0001193805-12-001313.txt : 20120808
0001193805-12-001313.hdr.sgml : 20120808
20120808103510
ACCESSION NUMBER: 0001193805-12-001313
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120630
FILED AS OF DATE: 20120808
DATE AS OF CHANGE: 20120808
EFFECTIVENESS DATE: 20120808
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NOMURA ASSET MANAGEMENT CO LTD
CENTRAL INDEX KEY: 0001055964
IRS NUMBER: 000000000
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06746
FILM NUMBER: 121015477
BUSINESS ADDRESS:
STREET 1: 1-12-1, NIHONBASHI
STREET 2: CHUO-KU
CITY: TOKYO
STATE: M0
ZIP: 103-8260
BUSINESS PHONE: 0332419511
MAIL ADDRESS:
STREET 1: 1-12-1, NIHONBASHI
STREET 2: CHUO-KU
CITY: TOKYO
STATE: M0
ZIP: 103-8260
13F-HR
1
e609934_13fhr-namtokyo.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: June 30, 2012
Check here if Amendment |_|; Amendment Number:
This Amendment (Check only one.): |_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Nomura Asset Management Co., Ltd.
Address: 1-12-1 Nihonbashi, Chuo-ku
Tokyo, Japan 103-8260
13F File Number: 28-6746
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: Neil Daniele
Title: Managing Director & Chief Compliance Officer of Nomura Asset
Management U.S.A. Inc. and as an Attorney-in-Fact for
Nomura Asset Management Co., Ltd.
Phone: (212)667-1873
Signature, Place, and Date of Signing:
/s/ Neil Daniele
---------------------
Neil Daniele, New York, August 8, 2012
Nomura Asset Management Co., Ltd. ("NAM Tokyo") is the parent holding company of
certain operating subsidiaries, some of which are or may be institutional
investment managers for purposes of the reporting requirements under Section
13(f) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")
and the rules promulgated thereunder. NAM Tokyo itself does not exercise
investment discretion with respect to any Section 13(f) Securities positions
held by its operating subsidiaries, which subsidiaries in fact exercise
investment discretion. However, based upon its parent relationship, NAM Tokyo
may be deemed to have investment discretion with respect to such positions in
Section 13(f) securities held by its operating subsidiaries. In that regard, the
Section 13(f) Securities positions of Nomura Asset Management U.S.A. Inc.("NAM
USA"), which is an operating subsidiary of NAM Tokyo that hold Section 13(f)
securities positions but that does not meet the $100 million threshold for
filing the Form 13F, are reflected on the Form 13F filed by NAM Tokyo. The
Section 13(f) securities positions of the following operating subsidiaries of
NAM Tokyo, which each exceed the $100 million filing threshold, are not included
in the Form 13F filed by NAM Tokyo, but are instead reported on separate Forms
13F filed by each of these entities: (i) Nomura Asset Management Singapore
Limited ("NAM Singapore"); and (ii) Nomura Asset Management U.K. Limited ("NAM
UK").
Additionally, NAM Tokyo may have investment discretion for certain positions,
however separately delegated sole investment discretion to certain
sub-advisers who hold positions in the same security, while also retaining
voting authority. In such situations, the number of shares that NAM Tokyo is
listing on the 13F as having investment discretion may be lower than the
number of shares that NAM Tokyo is listing on the 13F as having voting
authority over.
================================================================================
Report Type (Check only one.):
|X| 13F HOLDINGS REPORT.
|_| 13F NOTICE.
|_| 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 814
Form 13F Information Table Value Total: 4,452,871 (thousands)
List of Other Included Managers: None
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
3M CORP COM 88579Y101 13,816 154,191 SH Sole 154,191
ABBOTT LABS COM 002824100 40,308 625,220 SH Sole 634,320
ABERCROMBIE & FITCH CO CL A 002896207 436 12,770 SH Sole 30,170
ACADIA REALTY TRUST COM SH BEN INT 004239109 468 20,200 SH Sole 20,200
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 7,324 121,889 SH Sole 165,039
ACE LTD SHS H0023R105 5,929 79,979 SH Sole 99,879
ACTIVISION BLIZZARD INC COM 00507V109 1,495 124,700 SH Sole 350,700
ADOBE SYSTEMS INC COM 00724F101 3,489 107,785 SH Sole 108,385
ADVANCE AUTO PARTS COM 00751Y106 732 10,725 SH Sole 29,725
ADVANCED MICRO DEVICES INC COM 007903107 882 153,879 SH Sole 157,079
AES CORP COM 00130H105 2,773 216,103 SH Sole 273,313
AETNA INC NEW COM 00817Y108 3,437 88,645 SH Sole 90,745
AFFILIATED MANAGERS GROUP COM 008252108 861 7,866 SH Sole 8,066
AFLAC INC COM 001055102 26,740 627,853 SH Sole 630,153
AGCO CORP COM 001084102 1,090 23,840 SH Sole 26,240
AGILENT TECHNOLOGIES INC COM 00846U101 2,634 67,137 SH Sole 83,007
AIR PRODUCTS & CHEMS INC COM 009158106 3,341 41,382 SH Sole 41,482
AIRGAS INC COM 009363102 8,666 103,157 SH Sole 115,567
AKAMAI TECHNOLOGIES COM 00971T101 805 25,360 SH Sole 26,060
ALBEMARLE CORP COM 012653101 801 13,431 SH Sole 13,731
ALCOA INC COM 013817101 2,903 331,730 SH Sole 331,730
ALEXANDERS INC COM 014752109 388 900 SH Sole 900
ALEXANDRIA REAL ESTATE EQUIT COM 015271109 2,033 27,952 SH Sole 165,594
ALEXION PHARMACEUTICALS INC COM 015351109 4,227 42,570 SH Sole 85,478
ALLEGHANY CORP DEL COM 017175100 617 1,817 SH Sole 1,817
ALLEGHENY TECHNOLOGIES INC COM 01741R102 469 14,720 SH Sole 14,720
ALLERGAN INC COM 018490102 6,944 75,012 SH Sole 95,222
ALLIANCE DATA SYSTEMS CORP COM 018581108 974 7,212 SH Sole 12,202
ALLIANT ENERGY CORP COM 018802108 1,231 27,011 SH Sole 27,011
ALLSTATE CORP COM 020002101 5,216 148,650 SH Sole 149,150
ALPHA NATURAL RESOURCES INC COM 02076X102 649 74,510 SH Sole 74,510
ALTERA CORP COM 021441100 2,268 67,036 SH Sole 85,006
ALTRIA GROUP INC COM 02209S103 46,289 1,339,778 SH Sole 1,353,478
AMAZON.COM INC COM 023135106 17,016 74,515 SH Sole 91,815
AMEREN CORPORATION COM 023608102 2,372 70,709 SH Sole 119,609
AMERICA MOVIL SAV DE CV SPON ADR L SHS 02364W105 310 11,900 SH Sole 63,144
AMERICAN ASSETS TRUST INC COM 024013104 386 15,900 SH Sole 32,055
AMERICAN CAMPUS COMMUNITIES COM 024835100 1,502 33,390 SH Sole 33,390
AMERICAN CAPITAL AGENCY CORP COM 02503X105 1,548 46,070 SH Sole 47,870
AMERICAN ELECTRIC POWER COM 025537101 5,276 132,229 SH Sole 133,729
AMERICAN EXPRESS CO COM 025816109 28,828 495,239 SH Sole 519,119
AMERICAN INTL GROUP INC COM NEW 026874784 6,324 197,075 SH Sole 301,875
AMERICAN TOWER CORP NEW COM 03027X100 4,374 62,561 SH Sole 96,641
AMERICAN WATER WORKS CO INC NEW COM 030420103 13,885 405,060 SH Sole 830,138
AMERIPRISE FINANCIAL INC COM 03076C106 2,687 51,407 SH Sole 74,897
AMERISOURCEBERGEN CORP COM 03073E105 3,868 98,301 SH Sole 149,001
AMETEK INC NEW COM 031100100 1,159 23,220 SH Sole 73,930
AMGEN INC COM 031162100 17,252 236,206 SH Sole 286,457
AMPHENOL CORP NEW CL A 032095101 1,291 23,503 SH Sole 23,503
AMYLIN PHARMACEUTICALS INC COM 032346108 706 25,000 SH Sole 50,900
ANADARKO PETE CORP COM 032511107 6,902 104,254 SH Sole 200,424
ANALOG DEVICES INC COM 032654105 3,234 85,840 SH Sole 86,340
ANNALY CAPITAL MANAGEMENT COM 035710409 5,756 343,019 SH Sole 343,019
ANSYS INC COM 03662Q105 883 13,985 SH Sole 52,285
AON PLC SHS CL A G0408V102 4,929 105,362 SH Sole 105,362
APACHE CORPORATION COM 037411105 13,355 151,947 SH Sole 166,947
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
APARTMENT INVT&MGMT CO CL A 03748R101 1,615 59,740 SH Sole 543,035
APOLLO GROUP INC CL A 037604105 615 17,000 SH Sole 17,400
APPLE INC COM 037833100 125,581 215,036 SH Sole 309,381
APPLIED MATERIALS INC COM 038222105 3,876 338,258 SH Sole 338,258
ARCH CAPITAL GROUP LTD ORD G0450A105 1,496 37,680 SH Sole 39,080
ARCHER DANIELS MIDLAND CO COM 039483102 5,458 184,883 SH Sole 184,883
ARENA PHARMACEUTICAL INC COM 040047102 399 40,000 SH Sole 94,400
ARROW ELECTRS INC COM 042735100 1,269 38,686 SH Sole 38,686
ARUBA NETWORKS INC COM 043176106 376 25,000 SH Sole 25,000
ASHFORD HOSPITALITY TRUST COM SHS 044103109 270 32,080 SH Sole 32,080
ASHLAND INC NEW COM 044209104 780 11,261 SH Sole 37,961
ASSOCIATED ESTATES REALTY CP COM 045604105 296 19,800 SH Sole 19,800
ASSURANT INC COM 04621X108 967 27,765 SH Sole 30,265
AT & T INC COM 00206R102 80,961 2,270,357 SH Sole 2,272,057
ATMEL CORP COM 049513104 293 43,780 SH Sole 43,780
AUTODESK INC COM 052769106 1,906 54,460 SH Sole 79,680
AUTOLIV INC COM 052800109 1,109 20,290 SH Sole 20,890
AUTOMATIC DATA PROCESS COM 053015103 22,936 412,080 SH Sole 420,480
AUTONATION INC COM 05329W102 808 22,903 SH Sole 22,903
AUTONAVI HOLDINGS LTD SPONSORED ADR 05330F106 402 30,000 SH Sole 30,000
AUTOZONE INC COM 053332102 4,411 12,013 SH Sole 18,413
AVAGO TECHNOLOGIES LTD SHS Y0486S104 5,437 151,460 SH Sole 179,120
AVALONBAY COMMUNITIES INC COM 053484101 8,643 61,089 SH Sole 460,595
AVERY DENNISON CORP COM 053611109 6,623 242,262 SH Sole 242,262
AVNET INC COM 053807103 1,496 48,490 SH Sole 48,490
AVON PRODUCTS INC COM 054303102 1,435 88,507 SH Sole 88,507
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,051 32,301 SH Sole 32,301
BAKER HUGHES INC COM 057224107 3,871 94,196 SH Sole 121,671
BALL CORP COM 058498106 1,265 30,816 SH Sole 30,816
BANCO DE CHILE SPONSORED ADR 059520106 9,165 108,463 SH Sole 108,463
BANCO MACRO SA SPON ADR B 05961W105 512 39,500 SH Sole 39,500
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 12,598 162,573 SH Sole 189,573
BANCOLOMBIA S.A. SPON ADR PREF 05968L102 284 4,600 SH Sole 4,600
BANK OF AMERICA CORPORATION COM 060505104 34,572 4,226,356 SH Sole 4,226,356
BANK OF NEWYORK MELLON CORP COM 064058100 6,668 303,803 SH Sole 303,803
BARD C R COM 067383109 1,289 11,998 SH Sole 11,998
BAXTER INTERNATIONAL INC COM 071813109 6,011 113,086 SH Sole 131,086
BB&T CORPORATION COM 054937107 5,125 166,122 SH Sole 174,722
BEAM INC COM 073730103 2,247 35,954 SH Sole 35,954
BECTON DICKINSON & CO COM 075887109 3,377 45,182 SH Sole 45,182
BED BATH & BEYOND INC COM 075896100 2,994 48,452 SH Sole 67,772
BERKLEY W R CORP COM 084423102 1,202 30,889 SH Sole 31,989
BERKSHIRE HATHAWAY INC CL A 084670108 17,492 140 SH Sole 140
BERKSHIRE HATHAWAY INC CL B NEW 084670702 15,721 188,663 SH Sole 200,663
BEST BUY INC COM 086516101 2,391 114,065 SH Sole 114,065
BIOGEN IDEC INC COM 09062X103 7,549 52,283 SH Sole 114,663
BIOMED REALTY TRUST INC COM 09063H107 1,292 69,160 SH Sole 1,550,601
BLACKROCK INC COM 09247X101 5,071 29,860 SH Sole 41,260
BLOCK H & R INC COM 093671105 884 55,292 SH Sole 64,692
BMC SOFTWARE COM 055921100 1,039 24,350 SH Sole 24,350
BOEING CO COM 097023105 19,317 259,989 SH Sole 260,089
BORGWARNER INC COM 099724106 1,033 15,749 SH Sole 36,379
BOSTON PROPERTIES INC COM 101121101 10,704 98,772 SH Sole 565,791
BOSTON SCIENTIFIC CORP COM 101137107 2,226 392,603 SH Sole 392,603
BRANDYWINE REALTY TRUST SH BEN INT NEW 105368203 810 65,600 SH Sole 91,079
BRE PROPERTIES INC CL A 05564E106 1,722 34,420 SH Sole 1,451,822
BRISTOL MYERS SQUIBB CO COM 110122108 13,826 384,595 SH Sole 489,395
BROADCOM CORP CL A 111320107 3,762 111,290 SH Sole 258,490
BROWN FORMAN CORP CL B 115637209 1,339 13,825 SH Sole 14,125
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
BUNGE LIMITED COM G16962105 2,944 46,928 SH Sole 46,928
C.H.ROBINSON WORLDWIDE INC COM NEW 12541W209 1,839 31,414 SH Sole 31,414
CA INC COM 12673P105 5,669 209,261 SH Sole 212,261
CABLEVISION SYSTEMS CORP CL A NY CABLVS 12686C109 873 65,679 SH Sole 65,679
CABOT OIL & GAS CORP COM 127097103 1,177 29,880 SH Sole 47,780
CALPINE CORP COM NEW 131347304 1,508 91,320 SH Sole 91,320
CAMDEN PROPERTY TRUST SH BEN INT 133131102 2,442 36,085 SH Sole 248,096
CAMERON INTERNATIONAL CORP COM 13342B105 1,986 46,500 SH Sole 47,400
CAMPBELL SOUP CO COM 134429109 1,828 54,762 SH Sole 54,762
CAMPUS CREST COMMUNITIES INC COM 13466Y105 142 13,700 SH Sole 13,700
CAPITAL ONE FINANCIAL CORP COM 14040H105 10,393 190,138 SH Sole 190,338
CAPLEASE INC COM 140288101 139 33,600 SH Sole 33,600
CARDINAL HEALTH INC COM 14149Y108 5,367 127,789 SH Sole 127,889
CAREFUSION CORP COM 14170T101 1,495 58,219 SH Sole 58,219
CARMAX INC COM 143130102 824 31,760 SH Sole 104,360
CARNIVAL CORP PAIRED CTF 143658300 5,179 151,113 SH Sole 211,213
CASEYS GENERAL STORES INC COM 147528103 598 10,134 SH Sole 10,134
CATERPILLAR INC DEL COM 149123101 12,011 141,458 SH Sole 147,458
CBL&ASSOCIATES PROPERTIES COM 124830100 1,306 66,860 SH Sole 894,260
CBRE GROUP INC CL A 12504L109 770 47,060 SH Sole 217,810
CBS CORP NEW CL B 124857202 4,531 138,235 SH Sole 150,735
CEDAR REALTY TRUST INC COM NEW 150602209 133 26,300 SH Sole 26,300
CELANESE CORP DEL COM SER A 150870103 785 22,680 SH Sole 49,580
CELGENE CORP COM 151020104 4,685 73,021 SH Sole 140,577
CENTERPOINT ENERGY INC COM 15189T107 2,084 100,839 SH Sole 102,139
CENTURYLINK INC COM 156700106 16,258 411,710 SH Sole 411,760
CERNER CORP COM 156782104 2,573 31,131 SH Sole 46,731
CF INDUSTRIES HOLDINGS INC COM 125269100 2,427 12,527 SH Sole 13,127
CHARTER COMMUNICATION INC CL A NEW 16117M305 1,079 15,225 SH Sole 15,225
CHESAPEAKE ENERGY CORP COM 165167107 2,951 158,682 SH Sole 158,682
CHESAPEAKE LODGING TRUST SH BEN INT 165240102 262 15,200 SH Sole 15,200
CHEVRON CORP NEW COM 166764100 93,947 890,490 SH Sole 943,740
CHIPOTLE MEXICAN GRILL INC COM 169656105 1,718 4,522 SH Sole 5,422
CHUBB CORP COM 171232101 4,775 65,571 SH Sole 65,571
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 566 18,004 SH Sole 18,004
CHURCH & DWIGHT INC COM 171340102 1,613 29,070 SH Sole 43,580
CIA DE MINAS BUENAVENTUR SPONSORED ADR 204448104 216 5,700 SH Sole 5,700
CIGNA CORPORATION COM 125509109 2,906 66,044 SH Sole 86,544
CIMAREX ENERGY CO COM 171798101 646 11,724 SH Sole 11,724
CINCINNATI FINANCIAL CORP COM 172062101 1,516 39,809 SH Sole 44,309
CINTAS CORP COM 172908105 666 17,240 SH Sole 17,340
CIRRUS LOGIC INC COM 172755100 747 25,000 SH Sole 25,000
CISCO SYSTEMS INC COM 17275R102 21,753 1,266,946 SH Sole 2,149,371
CIT GROUP INC COM NEW 125581801 1,552 43,540 SH Sole 43,540
CITIGROUP INC COM NEW 172967424 33,476 1,221,324 SH Sole 1,357,114
CITRIX SYSTEMS INC COM 177376100 8,491 101,155 SH Sole 146,885
CLIFFS NATURAL RESOURCES INC COM 18683K101 1,455 29,526 SH Sole 29,526
CLOROX CO DEL COM 189054109 2,142 29,556 SH Sole 29,556
CME GROUP INC COM 12572Q105 3,763 14,034 SH Sole 14,034
CMS ENERGY CORP COM 125896100 995 42,320 SH Sole 43,220
CNA FINL CORP COM 126117100 809 29,197 SH Sole 29,197
CNH GLOBAL N V SHS NEW N20935206 948 24,400 SH Sole 24,400
COACH INC COM 189754104 4,144 70,864 SH Sole 149,418
COBALT INTL ENERGY INC COM 19075F106 585 24,900 SH Sole 150,900
COCA COLA CO COM 191216100 66,848 854,944 SH Sole 886,144
COCA COLA ENTERPRISES INC NE COM 19122T109 2,232 79,601 SH Sole 80,301
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 6,664 111,061 SH Sole 112,361
COLGATE PALMOLIVE CO COM 194162103 10,402 99,923 SH Sole 100,923
COLONIAL PPTYS TR COM SH BEN INT 195872106 903 40,780 SH Sole 40,780
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
COMCAST CORP NEW CL A SPL 20030N200 2,826 90,010 SH Sole 97,010
COMCAST CORP NEW CL A 20030N101 16,554 517,789 SH Sole 552,589
COMERICA INC COM 200340107 1,723 56,119 SH Sole 57,319
COMMONWEALTH REIT COM SH BEN INT 203233101 748 39,140 SH Sole 39,140
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 3,975 103,700 SH Sole 137,706
COMPUTER SCIENCES CORP COM 205363104 1,450 58,403 SH Sole 58,403
CONAGRA FOODS INC COM 205887102 2,735 105,462 SH Sole 105,962
CONCHO RES INC COM 20605P101 1,198 14,076 SH Sole 16,176
CONOCOPHILLIPS COM 20825C104 22,641 405,166 SH Sole 437,866
CONSOL ENERGY INC COM 20854P109 1,387 45,850 SH Sole 140,950
CONSOLIDATED EDISON INC COM 209115104 11,595 186,446 SH Sole 188,046
CONSTELLATION BRANDS INC CL A 21036P108 1,111 41,066 SH Sole 41,066
CONTINENTAL RESOURCES INC COM 212015101 433 6,500 SH Sole 8,300
COOPER INDUSTRIES PLC SHS G24140108 2,336 34,264 SH Sole 34,264
CORE LABORATORIES N V COM N22717107 819 7,070 SH Sole 7,170
CORESITE RLTY CORP COM 21870Q105 250 9,700 SH Sole 9,700
CORNING INC COM 219350105 9,670 747,856 SH Sole 747,856
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 777 33,040 SH Sole 79,661
COSAN LTD SHS A G25343107 256 20,200 SH Sole 42,666
COSTCO WHSL CORP NEW COM 22160K105 11,145 117,312 SH Sole 143,572
COUSINS PPTYS INC COM 222795106 376 48,500 SH Sole 680,382
COVENTRY HEALTH CARE INC COM 222862104 1,629 51,248 SH Sole 51,248
COVIDIEN PLC SHS G2554F113 4,866 90,954 SH Sole 91,454
CRACKER BARREL OLD CTRY STOR COM 22410J106 634 10,099 SH Sole 10,099
CREDICORP LTD COM G2519Y108 1,108 8,800 SH Sole 8,800
CREE INC COM 225447101 888 34,590 SH Sole 66,314
CROWN CASTLE INTL CORP COM 228227104 2,360 40,233 SH Sole 42,233
CROWN HOLDINGS INC COM 228368106 803 23,280 SH Sole 23,280
CSX CORP COM 126408103 5,042 225,491 SH Sole 228,591
CUBESMART COM 229663109 658 56,400 SH Sole 56,400
CUMMINS INC COM 231021106 3,388 34,959 SH Sole 36,559
CVS CAREMARK CORPORATION COM 126650100 14,234 304,601 SH Sole 357,601
CYPRESS SEMICONDUCTOR CORP COM 232806109 233 17,600 SH Sole 17,600
D R HORTON INC COM 23331A109 1,684 91,622 SH Sole 101,522
DANAHER CORP DEL COM 235851102 5,605 107,627 SH Sole 392,364
DARDEN RESTAURANTS INC COM 237194105 13,368 264,029 SH Sole 264,029
DAVITA INC COM 23918K108 1,879 19,128 SH Sole 19,128
DCT INDUSTRIAL TRUST INC COM 233153105 708 112,390 SH Sole 112,390
DDR CORP COM 23317H102 1,472 100,520 SH Sole 1,328,272
DEERE & CO COM 244199105 6,184 76,474 SH Sole 76,574
DELL INC COM 24702R101 5,709 456,003 SH Sole 504,803
DELPHI AUTOMOTIVE PLC SHS G27823106 474 18,600 SH Sole 18,600
DELTA AIR LINES INC DEL COM NEW 247361702 1,660 151,626 SH Sole 228,426
DENBURY RES INC COM NEW 247916208 867 57,410 SH Sole 128,960
DENTSPLY INTL INC NEW COM 249030107 811 21,450 SH Sole 21,550
DEUTSCHE BK AG LDN BRH PS GOLD DS ETN 25154H756 100 20,000 SH Sole 20,000
DEVON ENERGY CORP NEW COM 25179M103 5,620 96,913 SH Sole 131,313
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,653 27,949 SH Sole 27,949
DIAMONDROCK HOSPITALITY CO COM 252784301 797 78,180 SH Sole 158,630
DICKS SPORTING GOODS INC COM 253393102 715 14,890 SH Sole 15,190
DIGITAL RLTY TR INC COM 253868103 4,832 64,364 SH Sole 67,464
DIRECTV COM CL A 25490A101 6,838 140,066 SH Sole 172,548
DISCOVER FINL SVCS COM 254709108 3,780 109,307 SH Sole 119,007
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 2,505 46,390 SH Sole 46,790
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 776 15,490 SH Sole 16,890
DISH NETWORK CORP CL A 25470M109 1,922 67,322 SH Sole 68,222
DISNEY WALT CO COM DISNEY 254687106 26,138 538,933 SH Sole 626,433
DOLBY LABORATORIES INC COM 25659T107 301 7,300 SH Sole 7,300
DOLLAR GEN CORP NEW COM 256677105 4,195 77,120 SH Sole 96,150
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
DOLLAR TREE INC COM 256746108 6,418 119,302 SH Sole 127,102
DOMINION RES INC VA NEW COM 25746U109 6,903 127,842 SH Sole 131,142
DONNELLEY R R & SONS CO COM 257867101 598 50,829 SH Sole 50,829
DOUGLAS EMMETT INC COM 25960P109 1,447 62,620 SH Sole 192,732
DOVER CORP COM 260003108 2,111 39,376 SH Sole 39,376
DOW CHEM CO COM 260543103 16,784 532,826 SH Sole 535,226
DR PEPPER SNAPPLE GROUP INC COM 26138E109 30,089 687,751 SH Sole 687,751
DR REDDYS LABS LTD ADR 256135203 194 6,520 SH Sole 6,520
DTE ENERGY CO COM 233331107 2,782 46,883 SH Sole 47,983
DU PONT E I DE NEMOURS & CO COM 263534109 33,833 669,033 SH Sole 703,613
DUKE ENERGY CORP NEW COM 26441C105 22,675 983,294 SH Sole 987,894
DUKE REALTY CORP COM NEW 264411505 2,285 156,100 SH Sole 1,032,461
DUN & BRADSTREET CORP DEL NE COM 26483E100 5,062 71,121 SH Sole 72,721
DUNKIN BRANDS GROUP INC COM 265504100 859 25,000 SH Sole 28,500
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 822 28,770 SH Sole 28,770
E M C CORP MASS COM 268648102 10,200 397,989 SH Sole 968,669
EASTGROUP PPTY INC COM 277276101 692 12,990 SH Sole 44,188
EASTMAN CHEM CO COM 277432100 1,533 30,439 SH Sole 30,439
EATON CORP COM 278058102 2,816 71,067 SH Sole 150,446
EATON VANCE CORP COM NON VTG 278265103 437 16,210 SH Sole 16,210
EBAY INC COM 278642103 11,125 264,813 SH Sole 759,373
ECOLAB INC COM 278865100 3,403 49,654 SH Sole 99,721
ECOPETROL S A SPONSORED ADS 279158109 1,127 20,200 SH Sole 23,274
EDISON INTL COM 281020107 4,023 87,088 SH Sole 88,988
EDUCATION RLTY TR INC COM 28140H104 473 42,700 SH Sole 42,700
EDWARDS LIFESCIENCES CORP COM 28176E108 5,113 49,495 SH Sole 49,495
ELBIT SYS LTD ORD M3760D101 384 11,100 SH Sole 11,100
ELECTRONIC ARTS INC COM 285512109 616 49,840 SH Sole 228,640
EMERSON ELEC CO COM 291011104 15,165 325,577 SH Sole 325,577
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 262 5,137 SH Sole 5,137
ENERGEN CORP COM 29265N108 445 9,867 SH Sole 9,867
ENERGIZER HLDGS INC COM 29266R108 736 9,786 SH Sole 9,986
ENERSIS S A SPONSORED ADR 29274F104 406 21,720 SH Sole 64,177
ENTERGY CORP NEW COM 29364G103 3,660 53,912 SH Sole 54,912
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 892 21,700 SH Sole 21,700
EOG RES INC COM 26875P101 6,633 73,609 SH Sole 73,609
EQT CORP COM 26884L109 1,097 20,457 SH Sole 21,057
EQUIFAX INC COM 294429105 839 18,000 SH Sole 21,400
EQUINIX INC COM NEW 29444U502 1,921 10,935 SH Sole 11,535
EQUITY LIFESTYLE PPTYS INC COM 29472R108 1,272 18,450 SH Sole 18,450
EQUITY ONE COM 294752100 566 26,700 SH Sole 814,934
EQUITY RESIDENTIAL SH BEN INT 29476L107 12,070 193,549 SH Sole 965,138
ERIE INDTY CO CL A 29530P102 723 10,102 SH Sole 10,102
ESSEX PPTY TR INC COM 297178105 2,442 15,866 SH Sole 112,019
EVEREST RE GROUP LTD COM G3223R108 1,349 13,031 SH Sole 13,031
EXCEL TR INC COM 30068C109 182 15,200 SH Sole 15,200
EXELIS INC COM 30162A108 106 10,792 SH Sole 10,792
EXELON CORP COM 30161N101 8,905 236,719 SH Sole 239,517
EXPEDIA INC DEL COM NEW 30212P303 708 14,720 SH Sole 15,720
EXPEDITORS INTL WASH INC COM 302130109 1,245 32,140 SH Sole 32,140
EXPRESS SCRIPTS HLDG CO COM 30219G108 20,155 361,010 SH Sole 382,570
EXTRA SPACE STORAGE INC COM 30225T102 1,420 46,400 SH Sole 377,593
EXXON MOBIL CORP COM 30231G102 138,249 1,615,619 SH Sole 1,636,819
F M C CORP COM NEW 302491303 1,068 19,978 SH Sole 24,578
F5 NETWORKS INC COM 315616102 1,158 11,630 SH Sole 194,205
FACEBOOK INC CL A 30303M102 5,884 189,060 SH Sole 342,312
FAMILY DLR STORES INC COM 307000109 1,382 20,783 SH Sole 20,783
FASTENAL CO COM 311900104 1,639 40,661 SH Sole 52,261
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 3,988 38,312 SH Sole 315,746
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
FEDEX CORP COM 31428X106 6,587 71,901 SH Sole 85,471
FELCOR LODGING TR INC COM 31430F101 268 57,000 SH Sole 57,000
FIDELITY NATIONAL FINANCIAL CL A 31620R105 975 50,617 SH Sole 50,617
FIDELITY NATL INFORMATION SV COM 31620M106 1,956 57,387 SH Sole 57,387
FIFTH THIRD BANCORP COM 316773100 6,477 483,328 SH Sole 538,958
FINISAR CORP COM NEW 31787A507 150 10,000 SH Sole 10,000
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 520 41,200 SH Sole 41,200
FIRST POTOMAC RLTY TR COM 33610F109 272 23,100 SH Sole 29,971
FIRST REP BK SAN FRANCISCO C COM 33616C100 488 14,510 SH Sole 14,510
FIRSTENERGY CORP COM 337932107 4,955 100,725 SH Sole 128,325
FISERV INC COM 337738108 2,047 28,338 SH Sole 51,738
FLEXTRONICS INTL LTD ORD Y2573F102 1,574 253,843 SH Sole 253,843
FLIR SYS INC COM 302445101 418 21,450 SH Sole 21,450
FLOWSERVE CORP COM 34354P105 924 8,053 SH Sole 50,538
FLUOR CORP NEW COM 343412102 1,787 36,208 SH Sole 56,048
FMC TECHNOLOGIES INC COM 30249U101 1,403 35,752 SH Sole 43,852
FORD MTR CO DEL COM PAR $0.01 345370860 11,815 1,232,008 SH Sole 1,232,008
FOREST LABS INC COM 345838106 2,292 65,509 SH Sole 65,509
FORTINET INC COM 34959E109 697 30,000 SH Sole 30,000
FOSSIL INC COM 349882100 580 7,578 SH Sole 7,578
FRANKLIN RES INC COM 354613101 7,381 66,498 SH Sole 66,498
FRANKLIN STREET PPTYS CORP COM 35471R106 346 32,700 SH Sole 32,700
FREEPORT-MCMORAN COPPER & GO COM 35671D857 14,317 420,222 SH Sole 450,222
FRESH MKT INC COM 35804H106 670 12,500 SH Sole 12,500
FRONTIER COMMUNICATIONS CORP COM 35906A108 1,187 310,027 SH Sole 310,027
GALLAGHER ARTHUR J & CO COM 363576109 9,490 270,610 SH Sole 270,610
GAMESTOP CORP NEW CL A 36467W109 716 39,020 SH Sole 39,020
GANNETT INC COM 364730101 682 46,318 SH Sole 46,318
GAP INC DEL COM 364760108 2,632 96,206 SH Sole 100,606
GARMIN LTD SHS H2906T109 1,097 28,640 SH Sole 33,440
GENERAL DYNAMICS CORP COM 369550108 9,814 148,786 SH Sole 149,586
GENERAL ELECTRIC CO COM 369604103 69,620 3,340,672 SH Sole 3,522,915
GENERAL GROWTH PPTYS INC NEW COM 370023103 6,788 375,220 SH Sole 1,808,125
GENERAL MLS INC COM 370334104 5,506 142,864 SH Sole 142,864
GENERAL MTRS CO COM 37045V100 6,929 351,370 SH Sole 351,370
GENUINE PARTS CO COM 372460105 7,222 119,861 SH Sole 123,261
GENWORTH FINL INC COM CL A 37247D106 873 154,155 SH Sole 154,155
GETTY RLTY CORP NEW COM 374297109 239 12,500 SH Sole 12,500
GILEAD SCIENCES INC COM 375558103 7,230 140,985 SH Sole 296,763
GLIMCHER RLTY TR SH BEN INT 379302102 654 64,000 SH Sole 64,000
GOLDMAN SACHS GROUP INC COM 38141G104 16,236 169,373 SH Sole 169,373
GOODRICH CORP COM 382388106 3,080 24,273 SH Sole 24,273
GOODYEAR TIRE & RUBR CO COM 382550101 1,127 95,438 SH Sole 99,138
GOOGLE INC CL A 38259P508 38,079 65,645 SH Sole 91,665
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 361 15,970 SH Sole 15,970
GRACO INC COM 384109104 2,965 64,334 SH Sole 64,334
GRAINGER W W INC COM 384802104 2,279 11,916 SH Sole 13,916
GREEN MTN COFFEE ROASTERS IN COM 393122106 411 18,860 SH Sole 18,860
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 82 17,700 SH Sole 17,700
HAIN CELESTIAL GROUP INC COM 405217100 1,101 20,000 SH Sole 20,000
HALLIBURTON CO COM 406216101 5,302 186,752 SH Sole 186,752
HARLEY DAVIDSON INC COM 412822108 2,029 44,372 SH Sole 83,770
HARRIS CORP DEL COM 413875105 685 16,370 SH Sole 16,370
HARTFORD FINL SVCS GROUP INC COM 416515104 2,477 140,487 SH Sole 140,487
HASBRO INC COM 418056107 602 17,780 SH Sole 42,380
HCA HOLDINGS INC COM 40412C101 3,172 104,230 SH Sole 104,230
HCP INC COM 40414L109 11,861 268,643 SH Sole 1,025,454
HDFC BANK LTD ADR REPS 3 SHS 40415F101 2,826 86,700 SH Sole 76,800 9,900
HEALTH CARE REIT INC COM 42217K106 7,922 135,889 SH Sole 867,242
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
HEALTHCARE RLTY TR COM 421946104 861 36,110 SH Sole 87,410
HEINZ H J CO COM 423074103 14,517 266,947 SH Sole 266,947
HELMERICH & PAYNE INC COM 423452101 678 15,586 SH Sole 16,986
HERBALIFE LTD COM USD SHS G4412G101 783 16,198 SH Sole 16,398
HERSHA HOSPITALITY TR SH BEN INT A 427825104 428 81,000 SH Sole 81,000
HERSHEY CO COM 427866108 3,048 42,315 SH Sole 43,115
HERTZ GLOBAL HOLDINGS INC COM 42805T105 1,421 111,000 SH Sole 235,000
HESS CORP COM 42809H107 3,916 90,132 SH Sole 90,132
HEWLETT PACKARD CO COM 428236103 17,261 858,307 SH Sole 858,307
HIBBETT SPORTS INC COM 428567101 721 12,500 SH Sole 12,500
HIGHWOODS PPTYS INC COM 431284108 1,125 33,430 SH Sole 2,176,530
HOLLYFRONTIER CORP COM 436106108 1,162 32,790 SH Sole 33,190
HOLOGIC INC COM 436440101 650 36,020 SH Sole 73,320
HOME DEPOT INC COM 437076102 32,930 621,433 SH Sole 627,033
HOME PROPERTIES INC COM 437306103 1,365 22,242 SH Sole 41,151
HONEYWELL INTL INC COM 438516106 8,672 155,304 SH Sole 186,834
HORMEL FOODS CORP COM 440452100 1,480 48,662 SH Sole 49,562
HOSPIRA INC COM 441060100 1,048 29,950 SH Sole 45,770
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 1,788 72,166 SH Sole 72,166
HOST HOTELS & RESORTS INC COM 44107P104 7,473 472,367 SH Sole 1,927,431
HUDSON CITY BANCORP COM 443683107 674 105,746 SH Sole 105,746
HUDSON PAC PPTYS INC COM 444097109 265 15,200 SH Sole 15,200
HUMANA INC COM 444859102 3,155 40,742 SH Sole 41,242
HUNT J B TRANS SVCS INC COM 445658107 795 13,333 SH Sole 13,633
HUNTINGTON BANCSHARES INC COM 446150104 389 60,762 SH Sole 113,862
IAC INTERACTIVECORP COM PAR $.001 44919P508 921 20,190 SH Sole 20,190
ICICI BK LTD ADR 45104G104 379 11,700 SH Sole 6,900 4,800
IHS INC CL A 451734107 743 6,900 SH Sole 8,100
ILLINOIS TOOL WKS INC COM 452308109 5,013 94,778 SH Sole 96,678
ILLUMINA INC COM 452327109 735 18,200 SH Sole 82,700
INGERSOLL-RAND PLC SHS G47791101 5,174 122,657 SH Sole 126,057
INGREDION INC COM 457187102 1,470 29,677 SH Sole 29,677
INLAND REAL ESTATE CORP COM NEW 457461200 303 36,200 SH Sole 36,200
INTEGRYS ENERGY GROUP INC COM 45822P105 1,309 23,026 SH Sole 23,026
INTEL CORP SDCV 2.950%12/1 458140AD2 5,834 5,134,000 PRN Sole 5,134,000
INTEL CORP COM 458140100 43,872 1,646,219 SH Sole 2,384,284
INTERCONTINENTALEXCHANGE INC COM 45865V100 1,378 10,136 SH Sole 10,136
INTERNATIONAL BUSINESS MACHS COM 459200101 42,903 219,365 SH Sole 236,165
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 623 11,365 SH Sole 11,365
INTERNATIONAL GAME TECHNOLOG COM 459902102 644 40,870 SH Sole 40,870
INTERPUBLIC GROUP COS INC COM 460690100 1,209 111,410 SH Sole 111,410
INTL PAPER CO COM 460146103 3,231 111,774 SH Sole 118,574
INTUIT COM 461202103 3,713 62,560 SH Sole 168,040
INTUITIVE SURGICAL INC COM NEW 46120E602 4,911 8,868 SH Sole 11,948
INVESCO LTD SHS G491BT108 2,040 90,269 SH Sole 217,329
INVESTORS REAL ESTATE TR SH BEN INT 461730103 313 39,600 SH Sole 39,600
IRON MTN INC COM 462846106 604 18,340 SH Sole 18,440
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 206 29,000 SH Sole 29,000
ISHARES INC MSCI TAIWAN 464286731 1,323 108,140 SH Sole 108,140
ISHARES TR S&P GL INDUSTR 464288729 430 8,600 SH Sole 8,600
ISHARES TR JPMORGAN USD 464288281 665 5,800 SH Sole 5,800
ISHARES TR S&P GBL INF 464287291 227 3,500 SH Sole 3,500
ISHARES TR MSCI PERU CAP 464289842 136 3,200 SH Sole 3,200
ITT CORP NEW COM NEW 450911201 185 10,491 SH Sole 26,838
JABIL CIRCUIT INC COM 466313103 523 25,723 SH Sole 25,723
JACK IN THE BOX INC COM 466367109 566 20,310 SH Sole 20,310
JACOBS ENGR GROUP INC DEL COM 469814107 1,035 27,329 SH Sole 27,329
JOHNSON & JOHNSON COM 478160104 88,019 1,302,824 SH Sole 1,315,316
JOHNSON CTLS INC COM 478366107 4,508 162,687 SH Sole 211,555
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
JOY GLOBAL INC COM 481165108 864 15,227 SH Sole 34,127
JPMORGAN CHASE & CO COM 46625H100 64,308 1,799,832 SH Sole 2,006,732
JUNIPER NETWORKS INC COM 48203R104 1,691 103,656 SH Sole 821,506
KANSAS CITY SOUTHERN COM NEW 485170302 1,107 15,916 SH Sole 20,216
KBR INC COM 48242W106 888 35,953 SH Sole 35,953
KELLOGG CO COM 487836108 3,076 62,361 SH Sole 62,361
KEYCORP NEW COM 493267108 1,871 241,790 SH Sole 241,790
KILROY RLTY CORP COM 49427F108 1,481 30,590 SH Sole 239,890
KIMBERLY CLARK CORP COM 494368103 7,780 92,869 SH Sole 93,869
KIMCO RLTY CORP COM 49446R109 5,395 283,518 SH Sole 444,818
KINDER MORGAN INC DEL COM 49456B101 3,264 101,315 SH Sole 114,276
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 1,395 19,004 SH Sole 21,820
KITE RLTY GROUP TR COM 49803T102 144 28,900 SH Sole 28,900
KLA-TENCOR CORP COM 482480100 2,138 43,418 SH Sole 48,818
KOHLS CORP COM 500255104 3,032 66,648 SH Sole 66,648
KRAFT FOODS INC CL A 50075N104 15,602 403,998 SH Sole 486,768
KROGER CO COM 501044101 5,261 226,845 SH Sole 227,245
L-3 COMMUNICATIONS HLDGS INC COM 502424104 2,213 29,896 SH Sole 29,896
LABORATORY CORP AMER HLDGS COM NEW 50540R409 1,698 18,333 SH Sole 18,333
LAM RESEARCH CORP COM 512807108 1,436 38,057 SH Sole 39,257
LANCASTER COLONY CORP COM 513847103 712 10,000 SH Sole 10,000
LAS VEGAS SANDS CORP COM 517834107 3,018 69,394 SH Sole 120,747
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 1,148 39,380 SH Sole 90,442
LAUDER ESTEE COS INC CL A 518439104 2,360 43,616 SH Sole 134,835
LAZARD LTD SHS A G54050102 6,941 267,063 SH Sole 267,063
LEGG MASON INC COM 524901105 1,001 37,954 SH Sole 37,954
LEGGETT & PLATT INC COM 524660107 702 33,206 SH Sole 33,206
LEUCADIA NATL CORP COM 527288104 632 29,730 SH Sole 29,730
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 476 21,490 SH Sole 21,490
LEXINGTON REALTY TRUST COM 529043101 544 64,240 SH Sole 64,240
LIBERTY GLOBAL INC COM SER A 530555101 2,315 46,655 SH Sole 89,155
LIBERTY GLOBAL INC COM SER C 530555309 863 18,080 SH Sole 18,780
LIBERTY INTERACTIVE CORPORAT INT COM SER A 53071M104 2,353 132,292 SH Sole 132,292
LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 1,387 15,775 SH Sole 16,075
LIBERTY PPTY TR SH BEN INT 531172104 2,830 76,831 SH Sole 2,789,331
LIFE TECHNOLOGIES CORP COM 53217V109 1,532 34,047 SH Sole 82,450
LILLY ELI & CO COM 532457108 11,674 272,048 SH Sole 352,148
LIMITED BRANDS INC COM 532716107 2,716 63,867 SH Sole 162,896
LINCOLN NATL CORP IND COM 534187109 1,880 85,949 SH Sole 86,949
LINEAR TECHNOLOGY CORP COM 535678106 10,683 340,969 SH Sole 340,969
LINKEDIN CORP COM CL A 53578A108 691 6,500 SH Sole 251,275
LOCKHEED MARTIN CORP COM 539830109 12,587 144,546 SH Sole 145,846
LOEWS CORP COM 540424108 3,621 88,500 SH Sole 88,500
LORILLARD INC COM 544147101 14,679 111,243 SH Sole 149,143
LOWES COS INC COM 548661107 8,238 289,661 SH Sole 352,261
LSI CORPORATION COM 502161102 913 143,378 SH Sole 143,378
LTC PPTYS INC COM 502175102 519 14,300 SH Sole 14,300
LULULEMON ATHLETICA INC COM 550021109 835 14,000 SH Sole 14,700
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,716 92,280 SH Sole 108,528
M & T BK CORP COM 55261F104 11,222 135,912 SH Sole 135,912
MACERICH CO COM 554382101 4,634 78,471 SH Sole 1,861,474
MACK CALI RLTY CORP COM 554489104 1,179 40,560 SH Sole 40,560
MACYS INC COM 55616P104 3,386 98,566 SH Sole 214,981
MANPOWERGROUP INC COM 56418H100 1,301 35,500 SH Sole 35,500
MARATHON OIL CORP COM 565849106 5,802 226,904 SH Sole 241,204
MARATHON PETE CORP COM 56585A102 5,299 117,962 SH Sole 119,012
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 271 10,600 SH Sole 10,600
MARRIOTT INTL INC NEW CL A 571903202 2,405 61,358 SH Sole 93,358
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 477 15,400 SH Sole 15,400
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
MARSH & MCLENNAN COS INC COM 571748102 3,613 112,114 SH Sole 113,214
MARTIN MARIETTA MATLS INC COM 573284106 521 6,610 SH Sole 6,910
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 1,536 136,132 SH Sole 1,552,057
MASCO CORP COM 574599106 1,449 104,496 SH Sole 213,296
MASTERCARD INC CL A 57636Q104 7,562 17,582 SH Sole 27,082
MATTEL INC COM 577081102 2,534 78,107 SH Sole 81,207
MAXIM INTEGRATED PRODS INC COM 57772K101 2,561 99,898 SH Sole 117,598
MCCORMICK & CO INC COM NON VTG 579780206 1,523 25,117 SH Sole 25,117
MCDERMOTT INTL INC COM 580037109 114 10,240 SH Sole 10,240
MCDONALDS CORP COM 580135101 24,784 279,947 SH Sole 295,947
MCGRAW HILL COS INC COM 580645109 5,393 119,845 SH Sole 120,645
MCKESSON CORP COM 58155Q103 7,189 76,687 SH Sole 111,047
MDU RES GROUP INC COM 552690109 975 45,095 SH Sole 45,095
MEAD JOHNSON NUTRITION CO COM 582839106 2,393 29,725 SH Sole 31,825
MEADWESTVACO CORP COM 583334107 1,167 40,589 SH Sole 40,889
MECHEL OAO SPONSORED ADR 583840103 422 65,400 SH Sole 65,400
MEDICAL PPTYS TRUST INC COM 58463J304 596 62,000 SH Sole 183,050
MEDTRONIC INC COM 585055106 17,247 445,313 SH Sole 445,513
MELCO CROWN ENTMT LTD ADR 585464100 691 60,000 SH Sole 60,000
MERCK & CO INC NEW COM 58933Y105 80,400 1,925,752 SH Sole 2,044,005
METLIFE INC COM 59156R108 17,340 562,069 SH Sole 594,069
METROPCS COMMUNICATIONS INC COM 591708102 283 46,830 SH Sole 46,830
MGM RESORTS INTERNATIONAL COM 552953101 1,195 107,078 SH Sole 120,278
MICROCHIP TECHNOLOGY INC COM 595017104 17,900 541,125 SH Sole 543,525
MICRON TECHNOLOGY INC COM 595112103 3,211 508,904 SH Sole 508,904
MICROSOFT CORP COM 594918104 57,123 1,867,380 SH Sole 3,063,345
MID-AMER APT CMNTYS INC COM 59522J103 1,260 18,460 SH Sole 18,460
MIDDLEBY CORP COM 596278101 498 5,000 SH Sole 5,000
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 3,198 185,910 SH Sole 251,610
MOHAWK INDS INC COM 608190104 1,238 17,731 SH Sole 19,831
MOLEX INC COM 608554101 5,377 224,610 SH Sole 224,610
MOLSON COORS BREWING CO CL B 60871R209 1,432 34,425 SH Sole 34,725
MONMOUTH REAL ESTATE INVT CO CL A 609720107 214 18,300 SH Sole 18,300
MONSANTO CO NEW COM 61166W101 10,231 123,594 SH Sole 143,604
MONSTER BEVERAGE CORP COM 611740101 1,569 22,040 SH Sole 36,650
MOODYS CORP COM 615369105 1,096 29,980 SH Sole 31,180
MORGAN STANLEY COM NEW 617446448 8,000 548,347 SH Sole 548,347
MOSAIC CO NEW COM 61945C103 3,520 64,275 SH Sole 64,275
MOTOROLA SOLUTIONS INC COM NEW 620076307 3,020 62,781 SH Sole 64,966
MPG OFFICE TR INC COM 553274101 43 21,200 SH Sole 21,200
MURPHY OIL CORP COM 626717102 2,569 51,077 SH Sole 51,077
MYLAN INC COM 628530107 1,376 64,380 SH Sole 123,177
NABORS INDUSTRIES LTD SHS G6359F103 1,189 82,567 SH Sole 82,567
NASDAQ OMX GROUP INC COM 631103108 829 36,573 SH Sole 36,573
NATIONAL HEALTH INVS INC COM 63633D104 645 12,660 SH Sole 12,660
NATIONAL INSTRS CORP COM 636518102 3,079 114,650 SH Sole 114,650
NATIONAL OILWELL VARCO INC COM 637071101 8,115 125,925 SH Sole 132,325
NATIONAL RETAIL PPTYS INC COM 637417106 1,381 48,810 SH Sole 495,910
NETAPP INC COM 64110D104 5,700 179,120 SH Sole 355,190
NETFLIX INC COM 64110L106 523 7,640 SH Sole 62,770
NEW YORK CMNTY BANCORP INC COM 649445103 1,205 96,191 SH Sole 96,191
NEWELL RUBBERMAID INC COM 651229106 1,254 69,129 SH Sole 72,429
NEWFIELD EXPL CO COM 651290108 980 33,429 SH Sole 55,829
NEWMONT MINING CORP COM 651639106 4,638 95,602 SH Sole 96,302
NEWS CORP CL B 65248E203 2,326 103,280 SH Sole 106,480
NEWS CORP CL A 65248E104 9,053 406,145 SH Sole 409,645
NEXTERA ENERGY INC COM 65339F101 7,245 105,296 SH Sole 125,141
NIELSEN HOLDINGS N V COM N63218106 511 19,480 SH Sole 236,080
NII HLDGS INC CL B NEW 62913F201 462 45,190 SH Sole 45,190
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
NIKE INC CL B 654106103 6,211 70,757 SH Sole 140,059
NISOURCE INC COM 65473P105 2,049 82,788 SH Sole 164,478
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 1,681 51,662 SH Sole 51,662
NOBLE ENERGY INC COM 655044105 2,920 34,429 SH Sole 54,419
NORDSTROM INC COM 655664100 1,801 36,243 SH Sole 56,793
NORFOLK SOUTHERN CORP COM 655844108 5,282 73,602 SH Sole 74,302
NORTHEAST UTILS COM 664397106 2,982 76,837 SH Sole 77,131
NORTHERN TR CORP COM 665859104 2,596 56,403 SH Sole 56,403
NORTHROP GRUMMAN CORP COM 666807102 7,946 124,564 SH Sole 124,564
NRG ENERGY INC COM NEW 629377508 1,573 90,607 SH Sole 90,607
NUANCE COMMUNICATIONS INC COM 67020Y100 867 36,400 SH Sole 659,590
NUCOR CORP COM 670346105 21,955 579,287 SH Sole 586,187
NUVASIVE INC COM 670704105 634 25,000 SH Sole 25,000
NV ENERGY INC COM 67073Y106 4,735 269,350 SH Sole 269,350
NVIDIA CORP COM 67066G104 1,792 129,665 SH Sole 129,665
NYSE EURONEXT COM 629491101 7,612 297,570 SH Sole 297,570
O REILLY AUTOMOTIVE INC NEW COM 67103H107 1,614 19,273 SH Sole 35,653
OCCIDENTAL PETE CORP DEL COM 674599105 14,226 165,861 SH Sole 165,861
OLD REP INTL CORP COM 680223104 216 26,060 SH Sole 26,060
OMEGA HEALTHCARE INVS INC COM 681936100 1,067 47,400 SH Sole 47,400
OMNICARE INC COM 681904108 736 23,560 SH Sole 25,360
OMNICOM GROUP INC COM 681919106 3,104 63,864 SH Sole 63,864
ON SEMICONDUCTOR CORP COM 682189105 419 59,066 SH Sole 59,066
ONEOK INC NEW COM 682680103 2,087 49,326 SH Sole 56,526
ORACLE CORP COM 68389X105 24,862 837,109 SH Sole 901,209
OWENS ILL INC COM NEW 690768403 814 42,457 SH Sole 42,457
PACCAR INC COM 693718108 3,181 81,167 SH Sole 81,167
PALL CORP COM 696429307 906 16,536 SH Sole 116,471
PARKER HANNIFIN CORP COM 701094104 2,660 34,602 SH Sole 35,202
PARKWAY PPTYS INC COM 70159Q104 125 10,900 SH Sole 10,900
PARTNERRE LTD COM G6852T105 1,257 16,607 SH Sole 16,607
PATTERSON COMPANIES INC COM 703395103 467 13,540 SH Sole 13,540
PAYCHEX INC COM 704326107 13,632 433,993 SH Sole 435,893
PEABODY ENERGY CORP COM 704549104 3,876 158,062 SH Sole 173,062
PEBBLEBROOK HOTEL TR COM 70509V100 562 24,100 SH Sole 24,100
PENNEY J C INC COM 708160106 1,309 56,174 SH Sole 57,574
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 382 25,470 SH Sole 25,470
PENTAIR INC COM 709631105 521 13,618 SH Sole 215,224
PEOPLES UNITED FINANCIAL INC COM 712704105 5,621 484,157 SH Sole 484,557
PEPCO HOLDINGS INC COM 713291102 1,365 69,768 SH Sole 137,368
PEPSICO INC COM 713448108 29,367 415,615 SH Sole 429,615
PERRIGO CO COM 714290103 2,443 20,713 SH Sole 47,679
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 206 11,000 SH Sole 866,410
PETSMART INC COM 716768106 2,147 31,493 SH Sole 33,293
PFIZER INC COM 717081103 44,245 1,923,703 SH Sole 2,146,204
PG&E CORP COM 69331C108 6,038 133,371 SH Sole 133,371
PHILIP MORRIS INTL INC COM 718172109 67,276 770,981 SH Sole 811,371
PHILLIPS 66 COM 718546104 6,610 198,862 SH Sole 199,312
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 1,337 77,710 SH Sole 77,710
PINNACLE WEST CAP CORP COM 723484101 1,397 26,993 SH Sole 40,893
PIONEER NAT RES CO COM 723787107 1,918 21,739 SH Sole 32,929
PITNEY BOWES INC COM 724479100 703 46,933 SH Sole 46,933
PLAINS EXPL& PRODTN CO COM 726505100 1,137 32,320 SH Sole 36,920
PLUM CREEK TIMBER CO INC COM 729251108 1,304 32,858 SH Sole 32,858
PNC FINL SVCS GROUP INC COM 693475105 15,819 258,869 SH Sole 285,969
POOL CORPORATION COM 73278L105 607 15,000 SH Sole 15,000
POSCO SPONSORED ADR 693483109 282 3,510 SH Sole 3,510
POST PPTYS INC COM 737464107 1,194 24,400 SH Sole 78,900
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 12,939 502,468 SH Sole 502,468
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 542 19,200 SH Sole 19,200
PPG INDS INC COM 693506107 3,578 33,716 SH Sole 34,116
PPL CORP COM 69351T106 3,828 137,643 SH Sole 140,643
PRAXAIR INC COM 74005P104 7,010 64,474 SH Sole 74,234
PRECISION CASTPARTS CORP COM 740189105 4,254 25,859 SH Sole 40,959
PRICE T ROWE GROUP INC COM 74144T108 3,403 54,052 SH Sole 69,162
PRICELINE COM INC COM NEW 741503403 6,842 10,296 SH Sole 11,356
PRINCIPAL FINL GROUP INC COM 74251V102 2,135 81,384 SH Sole 81,384
PROCTER & GAMBLE CO COM 742718109 45,090 736,165 SH Sole 738,265
PROGRESS ENERGY INC COM 743263105 4,423 73,515 SH Sole 87,585
PROGRESSIVE CORP OHIO COM 743315103 2,945 141,383 SH Sole 141,383
PROLOGIS INC COM 74340W103 10,027 301,747 SH Sole 1,383,198
PRUDENTIAL FINL INC COM 744320102 5,953 122,924 SH Sole 122,924
PS BUSINESS PKS INC CALIF COM 69360J107 584 8,630 SH Sole 8,630
PUBLIC STORAGE COM 74460D109 13,471 93,286 SH Sole 377,602
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4,252 130,820 SH Sole 131,320
PVH CORP COM 693656100 806 10,357 SH Sole 66,801
QEP RES INC COM 74733V100 995 33,188 SH Sole 33,188
QUALCOMM INC COM 747525103 24,831 445,955 SH Sole 469,935
QUANTA SVCS INC COM 74762E102 706 29,340 SH Sole 29,340
QUEST DIAGNOSTICS INC COM 74834L100 1,901 31,742 SH Sole 31,742
QUESTAR CORP COM 748356102 202 9,678 SH Sole 9,678
RACKSPACE HOSTING INC COM 750086100 707 16,100 SH Sole 17,100
RALCORP HLDGS INC NEW COM 751028101 545 8,161 SH Sole 8,161
RALPH LAUREN CORP CL A 751212101 1,350 9,640 SH Sole 37,544
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 282 22,400 SH Sole 22,400
RANGE RES CORP COM 75281A109 1,412 22,821 SH Sole 68,408
RAYONIER INC COM 754907103 779 17,340 SH Sole 19,140
RAYTHEON CO COM NEW 755111507 12,149 214,676 SH Sole 215,576
REALTY INCOME CORP COM 756109104 2,507 60,020 SH Sole 60,020
RED HAT INC COM 756577102 1,531 27,100 SH Sole 42,630
REGENCY CTRS CORP COM 758849103 2,471 51,950 SH Sole 402,050
REGENERON PHARMACEUTICALS COM 75886F107 1,230 10,770 SH Sole 37,370
REGIONS FINANCIAL CORP NEW COM 7591EP100 2,659 393,860 SH Sole 407,560
RENAISSANCERE HOLDINGS LTD COM G7496G103 585 7,692 SH Sole 7,692
REPUBLIC SVCS INC COM 760759100 6,244 235,970 SH Sole 383,850
RETAIL OPPORTUNITY INVTS COR COM 76131N101 279 23,100 SH Sole 23,100
REYNOLDS AMERICAN INC COM 761713106 4,267 95,108 SH Sole 102,308
RITE AID CORP COM 767754104 23 16,520 SH Sole 16,520
RLJ LODGING TR COM 74965L101 241 13,280 SH Sole 863,669
ROBERT HALF INTL INC COM 770323103 573 20,040 SH Sole 23,240
ROCK-TENN CO CL A 772739207 534 9,796 SH Sole 11,396
ROCKWELL AUTOMATION INC COM 773903109 1,699 25,713 SH Sole 28,713
ROCKWELL COLLINS INC COM 774341101 1,278 25,899 SH Sole 25,899
ROPER INDS INC NEW COM 776696106 1,342 13,609 SH Sole 75,644
ROSS STORES INC COM 778296103 4,522 72,388 SH Sole 80,788
ROUSE PPTYS INC COM 779287101 141 10,372 SH Sole 10,372
ROWAN COMPANIES PLC SHS CL A G7665A101 567 17,540 SH Sole 17,540
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1,206 46,331 SH Sole 46,331
RYDER SYS INC COM 783549108 357 9,906 SH Sole 9,906
SAFEWAY INC COM NEW 786514208 2,331 128,409 SH Sole 133,609
SAIC INC COM 78390X101 1,280 105,630 SH Sole 105,630
SALESFORCE COM INC COM 79466L302 2,584 18,690 SH Sole 275,690
SANDISK CORP COM 80004C101 2,564 70,288 SH Sole 76,888
SARA LEE CORP COM 803111103 2,858 98,600 SH Sole 100,400
SAUL CTRS INC COM 804395101 225 5,250 SH Sole 5,250
SBA COMMUNICATIONS CORP COM 78388J106 1,746 30,600 SH Sole 33,500
SCANA CORP NEW COM 80589M102 1,373 28,710 SH Sole 32,010
SCHEIN HENRY INC COM 806407102 1,555 19,814 SH Sole 20,814
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD COM 806857108 16,223 249,934 SH Sole 273,474
SCHWAB CHARLES CORP NEW COM 808513105 3,106 240,192 SH Sole 240,192
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 741 13,030 SH Sole 13,030
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,983 120,615 SH Sole 131,915
SEALED AIR CORP NEW COM 81211K100 388 25,120 SH Sole 25,120
SEARS HLDGS CORP COM 812350106 2,117 35,460 SH Sole 35,460
SEI INVESTMENTS CO COM 784117103 436 21,928 SH Sole 21,928
SEMPRA ENERGY COM 816851109 4,014 58,269 SH Sole 59,169
SENIOR HSG PPTYS TR SH BEN INT 81721M109 1,632 73,140 SH Sole 132,787
SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 372 13,900 SH Sole 13,900
SHERWIN WILLIAMS CO COM 824348106 2,543 19,216 SH Sole 21,416
SIGMA ALDRICH CORP COM 826552101 1,311 17,727 SH Sole 18,127
SIMON PPTY GROUP INC NEW COM 828806109 29,074 186,777 SH Sole 1,419,185
SIRIUS XM RADIO INC COM 82967N108 1,016 549,420 SH Sole 549,420
SKYWORKS SOLUTIONS INC COM 83088M102 825 30,140 SH Sole 30,140
SL GREEN RLTY CORP COM 78440X101 4,284 53,392 SH Sole 484,340
SLM CORP COM 78442P106 2,079 132,357 SH Sole 132,357
SMITHFIELD FOODS INC COM 832248108 796 36,783 SH Sole 36,783
SMUCKER J M CO COM NEW 832696405 2,147 28,432 SH Sole 28,532
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 796 14,300 SH Sole 14,300
SOURCEFIRE INC COM 83616T108 771 15,000 SH Sole 15,000
SOUTHERN CO COM 842587107 24,051 519,468 SH Sole 520,968
SOUTHERN COPPER CORP COM 84265V105 9,239 293,223 SH Sole 293,223
SOUTHWEST AIRLS CO COM 844741108 944 102,349 SH Sole 102,349
SOUTHWESTERN ENERGY CO COM 845467109 1,994 62,450 SH Sole 165,713
SOVRAN SELF STORAGE INC COM 84610H108 650 12,980 SH Sole 12,980
SPDR GOLD TRUST GOLD SHS 78463V107 25,653 165,300 SH Sole 165,300
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 266 6,700 SH Sole 6,700
SPDR SERIES TRUST BARCL CAP TIPS 78464A656 650 10,900 SH Sole 10,900
SPECTRA ENERGY CORP COM 847560109 3,908 134,494 SH Sole 146,894
SPIRIT AIRLS INC COM 848577102 584 30,000 SH Sole 30,000
SPRINT NEXTEL CORP COM SER 1 852061100 4,644 1,424,416 SH Sole 1,424,416
SPX CORP COM 784635104 466 7,132 SH Sole 8,132
ST JUDE MED INC COM 790849103 2,256 56,528 SH Sole 56,528
STANLEY BLACK & DECKER INC COM 854502101 2,085 32,391 SH Sole 48,091
STAPLES INC COM 855030102 2,358 180,702 SH Sole 180,702
STARBUCKS CORP COM 855244109 7,873 147,661 SH Sole 175,371
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 1,976 37,263 SH Sole 93,784
STATE STR CORP COM 857477103 9,322 208,820 SH Sole 208,820
STERICYCLE INC COM 858912108 1,638 17,873 SH Sole 43,559
STERLITE INDS INDIA LTD ADS 859737207 246 32,500 SH Sole 32,500
STRATEGIC HOTELS & RESORTS I COM 86272T106 512 79,300 SH Sole 2,350,923
STRYKER CORP COM 863667101 3,171 57,544 SH Sole 57,544
SUMMIT HOTEL PPTYS INC COM 866082100 116 13,900 SH Sole 13,900
SUN COMMUNITIES INC COM 866674104 531 12,010 SH Sole 12,010
SUNCOR ENERGY INC NEW COM 867224107 565 19,512 SH Sole 19,512
SUNOCO INC COM 86764P109 2,346 49,379 SH Sole 51,179
SUNSTONE HOTEL INVS INC NEW COM 867892101 622 56,590 SH Sole 230,385
SUNTRUST BKS INC COM 867914103 6,536 269,729 SH Sole 310,129
SUPERIOR ENERGY SVCS INC COM 868157108 463 22,880 SH Sole 22,880
SVB FINL GROUP COM 78486Q101 593 10,103 SH Sole 10,103
SXC HEALTH SOLUTIONS CORP COM 78505P100 992 10,000 SH Sole 10,000
SYMANTEC CORP COM 871503108 2,317 158,595 SH Sole 400,605
SYNOPSYS INC COM 871607107 628 21,350 SH Sole 23,650
SYSCO CORP COM 871829107 21,502 721,293 SH Sole 721,293
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 816 58,459 SH Sole 58,459
TANGER FACTORY OUTLET CTRS I COM 875465106 1,332 41,550 SH Sole 224,950
TARGET CORP COM 87612E106 14,075 241,881 SH Sole 242,581
TATA MTRS LTD SPONSORED ADR 876568502 189 8,600 SH Sole 8,600
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
TAUBMAN CTRS INC COM 876664103 2,035 26,380 SH Sole 1,065,739
TD AMERITRADE HLDG CORP COM 87236Y108 984 57,877 SH Sole 57,877
TE CONNECTIVITY LTD REG SHS H84989104 3,168 99,266 SH Sole 99,966
TECO ENERGY INC COM 872375100 363 20,100 SH Sole 37,700
TELECOM ARGENTINA S A SPON ADR REP B 879273209 406 34,400 SH Sole 34,400
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 8,261 333,900 SH Sole 616,180
TELEPHONE & DATA SYS INC COM NEW 879433829 307 14,411 SH Sole 14,411
TERADATA CORP DEL COM 88076W103 1,775 24,653 SH Sole 39,043
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 9,395 238,200 SH Sole 271,602
TEXAS INSTRS INC COM 882508104 8,149 284,025 SH Sole 284,525
TEXTRON INC COM 883203101 1,833 73,702 SH Sole 78,302
THERMO FISHER SCIENTIFIC INC COM 883556102 4,045 77,915 SH Sole 224,115
TIBCO SOFTWARE INC COM 88632Q103 898 30,000 SH Sole 482,600
TIFFANY & CO NEW COM 886547108 985 18,604 SH Sole 44,188
TIME WARNER CABLE INC COM 88732J207 12,803 155,950 SH Sole 155,950
TIME WARNER INC COM NEW 887317303 9,876 256,509 SH Sole 259,409
TJX COS INC NEW COM 872540109 6,047 140,848 SH Sole 182,948
TOLL BROTHERS INC COM 889478103 629 21,170 SH Sole 24,970
TORCHMARK CORP COM 891027104 1,339 26,498 SH Sole 29,548
TOTAL SYS SVCS INC COM 891906109 670 28,018 SH Sole 30,918
TRACTOR SUPPLY CO COM 892356106 1,725 20,766 SH Sole 20,966
TRANSCANADA CORP COM 89353D107 352 8,400 SH Sole 8,400
TRANSDIGM GROUP INC COM 893641100 976 7,269 SH Sole 7,569
TRANSOCEAN LTD REG SHS H8817H100 1,562 34,919 SH Sole 34,919
TRAVELERS COMPANIES INC COM 89417E109 10,541 165,120 SH Sole 165,120
TRIMBLE NAVIGATION LTD COM 896239100 861 18,721 SH Sole 51,741
TRIPADVISOR INC COM 896945201 782 17,500 SH Sole 139,500
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1,131 30,770 SH Sole 30,770
TYCO INTERNATIONAL LTD SHS H89128104 5,444 103,010 SH Sole 133,310
TYSON FOODS INC CL A 902494103 2,114 112,270 SH Sole 112,970
UDR INC COM 902653104 3,926 151,950 SH Sole 3,357,336
ULTA SALON COSMETCS & FRAG I COM 90384S303 2,000 21,420 SH Sole 21,620
ULTRA PETROLEUM CORP COM 903914109 477 20,660 SH Sole 20,660
UNION PAC CORP COM 907818108 11,029 92,437 SH Sole 112,437
UNITED CONTL HLDGS INC COM 910047109 1,170 48,080 SH Sole 143,380
UNITED PARCEL SERVICE INC CL B 911312106 32,871 417,362 SH Sole 417,962
UNITED STATES OIL FUND LP UNITS 91232N108 455 14,300 SH Sole 14,300
UNITED STATES STL CORP NEW COM 912909108 1,068 51,853 SH Sole 51,853
UNITED TECHNOLOGIES CORP COM 913017109 20,820 275,651 SH Sole 275,651
UNITEDHEALTH GROUP INC COM 91324P102 15,151 258,991 SH Sole 307,591
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 253 6,100 SH Sole 6,100
UNUM GROUP COM 91529Y106 1,490 77,863 SH Sole 77,863
URBAN OUTFITTERS INC COM 917047102 494 17,920 SH Sole 122,120
URS CORP NEW COM 903236107 767 21,990 SH Sole 22,590
URSTADT BIDDLE PPTYS INS CL A 917286205 227 11,500 SH Sole 11,500
US BANCORP DEL COM NEW 902973304 13,476 419,019 SH Sole 426,019
V F CORP COM 918204108 2,533 18,980 SH Sole 37,280
VALE S A ADR 91912E105 13,738 692,100 SH Sole 1,667,312
VALERO ENERGY CORP NEW COM 91913Y100 5,731 237,316 SH Sole 237,316
VANGUARD INDEX FDS S&P 500 ETF SH 922908413 2,678 43,000 SH Sole 43,000
VANGUARD INDEX FDS SMALL CP ETF 922908751 2,471 32,500 SH Sole 32,500
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 14,174 354,800 SH Sole 354,800
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 1,742 21,400 SH Sole 21,400
VANGUARD INTL EQUITY INDEX F MSCI EUROPE ETF 922042874 548 12,800 SH Sole 12,800
VANGUARD TAX MANAGED INTL FD MSCI EAFE ETF 921943858 919 29,100 SH Sole 29,100
VARIAN MED SYS INC COM 92220P105 1,011 16,637 SH Sole 16,937
VEECO INSTRS INC DEL COM 922417100 687 20,000 SH Sole 42,218
VENTAS INC COM 92276F100 11,460 181,559 SH Sole 2,130,645
VERIFONE SYS INC COM 92342Y109 539 16,300 SH Sole 16,900
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
VERISIGN INC COM 92343E102 1,023 23,470 SH Sole 26,770
VERISK ANALYTICS INC CL A 92345Y106 1,034 21,000 SH Sole 47,720
VERIZON COMMUNICATIONS INC COM 92343V104 47,763 1,074,773 SH Sole 1,080,673
VERTEX PHARMACEUTICALS INC COM 92532F100 2,290 40,960 SH Sole 133,367
VIACOM INC NEW CL B 92553P201 4,639 98,661 SH Sole 118,661
VIRGIN MEDIA INC COM 92769L101 1,671 68,520 SH Sole 68,520
VISA INC COM CL A 92826C839 11,254 91,029 SH Sole 120,159
VIVUS INC COM 928551100 714 25,000 SH Sole 25,000
VMWARE INC CL A COM 928563402 1,579 17,340 SH Sole 65,840
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 939 33,310 SH Sole 33,310
VORNADO RLTY TR SH BEN INT 929042109 10,084 120,078 SH Sole 1,147,546
VULCAN MATLS CO COM 929160109 1,037 26,118 SH Sole 26,118
WALGREEN CO COM 931422109 16,217 548,257 SH Sole 585,057
WAL-MART STORES INC COM 931142103 45,338 650,287 SH Sole 651,587
WALTER ENERGY INC COM 93317Q105 387 8,770 SH Sole 8,770
WARNACO GROUP INC COM NEW 934390402 1,849 43,425 SH Sole 69,160
WARNER CHILCOTT PLC IRELAND SHS A G94368100 889 49,620 SH Sole 49,620
WASHINGTON POST CO CL B 939640108 523 1,399 SH Sole 1,399
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 870 30,570 SH Sole 30,570
WASTE MGMT INC DEL COM 94106L109 3,770 112,884 SH Sole 224,676
WATERS CORP COM 941848103 1,271 15,997 SH Sole 47,997
WATSON PHARMACEUTICALS INC COM 942683103 1,384 18,702 SH Sole 48,297
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 1,964 155,491 SH Sole 156,591
WEINGARTEN RLTY INVS SH BEN INT 948741103 1,439 54,630 SH Sole 94,371
WELLPOINT INC COM 94973V107 13,328 208,930 SH Sole 209,430
WELLS FARGO & CO NEW COM 949746101 58,901 1,761,400 SH Sole 1,908,040
WESTAMERICA BANCORPORATION COM 957090103 420 8,900 SH Sole 8,900
WESTERN DIGITAL CORP COM 958102105 1,596 52,353 SH Sole 52,853
WESTERN UN CO COM 959802109 1,950 115,791 SH Sole 322,091
WEYERHAEUSER CO COM 962166104 2,736 122,352 SH Sole 124,952
WHIRLPOOL CORP COM 963320106 1,471 24,048 SH Sole 24,048
WHITING PETE CORP NEW COM 966387102 707 17,182 SH Sole 17,182
WHOLE FOODS MKT INC COM 966837106 4,473 46,927 SH Sole 84,639
WILLIAMS COS INC DEL COM 969457100 3,640 126,300 SH Sole 147,200
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 1,302 35,670 SH Sole 36,370
WINDSTREAM CORP COM 97381W104 1,360 140,769 SH Sole 195,769
WINTHROP RLTY TR SH BEN INT NEW 976391300 180 14,800 SH Sole 14,800
WISCONSIN ENERGY CORP COM 976657106 12,934 326,860 SH Sole 328,560
WPX ENERGY INC COM 98212B103 382 23,612 SH Sole 71,512
WYNDHAM WORLDWIDE CORP COM 98310W108 1,156 21,920 SH Sole 24,020
WYNN RESORTS LTD COM 983134107 1,902 18,341 SH Sole 25,671
XCEL ENERGY INC COM 98389B100 3,816 134,306 SH Sole 136,206
XEROX CORP COM 984121103 3,021 383,916 SH Sole 478,916
XILINX INC COM 983919101 7,381 219,875 SH Sole 220,075
XL GROUP PLC SHS G98290102 1,783 84,743 SH Sole 200,443
XYLEM INC COM 98419M100 690 27,400 SH Sole 570,742
YAHOO INC COM 984332106 3,832 242,056 SH Sole 498,601
YUM BRANDS INC COM 988498101 5,335 82,822 SH Sole 118,722
ZILLOW INC CL A 98954A107 579 15,000 SH Sole 15,000
ZIMMER HLDGS INC COM 98956P102 2,461 38,239 SH Sole 38,239
Total 4,452,871