0001140361-13-021009.txt : 20130515
0001140361-13-021009.hdr.sgml : 20130515
20130515160541
ACCESSION NUMBER: 0001140361-13-021009
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130331
FILED AS OF DATE: 20130515
DATE AS OF CHANGE: 20130515
EFFECTIVENESS DATE: 20130515
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: LEUTHOLD WEEDEN CAPITAL MANAGEMENT
CENTRAL INDEX KEY: 0001170152
IRS NUMBER: 411971243
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-10174
FILM NUMBER: 13846956
BUSINESS ADDRESS:
STREET 1: 33 SOUTH SIXTH STREET
STREET 2: SUITE 4600
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402
BUSINESS PHONE: 6123329141
MAIL ADDRESS:
STREET 1: 33 SOUTH SIXTH STREET
STREET 2: SUITE 4600
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402
FORMER COMPANY:
FORMER CONFORMED NAME: LEUTHOLD WEEDEN CAPITAL MANAGEMENT LLC
DATE OF NAME CHANGE: 20020328
13F-HR
1
form13fhr.txt
NONE
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/2013
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: Leuthold Weeden Capital Management
Address: 33 South Sixth Street, Suite 4600
Minneapolis, MN 55402
Form 13F File Number: 028-10174
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the 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.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Roger Peters
Title: Chief Compliance Officer
Phone: (612) 332-9141
Signature, Place, and Date of Signing:
/s/ Roger Peters Minneapolis, MN 5/15/2013
--------------------------------- --------------------------------- ----------
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here 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).)
List of Other Managers Reporting for this Manager:
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 292
Form 13F Information Table Value Total: $ 1,208,281
--------------
(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
Accenture PLC SHS CL A G1151C101 3,813 50,190 SH SOLE 50,190 0 0
Activision Blizzard Inc. COM 00507V109 1,222 83,861 SH SOLE 83,861 0 0
AES Corp. COM 00130H105 1,146 91,205 SH SOLE 91,205 0 0
Aetna Inc. COM 00817Y108 1,177 23,029 SH SOLE 23,029 0 0
Agrium Inc. COM 008916108 9,641 98,879 SH SOLE 98,879 0 0
Alaska Air Group Inc. COM 011659109 10,208 159,602 SH SOLE 159,602 0 0
Allergan Inc. COM 018490102 6,306 56,486 SH SOLE 56,486 0 0
Alliance Data Systems Corp. COM 018581108 2,743 16,945 SH SOLE 16,945 0 0
Alliant Energy Corp. COM 018802108 927 18,483 SH SOLE 18,483 0 0
Allstate Corp. COM 020002101 1,927 39,275 SH SOLE 39,275 0 0
Altisource Portfolio Solutions REG SHS L0175J104 814 11,671 SH SOLE 11,671 0 0
Amdocs Ltd. ORD G02602103 3,538 97,593 SH SOLE 97,593 0 0
Amerco COM 023586100 1,437 8,282 SH SOLE 8,282 0 0
Ameren Corp. COM 023608102 1,172 33,471 SH SOLE 33,471 0 0
America Movil S.A.B. de C.V. SPON ADR L SHS 02364W105 5,348 255,171 SH SOLE 255,171 0 0
American Express Co. COM 025816109 5,163 76,533 SH SOLE 76,533 0 0
American International Group COM NEW 026874784 2,512 64,699 SH SOLE 64,699 0 0
American Tower REIT Inc. COM 03027X100 7,368 95,782 SH SOLE 95,782 0 0
Ameriprise Financial Inc. COM 03076C106 1,426 19,361 SH SOLE 19,361 0 0
Anheuser-Busch InBev N.V. SPONSORED ADR 03524A108 2,536 25,471 SH SOLE 25,471 0 0
AON PLC SHS CL A G0408V102 1,333 21,676 SH SOLE 21,676 0 0
Apartment Investment & Mgmt COM CL A 03748R101 8,256 269,272 SH SOLE 269,272 0 0
Apollo Investment Corp. COM 03761U106 1,075 128,646 SH SOLE 128,646 0 0
Apple Inc. COM 037833100 3,459 7,813 SH SOLE 7,813 0 0
Ashford Hospitality Trust COM SHS 044103109 3,029 245,073 SH SOLE 245,073 0 0
Associated Estates Realty COM 045604105 2,099 112,609 SH SOLE 112,609 0 0
Assurant Inc. COM 04621X108 1,322 29,369 SH SOLE 29,369 0 0
Baidu Inc. SPON ADR REP A 056752108 353 4,029 SH SOLE 4,029 0 0
Banco Bilbao Vizcaya Argent SPONSORED ADR 05946K101 1,680 191,551 SH SOLE 191,551 0 0
Banco Santander S.A. ADR 05964H105 3,461 508,233 SH SOLE 508,233 0 0
BanColombia S.A. SPON ADR PREF 05968L102 3,415 53,989 SH SOLE 53,989 0 0
Bank of America Corp. COM 060505104 1,497 122,939 SH SOLE 122,939 0 0
BB&T Corp. COM 054937107 1,200 38,223 SH SOLE 38,223 0 0
Bed Bath & Beyond Inc. COM 075896100 1,246 19,342 SH SOLE 19,342 0 0
Berkshire Hathaway Inc. CL B NEW 084670702 2,273 21,811 SH SOLE 21,811 0 0
BHP Billiton Ltd. SPONSORED ADR 088606108 1,045 15,276 SH SOLE 15,276 0 0
Biogen Idec Inc. COM 09062X103 2,388 12,398 SH SOLE 12,398 0 0
BioMed Realty Trust Inc. COM 09063H107 4,976 230,386 SH SOLE 230,386 0 0
BlackRock Inc. COM 09247X101 1,160 4,516 SH SOLE 4,516 0 0
Brandywine Realty Trust SH BEN INT NEW 105368203 5,503 370,593 SH SOLE 370,593 0 0
Bunge Ltd. COM G16962105 1,573 21,299 SH SOLE 21,299 0 0
Canadian National Railway Co. COM 136375102 8,343 83,185 SH SOLE 83,185 0 0
Canadian Pacific Railway Ltd. COM 13645T100 9,380 71,897 SH SOLE 71,897 0 0
Canon Inc. ADR 138006309 1,183 32,245 SH SOLE 32,245 0 0
Capital One Financial Corp. COM 14040H105 8,835 160,791 SH SOLE 160,791 0 0
Casey's General Stores Inc. COM 147528103 2,547 43,689 SH SOLE 43,689 0 0
Caterpillar Inc. COM 149123101 5,073 58,336 SH SOLE 58,336 0 0
CBL & Associates Properties COM 124830100 7,994 338,726 SH SOLE 338,726 0 0
CBOE Holdings Inc. COM 12503M108 5,260 142,403 SH SOLE 142,403 0 0
CBS Corp. CL B 124857202 1,511 32,363 SH SOLE 32,363 0 0
Celgene Corp. COM 151020104 3,160 27,263 SH SOLE 27,263 0 0
CenturyLink Inc. COM 156700106 926 26,354 SH SOLE 26,354 0 0
CF Industries Holdings Inc. COM 125269100 9,412 49,438 SH SOLE 49,438 0 0
Chevron Corp. COM 166764100 6,556 55,174 SH SOLE 55,174 0 0
China Mobile Ltd. SPONSORED ADR 16941M109 1,658 31,197 SH SOLE 31,197 0 0
China Petroleum & Chemical SPONSORED ADR 16941R108 767 6,557 SH SOLE 6,557 0 0
China Telecom Corp. Ltd. SPON ADR H SHS 169426103 207 4,064 SH SOLE 4,064 0 0
Cisco Systems Inc. COM 17275R102 1,195 57,204 SH SOLE 57,204 0 0
Citigroup Inc. COM NEW 172967424 1,454 32,874 SH SOLE 32,874 0 0
CME Group Inc. COM 12572Q105 5,273 85,866 SH SOLE 85,866 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
CNOOC Ltd. SPONSORED ADR 126132109 957 4,998 SH SOLE 4,998 0 0
Cognizant Technology Solutions CL A 192446102 3,816 49,799 SH SOLE 49,799 0 0
Community Health Systems Inc. COM 203668108 9,421 198,794 SH SOLE 198,794 0 0
Companhia Brasileira de Dist SPON ADR PFD CL A 20440T201 441 8,279 SH SOLE 8,279 0 0
Companhia de Saneamento SPONSORED ADR 20441A102 1,235 25,870 SH SOLE 25,870 0 0
ConAgra Foods Inc. COM 205887102 1,379 38,518 SH SOLE 38,518 0 0
ConocoPhillips COM 20825C104 2,386 39,693 SH SOLE 39,693 0 0
Convergys Corp. COM 212485106 2,255 132,434 SH SOLE 132,434 0 0
Cooper Tire & Rubber Co. COM 216831107 1,382 53,855 SH SOLE 53,855 0 0
Copa Holdings S.A. CL A P31076105 7,540 63,041 SH SOLE 63,041 0 0
CoreSite Realty Corp. COM 21870Q105 2,308 65,969 SH SOLE 65,969 0 0
Corporate Office Properties SH BEN INT 22002T108 5,744 215,309 SH SOLE 215,309 0 0
Cosan Ltd. SHS A G25343107 1,411 72,366 SH SOLE 72,366 0 0
Costco Wholesale Corp. COM 22160K105 1,144 10,783 SH SOLE 10,783 0 0
Credicorp Ltd. COM G2519Y108 7,660 46,131 SH SOLE 46,131 0 0
Crown Castle Intl Corp. COM 228227104 5,972 85,758 SH SOLE 85,758 0 0
CSX Corp. COM 126408103 8,695 353,034 SH SOLE 353,034 0 0
CubeSmart COM 229663109 3,951 250,091 SH SOLE 250,091 0 0
Cubist Pharmaceuticals Inc. COM 229678107 747 15,955 SH SOLE 15,955 0 0
Cummins Inc. COM 231021106 7,328 63,280 SH SOLE 63,280 0 0
CurrencyShares JAPANESE YEN 23130A102 12,234 117,581 SH SOLE 117,581 0 0
CVR Energy Inc. COM 12662P108 3,516 68,116 SH SOLE 68,116 0 0
CVR Partners LP COM 126633106 994 39,734 SH SOLE 39,734 0 0
CVS Caremark Corp. COM 126650100 18,491 336,266 SH SOLE 336,266 0 0
Dana Holding Corp. COM 235825205 1,377 77,213 SH SOLE 77,213 0 0
DaVita HealthCare Partners COM 23918K108 6,241 52,625 SH SOLE 52,625 0 0
Deere & Co. COM 244199105 5,114 59,479 SH SOLE 59,479 0 0
Delek US Holdings Inc. COM 246647101 5,442 137,912 SH SOLE 137,912 0 0
Delta Air Lines Inc. COM NEW 247361702 11,830 716,542 SH SOLE 716,542 0 0
Discover Financial Services COM 254709108 14,704 327,924 SH SOLE 327,924 0 0
Dr. Reddy's Laboratories Ltd. ADR 256135203 226 6,973 SH SOLE 6,973 0 0
DST Systems Inc. COM 233326107 2,598 36,447 SH SOLE 36,447 0 0
Dupont Fabros Technology Inc. COM 26613Q106 3,644 150,128 SH SOLE 150,128 0 0
Eaton Corporation PLC COM G29183103 1,792 29,265 SH SOLE 29,265 0 0
eBay Inc. COM 278642103 1,068 19,694 SH SOLE 19,694 0 0
Eli Lilly & Co. COM 532457108 3,084 54,297 SH SOLE 54,297 0 0
EMC Corp. COM 268648102 1,631 68,281 SH SOLE 68,281 0 0
Endurance Specialty Holdings SHS G30397106 1,379 28,839 SH SOLE 28,839 0 0
Ensco PLC SHS CLASS A G3157S106 1,134 18,899 SH SOLE 18,899 0 0
Everest Re Group Ltd. COM G3223R108 3,977 30,622 SH SOLE 30,622 0 0
Express Scripts Holding Co. COM 30219G108 9,850 170,948 SH SOLE 170,948 0 0
Exxon Mobil Corp. COM 30231G102 2,118 23,503 SH SOLE 23,503 0 0
Ezcorp Inc. CL A NON VOTING 302301106 2,083 97,779 SH SOLE 97,779 0 0
FedEx Corp. COM 31428X106 1,647 16,768 SH SOLE 16,768 0 0
Fifth Third Bancorp COM 316773100 2,396 146,890 SH SOLE 146,890 0 0
First Cash Financial Srvcs COM 31942D107 2,812 48,193 SH SOLE 48,193 0 0
Fiserv Inc. COM 337738108 3,916 44,567 SH SOLE 44,567 0 0
Foot Locker Inc. COM 344849104 1,581 46,186 SH SOLE 46,186 0 0
Ford Motor Company COM PAR $0.01 345370860 1,375 104,600 SH SOLE 104,600 0 0
Gartner Inc. COM 366651107 2,521 46,326 SH SOLE 46,326 0 0
General Electric Co. COM 369604103 1,160 50,156 SH SOLE 50,156 0 0
General Motors Co. COM 37045V100 1,398 50,264 SH SOLE 50,264 0 0
Genesee & Wyoming Inc. CL A 371559105 3,297 35,408 SH SOLE 35,408 0 0
Genworth Financial Inc. CL A 37247D106 1,980 198,026 SH SOLE 198,026 0 0
Gilead Sciences Inc. COM 375558103 1,335 27,275 SH SOLE 27,275 0 0
GlaxoSmithKline PLC SPONSORED ADR 37733W105 1,081 23,038 SH SOLE 23,038 0 0
Global Payments Inc. COM 37940X102 2,431 48,945 SH SOLE 48,945 0 0
Goldman Sachs Group Inc. COM 38141G104 1,051 7,141 SH SOLE 7,141 0 0
Google Inc. CL A 38259P508 3,138 3,951 SH SOLE 3,951 0 0
Graphic Packaging Holding COM 388689101 1,160 154,808 SH SOLE 154,808 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
HCA Holdings Inc. COM 40412C101 8,287 203,951 SH SOLE 203,951 0 0
Health Management Associates CL A 421933102 7,205 559,805 SH SOLE 559,805 0 0
HealthSouth Corp. COM NEW 421924309 4,181 158,569 SH SOLE 158,569 0 0
Helen of Troy Corp. COM G4388N106 1,293 33,714 SH SOLE 33,714 0 0
HollyFrontier Corp. COM 436106108 8,694 168,979 SH SOLE 168,979 0 0
Home Depot Inc. COM 437076102 2,697 38,656 SH SOLE 38,656 0 0
HSBC Holdings PLC SPON ADR NEW 404280406 5,563 104,287 SH SOLE 104,287 0 0
Humana Inc. COM 444859102 4,003 57,920 SH SOLE 57,920 0 0
Huntington Bancshares Inc. COM 446150104 2,527 342,913 SH SOLE 342,913 0 0
Huntsman Corp. COM 447011107 936 50,356 SH SOLE 50,356 0 0
ICICI Bank Ltd. ADR 45104G104 3,547 82,692 SH SOLE 82,692 0 0
Innophos Holdings Inc. COM 45774N108 1,077 19,729 SH SOLE 19,729 0 0
Interactive Brokers Group Inc. COM 45841N107 3,780 253,494 SH SOLE 253,494 0 0
International Business Machine COM 459200101 9,691 45,436 SH SOLE 45,436 0 0
Interpublic Group Of Cos. COM 460690100 10,875 834,627 SH SOLE 834,627 0 0
iShares Barclays 3-7 Year Tr BARCLYS 3-7 YR 464288661 2,749 22,262 SH SOLE 22,262 0 0
iShares Barclays Intermediate BARCLYS INTER CR 464288638 11,865 106,753 SH SOLE 106,753 0 0
iShares Barclays MBS Bd Fd BARCLYS MBS BD 464288588 54,643 506,232 SH SOLE 506,232 0 0
iShares Barclays TIPS Bd Fd BARCLYS TIPS BD 464287176 3,401 28,047 SH SOLE 28,047 0 0
iShares Core MSCI Emerg Mkt CORE MSCI EMKT 46434G103 1,068 21,041 SH SOLE 21,041 0 0
iShares Core Total U.S. Bd CORE TOTUSBD ETF 464287226 6,533 59,002 SH SOLE 59,002 0 0
iShares iBoxx $ InvesTop Inv IBOXX INV CPBD 464287242 6,416 53,513 SH SOLE 53,513 0 0
iShares JPMorgan USD JPMORGAN USD 464288281 17,501 148,779 SH SOLE 148,779 0 0
iShares MSCI All Country Asia MSCI ACJPN IDX 464288182 10,984 185,913 SH SOLE 185,913 0 0
iShares MSCI South Africa MSCI STH AFRCA 464286780 1,348 21,117 SH SOLE 21,117 0 0
iShares S&P Latin America 40 S&P LTN AM 40 464287390 2,928 67,076 SH SOLE 67,076 0 0
Itau Unibanco Holding S/A SPON ADR REP PFD 465562106 928 52,132 SH SOLE 52,132 0 0
Jack Henry & Associates Inc. COM 426281101 3,110 67,308 SH SOLE 67,308 0 0
JetBlue Airways Corp. COM 477143101 2,682 388,723 SH SOLE 388,723 0 0
JPMorgan Chase & Co. COM 46625H100 3,397 71,578 SH SOLE 71,578 0 0
Kansas City Southern COM NEW 485170302 5,050 45,534 SH SOLE 45,534 0 0
KB Financial Group Inc. SPONSORED ADR 48241A105 3,358 101,626 SH SOLE 101,626 0 0
KeyCorp COM 493267108 1,323 132,824 SH SOLE 132,824 0 0
KKR & Co. L.P. COM UNITS 48248M102 2,215 114,647 SH SOLE 114,647 0 0
L-3 Communications Holdings COM 502424104 1,136 14,040 SH SOLE 14,040 0 0
LaSalle Hotel Properties COM SH BEN INT 517942108 7,096 279,591 SH SOLE 279,591 0 0
Leucadia National Corp. COM 527288104 2,075 75,645 SH SOLE 75,645 0 0
Lexington Realty Trust COM 529043101 4,155 352,106 SH SOLE 352,106 0 0
Liberty Media Corp. CL A 531229102 1,089 9,759 SH SOLE 9,759 0 0
Liberty Property Trust SH BEN INT 531172104 5,007 125,952 SH SOLE 125,952 0 0
Life Technologies Corp. COM 53217V109 1,432 22,155 SH SOLE 22,155 0 0
LifePoint Hospitals Inc. COM 53219L109 2,586 53,358 SH SOLE 53,358 0 0
LyondellBasell Industries N.V. SHS - A - N53745100 1,844 29,129 SH SOLE 29,129 0 0
M&T Bank Corp. COM 55261F104 1,600 15,508 SH SOLE 15,508 0 0
Mack-Cali Realty Corp. COM 554489104 5,890 205,873 SH SOLE 205,873 0 0
Magellan Health Services Inc. COM NEW 559079207 3,294 69,247 SH SOLE 69,247 0 0
Magna International Inc. COM 559222401 3,979 67,781 SH SOLE 67,781 0 0
Marathon Petroleum Corp. COM 56585A102 9,565 106,754 SH SOLE 106,754 0 0
Market Vectors Russia ETF Tr RUSSIA ETF 57060U506 907 32,688 SH SOLE 32,688 0 0
MasterCard Inc. CL A 57636Q104 8,377 15,481 SH SOLE 15,481 0 0
McGraw Hill Financial Inc COM 580645109 2,767 53,129 SH SOLE 53,129 0 0
Merck & Co. Inc. COM 58933Y105 2,270 51,361 SH SOLE 51,361 0 0
MetroPCS Communications Inc. COM 591708102 1,092 100,140 SH SOLE 100,140 0 0
Microsoft Corp. COM 594918104 2,879 100,655 SH SOLE 100,655 0 0
Mobile TeleSystems SPONSORED ADR 607409109 555 26,736 SH SOLE 26,736 0 0
Monsanto Co. COM 61166W101 13,504 127,843 SH SOLE 127,843 0 0
Montpelier Re Holdings Ltd. SHS G62185106 1,269 48,698 SH SOLE 48,698 0 0
Moody's Corp. COM 615369105 9,744 182,750 SH SOLE 182,750 0 0
Mosaic Co. COM 61945C103 8,355 140,157 SH SOLE 140,157 0 0
Mylan Inc. COM 628530107 5,633 194,558 SH SOLE 194,558 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
National Oilwell Varco Inc. COM 637071101 1,626 22,981 SH SOLE 22,981 0 0
NetEase, Inc. SPONSORED ADR 64110W102 468 8,546 SH SOLE 8,546 0 0
Norfolk Southern Corp. COM 655844108 10,435 135,384 SH SOLE 135,384 0 0
Novo Nordisk A/S ADR 670100205 2,059 12,752 SH SOLE 12,752 0 0
Omega Healthcare Investors COM 681936100 9,352 308,042 SH SOLE 308,042 0 0
Omnicare Inc. COM 681904108 7,309 179,502 SH SOLE 179,502 0 0
Omnicom Group Inc. COM 681919106 12,182 206,823 SH SOLE 206,823 0 0
Oracle Corp. COM 68389X105 2,013 62,262 SH SOLE 62,262 0 0
Oshkosh Corp. COM 688239201 1,008 23,732 SH SOLE 23,732 0 0
PacWest Bancorp COM 695263103 1,720 59,081 SH SOLE 59,081 0 0
Parkway Properties Inc. COM 70159Q104 2,122 114,377 SH SOLE 114,377 0 0
PartnerRe Ltd. COM G6852T105 2,589 27,811 SH SOLE 27,811 0 0
Pennsylvania Real Estate SH BEN INT 709102107 1,974 101,794 SH SOLE 101,794 0 0
Pfizer Inc. COM 717081103 10,412 360,782 SH SOLE 360,782 0 0
Philip Morris International COM 718172109 1,769 19,080 SH SOLE 19,080 0 0
Phillips 66 COM 718546104 9,927 141,879 SH SOLE 141,879 0 0
Pier 1 Imports Inc. COM 720279108 4,383 190,567 SH SOLE 190,567 0 0
PIMCO 0-5 Year High Yld 0-5 HIGH YIELD 72201R783 5,228 49,997 SH SOLE 49,997 0 0
Platinum Underwriters Hldgs COM G7127P100 1,294 23,194 SH SOLE 23,194 0 0
PNC Financial Services Group COM 693475105 2,333 35,086 SH SOLE 35,086 0 0
Portfolio Recovery Associates COM 73640Q105 2,659 20,950 SH SOLE 20,950 0 0
PowerShares Build America BUILD AMER ETF 73937B407 16,787 554,219 SH SOLE 554,219 0 0
PowerShares Emerging Mkts SOVREIGN DEBT 73936T573 12,459 418,377 SH SOLE 418,377 0 0
PowerShares Senior Loan SENIOR LN PORT 73936Q769 7,866 313,382 SH SOLE 313,382 0 0
priceline.com Inc. COM NEW 741503403 1,570 2,281 SH SOLE 2,281 0 0
Prudential Financial Inc. COM 744320102 849 14,387 SH SOLE 14,387 0 0
QUALCOMM Inc. COM 747525103 2,803 41,880 SH SOLE 41,880 0 0
Quest Diagnostics Inc. COM 74834L100 4,504 79,769 SH SOLE 79,769 0 0
Ramco-Gershenson Prop Tr COM SH BEN INT 751452202 3,153 187,652 SH SOLE 187,652 0 0
Raytheon Co. COM NEW 755111507 1,100 18,714 SH SOLE 18,714 0 0
RLJ Lodging Trust COM 74965L101 3,230 141,934 SH SOLE 141,934 0 0
Rockwood Holdings Inc. COM 774415103 2,389 36,504 SH SOLE 36,504 0 0
Rogers Communications Inc. COM 775109200 5,461 106,957 SH SOLE 106,957 0 0
Royal Dutch Shell PLC SPON ADR A 780259206 1,823 27,971 SH SOLE 27,971 0 0
Ryanair Holdings PLC SPONSORED ADR 783513104 9,775 233,965 SH SOLE 233,965 0 0
Ryder System Inc. COM 783549108 1,120 18,741 SH SOLE 18,741 0 0
Sabra Healthcare REIT Inc. COM 78573L106 2,367 81,576 SH SOLE 81,576 0 0
Safeway Inc. COM NEW 786514208 3,274 124,247 SH SOLE 124,247 0 0
SanDisk Corp. COM 80004C101 956 17,389 SH SOLE 17,389 0 0
Sapient Corp. COM 803062108 2,845 233,385 SH SOLE 233,385 0 0
Sasol Ltd. SPONSORED ADR 803866300 887 19,992 SH SOLE 19,992 0 0
Select Medical Holdings Corp COM 81619Q105 959 106,534 SH SOLE 106,534 0 0
Shire PLC SPONSORED ADR 82481R106 1,540 16,859 SH SOLE 16,859 0 0
Siemens AG SPONSORED ADR 826197501 2,118 19,645 SH SOLE 19,645 0 0
SK Telecom Co. Ltd. SPONSORED ADR 78440P108 6,290 351,978 SH SOLE 351,978 0 0
SLM Corp. COM 78442P106 6,844 333,878 SH SOLE 333,878 0 0
Sohu.com Inc. COM 83408W103 739 14,894 SH SOLE 14,894 0 0
Southwest Airlines Co. COM 844741108 9,804 727,268 SH SOLE 727,268 0 0
SPDR Barclays International Tr BARCLYS INTL ETF 78464A516 31,106 531,734 SH SOLE 531,734 0 0
SPDR Barclays Short Term Hi CAP S/T HI YLD 78468R408 4,145 134,238 SH SOLE 134,238 0 0
SPDR Barclays Shrt Trm Int SHRT INTL ETF 78464A334 4,306 121,814 SH SOLE 121,814 0 0
SPDR Gold Trust GOLD SHS 78463V107 10,507 68,017 SH SOLE 68,017 0 0
SPDR S&P 500 TR UNIT 78462F103 623 3,972 SH SOLE 3,972 0 0
SPDR S&P Emerging Eur EUROPE ETF 78463X608 684 16,590 SH SOLE 16,590 0 0
Spreadtrum Communications Inc. ADR 849415203 502 24,488 SH SOLE 24,488 0 0
STAG Industrial Inc. COM 85254J102 2,093 98,406 SH SOLE 98,406 0 0
Starz Liberty Capital LIBRTY CAP COM A 85571Q102 216 9,759 SH SOLE 9,759 0 0
Statoil ASA SPONSORED ADR 85771P102 1,026 41,669 SH SOLE 41,669 0 0
Sumitomo Mitsui Financial SPONSORED ADR 86562M209 1,829 224,178 SH SOLE 224,178 0 0
Sun Life Financial, Inc. COM 866796105 2,319 84,982 SH SOLE 84,982 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
SunTrust Banks Inc. COM 867914103 1,955 67,851 SH SOLE 67,851 0 0
Symantec Corp. COM 871503108 1,348 54,636 SH SOLE 54,636 0 0
Synovus Financial Corp. COM 87161C105 1,240 447,715 SH SOLE 447,715 0 0
Taiwan Semiconductor Mfg SPONSORED ADR 874039100 215 12,500 SH SOLE 12,500 0 0
Tata Motors Ltd. SPONSORED ADR 876568502 1,487 60,909 SH SOLE 60,909 0 0
Telefonica Brasil SA SPONSORED ADR 87936R106 1,984 74,376 SH SOLE 74,376 0 0
Telekomunikasi Indonesia SPONSORED ADR 715684106 1,683 37,325 SH SOLE 37,325 0 0
Tesoro Corp. COM 881609101 8,069 137,811 SH SOLE 137,811 0 0
Teva Pharmaceutical Industries ADR 881624209 1,570 39,574 SH SOLE 39,574 0 0
Thor Industries Inc. COM 885160101 603 16,395 SH SOLE 16,395 0 0
TIM Participacoes S/A SPONSORED ADR 88706P205 232 10,601 SH SOLE 10,601 0 0
TJX Cos. COM 872540109 1,849 39,555 SH SOLE 39,555 0 0
Total S.A. SPONSORED ADR 89151E109 3,115 64,915 SH SOLE 64,915 0 0
Total System Services Inc. COM 891906109 2,172 87,660 SH SOLE 87,660 0 0
Toyota Motor Corp. SP ADR REP2COM 892331307 1,155 11,252 SH SOLE 11,252 0 0
TRW Automotive Holdings COM 87264S106 2,705 49,178 SH SOLE 49,178 0 0
Turkcell Iletisim Hizmetleri A SPON ADR NEW 900111204 1,218 73,168 SH SOLE 73,168 0 0
Umpqua Holdings Corp. COM 904214103 1,377 103,870 SH SOLE 103,870 0 0
Union Pacific Corp. COM 907818108 11,994 84,221 SH SOLE 84,221 0 0
United Continental Holdings COM 910047109 1,565 48,894 SH SOLE 48,894 0 0
United Therapeutics Corp. COM 91307C102 682 11,205 SH SOLE 11,205 0 0
UnitedHealth Group Inc. COM 91324P102 8,531 149,124 SH SOLE 149,124 0 0
Universal Health Services Inc. CL B 913903100 8,461 132,478 SH SOLE 132,478 0 0
US Airways Group Inc. COM 90341W108 11,363 669,618 SH SOLE 669,618 0 0
Valero Energy Corp. COM 91913Y100 6,286 138,178 SH SOLE 138,178 0 0
Validus Holdings Ltd. SHS G9319H102 2,360 63,157 SH SOLE 63,157 0 0
Valmont Industries Inc. COM 920253101 1,690 10,744 SH SOLE 10,744 0 0
Valspar Corp. COM 920355104 1,115 17,905 SH SOLE 17,905 0 0
Vanguard FTSE Emrg Mkts MSCI EMR MKT ETF 922042858 3,664 85,415 SH SOLE 85,415 0 0
Vanguard FTSE Europe ETF MSCI EUROPE ETF 922042874 2,802 57,025 SH SOLE 57,025 0 0
Vanguard Mortgage-Backed Sec MORTG-BACK SEC 92206C771 3,444 66,038 SH SOLE 66,038 0 0
Vanguard Total Bond Market TOTAL BND MRKT 921937835 8,501 101,637 SH SOLE 101,637 0 0
VCA Antech Inc. COM 918194101 2,663 113,383 SH SOLE 113,383 0 0
Verizon Communications Inc. COM 92343V104 3,549 72,211 SH SOLE 72,211 0 0
Visa Inc. COM CL A 92826C839 9,404 55,370 SH SOLE 55,370 0 0
Vodafone Group PLC SPON ADR NEW 92857W209 1,943 68,406 SH SOLE 68,406 0 0
Wal-Mart Stores Inc. COM 931142103 5,319 71,075 SH SOLE 71,075 0 0
Walgreen Co. COM 931422109 17,542 367,907 SH SOLE 367,907 0 0
Walt Disney Co. COM DISNEY 254687106 1,195 21,042 SH SOLE 21,042 0 0
Webster Financial Corp. COM 947890109 1,752 72,215 SH SOLE 72,215 0 0
Wellcare Health Plans Inc. COM 94946T106 3,227 55,674 SH SOLE 55,674 0 0
WellPoint Inc. COM 94973V107 5,885 88,863 SH SOLE 88,863 0 0
Wells Fargo & Co. COM 949746101 10,524 284,516 SH SOLE 284,516 0 0
Werner Enterprises Inc. COM 950755108 1,324 54,843 SH SOLE 54,843 0 0
Western Refining Inc. COM 959319104 3,295 93,043 SH SOLE 93,043 0 0
Western Union Co. COM 959802109 2,230 148,287 SH SOLE 148,287 0 0
Williams-Sonoma Inc. COM 969904101 5,471 106,198 SH SOLE 106,198 0 0
Wipro Ltd. SPON ADR 1 SH 97651M109 241 23,862 SH SOLE 23,862 0 0
WPP PLC ADR 92937A102 6,361 79,397 SH SOLE 79,397 0 0
WuXi PharmaTech Cayman SPON ADR SHS 929352102 182 10,579 SH SOLE 10,579 0 0
Yahoo! Inc. COM 984332106 1,077 45,790 SH SOLE 45,790 0 0
Zimmer Holdings Inc. COM 98956P102 898 11,936 SH SOLE 11,936 0 0