0001540880-13-000003.txt : 20130422 0001540880-13-000003.hdr.sgml : 20130422 20130422100334 ACCESSION NUMBER: 0001540880-13-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130422 DATE AS OF CHANGE: 20130422 EFFECTIVENESS DATE: 20130422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND CENTRAL INDEX KEY: 0001540880 IRS NUMBER: 000000000 STATE OF INCORPORATION: V7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14940 FILM NUMBER: 13772865 BUSINESS ADDRESS: STREET 1: P.O. BOX 3069 CITY: STOCKHOLM STATE: V7 ZIP: SE 10361 BUSINESS PHONE: 004687877500 MAIL ADDRESS: STREET 1: P.O. BOX 3069 CITY: STOCKHOLM STATE: V7 ZIP: SE 10361 13F-HR 1 13f20130331.txt 20130331 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 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: FJARDE AP-FONDEN/FOURTH SWEDISH NATIONAL PENSION FUND Address: P.O. BOX 3069 SE 103 61 STOCKHOLM, SWEDEN Form 13F File Number: 28- 14677 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 form. Person Signing this Report on Behalf of Reporting Manager: Name: PETER EDLING Title: CONTROLLER Phone: 004687877577 Signature, Place, and Date of Signing: /s/Peter Edling Stockholm, Sweden April 19, 2013 ---------------------------- ------------------ --------------------- [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 of Other Included Managers: 0 Form 13F Information Table Entry Total: 599 Form 13F Information Table Value Total: $4,724,100 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. Number Form 13F File Number Name ------ -------------------- ---- [ ] 28- [ ] [ ] 28- [ ] FORM 13F INFORMATION TABLE [ NAME ] FOR THE QUARTER ENDED [DECEMBER 31], 2011

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- ------------ --- ---- ---------- -------- ---------- ----------- ---- 3M COM 88579Y101 22,255 209,339 SH SOLE 22,255 ABBOTT LAB COM 002824100 17,459 494,307 SH SOLE 17,459 ABBVIE COM 00287Y109 20,412 500,543 SH SOLE 20,412 ACCENTURE COM G1151C101 15,560 204,812 SH SOLE 15,560 ACE COM H0023R105 9,782 109,340 SH SOLE 9,782 ACTAVIS COM 00507K103 3,717 40,357 SH SOLE 3,717 ACTIVISION COM 00507V109 2,428 164,514 SH SOLE 2,428 ADOBE COM 00724F101 6,916 158,953 SH SOLE 6,916 ADT CORP COM 00101J106 3,547 72,486 SH SOLE 3,547 ADVANCE AUTO COM 00751Y106 2,258 27,297 SH SOLE 2,258 AES COM 00130H105 2,519 200,426 SH SOLE 2,519 AETNA COM 00817Y108 5,499 107,578 SH SOLE 5,499 AFFIL MANAGERS COM 008252108 2,940 19,143 SH SOLE 2,940 AFLAC COM 001055102 7,830 150,526 SH SOLE 7,830 AGCO CORP COM 001084102 1,838 35,262 SH SOLE 1,838 AGILENT COM 00846U101 4,758 113,042 SH SOLE 4,758 AIG COM 026874784 17,281 445,153 SH SOLE 17,281 AIR PRODUCTS COM 009158106 5,929 67,509 SH SOLE 5,929 AIRGAS COM 009363102 1,921 19,369 SH SOLE 1,921 AKAMAI TECH COM 00971T101 2,051 58,124 SH SOLE 2,051 ALBEMARLE CORP COM 012653101 2,142 34,261 SH SOLE 2,142 ALCOA COM 013817101 2,972 348,820 SH SOLE 2,972 ALEXION PHARMA COM 015351109 5,720 62,079 SH SOLE 5,720 ALLEGHANY CORP COM 017175100 1,940 4,900 SH SOLE 1,940 ALLEGHENY COM 01741R102 1,012 31,901 SH SOLE 1,012 ALLERGAN COM 018490102 11,090 99,342 SH SOLE 11,090 ALLIANCE DATA COM 018581108 3,070 18,965 SH SOLE 3,070 ALLIANT ENERGY COM 018802108 2,087 41,586 SH SOLE 2,087 ALLSTATE COM 020002101 7,539 153,645 SH SOLE 7,539 ALTERA COM 021441100 3,662 103,247 SH SOLE 3,662 ALTRIA COM 02209S103 22,600 648,987 SH SOLE 22,600 AMAZON COM 023135106 30,916 116,013 SH SOLE 30,916 AMEREN COM 023608102 2,681 76,560 SH SOLE 2,681 AMERICAN CAPITAL COM 02503X105 5,155 151,681 SH SOLE 5,155 AMERICAN EXPRESS COM 025816109 21,909 324,772 SH SOLE 21,909 AMERICAN POWER COM 025537101 7,661 157,536 SH SOLE 7,661 AMERICAN TOWER A A 03027X100 9,703 126,145 SH SOLE 9,703 AMERICAN WATER COM 030420103 2,676 64,583 SH SOLE 2,676 AMERIPRISE F COM 03076C106 4,901 66,543 SH SOLE 4,901 AMERISOURCEBERG COM 03073E105 3,970 77,162 SH SOLE 3,970 AMETEK COM 031100100 3,843 88,640 SH SOLE 3,843

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- AMGEN COM 031162100 25,252 246,340 SH SOLE 25,252 AMPHENOL COM 032095101 3,803 50,938 SH SOLE 3,803 ANADARKO COM 032511107 13,635 155,915 SH SOLE 13,635 ANALOG DEVICES COM 032654105 4,453 95,791 SH SOLE 4,453 ANNALY CAPITAL COM 035710409 6,201 379,781 SH SOLE 6,201 ANSYS INC COM 03662Q105 2,726 33,478 SH SOLE 2,726 AON COM 037389103 5,910 96,105 SH SOLE 5,910 APACHE COM 037411105 9,623 124,718 SH SOLE 9,623 APPLE COM 037833100 132,531 299,416 SH SOLE 132,531 APPLIED MATERIAL COM 038222105 5,365 398,029 SH SOLE 5,365 ARCH CAPITAL COM G0450A105 2,614 49,723 SH SOLE 2,614 ARCHER-DANIELS COM 039483102 7,084 210,006 SH SOLE 7,084 ARROW ELEC COM 042735100 1,613 39,700 SH SOLE 1,613 ASSURANT COM 04621X108 1,088 24,180 SH SOLE 1,088 AT N T INC COM 00206R102 66,800 1,820,659 SH SOLE 66,800 AUTODESK COM 052769106 3,027 73,393 SH SOLE 3,027 AUTOLIV US COM 052800109 2,439 35,270 SH SOLE 2,439 AUTOMATIC DATA COM 053015103 10,032 154,292 SH SOLE 10,032 AUTOZONE COM 053332102 4,020 10,133 SH SOLE 4,020 AVAGO TECHNO COM Y0486S104 3,417 94,628 SH SOLE 3,417 AVALONBAY COMM COM 053484101 4,692 36,727 SH SOLE 4,692 AVERY DENNISON COM 053611109 1,224 28,424 SH SOLE 1,224 AVNET COM 053807103 1,915 52,899 SH SOLE 1,915 AVON PRODUCTS COM 054303102 2,904 140,100 SH SOLE 2,904 AXIS CAPITAL COM G0692U109 1,843 44,024 SH SOLE 1,843 BAKER HUGHES COM 057224107 6,563 141,411 SH SOLE 6,563 BALL CORP COM 058498106 2,127 44,702 SH SOLE 2,127 BANK NY MELLON COM 064058100 10,483 374,526 SH SOLE 10,483 BANK OF AMERICA COM 060505104 41,589 3,414,491 SH SOLE 41,589 BARD C R COM 067383109 2,510 24,908 SH SOLE 2,510 BAXTER COM 071813109 12,814 176,410 SH SOLE 12,814 BB N T COM 054937107 7,111 226,547 SH SOLE 7,111 BEAM COM 073730103 2,698 42,465 SH SOLE 2,698 BECTON DICKINSON COM 075887109 6,058 63,359 SH SOLE 6,058 BED BATH BEYOND COM 075896100 4,760 73,887 SH SOLE 4,760 BERKLEY COM 084423102 1,937 43,558 SH SOLE 1,937 BERKSHIRE B B 084670702 26,779 256,992 SH SOLE 26,779 BEST BUY COM 086516101 2,099 94,068 SH SOLE 2,099 BIOGEN IDEC COM 09062X103 13,774 71,402 SH SOLE 13,774 BLACKROCK COM 09247X101 10,981 42,749 SH SOLE 10,981 BLOCK COM 093671105 2,517 85,544 SH SOLE 2,517

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- BMC SOFTWARE COM 055921100 2,313 49,922 SH SOLE 2,313 BOEING COM 097023105 19,594 228,237 SH SOLE 19,594 BORGWARNER COM 099724106 2,793 36,111 SH SOLE 2,793 BOSTON PROP COM 101121101 4,904 48,219 SH SOLE 4,904 BOSTON SCIENTIFI COM 101137107 3,511 449,515 SH SOLE 3,511 BRISTOL-MYERS COM 110122108 21,231 515,452 SH SOLE 21,231 BROADCOM COM 111320107 5,400 155,768 SH SOLE 5,400 BROWN-FORMAN B B 115637209 2,616 36,640 SH SOLE 2,616 BUNGE COM G16962105 4,117 55,764 SH SOLE 4,117 CA COM 12673P105 2,541 100,962 SH SOLE 2,541 CABLEVISION A A 12686C109 877 58,616 SH SOLE 877 CABOT OIL N GAS COM 127097103 4,323 63,937 SH SOLE 4,323 CALPINE CORP COM 131347304 2,355 114,317 SH SOLE 2,355 CAMDEN PROPERTY COM 133131102 2,210 31,889 SH SOLE 2,210 CAMERON COM 13342B105 5,217 80,022 SH SOLE 5,217 CAMPBELL SOUP COM 134429109 2,870 63,275 SH SOLE 2,870 CAPITAL ONE COM 14040H105 10,299 187,420 SH SOLE 10,299 CARDINAL HEALTH COM 14149Y108 4,535 108,252 SH SOLE 4,535 CAREFUSION COM 14170T101 2,449 69,998 SH SOLE 2,449 CARMAX COM 143130102 2,960 70,974 SH SOLE 2,960 CARNIVAL CORP COM 143658300 4,910 143,153 SH SOLE 4,910 CATERPILLAR COM 149123101 17,759 204,197 SH SOLE 17,759 CBRE GROUP COM 12504L109 2,473 97,960 SH SOLE 2,473 CBS B B 124857202 8,841 189,352 SH SOLE 8,841 CELANESE CORP COM 150870103 2,644 60,030 SH SOLE 2,644 CELGENE COM 151020104 15,756 135,932 SH SOLE 15,756 CENTERPOINT COM 15189T107 3,151 131,493 SH SOLE 3,151 CENTURYLINK COM 156700106 6,997 199,171 SH SOLE 6,997 CERNER CORP COM 156782104 4,470 47,180 SH SOLE 4,470 CF INDUSTRIES COM 125269100 3,861 20,284 SH SOLE 3,861 CH ROBINSON COM 12541W209 3,067 51,578 SH SOLE 3,067 CHARLES SCHWAB COM 808513105 6,113 345,552 SH SOLE 6,113 CHARTER COMM COM 16117M305 2,392 22,957 SH SOLE 2,392 CHESAPEAKE ENERG COM 165167107 4,482 219,595 SH SOLE 4,482 CHEVRON COM 166764100 73,923 622,142 SH SOLE 73,923 CHIPOTLE MEXICAN COM 169656105 3,250 9,973 SH SOLE 3,250 CHUBB COM 171232101 7,364 84,129 SH SOLE 7,364 CHURCH DWIGHT COM 171340102 3,378 52,262 SH SOLE 3,378 CIGNA CORP COM 125509109 5,687 91,131 SH SOLE 5,687 CIMAREX ENERGY COM 171798101 2,455 32,539 SH SOLE 2,455 CINCINNATI FINAN COM 172062101 2,226 46,763 SH SOLE 2,226

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- CINTAS CORP COM 172908105 1,538 34,844 SH SOLE 1,538 CISCO COM 17275R102 34,946 1,671,240 SH SOLE 34,946 CIT GROUP COM 125581801 3,046 70,052 SH SOLE 3,046 CITIGROUP COM 172967424 40,774 921,653 SH SOLE 40,774 CITRIX COM 177376100 4,282 59,335 SH SOLE 4,282 CLIFFS NATURAL COM 18683K101 955 50,263 SH SOLE 955 CLOROX COM 189054109 3,377 38,148 SH SOLE 3,377 CME GROUP COM 12572Q105 6,289 102,436 SH SOLE 6,289 CMS ENERGY CORP COM 125896100 2,241 80,218 SH SOLE 2,241 COACH COM 189754104 4,555 91,123 SH SOLE 4,555 COBALT ENERGY COM 19075F106 2,383 84,490 SH SOLE 2,383 COCA COLA COM 191216100 52,743 1,304,227 SH SOLE 52,743 COCA COLA ENT COM 19122T109 3,477 94,174 SH SOLE 3,477 COGNIZANT TECH COM 192446102 7,358 96,045 SH SOLE 7,358 COLGATE COM 194162103 18,136 153,652 SH SOLE 18,136 COMCAST COM 20030N200 8,074 203,780 SH SOLE 8,074 COMCAST A A 20030N101 26,623 633,737 SH SOLE 26,623 COMERICA COM 200340107 2,179 60,601 SH SOLE 2,179 COMPUTER SCIENCE COM 205363104 2,386 48,263 SH SOLE 2,386 CON ED COM 209115104 5,784 94,774 SH SOLE 5,784 CONAGRA FOODS COM 205887102 4,690 130,962 SH SOLE 4,690 CONCHO RESOURCES COM 20605P101 3,673 37,695 SH SOLE 3,673 CONOCO PHILLIPS COM 20825C104 21,538 358,368 SH SOLE 21,538 CONSOL ENERGY COM 20854P109 2,392 71,083 SH SOLE 2,392 CONSTELLATION A A 21036P108 2,458 51,595 SH SOLE 2,458 CONTINENTAL RES COM 212015101 1,510 17,365 SH SOLE 1,510 CORE LABS NV COM N22717107 2,467 17,867 SH SOLE 2,467 CORNING COM 219350105 6,281 471,225 SH SOLE 6,281 COSTCO WHOLESALE COM 22160K105 14,693 138,467 SH SOLE 14,693 COVENTRY HEALTH COM 222862104 1,957 41,507 SH SOLE 1,957 COVIDIEN COM G2554F113 10,335 152,343 SH SOLE 10,335 CREE COM 225447101 2,247 41,064 SH SOLE 2,247 CROWN CASTLE INT COM 228227104 6,488 93,162 SH SOLE 6,488 CROWN HOLDINGS COM 228368106 2,274 54,662 SH SOLE 2,274 CSX COM 126408103 8,107 329,169 SH SOLE 8,107 CUMMINS COM 231021106 6,750 58,282 SH SOLE 6,750 CVS COM 126650100 21,568 392,221 SH SOLE 21,568 DANAHER COM 235851102 11,798 189,750 SH SOLE 11,798 DARDEN REST COM 237194105 2,091 40,458 SH SOLE 2,091 DAVITA HEALTH P COM 23918K108 3,820 32,216 SH SOLE 3,820 DEERE COM 244199105 10,194 117,868 SH SOLE 10,194

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- DELL INC COM 24702R101 6,592 457,366 SH SOLE 6,592 DELPHI AUTO COM G27823106 4,328 97,478 SH SOLE 4,328 DELTA AIR LINES COM 247361702 1,324 80,206 SH SOLE 1,324 DENBURY COM 247916208 2,311 123,902 SH SOLE 2,311 DENTSPLY COM 249030107 1,799 42,347 SH SOLE 1,799 DEVON ENERGY COM 25179M103 7,031 124,619 SH SOLE 7,031 DIAMOND OFFSHORE COM 25271C102 1,516 21,794 SH SOLE 1,516 DICKS SPORTING COM 253393102 1,665 35,192 SH SOLE 1,665 DIGITAL COM 253868103 3,244 48,486 SH SOLE 3,244 DIRECTV GROUP COM 25490A309 10,352 182,864 SH SOLE 10,352 DISCOVER FIN COM 254709108 7,262 161,953 SH SOLE 7,262 DISCOVERY HOLD A A 25470F104 3,181 40,393 SH SOLE 3,181 DISCOVERY HOLD C C 25470F302 2,357 33,901 SH SOLE 2,357 DISH NET A A 25470M109 3,057 80,664 SH SOLE 3,057 DOLBY LABORATOR COM 25659T107 668 19,907 SH SOLE 668 DOLLAR GENERAL COM 256677105 5,146 101,738 SH SOLE 5,146 DOLLAR TREE COM 256746108 3,438 70,980 SH SOLE 3,438 DOMINION COM 25746U109 10,794 185,528 SH SOLE 10,794 DOVER CORP COM 260003108 3,984 54,670 SH SOLE 3,984 DOW CHEMICAL COM 260543103 12,004 373,132 SH SOLE 12,004 DR HORTON COM 23331A109 2,449 100,762 SH SOLE 2,449 DR PEPPER COM 26138E109 3,191 67,424 SH SOLE 3,191 DTE COM 233331107 3,580 51,925 SH SOLE 3,580 DU PONT COM 263534109 14,454 294,015 SH SOLE 14,454 DUKE ENERGY COM 26441C204 16,465 226,823 SH SOLE 16,465 DUKE REALTY COM 264411505 2,009 118,329 SH SOLE 2,009 DUN N BRADSTREET COM 26483E100 1,120 13,387 SH SOLE 1,120 EASTMAN CHEMICAL COM 277432100 3,365 48,166 SH SOLE 3,365 EATON PLC COM 278058102 9,114 148,802 SH SOLE 9,114 EATON VANCE COM 278265103 1,758 42,023 SH SOLE 1,758 EBAY COM 278642103 20,251 373,503 SH SOLE 20,251 ECOLAB COM 278865100 7,749 96,367 SH SOLE 7,749 EDISON COM 281020107 5,134 101,343 SH SOLE 5,134 EDWARDS LIFE COM 28176E108 2,993 36,430 SH SOLE 2,993 ELECTRONIC ARTS COM 285512109 1,753 99,044 SH SOLE 1,753 ELI LILLY COM 532457108 19,121 336,689 SH SOLE 19,121 EMC COM 268648102 15,853 663,576 SH SOLE 15,853 EMERSON EL COM 291011104 12,920 231,260 SH SOLE 12,920 ENERGEN CORP COM 29265N108 1,398 26,870 SH SOLE 1,398 ENERGIZER COM 29266R108 2,328 23,343 SH SOLE 2,328 ENSCO A A G3157S106 4,478 74,627 SH SOLE 4,478

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ----

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- ENTERGY COM 29364G103 3,629 57,377 SH SOLE 3,629 EOG COM 26875P101 11,183 87,317 SH SOLE 11,183 EQT CORP COM 26884L109 3,102 45,790 SH SOLE 3,102 EQUIFAX COM 294429105 2,091 36,316 SH SOLE 2,091 EQUINIX COM 29444U502 3,999 18,489 SH SOLE 3,999 EQUITY RESIDENT COM 29476L107 5,884 106,086 SH SOLE 5,884 ESTEE LAUDER COM 518439104 4,901 76,549 SH SOLE 4,901 EVEREST RE COM G3223R108 2,437 18,763 SH SOLE 2,437 EXELON COM 30161N101 9,509 275,787 SH SOLE 9,509 EXPEDIA COM 30212P303 1,881 31,343 SH SOLE 1,881 EXPEDITORS INTL COM 302130109 2,346 65,693 SH SOLE 2,346 EXPRESS SCRIPTS COM 30219G108 15,117 262,216 SH SOLE 15,117 EXXON MOBIL COM 30231G102 131,316 1,457,285 SH SOLE 131,316 F5 NETWORKS COM 315616102 2,228 25,015 SH SOLE 2,228 FACEBOOK A A 30303M102 15,509 606,289 SH SOLE 15,509 FAMILY DOLLAR COM 307000109 1,853 31,246 SH SOLE 1,853 FASTENAL CO COM 311900104 4,643 90,425 SH SOLE 4,643 FEDERAL REALTY COM 313747206 2,509 23,069 SH SOLE 2,509 FEDEX COM 31428X106 9,099 92,661 SH SOLE 9,099 FIDELITY COM 31620M106 2,872 72,501 SH SOLE 2,872 FIDELITY NAT TIT COM 31620R105 1,880 74,530 SH SOLE 1,880 FIFTH THIRD COM 316773100 4,749 289,242 SH SOLE 4,749 FIRST ENERGY COM 337932107 5,730 135,788 SH SOLE 5,730 FIRST REP BANK COM 33616C100 1,312 33,976 SH SOLE 1,312 FISERV COM 337738108 3,705 42,184 SH SOLE 3,705 FLEXTRONICS COM Y2573F102 1,631 241,344 SH SOLE 1,631 FLIR SYSTEMS COM 302445101 1,221 46,950 SH SOLE 1,221 FLOWSERVE CORP COM 34354P105 2,619 15,579 SH SOLE 2,619 FLUOR CORP COM 343412102 3,506 52,856 SH SOLE 3,506 FMC CORP COM 302491303 2,467 43,155 SH SOLE 2,467 FMC TECHNOLOGIES COM 30249U101 4,114 75,639 SH SOLE 4,114 FORD COM 345370860 14,420 1,096,561 SH SOLE 14,420 FOREST LABS COM 345838106 3,328 87,487 SH SOLE 3,328 FOSSIL COM 349882100 1,560 16,147 SH SOLE 1,560 FRANKLIN COM 354613101 7,397 48,954 SH SOLE 7,397 FREEPORT MCM COM 35671D857 10,144 306,460 SH SOLE 10,144 FRONTIER COMMUNI COM 35906A108 1,235 310,306 SH SOLE 1,235 GAMESTOP CORP A A 36467W109 1,045 37,364 SH SOLE 1,045 GAP COM 364760108 3,578 101,065 SH SOLE 3,578 GARMIN COM H2906T109 1,231 37,262 SH SOLE 1,231 GE COM 369604103 77,728 3,335,328 SH SOLE 77,728

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- GENERAL GROWTH COM 370023103 3,169 159,421 SH SOLE 3,169 GENERAL MILLS COM 370334104 9,817 199,093 SH SOLE 9,817 GENUINE PARTS COM 372460105 3,799 48,701 SH SOLE 3,799 GILEAD COM 375558103 23,731 484,990 SH SOLE 23,731 GM COM 37045V100 8,328 299,359 SH SOLE 8,328 GOLDMAN SACHS COM 38141G104 21,034 142,942 SH SOLE 21,034 GOODYEAR COM 382550101 977 77,446 SH SOLE 977 GOOGLE COM 38259P508 66,745 84,059 SH SOLE 66,745 GRAINGER COM 384802104 4,176 18,560 SH SOLE 4,176 GREEN MOUNTAIN COM 393122106 2,715 47,830 SH SOLE 2,715 HALLIBURTON COM 406216101 12,048 298,147 SH SOLE 12,048 HARLEY DAVIDSON COM 412822108 3,819 71,651 SH SOLE 3,819 HARRIS COM 413875105 1,592 34,356 SH SOLE 1,592 HARTFORD COM 416515104 3,421 132,593 SH SOLE 3,421 HASBRO COM 418056107 1,576 35,878 SH SOLE 1,576 HCA HOLDINGS COM 40412C101 4,096 100,820 SH SOLE 4,096 HCP COM 40414L109 7,180 144,007 SH SOLE 7,180 HEALTH CARE COM 42217K106 5,822 85,732 SH SOLE 5,822 HEINZ CO COM 423074103 7,546 103,671 SH SOLE 7,546 HELMERICH PAYNE COM 423452101 2,028 33,410 SH SOLE 2,028 HENRY SCHEIN COM 806407102 3,116 33,663 SH SOLE 3,116 HERBALIFE COM G4412G101 1,531 40,883 SH SOLE 1,531 HERSHEY COM 427866108 4,419 50,485 SH SOLE 4,419 HERTZ GLOBAL COM 42805T105 2,966 133,255 SH SOLE 2,966 HESS COM 42809H107 7,141 99,726 SH SOLE 7,141 HEWLETT PACKARD COM 428236103 14,998 629,124 SH SOLE 14,998 HOLLYFRONTIER COM 436106108 3,815 74,151 SH SOLE 3,815 HOLOGIC COM 436440101 2,265 100,206 SH SOLE 2,265 HOME DEPOT COM 437076102 33,021 473,217 SH SOLE 33,021 HONEYWELL COM 438516106 17,363 230,429 SH SOLE 17,363 HORMEL FOODS COM 440452100 1,865 45,131 SH SOLE 1,865 HOSPIRA COM 441060100 1,788 54,459 SH SOLE 1,788 HOST HOTELS COM 44107P104 4,030 229,101 SH SOLE 4,030 HUDSON CITY BCP COM 443683107 1,261 145,936 SH SOLE 1,261 HUMANA COM 444859102 3,521 50,754 SH SOLE 3,521 HUNT (J.B.) COM 445658107 2,608 35,022 SH SOLE 2,608 IBM COM 459200101 73,227 343,307 SH SOLE 73,227 IGT COM 459902102 1,290 77,781 SH SOLE 1,290 IHS INC A COM 451734107 2,122 20,259 SH SOLE 2,122 ILLUMINA COM 452327109 2,477 45,863 SH SOLE 2,477 INGERSOLL-RAND COM G47791101 5,351 97,265 SH SOLE 5,351

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- INTEGRYS ENERGY COM 45822P105 1,448 24,903 SH SOLE 1,448 INTEL COM 458140100 34,353 1,572,217 SH SOLE 34,353 INTERCONTXCHANGE COM 45865V100 3,746 22,973 SH SOLE 3,746 INTL FLAVORS COM 459506101 1,898 24,648 SH SOLE 1,898 INTL PAPER COM 460146103 6,199 133,086 SH SOLE 6,199 INTUIT COM 461202103 6,057 92,256 SH SOLE 6,057 INTUITIVE SURGI COM 46120E602 6,297 12,820 SH SOLE 6,297 INVESCO COM G491BT108 4,110 141,906 SH SOLE 4,110 IPG COM 460690100 1,784 136,907 SH SOLE 1,784 IRON MOUNTAIN COM 462846106 1,434 39,209 SH SOLE 1,434 ITW COM 452308109 8,102 132,122 SH SOLE 8,102 JACOBS ENGINEER COM 469814107 2,200 39,122 SH SOLE 2,200 JC PENNY COM 708160106 804 53,212 SH SOLE 804 JM SMUCKER COM 832696405 3,467 34,965 SH SOLE 3,467 JOHNSON CONTROLS COM 478366107 7,688 219,206 SH SOLE 7,688 JOHNSON JOHNSON COM 478160104 71,240 873,789 SH SOLE 71,240 JOY GLOBAL COM 481165108 1,985 33,355 SH SOLE 1,985 JPM COM 46625H100 57,117 1,203,474 SH SOLE 57,117 JUNIPER COM 48203R104 3,090 166,649 SH SOLE 3,090 KANSAS COM 485170302 4,555 41,075 SH SOLE 4,555 KBR COM 48242W106 1,732 53,848 SH SOLE 1,732 KELLOGG COM 487836108 5,228 81,142 SH SOLE 5,228 KEYCORP COM 493267108 3,034 304,585 SH SOLE 3,034 KIMBERLY-CLARK COM 494368103 12,273 125,260 SH SOLE 12,273 KIMCO REALTY COM 49446R109 2,899 129,415 SH SOLE 2,899 KINDER MORGAN COM 49456B101 8,294 214,435 SH SOLE 8,294 KINDER MORGAN M COM 49455U100 3,292 37,469 SH SOLE 3,292 KLA-TENCOR COM 482480100 2,862 54,269 SH SOLE 2,862 KOHLS COM 500255104 3,282 71,156 SH SOLE 3,282 KRAFT FOODS GROU COM 50076Q106 9,260 177,974 SH SOLE 9,260 KROGER COM 501044101 4,887 147,460 SH SOLE 4,887 LAB CORP COM 50540R409 2,708 30,025 SH SOLE 2,708 LAM RESEARCH COM 512807108 2,156 51,992 SH SOLE 2,156 LAS VEGAS SANDS COM 517834107 8,886 157,690 SH SOLE 8,886 LEGG MASON COM 524901105 1,198 37,150 SH SOLE 1,198 LEGGETT N PLATT COM 524660107 1,436 42,141 SH SOLE 1,436 LENNAR CORP A A 526057104 2,266 54,630 SH SOLE 2,266 LEUCADIA NTL COM 527288104 2,571 93,731 SH SOLE 2,571 LEVEL3 COM 52729N308 1,103 54,380 SH SOLE 1,103 LIBERTY GLOBAL A A 530555101 3,881 52,875 SH SOLE 3,881 LIBERTY GLOBAL C C 530555309 2,849 41,506 SH SOLE 2,849

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- LIBERTY INTERACT COM 53071M104 4,213 197,050 SH SOLE 4,213 LIBERTY PROPERTY COM 531172104 1,694 42,102 SH SOLE 1,694 LIBERTY SPINCO I COM 531229102 4,268 38,233 SH SOLE 4,268 LIFE TECHNOLOGIE COM 53217V109 3,542 54,804 SH SOLE 3,542 LIMITED BRANDS COM 532716107 3,517 78,753 SH SOLE 3,517 LINCOLN COM 534187109 2,896 88,802 SH SOLE 2,896 LINEAR TECHNOLOG COM 535678106 2,821 73,511 SH SOLE 2,821 LINKEDIN COM 53578A108 5,893 33,474 SH SOLE 5,893 LKQ CORP COM 501889208 2,438 112,052 SH SOLE 2,438 LOEWS COM 540424108 4,330 98,252 SH SOLE 4,330 LORILLARD COM 544147101 5,039 124,880 SH SOLE 5,039 LOWES COM 548661107 13,617 359,086 SH SOLE 13,617 LSI COM 502161102 1,151 169,836 SH SOLE 1,151 LULULEMON COM 550021109 2,454 39,364 SH SOLE 2,454 LYONDELLBASELL COM N53745100 6,299 97,151 SH SOLE 6,299 M N T BANK COM 55261F104 3,603 34,930 SH SOLE 3,603 MACERICH COM 554382101 3,207 49,810 SH SOLE 3,207 MACY COM 55616P104 5,301 126,698 SH SOLE 5,301 MANPOWERGROUP COM 56418H100 1,622 28,605 SH SOLE 1,622 MARATHON OIL COM 565849106 7,698 228,294 SH SOLE 7,698 MARATHON PETR COM 56585A102 9,730 108,594 SH SOLE 9,730 MARRIOTT COM 571903202 3,431 81,240 SH SOLE 3,431 MARSH N MCLENNAN COM 571748102 6,733 177,332 SH SOLE 6,733 MARTIN MARIETTA COM 573284106 1,683 16,493 SH SOLE 1,683 MARVELL TECH COM G5876H105 1,852 174,088 SH SOLE 1,852 MASCO CORP COM 574599106 2,283 112,740 SH SOLE 2,283 MASTERCARD COM 57636Q104 18,647 34,460 SH SOLE 18,647 MATTEL COM 577081102 4,870 111,215 SH SOLE 4,870 MAXIM INTEGRATED COM 57772K101 3,670 112,392 SH SOLE 3,670 MC DONALDS COM 580135101 32,090 321,897 SH SOLE 32,090 MCCORMICK N CO COM 579780206 2,613 35,527 SH SOLE 2,613 MCGRAW-HILL COM 580645109 4,149 79,672 SH SOLE 4,149 MCKESSON COM 58155Q103 7,829 72,521 SH SOLE 7,829 MDU RESOURCES COM 552690109 1,676 67,086 SH SOLE 1,676 MEAD JOHNSON COM 582839106 5,003 64,597 SH SOLE 5,003 MEADWESTVACO COM 583334107 1,964 54,113 SH SOLE 1,964 MEDTRONIC COM 585055106 15,325 326,338 SH SOLE 15,325 MERCK N CO COM 58933Y105 43,380 971,470 SH SOLE 43,380 METLIFE COM 59156R108 9,743 256,269 SH SOLE 9,743 METROPCS COMM COM 591708102 982 90,093 SH SOLE 982 MGM RESORTS INT COM 552953101 1,803 137,107 SH SOLE 1,803

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- MICROCHIP COM 595017104 2,225 60,539 SH SOLE 2,225 MICRON COM 595112103 3,240 324,682 SH SOLE 3,240 MICROSOFT COM 594918104 68,716 2,401,823 SH SOLE 68,716 MOHAWK IND COM 608190104 2,617 23,137 SH SOLE 2,617 MOLSON COORS B B 60871R209 2,285 46,694 SH SOLE 2,285 MONDELEZ INT COM 609207105 16,450 535,148 SH SOLE 16,450 MONSANTO COM 61166W101 17,838 168,869 SH SOLE 17,838 MONSTER BEVEREGE COM 611740101 2,253 47,203 SH SOLE 2,253 MOODYS COM 615369105 3,496 65,563 SH SOLE 3,496 MORGAN STANLEY COM 617446448 10,545 479,732 SH SOLE 10,545 MOSAIC CO COM 61945C103 5,841 97,993 SH SOLE 5,841 MOTOROLA SOLUT COM 620076307 5,123 79,686 SH SOLE 5,123 MURPHY OIL COM 626717102 3,728 58,499 SH SOLE 3,728 MYLAN LABS COM 628530107 3,828 132,262 SH SOLE 3,828 NABORS IND COM G6359F103 1,478 91,142 SH SOLE 1,478 NASDAQ OMX COM 631103108 1,262 39,066 SH SOLE 1,262 NATIONAL OILWELL COM 637071101 9,583 135,449 SH SOLE 9,583 NETAPP COM 64110D104 3,927 114,970 SH SOLE 3,927 NETFLIX COM 64110L106 3,212 16,957 SH SOLE 3,212 NEW YORK CMNTY B B 649445103 2,314 161,231 SH SOLE 2,314 NEWELL COM 651229106 2,347 89,917 SH SOLE 2,347 NEWFIELD COM 651290108 952 42,466 SH SOLE 952 NEWMONT MINING COM 651639106 6,671 159,244 SH SOLE 6,671 NEWS CORP A A 65248E104 13,856 452,728 SH SOLE 13,856 NEWS CORP B B 65248E203 5,196 168,466 SH SOLE 5,196 NEXTERA ENERGY COM 65339F101 10,011 128,870 SH SOLE 10,011 NIELSEN HOLDINGS COM N63218106 2,243 62,586 SH SOLE 2,243 NIKE B B 654106103 13,591 230,325 SH SOLE 13,591 NISOURCE COM 65473P105 2,709 92,328 SH SOLE 2,709 NOBLE COM H5833N103 3,127 81,974 SH SOLE 3,127 NOBLE ENERGY COM 655044105 6,664 57,617 SH SOLE 6,664 NORDSTROM COM 655664100 2,852 51,642 SH SOLE 2,852 NORFOLK SOUTHERN COM 655844108 7,755 100,604 SH SOLE 7,755 NORTHEAST COM 664397106 4,359 100,295 SH SOLE 4,359 NORTHERN TRUST COM 665859104 3,680 67,455 SH SOLE 3,680 NORTHROP COM 666807102 5,180 73,836 SH SOLE 5,180 NRG ENERGY COM 629377508 2,683 101,288 SH SOLE 2,683 NUANCE COM 67020Y100 1,889 93,626 SH SOLE 1,889 NUCOR COM 670346105 4,835 103,949 SH SOLE 4,835 NVIDIA COM 67066G104 2,584 201,526 SH SOLE 2,584 NYSE EURONEXT COM 629491101 3,008 77,856 SH SOLE 3,008

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- OCCIDENTAL COM 674599105 20,565 260,313 SH SOLE 20,565 OCEANEERING COM 675232102 2,707 40,757 SH SOLE 2,707 OGE ENERGY COM 670837103 2,440 34,867 SH SOLE 2,440 OMNICARE COM 681904108 1,609 39,508 SH SOLE 1,609 OMNICOM COM 681919106 4,953 84,093 SH SOLE 4,953 ONEOK COM 682680103 2,881 60,436 SH SOLE 2,881 ORACLE COM 68389X105 39,992 1,236,619 SH SOLE 39,992 OREILLY COM 67103H107 3,800 37,058 SH SOLE 3,800 OWENS-ILLINOIS COM 690768403 1,292 48,495 SH SOLE 1,292 PACCAR COM 693718108 5,384 106,493 SH SOLE 5,384 PALL CORP COM 696429307 2,423 35,433 SH SOLE 2,423 PARKER HANNIFIN COM 701094104 4,423 48,299 SH SOLE 4,423 PARTNERRE COM G6852T105 2,134 22,914 SH SOLE 2,134 PATTERSON COS COM 703395103 971 25,526 SH SOLE 971 PAYCHEX COM 704326107 3,732 106,414 SH SOLE 3,732 PEABODY ENERGY COM 704549104 1,764 83,407 SH SOLE 1,764 PENTAIR COM 709631105 3,411 64,666 SH SOLE 3,411 PEOPLES UNITED COM 712704105 1,458 108,450 SH SOLE 1,458 PEPCO HOLDINGS COM 713291102 1,570 73,350 SH SOLE 1,570 PEPSICO COM 713448108 38,748 489,802 SH SOLE 38,748 PERRIGO COM 714290103 3,353 28,241 SH SOLE 3,353 PETSMART COM 716768106 2,153 34,663 SH SOLE 2,153 PFIZER COM 717081103 68,192 2,362,864 SH SOLE 68,192 PG N E COM 69331C108 6,259 139,128 SH SOLE 6,259 PHILIP MORRIS COM 718172109 50,037 534,808 SH SOLE 50,037 PHILLIPS 66 COM 718546104 13,149 187,924 SH SOLE 13,149 PINNACLE WEST COM 723484101 1,868 32,261 SH SOLE 1,868 PIONEER NATURAL COM 723787107 5,266 42,369 SH SOLE 5,266 PITNEY BOWES COM 724479100 939 63,220 SH SOLE 939 PLAINS EXPLORAT COM 726505100 2,148 45,252 SH SOLE 2,148 PLUM CREEK TIMB COM 729251108 2,642 50,620 SH SOLE 2,642 PNC COM 693475105 11,035 165,939 SH SOLE 11,035 POLARIS INDU COM 731068102 2,257 24,402 SH SOLE 2,257 PPG INDUSTRIES COM 693506107 6,240 46,585 SH SOLE 6,240 PPL COM 69351T106 5,866 187,360 SH SOLE 5,866 PRAXAIR COM 74005P104 10,621 95,223 SH SOLE 10,621 PRECISION CASTPA COM 740189105 8,814 46,482 SH SOLE 8,814 PRICELINE.COM COM 741503403 10,972 15,950 SH SOLE 10,972 PRINCIPAL COM 74251V102 3,281 96,423 SH SOLE 3,281 PROCTER N GAMBLE COM 742718109 66,692 865,453 SH SOLE 66,692 PROGRESSIVE COM 743315103 4,749 187,912 SH SOLE 4,749

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- PROLOGICS COM 74340W103 5,887 147,253 SH SOLE 5,887 PRUD FIN USA COM 744320102 8,449 143,226 SH SOLE 8,449 PUBLIC SERVICE COM 744573106 5,622 163,723 SH SOLE 5,622 PUBLIC STORAGE COM 74460D109 7,244 47,560 SH SOLE 7,244 PULTE GROUP COM 745867101 2,228 110,078 SH SOLE 2,228 PVH COM 693656100 2,705 25,322 SH SOLE 2,705 QEP RESOURCES IN COM 74733V100 1,750 54,964 SH SOLE 1,750 QUALCOMM COM 747525103 36,120 539,511 SH SOLE 36,120 QUANTA SERVICES COM 74762E102 1,854 64,872 SH SOLE 1,854 QUEST DIAGN COM 74834L100 2,825 49,781 SH SOLE 2,825 RACKSPACE HOSTIN COM 750086100 2,183 43,235 SH SOLE 2,183 RALPH LAUREN COM 751212101 3,271 19,276 SH SOLE 3,271 RANGE RESOURCES COM 75281A109 4,298 53,037 SH SOLE 4,298 RAYONIER COM 754907103 2,618 43,874 SH SOLE 2,618 REALTY INCOME COM 756109104 3,128 68,704 SH SOLE 3,128 RED HAT COM 756577102 3,135 62,002 SH SOLE 3,135 REGENCY CENTERS COM 758849103 1,779 33,622 SH SOLE 1,779 REGENERON COM 75886F107 5,101 28,919 SH SOLE 5,101 REGIONS FINAN COM 7591EP100 3,646 445,217 SH SOLE 3,646 RENAISSANCERE COM G7496G103 1,695 18,426 SH SOLE 1,695 REPUBLIC SVC COM 760759100 3,206 96,475 SH SOLE 3,206 RESMED COM 761152107 2,433 52,472 SH SOLE 2,433 REYNOLDS AMER COM 761713106 4,804 107,982 SH SOLE 4,804 ROBERT HALF COM 770323103 1,447 38,562 SH SOLE 1,447 ROCK-TENN COM 772739207 2,471 26,627 SH SOLE 2,471 ROCKWELL COM 773903109 3,789 43,882 SH SOLE 3,789 ROCKWELL COLLINS COM 774341101 2,539 40,223 SH SOLE 2,539 ROPER INDUSTRIES COM 776696106 3,812 29,946 SH SOLE 3,812 ROSS STORES COM 778296103 4,416 72,843 SH SOLE 4,416 ROWAN COS COM 779382100 1,395 39,456 SH SOLE 1,395 ROYAL CARIBBEAN COM V7780T103 1,695 51,012 SH SOLE 1,695 SAFEWAY COM 786514208 2,025 76,341 SH SOLE 2,025 SAIC COM 78390X101 1,133 83,581 SH SOLE 1,133 SALESFORCE.COM COM 79466L302 7,808 43,662 SH SOLE 7,808 SANDISK COM 80004C101 4,328 78,682 SH SOLE 4,328 SBA COMM COM 78388J106 3,521 48,887 SH SOLE 3,521 SCANA CORP COM 80589M102 2,002 39,137 SH SOLE 2,002 SCHLUMBERGER COM 806857108 32,021 425,870 SH SOLE 32,021 SCRIPPS NETW A A 811065101 1,688 26,239 SH SOLE 1,688 SEAGATE TECH COM G7945M107 3,973 108,683 SH SOLE 3,973 SEALED AIR COM 81211K100 1,380 57,224 SH SOLE 1,380

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- SEARS HOLDINGS COM 812350106 681 13,630 SH SOLE 681 SEI INVESTMENTS COM 784117103 1,474 51,076 SH SOLE 1,474 SEMPRA ENERGY COM 816851109 6,000 74,475 SH SOLE 6,000 SENSATA TECH COM N7902X106 1,417 43,106 SH SOLE 1,417 SHERWIN-WILLIAMS COM 824348106 4,679 27,702 SH SOLE 4,679 SIGMA ALDRICH COM 826552101 2,959 38,097 SH SOLE 2,959 SIMON PROPERTY COM 828806109 15,374 96,961 SH SOLE 15,374 SIRIUS SATELLITE COM 82967N108 4,078 1,323,949 SH SOLE 4,078 SL GREEN REALTY COM 78440X101 2,955 34,188 SH SOLE 2,955 SLM COM 78442P106 3,018 147,352 SH SOLE 3,018 SOUTHERN COM 842587107 13,230 281,973 SH SOLE 13,230 SOUTHWEST AIR COM 844741108 207 15,351 SH SOLE 207 SOUTHWESTERN COM 845467109 4,157 111,564 SH SOLE 4,157 SPECTRA ENERGY COM 847560109 6,482 210,781 SH SOLE 6,482 SPRINT NEXTEL COM 852061100 5,901 950,293 SH SOLE 5,901 SPX CORP COM 784635104 1,474 18,663 SH SOLE 1,474 ST JUDE MEDICAL COM 790849103 4,040 99,294 SH SOLE 4,040 STANLEY BLACK D COM 854502101 3,998 49,374 SH SOLE 3,998 STAPLES COM 855030102 2,949 217,653 SH SOLE 2,949 STARBUCKS COM 855244109 13,606 238,875 SH SOLE 13,606 STARWOOD COM 85590A401 3,898 61,159 SH SOLE 3,898 STATE STREET COM 857477103 8,814 148,509 SH SOLE 8,814 STERICYCLE COM 858912108 2,780 26,185 SH SOLE 2,780 STRYKER COM 863667101 6,381 97,410 SH SOLE 6,381 SUNTRUST COM 867914103 5,003 173,666 SH SOLE 5,003 SUPERIOR ENERGY COM 868157108 1,532 59,000 SH SOLE 1,532 SYMANTEC COM 871503108 5,565 225,489 SH SOLE 5,565 SYNOPSYS COM 871607107 1,932 53,848 SH SOLE 1,932 SYSCO COM 871829107 6,642 188,844 SH SOLE 6,642 T ROWE PRICE COM 74144T108 5,848 78,103 SH SOLE 5,848 TARGET COM 87612E106 13,406 195,855 SH SOLE 13,406 TD AMERITRADE COM 87236Y108 1,626 78,844 SH SOLE 1,626 TE CONNECTIVITY COM H84989104 5,619 134,004 SH SOLE 5,619 TERADATA COM 88076W103 3,135 53,579 SH SOLE 3,135 TEXAS INSTR COM 882508104 12,694 357,781 SH SOLE 12,694 THERMO ELECTRON COM 883556102 8,820 115,086 SH SOLE 8,820 TIFFANY COM 886547108 2,839 40,639 SH SOLE 2,839 TIME WARNER CABL COM 88732J207 9,255 96,342 SH SOLE 9,255 TIME WARNER NEW COM 887317303 17,121 297,135 SH SOLE 17,121 TJX COS COM 872540109 10,889 232,919 SH SOLE 10,889 TOLL BROTHERS COM 889478103 1,953 57,048 SH SOLE 1,953

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- TORCHMARK COM 891027104 1,702 28,469 SH SOLE 1,702 TOTAL SYSTEM COM 891906109 1,224 49,378 SH SOLE 1,224 TRACTOR SUPPLY COM 892356106 2,785 26,745 SH SOLE 2,785 TRANSDIGM GROUP COM 893641100 2,764 18,077 SH SOLE 2,764 TRAVELERS COS COM 89417E109 10,313 122,502 SH SOLE 10,313 TRIMBLE NAVIG COM 896239100 2,844 94,910 SH SOLE 2,844 TRW AUTOMOTIVE COM 87264S106 2,349 42,718 SH SOLE 2,349 TYCO INT COM H89128104 4,761 148,769 SH SOLE 4,761 TYSON FOODS A A 902494103 2,254 90,803 SH SOLE 2,254 UAL CORP COM 910047109 991 30,954 SH SOLE 991 UDR COM 902653104 2,304 95,242 SH SOLE 2,304 ULTA SALON COSME COM 90384S303 1,842 22,698 SH SOLE 1,842 ULTRA PETROLEUM COM 903914109 1,111 55,272 SH SOLE 1,111 UNDER ARMOUR COM 904311107 1,478 28,866 SH SOLE 1,478 UNION PACIFIC COM 907818108 21,364 150,018 SH SOLE 21,364 UNITED HEALTH COM 91324P102 18,327 320,352 SH SOLE 18,327 UNITED TECH COM 913017109 25,823 276,389 SH SOLE 25,823 UNUM COM 91529Y106 2,497 88,395 SH SOLE 2,497 UPS COM 911312106 19,607 228,254 SH SOLE 19,607 URBAN OUTFITTERS COM 917047102 1,454 37,520 SH SOLE 1,454 US BANCORP COM 902973304 20,496 600,622 SH SOLE 20,496 US STEEL COM 912909108 944 48,432 SH SOLE 944 VALERO ENERGY COM 91913Y100 8,055 177,068 SH SOLE 8,055 VARIAN MEDICAL COM 92220P105 2,526 35,077 SH SOLE 2,526 VENTAS COM 92276F100 7,093 96,904 SH SOLE 7,093 VERIFONE COM 92342Y109 825 39,916 SH SOLE 825 VERISIGN COM 92343E102 2,347 49,635 SH SOLE 2,347 VERISK ANALYTICS COM 92345Y106 3,092 50,176 SH SOLE 3,092 VERIZON COM 92343V104 44,546 906,318 SH SOLE 44,546 VERTEX PHARMA COM 92532F100 4,575 83,208 SH SOLE 4,575 VF CORP COM 918204108 4,716 28,113 SH SOLE 4,716 VIACOM B B 92553P201 8,945 145,282 SH SOLE 8,945 VIRGIN MEDIA COM 92769L101 4,758 97,152 SH SOLE 4,758 VISA A A 92826C839 28,796 169,546 SH SOLE 28,796 VMWARE A A 928563402 2,472 31,338 SH SOLE 2,472 VORNADO COM 929042109 4,469 53,431 SH SOLE 4,469 VULCAN COM 929160109 2,003 38,738 SH SOLE 2,003 WAL-MART STORES COM 931142103 39,822 532,161 SH SOLE 39,822 WALGREEN COM 931422109 13,858 290,642 SH SOLE 13,858 WALT DISNEY COM 254687106 29,860 525,703 SH SOLE 29,860 WARNER CHILCOTT COM G94368100 1,063 78,450 SH SOLE 1,063

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER --------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------- --------------- ----------- ---------- -------------- ---- ---- ---------- -------- ---------- ----------- ---- WASTE MGMT COM 94106L109 5,405 137,835 SH SOLE 5,405 WATERS COM 941848103 2,490 26,517 SH SOLE 2,490 WEATHERFORD COM H27013103 3,501 288,402 SH SOLE 3,501 WELLPOINT COM 94973V107 6,516 98,389 SH SOLE 6,516 WELLS FARGO COM 949746101 58,825 1,590,297 SH SOLE 58,825 WESTERN DIGITAL COM 958102105 3,573 70,718 SH SOLE 3,573 WESTERN UNION COM 959802109 2,914 193,739 SH SOLE 2,914 WEYERHAEUSER COM 962166104 5,519 175,862 SH SOLE 5,519 WHIRLPOOL COM 963320106 2,966 25,039 SH SOLE 2,966 WHITING PETROLEU COM 966387102 2,286 44,956 SH SOLE 2,286 WHOLE FOODS COM 966837106 4,957 57,144 SH SOLE 4,957 WILLIAMS COM 969457100 8,136 217,193 SH SOLE 8,136 WILLIS GROUP COM G96666105 2,598 65,335 SH SOLE 2,598 WINDSTREAM COM 97381W104 1,527 186,182 SH SOLE 1,527 WISCONSIN ENERGY COM 976657106 3,038 70,834 SH SOLE 3,038 WYNDHAM WORLD COM 98310W108 2,839 44,025 SH SOLE 2,839 WYNN RESORTS COM 983134107 3,205 25,609 SH SOLE 3,205 XCEL ENERGY COM 98389B100 4,735 158,006 SH SOLE 4,735 XEROX COM 984121103 3,563 411,607 SH SOLE 3,563 XILINX COM 983919101 3,237 84,811 SH SOLE 3,237 XL CAPITAL COM G98290102 2,851 94,085 SH SOLE 2,851 XYLEM COM 98419M100 1,621 58,819 SH SOLE 1,621 YAHOO COM 984332106 8,584 364,804 SH SOLE 8,584 YUM BRANDS COM 988498101 10,381 144,298 SH SOLE 10,381 ZIMMER COM 98956P102 4,261 56,503 SH SOLE 4,261