Stevens Capital Management

Stevens Capital Management as of June 30, 2008

Portfolio Holdings for Stevens Capital Management

Stevens Capital Management holds 0 positions in its portfolio as reported in the June 2008 quarterly 13F filing

                {S} {C}
                                                                  VALUE   SHRS/PRN    SH/     PUT/    INV    OTHER  VOTING AUTHORITY
           NAME OF ISSUER             TITLE OF CLASS     CUSIP   (x$1000)  AMOUNT     PRN     CALL   DISCR  MANAGERS        SOLE
         ------------------            -------------     ------   -----     ----      ----    ----    ----   ------ --------------
1ST INDEPENDENCE FINL GRP IN        COM                32053S107   1213     70972      SH             SOLE          70972
A D C TELECOMMUNICATIONS            COM NEW            000886309   3647    246939      SH             SOLE          246939
AAR CORP                            COM                000361105   714      52753      SH             SOLE          52753
ABB LTD                             SPONSORED ADR      000375204   4231    149397      SH             SOLE          149397
ABERCROMBIE & FITCH CO              CL A               002896207  16486    263017      SH             SOLE          263017
ABINGTON BANCORP INC                COM                00350L109   1109    121617      SH             SOLE          121617
ACADIA RLTY TR                      COM SH BEN INT     004239109   407      17567      SH             SOLE          17567
ACCO BRANDS CORP                    COM                00081T108   211      18753      SH             SOLE          18753
ACERGY S A                          SPONSORED ADR      00443E104   450      20216      SH             SOLE          20216
ACTEL CORP                          COM                004934105   239      14168      SH             SOLE          14168
ACXIOM CORP                         COM                005125109   1082     94203      SH             SOLE          94203
ADAPTEC INC                         COM                00651F108   492     153772      SH             SOLE          153772
ADMINISTAFF INC                     COM                007094105   348      12492      SH             SOLE          12492
ADVENT SOFTWARE INC                 COM                007974108   1253     34742      SH             SOLE          34742
AEROPOSTALE                         COM                007865108   922      29418      SH             SOLE          29418
AETNA INC NEW                       COM                00817Y108   7466    184207      SH             SOLE          184207
AFFILIATED MANAGERS GROUP           COM                008252108   1511     16780      SH             SOLE          16780
AFFYMETRIX INC                      COM                00826T108   1018     98960      SH             SOLE          98960
AGCO CORP                           COM                001084102   1067     20354      SH             SOLE          20354
AGL RES INC                         COM                001204106   2528     73119      SH             SOLE          73119
AIRGAS INC                          COM                009363102   1620     27747      SH             SOLE          27747
AK STL HLDG CORP                    COM                001547108   2347     34021      SH             SOLE          34021
ALBEMARLE CORP                      COM                012653101   1011     25329      SH             SOLE          25329
ALBERTO CULVER CO NEW               COM                013078100   2686    102237      SH             SOLE          102237
ALEXANDER & BALDWIN INC             COM                014482103   1845     40498      SH             SOLE          40498
ALLEGHENY ENERGY INC                COM                017361106   9470    188981      SH             SOLE          188981
ALLEGHENY TECHNOLOGIES INC          COM                01741R102  14749    248800      SH             SOLE          248800
ALLERGAN INC                        COM                018490102  11834    227363      SH             SOLE          227363
ALLIANT ENERGY CORP                 COM                018802108   687      20045      SH             SOLE          20045
ALLIED WASTE INDS INC               COM PAR$.01NEW     019589308   6153    487529      SH             SOLE          487529
ALPHARMA INC                        CL A               020813101   366      16223      SH             SOLE          16223
ALTERA CORP                         COM                021441100   7568    365591      SH             SOLE          365591
ALTRA HOLDINGS INC                  COM                02208R106   990      58879      SH             SOLE          58879
ALTRIA GROUP INC                    COM                02209S103   5927    288281      SH             SOLE          288281
ALUMINUM CORP CHINA LTD             SPON ADR H SHS     022276109   642      22487      SH             SOLE          22487
AMBAC FINL GROUP INC                COM                023139108   929     693349      SH             SOLE          693349
AMCOMP INC                          COM                02342J101   5347    550138      SH             SOLE          550138
AMDOCS LTD                          ORD                G02602103   327      11123      SH             SOLE          11123
AMERICAN AXLE & MFG HLDGS IN        COM                024061103   311      38933      SH             SOLE          38933
AMERICAN CAPITAL STRATEGIES         COM                024937104   6368    267885      SH             SOLE          267885
AMERICAN EAGLE OUTFITTERS NE        COM                02553E106   1433    105161      SH             SOLE          105161
AMERICAN ELEC PWR INC               COM                025537101  13700    340534      SH             SOLE          340534
AMERICAN FINL GROUP INC OHIO        COM                025932104   2428     90760      SH             SOLE          90760
AMERICAN MED SYS HLDGS INC          COM                02744M108   633      42359      SH             SOLE          42359
AMERICAN ORIENTAL BIOENGR IN        COM                028731107   200      20284      SH             SOLE          20284
AMERICREDIT CORP                    COM                03060R101   1686    195621      SH             SOLE          195621
AMERIPRISE FINL INC                 COM                03076C106   9848    242145      SH             SOLE          242145
AMERISTAR CASINOS INC               COM                03070Q101   201      14576      SH             SOLE          14576
AMERN STRATEGIC INCOME PTFL         COM                030099105   224      21500      SH             SOLE          21500
AMETEK INC NEW                      COM                031100100   850      17991      SH             SOLE          17991
AMN HEALTHCARE SERVICES INC         COM                001744101   252      14892      SH             SOLE          14892
AMPHENOL CORP NEW                   CL A               032095101   1306     29107      SH             SOLE          29107
AMSURG CORP                         COM                03232P405   291      11946      SH             SOLE          11946
ANADARKO PETE CORP                  COM                032511107   6235     83317      SH             SOLE          83317
ANALOG DEVICES INC                  COM                032654105  14980    471527      SH             SOLE          471527
ANGELICA CORP                       COM                034663104   1504     70717      SH             SOLE          70717
ANGLO AMERN PLC                     ADR NEW            03485P201   1448     40855      SH             SOLE          40855
ANHEUSER BUSCH COS INC              COM                035229103   6207     99925      SH             SOLE          99925
ANNTAYLOR STORES CORP               COM                036115103   1929     80506      SH             SOLE          80506
ANSOFT CORP                         COM                036384105  13547    372162      SH             SOLE          372162
APACHE CORP                         COM                037411105   3012     21668      SH             SOLE          21668
APOLLO GROUP INC                    CL A               037604105  12829    289857      SH             SOLE          289857
APOLLO INVT CORP                    COM                03761U106   231      16126      SH             SOLE          16126
APPLERA CORP                        COM CELERA GRP     038020202   218      19156      SH             SOLE          19156
APPLERA CORP                        COM AP BIO GRP     038020103   6392    190930      SH             SOLE          190930
APRIA HEALTHCARE GROUP INC          COM                037933108   2641    136192      SH             SOLE          136192
AQUILA INC                          COM                03840P102   8016    2126133     SH             SOLE          2126133
ARCH COAL INC                       COM                039380100   3896     51928      SH             SOLE          51928
ARENA PHARMACEUTICALS INC           COM                040047102   206      39788      SH             SOLE          39788
ARMSTRONG WORLD INDS INC NEW        COM                04247X102   544      18629      SH             SOLE          18629
ARROW ELECTRS INC                   COM                042735100   906      29484      SH             SOLE          29484
ARVINMERITOR INC                    COM                043353101   625      50042      SH             SOLE          50042
ASHFORD HOSPITALITY TR INC          COM SHS            044103109   675     146037      SH             SOLE          146037
ASHLAND INC NEW                     COM                044209104   3711     76987      SH             SOLE          76987
ASML HOLDING N V                    NY REG SHS         N07059186   1266     51879      SH             SOLE          51879
ASSISTED LIVING CONCPT NEV N        CL A               04544X102   291      52968      SH             SOLE          52968
ASSURANT INC                        COM                04621X108   1064     16132      SH             SOLE          16132
ASTORIA FINL CORP                   COM                046265104   435      21654      SH             SOLE          21654
ASTRAZENECA PLC                     SPONSORED ADR      046353108   869      20428      SH             SOLE          20428
AT^T INC                            COM                00206R102   4806    142661      SH             SOLE          142661
AUTODESK INC                        COM                052769106  11978    354266      SH             SOLE          354266
AUTOLIV INC                         COM                052800109   810      17364      SH             SOLE          17364
AUTONATION INC                      COM                05329W102   4346    433739      SH             SOLE          433739
AUTOZONE INC                        COM                053332102  11405     94248      SH             SOLE          94248
AVALONBAY CMNTYS INC                COM                053484101   3746     42014      SH             SOLE          42014
AVERY DENNISON CORP                 COM                053611109   2016     45888      SH             SOLE          45888
AVIS BUDGET GROUP                   COM                053774105   1434    171268      SH             SOLE          171268
AVISTA CORP                         COM                05379B107   1053     49080      SH             SOLE          49080
AVOCENT CORP                        COM                053893103   205      11041      SH             SOLE          11041
AVON PRODS INC                      COM                054303102   9069    251772      SH             SOLE          251772
AXA                                 SPONSORED ADR      054536107   1055     35849      SH             SOLE          35849
AXIS CAPITAL HOLDINGS               SHS                G0692U109   863      28946      SH             SOLE          28946
BAKER HUGHES INC                    COM                057224107  12070    138195      SH             SOLE          138195
BALL CORP                           COM                058498106   1370     28707      SH             SOLE          28707
BANCO BILBAO VIZCAYA ARGENTA        SPONSORED ADR      05946K101   1008     53131      SH             SOLE          53131
BANCO LATINOAMERICANO DE EXP        CL E               P16994132   493      30455      SH             SOLE          30455
BANCO SANTANDER SA                  ADR                05964H105   574      31556      SH             SOLE          31556
BANK NOVA SCOTIA HALIFAX            COM                064149107   704      15356      SH             SOLE          15356
BANK OF AMERICA CORPORATION         COM                060505104  28384    1189116     SH             SOLE          1189116
BANK OF NEW YORK MELLON CORP        COM                064058100  14387    380304      SH             SOLE          380304
BANKFINANCIAL CORP                  COM                06643P104   556      42748      SH             SOLE          42748
BANNER CORP                         COM                06652V109   282      31788      SH             SOLE          31788
BARCLAYS PLC                        ADR                06738E204   672      29044      SH             SOLE          29044
BARNES & NOBLE INC                  COM                067774109   441      17749      SH             SOLE          17749
BARRETT BILL CORP                   COM                06846N104   2602     43799      SH             SOLE          43799
BARRIER THERAPEUTICS INC            COM                06850R108   1588    395000      SH             SOLE          395000
BASIC ENERGY SVCS INC NEW           COM                06985P100   851      27007      SH             SOLE          27007
BE AEROSPACE INC                    COM                073302101   537      23041      SH             SOLE          23041
BECKMAN COULTER INC                 COM                075811109   1241     18379      SH             SOLE          18379
BECTON DICKINSON & CO               COM                075887109   4419     54353      SH             SOLE          54353
BED BATH & BEYOND INC               COM                075896100   6520    232031      SH             SOLE          232031
BELO CORP                           COM SER A          080555105   925     126586      SH             SOLE          126586
BENCHMARK ELECTRS INC               COM                08160H101   325      19918      SH             SOLE          19918
BENEFICIAL MUTUAL BANCORP IN        COM                08173R104   697      63003      SH             SOLE          63003
BERKLEY W R CORP                    COM                084423102   3376    139754      SH             SOLE          139754
BIOGEN IDEC INC                     COM                09062X103   5760    103053      SH             SOLE          103053
BIOTECH HOLDRS TR                   DEPOSTRY RCPTS     09067D201   3336     19700      SH             SOLE          19700
BIOVAIL CORP                        COM                09067J109   452      46868      SH             SOLE          46868
BJ SVCS CO                          COM                055482103   2761     86436      SH             SOLE          86436
BJS WHOLESALE CLUB INC              COM                05548J106   6437    166327      SH             SOLE          166327
BLACK & DECKER CORP                 COM                091797100   2246     39050      SH             SOLE          39050
BLACKROCK INC                       COM                09247X101   3581     20229      SH             SOLE          20229
BLACKROCK REAL ASSET EQUITY         COM                09254B109   635      35100      SH             SOLE          35100
BLOCK H & R INC                     COM                093671105   4394    205304      SH             SOLE          205304
BMC SOFTWARE INC                    COM                055921100   1736     48212      SH             SOLE          48212
BOB EVANS FARMS INC                 COM                096761101   1649     57650      SH             SOLE          57650
BOEING CO                           COM                097023105   9300    141502      SH             SOLE          141502
BOIS D ARC ENERGY INC               COM                09738U103   3318    136471      SH             SOLE          136471
BORGWARNER INC                      COM                099724106   2126     47915      SH             SOLE          47915
BP PLC                              SPONSORED ADR      055622104   5191     74613      SH             SOLE          74613
BRANDYWINE RLTY TR                  SH BEN INT NEW     105368203   2099    133183      SH             SOLE          133183
BRE PROPERTIES INC                  CL A               05564E106   609      14081      SH             SOLE          14081
BRIDGE CAP HLDGS                    COM                108030107   592      49535      SH             SOLE          49535
BRIGGS & STRATTON CORP              COM                109043109   247      19478      SH             SOLE          19478
BRIGHTPOINT INC                     COM NEW            109473405   510      69930      SH             SOLE          69930
BRINKS CO                           COM                109696104   3817     58339      SH             SOLE          58339
BROADRIDGE FINL SOLUTIONS IN        COM                11133T103   476      22614      SH             SOLE          22614
BRONCO DRILLING CO INC              COM                112211107   1780     96848      SH             SOLE          96848
BROOKFIELD ASSET MGMT INC           CL A LTD VT SH     112585104   1981     60873      SH             SOLE          60873
BROOKFIELD PPTYS CORP               COM                112900105   1323     74381      SH             SOLE          74381
BROOKS AUTOMATION INC               COM                114340102   290      35012      SH             SOLE          35012
BROWN & BROWN INC                   COM                115236101   749      43063      SH             SOLE          43063
BT GROUP PLC                        ADR                05577E101   411      10349      SH             SOLE          10349
C H ROBINSON WORLDWIDE INC          COM NEW            12541W209   4683     85389      SH             SOLE          85389
CA INC                              COM                12673P105   4749    205675      SH             SOLE          205675
CABLEVISION SYS CORP                CL A NY CABLVS     12686C109   1207     53423      SH             SOLE          53423
CABOT CORP                          COM                127055101   1032     42455      SH             SOLE          42455
CABOT OIL & GAS CORP                COM                127097103   1599     23604      SH             SOLE          23604
CACI INTL INC                       CL A               127190304   773      16890      SH             SOLE          16890
CADBURY PLC                         SPONS ADR          12721E102   721      14332      SH             SOLE          14332
CADENCE DESIGN SYSTEM INC           COM                127387108   3471    343623      SH             SOLE          343623
CAL DIVE INTL INC DEL               COM                12802T101   1179     82496      SH             SOLE          82496
CALPINE CORP                        COM NEW            131347304   1157     51293      SH             SOLE          51293
CAM COMM SOLUTIONS INC              COM                131916108   855      21532      SH             SOLE          21532
CAMCO FINL CORP                     COM                132618109   415      40923      SH             SOLE          40923
CANADIAN NAT RES LTD                COM                136385101   1208     12049      SH             SOLE          12049
CANADIAN NATL RY CO                 COM                136375102   2363     49146      SH             SOLE          49146
CAPITOL BANCORP LTD                 COM                14056D105   354      39502      SH             SOLE          39502
CARDIOME PHARMA CORP                COM NEW            14159U202   249      28336      SH             SOLE          28336
CAREER EDUCATION CORP               COM                141665109   2924    200112      SH             SOLE          200112
CARNIVAL PLC                        ADR                14365C103   695      21781      SH             SOLE          21781
CARPENTER TECHNOLOGY CORP           COM                144285103   3586     82146      SH             SOLE          82146
CB RICHARD ELLIS GROUP INC          CL A               12497T101   354      18446      SH             SOLE          18446
CBL & ASSOC PPTYS INC               COM                124830100   412      18054      SH             SOLE          18054
CBRL GROUP INC                      COM                12489V106   1525     62223      SH             SOLE          62223
CDN IMPERIAL BK OF COMMERCE         COM                136069101   796      14489      SH             SOLE          14489
CEC ENTMT INC                       COM                125137109   396      14134      SH             SOLE          14134
CELESTICA INC                       SUB VTG SHS        15101Q108   389      46145      SH             SOLE          46145
CENTERPOINT ENERGY INC              COM                15189T107   4584    285627      SH             SOLE          285627
CENTEX CORP                         COM                152312104   1727    129133      SH             SOLE          129133
CENTURYTEL INC                      COM                156700106   4806    135042      SH             SOLE          135042
CENVEO INC                          COM                15670S105   250      25589      SH             SOLE          25589
CF INDS HLDGS INC                   COM                125269100   5514     36088      SH             SOLE          36088
CHAMPION ENTERPRISES INC            COM                158496109   280      47913      SH             SOLE          47913
CHARMING SHOPPES INC                COM                161133103   897     195342      SH             SOLE          195342
CHEESECAKE FACTORY INC              COM                163072101   685      43048      SH             SOLE          43048
CHEVRON CORP NEW                    COM                166764100   9882     99689      SH             SOLE          99689
CHICOS FAS INC                      COM                168615102   1424    265135      SH             SOLE          265135
CHINA SOUTHN AIRLS LTD              SPON ADR CL H      169409109   206      10392      SH             SOLE          10392
CHINA UNICOM LTD                    SPONSORED ADR      16945R104   550      29684      SH             SOLE          29684
CHOICEPOINT INC                     COM                170388102  10921    226582      SH             SOLE          226582
CHUNGHWA TELECOM CO LTD             SPON ADR NEW       17133Q304   1212     47759      SH             SOLE          47759
CIENA CORP                          COM NEW            171779309   4218    182030      SH             SOLE          182030
CIGNA CORP                          COM                125509109   2064     58319      SH             SOLE          58319
CINCINNATI BELL INC NEW             COM                171871106   733     184284      SH             SOLE          184284
CIRCUIT CITY STORE INC              COM                172737108   538     186044      SH             SOLE          186044
CISCO SYS INC                       COM                17275R102   3884    166999      SH             SOLE          166999
CIT GROUP INC                       COM                125581108   1017    149288      SH             SOLE          149288
CLAYMORE EXCHANGE TRADED FD         CLEAR SPIN OFF     18383M605   230      10600      SH             SOLE          10600
CLEAR CHANNEL OUTDOOR HLDGS         CL A               18451C109   521      29236      SH             SOLE          29236
CMS ENERGY CORP                     COM                125896100   2295    154041      SH             SOLE          154041
CNET NETWORKS INC                   COM                12613R104   8810    766758      SH             SOLE          766758
CNH GLOBAL N V                      SHS NEW            N20935206   1170     34428      SH             SOLE          34428
COACH INC                           COM                189754104   3905    135207      SH             SOLE          135207
COCA COLA CO                        COM                191216100   1902     36582      SH             SOLE          36582
COCA COLA ENTERPRISES INC           COM                191219104   3929    227119      SH             SOLE          227119
COCA COLA FEMSA S A B DE C V        SPON ADR REP L     191241108   599      10621      SH             SOLE          10621
COGNEX CORP                         COM                192422103   302      13119      SH             SOLE          13119
COINSTAR INC                        COM                19259P300   445      13604      SH             SOLE          13604
COLDWATER CREEK INC                 COM                193068103   580     109796      SH             SOLE          109796
COLE KENNETH PRODTNS INC            CL A               193294105   263      20733      SH             SOLE          20733
COLGATE PALMOLIVE CO                COM                194162103  15947    230777      SH             SOLE          230777
COLLECTIVE BRANDS INC               COM                19421W100   824      70851      SH             SOLE          70851
COLONIAL BANCGROUP INC              COM                195493309   344      77801      SH             SOLE          77801
COMCAST HOLDINGS CORP               ZONES CV2% PCS     200300507   536      15550      SH             SOLE          15550
COMERICA INC                        COM                200340107   7721    301250      SH             SOLE          301250
COMMUNITY BANCORP NEV               COM                20343T100   207      41398      SH             SOLE          41398
COMMUNITY FINL CORP VA              COM                20365L100   306      39478      SH             SOLE          39478
COMMUNITY HEALTH SYS INC NEW        COM                203668108   4425    134162      SH             SOLE          134162
COMPANHIA ENERGETICA DE MINA        SP ADR N-V PFD     204409601   258      10523      SH             SOLE          10523
COMPANHIA VALE DO RIO DOCE          SPONSORED ADR      204412209   475      13250      SH             SOLE          13250
CONCEPTUS INC                       COM                206016107   691      37368      SH             SOLE          37368
CONSECO INC                         COM NEW            208464883   579      58341      SH             SOLE          58341
CONSOL ENERGY INC                   COM                20854P109  15952    141961      SH             SOLE          141961
CONSOLIDATED EDISON INC             COM                209115104   393      10061      SH             SOLE          10061
CONSTELLATION ENERGY GROUP I        COM                210371100   4073     49609      SH             SOLE          49609
COOPER INDS LTD                     CL A               G24182100   2030     51387      SH             SOLE          51387
CORINTHIAN COLLEGES INC             COM                218868107   789      67923      SH             SOLE          67923
CORN PRODS INTL INC                 COM                219023108   6463    131594      SH             SOLE          131594
CORNING INC                         COM                219350105  17849    774342      SH             SOLE          774342
COUNTRYWIDE FINANCIAL CORP          COM                222372104   224      52741      SH             SOLE          52741
COVIDIEN LTD                        COM                G2552X108   1547     32309      SH             SOLE          32309
COWEN GROUP INC                     COM                223621103   1225    158616      SH             SOLE          158616
CRANE CO                            COM                224399105   1714     44477      SH             SOLE          44477
CREDENCE SYS CORP                   COM                225302108   786     604423      SH             SOLE          604423
CREDIT SUISSE GROUP                 SPONSORED ADR      225401108   2709     59783      SH             SOLE          59783
CSG SYS INTL INC                    COM                126349109   644      58439      SH             SOLE          58439
CSK AUTO CORP                       COM                125965103   5993    571873      SH             SOLE          571873
CSX CORP                            COM                126408103   690      10989      SH             SOLE          10989
CTS CORP                            COM                126501105   203      20219      SH             SOLE          20219
CUBIST PHARMACEUTICALS INC          COM                229678107   419      23444      SH             SOLE          23444
CUMMINS INC                         COM                231021106   4951     75560      SH             SOLE          75560
CYPRESS BIOSCIENCES INC             COM PAR $.02       232674507   230      31986      SH             SOLE          31986
CYTEC INDS INC                      COM                232820100   3132     57410      SH             SOLE          57410
DANA HOLDING CORP                   COM                235825205   848     158472      SH             SOLE          158472
DANVERS BANCORP INC                 COM                236442109   720      65450      SH             SOLE          65450
DARDEN RESTAURANTS INC              COM                237194105   3280    102706      SH             SOLE          102706
DARWIN PROFESSIONAL UNDERWRI        COM                237502109   369      11972      SH             SOLE          11972
DEAN FOODS CO NEW                   COM                242370104   5040    256905      SH             SOLE          256905
DELIA'S INC NEW                     COM                246911101   231     115030      SH             SOLE          115030
DENBURY RES INC                     COM NEW            247916208   1253     34336      SH             SOLE          34336
DENTSPLY INTL INC NEW               COM                249030107   2361     64165      SH             SOLE          64165
DEVON ENERGY CORP NEW               COM                25179M103   1741     14492      SH             SOLE          14492
DICKS SPORTING GOODS INC            COM                253393102   3662    206420      SH             SOLE          206420
DIEBOLD INC                         COM                253651103   6778    190513      SH             SOLE          190513
DINEEQUITY INC                      COM                254423106   622      16650      SH             SOLE          16650
DISCOVER FINL SVCS                  COM                254709108   330      25041      SH             SOLE          25041
DISH NETWORK CORP                   CL A               25470M109   346      11805      SH             SOLE          11805
DISNEY WALT CO                      COM DISNEY         254687106   1681     53884      SH             SOLE          53884
DOLLAR FINL CORP                    COM                256664103   219      14503      SH             SOLE          14503
DOLLAR TREE INC                     COM                256746108   3857    117995      SH             SOLE          117995
DOMTAR CORP                         COM                257559104   385      70578      SH             SOLE          70578
DONALDSON INC                       COM                257651109   1809     40517      SH             SOLE          40517
DONNELLEY R R & SONS CO             COM                257867101   2022     68116      SH             SOLE          68116
DPL INC                             COM                233293109   3497    132545      SH             SOLE          132545
DR PEPPER SNAPPLE GROUP INC         COM                26138E109   1618     77105      SH             SOLE          77105
DRESS BARN INC                      COM                261570105   1232     92050      SH             SOLE          92050
DRS TECHNOLOGIES INC                COM                23330X100   6695     85045      SH             SOLE          85045
DST SYS INC DEL                     COM                233326107   1133     20582      SH             SOLE          20582
DU PONT E I DE NEMOURS & CO         COM                263534109   7475    174289      SH             SOLE          174289
DUKE ENERGY CORP NEW                COM                26441C105  12867    740330      SH             SOLE          740330
DWS GLOBAL COMMODITIES STK F        COM                23338Y100   453      22338      SH             SOLE          22338
DYCOM INDS INC                      COM                267475101   252      17366      SH             SOLE          17366
EAGLE BANCORP INC MD                COM                268948106   313      33856      SH             SOLE          33856
EARTHLINK INC                       COM                270321102   655      75765      SH             SOLE          75765
EASTMAN CHEM CO                     COM                277432100   6420     93233      SH             SOLE          93233
EATON CORP                          COM                278058102   7627     89759      SH             SOLE          89759
EBAY INC                            COM                278642103  13798    504853      SH             SOLE          504853
ECOLAB INC                          COM                278865100   4211     97956      SH             SOLE          97956
EL PASO CORP                        COM                28336L109   2278    104773      SH             SOLE          104773
ELAN PLC                            ADR                284131208   584      16425      SH             SOLE          16425
ELECTRO SCIENTIFIC INDS             COM                285229100   262      18503      SH             SOLE          18503
ELECTRONIC ARTS INC                 COM                285512109  10130    228008      SH             SOLE          228008
ELECTRONIC DATA SYS NEW             COM                285661104   7222    293114      SH             SOLE          293114
EMBRAER-EMPRESA BRASILEIRA D        SP ADR COM SHS     29081M102   266      10046      SH             SOLE          10046
EMCOR GROUP INC                     COM                29084Q100   766      26864      SH             SOLE          26864
EMERGING MKTS TELECOMNC FD N        COM                290890102   311      15200      SH             SOLE          15200
EMERSON ELEC CO                     COM                291011104  10763    217646      SH             SOLE          217646
EMULEX CORP                         COM NEW            292475209   354      30394      SH             SOLE          30394
ENCANA CORP                         COM                292505104   2201     24209      SH             SOLE          24209
ENDO PHARMACEUTICALS HLDGS I        COM                29264F205   2258     93355      SH             SOLE          93355
ENERGEN CORP                        COM                29265N108   5238     67125      SH             SOLE          67125
ENERGIZER HLDGS INC                 COM                29266R108   5280     72240      SH             SOLE          72240
ENERGY EAST CORP                    COM                29266M109   4526    183106      SH             SOLE          183106
ENI S P A                           SPONSORED ADR      26874R108   2711     36518      SH             SOLE          36518
ENSCO INTL INC                      COM                26874Q100   2029     25128      SH             SOLE          25128
ENTERCOM COMMUNICATIONS CORP        CL A               293639100   278      39642      SH             SOLE          39642
ENZON PHARMACEUTICALS INC           COM                293904108   803     112849      SH             SOLE          112849
EOG RES INC                         COM                26875P101   9581     73026      SH             SOLE          73026
EP MEDSYSTEMS INC                   COM                26881P103   3137    1052644     SH             SOLE          1052644
EQUIFAX INC                         COM                294429105   2283     67911      SH             SOLE          67911
EQUITABLE RES INC                   COM                294549100   7574    109673      SH             SOLE          109673
EQUITY LIFESTYLE PPTYS INC          COM                29472R108   778      17691      SH             SOLE          17691
EQUITY ONE                          COM                294752100   872      42447      SH             SOLE          42447
EQUITY RESIDENTIAL                  SH BEN INT         29476L107  12425    324655      SH             SOLE          324655
ESMARK INC                          COM                296475106   7289    381242      SH             SOLE          381242
ESS TECHNOLOGY INC                  COM                269151106   1702    1040803     SH             SOLE          1040803
ESSA BANCORP INC                    COM                29667D104   899      71785      SH             SOLE          71785
ESTERLINE TECHNOLOGIES CORP         COM                297425100   593      12035      SH             SOLE          12035
EUROPEAN EQUITY FUND                COM                298768102   931      92768      SH             SOLE          92768
EV3 INC                             COM                26928A200   349      36855      SH             SOLE          36855
EVEREST RE GROUP LTD                COM                G3223R108   1972     24739      SH             SOLE          24739
EVERGREEN SOLAR INC                 COM                30033R108   1153    119017      SH             SOLE          119017
EXELIXIS INC                        COM                30161Q104   250      50073      SH             SOLE          50073
EXPRESS SCRIPTS INC                 COM                302182100   8800    140303      SH             SOLE          140303
FACTSET RESH SYS INC                COM                303075105   1214     21542      SH             SOLE          21542
FAIRCHILD SEMICONDUCTOR INTL        COM                303726103   2011    171415      SH             SOLE          171415
FAMILY DLR STORES INC               COM                307000109   2044    102530      SH             SOLE          102530
FASTENAL CO                         COM                311900104   2243     51964      SH             SOLE          51964
FEDERAL HOME LN MTG CORP            COM                313400301   3402    207412      SH             SOLE          207412
FEDERAL MOGUL CORP                  CL A               313549404   377      23400      SH             SOLE          23400
FEDERAL REALTY INVT TR              SH BEN INT NEW     313747206   8197    118803      SH             SOLE          118803
FELCOR LODGING TR INC               COM                31430F101   1124    107040      SH             SOLE          107040
FIDELITY NATL INFORMATION SV        COM                31620M106   924      25032      SH             SOLE          25032
FINISH LINE INC                     CL A               317923100   262      30104      SH             SOLE          30104
FIRST AMERN CORP CALIF              COM                318522307   1884     71367      SH             SOLE          71367
FIRST CTZNS BANCSHARES INC N        CL A               31946M103   2449     17558      SH             SOLE          17558
FIRST ST BANCORPORATION             COM                336453105   248      45000      SH             SOLE          45000
FISERV INC                          COM                337738108   6030    132903      SH             SOLE          132903
FMC TECHNOLOGIES INC                COM                30249U101   1535     19947      SH             SOLE          19947
FOMENTO ECONOMICO MEXICANO S        SPON ADR UNITS     344419106   677      14875      SH             SOLE          14875
FOX CHASE BANCORP                   COM                35137P106   262      25501      SH             SOLE          25501
FPL GROUP INC                       COM                302571104   6017     91758      SH             SOLE          91758
FRANCE TELECOM                      SPONSORED ADR      35177Q105   453      15303      SH             SOLE          15303
FURNITURE BRANDS INTL INC           COM                360921100   419      31390      SH             SOLE          31390
GABELLI GLOBAL MULTIMEDIA TR        COM                36239Q109   281      30546      SH             SOLE          30546
GAMESTOP CORP NEW                   CL A               36467W109  14724    364462      SH             SOLE          364462
GANNETT INC                         COM                364730101   5781    266778      SH             SOLE          266778
GARMIN LTD                          ORD                G37260109   677      15792      SH             SOLE          15792
GARTNER INC                         COM                366651107   1086     52400      SH             SOLE          52400
GEN-PROBE INC NEW                   COM                36866T103   2596     54634      SH             SOLE          54634
GENERAL AMERN INVS INC              COM                368802104   585      18091      SH             SOLE          18091
GENERAL MTRS CORP                   COM                370442105   5355    465688      SH             SOLE          465688
GENUINE PARTS CO                    COM                372460105   3857     97194      SH             SOLE          97194
GENWORTH FINL INC                   COM CL A           37247D106   5378    301988      SH             SOLE          301988
GERON CORP                          COM                374163103   264      76431      SH             SOLE          76431
GETTY IMAGES INC                    COM                374276103   3189     93991      SH             SOLE          93991
GETTY RLTY CORP NEW                 COM                374297109   209      14509      SH             SOLE          14509
GILAT SATELLITE NETWORKS LTD        SHS NEW            M51474118   1557    143279      SH             SOLE          143279
GOL LINHAS AEREAS INTLG S A         SP ADR REP PFD     38045R107   221      19627      SH             SOLE          19627
GOODRICH CORP                       COM                382388106   7420    156335      SH             SOLE          156335
GPO AEROPORTUARIO DEL PAC SA        SPON ADR B         400506101   743      25309      SH             SOLE          25309
GRACE W R & CO DEL NEW              COM                38388F108   634      26991      SH             SOLE          26991
GRAINGER W W INC                    COM                384802104   8237    100693      SH             SOLE          100693
GREAT SOUTHN BANCORP INC            COM                390905107   227      27897      SH             SOLE          27897
GREATER COMMUNITY BANCORP           COM                39167M108   887      55850      SH             SOLE          55850
GREENFIELD ONLINE INC               COM                395150105   731      48966      SH             SOLE          48966
GREENLIGHT CAPITAL RE LTD           CLASS A            G4095J109   1026     44902      SH             SOLE          44902
GRUPO TELEVISA SA DE CV             SP ADR REP ORD     40049J206   434      18359      SH             SOLE          18359
GUARANTY BANCORP DEL                COM                40075T102   319      88598      SH             SOLE          88598
GUESS INC                           COM                401617105   4439    118542      SH             SOLE          118542
GYMBOREE CORP                       COM                403777105   653      16294      SH             SOLE          16294
H & Q HEALTHCARE FD                 SH BEN INT         404052102   548      37690      SH             SOLE          37690
HANCOCK JOHN PATRIOT PREM II        COM SH BEN INT     41013T105   731      80998      SH             SOLE          80998
HANESBRANDS INC                     COM                410345102   1469     54132      SH             SOLE          54132
HARSCO CORP                         COM                415864107   1348     24777      SH             SOLE          24777
HAYES LEMMERZ INTL INC              COM NEW            420781304   217      76271      SH             SOLE          76271
HCC INS HLDGS INC                   COM                404132102   1781     84226      SH             SOLE          84226
HEALTH NET INC                      COM                42222G108   293      12179      SH             SOLE          12179
HEALTHSOUTH CORP                    COM NEW            421924309   642      38630      SH             SOLE          38630
HEALTHWAYS INC                      COM                422245100   651      22007      SH             SOLE          22007
HEINZ H J CO                        COM                423074103   8878    185541      SH             SOLE          185541
HELIX ENERGY SOLUTIONS GRP I        COM                42330P107   654      15704      SH             SOLE          15704
HERTZ GLOBAL HOLDINGS INC           COM                42805T105   292      30447      SH             SOLE          30447
HESS CORP                           COM                42809H107   4130     32728      SH             SOLE          32728
HIGHLAND DISTRESSED OPPORT I        COM                430067108   518      90288      SH             SOLE          90288
HIGHWOODS PPTYS INC                 COM                431284108   942      29989      SH             SOLE          29989
HILLENBRAND INC                     COM                431571108   722      33761      SH             SOLE          33761
HILLTOP HOLDINGS INC                COM                432748101   462      44801      SH             SOLE          44801
HLTH CORPORATION                    COM                40422Y101   6487    573078      SH             SOLE          573078
HNI CORP                            COM                404251100   1057     59834      SH             SOLE          59834
HOME FED BANCORP INC MD             COM                43710G105   1085    109992      SH             SOLE          109992
HONEYWELL INTL INC                  COM                438516106  22842    454302      SH             SOLE          454302
HORACE MANN EDUCATORS CORP N        COM                440327104   587      41838      SH             SOLE          41838
HORMEL FOODS CORP                   COM                440452100   1657     47867      SH             SOLE          47867
HORSEHEAD HLDG CORP                 COM                440694305   263      21644      SH             SOLE          21644
HOSPIRA INC                         COM                441060100   1990     49619      SH             SOLE          49619
HOSPITALITY PPTYS TR                COM SH BEN INT     44106M102   1775     72583      SH             SOLE          72583
HOST HOTELS & RESORTS INC           COM                44107P104   3711    271867      SH             SOLE          271867
HOVNANIAN ENTERPRISES INC           CL A               442487203   745     135906      SH             SOLE          135906
HRPT PPTYS TR                       COM SH BEN INT     40426W101   1359    200758      SH             SOLE          200758
HSBC HLDGS PLC                      SPON ADR NEW       404280406   4428     57737      SH             SOLE          57737
HUBBELL INC                         CL B               443510201   1394     34970      SH             SOLE          34970
HUDSON CITY BANCORP                 COM                443683107   8270    495796      SH             SOLE          495796
HUNTINGTON BANCSHARES INC           COM                446150104   3795    657788      SH             SOLE          657788
HUNTSMAN CORP                       COM                447011107   3588    314737      SH             SOLE          314737
IAC INTERACTIVECORP                 COM NEW            44919P300   4772    247510      SH             SOLE          247510
ICONIX BRAND GROUP INC              COM                451055107   261      21642      SH             SOLE          21642
IMS HEALTH INC                      COM                449934108   518      22236      SH             SOLE          22236
INCYTE CORP                         COM                45337C102   201      26454      SH             SOLE          26454
INDUSTRIAL DISTR GROUP INC          COM                456061100   2024    169111      SH             SOLE          169111
INFINEON TECHNOLOGIES AG            SPONSORED ADR      45662N103   841      98577      SH             SOLE          98577
INFORMATICA CORP                    COM                45666Q102   249      16555      SH             SOLE          16555
ING GROEP N V                       SPONSORED ADR      456837103   1603     50806      SH             SOLE          50806
INSIGHTFUL CORP                     COM                45770X100   588     323057      SH             SOLE          323057
INTEGRATED DEVICE TECHNOLOGY        COM                458118106   1380    138879      SH             SOLE          138879
INTEGRYS ENERGY GROUP INC           COM                45822P105   1042     20497      SH             SOLE          20497
INTERCONTINENTALEXCHANGE INC        COM                45865V100   8138     71390      SH             SOLE          71390
INTERNATIONAL GAME TECHNOLOG        COM                459902102   3223    129024      SH             SOLE          129024
INTERNATIONAL SPEEDWAY CORP         CL A               460335201   1181     30250      SH             SOLE          30250
INTEROIL CORP                       COM                460951106   338      11499      SH             SOLE          11499
INTERSIL CORP                       CL A               46069S109   1032     42419      SH             SOLE          42419
INTL PAPER CO                       COM                460146103   4151    178149      SH             SOLE          178149
INVESCO LTD                         SHS                G491BT108   397      16549      SH             SOLE          16549
INVESTMENT TECHNOLOGY GRP NE        COM                46145F105   935      27937      SH             SOLE          27937
INVESTORS BANCORP INC               COM                46146P102   1378    105516      SH             SOLE          105516
IOMAI CORP                          COM                46202P103   6479    998275      SH             SOLE          998275
IONA TECHNOLOGIES PLC               SPONSORED ADR      46206P109   3213    815516      SH             SOLE          815516
IRON MTN INC                        COM                462846106   480      18076      SH             SOLE          18076
ISHARES SILVER TRUST                ISHARES            46428Q109  24871    144153      SH             SOLE          144153
ISHARES TR                          MBS FIXED BDFD     464288588   1317     13000      SH             SOLE          13000
ITC HLDGS CORP                      COM                465685105   1691     33084      SH             SOLE          33084
JABIL CIRCUIT INC                   COM                466313103   2318    141247      SH             SOLE          141247
JACK IN THE BOX INC                 COM                466367109   887      39602      SH             SOLE          39602
JACOBS ENGR GROUP INC DEL           COM                469814107   9937    123141      SH             SOLE          123141
JOHNSON & JOHNSON                   COM                478160104   2835     44067      SH             SOLE          44067
JOURNAL COMMUNICATIONS INC          CL A               481130102   286      59317      SH             SOLE          59317
JUNIPER NETWORKS INC                COM                48203R104   4594    207108      SH             SOLE          207108
KBR INC                             COM                48242W106   2130     61010      SH             SOLE          61010
KEARNY FINL CORP                    COM                487169104   349      31772      SH             SOLE          31772
KELLOGG CO                          COM                487836108  11183    232885      SH             SOLE          232885
KENNAMETAL INC                      COM                489170100   2137     65661      SH             SOLE          65661
KILROY RLTY CORP                    COM                49427F108   2178     46305      SH             SOLE          46305
KINDRED HEALTHCARE INC              COM                494580103   1112     38658      SH             SOLE          38658
KIRBY CORP                          COM                497266106   888      18490      SH             SOLE          18490
KNOLOGY INC                         COM                499183804   220      20019      SH             SOLE          20019
KOREA EQUITY FD INC                 COM                50063B104   981      94200      SH             SOLE          94200
KOREA FD                            COM                500634100   1510     70676      SH             SOLE          70676
KOSAN BIOSCIENCES INC               COM                50064W107   7602    1382094     SH             SOLE          1382094
KRAFT FOODS INC                     CL A               50075N104   6517    229083      SH             SOLE          229083
KROGER CO                           COM                501044101   2179     75459      SH             SOLE          75459
LASALLE HOTEL PPTYS                 COM SH BEN INT     517942108   664      26433      SH             SOLE          26433
LEAR CORP                           COM                521865105   381      26895      SH             SOLE          26895
LEE ENTERPRISES INC                 COM                523768109   250      62723      SH             SOLE          62723
LEGACY BANCORP INC                  CL A               52463G105   650      56368      SH             SOLE          56368
LEGG MASON INC                      COM                524901105   6808    156251      SH             SOLE          156251
LEGGETT & PLATT INC                 COM                524660107   4257    253842      SH             SOLE          253842
LEHMAN BROS HLDGS INC               COM                524908100   621      31362      SH             SOLE          31362
LENNOX INTL INC                     COM                526107107   352      12154      SH             SOLE          12154
LIBERTY ALL STAR EQUITY FD          SH BEN INT         530158104   888     151231      SH             SOLE          151231
LIFE TIME FITNESS INC               COM                53217R207   2609     88304      SH             SOLE          88304
LIFEPOINT HOSPITALS INC             COM                53219L109   1367     48290      SH             SOLE          48290
LIMITED BRANDS INC                  COM                532716107   5670    336511      SH             SOLE          336511
LINCOLN ELEC HLDGS INC              COM                533900106   832      10577      SH             SOLE          10577
LINCOLN NATL CORP IND               COM                534187109   1835     40494      SH             SOLE          40494
LINEAR TECHNOLOGY CORP              COM                535678106   3528    108307      SH             SOLE          108307
LIVE NATION INC                     COM                538034109   901      85192      SH             SOLE          85192
LIZ CLAIBORNE INC                   COM                539320101   2448    173001      SH             SOLE          173001
LOCKHEED MARTIN CORP                COM                539830109   1049     10634      SH             SOLE          10634
LOGITECH INTL S A                   SHS                H50430232   400      14907      SH             SOLE          14907
LONGS DRUG STORES CORP              COM                543162101   448      10631      SH             SOLE          10631
LORAL SPACE & COMMUNICATNS L        COM                543881106   235      13313      SH             SOLE          13313
LOUISIANA PAC CORP                  COM                546347105   1331    156750      SH             SOLE          156750
LSI CORPORATION                     COM                502161102   940     153088      SH             SOLE          153088
LUBRIZOL CORP                       COM                549271104   3230     69719      SH             SOLE          69719
LUNDIN MINING CORP                  COM                550372106   468      77029      SH             SOLE          77029
M/I HOMES INC                       COM                55305B101   208      13219      SH             SOLE          13219
MACERICH CO                         COM                554382101   6974    112251      SH             SOLE          112251
MACK CALI RLTY CORP                 COM                554489104   3637    106424      SH             SOLE          106424
MACQUARIE INFRASTR CO LLC           MEMBERSHIP INT     55608B105   371      14658      SH             SOLE          14658
MACYS INC                           COM                55616P104   1065     54831      SH             SOLE          54831
MAGMA DESIGN AUTOMATION             COM                559181102   214      35176      SH             SOLE          35176
MAGNA INTL INC                      CL A               559222401   1897     32019      SH             SOLE          32019
MANITOWOC INC                       COM                563571108   8315    255596      SH             SOLE          255596
MANPOWER INC                        COM                56418H100   1002     17212      SH             SOLE          17212
MANULIFE FINL CORP                  COM                56501R106   602      17343      SH             SOLE          17343
MARATHON OIL CORP                   COM                565849106   2360     45493      SH             SOLE          45493
MARTEK BIOSCIENCES CORP             COM                572901106   472      14000      SH             SOLE          14000
MARVEL ENTERTAINMENT INC            COM                57383T103   1398     43486      SH             SOLE          43486
MASSBANK CORP READ MASS             COM                576152102   6053    152928      SH             SOLE          152928
MASTEC INC                          COM                576323109   742      69592      SH             SOLE          69592
MATSUSHITA ELEC INDL                ADR                576879209   406      18968      SH             SOLE          18968
MATTEL INC                          COM                577081102   7126    416255      SH             SOLE          416255
MB FINANCIAL INC NEW                COM                55264U108   312      13876      SH             SOLE          13876
MBIA INC                            COM                55262C100   2126    484265      SH             SOLE          484265
MCAFEE INC                          COM                579064106   2539     74600      SH             SOLE          74600
MCDONALDS CORP                      COM                580135101   6701    119192      SH             SOLE          119192
MCKESSON CORP                       COM                58155Q103  14248    254847      SH             SOLE          254847
MDU RES GROUP INC                   COM                552690109   2275     65267      SH             SOLE          65267
MEDAREX INC                         COM                583916101   526      79624      SH             SOLE          79624
MEDCO HEALTH SOLUTIONS INC          COM                58405U102   7970    168851      SH             SOLE          168851
MEDIA GEN INC                       CL A               584404107   451      37734      SH             SOLE          37734
MEDICAL PPTYS TRUST INC             COM                58463J304   570      56297      SH             SOLE          56297
MEDICIS PHARMACEUTICAL CORP         CL A NEW           584690309   621      29898      SH             SOLE          29898
MEMRY CORP                          COM NEW            586263204   995     414467      SH             SOLE          414467
MENTOR GRAPHICS CORP                COM                587200106   6957    440299      SH             SOLE          440299
MERCK & CO INC                      COM                589331107   6651    176469      SH             SOLE          176469
METLIFE INC                         COM                59156R108   6488    122955      SH             SOLE          122955
METROPCS COMMUNICATIONS INC         COM                591708102   221      12470      SH             SOLE          12470
MEXICO EQUITY & INCOME FD           COM                592834105   933      36100      SH             SOLE          36100
MEXICO FD INC                       COM                592835102   2095     59700      SH             SOLE          59700
MFB CORP                            COM                55272D106   738      25200      SH             SOLE          25200
MFS GOVT MKTS INCOME TR             SH BEN INT         552939100   246      35328      SH             SOLE          35328
MGIC INVT CORP WIS                  COM                552848103   1360    222555      SH             SOLE          222555
MGM MIRAGE                          COM                552953101   1947     57445      SH             SOLE          57445
MICROCHIP TECHNOLOGY INC            COM                595017104   3016     98755      SH             SOLE          98755
MICRON TECHNOLOGY INC               COM                595112103   4221    703419      SH             SOLE          703419
MICROSOFT CORP                      COM                594918104   1980     71979      SH             SOLE          71979
MIDCAP SPDR TR                      UNIT SER 1         595635103   1994     13400      SH             SOLE          13400
MILLER HERMAN INC                   COM                600544100   865      34742      SH             SOLE          34742
MITSUBISHI UFJ FINL GROUP IN        SPONSORED ADR      606822104   595      67620      SH             SOLE          67620
MODINE MFG CO                       COM                607828100   298      24078      SH             SOLE          24078
MOHAWK INDS INC                     COM                608190104   2807     43787      SH             SOLE          43787
MOLSON COORS BREWING CO             CL B               60871R209   1653     30426      SH             SOLE          30426
MONSANTO CO NEW                     COM                61166W101  17221    136200      SH             SOLE          136200
MORGAN STANLEY ASIA PAC FD I        COM                61744U106   239      13700      SH             SOLE          13700
MSC INDL DIRECT INC                 CL A               553530106   2475     56108      SH             SOLE          56108
MVC CAPITAL INC                     COM                553829102   346      25254      SH             SOLE          25254
MYLAN INC                           COM                628530107   733      60739      SH             SOLE          60739
NASDAQ OMX GROUP INC                COM                631103108   6292    236988      SH             SOLE          236988
NATIONAL ATLANTIC HLDGS CORP        COM                63253Y107   2473    408735      SH             SOLE          408735
NATIONAL FINL PARTNERS CORP         COM                63607P208   519      26164      SH             SOLE          26164
NATIONAL FUEL GAS CO N J            COM                636180101   2372     39885      SH             SOLE          39885
NATIONAL INSTRS CORP                COM                636518102   288      10153      SH             SOLE          10153
NATIONAL OILWELL VARCO INC          COM                637071101   1692     19074      SH             SOLE          19074
NATIONAL SEMICONDUCTOR CORP         COM                637640103  13458    655231      SH             SOLE          655231
NATIONWIDE FINL SVCS INC            CL A               638612101  15441    321620      SH             SOLE          321620
NATIONWIDE HEALTH PPTYS INC         COM                638620104   6407    203475      SH             SOLE          203475
NAVTEQ CORP                         COM                63936L100  15579    202327      SH             SOLE          202327
NBTY INC                            COM                628782104   970      30260      SH             SOLE          30260
NESS TECHNOLOGIES INC               COM                64104X108   274      27029      SH             SOLE          27029
NET 1 UEPS TECHNOLOGIES INC         COM NEW            64107N206   550      22652      SH             SOLE          22652
NETFLIX INC                         COM                64110L106   1656     63508      SH             SOLE          63508
NEUSTAR INC                         CL A               64126X201   295      13700      SH             SOLE          13700
NEW GERMANY FD INC                  COM                644465106   1083     66353      SH             SOLE          66353
NEW IRELAND FUND INC                COM                645673104   423      24900      SH             SOLE          24900
NEWALLIANCE BANCSHARES INC          COM                650203102   346      27743      SH             SOLE          27743
NEWFIELD EXPL CO                    COM                651290108   4055     62152      SH             SOLE          62152
NEWPORT CORP                        COM                651824104   237      20783      SH             SOLE          20783
NEWS CORP                           CL B               65248E203   6801    443039      SH             SOLE          443039
NEWS CORP                           CL A               65248E104   8210    545866      SH             SOLE          545866
NEXEN INC                           COM                65334H102   528      13284      SH             SOLE          13284
NOBLE CORPORATION                   SHS                G65422100   9938    152979      SH             SOLE          152979
NOBLE INTL LTD                      COM                655053106   202      45123      SH             SOLE          45123
NOKIA CORP                          SPONSORED ADR      654902204   4052    165405      SH             SOLE          165405
NORDSTROM INC                       COM                655664100   4315    142418      SH             SOLE          142418
NORTEL NETWORKS CORP NEW            COM NEW            656568508   752      91488      SH             SOLE          91488
NORTH VALLEY BANCORP                COM                66304M105   399      61347      SH             SOLE          61347
NORTHEAST CMNTY BANCORP INC         COM                664112109   482      42900      SH             SOLE          42900
NORTHEAST UTILS                     COM                664397106   1865     73064      SH             SOLE          73064
NORTHERN TR CORP                    COM                665859104   1424     20765      SH             SOLE          20765
NORTHROP GRUMMAN CORP               COM                666807102   6322     94504      SH             SOLE          94504
NOVAGOLD RES INC                    COM NEW            66987E206   237      31792      SH             SOLE          31792
NOVELL INC                          COM                670006105   398      67554      SH             SOLE          67554
NPS PHARMACEUTICALS INC             COM                62936P103   261      58625      SH             SOLE          58625
NU SKIN ENTERPRISES INC             CL A               67018T105   210      14071      SH             SOLE          14071
NUCOR CORP                          COM                670346105  19881    266254      SH             SOLE          266254
NUTRI SYS INC NEW                   COM                67069D108   410      29009      SH             SOLE          29009
OFFICE DEPOT INC                    COM                676220106   991      90566      SH             SOLE          90566
OIL SVC HOLDRS TR                   DEPOSTRY RCPT      678002106   7060     31800      SH             SOLE          31800
OMEGA HEALTHCARE INVS INC           COM                681936100   242      14525      SH             SOLE          14525
OMNICOM GROUP INC                   COM                681919106   8088    180208      SH             SOLE          180208
ONEBEACON INSURANCE GROUP LT        CL A               G67742109   443      25234      SH             SOLE          25234
ONEOK INC NEW                       COM                682680103   3594     73594      SH             SOLE          73594
OPTIUM CORP                         COM                68402T107   4809    660535      SH             SOLE          660535
ORACLE CORP                         COM                68389X105   4396    209335      SH             SOLE          209335
ORBITAL SCIENCES CORP               COM                685564106   316      13409      SH             SOLE          13409
OWENS ILL INC                       COM NEW            690768403   7493    179729      SH             SOLE          179729
PACKAGING CORP AMER                 COM                695156109   2766    128598      SH             SOLE          128598
PACWEST BANCORP DEL                 COM                695263103   1135     76270      SH             SOLE          76270
PAETEC HOLDING CORP                 COM                695459107   246      38665      SH           SOLE            38665
PALL CORP                           COM                696429307   556      14004      SH           SOLE            14004
PARALLEL PETE CORP DEL              COM                699157103   236      11739      SH           SOLE            11739
PARAMETRIC TECHNOLOGY CORP          COM NEW            699173209   693      41573      SH           SOLE            41573
PARKER HANNIFIN CORP                COM                701094104  14327    200884      SH           SOLE            200884
PATTERSON COMPANIES INC             COM                703395103   331      11255      SH           SOLE            11255
PEDIATRIX MED GROUP                 COM                705324101   717      14572      SH           SOLE            14572
PENN NATL GAMING INC                COM                707569109   1964     61094      SH           SOLE            61094
PEOPLES UNITED FINANCIAL INC        COM                712704105   1491     95561      SH           SOLE            95561
PEPSI BOTTLING GROUP INC            COM                713409100   4986    178598      SH           SOLE            178598
PEPSIAMERICAS INC                   COM                71343P200   950      48050      SH           SOLE            48050
PERRIGO CO                          COM                714290103   4737    149092      SH           SOLE            149092
PETROCHINA CO LTD                   SPONSORED     ADR  71646E100   1794     13922      SH           SOLE            13922
PETSMART INC                        COM                716768106   730      36609      SH           SOLE            36609
PFF BANCORP INC                     COM                69331W104   203     187878      SH           SOLE            187878
PFIZER INC                          COM                717081103  13459    770431      SH           SOLE            770431
PHARMACEUTICAL PROD DEV INC         COM                717124101   3283     76527      SH           SOLE            76527
PHARMERICA CORP                     COM                71714F104   1339     59269      SH           SOLE            59269
PHH CORP                            COM NEW            693320202   973      63363      SH           SOLE            63363
PHILIP MORRIS INTL INC              COM                718172109   1585     32088      SH           SOLE            32088
PHILLIPS VAN HEUSEN CORP            COM                718592108   2612     71325      SH           SOLE            71325
PHOENIX COS INC NEW                 COM                71902E109   311      40813      SH           SOLE            40813
PHOTON DYNAMICS INC                 COM                719364101   4749    314924      SH           SOLE            314924
PHOTRONICS INC                      COM                719405102   245      34769      SH           SOLE            34769
PITNEY BOWES INC                    COM                724479100   5097    149466      SH           SOLE            149466
PLATINUM UNDERWRITER HLDGS L        COM                G7127P100   437      13415      SH           SOLE            13415
PLAYBOY ENTERPRISES INC             CL B               728117300   211      42772      SH           SOLE            42772
PMI GROUP INC                       COM                69344M101   472     242098      SH           SOLE            242098
POLO RALPH LAUREN CORP              CL A               731572103   2115     33697      SH           SOLE            33697
PORTLAND GEN ELEC CO                COM NEW            736508847   1997     88662      SH           SOLE            88662
POST PPTYS INC                      COM                737464107   710      23852      SH           SOLE            23852
PRAXAIR INC                         COM                74005P104   6276     66593      SH           SOLE            66593
PRECISION CASTPARTS CORP            COM                740189105   1137     11796      SH           SOLE            11796
PREMIERWEST BANCORP                 COM                740921101   535      91526      SH           SOLE            91526
PRIDE INTL INC DEL                  COM                74153Q102   2613     55259      SH           SOLE            55259
PRINCIPAL FINANCIAL GROUP IN        COM                74251V102   5896    140472      SH           SOLE            140472
PROCENTURY CORP                     COM                74268T108   1900    119927      SH           SOLE            119927
PROCTER & GAMBLE CO                 COM                742718109  23056    379141      SH           SOLE            379141
PROLOGIS                            SH BEN INT         743410102   2506     46111      SH           SOLE            46111
PROTECTIVE LIFE CORP                COM                743674103   633      16631      SH           SOLE            16631
PROVIDENT BANKSHARES CORP           COM                743859100   418      65541      SH           SOLE            65541
PROVIDENT FINL SVCS INC             COM                74386T105   272      19443      SH           SOLE            19443
PRUDENTIAL FINL INC                 COM                744320102  20447    342262      SH           SOLE            342262
PUBLIC SVC ENTERPRISE GROUP         COM                744573106   1653     35990      SH           SOLE            35990
PUGET ENERGY INC NEW                COM                745310102   2743    114321      SH           SOLE            114321
PUTNAM MASTER INTER INCOME T        SH BEN INT         746909100   234      38808      SH           SOLE            38808
QLOGIC CORP                         COM                747277101   2897    198551      SH           SOLE            198551
QUALCOMM INC                        COM                747525103  16314    367680      SH           SOLE            367680
QUANTA CAPITAL HLDGS LTD            SHS                G7313F106   1089    412485      SH           SOLE            412485
QUEST SOFTWARE INC                  COM                74834T103   580      39183      SH           SOLE            39183
QUESTAR CORP                        COM                748356102   5327     74992      SH           SOLE            74992
QUICKSILVER RESOURCES INC           COM                74837R104   1413     36571      SH           SOLE            36571
QWEST COMMUNICATIONS INTL IN        COM                749121109   7963    2026174     SH           SOLE            2026174
R H DONNELLEY CORP                  COM NEW            74955W307   246      82050      SH           SOLE            82050
RADIAN GROUP INC                    COM                750236101   317     218668      SH           SOLE            218668
RADYNE CORP                         COM NEW            750611402   7151    625654      SH           SOLE            625654
RANGE RES CORP                      COM                75281A109   6463     98614      SH           SOLE            98614
RAYMOND JAMES FINANCIAL INC         COM                754730109   785      29736      SH           SOLE            29736
RAYONIER INC                        COM                754907103   2403     56592      SH           SOLE            56592
RC2 CORP                            COM                749388104   204      10993      SH           SOLE            10993
RCN CORP                            COM NEW            749361200   222      20612      SH           SOLE            20612
RED ROBIN GOURMET BURGERS IN        COM                75689M101   602      21694      SH           SOLE            21694
REGENCY CTRS CORP                   COM                758849103   4828     81672      SH           SOLE            81672
REGENERON PHARMACEUTICALS           COM                75886F107   243      16794      SH           SOLE            16794
REGIONS FINANCIAL CORP NEW          COM                7591EP100   6307    578058      SH           SOLE            578058
REGIS CORP MINN                     COM                758932107   759      28802      SH           SOLE            28802
RELIANT ENERGY INC                  COM                75952B105   3540    166409      SH           SOLE            166409
REPSOL YPF S A                      SPONSORED ADR      76026T205   1361     34658      SH           SOLE            34658
REPUBLIC AWYS HLDGS INC             COM                760276105   344      39754      SH           SOLE            39754
RESEARCH IN MOTION LTD              COM                760975102   2351     20115      SH           SOLE            20115
RETAIL HOLDRS TR                    DEP RCPT           76127U101   7156     80500      SH           SOLE            80500
REYNOLDS AMERICAN INC               COM                761713106   7958    170524      SH           SOLE            170524
RIO TINTO PLC                       SPONSORED ADR      767204100  20058     40522      SH           SOLE            40522
RMR REAL ESTATE FD                  SH BEN INT         74963F106   365      36200      SH           SOLE            36200
ROCKWELL AUTOMATION INC             COM                773903109   5363    122639      SH           SOLE            122639
ROGERS COMMUNICATIONS INC           CL B               775109200   1608     41596      SH           SOLE            41596
ROLLINS INC                         COM                775711104   359      24205      SH           SOLE            24205
ROMA FINANCIAL CORP                 COM                77581P109   305      23298      SH           SOLE            23298
ROSS STORES INC                     COM                778296103   3530     99394      SH           SOLE            99394
ROSTELECOM OPEN JT STK LNG D        SPONSORED ADR      778529107   795      10961      SH           SOLE            10961
ROYAL BK CDA MONTREAL QUE           COM                780087102   936      20951      SH           SOLE            20951
ROYAL BK SCOTLAND GROUP PLC         SP ADR REP SHS     780097721   310      72197      SH           SOLE            72197
RUBY TUESDAY INC                    COM                781182100   791     146538      SH           SOLE            146538
RUDDICK CORP                        COM                781258108   678      19750      SH           SOLE            19750
RURAL CELLULAR CORP                 CL A               781904107   6876    154485      SH           SOLE            154485
SADIA S A                           SPON ADR PFD       786326108   275      12910      SH           SOLE            12910
SAIC INC                            COM                78390X101   1481     71168      SH           SOLE            71168
SALLY BEAUTY HLDGS INC              COM                79546E104   234      36168      SH           SOLE            36168
SANDISK CORP                        COM                80004C101  11008    588659      SH           SOLE            588659
SAP AKTIENGESELLSCHAFT              SPONSORED ADR      803054204   3074     58995      SH           SOLE            58995
SARA LEE CORP                       COM                803111103   7975    651015      SH           SOLE            651015
SASOL LTD                           SPONSORED ADR      803866300   1182     20047      SH           SOLE            20047
SCHEIN HENRY INC                    COM                806407102   2187     42403      SH           SOLE            42403
SCHWAB CHARLES CORP NEW             COM                808513105  11102    540497      SH           SOLE            540497
SCOTTS MIRACLE GRO CO               CL A               810186106   1134     64550      SH           SOLE            64550
SCPIE HLDGS INC                     COM                78402P104   7143    255214      SH           SOLE            255214
SCRIPPS E W CO OHIO                 CL A               811054204   4653    112009      SH           SOLE            112009
SELECT SECTOR SPDR TR               SBI MATERIALS      81369Y100   572      13685      SH           SOLE            13685
SELECT SECTOR SPDR TR               SBI CONS DISCR     81369Y407   1770     62000      SH           SOLE            62000
SELECT SECTOR SPDR TR               SBI INT-ENERGY     81369Y506   7066     80047      SH           SOLE            80047
SELECT SECTOR SPDR TR               SBI INT-FINL       81369Y605   3723    184376      SH           SOLE            184376
SEMICONDUCTOR HLDRS TR              DEP RCPT           816636203   2067     69700      SH           SOLE            69700
SEMTECH CORP                        COM                816850101   840      59691      SH           SOLE            59691
SENIOR HSG PPTYS TR                 SH BEN INT         81721M109   1263     64681      SH           SOLE            64681
SERVICE CORP INTL                   COM                817565104   268      27219      SH           SOLE            27219
SIEMENS A G                         SPONSORED ADR      826197501   2484     22557      SH           SOLE            22557
SIERRA PAC RES NEW                  COM                826428104   1715    134894      SH           SOLE            134894
SIGMA ALDRICH CORP                  COM                826552101   718      13331      SH           SOLE            13331
SILVER STD RES INC                  COM                82823L106   973      33978      SH           SOLE            33978
SIMON PPTY GROUP INC NEW            COM                828806109   9581    106590      SH           SOLE            106590
SINGAPORE FD INC                    COM                82929L109   481      34700      SH           SOLE            34700
SK TELECOM LTD                      SPONSORED ADR      78440P108   422      20316      SH           SOLE            20316
SL GREEN RLTY CORP                  COM                78440X101   3042     36773      SH           SOLE            36773
SLM CORP                            COM                78442P106   2490    128708      SH           SOLE            128708
SMURFIT-STONE CONTAINER CORP        COM                832727101   517     127122      SH           SOLE            127122
SNAP ON INC                         COM                833034101   2744     52761      SH           SOLE            52761
SOLUTIA INC                         COM NEW            834376501   528      41206      SH           SOLE            41206
SONICWALL INC                       COM                835470105   246      38089      SH           SOLE            38089
SONOCO PRODS CO                     COM                835495102   1726     55771      SH           SOLE            55771
SONY CORP                           ADR NEW            835699307   1511     34544      SH           SOLE            34544
SOUTH FINL GROUP INC                COM                837841105   213      54367      SH           SOLE            54367
SOUTHERN UN CO NEW                  COM                844030106   3828    141685      SH           SOLE            141685
SPARTAN MTRS INC                    COM                846819100   233      31181      SH           SOLE            31181
SPEEDWAY MOTORSPORTS INC            COM                847788106   398      19537      SH           SOLE            19537
SPIRIT AEROSYSTEMS HLDGS INC        COM CL A           848574109   249      12979      SH           SOLE            12979
STAGE STORES INC                    COM NEW            85254C305   233      19930      SH           SOLE            19930
STARWOOD HOTELS^RESORTS WRLD        COM                85590A401   4301    107332      SH           SOLE            107332
STATE STR CORP                      COM                857477103   3297     51518      SH           SOLE            51518
STATOILHYDRO ASA                    SPONSORED ADR      85771P102   1757     46996      SH           SOLE            46996
STEEL DYNAMICS INC                  COM                858119100   4867    124577      SH           SOLE            124577
STEINWAY MUSICAL INSTRS INC         COM                858495104   265      10032      SH           SOLE            10032
STELLARONE CORP                     COM                85856G100   483      33087      SH           SOLE            33087
STERICYCLE INC                      COM                858912108   2370     45842      SH           SOLE            45842
STERIS CORP                         COM                859152100   1904     66189      SH           SOLE            66189
STEWART INFORMATION SVCS COR        COM                860372101   227      11722      SH           SOLE            11722
STRATEGIC HOTELS & RESORTS I        COM                86272T106   768      81914      SH           SOLE            81914
STRYKER CORP                        COM                863667101   8705    138442      SH           SOLE            138442
SUN MICROSYSTEMS INC                COM NEW            866810203   225      20671      SH           SOLE            20671
SUNAMERICA FOCUSE ALPHA LC F        COM                867038101   416      26200      SH           SOLE            26200
SUNCOR ENERGY INC                   COM                867229106   6857    117982      SH           SOLE            117982
SUNSTONE HOTEL INVS INC NEW         COM                867892101   337      20273      SH           SOLE            20273
SUPERVALU INC                       COM                868536103   1878     60787      SH           SOLE            60787
SWISS HELVETIA FD INC               COM                870875101   1193     78589      SH           SOLE            78589
SYMANTEC CORP                       COM                871503108   5082    262624      SH           SOLE            262624
TAIWAN SEMICONDUCTOR MFG LTD        SPONSORED ADR      874039100   2270    208084      SH           SOLE            208084
TAKE-TWO INTERACTIVE SOFTWAR        COM                874054109  15992    625438      SH           SOLE            625438
TALISMAN ENERGY INC                 COM                87425E103   2026     91556      SH           SOLE            91556
TANGER FACTORY OUTLET CTRS I        COM                875465106   2208     61459      SH           SOLE            61459
TARGET CORP                         COM                87612E106   8759    188413      SH           SOLE            188413
TAUBMAN CTRS INC                    COM                876664103   3593     73849      SH           SOLE            73849
TAYLOR CAP GROUP INC                COM                876851106   399      53337      SH           SOLE            53337
TCF FINL CORP                       COM                872275102   255      21194      SH           SOLE            21194
TECHNITROL INC                      COM                878555101   238      14003      SH           SOLE            14003
TELEFONICA S A                      SPONSORED ADR      879382208   1369     17203      SH           SOLE            17203
TELEFONOS DE MEXICO S A B           SPON ADR ORD L     879403780   1415     59762      SH           SOLE            59762
TELETECH HOLDINGS INC               COM                879939106   336      16820      SH           SOLE            16820
TELLABS INC                         COM                879664100   357      76818      SH           SOLE            76818
TEMPLE INLAND INC                   COM                879868107   1371    121641      SH           SOLE            121641
TEMPLETON DRAGON FD INC             COM                88018T101   438      17600      SH           SOLE            17600
TEMPUR PEDIC INTL INC               COM                88023U101   451      57705      SH           SOLE            57705
TENNECO INC                         COM                880349105   558      41224      SH           SOLE            41224
TERADATA CORP DEL                   COM                88076W103   1142     49331      SH           SOLE            49331
TERADYNE INC                        COM                880770102   4797    433326      SH           SOLE            433326
TEREX CORP NEW                      COM                880779103   4384     85346      SH           SOLE            85346
TERRA INDS INC                      COM                880915103   1241     25142      SH           SOLE            25142
TETRA TECH INC NEW                  COM                88162G103   316      13979      SH           SOLE            13979
TEXAS INSTRS INC                    COM                882508104  24560    872142      SH           SOLE            872142
TEXAS ROADHOUSE INC                 CL A               882681109   240      26788      SH           SOLE            26788
TEXTRON INC                         COM                883203101   8253    172184      SH           SOLE            172184
TFS FINL CORP                       COM                87240R107   734      63334      SH           SOLE            63334
THERMO FISHER SCIENTIFIC INC        COM                883556102   2224     39913      SH           SOLE            39913
THIRD WAVE TECHNOLOGIES INC         COM                88428W108   6713    601550      SH           SOLE            601550
TIERONE CORP                        COM                88650R108   213      46353      SH           SOLE            46353
TIFFANY & CO NEW                    COM                886547108   1595     39139      SH           SOLE            39139
TIM HORTONS INC                     COM                88706M103   372      12967      SH           SOLE            12967
TIME WARNER CABLE INC               CL A               88732J108   372      14033      SH           SOLE            14033
TIMKEN CO                           COM                887389104   2283     69301      SH           SOLE            69301
TITANIUM METALS CORP                COM NEW            888339207   4338    310084      SH           SOLE            310084
TJX COS INC NEW                     COM                872540109   4896    155562      SH           SOLE            155562
TORCHMARK CORP                      COM                891027104   766      13063      SH           SOLE            13063
TOTAL S A                           SPONSORED ADR      89151E109   2227     26114      SH           SOLE            26114
TOTAL SYS SVCS INC                  COM                891906109   4760    214214      SH           SOLE            214214
TRANSOCEAN INC NEW                  SHS                G90073100   5053     33157      SH           SOLE            33157
TRAVELERS COMPANIES INC             COM                89417E109  14039    323488      SH           SOLE            323488
TRI CONTL CORP                      COM                895436103   260      15708      SH           SOLE            15708
TRICO BANCSHARES                    COM                896095106   277      25324      SH           SOLE            25324
TRIZETTO GROUP INC                  COM                896882107   2704    126457      SH           SOLE            126457
TUMBLEWEED COMMUNICATIONS CO        COM                899690101   5265    2017200     SH           SOLE            2017200
TYCO ELECTRONICS LTD                COM NEW            G9144P105   1171     32693      SH           SOLE            32693
TYCO INTL LTD BERMUDA               SHS                G9143X208   6839    170803      SH           SOLE            170803
TYSON FOODS INC                     CL A               902494103   3478    232773      SH           SOLE            232773
UBS AG                              SHS NEW            H89231338   4638    224498      SH           SOLE            224498
UDR INC                             COM                902653104   4370    195255      SH           SOLE            195255
UNDER ARMOUR INC                    CL A               904311107   2271     88575      SH           SOLE            88575
UNILEVER N V                        N Y SHS NEW        904784709   5264    185344      SH           SOLE            185344
UNION PAC CORP                      COM                907818108   967      12811      SH           SOLE            12811
UNISOURCE ENERGY CORP               COM                909205106   4224    136219      SH           SOLE            136219
UNITED FINANCIAL BANCORP INC        COM                91030T109   957      85650      SH           SOLE            85650
UNITED NAT FOODS INC                COM                911163103   401      20599      SH           SOLE            20599
UNITED ONLINE INC                   COM                911268100   483      48113      SH           SOLE            48113
UNITED STATES CELLULAR CORP         COM                911684108   1727     30532      SH           SOLE            30532
UNITED STATES OIL FUND LP           UNITS              91232N108   9406     82800      SH           SOLE            82800
UNITED TECHNOLOGIES CORP            COM                913017109  25867    419234      SH           SOLE            419234
UNITEDHEALTH GROUP INC              COM                91324P102  10171    387461      SH           SOLE            387461
UNITRIN INC                         COM                913275103   779      28241      SH           SOLE            28241
URS CORP NEW                        COM                903236107   4057     96675      SH           SOLE            96675
US BANCORP DEL                      COM NEW            902973304  10900    390834      SH           SOLE            390834
UTI WORLDWIDE INC                   ORD                G87210103   234      11743      SH           SOLE            11743
VALASSIS COMMUNICATIONS INC         COM                918866104   570      45546      SH           SOLE            45546
VALERO ENERGY CORP NEW              COM                91913Y100   4730    114854      SH           SOLE            114854
VARIAN INC                          COM                922206107   1489     29169      SH           SOLE            29169
VCA ANTECH INC                      COM                918194101   2279     82027      SH           SOLE            82027
VECTREN CORP                        COM                92240G101   1172     37554      SH           SOLE            37554
VENTAS INC                          COM                92276F100   2454     57635      SH           SOLE            57635
VIEWPOINT FINL GROUP                COM                926727108   459      31172      SH           SOLE            31172
VISHAY INTERTECHNOLOGY INC          COM                928298108   656      74011      SH           SOLE            74011
VODAFONE GROUP PLC NEW              SPONS ADR NEW      92857W209   1238     42020      SH           SOLE            42020
VORNADO RLTY TR                     SH BEN INT         929042109   7620     86590      SH           SOLE            86590
VOTORANTIM CELULOSE E PAPEL         SPONSORED ADR      92906P106   438      16385      SH           SOLE            16385
WABCO HLDGS INC                     COM                92927K102   1874     40343      SH           SOLE            40343
WAL MART STORES INC                 COM                931142103  12982    231001      SH           SOLE            231001
WASHINGTON FED INC                  COM                938824109   592      32687      SH           SOLE            32687
WASHINGTON MUT INC                  COM                 939322103  3893    789572      SH           SOLE            789572
WASTE SERVICES INC DEL              COM NEW             941075202  208      29523      SH           SOLE            29523
WATSON WYATT WORLDWIDE INC          CL A                942712100  758      14340      SH           SOLE            14340
WEBSENSE INC                        COM                 947684106  543      32268      SH           SOLE            32268
WEBSTER FINL CORP CONN              COM                 947890109  1389     74700      SH           SOLE            74700
WENDYS INTL INC                     COM                 950590109  1195     43884      SH           SOLE            43884
WESTAR ENERGY INC                   COM                95709T100   2309    107349      SH           SOLE            107349
WESTERN ASSET INFL MGMT FD I        COM                95766U107   722      42799      SH           SOLE            42799
WESTERN UN CO                       COM                 959802109  778      31467      SH           SOLE            31467
WESTFIELD FINANCIAL INC NEW         COM                96008P104   1398    154511      SH           SOLE            154511
WHIRLPOOL CORP                      COM                 963320106  7425    120284      SH           SOLE            120284
WILEY JOHN & SONS INC               CL A                968223206  835      18541      SH           SOLE            18541
WILLIAMS COS INC DEL                COM                 969457100 11817    293161      SH           SOLE            293161
WILLIS GROUP HOLDINGS LTD           SHS                G96655108   2192     69867      SH           SOLE            69867
WILLOW FINANCIAL BANCORP INC        COM                97111W101   4656    571238      SH           SOLE            571238
WILMINGTON TRUST CORP               COM                 971807102  1274     48186      SH           SOLE            48186
WINN DIXIE STORES INC               COM NEW             974280307  1155     72098      SH           SOLE            72098
WISCONSIN ENERGY CORP               COM                 976657106  4330     95762      SH           SOLE            95762
WORTHINGTON INDS INC                COM                 981811102  2313    112851      SH           SOLE            112851
WYNDHAM WORLDWIDE CORP              COM                98310W108   3085    172259      SH           SOLE            172259
XCEL ENERGY INC                     COM                98389B100   1226     61111      SH           SOLE            61111
XL CAP LTD                          CL A               G98255105   5366    261009      SH           SOLE            261009
XM SATELLITE RADIO HLDGS INC        CL A                983759101 10377    1323624     SH           SOLE            1323624
XTO ENERGY INC                      COM                98385X106   8796    128391      SH           SOLE            128391
YRC WORLDWIDE INC                   COM                 984249102  2499    168081      SH           SOLE            168081
ZALE CORP NEW                       COM                 988858106  569      30124      SH           SOLE            30124
ZEBRA TECHNOLOGIES CORP             CL A                989207105  2040     62509      SH           SOLE            62509
ZEP INC                             COM                98944B108   1365     91724      SH           SOLE            91724
ZORAN CORP                          COM                98975F101   456      38944      SH           SOLE            38944
ZWEIG FD                            COM                 989834106  1029    222669      SH           SOLE            222669