Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$28.41M	6.6%	—	—	SHS	78463V107
ORCL	ORACLE CORP	228,225	$9.848M	2.3%	—	—	COM	68389X105
JPM	JPMORGAN CHASE & COMPANY	153,150	$9.278M	2.2%	—	—	COM	46625H100
MSFT	MICROSOFT CORP	216,901	$8.818M	2.1%	—	—	COM	594918104
PFE	PFIZER INC COMMON STOCK	249,486	$8.68M	2.0%	—	—	COM	717081103
C	CITIGROUP INC	162,161	$8.355M	1.9%	—	—	COM	172967424
LNC	LINCOLN NATIONAL CORP INDIANA	140,000	$8.044M	1.9%	—	—	COM	534187109
—	ENBRIDGE ENERGY PARTNERS LP	215,000	$7.742M	1.8%	—	—	COM	29250R106
TRV	TRAVELERS COS INC/THE	63,800	$6.899M	1.6%	—	—	COM	89417E109
—	AETNA INC	62,000	$6.605M	1.5%	—	—	COM	00817Y108
MC	MOELIS & CO	218,337	$6.576M	1.5%	—	—	CL A	60786M105
—	COVANTA HOLDING CORP	292,469	$6.56M	1.5%	—	—	COM	22282E102
DAL	DELTA AIR LINES INC	139,280	$6.262M	1.5%	—	—	COM NEW	247361702
—	ANADARKO PETROLEUM CORP	75,000	$6.211M	1.4%	—	—	COM	032511107
OXY	OCCIDENTAL PETROLEUM	79,586	$5.81M	1.4%	—	—	COM	674599105
—	COMCAST CORP CL A SPL	100,000	$5.607M	1.3%	—	—	CL A	20030N200
UAL	UAL CORP	80,000	$5.38M	1.3%	—	—	COM	910047109
GS	GOLDMAN SACHS GROUP INC	28,325	$5.324M	1.2%	—	—	COM	38141G104
AAL	AMERICAN AIRLINES GROUP INC	100,000	$5.278M	1.2%	—	—	COM	02376R102
—	FOREST CITY ENTERPRISES-CL A	206,132	$5.26M	1.2%	—	—	CL A	345550107
ETN	EATON CORP PLC	75,396	$5.122M	1.2%	—	—	SHS	G29183103
AIZ	ASSURANT INC	80,000	$4.913M	1.1%	—	—	COM	04621X108
LYB	LYONDELLBASELL INDU-CL A	55,000	$4.829M	1.1%	—	—	SHS	N53745100
—	APACHE CORP	79,500	$4.796M	1.1%	—	—	COM	037411105
—	PIONEER NATURAL RESOURCES CO	29,000	$4.742M	1.1%	—	—	COM	723787107
—	BARRICK GOLD CORP	432,679	$4.742M	1.1%	—	—	COM	067901108
—	RENTECH NITROGEN PARTNERS LP	312,350	$4.704M	1.1%	—	—	COM	760113100
—	SANDISK CORP	69,900	$4.447M	1.0%	—	—	COM	80004C101
—	MARKWEST ENERGY PARTNERS LP	64,500	$4.263M	1.0%	—	—	UNIT LTD PARTN	570759100
—	HEWLETT-PACKARED CO COMMON STOCK	133,655	$4.165M	1.0%	—	—	COM	428236103
FDX	FEDEX CORPORATION	25,000	$4.136M	1.0%	—	—	COM	31428X106
MET	METLIFE INC	80,225	$4.055M	0.9%	—	—	COM	59156R108
ON	ON SEMICONDUCTOR CORPORATION	332,625	$4.028M	0.9%	—	—	COM	682189105
—	CIGNA CORP	30,200	$3.909M	0.9%	—	—	COM	125509109
GM	GENERAL MOTORS CO	102,115	$3.829M	0.9%	—	—	COM	37045V100
EPD	ENTERPRISE PRODUCTS PARTNERS	115,000	$3.787M	0.9%	—	—	COM	293792107
PHM	PULTE CORP	170,000	$3.779M	0.9%	—	—	COM	745867101
—	ENERGY TRANSFER PARTNERS LP	65,000	$3.624M	0.8%	—	—	UNIT LTD PARTN	29273R109
—	NEW SENIOR INVESTMENT GR-W/I	217,412	$3.616M	0.8%	—	—	COM	648691103
AVT	AVNET INC	81,075	$3.608M	0.8%	—	—	COM	053807103
BP	BP PLC-SPONS ADR	92,082	$3.601M	0.8%	—	—	SPONSORED ADR	055622104
DVN	DEVON ENERGY CORP	59,500	$3.588M	0.8%	—	—	COM	25179M103
PAA	PLAINS ALL AMER PIPELINE LP	73,000	$3.56M	0.8%	—	—	UNIT LTD PARTN	726503105
—	CVR PARTNERS LP	263,900	$3.47M	0.8%	—	—	COM	126633106
DHI	DR HORTON INC	113,000	$3.218M	0.7%	—	—	COM	23331A109
—	STAPLES INC	191,298	$3.115M	0.7%	—	—	COM	855030102
NWSA	NEWS CORP - CLASS A	190,045	$3.043M	0.7%	—	—	CL A	65249B109
TEX	TEREX CORP	108,500	$2.885M	0.7%	—	—	COM	880779103
BAC	BANK OF AMERICA CORP	178,100	$2.741M	0.6%	—	—	COM	060505104
LAMR	LAMAR ADVERTISING CO	46,025	$2.728M	0.6%	—	—	CL A	512816109
RGA	REINSURANCE GROUP OF AMERICA	29,200	$2.721M	0.6%	—	—	COM NEW	759351604
AIG	AMERICAN INTERNATIONAL GROUP	48,600	$2.663M	0.6%	—	—	COM NEW	026874784
—	SUPERIOR ENERGY SERVICES INC	119,025	$2.659M	0.6%	—	—	COM	868157108
PNC	PNC FINANCIAL SERVICES GROUP	25,369	$2.365M	0.6%	—	—	COM	693475105
AXS	AXIS CAPITAL HOLDINGS LTD	44,253	$2.283M	0.5%	—	—	SHS	G0692U109
BAX	BAXTER INTL	33,250	$2.278M	0.5%	—	—	COM	071813109
F	FORD MOTOR COMPANY	140,475	$2.267M	0.5%	—	—	COM	345370860
XOM	EXXON MOBIL CORP	26,475	$2.25M	0.5%	—	—	COM	30231G102
MS	MORGAN STANLEY	62,300	$2.223M	0.5%	—	—	COM	617446448
—	ROYAL DUTCH SHELL PLC-ADR	37,257	$2.222M	0.5%	—	—	SPONSORED ADR	780259206
AER	AERCAP HOLDINGS NV	50,000	$2.183M	0.5%	—	—	SHS	N00985106
—	QEP MIDSTREAM PARTNERS LP	136,800	$2.145M	0.5%	—	—	COM UNIT RP LTD	74735R115
STT	STATE STREET CORP	28,925	$2.127M	0.5%	—	—	COM	857477103
OMC	OMNICOM GROUP	26,975	$2.104M	0.5%	—	—	COM	681919106
UBS	UBS GROUP AG	111,275	$2.089M	0.5%	—	—	SHS	H42097107
VOYA	VOYA FINANCIAL INC	46,775	$2.016M	0.5%	—	—	COM	929089100
—	HERTZ GLOBAL HOLDINGS INC	92,925	$2.015M	0.5%	—	—	COM	42805T105
OC	OWENS CORNING	45,450	$1.973M	0.5%	—	—	COM	690742101
CSCO	CISCO SYSTEMS INC	70,000	$1.927M	0.4%	—	—	COM	17275R102
GLNG	GOLAR LNG LTD	57,318	$1.908M	0.4%	—	—	SHS	G9456A100
ABT	ABBOTT LABORATORIES	38,475	$1.783M	0.4%	—	—	COM	002824100
SWK	STANLEY BLACK & DECKER INC	18,400	$1.755M	0.4%	—	—	COM	854502101
ACM	AECOM	56,752	$1.749M	0.4%	—	—	COM	00766T100
BEN	FRANKLIN RESOURCES INC	33,825	$1.736M	0.4%	—	—	COM	354613101
CNO	CNO FINANCIAL GROUP	98,723	$1.7M	0.4%	—	—	COM	12621E103
NWS	NEWS CORP - CLASS B	103,975	$1.65M	0.4%	—	—	CL B	65249B208
—	OCI PARTNERS LP	100,000	$1.616M	0.4%	—	—	COM UNIT REP LP	67091N108
PH	PARKER HANNIFIN CORP	13,525	$1.606M	0.4%	—	—	COM	701094104
—	GENERAL CABLE CORP	92,125	$1.587M	0.4%	—	—	COM	369300108
—	MASONITE INTERNATIONAL CORP	23,400	$1.574M	0.4%	—	—	COM	575385109
LEN	LENNAR CORP	30,000	$1.554M	0.4%	—	—	CL A	526057104
INTC	INTEL CORP	49,075	$1.535M	0.4%	—	—	COM	458140100
ACH	OWENS & MINOR INC	45,275	$1.532M	0.4%	—	—	COM	690732102
NSIT	INSIGHT ENTERPRISES INC	53,193	$1.517M	0.4%	—	—	COM	45765U103
KO	COCA COLA CO COMMON STOCK	37,350	$1.515M	0.4%	—	—	COM	191216100
—	GENERAL MOTORS-CW16	54,576	$1.514M	0.4%	—	—	WARRANT	37045V118
—	TECH DATA CORP	25,275	$1.46M	0.3%	—	—	COM	878237106
—	ACTUANT CORP-CL A	61,300	$1.455M	0.3%	—	—	CL A	00508X203
—	UNITED STATIONERS INC	34,675	$1.421M	0.3%	—	—	COM	913004107
—	INTERPUBLIC GROUP COS	64,225	$1.421M	0.3%	—	—	COM	460690100
ASB	ASSOCIATED BANC-CORP	76,325	$1.42M	0.3%	—	—	COM	045487105
—	SYNOVUS FINANCIAL CORP	50,646	$1.419M	0.3%	—	—	COM	87161C501
WBS	WEBSTER FINANCIAL CORP	38,225	$1.416M	0.3%	—	—	COM	947890109
BRC	BRADY CORPORATION - CL A	49,725	$1.407M	0.3%	—	—	CL A	104674106
DIOD	DIODES INC	47,900	$1.368M	0.3%	—	—	COM	254543101
TECK	TECK COMINCO LTD-CL B	97,435	$1.338M	0.3%	—	—	CL B	878742204
—	TRIBUNE MEDIA CO - A	21,755	$1.323M	0.3%	—	—	CL A	896047503
IP	INTERNATIONAL PAPER CO.	23,770	$1.319M	0.3%	—	—	COM	460146103
ROCK	GIBRALTAR INDUSTRIES INC	79,952	$1.312M	0.3%	—	—	COM	374689107
—	BAKER HUGHES INC	20,550	$1.307M	0.3%	—	—	COM	057224107
—	BBCN BANCORP INC	88,725	$1.284M	0.3%	—	—	COM	073295107
DAN	DANA HOLDING CORP	60,549	$1.281M	0.3%	—	—	COM	235825205
TTEK	TETRA TECH INC	53,275	$1.28M	0.3%	—	—	COM	88162G103
BKD	BROOKDALE SENIOR LIVING INC	33,655	$1.271M	0.3%	—	—	COM	112463104
—	NATL PENN BCSHS INC	117,750	$1.268M	0.3%	—	—	COM	637138108
—	CRAY INC	44,484	$1.249M	0.3%	—	—	COM NEW	225223304
—	FIRST MIDWEST BANCORP INC/IL	71,550	$1.243M	0.3%	—	—	COM	320867104
—	ENDURANCE SPECIALTY HOLDINGS	19,825	$1.212M	0.3%	—	—	SHS	G30397106
SRI	STONERIDGE INC	107,275	$1.211M	0.3%	—	—	COM	86183P102
—	TCF FINANCIAL CORP	77,000	$1.21M	0.3%	—	—	COM	872275102
—	DOW CHEMICAL CORP COMMON STOCK	25,095	$1.204M	0.3%	—	—	COM	260543103
CMCO	COLUMBUS MCKINNON CORP/NY	43,018	$1.159M	0.3%	—	—	COM	199333105
IOSP	INORG CHEM NEC	23,228	$1.078M	0.3%	—	—	COM	45768S105
MATW	MATTHEWS INTL CORP-CLASS A	20,750	$1.069M	0.2%	—	—	CL A	577128101
AR	ANTERO RESOURCES CORP	30,000	$1.06M	0.2%	—	—	COM	03674X106
—	PHH CORP	43,425	$1.05M	0.2%	—	—	COM	693320202
UPBD	RENT-A-CENTER INC	37,800	$1.037M	0.2%	—	—	COM	76009N100
—	APOLLO GLOBAL MANAGEMENT - A	47,300	$1.022M	0.2%	—	—	CLA SHS	037612306
CRS	CARPENTER TECHNOLOGY	25,200	$980K	0.2%	—	—	COM	144285103
TRS	TRIMAS CORP	31,475	$969K	0.2%	—	—	COM NEW	896215209
—	GRANITE REAL ESTATE INVESTMENT TRST	27,600	$965K	0.2%	—	—	UNIT	387437114
—	ARGO GROUP INTERNATIONAL	19,140	$960K	0.2%	—	—	COM	G0464B107
—	CEMPRA INC	27,677	$950K	0.2%	—	—	COM	15130J109
KBR	KBR INC	64,600	$935K	0.2%	—	—	COM	48242W106
—	PARTNERRE LTD	8,075	$923K	0.2%	—	—	COM	G6852T105
NAT	NORDIC AMERICAN TANKERS LTD	76,600	$912K	0.2%	—	—	COM	G65773106
NRG	NRG ENERGY INC	34,446	$868K	0.2%	—	—	COM NEW	629377508
—	PINNACLE FOODS INC	21,110	$861K	0.2%	—	—	COM	72348P104
NG	NOVAGOLD RESOURCES INC	290,393	$860K	0.2%	—	—	COM NEW	66987E206
—	GOVERNMENT PROPERTIES INCOME	37,100	$848K	0.2%	—	—	COM SHS BEN INT	38376A103
GFF	GRIFFON CORPORATION	47,219	$823K	0.2%	—	—	COM	398433102
—	TESORO LOGISTICS LP	14,820	$797K	0.2%	—	—	COM UNIT LP	88160T107
TEVA	TEVA PHARMACEUTICAL-SP ADR	12,710	$792K	0.2%	—	—	COM	881624209
—	CON-WAY INC	17,775	$784K	0.2%	—	—	COM	205944101
—	ASPEN INSURANCE HOLDINGS LTD	16,375	$773K	0.2%	—	—	SHS	G05384105
—	AMERICAN EQUITY INVT LIFE HL	26,000	$757K	0.2%	—	—	COM	025676206
—	SYMETRA FINANCIAL CORP	32,275	$757K	0.2%	—	—	COM	87151Q106
—	WELLCARE GROUP INC	8,260	$755K	0.2%	—	—	COM	94946T106
MWA	MUELLER WATER PRODUCTS INC-A	76,200	$751K	0.2%	—	—	COM	624758108
—	ARRIS CORP	25,300	$731K	0.2%	—	—	COM	04270V106
TPC	TUTOR PERINI CORP	29,900	$698K	0.2%	—	—	COM	901109108
—	TUPPERWARE CORP	10,000	$690K	0.2%	—	—	COM	899896104
—	SCHNITZER STEEL INDS INC-A	43,175	$685K	0.2%	—	—	CL A	806882106
—	OCEAN RIG UDW INC	99,744	$657K	0.2%	—	—	SHS	Y64354205
—	BLUEKNIGHT ENERGY PARTNERS LP	83,558	$650K	0.2%	—	—	COM UNIT	09625U109
—	CUBIC CORP	12,500	$647K	0.2%	—	—	COM	229669106
—	PARK STERLING CORP	88,966	$632K	0.1%	—	—	COM	70086Y105
FHN	FIRST HORIZON NATIONAL CORP	42,800	$612K	0.1%	—	—	COM	320517105
FCNCA	FIRST CITIZENS BCSHS -CL A	2,245	$583K	0.1%	—	—	CL A	31946M103
KALU	KAISER ALUMINUM CORP	7,400	$569K	0.1%	—	—	COM	483007704
VRTS	VIRTUS INVESTMENT PARTNERS	4,310	$564K	0.1%	—	—	COM	92828Q109
—	MONSTER WORLDWIDE INC	85,550	$542K	0.1%	—	—	COM	611742107
LEN/B	LENNAR CORP - B SHS	12,634	$519K	0.1%	—	—	CL B	526057302
—	GOOGLE INC-CL A	935	$519K	0.1%	—	—	CL A	38259P508
—	JIVE SOFTWARE INC	100,553	$516K	0.1%	—	—	COM	47760A108
—	GOOGLE INC-CL C	935	$512K	0.1%	—	—	CL C	38259P706
NVRI	HARSCO CORP	29,600	$511K	0.1%	—	—	COM	415864107
SAIC	SCIENCE APPLICATIONS INTE	9,900	$508K	0.1%	—	—	COM	808625107
—	TEEKAY TANKERS LTD-CLASS A	87,800	$504K	0.1%	—	—	CL A	Y8565N102
—	GREAT PLAINS ENERGY INC	18,300	$488K	0.1%	—	—	COM	391164100
—	WILLIAM LYON HOMES-CL A	18,700	$483K	0.1%	—	—	CL A NEW	552074700
PRI	PRIMERICA INC	9,431	$480K	0.1%	—	—	COM	74164M108
WSFS	WSFS FINANCIAL CORP	6,300	$476K	0.1%	—	—	COM	929328102
DRH	DIAMONDROCK HOSPITALITY CO	33,571	$474K	0.1%	—	—	COM	252784301
MLKN	HERMAN MILLER INC	16,625	$462K	0.1%	—	—	COM	600544100
GNW	GENWORTH FINANCIAL INC-CL A	62,650	$458K	0.1%	—	—	CL A	37247D106
—	ICONIX BRAND GROUP INC	12,800	$431K	0.1%	—	—	COM	451055107
—	LEXMARK INTL GROUP INC-CL A	9,800	$415K	0.1%	—	—	CL A	529771107
—	FUELCELL ENERGY INC	308,610	$386K	0.1%	—	—	COM	35952H106
BABA	ALIBABA GROUP HOLDING-SP ADR	4,565	$380K	0.1%	—	—	SPONSORED ADS	01609W102
POR	PORTLAND GENERAL ELECTRIC	10,200	$378K	0.1%	—	—	COM	736508847
EZPW	EZCORP INC-CL A	41,100	$375K	0.1%	—	—	CL A	302301106
—	MAXWELL TECHNOLOGIES INC	36,379	$293K	0.1%	—	—	COM	577767106
MLR	MILLER INDUSTRIES INC/TENN	11,473	$281K	0.1%	—	—	COM	600551204
UFPT	UFP TECHNOLOGIES INC	12,143	$277K	0.1%	—	—	COM	902673102
ENVA	ENOVA INTERNATIONAL INC-W/I	13,872	$273K	0.1%	—	—	COM	29357K103
AGX	ARGAN INC	7,351	$266K	0.1%	—	—	COM	04010E109
—	OM ASSET MANAGEMENT PLC	14,200	$265K	0.1%	—	—	SHS	G67506108
—	ARC DOCUMENT SOLUTIONS INC	28,050	$259K	0.1%	—	—	COM	00191G103
—	STANCORP FINANCIAL GROUP	3,725	$256K	0.1%	—	—	COM	852891100
NNI	NELNET INC-CL A	5,300	$251K	0.1%	—	—	CL A	64031N108
MERC	MERCER INTERNATIONAL INC	16,205	$249K	0.1%	—	—	COM	588056101
CALY	CALLAWAY GOLF COMPANY	26,177	$249K	0.1%	—	—	COM	131193104
—	CASH AMERICA INTL INC	10,600	$247K	0.1%	—	—	COM	14754D100
THC	TENET HEALTHCARE CORP	4,925	$244K	0.1%	—	—	COM NEW	88033G407
—	KAPSTONE PAPER AND PACKAGING	7,200	$236K	0.1%	—	—	COM	48562P103
TITN	TITAN MACHINERY INC	16,623	$222K	0.1%	—	—	COM	88830R101
KTOS	KRATOS DEFENSE & SECURITY	38,200	$211K	0.0%	—	—	COM NEW	50077B207
—	ENERGY XXI LTD	49,600	$181K	0.0%	—	—	SHS	G10082140
—	CASTLE (A.M.) & CO	48,000	$175K	0.0%	—	—	COM	148411101
—	HEALTH INSURANCE INNOVATIO-A	11,559	$90,000	0.0%	—	—	COM CL A	42225K106
—	WALTER INDUSTRIES INC	123,419	$77,000	0.0%	—	—	COM	93317Q105
—	KEY ENERGY SERVICES INC	40,150	$73,000	0.0%	—	—	COM	492914106