0001193125-11-309381.txt : 20111114 0001193125-11-309381.hdr.sgml : 20111111 20111114093854 ACCESSION NUMBER: 0001193125-11-309381 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hillsdale Investment Management Inc. CENTRAL INDEX KEY: 0001368465 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11957 FILM NUMBER: 111198328 BUSINESS ADDRESS: STREET 1: 100 WELLINGTON STREET WEST, SUITE 2100 STREET 2: CP TOWER, BOX 228 CITY: TORONTO STATE: A6 ZIP: M5K1J3 BUSINESS PHONE: 416-913-3900 MAIL ADDRESS: STREET 1: 100 WELLINGTON STREET WEST, SUITE 2100 STREET 2: CP TOWER, BOX 228 CITY: TORONTO STATE: A6 ZIP: M5K1J3 13F-HR 1 d255191d13fhr.txt FORM 13F COMBINATION REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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: Hillsdale Investment Management Inc. Address: 100 Wellington Street West, Suite 2100, TD Centre, P.O. Box 228, Toronto, Ontario, Canada, M5K 1J3 Form 13F File Number: 28-11957 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: Ian Pember Title: Senior Vice President, Administration and Compliance Phone: 416-913-3920 Signature, Place, and Date of Signing: I. Pember Toronto, Ontario, Canada November 10, 2011 -------------------------------- ------------------------ ------------------ Report Type* (Check only one.): [_] 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).) [X] 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).) ---------- * Reports Holdings for which confidential treatment is required. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 372 Form 13F Information Table Value Total: $240,071 (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. 1. Frank Russell Company. File number 028-01190 FORM 13F INFORMATION TABLE

VOTING AUTORITY TITLE OF VALUE / SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER CLASS CUSIP 1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- -------- --- ---- ------- -------- ------- ------ -------- 3D SYSTEMS ORD COM 88554D205 4 300 SH SOLE 300 99 CENTS STORES ORD COM 65440K106 6 300 SH SOLE 300 ABBOTT LABS ORD COM 002824100 583 11,400 SH SOLE 11,400 ACACIA RESEARCH ORD COM 003881307 4 120 SH SOLE 120 ACCENTURE PLC IRELAND COM G1151C101 869 16,500 SH SOLE 16,500 ACTIVISION BLIZZARD INC COM 00507V109 5 400 SH SOLE 400 ADVANCE AMERICA ORD COM 00739W107 559 76,000 SH SOLE 76,000 AEROPOSTALE ORD COM 007865108 535 49,500 SH SOLE 49,500 AETNA ORD COM 00817Y108 5 150 SH SOLE 150 AGCO ORD COM 001084102 5 150 SH SOLE 150 AGNICO EAGLE ORD COM 008474108 527 8,840 SH SOLE 8,340 500 AGRIUM ORD COM 008916108 1,356 20,430 SH SOLE 19,530 900 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 7 400 SH SOLE 400 ALON USA ENERGY ORD COM 020520102 3 500 SH SOLE 500 ALTERA ORD COM 021441100 6 200 SH SOLE 200 ALTRIA GROUP ORD COM 02209S103 914 34,100 SH SOLE 31,600 2,500 AMDOCS ORD COM G02602103 719 26,500 SH SOLE 26,500 AMERICAN EXPRESS ORD COM 025816109 7 150 SH SOLE 150 AMERICAN PUBLIC EDUCATION IN COM 02913V103 5 150 SH SOLE 150 AMERIGAS PART UNT COM 030975106 68 1,550 SH SOLE 1,550 AMERIGROUP ORD COM 03073T102 499 12,800 SH SOLE 12,800 AMGEN ORD COM 031162100 55 1,000 SH SOLE 1,000 APOLLO GROUP ORD COM 037604105 6 150 SH SOLE 150 APPLE INC COM 037833100 1,838 4,820 SH SOLE 4,820 ARES CAPITAL ETF COM 04010L103 71 5,150 SH SOLE 5,150 ARTHROCARE CORP ORD COM 043136100 6 200 SH SOLE 200 ASML HOLDING N V COM N07059186 770 22,300 SH SOLE 21,000 1,300 ASSURANT INC ORDINARY COM 04621X108 7 200 SH SOLE 200 ASTEC INDUSTRIES ORD COM 046224101 9 300 SH SOLE 300 ASTRAZENECA ADR COM 046353108 714 16,100 SH SOLE 15,300 800 AT & T ORD COM 00206R102 134 4,700 SH SOLE 4,700 ATLANTIC PWR CORP COM 04878Q863 391 27,700 SH SOLE 27,700 ATLAS PIPELINE ORD COM 049392103 665 22,250 SH SOLE 22,250 AURICO GOLD INC COM 05155C105 5,506 584,925 SH SOLE 575,425 9,500 AVALON RARE METALS INC COM 053470100 2 700 SH SOLE 700 BAIDU INC COM 056752108 86 800 SH SOLE 800 BANK NOVA SCOTIA ORD COM 064149107 1,356 27,020 SH SOLE 22,720 4,300 BANK OF MONTREAL ORD COM 063671101 5,959 106,710 SH SOLE 103,610 3,100 BARRICK GOLD ORD COM 067901108 3,820 81,730 SH SOLE 78,030 3,700 BAXTER INTL ORD COM 071813109 904 16,100 SH SOLE 16,100 BAYTEX ENERGY CORP COM 07317Q105 2,919 70,000 SH SOLE 70,000 BCE ORD COM 05534B760 7,173 191,820 SH SOLE 185,520 6,300 BECTON DICKINSON ORD COM 075887109 110 1,500 SH SOLE 1,500 BHP BILLITON ADR COM 088606108 47 700 SH SOLE 700 BIG LOTS ORD COM 089302103 1,921 55,150 SH SOLE 55,150 BIOGEN IDEC ORD COM 09062X103 7 70 SH SOLE 70 BJS WHOLESALE ORD COM 05548J106 922 18,000 SH SOLE 18,000 BLACKBAUD ORD COM 09227Q100 9 400 SH SOLE 400 BLACKROCK KELSO CAPITAL CORP COM 092533108 54 7,350 SH SOLE 7,350 BLACKROCK ORD COM 09247X101 7 50 SH SOLE 50 BMC SOFTWARE ORD COM 055921100 112 2,900 SH SOLE 2,900 BP PLC ADR COM 055622104 765 21,200 SH SOLE 20,000 1,200 BRISTOL-MYERS SQUIBB CO COM 110122108 135 4,300 SH SOLE 2,100 2,200 BROCADE COMMUNICATIONS ORD COM 111621306 4 1,000 SH SOLE 1,000 BROOKFIELD ASSET MGT A ORD COM 112585104 180 6,540 SH SOLE 6,040 500 BROOKFIELD INFRAST PARTNERS COM G16252101 95 3,900 SH SOLE 3,900 BROOKFIELD OFFICE PPTYS COM 112900105 15 1,100 SH SOLE 1,100 BRUKER CORPORATION COM 116794108 942 69,650 SH SOLE 69,650 BUCKEYE TECH ORD COM 118255108 506 21,000 SH SOLE 21,000 CAE ORD COM 124765108 209 22,300 SH SOLE 22,300 CAMECO ORD COM 13321L108 683 37,300 SH SOLE 31,800 5,500 CAMPBELL SOUP ORD COM 134429109 570 17,600 SH SOLE 17,600 CANADIAN IMPERIAL BANK COMMERCE ORD COM 136069101 3,106 44,470 SH SOLE 42,470 2,000 CAPELLA EDUCATION COMPANY COM 139594105 604 21,270 SH SOLE 21,270 CAREER EDUCATION ORD COM 141665109 261 20,000 SH SOLE 20,000 CASCADE ORD COM 147195101 230 6,900 SH SOLE 6,900 CAVIUM INC COM 14964U108 97 3,600 SH SOLE 3,600 CDN NAT RSC ORD COM 136385101 221 7,560 SH SOLE 4,260 3,300 CDN NTL ORD COM 136375102 4,472 67,090 SH SOLE 64,790 2,300 CDN PAC RAILWY ORD COM 13645T100 672 13,970 SH SOLE 12,570 1,400 CELGENE ORD COM 151020104 6 100 SH SOLE 100 CEMIG PR REP ADR COM 204409601 45 3,050 SH SOLE 3,050 CENOVUS ENERGY INC COM 15135U109 135 4,390 SH SOLE 2,090 2,300 CENTURYLINK INC COM 156700106 71 2,150 SH SOLE 2,150 CF INDUSTRIES ORD COM 125269100 420 3,400 SH SOLE 3,400 CGI CLASS A ORD COM 39945C109 3,018 160,900 SH SOLE 160,900 CHECK PT SFTWRE ORD COM M22465104 74 1,400 SH SOLE 1,400 CHEESECAKE ORD COM 163072101 9 350 SH SOLE 350 CHEMED ORD COM 16359R103 846 15,400 SH SOLE 15,400 CHEVRONTEXACO ORD COM 166764100 986 10,650 SH SOLE 10,650 CHICOS FAS ORD COM 168615102 1,150 100,600 SH SOLE 100,600 CHINA PETROLEUM ADR H COM 16941R108 671 7,000 SH SOLE 7,000 CHIPOTLE MEXICAN GRILL ORD COM 169656105 6 20 SH SOLE 20 CHRLS RIVER LABS ORD COM 159864107 1,372 47,950 SH SOLE 47,950 CME GROUP INC COM 12572Q105 5 20 SH SOLE 20 CMNTY HLTH SYS ORD COM 203668108 449 27,000 SH SOLE 27,000 COACH ORD COM 189754104 150 2,900 SH SOLE 2,900 COCA-COLA CO COM 191216100 763 11,300 SH SOLE 11,300 COCA-COLA ENTERPRISES OLD COM 19122T109 197 7,900 SH SOLE 7,900 COEUR D'ALENE ORD COM 192108504 645 30,100 SH SOLE 30,100 COGENT COMMUNICATIONS GROUP ORD COM 19239V302 5 400 SH SOLE 400 COGNEX ORD COM 192422103 687 25,350 SH SOLE 25,350 COLGATE ORD COM 194162103 842 9,500 SH SOLE 9,500

VOTING AUTORITY TITLE OF VALUE / SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER CLASS CUSIP 1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- -------- --- ---- ------- -------- ------- ------ -------- COMP DE BEBIDAS ADR COM 20441W203 55 1,800 SH SOLE 1,800 COMPLETE PRODUCTION SERVICES ORD COM 20453E109 550 29,200 SH SOLE 29,200 CONAGRA FOODS ORD COM 205887102 65 2,700 SH SOLE 2,700 CONCHO RES INC COM 20605P101 6 80 SH SOLE 80 CONOCOPHILLIPS ORD COM 20825C104 880 13,900 SH SOLE 13,900 CONSTELLATION ORDINARY A COM 21036P108 5 300 SH SOLE 300 CONTINENTAL RESOURCES INC COM 212015101 5 100 SH SOLE 100 CORP EXEC BOARD ORD COM 21988R102 969 32,500 SH SOLE 32,500 COVENTRY HEALTH ORD COM 222862104 6 200 SH SOLE 200 COVIDIEN PLC COM G2554F113 772 17,500 SH SOLE 17,500 CPFL ENERGIA ADR COM 126153105 50 2,250 SH SOLE 2,250 CRA INTL ORD COM 12618T105 4 200 SH SOLE 200 CUMMINS INC ORD COM 231021106 106 1,300 SH SOLE 1,300 CVR ENERGY INC COM 12662P108 1,177 55,700 SH SOLE 55,700 CYBERONICS ORD COM 23251P102 11 400 SH SOLE 400 CYPRESS SEMI ORD COM 232806109 5 350 SH SOLE 350 DANAHER ORD COM 235851102 6 150 SH SOLE 150 DECKERS OUTDOOR ORD COM 243537107 1,038 11,140 SH SOLE 11,140 DELEK US HOLDINGS ORD COM 246647101 455 40,400 SH SOLE 40,400 DEVRY ORD COM 251893103 7 200 SH SOLE 200 DIAGEO ADR COM 25243Q205 858 11,300 SH SOLE 11,300 DISH NETWORK COM 25470M109 5 200 SH SOLE 200 DOLLAR TREE INC COM 256746108 8 100 SH SOLE 100 DOMTAR CORP COM 257559203 5,989 88,180 SH SOLE 88,180 DU PONT ORD COM 263534109 556 13,900 SH SOLE 13,900 DUKE ENERGY ORD COM 26441C105 75 3,750 SH SOLE 3,750 ELDORADO GOLD ORD COM 284902103 61 3,530 SH SOLE 1,930 1,600 ELECTRO ORD COM 285229100 542 45,600 SH SOLE 45,600 ELI LILLY & CO COM 532457108 913 24,700 SH SOLE 22,900 1,800 ENBRIDGE ORD COM 29250N105 2,792 87,700 SH SOLE 82,500 5,200 ENCANA ORD COM 292505104 106 5,510 SH SOLE 3,310 2,200 ENDEAVOUR SILVER ORD COM 29258Y103 1,848 205,700 SH SOLE 205,700 ENDO PHARM HLDGS ORD COM 29264F205 129 4,600 SH SOLE 4,600 ENERPLUS CORP COM 292766102 325 13,200 SH SOLE 13,200 ENI ADR COM 26874R108 53 1,500 SH SOLE 1,500 ENTEGRIS ORD COM 29362U104 852 133,600 SH SOLE 133,600 EXAR ORD COM 300645108 16 2,800 SH SOLE 2,800 EXELON CORP ORD COM 30161N101 213 5,000 SH SOLE 5,000 EXXON MOBIL ORD COM 30231G102 109 1,500 SH SOLE 1,500 EZCORP ORD COM 302301106 639 22,400 SH SOLE 22,400 F5 NETWORKS ORD COM 315616102 110 1,550 SH SOLE 1,550 FASTENAL ORD COM 311900104 899 27,000 SH SOLE 27,000 FED INVESTORS ORDINARY B COM 314211103 521 29,700 SH SOLE 27,000 2,700 FEI COMPANY ORD COM 30241L109 956 31,900 SH SOLE 31,900 FIRST MAJESTIC SILVER ORD COM 32076V103 5,035 330,800 SH SOLE 330,800 FIRSTENERGY ORD COM 337932107 74 1,650 SH SOLE 1,650 FLEXTRONICS INTL ORD COM Y2573F102 53 9,400 SH SOLE 9,400 FRANCO NEVADA CORP COM 351858105 2,360 65,400 SH SOLE 65,400 FRANKLIN RSC ORD COM 354613101 5 50 SH SOLE 50 GILDAN ACTIVEWR A ORD COM 375916103 412 15,900 SH SOLE 15,900 GLADSTONE CAP ORD COM 376535100 64 9,400 SH SOLE 9,400 GLADSTONE INVTMT ORD COM 376546107 66 9,650 SH SOLE 9,650 GLAXOSMITHKLINE ADR COM 37733W105 1,131 27,400 SH SOLE 26,300 1,100 GOLD FIELDS ADR COM 38059T106 858 56,000 SH SOLE 56,000 GOLDCORP ORD COM 380956409 4,386 95,860 SH SOLE 93,460 2,400 GOOGLE ORD COM 38259P508 5 10 SH SOLE 10 GREAT BASIN GLD ORD COM 390124105 57 34,000 SH SOLE 34,000 HANSEN NATURAL ORD COM 411310105 9 100 SH SOLE 100 HATTERAS FINL CORP COM 41902R103 57 2,250 SH SOLE 2,250 HEALTHWAYS ORD COM 422245100 613 62,400 SH SOLE 62,400 HECLA MINING ORD COM 422704106 543 101,300 SH SOLE 101,300 HERSHEY CO ORD COM 427866108 6 100 SH SOLE 100 HEWLETT PACKARD ORD COM 428236103 741 33,000 SH SOLE 33,000 HI TECH PHARM ORD COM 42840B101 7 200 SH SOLE 200 HILL ROM HLDGS INC COM 431475102 465 15,500 SH SOLE 15,500 HOLLYFRONTIER CORP COM 436106108 10 400 SH SOLE 400 HOLOGIC ORD COM 436440101 11 750 SH SOLE 750 HONEYWELL INTL ORD COM 438516106 746 17,000 SH SOLE 17,000 IAMGOLD ORD COM 450913108 183 9,250 SH SOLE 8,150 1,100 IBM ORD COM 459200101 862 4,930 SH SOLE 4,930 IDEX ORD COM 45167R104 3 100 SH SOLE 100 IHS ORD COM 451734107 5 70 SH SOLE 70 IMPERIAL OIL ORD COM 453038408 326 9,100 SH SOLE 9,100 INFOSPACE ORD COM 45678T300 7 800 SH SOLE 800 INTEGRA LIFESCI ORD COM 457985208 5 150 SH SOLE 150 INTEL ORD COM 458140100 993 46,550 SH SOLE 43,500 3,050 INTERACTIVE INTELLIGENCE GROUP COM 45841V109 9 350 SH SOLE 350 INTL GAME TECH ORD COM 459902102 5 350 SH SOLE 350 INTREPID POTASH INC COM 46121Y102 908 36,500 SH SOLE 36,500 INTUITIVE SURGCL ORD COM 46120E602 91 250 SH SOLE 250 IROBOT ORD COM 462726100 264 10,500 SH SOLE 10,500 IRON MOUNTAIN ORD COM 462846106 6 200 SH SOLE 200 ISHARES AUSTRIA ETF COM 464286202 11 700 SH SOLE 700 ISHARES MEXICO ETF COM 464286822 12 250 SH SOLE 250 iSHARES MSCI GER ETF COM 464286806 13 700 SH SOLE 700 ISHARES MSCI KORE ETF COM 464286772 12 250 SH SOLE 250 iSHARES MSCI SNG ETF COM 464286673 12 1,100 SH SOLE 1,100 ISHARES SOUT AFR ETF COM 464286780 11 200 SH SOLE 200 ISHARES THAILAND ETF COM 464286624 11 200 SH SOLE 200 ISHARES TR COM 464287465 8 SH SOLE 8 ISHARES TR COM 464288513 286 3,450 SH SOLE 2,250 1,200 ITT EDUCATIONAL SERVICES INC COM 45068B109 639 11,100 SH SOLE 11,100 J CREW GROUP ORD ESCRO COM 466ESC407 200 SH SOLE 200 JAZZ PHARMACEUTICALS INC COM 472147107 888 21,402 SH SOLE 21,402

VOTING AUTORITY TITLE OF VALUE / SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER CLASS CUSIP 1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- -------- --- ---- ------- -------- ------- ------ -------- JDS UNIPHASE ORD COM 46612J507 924 92,700 SH SOLE 92,700 JOHNSON&JOHNSON ORD COM 478160104 675 10,600 SH SOLE 10,600 JOY GLOBAL ORD COM 481165108 94 1,500 SH SOLE 1,500 KAYNE ANDERSON ENERGY DEVMNT ORD COM 48660Q102 82 4,200 SH SOLE 4,200 KEYNOTE SYSTEMS ORD COM 493308100 639 30,250 SH SOLE 30,250 KIMBERLY CLARK ORD COM 494368103 852 12,000 SH SOLE 12,000 KINROSS GOLD ORD COM 496902404 285 19,200 SH SOLE 7,500 11,700 KLA TENCOR ORD COM 482480100 651 17,000 SH SOLE 17,000 KOHLS ORD COM 500255104 5 100 SH SOLE 100 KONAMI ADR COM 50046R101 7 200 SH SOLE 200 KOPIN ORD COM 500600101 5 1,400 SH SOLE 1,400 KRISPY KREME ORD COM 501014104 5 700 SH SOLE 700 KT ADR COM 48268K101 45 3,050 SH SOLE 3,050 L 3 COMMS HLDGS ORD COM 502424104 6 100 SH SOLE 100 LATTICE ORD COM 518415104 551 105,000 SH SOLE 105,000 LEUCADIA ORD COM 527288104 93 4,100 SH SOLE 4,100 LIBERTY INTERACTIVE CORPORAT COM 53071M104 5 350 SH SOLE 350 LIQUIDITY SERVICES ORD COM 53635B107 6 200 SH SOLE 200 LOCKHEED MARTIN ORD COM 539830109 225 3,100 SH SOLE 2,200 900 LORRILLARD INC COM 544147101 991 8,950 SH SOLE 8,950 LSI CORPORATION COM 502161102 4 800 SH SOLE 800 LTC PROPERTIES ORD COM 502175102 75 2,950 SH SOLE 2,950 LULULEMON ATHLETICA INC COM 550021109 1,128 23,250 SH SOLE 23,250 MACY'S INC COM 55616P104 5 200 SH SOLE 200 MAGNA INTERNATIONAL CLASS A ORD COM 559222401 2,362 71,620 SH SOLE 69,920 1,700 MANHATTAN ASSOC ORD COM 562750109 5 150 SH SOLE 150 MANULIFE FINL ORD COM 56501R106 488 42,910 SH SOLE 30,110 12,800 MARKET VECTORS ETF TR EM LC CURR DBT COM 57060U522 738 30,000 SH SOLE 30,000 MARKET VECTORS ETF TR INDONESIA COM 57060U753 13 500 SH SOLE 500 MARKETAXESS COM 57060D108 126 4,850 SH SOLE 4,850 MASTERCARD CL A ORD COM 57636Q104 211 665 SH SOLE 665 MATTEL ORD COM 577081102 70 2,700 SH SOLE 2,700 MCDONALDS ORD COM 580135101 141 1,600 SH SOLE 800 800 MCGRAW HILL ORD COM 580645109 832 20,300 SH SOLE 20,300 MEDICAL PROP ORD COM 58463J304 67 7,450 SH SOLE 7,450 MEDICIS PHARM ORDINARY A COM 584690309 1,435 39,350 SH SOLE 39,350 MEDTRONIC ORD COM 585055106 53 1,600 SH SOLE 1,600 MENTOR GRAPHICS ORD COM 587200106 106 11,000 SH SOLE 11,000 MGE ENERGY ORD COM 55277P104 6 150 SH SOLE 150 MICROCHIP TECH ORD COM 595017104 56 1,800 SH SOLE 1,800 MICROSOFT ORD COM 594918104 709 28,500 SH SOLE 26,000 2,500 MINEFINDERS ORD COM 602900102 4,008 290,600 SH SOLE 290,600 MOODYS CORP ORD COM 615369105 8 250 SH SOLE 250 MSC INDUSTRIAL ORDINARY A COM 553530106 113 2,000 SH SOLE 2,000 MSCI INC COM 55354G100 6 200 SH SOLE 200 MYRIAD GENETICS ORD COM 62855J104 1,087 58,000 SH SOLE 58,000 NATL HEALTH INV ORD COM 63633D104 1,742 41,350 SH SOLE 41,350 NCR ORD COM 62886E108 5 300 SH SOLE 300 NETAPP INC COM 64110D104 3 100 SH SOLE 100 NETGEAR INC COM 64111Q104 1,093 42,200 SH SOLE 42,200 NEVSUN RSC ORD COM 64156L101 1,896 377,200 SH SOLE 377,200 NEW GOLD ORD COM 644535106 4,737 460,000 SH SOLE 460,000 NEWPARK RSC ORD COM 651718504 9 1,400 SH SOLE 1,400 NEWPORT ORD COM 651824104 1,129 104,400 SH SOLE 104,400 NEXEN ORD COM 65334H102 711 45,810 SH SOLE 44,210 1,600 NOBLE ORD COM H5833N103 47 1,600 SH SOLE 1,600 NORDIC AMERICAN TANKERS LIMI COM G65773106 59 4,150 SH SOLE 4,150 NORDION INC COM 65563C105 2,466 279,800 SH SOLE 279,800 NOVAGOLD ORD COM 66987E206 40 6,100 SH SOLE 6,100 NOVARTIS ADR COM 66987V109 782 14,029 SH SOLE 14,029 NOVELLUS SYS ORD COM 670008101 409 15,000 SH SOLE 15,000 NOVO NORDISK ADR COM 670100205 726 7,300 SH SOLE 7,300 NUANCE COMMUNICATIONS ORD COM 67020Y100 13 650 SH SOLE 650 NYSE EURONEXT COM 629491101 2 100 SH SOLE 100 OCCIDENTAL ORD COM 674599105 50 700 SH SOLE 700 ON ASSIGNMENT ORD COM 682159108 5 700 SH SOLE 700 OPEN TEXT ORD COM 683715106 2,864 54,930 SH SOLE 54,930 OPLINK COMMUNICATIONS ORD COM 68375Q403 5 350 SH SOLE 350 ORACLE ORD COM 68389X105 675 23,500 SH SOLE 23,500 ORITANI FINL CORP COM 68633D103 13 1,000 SH SOLE 1,000 OYO GEOSPACE ORD COM 671074102 580 10,300 SH SOLE 10,300 PAN AMER SILVER ORD COM 697900108 1,690 62,900 SH SOLE 62,900 PANERA BREAD A ORD COM 69840W108 10 100 SH SOLE 100 PARTNER COMMS ADR COM 70211M109 22 2,300 SH SOLE 2,300 PATTERSON UTI ORD COM 703481101 79 4,550 SH SOLE 4,550 PAYCHEX ORD COM 704326107 55 2,100 SH SOLE 2,100 PEABODY ENERGY ORD COM 704549104 3 100 SH SOLE 100 PENGROWTH ENERGY CORP COM 70706P104 187 20,700 SH SOLE 20,700 PENN WEST PETE LTD NEW COM 707887105 78 5,290 SH SOLE 3,890 1,400 PEOPLE'S UNITED FINANCIAL COM 712704105 11 1,000 SH SOLE 1,000 PERFICIENT ORD COM 71375U101 8 1,100 SH SOLE 1,100 PERKINELMER ORD COM 714046109 1,133 59,000 SH SOLE 59,000 PFIZER ORD COM 717081103 205 11,600 SH SOLE 8,600 3,000 PHARM RSC ORD COM 69888P106 1,078 40,500 SH SOLE 40,500 PHILIP MORRIS INTL INC COM 718172109 898 14,400 SH SOLE 14,400 PIER 1 IMPORTS ORD COM 720279108 905 92,500 SH SOLE 92,500 PMC SIERRA ORD COM 69344F106 114 19,000 SH SOLE 19,000 POTASH SASKATCHE ORD COM 73755L107 2,276 52,560 SH SOLE 49,360 3,200 PRECISION DRILLING CORP COM 74022D308 1,564 188,200 SH SOLE 188,200 PREMIERE GLB SRV ORD COM 740585104 229 35,700 SH SOLE 35,700 PRICELINE COM ORD COM 741503403 169 375 SH SOLE 375 PROGRESS ENERGY ORD COM 743263105 155 3,000 SH SOLE 3,000 PROGRESSIVE WASTE SOLUTIONS COM 74339G101 345 16,800 SH SOLE 16,800 PROSHARES TR SHRT RUSSL2000 COM 74347X690 1,040 39,700 SH SOLE 39,700

VOTING AUTORITY TITLE OF VALUE / SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER CLASS CUSIP 1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- -------- --- ---- ------- -------- ------- ------ -------- PROSHARES TR ULT SHR S&P500 COM 74347X856 523 25,550 SH SOLE 25,550 QLOGIC ORD COM 747277101 1,064 83,900 SH SOLE 83,900 QUALCOMM ORD COM 747525103 662 13,620 SH SOLE 13,620 RAYMOND JAMES ORD COM 754730109 5 200 SH SOLE 200 REED ELSEVIER ADR COM 758204200 807 37,000 SH SOLE 35,000 2,000 REINSURANCE GRP ORD COM 759351604 5 100 SH SOLE 100 RESEARCH IN MOTION ORD COM 760975102 371 18,240 SH SOLE 15,340 2,900 ROGERS COMS B ORD COM 775109200 5,151 150,860 SH SOLE 148,260 2,600 ROYAL BK CANADA ORD COM 780087102 3,645 79,675 SH SOLE 72,675 7,000 RPC ORD COM 749660106 410 25,100 SH SOLE 25,100 SALIX PHARM ORD COM 795435106 114 3,850 SH SOLE 3,850 SANDISK ORD COM 80004C101 6 150 SH SOLE 150 SANOFI COM 80105N105 859 26,200 SH SOLE 24,900 1,300 SAP AG COM 803054204 810 16,000 SH SOLE 16,000 SASOL ADR COM 803866300 755 18,600 SH SOLE 18,600 SCICLONE ORD COM 80862K104 555 145,582 SH SOLE 145,582 SCRIPPS NETWORKS INTERACT IN COM 811065101 4 120 SH SOLE 120 SELECT COMFORT ORD COM 81616X103 355 25,400 SH SOLE 25,400 SENIOR HOUSING ORD COM 81721M109 62 2,900 SH SOLE 2,900 SHAW COMMUNICATIONS CLASS B ORD COM 82028K200 919 45,400 SH SOLE 43,100 2,300 SIEMENS ADR COM 826197501 862 9,600 SH SOLE 9,600 SIGNATURE BANK ORDINARY COM 82669G104 5 100 SH SOLE 100 SILVER WHEATON ORDINARY COM 828336107 6,223 211,320 SH SOLE 209,320 2,000 SIRONA DENTAL SYSTEMS ORD COM 82966C103 4 100 SH SOLE 100 SK TELECOM DEPOSITORY RECEIPTS COM 78440P108 37 2,600 SH SOLE 2,600 SLM CORP ORD COM 78442P106 2 200 SH SOLE 200 SMART BALANCE INC COM 83169Y108 6 1,100 SH SOLE 1,100 SOTHEBYS COM 835898107 7 250 SH SOLE 250 SPDR SERIES TRUST BRCLYS YLD ETF COM 78464A417 1,609 44,450 SH SOLE 31,950 12,500 STANTEC ORD COM 85472N109 953 42,900 SH SOLE 42,900 STARBUCKS ORD COM 855244109 7 200 SH SOLE 200 SUBRBN PROPANE UNT COM 864482104 63 1,350 SH SOLE 1,350 SUN LIFE FINL ORD COM 866796105 2,250 94,460 SH SOLE 92,760 1,700 SUNCOR ENERGY ORD COM 867224107 3,477 136,510 SH SOLE 127,810 8,700 SYMANTEC ORD COM 871503108 782 48,000 SH SOLE 48,000 TALISMAN ENERGY ORD COM 87425E103 125 10,220 SH SOLE 7,120 3,100 TC PIPELINES LP UN COM 87233Q108 1,710 39,000 SH SOLE 39,000 TECK COMINCO CL B ORD COM 878742204 909 30,900 SH SOLE 28,800 2,100 TELECOM ADR B COM 879273209 449 24,095 SH SOLE 21,695 2,400 TELECOM NZ ADR COM 879278208 57 5,800 SH SOLE 5,800 TELEFONICA BRASIL SA COM 87936R106 145 5,500 SH SOLE 5,500 TELUS ORD COM 87971M103 4,452 91,080 SH SOLE 88,480 2,600 TESCO ORD COM 88157K101 3 300 SH SOLE 300 TESORO ORD COM 881609101 12 600 SH SOLE 600 TESSCO TECH ORD COM 872386107 86 6,489 SH SOLE 6,489 TEVA PHARM ADR COM 881624209 726 19,500 SH SOLE 19,500 THE MEDICINES ORD COM 584688105 1,272 85,500 SH SOLE 85,500 THERMO FISHER SCIENTIFIC ORD COM 883556102 5 100 SH SOLE 100 THOMPSON CREEK METALS CO INC COM 884768102 75 12,400 SH SOLE 12,400 THOMSON REUTERS CORP COM 884903105 791 29,250 SH SOLE 26,950 2,300 THORATEC ORD COM 885175307 160 4,900 SH SOLE 4,900 TICC CAPITAL CORP COM 87244T109 56 6,900 SH SOLE 6,900 TIM HORTONS ORD COM 88706M103 5,663 122,146 SH SOLE 120,160 1,986 TJX ORD COM 872540109 94 1,700 SH SOLE 1,700 TORONTO DOMINION ORD COM 891160509 2,198 30,960 SH SOLE 28,260 2,700 TOTAL FINA ELF ADR COM 89151E109 715 16,300 SH SOLE 16,300 TRANSALTA ORD COM 89346D107 1,501 69,150 SH SOLE 69,150 TRANSCANADA CORP ORD COM 89353D107 3,557 87,840 SH SOLE 83,040 4,800 TRANSGLOBE ENRGY ORD COM 893662106 1,807 225,000 SH SOLE 225,000 TURKCELL ADR COM 900111204 56 4,950 SH SOLE 4,950 TWN SEMICONT MAN ADR COM 874039100 1,118 97,800 SH SOLE 93,500 4,300 ULTRATECH ORD COM 904034105 513 29,900 SH SOLE 29,900 UNITEDHEALTH GRP ORD COM 91324P102 7 150 SH SOLE 150 USA MOBILITY ORD COM 90341G103 622 47,150 SH SOLE 47,150 UTD THERAPEUT ORD COM 91307C102 137 3,650 SH SOLE 3,650 VALE S. A. COM 91912E105 620 27,200 SH SOLE 27,200 VALEANT PHARMACEUTICALS INTL COM 91911K102 75 2,020 SH SOLE 2,020 VEECO INSTRUM ORD COM 922417100 639 26,200 SH SOLE 26,200 VF ORD COM 918204108 85 700 SH SOLE 700 VIACOM B ORD COM 92553P201 70 1,800 SH SOLE 1,800 VISHAY INTERTECH ORD COM 928298108 4 450 SH SOLE 450 VODAFONE GROUP ADR COM 92857W209 55 2,150 SH SOLE 2,150 WADDELL REED ORDINARY A COM 930059100 5 200 SH SOLE 200 WARREN RESOURCES ORD COM 93564A100 7 3,100 SH SOLE 3,100 WATSON PHARM ORD COM 942683103 7 100 SH SOLE 100 WEATHERFORD INTL ORD COM H27013103 4 300 SH SOLE 300 WEBS SWITZERLAND ETF COM 464286749 13 600 SH SOLE 600 WEIGHT WATCHERS ORD COM 948626106 12 200 SH SOLE 200 WELLCARE HEALTH ORDINARY COM 94946T106 106 2,800 SH SOLE 2,800 WESTAR ENERGY ORD COM 95709T100 82 3,100 SH SOLE 3,100 WESTERN REFINING ORD COM 959319104 5 400 SH SOLE 400 WI LAN ORD COM 928972108 2,306 395,300 SH SOLE 395,300 WILLIAMS PRTNRS UNITS COM 96950F104 62 1,150 SH SOLE 1,150 WILLIAMS SONOMA ORD COM 969904101 11 350 SH SOLE 350 WOLVERINE WW ORD COM 978097103 944 28,400 SH SOLE 28,400 WP CAREY CO ORD COM 92930Y107 58 1,600 SH SOLE 1,600 XILINX ORD COM 983919101 60 2,200 SH SOLE 2,200 YAMANA GOLD ORD COM 98462Y100 2,378 173,740 SH SOLE 162,640 11,100 ZEBRA TECHS ORD COM 989207105 811 26,200 SH SOLE 26,200 ZIMMER HLDGS WI COM 98956P102 96 1,800 SH SOLE 1,800 ZOLL MEDICAL ORD COM 989922109 245 6,500 SH SOLE 6,500