0000950123-11-043749.txt : 20110503 0000950123-11-043749.hdr.sgml : 20110503 20110503150752 ACCESSION NUMBER: 0000950123-11-043749 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110503 DATE AS OF CHANGE: 20110503 EFFECTIVENESS DATE: 20110503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ICON ADVISERS INC/CO CENTRAL INDEX KEY: 0001058470 IRS NUMBER: 841166639 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-07066 FILM NUMBER: 11804790 BUSINESS ADDRESS: STREET 1: 5299 DTC BOULEVARD STREET 2: SUITE 1200 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: 3037901600 MAIL ADDRESS: STREET 1: 5299 DTC BOULEVARD STREET 2: SUITE 1200 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FORMER COMPANY: FORMER CONFORMED NAME: MERIDIAN INVESTMENT MANAGEMENT CORP/CO DATE OF NAME CHANGE: 19990330 13F-HR 1 d81880e13fvhr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check Here if Amendment [ ]: Amendment Number: _________ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ICON Advisers, Inc. Address: 5299 DTC Boulevard, Suite 1200 Greenwood Village, CO 80111 13F File Number: 28-7066 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Erik L. Jonson Title: Executive Vice President and Chief Financial Officer Phone: 303-790-1600 Signature, Place, and Date of Signing: Greenwood Village, /s/ Erik L. Jonson Colorado May 3, 2011 ------------------------------------- ------------------ ----------------- Report Type (Check only one.): [X] 13F HOLDINGS REPORT (Check if all holdings of this reporting manager are reported in this report. [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Table Information Table Entry Total: 362 Form 13F Information Table Value Total: 1,524,973 List of Other Included Managers: 0 ICON Advisers, Inc. FORM 13F 31-Mar-11
Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other --------------------- Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------ -------- ---------------- -------- ------- --- ---- ------- -------- ------- -------- ---- 3M Co. COM 88579Y101 5460 58400 SH Sole 58400 A. Schulman Inc. COM 808194104 618 25000 SH Sole 25000 ACE Ltd. COM H0023R105 446 6900 SH Sole 6900 AFLAC Inc. COM 001055102 3114 59000 SH Sole 59000 AGL Resources Inc. COM 001204106 550 13800 SH Sole 13800 AMN Healthcare Services Inc. COM 001744101 1606 185500 SH Sole 185500 AT&T Corp. COM 00206R102 2443 79800 SH Sole 79800 Aaron's Inc. COM 002535201 477 18800 SH Sole 18800 Abbott Laboratories COM 002824100 2855 58200 SH Sole 58200 Accenture Plc. COM G1151C101 4952 90085 SH Sole 89875 210 Advance America Cash Advance C COM 00739W107 1044 196900 SH Sole 196900 Aetna Inc. COM 00817Y108 1654 44200 SH Sole 44200 Agrium Inc. COM 008916108 1384 15000 SH Sole 15000 Air Products & Chemicals Inc. COM 009158106 4788 53092 SH Sole 53092 Alcoa Inc. COM 013817101 3179 180000 SH Sole 180000 Alliance Resource Partners L.P COM 01877R108 16897 207500 SH Sole 207500 Alliant Techsystems Inc. COM 018804104 707 10000 SH Sole 10000 Allied World Assurance Co. Hol COM G0219G203 978 15600 SH Sole 15600 Alpha Natural Resources Inc COM 02076X102 14069 236973 SH Sole 236518 455 Altria Group Inc. COM 02209S103 593 22800 SH Sole 22800 Amazon.com Inc. COM 023135106 414 2300 SH Sole 2300 Amdocs Ltd. COM G02602103 1249 43300 SH Sole 43300 American Electric Power Co. In COM 025537101 657 18700 SH Sole 18700 American Express Co. COM 025816109 1315 29100 SH Sole 29100 Ameriprise Financial Inc COM 03076C106 2254 36900 SH Sole 36900 AmerisourceBergen Corp. (Holdi COM 03073E105 356 9000 SH Sole 9000 Amphenol Corp. COM 032095101 952 17500 SH Sole 17500 Amsurg Corp. COM 03232P405 745 29300 SH Sole 29300 Anixter International Inc. COM 035290105 1431 20480 SH Sole 20480 Annaly Capital Management Inc. COM 035710409 887 50810 SH Sole 50810 Anworth Mortgage Asset Corp. COM 037347101 410 57800 SH Sole 57800 Apache Corp. COM 037411105 19481 148800 SH Sole 148800 Apollo Investment Corp. COM 03761U106 1418 117496 SH Sole 117496 Apple Inc. COM 037833100 20577 59043 SH Sole 58983 60 Arch Coal Inc. COM 039380100 4386 121700 SH Sole 121700 Archer-Daniels-Midland Co. COM 039483102 5077 140990 SH Sole 140640 350 Arrow Electronics Inc. COM 042735100 2244 53570 SH Sole 53570 Ashland Inc. COM 044209104 2934 50800 SH Sole 50800 Assurant Inc COM 04621X108 909 23600 SH Sole 23600 Atmos Energy Corp. COM 049560105 334 9800 SH Sole 9800 AutoZone Inc. COM 053332102 1477 5400 SH Sole 5400 Automatic Data Processing Inc. COM 053015103 4125 80400 SH Sole 80400 Avnet Inc. COM 053807103 777 22800 SH Sole 22800 BCE Inc. COM 05534B760 429 11800 SH Sole 11800 Baker Hughes Inc. COM 057224107 5096 69400 SH Sole 69400 Bank of America Corp. COM 060505104 2814 211125 SH Sole 211020 105 Bank of Montreal COM 063671101 455 7000 SH Sole 7000 Bank of New York Mellon Corp. COM 064058100 1042 34900 SH Sole 34900 Becton Dickinson & Co. COM 075887109 1075 13500 SH Sole 13500 Bed Bath & Beyond Inc. COM 075896100 6703 138864 SH Sole 138249 615 Bio-Reference Laboratories Inc COM 09057G602 444 19800 SH Sole 19800 Blackrock Inc. COM 09247X101 683 3400 SH Sole 3400 Boeing Co. COM 097023105 2440 33000 SH Sole 33000 Bristol-Myers Squibb Co. COM 110122108 2950 111600 SH Sole 111600 Buckle Inc. COM 118440106 1248 30900 SH Sole 30900 Bunge Ltd. COM G16962105 723 10000 SH Sole 10000 C.R. Bard Inc. COM 067383109 527 5300 SH Sole 5300 CACI International Inc. (Cl A) COM 127190304 5134 83719 SH Sole 83329 390 CF Industries Holdings Inc. COM 125269100 4336 31700 SH Sole 31700 CIGNA Corp. COM 125509109 2431 54900 SH Sole 54900 CSG Systems International Inc. COM 126349109 514 25800 SH Sole 25800 CSX Corp. COM 126408103 6440 81938 SH Sole 81638 300 CVS Caremark Corporation COM 126650100 951 27720 SH Sole 27720 Cameco Corp. COM 13321L108 2722 90600 SH Sole 90600 Canadian National Railway Co. COM 136375102 953 12658 SH Sole 12658 Canadian Pacific Railway Ltd. COM 13645T100 643 10000 SH Sole 10000 Canadian Solar Inc. COM 136635109 3281 290900 SH Sole 290900 Capital One Financial Corp. COM 14040H105 1128 21700 SH Sole 21700 Cardinal Health Inc. COM 14149Y108 1854 45070 SH Sole 45000 70 Cash America International Inc COM 14754D100 3361 72985 SH Sole 72535 450 Caterpillar Inc. COM 149123101 12736 114374 SH Sole 114089 285 Celgene Corp. COM 151020104 691 12000 SH Sole 12000 Century Aluminum Co. COM 156431108 934 50000 SH Sole 50000 ChevronTexaco Corp. COM 166764100 110641 1029310 SH Sole 1029060 250 Chicago Mercantile Exchange Ho COM 12572Q105 392 1300 SH Sole 1300 Chubb Corp. COM 171232101 460 7500 SH Sole 7500 Cisco Systems Inc. COM 17275R102 2906 169460 SH Sole 169400 60 Citigroup Inc. COM 172967101 2549 576800 SH Sole 576800 Cleveland-Cliffs Inc. COM 18683K101 5700 57994 SH Sole 57874 120
Coca-Cola Co. COM 191216100 1002 15100 SH Sole 15100 Coca-Cola Enterprises Inc. COM 19122T109 827 30300 SH Sole 30300 Cognizant Technology Solutions COM 192446102 1987 24410 SH Sole 24410 Colgate-Palmolive Co. COM 194162103 678 8400 SH Sole 8400 Comcast Corp. COM 20030N101 10418 421446 SH Sole 420386 1060 Commercial Metals Co. COM 201723103 482 27900 SH Sole 27900 ConocoPhillips COM 20825C104 79553 996155 SH Sole 995965 190 Consol Energy Inc. COM 20854P109 4253 79300 SH Sole 79300 Consolidated Edison Inc. COM 209115104 1007 19850 SH Sole 19850 Convergys Corp. COM 212485106 1271 88500 SH Sole 88500 Cooper Industries Plc COM G24140108 4471 68891 SH Sole 68686 205 Corning Inc. COM 219350105 5947 288247 SH Sole 286287 1960 Coventry Health Care Inc. COM 222862104 1099 34500 SH Sole 34500 Cummins Inc. COM 231021106 1096 10000 SH Sole 10000 Cymer Inc. COM 232572107 1681 29710 SH Sole 29710 DIRECTV Group Inc. COM 25490A101 2064 44100 SH Sole 44100 DISH Network Corp. COM 25470M109 1062 43600 SH Sole 43600 DPL Inc. COM 233293109 513 18700 SH Sole 18700 DST Systems Inc. COM 233326107 544 10300 SH Sole 10300 Danaher Corp. COM 235851102 3353 64600 SH Sole 64600 Darden Restaurants Inc. COM 237194105 983 20000 SH Sole 20000 Deckers Outdoor Corp. COM 243537107 2231 25900 SH Sole 25900 Deere & Co. COM 244199105 2248 23200 SH Sole 23200 Delphi Financial Group Inc. COM 247131105 1241 40400 SH Sole 40400 Deutsche Bank AG COM D18190898 1042 17632 SH Sole 17632 Diebold Inc. COM 253651103 298 8400 SH Sole 8400 Dollar Financial Corp. COM 256664103 1110 53478 SH Sole 52938 540 Dollar Tree Stores Inc. COM 256746108 422 7600 SH Sole 7600 Dominion Resources Inc. (Virgi COM 25746U109 1533 34300 SH Sole 34300 Dover Corp. COM 260003108 4792 72889 SH Sole 72729 160 Dow Chemical Co. COM 260543103 9199 243685 SH Sole 243355 330 Dresser-Rand Group Inc. COM 261608103 3169 59100 SH Sole 59100 E.I. DuPont de Nemours & Co. COM 263534109 10521 191400 SH Sole 191400 EMC Corp. COM 268648102 1007 37900 SH Sole 37900 Eastman Chemical Co. COM 277432100 1539 15500 SH Sole 15500 Eaton Corp. COM 278058102 3687 66505 SH Sole 66225 280 Ecolab Inc. COM 278865100 2842 55700 SH Sole 55700 Eli Lilly & Co. COM 532457108 2072 58900 SH Sole 58900 Emerson Electric Co. COM 291011104 5949 101808 SH Sole 101428 380 Entergy Corp. COM 29364G103 229 3400 SH Sole 3400 Exelon Corp. COM 30161N101 313 7590 SH Sole 7590 Express Scripts Inc. COM 302182100 840 15100 SH Sole 15100 Exxon Mobil Corp. COM 30231G102 200131 2378826 SH Sole 2378476 350 Ezcorp Inc. (Cl A) COM 302301106 4251 135440 SH Sole 135110 330 Family Dollar Stores Inc. COM 307000109 221 4300 SH Sole 4300 FedEx Corp. COM 31428X106 2340 25015 SH Sole 25000 15 Federated Investors Inc. COM 314211103 326 12200 SH Sole 12200 First Cash Financial Services COM 31942D107 992 25700 SH Sole 25700 First Solar Inc. COM 336433107 7383 45900 SH Sole 45900 FirstEnergy Corp. COM 337932107 2522 68000 SH Sole 68000 Flextronics International Ltd. COM Y2573F102 1607 215110 SH Sole 215110 Forest Laboratories Inc. COM 345838106 401 12400 SH Sole 12400 Franklin Resources Inc. COM 354613101 1026 8200 SH Sole 8200 Freeport-McMoRan Copper & Gold COM 35671D857 10401 187240 SH Sole 187200 40 Fresh Del Monte Produce Inc. COM G36738105 457 17500 SH Sole 17500 GFI Group Inc COM 361652209 411 81800 SH Sole 81800 General Dynamics Corp. COM 369550108 5024 65624 SH Sole 65384 240 General Electric Co. COM 369604103 34862 1738777 SH Sole 1737187 1590 General Mills Inc. COM 370334104 325 8900 SH Sole 8900 Genuine Parts Co. COM 372460105 1180 22000 SH Sole 22000 Gilead Sciences Inc. COM 375558103 1342 31600 SH Sole 31600 Global Sources Ltd. COM G39300101 710 61031 SH Sole 61031 Goldman Sachs Group Inc. COM 38141G104 2649 16700 SH Sole 16700 Google Inc. COM 38259P508 8654 14748 SH Sole 14718 30 Guess? Inc. COM 401617105 1616 41075 SH Sole 40825 250 H&R Block Inc. COM 093671105 2200 131400 SH Sole 131400 HCC Insurance Holdings Inc. COM 404132102 839 26800 SH Sole 26800 Halliburton Co. COM 406216101 27073 543200 SH Sole 543200 Hartford Financial Services Gr COM 416515104 758 28130 SH Sole 27810 320 Henry Schein Inc. COM 806407102 702 10000 SH Sole 10000 Hess Corp. COM 42809H107 20306 238300 SH Sole 238300 Hewlett-Packard Co. COM 428236103 8337 203495 SH Sole 202905 590 Home Depot Inc. COM 437076102 1401 37800 SH Sole 37800 Honeywell International Inc. COM 438516106 1740 29139 SH Sole 28849 290 Hubbell Inc. COM 443510201 1115 15700 SH Sole 15700 Humana Inc. COM 444859102 1511 21600 SH Sole 21600 INVESCO Ltd. COM G491BT108 544 21300 SH Sole 21300 Illinois Tool Works Inc. COM 452308109 5481 102030 SH Sole 101780 250 Imperial Oil Ltd. COM 453038408 5970 116900 SH Sole 116900 Ingram Micro Inc. COM 457153104 1889 89840 SH Sole 89840 Intel Corp. COM 458140100 4431 219561 SH Sole 219506 55 IntercontinentalExchange Inc. COM 45865V100 828 6700 SH Sole 6700 International Business Machine COM 459200101 17301 106097 SH Sole 105877 220 J.M. Smucker Co. COM 832696405 707 9900 SH Sole 9900 JPMorgan Chase & Co. COM 46625H100 4930 106945 SH Sole 106900 45 Johnson & Johnson COM 478160104 2657 44850 SH Sole 44850 Jos. A. Bank Clothiers Inc. COM 480838101 862 16949 SH Sole 16949 KLA-Tencor Corp. COM 482480100 715 15100 SH Sole 15100 Kellogg Co. COM 487836108 1101 20400 SH Sole 20400
Kimberly-Clark Corp. COM 494368103 1247 19100 SH Sole 19100 Kirby Corp. COM 497266106 5708 99634 SH Sole 99214 420 Kraft Foods Inc. COM 50075N104 1091 34800 SH Sole 34800 L-3 Communications Holdings In COM 502424104 885 11300 SH Sole 11300 LKQ Corp. COM 501889208 282 11700 SH Sole 11700 Laboratory Corp. of America Ho COM 50540R409 1078 11700 SH Sole 11700 Lender Processing Services Inc COM 52602E102 1921 59670 SH Sole 59670 Lincare Holdings Inc. COM 532791100 1728 58260 SH Sole 58260 Linear Technology Corp. COM 535678106 800 23800 SH Sole 23800 Lockheed Martin Corp. COM 539830109 2840 35320 SH Sole 35320 Loews Corp. COM 540424108 211 4900 SH Sole 4900 Lorillard Inc. COM 544147101 295 3100 SH Sole 3100 Lowe's Cos. COM 548661107 811 30700 SH Sole 30700 MEMC Electronic Materials Inc COM 552715104 8883 685400 SH Sole 685400 MFA Financial Inc. COM 55272X102 580 70700 SH Sole 70700 Manulife Financial Corp. COM 56501R106 876 49500 SH Sole 49500 Marathon Oil Corp. COM 565849106 19074 357800 SH Sole 357800 Mastercard Inc. COM 57636Q104 2573 10220 SH Sole 10220 Maxim Integrated Products Inc. COM 57772K101 451 17600 SH Sole 17600 Maximus Inc. COM 577933104 1047 12900 SH Sole 12900 McDonald's Corp. COM 580135101 466 6120 SH Sole 6100 20 McKesson Corp. COM 58155Q103 1873 23700 SH Sole 23700 Medco Health Solutions Inc. COM 58405U102 1438 25600 SH Sole 25600 Medicis Pharmaceutical Corp. COM 584690309 2377 74200 SH Sole 74200 Mednax Inc. COM 58502B106 787 11820 SH Sole 11820 Medtronic Inc. COM 585055106 897 22800 SH Sole 22800 Merck & Co. Inc. COM 58933Y105 2753 83400 SH Sole 83400 Meredith Corp. COM 589433101 845 24900 SH Sole 24900 MetLife Inc. COM 59156R108 1252 28000 SH Sole 28000 Methode Electronics Inc. COM 591520200 644 53300 SH Sole 53300 Microchip Technology Inc. COM 595017104 582 15300 SH Sole 15300 Microsoft Corp. COM 594918104 3756 147940 SH Sole 147820 120 Monsanto Co. COM 61166W101 13476 186487 SH Sole 186297 190 Moody's Corp. COM 615369105 553 16300 SH Sole 16300 Morgan Stanley COM 617446448 1382 50600 SH Sole 50600 Mosaic Co. COM 61945A107 1181 15000 SH Sole 15000 Multi-Fineline Electronix Inc. COM 62541B101 513 18180 SH Sole 18180 Murphy Oil Corp. COM 626717102 17760 241900 SH Sole 241900 Mylan Inc. COM 628530107 940 41500 SH Sole 41500 NIKE Inc. COM 654106103 8934 118019 SH Sole 117509 510 NSTAR COM 67019E107 694 15000 SH Sole 15000 Nasdaq OMX Group/The COM 631103108 902 34900 SH Sole 34900 National Financial Partners Co COM 63607P208 456 30900 SH Sole 30900 Navios Maritime Holdings Inc. COM Y62196103 857 150355 SH Sole 150065 290 NewMarket Corp. COM 651587107 475 3000 SH Sole 3000 Newell Rubbermaid Inc. COM 651229106 568 29700 SH Sole 29700 Nextera Energy COM 65339F101 568 10300 SH Sole 10300 Norfolk Southern Corp. COM 655844108 5708 82400 SH Sole 82400 Northrop Grumman Corp. COM 666807102 1467 23400 SH Sole 23400 Novellus Systems Inc. COM 670008101 1167 31440 SH Sole 31440 NuCor Corp. COM 670346105 6416 139412 SH Sole 138982 430 O'Reilly Automotive Inc. COM 686091109 707 12300 SH Sole 12300 OSI Systems Inc. COM 671044105 878 23400 SH Sole 23400 Occidental Petroleum Corp. COM 674599105 20198 193300 SH Sole 193300 Omnicare Inc. COM 681904108 228 7600 SH Sole 7600 Omnicom Group Inc. COM 681919106 2424 49406 SH Sole 49196 210 Oracle Corp. COM 68389X105 2725 81500 SH Sole 81500 Oshkosh Truck Corp. COM 688239201 531 15000 SH Sole 15000 PPL Corp. COM 69351T106 379 15000 SH Sole 15000 Paccar Inc. COM 693718108 785 15000 SH Sole 15000 Parker Hannifin Corp. COM 701094104 2748 29019 SH Sole 28849 170 Peabody Energy Corp. COM 704549104 11175 155300 SH Sole 155300 Pepco Holdings Inc. COM 713291102 261 14000 SH Sole 14000 PepsiCo Inc. COM 713448108 1062 16492 SH Sole 16492 Pfizer Inc. COM 717081103 8157 401610 SH Sole 401500 110 PharMerica Corp COM 71714F104 614 53700 SH Sole 53700 Philip Morris International In COM 718172109 2711 41300 SH Sole 41300 Pitney Bowes Inc. COM 724479100 1246 48500 SH Sole 48500 Plexus Corp. COM 729132100 989 28200 SH Sole 28200 Portfolio Recovery Associates COM 73640Q105 715 8400 SH Sole 8400 Portland General Electric Co. COM 736508847 1400 58900 SH Sole 58900 Potash Corp. of Saskatchewan I COM 73755L107 1774 30100 SH Sole 30100 Praxair Inc. COM 74005P104 10705 105365 SH Sole 105265 100 Procter & Gamble Co. COM 742718109 1140 18500 SH Sole 18500 Progressive Corp. COM 743315103 380 18000 SH Sole 18000 Protective Life Corp. COM 743674103 1800 67800 SH Sole 67800 Protein Design Labs Inc COM 69329Y104 686 118200 SH Sole 118200 Prudential Financial Inc. COM 744320102 1062 17240 SH Sole 17200 40 Public Service Enterprise Grou COM 744573106 282 8950 SH Sole 8950 QUALCOMM Inc. COM 747525103 3334 60800 SH Sole 60800 R.R. Donnelley & Sons Co. COM 257867101 2913 153990 SH Sole 153990 RPM International Inc. COM 749685103 3733 157296 SH Sole 156896 400 Raytheon Co. COM 755111507 2101 41300 SH Sole 41300 Redwood Trust Inc. COM 758075402 381 24500 SH Sole 24500 Reinsurance Group of America I COM 759351604 747 11900 SH Sole 11900 Reliance Steel & Aluminum Co. COM 759509102 3345 57900 SH Sole 57900 Republic Services Inc. COM 760759100 751 25000 SH Sole 25000 Research In Motion Ltd. COM 760975102 4868 86105 SH Sole 85785 320 Reynolds American Inc. COM 761713106 1840 51800 SH Sole 51800
Rock-Tenn Co. COM 772739207 2621 37800 SH Sole 37800 Rockwell Collins Corp. COM 774341101 1621 25000 SH Sole 25000 Ross Stores Inc. COM 778296103 4676 65751 SH Sole 65451 300 SCANA Corp. COM 80589M102 614 15600 SH Sole 15600 SMART Modular Technologies Inc COM G82245104 2104 271140 SH Sole 271140 SYNNEX Corp. COM 87162W100 1172 35800 SH Sole 35800 Schlumberger Ltd. COM 806857108 37546 402600 SH Sole 402600 Seagate Technology Inc. COM G7945M107 851 59100 SH Sole 59100 Sempra Energy COM 816851109 251 4700 SH Sole 4700 Sonoco Products Co. COM 835495102 1420 39200 SH Sole 39200 Southern Co. COM 842587107 1890 49600 SH Sole 49600 State Street Corp. COM 857477103 1088 24200 SH Sole 24200 Steel Dynamics Inc. COM 858119100 6820 363350 SH Sole 362050 1300 Stryker Corp. COM 863667101 1054 17340 SH Sole 17340 Sun Life Financial Inc. COM 866796105 1157 36800 SH Sole 36800 SunPower Corp. (Cl A) COM 867652109 10829 631800 SH Sole 631800 Suncor Energy Inc. COM 867229106 14860 331400 SH Sole 331400 TECO Energy Inc. COM 872375100 1501 80000 SH Sole 80000 TJX Cos. COM 872540109 9755 196158 SH Sole 195723 435 Target Corp. COM 87612E106 2269 45365 SH Sole 45320 45 Tech Data Corp. COM 878237106 1470 28910 SH Sole 28910 Temple-Inland Inc. COM 879868107 2340 100000 SH Sole 100000 Teradyne Inc. COM 880770102 834 46800 SH Sole 46800 Tesoro Corp. COM 881609101 3389 126300 SH Sole 126300 Tessera Technologies Inc. COM 88164L100 363 19900 SH Sole 19900 Texas Instruments Inc. COM 882508104 1642 47500 SH Sole 47500 The Travelers Companies Inc Co COM 89417E109 1083 18200 SH Sole 18200 Thermo Fisher Scientific Inc COM 883556102 750 13500 SH Sole 13500 Thomas & Betts Corp. COM 884315102 2165 36405 SH Sole 36095 310 Thomson Reuters Corporation COM 884903105 908 23137 SH Sole 23137 Tidewater Inc. COM 886423102 6380 106600 SH Sole 106600 Time Warner Cable COM 88732J207 7937 111260 SH Sole 110940 320 Time Warner Inc. COM 887317303 304 8510 SH Sole 8415 95 Torchmark Corp. COM 891027104 406 6100 SH Sole 6100 Tractor Supply Co. COM 892356106 245 4100 SH Sole 4100 TransCanada Corp. COM 89353D107 507 12500 SH Sole 12500 Transocean Inc. COM H8817H100 3929 50400 SH Sole 50400 Tupperware Brands Corp. COM 899896104 3685 61710 SH Sole 61710 Tyco Electronics Ltd COM H8912P106 1281 36800 SH Sole 36800 Tyco International Ltd. COM H89128104 5027 112286 SH Sole 111746 540 U.S. Bancorp COM 902973304 4679 177043 SH Sole 176443 600 UGI Corp. COM 902681105 582 17700 SH Sole 17700 Union Pacific Corp. COM 907818108 9595 97578 SH Sole 97338 240 United Online Inc. COM 911268100 302 47900 SH Sole 47900 United Parcel Service Inc. COM 911312106 4275 57520 SH Sole 57500 20 United Stationers Inc. COM 913004107 710 10000 SH Sole 10000 United Technologies Corp. COM 913017109 6006 70950 SH Sole 70950 UnitedHealth Group Inc. COM 91324P102 3161 69940 SH Sole 69940 VF Corp. COM 918204108 1590 16133 SH Sole 15973 160 Valero Energy Corp. COM 91913Y100 22614 758342 SH Sole 757912 430 Valspar Corp. COM 920355104 2346 60000 SH Sole 60000 Varian Medical Systems Inc. COM 92220P105 1454 21500 SH Sole 21500 Vectren Corp. COM 92240G101 544 20000 SH Sole 20000 Verizon Communications Inc. COM 92343V104 3214 83400 SH Sole 83400 Viacom Inc. COM 92553P201 4066 87394 SH Sole 87104 290 Visa Inc. COM 92826C839 1509 20500 SH Sole 20500 W.W. Grainger Inc. COM 384802104 5259 38195 SH Sole 38035 160 WGL Holdings Inc. COM 92924F106 374 9600 SH Sole 9600 Waddell & Reed Financial Inc. COM 930059100 256 6300 SH Sole 6300 Wal-Mart Stores Inc. COM 931142103 2436 46800 SH Sole 46800 Walgreen Co. COM 931422109 1152 28700 SH Sole 28700 Walt Disney Co. COM 254687106 4010 93056 SH Sole 92816 240 Walter Enregy Inc. COM 93317Q105 2351 17362 SH Sole 17282 80 Waters Corp. COM 941848103 773 8900 SH Sole 8900 Watsco Inc. COM 942622200 565 8100 SH Sole 8100 Watson Pharmaceuticals Inc. COM 942683103 2616 46700 SH Sole 46700 Weatherford International Ltd. COM G95089101 4947 218900 SH Sole 218900 WellPoint Inc. COM 94973V107 1563 22400 SH Sole 22400 Wells Fargo & Co. COM 949746101 11038 348101 SH Sole 347361 740 Whirlpool Corp. COM 963320106 401 4700 SH Sole 4700 Willis Group Holdings Ltd. COM G96666105 601 14900 SH Sole 14900 Wolverine World Wide Inc. COM 978097103 2779 74547 SH Sole 74287 260 World Acceptance Corp. COM 981419104 806 12360 SH Sole 12360 World Fuel Services Corp. COM 981475106 11976 294900 SH Sole 294900 World Wrestling Entertain - A COM 98156Q108 454 36100 SH Sole 36100 XL Capital Ltd. COM G98255105 455 18500 SH Sole 18500 Xcel Energy Inc. COM 98389B100 1297 54300 SH Sole 54300 Omnicare Inc. 4% 6/15/33 serie PFD 68214Q200 400 8900 SH Sole 8900 ArcelorMittal (Cl A)(ADS) ADR 03938L104 1988 55000 SH Sole 55000 BP PLC (ADS) ADR 055622104 12023 272390 SH Sole 272390 Baidu.com Inc. (ADS) ADR 056752108 1223 8873 SH Sole 8873 CHINA PETROLEUM & CHEMICAL -AD ADR 16941R108 9132 90790 SH Sole 90790 Credit Suisse Group (ADS) ADR 225401108 634 14900 SH Sole 14900 E.ON AG ADS ADR 268780103 486 15800 SH Sole 15800 ENI S P A -SPON ADR ADR 26874R108 5792 117886 SH Sole 117886 ENSCO PLC ADS ADR 29358Q109 7913 136800 SH Sole 136800 FRANCE TELECOM ADR ADR 35177Q105 396 17600 SH Sole 17600 GAZPROM O A O SPON ADR ADR 368287207 7322 235600 SH Sole 235600 GLAXOSMITHKLINE PLC -SPON ADR ADR 37733W105 766 19941 SH Sole 19941
Gerdau S.A. (ADS) ADR 373737105 625 50000 SH Sole 50000 ING GROUP NV -ADR ADR 456837103 2865 225400 SH Sole 225400 JA Solar Holdings Co. Ltd. (AD ADR 466090107 763 108800 SH Sole 108800 Nestle S A Sponsored ADR ADR 641069406 500 8686 SH Sole 8686 OIL CO LUKOIL - ADR ADR 677862104 586 8200 SH Sole 8200 POSCO (ADR) ADR 693483109 2387 20889 SH Sole 20889 RWE AG SPONSORED ADR ADR 74975E303 244 3800 SH Sole 3800 Repsol YPF SA - Sonsored ADR ADR 76026T205 6806 198400 SH Sole 198400 Royal Dutch Shell ADR ADR 780259206 555 7619 SH Sole 7619 SIEMENS A G -SPON ADR ADR 826197501 25778 187695 SH Sole 187615 80 TEVA PHARM INDS -ADR ADR 881624209 1254 25000 SH Sole 25000 TOTAL FINA ELF S A -ADR ADR 89151E109 669 10974 SH Sole 10974 Tata Motors Ltd. (ADS) ADR 876568502 2020 72680 SH Sole 72680 VALE S.A. ADR ADR 91912E105 1458 20500 SH Sole 20500 SPDR S&P China ETF (GXC) 78463X400 375 4667 SH Sole 4667 iShares MSCI Korea Index Fund 464286772 257 3994 SH Sole 3994 REPORT SUMMARY 362 DATA RECORDS $ 1,524,973 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED