0001270062-12-000003.txt : 20120423
0001270062-12-000003.hdr.sgml : 20120423
20120423164208
ACCESSION NUMBER: 0001270062-12-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120423
DATE AS OF CHANGE: 20120423
EFFECTIVENESS DATE: 20120423
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: 12773683
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
f13f1203.txt
13F Q1-2012
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, 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: Natcan Investment Management Inc
Address: 1100 University, 10th Floor
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 April 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: 393
Form 13F Information Table Value Total: $4,612,212 (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 21531 351297 SH SOLE 351297 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 5801 89884 SH SOLE 89884 0 0
ACE LTD SHS H0023R105 923 12616 SH SOLE 12616 0 0
ACTIVISION BLIZZARD INC COM 00507V109 491 38298 SH SOLE 38298 0 0
ADOBE SYS INC COM 00724F101 281 8197 SH SOLE 8197 0 0
ADVANTAGE OIL & GAS LTD COM 00765F101 12455 3714455 SH SOLE 3714455 0 0
AECOM TECHNOLOGY CORP DELAWA COM 00766T100 885 39562 SH SOLE 39562 0 0
AEGION CORP COM 00770F104 1384 77600 SH SOLE 77600 0 0
AEROPOSTALE COM 007865108 1425 65900 SH SOLE 65900 0 0
AES CORP COM 00130H105 1139 87163 SH SOLE 87163 0 0
AETERNA ZENTARIS INC COM 007975204 1065 497075 SH SOLE 497075 0 0
AETNA INC NEW COM 00817Y108 501 9984 SH SOLE 9984 0 0
AGCO CORP COM 001084102 1312 27800 SH SOLE 27800 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 23400 525723 SH SOLE 525723 0 0
AGNICO EAGLE MINES LTD COM 008474108 8787 264100 SH SOLE 264100 0 0
AGRIUM INC COM 008916108 69857 810716 SH SOLE 810716 0 0
AIR METHODS CORP COM PAR $.06 009128307 1152 13200 SH SOLE 13200 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 270 7359 SH SOLE 7359 0 0
ALLERGAN INC COM 018490102 22812 239049 SH SOLE 239049 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 10480 83201 SH SOLE 83201 0 0
ALLIED NEVADA GOLD CORP COM 019344100 11880 366232 SH SOLE 366232 0 0
ALLOT COMMUNICATIONS LTD SHS M0854Q105 1783 76700 SH SOLE 76700 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 1583 26100 SH SOLE 26100 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 3300 132900 SH SOLE 132900 0 0
AMERICAN CAP LTD COM 02503Y103 1497 172700 SH SOLE 172700 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1360 79100 SH SOLE 79100 0 0
AMERICAN EXPRESS CO COM 025816109 1893 32692 SH SOLE 32692 0 0
AMERIGROUP CORP COM 03073T102 1379 20500 SH SOLE 20500 0 0
AMERISOURCEBERGEN CORP COM 03073E105 262 6601 SH SOLE 6601 0 0
AMETEK INC NEW COM 031100100 19778 407711 SH SOLE 407711 0 0
AMGEN INC COM 031162100 1809 26605 SH SOLE 26605 0 0
AMSURG CORP COM 03232P405 1270 45400 SH SOLE 45400 0 0
ANALOG DEVICES INC COM 032654105 2524 62412 SH SOLE 62412 0 0
APOLLO GROUP INC CL A 037604105 846 21900 SH SOLE 21900 0 0
APPLE INC COM 037833100 72041 120174 SH SOLE 120174 0 0
APPLIED MATLS INC COM 038222105 1812 145630 SH SOLE 145630 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1298 41000 SH SOLE 41000 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 6407 226474 SH SOLE 226474 0 0
ARROW ELECTRS INC COM 042735100 14146 337062 SH SOLE 337062 0 0
ASML HOLDING N V NY REG SHS N07059186 1615 32200 SH SOLE 32200 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 1295 29100 SH SOLE 29100 0 0
AT&T INC COM 00206R102 1665 53325 SH SOLE 53325 0 0
ATWOOD OCEANICS INC COM 050095108 1432 31900 SH SOLE 31900 0 0
AURICO GOLD INC COM 05155C105 27546 3095778 SH SOLE 3095778 0 0
AURIZON MINES LTD COM 05155P106 10833 2217934 SH SOLE 2217934 0 0
AVALON RARE METALS INC COM 053470100 958 320000 SH SOLE 320000 0 0
AVNET INC COM 053807103 464 12749 SH SOLE 12749 0 0
BAIDU INC SPON ADR REP A 056752108 9577 65700 SH SOLE 65700 0 0
BANCO MACRO SA SPON ADR B 05961W105 1294 66000 SH SOLE 66000 0 0
BANCO SANTANDER SA ADR 05964H105 1412 184100 SH SOLE 184100 0 0
BANK MONTREAL QUE COM 063671101 55189 929841 SH SOLE 929841 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 169953 3038663 SH SOLE 3038663 0 0
BANK OF AMERICA CORPORATION COM 060505104 853 89099 SH SOLE 89099 0 0
BANRO CORP COM 066800103 154 33300 SH SOLE 33300 0 0
BARRICK GOLD CORP COM 067901108 99765 2299307 SH SOLE 2299307 0 0
BAYTEX ENERGY CORP COM 07317Q105 34825 671826 SH SOLE 671826 0 0
BCE INC COM NEW 05534B760 81889 2048449 SH SOLE 2048449 0 0
BECTON DICKINSON & CO COM 075887109 2541 32692 SH SOLE 32692 0 0
BEST BUY INC COM 086516101 2258 95334 SH SOLE 95334 0 0
BHP BILLITON PLC SPONSORED ADR 05545E209 1412 23000 SH SOLE 23000 0 0
BIG LOTS INC COM 089302103 1321 30700 SH SOLE 30700 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 1944 121852 SH SOLE 121852 0 0
BMC SOFTWARE INC COM 055921100 510 12697 SH SOLE 12697 0 0
BP PLC SPONSORED ADR 055622104 1382 30700 SH SOLE 30700 0 0
BRIDGEPOINT ED INC COM 10807M105 2981 120447 SH SOLE 120447 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 705 20885 SH SOLE 20885 0 0
BRISTOW GROUP INC COM 110394103 1188 24900 SH SOLE 24900 0 0
BROADCOM CORP CL A 111320107 10041 255486 SH SOLE 255486 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 1048 182313 SH SOLE 182313 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 22307 708205 SH SOLE 708205 0 0
BROOKFIELD OFFICE PPTYS INC COM 112900105 8654 498333 SH SOLE 498333 0 0
BT GROUP PLC ADR 05577E101 1609 44500 SH SOLE 44500 0 0
BUNGE LIMITED COM G16962105 1403 20500 SH SOLE 20500 0 0
C&J ENERGY SVCS INC COM 12467B304 8689 488440 SH SOLE 488440 0 0
CA INC COM 12673P105 532 19320 SH SOLE 19320 0 0
CAE INC COM 124765108 15044 1469234 SH SOLE 1469234 0 0
CAMECO CORP COM 13321L108 17115 798619 SH SOLE 798619 0 0
CANADIAN NAT RES LTD COM 136385101 163373 4937259 SH SOLE 4937259 0 0
CANADIAN NATL RY CO COM 136375102 105966 1335567 SH SOLE 1335567 0 0
CANADIAN PAC RY LTD COM 13645T100 34521 455547 SH SOLE 455547 0 0
CANON INC ADR 138006309 1682 35300 SH SOLE 35300 0 0
CAPELLA EDUCATION COMPANY COM 139594105 1262 35100 SH SOLE 35100 0 0
CAPITAL ONE FINL CORP COM 14040H105 28321 508085 SH SOLE 508085 0 0
CARBO CERAMICS INC COM 140781105 1371 13000 SH SOLE 13000 0 0
CARTER INC COM 146229109 1458 29300 SH SOLE 29300 0 0
CASH AMER INTL INC COM 14754D100 1193 24900 SH SOLE 24900 0 0
CATERPILLAR INC DEL COM 149123101 26614 249854 SH SOLE 249854 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 107837 1413163 SH SOLE 1413163 0 0
CELESTICA INC SUB VTG SHS 15101Q108 49927 5201477 SH SOLE 5201477 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 2092 269551 SH SOLE 269551 0 0
CENOVUS ENERGY INC COM 15135U109 114340 3182081 SH SOLE 3182081 0 0
CENTRAL FD CDA LTD CL A 153501101 215 9794 SH SOLE 9794 0 0
CENTURYLINK INC COM 156700106 1840 47552 SH SOLE 47552 0 0
CHEVRON CORP NEW COM 166764100 2017 18809 SH SOLE 18809 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 1525 35300 SH SOLE 35300 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 1059 20500 SH SOLE 20500 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1520 27600 SH SOLE 27600 0 0
CIMAREX ENERGY CO COM 171798101 268 3550 SH SOLE 3550 0 0
CINEMARK HOLDINGS INC COM 17243V102 2455 111846 SH SOLE 111846 0 0
CISCO SYS INC COM 17275R102 8355 395056 SH SOLE 395056 0 0
CITIGROUP INC COM NEW 172967424 30443 832916 SH SOLE 832916 0 0
CITY NATL CORP COM 178566105 13855 264051 SH SOLE 264051 0 0
CLAUDE RES INC COM 182873109 2324 2130000 SH SOLE 2130000 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 1484 21431 SH SOLE 21431 0 0
CNOOC LTD SPONSORED ADR 126132109 1512 7400 SH SOLE 7400 0 0
COACH INC COM 189754104 15830 204840 SH SOLE 204840 0 0
COBALT INTL ENERGY INC COM 19075F106 1853 61700 SH SOLE 61700 0 0
COCA COLA CO COM 191216100 1398 18890 SH SOLE 18890 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 19639 686665 SH SOLE 686665 0 0
COINSTAR INC COM 19259P300 1569 24690 SH SOLE 24690 0 0
COLUMBIA BKG SYS INC COM 197236102 1075 47177 SH SOLE 47177 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 1132 50920 SH SOLE 50920 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1877 24500 SH SOLE 24500 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 1514 64400 SH SOLE 64400 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 1287 39500 SH SOLE 39500 0 0
CONAGRA FOODS INC COM 205887102 706 26904 SH SOLE 26904 0 0
CONCHO RES INC COM 20605P101 357 3500 SH SOLE 3500 0 0
CONOCOPHILLIPS COM 20825C104 13322 175270 SH SOLE 175270 0 0
CONSTELLATION BRANDS INC CL A 21036P108 882 37399 SH SOLE 37399 0 0
CONTINENTAL RESOURCES INC COM 212015101 483 5632 SH SOLE 5632 0 0
COOPER COS INC COM NEW 216648402 1298 15886 SH SOLE 15886 0 0
CORE LABORATORIES N V COM N22717107 13177 100150 SH SOLE 100150 0 0
CORNING INC COM 219350105 1267 90000 SH SOLE 90000 0 0
COSTCO WHSL CORP NEW COM 22160K105 924 10177 SH SOLE 10177 0 0
COVENTRY HEALTH CARE INC COM 222862104 2167 60918 SH SOLE 60918 0 0
CREDICORP LTD COM G2519Y108 2644 20057 SH SOLE 20057 0 0
CROCS INC COM 227046109 1764 84337 SH SOLE 84337 0 0
CSX CORP COM 126408103 2112 98076 SH SOLE 98076 0 0
CTC MEDIA INC COM 12642X106 1731 148800 SH SOLE 148800 0 0
CUBIC CORP COM 229669106 1243 26300 SH SOLE 26300 0 0
CUMMINS INC COM 231021106 25108 209167 SH SOLE 209167 0 0
CURTISS WRIGHT CORP COM 231561101 1244 33600 SH SOLE 33600 0 0
CVR ENERGY INC COM 12662P108 1174 43900 SH SOLE 43900 0 0
CVS CAREMARK CORPORATION COM 126650100 207 4620 SH SOLE 4620 0 0
DARLING INTL INC COM 237266101 1632 93700 SH SOLE 93700 0 0
DELL INC COM 24702R101 672 40458 SH SOLE 40458 0 0
DELUXE CORP COM 248019101 1234 52700 SH SOLE 52700 0 0
DEVRY INC DEL COM 251893103 1138 33600 SH SOLE 33600 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 1476 15300 SH SOLE 15300 0 0
DILLARDS INC CL A 254067101 1475 23400 SH SOLE 23400 0 0
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 1303 16100 SH SOLE 16100 0 0
DOLLAR TREE INC COM 256746108 1247 13200 SH SOLE 13200 0 0
DOMTAR CORP COM NEW 257559203 8229 86303 SH SOLE 86303 0 0
DONNELLEY R R & SONS CO COM 257867101 695 56098 SH SOLE 56098 0 0
DOW CHEM CO COM 260543103 4097 118200 SH SOLE 118200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1391 26300 SH SOLE 26300 0 0
E M C CORP MASS COM 268648102 25079 839323 SH SOLE 839323 0 0
EAST WEST BANCORP INC COM 27579R104 1678 72666 SH SOLE 72666 0 0
ECOLAB INC COM 278865100 12190 197510 SH SOLE 197510 0 0
ELDORADO GOLD CORP NEW COM 284902103 6779 494400 SH SOLE 494400 0 0
ENBRIDGE INC COM 29250N105 17576 453279 SH SOLE 453279 0 0
ENCANA CORP COM 292505104 29454 1502164 SH SOLE 1502164 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 279 7198 SH SOLE 7198 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 2359 58020 SH SOLE 58020 0 0
ENERPLUS CORP COM 292766102 1100 49200 SH SOLE 49200 0 0
ENI S P A SPONSORED ADR 26874R108 1578 33700 SH SOLE 33700 0 0
ENTREE GOLD INC COM 29383G100 138 110000 SH SOLE 110000 0 0
EXELON CORP COM 30161N101 1031 26300 SH SOLE 26300 0 0
EXFO INC SUB VTG SHS 302046107 165 23500 SH SOLE 23500 0 0
EXTORRE GOLD MINES LTD COM 30227B109 4208 700766 SH SOLE 700766 0 0
EXXON MOBIL CORP COM 30231G102 2230 25686 SH SOLE 25686 0 0
FIRSTSERVICE CORP SUB VTG SH 33761N109 17711 578644 SH SOLE 578644 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 1630 225500 SH SOLE 225500 0 0
FOCUS MEDIA HLDG LTD SPONSORED ADR 34415V109 1869 74400 SH SOLE 74400 0 0
FORBES ENERGY SVCS LTD COM 345143101 266 44000 SH SOLE 44000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1486 118880 SH SOLE 118880 0 0
FOREST LABS INC COM 345838106 3183 91769 SH SOLE 91769 0 0
FOSTER WHEELER AG COM H27178104 1712 75200 SH SOLE 75200 0 0
FRANCE TELECOM SPONSORED ADR 35177Q105 1276 85900 SH SOLE 85900 0 0
FRANCO NEVADA CORP COM 351858105 9158 213339 SH SOLE 213339 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 26298 691322 SH SOLE 691322 0 0
GAMESTOP CORP NEW CL A 36467W109 2516 115193 SH SOLE 115193 0 0
GANNETT INC COM 364730101 1369 89300 SH SOLE 89300 0 0
GAP INC DEL COM 364760108 1647 63000 SH SOLE 63000 0 0
GARMIN LTD SHS H2906T109 1582 33700 SH SOLE 33700 0 0
GENERAL DYNAMICS CORP COM 369550108 1284 17500 SH SOLE 17500 0 0
GENERAL ELECTRIC CO COM 369604103 3295 164118 SH SOLE 164118 0 0
GENESCO INC COM 371532102 1361 19000 SH SOLE 19000 0 0
GENIE ENERGY LTD CL B 372284208 160 16520 SH SOLE 16520 0 0
GILDAN ACTIVEWEAR INC COM 375916103 9097 331100 SH SOLE 331100 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 720 18910 SH SOLE 18910 0 0
GOLDCORP INC NEW COM 380956409 91741 2038661 SH SOLE 2038661 0 0
GOOGLE INC CL A 38259P508 16976 26473 SH SOLE 26473 0 0
GRAN TIERRA ENERGY INC COM 38500T101 13342 2119161 SH SOLE 2119161 0 0
GROUPE CGI INC CL A SUB VTG 39945C109 37588 1689327 SH SOLE 1689327 0 0
GT ADVANCED TECHNOLOGIES INC COM 36191U106 1356 164000 SH SOLE 164000 0 0
GUESS INC COM 401617105 1234 39500 SH SOLE 39500 0 0
GULFPORT ENERGY CORP COM NEW 402635304 1980 68000 SH SOLE 68000 0 0
HARTE-HANKS INC COM 416196103 1126 124400 SH SOLE 124400 0 0
HCP INC COM 40414L109 1761 44580 SH SOLE 44580 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1780 52200 SH SOLE 52200 0 0
HEINZ H J CO COM 423074103 1593 29720 SH SOLE 29720 0 0
HELMERICH & PAYNE INC COM 423452101 1557 28854 SH SOLE 28854 0 0
HESS CORP COM 42809H107 2806 47552 SH SOLE 47552 0 0
HEWLETT PACKARD CO COM 428236103 2526 105956 SH SOLE 105956 0 0
HOLLYFRONTIER CORP COM 436106108 1128 35100 SH SOLE 35100 0 0
HONEYWELL INTL INC COM 438516106 2101 34382 SH SOLE 34382 0 0
HUDBAY MINERALS INC COM 443628102 13823 1262391 SH SOLE 1262391 0 0
HUMANA INC COM 444859102 5877 63526 SH SOLE 63526 0 0
IAMGOLD CORP COM 450913108 12050 906533 SH SOLE 906533 0 0
IMPERIAL OIL LTD COM NEW 453038408 2894 63800 SH SOLE 63800 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 480 17307 SH SOLE 17307 0 0
ING GROEP N V SPONSORED ADR 456837103 1634 196400 SH SOLE 196400 0 0
INTEL CORP COM 458140100 28541 1015342 SH SOLE 1015342 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 5751 27561 SH SOLE 27561 0 0
INTL PAPER CO COM 460146103 21287 606470 SH SOLE 606470 0 0
INTUIT COM 461202103 614 10216 SH SOLE 10216 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 325 600 SH SOLE 600 0 0
ISHARES INC MSCI JAPAN 464286848 830 81562 SH SOLE 81562 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 4306 224402 SH SOLE 224402 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 1448 21900 SH SOLE 21900 0 0
IVANHOE MINES LTD COM 46579N103 2850 181500 SH SOLE 181500 0 0
JACK IN THE BOX INC COM 466367109 2105 87824 SH SOLE 87824 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 8605 593827 SH SOLE 593827 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 2098 129537 SH SOLE 129537 0 0
JOHNSON & JOHNSON COM 478160104 1154 17500 SH SOLE 17500 0 0
KINROSS GOLD CORP COM NO PAR 496902404 2784 285300 SH SOLE 285300 0 0
KIT DIGITAL INC COM NEW 482470200 12581 1747400 SH SOLE 1747400 0 0
KLA-TENCOR CORP COM 482480100 552 10152 SH SOLE 10152 0 0
KOHLS CORP COM 500255104 3125 62412 SH SOLE 62412 0 0
KULICKE & SOFFA INDS INC COM 501242101 1674 134700 SH SOLE 134700 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 1043 14737 SH SOLE 14737 0 0
LAKE SHORE GOLD CORP COM 510728108 1816 1762000 SH SOLE 1762000 0 0
LANDSTAR SYS INC COM 515098101 1253 21710 SH SOLE 21710 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 1270 32200 SH SOLE 32200 0 0
LILLY ELI & CO COM 532457108 1590 39488 SH SOLE 39488 0 0
LKQ CORP COM 501889208 1231 39500 SH SOLE 39500 0 0
LOCKHEED MARTIN CORP COM 539830109 15124 168309 SH SOLE 168309 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1807 41400 SH SOLE 41400 0 0
MAGNA INTL INC COM 559222401 146212 3071495 SH SOLE 3071495 0 0
MAIN STREET CAPITAL CORP COM 56035L104 1298 52700 SH SOLE 52700 0 0
MANULIFE FINL CORP COM 56501R106 122276 9042616 SH SOLE 9042616 0 0
MARATHON OIL CORP COM 565849106 2182 68832 SH SOLE 68832 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 731 27813 SH SOLE 27813 0 0
MATTEL INC COM 577081102 1232 36600 SH SOLE 36600 0 0
MAXIMUS INC COM 577933104 1131 27800 SH SOLE 27800 0 0
MB FINANCIAL INC NEW COM 55264U108 1153 54908 SH SOLE 54908 0 0
MCDONALDS CORP COM 580135101 1055 10756 SH SOLE 10756 0 0
MCKESSON CORP COM 58155Q103 16237 184999 SH SOLE 184999 0 0
MEDTRONIC INC COM 585055106 476 12158 SH SOLE 12158 0 0
MERCADOLIBRE INC COM 58733R102 3677 37600 SH SOLE 37600 0 0
MERCK & CO INC NEW COM 58933Y105 2411 62785 SH SOLE 62785 0 0
MEREDITH CORP COM 589433101 1233 38000 SH SOLE 38000 0 0
METLIFE INC COM 59156R108 1147 30700 SH SOLE 30700 0 0
MFA FINANCIAL INC COM 55272X102 1203 161000 SH SOLE 161000 0 0
MI DEVS INC COM 55304X104 5239 151510 SH SOLE 151510 0 0
MICRON TECHNOLOGY INC COM 595112103 3937 486000 SH SOLE 486000 0 0
MICROSOFT CORP COM 594918104 4874 151133 SH SOLE 151133 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1632 89000 SH SOLE 89000 0 0
MONSANTO CO NEW COM 61166W101 2682 33592 SH SOLE 33592 0 0
MOODYS CORP COM 615369105 20398 484521 SH SOLE 484521 0 0
MORGAN STANLEY COM NEW 617446448 1524 77600 SH SOLE 77600 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 4130 81227 SH SOLE 81227 0 0
MURPHY OIL CORP COM 626717102 826 14677 SH SOLE 14677 0 0
NASDAQ OMX GROUP INC COM 631103108 1188 45859 SH SOLE 45859 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 1393 27600 SH SOLE 27600 0 0
NATIONAL OILWELL VARCO INC COM 637071101 2600 32692 SH SOLE 32692 0 0
NAVISTAR INTL CORP NEW COM 63934E108 14342 354557 SH SOLE 354557 0 0
NEPTUNE TECHNOLOGIES BIORESO COM 64077P108 1584 503895 SH SOLE 503895 0 0
NETEASE COM INC SPONSORED ADR 64110W102 1604 27600 SH SOLE 27600 0 0
NETSCOUT SYS INC COM 64115T104 1103 54218 SH SOLE 54218 0 0
NEW GOLD INC CDA COM 644535106 3401 345000 SH SOLE 345000 0 0
NEXEN INC COM 65334H102 8274 451975 SH SOLE 451975 0 0
NORTH AMERN PALLADIUM LTD COM 656912102 3488 1315000 SH SOLE 1315000 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1274 23000 SH SOLE 23000 0 0
NTT DOCOMO INC SPONS ADR 62942M201 1254 75200 SH SOLE 75200 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 25550 268302 SH SOLE 268302 0 0
OM GROUP INC COM 670872100 1530 55600 SH SOLE 55600 0 0
OPEN TEXT CORP COM 683715106 38812 635800 SH SOLE 635800 0 0
ORACLE CORP COM 68389X105 4986 170980 SH SOLE 170980 0 0
ORTHOFIX INTL N V COM N6748L102 2007 53395 SH SOLE 53395 0 0
PDL BIOPHARMA INC COM 69329Y104 1236 194700 SH SOLE 194700 0 0
PENGROWTH ENERGY CORP COM 70706P104 96 10274 SH SOLE 10274 0 0
PENN VA RESOURCES PARTNERS L COM 707884102 1022 46800 SH SOLE 46800 0 0
PENN WEST PETE LTD NEW COM 707887105 14473 741899 SH SOLE 741899 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 179 12000 SH SOLE 12000 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 422 3000 SH SOLE 3000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 10273 386800 SH SOLE 386800 0 0
PFIZER INC COM 717081103 25857 1140993 SH SOLE 1140993 0 0
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POLYONE CORP COM 73179P106 1539 106900 SH SOLE 106900 0 0
POTASH CORP SASK INC COM 73755L107 128055 2809403 SH SOLE 2809403 0 0
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PRECISION DRILLING CORP COM 2010 74022D308 2658 265000 SH SOLE 265000 0 0
PRIMERICA INC COM 74164M108 688 27306 SH SOLE 27306 0 0
PROCTER & GAMBLE CO COM 742718109 1799 26748 SH SOLE 26748 0 0
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QUALCOMM INC COM 747525103 23655 347770 SH SOLE 347770 0 0
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RANGE RES CORP COM 75281A109 2413 41500 SH SOLE 41500 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 1413 38674 SH SOLE 38674 0 0
RAYTHEON CO COM NEW 755111507 1314 24900 SH SOLE 24900 0 0
REGAL BELOIT CORP COM 758750103 2488 37952 SH SOLE 37952 0 0
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SCHLUMBERGER LTD COM 806857108 21228 303555 SH SOLE 303555 0 0
SEACOR HOLDINGS INC COM 811904101 1326 13845 SH SOLE 13845 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2370 150178 SH SOLE 150178 0 0
SEMPRA ENERGY COM 816851109 1962 32692 SH SOLE 32692 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 5429 256951 SH SOLE 256951 0 0
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STANTEC INC COM 85472N109 5430 170600 SH SOLE 170600 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 1985 242400 SH SOLE 242400 0 0
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TESORO CORP COM 881609101 1414 52700 SH SOLE 52700 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 274 6079 SH SOLE 6079 0 0
THOMSON REUTERS CORP COM 884903105 2849 98689 SH SOLE 98689 0 0
TIM HORTONS INC COM 88706M103 2255 42230 SH SOLE 42230 0 0
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UNITEDHEALTH GROUP INC COM 91324P102 23595 400320 SH SOLE 400320 0 0
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VANGUARD INTL EQUITY INDEX F MSCI EUROPE ETF 922042874 1500 32545 SH SOLE 32545 0 0
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