Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	1,651,617	$56.39M	2.6%	$28.40	+4.5%	COM NEW	16411R208
ET	ENERGY TRANSFER EQUITY L P	848,704	$55.83M	2.5%	$59.89	—	COM UT LTD PTN	29273V100
—	SPECTRA ENERGY CORP	1,593,615	$54.55M	2.5%	$34.44	—	COM	847560109
—	NATIONAL GRID PLC	911,698	$53.84M	2.4%	$56.80	—	SPON ADR NEW	636274300
KMI	KINDER MORGAN INC DEL	1,511,225	$53.75M	2.4%	$20.60	-2.0%	COM	49456B101
—	TRANSCANADA CORP	1,214,827	$53.38M	2.4%	$43.17	—	COM	89353D107
SRE	SEMPRA ENERGY	619,440	$53.02M	2.4%	$27.65	+4.8%	COM	816851109
D	DOMINION RES INC VA NEW	845,596	$52.83M	2.4%	$34.63	+2.0%	COM	25746U109
ENB	ENBRIDGE INC	1,245,348	$51.98M	2.4%	$23.20	-4.5%	COM	29250N105
WMB	WILLIAMS COS INC DEL	1,343,825	$48.86M	2.2%	$18.03	-1.7%	COM	969457100
OKE	ONEOK INC NEW	916,315	$48.86M	2.2%	$19.78	+6.1%	COM	682680103
NI	NISOURCE INC	1,348,631	$41.66M	1.9%	$7.84	+2.8%	COM	65473P105
—	AGL RES INC	681,416	$31.37M	1.4%	$43.05	—	COM	001204106
PCG	PG&E CORP	747,799	$30.6M	1.4%	$38.80	-4.7%	COM	69331C108
ATO	ATMOS ENERGY CORP	652,262	$27.78M	1.3%	$31.05	-0.1%	COM	049560105
CNP	CENTERPOINT ENERGY INC	1,104,226	$26.47M	1.2%	$15.29	+1.0%	COM	15189T107
NFG	NATIONAL FUEL GAS CO N J	328,724	$22.6M	1.0%	$60.82	+6.9%	COM	636180101
PEG	PUBLIC SVC ENTERPRISE GROUP	664,790	$21.89M	1.0%	$21.67	-1.8%	COM	744573106
—	QUESTAR CORP	949,115	$21.35M	1.0%	$23.84	—	COM	748356102
ED	CONSOLIDATED EDISON INC	331,886	$18.3M	0.8%	$37.43	-2.8%	COM	209115104
—	PIEDMONT NAT GAS INC	522,566	$17.18M	0.8%	$33.70	—	COM	720186105
SWX	SOUTHWEST GAS CORP	306,423	$15.32M	0.7%	$48.71	-0.4%	COM	844895102
—	INTEGRYS ENERGY GROUP INC	273,988	$15.31M	0.7%	$58.36	—	COM	45822P105
GNW	GENWORTH FINL INC	1,132,300	$14.48M	0.7%	$11.48	+9.2%	COM CL A	37247D106
CMS	CMS ENERGY CORP	539,148	$14.19M	0.6%	$19.06	-2.3%	COM	125896100
LAD	LITHIA MTRS INC	192,800	$14.07M	0.6%	$57.09	+14.5%	CL A	536797103
PPL	PPL CORP	455,035	$13.82M	0.6%	$16.43	+0.1%	COM	69351T106
—	WGL HLDGS INC	306,487	$13.09M	0.6%	$43.22	—	COM	92924F106
MDU	MDU RES GROUP INC	449,607	$12.58M	0.6%	$6.62	+9.7%	COM	552690109
CAR	AVIS BUDGET GROUP	416,600	$12.01M	0.5%	$28.48	-0.3%	COM	053774105
DTE	DTE ENERGY CO	180,454	$11.91M	0.5%	$38.29	-0.6%	COM	233331107
BC	BRUNSWICK CORP	285,000	$11.37M	0.5%	$28.93	+5.6%	COM	117043109
INTC	INTEL CORP	463,850	$10.63M	0.5%	$17.18	-1.6%	COM	458140100
DAL	DELTA AIR LINES INC DEL	443,600	$10.46M	0.5%	$14.99	+20.4%	COM NEW	247361702
—	NATIONSTAR MTG HLDGS INC	185,000	$10.4M	0.5%	$37.74	—	COM	63861C109
XEL	XCEL ENERGY INC	368,899	$10.19M	0.5%	$19.76	-3.3%	COM	98389B100
—	DU PONT E I DE NEMOURS & CO	170,600	$9.99M	0.5%	$52.50	—	COM	263534109
BKU	BANKUNITED INC	320,000	$9.981M	0.5%	$17.74	+16.6%	COM	06652K103
ECPG	ENCORE CAP GROUP INC	215,000	$9.86M	0.4%	$31.92	+27.0%	COM	292554102
—	OCWEN FINL CORP	175,000	$9.76M	0.4%	$42.30	—	COM NEW	675746309
EXC	EXELON CORP	328,381	$9.733M	0.4%	$15.32	-8.4%	COM	30161N101
—	LACLEDE GROUP INC	214,833	$9.667M	0.4%	$45.54	—	COM	505597104
AIG	AMERICAN INTL GROUP INC	197,900	$9.624M	0.4%	$32.60	+10.5%	COM NEW	026874784
CVX	CHEVRON CORP NEW	78,800	$9.574M	0.4%	$71.49	+2.2%	COM	166764100
BANR	BANNER CORP	250,000	$9.54M	0.4%	$22.82	+7.7%	COM NEW	06652V208
NJR	NEW JERSEY RES	215,142	$9.477M	0.4%	$14.84	-2.2%	COM	646025106
MRK	MERCK & CO INC NEW	190,300	$9.06M	0.4%	$30.02	+3.2%	COM	58933Y105
PFE	PFIZER INC	306,050	$8.787M	0.4%	$16.46	-0.6%	COM	717081103
EQT	EQT CORP	98,960	$8.78M	0.4%	$37.67	+12.9%	COM	26884L109
—	WALTER INVT MGMT CORP	220,000	$8.699M	0.4%	$34.93	—	COM	93317W102
—	SOUTH JERSEY INDS INC	148,485	$8.698M	0.4%	$57.41	—	COM	838518108
VZ	VERIZON COMMUNICATIONS INC	185,800	$8.669M	0.4%	$27.04	-3.4%	COM	92343V104
MTG	MGIC INVT CORP WIS	1,187,000	$8.641M	0.4%	$5.72	+24.1%	COM	552848103
MCHB	HOMESTREET INC	445,000	$8.589M	0.4%	$21.71	-3.9%	COM	43785V102
T	AT&T INC	246,750	$8.345M	0.4%	$11.37	-3.6%	COM	00206R102
BPOP	POPULAR INC	315,000	$8.262M	0.4%	$22.24	+6.7%	COM NEW	733174700
MCD	MCDONALDS CORP	85,850	$8.26M	0.4%	$71.51	-1.4%	COM	580135101
—	STERLING FINL CORP WASH	285,000	$8.165M	0.4%	$23.78	—	COM NEW	859319303
—	SCANA CORP NEW	176,466	$8.124M	0.4%	$48.71	—	COM	80589M102
RDN	RADIAN GROUP INC	580,000	$8.079M	0.4%	$10.23	+7.8%	COM	750236101
—	PHH CORP	335,000	$7.953M	0.4%	$20.98	—	COM NEW	693320202
—	ASTORIA FINL CORP	635,000	$7.899M	0.4%	$11.04	—	COM	046265104
—	SYNOVUS FINL CORP	2,330,000	$7.689M	0.3%	$2.94	—	COM	87161C105
—	FLAGSTAR BANCORP INC	520,000	$7.675M	0.3%	$13.98	—	COM PAR .001	337930705
WTFC	WINTRUST FINL CORP	185,000	$7.598M	0.3%	$38.76	+4.9%	COM	97650W108
FFIC	FLUSHING FINL CORP	410,000	$7.565M	0.3%	$9.38	+16.1%	COM	343873105
—	NORTHSTAR RLTY FIN CORP	780,000	$7.238M	0.3%	$9.13	—	COM	66704R100
—	ENERGEN CORP	94,492	$7.218M	0.3%	$52.26	—	COM	29265N108
—	NORTHWEST NAT GAS CO	171,564	$7.202M	0.3%	$42.45	—	COM	667655104
—	WISCONSIN ENERGY CORP	177,460	$7.166M	0.3%	$40.95	—	COM	976657106
—	GENERAL ELECTRIC CO	296,400	$7.081M	0.3%	$23.22	—	COM	369604103
—	VECTREN CORP	208,916	$6.967M	0.3%	$33.83	—	COM	92240G101
—	SUNPOWER CORP	258,900	$6.773M	0.3%	$26.16	—	COM	867652406
—	SKECHERS U S A INC	217,200	$6.757M	0.3%	$31.11	—	CL A	830566105
DUK	DUKE ENERGY CORP NEW	100,837	$6.734M	0.3%	$41.81	-2.3%	COM NEW	26441C204
—	SWIFT TRANSN CO	332,100	$6.705M	0.3%	$20.19	—	CL A	87074U101
UHS	UNIVERSAL HLTH SVCS INC	88,700	$6.652M	0.3%	$66.39	0.0%	CL B	913903100
—	OMNICARE INC	119,700	$6.643M	0.3%	$55.50	—	COM	681904108
OSK	OSHKOSH CORP	135,500	$6.637M	0.3%	$36.85	0.0%	COM	688239201
WEN	WENDYS CO	778,000	$6.597M	0.3%	$7.50	0.0%	COM	95058W100
—	AMERICAN EQTY INVT LIFE HLD	310,400	$6.587M	0.3%	$21.22	—	COM	025676206
HII	HUNTINGTON INGALLS INDS INC	97,700	$6.585M	0.3%	$51.34	0.0%	COM	446413106
PPC	PILGRIMS PRIDE CORP NEW	392,200	$6.585M	0.3%	$16.49	0.0%	COM	72147K108
—	COMPUTER SCIENCES CORP	127,200	$6.581M	0.3%	$51.74	—	COM	205363104
JNJ	JOHNSON & JOHNSON	75,900	$6.58M	0.3%	$59.66	+6.5%	COM	478160104
VC	VISTEON CORP	86,900	$6.573M	0.3%	$40.07	0.0%	COM NEW	92839U206
HIFS	HINGHAM INSTN SVGS MASS	94,000	$6.572M	0.3%	$55.69	+6.5%	COM	433323102
—	TENNECO INC	129,800	$6.555M	0.3%	$50.50	—	COM	880349105
GT	GOODYEAR TIRE & RUBR CO	291,600	$6.546M	0.3%	$19.14	0.0%	COM	382550101
CBRL	CRACKER BARREL OLD CTRY STORE	63,400	$6.545M	0.3%	$59.07	0.0%	COM	22410J106
—	ALLIANT TECHSYSTEMS INC	67,000	$6.537M	0.3%	$97.57	—	COM	018804104
LEA	LEAR CORP	91,100	$6.52M	0.3%	$56.05	0.0%	COM NEW	521865204
—	ITT CORP NEW	181,100	$6.511M	0.3%	$35.95	—	COM	450911201
CIEN	CIENA CORP	260,500	$6.507M	0.3%	$22.53	0.0%	COM NEW	171779309
—	HANESBRANDS INC	104,300	$6.499M	0.3%	$62.31	—	COM	410345102
DCH	AMERICAN AXLE & MFG HLDGS INC	329,300	$6.494M	0.3%	$19.72	0.0%	COM	024061103
—	AMTRUST FINL SVCS INC	166,100	$6.488M	0.3%	$39.06	—	COM	032359309
—	SAFEWAY INC	202,500	$6.478M	0.3%	$31.99	—	COM NEW	786514208
FLO	FLOWERS FOODS INC	300,300	$6.438M	0.3%	$14.27	0.0%	COM	343498101
UGI	UGI CORP NEW	164,435	$6.434M	0.3%	$26.32	+1.8%	COM NEW	902681105
ALK	ALASKA AIR GROUP INC	102,600	$6.425M	0.3%	$26.91	0.0%	COM	011659109
—	URS CORP NEW	118,900	$6.391M	0.3%	$53.75	—	COM	903236107
—	FIFTH & PAC COS INC	253,500	$6.37M	0.3%	$22.34	—	COM	316645100
—	KKR FINL HLDGS LLC	610,000	$6.301M	0.3%	$10.53	—	COM	48248A306
FBP	FIRST BANCORP P R	1,105,000	$6.276M	0.3%	$5.11	+12.9%	COM NEW	318672706
LMT	LOCKHEED MARTIN CORP	47,500	$6.059M	0.3%	$71.65	+20.1%	COM	539830109
—	RAYTHEON CO	77,000	$5.934M	0.3%	$66.12	—	COM NEW	755111507
PG	PROCTER & GAMBLE CO	77,400	$5.851M	0.3%	$55.00	+2.2%	COM	742718109
TBBK	BANCORP INC DEL	330,000	$5.848M	0.3%	$14.96	+8.4%	COM	05969A105
MBI	MBIA INC	570,000	$5.831M	0.3%	$5.48	+0.2%	COM	55262C100
DXPE	DXP ENTERPRISES INC NEW	71,800	$5.67M	0.3%	$64.23	+9.9%	COM NEW	233377407
PMT	PENNYMAC MTG INVT TR	250,000	$5.67M	0.3%	$21.27	—	COM	70931T103
—	CABELAS INC	89,800	$5.66M	0.3%	$64.76	—	COM	126804301
BRK/A	BERKSHIRE HATHAWAY INC	33	$5.624M	0.3%	$173021.84	0.0%	CL A	084670108
—	CAPITALSOURCE INC	470,000	$5.584M	0.3%	$9.38	—	COM	14055X102
WAFD	WASHINGTON FED INC	270,000	$5.584M	0.3%	$13.59	+10.4%	COM	938824109
GD	GENERAL DYNAMICS CORP	62,800	$5.496M	0.2%	$56.44	+15.0%	COM	369550108
WFC	WELLS FARGO & CO NEW	133,000	$5.496M	0.2%	$27.68	+9.1%	COM	949746101
LII	LENNOX INTL INC	72,900	$5.486M	0.2%	$54.01	+12.6%	COM	526107107
PZZA	PAPA JOHNS INTL INC	78,500	$5.486M	0.2%	$25.09	+8.3%	COM	698813102
—	CIGNA CORPORATION	70,900	$5.449M	0.2%	$72.50	—	COM	125509109
—	STEELCASE INC	324,600	$5.395M	0.2%	$14.58	—	CL A	858155203
UNF	UNIFIRST CORP MASS	51,400	$5.367M	0.2%	$88.55	+6.1%	COM	904708104
LOW	LOWES COS INC	110,600	$5.266M	0.2%	$32.16	+13.2%	COM	548661107
—	NORTHEAST UTILS	127,475	$5.258M	0.2%	$42.02	—	COM	664397106
STC	STEWART INFORMATION SVCS CORP	163,800	$5.24M	0.2%	$27.19	+12.5%	COM	860372101
—	RAIT FINANCIAL TRUST	740,000	$5.239M	0.2%	$7.51	—	COM NEW	749227609
—	JARDEN CORP	108,200	$5.237M	0.2%	$43.75	—	COM	471109108
MHK	MOHAWK INDS INC	40,200	$5.236M	0.2%	$112.71	+8.2%	COM	608190104
KBH	KB HOME	290,000	$5.226M	0.2%	$19.18	-20.2%	COM	48666K109
TRS	TRIMAS CORP	139,100	$5.188M	0.2%	$25.45	+17.0%	COM NEW	896215209
—	UIL HLDG CORP	139,433	$5.184M	0.2%	$38.25	—	COM	902748102
—	MWI VETERINARY SUPPLY INC	34,600	$5.168M	0.2%	$123.25	—	COM	55402X105
WOR	WORTHINGTON INDS INC	149,400	$5.144M	0.2%	$20.24	+5.8%	COM	981811102
APOG	APOGEE ENTERPRISES INC	173,037	$5.136M	0.2%	$20.74	+6.6%	COM	037598109
TTC	TORO CO	94,500	$5.136M	0.2%	$23.03	+10.3%	COM	891092108
SCI	SERVICE CORP INTL	275,600	$5.132M	0.2%	$17.02	+9.3%	COM	817565104
—	DREW INDS INC	112,600	$5.128M	0.2%	$39.32	—	COM NEW	26168L205
—	HOME LN SERVICING SOLUTIONS	230,000	$5.062M	0.2%	$23.97	—	ORD SHS	G6648D109
TRGP	TARGA RES CORP	69,000	$5.034M	0.2%	$37.51	+4.7%	COM	87612G101
COP	CONOCOPHILLIPS	71,700	$4.984M	0.2%	$39.96	+11.3%	COM	20825C104
—	HERTZ GLOBAL HOLDINGS INC	221,900	$4.917M	0.2%	$24.80	—	COM	42805T105
IOSP	INNOSPEC INC	105,200	$4.909M	0.2%	$35.20	+3.3%	COM	45768S105
GEL	GENESIS ENERGY L P	97,100	$4.862M	0.2%	$51.83	—	UNIT LTD PARTN	371927104
HD	HOME DEPOT INC	64,100	$4.862M	0.2%	$56.05	+3.2%	COM	437076102
JPM	JPMORGAN CHASE & CO.	92,850	$4.799M	0.2%	$36.24	+6.3%	COM	46625H100
AMWD	AMERICAN WOODMARK CORP	136,400	$4.726M	0.2%	$34.15	+4.8%	COM	030506109
AVY	AVERY DENNISON CORP	108,300	$4.713M	0.2%	$33.15	+4.6%	COM	053611109
MSFT	MICROSOFT CORP	140,300	$4.673M	0.2%	$26.70	+1.1%	COM	594918104
—	FORESTAR GROUP INC	215,000	$4.629M	0.2%	$20.06	—	COM	346233109
AEE	AMEREN CORP	129,890	$4.525M	0.2%	$23.27	+0.3%	COM	023608102
CSL	CARLISLE COS INC	63,700	$4.477M	0.2%	$55.89	+3.4%	COM	142339100
—	FIDELITY NATIONAL FINANCIAL	167,500	$4.456M	0.2%	$23.81	—	CL A	31620R105
EME	EMCOR GROUP INC	112,800	$4.414M	0.2%	$36.90	+3.6%	COM	29084Q100
PVH	PVH CORP	36,100	$4.285M	0.2%	$112.68	+11.9%	COM	693656100
FULT	FULTON FINL CORP PA	365,000	$4.263M	0.2%	$7.21	+8.2%	COM	360271100
TEX	TEREX CORP NEW	124,000	$4.166M	0.2%	$30.88	-1.8%	COM	880779103
—	BEACON ROOFING SUPPLY INC	112,600	$4.152M	0.2%	$37.88	—	COM	073685109
—	DISCOVER FINL SVCS	82,000	$4.144M	0.2%	$48.25	—	COM	254709108
COF	CAPITAL ONE FINL CORP	60,000	$4.124M	0.2%	$48.39	+11.5%	COM	14040H105
C	CITIGROUP INC	85,000	$4.123M	0.2%	$36.09	+4.2%	COM NEW	172967424
—	SUNTRUST BKS INC	127,000	$4.117M	0.2%	$31.74	—	COM	867914103
LLY	LILLY ELI & CO	81,000	$4.077M	0.2%	$42.21	-2.9%	COM	532457108
—	U S G CORP	142,200	$4.064M	0.2%	$23.05	—	COM NEW	903293405
FCX	FREEPORT-MCMORAN COPPER & GOLD	121,700	$4.026M	0.2%	$24.45	+5.0%	COM	35671D857
BAC	BANK OF AMERICA CORPORATION	291,000	$4.016M	0.2%	$10.18	+10.4%	COM	060505104
V	VISA INC	21,000	$4.013M	0.2%	$40.35	+4.9%	CL A	92826C839
SCL	STEPAN CO	69,400	$4.006M	0.2%	$56.48	+2.5%	COM	858586100
BKD	BROOKDALE SR LIVING INC	151,600	$3.987M	0.2%	$27.55	-0.5%	COM	112463104
—	SCHULMAN A INC	134,800	$3.971M	0.2%	$26.82	—	COM	808194104
DIN	DINEEQUITY INC	57,400	$3.961M	0.2%	$41.40	-2.0%	COM	254423106
PNC	PNC FINL SVCS GROUP INC	54,000	$3.912M	0.2%	$48.08	+6.8%	COM	693475105
CGIP	CELADON GROUP INC	209,100	$3.904M	0.2%	$18.16	+1.8%	COM	150838100
OCFC	OCEANFIRST FINL CORP	230,400	$3.896M	0.2%	$9.20	+19.2%	COM	675234108
—	CIT GROUP INC	79,000	$3.853M	0.2%	$47.21	—	COM NEW	125581801
—	CAPITAL BK FINL CORP	175,000	$3.841M	0.2%	$20.59	—	COM	139794101
MA	MASTERCARD INC	5,700	$3.835M	0.2%	$58.30	0.0%	CL A	57636Q104
—	TEAM INC	96,200	$3.824M	0.2%	$37.85	—	COM	878155100
MET	METLIFE INC	81,000	$3.803M	0.2%	$26.10	+10.3%	COM	59156R108
VMI	VALMONT INDS INC	27,200	$3.778M	0.2%	$146.58	-2.5%	COM	920253101
MS	MORGAN STANLEY	140,000	$3.773M	0.2%	$17.66	+11.2%	COM NEW	617446448
—	PIER 1 IMPORTS INC	192,400	$3.756M	0.2%	$23.49	—	COM	720279108
RF	REGIONS FINL CORP NEW	405,000	$3.75M	0.2%	$5.92	+10.5%	COM	7591EP100
—	CATAMARAN CORP	80,700	$3.708M	0.2%	$48.72	—	COM	148887102
NWE	NORTHWESTERN CORP	80,398	$3.611M	0.2%	$24.83	+2.5%	COM NEW	668074305
—	BLACKSTONE GROUP L P	145,000	$3.609M	0.2%	$21.06	—	COM UNIT LTD	09253U108
GDOT	GREEN DOT CORP	135,000	$3.555M	0.2%	$19.01	+21.6%	CL A	39304D102
FITB	FIFTH THIRD BANCORP	191,000	$3.446M	0.2%	$11.97	+4.2%	COM	316773100
—	EVERBANK FINL CORP	230,000	$3.445M	0.2%	$16.56	—	COM	29977G102
—	TECO ENERGY INC	206,736	$3.419M	0.2%	$17.10	—	COM	872375100
TRV	TRAVELERS COMPANIES INC	40,000	$3.391M	0.2%	$63.11	-0.5%	COM	89417E109
F	FORD MTR CO DEL	196,900	$3.322M	0.2%	$7.61	+18.6%	COM PAR $0.01	345370860
PRU	PRUDENTIAL FINL INC	42,000	$3.275M	0.1%	$41.47	+13.5%	COM	744320102
—	CALUMET SPECIALTY PRODS PTNRS	119,800	$3.269M	0.1%	$36.38	—	UT LTD PARTNER	131476103
BMY	BRISTOL MYERS SQUIBB CO	69,500	$3.216M	0.1%	$28.67	+1.9%	COM	110122108
—	TIME WARNER CABLE INC	28,400	$3.169M	0.1%	$112.46	—	COM	88732J207
PFS	PROVIDENT FINL SVCS INC	195,000	$3.161M	0.1%	$9.79	0.0%	COM	74386T105
—	UNITED FINANCIAL BANCORP INC	195,294	$3.158M	0.1%	$15.15	—	COM	91030T109
BKH	BLACK HILLS CORP	62,100	$3.096M	0.1%	$30.44	+7.4%	COM	092113109
—	INNERWORKINGS INC	313,265	$3.076M	0.1%	$10.85	—	COM	45773Y105
ADP	AUTOMATIC DATA PROCESSING INC	42,300	$3.062M	0.1%	$45.09	+7.2%	COM	053015103
—	DOW CHEM CO	78,700	$3.022M	0.1%	$32.17	—	COM	260543103
WSFS	WSFS FINL CORP	50,000	$3.013M	0.1%	$16.60	+20.6%	COM	929328102
—	ROCKVILLE FINL INC NEW	230,000	$2.99M	0.1%	$13.08	—	COM	774188106
—	KRAFT FOODS GROUP INC	56,534	$2.965M	0.1%	$55.88	—	COM	50076Q106
UPS	UNITED PARCEL SERVICE INC	32,100	$2.933M	0.1%	$55.38	+3.1%	CL B	911312106
GIS	GENERAL MLS INC	60,800	$2.914M	0.1%	$31.98	+2.9%	COM	370334104
WM	WASTE MGMT INC DEL	70,600	$2.912M	0.1%	$30.75	+4.1%	COM	94106L109
HBAN	HUNTINGTON BANCSHARES INC	350,000	$2.891M	0.1%	$4.69	+13.1%	COM	446150104
LNT	ALLIANT ENERGY CORP	57,654	$2.857M	0.1%	$16.89	+1.5%	COM	018802108
GS	GOLDMAN SACHS GROUP INC	18,000	$2.848M	0.1%	$121.24	+4.9%	COM	38141G104
NSC	NORFOLK SOUTHERN CORP	36,800	$2.846M	0.1%	$57.67	-1.2%	COM	655844108
—	INVESTORS BANCORP INC	130,000	$2.844M	0.1%	$21.31	—	COM	46146P102
—	GLAXOSMITHKLINE PLC	56,100	$2.815M	0.1%	$49.96	—	SPONSORED ADR	37733W105
PEP	PEPSICO INC	35,300	$2.806M	0.1%	$56.00	+1.4%	COM	713448108
—	HEARTLAND PMT SYS INC	70,000	$2.78M	0.1%	$37.25	—	COM	42235N108
—	AXIALL CORP	72,800	$2.751M	0.1%	$42.58	—	COM	05463D100
CPK	CHESAPEAKE UTILS CORP	52,068	$2.733M	0.1%	$27.09	+5.6%	COM	165303108
WDC	WESTERN DIGITAL CORP	43,000	$2.726M	0.1%	$35.69	+13.1%	COM	958102105
IP	INTL PAPER CO	60,500	$2.71M	0.1%	$25.91	+3.7%	COM	460146103
—	TOTAL S A	46,700	$2.705M	0.1%	$48.69	—	SPONSORED ADR	89151E109
KMB	KIMBERLY CLARK CORP	28,500	$2.685M	0.1%	$63.06	-3.1%	COM	494368103
NUE	NUCOR CORP	54,600	$2.676M	0.1%	$32.41	+6.6%	COM	670346105
NBHC	NATIONAL BK HLDGS CORP	130,000	$2.67M	0.1%	$15.78	0.0%	CL A	633707104
MO	ALTRIA GROUP INC	75,000	$2.576M	0.1%	$16.28	-0.7%	COM	02209S103
—	FIRST CONN BANCORP INC MD	175,000	$2.573M	0.1%	$13.92	—	COM	319850103
BA	BOEING CO	21,900	$2.573M	0.1%	$80.37	+13.9%	COM	097023105
—	KELLOGG CO	43,700	$2.567M	0.1%	$38.95	-0.3%	COM	487836108
CMA	COMERICA INC	65,000	$2.555M	0.1%	$27.00	0.0%	COM	200340107
—	VIACOM INC NEW	30,500	$2.549M	0.1%	$68.06	—	CL B	92553P201
SYY	SYSCO CORP	79,900	$2.543M	0.1%	$24.40	-1.7%	COM	871829107
SAN	BANCO SANTANDER SA	310,000	$2.533M	0.1%	$6.47	—	ADR	05964H105
PM	PHILIP MORRIS INTL INC	29,100	$2.52M	0.1%	$49.85	-5.0%	COM	718172109
CUBI	CUSTOMERS BANCORP INC	155,800	$2.508M	0.1%	$15.21	0.0%	COM	23204G100
KR	KROGER CO	61,700	$2.489M	0.1%	$13.44	+13.3%	COM	501044101
HSBC	HSBC HLDGS PLC	45,100	$2.447M	0.1%	$51.91	—	SPON ADR NEW	404280406
—	FIRST NIAGARA FINL GP INC	235,000	$2.437M	0.1%	$10.07	—	COM	33582V108
—	ROYAL DUTCH SHELL PLC	35,200	$2.424M	0.1%	$66.28	—	SPONSORED ADR	780259107
—	UNILEVER PLC	62,600	$2.415M	0.1%	$40.45	—	SPON ADR NEW	904767704
BP	BP PLC	57,300	$2.408M	0.1%	$41.75	—	SPONSORED ADR	055622104
DLTR	DOLLAR TREE INC	41,800	$2.389M	0.1%	$48.73	+10.8%	COM	256746108
—	UNILEVER N V	62,900	$2.373M	0.1%	$39.32	—	NY SHS NEW	904784709
CAG	CONAGRA FOODS INC	77,500	$2.351M	0.1%	$17.69	+0.4%	COM	205887102
—	PORTFOLIO RECOVERY ASSOCS INC	39,000	$2.338M	0.1%	$91.17	—	COM	73640Q105
HAL	HALLIBURTON CO	48,500	$2.335M	0.1%	$33.21	+12.4%	COM	406216101
—	TERRITORIAL BANCORP INC	105,000	$2.307M	0.1%	$22.61	—	COM	88145X108
WU	WESTERN UN CO	122,700	$2.29M	0.1%	$17.11	—	COM	959802109
HCA	HCA HOLDINGS INC	52,700	$2.253M	0.1%	$35.96	+1.0%	COM	40412C101
—	AMERICAN CAP LTD COM	160,000	$2.2M	0.1%	$12.67	—	COM	02503Y103
—	BED BATH & BEYOND INC	27,900	$2.158M	0.1%	$70.90	—	COM	075896100
UNH	UNITEDHEALTH GROUP INC	29,900	$2.141M	0.1%	$50.75	+15.5%	COM	91324P102
KLAC	KLA-TENCOR CORP	34,900	$2.124M	0.1%	$33.95	+8.2%	COM	482480100
PH	PARKER HANNIFIN CORP	19,500	$2.12M	0.1%	$75.97	+10.3%	COM	701094104
MMM	3M CO	17,600	$2.102M	0.1%	$61.26	+7.7%	COM	88579Y101
GAP	GAP INC DEL	51,600	$2.078M	0.1%	$26.00	+9.9%	COM	364760108
HP	HELMERICH & PAYNE INC	30,000	$2.069M	0.1%	$61.57	+7.2%	COM	423452101
PCAR	PACCAR INC	37,000	$2.059M	0.1%	$21.67	+8.2%	COM	693718108
AVA	AVISTA CORP	77,972	$2.058M	0.1%	$16.44	+0.8%	COM	05379B107
CMI	CUMMINS INC	15,400	$2.046M	0.1%	$81.53	+9.3%	COM	231021106
CAH	CARDINAL HEALTH INC	38,800	$2.023M	0.1%	$32.61	+11.9%	COM	14149Y108
FLR	FLUOR CORP NEW	28,500	$2.022M	0.1%	$53.56	+7.0%	COM	343412102
UNP	UNION PAC CORP	13,000	$2.019M	0.1%	$57.06	+5.4%	COM	907818108
USB	US BANCORP DEL	55,000	$2.012M	0.1%	$23.29	+4.5%	COM NEW	902973304
—	ARCELORMITTAL SA LUXEMBOURG	146,700	$2.005M	0.1%	$11.20	—	NY REGISTRY SH	03938L104
—	CENTURYLINK INC	62,300	$1.955M	0.1%	$35.35	—	COM	156700106
—	ROCKWELL COLLINS INC	28,700	$1.948M	0.1%	$63.41	—	COM	774341101
—	DIRECTV	32,500	$1.942M	0.1%	$61.61	—	COM	25490A309
KSS	KOHLS CORP	37,000	$1.915M	0.1%	$49.51	+5.5%	COM	500255104
AZO	AUTOZONE INC	4,500	$1.902M	0.1%	$427.95	0.0%	COM	053332102
—	MARATHON OIL CORP	53,800	$1.877M	0.1%	$34.58	—	COM	565849106
CPB	CAMPBELL SOUP CO	45,400	$1.848M	0.1%	$30.86	-0.7%	COM	134429109
AAP	ADVANCE AUTO PARTS INC	22,300	$1.844M	0.1%	$72.11	-1.1%	COM	00751Y106
—	TCF FINL CORP	125,000	$1.785M	0.1%	$14.18	—	COM	872275102
—	FAMILY DLR STORES INC	24,700	$1.779M	0.1%	$62.32	—	COM	307000109
KEY	KEYCORP NEW	155,000	$1.767M	0.1%	$6.48	+16.8%	COM	493267108
—	NORDSTROM INC	31,200	$1.753M	0.1%	$59.94	—	COM	655664100
—	FOOT LOCKER INC	49,900	$1.694M	0.1%	$35.14	—	COM	344849104
MPC	MARATHON PETE CORP	26,300	$1.692M	0.1%	$27.55	-11.5%	COM	56585A102
CF	CF INDS HLDGS INC	8,000	$1.687M	0.1%	$27.49	0.0%	COM	125269100
NEM	NEWMONT MINING CORP	58,600	$1.647M	0.1%	$25.34	-10.8%	COM	651639106
—	DR PEPPER SNAPPLE GROUP INC	36,600	$1.64M	0.1%	$45.94	—	COM	26138E109
BAX	BAXTER INTL INC	24,775	$1.627M	0.1%	$30.42	+2.1%	COM	071813109
XOM	EXXON MOBIL CORP	18,300	$1.575M	0.1%	$53.69	+0.9%	COM	30231G102
IBM	INTERNATIONAL BUSINESS MACHS	8,500	$1.574M	0.1%	$111.55	0.0%	COM	459200101
UTL	UNITIL CORP	53,523	$1.567M	0.1%	$29.17	+1.1%	COM	913259107
—	HEWLETT PACKARD CO	73,950	$1.551M	0.1%	$24.80	—	COM	428236103
DE	DEERE & CO	19,000	$1.546M	0.1%	$68.04	-3.1%	COM	244199105
—	GRAMERCY PPTY TR INC	370,000	$1.536M	0.1%	$4.50	—	COM	38489R100
CAT	CATERPILLAR INC DEL	18,400	$1.534M	0.1%	$61.55	+0.1%	COM	149123101
—	HOLLYFRONTIER CORP	35,900	$1.512M	0.1%	$42.78	—	COM	436106108
—	BROOKLINE BANCORP INC DEL	155,000	$1.459M	0.1%	$8.68	—	COM	11373M107
AAPL	APPLE INC	3,050	$1.454M	0.1%	$14.28	0.0%	COM	037833100
—	JOY GLOBAL INC	26,900	$1.373M	0.1%	$48.53	—	COM	481165108
IBCP	INDEPENDENT BANK CORP MICH	136,000	$1.36M	0.1%	$5.76	0.0%	COM NEW	453838609
FHN	FIRST HORIZON NATL CORP	120,000	$1.319M	0.1%	$7.41	+9.6%	COM	320517105
—	SUSQUEHANNA BANCSHARES INC	105,000	$1.318M	0.1%	$12.85	—	COM	869099101
MGEE	MGE ENERGY INC	24,017	$1.31M	0.1%	$27.48	+2.8%	COM	55277P104
—	PRIVATEBANCORP INC	61,000	$1.305M	0.1%	$21.21	—	COM	742962103
INDB	INDEPENDENT BANK CORP MASS	35,000	$1.25M	0.1%	$22.67	+14.1%	COM	453836108
—	DELTA NAT GAS INC	48,605	$1.074M	0.0%	$21.33	—	COM	247748106
—	PEPCO HOLDINGS INC	57,604	$1.063M	0.0%	$20.15	—	COM	713291102
OPY	OPPENHEIMER HLDGS INC	59,406	$1.056M	0.0%	$18.77	-2.4%	CL A NON VOTING	683797104
—	NV ENERGY INC	42,350	$1M	0.0%	$23.45	—	COM	67073Y106
—	UNS ENERGY CORP	16,880	$787K	0.0%	$44.74	—	COM	903119105
CSCO	CISCO SYS INC	27,350	$641K	0.0%	$15.24	+11.1%	COM	17275R102
RGCO	RGC RES INC	33,310	$614K	0.0%	$13.46	-6.1%	COM	74955L103
ETR	ENTERGY CORP NEW	9,400	$594K	0.0%	$20.11	0.0%	COM	29364G103
—	GAS NAT INC	49,943	$509K	0.0%	$10.27	—	COM	367204104
—	COWEN GROUP INC NEW	140,000	$483K	0.0%	$2.90	—	CL A	223622101
—	EMPIRE DIST ELEC CO	20,300	$440K	0.0%	$22.29	—	COM	291641108
AXP	AMERICAN EXPRESS CO	5,000	$378K	0.0%	$59.62	+6.1%	COM	025816109
PIPR	PIPER JAFFRAY COS	10,000	$343K	0.0%	$33.63	+0.2%	COM	724078100
—	CORNING NAT GAS CORP	15,135	$263K	0.0%	$16.85	—	COM	219381100
—	ALEXION PHARMACEUTICALS INC	2,130	$247K	0.0%	$115.96	—	COM	015351109
—	PRICELINE COM INC	240	$243K	0.0%	$1012.50	—	COM NEW	741503403
CRM	SALESFORCE COM INC	4,650	$241K	0.0%	$44.85	0.0%	COM	79466L302
—	LINKEDIN CORP	970	$239K	0.0%	$246.39	—	COM CL A	53578A108
—	SANDISK CORP	4,020	$239K	0.0%	$59.45	—	COM	80004C101
TRIP	TRIPADVISOR INC	3,145	$239K	0.0%	$63.00	0.0%	COM	896945201
DOV	DOVER CORP	2,650	$238K	0.0%	$46.22	0.0%	COM	260003108
NFLX	NETFLIX INC	770	$238K	0.0%	$3.86	0.0%	COM	64110L106
ILMN	ILLUMINA INC	2,873	$232K	0.0%	$76.50	0.0%	COM	452327109
—	NETSUITE INC	2,000	$216K	0.0%	$108.00	—	COM	64118Q107
MCHP	MICROCHIP TECHNOLOGY INC	5,300	$214K	0.0%	$15.14	0.0%	COM	595017104