--- --------------------- ----- as of March 31, 2011
Portfolio Holdings for --- --------------------- -----
--- --------------------- ----- holds 202 positions in its portfolio as reported in the March 2011 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| iShares S&P 500 Index (IVV) | 30.3 | $1.4B | 1.1M | 1325.83 | |
| iShares Russell 2000 Index (IWM) | 8.4 | $391M | 4.6M | 84.17 | |
| Microsoft Corporation (MSFT) | 3.5 | $163M | 6.4M | 25.38 | |
| Goodyear Tire & Rubber Company (GT) | 1.8 | $86M | 5.7M | 14.98 | |
| 1.7 | $80M | 137k | 586.47 | ||
| International Business Machines (IBM) | 1.5 | $69M | 422k | 163.07 | |
| SPDR Gold Trust (GLD) | 1.4 | $64M | 456k | 139.83 | |
| Citi | 1.3 | $60M | 14M | 4.42 | |
| Bank of America Corporation (BAC) | 1.3 | $60M | 4.5M | 13.33 | |
| National Grid | 1.2 | $55M | 1.1M | 48.04 | |
| iShares MSCI Japan Index | 1.1 | $54M | 5.2M | 10.31 | |
| Verizon Communications (VZ) | 1.1 | $52M | 1.4M | 38.54 | |
| Marathon Oil Corporation (MRO) | 1.0 | $48M | 897k | 53.31 | |
| National-Oilwell Var | 0.9 | $44M | 561k | 79.27 | |
| Cameron International Corporation | 0.9 | $44M | 776k | 57.10 | |
| Baker Hughes Incorporated | 0.9 | $44M | 594k | 73.43 | |
| TransDigm Group Incorporated (TDG) | 0.9 | $41M | 487k | 83.83 | |
| Hatteras Financial | 0.8 | $40M | 1.8M | 21.45 | |
| Hartford Financial Services (HIG) | 0.8 | $39M | 1.5M | 25.82 | |
| Cooper Tire & Rubber Company | 0.8 | $38M | 1.5M | 25.75 | |
| iShares FTSE/Xinhua China 25 Index (FXI) | 0.8 | $37M | 823k | 44.94 | |
| InterOil Corporation | 0.8 | $37M | 489k | 74.64 | |
| Alpha Natural Resources | 0.8 | $35M | 589k | 59.37 | |
| Solar Cap (SLRC) | 0.7 | $35M | 1.8M | 19.15 | |
| Genworth Financial (GNW) | 0.7 | $33M | 2.4M | 13.46 | |
| MGIC Investment (MTG) | 0.7 | $31M | 3.5M | 8.89 | |
| Owens-Illinois | 0.7 | $31M | 1.0M | 30.19 | |
| Ares Capital Corporation (ARCC) | 0.7 | $31M | 1.8M | 16.92 | |
| Peabody Energy Corporation | 0.6 | $30M | 415k | 71.96 | |
| Annaly Capital Management | 0.6 | $29M | 2.0M | 14.49 | |
| Tenne | 0.6 | $29M | 678k | 42.45 | |
| Anadarko Petroleum Corporation | 0.6 | $27M | 328k | 81.92 | |
| PennantPark Investment (PNNT) | 0.6 | $26M | 2.4M | 10.94 | |
| Occidental Petroleum Corporation (OXY) | 0.5 | $26M | 277k | 91.90 | |
| Ens | 0.5 | $25M | 428k | 57.84 | |
| BE Aerospace | 0.5 | $25M | 696k | 35.53 | |
| Walt Disney Company (DIS) | 0.5 | $24M | 567k | 43.09 | |
| Sensata Technologies Hldg Bv | 0.5 | $24M | 702k | 34.73 | |
| Arrow Electronics (ARW) | 0.5 | $23M | 556k | 41.88 | |
| Suncor Energy (SU) | 0.5 | $23M | 517k | 44.84 | |
| Radian (RDN) | 0.5 | $23M | 3.4M | 6.81 | |
| Gol Linhas Aereas Inteligentes SA | 0.5 | $23M | 1.6M | 13.73 | |
| Arch Coal | 0.5 | $22M | 622k | 36.04 | |
| TRW Automotive Holdings | 0.5 | $23M | 410k | 55.08 | |
| Golar Lng (GLNG) | 0.5 | $22M | 876k | 25.58 | |
| Petrohawk Energy Corporation | 0.5 | $22M | 882k | 24.54 | |
| Capstead Mortgage Corporation | 0.5 | $22M | 1.9M | 11.54 | |
| Apple (AAPL) | 0.4 | $20M | 56k | 348.46 | |
| Canadian Natural Resources (CNQ) | 0.4 | $20M | 414k | 47.86 | |
| Hess (HES) | 0.4 | $19M | 227k | 85.21 | |
| Liberty Media | 0.4 | $19M | 256k | 73.67 | |
| Fidelity National Information Services (FIS) | 0.4 | $18M | 558k | 32.69 | |
| Walter Energy | 0.4 | $18M | 136k | 135.43 | |
| M&T Bank Corporation (MTB) | 0.4 | $18M | 201k | 88.47 | |
| Verisk Analytics (VRSK) | 0.4 | $18M | 538k | 32.76 | |
| CONSOL Energy | 0.4 | $18M | 334k | 53.63 | |
| Xerox Corporation | 0.4 | $17M | 1.6M | 10.44 | |
| Southwestern Energy Company | 0.4 | $17M | 393k | 42.97 | |
| Invesco Mortgage Capital | 0.4 | $17M | 955k | 17.41 | |
| Avnet (AVT) | 0.3 | $16M | 482k | 34.09 | |
| Xl Group | 0.3 | $16M | 658k | 24.60 | |
| Ingram Micro | 0.3 | $16M | 746k | 21.03 | |
| MFA Mortgage Investments | 0.3 | $16M | 1.9M | 8.20 | |
| Owens Corning (OC) | 0.3 | $15M | 425k | 35.99 | |
| Goodrich Corporation | 0.3 | $15M | 203k | 76.06 | |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.3 | $15M | 167k | 91.96 | |
| Brigham Exploration Company | 0.3 | $15M | 397k | 37.18 | |
| MGM Resorts International. (MGM) | 0.3 | $15M | 1.2M | 12.39 | |
| Pmi Group | 0.3 | $15M | 5.4M | 2.70 | |
| Visteon Corporation (VC) | 0.3 | $14M | 229k | 62.49 | |
| Massey Energy Company | 0.3 | $14M | 207k | 68.36 | |
| Whiting Petroleum Corporation | 0.3 | $14M | 183k | 73.45 | |
| Nexen | 0.3 | $14M | 559k | 24.69 | |
| Knight Capital | 0.3 | $13M | 998k | 13.40 | |
| Liberty Media | 0.3 | $13M | 815k | 16.04 | |
| Cisco Systems (CSCO) | 0.3 | $12M | 737k | 16.88 | |
| Oil States International (OIS) | 0.3 | $13M | 165k | 76.14 | |
| Abbott Laboratories (ABT) | 0.3 | $12M | 246k | 49.05 | |
| Core Laboratories | 0.3 | $12M | 121k | 102.17 | |
| Energy Xxi | 0.3 | $12M | 356k | 34.10 | |
| Orient-exp Htls | 0.3 | $12M | 985k | 12.37 | |
| Oil Service HOLDRs | 0.2 | $12M | 70k | 164.36 | |
| Transocean (RIG) | 0.2 | $11M | 143k | 77.95 | |
| Cypress Sharpridge Investments | 0.2 | $11M | 887k | 12.68 | |
| Solar Senior Capital | 0.2 | $11M | 600k | 18.63 | |
| Devon Energy Corporation (DVN) | 0.2 | $11M | 116k | 91.77 | |
| Crown Holdings (CCK) | 0.2 | $10M | 265k | 38.58 | |
| Safeway | 0.2 | $10M | 455k | 22.73 | |
| Chesapeake Energy Corporation | 0.2 | $10M | 319k | 32.67 | |
| Msci (MSCI) | 0.2 | $9.4M | 254k | 36.82 | |
| AMR Corporation | 0.2 | $9.2M | 1.4M | 6.46 | |
| iShares MSCI Hong Kong Index Fund (EWH) | 0.2 | $9.5M | 503k | 18.93 | |
| Valassis Communications | 0.2 | $9.0M | 310k | 29.14 | |
| Fiserv (FI) | 0.2 | $8.7M | 139k | 62.72 | |
| NII Holdings | 0.2 | $9.0M | 216k | 41.67 | |
| Broadcom Corporation | 0.2 | $8.9M | 226k | 39.38 | |
| Newfield Exploration | 0.2 | $8.5M | 112k | 76.01 | |
| Golub Capital BDC (GBDC) | 0.2 | $8.5M | 579k | 14.64 | |
| Chunghwa Telecom Co Ltd - (CHT) | 0.2 | $8.2M | 265k | 31.16 | |
| Hanesbrands (HBI) | 0.2 | $7.9M | 292k | 27.04 | |
| Weatherford International Lt reg | 0.2 | $7.7M | 342k | 22.60 | |
| Medley Capital Corporation | 0.2 | $7.8M | 640k | 12.18 | |
| Cit | 0.1 | $7.2M | 170k | 42.55 | |
| International Paper Company (IP) | 0.1 | $7.1M | 235k | 30.18 | |
| PHH Corporation | 0.1 | $6.7M | 307k | 21.77 | |
| Packaging Corporation of America (PKG) | 0.1 | $6.5M | 259k | 24.93 | |
| CBS Corporation | 0.1 | $6.4M | 255k | 25.04 | |
| Host Hotels & Resorts (HST) | 0.1 | $6.5M | 376k | 17.42 | |
| Thermo Fisher Scientific (TMO) | 0.1 | $6.7M | 121k | 55.55 | |
| Rock-Tenn Company | 0.1 | $6.5M | 94k | 69.35 | |
| Temple-Inland | 0.1 | $6.4M | 275k | 23.40 | |
| DPL | 0.1 | $6.6M | 242k | 27.41 | |
| Ultra Petroleum | 0.1 | $6.0M | 121k | 49.25 | |
| Dynex Capital | 0.1 | $6.3M | 623k | 10.06 | |
| SanDisk Corporation | 0.1 | $6.1M | 132k | 46.09 | |
| Cloud Peak Energy | 0.1 | $6.3M | 292k | 21.59 | |
| American Capital Agency | 0.1 | $6.0M | 207k | 29.14 | |
| Companhia de Bebidas das Americas | 0.1 | $5.7M | 202k | 28.31 | |
| Supervalu | 0.1 | $5.5M | 613k | 8.93 | |
| Seagate Technology Com Stk | 0.1 | $5.7M | 396k | 14.40 | |
| Banco Santander (BSBR) | 0.1 | $5.0M | 405k | 12.26 | |
| Starwood Property Trust (STWD) | 0.1 | $5.0M | 226k | 22.30 | |
| Strategic Hotels & Resorts | 0.1 | $5.2M | 799k | 6.45 | |
| IntercontinentalEx.. | 0.1 | $5.2M | 42k | 123.55 | |
| Apollo Commercial Real Est. Finance (ARI) | 0.1 | $5.4M | 328k | 16.35 | |
| Oneok (OKE) | 0.1 | $5.2M | 78k | 66.88 | |
| CMS Energy Corporation (CMS) | 0.1 | $4.7M | 241k | 19.64 | |
| Northeast Utilities System | 0.1 | $4.7M | 135k | 34.60 | |
| Broadridge Financial Solutions (BR) | 0.1 | $4.6M | 230k | 20.02 | |
| Via | 0.1 | $4.6M | 100k | 46.52 | |
| LKQ Corporation (LKQ) | 0.1 | $4.5M | 188k | 24.10 | |
| ViaSat (VSAT) | 0.1 | $4.5M | 113k | 39.84 | |
| Oracle Corporation (ORCL) | 0.1 | $4.9M | 145k | 33.43 | |
| Banco Itau Holding Financeira (ITUB) | 0.1 | $4.9M | 204k | 24.05 | |
| Liberty Media | 0.1 | $4.3M | 56k | 77.60 | |
| KBR (KBR) | 0.1 | $4.4M | 122k | 36.02 | |
| Western Digital (WDC) | 0.1 | $4.1M | 109k | 37.29 | |
| Oshkosh Corporation (OSK) | 0.1 | $4.0M | 113k | 35.38 | |
| People's United Financial | 0.1 | $3.5M | 282k | 12.58 | |
| Duke Energy Corporation | 0.1 | $3.8M | 209k | 18.15 | |
| Tenet Healthcare Corporation | 0.1 | $3.7M | 493k | 7.45 | |
| LifePoint Hospitals | 0.1 | $3.6M | 89k | 40.19 | |
| Health Management Associates | 0.1 | $3.7M | 341k | 10.90 | |
| Valley National Ban (VLY) | 0.1 | $3.8M | 274k | 13.96 | |
| New York Community Ban | 0.1 | $3.7M | 215k | 17.26 | |
| Key Energy Services | 0.1 | $3.9M | 253k | 15.55 | |
| First Niagara Financial | 0.1 | $3.8M | 283k | 13.58 | |
| Banco Bradesco SA (BBD) | 0.1 | $3.8M | 184k | 20.75 | |
| American International (AIG) | 0.1 | $3.9M | 110k | 35.14 | |
| Tenaris (TS) | 0.1 | $3.2M | 65k | 49.46 | |
| Corning Incorporated (GLW) | 0.1 | $3.1M | 151k | 20.63 | |
| Quiksilver | 0.1 | $3.1M | 698k | 4.42 | |
| PG&E Corporation (PCG) | 0.1 | $3.1M | 71k | 44.17 | |
| Community Health Systems (CYH) | 0.1 | $3.4M | 84k | 39.99 | |
| HEICO Corporation (HEI) | 0.1 | $3.1M | 49k | 62.52 | |
| NV Energy | 0.1 | $3.3M | 223k | 14.89 | |
| Exxon Mobil Corporation (XOM) | 0.1 | $2.7M | 33k | 84.12 | |
| Ascent Media Corporation | 0.1 | $2.7M | 55k | 48.85 | |
| Graphic Packaging Holding Company (GPK) | 0.1 | $2.9M | 528k | 5.42 | |
| Ball Corporation (BALL) | 0.1 | $2.9M | 82k | 35.85 | |
| THL Credit | 0.1 | $3.0M | 221k | 13.66 | |
| Gerdau SA (GGB) | 0.1 | $2.2M | 178k | 12.50 | |
| NYSE Euronext | 0.1 | $2.3M | 65k | 35.17 | |
| Edison International (EIX) | 0.1 | $2.2M | 59k | 36.58 | |
| Madison Square Garden | 0.1 | $2.2M | 81k | 26.99 | |
| Ascena Retail | 0.1 | $2.3M | 70k | 32.41 | |
| Constellation Energy | 0.0 | $1.8M | 59k | 31.13 | |
| American Electric Power Company (AEP) | 0.0 | $2.0M | 57k | 35.14 | |
| Murphy Oil Corporation (MUR) | 0.0 | $1.9M | 26k | 73.41 | |
| SandRidge Energy | 0.0 | $1.8M | 139k | 12.80 | |
| Measurement Specialties | 0.0 | $2.1M | 62k | 34.03 | |
| North Amern Energy Partners | 0.0 | $1.7M | 138k | 12.33 | |
| Willbros | 0.0 | $2.1M | 191k | 10.92 | |
| Babcock & Wilcox | 0.0 | $1.8M | 53k | 33.39 | |
| Market Vectors Brazil Small Cap ETF | 0.0 | $1.7M | 29k | 56.70 | |
| Accuride Corporation | 0.0 | $2.0M | 143k | 13.89 | |
| Chevron Corporation (CVX) | 0.0 | $1.6M | 15k | 107.40 | |
| Cenovus Energy (CVE) | 0.0 | $1.4M | 36k | 39.37 | |
| Halliburton Company (HAL) | 0.0 | $1.4M | 28k | 49.86 | |
| Alliant Energy Corporation (LNT) | 0.0 | $1.3M | 33k | 38.92 | |
| Vail Resorts (MTN) | 0.0 | $1.4M | 29k | 48.77 | |
| Hyatt Hotels Corporation (H) | 0.0 | $1.4M | 33k | 43.03 | |
| Global X China Consumer ETF (CHIQ) | 0.0 | $1.2M | 71k | 17.28 | |
| Potash Corp. Of Saskatchewan I | 0.0 | $754k | 13k | 58.91 | |
| Deere & Company (DE) | 0.0 | $833k | 8.6k | 96.86 | |
| Schlumberger (SLB) | 0.0 | $867k | 9.3k | 93.23 | |
| Entergy Corporation (ETR) | 0.0 | $1.1M | 17k | 67.19 | |
| KapStone Paper and Packaging | 0.0 | $1.1M | 62k | 17.18 | |
| Rosetta Resources | 0.0 | $896k | 19k | 47.53 | |
| Denbury Resources | 0.0 | $895k | 37k | 24.39 | |
| Lincoln National Corporation (LNC) | 0.0 | $456k | 15k | 30.02 | |
| Apache Corporation | 0.0 | $432k | 3.3k | 130.91 | |
| Continental Resources | 0.0 | $536k | 7.5k | 71.47 | |
| FMC Technologies | 0.0 | $680k | 7.2k | 94.44 | |
| PPL Corporation (PPL) | 0.0 | $405k | 16k | 25.31 | |
| Siliconware Precision Industries | 0.0 | $304k | 50k | 6.04 | |
| Advanced Semiconductor Engineering | 0.0 | $277k | 51k | 5.47 | |
| Market Vectors Gold Miners ETF | 0.0 | $419k | 7.0k | 60.11 | |
| American Intl Group | 0.0 | $390k | 35k | 11.12 | |
| Nextera Energy (NEE) | 0.0 | $110k | 2.0k | 55.00 | |
| Kinross Gold Corp (KGC) | 0.0 | $233k | 15k | 15.74 | |
| Immunomedics | 0.0 | $10k | 10k | 1.00 |
