Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Wellpoint Inc	149,775	$17.92M	3.0%	$102.10	—	COM	94973V107
VFC	V.F. Corp.	244,325	$16.13M	2.7%	$57.91	+3.3%	COM	918204108
—	Dr. Pepper Snapple Group, Inc.	232,225	$14.93M	2.5%	$59.73	—	COM	26138E109
PFG	Principal Finl Grp Inc	283,300	$14.87M	2.5%	$27.83	+24.4%	COM	74251V102
MU	Micron Technology	432,850	$14.83M	2.5%	$31.60	0.0%	COM	595112103
UAL	United Continental Hldgs Inc.	316,325	$14.8M	2.5%	$43.33	+7.1%	COM	910047109
STZ	Constellation Brands, Inc.	162,475	$14.16M	2.4%	$54.97	+35.4%	COM	21036P108
BA	Boeing Co	110,550	$14.08M	2.4%	$98.01	+11.5%	COM	097023105
—	Starwood Hotels & Resorts Worl	169,000	$14.06M	2.4%	$80.58	—	COM	85590A401
CTSH	Cognizant Technology Solutions	314,050	$14.06M	2.4%	$41.72	0.0%	COM	192446102
TXN	Texas Instruments, Inc.	293,700	$14.01M	2.4%	$32.29	+8.8%	COM	882508104
MAR	Marriott International Inc	197,575	$13.81M	2.3%	$60.57	0.0%	COM	571903202
BSX	Boston Scientific Corp.	1,157,000	$13.66M	2.3%	$11.42	+10.3%	COM	101137107
ADBE	Adobe Systems, Inc.	193,925	$13.42M	2.3%	$61.65	+15.0%	COM	00724F101
PNC	PNC Financial Services	156,625	$13.4M	2.3%	$59.84	0.0%	COM	693475105
—	St. Jude Medical Inc.	217,150	$13.06M	2.2%	$52.31	—	COM	790849103
GILD	Gilead Sciences	122,500	$13.04M	2.2%	$53.94	+26.1%	COM	375558103
XOM	Exxon Mobil Corp.	135,600	$12.75M	2.1%	$61.80	-0.5%	COM	30231G102
KEY	KeyCorp	947,300	$12.63M	2.1%	$8.49	+3.9%	COM	493267108
—	Activision Blizzard Inc	597,375	$12.42M	2.1%	$17.37	—	COM	00507V109
—	Johnson Controls Inc.	275,875	$12.14M	2.0%	$47.34	—	COM	478366107
LUV	Southwest Airlines	352,895	$11.92M	2.0%	$11.87	+126.7%	COM	844741108
—	Hewlett-Packard Co	327,850	$11.63M	2.0%	$30.50	—	COM	428236103
EQT	EQT Corp.	127,025	$11.63M	2.0%	$44.76	+8.5%	COM	26884L109
EOG	EOG Resources Inc.	117,325	$11.62M	2.0%	$79.33	0.0%	COM	26875P101
HST	Host Hotels & Resorts	509,225	$10.86M	1.8%	$13.57	+3.3%	COM	44107P104
—	Sprint Nextel Corp.	1,645,775	$10.43M	1.8%	$6.34	—	COM	85207U105
WDC	Western Digital Corp	96,550	$9.396M	1.6%	$36.69	+70.1%	COM	958102105
CSCO	Cisco Systems Inc.	373,025	$9.389M	1.6%	$16.86	+5.0%	COM	17275R102
MRK	Merck & Co.	157,075	$9.311M	1.6%	$38.24	+2.9%	COM	58933Y105
MA	Mastercard Inc Cl A	123,925	$9.161M	1.5%	$71.17	-0.1%	COM	57636Q104
FIS	Fidelity National Info Srv	159,750	$8.994M	1.5%	$44.09	+5.4%	COM	31620M106
AEP	American Electric Power	168,300	$8.787M	1.5%	$34.98	+1.0%	COM	025537101
AMGN	Amgen Inc	61,300	$8.61M	1.4%	$82.30	+14.8%	COM	031162100
—	Viacom Inc Cl B	102,025	$7.85M	1.3%	$75.23	—	COM	92553P201
—	Monsanto Co.	55,170	$6.207M	1.0%	$109.74	—	COM	61166W101
REGN	Regeneron Pharmaceuticals	15,750	$5.678M	1.0%	$306.44	+8.8%	COM	75886F107
AZO	Autozone Inc.	9,940	$5.066M	0.9%	$434.55	+21.2%	COM	053332102
CAH	Cardinal Health Inc.	67,000	$5.02M	0.8%	$51.06	+4.4%	COM	14149Y108
NWSA	News Corporation Cl. A	299,125	$4.891M	0.8%	$14.08	+9.7%	COM	65249B109
NAVI	Navient Corp.	259,100	$4.589M	0.8%	$16.58	+6.2%	COM	63938C108
APH	Amphenol Corp.	45,800	$4.574M	0.8%	$9.05	+24.4%	COM	032095101
AAP	Advanced Auto Parts	34,375	$4.479M	0.8%	$105.89	+8.2%	COM	00751Y106
COR	AmerisourceBergen Corp	57,400	$4.437M	0.7%	$49.82	+11.4%	COM	03073E105
DGX	Quest Diagnostics Inc	71,800	$4.357M	0.7%	$45.53	+7.8%	COM	74834L100
GPC	Genuine Parts Co	49,555	$4.346M	0.7%	$56.28	+11.2%	COM	372460105
—	Praxair Inc	31,610	$4.078M	0.7%	$117.96	—	COM	74005P104
—	Hess Corporation	42,900	$4.046M	0.7%	$98.88	—	COM	42809H107
EVTC	Evertec Inc.	177,025	$3.955M	0.7%	$19.76	+3.1%	COM	30040P103
—	Scripps Networks	49,975	$3.903M	0.7%	$75.91	—	COM	811065101
SCI	Service Corp. Int'l	180,900	$3.824M	0.6%	$19.54	+9.1%	COM	817565104
—	Mead Johnson Nutrition Co.	39,525	$3.803M	0.6%	$93.17	—	COM	582839106
—	McGraw Hill Financial, Inc.	44,400	$3.75M	0.6%	$84.46	—	COM	580645109
ROST	Ross Stores Inc.	48,775	$3.686M	0.6%	$31.13	0.0%	COM	778296103
FHI	Federated Investors Inc.	121,075	$3.555M	0.6%	$16.71	+7.6%	COM	314211103
—	National Oilwell Varco Inc.	46,300	$3.523M	0.6%	$82.34	—	COM	637071101
PBI	Pitney Bowes Inc	137,675	$3.44M	0.6%	$24.66	+8.4%	COM	724479100
AAL	American Airlines Group Inc.	96,725	$3.432M	0.6%	$36.77	+1.0%	COM	02376R102
—	L Brands, Inc.	46,125	$3.089M	0.5%	$66.97	—	COM	501797104
RHI	Robert Half International Co.	60,300	$2.955M	0.5%	$44.79	+10.6%	COM	770323103
—	Alexion Pharmaceuticals, Inc.	17,175	$2.848M	0.5%	$156.24	—	COM	015351109
—	CIT Group Inc.	61,600	$2.831M	0.5%	$49.05	—	COM	125581801
MCHP	Microchip Technology	59,100	$2.791M	0.5%	$18.68	+1.1%	COM	595017104
—	WABCO Holdings Inc	29,100	$2.647M	0.4%	$90.96	—	COM	92927K102
—	Nobel Energy Inc.	37,875	$2.589M	0.4%	$68.36	—	COM	655044105
HOG	Harley-Davidson, Inc.	42,400	$2.468M	0.4%	$63.94	0.0%	COM	412822108
—	Markit Ltd.	103,825	$2.424M	0.4%	$25.65	—	COM	G58249106
VAC	Marriott Vacations Worldwide	34,400	$2.181M	0.4%	$47.32	+25.3%	COM	57164Y107
PVH	PVH Corp	17,575	$2.129M	0.4%	$115.28	0.0%	COM	693656100
WAT	Waters Corp.	21,350	$2.116M	0.4%	$103.09	0.0%	COM	941848103
—	Vantiv, Inc.	67,225	$2.077M	0.3%	$33.63	—	COM	92210H105
—	Aircastle Ltd.	115,775	$1.894M	0.3%	$17.57	—	COM	G0129K104
KBH	KB Home	123,900	$1.851M	0.3%	$14.72	+2.6%	COM	48666K109
ZTS	Zoetis Inc.	48,050	$1.775M	0.3%	$28.03	+11.8%	COM	98978V103
AKAM	Akamai Technologies, Inc.	26,825	$1.604M	0.3%	$55.61	+8.1%	COM	00971T101
—	Xoom Corp.	71,650	$1.573M	0.3%	$26.94	—	COM	98419Q101
—	Bunge Limited	17,725	$1.493M	0.3%	$84.23	—	COM	G16962105
CHRW	CH Robinson Worldwide Inc.	21,975	$1.457M	0.2%	$50.91	0.0%	COM	12541W209
CDW	CDW Corp.	46,875	$1.455M	0.2%	$21.69	+28.3%	COM	12514G108
LEN	Lennar Corp Cl A	37,250	$1.446M	0.2%	$34.50	-2.6%	COM	526057104
—	Southwestern Energy Co.	40,200	$1.405M	0.2%	$34.95	—	COM	845467109
PAC	Grupo Aeroportuario Del Pacifi	20,625	$1.391M	0.2%	$51.56	—	ADR	400506101
OMAB	Grupo Aeroportuario Del Centro	39,150	$1.383M	0.2%	$26.65	—	ADR	400501102
—	Freescale Semiconductor, Ltd.	70,450	$1.376M	0.2%	$19.53	—	COM	G3727Q101
—	National Instruments	44,175	$1.366M	0.2%	$30.92	—	COM	636518102
CPRT	Copart, Inc.	43,025	$1.347M	0.2%	$4.26	0.0%	COM	217204106
—	MDC Holdings Inc.	46,250	$1.171M	0.2%	$28.28	—	COM	552676108
—	Oasis Petroleum Inc.	25,550	$1.068M	0.2%	$41.80	—	COM	674215108
ASR	Grupo Aeroportuario Del Surest	8,025	$1.031M	0.2%	$109.49	—	ADR	40051E202
AL	Air Lease Corp	24,475	$795K	0.1%	$25.97	+19.6%	COM	00912X302
AMCX	AMC Networks Inc.	12,919	$755K	0.1%	$68.94	-10.5%	COM	00164V103
MANH	Manhattan Associates	21,400	$715K	0.1%	$31.28	0.0%	COM	562750109
—	Cencosud S A Sponsored ADS	72,825	$656K	0.1%	$13.26	—	ADR	15132H101
—	ARM Holdings	7,975	$348K	0.1%	$43.64	—	ADR	042068106
—	RetailMeNot, Inc	14,300	$231K	0.0%	$28.79	—	COM	76132B106