ENERGY COM 91913Y100 2,454 71,860 SH   SOLE 0 52,590 0 19,270
VALSPAR CORP. COM 920355104 3,084 48,618 SH   SOLE 0 35,597 0 13,021
VALUECLICK INC. COM 92046N102 3,698 177,261 SH   SOLE 0 109,327 0 67,934
VERIFONE SYSTEMS COM 92342Y109 3,793 165,910 SH   SOLE 0 121,470 0 44,440
WASHINGTON FEDERAL INC COM 938824109 6,546 316,545 SH   SOLE 0 195,246 0 121,299
WEBSTER FINL COM 947890109 5,807 227,460 SH   SOLE 0 140,300 0 87,160
WELLPOINT INC. COM 94973V107 3,980 47,607 SH   SOLE 0 34,867 0 12,740
WESTERN DIGITAL COM 958102105 3,607 56,900 SH   SOLE 0 41,630 0 15,270
WEX INC COM 96208T104 7,492 85,381 SH   SOLE 0 52,649 0 32,732
WILLIAMS-SONOMA COM 969904101 3,293 58,600 SH   SOLE 0 42,910 0 15,690
WORTHINGTON INDS COM 981811102 8,062 234,150 SH   SOLE 0 144,420 0 89,730
WR BERKLEY CORP. COM 084423102 3,803 88,730 SH   SOLE 0 64,780 0 23,950
ZIMMER HLDGS COM 98956P102 2,776 33,790 SH   SOLE 0 24,670 0 9,120