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

Company (Ticker) Portfolio Weight Share Count Price Last Trade
Chevron Corporation (CVX) 0.03 3.93M 103.08 102.86
Chubb Corporation (CB) 0.02 4.91M 67.41 98.78
Apache Corporation (APA) 0.02 2.15M 98.87 60.29
Becton, Dickinson and (BDX) 0.02 2.81M 78.41 142.79
Apple (AAPL) 0.02 501791 456.49 123.28
Colgate-Palmolive Company (CL) 0.02 2.26M 90.72 68.17
ConocoPhillips (COP) 0.02 2.94M 68.20 61.42
Discover Financial Services (DFS) 0.01 5.15M 27.18 58.01
Ameriprise Financial (AMP) 0.01 1.46M 53.55 131.20
Canadian Natl Ry 0.01 1.94M 75.42 0.00
Caterpillar (CAT) 0.01 970946 90.60 79.57
Abbott Laboratories (ABT) 0.01 3.40M 56.23 46.40
Baxter International (BAX) 0.01 2.17M 49.48 67.92
Walt Disney Company (DIS) 0.01 2.55M 38.90 103.60
CBS Corporation (CBS) 0.01 2.90M 28.48 59.57
Ameren Corporation (AEE) 0.01 2.69M 31.64 41.21
Cardinal Health (CAH) 0.01 1.74M 43.03 87.33
3M Company (MMM) 0.01 2.22M 86.71 162.72
AT&T; (T) 0.01 2.24M 30.24 32.70
Cisco Systems (CSCO) 0.01 4.99M 19.62 28.51
Coach (COH) 0.01 2.26M 70.05 40.63
Airgas (ARG) 0.01 1.28M 78.93 114.17
C.R. Bard (BCR) 0.01 1.49M 92.52 166.60
Comerica Incorporated (CMA) 0.01 3.34M 27.67 45.57
Analog Devices (ADI) 0.01 4.94M 35.78 57.76
CVS Caremark Corporation (CVS) 0.01 2.47M 41.75 101.90
Campbell Soup Company (CPB) 0.01 2.14M 31.70 45.09
CenturyLink (CTL) 0.01 2.27M 37.03 35.12
Arrow Electronics (ARW) 0.01 1.87M 41.29 60.53
Amgen (AMGN) 0.01 1.93M 67.91 153.92
Deere & Company (DE) 0.01 1.70M 77.35 90.31
Canon (CAJ) 0.01 2.76M 42.84 32.87
Applied Materials (AMAT) 0.01 5.97M 12.29 23.76
BorgWarner (BWA) 0.01 1.22M 74.63 58.93
Covidien 0.01 2.00M 51.50 0.00
E TRADE Financial Corporation (ETFC) 0.00 1.06M 8.19 27.90
CIT (CIT) 0.00 1.56M 38.14 44.41
Comcast Corporation (CMCSA) 0.00 2.49M 26.59 58.60
Crown Holdings (CCK) 0.00 9700 36.08 50.20
7 DAYS GROUP HOLDINGS (SVN) 0.00 100000 14.70 0.00
Biomarin Pharmaceutical Inc note 1.875% 4/2 0.00 8.53M 1.85 0.00
Banco Santander (BSBR) 0.00 275600 9.12 4.35
Vale (VALE) 0.00 148600 25.30 6.09
CMS Energy Corporation (CMS) 0.00 2.15M 21.83 32.93
ANSYS (ANSS) 0.00 68800 60.49 85.06
Annaly Capital Management (NLY) 0.00 2.12M 16.84 10.36
CME (CME) 0.00 66733 239.63 95.64
American Express Company (AXP) 0.00 1.31M 50.14 79.39
Ace Limited Cmn 0.00 729360 69.60 0.00
Aon Corporation (AON) 0.00 707257 48.43 96.00
Bank of America Corporation (BAC) 0.00 101088 7.13 15.95
DST Systems (DST) 0.00 1.15M 48.78 105.19
CapitalSource (CSE) 0.00 623954 6.91 15.50
Berkshire Hathaway (BRK.B) 0.00 19706 78.35 0.00
Cabot Oil & Gas Corporation (COG) 0.00 275693 31.90 27.30
Coca-Cola Company (KO) 0.00 933834 67.53 40.22
Costco Wholesale Corporation (COST) 0.00 4980 82.33 148.30
CSX Corporation (CSX) 0.00 2.17M 22.55 33.62
Devon Energy Corporation (DVN) 0.00 881446 63.81 57.71
Crocs (CROX) 0.00 261222 19.02 11.25
Auxilium Pharmaceuticals (AUXL) 0.00 189800 19.87 36.47
AGL Resources (AGL) 0.00 426932 41.50 0.00
Consolidated Edison (ED) 0.00 906055 62.06 59.90
Dominion Resources (D) 0.00 6565 50.11 69.17
Duke Energy Corporation (DUK) 0.00 583318 21.36 74.47
Bristol Myers Squibb (BMY) 0.00 2.04M 32.24 66.08
Carter's (CRI) 0.00 171772 41.92 88.77
Citrix Systems (CTXS) 0.00 229569 65.21 59.63
Cooper Industries 0.00 199885 59.12 0.00
Copart (CPRT) 0.00 137045 47.04 36.58
Cummins (CMI) 0.00 269724 104.00 137.75
Adobe Systems Incorporated (ADBE) 0.00 2.12M 28.27 76.64
AFLAC Incorporated (AFL) 0.00 1.26M 48.23 61.39
Boeing Company (BA) 0.00 167585 74.18 152.38
Dow Chemical Company (DOW) 0.00 9795 33.49 47.09
BE Aerospace (BEAV) 0.00 511334 42.23 61.12
Autoliv (ALV) 0.00 339265 63.09 111.66
DaVita (DVA) 0.00 385896 81.81 78.60
AmerisourceBergen (ABC) 0.00 5634 39.05 103.61
Crane (CR) 0.00 410659 48.00 63.91
Aetna (AET) 0.00 816541 43.70 100.76
Air Products & Chemicals (APD) 0.00 28493 88.02 152.20
Compuware Corporation (CPWR) 0.00 6.83M 7.84 10.35
Avnet (AVT) 0.00 337900 34.87 45.00
Alcoa (AA) 0.00 4.89M 10.16 10.26
Allergan (AGN) 0.00 738400 87.91 234.98
Allstate Corporation (ALL) 0.00 1.91M 28.85 68.72
Altria (MO) 0.00 1.37M 28.40 52.47
Anadarko Petroleum Corporation (APC) 0.00 236993 80.72 79.89
Baker Hughes Incorporated (BHI) 0.00 392036 49.13 59.73
CIGNA Corporation (CI) 0.00 1.01M 44.90 120.83
DIRECTV (DTV) 0.00 5364 44.93 86.19
Biogen Idec (BIIB) 0.00 2754 118.01 415.20
Danaher Corporation (DHR) 0.00 14916 52.49 84.59
Dell (DELL) 0.00 18723 17.25 0.00
Bayer AG (BAYRY) 0.00 107650 70.52 148.34
Anheuser-Busch InBev NV (BUD) 0.00 125000 60.80 120.72
Accenture 0.00 4975 57.29 0.00
Abercrombie & Fitch (ANF) 0.00 28500 45.93 21.19
Clorox Company (CLX) 0.00 742819 68.62 107.06
Dollar Tree (DLTR) 0.00 70000 84.81 80.00
AvalonBay Communities (AVB) 0.00 60642 136.00 167.28
CoStar (CSGP) 0.00 206756 56.67 190.13
Alliance One International (AOI) 0.00 1.15M 2.91 0.90
Alliance Data Systems Corporation (ADS) 0.00 31300 110.80 275.30
Axis Capital Holdings 0.00 1.38M 30.72 0.00
City National Corporation (CYN) 0.00 854985 45.88 88.49
Amazon (AMZN) 0.00 249227 194.44 372.62
Cedar Fair (FUN) 0.00 810649 25.90 53.78
Anixter Intl Inc note 1.000% 2/1 0.00 1.59M 1.19 0.00
Delta Air Lines (DAL) 0.00 779773 10.50 44.19
Atmel Corporation (ATML) 0.00 385000 9.71 8.60
CONSOL Energy (CNX) 0.00 728241 35.74 27.80
Conceptus (CPTS) 0.00 478271 12.38 0.00
Broadcom Corporation (BRCM) 0.00 287232 34.34 44.13
Companhia Energetica Minas Gerais (CIG) 0.00 112547 20.24 3.77
Brunswick Corporation (BC) 0.00 12380 21.32 52.20
Cbeyond (CBEY) 0.00 869257 8.50 9.99
Celanese Corporation (CE) 0.00 1.01M 48.71 56.85
Alere (ALR) 0.00 74600 24.15 47.27
ABIOMED (ABMD) 0.00 541005 18.51 58.77
China XD Plastics (CXDC) 0.00 383700 4.78 4.13
Air Methods Corporation (AIRM) 0.00 63447 84.31 50.09
Altera Corporation (ALTR) 0.00 1.32M 39.79 35.31
Bio-Rad Laboratories (BIO) 0.00 124375 101.56 133.91
Catalyst Health Solutions (CHSI) 0.00 269070 54.76 0.00
Cibc Cad 0.00 746427 76.25 0.00
Cinemark Holdings (CNK) 0.00 785646 19.72 40.54
Copa Holdings Sa-class A 0.00 110317 68.14 0.00
Banco Itau Holding Financeira S.A. (ITUB) 0.00 827985 19.96 10.68
ABB (ABB) 0.00 657000 20.83 20.21
Allegiant Travel Company (ALGT) 0.00 153192 54.97 190.33
Celgene Corporation (CELG) 0.00 183382 72.70 118.26
Cymer (CYMI) 0.00 57122 49.79 0.00
Deckers Outdoor Corporation (DECK) 0.00 68653 80.86 72.60
Diamond Foods (DMND) 0.00 48673 36.34 29.50
Church & Dwight (CHD) 0.00 1.32M 45.37 83.20
CHECK POINT SOFTWARE Technolog Com Stk 0.00 61686 56.29 0.00
Chart Industries (GTLS) 0.00 224891 55.76 33.81
Albemarle Corporation (ALB) 0.00 307854 64.53 54.36
Aruba Networks (ARUN) 0.00 146400 22.18 24.49
Aspen Technology (AZPN) 0.00 404604 18.01 36.69
Acacia Research Corporation (ACTG) 0.00 204059 41.16 11.01
Cardiome Pharma 0.00 2.17M 2.37 0.00
Clearwire Corporation (CLWR) 0.00 57813 1.94 0.00
Boston Properties (BXP) 0.00 305288 104.05 135.21
Acme Packet (APKT) 0.00 271309 29.23 0.00
American Water Works (AWK) 0.00 311609 33.73 52.46
Ball Corporation (BLL) 0.00 89000 39.26 69.72
DigitalGlobe (DGI) 0.00 803717 15.69 34.83
Camden Property Trust (CPT) 0.00 56600 64.51 74.92
DuPont Fabros Technology (DFT) 0.00 135000 25.50 31.04
Amarin Corporation (AMRN) 0.00 1.67M 8.16 1.94
Crexus Investment (CXS) 0.00 393761 11.07 0.00
CoreSite Realty (COR) 0.00 37200 20.05 46.36
AbitibiBowater (ABH) 0.00 33722 14.50 0.00
Alere Inc note 3.000% 5/1 0.00 13.38M 0.95 0.00
Alstom S.a. 0.00 2.40M 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