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
ABBVIE INC COM 00287Y109 3,763 57,500 SH   SOLE   57,500 0 0
ACETO CORP COM 004446100 5,522 254,484 SH   SOLE   254,484 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 19,177 120,400 SH   SOLE   120,400 0 0
AECOM TECHNOLOGY CORP DELAWARE COM 00766T100 10,402 342,500 SH   SOLE   342,500 0 0
AGL RES INC COM 001204106 65,037 1,193,116 SH   SOLE   1,193,116 0 0
AK STL HLDG CORP COM 001547108 4,169 701,900 SH   SOLE   701,900 0 0
ALASKA AIR GROUP INC COM 011659109 7,231 121,000 SH   SOLE   121,000 0 0
ALERE INC COM 01449J105 5,168 136,000 SH   SOLE   136,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADR 01609W102 214 2,060 SH   SOLE   2,060 0 0
ALLETE INC COM NEW 018522300 223 4,050 SH   SOLE   4,050 0 0
ALLIANT ENERGY CORP COM 018802108 7,184 108,154 SH   SOLE   108,154 0 0
ALTRIA GROUP INC COM 02209S103 6,804 138,100 SH   SOLE   138,100 0 0
AMEREN CORP COM 023608102 11,066 239,890 SH   SOLE   239,890 0 0
AMERICAN EXPRESS CO COM 025816109 2,791 30,000 SH   SOLE   30,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 2,913 52,000 SH   SOLE   52,000 0 0
APPLE INC COM 037833100 3,352 30,370 SH   SOLE   30,370 0 0
ASSOCIATED BANC CORP COM 045487105 7,266 390,000 SH   SOLE   390,000 0 0
ASTORIA FINL CORP COM 046265104 9,886 740,000 SH   SOLE   740,000 0 0
AT&T INC COM 00206R102 9,145 272,250 SH   SOLE   272,250 0 0
ATMOS ENERGY CORP COM 049560105 69,784 1,251,962 SH   SOLE   1,251,962 0 0
AUTOZONE INC COM 053332102 2,848 4,600 SH   SOLE   4,600 0 0
AVISTA CORP COM 05379B107 5,178 146,472 SH   SOLE   146,472 0 0
BALL CORP COM 058498106 11,957 175,400 SH   SOLE   175,400 0 0
BANCO SANTANDER SA ADR 05964H105 2,713 325,700 SH   SOLE   325,700 0 0
BANK AMER CORP COM 060505104 4,830 270,000 SH   SOLE   270,000 0 0
BANKUNITED INC COM 06652K103 9,415 325,000 SH   SOLE   325,000 0 0
BANNER CORP COM NEW 06652V208 9,895 230,000 SH   SOLE   230,000 0 0
BAXTER INTL INC COM 071813109 5,326 72,675 SH   SOLE   72,675 0 0
BED BATH & BEYOND INC COM 075896100 2,079 27,300 SH   SOLE   27,300 0 0
BENEFICIAL MUTUAL BANCORP INC COM 08173R104 368 30,000 SH   SOLE   30,000 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 11,526 51 SH   SOLE   51 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,580 30,500 SH   SOLE   30,500 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 2,799 105,000 SH   SOLE   105,000 0 0
BGC PARTNERS INC CL A 05541T101 6,285 686,873 SH   SOLE   686,873 0 0
BLACK HILLS CORP COM 092113109 6,283 118,459 SH   SOLE   118,459 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 4,060 120,000 SH   SOLE   120,000 0 0
BLUE HILLS BANCORP INC COM 095573101 4,414 325,000 SH   SOLE   325,000 0 0
BP PLC SPONSORED ADR 055622104 2,249 59,000 SH   SOLE   59,000 0 0
BRINKER INTL INC COM 109641100 12,290 209,400 SH   SOLE   209,400 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 3,306 56,000 SH   SOLE   56,000 0 0
CAPITAL BK FINL CORP COM 139794101 6,164 230,000 SH   SOLE   230,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 4,623 56,000 SH   SOLE   56,000 0 0
CARMIKE CINEMAS INC COM 143436400 4,414 168,027 SH   SOLE   168,027 0 0
CATERPILLAR INC DEL COM 149123101 2,242 24,500 SH   SOLE   24,500 0 0
CENTENE CORP DEL COM 15135B101 14,248 137,200 SH   SOLE   137,200 0 0
CENTERPOINT ENERGY INC COM 15189T107 27,290 1,164,726 SH   SOLE   1,164,726 0 0
CENTURYLINK INC COM 156700106 3,831 96,800 SH   SOLE   96,800 0 0
CF INDS HLDGS INC COM 125269100 2,589 9,500 SH   SOLE   9,500 0 0
CHENIERE ENERGY INC COM NEW 16411R208 111,839 1,588,617 SH   SOLE   1,588,617 0 0
CHESAPEAKE UTILS CORP COM 165303108 7,083 142,637 SH   SOLE   142,637 0 0
CHEVRON CORP NEW COM 166764100 10,853 96,750 SH   SOLE   96,750 0 0
CIGNA CORPORATION COM 125509109 6,494 63,100 SH   SOLE   63,100 0 0
CISCO SYS INC COM 17275R102 10,887 391,425 SH   SOLE   391,425 0 0
CITIGROUP INC COM NEW 172967424 4,870 90,000 SH   SOLE   90,000 0 0
CLIFTON BANCORP INC COM 186873105 9,173 675,000 SH   SOLE   675,000 0 0
CMS ENERGY CORP COM 125896100 35,919 1,033,648 SH   SOLE   1,033,648 0 0
CNO FINL GROUP INC COM 12621E103 4,539 263,600 SH   SOLE   263,600 0 0
COACH INC COM 189754104 1,469 39,100 SH   SOLE   39,100 0 0
COCA COLA CO COM 191216100 7,351 174,100 SH   SOLE   174,100 0 0
COMERICA INC COM 200340107 3,560 76,000 SH   SOLE   76,000 0 0
CONAGRA FOODS INC COM 205887102 3,218 88,700 SH   SOLE   88,700 0 0
CONOCOPHILLIPS COM 20825C104 5,110 74,000 SH   SOLE   74,000 0 0
CONSOLIDATED EDISON INC COM 209115104 40,028 606,386 SH   SOLE   606,386 0 0
CORE MARK HOLDING CO INC COM 218681104 7,725 124,744 SH   SOLE   124,744 0 0
CORNING NAT GAS HLDG CORP COM 219387107 650 31,637 SH   SOLE   31,637 0 0
CSG SYS INTL INC COM 126349109 4,490 179,100 SH   SOLE   179,100 0 0
CSX CORP COM 126408103 2,801 77,300 SH   SOLE   77,300 0 0
CUMMINS INC COM 231021106 2,278 15,800 SH   SOLE   15,800 0 0
CURTISS WRIGHT CORP COM 231561101 5,330 75,500 SH   SOLE   75,500 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,643 290,000 SH   SOLE   290,000 0 0
DEERE & CO COM 244199105 2,150 24,300 SH   SOLE   24,300 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 11,245 228,600 SH   SOLE   228,600 0 0
DELTA NAT GAS INC COM 247748106 1,871 88,048 SH   SOLE   88,048 0 0
DISCOVER FINL SVCS COM 254709108 4,584 70,000 SH   SOLE   70,000 0 0
DOLLAR GEN CORP NEW COM 256677105 2,552 36,100 SH   SOLE   36,100 0 0
DOMINION RES INC VA NEW COM 25746U109 111,824 1,454,146 SH   SOLE   1,454,146 0 0
DOW CHEM CO COM 260543103 2,778 60,900 SH   SOLE   60,900 0 0
DTE ENERGY CO COM 233331107 35,580 411,954 SH   SOLE   411,954 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 3,357 45,400 SH   SOLE   45,400 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 15,608 186,837 SH   SOLE   186,837 0 0
EMPIRE DIST ELEC CO COM 291641108 932 31,325 SH   SOLE   31,325 0 0
ENBRIDGE INC ADR 29250N105 114,674 2,230,577 SH   SOLE   2,230,577 0 0
ENCORE CAP GROUP INC COM 292554102 5,328 120,000 SH   SOLE   120,000 0 0
ENGILITY HLDGS INC COM 29285W104 5,052 118,046 SH   SOLE   118,046 0 0
ENTERGY CORP NEW COM 29364G103 1,513 17,300 SH   SOLE   17,300 0 0
EQT CORP COM 26884L109 38,890 513,732 SH   SOLE   513,732 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,437 20,000 SH   SOLE   20,000 0 0
EXELON CORP COM 30161N101 21,799 587,881 SH   SOLE   587,881 0 0
EXTERRAN HLDGS INC COM 30225X103 4,369 134,100 SH   SOLE   134,100 0 0
EXXON MOBIL CORP COM 30231G102 6,536 70,700 SH   SOLE   70,700 0 0
FACEBOOK INC CL A 30303M102 213 2,730 SH   SOLE   2,730 0 0
FCB FINL HLDGS INC CL A 30255G103 616 25,000 SH   SOLE   25,000 0 0
FIFTH THIRD BANCORP COM 316773100 4,483 220,000 SH   SOLE   220,000 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 2,908 345,000 SH   SOLE   345,000 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 1,652 105,000 SH   SOLE   105,000 0 0
FLUSHING FINL CORP COM 343873105 9,223 455,000 SH   SOLE   455,000 0 0
FOOT LOCKER INC COM 344849104 11,152 198,500 SH   SOLE   198,500 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 5,098 328,900 SH   SOLE   328,900 0 0
FREEPORT-MCMORAN INC COM 35671D857 2,046 87,600 SH   SOLE   87,600 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 11,622 1,742,500 SH   SOLE   1,742,500 0 0
FULTON FINL CORP PA COM 360271100 5,006 405,000 SH   SOLE   405,000 0 0
GAP INC DEL COM 364760108 2,341 55,600 SH   SOLE   55,600 0 0
GAS NAT INC COM 367204104 1,000 90,750 SH   SOLE   90,750 0 0
GENERAL ELECTRIC CO COM 369604103 9,066 358,750 SH   SOLE   358,750 0 0
GENERAL MLS INC COM 370334104 5,477 102,700 SH   SOLE   102,700 0 0
GENERAL MTRS CO COM 37045V100 2,695 77,200 SH   SOLE   77,200 0 0
G-III APPAREL GROUP LTD COM 36237H101 7,222 71,500 SH   SOLE   71,500 0 0
GILEAD SCIENCES INC COM 375558103 204 2,163 SH   SOLE   2,163 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 2,282 53,400 SH   SOLE   53,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,326 12,000 SH   SOLE   12,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 5,100 178,500 SH   SOLE   178,500 0 0
GOOGLE INC CL C 38259P706 214 406 SH   SOLE   406 0 0
GREEN PLAINS INC COM 393222104 4,822 194,600 SH   SOLE   194,600 0 0
HALLIBURTON CO COM 406216101 1,727 43,900 SH   SOLE   43,900 0 0
HD SUPPLY HLDGS INC COM 40416M105 11,952 405,300 SH   SOLE   405,300 0 0
HEALTH NET INC COM 42222G108 12,879 240,600 SH   SOLE   240,600 0 0
HEWLETT PACKARD CO COM 428236103 9,690 241,465 SH   SOLE   241,465 0 0
HINGHAM INSTN SVGS MASS COM 433323102 8,179 94,000 SH   SOLE   94,000 0 0
HOLLYFRONTIER CORP COM 436106108 1,668 44,500 SH   SOLE   44,500 0 0
HUNTINGTON BANCSHARES INC COM 446150104 2,998 285,000 SH   SOLE   285,000 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 5,668 50,400 SH   SOLE   50,400 0 0
ILLINOIS TOOL WKS INC COM 452308109 2,491 26,300 SH   SOLE   26,300 0 0
INDEPENDENT BANK CORP MASS COM 453836108 6,422 150,000 SH   SOLE   150,000 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 37,297 479,088 SH   SOLE   479,088 0 0
INTEL CORP COM 458140100 9,714 267,685 SH   SOLE   267,685 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,893 11,800 SH   SOLE   11,800 0 0
INTL PAPER CO COM 460146103 3,108 58,000 SH   SOLE   58,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 9,878 880,000 SH   SOLE   880,000 0 0
JACK IN THE BOX INC COM COM 466367109 7,308 91,400 SH   SOLE   91,400 0 0
JARDEN CORP COM 471109108 5,784 120,800 SH   SOLE   120,800 0 0
JETBLUE AIRWAYS CORP COM 477143101 16,174 1,019,800 SH   SOLE   1,019,800 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 5,372 163,486 SH   SOLE   163,486 0 0
JOHNSON & JOHNSON COM 478160104 3,283 31,400 SH   SOLE   31,400 0 0
JPMORGAN CHASE & CO. COM 46625H100 8,016 128,100 SH   SOLE   128,100 0 0
KELLOGG CO COM 487836108 3,128 47,800 SH   SOLE   47,800 0 0
KEYCORP NEW COM 493267108 3,823 275,000 SH   SOLE   275,000 0 0
KIMBERLY CLARK CORP COM 494368103 5,419 46,900 SH   SOLE   46,900 0 0
KINDER MORGAN INC DEL COM 49456B101 112,956 2,669,725 SH   SOLE   2,669,725 0 0
KRAFT FOODS GROUP INC COM 50076Q106 5,915 94,400 SH   SOLE   94,400 0 0
KROGER CO COM 501044101 3,609 56,200 SH   SOLE   56,200 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 5,364 42,500 SH   SOLE   42,500 0 0
LA Z BOY INC COM 505336107 4,718 175,800 SH   SOLE   175,800 0 0
LACLEDE GROUP INC COM 505597104 27,026 508,011 SH   SOLE   508,011 0 0
LENNOX INTL INC COM 526107107 5,172 54,400 SH   SOLE   54,400 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 11,507 160,020 SH   SOLE   160,020 0 0
LILLY ELI & CO COM 532457108 6,533 94,700 SH   SOLE   94,700 0 0
LIVE NATION ENTERTAINMENT INC COM 538034109 11,992 459,300 SH   SOLE   459,300 0 0
LOCKHEED MARTIN CORP COM 539830109 12,228 63,500 SH   SOLE   63,500 0 0
LOWES COS INC COM 548661107 3,089 44,900 SH   SOLE   44,900 0 0
LPL FINL HLDGS INC COM 50212V100 3,969 89,100 SH   SOLE   89,100 0 0
MACYS INC COM 55616P104 2,702 41,100 SH   SOLE   41,100 0 0
MANITOWOC INC COM 563571108 3,693 167,100 SH   SOLE   167,100 0 0
MARATHON OIL CORP COM 565849106 1,802 63,700 SH   SOLE   63,700 0 0
MARATHON PETE CORP COM 56585A102 2,247 24,900 SH   SOLE   24,900 0 0
MASCO CORP COM 574599106 11,857 470,500 SH   SOLE   470,500 0 0
MASTERCARD INC CL A 57636Q104 4,968 57,660 SH   SOLE   57,660 0 0
MATRIX SVC CO COM 576853105 3,572 160,027 SH   SOLE   160,027 0 0
MCDONALDS CORP COM 580135101 11,263 120,200 SH   SOLE   120,200 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 4,351 191,497 SH   SOLE   191,497 0 0
MDU RES GROUP INC COM 552690109 21,301 906,407 SH   SOLE   906,407 0 0
MERCK & CO INC NEW COM 58933Y105 9,504 167,350 SH   SOLE   167,350 0 0
MERIDIAN BANCORP INC MD COM 58958U103 2,805 250,000 SH   SOLE   250,000 0 0
METLIFE INC COM 59156R108 1,893 35,000 SH   SOLE   35,000 0 0
MGE ENERGY INC COM 55277P104 2,787 61,096 SH   SOLE   61,096 0 0
MGIC INVT CORP WIS COM 552848103 4,008 430,000 SH   SOLE   430,000 0 0
MICROSOFT CORP COM 594918104 6,582 141,710 SH   SOLE   141,710 0 0
MOHAWK INDS INC COM 608190104 12,802 82,400 SH   SOLE   82,400 0 0
MORGAN STANLEY COM 617446448 4,734 122,000 SH   SOLE   122,000 0 0
MWI VETERINARY SUPPLY INC COM 55402X105 5,165 30,400 SH   SOLE   30,400 0 0
NATIONAL FUEL GAS CO N J COM 636180101 37,228 535,424 SH   SOLE   535,424 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 111,786 1,582,023 SH   SOLE   1,582,023 0 0
NEW JERSEY RES COM 646025106 21,967 358,942 SH   SOLE   358,942 0 0
NEW YORK TIMES CO CL A 650111107 4,414 333,900 SH   SOLE   333,900 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 3,739 133,579 SH   SOLE   133,579 0 0
NISOURCE INC COM 65473P105 100,117 2,360,131 SH   SOLE   2,360,131 0 0
NORTHEAST UTILS COM 664397106 21,086 393,975 SH   SOLE   393,975 0 0
NORTHROP GRUMMAN CORP COM 666807102 8,814 59,800 SH   SOLE   59,800 0 0
NORTHWEST NAT GAS CO COM 667655104 15,367 307,951 SH   SOLE   307,951 0 0
NORTHWESTERN CORP COM NEW 668074305 9,573 169,198 SH   SOLE   169,198 0 0
NUCOR CORP COM 670346105 2,865 58,400 SH   SOLE   58,400 0 0
NVR INC COM 62944T105 12,389 9,714 SH   SOLE   9,714 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,515 31,200 SH   SOLE   31,200 0 0
OCEANFIRST FINL CORP COM 675234108 3,798 221,600 SH   SOLE   221,600 0 0
ONE GAS INC COM 68235P108 24,756 600,578 SH   SOLE   600,578 0 0
ONEOK INC NEW COM 682680103 73,744 1,481,098 SH   SOLE   1,481,098 0 0
ORACLE CORP COM 68389X105 2,841 63,175 SH   SOLE   63,175 0 0
PAPA JOHNS INTL INC COM 698813102 5,552 99,500 SH   SOLE   99,500 0 0
PENNEY J C INC COM 708160106 7,595 1,172,100 SH   SOLE   1,172,100 0 0
PEPCO HOLDINGS INC COM 713291102 2,825 104,904 SH   SOLE   104,904 0 0
PEPSICO INC COM 713448108 5,806 61,400 SH   SOLE   61,400 0 0
PFIZER INC COM 717081103 9,515 305,450 SH   SOLE   305,450 0 0
PG&E CORP COM 69331C108 76,602 1,438,799 SH   SOLE   1,438,799 0 0
PHILIP MORRIS INTL INC COM 718172109 5,034 61,800 SH   SOLE   61,800 0 0
PIEDMONT NAT GAS INC COM 720186105 38,061 965,782 SH   SOLE   965,782 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 11,391 347,400 SH   SOLE   347,400 0 0
PINNACLE FOODS INC DEL COM 72348P104 12,020 340,500 SH   SOLE   340,500 0 0
PLAINS GP HLDGS L P SH A REP LTPN 72651A108 21,432 834,577 SH   SOLE   834,577 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,470 49,000 SH   SOLE   49,000 0 0
POLYONE CORP COM 73179P106 5,065 133,600 SH   SOLE   133,600 0 0
POPULAR INC COM NEW 733174700 5,448 160,000 SH   SOLE   160,000 0 0
PPL CORP COM 69351T106 5,087 140,035 SH   SOLE   140,035 0 0
PRIMORIS SVCS CORP COM 74164F103 3,402 146,400 SH   SOLE   146,400 0 0
PROCTER & GAMBLE CO COM 742718109 9,396 103,150 SH   SOLE   103,150 0 0
PROVIDENT FINL SVCS INC COM 74386T105 9,752 540,000 SH   SOLE   540,000 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 52,623 1,270,790 SH   SOLE   1,270,790 0 0
QUESTAR CORP COM 748356102 40,780 1,613,119 SH   SOLE   1,613,119 0 0
RADIAN GROUP INC COM 750236101 7,775 465,000 SH   SOLE   465,000 0 0
RAYTHEON CO COM NEW 755111507 8,145 75,300 SH   SOLE   75,300 0 0
REGIONS FINL CORP NEW COM 7591EP100 4,488 425,000 SH   SOLE   425,000 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 12,241 139,700 SH   SOLE   139,700 0 0
RGC RES INC COM 74955L103 1,308 59,469 SH   SOLE   59,469 0 0
ROYAL DUTCH SHELL PLC SPONSORED ADR 780259107 2,650 38,100 SH   SOLE   38,100 0 0
RPM INTL INC COM 749685103 12,449 245,500 SH   SOLE   245,500 0 0
RYDER SYS INC COM 783549108 11,569 124,600 SH   SOLE   124,600 0 0
SANDISK CORP COM 80004C101 3,126 31,900 SH   SOLE   31,900 0 0
SCANA CORP NEW COM 80589M102 18,782 310,966 SH   SOLE   310,966 0 0
SEALED AIR CORP NEW COM 81211K100 13,904 327,700 SH   SOLE   327,700 0 0
SEMPRA ENERGY COM 816851109 111,743 1,003,440 SH   SOLE   1,003,440 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 3,460 105,000 SH   SOLE   105,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,093 6,000 SH   SOLE   6,000 0 0
SKECHERS U S A INC CL A 830566105 11,713 212,000 SH   SOLE   212,000 0 0
SOUTH JERSEY INDS INC COM 838518108 14,487 245,828 SH   SOLE   245,828 0 0
SOUTHWEST AIRLS CO COM 844741108 9,598 226,800 SH   SOLE   226,800 0 0
SOUTHWEST GAS CORP COM 844895102 34,031 550,567 SH   SOLE   550,567 0 0
SPECTRA ENERGY CORP COM 847560109 112,443 3,097,615 SH   SOLE   3,097,615 0 0
SQUARE 1 FINL INC CL A 85223W101 3,582 145,000 SH   SOLE   145,000 0 0
STEEL DYNAMICS INC COM 858119100 10,113 512,300 SH   SOLE   512,300 0 0
STONEGATE MTG CORP COM 86181Q300 2,259 188,900 SH   SOLE   188,900 0 0
SUNTRUST BKS INC COM 867914103 4,777 114,000 SH   SOLE   114,000 0 0
SUPER MICRO COMPUTER INC COM 86800U104 7,670 219,900 SH   SOLE   219,900 0 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 5,372 400,000 SH   SOLE   400,000 0 0
SYNCHRONY FINL COM 87165B103 1,041 35,000 SH   SOLE   35,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 10,565 390,000 SH   SOLE   390,000 0 0
SYSCO CORP COM 871829107 5,553 139,900 SH   SOLE   139,900 0 0
TAKE-TWO INTERACTIVE SOFTWARE COM 874054109 13,544 483,200 SH   SOLE   483,200 0 0
TARGA RES CORP COM 87612G101 5,292 49,900 SH   SOLE   49,900 0 0
TARGET CORP COM 87612E106 3,727 49,100 SH   SOLE   49,100 0 0
TECO ENERGY INC COM 872375100 8,180 399,236 SH   SOLE   399,236 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 9,724 191,900 SH   SOLE   191,900 0 0
TEXAS INSTRS INC COM 882508104 3,507 65,600 SH   SOLE   65,600 0 0
THOMSON REUTERS CORP COM 884903105 3,090 76,600 SH   SOLE   76,600 0 0
3M CO COM 88579Y101 3,765 22,915 SH   SOLE   22,915 0 0
TOTAL S A SPONSORED ADR 89151E109 2,478 48,400 SH   SOLE   48,400 0 0
TRANSCANADA CORP COM 89353D107 114,694 2,335,927 SH   SOLE   2,335,927 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,799 17,000 SH   SOLE   17,000 0 0
TUESDAY MORNING CORP COM NEW 899035505 7,415 341,711 SH   SOLE   341,711 0 0
TYSON FOODS INC CL A 902494103 5,144 128,300 SH   SOLE   128,300 0 0
UGI CORP NEW COM NEW 902681105 28,986 763,202 SH   SOLE   763,202 0 0
UIL HLDG CORP COM 902748102 12,284 282,133 SH   SOLE   282,133 0 0
UMPQUA HLDGS CORP COM 904214103 3,615 212,500 SH   SOLE   212,500 0 0
UNILEVER PLC SPON ADR NEW 904767704 2,898 71,600 SH   SOLE   71,600 0 0
UNION PAC CORP COM 907818108 3,145 26,400 SH   SOLE   26,400 0 0
UNITED CONTL HLDGS INC COM 910047109 7,130 106,600 SH   SOLE   106,600 0 0
UNITED FINL BANCORP INC NEW COM 910304104 6,031 420,000 SH   SOLE   420,000 0 0
UNITED RENTALS INC COM 911363109 5,927 58,100 SH   SOLE   58,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,243 19,500 SH   SOLE   19,500 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,962 29,300 SH   SOLE   29,300 0 0
UNITIL CORP COM 913259107 3,552 96,871 SH   SOLE   96,871 0 0
UNIVERSAL INS HLDGS INC COM 91359V107 8,235 402,700 SH   SOLE   402,700 0 0
US BANCORP DEL COM NEW 902973304 4,765 106,000 SH   SOLE   106,000 0 0
VALSPAR CORP COM 920355104 12,315 142,400 SH   SOLE   142,400 0 0
VECTREN CORP COM 92240G101 21,679 468,928 SH   SOLE   468,928 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 8,984 192,050 SH   SOLE   192,050 0 0
VISA INC CL A 92826C839 5,067 19,325 SH   SOLE   19,325 0 0
VISTEON CORP COM NEW 92839U206 6,198 58,000 SH   SOLE   58,000 0 0
VOYA FINL INC COM 929089100 12,032 283,900 SH   SOLE   283,900 0 0
WAL-MART STORES INC COM 931142103 2,405 28,000 SH   SOLE   28,000 0 0
WASHINGTON FED INC COM 938824109 10,189 460,000 SH   SOLE   460,000 0 0
WASTE MGMT INC DEL COM 94106L109 3,408 66,400 SH   SOLE   66,400 0 0
WEBSTER FINL CORP CONN COM 947890109 3,253 100,000 SH   SOLE   100,000 0 0
WELLS FARGO & CO NEW COM 949746101 4,660 85,000 SH   SOLE   85,000 0 0
WESTERN DIGITAL CORP COM 958102105 2,975 26,870 SH   SOLE   26,870 0 0
WGL HLDGS INC COM 92924F106 24,920 456,237 SH   SOLE   456,237 0 0
WILLIAMS COS INC DEL COM 969457100 112,914 2,512,557 SH   SOLE   2,512,557 0 0
WINDSTREAM HLDGS INC COM 97382A101 8,593 1,042,900 SH   SOLE   1,042,900 0 0
WINTRUST FINL CORP COM 97650W108 8,651 185,000 SH   SOLE   185,000 0 0
WISCONSIN ENERGY CORP COM 976657106 11,416 216,460 SH   SOLE   216,460 0 0
WSFS FINL CORP COM 929328102 6,382 83,000 SH   SOLE   83,000 0 0
XCEL ENERGY INC COM 98389B100 24,548 683,399 SH   SOLE   683,399 0 0
ZIONS BANCORPORATION COM 989701107 7,555 265,000 SH   SOLE   265,000 0 0