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 6,278 171,352 SH   SOLE   105,016 66,336 21
ADV ENERGY INDS COM 007973100 8,315 363,732 SH   SOLE   222,800 140,932 21
AGCO CORP. COM 001084102 3,307 55,868 SH   SOLE   37,208 18,660 9
AGILENT TECH INC. COM 00846U101 1,980 34,625 SH   SOLE   23,072 11,553 9
AMEREN CORP. COM 023608102 1,429 39,520 SH   SOLE   26,320 13,200 9
AMERISAFE INC. COM 03071H100 8,574 202,984 SH   SOLE   124,344 78,640 21
AMSURG CORP. COM 03232P405 5,726 124,689 SH   SOLE   76,402 48,287 21
ARROW ELECTRONIC COM 042735100 3,317 61,152 SH   SOLE   40,725 20,427 9
ASSURANT INC. COM 04621X108 2,826 42,580 SH   SOLE   28,360 14,220 9
ASTEC INDUSTRIES COM 046224101 5,841 151,204 SH   SOLE   92,667 58,537 21
ASTORIA FINL COM 046265104 4,126 298,359 SH   SOLE   182,846 115,513 21
AUTONATION INC. COM 05329W102 2,347 47,228 SH   SOLE   31,456 15,772 9
AVISTA CORP. COM 05379B107 5,087 180,469 SH   SOLE   110,584 69,885 21
BECTON DICKINSON COM 075887109 1,987 17,986 SH   SOLE   11,976 6,010 9
BED BATH &BEYOND COM 075896100 2,565 31,940 SH   SOLE   21,270 10,670 9
BELDEN INC. COM 077454106 10,305 146,267 SH   SOLE   89,634 56,633 21
BENCHMARK ELECTR COM 08160H101 8,129 352,217 SH   SOLE   215,853 136,364 21
BIO-REFER LABS COM 09057G602 6,715 262,917 SH   SOLE   161,060 101,857 21
BROADCOM CORP-A COM 111320107 2,879 97,120 SH   SOLE   64,550 32,570 9
BROCADE COMM SYS COM 111621306 2,849 321,330 SH   SOLE   213,670 107,660 9
CABELAS INC. COM 126804301 7,670 115,061 SH   SOLE   70,460 44,601 21
CAPITAL ONE FINA COM 14040H105 3,706 48,370 SH   SOLE   32,220 16,150 9
CAPITALSOURCE IN COM 14055X102 9,121 634,692 SH   SOLE   388,930 245,762 21
CAPSTEAD MORTGAG REIT 14067E506 6,625 548,442 SH   SOLE   335,982 212,460 21
CARDINAL HEALTH COM 14149Y108 2,373 35,520 SH   SOLE   23,660 11,860 9
CHICOS FAS INC. COM 168615102 2,216 117,622 SH   SOLE   78,332 39,290 9
CIGNA CORP. COM 125509109 3,107 35,520 SH   SOLE   23,660 11,860 9
CIMAREX ENERGY C COM 171798101 2,771 26,410 SH   SOLE   17,600 8,810 9
CIRRUS LOGIC INC. COM 172755100 7,868 385,230 SH   SOLE   236,000 149,230 21
COLUMBIA BANKING COM 197236102 9,063 329,671 SH   SOLE   202,035 127,636 21
CONSTANT CONTACT COM 210313102 9,607 309,204 SH   SOLE   189,410 119,794 21
CONSTELLATION-A COM 21036P108 2,172 30,858 SH   SOLE   20,549 10,309 9
CORNING INC. COM 219350105 2,819 158,220 SH   SOLE   105,360 52,860 9
CSG SYSTEMS INTL COM 126349109 7,749 263,585 SH   SOLE   161,528 102,057 21
CYTEC INDS COM 232820100 11,519 123,647 SH   SOLE   77,449 46,198 30
DENBURY RESOURCE COM 247916208 2,029 123,500 SH   SOLE   81,940 41,560 9
DICKS SPORTING COM 253393102 1,794 30,880 SH   SOLE   20,560 10,320 9
DISCOVER FINANCI COM 254709108 4,924 88,010 SH   SOLE   58,610 29,400 9
DTE ENERGY CO COM 233331107 1,573 23,694 SH   SOLE   15,784 7,910 9
DYCOM INDS COM 267475101 7,560 272,057 SH   SOLE   166,730 105,327 21
ELEC FOR IMAGING COM 286082102 12,156 313,876 SH   SOLE   192,339 121,537 21
ENERSYS COM 29275Y102 13,515 192,824 SH   SOLE   118,152 74,672 21
FIFTH THIRD BANC COM 316773100 2,377 113,020 SH   SOLE   75,270 37,750 9
FIRST SOLAR INC. COM 336433107 5,741 105,075 SH   SOLE   64,345 40,730 21
GATX CORP. COM 361448103 7,057 135,269 SH   SOLE   82,890 52,379 21
GENESCO INC. COM 371532102 8,998 123,156 SH   SOLE   75,414 47,742 21
GENTEX CORP. COM 371901109 3,003 91,070 SH   SOLE   60,650 30,420 9
GENWORTH FINANCI COM 37247D106 2,457 158,190 SH   SOLE   105,310 52,880 9
GREATBATCH INC. COM 39153L106 7,397 167,199 SH   SOLE   102,459 64,740 21
GROUP 1 AUTOMOTI COM 398905109 10,432 146,888 SH   SOLE   90,020 56,868 21
GUESS? INC. COM 401617105 2,255 72,584 SH   SOLE   48,134 24,450 9
HARMAN INTL COM 413086109 2,817 34,420 SH   SOLE   22,870 11,550 9
HCC INSURANCE COM 404132102 12,047 261,093 SH   SOLE   164,428 96,665 30
HELMERICH & PAYN COM 423452101 8,054 95,795 SH   SOLE   58,688 37,107 21
HUMANA INC. COM 444859102 2,299 22,276 SH   SOLE   14,820 7,456 9
IBERIABANK CORP. COM 450828108 6,851 109,008 SH   SOLE   66,804 42,204 21
INTL GAME TECH COM 459902102 3,112 171,380 SH   SOLE   113,860 57,520 9
IXIA COM 45071R109 6,880 516,891 SH   SOLE   316,707 200,184 21
J2 GLOBAL INC COM 48123V102 7,924 158,453 SH   SOLE   97,047 61,406 21
JACK HENRY COM 426281101 8,439 142,535 SH   SOLE   87,355 55,180 21
JANUS CAPITAL GR COM 47102X105 7,023 567,720 SH   SOLE   347,800 219,920 21
JONES GROUP INC. COM 48020T101 6,644 444,120 SH   SOLE   272,020 172,100 21
KEYCORP. COM 493267108 3,553 264,740 SH   SOLE   176,290 88,450 9
KINDRED HEALTHCA COM 494580103 9,452 478,814 SH   SOLE   293,306 185,508 21
KLA-TENCOR CORP. COM 482480100 2,147 33,300 SH   SOLE   22,180 11,120 9
LA-Z-BOY INC. COM 505336107 7,394 238,510 SH   SOLE   146,110 92,400 21
LEAR CORP. COM 521865204 2,504 30,930 SH   SOLE   20,610 10,320 9
LEXMARK INTL-A COM 529771107 2,685 75,600 SH   SOLE   50,240 25,360 9
LIFEPOINT HOSPIT COM 53219L109 7,839 148,350 SH   SOLE   90,904 57,446 21
LINC.OLN NATL CRP COM 534187109 4,000 77,483 SH   SOLE   51,597 25,886 9
LINDSAY CORP. COM 535555106 6,191 74,810 SH   SOLE   45,840 28,970 21
LITHIA MOTORS-A COM 536797103 11,447 164,890 SH   SOLE   100,992 63,898 21
M & T BK CORP COM COM 55261F104 2,985 25,640 SH   SOLE   17,080 8,560 9
MACYS INC. COM 55616P104 3,427 64,180 SH   SOLE   42,740 21,440 9
MAGELLAN HEALTH COM 559079207 1,654 27,600 SH   SOLE   16,910 10,690 21
MENTOR GRAPHICS COM 587200106 7,403 307,545 SH   SOLE   188,469 119,076 21
MOLSON COORS-B COM 60871R209 2,161 38,490 SH   SOLE   25,630 12,860 9
NETAPP INC. COM 64110D104 2,427 58,990 SH   SOLE   39,260 19,730 9
NETSCOUT SYSTEMS COM 64115T104 4,830 163,241 SH   SOLE   99,985 63,256 21
NEWPARK RES INC COM 651718504 7,040 572,846 SH   SOLE   351,104 221,742 21
OIL STATES INTL COM 678026105 8,677 85,306 SH   SOLE   52,225 33,081 21
OMNIVISION TECH COM 682128103 9,179 533,684 SH   SOLE   326,954 206,730 21
OUTERWALL INC COM 690070107 7,636 113,520 SH   SOLE   69,540 43,980 21
OWENS-ILLINOIS COM 690768403 2,135 59,672 SH   SOLE   39,735 19,937 9
PARKER HANNIFIN COM 701094104 2,575 20,020 SH   SOLE   13,330 6,690 9
PATTERSON-UTI COM 703481101 1,955 77,200 SH   SOLE   51,410 25,790 9
PERKINELMER INC. COM 714046109 2,384 57,810 SH   SOLE   38,500 19,310 9
PHARMERICA CORP. COM 71714F104 13,706 637,510 SH   SOLE   390,565 246,945 21
PNM RESOURCES COM 69349H107 4,733 196,230 SH   SOLE   120,246 75,984 21
PROASSURANCE COR COM 74267C106 4,627 95,440 SH   SOLE   58,480 36,960 21
PROSPECT CAPITAL COM 74348T102 7,381 657,862 SH   SOLE   403,177 254,685 21
PROTECTIVE LIFE COM 743674103 4,280 84,486 SH   SOLE   56,265 28,221 9
PUB SERV ENTERP COM 744573106 2,026 63,220 SH   SOLE   42,030 21,190 9
QLOGIC CORP. COM 747277101 6,971 589,285 SH   SOLE   361,008 228,277 21
QUANTA SERVICES COM 74762E102 2,506 79,410 SH   SOLE   52,830 26,580 9
RAYMOND JAMES COM 754730109 1,995 38,230 SH   SOLE   25,440 12,790 9
RAYTHEON CO COM 755111507 3,184 35,100 SH   SOLE   23,370 11,730 9
RED ROBIN GOURME COM 75689M101 8,966 121,914 SH   SOLE   74,649 47,265 21
REGIONS FINANCIAL CORP NEW COM COM 7591EP100 2,328 235,380 SH   SOLE   156,750 78,630 9
RLI CORP. COM 749607107 6,493 66,675 SH   SOLE   40,866 25,809 21
ROVI CORP. COM 779376102 7,933 402,875 SH   SOLE   246,885 155,990 21
SANDISK CORP. COM 80004C101 3,649 51,730 SH   SOLE   34,380 17,350 9
SELECT INS GRP COM 816300107 6,229 230,176 SH   SOLE   141,058 89,118 21
SELECT MEDICAL COM 81619Q105 8,082 696,125 SH   SOLE   426,326 269,799 21
SEMPRA ENERGY COM 816851109 2,407 26,820 SH   SOLE   17,860 8,960 9
SKYWORKS SOLUTIO COM 83088M102 2,222 77,800 SH   SOLE   51,730 26,070 9
SOUTHWEST AIR COM 844741108 4,276 226,950 SH   SOLE   151,130 75,820 9
STANLEY BLACK & COM 854502101 2,262 28,030 SH   SOLE   18,670 9,360 9
STAPLES INC. COM 855030102 2,605 163,920 SH   SOLE   109,160 54,760 9
STIFEL FINANCIAL COM 860630102 3,162 65,980 SH   SOLE   43,940 22,040 9
SUSSER HOLDINGS COM 869233106 12,035 183,765 SH   SOLE   112,609 71,156 21
SYNAPTICS INC. COM 87157D109 9,657 186,385 SH   SOLE   114,195 72,190 21
SYNOPSYS INC. COM 871607107 2,852 70,309 SH   SOLE   46,831 23,478 9
TCF FINL CORP. COM 872275102 1,833 112,822 SH   SOLE   75,136 37,686 9
TELEDYNE TECH COM 879360105 8,529 92,845 SH   SOLE   56,891 35,954 21
TESORO CORP. COM 881609101 2,954 50,500 SH   SOLE   33,630 16,870 9
TETRA TECH INC. COM 88162G103 8,198 292,998 SH   SOLE   179,521 113,477 21
TOTAL SYS SERVS COM 891906109 2,751 82,650 SH   SOLE   55,040 27,610 9
TRINITY INDUSTRI COM 896522109 4,841 88,790 SH   SOLE   59,130 29,660 9
TRIUMPH GROUP COM 896818101 8,715 114,568 SH   SOLE   70,210 44,358 21
UNITED BANKSHS COM 909907107 6,704 213,175 SH   SOLE   130,637 82,538 21
VALERO ENERGY COM 91913Y100 2,656 52,700 SH   SOLE   35,100 17,600 9
VALSPAR CORP. COM 920355104 2,544 35,688 SH   SOLE   23,767 11,921 9
VERIFONE SYSTEMS COM 92342Y109 2,012 75,000 SH   SOLE   49,860 25,140 9
WASHINGTON FEDERAL INC COM 938824109 7,357 315,888 SH   SOLE   193,586 122,302 21
WEBSTER FINL COM 947890109 7,074 226,870 SH   SOLE   139,040 87,830 21
WELLPOINT INC. COM 94973V107 3,220 34,847 SH   SOLE   23,217 11,630 9
WESTERN DIGITAL COM 958102105 3,499 41,710 SH   SOLE   27,780 13,930 9
WEX INC COM 96208T104 8,430 85,121 SH   SOLE   52,149 32,972 21
WILLIAMS-SONOMA COM 969904101 2,514 43,140 SH   SOLE   28,720 14,420 9
WORTHINGTON INDS COM 981811102 9,824 233,450 SH   SOLE   143,060 90,390 21
WR BERKLEY CORP. COM 084423102 2,815 64,870 SH   SOLE   43,200 21,670 9
ZIMMER HLDGS COM 98956P102 2,304 24,720 SH   SOLE   16,460 8,260 9