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
ABBVIE INC COM 00287Y109 6,995 119,485 SH   SOLE 0 48,985 0 70,500
ACE LTD SHS H0023R105 9,541 85,576 SH   SOLE 0 28,576 0 57,000
ACTAVIS INC SHS g0083b108 11,741 39,451 SH   SOLE 0 12,801 0 26,650
AECOM TECH CORP. COM 00766T100 1,255 40,725 SH   SOLE 0 40,725 0 0
AMC NETWORKS INC CL A 00164V103 11,329 147,815 SH   SOLE 0 46,278 0 101,537
AMDOCS LTD. SHS G02602103 8,475 155,787 SH   SOLE 0 23,587 0 132,200
AMKOR TECHNOLOGY INC COM 031652100 1,975 223,496 SH   SOLE 0 223,496 0 0
ARES CAPITAL CORPORATION COM 04010L103 9,296 541,400 SH   SOLE 0 173,400 0 368,000
ARROW ELECTRS INC COM COM 042735100 11,375 186,012 SH   SOLE 0 67,012 0 119,000
AVNET INC COM COM 053807103 10,340 232,362 SH   SOLE 0 80,162 0 152,200
BAXTER INTERNATIONAL COM 071813109 9,242 134,922 SH   SOLE 0 36,422 0 98,500
BELDEN CDT COM 077454106 10,495 112,173 SH   SOLE 0 35,375 0 76,798
BELMOND LTD CL A G1154H107 259 21,055 SH   SOLE 0 21,055 0 0
BERKSHIRE HATHAWAY INC CL B CL B 084670702 21,204 146,921 SH   SOLE 0 51,088 0 95,833
CAMDEN NATIONAL CORP COM 133034108 448 11,257 SH   SOLE 0 11,257 0 0
CBS CL B 124857202 11,202 184,757 SH   SOLE 0 60,382 0 124,375
CENTURY BANCORP CL A 156432106 210 5,284 SH   SOLE 0 5,284 0 0
CHECK POINT SOFTWARE ORD M22465104 10,395 126,818 SH   SOLE 0 41,318 0 85,500
COHU INC COM COM 192576106 938 85,727 SH   SOLE 0 85,727 0 0
COMCAST CORP CL A SPL CL A 20030n200 10,377 185,087 SH   SOLE 0 64,287 0 120,800
CUSTOMERS BANCORP COM 23204G100 2,212 90,821 SH   SOLE 0 90,821 0 0
CVS HEALTH COM 126650100 10,353 100,312 SH   SOLE 0 29,412 0 70,900
D R HORTON INC COM COM 23331A109 8,874 311,600 SH   SOLE 0 55,200 0 256,400
DELUXE CORP. COM 248019101 10,988 158,605 SH   SOLE 0 56,129 0 102,476
DIAMONDROCK HOSPITALITY COM 252784301 8,851 626,422 SH   SOLE 0 206,422 0 420,000
DISNEY WALT CO COM COM 254687106 11,813 112,623 SH   SOLE 0 36,103 0 76,520
EASTMAN CHEMICAL CO COM 277432100 6,538 94,391 SH   SOLE 0 21,391 0 73,000
EVEREST RE COM G3223R108 9,365 53,823 SH   SOLE 0 18,423 0 35,400
EXPRESS-SCRIPTS INC. COM 30219G108 9,962 114,807 SH   SOLE 0 36,307 0 78,500
FEDEX CORP COM 31428X106 9,319 56,326 SH   SOLE 0 18,028 0 38,298
FINISH LINE INC CL A 317923100 7,896 322,008 SH   SOLE 0 88,008 0 234,000
FLUOR COM 343412102 7,035 123,081 SH   SOLE 0 31,081 0 92,000
FOOT LOCKER INC COM 344849104 11,810 187,467 SH   SOLE 0 66,667 0 120,800
FRANKLIN RESOURCES COM 354613101 8,763 170,755 SH   SOLE 0 50,755 0 120,000
GATX CORP COM 361448103 8,106 139,809 SH   SOLE 0 51,355 0 88,454
GOLDMAN SACHS COM 38141G104 2,949 15,688 SH   SOLE 0 15,688 0 0
GOLUB CAPITAL BDC COM 38173M102 1,324 75,420 SH   SOLE 0 75,420 0 0
GOODYEAR TIRE AND RUBBER COM 382550101 3,383 124,925 SH   SOLE 0 124,925 0 0
HONEYWELL INTERNATIONAL INC ORD 438516106 8,654 82,967 SH   SOLE 0 16,267 0 66,700
HOOKER FURNITURE CORP COM 439038100 280 14,673 SH   SOLE 0 14,673 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 1,908 81,273 SH   SOLE 0 81,273 0 0
HUNTSMAN CORP COM 447011107 6,982 314,920 SH   SOLE 0 83,920 0 231,000
ICONIX BRAND GROUP INC COM 451055107 4,640 137,796 SH   SOLE 0 24,060 0 113,736
INGRAM MICRO INC CL A 457153104 7,860 312,903 SH   SOLE 0 77,978 0 234,925
INGREDION INC COM 457187102 8,651 111,166 SH   SOLE 0 34,266 0 76,900
JOHNSON CTLS INC COM 478366107 7,985 158,299 SH   SOLE 0 33,899 0 124,400
KAPSTONE PAPER AND PACKAGING COM 48562P103 7,636 232,526 SH   SOLE 0 71,245 0 161,281
LABORATORY CORP. OF AMERICA COM 50540R409 9,317 73,891 SH   SOLE 0 21,391 0 52,500
LAM RESEARCH CORP COM 512807108 8,791 125,167 SH   SOLE 0 40,667 0 84,500
LASALLE HOTEL PROPERTIES COM 517942108 9,227 237,431 SH   SOLE 0 80,731 0 156,700
LIBERTY GLOBAL PLC CL A CL A G5480U104 4,372 84,949 SH   SOLE 0 26,194 0 58,755
LIBERTY GLOBAL PLC CL C CL C G5480U120 5,940 119,248 SH   SOLE 0 43,248 0 76,000
LYONDELLBASELL INDUSTRIES SHS N53745100 8,698 99,071 SH   SOLE 0 27,571 0 71,500
MAGNA INTL INC COM 559222401 10,291 191,786 SH   SOLE 0 63,786 0 128,000
MCKESSON COM 58155Q103 8,771 38,776 SH   SOLE 0 7,176 0 31,600
MERITAGE CORP COM 59001A102 7,160 147,195 SH   SOLE 0 7,695 0 139,500
MICRON TECHNOLOGY INC COM 595112103 1,895 69,836 SH   SOLE 0 69,836 0 0
MICROSEMI CORP COM 595137100 3,706 104,676 SH   SOLE 0 104,676 0 0
MYLAN SHS n59465109 11,132 187,570 SH   SOLE 0 65,870 0 121,700
NAVIGATOR HOLDINGS LTD SHS Y62132108 3,282 171,817 SH   SOLE 0 171,817 0 0
OMNICOM GROUP INC COM 681919106 10,759 137,971 SH   SOLE 0 47,311 0 90,660
ON SEMICONDUCTOR CORP COM 682189105 8,022 662,435 SH   SOLE 0 126,335 0 536,100
PILGRIMS PRIDE CORP COM 72147K108 6,717 297,360 SH   SOLE 0 81,660 0 215,700
PLANAR SYSTEMS INC COM 726900103 440 70,000 SH   SOLE 0 70,000 0 0
PLEXUS CORP COM 729132100 8,751 214,638 SH   SOLE 0 63,938 0 150,700
PRECISION CASTPARTS CORP COM 740189105 8,701 41,433 SH   SOLE 0 13,533 0 27,900
PRUDENTIAL FINANCIAL INC COM 744320102 7,722 96,147 SH   SOLE 0 38,267 0 57,880
PVH Corp COM 693656100 9,639 90,457 SH   SOLE 0 29,957 0 60,500
RLJ LODGING TRUST COM 74965L101 9,834 314,094 SH   SOLE 0 101,594 0 212,500
ROSS STORES INC COM COM 778296103 10,262 97,401 SH   SOLE 0 27,401 0 70,000
ROYAL BANK OF CANADA COM 780087102 8,936 148,051 SH   SOLE 0 42,751 0 105,300
RYLAND GROUP COM 783764103 704 14,450 SH   SOLE 0 14,450 0 0
SANDISK CORPORATION COM 80004C101 6,347 99,758 SH   SOLE 0 30,658 0 69,100
SANOFI ADR 80105N105 8,683 175,625 SH   SOLE 0 58,625 0 117,000
SKYWORKS SOLUTIONS COM 83088M102 11,740 119,439 SH   SOLE 0 36,809 0 82,630
SOVRAN SELF STORAGE COM COM 84610H108 8,703 92,643 SH   SOLE 0 17,852 0 74,791
SPECTRUM BRANDS INC COM 84763R101 7,386 82,467 SH   SOLE 0 27,067 0 55,400
STAG INDUSTRIAL COM 85254J102 2,418 102,815 SH   SOLE 0 102,815 0 0
SUPER MICRO COMPUTER, INC COM 86800U104 7,202 216,861 SH   SOLE 0 24,670 0 192,191
SYNNEX CORP COM 87162W100 10,292 133,232 SH   SOLE 0 44,316 0 88,916
TAIWAN SEMICONDUCTOR ADR 874039100 7,991 340,328 SH   SOLE 0 91,678 0 248,650
THE BUCKLE COM 118440106 8,993 176,032 SH   SOLE 0 54,732 0 121,300
THERMO FISHER SCIENTIFIC COM 883556102 10,043 74,759 SH   SOLE 0 24,259 0 50,500
THOR INDUSTRIES INC COM 885160101 10,415 164,766 SH   SOLE 0 54,266 0 110,500
TIME WARNER INC COM COM 887317303 9,195 108,891 SH   SOLE 0 34,751 0 74,140
TJX COMPANIES COM 872540109 674 9,622 SH   SOLE 0 9,622 0 0
TORONTO DOMINION COM 891160509 8,529 199,032 SH   SOLE 0 65,532 0 133,500
TRIPLE POINT VENTURE GROWTH COM 89677Y100 604 42,817 SH   SOLE 0 42,817 0 0
TYSON FOODS CL A 902494103 9,768 255,045 SH   SOLE 0 89,145 0 165,900
UNITED TECHNOLOGIES CORP COM COM 913017109 9,710 82,851 SH   SOLE 0 25,251 0 57,600
US BANCORP DEL COM COM 902973304 10,067 230,530 SH   SOLE 0 74,530 0 156,000
VERIZON COMMUNICATIONS COM 92343V104 9,347 192,205 SH   SOLE 0 58,705 0 133,500
VIACOM INC CL B CL B 92553P201 10,367 151,783 SH   SOLE 0 53,483 0 98,300
VISHAY INTERTECHNOLOGY INC COM 928298108 1,622 117,345 SH   SOLE 0 117,345 0 0
WABASH NATIONAL COM 929566107 761 53,980 SH   SOLE 0 53,980 0 0
WELLS FARGO AND CO COM 949746101 10,618 195,182 SH   SOLE 0 67,582 0 127,600
WESCO INTERNATIONAL COM 95082P105 8,998 128,750 SH   SOLE 0 41,243 0 87,507
WESTERN UNION CO. COM 959802109 8,153 391,760 SH   SOLE 0 103,260 0 288,500
WPP PLC ADR 92937A102 10,495 92,245 SH   SOLE 0 31,835 0 60,410
WYNDHAM WORLDWIDE CORP COM 98310W108 715 7,898 SH   SOLE 0 0 0 7,898
ZIMMER HOLDINGS COM 98956P102 9,036 76,891 SH   SOLE 0 21,891 0 55,000