----------------------------------------------------------------------------- as of Dec. 31, 2011
Portfolio Holdings for -----------------------------------------------------------------------------
----------------------------------------------------------------------------- holds 165 positions in its portfolio as reported in the December 2011 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | 0.0 | $406M | 3.9M | 103.08 | |
| Chubb Corporation | 0.0 | $331M | 4.9M | 67.41 | |
| Apache Corporation | 0.0 | $212M | 2.1M | 98.87 | |
| Becton, Dickinson and (BDX) | 0.0 | $220M | 2.8M | 78.41 | |
| Apple (AAPL) | 0.0 | $229M | 502k | 456.49 | |
| Colgate-Palmolive Company (CL) | 0.0 | $205M | 2.3M | 90.72 | |
| ConocoPhillips (COP) | 0.0 | $201M | 2.9M | 68.20 | |
| Discover Financial Services (DFS) | 0.0 | $140M | 5.2M | 27.18 | |
| Ameriprise Financial (AMP) | 0.0 | $78M | 1.5M | 53.55 | |
| Canadian Natl Ry (CNI) | 0.0 | $146M | 1.9M | 75.42 | |
| Caterpillar (CAT) | 0.0 | $88M | 971k | 90.60 | |
| Abbott Laboratories (ABT) | 0.0 | $191M | 3.4M | 56.23 | |
| Baxter International (BAX) | 0.0 | $107M | 2.2M | 49.48 | |
| Walt Disney Company (DIS) | 0.0 | $99M | 2.5M | 38.90 | |
| CBS Corporation | 0.0 | $83M | 2.9M | 28.48 | |
| Ameren Corporation (AEE) | 0.0 | $85M | 2.7M | 31.64 | |
| Cardinal Health (CAH) | 0.0 | $75M | 1.7M | 43.03 | |
| 3M Company (MMM) | 0.0 | $192M | 2.2M | 86.71 | |
| At&t (T) | 0.0 | $68M | 2.2M | 30.24 | |
| Cisco Systems (CSCO) | 0.0 | $98M | 5.0M | 19.62 | |
| Coach | 0.0 | $158M | 2.3M | 70.05 | |
| Airgas | 0.0 | $101M | 1.3M | 78.93 | |
| C.R. Bard | 0.0 | $138M | 1.5M | 92.52 | |
| Comerica Incorporated (CMA) | 0.0 | $93M | 3.3M | 27.67 | |
| Analog Devices (ADI) | 0.0 | $177M | 4.9M | 35.78 | |
| CVS Caremark Corporation (CVS) | 0.0 | $103M | 2.5M | 41.75 | |
| Campbell Soup Company (CPB) | 0.0 | $68M | 2.1M | 31.70 | |
| CenturyLink | 0.0 | $84M | 2.3M | 37.03 | |
| Arrow Electronics (ARW) | 0.0 | $77M | 1.9M | 41.29 | |
| Amgen (AMGN) | 0.0 | $131M | 1.9M | 67.91 | |
| Deere & Company (DE) | 0.0 | $132M | 1.7M | 77.35 | |
| Canon (CAJPY) | 0.0 | $118M | 2.8M | 42.84 | |
| Applied Materials (AMAT) | 0.0 | $73M | 6.0M | 12.29 | |
| BorgWarner (BWA) | 0.0 | $91M | 1.2M | 74.63 | |
| Covidien | 0.0 | $103M | 2.0M | 51.50 | |
| E TRADE Financial Corporation | 0.0 | $8.7M | 1.1M | 8.19 | |
| Cit | 0.0 | $59M | 1.6M | 38.14 | |
| Comcast Corporation (CMCSA) | 0.0 | $66M | 2.5M | 26.59 | |
| Crown Holdings (CCK) | 0.0 | $350k | 9.7k | 36.08 | |
| 7 Days Group Holdings | 0.0 | $1.5M | 100k | 14.70 | |
| Biomarin Pharmaceutical Inc note 1.875% 4/2 | 0.0 | $16M | 8.5M | 1.85 | |
| Banco Santander (BSBR) | 0.0 | $2.5M | 276k | 9.12 | |
| Vale (VALE) | 0.0 | $3.8M | 149k | 25.30 | |
| CMS Energy Corporation (CMS) | 0.0 | $47M | 2.1M | 21.83 | |
| Ansys (ANSS) | 0.0 | $4.2M | 69k | 60.49 | |
| Annaly Capital Management | 0.0 | $36M | 2.1M | 16.84 | |
| Cme (CME) | 0.0 | $16M | 67k | 239.63 | |
| American Express Company (AXP) | 0.0 | $66M | 1.3M | 50.14 | |
| Ace Limited Cmn | 0.0 | $51M | 729k | 69.60 | |
| Aon Corporation | 0.0 | $34M | 707k | 48.43 | |
| Bank of America Corporation (BAC) | 0.0 | $721k | 101k | 7.13 | |
| DST Systems | 0.0 | $56M | 1.2M | 48.78 | |
| CapitalSource | 0.0 | $4.3M | 624k | 6.91 | |
| Berkshire Hathaway (BRK.B) | 0.0 | $1.5M | 20k | 78.35 | |
| Cabot Oil & Gas Corporation (CTRA) | 0.0 | $8.8M | 276k | 31.90 | |
| Coca-Cola Company (KO) | 0.0 | $63M | 934k | 67.53 | |
| Costco Wholesale Corporation (COST) | 0.0 | $410k | 5.0k | 82.33 | |
| CSX Corporation (CSX) | 0.0 | $49M | 2.2M | 22.55 | |
| Devon Energy Corporation (DVN) | 0.0 | $56M | 881k | 63.81 | |
| Crocs (CROX) | 0.0 | $5.0M | 261k | 19.02 | |
| Auxilium Pharmaceuticals | 0.0 | $3.8M | 190k | 19.87 | |
| AGL Resources | 0.0 | $18M | 427k | 41.50 | |
| Consolidated Edison (ED) | 0.0 | $56M | 906k | 62.06 | |
| Dominion Resources (D) | 0.0 | $329k | 6.6k | 50.11 | |
| Duke Energy Corporation | 0.0 | $13M | 583k | 21.36 | |
| Bristol Myers Squibb (BMY) | 0.0 | $66M | 2.0M | 32.24 | |
| Carter's (CRI) | 0.0 | $7.2M | 172k | 41.92 | |
| Citrix Systems | 0.0 | $15M | 230k | 65.21 | |
| Cooper Industries | 0.0 | $12M | 200k | 59.12 | |
| Copart (CPRT) | 0.0 | $6.4M | 137k | 47.04 | |
| Cummins (CMI) | 0.0 | $28M | 270k | 104.00 | |
| Adobe Systems Incorporated (ADBE) | 0.0 | $60M | 2.1M | 28.27 | |
| AFLAC Incorporated (AFL) | 0.0 | $61M | 1.3M | 48.23 | |
| Boeing Company (BA) | 0.0 | $12M | 168k | 74.18 | |
| Dow Chemical Company | 0.0 | $328k | 9.8k | 33.49 | |
| BE Aerospace | 0.0 | $22M | 511k | 42.23 | |
| Autoliv (ALV) | 0.0 | $21M | 339k | 63.09 | |
| DaVita (DVA) | 0.0 | $32M | 386k | 81.81 | |
| AmerisourceBergen (COR) | 0.0 | $220k | 5.6k | 39.05 | |
| Crane | 0.0 | $20M | 411k | 48.00 | |
| Aetna | 0.0 | $36M | 817k | 43.70 | |
| Air Products & Chemicals (APD) | 0.0 | $2.5M | 29k | 88.02 | |
| Compuware Corporation | 0.0 | $54M | 6.8M | 7.84 | |
| Avnet (AVT) | 0.0 | $12M | 338k | 34.87 | |
| Alcoa | 0.0 | $50M | 4.9M | 10.16 | |
| Allergan | 0.0 | $65M | 738k | 87.91 | |
| Allstate Corporation (ALL) | 0.0 | $55M | 1.9M | 28.85 | |
| Altria (MO) | 0.0 | $39M | 1.4M | 28.40 | |
| Anadarko Petroleum Corporation | 0.0 | $19M | 237k | 80.72 | |
| Baker Hughes Incorporated | 0.0 | $19M | 392k | 49.13 | |
| CIGNA Corporation | 0.0 | $45M | 1.0M | 44.90 | |
| Directv | 0.0 | $241k | 5.4k | 44.93 | |
| Biogen Idec (BIIB) | 0.0 | $325k | 2.8k | 118.01 | |
| Danaher Corporation (DHR) | 0.0 | $783k | 15k | 52.49 | |
| Dell | 0.0 | $323k | 19k | 17.25 | |
| Bayer (BAYRY) | 0.0 | $7.6M | 108k | 70.52 | |
| Anheuser-Busch InBev NV (BUD) | 0.0 | $7.6M | 125k | 60.80 | |
| Accenture | 0.0 | $285k | 5.0k | 57.29 | |
| Abercrombie & Fitch (ANF) | 0.0 | $1.3M | 29k | 45.93 | |
| Clorox Company (CLX) | 0.0 | $51M | 743k | 68.62 | |
| Dollar Tree (DLTR) | 0.0 | $5.9M | 70k | 84.81 | |
| AvalonBay Communities (AVB) | 0.0 | $8.2M | 61k | 136.00 | |
| CoStar (CSGP) | 0.0 | $12M | 207k | 56.67 | |
| Alliance One International | 0.0 | $3.3M | 1.1M | 2.91 | |
| Alliance Data Systems Corporation (BFH) | 0.0 | $3.5M | 31k | 110.80 | |
| Axis Capital Holdings (AXS) | 0.0 | $43M | 1.4M | 30.72 | |
| City National Corporation | 0.0 | $39M | 855k | 45.88 | |
| Amazon (AMZN) | 0.0 | $49M | 249k | 194.44 | |
| Cedar Fair (FUN) | 0.0 | $21M | 811k | 25.90 | |
| Anixter Intl Inc note 1.000% 2/1 | 0.0 | $1.9M | 1.6M | 1.19 | |
| Delta Air Lines (DAL) | 0.0 | $8.2M | 780k | 10.50 | |
| Atmel Corporation | 0.0 | $3.7M | 385k | 9.71 | |
| CONSOL Energy | 0.0 | $26M | 728k | 35.74 | |
| Conceptus | 0.0 | $5.9M | 478k | 12.38 | |
| Broadcom Corporation | 0.0 | $9.9M | 287k | 34.34 | |
| Companhia Energetica Minas Gerais (CIG) | 0.0 | $2.3M | 113k | 20.24 | |
| Brunswick Corporation (BC) | 0.0 | $264k | 12k | 21.32 | |
| Cbeyond | 0.0 | $7.4M | 869k | 8.50 | |
| Celanese Corporation (CE) | 0.0 | $49M | 1.0M | 48.71 | |
| Alere | 0.0 | $1.8M | 75k | 24.15 | |
| Abiomed | 0.0 | $10M | 541k | 18.51 | |
| China XD Plastics | 0.0 | $1.8M | 384k | 4.78 | |
| Air Methods Corporation | 0.0 | $5.3M | 63k | 84.31 | |
| Altera Corporation | 0.0 | $53M | 1.3M | 39.79 | |
| Bio-Rad Laboratories (BIO) | 0.0 | $13M | 124k | 101.56 | |
| Catalyst Health Solutions | 0.0 | $15M | 269k | 54.76 | |
| Cibc Cad (CM) | 0.0 | $57M | 746k | 76.25 | |
| Cinemark Holdings (CNK) | 0.0 | $16M | 786k | 19.72 | |
| Copa Holdings Sa-class A (CPA) | 0.0 | $7.5M | 110k | 68.14 | |
| Banco Itau Holding Financeira (ITUB) | 0.0 | $17M | 828k | 19.96 | |
| Abb (ABBNY) | 0.0 | $14M | 657k | 20.83 | |
| Allegiant Travel Company (ALGT) | 0.0 | $8.4M | 153k | 54.97 | |
| Celgene Corporation | 0.0 | $13M | 183k | 72.70 | |
| Cymer | 0.0 | $2.8M | 57k | 49.79 | |
| Deckers Outdoor Corporation (DECK) | 0.0 | $5.6M | 69k | 80.86 | |
| Diamond Foods | 0.0 | $1.8M | 49k | 36.34 | |
| Church & Dwight (CHD) | 0.0 | $60M | 1.3M | 45.37 | |
| CHECK POINT SOFTWARE Technolog Com Stk (CHKP) | 0.0 | $3.5M | 62k | 56.29 | |
| Chart Industries (GTLS) | 0.0 | $13M | 225k | 55.76 | |
| Albemarle Corporation (ALB) | 0.0 | $20M | 308k | 64.53 | |
| Aruba Networks | 0.0 | $3.2M | 146k | 22.18 | |
| Aspen Technology | 0.0 | $7.3M | 405k | 18.01 | |
| Acacia Research Corporation (ACTG) | 0.0 | $8.4M | 204k | 41.16 | |
| Cardiome Pharma Corp | 0.0 | $5.2M | 2.2M | 2.37 | |
| Clearwire Corporation | 0.0 | $112k | 58k | 1.94 | |
| Boston Properties (BXP) | 0.0 | $32M | 305k | 104.05 | |
| Acme Packet | 0.0 | $7.9M | 271k | 29.23 | |
| American Water Works (AWK) | 0.0 | $11M | 312k | 33.73 | |
| Ball Corporation (BALL) | 0.0 | $3.5M | 89k | 39.26 | |
| DigitalGlobe | 0.0 | $13M | 804k | 15.69 | |
| Camden Property Trust (CPT) | 0.0 | $3.7M | 57k | 64.51 | |
| DuPont Fabros Technology | 0.0 | $3.4M | 135k | 25.50 | |
| Amarin Corporation (AMRN) | 0.0 | $14M | 1.7M | 8.16 | |
| Crexus Investment | 0.0 | $4.4M | 394k | 11.07 | |
| CoreSite Realty | 0.0 | $746k | 37k | 20.05 | |
| AbitibiBowater | 0.0 | $489k | 34k | 14.50 | |
| Alere Inc note 3.000% 5/1 | 0.0 | $13M | 13M | 0.95 | |
| Alstom (ALSMY) | 0.0 | $9.1M | 2.4M | 3.81 | |
| American Assets Trust Inc reit (AAT) | 0.0 | $1.5M | 68k | 22.13 | |
| D Bta Bank Gdr deprecpt | 0.0 | $101k | 32k | 3.10 | |
| Citigroup (C) | 0.0 | $16M | 520k | 30.72 | |
| Ddr Corp | 0.0 | $2.9M | 211k | 13.86 | |
| Alkermes (ALKS) | 0.0 | $4.6M | 243k | 18.81 | |
| Cubesmart (CUBE) | 0.0 | $756k | 66k | 11.39 | |
| Delphi Automotive | 0.0 | $16M | 731k | 21.54 |
