0001140361-12-007448.txt : 20120213 0001140361-12-007448.hdr.sgml : 20120213 20120213170204 ACCESSION NUMBER: 0001140361-12-007448 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120213 DATE AS OF CHANGE: 20120213 EFFECTIVENESS DATE: 20120213 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: 12600061 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 NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 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 submission. 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 2/13/2012 --------------------------------- --------------------------------- ---------- [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).) 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: 774 Form 13F Information Table Value Total: $ 23,587,511 -------------- (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 56238 688100 SH SOLE NONE X 0 0 Abbott Laboratories COMMON 002824100 84840 1508800 SH SOLE NONE X 0 0 Abercrombie & Fitch Co COMMON 002896207 4337 88800 SH SOLE NONE X 0 0 Accenture Plc COMMON G1151C101 29457 553400 SH SOLE NONE X 0 0 Accuray Inc COMMON 004397105 4230 1000000 SH SOLE NONE X 0 0 ACE Ltd COMMON H0023R105 33251 474200 SH SOLE NONE X 0 0 Activision Blizzard Inc COMMON 00507V109 1756 142500 SH SOLE NONE X 0 0 Actuant Corp COMMON 00508X203 9076 400000 SH SOLE NONE X 0 0 Adobe Systems Inc COMMON 00724F101 17146 606500 SH SOLE NONE X 0 0 Advance Auto Parts Inc COMMON 00751Y106 1678 24100 SH SOLE NONE X 0 0 Advanced Micro Devices Inc COMMON 007903107 2840 526000 SH SOLE NONE X 0 0 Aerovironment Inc COMMON 008073108 7868 250000 SH SOLE NONE X 0 0 AES Corp/The COMMON 00130H105 8583 724900 SH SOLE NONE X 0 0 Aetna Inc COMMON 00817Y108 14927 353800 SH SOLE NONE X 0 0 Affiliated Managers Group Inc COMMON 008252108 1439 15000 SH SOLE NONE X 0 0 Aflac Inc COMMON 001055102 16807 388500 SH SOLE NONE X 0 0 Agilent Technologies Inc COMMON 00846U101 11761 336700 SH SOLE NONE X 0 0 AGL Resources Inc COMMON 001204106 3463 81954 SH SOLE NONE X 0 0 Air Products & Chemicals Inc COMMON 009158106 19687 231100 SH SOLE NONE X 0 0 Airgas Inc COMMON 009363102 5489 70300 SH SOLE NONE X 0 0 Akamai Technologies Inc COMMON 00971T101 5233 162100 SH SOLE NONE X 0 0 Alcatel-Lucent ADR 013904305 232 148442 SH SOLE NONE X 0 0 Alcoa Inc COMMON 013817101 10066 1163700 SH SOLE NONE X 0 0 Alexion Pharmaceuticals Inc COMMON 015351109 2446 34204 SH SOLE NONE X 0 0 Allegheny Technologies Inc COMMON 01741R102 5072 106100 SH SOLE NONE X 0 0 Allergan Inc COMMON 018490102 32999 376100 SH SOLE NONE X 0 0 Alliance Data Systems Corp COMMON 018581108 1049 10100 SH SOLE NONE X 0 0 Alliant Energy Corp COMMON 018802108 1606 36400 SH SOLE NONE X 0 0 Allied World Assurance Co Holdings AG COMMON H01531104 6992 111100 SH SOLE NONE X 0 0 Allstate Corp/The COMMON 020002101 13022 475100 SH SOLE NONE X 0 0 Alpha Natural Resources Inc COMMON 02076X102 4284 209713 SH SOLE NONE X 0 0 Altera Corp COMMON 021441100 3662 98700 SH SOLE NONE X 0 0 Altria Group Inc COMMON 02209S103 67955 2291900 SH SOLE NONE X 0 0 Amazon.Com Inc COMMON 023135106 63909 369200 SH SOLE NONE X 0 0 Ameren Corp COMMON 023608102 8263 249400 SH SOLE NONE X 0 0 American Eagle Outfitters Inc COMMON 02553E106 3517 230000 SH SOLE NONE X 0 0 American Electric Power Co Inc COMMON 025537101 22163 536500 SH SOLE NONE X 0 0 American Express Co COMMON 025816109 47628 1009700 SH SOLE NONE X 0 0 American Financial Group Inc/OH COMMON 025932104 1156 31340 SH SOLE NONE X 0 0 American International Group Inc COMMON 026874784 6547 282200 SH SOLE NONE X 0 0 American Tower Corp COMMON 29912201 22114 368500 SH SOLE NONE X 0 0 American Water Works Co Inc COMMON 030420103 1832 57500 SH SOLE NONE X 0 0 Ameriprise Financial Inc COMMON 03076C106 13343 268800 SH SOLE NONE X 0 0 AmerisourceBergen Corp COMMON 03073E105 8602 231300 SH SOLE NONE X 0 0 Ametek Inc COMMON 031100100 16543 392950 SH SOLE NONE X 0 0 Amgen Inc COMMON 031162100 49333 768300 SH SOLE NONE X 0 0 Amgen Inc NOTE 031162AQ3 116373 115500000 PRN SOLE NONE X 0 0 Amphenol Corp COMMON 032095101 6795 149700 SH SOLE NONE X 0 0 Anadarko Petroleum Corp COMMON 032511107 53568 701800 SH SOLE NONE X 0 0 Analog Devices Inc COMMON 032654105 9571 267500 SH SOLE NONE X 0 0 Annaly Capital Management Inc REIT 035710409 3604 225800 SH SOLE NONE X 0 0 AON Corp COMMON 037389103 13825 295400 SH SOLE NONE X 0 0 Apache Corp COMMON 037411105 35756 394740 SH SOLE NONE X 0 0 Apartment Investment & Management Co REIT 03748R101 1931 84300 SH SOLE NONE X 0 0 Apollo Group Inc COMMON 037604105 6578 122100 SH SOLE NONE X 0 0 Apple Inc COMMON 037833100 376002 928400 SH SOLE NONE X 0 0 Applied Materials Inc COMMON 038222105 13727 1281700 SH SOLE NONE X 0 0 Arch Coal Inc COMMON 039380100 756 52100 SH SOLE NONE X 0 0 Archer-Daniels-Midland Co COMMON 039483102 21327 745700 SH SOLE NONE X 0 0 Ares Capital Corp COMMON 04010L103 2240 145000 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Arrow Electronics Inc COMMON 042735100 842 22500 SH SOLE NONE X 0 0 Aspen Technology Inc COMMON 045327103 1735 100000 SH SOLE NONE X 0 0 Assurant Inc COMMON 04621X108 3244 79000 SH SOLE NONE X 0 0 Assured Guaranty Ltd COMMON G0585R106 1248 95000 SH SOLE NONE X 0 0 Astoria Financial Corp COMMON 046265104 425 50000 SH SOLE NONE X 0 0 AT&T Inc COMMON 00206R102 199194 6587100 SH SOLE NONE X 0 0 Atmel Corp COMMON 049513104 5630 695000 SH SOLE NONE X 0 0 Autodesk Inc COMMON 052769106 6187 204000 SH SOLE NONE X 0 0 Autoliv Inc COMMON 052800109 1569 29340 SH SOLE NONE X 0 0 Automatic Data Processing Inc COMMON 053015103 25855 478700 SH SOLE NONE X 0 0 AutoNation Inc COMMON 05329W102 1231 33400 SH SOLE NONE X 0 0 AutoZone Inc COMMON 053332102 9684 29800 SH SOLE NONE X 0 0 Avago Technologies Ltd COMMON Y0486S104 10485 363300 SH SOLE NONE X 0 0 AvalonBay Communities Inc REIT 053484101 10566 80900 SH SOLE NONE X 0 0 Avery Dennison Corp COMMON 053611109 3066 106900 SH SOLE NONE X 0 0 Avnet Inc COMMON 053807103 933 30000 SH SOLE NONE X 0 0 Avon Products Inc COMMON 054303102 17536 1003800 SH SOLE NONE X 0 0 Axis Capital Holdings Ltd COMMON G0692U109 591 18500 SH SOLE NONE X 0 0 Baker Hughes Inc COMMON 057224107 21815 448509 SH SOLE NONE X 0 0 Ball Corp COMMON 058498106 5792 162200 SH SOLE NONE X 0 0 Bank of America Corp COMMON 060505104 51854 9326200 SH SOLE NONE X 0 0 Bank of New York Mellon Corp, The COMMON 064058100 19876 998300 SH SOLE NONE X 0 0 BankUnited Inc COMMON 06652K103 2199 100000 SH SOLE NONE X 0 0 Banque Toronto-Dominion, La COMMON 891160509 174217 2325292 SH SOLE NONE X 0 0 Baxter International Inc COMMON 071813109 27085 547400 SH SOLE NONE X 0 0 Baytex Energy Corp COMMON 07317Q105 2122 37924 SH SOLE NONE X 0 0 BB&T Corp COMMON 054937107 16403 651700 SH SOLE NONE X 0 0 BE Aerospace Inc COMMON 073302101 8903 230000 SH SOLE NONE X 0 0 Beam Inc COMMON 073730103 13084 255390 SH SOLE NONE X 0 0 Becton Dickinson and Co COMMON 075887109 8892 119000 SH SOLE NONE X 0 0 Bed Bath & Beyond Inc COMMON 075896100 15687 270600 SH SOLE NONE X 0 0 Bemis Co Inc COMMON 081437105 2172 72200 SH SOLE NONE X 0 0 Berkshire Hathaway Inc COMMON 084670702 126383 1656400 SH SOLE NONE X 0 0 Best Buy Co Inc COMMON 086516101 4349 186100 SH SOLE NONE X 0 0 BHP Billiton PLC ADR 05545E209 102013 1747100 SH SOLE NONE X 0 0 Big Lots Inc COMMON 089302103 4395 116400 SH SOLE NONE X 0 0 Biogen Idec Inc COMMON 09062X103 25540 232078 SH SOLE NONE X 0 0 BioMimetic Therapeutics Inc COMMON 09064X101 1226 430000 SH SOLE NONE X 0 0 BlackRock Inc COMMON 09247X101 19482 109300 SH SOLE NONE X 0 0 BMC Software Inc COMMON 055921100 5042 153800 SH SOLE NONE X 0 0 Boeing Co/The COMMON 097023105 52086 710100 SH SOLE NONE X 0 0 Booz Allen Hamilton Holding Corp COMMON 099502106 6814 395000 SH SOLE NONE X 0 0 BorgWarner Inc COMMON 099724106 7203 113000 SH SOLE NONE X 0 0 Boston Properties Inc REIT 101121101 13735 137900 SH SOLE NONE X 0 0 Boston Scientific Corp COMMON 101137107 7734 1448400 SH SOLE NONE X 0 0 Bristol-Myers Squibb Co COMMON 110122108 66766 1894600 SH SOLE NONE X 0 0 Broadcom Corp COMMON 111320107 13908 473700 SH SOLE NONE X 0 0 Brookfield Office Properties Inc COMMON 112900105 215421 13735292 SH SOLE NONE X 0 0 Brown-Forman Corp COMMON 115637209 7922 98400 SH SOLE NONE X 0 0 Bunge Ltd COMMON G16962105 2768 48400 SH SOLE NONE X 0 0 CA Inc COMMON 12673P105 7512 371600 SH SOLE NONE X 0 0 Cablevision Systems Corp COMMON 12686C109 3172 223100 SH SOLE NONE X 0 0 Cabot Oil & Gas Corp COMMON 127097103 11309 149000 SH SOLE NONE X 0 0 CAE Inc COMMON 124765108 20291 2089141 SH SOLE NONE X 0 0 Calpine Corp COMMON 131347304 1723 105500 SH SOLE NONE X 0 0 Cameco Corp COMMON 13321L108 106554 5893445 SH SOLE NONE X 0 0 Camelot Information Systems Inc ADR 13322V105 1283 450000 SH SOLE NONE X 0 0 Cameron International Corp COMMON 13342B105 11412 232000 SH SOLE NONE X 0 0 Canadian Natural Resources Limited COMMON 136385101 557272 14873976 SH SOLE NONE X 0 0 Capital One Financial Corporation COMMON 14040H105 20282 479600 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Cardinal Health Inc COMMON 14149Y108 20082 494500 SH SOLE NONE X 0 0 CareFusion Corp COMMON 14170T101 5059 199100 SH SOLE NONE X 0 0 Carmax Inc COMMON 143130102 7111 233300 SH SOLE NONE X 0 0 Carnival Corp COMMON 143658300 16470 504600 SH SOLE NONE X 0 0 Caterpillar Inc COMMON 149123101 69626 768500 SH SOLE NONE X 0 0 Cavium Inc COMMON 14964U108 3412 120000 SH SOLE NONE X 0 0 CBRE Group Inc COMMON 12504L109 4126 271100 SH SOLE NONE X 0 0 CBS Corp COMMON 124857202 19432 716000 SH SOLE NONE X 0 0 Celanese Corp COMMON 150870103 2143 48400 SH SOLE NONE X 0 0 Celgene Corp COMMON 151020104 29337 433975 SH SOLE NONE X 0 0 Cellcom Israel Ltd COMMON M2196U109 1219 73116 SH SOLE NONE X 0 0 Cenovus Energy Inc COMMON 15135U109 261942 7884186 SH SOLE NONE X 0 0 Centerpoint Energy Inc COMMON 15189T107 18720 931800 SH SOLE NONE X 0 0 CenturyTel Inc COMMON 156700106 25519 685982 SH SOLE NONE X 0 0 Cerner Corp COMMON 156782104 7891 128840 SH SOLE NONE X 0 0 CF Industries Holdings Inc COMMON 125269100 9897 68265 SH SOLE NONE X 0 0 CH Robinson Worldwide Inc COMMON 12541W209 10648 152600 SH SOLE NONE X 0 0 Charles Schwab Corp/The COMMON 808513105 6517 578800 SH SOLE NONE X 0 0 Chesapeake Energy Corp COMMON 165167107 8428 378100 SH SOLE NONE X 0 0 Chevron Corp COMMON 166764100 218226 2051000 SH SOLE NONE X 0 0 Chipotle Mexican Grill Inc COMMON 169656105 10916 32320 SH SOLE NONE X 0 0 Chubb Corp/The COMMON 171232101 22448 324300 SH SOLE NONE X 0 0 Church & Dwight Co Inc COMMON 171340102 2155 47100 SH SOLE NONE X 0 0 Cia de Minas Buenaventura SA ADR 204448104 16058 418829 SH SOLE NONE X 0 0 CIGNA Corp COMMON 125509109 11617 276600 SH SOLE NONE X 0 0 Cincinnati Financial Corp COMMON 172062101 2811 92300 SH SOLE NONE X 0 0 Cintas Corp COMMON 172908105 4059 116600 SH SOLE NONE X 0 0 Cisco Systems Inc COMMON 17275R102 95786 5297900 SH SOLE NONE X 0 0 Citigroup Inc COMMON 172967424 77145 2932150 SH SOLE NONE X 0 0 Citrix Systems Inc COMMON 177376100 10189 167800 SH SOLE NONE X 0 0 Cliffs Natural Resources Inc COMMON 18683K101 9081 145640 SH SOLE NONE X 0 0 Clorox Co/The COMMON 189054109 9744 146400 SH SOLE NONE X 0 0 CME Group Inc COMMON 12572Q105 14961 61400 SH SOLE NONE X 0 0 CMS Energy Corp COMMON 125896100 3906 176900 SH SOLE NONE X 0 0 Coach Inc COMMON 189754104 27053 443200 SH SOLE NONE X 0 0 Cobalt International Energy Inc COMMON 19075F106 637 41040 SH SOLE NONE X 0 0 Cobalt International Energy Inc COMMON 19075F106 497231 32035093 SH OTHER NONE 0 X 0 Coca-Cola Co, The COMMON 191216100 156782 2240700 SH SOLE NONE X 0 0 Coca-Cola Enterprises Inc COMMON 19122T109 8342 323600 SH SOLE NONE X 0 0 Cognizant Technology Solutions Corp COMMON 192446102 24181 376000 SH SOLE NONE X 0 0 Colgate-Palmolive Co COMMON 194162103 47027 509000 SH SOLE NONE X 0 0 Comcast Corp COMMON 20030N101 65646 2768700 SH SOLE NONE X 0 0 Comcast Corp COMMON 20030N200 6272 266200 SH SOLE NONE X 0 0 Comerica Inc COMMON 200340107 7738 299904 SH SOLE NONE X 0 0 Compagnie des chemins de fer nationaux COMMON 136375102 320692 4074164 SH SOLE NONE X 0 0 Compagnie Petroliere Imperiale Ltee COMMON 453038408 110074 2469337 SH SOLE NONE X 0 0 Computer Sciences Corp COMMON 205363104 3299 139200 SH SOLE NONE X 0 0 ConAgra Foods Inc COMMON 205887102 12165 460800 SH SOLE NONE X 0 0 Concho Resources Inc COMMON 20605P101 2260 24105 SH SOLE NONE X 0 0 ConocoPhillips COMMON 20825C104 90220 1238100 SH SOLE NONE X 0 0 Consol Energy Inc COMMON 20854P109 7882 214765 SH SOLE NONE X 0 0 Consolidated Edison Inc COMMON 209115104 20191 325500 SH SOLE NONE X 0 0 Constellation Energy Group Inc COMMON 210371100 8101 204200 SH SOLE NONE X 0 0 Continental Resources Inc COMMON 212015101 985 14768 SH SOLE NONE X 0 0 Cooper Industries PLC COMMON G24140108 18693 345200 SH SOLE NONE X 0 0 Corning Inc COMMON 219350105 24970 1923700 SH SOLE NONE X 0 0 Costco Wholesale Corp COMMON 22160K105 40285 483500 SH SOLE NONE X 0 0 Covance Inc COMMON 222816100 512 11200 SH SOLE NONE X 0 0 Coventry Health Care Inc COMMON 222862104 3915 128900 SH SOLE NONE X 0 0 Covidien Plc COMMON G2554F113 35801 795400 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Credicorp Ltd COMMON G2519Y108 16341 149272 SH SOLE NONE X 0 0 Cree Inc COMMON 225447101 472 21400 SH SOLE NONE X 0 0 Crown Castle International Corp COMMON 228227104 4207 93900 SH SOLE NONE X 0 0 Crown Holdings Inc COMMON 228368106 1572 46800 SH SOLE NONE X 0 0 CSX Corp COMMON 126408103 24971 1185700 SH SOLE NONE X 0 0 Cubist Pharmaceuticals Inc NOTE 229678AD9 11742 7800000 PRN SOLE NONE X 0 0 Cummins Inc COMMON 231021106 23871 271200 SH SOLE NONE X 0 0 CVR Energy Inc COMMON 12662P108 1873 100000 SH SOLE NONE X 0 0 CVS Caremark Corp COMMON 126650100 61761 1514500 SH SOLE NONE X 0 0 Danaher Corp COMMON 235851102 26742 568500 SH SOLE NONE X 0 0 Darden Restaurants Inc COMMON 237194105 2808 61600 SH SOLE NONE X 0 0 DaVita Inc COMMON 23918K108 10795 142399 SH SOLE NONE X 0 0 DDR CORP NOTE 251591AS2 9078 9000000 PRN SOLE NONE X 0 0 Dean Foods Co COMMON 242370104 1435 128100 SH SOLE NONE X 0 0 Deckers Outdoor Corp COMMON 243537107 3401 45000 SH SOLE NONE X 0 0 Deckers Outdoor Corp LISTED OPTION 243537107 -5 -150 SH CALL SOLE NONE X 0 0 Deere & Co COMMON 244199105 33276 430200 SH SOLE NONE X 0 0 Dell Inc COMMON 24702R101 22339 1526900 SH SOLE NONE X 0 0 Delta Air Lines Inc COMMON 247361702 561 69400 SH SOLE NONE X 0 0 Demand Media Inc COMMON 24802N109 3126 470000 SH SOLE NONE X 0 0 Denbury Resources Inc COMMON 247916208 8716 577195 SH SOLE NONE X 0 0 Deutsche Bank AG COMMON D18190898 45695 1195856 SH SOLE NONE X 0 0 Devon Energy Corp COMMON 25179M103 22481 362600 SH SOLE NONE X 0 0 DeVry Inc COMMON 251893103 2454 63800 SH SOLE NONE X 0 0 Diamond Offshore Drilling Inc COMMON 25271C102 3951 71500 SH SOLE NONE X 0 0 Digital Realty Trust Inc REIT 253868103 1000 15000 SH SOLE NONE X 0 0 DIRECTV COMMON 25490A101 34110 797700 SH SOLE NONE X 0 0 Discover Financial Services COMMON 254709108 14232 593000 SH SOLE NONE X 0 0 Discovery Communications Inc COMMON 25470F104 9490 231639 SH SOLE NONE X 0 0 Discovery Communications Inc COMMON 25470F302 1561 41400 SH SOLE NONE X 0 0 DISH Network Corp COMMON 25470M109 2421 85000 SH SOLE NONE X 0 0 Dolby Laboratories Inc COMMON 25659T107 314 10300 SH SOLE NONE X 0 0 Dollar General Corp COMMON 256677105 2846 69186 SH SOLE NONE X 0 0 Dollar Tree Inc COMMON 256746108 13854 166700 SH SOLE NONE X 0 0 Dominion Resources Inc COMMON 25746U109 33600 633000 SH SOLE NONE X 0 0 Dover Corp COMMON 260003108 9932 171100 SH SOLE NONE X 0 0 Dow Chemical Co/The COMMON 260543103 37155 1291900 SH SOLE NONE X 0 0 DR Horton Inc COMMON 23331A109 3638 288500 SH SOLE NONE X 0 0 Dr Pepper Snapple Group Inc COMMON 26138E109 4805 121700 SH SOLE NONE X 0 0 Dresser-Rand Group Inc COMMON 261608103 2496 50000 SH SOLE NONE X 0 0 DryShips Inc COMMON Y2109Q101 10000 5000000 SH SOLE NONE X 0 0 DTE Energy Co COMMON 233331107 9496 174400 SH SOLE NONE X 0 0 Duke Energy Corp COMMON 26441C105 28178 1280800 SH SOLE NONE X 0 0 Duke Realty Corp REIT 264411505 461 38264 SH SOLE NONE X 0 0 Dun & Bradstreet Corp/The COMMON 26483E100 3771 50400 SH SOLE NONE X 0 0 E*Trade Financial Corp COMMON 269246401 1410 177126 SH SOLE NONE X 0 0 Eastman Chemical Co COMMON 277432100 5472 140100 SH SOLE NONE X 0 0 Eaton Corp COMMON 278058102 12941 297300 SH SOLE NONE X 0 0 eBay Inc COMMON 278642103 34212 1128000 SH SOLE NONE X 0 0 Ecolab Inc COMMON 278865100 18967 328100 SH SOLE NONE X 0 0 Edison International COMMON 281020107 14718 355500 SH SOLE NONE X 0 0 Edwards Lifesciences Corp COMMON 28176E108 7176 101500 SH SOLE NONE X 0 0 EI Du Pont de Nemours & Co COMMON 263534109 46398 1013500 SH SOLE NONE X 0 0 El Paso Corp COMMON 28336L109 21057 792500 SH SOLE NONE X 0 0 Elbit Systems Ltd COMMON M3760D101 1288 31468 SH SOLE NONE X 0 0 Eldorado Gold Corp COMMON 284902103 135926 9872102 SH SOLE NONE X 0 0 Electronic Arts Inc COMMON 285512109 11489 557700 SH SOLE NONE X 0 0 Eli Lilly & Co COMMON 532457108 36290 873200 SH SOLE NONE X 0 0 EMC Corp COMMON 268648102 43170 2004200 SH SOLE NONE X 0 0 Emerson Electric Co COMMON 291011104 34546 741500 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Enbridge Energy Partners LP LIMITED 29250R106 619136 18654304 SH SOLE NONE X 0 0 PARTNERSHIP Enbridge Inc. COMMON 29250N105 2596254 69400000 SH SOLE NONE X 0 0 EnCana Corporation COMMON 292505104 70805 3816669 SH SOLE NONE X 0 0 Endo Pharmaceuticals Holdings Inc COMMON 29264F205 5007 145000 SH SOLE NONE X 0 0 Endo Pharmaceuticals Holdings Inc NOTE 29264FAB2 8445 6500000 PRN SOLE NONE X 0 0 Energen Corp COMMON 29265N108 885 17700 SH SOLE NONE X 0 0 Energizer Holdings Inc COMMON 29266R108 7949 102600 SH SOLE NONE X 0 0 Energy XXI Bermuda Ltd COMMON G10082140 6376 200000 SH SOLE NONE X 0 0 Ensco PLC ADR 29358Q109 7273 155000 SH SOLE NONE X 0 0 Entergy Corp COMMON 29364G103 10665 146000 SH SOLE NONE X 0 0 Entree Gold Inc COMMON 29383G100 15095 12296400 SH SOLE NONE X 0 0 EOG Resources Inc COMMON 26875P101 27228 276400 SH SOLE NONE X 0 0 EQT Corp COMMON 26884L109 3261 59518 SH SOLE NONE X 0 0 Equifax Inc COMMON 294429105 4846 125100 SH SOLE NONE X 0 0 Equity Residential REIT 29476L107 15814 277300 SH SOLE NONE X 0 0 Estee Lauder Cos Inc, The COMMON 518439104 14287 127200 SH SOLE NONE X 0 0 Everest Re Group Ltd COMMON G3223R108 698 8300 SH SOLE NONE X 0 0 Exelon Corp COMMON 30161N101 31955 736800 SH SOLE NONE X 0 0 Expedia Inc COMMON 30212P303 2879 99200 SH SOLE NONE X 0 0 Expeditors International of Washington COMMON 302130109 5669 138400 SH SOLE NONE X 0 0 Express Inc COMMON 30219E103 8175 410000 SH SOLE NONE X 0 0 Express Scripts Inc COMMON 302182100 24593 550300 SH SOLE NONE X 0 0 Exxon Mobil Corp COMMON 30231G102 419544 4949787 SH SOLE NONE X 0 0 F5 Networks Inc COMMON 315616102 1023 9644 SH SOLE NONE X 0 0 Family Dollar Stores Inc COMMON 307000109 7029 121900 SH SOLE NONE X 0 0 Fastenal Co COMMON 311900104 10432 239200 SH SOLE NONE X 0 0 Federal Realty Investment Trust REIT 313747206 862 9500 SH SOLE NONE X 0 0 FedEx Corp COMMON 31428X106 41438 496200 SH SOLE NONE X 0 0 Fidelity National Financial Inc COMMON 31620R105 513 32200 SH SOLE NONE X 0 0 Fidelity National Information Services COMMON 31620M106 6334 238200 SH SOLE NONE X 0 0 Fifth Third Bancorp COMMON 316773100 11130 875000 SH SOLE NONE X 0 0 Finish Line Inc/The COMMON 317923100 3865 200400 SH SOLE NONE X 0 0 First Horizon National Corp COMMON 320517105 1472 183978 SH SOLE NONE X 0 0 First Solar Inc COMMON 336433107 1664 49300 SH SOLE NONE X 0 0 FirstEnergy Corp COMMON 337932107 20593 464846 SH SOLE NONE X 0 0 Fiserv Inc COMMON 337738108 7425 126400 SH SOLE NONE X 0 0 Flextronics International Ltd COMMON Y2573F102 810 143100 SH SOLE NONE X 0 0 Flir Systems Inc COMMON 302445101 3527 140700 SH SOLE NONE X 0 0 Flowserve Corp COMMON 34354P105 5691 57300 SH SOLE NONE X 0 0 Fluor Corp COMMON 343412102 8844 176000 SH SOLE NONE X 0 0 FMC Corp COMMON 302491303 6169 71700 SH SOLE NONE X 0 0 FMC Technologies Inc COMMON 30249U101 9187 175900 SH SOLE NONE X 0 0 Ford Motor Company COMMON 345370860 44315 4118500 SH SOLE NONE X 0 0 Forest Laboratories Inc COMMON 345838106 7889 260700 SH SOLE NONE X 0 0 Formfactor Inc COMMON 346375108 3669 725000 SH SOLE NONE X 0 0 Fossil Inc COMMON 349882100 1397 17600 SH SOLE NONE X 0 0 Franco-Nevada Corp COMMON 351858105 107552 2824000 SH SOLE NONE X 0 0 Franklin Resources Inc COMMON 354613101 13275 138200 SH SOLE NONE X 0 0 Freeport-McMoRan Copper & Gold Inc COMMON 35671D857 38129 1036400 SH SOLE NONE X 0 0 Freeport-McMoRan Copper & Gold Inc LISTED OPTION 35671D857 2633 40000 SH PUT SOLE NONE X 0 0 Frontier Communications Corp COMMON 35906A108 5280 1025185 SH SOLE NONE X 0 0 GameStop Corp COMMON 36467W109 3461 143452 SH SOLE NONE X 0 0 Gannett Co Inc COMMON 364730101 2246 168000 SH SOLE NONE X 0 0 Gap Inc/The COMMON 364760108 7446 401400 SH SOLE NONE X 0 0 Gardner Denver Inc COMMON 365558105 11559 150000 SH SOLE NONE X 0 0 Garmin Ltd COMMON H2906T109 1521 38200 SH SOLE NONE X 0 0 General Dynamics Corp COMMON 369550108 18323 275900 SH SOLE NONE X 0 0 General Electric Co COMMON 369604103 210491 11752700 SH SOLE NONE X 0 0 General Mills Inc COMMON 370334104 28954 716500 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- General Motors Co COMMON 37045V100 6482 319800 SH SOLE NONE X 0 0 Genuine Parts Co COMMON 372460105 9841 160800 SH SOLE NONE X 0 0 Genworth Financial, Inc. COMMON 37247D106 2074 316700 SH SOLE NONE X 0 0 Gilead Sciences Inc COMMON 375558103 30010 733200 SH SOLE NONE X 0 0 GNC Holdings Inc COMMON 36191G107 2895 100000 SH SOLE NONE X 0 0 Goldcorp Inc COMMON 380956409 423341 9534762 SH SOLE NONE X 0 0 Goldman Sachs Group, Inc., The COMMON 38141G104 41381 457600 SH SOLE NONE X 0 0 Goodrich Corp COMMON 382388106 15945 128900 SH SOLE NONE X 0 0 Goodrich Petroleum Corp COMMON 382410405 687 50000 SH SOLE NONE X 0 0 Goodyear Tire & Rubber Company COMMON 382550101 3552 250700 SH SOLE NONE X 0 0 Google Inc COMMON 38259P508 167159 258800 SH SOLE NONE X 0 0 Green Mountain Coffee Roasters Inc COMMON 393122106 1914 42679 SH SOLE NONE X 0 0 Groupe CGI inc. COMMON 39945C109 404073 21429552 SH SOLE NONE X 0 0 Gulfport Energy Corp COMMON 402635304 6273 213000 SH SOLE NONE X 0 0 H&R Block Inc COMMON 093671105 4995 305900 SH SOLE NONE X 0 0 Halliburton Co COMMON 406216101 37816 1095800 SH SOLE NONE X 0 0 Hanesbrands Inc COMMON 410345102 2186 100000 SH SOLE NONE X 0 0 Harley-Davidson Inc COMMON 412822108 10102 259900 SH SOLE NONE X 0 0 Harman International Industries Inc COMMON 413086109 1856 48800 SH SOLE NONE X 0 0 Harris Corp COMMON 413875105 3781 104900 SH SOLE NONE X 0 0 Hartford Financial Services Group Inc COMMON 416515104 6127 377041 SH SOLE NONE X 0 0 Harvest Natural Resources Inc COMMON 41754V103 2066 280000 SH SOLE NONE X 0 0 HCA Holdings Inc COMMON 40412C101 1026 46578 SH SOLE NONE X 0 0 HCP Inc REIT 40414L109 14418 348000 SH SOLE NONE X 0 0 Health Care REIT Inc REIT 42217K106 8828 161900 SH SOLE NONE X 0 0 Helmerich & Payne Inc COMMON 423452101 5911 101279 SH SOLE NONE X 0 0 Henry Schein Inc COMMON 806407102 1102 17100 SH SOLE NONE X 0 0 Herbalife Ltd COMMON G4412G101 2010 38900 SH SOLE NONE X 0 0 Hershey Co, The COMMON 427866108 10861 175800 SH SOLE NONE X 0 0 Hertz Global Holdings Inc COMMON 42805T105 1041 88818 SH SOLE NONE X 0 0 Hess Corp COMMON 42809H107 22090 388900 SH SOLE NONE X 0 0 Hewlett-Packard Co COMMON 428236103 50737 1969600 SH SOLE NONE X 0 0 Hibbett Sports Inc COMMON 428567101 1477 32700 SH SOLE NONE X 0 0 Hilltop Holdings Inc COMMON 432748101 338 40000 SH SOLE NONE X 0 0 hiSoft Technology International Ltd ADR 43358R108 1477 160000 SH SOLE NONE X 0 0 HJ Heinz Co COMMON 423074103 7360 136200 SH SOLE NONE X 0 0 HollyFrontier Corp COMMON 436106108 1196 51100 SH SOLE NONE X 0 0 Hologic Inc COMMON 436440101 853 48700 SH SOLE NONE X 0 0 Home Depot Inc/The COMMON 437076102 75790 1802800 SH SOLE NONE X 0 0 Honeywell International Inc COMMON 438516106 42795 787400 SH SOLE NONE X 0 0 Horace Mann Educators Corp COMMON 440327104 850 62000 SH SOLE NONE X 0 0 Hormel Foods Corp COMMON 440452100 4250 145100 SH SOLE NONE X 0 0 Hospira Inc COMMON 441060100 4440 146200 SH SOLE NONE X 0 0 Host Hotels & Resorts Inc REIT 44107P104 8903 602800 SH SOLE NONE X 0 0 Humana Inc COMMON 444859102 12765 145700 SH SOLE NONE X 0 0 Huntington Bancshares Inc COMMON 446150104 3330 606600 SH SOLE NONE X 0 0 Hyperdynamics Corp COMMON 448954107 368 150000 SH SOLE NONE X 0 0 IDEX Corp COMMON 45167R104 13731 370000 SH SOLE NONE X 0 0 IHS Inc COMMON 451734107 1189 13800 SH SOLE NONE X 0 0 Illinois Tool Works Inc COMMON 452308109 21034 450300 SH SOLE NONE X 0 0 Illumina Inc COMMON 452327109 704 23100 SH SOLE NONE X 0 0 Imris Inc COMMON 45322N105 11094 4093100 SH SOLE NONE X 0 0 Infinity Property & Casualty Corp COMMON 45665Q103 3629 63960 SH SOLE NONE X 0 0 Ingersoll-Rand Plc COMMON G47791101 8983 294800 SH SOLE NONE X 0 0 Integrys Energy Group Inc COMMON 45822P105 4351 80300 SH SOLE NONE X 0 0 Intel Corp COMMON 458140100 121968 5029600 SH SOLE NONE X 0 0 IntercontinentalExchange Inc COMMON 45865V100 11332 94000 SH SOLE NONE X 0 0 International Business Machines Corp COMMON 459200101 198462 1079300 SH SOLE NONE X 0 0 International Flavors & Fragrances Inc COMMON 459506101 4288 81800 SH SOLE NONE X 0 0 International Game Technology COMMON 459902102 5268 306300 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- International Paper Co COMMON 460146103 13891 469300 SH SOLE NONE X 0 0 InterOil Corp COMMON 460951106 7925 155000 SH SOLE NONE X 0 0 Interpublic Group of Cos Inc COMMON 460690100 4678 480800 SH SOLE NONE X 0 0 Intuit Inc COMMON 461202103 7026 133600 SH SOLE NONE X 0 0 Intuit Inc LISTED OPTION 461202103 -38 -1250 SH CALL SOLE NONE X 0 0 Intuitive Surgical Inc COMMON 46120E602 17502 37800 SH SOLE NONE X 0 0 Invesco Ltd COMMON G491BT108 8737 434900 SH SOLE NONE X 0 0 Iron Mountain Inc COMMON 462846106 5861 190300 SH SOLE NONE X 0 0 iShares Dow Jones US Financial Services ETF 464287770 1678 37060 SH SOLE NONE X 0 0 iShares MSCI Brazil Index Fund ETF 464286400 234 4070 SH SOLE NONE X 0 0 iShares MSCI EAFE Index Fund ETF 464287465 8759 176850 SH SOLE NONE X 0 0 iShares MSCI Italy Index Fund ETF 464286855 5995 500000 SH SOLE NONE X 0 0 iShares MSCI Japan Index Fund ETF 464286848 5466 600000 SH SOLE NONE X 0 0 iShares S&P Global Energy Sector Index ETF 464287341 1214 31800 SH SOLE NONE X 0 0 iShares S&P Global Financials Sector In ETF 464287333 3715 103830 SH SOLE NONE X 0 0 iShares S&P Global Healthcare Sector In ETF 464287325 3289 58600 SH SOLE NONE X 0 0 iShares S&P Global Technology Sector In ETF 464287291 1265 21540 SH SOLE NONE X 0 0 iShares S&P MidCap 400 Index Fund ETF 464287507 479 5470 SH SOLE NONE X 0 0 Ivanhoe Energy Inc COMMON 465790103 21386 19442822 SH SOLE NONE X 0 0 Ivanhoe Mines Ltd COMMON 46579N103 546272 30748555 SH SOLE NONE X 0 0 Jabil Circuit Inc COMMON 466313103 2528 128600 SH SOLE NONE X 0 0 Jacobs Engineering Group Inc COMMON 469814107 5348 131800 SH SOLE NONE X 0 0 Jarden Corp COMMON 471109108 2988 100000 SH SOLE NONE X 0 0 JB Hunt Transport Services Inc COMMON 445658107 1424 31600 SH SOLE NONE X 0 0 JC Penney Co Inc COMMON 708160106 5371 152800 SH SOLE NONE X 0 0 JDS Uniphase Corp COMMON 46612J507 1680 160900 SH SOLE NONE X 0 0 JetBlue Airways Corp COMMON 477143101 5200 1000000 SH SOLE NONE X 0 0 JM Smucker Co/The COMMON 832696405 9177 117400 SH SOLE NONE X 0 0 Johnson & Johnson COMMON 478160104 167773 2558300 SH SOLE NONE X 0 0 Johnson Controls Inc COMMON 478366107 22066 705900 SH SOLE NONE X 0 0 Joy Global Inc COMMON 481165108 16366 218300 SH SOLE NONE X 0 0 JPMorgan Chase & Co COMMON 46625H100 121885 3665700 SH SOLE NONE X 0 0 Juniper Networks Inc COMMON 48203R104 10550 516900 SH SOLE NONE X 0 0 Kansas City Southern COMMON 485170302 2448 36000 SH SOLE NONE X 0 0 KBR Inc COMMON 48242W106 1380 49500 SH SOLE NONE X 0 0 Kellogg Co COMMON 487836108 24663 487700 SH SOLE NONE X 0 0 Keycorp COMMON 493267108 8177 1063300 SH SOLE NONE X 0 0 Kimberly-Clark Corp COMMON 494368103 28482 387200 SH SOLE NONE X 0 0 Kimco Realty Corp REIT 49446R109 4667 287400 SH SOLE NONE X 0 0 Kinder Morgan Inc/Delaware COMMON 49456B101 4380 136155 SH SOLE NONE X 0 0 Kinross Gold Corp COMMON 496902404 211789 18542931 SH SOLE NONE X 0 0 Kla-Tencor Corp COMMON 482480100 7223 149700 SH SOLE NONE X 0 0 Kodiak Oil & Gas Corp COMMON 50015Q100 4275 450000 SH SOLE NONE X 0 0 Kohl's Corp COMMON 500255104 14178 287300 SH SOLE NONE X 0 0 Kraft Foods Inc COMMON 50075N104 72007 1927382 SH SOLE NONE X 0 0 Kroger Co/The COMMON 501044101 15857 654700 SH SOLE NONE X 0 0 L-3 Communications Holdings Inc COMMON 502424104 6981 104700 SH SOLE NONE X 0 0 Laboratory Corp of America Holdings COMMON 50540R409 1152 13400 SH SOLE NONE X 0 0 Lam Research Corp COMMON 512807108 896 24200 SH SOLE NONE X 0 0 Las Vegas Sands Corp COMMON 517834107 6392 149600 SH SOLE NONE X 0 0 Legg Mason Inc COMMON 524901105 2597 108000 SH SOLE NONE X 0 0 Leggett & Platt Inc COMMON 524660107 3322 144200 SH SOLE NONE X 0 0 Lennar Corporation COMMON 526057104 2205 112200 SH SOLE NONE X 0 0 Leucadia National Corp COMMON 527288104 3879 170600 SH SOLE NONE X 0 0 Level 3 Communications Inc COMMON 52729N308 851 50093 SH SOLE NONE X 0 0 Lexmark International Inc COMMON 529771107 1657 50100 SH SOLE NONE X 0 0 Liberty Global Inc COMMON 530555101 1928 47000 SH SOLE NONE X 0 0 Liberty Global Inc COMMON 530555309 1537 38900 SH SOLE NONE X 0 0 Liberty Interactive Corp COMMON 53071M104 3047 187900 SH SOLE NONE X 0 0 Liberty Media Corp NOTE 530715AG6 11122 20000000 PRN 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Liberty Media Corp - Liberty Capital COMMON 530322106 2779 35600 SH SOLE NONE X 0 0 Liberty Property Trust REIT 531172104 543 17600 SH SOLE NONE X 0 0 Life Technologies Corp COMMON 53217V109 1498 38500 SH SOLE NONE X 0 0 Limelight Networks Inc COMMON 53261M104 5549 1874665 SH SOLE NONE X 0 0 Lincoln National Corp COMMON 534187109 5020 258500 SH SOLE NONE X 0 0 Linear Technology Corp COMMON 535678106 2535 84400 SH SOLE NONE X 0 0 Loews Corp COMMON 540424108 7142 189700 SH SOLE NONE X 0 0 Lorillard Inc COMMON 544147101 17271 151500 SH SOLE NONE X 0 0 Lowe's Cos Inc COMMON 548661107 27933 1100600 SH SOLE NONE X 0 0 LSI Corp COMMON 502161102 3020 507600 SH SOLE NONE X 0 0 Ltd Brands Inc COMMON 532716107 10326 255900 SH SOLE NONE X 0 0 LyondellBasell Industries NV COMMON N53745100 3633 111830 SH SOLE NONE X 0 0 M&T Bank Corp COMMON 55261F104 8744 114545 SH SOLE NONE X 0 0 Macerich Co/The REIT 554382101 1011 19977 SH SOLE NONE X 0 0 Macy's Inc COMMON 55616P104 13989 434700 SH SOLE NONE X 0 0 Manitowoc Co Inc/The COMMON 563571108 5055 550000 SH SOLE NONE X 0 0 Manpower Inc COMMON 56418H100 959 26830 SH SOLE NONE X 0 0 Marathon Oil Corp COMMON 565849106 24200 826800 SH SOLE NONE X 0 0 Marathon Petroleum Corp COMMON 56585A102 12201 366500 SH SOLE NONE X 0 0 Marriott International Inc, DE COMMON 571903202 8865 303900 SH SOLE NONE X 0 0 Marsh & McLennan Cos Inc COMMON 571748102 18156 574200 SH SOLE NONE X 0 0 Martin Marietta Materials Inc COMMON 573284106 1071 14200 SH SOLE NONE X 0 0 Marvell Technology Group Ltd COMMON G5876H105 1409 101700 SH SOLE NONE X 0 0 Marvell Technology Group Ltd LISTED OPTION G5876H105 17 1500 SH PUT SOLE NONE X 0 0 Masco Corp COMMON 574599106 3855 367800 SH SOLE NONE X 0 0 Mastercard Inc COMMON 57636Q104 39109 104900 SH SOLE NONE X 0 0 Mattel Inc COMMON 577081102 18882 680200 SH SOLE NONE X 0 0 MaxLinear Inc COMMON 57776J100 4893 1030000 SH SOLE NONE X 0 0 McCormick & Co Inc COMMON 579780206 6676 132400 SH SOLE NONE X 0 0 McDonald's Corp COMMON 580135101 114466 1140900 SH SOLE NONE X 0 0 McGraw-Hill Cos Inc, The COMMON 580645109 14813 329400 SH SOLE NONE X 0 0 McKesson Corp COMMON 58155Q103 24394 313100 SH SOLE NONE X 0 0 MDU Resources Group Inc COMMON 552690109 1328 61900 SH SOLE NONE X 0 0 Mead Johnson Nutrition Co COMMON 582839106 14420 209800 SH SOLE NONE X 0 0 Mead Johnson Nutrition Co LISTED OPTION 582839106 -25 -150 SH PUT SOLE NONE X 0 0 MeadWestvaco Corp COMMON 583334107 5178 172900 SH SOLE NONE X 0 0 Mechel ADR 583840103 2726 320692 SH SOLE NONE X 0 0 Medco Health Solutions Inc COMMON 58405U102 20946 374700 SH SOLE NONE X 0 0 Medicis Pharmaceutical Corp COMMON 584690309 3325 100000 SH SOLE NONE X 0 0 Medtronic Inc COMMON 585055106 33622 879000 SH SOLE NONE X 0 0 Medtronic Inc NOTE 585055AM8 66794 66000000 PRN SOLE NONE X 0 0 Merck & Co Inc COMMON 58933Y105 119196 3161700 SH SOLE NONE X 0 0 Mercury General Corp COMMON 589400100 2445 53600 SH SOLE NONE X 0 0 MetLife, Inc. COMMON 59156R108 28776 922900 SH SOLE NONE X 0 0 MetroPCS Communications Inc COMMON 591708102 2497 287700 SH SOLE NONE X 0 0 MGM Resorts International COMMON 552953101 1170 112200 SH SOLE NONE X 0 0 Michael Kors Holdings Ltd COMMON G60754101 2752 101000 SH SOLE NONE X 0 0 Microchip Technology Inc COMMON 595017104 6282 171500 SH SOLE NONE X 0 0 Micron Technology Inc COMMON 595112103 5473 870100 SH SOLE NONE X 0 0 Microsoft Corp COMMON 594918104 190679 7345100 SH SOLE NONE X 0 0 Mines Agnico-Eagle Limitee COMMON 008474108 108570 2983834 SH SOLE NONE X 0 0 Mobile Telesystems OJSC ADR 607409109 16692 1137035 SH SOLE NONE X 0 0 Mohawk Industries Inc COMMON 608190104 1143 19100 SH SOLE NONE X 0 0 Molex Inc COMMON 608554200 19220 971694 SH SOLE NONE X 0 0 Molson Coors Brewing Co COMMON 60871R209 7154 164300 SH SOLE NONE X 0 0 Monsanto Co COMMON 61166W101 40998 585100 SH SOLE NONE X 0 0 Monster Beverage Corp COMMON 411310105 2276 24700 SH SOLE NONE X 0 0 Moody's Corp COMMON 615369105 4991 148200 SH SOLE NONE X 0 0 Morgan Stanley COMMON 617446448 20860 1378700 SH SOLE NONE X 0 0 Mosaic Co/The COMMON 61945C103 16576 328700 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Motorola Mobility Holdings Inc COMMON 620097105 9332 240524 SH SOLE NONE X 0 0 Motorola Solutions Inc COMMON 620076307 13268 286628 SH SOLE NONE X 0 0 Motricity Inc COMMON 620107102 1215 1350000 SH SOLE NONE X 0 0 Murphy Oil Corp COMMON 626717102 10914 195800 SH SOLE NONE X 0 0 Mylan Inc/PA COMMON 628530107 8123 378500 SH SOLE NONE X 0 0 Nabors Industries Ltd COMMON G6359F103 4720 272200 SH SOLE NONE X 0 0 NASDAQ OMX Group Inc/The COMMON 631103108 2642 107800 SH SOLE NONE X 0 0 National Oilwell Varco Inc COMMON 637071101 29616 435600 SH SOLE NONE X 0 0 NetApp Inc COMMON 64110D104 18088 498700 SH SOLE NONE X 0 0 NetApp Inc NOTE 64110DAB0 4463 3500000 PRN SOLE NONE X 0 0 NetFlix Inc COMMON 64110L106 3886 56081 SH SOLE NONE X 0 0 NetQin Mobile Inc ADR 64118U108 1713 325000 SH SOLE NONE X 0 0 New Gold Inc COMMON 644535106 1689 167300 SH SOLE NONE X 0 0 Newell Rubbermaid Inc COMMON 651229106 4827 298900 SH SOLE NONE X 0 0 Newfield Exploration Co COMMON 651290108 4750 125900 SH SOLE NONE X 0 0 Newmont Mining Corp COMMON 651639106 32453 540800 SH SOLE NONE X 0 0 News Corporation COMMON 65248E104 40823 2288300 SH SOLE NONE X 0 0 News Corporation COMMON 65248E203 3271 179900 SH SOLE NONE X 0 0 Nexen Inc COMMON 65334H102 26926 1691357 SH SOLE NONE X 0 0 NextEra Energy Inc COMMON 65339F101 28060 460900 SH SOLE NONE X 0 0 NII Holdings Inc COMMON 62913F201 1195 56100 SH SOLE NONE X 0 0 Nike Inc COMMON 654106103 31523 327100 SH SOLE NONE X 0 0 NiSource Inc COMMON 65473P105 15222 639300 SH SOLE NONE X 0 0 Noble Corp COMMON H5833N103 7927 262300 SH SOLE NONE X 0 0 Noble Energy Inc COMMON 655044105 17066 180800 SH SOLE NONE X 0 0 Nordson Corp COMMON 655663102 9060 220000 SH SOLE NONE X 0 0 Nordstrom Inc COMMON 655664100 8436 169700 SH SOLE NONE X 0 0 Norfolk Southern Corp COMMON 655844108 24663 338500 SH SOLE NONE X 0 0 Northeast Utilities COMMON 664397106 6576 182300 SH SOLE NONE X 0 0 Northern Trust Corp COMMON 665859104 5425 136800 SH SOLE NONE X 0 0 Northrop Grumman Corp COMMON 666807102 11205 191600 SH SOLE NONE X 0 0 Novellus Systems Inc COMMON 670008101 1928 46700 SH SOLE NONE X 0 0 NRG Energy Inc COMMON 629377508 4361 240680 SH SOLE NONE X 0 0 NSTAR COMMON 67019E107 1601 34100 SH SOLE NONE X 0 0 Nuance Communications Inc COMMON 67020Y100 1203 47800 SH SOLE NONE X 0 0 Nucor Corp COMMON 670346105 13699 346200 SH SOLE NONE X 0 0 NuVasive Inc COMMON 670704105 3022 240000 SH SOLE NONE X 0 0 Nvidia Corp COMMON 67066G104 3213 231800 SH SOLE NONE X 0 0 NYSE Euronext COMMON 629491101 6392 244900 SH SOLE NONE X 0 0 Occidental Petroleum Corp COMMON 674599105 84780 904800 SH SOLE NONE X 0 0 Ocean Rig UDW Inc COMMON Y64354205 443 36328 SH SOLE NONE X 0 0 Oceaneering International Inc COMMON 675232102 6920 150000 SH SOLE NONE X 0 0 OCZ Technology Group Inc COMMON 67086E303 4462 675000 SH SOLE NONE X 0 0 Oil States International Inc COMMON 678026105 9164 120000 SH SOLE NONE X 0 0 Omnicare Inc COMMON 681904108 741 21500 SH SOLE NONE X 0 0 Omnicare Inc NOTE 681904AN8 7108 5000000 PRN SOLE NONE X 0 0 Omnicom Group Inc COMMON 681919106 13740 308200 SH SOLE NONE X 0 0 Oneok Inc COMMON 682680103 9066 104575 SH SOLE NONE X 0 0 Open Text Corp COMMON 683715106 12608 245800 SH SOLE NONE X 0 0 Oracle Corp COMMON 68389X105 101923 3973600 SH SOLE NONE X 0 0 Orbital Sciences Corp COMMON 685564106 5812 400000 SH SOLE NONE X 0 0 O'Reilly Automotive Inc COMMON 67103H107 10769 134700 SH SOLE NONE X 0 0 Owens-Illinois Inc COMMON 690768403 3207 165500 SH SOLE NONE X 0 0 Paccar Inc COMMON 693718108 10724 286200 SH SOLE NONE X 0 0 Pall Corp COMMON 696429307 6801 119000 SH SOLE NONE X 0 0 PAN American Silver Corp COMMON 697900108 877 40100 SH SOLE NONE X 0 0 Panera Bread Co COMMON 69840W108 1499 10600 SH SOLE NONE X 0 0 Parker Hannifin Corp COMMON 701094104 8921 117000 SH SOLE NONE X 0 0 PartnerRe Ltd COMMON G6852T105 49716 774265 SH SOLE NONE X 0 0 Patterson Cos Inc COMMON 703395103 2341 79300 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Paychex Inc COMMON 704326107 9542 316900 SH SOLE NONE X 0 0 Peabody Energy Corp COMMON 704549104 9221 278500 SH SOLE NONE X 0 0 Pengrowth Energy Corp COMMON 70706P104 1237 117029 SH SOLE NONE X 0 0 People's United Financial Inc COMMON 712704105 2959 230250 SH SOLE NONE X 0 0 Pepco Holdings Inc COMMON 713291102 4742 233600 SH SOLE NONE X 0 0 PepsiCo Inc/NC COMMON 713448108 133072 2005613 SH SOLE NONE X 0 0 PerkinElmer Inc COMMON 714046109 1578 78900 SH SOLE NONE X 0 0 Perrigo Co COMMON 714290103 7872 80900 SH SOLE NONE X 0 0 Petroleo Brasileiro SA ADR 71654V408 24830 999212 SH SOLE NONE X 0 0 PetSmart Inc COMMON 716768106 5488 107000 SH SOLE NONE X 0 0 Pfizer Inc COMMON 717081103 168166 7771064 SH SOLE NONE X 0 0 PG&E Corp COMMON 69331C108 4518 109600 SH SOLE NONE X 0 0 Pharmasset Inc COMMON 71715N106 1615 12600 SH SOLE NONE X 0 0 Philip Morris International Inc COMMON 718172109 152149 1938700 SH SOLE NONE X 0 0 Pinnacle West Capital Corp COMMON 723484101 5415 112400 SH SOLE NONE X 0 0 Pioneer Natural Resources Co COMMON 723787107 18039 201600 SH SOLE NONE X 0 0 Pitney Bowes Inc COMMON 724479100 3827 206400 SH SOLE NONE X 0 0 Plains Exploration & Production Co COMMON 726505100 1263 34400 SH SOLE NONE X 0 0 Plum Creek Timber Co Inc REIT 729251108 5027 137500 SH SOLE NONE X 0 0 PMC - Sierra Inc COMMON 69344F106 3692 670000 SH SOLE NONE X 0 0 PNC Financial Services Group Inc COMMON 693475105 30968 536985 SH SOLE NONE X 0 0 Potash Corp of Saskatchewan Inc COMMON 73755L107 449125 10860175 SH SOLE NONE X 0 0 Powershares WilderHill Clean Energy Por ETF 73935X500 3042 600000 SH SOLE NONE X 0 0 PPG Industries Inc COMMON 693506107 13125 157200 SH SOLE NONE X 0 0 PPL Corp COMMON 69351T106 18908 642700 SH SOLE NONE X 0 0 Praxair Inc COMMON 74005P104 35127 328600 SH SOLE NONE X 0 0 Precision Castparts Corp COMMON 740189105 37935 230200 SH SOLE NONE X 0 0 Precision Drilling Corp COMMON 74022D308 789 76500 SH SOLE NONE X 0 0 priceline.com Inc COMMON 741503403 25864 55300 SH SOLE NONE X 0 0 Principal Financial Group Inc COMMON 74251V102 4371 177700 SH SOLE NONE X 0 0 ProAssurance Corp COMMON 74267C106 6365 79740 SH SOLE NONE X 0 0 Procter & Gamble Co/The COMMON 742718109 183913 2756900 SH SOLE NONE X 0 0 Progress Energy Inc COMMON 743263105 12761 227800 SH SOLE NONE X 0 0 Progressive Corp, The COMMON 743315103 11205 574300 SH SOLE NONE X 0 0 ProLogis Inc REIT 74340W103 12254 428605 SH SOLE NONE X 0 0 Prudential Financial Inc COMMON 744320102 20158 402200 SH SOLE NONE X 0 0 Public Service Enterprise Group Inc COMMON 744573106 18565 562400 SH SOLE NONE X 0 0 Public Storage REIT 74460D109 17950 133500 SH SOLE NONE X 0 0 PulteGroup Inc COMMON 745867101 1483 235100 SH SOLE NONE X 0 0 PVH CORP COMMON 693656100 9164 130000 SH SOLE NONE X 0 0 QEP Resources Inc COMMON 74733V100 4905 167400 SH SOLE NONE X 0 0 Qiagen NV COMMON N72482107 3893 281592 SH SOLE NONE X 0 0 Qualcomm Inc COMMON 747525103 89965 1644700 SH SOLE NONE X 0 0 Quanta Services Inc COMMON 74762E102 4655 216100 SH SOLE NONE X 0 0 Quest Diagnostics Inc COMMON 74834L100 8877 152900 SH SOLE NONE X 0 0 Quicksilver Resources Inc COMMON 74837R104 1342 200000 SH SOLE NONE X 0 0 Ralcorp Holdings Inc COMMON 751028101 1548 18100 SH SOLE NONE X 0 0 Ralph Lauren Corp COMMON 751212101 9035 65436 SH SOLE NONE X 0 0 Range Resources Corp COMMON 75281A109 9241 149200 SH SOLE NONE X 0 0 Rayonier Inc REIT 754907103 823 18450 SH SOLE NONE X 0 0 Raytheon Co COMMON 755111507 11505 237800 SH SOLE NONE X 0 0 RealD Inc COMMON 75604L105 1866 235000 SH SOLE NONE X 0 0 Red Hat Inc COMMON 756577102 4876 118100 SH SOLE NONE X 0 0 Regions Financial Corp COMMON 7591EP100 4038 939000 SH SOLE NONE X 0 0 RenaissanceRe Holdings Ltd COMMON G7496G103 588 7900 SH SOLE NONE X 0 0 Republic Services Inc COMMON 760759100 7835 284400 SH SOLE NONE X 0 0 Reynolds American Inc COMMON 761713106 15764 380600 SH SOLE NONE X 0 0 RF Micro Devices Inc COMMON 749941100 6218 1151500 SH SOLE NONE X 0 0 Ritchie Bros Auctioneers Inc COMMON 767744105 44791 2036100 SH SOLE NONE X 0 0 Riverbed Technology Inc COMMON 768573107 7050 300000 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Robert Half International Inc COMMON 770323103 4144 145600 SH SOLE NONE X 0 0 Rock-Tenn Co COMMON 772739207 1275 22100 SH SOLE NONE X 0 0 Rockwell Automation Inc COMMON 773903109 7814 106500 SH SOLE NONE X 0 0 Rockwell Collins Inc COMMON 774341101 8676 156700 SH SOLE NONE X 0 0 Rogers Communications Inc COMMON 775109200 27817 721643 SH SOLE NONE X 0 0 Roper Industries Inc COMMON 776696106 23385 269200 SH SOLE NONE X 0 0 Ross Stores Inc COMMON 778296103 11360 239000 SH SOLE NONE X 0 0 Rowan Cos Inc COMMON 779382100 3606 118900 SH SOLE NONE X 0 0 Royal Caribbean Cruises Ltd COMMON V7780T103 1144 46200 SH SOLE NONE X 0 0 Royal Dutch Shell PLC ADR 780259206 80705 1104189 SH SOLE NONE X 0 0 RR Donnelley & Sons Co COMMON 257867101 2779 192600 SH SOLE NONE X 0 0 Ryanair Holdings plc ADR 783513104 1432 51416 SH SOLE NONE X 0 0 Safeway Inc COMMON 786514208 5334 253500 SH SOLE NONE X 0 0 SAIC Inc COMMON 78390X101 3025 246100 SH SOLE NONE X 0 0 Salesforce.com Inc COMMON 79466L302 15290 150700 SH SOLE NONE X 0 0 SanDisk Corp COMMON 80004C101 6909 140400 SH SOLE NONE X 0 0 SanDisk Corp LISTED OPTION 80004C101 3 1000 SH PUT SOLE NONE X 0 0 Sanofi ADR 80105N105 11876 325000 SH SOLE NONE X 0 0 Sara Lee Corp COMMON 803111103 11318 598210 SH SOLE NONE X 0 0 Savient Pharmaceuticals Inc NOTE 80517QAA8 8996 20000000 PRN SOLE NONE X 0 0 SBA Communications Corp COMMON 78388J106 1568 36500 SH SOLE NONE X 0 0 Schlumberger Ltd COMMON 806857108 94411 1382092 SH SOLE NONE X 0 0 Scripps Networks Interactive Inc COMMON 811065101 4140 97600 SH SOLE NONE X 0 0 SeaDrill Ltd COMMON G7945E105 13948 416217 SH SOLE NONE X 0 0 Seagate Technology PLC COMMON G7945M107 1345 82000 SH SOLE NONE X 0 0 Sealed Air Corp COMMON 81211K100 3239 188200 SH SOLE NONE X 0 0 Sears Holdings Corp COMMON 812350106 1300 40900 SH SOLE NONE X 0 0 SEI Investments Co COMMON 784117103 383 22100 SH SOLE NONE X 0 0 SemGroup Corp COMMON 81663A105 652 25000 SH SOLE NONE X 0 0 Sempra Energy COMMON 816851109 14377 261400 SH SOLE NONE X 0 0 Sherwin-Williams Co, The COMMON 824348106 7900 88500 SH SOLE NONE X 0 0 Shire PLC ADR 82481R106 7793 75000 SH SOLE NONE X 0 0 Sigma-Aldrich Corp COMMON 826552101 7645 122400 SH SOLE NONE X 0 0 Silver Wheaton Corp COMMON 828336107 187134 6459300 SH SOLE NONE X 0 0 Simon Property Group Inc REIT 828806109 35407 274600 SH SOLE NONE X 0 0 Sirius XM Radio Inc COMMON 82967N108 2240 1230876 SH SOLE NONE X 0 0 SLM Corp COMMON 78442P106 5829 435000 SH SOLE NONE X 0 0 SM Energy Co COMMON 78454L100 3655 50000 SH SOLE NONE X 0 0 Smithfield Foods Inc NOTE 832248AR9 2440 2000000 PRN SOLE NONE X 0 0 Snap-On Inc COMMON 833034101 2055 40600 SH SOLE NONE X 0 0 Societe Aurifere Barrick COMMON 067901108 121105 2672059 SH SOLE NONE X 0 0 Southern Co/The COMMON 842587107 44267 956300 SH SOLE NONE X 0 0 Southern Copper Corp COMMON 84265V105 11231 372123 SH SOLE NONE X 0 0 Southwest Airlines Co COMMON 844741108 3671 428900 SH SOLE NONE X 0 0 Southwestern Energy Co COMMON 845467109 1833 57400 SH SOLE NONE X 0 0 SPDR S&P Regional Banking ETF ETF 78464A698 2441 100000 SH SOLE NONE X 0 0 Spectra Energy Corp COMMON 847560109 25169 818500 SH SOLE NONE X 0 0 Sprint Nextel Corp COMMON 852061100 7788 3328300 SH SOLE NONE X 0 0 SPX Corp COMMON 784635104 1007 16700 SH SOLE NONE X 0 0 St Jude Medical Inc COMMON 790849103 10698 311900 SH SOLE NONE X 0 0 Stanley Black & Decker Inc COMMON 854502101 164478 2433107 SH SOLE NONE X 0 0 Stantec Inc COMMON 85472N109 18098 668400 SH SOLE NONE X 0 0 Staples Inc COMMON 855030102 8076 581400 SH SOLE NONE X 0 0 Starbucks Corp COMMON 855244109 52856 1148800 SH SOLE NONE X 0 0 Starwood Hotels & Resorts Worldwide Inc COMMON 85590A401 9551 199100 SH SOLE NONE X 0 0 State Street Corp COMMON 857477103 21276 527800 SH SOLE NONE X 0 0 Stericycle Inc COMMON 858912108 6748 86600 SH SOLE NONE X 0 0 Stryker Corp COMMON 863667101 30870 621000 SH SOLE NONE X 0 0 Student Transportation Inc COMMON 86388A108 47149 7318518 SH SOLE NONE X 0 0 Suncor Energy Inc COMMON 867224107 528859 18329147 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Sunoco Inc COMMON 86764P109 17417 424600 SH SOLE NONE X 0 0 SunTrust Banks Inc COMMON 867914103 10657 602100 SH SOLE NONE X 0 0 SUPERVALU Inc COMMON 868536103 1203 148100 SH SOLE NONE X 0 0 Susser Holdings Corp COMMON 869233106 1167 51609 SH SOLE NONE X 0 0 Swift Transportation Co COMMON 87074U101 5768 700000 SH SOLE NONE X 0 0 Symantec Corp COMMON 871503108 17337 1107800 SH SOLE NONE X 0 0 Synopsys Inc COMMON 871607107 764 28100 SH SOLE NONE X 0 0 SYSCO Corp COMMON 871829107 12814 436900 SH SOLE NONE X 0 0 T Rowe Price Group Inc COMMON 74144T108 13509 237200 SH SOLE NONE X 0 0 Take-Two Interactive Software Inc COMMON 874054109 3117 230000 SH SOLE NONE X 0 0 Taleo Corp COMMON 87424N104 5610 145000 SH SOLE NONE X 0 0 Talisman Energy Inc COMMON 87425E103 344197 27001437 SH SOLE NONE X 0 0 Targa Resources Corp COMMON 87612G101 6547 160900 SH SOLE NONE X 0 0 Target Corp COMMON 87612E106 31972 624200 SH SOLE NONE X 0 0 TE CONNECTIVITY LTD COMMON H84989104 12879 418000 SH SOLE NONE X 0 0 Teck Resources Ltd COMMON 878742204 264215 7491966 SH SOLE NONE X 0 0 TECO Energy Inc COMMON 872375100 2900 151500 SH SOLE NONE X 0 0 TELUS Corporation COMMON 87971M202 189364 3528906 SH SOLE NONE X 0 0 Tenet Healthcare Corp COMMON 88033G100 1555 303100 SH SOLE NONE X 0 0 Teradata Corp COMMON 88076W103 7296 150400 SH SOLE NONE X 0 0 Teradyne Inc COMMON 880770102 1771 129900 SH SOLE NONE X 0 0 Tesoro Corp COMMON 881609101 2345 100400 SH SOLE NONE X 0 0 Texas Instruments Inc COMMON 882508104 25538 877300 SH SOLE NONE X 0 0 Theratechnologies Inc COMMON 88338H100 16664 6081800 SH SOLE NONE X 0 0 Thermo Fisher Scientific Inc COMMON 883556102 16526 367500 SH SOLE NONE X 0 0 Thomson Reuters Corp COMMON 884903105 84809 3171378 SH SOLE NONE X 0 0 THQ Inc COMMON 872443403 782 1028429 SH SOLE NONE X 0 0 TIBCO Software Inc COMMON 88632Q103 5141 215000 SH SOLE NONE X 0 0 Tiffany & Co COMMON 886547108 17155 258900 SH SOLE NONE X 0 0 Tim Hortons Inc COMMON 88706M103 25677 529686 SH SOLE NONE X 0 0 Time Warner Cable Inc COMMON 88732J207 22707 357200 SH SOLE NONE X 0 0 Time Warner Inc COMMON 887317303 40856 1130500 SH SOLE NONE X 0 0 Titanium Metals Corp COMMON 888339207 873 58300 SH SOLE NONE X 0 0 TJX Cos Inc COMMON 872540109 28744 445300 SH SOLE NONE X 0 0 Toll Brothers Inc COMMON 889478103 1017 49800 SH SOLE NONE X 0 0 Torchmark Corp COMMON 891027104 2493 57450 SH SOLE NONE X 0 0 Total System Services Inc COMMON 891906109 4428 226400 SH SOLE NONE X 0 0 TransCanada Corp COMMON 89353D107 234049 5351896 SH SOLE NONE X 0 0 TransDigm Group Inc COMMON 893641100 11482 120000 SH SOLE NONE X 0 0 TRANSOCEAN INC NOTE 893830AW9 33449 34000000 PRN SOLE NONE X 0 0 Transocean Ltd/Switzerland COMMON H8817H100 17016 438693 SH SOLE NONE X 0 0 Travelers Cos Inc, The COMMON 89417E109 22917 387300 SH SOLE NONE X 0 0 TripAdvisor Inc COMMON 896945201 1678 66550 SH SOLE NONE X 0 0 TRW Automotive Holdings Corp COMMON 87264S106 1125 34496 SH SOLE NONE X 0 0 Tyco International Ltd COMMON H89128104 24014 514100 SH SOLE NONE X 0 0 Tyson Foods Inc COMMON 902494103 6299 305200 SH SOLE NONE X 0 0 UBS AG COMMON H89231338 55981 4682287 SH SOLE NONE X 0 0 UGI Corp COMMON 902681105 2940 100000 SH SOLE NONE X 0 0 Ulta Salon Cosmetics & Fragrance Inc COMMON 90384S303 649 10000 SH SOLE NONE X 0 0 Ultra Petroleum Corp COMMON 903914109 4071 137400 SH SOLE NONE X 0 0 Union Pacific Corp COMMON 907818108 57102 539000 SH SOLE NONE X 0 0 United Continental Holdings Inc COMMON 910047109 512 27152 SH SOLE NONE X 0 0 United Continental Holdings Inc NOTE 902549AJ3 34663 15000000 PRN SOLE NONE X 0 0 United Parcel Service, Inc. COMMON 911312106 69465 949100 SH SOLE NONE X 0 0 United States Steel Corp COMMON 912909108 3858 145800 SH SOLE NONE X 0 0 United Technologies Corp COMMON 913017109 66483 909600 SH SOLE NONE X 0 0 UnitedHealth Group Inc COMMON 91324P102 52479 1035500 SH SOLE NONE X 0 0 Unum Group COMMON 91529Y106 5293 251200 SH SOLE NONE X 0 0 URS Corp COMMON 903236107 917 26100 SH SOLE NONE X 0 0 US Bancorp COMMON 902973304 52550 1942700 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 --------------------------------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Valero Energy Corp COMMON 91913Y100 12196 579400 SH SOLE NONE X 0 0 Validus Holdings Ltd COMMON G9319H102 2160 68569 SH SOLE NONE X 0 0 Varian Medical Systems Inc COMMON 92220P105 6767 100800 SH SOLE NONE X 0 0 Ventas Inc REIT 92276F100 14654 265800 SH SOLE NONE X 0 0 Verint Systems Inc COMMON 92343X100 2892 105000 SH SOLE NONE X 0 0 VeriSign Inc COMMON 92343E102 5094 142600 SH SOLE NONE X 0 0 Verisk Analytics Inc COMMON 92345Y106 4293 106966 SH SOLE NONE X 0 0 Verizon Communications Inc COMMON 92343V104 126254 3146900 SH SOLE NONE X 0 0 Vetements de Sport Gildan Inc, Les COMMON 375916103 174565 9277202 SH SOLE NONE X 0 0 VF Corp COMMON 918204108 12343 97200 SH SOLE NONE X 0 0 Viacom, Inc. COMMON 92553P201 27337 602000 SH SOLE NONE X 0 0 Virgin Media Inc COMMON 92769L101 2095 98000 SH SOLE NONE X 0 0 Visa Inc COMMON 92826C839 55364 545300 SH SOLE NONE X 0 0 VNU Marketing Information Inc COMMON N63218106 874 29424 SH SOLE NONE X 0 0 Vornado Realty Trust REIT 929042109 12928 168200 SH SOLE NONE X 0 0 Vulcan Materials Co COMMON 929160109 5143 130700 SH SOLE NONE X 0 0 Wabtec Corp COMMON 929740108 12591 180000 SH SOLE NONE X 0 0 Walgreen Co COMMON 931422109 21988 665100 SH SOLE NONE X 0 0 Walgreen Co LISTED OPTION 931422109 -34 -1000 SH PUT SOLE NONE X 0 0 Wal-Mart Stores Inc COMMON 931142103 113693 1902500 SH SOLE NONE X 0 0 Walt Disney Co, The COMMON 254687106 74374 1983300 SH SOLE NONE X 0 0 Walter Energy Inc COMMON 93317Q105 1172 19347 SH SOLE NONE X 0 0 Warner Chilcott PLC COMMON G94368100 392 25900 SH SOLE NONE X 0 0 Washington Post Co, The COMMON 939640108 1922 5100 SH SOLE NONE X 0 0 Waste Management Inc COMMON 94106L109 14615 446800 SH SOLE NONE X 0 0 Water technology COMMON 98419M100 4796 186700 SH SOLE NONE X 0 0 Waters Corp COMMON 941848103 5917 79900 SH SOLE NONE X 0 0 Watson Pharmaceuticals Inc COMMON 942683103 17754 294240 SH SOLE NONE X 0 0 Weatherford International Ltd COMMON H27013103 3620 247300 SH SOLE NONE X 0 0 WellPoint Inc COMMON 94973V107 22552 340400 SH SOLE NONE X 0 0 Wells Fargo & Co COMMON 949746101 138776 5035400 SH SOLE NONE X 0 0 WESCO International Inc COMMON 95082P105 9542 180000 SH SOLE NONE X 0 0 Western Digital Corp COMMON 958102105 6490 209700 SH SOLE NONE X 0 0 Western Union Co, The COMMON 959802109 11111 608500 SH SOLE NONE X 0 0 Weyerhaeuser Co REIT 962166104 9361 501398 SH SOLE NONE X 0 0 Whirlpool Corp COMMON 963320106 3739 78800 SH SOLE NONE X 0 0 Whiting Petroleum Corp COMMON 966387102 1342 28738 SH SOLE NONE X 0 0 Whole Foods Market Inc COMMON 966837106 11244 161600 SH SOLE NONE X 0 0 Williams Cos Inc/The COMMON 969457100 20000 605700 SH SOLE NONE X 0 0 Williams Cos Inc/The COMMON 969457142 4862 180000 SH SOLE NONE X 0 0 Willis Group Holdings PLC COMMON G96666105 966 24900 SH SOLE NONE X 0 0 Windstream Corp COMMON 97381W104 7050 600553 SH SOLE NONE X 0 0 Wisconsin Energy Corp COMMON 976657106 67794 1939200 SH SOLE NONE X 0 0 WR Berkley Corp COMMON 084423102 4061 118100 SH SOLE NONE X 0 0 WW Grainger Inc COMMON 384802104 6009 32100 SH SOLE NONE X 0 0 Wyndham Worldwide Corp COMMON 98310W108 4052 107100 SH SOLE NONE X 0 0 Wynn Resorts Ltd COMMON 983134107 9093 82300 SH SOLE NONE X 0 0 Xcel Energy Inc COMMON 98389B100 14892 538800 SH SOLE NONE X 0 0 Xerox Corp COMMON 984121103 10847 1362672 SH SOLE NONE X 0 0 Xilinx Inc COMMON 983919101 7573 236200 SH SOLE NONE X 0 0 XL Group Plc COMMON G98290102 10282 520100 SH SOLE NONE X 0 0 Yahoo! Inc COMMON 984332106 19404 1203000 SH SOLE NONE X 0 0 Yum! Brands Inc COMMON 988498101 34426 583400 SH SOLE NONE X 0 0 Zimmer Holdings Inc COMMON 98956P102 3024 56600 SH SOLE NONE X 0 0 Zions Bancorporation COMMON 989701107 2094 128611 SH SOLE NONE X 0 0