Quantitative Investment Management

Quantitative Investment Management as of Sept. 30, 2012

Portfolio Holdings for Quantitative Investment Management

Quantitative Investment Management holds 0 positions in its portfolio as reported in the September 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}
ABB LTD ADS                                 000375204       1510960        80800   SOLE         (None)         80800        0      0
Abbott Laboratories                         002824100       6999976       102100   SOLE         (None)        102100        0      0
Abercrombie & Fitch Co Cl A                 002896207       1278784        37700   SOLE         (None)         37700        0      0
Accenture Plc                               G1151C101       3648563        52100   SOLE         (None)         52100        0      0
ACE Ltd                                     H0023R105        627480         8300   SOLE         (None)          8300        0      0
Actuant Corp                                00508X203        546642        19100   SOLE         (None)         19100        0      0
ACUITY BRANDS INC                           00508Y102        835428        13200   SOLE         (None)         13200        0      0
Adobe Systems Inc                           00724F101       2212408        68200   SOLE         (None)         68200        0      0
ADVANCE AUTO PARTS INC                      00751Y106       2867636        41900   SOLE         (None)         41900        0      0
AEROPOSTALE INC                             007865108       1270467        93900   SOLE         (None)         93900        0      0
Affiliated Managers Group Inc               008252108        442800         3600   SOLE         (None)          3600        0      0
AFLAC Inc                                   001055102       2350908        49100   SOLE         (None)         49100        0      0
AGCO Corp                                   001084102       1785248        37600   SOLE         (None)         37600        0      0
Agilent Technologies Inc                    00846U101       2064765        53700   SOLE         (None)         53700        0      0
Alaska Airlines Inc                         011659109        494346        14100   SOLE         (None)         14100        0      0
Alcoa Inc                                   013817101       7377722       832700   SOLE         (None)        832700        0      0
ALIGN TECHNOLOGY INC                        016255101        709824        19200   SOLE         (None)         19200        0      0
Alkermes PLC                                G01767105        551950        26600   SOLE         (None)         26600        0      0
Allegheny Technologies Inc                  01741R102       1457830        45700   SOLE         (None)         45700        0      0
ALPHA NATURAL RESOURCES INC                 02076X102       9802440      1492000   SOLE         (None)       1492000        0      0
Altera Corp                                 021441100        217600         6400   SOLE         (None)          6400        0      0
Altria Group                                02209S103      10300815       308500   SOLE         (None)        308500        0      0
Amazon.com Inc                              023135106       3382456        13300   SOLE         (None)         13300        0      0
Amdocs Ltd                                  G02602103        511345        15500   SOLE         (None)         15500        0      0
AMERICA MOVIL SA DE CV ADS L                02364W105       1515628        59600   SOLE         (None)         59600        0      0
American Tower Corp Cl A                    03027X100        892375        12500   SOLE         (None)         12500        0      0
Amerisource Bergen Corp                     03073E105       2640022        68200   SOLE         (None)         68200        0      0
Ametek Inc                                  031100100       1698055        47900   SOLE         (None)         47900        0      0
Amgen Co                                    031162100       1711087        20300   SOLE         (None)         20300        0      0
Amphenol Cp                                 032095101        406272         6900   SOLE         (None)          6900        0      0
Anglogold Ashanti Ltd ADS                   035128206       3851995       109900   SOLE         (None)        109900        0      0
Ann Inc                                     035623107       2509045        66500   SOLE         (None)         66500        0      0
Annaly Capital Management Inc               035710409       1751360       104000   SOLE         (None)        104000        0      0
Ansys Inc                                   03662Q105        741340        10100   SOLE         (None)         10100        0      0
Aon Plc                                     G0408V102        245763         4700   SOLE         (None)          4700        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
APOLLO INVT CORP                            03761U106        258464        32800   SOLE         (None)         32800        0      0
Apple Inc                                   037833100     119344190       178900   SOLE         (None)        178900        0      0
Arch Coal Inc                               039380100       1762905       278500   SOLE         (None)        278500        0      0
Ariad Pharmaceuticals                       04033A100       2186163        90300   SOLE         (None)         90300        0      0
Arkansas Best Corp                          040790107        298961        37700   SOLE         (None)         37700        0      0
Ascena Retail Group Inc                     04351G101        439725        20500   SOLE         (None)         20500        0      0
ASSURANT INC                                04621X108        872820        23400   SOLE         (None)         23400        0      0
ASSURED GUARANTY LTD                        G0585R106        947952        69600   SOLE         (None)         69600        0      0
Astoria Financial Corp                      046265104        376428        38100   SOLE         (None)         38100        0      0
AstraZeneca                                 046353108        358950         7500   SOLE         (None)          7500        0      0
Atwood Oceanics Inc                         050095108        354510         7800   SOLE         (None)          7800        0      0
AU OPTRONICS CP ADS                         002255107        148248        42600   SOLE         (None)         42600        0      0
Aurico Gold Inc                             05155C105        952038       136200   SOLE         (None)        136200        0      0
Autodesk Inc                                052769106       1977655        59300   SOLE         (None)         59300        0      0
Autoliv Inc                                 052800109       1016308        16400   SOLE         (None)         16400        0      0
Autozone Inc.                               053332102       7134631        19300   SOLE         (None)         19300        0      0
Avanir Pharm                                05348P401        109120        34100   SOLE         (None)         34100        0      0
Avery Dennison Cp                           053611109        365930        11500   SOLE         (None)         11500        0      0
AXIS CAPITAL HLDGS LTD                      G0692U109       1016172        29100   SOLE         (None)         29100        0      0
Baker Hughes                                057224107       4265189        94300   SOLE         (None)         94300        0      0
Bally Technologies                          05874B107        735911        14900   SOLE         (None)         14900        0      0
BANCO BRADESCO SA ADS                       059460303       3745917       233100   SOLE         (None)        233100        0      0
Bank of America Corp                        060505104      44329249      5020300   SOLE         (None)       5020300        0      0
Barclay Banks                               06738E204       1889094       136200   SOLE         (None)        136200        0      0
Bard (C.R.) Inc                             067383109        648830         6200   SOLE         (None)          6200        0      0
Barrick Gold Corp                           067901108        413424         9900   SOLE         (None)          9900        0      0
BB^T Corp                                   054937107       1667948        50300   SOLE         (None)         50300        0      0
Beazer Homes USA Inc                        07556Q881        647520       182400   SOLE         (None)        182400        0      0
Becton Dickinson Co                         075887109       2160400        27500   SOLE         (None)         27500        0      0
Bemis Co Inc                                081437105        739545        23500   SOLE         (None)         23500        0      0
Berkshire Hathaway Inc Cl B                 084670702       9507960       107800   SOLE         (None)        107800        0      0
Berry Petroleum Co Class A                  085789105        857293        21100   SOLE         (None)         21100        0      0
BHP Billiton ADS                            088606108       4260681        62100   SOLE         (None)         62100        0      0
BHP BILLITON PLC ADS US $.50                05545E209       1948752        31200   SOLE         (None)         31200        0      0
Biogen Idec Inc                             09062X103       1432416         9600   SOLE         (None)          9600        0      0
Biomarin Pharma Inc                         09061G101        942084        23400   SOLE         (None)         23400        0      0
BIOMED REALTY TR INC                        09063H107        383760        20500   SOLE         (None)         20500        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Blackstone Group LP                         09253U108       2040612       142900   SOLE         (None)        142900        0      0
Block (H & R)                               093671105       1856043       107100   SOLE         (None)        107100        0      0
BLUE NILE INC                               09578R103        726964        19600   SOLE         (None)         19600        0      0
Borg Warner Inc                             099724106       2460316        35600   SOLE         (None)         35600        0      0
Bristol Myers Squibb Co                     110122108       2477250        73400   SOLE         (None)         73400        0      0
Brocade Comms                               111621306       1681280       284000   SOLE         (None)        284000        0      0
BUNGE LTD                                   G16962105        750960        11200   SOLE         (None)         11200        0      0
CA Inc                                      12673P105       3314022       128600   SOLE         (None)        128600        0      0
Cablevision Sys Cp Cl A                     12686C109       1729235       109100   SOLE         (None)        109100        0      0
Cabot Corporation                           127055101        457125        12500   SOLE         (None)         12500        0      0
Cadence Design Sys Inc                      127387108        912483        70900   SOLE         (None)         70900        0      0
Camden Property Trust Sbi                   133131102        902860        14000   SOLE         (None)         14000        0      0
Cameron Intl                                13342B105       2898819        51700   SOLE         (None)         51700        0      0
Campbells Soup Co                           134429109        292488         8400   SOLE         (None)          8400        0      0
Canadian Natural Res Ltd                    136385101       2925050        95000   SOLE         (None)         95000        0      0
CAPITALSOURCE INC                           14055X102        358534        47300   SOLE         (None)         47300        0      0
Career Education Corp                       141665109         86104        22900   SOLE         (None)         22900        0      0
CarMax Inc                                  143130102       2207400        78000   SOLE         (None)         78000        0      0
Carnival Corp                               143658300       6517327       178900   SOLE         (None)        178900        0      0
Carpenter Technology                        144285103       1281840        24500   SOLE         (None)         24500        0      0
Carrizo Oil & Gas Inc                       144577103        312625        12500   SOLE         (None)         12500        0      0
Catamaran Corp                              148887102       2792145        28500   SOLE         (None)         28500        0      0
Caterpillar Inc                             149123101       4078296        47400   SOLE         (None)         47400        0      0
Cbre Group Inc A                            12504L109       4226936       229600   SOLE         (None)        229600        0      0
Cemig-Companhia Ener Nv Pr ADR              204409601       4880724       402700   SOLE         (None)        402700        0      0
Centerpoint Energy                          15189T107       2225850       104500   SOLE         (None)        104500        0      0
Central European Media Enterprises Ltd      G20045202        141918        21800   SOLE         (None)         21800        0      0
Century Aluminum Co                         156431108        760392       106200   SOLE         (None)        106200        0      0
CF INDUSTRIES HOLDINGS INC                  125269100       1044528         4700   SOLE         (None)          4700        0      0
Charles Schwab Corp                         808513105       2540094       198600   SOLE         (None)        198600        0      0
CHENIERE ENERGY INC                         16411R208       1115054        71800   SOLE         (None)         71800        0      0
Chicago Bridge & Iron Co                    167250109        259012         6800   SOLE         (None)          6800        0      0
Chicos Fas Inc                              168615102       3283343       181300   SOLE         (None)        181300        0      0
Children's Place Retail Stores Inc          168905107        240000         4000   SOLE         (None)          4000        0      0
CHINA LIFE INSUR CO LTD ADS                 16939P106        281905         6500   SOLE         (None)          6500        0      0
China Mobile Ltd                            16941M109        675392        12200   SOLE         (None)         12200        0      0
CHIPOTLE MEXICAN GRILL INC                  169656105      11971258        37700   SOLE         (None)         37700        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Chubb Corp  (The)                           171232101        663636         8700   SOLE         (None)          8700        0      0
Ciena Corp                                  171779309        888786        65400   SOLE         (None)         65400        0      0
Cigna                                       125509109       2735860        58000   SOLE         (None)         58000        0      0
Cirrus Logic Inc                            172755100       1677643        43700   SOLE         (None)         43700        0      0
Cisco Systems Inc                           17275R102      21903880      1146800   SOLE         (None)       1146800        0      0
Citigroup Inc                               172967424      20780472       635100   SOLE         (None)        635100        0      0
Clean Harbors Inc                           184496107        361490         7400   SOLE         (None)          7400        0      0
Clearwire Corp A                            18538Q105        430676       321400   SOLE         (None)        321400        0      0
Cleveland-Cliffs Inc  Co.                   18683K101      14043757       358900   SOLE         (None)        358900        0      0
CME Group Inc                               12572Q105       8266947       144300   SOLE         (None)        144300        0      0
CMS Energy                                  125896100        873705        37100   SOLE         (None)         37100        0      0
CNOOC LTD ADS                               126132109        810920         4000   SOLE         (None)          4000        0      0
COACH INC                                   189754104       1579764        28200   SOLE         (None)         28200        0      0
Colgate-Palmolive Co                        194162103       4513962        42100   SOLE         (None)         42100        0      0
Commercial Metals Co                        201723103        557040        42200   SOLE         (None)         42200        0      0
Companhia Siderurgica Nacional ADR          20440W105       3981536       707200   SOLE         (None)        707200        0      0
COMPASS MINERALS INTL INC                   20451N101        350573         4700   SOLE         (None)          4700        0      0
Computer Science Corp                       205363104       3224221       100100   SOLE         (None)        100100        0      0
Comstock Resources Inc                      205768203        854670        46500   SOLE         (None)         46500        0      0
ConAgra Foods Inc                           205887102       2254103        81700   SOLE         (None)         81700        0      0
Concho Resources Inc                        20605P101        360050         3800   SOLE         (None)          3800        0      0
Conoco Philips                              20825C104        543210         9500   SOLE         (None)          9500        0      0
Consolidated Edison Inc                     209115104        772581        12900   SOLE         (None)         12900        0      0
Consumer Discretionary Select Sector SPD    81369Y407      25247884       539600   SOLE         (None)        539600        0      0
Continental Resources Inc                   212015101       1307300        17000   SOLE         (None)         17000        0      0
Cooper Cos Inc                              216648402       1379116        14600   SOLE         (None)         14600        0      0
Cooper Tire & Rubber                        216831107       2111718       110100   SOLE         (None)        110100        0      0
CORINTHIAN COLLEGES INC                     218868107         68593        28700   SOLE         (None)         28700        0      0
Corning Inc                                 219350105       3042910       231400   SOLE         (None)        231400        0      0
Corp Office Property Trust Inc              22002T108       1407039        58700   SOLE         (None)         58700        0      0
Correction Cp of Amer                       22025Y407        324465         9700   SOLE         (None)          9700        0      0
Costco Wholesale                            22160K105       1903040        19000   SOLE         (None)         19000        0      0
COVIDIEN PLC                                G2554F113       6102434       102700   SOLE         (None)        102700        0      0
Credicorp Ltd                               G2519Y108        651456         5200   SOLE         (None)          5200        0      0
Credit Suisse Group                         225401108       4416120       208800   SOLE         (None)        208800        0      0
CTRIP.COM INTL LTD ADS                      22943F100        840624        49800   SOLE         (None)         49800        0      0
Cubist Pharmaceuticals                      229678107        486438        10200   SOLE         (None)         10200        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
CVS Caremark Corp                           126650100       8347608       172400   SOLE         (None)        172400        0      0
Danaher Corp                                235851102       1842010        33400   SOLE         (None)         33400        0      0
Darden Restaurants                          237194105       3071825        55100   SOLE         (None)         55100        0      0
Ddr Corp                                    23317H102        651264        42400   SOLE         (None)         42400        0      0
Dean Foods                                  242370104       2544060       155600   SOLE         (None)        155600        0      0
Deere & Co                                  244199105      12370500       150000   SOLE         (None)        150000        0      0
Dell Inc                                    24702R101       6061928       614800   SOLE         (None)        614800        0      0
Delta Air Lines Inc                         247361702       1478424       161400   SOLE         (None)        161400        0      0
Denbury Resources Inc                       247916208        570448        35300   SOLE         (None)         35300        0      0
Deutsche Bank Ag ADR                        D18190898       7501780       189200   SOLE         (None)        189200        0      0
DICK'S SPORTING GOODS INC                   253393102       1062925        20500   SOLE         (None)         20500        0      0
Dillard Inc                                 254067101       1330688        18400   SOLE         (None)         18400        0      0
Directv                                     25490A309       3099204        59100   SOLE         (None)         59100        0      0
Direxion Shs ETF Trust Fincl Bll 3x Shs     25459Y694      29131344       277600   SOLE         (None)        277600        0      0
Direxion Shs ETF TrustEnergy Bull 3x Shs    25459W888       4256430        79500   SOLE         (None)         79500        0      0
Discovery Comm A                            25470F104       3456800        58000   SOLE         (None)         58000        0      0
Discovery Financial Services                254709108        687329        17300   SOLE         (None)         17300        0      0
Dollar Tree Inc                             256746108       1796388        37200   SOLE         (None)         37200        0      0
Dow Chemical Co                             260543103       1566736        54100   SOLE         (None)         54100        0      0
DR Pepper Snapple Group Inc                 26138E109        378505         8500   SOLE         (None)          8500        0      0
DST Systems Inc                             233326107        316736         5600   SOLE         (None)          5600        0      0
DTE Energy Co                               233331107       1576422        26300   SOLE         (None)         26300        0      0
Duke Realty Corp                            264411505       3039960       206800   SOLE         (None)        206800        0      0
Dupont (EI) De Nemour                       263534109       1482965        29500   SOLE         (None)         29500        0      0
Dvt Hlthcr Prtnr                            23918K108        942851         9100   SOLE         (None)          9100        0      0
E*Trade Fincl Cp                            269246401        521840        59300   SOLE         (None)         59300        0      0
Eaton Corp                                  278058102       1956978        41400   SOLE         (None)         41400        0      0
Eaton Vance Cp                              278265103       1036768        35800   SOLE         (None)         35800        0      0
Ecolab Inc                                  278865100       1302681        20100   SOLE         (None)         20100        0      0
Edison Intl                                 281020107       1484925        32500   SOLE         (None)         32500        0      0
ELDORADO GOLD CP                            284902103       1848612       121300   SOLE         (None)        121300        0      0
Emerson Electric Co                         291011104       6772281       140300   SOLE         (None)        140300        0      0
ENERGIZER HOLDINGS INC                      29266R108       1805562        24200   SOLE         (None)         24200        0      0
Energy Select Sector SPDR Fund              81369Y506      24878084       338800   SOLE         (None)        338800        0      0
Energy Xxi                                  G10082140       1496288        42800   SOLE         (None)         42800        0      0
Ensco Plc Adr                               G3157S106       1614976        29600   SOLE         (None)         29600        0      0
Entergy Corp                                29364G103        429660         6200   SOLE         (None)          6200        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
EOG Resourses                               26875P101       2386665        21300   SOLE         (None)         21300        0      0
EQT Corporation                             26884L109        236000         4000   SOLE         (None)          4000        0      0
Everest Re Group Ltd                        G3223R108       1187256        11100   SOLE         (None)         11100        0      0
EXCO RESOURCES INC                          269279402        607158        75800   SOLE         (None)         75800        0      0
EXELIXIS INC                                30161Q104        795501       164700   SOLE         (None)        164700        0      0
F5 Network Inc                              315616102       4855296        46400   SOLE         (None)         46400        0      0
Factset Research Systems                    303075105       3239712        33600   SOLE         (None)         33600        0      0
Family Dollar Stores                        307000109        994500        15000   SOLE         (None)         15000        0      0
Fibria Celse ADR                            31573A109        631384        67600   SOLE         (None)         67600        0      0
FIDELITY NATIONAL FINANCIAL                 31620R105       1311207        61300   SOLE         (None)         61300        0      0
Financial Select Sector SPDR Fund           81369Y605      92199260      5914000   SOLE         (None)       5914000        0      0
Finisar Corp                                31787A507       1636776       114300   SOLE         (None)        114300        0      0
First Hrzn Natl Cp                          320517105       2504763       260100   SOLE         (None)        260100        0      0
First Solar Inc                             336433107       7243050       327000   SOLE         (None)        327000        0      0
Fiserv Inc                                  337738108        340538         4600   SOLE         (None)          4600        0      0
Flowserve Corp                              34354P105       1328496        10400   SOLE         (None)         10400        0      0
FLUOR CP                                    343412102       5329716        94700   SOLE         (None)         94700        0      0
FMC Cp                                      302491303        636870        11500   SOLE         (None)         11500        0      0
Focus Media Hldg                            34415V109       1137240        48600   SOLE         (None)         48600        0      0
Fomento Economico Mexicano Ads              344419106       2639826        28700   SOLE         (None)         28700        0      0
Foot Locker Inc                             344849104        372750        10500   SOLE         (None)         10500        0      0
Ford Motor Co                               345370860       9535606       967100   SOLE         (None)        967100        0      0
Forest Lab Inc                              345838106       2720604        76400   SOLE         (None)         76400        0      0
Fortress Investment Group LLC               34958B106         87516        19800   SOLE         (None)         19800        0      0
Franklin Res Inc                            354613101        325182         2600   SOLE         (None)          2600        0      0
Freeport McMoran Copper & Gold Cl B         35671D857      31537344       796800   SOLE         (None)        796800        0      0
Frontline Ltd                               G3682E127        240000        62500   SOLE         (None)         62500        0      0
GAMESTOP CP                                 36467W109       4510800       214800   SOLE         (None)        214800        0      0
Gannett Co Inc                              364730101       1515850        85400   SOLE         (None)         85400        0      0
Gartner Inc                                 366651107        751267        16300   SOLE         (None)         16300        0      0
GENCO SHIPPING & TRADING                    Y2685T107        147200        40000   SOLE         (None)         40000        0      0
General Cable Corp                          369300108        634608        21600   SOLE         (None)         21600        0      0
General Electric Co                         369604103        322482        14200   SOLE         (None)         14200        0      0
General Growth Properties                   370023103       3703148       190100   SOLE         (None)        190100        0      0
General Mills                               370334104       6615100       166000   SOLE         (None)        166000        0      0
GENWORTH FINCL INC                          37247D106       1236895       236500   SOLE         (None)        236500        0      0
Georgia Gulf Corp                           373200302        760620        21000   SOLE         (None)         21000        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Gerdau SA                                   373737105       1842087       193700   SOLE         (None)        193700        0      0
Gilead Science                              375558103       7773876       117200   SOLE         (None)        117200        0      0
Glaxo Smith Kline Plc ADR                   37733W105       1327088        28700   SOLE         (None)         28700        0      0
Global Payments Inc                         37940X102        343006         8200   SOLE         (None)          8200        0      0
Goldman Sachs Group Inc                     38141G104      24111528       212100   SOLE         (None)        212100        0      0
Goodyear Tire And Rubber                    382550101       1823624       149600   SOLE         (None)        149600        0      0
Grainger (WW)                               384802104       2083700        10000   SOLE         (None)         10000        0      0
Green Mountain Coffee Inc                   393122106       7383140       311000   SOLE         (None)        311000        0      0
Greenbrier Cos                              393657101        309888        19200   SOLE         (None)         19200        0      0
Group 1 Automotive Inc                      398905109        542070         9000   SOLE         (None)          9000        0      0
Halliburton Co                              406216101      19105599       567100   SOLE         (None)        567100        0      0
Harley Davidson Inc                         412822108        821978        19400   SOLE         (None)         19400        0      0
Hartford Financial Services Group Inc       416515104       4074624       209600   SOLE         (None)        209600        0      0
Hasbro                                      418056107       1042041        27300   SOLE         (None)         27300        0      0
HCP Inc                                     40414L109        249088         5600   SOLE         (None)          5600        0      0
HDFC Bank Ltd                               40415F101        270576         7200   SOLE         (None)          7200        0      0
Health Care REIT                            42217K106        733298        12700   SOLE         (None)         12700        0      0
Health Management Associates Inc            421933102       1464055       174500   SOLE         (None)        174500        0      0
Health Net Inc                              42222G108        643786        28600   SOLE         (None)         28600        0      0
Helix Energy Solutions Group                42330P107        378189        20700   SOLE         (None)         20700        0      0
Hertz Global Holdings Inc                   42805T105       1046226        76200   SOLE         (None)         76200        0      0
Hess Corp                                   42809H107        644640        12000   SOLE         (None)         12000        0      0
Hewlett-Packard Co                          428236103       9012798       528300   SOLE         (None)        528300        0      0
Hibbett Sports                              428567101        202130         3400   SOLE         (None)          3400        0      0
Hil-Rom Holdings                            431475102        494020        17000   SOLE         (None)         17000        0      0
HMS Management                              40425J101        864801        25900   SOLE         (None)         25900        0      0
HOMEX DEVELOPMENT CP ADS                    25030W100        358732        26300   SOLE         (None)         26300        0      0
Honeywell International Inc                 438516106        699075        11700   SOLE         (None)         11700        0      0
Horton DR Inc                               23331A109       7963180       386000   SOLE         (None)        386000        0      0
Host Hotel & Resort                         44107P104      10739055       669100   SOLE         (None)        669100        0      0
Hovnanian Enterprises Inc                   442487203       1941752       561200   SOLE         (None)        561200        0      0
HSBC Holdings plc ADS                       404280406       3461270        74500   SOLE         (None)         74500        0      0
Hunt (J.B.) Transport Services Inc.         445658107       1290592        24800   SOLE         (None)         24800        0      0
Huntington Bancshrs Inc                     446150104       2673060       387400   SOLE         (None)        387400        0      0
HUNTSMAN CORPORATION                        447011107       3075580       206000   SOLE         (None)        206000        0      0
ICICI BANK LTD ADS                          45104G104       2320092        57800   SOLE         (None)         57800        0      0
Idenix Pharm                                45166R204        344280        75500   SOLE         (None)         75500        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Illinois Tool Works                         452308109       3823921        64300   SOLE         (None)         64300        0      0
ILLUMINA INC                                452327109       2515518        52200   SOLE         (None)         52200        0      0
Incyte Corp                                 45337C102        429590        23800   SOLE         (None)         23800        0      0
Industrial Select Sector SPDR Fund          81369Y704      10495069       287300   SOLE         (None)        287300        0      0
Informatica Corp                            45666Q102        965345        27700   SOLE         (None)         27700        0      0
ING Groep NV ADS                            456837103       1312107       166300   SOLE         (None)        166300        0      0
Ingram Micro Inc Cl A                       457153104        434055        28500   SOLE         (None)         28500        0      0
Integrated Device Technology                458118106        494841        84300   SOLE         (None)         84300        0      0
Integrys Energy                             45822P105       1169280        22400   SOLE         (None)         22400        0      0
Intel Corp                                  458140100       4223824       186400   SOLE         (None)        186400        0      0
Intermune Inc                               45884X103        494592        55200   SOLE         (None)         55200        0      0
Interpublic Grp Of Co's                     460690100       4119960       370500   SOLE         (None)        370500        0      0
Intl Business Machines                      459200101      28773315       138700   SOLE         (None)        138700        0      0
Intl Flavor/Fragrances                      459506101        309816         5200   SOLE         (None)          5200        0      0
INTUITIVE SURGICAL INC                      46120E602        892134         1800   SOLE         (None)          1800        0      0
INVESCO LTD                                 G491BT108        562275        22500   SOLE         (None)         22500        0      0
Ishares Gold Trs                            464285105      16337420       946000   SOLE         (None)        946000        0      0
ISHARES MSCI EAFE IDX FD                    464287465     171444400      3234800   SOLE         (None)       3234800        0      0
ISHARES MSCI EMERG MKTS IDX FD              464287234     189576577      4586900   SOLE         (None)       4586900        0      0
iShares MSCI Japan Index                    464286848      13362524      1457200   SOLE         (None)       1457200        0      0
iShares MSCI Mexico Investable Market Fu    464286822       3295656        50400   SOLE         (None)         50400        0      0
ISHARES MSCI PAC EX-JAP IDX FD              464286665       3210480        72000   SOLE         (None)         72000        0      0
ISHARES SILVER TRUST                        46428Q109      22451688       670600   SOLE         (None)        670600        0      0
ISHARES TR DJ US FINCL SECT                 464287788       1358623        23300   SOLE         (None)         23300        0      0
ISHARES TR S^P LAT AMER 40 IDX              464287390       1520106        35700   SOLE         (None)         35700        0      0
Ishr Ftse Chin25                            464287184      12206880       352800   SOLE         (None)        352800        0      0
Itau Unibnco Adr                            465562106        377416        24700   SOLE         (None)         24700        0      0
ITT Educational Service                     45068B109        834757        25900   SOLE         (None)         25900        0      0
J A Bank Clothiers                          480838101        479952         9900   SOLE         (None)          9900        0      0
Jabil Circuit Inc                           466313103        980928        52400   SOLE         (None)         52400        0      0
Jacobs Engineering Group                    469814107        836901        20700   SOLE         (None)         20700        0      0
JAMES RIVER COAL CO                         470355207         84096        29200   SOLE         (None)         29200        0      0
Jarden Corp                                 471109108        343460         6500   SOLE         (None)          6500        0      0
Jazz Pharma Plc                             G50871105       5215500        91500   SOLE         (None)         91500        0      0
JDS Uniphase Cp                             46612J507       2365818       191100   SOLE         (None)        191100        0      0
Jefferies Group Inc                         472319102       2157544       157600   SOLE         (None)        157600        0      0
Johnson Controls                            478366107        748020        27300   SOLE         (None)         27300        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Jones Lang Lasalle Inc                      48020Q107       1313220        17200   SOLE         (None)         17200        0      0
Joy Global Inc                              481165108       2219976        39600   SOLE         (None)         39600        0      0
K L A - Tencor Corp                         482480100        300573         6300   SOLE         (None)          6300        0      0
KBR Inc                                     48242W106        459228        15400   SOLE         (None)         15400        0      0
Key Corp                                    493267108        731538        83700   SOLE         (None)         83700        0      0
Kimberly Clark                              494368103       3679962        42900   SOLE         (None)         42900        0      0
Kinross Gold Corp                           496902404        843346        82600   SOLE         (None)         82600        0      0
KKR Financial Hldg                          48248A306        495465        49300   SOLE         (None)         49300        0      0
KNIGHT CAPITAL GROUP INC                    499005106        567892       211900   SOLE         (None)        211900        0      0
Kohls Corp                                  500255104       1613430        31500   SOLE         (None)         31500        0      0
Krispy Kreme Doughnuts Cp                   501014104        102297        12900   SOLE         (None)         12900        0      0
Kroger Co (The)                             501044101       7422162       315300   SOLE         (None)        315300        0      0
L-3 Comm Holdings Inc                       502424104        466115         6500   SOLE         (None)          6500        0      0
Landstar Systems Inc                        515098101        212760         4500   SOLE         (None)          4500        0      0
LAZARD LTD                                  G54050102        493987        16900   SOLE         (None)         16900        0      0
LDK Solar Co Ltd                            50183L107         19838        18200   SOLE         (None)         18200        0      0
Lennar Corporation                          526057104        761463        21900   SOLE         (None)         21900        0      0
Leucadia Natl Corp                          527288104        850850        37400   SOLE         (None)         37400        0      0
Level 3 Communications Inc                  52729N308        845296        36800   SOLE         (None)         36800        0      0
Liberty Global Inc CL A                     530555101        303750         5000   SOLE         (None)          5000        0      0
Liberty Property Trus                       531172104        967608        26700   SOLE         (None)         26700        0      0
Lifepoint Hospitals Inc                     53219L109        209622         4900   SOLE         (None)          4900        0      0
Lilly (Eli) & Co                            532457108        782265        16500   SOLE         (None)         16500        0      0
Lincoln Natl                                534187109       2610101       107900   SOLE         (None)        107900        0      0
Lloyds Bankg Grp                            539439109         94620        38000   SOLE         (None)         38000        0      0
Lockheed Martin Corp                        539830109       1494080        16000   SOLE         (None)         16000        0      0
Loews Corp                                  540424108        953106        23100   SOLE         (None)         23100        0      0
LSI Corp                                    502161102       2224329       321900   SOLE         (None)        321900        0      0
lululemon athletica Inc                     550021109      13116956       177400   SOLE         (None)        177400        0      0
M^T Bank Corp                               55261F104        418704         4400   SOLE         (None)          4400        0      0
Macerich Co                                 554382101        526516         9200   SOLE         (None)          9200        0      0
Macys Inc                                   55616P104       7140276       189800   SOLE         (None)        189800        0      0
Magna Intl Inc Class A                      559222401        960372        22200   SOLE         (None)         22200        0      0
Manpower Group                              56418H100        482080        13100   SOLE         (None)         13100        0      0
Manulife Financial Corp                     56501R106        700728        58200   SOLE         (None)         58200        0      0
Market Vectors Russia ETF Trust             57060U506      10810645       375500   SOLE         (None)        375500        0      0
Marriott Int'l Inc Cl A                     571903202       7663600       196000   SOLE         (None)        196000        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Nextera Energy                              65339F101       6343766        90200   SOLE         (None)         90200        0      0
NiSource Inc                                65473P105       1077804        42300   SOLE         (None)         42300        0      0
Noble Drilling Cp                           H5833N103        969638        27100   SOLE         (None)         27100        0      0
Noble Energy Inc                            655044105       1288669        13900   SOLE         (None)         13900        0      0
Nokia Corp ADR Cl A                         654902204        262902       101900   SOLE         (None)        101900        0      0
Nordson Cp                                  655663102        942655        16100   SOLE         (None)         16100        0      0
Nordstrom Inc                               655664100       2571388        46600   SOLE         (None)         46600        0      0
Northeast Utilities                         664397106        818122        21400   SOLE         (None)         21400        0      0
Northern Trust Cp                           665859104        807708        17400   SOLE         (None)         17400        0      0
NOVAGOLD RESOURCES INC                      66987E206        922880       164800   SOLE         (None)        164800        0      0
Nuance Communications                       67020Y100        410685        16500   SOLE         (None)         16500        0      0
Nv Energy Inc                               67073Y106        363802        20200   SOLE         (None)         20200        0      0
NVR Inc                                     62944T105        337800          400   SOLE         (None)           400        0      0
Office Depot Inc                            676220106        294656       115100   SOLE         (None)        115100        0      0
OfficeMax Inc                               67622P101        175725        22500   SOLE         (None)         22500        0      0
OIL STATES INTL INC                         678026105        381408         4800   SOLE         (None)          4800        0      0
Olin Corp                                   680665205        625824        28800   SOLE         (None)         28800        0      0
Omnicare Inc                                681904108       1633957        48100   SOLE         (None)         48100        0      0
Omnicom Group Inc                           681919106       1851004        35900   SOLE         (None)         35900        0      0
OmniVision Technologies Inc                 682128103        543044        38900   SOLE         (None)         38900        0      0
Onyx Pharmaceuticals                        683399109       1216800        14400   SOLE         (None)         14400        0      0
O'reilly Automotive Inc                     67103H107       4440222        53100   SOLE         (None)         53100        0      0
Owen Illinois                               690768403        605948        32300   SOLE         (None)         32300        0      0
Pall Cp                                     696429307       2755466        43400   SOLE         (None)         43400        0      0
Panera Bread Co Cl A                        69840W108       3195643        18700   SOLE         (None)         18700        0      0
Parametric Technology Corp.                 699173209        367913        16900   SOLE         (None)         16900        0      0
Parexel Int'l Corp                          699462107        282992         9200   SOLE         (None)          9200        0      0
Parker Hannifin Corp                        701094104       1679958        20100   SOLE         (None)         20100        0      0
Patterson-UTI Energy Inc                    703481101       2407804       152200   SOLE         (None)        152200        0      0
PEABODY ENERGY CP                           704549104       3773697       169300   SOLE         (None)        169300        0      0
Penney (JC) Co Inc                          708160106       5873322       241800   SOLE         (None)        241800        0      0
Penske Auto Grp                             70959W103        243729         8100   SOLE         (None)          8100        0      0
Pepsico Inc                                 713448108       1847097        26100   SOLE         (None)         26100        0      0
PerkinElmer Inc                             714046109        960722        32600   SOLE         (None)         32600        0      0
Perrigo Co                                  714290103       1394040        12000   SOLE         (None)         12000        0      0
PETROCHINA CO LTD ADR                       71646E100        671632         5200   SOLE         (None)          5200        0      0
Pfizer Inc                                  717081103      24708355       994300   SOLE         (None)        994300        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Pharmacyclics                               716933106        561150         8700   SOLE         (None)          8700        0      0
Philip Morris International Inc             718172109       4200198        46700   SOLE         (None)         46700        0      0
Pier 1 Imports                              720279108        249242        13300   SOLE         (None)         13300        0      0
Pinnacle West Capital Corp                  723484101        359040         6800   SOLE         (None)          6800        0      0
Pioneer Natural Resources Co                723787107       4666680        44700   SOLE         (None)         44700        0      0
Pitney Bowes Inc                            724479100       1827004       132200   SOLE         (None)        132200        0      0
Plains All Amer Pipeline LP                 726503105        943740        10700   SOLE         (None)         10700        0      0
Plum Creek Timber Co                        729251108        999552        22800   SOLE         (None)         22800        0      0
PNC Financial Services Group                693475105       6089150        96500   SOLE         (None)         96500        0      0
Polaris Indus Lp                            731068102       1043223        12900   SOLE         (None)         12900        0      0
Popular Inc                                 733174700        921360        52800   SOLE         (None)         52800        0      0
Power-One Inc                               73930R102        310804        55600   SOLE         (None)         55600        0      0
PowerShares DB Agriculture Fund             73936B408        420563        14300   SOLE         (None)         14300        0      0
PP^L Cp                                     69351T106       1435070        49400   SOLE         (None)         49400        0      0
PPG Industries Inc                          693506107        620136         5400   SOLE         (None)          5400        0      0
Precision Drilling Corp                     74022D308       1108576       141400   SOLE         (None)        141400        0      0
Priceline.com nc                            741503403       6500235        10500   SOLE         (None)         10500        0      0
PRINCIPAL FINCL GRP INC                     74251V102       2206386        81900   SOLE         (None)         81900        0      0
Progressive Corp (Ohio)                     743315103       5315662       256300   SOLE         (None)        256300        0      0
Prologis                                    74340W103       6603155       188500   SOLE         (None)        188500        0      0
PRUDENTIAL FINCL INC                        744320102       2889030        53000   SOLE         (None)         53000        0      0
PVH Corp                                    693656100       1134012        12100   SOLE         (None)         12100        0      0
Qualcomm Inc                                747525103      11038449       176700   SOLE         (None)        176700        0      0
Quality Systems Inc                         747582104        205683        11100   SOLE         (None)         11100        0      0
Quanta Services Inc                         74762E102        321100        13000   SOLE         (None)         13000        0      0
Quest Diagnostics Inc                       74834L100        488411         7700   SOLE         (None)          7700        0      0
Questar Corp Holding Co.                    748356102        347643        17100   SOLE         (None)         17100        0      0
Questcor Pharm                              74835Y101       8972726       485800   SOLE         (None)        485800        0      0
Rackspace Hosting Inc                       750086100       3535815        53500   SOLE         (None)         53500        0      0
Radian Group Inc                            750236101       2877854       663100   SOLE         (None)        663100        0      0
Radioshack Corp                             750438103        108766        45700   SOLE         (None)         45700        0      0
Rambus Inc                                  750917106        141270        25500   SOLE         (None)         25500        0      0
Range Resources Corp                        75281A109       1173816        16800   SOLE         (None)         16800        0      0
Raymond James Financial                     754730109        960230        26200   SOLE         (None)         26200        0      0
Rayonier Inc                                754907103       3337581        68100   SOLE         (None)         68100        0      0
Realty Income Corp                          756109104        887313        21700   SOLE         (None)         21700        0      0
Republic Service Inc                        760759100        536445        19500   SOLE         (None)         19500        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
RF Micro Devices Inc                        749941100        122450        31000   SOLE         (None)         31000        0      0
Rio Tinto                                   767204100       8290548       177300   SOLE         (None)        177300        0      0
Roper Industries Inc                        776696106       1318680        12000   SOLE         (None)         12000        0      0
Ross Stores                                 778296103        232524         3600   SOLE         (None)          3600        0      0
Royal Carribean Cruise Ltd                  V7780T103       2005944        66400   SOLE         (None)         66400        0      0
Ryland Group Inc                            783764103       1596000        53200   SOLE         (None)         53200        0      0
SAIC INC                                    78390X101       1686804       140100   SOLE         (None)        140100        0      0
Saks Inc                                    79377W108        225789        21900   SOLE         (None)         21900        0      0
SALESFORCE.COM INC                          79466L302      10276037        67300   SOLE         (None)         67300        0      0
Sandridge Energy Inc                        80007P307       2602144       372800   SOLE         (None)        372800        0      0
Sap Ag                                      803054204       1890245        26500   SOLE         (None)         26500        0      0
SBA Commun Cp                               78388J106        899470        14300   SOLE         (None)         14300        0      0
Schein (Henry) Inc                          806407102       1259598        15900   SOLE         (None)         15900        0      0
Schlumberger Ltd                            806857108       1258542        17400   SOLE         (None)         17400        0      0
Sealed Air Corp                             81211K100       2643660       171000   SOLE         (None)        171000        0      0
Sears Holding                               812350106        943330        17000   SOLE         (None)         17000        0      0
SEATTLE GENETICS INC                        812578102        210132         7800   SOLE         (None)          7800        0      0
SELECT COMFORT CORP                         81616X103        570693        18100   SOLE         (None)         18100        0      0
Sempra Energy                               816851109       2998785        46500   SOLE         (None)         46500        0      0
Siemens A G ADR New                         826197501       1372055        13700   SOLE         (None)         13700        0      0
Sigma Aldrich Cp                            826552101        467805         6500   SOLE         (None)          6500        0      0
Silver Wheaton                              828336107       3518306        88600   SOLE         (None)         88600        0      0
Sina Corp                                   G81477104       6500340       100500   SOLE         (None)        100500        0      0
Sirius XM Radio                             82967N108       3140634      1212600   SOLE         (None)       1212600        0      0
SLM Corp                                    78442P106       1101972        70100   SOLE         (None)         70100        0      0
Sm Energy Co                                78454L100        817061        15100   SOLE         (None)         15100        0      0
Smuckers J M Co                             832696405       3211476        37200   SOLE         (None)         37200        0      0
Sony Cp ADR                                 835699307       1181700       101000   SOLE         (None)        101000        0      0
Sotheby's Holdings Inc                      835898107        560700        17800   SOLE         (None)         17800        0      0
Southern Co                                 842587107       2110922        45800   SOLE         (None)         45800        0      0
Southern Copper                             84265V105       2793468        81300   SOLE         (None)         81300        0      0
Southwestern Energy                         845467109        643430        18500   SOLE         (None)         18500        0      0
SPDR S^P BNK                                78464A797       5618764       239300   SOLE         (None)        239300        0      0
SPDR S^P MTL^MNG                            78464A755      17246976       396300   SOLE         (None)        396300        0      0
SPDR S^P O^G EXP                            78464A730      23322972       418800   SOLE         (None)        418800        0      0
SPDR S^P RETAIL                             78464A714      30935750       493000   SOLE         (None)        493000        0      0
SPDR S^P RGL BK                             78464A698       3176176       110900   SOLE         (None)        110900        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
St Joe Co                                   790148100        768300        39400   SOLE         (None)         39400        0      0
St Jude Medical Inc                         790849103       7524418       178600   SOLE         (None)        178600        0      0
Stanley Blk^Dckr                            854502101       3499875        45900   SOLE         (None)         45900        0      0
Staples Inc                                 855030102       2117376       183800   SOLE         (None)        183800        0      0
Starbucks Corp                              855244109       4888444        96400   SOLE         (None)         96400        0      0
Starwood Hotels & Resorts                   85590A401       3709440        64000   SOLE         (None)         64000        0      0
State Street Corp                           857477103       2131568        50800   SOLE         (None)         50800        0      0
Stillwater Mining                           86074Q102        211041        17900   SOLE         (None)         17900        0      0
Stone Energy Corp                           861642106        288880        11500   SOLE         (None)         11500        0      0
Stratasys                                   862685104       1370880        25200   SOLE         (None)         25200        0      0
streetTRACKS Gold Shares ETF                78463V107      48197956       280400   SOLE         (None)        280400        0      0
Stryker Corp                                863667101       1680932        30200   SOLE         (None)         30200        0      0
Suncor Energy Inc                           867224107       1064340        32400   SOLE         (None)         32400        0      0
Sunpower Corp                               867652406         59532        13200   SOLE         (None)         13200        0      0
SUNTECH POWER HOLDINGS CO LTD               86800C104         59856        69600   SOLE         (None)         69600        0      0
SunTrust Bank Inc                           867914103       9846441       348300   SOLE         (None)        348300        0      0
Superior Energy Services                    868157108       1077300        52500   SOLE         (None)         52500        0      0
Supervalu Inc                               868536103        461033       191300   SOLE         (None)        191300        0      0
Symantec Cp                                 871503108       8756260       487000   SOLE         (None)        487000        0      0
Synopsys Inc                                871607107        270518         8200   SOLE         (None)          8200        0      0
Synovus Financial Cp                        87161C105        305967       129100   SOLE         (None)        129100        0      0
Taiwan Semiconductor Mnf Ltd                874039100        651784        41200   SOLE         (None)         41200        0      0
Talisman Energy Inc                         87425E103       1586412       119100   SOLE         (None)        119100        0      0
Taseko Mines Ltd                            876511106         57114        17100   SOLE         (None)         17100        0      0
TASER INTL INC                              87651B104         86372        14300   SOLE         (None)         14300        0      0
TATA MOTORS LTD ADS                         876568502       1340496        52200   SOLE         (None)         52200        0      0
TCF Financial                               872275102        795204        66600   SOLE         (None)         66600        0      0
Te Connectivity                             H84989104       1884154        55400   SOLE         (None)         55400        0      0
Teck Recs B                                 878742204       2141015        72700   SOLE         (None)         72700        0      0
Teco Energy                                 872375100        439952        24800   SOLE         (None)         24800        0      0
Tellabs Inc                                 879664100         59657        16900   SOLE         (None)         16900        0      0
Tenet Healthcare Corp                       88033G407        158631        25300   SOLE         (None)         25300        0      0
Teradata Corp                               88076W103       4351157        57700   SOLE         (None)         57700        0      0
Terex Cp                                    880779103       1013842        44900   SOLE         (None)         44900        0      0
Teva Pharm Ind Inc ADR                      881624209       1349966        32600   SOLE         (None)         32600        0      0
Texas Industries Inc                        882491103        414630        10200   SOLE         (None)         10200        0      0
The Jones Group                             48020T101        368082        28600   SOLE         (None)         28600        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
The Travelers Co                            89417E109       4511986        66100   SOLE         (None)         66100        0      0
Thermo Fisher Scientific                    883556102       1929624        32800   SOLE         (None)         32800        0      0
Thompson Creek                              884768102        682860       239600   SOLE         (None)        239600        0      0
Titanium Metal Corp                         888339207        323316        25200   SOLE         (None)         25200        0      0
Toll Brothers Inc                           889478103       1179665        35500   SOLE         (None)         35500        0      0
Tractor Supply Co                           892356106        998789        10100   SOLE         (None)         10100        0      0
Trimble Navigation Ltd                      896239100        433706         9100   SOLE         (None)          9100        0      0
Trinity Industries Inc                      896522109        854145        28500   SOLE         (None)         28500        0      0
TRW AUTOMOTIVE HLDGS CP                     87264S106       2137419        48900   SOLE         (None)         48900        0      0
Tupperware Brands                           899896104        321540         6000   SOLE         (None)          6000        0      0
Tw Telecom Inc A                            87311L104        701821        26900   SOLE         (None)         26900        0      0
Tyco International Ltd                      H89128104       3673778        65300   SOLE         (None)         65300        0      0
UBS Ag Ord                                  H89231338       2287404       187800   SOLE         (None)        187800        0      0
ULTRA PETROLEUM CP                          903914109       1274840        58000   SOLE         (None)         58000        0      0
Ultra Real Estate ProShares                 74347X625        624774         9300   SOLE         (None)          9300        0      0
UNDER ARMOUR INC                            904311107        720207        12900   SOLE         (None)         12900        0      0
Unit Corp                                   909218109        356900         8600   SOLE         (None)          8600        0      0
United Parcel Service Inc Cl B              911312106       5374907        75100   SOLE         (None)         75100        0      0
UnitedHealthcare Gp Incorp                  91324P102       2077875        37500   SOLE         (None)         37500        0      0
Universal Display Corp                      91347P105       1177519        34300   SOLE         (None)         34300        0      0
Universal Hlth Serv Inc Class B             913903100        818567        17900   SOLE         (None)         17900        0      0
Urban Outfitters Inc                        917047102       7004940       186500   SOLE         (None)        186500        0      0
US AIRWAYS GROUP INC                        90341W108       1491596       142600   SOLE         (None)        142600        0      0
USEC Inc                                    90333E108         57798        74100   SOLE         (None)         74100        0      0
USG Cp                                      903293405       1444310        65800   SOLE         (None)         65800        0      0
Utilities Select Sector SPDR Fund           81369Y886      23879118       656200   SOLE         (None)        656200        0      0
Vail Resorts Inc                            91879Q109        461200         8000   SOLE         (None)          8000        0      0
Valassis Communication Inc                  918866104        674037        27300   SOLE         (None)         27300        0      0
Vale S A ADR                                91912E105      29300510      1636900   SOLE         (None)       1636900        0      0
VALE S.A.                                   91912E204       9054976       521600   SOLE         (None)        521600        0      0
VALEANT PHRM INT                            91911K102       2271597        41100   SOLE         (None)         41100        0      0
Valero Energy Corp                          91913Y100       7900992       249400   SOLE         (None)        249400        0      0
Vanguard MSCI Emerging Markets              922042858     104683824      2509200   SOLE         (None)       2509200        0      0
Ventas Inc                                  92276F100       2122725        34100   SOLE         (None)         34100        0      0
Verisign Inc                                92343E102        632970        13000   SOLE         (None)         13000        0      0
Verizon Comm                                92343V104      14208726       311800   SOLE         (None)        311800        0      0
VF Cp                                       918204108       1450176         9100   SOLE         (None)          9100        0      0<br /><br />{S}                                         {C}          {C}          {C}          {C}          {C}        {C}         {C}      {C}
Viacom Inc                                  92553P201      12036314       224600   SOLE         (None)        224600        0      0
Virgin Media Inc                            92769L101       1832866        62300   SOLE         (None)         62300        0      0
VISA Inc                                    92826C839       1624788        12100   SOLE         (None)         12100        0      0
Vishay Intertechnology                      928298108        360761        36700   SOLE         (None)         36700        0      0
VMWARE INC CLASS A                          928563402       5049828        52200   SOLE         (None)         52200        0      0
Vodafone Gp Plc                             92857W209       1071600        37600   SOLE         (None)         37600        0      0
Vulcan Materials Co.                        929160109       3173830        67100   SOLE         (None)         67100        0      0
Wabco Holdings Inc                          92927K102        588234        10200   SOLE         (None)         10200        0      0
Waddell & Reed Financial Inc Cl A           930059100       1327185        40500   SOLE         (None)         40500        0      0
Walter Energy                               93317Q105       2505912        77200   SOLE         (None)         77200        0      0
WARNACO GROUP INC (THE)                     934390402        493050         9500   SOLE         (None)          9500        0      0
Waste Managemnt                             94106L109       3304240       103000   SOLE         (None)        103000        0      0
Waters Corp                                 941848103       1733264        20800   SOLE         (None)         20800        0      0
Weatherford Intl Inc                        H27013103       4242728       334600   SOLE         (None)        334600        0      0
WEBS Australia                              464286103       1855620        78000   SOLE         (None)         78000        0      0
WEBS Hong Kong                              464286871       6866860       377300   SOLE         (None)        377300        0      0
WEBS South Korea                            464286772       6397866       108200   SOLE         (None)        108200        0      0
WEBS Taiwan                                 464286731       2457906       183700   SOLE         (None)        183700        0      0
Webster Financial Cp                        947890109        651750        27500   SOLE         (None)         27500        0      0
WELLCARE HEALTH                             94946T106        746460        13200   SOLE         (None)         13200        0      0
Western Digital Corp                        958102105       8261109       213300   SOLE         (None)        213300        0      0
Western Union                               959802109       5367612       294600   SOLE         (None)        294600        0      0
WHITING PETROLEUM CP                        966387102       2459022        51900   SOLE         (None)         51900        0      0
Williams Sonoma Inc                         969904101       1877519        42700   SOLE         (None)         42700        0      0
Windstream Corp                             97381W104       3039108       301200   SOLE         (None)        301200        0      0
Wisconsin Electric                          976657106        572584        15200   SOLE         (None)         15200        0      0
Worthington Ind Inc                         981811102        931380        43000   SOLE         (None)         43000        0      0
WYNN RESORTS LTD                            983134107       2320344        20100   SOLE         (None)         20100        0      0
Xcel Energy Inc                             98389B100        435047        15700   SOLE         (None)         15700        0      0
XL Group Plc                                G98290102       1473039        61300   SOLE         (None)         61300        0      0
Yahoo! Inc                                  984332106       7536168       471600   SOLE         (None)        471600        0      0
YAMANA GOLD INC                             98462Y100       3346161       175100   SOLE         (None)        175100        0      0
Yingli Green Energy Holding Co Ltd          98584B103         43860        25800   SOLE         (None)         25800        0      0
YUM! Brands                                 988498101       5187788        78200   SOLE         (None)         78200        0      0
ZIMMER HOLDINGS INC                         98956P102       4645494        68700   SOLE         (None)         68700        0      0
Zions Bancorporation                        989701107       1729242        83700   SOLE         (None)         83700        0      0
ZUMIEZ INC                                  989817101        335533        12100   SOLE         (None)         12100        0      0