Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$32.05M	6.5%	—	—	SHS	78463V107
MSFT	MICROSOFT CORP	549,220	$18.28M	3.7%	—	—	COM	594918104
ORCL	ORACLE CORP	528,695	$17.54M	3.5%	—	—	COM	68389X105
—	ANADARKO PETROLEUM CORP	149,626	$13.91M	2.8%	—	—	COM	032511107
PFE	PFIZER INC	437,071	$12.55M	2.5%	—	—	COM	717081103
TITN	TITAN MACHINERY INC	131,000	$11.11M	2.2%	—	—	COM	88830R101
OXY	OCCIDENTAL PETROLEUM	117,045	$10.95M	2.2%	—	—	COM	674599105
IOSP	Inorg Chem Nec	58,695	$10.87M	2.2%	—	—	COM	45768S105
FDX	FEDEX CORPORATION	83,500	$9.528M	1.9%	—	—	COM	31428X106
JPM	JPMORGAN CHASE & COMPANY	171,175	$8.848M	1.8%	—	—	COM	46625H100
—	COMCAST CORP CL A SPL	200,000	$8.67M	1.7%	—	—	CL A	20030N200
LNC	LINCOLN NATIONAL CORP INDIANA	203,000	$8.524M	1.7%	—	—	COM	534187109
AIZ	ASSURANT INC	153,800	$8.321M	1.7%	—	—	COM	04621X108
—	PIONEER NATURAL RESOURCES CO	40,000	$7.552M	1.5%	—	—	COM	723787107
BA	BOEING COMPANY	62,500	$7.344M	1.5%	—	—	COM	097023105
—	ENBRIDGE ENERGY PARTNERS LP	220,000	$6.699M	1.4%	—	—	COM	29250R106
DAL	DELTA AIR LINES INC	274,555	$6.477M	1.3%	—	—	COM NEW	247361702
—	RENTECH NITROGEN PARTNERS LP	253,448	$6.215M	1.3%	—	—	COM	760113100
MET	METLIFE INC	128,875	$6.051M	1.2%	—	—	COM	59156R108
—	WPX ENERGY INC-W/I	297,175	$5.724M	1.2%	—	—	COM	98212B103
C	CITIGROUP INC	117,291	$5.69M	1.1%	—	—	COM	172967424
—	APACHE CORP	65,000	$5.534M	1.1%	—	—	COM	037411105
DVN	DEVON ENERGY CORP	92,035	$5.316M	1.1%	—	—	COM	25179M103
—	HEWLETT-PACKARD CO.	245,505	$5.153M	1.0%	—	—	COM	428236103
JNJ	JOHNSON & JOHNSON	56,750	$4.92M	1.0%	—	—	COM	478160104
DE	DEERE & CO	60,000	$4.883M	1.0%	—	—	COM	244199105
—	CVR PARTNERS LP	240,000	$4.248M	0.9%	—	—	COM	126633106
AVT	AVNET INC	98,400	$4.104M	0.8%	—	—	COM	053807103
PHM	PULTE CORP	245,000	$4.043M	0.8%	—	—	COM	745867101
ETN	EATON CORP PLC	55,540	$3.823M	0.8%	—	—	SHS	G29183103
BP	BP PLC-SPONS ADR	86,282	$3.626M	0.7%	—	—	SPONSORED ADR	055622104
—	STAPLES INC	246,598	$3.613M	0.7%	—	—	COM	855030102
—	MARKWEST ENERGY PARTNERS LP	50,000	$3.612M	0.7%	—	—	UNIT LP	570759100
—	XEROX CORP	317,960	$3.272M	0.7%	—	—	COM	984121103
MRK	MERCK & CO. INC.	68,459	$3.259M	0.7%	—	—	COM	58933Y105
—	PETROLOGISTICS LP	272,000	$3.253M	0.7%	—	—	UNIT LTD PTH INT	71672U101
—	ENSCO INTERNATIONAL INC	60,000	$3.225M	0.7%	—	—	SHS CL A	G3157S106
AIG	AMERICAN INTERNATIONAL GROUP	64,700	$3.146M	0.6%	—	—	COM NEW	026874784
—	SUPERIOR ENERGY SERVICES INC	124,500	$3.117M	0.6%	—	—	COM	868157108
—	GOOGLE INC-CL A	3,325	$2.912M	0.6%	—	—	CL A	38259P508
—	LEGG MASON INC	85,825	$2.87M	0.6%	—	—	COM	524901105
—	DENBURY RESOURCES INC	155,000	$2.854M	0.6%	—	—	COM	247916208
—	BARRICK GOLD CORP	153,241	$2.853M	0.6%	—	—	COM	067901108
—	BAKER HUGHES INC	57,600	$2.828M	0.6%	—	—	COM	057224107
—	ROYAL DUTCH SHELL PLC-ADR	42,881	$2.816M	0.6%	—	—	SPONSORED ADR	780259206
—	ROWAN COS INC	75,000	$2.754M	0.6%	—	—	SHS CL A	G7665A101
—	URS CORP	49,300	$2.65M	0.5%	—	—	COM	903236107
UPBD	RENT-A-CENTER INC	68,250	$2.601M	0.5%	—	—	COM	76009N100
—	BLUEKNIGHT ENERGY PARTNERS LP	315,610	$2.591M	0.5%	—	—	COM UNIT	09625U109
IVZ	INVESCO LTD	79,350	$2.531M	0.5%	—	—	SHS	G491BT108
—	CRAY INC	100,908	$2.428M	0.5%	—	—	COM NEW	225223304
OC	OWENS CORNING	63,550	$2.414M	0.5%	—	—	COM	690742101
GS	GOLDMAN SACHS GROUP INC	15,075	$2.385M	0.5%	—	—	COM	38141G104
PNC	PNC FINANCIAL CORP	32,644	$2.365M	0.5%	—	—	COM	693475105
CTRA	CABOT OIL & GAS CORP -CL A	63,000	$2.351M	0.5%	—	—	COM	127097103
—	L-3 COMMUNICATIONS CORP	24,400	$2.306M	0.5%	—	—	COM	502424104
NWSA	NEWS CORP - CLASS A	142,510	$2.289M	0.5%	—	—	CL A	65249B109
—	VALASSIS COMMUNICATIONS INC	78,000	$2.253M	0.5%	—	—	COM	918866104
—	HOSPITALITY PROPERTIES TRUST	77,675	$2.198M	0.4%	—	—	COM SHS	44106M102
ET	ENERGY TRANSFER EQUITY LP	32,500	$2.138M	0.4%	—	—	COM UNIT	29273V100
—	PARTNERRE LTD	23,350	$2.137M	0.4%	—	—	COM	G6852T105
PBF	PBF ENERGY INC	93,100	$2.09M	0.4%	—	—	CL A	69318G106
PH	PARKER HANNIFIN CORP	19,125	$2.079M	0.4%	—	—	COM	701094104
OMC	OMNICOM GROUP	32,725	$2.076M	0.4%	—	—	COM	681919106
CNO	CONSECO INC	142,500	$2.052M	0.4%	—	—	COM	12621E103
—	DELPHI AUTOMOTIVE PLC	34,800	$2.033M	0.4%	—	—	SHS	G27823106
—	WALTER INDUSTRIES INC	144,600	$2.029M	0.4%	—	—	COM	93317Q105
BK	BANK OF NEW YORK	67,012	$2.023M	0.4%	—	—	COM	064058100
BAC	BANK OF AMERICA CORP	146,050	$2.015M	0.4%	—	—	COM	060505104
—	WELLCARE GROUP INC	28,410	$1.981M	0.4%	—	—	COM	94946T106
—	TE CONNECTIVITY LTD.	38,075	$1.972M	0.4%	—	—	REG SHS	H84989104
MS	MORGAN ST DEAN WITTER DISCOV	72,550	$1.955M	0.4%	—	—	COM	617446448
—	ING US INC	66,675	$1.948M	0.4%	—	—	COM	45685E106
STT	STATE STREET CORP	29,375	$1.931M	0.4%	—	—	COM	857477103
—	TRW AUTOMOTIVE HOLDINGS CORP	26,825	$1.913M	0.4%	—	—	COM	87264S106
NWS	NEWS CORP - CLASS B	115,750	$1.902M	0.4%	—	—	CL B	65249B208
—	HEALTH MGMT ASSOCIATES INC-A	147,390	$1.887M	0.4%	—	—	CL A	421933102
VRTS	VIRTUS INVESTMENT PARTNERS	11,595	$1.886M	0.4%	—	—	COM	92828Q109
PCG	P G & E CORPORATION	45,834	$1.876M	0.4%	—	—	COM	69331C108
—	QEP MIDSTREAM PARTNERS LP	80,000	$1.811M	0.4%	—	—	COM UNIT RP LTD	74735R115
—	LABORATORY CRP OF AMER HLDGS	18,250	$1.809M	0.4%	—	—	COM NEW	50540R409
—	ARGO GROUP INTERNATIONAL	42,075	$1.805M	0.4%	—	—	COM	G0464B107
—	CON-WAY INC	41,675	$1.796M	0.4%	—	—	COM	205944101
—	INGRAM MICRO INC-CL A	77,300	$1.782M	0.4%	—	—	CL A	457153104
BDX	BECTON DICKINSON & CO	17,625	$1.763M	0.4%	—	—	COM	075887109
—	MASONITE INTERNATIONAL CORP	35,300	$1.727M	0.3%	—	—	COM	575385109
NVRI	HARSCO CORP	68,400	$1.703M	0.3%	—	—	COM	415864107
TEVA	TEVA PHARMACEUTICAL-SP ADR	44,455	$1.68M	0.3%	—	—	COM	881624209
—	PHOTOMEDEX INC	104,770	$1.666M	0.3%	—	—	COM	719358301
—	ASPEN INSURANCE HOLDINGS LTD	45,800	$1.662M	0.3%	—	—	SHS	G05384105
CSCO	CISCO SYSTEMS INC	70,000	$1.64M	0.3%	—	—	COM	17275R102
—	BANCORPSOUTH INC	80,905	$1.613M	0.3%	—	—	COM	059692103
RGA	REINSURANCE GROUP OF AMERICA	24,000	$1.608M	0.3%	—	—	COM NEW	759351604
—	AMERICAN EQUITY INVT LIFE HL	74,950	$1.59M	0.3%	—	—	COM	025676206
—	TCF FINANCIAL CORP	107,675	$1.538M	0.3%	—	—	COM	872275102
BRC	BRADY CORPORATION - CL A	50,350	$1.536M	0.3%	—	—	CL A	104674106
UAL	UAL CORP	50,000	$1.536M	0.3%	—	—	COM	910047109
XOM	EXXON MOBIL CORP	17,850	$1.536M	0.3%	—	—	COM	30231G102
—	EMC CORPORATION	60,000	$1.534M	0.3%	—	—	COM	268648102
DIOD	DIODES INC	61,450	$1.506M	0.3%	—	—	COM	254543101
—	ACTUANT CORP-CL A	38,725	$1.504M	0.3%	—	—	CL A	00508X203
—	ANIXTER INTERNATIONAL INC	16,750	$1.468M	0.3%	—	—	COM	035290105
—	GENERAL MOTORS-CW16	54,576	$1.442M	0.3%	—	—	WARRANT	37045V118
TPC	TUTOR PERINI CORP	66,250	$1.412M	0.3%	—	—	COM	901109108
—	BBCN BANCORP INC	102,050	$1.403M	0.3%	—	—	COM	073295107
ATI	ALLEGHENY TECHNOLOGIES INC	45,572	$1.391M	0.3%	—	—	COM	01741R102
—	CAPITAL PRODUCT PARTNERS LP	154,394	$1.39M	0.3%	—	—	COM UNIT	Y11082107
—	VCA ANTECH INC	50,475	$1.386M	0.3%	—	—	COM	918194101
DAN	DANA HOLDING CORP	60,324	$1.378M	0.3%	—	—	COM	235825205
—	JONES APPAREL GROUP INC	88,334	$1.326M	0.3%	—	—	COM	48020T101
—	CAPITAL LEASE FUNDING INC	154,081	$1.308M	0.3%	—	—	COM	140288101
—	HARTE-HANKS INC	147,625	$1.304M	0.3%	—	—	COM	416196103
—	ENGILITY HOLDINGS INC - W/I	40,680	$1.291M	0.3%	—	—	COM	29285W104
—	NATL PENN BCSHS INC	126,475	$1.271M	0.3%	—	—	COM	637138108
PRI	PRIMERICA INC	30,631	$1.236M	0.2%	—	—	COM	74164M108
CHE	CHEMED CORP	16,900	$1.208M	0.2%	—	—	COM	16359R103
AAPL	APPLE COMPUTER INC	2,475	$1.18M	0.2%	—	—	COM	037833100
—	TALLGRASS ENERGY PARTNERS LP	50,000	$1.165M	0.2%	—	—	COM UNIT	874697105
MWA	MUELLER WATER PRODUCTS INC-A	145,225	$1.16M	0.2%	—	—	COM	624758108
—	PHH CORP	48,100	$1.142M	0.2%	—	—	COM	693320202
—	INGERSOLL RAND CO	17,405	$1.13M	0.2%	—	—	SHS	G47791101
DRH	DIAMONDROCK HOSPITALITY CO	105,771	$1.129M	0.2%	—	—	COM	252784301
GFF	GRIFFON CORPORATION	89,919	$1.128M	0.2%	—	—	COM	398433102
—	GRANITE REAL ESTATE INVESTMENT TRST	31,300	$1.116M	0.2%	—	—	UNIT	387437114
NSIT	INSIGHT ENTERPRISES INC	58,968	$1.115M	0.2%	—	—	COM	45765U103
—	GLOBAL CASH ACCESS INC	142,016	$1.109M	0.2%	—	—	COM	378967103
WBS	WEBSTER FINANCIAL CORP	43,400	$1.108M	0.2%	—	—	COM	947890109
—	MEDTRONIC INC	20,680	$1.101M	0.2%	—	—	COM	585055106
MATW	MATTHEWS INTL CORP-CLASS A	27,400	$1.043M	0.2%	—	—	CL A	577128101
—	DELL COMPUTER CORP	75,325	$1.036M	0.2%	—	—	COM	24702R101
—	UNITED STATIONERS INC	23,375	$1.015M	0.2%	—	—	COM	913004107
—	BARNES & NOBLE INC	75,041	$971K	0.2%	—	—	COM	067774109
—	ALLERGAN INC	10,665	$965K	0.2%	—	—	COM	018490102
IBM	INTERNATIONAL BUSINESS MACHINE	20,598	$961K	0.2%	—	—	COM	459200101
—	BABCOCK & WILCOX CO/THE	28,121	$948K	0.2%	—	—	COM	05615F102
NRG	NRG ENERGY INC	34,446	$941K	0.2%	—	—	COM NEW	629377508
ABT	ABBOTT LABORATORIES	27,725	$920K	0.2%	—	—	COM	002824100
—	HESS CORP	11,850	$916K	0.2%	—	—	COM	42809H107
NEM	NEWMONT MINING CORP	32,565	$915K	0.2%	—	—	COM	651639106
CRS	CARPENTER TECHNOLOGY	15,500	$901K	0.2%	—	—	COM	144285103
—	AEROPOSTALE INC	93,750	$881K	0.2%	—	—	COM	007865108
—	ICONIX BRAND GROUP INC	26,300	$874K	0.2%	—	—	COM	451055107
—	PROTECTIVE LIFE CORP	19,860	$845K	0.2%	—	—	COM	743674103
EZPW	EZCORP INC-CL A	47,900	$808K	0.2%	—	—	CL A	302301106
MLKN	HERMAN MILLER INC	27,075	$790K	0.2%	—	—	COM	600544100
—	TUPPERWARE CORP	8,800	$760K	0.2%	—	—	COM	899896104
—	AON CORP	10,000	$744K	0.2%	—	—	SHS CL A	G0408V102
—	SYNOVUS FINANCIAL CORP	224,900	$742K	0.1%	—	—	COM	87161C105
UEC	URANIUM ENERGY CORP	329,700	$742K	0.1%	—	—	COM	916896103
—	ENDO HEALTH SOLUTIONS INC	16,200	$736K	0.1%	—	—	COM	29264F205
—	CASTLE (A.M.) & CO	44,400	$715K	0.1%	—	—	COM	148411101
—	MONSTER WORLDWIDE INC	160,675	$710K	0.1%	—	—	COM	611742107
KALU	KAISER ALUMINUM CORP	9,700	$691K	0.1%	—	—	COM	483007704
ZTS	ZOETIS INC	22,185	$690K	0.1%	—	—	CL A	98978V103
—	OCEAN RIG UDW INC	37,344	$680K	0.1%	—	—	SHS	Y64354205
PIPR	PIPER JAFFRAY COS	19,000	$652K	0.1%	—	—	COM	724078100
—	NV ENERGY INC	27,100	$640K	0.1%	—	—	COM	67073Y106
KO	COCA COLA CO	16,600	$629K	0.1%	—	—	COM	191216100
—	FIRST MIDWEST BANCORP INC/IL	41,425	$625K	0.1%	—	—	COM	320867104
CDVIQ	CAL DIVE INTERNATIONAL INC	301,800	$619K	0.1%	—	—	COM	12802T101
FCNCA	FIRST CITIZENS BCSHS -CL A	2,945	$605K	0.1%	—	—	CL A	31946M103
—	AMERICAN REPROGRAPHICS CO	130,375	$598K	0.1%	—	—	COM	00191G103
—	PARK STERLING CORP	91,866	$589K	0.1%	—	—	COM	70086Y105
TTEK	TETRA TECH INC	22,675	$587K	0.1%	—	—	COM	88162G103
—	GOVERNMENT PROPERTIES INCOME	24,500	$586K	0.1%	—	—	COM SHS BEN INT	38376A103
LEN/B	LENNAR CORP - B SHS	20,380	$584K	0.1%	—	—	CL B	526057302
WSFS	WSFS FINANCIAL CORP	9,400	$566K	0.1%	—	—	COM	929328102
—	SCHNITZER STEEL INDS INC-A	19,675	$541K	0.1%	—	—	CL A	806882106
—	LEXMARK INTL GROUP INC-CL A	16,100	$531K	0.1%	—	—	CL A	529771107
WLY	WILEY (JOHN) & SONS-CLASS A	10,800	$515K	0.1%	—	—	CL A	968223206
—	ARRIS CORP	29,800	$508K	0.1%	—	—	COM	04270V106
TMO	THERMO FISHER SCIENTIFIC	5,458	$503K	0.1%	—	—	COM	883556102
—	XL GROUP PLC	15,200	$468K	0.1%	—	—	SHS	G98290102
—	GENTIVA HEALTH SERVICES	38,491	$463K	0.1%	—	—	COM	37247A102
—	GREAT PLAINS ENERGY INC	20,700	$460K	0.1%	—	—	COM	391164100
UFPT	UFP TECHNOLOGIES INC	19,243	$438K	0.1%	—	—	COM	902673102
THC	TENET HEALTHCARE CORP	8,725	$359K	0.1%	—	—	COM NEW	88033G407
CMCO	COLUMBUS MCKINNON CORP/NY	14,485	$348K	0.1%	—	—	COM	199333105
AGX	ARGAN INC	15,351	$337K	0.1%	—	—	COM	04010E109
NNI	NELNET INC-CL A	8,600	$331K	0.1%	—	—	CL A	64031N108
HII	HUNTINGTON INGALLS INDUSTRIES	4,675	$315K	0.1%	—	—	COM	446413106
—	CASH AMERICA INTL INC	6,400	$290K	0.1%	—	—	COM	14754D100
POR	PORTLAND GENERAL ELECTRIC	10,200	$288K	0.1%	—	—	COM	736508847
CALY	CALLAWAY GOLF COMPANY	40,500	$288K	0.1%	—	—	COM	131193104
—	KAPSTONE PAPER AND PACKAGING	6,700	$287K	0.1%	—	—	COM	48562P103
—	WET SEAL INC/THE CLASS A	70,400	$277K	0.1%	—	—	CL A	961840105
MLR	MILLER INDUSTRIES INC/TENN	16,262	$276K	0.1%	—	—	COM	600551204
TRV	TRAVELERS COS INC/THE	16,900	$272K	0.1%	—	—	COM	89417E109
AEP	AMERICAN ELECT PWR INC	6,154	$267K	0.1%	—	—	COM	025537101
—	INTERVAL LEISURE GROUP	8,568	$202K	0.0%	—	—	COM	46113M108
—	SKECHERS USA INC-CL A	6,467	$201K	0.0%	—	—	CL A	830566105
—	PACIFIC ETHANOL INC	40,000	$140K	0.0%	—	—	COM	69423U305
NG	NOVAGOLD RESOURCES INC	43,627	$101K	0.0%	—	—	COM NEW	66987E206