0001356783-11-000006.txt : 20110802 0001356783-11-000006.hdr.sgml : 20110802 20110802133434 ACCESSION NUMBER: 0001356783-11-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110802 DATE AS OF CHANGE: 20110802 EFFECTIVENESS DATE: 20110802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Phocas Financial CORP CENTRAL INDEX KEY: 0001356783 IRS NUMBER: 202647024 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12179 FILM NUMBER: 111002954 BUSINESS ADDRESS: STREET 1: 2433 MARINER SQUARE LOOP STREET 2: SUITE 202 CITY: ALAMEDA STATE: CA ZIP: 94501 BUSINESS PHONE: (510) 523-5800 MAIL ADDRESS: STREET 1: 2433 MARINER SQUARE LOOP STREET 2: SUITE 202 CITY: ALAMEDA STATE: CA ZIP: 94501 13F-HR 1 form13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2011 Check here if Amendment ; Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Phocas Financial Corporation Address: 980 Atlantic Avenue Suite 106 Alameda, CA 94501 Form 13F File Number: 28- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, Iists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Frances Chiu Title: Chief Compliance Officer Phone: (510) 523 - 5800 Signature, Place, and Date of Signing: Frances Chiu Alameda, CA 08/02/2011 [Signature] [City, State] [Date] Report Type (Check only one): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number o 0 Form 13F 223 Form 13F652.6697 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form I 3F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE 3M CO COM 88579Y101 211.80005 2233 SH SOLE 2233 0 0 AAR CORP COM 000361105 1492.87572 55108 SH SOLE 55108 0 0 ABBOTT LABS COM 002824100 3963.91722 75331 SH SOLE 75331 0 0 ACADIA REALTY TRUST COM 004239109 4500.4521 221370 SH SOLE 221370 0 0 ACE LTD ORD COM H0023R105 3785.37402 57511 SH SOLE 57511 0 0 ACETO CORP COM 004446100 2044.81211 304741 SH SOLE 304741 0 0 AETNA INC NEW COM 00817Y108 310.61405 7045 SH SOLE 7045 0 0 ALCOA INC COM 013817101 2510.68558 158303 SH SOLE 158303 0 0 ALEXANDRIA REAL EST EQ COM 015271109 10442.64186 134883 SH SOLE 134883 0 0 ALTERRA CAPITAL HOLDINGS COM G0229R108 1209.0837 54219 SH SOLE 54219 0 0 AMERICAN GREETINGS CP CL A COM 026375105 3196.719 132975 SH SOLE 132975 0 0 AMERICAN WATER WORKS CO COM 030420103 5413.88185 183833 SH SOLE 183833 0 0 AMERON INTL INC COM 030710107 1223.42136 18627 SH SOLE 18627 0 0 APACHE CORP COM 037411105 5247.65331 42529 SH SOLE 42529 0 0 APPLE COMPUTER INC COM 037833100 419.25183 1249 SH SOLE 1249 0 0 ARCHER DANIELS MIDLAND COM 039483102 2219.85405 73627 SH SOLE 73627 0 0 ARES CAPITAL CORPORATION COM 04010L103 3246.57389 202027 SH SOLE 202027 0 0 ARRIS GROUP INC COM 04269Q100 1646.69274 141834 SH SOLE 141834 0 0 ASHLAND INC COM 044209104 6252.6312 96760 SH SOLE 96760 0 0 AT&T CORP COM NEW COM 00206R102 7103.96829 226169 SH SOLE 226169 0 0 ATLAS AIR WORLDWIDE HOLDINGS COM 049164205 4215.6884 70840 SH SOLE 70840 0 0 ATMOS ENERGY CORP COM 049560105 2750.60625 82725 SH SOLE 82725 0 0 AVALONBAY COMMUNITIES COM 053484101 1469.0244 11441 SH SOLE 11441 0 0 BAKER HUGHES INC COM 057224107 622.05688 8573 SH SOLE 8573 0 0 BANK OF AMERICA CORP COM 060505104 6092.45576 555881 SH SOLE 555881 0 0 BASIC ENERGY SERVICE COM 06985P100 2998.90218 95294 SH SOLE 95294 0 0 BAXTER INTL INC COM 071813109 3492.58128 58512 SH SOLE 58512 0 0 BB&T CORP COM 054937107 4713.58712 175618 SH SOLE 175618 0 0 BERKSHIRE HATHAWAY CLASS B COM 084670702 5617.7401 72590 SH SOLE 72590 0 0 BIG LOTS INC. COM 089302103 3323.0223 100242 SH SOLE 100242 0 0 BOSTON PRIVT FINL HLDG COM 101119105 3200.10404 486338 SH SOLE 486338 0 0 BOSTON PROPERTIES INC COM 101121101 1950.1592 18370 SH SOLE 18370 0 0 BRANDYWINE REALTY TRUST COM 105368203 173.39799 14961 SH SOLE 14961 0 0 BRISTOL MYERS SQUIBB COM 110122108 3049.9224 105315 SH SOLE 105315 0 0 CAPITAL ONE FINL CORP COM 14040H105 3934.36048 76144 SH SOLE 76144 0 0 CARNIVAL CORP COM 143658300 3753.06568 99736 SH SOLE 99736 0 0 CENTER FINL CORP CALIF COM 15146E102 2788.18975 439085 SH SOLE 439085 0 0 CHEVRON CORP NEW COM 166764100 8966.72244 87191 SH SOLE 87191 0 0 CHILDRENS PL RETAIL COM 168905107 2817.19578 63322 SH SOLE 63322 0 0 CHUBB CORP COM 171232101 3541.15899 56559 SH SOLE 56559 0 0 CIGNA CORP COM 125509109 6081.13463 118241 SH SOLE 118241 0 0 CISCO SYS INC COM 17275R102 4241.34627 271707 SH SOLE 271707 0 0 CITIGROUP INC COM 172967424 4757.68646 114257.6 SH SOLE 114257.6 0 0 COEUR D ALENE MINES ID COM 192108504 3066.24566 126391 SH SOLE 126391 0 0 COGDELL SPENCER INC COM 19238U107 3400.35528 567672 SH SOLE 567672 0 0 COLGATE PALMOLIVE CO COM 194162103 344.3954 3940 SH SOLE 3940 0 0 COLONIAL PROPERTIES TRUST COM 195872106 5301.6132 259883 SH SOLE 259883 0 0 COLUMBIA BKG SYS INC COM 197236102 3025.51956 175698 SH SOLE 175698 0 0 COMPUWARE CORP COM 205638109 4892.60016 501291 SH SOLE 501291 0 0 CONAGRA FOODS INC COM 205887102 3230.25055 125155 SH SOLE 125155 0 0 CONOCOPHILLIPS COM 20825C104 305.42178 4062 SH SOLE 4062 0 0 CONSECO INC COM NEW COM 12621E103 4608.27899 582589 SH SOLE 582589 0 0 DARLING INTL INC COM 237266101 6076.6224 343312 SH SOLE 343312 0 0 DEVON ENERGY CORP NEW COM 25179M103 5037.5352 63920 SH SOLE 63920 0 0 DIGITAL REALTY TRUST COM 253868103 911.44034 14753 SH SOLE 14753 0 0 DIRECTV COM CL A COM 25490A101 3401.99244 66942 SH SOLE 66942 0 0 DOMINION RES VA NEW COM 25746U109 3063.60036 63468 SH SOLE 63468 0 0 DOVER CORP COM 260003108 4868.718 71810 SH SOLE 71810 0 0 DOW CHEM CO COM 260543103 430.92 11970 SH SOLE 11970 0 0 DU PONT E I DE NEMOURS COM 263534109 331.0022 6124 SH SOLE 6124 0 0 DUKE ENERGY CORP COM 26441C105 4184.27079 222213 SH SOLE 222213 0 0 DUPONT FABROS TECHNOLOGY COM 26613Q106 4120.2252 163501 SH SOLE 163501 0 0 E M C CORP MASS COM 268648102 5187.41705 188291 SH SOLE 188291 0 0 EATON CORP COM 278058102 4703.40465 91417 SH SOLE 91417 0 0 EMCORE CORPORATION COM 290846104 68.5 25000 SH SOLE 25000 0 0 EMERGENT BIOSOLUTIONS COM 29089Q105 1594.48795 70709 SH SOLE 70709 0 0 EMPIRE DIST ELEC CO COM 291641108 1667.78118 86593 SH SOLE 86593 0 0 ENTERGY CORP NEW COM 29364G103 3457.22124 50633 SH SOLE 50633 0 0 ENTERTAINMENT PROPERTIES COM 29380T105 228.6432 4896 SH SOLE 4896 0 0 EQUITY LIFESTYLE PPTYS COM 29472R108 487.032 7800 SH SOLE 7800 0 0 EQUITY RESIDENTIAL COM 29476L107 961.02 16017 SH SOLE 16017 0 0 ESSEX PROPERTY TRUST COM 297178105 290.46763 2147 SH SOLE 2147 0 0 ESTERLINE TECHNOLOGIES COM 297425100 4778.8964 62551 SH SOLE 62551 0 0 EXXON MOBIL CORP COM 30231G102 1874.83244 23038 SH SOLE 23038 0 0 FAIRCHILD SEMICND INTL COM 303726103 6539.37495 391345 SH SOLE 391345 0 0 FEDERAL REALTY INVT TR COM 313747206 818.06872 9604 SH SOLE 9604 0 0 FIRST HORIZON NATL CP COM 320517105 4616.9307 483955 SH SOLE 483955 0 0 FIRST INDUSTRIAL RLTY COM 32054K103 1981.7202 173076 SH SOLE 173076 0 0 FIRST PACTRUST BANCORP INC COM 33589V101 3296.57212 221842 SH SOLE 221842 0 0 FLUOR CORP NEW COM 343412102 224.95214 3479 SH SOLE 3479 0 0 FRANKLIN RES INC COM 354613101 3848.50377 29313 SH SOLE 29313 0 0 FUEL SYSTEM SOLUTIONS COM 35952W103 1709.2247 68506 SH SOLE 68506 0 0 G-III APPAREL GROUP LIMITED COM 36237H101 1873.16048 54326 SH SOLE 54326 0 0 GENERAL ELEC CO COM 369604103 10517.90138 557683 SH SOLE 557683 0 0 GENERAL GROWTH PPTYS COM 370023103 282.29466 16914 SH SOLE 16914 0 0 GLIMCHER REALTY TRUST COM 379302102 3856.5155 405949 SH SOLE 405949 0 0 GOLDMAN SACHS GROUP COM 38141G104 3525.16545 26487.1 SH SOLE 26487.1 0 0 GOODRICH PETROLEUM CORP COM 382410405 3334.69535 181135 SH SOLE 181135 0 0 GOOGLE INC CL A COM 38259P508 522.07778 1031 SH SOLE 1031 0 0 GREAT BASIN GOLD COM 390124105 39.083 18700 SH SOLE 18700 0 0 GREAT PLAINS ENERGY COM 391164100 1955.00484 94308 SH SOLE 94308 0 0 GULF OFFSHORE INC COM 402629208 451.57761 10219 SH SOLE 10219 0 0 HANCOCK HLDG CO COM 410120109 3159.15452 101974 SH SOLE 101974 0 0 HEWLETT PACKARD CO COM 428236103 3402.854 93485 SH SOLE 93485 0 0 HOME DEPOT INC COM 437076102 5618.15664 155112 SH SOLE 155112 0 0 HOST HOTELS & RESORTS INC COM 44107P104 459.15855 27089 SH SOLE 27089 0 0 HUNTSMAN CORP COM 447011107 2829.85625 150125 SH SOLE 150125 0 0 HURON CONSULTING COM 447462102 4956.2526 164060 SH SOLE 164060 0 0 IBERIABANK CORP COM 450828108 3664.63592 63578 SH SOLE 63578 0 0 ICONIX BRAND GROUP INC COM 451055107 5218.7542 215651 SH SOLE 215651 0 0 INFINITY PPTY & CAS CP COM 45665Q103 3288.56424 60164 SH SOLE 60164 0 0 INTEL CORP COM 458140100 1384.04712 62457 SH SOLE 62457 0 0 ISHARES S&P U.S. PREFERRED STOCK INDEX F NOTE 464288687 2401.35716 60549 SH SOLE 60549 0 0 ISHARES TR DJ US REAL EST COM 464287739 859.275 14250 SH SOLE 14250 0 0 JDA SOFTWARE GROUP INC COM 46612K108 4612.06234 149306 SH SOLE 149306 0 0 JOHNSON & JOHNSON COM 478160104 6129.28584 92142 SH SOLE 92142 0 0 JPMORGAN CHASE & CO COM 46625H100 7645.58594 186751 SH SOLE 186751 0 0 KANSAS CITY SOUTHERN COM COM 485170302 3595.33867 60599 SH SOLE 60599 0 0 KEYCORP NEW COM 493267108 3780.81207 453879 SH SOLE 453879 0 0 KILROY RLTY CORP COM 49427F108 3683.27179 93271 SH SOLE 93271 0 0 KIMCO REALTY CORP COM 49446R109 829.90872 44523 SH SOLE 44523 0 0 KRAFT FOODS INC CL A COM 50075N104 2838.62202 80574 SH SOLE 80574 0 0 LABORATORY AMER HLDGS COM NEW COM 50540R409 413.2933 4270 SH SOLE 4270 0 0 LACLEDE GROUP INC COM 505597104 1908.10737 50439 SH SOLE 50439 0 0 LASALLE HOTEL PROPERTIES COM 517942108 5042.84568 191452 SH SOLE 191452 0 0 LOUISIANA PAC CORP COM 546347105 182.81626 22459 SH SOLE 22459 0 0 LOWES COS INC COM 548661107 209.41704 8984 SH SOLE 8984 0 0 MACERICH CO COM 554382101 289.1675 5405 SH SOLE 5405 0 0 MARATHON OIL CORP COM 565849106 5673.05652 107689 SH SOLE 107689 0 0 MASTERCARD INC COM 57636Q104 614.13092 2038 SH SOLE 2038 0 0 MATERION CORP COM 576690101 3317.83568 89744 SH SOLE 89744 0 0 MAXIM INTEGRATED PRODS COM 57772K101 3207.72888 125498 SH SOLE 125498 0 0 MERCK & CO INC COM 58933Y105 4296.9104 121760 SH SOLE 121760 0 0 MEREDITH CORP COM 589433101 1451.87207 46639 SH SOLE 46639 0 0 METLIFE INC COM 59156R108 5674.45289 129347 SH SOLE 129347 0 0 MICROCHIP TECHNOLOGY COM 595017104 1018.11096 26856 SH SOLE 26856 0 0 MICROSEMI CORP COM 595137100 5040.581 245882 SH SOLE 245882 0 0 MICROSOFT CORP COM 594918104 2884.024 110924 SH SOLE 110924 0 0 NATIONAL FINL PTNRS CP COM 63607P208 2173.02816 188304 SH SOLE 188304 0 0 NATIONWIDE HEALTH PPTY COM 638620104 430.664 10400 SH SOLE 10400 0 0 NEWELL RUBBERMAID INC COM 651229106 3383.42136 214412 SH SOLE 214412 0 0 NII HLDGS INC CL B NEW COM 62913F201 3776.82084 89118 SH SOLE 89118 0 0 NIKE INC CL B COM 654106103 202.99488 2256 SH SOLE 2256 0 0 NISOURCE INC COM 65473P105 2752.9065 135946 SH SOLE 135946 0 0 NOBLE CORPORATION SHS COM H5833N103 3819.77484 96924 SH SOLE 96924 0 0 NORFOLK SOUTHERN CORP COM 655844108 4810.80572 64204 SH SOLE 64204 0 0 OLD NATL BANCP IND COM 680033107 1175.1804 108813 SH SOLE 108813 0 0 OMNICOM GROUP INC COM 681919106 3738.32368 77623 SH SOLE 77623 0 0 ORACLE CORP COM 68389X105 577.5705 17550 SH SOLE 17550 0 0 ORTHOFIX INTERNATIONAL NV COM N6748L102 4309.81313 101479 SH SOLE 101479 0 0 OWENS ILL INC COM NEW COM 690768403 1854.57755 71855 SH SOLE 71855 0 0 PAR PHARMACEUTICAL COS COM 69888P106 4863.32974 147463 SH SOLE 147463 0 0 PARKER DRILLING CO COM 701081101 3389.139 579340 SH SOLE 579340 0 0 PDC ENERGY COM 716578109 4024.95879 134569 SH SOLE 134569 0 0 PEPSICO INC COM 713448108 1124.48538 15966 SH SOLE 15966 0 0 PERRY ELLIS INTL INC. COM 288853104 4387.16225 173749 SH SOLE 173749 0 0 PETROHAWK ENERGY CORP. COM 716495106 3331.14076 135028 SH SOLE 135028 0 0 PF CHANGS CHINA BISTRO COM 69333Y108 3438.66896 85454 SH SOLE 85454 0 0 PFIZER INC COM 717081103 6501.0922 315587 SH SOLE 315587 0 0 PIER 1 IMPORTS INC COM 720279108 1941.83938 167834 SH SOLE 167834 0 0 PIONEER NAT RES CO COM 723787107 3840.22418 42874 SH SOLE 42874 0 0 PLEXUS CORP COM 729132100 3245.71921 93241 SH SOLE 93241 0 0 PORTLAND GENERAL COM 736508847 1863.03488 73696 SH SOLE 73696 0 0 POWELL INDS INC COM 739128106 1805.9105 49477 SH SOLE 49477 0 0 POWERSHARES COMMODITY INDEX TRACKING FUN COM 73935S105 636.01952 21962 SH SOLE 21962 0 0 PROCTER & GAMBLE CO COM 742718109 3252.30477 51161 SH SOLE 51161 0 0 PROLOGIS COM 74340W103 1284.39808 35837 SH SOLE 35837 0 0 PROSPECT CAPITAL CORP COM 74348T102 1542.03786 152526 SH SOLE 152526 0 0 PUBLIC STORAGE INC COM 74460D109 967.26084 8484 SH SOLE 8484 0 0 REPUBLIC BANCORP OF KY COM 760281204 363.2546 18254 SH SOLE 18254 0 0 REX ENERGY COM 761565100 3024.45338 294494 SH SOLE 294494 0 0 RF MICRODEVICES INC COM 749941100 3797.8272 620560 SH SOLE 620560 0 0 RIGEL PHARMACEUTICALS COM NEW COM 766559603 2237.34245 243985 SH SOLE 243985 0 0 ROYAL DUTCH SHELL COM 780259206 284.52 4000 SH SOLE 4000 0 0 S1 CORPORATION COM 78463B101 3104.7236 415070 SH SOLE 415070 0 0 SAFEGUARD SCIENTIFICS COM 786449207 2015.83648 106771 SH SOLE 106771 0 0 SARA LEE CORP COM 803111103 2901.1023 152770 SH SOLE 152770 0 0 SCHLUMBERGER LTD COM 806857108 516.8448 5982 SH SOLE 5982 0 0 SCHNITZER STL INDS CL A COM 806882106 1119.0528 19428 SH SOLE 19428 0 0 SCHWAB LARGE CAP ETF COM 808524201 998.39045 31705 SH SOLE 31705 0 0 SENSIENT TECH CORP COM 81725T100 4305.56929 116147 SH SOLE 116147 0 0 SILICON VY BANCSHARES COM 78486Q101 5426.86277 90887 SH SOLE 90887 0 0 SIMON PROPERTY GROUP COM 828806109 8462.47384 72808 SH SOLE 72808 0 0 SL GREEN REALTY COM 78440X101 788.67379 9517 SH SOLE 9517 0 0 SNYDER'S LANCE INC COM 833551104 1372.33698 63446 SH SOLE 63446 0 0 SOUTHWEST BANCORP OKLA COM 844767103 1314.5033 134270 SH SOLE 134270 0 0 SPDR S&P DEPOSITORY RECEIPTS COM 78462F103 1279.84506 9698 SH SOLE 9698 0 0 STATE BANK & TRUST COM 856190103 1798.7356 109880 SH SOLE 109880 0 0 STATE STREET CORP COM 857477103 3174.38109 70401 SH SOLE 70401 0 0 STEINER LEISURE LTD COM P8744Y102 5280.8364 115605 SH SOLE 115605 0 0 STERLING CONSTRUCTION COM 859241101 1521.97056 110528 SH SOLE 110528 0 0 STRATEGIC HOTELS & RESORTS COM 86272T106 4453.09344 628968 SH SOLE 628968 0 0 STRYKER CORP COM 863667101 4071.9122 69380 SH SOLE 69380 0 0 SUN COMMUNITIES INC COM 866674104 3340.3643 89530 SH SOLE 89530 0 0 SWIFT ENERGY CO COM 870738101 5215.82469 139947 SH SOLE 139947 0 0 SYNNEX CORP COM 87162W100 3920.7511 123683 SH SOLE 123683 0 0 SYNOVUS FINL CORP COM 87161C105 1636.96416 787002 SH SOLE 787002 0 0 SYSTEMAX INC COM 871851101 1468.61694 98301 SH SOLE 98301 0 0 TARGET CORP COM 87612E106 337.752 7200 SH SOLE 7200 0 0 TELETECH HLDGS INC COM 879939106 1960.69296 93012 SH SOLE 93012 0 0 TELLABS INC COM 879664100 1093.35831 237171 SH SOLE 237171 0 0 TETRA TECH INC NEW COM 88162G103 1397.7 62120 SH SOLE 62120 0 0 TEVA PHARMACEUTCL INDS ADR COM 881624209 4895.82482 101531 SH SOLE 101531 0 0 TIMKEN CO COM 887389104 4630.5 91875 SH SOLE 91875 0 0 TITAN MACHINERY INC COM 88830R101 2962.81466 102947 SH SOLE 102947 0 0 TJX COS INC NEW COM 872540109 213.95469 4073 SH SOLE 4073 0 0 TREDEGAR CORP COM 894650100 1245.1943 67858 SH SOLE 67858 0 0 TREEHOUSE FOODS INC COM 89469A104 3784.96449 69309 SH SOLE 69309 0 0 TRIQUINT SEMICONDUCTOR COM 89674K103 1309.47614 128506 SH SOLE 128506 0 0 TRIUMPH GROUP INC NEW COM 896818101 5722.26512 57464 SH SOLE 57464 0 0 UNILEVER NV COM 904784709 720.2691 21926 SH SOLE 21926 0 0 UNITED STATIONERS INC COM 913004107 4841.47407 136649 SH SOLE 136649 0 0 UNITED TECHNOLOGIES CP COM 913017109 238.79998 2698 SH SOLE 2698 0 0 UNITIL CORP COM 913259107 1561.0628 59356 SH SOLE 59356 0 0 UNITRIN INC COM 913275103 2366.00448 79744 SH SOLE 79744 0 0 URS CORP NEW COM 903236107 5263.2136 117640 SH SOLE 117640 0 0 V F CORP COM 918204108 3610.37992 33257 SH SOLE 33257 0 0 VENTAS INC COM 92276F100 953.78745 18095 SH SOLE 18095 0 0 VERIZON COMMUNICATIONS COM 92343V104 4387.62996 117852 SH SOLE 117852 0 0 VIROPHARMA INC. COM 928241108 3328.964 179944 SH SOLE 179944 0 0 VISA INC COM 92826C839 401.9202 4770 SH SOLE 4770 0 0 VORNADO REALTY TRUST COM 929042109 1017.89832 10924 SH SOLE 10924 0 0 WAL MART STORES INC COM 931142103 380.80124 7166 SH SOLE 7166 0 0 WALGREEN CO COM 931422109 6904.76028 162618 SH SOLE 162618 0 0 WALT DISNEY CO COM 254687106 3175.86496 81349 SH SOLE 81349 0 0 WASHINGTON BANKING CORP COM 937303105 3472.73536 262688 SH SOLE 262688 0 0 WASTE MGMT INC DEL COM 94106L109 211.3209 5670 SH SOLE 5670 0 0 WATTS WATER TECHNLGS CL A COM 942749102 1881.93527 53147 SH SOLE 53147 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 5356.87059 104199 SH SOLE 104199 0 0 WELLS FARGO & CO COM 949746101 3404.21114 121319 SH SOLE 121319 0 0 WERNER ENTERPRISES INC COM 950755108 1887.6177 75354 SH SOLE 75354 0 0 WINTRUST FINL CORP COM 97650W108 3189.6816 99120 SH SOLE 99120 0 0 ZIONS BANCORPORATION COM 989701107 3048.52569 126969 SH SOLE 126969 0 0

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES / SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE