0001140361-11-026695.txt : 20110511 0001140361-11-026695.hdr.sgml : 20110511 20110511163116 ACCESSION NUMBER: 0001140361-11-026695 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110511 DATE AS OF CHANGE: 20110511 EFFECTIVENESS DATE: 20110511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC CENTRAL INDEX KEY: 0000898286 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12476 FILM NUMBER: 11832296 BUSINESS ADDRESS: STREET 1: 1000 PLACE JEAN-PAUL RIOPELLE CITY: MONTREAL STATE: A8 ZIP: H2Z2B3 BUSINESS PHONE: 514 847-2353 MAIL ADDRESS: STREET 1: 1000 PLACE JEAN-PAUL RIOPELLE CITY: MONTREAL STATE: A8 ZIP: H2Z2B3 13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2011 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Caisse de depot et placement du Quebec Address: 1000, place Jean-Paul-Riopelle Montreal, Quebec, H2Z 2B3 Form 13F File Number: 28-12476 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. Persons Signing this Report on Behalf of Reporting Manager: Name: Soulef Hadjoudj Title: Legal Counsel Phone: (514) 847-5998 Signature, Place, and Date of Signing: /s/ Soulef Hadjoudj Montreal, Quebec 5/10/2011 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 696 Form 13F Information Table Value Total: $ 15,391,529 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- 3M Co COMMON 88579Y101 8985 96100 SH SOLE NONE X 0 0 Abbott Laboratories COMMON 002824100 15186 309600 SH SOLE NONE X 0 0 Abercrombie & Fitch Co COMMON 002896207 1062 18100 SH SOLE NONE X 0 0 Accenture Plc COMMON G1151C101 836 15200 SH SOLE NONE X 0 0 Accenture Plc LISTED OPTION G1151C101 184 1250 SH CALL SOLE NONE X 0 0 ACE Ltd COMMON H0023R105 2517 38900 SH SOLE NONE X 0 0 Activision Blizzard Inc COMMON 00507V109 612 55800 SH SOLE NONE X 0 0 Actuant Corp COMMON 00508X203 2900 100000 SH SOLE NONE X 0 0 Adobe Systems Inc COMMON 00724F101 9179 276800 SH SOLE NONE X 0 0 Adobe Systems Inc LISTED OPTION 00724F101 15 2000 SH PUT SOLE NONE X 0 0 Advance Auto Parts Inc COMMON 00751Y106 866 13200 SH SOLE NONE X 0 0 Advanced Micro Devices Inc COMMON 007903107 349 40600 SH SOLE NONE X 0 0 Advanced Micro Devices Inc LISTED OPTION 007903107 52 2000 SH PUT SOLE NONE X 0 0 AES Corp/The COMMON 00130H105 7038 541400 SH SOLE NONE X 0 0 Aetna Inc COMMON 00817Y108 1999 53400 SH SOLE NONE X 0 0 Affiliated Managers Group Inc COMMON 008252108 1641 15000 SH SOLE NONE X 0 0 Agilent Technologies Inc COMMON 00846U101 2096 46800 SH SOLE NONE X 0 0 Air Products & Chemicals Inc COMMON 009158106 5149 57100 SH SOLE NONE X 0 0 Airgas Inc COMMON 009363102 963 14500 SH SOLE NONE X 0 0 Akamai Technologies Inc COMMON 00971T101 502 13200 SH SOLE NONE X 0 0 Alberto-Culver Co COMMON 013078100 4927 132200 SH SOLE NONE X 0 0 Alcatel-Lucent ADR 013904305 862 148442 SH SOLE NONE X 0 0 Alcoa Inc COMMON 013817101 4834 273900 SH SOLE NONE X 0 0 Allegheny Technologies Inc COMMON 01741R102 1144 16900 SH SOLE NONE X 0 0 Allergan Inc COMMON 018490102 8636 121600 SH SOLE NONE X 0 0 Alliant Energy Corp COMMON 018802108 677 17400 SH SOLE NONE X 0 0 Allied World Assurance Co Holdings Ltd COMMON G0219G203 5025 80156 SH SOLE NONE X 0 0 Allstate Corp/The COMMON 020002101 1897 59700 SH SOLE NONE X 0 0 Alpha Natural Resources Inc COMMON 02076X102 481 8100 SH SOLE NONE X 0 0 Altria Group Inc COMMON 02209S103 15571 598200 SH SOLE NONE X 0 0 Amazon.Com Inc COMMON 023135106 4972 27600 SH SOLE NONE X 0 0 Amazon.Com Inc LISTED OPTION 023135106 240 200 SH CALL SOLE NONE X 0 0 Amazon.Com Inc LISTED OPTION 023135106 -35 -100 SH PUT SOLE NONE X 0 0 Ameren Corp COMMON 023608102 1384 49300 SH SOLE NONE X 0 0 American Capital Ltd COMMON 02503Y103 5049 510000 SH SOLE NONE X 0 0 American Eagle Outfitters Inc COMMON 02553E106 464 29200 SH SOLE NONE X 0 0 American Electric Power Co Inc COMMON 025537101 4835 137600 SH SOLE NONE X 0 0 American Express Co COMMON 025816109 5560 123000 SH SOLE NONE X 0 0 American International Group Inc COMMON 026874784 453 12900 SH SOLE NONE X 0 0 American Medical Systems Holdings Inc NOTE 02744MAB4 20151 15000000 PRN SOLE NONE X 0 0 American Tower Corp COMMON 029912201 5918 114200 SH SOLE NONE X 0 0 American Water Works Co Inc COMMON 030420103 771 27500 SH SOLE NONE X 0 0 Ameriprise Financial Inc COMMON 03076C106 3268 53500 SH SOLE NONE X 0 0 AmerisourceBergen Corp COMMON 03073E105 597 15100 SH SOLE NONE X 0 0 Ametek Inc COMMON 031100100 11637 265250 SH SOLE NONE X 0 0 Amgen Inc COMMON 031162100 6815 127500 SH SOLE NONE X 0 0 Amphenol Corp COMMON 032095101 674 12400 SH SOLE NONE X 0 0 Anadarko Petroleum Corp COMMON 032511107 20234 247000 SH SOLE NONE X 0 0 Analog Devices Inc COMMON 032654105 831 21100 SH SOLE NONE X 0 0 Annaly Capital Management Inc REIT 035710409 925 53000 SH SOLE NONE X 0 0 AON Corp COMMON 037389103 1907 36000 SH SOLE NONE X 0 0 Apache Corp COMMON 037411105 9785 74740 SH SOLE NONE X 0 0 Apollo Group Inc COMMON 037604105 1118 26800 SH SOLE NONE X 0 0 Apple Inc COMMON 037833100 58156 166900 SH SOLE NONE X 0 0 Applied Materials Inc COMMON 038222105 3141 201100 SH SOLE NONE X 0 0 Applied Micro Circuits Corp COMMON 03822W406 3114 300000 SH SOLE NONE X 0 0 Archer-Daniels-Midland Co COMMON 039483102 6586 182900 SH SOLE NONE X 0 0 Assured Guaranty Ltd COMMON G0585R106 1415 95000 SH SOLE NONE X 0 0 AT&T Inc COMMON 00206R102 51803 1692900 SH SOLE NONE X 0 0 Autodesk Inc COMMON 052769106 710 16100 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Autodesk Inc LISTED OPTION 052769106 -228 -800 SH CALL SOLE NONE X 0 0 Autoliv Inc COMMON 052800109 1035 13940 SH SOLE NONE X 0 0 Automatic Data Processing Inc COMMON 053015103 3833 74700 SH SOLE NONE X 0 0 AutoZone Inc COMMON 053332102 2079 7600 SH SOLE NONE X 0 0 Avago Technologies Ltd COMMON Y0486S104 10235 329100 SH SOLE NONE X 0 0 Avago Technologies Ltd LISTED OPTION Y0486S104 -51 -500 SH CALL SOLE NONE X 0 0 AvalonBay Communities Inc REIT 053484101 360 3000 SH SOLE NONE X 0 0 Avery Dennison Corp COMMON 053611109 864 20600 SH SOLE NONE X 0 0 Baker Hughes Inc COMMON 057224107 6205 84509 SH SOLE NONE X 0 0 Ball Corp COMMON 058498106 1115 31100 SH SOLE NONE X 0 0 Banco Santander Chile ADR 05965X109 2077 23937 SH SOLE NONE X 0 0 Bank of America Corp COMMON 060505104 16764 1257600 SH SOLE NONE X 0 0 Bank of New York Mellon Corp, The COMMON 064058100 2781 93100 SH SOLE NONE X 0 0 BankUnited Inc COMMON 06652K103 2871 100000 SH SOLE NONE X 0 0 Banque Toronto-Dominion, La COMMON 891160509 312957 3548127 SH SOLE NONE X 0 0 Basell AF SCA COMMON N53745100 2434 61530 SH SOLE NONE X 0 0 Baxter International Inc COMMON 071813109 4242 78900 SH SOLE NONE X 0 0 Baytex Energy Corp COMMON 07317Q105 963 16524 SH SOLE NONE X 0 0 BB&T Corp COMMON 054937107 2193 79900 SH SOLE NONE X 0 0 BE Aerospace Inc COMMON 073302101 7106 200000 SH SOLE NONE X 0 0 Beckman Coulter Inc COMMON 075811109 5840 70300 SH SOLE NONE X 0 0 Bed Bath & Beyond Inc COMMON 075896100 3572 74000 SH SOLE NONE X 0 0 Berkshire Hathaway Inc COMMON 084670702 11934 142700 SH SOLE NONE X 0 0 Best Buy Co Inc COMMON 086516101 2766 96300 SH SOLE NONE X 0 0 BHP Billiton PLC ADR 05545E209 74010 929769 SH SOLE NONE X 0 0 BioMimetic Therapeutics Inc COMMON 09064X101 3015 230000 SH SOLE NONE X 0 0 Blackboard Inc COMMON 091935502 2718 75000 SH SOLE NONE X 0 0 BlackRock Inc COMMON 09247X101 4603 22900 SH SOLE NONE X 0 0 Boeing Co/The COMMON 097023105 7504 101500 SH SOLE NONE X 0 0 Booz Allen Hamilton Holding Corp COMMON 099502106 8285 460000 SH SOLE NONE X 0 0 BorgWarner Inc COMMON 099724106 1418 17800 SH SOLE NONE X 0 0 Boston Properties Inc REIT 101121101 1546 16300 SH SOLE NONE X 0 0 Boston Scientific Corp COMMON 101137107 1483 206200 SH SOLE NONE X 0 0 Bravo Brio Restaurant Group Inc COMMON 10567B109 4078 230518 SH SOLE NONE X 0 0 Bristol-Myers Squibb Co COMMON 110122108 12726 481500 SH SOLE NONE X 0 0 Brocade Communications Systems Inc COMMON 111621306 3746 609119 SH SOLE NONE X 0 0 Brookfield Properties Corp COMMON 112900105 114708 6502461 SH SOLE NONE X 0 0 Brown-Forman Corp COMMON 115637209 1209 17700 SH SOLE NONE X 0 0 Bucyrus International Inc COMMON 118759109 1104 12069 SH SOLE NONE X 0 0 Bunge Ltd COMMON G16962105 1570 21700 SH SOLE NONE X 0 0 CA Inc COMMON 12673P105 1468 60700 SH SOLE NONE X 0 0 CA Inc LISTED OPTION 12673P105 42 1200 SH PUT SOLE NONE X 0 0 Cablevision Systems Corp COMMON 12686C109 1727 49900 SH SOLE NONE X 0 0 Cabot Oil & Gas Corp COMMON 127097103 630 11900 SH SOLE NONE X 0 0 CAE Inc COMMON 124765108 42728 3226977 SH SOLE NONE X 0 0 Calix Inc COMMON 13100M509 2843 140000 SH SOLE NONE X 0 0 Calpine Corp COMMON 131347304 2476 156000 SH SOLE NONE X 0 0 Cameco Corp COMMON 13321L108 30011 1001145 SH SOLE NONE X 0 0 Camelot Information Systems Inc ADR 13322V105 5060 305000 SH SOLE NONE X 0 0 Cameron International Corp COMMON 13342B105 1593 27900 SH SOLE NONE X 0 0 Canadian Natural Resources Limited COMMON 136385101 489029 9922876 SH SOLE NONE X 0 0 Capital One Financial Corporation COMMON 14040H105 4817 92700 SH SOLE NONE X 0 0 CareFusion Corp COMMON 14170T101 3167 112300 SH SOLE NONE X 0 0 Carmax Inc COMMON 143130102 1483 46200 SH SOLE NONE X 0 0 Carnival Corp COMMON 143658300 14141 368635 SH SOLE NONE X 0 0 Caterpillar Inc COMMON 149123101 20266 182000 SH SOLE NONE X 0 0 CB Richard Ellis Group Inc COMMON 12497T101 264 9900 SH SOLE NONE X 0 0 CBS Corp COMMON 124857202 3300 131800 SH SOLE NONE X 0 0 Celanese Corp COMMON 150870103 945 21300 SH SOLE NONE X 0 0 Celgene Corp COMMON 151020104 3652 63475 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Cellcom Israel Ltd COMMON M2196U109 1877 57088 SH SOLE NONE X 0 0 Cenovus Energy Inc COMMON 15135U109 151509 3848058 SH SOLE NONE X 0 0 CenturyTel Inc COMMON 156700106 4101 98700 SH SOLE NONE X 0 0 Cephalon Inc COMMON 156708109 318 4200 SH SOLE NONE X 0 0 Cephalon Inc NOTE 156708AP4 43444 26000000 PRN SOLE NONE X 0 0 Cerner Corp COMMON 156782104 441 3970 SH SOLE NONE X 0 0 Cerner Corp LISTED OPTION 156782104 24 500 SH PUT SOLE NONE X 0 0 CF Industries Holdings Inc COMMON 125269100 1801 13165 SH SOLE NONE X 0 0 CH Robinson Worldwide Inc COMMON 12541W209 3521 47500 SH SOLE NONE X 0 0 Chesapeake Energy Corp COMMON 165167107 4291 128000 SH SOLE NONE X 0 0 Chevron Corp COMMON 166764100 42263 393400 SH SOLE NONE X 0 0 Childrens Place Retail Stores Inc/The COMMON 168905107 2990 60000 SH SOLE NONE X 0 0 China Hydroelectric Corp ADR 16949D101 1527 210350 SH SOLE NONE X 0 0 Chipotle Mexican Grill Inc COMMON 169656105 1313 4820 SH SOLE NONE X 0 0 Chubb Corp COMMON 171232101 6413 104600 SH SOLE NONE X 0 0 Church & Dwight Co Inc COMMON 171340102 2864 36100 SH SOLE NONE X 0 0 Cia de Minas Buenaventura SA ADR 204448104 14319 333229 SH SOLE NONE X 0 0 CIGNA Corp COMMON 125509109 1621 36600 SH SOLE NONE X 0 0 Cimarex Energy Co COMMON 171798101 645 5600 SH SOLE NONE X 0 0 Cintas Corp COMMON 172908105 805 26600 SH SOLE NONE X 0 0 Cisco Systems Inc COMMON 17275R102 103025 6007300 SH SOLE NONE X 0 0 Cisco Systems Inc LISTED OPTION 17275R102 59 22000 SH CALL SOLE NONE X 0 0 Cisco Systems Inc LISTED OPTION 17275R### -## -#### SH PUT SOLE NONE X 0 0 Citigroup Inc COMMON 172967101 21914 4957900 SH SOLE NONE X 0 0 Cliffs Natural Resources Inc COMMON 18683K101 2467 25100 SH SOLE NONE X 0 0 Clorox Co COMMON 189054109 2796 39900 SH SOLE NONE X 0 0 CME Group Inc COMMON 12572Q105 2292 7600 SH SOLE NONE X 0 0 CMS Energy Corp COMMON 125896100 240 12200 SH SOLE NONE X 0 0 Coach Inc COMMON 189754104 4418 84900 SH SOLE NONE X 0 0 Cobalt International Energy Inc COMMON 19075F106 690 41040 SH SOLE NONE X 0 0 Cobalt International Energy Inc COMMON 19075F106 538602 32035093 SH OTHER NONE 0 X 0 Coca-Cola Co/The COMMON 191216100 40374 608500 SH SOLE NONE X 0 0 Coca-Cola Enterprises Inc COMMON 19122T109 1892 69300 SH SOLE NONE X 0 0 Cognizant Technology Solutions Corp COMMON 192446102 3744 46000 SH SOLE NONE X 0 0 Cognizant Technology Solutions Corp LISTED OPTION 192446102 -170 -400 SH CALL SOLE NONE X 0 0 Colgate-Palmolive Co COMMON 194162103 3133 38800 SH SOLE NONE X 0 0 Comcast Corp COMMON 20030N101 15497 626900 SH SOLE NONE X 0 0 Comcast Corp COMMON 20030N200 4026 173400 SH SOLE NONE X 0 0 Comerica Inc COMMON 200340107 220 6004 SH SOLE NONE X 0 0 Compagnie des chemins de fer nationaux COMMON 136375102 177685 2362864 SH SOLE NONE X 0 0 Compagnie Petroliere Imperiale Ltee COMMON 453038408 143570 2819095 SH SOLE NONE X 0 0 Computer Sciences Corp COMMON 205363104 526 10800 SH SOLE NONE X 0 0 Compuware Corp COMMON 205638109 122 10600 SH SOLE NONE X 0 0 ConAgra Foods Inc COMMON 205887102 2988 125800 SH SOLE NONE X 0 0 ConocoPhillips COMMON 20825C104 21938 274700 SH SOLE NONE X 0 0 Consol Energy Inc COMMON 20854P109 8901 165965 SH SOLE NONE X 0 0 Consolidated Edison Inc COMMON 209115104 4220 83200 SH SOLE NONE X 0 0 Constellation Energy Group Inc COMMON 210371100 1233 39600 SH SOLE NONE X 0 0 Cooper Industries PLC COMMON G24140108 6853 105600 SH SOLE NONE X 0 0 Corning Inc COMMON 219350105 11066 536400 SH SOLE NONE X 0 0 Corporation financiere Manuvie COMMON 56501R106 96788 5480215 SH SOLE NONE X 0 0 Costco Wholesale Corp COMMON 22160K105 9092 124000 SH SOLE NONE X 0 0 Coventry Health Care Inc COMMON 222862104 258 8100 SH SOLE NONE X 0 0 Covidien Plc COMMON G2554F113 14912 287100 SH SOLE NONE X 0 0 CR Bard Inc COMMON 067383109 1212 12200 SH SOLE NONE X 0 0 Credicorp Ltd COMMON G2519Y108 12452 118672 SH SOLE NONE X 0 0 Crown Castle International Corp COMMON 228227104 1945 45700 SH SOLE NONE X 0 0 Crown Holdings Inc COMMON 228368106 841 21800 SH SOLE NONE X 0 0 CSX Corp COMMON 126408103 2908 37000 SH SOLE NONE X 0 0 Cummins Inc COMMON 231021106 9241 84300 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- CVS Caremark Corp COMMON 126650100 19209 559700 SH SOLE NONE X 0 0 Danaher Corp COMMON 235851102 14454 278500 SH SOLE NONE X 0 0 Darden Restaurants Inc COMMON 237194105 4540 92400 SH SOLE NONE X 0 0 DaVita Inc COMMON 23918K108 8089 94599 SH SOLE NONE X 0 0 Deere & Co COMMON 244199105 8846 91300 SH SOLE NONE X 0 0 Dell Inc COMMON 24702R101 3796 261600 SH SOLE NONE X 0 0 Delta Air Lines Inc COMMON 247361702 305 31100 SH SOLE NONE X 0 0 DemandTec Inc COMMON 24802R506 2303 175000 SH SOLE NONE X 0 0 Denbury Resources Inc COMMON 247916208 1088 44595 SH SOLE NONE X 0 0 Deutsche Bank AG COMMON D18190898 58485 993432 SH SOLE NONE X 0 0 Developers Diversified Realty Corp NOTE 251591AS2 11989 12000000 PRN SOLE NONE X 0 0 Devon Energy Corp COMMON 25179M103 23952 261000 SH SOLE NONE X 0 0 DeVry Inc COMMON 251893103 710 12900 SH SOLE NONE X 0 0 Dick's Sporting Goods Inc COMMON 253393102 2259 56498 SH SOLE NONE X 0 0 DIRECTV COMMON 25490A101 11087 236900 SH SOLE NONE X 0 0 Discover Financial Services COMMON 254709108 1517 62900 SH SOLE NONE X 0 0 Discovery Communications Inc COMMON 25470F104 1402 35139 SH SOLE NONE X 0 0 Discovery Communications Inc COMMON 25470F302 778 22100 SH SOLE NONE X 0 0 DISH Network Corp COMMON 25470M109 1186 48700 SH SOLE NONE X 0 0 Dollar General Corp COMMON 256677105 3269 104286 SH SOLE NONE X 0 0 Dollar Tree Inc COMMON 256746108 1094 19700 SH SOLE NONE X 0 0 Dominion Resources Inc/VA COMMON 25746U109 729 16300 SH SOLE NONE X 0 0 Domtar Corp COMMON 257559203 131086 1432744 SH SOLE NONE X 0 0 Dover Corp COMMON 260003108 7777 118300 SH SOLE NONE X 0 0 Dow Chemical Co/The COMMON 260543103 11680 309400 SH SOLE NONE X 0 0 DR Horton Inc COMMON 23331A109 683 58600 SH SOLE NONE X 0 0 Dr Pepper Snapple Group Inc COMMON 26138E109 1728 46500 SH SOLE NONE X 0 0 Dresser-Rand Group Inc COMMON 261608103 8043 150000 SH SOLE NONE X 0 0 DST Systems Inc NOTE 233326AE7 2420 2000000 PRN SOLE NONE X 0 0 DTE Energy Co COMMON 233331107 1699 34700 SH SOLE NONE X 0 0 Duke Energy Corp COMMON 26441C105 5075 279600 SH SOLE NONE X 0 0 Dun & Bradstreet Corp COMMON 26483E100 818 10200 SH SOLE NONE X 0 0 E*Trade Financial Corp COMMON 269246401 168 10726 SH SOLE NONE X 0 0 Eastman Chemical Co COMMON 277432100 1321 13300 SH SOLE NONE X 0 0 Eaton Corp COMMON 278058102 14010 252700 SH SOLE NONE X 0 0 eBay Inc COMMON 278642103 5463 176000 SH SOLE NONE X 0 0 Ecolab Inc COMMON 278865100 3158 61900 SH SOLE NONE X 0 0 Edison International COMMON 281020107 3275 89500 SH SOLE NONE X 0 0 EI Du Pont de Nemours & Co COMMON 263534109 13391 243600 SH SOLE NONE X 0 0 El Paso Corp COMMON 28336L109 11358 631000 SH SOLE NONE X 0 0 Elbit Systems Ltd COMMON M3760D101 1513 27110 SH SOLE NONE X 0 0 Eldorado Gold Corp COMMON 284902103 161487 9935902 SH SOLE NONE X 0 0 Electronic Arts Inc COMMON 285512109 459 23500 SH SOLE NONE X 0 0 EMBRAER SA ADR 29082A107 6740 200000 SH SOLE NONE X 0 0 EMC Corp/Massachusetts COMMON 268648102 5629 212000 SH SOLE NONE X 0 0 EMC Corp/Massachusetts LISTED OPTION 268648102 58 1500 SH PUT SOLE NONE X 0 0 EMC Corp/Massachusetts NOTE 268648AK8 87295 52400000 PRN SOLE NONE X 0 0 Emdeon Inc COMMON 29084T104 2497 155000 SH SOLE NONE X 0 0 Emerson Electric Co COMMON 291011104 5592 95700 SH SOLE NONE X 0 0 Enbridge Energy Partners LP LIMITED 29250R106 602721 9327152 SH SOLE NONE X 0 0 PARTNERSHIP Enbridge Inc. COMMON 29250N105 2126069 34700000 SH SOLE NONE X 0 0 Endo Pharmaceuticals Holdings Inc NOTE 29264FAB2 10613 7500000 PRN SOLE NONE X 0 0 Energen Corp COMMON 29265N108 6987 110700 SH SOLE NONE X 0 0 Energizer Holdings Inc COMMON 29266R108 747 10500 SH SOLE NONE X 0 0 Enersis SA ADR 29274F104 2876 138140 SH SOLE NONE X 0 0 Entergy Corp COMMON 29364G103 3481 51800 SH SOLE NONE X 0 0 Entree Gold Inc COMMON 29383G100 35597 11428100 SH SOLE NONE X 0 0 EQT Corp COMMON 26884L109 824 16518 SH SOLE NONE X 0 0 Equifax Inc COMMON 294429105 983 25300 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Equity Residential REIT 29476L107 1873 33200 SH SOLE NONE X 0 0 Estee Lauder Cos Inc, The COMMON 518439104 2255 23400 SH SOLE NONE X 0 0 Exelon Corp COMMON 30161N101 4924 119400 SH SOLE NONE X 0 0 Expedia Inc COMMON 30212P105 934 41200 SH SOLE NONE X 0 0 Expeditors International of Washington COMMON 302130109 2191 43700 SH SOLE NONE X 0 0 Express Scripts Inc COMMON 302182100 3848 69200 SH SOLE NONE X 0 0 Exxon Mobil Corp COMMON 30231G102 82648 982387 SH SOLE NONE X 0 0 F5 Networks Inc COMMON 315616102 579 5644 SH SOLE NONE X 0 0 Family Dollar Stores Inc COMMON 307000109 1278 24900 SH SOLE NONE X 0 0 FedEx Corp COMMON 31428X106 17438 186400 SH SOLE NONE X 0 0 Fidelity National Information Services COMMON 31620M106 1281 39200 SH SOLE NONE X 0 0 Fifth Third Bancorp COMMON 316773100 2103 151500 SH SOLE NONE X 0 0 Finish Line Inc/The COMMON 317923100 5273 265642 SH SOLE NONE X 0 0 Finish Line Inc/The LISTED OPTION 317923100 -25 -350 SH PUT SOLE NONE X 0 0 First Horizon National Corp COMMON 320517105 143 12778 SH SOLE NONE X 0 0 First Solar Inc COMMON 336433107 1351 8400 SH SOLE NONE X 0 0 FirstEnergy Corp COMMON 337932107 4441 119746 SH SOLE NONE X 0 0 Fiserv Inc COMMON 337738108 652 10400 SH SOLE NONE X 0 0 Flextronics International Ltd COMMON Y2573F102 126 16900 SH SOLE NONE X 0 0 Flir Systems Inc COMMON 302445101 391 11300 SH SOLE NONE X 0 0 Flowserve Corp COMMON 34354P105 1481 11500 SH SOLE NONE X 0 0 Fluor Corp COMMON 343412102 2696 36600 SH SOLE NONE X 0 0 FMC Corp COMMON 302491303 1096 12900 SH SOLE NONE X 0 0 Ford Motor Company COMMON 345370860 13595 911800 SH SOLE NONE X 0 0 Forest Laboratories Inc COMMON 345838106 1250 38700 SH SOLE NONE X 0 0 Formfactor Inc COMMON 346375108 5150 500000 SH SOLE NONE X 0 0 Formfactor Inc LISTED OPTION 346375108 5 2000 SH PUT SOLE NONE X 0 0 Formfactor Inc LISTED OPTION 346375108 -86 -1500 SH CALL SOLE NONE X 0 0 Fortune Brands Inc COMMON 349631101 1943 31400 SH SOLE NONE X 0 0 Foster Wheeler AG COMMON H27178104 726 19300 SH SOLE NONE X 0 0 Franklin Resources Inc COMMON 354613101 2189 17500 SH SOLE NONE X 0 0 Fresh Market Inc COMMON 35804H106 3054 80920 SH SOLE NONE X 0 0 Frontier Communications Corp COMMON 35906A108 1679 204285 SH SOLE NONE X 0 0 Frontier Oil Corp COMMON 35914P105 8210 280000 SH SOLE NONE X 0 0 GameStop Corp COMMON 36467W109 4730 210052 SH SOLE NONE X 0 0 Gannett Co Inc COMMON 364730101 177 11600 SH SOLE NONE X 0 0 Gap Inc/The COMMON 364760108 2814 124200 SH SOLE NONE X 0 0 Garmin Ltd COMMON H2906T109 616 18200 SH SOLE NONE X 0 0 General Dynamics Corp COMMON 369550108 7235 94500 SH SOLE NONE X 0 0 General Electric Co COMMON 369604103 52732 2630000 SH SOLE NONE X 0 0 General Mills Inc COMMON 370334104 8706 238200 SH SOLE NONE X 0 0 General Mills Inc LISTED OPTION 370334104 -38 -550 SH CALL SOLE NONE X 0 0 General Motors Co COMMON 37045V100 13808 445000 SH SOLE NONE X 0 0 Genuine Parts Co COMMON 372460105 1738 32400 SH SOLE NONE X 0 0 Genworth Financial, Inc. COMMON 37247D106 227 16900 SH SOLE NONE X 0 0 Genzyme Corp COMMON 372917104 2673 35100 SH SOLE NONE X 0 0 Gilead Sciences Inc COMMON 375558103 11000 259200 SH SOLE NONE X 0 0 Goldcorp Inc COMMON 380956409 590750 11887723 SH SOLE NONE X 0 0 Goodrich Petroleum Corp COMMON 382410405 4444 200000 SH SOLE NONE X 0 0 Goodyear Tire & Rubber Company COMMON 382550101 719 48000 SH SOLE NONE X 0 0 Google Inc COMMON 38259P508 35583 60700 SH SOLE NONE X 0 0 Gordmans Stores Inc COMMON 38269P100 443 25000 SH SOLE NONE X 0 0 Groupe CGI inc. COMMON 39945C109 291589 13951952 SH SOLE NONE X 0 0 Gulfport Energy Corp COMMON 402635304 10241 283301 SH SOLE NONE X 0 0 H&R Block Inc COMMON 093671105 1060 63300 SH SOLE NONE X 0 0 Hain Celestial Group Inc/The COMMON 405217100 5810 180000 SH SOLE NONE X 0 0 Halliburton Co COMMON 406216101 8877 178100 SH SOLE NONE X 0 0 Hansen Natural Corp COMMON 411310105 5535 91900 SH SOLE NONE X 0 0 Harley-Davidson Inc COMMON 412822108 2864 67400 SH SOLE NONE X 0 0 Harris Corp COMMON 413875105 451 9100 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Hartford Financial Services Group Inc COMMON 416515104 424 15741 SH SOLE NONE X 0 0 HCA Holdings Inc COMMON 40412C101 16935 500000 SH SOLE NONE X 0 0 HCP Inc REIT 40414L109 527 13900 SH SOLE NONE X 0 0 Health Care REIT Inc REIT 42217K106 325 6200 SH SOLE NONE X 0 0 Helmerich & Payne Inc COMMON 423452101 837 12179 SH SOLE NONE X 0 0 Hershey Co/The COMMON 427866108 2457 45200 SH SOLE NONE X 0 0 Hertz Global Holdings Inc NOTE 42805TAA3 15225 7500000 PRN SOLE NONE X 0 0 Hess Corp COMMON 42809H107 5053 59300 SH SOLE NONE X 0 0 Hewlett-Packard Co COMMON 428236103 13860 338300 SH SOLE NONE X 0 0 Hilltop Holdings Inc COMMON 432748101 402 40000 SH SOLE NONE X 0 0 HJ Heinz Co COMMON 423074103 16355 335000 SH SOLE NONE X 0 0 HJ Heinz Co LISTED OPTION 423074103 -20 -500 SH CALL SOLE NONE X 0 0 Home Depot Inc COMMON 437076102 17629 475700 SH SOLE NONE X 0 0 Honeywell International Inc COMMON 438516106 12796 214300 SH SOLE NONE X 0 0 Horace Mann Educators Corp COMMON 440327104 1042 62000 SH SOLE NONE X 0 0 Hormel Foods Corp COMMON 440452100 830 29800 SH SOLE NONE X 0 0 Hospira Inc COMMON 441060100 11542 209100 SH SOLE NONE X 0 0 Host Hotels & Resorts Inc REIT 44107P104 416 23600 SH SOLE NONE X 0 0 Humana Inc COMMON 444859102 643 9200 SH SOLE NONE X 0 0 Huntington Bancshares Inc/OH COMMON 446150104 1605 241700 SH SOLE NONE X 0 0 Hyperdynamics Corp COMMON 448954107 2772 600000 SH SOLE NONE X 0 0 IDEX Corp COMMON 45167R104 10040 230000 SH SOLE NONE X 0 0 IHS Inc COMMON 451734107 586 6600 SH SOLE NONE X 0 0 Illinois Tool Works Inc COMMON 452308109 9911 184500 SH SOLE NONE X 0 0 Imris Inc COMMON 45322N105 29707 4093100 SH SOLE NONE X 0 0 Infinity Property & Casualty Corp COMMON 45665Q103 3805 63960 SH SOLE NONE X 0 0 Ingersoll-Rand Plc COMMON G47791101 9807 203000 SH SOLE NONE X 0 0 Integrys Energy Group Inc COMMON 45822P105 808 16000 SH SOLE NONE X 0 0 Intel Corp COMMON 458140100 16923 839000 SH SOLE NONE X 0 0 IntercontinentalExchange Inc COMMON 45865V100 2804 22700 SH SOLE NONE X 0 0 International Business Machines Corp COMMON 459200101 18231 111800 SH SOLE NONE X 0 0 International Business Machines Corp LISTED OPTION 459200101 21 1000 SH CALL SOLE NONE X 0 0 International Coal Group Inc COMMON 45928H106 5650 500000 SH SOLE NONE X 0 0 International Flavors & Fragrances Inc COMMON 459506101 1857 29800 SH SOLE NONE X 0 0 International Flavors & Fragrances Inc LISTED OPTION 459506101 -3 -150 SH PUT SOLE NONE X 0 0 International Game Technology COMMON 459902102 995 61300 SH SOLE NONE X 0 0 International Paper Co COMMON 460146103 3374 111800 SH SOLE NONE X 0 0 InterOil Corp COMMON 460951106 11942 160000 SH SOLE NONE X 0 0 Iron Mountain Inc COMMON 462846106 1187 38000 SH SOLE NONE X 0 0 iShares Dow Jones US Financial Services ETF 464287770 250 4270 SH SOLE NONE X 0 0 iShares MSCI Brazil Index Fund ETF 464286400 1240 16000 SH SOLE NONE X 0 0 iShares S&P Global Financials Sector In ETF 464287333 1790 37100 SH SOLE NONE X 0 0 iShares S&P Global Healthcare Sector In ETF 464287325 498 9200 SH SOLE NONE X 0 0 iShares S&P Global Technology Sector In ETF 464287291 294 4700 SH SOLE NONE X 0 0 iShares S&P MidCap 400 Index Fund ETF 464287507 1138 11530 SH SOLE NONE X 0 0 Ivanhoe Energy Inc COMMON 465790103 54566 19442822 SH SOLE NONE X 0 0 Ivanhoe Mines Ltd. COMMON 46579N103 888079 32488849 SH SOLE NONE X 0 0 Jacobs Engineering Group Inc COMMON 469814107 1332 25900 SH SOLE NONE X 0 0 JB Hunt Transport Services Inc COMMON 445658107 659 14500 SH SOLE NONE X 0 0 JDS Uniphase Corp COMMON 46612J507 225 10800 SH SOLE NONE X 0 0 JetBlue Airways Corp COMMON 477143101 4389 700000 SH SOLE NONE X 0 0 JM Smucker Co/The COMMON 832696405 1749 24500 SH SOLE NONE X 0 0 Johnson & Johnson COMMON 478160104 17876 301700 SH SOLE NONE X 0 0 Johnson Controls Inc COMMON 478366107 8035 193300 SH SOLE NONE X 0 0 Joy Global Inc COMMON 481165108 2115 21400 SH SOLE NONE X 0 0 JPMorgan Chase & Co COMMON 46625H100 27158 589100 SH SOLE NONE X 0 0 KBR Inc COMMON 48242W106 895 23700 SH SOLE NONE X 0 0 Keycorp COMMON 493267108 290 32700 SH SOLE NONE X 0 0 Kimco Realty Corp REIT 49446R109 257 14000 SH SOLE NONE X 0 0 Kinder Morgan Inc/Delaware COMMON 49456B101 27293 920827 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Kinetic Concepts Inc COMMON 49460W208 1633 30000 SH SOLE NONE X 0 0 Kinross Gold Corp COMMON 496902404 287462 18300331 SH SOLE NONE X 0 0 Kla-Tencor Corp COMMON 482480100 554 11700 SH SOLE NONE X 0 0 Kohl's Corp COMMON 500255104 4439 83700 SH SOLE NONE X 0 0 Kraft Foods Inc COMMON 50075N104 4716 150382 SH SOLE NONE X 0 0 Kroger Co/The COMMON 501044101 4195 175000 SH SOLE NONE X 0 0 Las Vegas Sands Corp COMMON 517834107 3441 81500 SH SOLE NONE X 0 0 Le Gaga Holdings Ltd ADR 521168104 1675 183313 SH SOLE NONE X 0 0 Leggett & Platt Inc COMMON 524660107 740 30200 SH SOLE NONE X 0 0 Leucadia National Corp COMMON 527288104 263 7000 SH SOLE NONE X 0 0 Liberty Global Inc COMMON 530555101 770 18600 SH SOLE NONE X 0 0 Liberty Global Inc COMMON 530555309 688 17200 SH SOLE NONE X 0 0 Liberty Media Corp - Interactive UNITS 53071M104 1434 89400 SH SOLE NONE X 0 0 Life Technologies Corp COMMON 53217V109 10411 198600 SH SOLE NONE X 0 0 Limelight Networks Inc COMMON 53261M104 5189 724765 SH SOLE NONE X 0 0 Lincoln National Corp COMMON 534187109 327 10900 SH SOLE NONE X 0 0 Linear Technology Corp COMMON 535678106 538 16000 SH SOLE NONE X 0 0 Logitech International SA COMMON H50430232 3355 185547 SH SOLE NONE X 0 0 Longtop Financial Technologies Ltd ADR 54318P108 5027 160000 SH SOLE NONE X 0 0 Lorillard Inc COMMON 544147101 4047 42600 SH SOLE NONE X 0 0 Lowe's Cos Inc COMMON 548661107 10448 395300 SH SOLE NONE X 0 0 LSI Corp COMMON 502161102 295 43400 SH SOLE NONE X 0 0 Ltd Brands Inc COMMON 532716107 1851 56300 SH SOLE NONE X 0 0 Lubrizol Corp COMMON 549271104 1206 9000 SH SOLE NONE X 0 0 Lufkin Industries Inc COMMON 549764108 4132 44204 SH SOLE NONE X 0 0 M&T Bank Corp COMMON 55261F104 1013 11445 SH SOLE NONE X 0 0 Macy's Inc COMMON 55616P104 4658 192000 SH SOLE NONE X 0 0 ManpowerGroup COMMON 56418H100 807 12830 SH SOLE NONE X 0 0 Marathon Oil Corp COMMON 565849106 17192 322500 SH SOLE NONE X 0 0 Marriott International Inc, DE COMMON 571903202 2967 83400 SH SOLE NONE X 0 0 Marsh & McLennan Cos Inc COMMON 571748102 1869 62700 SH SOLE NONE X 0 0 Marshall & Ilsley Corp COMMON 571837103 149 18600 SH SOLE NONE X 0 0 Martin Marietta Materials Inc COMMON 573284106 556 6200 SH SOLE NONE X 0 0 Marvell Technology Group Ltd COMMON G5876H105 9596 617100 SH SOLE NONE X 0 0 Marvell Technology Group Ltd LISTED OPTION G5876H### -## -#### SH CALL SOLE NONE X 0 0 Marvell Technology Group Ltd LISTED OPTION G5876H105 83 1250 SH PUT SOLE NONE X 0 0 Masco Corp COMMON 574599106 1027 73800 SH SOLE NONE X 0 0 Mastercard Inc COMMON 57636Q104 9235 36689 SH SOLE NONE X 0 0 Mattel Inc COMMON 577081102 3074 123300 SH SOLE NONE X 0 0 Mattel Inc LISTED OPTION 577081102 -11 -300 SH PUT SOLE NONE X 0 0 MaxLinear Inc COMMON 57776J100 4698 575000 SH SOLE NONE X 0 0 McCormick & Co Inc/MD COMMON 579780206 1210 25300 SH SOLE NONE X 0 0 McDonald's Corp COMMON 580135101 22979 302000 SH SOLE NONE X 0 0 McGraw-Hill Cos Inc/The COMMON 580645109 3459 87800 SH SOLE NONE X 0 0 McKesson Corp COMMON 58155Q103 13778 174300 SH SOLE NONE X 0 0 MDU Resources Group Inc COMMON 552690109 645 28100 SH SOLE NONE X 0 0 Mead Johnson Nutrition Co COMMON 582839106 16921 292100 SH SOLE NONE X 0 0 Mead Johnson Nutrition Co LISTED OPTION 582839106 -12 -500 SH CALL SOLE NONE X 0 0 MeadWestvaco Corp COMMON 583334107 943 31100 SH SOLE NONE X 0 0 Mechel ADR 583840103 7854 255092 SH SOLE NONE X 0 0 Medco Health Solutions Inc COMMON 58405U102 3184 56700 SH SOLE NONE X 0 0 Medtronic Inc COMMON 585055106 5741 145900 SH SOLE NONE X 0 0 Medtronic Inc NOTE 585055AL0 28697 28500000 PRN SOLE NONE X 0 0 Medtronic Inc NOTE 585055AM8 34630 33500000 PRN SOLE NONE X 0 0 MEMC Electronic Materials Inc COMMON 552715104 207 16000 SH SOLE NONE X 0 0 Merck & Co Inc COMMON 58933Y105 13792 417800 SH SOLE NONE X 0 0 Mercury General Corp COMMON 589400100 3682 94100 SH SOLE NONE X 0 0 Meritor Inc NOTE 043353AF8 4531 4000000 PRN SOLE NONE X 0 0 MetLife, Inc. COMMON 59156R108 5435 121500 SH SOLE NONE X 0 0 MetroPCS Communications Inc COMMON 591708102 841 51800 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- MFA Financial Inc REIT 55272X102 2542 310000 SH SOLE NONE X 0 0 MGM Resorts International COMMON 552953101 698 53100 SH SOLE NONE X 0 0 Microchip Technology Inc COMMON 595017104 498 13100 SH SOLE NONE X 0 0 Micron Technology Inc COMMON 595112103 700 61100 SH SOLE NONE X 0 0 Microsoft Corp COMMON 594918104 37391 1474400 SH SOLE NONE X 0 0 Mines Agnico-Eagle Limitee COMMON 008474108 225970 3410580 SH SOLE NONE X 0 0 Mobile Telesystems OJSC ADR 607409109 19191 903935 SH SOLE NONE X 0 0 Mohawk Industries Inc COMMON 608190104 563 9200 SH SOLE NONE X 0 0 Molex Inc COMMON 608554200 20036 968394 SH SOLE NONE X 0 0 Molson Coors Brewing Co COMMON 60871R209 1561 33300 SH SOLE NONE X 0 0 Monsanto Co COMMON 61166W101 10326 142900 SH SOLE NONE X 0 0 Morgan Stanley COMMON 617446448 3027 110800 SH SOLE NONE X 0 0 Mosaic Co/The COMMON 61945A107 2677 34000 SH SOLE NONE X 0 0 Motorola Mobility Holdings Inc COMMON 620097105 496 20324 SH SOLE NONE X 0 0 Motorola Solutions Inc COMMON 620076307 2196 49128 SH SOLE NONE X 0 0 Motricity Inc COMMON 620107102 5260 350000 SH SOLE NONE X 0 0 Motricity Inc LISTED OPTION 620107102 -229 -1500 SH CALL SOLE NONE X 0 0 Murphy Oil Corp COMMON 626717102 2665 36300 SH SOLE NONE X 0 0 Mylan Inc/PA COMMON 628530107 540 23800 SH SOLE NONE X 0 0 Nabors Industries Ltd COMMON G6359F103 4639 152700 SH SOLE NONE X 0 0 Nabors Industries Ltd NOTE 629568AP1 150703 151300000 PRN SOLE NONE X 0 0 National Oilwell Varco Inc COMMON 637071101 18406 232200 SH SOLE NONE X 0 0 National Semiconductor Corp COMMON 637640103 241 16800 SH SOLE NONE X 0 0 Navistar International Corp COMMON 63934E108 5546 80000 SH SOLE NONE X 0 0 NetApp Inc COMMON 64110D104 2626 54500 SH SOLE NONE X 0 0 NetApp Inc NOTE 64110DAB0 8751 5500000 PRN SOLE NONE X 0 0 Newell Rubbermaid Inc COMMON 651229106 5697 297800 SH SOLE NONE X 0 0 Newfield Exploration Co COMMON 651290108 1163 15300 SH SOLE NONE X 0 0 Newmont Mining Corp COMMON 651639106 7166 131300 SH SOLE NONE X 0 0 News Corporation COMMON 65248E104 9574 545200 SH SOLE NONE X 0 0 News Corporation COMMON 65248E203 1948 104600 SH SOLE NONE X 0 0 Nexen Inc COMMON 65334H102 229874 9251547 SH SOLE NONE X 0 0 NextEra Energy Inc COMMON 65339F101 6306 114400 SH SOLE NONE X 0 0 NII Holdings Inc COMMON 62913F201 1108 26600 SH SOLE NONE X 0 0 Nike Inc COMMON 654106103 8039 106200 SH SOLE NONE X 0 0 NiSource Inc COMMON 65473P105 3974 207200 SH SOLE NONE X 0 0 Noble Corp COMMON H5833N103 2254 49400 SH SOLE NONE X 0 0 Noble Energy Inc COMMON 655044105 3315 34300 SH SOLE NONE X 0 0 Nordstrom Inc COMMON 655664100 1598 35600 SH SOLE NONE X 0 0 Norfolk Southern Corp COMMON 655844108 2334 33700 SH SOLE NONE X 0 0 Northeast Utilities COMMON 664397106 1253 36200 SH SOLE NONE X 0 0 Northrop Grumman Corp COMMON 666807102 5023 80100 SH SOLE NONE X 0 0 Novell Inc COMMON 670006105 101 17000 SH SOLE NONE X 0 0 Novell Inc LISTED OPTION 670006105 0 4 SH CALL SOLE NONE X 0 0 NRG Energy Inc COMMON 629377508 1096 50880 SH SOLE NONE X 0 0 NSTAR COMMON 67019E107 754 16300 SH SOLE NONE X 0 0 Nucor Corp COMMON 670346105 3870 84100 SH SOLE NONE X 0 0 Nvidia Corp COMMON 67066G104 751 40700 SH SOLE NONE X 0 0 NXP Semiconductor NV COMMON N6596X109 7950 265000 SH SOLE NONE X 0 0 NXP Semiconductor NV LISTED OPTION N6596X109 -118 -1000 SH CALL SOLE NONE X 0 0 NYSE Euronext COMMON 629491101 1055 30000 SH SOLE NONE X 0 0 Occidental Petroleum Corp COMMON 674599105 4065 38900 SH SOLE NONE X 0 0 Omnicare Inc NOTE 681904AN8 6523 5000000 PRN SOLE NONE X 0 0 Omnicom Group Inc COMMON 681919106 4190 85400 SH SOLE NONE X 0 0 Oneok Inc COMMON 682680103 1409 21075 SH SOLE NONE X 0 0 Open Text Corp COMMON 683715106 11918 192452 SH SOLE NONE X 0 0 Oracle Corp COMMON 68389X105 28088 841700 SH SOLE NONE X 0 0 Oracle Corp LISTED OPTION 68389X105 29 1 SH PUT SOLE NONE X 0 0 O'Reilly Automotive Inc COMMON 67103H107 1649 28700 SH SOLE NONE X 0 0 Owens-Illinois Inc COMMON 690768403 918 30400 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Paccar Inc COMMON 693718108 5015 95800 SH SOLE NONE X 0 0 Pall Corp COMMON 696429307 1365 23700 SH SOLE NONE X 0 0 PAN American Silver Corp COMMON 697900108 818 22100 SH SOLE NONE X 0 0 Parker Hannifin Corp COMMON 701094104 3143 33200 SH SOLE NONE X 0 0 PartnerRe Ltd COMMON G6852T105 60576 764465 SH SOLE NONE X 0 0 Peabody Energy Corp COMMON 704549104 928 12900 SH SOLE NONE X 0 0 Peet's Coffee & Tea Inc COMMON 705560100 803 16704 SH SOLE NONE X 0 0 Pengrowth Energy Corp COMMON 70706P104 662 48029 SH SOLE NONE X 0 0 Pentair Inc COMMON 709631105 586 15500 SH SOLE NONE X 0 0 People's United Financial Inc COMMON 712704105 157 12450 SH SOLE NONE X 0 0 Pepco Holdings Inc COMMON 713291102 862 46200 SH SOLE NONE X 0 0 PepsiCo Inc/NC COMMON 713448108 16103 250013 SH SOLE NONE X 0 0 PetroHawk Energy Corp COMMON 716495106 493 20100 SH SOLE NONE X 0 0 PetSmart Inc COMMON 716768106 9231 225417 SH SOLE NONE X 0 0 Pfizer Inc COMMON 717081103 31545 1553164 SH SOLE NONE X 0 0 PG&E Corp COMMON 69331C108 7179 162500 SH SOLE NONE X 0 0 Pharmasset Inc COMMON 71715N106 5510 70000 SH SOLE NONE X 0 0 PHH Corp NOTE 693320AN3 33566 30000000 PRN SOLE NONE X 0 0 Philip Morris International Inc COMMON 718172109 34049 518800 SH SOLE NONE X 0 0 Pinnacle West Capital Corp COMMON 723484101 958 22400 SH SOLE NONE X 0 0 Pioneer Natural Resources Co COMMON 723787107 6452 63300 SH SOLE NONE X 0 0 Pitney Bowes Inc COMMON 724479100 1076 41900 SH SOLE NONE X 0 0 Plains Exploration & Production Co COMMON 726505100 341 9400 SH SOLE NONE X 0 0 Plum Creek Timber Co Inc REIT 729251108 244 5600 SH SOLE NONE X 0 0 PLX Technology Inc COMMON 693417107 56 15359 SH SOLE NONE X 0 0 PMC - Sierra Inc COMMON 69344F106 4875 650000 SH SOLE NONE X 0 0 PNC Financial Services Group Inc COMMON 693475105 5706 90585 SH SOLE NONE X 0 0 Polo Ralph Lauren Corp COMMON 731572103 1649 13336 SH SOLE NONE X 0 0 Potash Corp of Saskatchewan Inc COMMON 73755L107 574895 9778443 SH SOLE NONE X 0 0 PPG Industries Inc COMMON 693506107 2866 30100 SH SOLE NONE X 0 0 Praxair Inc COMMON 74005P104 8270 81400 SH SOLE NONE X 0 0 Precision Castparts Corp COMMON 740189105 14850 100900 SH SOLE NONE X 0 0 priceline.com Inc COMMON 741503403 3849 7600 SH SOLE NONE X 0 0 Pride International Inc COMMON 74153Q102 503 11700 SH SOLE NONE X 0 0 Principal Financial Group Inc COMMON 74251V102 353 11000 SH SOLE NONE X 0 0 ProAssurance Corp COMMON 74267C106 5053 79740 SH SOLE NONE X 0 0 Procter & Gamble Co/The COMMON 742718109 43231 701800 SH SOLE NONE X 0 0 Progress Energy Inc COMMON 743263105 3871 83900 SH SOLE NONE X 0 0 Progressive Corp/The COMMON 743315103 4524 214100 SH SOLE NONE X 0 0 ProLogis REIT 743410102 313 19600 SH SOLE NONE X 0 0 Protalix BioTherapeutics Inc COMMON 74365A101 1064 175000 SH SOLE NONE X 0 0 Prudential Financial Inc COMMON 744320102 3430 55700 SH SOLE NONE X 0 0 Public Service Enterprise Group Inc COMMON 744573106 2360 74900 SH SOLE NONE X 0 0 Public Storage REIT 74460D109 1830 16500 SH SOLE NONE X 0 0 Pulte Group Inc COMMON 745867101 520 70300 SH SOLE NONE X 0 0 QEP Resources Inc COMMON 74733V100 819 20200 SH SOLE NONE X 0 0 Qiagen NV COMMON N72482107 4687 234326 SH SOLE NONE X 0 0 Qualcomm Inc COMMON 747525103 13477 245800 SH SOLE NONE X 0 0 Quanta Services Inc COMMON 74762E102 978 43600 SH SOLE NONE X 0 0 Quest Diagnostics Inc/DE COMMON 74834L100 7025 121700 SH SOLE NONE X 0 0 Qwest Communications International Inc COMMON 749121109 2992 438000 SH SOLE NONE X 0 0 Ralcorp Holdings Inc COMMON 751028101 595 8700 SH SOLE NONE X 0 0 Range Resources Corp COMMON 75281A109 1082 18500 SH SOLE NONE X 0 0 RealD Inc COMMON 75604L105 5609 205000 SH SOLE NONE X 0 0 Red Hat Inc COMMON 756577102 613 13500 SH SOLE NONE X 0 0 Red Hat Inc LISTED OPTION 756577102 -107 -750 SH CALL SOLE NONE X 0 0 Regions Financial Corp COMMON 7591EP100 314 43200 SH SOLE NONE X 0 0 Republic Services Inc COMMON 760759100 3196 106400 SH SOLE NONE X 0 0 Research In Motion Ltd COMMON 760975102 280095 4969230 SH SOLE NONE X 0 0 Reynolds American Inc COMMON 761713106 3542 99700 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- RF Micro Devices Inc COMMON 749941100 4647 725000 SH SOLE NONE X 0 0 Ritchie Bros Auctioneers Inc COMMON 767744105 52566 1869600 SH SOLE NONE X 0 0 RITE AID CORP COMMON 767754104 652 615000 SH SOLE NONE X 0 0 Robert Half International Inc COMMON 770323103 890 29100 SH SOLE NONE X 0 0 Rockwell Automation Inc, DE COMMON 773903109 2764 29200 SH SOLE NONE X 0 0 Rogers Communications Inc COMMON 775109200 11082 305907 SH SOLE NONE X 0 0 Roper Industries Inc COMMON 776696106 11197 129500 SH SOLE NONE X 0 0 Ross Stores Inc COMMON 778296103 1764 24800 SH SOLE NONE X 0 0 Rowan Cos Inc COMMON 779382100 645 14600 SH SOLE NONE X 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 908 22000 SH SOLE NONE X 0 0 RR Donnelley & Sons Co COMMON 257867101 802 42400 SH SOLE NONE X 0 0 Ryanair Holdings plc ADR 783513104 2386 85816 SH SOLE NONE X 0 0 Salesforce.com Inc COMMON 79466L302 4381 32800 SH SOLE NONE X 0 0 Sally Beauty Holdings Inc COMMON 79546E104 3502 250000 SH SOLE NONE X 0 0 SanDisk Corp COMMON 80004C101 770 16700 SH SOLE NONE X 0 0 Sara Lee Corp COMMON 803111103 2937 166210 SH SOLE NONE X 0 0 SBA Communications Corp COMMON 78388J106 682 17200 SH SOLE NONE X 0 0 SBA Communications Corp NOTE 78388JAM8 17316 12000000 PRN SOLE NONE X 0 0 SCANA Corp COMMON 80589M102 965 24500 SH SOLE NONE X 0 0 Schlumberger Ltd COMMON 806857108 24862 266592 SH SOLE NONE X 0 0 Scripps Networks Interactive Inc COMMON 811065101 942 18800 SH SOLE NONE X 0 0 SeaDrill Ltd COMMON G7945E105 10683 295470 SH SOLE NONE X 0 0 Seagate Technology PLC COMMON G7945M107 151 10500 SH SOLE NONE X 0 0 Sealed Air Corp COMMON 81211K100 789 29600 SH SOLE NONE X 0 0 Sears Holdings Corp COMMON 812350106 1033 12500 SH SOLE NONE X 0 0 Select Medical Holdings Corp COMMON 81619Q105 1612 200000 SH SOLE NONE X 0 0 Sempra Energy COMMON 816851109 3526 65900 SH SOLE NONE X 0 0 Sherwin-Williams Co/The COMMON 824348106 1419 16900 SH SOLE NONE X 0 0 Shire PLC ADR 82481R106 3484 40000 SH SOLE NONE X 0 0 Shoe Carnival Inc COMMON 824889109 324 11534 SH SOLE NONE X 0 0 Sigma-Aldrich Corp COMMON 826552101 1438 22600 SH SOLE NONE X 0 0 Silver Wheaton Corp COMMON 828336107 225017 5196700 SH SOLE NONE X 0 0 Simon Property Group Inc REIT 828806109 3643 34000 SH SOLE NONE X 0 0 SLM Corporation COMMON 78442P106 286 18700 SH SOLE NONE X 0 0 Smithfield Foods Inc NOTE 832248AR9 2545 2000000 PRN SOLE NONE X 0 0 Societe Aurifere Barrick COMMON 067901108 70277 1356659 SH SOLE NONE X 0 0 Southern Co COMMON 842587107 9093 238600 SH SOLE NONE X 0 0 Southern Copper Corp COMMON 84265V105 14981 372023 SH SOLE NONE X 0 0 Southern Union Co COMMON 844030106 5724 200000 SH SOLE NONE X 0 0 Southwestern Energy Co COMMON 845467109 2913 67800 SH SOLE NONE X 0 0 Spectra Energy Corp COMMON 847560109 3446 126800 SH SOLE NONE X 0 0 Sprint Nextel Corp COMMON 852061100 3932 847400 SH SOLE NONE X 0 0 SPX Corp COMMON 784635104 619 7800 SH SOLE NONE X 0 0 St Jude Medical Inc COMMON 790849103 2337 45600 SH SOLE NONE X 0 0 Stanley Black & Decker Inc COMMON 854502101 3493 45597 SH SOLE NONE X 0 0 Stantec Inc COMMON 85472N109 67877 2275250 SH SOLE NONE X 0 0 Staples Inc COMMON 855030102 4018 206900 SH SOLE NONE X 0 0 Starbucks Corp COMMON 855244109 12312 333200 SH SOLE NONE X 0 0 Starwood Hotels & Resorts Worldwide Inc COMMON 85590A401 2284 39300 SH SOLE NONE X 0 0 Starwood Property Trust Inc REIT 85571B105 2230 100000 SH SOLE NONE X 0 0 State Street Corp COMMON 857477103 5523 122900 SH SOLE NONE X 0 0 STEC Inc COMMON 784774101 6027 300000 SH SOLE NONE X 0 0 STEC Inc LISTED OPTION 784774101 -97 -1000 SH CALL SOLE NONE X 0 0 Stericycle Inc COMMON 858912108 1490 16800 SH SOLE NONE X 0 0 Stryker Corp COMMON 863667101 14124 232300 SH SOLE NONE X 0 0 Suncor Energy Inc COMMON 867224107 734328 16428640 SH SOLE NONE X 0 0 SunTrust Banks Inc COMMON 867914103 1779 61700 SH SOLE NONE X 0 0 Symantec Corp COMMON 871503108 5684 306600 SH SOLE NONE X 0 0 Symantec Corp LISTED OPTION 871503108 199 2000 SH CALL SOLE NONE X 0 0 Symantec Corp LISTED OPTION 871503108 -38 -2000 SH PUT SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- T Rowe Price Group Inc COMMON 74144T108 1966 29600 SH SOLE NONE X 0 0 Talisman Energy Inc COMMON 87425E103 551098 22364637 SH SOLE NONE X 0 0 Target Corp COMMON 87612E106 9717 194300 SH SOLE NONE X 0 0 TD Ameritrade Holding Corp COMMON 87236Y108 7941 380500 SH SOLE NONE X 0 0 Teck Resources Ltd COMMON 878742204 179143 3390966 SH SOLE NONE X 0 0 TECO Energy Inc COMMON 872375100 2071 110400 SH SOLE NONE X 0 0 Telephone & Data Systems Inc COMMON 879433100 266 7900 SH SOLE NONE X 0 0 Tellabs Inc COMMON 879664100 92 17500 SH SOLE NONE X 0 0 Tenet Healthcare Corp COMMON 88033G100 174 23400 SH SOLE NONE X 0 0 Teradata Corp COMMON 88076W103 593 11700 SH SOLE NONE X 0 0 Texas Instruments Inc COMMON 882508104 6131 177400 SH SOLE NONE X 0 0 The Goldman Sachs Group, Inc. COMMON 38141G104 16275 102700 SH SOLE NONE X 0 0 The Interpublic Group of Companies Inc COMMON 460690100 1262 100400 SH SOLE NONE X 0 0 Thomson Reuters Corp COMMON 884903105 199513 5100557 SH SOLE NONE X 0 0 THQ Inc COMMON 872443403 4446 975000 SH SOLE NONE X 0 0 THQ Inc LISTED OPTION 872443403 -75 -2000 SH CALL SOLE NONE X 0 0 THQ Inc LISTED OPTION 872443403 130 4000 SH PUT SOLE NONE X 0 0 TIBCO Software Inc COMMON 88632Q103 3134 115000 SH SOLE NONE X 0 0 Tiffany & Co COMMON 886547108 1597 26000 SH SOLE NONE X 0 0 Time Warner Cable Inc COMMON 88732J207 7227 101300 SH SOLE NONE X 0 0 Time Warner Inc COMMON 887317303 11313 316900 SH SOLE NONE X 0 0 TJX Cos Inc COMMON 872540109 5634 113300 SH SOLE NONE X 0 0 Toll Brothers Inc COMMON 889478103 439 22200 SH SOLE NONE X 0 0 Tornier BV COMMON N87237108 929 50000 SH SOLE NONE X 0 0 Total System Services Inc COMMON 891906109 209 11600 SH SOLE NONE X 0 0 TransCanada Corp COMMON 89353D107 170790 4226308 SH SOLE NONE X 0 0 TransDigm Group Inc COMMON 893641100 8383 100000 SH SOLE NONE X 0 0 Transocean Ltd COMMON H8817H100 26851 340231 SH SOLE NONE X 0 0 Trina Solar Ltd NOTE 89628EAA2 3791 2000000 PRN SOLE NONE X 0 0 TRW Automotive Holdings Corp COMMON 87264S106 898 16296 SH SOLE NONE X 0 0 Tyco International Ltd COMMON H89128104 6241 139400 SH SOLE NONE X 0 0 Tyson Foods Inc COMMON 902494103 2390 124525 SH SOLE NONE X 0 0 UBS AG COMMON H89231338 69946 3882883 SH SOLE NONE X 0 0 Union Pacific Corp COMMON 907818108 8968 91200 SH SOLE NONE X 0 0 Union Pacific Corp LISTED OPTION 907818108 -47 -500 SH PUT SOLE NONE X 0 0 Union Pacific Corp LISTED OPTION 907818108 -45 -500 SH CALL SOLE NONE X 0 0 United Continental Holdings Inc COMMON 910047109 3735 162452 SH SOLE NONE X 0 0 United Continental Holdings Inc NOTE 902549AJ3 72642 25000000 PRN SOLE NONE X 0 0 United Parcel Service, Inc. COMMON 911312106 16447 221300 SH SOLE NONE X 0 0 United Rentals Inc COMMON 911363109 3994 120000 SH SOLE NONE X 0 0 United States Steel Corp COMMON 912909108 1440 26700 SH SOLE NONE X 0 0 United Technologies Corp COMMON 913017109 14678 173400 SH SOLE NONE X 0 0 UnitedHealth Group Inc COMMON 91324P102 6726 148800 SH SOLE NONE X 0 0 Unum Group COMMON 91529Y106 1591 60600 SH SOLE NONE X 0 0 Urban Outfitters Inc COMMON 917047102 803 26933 SH SOLE NONE X 0 0 URS Corp COMMON 903236107 599 13000 SH SOLE NONE X 0 0 US Bancorp COMMON 902973304 9153 346300 SH SOLE NONE X 0 0 Ventas Inc REIT 92276F100 310 5700 SH SOLE NONE X 0 0 Verint Systems Inc COMMON 92343X100 3763 105000 SH SOLE NONE X 0 0 VeriSign Inc COMMON 92343E102 438 12100 SH SOLE NONE X 0 0 Verisk Analytics Inc COMMON 92345Y106 3088 94266 SH SOLE NONE X 0 0 Verizon Communications Inc COMMON 92343V104 31206 809700 SH SOLE NONE X 0 0 Vetements de Sport Gildan Inc, Les COMMON 375916103 270487 8268902 SH SOLE NONE X 0 0 VF Corp COMMON 918204108 2453 24900 SH SOLE NONE X 0 0 Viacom, Inc. COMMON 92553P201 7504 161300 SH SOLE NONE X 0 0 Virgin Media Inc COMMON 92769L101 1337 48100 SH SOLE NONE X 0 0 Virgin Media Inc NOTE 92769LAB7 25792 15000000 PRN SOLE NONE X 0 0 Visa Inc COMMON 92826C839 5477 74400 SH SOLE NONE X 0 0 VMware Inc COMMON 928563402 620 7600 SH SOLE NONE X 0 0 Vornado Realty Trust REIT 929042109 1662 19000 SH SOLE NONE X 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------- ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Vulcan Materials Co COMMON 929160109 1085 23800 SH SOLE NONE X 0 0 Walgreen Co COMMON 931422109 10637 265000 SH SOLE NONE X 0 0 Wal-Mart Stores Inc COMMON 931142103 18020 346200 SH SOLE NONE X 0 0 Walt Disney Co/The COMMON 254687106 22411 520100 SH SOLE NONE X 0 0 Walter Investment Management Corp REIT 93317W102 1613 100000 SH SOLE NONE X 0 0 Warner Chilcott PLC COMMON G94368100 4679 201000 SH SOLE NONE X 0 0 Washington Post C/The COMMON 939640108 525 1200 SH SOLE NONE X 0 0 Waste Management Inc COMMON 94106L109 4877 130600 SH SOLE NONE X 0 0 Watson Pharmaceuticals Inc COMMON 942683103 383 6840 SH SOLE NONE X 0 0 WellPoint Inc COMMON 94973V107 3664 52500 SH SOLE NONE X 0 0 Wells Fargo & Co COMMON 949746101 23880 753300 SH SOLE NONE X 0 0 WESCO International Inc COMMON 95082P105 5000 80000 SH SOLE NONE X 0 0 Western Digital Corp COMMON 958102105 604 16200 SH SOLE NONE X 0 0 Western Union Co, The COMMON 959802109 2050 98700 SH SOLE NONE X 0 0 Weyerhaeuser Co REIT 962166104 1523 61898 SH SOLE NONE X 0 0 Whirlpool Corp COMMON 963320106 1340 15700 SH SOLE NONE X 0 0 Whole Foods Market Inc COMMON 966837106 1990 30200 SH SOLE NONE X 0 0 Williams Cos Inc/The COMMON 969457100 3570 114500 SH SOLE NONE X 0 0 Wimm-Bill-Dann Foods OJSC ADR 97263M109 3092 92372 SH SOLE NONE X 0 0 Windstream Corp COMMON 97381W104 1292 100353 SH SOLE NONE X 0 0 Wisconsin Energy Corp COMMON 976657106 62470 2048200 SH SOLE NONE X 0 0 Wyndham Worldwide Corp COMMON 98310W108 267 8400 SH SOLE NONE X 0 0 Wynn Resorts Ltd COMMON 983134107 2074 16300 SH SOLE NONE X 0 0 Xcel Energy Inc COMMON 98389B100 3177 133000 SH SOLE NONE X 0 0 Xerox Corp COMMON 984121103 2239 210272 SH SOLE NONE X 0 0 Xilinx Inc COMMON 983919101 604 18400 SH SOLE NONE X 0 0 XL Group Plc COMMON G98290102 256 10400 SH SOLE NONE X 0 0 Yahoo! Inc COMMON 984332106 8753 525700 SH SOLE NONE X 0 0 Yum! Brands Inc COMMON 988498101 6890 134100 SH SOLE NONE X 0 0 Zions Bancorporation COMMON 989701107 203 8811 SH SOLE NONE X 0 0 Zumiez Inc COMMON 989817101 2114 80000 SH SOLE NONE X 0 0 Zumiez Inc LISTED OPTION 989817101 -57 -300 SH CALL SOLE NONE X 0 0 Liberty Media Corp NOTE 530555AB7 75291 44000000 PRN SOLE NONE X 0 0 Liberty Media Corp NOTE 530715AN1 8736 15000000 PRN SOLE NONE X 0 0 Liberty Media Corp NOTE 530715AL5 13682 25000000 PRN SOLE NONE X 0 0 Liberty Media Corp NOTE 530715AG6 6184 10000000 PRN SOLE NONE X 0 0 TRANSOCEAN INC NOTE 893830AW9 33810 34000000 PRN SOLE NONE X 0 0