0001193125-12-421758.txt : 20121012 0001193125-12-421758.hdr.sgml : 20121012 20121012120824 ACCESSION NUMBER: 0001193125-12-421758 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121012 DATE AS OF CHANGE: 20121012 EFFECTIVENESS DATE: 20121012 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: 121141449 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 d423999d13fhr.txt FORM 13F 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 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 October 11, 2012 ------------------------------------- ------------------ ---------------- 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).) 2 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Table Information Table Entry Total: 303 Form 13F Information Table Value Total: 1,244,479 List of Other Included Managers: 0 ICON Advisers, Inc. FORM 13F 30-Sep-12
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 2717 29400 SH Sole 29400 ACE Ltd. COM H0023R105 839 11100 SH Sole 11100 AGL Resources Inc. COM 001204106 1174 28700 SH Sole 28700 AON Corp. COM 037389103 884 16900 SH Sole 16900 AT&T Corp. COM 00206R102 576 15280 SH Sole 15280 ATMI Inc. COM 00207R101 1068 57500 SH Sole 57500 Aaron's Inc. COM 002535300 1046 37600 SH Sole 37600 Abbott Laboratories COM 002824100 7513 109580 SH Sole 109580 Accenture Plc. COM G1151C101 7319 104507 SH Sole 104077 430 Aetna Inc. COM 00817Y108 1235 31180 SH Sole 31180 Affiliated Managers Group Inc. COM 008252108 972 7900 SH Sole 7900 Air Products & Chemicals Inc. COM 009158106 4239 51260 SH Sole 51260 Airgas Inc. COM 009363102 1234 15000 SH Sole 15000 Albemarle Corp. COM 012653101 527 10000 SH Sole 10000 Alexion Pharmaceuticals COM 015351109 2185 19100 SH Sole 19100 Allergan Inc. COM 018490102 788 8600 SH Sole 8600 Allete Inc. COM 018522300 1069 25600 SH Sole 25600 Altria Group Inc. COM 02209S103 2521 75490 SH Sole 75490 Amdocs Ltd. COM G02602103 1692 51300 SH Sole 51300 American Electric Power Co. In COM 025537101 2988 68000 SH Sole 68000 American Water Works Co. COM 030420103 864 23310 SH Sole 23310 AmerisourceBergen Corp. (Holdi COM 03073E105 898 23200 SH Sole 23200 Ametek Inc. COM 031100100 1288 36340 SH Sole 36340 Amgen Inc. COM 031162100 5893 69910 SH Sole 69910 Annaly Capital Management Inc. COM 035710409 473 28100 SH Sole 28100 Apache Corp. COM 037411105 12547 145100 SH Sole 145100 Apple Inc. COM 037833100 27948 41895 SH Sole 41785 110 Applied Materials Inc. COM 038222105 1025 91800 SH Sole 91800 AptarGroup Inc. COM 038336103 414 8000 SH Sole 8000 Archer-Daniels-Midland Co. COM 039483102 1655 60900 SH Sole 60900 Ashland Inc. COM 044209104 859 12000 SH Sole 12000 Atmos Energy Corp. COM 049560105 261 7300 SH Sole 7300 Atwood Oceanics Inc. COM 050095108 15867 349100 SH Sole 349100 AutoZone Inc. COM 053332102 665 1800 SH Sole 1800 Automatic Data Processing Inc. COM 053015103 3015 51390 SH Sole 51390 BB&T Corp. COM 054937107 3380 101921 SH Sole 101591 330 BCE Inc. COM 05534B760 237 5400 SH Sole 5400 Barrick Gold Corp. COM 067901108 212 5066 SH Sole 5066 Baxter International Inc. COM 071813109 1892 31400 SH Sole 31400 Becton Dickinson & Co. COM 075887109 723 9200 SH Sole 9200 Bed Bath & Beyond Inc. COM 075896100 3619 57440 SH Sole 57440 Bemis Co. Inc. COM 081437105 472 15000 SH Sole 15000 Bio-Reference Laboratories Inc COM 09057G602 2158 75490 SH Sole 75490 Boeing Co. COM 097023105 1044 15000 SH Sole 15000 Buckeye Technologies Inc. COM 118255108 801 25000 SH Sole 25000 Bunge Ltd. COM G16962105 555 8280 SH Sole 8280 CA, Inc. COM 12673P105 216 8400 SH Sole 8400 CACI International Inc. (Cl A) COM 127190304 1809 34920 SH Sole 34920 CF Industries Holdings Inc. COM 125269100 556 2500 SH Sole 2500 CIGNA Corp. COM 125509109 637 13500 SH Sole 13500 CSX Corp. COM 126408103 6928 333893 SH Sole 332843 1050 CVS Caremark Corporation COM 126650100 2626 54240 SH Sole 54240 Calgon Carbon Corp. COM 129603106 358 25000 SH Sole 25000 Cameron International Corp COM 13342B105 12997 231800 SH Sole 231800 Canadian National Railway Co. COM 136375102 469 5310 SH Sole 5310 Capital One Financial Corp. COM 14040H105 1266 22200 SH Sole 22200 Cardinal Health Inc. COM 14149Y108 1337 34300 SH Sole 34300 Casey's General Stores Inc. COM 147528103 869 15200 SH Sole 15200 Cash America International Inc COM 14754D100 2552 66175 SH Sole 65775 400 Caterpillar Inc. COM 149123101 10179 118300 SH Sole 117760 540 Celgene Corp. COM 151020104 7909 103525 SH Sole 103175 350 Chevron Corp. COM 166764100 74756 641350 SH Sole 641350 Chubb Corp. COM 171232101 564 7400 SH Sole 7400 Cisco Systems Inc. COM 17275R102 2484 130100 SH Sole 130100 Coach Inc. COM 189754104 644 11500 SH Sole 11500 Coca-Cola Co. COM 191216100 1980 52200 SH Sole 52200 Cognizant Technology Solutions COM 192446102 3329 47630 SH Sole 47630 Colgate-Palmolive Co. COM 194162103 504 4700 SH Sole 4700 Comcast Corp. COM 20030N101 16117 450895 SH Sole 448875 2020 ConocoPhillips COM 20825C104 26846 469500 SH Sole 469500 Core Laboratories N.V. COM N22717107 13011 107100 SH Sole 107100 CoreLogic, Inc. COM 21871D103 1311 49400 SH Sole 49400 Costco Wholesale Corp. COM 22160K105 2382 23780 SH Sole 23780 Covidien PLC COM G2554F113 2363 39770 SH Sole 39770 Crane Co. COM 224399105 599 15000 SH Sole 15000 Crown Holdings Inc. COM 228368106 367 10000 SH Sole 10000 Cubist Pharmaceuticals Inc. COM 229678107 3052 64000 SH Sole 64000 Cullen/Frost Bankers Inc. COM 229899109 454 7900 SH Sole 7900 DFG Global COM 256664103 1127 65700 SH Sole 65700 DIRECTV Group Inc. COM 25490A101 3115 59410 SH Sole 59410 Danaher Corp. COM 235851102 1966 35640 SH Sole 35640 Darden Restaurants Inc. COM 237194105 1109 19900 SH Sole 19900 Deere & Co. COM 244199105 412 5000 SH Sole 5000 Delta Air Lines Inc. COM 247361702 644 70300 SH Sole 70300 Diamond Offshore Drilling Inc. COM 25271C102 16071 244200 SH Sole 244200 Discovery Communications Inc. COM 25470F104 1937 32500 SH Sole 32500 Dollar Tree Stores Inc. COM 256746108 3453 71510 SH Sole 71510 Dominion Resources Inc. (Virgi COM 25746U109 1689 31900 SH Sole 31900 Dover Corp. COM 260003108 5122 86099 SH Sole 85729 370 Dow Chemical Co. COM 260543103 2751 95000 SH Sole 95000 Dr Pepper Snapple Group Inc. COM 26138E109 294 6600 SH Sole 6600 Dril-Quip Inc. COM 262037104 12176 169400 SH Sole 169400 Duke Energy Corp. COM 26441C204 2507 38700 SH Sole 38700 E.I. DuPont de Nemours & Co. COM 263534109 3579 71200 SH Sole 71200 EMC Corp. COM 268648102 5215 191228 SH Sole 190618 610 EOG Resources Inc. COM 26875P101 6577 58700 SH Sole 58700 Eaton Corp. COM 278058102 3534 74752 SH Sole 74392 360 Ecolab Inc. COM 278865100 3406 52560 SH Sole 52560 Eli Lilly & Co. COM 532457108 2029 42800 SH Sole 42800 Emerson Electric Co. COM 291011104 7459 154530 SH Sole 153590 940 Energizer Holdings Inc. COM 29266R108 791 10600 SH Sole 10600 Entertainment Properties Trust COM 29380T105 462 10400 SH Sole 10400 Express Scripts Inc. COM 30219G108 2891 46165 SH Sole 46165 Exxon Mobil Corp. COM 30231G102 88671 969610 SH Sole 969610 Ezcorp Inc. (Cl A) COM 302301106 3091 134793 SH Sole 134203 590 F5 Networks Inc. COM 315616102 5108 48816 SH Sole 48586 230 FMC Corp. COM 302491303 831 15000 SH Sole 15000 FMC Technologies Inc. COM 30249U101 7218 155900 SH Sole 155900 Family Dollar Stores Inc. COM 307000109 1903 28700 SH Sole 28700 FedEx Corp. COM 31428X106 3461 40898 SH Sole 40708 190 Federated Investors Inc. COM 314211103 1208 58400 SH Sole 58400 Fidelity National Information COM 31620M106 830 26600 SH Sole 26600 First Cash Financial Services COM 31942D107 1228 26700 SH Sole 26700 Franklin Resources Inc. COM 354613101 1593 12740 SH Sole 12740 Freeport-McMoRan Copper & Gold COM 35671D857 2375 60000 SH Sole 60000 GameStop Corp. COM 36467W109 613 29200 SH Sole 29200 Gardner Denver Inc. COM 365558105 362 6000 SH Sole 6000 General Dynamics Corp. COM 369550108 1394 21080 SH Sole 21080 General Electric Co. COM 369604103 8577 377694 SH Sole 376324 1370 General Mills Inc. COM 370334104 797 20000 SH Sole 20000 Genuine Parts Co. COM 372460105 879 14400 SH Sole 14400 Gilead Sciences Inc. COM 375558103 5180 78100 SH Sole 78100 Global Payments Inc. COM 37940X102 1016 24300 SH Sole 24300 Goldcorp Inc. COM 380956409 917 20000 SH Sole 20000 Goldman Sachs Group Inc. COM 38141G104 1535 13500 SH Sole 13500 Google Inc. COM 38259P508 5930 7860 SH Sole 7860 H.B. Fuller Co. COM 359694106 460 15000 SH Sole 15000 H.J. Heinz Co. COM 423074103 638 11400 SH Sole 11400 Halliburton Co. COM 406216101 12067 358180 SH Sole 357780 400 Hasbro Inc. COM 418056107 668 17500 SH Sole 17500 Healthcare Services Group COM 421906108 258 11300 SH Sole 11300 Helen of Troy Corp. COM G4388N106 1140 35808 SH Sole 35038 770 Helmerich & Payne Inc. COM 423452101 12508 262720 SH Sole 262720 Hewlett-Packard Co. COM 428236103 1126 66000 SH Sole 66000 Hollyfrontier Corp COM 436106108 15365 372300 SH Sole 372300 Home Depot Inc. COM 437076102 6990 115790 SH Sole 115790 Honeywell International Inc. COM 438516106 896 15000 SH Sole 15000 Hormel Foods Corp. COM 440452100 690 23600 SH Sole 23600 Hospira Inc. COM 441060100 2409 73400 SH Sole 73400 Hubbell Inc. COM 443510201 681 8440 SH Sole 8440 IDEX Corp. COM 45167R104 418 10000 SH Sole 10000 Illinois Tool Works Inc. COM 452308109 4631 77877 SH Sole 77397 480 Informatica Corp. COM 45666Q102 1338 38400 SH Sole 38400 Ingredion Inc. COM 457187102 829 15020 SH Sole 15020 Integrys Energy Group Inc. COM 45822P105 1623 31100 SH Sole 31100 Intel Corp. COM 458140100 2413 106500 SH Sole 106500 International Business Machine COM 459200101 14358 69210 SH Sole 69010 200 Intuit Inc. COM 461202103 1431 24300 SH Sole 24300 JPMorgan Chase & Co. COM 46625H100 7912 195446 SH Sole 194926 520 Jarden Corp. COM 471109108 956 18100 SH Sole 18100 Johnson & Johnson COM 478160104 4605 66830 SH Sole 66830 Jos. A. Bank Clothiers Inc. COM 480838101 1448 29859 SH Sole 29859 Joy Global Inc. COM 481165108 392 7000 SH Sole 7000 Kimberly-Clark Corp. COM 494368103 2574 30010 SH Sole 30010 Kohl's Corp. COM 500255104 886 17300 SH Sole 17300 Kroger Co. COM 501044101 1364 57930 SH Sole 57930 LKQ Corp. COM 501889208 1786 96650 SH Sole 96650 Laboratory Corp. of America Ho COM 50540R409 1202 13000 SH Sole 13000 Laclede Group Inc. COM 505597104 353 8200 SH Sole 8200 Lam Research Corp. COM 512807108 1675 52700 SH Sole 52700 Landstar System Inc. COM 515098101 473 10000 SH Sole 10000 Lockheed Martin Corp. COM 539830109 411 4400 SH Sole 4400 Lorillard Inc. COM 544147101 2178 18700 SH Sole 18700 Lowe's Cos. COM 548661107 8727 288596 SH Sole 287736 860 M&T Bank Corp. COM 55261F104 904 9500 SH Sole 9500 MDU Resources Group Inc COM 552690109 500 22700 SH Sole 22700 MSC Industrial Direct Co. COM 553530106 675 10000 SH Sole 10000 Magellan Health Services Inc. COM 559079207 1073 20800 SH Sole 20800 Marathon Petroleum Corp COM 56585A102 11464 210000 SH Sole 210000 Mastercard Inc. COM 57636Q104 2844 6300 SH Sole 6300 Mattel Inc. COM 577081102 358 10100 SH Sole 10100 McCormick & Co. Inc. COM 579780206 490 7900 SH Sole 7900 McGraw-Hill Cos. COM 580645109 437 8000 SH Sole 8000 McKesson Corp. COM 58155Q103 1703 19800 SH Sole 19800 Medtronic Inc. COM 585055106 3735 86610 SH Sole 86610 Merck & Co. Inc. COM 58933Y105 8769 194460 SH Sole 194460 Microsoft Corp. COM 594918104 6831 229540 SH Sole 229540 Molson Coors Brewing Co. COM 60871R209 1014 22500 SH Sole 22500 Monsanto Co. COM 61166W101 2731 30000 SH Sole 30000 Moody's Corp. COM 615369105 1153 26100 SH Sole 26100 Mosaic Co. COM 61945C103 403 7000 SH Sole 7000 Murphy Oil Corp. COM 626717102 19479 362800 SH Sole 362800 Mylan Inc. COM 628530107 1121 46000 SH Sole 46000 NIKE Inc. COM 654106103 4499 47407 SH Sole 47207 200 Nabors Industries Ltd. COM G6359F103 11563 824160 SH Sole 824160 Nasdaq OMX Group/The COM 631103108 1141 49000 SH Sole 49000 National Oilwell Varco Inc. COM 637071101 32505 405759 SH Sole 405469 290 Newmont Mining Corp. COM 651639106 2241 40000 SH Sole 40000 Nextera Energy COM 65339F101 1793 25500 SH Sole 25500 Noble Corp. COM H5833N103 19790 553103 SH Sole 552513 590 Norfolk Southern Corp. COM 655844108 4626 72700 SH Sole 72700 Northern Trust Corp. COM 665859104 1806 38910 SH Sole 38910 NuCor Corp. COM 670346105 4085 106772 SH Sole 106382 390 Occidental Petroleum Corp. COM 674599105 34253 398010 SH Sole 398010 Oceaneering International Inc. COM 675232102 5879 106400 SH Sole 106400 Omnicom Group Inc. COM 681919106 1392 27000 SH Sole 27000 Oracle Corp. COM 68389X105 2183 69400 SH Sole 69400 PNC Financial Services Group I COM 693475105 789 12500 SH Sole 12500 PPG Industries Inc. COM 693506107 2067 18000 SH Sole 18000 PPL Corp. COM 69351T106 1182 40700 SH Sole 40700 Parker Hannifin Corp. COM 701094104 1435 17164 SH Sole 17024 140 Patterson Cos. Inc. COM 703395103 877 25600 SH Sole 25600 People's United Financial Inc. COM 712704105 310 25500 SH Sole 25500 Pepco Holdings Inc. COM 713291102 1412 74700 SH Sole 74700 PepsiCo Inc. COM 713448108 1005 14200 SH Sole 14200 Perficient Inc. COM 71375U101 857 71000 SH Sole 71000 Pfizer Inc. COM 717081103 12652 509140 SH Sole 509140 Philip Morris International In COM 718172109 3239 36010 SH Sole 36010 Phillips 66 COM 718546104 12856 277250 SH Sole 277250 Praxair Inc. COM 74005P104 10971 105609 SH Sole 105119 490 Procter & Gamble Co. COM 742718109 3261 47020 SH Sole 47020 Protein Design Labs Inc COM 69329Y104 4065 527890 SH Sole 527890 Public Service Enterprise Grou COM 744573106 1774 55140 SH Sole 55140 QLogic Corp. COM 747277101 1412 123600 SH Sole 123600 QUALCOMM Inc. COM 747525103 3398 54400 SH Sole 54400 Questcor Pharmaceuticals Inc. COM 74835Y101 2481 134340 SH Sole 133730 610 Raytheon Co. COM 755111507 457 8000 SH Sole 8000 Regal-Beloit Corp. COM 758750103 705 10000 SH Sole 10000 Reliance Steel & Aluminum Co. COM 759509102 759 14500 SH Sole 14500 Republic Services Inc. COM 760759100 426 15500 SH Sole 15500 ResMed Inc. COM 761152107 2230 55100 SH Sole 55100 Reynolds American Inc. COM 761713106 2462 56800 SH Sole 56800 Rockwell Collins Corp. COM 774341101 268 5000 SH Sole 5000 Rogers Communications Inc. (Cl COM 775109200 242 6000 SH Sole 6000 Ross Stores Inc. COM 778296103 1473 22800 SH Sole 22800 Ryder System Inc. COM 783549108 273 7000 SH Sole 7000 SCANA Corp. COM 80589M102 1723 35700 SH Sole 35700 SEI Investments Co. COM 784117103 1775 82800 SH Sole 82800 Salix Pharmaceuticals Ltd. COM 795435106 656 15500 SH Sole 15500 Schlumberger Ltd. COM 806857108 44409 613972 SH Sole 613672 300 Sempra Energy COM 816851109 1780 27600 SH Sole 27600 Silgan Holdings Inc. COM 827048109 653 15000 SH Sole 15000 Silver Wheaton Corp. COM 828336107 238 6000 SH Sole 6000 Sohu.com Inc. COM 83408W103 265 6300 SH Sole 6300 South Jersey Industries Inc. COM 838518108 879 16600 SH Sole 16600 Southern Co. COM 842587107 4419 95870 SH Sole 95870 St. Jude Medical Inc. COM 790849103 1841 43700 SH Sole 43700 Steel Dynamics Inc. COM 858119100 2772 246613 SH Sole 244983 1630 Stryker Corp. COM 863667101 2155 38710 SH Sole 38710 Synaptics Inc. COM 87157D109 1047 43600 SH Sole 43600 Syntel Inc. COM 87162H103 892 14300 SH Sole 14300 T. Rowe Price Group Inc. COM 74144T108 620 9800 SH Sole 9800 TECO Energy Inc. COM 872375100 848 47800 SH Sole 47800 TJX Cos. COM 872540109 11891 265478 SH Sole 264358 1120 Target Corp. COM 87612E106 6162 97080 SH Sole 97080 The Travelers Companies Inc COM 89417E109 1044 15300 SH Sole 15300 Thomson Reuters Corporation COM 884903105 292 10104 SH Sole 10104 Time Warner Cable COM 88732J207 9772 102801 SH Sole 102061 740 Time Warner Inc. COM 887317303 277 6100 SH Sole 6100 Tractor Supply Co. COM 892356106 1276 12900 SH Sole 12900 Tupperware Brands Corp. COM 899896104 1184 22100 SH Sole 22100 Tyler Technologies Inc. COM 902252105 660 15000 SH Sole 15000 U.S. Bancorp COM 902973304 3139 91520 SH Sole 91520 UGI Corp. COM 902681105 746 23500 SH Sole 23500 Union Pacific Corp. COM 907818108 8363 70451 SH Sole 70171 280 United Continental Holdings COM 910047109 632 32400 SH Sole 32400 United Parcel Service Inc. COM 911312106 1711 23900 SH Sole 23900 United Technologies Corp. COM 913017109 3697 47220 SH Sole 47220 United Therapeutics Corp. COM 91307C102 2699 48300 SH Sole 48300 UnitedHealth Group Inc. COM 91324P102 2704 48800 SH Sole 48800 Urban Outfitters Inc. COM 917047102 458 12200 SH Sole 12200 VF Corp. COM 918204108 4162 26120 SH Sole 26120 Valero Energy Corp. COM 91913Y100 31945 1008350 SH Sole 1008350 Varian Medical Systems Inc. COM 92220P105 688 11400 SH Sole 11400 Vectren Corp. COM 92240G101 1619 56600 SH Sole 56600 Verizon Communications Inc. COM 92343V104 424 9300 SH Sole 9300 Viacom Inc. COM 92553P201 6305 117651 SH Sole 117111 540 Visa Inc. COM 92826C839 2367 17630 SH Sole 17630 W.W. Grainger Inc. COM 384802104 867 4160 SH Sole 4160 Waddell & Reed Financial Inc. COM 930059100 1727 52700 SH Sole 52700 Wal-Mart Stores Inc. COM 931142103 5072 68720 SH Sole 68720 Walgreen Co. COM 931422109 2271 62330 SH Sole 62330 Walt Disney Co. COM 254687106 9670 184970 SH Sole 184280 690 Watson Pharmaceuticals Inc. COM 942683103 1448 17000 SH Sole 17000 WellPoint Inc. COM 94973V107 1056 18200 SH Sole 18200 Wells Fargo & Co. COM 949746101 11009 318817 SH Sole 318137 680 Werner Enterprises Inc. COM 950755108 214 10000 SH Sole 10000 Western Digital Corp. COM 958102105 2885 74500 SH Sole 74500 Western Union Co. COM 959802109 844 46300 SH Sole 46300 Wisconsin Energy Corp. COM 976657106 1277 33900 SH Sole 33900 Wolverine World Wide Inc. COM 978097103 2570 57933 SH Sole 57663 270 World Acceptance Corp. COM 981419104 1409 20890 SH Sole 20890 Xcel Energy Inc. COM 98389B100 2136 77100 SH Sole 77100 Xerox Corp. COM 984121103 2102 286400 SH Sole 286400 Zebra Technologies Corp. COM 989207105 619 16500 SH Sole 16500 eBay Inc. COM 278642103 1117 23100 SH Sole 23100 j2 Global Communications Inc. COM 46626E205 368 11200 SH Sole 11200 ASTRAZENECA PLC -SPON ADR ADR 046353108 1345 28100 SH Sole 28100 ArcelorMittal (Cl A)(ADS) ADR 03938L104 433 30000 SH Sole 30000 BP PLC (ADS) ADR 055622104 5998 141600 SH Sole 141600 Baidu.com Inc. (ADS) ADR 056752108 1608 13760 SH Sole 13760 ENI S P A -SPON ADR ADR 26874R108 13669 311800 SH Sole 311800 ENSCO PLC ADS ADR 29358Q109 12478 228700 SH Sole 228700 GLAXOSMITHKLINE PLC -SPON ADR ADR 37733W105 937 20265 SH Sole 20265 Infosys Technologies Ltd. ADS ADR 456788108 1287 26508 SH Sole 26508 NOVARTIS AG -SPON ADR ADR 66987V109 1368 22325 SH Sole 22325 Nestle S A Sponsored ADR ADR 641069406 1652 26183 SH Sole 26183 OIL CO LUKOIL - ADR ADR 677862104 616 10000 SH Sole 10000 Royal Dutch Shell ADR ADR 780259206 11895 171370 SH Sole 171370 SANOFI-AVENTIS-ADR ADR 80105N105 1068 24800 SH Sole 24800 TEVA PHARM INDS -ADR ADR 881624209 3813 92082 SH Sole 92082 Tenaris SA - ADR ADR 88031M109 9234 226500 SH Sole 226500 Unilever PLC (ADS) ADR 904767704 716 19597 SH Sole 19597 REPORT SUMMARY 303 DATA RECORDS $1,244,479 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED