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 3,321 57,500 SH   SOLE   57,500 0 0
ACETO CORP COM 004446100 4,577 236,884 SH   SOLE   236,884 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 4,613 35,400 SH   SOLE   35,400 0 0
AGL RES INC COM 001204106 62,271 1,212,916 SH   SOLE   1,212,916 0 0
AK STL HLDG CORP COM 001547108 5,231 653,100 SH   SOLE   653,100 0 0
ALASKA AIR GROUP INC COM 011659109 18,801 431,800 SH   SOLE   431,800 0 0
ALERE INC COM 01449J105 4,910 126,600 SH   SOLE   126,600 0 0
ALLIANT ENERGY CORP COM 018802108 6,048 109,154 SH   SOLE   109,154 0 0
ALTRIA GROUP INC COM 02209S103 6,344 138,100 SH   SOLE   138,100 0 0
AMEREN CORP COM 023608102 9,348 243,890 SH   SOLE   243,890 0 0
AMERICAN AXLE & MFG HLDGS INC COM COM 024061103 8,606 513,200 SH   SOLE   513,200 0 0
AMERICAN EQTY INVT LIFE HLD CO COM COM 025676206 10,987 480,200 SH   SOLE   480,200 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,133 58,000 SH   SOLE   58,000 0 0
AMTRUST FINL SVCS INC COM 032359309 10,353 260,000 SH   SOLE   260,000 0 0
APPLE INC COM 037833100 2,866 28,450 SH   SOLE   28,450 0 0
APPLIED MATLS INC COM 038222105 264 12,235 SH   SOLE   12,235 0 0
ASSOCIATED BANC CORP COM 045487105 7,229 415,000 SH   SOLE   415,000 0 0
ASTORIA FINL CORP COM 046265104 8,983 725,000 SH   SOLE   725,000 0 0
AT&T INC COM 00206R102 9,488 269,250 SH   SOLE   269,250 0 0
ATMOS ENERGY CORP COM 049560105 60,673 1,271,962 SH   SOLE   1,271,962 0 0
AUTOZONE INC COM 053332102 2,344 4,600 SH   SOLE   4,600 0 0
AVIS BUDGET GROUP COM 053774105 14,848 270,500 SH   SOLE   270,500 0 0
AVISTA CORP COM 05379B107 4,762 155,972 SH   SOLE   155,972 0 0
BANCO SANTANDER SA ADR 05964H105 3,094 325,700 SH   SOLE   325,700 0 0
BANCORP INC DEL COM 05969A105 1,031 120,000 SH   SOLE   120,000 0 0
BANK AMER CORP COM 060505104 4,126 242,000 SH   SOLE   242,000 0 0
BANK MUTUAL CORP NEW COM 063750103 321 50,000 SH   SOLE   50,000 0 0
BANKUNITED INC COM 06652K103 9,452 310,000 SH   SOLE   310,000 0 0
BANNER CORP COM NEW 06652V208 9,618 250,000 SH   SOLE   250,000 0 0
BAXTER INTL INC COM 071813109 5,216 72,675 SH   SOLE   72,675 0 0
BED BATH & BEYOND INC COM 075896100 1,797 27,300 SH   SOLE   27,300 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 10,966 53 SH   SOLE   53 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,315 24,000 SH   SOLE   24,000 0 0
BGC PARTNERS INC CL A 05541T101 4,749 639,173 SH   SOLE   639,173 0 0
BLACK HILLS CORP COM 092113109 5,720 119,459 SH   SOLE   119,459 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 3,652 116,000 SH   SOLE   116,000 0 0
BLUE HILLS BANCORP INC COM 095573101 4,002 305,000 SH   SOLE   305,000 0 0
BOSTON PROPERTIES INC COM 101121101 752 6,500 SH   SOLE   6,500 0 0
BP PLC SPONSORED ADR 055622104 2,593 59,000 SH   SOLE   59,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 2,866 56,000 SH   SOLE   56,000 0 0
BRUNSWICK CORP COM 117043109 10,716 254,300 SH   SOLE   254,300 0 0
CAPITAL BK FINL CORP COM 139794101 5,827 244,000 SH   SOLE   244,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 4,407 54,000 SH   SOLE   54,000 0 0
CARMIKE CINEMAS INC COM 143436400 4,843 156,327 SH   SOLE   156,327 0 0
CATERPILLAR INC DEL COM 149123101 2,426 24,500 SH   SOLE   24,500 0 0
CENTERPOINT ENERGY INC COM 15189T107 28,880 1,180,226 SH   SOLE   1,180,226 0 0
CENTURYLINK INC COM 156700106 3,958 96,800 SH   SOLE   96,800 0 0
CF INDS HLDGS INC COM 125269100 2,653 9,500 SH   SOLE   9,500 0 0
CHENIERE ENERGY INC COM NEW 16411R208 106,209 1,327,117 SH   SOLE   1,327,117 0 0
CHESAPEAKE UTILS CORP COM 165303108 6,094 146,287 SH   SOLE   146,287 0 0
CHEVRON CORP NEW COM 166764100 11,198 93,850 SH   SOLE   93,850 0 0
CIENA CORP COM NEW 171779309 6,822 408,000 SH   SOLE   408,000 0 0
CIGNA CORPORATION COM 125509109 5,333 58,800 SH   SOLE   58,800 0 0
CISCO SYS INC COM 17275R102 7,263 288,550 SH   SOLE   288,550 0 0
CIT GROUP INC COM NEW 125581801 2,298 50,000 SH   SOLE   50,000 0 0
CITIGROUP INC COM NEW 172967424 4,457 86,000 SH   SOLE   86,000 0 0
CLIFTON BANCORP INC COM 186873105 6,925 550,000 SH   SOLE   550,000 0 0
CMS ENERGY CORP COM 125896100 31,370 1,057,648 SH   SOLE   1,057,648 0 0
CNO FINL GROUP INC COM 12621E103 4,160 245,300 SH   SOLE   245,300 0 0
COACH INC COM 189754104 1,392 39,100 SH   SOLE   39,100 0 0
COCA COLA CO COM 191216100 6,205 145,450 SH   SOLE   145,450 0 0
COMERICA INC COM 200340107 4,039 81,000 SH   SOLE   81,000 0 0
COMPUTER SCIENCES CORP COM 205363104 11,930 195,100 SH   SOLE   195,100 0 0
CONAGRA FOODS INC COM 205887102 2,931 88,700 SH   SOLE   88,700 0 0
CONOCOPHILLIPS COM 20825C104 5,662 74,000 SH   SOLE   74,000 0 0
CONSOLIDATED EDISON INC COM 209115104 34,613 610,886 SH   SOLE   610,886 0 0
CORE MARK HOLDING CO INC COM 218681104 6,155 116,044 SH   SOLE   116,044 0 0
CORNING INC COM 219350105 252 13,015 SH   SOLE   13,015 0 0
CORNING NAT GAS HLDG CORP COM 219387107 605 28,132 SH   SOLE   28,132 0 0
CRACKER BARREL OLD CTRY STORE COM COM 22410J106 10,164 98,500 SH   SOLE   98,500 0 0
CSG SYS INTL INC COM 126349109 4,378 166,600 SH   SOLE   166,600 0 0
CSX CORP COM 126408103 2,478 77,300 SH   SOLE   77,300 0 0
CUMMINS INC COM 231021106 2,085 15,800 SH   SOLE   15,800 0 0
CURTISS WRIGHT CORP COM 231561101 4,628 70,200 SH   SOLE   70,200 0 0
CUSTOMERS BANCORP INC COM 23204G100 4,679 260,500 SH   SOLE   260,500 0 0
DEERE & CO COM 244199105 1,992 24,300 SH   SOLE   24,300 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 7,877 217,900 SH   SOLE   217,900 0 0
DELTA NAT GAS INC COM 247748106 1,681 85,047 SH   SOLE   85,047 0 0
DISCOVER FINL SVCS COM 254709108 4,443 69,000 SH   SOLE   69,000 0 0
DOLLAR GEN CORP NEW COM 256677105 2,206 36,100 SH   SOLE   36,100 0 0
DOMINION RES INC VA NEW COM 25746U109 108,948 1,576,896 SH   SOLE   1,576,896 0 0
DOW CHEM CO COM 260543103 3,194 60,900 SH   SOLE   60,900 0 0
DTE ENERGY CO COM 233331107 31,494 413,954 SH   SOLE   413,954 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 4,528 63,100 SH   SOLE   63,100 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 14,082 188,337 SH   SOLE   188,337 0 0
EMPIRE DIST ELEC CO COM 291641108 763 31,600 SH   SOLE   31,600 0 0
ENBRIDGE INC COM 29250N105 105,348 2,200,247 SH   SOLE   2,200,247 0 0
ENCORE CAP GROUP INC COM 292554102 5,982 135,000 SH   SOLE   135,000 0 0
ENERGEN CORP COM 29265N108 9,788 135,492 SH   SOLE   135,492 0 0
ENERGY TRANSFER EQUITY L P COM UNT LTD PTD 29273V100 109,432 1,773,908 SH   SOLE   1,773,908 0 0
ENGILITY HLDGS INC COM 29285W104 3,424 109,846 SH   SOLE   109,846 0 0
ENTERGY CORP NEW COM 29364G103 1,396 18,050 SH   SOLE   18,050 0 0
EQT CORP COM 26884L109 48,949 534,732 SH   SOLE   534,732 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 924 15,000 SH   SOLE   15,000 0 0
EXELON CORP COM 30161N101 20,825 610,881 SH   SOLE   610,881 0 0
EXTERRAN HLDGS INC COM 30225X103 5,530 124,800 SH   SOLE   124,800 0 0
EXXON MOBIL CORP COM 30231G102 4,919 52,300 SH   SOLE   52,300 0 0
FACEBOOK INC CL A 30303M102 202 2,550 SH   SOLE   2,550 0 0
FIFTH THIRD BANCORP COM 316773100 4,484 224,000 SH   SOLE   224,000 0 0
FIRST BANCORP P R COM NEW 318672706 451 95,000 SH   SOLE   95,000 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 4,376 260,000 SH   SOLE   260,000 0 0
FLOWERS FOODS INC COM 343498101 8,576 467,100 SH   SOLE   467,100 0 0
FLUSHING FINL CORP COM 343873105 8,861 485,000 SH   SOLE   485,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 4,864 328,900 SH   SOLE   328,900 0 0
FREEPORT-MCMORAN INC COM 35671D857 2,860 87,600 SH   SOLE   87,600 0 0
FULTON FINL CORP PA COM 360271100 4,543 410,000 SH   SOLE   410,000 0 0
GAP INC DEL COM 364760108 2,318 55,600 SH   SOLE   55,600 0 0
GAS NAT INC COM 367204104 1,058 89,600 SH   SOLE   89,600 0 0
GENERAL ELECTRIC CO COM 369604103 8,323 324,850 SH   SOLE   324,850 0 0
GENERAL MLS INC COM 370334104 5,181 102,700 SH   SOLE   102,700 0 0
GENERAL MTRS CO COM 37045V100 2,466 77,200 SH   SOLE   77,200 0 0
GENWORTH FINL INC CL A 37247D106 16,113 1,230,000 SH   SOLE   1,230,000 0 0
G-III APPAREL GROUP LTD COM 36237H101 5,518 66,600 SH   SOLE   66,600 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 2,455 53,400 SH   SOLE   53,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,019 11,000 SH   SOLE   11,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 13,958 618,000 SH   SOLE   618,000 0 0
GREEN PLAINS INC COM 393222104 6,771 181,100 SH   SOLE   181,100 0 0
HALLIBURTON CO COM 406216101 2,832 43,900 SH   SOLE   43,900 0 0
HANESBRANDS INC COM 410345102 17,018 158,400 SH   SOLE   158,400 0 0
HEWLETT PACKARD CO COM 428236103 8,073 227,600 SH   SOLE   227,600 0 0
HINGHAM INSTN SVGS MASS COM 433323102 7,666 94,000 SH   SOLE   94,000 0 0
HOLLYFRONTIER CORP COM 436106108 1,944 44,500 SH   SOLE   44,500 0 0
HOMESTREET INC COM 43785V102 1,936 113,283 SH   SOLE   113,283 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,308 340,000 SH   SOLE   340,000 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 20,581 197,500 SH   SOLE   197,500 0 0
ILLINOIS TOOL WKS INC COM 452308109 2,220 26,300 SH   SOLE   26,300 0 0
INDEPENDENT BANK CORP MASS COM 453836108 3,751 105,000 SH   SOLE   105,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 536 45,000 SH   SOLE   45,000 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 31,405 484,488 SH   SOLE   484,488 0 0
INTEL CORP COM 458140100 13,063 375,150 SH   SOLE   375,150 0 0
INTERNATIONAL BUSINESS MACHS COM COM 459200101 2,240 11,800 SH   SOLE   11,800 0 0
INTL PAPER CO COM 460146103 2,769 58,000 SH   SOLE   58,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 8,611 850,000 SH   SOLE   850,000 0 0
ITT CORP NEW COM 450911201 12,714 282,900 SH   SOLE   282,900 0 0
JACK IN THE BOX INC COM COM 466367109 5,803 85,100 SH   SOLE   85,100 0 0
JARDEN CORP COM 471109108 4,502 74,900 SH   SOLE   74,900 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 4,281 152,186 SH   SOLE   152,186 0 0
JOHNSON & JOHNSON COM 478160104 3,347 31,400 SH   SOLE   31,400 0 0
JPMORGAN CHASE & CO. COM 46625H100 7,114 118,100 SH   SOLE   118,100 0 0
KELLOGG CO COM 487836108 2,944 47,800 SH   SOLE   47,800 0 0
KEYCORP NEW COM 493267108 3,266 245,000 SH   SOLE   245,000 0 0
KIMBERLY CLARK CORP COM 494368103 5,045 46,900 SH   SOLE   46,900 0 0
KINDER MORGAN INC DEL COM 49456B101 109,412 2,853,725 SH   SOLE   2,853,725 0 0
KKR & CO L P DEL COM UNITS 48248M102 892 40,000 SH   SOLE   40,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 5,324 94,400 SH   SOLE   94,400 0 0
KROGER CO COM 501044101 2,922 56,200 SH   SOLE   56,200 0 0
L-3 COMMUNICATIONS HLDGS INC COM COM 502424104 4,709 39,600 SH   SOLE   39,600 0 0
LA Z BOY INC COM 505336107 3,238 163,600 SH   SOLE   163,600 0 0
LACLEDE GROUP INC COM 505597104 23,623 509,111 SH   SOLE   509,111 0 0
LAM RESEARCH CORP COM 512807108 260 3,480 SH   SOLE   3,480 0 0
LEAR CORP COM NEW 521865204 12,210 141,300 SH   SOLE   141,300 0 0
LENNOX INTL INC COM 526107107 3,890 50,600 SH   SOLE   50,600 0 0
LILLY ELI & CO COM 532457108 6,141 94,700 SH   SOLE   94,700 0 0
LINKEDIN CORP COM CL A 53578A108 256 1,230 SH   SOLE   1,230 0 0
LITHIA MTRS INC CL A 536797103 10,544 139,300 SH   SOLE   139,300 0 0
LOCKHEED MARTIN CORP COM 539830109 11,223 61,400 SH   SOLE   61,400 0 0
LOWES COS INC COM 548661107 2,376 44,900 SH   SOLE   44,900 0 0
LPL FINL HLDGS INC COM 50212V100 3,818 82,900 SH   SOLE   82,900 0 0
MACYS INC COM 55616P104 2,391 41,100 SH   SOLE   41,100 0 0
MANITOWOC INC COM 563571108 3,646 155,500 SH   SOLE   155,500 0 0
MARATHON OIL CORP COM 565849106 2,394 63,700 SH   SOLE   63,700 0 0
MARATHON PETE CORP COM 56585A102 2,108 24,900 SH   SOLE   24,900 0 0
MASTERCARD INC CL A 57636Q104 3,844 52,000 SH   SOLE   52,000 0 0
MATRIX SVC CO COM 576853105 3,592 148,927 SH   SOLE   148,927 0 0
MBIA INC COM 55262C100 3,029 330,000 SH   SOLE   330,000 0 0
MCDONALDS CORP COM 580135101 11,159 117,700 SH   SOLE   117,700 0 0
MCKESSON CORP COM 58155Q103 256 1,315 SH   SOLE   1,315 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 3,420 178,197 SH   SOLE   178,197 0 0
MDU RES GROUP INC COM 552690109 27,710 996,407 SH   SOLE   996,407 0 0
MERCK & CO INC NEW COM 58933Y105 10,226 172,500 SH   SOLE   172,500 0 0
MERIDIAN BANCORP INC MD COM 58958U103 1,531 145,000 SH   SOLE   145,000 0 0
METLIFE INC COM 59156R108 2,095 39,000 SH   SOLE   39,000 0 0
MGE ENERGY INC COM 55277P104 2,217 59,496 SH   SOLE   59,496 0 0
MGIC INVT CORP WIS COM 552848103 4,335 555,000 SH   SOLE   555,000 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 201 4,259 SH   SOLE   4,259 0 0
MICRON TECHNOLOGY INC COM 595112103 274 8,005 SH   SOLE   8,005 0 0
MICROSOFT CORP COM 594918104 9,896 213,450 SH   SOLE   213,450 0 0
MORGAN STANLEY COM NEW 617446448 3,976 115,000 SH   SOLE   115,000 0 0
MWI VETERINARY SUPPLY INC COM 55402X105 4,200 28,300 SH   SOLE   28,300 0 0
NATIONAL FUEL GAS CO N J COM 636180101 37,817 540,324 SH   SOLE   540,324 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 107,079 1,489,698 SH   SOLE   1,489,698 0 0
NETFLIX INC COM 64110L106 253 560 SH   SOLE   560 0 0
NEW JERSEY RES COM 646025106 18,999 376,142 SH   SOLE   376,142 0 0
NEW YORK TIMES CO CL A 650111107 3,486 310,700 SH   SOLE   310,700 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 4,893 124,279 SH   SOLE   124,279 0 0
NISOURCE INC COM 65473P105 101,431 2,475,131 SH   SOLE   2,475,131 0 0
NORTHEAST UTILS COM 664397106 17,143 386,975 SH   SOLE   386,975 0 0
NORTHROP GRUMMAN CORP COM 666807102 7,510 57,000 SH   SOLE   57,000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R704 265 15,000 SH   SOLE   15,000 0 0
NORTHWEST NAT GAS CO COM 667655104 13,176 311,865 SH   SOLE   311,865 0 0
NORTHWESTERN CORP COM NEW 668074305 6,813 150,198 SH   SOLE   150,198 0 0
NUCOR CORP COM 670346105 3,170 58,400 SH   SOLE   58,400 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 3,000 31,200 SH   SOLE   31,200 0 0
OCEANFIRST FINL CORP COM 675234108 3,685 231,600 SH   SOLE   231,600 0 0
OMNICARE INC COM 681904108 11,437 183,700 SH   SOLE   183,700 0 0
ONE GAS INC COM 68235P108 21,084 615,578 SH   SOLE   615,578 0 0
ONEOK INC NEW COM 682680103 100,200 1,528,598 SH   SOLE   1,528,598 0 0
ORACLE CORP COM 68389X105 2,236 58,400 SH   SOLE   58,400 0 0
OSHKOSH CORP COM 688239201 9,205 208,500 SH   SOLE   208,500 0 0
PAPA JOHNS INTL INC COM 698813102 3,703 92,600 SH   SOLE   92,600 0 0
PEPCO HOLDINGS INC COM 713291102 2,807 104,904 SH   SOLE   104,904 0 0
PEPSICO INC COM 713448108 5,716 61,400 SH   SOLE   61,400 0 0
PFIZER INC COM 717081103 8,841 299,000 SH   SOLE   299,000 0 0
PG&E CORP COM 69331C108 67,303 1,494,299 SH   SOLE   1,494,299 0 0
PHILIP MORRIS INTL INC COM 718172109 5,154 61,800 SH   SOLE   61,800 0 0
PIEDMONT NAT GAS INC COM 720186105 32,716 975,720 SH   SOLE   975,720 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 16,976 555,500 SH   SOLE   555,500 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 26,190 854,500 SH   SOLE   854,500 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,536 53,000 SH   SOLE   53,000 0 0
POLYONE CORP COM 73179P106 4,423 124,300 SH   SOLE   124,300 0 0
POPULAR INC COM NEW 733174700 5,004 170,000 SH   SOLE   170,000 0 0
PPL CORP COM 69351T106 4,747 144,535 SH   SOLE   144,535 0 0
PRIMORIS SVCS CORP COM 74164F103 3,656 136,200 SH   SOLE   136,200 0 0
PROCTER & GAMBLE CO COM 742718109 8,659 103,400 SH   SOLE   103,400 0 0
PROVIDENT FINL SVCS INC COM 74386T105 9,004 550,000 SH   SOLE   550,000 0 0
PRUDENTIAL FINL INC COM 744320102 791 9,000 SH   SOLE   9,000 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 48,516 1,302,790 SH   SOLE   1,302,790 0 0
QUESTAR CORP COM 748356102 36,748 1,648,619 SH   SOLE   1,648,619 0 0
RADIAN GROUP INC COM 750236101 7,558 530,000 SH   SOLE   530,000 0 0
RAYTHEON CO COM NEW 755111507 7,296 71,800 SH   SOLE   71,800 0 0
REGIONS FINL CORP NEW COM 7591EP100 4,418 440,000 SH   SOLE   440,000 0 0
RGC RES INC COM 74955L103 1,115 56,049 SH   SOLE   56,049 0 0
ROYAL DUTCH SHELL PLC SPONSORED ADR 780259107 3,014 38,100 SH   SOLE   38,100 0 0
SANDISK CORP COM 80004C101 3,399 34,705 SH   SOLE   34,705 0 0
SCANA CORP NEW COM 80589M102 15,675 315,966 SH   SOLE   315,966 0 0
SEMPRA ENERGY COM 816851109 108,640 1,030,940 SH   SOLE   1,030,940 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 3,226 112,000 SH   SOLE   112,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 904 5,500 SH   SOLE   5,500 0 0
SKECHERS U S A INC CL A 830566105 15,737 295,200 SH   SOLE   295,200 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 232 3,990 SH   SOLE   3,990 0 0
SOUTH JERSEY INDS INC COM 838518108 13,133 246,128 SH   SOLE   246,128 0 0
SOUTHWEST AIRLS CO COM 844741108 7,125 211,000 SH   SOLE   211,000 0 0
SOUTHWEST GAS CORP COM 844895102 27,068 557,190 SH   SOLE   557,190 0 0
SPECTRA ENERGY CORP COM 847560109 107,479 2,737,615 SH   SOLE   2,737,615 0 0
SQUARE 1 FINL INC CL A 85223W101 3,115 162,000 SH   SOLE   162,000 0 0
STONEGATE MTG CORP COM 86181Q300 3,767 290,000 SH   SOLE   290,000 0 0
SUNPOWER CORP COM 867652406 13,142 387,900 SH   SOLE   387,900 0 0
SUNTRUST BKS INC COM 867914103 4,450 117,000 SH   SOLE   117,000 0 0
SUPER MICRO COMPUTER INC COM 86800U104 6,022 204,700 SH   SOLE   204,700 0 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 6,350 635,000 SH   SOLE   635,000 0 0
SWIFT TRANSN CO CL A 87074U101 10,578 504,200 SH   SOLE   504,200 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,456 400,000 SH   SOLE   400,000 0 0
SYSCO CORP COM 871829107 5,309 139,900 SH   SOLE   139,900 0 0
TARGA RES CORP COM 87612G101 6,332 46,500 SH   SOLE   46,500 0 0
TARGET CORP COM 87612E106 3,078 49,100 SH   SOLE   49,100 0 0
TECO ENERGY INC COM 872375100 7,078 407,236 SH   SOLE   407,236 0 0
TENNECO INC COM 880349105 10,520 201,100 SH   SOLE   201,100 0 0
TERRITORIAL BANCORP INC COM 88145X108 1,015 50,000 SH   SOLE   50,000 0 0
TEXAS INSTRS INC COM 882508104 3,128 65,600 SH   SOLE   65,600 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 263 2,160 SH   SOLE   2,160 0 0
THOMSON REUTERS CORP COM 884903105 2,789 76,600 SH   SOLE   76,600 0 0
3M CO COM 88579Y101 3,117 22,000 SH   SOLE   22,000 0 0
T-MOBILE US INC COM 872590104 253 8,752 SH   SOLE   8,752 0 0
TOTAL S A SPONSORED ADR 89151E109 3,119 48,400 SH   SOLE   48,400 0 0
TRANSCANADA CORP COM 89353D107 104,499 2,027,927 SH   SOLE   2,027,927 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,879 20,000 SH   SOLE   20,000 0 0
TUESDAY MORNING CORP COM NEW 899035505 6,171 318,011 SH   SOLE   318,011 0 0
TWITTER INC COM 90184L102 259 5,015 SH   SOLE   5,015 0 0
TYSON FOODS INC CL A 902494103 4,701 119,400 SH   SOLE   119,400 0 0
UGI CORP NEW COM NEW 902681105 15,491 454,402 SH   SOLE   454,402 0 0
UIL HLDG CORP COM 902748102 10,005 282,633 SH   SOLE   282,633 0 0
UMPQUA HLDGS CORP COM 904214103 3,953 240,000 SH   SOLE   240,000 0 0
UNILEVER PLC SPON ADR NEW 904767704 3,000 71,600 SH   SOLE   71,600 0 0
UNION PAC CORP COM 907818108 2,862 26,400 SH   SOLE   26,400 0 0
UNITED CONTL HLDGS INC COM 910047109 4,642 99,200 SH   SOLE   99,200 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,330 420,000 SH   SOLE   420,000 0 0
UNITED RENTALS INC COM 911363109 6,011 54,100 SH   SOLE   54,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,059 19,500 SH   SOLE   19,500 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,527 29,300 SH   SOLE   29,300 0 0
UNITIL CORP COM 913259107 3,052 98,168 SH   SOLE   98,168 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 14,275 136,600 SH   SOLE   136,600 0 0
UNIVERSAL INS HLDGS INC COM 91359V107 4,845 374,700 SH   SOLE   374,700 0 0
US BANCORP DEL COM NEW 902973304 4,476 107,000 SH   SOLE   107,000 0 0
VECTREN CORP COM 92240G101 18,929 474,416 SH   SOLE   474,416 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 9,601 192,050 SH   SOLE   192,050 0 0
VISA INC CL A 92826C839 4,054 19,000 SH   SOLE   19,000 0 0
VISTEON CORP COM NEW 92839U206 18,371 188,900 SH   SOLE   188,900 0 0
WAL-MART STORES INC COM 931142103 2,141 28,000 SH   SOLE   28,000 0 0
WASHINGTON FED INC COM 938824109 9,366 460,000 SH   SOLE   460,000 0 0
WASTE MGMT INC DEL COM 94106L109 3,156 66,400 SH   SOLE   66,400 0 0
WEBSTER FINL CORP CONN COM 947890109 3,788 130,000 SH   SOLE   130,000 0 0
WELLS FARGO & CO NEW COM 949746101 4,409 85,000 SH   SOLE   85,000 0 0
WENDYS CO COM 95058W100 9,806 1,187,200 SH   SOLE   1,187,200 0 0
WESTERN DIGITAL CORP COM 958102105 2,569 26,400 SH   SOLE   26,400 0 0
WGL HLDGS INC COM 92924F106 20,722 491,987 SH   SOLE   491,987 0 0
WINTRUST FINL CORP COM 97650W108 8,934 200,000 SH   SOLE   200,000 0 0
WISCONSIN ENERGY CORP COM 976657106 9,480 220,460 SH   SOLE   220,460 0 0
WSFS FINL CORP COM 929328102 5,586 78,000 SH   SOLE   78,000 0 0
XCEL ENERGY INC COM 98389B100 20,623 678,399 SH   SOLE   678,399 0 0
ZIONS BANCORPORATION COM 989701107 9,532 328,000 SH   SOLE   328,000 0 0