Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	DYNEGY INC NEW DEL	6,089,333	$137M	11.5%	$22.55	$22.55	—	COM	26817R108
DUK	DUKE ENERGY CORP NEW	1,746,593	$118M	9.9%	$67.50 *	$41.83	0.0%	COM NEW	26441C204
—	CALPINE CORP	5,196,708	$110M	9.2%	$21.23	$21.23	—	COM NEW	131347304
PPL	PPL CORP	1,969,895	$59.61M	5.0%	$30.26 *	$16.36	0.0%	COM	69351T106
AEP	AMERICAN ELEC PWR INC	1,072,600	$48.03M	4.0%	$44.78 *	$30.44	0.0%	COM	025537101
AEE	AMEREN CORP	1,201,347	$41.37M	3.5%	$34.44 *	$23.26	0.0%	COM	023608102
—	NATIONAL GRID PLC	695,499	$39.41M	3.3%	$56.67	$56.67	—	SPON ADR NEW	636274300
—	NV ENERGY INC	1,493,733	$35.04M	2.9%	$23.46	$23.46	—	COM	67073Y106
PCG	PG&E CORP	690,426	$31.57M	2.6%	$45.73 *	$38.88	0.0%	COM	69331C108
—	LACLEDE GROUP INC	666,480	$30.43M	2.5%	$45.66	$45.66	—	COM	505597104
EIX	EDISON INTL	550,311	$26.5M	2.2%	$48.16 *	$30.71	0.0%	COM	281020107
POR	PORTLAND GEN ELEC CO	839,613	$25.68M	2.1%	$30.59 *	$19.65	0.0%	COM NEW	736508847
SWX	SOUTHWEST GAS CORP	450,340	$21.07M	1.8%	$46.79 *	$48.72	0.0%	COM	844895102
—	MRC GLOBAL INC	732,736	$20.24M	1.7%	$27.62	$27.62	—	COM	55345K103
OGE	OGE ENERGY CORP	292,622	$19.96M	1.7%	$68.20 *	$34.79	0.0%	COM	670837103
—	CONSOL ENERGY INC	734,487	$19.91M	1.7%	$27.10	$27.10	—	COM	20854P109
SRE	SEMPRA ENERGY	212,200	$17.35M	1.4%	$81.76 *	$27.60	0.0%	COM	816851109
STLD	STEEL DYNAMICS INC	1,130,336	$16.85M	1.4%	$14.91 *	$11.35	0.0%	COM	858119100
—	INTEGRYS ENERGY GROUP INC	278,100	$16.28M	1.4%	$58.53	$58.53	—	COM	45822P105
PEG	PUBLIC SVC ENTERPRISE GROUP	489,915	$16M	1.3%	$32.66 *	$21.73	0.0%	COM	744573106
—	CLOUD PEAK ENERGY INC	934,601	$15.4M	1.3%	$16.48	$16.48	—	COM	18911Q102
—	AGL RES INC	348,026	$14.92M	1.2%	$42.86	$42.86	—	COM	001204106
PWR	QUANTA SVCS INC	545,809	$14.44M	1.2%	$26.46 *	$27.23	0.0%	COM	74762E102
—	AQUA AMERICA INC	400,299	$12.53M	1.0%	$31.29	$31.29	—	COM	03836W103
ACM	AECOM TECHNOLOGY CORP DELAWA	333,014	$10.59M	0.9%	$31.79 *	$29.07	0.0%	COM	00766T100
—	MCDERMOTT INTL INC	1,280,711	$10.48M	0.9%	$8.18	$8.18	—	COM	580037109
ECL	ECOLAB INC	120,476	$10.26M	0.9%	$85.19 *	$73.48	0.0%	COM	278865100
PPG	PPG INDS INC	67,279	$9.85M	0.8%	$146.41 *	$59.61	0.0%	COM	693506107
—	PIEDMONT NAT GAS INC	290,161	$9.79M	0.8%	$33.74	$33.74	—	COM	720186105
VLO	VALERO ENERGY CORP NEW	251,973	$8.761M	0.7%	$34.77 *	$24.01	0.0%	COM	91913Y100
HE	HAWAIIAN ELEC INDUSTRIES	320,241	$8.105M	0.7%	$25.31 *	$26.62	0.0%	COM	419870100
MPC	MARATHON PETE CORP	107,313	$7.626M	0.6%	$71.06 *	$27.55	0.0%	COM	56585A102
—	GENERAL CABLE CORP DEL NEW	240,809	$7.405M	0.6%	$30.75	$30.75	—	COM	369300108
ETN	EATON CORP PLC	106,698	$7.022M	0.6%	$65.81 *	$46.59	0.0%	SHS	G29183103
PBF	PBF ENERGY INC	267,252	$6.922M	0.6%	$25.90 *	$29.73	0.0%	CL A	69318G106
NJR	NEW JERSEY RES	164,000	$6.811M	0.6%	$41.53 *	$14.85	0.0%	COM	646025106
VALE	VALE S A	492,485	$6.476M	0.5%	$13.15	$13.15	—	ADR	91912E105
XLI	SELECT SECTOR SPDR TR	150,000	$6.396M	0.5%	$42.64	—	—	Put	81369Y704
CMS	CMS ENERGY CORP	232,880	$6.327M	0.5%	$27.17 *	$19.06	0.0%	COM	125896100
—	TYCO INTERNATIONAL LTD	176,400	$5.812M	0.5%	$32.95	$32.95	—	SHS	H89128104
—	PRAXAIR INC	49,403	$5.689M	0.5%	$115.15	$115.15	—	COM	74005P104
—	DU PONT E I DE NEMOURS & CO	100,000	$5.25M	0.4%	$52.50	—	—	Call	263534109
CF	CF INDS HLDGS INC	30,600	$5.248M	0.4%	$171.50 *	$26.73	0.0%	COM	125269100
—	JOY GLOBAL INC	100,000	$4.853M	0.4%	$48.53	—	—	Call	481165108
—	WABCO HLDGS INC	64,568	$4.823M	0.4%	$74.70	$74.70	—	COM	92927K102
WLK	WESTLAKE CHEM CORP	49,864	$4.807M	0.4%	$96.40 *	$37.72	0.0%	COM	960413102
PBF	PBF ENERGY INC	182,600	$4.729M	0.4%	$25.90 *	$29.73	0.0%	Call	69318G106
—	GREAT PLAINS ENERGY INC	208,607	$4.702M	0.4%	$22.54	$22.54	—	COM	391164100
PSX	PHILLIPS 66	70,980	$4.181M	0.3%	$58.90 *	$40.44	0.0%	COM	718546104
—	ASHLAND INC NEW	50,000	$4.175M	0.3%	$83.50	—	—	Call	044209104
BDC	BELDEN INC	81,940	$4.091M	0.3%	$49.93 *	$48.78	0.0%	COM	077454106
TTEK	TETRA TECH INC NEW	170,000	$3.997M	0.3%	$23.51 *	$5.31	0.0%	COM	88162G103
—	JOHNSON CTLS INC	106,984	$3.829M	0.3%	$35.79	$35.79	—	COM	478366107
—	BUNGE LIMITED	53,489	$3.785M	0.3%	$70.76	$70.76	—	COM	G16962105
MEOH	METHANEX CORP	85,000	$3.641M	0.3%	$42.84	$42.29	0.0%	COM	59151K108
—	MANITOWOC INC	202,634	$3.629M	0.3%	$17.91	$17.91	—	COM	563571108
—	MONSANTO CO NEW	35,951	$3.552M	0.3%	$98.80	$98.80	—	COM	61166W101
—	NAVISTAR INTL CORP NEW	125,000	$3.47M	0.3%	$27.76	$27.76	—	COM	63934E108
—	INGERSOLL-RAND PLC	61,000	$3.387M	0.3%	$55.52	$55.52	—	SHS	G47791101
—	ARCH COAL INC	850,543	$3.215M	0.3%	$3.78	$3.78	—	COM	039380100
ALB	ALBEMARLE CORP	50,000	$3.115M	0.3%	$62.30	—	—	Call	012653101
—	VALSPAR CORP	48,000	$3.104M	0.3%	$64.67	$64.67	—	COM	920355104
—	ROCKWOOD HLDGS INC	46,903	$3.003M	0.3%	$64.03	$64.03	—	COM	774415103
KMT	KENNAMETAL INC	74,900	$2.908M	0.2%	$38.83 *	$28.75	0.0%	COM	489170100
GNRC	GENERAC HLDGS INC	76,695	$2.838M	0.2%	$37.00 *	$32.90	0.0%	COM	368736104
CMI	CUMMINS INC	24,920	$2.703M	0.2%	$108.47 *	$81.53	0.0%	COM	231021106
—	WGL HLDGS INC	60,000	$2.593M	0.2%	$43.22	$43.22	—	COM	92924F106
—	ITC HLDGS CORP	28,000	$2.556M	0.2%	$91.29	—	—	Put	465685105
HUN	HUNTSMAN CORP	150,200	$2.487M	0.2%	$16.56 *	$18.29	0.0%	COM	447011107
HNRG	HALLADOR ENERGY COMPANY	298,980	$2.407M	0.2%	$8.05 *	$7.40	0.0%	COM	40609P105
PNW	PINNACLE WEST CAP CORP	42,382	$2.351M	0.2%	$55.47 *	$35.40	0.0%	COM	723484101
—	CYTEC INDS INC	30,000	$2.198M	0.2%	$73.27	$73.27	—	COM	232820100
—	GRACE W R & CO DEL NEW	25,328	$2.129M	0.2%	$84.06	$84.06	—	COM	38388F108
—	POLYONE CORP	84,333	$2.09M	0.2%	$24.78	$24.78	—	COM	73179P106
OSK	OSHKOSH CORP	50,000	$1.899M	0.2%	$37.98 *	$31.79	0.0%	Call	688239201
CSIQ	CANADIAN SOLAR INC	159,834	$1.757M	0.1%	$10.99 *	$6.87	0.0%	COM	136635109
—	GARDNER DENVER INC	23,363	$1.756M	0.1%	$75.16	$75.16	—	COM	365558105
—	THE ADT CORPORATION	43,520	$1.734M	0.1%	$39.84	$39.84	—	COM	00101J106
—	MCDERMOTT INTL INC	200,000	$1.636M	0.1%	$8.18	$8.18	—	Put	580037109
AGCO	AGCO CORP	31,874	$1.6M	0.1%	$50.20 *	$41.52	0.0%	COM	001084102
—	URS CORP NEW	32,862	$1.552M	0.1%	$47.23	$47.23	—	COM	903236107
CE	CELANESE CORP DEL	34,000	$1.523M	0.1%	$44.79 *	$37.17	0.0%	COM SER A	150870103
—	ASPEN TECHNOLOGY INC	52,000	$1.497M	0.1%	$28.79	$28.79	—	COM	045327103
MTZ	MASTEC INC	44,699	$1.471M	0.1%	$32.91 *	$30.13	0.0%	COM	576323109
—	INTREPID POTASH INC	74,508	$1.419M	0.1%	$19.04	$19.04	—	COM	46121Y102
OSK	OSHKOSH CORP	37,201	$1.413M	0.1%	$37.98 *	$31.79	0.0%	COM	688239201
—	FOSTER WHEELER AG	58,700	$1.274M	0.1%	$21.70	$21.70	—	COM	H27178104
TKR	TIMKEN CO	22,500	$1.266M	0.1%	$56.27 *	$39.57	0.0%	COM	887389104
URI	UNITED RENTALS INC	25,000	$1.248M	0.1%	$49.92 *	$51.55	0.0%	COM	911363109
ENS	ENERSYS	23,117	$1.134M	0.1%	$49.05 *	$41.85	0.0%	COM	29275Y102
—	CAPSTONE TURBINE CORP	948,200	$1.109M	0.1%	$1.17	$1.17	—	COM	14067D102
—	TRONOX LTD	50,000	$1.008M	0.1%	$20.16	$20.16	—	SHS CL A	Q9235V101
GWW	GRAINGER W W INC	3,900	$984K	0.1%	$252.31 *	$201.89	0.0%	COM	384802104
AZZ	AZZ INC	23,720	$915K	0.1%	$38.58 *	$36.09	0.0%	COM	002474104
—	HUBBELL INC	9,108	$902K	0.1%	$99.03	$99.03	—	CL B	443510201
WCC	WESCO INTL INC	13,163	$895K	0.1%	$67.99	$69.34	0.0%	COM	95082P105
POWL	POWELL INDS INC	15,584	$805K	0.1%	$51.66 *	$36.18	0.0%	COM	739128106
FAST	FASTENAL CO	17,200	$788K	0.1%	$45.81 *	$8.84	0.0%	COM	311900104
PTC	PTC INC	31,400	$770K	0.1%	$24.52 *	$24.01	0.0%	COM	69370C100
ESE	ESCO TECHNOLOGIES INC	20,793	$673K	0.1%	$32.37	$32.29	0.0%	COM	296315104
LEA	LEAR CORP	10,600	$641K	0.1%	$60.47 *	$46.85	0.0%	COM NEW	521865204
—	CHEMTURA CORP	30,881	$627K	0.1%	$20.30	$20.30	—	COM NEW	163893209
—	EXA CORP	60,914	$627K	0.1%	$10.29	$10.29	—	COM	300614500
ROK	ROCKWELL AUTOMATION INC	6,000	$499K	0.0%	$83.17 *	$67.20	0.0%	COM	773903109
NWE	NORTHWESTERN CORP	10,911	$435K	0.0%	$39.87 *	$24.78	0.0%	COM NEW	668074305
ADSK	AUTODESK INC	12,000	$407K	0.0%	$33.92 *	$37.26	0.0%	COM	052769106
—	NATIONAL INSTRS CORP	13,250	$370K	0.0%	$27.92	$27.92	—	COM	636518102
—	AXIALL CORP	7,420	$316K	0.0%	$42.59	$42.59	—	COM	05463D100
D	DOMINION RES INC VA NEW	5,500	$313K	0.0%	$56.91 *	$34.53	0.0%	COM	25746U109
SO	SOUTHERN CO	6,600	$291K	0.0%	$44.09 *	$26.74	0.0%	COM	842587107
DGII	DIGI INTL INC	26,374	$247K	0.0%	$9.37	$9.32	0.0%	COM	253798102
—	EDGEN GROUP INC	34,540	$220K	0.0%	$6.37	$6.37	—	CL A	28014Q107
—	NORTHEAST UTILS	5,092	$214K	0.0%	$42.03	$42.03	—	COM	664397106
—	MAXWELL TECHNOLOGIES INC	15,000	$107K	0.0%	$7.13	$7.13	—	COM	577767106