Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MBB	iShares MBS ETF	462,356	$49.98M	4.5%	$105.81	—	MBS ETF	464288588
BWX	SPDR Barclays Intl Treas	761,006	$43.66M	3.9%	$56.68	—	BARCLY INTL ETF	78464A516
FLOT	iShares Floating Rate Bond	401,581	$20.41M	1.8%	$50.80	—	FLTG RATE BD ETF	46429B655
CVS	CVS Health Corp.	245,436	$19.53M	1.8%	$41.82	+37.4%	COM	126650100
DAL	Delta Air Lines Inc.	429,196	$15.52M	1.4%	$15.34	+117.6%	COM NEW	247361702
—	ProShares Short Russell2000	855,335	$14.7M	1.3%	$18.56	—	PSHS SHTRUSS2000	74347R826
LQD	iShares iBoxx $ Investment Gr	122,810	$14.52M	1.3%	$116.13	—	IBOXX INV CPBD	464287242
—	WellPoint Inc.	119,823	$14.33M	1.3%	$86.81	—	COM	94973V107
—	CurrencyShares Japanese Yen Tr	156,562	$13.9M	1.3%	$97.21	—	JAPANESE YEN	23130A102
LUV	Southwest Airlines Co.	411,198	$13.89M	1.3%	$11.97	+124.8%	COM	844741108
UNH	UnitedHealth Group Inc.	158,796	$13.7M	1.2%	$52.77	+33.3%	COM	91324P102
—	SanDisk Corp.	137,176	$13.44M	1.2%	$66.70	—	COM	80004C101
AAPL	Apple Inc.	129,987	$13.1M	1.2%	$18.36	+17.8%	COM	037833100
—	Discover Financial Services	196,202	$12.63M	1.1%	$48.01	—	COM	254709108
HCA	HCA Holdings Inc.	171,732	$12.11M	1.1%	$61.43	0.0%	COM	40412C101
AAL	American Airlines Group Inc.	333,785	$11.84M	1.1%	$21.78	+70.6%	COM	02376R102
COF	Capital One Financial Corp.	143,791	$11.74M	1.1%	$49.21	+35.4%	COM	14040H105
WDC	Western Digital Corp.	117,270	$11.41M	1.0%	$37.27	+67.5%	COM	958102105
ALK	Alaska Air Group Inc.	253,322	$11.03M	1.0%	$34.31	+23.2%	COM	011659109
—	Aetna Inc.	135,402	$10.97M	1.0%	$65.07	—	COM	00817Y108
LYB	LyondellBasell Industries N.V.	99,830	$10.85M	1.0%	$45.39	+30.4%	SHS - A -	N53745100
KSS	Kohl's Corp.	176,128	$10.75M	1.0%	$56.59	0.0%	COM	500255104
MSFT	Microsoft Corp.	231,207	$10.72M	1.0%	$31.26	+20.5%	COM	594918104
—	PowerShares Build America	353,229	$10.47M	0.9%	$28.04	—	BUILD AMER ETF	73937B407
HUM	Humana Inc.	78,919	$10.28M	0.9%	$76.90	+50.9%	COM	444859102
M	Macy's Inc.	176,157	$10.25M	0.9%	$59.28	0.0%	COM	55616P104
—	Hewlett-Packard Co.	285,408	$10.12M	0.9%	$31.36	—	COM	428236103
JBLU	JetBlue Airways Corp.	942,775	$10.01M	0.9%	$7.95	+43.6%	COM	477143101
—	Lexmark International Inc.	234,227	$9.955M	0.9%	$33.76	—	CL A	529771107
LAD	Lithia Motors Inc.	128,413	$9.72M	0.9%	$52.25	+69.4%	CL A	536797103
WLK	Westlake Chemical Corp.	110,665	$9.582M	0.9%	$53.68	+42.9%	COM	960413102
ABG	Asbury Automotive Group Inc.	145,783	$9.391M	0.8%	$40.67	+69.7%	COM	043436104
ARW	Arrow Electronics Inc.	165,358	$9.153M	0.8%	$48.27	+25.0%	COM	042735100
DDS	Dillard's Inc.	80,464	$8.769M	0.8%	$86.26	0.0%	CL A	254067101
—	China Petroleum & Chemical Corp.	98,950	$8.644M	0.8%	$92.18	—	SPONSORED ADR	16941R108
—	ProShares Trust	363,471	$8.363M	0.8%	$23.01	—	PSHS SHRT S&P500	74347R503
—	Hess Corp.	88,614	$8.358M	0.8%	$97.42	—	COM	42809H107
—	Statoil ASA	297,570	$8.082M	0.7%	$28.72	—	SPONSORED ADR	85771P102
—	TE Connectivity Ltd.	145,396	$8.039M	0.7%	$52.36	—	REG SHS	H84989104
AVT	Avnet Inc.	193,656	$8.037M	0.7%	$30.56	+11.3%	COM	053807103
AAP	Advance Auto Parts Inc.	60,545	$7.889M	0.7%	$73.99	+54.8%	COM	00751Y106
MEOH	Methanex Corporation	117,700	$7.862M	0.7%	$62.59	+5.7%	COM	59151K108
SU	Suncor Energy Inc.	217,146	$7.85M	0.7%	$26.54	+1.5%	COM	867224107
INTC	Intel Corp.	220,565	$7.68M	0.7%	$19.15	+34.4%	COM	458140100
—	Nordstrom Inc.	111,276	$7.608M	0.7%	$68.37	—	COM	655664100
LMT	Lockheed Martin Corp.	41,502	$7.586M	0.7%	$86.43	+44.5%	COM	539830109
—	Seagate Technology Inc.	131,154	$7.511M	0.7%	$46.79	—	SHS	G7945M107
AWK	American Water Works Co.	152,841	$7.372M	0.7%	$37.25	+4.7%	COM	030420103
V	Visa Inc.	34,238	$7.305M	0.7%	$40.34	+23.0%	COM CL A	92826C839
NOC	Northrop Grumman Corp.	55,251	$7.28M	0.7%	$75.31	+38.9%	COM	666807102
UHS	Universal Health Services Inc.	67,750	$7.08M	0.6%	$101.37	0.0%	CL B	913903100
MA	MasterCard Inc.	95,717	$7.075M	0.6%	$69.59	+2.2%	CL A	57636Q104
ORLY	O'Reilly Automotive Inc.	47,046	$7.074M	0.6%	$7.33	+39.3%	COM	67103H107
AZO	AutoZone Inc.	13,528	$6.895M	0.6%	$414.92	+26.9%	COM	053332102
VLO	Valero Energy Corp.	147,604	$6.83M	0.6%	$35.48	-8.0%	COM	91913Y100
SNX	SYNNEX Corp.	105,012	$6.787M	0.6%	$25.17	+15.3%	COM	87162W100
JBL	Jabil Circuit Inc.	334,621	$6.749M	0.6%	$19.26	-1.8%	COM	466313103
HYS	PIMCO 0-5 Year High Yield Corp	64,444	$6.68M	0.6%	$105.48	—	0-5 HIGH YIELD	72201R783
IBM	International Business Machines	35,173	$6.677M	0.6%	$118.94	-3.9%	COM	459200101
CBT	Cabot Corp.	131,149	$6.658M	0.6%	$40.94	+2.0%	COM	127055101
AAXJ	iShares MSCI All Country Asia	107,630	$6.6M	0.6%	$54.77	—	MSCI ACJPN IDX	464288182
BWZ	SPDR Barclays Short Term	192,323	$6.543M	0.6%	$34.73	—	SHT TRM HGH YLD	78464A334
NAVI	Navient Corp	367,913	$6.516M	0.6%	$16.58	+6.2%	COM	63938C108
—	Hawaiian Holdings Inc.	484,378	$6.515M	0.6%	$13.96	—	COM	419879101
SSL	Sasol Ltd.	118,917	$6.48M	0.6%	$56.46	—	SPONSORED ADR	803866300
CPA	Copa Holdings S.A.	59,378	$6.371M	0.6%	$91.61	+2.7%	CL A	P31076105
PSX	Phillips 66	77,249	$6.281M	0.6%	$54.20	+1.7%	COM	718546104
—	ProShares Trust Short Dow30	254,169	$6.268M	0.6%	$29.48	—	PSHS SHORT DOW30	74347R701
—	Raytheon Co.	59,700	$6.067M	0.5%	$74.57	—	COM NEW	755111507
NVDA	NVIDIA Corp.	321,811	$5.937M	0.5%	$0.40	+12.5%	COM	67066G104
MPC	Marathon Petroleum Corp.	69,671	$5.899M	0.5%	$31.16	-3.6%	COM	56585A102
KMX	CarMax Inc.	124,658	$5.79M	0.5%	$45.90	+11.6%	COM	143130102
—	Computer Sciences Corp.	93,913	$5.743M	0.5%	$45.86	—	COM	205363104
BA	Boeing Co.	44,247	$5.636M	0.5%	$94.92	+15.1%	COM	097023105
FISV	Fiserv Inc.	87,008	$5.624M	0.5%	$24.89	+27.0%	COM	337738108
FLEX	Flextronics International Ltd.	542,352	$5.597M	0.5%	$6.50	+25.8%	ORD	Y2573F102
IGOV	iShares International Treas Bond	56,385	$5.597M	0.5%	$100.60	—	INTL TREABO ETF	464288117
—	VCA Inc.	142,041	$5.586M	0.5%	$39.33	—	COM	918194101
SANM	Sanmina Corp.	267,247	$5.575M	0.5%	$15.25	+52.6%	COM	801056102
SBS	Companhia de Saneamento Basico	685,221	$5.557M	0.5%	$10.71	—	SPONSORED ADR	20441A102
CVX	Chevron Corp.	46,420	$5.539M	0.5%	$76.85	+2.2%	COM	166764100
MU	Micron Technology Inc.	160,845	$5.511M	0.5%	$27.88	+13.3%	COM	595112103
PAG	Penske Automotive Grp Inc	133,714	$5.427M	0.5%	$33.18	+41.6%	COM	70959W103
—	Cigna Corporation	58,740	$5.327M	0.5%	$75.09	—	COM	125509109
—	LifePoint Hospitals Inc.	76,675	$5.305M	0.5%	$69.19	—	COM	53219L109
—	Marvell Technology Grp Ltd.	392,427	$5.29M	0.5%	$14.33	—	ORD	G5876H105
AN	AutoNation Inc.	103,913	$5.228M	0.5%	$49.51	+10.6%	COM	05329W102
—	Ingram Micro Inc.	201,531	$5.202M	0.5%	$23.46	—	CL A	457153104
FSLR	First Solar Inc.	78,626	$5.174M	0.5%	$58.78	+15.2%	COM	336433107
BP	BP PLC	117,381	$5.159M	0.5%	$49.51	—	SPONSORED ADR	055622104
—	Magellan Health Inc.	93,790	$5.133M	0.5%	$57.46	—	COM NEW	559079207
—	Wellcare Health Plans Inc.	77,179	$4.657M	0.4%	$60.76	—	COM	94946T106
CRUS	Cirrus Logic Inc.	217,582	$4.537M	0.4%	$21.88	+5.9%	COM	172755100
—	Alliant Techsystems inc	35,183	$4.491M	0.4%	$95.45	—	COM	018804104
—	L-3 Communications Hldgs Inc.	37,054	$4.406M	0.4%	$90.06	—	COM	502424104
IEI	iShares 3-7 Year Treasury Bond	36,088	$4.378M	0.4%	$120.81	—	BARCLYS 3-7 YR	464288661
BHE	Benchmark Electronics Inc.	195,707	$4.347M	0.4%	$18.72	+7.6%	COM	08160H101
ACN	Accenture PLC	53,365	$4.34M	0.4%	$62.92	+5.1%	SHS CL A	G1151C101
—	DST Systems Inc.	51,486	$4.321M	0.4%	$71.98	—	COM	233326107
GPI	Group 1 Automotive Inc.	57,798	$4.202M	0.4%	$68.16	+14.5%	COM	398905109
VMBS	Vanguard Mortgage-Backed Sec	79,679	$4.189M	0.4%	$51.03	—	MORTG-BACK SEC	92206C771
—	Integrated Device Technology, Inc.	247,697	$3.951M	0.4%	$15.46	—	COM	458118106
GPRE	Green Plains Inc.	102,979	$3.85M	0.3%	$29.41	+35.8%	COM	393222104
—	PetroChina Co. Ltd.	29,795	$3.829M	0.3%	$125.56	—	SPONSORED ADR	71646E100
TSM	Taiwan Semiconductor Mfg	187,581	$3.785M	0.3%	$21.39	—	SPONSORED ADR	874039100
—	Exelis Inc.	228,090	$3.773M	0.3%	$16.29	—	COM	30162A108
PBR	Petrobras Petroleo Brasileiro	252,997	$3.59M	0.3%	$14.63	—	SPONSORED ADR	71654V408
—	Aqua America Inc.	145,587	$3.426M	0.3%	$26.22	—	COM	03836W103
NSIT	Insight Enterprises	150,964	$3.416M	0.3%	$21.91	+21.5%	COM	45765U103
—	Portfolio Recovery Assoc Inc.	64,985	$3.394M	0.3%	$85.85	—	COM	73640Q105
GPN	Global Payments Inc.	48,193	$3.368M	0.3%	$23.29	+45.8%	COM	37940X102
—	Total S.A.	51,776	$3.337M	0.3%	$72.21	—	SPONSORED ADR	89151E109
—	Xilinx Inc.	78,736	$3.334M	0.3%	$47.32	—	COM	983919101
DOX	Amdocs Ltd.	72,229	$3.314M	0.3%	$28.59	+33.3%	ORD	G02602103
—	Sapient Corp.	232,257	$3.252M	0.3%	$13.80	—	COM	803062108
CTSH	Cognizant Technology Solutions	72,227	$3.234M	0.3%	$36.78	+13.4%	CL A	192446102
CVI	CVR Energy Inc.	71,290	$3.189M	0.3%	$17.94	+7.1%	COM	12662P108
SLM	SLM Corp.	367,913	$3.149M	0.3%	$8.31	+5.4%	COM	78442P106
MGA	Magna International Inc.	32,705	$3.104M	0.3%	$22.60	+76.5%	COM	559222401
AIG	American International Group, Inc.	56,967	$3.077M	0.3%	$32.83	+27.3%	COM NEW	026874784
—	Western Refining Inc.	73,166	$3.072M	0.3%	$37.56	—	COM	959319104
—	HollyFrontier Corp.	68,731	$3.002M	0.3%	$43.69	—	COM	436106108
—	Triumph Group Inc.	46,112	$3M	0.3%	$71.20	—	COM	896818101
—	Advanced Semiconductor Engr	498,613	$2.947M	0.3%	$5.41	—	SPONSORED ADR	00756M404
WHR	Whirlpool Corp.	20,189	$2.941M	0.3%	$144.78	+2.1%	COM	963320106
ON	ON Semiconductor Corp.	328,016	$2.932M	0.3%	$9.24	0.0%	COM	682189105
—	Axiall Corporation	80,332	$2.877M	0.3%	$44.92	—	COM	05463D100
EG	Everest Re Group Ltd.	17,666	$2.862M	0.3%	$99.45	+28.0%	COM	G3223R108
VYX	NCR Corp.	81,811	$2.733M	0.2%	$20.20	+0.5%	COM	62886E108
—	PartnerRe Ltd.	24,577	$2.701M	0.2%	$90.81	—	COM	G6852T105
UNP	Union Pacific Corp.	24,432	$2.649M	0.2%	$66.04	+21.6%	COM	907818108
BAK	Braskem S/A	196,645	$2.59M	0.2%	$13.33	—	SP ADR PFD A	105532105
—	QLogic Corp.	281,929	$2.582M	0.2%	$11.83	—	COM	747277101
—	Tata Motors Ltd.	57,075	$2.495M	0.2%	$24.10	—	SPONSORED ADR	876568502
SWKS	Skyworks Solutions Inc	41,844	$2.429M	0.2%	$19.61	+118.1%	COM	83088M102
LEA	Lear Corp.	28,049	$2.424M	0.2%	$47.28	+67.8%	COM NEW	521865204
—	Chipmos Tech (Bermuda) Ltd.	105,206	$2.38M	0.2%	$23.34	—	SHS	G2110R114
WU	Western Union Co.	146,531	$2.35M	0.2%	$17.13	—	COM	959802109
PBF	PBF Energy, Inc.	97,423	$2.338M	0.2%	$29.58	-10.9%	CL A	69318G106
—	Convergys Corp.	131,118	$2.337M	0.2%	$18.06	—	COM	212485106
REX	REX American Resources Corp	31,675	$2.308M	0.2%	$11.00	+35.1%	COM	761624105
—	Health Net Inc.	50,016	$2.306M	0.2%	$31.02	—	COM	42222G108
MOG/A	Moog Inc.	33,518	$2.293M	0.2%	$52.39	+22.4%	CL A	615394202
GNW	Genworth Financial Inc.	174,364	$2.284M	0.2%	$11.75	+23.1%	COM CL A	37247D106
—	Silicon Motion Technology Corp	83,079	$2.238M	0.2%	$20.43	—	SPONSORED ADR	82706c108
AIR	AAR Corp.	92,066	$2.223M	0.2%	$24.52	+4.6%	COM	000361105
CNC	Centene Corp.	25,557	$2.114M	0.2%	$15.12	+27.5%	COM	15135B101
NSC	Norfolk Southern Corp.	18,764	$2.094M	0.2%	$82.62	0.0%	COM	655844108
IMO	Imperial Oil Limited	43,836	$2.07M	0.2%	$40.06	0.0%	COM NEW	453038408
IBND	SPDR Barclays Intl Corp	57,864	$2.049M	0.2%	$34.30	—	BARCLY INTL CRP	78464A151
—	PowerShares Intl Corp	69,868	$2.03M	0.2%	$27.56	—	INTL CORP BOND	73936Q835
UNM	Unum Group	58,214	$2.001M	0.2%	$30.76	+14.3%	COM	91529Y106
—	Grupo Financiero Santander	143,873	$1.947M	0.2%	$13.28	—	SPON ADR SHS B	40053C105
F	Ford Motor Company	129,984	$1.922M	0.2%	$8.03	+16.8%	COM PAR $0.01	345370860
VC	Visteon Corp	19,686	$1.914M	0.2%	$48.06	+20.0%	COM NEW	92839U206
ENSG	Ensign Group, Inc.	53,917	$1.876M	0.2%	$15.05	0.0%	COM	29358P101
—	Hanger, Inc.	91,375	$1.875M	0.2%	$20.52	—	COM NEW	41043F208
CWT	California Water Service Group	82,234	$1.845M	0.2%	$17.56	+5.2%	COM	130788102
AWR	American States Water Co.	59,500	$1.81M	0.2%	$24.30	+3.3%	COM	029899101
—	Kindred Healthcare Inc	91,154	$1.768M	0.2%	$19.40	—	COM	494580103
R	Ryder System Inc.	19,239	$1.731M	0.2%	$89.68	0.0%	COM	783549108
UHAL	Amerco	6,606	$1.73M	0.2%	$27.65	0.0%	COM	023586100
CMBS	iShares Barclays CMBS Bond	33,699	$1.73M	0.2%	$51.18	—	BARCLYS CMBS	46429B366
SEM	Select Medical Holdings Corp	138,198	$1.663M	0.2%	$6.98	0.0%	COM	81619Q105
AIZ	Assurant Inc.	25,864	$1.663M	0.2%	$41.41	+26.2%	COM	04621X108
—	Con-Way Inc.	34,956	$1.66M	0.1%	$47.49	—	COM	205944101
—	CurrencyShares Australian Dollar	18,649	$1.635M	0.1%	$87.67	—	AUSTRALIAN DOL	23129U101
HELE	Helen of Troy Corp.	30,095	$1.581M	0.1%	$38.38	+46.2%	COM	G4388N106
—	Tech Data Corp.	26,226	$1.544M	0.1%	$50.09	—	COM	878237106
LSCC	Lattice Semiconductor Corp	201,665	$1.512M	0.1%	$7.50	—	COM	518415104
UGI	UGI Corp.	43,900	$1.497M	0.1%	$34.01	0.0%	COM	902681105
MX	MagnaChip Semiconductor	127,587	$1.493M	0.1%	$14.60	-10.3%	COM	55933J203
—	Companhia Paranaense de Energia	108,774	$1.487M	0.1%	$13.14	—	SPON ADR PFD	20441B407
—	AGL Resources, Inc.	28,733	$1.475M	0.1%	$51.33	—	COM	001204106
—	Celestica Inc	145,205	$1.474M	0.1%	$10.98	—	SUB VTG SHS	15101Q108
JLL	Jones Lang LaSalle Inc.	11,564	$1.461M	0.1%	$126.41	0.0%	COM	48020Q107
—	Enersis S.A.	90,184	$1.423M	0.1%	$16.85	—	SPONSORED ADR	29274F104
ATO	Atmos Energy Corporation	29,825	$1.423M	0.1%	$37.83	0.0%	COM	049560105
ILF	iShares Latin America 40	37,599	$1.387M	0.1%	$36.76	—	S&P LTN AM 40	464287390
NJR	New Jersey Resources Corp.	27,384	$1.383M	0.1%	$18.05	0.0%	COM	646025106
—	Siloconware Precision Ind Co.	201,816	$1.376M	0.1%	$6.82	—	SPONSD ADR SPL	827084864
IEMG	iShares Core MSCI Emerging Mkt	26,725	$1.337M	0.1%	$49.39	—	CORE MSCI EMKT	46434G103
CIG	Companhia Energetica de Minas	206,217	$1.285M	0.1%	$6.82	—	SP ADR N-V PFD	204409601
PLXS	Plexus Corp.	34,221	$1.264M	0.1%	$40.85	-0.9%	COM	729132100
WERN	Werner Enterprises Inc.	46,386	$1.169M	0.1%	$25.29	0.0%	COM	950755108
JOE	St. Joe Co.	57,977	$1.155M	0.1%	$22.44	0.0%	COM	790148100
—	Brookfield Property Partners LP	48,785	$1.028M	0.1%	$21.07	—	UNIT LTD PARTN	G16249107
IGIB	iShares Intermediate Credit Bond	9,149	$1M	0.1%	$107.99	—	BARCLYS INTER CR	464288638
KMPR	Kemper Corporation	28,557	$975K	0.1%	$38.41	-7.0%	COM	488401100
—	Realogy Holdings Corp.	22,990	$855K	0.1%	$37.19	—	COM	75605Y106
EZA	iShares MSCI South Africa	13,319	$854K	0.1%	$58.46	—	MSCI STH AFRICA	464286780
THO	Thor Industries Inc.	15,187	$782K	0.1%	$31.91	+34.0%	COM	885160101
—	Silicon Image, Inc.	150,887	$760K	0.1%	$5.04	—	COM	82705T102
—	Integrated Silicon Solution Inc	53,169	$731K	0.1%	$14.76	—	COM	45812P107
—	Resolute Forest Products Inc	41,476	$649K	0.1%	$13.21	—	COM	76117W109
RDY	Dr. Reddy's Laboratories Ltd.	9,378	$493K	0.0%	$38.63	—	ADR	256135203
—	Market Vectors Russia ETF Tr	19,291	$432K	0.0%	$25.15	—	RUSSIA ETF	57060U506
—	China Mobile Ltd.	6,930	$407K	0.0%	$54.89	—	SPONSORED ADR	16941M109
—	SPDR S&P Emerging Europe	10,378	$364K	0.0%	$36.88	—	EUROPE ETF	78463X608
—	TIM Participacoes S/A	12,073	$316K	0.0%	$24.28	—	SPONSORED ADR	88706P205
—	Fibria Celulose S.A.	25,433	$280K	0.0%	$11.54	—	SP ADR REP COM	31573A109
—	Mobile TeleSystems	18,304	$273K	0.0%	$19.65	—	SPONSORED ADR	607409109
—	SK Telecom Co. Ltd.	8,361	$254K	0.0%	$24.67	—	SPONSORED ADR	78440P108
VVX	Vectrus Inc.	12,664	$247K	0.0%	$22.23	0.0%	COM	92242T101
—	Companhia Brasileira de Distri	5,668	$247K	0.0%	$45.29	—	SPON ADR PFD CL A	20440T201
—	CNOOC Ltd.	1,398	$241K	0.0%	$173.08	—	SPONSORED ADR	126132109
TKC	Turkcell Iletisim Hizmetleri A.S.	10,258	$135K	0.0%	$14.38	—	SPON ADR NEW	900111204