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
BRANDYWINE REALTY TRUST SH BEN INT NEW 105368203 274 17,167 SH   SOLE   6,167 0 11,000
GLADSTONE COMMERCIAL COM 376536108 735 42,814 SH   SOLE   34,502 0 8,312
HERSHA HOSPITALITY TRUST SH BEN INT NEW 427825104 370 52,592 SH   SOLE   24,267 0 28,325
INDEPENDENCE REALTY TRUST SH BEN INT NEW 45378A106 1,958 210,340 SH   SOLE   153,840 0 56,500
LASALLE HOTEL PROPERTIES COM 517942108 670 16,545 SH   SOLE   9,430 0 7,115
LEXINGTON REALTY TRUST SH BEN INT NEW 529043101 352 32,056 SH   SOLE   14,671 0 17,385
MONMOUTH REIT A CL A 609720107 1,136 102,648 SH   SOLE   82,711 0 19,937
1 800 FLOWERS COM CL A COM 68243Q106 687 83,350 SH   SOLE   67,250 0 16,100
AARON'S INC COM 002535300 413 13,525 SH   SOLE   4,850 0 8,675
ABBVIE INC COM 00287Y109 12,314 188,170 SH   SOLE   57,300 0 130,870
ACUITY BRANDS INC COM 00508Y102 5,330 38,050 SH   SOLE   12,350 0 25,700
AEGEAN MARINE PETROLEUM COM Y0017S102 2,644 188,560 SH   SOLE   128,365 0 60,195
AETNA INC COM 00817Y108 5,957 67,065 SH   SOLE   45,465 0 21,600
ALLSCRIPTS HEALTHCARE COM 01988P108 345 26,993 SH   SOLE   11,463 0 15,530
ALMOST FAMILY INC COM 020409108 1,020 35,220 SH   SOLE   25,270 0 9,950
ALPHA & OMEGA SEMI COM G6331P104 1,389 157,000 SH   SOLE   117,700 0 39,300
AMERICAN SOFTWARE A COM 029683109 1,397 153,400 SH   SOLE   111,300 0 42,100
AMERIPRISE FINANCIAL COM 03076C106 11,486 86,847 SH   SOLE   57,333 0 29,514
APPLE INC COM 037833100 38,337 347,316 SH   SOLE   128,886 0 218,430
ASHLAND INC COM 044209104 5,963 49,790 SH   SOLE   33,315 0 16,475
AVX CORP COM 002444107 322 22,986 SH   SOLE   10,666 0 12,320
BANC OF CALIFORNIA COM 05990K106 2,222 193,705 SH   SOLE   128,255 0 65,450
BANK OF COMMERCE HOLDINGS COM 06424J103 718 120,460 SH   SOLE   97,210 0 23,250
BANNER CORP COM 06652V208 604 14,046 SH   SOLE   6,066 0 7,980
BAR HARBOR BANKSHARES COM 066849100 1,504 47,015 SH   SOLE   32,140 0 14,875
BARRETT BUSINESS SVCS INC COM 068463108 1,745 63,700 SH   SOLE   45,725 0 17,975
BERKSHIRE HILLS BANC COM 084680107 2,119 79,485 SH   SOLE   51,910 0 27,575
BEST BUY CO COM 086516101 8,250 211,635 SH   SOLE   91,310 0 120,325
BIG LOTS INC COM 089302103 220 5,485 SH   SOLE   1,960 0 3,525
BIOSCRIP INC COM 09069N108 1,412 202,007 SH   SOLE   133,769 0 68,238
BLACK BOX CORP COM 091826107 1,882 78,753 SH   SOLE   52,743 0 26,010
BLOOMIN' BRANDS INC COM 094235108 405 16,360 SH   SOLE   5,850 0 10,510
BOEING CO COM 097023105 8,109 62,384 SH   SOLE   42,304 0 20,080
BOFI HOLDING INC COM 05566U108 375 4,825 SH   SOLE   1,725 0 3,100
BRISTOL-MYERS SQUIBB CO COM 110122108 10,519 178,200 SH   SOLE   54,625 0 123,575
CALLAWAY GOLF COM 131193104 948 123,075 SH   SOLE   99,375 0 23,700
CAMBREX CORP COM 132011107 845 39,090 SH   SOLE   31,540 0 7,550
CAPITAL CITY BK GROUP COM 139674105 1,688 108,625 SH   SOLE   79,475 0 29,150
CAPITAL ONE FINANCIAL CORP COM 14040H105 16,015 194,000 SH   SOLE   129,940 0 64,060
CARPENTER TECHNOLOGY COM 144285103 526 10,675 SH   SOLE   4,490 0 6,185
CATERPILLAR INC COM 149123101 4,500 49,160 SH   SOLE   33,300 0 15,860
CAVIUM INC COM 14964U108 291 4,700 SH   SOLE   3,900 0 800
CBIZ INC COM 124805102 1,314 153,550 SH   SOLE   123,950 0 29,600
CBRE GROUP INC - A COM 12504L109 9,633 281,250 SH   SOLE   87,300 0 193,950
CECO ENVIRONMENTAL COM 125141101 2,320 149,291 SH   SOLE   99,909 0 49,382
CELADON GROUP INC COM 150838100 2,428 106,988 SH   SOLE   72,198 0 34,790
CELGENE CORP COM 151020104 10,922 97,643 SH   SOLE   30,293 0 67,350
CENTRAL GARDEN & PET A COM 153527205 1,676 175,500 SH   SOLE   127,830 0 47,670
CENTURY CASINOS INC COM 156492100 1,442 285,515 SH   SOLE   202,165 0 83,350
CENTURYTEL COM 156700106 6,905 174,460 SH   SOLE   118,110 0 56,350
CHIPOTLE MEXICAN GRILL COM 169656105 9,629 14,067 SH   SOLE   4,467 0 9,600
CHRISTOPHER & BANKS CP COM COM 171046105 468 82,000 SH   SOLE   66,192 0 15,808
CISCO SYSTEMS COM 17275R102 24,602 884,490 SH   SOLE   503,440 0 381,050
CIT GROUP INC COM 125581801 5,275 110,280 SH   SOLE   74,680 0 35,600
CITIGROUP INC COM 172967424 24,111 445,595 SH   SOLE   298,920 0 146,675
COMFORT SYS USA INC COM COM 199908104 2,295 134,040 SH   SOLE   88,695 0 45,345
COMPUTER TASK GROUP COM 205477102 1,462 153,410 SH   SOLE   111,460 0 41,950
CONCURRENT COMPUTER COM 206710402 1,356 191,250 SH   SOLE   133,350 0 57,900
CONSUMER PORTFOLIO SVC COM 210502100 1,479 200,950 SH   SOLE   142,150 0 58,800
COSTCO CORP COM 22160K105 11,299 79,713 SH   SOLE   24,338 0 55,375
COVENANT TRANSPORTATION COM 22284P105 1,255 46,305 SH   SOLE   37,380 0 8,925
COVIDIEN PLC COM G2554F113 9,217 90,120 SH   SOLE   27,790 0 62,330
CRA INTERNATIONAL COM 12618T105 619 20,405 SH   SOLE   16,480 0 3,925
CROSS COUNTRY HEALTH COM 227483104 1,694 135,725 SH   SOLE   95,775 0 39,950
CUMMINS INC COM 231021106 5,920 41,060 SH   SOLE   12,385 0 28,675
CVS HEALTH COM 126650100 11,838 122,915 SH   SOLE   36,855 0 86,060
DAKTRONICS INC COM 234264109 1,837 146,865 SH   SOLE   100,625 0 46,240
DANAHER CORP COM 235851102 7,308 85,267 SH   SOLE   26,142 0 59,125
DELTA AIRLINES COM 247361702 9,727 197,745 SH   SOLE   133,820 0 63,925
DELTIC TIMBER CORP COM 247850100 457 6,675 SH   SOLE   2,880 0 3,795
DESTINATION XL COM 25065k104 1,373 251,500 SH   SOLE   203,025 0 48,475
DIME COMMUNITY BANC COM 253922108 1,622 99,650 SH   SOLE   80,450 0 19,200
DISCOVER FINL SERVICES COM 254709108 22,899 349,662 SH   SOLE   164,412 0 185,250
DOW CHEMICAL COM 260543103 12,514 274,375 SH   SOLE   183,170 0 91,205
DUCOMMUN INC COM 264147109 1,712 67,725 SH   SOLE   50,725 0 17,000
ELECTRO SCIENTIFIC COM 285229100 1,213 156,275 SH   SOLE   125,475 0 30,800
ELECTRONIC ARTS INC COM 285512109 6,206 131,995 SH   SOLE   40,585 0 91,410
ENCORE WIRE CORP COM 292562105 493 13,195 SH   SOLE   5,770 0 7,425
ENTEGRIS INC COM 29362U104 392 29,675 SH   SOLE   14,025 0 15,650
EOG RESOURCES COM 26875P101 5,336 57,955 SH   SOLE   17,455 0 40,500
ESSA BANCORP INC COM 29667D104 1,484 123,630 SH   SOLE   87,505 0 36,125
ETHAN ALLEN INTERIORS COM COM 297602104 449 14,505 SH   SOLE   6,645 0 7,860
EXFO INC COM 302046107 1,332 385,970 SH   SOLE   274,045 0 111,925
FACEBOOK INC-A COM 30303M102 16,080 206,095 SH   SOLE   63,390 0 142,705
FEDERAL AGRIC MTG CORP CL C COM 313148306 969 31,945 SH   SOLE   25,745 0 6,200
FINANCIAL INSTNS INC COM 317585404 1,969 78,285 SH   SOLE   50,645 0 27,640
FIRST FINANCIAL COM 320218100 2,326 65,312 SH   SOLE   43,192 0 22,120
FIRST INTERNET BANC COM 320557101 1,436 85,805 SH   SOLE   64,030 0 21,775
FIRST NBC BANK COM 32115D106 2,276 64,655 SH   SOLE   42,910 0 21,745
FIRSTENERGY CORP COM 337932107 17,994 461,500 SH   SOLE   308,875 0 152,625
FISERV INC COM 337738108 12,921 182,063 SH   SOLE   57,893 0 124,170
FOOT LOCKER INC COM 344849104 5,413 96,350 SH   SOLE   65,200 0 31,150
FORESTAR REAL ESTATE GROUP COM 346233109 305 19,785 SH   SOLE   8,935 0 10,850
FORTINET INC COM 34959E109 4,666 152,170 SH   SOLE   49,630 0 102,540
FREEPORT-MCMORAN COM 35671D857 4,726 202,308 SH   SOLE   137,033 0 65,275
FREIGHTCAR AMER INC COM COM 357023100 1,826 69,386 SH   SOLE   45,746 0 23,640
FXCM INC A COM 302693106 347 20,915 SH   SOLE   9,655 0 11,260
GAIN CAPITAL HOLDINGS COM 36268W100 1,579 175,070 SH   SOLE   127,070 0 48,000
GAMESTOP CORP A COM 36467W109 2,011 59,500 SH   SOLE   40,300 0 19,200
GENERAL DYNAMICS COM 369550108 16,309 118,505 SH   SOLE   78,912 0 39,593
GENERAL ELEC CO COM COM 369604103 24,093 953,415 SH   SOLE   638,015 0 315,400
GIBRALTAR INDUSTRIES COM 374689107 2,379 146,320 SH   SOLE   95,780 0 50,540
GLADSTONE CAPITAL COM 376535100 590 71,327 SH   SOLE   57,476 0 13,851
GLATFELTER COM 377316104 332 12,990 SH   SOLE   4,665 0 8,325
GLOBAL CASH ACCESS COM 378967103 1,706 238,619 SH   SOLE   171,519 0 67,100
GLOBAL POWER EQUIPMENT COM 37941P306 1,943 140,730 SH   SOLE   97,025 0 43,705
GOLDMAN SACHS COM 38141G104 17,771 91,682 SH   SOLE   61,576 0 30,106
GOODRICH PETE COM 382410405 69 15,525 SH   SOLE   6,470 0 9,055
GOOGLE A COM 38259P508 8,776 16,538 SH   SOLE   5,124 0 11,414
GOOGLE C COM 38259P706 6,667 12,665 SH   SOLE   3,880 0 8,785
GREAT LAKES DREDGE & DOCK COM 390607109 2,449 286,085 SH   SOLE   193,085 0 93,000
GULF ISLAND FABRICATN COM 402307102 938 48,355 SH   SOLE   39,055 0 9,300
HALLIBURTON CO COM 406216101 5,421 137,825 SH   SOLE   41,400 0 96,425
HANMI FINANCIAL CORP COM 410495204 2,137 97,965 SH   SOLE   69,990 0 27,975
HARDINGE INC COM COM 412324303 1,698 142,410 SH   SOLE   104,435 0 37,975
HARTFORD FINANCIAL SERVICES COM 416515104 12,451 298,659 SH   SOLE   198,207 0 100,452
HELIX ENERGY SOLUTIONS COM 42330P107 203 9,345 SH   SOLE   4,315 0 5,030
HELMERICH & PAYNE COM 423452101 4,722 70,045 SH   SOLE   47,420 0 22,625
HILL INTERNATIONAL COM 431466101 1,714 446,460 SH   SOLE   324,660 0 121,800
HILTON HOTELS CORP COM COM 43300a104 5,322 204,000 SH   SOLE   66,400 0 137,600
HOME DEPOT INC COM 437076102 12,662 120,625 SH   SOLE   36,635 0 83,990
HOMETRUST BANCSHARES COM 437872104 1,146 68,797 SH   SOLE   50,232 0 18,565
HOOKER FURNITURE CORP COM 439038100 1,521 88,590 SH   SOLE   71,440 0 17,150
HORMEL FOODS CORP COM 440452100 5,398 103,605 SH   SOLE   32,530 0 71,075
IMPAX LABORATORIES INC COM COM 45256B101 338 10,670 SH   SOLE   4,905 0 5,765
INDEPENDENT BANK MA COM 453836108 482 11,265 SH   SOLE   4,935 0 6,330
INDEPENDENT BANK MI COM 453838609 1,436 110,025 SH   SOLE   79,750 0 30,275
INTEL CORP COM 458140100 16,789 462,640 SH   SOLE   309,820 0 152,820
IXYS CORP COM 46600W106 1,765 140,080 SH   SOLE   99,780 0 40,300
JACK IN THE BOX COM 466367109 278 3,480 SH   SOLE   2,830 0 650
JOHNSON CONTROLS COM 478366107 5,744 118,815 SH   SOLE   80,415 0 38,400
JPMORGAN CHASE COM 46625H100 24,171 386,245 SH   SOLE   259,470 0 126,775
KEYCORP COM 493267108 10,835 779,524 SH   SOLE   514,845 0 264,679
KIRKLANDS INC COM COM 497498105 2,226 94,165 SH   SOLE   62,165 0 32,000
KNIGHT TRANSPORT COM 499064103 221 6,575 SH   SOLE   4,425 0 2,150
KROGER CO COM 501044101 8,863 138,024 SH   SOLE   91,797 0 46,227
LA Z BOY INC COM 505336107 594 22,140 SH   SOLE   9,630 0 12,510
LAM RESEARCH CORP COM 512807108 6,977 87,935 SH   SOLE   28,590 0 59,345
LIONS GATE ENTERTAINMENT COM 535919203 5,461 170,545 SH   SOLE   55,010 0 115,535
LSB INDUSTRIES COM 502160104 306 9,720 SH   SOLE   4,235 0 5,485
MACY'S INC COM 55616P104 20,823 316,705 SH   SOLE   151,120 0 165,585
MAINSOURCE FINANCIAL COM 56062Y102 2,870 137,195 SH   SOLE   91,655 0 45,540
MARATHON PETROLEUM CORP COM 56585A102 7,171 79,452 SH   SOLE   53,812 0 25,640
MARTEN TRANS LTD COM 573075108 1,776 81,226 SH   SOLE   58,126 0 23,100
MATRIX SVC CO COM 576853105 215 9,640 SH   SOLE   3,450 0 6,190
MCKESSON CORP COM 58155Q103 12,746 61,405 SH   SOLE   19,105 0 42,300
MEAD JOHNSON NUTRITION CO COM 582839106 226 2,250 SH   SOLE   1,350 0 900
MEADOWBROOK INSURANCE COM 58319P108 2,725 322,163 SH   SOLE   214,803 0 107,360
MENTOR GRAPHICS CORP COM 587200106 391 17,840 SH   SOLE   8,175 0 9,665
META FINANCIAL GROUP COM 59100U108 1,847 52,699 SH   SOLE   37,752 0 14,947
MICROSOFT CORP COM 594918104 36,500 785,793 SH   SOLE   350,103 0 435,690
MONARCH FINANCIAL COM 60907Q100 1,922 139,775 SH   SOLE   101,975 0 37,800
MVC CAPITAL INC COM 553829102 528 53,706 SH   SOLE   42,915 0 10,791
NORFOLK SOUTHERN CORP COM 655844108 15,100 137,757 SH   SOLE   91,929 0 45,828
NORTH AMERICAN ENERGY COM 656844107 646 205,685 SH   SOLE   144,635 0 61,050
NORTHRIM BANCORP INC COM 666762109 800 30,475 SH   SOLE   24,625 0 5,850
NORTHWEST PIPE CO COM COM 667746101 855 28,395 SH   SOLE   22,720 0 5,675
OCCIDENTAL PETROLEUM COM 674599105 11,133 138,105 SH   SOLE   91,850 0 46,255
OLD DOMINION FREIGHT LINE COM 679580100 8,498 109,460 SH   SOLE   35,135 0 74,325
OLD NATIONAL BANCORP COM 680033107 427 28,670 SH   SOLE   12,465 0 16,205
ONE GAS INC COM 68235P108 216 5,235 SH   SOLE   1,875 0 3,360
ORION MARINE GROUP COM 68628V308 1,792 162,210 SH   SOLE   122,185 0 40,025
PALO ALTO NETWORKS INC COM 697435105 3,974 32,424 SH   SOLE   10,389 0 22,035
PEPSICO INC COM 713448108 14,733 155,805 SH   SOLE   47,280 0 108,525
PERICOM SEMICONDUCTOR COM 713831105 1,486 109,755 SH   SOLE   88,605 0 21,150
PERRY ELLIS COM 288853104 1,078 41,575 SH   SOLE   33,575 0 8,000
PETROQUEST ENERGY COM 716748108 1,304 348,754 SH   SOLE   236,314 0 112,440
PHOTRONICS COM 719405102 1,606 193,314 SH   SOLE   142,741 0 50,573
PLANTRONICS COM 727493108 299 5,645 SH   SOLE   2,710 0 2,935
PLEXUS CORP COM 729132100 327 7,940 SH   SOLE   3,700 0 4,240
PNC FINANCIAL SERVICES GROUP COM 693475105 9,026 98,940 SH   SOLE   67,055 0 31,885
POLARIS INDUSTRIES COM 731068102 7,282 48,148 SH   SOLE   15,450 0 32,698
PORTLAND GENERAL ELECTRIC COM 736508847 671 17,741 SH   SOLE   9,336 0 8,405
POWELL INDS INC COM 739128106 2,011 40,975 SH   SOLE   27,355 0 13,620
PPL CORPORATION COM 69351T106 16,347 449,950 SH   SOLE   300,225 0 149,725
PREMIERE GLOBAL SERVICES COM 740585104 1,261 118,725 SH   SOLE   86,625 0 32,100
PRICELINE GROUP COM 741503403 5,349 4,691 SH   SOLE   1,445 0 3,246
PRUDENTIAL FINANCIAL COM 744320102 10,413 115,115 SH   SOLE   76,865 0 38,250
QLOGIC CORP COM 747277101 303 22,760 SH   SOLE   10,560 0 12,200
QUEST DIAGNOSTICS INC COM 74834L100 6,560 97,830 SH   SOLE   66,205 0 31,625
RAYTHEON COMPANY COM 755111507 10,738 99,270 SH   SOLE   30,200 0 69,070
RUBY TUESDAY INC COM 781182100 1,816 265,480 SH   SOLE   193,950 0 71,530
RUDOLPH TECHNOLOGIES COM 781270103 1,799 175,886 SH   SOLE   118,546 0 57,340
SAFEGUARD SCIENTIFICS COM 786449207 1,251 63,140 SH   SOLE   45,890 0 17,250
SALIX PHARMACEUTICALS LTD COM 795435106 4,038 35,135 SH   SOLE   11,095 0 24,040
SARATOGA INVEST CORP COM 80349A208 763 51,410 SH   SOLE   41,510 0 9,900
SBA COMMUNICATIONS A COM 78388J106 7,703 69,551 SH   SOLE   22,136 0 47,415
SCHLUMBERGER LTD COM 806857108 7,660 89,680 SH   SOLE   27,345 0 62,335
SEAGATE TECHNOLOGY COM G7945M107 6,108 91,850 SH   SOLE   62,140 0 29,710
SERVICENOW INC COM 81762P102 6,869 101,239 SH   SOLE   32,254 0 68,985
SI FINANCIAL GROUP COM 78425V104 1,620 143,015 SH   SOLE   102,440 0 40,575
SIMMONS FIRST NATIONAL A COM 828730200 1,305 32,095 SH   SOLE   25,895 0 6,200
SNAP-ON INC COM 833034101 11,532 84,335 SH   SOLE   26,890 0 57,445
SPARTAN MOTORS INC COM 846819100 2,057 390,986 SH   SOLE   282,261 0 108,725
SPARTANNASH COM 847215100 3,196 122,280 SH   SOLE   91,915 0 30,365
SPLUNK INC COM 848637104 5,636 95,607 SH   SOLE   29,757 0 65,850
SPOK HOLDINGS COM 84863T106 830 47,813 SH   SOLE   38,530 0 9,283
STARBUCKS CORP COM 855244109 13,233 161,275 SH   SOLE   49,000 0 112,275
STEIN MART INC COM 858375108 2,507 171,485 SH   SOLE   113,660 0 57,825
STERIS CORP COM COM 859152100 230 3,550 SH   SOLE   2,500 0 1,050
STERLING CONSTRUCTION COM 859241101 1,654 258,800 SH   SOLE   184,475 0 74,325
SUSQUEHANNA BKSHS PA COM 869099101 228 16,995 SH   SOLE   6,075 0 10,920
SYMANTEC CORP COM 871503108 6,010 234,260 SH   SOLE   158,610 0 75,650
SYNAPTICS INC COM COM 87157D109 246 3,570 SH   SOLE   1,275 0 2,295
SYNERGETICS USA COM 87160G107 1,334 306,649 SH   SOLE   224,181 0 82,468
TARGET CORP COM 87612E106 6,724 88,575 SH   SOLE   59,950 0 28,625
TEAM HEALTH HOLDINGS COM 87817A107 201 3,490 SH   SOLE   3,490 0 0
TERRITORIAL BANCORP INC COM 88145X108 1,660 77,040 SH   SOLE   57,515 0 19,525
TESCO CORP COM 88157K101 965 75,289 SH   SOLE   60,699 0 14,590
THE TRAVELERS CO COM 89417E109 20,087 189,764 SH   SOLE   127,389 0 62,375
TIME WARNER INC COM 887317303 10,951 128,200 SH   SOLE   85,400 0 42,800
TJX COMPANIES INC COM 872540109 11,143 162,480 SH   SOLE   49,655 0 112,825
TOWNE BANK COM 89214P109 1,917 126,795 SH   SOLE   80,400 0 46,395
TRAVELCENTERS OF AMERICA COM 894174101 2,477 196,305 SH   SOLE   132,120 0 64,185
TYSON FOODS A COM 902494103 6,521 162,671 SH   SOLE   110,871 0 51,800
ULTA SALON COM 90384S303 5,307 41,515 SH   SOLE   13,225 0 28,290
ULTIMATE SOFTWARE GROUP INC COM 90385D107 217 1,475 SH   SOLE   1,050 0 425
UNION PACFIC CORP COM 907818108 11,964 100,430 SH   SOLE   30,630 0 69,800
UNITED CMNTY FINL OHIO COM COM 909839102 1,016 189,275 SH   SOLE   152,775 0 36,500
UNITEDHEALTH GROUP COM 91324P102 7,564 74,825 SH   SOLE   22,765 0 52,060
UNIVERSAL HEALTH SERVICES-B COM 913903100 8,098 72,780 SH   SOLE   23,030 0 49,750
UNIVERSAL STAINLESS COM 913837100 1,505 59,850 SH   SOLE   44,750 0 15,100
UNUM GROUP COM 91529Y106 9,078 260,254 SH   SOLE   172,963 0 87,291
V F CORP COM 918204108 290 3,875 SH   SOLE   1,975 0 1,900
VALSPAR CORP COM 920355104 10,176 117,665 SH   SOLE   37,675 0 79,990
VISA INC A COM 92826C839 17,655 67,333 SH   SOLE   20,673 0 46,660
WALT DISNEY CO COM 254687106 14,013 148,776 SH   SOLE   45,866 0 102,910
WASHINGTON TRUST BANCORP COM 940610108 1,639 40,789 SH   SOLE   32,856 0 7,933
WAYSIDE TECHNOLOGY GROUP COM 946760105 723 42,010 SH   SOLE   33,885 0 8,125
WCI COMMUNITIES INC COM 92923C807 2,302 117,575 SH   SOLE   77,805 0 39,770
WELLS FARGO CO COM 949746101 203 3,700 SH   SOLE   0 0 3,700
WEST MARINE INC COM COM 954235107 1,864 144,305 SH   SOLE   106,580 0 37,725
WESTELL TECHNOLOGIES A COM 957541105 845 563,250 SH   SOLE   382,650 0 180,600
WESTERN ALLIANCE BANCORP COM 957638109 218 7,840 SH   SOLE   5,190 0 2,650
WHITEWAVE FOODS CO - A COM 966244105 6,612 188,970 SH   SOLE   60,300 0 128,670
WILLIAMS-SONOMA INC COM 969904101 6,958 91,945 SH   SOLE   29,295 0 62,650
WISCONSIN ENERGY COM 976657106 5,582 105,845 SH   SOLE   33,735 0 72,110
WYNDHAM WORLDWIDE CORP COM 98310W108 5,264 61,375 SH   SOLE   20,125 0 41,250
ZAGG INC COM 98884U108 1,346 198,265 SH   SOLE   160,065 0 38,200
BP PLC ADR ADR 055622104 10,622 278,654 SH   SOLE   186,411 0 92,243
ROYAL DUTCH SHELL PLC ADR ADR 780259107 12,424 178,610 SH   SOLE   119,675 0 58,935
TEVA PHARMA ADR ADR 881624209 12,410 215,790 SH   SOLE   143,990 0 71,800