Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$32.01M	5.8%	—	—	SHS	78463V107
MSFT	MICROSOFT CORP	374,376	$15.61M	2.8%	—	—	COM	594918104
—	ANADARKO PETROLEUM CORP	136,621	$14.96M	2.7%	—	—	COM	032511107
MC	MOELIS & CO	436,675	$14.68M	2.7%	—	—	CL A	60786M105
PFE	PFIZER INC COMMON STOCK	450,721	$13.38M	2.4%	—	—	COM	717081103
ORCL	ORACLE CORP	319,725	$12.96M	2.3%	—	—	COM	68389X105
OXY	OCCIDENTAL PETROLEUM	113,345	$11.63M	2.1%	—	—	COM	674599105
LNC	LINCOLN NATIONAL CORP INDIANA	195,000	$10.03M	1.8%	—	—	COM	534187109
JPM	JPMORGAN CHASE & COMPANY	171,175	$9.863M	1.8%	—	—	COM	46625H100
TRV	TRAVELERS COS INC/THE	100,000	$9.407M	1.7%	—	—	COM	89417E109
MET	METLIFE INC	161,075	$8.949M	1.6%	—	—	COM	59156R108
—	APACHE CORP	85,000	$8.553M	1.6%	—	—	COM	037411105
DAL	DELTA AIR LINES INC	212,340	$8.222M	1.5%	—	—	COM NEW	247361702
—	ENBRIDGE ENERGY PARTNERS LP	220,000	$8.125M	1.5%	—	—	COM	29250R106
AIZ	ASSURANT INC	121,150	$7.941M	1.4%	—	—	COM	04621X108
C	CITIGROUP INC	161,386	$7.601M	1.4%	—	—	COM	172967424
—	RENTECH NITROGEN PARTNERS LP	406,148	$6.896M	1.2%	—	—	COM	760113100
—	PIONEER NATURAL RESOURCES CO	29,000	$6.664M	1.2%	—	—	COM	723787107
—	HEWLETT-PACKARED CO COMMON STOCK	193,480	$6.516M	1.2%	—	—	COM	428236103
DE	DEERE & CO	70,500	$6.384M	1.2%	—	—	COM	244199105
—	COVANTA HOLDING CORP	303,339	$6.252M	1.1%	—	—	COM	22282E102
AAL	AMERICAN AIRLINES GROUP INC	140,000	$6.014M	1.1%	—	—	COM	02376R102
—	AETNA INC	70,000	$5.676M	1.0%	—	—	COM	00817Y108
GM	GENREAL MOTORS CO	155,940	$5.661M	1.0%	—	—	COM	37045V100
JNJ	JOHNSON & JOHNSON COMMON STOCK	51,315	$5.369M	1.0%	—	—	COM	478160104
—	COMCAST CORP CL A SPL	100,000	$5.333M	1.0%	—	—	CL A	20030N200
—	CVR PARTNERS LP	275,000	$5.14M	0.9%	—	—	COM	126633106
PHM	PULTE CORP	245,000	$4.939M	0.9%	—	—	COM	745867101
DVN	DEVON ENERGY CORP	59,500	$4.724M	0.9%	—	—	COM	25179M103
IBM	INTERNATIONAL BUSINESS MACHINE COMMON STOCK	25,000	$4.532M	0.8%	—	—	COM	459200101
ON	ON SEMICONDUCTOR CORPORATION	490,825	$4.486M	0.8%	—	—	COM	682189105
—	PETROLOGISTICS LP	310,000	$4.452M	0.8%	—	—	UNIT LTD PTH INT	71672U101
BP	BP PLC-SPONS ADR	82,907	$4.373M	0.8%	—	—	SPONSORED ADR	055622104
—	BARRICK GOLD CORP	238,794	$4.37M	0.8%	—	—	COM	067901108
—	WPX ENERGY INC-W/I	166,126	$3.972M	0.7%	—	—	COM	98212B103
NWSA	NEWS CORP - CLASS A	218,815	$3.926M	0.7%	—	—	CL A	65249B109
FDX	FEDEX CORPORATION	25,000	$3.785M	0.7%	—	—	COM	31428X106
AVT	AVNET INC	85,350	$3.782M	0.7%	—	—	COM	053807103
—	SANDISK CORP	36,000	$3.759M	0.7%	—	—	COM	80004C101
ETN	EATON CORP PLC	48,370	$3.733M	0.7%	—	—	SHS	G29183103
—	SUPERIOR ENERGY SERVICES INC	102,400	$3.701M	0.7%	—	—	COM	868157108
—	ROYAL DUTCH SHELL PLC-ADR	44,532	$3.668M	0.7%	—	—	SPONSORED ADR	780259206
—	FOREST CITY ENTERPRISES-CL A	175,625	$3.49M	0.6%	—	—	CL A	345550107
AIG	AMERICAN INTERNATIONAL GROUP	61,900	$3.379M	0.6%	—	—	COM NEW	026874784
—	GENTIVA HEALTH SERVICES	221,483	$3.336M	0.6%	—	—	COM	37247A102
UAL	UAL CORP	80,000	$3.286M	0.6%	—	—	COM	910047109
—	CIGNA CORP	34,450	$3.168M	0.6%	—	—	COM	125509109
—	QEP MIDSTREAM PARTNERS LP	120,616	$3.106M	0.6%	—	—	COM UNIT RP LTD	74735R115
—	ENSCO INTERNATIONAL PLC	55,000	$3.056M	0.6%	—	—	SHS CL A	G3157S106
—	STAPLES INC	264,428	$2.866M	0.5%	—	—	COM	855030102
—	DENBURY RESOURCES INC	155,000	$2.861M	0.5%	—	—	COM	247916208
—	INTERPUBLIC GROUP COS	146,275	$2.854M	0.5%	—	—	COM	460690100
—	LEGG MASON INC	54,775	$2.811M	0.5%	—	—	COM	524901105
—	TRW AUTOMOTIVE HOLDINGS CORP	31,250	$2.798M	0.5%	—	—	COM	87264S106
DHI	DR HORTON INC	113,000	$2.778M	0.5%	—	—	COM	23331A109
—	STANDARD PACIFIC CORP	315,000	$2.709M	0.5%	—	—	COM	85375C101
MS	MORGAN STANLEY	83,575	$2.702M	0.5%	—	—	COM	617446448
ABT	ABBOTT LABORATORIES	65,825	$2.692M	0.5%	—	—	COM	002824100
—	LAMAR ADVERTISING CO	50,725	$2.688M	0.5%	—	—	CL A	512815101
PNC	PNC FINANCIAL SERVICES GROUP	30,069	$2.678M	0.5%	—	—	COM	693475105
STT	STATE STREET CORP	39,725	$2.672M	0.5%	—	—	COM	857477103
VOYA	VOYA FINANCIAL INC	73,475	$2.67M	0.5%	—	—	COM	929089100
XOM	EXXON MOBIL CORP	26,475	$2.666M	0.5%	—	—	COM	30231G102
BAC	BANK OF AMERICA CORP	168,675	$2.593M	0.5%	—	—	COM	060505104
UPBD	RENT-A-CENTER INC	90,100	$2.584M	0.5%	—	—	COM	76009N100
—	NEWCASTLE INVESTMENT CORP	532,020	$2.548M	0.5%	—	—	COM	65105M108
GS	GOLDMAN SACHS GROUP INC	15,075	$2.524M	0.5%	—	—	COM	38141G104
—	MASONITE INTERNATIONAL CORP	43,625	$2.454M	0.4%	—	—	COM	575385109
—	SIRIUS XM HOLDINGS INC	682,730	$2.362M	0.4%	—	—	COM	82968B103
CNO	CNO FINANCIAL GROUP	132,500	$2.359M	0.4%	—	—	COM	12621E103
—	DRESSER-RAND GROUP INC	36,790	$2.345M	0.4%	—	—	COM	261608103
—	MEDTRONIC INC	36,645	$2.336M	0.4%	—	—	COM	585055106
PPL	PPL CORPORATION	64,520	$2.292M	0.4%	—	—	COM	69351T106
VRTS	VIRTUS INVESTMENT PARTNERS	10,795	$2.286M	0.4%	—	—	COM	92828Q109
KO	COCA COLA CO COMMON STOCK	53,590	$2.27M	0.4%	—	—	COM	191216100
—	URS CORP	48,475	$2.223M	0.4%	—	—	COM	903236107
—	PARTNERRE LTD	20,350	$2.222M	0.4%	—	—	COM	G6852T105
—	BAKER HUGHES INC	29,300	$2.181M	0.4%	—	—	COM	057224107
PCG	PG&E CORPORATION	45,330	$2.177M	0.4%	—	—	COM	69331C108
—	HERTZ GLOBAL HOLDINGS INC	76,809	$2.153M	0.4%	—	—	COM	42805T105
BDX	BECTON DICKINSON & CO	18,000	$2.129M	0.4%	—	—	COM	075887109
—	OCI PARTNERS LP	100,000	$2.125M	0.4%	—	—	COM UNIT REP LP	67091N108
INTC	INTEL CORP	68,725	$2.124M	0.4%	—	—	COM	458140100
TEX	TEREX CORP	50,950	$2.094M	0.4%	—	—	COM	880779103
—	ROWAN COS INC (FORMERLY ROWAN DRILLING)	65,000	$2.075M	0.4%	—	—	SHS CL A	G7665A101
—	JIVE SOFTWARE INC	242,440	$2.063M	0.4%	—	—	COM	47760A108
—	HOSPITALITY PROPERTIES TRUST	67,350	$2.047M	0.4%	—	—	COM SHS	44106M102
NWS	NEWS CORP - CLASS B	115,750	$2.02M	0.4%	—	—	CL B	65249B208
AR	ANTERO RESOURCES CORP	30,000	$1.969M	0.4%	—	—	COM	03674X106
RGA	REINSURANCE GROUP OF AMERICA	24,000	$1.894M	0.3%	—	—	COM NEW	759351604
TEVA	TEVA PHARMACEUTICAL-SP ADR	36,090	$1.892M	0.3%	—	—	COM	881624209
PIPR	PIPER JAFFRAY COS	36,420	$1.885M	0.3%	—	—	COM	724078100
PH	PARKER HANNIFIN CORP	14,950	$1.88M	0.3%	—	—	COM	701094104
KBH	KB HOME	100,000	$1.868M	0.3%	—	—	COM	48666K109
NSIT	INSIGHT ENTERPRISES INC	58,968	$1.813M	0.3%	—	—	COM	45765U103
—	UNITED STATIONERS INC	43,650	$1.81M	0.3%	—	—	COM	913004107
—	CON-WAY INC	35,850	$1.807M	0.3%	—	—	COM	205944101
—	OCEAN RIG UDW INC	95,044	$1.799M	0.3%	—	—	SHS	Y64354205
—	TECH DATA CORP	28,150	$1.76M	0.3%	—	—	COM	878237106
OC	OWENS CORNING	45,450	$1.758M	0.3%	—	—	COM	690742101
ASB	ASSOCIATED BANC-CORP	96,350	$1.742M	0.3%	—	—	COM	045487105
CSCO	CISCO SYSTEMS INC	70,000	$1.74M	0.3%	—	—	COM	17275R102
—	DOW CHEMICAL CORP COMMON STOCK	33,820	$1.74M	0.3%	—	—	COM	260543103
TTEK	TETRA TECH INC	63,025	$1.733M	0.3%	—	—	COM	88162G103
MUSA	MURPHY USA INC	35,125	$1.717M	0.3%	—	—	COM	626755102
—	CRAY INC	63,709	$1.695M	0.3%	—	—	COM NEW	225223304
—	ACTUANT CORP-CL A	46,775	$1.617M	0.3%	—	—	CL A	00508X203
—	EMC CORPORATION COMMON STOCK	60,000	$1.58M	0.3%	—	—	COM	268648102
—	PINNACLE FOODS INC	48,020	$1.58M	0.3%	—	—	COM	72348P104
BRC	BRADY CORPORATION - CL A	52,150	$1.558M	0.3%	—	—	CL A	104674106
BK	BANK OF NEW YORK_MELLON COMMON STK	40,217	$1.507M	0.3%	—	—	COM	064058100
DAN	DANA HOLDING CORP	61,349	$1.498M	0.3%	—	—	COM	235825205
—	FIRST MIDWEST BANCORP INC/IL	87,375	$1.488M	0.3%	—	—	COM	320867104
DIOD	DIODES INC	50,550	$1.464M	0.3%	—	—	COM	254543101
—	GENERAL MOTORS-CW16	54,576	$1.452M	0.3%	—	—	WARRANT	37045V118
OMC	OMNICOM GROUP	20,300	$1.446M	0.3%	—	—	COM	681919106
—	NATL PENN BCSHS INC	132,900	$1.406M	0.3%	—	—	COM	637138108
—	GRANITE REAL ESTATE INVESTMENT TRST	37,300	$1.388M	0.3%	—	—	UNIT	387437114
—	BBCN BANCORP INC	86,450	$1.379M	0.2%	—	—	COM	073295107
—	SYNOVUS FINANCIAL CORP	56,446	$1.376M	0.2%	—	—	COM	87161C501
WBS	WEBSTER FINANCIAL CORP	43,400	$1.369M	0.2%	—	—	COM	947890109
—	WELLCARE GROUP INC	18,160	$1.356M	0.2%	—	—	COM	94946T106
DRH	DIAMONDROCK HOSPITALITY CO	105,771	$1.356M	0.2%	—	—	COM	252784301
—	TCF FINANCIAL CORP	81,500	$1.334M	0.2%	—	—	COM	872275102
CMCO	COLUMBUS MCKINNON CORP/NY	48,793	$1.32M	0.2%	—	—	COM	199333105
—	BLUEKNIGHT ENERGY PARTNERS LP	142,863	$1.319M	0.2%	—	—	COM UNIT	09625U109
PRI	PRIMERICA INC	27,356	$1.309M	0.2%	—	—	COM	74164M108
—	PHOTOMEDEX INC	104,770	$1.283M	0.2%	—	—	COM	719358301
NRG	NRG ENERGY INC	34,446	$1.281M	0.2%	—	—	COM NEW	629377508
—	ARGO GROUP INTERNATIONAL	24,225	$1.238M	0.2%	—	—	COM	G0464B107
—	AMERICAN EQUITY INVT LIFE HL	48,900	$1.203M	0.2%	—	—	COM	025676206
AAPL	APPLE COMPUTER INC	12,475	$1.159M	0.2%	—	—	COM	037833100
CHE	CHEMED CORP	12,325	$1.155M	0.2%	—	—	COM	16359R103
TPC	TUTOR PERINI CORP	36,325	$1.153M	0.2%	—	—	COM	901109108
—	ARRIS CORP	34,900	$1.135M	0.2%	—	—	COM	04270V106
GFF	GRIFFON CORPORATION	89,919	$1.115M	0.2%	—	—	COM	398433102
TECK	TECK COMINCO LTD-CL B	48,220	$1.101M	0.2%	—	—	CL B	878742204
MATW	MATTHEWS INTL CORP-CLASS A	26,350	$1.095M	0.2%	—	—	CL A	577128101
SRI	STONERIDGE INC	99,000	$1.061M	0.2%	—	—	COM	86183P102
—	MONSTER WORLDWIDE INC	160,675	$1.051M	0.2%	—	—	COM	611742107
CRS	CARPENTER TECHNOLOGY	16,300	$1.031M	0.2%	—	—	COM	144285103
—	RYLAND GROUP INC	26,000	$1.025M	0.2%	—	—	COM	783764103
MWA	MUELLER WATER PRODUCTS INC-A	118,125	$1.021M	0.2%	—	—	COM	624758108
KBR	KBR INC	42,400	$1.011M	0.2%	—	—	COM	48242W106
—	SCHNITZER STEEL INDS INC-A	38,650	$1.008M	0.2%	—	—	CL A	806882106
—	PHH CORP	43,425	$998K	0.2%	—	—	COM	693320202
IOSP	INORG CHEM NEC	21,698	$937K	0.2%	—	—	COM	45768S105
NG	NOVAGOLD RESOURCES INC	221,363	$932K	0.2%	—	—	COM NEW	66987E206
—	SYMETRA FINANCIAL CORP	39,900	$907K	0.2%	—	—	COM	87151Q106
—	ICONIX BRAND GROUP INC	20,300	$872K	0.2%	—	—	COM	451055107
UNM	UNUMPROVIDENT CORP.	25,000	$869K	0.2%	—	—	COM	91529Y106
—	ASPEN INSURANCE HOLDINGS LTD	18,625	$846K	0.2%	—	—	SHS	G05384105
MLKN	HERMAN MILLER INC	27,075	$819K	0.1%	—	—	COM	600544100
—	GOVERNMENT PROPERTIES INCOME	32,100	$815K	0.1%	—	—	COM SHS BEN INT	38376A103
LEN/B	LENNAR CORP - B SHS	22,680	$806K	0.1%	—	—	CL B	526057302
—	ARC DOCUMENT SOLUTIONS INC	134,100	$786K	0.1%	—	—	COM	00191G103
EZPW	EZCORP INC-CL A	66,000	$762K	0.1%	—	—	CL A	302301106
—	CLIFFS NATURAL RESOURCES INC	48,495	$730K	0.1%	—	—	COM	18683K101
KALU	KAISER ALUMINUM CORP	10,000	$729K	0.1%	—	—	COM	483007704
FCNCA	FIRST CITIZENS BCSHS -CL A	2,945	$722K	0.1%	—	—	CL A	31946M103
NVRI	HARSCO CORP	27,000	$719K	0.1%	—	—	COM	415864107
—	TUPPERWARE CORP	8,400	$703K	0.1%	—	—	COM	899896104
—	WALTER INDUSTRIES INC	123,419	$673K	0.1%	—	—	COM	93317Q105
FHN	FIRST HORIZON NATIONAL CORP	56,300	$668K	0.1%	—	—	COM	320517105
TMO	THERMO FISHER SCIENTIFIC INC COMMON STOCK	5,458	$644K	0.1%	—	—	COM	883556102
—	ENDO INTERNATIONAL PLC	9,167	$642K	0.1%	—	—	SHS	G30401106
—	LEXMARK INTL GROUP INC-CL A	13,200	$636K	0.1%	—	—	CL A	529771107
—	GREAT PLAINS ENERGY INC	23,300	$626K	0.1%	—	—	COM	391164100
—	CASH AMERICA INTL INC	13,700	$609K	0.1%	—	—	COM	14754D100
—	PARK STERLING CORP	88,966	$586K	0.1%	—	—	COM	70086Y105
—	VCA INC	16,325	$573K	0.1%	—	—	COM	918194101
WSFS	WSFS FINANCIAL CORP	7,525	$554K	0.1%	—	—	COM	929328102
SAIC	SCIENCE APPLICATIONS INTE	12,400	$548K	0.1%	—	—	COM	808625107
—	GOOGLE INC-CL A	935	$547K	0.1%	—	—	CL A	38259P508
ROCK	GIBRALTAR INDUSTRIES INC	35,050	$544K	0.1%	—	—	COM	374689107
—	ENDURANCE SPECIALTY HOLDINGS	10,475	$540K	0.1%	—	—	SHS	G30397106
—	GOOGLE INC-CL C	935	$538K	0.1%	—	—	CL C	38259P706
—	GLOBAL CASH ACCESS INC	60,316	$537K	0.1%	—	—	COM	378967103
—	CASTLE (A.M.) & CO	44,200	$488K	0.1%	—	—	COM	148411101
TITN	TITAN MACHINERY INC	28,073	$462K	0.1%	—	—	COM	88830R101
MERC	MERCER INTERNATIONAL INC	43,300	$455K	0.1%	—	—	COM	588056101
—	KAPSTONE PAPER AND PACKAGING	13,400	$444K	0.1%	—	—	COM	48562P103
POR	PORTLAND GENERAL ELECTRIC	12,700	$440K	0.1%	—	—	COM	736508847
CDVIQ	CAL DIVE INTERNATIONAL INC	317,900	$420K	0.1%	—	—	COM	12802T101
—	HEALTH INSURANCE INNOVATIO-A	31,200	$384K	0.1%	—	—	COM CL A	42225K106
AGX	ARGAN INC	9,451	$352K	0.1%	—	—	COM	04010E109
NNI	NELNET INC-CL A	7,900	$327K	0.1%	—	—	CL A	64031N108
THC	TENET HEALTHCARE CORP	6,625	$311K	0.1%	—	—	COM NEW	88033G407
WLY	WILEY (JOHN) & SONS-CLASS A	4,948	$300K	0.1%	—	—	CL A	968223206
UFPT	UFP TECHNOLOGIES INC	12,143	$293K	0.1%	—	—	COM	902673102
CALY	CALLAWAY GOLF COMPANY	33,600	$280K	0.1%	—	—	COM	131193104
MLR	MILLER INDUSTRIES INC/TENN	13,373	$275K	0.0%	—	—	COM	600551204
KTOS	KRATOS DEFENSE & SECURITY	28,300	$221K	0.0%	—	—	COM NEW	50077B207
—	XL GROUP PLC	5,132	$168K	0.0%	—	—	SHS	G98290102
—	WET SEAL INC/THE CLASS A	70,400	$64,000	0.0%	—	—	CL A	961840105