0000904163-12-000003.txt : 20120809 0000904163-12-000003.hdr.sgml : 20120809 20120809155511 ACCESSION NUMBER: 0000904163-12-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120809 DATE AS OF CHANGE: 20120809 EFFECTIVENESS DATE: 20120809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN NATIONAL INSURANCE CO /TX/ CENTRAL INDEX KEY: 0000904163 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 740484030 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04382 FILM NUMBER: 121020312 BUSINESS ADDRESS: STREET 1: ONE MOODY PLAZA, 14TH FL STREET 2: SEC UNIT - 8TH FLOOR CITY: GALVESTON STATE: TX ZIP: 77550 BUSINESS PHONE: 409-766-6480 MAIL ADDRESS: STREET 1: ONE MOODY PLZ CITY: GALVESTON STATE: TX ZIP: 77550 13F-HR 1 a13f0612anico.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: American National Insurance Company Address: One Moody Plaza Galveston, TX 77550 Form 13F File Number: 28-04382 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: Gordon D. Dixon Title: Senior Vice President/ Chief Investment Officer Phone: (281) 521-3482 Signature, Place, and Date of Signing: _____________________________ League City, TX __June 30, 2012 [Signature] [City, State] [Date] Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- 14457 American National Registered Investment Advisor [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: ______________0__________ Form 13F Information Table Entry Total: ___________326_________ Form 13F Information Table Value Total: ________ 1138_________ (thousands) List of Other Included Managers: None Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. 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 [Repeat as necessary] FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABB Ltd-Spon ADR COM 000375204 520 31850.00000 SH Sole 31850.00000 Abbott Labs. COM 002824100 10638 165000.00000 SH Sole 165000.00000 Adobe Systems COM 00724f101 6212 191900.00000 SH Sole 191900.00000 Aecom Technology Corp COM 00766T100 1558 94725.00000 SH Sole 94725.00000 Aegon NV ADR COM 007924103 52 11200.00000 SH Sole 11200.00000 Ageas COM 00844w109 43 21600.00000 SH Sole 21600.00000 Akamai Technologies Inc. COM 00971t101 3332 104950.00000 SH Sole 104950.00000 Alcatel-Lucent ADR COM 013904305 32 19900.00000 SH Sole 19900.00000 AllianceBernstein Holding LP COM 01881G106 148 11700.00000 SH Sole 11700.00000 Altria Group, Inc. COM 02209s103 18080 523300.00000 SH Sole 523300.00000 Amdocs Ltd COM G02602103 2420 81425.00000 SH Sole 81425.00000 Amedisys Inc. COM 023436108 779 62585.00000 SH Sole 62585.00000 Ameren Corp. COM 023608102 918 27360.00000 SH Sole 27360.00000 America Movil SA de CV ADR COM 02364w105 751 28800.00000 SH Sole 28800.00000 American Express COM 025816109 7819 134325.00000 SH Sole 134325.00000 American States Water Co COM 029899101 653 16500.00000 SH Sole 16500.00000 Anadarko Petroleum Corp. COM 032511107 6228 94075.00000 SH Sole 94075.00000 Anheuser-Busch COM 03524a108 6838 85850.00000 SH Sole 85850.00000 Apple Inc COM 037833100 36223 62025.00000 SH Sole 62025.00000 Applied Materials Inc. COM 038222105 215 18775.00000 SH Sole 18775.00000 Arch Coal Inc COM 039380100 1480 214750.00000 SH Sole 214750.00000 Arrow Financial Corp COM 042744102 1305 53991.00000 SH Sole 53991.00000 Arthur J. Gallagher & Co. COM 363576109 4748 135400.00000 SH Sole 135400.00000 AstraZeneca Group PLC ADR COM 046353108 590 13175.00000 SH Sole 13175.00000 AT&T Inc. COM 00206R102 15388 431528.00000 SH Sole 431528.00000 Atmos Energy Corp. COM 049560105 1748 49850.00000 SH Sole 49850.00000 Avalonbay Communities, Inc. COM 053484101 2282 16129.00000 SH Sole 16129.00000 AXA SA COM 054536107 350 26300.00000 SH Sole 26300.00000 Baker Hughes COM 057224107 4009 97550.00000 SH Sole 97550.00000 Banco Bilbao Vizcaya Argentari COM 05946K101 755 106836.00006 SH Sole 106836.00006 Banco Santander Central Hispan COM 05964h105 396 60300.00000 SH Sole 60300.00000 Bank of New York Mellon Corp. COM 064058100 5436 247632.00000 SH Sole 247632.00000 Barclays PLC ADR COM 06738e204 366 35500.00000 SH Sole 35500.00000 BASF SE ADR COM 055262505 1003 14450.00000 SH Sole 14450.00000 Baxter International, Inc. COM 071813109 2270 42700.00000 SH Sole 42700.00000 Bed Bath & Beyond Inc. COM 075896100 5911 95650.00000 SH Sole 95650.00000 BG Group Plc ADR COM 055434203 1590 78000.00000 SH Sole 78000.00000 BHP Billiton Ltd. ADR COM 088606108 1363 20875.00000 SH Sole 20875.00000 Blackstone Group LP COM 09253u108 2501 191375.00000 SH Sole 191375.00000 Block H&R COM 093671105 3903 244250.00000 SH Sole 244250.00000 BMC Software COM 055921100 201 4700.00000 SH Sole 4700.00000 Boardwalk Pipeline Partners L. COM 096627104 1456 52700.00000 SH Sole 52700.00000 Boeing Company COM 097023105 9793 131800.00000 SH Sole 131800.00000 Boston Properties Inc COM 101121101 1311 12100.00000 SH Sole 12100.00000 Boston Scientific COM 101137107 85 15000.00000 SH Sole 15000.00000 BP plc ADR COM 055622104 1808 44600.00000 SH Sole 44600.00000 BRE Properties COM 05564E106 3382 67615.00000 SH Sole 67615.00000 British American Tob SP ADR COM 110448107 1248 12225.00000 SH Sole 12225.00000 Broadcom Corp COM 111320107 3788 112200.00000 SH Sole 112200.00000 BT Group PLC ADR COM 05577e101 614 18500.00000 SH Sole 18500.00000 California Water Service Group COM 130788102 502 27200.00000 SH Sole 27200.00000 Cameron International Corp COM 13342B105 3323 77800.00000 SH Sole 77800.00000 Canon Inc. ADR COM 138006309 986 24675.00000 SH Sole 24675.00000 Capital One Financial COM cof 4574 83675.00000 SH Sole 83675.00000 Carefusion Corp. COM 14170T101 2354 91675.00000 SH Sole 91675.00000 Caterpillar Inc. COM 149123101 3902 45950.00000 SH Sole 45950.00000 CBS Corp. COM 124857202 3714 113300.00000 SH Sole 113300.00000 Celgene Corp. COM 151020104 8333 129875.00000 SH Sole 129875.00000 Cemex SAB de CV ADR COM 151290889 107 15960.00000 SH Sole 15960.00000 CenturyLink Inc. COM 156700106 1628 41223.00000 SH Sole 41223.00000 Charles Schwab Corp. COM 808513105 3685 285000.00000 SH Sole 285000.00000 Charter Communications Inc COM 16117m305 326 4596.00000 SH Sole 4596.00000 Chesapeake Energy Corp COM 165167107 2328 125150.00000 SH Sole 125150.00000 Cheung Kong Limited ADR COM 166744201 500 41000.00000 SH Sole 41000.00000 Chevron Corp. COM 166764100 22481 213086.00005 SH Sole 213086.00005 Church & Dwight Co. COM 171340102 7846 141450.00000 SH Sole 141450.00000 Cincinnati Financial COM 172062101 689 18100.00000 SH Sole 18100.00000 Cinemark Holdings Inc. COM 17243v102 3092 135325.00000 SH Sole 135325.00000 Cisco Systems COM 17275R102 9456 550700.00000 SH Sole 550700.00000 CIT Group COM 125581801 1276 35800.00000 SH Sole 35800.00000 Coca-Cola COM 191216100 950 12150.00000 SH Sole 12150.00000 Comerica, Inc. COM 200340107 522 17000.00000 SH Sole 17000.00000 Companhia De Bebidas-Prf ADR COM 20441W203 891 23250.00000 SH Sole 23250.00000 Companhia Vale do Rio Doce ADR COM 91912e105 246 12400.00000 SH Sole 12400.00000 ConocoPhillips COM 20825c104 257 4592.00000 SH Sole 4592.00000 Consolidated Edison COM 209115104 5229 84075.00000 SH Sole 84075.00000 Cooper Tire & Rubber Co. COM 216831107 439 25000.00000 SH Sole 25000.00000 Corning Inc. COM 219350105 3363 260075.00000 SH Sole 260075.00000 Covidien PLC COM G2554f113 4303 80425.00000 SH Sole 80425.00000 Cummins Inc COM 231021106 3758 38775.00000 SH Sole 38775.00000 CVS Caremark Corp. COM 126650100 11103 237604.00000 SH Sole 237604.00000 Daimler AG ADR COM D1668R123 726 16200.00000 SH Sole 16200.00000 Danaher Corp. COM 235851102 10460 200850.00000 SH Sole 200850.00000 Danone ADR COM 23636t100 460 37000.00000 SH Sole 37000.00000 Darden Restaurants Inc. COM 237194105 6419 126775.00000 SH Sole 126775.00000 Davita Inc COM 23918K108 4663 47475.00000 SH Sole 47475.00000 DDR Corp COM 23317h102 252 17221.00000 SH Sole 17221.00000 Deutsche Bank ADR COM D18190898 318 8800.00000 SH Sole 8800.00000 Deutsche Telekom AG ADR COM 251566105 740 67400.00000 SH Sole 67400.00000 Diageo PLC ADR COM 25243q205 1167 11325.00000 SH Sole 11325.00000 Diamond Offshore Drilling COM 25271c102 1211 20475.00000 SH Sole 20475.00000 Diebold Inc COM 253651103 1414 38300.00000 SH Sole 38300.00000 DirectTV COM 25490a101 334 6845.00000 SH Sole 6845.00000 Donnelley (R.R.) & Sons COM 257867101 395 33600.00000 SH Sole 33600.00000 Dr. Pepper Snapple Group, Inc COM 26138e109 242 5520.00000 SH Sole 5520.00000 Du Pont (E.I.) De Nemours & Co COM 263534109 8777 173571.00000 SH Sole 173571.00000 Duke Energy Corp. COM 26441C204 6872 298000.00000 SH Sole 298000.00000 Duke Realty Corp. COM 264411505 275 18800.00000 SH Sole 18800.00000 Eaton Corp. COM 278058102 1481 37375.00000 SH Sole 37375.00000 Edwards Lifesciences Corp COM 28176E108 402 3892.00000 SH Sole 3892.00000 EMC Corp. COM 268648102 7160 279350.00000 SH Sole 279350.00000 Endo Health Solutions Inc COM 29264F205 3549 114550.00000 SH Sole 114550.00000 Energizer Holdings Inc COM 29266R108 4908 65225.00000 SH Sole 65225.00000 ENI SPA ADR COM 26874r108 1022 24025.00000 SH Sole 24025.00000 Enterprise Products Partners L COM 293792107 2137 41700.00000 SH Sole 41700.00000 EOG Resources COM 26875p101 3945 43775.00000 SH Sole 43775.00000 Equity Residential Properties COM 29476l107 1004 16100.00000 SH Sole 16100.00000 Ericsson COM 294821608 942 103200.00000 SH Sole 103200.00000 Express COM 30219e103 2313 127325.00000 SH Sole 127325.00000 Express Scripts Holding Compan COM 30219g108 4324 77450.00000 SH Sole 77450.00000 Exxon Mobil Corp. COM 30231g102 32493 379725.00000 SH Sole 379725.00000 Federal Mogul Corp. COM 313549404 377 34237.00000 SH Sole 34237.00000 Fedex Corp. COM 31428x106 2957 32275.00000 SH Sole 32275.00000 Finisar Corp COM 31787a507 2411 161150.00000 SH Sole 161150.00000 FirstEnergy Corp. COM 337932107 3331 67723.00000 SH Sole 67723.00000 Flowserve Corp. COM 34354P105 4722 41150.00000 SH Sole 41150.00000 FMC Technologies Inc COM 30249U101 3723 94900.00000 SH Sole 94900.00000 Fomento Economico Mexicana-SP COM 344419106 602 6750.00000 SH Sole 6750.00000 Foot Locker Inc. COM 344849104 4856 158800.00000 SH Sole 158800.00000 France Telecom ADR COM 35177q105 479 36500.00000 SH Sole 36500.00000 Freeport-McMoRan Copper & Gold COM 35671d857 5353 157125.00000 SH Sole 157125.00000 Frontier Communications Corp COM 35906a108 534 139428.00000 SH Sole 139428.00000 General Electric Co. COM 369604103 20723 994400.00000 SH Sole 994400.00000 General Growth Properties COM 370023103 332 18330.38790 SH Sole 18330.38790 Genuine Parts Co. COM 372460105 2042 33900.00000 SH Sole 33900.00000 Gilead Science Inc. COM 375558103 8007 156150.00000 SH Sole 156150.00000 GlaxoSmithKline plc ADR COM 37733W105 1663 36500.00000 SH Sole 36500.00000 Goldman Sachs Group COM 38141g104 5661 59050.00000 SH Sole 59050.00000 Goodyear Tire & Rubber Company COM 382550101 2677 226675.00000 SH Sole 226675.00000 Google Inc. Cl A COM 38259P508 14777 25475.00000 SH Sole 25475.00000 Grupo Televisa SA ADR COM 40049j206 217 10125.00000 SH Sole 10125.00000 Halliburton Co. COM 406216101 4326 152375.00000 SH Sole 152375.00000 Harman International Industrie COM 413086109 444 11200.00000 SH Sole 11200.00000 Harris Corp. COM 413875105 6595 157575.00000 SH Sole 157575.00000 HCP Inc COM 40414L109 883 20000.00000 SH Sole 20000.00000 Health Care REIT, Inc. COM 42217k106 1039 17825.00000 SH Sole 17825.00000 Heinz (H.J.) COM 423074103 6052 111300.00000 SH Sole 111300.00000 Hellenic Telecom Organization COM 423325307 52 41000.00000 SH Sole 41000.00000 Hewlett-Packard Co. COM 428236103 3831 190500.00000 SH Sole 190500.00000 Hitachi Ltd. ADR COM 433578507 580 9500.00000 SH Sole 9500.00000 Hologic Inc COM 436440101 3241 179650.00000 SH Sole 179650.00000 Home Depot, Inc. COM 437076102 10199 192475.00000 SH Sole 192475.00000 Honda Motor Co Ltd. ADR COM 438128308 1806 52100.00000 SH Sole 52100.00000 Honeywell International, Inc. COM 438516106 6558 117450.00000 SH Sole 117450.00000 Hormel Foods Corp COM 440452100 1217 40000.00000 SH Sole 40000.00000 Hunt (J.B.) Transport COM 445658107 1073 18000.00000 SH Sole 18000.00000 Hutchison Whampoa Limited ADR COM 448415208 639 37250.00000 SH Sole 37250.00000 Infosys Ltd COM 456788108 1753 38900.00000 SH Sole 38900.00000 Ing Groep NV ADR COM 456837103 95 14200.00000 SH Sole 14200.00000 Intel Corp. COM 458140100 16640 624400.00000 SH Sole 624400.00000 International Business Machine COM 459200101 6224 31825.00000 SH Sole 31825.00000 International Game Technology COM 459902102 321 20400.00000 SH Sole 20400.00000 International Power ADR COM 46018m104 210 3200.00000 SH Sole 3200.00000 Intesa Sanpaolo ADR COM 46115h107 103 12041.00000 SH Sole 12041.00000 Invesco Ltd COM g491bt108 4273 189050.00000 SH Sole 189050.00000 Itau Unibanco Holding SA ADR COM 465562106 326 23399.00004 SH Sole 23399.00004 Itron, Inc. COM 465741106 1796 43550.00000 SH Sole 43550.00000 Johnson & Johnson COM 478160104 15263 225925.00000 SH Sole 225925.00000 Johnson Controls, Inc. COM 478366107 4026 145300.00000 SH Sole 145300.00000 Jones Group Inc The COM 48020t101 185 19300.00000 SH Sole 19300.00000 Joy Global Inc. COM 481165108 2184 38500.00000 SH Sole 38500.00000 JPMorgan Chase & Co. COM 46625h100 12359 345907.00000 SH Sole 345907.00000 KB Financial Group Inc ADR COM 48241a105 241 7375.00000 SH Sole 7375.00000 Kellogg Co. COM 487836108 1815 36800.00000 SH Sole 36800.00000 Kennametal Inc. COM 489170100 593 17900.00000 SH Sole 17900.00000 Kimco Realty Corp. COM 49446r109 1621 85175.00000 SH Sole 85175.00000 Kinder Morgan Inc. COM 49456b101 3678 114150.42500 SH Sole 114150.42500 Kirin Holdings Co ADR COM 497350306 323 27500.00000 SH Sole 27500.00000 Knight Capital Group COM 499005106 241 20200.00000 SH Sole 20200.00000 Kohl's Corp. COM 500255104 4142 91050.00000 SH Sole 91050.00000 Koninklijke KPN NV ADR COM 780641205 159 16600.00000 SH Sole 16600.00000 Kraft Foods Inc. COM 50075N104 1299 33636.00000 SH Sole 33636.00000 Kubota Corp-Spon ADR COM 501173207 202 4375.00000 SH Sole 4375.00000 Leggett & Platt COM 524660107 488 23100.00000 SH Sole 23100.00000 Lexington Realty Trust COM 529043101 523 61754.93996 SH Sole 61754.93996 Liberty Property Trust COM 531172104 1883 51100.00000 SH Sole 51100.00000 Lilly (Eli) & Co. COM 532457108 7672 178800.00000 SH Sole 178800.00000 Limited Brands Inc. COM 532716107 4763 112000.00000 SH Sole 112000.00000 Linear Technology Corp. COM 535678106 1324 42250.00000 SH Sole 42250.00000 Lowe's Co. COM 548661107 6857 241100.00000 SH Sole 241100.00000 Lukoil ADR COM 677862104 349 6275.00000 SH Sole 6275.00000 Luxottica Group SPA ADR COM 55068r202 234 6700.00000 SH Sole 6700.00000 Macerich Co. COM 554382101 928 15719.00000 SH Sole 15719.00000 Mack-Cali Realty Corp. COM 554489104 465 16000.00000 SH Sole 16000.00000 Marsh & McLennan Companies, In COM 571748102 8116 251800.00000 SH Sole 251800.00000 Marvell Technology Group COM g5876h105 1311 116200.00000 SH Sole 116200.00000 Mattel Inc. COM 577081102 5769 177850.00000 SH Sole 177850.00000 Maxim Integrated Products, Inc COM 57772k101 3992 155675.00000 SH Sole 155675.00000 McCormick & Co. COM 579780206 5342 88075.00000 SH Sole 88075.00000 McDonald's Corp. COM 580135101 7833 88475.00000 SH Sole 88475.00000 McGraw-Hill Corp. COM 580645109 900 20000.00000 SH Sole 20000.00000 Mckesson HBOC Inc. COM 58155q103 1285 13710.00000 SH Sole 13710.00000 Mercadolibre Inc COM 58733r102 438 5775.00000 SH Sole 5775.00000 Merck & Co., Inc. COM 58933y105 10680 255800.00000 SH Sole 255800.00000 Metlife Inc COM 59156R108 4759 154275.00000 SH Sole 154275.00000 Microsoft Corp COM 594918104 26977 881900.00000 SH Sole 881900.00000 Mitsubishi UFJ Financial Group COM 606822104 1299 273550.00000 SH Sole 273550.00000 Mitsui & Co Ltd-Spons ADR COM 606827202 419 1425.00000 SH Sole 1425.00000 Molson Coors Brewing Company COM 60871r209 3949 94900.00000 SH Sole 94900.00000 Monsanto Co. COM 61166w101 3878 46850.00000 SH Sole 46850.00000 Morgan Stanley, Dean Witter, D COM 617446448 3135 214900.00000 SH Sole 214900.00000 Mylan Inc. COM 628530107 4524 211700.00000 SH Sole 211700.00000 National Fuel Gas Co. COM 636180101 423 9000.00000 SH Sole 9000.00000 National Oilwell Varco Inc COM 637071101 4722 73275.00000 SH Sole 73275.00000 New York Community Bancorp COM 649445103 1678 133925.00000 SH Sole 133925.00000 NextEra Energy Inc COM 65339f101 5360 77900.00000 SH Sole 77900.00000 Nippon Telegraph & Telephone C COM 654624105 1454 62850.00000 SH Sole 62850.00000 Nisource Inc. COM 65473P105 4313 174250.00000 SH Sole 174250.00000 Norsk Hydro ASA ADR COM 656531605 90 20000.00000 SH Sole 20000.00000 Northrop Grumman Corp. COM 666807102 3194 50075.00000 SH Sole 50075.00000 Novartis ADR COM 66987v109 1822 32600.00000 SH Sole 32600.00000 Novo Nordisk ADR COM 670100205 1802 12400.00000 SH Sole 12400.00000 Occidental Petroleum COM 674599105 6849 79850.00000 SH Sole 79850.00000 Oracle Corp. COM 68389x105 9997 336600.00000 SH Sole 336600.00000 Panasonic Corp ADR COM 69832a205 557 68800.00000 SH Sole 68800.00000 Park National COM 700658107 223 3200.00000 SH Sole 3200.00000 Parker Hannifin COM 701094104 872 11346.00000 SH Sole 11346.00000 Patterson Companies Inc. COM 703395103 3340 96900.00000 SH Sole 96900.00000 Pepco Holdings, Inc. COM 713291102 301 15384.00000 SH Sole 15384.00000 PepsiCo, Inc. COM 713448108 13630 192900.00000 SH Sole 192900.00000 Petroleo Brasileiro SA ADR COM 71654v408 342 18200.00000 SH Sole 18200.00000 Petsmart Inc. COM 716768106 1125 16500.00000 SH Sole 16500.00000 Pfizer, Inc. COM 717081103 16040 697374.00000 SH Sole 697374.00000 Philip Morris International In COM 718172109 3333 38200.00000 SH Sole 38200.00000 Pinnacle West Capital COM 723484101 667 12900.00000 SH Sole 12900.00000 Pitney Bowes Inc. COM 724479100 374 25000.00000 SH Sole 25000.00000 Plains All American Pipeline L COM 726503105 2036 25200.00000 SH Sole 25200.00000 PNC Financial Services Group COM 693475105 9641 157762.00000 SH Sole 157762.00000 Polaris Industries COM 731068102 1144 16000.00000 SH Sole 16000.00000 Portugal Telecom SGPS SA ADR COM 737273102 48 10800.00000 SH Sole 10800.00000 Potash Corp of Saskatchewan In COM 73755L107 1201 27500.00000 SH Sole 27500.00000 PPG Industries, Inc. COM 693506107 512 4825.00000 SH Sole 4825.00000 PPL Corp. COM 69351t106 2025 72800.00000 SH Sole 72800.00000 Praxair, Inc. COM 74005P104 3952 36350.00000 SH Sole 36350.00000 Principal Financial Group COM 74251V102 5261 200575.00000 SH Sole 200575.00000 Procter & Gamble, Inc. COM 742718109 17034 278100.00000 SH Sole 278100.00000 Prologis Trust COM 74340w103 840 25291.00000 SH Sole 25291.00000 Prudential Financial, Inc. COM 744320102 8670 179025.00000 SH Sole 179025.00000 Public Service Enterprise Grou COM 744573106 1255 38600.00000 SH Sole 38600.00000 Public Storage COM 74460d109 3293 22800.00000 SH Sole 22800.00000 Qualcomm Inc. COM 747525103 11233 201750.00000 SH Sole 201750.00000 Quest Diagnostics Inc COM 74834L100 743 12400.00000 SH Sole 12400.00000 Regal Entertainment Group - A COM 758766109 2059 149625.00000 SH Sole 149625.00000 Regions Financial Corp. COM 7591EP100 116 17220.00000 SH Sole 17220.00000 Repsol SA COM 76026T205 188 11700.00000 SH Sole 11700.00000 Research In Motion Limited COM 760975102 349 47200.00000 SH Sole 47200.00000 Reynolds American Inc. COM 761713106 2190 48800.00000 SH Sole 48800.00000 Rio Tinto Plc ADR COM 767204100 698 14600.00000 SH Sole 14600.00000 Roche Holdings Ltd-Spons ADR COM 771195104 633 14650.00000 SH Sole 14650.00000 Rockwell Collins Inc. COM 774341101 4629 93800.00000 SH Sole 93800.00000 Royal Dutch Shell PLC COM 780259206 964 14300.00000 SH Sole 14300.00000 Ryder Systems, Inc. COM 783549108 356 9900.00000 SH Sole 9900.00000 Sandisk Corp. COM 80004c101 263 7200.00000 SH Sole 7200.00000 Sanofi COM 80105n105 1489 39400.00000 SH Sole 39400.00000 Santos Limited ADR COM 803021708 489 44800.00000 SH Sole 44800.00000 SAP ADR COM 803054204 1205 20300.00000 SH Sole 20300.00000 Sasol Ltd ADR COM 803866300 446 10500.00000 SH Sole 10500.00000 Sauer Danfoss Inc COM 804137107 2030 58125.00000 SH Sole 58125.00000 Scana Corp COM 80589M102 1081 22596.00000 SH Sole 22596.00000 Schlumberger Ltd. COM 806857108 8591 132350.00000 SH Sole 132350.00000 Shinhan Financial Grp ADR COM 824596100 303 4275.00000 SH Sole 4275.00000 Siemens AG ADR COM 826197501 1194 14200.00000 SH Sole 14200.00000 Simon Property Group, Inc. COM 828806109 2067 13277.00000 SH Sole 13277.00000 Singapore Telecom-SP ADR COM 82929R304 876 33630.00000 SH Sole 33630.00000 SLM Corp COM 78442p106 542 34500.00000 SH Sole 34500.00000 Smith A.O. Corp COM 831865209 1320 27000.00000 SH Sole 27000.00000 Sony Corp. ADR COM 835699307 399 28000.00000 SH Sole 28000.00000 Southern Co. COM 842587107 6164 133125.00000 SH Sole 133125.00000 Spectra Energy Corp COM 847560109 3473 119500.00000 SH Sole 119500.00000 Staples Inc. COM 855030102 2572 197075.00000 SH Sole 197075.00000 Starwood Hotels & Resorts Inc. COM 85590A401 5177 97600.00000 SH Sole 97600.00000 State Street Corp. COM 857477103 4891 109575.00000 SH Sole 109575.00000 Statoil ASA ADR COM 85771P102 411 17242.00000 SH Sole 17242.00000 Subsea 7 Sa COM 864323100 543 27550.00000 SH Sole 27550.00000 Swisscom AG ADR COM 871013108 306 7600.00000 SH Sole 7600.00000 Symantec Corp. COM 871503108 1769 121063.00000 SH Sole 121063.00000 Syngenta AG ADR COM 87160a100 592 8650.00000 SH Sole 8650.00000 Synopsys Inc. COM 871607107 586 19900.00000 SH Sole 19900.00000 Syntel, Inc. COM 87162H103 436 7175.00000 SH Sole 7175.00000 Taiwan Semiconductor Manufactu COM 874039100 2140 153314.00000 SH Sole 153314.00000 Target Corp. COM 87612e106 12085 207675.00000 SH Sole 207675.00000 TE Connectivity Ltd COM h84989104 2507 78550.00000 SH Sole 78550.00000 Teco Energy Inc. COM 872375100 3308 183175.00000 SH Sole 183175.00000 Telecom Italia ADR COM 87927y102 208 21140.00000 SH Sole 21140.00000 Telefonica SA ADR COM 879382208 640 48883.00000 SH Sole 48883.00000 Telenor ASA COM 87944W105 449 9000.00000 SH Sole 9000.00000 Tessera Technologies Inc. COM 88164L100 2261 147100.00000 SH Sole 147100.00000 Teva Pharmaceutical Industries COM 881624209 620 15725.00000 SH Sole 15725.00000 Texas Instruments COM 882508104 5540 193100.00000 SH Sole 193100.00000 The Travelers Companies, Inc. COM 89417E109 10262 160751.00000 SH Sole 160751.00000 Thermo Fisher Scientific Inc COM 883556102 3423 65950.00000 SH Sole 65950.00000 Tibco Software COM 88632Q103 652 21800.00000 SH Sole 21800.00000 Timken Co COM 887389104 783 17100.00000 SH Sole 17100.00000 Tokio Marine Holdings Inc ADR COM 889094108 604 24250.00000 SH Sole 24250.00000 Total SA ADR COM 89151e109 1546 34400.00000 SH Sole 34400.00000 Toyota Motor Corp. ADR COM 892331307 2881 35800.00000 SH Sole 35800.00000 Transcanada Pipelines Ltd COM 89353d107 1263 30150.00000 SH Sole 30150.00000 Transocean Ltd COM H8817H100 1666 37238.00000 SH Sole 37238.00000 Tupperware Brands Corp COM 899896104 1785 32600.00000 SH Sole 32600.00000 Tyco International Ltd. COM h89128104 1348 25500.00000 SH Sole 25500.00000 Tyson Foods Inc. 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COM 931422109 3831 129525.00000 SH Sole 129525.00000 Walt Disney Co. COM 254687106 13236 272900.00000 SH Sole 272900.00000 Weingarten Realty Investors COM 948741103 1755 66625.00000 SH Sole 66625.00000 WellPoint, Inc. COM 94973V107 4408 69100.00000 SH Sole 69100.00000 Wells Fargo Co. COM 949746101 11918 356393.00000 SH Sole 356393.00000 Westpac Banking Corp. Ltd ADR COM 961214301 3308 30400.00000 SH Sole 30400.00000 Whirlpool Corp. COM 963320106 4582 74925.00000 SH Sole 74925.00000 Williams Partners LP COM 96950F104 5010 95900.00000 SH Sole 95900.00000 Windstream Corporation COM 97381W104 4209 435663.00000 SH Sole 435663.00000 WPP PLC ADR COM 92933h101 341 5600.00000 SH Sole 5600.00000 Yum! Brands, Inc. COM 988498101 902 14000.00000 SH Sole 14000.00000 Kinder Morgan Inc Del Warrant 49456b119 377 174488.90 SH Sole 174488.90