0001140361-12-025314.txt : 20120515 0001140361-12-025314.hdr.sgml : 20120515 20120515145304 ACCESSION NUMBER: 0001140361-12-025314 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bridgewater Associates, LP CENTRAL INDEX KEY: 0001350694 IRS NUMBER: 132871809 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11794 FILM NUMBER: 12843682 BUSINESS ADDRESS: STREET 1: ONE GLENDINNING PLACE CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 203-226-3030 MAIL ADDRESS: STREET 1: ONE GLENDINNING PLACE CITY: WESTPORT STATE: CT ZIP: 06880 FORMER COMPANY: FORMER CONFORMED NAME: Bridgewater Associates, Inc. DATE OF NAME CHANGE: 20060123 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2012 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: Bridgewater Associates, LP Address: One Glendinning Place Westport, CT 06880 Form 13F File Number: 28-11794 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, lists, and tables, are considered integral parts of this submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Helene Glotzer Title: Chief Compliance Officer Phone: 203-226-3030 Signature, Place, and Date of Signing: /s/ Helene Glotzer Westport, CT 5/14/2012 --------------------------------- --------------------------------- ---------- [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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 261 Form 13F Information Table Value Total: $ 6,429,010 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F 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 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- -------------- --------- ---------- ------------------- ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- -------------- --------- ---------- ---------- --- ---- ---------- -------- ---- ------ ---- 3M CO COM 88579Y101 7895.35 88503 SH SOLE N/A SOLE 0 0 Abercrombie & Fitch Co CL A 002896207 491.88 9915 SH SOLE N/A SOLE 0 0 Activision Blizzard Inc COM 00507V109 1540.96 120200 SH SOLE N/A SOLE 0 0 Advance Auto Parts Inc COM 00751Y106 3038.93 34311 SH SOLE N/A SOLE 0 0 AEROPOSTALE INC COM 007865108 2910.22 134608 SH SOLE N/A SOLE 0 0 AETNA INC COM 00817Y108 415.63 8286 SH SOLE N/A SOLE 0 0 AFLAC INC COM 001055102 1205.26 26207 SH SOLE N/A SOLE 0 0 AGCO CORP COM 001084102 938.53 19880 SH SOLE N/A SOLE 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 2048.84 46031 SH SOLE N/A SOLE 0 0 ALBEMARLE CORP COM 012653101 3664.98 57337 SH SOLE N/A SOLE 0 0 ALCOA INC COM 013817101 411.64 41082 SH SOLE N/A SOLE 0 0 ALEXANDER & BALDWIN INC COM 014482103 4000.42 82568 SH SOLE N/A SOLE 0 0 ALLERGAN INC COM 018490102 2948.60 30898 SH SOLE N/A SOLE 0 0 American Capital Ltd COM 02503Y103 3564.04 410604 SH SOLE N/A SOLE 0 0 American Eagle Outfitters Inc COM 02553E106 377.63 21968 SH SOLE N/A SOLE 0 0 AMERICAN EXPRESS CO COM 025816109 1687.02 29157 SH SOLE N/A SOLE 0 0 American Tower Corp COM 03027X100 1667.76 26464 SH SOLE N/A SOLE 0 0 AMERISOURCEBERGEN CORP COM 03073E105 13096.13 330210 SH SOLE N/A SOLE 0 0 AMGEN INC COM 031162100 6062.72 89197 SH SOLE N/A SOLE 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 2874.67 115171 SH SOLE N/A SOLE 0 0 Analog Devices Inc COM 032654105 979.42 24243 SH SOLE N/A SOLE 0 0 APACHE CORP COM 037411105 712.92 7098 SH SOLE N/A SOLE 0 0 Apollo Group Inc CL A 037604105 1616.58 41837 SH SOLE N/A SOLE 0 0 Apple Inc COM 037833100 5216.09 8700 SH SOLE N/A SOLE 0 0 APPLIED MATERIALS INC COM 038222105 15140.44 1216588 SH SOLE N/A SOLE 0 0 AT&T Inc COM 00206R102 14368.92 460100 SH SOLE N/A SOLE 0 0 AUTODESK INC COM 052769106 3224.87 76202 SH SOLE N/A SOLE 0 0 Automatic Data Processing Inc COM 053015103 2842.73 51508 SH SOLE N/A SOLE 0 0 AUTOZONE INC COM 053332102 3935.13 10584 SH SOLE N/A SOLE 0 0 AVALONBAY COMMUNITIES INC COM 053484101 1248.83 8835 SH SOLE N/A SOLE 0 0 AVERY DENNISON CORP COM 053611109 3279.14 108833 SH SOLE N/A SOLE 0 0 BANK OF MONTREAL COM 063671101 6505.21 109700 SH SOLE N/A SOLE 0 0 BANK OF NOVA SCOTIA COM 064149107 10388.09 185900 SH SOLE N/A SOLE 0 0 Baxter International Inc COM 071813109 1808.35 30250 SH SOLE N/A SOLE 0 0 BB&T Corp COM 054937107 803.58 25600 SH SOLE N/A SOLE 0 0 BECTON DICKINSON & CO COM 075887109 799.80 10300 SH SOLE N/A SOLE 0 0 BED BATH & BEYOND INC COM 075896100 1138.28 17307 SH SOLE N/A SOLE 0 0 BERKSHIRE HATHAWAY INC-CL B CL B NEW 084670702 2569.37 31662 SH SOLE N/A SOLE 0 0 BEST BUY CO INC COM 086516101 6467.60 273125 SH SOLE N/A SOLE 0 0 BIG LOTS INC COM 089302103 2939.21 68322 SH SOLE N/A SOLE 0 0 BMC SOFTWARE INC COM 055921100 19090.46 475360 SH SOLE N/A SOLE 0 0 BORGWARNER INC COM 099724106 1231.45 14601 SH SOLE N/A SOLE 0 0 Broadcom Corp CL A 111320107 11088.02 282138 SH SOLE N/A SOLE 0 0 Brocade Communications Systems Inc COM NEW 111621306 3123.03 543135 SH SOLE N/A SOLE 0 0 CA INC COM 12673P105 14982.64 543637 SH SOLE N/A SOLE 0 0 CACI International Inc CL A 127190304 2921.53 46902 SH SOLE N/A SOLE 0 0 CAMPBELL SOUP CO COM 134429109 1742.73 51484 SH SOLE N/A SOLE 0 0 Canadian Imperial Bank of COM 136069101 5214.82 68400 SH SOLE N/A SOLE 0 0 Commerce/Canada Canadian National Railway Co COM 136375102 7340.40 92600 SH SOLE N/A SOLE 0 0 CANADIAN NATURAL RESOURCES COM 136385101 9438.63 285500 SH SOLE N/A SOLE 0 0 CANADIAN PACIFIC RAILWAY LTD COM 13645T100 3194.96 42200 SH SOLE N/A SOLE 0 0 CAPITAL ONE FINANCIAL CORP COM 14040H105 1597.68 28663 SH SOLE N/A SOLE 0 0 CARDINAL HEALTH INC COM 14149Y108 1254.50 29100 SH SOLE N/A SOLE 0 0 CATERPILLAR INC COM 149123101 7657.40 71887 SH SOLE N/A SOLE 0 0 CBS CORP CL B 124857202 10115.39 298301 SH SOLE N/A SOLE 0 0 CELGENE CORP COM 151020104 10192.25 131479 SH SOLE N/A SOLE 0 0 CENOVUS ENERGY INC-W/I COM 15135U109 7101.02 197800 SH SOLE N/A SOLE 0 0 CERNER CORP COM 156782104 243.33 3195 SH SOLE N/A SOLE 0 0 Charles Schwab Corp/The COM 808513105 224.76 15641 SH SOLE N/A SOLE 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- -------------- --------- ---------- ------------------- ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- -------------- --------- ---------- ---------- --- ---- ---------- -------- ---- ------ ---- Cheesecake Factory/The COM 163072101 2738.65 93183 SH SOLE N/A SOLE 0 0 Chevron Corp COM 166764100 3638.17 33935 SH SOLE N/A SOLE 0 0 Ciena Corp COM NEW 171779309 2309.76 142666 SH SOLE N/A SOLE 0 0 Cigna Corp COM 125509109 4208.86 85459 SH SOLE N/A SOLE 0 0 CISCO SYSTEMS INC COM 17275R102 12583.83 594980 SH SOLE N/A SOLE 0 0 COMERICA INC COM 200340107 388.61 12009 SH SOLE N/A SOLE 0 0 COMMUNITY HEALTH SYSTEMS INC COM 203668108 3050.51 137163 SH SOLE N/A SOLE 0 0 COMPUTER SCIENCES CORP COM 205363104 442.39 14776 SH SOLE N/A SOLE 0 0 CONAGRA FOODS INC COM 205887102 1012.82 38569 SH SOLE N/A SOLE 0 0 CONSOLIDATED EDISON INC COM 209115104 2035.06 34835 SH SOLE N/A SOLE 0 0 Cooper Industries PLC SHS G24140108 1104.86 17277 SH SOLE N/A SOLE 0 0 CoreLogic Inc COM 21871D103 4528.00 277451 SH SOLE N/A SOLE 0 0 COSTCO WHOLESALE CORP COM 22160K105 5475.33 60301 SH SOLE N/A SOLE 0 0 Covidien Plc SHS G2554F113 2263.75 41400 SH SOLE N/A SOLE 0 0 CR Bard Inc COM 067383109 10560.87 106978 SH SOLE N/A SOLE 0 0 CROWN CASTLE INTL CORP COM 228227104 2890.92 54198 SH SOLE N/A SOLE 0 0 CSX CORP COM 126408103 1129.52 52487 SH SOLE N/A SOLE 0 0 CUMMINS INC COM 231021106 9682.43 80660 SH SOLE N/A SOLE 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 1168.98 74791 SH SOLE N/A SOLE 0 0 CYTEC INDUSTRIES INC COM 232820100 3744.72 61601 SH SOLE N/A SOLE 0 0 DANAHER CORP COM 235851102 5520.98 98589 SH SOLE N/A SOLE 0 0 DAVITA INC COM 23918K108 13639.38 151263 SH SOLE N/A SOLE 0 0 DEERE & CO COM 244199105 6489.64 80218 SH SOLE N/A SOLE 0 0 DELL INC COM 24702R101 19784.24 1192181 SH SOLE N/A SOLE 0 0 Denbury Resources Inc COM NEW 247916208 6086.60 333878 SH SOLE N/A SOLE 0 0 Dillard's Inc CL A 254067101 507.69 8056 SH SOLE N/A SOLE 0 0 DIRECTV COM CL A 25490A101 6457.22 130872 SH SOLE N/A SOLE 0 0 DOLLAR TREE INC COM 256746108 2255.76 23873 SH SOLE N/A SOLE 0 0 DOVER CORP COM 260003108 3100.24 49257 SH SOLE N/A SOLE 0 0 DR HORTON INC COM 23331A109 233.62 15400 SH SOLE N/A SOLE 0 0 DreamWorks Animation SKG Inc CL A 26153C103 2062.95 111813 SH SOLE N/A SOLE 0 0 Eastman Chemical Co COM 277432100 907.06 17548 SH SOLE N/A SOLE 0 0 EATON CORP COM 278058102 505.38 10142 SH SOLE N/A SOLE 0 0 EI Du Pont de Nemours & Co COM 263534109 1452.58 27459 SH SOLE N/A SOLE 0 0 Elan Corp PLC ADR 284131208 1252.91 83472 SH SOLE N/A SOLE 0 0 ELECTRONIC ARTS INC COM 285512109 7510.37 455588 SH SOLE N/A SOLE 0 0 EMC Corp/Massachusetts COM 268648102 4153.32 139000 SH SOLE N/A SOLE 0 0 EMERSON ELECTRIC CO COM 291011104 2925.16 56059 SH SOLE N/A SOLE 0 0 ENBRIDGE INC COM 29250N105 7786.74 201000 SH SOLE N/A SOLE 0 0 ENCANA CORP COM 292505104 3590.85 183300 SH SOLE N/A SOLE 0 0 EQT Corporation COM 26884L109 2602.23 53977 SH SOLE N/A SOLE 0 0 Equinix Inc COM NEW 29444U502 1744.39 11079 SH SOLE N/A SOLE 0 0 Express Scripts Holding Co COM 30219G108 5802.14 107090 SH SOLE N/A SOLE 0 0 FIFTH THIRD BANCORP COM 316773100 316.01 22500 SH SOLE N/A SOLE 0 0 FISERV INC COM 337738108 2872.33 41394 SH SOLE N/A SOLE 0 0 Flextronics International Ltd ORD Y2573F102 3363.05 465796 SH SOLE N/A SOLE 0 0 FRANKLIN RESOURCES INC COM 354613101 825.67 6657 SH SOLE N/A SOLE 0 0 FREEPORT-MCMORAN COPPER COM 35671D857 9681.18 254500 SH SOLE N/A SOLE 0 0 GAP INC/THE COM 364760108 8922.60 341339 SH SOLE N/A SOLE 0 0 Gardner Denver Inc COM 365558105 748.55 11878 SH SOLE N/A SOLE 0 0 GENERAL DYNAMICS CORP COM 369550108 4927.91 67156 SH SOLE N/A SOLE 0 0 GENERAL ELECTRIC CO COM 369604103 17797.07 886750 SH SOLE N/A SOLE 0 0 GENUINE PARTS CO COM 372460105 1160.81 18499 SH SOLE N/A SOLE 0 0 Genworth Financial Inc COM CL A 37247D106 3085.36 370837 SH SOLE N/A SOLE 0 0 GOODYEAR TIRE & RUBBER CO COM 382550101 1287.24 114727 SH SOLE N/A SOLE 0 0 H&R BLOCK INC COM 093671105 3255.28 197649 SH SOLE N/A SOLE 0 0 Hartford Financial Services Group Inc COM 416515104 3779.96 179315 SH SOLE N/A SOLE 0 0 Health Management Associates Inc CL A 421933102 3107.93 462489 SH SOLE N/A SOLE 0 0 HELMERICH & PAYNE COM 423452101 1428.65 26481 SH SOLE N/A SOLE 0 0 HEWLETT-PACKARD CO COM 428236103 40885.13 1715700 SH SOLE N/A SOLE 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- -------------- --------- ---------- ------------------- ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- -------------- --------- ---------- ---------- --- ---- ---------- -------- ---- ------ ---- HollyFrontier Corp COM 436106108 12031.88 374242 SH SOLE N/A SOLE 0 0 HOME DEPOT INC COM 437076102 3867.83 76880 SH SOLE N/A SOLE 0 0 HUMANA INC COM 444859102 307.40 3324 SH SOLE N/A SOLE 0 0 Huntington Bancshares Inc/OH COM 446150104 240.60 37331 SH SOLE N/A SOLE 0 0 IMPERIAL OIL LTD COM NEW 453038408 10287.64 227000 SH SOLE N/A SOLE 0 0 INTEL CORP COM 458140100 6732.22 239453 SH SOLE N/A SOLE 0 0 INTERNATIONAL PAPER CO COM 460146103 8682.06 247352 SH SOLE N/A SOLE 0 0 INTERPUBLIC GROUP OF COS INC COM 460690100 4781.68 419078 SH SOLE N/A SOLE 0 0 INTUIT INC COM 461202103 3510.22 58348 SH SOLE N/A SOLE 0 0 Intuitive Surgical Inc COM NEW 46120E602 6787.04 12528 SH SOLE N/A SOLE 0 0 IRON MOUNTAIN INC COM 462846106 3035.43 105397 SH SOLE N/A SOLE 0 0 ISHARES IBOXX INV GR CORP BD IBOXX INV CPBD 464287242 36097.03 312177 SH SOLE N/A SOLE 0 0 ISHARES MSCI EMERGING MKT MSCI EMERG MKT 464287234 924343.89 21523900 SH SOLE N/A SOLE 0 0 ISHARES S&P 500 INDEX FUND S&P 500 INDEX 464287200 24711.75 175000 SH SOLE N/A NONE 0 0 JACK IN THE BOX INC COM 466367109 2941.50 122716 SH SOLE N/A SOLE 0 0 Jarden Corp COM 471109108 3327.54 82713 SH SOLE N/A SOLE 0 0 JB Hunt Transport Services Inc COM 445658107 880.20 16189 SH SOLE N/A SOLE 0 0 JC Penney Co Inc COM 708160106 2390.39 67468 SH SOLE N/A SOLE 0 0 JOHNSON & JOHNSON COM 478160104 14649.25 222093 SH SOLE N/A SOLE 0 0 JOY GLOBAL INC COM 481165108 11626.67 158186 SH SOLE N/A SOLE 0 0 KEYCORP COM 493267108 242.61 28542 SH SOLE N/A SOLE 0 0 Kla-Tencor Corp COM 482480100 15184.38 279022 SH SOLE N/A SOLE 0 0 Kohl's Corp COM 500255104 16891.08 337619 SH SOLE N/A SOLE 0 0 Kroger Co/The COM 501044101 17230.27 711113 SH SOLE N/A SOLE 0 0 Laboratory Corp of America Holdings COM NEW 50540R409 3503.33 38271 SH SOLE N/A SOLE 0 0 LAM RESEARCH CORP COM 512807108 8435.14 189044 SH SOLE N/A SOLE 0 0 Lamar Advertising Co CL A 512815101 2076.15 64059 SH SOLE N/A SOLE 0 0 LEGG MASON INC COM 524901105 3355.31 120133 SH SOLE N/A SOLE 0 0 LEGGETT & PLATT INC COM 524660107 580.73 25238 SH SOLE N/A SOLE 0 0 Liberty Global Inc COM SER A 530555101 3129.95 62499 SH SOLE N/A SOLE 0 0 Life Technologies Corp COM 53217V109 8632.35 176820 SH SOLE N/A SOLE 0 0 LINCARE HOLDINGS INC COM 532791100 3146.70 121588 SH SOLE N/A SOLE 0 0 LINEAR TECHNOLOGY CORP COM 535678106 7875.59 233697 SH SOLE N/A SOLE 0 0 Lorillard Inc COM 544147101 4908.07 37906 SH SOLE N/A SOLE 0 0 Ltd Brands Inc COM 532716107 5917.10 123273 SH SOLE N/A SOLE 0 0 M&T Bank Corp COM 55261F104 860.11 9900 SH SOLE N/A SOLE 0 0 Macy's Inc COM 55616P104 6205.83 156200 SH SOLE N/A SOLE 0 0 ManpowerGroup COM 56418H100 724.33 15291 SH SOLE N/A SOLE 0 0 Marriott International Inc/DE CL A 571903202 1110.37 29336 SH SOLE N/A SOLE 0 0 Martin Marietta Materials Inc COM 573284106 3693.48 43133 SH SOLE N/A SOLE 0 0 MASCO CORP COM 574599106 726.35 54327 SH SOLE N/A SOLE 0 0 McGraw-Hill Cos Inc/The COM 580645109 8137.92 167896 SH SOLE N/A SOLE 0 0 MCKESSON CORP COM 58155Q103 15238.45 173618 SH SOLE N/A SOLE 0 0 Medicis Pharmaceutical Corp CL A NEW 584690309 2866.43 76255 SH SOLE N/A SOLE 0 0 MEDTRONIC INC COM 585055106 4785.10 122100 SH SOLE N/A SOLE 0 0 MEMC Electronic Materials Inc COM 552715104 4160.23 1152417 SH SOLE N/A SOLE 0 0 METLIFE INC COM 59156R108 1684.49 45100 SH SOLE N/A SOLE 0 0 MGM Resorts International COM 552953101 1532.25 112500 SH SOLE N/A SOLE 0 0 Microsoft Corp COM 594918104 22188.34 687904 SH SOLE N/A SOLE 0 0 MOODY'S CORP COM 615369105 2805.80 66646 SH SOLE N/A SOLE 0 0 Motorola Solutions Inc COM NEW 620076307 11600.88 228229 SH SOLE N/A SOLE 0 0 Mylan Inc COM 628530107 6955.01 296589 SH SOLE N/A SOLE 0 0 NCR Corp COM 62886E108 2671.09 123035 SH SOLE N/A SOLE 0 0 NetApp Inc COM 64110D104 12896.58 288063 SH SOLE N/A SOLE 0 0 NEWMONT MINING CORP COM 651639106 14309.76 279106 SH SOLE N/A SOLE 0 0 News Corp CL A 65248E104 14106.45 715700 SH SOLE N/A SOLE 0 0 NORDSTROM INC COM 655664100 750.88 13476 SH SOLE N/A SOLE 0 0 NORFOLK SOUTHERN CORP COM 655844108 16740.04 254292 SH SOLE N/A SOLE 0 0 NORTHERN TRUST CORP COM 665859104 2223.55 46861 SH SOLE N/A SOLE 0 0 NORTHROP GRUMMAN CORP COM 666807102 9960.38 163071 SH SOLE N/A SOLE 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- -------------- --------- ---------- ------------------- ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- -------------- --------- ---------- ---------- --- ---- ---------- -------- ---- ------ ---- NUCOR CORP COM 670346105 1280.51 29814 SH SOLE N/A SOLE 0 0 Oceaneering International Inc COM 675232102 3165.88 58747 SH SOLE N/A SOLE 0 0 OMNICARE INC COM 681904108 3602.57 101281 SH SOLE N/A SOLE 0 0 Omnicom Group Inc COM 681919106 4046.02 79882 SH SOLE N/A SOLE 0 0 ORACLE CORP COM 68389X105 34047.16 1167598 SH SOLE N/A SOLE 0 0 OSHKOSH CORP COM 688239201 4084.38 176279 SH SOLE N/A SOLE 0 0 OWENS-ILLINOIS INC COM NEW 690768403 3323.76 142406 SH SOLE N/A SOLE 0 0 PACKAGING CORP OF AMERICA COM 695156109 2898.81 97966 SH SOLE N/A SOLE 0 0 PARKER HANNIFIN CORP COM 701094104 444.99 5263 SH SOLE N/A SOLE 0 0 People's United Financial Inc COM 712704105 9343.22 706215 SH SOLE N/A SOLE 0 0 PIONEER NATURAL RESOURCES CO COM 723787107 2806.82 25153 SH SOLE N/A SOLE 0 0 PNC Financial Services Group Inc COM 693475105 361.14 5600 SH SOLE N/A SOLE 0 0 Principal Financial Group Inc COM 74251V102 350.64 11882 SH SOLE N/A SOLE 0 0 PRUDENTIAL FINANCIAL INC COM 744320102 861.85 13596 SH SOLE N/A SOLE 0 0 QUALCOMM INC COM 747525103 15413.21 226465 SH SOLE N/A SOLE 0 0 Quest Diagnostics Inc COM 74834L100 2140.13 34998 SH SOLE N/A SOLE 0 0 QUICKSILVER RESOURCES INC COM 74837R104 3228.28 640532 SH SOLE N/A SOLE 0 0 Ralph Lauren Corp CL A 751212101 6326.44 36290 SH SOLE N/A SOLE 0 0 REGIONS FINANCIAL CORP COM 7591EP100 330.79 50196 SH SOLE N/A SOLE 0 0 Robert Half International Inc COM 770323103 738.90 24386 SH SOLE N/A SOLE 0 0 Rockwell Automation Inc/DE COM 773903109 321.75 4037 SH SOLE N/A SOLE 0 0 Rockwell Collins Inc COM 774341101 19991.80 347321 SH SOLE N/A SOLE 0 0 ROSS STORES INC COM 778296103 1169.09 20122 SH SOLE N/A SOLE 0 0 ROYAL BANK OF CANADA COM 780087102 14336.88 248000 SH SOLE N/A SOLE 0 0 RR DONNELLEY & SONS CO COM 257867101 4663.19 376367 SH SOLE N/A SOLE 0 0 SAFEWAY INC COM NEW 786514208 14739.27 729306 SH SOLE N/A SOLE 0 0 SBA Communications Corp COM 78388J106 2879.10 56664 SH SOLE N/A SOLE 0 0 SEALED AIR CORP COM 81211K100 3018.15 156300 SH SOLE N/A SOLE 0 0 SHERWIN-WILLIAMS CO/THE COM 824348106 544.00 5006 SH SOLE N/A SOLE 0 0 Southwest Airlines Co COM 844741108 9336.31 1133047 SH SOLE N/A SOLE 0 0 SPDR S&P 500 ETF Trust TR UNIT 78462F103 2326364.25 16,521,300 SH SOLE N/A SOLE 0 0 SPDR S&P 500 ETF Trust TR UNIT 78462F103 393887.81 2,797,300 SH SOLE N/A NONE 0 0 ST JUDE MEDICAL INC COM 790849103 687.96 15526 SH SOLE N/A SOLE 0 0 Stanley Black & Decker Inc COM 854502101 13796.85 179273 SH SOLE N/A SOLE 0 0 STAPLES INC COM 855030102 9970.37 615835 SH SOLE N/A SOLE 0 0 STRYKER CORP COM 863667101 2797.25 50419 SH SOLE N/A SOLE 0 0 SUNCOR ENERGY INC COM 867224107 13498.78 414200 SH SOLE N/A SOLE 0 0 SUNTRUST BANKS INC COM 867914103 882.88 36528 SH SOLE N/A SOLE 0 0 SYMANTEC CORP COM 871503108 7588.10 405781 SH SOLE N/A SOLE 0 0 T ROWE PRICE GROUP INC COM 74144T108 5091.90 77977 SH SOLE N/A SOLE 0 0 TALISMAN ENERGY INC COM 87425E103 3462.29 276100 SH SOLE N/A SOLE 0 0 TARGET CORP COM 87612E106 3094.14 53100 SH SOLE N/A SOLE 0 0 TD AMERITRADE HOLDING CORP COM 87236Y108 413.69 20957 SH SOLE N/A SOLE 0 0 TE Connectivity Ltd REG SHS H84989104 665.18 18100 SH SOLE N/A SOLE 0 0 TEREX CORP COM 880779103 5093.24 226366 SH SOLE N/A SOLE 0 0 Tesoro Corp COM 881609101 20447.60 761833 SH SOLE N/A SOLE 0 0 TEXAS INSTRUMENTS INC COM 882508104 962.09 28625 SH SOLE N/A SOLE 0 0 TEXTRON INC COM 883203101 657.34 23620 SH SOLE N/A SOLE 0 0 Thermo Fisher Scientific Inc COM 883556102 6104.09 108267 SH SOLE N/A SOLE 0 0 TIMKEN CO COM 887389104 1101.82 21715 SH SOLE N/A SOLE 0 0 TJX Cos Inc COM 872540109 547.12 13778 SH SOLE N/A SOLE 0 0 TORONTO-DOMINION BANK COM NEW 891160509 13012.24 153700 SH SOLE N/A SOLE 0 0 TRANSCANADA CORP COM 89353D107 8017.78 187200 SH SOLE N/A SOLE 0 0 TYCO INTERNATIONAL LTD SHS H89128104 2170.96 38643 SH SOLE N/A SOLE 0 0 UNION PACIFIC CORP COM 907818108 4253.84 39578 SH SOLE N/A SOLE 0 0 UNITED TECHNOLOGIES CORP COM 913017109 12214.32 147267 SH SOLE N/A SOLE 0 0 UNITEDHEALTH GROUP INC COM 91324P102 4244.03 72006 SH SOLE N/A SOLE 0 0 US BANCORP COM NEW 902973304 268.77 8484 SH SOLE N/A SOLE 0 0 VALERO ENERGY CORP COM 91913Y100 19843.75 770033 SH SOLE N/A SOLE 0 0 Vanguard MSCI Emerging Markets MSCI EMR MKT 922042858 1341659.04 30864022 SH SOLE N/A SOLE 0 0 ETF

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- -------------- --------- ---------- ------------------- ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- -------------- --------- ---------- ---------- --- ---- ---------- -------- ---- ------ ---- VARIAN MEDICAL SYSTEMS INC COM 92220P105 2818.05 40865 SH SOLE N/A SOLE 0 0 VENTAS INC COM 92276F100 4535.34 79428 SH SOLE N/A SOLE 0 0 VERISIGN INC COM 92343E102 3607.32 94063 SH SOLE N/A SOLE 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 17257.02 451400 SH SOLE N/A SOLE 0 0 Viacom Inc-Class B CL B 92553P201 12372.82 260700 SH SOLE N/A SOLE 0 0 Virgin Media Inc COM 92769L101 4399.18 176108 SH SOLE N/A SOLE 0 0 WALGREEN CO COM 931422109 3568.23 106546 SH SOLE N/A SOLE 0 0 WAL-MART STORES INC COM 931142103 5605.92 91600 SH SOLE N/A SOLE 0 0 Walt Disney Co/The COM DISNEY 254687106 4533.07 103542 SH SOLE N/A SOLE 0 0 WATSON PHARMACEUTICALS INC COM 942683103 7114.66 106094 SH SOLE N/A SOLE 0 0 Weatherford International Ltd REG SHS H27013103 455.11 30160 SH SOLE N/A SOLE 0 0 WellCare Health Plans Inc COM 94946T106 3256.09 45299 SH SOLE N/A SOLE 0 0 WELLPOINT INC. COM 94973V107 6805.54 92216 SH SOLE N/A SOLE 0 0 WEYERHAEUSER CO COM 962166104 3114.09 142066 SH SOLE N/A SOLE 0 0 WHOLE FOODS MARKET INC COM 966837106 6656.83 80010 SH SOLE N/A SOLE 0 0 WILLIAMS COS INC COM 969457100 3790.92 123042 SH SOLE N/A SOLE 0 0 WILLIAMS-SONOMA INC COM 969904101 3000.39 80053 SH SOLE N/A SOLE 0 0 WYNN RESORTS LTD COM 983134107 4008.65 32100 SH SOLE N/A SOLE 0 0 XEROX CORP COM 984121103 15648.36 1937878 SH SOLE N/A SOLE 0 0 XILINX INC COM 983919101 4261.96 116830 SH SOLE N/A SOLE 0 0 YAHOO! INC COM 984332106 7956.85 522789 SH SOLE N/A SOLE 0 0 ZIMMER HOLDINGS INC COM 98956P102 7019.89 109208 SH SOLE N/A SOLE 0 0