0001193125-12-198735.txt : 20120501
0001193125-12-198735.hdr.sgml : 20120501
20120501090853
ACCESSION NUMBER: 0001193125-12-198735
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120501
DATE AS OF CHANGE: 20120501
EFFECTIVENESS DATE: 20120501
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Zebra Capital Management, LLC
CENTRAL INDEX KEY: 0001316915
IRS NUMBER: 061614133
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-11061
FILM NUMBER: 12798062
BUSINESS ADDRESS:
STREET 1: 612 WHEELERS FARMS ROAD
CITY: MILFORD
STATE: CT
ZIP: 06460
BUSINESS PHONE: 2038783223
MAIL ADDRESS:
STREET 1: 612 WHEELERS FARMS ROAD
CITY: MILFORD
STATE: CT
ZIP: 06460
13F-HR
1
d344367d13fhr.txt
FORM 13-F
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3.31.2012
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: Zebra Capital Management LLC
Address: 612 Wheelers Farms Road
Milford CT 06461
Form 13F File Number: 28-11061
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: Peter Schaffer
Title: COO
Phone: 203.878.3223
Signature, Place, and Date of Signing:
/s/ Peter Schaffer Milford, CT 4/27/2012
------------------------- ------------------------ -------------------------
[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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
---------------------- ----
28-
[Repeat as necessary.]
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 298
Form 13F Information Table Value Total: 183,133
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
--- -------------------- ----
28-
[Repeat as necessary.]
Zebra Capital Management LLC
FORM 13F
3/30/2012
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
1ST SOURCE CORP Common Stock 336901103 331 13,527 SH Sole 13,527
ACE LTD Common Stock H0023R105 250 3,414 SH Sole 3,414
ACTIVISION BLIZZARD INC Common Stock 00507V109 380 29,625 SH Sole 29,625
AECOM TECHNOLOGY CORP Common Stock 00766T100 322 14,399 SH Sole 14,399
AETNA INC Common Stock 00817Y108 1,642 32,734 SH Sole 32,734
AIR TRANSPORT SERVICES GROUP Common Stock 00922R105 275 47,468 SH Sole 47,468
AIRCASTLE LTD Common Stock G0129K104 220 18,000 SH Sole 18,000
ALASKA AIR GROUP INC Common Stock 011659109 258 7,191 SH Sole 7,191
ALLETE INC Common Stock 018522300 487 11,732 SH Sole 11,732
ALLIANCE HOLDINGS GP LP Ltd Part 01861G100 407 9,339 SH Sole 9,339
ALLIANT TECHSYSTEMS INC Common Stock 018804104 299 5,974 SH Sole 5,974
ALON USA ENERGY INC Common Stock 020520102 268 29,560 SH Sole 29,560
AMERCO Common Stock 023586100 1,506 14,270 SH Sole 14,270
AMERICAN CAPITAL LTD Common Stock 02503Y103 419 48,224 SH Sole 48,224
AMERICAN FINANCIAL GROUP INC Common Stock 025932104 477 12,356 SH Sole 12,356
AMERICAN NATIONAL INSURANCE Common Stock 028591105 259 3,570 SH Sole 3,570
AMKOR TECHNOLOGY INC Common Stock 031652100 108 17,655 SH Sole 17,655
AMSURG CORP Common Stock 03232P405 256 9,132 SH Sole 9,132
AMTRUST FINANCIAL SERVICES Common Stock 032359309 1,356 50,460 SH Sole 50,460
ANDERSONS INC/THE Common Stock 034164103 279 5,732 SH Sole 5,732
ANIXTER INTERNATIONAL INC Common Stock 035290105 213 2,941 SH Sole 2,941
APTARGROUP INC Common Stock 038336103 253 4,626 SH Sole 4,626
ARCHER-DANIELS-MIDLAND CO Common Stock 039483102 258 8,159 SH Sole 8,159
ARROW ELECTRONICS INC Common Stock 042735100 804 19,148 SH Sole 19,148
ASSURED GUARANTY LTD Common Stock G0585R106 336 20,319 SH Sole 20,319
ATMI INC Common Stock 00207R101 341 14,639 SH Sole 14,639
AUTOMATIC DATA PROCESSING Common Stock 053015103 300 5,432 SH Sole 5,432
AVNET INC Common Stock 053807103 783 21,527 SH Sole 21,527
AVX CORP Common Stock 002444107 387 29,216 SH Sole 29,216
BANCFIRST CORP Common Stock 05945F103 446 10,239 SH Sole 10,239
BANCO LATINOAMERICANO COME-E Common Stock P16994132 234 11,083 SH Sole 11,083
BANK OF NEW YORK MELLON CORP Common Stock 064058100 337 13,982 SH Sole 13,982
BAXTER INTERNATIONAL INC Common Stock 071813109 975 16,303 SH Sole 16,303
BECTON DICKINSON AND CO Common Stock 075887109 680 8,761 SH Sole 8,761
BELDEN INC Common Stock 077454106 664 17,516 SH Sole 17,516
BENCHMARK ELECTRONICS INC Common Stock 08160H101 441 26,740 SH Sole 26,740
BLACK BOX CORP Common Stock 091826107 468 18,358 SH Sole 18,358
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
BLACKROCK INC Common Stock 09247X101 289 1,410 SH Sole 1,410
BLOUNT INTERNATIONAL INC Common Stock 095180105 495 29,702 SH Sole 29,702
BOK FINANCIAL CORPORATION Common Stock 05561Q201 508 9,021 SH Sole 9,021
BROOKFIELD ASSET MANAGE-CL A Common Stock 112585104 3,052 96,680 SH Sole 96,680
BROOKFIELD OFFICE PROPERTIES Common Stock 112900105 2,413 138,270 SH Sole 138,270
BROOKS AUTOMATION INC Common Stock 114340102 850 68,899 SH Sole 68,899
BROWN-FORMAN CORP-CLASS B Common Stock 115637209 543 6,507 SH Sole 6,507
BUNGE LTD Common Stock G16962105 1,118 16,330 SH Sole 16,330
CA INC Common Stock 12673P105 401 14,555 SH Sole 14,555
CAN IMPERIAL BK OF COMMERCE Common Stock 136069101 1,483 19,385 SH Sole 19,385
CANADIAN PACIFIC RAILWAY LTD Common Stock 13645T100 1,065 14,025 SH Sole 14,025
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 309 5,546 SH Sole 5,546
CASCADE CORP Common Stock 147195101 343 6,835 SH Sole 6,835
CELESTICA INC Common Stock 15101Q108 1,097 114,643 SH Sole 114,643
CENOVUS ENERGY INC Common Stock 15135U109 982 27,321 SH Sole 27,321
CENTRAL PACIFIC FINANCIAL CO Common Stock 154760409 304 23,475 SH Sole 23,475
CGI GROUP INC - CLASS A Common Stock 39945C109 509 22,817 SH Sole 22,817
CH ENERGY GROUP INC Common Stock 12541M102 255 3,823 SH Sole 3,823
CHEMICAL FINANCIAL CORP Common Stock 163731102 254 10,830 SH Sole 10,830
CHESAPEAKE UTILITIES CORP Common Stock 165303108 259 6,299 SH Sole 6,299
CHUBB CORP Common Stock 171232101 201 2,913 SH Sole 2,913
CHURCHILL DOWNS INC Common Stock 171484108 459 8,212 SH Sole 8,212
CIGNA CORP Common Stock 125509109 858 17,415 SH Sole 17,415
CLAYTON WILLIAMS ENERGY INC Common Stock 969490101 284 3,581 SH Sole 3,581
CNA FINANCIAL CORP Common Stock 126117100 1,497 51,041 SH Sole 51,041
CNH GLOBAL N.V. Common Stock N20935206 1,788 45,044 SH Sole 45,044
CNO FINANCIAL GROUP INC Common Stock 12621E103 114 14,660 SH Sole 14,660
COMMUNITY TRUST BANCORP INC Common Stock 204149108 327 10,190 SH Sole 10,190
CONSTELLATION BRANDS INC-A Common Stock 21036P108 911 38,639 SH Sole 38,639
COPA HOLDINGS SA-CLASS A Common Stock P31076105 731 9,236 SH Sole 9,236
CORNING INC Common Stock 219350105 206 14,626 SH Sole 14,626
COVENTRY HEALTH CARE INC Common Stock 222862104 439 12,328 SH Sole 12,328
COVIDIEN PLC Common Stock G2554F113 550 10,064 SH Sole 10,064
CREDIT ACCEPTANCE CORP Common Stock 225310101 771 7,630 SH Sole 7,630
CRESTWOOD MIDSTREAM PARTNERS Ltd Part 226372100 316 11,072 SH Sole 11,072
CSG SYSTEMS INTL INC Common Stock 126349109 305 20,118 SH Sole 20,118
CUBIC CORP Common Stock 229669106 728 15,404 SH Sole 15,404
CUMULUS MEDIA INC-CL A Common Stock 231082108 539 154,508 SH Sole 154,508
CURTISS-WRIGHT CORP Common Stock 231561101 269 7,270 SH Sole 7,270
DELEK US HOLDINGS INC Common Stock 246647101 1,326 85,463 SH Sole 85,463
DELL INC Common Stock 24702R101 1,937 116,724 SH Sole 116,724
DELTA AIR LINES INC Common Stock 247361702 716 72,185 SH Sole 72,185
DELUXE CORP Common Stock 248019101 1,123 47,968 SH Sole 47,968
DIANA SHIPPING INC Common Stock Y2066G104 522 58,367 SH Sole 58,367
DISCOVER FINANCIAL SERVICES Common Stock 254709108 306 9,182 SH Sole 9,182
DOLE FOOD CO INC Common Stock 256603101 245 24,582 SH Sole 24,582
DOLLAR GENERAL CORP Common Stock 256677105 927 20,056 SH Sole 20,056
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
DOMINION RESOURCES INC/VA Common Stock 25746U109 284 5,538 SH Sole 5,538
DORMAN PRODUCTS INC Common Stock 258278100 561 11,082 SH Sole 11,082
DST SYSTEMS INC Common Stock 233326107 310 5,708 SH Sole 5,708
DUN & BRADSTREET CORP Common Stock 26483E100 278 3,277 SH Sole 3,277
EAGLE ROCK ENERGY PARTNERS Ltd Part 26985R104 188 19,048 SH Sole 19,048
ELECTRO RENT CORP Common Stock 285218103 224 12,181 SH Sole 12,181
ENCORE WIRE CORP Common Stock 292562105 301 10,109 SH Sole 10,109
ENDEAVOUR INTERNATIONAL CORP Common Stock 29259G200 147 12,412 SH Sole 12,412
ENERGY TRANSFER EQUITY LP Ltd Part 29273V100 561 13,923 SH Sole 13,923
ENERPLUS CORP Common Stock 292766102 271 12,108 SH Sole 12,108
ENNIS INC Common Stock 293389102 354 22,365 SH Sole 22,365
ENSIGN GROUP INC/THE Common Stock 29358P101 334 12,299 SH Sole 12,299
ENSTAR GROUP LTD Common Stock G3075P101 1,420 14,340 SH Sole 14,340
EPIQ SYSTEMS INC Common Stock 26882D109 141 11,636 SH Sole 11,636
ERIE INDEMNITY COMPANY-CL A Common Stock 29530P102 267 3,432 SH Sole 3,432
FBL FINANCIAL GROUP INC-CL A Common Stock 30239F106 1,198 35,557 SH Sole 35,557
FEDERAL-MOGUL CORP Common Stock 313549404 1,706 99,143 SH Sole 99,143
FIRST CITIZENS BCSHS -CL A Common Stock 31946M103 899 4,918 SH Sole 4,918
FIRST FINANCIAL CORP/INDIANA Common Stock 320218100 276 8,696 SH Sole 8,696
FIRST REPUBLIC BANK/CA Common Stock 33616C100 225 6,840 SH Sole 6,840
FLEXTRONICS INTL LTD Common Stock Y2573F102 782 108,366 SH Sole 108,366
FOREST LABORATORIES INC Common Stock 345838106 262 7,554 SH Sole 7,554
FRANKLIN RESOURCES INC Common Stock 354613101 289 2,332 SH Sole 2,332
FRESH DEL MONTE PRODUCE INC Common Stock G36738105 875 38,297 SH Sole 38,297
G & K SERVICES INC -CL A Common Stock 361268105 264 7,731 SH Sole 7,731
GANNETT CO Common Stock 364730101 228 14,857 SH Sole 14,857
GARMIN LTD Common Stock H2906T109 667 14,187 SH Sole 14,187
GENERAL DYNAMICS CORP Common Stock 369550108 3,073 41,881 SH Sole 41,881
GENPACT LTD Common Stock G3922B107 248 15,240 SH Sole 15,240
GILDAN ACTIVEWEAR INC Common Stock 375916103 240 8,725 SH Sole 8,725
GORMAN-RUPP CO Common Stock 383082104 291 9,965 SH Sole 9,965
GRAN TIERRA ENERGY INC Common Stock 38500T101 409 65,095 SH Sole 65,095
GRAPHIC PACKAGING HOLDING CO Common Stock 388689101 739 133,906 SH Sole 133,906
HARRIS CORP Common Stock 413875105 702 15,569 SH Sole 15,569
HARTE-HANKS INC Common Stock 416196103 228 25,180 SH Sole 25,180
HCA HOLDINGS INC Common Stock 40412C101 487 19,675 SH Sole 19,675
HEALTHSOUTH CORP Common Stock 421924309 2,018 98,517 SH Sole 98,517
HELEN OF TROY LTD Common Stock G4388N106 882 25,933 SH Sole 25,933
HENRY SCHEIN INC Common Stock 806407102 392 5,176 SH Sole 5,176
HESS CORP Common Stock 42809H107 541 9,178 SH Sole 9,178
HILLENBRAND INC Common Stock 431571108 853 37,161 SH Sole 37,161
HOLLYFRONTIER CORP Common Stock 436106108 988 30,724 SH Sole 30,724
HOLLYSYS AUTOMATION TECHNOLO Common Stock G45667105 137 12,919 SH Sole 12,919
HORMEL FOODS CORP Common Stock 440452100 768 26,022 SH Sole 26,022
HUBBELL INC -CL B Common Stock 443510201 344 4,377 SH Sole 4,377
HUGOTON ROYALTY TRUST Royalty Trst 444717102 185 12,578 SH Sole 12,578
ICAHN ENTERPRISES LP Ltd Part 451100101 1,074 24,896 SH Sole 24,896
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
INNERWORKINGS INC Common Stock 45773Y105 124 10,682 SH Sole 10,682
INNOSPEC INC Common Stock 45768S105 651 21,418 SH Sole 21,418
INSIGHT ENTERPRISES INC Common Stock 45765U103 826 37,684 SH Sole 37,684
INTERVAL LEISURE GROUP Common Stock 46113M108 349 20,032 SH Sole 20,032
INVESTORS BANCORP INC Common Stock 46146P102 234 15,587 SH Sole 15,587
IXYS CORPORATION Common Stock 46600W106 425 32,183 SH Sole 32,183
J & J SNACK FOODS CORP Common Stock 466032109 379 7,233 SH Sole 7,233
JARDEN CORP Common Stock 471109108 234 5,818 SH Sole 5,818
JOHN BEAN TECHNOLOGIES CORP Common Stock 477839104 308 19,029 SH Sole 19,029
KAPSTONE PAPER AND PACKAGING Common Stock 48562P103 500 25,366 SH Sole 25,366
KELLOGG CO Common Stock 487836108 522 9,725 SH Sole 9,725
KEMET CORP Common Stock 488360207 247 26,417 SH Sole 26,417
KEMPER CORP Common Stock 488401100 456 15,072 SH Sole 15,072
KIMBERLY-CLARK CORP Common Stock 494368103 244 3,297 SH Sole 3,297
KKR FINANCIAL HOLDINGS LLC Ltd Part 48248A306 2,456 266,703 SH Sole 266,703
KNOLOGY INC Common Stock 499183804 479 26,318 SH Sole 26,318
KRONOS WORLDWIDE INC Common Stock 50105F105 391 15,668 SH Sole 15,668
KULICKE & SOFFA INDUSTRIES Common Stock 501242101 402 32,343 SH Sole 32,343
LACLEDE GROUP INC/THE Common Stock 505597104 376 9,639 SH Sole 9,639
LANCASTER COLONY CORP Common Stock 513847103 306 4,611 SH Sole 4,611
LEGACY RESERVES LP Ltd Part 524707304 595 20,581 SH Sole 20,581
LIBERTY INTERACTIVE CORP-A Common Stock 53071M104 203 10,619 SH Sole 10,619
LIBERTY MEDIA CORP - LIBER-A Common Stock 530322106 1,231 13,961 SH Sole 13,961
LINCOLN ELECTRIC HOLDINGS Common Stock 533900106 287 6,322 SH Sole 6,322
LINN ENERGY LLC-UNITS Unit 536020100 611 16,008 SH Sole 16,008
LKQ CORP Common Stock 501889208 293 9,400 SH Sole 9,400
LOCKHEED MARTIN CORP Common Stock 539830109 896 9,974 SH Sole 9,974
LORAL SPACE & COMMUNICATIONS Common Stock 543881106 2,727 34,255 SH Sole 34,255
MAGELLAN MIDSTREAM PARTNERS Ltd Part 559080106 649 8,978 SH Sole 8,978
MAGNA INTERNATIONAL INC Common Stock 559222401 1,916 40,136 SH Sole 40,136
MAGNACHIP SEMICONDUCT Common Stock 55933J203 154 12,853 SH Sole 12,853
MAIDEN HOLDINGS LTD Common Stock G5753U112 213 23,654 SH Sole 23,654
MANULIFE FINANCIAL CORP Common Stock 56501R106 1,945 143,570 SH Sole 143,570
MARKETAXESS HOLDINGS INC Common Stock 57060D108 287 7,702 SH Sole 7,702
MATTHEWS INTL CORP-CLASS A Common Stock 577128101 480 15,155 SH Sole 15,155
MCCORMICK & CO-NON VTG SHRS Common Stock 579780206 473 8,690 SH Sole 8,690
MCGRATH RENTCORP Common Stock 580589109 433 13,483 SH Sole 13,483
MCGRAW-HILL COMPANIES INC Common Stock 580645109 210 4,334 SH Sole 4,334
MDU RESOURCES GROUP INC Common Stock 552690109 216 9,635 SH Sole 9,635
MEDICINES COMPANY Common Stock 584688105 279 13,890 SH Sole 13,890
MERCER INTERNATIONAL INC Common Stock 588056101 755 94,555 SH Sole 94,555
METALS USA HOLDINGS CORP Common Stock 59132A104 260 18,041 SH Sole 18,041
METRO HEALTH NETWORKS INC Common Stock 592142103 156 16,683 SH Sole 16,683
MFC INDUSTRIAL LTD Common Stock 55278T105 497 64,573 SH Sole 64,573
MGE ENERGY INC Common Stock 55277P104 901 20,295 SH Sole 20,295
MINE SAFETY APPLIANCES CO Common Stock 602720104 708 17,237 SH Sole 17,237
MKS INSTRUMENTS INC Common Stock 55306N104 971 32,868 SH Sole 32,868
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
MOLSON COORS BREWING CO -B Common Stock 60871R209 442 9,762 SH Sole 9,762
MOOG INC-CLASS A Common Stock 615394202 795 18,528 SH Sole 18,528
MTS SYSTEMS CORP Common Stock 553777103 650 12,242 SH Sole 12,242
MULTI-COLOR CORP Common Stock 625383104 205 9,120 SH Sole 9,120
MULTI-FINELINE ELECTRONIX IN Common Stock 62541B101 554 20,164 SH Sole 20,164
NACCO INDUSTRIES-CL A Common Stock 629579103 1,362 11,702 SH Sole 11,702
NASH FINCH CO Common Stock 631158102 278 9,776 SH Sole 9,776
NATIONAL BEVERAGE CORP Common Stock 635017106 412 25,666 SH Sole 25,666
NATIONAL HEALTHCARE CORP Common Stock 635906100 405 8,880 SH Sole 8,880
NATIONAL INTERSTATE CORP Common Stock 63654U100 321 12,560 SH Sole 12,560
NATIONAL PRESTO INDS INC Common Stock 637215104 222 2,923 SH Sole 2,923
NATL WESTERN LIFE INS-CL A Common Stock 638522102 510 3,724 SH Sole 3,724
NAVIOS MARITIME HOLDINGS INC Common Stock Y62196103 826 196,736 SH Sole 196,736
NELNET INC-CL A Common Stock 64031N108 1,778 68,616 SH Sole 68,616
NET 1 UEPS TECHNOLOGIES INC Common Stock 64107N206 127 14,094 SH Sole 14,094
NEUROCRINE BIOSCIENCES INC Common Stock 64125C109 84 10,490 SH Sole 10,490
NEWPORT CORP Common Stock 651824104 628 35,443 SH Sole 35,443
NEXTERA ENERGY INC Common Stock 65339F101 2,172 35,560 SH Sole 35,560
NIELSEN HOLDINGS NV Common Stock N63218106 267 8,857 SH Sole 8,857
NL INDUSTRIES Common Stock 629156407 428 28,756 SH Sole 28,756
NORANDA ALUMINUM HOLDING COR Common Stock 65542W107 407 40,797 SH Sole 40,797
NORDION INC Common Stock 65563C105 205 21,061 SH Sole 21,061
NORTHROP GRUMMAN CORP Common Stock 666807102 626 10,256 SH Sole 10,256
NSTAR LLC Common Stock 67019E107 348 7,150 SH Sole 7,150
NUSTAR ENERGY LP Ltd Part 67058H102 295 5,000 SH Sole 5,000
NUSTAR GP HOLDINGS LLC Ltd Part 67059L102 552 15,952 SH Sole 15,952
OCH-ZIFF CAPITAL MANAGEMEN-A Ltd Part 67551U105 133 14,366 SH Sole 14,366
OGE ENERGY CORP Common Stock 670837103 236 4,420 SH Sole 4,420
ORBOTECH LTD Common Stock M75253100 651 56,207 SH Sole 56,207
PACIFIC CAPITAL BANCORP Common Stock 69404P200 687 15,060 SH Sole 15,060
PARK ELECTROCHEMICAL CORP Common Stock 700416209 311 10,286 SH Sole 10,286
PDL BIOPHARMA INC Common Stock 69329Y104 651 102,326 SH Sole 102,326
PENDRELL CORP Common Stock 70686R104 542 207,553 SH Sole 207,553
PIONEER SOUTHWEST ENERGY PAR Ltd Part 72388B106 830 31,050 SH Sole 31,050
PLAINS ALL AMER PIPELINE LP Ltd Part 726503105 1,615 20,587 SH Sole 20,587
POLYONE CORPORATION Common Stock 73179P106 854 59,295 SH Sole 59,295
PRECISION DRILLING CORP Common Stock 74022D308 211 21,081 SH Sole 21,081
PRESTIGE BRANDS HOLDINGS INC Common Stock 74112D101 395 22,624 SH Sole 22,624
PRIMORIS SERVICES CORP Common Stock 74164F103 369 22,989 SH Sole 22,989
PROASSURANCE CORP Common Stock 74267C106 281 3,186 SH Sole 3,186
PRUDENTIAL FINANCIAL INC Common Stock 744320102 424 6,683 SH Sole 6,683
PUBLIC SERVICE ENTERPRISE GP Common Stock 744573106 1,452 47,443 SH Sole 47,443
QUAKER CHEMICAL CORP Common Stock 747316107 219 5,555 SH Sole 5,555
RAYTHEON COMPANY Common Stock 755111507 1,802 34,142 SH Sole 34,142
REINSURANCE GROUP OF AMERICA Common Stock 759351604 325 5,472 SH Sole 5,472
REVLON INC-CLASS A Common Stock 761525609 612 35,472 SH Sole 35,472
REYNOLDS AMERICAN INC Common Stock 761713106 2,139 51,607 SH Sole 51,607
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
ROGERS COMMUNICATIONS INC-B Common Stock 775109200 1,397 35,188 SH Sole 35,188
SABINE ROYALTY TRUST Royalty Trst 785688102 368 6,122 SH Sole 6,122
SAFE BULKERS INC Common Stock Y7388L103 920 137,664 SH Sole 137,664
SAFEGUARD SCIENTIFICS INC Common Stock 786449207 772 44,874 SH Sole 44,874
SAIC INC Common Stock 78390X101 570 43,191 SH Sole 43,191
SALLY BEAUTY HOLDINGS INC Common Stock 79546E104 326 13,154 SH Sole 13,154
SAN JUAN BASIN ROYALTY TR Royalty Trst 798241105 257 13,258 SH Sole 13,258
SANDY SPRING BANCORP INC Common Stock 800363103 189 10,408 SH Sole 10,408
SAUER-DANFOSS INC Common Stock 804137107 565 12,013 SH Sole 12,013
SCANSOURCE INC Common Stock 806037107 802 21,499 SH Sole 21,499
SCHOLASTIC CORP Common Stock 807066105 254 7,186 SH Sole 7,186
SCHULMAN (A.) INC Common Stock 808194104 347 12,850 SH Sole 12,850
SEABOARD CORP Common Stock 811543107 661 339 SH Sole 339
SEAGATE TECHNOLOGY Common Stock G7945M107 818 30,359 SH Sole 30,359
SEI INVESTMENTS COMPANY Common Stock 784117103 284 13,748 SH Sole 13,748
SELECT MEDICAL HOLDINGS CORP Common Stock 81619Q105 625 81,278 SH Sole 81,278
SEMPRA ENERGY Common Stock 816851109 927 15,452 SH Sole 15,452
SERVICE CORP INTERNATIONAL Common Stock 817565104 169 15,029 SH Sole 15,029
SHAW COMMUNICATIONS INC-B Common Stock 82028K200 692 32,729 SH Sole 32,729
SJW CORP Common Stock 784305104 242 10,015 SH Sole 10,015
SNAP-ON INC Common Stock 833034101 448 7,354 SH Sole 7,354
SONOCO PRODUCTS CO Common Stock 835495102 284 8,551 SH Sole 8,551
SOUTHERN COPPER CORP Common Stock 84265V105 2,848 89,829 SH Sole 89,829
SOUTHSIDE BANCSHARES INC Common Stock 84470P109 236 10,668 SH Sole 10,668
SPEEDWAY MOTORSPORTS INC Common Stock 847788106 552 29,551 SH Sole 29,551
SS&C TECHNOLOGIES HOLDINGS Common Stock 78467J100 613 26,261 SH Sole 26,261
STANDEX INTERNATIONAL CORP Common Stock 854231107 354 8,606 SH Sole 8,606
STATE STREET CORP Common Stock 857477103 217 4,779 SH Sole 4,779
STEINER LEISURE LTD Common Stock P8744Y102 445 9,123 SH Sole 9,123
STEPAN CO Common Stock 858586100 590 6,719 SH Sole 6,719
STRYKER CORP Common Stock 863667101 1,229 22,159 SH Sole 22,159
SUN HYDRAULICS CORP Common Stock 866942105 223 8,531 SH Sole 8,531
SUN LIFE FINANCIAL INC Common Stock 866796105 537 22,649 SH Sole 22,649
SUNOCO LOGISTICS PARTNERS LP Ltd Part 86764L108 585 15,468 SH Sole 15,468
SUPER MICRO COMPUTER INC Common Stock 86800U104 423 24,211 SH Sole 24,211
SUPERIOR INDUSTRIES INTL Common Stock 868168105 333 17,027 SH Sole 17,027
SUSSER HOLDINGS CORP Common Stock 869233106 336 13,085 SH Sole 13,085
SYMETRA FINANCIAL CORP Common Stock 87151Q106 872 75,650 SH Sole 75,650
SYNNEX CORP Common Stock 87162W100 488 12,796 SH Sole 12,796
SYSTEMAX INC Common Stock 871851101 470 27,863 SH Sole 27,863
TAYLOR CAPITAL GROUP INC Common Stock 876851106 221 15,423 SH Sole 15,423
TC PIPELINES LP Ltd Part 87233Q108 256 5,700 SH Sole 5,700
TE CONNECTIVITY LTD Common Stock H84989104 1,738 47,290 SH Sole 47,290
TELEDYNE TECHNOLOGIES INC Common Stock 879360105 234 3,711 SH Sole 3,711
TELETECH HOLDINGS INC Common Stock 879939106 490 30,410 SH Sole 30,410
TERRA NITROGEN COMPANY LP Ltd Part 881005201 418 1,665 SH Sole 1,665
TEXTAINER GROUP HOLDINGS LTD Common Stock G8766E109 1,682 49,603 SH Sole 49,603
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
---------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ---------------- ------ ----
THOMSON REUTERS CORP Common Stock 884903105 2,110 73,003 SH Sole 73,003
TIME WARNER CABLE Common Stock 88732J207 686 8,416 SH Sole 8,416
TOMPKINS FINANCIAL CORP Common Stock 890110109 290 7,240 SH Sole 7,240
TOWERS WATSON & CO-CL A Common Stock 891894107 292 4,412 SH Sole 4,412
TRANSCANADA CORP Common Stock 89353D107 1,234 28,707 SH Sole 28,707
TRANSGLOBE ENERGY CORP Common Stock 893662106 285 23,587 SH Sole 23,587
TREDEGAR CORP Common Stock 894650100 245 12,523 SH Sole 12,523
TRIPLE-S MANAGEMENT CORP-B Common Stock 896749108 284 12,303 SH Sole 12,303
TRW AUTOMOTIVE HOLDINGS CORP Common Stock 87264S106 485 10,450 SH Sole 10,450
UNIFIRST CORP/MA Common Stock 904708104 545 8,863 SH Sole 8,863
UNION FIRST MARKET BANKSHARE Common Stock 90662P104 171 12,237 SH Sole 12,237
UNITED ONLINE INC Common Stock 911268100 432 88,291 SH Sole 88,291
VALHI INC Common Stock 918905100 201 3,785 SH Sole 3,785
VIACOM INC-CLASS B Common Stock 92553P201 2,215 46,662 SH Sole 46,662
VISTEON CORP Common Stock 92839U206 512 9,654 SH Sole 9,654
W.P. CAREY & CO. LLC Ltd Part 92930Y107 920 19,788 SH Sole 19,788
WARNER CHILCOTT PLC-CLASS A Common Stock G94368100 177 10,516 SH Sole 10,516
WEIS MARKETS INC Common Stock 948849104 574 13,171 SH Sole 13,171
WELLPOINT INC Common Stock 94973V107 2,525 34,211 SH Sole 34,211
WESBANCO INC Common Stock 950810101 346 17,168 SH Sole 17,168
WEST PHARMACEUTICAL SERVICES Common Stock 955306105 528 12,421 SH Sole 12,421
WESTLAKE CHEMICAL CORP Common Stock 960413102 466 7,189 SH Sole 7,189
WILEY (JOHN) & SONS-CLASS A Common Stock 968223206 217 4,552 SH Sole 4,552
XCEL ENERGY INC Common Stock 98389B100 319 12,048 SH Sole 12,048
XEROX CORP Common Stock 984121103 122 15,096 SH Sole 15,096
X-RITE INC Common Stock 983857103 198 43,533 SH Sole 43,533