The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
ADAMS NAT RES FD INC COM 00548F105 39,712 2,186,774 SH   SOLE   2,186,774 0 0
AETNA INC NEW COM 00817Y108 20,120 183,900 SH   SOLE   183,900 0 0
AGL RES INC COM 001204106 8,851 145,000 SH   SOLE   145,000 0 0
ALLERGAN PLC SHS G0177J108 29,110 107,096 SH   SOLE   107,096 0 0
ALLSTATE CORP COM 020002101 19,219 330,000 SH   SOLE   330,000 0 0
AMAZON COM INC COM 023135106 25,595 50,000 SH   SOLE   50,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 8,239 145,000 SH   SOLE   145,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100 9,238 105,000 SH   SOLE   105,000 0 0
APPLE INC COM 037833100 72,037 653,100 SH   SOLE   653,100 0 0
AUTOMATIC DATA PROCESSING COM 053015103 8,759 109,000 SH   SOLE   109,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,502 65,200 SH   SOLE   65,200 0 0
BIOGEN INC COM 09062X103 13,715 47,000 SH   SOLE   47,000 0 0
BOEING CO COM 097023105 26,845 205,000 SH   SOLE   205,000 0 0
BORGWARNER INC COM 099724106 5,698 137,000 SH   SOLE   137,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 17,767 245,000 SH   SOLE   245,000 0 0
CELGENE CORP COM 151020104 17,740 164,000 SH   SOLE   164,000 0 0
CF INDS HLDGS INC COM 125269100 9,122 203,155 SH   SOLE   203,155 0 0
CHEVRON CORP NEW COM 166764100 17,196 218,000 SH   SOLE   218,000 0 0
CIGNA CORPORATION COM 125509109 3,492 26,000 SH   SOLE   26,000 0 0
CISCO SYS INC COM 17275R102 11,708 446,000 SH   SOLE   446,000 0 0
CITIGROUP INC COM NEW 172967424 30,609 617,000 SH   SOLE   617,000 0 0
CMS ENERGY CORP COM 125896100 7,947 225,000 SH   SOLE   225,000 0 0
COCA COLA CO COM 191216100 7,462 186,000 SH   SOLE   186,000 0 0
COMCAST CORP NEW CL A 20030N101 31,841 559,800 SH   SOLE   559,800 0 0
CVS HEALTH CORP COM 126650100 30,295 314,000 SH   SOLE   314,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 13,995 311,900 SH   SOLE   311,900 0 0
DISNEY WALT CO COM DISNEY 254687106 32,704 320,000 SH   SOLE   320,000 0 0
DOLLAR GEN CORP NEW COM 256677105 19,660 271,400 SH   SOLE   271,400 0 0
DOVER CORP COM 260003108 10,064 176,000 SH   SOLE   176,000 0 0
EDISON INTL COM 281020107 6,181 98,000 SH   SOLE   98,000 0 0
EDWARD LIFESCIENCES CORP COM 28176E108 17,345 122,000 SH   SOLE   122,000 0 0
EOG RES INC COM 26875P101 11,007 151,200 SH   SOLE   151,200 0 0
EXXON MOBIL CORP COM 30231G102 7,509 101,000 SH   SOLE   101,000 0 0
FACEBOOK INC CL A 30303M102 27,267 303,300 SH   SOLE   303,300 0 0
FEDEX CORP COM 31428X106 11,518 80,000 SH   SOLE   80,000 0 0
FLUOR CORP NEW COM 343412102 5,506 130,000 SH   SOLE   130,000 0 0
GARTNER INC COM 366651107 13,848 165,000 SH   SOLE   165,000 0 0
GENERAL ELECTRIC CO COM 369604103 6,217 246,500 SH   SOLE   246,500 0 0
GILEAD SCIENCES INC COM 375558103 27,091 275,900 SH   SOLE   275,900 0 0
GOOGLE INC CL A 38259P508 22,662 35,500 SH   SOLE   35,500 0 0
GOOGLE INC CL C 38259P706 21,658 35,597 SH   SOLE   35,597 0 0
HANESBRANDS INC COM 410345102 17,596 608,000 SH   SOLE   608,000 0 0
HONEYWELL INTL INC COM 438516106 27,223 287,500 SH   SOLE   287,500 0 0
INTEL CORP COM 458140100 5,009 166,200 SH   SOLE   166,200 0 0
ISHARES TR U.S. REAL ES ETF 464287739 10,481 147,722 SH   SOLE   147,722 0 0
JOHNSON & JOHNSON COM 478160104 5,974 64,000 SH   SOLE   64,000 0 0
JPMORGAN CHASE & CO COM 46625H100 27,437 450,000 SH   SOLE   450,000 0 0
KROGER CO COM 501044101 18,324 508,000 SH   SOLE   508,000 0 0
LAM RESEARCH CORP COM 512807108 8,336 127,600 SH   SOLE   127,600 0 0
LAS VEGAS SANDS CORP COM 517834107 5,696 150,000 SH   SOLE   150,000 0 0
LINCOLN NATL CORP IND COM 534187109 12,814 270,000 SH   SOLE   270,000 0 0
LOWES COS INC COM 548661107 27,913 405,000 SH   SOLE   405,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 15,505 186,000 SH   SOLE   186,000 0 0
MAGNA INTL INC COM 559222401 12,099 252,000 SH   SOLE   252,000 0 0
MARATHON PETE CORP COM 56585A102 7,691 166,000 SH   SOLE   166,000 0 0
MASTERCARD INC CL A 57636Q104 20,728 230,000 SH   SOLE   230,000 0 0
MCKESSON CORP COM 58155Q103 16,264 87,900 SH   SOLE   87,900 0 0
MERCK & CO INC NEW COM 58933Y105 23,707 480,000 SH   SOLE   480,000 0 0
MICROSOFT CORP COM 594918104 37,037 836,800 SH   SOLE   836,800 0 0
NASDAQ INC COM 631103108 19,199 360,000 SH   SOLE   360,000 0 0
NAVIENT CORP COM 63938C108 5,845 520,000 SH   SOLE   520,000 0 0
NEXTERA ENERGY INC COM 65339F101 7,902 81,000 SH   SOLE   81,000 0 0
NOBLE ENERGY INC COM 655044105 5,282 175,000 SH   SOLE   175,000 0 0
NOVARTIS A G SPONSORED ADR 66987V109 21,969 239,000 SH   SOLE   239,000 0 0
ORACLE CORP COM 68389X105 7,983 221,000 SH   SOLE   221,000 0 0
PEPSICO INC COM 713448108 32,392 343,500 SH   SOLE   343,500 0 0
PHILIP MORRIS INTL INC COM 718172109 20,848 262,800 SH   SOLE   262,800 0 0
PINNACLE WEST CAP CORP COM 723484101 6,254 97,500 SH   SOLE   97,500 0 0
POLARIS INDS INC COM 731068102 9,949 83,000 SH   SOLE   83,000 0 0
PPG INDS INC COM 693506107 7,454 85,000 SH   SOLE   85,000 0 0
PROCTER & GAMBLE CO COM 742718109 9,485 131,850 SH   SOLE   131,850 0 0
PRUDENTIAL FINL INC COM 744320102 14,861 195,000 SH   SOLE   195,000 0 0
QUALCOMM INC COM 747525103 3,052 56,800 SH   SOLE   56,800 0 0
SBA COMMUNICATIONS CORP COM 78388J106 9,427 90,000 SH   SOLE   90,000 0 0
SCHLUMBERGER LTD COM 806857108 11,815 171,300 SH   SOLE   171,300 0 0
SIMON PPTY GROUP INC NEW COM 828806109 16,443 89,500 SH   SOLE   89,500 0 0
SOUTHWEST AIRLS CO COM 844741108 7,794 204,900 SH   SOLE   204,900 0 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 12,034 131,500 SH   SOLE   131,500 0 0
UNION PAC CORP COM 907818108 24,578 278,000 SH   SOLE   278,000 0 0
VALEANT PHARMACEUTICALS INT COM 91911K102 13,896 77,900 SH   SOLE   77,900 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 16,925 389,000 SH   SOLE   389,000 0 0
VISA INC COM CL A 92826C839 22,431 322,000 SH   SOLE   322,000 0 0
WELLS FARGO & CO NEW COM 949746101 36,921 719,000 SH   SOLE   719,000 0 0
WESTERN DIGITAL CORP COM 958102105 6,594 83,000 SH   SOLE   83,000 0 0