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 2,796 54,400 SH   SOLE   54,400 0 0
ACETO CORP COM 004446100 4,932 245,484 SH   SOLE   245,484 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 4,643 36,700 SH   SOLE   36,700 0 0
AGL RES INC COM 001204106 43,962 897,916 SH   SOLE   897,916 0 0
AK STL HLDG CORP COM 001547108 4,888 677,000 SH   SOLE   677,000 0 0
ALASKA AIR GROUP INC COM 011659109 14,958 160,300 SH   SOLE   160,300 0 0
ALERE INC COM 01449J105 4,507 131,200 SH   SOLE   131,200 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 292 1,920 SH   SOLE   1,920 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 1,090 4,000 SH   SOLE   4,000 0 0
ALLIANT ENERGY CORP COM 018802108 4,679 82,354 SH   SOLE   82,354 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 14,315 100,700 SH   SOLE   100,700 0 0
ALLSTATE CORP COM 020002101 1,584 28,000 SH   SOLE   28,000 0 0
ALTRIA GROUP INC COM 02209S103 4,885 130,500 SH   SOLE   130,500 0 0
AMAZON COM INC COM 023135106 284 845 SH   SOLE   845 0 0
AMEREN CORP COM 023608102 7,144 173,390 SH   SOLE   173,390 0 0
AMERICAN AXLE & MFG HLDGS INC COM 024061103 6,063 327,400 SH   SOLE   327,400 0 0
AMERICAN EQTY INVT LIFE HLD CO COM 025676206 7,237 306,400 SH   SOLE   306,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 5,151 103,000 SH   SOLE   103,000 0 0
AMTRUST FINL SVCS INC COM 032359309 6,239 165,900 SH   SOLE   165,900 0 0
APPLE INC COM 037833100 2,066 3,850 SH   SOLE   3,850 0 0
APPLIED MATLS INC COM 038222105 302 14,800 SH   SOLE   14,800 0 0
ASSOCIATED BANC CORP COM 045487105 6,682 370,000 SH   SOLE   370,000 0 0
ASTORIA FINL CORP COM 046265104 10,089 730,000 SH   SOLE   730,000 0 0
AT&T INC COM 00206R102 9,581 273,200 SH   SOLE   273,200 0 0
ATMOS ENERGY CORP COM 049560105 43,348 919,762 SH   SOLE   919,762 0 0
AUTOZONE INC COM 053332102 2,363 4,400 SH   SOLE   4,400 0 0
AVIS BUDGET GROUP COM 053774105 11,055 227,000 SH   SOLE   227,000 0 0
AVISTA CORP COM 05379B107 3,309 107,972 SH   SOLE   107,972 0 0
BANCO SANTANDER SA ADR 05964H105 2,953 308,200 SH   SOLE   308,200 0 0
BANCORP INC DEL COM 05969A105 9,405 500,000 SH   SOLE   500,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 5,126 298,000 SH   SOLE   298,000 0 0
BANKUNITED INC COM 06652K103 10,257 295,000 SH   SOLE   295,000 0 0
BANNER CORP COM NEW 06652V208 7,624 185,000 SH   SOLE   185,000 0 0
BAXTER INTL INC COM 071813109 5,053 68,675 SH   SOLE   68,675 0 0
BED BATH & BEYOND INC COM 075896100 1,775 25,800 SH   SOLE   25,800 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 10,304 55 SH   SOLE   55 0 0
BGC PARTNERS INC CL A 05541T101 4,333 662,473 SH   SOLE   662,473 0 0
BIOGEN IDEC INC COM 09062X103 286 935 SH   SOLE   935 0 0
BLACK HILLS CORP COM 092113109 5,157 89,459 SH   SOLE   89,459 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 4,389 132,000 SH   SOLE   132,000 0 0
BP PLC SPONSORED ADR 055622104 2,689 55,900 SH   SOLE   55,900 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 2,753 53,000 SH   SOLE   53,000 0 0
BRUNSWICK CORP COM 117043109 7,346 162,200 SH   SOLE   162,200 0 0
CAPITAL BK FINL CORP COM 139794101 4,678 186,308 SH   SOLE   186,308 0 0
CAPITAL ONE FINL CORP COM 14040H105 4,244 55,000 SH   SOLE   55,000 0 0
CAPITALSOURCE INC COM 14055X102 3,793 260,000 SH   SOLE   260,000 0 0
CARMIKE CINEMAS INC COM 143436400 4,838 162,027 SH   SOLE   162,027 0 0
CATERPILLAR INC DEL COM 149123101 2,295 23,100 SH   SOLE   23,100 0 0
CENTERPOINT ENERGY INC COM 15189T107 33,835 1,428,226 SH   SOLE   1,428,226 0 0
CENTERSTATE BANKS INC COM 15201P109 601 55,000 SH   SOLE   55,000 0 0
CENTURYLINK INC COM 156700106 3,008 91,600 SH   SOLE   91,600 0 0
CF INDS HLDGS INC COM 125269100 2,320 8,900 SH   SOLE   8,900 0 0
CHENIERE ENERGY INC COM NEW 16411R208 76,611 1,384,117 SH   SOLE   1,384,117 0 0
CHESAPEAKE UTILS CORP COM 165303108 4,482 70,969 SH   SOLE   70,969 0 0
CHEVRON CORP NEW COM 166764100 11,183 94,050 SH   SOLE   94,050 0 0
CIENA CORP COM NEW 171779309 5,919 260,300 SH   SOLE   260,300 0 0
CIGNA CORPORATION COM 125509109 5,099 60,900 SH   SOLE   60,900 0 0
CISCO SYS INC COM 17275R102 4,414 196,950 SH   SOLE   196,950 0 0
CIT GROUP INC COM NEW 125581801 5,000 102,000 SH   SOLE   102,000 0 0
CITIGROUP INC COM NEW 172967424 4,998 105,000 SH   SOLE   105,000 0 0
CMS ENERGY CORP COM 125896100 21,657 739,648 SH   SOLE   739,648 0 0
CNO FINL GROUP INC COM 12621E103 4,603 254,300 SH   SOLE   254,300 0 0
COACH INC COM 189754104 1,832 36,900 SH   SOLE   36,900 0 0
COCA COLA CO COM 191216100 3,650 94,400 SH   SOLE   94,400 0 0
COMERICA INC COM 200340107 3,004 58,000 SH   SOLE   58,000 0 0
COMPUTER SCIENCES CORP COM 205363104 7,572 124,500 SH   SOLE   124,500 0 0
CONAGRA FOODS INC COM 205887102 2,603 83,900 SH   SOLE   83,900 0 0
CONOCOPHILLIPS COM 20825C104 4,925 70,000 SH   SOLE   70,000 0 0
CONSOLIDATED EDISON INC COM 209115104 24,458 455,886 SH   SOLE   455,886 0 0
CORE MARK HOLDING CO INC COM 218681104 4,368 60,172 SH   SOLE   60,172 0 0
CORNING NAT GAS HLDG CORP COM 219387107 381 21,163 SH   SOLE   21,163 0 0
CRACKER BARREL OLD CTRY STORE COM 22410J106 6,107 62,800 SH   SOLE   62,800 0 0
CSG SYS INTL INC COM 126349109 4,497 172,700 SH   SOLE   172,700 0 0
CSX CORP COM 126408103 2,115 73,000 SH   SOLE   73,000 0 0
CUMMINS INC COM 231021106 2,220 14,900 SH   SOLE   14,900 0 0
CURTISS WRIGHT CORP COM 231561101 4,626 72,800 SH   SOLE   72,800 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,426 260,000 SH   SOLE   260,000 0 0
DEERE & CO COM 244199105 2,079 22,900 SH   SOLE   22,900 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 7,585 218,900 SH   SOLE   218,900 0 0
DELTA NAT GAS INC COM 247748106 1,340 64,692 SH   SOLE   64,692 0 0
DIRECTV COM 25490A309 2,300 30,100 SH   SOLE   30,100 0 0
DISCOVER FINL SVCS COM 254709108 3,724 64,000 SH   SOLE   64,000 0 0
DOLLAR GEN CORP NEW COM 256677105 1,886 34,000 SH   SOLE   34,000 0 0
DOMINION RES INC VA NEW COM 25746U109 75,008 1,056,596 SH   SOLE   1,056,596 0 0
DOW CHEM CO COM 260543103 2,804 57,700 SH   SOLE   57,700 0 0
DTE ENERGY CO COM 233331107 18,941 254,954 SH   SOLE   254,954 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 7,176 106,950 SH   SOLE   106,950 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 9,888 138,837 SH   SOLE   138,837 0 0
EMPIRE DIST ELEC CO COM 291641108 675 27,750 SH   SOLE   27,750 0 0
ENBRIDGE INC COM 29250N105 73,082 1,605,848 SH   SOLE   1,605,848 0 0
ENCORE CAP GROUP INC COM 292554102 9,826 215,000 SH   SOLE   215,000 0 0
ENERGEN CORP COM 29265N108 11,434 141,492 SH   SOLE   141,492 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 76,549 1,637,408 SH   SOLE   1,637,408 0 0
ENGILITY HLDGS INC COM 29285W104 5,129 113,846 SH   SOLE   113,846 0 0
ENTERGY CORP NEW COM 29364G103 862 12,900 SH   SOLE   12,900 0 0
EQT CORP COM 26884L109 9,596 98,960 SH   SOLE   98,960 0 0
EVERBANK FINL CORP COM 29977G102 3,058 155,000 SH   SOLE   155,000 0 0
EXELON CORP COM 30161N101 15,031 447,881 SH   SOLE   447,881 0 0
EXTERRAN HLDGS INC COM 30225X103 5,678 129,400 SH   SOLE   129,400 0 0
EXXON MOBIL CORP COM 30231G102 4,835 49,500 SH   SOLE   49,500 0 0
FIFTH THIRD BANCORP COM 316773100 5,118 223,000 SH   SOLE   223,000 0 0
FIRST BANCORP P R COM NEW 318672706 5,984 1,100,000 SH   SOLE   1,100,000 0 0
FIRST CONN BANCORP INC MD COM 319850103 1,801 115,000 SH   SOLE   115,000 0 0
FIRST INTERNET BANCORP COM 320557101 4,486 197,017 SH   SOLE   197,017 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 10,110 455,000 SH   SOLE   455,000 0 0
FLOWERS FOODS INC COM 343498101 6,394 298,100 SH   SOLE   298,100 0 0
FLUSHING FINL CORP COM 343873105 10,114 480,000 SH   SOLE   480,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 4,850 310,900 SH   SOLE   310,900 0 0
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 2,742 82,900 SH   SOLE   82,900 0 0
FUEL TECH INC COM 359523107 51 10,200 SH   SOLE   10,200 0 0
FULTON FINL CORP PA COM 360271100 4,592 365,000 SH   SOLE   365,000 0 0
GAP INC DEL COM 364760108 2,103 52,500 SH   SOLE   52,500 0 0
GAS NAT INC COM 367204104 716 70,993 SH   SOLE   70,993 0 0
GENERAL ELECTRIC CO COM 369604103 8,773 338,850 SH   SOLE   338,850 0 0
GENERAL MLS INC COM 370334104 5,032 97,100 SH   SOLE   97,100 0 0
GENERAL MTRS CO COM 37045V100 2,516 73,100 SH   SOLE   73,100 0 0
GENWORTH FINL INC CL A 37247D106 20,405 1,150,900 SH   SOLE   1,150,900 0 0
G-III APPAREL GROUP LTD COM 36237H101 4,939 69,000 SH   SOLE   69,000 0 0
GILEAD SCIENCES INC COM 375558103 288 4,065 SH   SOLE   4,065 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 2,698 50,500 SH   SOLE   50,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 3,932 24,000 SH   SOLE   24,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 12,033 460,500 SH   SOLE   460,500 0 0
GREEN DOT CORP CL A 39304D102 1,465 75,000 SH   SOLE   75,000 0 0
GREEN PLAINS RENEWABLE ENERGY COM 393222104 5,626 187,800 SH   SOLE   187,800 0 0
HALLIBURTON CO COM 406216101 2,438 41,400 SH   SOLE   41,400 0 0
HANESBRANDS INC COM 410345102 7,908 103,400 SH   SOLE   103,400 0 0
HEWLETT PACKARD CO COM 428236103 7,401 228,700 SH   SOLE   228,700 0 0
HINGHAM INSTN SVGS MASS COM 433323102 7,379 94,000 SH   SOLE   94,000 0 0
HOLLYFRONTIER CORP COM 436106108 2,003 42,100 SH   SOLE   42,100 0 0
HOME LN SERVICING SOLUTIONS LT ORD SH G6648D109 432 20,000 SH   SOLE   20,000 0 0
HOMESTREET INC COM 43785V102 8,895 455,000 SH   SOLE   455,000 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,739 375,000 SH   SOLE   375,000 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 14,807 144,800 SH   SOLE   144,800 0 0
ILLINOIS TOOL WKS INC COM 452308109 2,017 24,800 SH   SOLE   24,800 0 0
ILLUMINA INC COM 452327109 293 1,973 SH   SOLE   1,973 0 0
INDEPENDENT BANK CORP MASS COM 453836108 1,378 35,000 SH   SOLE   35,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 4,164 320,815 SH   SOLE   320,815 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 22,398 375,488 SH   SOLE   375,488 0 0
INTEL CORP COM 458140100 11,762 455,700 SH   SOLE   455,700 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,137 11,100 SH   SOLE   11,100 0 0
INTL PAPER CO COM 460146103 2,565 55,900 SH   SOLE   55,900 0 0
INVESTORS BANCORP INC COM 46146P102 5,943 215,000 SH   SOLE   215,000 0 0
ITT CORP NEW COM 450911201 7,718 180,500 SH   SOLE   180,500 0 0
JACK IN THE BOX INC COM 466367109 5,199 88,200 SH   SOLE   88,200 0 0
JARDEN CORP COM 471109108 4,649 77,700 SH   SOLE   77,700 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 4,876 157,786 SH   SOLE   157,786 0 0
JOHNSON & JOHNSON COM 478160104 3,438 35,000 SH   SOLE   35,000 0 0
JPMORGAN CHASE & CO. COM 46625H100 8,921 146,950 SH   SOLE   146,950 0 0
KB HOME COM 48666K109 4,163 245,000 SH   SOLE   245,000 0 0
KELLOGG CO COM 487836108 2,841 45,300 SH   SOLE   45,300 0 0
KEYCORP NEW COM 493267108 1,709 120,000 SH   SOLE   120,000 0 0
KIMBERLY CLARK CORP COM 494368103 4,884 44,300 SH   SOLE   44,300 0 0
KINDER MORGAN INC DEL COM 49456B101 77,301 2,379,225 SH   SOLE   2,379,225 0 0
KKR FINL HLDGS LLC COM 48248A306 5,727 495,000 SH   SOLE   495,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 5,004 89,200 SH   SOLE   89,200 0 0
KROGER CO COM 501044101 2,318 53,100 SH   SOLE   53,100 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 4,844 41,000 SH   SOLE   41,000 0 0
LA Z BOY INC COM 505336107 4,596 169,600 SH   SOLE   169,600 0 0
LACLEDE GROUP INC COM 505597104 14,010 297,133 SH   SOLE   297,133 0 0
LEAR CORP COM NEW 521865204 7,543 90,100 SH   SOLE   90,100 0 0
LENNOX INTL INC COM 526107107 4,773 52,500 SH   SOLE   52,500 0 0
LILLY ELI & CO COM 532457108 5,268 89,500 SH   SOLE   89,500 0 0
LITHIA MTRS INC CL A 536797103 5,908 88,900 SH   SOLE   88,900 0 0
LOCKHEED MARTIN CORP COM 539830109 9,876 60,500 SH   SOLE   60,500 0 0
LORILLARD INC COM 544147101 2,255 41,700 SH   SOLE   41,700 0 0
LOWES COS INC COM 548661107 2,073 42,400 SH   SOLE   42,400 0 0
LPL FINL HLDGS INC COM 50212V100 4,518 86,000 SH   SOLE   86,000 0 0
MACYS INC COM 55616P104 2,300 38,800 SH   SOLE   38,800 0 0
MANITOWOC INC COM 563571108 5,070 161,200 SH   SOLE   161,200 0 0
MARATHON OIL CORP COM 565849106 2,135 60,100 SH   SOLE   60,100 0 0
MARATHON PETE CORP COM 56585A102 2,045 23,500 SH   SOLE   23,500 0 0
MASTERCARD INC CL A 57636Q104 4,034 54,000 SH   SOLE   54,000 0 0
MATRIX SVC CO COM 576853105 5,213 154,327 SH   SOLE   154,327 0 0
MBIA INC COM 55262C100 8,324 595,000 SH   SOLE   595,000 0 0
MCDONALDS CORP COM 580135101 11,053 112,750 SH   SOLE   112,750 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 4,217 184,797 SH   SOLE   184,797 0 0
MDU RES GROUP INC COM 552690109 20,727 604,107 SH   SOLE   604,107 0 0
MERCK & CO INC NEW COM 58933Y105 10,537 185,600 SH   SOLE   185,600 0 0
METLIFE INC COM 59156R108 5,069 96,000 SH   SOLE   96,000 0 0
MGE ENERGY INC COM 55277P104 1,922 48,997 SH   SOLE   48,997 0 0
MGIC INVT CORP WIS COM 552848103 7,753 910,000 SH   SOLE   910,000 0 0
MICRON TECHNOLOGY INC COM 595112103 314 13,260 SH   SOLE   13,260 0 0
MICROSOFT CORP COM 594918104 8,866 216,300 SH   SOLE   216,300 0 0
MORGAN STANLEY COM NEW 617446448 4,488 144,000 SH   SOLE   144,000 0 0
MOVE INC COM NEW 62458M207 2,774 240,000 SH   SOLE   240,000 0 0
MWI VETERINARY SUPPLY INC COM 55402X105 4,560 29,300 SH   SOLE   29,300 0 0
NATIONAL BK HLDGS CORP COM 633707104 1,706 85,000 SH   SOLE   85,000 0 0
NATIONAL FUEL GAS CO N J COM 636180101 31,751 453,324 SH   SOLE   453,324 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 75,009 1,091,198 SH   SOLE   1,091,198 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 974 30,000 SH   SOLE   30,000 0 0
NETFLIX INC COM 64110L106 271 770 SH   SOLE   770 0 0
NEW JERSEY RES COM 646025106 14,424 289,642 SH   SOLE   289,642 0 0
NEW YORK TIMES CO CL A 650111107 5,514 322,100 SH   SOLE   322,100 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 4,837 128,879 SH   SOLE   128,879 0 0
NISOURCE INC COM 65473P105 62,662 1,763,631 SH   SOLE   1,763,631 0 0
NMI HLDGS INC CL A 629209305 466 39,800 SH   SOLE   39,800 0 0
NORTHEAST UTILS COM 664397106 8,075 177,475 SH   SOLE   177,475 0 0
NORTHROP GRUMMAN CORP COM 666807102 7,070 57,300 SH   SOLE   57,300 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 4,116 255,000 SH   SOLE   255,000 0 0
NORTHWEST NAT GAS CO COM 667655104 10,060 228,594 SH   SOLE   228,594 0 0
NORTHWESTERN CORP COM NEW 668074305 5,322 112,198 SH   SOLE   112,198 0 0
NUCOR CORP COM 670346105 2,795 55,300 SH   SOLE   55,300 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,811 29,500 SH   SOLE   29,500 0 0
OCEANFIRST FINL CORP COM 675234108 3,810 215,400 SH   SOLE   215,400 0 0
OCWEN FINL CORP COM NEW 675746309 784 20,000 SH   SOLE   20,000 0 0
OMNICARE INC COM 681904108 6,993 117,200 SH   SOLE   117,200 0 0
ONE GAS INC COM 68235P108 18,219 507,078 SH   SOLE   507,078 0 0
ONEOK INC NEW COM 682680103 54,766 924,315 SH   SOLE   924,315 0 0
ORACLE CORP COM 68389X105 2,258 55,200 SH   SOLE   55,200 0 0
ORBITAL SCIENCES CORP COM 685564106 4,735 169,696 SH   SOLE   169,696 0 0
OSHKOSH CORP COM 688239201 7,830 133,000 SH   SOLE   133,000 0 0
PAPA JOHNS INTL INC COM 698813102 5,003 96,000 SH   SOLE   96,000 0 0
PEPCO HOLDINGS INC COM 713291102 1,688 82,404 SH   SOLE   82,404 0 0
PEPSICO INC COM 713448108 4,843 58,000 SH   SOLE   58,000 0 0
PFIZER INC COM 717081103 9,654 300,550 SH   SOLE   300,550 0 0
PG&E CORP COM 69331C108 43,710 1,011,799 SH   SOLE   1,011,799 0 0
PHILIP MORRIS INTL INC COM 718172109 4,789 58,500 SH   SOLE   58,500 0 0
PIEDMONT NAT GAS INC COM 720186105 25,554 722,068 SH   SOLE   722,068 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 7,832 374,400 SH   SOLE   374,400 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 11,360 406,000 SH   SOLE   406,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 5,307 61,000 SH   SOLE   61,000 0 0
POLYONE CORP COM 73179P106 4,725 128,900 SH   SOLE   128,900 0 0
POPULAR INC COM NEW 733174700 10,072 325,000 SH   SOLE   325,000 0 0
PORTFOLIO RECOVERY ASSOCS INC COM 73640Q105 1,562 27,000 SH   SOLE   27,000 0 0
PPL CORP COM 69351T106 19,454 587,035 SH   SOLE   587,035 0 0
PRICELINE COM INC COM NEW 741503403 281 236 SH   SOLE   236 0 0
PRIMORIS SVCS CORP COM 74164F103 4,233 141,200 SH   SOLE   141,200 0 0
PROCTER & GAMBLE CO COM 742718109 7,484 92,850 SH   SOLE   92,850 0 0
PROVIDENT FINL SVCS INC COM 74386T105 8,634 470,000 SH   SOLE   470,000 0 0
PRUDENTIAL FINL INC COM 744320102 3,725 44,000 SH   SOLE   44,000 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 33,784 885,790 SH   SOLE   885,790 0 0
QUESTAR CORP COM 748356102 29,383 1,235,615 SH   SOLE   1,235,615 0 0
RADIAN GROUP INC COM 750236101 10,070 670,000 SH   SOLE   670,000 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 4,839 570,000 SH   SOLE   570,000 0 0
RAYTHEON CO COM NEW 755111507 7,123 72,100 SH   SOLE   72,100 0 0
REGIONS FINL CORP NEW COM 7591EP100 5,111 460,000 SH   SOLE   460,000 0 0
RGC RES INC COM 74955L103 889 46,767 SH   SOLE   46,767 0 0
ROCKVILLE FINL INC NEW COM 774188106 1,971 145,000 SH   SOLE   145,000 0 0
ROYAL DUTCH SHELL PLC SPONSORED ADR 780259107 2,820 36,100 SH   SOLE   36,100 0 0
SALESFORCE COM INC COM 79466L302 297 5,200 SH   SOLE   5,200 0 0
SANDISK CORP COM 80004C101 2,750 33,875 SH   SOLE   33,875 0 0
SCANA CORP NEW COM 80589M102 12,007 233,966 SH   SOLE   233,966 0 0
SEMPRA ENERGY COM 816851109 75,661 781,940 SH   SOLE   781,940 0 0
SKECHERS U S A INC CL A 830566105 7,772 212,700 SH   SOLE   212,700 0 0
SOUTH JERSEY INDS INC COM 838518108 12,041 214,677 SH   SOLE   214,677 0 0
SOUTHWEST AIRLS CO COM 844741108 5,166 218,800 SH   SOLE   218,800 0 0
SOUTHWEST GAS CORP COM 844895102 21,977 411,178 SH   SOLE   411,178 0 0
SPECTRA ENERGY CORP COM 847560109 74,752 2,023,615 SH   SOLE   2,023,615 0 0
STERLING FINL CORP WASH COM NEW 859319303 6,833 205,000 SH   SOLE   205,000 0 0
STONEGATE MTG CORP COM 86181Q300 7,133 480,000 SH   SOLE   480,000 0 0
SUNPOWER CORP COM 867652406 7,984 247,500 SH   SOLE   247,500 0 0
SUNTRUST BKS INC COM 867914103 5,173 130,000 SH   SOLE   130,000 0 0
SUPER MICRO COMPUTER INC COM 86800U104 3,686 212,200 SH   SOLE   212,200 0 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 3,759 330,000 SH   SOLE   330,000 0 0
SWIFT TRANSN CO CL A 87074U101 7,962 321,700 SH   SOLE   321,700 0 0
SYNOVUS FINL CORP COM 87161C105 10,001 2,950,000 SH   SOLE   2,950,000 0 0
SYSCO CORP COM 871829107 4,780 132,300 SH   SOLE   132,300 0 0
TARGA RES CORP COM 87612G101 4,784 48,200 SH   SOLE   48,200 0 0
TARGET CORP COM 87612E106 2,814 46,500 SH   SOLE   46,500 0 0
TECO ENERGY INC COM 872375100 4,712 274,736 SH   SOLE   274,736 0 0
TENNECO INC COM 880349105 7,450 128,300 SH   SOLE   128,300 0 0
TERRITORIAL BANCORP INC COM 88145X108 2,160 100,000 SH   SOLE   100,000 0 0
TEXAS INSTRS INC COM 882508104 2,928 62,100 SH   SOLE   62,100 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 283 2,350 SH   SOLE   2,350 0 0
THOMSON REUTERS CORP COM 884903105 2,480 72,500 SH   SOLE   72,500 0 0
3M CO COM 88579Y101 2,822 20,800 SH   SOLE   20,800 0 0
T-MOBILE US INC COM 872590104 301 9,100 SH   SOLE   9,100 0 0
TOTAL S A SPONSORED ADR 89151E109 3,004 45,800 SH   SOLE   45,800 0 0
TOTAL SYS SVCS INC COM 891906109 5,322 175,000 SH   SOLE   175,000 0 0
TRANSCANADA CORP COM 89353D107 74,554 1,637,827 SH   SOLE   1,637,827 0 0
TRAVELERS COMPANIES INC COM 89417E109 5,021 59,000 SH   SOLE   59,000 0 0
TRIPADVISOR INC COM 896945201 222 2,450 SH   SOLE   2,450 0 0
TUESDAY MORNING CORP COM NEW 899035505 4,664 329,611 SH   SOLE   329,611 0 0
TYSON FOODS INC CL A 902494103 5,448 123,800 SH   SOLE   123,800 0 0
UGI CORP NEW COM NEW 902681105 10,715 234,935 SH   SOLE   234,935 0 0
UIL HLDG CORP COM 902748102 8,085 219,633 SH   SOLE   219,633 0 0
UNILEVER PLC NY SHS NEW 904767704 2,900 67,800 SH   SOLE   67,800 0 0
UNION PAC CORP COM 907818108 2,327 12,400 SH   SOLE   12,400 0 0
UNITED CONTL HLDGS INC COM 910047109 4,588 102,800 SH   SOLE   102,800 0 0
UNITED FINANCIAL BANCORP INC COM 91030T109 1,563 85,000 SH   SOLE   85,000 0 0
UNITED RENTALS INC COM 911363109 5,326 56,100 SH   SOLE   56,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,150 18,400 SH   SOLE   18,400 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,263 27,600 SH   SOLE   27,600 0 0
UNITIL CORP COM 913259107 2,238 68,140 SH   SOLE   68,140 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 7,157 87,200 SH   SOLE   87,200 0 0
UNIVERSAL INS HLDGS INC COM 91359V107 4,933 388,400 SH   SOLE   388,400 0 0
UNS ENERGY CORP COM 903119105 1,349 22,480 SH   SOLE   22,480 0 0
URS CORP NEW COM 903236107 5,652 120,100 SH   SOLE   120,100 0 0
US BANCORP DEL COM NEW 902973304 4,415 103,000 SH   SOLE   103,000 0 0
VECTREN CORP COM 92240G101 11,361 288,416 SH   SOLE   288,416 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 9,183 193,050 SH   SOLE   193,050 0 0
VISA INC CL A 92826C839 4,533 21,000 SH   SOLE   21,000 0 0
VISTEON CORP COM NEW 92839U206 12,558 142,000 SH   SOLE   142,000 0 0
WAL-MART STORES INC COM 931142103 2,018 26,400 SH   SOLE   26,400 0 0
WALTER INVT MGMT CORP COM 93317W102 1,193 40,000 SH   SOLE   40,000 0 0
WASHINGTON FED INC COM 938824109 10,252 440,000 SH   SOLE   440,000 0 0
WASTE MGMT INC DEL COM 94106L109 2,642 62,800 SH   SOLE   62,800 0 0
WELLS FARGO & CO NEW COM 949746101 3,482 70,000 SH   SOLE   70,000 0 0
WENDYS CO COM 95058W100 6,908 757,500 SH   SOLE   757,500 0 0
WESTERN DIGITAL CORP COM 958102105 2,286 24,900 SH   SOLE   24,900 0 0
WEX INC COM 96208T104 1,236 13,000 SH   SOLE   13,000 0 0
WGL HLDGS INC COM 92924F106 16,144 402,987 SH   SOLE   402,987 0 0
WINTRUST FINL CORP COM 97650W108 10,705 220,000 SH   SOLE   220,000 0 0
WISCONSIN ENERGY CORP COM 976657106 10,868 233,460 SH   SOLE   233,460 0 0
WSFS FINL CORP COM 929328102 2,500 35,000 SH   SOLE   35,000 0 0
XCEL ENERGY INC COM 98389B100 15,739 518,399 SH   SOLE   518,399 0 0
ZIONS BANCORPORATION COM 989701107 9,604 310,000 SH   SOLE   310,000 0 0