Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$29.03M	5.7%	—	—	SHS	78463V107
ORCL	ORACLE CORP	528,695	$20.23M	4.0%	—	—	COM	68389X105
MSFT	MICROSOFT CORP	439,281	$16.43M	3.2%	—	—	COM	594918104
FDX	FEDEX CORPORATION	80,000	$11.5M	2.2%	—	—	COM	31428X106
TRV	TRAVELERS COS INC/THE	125,000	$11.32M	2.2%	—	—	COM	89417E109
—	ANADARKO PETROLEUM CORP	135,000	$10.71M	2.1%	—	—	COM	032511107
PFE	PFIZER INC COMMON STOCK	337,071	$10.32M	2.0%	—	—	COM	717081103
IBM	INTERNATIONAL BUSINESS MACHINE COMMON STOCK	54,895	$10.3M	2.0%	—	—	COM	459200101
OXY	OCCIDENTAL PETROLEUM	107,195	$10.19M	2.0%	—	—	COM	674599105
LNC	LINCOLN NATIONAL CORP INDIANA	195,000	$10.07M	2.0%	—	—	COM	534187109
JPM	JPMORGAN CHASE & COMPANY	171,175	$10.01M	2.0%	—	—	COM	46625H100
AIZ	ASSURANT INC	149,550	$9.926M	1.9%	—	—	COM	04621X108
MET	METLIFE INC	161,075	$8.685M	1.7%	—	—	COM	59156R108
MRK	MERCK & CO. INC.	159,824	$7.999M	1.6%	—	—	COM	58933Y105
—	RENTECH NITROGEN PARTNERS LP	406,148	$7.148M	1.4%	—	—	COM	760113100
DAL	DELTA AIR LINES INC	255,890	$7.029M	1.4%	—	—	COM NEW	247361702
—	HEWLETT-PACKARED CO COMMON STOCK	245,505	$6.869M	1.3%	—	—	COM	428236103
—	PIONEER NATURAL RESOURCES CO	36,000	$6.627M	1.3%	—	—	COM	723787107
—	COMCAST CORP CL A SPL	132,000	$6.584M	1.3%	—	—	CL A	20030N200
—	ENBRIDGE ENERGY PARTNERS LP	220,000	$6.571M	1.3%	—	—	COM	29250R106
C	CITIGROUP INC	117,291	$6.112M	1.2%	—	—	COM	172967424
—	APACHE CORP	65,000	$5.586M	1.1%	—	—	COM	037411105
NWSA	NEWS CORP - CLASS A	306,255	$5.519M	1.1%	—	—	CL A	65249B109
DE	DEERE & CO	60,000	$5.48M	1.1%	—	—	COM	244199105
BA	BOEING COMPANY	40,000	$5.46M	1.1%	—	—	COM	097023105
JNJ	JOHNSON & JOHNSON COMMON STOCK	56,750	$5.198M	1.0%	—	—	COM	478160104
PHM	PULTE CORP	245,000	$4.991M	1.0%	—	—	COM	745867101
—	AETNA INC	70,000	$4.801M	0.9%	—	—	COM	00817Y108
—	WPX ENERGY INC-W/I	218,063	$4.444M	0.9%	—	—	COM	98212B103
BP	BP PLC-SPONS ADR	86,282	$4.194M	0.8%	—	—	SPONSORED ADR	055622104
—	SUPERIOR ENERGY SERVICES INC	150,300	$3.999M	0.8%	—	—	COM	868157108
—	CVR PARTNERS LP	242,100	$3.985M	0.8%	—	—	COM	126633106
—	STAPLES INC	246,598	$3.918M	0.8%	—	—	COM	855030102
AVT	AVNET INC	88,575	$3.907M	0.8%	—	—	COM	053807103
—	PETROLOGISTICS LP	325,000	$3.786M	0.7%	—	—	UNIT LTD PTH INT	71672U101
PCG	PG&E CORPORATION	93,944	$3.784M	0.7%	—	—	COM	69331C108
—	LEGG MASON INC	85,825	$3.732M	0.7%	—	—	COM	524901105
ETN	EATON CORP PLC	48,370	$3.682M	0.7%	—	—	SHS	G29183103
DVN	DEVON ENERGY CORP	59,500	$3.681M	0.7%	—	—	COM	25179M103
AAL	AMERICAN AIRLINES GROUP INC	140,000	$3.535M	0.7%	—	—	COM	02376R102
—	ENSCO INTERNATIONAL PLC	60,000	$3.431M	0.7%	—	—	SHS CL A	G3157S106
AIG	AMERICAN INTERNATIONAL GROUP	64,700	$3.303M	0.6%	—	—	COM NEW	026874784
—	BARRICK GOLD CORP	177,159	$3.123M	0.6%	—	—	COM	067901108
—	BAKER HUGHES INC	56,425	$3.118M	0.6%	—	—	COM	057224107
—	ROYAL DUTCH SHELL PLC-ADR	43,458	$3.097M	0.6%	—	—	SPONSORED ADR	780259206
—	HEALTH MGMT ASSOCIATES INC-A	221,905	$2.907M	0.6%	—	—	CL A	421933102
—	CRAY INC	100,908	$2.771M	0.5%	—	—	COM NEW	225223304
—	CIGNA CORP	30,850	$2.699M	0.5%	—	—	COM	125509109
GS	GOLDMAN SACHS GROUP INC	15,075	$2.672M	0.5%	—	—	COM	38141G104
—	ING US INC	74,875	$2.632M	0.5%	—	—	COM	45685E106
—	MASONITE INTERNATIONAL CORP	43,625	$2.618M	0.5%	—	—	COM	575385109
OC	OWENS CORNING	63,550	$2.588M	0.5%	—	—	COM	690742101
—	URS CORP	48,475	$2.569M	0.5%	—	—	COM	903236107
—	COVANTA HOLDING CORP	2,180,000	$2.555M	0.5%	—	—	NOTE 3.250% 6/0	22282EAC6
—	DENBURY RESOURCES INC	155,000	$2.547M	0.5%	—	—	COM	247916208
PNC	PNC FINANCIAL SERVICES GROUP	32,644	$2.533M	0.5%	—	—	COM	693475105
—	ROWAN COS INC (FORMERLY ROWAN DRILLING)	70,000	$2.475M	0.5%	—	—	SHS CL A	G7665A101
PH	PARKER HANNIFIN CORP	19,125	$2.46M	0.5%	—	—	COM	701094104
UPBD	RENT-A-CENTER INC	73,650	$2.455M	0.5%	—	—	COM	76009N100
—	GOOGLE INC-CL A	2,175	$2.438M	0.5%	—	—	CL A	38259P508
OMC	OMNICOM GROUP	32,725	$2.434M	0.5%	—	—	COM	681919106
—	WALTER INDUSTRIES INC	144,600	$2.405M	0.5%	—	—	COM	93317Q105
AR	ANTERO RESOURCES CORP	37,200	$2.36M	0.5%	—	—	COM	03674X106
CNO	CNO FINANCIAL GROUP	132,500	$2.344M	0.5%	—	—	COM	12621E103
BK	BANK OF NEW YORK_MELLON COMMON STK	67,012	$2.341M	0.5%	—	—	COM	064058100
MS	MORGAN STANLEY	72,550	$2.275M	0.4%	—	—	COM	617446448
BAC	BANK OF AMERICA CORP	146,050	$2.274M	0.4%	—	—	COM	060505104
—	BLUEKNIGHT ENERGY PARTNERS LP	261,363	$2.224M	0.4%	—	—	COM UNIT	09625U109
GM	GENREAL MOTORS CO	53,825	$2.2M	0.4%	—	—	COM	37045V100
VRTS	VIRTUS INVESTMENT PARTNERS	10,795	$2.16M	0.4%	—	—	COM	92828Q109
STT	STATE STREET CORP	29,375	$2.156M	0.4%	—	—	COM	857477103
—	PARTNERRE LTD	20,350	$2.146M	0.4%	—	—	COM	G6852T105
IVZ	INVESCO LTD	57,300	$2.086M	0.4%	—	—	SHS	G491BT108
NWS	NEWS CORP - CLASS B	115,750	$2.064M	0.4%	—	—	CL B	65249B208
—	ATMEL CORP	262,307	$2.054M	0.4%	—	—	COM	049513104
—	TRW AUTOMOTIVE HOLDINGS CORP	26,825	$1.996M	0.4%	—	—	COM	87264S106
BDX	BECTON DICKINSON & CO	17,625	$1.947M	0.4%	—	—	COM	075887109
UAL	UAL CORP	50,000	$1.892M	0.4%	—	—	COM	910047109
—	ASPEN INSURANCE HOLDINGS LTD	45,800	$1.892M	0.4%	—	—	SHS	G05384105
—	QEP MIDSTREAM PARTNERS LP	80,000	$1.858M	0.4%	—	—	COM UNIT RP LTD	74735R115
RGA	REINSURANCE GROUP OF AMERICA	24,000	$1.858M	0.4%	—	—	COM NEW	759351604
DAN	DANA HOLDING CORP	93,824	$1.841M	0.4%	—	—	COM	235825205
—	ARGO GROUP INTERNATIONAL	39,300	$1.827M	0.4%	—	—	COM	G0464B107
—	TE CONNECTIVITY LTD.	33,125	$1.826M	0.4%	—	—	REG SHS	H84989104
—	HOSPITALITY PROPERTIES TRUST	67,350	$1.82M	0.4%	—	—	COM SHS	44106M102
TTEK	TETRA TECH INC	64,725	$1.811M	0.4%	—	—	COM	88162G103
XOM	EXXON MOBIL CORP	17,850	$1.806M	0.4%	—	—	COM	30231G102
TEVA	TEVA PHARMACEUTICAL-SP ADR	44,455	$1.782M	0.3%	—	—	COM	881624209
TPC	TUTOR PERINI CORP	66,250	$1.742M	0.3%	—	—	COM	901109108
MUSA	MURPHY USA INC	41,875	$1.74M	0.3%	—	—	COM	626755102
—	GENERAL MOTORS-CW16	54,576	$1.699M	0.3%	—	—	WARRANT	37045V118
—	BBCN BANCORP INC	102,050	$1.693M	0.3%	—	—	COM	073295107
—	LABORATORY CRP OF AMER HLDGS	18,250	$1.668M	0.3%	—	—	COM NEW	50540R409
—	INGRAM MICRO INC-CL A	70,125	$1.645M	0.3%	—	—	CL A	457153104
—	TCF FINANCIAL CORP	99,075	$1.61M	0.3%	—	—	COM	872275102
—	WELLCARE GROUP INC	22,710	$1.599M	0.3%	—	—	COM	94946T106
—	VCA ANTECH INC	50,475	$1.583M	0.3%	—	—	COM	918194101
CSCO	CISCO SYSTEMS INC	70,000	$1.57M	0.3%	—	—	COM	17275R102
—	BANCORPSOUTH INC	61,005	$1.551M	0.3%	—	—	COM	059692103
—	AMERICAN EQUITY INVT LIFE HL	58,050	$1.531M	0.3%	—	—	COM	025676206
—	EMC CORPORATION COMMON STOCK	60,000	$1.509M	0.3%	—	—	COM	268648102
DIOD	DIODES INC	61,450	$1.448M	0.3%	—	—	COM	254543101
—	NATL PENN BCSHS INC	126,475	$1.433M	0.3%	—	—	COM	637138108
—	ACTUANT CORP-CL A	38,725	$1.419M	0.3%	—	—	CL A	00508X203
—	GRANITE REAL ESTATE INVESTMENT TRST	38,900	$1.419M	0.3%	—	—	UNIT	387437114
AAPL	APPLE COMPUTER INC	2,475	$1.389M	0.3%	—	—	COM	037833100
—	OCI PARTNERS LP	50,000	$1.38M	0.3%	—	—	COM UNIT REP LP	67091N108
—	ENGILITY HOLDINGS INC - W/I	40,680	$1.359M	0.3%	—	—	COM	29285W104
—	PHOTOMEDEX INC	104,770	$1.357M	0.3%	—	—	COM	719358301
WBS	WEBSTER FINANCIAL CORP	43,400	$1.353M	0.3%	—	—	COM	947890109
MWA	MUELLER WATER PRODUCTS INC-A	144,125	$1.35M	0.3%	—	—	COM	624758108
NSIT	INSIGHT ENTERPRISES INC	58,968	$1.339M	0.3%	—	—	COM	45765U103
—	THE JONES GROUP INC	88,334	$1.321M	0.3%	—	—	COM	48020T101
CHE	CHEMED CORP	16,900	$1.295M	0.3%	—	—	COM	16359R103
—	SCHNITZER STEEL INDS INC-A	38,650	$1.263M	0.2%	—	—	CL A	806882106
—	CON-WAY INC	31,650	$1.257M	0.2%	—	—	COM	205944101
—	GLOBAL CASH ACCESS INC	125,816	$1.257M	0.2%	—	—	COM	378967103
DRH	DIAMONDROCK HOSPITALITY CO	105,771	$1.222M	0.2%	—	—	COM	252784301
PIPR	PIPER JAFFRAY COS	30,870	$1.221M	0.2%	—	—	COM	724078100
GFF	GRIFFON CORPORATION	89,919	$1.188M	0.2%	—	—	COM	398433102
—	MEDTRONIC INC	20,680	$1.187M	0.2%	—	—	COM	585055106
—	ALLERGAN INC	10,665	$1.185M	0.2%	—	—	COM	018490102
PRI	PRIMERICA INC	27,356	$1.174M	0.2%	—	—	COM	74164M108
MATW	MATTHEWS INTL CORP-CLASS A	27,400	$1.168M	0.2%	—	—	CL A	577128101
—	MONSTER WORLDWIDE INC	160,675	$1.146M	0.2%	—	—	COM	611742107
BRC	BRADY CORPORATION - CL A	36,350	$1.124M	0.2%	—	—	CL A	104674106
—	ANIXTER INTERNATIONAL INC	12,500	$1.123M	0.2%	—	—	COM	035290105
—	BARNES & NOBLE INC	75,041	$1.122M	0.2%	—	—	COM	067774109
ABT	ABBOTT LABORATORIES	27,725	$1.063M	0.2%	—	—	COM	002824100
—	PHH CORP	43,425	$1.057M	0.2%	—	—	COM	693320202
—	ICONIX BRAND GROUP INC	26,100	$1.036M	0.2%	—	—	COM	451055107
IOSP	Inorg Chem Nec	21,398	$989K	0.2%	—	—	COM	45768S105
NRG	NRG ENERGY INC	34,446	$989K	0.2%	—	—	COM NEW	629377508
—	ARC DOCUMENT SOLUTIONS INC	118,475	$974K	0.2%	—	—	COM	00191G103
CRS	CARPENTER TECHNOLOGY	15,500	$964K	0.2%	—	—	COM	144285103
—	HARTE-HANKS INC	122,850	$961K	0.2%	—	—	COM	416196103
—	ARRIS CORP	37,100	$903K	0.2%	—	—	COM	04270V106
CMCO	COLUMBUS MCKINNON CORP/NY	32,665	$887K	0.2%	—	—	COM	199333105
—	AEROPOSTALE INC	93,750	$852K	0.2%	—	—	COM	007865108
NG	NOVAGOLD RESOURCES INC	334,744	$850K	0.2%	—	—	COM NEW	66987E206
—	FIRST MIDWEST BANCORP INC/IL	46,700	$819K	0.2%	—	—	COM	320867104
—	TUPPERWARE CORP	8,600	$813K	0.2%	—	—	COM	899896104
—	SYNOVUS FINANCIAL CORP	224,900	$810K	0.2%	—	—	COM	87161C105
MLKN	HERMAN MILLER INC	27,075	$799K	0.2%	—	—	COM	600544100
LEN/B	LENNAR CORP - B SHS	22,780	$768K	0.2%	—	—	CL B	526057302
—	OCEAN RIG UDW INC	39,144	$754K	0.1%	—	—	SHS	Y64354205
NVRI	HARSCO CORP	26,600	$746K	0.1%	—	—	COM	415864107
—	ENDO HEALTH SOLUTIONS INC	11,000	$742K	0.1%	—	—	COM	29264F205
WSFS	WSFS FINANCIAL CORP	9,400	$729K	0.1%	—	—	COM	929328102
—	GOVERNMENT PROPERTIES INCOME	28,900	$718K	0.1%	—	—	COM SHS BEN INT	38376A103
—	VALERO ENERGY PARTNERS LP	20,000	$689K	0.1%	—	—	COM UNT REP LP	91914J102
KO	COCA COLA CO COMMON STOCK	16,600	$686K	0.1%	—	—	COM	191216100
KALU	KAISER ALUMINUM CORP	9,700	$681K	0.1%	—	—	COM	483007704
—	CASTLE (A.M.) & CO	44,900	$663K	0.1%	—	—	COM	148411101
EZPW	EZCORP INC-CL A	56,500	$660K	0.1%	—	—	CL A	302301106
UEC	URANIUM ENERGY CORP	329,700	$659K	0.1%	—	—	COM	916896103
FCNCA	FIRST CITIZENS BCSHS -CL A	2,945	$656K	0.1%	—	—	CL A	31946M103
—	PARK STERLING CORP	91,866	$656K	0.1%	—	—	COM	70086Y105
—	GREAT PLAINS ENERGY INC	26,700	$647K	0.1%	—	—	COM	391164100
—	CAPITAL PRODUCT PARTNERS LP	60,000	$628K	0.1%	—	—	COM UNIT	Y11082107
TMO	THERMO FISHER SCIENTIFIC INC COMMON STOCK	5,458	$608K	0.1%	—	—	COM	883556102
CDVIQ	CAL DIVE INTERNATIONAL INC	301,800	$607K	0.1%	—	—	COM	12802T101
WLY	WILEY (JOHN) & SONS-CLASS A	10,800	$596K	0.1%	—	—	CL A	968223206
ON	ON SEMICONDUCTOR CORPORATION	71,615	$590K	0.1%	—	—	COM	682189105
—	LEXMARK INTL GROUP INC-CL A	16,100	$572K	0.1%	—	—	CL A	529771107
—	HESS CORP	6,055	$503K	0.1%	—	—	COM	42809H107
—	XL GROUP PLC	15,200	$484K	0.1%	—	—	SHS	G98290102
—	GENTIVA HEALTH SERVICES	38,491	$478K	0.1%	—	—	COM	37247A102
THC	TENET HEALTHCARE CORP	11,125	$469K	0.1%	—	—	COM NEW	88033G407
AGX	ARGAN INC	14,851	$409K	0.1%	—	—	COM	04010E109
TITN	TITAN MACHINERY INC	21,200	$378K	0.1%	—	—	COM	88830R101
—	KAPSTONE PAPER AND PACKAGING	6,700	$374K	0.1%	—	—	COM	48562P103
UFPT	UFP TECHNOLOGIES INC	14,443	$364K	0.1%	—	—	COM	902673102
NNI	NELNET INC-CL A	8,600	$362K	0.1%	—	—	CL A	64031N108
—	VALASSIS COMMUNICATIONS INC	10,166	$348K	0.1%	—	—	COM	918866104
CALY	CALLAWAY GOLF COMPANY	38,600	$325K	0.1%	—	—	COM	131193104
POR	PORTLAND GENERAL ELECTRIC	10,500	$317K	0.1%	—	—	COM	736508847
MLR	MILLER INDUSTRIES INC/TENN	16,262	$303K	0.1%	—	—	COM	600551204
—	PROTECTIVE LIFE CORP	5,929	$300K	0.1%	—	—	COM	743674103
—	UNITED STATIONERS INC	6,350	$291K	0.1%	—	—	COM	913004107
SAIC	SCIENCE APPLICATIONS INTE	8,700	$288K	0.1%	—	—	COM	808625107
—	CASH AMERICA INTL INC	7,300	$280K	0.1%	—	—	COM	14754D100
—	INTERVAL LEISURE GROUP	8,568	$265K	0.1%	—	—	COM	46113M108
—	WET SEAL INC/THE CLASS A	70,400	$192K	0.0%	—	—	CL A	961840105
SRI	STONERIDGE INC	10,150	$129K	0.0%	—	—	COM	86183P102
—	HEALTH INSURANCE INNOVATIO-A	11,000	$111K	0.0%	—	—	COM CL A	42225K106