Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	COACH INC	470,120	$26.84M	2.7%	$57.09	—	COM	189754104
SYK	STRYKER CORP	395,450	$25.58M	2.5%	$56.92	0.0%	COM	863667101
ROST	ROSS STORES INC	306,905	$19.89M	2.0%	$28.26	0.0%	COM	778296103
XOM	EXXON MOBIL CORP	208,264	$18.82M	1.9%	$53.69	0.0%	COM	30231G102
LOW	LOWES COS INC	458,900	$18.77M	1.9%	$32.16	0.0%	COM	548661107
BK	BANK OF NEW YORK MELLON CORP	647,400	$18.16M	1.8%	$21.22	0.0%	COM	064058100
—	MEDTRONIC INC	345,700	$17.79M	1.8%	$51.47	—	COM	585055106
PNC	PNC FINL SVCS GROUP INC	242,350	$17.67M	1.8%	$47.34	0.0%	COM	693475105
GNTX	GENTEX CORP	753,100	$17.36M	1.7%	$11.27	0.0%	COM	371901109
—	ST JUDE MED INC	378,600	$17.28M	1.7%	$45.63	—	COM	790849103
—	COVIDIEN PLC	271,900	$17.09M	1.7%	$62.84	—	SHS	G2554F113
HAL	HALLIBURTON CO	386,700	$16.13M	1.6%	$33.21	0.0%	COM	406216101
USB	US BANCORP DEL	430,050	$15.55M	1.5%	$22.41	0.0%	COM NEW	902973304
—	KELLOGG CO	239,800	$15.4M	1.5%	$38.95	0.0%	COM	487836108
ACN	ACCENTURE PLC IRELAND	207,815	$14.95M	1.5%	$63.81	0.0%	SHS CLASS A	G1151C101
—	UNITED TECHNOLOGIES CORP	157,825	$14.67M	1.5%	$92.94	—	COM	913017109
DOV	DOVER CORP	186,250	$14.46M	1.4%	$39.99	0.0%	COM	260003108
CAT	CATERPILLAR INC DEL	173,900	$14.44M	1.4%	$61.55	0.0%	COM	149123101
SLB	SCHLUMBERGER LTD	193,100	$13.84M	1.4%	$52.90	0.0%	COM	806857108
INTC	INTEL CORP	562,500	$13.63M	1.4%	$17.18	0.0%	COM	458140100
HAS	HASBRO INC	292,000	$13.09M	1.3%	$30.22	0.0%	COM	418056107
—	DEVRY INC DEL	421,500	$13.07M	1.3%	$31.02	—	COM	251893103
—	VARIAN MED SYS INC	188,350	$12.7M	1.3%	$67.45	—	COM	92220P105
EMR	EMERSON ELEC CO	228,700	$12.47M	1.2%	$40.02	0.0%	COM	291011104
MMM	3M CO	113,410	$12.4M	1.2%	$61.26	0.0%	COM	88579Y101
UPS	UNITED PARCEL SERVICE INC	143,150	$12.38M	1.2%	$55.38	0.0%	CL B	911312106
NSC	NORFOLK SOUTHERN CORP	168,550	$12.24M	1.2%	$57.67	0.0%	COM	655844108
GD	GENERAL DYNAMICS CORP	155,140	$12.15M	1.2%	$56.44	0.0%	COM	369550108
—	BB&T CORP	357,800	$12.12M	1.2%	$33.88	—	COM	054937107
—	I SHARES GOLD TST	1,007,200	$12.08M	1.2%	$11.99	—	I SHARES	464285105
—	JOHNSON CTLS INC	322,100	$11.89M	1.2%	$36.90	—	COM	478366107
ITW	ILLINOIS TOOL WKS INC	166,200	$11.5M	1.1%	$49.85	0.0%	COM	452308109
GILD	GILEAD SCIENCES INC	222,420	$11.4M	1.1%	$36.21	0.0%	COM	375558103
MA	MASTERCARD INC	19,840	$11.4M	1.1%	$51.54	0.0%	CL A	57636Q104
PII	POLARIS IND INC	119,900	$11.39M	1.1%	$90.50	0.0%	COM	731068102
SYY	SYSCO CORP	318,200	$10.87M	1.1%	$24.40	0.0%	COM	871829107
PAYX	PAYCHEX INC	287,000	$10.48M	1.0%	$25.02	0.0%	COM	704326107
WU	WESTERN UN CO	595,000	$10.18M	1.0%	$17.11	—	COM	959802109
—	WEIGHT WATCHERS INTL INC NEW	216,500	$9.959M	1.0%	$46.00	—	COM	948626106
MCHP	MICROCHIP TECHNOLOGY INC	258,000	$9.611M	1.0%	$13.83	0.0%	COM	595017104
PCAR	PACCAR INC	169,050	$9.071M	0.9%	$21.67	0.0%	COM	693718108
TTC	TORO CO	195,600	$8.882M	0.9%	$23.03	0.0%	COM	891092108
ROL	ROLLINS INC	339,850	$8.802M	0.9%	$6.04	0.0%	COM	775711104
APH	AMPHENOL CORP NEW	112,900	$8.799M	0.9%	$8.50	0.0%	CL A	032095101
GGG	GRACO INC	137,350	$8.682M	0.9%	$16.98	0.0%	COM	384109104
MKC	MCCORMICK & CO INC	123,300	$8.675M	0.9%	$28.19	0.0%	COM NON VTG	579780206
QCOM	QUALCOMM INC	140,850	$8.605M	0.9%	$45.06	0.0%	COM	747525103
PSX	PHILLIPS 66	143,100	$8.43M	0.8%	$40.44	0.0%	COM	718546104
AME	AMETEK INC NEW	192,600	$8.147M	0.8%	$38.40	0.0%	COM	031100100
—	BARD C R INC	74,300	$8.075M	0.8%	$108.68	—	COM	067383109
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	126,750	$7.94M	0.8%	$29.46	0.0%	CL A	192446102
NEU	NEWMARKET CORP	29,825	$7.831M	0.8%	$215.14	0.0%	COM	651587107
—	GNC HLGDS INC	175,000	$7.737M	0.8%	$44.21	—	COM CL A	36191G107
CLX	CLOROX CO DEL	87,600	$7.283M	0.7%	$60.00	0.0%	COM	189054109
CPRT	COPART INC	235,500	$7.253M	0.7%	$4.25	0.0%	COM	217204106
RPM	RPM INTL INC	225,800	$7.212M	0.7%	$32.11	0.0%	COM	749685103
RSG	REPUBLIC SVCS INC	203,900	$6.92M	0.7%	$26.37	0.0%	COM	760759100
IBM	INTERNATIONAL BUSINESS MACHS	34,475	$6.589M	0.7%	$118.94	0.0%	COM	459200101
DHR	DANAHER CORP DEL	103,155	$6.53M	0.6%	$25.01	0.0%	COM	235851102
COP	CONOCOPHILLIPS	107,650	$6.513M	0.6%	$39.96	0.0%	COM	20825C104
RRC	RANGE RES CORP	83,685	$6.471M	0.6%	$76.33	0.0%	COM	75281A109
—	FAMILY DLR STORES IINC	100,000	$6.231M	0.6%	$62.31	—	COM	307000109
BKE	BUCKLE INC	118,100	$6.144M	0.6%	$15.19	0.0%	COM	118440106
—	HCC INS HLDGS INC	141,400	$6.096M	0.6%	$43.11	—	COM	404132102
—	UNICO AMERN CORP	472,945	$6.096M	0.6%	$12.89	—	COM	904607108
CBRL	CRACKER BARREL OLD CTRY STOR	63,400	$6.001M	0.6%	$50.99	0.0%	COM	22410J106
DVN	DEVON ENERGY CORP NEW	115,000	$5.966M	0.6%	$37.00	0.0%	COM	25179M103
—	LABORATORY CORP AMER HLDGS	58,420	$5.848M	0.6%	$100.10	—	COM NEW	50540R409
TDC	TERADATA CORP DEL	115,500	$5.802M	0.6%	$53.87	0.0%	COM	88076W103
—	EMC CORP MASS	244,000	$5.763M	0.6%	$23.62	—	COM	268648102
CL	COLGATE PALMOLIVE CO	100,000	$5.729M	0.6%	$44.38	0.0%	COM	194162103
GLD	SPDR GOLD TRUST	47,765	$5.689M	0.6%	$119.10	—	GOLD SHS	78463V107
—	CHICOS FAS INC	329,900	$5.628M	0.6%	$17.06	—	COM	168615102
RGA	REINSURANCE GROUP AMER INC	80,000	$5.529M	0.6%	$63.27	0.0%	COM NEW	759351604
—	ALLEGHANY	13,702	$5.252M	0.5%	$383.30	—	COM	017175100
FLR	FLUOR CORP NEW	85,000	$5.041M	0.5%	$53.56	0.0%	COM	343412102
FHI	FEDERATED INVS INC PA	178,800	$4.901M	0.5%	$14.54	0.0%	CL B	314211103
—	APOLLO GROUP INC	270,000	$4.784M	0.5%	$17.72	—	CL A	037604105
CROX	CROCS INC	275,000	$4.538M	0.5%	$16.21	0.0%	COM	227046109
—	HEWLETT-PACKARD CO	182,350	$4.522M	0.4%	$24.80	—	COM	428236103
OXY	OCCIDENTAL PETE CORP DEL	50,300	$4.488M	0.4%	$57.83	0.0%	COM	674599105
SCL	STEPAN CO	80,000	$4.449M	0.4%	$56.48	0.0%	COM	858586100
DCI	DONALDSON INC	122,800	$4.379M	0.4%	$29.49	0.0%	COM	257651109
—	ALTERA CORP	132,300	$4.365M	0.4%	$32.99	—	COM	021441100
FLS	FLOWSERVE CORP	78,000	$4.213M	0.4%	$43.03	0.0%	COM	34354P105
FMC	FMC CORP	68,000	$4.152M	0.4%	$40.72	0.0%	COM NEW	302491303
PHM	PULTE GROUP INC	203,800	$3.866M	0.4%	$17.74	0.0%	COM	745867101
—	PATTERSON COMPANIES INC	100,000	$3.76M	0.4%	$37.60	—	COM	703395103
AMGN	AMGEN INC	37,225	$3.673M	0.4%	$73.34	0.0%	COM	031162100
—	PRECISION CASTPARTS CORP	15,500	$3.503M	0.3%	$226.00	—	COM	740189105
—	GENERAL CABLE CORP DEL NEW	112,135	$3.448M	0.3%	$30.75	—	COM	369300108
GPC	GENUINE PARTS CO	41,955	$3.275M	0.3%	$54.12	0.0%	COM	372460105
MTD	METTLER TOLEDO INTERNATIONAL	16,000	$3.219M	0.3%	$212.95	0.0%	COM	592688105
—	TIDEWATER INC	55,000	$3.133M	0.3%	$56.96	—	COM	886423102
—	CHESAPEAKE ENERGY CORP	144,300	$2.941M	0.3%	$20.38	—	COM	165167107
VFC	VF CORP	15,000	$2.896M	0.3%	$42.45	0.0%	COM	918204108
—	BIGLARI HLGS INC	7,000	$2.873M	0.3%	$410.43	—	COM	08986R101
THO	THOR INDS INC	56,050	$2.757M	0.3%	$31.55	0.0%	COM	885160101
AVT	AVNET INC	80,000	$2.688M	0.3%	$25.70	0.0%	COM	053807103
WAT	WATERS CORP	26,000	$2.601M	0.3%	$95.76	0.0%	COM	941848103
ABBV	ABBVIE INC	61,805	$2.555M	0.3%	$26.55	0.0%	COM	00287Y109
AAP	ADVANCE AUTO PARTS INC	30,000	$2.435M	0.2%	$72.11	0.0%	COM	00751Y106
—	OUTERWALL INC.	38,800	$2.277M	0.2%	$58.69	—	COM	690070107
ZBRA	ZEBRA TECHNOLOGIES CORP	51,800	$2.25M	0.2%	$45.53	0.0%	CL A	989207105
—	PEABODY ENERGY CORP	150,000	$2.196M	0.2%	$14.64	—	COM	704549104
SEIC	SEI INVESTMENTS CO	74,800	$2.127M	0.2%	$24.76	0.0%	COM	784117103
KW	KENNEDY-WILSON HLDGS INC	125,000	$2.08M	0.2%	$16.59	0.0%	COM	489398107
—	JOY GLOBAL INC	42,150	$2.046M	0.2%	$48.54	—	COM	481165108
—	QLOGIC CORP	206,550	$1.975M	0.2%	$9.56	—	COM	747277101
MSFT	MICROSOFT CORP	56,550	$1.954M	0.2%	$26.70	0.0%	COM	594918104
AAPL	APPLE INC	4,265	$1.691M	0.2%	$13.16	0.0%	COM	037833100
UPBD	RENT A CTR INC NEW	39,700	$1.491M	0.1%	$36.22	0.0%	COM	76009N100
CSCO	CISCO SYS INC	60,050	$1.461M	0.1%	$15.24	0.0%	COM	17275R102
—	ENSCO PLC	25,000	$1.453M	0.1%	$58.12	—	SPONSORED ADR	G3157S106
—	ENERGIZER HLDGS INC	12,700	$1.276M	0.1%	$100.47	—	COM	29266R108
—	LEUCADIA NATL CORP	47,900	$1.256M	0.1%	$26.22	—	COM	527288104
—	CIMAREX ENERGY CO	19,000	$1.235M	0.1%	$65.00	—	COM	171798101
—	RYLAND GROUP INC	30,000	$1.203M	0.1%	$40.10	—	COM	783764103
BRK/A	BERKSHIRE HATHAWAY INC DEL	7	$1.18M	0.1%	$165023.42	0.0%	CL A	084670108
PAAS	PAN AMERICAN SILVER CORP	100,000	$1.164M	0.1%	$12.75	0.0%	COM	697900108
—	DIEBOLD INC	33,450	$1.127M	0.1%	$33.69	—	COM	253651103
NEM	NEWMONT MINING CORP	35,000	$1.048M	0.1%	$25.34	0.0%	COM	651639106
—	NATIONAL OILWELL VARCO	15,000	$1.034M	0.1%	$68.93	—	COM	637071101
BDX	BECTON DICKINSON & CO.	10,000	$988K	0.1%	$78.11	0.0%	COM	075887109
—	BAKER HUGHES INC	20,000	$923K	0.1%	$46.15	—	COM	057224107
EXPD	EXPEDITORS INTL WASH INC	24,200	$921K	0.1%	$31.69	0.0%	COM	302130109
WTM	WHITE MNTS INS GROUP LTD	1,500	$862K	0.1%	$583.58	0.0%	COM	G9618E107
—	INGRAM MICRO INC	45,000	$855K	0.1%	$19.00	—	CL A	457153104
TM	TOYOTA MOTOR CORP	7,000	$845K	0.1%	$120.71	—	SP ADR REP2COM	892331307
ORCL	ORACLE CORP	27,000	$829K	0.1%	$27.58	0.0%	COM	68389X105
—	ALLIANT TECHSYSTEMS INC	10,000	$823K	0.1%	$82.30	—	COM	018804104
—	FLIR SYS INC	30,500	$823K	0.1%	$26.98	—	COM	302445101
C	CITIGROUP INC	17,000	$815K	0.1%	$35.76	0.0%	COM NEW	172967424
—	ACE LTD	9,100	$814K	0.1%	$89.45	—	SHS	H0023R105
BSV	VANGUARD BD INDEX FD INC	10,050	$805K	0.1%	$80.10	—	SHORT TRM BD	921937827
ARW	ARROW ELECTRS INC	20,000	$797K	0.1%	$38.94	0.0%	COM	042735100
BRK/B	BERKSHIRE HATHAWAY INC DEL	6,900	$772K	0.1%	$110.02	0.0%	CL B NEW	084670702
WMT	WAL MART STORES INC	10,300	$767K	0.1%	$19.98	0.0%	COM	931142103
—	PICO HLDGS INC	36,000	$755K	0.1%	$20.97	—	COM NEW	693366205
DEO	DIAGEO P L C	6,500	$747K	0.1%	$114.92	—	SPON ADR NEW	25243Q205
JNJ	JOHNSON & JOHNSON	8,705	$747K	0.1%	$59.66	0.0%	COM	478160104
DE	DEERE & CO	9,150	$743K	0.1%	$68.04	0.0%	COM	244199105
SIEGY	SIEMENS A G	7,000	$709K	0.1%	$101.29	—	SPONSORED ADR	826197501
—	BARRICK GOLD CORP	45,000	$708K	0.1%	$15.73	—	COM	067901108
IFF	INTERNATIONAL FLAVORS & FRAGRA	9,000	$676K	0.1%	$58.18	0.0%	COM	459506101
—	CARBO CERAMICS INC	10,000	$674K	0.1%	$67.40	—	COM	140781105
—	ATRION CORP	3,057	$669K	0.1%	$218.84	—	COM	049904105
—	SHIRE PLC	7,000	$666K	0.1%	$95.14	—	SPONSORED ADR	82481R106
—	CLOUD PEAK ENERGY INC	40,000	$659K	0.1%	$16.48	—	COM	18911Q102
—	ADTRAN INC	25,000	$616K	0.1%	$24.64	—	COM	00738A106
—	LEXMARK INTL NEW	20,000	$611K	0.1%	$30.55	—	CL A	529771107
EME	EMCOR GROUP INC	15,000	$610K	0.1%	$36.90	0.0%	COM	29084Q100
—	VALIDUS HOLDINGS LTD	16,800	$607K	0.1%	$36.13	—	COM SHS	G9319H102
BP	BP PLC	14,000	$584K	0.1%	$41.71	—	SPONSORED ADR	055622104
—	HORSEHEAD HLDG CORP	45,000	$576K	0.1%	$12.80	—	COM	440694305
FUL	FULLER HB CO	15,000	$567K	0.1%	$33.69	0.0%	COM	359694106
CNQ	CANADIAN NAT RES LTD	20,000	$565K	0.1%	$8.76	0.0%	COM	136385101
ABBNY	ABB LTD	25,000	$542K	0.1%	$21.68	—	SPONSORED ADR	000375204
—	JOS A BANK CLOTHIERS INC	12,400	$512K	0.1%	$41.29	—	COM	480838101
PGR	PROGRESSIVE CORP OHIO	20,000	$508K	0.1%	$17.04	0.0%	COM	743315103
PHG	KONINKLIJKE PHILIPS ELECTRS	18,023	$490K	0.0%	$27.19	—	NY REG SH NEW	500472303
CNI	CANADIAN NATL RY CO	5,000	$486K	0.0%	$39.40	0.0%	COM	136375102
—	CUBIC CORP	10,000	$481K	0.0%	$48.10	—	COM	229669106
WKC	WORLD FUEL SVCS CORP	12,000	$480K	0.0%	$39.79	0.0%	COM	981475106
—	SOUTHWESTERN ENERGY CO	13,000	$475K	0.0%	$36.54	—	COM	845467109
BR	BROADRIDGE FINL SOLUTIONS IN	17,800	$473K	0.0%	$20.36	0.0%	COM	11133T103
MATW	MATTHEWS INTL CORP	12,500	$471K	0.0%	$27.75	0.0%	CL A	577128101
—	ORITANI FINL CORP DEL	30,000	$470K	0.0%	$15.67	—	COM	68633D103
CSX	CSX CORP	20,000	$464K	0.0%	$6.66	0.0%	COM	126408103
—	MANTECH INTL CORP	17,500	$457K	0.0%	$26.11	—	CL A	564563104
MCD	MCDONALDS CORP	4,500	$446K	0.0%	$71.80	0.0%	COM	580135101
—	RIMAGE CORP	53,200	$443K	0.0%	$8.33	—	COM	766721104
PEP	PEPSICO INC	5,340	$437K	0.0%	$56.00	0.0%	COM	713448108
PTEN	PATTERSON UTI ENERGY INC	22,000	$426K	0.0%	$21.83	0.0%	COM	703481101
—	ROSETTA RESOURCES INC	10,000	$425K	0.0%	$42.50	—	COM	777779307
—	BROOKFIELD RESIDENTIAL PPTYS	19,000	$419K	0.0%	$22.05	—	COM	11283W104
HRB	BLOCK H & R INC	15,000	$416K	0.0%	$18.18	0.0%	COM	093671105
—	FOREST OIL CORP	100,000	$409K	0.0%	$4.09	—	COM PAR $.01	346091705
BHP	BHP BILLITON LTD	7,000	$404K	0.0%	$57.71	—	SPONSORED ADR	088606108
—	SYSTEMAX INC	42,878	$403K	0.0%	$9.40	—	COM	871851101
—	MINDRAY MEDICAL INTL LTD	10,500	$393K	0.0%	$37.43	—	SPON ADR	602675100
LPL	LG DISPLAY CO LTD	33,000	$392K	0.0%	$11.88	—	SPONS ADR REP	50186V102
—	SYNGENTA AG	5,000	$389K	0.0%	$77.80	—	SPONSORED ADR	87160A100
HDSN	HUDSON TECHNOLOGIES INC	120,000	$383K	0.0%	$3.65	0.0%	COM	444144109
—	EXCO RESOURCES INC.	50,000	$382K	0.0%	$7.64	—	COM	269279402
—	ROCKWELL COLLINS INC	5,900	$374K	0.0%	$63.39	—	COM	774341101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	20,000	$366K	0.0%	$18.30	—	SPONSORED ADR	874039100
—	NEWFIELD EXPL CORP	15,000	$358K	0.0%	$23.87	—	COM	651290108
—	GENERAL ELECTRIC	13,650	$317K	0.0%	$23.22	—	COM	369604103
—	FIRSTFED FINL CORP NEW	17,020	$315K	0.0%	$18.51	—	SHS	31429C101
—	ATWOOD OCEANICS INC	6,000	$312K	0.0%	$52.00	—	COM	050095108
SM	SM ENERGY CO	5,000	$300K	0.0%	$54.11	0.0%	COM	78454L100
ADP	AUTOMATIC DATA PROCESSING IN	4,290	$295K	0.0%	$45.09	0.0%	COM	053015103
—	ICONIX BRAND GROUP INC	10,000	$294K	0.0%	$29.40	—	COM	451055107
BIV	VANGUARD BD INDEX FD INC	3,500	$292K	0.0%	$83.43	—	INTERMED TERM	921937819
—	HIBBETT SPORTS INC	5,150	$286K	0.0%	$55.53	—	COM	428567101
MKL	MARKEL CORP	500	$263K	0.0%	$523.59	0.0%	COM	570535104
—	ROWAN COMPANIES PLC	7,500	$256K	0.0%	$34.13	—	SHS CL A	G7665A101
KSS	KOHLS CORP	5,000	$253K	0.0%	$49.51	0.0%	COM	500255104
—	APACHE CORP	3,000	$251K	0.0%	$83.67	—	COM	037411105
HP	HELMERICH & PAYNE INC	4,000	$250K	0.0%	$61.57	0.0%	COM	423452101
—	VIEWPOINT FINL GROUP INC MD	10,981	$229K	0.0%	$20.85	—	COM	92672A101
—	HCP INC	5,000	$227K	0.0%	$45.40	—	COM	40414L109
—	SPIRIT AEROSYSTEMS HLDGS INC	10,000	$215K	0.0%	$21.50	—	COM CL A	848574109
JOE	ST JOE CO	10,000	$211K	0.0%	$20.21	0.0%	COM	790148100
—	DIAMOND OFFSHORE DRILLING IN	3,050	$210K	0.0%	$68.85	—	COM	25271C102
SIG	SIGNET JEWELERS LIMITED	3,000	$202K	0.0%	$54.92	0.0%	SHS	G81276100
LOGI	LOGITECH INTL S A	20,000	$141K	0.0%	$5.35	0.0%	SHS	H50430232
KGC	KINROSS GOLD CORP	20,000	$102K	0.0%	$5.82	0.0%	COM NO PAR	496902404
—	STANLEY FURNITURE CO INC	22,100	$88,000	0.0%	$3.98	—	COM NEW	854305208