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 2,251 33,501 SH   SOLE 24,996 0 8,505
AGREE REALTY CORP COM 008492100 375 12,844 SH   SOLE 12,844 0 0
ALLETE INC COM NEW 018522300 2,293 49,422 SH   SOLE 48,438 0 984
ALLIANT ENERGY CORP COM 018802108 2,074 35,931 SH   SOLE 34,816 0 1,115
ALLISON TRANSMISSION HLDGS I COM 01973R101 7,723 263,937 SH   SOLE 244,381 0 19,556
AMDOCS LTD SHS G02602103 2,555 46,796 SH   SOLE 45,341 0 1,455
AMERICAN AIRLS GROUP INC COM 02376R102 911 22,804 SH   SOLE 16,181 0 6,623
AMERICAN EXPRESS CO COM 025816109 1,371 17,644 SH   SOLE 16,088 0 1,556
AMERICAN FINL GROUP INC OHIO COM 025932104 4,050 62,268 SH   SOLE 60,886 0 1,382
AMERICAN INTL GROUP INC COM NEW 026874784 1,395 22,558 SH   SOLE 16,020 0 6,538
AMERICAN WTR WKS CO INC NEW COM 030420103 2,105 43,285 SH   SOLE 41,945 0 1,340
AMERISOURCEBERGEN CORP COM 03073E105 4,922 46,281 SH   SOLE 44,849 0 1,432
AMGEN INC COM 031162100 1,171 7,625 SH   SOLE 5,418 0 2,207
APPLE INC COM 037833100 2,381 18,980 SH   SOLE 14,203 0 4,777
ASTRONICS CORP COM 046433108 349 4,922 SH   SOLE 4,922 0 0
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 489 24,684 SH   SOLE 24,684 0 0
BANCORPSOUTH INC COM 059692103 5,022 194,970 SH   SOLE 190,396 0 4,574
BANK AMER CORP COM 060505104 2,406 141,346 SH   SOLE 110,548 0 30,798
BANNER CORP COM NEW 06652V208 5,191 108,309 SH   SOLE 105,926 0 2,383
BELDEN INC COM 077454106 4,450 54,782 SH   SOLE 53,595 0 1,187
BLACKROCK INC COM 09247X101 1,696 4,902 SH   SOLE 3,793 0 1,109
BLUEROCK RESIDENT GR REIT IN COM CL A 09627J102 821 64,858 SH   SOLE 64,858 0 0
BOEING CO COM 097023105 1,323 9,535 SH   SOLE 7,048 0 2,487
BRISTOL MYERS SQUIBB CO COM 110122108 261 3,927 SH   SOLE 3,927 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 512 22,407 SH   SOLE 22,407 0 0
CAMBREX CORP COM 132011107 488 11,117 SH   SOLE 11,117 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,537 17,472 SH   SOLE 13,137 0 4,335
CARDINAL HEALTH INC COM 14149Y108 1,526 18,238 SH   SOLE 13,427 0 4,811
CASCADE BANCORP COM NEW 147154207 263 50,857 SH   SOLE 50,857 0 0
CATALENT INC COM 148806102 5,430 185,146 SH   SOLE 180,804 0 4,342
CBS CORP NEW CL B 124857202 1,106 19,930 SH   SOLE 14,834 0 5,096
CHESAPEAKE LODGING TR SH BEN INT 165240102 5,053 165,793 SH   SOLE 162,206 0 3,587
CHEVRON CORP NEW COM 166764100 1,077 11,166 SH   SOLE 7,922 0 3,244
CISCO SYS INC COM 17275R102 1,302 47,412 SH   SOLE 37,485 0 9,927
CITIGROUP INC COM NEW 172967424 2,812 50,904 SH   SOLE 38,916 0 11,988
CITY OFFICE REIT INC COM 178587101 280 22,558 SH   SOLE 22,558 0 0
CLUBCORP HLDGS INC COM 18948M108 5,424 227,148 SH   SOLE 222,245 0 4,903
COLUMBIA BKG SYS INC COM 197236102 4,947 152,033 SH   SOLE 148,496 0 3,537
COLUMBIA SPORTSWEAR CO COM 198516106 4,024 66,562 SH   SOLE 64,904 0 1,658
COMCAST CORP NEW CL A 20030N101 1,543 25,654 SH   SOLE 19,111 0 6,543
CONCHO RES INC COM 20605P101 2,735 24,017 SH   SOLE 23,274 0 743
CONOCOPHILLIPS COM 20825C104 1,335 21,738 SH   SOLE 17,803 0 3,935
CONSTELLATION BRANDS INC CL A 21036P108 4,160 35,858 SH   SOLE 34,745 0 1,113
CU BANCORP CALIF COM 126534106 304 13,732 SH   SOLE 13,732 0 0
CURTISS WRIGHT CORP COM 231561101 5,730 79,096 SH   SOLE 77,225 0 1,871
CVS HEALTH CORP COM 126650100 231 2,205 SH   SOLE 2,205 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,405 34,198 SH   SOLE 26,148 0 8,050
DISCOVER FINL SVCS COM 254709108 1,572 27,275 SH   SOLE 19,903 0 7,372
DST SYS INC DEL COM 233326107 6,096 48,390 SH   SOLE 47,255 0 1,135
E M C CORP MASS COM 268648102 1,417 53,696 SH   SOLE 41,688 0 12,008
ENERSYS COM 29275Y102 3,009 42,813 SH   SOLE 41,830 0 983
EOG RES INC COM 26875P101 1,221 13,945 SH   SOLE 10,235 0 3,710
EPR PPTYS COM SH BEN INT 26884U109 1,726 31,502 SH   SOLE 30,915 0 587
EXXON MOBIL CORP COM 30231G102 2,530 30,410 SH   SOLE 23,763 0 6,647
FEI CO COM 30241L109 5,699 68,718 SH   SOLE 67,116 0 1,602
FIRST REP BK SAN FRANCISCO C COM 33616C100 2,807 44,533 SH   SOLE 43,152 0 1,381
FLUOR CORP NEW COM 343412102 722 13,615 SH   SOLE 10,305 0 3,310
FOOT LOCKER INC COM 344849104 3,171 47,325 SH   SOLE 45,860 0 1,465
FREEPORT-MCMORAN INC CL B 35671D857 938 50,350 SH   SOLE 40,113 0 10,237
G & K SVCS INC CL A 361268105 5,671 82,020 SH   SOLE 80,210 0 1,810
GENERAL ELECTRIC CO COM 369604103 3,209 120,764 SH   SOLE 92,091 0 28,673
GERMAN AMERN BANCORP INC COM 373865104 299 10,137 SH   SOLE 10,137 0 0
GILEAD SCIENCES INC COM 375558103 1,710 14,604 SH   SOLE 10,783 0 3,821
GLACIER BANCORP INC NEW COM 37637Q105 3,494 118,770 SH   SOLE 115,883 0 2,887
GOOGLE INC CL A 38259P508 1,586 2,937 SH   SOLE 2,057 0 880
GP STRATEGIES CORP COM 36225V104 336 10,119 SH   SOLE 10,119 0 0
GRACO INC COM 384109104 3,785 53,284 SH   SOLE 51,655 0 1,629
GRAMERCY PPTY TR INC COM NEW 38489R605 1,464 62,648 SH   SOLE 62,648 0 0
GREAT WESTN BANCORP INC COM 391416104 5,007 207,664 SH   SOLE 202,809 0 4,855
GREENBRIER COS INC COM 393657101 4,142 88,419 SH   SOLE 86,347 0 2,072
HARLEY DAVIDSON INC COM 412822108 1,141 20,255 SH   SOLE 14,770 0 5,485
HAWAIIAN HOLDINGS INC COM 419879101 6,671 280,872 SH   SOLE 274,773 0 6,099
HEALTHCARE SVCS GRP INC COM 421906108 268 8,118 SH   SOLE 8,118 0 0
HERITAGE FINL CORP WASH COM 42722X106 708 39,592 SH   SOLE 39,592 0 0
HESS CORP COM 42809H107 1,572 23,500 SH   SOLE 17,122 0 6,378
HOME BANCSHARES INC COM 436893200 5,148 140,808 SH   SOLE 137,561 0 3,247
HUNTINGTON BANCSHARES INC COM 446150104 200 17,701 SH   SOLE 17,701 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 229 17,331 SH   SOLE 17,331 0 0
INTEL CORP COM 458140100 1,292 42,488 SH   SOLE 33,002 0 9,486
INVENTURE FOODS INC COM 461212102 2,058 202,737 SH   SOLE 199,012 0 3,725
JARDEN CORP COM 471109108 5,405 104,454 SH   SOLE 101,217 0 3,237
JPMORGAN CHASE & CO COM 46625H100 3,296 48,639 SH   SOLE 36,811 0 11,828
KADANT INC COM 48282T104 1,335 28,288 SH   SOLE 28,288 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 1,429 61,789 SH   SOLE 60,423 0 1,366
KILROY RLTY CORP COM 49427F108 4,590 68,350 SH   SOLE 66,801 0 1,549
KINDER MORGAN INC DEL COM 49456B101 323 8,407 SH   SOLE 8,407 0 0
LIBBEY INC COM 529898108 5,095 123,283 SH   SOLE 120,686 0 2,597
LIFEPOINT HEALTH INC COM 53219L109 5,138 59,086 SH   SOLE 57,701 0 1,385
LITHIA MTRS INC CL A 536797103 4,872 43,050 SH   SOLE 42,053 0 997
LIVE NATION ENTERTAINMENT IN COM 538034109 3,034 110,379 SH   SOLE 107,826 0 2,553
MACYS INC COM 55616P104 1,873 27,761 SH   SOLE 21,840 0 5,921
MAINSOURCE FINANCIAL GP INC COM 56062Y102 353 16,075 SH   SOLE 16,075 0 0
MARKEL CORP COM 570535104 3,229 4,033 SH   SOLE 3,908 0 125
MASTEC INC COM 576323109 613 30,847 SH   SOLE 30,847 0 0
MATERION CORP COM 576690101 371 10,539 SH   SOLE 10,539 0 0
MEDNAX INC COM 58502B106 4,084 55,112 SH   SOLE 53,304 0 1,808
MENTOR GRAPHICS CORP COM 587200106 823 31,135 SH   SOLE 31,135 0 0
MERCK & CO INC NEW COM 58933Y105 658 11,561 SH   SOLE 5,914 0 5,647
METLIFE INC COM 59156R108 1,906 34,034 SH   SOLE 25,746 0 8,288
MICROSOFT CORP COM 594918104 2,017 45,681 SH   SOLE 33,141 0 12,540
MINERALS TECHNOLOGIES INC COM 603158106 4,642 68,129 SH   SOLE 66,602 0 1,527
MKS INSTRUMENT INC COM 55306N104 3,946 104,000 SH   SOLE 101,842 0 2,158
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 800 63,778 SH   SOLE 62,551 0 1,227
MORGAN STANLEY COM NEW 617446448 1,312 33,832 SH   SOLE 24,040 0 9,792
MULTI COLOR CORP COM 625383104 2,316 36,252 SH   SOLE 36,252 0 0
MYLAN N V SHS EURO N59465109 207 3,056 SH   SOLE 3,056 0 0
NASDAQ OMX GROUP INC COM 631103108 207 4,244 SH   SOLE 4,244 0 0
NATIONAL BK HLDGS CORP CL A 633707104 2,948 141,519 SH   SOLE 139,711 0 1,808
NATIONAL RETAIL PPTYS INC COM 637417106 3,251 92,849 SH   SOLE 90,492 0 2,357
NAUTILUS INC COM 63910B102 6,101 283,629 SH   SOLE 277,691 0 5,938
NEENAH PAPER INC COM 640079109 283 4,804 SH   SOLE 4,804 0 0
NEWMARKET CORP COM 651587107 4,755 10,713 SH   SOLE 10,469 0 244
NN INC COM 629337106 4,850 190,047 SH   SOLE 186,311 0 3,736
OASIS PETE INC NEW COM 674215108 333 20,987 SH   SOLE 20,987 0 0
ONE LIBERTY PPTYS INC COM 682406103 403 18,956 SH   SOLE 18,956 0 0
OPUS BK IRVINE CALIF COM 684000102 1,736 47,983 SH   SOLE 47,983 0 0
ORACLE CORP COM 68389X105 1,935 48,017 SH   SOLE 37,284 0 10,733
PARK STERLING CORP COM 70086Y105 305 42,333 SH   SOLE 42,333 0 0
PATRICK INDS INC COM 703343103 3,165 83,189 SH   SOLE 82,277 0 912
PEPSICO INC COM 713448108 2,238 23,974 SH   SOLE 17,538 0 6,436
PERFORMANCE SPORTS GROUP LTD COM 71377G100 3,414 189,675 SH   SOLE 185,784 0 3,891
PFIZER INC COM 717081103 2,319 69,149 SH   SOLE 53,682 0 15,467
PHILLIPS 66 COM 718546104 1,409 17,484 SH   SOLE 12,553 0 4,931
PINNACLE FINL PARTNERS INC COM 72346Q104 4,691 86,285 SH   SOLE 84,450 0 1,835
PLATFORM SPECIALTY PRODS COR COM 72766Q105 6,081 237,738 SH   SOLE 232,124 0 5,614
PNC FINL SVCS GROUP INC COM 693475105 1,436 15,008 SH   SOLE 11,000 0 4,008
PNM RES INC COM 69349H107 1,355 55,090 SH   SOLE 53,950 0 1,140
PRECISION CASTPARTS CORP COM 740189105 1,641 8,209 SH   SOLE 6,439 0 1,770
PRIMERICA INC COM 74164M108 4,753 104,027 SH   SOLE 101,589 0 2,438
PRUDENTIAL FINL INC COM 744320102 1,610 18,391 SH   SOLE 12,966 0 5,425
QUANTA SVCS INC COM 74762E102 3,197 110,943 SH   SOLE 108,464 0 2,479
RAYMOND JAMES FINANCIAL INC COM 754730109 3,422 57,438 SH   SOLE 55,654 0 1,784
RENASANT CORP COM 75970E107 1,815 55,664 SH   SOLE 55,664 0 0
RLJ LODGING TR COM 74965L101 3,220 108,118 SH   SOLE 105,616 0 2,502
SCHLUMBERGER LTD COM 806857108 1,460 16,943 SH   SOLE 12,392 0 4,551
SCHULMAN A INC COM 808194104 270 6,186 SH   SOLE 6,186 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 5,155 75,436 SH   SOLE 73,677 0 1,759
SERVISFIRST BANCSHARES INC COM 81768T108 338 8,988 SH   SOLE 8,988 0 0
SHUTTERFLY INC COM 82568P304 4,892 102,314 SH   SOLE 99,912 0 2,402
SILGAN HOLDINGS INC COM 827048109 742 14,070 SH   SOLE 14,070 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,206 6,973 SH   SOLE 5,647 0 1,326
SKYWORKS SOLUTIONS INC COM 83088M102 6,807 65,386 SH   SOLE 63,358 0 2,028
SONIC CORP COM 835451105 4,621 160,465 SH   SOLE 156,690 0 3,775
SOUTH ST CORP COM 840441109 6,729 88,551 SH   SOLE 86,525 0 2,026
SPARTON CORP COM 847235108 392 14,333 SH   SOLE 14,333 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,949 9,468 SH   SOLE 7,511 0 1,957
STAG INDL INC COM 85254J102 4,865 243,250 SH   SOLE 237,769 0 5,481
STANDEX INTL CORP COM 854231107 3,341 41,797 SH   SOLE 41,105 0 692
STATE BK FINL CORP COM 856190103 422 19,451 SH   SOLE 19,451 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 304 10,251 SH   SOLE 10,251 0 0
SYNERGY RES CORP COM 87164P103 3,799 332,413 SH   SOLE 325,075 0 7,338
TELEFLEX INC COM 879369106 6,846 50,542 SH   SOLE 49,357 0 1,185
TIME WARNER INC COM NEW 887317303 1,469 16,805 SH   SOLE 12,421 0 4,384
TUTOR PERINI CORP COM 901109108 1,146 53,126 SH   SOLE 51,880 0 1,246
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,617 49,699 SH   SOLE 36,347 0 13,352
UNITEDHEALTH GROUP INC COM 91324P102 2,123 17,403 SH   SOLE 12,996 0 4,407
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 401 8,628 SH   SOLE 8,628 0 0
VASCULAR SOLUTIONS INC COM 92231M109 411 11,846 SH   SOLE 11,846 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,187 25,459 SH   SOLE 18,093 0 7,366
WABTEC CORP COM 929740108 9,377 99,496 SH   SOLE 97,281 0 2,215
WELLS FARGO & CO NEW COM 949746101 2,418 42,987 SH   SOLE 31,767 0 11,220
WESTAR ENERGY INC COM 95709T100 2,081 60,806 SH   SOLE 58,916 0 1,890
WESTERN ALLIANCE BANCORP COM 957638109 6,813 201,810 SH   SOLE 197,103 0 4,707
WHITING PETE CORP NEW COM 966387102 1,082 32,188 SH   SOLE 31,192 0 996
WINTRUST FINL CORP COM 97650W108 2,117 39,666 SH   SOLE 38,935 0 731
WOODWARD INC COM 980745103 4,996 90,857 SH   SOLE 88,759 0 2,098
XERIUM TECHNOLOGIES INC COM NEW 98416J118 485 26,640 SH   SOLE 26,640 0 0