The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
ALLEGHENY TECHNOLOGIES 4.250000% 06/01/2014 CONB 01741RAD4 13,253 13,000,000 PRN   SOLE   13,000,000 0 0
DOMINION RESOURCES INC 6.000000% 07/01/2016 CONBNP 25746U885 5,199 90,000 PRN   SOLE   90,000 0 0
DOMINION RESOURCES INC 6.125000% 04/01/2016 CONBNP 25746U703 4,025 70,000 PRN   SOLE   70,000 0 0
ELECTRONIC ARTS INC .750000% 07/15/2016 CONB 285512AA7 14,878 12,800,000 PRN   SOLE   12,800,000 0 0
INTEL CORP 2.950000% 12/15/2035 CONB 458140AD2 17,470 14,835,000 PRN   SOLE   14,835,000 0 0
INTEL CORP 3.250000% 08/01/2039 CONB 458140AF7 8,379 6,000,000 PRN   SOLE   6,000,000 0 0
LIFEPOINT HOSPITALS INC 3.500000% 05/15/2014 CONB 53219LAH2 12,203 11,500,000 PRN   SOLE   11,500,000 0 0
LINEAR TECHNOLOGY CORP 3.000000% 05/01/2027 CONB 535678AC0 15,316 12,800,000 PRN   SOLE   12,800,000 0 0
NEWMONT MINING CORP 1.250000% 07/15/2014 CONB 651639AH9 13,803 13,780,000 PRN   SOLE   13,780,000 0 0
NEWMONT MINING CORP 1.625000% 07/15/2017 CONB 651639AJ5 61,024 57,500,000 PRN   SOLE   57,500,000 0 0
OMNICARE INC 3.250000% 12/15/2035 CONB 681904AL2 12,819 12,000,000 PRN   SOLE   12,000,000 0 0
OMNICOM GROUP INC 0% 07/31/2032 CONB 681919AV8 9,274 7,000,000 PRN   SOLE   7,000,000 0 0
PPL CORPORATION 8.75% 5/1/14 CPFDNP 69351T114 10,618 195,000 PRN   SOLE   195,000 0 0
UNITED TECHNOLOGIES CORP 7.500000% 08/01/2015 CONBNP 913017117 11,250 169,000 PRN   SOLE   169,000 0 0
WEYERHAEUSER CO 6.375000% 07/01/2016 CONBNP 962166872 6,279 115,000 PRN   SOLE   115,000 0 0
ABBOTT LABORATORIES COM 002824100 11,783 305,966 SH   SOLE   305,966 0 0
ABBVIE INC COM 00287Y109 12,386 240,966 SH   SOLE   240,966 0 0
ABENGOA SA COM 00289R201 5,573 239,702 SH   SOLE   239,702 0 0
ACE LTD COM H0023R105 23,724 239,492 SH   SOLE   239,492 0 0
ACI WORLDWIDE INC COM P31076105 5,502 92,950 SH   SOLE   92,950 0 0
ADT CORP/THE COM G2554F113 4,094 136,688 SH   SOLE   136,688 0 0
AGILENT TECHNOLOGIES INC COM G2519Y108 11,252 201,208 SH   SOLE   201,208 0 0
AIRGAS INC COM G3788M114 5,810 54,549 SH   SOLE   54,549 0 0
ALERE INC COM G3198U102 6,050 176,135 SH   SOLE   176,135 0 0
ALLEGHANY CORP COM G45667105 5,396 13,246 SH   SOLE   13,246 0 0
ALLSCRIPTS HEALTHCARE SOLUTI COM G491BT108 5,809 322,191 SH   SOLE   322,191 0 0
ALTRIA GROUP INC COM G54050102 3,045 81,345 SH   SOLE   81,345 0 0
AMBAC FINANCIAL GROUP INC COM G57279104 9,433 304,009 SH   SOLE   304,009 0 0
AMERESCO INC-CL A COM H6169Q108 4,043 534,766 SH   SOLE   534,766 0 0
AMERICAN EXPRESS CO COM N7902X106 28,412 315,587 SH   SOLE   315,587 0 0
AMERIPRISE FINANCIAL INC COM H89128104 4,722 42,900 SH   SOLE   42,900 0 0
AMERISERV FINANCIAL INC COM H27013103 754 195,862 SH   SOLE   195,862 0 0
AMGEN INC COM N97284108 15,612 126,577 SH   SOLE   126,577 0 0
ANADARKO PETROLEUM CORP COM 032511107 2,543 30,000 SH   SOLE   30,000 0 0
ANDERSONS INC/THE COM 034164103 2,163 36,507 SH   SOLE   36,507 0 0
APOLLO GLOBAL MANAGEMENT - A COM 037612306 8,586 270,000 SH   SOLE   270,000 0 0
APPLE INC COM 037833100 54,043 100,688 SH   SOLE   100,688 0 0
APPLIED MATERIALS INC COM 038222105 10,299 504,459 SH   SOLE   504,459 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 755 17,400 SH   SOLE   17,400 0 0
ARES CAPITAL CORP COM 04010L103 821 46,621 SH   SOLE   46,621 0 0
ASTEC INDUSTRIES INC COM 046224101 5,856 133,367 SH   SOLE   133,367 0 0
ATLANTIC TELE-NETWORK INC COM 049079205 6,451 97,856 SH   SOLE   97,856 0 0
AVERY DENNISON CORP COM 053611109 12,819 252,990 SH   SOLE   252,990 0 0
BAIDU INC - SPON ADR ADR 056752108 7,167 47,065 SH   SOLE   47,065 0 0
BANK OF AMERICA CORP COM 060505104 47,550 2,764,527 SH   SOLE   2,764,527 0 0
BANKUNITED INC COM 06652K103 1,889 54,319 SH   SOLE   54,319 0 0
BAXTER INTERNATIONAL INC COM 071813109 7,125 96,837 SH   SOLE   96,837 0 0
BLACKBERRY LTD COM 09228F103 4,582 567,107 SH   SOLE   567,107 0 0
BLACKSTONE GROUP LP/THE COM 09253U108 13,078 393,333 SH   SOLE   393,333 0 0
BOFI HOLDING INC COM 05566U108 1,286 15,000 SH   SOLE   15,000 0 0
BORGWARNER INC COM 099724106 16,054 261,166 SH   SOLE   261,166 0 0
BOTTOMLINE TECHNOLOGIES (DE) COM 101388106 5,695 162,014 SH   SOLE   162,014 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 10,865 209,140 SH   SOLE   209,140 0 0
CABOT OIL & GAS CORP COM 127097103 1,355 40,000 SH   SOLE   40,000 0 0
CALIX INC COM 13100M509 4,380 519,600 SH   SOLE   519,600 0 0
CAPSTONE TURBINE CORP COM 14067D102 292 137,096 SH   SOLE   137,096 0 0
CARDINAL FINANCIAL CORP COM 14149F109 5,242 293,978 SH   SOLE   293,978 0 0
CARLYLE GROUP/THE COM 14309L102 7,966 226,700 SH   SOLE   226,700 0 0
CASELLA WASTE SYSTEMS INC-A COM 147448104 4,972 973,033 SH   SOLE   973,033 0 0
CATCHMARK TIMBER TRUST INC-A COM 14912Y202 3,446 245,300 SH   SOLE   245,300 0 0
CBOE HOLDINGS INC COM 12503M108 2,457 43,403 SH   SOLE   43,403 0 0
CHARM COMMUNICATIONS INC-ADR ADR 16112R101 3,737 863,135 SH   SOLE   863,135 0 0
CHEFS' WAREHOUSE INC/THE COM 163086101 5,239 244,821 SH   SOLE   244,821 0 0
CHEVRON CORP COM 166764100 38,799 326,290 SH   SOLE   326,290 0 0
CHINA DISTANCE EDUCATION-ADR ADR 16944W104 2,015 111,741 SH   SOLE   111,741 0 0
CISCO SYSTEMS INC COM 17275R102 78,618 3,507,366 SH   SOLE   3,132,366 0 375,000
CITIGROUP INC COM 172967424 20,548 431,691 SH   SOLE   431,691 0 0
CLEAN HARBORS INC COM 184496107 10,555 192,638 SH   SOLE   192,638 0 0
COACH INC COM 189754104 1,242 25,000 SH   SOLE   25,000 0 0
COCA-COLA CO/THE COM 191216100 1,216 31,451 SH   SOLE   31,451 0 0
COLGATE-PALMOLIVE CO COM 194162103 17,565 270,775 SH   SOLE   270,775 0 0
COMCAST CORP-CLASS A COM 20030N101 25,359 506,773 SH   SOLE   506,773 0 0
COMCAST CORP-SPECIAL CL A COM 20030N200 15,558 319,015 SH   SOLE   319,015 0 0
COMERICA INC COM 200340107 2,797 54,000 SH   SOLE   54,000 0 0
CONCORD MEDICAL - SPON ADR ADR 206277105 3,186 422,000 SH   SOLE   422,000 0 0
CONN'S INC COM 208242107 6,093 156,830 SH   SOLE   156,830 0 0
CONOCOPHILLIPS COM 20825C104 15,732 223,626 SH   SOLE   223,626 0 0
COPA HOLDINGS SA-CLASS A COM P31076105 1,527 10,520 SH   SOLE   10,520 0 0
CORNING INC COM 219350105 4,650 223,356 SH   SOLE   223,356 0 0
COVANTA HOLDING CORP COM 22282E102 16,580 918,573 SH   SOLE   918,573 0 0
COVIDIEN PLC COM G2554F113 11,341 153,964 SH   SOLE   153,964 0 0
CRA INTERNATIONAL INC COM 12618T105 3,477 158,240 SH   SOLE   158,240 0 0
CREDICORP LTD COM G2519Y108 1,393 10,100 SH   SOLE   10,100 0 0
CTRIP.COM INTERNATIONAL-ADR ADR 22943F100 4,815 95,500 SH   SOLE   95,500 0 0
CUI GLOBAL INC COM 126576206 1,428 129,800 SH   SOLE   129,800 0 0
CVS CAREMARK CORP COM 126650100 34,989 467,387 SH   SOLE   467,387 0 0
DENTSPLY INTERNATIONAL INC COM 249030107 5,156 111,993 SH   SOLE   111,993 0 0
DEVRY EDUCATION GROUP INC COM 251893103 4,715 111,224 SH   SOLE   111,224 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,817 27,000 SH   SOLE   27,000 0 0
DIRECTV COM 25490A309 11,852 155,087 SH   SOLE   155,087 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 13,583 233,425 SH   SOLE   233,425 0 0
EAGLE BANCORP INC COM 268948106 1,238 34,300 SH   SOLE   34,300 0 0
EBAY INC COM 278642103 14,138 255,941 SH   SOLE   255,941 0 0
EMC CORP/MA COM 268648102 16,795 612,723 SH   SOLE   612,723 0 0
EMCOR GROUP INC COM 29084Q100 1,422 30,390 SH   SOLE   30,390 0 0
EMERSON ELECTRIC CO COM 291011104 23,419 350,584 SH   SOLE   350,584 0 0
EPAM SYSTEMS INC COM 29414B104 7,320 222,500 SH   SOLE   222,500 0 0
EROS INTERNATIONAL PLC COM G3788M114 10,931 680,233 SH   SOLE   680,233 0 0
ESSENT GROUP LTD COM G3198U102 3,369 150,000 SH   SOLE   150,000 0 0
E*TRADE FINANCIAL CORP COM 269246401 21,165 919,398 SH   SOLE   919,398 0 0
EVERBANK FINANCIAL CORP COM 29977G102 7,211 365,505 SH   SOLE   365,505 0 0
EXXON MOBIL CORP COM 30231G102 1,200 12,290 SH   SOLE   12,290 0 0
FIDELITY NATIONAL INFORMATIO COM 31620M106 18,562 347,275 SH   SOLE   347,275 0 0
FIFTH THIRD BANCORP COM 316773100 16,878 735,248 SH   SOLE   735,248 0 0
FIRST SOLAR INC COM 336433107 5,660 81,100 SH   SOLE   81,100 0 0
FNB CORP COM 302520101 1,075 80,200 SH   SOLE   80,200 0 0
FTI CONSULTING INC COM 302941109 5,936 178,033 SH   SOLE   178,033 0 0
GANNETT CO COM 364730101 13,127 475,634 SH   SOLE   475,634 0 0
GENESEE & WYOMING INC-CL A COM 371559105 5,414 55,636 SH   SOLE   55,636 0 0
GENWORTH FINANCIAL INC-CL A COM 37247D106 10,815 610,000 SH   SOLE   610,000 0 0
GLOBAL PAYMENTS INC COM 37940X102 6,455 90,768 SH   SOLE   90,768 0 0
GOODRICH PETROLEUM CORP COM 382410405 5,844 369,400 SH   SOLE   369,400 0 0
GRAND CANYON EDUCATION INC COM 38526M106 4,455 95,405 SH   SOLE   95,405 0 0
GRANITE CONSTRUCTION INC COM 387328107 6,050 151,526 SH   SOLE   151,526 0 0
GRAN TIERRA ENERGY INC COM 38500T101 622 75,000 SH   SOLE   75,000 0 0
HALLIBURTON CO COM 406216101 18,660 316,860 SH   SOLE   316,860 0 0
HALLMARK FINL SERVICES INC COM 40624Q203 2,530 304,396 SH   SOLE   304,396 0 0
HARTFORD FINANCIAL SVCS GRP COM 416515104 8,288 235,000 SH   SOLE   235,000 0 0
HARVARD BIOSCIENCE INC COM 416906105 1,785 376,619 SH   SOLE   376,619 0 0
HCC INSURANCE HOLDINGS INC COM 404132102 4,946 108,730 SH   SOLE   108,730 0 0
HDFC BANK LTD-ADR ADR 40415F101 681 16,600 SH   SOLE   16,600 0 0
HESS CORP COM 42809H107 10,469 126,313 SH   SOLE   126,313 0 0
HEWLETT-PACKARD CO COM 428236103 219,724 6,790,000 SH   SOLE   5,730,000 0 1,060,000
HOLLYSYS AUTOMATION TECHNOLO COM G45667105 8,002 371,500 SH   SOLE   371,500 0 0
HOME INNS & HOTELS MANAG-ADR ADR 43713W107 4,795 148,500 SH   SOLE   148,500 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 27,527 296,758 SH   SOLE   296,758 0 0
HORSEHEAD HOLDING CORP COM 440694305 9,487 564,044 SH   SOLE   564,044 0 0
HUB GROUP INC-CL A COM 443320106 9,901 247,577 SH   SOLE   247,577 0 0
ICICI BANK LTD-SPON ADR ADR 45104G104 7,806 178,221 SH   SOLE   178,221 0 0
INFOSYS LTD-SP ADR ADR 456788108 1,219 22,500 SH   SOLE   22,500 0 0
INTEL CORP COM 458140100 13,591 526,487 SH   SOLE   526,487 0 0
INTL FCSTONE INC COM 46116V105 4,579 243,442 SH   SOLE   243,442 0 0
INVESCO LTD COM G491BT108 16,562 447,622 SH   SOLE   447,622 0 0
ISHARES MSCI EMERGING MARKET ETFNP 464287234 2,801 68,300 SH   SOLE   68,300 0 0
ITRON INC COM 465741106 11,951 336,281 SH   SOLE   336,281 0 0
JOHNSON CONTROLS INC COM 478366107 12,732 269,054 SH   SOLE   269,054 0 0
JOHNSON & JOHNSON COM 478160104 96,164 978,967 SH   SOLE   978,967 0 0
JPMORGAN CHASE & CO COM 46625H100 39,218 645,995 SH   SOLE   645,995 0 0
KANSAS CITY SOUTHERN COM 485170302 3,164 30,998 SH   SOLE   30,998 0 0
KEYCORP COM 493267108 9,077 637,462 SH   SOLE   637,462 0 0
KIRBY CORP COM 497266106 5,212 51,480 SH   SOLE   51,480 0 0
KKR & CO LP COM 48248M102 13,704 600,000 SH   SOLE   600,000 0 0
KROGER CO COM 501044101 9,979 228,606 SH   SOLE   228,606 0 0
LAZARD LTD-CL A COM G54050102 13,656 290,000 SH   SOLE   290,000 0 0
LEGG MASON INC COM 524901105 14,802 301,836 SH   SOLE   301,836 0 0
LINCOLN NATIONAL CORP COM 534187109 29,061 573,530 SH   SOLE   573,530 0 0
LKQ CORP COM 501889208 25,247 958,150 SH   SOLE   958,150 0 0
LUXOFT HOLDING INC COM G57279104 3,602 102,700 SH   SOLE   102,700 0 0
MARATHON OIL CORP COM 565849106 675 19,000 SH   SOLE   19,000 0 0
MARKET VECTORS GOLD MINERS ETFNP 57060U100 72,426 3,068,238 SH   SOLE   3,068,238 0 0
MARKET VECTORS JR GOLD MINER ETFNP 57061R544 23,737 655,365 SH   SOLE   655,365 0 0
MARSH & MCLENNAN COS COM 571748102 906 18,380 SH   SOLE   18,380 0 0
MASTERCARD INC-CLASS A COM 57636Q104 24,220 324,231 SH   SOLE   324,231 0 0
MCGRAW HILL FINANCIAL INC COM 580645109 4,381 57,414 SH   SOLE   57,414 0 0
MEDTRONIC INC COM 585055106 25,773 418,796 SH   SOLE   418,796 0 0
MERCK & CO. INC. COM 58933Y105 16,269 286,581 SH   SOLE   286,581 0 0
MERCURY SYSTEMS INC COM 589378108 5,819 440,499 SH   SOLE   440,499 0 0
MICROSEMI CORP COM 595137100 3,115 124,432 SH   SOLE   124,432 0 0
MICROSOFT CORP COM 594918104 43,450 1,060,018 SH   SOLE   1,060,018 0 0
MOBILE TELESYSTEMS-SP ADR ADR 607409109 6,174 353,000 SH   SOLE   353,000 0 0
MONRO MUFFLER BRAKE INC COM 610236101 3,327 58,487 SH   SOLE   58,487 0 0
MORGAN STANLEY COM 617446448 12,949 415,421 SH   SOLE   415,421 0 0
MSCI INC COM 55354G100 11,250 261,501 SH   SOLE   261,501 0 0
MSC INDUSTRIAL DIRECT CO-A COM 553530106 5,786 66,876 SH   SOLE   66,876 0 0
NASDAQ OMX GROUP/THE COM 631103108 16,859 456,395 SH   SOLE   456,395 0 0
NEWMONT MINING CORP COM 651639106 5,528 235,828 SH   SOLE   235,828 0 0
NEW ORIENTAL EDUCATIO-SP ADR ADR 647581107 7,129 242,900 SH   SOLE   242,900 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 15,030 157,730 SH   SOLE   157,730 0 0
OCH-ZIFF CAPITAL MANAGEMEN-A COM 67551U105 6,885 500,000 SH   SOLE   500,000 0 0
OCH-ZIFF CAPITAL MANAGEMEN-A CFD CFDNP 67551U105 1,383 100,458 SH   SOLE   100,458 0 0
OCWEN FINANCIAL CORP COM 675746309 4,702 120,000 SH   SOLE   120,000 0 0
ORACLE CORP COM 68389X105 22,946 560,893 SH   SOLE   560,893 0 0
ORBITAL SCIENCES CORP COM 685564106 5,665 203,030 SH   SOLE   203,030 0 0
ORMAT TECHNOLOGIES INC COM 686688102 6,464 215,404 SH   SOLE   215,404 0 0
OWENS CORNING COM 690742101 11,933 276,422 SH   SOLE   276,422 0 0
PALL CORP COM 696429307 25,867 289,113 SH   SOLE   289,113 0 0
PDC ENERGY INC COM 69327R101 887 14,250 SH   SOLE   14,250 0 0
PENTAIR LTD-REGISTERED COM H6169Q108 19,691 248,189 SH   SOLE   248,189 0 0
PEPSICO INC COM 713448108 14,104 168,912 SH   SOLE   168,912 0 0
PERNIX THERAPEUTICS HOLDINGS COM 71426V108 3,086 576,821 SH   SOLE   576,821 0 0
PFIZER INC COM 717081103 32,962 1,026,227 SH   SOLE   1,026,227 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 6,660 81,345 SH   SOLE   81,345 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 13,699 157,461 SH   SOLE   157,461 0 0
POOL CORP COM 73278L105 3,228 52,647 SH   SOLE   52,647 0 0
POWERSHARES BUYBACK ACHVERS ETFNP 73935X286 99,547 2,287,395 SH   SOLE   2,287,395 0 0
PREMIERE GLOBAL SERVICES INC COM 740585104 7,161 593,756 SH   SOLE   593,756 0 0
PROASSURANCE CORP COM 74267C106 2,681 60,200 SH   SOLE   60,200 0 0
PROCTER & GAMBLE CO/THE COM 742718109 16,035 198,945 SH   SOLE   198,945 0 0
PROGRESSIVE WASTE SOLUTIONS COM 74339G101 10,521 415,674 SH   SOLE   415,674 0 0
PRUDENTIAL FINANCIAL INC COM 744320102 8,465 100,000 SH   SOLE   100,000 0 0
QUANTA SERVICES INC COM 74762E102 398 10,795 SH   SOLE   10,795 0 0
RADIAN GROUP INC COM 750236101 7,515 500,000 SH   SOLE   500,000 0 0
RAYTHEON COMPANY COM 755111507 8,757 88,639 SH   SOLE   88,639 0 0
REALOGY HOLDINGS CORP COM 75605Y106 9,225 212,319 SH   SOLE   212,319 0 0
REGAL-BELOIT CORP COM 758750103 17,378 239,009 SH   SOLE   239,009 0 0
REGIONS FINANCIAL CORP COM 7591EP100 2,666 240,000 SH   SOLE   240,000 0 0
REPUBLIC SERVICES INC COM 760759100 30,111 881,475 SH   SOLE   881,475 0 0
RESOLUTE ENERGY CORP COM 76116A108 5,280 733,300 SH   SOLE   733,300 0 0
REX ENERGY CORP COM 761565100 6,167 329,613 SH   SOLE   329,613 0 0
ROPER INDUSTRIES INC COM 776696106 5,018 37,588 SH   SOLE   37,588 0 0
RYANAIR HOLDINGS PLC-SP ADR ADR 783513104 8,925 151,767 SH   SOLE   76,767 0 75,000
SAFEGUARD SCIENTIFICS INC COM 786449207 5,658 255,083 SH   SOLE   255,083 0 0
SCHLUMBERGER LTD COM 806857108 8,949 91,780 SH   SOLE   91,780 0 0
SCHNITZER STEEL INDS INC-A COM 806882106 3,809 132,043 SH   SOLE   132,043 0 0
SENSATA TECHNOLOGIES HOLDING COM N7902X106 5,408 126,830 SH   SOLE   126,830 0 0
SIMPSON MANUFACTURING CO INC COM 829073105 4,452 126,008 SH   SOLE   126,008 0 0
SMITH (A.O.) CORP COM 831865209 1,596 34,674 SH   SOLE   34,674 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 4,349 554,762 SH   SOLE   554,762 0 0
SPRINGLEAF HOLDINGS INC COM 85172J101 3,647 145,000 SH   SOLE   145,000 0 0
STATE STREET CORP COM 857477103 1,885 27,100 SH   SOLE   27,100 0 0
STERICYCLE INC COM 858912108 19,571 172,250 SH   SOLE   172,250 0 0
SUNEDISON INC COM 86732Y109 659 35,000 SH   SOLE   35,000 0 0
SUNOPTA INC COM 8676EP108 4,676 395,925 SH   SOLE   395,925 0 0
SUNTRUST BANKS INC COM 867914103 13,790 346,578 SH   SOLE   346,578 0 0
SVB FINANCIAL GROUP COM 78486Q101 2,189 17,000 SH   SOLE   17,000 0 0
TAIWAN SEMICONDUCTOR-SP ADR ADR 874039100 2,809 140,329 SH   SOLE   140,329 0 0
TANGER FACTORY OUTLET CENTER COM 875465106 3,356 95,900 SH   SOLE   95,900 0 0
TD AMERITRADE HOLDING CORP COM 87236Y108 7,716 227,262 SH   SOLE   227,262 0 0
TEJON RANCH CO COM 879080109 4,479 132,391 SH   SOLE   132,391 0 0
TETRA TECH INC COM 88162G103 790 26,702 SH   SOLE   26,702 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 6,494 100,000 SH   SOLE   100,000 0 0
TIME WARNER INC COM 887317303 4,835 74,003 SH   SOLE   74,003 0 0
TRAVELERS COS INC/THE COM 89417E109 18,100 212,695 SH   SOLE   212,695 0 0
T ROWE PRICE GROUP INC COM 74144T108 2,657 32,261 SH   SOLE   32,261 0 0
TYCO INTERNATIONAL LTD COM H89128104 11,596 273,486 SH   SOLE   273,486 0 0
UNITED NATURAL FOODS INC COM 911163103 30,847 434,958 SH   SOLE   434,958 0 0
UNITED RENTALS INC COM 911363109 10,325 108,753 SH   SOLE   108,753 0 0
UNIVERSAL TRUCKLOAD SERVICES COM 91388P105 5,906 204,359 SH   SOLE   204,359 0 0
URANIUM ENERGY CORP COM 916896103 2,283 1,729,500 SH   SOLE   1,729,500 0 0
VAIL RESORTS INC COM 91879Q109 5,095 73,096 SH   SOLE   73,096 0 0
VEECO INSTRUMENTS INC COM 922417100 585 13,952 SH   SOLE   13,952 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 134,445 2,819,727 SH   SOLE   2,544,701 0 275,026
VIASAT INC COM 92552V100 5,978 86,587 SH   SOLE   86,587 0 0
VISA INC-CLASS A SHARES COM 92826C839 16,014 74,186 SH   SOLE   74,186 0 0
WABTEC CORP COM 929740108 2,424 31,271 SH   SOLE   31,271 0 0
WADDELL & REED FINANCIAL-A COM 930059100 20,016 271,882 SH   SOLE   271,882 0 0
WAL-MART STORES INC COM 931142103 23,956 313,436 SH   SOLE   313,436 0 0
WATERS CORP COM 941848103 15,312 141,241 SH   SOLE   141,241 0 0
WATTS WATER TECHNOLOGIES-A COM 942749102 5,237 89,230 SH   SOLE   89,230 0 0
WEATHERFORD INTL LTD COM H27013103 472 27,200 SH   SOLE   27,200 0 0
WELLS FARGO & CO COM 949746101 37,683 757,597 SH   SOLE   757,597 0 0
WHOLE FOODS MARKET INC COM 966837106 16,095 317,397 SH   SOLE   317,397 0 0
WR BERKLEY CORP COM 084423102 4,225 101,504 SH   SOLE   101,504 0 0
WUXI PHARMATECH CAYMAN-ADR ADR 929352102 8,423 228,500 SH   SOLE   228,500 0 0
XYLEM INC COM 98419M100 9,727 267,074 SH   SOLE   267,074 0 0
YAMANA GOLD INC COM 98462Y100 4,549 518,126 SH   SOLE   518,126 0 0
YANDEX NV-A COM N97284108 7,140 236,500 SH   SOLE   236,500 0 0