Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$29.78M	6.3%	—	—	SHS	78463V107
MSFT	MICROSOFT CORP	521,095	$18M	3.8%	—	—	COM	594918104
IBM	INTERNATIONAL BUSINESS MACHINE	74,250	$14.19M	3.0%	—	—	COM	459200101
ORCL	ORACLE CORP	442,505	$13.59M	2.9%	—	—	COM	68389X105
—	ANADARKO PETROLEUM CORP	153,496	$13.19M	2.8%	—	—	COM	032511107
TRV	TRAVELERS COS INC/THE	140,000	$11.19M	2.4%	—	—	COM	89417E109
PFE	PFIZER INC	388,191	$10.87M	2.3%	—	—	COM	717081103
—	COMCAST CORP CL A SPL	250,000	$9.918M	2.1%	—	—	CL A	20030N200
OXY	OCCIDENTAL PETROLEUM	109,900	$9.806M	2.1%	—	—	COM	674599105
JPM	JPMORGAN CHASE & COMPANY	171,175	$9.036M	1.9%	—	—	COM	46625H100
FDX	FEDEX CORPORATION	83,500	$8.231M	1.8%	—	—	COM	31428X106
AIZ	ASSURANT INC	147,800	$7.524M	1.6%	—	—	COM	04621X108
LNC	LINCOLN NATIONAL CORP INDIANA	203,000	$7.403M	1.6%	—	—	COM	534187109
—	HEWLETT-PACKARD CO.	274,925	$6.818M	1.5%	—	—	COM	428236103
—	RENTECH NITROGEN PARTNERS LP	229,848	$6.762M	1.4%	—	—	COM	760113100
—	ENBRIDGE ENERGY PARTNERS LP	220,000	$6.708M	1.4%	—	—	COM	29250R106
—	MARKWEST ENERGY PARTNERS LP	100,000	$6.685M	1.4%	—	—	UNIT LP	570759100
MET	METLIFE INC	143,350	$6.56M	1.4%	—	—	COM	59156R108
C	CITIGROUP INC	127,516	$6.117M	1.3%	—	—	COM	172967424
DVN	DEVON ENERGY CORP	112,035	$5.812M	1.2%	—	—	COM	25179M103
—	PIONEER NATURAL RESOURCES CO	40,000	$5.79M	1.2%	—	—	COM	723787107
PCG	P G & E CORPORATION	123,183	$5.633M	1.2%	—	—	COM	69331C108
—	WPX ENERGY INC-W/I	297,175	$5.628M	1.2%	—	—	COM	98212B103
—	STAPLES INC	354,567	$5.627M	1.2%	—	—	COM	855030102
—	APACHE CORP	65,000	$5.449M	1.2%	—	—	COM	037411105
DE	DEERE & CO	60,000	$4.875M	1.0%	—	—	COM	244199105
JNJ	JOHNSON & JOHNSON	56,750	$4.873M	1.0%	—	—	COM	478160104
—	XEROX CORP	530,535	$4.812M	1.0%	—	—	COM	984121103
—	CVR PARTNERS LP	200,000	$4.546M	1.0%	—	—	COM	126633106
DAL	DELTA AIR LINES INC	226,675	$4.241M	0.9%	—	—	COM NEW	247361702
—	PETROLOGISTICS LP	272,000	$3.604M	0.8%	—	—	UNIT LTD PTH INT	71672U101
BP	BP PLC-SPONS ADR	86,282	$3.601M	0.8%	—	—	SPONS	055622104
ET	ENERGY TRANSFER EQUITY LP	60,000	$3.589M	0.8%	—	—	COM UNIT	29273V100
—	ENSCO INTERNATIONAL INC	60,000	$3.487M	0.7%	—	—	SHS CL A	G3157S106
BA	BOEING COMPANY	32,500	$3.329M	0.7%	—	—	COM	097023105
AVT	AVNET INC	98,050	$3.294M	0.7%	—	—	COM	053807103
MRK	MERCK & CO. INC.	68,459	$3.18M	0.7%	—	—	COM	58933Y105
ETN	EATON CORP PLC	44,710	$2.942M	0.6%	—	—	SHS	G29183103
—	GOOGLE INC-CL A	3,325	$2.927M	0.6%	—	—	CL A	38259P508
AIG	AMERICAN INTERNATIONAL GROUP	64,700	$2.892M	0.6%	—	—	COM NEW	026874784
—	BLUEKNIGHT ENERGY PARTNERS LP	315,410	$2.766M	0.6%	—	—	COM UNIT	09625U109
—	ROYAL DUTCH SHELL PLC-ADR	42,285	$2.698M	0.6%	—	—	SPONS	780259206
—	DENBURY RESOURCES INC	155,000	$2.685M	0.6%	—	—	COM	247916208
—	BAKER HUGHES INC	57,600	$2.657M	0.6%	—	—	COM	057224107
UPBD	RENT-A-CENTER INC	68,575	$2.575M	0.5%	—	—	COM	76009N100
—	ROWAN COS INC	75,000	$2.555M	0.5%	—	—	SHS CL A	G7665A101
—	DELPHI AUTOMOTIVE PLC	50,225	$2.546M	0.5%	—	—	SHS	G27823106
IVZ	INVESCO LTD	79,350	$2.523M	0.5%	—	—	SHS	G491BT108
—	TE CONNECTIVITY LTD.	55,075	$2.508M	0.5%	—	—	REG SHS	H84989104
—	BARRICK GOLD CORP	153,241	$2.412M	0.5%	—	—	COM	067901108
PBF	PBF ENERGY INC	93,100	$2.411M	0.5%	—	—	CL A	69318G106
PNC	PNC FINANCIAL CORP	32,644	$2.38M	0.5%	—	—	COM	693475105
—	URS CORP	49,300	$2.328M	0.5%	—	—	COM	903236107
—	CAPITAL PRODUCT PARTNERS LP	250,000	$2.32M	0.5%	—	—	COM UNIT	Y11082107
GS	GOLDMAN SACHS GROUP INC	15,075	$2.28M	0.5%	—	—	COM	38141G104
CTRA	CABOT OIL & GAS CORP -CL A	31,500	$2.237M	0.5%	—	—	COM	127097103
TEVA	TEVA PHARMACEUTICAL-SP ADR	56,480	$2.214M	0.5%	—	—	COM	881624209
OC	OWENS CORNING	56,025	$2.189M	0.5%	—	—	COM	690742101
—	MEDTRONIC INC	41,190	$2.12M	0.5%	—	—	COM	585055106
—	PARTNERRE LTD	23,350	$2.115M	0.5%	—	—	COM	G6852T105
—	TALLGRASS ENERGY PARTNERS LP	100,000	$2.1M	0.4%	—	—	COM UNIT	874697105
—	L-3 COMMUNICATIONS CORP	24,400	$2.092M	0.4%	—	—	COM	502424104
OMC	OMNICOM GROUP	32,725	$2.057M	0.4%	—	—	COM	681919106
—	HOSPITALITY PROPERTIES TRUST	77,675	$2.041M	0.4%	—	—	COM SHS	44106M102
MS	MORGAN ST DEAN WITTER DISCOV	82,950	$2.026M	0.4%	—	—	COM	617446448
—	CRAY INC	100,908	$1.982M	0.4%	—	—	COM NEW	225223304
—	LEGG MASON INC	63,600	$1.972M	0.4%	—	—	COM	524901105
—	DELL COMPUTER CORP	145,675	$1.941M	0.4%	—	—	COM	24702R101
—	INGRAM MICRO INC-CL A	101,975	$1.937M	0.4%	—	—	CL A	457153104
CNO	CONSECO INC	148,600	$1.926M	0.4%	—	—	COM	12621E103
—	VALASSIS COMMUNICATIONS INC	78,000	$1.918M	0.4%	—	—	COM	918866104
STT	STATE STREET CORP	29,375	$1.916M	0.4%	—	—	COM	857477103
BK	BANK OF NEW YORK	67,012	$1.88M	0.4%	—	—	COM	064058100
BAC	BANK OF AMERICA CORP	146,050	$1.878M	0.4%	—	—	COM	060505104
—	LABORATORY CRP OF AMER HLDGS	18,250	$1.827M	0.4%	—	—	COM NEW	50540R409
PH	PARKER HANNIFIN CORP	19,125	$1.825M	0.4%	—	—	COM	701094104
—	ING US INC	66,675	$1.804M	0.4%	—	—	COM	45685E106
NOC	NORTHROP GRUMMAN CORP	21,750	$1.801M	0.4%	—	—	COM	666807102
—	ARGO GROUP INTERNATIONAL	42,075	$1.784M	0.4%	—	—	COM	G0464B107
ETR	ENTERGY CORP	25,500	$1.777M	0.4%	—	—	COM	29364G103
BDX	BECTON DICKINSON & CO	17,625	$1.742M	0.4%	—	—	COM	075887109
DIOD	DIODES INC	65,198	$1.693M	0.4%	—	—	COM	254543101
—	HARTE-HANKS INC	196,750	$1.692M	0.4%	—	—	COM	416196103
—	PHOTOMEDEX INC	104,770	$1.67M	0.4%	—	—	COM	719358301
—	CON-WAY INC	41,675	$1.624M	0.3%	—	—	COM	205944101
XOM	EXXON MOBIL CORP	17,850	$1.613M	0.3%	—	—	COM	30231G102
NVRI	HARSCO CORP	68,400	$1.586M	0.3%	—	—	COM	415864107
—	WELLCARE GROUP INC	28,410	$1.578M	0.3%	—	—	COM	94946T106
UAL	UAL CORP	50,000	$1.565M	0.3%	—	—	COM	910047109
MWA	MUELLER WATER PRODUCTS INC-A	225,975	$1.561M	0.3%	—	—	COM	624758108
—	TCF FINANCIAL CORP	107,675	$1.527M	0.3%	—	—	COM	872275102
—	ACTUANT CORP-CL A	46,175	$1.522M	0.3%	—	—	CL A	00508X203
—	WALTER INDUSTRIES INC	144,600	$1.504M	0.3%	—	—	COM	93317Q105
—	JONES APPAREL GROUP INC	106,809	$1.469M	0.3%	—	—	COM	48020T101
—	AMERICAN EQUITY INVT LIFE HL	92,925	$1.459M	0.3%	—	—	COM	025676206
BRC	BRADY CORPORATION - CL A	47,425	$1.457M	0.3%	—	—	CL A	104674106
—	BBCN BANCORP INC	102,050	$1.451M	0.3%	—	—	COM	073295107
—	BANCORPSOUTH INC	80,905	$1.432M	0.3%	—	—	COM	059692103
—	EMC CORPORATION	60,000	$1.417M	0.3%	—	—	COM	268648102
—	ASPEN INSURANCE HOLDINGS LTD	37,900	$1.406M	0.3%	—	—	SHS	G05384105
VRTS	VIRTUS INVESTMENT PARTNERS	7,795	$1.374M	0.3%	—	—	COM	92828Q109
—	VCA ANTECH INC	50,475	$1.317M	0.3%	—	—	COM	918194101
—	GENERAL MOTORS-CW16	54,576	$1.31M	0.3%	—	—	WARRANT	37045V118
UNM	UNUM CORP	44,500	$1.307M	0.3%	—	—	COM	91529Y106
—	CAPITAL LEASE FUNDING INC	154,081	$1.3M	0.3%	—	—	COM	140288101
—	AEROPOSTALE INC	93,750	$1.294M	0.3%	—	—	COM	007865108
—	NATL PENN BCSHS INC	126,475	$1.285M	0.3%	—	—	COM	637138108
—	BARNES & NOBLE INC	75,041	$1.198M	0.3%	—	—	COM	067774109
TPC	TUTOR PERINI CORP	66,250	$1.198M	0.3%	—	—	COM	901109108
CW	CURTISS-WRIGHT CORP	32,275	$1.196M	0.3%	—	—	COM	231561101
DAN	DANA HOLDING CORP	60,324	$1.162M	0.2%	—	—	COM	235825205
—	ENGILITY HOLDINGS INC - W/I	40,680	$1.156M	0.2%	—	—	COM	29285W104
PRI	PRIMERICA INC	30,631	$1.147M	0.2%	—	—	COM	74164M108
WBS	WEBSTER FINANCIAL CORP	43,400	$1.115M	0.2%	—	—	COM	947890109
—	GLOBAL CASH ACCESS INC	173,816	$1.088M	0.2%	—	—	COM	378967103
—	GRANITE REAL ESTATE INVESTMENT TRST	31,300	$1.081M	0.2%	—	—	UNIT	387437114
—	ANIXTER INTERNATIONAL INC	14,175	$1.075M	0.2%	—	—	COM	035290105
NSIT	INSIGHT ENTERPRISES INC	58,968	$1.046M	0.2%	—	—	COM	45765U103
MATW	MATTHEWS INTL CORP-CLASS A	27,400	$1.033M	0.2%	—	—	CL A	577128101
GFF	GRIFFON CORPORATION	89,919	$1.012M	0.2%	—	—	COM	398433102
DRH	DIAMONDROCK HOSPITALITY CO	105,771	$986K	0.2%	—	—	COM	252784301
AAPL	APPLE COMPUTER INC	2,475	$981K	0.2%	—	—	COM	037833100
—	PHH CORP	48,100	$980K	0.2%	—	—	COM	693320202
ABT	ABBOTT LABORATORIES	27,725	$967K	0.2%	—	—	COM	002824100
—	INGERSOLL RAND CO	17,405	$966K	0.2%	—	—	SHS	G47791101
NRG	NRG ENERGY INC	34,446	$920K	0.2%	—	—	COM NEW	629377508
—	SPRINT CORP	130,278	$915K	0.2%	—	—	COM	852061100
—	SKECHERS USA INC-CL A	37,942	$911K	0.2%	—	—	CL A	830566105
IOSP	Inorg Chem Nec	21,098	$848K	0.2%	—	—	COM	45768S105
—	BABCOCK & WILCOX CO/THE	28,121	$844K	0.2%	—	—	COM	05615F102
—	ICONIX BRAND GROUP INC	28,000	$823K	0.2%	—	—	COM	451055107
EZPW	EZCORP INC-CL A	47,900	$810K	0.2%	—	—	CL A	302301106
WSFS	WSFS FINANCIAL CORP	15,100	$791K	0.2%	—	—	COM	929328102
—	MONSTER WORLDWIDE INC	160,675	$789K	0.2%	—	—	COM	611742107
—	HESS CORP	11,850	$788K	0.2%	—	—	COM	42809H107
—	UNITED STATIONERS INC	23,375	$784K	0.2%	—	—	COM	913004107
ATI	ALLEGHENY TECHNOLOGIES INC	29,305	$771K	0.2%	—	—	COM	01741R102
—	PROTECTIVE LIFE CORP	19,860	$763K	0.2%	—	—	COM	743674103
MLKN	HERMAN MILLER INC	27,075	$733K	0.2%	—	—	COM	600544100
—	JAKKS PACIFIC INC	64,106	$721K	0.2%	—	—	COM	47012E106
CRS	CARPENTER TECHNOLOGY	15,500	$699K	0.1%	—	—	COM	144285103
ZTS	ZOETIS INC	22,185	$685K	0.1%	—	—	CL A	98978V103
—	TUPPERWARE CORP	8,800	$684K	0.1%	—	—	COM	899896104
KO	COCA COLA CO	16,600	$666K	0.1%	—	—	COM	191216100
—	NV ENERGY INC	27,100	$636K	0.1%	—	—	COM	67073Y106
—	CASTLE (A.M.) & CO	39,300	$619K	0.1%	—	—	COM	148411101
KALU	KAISER ALUMINUM CORP	9,700	$601K	0.1%	—	—	COM	483007704
—	ENDO HEALTH SOLUTIONS INC	16,200	$596K	0.1%	—	—	COM	29264F205
UEC	URANIUM ENERGY CORP	329,700	$590K	0.1%	—	—	COM	916896103
—	LEXMARK INTL GROUP INC-CL A	19,100	$584K	0.1%	—	—	CL A	529771107
CNQ	CANADIAN NATURAL RESOURCES	20,000	$565K	0.1%	—	—	COM	136385101
—	CIRCOR INTERNATIONAL INC	10,675	$543K	0.1%	—	—	COM	17273K109
—	PARK STERLING CORP	91,866	$543K	0.1%	—	—	COM	70086Y105
HII	HUNTINGTON INGALLS INDUSTRIES	9,525	$538K	0.1%	—	—	COM	446413106
—	CVR REFINING LP	17,640	$530K	0.1%	—	—	COMUNIT REP LT	12663P107
—	AMERICAN REPROGRAPHICS CO	130,375	$522K	0.1%	—	—	COM	00191G103
—	KAPSTONE PAPER AND PACKAGING	12,900	$518K	0.1%	—	—	COM	48562P103
—	GREAT PLAINS ENERGY INC	20,700	$467K	0.1%	—	—	COM	391164100
—	SYNOVUS FINANCIAL CORP	160,050	$467K	0.1%	—	—	COM	87161C105
TMO	THERMO FISHER SCIENTIFIC	5,458	$462K	0.1%	—	—	COM	883556102
—	XL GROUP PLC	15,200	$461K	0.1%	—	—	SHS	G98290102
CDVIQ	CAL DIVE INTERNATIONAL INC	245,100	$461K	0.1%	—	—	COM	12802T101
—	GOVERNMENT PROPERTIES INCOME	17,600	$444K	0.1%	—	—	COM SHS BEN INT	38376A103
WLY	WILEY (JOHN) & SONS-CLASS A	10,800	$433K	0.1%	—	—	CL A	968223206
—	ARRIS CORP	29,800	$428K	0.1%	—	—	COM	04270V106
LEN/B	LENNAR CORP - B SHS	14,580	$413K	0.1%	—	—	CL B	526057302
THC	TENET HEALTHCARE CORP	8,725	$402K	0.1%	—	—	COM NEW	88033G407
—	GENTIVA HEALTH SERVICES	38,491	$383K	0.1%	—	—	COM	37247A102
UFPT	UFP TECHNOLOGIES INC	19,243	$377K	0.1%	—	—	COM	902673102
FCNCA	FIRST CITIZENS BCSHS -CL A	1,900	$365K	0.1%	—	—	CL A	31946M103
NNI	NELNET INC-CL A	8,600	$310K	0.1%	—	—	CL A	64031N108
—	CASH AMERICA INTL INC	6,400	$291K	0.1%	—	—	COM	14754D100
—	WET SEAL INC/THE CLASS A	61,300	$289K	0.1%	—	—	CL A	961840105
—	SUPERIOR ENERGY SERVICES INC	10,900	$283K	0.1%	—	—	COM	868157108
CALY	CALLAWAY GOLF COMPANY	40,500	$266K	0.1%	—	—	COM	131193104
AGX	ARGAN INC	16,777	$262K	0.1%	—	—	COM	04010E109
—	OCEAN RIG UDW INC	13,744	$257K	0.1%	—	—	SHS	Y64354205
MLR	MILLER INDUSTRIES INC/TENN	16,262	$250K	0.1%	—	—	COM	600551204
—	PACIFIC ETHANOL INC	50,000	$199K	0.0%	—	—	COM	69423U305