--- --------------------- ---------------------- as of June 30, 2011
Portfolio Holdings for --- --------------------- ----------------------
--- --------------------- ---------------------- holds 184 positions in its portfolio as reported in the June 2011 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| iShares S&P 500 Index (IVV) | 18.0 | $643M | 487k | 1320.64 | |
| iShares MSCI Japan Index | 6.2 | $221M | 2.7M | 82.80 | |
| Microsoft Corporation (MSFT) | 5.2 | $184M | 7.1M | 26.00 | |
| Goodyear Tire & Rubber Company (GT) | 2.8 | $101M | 6.0M | 16.77 | |
| National-Oilwell Var | 2.0 | $74M | 940k | 78.21 | |
| Baker Hughes Incorporated | 1.9 | $68M | 937k | 72.56 | |
| National Grid | 1.9 | $67M | 1.3M | 49.43 | |
| Citigroup (C) | 1.9 | $67M | 1.6M | 41.64 | |
| Apple (AAPL) | 1.8 | $63M | 186k | 335.67 | |
| Bank of America Corporation (BAC) | 1.7 | $60M | 5.5M | 10.96 | |
| TransDigm Group Incorporated (TDG) | 1.7 | $60M | 652k | 91.19 | |
| Owens-Illinois | 1.3 | $48M | 1.8M | 25.81 | |
| Hatteras Financial | 1.3 | $48M | 1.7M | 28.23 | |
| Ens | 1.2 | $43M | 808k | 53.30 | |
| Solar Cap (SLRC) | 1.2 | $42M | 1.7M | 24.69 | |
| Golar Lng (GLNG) | 1.0 | $36M | 1.0M | 34.89 | |
| International Business Machines (IBM) | 0.9 | $33M | 190k | 171.55 | |
| US Airways | 0.9 | $33M | 3.7M | 8.91 | |
| Helmerich & Payne (HP) | 0.9 | $32M | 482k | 66.12 | |
| Annaly Capital Management | 0.9 | $32M | 1.8M | 18.04 | |
| Time Warner | 0.9 | $31M | 859k | 36.37 | |
| Liberty Media | 0.9 | $31M | 1.8M | 16.77 | |
| Hldgs (UAL) | 0.9 | $31M | 1.4M | 22.63 | |
| Halliburton Company (HAL) | 0.8 | $30M | 597k | 51.00 | |
| 0.8 | $30M | 60k | 506.38 | ||
| Ares Capital Corporation (ARCC) | 0.8 | $30M | 1.9M | 16.07 | |
| Sensata Technologies Hldg Bv | 0.8 | $27M | 723k | 37.65 | |
| Marathon Oil Corporation (MRO) | 0.8 | $27M | 512k | 52.68 | |
| Capstead Mortgage Corporation | 0.8 | $27M | 2.0M | 13.40 | |
| PennantPark Investment (PNNT) | 0.7 | $25M | 2.2M | 11.21 | |
| TRW Automotive Holdings | 0.7 | $25M | 414k | 59.03 | |
| Arrow Electronics (ARW) | 0.7 | $24M | 566k | 41.50 | |
| Hartford Financial Services (HIG) | 0.7 | $23M | 878k | 26.37 | |
| Dresser-Rand | 0.7 | $23M | 434k | 53.75 | |
| MGM Resorts International. (MGM) | 0.7 | $23M | 1.8M | 13.21 | |
| Anadarko Petroleum Corporation | 0.6 | $23M | 297k | 76.76 | |
| Tenne | 0.6 | $23M | 522k | 44.07 | |
| Oneok (OKE) | 0.6 | $23M | 305k | 74.01 | |
| Visteon Corporation (VC) | 0.6 | $22M | 326k | 68.41 | |
| Liberty Media | 0.6 | $22M | 253k | 85.75 | |
| Invesco Mortgage Capital | 0.6 | $22M | 1.0M | 21.13 | |
| Sina Corporation | 0.6 | $21M | 206k | 104.10 | |
| Petrohawk Energy Corporation | 0.6 | $21M | 862k | 24.67 | |
| Tidewater | 0.6 | $21M | 380k | 53.81 | |
| Sanofi-Aventis SA (SNY) | 0.6 | $20M | 506k | 40.17 | |
| American Capital Agency | 0.6 | $21M | 706k | 29.11 | |
| Via | 0.6 | $20M | 393k | 51.00 | |
| CBS Corporation | 0.6 | $20M | 692k | 28.49 | |
| Xerox Corporation | 0.5 | $20M | 1.9M | 10.41 | |
| Verisk Analytics (VRSK) | 0.5 | $19M | 559k | 34.62 | |
| Orient-exp Htls | 0.5 | $19M | 1.8M | 10.75 | |
| InterOil Corporation | 0.5 | $19M | 319k | 58.51 | |
| Royal Dutch Shell | 0.5 | $18M | 249k | 71.13 | |
| Delta Air Lines (DAL) | 0.5 | $18M | 1.9M | 9.17 | |
| Te Connectivity Ltd for | 0.5 | $18M | 490k | 36.76 | |
| Nabors Industries | 0.5 | $18M | 719k | 24.64 | |
| Goodrich Corporation | 0.5 | $17M | 181k | 95.50 | |
| Baidu (BIDU) | 0.5 | $17M | 119k | 140.13 | |
| Cooper Tire & Rubber Company | 0.5 | $17M | 847k | 19.79 | |
| Nike (NKE) | 0.5 | $16M | 180k | 89.98 | |
| Avnet (AVT) | 0.4 | $16M | 492k | 31.88 | |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.4 | $15M | 167k | 91.31 | |
| Northeast Utilities System | 0.4 | $15M | 431k | 35.17 | |
| Complete Production Services | 0.4 | $15M | 453k | 33.36 | |
| Cypress Sharpridge Investments | 0.4 | $15M | 1.1M | 12.81 | |
| iShares FTSE/Xinhua China 25 Index (FXI) | 0.4 | $14M | 333k | 42.95 | |
| Sohu | 0.4 | $14M | 197k | 72.27 | |
| Dominion Resources (D) | 0.4 | $14M | 287k | 48.27 | |
| Ingram Micro | 0.4 | $14M | 767k | 18.14 | |
| DTE Energy Company (DTE) | 0.4 | $14M | 280k | 50.02 | |
| El Paso Corporation | 0.4 | $13M | 660k | 20.20 | |
| Cenovus Energy (CVE) | 0.4 | $13M | 350k | 37.66 | |
| CenterPoint Energy (CNP) | 0.4 | $13M | 685k | 19.35 | |
| Canadian Natural Resources (CNQ) | 0.3 | $13M | 298k | 41.86 | |
| Occidental Petroleum Corporation (OXY) | 0.3 | $12M | 117k | 104.04 | |
| Fidelity National Information Services (FIS) | 0.3 | $12M | 385k | 30.79 | |
| Oil States International (OIS) | 0.3 | $12M | 148k | 79.91 | |
| Hess (HES) | 0.3 | $12M | 155k | 74.76 | |
| Abbott Laboratories (ABT) | 0.3 | $11M | 211k | 52.62 | |
| MFA Mortgage Investments | 0.3 | $11M | 1.4M | 8.04 | |
| Basic Energy Services | 0.3 | $11M | 348k | 31.47 | |
| Solar Senior Capital | 0.3 | $11M | 616k | 17.95 | |
| NiSource (NI) | 0.3 | $11M | 536k | 20.25 | |
| Silgan Holdings (SLGN) | 0.3 | $11M | 262k | 40.97 | |
| Brigham Exploration Company | 0.3 | $10M | 345k | 29.93 | |
| Focus Media Holding | 0.3 | $9.9M | 318k | 31.10 | |
| MGIC Investment (MTG) | 0.3 | $9.7M | 1.6M | 5.95 | |
| Valassis Communications | 0.3 | $9.8M | 322k | 30.30 | |
| Hanesbrands (HBI) | 0.3 | $9.4M | 330k | 28.55 | |
| PPL Corporation (PPL) | 0.3 | $9.1M | 329k | 27.83 | |
| Chunghwa Telecom Co Ltd - (CHT) | 0.3 | $9.1M | 265k | 34.55 | |
| Tenaris (TS) | 0.2 | $8.8M | 193k | 45.73 | |
| Golub Capital BDC (GBDC) | 0.2 | $8.8M | 590k | 14.93 | |
| ViaSat (VSAT) | 0.2 | $8.4M | 194k | 43.27 | |
| Key Energy Services | 0.2 | $8.3M | 462k | 18.00 | |
| Exxon Mobil Corporation (XOM) | 0.2 | $7.7M | 95k | 81.38 | |
| Thermo Fisher Scientific (TMO) | 0.2 | $8.0M | 124k | 64.39 | |
| AMR Corporation | 0.2 | $7.9M | 1.5M | 5.40 | |
| Medley Capital Corporation | 0.2 | $7.7M | 659k | 11.74 | |
| CMS Energy Corporation (CMS) | 0.2 | $7.4M | 377k | 19.69 | |
| Newfield Exploration | 0.2 | $7.6M | 112k | 68.02 | |
| Cameron International Corporation | 0.2 | $7.6M | 150k | 50.29 | |
| Golar Lng Partners Lp unit | 0.2 | $7.7M | 269k | 28.50 | |
| SanDisk Corporation | 0.2 | $7.1M | 172k | 41.50 | |
| Liberty Media | 0.2 | $6.8M | 91k | 75.24 | |
| Companhia de Bebidas das Americas | 0.2 | $6.8M | 202k | 33.73 | |
| Owens Corning (OC) | 0.2 | $6.9M | 186k | 37.35 | |
| Starwood Property Trust (STWD) | 0.2 | $6.9M | 337k | 20.51 | |
| AFLAC Incorporated (AFL) | 0.2 | $6.9M | 148k | 46.68 | |
| Boeing Company (BA) | 0.2 | $6.7M | 91k | 73.93 | |
| Edison International (EIX) | 0.2 | $6.8M | 175k | 38.75 | |
| PHH Corporation | 0.2 | $6.6M | 322k | 20.52 | |
| Dynex Capital | 0.2 | $6.6M | 682k | 9.68 | |
| Patterson-UTI Energy (PTEN) | 0.2 | $6.6M | 209k | 31.61 | |
| Broadridge Financial Solutions (BR) | 0.2 | $6.1M | 254k | 24.07 | |
| Supervalu | 0.2 | $6.0M | 641k | 9.41 | |
| Gap (GAP) | 0.2 | $5.9M | 327k | 18.10 | |
| Strategic Hotels & Resorts | 0.2 | $5.9M | 840k | 7.08 | |
| Knight Capital | 0.2 | $6.2M | 561k | 11.02 | |
| Apollo Commercial Real Est. Finance (ARI) | 0.2 | $5.6M | 347k | 16.12 | |
| Prudential Financial (PRU) | 0.1 | $5.4M | 85k | 63.59 | |
| Suncor Energy (SU) | 0.1 | $5.2M | 134k | 39.10 | |
| LKQ Corporation (LKQ) | 0.1 | $5.2M | 198k | 26.09 | |
| Banco Santander (BSBR) | 0.1 | $4.7M | 405k | 11.71 | |
| Graphic Packaging Holding Company (GPK) | 0.1 | $4.3M | 789k | 5.44 | |
| Goodyear Tire Rubr Pfd 5.875% p | 0.1 | $4.4M | 80k | 55.61 | |
| People's United Financial | 0.1 | $3.8M | 282k | 13.44 | |
| Duke Energy Corporation | 0.1 | $3.9M | 209k | 18.83 | |
| Dell | 0.1 | $3.8M | 231k | 16.67 | |
| Valley National Ban (VLY) | 0.1 | $3.9M | 288k | 13.61 | |
| BHP Billiton (BHP) | 0.1 | $3.7M | 39k | 94.63 | |
| First Niagara Financial | 0.1 | $3.7M | 283k | 13.20 | |
| NV Energy | 0.1 | $3.4M | 223k | 15.35 | |
| Goodyear Tire & Rubber Company (GT) | 0.1 | $3.1M | 187k | 16.77 | |
| Energy Xxi | 0.1 | $3.2M | 96k | 33.23 | |
| New York Community Ban | 0.1 | $3.2M | 215k | 14.99 | |
| SPDR Gold Trust (GLD) | 0.1 | $3.4M | 23k | 146.00 | |
| Radian (RDN) | 0.1 | $3.1M | 736k | 4.23 | |
| Home Inns & Hotels Management | 0.1 | $3.3M | 88k | 38.04 | |
| PG&E Corporation (PCG) | 0.1 | $3.0M | 71k | 42.03 | |
| Msci (MSCI) | 0.1 | $2.8M | 75k | 37.68 | |
| Ascent Media Corporation | 0.1 | $3.0M | 57k | 52.96 | |
| NetEase (NTES) | 0.1 | $2.9M | 65k | 45.09 | |
| Rowan Companies | 0.1 | $3.0M | 78k | 38.81 | |
| THL Credit | 0.1 | $3.0M | 233k | 13.00 | |
| Taiwan Semiconductor Mfg (TSM) | 0.1 | $2.5M | 201k | 12.61 | |
| Schlumberger (SLB) | 0.1 | $2.5M | 29k | 86.40 | |
| Pantry | 0.1 | $2.6M | 140k | 18.79 | |
| Constellation Energy | 0.1 | $2.2M | 59k | 37.97 | |
| Host Hotels & Resorts (HST) | 0.1 | $2.3M | 137k | 16.95 | |
| LifePoint Hospitals | 0.1 | $2.1M | 53k | 39.08 | |
| Health Management Associates | 0.1 | $2.2M | 203k | 10.78 | |
| American Electric Power Company (AEP) | 0.1 | $2.1M | 57k | 37.68 | |
| Global X China Consumer ETF (CHIQ) | 0.1 | $2.3M | 124k | 18.36 | |
| Gerdau SA (GGB) | 0.1 | $1.9M | 178k | 10.52 | |
| Tenet Healthcare Corporation | 0.1 | $1.8M | 293k | 6.24 | |
| KT Corporation (KT) | 0.1 | $1.9M | 97k | 19.44 | |
| Rosetta Resources | 0.1 | $1.9M | 37k | 51.53 | |
| Pennantpark Floating Rate Capi (PFLT) | 0.1 | $1.9M | 150k | 12.69 | |
| Alliant Energy Corporation (LNT) | 0.0 | $1.3M | 33k | 40.66 | |
| Denbury Resources | 0.0 | $1.4M | 68k | 20.00 | |
| PowerShares DB US Dollar Index Bullish | 0.0 | $1.5M | 69k | 21.22 | |
| Babcock & Wilcox | 0.0 | $1.5M | 53k | 27.72 | |
| State Street Corporation (STT) | 0.0 | $1.2M | 26k | 45.08 | |
| Chevron Corporation (CVX) | 0.0 | $1.2M | 12k | 102.81 | |
| Apache Corporation | 0.0 | $999k | 8.1k | 123.33 | |
| Continental Resources | 0.0 | $974k | 15k | 64.93 | |
| SandRidge Energy | 0.0 | $1.1M | 99k | 10.66 | |
| Entergy Corporation (ETR) | 0.0 | $1.1M | 17k | 68.26 | |
| Hornbeck Offshore Services | 0.0 | $1.1M | 41k | 27.49 | |
| Devon Energy Corporation (DVN) | 0.0 | $662k | 8.4k | 78.81 | |
| FMC Technologies | 0.0 | $645k | 14k | 44.79 | |
| Potash Corp. Of Saskatchewan I | 0.0 | $729k | 13k | 56.95 | |
| Deere & Company (DE) | 0.0 | $709k | 8.6k | 82.44 | |
| Murphy Oil Corporation (MUR) | 0.0 | $729k | 11k | 65.68 | |
| Southwestern Energy Company | 0.0 | $853k | 20k | 42.86 | |
| Qihoo 360 Technologies Co Lt | 0.0 | $773k | 40k | 19.42 | |
| Spdr S&p 500 Etf (SPY) | 0.0 | $251k | 1.9k | 132.11 | |
| Shinhan Financial (SHG) | 0.0 | $278k | 2.9k | 95.86 | |
| Chesapeake Energy Corporation | 0.0 | $347k | 12k | 29.66 | |
| New Oriental Education & Tech | 0.0 | $246k | 2.2k | 111.87 | |
| Kinross Gold Corp (KGC) | 0.0 | $234k | 15k | 15.81 | |
| Market Vectors Gold Miners ETF | 0.0 | $381k | 7.0k | 54.65 | |
| Market Vectors Junior Gold Miners ETF | 0.0 | $386k | 11k | 34.46 |