UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2013
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: DePrince Race & Zollo, Inc
Address: 250 Park Avenue South
Suite 250
Winter Park, FL 32789
13F File Number: 028-05268
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Adelbert R. Sanchez
Title: Chief Compliance Officer
Phone: (407) 650-1655
Signature, Place, and Date of Signing:
/s/ Adelbert R. Sanchez Winter Park, FL/USA May 15, 2013
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 294
Form 13F Information Table Value Total: $7,106,848 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AAON INC COM PAR $0.004 000360206 1655 59974 SH SOLE 53429 0 6545
ABBVIE INC COM 00287Y109 46746 1146291 SH SOLE 411650 0 734641
ABM INDS INC COM 000957100 42081 1892111 SH SOLE 1099476 0 792635
ADTRAN INC COM 00738A106 23156 1178405 SH SOLE 691965 0 486440
AEROPOSTALE COM 007865108 3641 267700 SH SOLE 0 0 267700
AIR PRODS & CHEMS INC COM 009158106 40997 470583 SH SOLE 174900 0 295683
ALLETE INC COM NEW 018522300 10444 213046 SH SOLE 129151 0 83895
ALLIANCE BANCORP INC PA NEW COM 01890a108 6550 490626 SH SOLE 443548 0 47078
AMCOL INTL CORP COM 02341W103 22986 761372 SH SOLE 450156 0 311216
AMERICAN AXLE & MFG HLDGS IN COM 024061103 4591 336347 SH SOLE 38231 0 298116
AMERICAN INTL GROUP INC COM NEW 026874784 10512 270800 SH SOLE 0 0 270800
AMERICAN SOFTWARE INC CL A 029683109 2657 319377 SH SOLE 284957 0 34420
AMPCO-PITTSBURGH CORP COM 032037103 7476 395347 SH SOLE 357537 0 37810
ANDERSONS INC COM 034164103 22915 428151 SH SOLE 256138 0 172013
ANWORTH MORTGAGE ASSET CP COM 037347101 32009 5056764 SH SOLE 2810912 0 2245852
APOLLO RESIDENTIAL MTG INC COM 03763V102 3076 138000 SH SOLE 0 0 138000
ARBOR RLTY TR INC COM 038923108 1696 216300 SH SOLE 19000 0 197300
ARCHER DANIELS MIDLAND CO COM 039483102 49507 1467732 SH SOLE 493420 0 974312
ARES COML REAL ESTATE CORP COM 04013V108 846 50000 SH SOLE 0 0 50000
ARKANSAS BEST CORP DEL COM 040790107 11650 997390 SH SOLE 907800 0 89590
ASCENA RETAIL GROUP INC COM 04351G101 1589 85659 SH SOLE 0 0 85659
ASSURED GUARANTY LTD COM g0585r106 4179 202754 SH SOLE 26800 0 175954
ASTORIA FINL CORP COM 046265104 25187 2554496 SH SOLE 1526640 0 1027856
AT&T INC COM 00206R102 92599 2523808 SH SOLE 925760 0 1598048
BAKER HUGHES INC COM 057224107 835 18000 SH SOLE 18000 0 0
BALDWIN & LYONS INC CL B 057755209 3409 143294 SH SOLE 127844 0 15450
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 2189 301468 SH SOLE 0 0 301468
BANK NEW YORK MELLON CORP COM 064058100 72434 2587853 SH SOLE 948650 0 1639203
BANK OF AMERICA CORPORATION COM 060505104 14472 1188150 SH SOLE 67000 0 1121150
BARNES GROUP INC COM 067806109 19621 678240 SH SOLE 396970 0 281270
BAXTER INTL INC COM 071813109 61432 845706 SH SOLE 308200 0 537506
BB&T CORP COM 054937107 90952 2897493 SH SOLE 1065860 0 1831633
BEBE STORES INC COM 075571109 11152 2674379 SH SOLE 2434764 0 239615
BED BATH & BEYOND INC COM 075896100 5643 87600 SH SOLE 7600 0 80000
BEL FUSE INC CL B 077347300 9211 590083 SH SOLE 533702 0 56381
BERKSHIRE HILLS BANCORP INC COM 084680107 5582 218542 SH SOLE 199420 0 19122
BLACK HILLS CORP COM 092113109 13397 304203 SH SOLE 182579 0 121624
BOLT TECHNOLOGY CORP COM 097698104 5659 324086 SH SOLE 294756 0 29330
BOX SHIPS INCORPORATED SHS Y09675102 2305 495728 SH SOLE 0 0 495728
BRADY CORP CL A 104674106 20904 623430 SH SOLE 366685 0 256745
BRAVO BRIO RESTAURANT GROUP COM 10567B109 633 40000 SH SOLE 0 0 40000
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 8306 341250 SH SOLE 48540 0 292710
BROOKLINE BANCORP INC DEL COM 11373m107 24257 2653947 SH SOLE 1597861 0 1056086
BROOKS AUTOMATION INC COM 114340102 31336 3078191 SH SOLE 1796036 0 1282155
C D I CORP COM 125071100 7237 420755 SH SOLE 381145 0 39610
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 71679 1205496 SH SOLE 450550 0 754946
CABOT CORP COM 127055101 18375 537272 SH SOLE 319687 0 217585
CALAMOS ASSET MGMT INC CL A 12811R104 9953 845598 SH SOLE 770846 0 74752
CAMPUS CREST CMNTYS INC COM 13466Y105 26121 1879230 SH SOLE 1111220 0 768010
CAPITOL FED FINL INC COM 14057j101 25959 2150730 SH SOLE 1263259 0 887471
CAPLEASE INC COM 140288101 7425 1165656 SH SOLE 748726 0 416930
CAPSTEAD MTG CORP COM NO PAR 14067E506 22652 1766940 SH SOLE 1054800 0 712140
CARBO CERAMICS INC COM 140781105 882 9687 SH SOLE 5551 0 4136
CATERPILLAR INC DEL COM 149123101 86027 989153 SH SOLE 366100 0 623053
CHEROKEE INC DEL NEW COM 16444H102 12729 929135 SH SOLE 820857 0 108278
CISCO SYS INC COM 17275R102 71046 3400127 SH SOLE 1246400 0 2153727
CIT GROUP INC COM NEW 125581801 3426 78800 SH SOLE 0 0 78800
CITIGROUP INC *W EXP 01/04/201 172967226 1483 2930600 SH SOLE 0 0 2930600
CITIGROUP INC COM NEW 172967424 8056 182092 SH SOLE 15000 0 167092
CLIFTON SVGS BANCORP INC COM 18712Q103 8697 697959 SH SOLE 629959 0 68000
CLOROX CO DEL COM 189054109 354 4000 SH SOLE 4000 0 0
COACH INC COM 189754104 55954 1119300 SH SOLE 389335 0 729965
COHEN & STEERS INC COM 19247A100 7428 205942 SH SOLE 119537 0 86405
COHU INC COM 192576106 27692 2958529 SH SOLE 2157004 0 801525
COLUMBIA SPORTSWEAR CO COM 198516106 9562 165208 SH SOLE 96963 0 68245
COMFORT SYS USA INC COM 199908104 12670 899229 SH SOLE 818544 0 80685
COMMUNICATIONS SYS INC COM 203900105 4329 440831 SH SOLE 402141 0 38690
CON-WAY INC COM 205944101 23869 677890 SH SOLE 388399 0 289491
COSTAMARE INC SHS Y1771G102 3413 214761 SH SOLE 0 0 214761
CSS INDS INC COM 125906107 2879 110851 SH SOLE 100282 0 10569
CTS CORP COM 126501105 8702 833496 SH SOLE 754088 0 79408
CULLEN FROST BANKERS INC COM 229899109 45744 731556 SH SOLE 272555 0 459001
CURTISS WRIGHT CORP COM 231561101 37674 1085706 SH SOLE 653517 0 432189
CVB FINL CORP COM 126600105 24768 2197723 SH SOLE 1278843 0 918880
CVR REFNG LP COMUNIT REP LT 12663P107 4642 133800 SH SOLE 13800 0 120000
DAKTRONICS INC COM 234264109 10790 1027576 SH SOLE 929711 0 97865
DANA HLDG CORP COM 235825205 15561 872752 SH SOLE 518906 0 353846
DANAOS CORPORATION SHS Y1968P105 15886 3782316 SH SOLE 268001 0 3514315
DEERE & CO COM 244199105 61556 715937 SH SOLE 264360 0 451577
DELTA AIR LINES INC DEL COM NEW 247361702 2823 171000 SH SOLE 0 0 171000
DIANA CONTAINERSHIPS INC COM Y2069P101 905 169726 SH SOLE 0 0 169726
DIEBOLD INC COM 253651103 24429 805715 SH SOLE 480780 0 324935
DIME CMNTY BANCSHARES COM 253922108 7094 494016 SH SOLE 449600 0 44416
DONEGAL GROUP INC CL A 257701201 10013 655761 SH SOLE 596521 0 59240
DONNELLEY R R & SONS CO COM 257867101 30499 2530997 SH SOLE 915400 0 1615597
DOUGLAS DYNAMICS INC COM 25960r105 9862 713605 SH SOLE 646118 0 67487
DOW CHEM CO COM 260543103 82521 2591750 SH SOLE 959270 0 1632480
DU PONT E I DE NEMOURS & CO COM 263534109 84924 1727512 SH SOLE 638570 0 1088942
DYNAMIC MATLS CORP COM 267888105 8609 494792 SH SOLE 441452 0 53340
EASTERN CO COM 276317104 949 54127 SH SOLE 48297 0 5830
EASTERN INS HLDGS INC COM 276534104 5874 313106 SH SOLE 282830 0 30276
EDGEN GROUP INC CL A 28014Q107 329 45504 SH SOLE 45504 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 13444 1216645 SH SOLE 1108165 0 108480
ELLINGTON FINANCIAL LLC COM 288522303 8945 361402 SH SOLE 55000 0 306402
EMERSON ELEC CO COM 291011104 85724 1534349 SH SOLE 559020 0 975329
ENCANA CORP COM 292505104 41756 2145711 SH SOLE 805300 0 1340411
ENNIS INC COM 293389102 7166 475520 SH SOLE 424284 0 51236
ESSA BANCORP INC COM 29667D104 7901 728842 SH SOLE 659792 0 69050
ETHAN ALLEN INTERIORS INC COM 297602104 25015 759859 SH SOLE 372126 0 387733
EXCEL TR INC COM 30068C109 6081 445479 SH SOLE 403319 0 42160
EXCO RESOURCES INC COM 269279402 17956 2518405 SH SOLE 1463255 0 1055150
EXXON MOBIL CORP COM 30231g102 91546 1015933 SH SOLE 396150 0 619783
FBR & CO COM NEW 30247C400 11070 584774 SH SOLE 74344 0 510430
FINISH LINE INC CL A 317923100 41471 2116967 SH SOLE 1112676 0 1004291
FIRST BANCORP INC ME COM 31866P102 4156 230771 SH SOLE 205931 0 24840
FIRST FINL BANCORP OH COM 320209109 24730 1540793 SH SOLE 921193 0 619600
FLUSHING FINL CORP COM 343873105 6894 406953 SH SOLE 367943 0 39010
FORRESTER RESH INC COM 346563109 27836 879496 SH SOLE 518596 0 360900
FORTRESS INVESTMENT GROUP LL CL A 34958B106 6895 1077306 SH SOLE 114700 0 962606
FREDS INC CL A 356108100 21804 1593889 SH SOLE 1089542 0 504347
FREEPORT-MCMORAN COPPER & GO COM 35671D857 66518 2009620 SH SOLE 742870 0 1266750
FREIGHTCAR AMER INC COM 357023100 465 21317 SH SOLE 19017 0 2300
FRESH DEL MONTE PRODUCE INC ORD G36738105 28747 1065500 SH SOLE 632101 0 433399
FULL HOUSE RESORTS INC COM 359678109 1319 470897 SH SOLE 0 0 470897
GAFISA S A SPONS ADR 362607301 3591 918500 SH SOLE 109500 0 809000
GENERAL DYNAMICS CORP COM 369550108 42359 600757 SH SOLE 227800 0 372957
GENERAL MTRS CO *W EXP 07/10/201 37045V126 9943 843309 SH SOLE 72790 0 770519
GENWORTH FINL INC COM CL A 37247D106 8475 847523 SH SOLE 0 0 847523
GLADSTONE LD CORP COM 376549101 3894 250897 SH SOLE 228747 0 22150
GLOBAL CASH ACCESS HLDGS INC COM 378967103 4540 643933 SH SOLE 106400 0 537533
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 12129 688348 SH SOLE 606908 0 81440
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 23736 5274659 SH SOLE 387486 0 4887173
GLOBE SPECIALTY METALS INC COM 37954N206 26746 1921302 SH SOLE 1149502 0 771800
GREAT LAKES DREDGE & DOCK CO COM 390607109 5889 875000 SH SOLE 786660 0 88340
GUESS INC COM 401617105 108801 4381856 SH SOLE 1793591 0 2588265
GULF ISLAND FABRICATION INC COM 402307102 11601 550840 SH SOLE 501395 0 49445
HANOVER INS GROUP INC COM 410867105 25914 521617 SH SOLE 301404 0 220213
HARSCO CORP COM 415864107 68112 2749763 SH SOLE 1222334 0 1527429
HARTFORD FINL SVCS GROUP INC COM 416515104 4345 168400 SH SOLE 0 0 168400
HAYNES INTERNATIONAL INC COM NEW 420877201 26924 486875 SH SOLE 281648 0 205227
HERCULES TECH GROWTH CAP INC COM 427096508 26915 2197105 SH SOLE 1320429 0 876676
HF FINL CORP COM 404172108 2676 195357 SH SOLE 176469 0 18888
HILL ROM HLDGS INC COM 431475102 20455 580776 SH SOLE 344189 0 236587
HILLENBRAND INC COM 431571108 11819 467533 SH SOLE 267905 0 199628
HOME FED BANCORP INC MD COM 43710G105 3386 264534 SH SOLE 241754 0 22780
HOUSTON WIRE & CABLE CO COM 44244K109 12582 971566 SH SOLE 857161 0 114405
HOWARD HUGHES CORP COM 44267D107 5280 63000 SH SOLE 11500 0 51500
HUNTSMAN CORP COM 447011107 52454 2821614 SH SOLE 1044700 0 1776914
IBERIABANK CORP COM 450828108 36534 730397 SH SOLE 435515 0 294882
ICICI BK LTD ADR 45104G104 245 5720 SH SOLE 0 0 5720
INFINITY PPTY & CAS CORP COM 45665Q103 22362 397895 SH SOLE 237530 0 160365
INTEL CORP COM 458140100 91695 4199448 SH SOLE 1552710 0 2646738
INTERNATIONAL GAME TECHNOLOG COM 459902102 10601 642490 SH SOLE 64090 0 578400
INTERSIL CORP CL A 46069S109 41117 4720644 SH SOLE 2831969 0 1888675
ISHARES INC MSCI TAIWAN 464286731 899 67400 SH SOLE 67400 0 0
ISTAR FINL INC COM 45031U101 2951 270987 SH SOLE 2501 0 268486
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 6196 348070 SH SOLE 97380 0 250690
IXYS CORP COM 46600W106 8549 891415 SH SOLE 812735 0 78680
JAKKS PAC INC COM 47012E106 10523 1003181 SH SOLE 913394 0 89787
JETBLUE AIRWAYS CORP COM 477143101 2208 320000 SH SOLE 0 0 320000
JMP GROUP INC COM 46629U107 10994 1591083 SH SOLE 1437791 0 153292
JOHN BEAN TECHNOLOGIES CORP COM 477839104 1232 59389 SH SOLE 52964 0 6425
JOHNSON & JOHNSON COM 478160104 69292 849900 SH SOLE 316696 0 533204
JOHNSON CTLS INC COM 478366107 87162 2485363 SH SOLE 917250 0 1568113
JONES GROUP INC COM 48020t101 16944 1332050 SH SOLE 644100 0 687950
JPMORGAN CHASE & CO COM 46625h100 81440 1715964 SH SOLE 627560 0 1088404
KAYDON CORP COM 486587108 32760 1280694 SH SOLE 755939 0 524755
KELLOGG CO COM 487836108 57643 894662 SH SOLE 331700 0 562962
KENNEDY-WILSON HLDGS INC COM 489398107 1373 88500 SH SOLE 6000 0 82500
KINDER MORGAN INC DEL COM 49456B101 51669 1335818 SH SOLE 495150 0 840668
KNIGHT TRANSN INC COM 499064103 46030 2858985 SH SOLE 1712971 0 1146014
KOHLS CORP COM 500255104 55309 1198972 SH SOLE 451355 0 747617
KRONOS WORLDWIDE INC COM 50105F105 17133 1094736 SH SOLE 646604 0 448132
LAS VEGAS SANDS CORP COM 517834107 7945 141000 SH SOLE 15000 0 126000
LAWSON PRODS INC COM 520776105 10101 574547 SH SOLE 521360 0 53187
LEAR CORP COM NEW 521865204 8553 155881 SH SOLE 13230 0 142651
LINEAR TECHNOLOGY CORP COM 535678106 61985 1615463 SH SOLE 603460 0 1012003
LSI INDS INC COM 50216C108 8981 1286717 SH SOLE 1163517 0 123200
MACYS INC COM 55616P104 5439 130000 SH SOLE 0 0 130000
MANNING & NAPIER INC CL A 56382Q102 17015 1028697 SH SOLE 605341 0 423356
MARATHON OIL CORP COM 565849106 75859 2249678 SH SOLE 832110 0 1417568
MARINE PRODS CORP COM 568427108 6493 882242 SH SOLE 802542 0 79700
MATERION CORP COM 576690101 7197 252528 SH SOLE 229618 0 22910
MBIA INC COM 55262C100 3054 297400 SH SOLE 0 0 297400
MEDTRONIC INC COM 585055106 41964 893617 SH SOLE 328350 0 565267
MENS WEARHOUSE INC COM 587118100 34091 1020090 SH SOLE 609326 0 410764
MERCURY GENL CORP NEW COM 589400100 28249 744774 SH SOLE 273355 0 471419
MERIDIAN BIOSCIENCE INC COM 589584101 27613 1210291 SH SOLE 721344 0 488947
MERITOR INC COM 59001K100 3816 806700 SH SOLE 101700 0 705000
MET PRO CORP COM 590876306 9521 921642 SH SOLE 832288 0 89354
METHODE ELECTRS INC COM 591520200 30094 2336508 SH SOLE 1574313 0 762195
METLIFE INC COM 59156R108 46524 1223664 SH SOLE 454200 0 769464
MFA FINANCIAL INC COM 55272X102 12810 1374500 SH SOLE 222000 0 1152500
MGIC INVT CORP WIS COM 552848103 3539 715000 SH SOLE 140000 0 575000
MICREL INC COM 594793101 41520 3950487 SH SOLE 2362790 0 1587697
MICROSOFT CORP COM 594918104 79251 2770516 SH SOLE 1019327 0 1751189
MIDDLEBURG FINANCIAL CORP COM 596094102 4468 230189 SH SOLE 208104 0 22085
MKS INSTRUMENT INC COM 55306N104 29912 1099723 SH SOLE 655813 0 443910
MOLSON COORS BREWING CO CL B 60871R209 68668 1403402 SH SOLE 527365 0 876037
MORGAN STANLEY COM NEW 617446448 59671 2714789 SH SOLE 998250 0 1716539
MOSAIC CO NEW COM 61945C103 48842 819351 SH SOLE 304050 0 515301
MPG OFFICE TR INC COM 553274101 3189 1159500 SH SOLE 150800 0 1008700
MULTI COLOR CORP COM 625383104 6907 267819 SH SOLE 244019 0 23800
MURPHY OIL CORP COM 626717102 75584 1186001 SH SOLE 445690 0 740311
NATIONAL BK HLDGS CORP CL A 633707104 13720 749750 SH SOLE 442340 0 307410
NATIONAL FUEL GAS CO N J COM 636180101 42838 698256 SH SOLE 257570 0 440686
NEWCASTLE INVT CORP COM 65105M108 2179 195100 SH SOLE 0 0 195100
NEWMONT MINING CORP COM 651639106 3719 88770 SH SOLE 45790 0 42980
NEXTERA ENERGY INC COM 65339F101 38289 492911 SH SOLE 182050 0 310861
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 2899 76000 SH SOLE 0 0 76000
NORANDA ALUM HLDG CORP COM 65542W107 29215 6506643 SH SOLE 4326700 0 2179943
NORFOLK SOUTHERN CORP COM 655844108 45772 593821 SH SOLE 218725 0 375096
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 7523 251598 SH SOLE 27500 0 224098
NORTHERN TR CORP COM 665859104 71777 1315585 SH SOLE 490620 0 824965
NORTHSTAR RLTY FIN CORP COM 66704R100 9075 957272 SH SOLE 76000 0 881272
NU SKIN ENTERPRISES INC CL A 67018T105 56938 1288179 SH SOLE 452400 0 835779
NUCOR CORP COM 670346105 63296 1371531 SH SOLE 508580 0 862951
OCCIDENTAL PETE CORP DEL COM 674599105 90205 1151017 SH SOLE 423970 0 727047
PACIFIC CONTINENTAL CORP COM 69412V108 9141 818327 SH SOLE 739477 0 78850
PANHANDLE OIL AND GAS INC CL A 698477106 3781 131961 SH SOLE 119796 0 12165
PARKER HANNIFIN CORP COM 701094104 41691 455236 SH SOLE 169100 0 286136
PENN WEST PETE LTD NEW COM 707887105 37864 3518967 SH SOLE 1339130 0 2179837
PEOPLES FINL CORP MISS COM 71103B102 5027 402136 SH SOLE 363279 0 38857
PEOPLES UNITED FINANCIAL INC COM 712704105 29958 2232307 SH SOLE 830740 0 1401567
PERFORMANT FINL CORP COM 71377E105 3661 298161 SH SOLE 49650 0 248511
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 222 12220 SH SOLE 0 0 12220
PG&E CORP COM 69331C108 45374 1018963 SH SOLE 378670 0 640293
PHILIP MORRIS INTL INC COM 718172109 3016 32531 SH SOLE 25031 0 7500
PITNEY BOWES INC COM 724479100 33858 2278460 SH SOLE 848650 0 1429810
PNC FINL SVCS GROUP INC COM 693475105 45295 681126 SH SOLE 254873 0 426253
PRECISION DRILLING CORP COM 2010 74022D308 45084 4884468 SH SOLE 1847057 0 3037411
PROVIDENT NEW YORK BANCORP COM 744028101 6140 676954 SH SOLE 613244 0 63710
PRUDENTIAL FINL INC COM 744320102 84020 1424315 SH SOLE 525150 0 899165
PSYCHEMEDICS CORP COM NEW 744375205 6890 577554 SH SOLE 521304 0 56250
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 4790 736897 SH SOLE 666017 0 70880
QUALCOMM INC COM 747525103 77077 1151433 SH SOLE 425020 0 726413
RAIT FINANCIAL TRUST COM NEW 749227609 8922 1119439 SH SOLE 143000 0 976439
REGIS CORP MINN COM 758932107 12608 693102 SH SOLE 390586 0 302516
REPUBLIC SVCS INC COM 760759100 69048 2092363 SH SOLE 779900 0 1312463
RESOURCES CONNECTION INC COM 76122q105 37916 2985483 SH SOLE 1853256 0 1132227
RICKS CABARET INTL INC COM NEW 765641303 755 85400 SH SOLE 85400 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 28718 1323420 SH SOLE 786595 0 536825
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 26429 405606 SH SOLE 132000 0 273606
RYDER SYS INC COM 783549108 43703 731429 SH SOLE 268050 0 463379
SAFEWAY INC COM NEW 786514208 43749 1660300 SH SOLE 610380 0 1049920
SANDERSON FARMS INC COM 800013104 8162 149433 SH SOLE 12690 0 136743
SCHAWK INC CL A 806373106 6867 624820 SH SOLE 557490 0 67330
SCHNITZER STL INDS CL A 806882106 29727 1114612 SH SOLE 661880 0 452732
SCORPIO TANKERS INC SHS Y7542C106 1338 150000 SH SOLE 50000 0 100000
SEALED AIR CORP NEW COM 81211K100 72036 2987811 SH SOLE 1100360 0 1887451
SEARS HOMETOWN & OUTLET STOR COM 812362101 3446 85400 SH SOLE 8100 0 77300
SIERRA BANCORP COM 82620P102 4592 349235 SH SOLE 318255 0 30980
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 8876 350549 SH SOLE 316894 0 33655
SIMPSON MANUFACTURING CO INC COM 829073105 4501 147030 SH SOLE 82790 0 64240
SKYLINE CORP COM 830830105 1389 232706 SH SOLE 207530 0 25176
SKYWORKS SOLUTIONS INC COM 83088M102 5081 230700 SH SOLE 20600 0 210100
SMITHFIELD FOODS INC COM 832248108 7420 280200 SH SOLE 12200 0 268000
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 233 4200 SH SOLE 0 0 4200
SOTHEBYS COM 835898107 26488 708044 SH SOLE 422115 0 285929
SPARTAN MTRS INC COM 846819100 6214 1170180 SH SOLE 1058855 0 111325
STANDARD PAC CORP NEW COM 85375C101 2835 328089 SH SOLE 0 0 328089
STATOIL ASA SPONSORED ADR 85771P102 73250 2975208 SH SOLE 1173850 0 1801358
STEEL DYNAMICS INC COM 858119100 61721 3887962 SH SOLE 1454444 0 2433518
STELLARONE CORP COM 85856G100 5576 345284 SH SOLE 312464 0 32820
STERIS CORP COM 859152100 26837 644965 SH SOLE 384061 0 260904
STERLING BANCORP COM 859158107 26930 2650635 SH SOLE 1821177 0 829458
STERLING FINL CORP WASH COM NEW 859319303 4476 206380 SH SOLE 122350 0 84030
SUMMIT HOTEL PPTYS COM 866082100 27255 2603169 SH SOLE 1621389 0 981780
SUNTRUST BKS INC COM 867914103 56526 1962034 SH SOLE 735858 0 1226176
SYNALLOY CP DEL COM 871565107 4118 294110 SH SOLE 266030 0 28080
SYNOVUS FINL CORP COM 87161C105 2933 1059000 SH SOLE 0 0 1059000
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 199 11590 SH SOLE 0 0 11590
TESSERA TECHNOLOGIES INC COM 88164L100 33035 1761866 SH SOLE 1052628 0 709238
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 42749 1077343 SH SOLE 448180 0 629163
TEXAS INSTRS INC COM 882508104 55716 1570351 SH SOLE 582252 0 988099
TIDEWATER INC COM 886423102 100838 1996801 SH SOLE 890566 0 1106235
TOTAL S A SPONSORED ADR 89151E109 39211 817240 SH SOLE 309849 0 507391
TRANSOCEAN LTD REG SHS h8817h100 51898 998802 SH SOLE 389600 0 609202
TRAVELCENTERS OF AMERICA LLC COM 894174101 4183 436200 SH SOLE 86400 0 349800
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