0001540880-12-000003.txt : 20120716 0001540880-12-000003.hdr.sgml : 20120716 20120716081309 ACCESSION NUMBER: 0001540880-12-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120716 DATE AS OF CHANGE: 20120716 EFFECTIVENESS DATE: 20120716 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: 12962695 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 13f20120630.txt FORM 13F AS OF 20120630 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30 , 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: 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 July 16, 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 596 Form 13F Information Table Value Total: $4,054,871 ----------- (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- [ ]

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- 3M COM 88579Y101 18,522 206,719 SH SOLE 18,522 ABBOTT LAB COM 002824100 32,211 499,631 SH SOLE 32,211 ABERCROMBIE A 002896207 970 28,413 SH SOLE 970 ACCENTURE COM G1151C101 12,309 204,837 SH SOLE 12,309 ACE COM H0023R105 7,932 107,001 SH SOLE 7,932 ACTIVISION COM 00507V109 2,019 168,362 SH SOLE 2,019 ADOBE COM 00724F101 5,083 157,033 SH SOLE 5,083 ADVANCE AUTO COM 00751Y106 1,927 28,252 SH SOLE 1,927 AES COM 00130H105 2,638 205,602 SH SOLE 2,638 AETNA COM 00817Y108 4,287 110,586 SH SOLE 4,287 AFFIL MANAGERS COM 008252108 2,124 19,403 SH SOLE 2,124 AFLAC COM 001055102 6,312 148,194 SH SOLE 6,312 AGCO CORP COM 001084102 1,701 37,200 SH SOLE 1,701 AGILENT COM 00846U101 4,302 109,633 SH SOLE 4,302 AIG COM 026874784 6,096 189,958 SH SOLE 6,096 AIR PRODUCTS COM 009158106 5,369 66,502 SH SOLE 5,369 AIRGAS COM 009363102 1,695 20,180 SH SOLE 1,695 AKAMAI TECH COM 00971T101 1,842 58,012 SH SOLE 1,842 ALBEMARLE CORP COM 012653101 1,988 33,340 SH SOLE 1,988 ALCOA COM 013817101 2,984 340,979 SH SOLE 2,984 ALEXION PHARMA COM 015351109 5,834 58,748 SH SOLE 5,834 ALLEGHANY CORP COM 017175100 1,665 4,900 SH SOLE 1,665 ALLEGHENY COM 01741R102 1,000 31,364 SH SOLE 1,000 ALLERGAN COM 018490102 8,909 96,239 SH SOLE 8,909 ALLIANCE DATA COM 018581108 2,560 18,962 SH SOLE 2,560 ALLIANT ENERGY COM 018802108 1,895 41,586 SH SOLE 1,895 ALLSTATE COM 020002101 5,522 157,367 SH SOLE 5,522 ALPHA NAT COM 02076X102 643 73,766 SH SOLE 643 ALTERA COM 021441100 3,440 101,668 SH SOLE 3,440 ALTRIA COM 02209S103 22,495 651,076 SH SOLE 22,495 AMAZON COM 023135106 26,392 115,576 SH SOLE 26,392

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- AMD COM 007903107 1,073 187,320 SH SOLE 1,073 AMEREN COM 023608102 2,616 78,002 SH SOLE 2,616 AMERICAN CAPITAL COM 02503X105 3,791 112,802 SH SOLE 3,791 AMERICAN EXPRESS COM 025816109 19,522 335,366 SH SOLE 19,522 AMERICAN POWER COM 025537101 6,100 152,893 SH SOLE 6,100 AMERICAN TOWER A 03027X100 8,797 125,840 SH SOLE 8,797 AMERICAN WATER COM 030420103 2,282 66,575 SH SOLE 2,282 AMERIPRISE FINANCIAL COM 03076C106 3,659 70,008 SH SOLE 3,659 AMERISOURCEBERG COM 03073E105 3,267 83,027 SH SOLE 3,267 AMETEK COM 031100100 3,069 61,487 SH SOLE 3,069 AMGEN COM 031162100 18,377 251,605 SH SOLE 18,377 AMPHENOL COM 032095101 2,830 51,531 SH SOLE 2,830 ANADARKO COM 032511107 10,479 158,286 SH SOLE 10,479 ANALOG DEVICES COM 032654105 3,541 93,991 SH SOLE 3,541 ANNALY CAPITAL COM 035710409 6,167 367,523 SH SOLE 6,167 ANSYS INC COM 03662Q105 2,202 34,898 SH SOLE 2,202 AON COM 037389103 4,513 96,478 SH SOLE 4,513 APACHE COM 037411105 10,753 122,344 SH SOLE 10,753 APOLLO GROUP A 037604105 1,284 35,471 SH SOLE 1,284 APPLE COM 037833100 172,490 295,359 SH SOLE 172,490 APPLIED MATERIAL COM 038222105 4,670 407,524 SH SOLE 4,670 ARCH CAPITAL COM G0450A105 2,048 51,597 SH SOLE 2,048 ARCHER-DANIELS COM 039483102 6,237 211,292 SH SOLE 6,237 ARROW ELEC COM 042735100 1,395 42,503 SH SOLE 1,395 ASSURANT COM 04621X108 950 27,258 SH SOLE 950 AT N T INC COM 00206R102 67,126 1,882,388 SH SOLE 67,126 AUTODESK COM 052769106 2,514 71,857 SH SOLE 2,514 AUTOLIV COM 052800109 1,830 33,478 SH SOLE 1,830 AUTOMATIC DATA COM 053015103 8,634 155,116 SH SOLE 8,634 AUTOZONE COM 053332102 4,242 11,552 SH SOLE 4,242 AVAGO TECHNO COM Y0486S104 3,125 87,037 SH SOLE 3,125 AVALONBAY COMM COM 053484101 4,249 30,031 SH SOLE 4,249 AVERY DENNISON COM 053611109 909 33,244 SH SOLE 909

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- AVNET COM 053807103 1,728 55,992 SH SOLE 1,728 AVON PRODUCTS COM 054303102 2,197 135,531 SH SOLE 2,197 AXIS CAPITAL COM G0692U109 1,433 44,024 SH SOLE 1,433 BAKER HUGHES COM 057224107 5,691 138,455 SH SOLE 5,691 BALL CORP COM 058498106 1,893 46,104 SH SOLE 1,893 BANK NY MELLON COM 064058100 8,362 380,952 SH SOLE 8,362 BANK OF AMERICA COM 060505104 27,858 3,405,632 SH SOLE 27,858 BARD C R COM 067383109 2,670 24,852 SH SOLE 2,670 BAXTER COM 071813109 9,419 177,212 SH SOLE 9,419 BB N T COM 054937107 6,797 220,320 SH SOLE 6,797 BEAM COM 073730103 2,742 43,873 SH SOLE 2,742 BECTON DICKINSON COM 075887109 4,959 66,336 SH SOLE 4,959 BED BATH BEYOND COM 075896100 4,730 76,535 SH SOLE 4,730 BERKLEY COM 084423102 1,778 45,691 SH SOLE 1,778 BERKSHIRE B 084670702 19,818 237,822 SH SOLE 19,818 BEST BUY COM 086516101 1,981 94,504 SH SOLE 1,981 BIOGEN IDEC COM 09062X103 10,301 71,349 SH SOLE 10,301 BLACKROCK COM 09247X101 7,141 42,052 SH SOLE 7,141 BLOCK COM 093671105 1,467 91,809 SH SOLE 1,467 BMC SOFTWARE COM 055921100 2,207 51,712 SH SOLE 2,207 BOEING COM 097023105 16,483 221,844 SH SOLE 16,483 BORGWARNER COM 099724106 2,292 34,951 SH SOLE 2,292 BOSTON PROP COM 101121101 5,076 46,843 SH SOLE 5,076 BOSTON SCIENTIFI COM 101137107 2,594 457,530 SH SOLE 2,594 BRISTOL-MYERS COM 110122108 19,315 537,281 SH SOLE 19,315 BROADCOM COM 111320107 5,254 155,456 SH SOLE 5,254 BROWN-FORMAN B 115637209 2,458 25,382 SH SOLE 2,458 BUNGE COM G16962105 3,413 54,399 SH SOLE 3,413 CA COM 12673P105 2,863 105,683 SH SOLE 2,863 CABLEVISION A 12686C109 850 63,967 SH SOLE 850 CABOT OIL N GAS COM 127097103 2,673 67,831 SH SOLE 2,673 CALPINE CORP COM 131347304 1,969 119,244 SH SOLE 1,969 CAMERON COM 13342B105 3,315 77,621 SH SOLE 3,315

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- CAMPBELL SOUP COM 134429109 2,094 62,741 SH SOLE 2,094 CAPITAL ONE COM 14040H105 8,480 155,136 SH SOLE 8,480 CARDINAL HEALTH COM 14149Y108 4,583 109,111 SH SOLE 4,583 CAREFUSION COM 14170T101 1,804 70,234 SH SOLE 1,804 CARMAX COM 143130102 1,893 72,980 SH SOLE 1,893 CARNIVAL CORP COM 143658300 4,846 141,395 SH SOLE 4,846 CATERPILLAR COM 149123101 17,416 205,113 SH SOLE 17,416 CBRE GROUP COM 12504L109 1,582 96,720 SH SOLE 1,582 CBS B 124857202 6,187 188,734 SH SOLE 6,187 CELANESE CORP COM 150870103 2,070 59,799 SH SOLE 2,070 CELGENE COM 151020104 8,968 139,768 SH SOLE 8,968 CENTERPOINT COM 15189T107 2,671 129,218 SH SOLE 2,671 CENTURYLINK COM 156700106 7,746 196,146 SH SOLE 7,746 CERNER CORP COM 156782104 3,798 45,947 SH SOLE 3,798 CF INDUSTRIES COM 125269100 4,008 20,690 SH SOLE 4,008 CH ROBINSON COM 12541W209 2,984 50,985 SH SOLE 2,984 CHARLES SCHWAB COM 808513105 4,410 341,061 SH SOLE 4,410 CHARTER COMM COM 16117M305 1,060 14,957 SH SOLE 1,060 CHESAPEAKE ENERG COM 165167107 3,944 212,017 SH SOLE 3,944 CHEVRON COM 166764100 66,141 626,928 SH SOLE 66,141 CHIPOTLE MEXICAN COM 169656105 3,776 9,937 SH SOLE 3,776 CHUBB COM 171232101 6,242 85,712 SH SOLE 6,242 CHURCH DWIGHT COM 171340102 2,990 53,912 SH SOLE 2,990 CIGNA CORP COM 125509109 4,016 91,276 SH SOLE 4,016 CIMAREX ENERGY COM 171798101 1,805 32,740 SH SOLE 1,805 CINCINNATI FINAN COM 172062101 1,873 49,205 SH SOLE 1,873 CINTAS CORP COM 172908105 1,440 37,306 SH SOLE 1,440 CISCO COM 17275R102 29,385 1,711,416 SH SOLE 29,385 CIT GROUP COM 125581801 2,584 72,497 SH SOLE 2,584 CITIGROUP COM 172967101 25,466 929,072 SH SOLE 25,466 CITRIX COM 177376100 4,959 59,074 SH SOLE 4,959 CLIFFS NATURAL COM 18683K101 2,221 45,061 SH SOLE 2,221 CLOROX COM 189054109 2,787 38,456 SH SOLE 2,787

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- CME GROUP COM 12572Q105 5,308 19,799 SH SOLE 5,308 CMS ENERGY CORP COM 125896100 1,901 80,893 SH SOLE 1,901 COACH COM 189754104 5,316 90,896 SH SOLE 5,316 COBALT ENERGY COM 19075F106 1,603 68,234 SH SOLE 1,603 COCA COLA COM 191216100 49,533 633,491 SH SOLE 49,533 COCA COLA ENT COM 19122T109 2,675 95,386 SH SOLE 2,675 COGNIZANT TECH COM 192446102 5,788 96,473 SH SOLE 5,788 COLGATE COM 194162103 15,917 152,903 SH SOLE 15,917 COMCAST COM 20030N200 7,108 226,360 SH SOLE 7,108 COMCAST A 20030N101 20,033 626,615 SH SOLE 20,033 COMERICA COM 200340107 1,907 62,096 SH SOLE 1,907 COMPUTER SCIENCE COM 205363104 1,245 50,167 SH SOLE 1,245 CON ED COM 209115104 5,771 92,799 SH SOLE 5,771 CONAGRA FOODS COM 205887102 3,354 129,361 SH SOLE 3,354 CONCHO RESOURCES COM 20605P101 3,152 37,029 SH SOLE 3,152 CONOCO PHILLIPS COM 20825C104 21,285 380,901 SH SOLE 21,285 CONSOL ENERGY COM 20854P109 2,230 73,755 SH SOLE 2,230 CONSTELLATION A 21036P108 1,512 55,890 SH SOLE 1,512 CONTINENTAL RES COM 212015101 1,128 16,932 SH SOLE 1,128 COOPER IND A G24140108 3,451 50,613 SH SOLE 3,451 CORE LABS NV COM N22717107 2,071 17,867 SH SOLE 2,071 CORNING COM 219350105 6,218 480,929 SH SOLE 6,218 COSTCO WHOLESALE COM 22160K105 13,109 137,990 SH SOLE 13,109 COVENTRY HEALTH COM 222862104 1,405 44,186 SH SOLE 1,405 COVIDIEN COM G2554F113 8,205 153,356 SH SOLE 8,205 CREE COM 225447101 1,077 41,954 SH SOLE 1,077 CROWN CASTLE INT COM 228227104 5,429 92,557 SH SOLE 5,429 CROWN HOLDINGS COM 228368106 1,959 56,796 SH SOLE 1,959 CSX COM 126408103 7,437 332,605 SH SOLE 7,437 CUMMINS COM 231021106 5,530 57,068 SH SOLE 5,530 CVS COM 126650100 19,313 413,297 SH SOLE 19,313 DANAHER COM 235851102 9,657 185,418 SH SOLE 9,657 DARDEN REST COM 237194105 2,047 40,437 SH SOLE 2,047

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- DAVITA COM 23918K108 2,895 29,478 SH SOLE 2,895 DEERE COM 244199105 9,709 120,057 SH SOLE 9,709 DELL INC COM 24702R101 6,043 482,666 SH SOLE 6,043 DELPHI AUTO COM G27823106 936 36,691 SH SOLE 936 DELTA AIR LINES COM 247361702 854 77,996 SH SOLE 854 DENBURY COM 247916208 1,851 122,479 SH SOLE 1,851 DENTSPLY COM 249030107 1,686 44,595 SH SOLE 1,686 DEVON ENERGY COM 25179M103 6,967 120,133 SH SOLE 6,967 DIAMOND OFFSHORE COM 25271C102 1,311 22,170 SH SOLE 1,311 DICKS SPORTING COM 253393102 1,736 36,164 SH SOLE 1,736 DIGITAL COM 253868103 3,419 45,542 SH SOLE 3,419 DIRECTV GROUP COM 25490A101 10,488 214,821 SH SOLE 10,488 DISCOVER FIN COM 254709108 5,790 167,428 SH SOLE 5,790 DISCOVERY HOLD A 25470F104 2,011 37,243 SH SOLE 2,011 DISCOVERY HOLD C 25470F302 2,054 41,004 SH SOLE 2,054 DISH NET A 25470M109 2,264 79,311 SH SOLE 2,264 DOLBY LABORATOR COM 25659T107 822 19,907 SH SOLE 822 DOLLAR GENERAL COM 256677105 4,364 80,238 SH SOLE 4,364 DOLLAR TREE COM 256746108 4,041 75,114 SH SOLE 4,041 DOMINION COM 25746U109 9,782 181,157 SH SOLE 9,782 DOVER CORP COM 260003108 3,104 57,906 SH SOLE 3,104 DOW CHEMICAL COM 260543103 11,827 375,447 SH SOLE 11,827 DR HORTON COM 23331A109 1,670 90,863 SH SOLE 1,670 DR PEPPER COM 26138E109 2,927 66,896 SH SOLE 2,927 DTE COM 233331107 3,226 54,374 SH SOLE 3,226 DU PONT COM 263534109 14,915 294,946 SH SOLE 14,915 DUKE ENERGY COM 26441C105 9,730 421,931 SH SOLE 9,730 DUKE REALTY COM 264411505 1,416 96,752 SH SOLE 1,416 DUN N BRADSTREET COM 26483E100 1,077 15,138 SH SOLE 1,077 EASTMAN CHEMICAL COM 277432100 2,140 42,485 SH SOLE 2,140 EATON COM 278058102 3,867 97,590 SH SOLE 3,867 EATON VANCE COM 278265103 1,203 44,650 SH SOLE 1,203 EBAY COM 278642103 15,471 368,267 SH SOLE 15,471

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- ECOLAB COM 278865100 6,303 91,978 SH SOLE 6,303 EDISON COM 281020107 4,500 97,410 SH SOLE 4,500 EDWARDS LIFE COM 28176E108 3,743 36,233 SH SOLE 3,743 ELECTRONIC ARTS COM 285512109 1,295 104,877 SH SOLE 1,295 ELI LILLY COM 532457108 14,300 333,252 SH SOLE 14,300 EMC COM 268648102 16,644 649,407 SH SOLE 16,644 EMERSON EL COM 291011104 10,818 232,242 SH SOLE 10,818 ENERGEN CORP COM 29265N108 1,213 26,870 SH SOLE 1,213 ENERGIZER COM 29266R108 1,859 24,701 SH SOLE 1,859 ENTERGY COM 29364G103 3,782 55,715 SH SOLE 3,782 EOG COM 26875P101 7,669 85,107 SH SOLE 7,669 EQT CORP COM 26884L109 2,527 47,114 SH SOLE 2,527 EQUIFAX COM 294429105 1,752 37,592 SH SOLE 1,752 EQUINIX COM 29444U502 3,078 17,526 SH SOLE 3,078 EQUITY RESIDENT COM 29476L107 5,912 94,805 SH SOLE 5,912 ESTEE LAUDER COM 518439104 4,083 75,447 SH SOLE 4,083 EVEREST RE COM G3223R108 2,113 20,416 SH SOLE 2,113 EXELON COM 30161N101 10,177 270,521 SH SOLE 10,177 EXPEDIA COM 30212P303 1,462 30,404 SH SOLE 1,462 EXPEDITORS INTL COM 302130109 2,632 67,916 SH SOLE 2,632 EXPRESS SCRIPTS COM 30219G108 14,172 253,848 SH SOLE 14,172 EXXON MOBIL COM 30231G102 127,924 1,494,967 SH SOLE 127,924 F5 NETWORKS COM 315616102 2,483 24,937 SH SOLE 2,483 FAMILY DOLLAR COM 307000109 2,078 31,257 SH SOLE 2,078 FASTENAL CO COM 311900104 3,554 88,179 SH SOLE 3,554 FEDERAL REALTY COM 313747206 2,496 23,976 SH SOLE 2,496 FEDEX COM 31428X106 8,570 93,544 SH SOLE 8,570 FIDELITY COM 31620M106 2,479 72,750 SH SOLE 2,479 FIDELITY NAT TIT COM 31620R105 1,435 74,530 SH SOLE 1,435 FIFTH THIRD COM 316773100 3,957 295,270 SH SOLE 3,957 FIRST ENERGY COM 337932107 6,524 132,619 SH SOLE 6,524 FIRST REP BANK COM 33616C100 1,142 33,976 SH SOLE 1,142 FISERV COM 337738108 3,171 43,901 SH SOLE 3,171

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- FLEXTRONICS COM Y2573F102 1,594 257,124 SH SOLE 1,594 FLIR SYSTEMS COM 302445101 990 50,753 SH SOLE 990 FLOWSERVE CORP COM 34354P105 2,004 17,468 SH SOLE 2,004 FLUOR CORP COM 343412102 2,603 52,747 SH SOLE 2,603 FMC CORP COM 302491303 2,419 45,241 SH SOLE 2,419 FMC TECHNOLOGIES COM 30249U101 2,983 76,031 SH SOLE 2,983 FORD COM 345370860 10,630 1,108,495 SH SOLE 10,630 FOREST LABS COM 345838106 2,929 83,717 SH SOLE 2,929 FOSSIL COM 349882100 1,325 17,310 SH SOLE 1,325 FRANKLIN COM 354613101 5,358 48,272 SH SOLE 5,358 FREEPORT MCM COM 35671D857 10,233 300,339 SH SOLE 10,233 FRONTIER COMMUNI COM 35906A108 1,244 324,836 SH SOLE 1,244 GAMESTOP CORP A 36467W109 796 43,366 SH SOLE 796 GAP COM 364760108 2,758 100,801 SH SOLE 2,758 GE COM 369604103 69,898 3,354,030 SH SOLE 69,898 GENERAL GROWTH COM 370023103 2,918 161,299 SH SOLE 2,918 GENERAL MILLS COM 370334104 7,852 203,740 SH SOLE 7,852 GENUINE PARTS COM 372460105 2,978 49,425 SH SOLE 2,978 GENWORTH COM 37247D106 880 155,545 SH SOLE 880 GILEAD COM 375558103 12,337 240,574 SH SOLE 12,337 GM COM 37045V100 5,810 294,609 SH SOLE 5,810 GOLDMAN SACHS COM 38141G104 14,188 148,010 SH SOLE 14,188 GOODRICH COM 382388106 5,042 39,729 SH SOLE 5,042 GOODYEAR COM 382550101 900 76,223 SH SOLE 900 GOOGLE COM 38259P508 47,670 82,179 SH SOLE 47,670 GRAINGER COM 384802104 3,572 18,679 SH SOLE 3,572 GREEN MOUNTAIN COM 393122106 1,103 50,652 SH SOLE 1,103 HALLIBURTON COM 406216101 8,296 292,222 SH SOLE 8,296 HARLEY DAVIDSON COM 412822108 3,329 72,790 SH SOLE 3,329 HARRIS COM 413875105 1,495 35,730 SH SOLE 1,495 HARTFORD COM 416515104 2,349 133,246 SH SOLE 2,349 HASBRO COM 418056107 1,288 38,028 SH SOLE 1,288 HCA HOLDINGS COM 40412C101 1,992 65,478 SH SOLE 1,992

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- HCP COM 40414L109 5,710 129,328 SH SOLE 5,710 HEALTH CARE COM 42217K106 3,831 65,711 SH SOLE 3,831 HEINZ CO COM 423074103 5,545 101,971 SH SOLE 5,545 HELMERICH PAYNE COM 423452101 1,492 34,307 SH SOLE 1,492 HENRY SCHEIN COM 806407102 2,645 33,698 SH SOLE 2,645 HERBALIFE COM G4412G101 2,156 44,609 SH SOLE 2,156 HERSHEY COM 427866108 3,574 49,617 SH SOLE 3,574 HERTZ GLOBAL COM 42805T105 1,284 100,289 SH SOLE 1,284 HESS COM 42809H107 4,225 97,234 SH SOLE 4,225 HEWLETT PACKARD COM 428236103 12,611 627,085 SH SOLE 12,611 HILLSHIRE COM 432589109 1,094 37,732 SH SOLE 1,094 HOLLYFRONTIER COM 436106108 2,629 74,209 SH SOLE 2,629 HOLOGIC COM 436440101 1,842 102,126 SH SOLE 1,842 HOME DEPOT COM 437076102 25,858 487,983 SH SOLE 25,858 HONEYWELL COM 438516106 12,880 230,665 SH SOLE 12,880 HORMEL FOODS COM 440452100 1,444 47,472 SH SOLE 1,444 HOSPIRA COM 441060100 1,809 51,711 SH SOLE 1,809 HOST HOTELS COM 44107P104 3,569 225,625 SH SOLE 3,569 HUDSON CITY BCP COM 443683107 916 143,837 SH SOLE 916 HUMANA COM 444859102 4,010 51,781 SH SOLE 4,010 HUNT (J.B.) COM 445658107 2,151 36,087 SH SOLE 2,151 IBM COM 459200101 67,674 346,015 SH SOLE 67,674 IGT COM 459902102 1,512 96,016 SH SOLE 1,512 IHS INC A 451734107 2,280 21,161 SH SOLE 2,280 ILLUMINA COM 452327109 1,912 47,329 SH SOLE 1,912 INGERSOLL-RAND COM G47791101 3,958 93,828 SH SOLE 3,958 INTEGRYS ENERGY COM 45822P105 1,394 24,507 SH SOLE 1,394 INTEL COM 458140100 42,186 1,582,977 SH SOLE 42,186 INTERCONTXCHANGE COM 45865V100 3,115 22,905 SH SOLE 3,115 INTL FLAVORS COM 459506101 1,412 25,767 SH SOLE 1,412 INTL PAPER COM 460146103 3,748 129,645 SH SOLE 3,748 INTUIT COM 461202103 5,196 87,546 SH SOLE 5,196 INTUITIVE SURGI COM 46120E602 6,914 12,485 SH SOLE 6,914

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- INVESCO COM G491BT108 3,222 142,555 SH SOLE 3,222 IPG COM 460690100 1,518 139,935 SH SOLE 1,518 IRON MOUNTAIN COM 462846106 1,238 37,546 SH SOLE 1,238 ITW COM 452308109 7,089 134,033 SH SOLE 7,089 JACOBS ENGINEER COM 469814107 1,547 40,865 SH SOLE 1,547 JC PENNY COM 708160106 1,224 52,519 SH SOLE 1,224 JM SMUCKER COM 832696405 2,703 35,790 SH SOLE 2,703 JOHNSON CONTROLS COM 478366107 5,960 215,099 SH SOLE 5,960 JOHNSON JOHNSON COM 478160104 58,870 871,371 SH SOLE 58,870 JOY GLOBAL COM 481165108 1,927 33,962 SH SOLE 1,927 JPM COM 46625H100 43,031 1,204,327 SH SOLE 43,031 JUNIPER COM 48203R104 2,707 165,984 SH SOLE 2,707 KANSAS COM 485170302 2,882 41,433 SH SOLE 2,882 KBR COM 48242W106 1,419 57,426 SH SOLE 1,419 KELLOGG COM 487836108 3,951 80,089 SH SOLE 3,951 KEYCORP COM 493267108 2,309 298,359 SH SOLE 2,309 KIMBERLY-CLARK COM 494368103 10,434 124,550 SH SOLE 10,434 KIMCO REALTY COM 49446R109 2,456 129,066 SH SOLE 2,456 KINDER MORGAN COM 49456B101 4,891 151,812 SH SOLE 4,891 KINDER MORGAN M COM 49455U100 2,494 33,971 SH SOLE 2,494 KLA-TENCOR COM 482480100 2,608 52,950 SH SOLE 2,608 KOHLS COM 500255104 3,475 76,387 SH SOLE 3,475 KRAFT FOODS COM 50075N104 20,399 528,195 SH SOLE 20,399 KROGER COM 501044101 3,956 170,599 SH SOLE 3,956 LAB CORP COM 50540R409 2,835 30,610 SH SOLE 2,835 LAM RESEARCH COM 512807108 2,431 64,422 SH SOLE 2,431 LAS VEGAS SANDS COM 517834107 6,650 152,906 SH SOLE 6,650 LEGG MASON COM 524901105 1,038 39,362 SH SOLE 1,038 LEGGETT N PLATT COM 524660107 934 44,184 SH SOLE 934 LEUCADIA NTL COM 527288104 1,418 66,652 SH SOLE 1,418 LEVEL3 COM 52729N308 1,205 54,380 SH SOLE 1,205 LIBERTY GLOBAL A 530555101 2,569 51,771 SH SOLE 2,569 LIBERTY GLOBAL C 530555309 2,152 45,074 SH SOLE 2,152

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- LIBERTY INTERACT COM 53071M104 3,651 205,224 SH SOLE 3,651 LIBERTY MEDI COM 530322106 3,520 40,041 SH SOLE 3,520 LIBERTY PROPERTY COM 531172104 1,642 44,570 SH SOLE 1,642 LIFE TECHNOLOGIE COM 53217V109 2,524 56,106 SH SOLE 2,524 LIMITED BRANDS COM 532716107 3,427 80,581 SH SOLE 3,427 LINCOLN COM 534187109 2,005 91,685 SH SOLE 2,005 LINEAR TECHNOLOG COM 535678106 2,300 73,425 SH SOLE 2,300 LINKEDIN COM 53578A108 1,691 15,912 SH SOLE 1,691 LOEWS COM 540424108 4,126 100,847 SH SOLE 4,126 LORILLARD COM 544147101 5,505 41,724 SH SOLE 5,505 LOWES COM 548661107 11,169 392,714 SH SOLE 11,169 LSI COM 502161102 1,138 178,707 SH SOLE 1,138 LULULEMON COM 550021109 2,267 38,018 SH SOLE 2,267 LYONDELLBASELL COM N53745100 4,782 118,742 SH SOLE 4,782 M N T BANK COM 55261F104 2,915 35,302 SH SOLE 2,915 MACERICH COM 554382101 2,946 49,891 SH SOLE 2,946 MACY COM 55616P104 4,493 130,793 SH SOLE 4,493 MANPOWERGROUP COM 56418H100 1,121 30,593 SH SOLE 1,121 MARATHON OIL COM 565849106 5,683 222,256 SH SOLE 5,683 MARATHON PETR COM 56585A102 4,929 109,718 SH SOLE 4,929 MARRIOTT COM 571903202 3,340 85,214 SH SOLE 3,340 MARSH N MCLENNAN COM 571748102 5,531 171,599 SH SOLE 5,531 MARTIN MARIETTA COM 573284106 1,400 17,760 SH SOLE 1,400 MARVELL TECH COM G5876H105 2,099 186,113 SH SOLE 2,099 MASCO CORP COM 574599106 1,560 112,466 SH SOLE 1,560 MASTERCARD COM 57636Q104 15,001 34,876 SH SOLE 15,001 MATTEL COM 577081102 3,520 108,504 SH SOLE 3,520 MAXIM INTEGRATED COM 57772K101 2,810 109,580 SH SOLE 2,810 MC DONALDS COM 580135101 28,623 323,313 SH SOLE 28,623 MCCORMICK N CO COM 579780206 2,238 36,895 SH SOLE 2,238 MCGRAW-HILL COM 580645109 3,476 77,246 SH SOLE 3,476 MCKESSON COM 58155Q103 7,311 77,980 SH SOLE 7,311 MDU RESOURCES COM 552690109 1,450 67,086 SH SOLE 1,450

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- MEAD JOHNSON COM 582839106 5,194 64,516 SH SOLE 5,194 MEADWESTVACO COM 583334107 1,552 53,990 SH SOLE 1,552 MEDTRONIC COM 585055106 12,965 334,763 SH SOLE 12,965 MERCK N CO COM 589331107 40,329 965,967 SH SOLE 40,329 METLIFE COM 59156R108 7,876 255,302 SH SOLE 7,876 METROPCS COMM COM 591708102 582 96,260 SH SOLE 582 MGM RESORTS INT COM 552953101 1,530 137,107 SH SOLE 1,530 MICROCHIP COM 595017104 2,011 60,799 SH SOLE 2,011 MICRON COM 595112103 1,960 310,603 SH SOLE 1,960 MICROSOFT COM 594918104 73,411 2,399,839 SH SOLE 73,411 MOHAWK IND COM 608190104 1,557 22,293 SH SOLE 1,557 MOLSON COORS B 60871R209 1,925 46,262 SH SOLE 1,925 MONSANTO COM 61166W101 14,081 170,104 SH SOLE 14,081 MONSTER BEVEREGE COM 611740101 3,968 55,732 SH SOLE 3,968 MOODYS COM 615369105 2,317 63,406 SH SOLE 2,317 MORGAN STANLEY COM 617446448 6,807 466,523 SH SOLE 6,807 MOSAIC CO COM 61945C103 5,126 93,609 SH SOLE 5,126 MOTOROLA SOLUT COM 620076307 4,035 83,879 SH SOLE 4,035 MURPHY OIL COM 626717102 2,892 57,497 SH SOLE 2,892 MYLAN LABS COM 628530107 2,877 134,649 SH SOLE 2,877 NABORS IND COM G6359F103 1,322 91,810 SH SOLE 1,322 NASDAQ OMX COM 631103108 949 41,842 SH SOLE 949 NATIONAL OILWELL COM 637071101 8,698 134,973 SH SOLE 8,698 NETAPP COM 64110D104 3,588 112,769 SH SOLE 3,588 NETFLIX COM 64110L106 1,119 16,343 SH SOLE 1,119 NEW YORK CMNTY B 649445103 2,109 168,336 SH SOLE 2,109 NEWELL COM 651229106 1,632 89,961 SH SOLE 1,632 NEWFIELD COM 651290108 1,278 43,590 SH SOLE 1,278 NEWMONT MINING COM 651639106 7,649 157,675 SH SOLE 7,649 NEWS CORP A 65248E104 11,171 501,148 SH SOLE 11,171 NEWS CORP B 65248E203 3,690 163,862 SH SOLE 3,690 NEXTERA ENERGY COM 65339F101 8,514 123,726 SH SOLE 8,514 NIELSEN HOLDINGS COM N63218106 1,266 48,266 SH SOLE 1,266

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- NII HOLDINGS COM 62913F201 679 66,355 SH SOLE 679 NIKE B 654106103 10,252 116,791 SH SOLE 10,252 NISOURCE COM 65473P105 2,234 90,252 SH SOLE 2,234 NOBLE COM H5833N103 2,584 79,419 SH SOLE 2,584 NOBLE ENERGY COM 655044105 4,750 55,999 SH SOLE 4,750 NORDSTROM COM 655664100 2,621 52,757 SH SOLE 2,621 NORFOLK SOUTHERN COM 655844108 7,491 104,378 SH SOLE 7,491 NORTHEAST COM 664397106 3,832 98,739 SH SOLE 3,832 NORTHERN TRUST COM 665859104 3,079 66,907 SH SOLE 3,079 NORTHROP COM 666807102 4,807 75,353 SH SOLE 4,807 NRG ENERGY COM 629377508 1,315 75,762 SH SOLE 1,315 NUANCE COM 67020Y100 2,193 92,046 SH SOLE 2,193 NUCOR COM 670346105 3,800 100,275 SH SOLE 3,800 NVIDIA COM 67066G104 2,735 197,906 SH SOLE 2,735 NYSE EURONEXT COM 629491101 2,079 81,283 SH SOLE 2,079 OCCIDENTAL COM 674599105 22,095 257,608 SH SOLE 22,095 OMNICARE COM 681904108 1,383 44,300 SH SOLE 1,383 OMNICOM COM 681919106 4,182 86,041 SH SOLE 4,182 ONEOK COM 682680103 2,600 61,445 SH SOLE 2,600 ORACLE COM 68389X105 38,072 1,281,887 SH SOLE 38,072 OREILLY COM 686091109 3,363 40,142 SH SOLE 3,363 OWENS-ILLINOIS COM 690768403 992 51,741 SH SOLE 992 PACCAR COM 693718108 4,151 105,915 SH SOLE 4,151 PALL CORP COM 696429307 2,010 36,675 SH SOLE 2,010 PARKER HANNIFIN COM 701094104 3,605 46,897 SH SOLE 3,605 PARTNERRE COM G6852T105 1,861 24,596 SH SOLE 1,861 PATTERSON COS COM 703395103 954 27,687 SH SOLE 954 PAYCHEX COM 704326107 3,150 100,289 SH SOLE 3,150 PEABODY ENERGY COM 704549104 2,168 88,402 SH SOLE 2,168 PENTAIR COM 709631105 1,436 37,505 SH SOLE 1,436 PEOPLES UNITED COM 712704105 1,317 113,434 SH SOLE 1,317 PEPCO HOLDINGS COM 713291102 1,413 72,197 SH SOLE 1,413 PEPSICO COM 713448108 35,228 498,551 SH SOLE 35,228

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- PERRIGO COM 714290103 3,258 27,628 SH SOLE 3,258 PETSMART COM 716768106 2,854 41,861 SH SOLE 2,854 PFIZER COM 717081103 55,080 2,394,778 SH SOLE 55,080 PG N E COM 69331C108 5,950 131,428 SH SOLE 5,950 PHILIP MORRIS COM 718172109 47,698 546,622 SH SOLE 47,698 PHILLIPS 66 COM 718546104 6,607 198,772 SH SOLE 6,607 PINNACLE WEST COM 723484101 1,811 34,997 SH SOLE 1,811 PIONEER NATURAL COM 723787107 3,229 36,609 SH SOLE 3,229 PITNEY BOWES COM 724479100 931 62,218 SH SOLE 931 PLAINS EXPLORAT COM 726505100 1,689 48,005 SH SOLE 1,689 PLUM CREEK TIMB COM 729251108 2,079 52,373 SH SOLE 2,079 PNC COM 693475105 10,217 167,196 SH SOLE 10,217 PPG INDUSTRIES COM 693506107 5,098 48,039 SH SOLE 5,098 PPL COM 69351T106 5,140 184,826 SH SOLE 5,140 PRAXAIR COM 74005P104 10,256 94,329 SH SOLE 10,256 PRECISION CASTPA COM 740189105 7,586 46,120 SH SOLE 7,586 PRICELINE.COM COM 741503403 10,494 15,792 SH SOLE 10,494 PRINCIPAL COM 74251V102 2,490 94,933 SH SOLE 2,490 PROCTER N GAMBLE COM 742718109 53,579 874,762 SH SOLE 53,579 PROGRESS COM 743263105 5,615 93,326 SH SOLE 5,615 PROGRESSIVE COM 743315103 3,779 181,406 SH SOLE 3,779 PROLOGICS COM 74340W103 4,799 144,410 SH SOLE 4,799 PRUD FIN USA COM 744320102 7,156 147,768 SH SOLE 7,156 PUBLIC SERVICE COM 744573106 5,193 159,788 SH SOLE 5,193 PUBLIC STORAGE COM 74460D109 6,671 46,195 SH SOLE 6,671 PVH COM 693656100 2,007 25,805 SH SOLE 2,007 QEP RESOURCES IN COM 74733V100 1,718 57,340 SH SOLE 1,718 QUALCOMM COM 747525103 29,795 535,116 SH SOLE 29,795 QUANTA SERVICES COM 74762E102 1,571 65,269 SH SOLE 1,571 QUEST DIAGN COM 74834L100 3,004 50,158 SH SOLE 3,004 RACKSPACE HOSTIN COM 750086100 1,774 40,363 SH SOLE 1,774 RALCORP HOLDING COM 751028101 1,381 20,696 SH SOLE 1,381 RALPH LAUREN COM 731572101 2,695 19,245 SH SOLE 2,695

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- RANGE RESOURCES COM 75281A109 3,172 51,263 SH SOLE 3,172 RAYONIER COM 754907103 2,047 45,599 SH SOLE 2,047 RED HAT COM 756577102 3,517 62,261 SH SOLE 3,517 REGENCY CENTERS COM 758849103 1,599 33,622 SH SOLE 1,599 REGENERON COM 75886F107 3,154 27,610 SH SOLE 3,154 REGIONS FINAN COM 7591EP100 3,003 444,856 SH SOLE 3,003 RENAISSANCERE COM G7496G103 1,464 19,258 SH SOLE 1,464 REPUBLIC SVC COM 760759100 2,623 99,145 SH SOLE 2,623 REYNOLDS AMER COM 761713106 4,967 110,688 SH SOLE 4,967 ROBERT HALF COM 770323103 1,197 41,887 SH SOLE 1,197 ROCK-TENN COM 772739207 1,464 26,842 SH SOLE 1,464 ROCKWELL COM 773903109 2,878 43,564 SH SOLE 2,878 ROCKWELL COLLINS COM 774341101 2,085 42,253 SH SOLE 2,085 ROPER INDUSTRIES COM 776696106 2,997 30,402 SH SOLE 2,997 ROSS STORES COM 778296103 4,509 72,183 SH SOLE 4,509 ROWAN COS COM 779382100 1,249 38,631 SH SOLE 1,249 ROYAL CARIBBEAN COM V7780T103 1,414 54,320 SH SOLE 1,414 SAFEWAY COM 786514208 1,558 85,866 SH SOLE 1,558 SAIC COM 78390X101 1,079 89,047 SH SOLE 1,079 SALESFORCE.COM COM 79466L302 5,592 40,445 SH SOLE 5,592 SANDISK COM 80004C101 2,804 76,860 SH SOLE 2,804 SBA COMM COM 78388J106 2,522 44,203 SH SOLE 2,522 SCANA CORP COM 80589M102 1,889 39,491 SH SOLE 1,889 SCHLUMBERGER COM 806857108 27,504 423,730 SH SOLE 27,504 SCRIPPS NETW A 811065101 1,633 28,726 SH SOLE 1,633 SEALED AIR COM 81211K100 868 56,249 SH SOLE 868 SEARS HOLDINGS COM 812350106 685 11,474 SH SOLE 685 SEI INVESTMENTS COM 784117103 1,124 56,506 SH SOLE 1,124 SEMPRA ENERGY COM 816851109 4,870 70,705 SH SOLE 4,870 SENSATA TECH COM N7902X106 880 32,859 SH SOLE 880 SHERWIN-WILLIAMS COM 824348106 3,713 28,051 SH SOLE 3,713 SIGMA ALDRICH COM 826552101 2,866 38,768 SH SOLE 2,866 SIMON PROPERTY COM 828806109 14,582 93,681 SH SOLE 14,582

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- SIRIUS SATELLITE COM 82967N108 2,648 1,431,345 SH SOLE 2,648 SL GREEN REALTY COM 78440X101 2,601 32,411 SH SOLE 2,601 SLM COM 78442P106 2,548 162,211 SH SOLE 2,548 SOUTHERN COM 842587107 12,651 273,231 SH SOLE 12,651 SOUTHWEST AIR COM 844741108 255 27,681 SH SOLE 255 SOUTHWESTERN COM 845467109 3,516 110,112 SH SOLE 3,516 SPECTRA ENERGY COM 847560109 5,937 204,313 SH SOLE 5,937 SPRINT NEXTEL COM 852061100 3,133 961,068 SH SOLE 3,133 SPX CORP COM 784635104 1,226 18,766 SH SOLE 1,226 ST JUDE MEDICAL COM 790849103 4,014 100,576 SH SOLE 4,014 STANLEY BLACK D COM 854502101 3,246 50,439 SH SOLE 3,246 STAPLES COM 855030102 2,857 218,914 SH SOLE 2,857 STARBUCKS COM 855244109 12,707 238,314 SH SOLE 12,707 STARWOOD COM 85590A401 3,312 62,438 SH SOLE 3,312 STATE STREET COM 857477103 6,880 154,120 SH SOLE 6,880 STERICYCLE COM 858912108 2,446 26,686 SH SOLE 2,446 STRYKER COM 863667101 5,239 95,075 SH SOLE 5,239 SUNOCO COM 86764P109 1,613 33,965 SH SOLE 1,613 SUNTRUST COM 867914103 4,059 167,521 SH SOLE 4,059 SUPERIOR ENERGY COM 868157108 1,194 59,000 SH SOLE 1,194 SYMANTEC COM 871503108 3,427 234,536 SH SOLE 3,427 SYNOPSYS COM 871607107 1,585 53,848 SH SOLE 1,585 SYSCO COM 871829107 5,538 185,787 SH SOLE 5,538 T ROWE PRICE COM 74144T108 5,036 79,991 SH SOLE 5,036 TARGET COM 87612E106 11,616 199,621 SH SOLE 11,616 TD AMERITRADE COM 87236Y108 1,425 83,819 SH SOLE 1,425 TE CONNECTIVITY COM H84989104 4,291 134,465 SH SOLE 4,291 TERADATA COM 88076W103 3,801 52,780 SH SOLE 3,801 TEXAS INSTR COM 882508104 10,443 363,979 SH SOLE 10,443 THERMO ELECTRON COM 883556102 6,000 115,584 SH SOLE 6,000 TIFFANY COM 886547108 2,118 40,006 SH SOLE 2,118 TIME WARNER CABL COM 88732J207 8,154 99,316 SH SOLE 8,154 TIME WARNER NEW COM 887317303 11,808 306,702 SH SOLE 11,808

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- TJX COS COM 872540109 10,266 239,130 SH SOLE 10,266 TOLL BROTHERS COM 889478103 1,649 55,453 SH SOLE 1,649 TORCHMARK COM 891027104 1,587 31,398 SH SOLE 1,587 TOTAL SYSTEM COM 891906109 1,203 50,258 SH SOLE 1,203 TRACTOR SUPPLY COM 892356106 2,233 26,889 SH SOLE 2,233 TRANSDIGM GROUP COM 893641100 2,424 18,051 SH SOLE 2,424 TRAVELERS COS COM 89417E109 7,934 124,278 SH SOLE 7,934 TRIMBLE NAVIG COM 896239100 2,153 46,788 SH SOLE 2,153 TRW AUTOMOTIVE COM 87264S106 1,482 40,317 SH SOLE 1,482 TYCO INT COM H89128104 7,700 145,690 SH SOLE 7,700 TYSON FOODS A 902494103 1,802 95,682 SH SOLE 1,802 UAL CORP COM 910047109 722 29,690 SH SOLE 722 UDR COM 902653104 2,544 98,444 SH SOLE 2,544 ULTA SALON COSME COM 90384S303 2,091 22,392 SH SOLE 2,091 ULTRA PETROLEUM COM 903914109 1,372 59,451 SH SOLE 1,372 UNION PACIFIC COM 907818108 18,130 151,953 SH SOLE 18,130 UNITED HEALTH COM 91324P102 19,421 331,991 SH SOLE 19,421 UNITED TECH COM 913017109 20,416 270,304 SH SOLE 20,416 UNUM COM 91529Y106 1,768 92,435 SH SOLE 1,768 UPS COM 911312106 16,880 214,328 SH SOLE 16,880 URBAN OUTFITTERS COM 917047102 1,001 36,269 SH SOLE 1,001 URS CORP COM 903236107 1,076 30,853 SH SOLE 1,076 US BANCORP COM 902973304 19,450 604,804 SH SOLE 19,450 US STEEL COM 912909108 980 47,559 SH SOLE 980 VALERO ENERGY COM 91913Y100 4,304 178,222 SH SOLE 4,304 VARIAN MEDICAL COM 92220P105 2,173 35,759 SH SOLE 2,173 VENTAS COM 92276F100 5,801 91,899 SH SOLE 5,801 VERIFONE COM 92342Y109 1,321 39,916 SH SOLE 1,321 VERISIGN COM 92343E102 2,183 50,109 SH SOLE 2,183 VERISK ANALYTICS COM 92345Y106 2,601 52,807 SH SOLE 2,601 VERIZON COM 92343V104 40,024 900,624 SH SOLE 40,024 VERTEX PHARMA COM 92532F100 4,427 79,158 SH SOLE 4,427 VF CORP COM 918204108 3,728 27,939 SH SOLE 3,728

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- VIACOM B 92553P201 7,127 151,568 SH SOLE 7,127 VIRGIN MEDIA COM 92769L101 2,425 99,426 SH SOLE 2,425 VISA A 92826C839 20,831 168,498 SH SOLE 20,831 VMWARE A 928563402 2,781 30,542 SH SOLE 2,781 VORNADO COM 929042109 4,318 51,421 SH SOLE 4,318 VULCAN COM 929160109 1,645 41,426 SH SOLE 1,645 WAL-MART STORES COM 931142103 42,296 606,657 SH SOLE 42,296 WALGREEN COM 931422109 8,230 278,235 SH SOLE 8,230 WALT DISNEY COM 254687106 25,872 533,442 SH SOLE 25,872 WALTER ENERGY COM 93317Q105 1,057 23,932 SH SOLE 1,057 WARNER CHILCOTT COM G94368100 1,168 65,169 SH SOLE 1,168 WASHINGTON POST COM 939640108 539 1,441 SH SOLE 539 WASTE MGMT COM 94106L109 4,630 138,637 SH SOLE 4,630 WATERS COM 941848103 2,245 28,252 SH SOLE 2,245 WATSON PHARMA COM 942683103 2,962 40,030 SH SOLE 2,962 WEATHERFORD COM H27013103 3,601 285,144 SH SOLE 3,601 WELLPOINT COM 94973V107 6,749 105,795 SH SOLE 6,749 WELLS FARGO COM 949746101 52,479 1,569,346 SH SOLE 52,479 WESTERN DIGITAL COM 958102105 2,286 74,993 SH SOLE 2,286 WESTERN UNION COM 959802109 3,295 195,661 SH SOLE 3,295 WEYERHAEUSER COM 962166104 3,761 168,191 SH SOLE 3,761 WHIRLPOOL COM 963320106 1,492 24,399 SH SOLE 1,492 WHITING PETROLEU COM 966387102 1,810 44,021 SH SOLE 1,810 WHOLE FOODS COM 966837106 5,278 55,373 SH SOLE 5,278 WILLIAMS COM 969457100 5,333 185,058 SH SOLE 5,333 WILLIS GROUP COM G96666105 2,384 65,335 SH SOLE 2,384 WINDSTREAM COM 97381W104 1,811 187,472 SH SOLE 1,811 WISCONSIN ENERGY COM 976657106 2,873 72,596 SH SOLE 2,873 WYNDHAM WORLD COM 98310W108 2,431 46,100 SH SOLE 2,431 WYNN RESORTS COM 983134107 2,701 26,045 SH SOLE 2,701 XCEL ENERGY COM 98389B100 4,366 153,679 SH SOLE 4,366 XEROX COM 984121103 3,305 419,903 SH SOLE 3,305 XILINX COM 983919101 2,770 82,509 SH SOLE 2,770

VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INV. OTHER ------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- XYLEM COM 98419M100 1,457 57,896 SH SOLE 1,457 YAHOO COM 984332106 5,706 360,479 SH SOLE 5,706 YUM BRANDS COM 988498101 9,400 145,920 SH SOLE 9,400 ZIMMER COM 98956P102 3,615 56,169 SH SOLE 3,615