GlobalBridge

GlobalBridge as of March 31, 2012

Portfolio Holdings for GlobalBridge

GlobalBridge holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
AAPL      037833100     APPLE INC                                                5869     3519   Common      Sole           5869
ABB       000375204     ABB LTD                                                 17873      365   Common      Sole          17873
ABT       002824100     ABBOTT LABS COM                                         45360     2780   Common      Sole          45360
ABV       20441W203     COMPANIA DE BEBIDAS                                     14916      616   Common      Sole          14916
ACN       G1151C101     ACCENTURE LTD                                            9701      626   Common      Sole           9701
ADBE      00724F101     ADOBE SYSTEMS INC  (DE)                                  6198      213   Common      Sole           6198
ADI       032654105     ANALOG DEVICES INC.                                     34200     1382   Common      Sole          34200
ADP       053015103     AUTOMATIC DATA PROCES                                   15286      844   Common      Sole          15286
AFL       001055102     AFLAC INC.                                               5796      267   Common      Sole           5796
AGCO      001084102     AGCO CORPORATION                                        11362      536   Common      Sole          11362
AGN       018490102     ALLERGAN INC.                                            3312      316   Common      Sole           3312
AKAM      00971T101     AKAMAI TECH INC.                                         9631      353   Common      Sole           9631
ALB       012653101     ALBEMARLE CORPORATION                                    8739      559   Common      Sole           8739
ALV       052800109     AUTOLIV INC                                              4143      278   Common      Sole           4143
AMG       008252108     AFFILIATED MANAGERS G                                    3500      391   Common      Sole           3500
AMT       03027X100     AMERICAN TOWER CORP.                                     4617      291   Common      Sole           4617
AN        05329W102     AUTONATION INC.                                          7444      255   Common      Sole           7444
ANSS      03662Q105     ANSYS INCORPORATED                                  4691.0002      305   Common      Sole      4691.0002
ANZBY     052528304     AUSTRALIAN BKG GRP ADR                                  12263      299   Common      Sole          12263
APA       037411105     APACHE CORPORATION                                       2215      222   Common      Sole           2215
APH       032095101     AMPHENOL CORP                                            7085      423   Common      Sole           7085
ATW       050095108     ATWOOD OCEANICS INC.                                    12096      543   Common      Sole          12096
AVY       053611109     AVERY DENNISON CORP.                                    14833      447   Common      Sole          14833
AXP       025816109     AMERICAN EXPRESS COMP                                   32928     1905   Common      Sole          32928
BA        097023105     BOEING COMPANY                                           7181      534   Common      Sole           7181
BAX       071813109     BAXTER INTERNATIONAL                                    10568      632   Common      Sole          10568
BBBY      075896100     BED BATH & BEYOND                                        3551      234   Common      Sole           3551
BBT       054937107     BB^T CORP.                                              20947      658   Common      Sole          20947
BCO       109696104     THE BRINKS COMPANY                                      13979      334   Common      Sole          13979
BDX       075887109     BECTON DICKINSON                                        10545      819   Common      Sole          10545
BGC       369300108     GEN CABLE CP                                            13580      395   Common      Sole          13580
BHE       08160H101     BENCHMARK ELECTRS INC COM                               10286      170   Common      Sole          10286
BHP       088606108     BHP BILLITON LIMITED                                     3284      238   Common      Sole           3284
BIDU      056752108     BAIDU, INC. - ADS                                        1674      244   Common      Sole           1674
BIG       089302103     BIG LOTS INC                                             6443      277   Common      Sole           6443
BLC       080555105     BELO CORP                                               19085      137   Common      Sole          19085
BLK       09247X101     BLACKROCK INC.                                           1247      256   Common      Sole           1247
BMY       110122108     BRISTOL-MYERS SQUIBB                                    37134     1253   Common      Sole          37134
BPO       112900105     BROOKFIELD PROPERTIES                                   55929      971   Common      Sole          55929
BRGYY     055434203     BG GROUP PLC ADR                                        15540      360   Common      Sole          15540
BRLI      09057G602     BIO-REFERENCE LABOROTORIES, INC.                         8846      208   Common      Sole           8846
BSX       101137107     BOSTON SCIENTIFIC COR                                   52202      312   Common      Sole          52202
BTI       110448107     BRITISH AMER TOBACCO PLC                                 5862      593   Common      Sole           5862
BWA       099724106     BORG WARNER INC                                          3329      281   Common      Sole           3329
BZC       106764103     BREEZE EASTERN                                          17480      147   Common      Sole          17480
C         172967424     CITIGROUP INC                                            8962      328   Common      Sole           8962
CAB       126804301     CABELAS INC                                              7640      291   Common      Sole           7640
CAH       14149Y108     CARDINAL HEALTH INC.                                    24313     1048   Common      Sole          24313

                                                                Page 1<br /><br />Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
CAT       149123101     CATERPILLAR INC                                         22140     2358   Common      Sole          22140
CB        171232101     CHUBB CORP                                              15736     1088   Common      Sole          15736
CBI       167250109     CHICAGO BRIDGE & IRON                                   20175      871   Common      Sole          20175
CBS       124857202     CBS CORP. (New) CLASS B                                  6776      230   Common      Sole           6776
CCC       129603106     CALGON CARBON CORP                                      18382      287   Common      Sole          18382
CELG      151020104     CELGENE CORP.                                           13142     1019   Common      Sole          13142
CEO       126132109     CNOOC LTD                                                1994      407   Common      Sole           1994
CFN       14170T101     CAREFUSION CORP                                         15421      400   Common      Sole          15421
CFR       229899109     CULLEN/FROST BANKERS                                    16645      969   Common      Sole          16645
CIM       16934Q109     CHIMERA INVESTMENT CORP                                 49535      140   Common      Sole          49535
CIT       125581801     CIT GROUP INC.                                          12529      517   Common      Sole          12529
CIU       464288638     ISHARES BARCLAYS INT                                     1940      211   Common      Sole           1940
CL        194162103     COLGATE-PALMOLIVE CO                                     9055      885   Common      Sole           9055
CLB       N22717107     CORE LABORATORIES                                        4439      584   Common      Sole           4439
CMCSA     20030N101     COMCAST CORP. CL.A                                       6919      208   Common      Sole           6919
CMI       231021106     CUMMINS INC                                              2359      283   Common      Sole           2359
CNC       15135B101     CENTENE CORP                                             5843      286   Common      Sole           5843
CNI       136375102     CANADIAN NATIONAL RAILWAY COMPANY                        5154      409   Common      Sole           5154
CNQ       136385101     CANADIAN NAT RES                                        16595      549   Common      Sole          16595
COF       14040H105     CAPITAL ONE FINANCIAL                                   11378      634   Common      Sole          11378
COH       189754104     COACH INC                                               10180      787   Common      Sole          10180
COLM      198516106     COLUMBIA SPORTSWEAR C                                    5521      262   Common      Sole           5521
COP       20825C104     CONOCOPHILLIPS                                          30235     2298   Common      Sole          30235
COST      22160K105     COSTCO WHOLESALE CORP.                                   6591      598   Common      Sole           6591
CPA       P31076105     COPA HOLDINGS S.A.                                       3314      262   Common      Sole           3314
CRI       146229109     CARTERS INC                                             15879      790   Common      Sole          15879
CRM       79466L302     SALESFORCE.COM INC                                       2404      371   Common      Sole           2404
CSC       205363104     COMPUTER SCIENCES COR                                   16009      479   Common      Sole          16009
CSCO      17275R102     CISCO SYSTEMS INC.                                      50298     1064   Common      Sole          50298
CSTR      19259P300     COINSTAR INC.                                            4710      299   Common      Sole           4710
CSX       126408103     CSX CORPORATION                                         14937      321   Common      Sole          14937
CTSH      192446102     COGNIZANT TECHNOLOGY SOLUTIONS CORP.                     6106      470   Common      Sole           6106
CTXS      177376100     CITRIX SYSTEMS INC.                                      4763      376   Common      Sole           4763
CVA       22282E102     COVANTA HOLDING CORPORATION                             22629      367   Common      Sole          22629
CVD       222816100     COVANCE INC.                                             5846      278   Common      Sole           5846
CVE       15135U109     CENOVUS ENERGY INC                                      11758      422   Common      Sole          11758
CVS       126650100     CVS CAREMARK CORP.                                      21504      963   Common      Sole          21504
CVX       166764100     CHEVRONTEXACO CORP                                      27348     2932   Common      Sole          27348
CYTK      23282W100     CYTOKINETICS, INCORPORATED                              17051       20   Common      Sole          17051
D         25746U109     DOMINION RESOURCES                                       7726      396   Common      Sole           7726
DAR       237266101     DARLING INTERNATIONAL INC                               27026      471   Common      Sole          27026
DBSDY     23304Y100     DBS GROUP HLDGS LTD SPONSORED ADR                        7936      357   Common      Sole           7936
DD        263534109     E.I. DUPONT DE NEMOUR                                   49297     2608   Common      Sole          49297
DE        244199105     DEERE & COMPANY                                          9995      809   Common      Sole           9995
DEO       25243Q205     DIAGEO PLC ADS                                           5214      503   Common      Sole           5214
DFS       254709108     DISCOVER FINL SVCS                                      11723      391   Common      Sole          11723
DHR       235851102     DANAHER CORP DE                                         16952      949   Common      Sole          16952
DIS       254687106     WALT DISNEY COMPANY                                      5714      250   Common      Sole           5714
DNR       247916208     DENBURY RESOURCES INC                                   22359      408   Common      Sole          22359

                                                                Page 2<br /><br />Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
DOV       260003108     DOVER CORPORATION                                        5466      344   Common      Sole           5466
DOW       260543103     DOW CHEMICAL COMPANY                                    25111      870   Common      Sole          25111
DRRX      266605104     DURECT CORP                                             35260       28   Common      Sole          35260
DTV       25490A101     DIRECTV COM CL A                                        11553      570   Common      Sole          11553
DVA       23918K108     DAVITA INC                                               4470      403   Common      Sole           4470
ECA       292505104     ENCANA CORP                                             32090      629   Common      Sole          32090
ECL       278865100     ECOLAB INC                                              10567      652   Common      Sole          10567
EEFT      298736109     EURONET WORLDWIDE INC                                   12547      262   Common      Sole          12547
EL        518439104     ESTEE LAUDER CL A                                        6196      384   Common      Sole           6196
EMC       268648102     EMC CORPORATION                                         35332     1056   Common      Sole          35332
EMR       291011104     EMERSON ELECTRIC CO.                                    31659     1652   Common      Sole          31659
ENDP      29264F205     ENDO PHARMACEUTICALS HOLDINGS INC                        8588      333   Common      Sole           8588
ENH       G30397106     ENDURANCE SPLTY HLD                                      5328      217   Common      Sole           5328
ES        292756202     ENERGYSOLUTIONS, INC.                                   10314       51   Common      Sole          10314
ESCA      296056104     ESCALADE INC                                            13981       83   Common      Sole          13981
ESRX      30219G108     EXPRESS SCRIPTS INC                                     17332      939   Common      Sole          17332
ESV       29358Q109     ENSCO INTERNATIONAL                                      8934      473   Common      Sole           8934
EV        278265103     EATON VANCE CORP.                                       20118      575   Common      Sole          20118
F         345370860     FORD MOTOR COMPANY                                      50370      628   Common      Sole          50370
FCX       35671D857     FREEPORT MC CL B                                        18249      694   Common      Sole          18249
FLR       343412102     FLUOR CORP INC                                           7104      427   Common      Sole           7104
FMS       358029106     FRESENIUS MED CAR AG                                     5580      394   Common      Sole           5580
FOSL      349882100     FOSSIL INC.                                              2530      334   Common      Sole           2530
FRX       345838106     FOREST LABORATORIES INC                                  6518      226   Common      Sole           6518
FTI       30249U101     FMC TECHNOLOGIES INC                                    11052      557   Common      Sole          11052
FWRD      349853101     FORWARD AIR CORP                                         8156      299   Common      Sole           8156
G         G3922B107     GENPACT                                                 12581      205   Common      Sole          12581
GCI       364730101     GANNETT CO. INC.                                        17859      274   Common      Sole          17859
GE        369604103     GENERAL ELECTRIC CO                                    125033     2509   Common      Sole         125033
GILD      375558103     GILEAD SCIENCES INC.                                     8166      399   Common      Sole           8166
GM        37045V100     GENERAL MOTORS CORP.                                     9427      242   Common      Sole           9427
GOOG      38259P508     GOOGLE INC CL A                                          3477     2230   Common      Sole           3477
GPC       372460105     GENUINE PARTS COMPANY                                   15154      951   Common      Sole          15154
GPN       37940X102     GLOBAL PAYMENTS                                         11699      556   Common      Sole          11699
GRMN      H2906T109     GARMIN LTD                                              12193      572   Common      Sole          12193
GTLS      16115Q308     CHART INDUSTRIES, INC.                                  12104      888   Common      Sole          12104
HBHC      410120109     HANCOCK HOLDING COMPANY                                 19591      696   Common      Sole          19591
HCC       404132102     HCC INSURANCE HOLDING                                   22767      710   Common      Sole          22767
HD        437076102     HOME DEPOT INC.                                         34363     1729   Common      Sole          34363
HIT       433578507     HITACHI LTD.                                             7324      474   Common      Sole           7324
HL        422704106     HECLA MINING COMPANY                                    20482       95   Common      Sole          20482
HLDCY     425166303     HENDERSON LAND DEV C                                    16689       91   Common      Sole          16689
HLF       G4412G101     HERBALIFE LTD.                                           3589      247   Common      Sole           3589
HLIT      413160102     HARMONIC INC                                            28224      154   Common      Sole          28224
HNZ       423074103     H.J. HEINZ COMPANY                                       3760      201   Common      Sole           3760
HOG       412822108     HARLEY DAVIDSON (NEW)                                   19949      979   Common      Sole          19949
HON       438516106     HONEYWELL INTL INC                                       3700      226   Common      Sole           3700
HPQ       428236103     HEWLETT-PACKARD COMPA                                   23720      565   Common      Sole          23720
HRB       093671105     H^R BLOCK INC.                                          19750      325   Common      Sole          19750

                                                                Page 3<br /><br />Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
HRS       413875105     HARRIS CORPORATION                                      16890      761   Common      Sole          16890
HSP       441060100     HOSPIRA INC W/I                                          5726      214   Common      Sole           5726
HST       44107P104     HOST HOTELS & RESORTS                                   33850      556   Common      Sole          33850
HUN       447011107     HUNTSMAN CORPORATION                                    45985      644   Common      Sole          45985
HUWHY     448415208     HUTCHISON WHAMPOA LIMITED                               13442      268   Common      Sole          13442
HXL       428291108     HEXCEL CORPORATION                                      20316      488   Common      Sole          20316
IBM       459200101     IBM CORP                                                 9866     2059   Common      Sole           9866
IDXX      45168D104     IDEXX LABORATORIES INC.                                  3475      304   Common      Sole           3475
IEX       45167R104     IDEX CORPORATION                                        10424      439   Common      Sole          10424
INTC      458140100     INTEL CORPORATION                                       66035     1857   Common      Sole          66035
IPG       460690100     INTERPUBLIC GROUP                                       20534      234   Common      Sole          20534
IPSU      453096208     IMPERIAL SUGAR                                          10426       49   Common      Sole          10426
ISRG      46120E602     INTUITIVE SURGICAL, INC.                                  854      463   Common      Sole            854
ITRI      465741106     ITRON INC.                                               8774      398   Common      Sole           8774
JAH       471109108     JARDEN CORP                                              5081      204   Common      Sole           5081
JBL       466313103     JABIL CIRCUIT INC.                                      12861      323   Common      Sole          12861
JEC       469814107     JACOBS ENGINEERING GR                                   13225      587   Common      Sole          13225
JOSB      480838101     JOS. A. BANK CLOTHIER                                    4695      237   Common      Sole           4695
JPM       46625H100     J P MORGAN CHASE                                        48933     2250   Common      Sole          48933
JRCC      470355207     JAMES RIVER COAL CO.                                    15799       81   Common      Sole          15799
KEG       492914106     KEY ENERGY SERVICES INC                                 43893      678   Common      Sole          43893
KEY       493267108     KEYCORP                                                 20162      171   Common      Sole          20162
KFT       50075N104     KRAFT FOODS INC                                          5761      219   Common      Sole           5761
KMB       494368103     KIMBERLY-CLARK CORP.                                    14165     1047   Common      Sole          14165
KMR       49455U100     KINDER MORGAN                                       9951.9054      743   Common      Sole      9951.9054
KO        191216100     COCA-COLA COMPANY                                       38590     2856   Common      Sole          38590
KOP       50060P106     KOPPERS HOLDINGS INC                                     7330      283   Common      Sole           7330
KR        501044101     KROGER COMPANY                                          50325     1219   Common      Sole          50325
LFUGY     501897102     LI & FUNG UNSP/ADR                                      21287       97   Common      Sole          21287
LLNW      53261M104     LIMELIGHT NETWORKS, INC.                                13006       43   Common      Sole          13006
LMT       539830109     LOCKHEED MARTIN CORP.                                    2687      241   Common      Sole           2687
LNN       535555106     LINDSAY CORP.                                            4512      299   Common      Sole           4512
LUV       844741108     SOUTHWEST AIRLINES CO                                   31111      256   Common      Sole          31111
LVMUY     502441306     LVMH MOET HENNESSY LOUIS VUITTON                        13558      465   Common      Sole          13558
LXK       529771107     LEXMARK INT GP CL A                                      6511      216   Common      Sole           6511
MA        57636Q104     MASTERCARD INC                                           3222     1355   Common      Sole           3222
MAS       574599106     MASCO CORPORATION                                       50360      673   Common      Sole          50360
MAT       577081102     MATTEL INC.                                             22134      745   Common      Sole          22134
MBB       464288588     ISHARES LEHMAN MBS FIXED-RATE BOND FUND                  2418      261   Common      Sole           2418
MBI       55262C100     MBIA INCORPORATED                                       12928      127   Common      Sole          12928
MCD       580135101     MCDONALDS CORPORATIO                                    30282     2971   Common      Sole          30282
MCK       58155Q103     MCKESSON CORP                                            6623      581   Common      Sole           6623
MCRL      594793101     MICREL INC.                                             11837      121   Common      Sole          11837
MCY       589400100     MERCURY GENERAL CORP.                                   23691     1036   Common      Sole          23691
MDRX      01988P108     ALLSCRIPTS MISYS HEALTHCARE SOL                         16734      278   Common      Sole          16734
MENT      587200106     MENTOR GRAPHICS CORPORATION                             10267      153   Common      Sole          10267
MET       59156R108     METLIFE INC.                                             8227      307   Common      Sole           8227
MFG       60687Y109     MIZUHO FINANCIAL GROUP                                  25935       84   Common      Sole          25935
MHP       580645109     MCGRAW-HILL COMPANIES                                   16690      809   Common      Sole          16690

                                                                Page 4<br /><br />Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
MIDD      596278101     MIDDLEBY CORPORATION                                     2798      283   Common      Sole           2798
MJN       582839106     MEAD JOHNSON NUTRITI                                     5271      435   Common      Sole           5271
MMM       88579Y101     3M COMPANY                                               2499      223   Common      Sole           2499
MMSI      589889104     MERIT MEDICAL SYSTEMS                                   15753      196   Common      Sole          15753
MOLX      608554101     MOLEX INC                                                8861      249   Common      Sole           8861
MON       61166W101     MONSANTO CO                                              4406      351   Common      Sole           4406
MRK       58933Y105     MERCK & CO. INC.                                        16255      624   Common      Sole          16255
MRO       565849106     MARATHON OIL CORP                                       20935      664   Common      Sole          20935
MSFT      594918104     MICROSOFT CORPORATION                                  115143     3714   Common      Sole         115143
MTB       55261F104     M^T BANK CORP.                                          17922     1557   Common      Sole          17922
MXIM      57772K101     MAXIM INTEGRATED PROD                                   27251      779   Common      Sole          27251
NATI      636518102     NATIONAL INSTRUMENTS                                    10433      298   Common      Sole          10433
NAVG      638904102     NAVIGATORS GROUP, INC.                                   4913      232   Common      Sole           4913
NDSN      655663102     NORDSON CORPORATION                                      3992      218   Common      Sole           3992
NEU       651587107     NEWMARKET CORP                                           1195      224   Common      Sole           1195
NGG       636274300     NATIONAL GRID PLC                                        9884      499   Common      Sole           9884
NLY       035710409     ANNALY CAPITAL MANAGEMENT, INC                          14996      237   Common      Sole          14996
NSANY     654744408     NISSAN MOTOR CO.                                        17550      377   Common      Sole          17550
NSR       64126X201     NEUSTAR INC                                             19001      708   Common      Sole          19001
NSRGY     641069406     NESTLE S.A. ADR SPON                                     5012      316   Common      Sole           5012
NTAP      64110D104     NETAPP INC COMMON STOCK                                  8001      358   Common      Sole           8001
NUAN      67020Y100     NUANCE COMMUNICATIONS, INC.                              8130      208   Common      Sole           8130
NUE       670346105     NUCOR CORPORATION                                       28064     1205   Common      Sole          28064
NUS       67018T105     NU SKIN ENTERPRISES                                      4050      235   Common      Sole           4050
NVAX      670002104     NOVAVAX INC.                                            13178       17   Common      Sole          13178
NVO       670100205     NOVO-NORDISK A/S                                         4241      588   Common      Sole           4241
NVS       66987V109     NOVARTIS AG                                              7533      417   Common      Sole           7533
NWSA      65248E104     NEWS CORP CLASS A                                       11646      230   Common      Sole          11646
NYB       649445103     NEW YORK CMNTY BANCORP                                  33669      468   Common      Sole          33669
NYT       650111107     NEW YORK TIMES CL A                                     28944      197   Common      Sole          28944
NYX       629491101     NYSE EURONEXT                                           30974      930   Common      Sole          30974
ODFL      679580100     OLD DOMINION FREIGHT LINE INC.                           4460      213   Common      Sole           4460
OGE       670837103     OGE ENERGY CORP.                                         7759      415   Common      Sole           7759
OXY       674599105     OCCIDENTAL PETROLEUM                                    11816     1125   Common      Sole          11816
PAYX      704326107     PAYCHEX INC.                                            22094      685   Common      Sole          22094
PBH       74112D101     PRESTIGE BRANDS HLDGS INC.                              12235      214   Common      Sole          12235
PCLN      741503403     PRICELINE.COM                                             284      204   Common      Sole            284
PCP       740189105     PRECISION CASTPARTS C                                    1316      228   Common      Sole           1316
PEP       713448108     PEPSICO INC.                                            13104      869   Common      Sole          13104
PFE       717081103     PFIZER INC.                                             74790     1694   Common      Sole          74790
PG        742718109     PROCTER & GAMBLE CO.                                     9955      669   Common      Sole           9955
PH        701094104     PARKER-HANNIFIN CORP.                                    2708      229   Common      Sole           2708
PII       731068102     POLARIS INDUSTRIES IN                                    4085      295   Common      Sole           4085
PKG       695156109     PACKAGE CP AMER                                         20304      601   Common      Sole          20304
PLD       74340W103     PROLOGIS                                                16087      579   Common      Sole          16087
PLL       696429307     PALL CP                                                 11347      677   Common      Sole          11347
PM        718172109     PHILIP MORRIS INTL                                       4284      380   Common      Sole           4284
PNC       693475105     PNC FINANCIAL SERVICES                                  19609     1265   Common      Sole          19609
PNSN      709600100     PENSON WORLDWIDE, INC.                                  31985       22   Common      Sole          31985

                                                                Page 5<br /><br />Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
POT       73755L107     POTASH CP SASKATCHEW                                     7536      343   Common      Sole           7536
PRAA      73640Q105     PORTFOLIO REC ASSN INC.                                  2855      205   Common      Sole           2855
PRE       G6852T105     PARTNERRE LTD.                                          16610     1128   Common      Sole          16610
PRXL      699462107     PAREXEL INTERNATIONAL                                    8687      234   Common      Sole           8687
PSMT      741511109     PRICESMART INC.                                          3456      252   Common      Sole           3456
PVH       693656100     PHILLIPS VAN HEUSEN                                      5601      500   Common      Sole           5601
PX        74005P104     PRAXAIR INC.                                             5609      643   Common      Sole           5609
PXD       723787107     PIONEER NATURAL RESOU                                    6094      680   Common      Sole           6094
QCOM      747525103     QUALCOMM INC.                                           25963     1767   Common      Sole          25963
RCI       775109200     ROGERS COMMUNICATIONS CL B                              11684      463   Common      Sole          11684
RDS/B     780259107     ROYAL DUTCH SHELL PLC B                                 12888      910   Common      Sole          12888
RGC       758766109     REGAL ENTERTAINMENT GROUP CL A                          40981      557   Common      Sole          40981
RIG       H8817H100     TRANSOCEAN INC NEW SHS                                  14158      774   Common      Sole          14158
ROP       776696106     ROPER INDUSTRIES INC                                     7508      744   Common      Sole           7508
ROST      778296103     ROSS STORES INC.                                        24179     1405   Common      Sole          24179
RS        759509102     RELIANCE STEEL & ALUM                                   12137      685   Common      Sole          12137
SAFM      800013104     SANDERSON FARMS                                          5920      314   Common      Sole           5920
SAP       803054204     SAP AKTIENGE                                             4530      316   Common      Sole           4530
SBH       79546E104     SALLY BEAUTY HLDG                                       13839      343   Common      Sole          13839
SBUX      855244109     STARBUCKS CORPORATION                                   24494     1369   Common      Sole          24494
SCHW      808513105     CHARLES SCHWAB CORP NEW                                 32929      473   Common      Sole          32929
SCI       817565104     SERVICE CP INTL                                         13948      157   Common      Sole          13948
SDRL      G7945E105     SEADRILL LIMITED                                         8366      313   Common      Sole           8366
SE        847560109     SPECTRA ENERGY                                          38703     1221   Common      Sole          38703
SEIC      784117103     SEI INVESTMENTS COMPA                                   19798      410   Common      Sole          19798
SFD       832248108     SMITHFIELD FOODS INC                                    12614      278   Common      Sole          12614
SFL       G81075106     SHIP FINC INTL                                          11652      178   Common      Sole          11652
SIAL      826552101     SIGMA-ALDRICH                                            6297      460   Common      Sole           6297
SKH       83066R107     SKILLED HEALTHCARE INC                                  10706       82   Common      Sole          10706
SLB       806857108     SCHLUMBERGER LTD.                                       20060     1403   Common      Sole          20060
SMTC      816850101     SEMTECH CORPORATION                                     11104      316   Common      Sole          11104
SNDK      80004C101     SANDISK CORPORATION                                      5250      260   Common      Sole           5250
SOA       834376501     SOLUTIA INC                                             17049      476   Common      Sole          17049
SONS      835916107     SONUS NETWORKS INC                                      13344       39   Common      Sole          13344
SQM       833635105     SOCIEDAD DE CHILE SC                                     3969      233   Common      Sole           3969
SRCL      858912108     STERICYCLE INC.                                          5255      440   Common      Sole           5255
STKL      8676EP108     SUNOPTA INC.                                            13146       72   Common      Sole          13146
SUN       86764P109     SUNOCO INC.                                             17659      674   Common      Sole          17659
SYNA      87157D109     SYNAPTICS INCORPORATED                                   8344      305   Common      Sole           8344
SYT       87160A100     SYNGENTA AG ADS                                          5872      404   Common      Sole           5872
TAP       60871R209     MOLSON COORS BREWING CO.                                 6018      272   Common      Sole           6018
TAT       G89982105     TRANSATLANTIC PETROLEUM LTD                             47140       61   Common      Sole          47140
TD        891160509     TORONTO DOMINION BANK                                   12707     1079   Common      Sole          12707
TEL       H84989104     TYCO ELECTRONICS                                        38262     1406   Common      Sole          38262
TEVA      881624209     TEVA PHARMACEUTICAL I                                   19855      895   Common      Sole          19855
TFX       879369106     TELEFLEX INC.                                           19483     1191   Common      Sole          19483
THC       88033G100     TENET HEALTHCARE CORP WI                                19003      101   Common      Sole          19003
THO       885160101     THOR INDUSTRIES INC                                      7501      237   Common      Sole           7501
THOR      885175307     THORATEC CORP                                            5935      200   Common      Sole           5935

                                                                Page 6<br /><br />Quarter Ended 3/31/2012
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                                                                                       Market                           Voting
 Ticker      Cusip                           Security                        Shares    Value      Class   Discretion  Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}           {C}                                                 {C}           {C}    {C}         {C}       {C}
TJX       872540109     TJX COMPANIES INC.                                      25411     1009   Common      Sole          25411
TMO       883556102     THERMO FISHER SCIENTIFIC                                 4213      238   Common      Sole           4213
TRI       884903105     THOMSON REUTERS CORP                                    12583      363   Common      Sole          12583
TRN       896522109     TRINITY INDUSTRIES I                                    17556      578   Common      Sole          17556
TSCO      892356106     TRACTOR SUPPLY COMPAN                                    2258      204   Common      Sole           2258
TTC       891092108     TORO COMPANY                                             4522      322   Common      Sole           4522
TTMI      87305R109     TTM TECHNOLOGIES                                        18260      210   Common      Sole          18260
TUP       899896104     TUPPERWARE CORPORATIO                                   12801      813   Common      Sole          12801
TWX       887317303     TIME WARNER                                             12305      465   Common      Sole          12305
TYC       H89128104     TYCO INTERNATIONAL LTD (NEW)                            14439      811   Common      Sole          14439
UL        904767704     UNILEVER PLC ADR                                         9471      313   Common      Sole           9471
UNFI      911163103     UNITED NATURAL FOODS INC                                 6341      296   Common      Sole           6341
UNH       91324P102     UNITEDHEALTH GROUP IN                                    4597      271   Common      Sole           4597
UNP       907818108     UNION PACIFIC CORP.                                     10140     1090   Common      Sole          10140
UOVEY     911271302     UNITED OVERSEAS BANK                                     9799      285   Common      Sole           9799
UPS       911312106     UNITED PARCEL SRVC B                                    24024     1939   Common      Sole          24024
URS       903236107     URS CORPORATION                                          9183      390   Common      Sole           9183
USB       902973304     U.S. BANCORP                                            52616     1667   Common      Sole          52616
UTX       913017109     UNITED TECHNOLOGIES                                     14742     1223   Common      Sole          14742
VAL       920355104     VALSPAR CORPORATION                                      4542      219   Common      Sole           4542
VAR       92220P105     VARIAN MEDICAL SYS INC                                   2964      204   Common      Sole           2964
VIAB      92553P201     VIACOM INC CL B - NEW                                   11040      524   Common      Sole          11040
VLO       91913Y100     VALERO ENERGY CORP.                                     11611      299   Common      Sole          11611
VMW       928563402     VMWARE, INC.                                             2700      303   Common      Sole           2700
VOD       92857W209     VODAFONE GROUP PLC ADR NEW                              16956      469   Common      Sole          16956
VRX       91911K102     VALEANT PHARMACEUTICALS INTL (NEW)                      12608      675   Common      Sole          12608
VZ        92343V104     VERIZON COMMUNICATION                                   32277     1234   Common      Sole          32277
WAB       929740108     WABTEC                                                   6778      511   Common      Sole           6778
WBK       961214301     WESTPAC BANKING CORP.                                    2549      290   Common      Sole           2549
WDC       958102105     WESTERN DIGITAL CORP.                                    5965      247   Common      Sole           5965
WDR       930059100     WADDELL & REED FIN INC                                  19530      633   Common      Sole          19530
WFM       966837106     WHOLE FOODS MARKET I                                     5455      454   Common      Sole           5455
WFT       H27013103     WEATHERFORD INTL INC BER                                28193      425   Common      Sole          28193
WM        94106L109     WASTE MATERIALS                                         25533      893   Common      Sole          25533
WMT       931142103     WAL-MART STORES INC.                                    16466     1008   Common      Sole          16466
WSM       969904101     WILLIAMS-SONOMA INC.                                     6896      258   Common      Sole           6896
WU        959802109     WESTERN UNION CO                                        30731      541   Common      Sole          30731
WY        962166104     WEYERHAEUSER CO                                         83301     1826   Common      Sole          83301
WYNN      983134107     WYNN RESORTS, LIMITED                                    5230      653   Common      Sole           5230
XIDE      302051206     EXIDE TECHNOLOGIES                                      14296       45   Common      Sole          14296
XOM       30231G102     EXXON MOBIL CORPORATI                                   21545     1869   Common      Sole          21545
YUM       988498101     YUM! BRANDS INC                                         10224      728   Common      Sole          10224
ZQK       74838C106     QUIKSILVER CORP                                         12833       52   Common      Sole          12833
                                                                                        201955

                                                                Page 7