Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$28.09M	6.4%	—	—	SHS	78463V107
MSFT	MICROSOFT CORP	235,501	$10.4M	2.4%	—	—	COM	594918104
JPM	JPMORGAN CHASE & COMPANY	153,150	$10.38M	2.4%	—	—	COM	46625H100
LNC	LINCOLN NATIONAL CORP INDIANA	173,000	$10.24M	2.3%	—	—	COM	534187109
—	WILLIAMS PARTNERS LP	200,000	$9.686M	2.2%	—	—	COM UNIT LP	96949L105
ORCL	ORACLE CORP	223,225	$8.995M	2.1%	—	—	COM	68389X105
C	CITIGROUP INC	162,161	$8.957M	2.0%	—	—	COM	172967424
GS	GOLDMAN SACHS GROUP INC	41,425	$8.649M	2.0%	—	—	COM	38141G104
—	AETNA INC	62,000	$7.902M	1.8%	—	—	COM	00817Y108
—	ENBRIDGE ENERGY PARTNERS LP	220,000	$7.332M	1.7%	—	—	COM	29250R106
AIZ	ASSURANT INC	100,000	$6.7M	1.5%	—	—	COM	04621X108
PFE	PFIZER INC	191,691	$6.427M	1.5%	—	—	COM	717081103
MC	MOELIS & CO	218,337	$6.268M	1.4%	—	—	CL A	60786M105
OXY	OCCIDENTAL PETROLEUM	79,586	$6.189M	1.4%	—	—	COM	674599105
TRV	TRAVELERS COS INC/THE	63,800	$6.166M	1.4%	—	—	COM	89417E109
—	COMCAST CORP	100,000	$5.994M	1.4%	—	—	CL A	20030N200
—	ANADARKO PETROLEUM CORP	75,000	$5.854M	1.3%	—	—	COM	032511107
DAL	DELTA AIR LINES INC	139,280	$5.721M	1.3%	—	—	COM NEW	247361702
LYB	LYONDELLBASELL INDU	55,000	$5.693M	1.3%	—	—	SHS	N53745100
—	COVANTA HOLDING CORP	263,804	$5.59M	1.3%	—	—	COM	22282E102
ETN	EATON CORP PLC	75,396	$5.088M	1.2%	—	—	SHS	G29183103
—	BARRICK GOLD CORP	432,679	$4.612M	1.1%	—	—	COM	067901108
—	APACHE CORP	79,500	$4.581M	1.0%	—	—	COM	037411105
—	RENTECH NITROGEN PARTNERS LP	307,650	$4.399M	1.0%	—	—	COM	760113100
FDX	FEDEX CORPORATION	25,000	$4.26M	1.0%	—	—	COM	31428X106
UAL	UAL CORP	80,000	$4.24M	1.0%	—	—	COM	910047109
—	PIONEER NATURAL RESOURCES CO	29,000	$4.022M	0.9%	—	—	COM	723787107
—	HEWLETT-PACKARED CO	133,655	$4.01M	0.9%	—	—	COM	428236103
AAL	AMERICAN AIRLINES GROUP INC	100,000	$3.993M	0.9%	—	—	COM	02376R102
—	ENERGY TRANSFER PARTNERS LP	75,700	$3.951M	0.9%	—	—	UNIT LTD PARTN	29273R109
EPD	ENTERPRISE PRODUCTS PARTNERS	128,400	$3.837M	0.9%	—	—	COM	293792107
BP	BP PLC	92,082	$3.679M	0.8%	—	—	SPONSORED ADR	055622104
—	FOREST CITY ENTERPRISES	166,367	$3.676M	0.8%	—	—	CL A	345550107
ON	ON SEMICONDUCTOR CORPORATION	312,750	$3.656M	0.8%	—	—	COM	682189105
—	NEW SR INVT GROUP INC	272,052	$3.637M	0.8%	—	—	COM	648691103
—	MARKWEST ENERGY PARTNERS LP	64,200	$3.619M	0.8%	—	—	UNIT LTD PARTN	570759100
—	DOW CHEMICAL CORP	69,355	$3.548M	0.8%	—	—	COM	260543103
DVN	DEVON ENERGY CORP	59,500	$3.539M	0.8%	—	—	COM	25179M103
PAA	PLAIMS ALL AMER PIPELINE LP	80,000	$3.485M	0.8%	—	—	UNIT LTD PARTN	726503105
PHM	PULTE CORP	170,000	$3.425M	0.8%	—	—	COM	745867101
—	CVR PARTNERS LP	268,600	$3.392M	0.8%	—	—	COM	126633106
AVT	AVNET INC	81,075	$3.332M	0.8%	—	—	COM	053807103
DHI	DR HORTON INC	113,000	$3.091M	0.7%	—	—	COM	23331A109
BAC	BANK OF AMERICA CORP	178,100	$3.031M	0.7%	—	—	COM	060505104
AIG	AMERICAN INTERNATIONAL GROUP	48,600	$3.004M	0.7%	—	—	COM NEW	026874784
—	STAPLES INC	191,298	$2.928M	0.7%	—	—	COM	855030102
NWSA	NEWS CORP	190,045	$2.772M	0.6%	—	—	CL A	65249B109
RGA	REINSURANCE GROUP OF AMERICA	29,200	$2.77M	0.6%	—	—	COM NEW	759351604
TEX	TEREX CORP	118,675	$2.759M	0.6%	—	—	COM	880779103
—	CIGNA CORP	17,000	$2.754M	0.6%	—	—	COM	125509109
GLNG	GOLAR LNG LTD	57,318	$2.682M	0.6%	—	—	SHS	G9456A100
LAMR	LAMAR ADVERTISING CO NEW	46,025	$2.645M	0.6%	—	—	CL A	512816109
GM	GENERAL MOTORS CO	76,115	$2.536M	0.6%	—	—	COM	37045V100
—	SUPERIOR ENERGY SERVICES INC	119,025	$2.504M	0.6%	—	—	COM	868157108
MS	MORGAN STANLEY	62,300	$2.416M	0.6%	—	—	COM	617446448
—	QEP MIDSTREAM PARTNERS LP	136,800	$2.398M	0.5%	—	—	COM UNIT RP LTD	74735R115
AXS	AXIS CAPITAL HOLDINGS LTD	44,253	$2.361M	0.5%	—	—	SHS	G0692U109
UBS	UBS GROUP AG SHS	111,275	$2.359M	0.5%	—	—	SHS	H42097107
BAX	BAXTER INTL	33,250	$2.325M	0.5%	—	—	COM	071813109
AER	AERCAP HOLDINGS NV	50,000	$2.289M	0.5%	—	—	SHS	N00985106
MET	METLIFE INC	40,225	$2.252M	0.5%	—	—	COM	59156R108
BEN	FRANKLIN RESOURCES INC	45,100	$2.211M	0.5%	—	—	COM	354613101
XOM	EXXON MOBIL CORP	26,475	$2.202M	0.5%	—	—	COM	30231G102
VOYA	VOYA FINL INC	46,775	$2.173M	0.5%	—	—	COM	929089100
—	ROYAL DUTCH SHELL PLC	37,817	$2.155M	0.5%	—	—	SPONSORED ADR	780259206
F	FORD MOTOR COMPANY	140,475	$2.108M	0.5%	—	—	COM	345370860
WMT	WAL-MART STORES INC	29,400	$2.085M	0.5%	—	—	COM	931142103
—	ENLINK MIDSTREAM PARTNERS LP	90,000	$1.977M	0.5%	—	—	COM UNIT LP	29336U107
ACM	AECOM	59,677	$1.974M	0.4%	—	—	COM	00766T100
SWK	STANLEY BLACK & DECKER INC	18,400	$1.936M	0.4%	—	—	COM	854502101
PNC	PNC FINL SVCS GROUP INC	20,244	$1.936M	0.4%	—	—	COM	693475105
CSCO	CISCO SYSTEMS INC	70,000	$1.922M	0.4%	—	—	COM	17275R102
BKD	BROOKDALE SENIOR LIVING INC	55,320	$1.919M	0.4%	—	—	COM	112463104
—	TRIBUNE MEDIA CO	35,620	$1.901M	0.4%	—	—	CL A	896047503
ABT	ABBOTT LABORATORIES	38,475	$1.888M	0.4%	—	—	COM	002824100
OMC	OMNICOM GROUP INC COM	26,975	$1.874M	0.4%	—	—	COM	681919106
ROCK	GIBRALTAR INDUSTRIES INC	90,754	$1.848M	0.4%	—	—	COM	374689107
STT	STATE STR CORP	23,950	$1.844M	0.4%	—	—	COM	857477103
WHR	WHIRLPOOL CORPORATION	10,000	$1.73M	0.4%	—	—	COM	963320106
—	HERTZ GLOBAL HOLDINGS INC	92,925	$1.683M	0.4%	—	—	COM	42805T105
CNO	CNO FINANCIAL GROUP	90,323	$1.657M	0.4%	—	—	COM	12621E103
—	MASONITE INTERNATIONAL CORP	23,400	$1.64M	0.4%	—	—	COM	575385109
—	OCI PARTNERS LP	94,800	$1.597M	0.4%	—	—	COM UNIT REP LP	67091N108
—	TECH DATA CORP	27,400	$1.577M	0.4%	—	—	COM	878237106
PH	PARKER HANNIFIN CORP	13,525	$1.573M	0.4%	—	—	COM	701094104
—	SYNOVUS FINANCIAL CORP	50,646	$1.56M	0.4%	—	—	COM	87161C501
ASB	ASSOCIATED BANC-CORP	76,325	$1.547M	0.4%	—	—	COM	045487105
ACH	OWENS & MINOR INC	45,275	$1.539M	0.4%	—	—	COM	690732102
LEN	LENNAR CORP	30,000	$1.531M	0.3%	—	—	CL A	526057104
WBS	WEBSTER FINANCIAL CORP	38,225	$1.511M	0.3%	—	—	COM	947890109
NSIT	INSIGHT ENTERPRISES INC	49,918	$1.493M	0.3%	—	—	COM	45765U103
INTC	INTEL CORP	49,075	$1.492M	0.3%	—	—	COM	458140100
NWS	NEWS CORP	103,975	$1.48M	0.3%	—	—	CL B	65249B208
KO	COCA COLA CO	37,350	$1.465M	0.3%	—	—	COM	191216100
—	STANCORP FINANCIAL GROUP	18,800	$1.421M	0.3%	—	—	COM	852891100
—	ACTUANT CORP	61,300	$1.415M	0.3%	—	—	CL A	00508X203
GNW	GENWORTH FINANCIAL INC	186,375	$1.41M	0.3%	—	—	CL A	37247D106
TTEK	TETRA TECH INC	53,275	$1.365M	0.3%	—	—	COM	88162G103
—	FIRST MIDWEST BANCORP INC/IL	71,550	$1.357M	0.3%	—	—	COM	320867104
TRS	TRIMAS CORP	45,200	$1.337M	0.3%	—	—	COM NEW	896215209
—	NATL PENN BCSHS INC	117,750	$1.328M	0.3%	—	—	COM	637138108
—	GENERAL CABLE CORP	66,975	$1.321M	0.3%	—	—	COM	369300108
—	CRAY INC	44,484	$1.312M	0.3%	—	—	COM NEW	225223304
—	BBCN BANCORP INC	88,725	$1.312M	0.3%	—	—	COM	073295107
—	ENDURANCE SPECIALTY HOLDINGS	19,825	$1.302M	0.3%	—	—	SHS	G30397106
—	GENERAL MOTORS	54,576	$1.297M	0.3%	—	—	WARRANT	37045V118
—	BAKER HUGHES INC	20,550	$1.267M	0.3%	—	—	COM	057224107
KBR	KBR INC	64,600	$1.258M	0.3%	—	—	COM	48242W106
SRI	STONERIDGE INC	107,275	$1.256M	0.3%	—	—	COM	86183P102
—	TRIPLE-S MANAGEMENT CORP	48,933	$1.255M	0.3%	—	—	CL B	896749108
DAN	DANA HOLDING CORP	60,549	$1.246M	0.3%	—	—	COM	235825205
—	INTERPUBLIC GROUP COS INC	64,225	$1.237M	0.3%	—	—	COM	460690100
BRC	BRADY CORPORATION	49,725	$1.23M	0.3%	—	—	CL A	104674106
—	ESSENDANT INC	30,850	$1.21M	0.3%	—	—	COM	296689102
DIOD	DIODES INC	47,900	$1.154M	0.3%	—	—	COM	254543101
—	PHH CORP	43,425	$1.13M	0.3%	—	—	COM	693320202
—	TCF FINANCIAL CORP	66,500	$1.104M	0.3%	—	—	COM	872275102
MATW	MATTHEWS INTL CORP	20,750	$1.102M	0.3%	—	—	CL A	577128101
IOSP	INORG CHEM NEC	24,128	$1.086M	0.2%	—	—	COM	45768S105
CMCO	COLUMBUS MCKINNON CORP/NY	43,018	$1.075M	0.2%	—	—	COM	199333105
UPBD	RENT-A-CENTER INC	37,800	$1.071M	0.2%	—	—	COM	76009N100
—	ARGO GROUP INTERNATIONAL	19,140	$1.066M	0.2%	—	—	COM	G0464B107
—	ASPEN INSURANCE HOLDINGS LTD	21,950	$1.051M	0.2%	—	—	SHS	G05384105
—	APOLLO GLOBAL MANAGEMENT	47,300	$1.047M	0.2%	—	—	CLA SHS	037612306
—	CUBIC CORP	21,675	$1.031M	0.2%	—	—	COM	229669106
AR	ANTERO RESOURCES CORP	30,000	$1.03M	0.2%	—	—	COM	03674X106
—	GRANITE REAL ESTATE INVESTMENT TRST	30,000	$1.024M	0.2%	—	—	UNIT	387437114
—	ARRIS CORP	32,816	$1.004M	0.2%	—	—	COM	04270V106
TECK	TECK COMINCO LTD	97,435	$965K	0.2%	—	—	CL B	878742204
OC	OWENS CORNING	23,150	$954K	0.2%	—	—	COM	690742101
CRS	CARPENTER TECHNOLOGY	22,766	$880K	0.2%	—	—	COM	144285103
—	TESORO LOGISTICS LP	14,820	$846K	0.2%	—	—	COM UNIT LP	88160T107
—	ELECTRUM SPECIAL ACQUISITION	78,949	$791K	0.2%	—	—	COM	G3105C120
NRG	NRG ENERGY INC	34,446	$788K	0.2%	—	—	COM NEW	629377508
FHN	FIRST HORIZON NATIONAL CORP	50,200	$786K	0.2%	—	—	COM	320517105
—	SYMETRA FINANCIAL CORP	32,275	$780K	0.2%	—	—	COM	87151Q106
—	SCHNITZER STEEL INDS INC	43,175	$754K	0.2%	—	—	CL A	806882106
NG	NOVAGOLD RESOURCES INC	218,220	$746K	0.2%	—	—	COM NEW	66987E206
—	YAHOO! INC	18,700	$734K	0.2%	—	—	COM	984332106
IP	INTERNATIONAL PAPER CO.	15,360	$730K	0.2%	—	—	COM	460146103
NAT	NORDIC AMERICAN TANKERS LTD	50,285	$715K	0.2%	—	—	COM	G65773106
—	ICONIX BRAND GROUP INC	28,400	$709K	0.2%	—	—	COM	451055107
—	TUPPERWARE CORP	11,000	$709K	0.2%	—	—	COM	899896104
—	GOVERNMENT PROPERTIES INCOME	37,100	$688K	0.2%	—	—	COM SHS BEN INT	38376A103
—	CON-WAY INC	17,775	$682K	0.2%	—	—	COM	205944101
VRTS	VIRTUS INVESTMENT PARTNERS	4,910	$649K	0.1%	—	—	COM	92828Q109
TPC	TUTOR PERINI CORP	29,900	$645K	0.1%	—	—	COM	901109108
—	PARK STERLING CORP	88,966	$640K	0.1%	—	—	COM	70086Y105
—	PINNACLE FOODS INC	13,850	$630K	0.1%	—	—	COM	72348P104
FCNCA	FIRST CITIZENS BCSHS	2,345	$616K	0.1%	—	—	CL A	31946M103
KALU	KAISER ALUMINUM CORP	7,400	$614K	0.1%	—	—	COM	483007704
—	FUELCELL ENERGY INC	610,702	$596K	0.1%	—	—	COM	35952H106
—	TEEKAY TANKERS LTD	89,500	$591K	0.1%	—	—	CL A	Y8565N102
—	MONSTER WORLDWIDE INC	85,550	$559K	0.1%	—	—	COM	611742107
GTLS	CHART INDUSTRIES INC	15,250	$545K	0.1%	—	—	COM	16115Q308
—	CEMPRA INC	15,497	$532K	0.1%	—	—	COM	15130J109
—	BLUEKNIGHT ENERGY PARTNERS LP	71,022	$531K	0.1%	—	—	COM UNIT	09625U109
—	JIVE SOFTWARE INC	100,553	$527K	0.1%	—	—	COM	47760A108
SAIC	SCIENCE APPLICATIONS INTE	9,900	$523K	0.1%	—	—	COM	808625107
WSFS	WSFS FINANCIAL CORP	18,900	$516K	0.1%	—	—	COM	929328102
—	OCEAN RIG UDW INC	99,744	$511K	0.1%	—	—	SHS	Y64354205
GFF	GRIFFON CORPORATION	31,994	$509K	0.1%	—	—	COM	398433102
—	GOOGLE INC	935	$504K	0.1%	—	—	CL A	38259P508
LEN/B	LENNAR CORP	11,534	$497K	0.1%	—	—	CL B	526057302
NVRI	HARSCO CORP	29,900	$493K	0.1%	—	—	COM	415864107
—	GOOGLE INC	937	$487K	0.1%	—	—	CL C	38259P706
—	WILLIAM LYON HOMES	19,000	$487K	0.1%	—	—	CL A NEW	552074700
—	GREAT PLAINS ENERGY INC	18,300	$442K	0.1%	—	—	COM	391164100
—	LEXMARK INTL GROUP INC	9,800	$433K	0.1%	—	—	CL A	529771107
DRH	DIAMONDROCK HOSPITALITY CO	33,571	$430K	0.1%	—	—	COM	252784301
PRI	PRIMERICA INC	9,431	$430K	0.1%	—	—	COM	74164M108
POR	PORTLAND GENERAL ELECTRIC	10,200	$338K	0.1%	—	—	COM	736508847
EZPW	EZCORP INC	41,100	$305K	0.1%	—	—	CL A	302301106
AGX	ARGAN INC	7,351	$296K	0.1%	—	—	COM	04010E109
—	KAPSTONE PAPER AND PACKAGING	12,631	$292K	0.1%	—	—	COM	48562P103
THC	TENET HEALTHCARE CORP	4,925	$285K	0.1%	—	—	COM NEW	88033G407
—	MAXWELL TECHNOLOGIES INC	46,277	$276K	0.1%	—	—	COM	577767106
ENVA	ENOVA INTERNATIONAL INC-W/I	14,172	$264K	0.1%	—	—	COM	29357K103
KTOS	KRATOS DEFENSE & SECURITY	40,400	$254K	0.1%	—	—	COM NEW	50077B207
UFPT	UFP TECHNOLOGIES INC	12,143	$254K	0.1%	—	—	COM	902673102
—	OM ASSET MANAGEMENT PLC	13,700	$243K	0.1%	—	—	SHS	G67506108
—	CASH AMERICA INTL INC	9,000	$235K	0.1%	—	—	COM	14754D100
NNI	NELNET INC	5,400	$233K	0.1%	—	—	CL A	64031N108
CALY	CALLAWAY GOLF COMPANY	24,977	$223K	0.1%	—	—	COM	131193104
MLR	MILLER INDUSTRIES INC/TENN	10,973	$218K	0.0%	—	—	COM	600551204
—	ARC DOCUMENT SOLUTIONS INC	28,050	$213K	0.0%	—	—	COM	00191G103
—	ENERGY XXI LTD	49,600	$130K	0.0%	—	—	SHS	G10082140
—	KEY ENERGY SERVICES INC	48,525	$87,000	0.0%	—	—	COM	492914106
—	CASTLE (A.M.) & CO	11,100	$68,000	0.0%	—	—	COM	148411101
—	HEALTH INSURANCE INNOVATION	11,559	$57,000	0.0%	—	—	COM CL A	42225K106