0001270062-12-000002.txt : 20120123
0001270062-12-000002.hdr.sgml : 20120123
20120123104423
ACCESSION NUMBER: 0001270062-12-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120123
DATE AS OF CHANGE: 20120123
EFFECTIVENESS DATE: 20120123
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NATCAN INVESTMENT MANAGEMENT INC
CENTRAL INDEX KEY: 0001270062
IRS NUMBER: 137396289
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-10592
FILM NUMBER: 12538453
BUSINESS ADDRESS:
STREET 1: 1100 UNIVERSITY
STREET 2: STE 400
CITY: MONTREAL
STATE: A8
ZIP: H2B 2G7
BUSINESS PHONE: 514-871-7600
MAIL ADDRESS:
STREET 1: 1100 UNIVERSITY
STREET 2: STE 400
CITY: MONTREAL
STATE: A8
ZIP: H2B 2G7
13F-HR
1
f13f1112.txt
Q4-2011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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: Natcan Investment Management Inc
Address: 1100 University, Suite 400
Montreal, Quebec H3B 2G7
13F File Number: 028-10592
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 form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Nathalie Bouchard
Title: VP Compliance & Operational Risk
Phone: 514-871-7485
Signature, Place, and Date of Signing:
/s/ Nathalie Bouchard Montreal, Quebec, Cda January 23, 2012
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 386
Form 13F Information Table Value Total: $4,285,932 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 16271 289364 SH SOLE 289364 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 17034 320729 SH SOLE 320729 0 0
ACE LTD SHS H0023R105 28460 405874 SH SOLE 405874 0 0
ACTIVISION BLIZZARD INC COM 00507V109 426 34596 SH SOLE 34596 0 0
ADOBE SYS INC COM 00724F101 532 18810 SH SOLE 18810 0 0
ADVANTAGE OIL & GAS LTD COM 00765F101 16676 3999855 SH SOLE 3999855 0 0
AECOM TECHNOLOGY CORP DELAWA COM 00766T100 814 39562 SH SOLE 39562 0 0
AEGION CORP COM 00770F104 1147 74800 SH SOLE 74800 0 0
AES CORP COM 00130H105 1062 89677 SH SOLE 89677 0 0
AETNA INC NEW COM 00817Y108 264 6253 SH SOLE 6253 0 0
AGCO CORP COM 001084102 1152 26800 SH SOLE 26800 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 963 27556 SH SOLE 27556 0 0
AGNICO EAGLE MINES LTD COM 008474108 1574 43200 SH SOLE 43200 0 0
AGRIUM INC COM 008916108 47163 701448 SH SOLE 701448 0 0
AIR METHODS CORP COM PAR $.06 009128307 1073 12700 SH SOLE 12700 0 0
ALLERGAN INC COM 018490102 20533 234021 SH SOLE 234021 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 30136 290212 SH SOLE 290212 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 1132 19800 SH SOLE 19800 0 0
ALLIED NEVADA GOLD CORP COM 019344100 17287 568040 SH SOLE 568040 0 0
ALLOT COMMUNICATIONS LTD SHS M0854Q105 1160 76300 SH SOLE 76300 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 1300 25900 SH SOLE 25900 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 3096 137000 SH SOLE 137000 0 0
AMERICAN CAP LTD COM 02503Y103 1121 166600 SH SOLE 166600 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 1070 38100 SH SOLE 38100 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1165 76200 SH SOLE 76200 0 0
AMERICAN EXPRESS CO COM 025816109 994 21428 SH SOLE 21428 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 1147 31100 SH SOLE 31100 0 0
AMERIGROUP CORP COM 03073T102 1170 19800 SH SOLE 19800 0 0
AMETEK INC NEW COM 031100100 14692 348990 SH SOLE 348990 0 0
AMGEN INC COM 031162100 1740 27105 SH SOLE 27105 0 0
AMSURG CORP COM 03232P405 1141 43800 SH SOLE 43800 0 0
ANALOG DEVICES INC COM 032654105 1439 40908 SH SOLE 40908 0 0
APOLLO GROUP INC CL A 037604105 1142 21200 SH SOLE 21200 0 0
APPLE INC COM 037833100 65294 161219 SH SOLE 161219 0 0
APPLIED MATLS INC COM 038222105 1505 140512 SH SOLE 140512 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1130 39500 SH SOLE 39500 0 0
ARES CAP CORP COM 04010L103 1156 74800 SH SOLE 74800 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 6549 236665 SH SOLE 236665 0 0
ARROW ELECTRS INC COM 042735100 310 8281 SH SOLE 8281 0 0
ASML HOLDING N V NY REG SHS N07059186 1337 32000 SH SOLE 32000 0 0
ASSURANT INC COM 04621X108 15250 371415 SH SOLE 371415 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 1491 32202 SH SOLE 32202 0 0
AT&T INC COM 00206R102 2471 81724 SH SOLE 81724 0 0
ATWOOD OCEANICS INC COM 050095108 1285 32300 SH SOLE 32300 0 0
AURICO GOLD INC COM 05155C105 23406 2906459 SH SOLE 2906459 0 0
AURIZON MINES LTD COM 05155P106 11769 2393780 SH SOLE 2393780 0 0
AVALON RARE METALS INC COM 053470100 1173 495000 SH SOLE 495000 0 0
BAIDU INC SPON ADR REP A 056752108 7908 67900 SH SOLE 67900 0 0
BANCO MACRO SA SPON ADR B 05961W105 1279 65600 SH SOLE 65600 0 0
BANCO SANTANDER SA ADR 05964H105 1377 183100 SH SOLE 183100 0 0
BANK MONTREAL QUE COM 063671101 69394 1262943 SH SOLE 1262943 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 89951 1799727 SH SOLE 1799727 0 0
BANK OF AMERICA CORPORATION COM 060505104 495 89099 SH SOLE 89099 0 0
BANRO CORP COM 066800103 171 45900 SH SOLE 45900 0 0
BARRICK GOLD CORP COM 067901108 122509 2699721 SH SOLE 2699721 0 0
BAXTER INTL INC COM 071813109 350 7070 SH SOLE 7070 0 0
BAYTEX ENERGY CORP COM 07317Q105 36197 646164 SH SOLE 646164 0 0
BCE INC COM NEW 05534B760 125199 2998056 SH SOLE 2998056 0 0
BECTON DICKINSON & CO COM 075887109 1574 21428 SH SOLE 21428 0 0
BEST BUY INC COM 086516101 2073 88700 SH SOLE 88700 0 0
BHP BILLITON PLC SPONSORED ADR 05545E209 1337 22900 SH SOLE 22900 0 0
BIG LOTS INC COM 089302103 1118 29600 SH SOLE 29600 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 1100 79868 SH SOLE 79868 0 0
BLOCK H & R INC COM 093671105 1199 73400 SH SOLE 73400 0 0
BLUE COAT SYSTEMS INC COM NEW 09534T508 1112 43700 SH SOLE 43700 0 0
BMC SOFTWARE INC COM 055921100 416 12697 SH SOLE 12697 0 0
BOSTON SCIENTIFIC CORP COM 101137107 205 38305 SH SOLE 38305 0 0
BP PLC SPONSORED ADR 055622104 1304 30500 SH SOLE 30500 0 0
BRIDGEPOINT ED INC COM 10807M105 2715 118047 SH SOLE 118047 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 23683 672047 SH SOLE 672047 0 0
BRISTOW GROUP INC COM 110394103 1137 24000 SH SOLE 24000 0 0
BROADCOM CORP CL A 111320107 7501 255486 SH SOLE 255486 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 993 191320 SH SOLE 191320 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 20022 726205 SH SOLE 726205 0 0
BROOKFIELD OFFICE PPTYS INC COM 112900105 8196 521933 SH SOLE 521933 0 0
BT GROUP PLC ADR 05577E101 1310 44200 SH SOLE 44200 0 0
BUNGE LIMITED COM G16962105 1133 19800 SH SOLE 19800 0 0
C&J ENERGY SVCS INC COM 12467B304 8887 424602 SH SOLE 424602 0 0
CA INC COM 12673P105 471 23282 SH SOLE 23282 0 0
CAE INC COM 124765108 14946 1536934 SH SOLE 1536934 0 0
CAMECO CORP COM 13321L108 5020 277300 SH SOLE 277300 0 0
CANADIAN NAT RES LTD COM 136385101 192404 5129092 SH SOLE 5129092 0 0
CANADIAN NATL RY CO COM 136375102 108143 1372198 SH SOLE 1372198 0 0
CANADIAN PAC RY LTD COM 13645T100 19578 288527 SH SOLE 288527 0 0
CAPELLA EDUCATION COMPANY COM 139594105 1222 33900 SH SOLE 33900 0 0
CAPITAL ONE FINL CORP COM 14040H105 16949 400782 SH SOLE 400782 0 0
CARDINAL HEALTH INC COM 14149Y108 1304 32638 SH SOLE 32638 0 0
CARTER INC COM 146229109 1123 28200 SH SOLE 28200 0 0
CASH AMER INTL INC COM 14754D100 1119 24000 SH SOLE 24000 0 0
CATERPILLAR INC DEL COM 149123101 21345 235596 SH SOLE 235596 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 121888 1679902 SH SOLE 1679902 0 0
CELESTICA INC SUB VTG SHS 15101Q108 32399 4399177 SH SOLE 4399177 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 1464 271584 SH SOLE 271584 0 0
CENOVUS ENERGY INC COM 15135U109 103158 3101142 SH SOLE 3101142 0 0
CENTURYLINK INC COM 156700106 1140 31168 SH SOLE 31168 0 0
CERNER CORP COM 156782104 216 3521 SH SOLE 3521 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 362 6897 SH SOLE 6897 0 0
CHEVRON CORP NEW COM 166764100 17055 160295 SH SOLE 160295 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 1327 35100 SH SOLE 35100 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 1052 19800 SH SOLE 19800 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1333 27500 SH SOLE 27500 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 1282 12200 SH SOLE 12200 0 0
CIMAREX ENERGY CO COM 171798101 220 3550 SH SOLE 3550 0 0
CINEMARK HOLDINGS INC COM 17243V102 2149 116248 SH SOLE 116248 0 0
CISCO SYS INC COM 17275R102 29573 1635661 SH SOLE 1635661 0 0
CIT GROUP INC COM NEW 125581801 1084 31100 SH SOLE 31100 0 0
CITIGROUP INC COM NEW 172967424 18355 697657 SH SOLE 697657 0 0
CITY NATL CORP COM 178566105 12653 286397 SH SOLE 286397 0 0
CLAUDE RES INC COM 182873109 2915 2180000 SH SOLE 2180000 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 438 7030 SH SOLE 7030 0 0
CMS ENERGY CORP COM 125896100 1183 53600 SH SOLE 53600 0 0
CNOOC LTD SPONSORED ADR 126132109 1293 7400 SH SOLE 7400 0 0
COACH INC COM 189754104 11232 184018 SH SOLE 184018 0 0
COBALT INTL ENERGY INC COM 19075F106 1676 108000 SH SOLE 108000 0 0
COCA COLA CO COM 191216100 1280 18290 SH SOLE 18290 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 18552 719644 SH SOLE 719644 0 0
COINSTAR INC COM 19259P300 1667 36518 SH SOLE 36518 0 0
COLUMBIA BKG SYS INC COM 197236102 954 49532 SH SOLE 49532 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 1569 89903 SH SOLE 89903 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1358 24400 SH SOLE 24400 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 1345 64100 SH SOLE 64100 0 0
COMSTOCK RES INC COM NEW 205768203 7746 506245 SH SOLE 506245 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 1090 38100 SH SOLE 38100 0 0
CONAGRA FOODS INC COM 205887102 795 30123 SH SOLE 30123 0 0
CONCHO RES INC COM 20605P101 328 3500 SH SOLE 3500 0 0
CONOCOPHILLIPS COM 20825C104 32429 445023 SH SOLE 445023 0 0
CONSTELLATION BRANDS INC CL A 21036P108 796 38490 SH SOLE 38490 0 0
CONTINENTAL RESOURCES INC COM 212015101 420 6300 SH SOLE 6300 0 0
COOPER COS INC COM NEW 216648402 1178 16700 SH SOLE 16700 0 0
CORE LABORATORIES N V COM N22717107 11850 103992 SH SOLE 103992 0 0
CORNING INC COM 219350105 1449 111624 SH SOLE 111624 0 0
COSTCO WHSL CORP NEW COM 22160K105 19625 235541 SH SOLE 235541 0 0
COVENTRY HEALTH CARE INC COM 222862104 1981 65242 SH SOLE 65242 0 0
CREDICORP LTD COM G2519Y108 2283 20857 SH SOLE 20857 0 0
CROCS INC COM 227046109 1311 88740 SH SOLE 88740 0 0
CTC MEDIA INC COM 12642X106 1298 148000 SH SOLE 148000 0 0
CUBIC CORP COM 229669106 1107 25400 SH SOLE 25400 0 0
CUMMINS INC COM 231021106 17112 194415 SH SOLE 194415 0 0
CURTISS WRIGHT CORP COM 231561101 1148 32500 SH SOLE 32500 0 0
DARLING INTL INC COM 237266101 1200 90300 SH SOLE 90300 0 0
DAVITA INC COM 23918K108 202 2662 SH SOLE 2662 0 0
DELL INC COM 24702R101 660 45084 SH SOLE 45084 0 0
DELUXE CORP COM 248019101 1156 50800 SH SOLE 50800 0 0
DEVRY INC DEL COM 251893103 1250 32500 SH SOLE 32500 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 1338 15300 SH SOLE 15300 0 0
DOLLAR TREE INC COM 256746108 1055 12700 SH SOLE 12700 0 0
DONNELLEY R R & SONS CO COM 257867101 907 62850 SH SOLE 62850 0 0
DOW CHEM CO COM 260543103 2594 91000 SH SOLE 91000 0 0
DTE ENERGY CO COM 233331107 1154 21200 SH SOLE 21200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1163 25400 SH SOLE 25400 0 0
E M C CORP MASS COM 268648102 14424 669659 SH SOLE 669659 0 0
EAST WEST BANCORP INC COM 27579R104 1566 79312 SH SOLE 79312 0 0
ECOLAB INC COM 278865100 13386 231547 SH SOLE 231547 0 0
EDISON INTL COM 281020107 1167 28200 SH SOLE 28200 0 0
ELDORADO GOLD CORP NEW COM 284902103 4844 351400 SH SOLE 351400 0 0
ENBRIDGE INC COM 29250N105 28023 748201 SH SOLE 748201 0 0
ENCANA CORP COM 292505104 15282 822730 SH SOLE 822730 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 287 8298 SH SOLE 8298 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2014 52665 SH SOLE 52665 0 0
ENERPLUS CORP COM 292766102 1162 45700 SH SOLE 45700 0 0
ENI S P A SPONSORED ADR 26874R108 1387 33600 SH SOLE 33600 0 0
ENTERGY CORP NEW COM 29364G103 1132 15500 SH SOLE 15500 0 0
ENTREE GOLD INC COM 29383G100 135 110000 SH SOLE 110000 0 0
EXELON CORP COM 30161N101 14538 335200 SH SOLE 335200 0 0
EXFO INC SUB VTG SHS 302046107 232 38500 SH SOLE 38500 0 0
EXTORRE GOLD MINES LTD COM 30227B109 2346 316800 SH SOLE 316800 0 0
EXXON MOBIL CORP COM 30231G102 2272 27234 SH SOLE 27234 0 0
FIRSTSERVICE CORP SUB VTG SH 33761N109 15334 578644 SH SOLE 578644 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 1269 224200 SH SOLE 224200 0 0
FOCUS MEDIA HLDG LTD SPONSORED ADR 34415V109 1450 74400 SH SOLE 74400 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 824 77920 SH SOLE 77920 0 0
FOREST LABS INC COM 345838106 2711 89593 SH SOLE 89593 0 0
FOSTER WHEELER AG COM H27178104 1430 74700 SH SOLE 74700 0 0
FRANCE TELECOM SPONSORED ADR 35177Q105 1337 85400 SH SOLE 85400 0 0
FRANCO NEVADA CORP COM 351858105 8135 213339 SH SOLE 213339 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 18651 506953 SH SOLE 506953 0 0
GAMESTOP CORP NEW CL A 36467W109 2821 116917 SH SOLE 116917 0 0
GANNETT INC COM 364730101 1151 86100 SH SOLE 86100 0 0
GAP INC DEL COM 364760108 1126 60700 SH SOLE 60700 0 0
GARMIN LTD SHS H2906T109 1338 33600 SH SOLE 33600 0 0
GENERAL DYNAMICS CORP COM 369550108 1122 16900 SH SOLE 16900 0 0
GENERAL ELECTRIC CO COM 369604103 2346 131922 SH SOLE 131922 0 0
GENESCO INC COM 371532102 1130 18300 SH SOLE 18300 0 0
GILDAN ACTIVEWEAR INC COM 375916103 6242 331300 SH SOLE 331300 0 0
GILEAD SCIENCES INC COM 375558103 372 9082 SH SOLE 9082 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 698 15710 SH SOLE 15710 0 0
GOLDCORP INC NEW COM 380956409 110969 2496245 SH SOLE 2496245 0 0
GOOGLE INC CL A 38259P508 24233 37518 SH SOLE 37518 0 0
GRAN TIERRA ENERGY INC COM 38500T101 13333 2756009 SH SOLE 2756009 0 0
GREAT BASIN GOLD LTD COM 390124105 4885 5229532 SH SOLE 5229532 0 0
GROUPE CGI INC CL A SUB VTG 39945C109 32725 1733427 SH SOLE 1733427 0 0
GT ADVANCED TECHNOLOGIES INC COM 36191U106 1145 158100 SH SOLE 158100 0 0
GUESS INC COM 401617105 1136 38100 SH SOLE 38100 0 0
HARRIS CORP DEL COM 413875105 445 12334 SH SOLE 12334 0 0
HARTE-HANKS INC COM 416196103 1091 120000 SH SOLE 120000 0 0
HCP INC COM 40414L109 1666 40908 SH SOLE 40908 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1364 51900 SH SOLE 51900 0 0
HEINZ H J CO COM 423074103 1035 19480 SH SOLE 19480 0 0
HELMERICH & PAYNE INC COM 423452101 14000 239895 SH SOLE 239895 0 0
HESS CORP COM 42809H107 1741 31168 SH SOLE 31168 0 0
HEWLETT PACKARD CO COM 428236103 1086 42856 SH SOLE 42856 0 0
HONEYWELL INTL INC COM 438516106 1323 24706 SH SOLE 24706 0 0
HUDBAY MINERALS INC COM 443628102 1791 179600 SH SOLE 179600 0 0
HUMANA INC COM 444859102 16978 193796 SH SOLE 193796 0 0
IAMGOLD CORP COM 450913108 22313 1402491 SH SOLE 1402491 0 0
IMPERIAL OIL LTD COM NEW 453038408 2870 64300 SH SOLE 64300 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 279 10302 SH SOLE 10302 0 0
ING GROEP N V SPONSORED ADR 456837103 1400 195300 SH SOLE 195300 0 0
INTEL CORP COM 458140100 5101 210364 SH SOLE 210364 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 5602 30465 SH SOLE 30465 0 0
INTL PAPER CO COM 460146103 21731 734139 SH SOLE 734139 0 0
INTUIT COM 461202103 574 10914 SH SOLE 10914 0 0
ISHARES INC MSCI JAPAN 464286848 742 81486 SH SOLE 81486 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 4430 238702 SH SOLE 238702 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 1206 21200 SH SOLE 21200 0 0
IVANHOE MINES LTD COM 46579N103 10824 608500 SH SOLE 608500 0 0
JABIL CIRCUIT INC COM 466313103 369 18757 SH SOLE 18757 0 0
JACK IN THE BOX INC COM 466367109 1884 90141 SH SOLE 90141 0 0
JAGUAR MNG INC COM 47009M103 160 25000 SH SOLE 25000 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 7634 731268 SH SOLE 731268 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 2016 131166 SH SOLE 131166 0 0
JOHNSON & JOHNSON COM 478160104 1269 19350 SH SOLE 19350 0 0
JPMORGAN CHASE & CO COM 46625H100 343 10318 SH SOLE 10318 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 278 3278 SH SOLE 3278 0 0
KINROSS GOLD CORP COM NO PAR 496902404 7073 618475 SH SOLE 618475 0 0
KIT DIGITAL INC COM NEW 482470200 16892 1999054 SH SOLE 1999054 0 0
KOHLS CORP COM 500255104 1985 40908 SH SOLE 40908 0 0
KULICKE & SOFFA INDS INC COM 501242101 1202 129900 SH SOLE 129900 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 1011 15164 SH SOLE 15164 0 0
LAKE SHORE GOLD CORP COM 510728108 1053 837000 SH SOLE 837000 0 0
LANDSTAR SYS INC COM 515098101 1090 22752 SH SOLE 22752 0 0
LEXMARK INTL NEW CL A 529771107 1121 33900 SH SOLE 33900 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 1155 31100 SH SOLE 31100 0 0
LILLY ELI & CO COM 532457108 1689 40638 SH SOLE 40638 0 0
LKQ CORP COM 501889208 1146 38100 SH SOLE 38100 0 0
LOCKHEED MARTIN CORP COM 539830109 12511 154645 SH SOLE 154645 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1339 41200 SH SOLE 41200 0 0
MAGNA INTL INC COM 559222401 89430 2675011 SH SOLE 2675011 0 0
MANULIFE FINL CORP COM 56501R106 85717 8034448 SH SOLE 8034448 0 0
MARATHON OIL CORP COM 565849106 1977 67546 SH SOLE 67546 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 840 34265 SH SOLE 34265 0 0
MAXIMUS INC COM 577933104 1108 26800 SH SOLE 26800 0 0
MB FINANCIAL INC NEW COM 55264U108 987 57705 SH SOLE 57705 0 0
MCDONALDS CORP COM 580135101 24902 248200 SH SOLE 248200 0 0
MCKESSON CORP COM 58155Q103 14082 180750 SH SOLE 180750 0 0
MERCADOLIBRE INC COM 58733R102 3237 40700 SH SOLE 40700 0 0
MERCK & CO INC NEW COM 58933Y105 2389 63377 SH SOLE 63377 0 0
MEREDITH CORP COM 589433101 1198 36700 SH SOLE 36700 0 0
MI DEVS INC COM 55304X104 3205 100000 SH SOLE 100000 0 0
MICROSOFT CORP COM 594918104 4083 157283 SH SOLE 157283 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1299 88500 SH SOLE 88500 0 0
MOODYS CORP COM 615369105 13858 411463 SH SOLE 411463 0 0
MORGAN STANLEY COM NEW 617446448 1132 74800 SH SOLE 74800 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 21920 473543 SH SOLE 473543 0 0
MURPHY OIL CORP COM 626717102 960 17216 SH SOLE 17216 0 0
NASDAQ OMX GROUP INC COM 631103108 1008 41138 SH SOLE 41138 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 1333 27500 SH SOLE 27500 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1433 21428 SH SOLE 21428 0 0
NEPTUNE TECHNOLOGIES BIORESO COM 64077P108 1646 697675 SH SOLE 697675 0 0
NETEASE COM INC SPONSORED ADR 64110W102 1233 27500 SH SOLE 27500 0 0
NETSCOUT SYS INC COM 64115T104 1004 57031 SH SOLE 57031 0 0
NEW GOLD INC CDA COM 644535106 4387 434000 SH SOLE 434000 0 0
NEXEN INC COM 65334H102 5982 375275 SH SOLE 375275 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1309 22900 SH SOLE 22900 0 0
NRG ENERGY INC COM NEW 629377508 1100 60700 SH SOLE 60700 0 0
NTT DOCOMO INC SPONS ADR 62942M201 1371 74700 SH SOLE 74700 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1974 21428 SH SOLE 21428 0 0
OM GROUP INC COM 670872100 1200 53600 SH SOLE 53600 0 0
OPEN TEXT CORP COM 683715106 35739 695900 SH SOLE 695900 0 0
ORACLE CORP COM 68389X105 22222 866349 SH SOLE 866349 0 0
ORTHOFIX INTL N V COM N6748L102 2270 64434 SH SOLE 64434 0 0
PDL BIOPHARMA INC COM 69329Y104 1164 187700 SH SOLE 187700 0 0
PENGROWTH ENERGY CORP COM 70706P104 183 17327 SH SOLE 17327 0 0
PENN WEST PETE LTD NEW COM 707887105 14686 739751 SH SOLE 739751 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 10007 402700 SH SOLE 402700 0 0
PFIZER INC COM 717081103 24184 1118601 SH SOLE 1118601 0 0
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