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----------------------------------------------------------------------------- portfolio companies for quarter ending December 2011

Ticker Name Portfolio Weight Share Count Price Last Trade
CVX Chevron Corporation 0.03 3934589 103.08 123.42
CB Chubb Corporation 0.02 4912027 67.41 89.88
APA Apache Corporation 0.02 2147078 98.87 81.30
BDX Becton, Dickinson and 0.02 2807379 78.41 101.78
AAPL Apple 0.02 501791 456.49 433.26
CL Colgate-Palmolive Company 0.02 2258446 90.72 62.04
COP ConocoPhillips 0.02 2940129 68.20 63.31
DFS Discover Financial Services 0.01 5154187 27.18 47.70
AMP Ameriprise Financial 0.01 1455962 53.55 81.69
Canadian Natl Ry 0.01 1935073 75.42 0.00
CAT Caterpillar 0.01 970946 90.60 87.67
ABT Abbott Laboratories 0.01 3395902 56.23 36.59
BAX Baxter International 0.01 2167770 49.48 72.94
DIS Walt Disney Company 0.01 2548883 38.90 66.58
CBS CBS Corporation 0.01 2902782 28.48 51.53
AEE Ameren Corporation 0.01 2693646 31.64 36.28
CAH Cardinal Health 0.01 1736276 43.03 47.79
MMM 3M Company 0.01 2215576 86.71 111.39
T AT&T; 0.01 2243860 30.24 37.44
CSCO Cisco Systems 0.01 4987823 19.62 24.24
COH Coach 0.01 2259022 70.05 59.23
ARG Airgas 0.01 1277094 78.93 101.87
BCR C.R. Bard 0.01 1491356 92.52 107.41
CMA Comerica Incorporated 0.01 3341460 27.67 39.88
ADI Analog Devices 0.01 4944039 35.78 47.02
CVS CVS Caremark Corporation 0.01 2468804 41.75 59.44
CPB Campbell Soup Company 0.01 2140521 31.70 47.63
CTL CenturyLink 0.01 2268547 37.03 37.67
ARW Arrow Electronics 0.01 1869247 41.29 39.86
AMGN Amgen 0.01 1932803 67.91 105.63
DE Deere & Company 0.01 1701566 77.35 86.97
CAJ Canon 0.01 2762681 42.84 37.10
AMAT Applied Materials 0.01 5974788 12.29 14.96
BWA BorgWarner 0.01 1224955 74.63 85.35
Covidien 0.01 1996727 51.50 0.00
ETFC E TRADE Financial Corporation 0.00 1056587 8.19 11.53
CIT CIT 0.00 1556052 38.14 44.45
CMCSA Comcast Corporation 0.00 2491100 26.59 42.64
CCK Crown Holdings 0.00 9700 36.08 44.04
SVN 7 DAYS GROUP HOLDINGS 0.00 100000 14.70 13.61
Biomarin Pharmaceutical Inc note 1.875% 4/2 0.00 8525000 1.85 0.00
BSBR Banco Santander 0.00 275600 9.12 7.32
VALE Vale 0.00 148600 25.30 15.61
CMS CMS Energy Corporation 0.00 2146290 21.83 29.10
ANSS ANSYS 0.00 68800 60.49 76.44
NLY Annaly Capital Management 0.00 2120959 16.84 15.01
CME CME 0.00 66733 239.63 65.17
AXP American Express Company 0.00 1305395 50.14 73.32
Ace Limited Cmn 0.00 729360 69.60 0.00
AON Aon Corporation 0.00 707257 48.43 66.29
BAC Bank of America Corporation 0.00 101088 7.13 13.43
DST DST Systems 0.00 1151537 48.78 71.36
CSE CapitalSource 0.00 623954 6.91 9.36
BRK.B Berkshire Hathaway 0.00 19706 78.35 0.00
COG Cabot Oil & Gas Corporation 0.00 275693 31.90 70.28
KO Coca-Cola Company 0.00 933834 67.53 42.97
COST Costco Wholesale Corporation 0.00 4980 82.33 113.05
CSX CSX Corporation 0.00 2165797 22.55 25.92
DVN Devon Energy Corporation 0.00 881446 63.81 58.79
CROX Crocs 0.00 261222 19.02 17.13
AUXL Auxilium Pharmaceuticals 0.00 189800 19.87 15.01
AGL AGL Resources 0.00 426932 41.50 0.00
ED Consolidated Edison 0.00 906055 62.06 60.79
D Dominion Resources 0.00 6565 50.11 61.17
DUK Duke Energy Corporation 0.00 583318 21.36 71.62
BMY Bristol Myers Squibb 0.00 2040342 32.24 43.30
CRI Carter's 0.00 171772 41.92 70.06
CTXS Citrix Systems 0.00 229569 65.21 66.84
Cooper Industries 0.00 199885 59.12 0.00
CPRT Copart 0.00 137045 47.04 38.09
CMI Cummins 0.00 269724 104.00 116.43
ADBE Adobe Systems Incorporated 0.00 2124456 28.27 44.61
AFL AFLAC Incorporated 0.00 1256707 48.23 55.24
BA Boeing Company 0.00 167585 74.18 98.92
DOW Dow Chemical Company 0.00 9795 33.49 35.82
BEAV BE Aerospace 0.00 511334 42.23 62.95
ALV Autoliv 0.00 339265 63.09 80.04
DVA DaVita 0.00 385896 81.81 128.14
ABC AmerisourceBergen 0.00 5634 39.05 54.99
CR Crane 0.00 410659 48.00 60.36
AET Aetna 0.00 816541 43.70 60.04
APD Air Products & Chemicals 0.00 28493 88.02 94.33
CPWR Compuware Corporation 0.00 6826963 7.84 11.35
AVT Avnet 0.00 337900 34.87 34.29
AA Alcoa 0.00 4892929 10.16 8.61
AGN Allergan 0.00 738400 87.91 101.41
ALL Allstate Corporation 0.00 1908674 28.85 50.00
MO Altria 0.00 1365447 28.40 37.44
APC Anadarko Petroleum Corporation 0.00 236993 80.72 90.03
BHI Baker Hughes Incorporated 0.00 392036 49.13 47.53
CI CIGNA Corporation 0.00 1011889 44.90 67.90
DTV DIRECTV 0.00 5364 44.93 65.21
BIIB Biogen Idec 0.00 2754 118.01 226.85
DHR Danaher Corporation 0.00 14916 52.49 63.25
DELL Dell 0.00 18723 17.25 13.40
BAYRY Bayer AG 0.00 107650 70.52 108.13
BUD Anheuser-Busch InBev NV 0.00 125000 60.80 96.37
Accenture 0.00 4975 57.29 0.00
ANF Abercrombie & Fitch 0.00 28500 45.93 54.24
CLX Clorox Company 0.00 742819 68.62 87.37
DLTR Dollar Tree 0.00 70000 84.81 49.76
AVB AvalonBay Communities 0.00 60642 136.00 138.69
CSGP CoStar 0.00 206756 56.67 115.57
AOI Alliance One International 0.00 1148198 2.91 3.76
ADS Alliance Data Systems Corporation 0.00 31300 110.80 178.08
Axis Capital Holdings 0.00 1382423 30.72 0.00
CYN City National Corporation 0.00 854985 45.88 62.27
AMZN Amazon 0.00 249227 194.44 269.90
FUN Cedar Fair 0.00 810649 25.90 43.97
Anixter Intl Inc note 1.000% 2/1 0.00 1590000 1.19 0.00
DAL Delta Air Lines 0.00 779773 10.50 18.54
ATML Atmel Corporation 0.00 385000 9.71 7.31
CNX CONSOL Energy 0.00 728241 35.74 33.97
CPTS Conceptus 0.00 478271 12.38 30.92
BRCM Broadcom Corporation 0.00 287232 34.34 37.55
CIG Companhia Energetica Minas Gerais 0.00 112547 20.24 11.00
BC Brunswick Corporation 0.00 12380 21.32 33.77
CBEY Cbeyond 0.00 869257 8.50 8.98
CE Celanese Corporation 0.00 1007984 48.71 49.43
ALR Alere 0.00 74600 24.15 26.30
ABMD ABIOMED 0.00 541005 18.51 23.32
CXDC China XD Plastics 0.00 383700 4.78 3.96
AIRM Air Methods Corporation 0.00 63447 84.31 34.55
ALTR Altera Corporation 0.00 1320851 39.79 34.11
BIO Bio-Rad Laboratories 0.00 124375 101.56 116.02
CHSI Catalyst Health Solutions 0.00 269070 54.76 0.00
Cibc Cad 0.00 746427 76.25 0.00
CNK Cinemark Holdings 0.00 785646 19.72 30.19
Copa Holdings Sa-class A 0.00 110317 68.14 0.00
ITUB Banco Itau Holding Financeira S.A. 0.00 827985 19.96 17.22
ABB ABB 0.00 657000 20.83 22.32
ALGT Allegiant Travel Company 0.00 153192 54.97 95.23
CELG Celgene Corporation 0.00 183382 72.70 124.91
CYMI Cymer 0.00 57122 49.79 110.59
DECK Deckers Outdoor Corporation 0.00 68653 80.86 52.49
DMND Diamond Foods 0.00 48673 36.34 16.70
CHD Church & Dwight 0.00 1324381 45.37 64.13
CHECK POINT SOFTWARE Technolog Com Stk 0.00 61686 56.29 0.00
GTLS Chart Industries 0.00 224891 55.76 92.21
ALB Albemarle Corporation 0.00 307854 64.53 67.34
ARUN Aruba Networks 0.00 146400 22.18 13.10
AZPN Aspen Technology 0.00 404604 18.01 31.15
ACTG Acacia Research Corporation 0.00 204059 41.16 23.62
Cardiome Pharma 0.00 2173064 2.37 0.00
CLWR Clearwire Corporation 0.00 57813 1.94 3.20
BXP Boston Properties 0.00 305288 104.05 112.43
APKT Acme Packet 0.00 271309 29.23 0.00
AWK American Water Works 0.00 311609 33.73 42.67
BLL Ball Corporation 0.00 89000 39.26 45.75
DGI DigitalGlobe 0.00 803717 15.69 28.50
CPT Camden Property Trust 0.00 56600 64.51 74.72
DFT DuPont Fabros Technology 0.00 135000 25.50 26.65
AMRN Amarin Corporation 0.00 1673963 8.16 7.14
CXS Crexus Investment 0.00 393761 11.07 13.04
COR CoreSite Realty 0.00 37200 20.05 35.88
ABH AbitibiBowater 0.00 33722 14.50 0.00
Alere Inc note 3.000% 5/1 0.00 13375000 0.95 0.00
Alstom S.a. 0.00 2400000 3.81 0.00
American Assets Trust Inc reit 0.00 68223 22.13 0.00
D Bta Bank Gdr deprecpt 0.00 32428 3.10 0.00
Citi 0.00 519461 30.72 0.00
Ddr Corp stock 0.00 210800 13.86 0.00
Alkermes 0.00 242767 18.81 0.00
Cubesmart 0.00 66400 11.39 0.00
Delphi Automotive Plc shs 0.00 731208 21.54 0.00