STRATTON MANAGEMENT CO Activity Q4 1999-Q4 2015

Q4 2015

			Value		Shares		↓ Weighting
UPS	Sell	UNITED PARCEL SRVC CLASS B	$20,925,000	-27.9%	217,444	-26.0%	2.54%	-23.6%
ABBV	Sell	ABBVIE INC	$17,043,000	-2.2%	287,698	-10.2%	2.07%	+3.7%
GE	Sell	GENERAL ELECTRIC CO	$16,953,000	+8.7%	544,242	-12.0%	2.06%	+15.2%
MSFT	Sell	MICROSOFT CORP	$16,067,000	+19.2%	289,606	-4.9%	1.95%	+26.4%
JNJ	Sell	JOHNSON & JOHNSON	$15,268,000	+0.5%	148,640	-8.7%	1.85%	+6.5%
KMB	Sell	KIMBERLY-CLARK CORP	$14,525,000	-0.3%	114,103	-14.6%	1.76%	+5.6%
UTX	Sell	UNITED TECHNOLOGIES	$13,546,000	+5.9%	140,997	-1.9%	1.64%	+12.2%
APD	Sell	AIR PROD & CHEMICALS	$13,494,000	-6.7%	103,709	-8.6%	1.64%	-1.1%
CVS	Sell	CVS HEALTH CORP	$12,539,000	-5.7%	128,248	-6.9%	1.52%	-0.1%
ACN	Sell	ACCENTURE PLC CL A F	$12,370,000	-1.3%	118,371	-7.2%	1.50%	+4.6%
BMY	Sell	BRISTOL-MYERS SQUIBB	$12,345,000	+5.8%	179,454	-9.0%	1.50%	+12.1%
WM	Sell	WASTE MANAGEMENT INC	$11,778,000	+0.3%	220,692	-6.4%	1.43%	+6.3%
HON	Sell	HONEYWELL INTL INC	$11,593,000	-0.7%	111,930	-9.2%	1.41%	+5.2%
CHD	Sell	CHURCH & DWIGHT CO	$11,146,000	-2.5%	131,315	-3.6%	1.35%	+3.4%
XOM	Sell	EXXON MOBIL CORP	$11,045,000	-11.1%	141,696	-15.3%	1.34%	-5.8%
NVO	Sell	NOVO-NORDISK A-S F ADR 1 ADR R	$10,745,000	+6.5%	185,000	-0.5%	1.30%	+12.9%
JPM	Sell	JPMORGAN CHASE & CO	$10,703,000	-3.6%	162,096	-11.0%	1.30%	+2.1%
MMM	Sell	3M COMPANY	$10,670,000	-9.8%	70,829	-15.1%	1.30%	-4.4%
MCD	Sell	MC DONALDS CORP	$9,606,000	-6.0%	81,310	-21.6%	1.17%	-0.3%
LLY	Sell	ELI LILLY & COMPANY	$9,509,000	-3.6%	112,849	-4.2%	1.15%	+2.1%
AMGN	Sell	AMGEN INCORPORATED	$9,013,000	+1.2%	55,525	-13.7%	1.09%	+7.3%
PNC	Sell	PNC FINANCIAL SRVCS	$8,933,000	-1.5%	93,724	-7.8%	1.08%	+4.4%
VZ	Sell	VERIZON COMMUNICATN	$8,919,000	-5.1%	192,977	-10.7%	1.08%	+0.6%
PPG	Sell	PPG INDUSTRIES INC	$8,781,000	+7.8%	88,854	-4.4%	1.07%	+14.3%
PEP	Sell	PEPSICO INCORPORATED	$8,727,000	-4.5%	87,344	-9.8%	1.06%	+1.3%
ETN	Sell	EATON CORP PLC F	$8,698,000	-25.1%	167,146	-26.2%	1.06%	-20.7%
ABT	Sell	ABBOTT LABORATORIES	$8,650,000	+1.0%	192,599	-9.6%	1.05%	+7.0%
DOW	Sell	DOW CHEMICAL COMPANY	$8,590,000	-14.1%	166,856	-29.3%	1.04%	-9.0%
VFC	Buy	VF CORPORATION	$8,502,000	-7.5%	136,585	+1.4%	1.03%	-1.9%
AWK	Sell	AMERICAN WATER WORKS	$8,407,000	+5.5%	140,711	-2.7%	1.02%	+12.0%
TRV	Sell	TRAVELERS COMPANIES	$8,334,000	-1.1%	73,848	-12.8%	1.01%	+4.9%
RPM	Sell	RPM INTERNATIONAL	$8,078,000	-0.8%	183,338	-5.7%	0.98%	+5.1%
PSX	Sell	PHILLIPS 66	$7,662,000	-19.2%	93,673	-24.1%	0.93%	-14.4%
CSCO	Buy	CISCO SYSTEMS INC	$7,093,000	+41.0%	261,192	+36.3%	0.86%	+49.5%
AMP	Sell	AMERIPRISE FINANCIAL	$7,061,000	-9.3%	66,348	-7.0%	0.86%	-3.8%
PNY	Sell	PIEDMONT NATURAL GAS	$6,897,000	+35.7%	120,966	-4.7%	0.84%	+43.8%
SPG	Sell	SIMON PPTY GROUP REIT	$6,743,000	-2.1%	34,681	-7.5%	0.82%	+3.8%
TGT	Buy	TARGET CORPORATION	$6,658,000	+65.8%	91,690	+79.6%	0.81%	+75.7%
MET	Sell	METLIFE INC	$6,423,000	-11.8%	133,227	-13.7%	0.78%	-6.5%
WDFC	Sell	WD-40 COMPANY	$6,062,000	+2.7%	61,450	-7.2%	0.74%	+8.9%
EMR	Sell	EMERSON ELECTRIC CO	$6,057,000	+3.0%	126,646	-4.9%	0.74%	+9.1%
MRK	Buy	MERCK & CO INC	$6,010,000	+11.9%	113,784	+4.7%	0.73%	+18.7%
BDX	Sell	BECTON DICKINSON&CO	$6,014,000	+14.2%	39,032	-1.6%	0.73%	+21.1%
ESRX	Sell	EXPRESS SCRIPTS HLDG	$5,883,000	-5.0%	67,304	-12.0%	0.71%	+0.6%
WHR	Sell	WHIRLPOOL CORP	$5,860,000	-18.9%	39,900	-18.7%	0.71%	-14.1%
SWK	Sell	STANLEY BLACK & DECK	$5,623,000	-3.0%	52,689	-11.8%	0.68%	+2.9%
NSC	Sell	NORFOLK SOUTHERN CO	$5,615,000	+6.3%	66,378	-4.0%	0.68%	+12.7%
TMO	Sell	THERMO FISHER SCNTFC	$5,592,000	+9.0%	39,420	-6.0%	0.68%	+15.5%
WPC	Sell	W.P. CAREY INC. REIT	$5,507,000	-0.5%	93,341	-2.5%	0.67%	+5.5%
WY	Buy	WEYERHAEUSER CO REIT	$5,447,000	+41.6%	181,690	+29.2%	0.66%	+49.9%
FDX	Buy	FEDEX CORPORATION	$5,428,000	+7.2%	36,435	+3.6%	0.66%	+13.6%
SWKS	Sell	SKYWORKS SOLUTIONS	$5,192,000	-22.4%	67,580	-14.9%	0.63%	-17.8%
NEE	Sell	NEXTERA ENERGY INC	$5,095,000	-4.9%	49,038	-10.8%	0.62%	+0.8%
CVX	Sell	CHEVRON CORPORATION	$5,079,000	-17.4%	56,459	-27.5%	0.62%	-12.4%
DEO	Sell	DIAGEO PLC F ADR 1 ADR REPS 4	$5,086,000	-4.0%	46,632	-5.1%	0.62%	+1.6%
IBM	Sell	IBM CORP	$4,983,000	-25.0%	36,209	-21.0%	0.60%	-20.5%
ORCL	Sell	ORACLE CORPORATION	$4,978,000	-9.8%	136,275	-10.8%	0.60%	-4.4%
PG	Sell	PROCTER & GAMBLE	$4,955,000	-3.1%	62,400	-12.2%	0.60%	+2.7%
NXPI	Sell	NXP SEMICONDUCTORS F	$4,830,000	-17.4%	57,330	-14.6%	0.59%	-12.5%
DLR	Sell	DIGITAL REALTY TRUST REIT	$4,814,000	+10.2%	63,661	-4.8%	0.58%	+16.8%
COP	Sell	CONOCOPHILLIPS	$4,785,000	-24.0%	102,479	-22.0%	0.58%	-19.5%
ARG	Sell	AIRGAS INC	$4,779,000	+53.7%	34,550	-0.7%	0.58%	+62.9%
CCL	Sell	CARNIVAL CORP NEW F PAIRED STK	$4,726,000	-3.9%	86,750	-12.4%	0.57%	+1.8%
INTC	Sell	INTEL CORP	$4,704,000	+6.4%	136,550	-6.9%	0.57%	+12.8%
AAPL	Sell	APPLE INC	$4,634,000	-17.0%	44,026	-13.0%	0.56%	-11.9%
LYB	Sell	LYONDELLBASELL INDS F CLASS A	$4,619,000	-9.3%	53,150	-13.0%	0.56%	-3.8%
PRU	Sell	PRUDENTIAL FINANCIAL	$4,568,000	+1.7%	56,116	-4.8%	0.56%	+8.0%
MGA	Sell	MAGNA INTL INC F	$4,552,000	-16.6%	112,240	-1.3%	0.55%	-11.5%
AAL	Sell	AMERICAN AIRLS GROUP	$4,411,000	-5.9%	104,145	-13.8%	0.54%	-0.2%
AGN	Sell	ALLERGAN PLC F	$4,345,000	-5.2%	13,904	-17.5%	0.53%	+0.6%
OXY	Sell	OCCIDENTAL PETROL CO	$4,345,000	-10.0%	64,268	-12.0%	0.53%	-4.5%
KIM	Sell	KIMCO REALTY CORP REIT	$4,324,000	-2.0%	163,405	-9.5%	0.52%	+4.0%
PFE	Sell	PFIZER INCORPORATED	$4,306,000	-16.4%	133,380	-18.6%	0.52%	-11.4%
AMG	Buy	AFFILIATED MANAGERS	$4,264,000	+4.9%	26,692	+12.3%	0.52%	+11.2%
CDW	Sell	CDW CORP	$4,213,000	-10.7%	100,215	-13.2%	0.51%	-5.5%
ZBH	Buy	ZIMMER BIOMET HLDGS	$4,193,000	+15.0%	40,873	+5.3%	0.51%	+21.8%
RTN	Sell	RAYTHEON COMPANY	$4,159,000	-8.3%	33,399	-19.5%	0.50%	-2.7%
T	Sell	A T & T INC	$4,150,000	-15.4%	120,613	-19.9%	0.50%	-10.3%
MO	Sell	ALTRIA GROUP INC	$4,103,000	-5.0%	70,484	-11.2%	0.50%	+0.6%
URI	Sell	UNITED RENTALS INC	$4,061,000	-2.1%	55,985	-18.9%	0.49%	+3.8%
TD	Sell	TORONTO DOMINION BANK F	$4,062,000	-9.9%	103,700	-9.3%	0.49%	-4.5%
UGI	Sell	U G I CORPORATION	$3,902,000	-12.1%	115,574	-9.3%	0.47%	-6.7%
COF	Sell	CAPITAL ONE FINL	$3,882,000	-12.7%	53,789	-12.3%	0.47%	-7.5%
PNR	Sell	PENTAIR PLC F	$3,808,000	-7.1%	76,875	-4.3%	0.46%	-1.7%
DE	Sell	DEERE & CO	$3,791,000	-12.1%	49,710	-14.7%	0.46%	-6.9%
MHK	Sell	MOHAWK INDUSTRIES	$3,770,000	-11.2%	19,905	-14.7%	0.46%	-5.8%
DHI	Sell	D R HORTON CO	$3,711,000	-6.9%	115,860	-14.6%	0.45%	-1.1%
JCI	Buy	JOHNSON CONTROLS INC	$3,603,000	-3.1%	91,250	+1.5%	0.44%	+2.6%
TYG	Buy	TORTOISE ENERGY INFRASTR	$3,561,000	+21.1%	128,000	+18.0%	0.43%	+28.2%
TEL	Sell	TE CONNECTIVITY LTD F	$3,555,000	-10.2%	55,029	-16.8%	0.43%	-4.8%
CSX	Sell	CSX CORP	$3,549,000	-13.3%	136,770	-10.1%	0.43%	-8.1%
HRS	Sell	HARRIS CORPORATION	$3,482,000	+14.2%	40,074	-3.8%	0.42%	+21.2%
GILD	Sell	GILEAD SCIENCES INC	$3,477,000	-12.4%	34,365	-15.0%	0.42%	-7.3%
SLB	Sell	SCHLUMBERGER LTD F	$3,475,000	-9.6%	49,816	-10.6%	0.42%	-4.1%
HDS	Sell	HD SUPPLY HLDGS INC	$3,467,000	-10.9%	115,435	-15.1%	0.42%	-5.6%
TYC	Sell	TYCO INTL PLC F	$3,449,000	-9.8%	108,157	-5.3%	0.42%	-4.3%
CAT	Sell	CATERPILLAR INC	$3,413,000	-8.1%	50,214	-11.6%	0.41%	-2.6%
MYL	Sell	MYLAN NV F	$3,409,000	-4.2%	63,054	-28.6%	0.41%	+1.5%
GPC	Sell	GENUINE PARTS CO	$3,398,000	+2.3%	39,560	-1.2%	0.41%	+8.7%
USB	Sell	U S BANCORP	$3,324,000	-7.0%	77,905	-10.7%	0.40%	-1.5%
MCK	Sell	MCKESSON CORPORATION	$3,312,000	-10.1%	16,795	-15.6%	0.40%	-4.7%
MS	Sell	MORGAN STANLEY	$3,307,000	-16.6%	103,975	-17.4%	0.40%	-11.7%
CCI	Buy	CROWN CASTLE INTL CO REIT	$3,274,000	+22.2%	37,875	+11.5%	0.40%	+29.3%
KEY	Sell	KEYCORP INC	$3,228,000	-10.5%	244,710	-11.7%	0.39%	-5.1%
HBAN	Sell	HUNTINGTON BANCSHS	$3,216,000	-6.7%	290,755	-10.6%	0.39%	-1.3%
D	Sell	DOMINION RES INC VA	$3,079,000	-8.9%	45,515	-5.2%	0.37%	-3.4%
DD	Sell	DU PONT EI DE NEMOUR	$3,076,000	-6.4%	46,193	-32.3%	0.37%	-1.1%
F	Sell	FORD MOTOR COMPANY	$2,886,000	-17.9%	204,825	-20.9%	0.35%	-13.2%
CF	Sell	CF INDUSTRIES HLDG	$2,848,000	-20.8%	69,790	-12.8%	0.35%	-16.0%
EEM	Sell	ISHARES MSCI EMERGING MARKETS	$2,810,000	-16.1%	87,295	-14.6%	0.34%	-11.2%
PM	Sell	PHILIP MORRIS INTL	$2,762,000	+2.6%	31,423	-7.4%	0.34%	+8.8%
AN	New	AUTONATION INC	$2,735,000	–	45,845	–	0.33%	–
HD	Sell	HOME DEPOT INC	$2,695,000	+12.9%	20,375	-1.4%	0.33%	+19.8%
MKC	Sell	McCORMICK & CO INC NON VTG	$2,695,000	+0.9%	31,500	-3.1%	0.33%	+6.9%
KYN	Sell	KAYNE ANDERSON MLP INVES	$2,684,000	-29.8%	155,250	-5.8%	0.33%	-25.6%
DUK	Sell	DUKE ENERGY CORP	$2,675,000	-13.9%	37,468	-13.3%	0.32%	-8.7%
UNP	Sell	UNION PACIFIC CORP	$2,586,000	-20.5%	33,070	-10.1%	0.31%	-15.8%
DIS	Sell	WALT DISNEY CO	$2,570,000	-1.2%	24,459	-3.9%	0.31%	+4.7%
FISV	Sell	FISERV INC	$2,535,000	+4.0%	27,722	-1.5%	0.31%	+10.4%
PH	Sell	PARKER-HANNIFIN CORP	$2,458,000	-5.3%	25,350	-5.0%	0.30%	+0.3%
VWO	Sell	VANGUARD FTSE EMERGING MARKETS	$2,287,000	-5.4%	69,907	-4.3%	0.28%	+0.4%
QCOM	Sell	QUALCOMM INC	$1,992,000	-71.7%	39,850	-69.5%	0.24%	-69.9%
WELL	Sell	WELLTOWER INC	$1,918,000	-16.0%	28,200	-16.3%	0.23%	-10.7%
ACC	Sell	AMERICAN CAMPUS COMM REIT	$1,786,000	-1.2%	43,201	-13.3%	0.22%	+4.8%
LPT	Sell	LIBERTY PROPERTY TRU REIT	$1,759,000	-14.7%	56,658	-13.4%	0.21%	-9.3%
WFC	Sell	WELLS FARGO & CO	$1,749,000	-11.9%	32,172	-16.8%	0.21%	-6.6%
TMK	Sell	TORCHMARK CORP	$1,705,000	-8.7%	29,832	-9.9%	0.21%	-3.3%
EPP	Sell	ISHARES MSCI PACIFIC EX JAPAN	$1,574,000	-23.3%	41,000	-26.8%	0.19%	-18.7%
AFL	Sell	AFLAC INC	$1,572,000	-9.7%	26,250	-12.4%	0.19%	-4.0%
MDLZ	Sell	MONDELEZ INTL CLASS A	$1,451,000	+4.8%	32,354	-2.1%	0.18%	+10.7%
TTE	Sell	TOTAL S A F ADR 1 ADR REPS 1 O	$1,419,000	-18.4%	31,572	-18.8%	0.17%	-13.6%
ALL	Sell	ALLSTATE CORPORATION	$1,370,000	-0.1%	22,063	-6.4%	0.17%	+5.7%
BKH	Sell	BLACK HILLS CORP	$1,323,000	+11.6%	28,500	-0.7%	0.16%	+18.4%
KO	Sell	COCA COLA COMPANY	$1,316,000	-40.3%	30,633	-44.3%	0.16%	-36.8%
LLL	Sell	L-3 COMMUNICATIONS	$1,307,000	+1.3%	10,939	-11.4%	0.16%	+7.4%
AXP	Sell	AMERICAN EXPRESS CO	$1,261,000	-13.1%	18,135	-7.3%	0.15%	-7.8%
BXLT	Sell	BAXALTA INCORPORATED	$1,226,000	+8.0%	31,420	-12.8%	0.15%	+14.6%
BAX	Sell	BAXTER INTERNATIONAL	$1,161,000	-2.4%	30,420	-16.0%	0.14%	+3.7%
PPL	Sell	PPL CORPORATION	$1,127,000	-13.3%	33,013	-16.5%	0.14%	-8.1%
HCP	Sell	HCP INC REIT	$1,029,000	-15.2%	26,907	-17.4%	0.12%	-10.1%
BA	Buy	BOEING CO	$1,019,000	+17.0%	7,050	+6.0%	0.12%	+24.0%
VTR	Buy	VENTAS INC REIT	$996,000	+54.4%	17,650	+53.5%	0.12%	+63.5%
SYY	Sell	SYSCO CORPORATION	$904,000	-1.3%	22,048	-6.2%	0.11%	+4.8%
LMT	Buy	LOCKHEED MARTIN CORP	$879,000	+39.1%	4,050	+32.8%	0.11%	+48.6%
KHC	Sell	KRAFT HEINZ COMPANY	$877,000	-1.8%	12,057	-4.8%	0.11%	+3.9%
NVS	Sell	NOVARTIS AG F ADR 1 ADR REPS 1	$845,000	-8.3%	9,823	-2.0%	0.10%	-2.8%
THO	Sell	THOR INDUSTRIES INC	$837,000	+4.9%	14,900	-3.2%	0.10%	+12.1%
HIG	Sell	HARTFORD FINL SVC GP	$805,000	-6.2%	18,523	-1.2%	0.10%	0.0%
RGCO	Sell	RGC RESOURCES INC	$802,000	-1.7%	37,616	-6.9%	0.10%	+4.3%
MPC	Sell	MARATHON PETE CORP	$782,000	-8.6%	15,080	-18.4%	0.10%	-3.1%
M	Sell	MACYS INC	$745,000	-82.6%	21,300	-74.4%	0.09%	-81.6%
MDP	Sell	MEREDITH CORP	$701,000	-10.2%	16,200	-11.7%	0.08%	-4.5%
GSK	Sell	GLAXOSMITHKLINE PLC F ADR 1 AD	$703,000	-27.7%	17,424	-31.2%	0.08%	-23.4%
APU	Sell	AMERIGAS PARTNERS, L LP	$675,000	-19.2%	19,700	-2.0%	0.08%	-14.6%
DRI	Sell	DARDEN RESTAURANTS	$630,000	-24.6%	9,900	-18.9%	0.08%	-20.8%
OMC	Sell	OMNICOM GROUP INC	$613,000	+13.5%	8,100	-1.2%	0.07%	+19.4%
GIS	Sell	GENERAL MILLS INC	$603,000	-17.1%	10,460	-19.3%	0.07%	-12.0%
UDR	Sell	UDR INC. REIT	$580,000	+4.9%	15,432	-3.7%	0.07%	+11.1%
HAL	Sell	HALLIBURTON CO HLDG	$568,000	-85.7%	16,680	-85.1%	0.07%	-84.8%
CAG	Sell	CONAGRA FOODS INC	$571,000	-15.0%	13,545	-18.4%	0.07%	-10.4%
GOOGL	New	ALPHABET INC CLASS A	$531,000	–	682	–	0.06%	–
BPL	Sell	BUCKEYE PARTNERS LP LP	$524,000	-35.2%	7,950	-41.8%	0.06%	-31.2%
EFA	Sell	ISHARES MSCI EAFE ETF	$523,000	-34.8%	8,914	-36.3%	0.06%	-31.5%
RDSA	Sell	ROYAL DUTCH SHELL F ADR 1 ADR	$497,000	-26.6%	10,850	-24.0%	0.06%	-23.1%
LOW	Sell	LOWES COMPANIES INC	$476,000	-1.4%	6,259	-10.7%	0.06%	+5.5%
CELG	Sell	CELGENE CORP	$473,000	-23.3%	3,950	-30.7%	0.06%	-19.7%
SO	Sell	SOUTHERN COMPANY	$461,000	+1.1%	9,850	-3.4%	0.06%	+7.7%
AGU	Sell	AGRIUM INC F	$465,000	-8.8%	5,200	-8.8%	0.06%	-3.4%
PEG	Sell	PUB SVC ENTERPISE GP	$410,000	-22.1%	10,600	-15.0%	0.05%	-16.7%
APA	Sell	APACHE CORP	$412,000	-6.2%	9,262	-17.4%	0.05%	0.0%
DGICA	Sell	DONEGAL GROUP INC CLASS A	$412,000	-8.8%	29,273	-9.0%	0.05%	-3.8%
GOOG	New	ALPHABET INC CLASS C	$394,000	–	519	–	0.05%	–
HRB	Sell	BLOCK H & R INCORP	$361,000	-43.9%	10,850	-38.9%	0.04%	-40.5%
BAC	Sell	BANK OF AMERICA CORP	$318,000	-16.8%	18,924	-22.8%	0.04%	-11.4%
RCL	Sell	ROYAL CARIBBEAN CRUI F	$311,000	-34.1%	3,075	-41.9%	0.04%	-29.6%
HPT	Sell	HOSPITALITY PROP TR REIT	$309,000	-16.7%	11,800	-18.6%	0.04%	-9.5%
DNP	Buy	DNP SELECT INCOME CF	$302,000	+17.1%	33,700	+17.4%	0.04%	+23.3%
AEP	Sell	AMER ELECTRIC PWR CO	$291,000	-8.5%	5,000	-10.7%	0.04%	-2.8%
ETP	Sell	ENERGY TRANSFER PART LP	$272,000	-29.7%	8,073	-14.3%	0.03%	-25.0%
FCX	Sell	FREEPORT MCMORAN INC	$261,000	-43.0%	38,600	-18.4%	0.03%	-38.5%
APC	Sell	ANADARKO PETROLEUM	$255,000	-25.9%	5,250	-7.9%	0.03%	-20.5%
TGI	New	TRIUMPH GROUP INC	$219,000	–	5,500	–	0.03%	–
GLW	Sell	CORNING INC	$215,000	-3.6%	11,748	-10.0%	0.03%	0.0%
VLO	New	VALERO ENERGY CORP	$205,000	–	2,900	–	0.02%	–
TFX	New	TELEFLEX INCORPORATE	$204,000	–	1,550	–	0.02%	–
ESS	Sell	ESSEX PROPERTY TR REIT	$209,000	-11.1%	875	-16.7%	0.02%	-7.4%
MHFI	Sell	MCGRAW-HILL FIN	$207,000	+2.5%	2,100	-9.9%	0.02%	+8.7%
DVN	Exit	DEVON ENERGY CORP	$0	–	-5,525	–	-0.02%	–
K	Exit	KELLOGG CO	$0	–	-3,206	–	-0.02%	–
WTR	Exit	AQUA AMERICA	$0	–	-8,056	–	-0.02%	–
BP	Exit	BP PLC	$0	–	-6,820	–	-0.02%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-8,156	–	-0.02%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-3,100	–	-0.03%	–
WMT	Exit	WAL-MART STORES	$0	–	-3,600	–	-0.03%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-15,380	–	-0.03%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-6,725	–	-0.03%	–
KSS	Exit	KOHLS CORP WISC PV	$0	–	-6,300	–	-0.03%	–
DOV	Exit	DOVER CORP	$0	–	-6,000	–	-0.04%	–
VXUS	Exit	VANGUARD TOTAL INTL STOCK ETF	$0	–	-7,800	–	-0.04%	–
VTI	Exit	VANGUARD TOTAL STOCK MKT INDEX	$0	–	-5,700	–	-0.06%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-21,708	–	-0.07%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-29,450	–	-0.42%	–

Q3 2015

			Value		Shares		↓ Weighting
UPS	Buy	UNITED PARCEL SERVICE INC	$29,019,000	+43.1%	294,040	+40.6%	3.32%	+275.6%
ABBV	Buy	ABBVIE INC	$17,429,000	+3.3%	320,322	+27.5%	2.00%	+170.8%
GE	Buy	GENERAL ELECTRIC	$15,590,000	+21.1%	618,172	+27.6%	1.79%	+217.8%
JNJ	Buy	JOHNSON & JOHNSON	$15,199,000	+32.4%	162,814	+38.2%	1.74%	+247.5%
KMB	Buy	KIMBERLY-CLARK CORP	$14,568,000	+25.9%	133,605	+22.3%	1.67%	+230.5%
APD	Buy	AIR PRODUCTS & CHEMICALS INC	$14,469,000	+12.8%	113,413	+21.0%	1.66%	+195.9%
MSFT	Buy	MICROSOFT CORP	$13,480,000	+19.1%	304,565	+18.8%	1.54%	+212.6%
CVS	Buy	CVS HEALTH CORPORATION	$13,293,000	+22.8%	137,784	+33.5%	1.52%	+222.0%
UTX	Buy	UNITED TECHNOLOGIES CORP	$12,795,000	+4.4%	143,784	+30.1%	1.47%	+174.0%
ACN	Buy	ACCENTURE PLC - CL A	$12,535,000	+21.4%	127,573	+19.6%	1.44%	+218.4%
XOM	Buy	EXXON MOBIL CORPORATION	$12,431,000	+22.1%	167,197	+36.7%	1.42%	+220.7%
MMM	Buy	3M COMPANY	$11,830,000	+13.9%	83,442	+24.0%	1.36%	+199.1%
WM	Buy	WASTE MANAGEMENT INC	$11,739,000	+26.7%	235,676	+17.9%	1.34%	+232.9%
HON	Buy	HONEYWELL INTL INC	$11,671,000	+15.5%	123,251	+24.4%	1.34%	+203.2%
BMY	Buy	BRISTOL-MYERS SQUIBB	$11,670,000	-0.3%	197,129	+12.1%	1.34%	+161.6%
ETN	Buy	EATON CORP PLC	$11,620,000	-3.7%	226,518	+26.7%	1.33%	+152.6%
CHD	Buy	CHURCH & DWIGHT INC	$11,426,000	+4.9%	136,190	+1.4%	1.31%	+175.6%
JPM	Buy	JPMORGAN CHASE & CO.	$11,104,000	+19.1%	182,119	+32.4%	1.27%	+212.5%
MCD	Buy	McDONALDS CORP	$10,218,000	+36.6%	103,707	+31.8%	1.17%	+257.8%
NVO	Sell	NOVO-NORDISK ADR	$10,089,000	-4.5%	186,000	-3.6%	1.16%	+150.8%
DOW	Buy	DOW CHEMICAL CO	$10,003,000	+8.1%	235,919	+30.5%	1.15%	+183.7%
LLY	Buy	ELI LILLY CO	$9,863,000	+13.5%	117,849	+13.2%	1.13%	+198.2%
PSX	Buy	PHILLIPS 66	$9,486,000	+2.3%	123,456	+7.3%	1.09%	+168.4%
VZ	Buy	VERIZON COMMUNICATIONS	$9,401,000	+8.6%	216,061	+16.3%	1.08%	+184.9%
VFC	Buy	V F CORP	$9,187,000	+11.0%	134,691	+13.5%	1.05%	+191.4%
PEP	Buy	PEPSICO INC	$9,134,000	+31.9%	96,859	+30.5%	1.05%	+246.4%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$9,067,000	+3.5%	101,651	+11.0%	1.04%	+172.0%
AMGN	Buy	AMGEN INC	$8,902,000	+20.2%	64,360	+33.5%	1.02%	+215.8%
ABT	Buy	ABBOTT LABORATORIES	$8,564,000	+2.0%	212,936	+24.5%	0.98%	+168.0%
TRV	Buy	THE TRAVELERS COMPANIES INC	$8,428,000	+35.2%	84,673	+31.3%	0.96%	+254.8%
RPM	Buy	RPM INC	$8,141,000	-5.7%	194,338	+10.3%	0.93%	+147.5%
PPG	Buy	PPG INDUSTRIES INC	$8,147,000	-18.5%	92,904	+6.6%	0.93%	+113.5%
AWK	Buy	AMERICAN WATER WORKS CO INC	$7,965,000	+22.8%	144,610	+8.4%	0.91%	+222.3%
AMP	Buy	AMERIPRISE FINANCIAL INC	$7,782,000	-2.3%	71,308	+11.9%	0.89%	+156.0%
MET	Buy	METLIFE INC	$7,282,000	+18.6%	154,449	+40.9%	0.83%	+211.2%
WHR	Buy	WHIRLPOOL CORP	$7,227,000	+26.3%	49,075	+48.5%	0.83%	+231.2%
QCOM	Buy	QUALCOMM INC	$7,029,000	+2.6%	130,817	+19.5%	0.80%	+169.2%
SPG	Sell	SIMON PROPERTY GROUP INC	$6,890,000	-45.0%	37,505	-48.2%	0.79%	+44.2%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$6,690,000	-11.0%	79,440	+10.0%	0.77%	+133.5%
IBM	Buy	INT'L BUSINESS MACHINES CORP	$6,641,000	+15.3%	45,809	+29.3%	0.76%	+203.2%
COP	Buy	CONOCOPHILLIPS	$6,300,000	-14.0%	131,362	+10.2%	0.72%	+125.6%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO	$6,195,000	+18.7%	76,519	+30.4%	0.71%	+211.4%
CVX	Buy	CHEVRON CORP	$6,146,000	-4.5%	77,918	+16.8%	0.70%	+150.5%
WDFC	Buy	WD-40 CO	$5,901,000	+11.3%	66,250	+8.9%	0.68%	+191.4%
EMR	Buy	EMERSON ELECTRIC	$5,883,000	-9.8%	133,196	+13.2%	0.67%	+136.5%
NXPI	Buy	NXP SEMICONDUCTORS NV ADR	$5,846,000	+23.9%	67,140	+39.8%	0.67%	+225.2%
SWK	Buy	STANLEY BLACK DECKER INC	$5,794,000	+18.1%	59,749	+28.2%	0.66%	+210.3%
AAPL	Buy	APPLE INC	$5,580,000	+2.8%	50,592	+16.9%	0.64%	+169.6%
WPC	Buy	W P CAREY INC	$5,535,000	+1.5%	95,741	+3.5%	0.63%	+166.4%
ORCL	Sell	ORACLE CORPORATION	$5,517,000	-15.3%	152,754	-5.5%	0.63%	+122.5%
MGA	Buy	MAGNA INTERNATIONAL INC	$5,459,000	-10.0%	113,715	+5.2%	0.62%	+135.8%
MRK	Buy	MERCK & CO INC/NJ	$5,369,000	-0.6%	108,703	+14.6%	0.62%	+160.6%
NEE	Buy	NEXTERA ENERGY INC	$5,360,000	+25.6%	54,950	+26.2%	0.61%	+230.1%
DEO	Buy	DIAGEO PLC ADR	$5,296,000	+25.2%	49,137	+34.8%	0.61%	+228.1%
NSC	Buy	NORFOLK SOUTHERN CORP	$5,281,000	-0.3%	69,128	+14.0%	0.60%	+161.9%
BDX	Sell	BECTON DICKINSON & CO	$5,264,000	-14.7%	39,682	-8.9%	0.60%	+124.2%
PFE	Buy	PFIZER INC	$5,150,000	+28.1%	163,945	+36.7%	0.59%	+235.2%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$5,129,000	+4.2%	41,945	+10.6%	0.59%	+173.5%
PG	Buy	PROCTER & GAMBLE	$5,112,000	+3.7%	71,066	+12.8%	0.59%	+172.6%
LYB	Buy	LYONDELL BASELL INDUSTRIES - C	$5,091,000	+4.9%	61,075	+30.3%	0.58%	+175.0%
PNY	Buy	PIEDMONT NATURAL GAS	$5,084,000	+21.2%	126,886	+6.8%	0.58%	+218.0%
FDX	Buy	FEDEX CORPORATION	$5,062,000	+24.2%	35,160	+47.0%	0.58%	+225.8%
CSCO	Buy	CISCO SYSTEMS INC	$5,031,000	+379.6%	191,642	+401.6%	0.58%	+1152.2%
CCL	Buy	CARNIVAL CORP	$4,920,000	+30.6%	98,990	+29.8%	0.56%	+243.9%
T	Buy	A T & T INC	$4,908,000	+16.6%	150,647	+27.1%	0.56%	+205.4%
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$4,829,000	+9.3%	72,998	+28.5%	0.55%	+186.5%
CDW	Buy	CDW CORP OF DELAWARE	$4,720,000	+23.2%	115,510	+3.4%	0.54%	+224.0%
AAL	Buy	AMERICAN AIRLINES GROUP INC	$4,690,000	+7.5%	120,790	+10.6%	0.54%	+182.6%
AGN	Buy	ALLERGAN PLC	$4,581,000	+21.9%	16,855	+36.1%	0.52%	+220.1%
RTN	Buy	RAYTHEON	$4,534,000	+54.9%	41,494	+35.6%	0.52%	+305.5%
TD	Buy	TORONTO-DOMINION BANK	$4,506,000	+23.0%	114,302	+32.7%	0.52%	+222.5%
PRU	Buy	PRUDENTIAL FINANCIAL	$4,490,000	+21.7%	58,916	+39.8%	0.51%	+219.3%
COF	Buy	CAPITAL ONE FINANCIAL CORP VA	$4,446,000	+10.7%	61,314	+34.3%	0.51%	+190.9%
UGI	Buy	UGI CORP	$4,439,000	+19.7%	127,475	+18.4%	0.51%	+213.6%
INTC	Buy	INTEL CORP	$4,421,000	+25.7%	146,677	+26.9%	0.51%	+228.6%
KIM	Buy	KIMCO REALTY CORP	$4,412,000	+17.0%	180,605	+7.9%	0.50%	+206.1%
DLR	Sell	DIGITAL REALTY TRUST INC	$4,367,000	-21.9%	66,861	-20.3%	0.50%	+104.9%
MO	Buy	ALTRIA GROUP INC	$4,318,000	+23.7%	79,384	+11.2%	0.50%	+225.7%
DE	Buy	DEERE & CO	$4,313,000	-8.6%	58,285	+19.9%	0.49%	+139.8%
M	Sell	MACY'S INC	$4,272,000	-26.6%	83,236	-3.5%	0.49%	+92.5%
MHK	Sell	MOHAWK INDUSTRIES INC	$4,244,000	-26.2%	23,345	-22.5%	0.49%	+93.6%
URI	Sell	UNITED RENTALS	$4,148,000	-84.4%	69,071	-77.2%	0.48%	-59.1%
PNR	Buy	PENTAIR PLC	$4,101,000	-4.9%	80,339	+28.1%	0.47%	+150.0%
CSX	Buy	CSX CORP	$4,092,000	-3.9%	152,132	+16.7%	0.47%	+152.2%
AMG	Sell	AFFILIATED MANAGERS GROUP INC	$4,064,000	-87.5%	23,767	-84.1%	0.47%	-67.3%
TGT	Buy	TARGET CORP	$4,015,000	+91.5%	51,040	+98.7%	0.46%	+400.0%
DHI	Buy	D.R. HORTON INC	$3,984,000	+7.8%	135,705	+0.5%	0.46%	+183.2%
HAL	Buy	HALLIBURTON CO	$3,968,000	+7.2%	112,255	+30.6%	0.46%	+180.9%
GILD	Buy	GILEAD SCIENCES INC	$3,970,000	+15.8%	40,435	+38.1%	0.46%	+203.3%
TEL	Buy	TE CONNECTIVITY LTD	$3,960,000	+26.4%	66,129	+35.7%	0.45%	+231.4%
MS	Buy	MORGAN STANLEY	$3,964,000	+14.2%	125,840	+40.6%	0.45%	+198.7%
HDS	Buy	HD SUPPLY HOLDINGS INC	$3,890,000	+10.1%	135,910	+35.3%	0.45%	+189.6%
WY	Sell	WEYERHAEUSER CO	$3,846,000	-21.3%	140,665	-9.3%	0.44%	+107.0%
SLB	Buy	SCHLUMBERGER LTD	$3,845,000	+3.4%	55,750	+29.3%	0.44%	+171.6%
TYC	Buy	TYCO INTERNATIONAL PLC	$3,823,000	+8.1%	114,257	+24.4%	0.44%	+184.4%
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$3,821,000	-20.8%	164,827	+4.8%	0.44%	+107.6%
JCI	Buy	JOHNSON CONTROLS	$3,718,000	+54.3%	89,900	+84.8%	0.43%	+305.7%
CAT	Buy	CATERPILLAR INC	$3,712,000	-13.5%	56,791	+12.3%	0.42%	+127.3%
MCK	New	MCKESSON CORP	$3,683,000	–	19,905	–	0.42%	–
AVGO	Buy	AVAGO TECHNOLOGIES LTD	$3,682,000	+44.3%	29,450	+53.4%	0.42%	+280.2%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$3,647,000	-20.0%	38,828	-7.0%	0.42%	+110.1%
KEY	Sell	KEY CORP	$3,605,000	-22.9%	277,080	-11.0%	0.41%	+102.5%
CF	Sell	CF INDUSTRIES HOLDINGS INC	$3,595,000	-37.9%	80,065	-11.1%	0.41%	+62.8%
USB	Buy	U.S. BANCORP	$3,576,000	+3.1%	87,205	+9.1%	0.41%	+171.5%
MYL	Sell	MYLAN NV	$3,558,000	-45.0%	88,369	-7.3%	0.41%	+44.7%
F	Buy	FORD MOTOR COMPANY	$3,515,000	+13.1%	259,025	+25.1%	0.40%	+196.3%
HBAN	Sell	HUNTINGTON BANCSHARES	$3,446,000	-10.2%	325,115	-4.1%	0.40%	+136.5%
D	Buy	DOMINION RESOURCES INC VA	$3,379,000	+11.6%	48,016	+6.0%	0.39%	+193.2%
EEM	Buy	ISHARES MSCI EMERGING MKTS FD	$3,350,000	+43.6%	102,197	+73.6%	0.38%	+276.5%
GPC	Buy	GENUINE PARTS CO	$3,321,000	-4.8%	40,060	+2.8%	0.38%	+150.0%
DD	Buy	DU PONT EI DE NEMOURS	$3,287,000	-7.2%	68,195	+23.1%	0.38%	+143.2%
UNP	Sell	UNION PACIFIC CORP	$3,253,000	-32.1%	36,795	-26.8%	0.37%	+78.5%
ARG	Buy	AIRGAS INC	$3,109,000	+10.9%	34,800	+31.3%	0.36%	+191.8%
DUK	Buy	DUKE ENERGY CO	$3,108,000	+34.7%	43,198	+32.2%	0.36%	+252.5%
HRS	Buy	HARRIS CORP	$3,049,000	+6.1%	41,675	+11.5%	0.35%	+179.2%
TYG	Buy	TORTOISE ENERGY INFRASTRUCTURE	$2,941,000	+524.4%	108,500	+751.0%	0.34%	+1504.8%
PM	Buy	PHILIP MORRIS INTERNATIONAL IN	$2,691,000	+7.3%	33,923	+8.5%	0.31%	+182.6%
CCI	Sell	CROWN CASTLE INTERNATIONAL COR	$2,680,000	-44.4%	33,975	-43.4%	0.31%	+46.2%
MKC	Buy	McCORMICK & CO INC NON VTG	$2,671,000	+4.7%	32,500	+3.2%	0.31%	+175.7%
DIS	Buy	WALT DISNEY COMPANY	$2,600,000	-7.6%	25,439	+3.1%	0.30%	+142.3%
PH	Buy	PARKER-HANNIFIN	$2,595,000	-3.7%	26,674	+15.1%	0.30%	+151.7%
FISV	Sell	FISERV INC	$2,438,000	-22.3%	28,147	-25.7%	0.28%	+103.6%
VWO	Buy	VANGUARD FTSE EMERGING MARKETS	$2,417,000	-16.2%	73,051	+3.5%	0.28%	+119.8%
HD	Buy	HOME DEPOT INC	$2,387,000	+11.5%	20,665	+7.3%	0.27%	+193.5%
WELL	New	WELLTOWER INC	$2,282,000	–	33,700	–	0.26%	–
KO	Buy	COCA-COLA	$2,206,000	+90.7%	54,985	+86.4%	0.25%	+396.1%
LPT	Buy	LIBERTY PROPERTY TRUST	$2,063,000	-2.0%	65,460	+0.2%	0.24%	+156.5%
EPP	Sell	ISHARES MSCI PACIFIC EX JAPAN	$2,053,000	-60.3%	56,000	-53.0%	0.24%	+4.0%
WFC	Buy	WELLS FARGO & CO	$1,986,000	+51.1%	38,672	+65.5%	0.23%	+298.2%
TMK	Sell	TORCHMARK CORP	$1,868,000	-42.0%	33,112	-40.2%	0.21%	+51.8%
ACC	Sell	AMERICAN CAMPUS COMMUNITIES IN	$1,807,000	-91.2%	49,850	-90.9%	0.21%	-76.9%
AFL	Buy	AFLAC INC	$1,741,000	+42.9%	29,950	+53.0%	0.20%	+275.5%
TTE	Sell	TOTAL SA SPON ADR	$1,739,000	-46.2%	38,899	-40.8%	0.20%	+41.1%
AXP	Buy	AMERICAN EXPRESS	$1,451,000	+33.9%	19,573	+40.3%	0.17%	+253.2%
SJM	Buy	J.M. SMUCKER COM	$1,385,000	+19.0%	12,139	+13.0%	0.16%	+211.8%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$1,384,000	+4.0%	33,046	+2.1%	0.16%	+174.1%
ALL	Buy	ALLSTATE CORPORATION	$1,372,000	+0.1%	23,565	+11.6%	0.16%	+161.7%
PPL	Buy	PPL CORP	$1,300,000	+52.0%	39,513	+36.1%	0.15%	+302.7%
LLL	Buy	L-3 COMMUNICATIONS HLDGS INC	$1,290,000	-1.4%	12,340	+6.9%	0.15%	+159.6%
HCP	Buy	HCP INC	$1,214,000	+30.0%	32,582	+27.3%	0.14%	+239.0%
BAX	Buy	BAXTER INT'L	$1,190,000	-30.0%	36,220	+48.9%	0.14%	+83.8%
BKH	Sell	BLACK HILLS CORP	$1,186,000	-6.2%	28,700	-0.9%	0.14%	+147.3%
BXLT	New	BAXALTA INC	$1,135,000	–	36,020	–	0.13%	–
GSK	Buy	GLAXOSMITHKLINE PLC ADR	$973,000	+60.8%	25,318	+74.2%	0.11%	+326.9%
NVS	Buy	NOVARTIS AG	$921,000	+98.5%	10,023	+112.4%	0.11%	+430.0%
SYY	Buy	SYSCO CORP	$916,000	+14.9%	23,500	+6.5%	0.10%	+200.0%
KHC	New	KRAFT HEINZ COMPANY	$893,000	–	12,659	–	0.10%	–
BA	Buy	BOEING CO	$871,000	+88.9%	6,650	+100.0%	0.10%	+400.0%
MPC	Buy	MARATHON PETROLEUM CORP	$856,000	+3.8%	18,480	+17.1%	0.10%	+172.2%
HIG	Buy	HARTFORD FINANCIAL SERVICES GR	$858,000	+110.8%	18,743	+91.2%	0.10%	+444.4%
DRI	Buy	DARDEN RESTAURANTS INC	$836,000	+29.2%	12,200	+34.1%	0.10%	+242.9%
APU	Buy	AMERIGAS PARTNERS LP	$835,000	+23.3%	20,100	+35.8%	0.10%	+220.0%
BPL	Buy	BUCKEYE PARTNERS L P UNIT LTD	$809,000	+49.0%	13,650	+85.7%	0.09%	+287.5%
RGCO	Buy	RGC RESOURCES	$816,000	+16.2%	40,416	+15.1%	0.09%	+200.0%
EFA	Sell	ISHARES MSCI EAFE ETF	$802,000	-25.5%	13,989	-17.5%	0.09%	+95.7%
THO	Sell	THOR INDUSTRIES INC	$798,000	-96.0%	15,400	-95.6%	0.09%	-89.5%
CL	Buy	COLGATE PALMOLIVE CO	$796,000	+95.1%	12,542	+100.9%	0.09%	+405.6%
IBB	New	ISHARES NASDAQ BIOTECH ETF	$789,000	–	2,600	–	0.09%	–
MDP	Buy	MEREDITH CORP	$781,000	-3.1%	18,350	+18.8%	0.09%	+154.3%
GIS	Buy	GENERAL MILLS INC	$727,000	+24.7%	12,960	+23.9%	0.08%	+232.0%
RDSA	Buy	ROYAL DUTCH SHELL PLC	$677,000	+5.6%	14,285	+27.1%	0.08%	+178.6%
CAG	Buy	CONAGRA FOODS INC	$672,000	+13.5%	16,596	+22.5%	0.08%	+196.2%
HRB	Buy	H&R BLOCK INC	$643,000	+108.8%	17,752	+70.7%	0.07%	+469.2%
VTR	Sell	VENTAS INC	$645,000	-68.6%	11,500	-65.2%	0.07%	-17.8%
LMT	Buy	LOCKHEED MARTIN CORP	$632,000	+44.6%	3,050	+29.8%	0.07%	+278.9%
CELG	Buy	CELGENE CORP COM	$617,000	+11.0%	5,700	+18.8%	0.07%	+195.8%
KMI	Buy	KINDER MORGAN INC	$601,000	+12.5%	21,708	+55.9%	0.07%	+200.0%
UDR	Sell	UDR INC	$553,000	-85.1%	16,032	-86.2%	0.06%	-61.1%
DGX	Buy	QUEST DIAGNOSTICS	$553,000	-4.7%	8,998	+12.5%	0.06%	+152.0%
OMC	Buy	OMNICOM GROUP INC	$540,000	+122.2%	8,200	+134.3%	0.06%	+463.6%
PEG	Buy	PUBLIC SERVICE ENTERPRISE INC	$526,000	+26.4%	12,468	+17.6%	0.06%	+233.3%
ARE	Sell	ALEXANDRIA REAL ESTATE EQUITIE	$504,000	-84.9%	5,950	-84.4%	0.06%	-60.3%
AGU	Buy	AGRIUM INC	$510,000	+6.9%	5,700	+26.7%	0.06%	+176.2%
IR	Buy	INGERSOLL-RAND PLC	$495,000	+135.7%	9,750	+212.9%	0.06%	+533.3%
LOW	Buy	LOWES COMPANIES INC	$483,000	+19.0%	7,009	+15.7%	0.06%	+205.6%
RCL	Sell	ROYAL CARIBBEAN CRUISES LTD	$472,000	-62.5%	5,296	-66.9%	0.05%	-1.8%
DGICA	Buy	DONEGAL GROUP INC CL A	$452,000	+8.9%	32,169	+18.1%	0.05%	+188.9%
SO	Buy	SOUTHERN CO	$456,000	+105.4%	10,200	+92.5%	0.05%	+420.0%
FCX	Buy	FREEPORT-MCMORAN INC	$458,000	+5.0%	47,275	+102.0%	0.05%	+173.7%
APA	New	APACHE CORP	$439,000	–	11,212	–	0.05%	–
LH	Buy	LABORATORY CORPORATION OF AMER	$397,000	+7.3%	3,656	+19.6%	0.04%	+181.2%
BAC	Buy	BANK OF AMERICA CORP	$382,000	+34.0%	24,524	+46.6%	0.04%	+266.7%
ETP	Buy	ENERGY TRANSFER PARTNERS LP	$387,000	-7.2%	9,415	+17.9%	0.04%	+144.4%
HPT	Sell	HOSPITALITY PROPERTIES TRUST	$371,000	-35.0%	14,500	-26.9%	0.04%	+68.0%
COST	New	COSTCO WHOLESALE CORP	$348,000	–	2,410	–	0.04%	–
DOV	New	DOVER CORP	$343,000	–	6,000	–	0.04%	–
APC	Buy	ANADARKO PETROLEUM CORP	$344,000	-21.3%	5,700	+1.8%	0.04%	+105.3%
ADP	New	AUTOMATIC DATA PROCESSING INC	$321,000	–	4,000	–	0.04%	–
IEFA	Buy	ISHARES CORE MSCI EAFE ETF	$310,000	+33.0%	5,867	+46.7%	0.04%	+260.0%
AON	Buy	AON PLC	$312,000	+24.3%	3,519	+39.7%	0.04%	+227.3%
AEP	Buy	AMERICAN ELECTRIC POWER CO	$318,000	+39.5%	5,600	+30.2%	0.04%	+260.0%
NNN	Sell	NATIONAL RETAIL PPTYS INC	$305,000	-86.3%	8,400	-86.8%	0.04%	-63.9%
KSS	Buy	KOHLS CORP WISC PV	$292,000	-12.0%	6,300	+18.9%	0.03%	+135.7%
HSY	Buy	HERSHEY FOODS	$289,000	+8.6%	3,150	+5.0%	0.03%	+175.0%
DNP	Sell	DNP SELECT INCOME FUND INC	$258,000	-22.5%	28,700	-12.8%	0.03%	+100.0%
NOV	Buy	NATIONAL OILWELL VARCO INC	$253,000	-8.3%	6,725	+17.5%	0.03%	+141.7%
WMT	Buy	WAL-MART STORES	$233,000	+10.4%	3,600	+21.0%	0.03%	+200.0%
MRO	Sell	MARATHON OIL CORP	$237,000	-50.5%	15,380	-14.7%	0.03%	+28.6%
ESS	Sell	ESSEX PROPERTY TRUST INC	$235,000	-92.0%	1,050	-92.4%	0.03%	-78.9%
GLW	Buy	CORNING INC	$223,000	-10.1%	13,050	+4.0%	0.03%	+136.4%
CPT	New	CAMDEN PROPERTY TRUST	$229,000	–	3,100	–	0.03%	–
SE	New	SPECTRA ENERGY CORP	$214,000	–	8,156	–	0.02%	–
WTR	New	AQUA AMERICA	$213,000	–	8,056	–	0.02%	–
K	New	KELLOGG CO	$213,000	–	3,206	–	0.02%	–
BP	New	BP PLC	$208,000	–	6,820	–	0.02%	–
DVN	Sell	DEVON ENERGY CORP	$205,000	-54.1%	5,525	-26.5%	0.02%	+15.0%
MHFI	Buy	MCGRAW-HILL FINANCIAL INC	$202,000	-4.3%	2,330	+11.0%	0.02%	+155.6%
VOO	Sell	VANGUARD S&P 500 ETF	$203,000	-25.9%	1,153	-20.6%	0.02%	+91.7%
CRV	Exit	COAST DISTRIBUTION SERVICES	$0	–	-13,000	–	-0.00%	–
MUFG	Exit	MITSUBISHI UFJ FINANCIAL GROUP	$0	–	-10,000	–	-0.00%	–
BDN	Exit	BRANDYWINE REALTY TRUST SBI	$0	–	-12,200	–	-0.01%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LL	$0	–	-2,800	–	-0.01%	–
KED	Exit	KAYNE ANDERSON ENERGY DEVELOPM	$0	–	-8,500	–	-0.01%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-3,250	–	-0.01%	–
TFX	Exit	TELEFLEX INC	$0	–	-1,700	–	-0.01%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-435	–	-0.01%	–
NGLS	Exit	TARGA RESOURCES PARTNERS LP	$0	–	-5,700	–	-0.01%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-9,350	–	-0.01%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-513	–	-0.01%	–
HES	Exit	HESS CORP	$0	–	-3,950	–	-0.01%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-6,200	–	-0.02%	–
FXI	Exit	ISHARES CHINA LARGE CAP ETF	$0	–	-9,200	–	-0.02%	–
FDO	Exit	FAMILY DOLLAR STORES	$0	–	-10,040	–	-0.04%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-27,674	–	-0.04%	–
PHM	Exit	PULTEGROUP INC	$0	–	-40,000	–	-0.04%	–
SPNV	Exit	SUPERIOR ENERGY SERVICES	$0	–	-37,800	–	-0.04%	–
TSRE	Exit	TRADE STREET RESIDENTIAL INC	$0	–	-124,354	–	-0.04%	–
GBX	Exit	GREENBRIER COMPANIES INC	$0	–	-17,400	–	-0.04%	–
WCC	Exit	WESCO INTERNATIONAL INC	$0	–	-14,300	–	-0.04%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-11,859	–	-0.04%	–
ARW	Exit	ARROW ELECTRONICS INC	$0	–	-20,400	–	-0.05%	–
CCG	Exit	CAMPUS CREST COMMUNITIES INC	$0	–	-215,000	–	-0.05%	–
FRC	Exit	FIRST REPUBLIC BANK/CA	$0	–	-19,800	–	-0.05%	–
WLK	Exit	WESTLAKE CHEMICAL CORP	$0	–	-18,800	–	-0.06%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-100,000	–	-0.06%	–
PKI	Exit	PERKINELMER INC	$0	–	-26,500	–	-0.06%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-56,250	–	-0.06%	–
HOT	Exit	STARWOOD HOTELS RESORTS WORLDW	$0	–	-18,000	–	-0.06%	–
FR	Exit	FIRST INDUSTRIAL REALTY TRUST	$0	–	-80,000	–	-0.06%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES INC	$0	–	-55,000	–	-0.07%	–
AFG	Exit	AMERICAN FINANCIAL GROUP INC	$0	–	-24,400	–	-0.07%	–
HTA	Exit	HEALTHCARE TRUST OF AMERICA	$0	–	-69,500	–	-0.07%	–
ENR	Exit	ENERGIZER HOLDINGS INC	$0	–	-13,200	–	-0.08%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-28,600	–	-0.08%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-38,900	–	-0.08%	–
SKT	Exit	TANGER FACTORY OUTLET CENTERS	$0	–	-58,000	–	-0.08%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-79,200	–	-0.08%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-65,000	–	-0.09%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS	$0	–	-61,000	–	-0.09%	–
MAR	Exit	MARRIOTT INTERNATIONAL INC CL	$0	–	-28,000	–	-0.09%	–
CUBE	Exit	CUBE SMART	$0	–	-90,000	–	-0.09%	–
ICLR	Exit	ICON PLC	$0	–	-31,200	–	-0.09%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-96,950	–	-0.10%	–
FRT	Exit	FEDERAL REALTY INV. TRUST	$0	–	-17,500	–	-0.10%	–
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-27,000	–	-0.10%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-36,500	–	-0.12%	–
AKR	Exit	ACADIA REALTY TRUST	$0	–	-91,900	–	-0.12%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-40,200	–	-0.12%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-30,000	–	-0.12%	–
GGP	Exit	GENERAL GROWTH PROPERTIES	$0	–	-115,000	–	-0.13%	–
EGP	Exit	EASTGROUP PROPERTIES SBI	$0	–	-55,000	–	-0.14%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-107,200	–	-0.14%	–
DDR	Exit	DDR CORP	$0	–	-206,864	–	-0.14%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-54,950	–	-0.16%	–
WPG	Exit	WP GLIMCHER INC	$0	–	-325,732	–	-0.19%	–
MAC	Exit	MACERICH CO	$0	–	-63,132	–	-0.21%	–
THG	Exit	HANOVER INSURANCE GROUP INC/TH	$0	–	-67,249	–	-0.22%	–
TLMR	Exit	TALMER BANCORP INC CLASS A	$0	–	-362,800	–	-0.26%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-137,725	–	-0.49%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-271,225	–	-0.53%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-278,130	–	-0.60%	–
CATM	Exit	CARDTRONICS INC	$0	–	-381,735	–	-0.62%	–
NWBI	Exit	NORTHWEST BANCSHARES INC	$0	–	-1,112,426	–	-0.62%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-475,605	–	-0.66%	–
WOR	Exit	WORTHINGTON INDUSTRIES INC	$0	–	-501,765	–	-0.66%	–
EE	Exit	EL PASO ELECTRIC CO	$0	–	-450,681	–	-0.68%	–
OSK	Exit	OSHKOSH CORP	$0	–	-371,450	–	-0.69%	–
MTZ	Exit	MASTEC INCORPORATED	$0	–	-810,850	–	-0.70%	–
AVA	Exit	AVISTA CORP	$0	–	-533,086	–	-0.71%	–
TRN	Exit	TRINITY INDUSTRIES	$0	–	-617,730	–	-0.71%	–
SIGI	Exit	SELECTIVE INSURANCE GROUP INC	$0	–	-599,525	–	-0.73%	–
DFODQ	Exit	DEAN FOODS CO	$0	–	-1,042,710	–	-0.74%	–
CTB	Exit	COOPER TIRE & RUBBER	$0	–	-512,050	–	-0.76%	–
CAB	Exit	CABELA'S INC	$0	–	-354,392	–	-0.77%	–
FMBI	Exit	FIRST MIDWEST BANCORP INC	$0	–	-949,025	–	-0.79%	–
CACI	Exit	CACI INTERNATIONAL INC - CL A	$0	–	-225,200	–	-0.80%	–
POR	Exit	PORTLAND GENERAL ELECTRIC CO	$0	–	-549,025	–	-0.80%	–
HME	Exit	HOME PROPERTIES INC	$0	–	-256,425	–	-0.82%	–
UMPQ	Exit	UMPQUA HOLDINGS CORP	$0	–	-1,044,446	–	-0.82%	–
AXE	Exit	ANIXTER INTERNATIONAL	$0	–	-291,725	–	-0.83%	–
SWX	Exit	SOUTHWEST GAS CORP	$0	–	-359,285	–	-0.83%	–
CBU	Exit	COMMUNITY BANK SYSTEMS INC	$0	–	-506,635	–	-0.84%	–
GBCI	Exit	GLACIER BANCORP INC	$0	–	-665,850	–	-0.86%	–
IBKC	Exit	IBERIABANK CORP	$0	–	-287,855	–	-0.86%	–
MBFI	Exit	MB FINANCIAL INC	$0	–	-570,375	–	-0.86%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWARE	$0	–	-718,600	–	-0.86%	–
CR	Exit	CRANE CO	$0	–	-343,075	–	-0.88%	–
GNRC	Exit	GENERAC HOLDINGS INC	$0	–	-511,640	–	-0.89%	–
ON	Exit	ON SEMICONDUCTOR CORPORATION	$0	–	-1,758,555	–	-0.90%	–
BLMN	Exit	BLOOMIN' BRANDS INC	$0	–	-978,290	–	-0.91%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-1,596,580	–	-0.91%	–
ANN	Exit	ANN INC	$0	–	-439,098	–	-0.93%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-532,714	–	-0.93%	–
WTFC	Exit	WINTRUST FINANCIAL CORP	$0	–	-412,025	–	-0.96%	–
UBSI	Exit	UNITED BANKSHARES	$0	–	-553,725	–	-0.97%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-217,775	–	-1.04%	–
RHP	Exit	RYMAN HOSPITALITY PROPERTIES	$0	–	-459,540	–	-1.06%	–
NTCT	Exit	NETSCOUT SYSTEMS INC	$0	–	-669,720	–	-1.07%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-473,525	–	-1.09%	–
EAT	Exit	BRINKER INTERNATIONAL INC	$0	–	-448,555	–	-1.13%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-665,255	–	-1.15%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-1,305,240	–	-1.18%	–
STRZA	Exit	STARZ CLASS A	$0	–	-627,400	–	-1.22%	–
MOGA	Exit	MOOG INC CLASS A	$0	–	-403,100	–	-1.24%	–
PTC	Exit	PTC INC	$0	–	-719,105	–	-1.29%	–
QRVO	Exit	QORVO INC	$0	–	-401,067	–	-1.40%	–
ENS	Exit	ENERSYS	$0	–	-467,285	–	-1.43%	–
POL	Exit	POLYONE CORP	$0	–	-874,565	–	-1.50%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-236,050	–	-1.51%	–
CASY	Exit	CASEYS GENERAL STORES INC	$0	–	-368,400	–	-1.54%	–
SIVB	Exit	SVB FINANCIAL GROUP	$0	–	-249,450	–	-1.57%	–
BDC	Exit	BELDEN INC	$0	–	-466,485	–	-1.65%	–
JAH	Exit	JARDEN CORPORATION	$0	–	-745,443	–	-1.68%	–
PRXL	Exit	PAREXEL INTERNATIONAL	$0	–	-625,310	–	-1.76%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-702,900	–	-1.78%	–

Q2 2015

			Value		Shares		↓ Weighting
WST	New	WEST PHARMACEUTICAL SERVICES	$40,824,000	–	702,900	–	1.78%	–
PRXL	New	PAREXEL INTERNATIONAL	$40,214,000	–	625,310	–	1.76%	–
JAH	New	JARDEN CORPORATION	$38,577,000	–	745,443	–	1.68%	–
BDC	New	BELDEN INC	$37,893,000	–	466,485	–	1.65%	–
SIVB	New	SVB FINANCIAL GROUP	$35,916,000	–	249,450	–	1.57%	–
CASY	New	CASEYS GENERAL STORES INC	$35,271,000	–	368,400	–	1.54%	–
SBNY	New	SIGNATURE BANK	$34,555,000	–	236,050	–	1.51%	–
POL	New	POLYONE CORP	$34,257,000	–	874,565	–	1.50%	–
ENS	New	ENERSYS	$32,845,000	–	467,285	–	1.43%	–
AMG	New	AFFILIATED MANAGERS GROUP INC	$32,598,000	–	149,120	–	1.42%	–
QRVO	New	QORVO INC	$32,194,000	–	401,067	–	1.40%	–
PTC	New	PTC INC	$29,498,000	–	719,105	–	1.29%	–
MOGA	New	MOOG INC CLASS A	$28,491,000	–	403,100	–	1.24%	–
STRZA	New	STARZ CLASS A	$28,057,000	–	627,400	–	1.22%	–
JBLU	New	JETBLUE AIRWAYS CORP	$27,097,000	–	1,305,240	–	1.18%	–
URI	New	UNITED RENTALS	$26,566,000	–	303,197	–	1.16%	–
WBS	New	WEBSTER FINANCIAL CORP	$26,311,000	–	665,255	–	1.15%	–
EAT	New	BRINKER INTERNATIONAL INC	$25,859,000	–	448,555	–	1.13%	–
SLGN	New	SILGAN HOLDINGS INC	$24,983,000	–	473,525	–	1.09%	–
NTCT	New	NETSCOUT SYSTEMS INC	$24,559,000	–	669,720	–	1.07%	–
RHP	New	RYMAN HOSPITALITY PROPERTIES	$24,406,000	–	459,540	–	1.06%	–
SLG	New	SL GREEN REALTY CORP	$23,931,000	–	217,775	–	1.04%	–
UBSI	New	UNITED BANKSHARES	$22,276,000	–	553,725	–	0.97%	–
WTFC	New	WINTRUST FINANCIAL CORP	$21,994,000	–	412,025	–	0.96%	–
HIW	New	HIGHWOODS PROPERTIES INC	$21,282,000	–	532,714	–	0.93%	–
ANN	New	ANN INC	$21,204,000	–	439,098	–	0.93%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$20,931,000	–	1,596,580	–	0.91%	–
BLMN	New	BLOOMIN' BRANDS INC	$20,886,000	–	978,290	–	0.91%	–
ON	New	ON SEMICONDUCTOR CORPORATION	$20,558,000	–	1,758,555	–	0.90%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES IN	$20,553,000	–	545,310	–	0.90%	–
GNRC	New	GENERAC HOLDINGS INC	$20,338,000	–	511,640	–	0.89%	–
UPS	New	UNITED PARCEL SERVICE INC	$20,272,000	–	209,179	–	0.88%	–
CR	New	CRANE CO	$20,149,000	–	343,075	–	0.88%	–
THO	New	THOR INDUSTRIES INC	$19,853,000	–	352,750	–	0.87%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWARE	$19,812,000	–	718,600	–	0.86%	–
IBKC	New	IBERIABANK CORP	$19,640,000	–	287,855	–	0.86%	–
MBFI	New	MB FINANCIAL INC	$19,644,000	–	570,375	–	0.86%	–
GBCI	New	GLACIER BANCORP INC	$19,589,000	–	665,850	–	0.86%	–
CBU	New	COMMUNITY BANK SYSTEMS INC	$19,136,000	–	506,635	–	0.84%	–
SWX	New	SOUTHWEST GAS CORP	$19,118,000	–	359,285	–	0.83%	–
AXE	New	ANIXTER INTERNATIONAL	$19,006,000	–	291,725	–	0.83%	–
UMPQ	New	UMPQUA HOLDINGS CORP	$18,790,000	–	1,044,446	–	0.82%	–
HME	New	HOME PROPERTIES INC	$18,732,000	–	256,425	–	0.82%	–
POR	New	PORTLAND GENERAL ELECTRIC CO	$18,206,000	–	549,025	–	0.80%	–
CACI	New	CACI INTERNATIONAL INC - CL A	$18,216,000	–	225,200	–	0.80%	–
FMBI	New	FIRST MIDWEST BANCORP INC	$18,003,000	–	949,025	–	0.79%	–
CAB	New	CABELA'S INC	$17,713,000	–	354,392	–	0.77%	–
CTB	New	COOPER TIRE & RUBBER	$17,323,000	–	512,050	–	0.76%	–
ABBV	New	ABBVIE INC	$16,876,000	–	251,171	–	0.74%	–
DFODQ	New	DEAN FOODS CO	$16,861,000	–	1,042,710	–	0.74%	–
SIGI	New	SELECTIVE INSURANCE GROUP INC	$16,817,000	–	599,525	–	0.73%	–
TRN	New	TRINITY INDUSTRIES	$16,327,000	–	617,730	–	0.71%	–
AVA	New	AVISTA CORP	$16,339,000	–	533,086	–	0.71%	–
MTZ	New	MASTEC INCORPORATED	$16,112,000	–	810,850	–	0.70%	–
OSK	New	OSHKOSH CORP	$15,742,000	–	371,450	–	0.69%	–
EE	New	EL PASO ELECTRIC CO	$15,621,000	–	450,681	–	0.68%	–
WOR	New	WORTHINGTON INDUSTRIES INC	$15,083,000	–	501,765	–	0.66%	–
COG	New	CABOT OIL & GAS CORP	$15,001,000	–	475,605	–	0.66%	–
NWBI	New	NORTHWEST BANCSHARES INC	$14,261,000	–	1,112,426	–	0.62%	–
CATM	New	CARDTRONICS INC	$14,143,000	–	381,735	–	0.62%	–
CRZO	New	CARRIZO OIL & GAS INC	$13,695,000	–	278,130	–	0.60%	–
GE	New	GENERAL ELECTRIC	$12,876,000	–	484,594	–	0.56%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$12,826,000	–	93,739	–	0.56%	–
SPG	New	SIMON PROPERTY GROUP INC	$12,522,000	–	72,371	–	0.55%	–
UTX	New	UNITED TECHNOLOGIES CORP	$12,259,000	–	110,514	–	0.54%	–
SLH	New	SOLERA HOLDINGS INC	$12,086,000	–	271,225	–	0.53%	–
ETN	New	EATON CORP PLC	$12,063,000	–	178,734	–	0.53%	–
BMY	New	BRISTOL-MYERS SQUIBB	$11,702,000	–	175,868	–	0.51%	–
KMB	New	KIMBERLY-CLARK CORP	$11,573,000	–	109,213	–	0.50%	–
JNJ	New	JOHNSON & JOHNSON	$11,480,000	–	117,791	–	0.50%	–
MSFT	New	MICROSOFT CORP	$11,318,000	–	256,347	–	0.49%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$11,313,000	–	137,725	–	0.49%	–
CHD	New	CHURCH & DWIGHT INC	$10,892,000	–	134,250	–	0.48%	–
CVS	New	CVS HEALTH CORPORATION	$10,828,000	–	103,244	–	0.47%	–
NVO	New	NOVO-NORDISK ADR	$10,569,000	–	193,000	–	0.46%	–
MMM	New	3M COMPANY	$10,386,000	–	67,308	–	0.45%	–
ACN	New	ACCENTURE PLC - CL A	$10,322,000	–	106,652	–	0.45%	–
XOM	New	EXXON MOBIL CORPORATION	$10,178,000	–	122,327	–	0.44%	–
HON	New	HONEYWELL INTL INC	$10,101,000	–	99,056	–	0.44%	–
PPG	New	PPG INDUSTRIES INC	$10,001,000	–	87,180	–	0.44%	–
JPM	New	JPMORGAN CHASE & CO.	$9,322,000	–	137,579	–	0.41%	–
PSX	New	PHILLIPS 66	$9,272,000	–	115,099	–	0.40%	–
WM	New	WASTE MANAGEMENT INC	$9,264,000	–	199,876	–	0.40%	–
DOW	New	DOW CHEMICAL CO	$9,251,000	–	180,799	–	0.40%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$8,762,000	–	91,605	–	0.38%	–
LLY	New	ELI LILLY CO	$8,693,000	–	104,124	–	0.38%	–
VZ	New	VERIZON COMMUNICATIONS	$8,659,000	–	185,781	–	0.38%	–
RPM	New	RPM INC	$8,630,000	–	176,233	–	0.38%	–
ABT	New	ABBOTT LABORATORIES	$8,396,000	–	171,060	–	0.37%	–
VFC	New	V F CORP	$8,273,000	–	118,633	–	0.36%	–
AMP	New	AMERIPRISE FINANCIAL INC	$7,962,000	–	63,734	–	0.35%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$7,518,000	–	72,215	–	0.33%	–
MCD	New	McDONALDS CORP	$7,481,000	–	78,691	–	0.33%	–
AMGN	New	AMGEN INC	$7,403,000	–	48,219	–	0.32%	–
COP	New	CONOCOPHILLIPS	$7,322,000	–	119,233	–	0.32%	–
PEP	New	PEPSICO INC	$6,925,000	–	74,194	–	0.30%	–
QCOM	New	QUALCOMM INC	$6,854,000	–	109,437	–	0.30%	–
EMR	New	EMERSON ELECTRIC	$6,524,000	–	117,698	–	0.28%	–
ORCL	New	ORACLE CORPORATION	$6,513,000	–	161,613	–	0.28%	–
AWK	New	AMERICAN WATER WORKS CO INC	$6,488,000	–	133,410	–	0.28%	–
MYL	New	MYLAN NV	$6,472,000	–	95,374	–	0.28%	–
CVX	New	CHEVRON CORP	$6,437,000	–	66,729	–	0.28%	–
TRV	New	THE TRAVELERS COMPANIES INC	$6,234,000	–	64,491	–	0.27%	–
BDX	New	BECTON DICKINSON & CO	$6,170,000	–	43,557	–	0.27%	–
MET	New	METLIFE INC	$6,139,000	–	109,649	–	0.27%	–
TLMR	New	TALMER BANCORP INC CLASS A	$6,077,000	–	362,800	–	0.26%	–
MGA	New	MAGNA INTERNATIONAL INC	$6,066,000	–	108,145	–	0.26%	–
M	New	MACY'S INC	$5,820,000	–	86,261	–	0.25%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$5,787,000	–	90,025	–	0.25%	–
MHK	New	MOHAWK INDUSTRIES INC	$5,750,000	–	30,120	–	0.25%	–
IBM	New	INT'L BUSINESS MACHINES CORP	$5,761,000	–	35,420	–	0.25%	–
WHR	New	WHIRLPOOL CORP	$5,720,000	–	33,055	–	0.25%	–
DLR	New	DIGITAL REALTY TRUST INC	$5,595,000	–	83,911	–	0.24%	–
WPC	New	W P CAREY INC	$5,451,000	–	92,478	–	0.24%	–
AAPL	New	APPLE INC	$5,426,000	–	43,262	–	0.24%	–
MRK	New	MERCK & CO INC/NJ	$5,400,000	–	94,852	–	0.24%	–
WDFC	New	WD-40 CO	$5,304,000	–	60,850	–	0.23%	–
NSC	New	NORFOLK SOUTHERN CORP	$5,299,000	–	60,661	–	0.23%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$5,217,000	–	58,662	–	0.23%	–
EPP	New	ISHARES MSCI PACIFIC EX JAPAN	$5,173,000	–	119,198	–	0.23%	–
THG	New	HANOVER INSURANCE GROUP INC/TH	$4,978,000	–	67,249	–	0.22%	–
PG	New	PROCTER & GAMBLE	$4,930,000	–	63,016	–	0.22%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,921,000	–	37,925	–	0.22%	–
SWK	New	STANLEY BLACK DECKER INC	$4,904,000	–	46,594	–	0.21%	–
WY	New	WEYERHAEUSER CO	$4,884,000	–	155,040	–	0.21%	–
LYB	New	LYONDELL BASELL INDUSTRIES - C	$4,851,000	–	46,860	–	0.21%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$4,827,000	–	157,277	–	0.21%	–
CCI	New	CROWN CASTLE INTERNATIONAL COR	$4,818,000	–	60,000	–	0.21%	–
UNP	New	UNION PACIFIC CORP	$4,793,000	–	50,255	–	0.21%	–
DE	New	DEERE & CO	$4,718,000	–	48,610	–	0.21%	–
MAC	New	MACERICH CO	$4,710,000	–	63,132	–	0.21%	–
NXPI	New	NXP SEMICONDUCTORS NV ADR	$4,717,000	–	48,030	–	0.21%	–
KEY	New	KEY CORP	$4,674,000	–	311,200	–	0.20%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$4,561,000	–	41,760	–	0.20%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$4,418,000	–	56,813	–	0.19%	–
WPG	New	WP GLIMCHER INC	$4,407,000	–	325,732	–	0.19%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$4,363,000	–	109,250	–	0.19%	–
PNR	New	PENTAIR PLC	$4,312,000	–	62,721	–	0.19%	–
CAT	New	CATERPILLAR INC	$4,290,000	–	50,576	–	0.19%	–
NEE	New	NEXTERA ENERGY INC	$4,268,000	–	43,538	–	0.19%	–
CSX	New	CSX CORP	$4,256,000	–	130,357	–	0.19%	–
DEO	New	DIAGEO PLC ADR	$4,229,000	–	36,445	–	0.18%	–
T	New	A T & T INC	$4,210,000	–	118,512	–	0.18%	–
PNY	New	PIEDMONT NATURAL GAS	$4,194,000	–	118,786	–	0.18%	–
FDX	New	FEDEX CORPORATION	$4,075,000	–	23,915	–	0.18%	–
PFE	New	PFIZER INC	$4,021,000	–	119,924	–	0.18%	–
COF	New	CAPITAL ONE FINANCIAL CORP VA	$4,017,000	–	45,664	–	0.18%	–
HBAN	New	HUNTINGTON BANCSHARES	$3,836,000	–	339,150	–	0.17%	–
CDW	New	CDW CORP OF DELAWARE	$3,831,000	–	111,765	–	0.17%	–
KIM	New	KIMCO REALTY CORP	$3,772,000	–	167,355	–	0.16%	–
AGN	New	ALLERGAN PLC	$3,758,000	–	12,385	–	0.16%	–
CCL	New	CARNIVAL CORP	$3,767,000	–	76,265	–	0.16%	–
SLB	New	SCHLUMBERGER LTD	$3,717,000	–	43,124	–	0.16%	–
UGI	New	UGI CORP	$3,708,000	–	107,625	–	0.16%	–
UDR	New	UDR INC	$3,711,000	–	115,864	–	0.16%	–
HAL	New	HALLIBURTON CO	$3,701,000	–	85,925	–	0.16%	–
PRU	New	PRUDENTIAL FINANCIAL	$3,688,000	–	42,141	–	0.16%	–
DHI	New	D.R. HORTON INC	$3,695,000	–	135,055	–	0.16%	–
TD	New	TORONTO-DOMINION BANK	$3,662,000	–	86,156	–	0.16%	–
HCN	New	HEALTH CARE REIT INC	$3,606,000	–	54,950	–	0.16%	–
DD	New	DU PONT EI DE NEMOURS	$3,542,000	–	55,391	–	0.16%	–
TYC	New	TYCO INTERNATIONAL PLC	$3,535,000	–	91,866	–	0.15%	–
INTC	New	INTEL CORP	$3,517,000	–	115,619	–	0.15%	–
HDS	New	HD SUPPLY HOLDINGS INC	$3,534,000	–	100,445	–	0.15%	–
MS	New	MORGAN STANLEY	$3,471,000	–	89,485	–	0.15%	–
MO	New	ALTRIA GROUP INC	$3,490,000	–	71,359	–	0.15%	–
GPC	New	GENUINE PARTS CO	$3,488,000	–	38,960	–	0.15%	–
USB	New	U.S. BANCORP	$3,468,000	–	79,905	–	0.15%	–
GILD	New	GILEAD SCIENCES INC	$3,429,000	–	29,290	–	0.15%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUITIE	$3,345,000	–	38,250	–	0.15%	–
CPB	New	CAMPBELL SOUP	$3,350,000	–	70,300	–	0.15%	–
TMK	New	TORCHMARK CORP	$3,222,000	–	55,337	–	0.14%	–
TTE	New	TOTAL SA SPON ADR	$3,233,000	–	65,750	–	0.14%	–
DDR	New	DDR CORP	$3,198,000	–	206,864	–	0.14%	–
RLJ	New	RLJ LODGING TRUST	$3,192,000	–	107,200	–	0.14%	–
FISV	New	FISERV INC	$3,139,000	–	37,898	–	0.14%	–
TEL	New	TE CONNECTIVITY LTD	$3,133,000	–	48,720	–	0.14%	–
F	New	FORD MOTOR COMPANY	$3,109,000	–	207,100	–	0.14%	–
EGP	New	EASTGROUP PROPERTIES SBI	$3,093,000	–	55,000	–	0.14%	–
D	New	DOMINION RESOURCES INC VA	$3,028,000	–	45,282	–	0.13%	–
GGP	New	GENERAL GROWTH PROPERTIES	$2,951,000	–	115,000	–	0.13%	–
RTN	New	RAYTHEON	$2,927,000	–	30,594	–	0.13%	–
ESS	New	ESSEX PROPERTY TRUST INC	$2,927,000	–	13,775	–	0.13%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS	$2,884,000	–	70,553	–	0.13%	–
HRS	New	HARRIS CORP	$2,875,000	–	37,375	–	0.12%	–
VNO	New	VORNADO REALTY TRUST	$2,848,000	–	30,000	–	0.12%	–
DIS	New	WALT DISNEY COMPANY	$2,815,000	–	24,664	–	0.12%	–
EQR	New	EQUITY RESIDENTIAL	$2,821,000	–	40,200	–	0.12%	–
ARG	New	AIRGAS INC	$2,803,000	–	26,500	–	0.12%	–
PH	New	PARKER-HANNIFIN	$2,696,000	–	23,175	–	0.12%	–
AKR	New	ACADIA REALTY TRUST	$2,675,000	–	91,900	–	0.12%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$2,658,000	–	36,500	–	0.12%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$2,552,000	–	19,200	–	0.11%	–
MKC	New	McCORMICK & CO INC NON VTG	$2,550,000	–	31,500	–	0.11%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$2,507,000	–	31,273	–	0.11%	–
JCI	New	JOHNSON CONTROLS	$2,410,000	–	48,650	–	0.10%	–
SSS	New	SOVRAN SELF STORAGE INC	$2,347,000	–	27,000	–	0.10%	–
EEM	New	ISHARES MSCI EMERGING MKTS FD	$2,333,000	–	58,875	–	0.10%	–
DUK	New	DUKE ENERGY CO	$2,308,000	–	32,683	–	0.10%	–
FRT	New	FEDERAL REALTY INV. TRUST	$2,242,000	–	17,500	–	0.10%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$2,242,000	–	96,950	–	0.10%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$2,230,000	–	63,700	–	0.10%	–
ITW	New	ILLINOIS TOOL WORKS	$2,166,000	–	23,600	–	0.10%	–
HD	New	HOME DEPOT INC	$2,141,000	–	19,265	–	0.09%	–
ICLR	New	ICON PLC	$2,100,000	–	31,200	–	0.09%	–
TGT	New	TARGET CORP	$2,097,000	–	25,690	–	0.09%	–
LPT	New	LIBERTY PROPERTY TRUST	$2,106,000	–	65,360	–	0.09%	–
NJR	New	NEW JERSEY RESOURCES	$2,108,000	–	76,500	–	0.09%	–
MAR	New	MARRIOTT INTERNATIONAL INC CL	$2,083,000	–	28,000	–	0.09%	–
CUBE	New	CUBE SMART	$2,084,000	–	90,000	–	0.09%	–
OHI	New	OMEGA HEALTHCARE INVESTORS	$2,094,000	–	61,000	–	0.09%	–
VTR	New	VENTAS INC	$2,051,000	–	33,033	–	0.09%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$1,981,000	–	65,000	–	0.09%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,917,000	–	79,200	–	0.08%	–
SKT	New	TANGER FACTORY OUTLET CENTERS	$1,839,000	–	58,000	–	0.08%	–
AVY	New	AVERY DENNISON CORP	$1,743,000	–	28,600	–	0.08%	–
ENR	New	ENERGIZER HOLDINGS INC	$1,736,000	–	13,200	–	0.08%	–
EWBC	New	EAST WEST BANCORP INC	$1,743,000	–	38,900	–	0.08%	–
BAX	New	BAXTER INT'L	$1,701,000	–	24,321	–	0.07%	–
HTA	New	HEALTHCARE TRUST OF AMERICA	$1,665,000	–	69,500	–	0.07%	–
AFG	New	AMERICAN FINANCIAL GROUP INC	$1,587,000	–	24,400	–	0.07%	–
HPP	New	HUDSON PACIFIC PROPERTIES INC	$1,560,000	–	55,000	–	0.07%	–
FR	New	FIRST INDUSTRIAL REALTY TRUST	$1,498,000	–	80,000	–	0.06%	–
HOT	New	STARWOOD HOTELS RESORTS WORLDW	$1,460,000	–	18,000	–	0.06%	–
HT	New	HERSHA HOSPITALITY TRUST	$1,442,000	–	56,250	–	0.06%	–
PKI	New	PERKINELMER INC	$1,395,000	–	26,500	–	0.06%	–
ALL	New	ALLSTATE CORPORATION	$1,370,000	–	21,125	–	0.06%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,331,000	–	32,354	–	0.06%	–
WFC	New	WELLS FARGO & CO	$1,314,000	–	23,372	–	0.06%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$1,308,000	–	11,540	–	0.06%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$1,301,000	–	100,000	–	0.06%	–
WLK	New	WESTLAKE CHEMICAL CORP	$1,289,000	–	18,800	–	0.06%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$1,259,000	–	15,996	–	0.06%	–
BKH	New	BLACK HILLS CORP	$1,264,000	–	28,950	–	0.06%	–
FRC	New	FIRST REPUBLIC BANK/CA	$1,248,000	–	19,800	–	0.05%	–
AFL	New	AFLAC INC	$1,218,000	–	19,575	–	0.05%	–
CCG	New	CAMPUS CREST COMMUNITIES INC	$1,191,000	–	215,000	–	0.05%	–
KO	New	COCA-COLA	$1,157,000	–	29,502	–	0.05%	–
SJM	New	J.M. SMUCKER COM	$1,164,000	–	10,739	–	0.05%	–
ARW	New	ARROW ELECTRONICS INC	$1,138,000	–	20,400	–	0.05%	–
EFA	New	ISHARES MSCI EAFE ETF	$1,077,000	–	16,964	–	0.05%	–
AXP	New	AMERICAN EXPRESS	$1,084,000	–	13,950	–	0.05%	–
WGL	New	WGL HOLDINGS	$1,075,000	–	19,800	–	0.05%	–
CSCO	New	CISCO SYSTEMS INC	$1,049,000	–	38,206	–	0.05%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,010,000	–	11,859	–	0.04%	–
WCC	New	WESCO INTERNATIONAL INC	$982,000	–	14,300	–	0.04%	–
HCP	New	HCP INC	$934,000	–	25,600	–	0.04%	–
PAYX	New	PAYCHEX INC	$948,000	–	20,224	–	0.04%	–
HRL	New	HORMEL FOODS CORP	$924,000	–	16,400	–	0.04%	–
PFF	New	ISHARES US PREFERRED STOCK E	$862,000	–	22,000	–	0.04%	–
PPL	New	PPL CORP	$855,000	–	29,025	–	0.04%	–
TSRE	New	TRADE STREET RESIDENTIAL INC	$828,000	–	124,354	–	0.04%	–
GBX	New	GREENBRIER COMPANIES INC	$815,000	–	17,400	–	0.04%	–
MPC	New	MARATHON PETROLEUM CORP	$825,000	–	15,780	–	0.04%	–
SPNV	New	SUPERIOR ENERGY SERVICES	$795,000	–	37,800	–	0.04%	–
MDP	New	MEREDITH CORP	$806,000	–	15,450	–	0.04%	–
FDO	New	FAMILY DOLLAR STORES	$791,000	–	10,040	–	0.04%	–
PHM	New	PULTEGROUP INC	$806,000	–	40,000	–	0.04%	–
LUMN	New	CENTURYLINK INC	$813,000	–	27,674	–	0.04%	–
SYY	New	SYSCO CORP	$797,000	–	22,064	–	0.04%	–
PX	New	PRAXAIR INC	$787,000	–	6,585	–	0.03%	–
RGCO	New	RGC RESOURCES	$702,000	–	35,116	–	0.03%	–
APU	New	AMERIGAS PARTNERS LP	$677,000	–	14,800	–	0.03%	–
DRI	New	DARDEN RESTAURANTS INC	$647,000	–	9,100	–	0.03%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$641,000	–	11,235	–	0.03%	–
VTI	New	VANGUARD TOTAL STOCK MKT INDEX	$610,000	–	5,700	–	0.03%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$605,000	–	14,530	–	0.03%	–
CAG	New	CONAGRA FOODS INC	$592,000	–	13,546	–	0.03%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$571,000	–	19,825	–	0.02%	–
DGX	New	QUEST DIAGNOSTICS	$580,000	–	7,998	–	0.02%	–
GIS	New	GENERAL MILLS INC	$583,000	–	10,460	–	0.02%	–
BPL	New	BUCKEYE PARTNERS L P UNIT LTD	$543,000	–	7,350	–	0.02%	–
CELG	New	CELGENE CORP COM	$556,000	–	4,800	–	0.02%	–
KMI	New	KINDER MORGAN INC	$534,000	–	13,920	–	0.02%	–
MRO	New	MARATHON OIL CORP	$479,000	–	18,030	–	0.02%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE	$471,000	–	12,750	–	0.02%	–
AGU	New	AGRIUM INC	$477,000	–	4,500	–	0.02%	–
NVS	New	NOVARTIS AG	$464,000	–	4,718	–	0.02%	–
DVN	New	DEVON ENERGY CORP	$447,000	–	7,522	–	0.02%	–
BA	New	BOEING CO	$461,000	–	3,325	–	0.02%	–
LMT	New	LOCKHEED MARTIN CORP	$437,000	–	2,350	–	0.02%	–
FCX	New	FREEPORT-MCMORAN INC	$436,000	–	23,400	–	0.02%	–
HP	New	HELMERICH & PAYNE INC	$437,000	–	6,200	–	0.02%	–
FXI	New	ISHARES CHINA LARGE CAP ETF	$424,000	–	9,200	–	0.02%	–
APC	New	ANADARKO PETROLEUM CORP	$437,000	–	5,600	–	0.02%	–
LOW	New	LOWES COMPANIES INC	$406,000	–	6,059	–	0.02%	–
DGICA	New	DONEGAL GROUP INC CL A	$415,000	–	27,238	–	0.02%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$417,000	–	7,984	–	0.02%	–
CL	New	COLGATE PALMOLIVE CO	$408,000	–	6,242	–	0.02%	–
HIG	New	HARTFORD FINANCIAL SERVICES GR	$407,000	–	9,801	–	0.02%	–
PEG	New	PUBLIC SERVICE ENTERPRISE INC	$416,000	–	10,600	–	0.02%	–
VXUS	New	VANGUARD TOTAL INTL STOCK ETF	$393,000	–	7,800	–	0.02%	–
LH	New	LABORATORY CORPORATION OF AMER	$370,000	–	3,056	–	0.02%	–
BHB	New	BAR HARBOR BANKSHARES	$372,000	–	10,500	–	0.02%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FD	$334,000	–	26,045	–	0.02%	–
DNP	New	DNP SELECT INCOME FUND INC	$333,000	–	32,900	–	0.02%	–
KSS	New	KOHLS CORP WISC PV	$332,000	–	5,300	–	0.01%	–
CECE	New	CECO ENVIRONMENTAL CORP	$332,000	–	29,317	–	0.01%	–
CEF	New	CENTRAL FUND OF CANADA	$321,000	–	27,500	–	0.01%	–
HRB	New	H&R BLOCK INC	$308,000	–	10,400	–	0.01%	–
VOO	New	VANGUARD S&P 500 ETF	$274,000	–	1,453	–	0.01%	–
HSY	New	HERSHEY FOODS	$266,000	–	3,000	–	0.01%	–
BAC	New	BANK OF AMERICA CORP	$285,000	–	16,724	–	0.01%	–
GOOGL	New	GOOGLE INC CL A	$277,000	–	513	–	0.01%	–
HES	New	HESS CORP	$264,000	–	3,950	–	0.01%	–
NOV	New	NATIONAL OILWELL VARCO INC	$276,000	–	5,725	–	0.01%	–
CI	New	CIGNA CORPORATION	$259,000	–	1,600	–	0.01%	–
GLW	New	CORNING INC	$248,000	–	12,550	–	0.01%	–
AON	New	AON PLC	$251,000	–	2,519	–	0.01%	–
OMC	New	OMNICOM GROUP INC	$243,000	–	3,500	–	0.01%	–
AEP	New	AMERICAN ELECTRIC POWER CO	$228,000	–	4,300	–	0.01%	–
WASH	New	WASHINGTON TRUST BANCORP INC	$228,000	–	5,780	–	0.01%	–
NGLS	New	TARGA RESOURCES PARTNERS LP	$220,000	–	5,700	–	0.01%	–
IEFA	New	ISHARES CORE MSCI EAFE ETF	$233,000	–	4,000	–	0.01%	–
SO	New	SOUTHERN CO	$222,000	–	5,300	–	0.01%	–
TFX	New	TELEFLEX INC	$230,000	–	1,700	–	0.01%	–
NEM	New	NEWMONT MINING CORP	$218,000	–	9,350	–	0.01%	–
GOOG	New	GOOGLE INC CL C	$226,000	–	435	–	0.01%	–
MHFI	New	MCGRAW-HILL FINANCIAL INC	$211,000	–	2,100	–	0.01%	–
VLO	New	VALERO ENERGY CORP	$203,000	–	3,250	–	0.01%	–
KED	New	KAYNE ANDERSON ENERGY DEVELOPM	$203,000	–	8,500	–	0.01%	–
IR	New	INGERSOLL-RAND PLC	$210,000	–	3,116	–	0.01%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LL	$205,000	–	2,800	–	0.01%	–
WMT	New	WAL-MART STORES	$211,000	–	2,975	–	0.01%	–
BDN	New	BRANDYWINE REALTY TRUST SBI	$162,000	–	12,200	–	0.01%	–
MUFG	New	MITSUBISHI UFJ FINANCIAL GROUP	$72,000	–	10,000	–	0.00%	–
CRV	New	COAST DISTRIBUTION SERVICES	$47,000	–	13,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
CRV	Exit	COAST DISTRIBUTION SERVICES	$0	–	-13,000	–	-0.00%	–
MUFG	Exit	MITSUBISHI UFJ FINANCIAL GROUP	$0	–	-10,000	–	-0.00%	–
GWW	Exit	GRAINGER W W INC	$0	–	-800	–	-0.01%	–
COH	Exit	COACH INC	$0	–	-5,725	–	-0.01%	–
HIG	Exit	HARTFORD FINANCIAL SERVICES GR	$0	–	-5,401	–	-0.01%	–
WPG	Exit	WASHINGTON PRIME GROUP INC	$0	–	-11,065	–	-0.01%	–
BHP	Exit	BHP BILLITON LTD	$0	–	-3,800	–	-0.01%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-3,480	–	-0.01%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-9,600	–	-0.01%	–
WASH	Exit	WASHINGTON TRUST BANCORP INC	$0	–	-6,480	–	-0.01%	–
TAL	Exit	TAL INTERNATIONAL GROUP INC	$0	–	-5,175	–	-0.01%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-385	–	-0.01%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-7,614	–	-0.01%	–
NTAP	Exit	NETAPP INC	$0	–	-5,650	–	-0.01%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX FD	$0	–	-20,300	–	-0.01%	–
BWP	Exit	BOARDWALK PIPELINE PARTNERS	$0	–	-13,350	–	-0.01%	–
LO	Exit	LORILLARD INC	$0	–	-4,275	–	-0.01%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-465	–	-0.01%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-5,650	–	-0.01%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,750	–	-0.01%	–
HSY	Exit	HERSHEY FOODS	$0	–	-2,700	–	-0.01%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-8,500	–	-0.01%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-7,800	–	-0.01%	–
FXI	Exit	ISHARES CHINA LARGE CAP ETF	$0	–	-7,700	–	-0.01%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-4,375	–	-0.01%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO	$0	–	-5,700	–	-0.01%	–
KED	Exit	KAYNE ANDERSON ENERGY DEVELOPM	$0	–	-8,500	–	-0.01%	–
DOV	Exit	DOVER CORP	$0	–	-3,775	–	-0.01%	–
GLW	Exit	CORNING INC	$0	–	-16,800	–	-0.02%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-5,950	–	-0.02%	–
CEF	Exit	CENTRAL FUND OF CANADA	$0	–	-27,500	–	-0.02%	–
LH	Exit	LABORATORY CORPORATION OF AMER	$0	–	-3,200	–	-0.02%	–
WFTIQ	Exit	WEATHERFORD INTERNATIONAL PLC	$0	–	-17,000	–	-0.02%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-5,402	–	-0.02%	–
DNP	Exit	DNP SELECT INCOME FUND INC	$0	–	-35,900	–	-0.02%	–
K	Exit	KELLOGG CO	$0	–	-6,106	–	-0.02%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-7,600	–	-0.02%	–
CECE	Exit	CECO ENVIRONMENTAL CORP	$0	–	-29,317	–	-0.02%	–
AGN	Exit	ALLERGAN INC	$0	–	-2,250	–	-0.02%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-14,525	–	-0.02%	–
VXUS	Exit	VANGUARD TOTAL INTL STOCK ETF	$0	–	-7,800	–	-0.02%	–
BBBY	Exit	BED BATH AND BEYOND INC	$0	–	-6,500	–	-0.02%	–
CELG	Exit	CELGENE CORP COM	$0	–	-4,470	–	-0.02%	–
ADM	Exit	ARCHER DANIELS MIDLAND	$0	–	-8,600	–	-0.02%	–
CCG	Exit	CAMPUS CREST COMMUNITIES INC	$0	–	-70,000	–	-0.02%	–
4945SC	Exit	KINDER MORGAN ENERGY PRTNRS	$0	–	-4,900	–	-0.02%	–
DGX	Exit	QUEST DIAGNOSTICS	$0	–	-7,548	–	-0.02%	–
DGICA	Exit	DONEGAL GROUP INC CL A	$0	–	-30,083	–	-0.02%	–
MPC	Exit	MARATHON PETROLEUM CORP	$0	–	-5,750	–	-0.02%	–
AEGN	Exit	AEGION CORP	$0	–	-21,650	–	-0.02%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-32,500	–	-0.02%	–
HRB	Exit	H&R BLOCK INC	$0	–	-16,400	–	-0.02%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-8,950	–	-0.02%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTURE	$0	–	-10,450	–	-0.02%	–
VTI	Exit	VANGUARD TOTAL STOCK MKT VIPER	$0	–	-5,200	–	-0.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-4,125	–	-0.02%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-5,400	–	-0.02%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE INC	$0	–	-15,100	–	-0.02%	–
BPL	Exit	BUCKEYE PARTNERS L P UNIT LTD	$0	–	-7,350	–	-0.03%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-15,900	–	-0.03%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-14,105	–	-0.03%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-11,859	–	-0.03%	–
MDP	Exit	MEREDITH CORP	$0	–	-16,250	–	-0.03%	–
APA	Exit	APACHE CORP	$0	–	-7,225	–	-0.03%	–
RGCO	Exit	RGC RESOURCES	$0	–	-35,116	–	-0.03%	–
AGU	Exit	AGRIUM INC	$0	–	-7,875	–	-0.03%	–
NEBLQ	Exit	NOBLE CORP PLC	$0	–	-33,055	–	-0.03%	–
HES	Exit	HESS CORP	$0	–	-7,675	–	-0.03%	–
RYN	Exit	RAYONIER INC	$0	–	-25,000	–	-0.04%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-16,500	–	-0.04%	–
WGL	Exit	WGL HOLDINGS	$0	–	-19,800	–	-0.04%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-16,474	–	-0.04%	–
PAYX	Exit	PAYCHEX INC	$0	–	-19,350	–	-0.04%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC	$0	–	-11,435	–	-0.04%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-34,954	–	-0.04%	–
TSRE	Exit	TRADE STREET RESIDENTIAL INC	$0	–	-125,000	–	-0.04%	–
HCP	Exit	HCP INC	$0	–	-23,800	–	-0.04%	–
PX	Exit	PRAXAIR INC	$0	–	-7,450	–	-0.04%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-14,900	–	-0.04%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-10,000	–	-0.04%	–
SJM	Exit	J.M. SMUCKER COM	$0	–	-10,009	–	-0.04%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-13,525	–	-0.05%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-19,950	–	-0.05%	–
ARG	Exit	AIRGAS INC	$0	–	-9,500	–	-0.05%	–
AXP	Exit	AMERICAN EXPRESS	$0	–	-12,050	–	-0.05%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-31,975	–	-0.05%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-31,184	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-34,550	–	-0.05%	–
SHO	Exit	SUNSTONE HOTEL INVESTORS INC	$0	–	-81,414	–	-0.05%	–
MOS	Exit	THE MOSAIC CO	$0	–	-26,650	–	-0.05%	–
KSS	Exit	KOHLS CORP WISC PV	$0	–	-20,700	–	-0.06%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-7,150	–	-0.06%	–
KO	Exit	COCA-COLA	$0	–	-31,002	–	-0.06%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES INC	$0	–	-55,000	–	-0.06%	–
FR	Exit	FIRST INDUSTRIAL REALTY TRUST	$0	–	-80,000	–	-0.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-15,075	–	-0.06%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-29,050	–	-0.06%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-21,400	–	-0.06%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-35,257	–	-0.06%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-225,000	–	-0.06%	–
TGT	Exit	TARGET CORP	$0	–	-23,475	–	-0.07%	–
BAX	Exit	BAXTER INT'L	$0	–	-20,520	–	-0.07%	–
SKT	Exit	TANGER FACTORY OUTLET CENTERS	$0	–	-45,000	–	-0.07%	–
BDN	Exit	BRANDYWINE REALTY TRUST SBI	$0	–	-107,200	–	-0.07%	–
ARW	Exit	ARROW ELECTRONICS INC	$0	–	-27,800	–	-0.07%	–
WCC	Exit	WESCO INTERNATIONAL INC	$0	–	-20,200	–	-0.07%	–
MGA	Exit	MAGNA INTERNATIONAL INC	$0	–	-16,800	–	-0.07%	–
LHO	Exit	LASALLE HOTEL PROPERTIES	$0	–	-46,400	–	-0.07%	–
CUBE	Exit	CUBE SMART	$0	–	-90,000	–	-0.07%	–
R108	Exit	ENERGIZER HOLDINGS INC	$0	–	-13,200	–	-0.07%	–
AFL	Exit	AFLAC INC	$0	–	-28,650	–	-0.08%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS	$0	–	-50,000	–	-0.08%	–
SYY	Exit	SYSCO CORP	$0	–	-46,750	–	-0.08%	–
FRC	Exit	FIRST REPUBLIC BANK/CA	$0	–	-36,500	–	-0.08%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-41,400	–	-0.08%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-30,525	–	-0.08%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-65,000	–	-0.09%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-92,100	–	-0.09%	–
FDO	Exit	FAMILY DOLLAR STORES	$0	–	-24,600	–	-0.09%	–
VTR	Exit	VENTAS INC	$0	–	-30,933	–	-0.09%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-34,685	–	-0.09%	–
WLK	Exit	WESTLAKE CHEMICAL CORP	$0	–	-22,300	–	-0.09%	–
NJR	Exit	NEW JERSEY RESOURCES	$0	–	-38,250	–	-0.09%	–
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-27,000	–	-0.09%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-23,150	–	-0.09%	–
CCI	Exit	CROWN CASTLE INTERNATIONAL COR	$0	–	-25,000	–	-0.09%	–
PKI	Exit	PERKINELMER INC	$0	–	-46,200	–	-0.09%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-24,035	–	-0.09%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-61,300	–	-0.09%	–
FRT	Exit	FEDERAL REALTY INV. TRUST	$0	–	-17,500	–	-0.09%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-23,301	–	-0.09%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-61,300	–	-0.09%	–
MKC	Exit	McCORMICK & CO INC NON VTG	$0	–	-31,500	–	-0.10%	–
AFG	Exit	AMERICAN FINANCIAL GROUP INC	$0	–	-36,400	–	-0.10%	–
ICLR	Exit	ICON PLC	$0	–	-36,800	–	-0.10%	–
KEY	Exit	KEY CORP	$0	–	-159,400	–	-0.10%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS	$0	–	-84,300	–	-0.10%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-61,900	–	-0.10%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS	$0	–	-51,800	–	-0.10%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-16,200	–	-0.10%	–
PNR	Exit	PENTAIR PLC	$0	–	-33,453	–	-0.10%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-18,725	–	-0.10%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-34,250	–	-0.11%	–
EEM	Exit	ISHARES MSCI EMERGING MKTS FD	$0	–	-56,475	–	-0.11%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-13,500	–	-0.11%	–
FISV	Exit	FISERV INC	$0	–	-38,200	–	-0.11%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-40,200	–	-0.11%	–
AKR	Exit	ACADIA REALTY TRUST	$0	–	-91,200	–	-0.11%	–
ESV	Exit	ENSCO PLC - CL A	$0	–	-61,000	–	-0.11%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL IN	$0	–	-31,010	–	-0.12%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUITIE	$0	–	-36,250	–	-0.12%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES IN	$0	–	-73,350	–	-0.12%	–
GGP	Exit	GENERAL GROWTH PROPERTIES	$0	–	-115,000	–	-0.12%	–
AAL	Exit	AMERICAN AIRLINES GROUP INC	$0	–	-76,815	–	-0.12%	–
SM	Exit	SM ENERGY COMPANY	$0	–	-35,735	–	-0.13%	–
MAR	Exit	MARRIOTT INTERNATIONAL INC CL	$0	–	-40,000	–	-0.13%	–
HRS	Exit	HARRIS CORP	$0	–	-43,475	–	-0.13%	–
DHI	Exit	D.R. HORTON INC	$0	–	-140,475	–	-0.13%	–
DUK	Exit	DUKE ENERGY CO	$0	–	-39,308	–	-0.13%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-10,580	–	-0.13%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-136,225	–	-0.14%	–
CPB	Exit	CAMPBELL SOUP	$0	–	-70,300	–	-0.14%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-66,650	–	-0.14%	–
D	Exit	DOMINION RESOURCES INC VA	$0	–	-44,675	–	-0.14%	–
PH	Exit	PARKER-HANNIFIN	$0	–	-27,240	–	-0.14%	–
UDR	Exit	UDR INC	$0	–	-115,477	–	-0.14%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-51,850	–	-0.15%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-38,960	–	-0.15%	–
DDR	Exit	DDR CORP	$0	–	-206,864	–	-0.16%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-35,014	–	-0.16%	–
WLL	Exit	WHITING PETROLEUM CORP	$0	–	-46,925	–	-0.16%	–
TMK	Exit	TORCHMARK CORP	$0	–	-69,186	–	-0.16%	–
FCX	Exit	FREEPORT-MCMORAN INC	$0	–	-112,909	–	-0.17%	–
RTN	Exit	RAYTHEON	$0	–	-36,344	–	-0.17%	–
PFE	Exit	PFIZER INC	$0	–	-126,675	–	-0.17%	–
USB	Exit	U.S. BANCORP	$0	–	-89,655	–	-0.17%	–
DVN	Exit	DEVON ENERGY CORP	$0	–	-55,571	–	-0.17%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-134,400	–	-0.17%	–
HAL	Exit	HALLIBURTON CO	$0	–	-60,060	–	-0.18%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-87,166	–	-0.18%	–
TD	Exit	TORONTO-DOMINION BANK	$0	–	-79,561	–	-0.18%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP VA	$0	–	-48,075	–	-0.18%	–
INTC	Exit	INTEL CORP	$0	–	-113,245	–	-0.18%	–
EGP	Exit	EASTGROUP PROPERTIES SBI	$0	–	-65,100	–	-0.18%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-24,625	–	-0.18%	–
UGI	Exit	UGI CORP	$0	–	-116,800	–	-0.18%	–
DEO	Exit	DIAGEO PLC ADR	$0	–	-34,495	–	-0.18%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-56,799	–	-0.18%	–
PNY	Exit	PIEDMONT NATURAL GAS	$0	–	-120,386	–	-0.18%	–
WDFC	Exit	WD-40 CO	$0	–	-61,050	–	-0.19%	–
MRK	Exit	MERCK & CO INC/NJ	$0	–	-70,662	–	-0.19%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-44,905	–	-0.19%	–
LYB	Exit	LYONDELL BASELL INDUSTRIES - C	$0	–	-39,920	–	-0.20%	–
T	Exit	A T & T INC	$0	–	-123,103	–	-0.20%	–
MAC	Exit	MACERICH CO	$0	–	-68,132	–	-0.20%	–
DE	Exit	DEERE & CO	$0	–	-54,750	–	-0.20%	–
DD	Exit	DU PONT EI DE NEMOURS	$0	–	-63,133	–	-0.20%	–
AAPL	Exit	APPLE INC	$0	–	-45,620	–	-0.21%	–
WPC	Exit	W P CAREY INC	$0	–	-73,728	–	-0.21%	–
SWK	Exit	STANLEY BLACK DECKER INC	$0	–	-53,010	–	-0.21%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-71,465	–	-0.22%	–
EPP	Exit	ISHARES MSCI PACIFIC EX JAPAN	$0	–	-104,200	–	-0.22%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-33,875	–	-0.22%	–
CSX	Exit	CSX CORP	$0	–	-155,487	–	-0.22%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-50,035	–	-0.23%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-81,465	–	-0.23%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-61,344	–	-0.23%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-172,310	–	-0.25%	–
M	Exit	MACY'S INC	$0	–	-95,255	–	-0.25%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-49,140	–	-0.25%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-46,025	–	-0.25%	–
CAT	Exit	CATERPILLAR INC	$0	–	-58,211	–	-0.26%	–
MYL	Exit	MYLAN INC	$0	–	-126,585	–	-0.26%	–
TTE	Exit	TOTAL SA SPON ADR	$0	–	-91,363	–	-0.27%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-145,567	–	-0.27%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-159,989	–	-0.28%	–
MET	Exit	METLIFE INC	$0	–	-119,741	–	-0.29%	–
PEP	Exit	PEPSICO INC	$0	–	-69,967	–	-0.29%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-445,575	–	-0.30%	–
TRV	Exit	THE TRAVELERS COMPANIES INC	$0	–	-70,143	–	-0.30%	–
B108PS	Exit	ACTAVIS PLC	$0	–	-27,369	–	-0.30%	–
AWK	Exit	AMERICAN WATER WORKS CO INC	$0	–	-140,085	–	-0.30%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-70,345	–	-0.30%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-62,870	–	-0.31%	–
LLY	Exit	ELI LILLY CO	$0	–	-106,024	–	-0.31%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-172,570	–	-0.32%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-85,125	–	-0.33%	–
CVX	Exit	CHEVRON CORP	$0	–	-61,473	–	-0.33%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-120,098	–	-0.34%	–
QCOM	Exit	QUALCOMM INC	$0	–	-101,530	–	-0.34%	–
MCD	Exit	McDONALDS CORP	$0	–	-81,258	–	-0.35%	–
AMGN	Exit	AMGEN INC	$0	–	-55,966	–	-0.36%	–
PRU	Exit	PRUDENTIAL FINANCIAL	$0	–	-91,125	–	-0.36%	–
RPM	Exit	RPM INC	$0	–	-181,006	–	-0.37%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-105,970	–	-0.38%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-147,900	–	-0.39%	–
VFC	Exit	V F CORP	$0	–	-129,892	–	-0.39%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-143,665	–	-0.39%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-93,587	–	-0.39%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-170,298	–	-0.39%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-72,160	–	-0.40%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-170,366	–	-0.40%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-46,050	–	-0.41%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-134,250	–	-0.42%	–
ACN	Exit	ACCENTURE PLC - CL A	$0	–	-117,163	–	-0.43%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-85,405	–	-0.43%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-129,046	–	-0.45%	–
PSX	Exit	PHILLIPS 66	$0	–	-122,589	–	-0.45%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-212,022	–	-0.46%	–
NVO	Exit	NOVO-NORDISK ADR	$0	–	-214,300	–	-0.46%	–
MMM	Exit	3M COMPANY	$0	–	-73,128	–	-0.47%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-424,100	–	-0.49%	–
ABBV	Exit	ABBVIE INC	$0	–	-191,991	–	-0.50%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-118,815	–	-0.50%	–
FMBI	Exit	FIRST MIDWEST BANCORP INC	$0	–	-700,762	–	-0.51%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-109,406	–	-0.52%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-137,200	–	-0.52%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-117,939	–	-0.52%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-111,331	–	-0.54%	–
ETN	Exit	EATON CORP PLC	$0	–	-190,525	–	-0.54%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-271,392	–	-0.57%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-119,349	–	-0.57%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-78,631	–	-0.58%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-505,311	–	-0.58%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-263,420	–	-0.59%	–
CPE	Exit	CALLON PETROLEUM CO	$0	–	-1,500,000	–	-0.60%	–
SIGI	Exit	SELECTIVE INSURANCE GROUP INC	$0	–	-597,250	–	-0.60%	–
IBM	Exit	INT'L BUSINESS MACHINES CORP	$0	–	-70,017	–	-0.60%	–
NWBI	Exit	NORTHWEST BANCSHARES INC	$0	–	-1,108,221	–	-0.60%	–
DFODQ	Exit	DEAN FOODS CO	$0	–	-1,038,750	–	-0.62%	–
POR	Exit	PORTLAND GENERAL ELECTRIC CO	$0	–	-432,450	–	-0.63%	–
SPNV	Exit	SUPERIOR ENERGY SERVICES	$0	–	-423,378	–	-0.63%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-107,534	–	-0.63%	–
MBFI	Exit	MB FINANCIAL INC	$0	–	-508,850	–	-0.64%	–
HME	Exit	HOME PROPERTIES INC	$0	–	-253,450	–	-0.67%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-270,000	–	-0.69%	–
CBU	Exit	COMMUNITY BANK SYSTEMS INC	$0	–	-457,050	–	-0.69%	–
GBCI	Exit	GLACIER BANCORP INC	$0	–	-599,100	–	-0.70%	–
UBSI	Exit	UNITED BANKSHARES	$0	–	-500,450	–	-0.70%	–
UMPQ	Exit	UMPQUA HOLDINGS CORP	$0	–	-940,591	–	-0.70%	–
ON	Exit	ON SEMICONDUCTOR CORPORATION	$0	–	-1,751,550	–	-0.71%	–
EPAC	Exit	ACTUANT CORP - CL A	$0	–	-514,650	–	-0.71%	–
CACI	Exit	CACI INTERNATIONAL INC - CL A	$0	–	-224,300	–	-0.72%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-492,800	–	-0.73%	–
AVA	Exit	AVISTA CORP	$0	–	-530,986	–	-0.73%	–
IBKC	Exit	IBERIABANK CORP	$0	–	-260,950	–	-0.74%	–
EE	Exit	EL PASO ELECTRIC CO	$0	–	-448,931	–	-0.74%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-445,000	–	-0.74%	–
WTFC	Exit	WINTRUST FINANCIAL CORP	$0	–	-374,000	–	-0.75%	–
CATM	Exit	CARDTRONICS INC	$0	–	-479,975	–	-0.76%	–
WOR	Exit	WORTHINGTON INDUSTRIES INC	$0	–	-467,000	–	-0.78%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-605,900	–	-0.80%	–
SWX	Exit	SOUTHWEST GAS CORP	$0	–	-367,160	–	-0.80%	–
OSK	Exit	OSHKOSH CORP	$0	–	-409,700	–	-0.82%	–
KOG	Exit	KODIAK OIL & GAS CORP	$0	–	-1,377,550	–	-0.84%	–
RHP	Exit	RYMAN HOSPITALITY PROPERTIES	$0	–	-414,000	–	-0.88%	–
ANN	Exit	ANN INC	$0	–	-480,448	–	-0.89%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-1,669,250	–	-0.92%	–
CBI	Exit	CHICAGO BRIDGE AND IRON COMPAN	$0	–	-364,050	–	-0.95%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-551,064	–	-0.97%	–
CAB	Exit	CABELA'S INC	$0	–	-365,489	–	-0.97%	–
GNRC	Exit	GENERAC HOLDINGS INC	$0	–	-537,000	–	-0.98%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-217,000	–	-0.99%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-471,600	–	-1.00%	–
EAT	Exit	BRINKER INTERNATIONAL INC	$0	–	-446,700	–	-1.02%	–
CR	Exit	CRANE CO	$0	–	-376,500	–	-1.07%	–
RFMD	Exit	RF MICRO DEVICES	$0	–	-2,082,000	–	-1.08%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-447,350	–	-1.09%	–
GRT	Exit	GLIMCHER REALTY TRUST	$0	–	-1,785,000	–	-1.09%	–
AXE	Exit	ANIXTER INTERNATIONAL	$0	–	-290,500	–	-1.11%	–
BCEI	Exit	BONANZA CREEK ENERGY INC	$0	–	-454,150	–	-1.17%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-235,000	–	-1.19%	–
CASY	Exit	CASEYS GENERAL STORES INC	$0	–	-371,400	–	-1.20%	–
PTC	Exit	PTC INC	$0	–	-730,350	–	-1.22%	–
SIVB	Exit	SVB FINANCIAL GROUP	$0	–	-255,100	–	-1.29%	–
MOGA	Exit	MOOG INC	$0	–	-418,725	–	-1.29%	–
BDC	Exit	BELDEN INC	$0	–	-464,600	–	-1.34%	–
JAH	Exit	JARDEN CORPORATION	$0	–	-495,000	–	-1.34%	–
NTCT	Exit	NETSCOUT SYSTEMS INC	$0	–	-667,150	–	-1.38%	–
MTZ	Exit	MASTEC INCORPORATED	$0	–	-1,000,350	–	-1.38%	–
AMG	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-154,050	–	-1.39%	–
POL	Exit	POLYONE CORP	$0	–	-871,000	–	-1.40%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-700,100	–	-1.41%	–
ENS	Exit	ENERSYS	$0	–	-540,150	–	-1.43%	–
TRN	Exit	TRINITY INDUSTRIES	$0	–	-805,300	–	-1.70%	–
PRXL	Exit	PAREXEL INTERNATIONAL	$0	–	-622,850	–	-1.77%	–
URI	Exit	UNITED RENTALS	$0	–	-432,881	–	-2.17%	–

Q3 2014

			Value		Shares		↓ Weighting
URI	Sell	UNITED RENTALS	$48,093,000	-5.1%	432,881	-10.5%	2.17%	+3.1%
PRXL	Sell	PAREXEL INTERNATIONAL	$39,296,000	+18.9%	622,850	-0.4%	1.77%	+29.2%
TRN	Sell	TRINITY INDUSTRIES	$37,624,000	+6.6%	805,300	-0.2%	1.70%	+15.8%
ENS	Sell	ENERSYS	$31,674,000	-15.1%	540,150	-0.4%	1.43%	-7.7%
WST	Sell	WEST PHARMACEUTICAL SERVICES	$31,336,000	+5.7%	700,100	-0.4%	1.41%	+14.9%
POL	Sell	POLYONE CORP	$30,990,000	-15.9%	871,000	-0.5%	1.40%	-8.6%
AMG	Sell	AFFILIATED MANAGERS GROUP INC	$30,865,000	-5.2%	154,050	-2.8%	1.39%	+3.0%
MTZ	Sell	MASTEC INCORPORATED	$30,631,000	-1.1%	1,000,350	-0.4%	1.38%	+7.5%
NTCT	Sell	NETSCOUT SYSTEMS INC	$30,555,000	+2.9%	667,150	-0.4%	1.38%	+11.8%
JAH	Sell	JARDEN CORPORATION	$29,754,000	+0.8%	495,000	-0.5%	1.34%	+9.5%
BDC	Sell	BELDEN INC	$29,744,000	-18.5%	464,600	-0.4%	1.34%	-11.4%
MOGA	Sell	MOOG INC	$28,641,000	-7.3%	418,725	-1.2%	1.29%	+0.8%
SIVB	Sell	SVB FINANCIAL GROUP	$28,594,000	-4.3%	255,100	-0.4%	1.29%	+4.0%
PTC	Sell	PTC INC	$26,950,000	-5.3%	730,350	-0.4%	1.22%	+2.9%
CASY	Sell	CASEYS GENERAL STORES INC	$26,629,000	+1.6%	371,400	-0.4%	1.20%	+10.5%
SBNY	Sell	SIGNATURE BANK	$26,334,000	-11.6%	235,000	-0.4%	1.19%	-4.0%
BCEI	Sell	BONANZA CREEK ENERGY INC	$25,841,000	-1.1%	454,150	-0.6%	1.17%	+7.5%
AXE	Sell	ANIXTER INTERNATIONAL	$24,646,000	-15.6%	290,500	-0.4%	1.11%	-8.3%
GRT	Buy	GLIMCHER REALTY TRUST	$24,169,000	+61.1%	1,785,000	+28.9%	1.09%	+75.1%
CRZO	Sell	CARRIZO OIL & GAS INC	$24,076,000	-22.6%	447,350	-0.4%	1.09%	-15.9%
RFMD	Sell	RF MICRO DEVICES	$24,026,000	+19.8%	2,082,000	-0.4%	1.08%	+30.1%
CR	Sell	CRANE CO	$23,799,000	-15.3%	376,500	-0.4%	1.07%	-8.0%
EAT	Sell	BRINKER INTERNATIONAL INC	$22,688,000	+4.0%	446,700	-0.4%	1.02%	+13.0%
SLGN	Sell	SILGAN HOLDINGS INC	$22,165,000	-7.9%	471,600	-0.4%	1.00%	+0.1%
SLG	Sell	SL GREEN REALTY CORP	$21,986,000	-9.4%	217,000	-2.2%	0.99%	-1.6%
GNRC	Sell	GENERAC HOLDINGS INC	$21,770,000	-17.1%	537,000	-0.4%	0.98%	-10.0%
CAB	Buy	CABELA'S INC	$21,527,000	-5.4%	365,489	+0.2%	0.97%	+2.8%
HIW	Sell	HIGHWOODS PROPERTIES INC	$21,436,000	-7.6%	551,064	-0.3%	0.97%	+0.4%
CBI	Sell	CHICAGO BRIDGE AND IRON COMPAN	$21,060,000	-27.0%	364,050	-13.9%	0.95%	-20.6%
MPW	Sell	MEDICAL PROPERTIES TRUST INC	$20,465,000	-7.7%	1,669,250	-0.3%	0.92%	+0.3%
ANN	Sell	ANN INC	$19,761,000	-0.4%	480,448	-0.4%	0.89%	+8.3%
RHP	Buy	RYMAN HOSPITALITY PROPERTIES	$19,582,000	+6.5%	414,000	+8.4%	0.88%	+15.7%
KOG	Sell	KODIAK OIL & GAS CORP	$18,693,000	-7.1%	1,377,550	-0.3%	0.84%	+1.1%
OSK	Sell	OSHKOSH CORP	$18,088,000	-20.8%	409,700	-0.4%	0.82%	-14.0%
SWX	Sell	SOUTHWEST GAS CORP	$17,837,000	-8.3%	367,160	-0.3%	0.80%	-0.4%
WBS	Buy	WEBSTER FINANCIAL CORP	$17,656,000	+14.7%	605,900	+24.2%	0.80%	+24.7%
WOR	Buy	WORTHINGTON INDUSTRIES INC	$17,382,000	+40.4%	467,000	+62.3%	0.78%	+52.5%
CATM	Sell	CARDTRONICS INC	$16,895,000	+2.8%	479,975	-0.4%	0.76%	+11.7%
WTFC	Sell	WINTRUST FINANCIAL CORP	$16,707,000	-3.3%	374,000	-0.4%	0.75%	+5.2%
ICON	New	ICONIX BRAND GROUP INC	$16,438,000	–	445,000	–	0.74%	–
EE	Sell	EL PASO ELECTRIC CO	$16,408,000	-9.5%	448,931	-0.4%	0.74%	-1.7%
IBKC	Sell	IBERIABANK CORP	$16,312,000	-10.0%	260,950	-0.4%	0.74%	-2.3%
AVA	Sell	AVISTA CORP	$16,211,000	-9.3%	530,986	-0.4%	0.73%	-1.3%
COG	Sell	CABOT OIL & GAS CORP	$16,110,000	-4.7%	492,800	-0.5%	0.73%	+3.6%
CACI	Sell	CACI INTERNATIONAL INC - CL A	$15,986,000	+1.1%	224,300	-0.4%	0.72%	+9.7%
EPAC	Sell	ACTUANT CORP - CL A	$15,707,000	-18.7%	514,650	-7.9%	0.71%	-11.7%
ON	Sell	ON SEMICONDUCTOR CORPORATION	$15,659,000	-2.6%	1,751,550	-0.4%	0.71%	+6.0%
UMPQ	Buy	UMPQUA HOLDINGS CORP	$15,492,000	+2.2%	940,591	+11.1%	0.70%	+11.0%
GBCI	Buy	GLACIER BANCORP INC	$15,493,000	+18.2%	599,100	+29.7%	0.70%	+28.5%
UBSI	Buy	UNITED BANKSHARES	$15,479,000	+13.0%	500,450	+18.2%	0.70%	+22.8%
CBU	Sell	COMMUNITY BANK SYSTEMS INC	$15,352,000	-7.6%	457,050	-0.4%	0.69%	+0.4%
SLH	Sell	SOLERA HOLDINGS INC	$15,217,000	-16.4%	270,000	-0.5%	0.69%	-9.1%
HME	Sell	HOME PROPERTIES INC	$14,761,000	-9.6%	253,450	-0.8%	0.67%	-1.8%
MBFI	Sell	MB FINANCIAL INC	$14,085,000	+1.9%	508,850	-0.4%	0.64%	+10.8%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$13,999,000	-10.1%	107,534	-11.2%	0.63%	-2.3%
SPNV	Buy	SUPERIOR ENERGY SERVICES	$13,916,000	-8.8%	423,378	+0.3%	0.63%	-0.8%
POR	Sell	PORTLAND GENERAL ELECTRIC CO	$13,890,000	-7.7%	432,450	-0.4%	0.63%	+0.3%
DFODQ	Sell	DEAN FOODS CO	$13,763,000	-24.8%	1,038,750	-0.2%	0.62%	-18.4%
NWBI	Sell	NORTHWEST BANCSHARES INC	$13,409,000	-11.2%	1,108,221	-0.4%	0.60%	-3.5%
IBM	Sell	INT'L BUSINESS MACHINES CORP	$13,291,000	-9.8%	70,017	-13.9%	0.60%	-2.0%
SIGI	Sell	SELECTIVE INSURANCE GROUP INC	$13,223,000	-10.8%	597,250	-0.4%	0.60%	-2.9%
CPE	New	CALLON PETROLEUM CO	$13,215,000	–	1,500,000	–	0.60%	–
VZ	Sell	VERIZON COMMUNICATIONS	$13,168,000	-6.8%	263,420	-8.8%	0.59%	+1.2%
GE	Sell	GENERAL ELECTRIC	$12,946,000	-13.7%	505,311	-11.4%	0.58%	-6.3%
SPG	Sell	SIMON PROPERTY GROUP INC	$12,929,000	-6.3%	78,631	-5.3%	0.58%	+1.7%
JNJ	Sell	JOHNSON & JOHNSON	$12,721,000	-2.2%	119,349	-4.0%	0.57%	+6.3%
MSFT	Sell	MICROSOFT CORP	$12,582,000	-6.3%	271,392	-15.7%	0.57%	+1.8%
ETN	Sell	EATON CORP PLC	$12,074,000	-24.2%	190,525	-7.7%	0.54%	-17.7%
KMB	Sell	KIMBERLY-CLARK CORP	$11,976,000	-11.0%	111,331	-8.0%	0.54%	-3.4%
UPS	Sell	UNITED PARCEL SERVICE INC	$11,592,000	-40.3%	117,939	-37.6%	0.52%	-35.1%
CMP	Sell	COMPASS MINERALS INTERNATIONAL	$11,563,000	-12.3%	137,200	-0.4%	0.52%	-4.7%
UTX	Buy	UNITED TECHNOLOGIES CORP	$11,553,000	+13.5%	109,406	+24.1%	0.52%	+23.2%
FMBI	Buy	FIRST MIDWEST BANCORP INC	$11,275,000	+70.8%	700,762	+80.8%	0.51%	+85.8%
XOM	Sell	EXXON MOBIL CORPORATION	$11,175,000	-10.9%	118,815	-4.7%	0.50%	-3.3%
ABBV	Sell	ABBVIE INC	$11,089,000	-7.7%	191,991	-9.8%	0.50%	+0.2%
BECN	Sell	BEACON ROOFING SUPPLY INC	$10,806,000	-29.9%	424,100	-8.9%	0.49%	-23.9%
MMM	Sell	3M COMPANY	$10,361,000	-3.0%	73,128	-1.9%	0.47%	+5.4%
NVO	Sell	NOVO-NORDISK ADR	$10,205,000	-6.5%	214,300	-9.3%	0.46%	+1.8%
WM	Sell	WASTE MANAGEMENT INC	$10,077,000	-3.2%	212,022	-8.9%	0.46%	+5.3%
PSX	Sell	PHILLIPS 66	$9,968,000	-14.2%	122,589	-15.2%	0.45%	-6.8%
COP	Sell	CONOCOPHILLIPS	$9,875,000	-25.9%	129,046	-17.0%	0.45%	-19.5%
NSC	Buy	NORFOLK SOUTHERN CORP	$9,531,000	+35.9%	85,405	+25.4%	0.43%	+47.8%
ACN	Sell	ACCENTURE PLC - CL A	$9,528,000	-5.3%	117,163	-5.9%	0.43%	+2.9%
CHD	Sell	CHURCH & DWIGHT INC	$9,419,000	-1.4%	134,250	-1.7%	0.42%	+7.1%
PPG	Sell	PPG INDUSTRIES INC	$9,060,000	-12.4%	46,050	-6.5%	0.41%	-4.9%
DOW	Sell	DOW CHEMICAL CO	$8,934,000	-16.5%	170,366	-18.1%	0.40%	-9.4%
AMP	Sell	AMERIPRISE FINANCIAL INC	$8,903,000	-14.6%	72,160	-16.9%	0.40%	-7.2%
BMY	Sell	BRISTOL-MYERS SQUIBB	$8,716,000	-3.5%	170,298	-8.6%	0.39%	+4.8%
HON	Sell	HONEYWELL INTL INC	$8,715,000	-8.2%	93,587	-8.3%	0.39%	-0.3%
JPM	Sell	JPMORGAN CHASE & CO.	$8,654,000	-0.3%	143,665	-4.7%	0.39%	+8.3%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$8,586,000	+14.2%	147,900	-7.6%	0.39%	+24.0%
VFC	Sell	V F CORP	$8,577,000	-32.7%	129,892	-35.8%	0.39%	-26.8%
CVS	Sell	CVS HEALTH CORPORATION	$8,434,000	-9.8%	105,970	-14.6%	0.38%	-1.8%
RPM	Sell	RPM INC	$8,286,000	-4.4%	181,006	-3.5%	0.37%	+3.9%
PRU	Sell	PRUDENTIAL FINANCIAL	$8,014,000	-12.7%	91,125	-11.9%	0.36%	-5.0%
AMGN	Sell	AMGEN INC	$7,861,000	-0.2%	55,966	-15.9%	0.36%	+8.6%
MCD	Sell	McDONALDS CORP	$7,704,000	-19.0%	81,258	-13.9%	0.35%	-11.9%
QCOM	Sell	QUALCOMM INC	$7,591,000	-10.7%	101,530	-5.4%	0.34%	-2.8%
EMR	Buy	EMERSON ELECTRIC	$7,516,000	-5.6%	120,098	+0.1%	0.34%	+2.4%
CVX	Sell	CHEVRON CORP	$7,335,000	-20.1%	61,473	-12.6%	0.33%	-13.1%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$7,285,000	-13.6%	85,125	-10.1%	0.33%	-6.0%
ABT	Sell	ABBOTT LABORATORIES	$7,177,000	-9.4%	172,570	-10.9%	0.32%	-1.5%
LLY	Sell	ELI LILLY CO	$6,876,000	+2.5%	106,024	-1.8%	0.31%	+11.1%
UNP	Sell	UNION PACIFIC CORP	$6,816,000	-5.0%	62,870	-12.6%	0.31%	+3.4%
OXY	Sell	OCCIDENTAL PETROLEUM CORP	$6,764,000	-30.6%	70,345	-25.9%	0.30%	-24.7%
AWK	Sell	AMERICAN WATER WORKS CO INC	$6,756,000	-3.5%	140,085	-1.0%	0.30%	+4.8%
B108PS	Sell	ACTAVIS PLC	$6,604,000	+2.3%	27,369	-5.4%	0.30%	+11.2%
F	Sell	FORD MOTOR COMPANY	$6,590,000	-27.6%	445,575	-15.6%	0.30%	-21.4%
TRV	Sell	THE TRAVELERS COMPANIES INC	$6,589,000	-7.9%	70,143	-7.8%	0.30%	0.0%
PEP	Sell	PEPSICO INC	$6,513,000	-4.3%	69,967	-8.2%	0.29%	+3.9%
MET	Sell	METLIFE INC	$6,432,000	-17.5%	119,741	-14.7%	0.29%	-10.5%
ORCL	Sell	ORACLE CORPORATION	$6,124,000	-20.4%	159,989	-15.7%	0.28%	-13.8%
KYN	Sell	KAYNE ANDERSON MLP INVT CO	$5,945,000	-6.7%	145,567	-10.0%	0.27%	+1.1%
TTE	Sell	TOTAL SA SPON ADR	$5,888,000	-15.7%	91,363	-5.6%	0.27%	-8.3%
CAT	Sell	CATERPILLAR INC	$5,765,000	-50.6%	58,211	-45.8%	0.26%	-46.3%
MYL	Sell	MYLAN INC	$5,758,000	-21.0%	126,585	-10.4%	0.26%	-14.2%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$5,601,000	-17.9%	46,025	-20.4%	0.25%	-10.6%
BDX	Sell	BECTON DICKINSON & CO	$5,593,000	-11.0%	49,140	-7.5%	0.25%	-3.4%
M	Sell	MACY'S INC	$5,542,000	-11.8%	95,255	-12.0%	0.25%	-4.2%
WY	New	WEYERHAEUSER CO	$5,490,000	–	172,310	–	0.25%	–
PG	Sell	PROCTER & GAMBLE	$5,137,000	+1.0%	61,344	-5.2%	0.23%	+10.0%
DLR	Sell	DIGITAL REALTY TRUST INC	$5,082,000	-40.3%	81,465	-44.2%	0.23%	-35.3%
ZBH	Sell	ZIMMER HOLDINGS INC	$5,031,000	-13.4%	50,035	-10.6%	0.23%	-5.8%
CSX	Sell	CSX CORP	$4,985,000	-5.5%	155,487	-9.2%	0.22%	+2.7%
WHR	Buy	WHIRLPOOL CORP	$4,934,000	+15.5%	33,875	+10.4%	0.22%	+26.0%
RCL	Sell	ROYAL CARIBBEAN CRUISES LTD	$4,809,000	-3.5%	71,465	-20.3%	0.22%	+4.8%
EPP	Sell	ISHARES MSCI PACIFIC EX JAPAN	$4,800,000	-21.2%	104,200	-15.7%	0.22%	-14.2%
SWK	Sell	STANLEY BLACK DECKER INC	$4,707,000	-15.0%	53,010	-15.9%	0.21%	-7.8%
WPC	Sell	W P CAREY INC	$4,702,000	-10.5%	73,728	-9.6%	0.21%	-2.8%
AAPL	Sell	APPLE INC	$4,596,000	-25.5%	45,620	-31.3%	0.21%	-19.1%
DD	Sell	DU PONT EI DE NEMOURS	$4,530,000	-5.9%	63,133	-14.2%	0.20%	+2.0%
DE	Sell	DEERE & CO	$4,489,000	-25.1%	54,750	-17.3%	0.20%	-18.5%
T	Sell	A T & T INC	$4,338,000	-8.2%	123,103	-7.9%	0.20%	0.0%
LYB	Sell	LYONDELL BASELL INDUSTRIES - C	$4,338,000	-24.8%	39,920	-32.4%	0.20%	-18.0%
NEE	Sell	NEXTERA ENERGY INC	$4,216,000	-14.5%	44,905	-6.7%	0.19%	-7.3%
MRK	Sell	MERCK & CO INC/NJ	$4,189,000	-34.1%	70,662	-35.7%	0.19%	-28.4%
PNY	Sell	PIEDMONT NATURAL GAS	$4,037,000	-11.3%	120,386	-1.1%	0.18%	-3.7%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$4,012,000	-23.3%	56,799	-24.7%	0.18%	-16.6%
DEO	Sell	DIAGEO PLC ADR	$3,981,000	-21.1%	34,495	-13.0%	0.18%	-13.9%
UGI	Buy	UGI CORP	$3,982,000	-16.6%	116,800	+23.5%	0.18%	-9.1%
FDX	Sell	FEDEX CORPORATION	$3,976,000	-2.9%	24,625	-9.0%	0.18%	+5.3%
INTC	Sell	INTEL CORP	$3,943,000	-14.0%	113,245	-23.7%	0.18%	-6.3%
COF	Sell	CAPITAL ONE FINANCIAL CORP VA	$3,924,000	-13.8%	48,075	-12.7%	0.18%	-6.3%
TD	Sell	TORONTO-DOMINION BANK	$3,930,000	-19.0%	79,561	-15.7%	0.18%	-11.9%
TYC	Sell	TYCO INTERNATIONAL LTD	$3,885,000	-13.0%	87,166	-11.0%	0.18%	-5.4%
HAL	Sell	HALLIBURTON CO	$3,874,000	-46.2%	60,060	-40.8%	0.18%	-41.5%
DVN	Sell	DEVON ENERGY CORP	$3,789,000	-25.4%	55,571	-13.2%	0.17%	-19.0%
PFE	Sell	PFIZER INC	$3,746,000	-1.0%	126,675	-0.6%	0.17%	+7.6%
USB	Sell	U.S. BANCORP	$3,750,000	-7.7%	89,655	-4.4%	0.17%	0.0%
RTN	Sell	RAYTHEON	$3,693,000	+9.7%	36,344	-0.4%	0.17%	+19.3%
FCX	Sell	FREEPORT-MCMORAN INC	$3,686,000	-57.0%	112,909	-52.0%	0.17%	-53.4%
TMK	Buy	TORCHMARK CORP	$3,623,000	-12.2%	69,186	+37.3%	0.16%	-4.1%
WLL	Sell	WHITING PETROLEUM CORP	$3,639,000	-16.8%	46,925	-13.9%	0.16%	-9.9%
SLB	Sell	SCHLUMBERGER LTD	$3,561,000	-16.6%	35,014	-3.3%	0.16%	-9.0%
HCN	Sell	HEALTH CARE REIT INC	$3,234,000	-6.4%	51,850	-6.0%	0.15%	+1.4%
UDR	Sell	UDR INC	$3,147,000	-5.8%	115,477	-1.0%	0.14%	+2.2%
PH	Sell	PARKER-HANNIFIN	$3,109,000	-17.1%	27,240	-8.7%	0.14%	-10.3%
D	Sell	DOMINION RESOURCES INC VA	$3,087,000	-11.7%	44,675	-8.7%	0.14%	-4.1%
MO	Sell	ALTRIA GROUP INC	$3,062,000	-2.5%	66,650	-11.0%	0.14%	+6.2%
KIM	Sell	KIMCO REALTY CORP	$2,985,000	-24.5%	136,225	-20.8%	0.14%	-17.7%
CF	Buy	CF INDUSTRIES HOLDINGS INC	$2,954,000	+18.6%	10,580	+2.2%	0.13%	+29.1%
DUK	Sell	DUKE ENERGY CO	$2,939,000	-13.3%	39,308	-14.0%	0.13%	-5.7%
HRS	Sell	HARRIS CORP	$2,887,000	-21.3%	43,475	-10.2%	0.13%	-14.5%
DHI	New	D.R. HORTON INC	$2,883,000	–	140,475	–	0.13%	–
SM	New	SM ENERGY COMPANY	$2,787,000	–	35,735	–	0.13%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$2,725,000	–	76,815	–	0.12%	–
ACC	Sell	AMERICAN CAMPUS COMMUNITIES IN	$2,674,000	-6.8%	73,350	-2.2%	0.12%	+1.7%
ARE	Sell	ALEXANDRIA REAL ESTATE EQUITIE	$2,673,000	-9.9%	36,250	-5.1%	0.12%	-1.6%
PM	Sell	PHILIP MORRIS INTERNATIONAL IN	$2,586,000	-9.9%	31,010	-8.9%	0.12%	-1.7%
ESV	Sell	ENSCO PLC - CL A	$2,520,000	-71.4%	61,000	-61.5%	0.11%	-68.9%
AKR	Buy	ACADIA REALTY TRUST	$2,515,000	+2.3%	91,200	+4.2%	0.11%	+10.8%
FISV	Sell	FISERV INC	$2,469,000	-22.6%	38,200	-27.7%	0.11%	-15.9%
ESS	Sell	ESSEX PROPERTY TRUST INC	$2,413,000	-5.3%	13,500	-2.0%	0.11%	+2.8%
CPT	Buy	CAMDEN PROPERTY TRUST	$2,347,000	+2.3%	34,250	+6.2%	0.11%	+11.6%
EEM	Sell	ISHARES MSCI EMERGING MKTS FD	$2,347,000	-47.2%	56,475	-45.1%	0.11%	-42.7%
LLL	Sell	L-3 COMMUNICATIONS HLDGS INC	$2,227,000	-4.5%	18,725	-3.1%	0.10%	+4.1%
PNR	Sell	PENTAIR PLC	$2,191,000	-20.3%	33,453	-12.2%	0.10%	-13.2%
VWO	Sell	VANGUARD FTSE EMERGING MARKETS	$2,161,000	-54.9%	51,800	-53.3%	0.10%	-50.8%
NNN	Sell	NATIONAL RETAIL PPTYS INC	$2,140,000	-8.2%	61,900	-1.3%	0.10%	0.0%
HTZ	Sell	HERTZ GLOBAL HOLDINGS	$2,140,000	-66.7%	84,300	-63.2%	0.10%	-63.7%
DIS	Sell	WALT DISNEY COMPANY	$2,074,000	-3.6%	23,301	-7.1%	0.09%	+5.6%
ITW	Sell	ILLINOIS TOOL WORKS	$2,029,000	-4.9%	24,035	-1.4%	0.09%	+3.4%
LPT	Sell	LIBERTY PROPERTY TRUST	$2,039,000	-15.9%	61,300	-4.1%	0.09%	-8.9%
CCI	New	CROWN CASTLE INTERNATIONAL COR	$2,013,000	–	25,000	–	0.09%	–
AVGO	Sell	AVAGO TECHNOLOGIES LTD	$2,014,000	-1.9%	23,150	-18.8%	0.09%	+7.1%
TEL	Sell	TE CONNECTIVITY LTD	$1,918,000	-17.2%	34,685	-7.4%	0.09%	-9.4%
WLK	Sell	WESTLAKE CHEMICAL CORP	$1,931,000	-14.0%	22,300	-16.8%	0.09%	-6.5%
FDO	Sell	FAMILY DOLLAR STORES	$1,900,000	-42.1%	24,600	-50.4%	0.09%	-36.8%
ALL	Sell	ALLSTATE CORPORATION	$1,873,000	+4.0%	30,525	-0.5%	0.08%	+13.3%
SYY	Sell	SYSCO CORP	$1,774,000	-32.2%	46,750	-33.1%	0.08%	-26.6%
AFL	Sell	AFLAC INC	$1,669,000	-16.4%	28,650	-10.7%	0.08%	-9.6%
MGA	New	MAGNA INTERNATIONAL INC	$1,594,000	–	16,800	–	0.07%	–
LHO	Buy	LASALLE HOTEL PROPERTIES	$1,589,000	+0.1%	46,400	+3.1%	0.07%	+9.1%
ARW	New	ARROW ELECTRONICS INC	$1,539,000	–	27,800	–	0.07%	–
BDN	Sell	BRANDYWINE REALTY TRUST SBI	$1,508,000	-29.5%	107,200	-21.9%	0.07%	-23.6%
TGT	Sell	TARGET CORP	$1,471,000	-7.6%	23,475	-14.5%	0.07%	0.0%
BAX	Sell	BAXTER INT'L	$1,473,000	-16.2%	20,520	-15.6%	0.07%	-9.6%
LUMN	Sell	CENTURYLINK INC	$1,442,000	+11.3%	35,257	-1.5%	0.06%	+20.4%
CLR	Buy	CONTINENTAL RESOURCES INC	$1,423,000	-19.6%	21,400	+91.1%	0.06%	-13.5%
BKH	Sell	BLACK HILLS CORP	$1,391,000	-22.7%	29,050	-0.9%	0.06%	-16.0%
HD	Sell	HOME DEPOT INC	$1,383,000	-10.7%	15,075	-21.1%	0.06%	-3.1%
KO	Sell	COCA-COLA	$1,323,000	-16.5%	31,002	-17.1%	0.06%	-9.1%
LMT	Sell	LOCKHEED MARTIN CORP	$1,307,000	+11.4%	7,150	-2.1%	0.06%	+20.4%
KSS	Sell	KOHLS CORP WISC PV	$1,263,000	-10.6%	20,700	-22.8%	0.06%	-3.4%
MOS	Sell	THE MOSAIC CO	$1,184,000	-45.8%	26,650	-39.7%	0.05%	-41.8%
PPL	Sell	PPL CORP	$1,135,000	-18.1%	34,550	-11.4%	0.05%	-12.1%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$1,069,000	-36.5%	31,184	-30.3%	0.05%	-31.4%
AXP	Sell	AMERICAN EXPRESS	$1,055,000	-17.6%	12,050	-10.7%	0.05%	-9.4%
CAG	Sell	CONAGRA FOODS INC	$1,056,000	-33.0%	31,975	-39.8%	0.05%	-26.2%
ARG	Sell	AIRGAS INC	$1,051,000	-64.8%	9,500	-65.3%	0.05%	-62.1%
NOV	Sell	NATIONAL OILWELL VARCO INC	$1,029,000	-11.2%	13,525	-3.9%	0.05%	-4.2%
DRI	Sell	DARDEN RESTAURANTS INC	$1,027,000	-40.4%	19,950	-46.4%	0.05%	-36.1%
SJM	Sell	J.M. SMUCKER COM	$991,000	-18.2%	10,009	-11.9%	0.04%	-10.0%
HCP	Sell	HCP INC	$945,000	-12.7%	23,800	-9.0%	0.04%	-4.4%
PX	Sell	PRAXAIR INC	$961,000	-7.6%	7,450	-4.9%	0.04%	0.0%
DPS	Sell	DR PEPPER SNAPPLE GROUP INC	$958,000	+9.0%	14,900	-0.7%	0.04%	+16.2%
TSRE	Buy	TRADE STREET RESIDENTIAL INC	$892,000	+72.2%	125,000	+80.6%	0.04%	+81.8%
CSCO	Sell	CISCO SYSTEMS INC	$880,000	-7.1%	34,954	-8.3%	0.04%	+2.6%
PAYX	Sell	PAYCHEX INC	$855,000	+1.2%	19,350	-4.8%	0.04%	+11.4%
RDSA	Sell	ROYAL DUTCH SHELL PLC	$871,000	-11.8%	11,435	-4.6%	0.04%	-4.9%
WFC	Sell	WELLS FARGO & CO	$855,000	-39.4%	16,474	-38.7%	0.04%	-33.9%
HES	Sell	HESS CORP	$724,000	-21.9%	7,675	-18.1%	0.03%	-13.2%
NEBLQ	Sell	NOBLE CORP PLC	$734,000	-58.3%	33,055	-37.0%	0.03%	-54.8%
AGU	Sell	AGRIUM INC	$701,000	-72.9%	7,875	-72.1%	0.03%	-70.1%
APA	Sell	APACHE CORP	$678,000	-37.5%	7,225	-32.9%	0.03%	-31.1%
MDP	Sell	MEREDITH CORP	$695,000	-12.7%	16,250	-1.2%	0.03%	-6.1%
KRFT	Sell	KRAFT FOODS GROUP INC	$669,000	-30.3%	11,859	-25.9%	0.03%	-25.0%
GSK	Sell	GLAXOSMITHKLINE PLC ADR	$648,000	-22.9%	14,105	-10.2%	0.03%	-17.1%
MRO	Sell	MARATHON OIL CORP	$598,000	-55.7%	15,900	-53.0%	0.03%	-51.8%
PEG	Sell	PUBLIC SERVICE ENTERPRISE INC	$562,000	-19.5%	15,100	-11.7%	0.02%	-13.8%
APC	Sell	ANADARKO PETROLEUM CORP	$548,000	-61.5%	5,400	-58.5%	0.02%	-57.6%
NUAN	Sell	NUANCE COMMUNICATIONS INC	$501,000	-43.0%	32,500	-30.6%	0.02%	-37.8%
TYG	Buy	TORTOISE ENERGY INFRASTRUCTURE	$503,000	+1.2%	10,450	+4.0%	0.02%	+9.5%
HRB	Sell	H&R BLOCK INC	$509,000	-30.7%	16,400	-25.1%	0.02%	-23.3%
MUR	Sell	MURPHY OIL CORP	$509,000	-39.6%	8,950	-29.4%	0.02%	-34.3%
MPC	Sell	MARATHON PETROLEUM CORP	$487,000	-20.9%	5,750	-27.1%	0.02%	-15.4%
DGICA	Sell	DONEGAL GROUP INC CL A	$462,000	-2.7%	30,083	-3.0%	0.02%	+5.0%
4945SC	Sell	KINDER MORGAN ENERGY PRTNRS	$457,000	-17.1%	4,900	-26.9%	0.02%	-8.7%
DGX	Sell	QUEST DIAGNOSTICS	$458,000	-21.2%	7,548	-23.7%	0.02%	-12.5%
CCG	New	CAMPUS CREST COMMUNITIES INC	$448,000	–	70,000	–	0.02%	–
ADM	Sell	ARCHER DANIELS MIDLAND	$439,000	+9.5%	8,600	-5.5%	0.02%	+17.6%
BBBY	Sell	BED BATH AND BEYOND INC	$428,000	-3.4%	6,500	-15.9%	0.02%	+5.6%
CELG	Sell	CELGENE CORP COM	$424,000	-1.6%	4,470	-11.0%	0.02%	+5.6%
AGN	Sell	ALLERGAN INC	$401,000	-44.2%	2,250	-47.1%	0.02%	-40.0%
HPT	Sell	HOSPITALITY PROPERTIES TRUST	$390,000	-23.1%	14,525	-12.9%	0.02%	-14.3%
CECE	Sell	CECO ENVIRONMENTAL CORP	$393,000	-31.1%	29,317	-19.8%	0.02%	-25.0%
GIS	Sell	GENERAL MILLS INC	$383,000	-36.8%	7,600	-34.1%	0.02%	-32.0%
WFTIQ	New	WEATHERFORD INTERNATIONAL PLC	$354,000	–	17,000	–	0.02%	–
CL	Sell	COLGATE PALMOLIVE CO	$352,000	-18.9%	5,402	-15.1%	0.02%	-11.1%
IR	Buy	INGERSOLL-RAND PLC	$335,000	+39.0%	5,950	+54.5%	0.02%	+50.0%
LH	Sell	LABORATORY CORPORATION OF AMER	$326,000	-30.0%	3,200	-29.7%	0.02%	-21.1%
GLW	Sell	CORNING INC	$325,000	-13.3%	16,800	-1.8%	0.02%	-6.2%
DOV	Sell	DOVER CORP	$303,000	-20.5%	3,775	-9.8%	0.01%	-12.5%
AEP	Sell	AMERICAN ELECTRIC POWER CO	$298,000	-26.8%	5,700	-21.9%	0.01%	-23.5%
FXI	Sell	ISHARES CHINA LARGE CAP ETF	$295,000	-83.8%	7,700	-84.3%	0.01%	-82.9%
EFA	Sell	ISHARES MSCI EAFE ETF	$281,000	-65.1%	4,375	-62.8%	0.01%	-60.6%
VLO	Sell	VALERO ENERGY CORP	$261,000	-38.0%	5,650	-32.7%	0.01%	-29.4%
GOOGL	Buy	GOOGLE INC CL A	$274,000	+4.2%	465	+3.3%	0.01%	+9.1%
DOFSQ	Sell	DIAMOND OFFSHORE DRILLING INC	$267,000	-45.3%	7,800	-20.6%	0.01%	-40.0%
LO	Buy	LORILLARD INC	$256,000	+8.5%	4,275	+10.3%	0.01%	+20.0%
XEL	Sell	XCEL ENERGY INC	$258,000	-15.7%	8,500	-10.5%	0.01%	-7.7%
NVS	Sell	NOVARTIS AG	$259,000	-37.4%	2,750	-39.9%	0.01%	-29.4%
RIG	Sell	TRANSOCEAN LTD	$243,000	-42.0%	7,614	-18.3%	0.01%	-35.3%
NTAP	Sell	NETAPP INC	$243,000	-6.2%	5,650	-20.4%	0.01%	0.0%
EWJ	Sell	ISHARES MSCI JAPAN INDEX FD	$239,000	-19.8%	20,300	-18.0%	0.01%	-8.3%
BHP	Sell	BHP BILLITON LTD	$224,000	-58.1%	3,800	-51.3%	0.01%	-54.5%
TAL	Buy	TAL INTERNATIONAL GROUP INC	$213,000	-2.3%	5,175	+5.1%	0.01%	+11.1%
GOOG	Sell	GOOGLE INC CL C	$222,000	-14.3%	385	-14.4%	0.01%	-9.1%
NEM	Sell	NEWMONT MINING CORP	$221,000	-59.2%	9,600	-54.9%	0.01%	-56.5%
WPG	Sell	WASHINGTON PRIME GROUP INC	$193,000	-43.7%	11,065	-39.6%	0.01%	-35.7%
COH	Sell	COACH INC	$204,000	-48.5%	5,725	-50.5%	0.01%	-43.8%
HIG	Sell	HARTFORD FINANCIAL SERVICES GR	$201,000	-51.6%	5,401	-53.4%	0.01%	-47.1%
VLY	Exit	VALLEY NATL BANCORP COM	$0	–	-10,000	–	-0.00%	–
SIEGY	Exit	SIEMENS AG	$0	–	-1,535	–	-0.01%	–
TM	Exit	ADR TOYOTA MOTOR CORP COM	$0	–	-1,700	–	-0.01%	–
PUK	Exit	PRUDENTIAL PLC - ADR	$0	–	-4,500	–	-0.01%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-2,900	–	-0.01%	–
ADT	Exit	ADT CORP	$0	–	-6,025	–	-0.01%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE GROU	$0	–	-1,123	–	-0.01%	–
WMT	Exit	WAL-MART STORES	$0	–	-3,125	–	-0.01%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-2,000	–	-0.01%	–
ET	Exit	ENERGY TRANSFER EQUITY COM UT	$0	–	-4,100	–	-0.01%	–
SO	Exit	SOUTHERN CO	$0	–	-5,300	–	-0.01%	–
TFX	Exit	TELEFLEX INC	$0	–	-2,200	–	-0.01%	–
AON	Exit	AON PLC	$0	–	-2,719	–	-0.01%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-5,500	–	-0.01%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-3,000	–	-0.01%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-17,824	–	-0.01%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-10,500	–	-0.01%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-6,759	–	-0.01%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-2,400	–	-0.01%	–
TEVA	Exit	TEVA PHARMACTCL INDS ADR	$0	–	-7,500	–	-0.02%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LL	$0	–	-5,800	–	-0.02%	–
KWR	Exit	QUAKER CHEMICAL	$0	–	-7,000	–	-0.02%	–
SDRL	Exit	SEADRILL LTD	$0	–	-21,200	–	-0.04%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-25,900	–	-0.06%	–
EDR	Exit	EDUCATION REALTY TRUST INC	$0	–	-150,000	–	-0.07%	–
PPS	Exit	POST PROPERTIES INC	$0	–	-30,000	–	-0.07%	–
VV	Exit	VANGUARD LARGE-CAP ETF	$0	–	-19,535	–	-0.07%	–
CNI	Exit	CANADIAN NATIONAL RAILWAY CO C	$0	–	-27,800	–	-0.08%	–
UNS	Exit	UNS ENERGY CORP	$0	–	-226,350	–	-0.57%	–

Q2 2014

			Value		Shares		↓ Weighting
URI	New	UNITED RENTALS	$50,666,000	–	483,782	–	2.10%	–
ENS	New	ENERSYS	$37,313,000	–	542,425	–	1.55%	–
POL	New	POLYONE CORP	$36,870,000	–	874,940	–	1.53%	–
BDC	New	BELDEN INC	$36,477,000	–	466,700	–	1.52%	–
TRN	New	TRINITY INDUSTRIES	$35,292,000	–	807,230	–	1.47%	–
PRXL	New	PAREXEL INTERNATIONAL	$33,050,000	–	625,480	–	1.37%	–
AMG	New	AFFILIATED MANAGERS GROUP INC	$32,553,000	–	158,488	–	1.35%	–
CRZO	New	CARRIZO OIL & GAS INC	$31,116,000	–	449,260	–	1.29%	–
MTZ	New	MASTEC INCORPORATED	$30,966,000	–	1,004,730	–	1.29%	–
MOGA	New	MOOG INC	$30,905,000	–	424,000	–	1.28%	–
SIVB	New	SVB FINANCIAL GROUP	$29,872,000	–	256,150	–	1.24%	–
SBNY	New	SIGNATURE BANK	$29,785,000	–	236,050	–	1.24%	–
NTCT	New	NETSCOUT SYSTEMS INC	$29,695,000	–	669,720	–	1.23%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$29,648,000	–	702,900	–	1.23%	–
JAH	New	JARDEN CORPORATION	$29,516,000	–	497,327	–	1.23%	–
AXE	New	ANIXTER INTERNATIONAL	$29,193,000	–	291,725	–	1.21%	–
CBI	New	CHICAGO BRIDGE AND IRON COMPAN	$28,831,000	–	422,738	–	1.20%	–
PTC	New	PTC INC	$28,460,000	–	733,505	–	1.18%	–
CR	New	CRANE CO	$28,114,000	–	378,075	–	1.17%	–
GNRC	New	GENERAC HOLDINGS INC	$26,268,000	–	538,940	–	1.09%	–
CASY	New	CASEYS GENERAL STORES INC	$26,204,000	–	372,800	–	1.09%	–
BCEI	New	BONANZA CREEK ENERGY INC	$26,136,000	–	457,000	–	1.08%	–
SLG	New	SL GREEN REALTY CORP	$24,275,000	–	221,875	–	1.01%	–
SLGN	New	SILGAN HOLDINGS INC	$24,065,000	–	473,525	–	1.00%	–
HIW	New	HIGHWOODS PROPERTIES INC	$23,191,000	–	552,814	–	0.96%	–
OSK	New	OSHKOSH CORP	$22,848,000	–	411,450	–	0.95%	–
CAB	New	CABELA'S INC	$22,757,000	–	364,692	–	0.94%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$22,173,000	–	1,674,680	–	0.92%	–
EAT	New	BRINKER INTERNATIONAL INC	$21,822,000	–	448,555	–	0.91%	–
KOG	New	KODIAK OIL & GAS CORP	$20,111,000	–	1,382,190	–	0.84%	–
RFMD	New	RF MICRO DEVICES	$20,054,000	–	2,091,110	–	0.83%	–
ANN	New	ANN INC	$19,838,000	–	482,198	–	0.82%	–
SWX	New	SOUTHWEST GAS CORP	$19,447,000	–	368,385	–	0.81%	–
UPS	New	UNITED PARCEL SERVICE INC	$19,405,000	–	189,020	–	0.81%	–
EPAC	New	ACTUANT CORP - CL A	$19,325,000	–	559,025	–	0.80%	–
RHP	New	RYMAN HOSPITALITY PROPERTIES	$18,395,000	–	382,040	–	0.76%	–
DFODQ	New	DEAN FOODS CO	$18,314,000	–	1,041,160	–	0.76%	–
SLH	New	SOLERA HOLDINGS INC	$18,213,000	–	271,225	–	0.76%	–
IBKC	New	IBERIABANK CORP	$18,132,000	–	262,055	–	0.75%	–
EE	New	EL PASO ELECTRIC CO	$18,122,000	–	450,681	–	0.75%	–
AVA	New	AVISTA CORP	$17,869,000	–	533,086	–	0.74%	–
WTFC	New	WINTRUST FINANCIAL CORP	$17,274,000	–	375,525	–	0.72%	–
COG	New	CABOT OIL & GAS CORP	$16,909,000	–	495,270	–	0.70%	–
CBU	New	COMMUNITY BANK SYSTEMS INC	$16,613,000	–	458,935	–	0.69%	–
CATM	New	CARDTRONICS INC	$16,427,000	–	482,005	–	0.68%	–
HME	New	HOME PROPERTIES INC	$16,334,000	–	255,375	–	0.68%	–
ON	New	ON SEMICONDUCTOR CORPORATION	$16,073,000	–	1,758,555	–	0.67%	–
ETN	New	EATON CORP PLC	$15,937,000	–	206,493	–	0.66%	–
CACI	New	CACI INTERNATIONAL INC - CL A	$15,811,000	–	225,200	–	0.66%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$15,580,000	–	121,134	–	0.65%	–
BECN	New	BEACON ROOFING SUPPLY INC	$15,426,000	–	465,775	–	0.64%	–
WBS	New	WEBSTER FINANCIAL CORP	$15,387,000	–	487,855	–	0.64%	–
SPNV	New	SUPERIOR ENERGY SERVICES	$15,253,000	–	422,058	–	0.63%	–
UMPQ	New	UMPQUA HOLDINGS CORP	$15,165,000	–	846,246	–	0.63%	–
NWBI	New	NORTHWEST BANCSHARES INC	$15,096,000	–	1,112,426	–	0.63%	–
POR	New	PORTLAND GENERAL ELECTRIC CO	$15,048,000	–	434,025	–	0.62%	–
GE	New	GENERAL ELECTRIC	$14,996,000	–	570,611	–	0.62%	–
GRT	New	GLIMCHER REALTY TRUST	$15,000,000	–	1,385,000	–	0.62%	–
SIGI	New	SELECTIVE INSURANCE GROUP INC	$14,820,000	–	599,525	–	0.62%	–
IBM	New	INT'L BUSINESS MACHINES CORP	$14,733,000	–	81,278	–	0.61%	–
VZ	New	VERIZON COMMUNICATIONS	$14,131,000	–	288,802	–	0.59%	–
MBFI	New	MB FINANCIAL INC	$13,816,000	–	510,775	–	0.57%	–
SPG	New	SIMON PROPERTY GROUP INC	$13,805,000	–	83,022	–	0.57%	–
UBSI	New	UNITED BANKSHARES	$13,693,000	–	423,525	–	0.57%	–
UNS	New	UNS ENERGY CORP	$13,674,000	–	226,350	–	0.57%	–
KMB	New	KIMBERLY-CLARK CORP	$13,454,000	–	120,964	–	0.56%	–
MSFT	New	MICROSOFT CORP	$13,428,000	–	322,012	–	0.56%	–
COP	New	CONOCOPHILLIPS	$13,335,000	–	155,548	–	0.55%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$13,186,000	–	137,725	–	0.55%	–
GBCI	New	GLACIER BANCORP INC	$13,107,000	–	461,850	–	0.54%	–
JNJ	New	JOHNSON & JOHNSON	$13,003,000	–	124,288	–	0.54%	–
VFC	New	V F CORP	$12,740,000	–	202,223	–	0.53%	–
XOM	New	EXXON MOBIL CORPORATION	$12,548,000	–	124,635	–	0.52%	–
WOR	New	WORTHINGTON INDUSTRIES INC	$12,384,000	–	287,721	–	0.51%	–
ABBV	New	ABBVIE INC	$12,014,000	–	212,870	–	0.50%	–
CAT	New	CATERPILLAR INC	$11,663,000	–	107,324	–	0.48%	–
PSX	New	PHILLIPS 66	$11,623,000	–	144,516	–	0.48%	–
NVO	New	NOVO-NORDISK ADR	$10,915,000	–	236,300	–	0.45%	–
DOW	New	DOW CHEMICAL CO	$10,704,000	–	207,999	–	0.44%	–
MMM	New	3M COMPANY	$10,680,000	–	74,558	–	0.44%	–
AMP	New	AMERIPRISE FINANCIAL INC	$10,419,000	–	86,829	–	0.43%	–
WM	New	WASTE MANAGEMENT INC	$10,415,000	–	232,836	–	0.43%	–
PPG	New	PPG INDUSTRIES INC	$10,348,000	–	49,240	–	0.43%	–
UTX	New	UNITED TECHNOLOGIES CORP	$10,175,000	–	88,136	–	0.42%	–
ACN	New	ACCENTURE PLC - CL A	$10,061,000	–	124,454	–	0.42%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$9,743,000	–	94,933	–	0.40%	–
CHD	New	CHURCH & DWIGHT INC	$9,552,000	–	136,550	–	0.40%	–
MCD	New	McDONALDS CORP	$9,508,000	–	94,385	–	0.40%	–
HON	New	HONEYWELL INTL INC	$9,490,000	–	102,101	–	0.39%	–
CVS	New	CVS CAREMARK CORP	$9,350,000	–	124,054	–	0.39%	–
PRU	New	PRUDENTIAL FINANCIAL	$9,180,000	–	103,416	–	0.38%	–
CVX	New	CHEVRON CORP	$9,179,000	–	70,313	–	0.38%	–
F	New	FORD MOTOR COMPANY	$9,101,000	–	527,918	–	0.38%	–
BMY	New	BRISTOL-MYERS SQUIBB	$9,034,000	–	186,238	–	0.38%	–
ESV	New	ENSCO PLC - CL A	$8,809,000	–	158,513	–	0.37%	–
JPM	New	JPMORGAN CHASE & CO.	$8,684,000	–	150,709	–	0.36%	–
RPM	New	RPM INC	$8,664,000	–	187,616	–	0.36%	–
FCX	New	FREEPORT-MCMORAN INC	$8,577,000	–	234,995	–	0.36%	–
DLR	New	DIGITAL REALTY TRUST INC	$8,519,000	–	146,071	–	0.35%	–
QCOM	New	QUALCOMM INC	$8,504,000	–	107,374	–	0.35%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$8,432,000	–	94,685	–	0.35%	–
EMR	New	EMERSON ELECTRIC	$7,963,000	–	119,998	–	0.33%	–
ABT	New	ABBOTT LABORATORIES	$7,921,000	–	193,659	–	0.33%	–
AMGN	New	AMGEN INC	$7,873,000	–	66,509	–	0.33%	–
MET	New	METLIFE INC	$7,800,000	–	140,384	–	0.32%	–
ORCL	New	ORACLE CORPORATION	$7,696,000	–	189,887	–	0.32%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$7,519,000	–	160,110	–	0.31%	–
MYL	New	MYLAN INC	$7,287,000	–	141,324	–	0.30%	–
HAL	New	HALLIBURTON CO	$7,204,000	–	101,454	–	0.30%	–
UNP	New	UNION PACIFIC CORP	$7,173,000	–	71,914	–	0.30%	–
TRV	New	THE TRAVELERS COMPANIES INC	$7,154,000	–	76,046	–	0.30%	–
AWK	New	AMERICAN WATER WORKS CO INC	$7,000,000	–	141,560	–	0.29%	–
NSC	New	NORFOLK SOUTHERN CORP	$7,015,000	–	68,091	–	0.29%	–
TTE	New	TOTAL SA SPON ADR	$6,986,000	–	96,764	–	0.29%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,826,000	–	57,850	–	0.28%	–
PEP	New	PEPSICO INC	$6,807,000	–	76,191	–	0.28%	–
LLY	New	ELI LILLY CO	$6,710,000	–	107,924	–	0.28%	–
FMBI	New	FIRST MIDWEST BANCORP INC	$6,600,000	–	387,525	–	0.27%	–
B108PS	New	ACTAVIS PLC	$6,453,000	–	28,930	–	0.27%	–
HTZ	New	HERTZ GLOBAL HOLDINGS	$6,428,000	–	229,336	–	0.27%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$6,372,000	–	161,675	–	0.26%	–
MRK	New	MERCK & CO INC/NJ	$6,360,000	–	109,940	–	0.26%	–
BDX	New	BECTON DICKINSON & CO	$6,285,000	–	53,127	–	0.26%	–
M	New	MACY'S INC	$6,283,000	–	108,291	–	0.26%	–
AAPL	New	APPLE INC	$6,167,000	–	66,366	–	0.26%	–
EPP	New	ISHARES MSCI PACIFIC EX JAPAN	$6,090,000	–	123,650	–	0.25%	–
DE	New	DEERE & CO	$5,994,000	–	66,195	–	0.25%	–
ZBH	New	ZIMMER HOLDINGS INC	$5,811,000	–	55,955	–	0.24%	–
LYB	New	LYONDELL BASELL INDUSTRIES - C	$5,765,000	–	59,035	–	0.24%	–
SWK	New	STANLEY BLACK DECKER INC	$5,539,000	–	63,069	–	0.23%	–
CSX	New	CSX CORP	$5,273,000	–	171,157	–	0.22%	–
WPC	New	W P CAREY INC	$5,252,000	–	81,555	–	0.22%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$5,231,000	–	75,447	–	0.22%	–
DVN	New	DEVON ENERGY CORP	$5,081,000	–	63,989	–	0.21%	–
PG	New	PROCTER & GAMBLE	$5,088,000	–	64,739	–	0.21%	–
DEO	New	DIAGEO PLC ADR	$5,044,000	–	39,636	–	0.21%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$4,983,000	–	89,631	–	0.21%	–
NEE	New	NEXTERA ENERGY INC	$4,933,000	–	48,138	–	0.20%	–
TD	New	TORONTO-DOMINION BANK	$4,852,000	–	94,386	–	0.20%	–
DD	New	DU PONT EI DE NEMOURS	$4,813,000	–	73,541	–	0.20%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS	$4,788,000	–	111,014	–	0.20%	–
UGI	New	UGI CORP	$4,775,000	–	94,550	–	0.20%	–
T	New	A T & T INC	$4,725,000	–	133,612	–	0.20%	–
WDFC	New	WD-40 CO	$4,592,000	–	61,050	–	0.19%	–
INTC	New	INTEL CORP	$4,587,000	–	148,434	–	0.19%	–
COF	New	CAPITAL ONE FINANCIAL CORP VA	$4,550,000	–	55,089	–	0.19%	–
MAC	New	MACERICH CO	$4,548,000	–	68,132	–	0.19%	–
PNY	New	PIEDMONT NATURAL GAS	$4,552,000	–	121,686	–	0.19%	–
TYC	New	TYCO INTERNATIONAL LTD	$4,465,000	–	97,916	–	0.18%	–
EEM	New	ISHARES MSCI EMERGING MKTS FD	$4,443,000	–	102,779	–	0.18%	–
WLL	New	WHITING PETROLEUM CORP	$4,374,000	–	54,500	–	0.18%	–
WHR	New	WHIRLPOOL CORP	$4,273,000	–	30,695	–	0.18%	–
SLB	New	SCHLUMBERGER LTD	$4,271,000	–	36,213	–	0.18%	–
EGP	New	EASTGROUP PROPERTIES SBI	$4,181,000	–	65,100	–	0.17%	–
TMK	New	TORCHMARK CORP	$4,127,000	–	50,375	–	0.17%	–
FDX	New	FEDEX CORPORATION	$4,095,000	–	27,050	–	0.17%	–
USB	New	U.S. BANCORP	$4,064,000	–	93,805	–	0.17%	–
KIM	New	KIMCO REALTY CORP	$3,952,000	–	171,975	–	0.16%	–
RLJ	New	RLJ LODGING TRUST	$3,883,000	–	134,400	–	0.16%	–
PFE	New	PFIZER INC	$3,783,000	–	127,475	–	0.16%	–
PH	New	PARKER-HANNIFIN	$3,752,000	–	29,845	–	0.16%	–
HRS	New	HARRIS CORP	$3,668,000	–	48,425	–	0.15%	–
DDR	New	DDR CORP	$3,647,000	–	206,864	–	0.15%	–
D	New	DOMINION RESOURCES INC VA	$3,498,000	–	48,915	–	0.14%	–
HCN	New	HEALTH CARE REIT INC	$3,456,000	–	55,150	–	0.14%	–
GPC	New	GENUINE PARTS CO	$3,421,000	–	38,960	–	0.14%	–
DUK	New	DUKE ENERGY CO	$3,389,000	–	45,682	–	0.14%	–
RTN	New	RAYTHEON	$3,367,000	–	36,494	–	0.14%	–
UDR	New	UDR INC	$3,340,000	–	116,677	–	0.14%	–
FDO	New	FAMILY DOLLAR STORES	$3,281,000	–	49,600	–	0.14%	–
CPB	New	CAMPBELL SOUP	$3,220,000	–	70,300	–	0.13%	–
FISV	New	FISERV INC	$3,188,000	–	52,848	–	0.13%	–
MO	New	ALTRIA GROUP INC	$3,141,000	–	74,888	–	0.13%	–
ARG	New	AIRGAS INC	$2,984,000	–	27,400	–	0.12%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUITIE	$2,966,000	–	38,200	–	0.12%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES IN	$2,868,000	–	75,000	–	0.12%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$2,869,000	–	34,035	–	0.12%	–
PNR	New	PENTAIR PLC	$2,749,000	–	38,121	–	0.11%	–
GGP	New	GENERAL GROWTH PROPERTIES	$2,709,000	–	115,000	–	0.11%	–
SYY	New	SYSCO CORP	$2,615,000	–	69,834	–	0.11%	–
AGU	New	AGRIUM INC	$2,586,000	–	28,225	–	0.11%	–
MAR	New	MARRIOTT INTERNATIONAL INC CL	$2,564,000	–	40,000	–	0.11%	–
ESS	New	ESSEX PROPERTY TRUST INC	$2,547,000	–	13,775	–	0.11%	–
EQR	New	EQUITY RESIDENTIAL	$2,533,000	–	40,200	–	0.10%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$2,491,000	–	10,355	–	0.10%	–
AKR	New	ACADIA REALTY TRUST	$2,458,000	–	87,500	–	0.10%	–
LPT	New	LIBERTY PROPERTY TRUST	$2,425,000	–	63,945	–	0.10%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$2,333,000	–	19,325	–	0.10%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$2,332,000	–	62,700	–	0.10%	–
TEL	New	TE CONNECTIVITY LTD	$2,317,000	–	37,460	–	0.10%	–
CPT	New	CAMDEN PROPERTY TRUST	$2,295,000	–	32,250	–	0.10%	–
KEY	New	KEY CORP	$2,284,000	–	159,400	–	0.10%	–
MKC	New	McCORMICK & CO INC NON VTG	$2,255,000	–	31,500	–	0.09%	–
MHK	New	MOHAWK INDUSTRIES INC	$2,241,000	–	16,200	–	0.09%	–
WLK	New	WESTLAKE CHEMICAL CORP	$2,245,000	–	26,800	–	0.09%	–
NJR	New	NEW JERSEY RESOURCES	$2,186,000	–	38,250	–	0.09%	–
MOS	New	THE MOSAIC CO	$2,184,000	–	44,161	–	0.09%	–
AFG	New	AMERICAN FINANCIAL GROUP INC	$2,168,000	–	36,400	–	0.09%	–
PKI	New	PERKINELMER INC	$2,164,000	–	46,200	–	0.09%	–
BDN	New	BRANDYWINE REALTY TRUST SBI	$2,140,000	–	137,200	–	0.09%	–
DIS	New	WALT DISNEY COMPANY	$2,151,000	–	25,088	–	0.09%	–
ITW	New	ILLINOIS TOOL WORKS	$2,134,000	–	24,368	–	0.09%	–
EWBC	New	EAST WEST BANCORP INC	$2,145,000	–	61,300	–	0.09%	–
AVY	New	AVERY DENNISON CORP	$2,122,000	–	41,400	–	0.09%	–
FRT	New	FEDERAL REALTY INV. TRUST	$2,116,000	–	17,500	–	0.09%	–
SSS	New	SOVRAN SELF STORAGE INC	$2,086,000	–	27,000	–	0.09%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$2,054,000	–	28,500	–	0.08%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,054,000	–	92,100	–	0.08%	–
FRC	New	FIRST REPUBLIC BANK/CA	$2,007,000	–	36,500	–	0.08%	–
AFL	New	AFLAC INC	$1,997,000	–	32,075	–	0.08%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$1,965,000	–	65,000	–	0.08%	–
VTR	New	VENTAS INC	$1,983,000	–	30,933	–	0.08%	–
OHI	New	OMEGA HEALTHCARE INVESTORS	$1,843,000	–	50,000	–	0.08%	–
FXI	New	ISHARES CHINA LARGE CAP ETF	$1,822,000	–	49,200	–	0.08%	–
ALL	New	ALLSTATE CORPORATION	$1,801,000	–	30,675	–	0.08%	–
CNI	New	CANADIAN NATIONAL RAILWAY CO C	$1,808,000	–	27,800	–	0.08%	–
BKH	New	BLACK HILLS CORP	$1,799,000	–	29,300	–	0.08%	–
CLR	New	CONTINENTAL RESOURCES INC	$1,770,000	–	11,200	–	0.07%	–
BAX	New	BAXTER INT'L	$1,758,000	–	24,321	–	0.07%	–
VV	New	VANGUARD LARGE-CAP ETF	$1,758,000	–	19,535	–	0.07%	–
NEBLQ	New	NOBLE CORP PLC	$1,760,000	–	52,430	–	0.07%	–
ICLR	New	ICON PLC	$1,734,000	–	36,800	–	0.07%	–
DRI	New	DARDEN RESTAURANTS INC	$1,724,000	–	37,250	–	0.07%	–
WCC	New	WESCO INTERNATIONAL INC	$1,745,000	–	20,200	–	0.07%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,683,000	–	44,740	–	0.07%	–
CUBE	New	CUBE SMART	$1,649,000	–	90,000	–	0.07%	–
PPS	New	POST PROPERTIES INC	$1,604,000	–	30,000	–	0.07%	–
EDR	New	EDUCATION REALTY TRUST INC	$1,611,000	–	150,000	–	0.07%	–
R108	New	ENERGIZER HOLDINGS INC	$1,611,000	–	13,200	–	0.07%	–
KO	New	COCA-COLA	$1,585,000	–	37,406	–	0.07%	–
TGT	New	TARGET CORP	$1,592,000	–	27,465	–	0.07%	–
LHO	New	LASALLE HOTEL PROPERTIES	$1,588,000	–	45,000	–	0.07%	–
CAG	New	CONAGRA FOODS INC	$1,575,000	–	53,071	–	0.06%	–
TSCO	New	TRACTOR SUPPLY CO	$1,564,000	–	25,900	–	0.06%	–
SKT	New	TANGER FACTORY OUTLET CENTERS	$1,574,000	–	45,000	–	0.06%	–
HD	New	HOME DEPOT INC	$1,548,000	–	19,115	–	0.06%	–
FR	New	FIRST INDUSTRIAL REALTY TRUST	$1,507,000	–	80,000	–	0.06%	–
HT	New	HERSHA HOSPITALITY TRUST	$1,510,000	–	225,000	–	0.06%	–
APC	New	ANADARKO PETROLEUM CORP	$1,423,000	–	13,000	–	0.06%	–
KSS	New	KOHLS CORP WISC PV	$1,412,000	–	26,800	–	0.06%	–
WFC	New	WELLS FARGO & CO	$1,412,000	–	26,866	–	0.06%	–
PPL	New	PPL CORP	$1,385,000	–	38,974	–	0.06%	–
HPP	New	HUDSON PACIFIC PROPERTIES INC	$1,394,000	–	55,000	–	0.06%	–
MRO	New	MARATHON OIL CORP	$1,351,000	–	33,840	–	0.06%	–
LUMN	New	CENTURYLINK INC	$1,296,000	–	35,805	–	0.05%	–
AXP	New	AMERICAN EXPRESS	$1,281,000	–	13,500	–	0.05%	–
SJM	New	J.M. SMUCKER COM	$1,211,000	–	11,359	–	0.05%	–
SHO	New	SUNSTONE HOTEL INVESTORS INC	$1,216,000	–	81,414	–	0.05%	–
LMT	New	LOCKHEED MARTIN CORP	$1,173,000	–	7,300	–	0.05%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,159,000	–	14,075	–	0.05%	–
HCP	New	HCP INC	$1,082,000	–	26,150	–	0.04%	–
APA	New	APACHE CORP	$1,084,000	–	10,775	–	0.04%	–
VNO	New	VORNADO REALTY TRUST	$1,067,000	–	10,000	–	0.04%	–
PX	New	PRAXAIR INC	$1,040,000	–	7,830	–	0.04%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$987,000	–	11,985	–	0.04%	–
KRFT	New	KRAFT FOODS GROUP INC	$960,000	–	16,011	–	0.04%	–
CSCO	New	CISCO SYSTEMS INC	$947,000	–	38,128	–	0.04%	–
HES	New	HESS CORP	$927,000	–	9,375	–	0.04%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$879,000	–	15,000	–	0.04%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$879,000	–	46,850	–	0.04%	–
RYN	New	RAYONIER INC	$889,000	–	25,000	–	0.04%	–
PAYX	New	PAYCHEX INC	$845,000	–	20,324	–	0.04%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$840,000	–	15,705	–	0.04%	–
WGL	New	WGL HOLDINGS	$853,000	–	19,800	–	0.04%	–
MUR	New	MURPHY OIL CORP	$843,000	–	12,675	–	0.04%	–
SDRL	New	SEADRILL LTD	$847,000	–	21,200	–	0.04%	–
HRL	New	HORMEL FOODS CORP	$814,000	–	16,500	–	0.03%	–
EFA	New	ISHARES MSCI EAFE ETF	$805,000	–	11,775	–	0.03%	–
MDP	New	MEREDITH CORP	$796,000	–	16,450	–	0.03%	–
AGN	New	ALLERGAN INC	$719,000	–	4,250	–	0.03%	–
HRB	New	H&R BLOCK INC	$734,000	–	21,900	–	0.03%	–
PEG	New	PUBLIC SERVICE ENTERPRISE INC	$698,000	–	17,100	–	0.03%	–
RGCO	New	RGC RESOURCES	$678,000	–	35,116	–	0.03%	–
MPC	New	MARATHON PETROLEUM CORP	$616,000	–	7,890	–	0.03%	–
BPL	New	BUCKEYE PARTNERS L P UNIT LTD	$610,000	–	7,350	–	0.02%	–
GIS	New	GENERAL MILLS INC	$606,000	–	11,540	–	0.02%	–
CECE	New	CECO ENVIRONMENTAL CORP	$570,000	–	36,542	–	0.02%	–
DGX	New	QUEST DIAGNOSTICS	$581,000	–	9,896	–	0.02%	–
4945SC	New	KINDER MORGAN ENERGY PRTNRS	$551,000	–	6,700	–	0.02%	–
NEM	New	NEWMONT MINING CORP	$542,000	–	21,300	–	0.02%	–
TSRE	New	TRADE STREET RESIDENTIAL INC	$518,000	–	69,200	–	0.02%	–
KWR	New	QUAKER CHEMICAL	$538,000	–	7,000	–	0.02%	–
BHP	New	BHP BILLITON LTD	$534,000	–	7,800	–	0.02%	–
VTI	New	VANGUARD TOTAL STOCK MKT VIPER	$529,000	–	5,200	–	0.02%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE	$497,000	–	10,050	–	0.02%	–
AEGN	New	AEGION CORP	$504,000	–	21,650	–	0.02%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$507,000	–	16,675	–	0.02%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LL	$487,000	–	5,800	–	0.02%	–
GD	New	GENERAL DYNAMICS CORP	$481,000	–	4,125	–	0.02%	–
DGICA	New	DONEGAL GROUP INC CL A	$475,000	–	31,016	–	0.02%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$488,000	–	9,825	–	0.02%	–
LH	New	LABORATORY CORPORATION OF AMER	$466,000	–	4,550	–	0.02%	–
CELG	New	CELGENE CORP COM	$431,000	–	5,020	–	0.02%	–
BBBY	New	BED BATH AND BEYOND INC	$443,000	–	7,725	–	0.02%	–
CL	New	COLGATE PALMOLIVE CO	$434,000	–	6,362	–	0.02%	–
VXUS	New	VANGUARD TOTAL INTL STOCK ETF	$423,000	–	7,800	–	0.02%	–
AEP	New	AMERICAN ELECTRIC POWER CO	$407,000	–	7,300	–	0.02%	–
CEF	New	CENTRAL FUND OF CANADA	$400,000	–	27,500	–	0.02%	–
HIG	New	HARTFORD FINANCIAL SERVICES GR	$415,000	–	11,601	–	0.02%	–
NVS	New	NOVARTIS AG	$414,000	–	4,575	–	0.02%	–
ADM	New	ARCHER DANIELS MIDLAND	$401,000	–	9,100	–	0.02%	–
RIG	New	TRANSOCEAN LTD	$419,000	–	9,314	–	0.02%	–
VLO	New	VALERO ENERGY CORP	$421,000	–	8,400	–	0.02%	–
K	New	KELLOGG CO	$401,000	–	6,106	–	0.02%	–
DOV	New	DOVER CORP	$381,000	–	4,187	–	0.02%	–
COH	New	COACH INC	$396,000	–	11,575	–	0.02%	–
GLW	New	CORNING INC	$375,000	–	17,100	–	0.02%	–
DNP	New	DNP SELECT INCOME FUND INC	$377,000	–	35,900	–	0.02%	–
TEVA	New	TEVA PHARMACTCL INDS ADR	$393,000	–	7,500	–	0.02%	–
WPG	New	WASHINGTON PRIME GROUP INC	$343,000	–	18,316	–	0.01%	–
XEL	New	XCEL ENERGY INC	$306,000	–	9,500	–	0.01%	–
LOW	New	LOWES COMPANIES INC	$324,000	–	6,759	–	0.01%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$303,000	–	2,400	–	0.01%	–
KED	New	KAYNE ANDERSON ENERGY DEVELOPM	$291,000	–	8,500	–	0.01%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FD	$298,000	–	24,745	–	0.01%	–
BHB	New	BAR HARBOR BANKSHARES	$293,000	–	10,500	–	0.01%	–
GOOG	New	GOOGLE INC CL C	$259,000	–	450	–	0.01%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$254,000	–	3,480	–	0.01%	–
GOOGL	New	GOOGLE INC CL A	$263,000	–	450	–	0.01%	–
HSY	New	HERSHEY FOODS	$263,000	–	2,700	–	0.01%	–
NTAP	New	NETAPP INC	$259,000	–	7,100	–	0.01%	–
BAC	New	BANK OF AMERICA CORP	$274,000	–	17,824	–	0.01%	–
SE	New	SPECTRA ENERGY CORP	$234,000	–	5,500	–	0.01%	–
SO	New	SOUTHERN CO	$241,000	–	5,300	–	0.01%	–
AON	New	AON PLC	$245,000	–	2,719	–	0.01%	–
HP	New	HELMERICH & PAYNE INC	$232,000	–	2,000	–	0.01%	–
IR	New	INGERSOLL-RAND PLC	$241,000	–	3,850	–	0.01%	–
WASH	New	WASHINGTON TRUST BANCORP INC	$238,000	–	6,480	–	0.01%	–
LO	New	LORILLARD INC	$236,000	–	3,875	–	0.01%	–
BWP	New	BOARDWALK PIPELINE PARTNERS	$247,000	–	13,350	–	0.01%	–
TFX	New	TELEFLEX INC	$232,000	–	2,200	–	0.01%	–
WMT	New	WAL-MART STORES	$235,000	–	3,125	–	0.01%	–
ET	New	ENERGY TRANSFER EQUITY COM UT	$242,000	–	4,100	–	0.01%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS	$235,000	–	3,000	–	0.01%	–
ADT	New	ADT CORP	$211,000	–	6,025	–	0.01%	–
TAL	New	TAL INTERNATIONAL GROUP INC	$218,000	–	4,925	–	0.01%	–
PUK	New	PRUDENTIAL PLC - ADR	$206,000	–	4,500	–	0.01%	–
ICE	New	INTERCONTINENTAL EXCHANGE GROU	$212,000	–	1,123	–	0.01%	–
OMC	New	OMNICOM GROUP INC	$207,000	–	2,900	–	0.01%	–
SIEGY	New	SIEMENS AG	$203,000	–	1,535	–	0.01%	–
TM	New	ADR TOYOTA MOTOR CORP COM	$203,000	–	1,700	–	0.01%	–
GWW	New	GRAINGER W W INC	$203,000	–	800	–	0.01%	–
VLY	New	VALLEY NATL BANCORP COM	$99,000	–	10,000	–	0.00%	–
MUFG	New	MITSUBISHI UFJ FINANCIAL GROUP	$61,000	–	10,000	–	0.00%	–
CRV	New	COAST DISTRIBUTION SERVICES	$40,000	–	13,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
MUFG	Exit	MITSUBISHI UFJ FINANCIAL GROUP	$0	–	-10,000	–	-0.00%	–
CRV	Exit	COAST DISTRIBUTION SERVICES	$0	–	-13,000	–	-0.00%	–
ASX	Exit	ADVANCED SEMICONDUCTOR ADR	$0	–	-24,654	–	-0.01%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-11,724	–	-0.01%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-3,135	–	-0.01%	–
AON	Exit	AON PLC	$0	–	-2,719	–	-0.01%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-3,000	–	-0.01%	–
CB	Exit	CHUBB CORP	$0	–	-2,330	–	-0.01%	–
TM	Exit	ADR TOYOTA MOTOR CORP COM	$0	–	-1,700	–	-0.01%	–
GWW	Exit	GRAINGER W W INC	$0	–	-800	–	-0.01%	–
VTI	Exit	VANGUARD TOTAL STOCK MKT VIPER	$0	–	-2,400	–	-0.01%	–
WASH	Exit	WASHINGTON TRUST BANCORP INC	$0	–	-6,480	–	-0.01%	–
IFF	Exit	INT'L FLAVORS & FRAGRANCES INC	$0	–	-3,000	–	-0.01%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-7,000	–	-0.01%	–
HSY	Exit	HERSHEY FOODS	$0	–	-2,700	–	-0.01%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-2,400	–	-0.01%	–
KED	Exit	KAYNE ANDERSON ENERGY DEVELOPM	$0	–	-8,500	–	-0.01%	–
IX	Exit	ORIX CORPORATION	$0	–	-3,000	–	-0.01%	–
CELG	Exit	CELGENE CORP COM	$0	–	-1,700	–	-0.01%	–
ATW	Exit	ATWOOD OCEANICS INC	$0	–	-4,800	–	-0.01%	–
WMT	Exit	WAL-MART STORES	$0	–	-3,700	–	-0.01%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-9,500	–	-0.01%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX FD	$0	–	-24,745	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-3,775	–	-0.02%	–
TEVA	Exit	TEVA PHARMACTCL INDS ADR	$0	–	-7,850	–	-0.02%	–
HRB	Exit	H&R BLOCK INC	$0	–	-11,550	–	-0.02%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-5,000	–	-0.02%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO	$0	–	-7,200	–	-0.02%	–
VXUS	Exit	VANGUARD TOTAL INTL STOCK ETF	$0	–	-6,200	–	-0.02%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-8,810	–	-0.02%	–
EGN	Exit	ENERGEN CORP	$0	–	-4,400	–	-0.02%	–
ADM	Exit	ARCHER DANIELS MIDLAND	$0	–	-9,100	–	-0.02%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LL	$0	–	-5,860	–	-0.02%	–
EMC	Exit	EMC CORP	$0	–	-12,500	–	-0.02%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-7,200	–	-0.02%	–
DNP	Exit	DNP SELECT INCOME FUND INC	$0	–	-35,400	–	-0.02%	–
HIG	Exit	HARTFORD FINANCIAL SERVICES GR	$0	–	-11,921	–	-0.02%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-8,089	–	-0.02%	–
K	Exit	KELLOGG CO	$0	–	-6,344	–	-0.02%	–
CEF	Exit	CENTRAL FUND OF CANADA	$0	–	-26,000	–	-0.02%	–
BWP	Exit	BOARDWALK PIPELINE PARTNERS	$0	–	-12,600	–	-0.02%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-6,682	–	-0.02%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-6,250	–	-0.02%	–
WFT	Exit	WEATHERFORD INTERNATIONAL	$0	–	-27,000	–	-0.02%	–
GLW	Exit	CORNING INC	$0	–	-28,900	–	-0.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-4,925	–	-0.02%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTURE	$0	–	-9,650	–	-0.02%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-15,825	–	-0.02%	–
AGN	Exit	ALLERGAN INC	$0	–	-5,000	–	-0.02%	–
BHP	Exit	BHP BILLITON LTD	$0	–	-7,000	–	-0.02%	–
DOV	Exit	DOVER CORP	$0	–	-5,163	–	-0.02%	–
AEGN	Exit	AEGION CORP	$0	–	-20,150	–	-0.02%	–
BPL	Exit	BUCKEYE PARTNERS L P UNIT LTD	$0	–	-7,350	–	-0.02%	–
KWR	Exit	QUAKER CHEMICAL	$0	–	-7,000	–	-0.03%	–
DGICA	Exit	DONEGAL GROUP INC CL A	$0	–	-37,494	–	-0.03%	–
TD	Exit	TORONTO-DOMINION BANK	$0	–	-5,778	–	-0.03%	–
4945SC	Exit	KINDER MORGAN ENERGY PRTNRS	$0	–	-6,775	–	-0.03%	–
LH	Exit	LABORATORY CORPORATION OF AMER	$0	–	-5,550	–	-0.03%	–
MPC	Exit	MARATHON PETROLEUM CORP	$0	–	-9,080	–	-0.03%	–
TECK	Exit	TECK RESOURCES LTD CL B	$0	–	-21,800	–	-0.03%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE INC	$0	–	-17,900	–	-0.03%	–
DGX	Exit	QUEST DIAGNOSTICS	$0	–	-10,198	–	-0.03%	–
NYX	Exit	NYSE EURONEXT	$0	–	-15,100	–	-0.03%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-4,350	–	-0.03%	–
RGCO	Exit	RGC RESOURCES	$0	–	-35,216	–	-0.04%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-15,000	–	-0.04%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-11,350	–	-0.04%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-16,500	–	-0.04%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-17,000	–	-0.04%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-13,000	–	-0.04%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-11,950	–	-0.04%	–
QCOM	Exit	QUALCOMM INC	$0	–	-11,483	–	-0.04%	–
PAYX	Exit	PAYCHEX INC	$0	–	-19,350	–	-0.04%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-15,935	–	-0.04%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-17,220	–	-0.04%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-35,000	–	-0.04%	–
VV	Exit	VANGUARD LARGE-CAP ETF	$0	–	-10,735	–	-0.04%	–
MDP	Exit	MEREDITH CORP	$0	–	-17,350	–	-0.04%	–
WGL	Exit	WGL HOLDINGS	$0	–	-19,800	–	-0.04%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-36,336	–	-0.04%	–
CECE	Exit	CECO ENVIRONMENTAL CORP	$0	–	-60,468	–	-0.04%	–
RHP	Exit	RYMAN HOSPITALITY PROPERTIES	$0	–	-25,000	–	-0.04%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-16,375	–	-0.04%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC	$0	–	-13,085	–	-0.04%	–
COH	Exit	COACH INC	$0	–	-16,625	–	-0.05%	–
ADT	Exit	ADT CORP	$0	–	-22,675	–	-0.05%	–
AHT	Exit	ASHFORD HOSPITALITY TRUST	$0	–	-75,000	–	-0.05%	–
WCC	Exit	WESCO INTERNATIONAL INC	$0	–	-12,000	–	-0.05%	–
HES	Exit	HESS CORP	$0	–	-12,100	–	-0.05%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-32,600	–	-0.05%	–
SDRL	Exit	SEADRILL LTD	$0	–	-22,300	–	-0.05%	–
BAX	Exit	BAXTER INT'L	$0	–	-15,220	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-8,285	–	-0.05%	–
HCP	Exit	HCP INC	$0	–	-25,100	–	-0.05%	–
EQY	Exit	EQUITY ONE INC	$0	–	-50,000	–	-0.06%	–
PKI	Exit	PERKINELMER INC	$0	–	-29,000	–	-0.06%	–
R108	Exit	ENERGIZER HOLDINGS INC	$0	–	-12,000	–	-0.06%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,800	–	-0.06%	–
AXP	Exit	AMERICAN EXPRESS	$0	–	-14,700	–	-0.06%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-14,470	–	-0.06%	–
VLY	Exit	VALLEY NATL BANCORP COM	$0	–	-115,000	–	-0.06%	–
SJM	Exit	J.M. SMUCKER COM	$0	–	-11,359	–	-0.06%	–
WLK	Exit	WESTLAKE CHEMICAL CORP	$0	–	-11,650	–	-0.06%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-36,030	–	-0.06%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-225,000	–	-0.06%	–
AVB	Exit	AVALON BAY COMMUNITIES INC	$0	–	-10,000	–	-0.07%	–
LHO	Exit	LASALLE HOTEL PROPERTIES	$0	–	-45,000	–	-0.07%	–
KO	Exit	COCA-COLA	$0	–	-34,106	–	-0.07%	–
FRC	Exit	FIRST REPUBLIC BANK/CA	$0	–	-28,000	–	-0.07%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-31,125	–	-0.07%	–
PPS	Exit	POST PROPERTIES INC	$0	–	-30,000	–	-0.07%	–
EDR	Exit	EDUCATION REALTY TRUST INC	$0	–	-150,000	–	-0.07%	–
RYN	Exit	RAYONIER INC	$0	–	-25,000	–	-0.07%	–
KSS	Exit	KOHLS CORP WISC PV	$0	–	-27,300	–	-0.07%	–
CNI	Exit	CANADIAN NATIONAL RAILWAY CO C	$0	–	-13,900	–	-0.07%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-46,640	–	-0.08%	–
EWBC	Exit	EAST WEST BANCORP INC	$0	–	-46,000	–	-0.08%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-47,159	–	-0.08%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS	$0	–	-50,000	–	-0.08%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-30,600	–	-0.08%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-16,400	–	-0.08%	–
PPL	Exit	PPL CORP	$0	–	-50,494	–	-0.08%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-14,500	–	-0.08%	–
APA	Exit	APACHE CORP	$0	–	-18,400	–	-0.08%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-85,025	–	-0.08%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-24,601	–	-0.08%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-58,250	–	-0.08%	–
MAR	Exit	MARRIOTT INTERNATIONAL INC CL	$0	–	-40,000	–	-0.09%	–
SHO	Exit	SUNSTONE HOTEL INVESTORS INC	$0	–	-131,414	–	-0.09%	–
NJR	Exit	NEW JERSEY RESOURCES	$0	–	-38,250	–	-0.09%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-8,030	–	-0.09%	–
FRT	Exit	FEDERAL REALTY INV. TRUST	$0	–	-17,500	–	-0.09%	–
NE	Exit	NOBLE CORP	$0	–	-48,030	–	-0.09%	–
GRT	Exit	GLIMCHER REALTY	$0	–	-185,000	–	-0.09%	–
BDN	Exit	BRANDYWINE REALTY TRUST SBI	$0	–	-137,200	–	-0.09%	–
DFT	Exit	DUPONT FABROS TECHNOLOGY	$0	–	-72,000	–	-0.10%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-24,701	–	-0.10%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-20,025	–	-0.10%	–
FXI	Exit	ISHARES CHINA LARGE CAP ETF	$0	–	-51,500	–	-0.10%	–
HD	Exit	HOME DEPOT INC	$0	–	-25,422	–	-0.10%	–
SKT	Exit	TANGER FACTORY OUTLET CENTERS	$0	–	-60,000	–	-0.10%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-32,400	–	-0.10%	–
DDR	Exit	DDR CORP	$0	–	-126,264	–	-0.10%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-62,700	–	-0.10%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-39,775	–	-0.10%	–
AFL	Exit	AFLAC INC	$0	–	-32,575	–	-0.10%	–
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-27,000	–	-0.11%	–
MKC	Exit	McCORMICK & CO INC NON VTG	$0	–	-31,800	–	-0.11%	–
FR	Exit	FIRST INDUSTRIAL REALTY TRUST	$0	–	-130,000	–	-0.11%	–
MOS	Exit	THE MOSAIC CO	$0	–	-49,100	–	-0.11%	–
AKR	Exit	ACADIA REALTY TRUST	$0	–	-87,500	–	-0.11%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-40,200	–	-0.11%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-32,400	–	-0.11%	–
GGP	Exit	GENERAL GROWTH PROPERTIES	$0	–	-115,000	–	-0.12%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-67,605	–	-0.12%	–
CUBE	Exit	CUBE SMART	$0	–	-140,000	–	-0.13%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUITIE	$0	–	-40,250	–	-0.13%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-76,560	–	-0.14%	–
MAC	Exit	MACERICH CO	$0	–	-46,832	–	-0.14%	–
PNR	Exit	PENTAIR INC	$0	–	-41,014	–	-0.14%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-3,067	–	-0.14%	–
A309PS	Exit	DIRECTV GROUP INC	$0	–	-45,795	–	-0.14%	–
VTR	Exit	VENTAS INC	$0	–	-44,933	–	-0.14%	–
TRV	Exit	THE TRAVELERS COMPANIES INC	$0	–	-32,484	–	-0.14%	–
UDR	Exit	UDR INC	$0	–	-117,077	–	-0.14%	–
DVN	Exit	DEVON ENERGY CORP	$0	–	-48,351	–	-0.14%	–
CPB	Exit	CAMPBELL SOUP	$0	–	-70,300	–	-0.15%	–
ARG	Exit	AIRGAS INC	$0	–	-27,300	–	-0.15%	–
RTN	Exit	RAYTHEON	$0	–	-37,726	–	-0.15%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL IN	$0	–	-34,235	–	-0.15%	–
AGU	Exit	AGRIUM INC	$0	–	-37,350	–	-0.16%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-38,960	–	-0.16%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES IN	$0	–	-93,100	–	-0.16%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-36,014	–	-0.16%	–
HRS	Exit	HARRIS CORP	$0	–	-54,950	–	-0.17%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-28,930	–	-0.17%	–
TMK	Exit	TORCHMARK CORP	$0	–	-45,475	–	-0.17%	–
D	Exit	DOMINION RESOURCES INC VA	$0	–	-53,145	–	-0.17%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-87,300	–	-0.17%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-141,900	–	-0.17%	–
PH	Exit	PARKER-HANNIFIN	$0	–	-30,675	–	-0.17%	–
USB	Exit	U.S. BANCORP	$0	–	-94,645	–	-0.18%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-99,966	–	-0.18%	–
SWK	Exit	STANLEY BLACK DECKER INC	$0	–	-39,010	–	-0.18%	–
EGP	Exit	EASTGROUP PROPERTIES SBI	$0	–	-60,000	–	-0.18%	–
DUK	Exit	DUKE ENERGY CO	$0	–	-53,697	–	-0.19%	–
SYY	Exit	SYSCO CORP	$0	–	-112,800	–	-0.19%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-58,773	–	-0.19%	–
NTAP	Exit	NETAPP INC	$0	–	-85,325	–	-0.19%	–
UGI	Exit	UGI CORP	$0	–	-97,650	–	-0.20%	–
PFE	Exit	PFIZER INC	$0	–	-134,439	–	-0.20%	–
LYB	Exit	LYONDELL BASELL INDUSTRIES - C	$0	–	-53,283	–	-0.20%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS	$0	–	-179,565	–	-0.21%	–
WDFC	Exit	WD-40 CO	$0	–	-61,950	–	-0.21%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP VA	$0	–	-59,390	–	-0.21%	–
FMBI	Exit	FIRST MIDWEST BANCORP INC	$0	–	-272,275	–	-0.21%	–
PNY	Exit	PIEDMONT NATURAL GAS	$0	–	-125,686	–	-0.21%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS	$0	–	-103,693	–	-0.22%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-52,380	–	-0.22%	–
DD	Exit	DU PONT EI DE NEMOURS	$0	–	-72,233	–	-0.22%	–
HCN	Exit	HEALTH CARE REIT	$0	–	-67,950	–	-0.22%	–
TGT	Exit	TARGET CORP	$0	–	-66,575	–	-0.22%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-105,339	–	-0.23%	–
INTC	Exit	INTEL CORP	$0	–	-191,534	–	-0.23%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-260,925	–	-0.23%	–
WLL	Exit	WHITING PETROLEUM CORP	$0	–	-74,245	–	-0.23%	–
MRK	Exit	MERCK & CO INC/NJ	$0	–	-93,017	–	-0.23%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-54,725	–	-0.23%	–
FDO	Exit	FAMILY DOLLAR STORES	$0	–	-63,600	–	-0.24%	–
M	Exit	MACY'S INC	$0	–	-107,550	–	-0.24%	–
CSX	Exit	CSX CORP	$0	–	-180,847	–	-0.24%	–
EEM	Exit	ISHARES MSCI EMERGING MKTS FD	$0	–	-115,875	–	-0.24%	–
WPC	Exit	W P CAREY INC	$0	–	-75,195	–	-0.25%	–
BBBY	Exit	BED BATH AND BEYOND INC	$0	–	-63,605	–	-0.26%	–
T	Exit	A T & T INC	$0	–	-145,838	–	-0.26%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-107,860	–	-0.26%	–
DEO	Exit	DIAGEO PLC ADR	$0	–	-39,836	–	-0.26%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-51,440	–	-0.27%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-67,600	–	-0.27%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-70,063	–	-0.28%	–
MET	Exit	METLIFE INC	$0	–	-115,531	–	-0.28%	–
EPP	Exit	ISHARES MSCI PACIFIC EX JAPAN	$0	–	-114,100	–	-0.28%	–
LLY	Exit	ELI LILLY CO	$0	–	-108,774	–	-0.28%	–
HAL	Exit	HALLIBURTON CO	$0	–	-113,715	–	-0.28%	–
MYL	Exit	MYLAN INC	$0	–	-145,510	–	-0.29%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-61,825	–	-0.30%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-158,775	–	-0.30%	–
AMGN	Exit	AMGEN INC	$0	–	-51,701	–	-0.30%	–
FISV	Exit	FISERV INC	$0	–	-57,745	–	-0.30%	–
AWK	Exit	AMERICAN WATER WORKS CO INC	$0	–	-142,135	–	-0.30%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-182,402	–	-0.31%	–
PEP	Exit	PEPSICO INC	$0	–	-77,414	–	-0.32%	–
TTE	Exit	TOTAL SA SPON ADR	$0	–	-107,410	–	-0.32%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-193,478	–	-0.33%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-331,025	–	-0.35%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-94,375	–	-0.35%	–
RPM	Exit	RPM INC	$0	–	-188,448	–	-0.35%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-44,200	–	-0.36%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-139,175	–	-0.38%	–
ESV	Exit	ENSCO PLC - CL A	$0	–	-141,155	–	-0.39%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-136,840	–	-0.40%	–
PSX	Exit	PHILLIPS 66	$0	–	-135,887	–	-0.41%	–
PRU	Exit	PRUDENTIAL FINANCIAL	$0	–	-103,065	–	-0.42%	–
AAPL	Exit	APPLE INC	$0	–	-16,862	–	-0.42%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-125,348	–	-0.42%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-157,246	–	-0.42%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-213,781	–	-0.43%	–
DE	Exit	DEERE & CO	$0	–	-101,600	–	-0.43%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-178,700	–	-0.43%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-139,600	–	-0.44%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-102,787	–	-0.44%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-94,120	–	-0.44%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL	$0	–	-113,525	–	-0.45%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-94,694	–	-0.46%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GOLD	$0	–	-270,619	–	-0.46%	–
CAT	Exit	CATERPILLAR INC	$0	–	-108,416	–	-0.47%	–
CVX	Exit	CHEVRON CORP	$0	–	-74,827	–	-0.47%	–
NVO	Exit	NOVO-NORDISK ADR	$0	–	-54,350	–	-0.48%	–
ABBV	Exit	ABBVIE INC	$0	–	-206,178	–	-0.48%	–
MCD	Exit	McDONALDS CORP	$0	–	-97,193	–	-0.48%	–
MMM	Exit	3M COMPANY	$0	–	-79,033	–	-0.49%	–
GBCI	Exit	GLACIER BANCORP INC	$0	–	-381,750	–	-0.49%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-56,400	–	-0.49%	–
JNY	Exit	THE JONES GRP INC	$0	–	-627,715	–	-0.49%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-87,871	–	-0.49%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-236,246	–	-0.50%	–
RFMD	Exit	RF MICRO DEVICES	$0	–	-1,806,110	–	-0.53%	–
UBSI	Exit	UNITED BANKSHARES	$0	–	-352,575	–	-0.53%	–
POR	Exit	PORTLAND GENERAL ELECTRIC CO	$0	–	-365,075	–	-0.53%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-222,768	–	-0.54%	–
SPNV	Exit	SUPERIOR ENERGY SERVICES	$0	–	-419,058	–	-0.54%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-412,555	–	-0.55%	–
UNS	Exit	UNS ENERGY CORP	$0	–	-226,350	–	-0.55%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-128,042	–	-0.58%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-130,988	–	-0.58%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-339,760	–	-0.59%	–
GNRC	Exit	GENERAC HOLDINGS INC	$0	–	-269,000	–	-0.60%	–
ON	Exit	ON SEMICONDUCTOR CORPORATION	$0	–	-1,581,805	–	-0.60%	–
VFC	Exit	V F CORP	$0	–	-58,086	–	-0.60%	–
DFODQ	Exit	DEAN FOODS CO	$0	–	-602,410	–	-0.60%	–
UMPQ	Exit	UMPQUA HOLDINGS CORP	$0	–	-716,896	–	-0.60%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-124,439	–	-0.61%	–
IBKC	Exit	IBERIABANK CORP	$0	–	-226,705	–	-0.61%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-171,121	–	-0.62%	–
MBFI	Exit	MB FINANCIAL INC	$0	–	-428,525	–	-0.63%	–
AVA	Exit	AVISTA CORP	$0	–	-458,086	–	-0.63%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-82,251	–	-0.63%	–
ACN	Exit	ACCENTURE PLC - CL A	$0	–	-165,745	–	-0.63%	–
NWBI	Exit	NORTHWEST BANCSHARES INC	$0	–	-927,426	–	-0.64%	–
SIGI	Exit	SELECTIVE INSURANCE	$0	–	-507,475	–	-0.64%	–
AAN	Exit	AARON'S INC	$0	–	-451,350	–	-0.65%	–
TRN	Exit	TRINITY INDUSTRIES	$0	–	-281,130	–	-0.66%	–
NTCT	Exit	NETSCOUT SYSTEMS INC	$0	–	-502,425	–	-0.66%	–
EE	Exit	EL PASO ELECTRIC CO	$0	–	-388,031	–	-0.67%	–
CACI	Exit	CACI INTERNATIONAL INC - CL A	$0	–	-191,900	–	-0.69%	–
WTFC	Exit	WINTRUST FINANCIAL CORP	$0	–	-323,525	–	-0.69%	–
IBM	Exit	INT'L BUSINESS MACHINES CORP	$0	–	-72,262	–	-0.69%	–
CBU	Exit	COMMUNITY BANK SYSTEMS INC	$0	–	-393,385	–	-0.70%	–
KOG	Exit	KODIAK OIL & GAS CORP	$0	–	-1,166,640	–	-0.73%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-133,671	–	-0.74%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-271,225	–	-0.74%	–
HME	Exit	HOME PROPERTIES OF NEW YORK	$0	–	-248,725	–	-0.74%	–
ETN	Exit	EATON CORP PLC	$0	–	-209,470	–	-0.75%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-604,432	–	-0.75%	–
ANN	Exit	ANN INC	$0	–	-411,248	–	-0.77%	–
SWX	Exit	SOUTHWEST GAS CORP	$0	–	-301,335	–	-0.78%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-405,910	–	-0.78%	–
CATM	Exit	CARDTRONICS INC	$0	–	-428,605	–	-0.82%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-432,875	–	-0.83%	–
BCEI	Exit	BONANZA CREEK ENERGY INC	$0	–	-332,290	–	-0.83%	–
EAT	Exit	BRINKER INTERNATIONAL INC	$0	–	-396,855	–	-0.83%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-474,114	–	-0.87%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-1,420,430	–	-0.90%	–
OSK	Exit	OSHKOSH TRUCK CORP	$0	–	-363,750	–	-0.92%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-195,200	–	-0.92%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-221,875	–	-1.02%	–
SLGN	Exit	SILGAN HOLDINGS INC	$0	–	-419,925	–	-1.02%	–
EPAC	Exit	ACTUANT CORP - CL A	$0	–	-525,275	–	-1.06%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-554,070	–	-1.07%	–
CR	Exit	CRANE CO	$0	–	-339,725	–	-1.09%	–
CAB	Exit	CABELA'S INC	$0	–	-336,942	–	-1.10%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-236,050	–	-1.12%	–
PTC	Exit	PTC INC	$0	–	-763,155	–	-1.13%	–
SIVB	Exit	SVB FINANCIAL GROUP	$0	–	-259,050	–	-1.16%	–
MOGA	Exit	MOOG INC	$0	–	-382,500	–	-1.16%	–
AXE	Exit	ANIXTER INTERNATIONAL	$0	–	-262,925	–	-1.20%	–
CASY	Exit	CASEYS GENERAL STORES INC	$0	–	-325,700	–	-1.24%	–
JAH	Exit	JARDEN CORPORATION	$0	–	-497,327	–	-1.25%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-635,000	–	-1.36%	–
POL	Exit	POLYONE CORP	$0	–	-874,940	–	-1.39%	–
MTZ	Exit	MASTEC INCORPORATED	$0	–	-899,380	–	-1.41%	–
PRXL	Exit	PAREXEL INTERNATIONAL	$0	–	-572,630	–	-1.49%	–
BDC	Exit	BELDEN CDT INC	$0	–	-466,700	–	-1.55%	–
AMG	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-166,965	–	-1.58%	–
CBI	Exit	CHICAGO BRIDGE AND IRON COMPAN	$0	–	-455,200	–	-1.60%	–
URI	Exit	UNITED RENTALS	$0	–	-532,051	–	-1.61%	–
ENS	Exit	ENERSYS	$0	–	-521,775	–	-1.64%	–

Q3 2013

			Value		Shares		↓ Weighting
ENS	Buy	ENERSYS	$31,635,000	+24.2%	521,775	+0.4%	1.64%	+11.0%
URI	Buy	UNITED RENTALS	$31,013,000	+30.5%	532,051	+11.7%	1.61%	+16.7%
CBI	Buy	CHICAGO BRIDGE AND IRON COMPAN	$30,849,000	+19.1%	455,200	+4.9%	1.60%	+6.5%
AMG	Buy	AFFILIATED MANAGERS GROUP INC	$30,494,000	+13.8%	166,965	+2.1%	1.58%	+1.7%
BDC	Buy	BELDEN CDT INC	$29,892,000	+28.9%	466,700	+0.5%	1.55%	+15.2%
PRXL	Buy	PAREXEL INTERNATIONAL	$28,746,000	+9.7%	572,630	+0.5%	1.49%	-1.9%
MTZ	Buy	MASTEC INCORPORATED	$27,251,000	-7.5%	899,380	+0.5%	1.41%	-17.2%
POL	Buy	POLYONE CORP	$26,869,000	+24.5%	874,940	+0.5%	1.39%	+11.4%
WST	Buy	WEST PHARMACEUTICAL SERVICES	$26,130,000	+17.7%	635,000	+100.9%	1.36%	+5.2%
JAH	Buy	JARDEN CORPORATION	$24,071,000	+11.2%	497,327	+0.5%	1.25%	-0.6%
CASY	Buy	CASEYS GENERAL STORES INC	$23,903,000	+22.5%	325,700	+0.4%	1.24%	+9.5%
AXE	Buy	ANIXTER INTERNATIONAL	$23,048,000	+16.2%	262,925	+0.5%	1.20%	+3.9%
MOGA	Buy	MOOG INC	$22,441,000	+14.3%	382,500	+0.4%	1.16%	+2.3%
SIVB	Buy	SVB FINANCIAL GROUP	$22,374,000	+4.1%	259,050	+0.4%	1.16%	-6.9%
PTC	Buy	PTC INC	$21,719,000	+16.5%	763,155	+0.4%	1.13%	+4.2%
SBNY	Buy	SIGNATURE BANK	$21,603,000	+10.7%	236,050	+0.4%	1.12%	-1.0%
CAB	Buy	CABELA'S INC	$21,237,000	-2.2%	336,942	+0.4%	1.10%	-12.6%
CR	Buy	CRANE CO	$20,951,000	+3.4%	339,725	+0.5%	1.09%	-7.6%
COG	Buy	CABOT OIL & GAS CORP	$20,678,000	+5.6%	554,070	+100.9%	1.07%	-5.6%
EPAC	Buy	ACTUANT CORP - CL A	$20,402,000	+18.3%	525,275	+0.4%	1.06%	+5.8%
SLGN	Buy	SILGAN HOLDINGS INC	$19,736,000	+0.5%	419,925	+0.5%	1.02%	-10.1%
SLG	Buy	SL GREEN REALTY CORP	$19,711,000	+1.1%	221,875	+0.4%	1.02%	-9.6%
UPS	Buy	UNITED PARCEL SERVICE INC	$17,835,000	+82.4%	195,200	+72.7%	0.92%	+63.1%
OSK	Buy	OSHKOSH TRUCK CORP	$17,816,000	+29.6%	363,750	+0.5%	0.92%	+15.9%
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$17,287,000	-14.7%	1,420,430	+0.4%	0.90%	-23.7%
HIW	Buy	HIGHWOODS PROPERTIES INC	$16,741,000	-0.5%	474,114	+0.4%	0.87%	-11.0%
EAT	Buy	BRINKER INTERNATIONAL INC	$16,085,000	+3.3%	396,855	+0.5%	0.83%	-7.6%
BCEI	Buy	BONANZA CREEK ENERGY INC	$16,036,000	+50.9%	332,290	+10.9%	0.83%	+34.9%
BECN	Buy	BEACON ROOFING SUPPLY INC	$15,960,000	-2.2%	432,875	+0.4%	0.83%	-12.6%
CATM	Buy	CARDTRONICS INC	$15,906,000	+35.1%	428,605	+0.5%	0.82%	+20.8%
CRZO	Buy	CARRIZO OIL & GAS INC	$15,136,000	+32.2%	405,910	+0.5%	0.78%	+18.2%
SWX	Buy	SOUTHWEST GAS CORP	$15,067,000	+7.3%	301,335	+0.4%	0.78%	-4.1%
ANN	Buy	ANN INC	$14,895,000	+9.6%	411,248	+0.4%	0.77%	-2.0%
GE	Buy	GENERAL ELECTRIC	$14,440,000	+10.5%	604,432	+7.3%	0.75%	-1.2%
ETN	Buy	EATON CORP PLC	$14,420,000	+9.5%	209,470	+4.7%	0.75%	-2.1%
HME	Buy	HOME PROPERTIES OF NEW YORK	$14,364,000	-11.3%	248,725	+0.4%	0.74%	-20.7%
SLH	Buy	SOLERA HOLDINGS INC	$14,340,000	-4.6%	271,225	+0.5%	0.74%	-14.6%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$14,245,000	+5.4%	133,671	-9.4%	0.74%	-5.6%
KOG	Buy	KODIAK OIL & GAS CORP	$14,070,000	+36.2%	1,166,640	+0.4%	0.73%	+21.9%
CBU	Buy	COMMUNITY BANK SYSTEMS INC	$13,422,000	+31.8%	393,385	+19.2%	0.70%	+18.0%
IBM	Buy	INT'L BUSINESS MACHINES CORP	$13,381,000	+8.5%	72,262	+11.9%	0.69%	-2.9%
WTFC	Buy	WINTRUST FINANCIAL CORP	$13,287,000	+24.0%	323,525	+15.5%	0.69%	+11.0%
CACI	Buy	CACI INTERNATIONAL INC - CL A	$13,262,000	+9.4%	191,900	+0.5%	0.69%	-2.1%
EE	Buy	EL PASO ELECTRIC CO	$12,960,000	-5.0%	388,031	+0.5%	0.67%	-15.0%
NTCT	Buy	NETSCOUT SYSTEMS INC	$12,827,000	+37.4%	502,425	+25.6%	0.66%	+22.9%
TRN	Buy	TRINITY INDUSTRIES	$12,749,000	+1342.2%	281,130	+1122.3%	0.66%	+1196.1%
AAN	Buy	AARON'S INC	$12,502,000	-0.6%	451,350	+0.5%	0.65%	-11.2%
SIGI	Buy	SELECTIVE INSURANCE	$12,433,000	+6.9%	507,475	+0.5%	0.64%	-4.3%
NWBI	Buy	NORTHWEST BANCSHARES INC	$12,251,000	-1.8%	927,426	+0.5%	0.64%	-12.2%
ACN	Buy	ACCENTURE PLC - CL A	$12,205,000	+5.2%	165,745	+2.8%	0.63%	-5.9%
SPG	Buy	SIMON PROPERTY GROUP INC	$12,192,000	+72.3%	82,251	+83.5%	0.63%	+54.1%
MBFI	Buy	MB FINANCIAL INC	$12,089,000	+5.7%	428,525	+0.5%	0.63%	-5.4%
AVA	Buy	AVISTA CORP	$12,093,000	-1.9%	458,086	+0.5%	0.63%	-12.2%
COP	Buy	CONOCOPHILLIPS	$11,895,000	+39.5%	171,121	+21.4%	0.62%	+24.9%
IBKC	Buy	IBERIABANK CORP	$11,768,000	+31.0%	226,705	+35.3%	0.61%	+17.1%
KMB	Buy	KIMBERLY-CLARK CORP	$11,725,000	+4.3%	124,439	+7.5%	0.61%	-6.7%
DFODQ	New	DEAN FOODS CO	$11,627,000	–	602,410	–	0.60%	–
UMPQ	Buy	UMPQUA HOLDINGS CORP	$11,628,000	+8.5%	716,896	+0.4%	0.60%	-2.9%
ON	Buy	ON SEMICONDUCTOR CORPORATION	$11,561,000	-9.1%	1,581,805	+0.4%	0.60%	-18.8%
VFC	Buy	V F CORP	$11,562,000	+9.8%	58,086	+6.5%	0.60%	-1.8%
GNRC	New	GENERAC HOLDINGS INC	$11,470,000	–	269,000	–	0.60%	–
MSFT	Sell	MICROSOFT CORP	$11,307,000	-15.7%	339,760	-12.5%	0.59%	-24.7%
XOM	Buy	EXXON MOBIL CORPORATION	$11,270,000	-1.6%	130,988	+3.4%	0.58%	-12.0%
JNJ	Buy	JOHNSON & JOHNSON	$11,100,000	+3.9%	128,042	+2.9%	0.58%	-7.1%
UNS	Buy	UNS ENERGY CORP	$10,552,000	+4.7%	226,350	+0.5%	0.55%	-6.3%
WBS	Buy	WEBSTER FINANCIAL CORP	$10,533,000	-0.1%	412,555	+0.5%	0.55%	-10.6%
SPNV	Buy	SUPERIOR ENERGY SERVICES	$10,493,000	-2.9%	419,058	+0.6%	0.54%	-13.1%
BMY	Buy	BRISTOL-MYERS SQUIBB	$10,310,000	+8.3%	222,768	+4.6%	0.54%	-3.1%
POR	Buy	PORTLAND GENERAL ELECTRIC CO	$10,306,000	-7.3%	365,075	+0.4%	0.53%	-17.2%
UBSI	Buy	UNITED BANKSHARES	$10,218,000	+10.1%	352,575	+0.4%	0.53%	-1.5%
RFMD	Buy	RF MICRO DEVICES	$10,186,000	+6.0%	1,806,110	+0.5%	0.53%	-5.2%
WM	Buy	WASTE MANAGEMENT INC	$9,743,000	+10.2%	236,246	+7.8%	0.50%	-1.6%
UTX	Buy	UNITED TECHNOLOGIES CORP	$9,474,000	+25.0%	87,871	+7.7%	0.49%	+11.6%
JNY	Buy	THE JONES GRP INC	$9,422,000	+9.6%	627,715	+0.4%	0.49%	-1.8%
MMM	Sell	3M COMPANY	$9,437,000	+6.0%	79,033	-2.9%	0.49%	-5.2%
PPG	Sell	PPG INDUSTRIES INC	$9,422,000	+9.6%	56,400	-3.9%	0.49%	-1.8%
GBCI	Buy	GLACIER BANCORP INC	$9,422,000	+11.7%	381,750	+0.5%	0.49%	0.0%
MCD	Buy	McDONALDS CORP	$9,351,000	+8.6%	97,193	+11.7%	0.48%	-2.8%
ABBV	Buy	ABBVIE INC	$9,222,000	+17.2%	206,178	+8.4%	0.48%	+4.8%
NVO	Buy	NOVO-NORDISK ADR	$9,197,000	+11.0%	54,350	+1.7%	0.48%	-0.6%
CVX	Buy	CHEVRON CORP	$9,091,000	+10.9%	74,827	+8.0%	0.47%	-0.8%
CAT	Buy	CATERPILLAR INC	$9,042,000	+20.2%	108,416	+18.9%	0.47%	+7.6%
FCX	Buy	FREEPORT-MCMORAN COPPER & GOLD	$8,952,000	+46.7%	270,619	+22.4%	0.46%	+31.1%
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$8,858,000	+33.9%	94,694	+27.7%	0.46%	+19.5%
CMP	Buy	COMPASS MINERALS INTERNATIONAL	$8,659,000	-9.3%	113,525	+0.5%	0.45%	-19.0%
AMP	Sell	AMERIPRISE FINANCIAL INC	$8,572,000	+11.0%	94,120	-1.4%	0.44%	-0.9%
HON	Buy	HONEYWELL INTL INC	$8,535,000	+25.8%	102,787	+20.2%	0.44%	+12.7%
CHD	Buy	CHURCH & DWIGHT INC	$8,383,000	-2.0%	139,600	+0.7%	0.44%	-12.3%
VZ	Buy	VERIZON COMMUNICATIONS	$8,341,000	-1.5%	178,700	+6.2%	0.43%	-12.0%
DE	Buy	DEERE & CO	$8,269,000	+11.2%	101,600	+11.0%	0.43%	-0.5%
DOW	Buy	DOW CHEMICAL CO	$8,209,000	+59.5%	213,781	+33.6%	0.43%	+43.0%
JPM	Buy	JPMORGAN CHASE & CO.	$8,128,000	-1.1%	157,246	+1.1%	0.42%	-11.6%
EMR	Buy	EMERSON ELECTRIC	$8,110,000	+20.3%	125,348	+1.4%	0.42%	+7.4%
AAPL	Buy	APPLE INC	$8,039,000	+56.6%	16,862	+30.2%	0.42%	+39.9%
PRU	Buy	PRUDENTIAL FINANCIAL	$8,037,000	+18.2%	103,065	+10.7%	0.42%	+5.8%
PSX	Buy	PHILLIPS 66	$7,857,000	+15.0%	135,887	+17.1%	0.41%	+2.8%
CVS	Buy	CVS CAREMARK CORP	$7,766,000	+7.8%	136,840	+8.7%	0.40%	-3.6%
ESV	Buy	ENSCO PLC - CL A	$7,587,000	+13.3%	141,155	+22.5%	0.39%	+1.3%
DLR	Buy	DIGITAL REALTY TRUST INC	$7,390,000	+9.8%	139,175	+26.1%	0.38%	-1.8%
UNP	Sell	UNION PACIFIC CORP	$6,866,000	-1.0%	44,200	-1.7%	0.36%	-11.4%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$6,837,000	+9.6%	94,375	+10.3%	0.35%	-2.2%
RPM	Buy	RPM INC	$6,822,000	+14.6%	188,448	+1.1%	0.35%	+2.6%
KIM	Sell	KIMCO REALTY CORP	$6,680,000	-19.5%	331,025	-14.5%	0.35%	-28.1%
ORCL	Buy	ORACLE CORPORATION	$6,418,000	+18.5%	193,478	+9.7%	0.33%	+6.1%
TTE	Sell	TOTAL SA SPON ADR	$6,221,000	+3.9%	107,410	-12.6%	0.32%	-6.9%
PEP	Buy	PEPSICO INC	$6,154,000	+4.6%	77,414	+7.6%	0.32%	-6.5%
ABT	Buy	ABBOTT LABORATORIES	$6,054,000	+3.6%	182,402	+8.9%	0.31%	-7.4%
AWK	Buy	AMERICAN WATER WORKS CO INC	$5,867,000	+0.5%	142,135	+0.4%	0.30%	-10.3%
FISV	Buy	FISERV INC	$5,835,000	+26.8%	57,745	+9.7%	0.30%	+13.5%
AMGN	Buy	AMGEN INC	$5,787,000	+20.2%	51,701	+6.0%	0.30%	+7.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$5,697,000	-23.2%	61,825	-29.5%	0.30%	-31.4%
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$5,692,000	-3.8%	158,775	+4.4%	0.30%	-14.0%
MYL	Buy	MYLAN INC	$5,554,000	+35.1%	145,510	+9.8%	0.29%	+21.0%
LLY	Buy	ELI LILLY CO	$5,475,000	+3.3%	108,774	+0.8%	0.28%	-7.5%
HAL	Buy	HALLIBURTON CO	$5,475,000	+40.9%	113,715	+22.1%	0.28%	+26.2%
EPP	Buy	ISHARES MSCI PACIFIC EX JAPAN	$5,437,000	+27.1%	114,100	+14.8%	0.28%	+13.7%
MET	Buy	METLIFE INC	$5,424,000	+12.7%	115,531	+9.8%	0.28%	+0.7%
PG	Buy	PROCTER & GAMBLE	$5,296,000	-1.2%	70,063	+0.6%	0.28%	-11.6%
NSC	Buy	NORFOLK SOUTHERN CORP	$5,229,000	+17.0%	67,600	+9.9%	0.27%	+4.6%
BDX	Buy	BECTON DICKINSON & CO	$5,145,000	+8.8%	51,440	+7.5%	0.27%	-2.6%
DEO	Buy	DIAGEO PLC ADR	$5,062,000	+16.8%	39,836	+5.6%	0.26%	+4.4%
DRI	Buy	DARDEN RESTAURANTS INC	$4,993,000	-1.2%	107,860	+7.7%	0.26%	-11.6%
T	Buy	A T & T INC	$4,932,000	+6.4%	145,838	+11.4%	0.26%	-4.8%
BBBY	Sell	BED BATH AND BEYOND INC	$4,920,000	-7.2%	63,605	-14.9%	0.26%	-16.9%
WPC	Buy	W P CAREY INC	$4,865,000	+4.6%	75,195	+7.0%	0.25%	-6.7%
EEM	Buy	ISHARES MSCI EMERGING MKTS FD	$4,722,000	+65.6%	115,875	+56.4%	0.24%	+48.5%
CSX	Buy	CSX CORP	$4,655,000	+28.2%	180,847	+15.5%	0.24%	+14.8%
M	Buy	MACY'S INC	$4,654,000	-1.7%	107,550	+9.1%	0.24%	-12.0%
FDO	Buy	FAMILY DOLLAR STORES	$4,580,000	+38.3%	63,600	+19.7%	0.24%	+23.4%
ZBH	Buy	ZIMMER HOLDINGS INC	$4,495,000	+15.4%	54,725	+5.3%	0.23%	+3.1%
MRK	Buy	MERCK & CO INC/NJ	$4,428,000	+52.6%	93,017	+48.9%	0.23%	+36.9%
WLL	Buy	WHITING PETROLEUM CORP	$4,444,000	+41.8%	74,245	+9.2%	0.23%	+26.4%
INTC	Buy	INTEL CORP	$4,390,000	+33.6%	191,534	+41.2%	0.23%	+19.4%
F	Buy	FORD MOTOR COMPANY	$4,402,000	+40.6%	260,925	+29.0%	0.23%	+26.0%
WFC	Buy	WELLS FARGO & CO	$4,353,000	+7.9%	105,339	+7.7%	0.23%	-3.4%
TGT	Buy	TARGET CORP	$4,259,000	+3.2%	66,575	+11.1%	0.22%	-7.5%
HCN	Buy	HEALTH CARE REIT	$4,239,000	-4.1%	67,950	+3.0%	0.22%	-14.1%
DD	Buy	DU PONT EI DE NEMOURS	$4,230,000	+27.2%	72,233	+14.1%	0.22%	+13.5%
NEE	Buy	NEXTERA ENERGY INC	$4,199,000	+2.6%	52,380	+4.3%	0.22%	-8.0%
VWO	Buy	VANGUARD FTSE EMERGING MARKETS	$4,162,000	+124.5%	103,693	+116.9%	0.22%	+101.9%
PNY	Sell	PIEDMONT NATURAL GAS	$4,133,000	-4.8%	125,686	-2.3%	0.21%	-15.1%
FMBI	Buy	FIRST MIDWEST BANCORP INC	$4,106,000	+10.9%	272,275	+0.8%	0.21%	-0.9%
COF	Buy	CAPITAL ONE FINANCIAL CORP VA	$4,082,000	+20.0%	59,390	+9.6%	0.21%	+7.6%
WDFC	Sell	WD-40 CO	$4,021,000	+16.5%	61,950	-2.2%	0.21%	+4.0%
HTZ	Buy	HERTZ GLOBAL HOLDINGS	$3,979,000	-1.7%	179,565	+10.0%	0.21%	-12.3%
LYB	Buy	LYONDELL BASELL INDUSTRIES - C	$3,902,000	+27.6%	53,283	+15.4%	0.20%	+14.1%
PFE	Sell	PFIZER INC	$3,862,000	+0.9%	134,439	-1.6%	0.20%	-9.9%
UGI	Buy	UGI CORP	$3,821,000	+20.2%	97,650	+20.1%	0.20%	+7.6%
NTAP	Buy	NETAPP INC	$3,637,000	+381.1%	85,325	+326.6%	0.19%	+329.5%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO	$3,632,000	+736.9%	58,773	+736.4%	0.19%	+652.0%
SYY	Buy	SYSCO CORP	$3,590,000	+4.8%	112,800	+12.5%	0.19%	-6.5%
DUK	Buy	DUKE ENERGY CO	$3,586,000	+12.3%	53,697	+13.5%	0.19%	+0.5%
SWK	New	STANLEY BLACK DECKER INC	$3,533,000	–	39,010	–	0.18%	–
TYC	Buy	TYCO INTERNATIONAL LTD	$3,497,000	+11.3%	99,966	+4.8%	0.18%	-0.5%
USB	Buy	U.S. BANCORP	$3,462,000	+5.1%	94,645	+3.9%	0.18%	-5.8%
RCL	Buy	ROYAL CARIBBEAN CRUISES LTD	$3,342,000	+35.5%	87,300	+18.0%	0.17%	+21.0%
PH	Buy	PARKER-HANNIFIN	$3,335,000	+16.9%	30,675	+2.6%	0.17%	+4.8%
D	Buy	DOMINION RESOURCES INC VA	$3,320,000	+21.2%	53,145	+10.2%	0.17%	+8.2%
FDX	Buy	FEDEX CORPORATION	$3,301,000	+22.1%	28,930	+5.5%	0.17%	+8.9%
TMK	Buy	TORCHMARK CORP	$3,290,000	+19.0%	45,475	+7.2%	0.17%	+6.9%
HRS	Buy	HARRIS CORP	$3,259,000	+23.6%	54,950	+2.6%	0.17%	+10.5%
SLB	Buy	SCHLUMBERGER LTD	$3,182,000	+26.8%	36,014	+2.9%	0.16%	+13.8%
ACC	Buy	AMERICAN CAMPUS COMMUNITIES IN	$3,179,000	-14.6%	93,100	+1.6%	0.16%	-23.6%
GPC	Sell	GENUINE PARTS CO	$3,151,000	0.0%	38,960	-3.5%	0.16%	-10.9%
AGU	Buy	AGRIUM INC	$3,139,000	+80.5%	37,350	+86.8%	0.16%	+61.4%
PM	Buy	PHILIP MORRIS INTERNATIONAL IN	$2,964,000	+12.1%	34,235	+12.2%	0.15%	+0.7%
RTN	Sell	RAYTHEON	$2,908,000	+12.3%	37,726	-3.6%	0.15%	+0.7%
ARG	Buy	AIRGAS INC	$2,895,000	+160.3%	27,300	+134.3%	0.15%	+134.4%
DVN	Buy	DEVON ENERGY CORP	$2,793,000	+390.9%	48,351	+340.9%	0.14%	+339.4%
UDR	Buy	UDR INC	$2,775,000	-5.7%	117,077	+1.4%	0.14%	-15.8%
TRV	Buy	THE TRAVELERS COMPANIES INC	$2,754,000	+14.8%	32,484	+8.2%	0.14%	+2.9%
A309PS	Buy	DIRECTV GROUP INC	$2,738,000	+2.4%	45,795	+5.5%	0.14%	-8.4%
GOOGL	Sell	GOOGLE INC CL A	$2,686,000	-25.2%	3,067	-24.8%	0.14%	-33.2%
PNR	Buy	PENTAIR INC	$2,663,000	+33.5%	41,014	+18.6%	0.14%	+19.0%
MAC	Buy	MACERICH CO	$2,643,000	+11.6%	46,832	+20.6%	0.14%	0.0%
MO	Buy	ALTRIA GROUP INC	$2,630,000	+7.1%	76,560	+9.1%	0.14%	-4.2%
ARE	Buy	ALEXANDRIA REAL ESTATE EQUITIE	$2,570,000	+4.9%	40,250	+7.9%	0.13%	-6.3%
LPT	Buy	LIBERTY PROPERTY TRUST	$2,407,000	-2.8%	67,605	+0.9%	0.12%	-13.2%
GGP	Buy	GENERAL GROWTH PROPERTIES	$2,218,000	+17.5%	115,000	+21.1%	0.12%	+5.5%
TSCO	New	TRACTOR SUPPLY CO	$2,176,000	–	32,400	–	0.11%	–
MOS	Buy	THE MOSAIC CO	$2,112,000	+59.4%	49,100	+99.4%	0.11%	+42.9%
MKC	Buy	McCORMICK & CO INC NON VTG	$2,057,000	-7.2%	31,800	+1.0%	0.11%	-16.4%
AFL	Buy	AFLAC INC	$2,019,000	+16.8%	32,575	+9.5%	0.10%	+5.0%
ALL	Sell	ALLSTATE CORPORATION	$2,011,000	+4.3%	39,775	-0.7%	0.10%	-7.1%
NNN	Buy	NATIONAL RETAIL PPTYS INC	$1,995,000	-6.3%	62,700	+1.3%	0.10%	-16.3%
HD	Buy	HOME DEPOT INC	$1,928,000	+16.0%	25,422	+18.5%	0.10%	+4.2%
FXI	Buy	ISHARES CHINA LARGE CAP ETF	$1,910,000	+267.3%	51,500	+221.9%	0.10%	+230.0%
LLL	Buy	L-3 COMMUNICATIONS HLDGS INC	$1,892,000	+17.9%	20,025	+6.9%	0.10%	+5.4%
NE	Buy	NOBLE CORP	$1,814,000	+29.3%	48,030	+28.7%	0.09%	+16.0%
BDN	Buy	BRANDYWINE REALTY TRUST SBI	$1,808,000	+29.2%	137,200	+32.6%	0.09%	+16.0%
CF	Buy	CF INDUSTRIES HOLDINGS INC	$1,693,000	+24.9%	8,030	+1.6%	0.09%	+11.4%
NEM	Buy	NEWMONT MINING CORP	$1,637,000	+68.9%	58,250	+80.1%	0.08%	+51.8%
DIS	Buy	WALT DISNEY COMPANY	$1,587,000	+6.9%	24,601	+4.7%	0.08%	-4.7%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$1,588,000	+71.7%	85,025	+69.1%	0.08%	+51.9%
CLR	Buy	CONTINENTAL RESOURCES INC	$1,555,000	+29.0%	14,500	+3.6%	0.08%	+15.7%
APA	Buy	APACHE CORP	$1,567,000	+44.4%	18,400	+42.1%	0.08%	+28.6%
PPL	Buy	PPL CORP	$1,534,000	+4.0%	50,494	+3.6%	0.08%	-7.0%
APC	Buy	ANADARKO PETROLEUM CORP	$1,525,000	+175.3%	16,400	+154.3%	0.08%	+146.9%
BKH	Sell	BLACK HILLS CORP	$1,526,000	-3.5%	30,600	-5.7%	0.08%	-14.1%
LUMN	Buy	CENTURYLINK INC	$1,480,000	-11.0%	47,159	+0.3%	0.08%	-19.8%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$1,465,000	+14.8%	46,640	+4.2%	0.08%	+2.7%
CNI	New	CANADIAN NATIONAL RAILWAY CO C	$1,409,000	–	13,900	–	0.07%	–
KSS	Buy	KOHLS CORP WISC PV	$1,413,000	+30.1%	27,300	+27.0%	0.07%	+15.9%
AVGO	Buy	AVAGO TECHNOLOGIES LTD	$1,341,000	+32.6%	31,125	+15.1%	0.07%	+18.6%
KO	Sell	COCA-COLA	$1,292,000	-9.0%	34,106	-3.7%	0.07%	-18.3%
MRO	Buy	MARATHON OIL CORP	$1,257,000	+120.1%	36,030	+118.4%	0.06%	+97.0%
HT	Buy	HERSHA HOSPITALITY TRUST	$1,258,000	+27.5%	225,000	+28.6%	0.06%	+14.0%
WLK	Buy	WESTLAKE CHEMICAL CORP	$1,219,000	+14.9%	11,650	+5.9%	0.06%	+1.6%
SJM	Buy	J.M. SMUCKER COM	$1,193,000	+15.6%	11,359	+13.5%	0.06%	+3.3%
VLY	New	VALLEY NATL BANCORP COM	$1,144,000	–	115,000	–	0.06%	–
NOV	Sell	NATIONAL OILWELL VARCO INC	$1,130,000	+11.3%	14,470	-1.7%	0.06%	0.0%
LMT	Buy	LOCKHEED MARTIN CORP	$1,122,000	+38.9%	8,800	+18.1%	0.06%	+23.4%
AXP	Buy	AMERICAN EXPRESS	$1,110,000	+11.2%	14,700	+10.1%	0.06%	0.0%
HCP	Buy	HCP INC	$1,028,000	-6.9%	25,100	+3.3%	0.05%	-17.2%
PX	Sell	PRAXAIR INC	$996,000	+3.6%	8,285	-0.7%	0.05%	-7.1%
BAX	Buy	BAXTER INT'L	$1,000,000	+22.4%	15,220	+29.0%	0.05%	+10.6%
SDRL	Buy	SEADRILL LTD	$1,005,000	+13.2%	22,300	+2.3%	0.05%	+2.0%
CAG	Buy	CONAGRA FOODS INC	$989,000	+81.5%	32,600	+109.0%	0.05%	+59.4%
HES	Buy	HESS CORP	$936,000	+71.7%	12,100	+47.6%	0.05%	+53.1%
ADT	Sell	ADT CORP	$922,000	-1.6%	22,675	-3.6%	0.05%	-11.1%
COH	Buy	COACH INC	$907,000	+336.1%	16,625	+355.5%	0.05%	+291.7%
RHP	Buy	RYMAN HOSPITALITY PROPERTIES	$863,000	+10.6%	25,000	+25.0%	0.04%	0.0%
KRFT	Buy	KRAFT FOODS GROUP INC	$859,000	-3.9%	16,375	+2.3%	0.04%	-13.5%
CECE	New	CECO ENVIRONMENTAL CORP	$851,000	–	60,468	–	0.04%	–
CSCO	Buy	CISCO SYSTEMS INC	$851,000	0.0%	36,336	+4.0%	0.04%	-10.2%
CHSP	New	CHESAPEAKE LODGING TRUST	$824,000	–	35,000	–	0.04%	–
GIS	Buy	GENERAL MILLS INC	$825,000	+32.9%	17,220	+34.5%	0.04%	+19.4%
VV	New	VANGUARD LARGE-CAP ETF	$830,000	–	10,735	–	0.04%	–
GSK	Buy	GLAXOSMITHKLINE PLC ADR	$799,000	+19.8%	15,935	+19.3%	0.04%	+5.1%
QCOM	Buy	QUALCOMM INC	$773,000	+50.7%	11,483	+36.8%	0.04%	+33.3%
DOFSQ	Buy	DIAMOND OFFSHORE DRILLING INC	$745,000	-2.5%	11,950	+7.7%	0.04%	-11.4%
AVY	New	AVERY DENNISON CORP	$740,000	–	17,000	–	0.04%	–
MUR	Buy	MURPHY OIL CORP	$685,000	+12.9%	11,350	+13.8%	0.04%	+2.9%
NYX	Sell	NYSE EURONEXT	$634,000	-2.5%	15,100	-3.8%	0.03%	-13.2%
WHR	Buy	WHIRLPOOL CORP	$637,000	+56.9%	4,350	+22.5%	0.03%	+37.5%
DGX	Sell	QUEST DIAGNOSTICS	$630,000	-11.9%	10,198	-13.6%	0.03%	-19.5%
MPC	Buy	MARATHON PETROLEUM CORP	$584,000	+26.4%	9,080	+39.7%	0.03%	+11.1%
TECK	New	TECK RESOURCES LTD CL B	$585,000	–	21,800	–	0.03%	–
LH	Sell	LABORATORY CORPORATION OF AMER	$550,000	-12.1%	5,550	-11.2%	0.03%	-19.4%
4945SC	Buy	KINDER MORGAN ENERGY PRTNRS	$541,000	+27.9%	6,775	+36.9%	0.03%	+12.0%
DGICA	Buy	DONEGAL GROUP INC CL A	$525,000	+11.5%	37,494	+11.3%	0.03%	0.0%
TD	Buy	TORONTO-DOMINION BANK	$520,000	+125.1%	5,778	+100.8%	0.03%	+107.7%
KWR	New	QUAKER CHEMICAL	$511,000	–	7,000	–	0.03%	–
BHP	Buy	BHP BILLITON LTD	$465,000	+130.2%	7,000	+100.0%	0.02%	+100.0%
DOV	Buy	DOVER CORP	$464,000	+20.2%	5,163	+3.8%	0.02%	+9.1%
HPT	Buy	HOSPITALITY PROPERTIES TRUST	$448,000	+17.3%	15,825	+9.0%	0.02%	+4.5%
AGN	Buy	ALLERGAN INC	$452,000	+34.1%	5,000	+25.0%	0.02%	+15.0%
TYG	Buy	TORTOISE ENERGY INFRASTRUCTURE	$443,000	+5.2%	9,650	+6.6%	0.02%	-4.2%
GLW	Sell	CORNING INC	$422,000	-4.1%	28,900	-6.5%	0.02%	-15.4%
IR	Sell	INGERSOLL-RAND PLC	$406,000	+15.0%	6,250	-1.6%	0.02%	+5.0%
WFT	Buy	WEATHERFORD INTERNATIONAL	$414,000	+77.7%	27,000	+58.8%	0.02%	+50.0%
CL	Buy	COLGATE PALMOLIVE CO	$396,000	+7.9%	6,682	+4.4%	0.02%	0.0%
BWP	Buy	BOARDWALK PIPELINE PARTNERS	$383,000	+6.7%	12,600	+5.9%	0.02%	-4.8%
HIG	Buy	HARTFORD FINANCIAL SERVICES GR	$371,000	+62.7%	11,921	+61.5%	0.02%	+46.2%
RIG	Buy	TRANSOCEAN LTD	$360,000	+20.4%	8,089	+29.7%	0.02%	+11.8%
LOW	New	LOWES COMPANIES INC	$343,000	–	7,200	–	0.02%	–
DNP	Buy	DNP SELECT INCOME FUND INC	$340,000	+3.7%	35,400	+6.0%	0.02%	-5.3%
MMP	New	MAGELLAN MIDSTREAM PARTNERS LL	$331,000	–	5,860	–	0.02%	–
ADM	Buy	ARCHER DANIELS MIDLAND	$335,000	+14.7%	9,100	+5.8%	0.02%	0.0%
EMC	Sell	EMC CORP	$319,000	-3.6%	12,500	-10.7%	0.02%	-10.5%
EGN	Sell	ENERGEN CORP	$336,000	-19.6%	4,400	-45.0%	0.02%	-29.2%
AEP	Buy	AMERICAN ELECTRIC POWER CO	$312,000	+12.2%	7,200	+16.1%	0.02%	0.0%
VLO	Buy	VALERO ENERGY CORP	$301,000	+48.3%	8,810	+50.6%	0.02%	+33.3%
VXUS	Buy	VANGUARD TOTAL INTL STOCK ETF	$311,000	+44.7%	6,200	+31.9%	0.02%	+33.3%
HRB	Buy	H&R BLOCK INC	$308,000	+2.3%	11,550	+6.5%	0.02%	-5.9%
EWJ	Buy	ISHARES MSCI JAPAN INDEX FD	$295,000	+29.4%	24,745	+21.9%	0.02%	+15.4%
NVS	New	NOVARTIS AG	$290,000	–	3,775	–	0.02%	–
TEVA	New	TEVA PHARMACTCL INDS ADR	$297,000	–	7,850	–	0.02%	–
CELG	New	CELGENE CORP COM	$262,000	–	1,700	–	0.01%	–
WMT	New	WAL-MART STORES	$274,000	–	3,700	–	0.01%	–
ATW	Sell	ATWOOD OCEANICS INC	$264,000	-47.4%	4,800	-50.3%	0.01%	-51.7%
VRX	New	VALEANT PHARMACEUTICALS INTL	$250,000	–	2,400	–	0.01%	–
BHB	New	BAR HARBOR BANKSHARES	$258,000	–	7,000	–	0.01%	–
IX	New	ORIX CORPORATION	$245,000	–	3,000	–	0.01%	–
IFF	New	INT'L FLAVORS & FRAGRANCES INC	$247,000	–	3,000	–	0.01%	–
TM	New	ADR TOYOTA MOTOR CORP COM	$218,000	–	1,700	–	0.01%	–
WASH	New	WASHINGTON TRUST BANCORP INC	$204,000	–	6,480	–	0.01%	–
HP	New	HELMERICH & PAYNE INC	$207,000	–	3,000	–	0.01%	–
CB	New	CHUBB CORP	$208,000	–	2,330	–	0.01%	–
VTI	New	VANGUARD TOTAL STOCK MKT VIPER	$210,000	–	2,400	–	0.01%	–
AON	New	AON PLC	$202,000	–	2,719	–	0.01%	–
EFA	New	ISHARES MSCI EAFE ETF	$200,000	–	3,135	–	0.01%	–
BAC	New	BANK OF AMERICA CORP	$162,000	–	11,724	–	0.01%	–
ASX	New	ADVANCED SEMICONDUCTOR ADR	$118,000	–	24,654	–	0.01%	–
MUFG	Sell	MITSUBISHI UFJ FINANCIAL GROUP	$64,000	-48.4%	10,000	-50.0%	0.00%	-57.1%
ERF	Exit	ENERPLUS CORP	$0	–	-10,850	–	-0.01%	–
UHT	Exit	UNIVERSAL HEALTH REALTY INCOME	$0	–	-11,300	–	-0.03%	–
CHG	Exit	CH ENERGY GROUP INC	$0	–	-9,800	–	-0.04%	–
MPR	Exit	MET PRO CORP	$0	–	-69,037	–	-0.05%	–
HR	Exit	HEALTHCARE REALTY TRUST	$0	–	-55,800	–	-0.08%	–
TCO	Exit	TAUBMAN CENTERS	$0	–	-20,000	–	-0.09%	–
ACT	Exit	ACTAVIS INC	$0	–	-34,240	–	-0.25%	–
TWI	Exit	TITAN INTERNATIONAL INC	$0	–	-565,000	–	-0.55%	–
ARB	Exit	ARBITRON INCORPORATED	$0	–	-295,148	–	-0.80%	–
HTSI	Exit	HARRIS TEETER SUPERMARKETS I	$0	–	-401,500	–	-1.09%	–

Q2 2013

			Value		Shares		↓ Weighting
MTZ	New	MASTEC INCORPORATED	$29,445,000	–	895,000	–	1.71%	–
AMG	New	AFFILIATED MANAGERS GROUP INC	$26,807,000	–	163,515	–	1.55%	–
PRXL	New	PAREXEL INTERNATIONAL	$26,203,000	–	570,000	–	1.52%	–
CBI	New	CHICAGO BRIDGE AND IRON COMPAN	$25,898,000	–	434,100	–	1.50%	–
ENS	New	ENERSYS	$25,476,000	–	519,500	–	1.48%	–
URI	New	UNITED RENTALS	$23,769,000	–	476,241	–	1.38%	–
BDC	New	BELDEN CDT INC	$23,197,000	–	464,600	–	1.34%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$22,209,000	–	316,100	–	1.29%	–
CAB	New	CABELA'S INC	$21,723,000	–	335,439	–	1.26%	–
JAH	New	JARDEN CORPORATION	$21,656,000	–	495,000	–	1.26%	–
POL	New	POLYONE CORP	$21,583,000	–	871,000	–	1.25%	–
SIVB	New	SVB FINANCIAL GROUP	$21,497,000	–	258,000	–	1.25%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$20,263,000	–	1,415,000	–	1.18%	–
CR	New	CRANE CO	$20,262,000	–	338,150	–	1.18%	–
AXE	New	ANIXTER INTERNATIONAL	$19,839,000	–	261,700	–	1.15%	–
MOGA	New	MOOG INC	$19,629,000	–	380,925	–	1.14%	–
SLGN	New	SILGAN HOLDINGS INC	$19,629,000	–	418,000	–	1.14%	–
COG	New	CABOT OIL & GAS CORP	$19,587,000	–	275,800	–	1.14%	–
SBNY	New	SIGNATURE BANK	$19,510,000	–	235,000	–	1.13%	–
CASY	New	CASEYS GENERAL STORES INC	$19,510,000	–	324,300	–	1.13%	–
SLG	New	SL GREEN REALTY CORP	$19,490,000	–	221,000	–	1.13%	–
HTSI	New	HARRIS TEETER SUPERMARKETS I	$18,814,000	–	401,500	–	1.09%	–
PTC	New	PTC INC	$18,643,000	–	760,000	–	1.08%	–
EPAC	New	ACTUANT CORP - CL A	$17,243,000	–	523,000	–	1.00%	–
HIW	New	HIGHWOODS PROPERTIES INC	$16,821,000	–	472,364	–	0.98%	–
BECN	New	BEACON ROOFING SUPPLY INC	$16,326,000	–	431,000	–	0.95%	–
HME	New	HOME PROPERTIES OF NEW YORK	$16,189,000	–	247,650	–	0.94%	–
EAT	New	BRINKER INTERNATIONAL INC	$15,575,000	–	395,000	–	0.90%	–
SLH	New	SOLERA HOLDINGS INC	$15,025,000	–	270,000	–	0.87%	–
SWX	New	SOUTHWEST GAS CORP	$14,042,000	–	300,110	–	0.81%	–
OSK	New	OSHKOSH TRUCK CORP	$13,745,000	–	362,000	–	0.80%	–
ARB	New	ARBITRON INCORPORATED	$13,710,000	–	295,148	–	0.80%	–
EE	New	EL PASO ELECTRIC CO	$13,640,000	–	386,281	–	0.79%	–
ANN	New	ANN INC	$13,595,000	–	409,498	–	0.79%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$13,509,000	–	147,531	–	0.78%	–
MSFT	New	MICROSOFT CORP	$13,415,000	–	388,330	–	0.78%	–
ETN	New	EATON CORP PLC	$13,172,000	–	200,155	–	0.76%	–
GE	New	GENERAL ELECTRIC	$13,068,000	–	563,510	–	0.76%	–
ON	New	ON SEMICONDUCTOR CORPORATION	$12,724,000	–	1,574,800	–	0.74%	–
AAN	New	AARON'S INC	$12,583,000	–	449,250	–	0.73%	–
NWBI	New	NORTHWEST BANCSHARES INC	$12,473,000	–	923,221	–	0.72%	–
IBM	New	INT'L BUSINESS MACHINES CORP	$12,337,000	–	64,556	–	0.72%	–
AVA	New	AVISTA CORP	$12,321,000	–	455,986	–	0.71%	–
CACI	New	CACI INTERNATIONAL INC - CL A	$12,127,000	–	191,000	–	0.70%	–
CATM	New	CARDTRONICS INC	$11,773,000	–	426,575	–	0.68%	–
SIGI	New	SELECTIVE INSURANCE	$11,630,000	–	505,200	–	0.67%	–
ACN	New	ACCENTURE PLC - CL A	$11,603,000	–	161,248	–	0.67%	–
CRZO	New	CARRIZO OIL & GAS INC	$11,445,000	–	404,000	–	0.66%	–
XOM	New	EXXON MOBIL CORPORATION	$11,451,000	–	126,738	–	0.66%	–
MBFI	New	MB FINANCIAL INC	$11,433,000	–	426,600	–	0.66%	–
KMB	New	KIMBERLY-CLARK CORP	$11,244,000	–	115,752	–	0.65%	–
POR	New	PORTLAND GENERAL ELECTRIC CO	$11,119,000	–	363,500	–	0.64%	–
SPNV	New	SUPERIOR ENERGY SERVICES	$10,803,000	–	416,478	–	0.63%	–
UMPQ	New	UMPQUA HOLDINGS CORP	$10,713,000	–	713,741	–	0.62%	–
WTFC	New	WINTRUST FINANCIAL CORP	$10,718,000	–	280,000	–	0.62%	–
JNJ	New	JOHNSON & JOHNSON	$10,685,000	–	124,449	–	0.62%	–
BCEI	New	BONANZA CREEK ENERGY INC	$10,626,000	–	299,650	–	0.62%	–
WBS	New	WEBSTER FINANCIAL CORP	$10,544,000	–	410,600	–	0.61%	–
VFC	New	V F CORP	$10,526,000	–	54,520	–	0.61%	–
KOG	New	KODIAK OIL & GAS CORP	$10,330,000	–	1,162,000	–	0.60%	–
CBU	New	COMMUNITY BANK SYSTEMS INC	$10,180,000	–	330,000	–	0.59%	–
UNS	New	UNS ENERGY CORP	$10,078,000	–	225,300	–	0.58%	–
UPS	New	UNITED PARCEL SERVICE INC	$9,777,000	–	113,053	–	0.57%	–
RFMD	New	RF MICRO DEVICES	$9,605,000	–	1,797,000	–	0.56%	–
CMP	New	COMPASS MINERALS INTERNATIONAL	$9,552,000	–	113,000	–	0.55%	–
TWI	New	TITAN INTERNATIONAL INC	$9,532,000	–	565,000	–	0.55%	–
BMY	New	BRISTOL-MYERS SQUIBB	$9,519,000	–	213,010	–	0.55%	–
NTCT	New	NETSCOUT SYSTEMS INC	$9,336,000	–	400,000	–	0.54%	–
UBSI	New	UNITED BANKSHARES	$9,284,000	–	351,000	–	0.54%	–
IBKC	New	IBERIABANK CORP	$8,985,000	–	167,600	–	0.52%	–
MMM	New	3M COMPANY	$8,900,000	–	81,389	–	0.52%	–
WM	New	WASTE MANAGEMENT INC	$8,842,000	–	219,242	–	0.51%	–
MCD	New	McDONALDS CORP	$8,614,000	–	87,008	–	0.50%	–
JNY	New	THE JONES GRP INC	$8,594,000	–	625,000	–	0.50%	–
PPG	New	PPG INDUSTRIES INC	$8,594,000	–	58,700	–	0.50%	–
CHD	New	CHURCH & DWIGHT INC	$8,553,000	–	138,600	–	0.50%	–
COP	New	CONOCOPHILLIPS	$8,525,000	–	140,912	–	0.49%	–
VZ	New	VERIZON COMMUNICATIONS	$8,471,000	–	168,275	–	0.49%	–
GBCI	New	GLACIER BANCORP INC	$8,432,000	–	380,000	–	0.49%	–
KIM	New	KIMCO REALTY CORP	$8,298,000	–	387,215	–	0.48%	–
NVO	New	NOVO-NORDISK ADR	$8,283,000	–	53,450	–	0.48%	–
JPM	New	JPMORGAN CHASE & CO.	$8,215,000	–	155,611	–	0.48%	–
CVX	New	CHEVRON CORP	$8,200,000	–	69,295	–	0.48%	–
ABBV	New	ABBVIE INC	$7,866,000	–	190,271	–	0.46%	–
AMP	New	AMERIPRISE FINANCIAL INC	$7,724,000	–	95,500	–	0.45%	–
UTX	New	UNITED TECHNOLOGIES CORP	$7,582,000	–	81,580	–	0.44%	–
CAT	New	CATERPILLAR INC	$7,522,000	–	91,181	–	0.44%	–
DE	New	DEERE & CO	$7,434,000	–	91,500	–	0.43%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,420,000	–	87,670	–	0.43%	–
CVS	New	CVS CAREMARK CORP	$7,201,000	–	125,935	–	0.42%	–
SPG	New	SIMON PROPERTY GROUP INC	$7,077,000	–	44,813	–	0.41%	–
UNP	New	UNION PACIFIC CORP	$6,934,000	–	44,945	–	0.40%	–
PSX	New	PHILLIPS 66	$6,833,000	–	115,996	–	0.40%	–
PRU	New	PRUDENTIAL FINANCIAL	$6,801,000	–	93,130	–	0.39%	–
HON	New	HONEYWELL INTL INC	$6,784,000	–	85,500	–	0.39%	–
EMR	New	EMERSON ELECTRIC	$6,744,000	–	123,648	–	0.39%	–
DLR	New	DIGITAL REALTY TRUST INC	$6,730,000	–	110,335	–	0.39%	–
ESV	New	ENSCO PLC - CL A	$6,695,000	–	115,185	–	0.39%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$6,617,000	–	74,160	–	0.38%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$6,236,000	–	85,525	–	0.36%	–
FCX	New	FREEPORT-MCMORAN COPPER & GOLD	$6,102,000	–	221,009	–	0.35%	–
TTE	New	TOTAL SA SPON ADR	$5,986,000	–	122,910	–	0.35%	–
RPM	New	RPM INC	$5,951,000	–	186,321	–	0.34%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$5,915,000	–	152,100	–	0.34%	–
PEP	New	PEPSICO INC	$5,885,000	–	71,952	–	0.34%	–
AWK	New	AMERICAN WATER WORKS CO INC	$5,840,000	–	141,635	–	0.34%	–
ABT	New	ABBOTT LABORATORIES	$5,844,000	–	167,546	–	0.34%	–
ORCL	New	ORACLE CORPORATION	$5,418,000	–	176,438	–	0.31%	–
PG	New	PROCTER & GAMBLE	$5,363,000	–	69,654	–	0.31%	–
LLY	New	ELI LILLY CO	$5,301,000	–	107,924	–	0.31%	–
BBBY	New	BED BATH AND BEYOND INC	$5,303,000	–	74,740	–	0.31%	–
DOW	New	DOW CHEMICAL CO	$5,147,000	–	159,981	–	0.30%	–
AAPL	New	APPLE INC	$5,135,000	–	12,951	–	0.30%	–
DRI	New	DARDEN RESTAURANTS INC	$5,056,000	–	100,160	–	0.29%	–
MET	New	METLIFE INC	$4,814,000	–	105,198	–	0.28%	–
AMGN	New	AMGEN INC	$4,813,000	–	48,786	–	0.28%	–
M	New	MACY'S INC	$4,733,000	–	98,600	–	0.27%	–
BDX	New	BECTON DICKINSON & CO	$4,728,000	–	47,840	–	0.27%	–
WPC	New	W P CAREY INC	$4,652,000	–	70,300	–	0.27%	–
T	New	A T & T INC	$4,636,000	–	130,966	–	0.27%	–
FISV	New	FISERV INC	$4,600,000	–	52,620	–	0.27%	–
NSC	New	NORFOLK SOUTHERN CORP	$4,468,000	–	61,500	–	0.26%	–
HCN	New	HEALTH CARE REIT	$4,421,000	–	65,950	–	0.26%	–
PNY	New	PIEDMONT NATURAL GAS	$4,342,000	–	128,686	–	0.25%	–
DEO	New	DIAGEO PLC ADR	$4,335,000	–	37,715	–	0.25%	–
ACT	New	ACTAVIS INC	$4,322,000	–	34,240	–	0.25%	–
EPP	New	ISHARES MSCI PACIFIC EX JAPAN	$4,277,000	–	99,400	–	0.25%	–
TGT	New	TARGET CORP	$4,128,000	–	59,945	–	0.24%	–
MYL	New	MYLAN INC	$4,111,000	–	132,500	–	0.24%	–
NEE	New	NEXTERA ENERGY INC	$4,093,000	–	50,230	–	0.24%	–
HTZ	New	HERTZ GLOBAL HOLDINGS	$4,047,000	–	163,190	–	0.24%	–
WFC	New	WELLS FARGO & CO	$4,035,000	–	97,780	–	0.23%	–
ZBH	New	ZIMMER HOLDINGS INC	$3,894,000	–	51,960	–	0.23%	–
HAL	New	HALLIBURTON CO	$3,887,000	–	93,165	–	0.22%	–
PFE	New	PFIZER INC	$3,827,000	–	136,626	–	0.22%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES IN	$3,724,000	–	91,600	–	0.22%	–
FMBI	New	FIRST MIDWEST BANCORP INC	$3,704,000	–	270,000	–	0.22%	–
CSX	New	CSX CORP	$3,630,000	–	156,537	–	0.21%	–
GOOGL	New	GOOGLE INC CL A	$3,592,000	–	4,080	–	0.21%	–
WDFC	New	WD-40 CO	$3,451,000	–	63,350	–	0.20%	–
SYY	New	SYSCO CORP	$3,425,000	–	100,250	–	0.20%	–
COF	New	CAPITAL ONE FINANCIAL CORP VA	$3,402,000	–	54,165	–	0.20%	–
EGP	New	EASTGROUP PROPERTIES SBI	$3,376,000	–	60,000	–	0.20%	–
DD	New	DU PONT EI DE NEMOURS	$3,325,000	–	63,333	–	0.19%	–
FDO	New	FAMILY DOLLAR STORES	$3,312,000	–	53,150	–	0.19%	–
INTC	New	INTEL CORP	$3,287,000	–	135,667	–	0.19%	–
USB	New	U.S. BANCORP	$3,293,000	–	91,105	–	0.19%	–
RLJ	New	RLJ LODGING TRUST	$3,191,000	–	141,900	–	0.18%	–
DUK	New	DUKE ENERGY CO	$3,193,000	–	47,297	–	0.18%	–
UGI	New	UGI CORP	$3,180,000	–	81,300	–	0.18%	–
CPB	New	CAMPBELL SOUP	$3,149,000	–	70,300	–	0.18%	–
GPC	New	GENUINE PARTS CO	$3,151,000	–	40,360	–	0.18%	–
TYC	New	TYCO INTERNATIONAL LTD	$3,142,000	–	95,366	–	0.18%	–
WLL	New	WHITING PETROLEUM CORP	$3,133,000	–	67,970	–	0.18%	–
F	New	FORD MOTOR COMPANY	$3,130,000	–	202,325	–	0.18%	–
VTR	New	VENTAS INC	$3,121,000	–	44,933	–	0.18%	–
LYB	New	LYONDELL BASELL INDUSTRIES - C	$3,059,000	–	46,165	–	0.18%	–
UDR	New	UDR INC	$2,944,000	–	115,477	–	0.17%	–
MRK	New	MERCK & CO INC/NJ	$2,901,000	–	62,464	–	0.17%	–
EEM	New	ISHARES MSCI EMERGING MKTS FD	$2,852,000	–	74,075	–	0.16%	–
PH	New	PARKER-HANNIFIN	$2,852,000	–	29,900	–	0.16%	–
TMK	New	TORCHMARK CORP	$2,764,000	–	42,425	–	0.16%	–
D	New	DOMINION RESOURCES INC VA	$2,740,000	–	48,225	–	0.16%	–
FDX	New	FEDEX CORPORATION	$2,703,000	–	27,420	–	0.16%	–
A309PS	New	DIRECTV GROUP INC	$2,675,000	–	43,400	–	0.16%	–
HRS	New	HARRIS CORP	$2,637,000	–	53,550	–	0.15%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$2,643,000	–	30,510	–	0.15%	–
RTN	New	RAYTHEON	$2,589,000	–	39,151	–	0.15%	–
SLB	New	SCHLUMBERGER LTD	$2,509,000	–	35,014	–	0.14%	–
LPT	New	LIBERTY PROPERTY TRUST	$2,477,000	–	67,025	–	0.14%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$2,467,000	–	73,995	–	0.14%	–
MO	New	ALTRIA GROUP INC	$2,455,000	–	70,160	–	0.14%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUITIE	$2,451,000	–	37,300	–	0.14%	–
TRV	New	THE TRAVELERS COMPANIES INC	$2,400,000	–	30,025	–	0.14%	–
MAC	New	MACERICH CO	$2,368,000	–	38,832	–	0.14%	–
EQR	New	EQUITY RESIDENTIAL	$2,334,000	–	40,200	–	0.14%	–
CUBE	New	CUBE SMART	$2,237,000	–	140,000	–	0.13%	–
CPT	New	CAMDEN PROPERTY TRUST	$2,240,000	–	32,400	–	0.13%	–
MKC	New	McCORMICK & CO INC NON VTG	$2,216,000	–	31,500	–	0.13%	–
AKR	New	ACADIA REALTY TRUST	$2,160,000	–	87,500	–	0.12%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$2,129,000	–	61,900	–	0.12%	–
DDR	New	DDR CORP	$2,102,000	–	126,264	–	0.12%	–
GRT	New	GLIMCHER REALTY	$2,020,000	–	185,000	–	0.12%	–
SKT	New	TANGER FACTORY OUTLET CENTERS	$2,008,000	–	60,000	–	0.12%	–
PNR	New	PENTAIR INC	$1,995,000	–	34,589	–	0.12%	–
FR	New	FIRST INDUSTRIAL REALTY TRUST	$1,972,000	–	130,000	–	0.11%	–
ALL	New	ALLSTATE CORPORATION	$1,928,000	–	40,075	–	0.11%	–
GGP	New	GENERAL GROWTH PROPERTIES	$1,888,000	–	95,000	–	0.11%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS	$1,854,000	–	47,800	–	0.11%	–
FRT	New	FEDERAL REALTY INV. TRUST	$1,814,000	–	17,500	–	0.10%	–
SSS	New	SOVRAN SELF STORAGE INC	$1,749,000	–	27,000	–	0.10%	–
DFT	New	DUPONT FABROS TECHNOLOGY	$1,739,000	–	72,000	–	0.10%	–
AGU	New	AGRIUM INC	$1,739,000	–	20,000	–	0.10%	–
AFL	New	AFLAC INC	$1,729,000	–	29,750	–	0.10%	–
ITW	New	ILLINOIS TOOL WORKS	$1,709,000	–	24,701	–	0.10%	–
HD	New	HOME DEPOT INC	$1,662,000	–	21,450	–	0.10%	–
LUMN	New	CENTURYLINK INC	$1,662,000	–	47,009	–	0.10%	–
MAR	New	MARRIOTT INTERNATIONAL INC CL	$1,615,000	–	40,000	–	0.09%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$1,605,000	–	18,725	–	0.09%	–
NJR	New	NEW JERSEY RESOURCES	$1,589,000	–	38,250	–	0.09%	–
BKH	New	BLACK HILLS CORP	$1,582,000	–	32,450	–	0.09%	–
SHO	New	SUNSTONE HOTEL INVESTORS INC	$1,587,000	–	131,414	–	0.09%	–
OHI	New	OMEGA HEALTHCARE INVESTORS	$1,551,000	–	50,000	–	0.09%	–
EDR	New	EDUCATION REALTY TRUST INC	$1,534,000	–	150,000	–	0.09%	–
TCO	New	TAUBMAN CENTERS	$1,503,000	–	20,000	–	0.09%	–
DIS	New	WALT DISNEY COMPANY	$1,484,000	–	23,501	–	0.09%	–
PPS	New	POST PROPERTIES INC	$1,485,000	–	30,000	–	0.09%	–
PPL	New	PPL CORP	$1,475,000	–	48,750	–	0.09%	–
HR	New	HEALTHCARE REALTY TRUST	$1,423,000	–	55,800	–	0.08%	–
KO	New	COCA-COLA	$1,420,000	–	35,402	–	0.08%	–
NE	New	NOBLE CORP	$1,403,000	–	37,330	–	0.08%	–
BDN	New	BRANDYWINE REALTY TRUST SBI	$1,399,000	–	103,500	–	0.08%	–
RYN	New	RAYONIER INC	$1,385,000	–	25,000	–	0.08%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$1,356,000	–	7,905	–	0.08%	–
AVB	New	AVALON BAY COMMUNITIES INC	$1,349,000	–	10,000	–	0.08%	–
MOS	New	THE MOSAIC CO	$1,325,000	–	24,625	–	0.08%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,276,000	–	44,740	–	0.07%	–
EWBC	New	EAST WEST BANCORP INC	$1,265,000	–	46,000	–	0.07%	–
CLR	New	CONTINENTAL RESOURCES INC	$1,205,000	–	14,000	–	0.07%	–
R108	New	ENERGIZER HOLDINGS INC	$1,206,000	–	12,000	–	0.07%	–
EQY	New	EQUITY ONE INC	$1,131,000	–	50,000	–	0.07%	–
ARG	New	AIRGAS INC	$1,112,000	–	11,650	–	0.06%	–
HCP	New	HCP INC	$1,104,000	–	24,300	–	0.06%	–
LHO	New	LASALLE HOTEL PROPERTIES	$1,111,000	–	45,000	–	0.06%	–
KSS	New	KOHLS CORP WISC PV	$1,086,000	–	21,500	–	0.06%	–
APA	New	APACHE CORP	$1,085,000	–	12,946	–	0.06%	–
FRC	New	FIRST REPUBLIC BANK/CA	$1,077,000	–	28,000	–	0.06%	–
WLK	New	WESTLAKE CHEMICAL CORP	$1,061,000	–	11,000	–	0.06%	–
SJM	New	J.M. SMUCKER COM	$1,032,000	–	10,009	–	0.06%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$1,011,000	–	27,050	–	0.06%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,015,000	–	14,725	–	0.06%	–
AXP	New	AMERICAN EXPRESS	$998,000	–	13,350	–	0.06%	–
HT	New	HERSHA HOSPITALITY TRUST	$987,000	–	175,000	–	0.06%	–
PX	New	PRAXAIR INC	$961,000	–	8,345	–	0.06%	–
NEM	New	NEWMONT MINING CORP	$969,000	–	32,350	–	0.06%	–
PKI	New	PERKINELMER INC	$942,000	–	29,000	–	0.06%	–
MPR	New	MET PRO CORP	$928,000	–	69,037	–	0.05%	–
ADT	New	ADT CORP	$937,000	–	23,525	–	0.05%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$925,000	–	50,275	–	0.05%	–
KRFT	New	KRAFT FOODS GROUP INC	$894,000	–	16,010	–	0.05%	–
SDRL	New	SEADRILL LTD	$888,000	–	21,800	–	0.05%	–
TRN	New	TRINITY INDUSTRIES	$884,000	–	23,000	–	0.05%	–
AHT	New	ASHFORD HOSPITALITY TRUST	$859,000	–	75,000	–	0.05%	–
WGL	New	WGL HOLDINGS	$856,000	–	19,800	–	0.05%	–
CSCO	New	CISCO SYSTEMS INC	$851,000	–	34,954	–	0.05%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$835,000	–	13,085	–	0.05%	–
MDP	New	MEREDITH CORP	$828,000	–	17,350	–	0.05%	–
LMT	New	LOCKHEED MARTIN CORP	$808,000	–	7,450	–	0.05%	–
WCC	New	WESCO INTERNATIONAL INC	$816,000	–	12,000	–	0.05%	–
BAX	New	BAXTER INT'L	$817,000	–	11,800	–	0.05%	–
CAM	New	CAMERON INTERNATIONAL CORP	$795,000	–	13,000	–	0.05%	–
RHP	New	RYMAN HOSPITALITY PROPERTIES	$780,000	–	20,000	–	0.04%	–
NTAP	New	NETAPP INC	$756,000	–	20,000	–	0.04%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$764,000	–	11,100	–	0.04%	–
PAYX	New	PAYCHEX INC	$706,000	–	19,350	–	0.04%	–
DGX	New	QUEST DIAGNOSTICS	$715,000	–	11,798	–	0.04%	–
RGCO	New	RGC RESOURCES	$713,000	–	35,216	–	0.04%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$689,000	–	15,000	–	0.04%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$667,000	–	13,355	–	0.04%	–
NYX	New	NYSE EURONEXT	$650,000	–	15,700	–	0.04%	–
CHG	New	CH ENERGY GROUP INC	$637,000	–	9,800	–	0.04%	–
HRL	New	HORMEL FOODS CORP	$637,000	–	16,500	–	0.04%	–
LH	New	LABORATORY CORPORATION OF AMER	$626,000	–	6,250	–	0.04%	–
GIS	New	GENERAL MILLS INC	$621,000	–	12,800	–	0.04%	–
MUR	New	MURPHY OIL CORP	$607,000	–	9,975	–	0.04%	–
PEG	New	PUBLIC SERVICE ENTERPRISE INC	$585,000	–	17,900	–	0.03%	–
DVN	New	DEVON ENERGY CORP	$569,000	–	10,966	–	0.03%	–
MRO	New	MARATHON OIL CORP	$571,000	–	16,500	–	0.03%	–
HES	New	HESS CORP	$545,000	–	8,200	–	0.03%	–
APC	New	ANADARKO PETROLEUM CORP	$554,000	–	6,450	–	0.03%	–
CAG	New	CONAGRA FOODS INC	$545,000	–	15,600	–	0.03%	–
BPL	New	BUCKEYE PARTNERS L P UNIT LTD	$516,000	–	7,350	–	0.03%	–
FXI	New	ISHARES CHINA LARGE CAP ETF	$520,000	–	16,000	–	0.03%	–
QCOM	New	QUALCOMM INC	$513,000	–	8,395	–	0.03%	–
ATW	New	ATWOOD OCEANICS INC	$502,000	–	9,650	–	0.03%	–
UHT	New	UNIVERSAL HEALTH REALTY INCOME	$487,000	–	11,300	–	0.03%	–
MPC	New	MARATHON PETROLEUM CORP	$462,000	–	6,500	–	0.03%	–
DGICA	New	DONEGAL GROUP INC CL A	$471,000	–	33,694	–	0.03%	–
AEGN	New	AEGION CORP	$454,000	–	20,150	–	0.03%	–
GLW	New	CORNING INC	$440,000	–	30,900	–	0.03%	–
4945SC	New	KINDER MORGAN ENERGY PRTNRS	$423,000	–	4,950	–	0.02%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$434,000	–	7,027	–	0.02%	–
WHR	New	WHIRLPOOL CORP	$406,000	–	3,550	–	0.02%	–
EGN	New	ENERGEN CORP	$418,000	–	8,000	–	0.02%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE	$421,000	–	9,050	–	0.02%	–
K	New	KELLOGG CO	$407,000	–	6,344	–	0.02%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$382,000	–	14,525	–	0.02%	–
GD	New	GENERAL DYNAMICS CORP	$386,000	–	4,925	–	0.02%	–
DOV	New	DOVER CORP	$386,000	–	4,975	–	0.02%	–
BWP	New	BOARDWALK PIPELINE PARTNERS	$359,000	–	11,900	–	0.02%	–
CL	New	COLGATE PALMOLIVE CO	$367,000	–	6,402	–	0.02%	–
CEF	New	CENTRAL FUND OF CANADA	$354,000	–	26,000	–	0.02%	–
AGN	New	ALLERGAN INC	$337,000	–	4,000	–	0.02%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$339,000	–	5,000	–	0.02%	–
IR	New	INGERSOLL-RAND PLC	$353,000	–	6,350	–	0.02%	–
DNP	New	DNP SELECT INCOME FUND INC	$328,000	–	33,400	–	0.02%	–
EMC	New	EMC CORP	$331,000	–	14,000	–	0.02%	–
ADM	New	ARCHER DANIELS MIDLAND	$292,000	–	8,600	–	0.02%	–
RIG	New	TRANSOCEAN LTD	$299,000	–	6,239	–	0.02%	–
HRB	New	H&R BLOCK INC	$301,000	–	10,850	–	0.02%	–
AEP	New	AMERICAN ELECTRIC POWER CO	$278,000	–	6,200	–	0.02%	–
XEL	New	XCEL ENERGY INC	$269,000	–	9,500	–	0.02%	–
WFT	New	WEATHERFORD INTERNATIONAL	$233,000	–	17,000	–	0.01%	–
HSY	New	HERSHEY FOODS	$241,000	–	2,700	–	0.01%	–
KED	New	KAYNE ANDERSON ENERGY DEVELOPM	$218,000	–	8,500	–	0.01%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FD	$228,000	–	20,300	–	0.01%	–
HIG	New	HARTFORD FINANCIAL SERVICES GR	$228,000	–	7,382	–	0.01%	–
TD	New	TORONTO-DOMINION BANK	$231,000	–	2,878	–	0.01%	–
COH	New	COACH INC	$208,000	–	3,650	–	0.01%	–
VXUS	New	VANGUARD TOTAL INTL STOCK ETF	$215,000	–	4,700	–	0.01%	–
VLO	New	VALERO ENERGY CORP	$203,000	–	5,850	–	0.01%	–
BHP	New	BHP BILLITON LTD	$202,000	–	3,500	–	0.01%	–
GWW	New	GRAINGER W W INC	$202,000	–	800	–	0.01%	–
ERF	New	ENERPLUS CORP	$160,000	–	10,850	–	0.01%	–
MUFG	New	MITSUBISHI UFJ FINANCIAL GROUP	$124,000	–	20,000	–	0.01%	–
CRV	New	COAST DISTRIBUTION SERVICES	$45,000	–	13,000	–	0.00%	–

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