Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$28.39M	6.6%	—	—	SHS	78463V107
ORCL	ORACLE CORP	234,225	$10.53M	2.5%	—	—	COM	68389X105
MSFT	MICROSOFT CORP	216,901	$10.07M	2.3%	—	—	COM	594918104
JPM	JPMORGAN CHASE & COMPANY	153,150	$9.584M	2.2%	—	—	COM	46625H100
—	ENBRIDGE ENERGY PARTNERS LP	220,000	$8.778M	2.0%	—	—	COM	29250R106
C	CITIGROUP INC	162,161	$8.775M	2.0%	—	—	COM	172967424
PFE	PFIZER INC COMMON STOCK	269,091	$8.382M	2.0%	—	—	COM	717081103
LNC	LINCOLN NATIONAL CORP INDIANA	140,000	$8.074M	1.9%	—	—	COM	534187109
MC	MOELIS & CO	218,337	$7.627M	1.8%	—	—	CL A	60786M105
MET	METLIFE INC	140,225	$7.585M	1.8%	—	—	COM	59156R108
DAL	DELTA AIR LINES INC	139,280	$6.851M	1.6%	—	—	COM NEW	247361702
—	SANDISK CORP	69,900	$6.849M	1.6%	—	—	COM	80004C101
TRV	TRAVELERS COS INC/THE	63,800	$6.753M	1.6%	—	—	COM	89417E109
—	COVANTA HOLDING CORP	292,469	$6.437M	1.5%	—	—	COM	22282E102
OXY	OCCIDENTAL PETROLEUM	79,586	$6.415M	1.5%	—	—	COM	674599105
—	ANADARKO PETROLEUM CORP	75,000	$6.188M	1.4%	—	—	COM	032511107
—	COMCAST CORP CL A SPL	100,000	$5.757M	1.3%	—	—	CL A	20030N200
—	AETNA INC	62,000	$5.507M	1.3%	—	—	COM	00817Y108
AIZ	ASSURANT INC	80,000	$5.474M	1.3%	—	—	COM	04621X108
—	HEWLETT-PACKARED CO COMMON STOCK	133,655	$5.364M	1.2%	—	—	COM	428236103
AAL	AMERICAN AIRLINES GROUP INC	100,000	$5.363M	1.2%	—	—	COM	02376R102
UAL	UAL CORP	80,000	$5.351M	1.2%	—	—	COM	910047109
ETN	EATON CORP PLC	75,396	$5.124M	1.2%	—	—	SHS	G29183103
—	APACHE CORP	79,500	$4.982M	1.2%	—	—	COM	037411105
ON	ON SEMICONDUCTOR CORPORATION	488,250	$4.946M	1.2%	—	—	COM	682189105
—	BARRICK GOLD CORP	432,679	$4.651M	1.1%	—	—	COM	067901108
—	FOREST CITY ENTERPRISES-CL A	206,132	$4.391M	1.0%	—	—	CL A	345550107
FDX	FEDEX CORPORATION	25,000	$4.342M	1.0%	—	—	COM	31428X106
—	PIONEER NATURAL RESOURCES CO	29,000	$4.317M	1.0%	—	—	COM	723787107
—	RENTECH NITROGEN PARTNERS LP	406,148	$4.269M	1.0%	—	—	COM	760113100
GS	GOLDMAN SACHS GROUP INC	21,625	$4.192M	1.0%	—	—	COM	38141G104
—	STAPLES INC	217,328	$3.938M	0.9%	—	—	COM	855030102
—	MARKWEST ENERGY PARTNERS LP	54,500	$3.662M	0.9%	—	—	UNIT LTD PARTN	570759100
PHM	PULTE CORP	170,000	$3.648M	0.8%	—	—	COM	745867101
DVN	DEVON ENERGY CORP	59,500	$3.642M	0.8%	—	—	COM	25179M103
—	NEW SENIOR INVESTMENT GR-W/I	217,412	$3.576M	0.8%	—	—	COM	648691103
GM	GENREAL MOTORS CO	102,115	$3.565M	0.8%	—	—	COM	37045V100
BP	BP PLC-SPONS ADR	92,082	$3.51M	0.8%	—	—	SPONSORED ADR	055622104
AVT	AVNET INC	81,075	$3.488M	0.8%	—	—	COM	053807103
SNY	SANOFI-ADR	75,000	$3.421M	0.8%	—	—	SPONSORED ADR	80105N105
—	ENERGY TRANSFER PARTNERS LP	49,600	$3.224M	0.8%	—	—	UNIT LTD PARTN	29273R109
BAC	BANK OF AMERICA CORP	178,100	$3.186M	0.7%	—	—	COM	060505104
—	CIGNA CORP	30,200	$3.108M	0.7%	—	—	COM	125509109
EPD	ENTERPRISE PRODUCTS PARTNERS	85,000	$3.07M	0.7%	—	—	COM	293792107
TEX	TEREX CORP	108,500	$3.025M	0.7%	—	—	COM	880779103
NWSA	NEWS CORP - CLASS A	190,045	$2.982M	0.7%	—	—	CL A	65249B109
DHI	DR HORTON INC	113,000	$2.858M	0.7%	—	—	COM	23331A109
AIG	AMERICAN INTERNATIONAL GROUP	48,600	$2.722M	0.6%	—	—	COM NEW	026874784
PAA	PLAIMS ALL AMER PIPELINE LP	52,800	$2.71M	0.6%	—	—	UNIT LTD PARTN	726503105
LAMR	LAMAR ADVERTISING CO	49,725	$2.667M	0.6%	—	—	CL A	512816109
—	CVR PARTNERS LP	263,900	$2.57M	0.6%	—	—	COM	126633106
RGA	REINSURANCE GROUP OF AMERICA	29,200	$2.559M	0.6%	—	—	COM NEW	759351604
—	ROYAL DUTCH SHELL PLC-ADR	37,257	$2.494M	0.6%	—	—	SPONSORED ADR	780259206
XOM	EXXON MOBIL CORP	26,475	$2.448M	0.6%	—	—	COM	30231G102
MS	MORGAN STANLEY	62,300	$2.417M	0.6%	—	—	COM	617446448
—	SUPERIOR ENERGY SERVICES INC	119,025	$2.398M	0.6%	—	—	COM	868157108
PNC	PNC FINANCIAL SERVICES GROUP	25,369	$2.314M	0.5%	—	—	COM	693475105
—	QEP MIDSTREAM PARTNERS LP	136,800	$2.297M	0.5%	—	—	COM UNIT RP LTD	74735R115
—	MASONITE INTERNATIONAL CORP	37,125	$2.282M	0.5%	—	—	COM	575385109
STT	STATE STREET CORP	28,925	$2.271M	0.5%	—	—	COM	857477103
ABT	ABBOTT LABORATORIES	50,375	$2.268M	0.5%	—	—	COM	002824100
AXS	AXIS CAPITAL HOLDINGS LTD	44,253	$2.261M	0.5%	—	—	SHS	G0692U109
GLNG	GOLAR LNG LTD	57,318	$2.09M	0.5%	—	—	SHS	G9456A100
VOYA	VOYA FINANCIAL INC	46,775	$1.982M	0.5%	—	—	COM	929089100
CSCO	CISCO SYSTEMS INC	70,000	$1.947M	0.5%	—	—	COM	17275R102
UBS	UBS GROUP AG	111,275	$1.897M	0.4%	—	—	SHS	H42097107
—	TRW AUTOMOTIVE HOLDINGS CORP	18,050	$1.856M	0.4%	—	—	COM	87264S106
—	INTERPUBLIC GROUP COS	88,200	$1.832M	0.4%	—	—	COM	460690100
INTC	INTEL CORP	49,075	$1.781M	0.4%	—	—	COM	458140100
BAX	BAXTER INTL	24,000	$1.759M	0.4%	—	—	COM	071813109
PH	PARKER HANNIFIN CORP	13,525	$1.744M	0.4%	—	—	COM	701094104
—	HERTZ GLOBAL HOLDINGS INC	69,285	$1.728M	0.4%	—	—	COM	42805T105
CNO	CNO FINANCIAL GROUP	98,723	$1.7M	0.4%	—	—	COM	12621E103
ACM	AECOM TECHNOLOGY CORP	53,852	$1.635M	0.4%	—	—	COM	00766T100
—	PINNACLE FOODS INC	46,290	$1.634M	0.4%	—	—	COM	72348P104
OC	OWENS CORNING	45,450	$1.628M	0.4%	—	—	COM	690742101
—	OCI PARTNERS LP	100,000	$1.6M	0.4%	—	—	COM UNIT REP LP	67091N108
—	GENERAL CABLE CORP	107,100	$1.596M	0.4%	—	—	COM	369300108
KO	COCA COLA CO COMMON STOCK	37,350	$1.577M	0.4%	—	—	COM	191216100
OMC	OMNICOM GROUP	20,300	$1.573M	0.4%	—	—	COM	681919106
NWS	NEWS CORP - CLASS B	103,975	$1.568M	0.4%	—	—	CL B	65249B208
—	CRAY INC	44,484	$1.534M	0.4%	—	—	COM NEW	225223304
—	TECH DATA CORP	23,825	$1.506M	0.4%	—	—	COM	878237106
—	UNITED STATIONERS INC	34,675	$1.462M	0.3%	—	—	COM	913004107
F	FORD MOTOR COMPANY	93,075	$1.443M	0.3%	—	—	COM	345370860
TTEK	TETRA TECH INC	53,275	$1.422M	0.3%	—	—	COM	88162G103
ASB	ASSOCIATED BANC-CORP	76,325	$1.422M	0.3%	—	—	COM	045487105
SRI	STONERIDGE INC	107,275	$1.38M	0.3%	—	—	COM	86183P102
UPBD	RENT-A-CENTER INC	37,800	$1.373M	0.3%	—	—	COM	76009N100
—	GENERAL MOTORS-CW16	54,576	$1.369M	0.3%	—	—	WARRANT	37045V118
BRC	BRADY CORPORATION - CL A	49,725	$1.359M	0.3%	—	—	CL A	104674106
LEN	LENNAR CORP	30,000	$1.344M	0.3%	—	—	CL A	526057104
TECK	TECK COMINCO LTD-CL B	97,435	$1.329M	0.3%	—	—	CL B	878742204
DIOD	DIODES INC	47,900	$1.321M	0.3%	—	—	COM	254543101
NSIT	INSIGHT ENTERPRISES INC	50,393	$1.305M	0.3%	—	—	COM	45765U103
—	TRIBUNE MEDIA CO - A	21,755	$1.3M	0.3%	—	—	CL A	896047503
—	WELLCARE GROUP INC	15,810	$1.297M	0.3%	—	—	COM	94946T106
ROCK	GIBRALTAR INDUSTRIES INC	79,702	$1.296M	0.3%	—	—	COM	374689107
—	PARTNERRE LTD	11,350	$1.295M	0.3%	—	—	COM	G6852T105
—	ACTUANT CORP-CL A	47,175	$1.285M	0.3%	—	—	CL A	00508X203
BEN	FRANKLIN RESOURCES INC	23,050	$1.276M	0.3%	—	—	COM	354613101
IP	INTERNATIONAL PAPER CO.	23,770	$1.274M	0.3%	—	—	COM	460146103
—	SYNOVUS FINANCIAL CORP	46,671	$1.264M	0.3%	—	—	COM	87161C501
ACH	OWENS & MINOR INC	36,000	$1.264M	0.3%	—	—	COM	690732102
DAN	DANA HOLDING CORP	57,249	$1.245M	0.3%	—	—	COM	235825205
WBS	WEBSTER FINANCIAL CORP	38,225	$1.243M	0.3%	—	—	COM	947890109
—	NATL PENN BCSHS INC	117,750	$1.239M	0.3%	—	—	COM	637138108
—	BBCN BANCORP INC	85,675	$1.232M	0.3%	—	—	COM	073295107
—	TCF FINANCIAL CORP	77,000	$1.224M	0.3%	—	—	COM	872275102
—	FIRST MIDWEST BANCORP INC/IL	71,550	$1.224M	0.3%	—	—	COM	320867104
AR	ANTERO RESOURCES CORP	30,000	$1.217M	0.3%	—	—	COM	03674X106
CMCO	COLUMBUS MCKINNON CORP/NY	43,018	$1.206M	0.3%	—	—	COM	199333105
CRS	CARPENTER TECHNOLOGY	24,100	$1.187M	0.3%	—	—	COM	144285103
—	BAKER HUGHES INC	20,550	$1.152M	0.3%	—	—	COM	057224107
—	DOW CHEMICAL CORP COMMON STOCK	25,095	$1.144M	0.3%	—	—	COM	260543103
—	APOLLO GLOBAL MANAGEMENT - A	47,300	$1.115M	0.3%	—	—	CLA SHS	037612306
—	AMERICAN EQUITY INVT LIFE HL	35,900	$1.048M	0.2%	—	—	COM	025676206
—	PHH CORP	43,425	$1.04M	0.2%	—	—	COM	693320202
GFF	GRIFFON CORPORATION	77,244	$1.027M	0.2%	—	—	COM	398433102
MATW	MATTHEWS INTL CORP-CLASS A	20,750	$1.01M	0.2%	—	—	CL A	577128101
TRS	TRIMAS CORP	31,475	$985K	0.2%	—	—	COM NEW	896215209
IOSP	INORG CHEM NEC	23,028	$983K	0.2%	—	—	COM	45768S105
—	GRANITE REAL ESTATE INVESTMENT TRST	27,600	$981K	0.2%	—	—	UNIT	387437114
—	ENDURANCE SPECIALTY HOLDINGS	16,200	$969K	0.2%	—	—	SHS	G30397106
—	ARGO GROUP INTERNATIONAL	17,400	$965K	0.2%	—	—	COM	G0464B107
KBR	KBR INC	56,900	$964K	0.2%	—	—	COM	48242W106
NRG	NRG ENERGY INC	34,446	$928K	0.2%	—	—	COM NEW	629377508
—	OCEAN RIG UDW INC	99,744	$926K	0.2%	—	—	SHS	Y64354205
—	HOSPITALITY PROPERTIES TRUST	28,419	$881K	0.2%	—	—	COM SHS	44106M102
—	CON-WAY INC	17,775	$874K	0.2%	—	—	COM	205944101
—	GOVERNMENT PROPERTIES INCOME	37,100	$854K	0.2%	—	—	COM SHS BEN INT	38376A103
MWA	MUELLER WATER PRODUCTS INC-A	76,200	$780K	0.2%	—	—	COM	624758108
VRTS	VIRTUS INVESTMENT PARTNERS	4,510	$769K	0.2%	—	—	COM	92828Q109
—	ARRIS CORP	25,300	$764K	0.2%	—	—	COM	04270V106
—	SYMETRA FINANCIAL CORP	32,275	$744K	0.2%	—	—	COM	87151Q106
TEVA	TEVA PHARMACEUTICAL-SP ADR	12,710	$731K	0.2%	—	—	COM	881624209
MLKN	HERMAN MILLER INC	24,525	$722K	0.2%	—	—	COM	600544100
TPC	TUTOR PERINI CORP	29,900	$720K	0.2%	—	—	COM	901109108
—	ASPEN INSURANCE HOLDINGS LTD	16,375	$717K	0.2%	—	—	SHS	G05384105
—	SCHNITZER STEEL INDS INC-A	31,250	$705K	0.2%	—	—	CL A	806882106
—	CUBIC CORP	12,500	$658K	0.2%	—	—	COM	229669106
—	PARK STERLING CORP	88,966	$654K	0.2%	—	—	COM	70086Y105
NG	NOVAGOLD RESOURCES INC	221,363	$653K	0.2%	—	—	COM NEW	66987E206
—	TUPPERWARE CORP	10,000	$630K	0.1%	—	—	COM	899896104
—	BLUEKNIGHT ENERGY PARTNERS LP	90,058	$599K	0.1%	—	—	COM UNIT	09625U109
FHN	FIRST HORIZON NATIONAL CORP	42,800	$581K	0.1%	—	—	COM	320517105
FCNCA	FIRST CITIZENS BCSHS -CL A	2,245	$568K	0.1%	—	—	CL A	31946M103
LEN/B	LENNAR CORP - B SHS	15,434	$557K	0.1%	—	—	CL B	526057302
—	MONSTER WORLDWIDE INC	119,475	$552K	0.1%	—	—	COM	611742107
NAT	NORDIC AMERICAN TANKERS LTD	54,600	$550K	0.1%	—	—	COM	G65773106
KALU	KAISER ALUMINUM CORP	7,400	$529K	0.1%	—	—	COM	483007704
—	GREAT PLAINS ENERGY INC	18,300	$520K	0.1%	—	—	COM	391164100
PRI	PRIMERICA INC	9,431	$512K	0.1%	—	—	COM	74164M108
DRH	DIAMONDROCK HOSPITALITY CO	33,571	$499K	0.1%	—	—	COM	252784301
—	GOOGLE INC-CL A	935	$496K	0.1%	—	—	CL A	38259P508
—	GOOGLE INC-CL C	935	$492K	0.1%	—	—	CL C	38259P706
SAIC	SCIENCE APPLICATIONS INTE	9,900	$490K	0.1%	—	—	COM	808625107
WSFS	WSFS FINANCIAL CORP	6,300	$484K	0.1%	—	—	COM	929328102
EZPW	EZCORP INC-CL A	41,100	$483K	0.1%	—	—	CL A	302301106
—	JIVE SOFTWARE INC	79,500	$479K	0.1%	—	—	COM	47760A108
NVRI	HARSCO CORP	25,200	$476K	0.1%	—	—	COM	415864107
TITN	TITAN MACHINERY INC	32,923	$459K	0.1%	—	—	COM	88830R101
—	ENDO INTERNATIONAL PLC	5,667	$409K	0.1%	—	—	SHS	G30401106
—	LEXMARK INTL GROUP INC-CL A	9,800	$404K	0.1%	—	—	CL A	529771107
POR	PORTLAND GENERAL ELECTRIC	10,200	$386K	0.1%	—	—	COM	736508847
—	TEEKAY TANKERS LTD-CLASS A	69,000	$349K	0.1%	—	—	CL A	Y8565N102
UFPT	UFP TECHNOLOGIES INC	12,143	$299K	0.1%	—	—	COM	902673102
ENVA	ENOVA INTERNATIONAL INC-W/I	13,372	$298K	0.1%	—	—	COM	29357K103
—	ICONIX BRAND GROUP INC	8,800	$297K	0.1%	—	—	COM	451055107
—	CASH AMERICA INTL INC	12,800	$290K	0.1%	—	—	COM	14754D100
—	ARC DOCUMENT SOLUTIONS INC	28,050	$287K	0.1%	—	—	COM	00191G103
CALY	CALLAWAY GOLF COMPANY	36,500	$281K	0.1%	—	—	COM	131193104
AGX	ARGAN INC	8,051	$271K	0.1%	—	—	COM	04010E109
—	CASTLE (A.M.) & CO	31,600	$252K	0.1%	—	—	COM	148411101
THC	TENET HEALTHCARE CORP	4,925	$250K	0.1%	—	—	COM NEW	88033G407
NNI	NELNET INC-CL A	5,300	$246K	0.1%	—	—	CL A	64031N108
—	OM ASSET MANAGEMENT PLC	15,000	$244K	0.1%	—	—	SHS	G67506108
MLR	MILLER INDUSTRIES INC/TENN	11,673	$243K	0.1%	—	—	COM	600551204
—	KAPSTONE PAPER AND PACKAGING	7,900	$232K	0.1%	—	—	COM	48562P103
MERC	MERCER INTERNATIONAL INC	17,405	$214K	0.0%	—	—	COM	588056101
—	WILLIAM LYON HOMES-CL A	10,400	$211K	0.0%	—	—	CL A NEW	552074700
—	ENERGY XXI LTD	58,800	$192K	0.0%	—	—	SHS	G10082140
—	WALTER INDUSTRIES INC	123,419	$170K	0.0%	—	—	COM	93317Q105
KTOS	KRATOS DEFENSE & SECURITY	28,300	$142K	0.0%	—	—	COM NEW	50077B207
—	HEALTH INSURANCE INNOVATIO-A	11,559	$83,000	0.0%	—	—	COM CL A	42225K106