BRC Investment Management LLC Activity Q2 2005-Q3 2016

Q3 2016

			Value		Shares		↓ Weighting
PKG	Sell	PACKAGING CORP OF AMR	$8,501,000	-16.8%	104,620	-31.5%	1.43%	-19.3%
TSN	Sell	TYSON FOODS INC CL A	$8,371,000	-18.4%	112,103	-27.0%	1.41%	-20.9%
VNTV	Sell	VANTIV INC CL A	$8,267,000	-38.4%	146,922	-38.1%	1.39%	-40.3%
ZTS	Sell	ZOETIS INC	$8,227,000	-20.7%	158,175	-27.7%	1.39%	-23.1%
SPB	Sell	SPECTRUM BRANDS INC	$7,896,000	-17.9%	57,348	-28.9%	1.33%	-20.4%
CFG	New	CITIZENS FINANCIAL GROUP	$7,878,000	–	318,802	–	1.33%	–
CHTR	New	CHARTER MUNICATIONS INC DEL CL	$7,681,000	–	28,452	–	1.30%	–
NFX	Buy	NEWFIELD EXPLORATION	$7,677,000	+143.6%	176,634	+147.6%	1.29%	+136.1%
BAX	Sell	BAXTER INTERNATIONAL INC	$7,604,000	-37.2%	159,742	-40.4%	1.28%	-39.1%
SBAC	Sell	SBA COMMUNICATIONS CORP	$7,574,000	-20.8%	67,532	-23.8%	1.28%	-23.2%
FBHS	Sell	FORTUNE BRANDS HOME & SECURITY	$7,508,000	-22.0%	129,230	-22.2%	1.27%	-24.4%
FNF	New	FIDELITY NATIONAL FINANCIAL, I	$7,510,000	–	203,472	–	1.27%	–
FRC	Buy	FIRST REPUBLIC BANK	$7,489,000	+34.9%	97,124	+22.4%	1.26%	+30.9%
EOG	New	EOG RESOURCES INC	$7,465,000	–	77,194	–	1.26%	–
CSL	Sell	CARLISLE COMPANIES INC	$7,461,000	-29.2%	72,745	-27.0%	1.26%	-31.3%
PFG	New	PRINCIPAL FINANCIAL GROUP INC	$7,415,000	–	143,950	–	1.25%	–
NWL	Sell	NEWELL BRANDS INC	$7,401,000	-22.8%	140,545	-28.8%	1.25%	-25.1%
GLW	New	CORNING INC	$7,352,000	–	310,886	–	1.24%	–
MKL	Sell	MARKEL CORP	$7,336,000	-28.8%	7,899	-26.9%	1.24%	-30.9%
AMAT	Sell	APPLIED MATERIALS INC	$7,329,000	-57.7%	243,094	-66.3%	1.24%	-58.9%
STT	New	STATE STREET CORP	$7,234,000	–	103,885	–	1.22%	–
EFX	Sell	EQUIFAX INC	$7,229,000	-25.3%	53,712	-28.7%	1.22%	-27.5%
SPR	Sell	SPIRIT AEROSYSTEMS HLDGS INC	$7,224,000	-26.0%	162,195	-28.6%	1.22%	-28.2%
TMK	Sell	TORCHMARK CORP	$7,174,000	-18.0%	112,285	-20.7%	1.21%	-20.5%
STZ	Sell	CONSTELLATION BRANDS INC	$7,126,000	-58.7%	42,803	-59.0%	1.20%	-59.9%
CDW	New	CDW CORPORATION	$7,039,000	–	153,935	–	1.19%	–
DDR	New	DDR CORP.	$7,036,000	–	403,660	–	1.19%	–
AXTA	New	AXALTA COATING SYSTEMS LTD	$7,032,000	–	248,734	–	1.18%	–
HOLX	New	HOLOGIC	$7,029,000	–	181,027	–	1.18%	–
ITW	New	ILLINOIS TOOL WORKS	$7,020,000	–	58,582	–	1.18%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$6,986,000	–	251,390	–	1.18%	–
PXD	Sell	PIONEER NATURAL RESOURCES COMP	$6,961,000	-14.5%	37,497	-30.4%	1.17%	-17.2%
GOOGL	New	ALPHABET INC CLASS A	$6,954,000	–	8,648	–	1.17%	–
DFS	Sell	DISCOVER FINANCIAL SERVICES	$6,867,000	-25.2%	121,429	-29.1%	1.16%	-27.4%
AMGN	New	AMGEN INC	$6,852,000	–	41,075	–	1.16%	–
AEP	New	AMERICAN ELECTRIC POWER COMPAN	$6,819,000	–	106,199	–	1.15%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$6,818,000	–	162,838	–	1.15%	–
WMT	New	WAL MART STORES INC	$6,730,000	–	93,318	–	1.14%	–
DLR	New	DIGITAL REALTY TRUST INC	$5,793,000	–	59,643	–	0.98%	–
LEA	Sell	LEAR CORP	$4,734,000	-26.2%	39,057	-38.0%	0.80%	-28.4%
DPZ	New	DOMINOS PIZZA INC	$4,617,000	–	30,405	–	0.78%	–
AMZN	Sell	AMAZON.COM INC	$4,561,000	-32.1%	5,447	-42.0%	0.77%	-34.1%
TMO	Sell	THERMO ELECTRON CORP	$4,159,000	-37.3%	26,149	-41.8%	0.70%	-39.2%
FB	Sell	FACEBOOK INC-A	$4,114,000	-62.8%	32,070	-66.8%	0.69%	-63.9%
CTXS	Sell	CITRIX SYSTEMS, INC.	$4,101,000	-37.2%	48,124	-40.9%	0.69%	-39.1%
LH	Sell	LABORATORY CORP OF AMERICA HLD	$4,101,000	-38.5%	29,830	-41.8%	0.69%	-40.4%
M	New	MACY'S INC	$4,046,000	–	109,207	–	0.68%	–
ARMK	New	ARAMARK	$4,017,000	–	105,626	–	0.68%	–
HD	Sell	HOME DEPOT INC	$3,996,000	-62.3%	31,053	-62.5%	0.67%	-63.4%
ORLY	Sell	O REILLY AUTOMOTIVE INC	$3,989,000	-64.7%	14,240	-65.9%	0.67%	-65.8%
XEC	Sell	CIMAREX ENERGY CO	$3,960,000	+11.9%	29,469	-0.6%	0.67%	+8.6%
QEP	Sell	QEP RESOURCES INC	$3,893,000	+8.6%	199,319	-2.0%	0.66%	+5.3%
KSU	New	KANSAS CITY SOUTHN INDS INC	$3,887,000	–	41,657	–	0.66%	–
FHN	New	FIRST HORIZON NATIONAL CORP	$3,840,000	–	252,132	–	0.65%	–
WM	Sell	WASTE MANAGEMENT	$3,800,000	-44.8%	59,597	-42.6%	0.64%	-46.4%
MLM	Sell	MARTIN MARIETTA MATERIALS	$3,803,000	-51.1%	21,230	-47.6%	0.64%	-52.6%
FISV	Sell	FISERV INC	$3,713,000	-46.9%	37,329	-42.0%	0.63%	-48.5%
	New	MITSUBISHI TANABE PHARMA	$3,618,000	–	170,000	–	0.61%	–
T	Buy	AT&T CORP	$3,611,000	+172.1%	88,911	+189.5%	0.61%	+163.6%
DTE	New	DTE ENERGY	$3,556,000	–	37,965	–	0.60%	–
	New	TOHO CO LTD (FILM)	$3,463,000	–	105,000	–	0.58%	–
	New	HITACHI HIGH-TECHNOLOGIES	$3,410,000	–	86,000	–	0.58%	–
	New	FUKUOKA FINANCIAL GROUP INC	$3,406,000	–	827,000	–	0.57%	–
	New	SHIN-ETSU CHEMICAL CO LTD	$3,388,000	–	49,000	–	0.57%	–
	New	MAEDA CORP	$3,364,000	–	398,000	–	0.57%	–
	New	MITSUBISHI CORP	$3,340,000	–	148,000	–	0.56%	–
	New	YAMAGUCHI FINANCIAL GROUP IN	$3,317,000	–	313,000	–	0.56%	–
	New	SEVENTY SEVEN BANK LTD	$3,296,000	–	812,000	–	0.56%	–
	New	HITACHI TRANSPORT SYSTEM LTD	$3,293,000	–	166,000	–	0.56%	–
	New	BROTHER INDUSTRIES LTD	$3,287,000	–	189,000	–	0.55%	–
	New	ITOCHU TECHNO-SOLUTIONS CORP	$3,271,000	–	128,000	–	0.55%	–
ZION	New	ZIONS BANCORPORATION	$3,256,000	–	104,974	–	0.55%	–
LLY	Buy	ELI LILLY AND CO	$3,237,000	+3.2%	40,335	+1.3%	0.55%	+0.2%
	New	INPEX CORP	$3,232,000	–	360,000	–	0.54%	–
	New	TIS INC	$3,221,000	–	125,000	–	0.54%	–
LKQ	Sell	LKQ CORP	$3,218,000	-11.4%	90,741	-20.8%	0.54%	-14.1%
	New	KAJIMA CORP	$3,212,000	–	462,000	–	0.54%	–
	New	MEGMILK SNOW BRAND CO LTD	$3,184,000	–	87,500	–	0.54%	–
	New	SUMITOMO FORESTRY CO LTD	$3,188,000	–	240,000	–	0.54%	–
	New	TOHO GAS CO LTD	$3,138,000	–	337,000	–	0.53%	–
STI	Sell	SUNTRUST BKS	$3,126,000	-33.9%	71,375	-38.0%	0.53%	-35.9%
CXO	New	CONCHO RESOURCES INC	$3,112,000	–	22,655	–	0.52%	–
	New	MEDIPAL HLDGS CORP	$3,115,000	–	181,000	–	0.52%	–
SNV	Sell	SYNOVUS FINANCIAL CORP	$3,112,000	-30.8%	95,652	-38.4%	0.52%	-32.9%
MCHP	New	MICROCHIP TECHNOLOGY INC	$3,086,000	–	49,660	–	0.52%	–
	New	NTT DOCOMO INC	$3,087,000	–	122,000	–	0.52%	–
BIIB	New	BIOGEN INC	$3,077,000	–	9,830	–	0.52%	–
	New	ASAHI GLASS CO LTD	$3,055,000	–	476,000	–	0.52%	–
	New	SHIMIZU CORP	$3,048,000	–	343,000	–	0.51%	–
	New	BANDAI NAMCO HOLDINGS INC	$3,024,000	–	99,600	–	0.51%	–
	New	HISAMITSU PHARMACEUTICAL CO	$3,003,000	–	56,000	–	0.51%	–
	New	OBAYASHI CORP	$3,003,000	–	305,000	–	0.51%	–
SCHW	New	CHARLES SCHWAB CORPORATION	$3,004,000	–	95,140	–	0.51%	–
	New	NIPPON TELEGRAPH & TELEPHONE	$2,998,000	–	65,800	–	0.50%	–
	New	CENTRAL JAPAN RAILWAY CORP	$2,991,000	–	17,600	–	0.50%	–
	New	POLA ORBIS HOLDINGS INC	$2,972,000	–	33,400	–	0.50%	–
	New	MITSUBISHI CHEMICAL HLDGS CO	$2,965,000	–	478,000	–	0.50%	–
GPORQ	New	GULFPORT ENGY	$2,962,000	–	104,840	–	0.50%	–
	New	EAST JAPAN RAILWAY CO	$2,959,000	–	33,000	–	0.50%	–
	New	FUJITSU GENERAL LTD	$2,949,000	–	137,000	–	0.50%	–
	New	YAMAZAKI BAKING CO LTD	$2,945,000	–	120,500	–	0.50%	–
	New	KANDENKO CO LTD	$2,942,000	–	320,000	–	0.50%	–
	New	ORIX CORP	$2,918,000	–	200,000	–	0.49%	–
	New	MITSUI CHEMICALS INC	$2,916,000	–	619,000	–	0.49%	–
	New	KENEDIX INC	$2,915,000	–	659,000	–	0.49%	–
	New	TOKYO ELECTRON LTD	$2,893,000	–	33,000	–	0.49%	–
	New	LION CORP	$2,891,000	–	179,400	–	0.49%	–
	New	SUZUKI MOTOR CO LTD	$2,887,000	–	87,000	–	0.49%	–
	New	RENGO CO LTD	$2,887,000	–	473,000	–	0.49%	–
SYY	New	SYSCO CORP	$2,868,000	–	58,524	–	0.48%	–
	New	PANAHOME CORP	$2,827,000	–	357,000	–	0.48%	–
	New	TDK CORP	$2,746,000	–	41,500	–	0.46%	–
	New	TOKYO TATEMONO CO LTD	$2,706,000	–	227,000	–	0.46%	–
	New	SHIONOGI & CO LTD	$2,696,000	–	53,000	–	0.45%	–
	New	TOKYU CORP	$2,654,000	–	350,000	–	0.45%	–
	New	IIDA GROUP HOLDINGS CO LTD	$2,634,000	–	131,800	–	0.44%	–
	New	HASEKO CORP	$2,563,000	–	269,000	–	0.43%	–
	New	OPEN HOUSE CO LTD	$2,525,000	–	119,000	–	0.43%	–
	New	FAST RETAILING CO LTD	$2,487,000	–	7,800	–	0.42%	–
	New	SHIMAMURA CO LTD	$2,409,000	–	19,900	–	0.41%	–
NVDA	Sell	NVIDIA CORP	$1,451,000	-35.8%	21,182	-55.9%	0.24%	-37.7%
CINF	Sell	CINCINNATI FINL CORP	$1,094,000	-94.3%	14,512	-94.4%	0.18%	-94.5%
FAF	Sell	FIRST AMERN FINL CORP	$805,000	-2.4%	20,500	-0.1%	0.14%	-4.9%
NDSN	Buy	NORDSON CORP	$803,000	+20.4%	8,059	+1.1%	0.14%	+16.4%
IDCC	New	INTERDIGITAL INC	$788,000	–	9,948	–	0.13%	–
WDC	New	WESTERN DIGITAL	$791,000	–	13,533	–	0.13%	–
TDG	Buy	TRANSDIGM GROUP INC	$775,000	+9.6%	2,682	+0.0%	0.13%	+6.5%
FLT	New	FLEETCOR TECHNOLOGIES INC	$771,000	–	4,440	–	0.13%	–
MTN	New	VAIL RESORTS INC COM	$771,000	–	4,917	–	0.13%	–
AEO	Sell	AMERICAN EAGLE OUTFITTERS INC	$770,000	+0.9%	43,090	-10.0%	0.13%	-2.3%
ACGL	New	ARCH CAPITAL GROUP LTD	$764,000	–	9,635	–	0.13%	–
EEFT	New	EURONET WORLDWIDE INC.	$764,000	–	9,334	–	0.13%	–
EW	New	EDWARDS LIFESCIENCES CORP	$754,000	–	6,257	–	0.13%	–
BKFS	New	BLACK KNIGHT FINANCIAL SERVICE	$755,000	–	18,471	–	0.13%	–
ALKS	Buy	ALKERMES PLC	$754,000	+8.8%	16,039	+0.0%	0.13%	+5.8%
OGS	Sell	ONE GAS, INC.	$753,000	-7.3%	12,174	-0.2%	0.13%	-9.9%
CMA	New	COMERICA INC COM	$750,000	–	15,850	–	0.13%	–
MSCI	Sell	MSCI INC	$748,000	-92.9%	8,917	-93.5%	0.13%	-93.1%
CPRT	Buy	COPART INC.	$749,000	+9.3%	13,986	+0.0%	0.13%	+5.9%
IM	New	INGRAM MICRO INC CL A	$741,000	–	20,767	–	0.12%	–
IDXX	New	IDEXX LABORATORIES INC	$743,000	–	6,595	–	0.12%	–
AVY	Sell	AVERY DENNISON CORP	$739,000	-8.7%	9,496	-12.3%	0.12%	-11.3%
BOH	New	BANK OF HAWAII CORP	$739,000	–	10,177	–	0.12%	–
MKTX	New	MARKETAXESS HOLDINGS	$738,000	–	4,459	–	0.12%	–
DLX	Sell	DELUXE CORP	$737,000	-18.6%	11,027	-19.1%	0.12%	-21.0%
BURL	New	BURLINGTON STORES INC	$731,000	–	9,023	–	0.12%	–
BERY	New	BERRY PLASTICS GROUP, INC.	$728,000	–	16,592	–	0.12%	–
HRL	New	HORMEL FOODS CORP	$722,000	–	19,048	–	0.12%	–
CRL	Buy	CHARLES RIVER LABS	$716,000	+1.1%	8,595	+0.0%	0.12%	-1.6%
NBR	New	NABORS INDUSTRIES LTD	$719,000	–	59,163	–	0.12%	–
WAT	New	WATERS CORPORATION	$715,000	–	4,510	–	0.12%	–
OHI	New	OMEGA HEALTHCARE INVS	$713,000	–	20,119	–	0.12%	–
AES	New	AES CORP	$712,000	–	55,372	–	0.12%	–
LII	Sell	LENNOX INTERNATIONAL INC	$712,000	+1.3%	4,534	-8.1%	0.12%	-1.6%
PNW	New	PINNACLE WEST CAPITAL CORP	$710,000	–	9,349	–	0.12%	–
WOOF	Sell	VCA ANTECH INC	$710,000	-16.7%	10,140	-19.6%	0.12%	-18.9%
AWHHF	New	ALLIED WORLD ASSURANCE COMPANY	$703,000	–	17,387	–	0.12%	–
JACK	New	JACK IN THE BOX INC	$705,000	–	7,347	–	0.12%	–
JWN	New	NORDSTROM	$704,000	–	13,577	–	0.12%	–
PRI	Buy	PRIMERICA INC	$705,000	-7.4%	13,292	+0.0%	0.12%	-9.8%
COO	Sell	COOPER COMPANIES INC	$698,000	-9.5%	3,891	-13.5%	0.12%	-11.9%
MHK	Sell	MOHAWK INDS	$698,000	-8.2%	3,482	-13.1%	0.12%	-10.6%
SWN	Buy	SOUTHWESTERN ENERGY	$702,000	+10.2%	50,687	+0.0%	0.12%	+6.3%
DCT	New	DCT INDUSTRIAL TRUST INC	$700,000	–	14,428	–	0.12%	–
CLGX	New	CORELOGIC INC	$702,000	–	17,891	–	0.12%	–
CMS	Sell	CMS ENERGY CORPORATION	$694,000	-96.5%	16,517	-96.2%	0.12%	-96.6%
CPA	New	COPA HOLDINGS SA	$690,000	–	7,842	–	0.12%	–
ULTA	Sell	ULTA SALON COSMETCS & FRAG I C	$684,000	-2.6%	2,876	-0.1%	0.12%	-5.7%
RRC	New	RANGE RESOURCES CORP	$676,000	–	17,455	–	0.11%	–
DKS	New	DICKS SPORTING GOODS INC	$654,000	–	11,532	–	0.11%	–
OI	Buy	OWENS-ILLINOIS INC	$651,000	+2.2%	35,376	+0.0%	0.11%	-0.9%
MUSA	Sell	MURPHY USA INC	$644,000	-12.5%	9,028	-9.0%	0.11%	-14.8%
POST	Sell	POST HOLDINGS INC	$626,000	-18.8%	8,110	-13.1%	0.11%	-20.9%
DFODQ	Buy	DEAN FOODS CO	$606,000	-9.3%	36,932	+0.0%	0.10%	-12.1%
ELY	Exit	CALLAWAY GOLF CO	$0	–	-16,870	–	-0.03%	–
AFL	Exit	AFLAC INC	$0	–	-6,804	–	-0.08%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-35,504	–	-0.10%	–
RJF	Exit	RAYMOND JAMES FINANCIAL INC	$0	–	-12,956	–	-0.11%	–
PKI	Exit	PERKINELMER INC	$0	–	-12,431	–	-0.11%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-9,098	–	-0.11%	–
PPL	Exit	PPL CORP	$0	–	-17,595	–	-0.12%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-9,074	–	-0.12%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-27,492	–	-0.12%	–
DST	Exit	DST SYSTEMS, INC.	$0	–	-5,757	–	-0.12%	–
SNI	Exit	SCRIPPS NETWORKS INTERACTIVE,	$0	–	-11,012	–	-0.12%	–
BC	Exit	BRUNSWICK CORP	$0	–	-15,202	–	-0.12%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-14,318	–	-0.12%	–
DLB	Exit	DOLBY LABORATORIES INC - CL A	$0	–	-14,632	–	-0.12%	–
ULTI	Exit	ULTIMATE SOFTWARE GROUP, INC.	$0	–	-3,386	–	-0.12%	–
CXW	Exit	CORRECTIONS CORP OF AMERICA	$0	–	-20,759	–	-0.13%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-41,044	–	-0.13%	–
SRC	Exit	SPIRIT REALTY CAPITAL INC	$0	–	-57,167	–	-0.13%	–
DRI	Exit	DARDEN RESTAURANTS	$0	–	-11,674	–	-0.13%	–
LUMN	Exit	CENTURYTEL INC	$0	–	-25,802	–	-0.13%	–
MDP	Exit	MEREDITH CORP	$0	–	-14,459	–	-0.13%	–
ORI	Exit	OLD REP INTL CORP	$0	–	-39,754	–	-0.13%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-9,884	–	-0.13%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-9,173	–	-0.13%	–
FULT	Exit	FULTON FINANCIAL CORP	$0	–	-57,333	–	-0.14%	–
HNI	Exit	HNI CORP	$0	–	-16,949	–	-0.14%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-12,586	–	-0.14%	–
MAS	Exit	MASCO	$0	–	-27,222	–	-0.15%	–
UNFI	Exit	UNITED NATURAL FOODS INC	$0	–	-18,682	–	-0.15%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES	$0	–	-38,222	–	-0.45%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS INC COM	$0	–	-18,893	–	-0.46%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-64,718	–	-0.71%	–
NI	Exit	NISOURCE INC	$0	–	-208,183	–	-0.96%	–
TSS	Exit	TOTAL SYSTEM SERVICES INC	$0	–	-125,947	–	-1.16%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-230,937	–	-1.56%	–
CCL	Exit	CARNIVAL CORP	$0	–	-211,172	–	-1.62%	–
HES	Exit	HESS CORP	$0	–	-158,880	–	-1.66%	–
HDS	Exit	HD SUPPLY HOLDINGS INC	$0	–	-277,578	–	-1.68%	–
NUE	Exit	NUCOR CORP	$0	–	-195,798	–	-1.68%	–
MMC	Exit	MARSH & MCLENNAN	$0	–	-145,410	–	-1.73%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-106,969	–	-1.74%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-156,437	–	-1.80%	–
MCD	Exit	MCDONALDS	$0	–	-95,527	–	-2.00%	–
CNC	Exit	CENTENE CORP	$0	–	-171,201	–	-2.12%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-436,723	–	-2.59%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-210,189	–	-2.69%	–
ARW	Exit	ARROW ELECTRONICS INC	$0	–	-267,405	–	-2.88%	–

Q2 2016

			Value		Shares		↓ Weighting
CMS	New	CMS ENERGY CORPORATION	$19,987,000	–	435,825	–	3.47%	–
CINF	New	CINCINNATI FINL CORP	$19,246,000	–	256,996	–	3.34%	–
AMAT	New	APPLIED MATERIALS INC	$17,315,000	–	722,343	–	3.01%	–
STZ	New	CONSTELLATION BRANDS INC	$17,247,000	–	104,275	–	3.00%	–
ARW	New	ARROW ELECTRONICS INC	$16,552,000	–	267,405	–	2.88%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$15,459,000	–	210,189	–	2.69%	–
EWBC	New	EAST WEST BANCORP INC	$14,927,000	–	436,723	–	2.59%	–
VNTV	New	VANTIV INC CL A	$13,431,000	–	237,305	–	2.33%	–
CNC	New	CENTENE CORP	$12,219,000	–	171,201	–	2.12%	–
BAX	New	BAXTER INTERNATIONAL INC	$12,113,000	–	267,868	–	2.10%	–
MCD	New	MCDONALDS	$11,496,000	–	95,527	–	2.00%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$11,316,000	–	41,741	–	1.97%	–
FB	New	FACEBOOK INC-A	$11,045,000	–	96,651	–	1.92%	–
HD	New	HOME DEPOT INC	$10,586,000	–	82,902	–	1.84%	–
MSCI	New	MSCI INC	$10,563,000	–	136,968	–	1.84%	–
CSL	New	CARLISLE COMPANIES INC	$10,533,000	–	99,669	–	1.83%	–
ZTS	New	ZOETIS INC	$10,381,000	–	218,731	–	1.80%	–
NTRS	New	NORTHERN TRUST CORP	$10,366,000	–	156,437	–	1.80%	–
MKL	New	MARKEL CORP	$10,301,000	–	10,812	–	1.79%	–
TSN	New	TYSON FOODS INC CL A	$10,256,000	–	153,562	–	1.78%	–
PKG	New	PACKAGING CORP OF AMR	$10,218,000	–	152,670	–	1.78%	–
XOM	New	EXXON MOBIL CORP.	$10,027,000	–	106,969	–	1.74%	–
MMC	New	MARSH & MCLENNAN	$9,955,000	–	145,410	–	1.73%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$9,764,000	–	227,071	–	1.70%	–
EFX	New	EQUIFAX INC	$9,673,000	–	75,336	–	1.68%	–
NUE	New	NUCOR CORP	$9,674,000	–	195,798	–	1.68%	–
HDS	New	HD SUPPLY HOLDINGS INC	$9,665,000	–	277,578	–	1.68%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY	$9,630,000	–	166,119	–	1.67%	–
SPB	New	SPECTRUM BRANDS INC	$9,619,000	–	80,618	–	1.67%	–
NWL	New	NEWELL RUBBERMAID INC	$9,588,000	–	197,410	–	1.67%	–
SBAC	New	SBA COMMUNICATIONS CORP CL A	$9,560,000	–	88,572	–	1.66%	–
HES	New	HESS CORP	$9,549,000	–	158,880	–	1.66%	–
CCL	New	CARNIVAL CORP	$9,334,000	–	211,172	–	1.62%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$9,176,000	–	171,218	–	1.60%	–
BK	New	BANK OF NEW YORK MELLON CORP	$8,972,000	–	230,937	–	1.56%	–
TMK	New	TORCHMARK CORP	$8,751,000	–	141,559	–	1.52%	–
PXD	New	PIONEER NATURAL RESOURCES COMP	$8,146,000	–	53,871	–	1.42%	–
MLM	New	MARTIN MARIETTA MATERIALS	$7,781,000	–	40,526	–	1.35%	–
FISV	New	FISERV INC	$6,995,000	–	64,333	–	1.22%	–
WM	New	WASTE MANAGEMENT	$6,882,000	–	103,843	–	1.20%	–
AMZN	New	AMAZON.COM INC	$6,717,000	–	9,386	–	1.17%	–
TSS	New	TOTAL SYSTEM SERVICES INC	$6,689,000	–	125,947	–	1.16%	–
LH	New	LABORATORY CORP OF AMERICA HLD	$6,671,000	–	51,211	–	1.16%	–
TMO	New	THERMO ELECTRON CORP	$6,636,000	–	44,914	–	1.15%	–
CTXS	New	CITRIX SYSTEMS, INC.	$6,526,000	–	81,488	–	1.13%	–
LEA	New	LEAR CORP	$6,413,000	–	63,021	–	1.12%	–
FRC	New	FIRST REPUBLIC BANK	$5,552,000	–	79,332	–	0.96%	–
NI	New	NISOURCE INC	$5,521,000	–	208,183	–	0.96%	–
STI	New	SUNTRUST BKS	$4,731,000	–	115,165	–	0.82%	–
SNV	New	SYNOVUS FINL CORP	$4,500,000	–	155,226	–	0.78%	–
COF	New	CAPITAL ONE FINL CORP	$4,110,000	–	64,718	–	0.71%	–
LKQ	New	LKQ CORP	$3,631,000	–	114,533	–	0.63%	–
QEP	New	QEP RESOURCES INC	$3,585,000	–	203,346	–	0.62%	–
XEC	New	CIMAREX ENERGY CO	$3,538,000	–	29,653	–	0.62%	–
NFX	New	NEWFIELD EXPLORATION	$3,151,000	–	71,332	–	0.55%	–
LLY	New	LILLY (ELI) & CO	$3,137,000	–	39,835	–	0.54%	–
JAZZ	New	JAZZ PHARMACEUTICALS INC COM	$2,670,000	–	18,893	–	0.46%	–
RCL	New	ROYAL CARIBBEAN CRUISES	$2,567,000	–	38,222	–	0.45%	–
NVDA	New	NVIDIA CORP	$2,260,000	–	48,075	–	0.39%	–
T	New	AT&T CORP	$1,327,000	–	30,710	–	0.23%	–
DLX	New	DELUXE CORP	$905,000	–	13,629	–	0.16%	–
UNFI	New	UNITED NATURAL FOODS INC	$874,000	–	18,682	–	0.15%	–
WOOF	New	VCA ANTECH INC	$852,000	–	12,608	–	0.15%	–
MAS	New	MASCO	$842,000	–	27,222	–	0.15%	–
FAF	New	FIRST AMERN FINL CORP	$825,000	–	20,524	–	0.14%	–
AVY	New	AVERY DENNISON CORP	$809,000	–	10,826	–	0.14%	–
OGS	New	ONE GAS, INC.	$812,000	–	12,197	–	0.14%	–
BKH	New	BLACK HILLS CORP	$793,000	–	12,586	–	0.14%	–
HNI	New	HNI CORP	$788,000	–	16,949	–	0.14%	–
FULT	New	FULTON FINANCIAL CORP	$774,000	–	57,333	–	0.14%	–
COO	New	COOPER COMPANIES INC	$771,000	–	4,496	–	0.13%	–
LRCX	New	LAM RESEARCH CORP	$771,000	–	9,173	–	0.13%	–
POST	New	POST HOLDINGS INC	$771,000	–	9,329	–	0.13%	–
AEO	New	AMERICAN EAGLE OUTFITTERS INC	$763,000	–	47,885	–	0.13%	–
EIX	New	EDISON INTERNATIONAL	$768,000	–	9,884	–	0.13%	–
Y	New	ALLEGHANY CORP	$763,000	–	1,388	–	0.13%	–
ORI	New	OLD REP INTL CORP	$767,000	–	39,754	–	0.13%	–
PRI	New	PRIMERICA INC	$761,000	–	13,288	–	0.13%	–
MHK	New	MOHAWK INDS	$760,000	–	4,006	–	0.13%	–
MDP	New	MEREDITH CORP	$751,000	–	14,459	–	0.13%	–
LUMN	New	CENTURYTEL INC	$749,000	–	25,802	–	0.13%	–
MUSA	New	MURPHY USA INC	$736,000	–	9,920	–	0.13%	–
DRI	New	DARDEN RESTAURANTS	$739,000	–	11,674	–	0.13%	–
SRC	New	SPIRIT REALTY CAPITAL INC	$730,000	–	57,167	–	0.13%	–
RDC	New	ROWAN COMPANIES PLC	$725,000	–	41,044	–	0.13%	–
CXW	New	CORRECTIONS CORP OF AMERICA	$727,000	–	20,759	–	0.13%	–
ULTI	New	ULTIMATE SOFTWARE GROUP, INC.	$712,000	–	3,386	–	0.12%	–
TDG	New	TRANSDIGM GROUP INC	$707,000	–	2,681	–	0.12%	–
CRL	New	CHARLES RIVER LABS	$708,000	–	8,592	–	0.12%	–
LII	New	LENNOX INTERNATIONAL INC	$703,000	–	4,931	–	0.12%	–
DLB	New	DOLBY LABORATORIES INC - CL A	$700,000	–	14,632	–	0.12%	–
ULTA	New	ULTA SALON COSMETCS & FRAG I C	$702,000	–	2,880	–	0.12%	–
THG	New	HANOVER INSURANCE GROUP INC	$697,000	–	8,241	–	0.12%	–
ALKS	New	ALKERMES PLC	$693,000	–	16,036	–	0.12%	–
SEIC	New	SEI INVESTMENTS COMPANY	$689,000	–	14,318	–	0.12%	–
BC	New	BRUNSWICK CORP	$689,000	–	15,202	–	0.12%	–
SNI	New	SCRIPPS NETWORKS INTERACTIVE,	$686,000	–	11,012	–	0.12%	–
CPRT	New	COPART INC.	$685,000	–	13,980	–	0.12%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$669,000	–	27,492	–	0.12%	–
DST	New	DST SYSTEMS, INC.	$670,000	–	5,757	–	0.12%	–
NDSN	New	NORDSON CORP	$667,000	–	7,974	–	0.12%	–
DFODQ	New	DEAN FOODS CO	$668,000	–	36,918	–	0.12%	–
TROW	New	T ROWE PRICE GROUP INC	$662,000	–	9,074	–	0.12%	–
PPL	New	PPL CORP	$664,000	–	17,595	–	0.12%	–
PKI	New	PERKINELMER INC	$652,000	–	12,431	–	0.11%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$648,000	–	9,098	–	0.11%	–
SWN	New	SOUTHWESTERN ENERGY	$637,000	–	50,672	–	0.11%	–
RJF	New	RAYMOND JAMES FINANCIAL INC	$639,000	–	12,956	–	0.11%	–
OI	New	OWENS-ILLINOIS INC	$637,000	–	35,364	–	0.11%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$555,000	–	35,504	–	0.10%	–
AFL	New	AFLAC INC	$491,000	–	6,804	–	0.08%	–
ELY	New	CALLAWAY GOLF CO	$172,000	–	16,870	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-12,093	–	-0.01%	–
CALX	Exit	CALIX INC	$0	–	-15,470	–	-0.02%	–
CNC	Exit	CENTENE CORP	$0	–	-9,405	–	-0.08%	–
TK	Exit	TEEKAY SHIPPNG MARS IS COM	$0	–	-18,128	–	-0.08%	–
NRG	Exit	NRG ENERGY INC	$0	–	-37,236	–	-0.08%	–
LAZ	Exit	LAZARD LTD-CL A	$0	–	-13,591	–	-0.09%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS COM	$0	–	-13,630	–	-0.09%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-7,922	–	-0.09%	–
MDVN	Exit	MEDIVATION INC	$0	–	-14,222	–	-0.09%	–
ISRG	Exit	INTUITIVE SURGICAL INC COM	$0	–	-1,354	–	-0.10%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-9,615	–	-0.10%	–
UHS	Exit	UNIVERSAL HLTH	$0	–	-5,050	–	-0.10%	–
AGCO	Exit	AGCO CORP	$0	–	-13,569	–	-0.10%	–
WOOF	Exit	VCA ANTECH INC	$0	–	-12,240	–	-0.10%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY	$0	–	-31,653	–	-0.10%	–
CCK	Exit	CROWN HOLDING INC	$0	–	-14,006	–	-0.10%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-13,582	–	-0.10%	–
ENH	Exit	ENDURANCE SPECIATLY HLDS	$0	–	-11,051	–	-0.10%	–
CACC	Exit	CREDIT ACCEP CORP MICH	$0	–	-3,424	–	-0.10%	–
AFSI	Exit	AMTRUST FINANCIAL SERVICES INC	$0	–	-10,797	–	-0.10%	–
AOS	Exit	A.O SMITH CORP	$0	–	-10,538	–	-0.11%	–
JNPR	Exit	JUNIPER NETWORKS	$0	–	-26,820	–	-0.11%	–
ALLY	Exit	ALLY FINANCIAL INC	$0	–	-33,595	–	-0.11%	–
TTC	Exit	TORO CO	$0	–	-9,844	–	-0.11%	–
LDOS	Exit	LEIDOS HOLDINGS INC	$0	–	-16,793	–	-0.11%	–
RHT	Exit	RED HAT INC	$0	–	-9,625	–	-0.11%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-22,483	–	-0.11%	–
MANH	Exit	MANHATTAN ASSOCS INC COM	$0	–	-11,309	–	-0.11%	–
PAG	Exit	PENSKE AUTOMOTIVE GRP INC	$0	–	-14,666	–	-0.11%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-6,585	–	-0.11%	–
BIG	Exit	BIG LOTS INC	$0	–	-14,837	–	-0.11%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-14,700	–	-0.11%	–
ZTS	Exit	ZOETIS INC	$0	–	-17,471	–	-0.11%	–
DFODQ	Exit	DEAN FOODS CO	$0	–	-43,880	–	-0.11%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-44,342	–	-0.11%	–
HIG	Exit	HARTFORD FINL SVCS	$0	–	-15,837	–	-0.11%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-19,212	–	-0.11%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC	$0	–	-9,074	–	-0.11%	–
ATR	Exit	APTARGROUP INC	$0	–	-11,200	–	-0.11%	–
CBOE	Exit	CBOE HOLDINGS INC	$0	–	-11,154	–	-0.12%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS INC	$0	–	-48,198	–	-0.12%	–
NEBLQ	Exit	NOBLE CORPORATION PLC	$0	–	-69,866	–	-0.12%	–
VRSK	Exit	VERISK ANALYTICS INC CL A	$0	–	-10,305	–	-0.12%	–
LEA	Exit	LEAR CORP	$0	–	-7,059	–	-0.12%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-9,147	–	-0.12%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-14,465	–	-0.12%	–
DLX	Exit	DELUXE CORP	$0	–	-13,967	–	-0.12%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-10,069	–	-0.12%	–
EIX	Exit	EDISON INTL	$0	–	-12,604	–	-0.12%	–
JCPNQ	Exit	J C PENNEY COMPANY INC	$0	–	-86,362	–	-0.12%	–
HOLX	Exit	HOLOGIC	$0	–	-20,723	–	-0.12%	–
NSR	Exit	NEUSTAR INC CL A	$0	–	-29,776	–	-0.12%	–
FAF	Exit	FIRST AMERN FINL CORP	$0	–	-21,536	–	-0.13%	–
CASY	Exit	CASEY'S GENL STORES INC	$0	–	-8,179	–	-0.13%	–
RCL	Exit	ROYAL CARRIBEAN CRUISES	$0	–	-9,798	–	-0.14%	–
FL	Exit	FOOT LOCKER INC	$0	–	-12,397	–	-0.14%	–
MRK	Exit	MERCK & CO INC	$0	–	-20,029	–	-0.15%	–
PSX	Exit	PHILLIPS 66	$0	–	-13,738	–	-0.16%	–
BA	Exit	BOEING CORP	$0	–	-8,140	–	-0.16%	–
T	Exit	AT&T CORP	$0	–	-33,075	–	-0.17%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-14,079	–	-0.17%	–
UNH	Exit	UNITED HEALTHCARE CORP INC	$0	–	-9,647	–	-0.17%	–
NVDA	Exit	NVIDIA CORP	$0	–	-48,398	–	-0.18%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-19,343	–	-0.20%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-11,519	–	-0.20%	–
NKE	Exit	NIKE INC	$0	–	-11,269	–	-0.21%	–
NDAQ	Exit	NASDAQ INC	$0	–	-27,959	–	-0.23%	–
JLL	Exit	JONES LANG LASALLE INC COM	$0	–	-12,705	–	-0.28%	–
SEE	Exit	SEALED AIR CORP	$0	–	-42,351	–	-0.31%	–
QEP	Exit	QEP RESOURCES INC	$0	–	-438,306	–	-0.85%	–
SERV	Exit	SERVICEMASTER GLOBAL HOLDING I	$0	–	-224,000	–	-1.16%	–
PCAR	Exit	PACCAR	$0	–	-148,636	–	-1.20%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-738,128	–	-1.21%	–
AEE	Exit	AMEREN CORP	$0	–	-187,170	–	-1.22%	–
VNTV	Exit	VANTIV INC CL A	$0	–	-180,270	–	-1.25%	–
CBSH	Exit	COMMERCE BANCSHARES INC	$0	–	-180,328	–	-1.27%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-132,388	–	-1.39%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-66,535	–	-1.41%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-113,319	–	-1.47%	–
CE	Exit	CELANESE CORP	$0	–	-163,224	–	-1.49%	–
TSO	Exit	TESORO PETROLEUM CORP	$0	–	-101,874	–	-1.53%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-145,801	–	-1.62%	–
ACN	Exit	ACCENTURE PLC	$0	–	-108,858	–	-1.65%	–
CTAS	Exit	CINTAS CORPORATION	$0	–	-127,683	–	-1.69%	–
HD	Exit	HOME DEPOT INC	$0	–	-103,511	–	-1.84%	–
DRI	Exit	DARDEN RESTAURANTS	$0	–	-177,783	–	-1.88%	–
FISV	Exit	FISERV INC	$0	–	-141,471	–	-1.89%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-226,133	–	-2.28%	–
AMGN	Exit	AMGEN INC	$0	–	-110,195	–	-2.35%	–
TRN	Exit	TRINITY INDS INC COM	$0	–	-685,355	–	-2.39%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-359,080	–	-2.41%	–
DVN	Exit	DEVON ENERGY	$0	–	-423,097	–	-2.42%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-405,005	–	-2.44%	–
SYK	Exit	STRYKER CORP	$0	–	-173,079	–	-2.51%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-169,010	–	-2.56%	–
APD	Exit	AIR PRODUCTS AND CHEMICALS INC	$0	–	-131,977	–	-2.60%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-540,236	–	-2.61%	–
SC	Exit	SANTANDER CONSUMER USA HOLDING	$0	–	-832,305	–	-2.62%	–
LH	Exit	LABORATORY CORP OF AMERICA HLD	$0	–	-158,990	–	-2.66%	–
STI	Exit	SUNTRUST BKS	$0	–	-453,264	–	-2.67%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-126,177	–	-2.68%	–
CBRE	Exit	CBRE GROUP INC	$0	–	-549,360	–	-2.71%	–
MPC	Exit	MARATHON PETROLEUM CORPORATION	$0	–	-386,796	–	-2.76%	–
AAPL	Exit	APPLE INC	$0	–	-164,610	–	-2.80%	–
MHK	Exit	MOHAWK INDS	$0	–	-100,545	–	-2.82%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-408,569	–	-2.91%	–
KR	Exit	KROGER CO	$0	–	-555,568	–	-3.09%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-449,119	–	-3.26%	–
CMS	Exit	CMS ENERGY CORPORATION	$0	–	-605,986	–	-3.30%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-705,136	–	-3.33%	–
STZ	Exit	CONSTELLATION BRANDS INC	$0	–	-173,498	–	-3.35%	–

Q3 2015

			Value		Shares		↓ Weighting
STZ	Sell	CONSTELLATION BRANDS INC	$21,724,000	+4.5%	173,498	-3.2%	3.35%	+16.8%
PGR	Sell	PROGRESSIVE CORP	$21,605,000	+2.8%	705,136	-6.7%	3.33%	+14.8%
CMS	New	CMS ENERGY CORPORATION	$21,403,000	–	605,986	–	3.30%	–
EXPD	Buy	EXPEDITORS INTL WASH INC	$21,131,000	+2923.0%	449,119	+2861.5%	3.26%	+3291.7%
KR	Buy	KROGER CO	$20,039,000	-3.0%	555,568	+94.9%	3.09%	+8.4%
SNPS	Sell	SYNOPSYS INC	$18,868,000	-11.1%	408,569	-2.4%	2.91%	-0.6%
MHK	New	MOHAWK INDS	$18,278,000	–	100,545	–	2.82%	–
AAPL	Sell	APPLE INC	$18,156,000	-14.7%	164,610	-3.0%	2.80%	-4.7%
MPC	Sell	MARATHON PETROLEUM CORPORATION	$17,920,000	-14.3%	386,796	-3.3%	2.76%	-4.3%
CBRE	New	CBRE GROUP INC	$17,580,000	–	549,360	–	2.71%	–
GD	Buy	GENERAL DYNAMICS CORP	$17,406,000	+196.9%	126,177	+205.0%	2.68%	+231.9%
STI	New	SUNTRUST BKS	$17,333,000	–	453,264	–	2.67%	–
LH	Sell	LABORATORY CORP OF AMERICA HLD	$17,246,000	-12.7%	158,990	-2.5%	2.66%	-2.5%
SC	Buy	SANTANDER CONSUMER USA HOLDING	$16,996,000	+90.6%	832,305	+138.6%	2.62%	+112.9%
SYF	New	SYNCHRONY FINANCIAL	$16,909,000	–	540,236	–	2.61%	–
APD	New	AIR PRODUCTS AND CHEMICALS INC	$16,838,000	–	131,977	–	2.60%	–
GILD	Sell	GILEAD SCIENCES INC	$16,595,000	-18.3%	169,010	-2.6%	2.56%	-8.7%
SYK	New	STRYKER CORP	$16,287,000	–	173,079	–	2.51%	–
BK	New	BANK OF NEW YORK MELLON CORP	$15,856,000	–	405,005	–	2.44%	–
DVN	New	DEVON ENERGY	$15,693,000	–	423,097	–	2.42%	–
VZ	Sell	VERIZON COMMUNICATIONS	$15,624,000	-14.6%	359,080	-8.5%	2.41%	-4.5%
TRN	Buy	TRINITY INDS INC COM	$15,537,000	+2378.0%	685,355	+2788.4%	2.39%	+2683.7%
AMGN	Sell	AMGEN INC	$15,242,000	-12.3%	110,195	-2.7%	2.35%	-2.0%
LRCX	Sell	LAM RESEARCH CORP	$14,773,000	-25.7%	226,133	-7.5%	2.28%	-17.0%
FISV	Sell	FISERV INC	$12,253,000	0.0%	141,471	-4.4%	1.89%	+11.7%
DRI	Buy	DARDEN RESTAURANTS	$12,185,000	-1.4%	177,783	+2.2%	1.88%	+10.1%
HD	Sell	HOME DEPOT INC	$11,954,000	-0.6%	103,511	-4.4%	1.84%	+11.0%
CTAS	Sell	CINTAS CORPORATION	$10,949,000	-3.1%	127,683	-4.5%	1.69%	+8.2%
ACN	Sell	ACCENTURE PLC	$10,696,000	-2.7%	108,858	-4.2%	1.65%	+8.7%
WYND	New	WYNDHAM WORLDWIDE CORP	$10,483,000	–	145,801	–	1.62%	–
TSO	Sell	TESORO PETROLEUM CORP	$9,906,000	+3.9%	101,874	-9.8%	1.53%	+16.0%
CE	Sell	CELANESE CORP	$9,658,000	-21.6%	163,224	-4.8%	1.49%	-12.5%
TSCO	New	TRACTOR SUPPLY COMPANY	$9,555,000	–	113,319	–	1.47%	–
SBNY	Buy	SIGNATURE BANK	$9,153,000	-5.9%	66,535	+0.1%	1.41%	+5.1%
NTRS	Buy	NORTHERN TRUST CORP	$9,024,000	+648.9%	132,388	+739.9%	1.39%	+738.0%
CBSH	New	COMMERCE BANCSHARES INC	$8,216,000	–	180,328	–	1.27%	–
VNTV	New	VANTIV INC CL A	$8,098,000	–	180,270	–	1.25%	–
AEE	New	AMEREN CORP	$7,912,000	–	187,170	–	1.22%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$7,824,000	–	738,128	–	1.21%	–
PCAR	Sell	PACCAR	$7,754,000	-37.4%	148,636	-23.4%	1.20%	-30.1%
SERV	Buy	SERVICEMASTER GLOBAL HOLDING I	$7,515,000	+904.7%	224,000	+983.9%	1.16%	+1024.3%
QEP	Sell	QEP RESOURCES INC	$5,492,000	-32.4%	438,306	-0.2%	0.85%	-24.5%
SEE	Buy	SEALED AIR CORP	$1,985,000	+40.6%	42,351	+54.1%	0.31%	+56.9%
JLL	Sell	JONES LANG LASALLE INC COM	$1,827,000	-15.9%	12,705	-0.0%	0.28%	-6.0%
NDAQ	New	NASDAQ INC	$1,491,000	–	27,959	–	0.23%	–
NKE	New	NIKE INC	$1,386,000	–	11,269	–	0.21%	–
GPN	Sell	GLOBAL PAYMENTS INC	$1,322,000	-2.4%	11,519	-12.0%	0.20%	+9.1%
EA	Sell	ELECTRONIC ARTS INC	$1,310,000	-48.2%	19,343	-49.2%	0.20%	-42.1%
NVDA	New	NVIDIA CORP	$1,193,000	–	48,398	–	0.18%	–
UNH	New	UNITED HEALTHCARE CORP INC	$1,119,000	–	9,647	–	0.17%	–
HCA	Sell	HCA HOLDINGS INC	$1,089,000	-95.3%	14,079	-94.5%	0.17%	-94.7%
T	New	AT&T CORP	$1,078,000	–	33,075	–	0.17%	–
BA	Sell	BOEING CORP	$1,066,000	-7.8%	8,140	-2.3%	0.16%	+3.1%
PSX	Sell	PHILLIPS 66	$1,056,000	-7.0%	13,738	-2.5%	0.16%	+3.8%
MRK	New	MERCK & CO INC	$989,000	–	20,029	–	0.15%	–
FL	Sell	FOOT LOCKER INC	$892,000	-4.2%	12,397	-10.7%	0.14%	+7.0%
RCL	New	ROYAL CARRIBEAN CRUISES	$873,000	–	9,798	–	0.14%	–
FAF	Buy	FIRST AMERN FINL CORP	$841,000	+16.8%	21,536	+11.3%	0.13%	+31.3%
CASY	New	CASEY'S GENL STORES INC	$842,000	–	8,179	–	0.13%	–
HOLX	Sell	HOLOGIC	$811,000	+0.6%	20,723	-2.2%	0.12%	+12.6%
NSR	Buy	NEUSTAR INC CL A	$810,000	-4.0%	29,776	+3.0%	0.12%	+7.8%
JCPNQ	Buy	J C PENNEY COMPANY INC	$802,000	+13.1%	86,362	+3.2%	0.12%	+26.5%
ALK	New	ALASKA AIR GROUP INC	$800,000	–	10,069	–	0.12%	–
EIX	New	EDISON INTL	$795,000	–	12,604	–	0.12%	–
CAKE	Buy	CHEESECAKE FACTORY INC	$781,000	+2.2%	14,465	+3.2%	0.12%	+14.3%
DLX	Buy	DELUXE CORP	$779,000	-6.8%	13,967	+3.6%	0.12%	+4.3%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$770,000	-2.4%	9,147	+20.6%	0.12%	+9.2%
LEA	Sell	LEAR CORP	$768,000	-96.1%	7,059	-96.0%	0.12%	-95.7%
NEBLQ	New	NOBLE CORPORATION PLC	$762,000	–	69,866	–	0.12%	–
VRSK	New	VERISK ANALYTICS INC CL A	$762,000	–	10,305	–	0.12%	–
AEO	Buy	AMERICAN EAGLE OUTFITTERS INC	$753,000	-6.6%	48,198	+3.0%	0.12%	+4.5%
CBOE	New	CBOE HOLDINGS INC	$748,000	–	11,154	–	0.12%	–
ATR	New	APTARGROUP INC	$739,000	–	11,200	–	0.11%	–
ABG	Sell	ASBURY AUTOMOTIVE GROUP INC	$736,000	-22.2%	9,074	-13.1%	0.11%	-13.1%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$726,000	-3.5%	44,342	+3.2%	0.11%	+7.7%
DFODQ	Buy	DEAN FOODS CO	$725,000	+14.2%	43,880	+11.8%	0.11%	+27.3%
HIG	New	HARTFORD FINL SVCS	$725,000	–	15,837	–	0.11%	–
AZPN	Buy	ASPEN TECHNOLOGY INC	$728,000	-14.2%	19,212	+3.2%	0.11%	-4.3%
ZTS	New	ZOETIS INC	$719,000	–	17,471	–	0.11%	–
HFC	Sell	HOLLYFRONTIER CORP	$718,000	-2.8%	14,700	-15.1%	0.11%	+8.8%
DPZ	New	DOMINOS PIZZA INC	$711,000	–	6,585	–	0.11%	–
BIG	New	BIG LOTS INC	$711,000	–	14,837	–	0.11%	–
PAG	Buy	PENSKE AUTOMOTIVE GRP INC	$710,000	-4.2%	14,666	+3.2%	0.11%	+6.9%
MANH	New	MANHATTAN ASSOCS INC COM	$705,000	–	11,309	–	0.11%	–
FE	New	FIRSTENERGY CORP	$704,000	–	22,483	–	0.11%	–
RHT	New	RED HAT INC	$692,000	–	9,625	–	0.11%	–
LDOS	New	LEIDOS HOLDINGS INC	$694,000	–	16,793	–	0.11%	–
TTC	New	TORO CO	$694,000	–	9,844	–	0.11%	–
ALLY	Buy	ALLY FINANCIAL INC	$685,000	-6.2%	33,595	+3.2%	0.11%	+5.0%
AOS	New	A.O SMITH CORP	$687,000	–	10,538	–	0.11%	–
JNPR	New	JUNIPER NETWORKS	$690,000	–	26,820	–	0.11%	–
AFSI	Sell	AMTRUST FINANCIAL SERVICES INC	$680,000	-18.2%	10,797	-14.9%	0.10%	-8.7%
CACC	Buy	CREDIT ACCEP CORP MICH	$674,000	-17.8%	3,424	+2.8%	0.10%	-8.0%
ENH	Buy	ENDURANCE SPECIATLY HLDS	$674,000	-4.3%	11,051	+3.2%	0.10%	+7.2%
SPR	Sell	SPIRIT AEROSYSTEMS HLDGS INC	$657,000	-19.7%	13,582	-8.4%	0.10%	-10.6%
CCK	New	CROWN HOLDING INC	$641,000	–	14,006	–	0.10%	–
IDTI	Buy	INTEGRATED DEVICE TECHNOLOGY	$643,000	-3.3%	31,653	+3.2%	0.10%	+7.6%
WOOF	New	VCA ANTECH INC	$644,000	–	12,240	–	0.10%	–
AGCO	New	AGCO CORP	$633,000	–	13,569	–	0.10%	–
UHS	Sell	UNIVERSAL HLTH	$630,000	-26.3%	5,050	-16.1%	0.10%	-17.8%
ISRG	New	INTUITIVE SURGICAL INC COM	$622,000	–	1,354	–	0.10%	–
EMN	New	EASTMAN CHEM CO	$622,000	–	9,615	–	0.10%	–
IPGP	Buy	IPG PHOTONICS CORP	$602,000	-8.0%	7,922	+3.2%	0.09%	+3.3%
MDVN	New	MEDIVATION INC	$604,000	–	14,222	–	0.09%	–
LVLT	Buy	LEVEL 3 COMMUNICATIONS COM	$595,000	-14.5%	13,630	+3.2%	0.09%	-4.2%
LAZ	New	LAZARD LTD-CL A	$588,000	–	13,591	–	0.09%	–
NRG	New	NRG ENERGY INC	$553,000	–	37,236	–	0.08%	–
TK	New	TEEKAY SHIPPNG MARS IS COM	$537,000	–	18,128	–	0.08%	–
CNC	Buy	CENTENE CORP	$510,000	-30.4%	9,405	+3.2%	0.08%	-21.8%
CALX	New	CALIX INC	$121,000	–	15,470	–	0.02%	–
CORT	New	CORCEPT THERAPEUTICS INC	$45,000	–	12,093	–	0.01%	–
BRKA	Exit	BERKSHIRE HAT A 100TH	$0	–	-1	–	-0.03%	–
SPTN	Exit	SPARTANNASH CO	$0	–	-6,565	–	-0.03%	–
CLF	Exit	CLIFFS NATURAL RESOURCES INC	$0	–	-104,129	–	-0.06%	–
ATW	Exit	ATWOOD OCEANICSS INC	$0	–	-22,037	–	-0.08%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-25,461	–	-0.08%	–
PPC	Exit	PILGRIMS PRIDE CORP	$0	–	-27,734	–	-0.09%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-11,572	–	-0.09%	–
R	Exit	RYDER SYS	$0	–	-7,512	–	-0.09%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-52,921	–	-0.09%	–
AN	Exit	AUTONATION INC	$0	–	-10,995	–	-0.10%	–
DSW	Exit	DSW INC CL-A	$0	–	-20,713	–	-0.10%	–
UGI	Exit	UGI CORPORATION	$0	–	-20,385	–	-0.10%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYSTEMS	$0	–	-59,863	–	-0.10%	–
RNR	Exit	RENAISSANCERE HOLDINGS LTD	$0	–	-7,080	–	-0.10%	–
CNL	Exit	CLECO COROPRATION COMMON NEW	$0	–	-13,537	–	-0.10%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-14,016	–	-0.10%	–
THG	Exit	HANOVER INSURANCE GROUP INC	$0	–	-9,887	–	-0.10%	–
RE	Exit	EVEREST REINS HLDGS INC	$0	–	-4,067	–	-0.10%	–
ACM	Exit	AECOM TECHNOLOGY CORP	$0	–	-22,421	–	-0.10%	–
MNKKQ	Exit	MALLINCKRODT	$0	–	-6,317	–	-0.10%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO	$0	–	-25,174	–	-0.10%	–
AMCX	Exit	AMC NETWORKS INC A	$0	–	-9,413	–	-0.11%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-20,093	–	-0.11%	–
CPHD	Exit	CEPHEID INC	$0	–	-12,740	–	-0.11%	–
WEX	Exit	WEX INC	$0	–	-6,848	–	-0.11%	–
WTFC	Exit	WINTRUST FINANCIAL CORP	$0	–	-14,881	–	-0.11%	–
CYT	Exit	CYTEC INDS	$0	–	-13,659	–	-0.11%	–
LPNT	Exit	LIFEPOINT HEALTH INC	$0	–	-9,496	–	-0.11%	–
PRE	Exit	PARTNERRE LTD BERMUDA	$0	–	-6,569	–	-0.12%	–
VAC	Exit	MARRIOTT VACATIONS WORLD	$0	–	-9,262	–	-0.12%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-6,803	–	-0.13%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-8,731	–	-0.16%	–
BIIB	Exit	BIOGEN INC	$0	–	-3,203	–	-0.18%	–
ABC	Exit	AMERISOURCEBERGEN	$0	–	-18,695	–	-0.27%	–
AGN	Exit	ALLERGAN PLC	$0	–	-27,057	–	-1.13%	–
C	Exit	CITIGROUP INC	$0	–	-149,520	–	-1.14%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-213,652	–	-1.32%	–
ETR	Exit	ENTERGY CORP	$0	–	-143,684	–	-1.40%	–
HBI	Exit	HANESBRANDS INC COM	$0	–	-411,130	–	-1.89%	–
SNA	Exit	SNAP ON INC	$0	–	-89,213	–	-1.96%	–
URI	Exit	UNITED RENTALS INC	$0	–	-191,306	–	-2.31%	–
CAR	Exit	AVIS BUDGET GROUP INC	$0	–	-384,481	–	-2.34%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-227,287	–	-2.61%	–
MKL	Exit	MARKEL CORP COM	$0	–	-24,047	–	-2.66%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-219,190	–	-2.66%	–
AES	Exit	AES CORP	$0	–	-1,475,592	–	-2.70%	–
LYB	Exit	LYONDELLBASELL IND	$0	–	-190,059	–	-2.71%	–
CMCSA	Exit	COMCAST CORPORATION	$0	–	-334,212	–	-2.77%	–
PRU	Exit	PRUDENTIAL FINANCIAL	$0	–	-230,813	–	-2.79%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-98,659	–	-2.84%	–
SIVB	Exit	SVB FINL GROUP	$0	–	-147,169	–	-2.92%	–

Q2 2015

			Value		Shares		↓ Weighting
HCA	New	HCA HOLDINGS INC	$23,040,000	–	253,968	–	3.18%	–
AAPL	New	APPLE INC	$21,280,000	–	169,666	–	2.94%	–
SNPS	New	SYNOPSYS INC	$21,212,000	–	418,801	–	2.93%	–
SIVB	New	SVB FINL GROUP	$21,189,000	–	147,169	–	2.92%	–
PGR	New	PROGRESSIVE CORP	$21,023,000	–	755,402	–	2.90%	–
MPC	New	MARATHON PETROLEUM CORPORATION	$20,919,000	–	399,908	–	2.88%	–
STZ	New	CONSTELLATION BRANDS INC	$20,784,000	–	179,143	–	2.87%	–
KR	New	KROGER CO	$20,666,000	–	285,009	–	2.85%	–
GS	New	GOLDMAN SACHS GROUP INC	$20,599,000	–	98,659	–	2.84%	–
GILD	New	GILEAD SCIENCES INC	$20,315,000	–	173,512	–	2.80%	–
PRU	New	PRUDENTIAL FINANCIAL	$20,201,000	–	230,813	–	2.79%	–
CMCSA	New	COMCAST CORPORATION	$20,100,000	–	334,212	–	2.77%	–
LRCX	New	LAM RESEARCH CORP	$19,889,000	–	244,488	–	2.74%	–
LH	New	LABORATORY CORP OF AMERICA HLD	$19,764,000	–	163,045	–	2.73%	–
LEA	New	LEAR CORP	$19,706,000	–	175,537	–	2.72%	–
LYB	New	LYONDELLBASELL IND	$19,675,000	–	190,059	–	2.71%	–
AES	New	AES CORP	$19,566,000	–	1,475,592	–	2.70%	–
COF	New	CAPITAL ONE FINL CORP	$19,282,000	–	219,190	–	2.66%	–
MKL	New	MARKEL CORP COM	$19,254,000	–	24,047	–	2.66%	–
XOM	New	EXXON MOBIL CORP.	$18,910,000	–	227,287	–	2.61%	–
VZ	New	VERIZON COMMUNICATIONS	$18,289,000	–	392,393	–	2.52%	–
AMGN	New	AMGEN INC	$17,386,000	–	113,246	–	2.40%	–
CAR	New	AVIS BUDGET GROUP INC	$16,948,000	–	384,481	–	2.34%	–
URI	New	UNITED RENTALS INC	$16,762,000	–	191,306	–	2.31%	–
SNA	New	SNAP ON INC	$14,207,000	–	89,213	–	1.96%	–
HBI	New	HANESBRANDS INC COM	$13,699,000	–	411,130	–	1.89%	–
PCAR	New	PACCAR	$12,389,000	–	194,159	–	1.71%	–
DRI	New	DARDEN RESTAURANTS	$12,363,000	–	173,931	–	1.70%	–
CE	New	CELANESE CORP	$12,324,000	–	171,456	–	1.70%	–
FISV	New	FISERV INC	$12,253,000	–	147,931	–	1.69%	–
HD	New	HOME DEPOT INC	$12,027,000	–	108,222	–	1.66%	–
CTAS	New	CINTAS CORPORATION	$11,305,000	–	133,640	–	1.56%	–
ACN	New	ACCENTURE PLC	$10,992,000	–	113,580	–	1.52%	–
ETR	New	ENTERGY CORP	$10,130,000	–	143,684	–	1.40%	–
SBNY	New	SIGNATURE BANK	$9,730,000	–	66,466	–	1.34%	–
EWBC	New	EAST WEST BANCORP INC	$9,576,000	–	213,652	–	1.32%	–
TSO	New	TESORO PETROLEUM CORP	$9,535,000	–	112,960	–	1.32%	–
SC	New	SANTANDER CONSUMER USA HOLDING	$8,919,000	–	348,821	–	1.23%	–
C	New	CITIGROUP INC	$8,259,000	–	149,520	–	1.14%	–
AGN	New	ALLERGAN PLC	$8,211,000	–	27,057	–	1.13%	–
QEP	New	QEP RESOURCES INC	$8,127,000	–	439,080	–	1.12%	–
GD	New	GENERAL DYNAMICS CORP	$5,862,000	–	41,370	–	0.81%	–
EA	New	ELECTRONIC ARTS INC	$2,530,000	–	38,040	–	0.35%	–
JLL	New	JONES LANG LASALLE INC COM	$2,173,000	–	12,706	–	0.30%	–
ABC	New	AMERISOURCEBERGEN	$1,988,000	–	18,695	–	0.27%	–
SEE	New	SEALED AIR CORP	$1,412,000	–	27,481	–	0.20%	–
GPN	New	GLOBAL PAYMENTS INC	$1,354,000	–	13,090	–	0.19%	–
BIIB	New	BIOGEN INC	$1,294,000	–	3,203	–	0.18%	–
NTRS	New	NORTHERN TRUST CORP	$1,205,000	–	15,763	–	0.17%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$1,161,000	–	8,731	–	0.16%	–
BA	New	BOEING CORP	$1,156,000	–	8,334	–	0.16%	–
PSX	New	PHILLIPS 66	$1,135,000	–	14,092	–	0.16%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC	$946,000	–	10,442	–	0.13%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$931,000	–	6,803	–	0.13%	–
FL	New	FOOT LOCKER INC	$931,000	–	13,887	–	0.13%	–
UHS	New	UNIVERSAL HLTH	$855,000	–	6,018	–	0.12%	–
VAC	New	MARRIOTT VACATIONS WORLD	$850,000	–	9,262	–	0.12%	–
AZPN	New	ASPEN TECHNOLOGY INC	$848,000	–	18,620	–	0.12%	–
PRE	New	PARTNERRE LTD BERMUDA	$844,000	–	6,569	–	0.12%	–
NSR	New	NEUSTAR INC CL A	$844,000	–	28,908	–	0.12%	–
AFSI	New	AMTRUST FINANCIAL SERVICES INC	$831,000	–	12,688	–	0.12%	–
DLX	New	DELUXE CORP	$836,000	–	13,479	–	0.12%	–
CYT	New	CYTEC INDS	$827,000	–	13,659	–	0.11%	–
LPNT	New	LIFEPOINT HEALTH INC	$826,000	–	9,496	–	0.11%	–
CACC	New	CREDIT ACCEP CORP MICH	$820,000	–	3,330	–	0.11%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$818,000	–	14,834	–	0.11%	–
HOLX	New	HOLOGIC	$806,000	–	21,189	–	0.11%	–
AEO	New	AMERICAN EAGLE OUTFITTERS INC	$806,000	–	46,813	–	0.11%	–
WTFC	New	WINTRUST FINANCIAL CORP	$794,000	–	14,881	–	0.11%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$789,000	–	7,582	–	0.11%	–
WEX	New	WEX INC	$780,000	–	6,848	–	0.11%	–
CPHD	New	CEPHEID INC	$779,000	–	12,740	–	0.11%	–
AMCX	New	AMC NETWORKS INC A	$770,000	–	9,413	–	0.11%	–
TOL	New	TOLL BROTHERS INC	$767,000	–	20,093	–	0.11%	–
GT	New	GOODYEAR TIRE & RUBBER CO	$759,000	–	25,174	–	0.10%	–
CAKE	New	CHEESECAKE FACTORY INC	$764,000	–	14,018	–	0.10%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$752,000	–	42,969	–	0.10%	–
MNKKQ	New	MALLINCKRODT	$744,000	–	6,317	–	0.10%	–
SERV	New	SERVICEMASTER GLOBAL HOLDING I	$748,000	–	20,667	–	0.10%	–
RE	New	EVEREST REINS HLDGS INC	$740,000	–	4,067	–	0.10%	–
PAG	New	PENSKE AUTOMOTIVE GRP INC	$741,000	–	14,211	–	0.10%	–
HFC	New	HOLLYFRONTIER CORP	$739,000	–	17,310	–	0.10%	–
ACM	New	AECOM TECHNOLOGY CORP	$742,000	–	22,421	–	0.10%	–
CNL	New	CLECO COROPRATION COMMON NEW	$729,000	–	13,537	–	0.10%	–
CAM	New	CAMERON INTERNATIONAL CORP	$734,000	–	14,016	–	0.10%	–
THG	New	HANOVER INSURANCE GROUP INC	$732,000	–	9,887	–	0.10%	–
CNC	New	CENTENE CORP	$733,000	–	9,116	–	0.10%	–
ALLY	New	ALLY FINANCIAL INC	$730,000	–	32,557	–	0.10%	–
FAF	New	FIRST AMERN FINL CORP	$720,000	–	19,350	–	0.10%	–
RNR	New	RENAISSANCERE HOLDINGS LTD	$719,000	–	7,080	–	0.10%	–
JCPNQ	New	J C PENNEY COMPANY INC	$709,000	–	83,696	–	0.10%	–
BRCD	New	BROCADE COMMUNICATIONS SYSTEMS	$711,000	–	59,863	–	0.10%	–
ENH	New	ENDURANCE SPECIATLY HLDS	$704,000	–	10,710	–	0.10%	–
UGI	New	UGI CORPORATION	$702,000	–	20,385	–	0.10%	–
EXPD	New	EXPEDITORS INTL WASH INC	$699,000	–	15,165	–	0.10%	–
LVLT	New	LEVEL 3 COMMUNICATIONS COM	$696,000	–	13,210	–	0.10%	–
AN	New	AUTONATION INC	$692,000	–	10,995	–	0.10%	–
DSW	New	DSW INC CL-A	$691,000	–	20,713	–	0.10%	–
LPI	New	LAREDO PETROLEUM INC	$666,000	–	52,921	–	0.09%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY	$665,000	–	30,665	–	0.09%	–
R	New	RYDER SYS	$656,000	–	7,512	–	0.09%	–
IPGP	New	IPG PHOTONICS CORP	$654,000	–	7,676	–	0.09%	–
ALB	New	ALBEMARLE CORP	$640,000	–	11,572	–	0.09%	–
DFODQ	New	DEAN FOODS CO	$635,000	–	39,243	–	0.09%	–
PPC	New	PILGRIMS PRIDE CORP	$637,000	–	27,734	–	0.09%	–
TRN	New	TRINITY INDS INC COM	$627,000	–	23,728	–	0.09%	–
AGO	New	ASSURED GUARANTY LTD	$611,000	–	25,461	–	0.08%	–
ATW	New	ATWOOD OCEANICSS INC	$583,000	–	22,037	–	0.08%	–
CLF	New	CLIFFS NATURAL RESOURCES INC	$451,000	–	104,129	–	0.06%	–
SPTN	New	SPARTANNASH CO	$214,000	–	6,565	–	0.03%	–
BRKA	New	BERKSHIRE HAT A 100TH	$205,000	–	1	–	0.03%	–

Q4 2014

			Value		Shares		↓ Weighting
HOSSQ	Exit	HORNBECK OFFSHR	$0	–	-11,993	–	-0.06%	–
LAD	Exit	LITHIA MTRS INC CL A	$0	–	-5,636	–	-0.06%	–
PAG	Exit	PENSKE AUTOMOTIVE GRP INC	$0	–	-10,719	–	-0.07%	–
GATX	Exit	GATX CORP	$0	–	-7,866	–	-0.07%	–
AMKR	Exit	AMKOR TECHNOLOGY INC	$0	–	-55,769	–	-0.07%	–
RESI	Exit	ALTISOURCE RESIDENTIAL CORP	$0	–	-20,106	–	-0.07%	–
CE	Exit	CELANESE CORP	$0	–	-8,350	–	-0.07%	–
UNTCQ	Exit	UNIT CORP	$0	–	-8,263	–	-0.07%	–
GNTX	Exit	GENTEX CORP	$0	–	-18,207	–	-0.07%	–
SPNV	Exit	SUPERIOR ENERGY SVCS COM	$0	–	-14,792	–	-0.07%	–
EDE	Exit	EMPIRE DIST ELEC CO COM	$0	–	-20,299	–	-0.08%	–
ANSS	Exit	ANSYS INC	$0	–	-6,472	–	-0.08%	–
ICON	Exit	ICONIX BRAND GP	$0	–	-13,384	–	-0.08%	–
ARMK	Exit	ARAMARK	$0	–	-18,791	–	-0.08%	–
RFMD	Exit	RF MICRO DEVICES	$0	–	-42,966	–	-0.08%	–
NUE	Exit	NUCOR CORP	$0	–	-9,023	–	-0.08%	–
HOLX	Exit	HOLOGIC	$0	–	-20,200	–	-0.08%	–
CIT	Exit	CIT GROUP INC	$0	–	-10,932	–	-0.08%	–
LEN	Exit	LENNAR CORP	$0	–	-12,799	–	-0.08%	–
SANM	Exit	SANMINA CORP	$0	–	-24,024	–	-0.08%	–
AIZ	Exit	ASSURANT INC	$0	–	-7,898	–	-0.08%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-7,659	–	-0.08%	–
GPK	Exit	GRAPHIC PACKAGING HLDG CO	$0	–	-40,844	–	-0.08%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-12,821	–	-0.08%	–
XL	Exit	XL GROUP PLC	$0	–	-15,555	–	-0.08%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-13,430	–	-0.08%	–
MCY	Exit	MERCURY GENL CORP	$0	–	-10,473	–	-0.08%	–
HLX	Exit	HELIX ENERGY SOLUTIONS	$0	–	-23,196	–	-0.08%	–
OTTR	Exit	OTTER TAIL POWER	$0	–	-19,328	–	-0.08%	–
LPNT	Exit	LIFEPOINT HOSPITALS, INC.	$0	–	-7,374	–	-0.08%	–
CRL	Exit	CHARLES RIVER LABS	$0	–	-8,557	–	-0.08%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA	$0	–	-6,376	–	-0.08%	–
IVR	Exit	INVESCO MORTGAGE CAPITAL INC	$0	–	-32,750	–	-0.08%	–
CVC	Exit	CABLEVISION SYSTEMS CORP A	$0	–	-29,532	–	-0.08%	–
AHL	Exit	ASPEN INSURANCE HOLDINGS LTD	$0	–	-12,087	–	-0.08%	–
BHE	Exit	BENCHMARK ELECTRONICS INC	$0	–	-23,262	–	-0.08%	–
HII	Exit	HUNTINGTON INGALLS INDUSTRIES	$0	–	-5,071	–	-0.08%	–
ABG	Exit	ASBURY AUTOMOTIVE GROUP INC	$0	–	-8,172	–	-0.08%	–
LECO	Exit	LINCOLN ELECTRIC HOLDINGS	$0	–	-7,630	–	-0.08%	–
HURN	Exit	HURON CONSLT GP	$0	–	-8,597	–	-0.08%	–
ENH	Exit	ENDURANCE SPECIATLY HLDS	$0	–	-9,652	–	-0.08%	–
VRNT	Exit	VERINT SYSTEMS INC	$0	–	-9,581	–	-0.08%	–
AFSI	Exit	AMTRUST FINANCIAL SERVICES INC	$0	–	-13,409	–	-0.08%	–
HLSSF	Exit	HOME LOAN SERVICING SOLUTIONS	$0	–	-25,475	–	-0.08%	–
FCN	Exit	FTI CONSULTING INC	$0	–	-15,877	–	-0.08%	–
BAH	Exit	BOOZ ALLEN HAMILTON HOLDING CO	$0	–	-23,741	–	-0.08%	–
KWR	Exit	QUAKER CHEMICAL	$0	–	-7,797	–	-0.08%	–
ENDP	Exit	ENDO INTERNATIONAL PLC	$0	–	-8,143	–	-0.08%	–
LAZ	Exit	LAZARD LTD-CL A	$0	–	-11,042	–	-0.08%	–
WSTC	Exit	WEST CORP COM	$0	–	-18,937	–	-0.08%	–
HAIN	Exit	HAIN CELESTIAL GRP INC	$0	–	-5,542	–	-0.09%	–
TRN	Exit	TRINITY INDS INC COM	$0	–	-12,064	–	-0.09%	–
BEE	Exit	STRATEGIC HOTELS AND RESORTS R	$0	–	-49,364	–	-0.09%	–
LCI	Exit	LANNET INC	$0	–	-12,736	–	-0.09%	–
CHE	Exit	CHEMED CORP	$0	–	-5,637	–	-0.09%	–
WW	Exit	WEIGHT WATCHERS INTL INC.	$0	–	-21,294	–	-0.09%	–
DLX	Exit	DELUXE CORP	$0	–	-10,887	–	-0.09%	–
PRXL	Exit	PAREXEL INTERNATIONAL	$0	–	-9,523	–	-0.09%	–
SYA	Exit	SYMETRA FINL CORP	$0	–	-26,141	–	-0.09%	–
BLL	Exit	BALL CORP	$0	–	-9,776	–	-0.09%	–
FDP	Exit	FRESH DEL MONTE PROD ORD	$0	–	-19,415	–	-0.09%	–
VAC	Exit	MARRIOTT VACATIONS WORLD	$0	–	-9,846	–	-0.10%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-9,761	–	-0.10%	–
VPRT	Exit	VISTAPRINT LTD	$0	–	-11,734	–	-0.10%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLDWD	$0	–	-13,369	–	-0.17%	–
R	Exit	RYDER SYS	$0	–	-13,497	–	-0.18%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-17,867	–	-0.19%	–
SBAC	Exit	SBA COMMUNICATIONS CORP CL A	$0	–	-11,567	–	-0.20%	–
INTC	Exit	INTEL CORP	$0	–	-37,549	–	-0.20%	–
LEA	Exit	LEAR CORP	$0	–	-30,227	–	-0.40%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-17,540	–	-0.66%	–
ACE	Exit	ACE LTD	$0	–	-43,191	–	-0.69%	–
SM	Exit	SM ENERGY CO	$0	–	-59,850	–	-0.71%	–
FTI	Exit	FMC TECHNOLOGIES INC	$0	–	-86,386	–	-0.71%	–
CMA	Exit	COMERICA INC COM	$0	–	-94,880	–	-0.72%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-486,810	–	-0.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-81,280	–	-0.74%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-39,440	–	-0.76%	–
GAS	Exit	AGL RESOURCE INC.	$0	–	-102,064	–	-0.80%	–
JNJ	Exit	JOHNSON&JOHNSON	$0	–	-55,638	–	-0.90%	–
APH	Exit	AMPHENOL CORP	$0	–	-60,095	–	-0.91%	–
URI	Exit	UNITED RENTALS INC	$0	–	-54,561	–	-0.92%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-105,082	–	-1.12%	–
JAH	Exit	JARDEN CORP COM	$0	–	-145,081	–	-1.33%	–
DAL	Exit	DELTA AIR LINES INC DEL NEW	$0	–	-241,810	–	-1.33%	–
CAT	Exit	CATERPILLAR INC	$0	–	-121,801	–	-1.83%	–
AAPL	Exit	APPLE INC	$0	–	-135,899	–	-2.08%	–
WLK	Exit	WESTLAKE CHEMICAL CORP	$0	–	-158,728	–	-2.09%	–
MPC	Exit	MARATHON PETROLEUM CORPORATION	$0	–	-169,560	–	-2.18%	–
AMGN	Exit	AMGEN INC	$0	–	-103,989	–	-2.22%	–
CTXS	Exit	CITRIX SYSTEMS, INC.	$0	–	-206,366	–	-2.24%	–
HBI	Exit	HANESBRANDS INC COM	$0	–	-137,235	–	-2.24%	–
DIS	Exit	WALT DISNEY CO	$0	–	-166,452	–	-2.25%	–
FL	Exit	FOOT LOCKER INC	$0	–	-268,702	–	-2.27%	–
FB	Exit	FACEBOOK INC-A	$0	–	-192,143	–	-2.31%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-107,811	–	-2.33%	–
SNA	Exit	SNAP ON INC	$0	–	-131,143	–	-2.42%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-169,263	–	-2.52%	–
PRU	Exit	PRUDENTIAL FINANCIAL	$0	–	-194,243	–	-2.60%	–
UHS	Exit	UNIVERSAL HLTH	$0	–	-165,800	–	-2.64%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-348,610	–	-2.65%	–
WLL	Exit	WHITING PETROLEUM	$0	–	-233,825	–	-2.76%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP.	$0	–	-223,733	–	-2.76%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-55,376	–	-2.79%	–
PFG	Exit	PRINCIPAL FINANCIAL GROUP	$0	–	-353,701	–	-2.82%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-360,646	–	-2.84%	–
STZ	Exit	CONSTELLATION BRANDS INC	$0	–	-215,858	–	-2.86%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-152,884	–	-2.87%	–
MCHP	Exit	MICROCHIP TECHNOLGY INC	$0	–	-399,556	–	-2.87%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-361,593	–	-2.95%	–
EIX	Exit	EDISON INTL	$0	–	-349,322	–	-2.97%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-148,710	–	-2.98%	–
LYB	Exit	LYONDELLBASELL IND	$0	–	-180,714	–	-2.99%	–
AET	Exit	AETNA INC	$0	–	-244,345	–	-3.01%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-313,528	–	-3.07%	–
KR	Exit	KROGER CO	$0	–	-392,085	–	-3.10%	–

Q3 2014

			Value		Shares		↓ Weighting
KR	Sell	KROGER CO	$20,388,000	+3.6%	392,085	-1.6%	3.10%	+9.4%
DFS	Sell	DISCOVER FINANCIAL SERVICES	$20,188,000	-0.4%	313,528	-4.1%	3.07%	+5.2%
AET	Sell	AETNA INC	$19,792,000	-2.8%	244,345	-2.7%	3.01%	+2.8%
LYB	Sell	LYONDELLBASELL IND	$19,636,000	-6.5%	180,714	-16.0%	2.99%	-1.2%
NOC	Sell	NORTHROP GRUMMAN CORP	$19,594,000	-4.3%	148,710	-13.1%	2.98%	+1.2%
EIX	Buy	EDISON INTL	$19,534,000	+240.8%	349,322	+254.2%	2.97%	+260.0%
LNC	Sell	LINCOLN NATIONAL CORP	$19,374,000	+1.3%	361,593	-2.7%	2.95%	+7.1%
MCHP	Sell	MICROCHIP TECHNOLGY INC	$18,871,000	-5.8%	399,556	-2.6%	2.87%	-0.5%
AMP	New	AMERIPRISE FINANCIAL INC	$18,863,000	–	152,884	–	2.87%	–
STZ	Buy	CONSTELLATION BRANDS INC	$18,814,000	+29.9%	215,858	+31.3%	2.86%	+37.3%
WFC	Sell	WELLS FARGO & CO	$18,707,000	-5.2%	360,646	-3.9%	2.84%	+0.2%
PFG	New	PRINCIPAL FINANCIAL GROUP	$18,559,000	–	353,701	–	2.82%	–
BIIB	Sell	BIOGEN IDEC INC	$18,319,000	+2.3%	55,376	-2.5%	2.79%	+8.2%
WYND	Buy	WYNDHAM WORLDWIDE CORP.	$18,181,000	+46.4%	223,733	+36.4%	2.76%	+54.7%
WLL	Buy	WHITING PETROLEUM	$18,133,000	+226.0%	233,825	+237.4%	2.76%	+244.6%
VZ	Buy	VERIZON COMMUNICATIONS	$17,427,000	+8527.2%	348,610	+8361.4%	2.65%	+9037.9%
UHS	Sell	UNIVERSAL HLTH	$17,326,000	-13.7%	165,800	-20.9%	2.64%	-8.7%
PRU	Sell	PRUDENTIAL FINANCIAL	$17,082,000	-3.8%	194,243	-2.9%	2.60%	+1.6%
HP	Sell	HELMERICH & PAYNE INC	$16,566,000	-18.0%	169,263	-2.7%	2.52%	-13.3%
SNA	Buy	SNAP ON INC	$15,879,000	+3.8%	131,143	+1.6%	2.42%	+9.7%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$15,322,000	+15.9%	107,811	+7.5%	2.33%	+22.5%
FB	Buy	FACEBOOK INC-A	$15,187,000	+885.5%	192,143	+739.2%	2.31%	+940.1%
FL	Sell	FOOT LOCKER INC	$14,953,000	-10.5%	268,702	-18.4%	2.27%	-5.4%
DIS	Buy	WALT DISNEY CO	$14,819,000	+9.2%	166,452	+5.2%	2.25%	+15.4%
HBI	Buy	HANESBRANDS INC COM	$14,745,000	+2329.2%	137,235	+2127.1%	2.24%	+2477.0%
CTXS	Buy	CITRIX SYSTEMS, INC.	$14,722,000	+2626.3%	206,366	+2291.8%	2.24%	+2770.5%
AMGN	New	AMGEN INC	$14,606,000	–	103,989	–	2.22%	–
MPC	New	MARATHON PETROLEUM CORPORATION	$14,357,000	–	169,560	–	2.18%	–
WLK	Sell	WESTLAKE CHEMICAL CORP	$13,744,000	-16.0%	158,728	-18.7%	2.09%	-11.2%
AAPL	New	APPLE INC	$13,692,000	–	135,899	–	2.08%	–
CAT	Sell	CATERPILLAR INC	$12,062,000	-11.9%	121,801	-3.4%	1.83%	-7.0%
DAL	Sell	DELTA AIR LINES INC DEL NEW	$8,741,000	-9.8%	241,810	-3.4%	1.33%	-4.7%
JAH	New	JARDEN CORP COM	$8,721,000	–	145,081	–	1.33%	–
MAN	Sell	MANPOWERGROUP INC	$7,366,000	-23.8%	105,082	-7.7%	1.12%	-19.5%
URI	Sell	UNITED RENTALS INC	$6,062,000	-0.1%	54,561	-5.9%	0.92%	+5.5%
APH	Sell	AMPHENOL CORP	$6,001,000	-2.4%	60,095	-5.9%	0.91%	+3.1%
JNJ	Sell	JOHNSON&JOHNSON	$5,930,000	-7.9%	55,638	-9.6%	0.90%	-2.7%
GAS	Buy	AGL RESOURCE INC.	$5,240,000	+900.0%	102,064	+971.7%	0.80%	+962.7%
GD	New	GENERAL DYNAMICS CORP	$5,012,000	–	39,440	–	0.76%	–
JPM	New	JPMORGAN CHASE & CO	$4,896,000	–	81,280	–	0.74%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$4,737,000	–	486,810	–	0.72%	–
CMA	New	COMERICA INC COM	$4,731,000	–	94,880	–	0.72%	–
FTI	New	FMC TECHNOLOGIES INC	$4,692,000	–	86,386	–	0.71%	–
SM	Sell	SM ENERGY CO	$4,668,000	-12.7%	59,850	-5.9%	0.71%	-7.7%
ACE	Sell	ACE LTD	$4,529,000	-9.7%	43,191	-10.7%	0.69%	-4.6%
ADS	New	ALLIANCE DATA SYSTEMS CORP	$4,355,000	–	17,540	–	0.66%	–
LEA	New	LEAR CORP	$2,612,000	–	30,227	–	0.40%	–
INTC	New	INTEL CORP	$1,307,000	–	37,549	–	0.20%	–
SBAC	Sell	SBA COMMUNICATIONS CORP CL A	$1,283,000	+2.3%	11,567	-5.7%	0.20%	+8.3%
HCA	New	HCA HOLDINGS INC	$1,260,000	–	17,867	–	0.19%	–
R	Sell	RYDER SYS	$1,214,000	+0.7%	13,497	-1.4%	0.18%	+6.3%
HOT	Sell	STARWOOD HOTELS&RESORTS WRLDWD	$1,112,000	-1.5%	13,369	-4.3%	0.17%	+4.3%
VPRT	New	VISTAPRINT LTD	$643,000	–	11,734	–	0.10%	–
DPS	Sell	DR PEPPER SNAPPLE GROUP INC	$628,000	+9.6%	9,761	-0.3%	0.10%	+15.9%
VAC	New	MARRIOTT VACATIONS WORLD	$624,000	–	9,846	–	0.10%	–
FDP	Sell	FRESH DEL MONTE PROD ORD	$619,000	+3.7%	19,415	-0.3%	0.09%	+9.3%
BLL	Buy	BALL CORP	$619,000	+3.7%	9,776	+2.7%	0.09%	+9.3%
SYA	Sell	SYMETRA FINL CORP	$610,000	+2.2%	26,141	-0.4%	0.09%	+8.1%
PRXL	Sell	PAREXEL INTERNATIONAL	$601,000	+19.0%	9,523	-0.3%	0.09%	+24.7%
DLX	Buy	DELUXE CORP	$601,000	-3.4%	10,887	+2.5%	0.09%	+2.2%
WW	Sell	WEIGHT WATCHERS INTL INC.	$584,000	+14.5%	21,294	-15.9%	0.09%	+21.9%
CHE	New	CHEMED CORP	$580,000	–	5,637	–	0.09%	–
LCI	Sell	LANNET INC	$582,000	-8.2%	12,736	-0.4%	0.09%	-3.3%
BEE	Buy	STRATEGIC HOTELS AND RESORTS R	$575,000	+8.7%	49,364	+9.3%	0.09%	+14.5%
TRN	Sell	TRINITY INDS INC COM	$564,000	+6.6%	12,064	-0.2%	0.09%	+13.2%
HAIN	New	HAIN CELESTIAL GRP INC	$567,000	–	5,542	–	0.09%	–
KWR	New	QUAKER CHEMICAL	$559,000	–	7,797	–	0.08%	–
WSTC	New	WEST CORP COM	$558,000	–	18,937	–	0.08%	–
ENDP	New	ENDO INTERNATIONAL PLC	$556,000	–	8,143	–	0.08%	–
BAH	New	BOOZ ALLEN HAMILTON HOLDING CO	$556,000	–	23,741	–	0.08%	–
LAZ	Sell	LAZARD LTD-CL A	$560,000	-1.9%	11,042	-0.3%	0.08%	+3.7%
FCN	Buy	FTI CONSULTING INC	$555,000	+0.5%	15,877	+8.7%	0.08%	+6.3%
HLSSF	Sell	HOME LOAN SERVICING SOLUTIONS	$540,000	-7.1%	25,475	-0.4%	0.08%	-2.4%
ENH	Sell	ENDURANCE SPECIATLY HLDS	$533,000	+6.8%	9,652	-0.2%	0.08%	+12.5%
AFSI	Sell	AMTRUST FINANCIAL SERVICES INC	$534,000	-5.0%	13,409	-0.3%	0.08%	0.0%
VRNT	New	VERINT SYSTEMS INC	$533,000	–	9,581	–	0.08%	–
HII	Sell	HUNTINGTON INGALLS INDUSTRIES	$528,000	+9.8%	5,071	-0.3%	0.08%	+15.9%
HURN	New	HURON CONSLT GP	$524,000	–	8,597	–	0.08%	–
LECO	New	LINCOLN ELECTRIC HOLDINGS	$528,000	–	7,630	–	0.08%	–
ABG	Sell	ASBURY AUTOMOTIVE GROUP INC	$526,000	-20.2%	8,172	-14.8%	0.08%	-15.8%
AHL	New	ASPEN INSURANCE HOLDINGS LTD	$517,000	–	12,087	–	0.08%	–
CVC	New	CABLEVISION SYSTEMS CORP A	$517,000	–	29,532	–	0.08%	–
BHE	New	BENCHMARK ELECTRONICS INC	$517,000	–	23,262	–	0.08%	–
OTTR	New	OTTER TAIL POWER	$515,000	–	19,328	–	0.08%	–
RGA	New	REINSURANCE GROUP OF AMERICA	$511,000	–	6,376	–	0.08%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$511,000	–	13,430	–	0.08%	–
MCY	New	MERCURY GENL CORP	$511,000	–	10,473	–	0.08%	–
CRL	Sell	CHARLES RIVER LABS	$511,000	+11.3%	8,557	-0.3%	0.08%	+18.2%
LPNT	New	LIFEPOINT HOSPITALS, INC.	$510,000	–	7,374	–	0.08%	–
HLX	Sell	HELIX ENERGY SOLUTIONS	$512,000	-16.3%	23,196	-0.3%	0.08%	-11.4%
IVR	New	INVESCO MORTGAGE CAPITAL INC	$515,000	–	32,750	–	0.08%	–
XL	New	XL GROUP PLC	$516,000	–	15,555	–	0.08%	–
BBBY	New	BED BATH & BEYOND INC	$504,000	–	7,659	–	0.08%	–
SNPS	New	SYNOPSYS INC	$509,000	–	12,821	–	0.08%	–
GPK	New	GRAPHIC PACKAGING HLDG CO	$508,000	–	40,844	–	0.08%	–
AIZ	New	ASSURANT INC	$508,000	–	7,898	–	0.08%	–
LEN	New	LENNAR CORP	$497,000	–	12,799	–	0.08%	–
SANM	Sell	SANMINA CORP	$501,000	-20.2%	24,024	-12.8%	0.08%	-15.6%
CIT	New	CIT GROUP INC	$502,000	–	10,932	–	0.08%	–
HOLX	New	HOLOGIC	$491,000	–	20,200	–	0.08%	–
ICON	Sell	ICONIX BRAND GP	$494,000	-24.9%	13,384	-12.7%	0.08%	-21.1%
RFMD	New	RF MICRO DEVICES	$496,000	–	42,966	–	0.08%	–
NUE	New	NUCOR CORP	$490,000	–	9,023	–	0.08%	–
EDE	New	EMPIRE DIST ELEC CO COM	$490,000	–	20,299	–	0.08%	–
ARMK	New	ARAMARK	$494,000	–	18,791	–	0.08%	–
ANSS	New	ANSYS INC	$490,000	–	6,472	–	0.08%	–
UNTCQ	Sell	UNIT CORP	$485,000	-14.9%	8,263	-0.3%	0.07%	-9.8%
CE	Sell	CELANESE CORP	$489,000	-9.1%	8,350	-0.2%	0.07%	-3.9%
GNTX	New	GENTEX CORP	$487,000	–	18,207	–	0.07%	–
SPNV	New	SUPERIOR ENERGY SVCS COM	$486,000	–	14,792	–	0.07%	–
RESI	New	ALTISOURCE RESIDENTIAL CORP	$483,000	–	20,106	–	0.07%	–
AMKR	New	AMKOR TECHNOLOGY INC	$469,000	–	55,769	–	0.07%	–
GATX	Sell	GATX CORP	$459,000	-13.1%	7,866	-0.3%	0.07%	-7.9%
PAG	Sell	PENSKE AUTOMOTIVE GRP INC	$435,000	-18.2%	10,719	-0.3%	0.07%	-14.3%
LAD	Sell	LITHIA MTRS INC CL A	$427,000	-35.5%	5,636	-19.9%	0.06%	-31.6%
HOSSQ	New	HORNBECK OFFSHR	$393,000	–	11,993	–	0.06%	–
MON	Exit	MONSANTO	$0	–	-1,951	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-2,450	–	-0.04%	–
TMO	Exit	THERMO ELECTRON CORP	$0	–	-2,120	–	-0.04%	–
CMCSA	Exit	COMCAST CORPORATION	$0	–	-4,980	–	-0.04%	–
PEP	Exit	PEPSICO INC	$0	–	-2,935	–	-0.04%	–
CTSH	Exit	COGNIZANT TECH SOLUTNS CL A	$0	–	-5,360	–	-0.04%	–
QCOM	Exit	QUALCOM	$0	–	-3,330	–	-0.04%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-3,195	–	-0.04%	–
UNP	Exit	UNION PACIFIC	$0	–	-2,660	–	-0.04%	–
V107SC	Exit	WELLPOINT INC	$0	–	-2,460	–	-0.04%	–
MO	Exit	ALTRIA GROUP, INC	$0	–	-6,260	–	-0.04%	–
HPQ	Exit	HEWLETT-PACKARD COMPANY	$0	–	-8,707	–	-0.04%	–
DVN	Exit	DEVON ENERGY	$0	–	-3,760	–	-0.04%	–
CELG	Exit	CELGENE CORP	$0	–	-3,480	–	-0.04%	–
EXC	Exit	EXELON CORP	$0	–	-8,170	–	-0.04%	–
CCE	Exit	COCA-COLA ENTERPRISES INC	$0	–	-8,058	–	-0.06%	–
MTD	Exit	METTLER TOLEDO	$0	–	-1,906	–	-0.07%	–
TUP	Exit	TUPPERWARE CORP	$0	–	-5,959	–	-0.07%	–
NWSA	Exit	NEWS CORP - CL A	$0	–	-27,965	–	-0.07%	–
CVI	Exit	CVR ENERGY INC COM	$0	–	-10,431	–	-0.07%	–
RRGB	Exit	RED ROBIN GOURMET BURGERS	$0	–	-7,118	–	-0.07%	–
WCG	Exit	WELLCARE HEALTH PLANS INC	$0	–	-6,832	–	-0.07%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTD	$0	–	-35,728	–	-0.07%	–
EME	Exit	EMCOR GROUP INC	$0	–	-11,577	–	-0.07%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HOLDINGS I	$0	–	-13,865	–	-0.07%	–
DHI	Exit	DR HORTON INC	$0	–	-20,950	–	-0.07%	–
CSC	Exit	COMPUTER SCIENCES	$0	–	-8,239	–	-0.08%	–
ASB	Exit	ASSOCIATED BANC-CORP	$0	–	-28,976	–	-0.08%	–
AFG	Exit	AMERICAN FINANCIAL GROUP INC	$0	–	-8,895	–	-0.08%	–
CCK	Exit	CROWN HOLDING INC	$0	–	-10,795	–	-0.08%	–
AWHHF	Exit	ALLIED WORLD ASSURANCE COMPANY	$0	–	-14,005	–	-0.08%	–
PKI	Exit	PERKIN ELMER	$0	–	-11,487	–	-0.08%	–
B108PS	Exit	ACTAVIS PLC	$0	–	-2,397	–	-0.08%	–
LNT	Exit	ALLIANT ENERGY CORP COM	$0	–	-8,931	–	-0.08%	–
PRE	Exit	PARTNERRE LTD BERMUDA	$0	–	-4,980	–	-0.08%	–
CMO	Exit	CAPSTEAD MORTGAGE CORP	$0	–	-41,860	–	-0.08%	–
WR	Exit	WESTAR ENERGY INC COM	$0	–	-14,317	–	-0.08%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-17,680	–	-0.08%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-4,689	–	-0.08%	–
PTP	Exit	PLATINUM UNDERWRITERS HLDGS	$0	–	-8,911	–	-0.08%	–
HRS	Exit	HARRIS	$0	–	-7,643	–	-0.08%	–
UPLMQ	Exit	ULTRA PETE CORP COM	$0	–	-19,407	–	-0.08%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-13,456	–	-0.09%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-31,885	–	-0.09%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-8,927	–	-0.09%	–
SAFM	Exit	SANDERSON FARMS	$0	–	-6,231	–	-0.09%	–
TRS	Exit	TRIMAS CORP	$0	–	-16,047	–	-0.09%	–
EXH	Exit	EXTERRAN HLDGS INC COM	$0	–	-13,594	–	-0.09%	–
MRH	Exit	MONTPELIER RE HOLDINGS LTD	$0	–	-19,419	–	-0.09%	–
FINL	Exit	FINISH LINE INC CL A	$0	–	-20,730	–	-0.09%	–
TTEC	Exit	TELETECH HLDGS INC COM	$0	–	-21,627	–	-0.09%	–
IPXL	Exit	IMPAX LABORATORIES INC	$0	–	-22,790	–	-0.10%	–
YHOO	Exit	YAHOO! INC	$0	–	-29,441	–	-0.15%	–
CBS	Exit	CBS CORP.	$0	–	-20,137	–	-0.18%	–
BWA	Exit	BORGWARNER INC	$0	–	-19,604	–	-0.18%	–
HUM	Exit	HUMANA INC	$0	–	-10,240	–	-0.19%	–
TXN	Exit	TEXAS INSTRS	$0	–	-30,020	–	-0.21%	–
KMB	Exit	KIMBERLY CLARK	$0	–	-43,142	–	-0.69%	–
KEY	Exit	KEYCORP	$0	–	-345,130	–	-0.71%	–
STI	Exit	SUNTRUST BKS	$0	–	-123,700	–	-0.71%	–
TWX	Exit	TIME WARNER INC	$0	–	-73,590	–	-0.74%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-59,958	–	-0.77%	–
KORS	Exit	MICHAEL KORS HOLDINGS LTD	$0	–	-138,790	–	-1.77%	–
DOX	Exit	AMDOCS LTD	$0	–	-270,154	–	-1.80%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-200,615	–	-2.09%	–
PCLN	Exit	THE PRICELINE GROUP INC	$0	–	-12,251	–	-2.12%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-273,462	–	-2.43%	–
TRV	Exit	TRAVELERS COS INC	$0	–	-185,567	–	-2.51%	–
TRW	Exit	TRW AUTOMOTIVE HLDGS CORP	$0	–	-203,448	–	-2.62%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-455,784	–	-2.68%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-220,243	–	-2.68%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS COM	$0	–	-459,670	–	-2.90%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-240,402	–	-2.96%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-176,439	–	-2.97%	–

Q2 2014

			Value		Shares		↓ Weighting
LYB	New	LYONDELLBASELL IND	$21,002,000	–	215,079	–	3.02%	–
EOG	New	EOG RESOURCES INC	$20,619,000	–	176,439	–	2.97%	–
COP	New	CONOCOPHILLIPS	$20,610,000	–	240,402	–	2.96%	–
NOC	New	NORTHROP GRUMMAN CORP	$20,470,000	–	171,112	–	2.94%	–
AET	New	AETNA INC	$20,359,000	–	251,103	–	2.93%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$20,270,000	–	327,048	–	2.92%	–
HP	New	HELMERICH & PAYNE INC	$20,197,000	–	173,950	–	2.91%	–
LVLT	New	LEVEL 3 COMMUNICATIONS COM	$20,184,000	–	459,670	–	2.90%	–
UHS	New	UNIVERSAL HLTH	$20,067,000	–	209,560	–	2.89%	–
MCHP	New	MICROCHIP TECHNOLGY INC	$20,032,000	–	410,400	–	2.88%	–
WFC	New	WELLS FARGO & CO	$19,734,000	–	375,450	–	2.84%	–
KR	New	KROGER CO	$19,687,000	–	398,282	–	2.83%	–
LNC	New	LINCOLN NATIONAL CORP	$19,121,000	–	371,707	–	2.75%	–
TROW	New	T ROWE PRICE GROUP INC	$18,591,000	–	220,243	–	2.68%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$18,591,000	–	455,784	–	2.68%	–
TRW	New	TRW AUTOMOTIVE HLDGS CORP	$18,213,000	–	203,448	–	2.62%	–
BIIB	New	BIOGEN IDEC INC	$17,903,000	–	56,780	–	2.58%	–
PRU	New	PRUDENTIAL FINANCIAL	$17,754,000	–	199,995	–	2.56%	–
TRV	New	TRAVELERS COS INC	$17,456,000	–	185,567	–	2.51%	–
TEL	New	TE CONNECTIVITY LTD	$16,911,000	–	273,462	–	2.43%	–
FL	New	FOOT LOCKER INC	$16,711,000	–	329,468	–	2.40%	–
WLK	New	WESTLAKE CHEMICAL CORP	$16,360,000	–	195,316	–	2.35%	–
SNA	New	SNAP ON INC	$15,300,000	–	129,093	–	2.20%	–
PCLN	New	THE PRICELINE GROUP INC	$14,738,000	–	12,251	–	2.12%	–
ADBE	New	ADOBE SYSTEMS INC	$14,517,000	–	200,615	–	2.09%	–
STZ	New	CONSTELLATION BRANDS INC	$14,485,000	–	164,364	–	2.08%	–
CAT	New	CATERPILLAR INC	$13,696,000	–	126,036	–	1.97%	–
DIS	New	WALT DISNEY CO	$13,567,000	–	158,230	–	1.95%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$13,219,000	–	100,297	–	1.90%	–
DOX	New	AMDOCS LTD	$12,516,000	–	270,154	–	1.80%	–
WYND	New	WYNDHAM WORLDWIDE CORP.	$12,417,000	–	163,984	–	1.79%	–
KORS	New	MICHAEL KORS HOLDINGS LTD	$12,304,000	–	138,790	–	1.77%	–
DAL	New	DELTA AIR LINES INC DEL NEW	$9,694,000	–	250,370	–	1.40%	–
MAN	New	MANPOWERGROUP INC	$9,665,000	–	113,903	–	1.39%	–
JNJ	New	JOHNSON&JOHNSON	$6,442,000	–	61,571	–	0.93%	–
APH	New	AMPHENOL CORP	$6,149,000	–	63,831	–	0.88%	–
URI	New	UNITED RENTALS INC	$6,071,000	–	57,969	–	0.87%	–
EIX	New	EDISON INTL	$5,731,000	–	98,631	–	0.82%	–
WLL	New	WHITING PETROLEUM	$5,562,000	–	69,310	–	0.80%	–
SM	New	SM ENERGY CO	$5,348,000	–	63,590	–	0.77%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$5,339,000	–	59,958	–	0.77%	–
TWX	New	TIME WARNER INC	$5,170,000	–	73,590	–	0.74%	–
ACE	New	ACE LTD	$5,018,000	–	48,387	–	0.72%	–
STI	New	SUNTRUST BKS	$4,955,000	–	123,700	–	0.71%	–
KEY	New	KEYCORP	$4,946,000	–	345,130	–	0.71%	–
KMB	New	KIMBERLY CLARK	$4,798,000	–	43,142	–	0.69%	–
FB	New	FACEBOOK INC-A	$1,541,000	–	22,897	–	0.22%	–
TXN	New	TEXAS INSTRS	$1,435,000	–	30,020	–	0.21%	–
HUM	New	HUMANA INC	$1,308,000	–	10,240	–	0.19%	–
BWA	New	BORGWARNER INC	$1,278,000	–	19,604	–	0.18%	–
CBS	New	CBS CORP.	$1,251,000	–	20,137	–	0.18%	–
SBAC	New	SBA COMMUNICATIONS CORP CL A	$1,254,000	–	12,261	–	0.18%	–
R	New	RYDER SYS	$1,206,000	–	13,692	–	0.17%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLDWD	$1,129,000	–	13,970	–	0.16%	–
YHOO	New	YAHOO! INC	$1,034,000	–	29,441	–	0.15%	–
IPXL	New	IMPAX LABORATORIES INC	$683,000	–	22,790	–	0.10%	–
LAD	New	LITHIA MTRS INC CL A	$662,000	–	7,034	–	0.10%	–
ICON	New	ICONIX BRAND GP	$658,000	–	15,330	–	0.10%	–
ABG	New	ASBURY AUTOMOTIVE GROUP INC	$659,000	–	9,587	–	0.10%	–
LCI	New	LANNET INC	$634,000	–	12,787	–	0.09%	–
TTEC	New	TELETECH HLDGS INC COM	$627,000	–	21,627	–	0.09%	–
SANM	New	SANMINA CORP	$628,000	–	27,566	–	0.09%	–
MRH	New	MONTPELIER RE HOLDINGS LTD	$620,000	–	19,419	–	0.09%	–
FINL	New	FINISH LINE INC CL A	$617,000	–	20,730	–	0.09%	–
DLX	New	DELUXE CORP	$622,000	–	10,619	–	0.09%	–
HLX	New	HELIX ENERGY SOLUTIONS	$612,000	–	23,275	–	0.09%	–
EXH	New	EXTERRAN HLDGS INC COM	$612,000	–	13,594	–	0.09%	–
TRS	New	TRIMAS CORP	$612,000	–	16,047	–	0.09%	–
SAFM	New	SANDERSON FARMS	$606,000	–	6,231	–	0.09%	–
HBI	New	HANESBRANDS INC COM	$607,000	–	6,162	–	0.09%	–
LRCX	New	LAM RESEARCH CORP	$603,000	–	8,927	–	0.09%	–
SYA	New	SYMETRA FINL CORP	$597,000	–	26,253	–	0.09%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$595,000	–	13,456	–	0.09%	–
BLL	New	BALL CORP	$597,000	–	9,518	–	0.09%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$598,000	–	31,885	–	0.09%	–
FDP	New	FRESH DEL MONTE PROD ORD	$597,000	–	19,482	–	0.09%	–
HLSSF	New	HOME LOAN SERVICING SOLUTIONS	$581,000	–	25,575	–	0.08%	–
PTP	New	PLATINUM UNDERWRITERS HLDGS	$578,000	–	8,911	–	0.08%	–
HRS	New	HARRIS	$579,000	–	7,643	–	0.08%	–
UPLMQ	New	ULTRA PETE CORP COM	$576,000	–	19,407	–	0.08%	–
LAZ	New	LAZARD LTD-CL A	$571,000	–	11,071	–	0.08%	–
UNTCQ	New	UNIT CORP	$570,000	–	8,285	–	0.08%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$573,000	–	9,786	–	0.08%	–
AFSI	New	AMTRUST FINANCIAL SERVICES INC	$562,000	–	13,451	–	0.08%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$566,000	–	4,689	–	0.08%	–
WBS	New	WEBSTER FINANCIAL CORP	$558,000	–	17,680	–	0.08%	–
CMO	New	CAPSTEAD MORTGAGE CORP	$550,000	–	41,860	–	0.08%	–
FCN	New	FTI CONSULTING INC	$552,000	–	14,603	–	0.08%	–
WR	New	WESTAR ENERGY INC COM	$547,000	–	14,317	–	0.08%	–
LNT	New	ALLIANT ENERGY CORP COM	$544,000	–	8,931	–	0.08%	–
PRE	New	PARTNERRE LTD BERMUDA	$544,000	–	4,980	–	0.08%	–
CTXS	New	CITRIX SYSTEMS, INC.	$540,000	–	8,628	–	0.08%	–
PKI	New	PERKIN ELMER	$538,000	–	11,487	–	0.08%	–
B108PS	New	ACTAVIS PLC	$535,000	–	2,397	–	0.08%	–
AWHHF	New	ALLIED WORLD ASSURANCE COMPANY	$532,000	–	14,005	–	0.08%	–
PAG	New	PENSKE AUTOMOTIVE GRP INC	$532,000	–	10,747	–	0.08%	–
CCK	New	CROWN HOLDING INC	$537,000	–	10,795	–	0.08%	–
CE	New	CELANESE CORP	$538,000	–	8,367	–	0.08%	–
TRN	New	TRINITY INDS INC COM	$529,000	–	12,090	–	0.08%	–
BEE	New	STRATEGIC HOTELS AND RESORTS R	$529,000	–	45,182	–	0.08%	–
AFG	New	AMERICAN FINANCIAL GROUP INC	$530,000	–	8,895	–	0.08%	–
GATX	New	GATX CORP	$528,000	–	7,890	–	0.08%	–
CSC	New	COMPUTER SCIENCES	$521,000	–	8,239	–	0.08%	–
ASB	New	ASSOCIATED BANC-CORP	$524,000	–	28,976	–	0.08%	–
GAS	New	AGL RESOURCE INC.	$524,000	–	9,524	–	0.08%	–
DHI	New	DR HORTON INC	$515,000	–	20,950	–	0.07%	–
AAWW	New	ATLAS AIR WORLDWIDE HOLDINGS I	$511,000	–	13,865	–	0.07%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTD	$512,000	–	35,728	–	0.07%	–
EME	New	EMCOR GROUP INC	$516,000	–	11,577	–	0.07%	–
RRGB	New	RED ROBIN GOURMET BURGERS	$507,000	–	7,118	–	0.07%	–
WW	New	WEIGHT WATCHERS INTL INC.	$510,000	–	25,308	–	0.07%	–
PRXL	New	PAREXEL INTERNATIONAL	$505,000	–	9,548	–	0.07%	–
WCG	New	WELLCARE HEALTH PLANS INC	$510,000	–	6,832	–	0.07%	–
ENH	New	ENDURANCE SPECIATLY HLDS	$499,000	–	9,674	–	0.07%	–
CVI	New	CVR ENERGY INC COM	$503,000	–	10,431	–	0.07%	–
NWSA	New	NEWS CORP - CL A	$502,000	–	27,965	–	0.07%	–
TUP	New	TUPPERWARE CORP	$499,000	–	5,959	–	0.07%	–
HII	New	HUNTINGTON INGALLS INDUSTRIES	$481,000	–	5,085	–	0.07%	–
MTD	New	METTLER TOLEDO	$483,000	–	1,906	–	0.07%	–
CRL	New	CHARLES RIVER LABS	$459,000	–	8,584	–	0.07%	–
CCE	New	COCA-COLA ENTERPRISES INC	$385,000	–	8,058	–	0.06%	–
EXC	New	EXELON CORP	$298,000	–	8,170	–	0.04%	–
CELG	New	CELGENE CORP	$299,000	–	3,480	–	0.04%	–
DVN	New	DEVON ENERGY	$299,000	–	3,760	–	0.04%	–
HPQ	New	HEWLETT-PACKARD COMPANY	$293,000	–	8,707	–	0.04%	–
QCOM	New	QUALCOM	$264,000	–	3,330	–	0.04%	–
V107SC	New	WELLPOINT INC	$265,000	–	2,460	–	0.04%	–
UNP	New	UNION PACIFIC	$265,000	–	2,660	–	0.04%	–
CTSH	New	COGNIZANT TECH SOLUTNS CL A	$262,000	–	5,360	–	0.04%	–
CMCSA	New	COMCAST CORPORATION	$267,000	–	4,980	–	0.04%	–
PEP	New	PEPSICO INC	$262,000	–	2,935	–	0.04%	–
MO	New	ALTRIA GROUP, INC	$263,000	–	6,260	–	0.04%	–
GILD	New	GILEAD SCIENCES INC	$265,000	–	3,195	–	0.04%	–
XOM	New	EXXON MOBIL CORP.	$247,000	–	2,450	–	0.04%	–
TMO	New	THERMO ELECTRON CORP	$250,000	–	2,120	–	0.04%	–
MON	New	MONSANTO	$243,000	–	1,951	–	0.04%	–
VZ	New	VERIZON COMMUNICATIONS	$202,000	–	4,120	–	0.03%	–

Q4 2013

			Value		Shares		↓ Weighting
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-8,700	–	-0.04%	–
SJM	Exit	JM SMUCKER COMPANY	$0	–	-2,940	–	-0.05%	–
VMI	Exit	VALMONT INDS	$0	–	-2,742	–	-0.06%	–
CLF	Exit	CLIFFS NATURAL RESOURCES INC	$0	–	-18,710	–	-0.06%	–
BAH	Exit	BOOZ ALLEN HAMILTON HOLDIMGS	$0	–	-20,041	–	-0.06%	–
NU	Exit	NORTHEAST UTILS	$0	–	-9,650	–	-0.06%	–
HAIN	Exit	HAIN CELESTIAL GRP INC	$0	–	-5,305	–	-0.06%	–
WEC	Exit	WISCONSIN ENERGY CORP COM	$0	–	-10,110	–	-0.06%	–
TRN	Exit	TRINITY INDS INC COM	$0	–	-9,000	–	-0.06%	–
UMPQ	Exit	UMPQUA HOLDINGS CORP	$0	–	-25,696	–	-0.06%	–
UNTCQ	Exit	UNIT CORP	$0	–	-9,035	–	-0.06%	–
WDC	Exit	WESTERN DIGITAL	$0	–	-6,616	–	-0.06%	–
LNC	Exit	LINCOLN NATL CORP IND	$0	–	-10,148	–	-0.06%	–
GME	Exit	GAMESTOP CORP CL A	$0	–	-8,708	–	-0.07%	–
MDP	Exit	MEREDITH CORP	$0	–	-9,134	–	-0.07%	–
HBI	Exit	HANESBRANDS INC COM	$0	–	-7,016	–	-0.07%	–
MRH	Exit	MONTPELIER RE HOLDINGS LTD	$0	–	-16,833	–	-0.07%	–
AGCO	Exit	AGCO CORP	$0	–	-7,323	–	-0.07%	–
WAFD	Exit	WASHINGTON FEDERAL INC.	$0	–	-21,473	–	-0.07%	–
SNTS	Exit	SANTARUS INC COM	$0	–	-19,586	–	-0.07%	–
KMPR	Exit	KEMPER CORP	$0	–	-13,275	–	-0.07%	–
MTH	Exit	MERITAGE CORP COM	$0	–	-10,494	–	-0.07%	–
CRZO	Exit	CARRIZO OIL&GAS	$0	–	-12,021	–	-0.07%	–
IDA	Exit	IDACORP INC	$0	–	-9,263	–	-0.07%	–
USTR	Exit	UNITED STATIONERS	$0	–	-10,345	–	-0.07%	–
AES	Exit	AES CORP	$0	–	-33,678	–	-0.07%	–
AWHHF	Exit	ALLIED WRLD ASSUR HLDG L SHS	$0	–	-4,493	–	-0.07%	–
SDOCQ	Exit	SANDRIDGE ENERGY INC COM	$0	–	-77,072	–	-0.07%	–
HRS	Exit	HARRIS	$0	–	-7,634	–	-0.07%	–
WOR	Exit	WORTHINGTON INDS INC COM	$0	–	-13,185	–	-0.07%	–
NWE	Exit	NORTHWESTERN CORP COM NEW	$0	–	-10,324	–	-0.07%	–
JKHY	Exit	HENRY JACK & ASSOC INC	$0	–	-8,978	–	-0.07%	–
ARW	Exit	ARROW	$0	–	-9,529	–	-0.07%	–
PAG	Exit	PENSKE AUTOMOTIVE GRP INC	$0	–	-10,740	–	-0.07%	–
TSS	Exit	TOTAL SYSTEM SERVICES INC	$0	–	-15,639	–	-0.07%	–
PEGA	Exit	PEGASYSTEMS INC	$0	–	-11,739	–	-0.07%	–
SCI	Exit	SERVICE CORP INTERNATIONAL	$0	–	-25,308	–	-0.07%	–
CNA	Exit	CNA FINL CORP COM	$0	–	-12,196	–	-0.07%	–
OSK	Exit	OSHKOSH CORP	$0	–	-9,564	–	-0.07%	–
MHFI	Exit	MCGRAW HILL FINANCIAL INC	$0	–	-7,113	–	-0.07%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS INC COM	$0	–	-5,068	–	-0.07%	–
HLF	Exit	HERBALIFE LTD	$0	–	-6,742	–	-0.07%	–
WCRX	Exit	WARNER CHILCOTT LTD CL A	$0	–	-20,325	–	-0.07%	–
SYA	Exit	SYMETRA FINL CORP	$0	–	-26,517	–	-0.07%	–
LSI	Exit	LSI CORPORATION	$0	–	-61,407	–	-0.07%	–
LEA	Exit	LEAR CORP	$0	–	-6,729	–	-0.07%	–
USM	Exit	UNITED STATES CELLULAR CORP	$0	–	-10,770	–	-0.07%	–
AFSI	Exit	AMTRUST FINANCIAL SERVICES I	$0	–	-12,747	–	-0.08%	–
OCR	Exit	OMNICARE INC COM	$0	–	-8,908	–	-0.08%	–
BDC	Exit	BELDEN CDT INC	$0	–	-7,744	–	-0.08%	–
SFG	Exit	STANCORP FICNACIAL GROUP	$0	–	-8,959	–	-0.08%	–
GNCIQ	Exit	GNC HOLDINGS INC CL A	$0	–	-9,178	–	-0.08%	–
PRXL	Exit	PAREXEL INTERNATIONAL	$0	–	-10,013	–	-0.08%	–
ONB	Exit	OLD NATL BANCORP	$0	–	-35,057	–	-0.08%	–
ATK	Exit	ALLIANT TECHSYSTEMS, INC.	$0	–	-5,192	–	-0.08%	–
NUS	Exit	NU SKIN ENTERPRISES CL A	$0	–	-5,282	–	-0.08%	–
ICON	Exit	ICONIX BRAND GP	$0	–	-15,479	–	-0.08%	–
ABG	Exit	ASBURY AUTO GRP	$0	–	-9,681	–	-0.08%	–
HII	Exit	HUNTINGTON INGALLS INDUSTRIES	$0	–	-7,671	–	-0.08%	–
DLX	Exit	DELUXE CORP	$0	–	-12,317	–	-0.08%	–
HLS	Exit	HEALTHSOUTH CORP	$0	–	-15,225	–	-0.08%	–
EEFT	Exit	EURONET WORLDWIDE INC.	$0	–	-13,419	–	-0.08%	–
OASPQ	Exit	OASIS PETROLEUM INC	$0	–	-10,903	–	-0.08%	–
PRAA	Exit	PORTFOLIO RECOVERY ASSOCIATE	$0	–	-9,542	–	-0.09%	–
WST	Exit	WEST PHARM SVC	$0	–	-14,088	–	-0.09%	–
SGY	Exit	STONE ENERGY CORP	$0	–	-17,860	–	-0.09%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-60,823	–	-0.17%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-21,595	–	-0.17%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-29,613	–	-0.17%	–
AET	Exit	AETNA INC	$0	–	-17,456	–	-0.17%	–
ABT	Exit	ABBOT LABS	$0	–	-61,700	–	-0.31%	–
RAI	Exit	REYNOLDS AMERICAN INC.	$0	–	-42,210	–	-0.31%	–
MON	Exit	MONSANTO	$0	–	-21,055	–	-0.33%	–
CVS	Exit	CVS CORPORATION	$0	–	-39,117	–	-0.34%	–
NEE	Exit	NextERA Energy Inc	$0	–	-28,010	–	-0.34%	–
UNP	Exit	UNION PACIFIC	$0	–	-14,740	–	-0.35%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-19,870	–	-0.35%	–
EMC	Exit	EMC CORP MASS	$0	–	-90,950	–	-0.35%	–
VMW	Exit	VMWARE INC CL A COM	$0	–	-28,800	–	-0.35%	–
DVN	Exit	DEVON ENERGY	$0	–	-40,430	–	-0.35%	–
ESRX	Exit	EXPRESS SCRIPTS INC COM	$0	–	-38,290	–	-0.36%	–
AAPL	Exit	APPLE COMPUTERS	$0	–	-5,150	–	-0.37%	–
HES	Exit	HESS CORP	$0	–	-33,860	–	-0.40%	–
BA	Exit	BOEING CORP	$0	–	-23,080	–	-0.41%	–
CELG	Exit	CELGENE CORP COM	$0	–	-18,747	–	-0.44%	–
SBUX	Exit	STARBUCKS CORPORATION	$0	–	-37,750	–	-0.44%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-30,175	–	-0.51%	–
KEY	Exit	KEYCORP	$0	–	-335,900	–	-0.58%	–
F	Exit	FORD MTR CO	$0	–	-229,430	–	-0.59%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP,	$0	–	-80,770	–	-0.60%	–
OII	Exit	OCEANEERING INTL INC COM	$0	–	-48,580	–	-0.60%	–
9207PS	Exit	ROCK-TENN COMPANY A	$0	–	-40,158	–	-0.62%	–
ACE	Exit	ACE LIMITED	$0	–	-43,630	–	-0.62%	–
DAL	Exit	DELTA AIR LINES INC DEL NEW	$0	–	-186,300	–	-0.67%	–
CI	Exit	CIGNA	$0	–	-58,588	–	-0.68%	–
MCHP	Exit	MICROCHIP TECH INC	$0	–	-115,152	–	-0.70%	–
RE	Exit	EVEREST REINS HLDGS INC	$0	–	-32,196	–	-0.71%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-86,870	–	-0.72%	–
NTAP	Exit	NETAPP INC	$0	–	-118,626	–	-0.77%	–
JNJ	Exit	JOHNSON&JOHNSON	$0	–	-69,140	–	-0.91%	–
APC	Exit	ANADARKO PETROLEUM CO	$0	–	-69,232	–	-0.98%	–
CSC	Exit	COMPUTER SCIENCES	$0	–	-211,723	–	-1.66%	–
V107SC	Exit	WELLPOINT HLT NETW	$0	–	-131,058	–	-1.66%	–
GPS	Exit	GAP INC	$0	–	-303,293	–	-1.85%	–
LYB	Exit	LYONDELLBASELL IND	$0	–	-170,610	–	-1.90%	–
WLK	Exit	WESTLAKE CHEMICAL CORP	$0	–	-122,141	–	-1.94%	–
LB	Exit	LIMITED BRANDS INC.	$0	–	-210,317	–	-1.95%	–
R	Exit	RYDER SYS	$0	–	-217,273	–	-1.97%	–
SNA	Exit	SNAP ON INC	$0	–	-134,113	–	-2.02%	–
PEG	Exit	PUBLIC SVC ENTERPRS	$0	–	-413,565	–	-2.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-189,106	–	-2.18%	–
SNDK	Exit	SANDISK CORP COM	$0	–	-246,055	–	-2.22%	–
BWA	Exit	BORG WARNER INC	$0	–	-145,822	–	-2.24%	–
V	Exit	VISA INC CL A	$0	–	-78,275	–	-2.27%	–
TXN	Exit	TEXAS INSTRS	$0	–	-381,608	–	-2.33%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLDWD	$0	–	-232,661	–	-2.34%	–
DNRCQ	Exit	DENBURY RESOURCES INC	$0	–	-853,681	–	-2.38%	–
PRU	Exit	PRUDENTIAL FINANCIAL	$0	–	-203,600	–	-2.41%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-345,501	–	-2.45%	–
CBS	Exit	CBS CORP	$0	–	-296,576	–	-2.48%	–
WFC	Exit	WELLS FARGO & COMPANY	$0	–	-398,712	–	-2.50%	–
YHOO	Exit	YAHOO! INC	$0	–	-515,338	–	-2.59%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-246,173	–	-2.60%	–
HUM	Exit	HUMANA INC	$0	–	-184,736	–	-2.62%	–
KR	Exit	KROGER CO	$0	–	-432,500	–	-2.65%	–
MET	Exit	METLIFE INC	$0	–	-372,405	–	-2.65%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-334,184	–	-2.66%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-256,340	–	-2.67%	–
MYL	Exit	MYLAN INC	$0	–	-464,852	–	-2.69%	–
TRV	Exit	TRAVELERS COS INC	$0	–	-214,416	–	-2.76%	–
RTN	Exit	RAYTHEON	$0	–	-241,314	–	-2.82%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-388,233	–	-2.98%	–
NOC	Exit	NORTHROP GRUMMAN	$0	–	-210,237	–	-3.04%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-121,662	–	-3.12%	–

Q3 2013

			Value		Shares		↓ Weighting
EOG	Buy	EOG RESOURCES INC	$20,595,000	+30.5%	121,662	+1.5%	3.12%	+10.3%
NOC	Buy	NORTHROP GRUMMAN	$20,027,000	+16.5%	210,237	+1.3%	3.04%	-1.5%
DFS	Buy	DISCOVER FINANCIAL SERVICES	$19,621,000	+17.2%	388,233	+10.5%	2.98%	-0.8%
RTN	Buy	RAYTHEON	$18,598,000	+32.2%	241,314	+13.5%	2.82%	+11.9%
TRV	Buy	TRAVELERS COS INC	$18,176,000	+17.4%	214,416	+10.7%	2.76%	-0.6%
MYL	Buy	MYLAN INC	$17,743,000	+42.6%	464,852	+15.9%	2.69%	+20.6%
COF	New	CAPITAL ONE FINL CORP	$17,621,000	–	256,340	–	2.67%	–
KRFT	Buy	KRAFT FOODS GROUP INC	$17,538,000	+666.9%	334,184	+716.3%	2.66%	+548.8%
MET	New	METLIFE INC	$17,484,000	–	372,405	–	2.65%	–
KR	Buy	KROGER CO	$17,447,000	+27.1%	432,500	+8.8%	2.65%	+7.5%
HUM	Buy	HUMANA INC	$17,241,000	+27.9%	184,736	+15.7%	2.62%	+8.2%
COP	New	CONOCOPHILLIPS	$17,111,000	–	246,173	–	2.60%	–
YHOO	Sell	YAHOO! INC	$17,094,000	+27.5%	515,338	-3.4%	2.59%	+7.9%
WFC	Buy	WELLS FARGO & COMPANY	$16,475,000	+553.5%	398,712	+552.7%	2.50%	+452.9%
CBS	Buy	CBS CORP	$16,359,000	+22.6%	296,576	+8.6%	2.48%	+3.7%
VZ	Buy	VERIZON COMMUNICATIONS	$16,126,000	+10.7%	345,501	+19.4%	2.45%	-6.4%
PRU	New	PRUDENTIAL FINANCIAL	$15,877,000	–	203,600	–	2.41%	–
DNRCQ	Buy	DENBURY RESOURCES INC	$15,716,000	+20.2%	853,681	+13.1%	2.38%	+1.7%
HOT	Buy	STARWOOD HOTELS&RESORTS WRLDWD	$15,460,000	+18.9%	232,661	+13.1%	2.34%	+0.6%
TXN	Sell	TEXAS INSTRS	$15,375,000	+6.9%	381,608	-7.5%	2.33%	-9.5%
V	Sell	VISA INC CL A	$14,958,000	-3.4%	78,275	-7.6%	2.27%	-18.2%
BWA	Sell	BORG WARNER INC	$14,785,000	+7.4%	145,822	-8.8%	2.24%	-9.2%
SNDK	New	SANDISK CORP COM	$14,643,000	–	246,055	–	2.22%	–
HD	Sell	HOME DEPOT INC	$14,344,000	-9.6%	189,106	-7.7%	2.18%	-23.6%
PEG	Buy	PUBLIC SVC ENTERPRS	$13,619,000	+17.7%	413,565	+16.7%	2.06%	-0.4%
SNA	Sell	SNAP ON INC	$13,344,000	+1.3%	134,113	-9.0%	2.02%	-14.3%
R	Sell	RYDER SYS	$12,971,000	-10.5%	217,273	-8.9%	1.97%	-24.3%
LB	New	LIMITED BRANDS INC.	$12,850,000	–	210,317	–	1.95%	–
WLK	Buy	WESTLAKE CHEMICAL CORP	$12,783,000	+2879.7%	122,141	+2642.3%	1.94%	+2418.2%
LYB	Sell	LYONDELLBASELL IND	$12,494,000	+0.9%	170,610	-8.7%	1.90%	-14.6%
GPS	Sell	GAP INC	$12,217,000	-11.9%	303,293	-8.8%	1.85%	-25.5%
V107SC	Sell	WELLPOINT HLT NETW	$10,958,000	-15.1%	131,058	-16.9%	1.66%	-28.2%
CSC	New	COMPUTER SCIENCES	$10,955,000	–	211,723	–	1.66%	–
APC	Buy	ANADARKO PETROLEUM CO	$6,438,000	+107.3%	69,232	+91.6%	0.98%	+75.2%
JNJ	New	JOHNSON&JOHNSON	$5,994,000	–	69,140	–	0.91%	–
NTAP	New	NETAPP INC	$5,056,000	–	118,626	–	0.77%	–
PNW	Buy	PINNACLE WEST CAP CORP	$4,755,000	+460.1%	86,870	+467.8%	0.72%	+374.3%
RE	Buy	EVEREST REINS HLDGS INC	$4,682,000	+276.1%	32,196	+231.6%	0.71%	+218.4%
MCHP	Buy	MICROCHIP TECH INC	$4,639,000	+257.1%	115,152	+230.2%	0.70%	+202.1%
CI	Buy	CIGNA	$4,503,000	+217.1%	58,588	+199.1%	0.68%	+167.8%
DAL	New	DELTA AIR LINES INC DEL NEW	$4,395,000	–	186,300	–	0.67%	–
ACE	Buy	ACE LIMITED	$4,082,000	+377.4%	43,630	+356.4%	0.62%	+304.6%
9207PS	Buy	ROCK-TENN COMPANY A	$4,067,000	+191.3%	40,158	+187.4%	0.62%	+146.8%
OII	New	OCEANEERING INTL INC COM	$3,947,000	–	48,580	–	0.60%	–
AIG	New	AMERICAN INTERNATIONAL GROUP,	$3,928,000	–	80,770	–	0.60%	–
F	New	FORD MTR CO	$3,870,000	–	229,430	–	0.59%	–
KEY	New	KEYCORP	$3,829,000	–	335,900	–	0.58%	–
AMGN	Sell	AMGEN INCORPORATED	$3,377,000	+11.8%	30,175	-1.5%	0.51%	-5.5%
CELG	Sell	CELGENE CORP COM	$2,890,000	+13.5%	18,747	-13.9%	0.44%	-4.2%
HES	New	HESS CORP	$2,619,000	–	33,860	–	0.40%	–
AAPL	New	APPLE COMPUTERS	$2,455,000	–	5,150	–	0.37%	–
VMW	New	VMWARE INC CL A COM	$2,330,000	–	28,800	–	0.35%	–
EMC	New	EMC CORP MASS	$2,325,000	–	90,950	–	0.35%	–
COST	New	COSTCO WHOLESALE	$2,288,000	–	19,870	–	0.35%	–
UNP	New	UNION PACIFIC	$2,290,000	–	14,740	–	0.35%	–
NEE	New	NextERA Energy Inc	$2,245,000	–	28,010	–	0.34%	–
CVS	Sell	CVS CORPORATION	$2,220,000	-86.7%	39,117	-86.6%	0.34%	-88.8%
AET	Sell	AETNA INC	$1,118,000	-23.0%	17,456	-23.6%	0.17%	-34.6%
SNPS	New	SYNOPSYS INC	$1,116,000	–	29,613	–	0.17%	–
JPM	Sell	JPMORGAN CHASE & CO	$1,116,000	-93.5%	21,595	-93.4%	0.17%	-94.5%
FITB	Sell	FIFTH THIRD BANCORP	$1,098,000	-92.3%	60,823	-92.3%	0.17%	-93.5%
SGY	Sell	STONE ENERGY CORP	$579,000	+18.6%	17,860	-19.4%	0.09%	0.0%
WST	Buy	WEST PHARM SVC	$580,000	+10.9%	14,088	+89.3%	0.09%	-6.4%
PRAA	Buy	PORTFOLIO RECOVERY ASSOCIATE	$572,000	+11.1%	9,542	+184.5%	0.09%	-5.4%
EEFT	Sell	EURONET WORLDWIDE INC.	$535,000	+20.5%	13,419	-3.6%	0.08%	+1.2%
OASPQ	Sell	OASIS PETROLEUM INC	$536,000	+21.8%	10,903	-3.7%	0.08%	+2.5%
HLS	Sell	HEALTHSOUTH CORP	$525,000	+15.4%	15,225	-3.7%	0.08%	-2.4%
ICON	Sell	ICONIX BRAND GP	$514,000	+6.9%	15,479	-5.3%	0.08%	-9.3%
HII	Sell	HUNTINGTON INGALLS INDUSTRIES	$517,000	+14.9%	7,671	-3.7%	0.08%	-3.7%
ABG	New	ASBURY AUTO GRP	$515,000	–	9,681	–	0.08%	–
DLX	Sell	DELUXE CORP	$513,000	+14.0%	12,317	-5.1%	0.08%	-3.7%
NUS	Sell	NU SKIN ENTERPRISES CL A	$506,000	+9.3%	5,282	-30.3%	0.08%	-7.2%
ATK	Sell	ALLIANT TECHSYSTEMS, INC.	$507,000	-8.3%	5,192	-22.7%	0.08%	-22.2%
GNCIQ	Sell	GNC HOLDINGS INC CL A	$501,000	+19.0%	9,178	-3.7%	0.08%	+1.3%
ONB	New	OLD NATL BANCORP	$498,000	–	35,057	–	0.08%	–
PRXL	Sell	PAREXEL INTERNATIONAL	$503,000	+3.5%	10,013	-5.2%	0.08%	-12.6%
OCR	Sell	OMNICARE INC COM	$494,000	+12.0%	8,908	-3.7%	0.08%	-5.1%
SFG	Sell	STANCORP FICNACIAL GROUP	$493,000	-7.9%	8,959	-17.2%	0.08%	-21.9%
BDC	Sell	BELDEN CDT INC	$496,000	+23.7%	7,744	-3.7%	0.08%	+4.2%
AFSI	Sell	AMTRUST FINANCIAL SERVICES I	$497,000	-0.8%	12,747	-9.1%	0.08%	-16.7%
USM	New	UNITED STATES CELLULAR CORP	$490,000	–	10,770	–	0.07%	–
LSI	Sell	LSI CORPORATION	$481,000	+5.7%	61,407	-3.7%	0.07%	-11.0%
LEA	Sell	LEAR CORP	$482,000	+13.9%	6,729	-3.7%	0.07%	-3.9%
SYA	New	SYMETRA FINL CORP	$473,000	–	26,517	–	0.07%	–
MHFI	New	MCGRAW HILL FINANCIAL INC	$467,000	–	7,113	–	0.07%	–
JAZZ	Sell	JAZZ PHARMACEUTICALS INC COM	$466,000	+9.4%	5,068	-18.2%	0.07%	-6.6%
SCI	Sell	SERVICE CORP INTERNATIONAL	$471,000	-0.6%	25,308	-3.7%	0.07%	-16.5%
WCRX	Sell	WARNER CHILCOTT LTD CL A	$466,000	+11.0%	20,325	-3.7%	0.07%	-5.3%
CNA	New	CNA FINL CORP COM	$466,000	–	12,196	–	0.07%	–
HLF	New	HERBALIFE LTD	$470,000	–	6,742	–	0.07%	–
PEGA	Sell	PEGASYSTEMS INC	$467,000	-1.1%	11,739	-17.6%	0.07%	-16.5%
OSK	New	OSHKOSH CORP	$468,000	–	9,564	–	0.07%	–
ARW	New	ARROW	$462,000	–	9,529	–	0.07%	–
PAG	New	PENSKE AUTOMOTIVE GRP INC	$459,000	–	10,740	–	0.07%	–
JKHY	Sell	HENRY JACK & ASSOC INC	$464,000	+5.7%	8,978	-3.7%	0.07%	-11.4%
NWE	New	NORTHWESTERN CORP COM NEW	$464,000	–	10,324	–	0.07%	–
TSS	New	TOTAL SYSTEM SERVICES INC	$460,000	–	15,639	–	0.07%	–
SDOCQ	New	SANDRIDGE ENERGY INC COM	$452,000	–	77,072	–	0.07%	–
WOR	Sell	WORTHINGTON INDS INC COM	$454,000	+2.9%	13,185	-5.3%	0.07%	-12.7%
HRS	New	HARRIS	$453,000	–	7,634	–	0.07%	–
USTR	New	UNITED STATIONERS	$449,000	–	10,345	–	0.07%	–
AWHHF	New	ALLIED WRLD ASSUR HLDG L SHS	$447,000	–	4,493	–	0.07%	–
CRZO	New	CARRIZO OIL&GAS	$448,000	–	12,021	–	0.07%	–
AES	New	AES CORP	$448,000	–	33,678	–	0.07%	–
KMPR	Sell	KEMPER CORP	$446,000	-7.1%	13,275	-5.3%	0.07%	-20.9%
MTH	New	MERITAGE CORP COM	$451,000	–	10,494	–	0.07%	–
IDA	New	IDACORP INC	$448,000	–	9,263	–	0.07%	–
WAFD	New	WASHINGTON FEDERAL INC.	$444,000	–	21,473	–	0.07%	–
SNTS	New	SANTARUS INC COM	$442,000	–	19,586	–	0.07%	–
AGCO	Sell	AGCO CORP	$442,000	+16.0%	7,323	-3.7%	0.07%	-1.5%
GME	New	GAMESTOP CORP CL A	$432,000	–	8,708	–	0.07%	–
MDP	Sell	MEREDITH CORP	$435,000	-3.8%	9,134	-3.7%	0.07%	-18.5%
MRH	Sell	MONTPELIER RE HOLDINGS LTD	$438,000	-1.4%	16,833	-5.3%	0.07%	-17.5%
HBI	Sell	HANESBRANDS INC COM	$437,000	+1.2%	7,016	-16.5%	0.07%	-14.3%
LNC	New	LINCOLN NATL CORP IND	$426,000	–	10,148	–	0.06%	–
WDC	New	WESTERN DIGITAL	$419,000	–	6,616	–	0.06%	–
UNTCQ	Sell	UNIT CORP	$420,000	+5.3%	9,035	-3.7%	0.06%	-11.1%
UMPQ	New	UMPQUA HOLDINGS CORP	$417,000	–	25,696	–	0.06%	–
WEC	New	WISCONSIN ENERGY CORP COM	$408,000	–	10,110	–	0.06%	–
TRN	Sell	TRINITY INDS INC COM	$408,000	+13.6%	9,000	-3.7%	0.06%	-3.1%
HAIN	New	HAIN CELESTIAL GRP INC	$409,000	–	5,305	–	0.06%	–
NU	New	NORTHEAST UTILS	$398,000	–	9,650	–	0.06%	–
BAH	New	BOOZ ALLEN HAMILTON HOLDIMGS	$387,000	–	20,041	–	0.06%	–
VMI	Sell	VALMONT INDS	$381,000	-6.4%	2,742	-3.7%	0.06%	-20.5%
CLF	Sell	CLIFFS NATURAL RESOURCES INC	$384,000	+21.5%	18,710	-3.7%	0.06%	+1.8%
SJM	New	JM SMUCKER COMPANY	$309,000	–	2,940	–	0.05%	–
MDLZ	New	MONDELEZ INTL INC CL A	$273,000	–	8,700	–	0.04%	–
PKD	Exit	PARKER DRILLING	$0	–	-11,379	–	-0.01%	–
EL	Exit	LAUDER ESTEE COS INC CL A	$0	–	-3,970	–	-0.05%	–
DDS	Exit	DILLARD'S INC CLASS A	$0	–	-4,518	–	-0.07%	–
AVP	Exit	AVON PRODS INC	$0	–	-17,980	–	-0.07%	–
WR	Exit	WESTAR ENERGY INC COM	$0	–	-12,072	–	-0.07%	–
CMS	Exit	CMS ENERGY CORPORATION	$0	–	-14,111	–	-0.07%	–
XL	Exit	XL GROUP PLC	$0	–	-12,755	–	-0.07%	–
PRE	Exit	PARTNERRE LTD BERMUDA	$0	–	-4,274	–	-0.07%	–
JAH	Exit	JARDEN CORP COM	$0	–	-8,926	–	-0.07%	–
IGT	Exit	INTERNATIONAL GAME TECH	$0	–	-23,566	–	-0.07%	–
ETR	Exit	ENTERGY CORP	$0	–	-5,778	–	-0.07%	–
ATW	Exit	ATWOOD OCEANICSS INC	$0	–	-7,753	–	-0.07%	–
LRCX	Exit	LAM RESESARCH CORP	$0	–	-9,020	–	-0.07%	–
IAC	Exit	IAC INTERACTIVECORP	$0	–	-8,533	–	-0.07%	–
AGO	Exit	ASSURED GUARANTY LTD	$0	–	-18,532	–	-0.07%	–
R108	Exit	ENERGIZER HOLDINGS INC	$0	–	-4,136	–	-0.08%	–
EE	Exit	EL PASO ELECTRIC CO	$0	–	-12,118	–	-0.08%	–
HIG	Exit	HARTFORD FINL SVCS	$0	–	-14,263	–	-0.08%	–
LECO	Exit	LINCOLN ELECTRIC HOLDINGS	$0	–	-7,841	–	-0.08%	–
HCC	Exit	HCC INS	$0	–	-10,610	–	-0.08%	–
CMA	Exit	COMERICA INC COM	$0	–	-11,651	–	-0.08%	–
CVG	Exit	CONVERGYS CORP	$0	–	-26,598	–	-0.08%	–
PPC	Exit	PILGRIMS PRIDE CORP	$0	–	-31,609	–	-0.08%	–
VSH	Exit	VISHAY INTRTCH	$0	–	-34,166	–	-0.08%	–
EXH	Exit	EXTERRAN HLDGS INC COM	$0	–	-17,538	–	-0.09%	–
PTP	Exit	PLATINUM UNDERWRITERS HLDGS	$0	–	-8,943	–	-0.09%	–
DHI	Exit	DR HORTON INC	$0	–	-32,270	–	-0.12%	–
T	Exit	AT&T CORP	$0	–	-23,080	–	-0.15%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-5,550	–	-0.15%	–
ORCL	Exit	ORACLE CORP	$0	–	-30,463	–	-0.17%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-17,630	–	-0.18%	–
NRG	Exit	NRG ENERGY INC	$0	–	-45,538	–	-0.22%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-55,557	–	-0.25%	–
M	Exit	MACY'S INC	$0	–	-30,285	–	-0.26%	–
RF	Exit	REGIONS FINANCIAL CORP	$0	–	-157,771	–	-0.27%	–
AEP	Exit	AMERICAN ELECTRIC POWER COMPAN	$0	–	-47,789	–	-0.38%	–
GLW	Exit	CORNING INC	$0	–	-152,380	–	-0.39%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-29,910	–	-0.39%	–
GOOGL	Exit	GOOGLE INC - CL A	$0	–	-2,729	–	-0.43%	–
DIS	Exit	WALT DISNEY(HLDG)CO DISNEY	$0	–	-40,577	–	-0.46%	–
LLY	Exit	LILLY (ELI) & CO	$0	–	-54,728	–	-0.48%	–
KMB	Exit	KIMBERLY CLARK	$0	–	-29,980	–	-0.52%	–
PSX	Exit	PHILLIPS 66	$0	–	-52,888	–	-0.56%	–
APH	Exit	AMPHENOL	$0	–	-159,990	–	-2.24%	–
BMS	Exit	BEMIS COMPANY INC	$0	–	-326,176	–	-2.29%	–
BLK	Exit	BLACKROCK INC	$0	–	-50,984	–	-2.35%	–
PVH	Exit	PVH CORP	$0	–	-104,927	–	-2.35%	–
QCOM	Exit	QUALCOM	$0	–	-214,939	–	-2.35%	–
BEN	Exit	FRANKLIN RES	$0	–	-98,011	–	-2.39%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-219,326	–	-2.46%	–

Q2 2013

			Value		Shares		↓ Weighting
NOC	New	NORTHROP GRUMMAN	$17,186,000	–	207,560	–	3.08%	–
JPM	New	JPMORGAN CHASE & CO	$17,166,000	–	325,182	–	3.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$16,736,000	–	351,303	–	3.00%	–
CVS	New	CVS CORPORATION	$16,723,000	–	292,457	–	3.00%	–
HD	New	HOME DEPOT INC	$15,870,000	–	204,850	–	2.85%	–
EOG	New	EOG RESOURCES INC	$15,787,000	–	119,888	–	2.83%	–
V	New	VISA INC CL A	$15,477,000	–	84,690	–	2.78%	–
TRV	New	TRAVELERS COS INC	$15,477,000	–	193,651	–	2.78%	–
VZ	New	VERIZON COMMUNICATIONS	$14,565,000	–	289,341	–	2.61%	–
R	New	RYDER SYS	$14,491,000	–	238,386	–	2.60%	–
TXN	New	TEXAS INSTRS	$14,379,000	–	412,595	–	2.58%	–
FITB	New	FIFTH THIRD BANCORP	$14,273,000	–	790,732	–	2.56%	–
RTN	New	RAYTHEON	$14,063,000	–	212,690	–	2.52%	–
GPS	New	GAP INC	$13,875,000	–	332,491	–	2.49%	–
BWA	New	BORG WARNER INC	$13,772,000	–	159,858	–	2.47%	–
KR	New	KROGER CO	$13,731,000	–	397,527	–	2.46%	–
HP	New	HELMERICH & PAYNE INC	$13,697,000	–	219,326	–	2.46%	–
HUM	New	HUMANA INC	$13,476,000	–	159,711	–	2.42%	–
YHOO	New	YAHOO! INC	$13,403,000	–	533,340	–	2.40%	–
CBS	New	CBS CORP	$13,341,000	–	272,985	–	2.39%	–
BEN	New	FRANKLIN RES	$13,331,000	–	98,011	–	2.39%	–
SNA	New	SNAP ON INC	$13,172,000	–	147,366	–	2.36%	–
QCOM	New	QUALCOM	$13,131,000	–	214,939	–	2.35%	–
PVH	New	PVH CORP	$13,121,000	–	104,927	–	2.35%	–
BLK	New	BLACKROCK INC	$13,095,000	–	50,984	–	2.35%	–
DNRCQ	New	DENBURY RESOURCES INC	$13,070,000	–	754,643	–	2.34%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLDWD	$12,998,000	–	205,691	–	2.33%	–
V107SC	New	WELLPOINT HLT NETW	$12,914,000	–	157,796	–	2.32%	–
BMS	New	BEMIS COMPANY INC	$12,767,000	–	326,176	–	2.29%	–
APH	New	AMPHENOL	$12,470,000	–	159,990	–	2.24%	–
MYL	New	MYLAN INC	$12,444,000	–	401,038	–	2.23%	–
LYB	New	LYONDELLBASELL IND	$12,380,000	–	186,846	–	2.22%	–
PEG	New	PUBLIC SVC ENTERPRS	$11,569,000	–	354,236	–	2.07%	–
PSX	New	PHILLIPS 66	$3,116,000	–	52,888	–	0.56%	–
APC	New	ANADARKO PETROLEUM CO	$3,105,000	–	36,132	–	0.56%	–
AMGN	New	AMGEN INCORPORATED	$3,021,000	–	30,622	–	0.54%	–
KMB	New	KIMBERLY CLARK	$2,912,000	–	29,980	–	0.52%	–
LLY	New	LILLY (ELI) & CO	$2,688,000	–	54,728	–	0.48%	–
DIS	New	WALT DISNEY(HLDG)CO DISNEY	$2,562,000	–	40,577	–	0.46%	–
CELG	New	CELGENE CORP COM	$2,546,000	–	21,767	–	0.46%	–
WFC	New	WELLS FARGO & COMPANY	$2,521,000	–	61,085	–	0.45%	–
SBUX	New	STARBUCKS CORPORATION	$2,473,000	–	37,750	–	0.44%	–
GOOGL	New	GOOGLE INC - CL A	$2,403,000	–	2,729	–	0.43%	–
ESRX	New	EXPRESS SCRIPTS INC COM	$2,364,000	–	38,290	–	0.42%	–
BA	New	BOEING CORP	$2,364,000	–	23,080	–	0.42%	–
KRFT	New	KRAFT FOODS GROUP INC	$2,287,000	–	40,940	–	0.41%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,173,000	–	29,910	–	0.39%	–
GLW	New	CORNING INC	$2,168,000	–	152,380	–	0.39%	–
ABT	New	ABBOT LABS	$2,152,000	–	61,700	–	0.39%	–
AEP	New	AMERICAN ELECTRIC POWER COMPAN	$2,140,000	–	47,789	–	0.38%	–
DVN	New	DEVON ENERGY	$2,098,000	–	40,430	–	0.38%	–
MON	New	MONSANTO	$2,080,000	–	21,055	–	0.37%	–
RAI	New	REYNOLDS AMERICAN INC.	$2,042,000	–	42,210	–	0.37%	–
RF	New	REGIONS FINANCIAL CORP	$1,504,000	–	157,771	–	0.27%	–
M	New	MACY'S INC	$1,454,000	–	30,285	–	0.26%	–
AET	New	AETNA INC	$1,452,000	–	22,846	–	0.26%	–
CI	New	CIGNA	$1,420,000	–	19,585	–	0.26%	–
9207PS	New	ROCK-TENN COMPANY A	$1,396,000	–	13,975	–	0.25%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$1,378,000	–	55,557	–	0.25%	–
MCHP	New	MICROCHIP TECH INC	$1,299,000	–	34,871	–	0.23%	–
RE	New	EVEREST REINS HLDGS INC	$1,245,000	–	9,708	–	0.22%	–
NRG	New	NRG ENERGY INC	$1,216,000	–	45,538	–	0.22%	–
MSI	New	MOTOROLA SOLUTIONS INC	$1,018,000	–	17,630	–	0.18%	–
ORCL	New	ORACLE CORP	$936,000	–	30,463	–	0.17%	–
ACE	New	ACE LIMITED	$855,000	–	9,560	–	0.15%	–
PNW	New	PINNACLE WEST CAP CORP	$849,000	–	15,300	–	0.15%	–
GS	New	GOLDMAN SACHS GROUP INC	$839,000	–	5,550	–	0.15%	–
T	New	AT&T CORP	$817,000	–	23,080	–	0.15%	–
DHI	New	DR HORTON INC	$687,000	–	32,270	–	0.12%	–
ATK	New	ALLIANT TECHSYSTEMS, INC.	$553,000	–	6,718	–	0.10%	–
SFG	New	STANCORP FICNACIAL GROUP	$535,000	–	10,820	–	0.10%	–
WST	New	WEST PHARM SVC	$523,000	–	7,444	–	0.09%	–
PTP	New	PLATINUM UNDERWRITERS HLDGS	$512,000	–	8,943	–	0.09%	–
PRAA	New	PORTFOLIO RECOVERY ASSOCIATE	$515,000	–	3,354	–	0.09%	–
AFSI	New	AMTRUST FINANCIAL SERVICES I	$501,000	–	14,029	–	0.09%	–
EXH	New	EXTERRAN HLDGS INC COM	$493,000	–	17,538	–	0.09%	–
SGY	New	STONE ENERGY CORP	$488,000	–	22,169	–	0.09%	–
PRXL	New	PAREXEL INTERNATIONAL	$486,000	–	10,566	–	0.09%	–
KMPR	New	KEMPER CORP	$480,000	–	14,018	–	0.09%	–
ICON	New	ICONIX BRAND GP	$481,000	–	16,340	–	0.09%	–
PEGA	New	PEGASYSTEMS INC	$472,000	–	14,253	–	0.08%	–
PPC	New	PILGRIMS PRIDE CORP	$472,000	–	31,609	–	0.08%	–
SCI	New	SERVICE CORP INTERNATIONAL	$474,000	–	26,288	–	0.08%	–
VSH	New	VISHAY INTRTCH	$475,000	–	34,166	–	0.08%	–
NUS	New	NU SKIN ENTERPRISES CL A	$463,000	–	7,580	–	0.08%	–
CMA	New	COMERICA INC COM	$464,000	–	11,651	–	0.08%	–
CVG	New	CONVERGYS CORP	$464,000	–	26,598	–	0.08%	–
HCC	New	HCC INS	$457,000	–	10,610	–	0.08%	–
LSI	New	LSI CORPORATION	$455,000	–	63,747	–	0.08%	–
HLS	New	HEALTHSOUTH CORP	$455,000	–	15,803	–	0.08%	–
DLX	New	DELUXE CORP	$450,000	–	12,984	–	0.08%	–
HII	New	HUNTINGTON INGALLS INDUSTRIES	$450,000	–	7,965	–	0.08%	–
MDP	New	MEREDITH CORP	$452,000	–	9,481	–	0.08%	–
LECO	New	LINCOLN ELECTRIC HOLDINGS	$449,000	–	7,841	–	0.08%	–
EEFT	New	EURONET WORLDWIDE INC.	$444,000	–	13,927	–	0.08%	–
MRH	New	MONTPELIER RE HOLDINGS LTD	$444,000	–	17,768	–	0.08%	–
OASPQ	New	OASIS PETROLEUM INC	$440,000	–	11,319	–	0.08%	–
HIG	New	HARTFORD FINL SVCS	$441,000	–	14,263	–	0.08%	–
JKHY	New	HENRY JACK & ASSOC INC	$439,000	–	9,325	–	0.08%	–
OCR	New	OMNICARE INC COM	$441,000	–	9,247	–	0.08%	–
WOR	New	WORTHINGTON INDS INC COM	$441,000	–	13,920	–	0.08%	–
WLK	New	WESTLAKE CHEMICAL CORP	$429,000	–	4,454	–	0.08%	–
EE	New	EL PASO ELECTRIC CO	$428,000	–	12,118	–	0.08%	–
HBI	New	HANESBRANDS INC COM	$432,000	–	8,405	–	0.08%	–
JAZZ	New	JAZZ PHARMACEUTICALS INC COM	$426,000	–	6,196	–	0.08%	–
LEA	New	LEAR CORP	$423,000	–	6,989	–	0.08%	–
GNCIQ	New	GNC HOLDINGS INC CL A	$421,000	–	9,532	–	0.08%	–
R108	New	ENERGIZER HOLDINGS INC	$416,000	–	4,136	–	0.08%	–
WCRX	New	WARNER CHILCOTT LTD CL A	$420,000	–	21,102	–	0.08%	–
VMI	New	VALMONT INDS	$407,000	–	2,847	–	0.07%	–
IAC	New	IAC INTERACTIVECORP	$406,000	–	8,533	–	0.07%	–
AGO	New	ASSURED GUARANTY LTD	$409,000	–	18,532	–	0.07%	–
ATW	New	ATWOOD OCEANICSS INC	$404,000	–	7,753	–	0.07%	–
BDC	New	BELDEN CDT INC	$401,000	–	8,040	–	0.07%	–
UNTCQ	New	UNIT CORP	$399,000	–	9,380	–	0.07%	–
LRCX	New	LAM RESESARCH CORP	$400,000	–	9,020	–	0.07%	–
ETR	New	ENTERGY CORP	$403,000	–	5,778	–	0.07%	–
IGT	New	INTERNATIONAL GAME TECH	$394,000	–	23,566	–	0.07%	–
JAH	New	JARDEN CORP COM	$391,000	–	8,926	–	0.07%	–
WR	New	WESTAR ENERGY INC COM	$386,000	–	12,072	–	0.07%	–
PRE	New	PARTNERRE LTD BERMUDA	$387,000	–	4,274	–	0.07%	–
CMS	New	CMS ENERGY CORPORATION	$383,000	–	14,111	–	0.07%	–
XL	New	XL GROUP PLC	$387,000	–	12,755	–	0.07%	–
AGCO	New	AGCO CORP	$381,000	–	7,601	–	0.07%	–
AVP	New	AVON PRODS INC	$378,000	–	17,980	–	0.07%	–
DDS	New	DILLARD'S INC CLASS A	$370,000	–	4,518	–	0.07%	–
TRN	New	TRINITY INDS INC COM	$359,000	–	9,347	–	0.06%	–
CLF	New	CLIFFS NATURAL RESOURCES INC	$316,000	–	19,434	–	0.06%	–
EL	New	LAUDER ESTEE COS INC CL A	$261,000	–	3,970	–	0.05%	–
PKD	New	PARKER DRILLING	$57,000	–	11,379	–	0.01%	–

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