Quantitative Investment Management

Quantitative Investment Management as of June 30, 2012

Portfolio Holdings for Quantitative Investment Management

Quantitative Investment Management holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing

                Other       Sole
      Name of Issuer/Title of Class            Cusip        Value       Shares     Discretion   Managers   Authority   Shared   None
-----------------------------------------   ----------   ----------   ----------   ----------   --------   ---------   ------   ----
{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
3M Company                                  88579Y101      10805760       120600   SOLE         (None)        120600        0      0
Abbott Laboratories                         002824100       8568063       132900   SOLE         (None)        132900        0      0
ACE Ltd                                     H0023R105        207564         2800   SOLE         (None)          2800        0      0
Actuant Corp                                00508X203        567644        20900   SOLE         (None)         20900        0      0
Acxiom Cp                                   005125109        229672        15200   SOLE         (None)         15200        0      0
Adobe Systems Inc                           00724F101       3444168       106400   SOLE         (None)        106400        0      0
Adtran Inc                                  00738A106        256615         8500   SOLE         (None)          8500        0      0
ADVANCE AUTO PARTS INC                      00751Y106      10383084       152200   SOLE         (None)        152200        0      0
AEROPOSTALE INC                             007865108       1515550        85000   SOLE         (None)         85000        0      0
AES Corp                                    00130H105        664594        51800   SOLE         (None)         51800        0      0
Affiliated Managers Group Inc               008252108       1160170        10600   SOLE         (None)         10600        0      0
AFLAC Inc                                   001055102        387569         9100   SOLE         (None)          9100        0      0
AGCO Corp                                   001084102        612782        13400   SOLE         (None)         13400        0      0
Alaska Airlines Inc                         011659109        384130        10700   SOLE         (None)         10700        0      0
Alexandria Real Est Inc                     015271109        232704         3200   SOLE         (None)          3200        0      0
Alexion Pharmaceuticals                     015351109       3346410        33700   SOLE         (None)         33700        0      0
ALIGN TECHNOLOGY INC                        016255101        578858        17300   SOLE         (None)         17300        0      0
ALLIANCE DATA SYSTEMS CP                    018581108       2457000        18200   SOLE         (None)         18200        0      0
Allstate Insurance                          020002101       1336929        38100   SOLE         (None)         38100        0      0
ALPHA NATURAL RESOURCES INC                 02076X102       3276702       376200   SOLE         (None)        376200        0      0
Altria Group                                02209S103      10551570       305400   SOLE         (None)        305400        0      0
Amazon.com Inc                              023135106       1803965         7900   SOLE         (None)          7900        0      0
Amer Express                                025816109       2829006        48600   SOLE         (None)         48600        0      0
Amer Intl Group                             026874784       8763779       273100   SOLE         (None)        273100        0      0
Amer Superconductor                         030111108        116090        24700   SOLE         (None)         24700        0      0
Ameren Corp                                 023608102       1308060        39000   SOLE         (None)         39000        0      0
AMERICA MOVIL SA DE CV ADS L                02364W105       2066558        79300   SOLE         (None)         79300        0      0
American Electric Power                     025537101       3327660        83400   SOLE         (None)         83400        0      0
American Tower Corp Cl A                    03027X100       5732620        82000   SOLE         (None)         82000        0      0
AMERIGROUP CP                               03073T102       1166607        17700   SOLE         (None)         17700        0      0
Amerisource Bergen Corp                     03073E105        814545        20700   SOLE         (None)         20700        0      0
Amgen Co                                    031162100       9923051       136100   SOLE         (None)        136100        0      0
Amphenol Cp                                 032095101        834784        15200   SOLE         (None)         15200        0      0
Anixter Intl                                035290105        732090        13800   SOLE         (None)         13800        0      0
Annaly Capital Management Inc               035710409       1557184        92800   SOLE         (None)         92800        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
APOLLO INVT CORP                            03761U106        208624        27200   SOLE         (None)         27200        0      0
Apple Inc                                   037833100      40529600        69400   SOLE         (None)         69400        0      0
Arch Capital Group Ltd                      G0450A105        404838        10200   SOLE         (None)         10200        0      0
Arch Coal Inc                               039380100       2907580       422000   SOLE         (None)        422000        0      0
Ariad Pharmaceuticals                       04033A100        330432        19200   SOLE         (None)         19200        0      0
Arris Group Inc                             04269Q100        175266        12600   SOLE         (None)         12600        0      0
Arrow Electronics Inc                       042735100        223108         6800   SOLE         (None)          6800        0      0
Ascena Retail Group Inc                     04351G101       2375912       127600   SOLE         (None)        127600        0      0
Ashland Oil Inc                             044209104       1968404        28400   SOLE         (None)         28400        0      0
ASML Holding                                N07059186       4854048        94400   SOLE         (None)         94400        0      0
Associated Banc                             045487105        445822        33800   SOLE         (None)         33800        0      0
ASSURED GUARANTY LTD                        G0585R106        291870        20700   SOLE         (None)         20700        0      0
Astoria Financial Corp                      046265104        208740        21300   SOLE         (None)         21300        0      0
athenahealth Inc                            04685W103        973791        12300   SOLE         (None)         12300        0      0
Autoliv Inc                                 052800109       1257180        23000   SOLE         (None)         23000        0      0
Automatic Data Process                      053015103       6328542       113700   SOLE         (None)        113700        0      0
AXIS CAPITAL HLDGS LTD                      G0692U109        823515        25300   SOLE         (None)         25300        0      0
Baker Hughes                                057224107        735690        17900   SOLE         (None)         17900        0      0
Ball Corp                                   058498106       1206870        29400   SOLE         (None)         29400        0      0
Bank of America Corp                        060505104      14011522      1712900   SOLE         (None)       1712900        0      0
Barclay Banks                               06738E204       1276170       123900   SOLE         (None)        123900        0      0
Bard (C.R.) Inc                             067383109       1751272        16300   SOLE         (None)         16300        0      0
BB^T Corp                                   054937107       6194680       200800   SOLE         (None)        200800        0      0
Beam Inc                                    073730103        774876        12400   SOLE         (None)         12400        0      0
Beazer Homes USA Inc                        07556Q105         69875        21500   SOLE         (None)         21500        0      0
Bemis Co Inc                                081437105       1194054        38100   SOLE         (None)         38100        0      0
Berkshire Hathaway Inc Cl B                 084670702       7233044        86800   SOLE         (None)         86800        0      0
Best Buy Co. Inc                            086516101       2538256       121100   SOLE         (None)        121100        0      0
Biogen Idec Inc                             09062X103       4562408        31600   SOLE         (None)         31600        0      0
Biomarin Pharma Inc                         09061G101       1270518        32100   SOLE         (None)         32100        0      0
Blackrock Inc                               09247X101       5162528        30400   SOLE         (None)         30400        0      0
Block (H & R)                               093671105       1075454        67300   SOLE         (None)         67300        0      0
Boeing Co                                   097023105       9332080       125600   SOLE         (None)        125600        0      0
Boston Properties Inc                       101121101        704405         6500   SOLE         (None)          6500        0      0
BP Plc                                      055622104        421616        10400   SOLE         (None)         10400        0      0
Brandywine Realty Trust                     105368203        385008        31200   SOLE         (None)         31200        0      0
Bristol Myers Squibb Co                     110122108      12600475       350500   SOLE         (None)        350500        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Brookfield Asset                            112585104        258180         7800   SOLE         (None)          7800        0      0
Brunswick Corp                              117043109        333300        15000   SOLE         (None)         15000        0      0
BUFFALO WILD WINGS INC                      119848109        823080         9500   SOLE         (None)          9500        0      0
CA Inc                                      12673P105       2763180       102000   SOLE         (None)        102000        0      0
CABELA'S INC                                126804301        404567        10700   SOLE         (None)         10700        0      0
Cabot Corporation                           127055101        345950         8500   SOLE         (None)          8500        0      0
Cabot Oil & Gas Cp                          127097103       4172460       105900   SOLE         (None)        105900        0      0
Camden Property Trust Sbi                   133131102        839108        12400   SOLE         (None)         12400        0      0
Canadian National Railway                   136375102       1037874        12300   SOLE         (None)         12300        0      0
Canadian Pacific Railway Ltd                13645T100       1377288        18800   SOLE         (None)         18800        0      0
Capital One Financial                       14040H105       5302020        97000   SOLE         (None)         97000        0      0
CAPITALSOURCE INC                           14055X102        228480        34000   SOLE         (None)         34000        0      0
Carbo Ceramics Inc                          140781105        567802         7400   SOLE         (None)          7400        0      0
Career Education Corp                       141665109        144504        21600   SOLE         (None)         21600        0      0
Carnival Corp                               143658300      12052759       351700   SOLE         (None)        351700        0      0
Catamaran Corp                              148887102        744075         7500   SOLE         (None)          7500        0      0
Caterpillar Inc                             149123101      17958465       211500   SOLE         (None)        211500        0      0
CBL & Associates Properties                 124830100        705394        36100   SOLE         (None)         36100        0      0
CBS Cl B                                    124857202       4435134       135300   SOLE         (None)        135300        0      0
Cemig-Companhia Ener Nv Pr ADR              204409601        895212        48600   SOLE         (None)         48600        0      0
Centerpoint Energy                          15189T107       1219530        59000   SOLE         (None)         59000        0      0
Centurylink Inc                             156700106       3115761        78900   SOLE         (None)         78900        0      0
CEPHEID INC                                 15670R107        709935        15900   SOLE         (None)         15900        0      0
Charles Schwab Corp                         808513105       1556772       120400   SOLE         (None)        120400        0      0
Check Point Software Tech                   M22465104       1041390        21000   SOLE         (None)         21000        0      0
Chesapeake Energy Corp                      165167107       1233180        66300   SOLE         (None)         66300        0      0
Chevron                                     166764100       4494300        42600   SOLE         (None)         42600        0      0
Chicos Fas Inc                              168615102       1118936        75400   SOLE         (None)         75400        0      0
Children's Place Retail Stores Inc          168905107        578028        11600   SOLE         (None)         11600        0      0
China Mobile Ltd                            16941M109        382690         7000   SOLE         (None)          7000        0      0
CHINA PETROLEUM & CHEM CP ADS               16941R108        214056         2400   SOLE         (None)          2400        0      0
China Unicom Ltd                            16945R104        405365        32300   SOLE         (None)         32300        0      0
Chiquita Brands Intl                        170032809         68000        13600   SOLE         (None)         13600        0      0
Chubb Corp  (The)                           171232101        786456        10800   SOLE         (None)         10800        0      0
Ciena Corp                                  171779309       1023125        62500   SOLE         (None)         62500        0      0
Cintas Cp                                   172908105        915057        23700   SOLE         (None)         23700        0      0
Citrix Systems                              177376100       1653618        19700   SOLE         (None)         19700        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
City Natl Cp                                178566105        272048         5600   SOLE         (None)          5600        0      0
CME Group Inc                               12572Q105       2439801         9100   SOLE         (None)          9100        0      0
CMS Energy                                  125896100        594550        25300   SOLE         (None)         25300        0      0
COACH INC                                   189754104      12263256       209700   SOLE         (None)        209700        0      0
Coca Cola Co                                191216100      17326904       221600   SOLE         (None)        221600        0      0
Coinstar Inc                                19259P300        590476         8600   SOLE         (None)          8600        0      0
Colgate-Palmolive Co                        194162103       3955800        38000   SOLE         (None)         38000        0      0
Comcast Corp Class A                        20030N101      10642813       332900   SOLE         (None)        332900        0      0
Comcast Cp Spl Class A                      20030N200       2540260        80900   SOLE         (None)         80900        0      0
Comerica Inc                                200340107       1569281        51100   SOLE         (None)         51100        0      0
Companhia Siderurgica Nacional ADR          20440W105        618597       109100   SOLE         (None)        109100        0      0
Computer Science Corp                       205363104        578306        23300   SOLE         (None)         23300        0      0
ConAgra Foods Inc                           205887102       2790068       107600   SOLE         (None)        107600        0      0
Conoco Philips                              20825C104       7119112       127400   SOLE         (None)        127400        0      0
Consolidated Edison Inc                     209115104       3482640        56000   SOLE         (None)         56000        0      0
Consumer Discretionary Select Sector SPD    81369Y407      31272054       714300   SOLE         (None)        714300        0      0
Consumer Staples Select Sector SPDR Fund    81369Y308      22836936       656800   SOLE         (None)        656800        0      0
Continental Resources Inc                   212015101       4143764        62200   SOLE         (None)         62200        0      0
Convergys Corp                              212485106        158039        10700   SOLE         (None)         10700        0      0
Cooper Cos Inc                              216648402        223328         2800   SOLE         (None)          2800        0      0
Cooper Tire & Rubber                        216831107        417452        23800   SOLE         (None)         23800        0      0
Core Laboratories NV                        N22717107        822890         7100   SOLE         (None)          7100        0      0
CORELOGIC INC                               21871D103        404651        22100   SOLE         (None)         22100        0      0
CORINTHIAN COLLEGES INC                     218868107         54910        19000   SOLE         (None)         19000        0      0
Correction Cp of Amer                       22025Y407        462365        15700   SOLE         (None)         15700        0      0
Costco Wholesale                            22160K105       2470000        26000   SOLE         (None)         26000        0      0
Covanta Holding Cp                          22282E102        217805        12700   SOLE         (None)         12700        0      0
Coventry Corp                               222862104       2355639        74100   SOLE         (None)         74100        0      0
COVIDIEN PLC                                G2554F113       3263500        61000   SOLE         (None)         61000        0      0
Credicorp Ltd                               G2519Y108        830874         6600   SOLE         (None)          6600        0      0
Crown Castle International Corp             228227104       2416792        41200   SOLE         (None)         41200        0      0
CSX Corp                                    126408103       2841956       127100   SOLE         (None)        127100        0      0
CTRIP.COM INTL LTD ADS                      22943F100        207824        12400   SOLE         (None)         12400        0      0
Cummins Engines                             231021106       2287076        23600   SOLE         (None)         23600        0      0
CVS Caremark Corp                           126650100       9266559       198300   SOLE         (None)        198300        0      0
Danaher Corp                                235851102       1775928        34100   SOLE         (None)         34100        0      0
Davita Inc                                  23918K108        707112         7200   SOLE         (None)          7200        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Ddr Corp                                    23317H102        603168        41200   SOLE         (None)         41200        0      0
Decker Outdoor Corp                         243537107       3239136        73600   SOLE         (None)         73600        0      0
Deere & Co                                  244199105        250697         3100   SOLE         (None)          3100        0      0
Denbury Resources Inc                       247916208       1122673        74300   SOLE         (None)         74300        0      0
Dentsply Intl Inc                           249030107        612522        16200   SOLE         (None)         16200        0      0
Devon Energy Cp                             25179M103       2360193        40700   SOLE         (None)         40700        0      0
Diageo Plc ADR                              25243Q205        803946         7800   SOLE         (None)          7800        0      0
DIAMOND FOODS                               252603105        228352        12800   SOLE         (None)         12800        0      0
DICK'S SPORTING GOODS INC                   253393102       1497600        31200   SOLE         (None)         31200        0      0
DIGITAL REALTY TRUST INC                    253868103       2792604        37200   SOLE         (None)         37200        0      0
Discovery Comm A                            25470F104       1798200        33300   SOLE         (None)         33300        0      0
Discovery Financial Services                254709108       4270630       123500   SOLE         (None)        123500        0      0
Dollar Tree Inc                             256746108       1726980        32100   SOLE         (None)         32100        0      0
Dominion Resources Inc                      25746U109       2694600        49900   SOLE         (None)         49900        0      0
Dover Cp                                    260003108        654042        12200   SOLE         (None)         12200        0      0
Dow Chemical Co                             260543103       8353800       265200   SOLE         (None)        265200        0      0
DR Pepper Snapple Group Inc                 26138E109       3587500        82000   SOLE         (None)         82000        0      0
DreamWorks Animation SKG Inc                26153C103        562270        29500   SOLE         (None)         29500        0      0
DST Systems Inc                             233326107        200947         3700   SOLE         (None)          3700        0      0
DTE Energy Co                               233331107       1601910        27000   SOLE         (None)         27000        0      0
Duke Energy Corp                            26441C204      13264112       575200   SOLE         (None)        575200        0      0
Duke Realty Corp                            264411505        710040        48500   SOLE         (None)         48500        0      0
Dupont (EI) De Nemour                       263534109       4920461        97300   SOLE         (None)         97300        0      0
East West Bancorp Inc                       27579R104        753066        32100   SOLE         (None)         32100        0      0
Eastman Chemical Co                         277432100       3087681        61300   SOLE         (None)         61300        0      0
Eaton Corp                                  278058102       9701424       244800   SOLE         (None)        244800        0      0
eBay Inc                                    278642103       3440619        81900   SOLE         (None)         81900        0      0
Ecolab Inc                                  278865100       2316314        33800   SOLE         (None)         33800        0      0
Elan Cp Plc                                 284131208       1027136        70400   SOLE         (None)         70400        0      0
ELDORADO GOLD CP                            284902103        365904        29700   SOLE         (None)         29700        0      0
Electronic Art                              285512109       3324620       269200   SOLE         (None)        269200        0      0
Embraer Sa                                  29082A107       1445885        54500   SOLE         (None)         54500        0      0
EMC Corp                                    268648102       5469442       213400   SOLE         (None)        213400        0      0
Emerson Electric Co                         291011104        563618        12100   SOLE         (None)         12100        0      0
Energy Select Sector SPDR Fund              81369Y506      17276111       260300   SOLE         (None)        260300        0      0
Entergy Corp                                29364G103        943671        13900   SOLE         (None)         13900        0      0
Enterprise Products Partners Lp             293792107        594384        11600   SOLE         (None)         11600        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
EQUINIX INC                                 29444U502       1089030         6200   SOLE         (None)          6200        0      0
Essex Property Trust                        297178105        677248         4400   SOLE         (None)          4400        0      0
EXCO RESOURCES INC                          269279402        566973        74700   SOLE         (None)         74700        0      0
Expedia                                     30212P303       4350335        90500   SOLE         (None)         90500        0      0
Express Scripts Inc                         30219G108       5610915       100500   SOLE         (None)        100500        0      0
Exxon Mobil Corp                            30231G102      59899000       700000   SOLE         (None)        700000        0      0
F5 Network Inc                              315616102       2558692        25700   SOLE         (None)         25700        0      0
Factset Research Systems                    303075105        390348         4200   SOLE         (None)          4200        0      0
Family Dollar Stores                        307000109       3230928        48600   SOLE         (None)         48600        0      0
Fastenal Co                                 311900104       5155649       127900   SOLE         (None)        127900        0      0
Federal Realty Inv                          313747206        780675         7500   SOLE         (None)          7500        0      0
Federated Investors Inc Cl B                314211103        751640        34400   SOLE         (None)         34400        0      0
FedEx Corp                                  31428X106       4992745        54500   SOLE         (None)         54500        0      0
Fidelity Natl In                            31620M106       1704000        50000   SOLE         (None)         50000        0      0
Fifth & Pacific                             316645100        601953        56100   SOLE         (None)         56100        0      0
Fifth Third Bancorp                         316773100       3627380       270700   SOLE         (None)        270700        0      0
Financial Select Sector SPDR Fund           81369Y605      63181848      4315700   SOLE         (None)       4315700        0      0
First Hrzn Natl Cp                          320517105        724005        83700   SOLE         (None)         83700        0      0
First Niagara Financial Grp inc             33582V108        481185        62900   SOLE         (None)         62900        0      0
First Solar Inc                             336433107        701796        46600   SOLE         (None)         46600        0      0
FirstEnergy Corp                            337932107       1111694        22600   SOLE         (None)         22600        0      0
Fiserv Inc                                  337738108        657202         9100   SOLE         (None)          9100        0      0
Flowserve Corp                              34354P105       2363850        20600   SOLE         (None)         20600        0      0
FMC Cp                                      302491303       1203300        22500   SOLE         (None)         22500        0      0
Fomento Economico Mexicano Ads              344419106       2909550        32600   SOLE         (None)         32600        0      0
Forest Oil Cp                               346091705        545352        74400   SOLE         (None)         74400        0      0
Franklin Res Inc                            354613101        344069         3100   SOLE         (None)          3100        0      0
Frontier Communications                     35906A108       2824625       737500   SOLE         (None)        737500        0      0
Frontline Ltd                               G3682E127         61560        13500   SOLE         (None)         13500        0      0
FTI Consulting Inc                          302941109        695750        24200   SOLE         (None)         24200        0      0
Gafisa SA                                   362607301        310388       122200   SOLE         (None)        122200        0      0
Gap Inc                                     364760108        716832        26200   SOLE         (None)         26200        0      0
Gardner Denver Inc                          365558105       1074073        20300   SOLE         (None)         20300        0      0
GARMIN LTD                                  H2906T109       1133384        29600   SOLE         (None)         29600        0      0
Gartner Inc                                 366651107        241080         5600   SOLE         (None)          5600        0      0
GENCO SHIPPING & TRADING                    Y2685T107         56730        18600   SOLE         (None)         18600        0      0
General Dynamics                            369550108        237456         3600   SOLE         (None)          3600        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
General Electric Co                         369604103      42426072      2035800   SOLE         (None)       2035800        0      0
General Growth Properties                   370023103       1760157        97300   SOLE         (None)         97300        0      0
Georgia Gulf Corp                           373200302        423555        16500   SOLE         (None)         16500        0      0
Gilead Science                              375558103       4210088        82100   SOLE         (None)         82100        0      0
Glaxo Smith Kline Plc ADR                   37733W105       1909383        41900   SOLE         (None)         41900        0      0
GOL LINHAS AEREAS INTELIGENTES              38045R107         49392        11200   SOLE         (None)         11200        0      0
Goldcorp B                                  380956409        296882         7900   SOLE         (None)          7900        0      0
GOLDEN STAR RES LTD                         38119T104         43268        37300   SOLE         (None)         37300        0      0
Goodyear Tire And Rubber                    382550101        419255        35500   SOLE         (None)         35500        0      0
Grainger (WW)                               384802104       2371376        12400   SOLE         (None)         12400        0      0
Green Mountain Coffee Inc                   393122106       7716654       354300   SOLE         (None)        354300        0      0
Harris Corp (The)                           413875105        431055        10300   SOLE         (None)         10300        0      0
Hartford Financial Services Group Inc       416515104        615287        34900   SOLE         (None)         34900        0      0
HCP Inc                                     40414L109       3187630        72200   SOLE         (None)         72200        0      0
Health Care REIT                            42217K106       1888920        32400   SOLE         (None)         32400        0      0
Health Care Select Sector SPDR Fund         81369Y209      56114163      1476300   SOLE         (None)       1476300        0      0
Health Management Associates Inc            421933102        189970        24200   SOLE         (None)         24200        0      0
Health Net Inc                              42222G108        516951        21300   SOLE         (None)         21300        0      0
Hecla Mining                                422704106        116375        24500   SOLE         (None)         24500        0      0
Hershey Corp                                427866108       2312163        32100   SOLE         (None)         32100        0      0
Hess Corp                                   42809H107       3867050        89000   SOLE         (None)         89000        0      0
Highwoods Properties                        431284108        211995         6300   SOLE         (None)          6300        0      0
Hollyfrontr Corp                            436106108        591681        16700   SOLE         (None)         16700        0      0
Home Depot                                  437076102      24571463       463700   SOLE         (None)        463700        0      0
Honeywell International Inc                 438516106       4338768        77700   SOLE         (None)         77700        0      0
HORNBECK OFFSHORE SVCS INC                  440543106        438214        11300   SOLE         (None)         11300        0      0
Horton DR Inc                               23331A109       4879890       265500   SOLE         (None)        265500        0      0
HOSPIRA INC                                 441060100        234366         6700   SOLE         (None)          6700        0      0
Host Hotel & Resort                         44107P104        741958        46900   SOLE         (None)         46900        0      0
HSBC Holdings plc ADS                       404280406       2992014        67800   SOLE         (None)         67800        0      0
Human Genome Sciences                       444903108        970307        73900   SOLE         (None)         73900        0      0
Hunt (J.B.) Transport Services Inc.         445658107        596000        10000   SOLE         (None)         10000        0      0
Huntington Bancshrs Inc                     446150104       1670400       261000   SOLE         (None)        261000        0      0
IAMGOLD CP                                  450913108       1433700       121500   SOLE         (None)        121500        0      0
Idenix Pharm                                45166R204        203544        19800   SOLE         (None)         19800        0      0
Idexx Laboratories                          45168D104       1240077        12900   SOLE         (None)         12900        0      0
Illinois Tool Works                         452308109       1978086        37400   SOLE         (None)         37400        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
ILLUMINA INC                                452327109       1571171        38900   SOLE         (None)         38900        0      0
Imax Inc                                    45245E109        266733        11100   SOLE         (None)         11100        0      0
Industrial Select Sector SPDR Fund          81369Y704     113266518      3175400   SOLE         (None)       3175400        0      0
Ingersoll-Rand Co                           G47791101       5736480       136000   SOLE         (None)        136000        0      0
Ingredion Incorp                            457187102        356544         7200   SOLE         (None)          7200        0      0
Integrys Energy                             45822P105        665379        11700   SOLE         (None)         11700        0      0
Intel Corp                                  458140100      31191160      1170400   SOLE         (None)       1170400        0      0
INTERCONTINENTALEXCHANGE INC                45865V100        734292         5400   SOLE         (None)          5400        0      0
Intermune Inc                               45884X103        358500        30000   SOLE         (None)         30000        0      0
Interoil Cp                                 460951106       1909780        27400   SOLE         (None)         27400        0      0
Interpublic Grp Of Co's                     460690100        806155        74300   SOLE         (None)         74300        0      0
Intl Paper Co                               460146103       3746736       129600   SOLE         (None)        129600        0      0
Intuit Inc                                  461202103        421385         7100   SOLE         (None)          7100        0      0
INTUITIVE SURGICAL INC                      46120E602       1495233         2700   SOLE         (None)          2700        0      0
INVESCO LTD                                 G491BT108       2343620       103700   SOLE         (None)        103700        0      0
Iron Mountain Inc                           462846106       2366528        71800   SOLE         (None)         71800        0      0
ISHARES DJIT INDEX FD                       464287192       2874564        30800   SOLE         (None)         30800        0      0
ISHARES TR COHEN & STEERS RLTY              464287564       4954320        63000   SOLE         (None)         63000        0      0
ISHARES TR DJ US FINCL SECT                 464287788       1658400        30000   SOLE         (None)         30000        0      0
iShares Tr DJ US Real Estate Sect           464287739      63338964       990600   SOLE         (None)        990600        0      0
ISHARES TR NQ BIOTECH INDEX FD              464287556       7953552        61200   SOLE         (None)         61200        0      0
ITT Corp                                    450911201       2212320       125700   SOLE         (None)        125700        0      0
JA Solar Holdings Co Ltd                    466090107         14420        14000   SOLE         (None)         14000        0      0
Jacobs Engineering Group                    469814107       1162302        30700   SOLE         (None)         30700        0      0
JAMES RIVER COAL CO                         470355207         72628        26800   SOLE         (None)         26800        0      0
Janus Capital Group                         47102X105        200192        25600   SOLE         (None)         25600        0      0
Jarden Corp                                 471109108        226908         5400   SOLE         (None)          5400        0      0
Jefferies Group Inc                         472319102        850845        65500   SOLE         (None)         65500        0      0
JETBLUE AIRWAYS CP                          477143101        359870        67900   SOLE         (None)         67900        0      0
Johnson & Johnson                           478160104      69715164      1031900   SOLE         (None)       1031900        0      0
K L A - Tencor Corp                         482480100       1329750        27000   SOLE         (None)         27000        0      0
KBR Inc                                     48242W106        785778        31800   SOLE         (None)         31800        0      0
Kennametal Inc                              489170100       1514955        45700   SOLE         (None)         45700        0      0
Key Corp                                    493267108        264708        34200   SOLE         (None)         34200        0      0
Key Energy Services                         492914106       1789040       235400   SOLE         (None)        235400        0      0
Kilroy Realty Corp                          49427F108        813288        16800   SOLE         (None)         16800        0      0
Kimco Realty Corp                           49446R109        401533        21100   SOLE         (None)         21100        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Kinder Morgan Energy Partners LP            494550106       1681612        21400   SOLE         (None)         21400        0      0
Kroger Co (The)                             501044101        825564        35600   SOLE         (None)         35600        0      0
Kulicke & Soffa Industries Inc              501242101        168588        18900   SOLE         (None)         18900        0      0
L-3 Comm Holdings Inc                       502424104       2582949        34900   SOLE         (None)         34900        0      0
Lamar Advertising                           512815101        383240        13400   SOLE         (None)         13400        0      0
Landstar Systems Inc                        515098101        936132        18100   SOLE         (None)         18100        0      0
Lasalle Hotel Properties                    517942108        521606        17900   SOLE         (None)         17900        0      0
Legg Mason Inc                              524901105        213597         8100   SOLE         (None)          8100        0      0
Lennar Corporation                          526057104      12700919       410900   SOLE         (None)        410900        0      0
Liberty Global Inc CL A                     530555101        967785        19500   SOLE         (None)         19500        0      0
Liberty Property Trus                       531172104        825216        22400   SOLE         (None)         22400        0      0
Lifepoint Hospitals Inc                     53219L109        282762         6900   SOLE         (None)          6900        0      0
Lilly (Eli) & Co                            532457108       3454255        80500   SOLE         (None)         80500        0      0
Lincoln Natl                                534187109       2353212       107600   SOLE         (None)        107600        0      0
Lloyds Bankg Grp                            539439109        103296        53800   SOLE         (None)         53800        0      0
Lockheed Martin Corp                        539830109       1132040        13000   SOLE         (None)         13000        0      0
Loews Corp                                  540424108        736380        18000   SOLE         (None)         18000        0      0
Louisiana-Pacific                           546347105        311168        28600   SOLE         (None)         28600        0      0
Lowe's Cos                                  548661107      17672616       621400   SOLE         (None)        621400        0      0
LSI Corp                                    502161102       1349166       211800   SOLE         (None)        211800        0      0
M^T Bank Corp                               55261F104        553219         6700   SOLE         (None)          6700        0      0
Macerich Co                                 554382101        997945        16900   SOLE         (None)         16900        0      0
Mack Cali Realty                            554489104        421515        14500   SOLE         (None)         14500        0      0
Magna Intl Inc Class A                      559222401        623468        15800   SOLE         (None)         15800        0      0
Manitowoc Inc                               563571108        585000        50000   SOLE         (None)         50000        0      0
Marathon Oil Co                             565849106       7704241       301300   SOLE         (None)        301300        0      0
Market Vectors Semiconductor ETF            57060U233       1908016        59200   SOLE         (None)         59200        0      0
Marriott Int'l Inc Cl A                     571903202       2042320        52100   SOLE         (None)         52100        0      0
Masco                                       574599106       1019445        73500   SOLE         (None)         73500        0      0
MASTERCARD INCORPORATED                     57636Q104        989253         2300   SOLE         (None)          2300        0      0
Materials Select Sector SPDR Fund           81369Y100      18883679       535100   SOLE         (None)        535100        0      0
Mattel Co                                   577081102       1352748        41700   SOLE         (None)         41700        0      0
Maxim Integrated Prod Inc                   57772K101        538440        21000   SOLE         (None)         21000        0      0
Mc Kesson Corp                              58155Q103       3187500        34000   SOLE         (None)         34000        0      0
McDermott Intl Inc                          580037109        321946        28900   SOLE         (None)         28900        0      0
MDC Holding Corp                            552676108        277695         8500   SOLE         (None)          8500        0      0
Meadwestvaco Corp                           583334107        287500        10000   SOLE         (None)         10000        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Medtronic Inc                               585055106       7637556       197200   SOLE         (None)        197200        0      0
Mens Wearhouse Inc                          587118100        697872        24800   SOLE         (None)         24800        0      0
Mentor Graphic Corp                         587200106        265500        17700   SOLE         (None)         17700        0      0
Merck & Co                                  58933Y105      26841075       642900   SOLE         (None)        642900        0      0
Meritage Homes                              59001A102        641466        18900   SOLE         (None)         18900        0      0
Meritor Inc                                 59001K100         73602        14100   SOLE         (None)         14100        0      0
MetroPcs Communications Inc                 591708102        808280       133600   SOLE         (None)        133600        0      0
Mettler Toledo Intl Inc                     592688105        249360         1600   SOLE         (None)          1600        0      0
Micron Technology                           595112103       2412313       382300   SOLE         (None)        382300        0      0
Microsoft Corp                              594918104       6001758       196200   SOLE         (None)        196200        0      0
MINDRAY MEDICAL INTERNATIONAL               602675100        263523         8700   SOLE         (None)          8700        0      0
MKT VECT GOLD MNRS                          57060U100        465608        10400   SOLE         (None)         10400        0      0
MOBILE TELESYSTEMS OJSC ADS                 607409109        610600        35500   SOLE         (None)         35500        0      0
Mohawk Industries Inc                       608190104        328201         4700   SOLE         (None)          4700        0      0
Molex Inc                                   608554101        955206        39900   SOLE         (None)         39900        0      0
MONSANTO CO                                 61166W101       6680346        80700   SOLE         (None)         80700        0      0
MOODYS CP                                   615369105        683485        18700   SOLE         (None)         18700        0      0
Murphy Oil Corp                             626717102       2655312        52800   SOLE         (None)         52800        0      0
Nabors Industries Inc                       G6359F103        682560        47400   SOLE         (None)         47400        0      0
Natl Fuel & Gas Co                          636180101        371142         7900   SOLE         (None)          7900        0      0
NCR Inc                                     62886E108        261395        11500   SOLE         (None)         11500        0      0
Nektar Therapeut                            640268108         92805        11500   SOLE         (None)         11500        0      0
NETFLIX INC                                 64110L106        657504         9600   SOLE         (None)          9600        0      0
New York Community Bancorp                  649445103        352093        28100   SOLE         (None)         28100        0      0
Newfield Exploration Co                     651290108       2356524        80400   SOLE         (None)         80400        0      0
News Corp Ltd ADR                           65248E203       3853172       171100   SOLE         (None)        171100        0      0
News Corp Ltd pf                            65248E104      21115317       947300   SOLE         (None)        947300        0      0
Nexen Inc                                   65334H102        408738        24200   SOLE         (None)         24200        0      0
Nextera Energy                              65339F101       1575749        22900   SOLE         (None)         22900        0      0
NII HOLDINGS INC                            62913F201       1140645       111500   SOLE         (None)        111500        0      0
Nike Inc Class B                            654106103       8461992        96400   SOLE         (None)         96400        0      0
Nokia Corp ADR Cl A                         654902204       4751892      2295600   SOLE         (None)       2295600        0      0
Norfolk Southern                            655844108       3681801        51300   SOLE         (None)         51300        0      0
Northeast Utilities                         664397106       2639080        68000   SOLE         (None)         68000        0      0
Northern Trust Cp                           665859104       1251744        27200   SOLE         (None)         27200        0      0
Northrop Grumman Corp                       666807102       3648788        57200   SOLE         (None)         57200        0      0
Novartis AG ADS                             66987V109        285090         5100   SOLE         (None)          5100        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
NRG Energy Inc                              629377508        814184        46900   SOLE         (None)         46900        0      0
Nv Energy Inc                               67073Y106        631122        35900   SOLE         (None)         35900        0      0
NVR Inc                                     62944T105        935000         1100   SOLE         (None)          1100        0      0
Occidental Petrole                          674599105       2307213        26900   SOLE         (None)         26900        0      0
Oceaneering Intl Inc                        675232102       1526734        31900   SOLE         (None)         31900        0      0
Omnicom Group Inc                           681919106       1443420        29700   SOLE         (None)         29700        0      0
ONEOK Inc                                   682680103        249629         5900   SOLE         (None)          5900        0      0
Onyx Pharmaceuticals                        683399109       8797980       132400   SOLE         (None)        132400        0      0
O'reilly Automotive Inc                     67103H107       1775924        21200   SOLE         (None)         21200        0      0
PACCAR Inc                                  693718108       1175700        30000   SOLE         (None)         30000        0      0
PACKAGING CP OF AMERICA                     695156109        454664        16100   SOLE         (None)         16100        0      0
Pall Cp                                     696429307        992061        18100   SOLE         (None)         18100        0      0
Pan American Silver                         697900108        232944        13800   SOLE         (None)         13800        0      0
Panera Bread Co Cl A                        69840W108        474096         3400   SOLE         (None)          3400        0      0
Partner Re Holdings Ltd                     G6852T105        726432         9600   SOLE         (None)          9600        0      0
Patriot Coal Corp                           70336T104        749446       614300   SOLE         (None)        614300        0      0
Patterson Co                                703395103        265419         7700   SOLE         (None)          7700        0      0
Paychex Inc                                 704326107       6407640       204000   SOLE         (None)        204000        0      0
PDC Energy                                  69327R101        394772        16100   SOLE         (None)         16100        0      0
PDL BioPharma                               69329Y104        281112        42400   SOLE         (None)         42400        0      0
Penn West Ptrolm                            707887105        357513        26700   SOLE         (None)         26700        0      0
Penney (JC) Co Inc                          708160106      10254069       439900   SOLE         (None)        439900        0      0
Pentair Inc                                 709631105       1106292        28900   SOLE         (None)         28900        0      0
Pepco Holdgs Inc                            713291102        780843        39900   SOLE         (None)         39900        0      0
Perrigo Co                                  714290103       4210101        35700   SOLE         (None)         35700        0      0
PETROCHINA CO LTD ADR                       71646E100        387420         3000   SOLE         (None)          3000        0      0
Petsmart Inc                                716768106       2536296        37200   SOLE         (None)         37200        0      0
Pfizer Inc                                  717081103      21024300       914100   SOLE         (None)        914100        0      0
PG & E Corp                                 69331C108        864657        19100   SOLE         (None)         19100        0      0
Philip Morris International Inc             718172109       6256542        71700   SOLE         (None)         71700        0      0
Pinnacle West Capital Corp                  723484101       1640158        31700   SOLE         (None)         31700        0      0
Pioneer Natural Resources Co                723787107       2699226        30600   SOLE         (None)         30600        0      0
Plains All Amer Pipeline LP                 726503105        945477        11700   SOLE         (None)         11700        0      0
Polycom Inc                                 73172K104       1129848       107400   SOLE         (None)        107400        0      0
Power-One Inc                               73930R102         51528        11400   SOLE         (None)         11400        0      0
PP^L Cp                                     69351T106       1006722        36200   SOLE         (None)         36200        0      0
PPG Industries Inc                          693506107        764064         7200   SOLE         (None)          7200        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Praxair Inc                                 74005P104       1098173        10100   SOLE         (None)         10100        0      0
Precision Drilling Corp                     74022D308        141856        20800   SOLE         (None)         20800        0      0
Priceline.com nc                            741503403       5183256         7800   SOLE         (None)          7800        0      0
PRINCIPAL FINCL GRP INC                     74251V102        805261        30700   SOLE         (None)         30700        0      0
Progressive Corp (Ohio)                     743315103       1181061        56700   SOLE         (None)         56700        0      0
Prologis                                    74340W103       2508865        75500   SOLE         (None)         75500        0      0
Protective Life Cp                          743674103        241162         8200   SOLE         (None)          8200        0      0
PRUDENTIAL FINCL INC                        744320102       3244810        67000   SOLE         (None)         67000        0      0
Public Service Electric & Gas               744573106       3168750        97500   SOLE         (None)         97500        0      0
Public Storage Inc                          74460D109       2353883        16300   SOLE         (None)         16300        0      0
Pultegroup Inc                              745867101       5146700       481000   SOLE         (None)        481000        0      0
Qualcomm Inc                                747525103      16431168       295100   SOLE         (None)        295100        0      0
Quality Systems Inc                         747582104       1202187        43700   SOLE         (None)         43700        0      0
Quanta Services Inc                         74762E102       1102406        45800   SOLE         (None)         45800        0      0
Quest Diagnostics Inc                       74834L100       1629280        27200   SOLE         (None)         27200        0      0
Questar Corp Holding Co.                    748356102       1015882        48700   SOLE         (None)         48700        0      0
Questcor Pharm                              74835Y101       4051564        76100   SOLE         (None)         76100        0      0
Quiksilver Inc                              74838C106         44037        18900   SOLE         (None)         18900        0      0
Rackspace Hosting Inc                       750086100        575614        13100   SOLE         (None)         13100        0      0
Radioshack Corp                             750438103        643584       167600   SOLE         (None)        167600        0      0
Rayonier Inc                                754907103        704930        15700   SOLE         (None)         15700        0      0
Raytheon Co                                 755111507       3236948        57200   SOLE         (None)         57200        0      0
Realty Income Corp                          756109104        375930         9000   SOLE         (None)          9000        0      0
Red Hat Inc                                 756577102       1457184        25800   SOLE         (None)         25800        0      0
Regency Centers Corp                        758849103        266392         5600   SOLE         (None)          5600        0      0
Regeneron Pharmaceuticals Cp                75886F107        856650         7500   SOLE         (None)          7500        0      0
REGIONS FINANCIAL CP                        7591EP100       4988250       739000   SOLE         (None)        739000        0      0
Reliance Steel & Aluminum                   759509102        202000         4000   SOLE         (None)          4000        0      0
Republic Service Inc                        760759100        846720        32000   SOLE         (None)         32000        0      0
Reynolds Amercan                            761713106       4383799        97700   SOLE         (None)         97700        0      0
Rock-Tenn Co cl A                           772739207        223655         4100   SOLE         (None)          4100        0      0
Rovi Corp                                   779376102        988848        50400   SOLE         (None)         50400        0      0
ROYAL DUTCH SH A                            780259206        984478        14600   SOLE         (None)         14600        0      0
Royal Dutch Shell B                         780259107        587412         8400   SOLE         (None)          8400        0      0
Royal Gold Inc                              780287108       3567200        45500   SOLE         (None)         45500        0      0
Ryder System Inc                            783549108        810225        22500   SOLE         (None)         22500        0      0
Ryland Group Inc                            783764103        219988         8600   SOLE         (None)          8600        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Safeway Inc                                 786514208       1495560        82400   SOLE         (None)         82400        0      0
SALESFORCE.COM INC                          79466L302       3954236        28600   SOLE         (None)         28600        0      0
SALIX PHARMACEUTICALS LTD                   795435106        386524         7100   SOLE         (None)          7100        0      0
Sanofi                                      80105N105       3683550        97500   SOLE         (None)         97500        0      0
Sap Ag                                      803054204        522368         8800   SOLE         (None)          8800        0      0
SBA Commun Cp                               78388J106       1939700        34000   SOLE         (None)         34000        0      0
Schein (Henry) Inc                          806407102        792749        10100   SOLE         (None)         10100        0      0
Seagate Tech                                G7945M107       4745687       191900   SOLE         (None)        191900        0      0
SEATTLE GENETICS INC                        812578102       1180635        46500   SOLE         (None)         46500        0      0
SELECT COMFORT CORP                         81616X103       1479044        70700   SOLE         (None)         70700        0      0
SENIOR HOUSING PROP TR SBI                  81721M109        823608        36900   SOLE         (None)         36900        0      0
Service Corp Intl                           817565104        223897        18100   SOLE         (None)         18100        0      0
Sigma Aldrich Cp                            826552101        761479        10300   SOLE         (None)         10300        0      0
Silver Standard Resources Inc               82823L106        204568        18200   SOLE         (None)         18200        0      0
Simon Property Group Inc. Paired Ctf        828806109       4420744        28400   SOLE         (None)         28400        0      0
Sirius XM Radio                             82967N108         88245        47700   SOLE         (None)         47700        0      0
Skechers USA Inc                            830566105        804615        39500   SOLE         (None)         39500        0      0
SL Green Realty Corp                        78440X101        473416         5900   SOLE         (None)          5900        0      0
Sm Energy Co                                78454L100       1650096        33600   SOLE         (None)         33600        0      0
Smithfield Foods Inc                        832248108       1135575        52500   SOLE         (None)         52500        0      0
Southern Co                                 842587107       2282590        49300   SOLE         (None)         49300        0      0
Southern Copper                             84265V105        308798         9800   SOLE         (None)          9800        0      0
SPDR S^P BNK                                78464A797       1531780        69500   SOLE         (None)         69500        0      0
SPDR S^P HM BLDR                            78464A888      24541825      1149500   SOLE         (None)       1149500        0      0
SPDR S^P O^G EXP                            78464A730       2076480        41200   SOLE         (None)         41200        0      0
SPDR S^P RETAIL                             78464A714       9684851       163900   SOLE         (None)        163900        0      0
SPDR S^P RGL BK                             78464A698       6549296       239200   SOLE         (None)        239200        0      0
SPECTRA ENERGY CORP                         847560109       1022912        35200   SOLE         (None)         35200        0      0
SPX Cp                                      784635104        849160        13000   SOLE         (None)         13000        0      0
St Jude Medical Inc                         790849103        319280         8000   SOLE         (None)          8000        0      0
Standard Pacific Corp                       85375C101        473535        76500   SOLE         (None)         76500        0      0
Stanley Blk^Dckr                            854502101       5251776        81600   SOLE         (None)         81600        0      0
Starbucks Corp                              855244109       1903524        35700   SOLE         (None)         35700        0      0
State Street Corp                           857477103       6280848       140700   SOLE         (None)        140700        0      0
Stone Energy Corp                           861642106        311682        12300   SOLE         (None)         12300        0      0
Stratasys                                   862685104        504900        10200   SOLE         (None)         10200        0      0
Stryker Corp                                863667101       3829450        69500   SOLE         (None)         69500        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
SunTrust Bank Inc                           867914103       3222590       133000   SOLE         (None)        133000        0      0
Superior Energy Services                    868157108        269059        13300   SOLE         (None)         13300        0      0
SVB Financial                               78486Q101        651792        11100   SOLE         (None)         11100        0      0
Synovus Financial Cp                        87161C105        237402       119900   SOLE         (None)        119900        0      0
Sysco Corp                                  871829107       1720037        57700   SOLE         (None)         57700        0      0
T Rowe Price Group Inc                      74144T108       2329520        37000   SOLE         (None)         37000        0      0
Taiwan Semiconductor Mnf Ltd                874039100       1167056        83600   SOLE         (None)         83600        0      0
Take-Two Interactive Software Inc           874054109        904376        95600   SOLE         (None)         95600        0      0
Talisman Energy Inc                         87425E103        951180        83000   SOLE         (None)         83000        0      0
TATA MOTORS LTD ADS                         876568502        206424         9400   SOLE         (None)          9400        0      0
Taubman Centers Inc                         876664103        424380         5500   SOLE         (None)          5500        0      0
TCF Financial                               872275102        160720        14000   SOLE         (None)         14000        0      0
Technology Select Sector SPDR Fund          81369Y803      23288538       810600   SOLE         (None)        810600        0      0
Teco Energy                                 872375100        776580        43000   SOLE         (None)         43000        0      0
Telefonica ADS                              879382208       1112190        84900   SOLE         (None)         84900        0      0
TEMPUR-PEDIC INTL INC                       88023U101       4088572       174800   SOLE         (None)        174800        0      0
Tenet Healthcare Corp                       88033G100        411340        78500   SOLE         (None)         78500        0      0
Teradata Corp                               88076W103       2520350        35000   SOLE         (None)         35000        0      0
Terex Cp                                    880779103        265667        14900   SOLE         (None)         14900        0      0
Texas Industries Inc                        882491103        218456         5600   SOLE         (None)          5600        0      0
Texas Instruments                           882508104       2125929        74100   SOLE         (None)         74100        0      0
Textron Inc                                 883203101        636672        25600   SOLE         (None)         25600        0      0
The Travelers Co                            89417E109       1149120        18000   SOLE         (None)         18000        0      0
Thermo Fisher Scientific                    883556102        254359         4900   SOLE         (None)          4900        0      0
Time Warner Cable Inc                       88732J207       2832450        34500   SOLE         (None)         34500        0      0
Time Warner Inc                             887317303       4920300       127800   SOLE         (None)        127800        0      0
Timken Co                                   887389104       1547702        33800   SOLE         (None)         33800        0      0
Toll Brothers Inc                           889478103       3725169       125300   SOLE         (None)        125300        0      0
Torchmark Corp                              891027104        697590        13800   SOLE         (None)         13800        0      0
Total Sa                                    89151E109        813595        18100   SOLE         (None)         18100        0      0
Toyota Motor Cp ADR                         892331307        684080         8500   SOLE         (None)          8500        0      0
Trinity Industries Inc                      896522109        259792        10400   SOLE         (None)         10400        0      0
Tw Telecom Inc A                            87311L104        223242         8700   SOLE         (None)          8700        0      0
Tyco International Ltd                      H89128104        221970         4200   SOLE         (None)          4200        0      0
Ultra Real Estate ProShares                 74347X625       1492525        22700   SOLE         (None)         22700        0      0
Unilever Ltd Amer Shr                       904767704        580156        17200   SOLE         (None)         17200        0      0
Union Pacific                               907818108      10224867        85700   SOLE         (None)         85700        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
United Cont Hld                             910047109        861282        35400   SOLE         (None)         35400        0      0
UNITED MICROELECTRONICS CP                  910873405         37107        17100   SOLE         (None)         17100        0      0
United Parcel Service Inc Cl B              911312106      11546216       146600   SOLE         (None)        146600        0      0
United Rentals Inc                          911363109       3962256       116400   SOLE         (None)        116400        0      0
UnitedHealthcare Gp Incorp                  91324P102      10746450       183700   SOLE         (None)        183700        0      0
Universal Hlth Serv Inc Class B             913903100        422968         9800   SOLE         (None)          9800        0      0
URS Cp                                      903236107        334848         9600   SOLE         (None)          9600        0      0
US Bancorp                                  902973304      13037664       405400   SOLE         (None)        405400        0      0
USEC Inc                                    90333E108         97020        98000   SOLE         (None)         98000        0      0
USG Cp                                      903293405       1845945        96900   SOLE         (None)         96900        0      0
Utilities Select Sector SPDR Fund           81369Y886      40026879      1082100   SOLE         (None)       1082100        0      0
Vail Resorts Inc                            91879Q109        350560         7000   SOLE         (None)          7000        0      0
Valmont Ind Inc                             920253101        701626         5800   SOLE         (None)          5800        0      0
Valueclick Inc                              92046N102        798193        48700   SOLE         (None)         48700        0      0
VANGUARD SPEC FDS REIT ETF                  922908553      18405459       281300   SOLE         (None)        281300        0      0
Ventas Inc                                  92276F100       4935984        78200   SOLE         (None)         78200        0      0
Verisign Inc                                92343E102       4600992       105600   SOLE         (None)        105600        0      0
Verizon Comm                                92343V104       2039796        45900   SOLE         (None)         45900        0      0
VISA Inc                                    92826C839      15132312       122400   SOLE         (None)        122400        0      0
Vodafone Gp Plc                             92857W209      14484520       514000   SOLE         (None)        514000        0      0
Wal-Mart Stores Inc                         931142103      21871164       313700   SOLE         (None)        313700        0      0
Washington Post Co                          939640108        523348         1400   SOLE         (None)          1400        0      0
Waste Managemnt                             94106L109       1212420        36300   SOLE         (None)         36300        0      0
Waters Corp                                 941848103        206622         2600   SOLE         (None)          2600        0      0
Watson Pharmaceutical                       942683103        421743         5700   SOLE         (None)          5700        0      0
WEIGHT WATCHERS INTL INC                    948626106       2871892        55700   SOLE         (None)         55700        0      0
WELLCARE HEALTH                             94946T106       1118300        21100   SOLE         (None)         21100        0      0
Wellpoint Inc.                              94973V107       8407522       131800   SOLE         (None)        131800        0      0
Wells Fargo & Co                            949746101      33466752      1000800   SOLE         (None)       1000800        0      0
Wesco Intl inc                              95082P105        851740        14800   SOLE         (None)         14800        0      0
Western Digital Corp                        958102105       1932432        63400   SOLE         (None)         63400        0      0
WESTERN REFINING INC                        959319104       1480955        66500   SOLE         (None)         66500        0      0
WESTLAKE CHEMICAL CP                        960413102       1254240        24000   SOLE         (None)         24000        0      0
Weyerhaeuser Co                             962166104       2703324       120900   SOLE         (None)        120900        0      0
Whirlpool                                   963320106        269104         4400   SOLE         (None)          4400        0      0
Whole Foods Mkt                             966837106       4718340        49500   SOLE         (None)         49500        0      0
Williams Cos                                969457100       3233604       112200   SOLE         (None)        112200        0      0