Independent Portfolio Consultants

Independent Portfolio Consultants as of March 31, 2012

Portfolio Holdings for Independent Portfolio Consultants

Independent Portfolio Consultants holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

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PORTVUE-SEC13F.LNP                            INDEPENDENT PORTFOLIO CONSULTANTS, INC.                                      PAGE 1
RUN DATE: 04/25/12  8:49 A.M.
                                                     FORM 13F INFORMATION TABLE
                                                        AS OF DATE: 03/31/12

                                                            VALUE   SHARES/ SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
  NAME OF ISSUER               TITLE OF CLASS    CUSIP    (x$1000)  PRN AMT PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

ABBOTT LABORATORIES ILLINOIS   COM              002824100      755    12321 SH       SOLE                    12321        0        0
ACCENTURE PLC                  COM              G1151C101      348     5390 SH       SOLE                     5390        0        0
ACTIVISION BLIZZARD,INC        COM              00507V109      287    22418 SH       SOLE                    22418        0        0
ACTUANT CORP CL A NEW          COM              00508X203      408    14070 SH       SOLE                    14070        0        0
ACUITY BRANDS INC COM          COM              00508Y102      211     3365 SH       SOLE                     3365        0        0
ADVANCED AUTO PTS INC COM      COM              00751Y106      260     2935 SH       SOLE                     2935        0        0
AFFILIATED MANAGERS GROUP INCO COM              008252108      299     2675 SH       SOLE                     2675        0        0
AGREE REALTY CORP COM          COM              008492100      256    11355 SH       SOLE                    11355        0        0
AGRIUM INC COM                 COM              008916108      435     5040 SH       SOLE                     5040        0        0
AKAMAI TECHNOLOGIES INC COM    COM              00971T101      454    12360 SH       SOLE                    12360        0        0
ALASKA AIRGROUP                COM              011659109      220     6130 SH       SOLE                     6130        0        0
ALEXANDRIA REAL ESTATE EQUITIE COM              015271109      284     3878 SH       SOLE                     3878        0        0
ALEXION PHARMACEUTICALS INC CO COM              015351109      626     6737 SH       SOLE                     6737        0        0
ALLIANCE DATA SYS CORP COM     COM              018581108      637     5055 SH       SOLE                     5055        0        0
ALLIANT CORP COM               COM              018802108      261     6030 SH       SOLE                     6030        0        0
ALLIANZ AKTIENGESELLSCHAFT ADR COM              018805101      662    55560 SH       SOLE                    55560        0        0
ALLIED WORLD ASSURANCE COMPANY COM              H01531104      277     4037 SH       SOLE                     4037        0        0
ALLSCRIPT MISYS HEALTCARE SOL  COM              01988P108      524    31580 SH       SOLE                    31580        0        0
ALLSTATE CORP                  COM              020002101      747    22685 SH       SOLE                    22685        0        0
AMDOCS LTD ORD                 COM              G02602103      311     9860 SH       SOLE                     9860        0        0
AMERICA MOVIL S A B DE C V ADR COM              02364W105      390    15700 SH       SOLE                    15700        0        0
AMERICAN CAMPUS CMNTYS INC COM COM              024835100      251     5619 SH       SOLE                     5619        0        0
AMERICAN CAPITAL LTD.          COM              02503Y103      183    21115 SH       SOLE                    21115        0        0
AMERICAN EAGLE OUTFITTERS INCO COM              02553E106     1178    68545 SH       SOLE                    68545        0        0
AMERICAN FINL GROUP INC COM    COM              025932104      352     9124 SH       SOLE                     9124        0        0
AMERIGROUP CORP COM            COM              03073T102      224     3330 SH       SOLE                     3330        0        0
AMERIPRISE FINL INC COM        COM              03076C106      409     7157 SH       SOLE                     7157        0        0
AMERISOURCEBERGEN CORP COM     COM              03073E105     1133    28576 SH       SOLE                    28576        0        0
AMETEK INC NEW COM             COM              031100100      495    10203 SH       SOLE                    10203        0        0
ANGLO AMERN PLC ADR NEW        COM              03485P201      443    23745 SH       SOLE                    23745        0        0
ANN INC COM                    COM              035623107      207     7235 SH       SOLE                     7235        0        0
APARTMENT INVT & MGMT CO CL A  COM              03748R101      356    13470 SH       SOLE                    13470        0        0
ARQULE INC COM                 COM              04269E107      235    33470 SH       SOLE                    33470        0        0
ASHFORD HOSPITALITY TR INC COM COM              044103109      338    37525 SH       SOLE                    37525        0        0
ASSOCIATED BANC CORP COM       COM              045487105      371    26545 SH       SOLE                    26545        0        0
ASSOCIATED ESTATES RLTY CORP   COM              045604105      306    18745 SH       SOLE                    18745        0        0
ASTRAZENECA PLC ADR SPONSORED  COM              046353108      367     8253 SH       SOLE                     8253        0        0
ATMEL CORP COM                 COM              049513104      110    11180 SH       SOLE                    11180        0        0
ATMI INC COM                   COM              00207R101      665    28540 SH       SOLE                    28540        0        0
ATMOS ENERGY CORP COM          COM              049560105      241     7665 SH       SOLE                     7665        0        0
B & G FOODS INC NEW COM        COM              05508R106      237    10540 SH       SOLE                    10540        0        0
BAIDU COM INC SPON ADR REP A   COM              056752108      294     2015 SH       SOLE                     2015        0        0
BALLY TECHNOLOGIES INC COM     COM              05874B107      247     5290 SH       SOLE                     5290        0        0
BANCO BRADESCO S A SP ADR      COM              059460303      383    21870 SH       SOLE                    21870        0        0
BANCO SANTANDER CENTRAL HISPAN COM              05964H105      513    66910 SH       SOLE                    66910        0        0
BARCLAYS PLC ADR               COM              06738E204      642    42392 SH       SOLE                    42392        0        0
BASF AG SPONSORED ADR          COM              055262505      724     8291 SH       SOLE                     8291        0        0
BAXTER INTERNATIONAL INC       COM              071813109      727    12160 SH       SOLE                    12160        0        0
BB^T CORP COM                  COM              054937107      720    22930 SH       SOLE                    22930        0        0
BERKLEY W R CORP COM           COM              084423102      752    20830 SH       SOLE                    20830        0        0
BG PLC ADR FNL INSTLLM         COM              055434203      678    29310 SH       SOLE                    29310        0        0