0001140361-12-008310.txt : 20120214
0001140361-12-008310.hdr.sgml : 20120214
20120214170256
ACCESSION NUMBER: 0001140361-12-008310
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120214
DATE AS OF CHANGE: 20120214
EFFECTIVENESS DATE: 20120214
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FBR & Co.
CENTRAL INDEX KEY: 0001371446
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 000000000
STATE OF INCORPORATION: VA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-13581
FILM NUMBER: 12612206
BUSINESS ADDRESS:
STREET 1: 1001 NINETEETH ST NORTH
CITY: ARLINGTON
STATE: VA
ZIP: 22209
BUSINESS PHONE: 703-312-9500
MAIL ADDRESS:
STREET 1: 1001 NINETEETH ST NORTH
CITY: ARLINGTON
STATE: VA
ZIP: 22209
FORMER COMPANY:
FORMER CONFORMED NAME: FBR CAPITAL MARKETS CORP
DATE OF NAME CHANGE: 20060803
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: 12/31/2011
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: FBR & CO.
Address: 1001 Nineteenth Street, North
Arlington VA 22209
Form 13F File Number:
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: Robert J. Kiernan
Title: Sr. Vice President, Controller and Chief Acctg Officer
Phone: 703-312-9500
Signature, Place, and Date of Signing:
/s/ Robert J. Kiernan Arlington, VA 2/14/2011
--------------------------------- --------------------------------- ----------
[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: 3
Form 13F Information Table Entry Total: 480
Form 13F Information Table Value Total: $ 1,562,907
--------------
(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.
No. Form 13F File Number Name
2 028-12557 FBR Fund Advisers, Inc
---- -------------------- ----------------------------------------------------
3 028-14034 FBR Capital Markets & Co
---- -------------------- ----------------------------------------------------
4 028-14017 FBR Capital Markets PT, Inc
---- -------------------- ----------------------------------------------------
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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
***BUNGE LTD COM G16962105 645.04 11,278 SH DEFINED 3 11,278 0 0
***GENCO SHIPPING & TRADING Convertible 36869MAA3 494.00 775 PRN DEFINED 3 0 0 775
Bond
3M CO COM 88579Y101 1,144.22 14,000 SH DEFINED 2 14,000 0 0
ABBOTT LABS COM 002824100 485.83 8,640 SH DEFINED 2 8,640 0 0
ABERCROMBIE & FITCH CO COM 002896207 323.08 6,615 SH DEFINED 2 6,615 0 0
ACTIVISION BLIZZARD INC COM 00507V109 396.31 32,168 SH DEFINED 2 32,168 0 0
ACTUANT CORP Convertible 00508XAB0 2,970.00 2,450 PRN DEFINED 3 0 0 2,450
Bond
ADOBE SYSTEMS INC COM 00724F101 480.59 17,000 SH DEFINED 3 17,000 0 0
AGL RES INC COM 001204106 19,815.42 468,893 SH DEFINED 2 468,893 0 0
ALBEMARLE CORP COM 012653101 3,729.27 72,399 SH DEFINED 2 72,399 0 0
ALEXANDER & BALDWIN INC COM 014482103 1,803.88 44,191 SH DEFINED 2 44,191 0 0
ALLETE INC COM 018522300 652.79 15,550 SH DEFINED 2 15,550 0 0
ALLIANCE ONE INTL INC Convertible 018772AQ6 1,934.00 2,480 PRN DEFINED 3 0 0 1,934
Bond
ALLIANT ENERGY CORP COM 018802108 1,824.08 41,353 SH DEFINED 2 41,353 0 0
ALLSCRIPTS HEALTHCARE SOLUTNS COM 01988P108 303.04 16,000 SH DEFINED 2 16,000 0 0
ALTERA CORP COM 21441100 1,024.89 27,624 SH DEFINED 3 27,624 0 0
ALTRIA GROUP INC COM 02209S103 2,389.17 80,579 SH DEFINED 2 80,579 0 0
AMAZON COM INC. COM 023135106 224.16 1,295 SH DEFINED 3 1,295 0 0
AMEREN CORP COM 023608102 2,133.24 64,390 SH DEFINED 2 64,390 0 0
AMEREN CORP COM 023608102 291.54 8,800 SH DEFINED 2 8,800 0 0
AMERICAN AXLE & MFG HLDGS INC COM 024061103 336.26 34,000 SH DEFINED 2 34,000 0 0
AMERICAN CAP LTD COM COM 02503Y103 1,177.75 175,000 SH DEFINED 2 175,000 0 0
AMERICAN CAPITAL AGENCY CORP C COM 02503X105 561.60 20,000 SH DEFINED 2 20,000 0 0
AMERICAN EXPRESS CO COM 025816109 1,415.10 30,000 SH DEFINED 2 30,000 0 0
AMERICAN INTL GROUP INC COM 026874784 464.00 20,000 SH DEFINED 2 20,000 0 0
AMERICAN TOWER CORP COM 029912201 66,646.81 1,110,595 SH DEFINED 2 1,110,595 0 0
AMERICAN WOODMARK CORP COM 030506109 9,290.99 680,160 SH DEFINED 2 680,160 0 0
AMERIPRISE FINL INC COM 03076C106 992.80 20,000 SH DEFINED 2 20,000 0 0
AON CORP COM 037389103 37,709.10 805,750 SH DEFINED 2 805,750 0 0
APACHE CORP COM 037411105 380.62 4,202 SH DEFINED 2 4,202 0 0
APPLE INC COM 037833100 1,620.00 4,000 SH DEFINED 2 4,000 0 0
APPLE INC COM 037833100 268.52 663 SH DEFINED 2 663 0 0
APPLIED MATLS INC COM 038222105 219.56 20,500 SH DEFINED 2 20,500 0 0
APOLLO COML REAL ESTATE COM 03762U105 203.50 15,500 SH DEFINED 2 15,500 0 0
ARES CAP CORP COM COM 04010L103 293.50 19,000 SH DEFINED 2 19,000 0 0
ARMSTRONG WORLD INDS INC NEW C COM 04247X102 311.48 7,100 SH DEFINED 2 7,100 0 0
ASCENA RETAIL GROUP INC COM 04351G101 297.20 10,000 SH DEFINED 2 10,000 0 0
ASSOCIATED BANC CORP COM 45487105 1,675.50 150,000 SH DEFINED 2 150,000 0 0
ASSOCIATED BANC CORP COM 045487105 335.10 30,000 SH DEFINED 2 30,000 0 0
ASTORIA FINL CORP COM 46265104 4,160.10 490,000 SH DEFINED 2 490,000 0 0
ATHENAHEALTH INC COM 04685W103 294.72 6,000 SH DEFINED 2 6,000 0 0
ATLAS AIR WORLDWIDE HLDGS INC COM 049164205 307.44 8,000 SH DEFINED 2 8,000 0 0
ATMOS ENERGY CORP COM 049560105 11,854.62 355,461 SH DEFINED 2 355,461 0 0
ATWOOD OCEANICS INC COM 050095108 422.25 10,612 SH DEFINED 2 10,612 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 378.07 7,000 SH DEFINED 2 7,000 0 0
AVISTA CORP COM 05379B107 1,229.05 47,730 SH DEFINED 2 47,730 0 0
BALLY TECHNOLOGIES INC COM 05874B107 46,245.64 1,169,000 SH DEFINED 2 1,169,000 0 0
BALLY TECHNOLOGIES INC COM 05874B107 276.92 7,000 SH DEFINED 2 7,000 0 0
BANCORP RHODE ISLAND INC COM 059690107 3,176.00 80,000 SH DEFINED 2 80,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 1,529.00 275,000 SH DEFINED 2 275,000 0 0
BANK OF NEW YORK MELLON CORP C COM 064058100 1,194.60 60,000 SH DEFINED 2 60,000 0 0
BANKUNITED INC COM 06652K103 3,650.34 166,000 SH DEFINED 2 166,000 0 0
BANNER CORP COM 06652V208 2,761.15 161,000 SH DEFINED 2 161,000 0 0
BARD C R INC COM 067383109 253.94 2,970 SH DEFINED 2 2,970 0 0
BARD C R INC COM 067383109 209.13 2,446 SH DEFINED 2 2,446 0 0
BAXTER INTL INC COM 071813109 419.34 8,475 SH DEFINED 2 8,475 0 0
BB&T CORP COM 054937107 1,258.50 50,000 SH DEFINED 2 50,000 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
BBCN BANCORP INC COM 073295107 2,173.50 230,000 SH DEFINED 2 230,000 0 0
BED BATH & BEYOND INC COM 075896100 405.79 7,000 SH DEFINED 2 7,000 0 0
BED BATH & BEYOND INC COM 075896100 226.08 3,900 SH DEFINED 2 3,900 0 0
BERKLEY W R CORP COM 084423102 233.85 6,800 SH DEFINED 2 6,800 0 0
BERKSHIRE HATHAWAY INC - CL A COM 084670108 2,754.12 24 SH DEFINED 2 24 0 0
BERKSHIRE HATHAWAY INC DEL COM 084670702 3,815.84 50,011 SH DEFINED 2 50,011 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 221.90 10,000 SH DEFINED 2 10,000 0 0
BIG LOTS INC COM 089302103 717.44 19,000 SH DEFINED 2 19,000 0 0
BIG LOTS INC COM 089302103 342.86 9,080 SH DEFINED 2 9,080 0 0
BLACK HILLS CORP COM 092113109 1,111.50 33,100 SH DEFINED 2 33,100 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 3,656.08 103,748 SH DEFINED 2 103,748 0 0
BROCADE COMMUNICATIONS SYS INC COM 111621306 208.12 40,100 SH DEFINED 2 40,100 0 0
BROOKDALE SENIOR LIVING INC Convertible 112463AA2 882.00 2,180 PRN DEFINED 3 0 0 2,180
Bond
BROOKLINE BANCORP INC DEL COM 11373M107 4,431.00 525,000 SH DEFINED 2 525,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 453.23 53,700 SH DEFINED 2 53,700 0 0
BROWN & BROWN INC COM 115236101 452.60 20,000 SH DEFINED 2 20,000 0 0
BROWN FORMAN CORP COM 115637209 1,212.96 15,066 SH DEFINED 2 15,066 0 0
BUCKLE INC COM 118440106 228.87 5,600 SH DEFINED 2 5,600 0 0
C&J ENERGY SVCS INC COM 12467B304 272.09 13,000 SH DEFINED 2 13,000 0 0
CALAMOS CONV OPP SH BEN INT 128117108 129.40 11,500 SH DEFINED 2 11,500 0 0
CALL GR 05/19/12 115 Call Option 2,762.00 2,500 CALL DEFINED 3 0 0 2,500
CAPITAL ONE FINL CORP COM 14040H105 2,579.69 61,000 SH DEFINED 2 61,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 422.90 10,000 SH DEFINED 2 10,000 0 0
CAPITALSOURCE INC COM 14055X102 2,512.50 375,000 SH DEFINED 2 375,000 0 0
CAPITOL FED FINL INC COM 14057J101 4,269.80 370,000 SH DEFINED 2 370,000 0 0
CAPITOL FED FINL INC COM 14057J101 449.40 38,949 SH DEFINED 2 38,949 0 0
CARMAX INC COM 143130102 56,085.88 1,840,088 SH DEFINED 2 1,840,088 0 0
CARMAX INC COM 143130102 2,531.12 83,042 SH DEFINED 2 83,042 0 0
CENTERPOINT ENERGY INC COM 15189T107 13,220.69 658,073 SH DEFINED 2 658,073 0 0
CERNER CORP COM 156782104 837.55 13,675 SH DEFINED 2 13,675 0 0
CH ENERGY GROUP INC COM 12541M102 602.77 10,325 SH DEFINED 2 10,325 0 0
CHECK POINT SOFTWARE TECH LTD COM M22465104 441.49 8,403 SH DEFINED 2 8,403 0 0
CHECK POINT SOFTWARE TECH LTD COM M22465104 367.78 7,000 SH DEFINED 2 7,000 0 0
CHENIERE ENERGY INC COM 16411R208 3,370.19 387,824 SH DEFINED 2 387,824 0 0
CHESAPEAKE UTILS CORP COM 165303108 886.07 20,440 SH DEFINED 2 20,440 0 0
CHEVRON CORP NEW COM 166764100 2,996.65 28,164 SH DEFINED 2 28,164 0 0
CHICOPEE BANCORP INC COM 168565109 261.24 18,660 SH DEFINED 2 18,660 0 0
CHICOS FAS INC COM 168615102 144.82 13,000 SH DEFINED 2 13,000 0 0
CHILDRENS PL RETAIL STORES INC COM 168905107 239.04 4,500 SH DEFINED 2 4,500 0 0
CHIMERA INVT CORP COM 16934Q109 94.13 37,500 SH DEFINED 2 37,500 0 0
CHIMERA INVT CORP COM 16934Q109 69.03 27,500 SH DEFINED 2 27,500 0 0
CIRRUS LOGIC INC COM 172755100 209.35 13,210 SH DEFINED 2 13,210 0 0
CISCO SYS INC COM 17275R102 2,617.13 144,753 SH DEFINED 2 144,753 0 0
CISCO SYS INC COM 17275R102 607.49 33,600 SH DEFINED 2 33,600 0 0
CISCO SYS INC COM 17275R102 253.21 14,005 SH DEFINED 2 14,005 0 0
CITIGROUP INC COM 172967424 2,578.32 98,000 SH DEFINED 2 98,000 0 0
CITRIX SYS INC COM 177376100 218.59 3,600 SH DEFINED 2 3,600 0 0
CITRIX SYSTEMS INC COM 177376100 613.27 10,100 SH DEFINED 3 10,100 0 0
CITY NATL CORP COM 178566105 1,767.20 40,000 SH DEFINED 2 40,000 0 0
CMS ENERGY CORP COM 125896100 6,985.41 316,368 SH DEFINED 2 316,368 0 0
CNO FINL GROUP INC COM 12621E103 1,419.75 225,000 SH DEFINED 2 225,000 0 0
CNO FINL GROUP INC COM 12621E103 179.84 28,500 SH DEFINED 2 28,500 0 0
COACH INC COM 189754104 488.32 8,000 SH DEFINED 2 8,000 0 0
COCA COLA CO COM 191216100 2,306.49 32,964 SH DEFINED 2 32,964 0 0
COCA COLA CO COM 191216100 643.72 9,200 SH DEFINED 2 9,200 0 0
COLONY FINL INC COM 19624R106 942.60 60,000 SH DEFINED 2 60,000 0 0
COMERICA INC COM 200340107 2,925.08 113,375 SH DEFINED 2 113,375 0 0
COMMONWEALTH REIT COM 203233101 1,081.60 65,000 SH DEFINED 2 65,000 0 0
COMMVAULT SYSTEMS INC COM 204166102 341.76 8,000 SH DEFINED 2 8,000 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
COMPLETE PRODUCTION SERVICES C COM 20453E109 553.74 16,500 SH DEFINED 2 16,500 0 0
COMPUWARE CORP COM 205638109 183.04 22,000 SH DEFINED 2 22,000 0 0
CONOCOPHILLIPS COM 20825C104 1,869.26 25,652 SH DEFINED 2 25,652 0 0
CONSOLIDATED EDISON INC COM 209115104 11,895.49 191,770 SH DEFINED 2 191,770 0 0
CONSTELLATION ENERGY GROUP INC COM 210371100 2,234.21 56,320 SH DEFINED 2 56,320 0 0
COOPER COS INC COM 216648402 669.94 9,500 SH DEFINED 2 9,500 0 0
COPART INC COM 217204106 358.46 7,485 SH DEFINED 2 7,485 0 0
CORNING INC COM 219350105 260.70 20,085 SH DEFINED 2 20,085 0 0
CUMMINS INC COM 231021106 528.12 6,000 SH DEFINED 2 6,000 0 0
CYS INVTS INC COM 12673A108 788.40 60,000 SH DEFINED 2 60,000 0 0
DECKERS OUTDOOR CORP COM 243537107 264.50 3,500 SH DEFINED 2 3,500 0 0
DELTA AIR LINES INC DEL COM 247361702 7,030.21 869,000 SH DEFINED 3 869,000 0 0
DELTA NAT GAS INC COM 247748106 472.42 13,753 SH DEFINED 2 13,753 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 7,021.44 94,910 SH DEFINED 2 94,910 0 0
Diana Containerships, Inc. (DCIX) COM 9,479.86 1,745,830 SH DEFINED 4 1,745,830 0 0
DISCOVER FINL SVCS COM 254709108 960.00 40,000 SH DEFINED 2 40,000 0 0
DISCOVER FINL SVCS COM 254709108 432.00 18,000 SH DEFINED 2 18,000 0 0
DOLBY LABORATORIES INC COM 25659T107 202.13 6,625 SH DEFINED 2 6,625 0 0
DOMINION RES INC VA NEW COM 25746U109 24,558.68 462,673 SH DEFINED 2 462,673 0 0
DOMINION RES INC VA NEW COM 25746U109 3,427.32 64,569 SH DEFINED 2 64,569 0 0
DTE ENERGY CO COM 233331107 6,790.73 124,715 SH DEFINED 2 124,715 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 274.68 6,000 SH DEFINED 2 6,000 0 0
DUKE ENERGY CORP NEW COM 26441C105 3,991.06 181,412 SH DEFINED 2 181,412 0 0
DUKE ENERGY CORP NEW COM 26441C105 1,608.02 73,092 SH DEFINED 2 73,092 0 0
E M C CORP MASS COM 268648102 2,772.00 128,691 SH DEFINED 2 128,691 0 0
EASTMAN KODAK CO COM 277461109 32.48 50,000 SH DEFINED 3 50,000 0 0
EATON VANCE CORP COM 278265103 2,506.01 106,007 SH DEFINED 2 106,007 0 0
EL PASO CORP COM 28336L109 26,745.79 1,006,616 SH DEFINED 2 1,006,616 0 0
Ellington Financial, LLC (EFC) COM 2,689.49 156,639 SH DEFINED 4 156,639 0 0
EMULEX CORP COM 292475209 137.20 20,000 SH DEFINED 2 20,000 0 0
ENBRIDGE INC COM 29250N105 26,623.24 711,661 SH DEFINED 2 711,661 0 0
ENCORE CAP GROUP INC COM 292554102 10,709.85 503,756 SH DEFINED 2 503,756 0 0
ENCORE CAP GROUP INC COM 292554102 4,209.40 198,000 SH DEFINED 2 198,000 0 0
ENDO PHARMACEUTICALS HLDGS INC COM 29264F205 312.50 9,050 SH DEFINED 2 9,050 0 0
ENERGEN CORP COM 29265N108 4,071.45 81,429 SH DEFINED 2 81,429 0 0
ENERGEN CORP COM 29265N108 233.85 4,677 SH DEFINED 2 4,677 0 0
ENERGY XXI (BERMUDA) LTD COM G10082140 382.56 12,000 SH DEFINED 2 12,000 0 0
ENSCO PLC COM 29358Q109 623.30 13,285 SH DEFINED 2 13,285 0 0
ENTERGY CORP NEW COM 29364G103 482.13 6,600 SH DEFINED 2 6,600 0 0
EQT CORP COM 26884L109 4,159.11 75,910 SH DEFINED 2 75,910 0 0
EXELON CORP COM 30161N101 5,294.39 122,075 SH DEFINED 2 122,075 0 0
EXELON CORP COM 30161N101 607.18 14,000 SH DEFINED 2 14,000 0 0
FACTSET RESH SYS INC COM 303075105 331.40 3,797 SH DEFINED 2 3,797 0 0
FEDEX CORP COM 31428X106 1,617.84 19,373 SH DEFINED 2 19,373 0 0
FIFTH THIRD BANCORP COM 316773100 2,862.00 225,000 SH DEFINED 2 225,000 0 0
FIFTH THIRD BANCORP COM 316773100 1,272.00 100,000 SH DEFINED 2 100,000 0 0
FIFTH THIRD BANCORP COM 316773100 227.69 17,900 SH DEFINED 2 17,900 0 0
FIRST CONN BANCORP INC MD COM 3,422.50 263,067 SH DEFINED 2 263,067 0 0
FIRST HORIZON NATL CORP COM 320517105 3,040.00 380,000 SH DEFINED 2 380,000 0 0
FIRST HORIZON NATL CORP COM 320517105 226.02 28,253 SH DEFINED 2 28,253 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 3,279.40 380,000 SH DEFINED 2 380,000 0 0
FIRSTMERIT CORP COM 337915102 1,134.75 75,000 SH DEFINED 2 75,000 0 0
FLUSHING FINL CORP COM 343873105 4,315.99 341,725 SH DEFINED 2 341,725 0 0
FOREST LABS INC COM 345838106 479.24 15,838 SH DEFINED 2 15,838 0 0
FORTRESS INVESTMENT GROUP LLC COM 34958B106 676.00 200,000 SH DEFINED 2 200,000 0 0
FRANKLIN RES INC COM 354613101 343.41 3,575 SH DEFINED 2 3,575 0 0
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 367.90 10,000 SH DEFINED 2 10,000 0 0
FULTON FINL CORP PA COM 360271100 2,256.30 230,000 SH DEFINED 2 230,000 0 0
FULTON FINL CORP PA COM 360271100 315.88 32,200 SH DEFINED 2 32,200 0 0
GAS NAT INC COM 367204104 228.19 19,999 SH DEFINED 2 19,999 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
GENERAL ELECTRIC CO COM 369604103 780.88 43,600 SH DEFINED 2 43,600 0 0
GENESEE & WYO INC COM 371559105 605.80 10,000 SH DEFINED 2 10,000 0 0
GENUINE PARTS CO COM 372460105 716.04 11,700 SH DEFINED 2 11,700 0 0
GENUINE PARTS CO COM 372460105 208.08 3,400 SH DEFINED 2 3,400 0 0
GILEAD SCIENCES INC COM 375558103 274.23 6,700 SH DEFINED 2 6,700 0 0
GLACIER BANCORP INC NEW COM 37637Q105 661.65 55,000 SH DEFINED 2 55,000 0 0
GOLD FIELDS LTD NEW COM 38059T106 166.23 10,900 SH DEFINED 2 10,900 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 813.87 9,000 SH DEFINED 2 9,000 0 0
GOODRICH CORPORATION COM 382388106 3,711.00 30,000 SH DEFINED 3 30,000 0 0
GOODRICH CORPORATION COM 382388106 1,237.00 10,000 SH DEFINED 3 10,000 0 0
GOOGLE INC COM 38259P508 30,874.02 47,800 SH DEFINED 2 47,800 0 0
GOOGLE INC COM 38259P508 1,033.44 1,600 SH DEFINED 2 1,600 0 0
GOOGLE INC COM 38259P508 268.05 415 SH DEFINED 2 415 0 0
GRACE W R & CO DEL NEW COM 38388F108 321.44 7,000 SH DEFINED 2 7,000 0 0
GREEN DOT CORP COM 39304D102 2,997.12 96,000 SH DEFINED 2 96,000 0 0
HALLIBURTON CO COM 406216101 379.61 11,000 SH DEFINED 2 11,000 0 0
HANSEN NAT CORP COM 411310105 529.81 5,750 SH DEFINED 2 5,750 0 0
HATTERAS FINL CORP COM 41902R103 1,731.48 65,661 SH DEFINED 2 65,661 0 0
HATTERAS FINL CORP COM 41902R103 1,054.80 40,000 SH DEFINED 2 40,000 0 0
HAWAIIAN HLDGS INC Convertible 419879AD3 2,709.00 2,700 PRN DEFINED 3 0 0 2700
Bond
HEARTLAND EXPRESS INC COM 422347104 172.91 12,100 SH DEFINED 2 12,100 0 0
HENRY JACK & ASSOC INC COM 426281101 739.42 22,000 SH DEFINED 2 22,000 0 0
HERSHEY CO COM 427866108 1,515.71 24,534 SH DEFINED 2 24,534 0 0
HESS CORP COM 42809H107 511.20 9,000 SH DEFINED 2 9,000 0 0
HINGHAM INSTN SVGS MASS COM 433323102 4,618.92 96,661 SH DEFINED 2 96,661 0 0
HORACE MANN EDUCATORS CORP NEW COM 440327104 891.15 65,000 SH DEFINED 2 65,000 0 0
HORMEL FOODS CORP COM 440452100 436.42 14,900 SH DEFINED 2 14,900 0 0
HUDSON CITY BANCORP COM 443683107 188.66 30,225 SH DEFINED 2 30,225 0 0
HUNTINGTON BANCSHARES INC COM 446150104 1,235.25 225,000 SH DEFINED 2 225,000 0 0
IBERIABANK CORP COM 450828108 1,479.00 30,000 SH DEFINED 2 30,000 0 0
INDEPENDENT BANK CORP MASS COM 453836108 3,820.60 140,000 SH DEFINED 2 140,000 0 0
INDEPENDENT BANK CORP MASS COM 453836108 436.64 16,000 SH DEFINED 2 16,000 0 0
INNOSPEC INC COM 45768S105 280.70 10,000 SH DEFINED 2 10,000 0 0
Institutional Financial Markets, COM 46.08 32,000 SH DEFINED 4 32,000 0 0
Inc. (IFMI)
INSULET CORPORATION Convertible 45784PAC5 1,000.00 1,000 PRN DEFINED 3 0 0 1,000
Bond
INTEGRYS ENERGY GROUP INC COM 45822P105 8,317.77 153,521 SH DEFINED 2 153,521 0 0
INTEL CORP COM 458140100 3,089.56 122,117 SH DEFINED 2 122,117 0 0
INTEL CORP COM 458140100 654.75 27,000 SH DEFINED 2 27,000 0 0
INTERNATIONAL BUSINESS MACHS C COM 459200101 1,910.15 10,388 SH DEFINED 2 10,388 0 0
INTERNATIONAL BUSINESS MACHS C COM 459200101 551.64 3,000 SH DEFINED 2 3,000 0 0
INTUITIVE SURGICAL INC COM 46120E602 256.97 555 SH DEFINED 2 555 0 0
INVESCO MORTGAGE CAPITAL INC C COM 46131B100 702.50 50,000 SH DEFINED 2 50,000 0 0
Invesco Mortgage Capital, Inc. COM 4,186.90 298,000 SH DEFINED 4 298,000 0 0
(IVR)
ISHARES TR HIGH YLD CORP Investment 464288513 1,350.39 15,100 DEFINED 2 15,100 0 0
Company
ISHARES TR HIGH YLD CORP Investment 464288513 858.53 9,600 DEFINED 2 9,600 0 0
Company
JETBLUE AIRWAYS CORP COM 477143101 364.00 70,000 SH DEFINED 2 70,000 0 0
JOHNSON & JOHNSON COM 478160104 729.32 11,121 SH DEFINED 2 11,121 0 0
JPMORGAN CHASE & CO. COM 46625H100 2,660.00 80,000 SH DEFINED 2 80,000 0 0
JPMORGAN CHASE & CO. COM 46625H100 556.11 16,725 SH DEFINED 2 16,725 0 0
KANSAS CITY SOUTHERN COM 485170302 353.65 5,200 SH DEFINED 2 5,200 0 0
KB HOME COM 48666K109 3,024.00 450,000 SH DEFINED 2 450,000 0 0
KEY ENERGY SVCS INC COM 492914106 343.43 22,200 SH DEFINED 2 22,200 0 0
KEYCORP NEW COM 493267108 2,922.20 380,000 SH DEFINED 2 380,000 0 0
KEYCORP NEW COM 493267108 1,461.10 190,000 SH DEFINED 2 190,000 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
KEYCORP NEW COM 493267108 207.25 26,950 SH DEFINED 2 26,950 0 0
Kgen Power Corporation (KGENY) COM 4,709.60 560,000 SH DEFINED 4 560,000 0 0
KIRBY CORP COM 497266106 243.61 3,700 SH DEFINED 2 3,700 0 0
KKR FINANCIAL HLDGS LLC COM 48248A306 4,059.45 465,000 SH DEFINED 2 465,000 0 0
KKR FINL HLDGS LLC Convertible 48248AAD0 323.00 239 PRN DEFINED 3 0 0 239
Bond
KODIAK OIL & GAS CORP COM 50015Q100 788.50 83,000 SH DEFINED 2 83,000 0 0
KOHLS CORP COM 500255104 577.40 11,700 SH DEFINED 2 11,700 0 0
LACLEDE GROUP INC COM 505597104 3,912.19 96,669 SH DEFINED 2 96,669 0 0
LAMAR ADVERTISING CO COM 512815101 17,325.00 630,000 SH DEFINED 2 630,000 0 0
LAUDER ESTEE COS INC COM 518439104 539.14 4,800 SH DEFINED 2 4,800 0 0
LENNOX INTL INC COM 526107107 303.75 9,000 SH DEFINED 2 9,000 0 0
LINCOLN NATL CORP IND COM 534187109 388.40 20,000 SH DEFINED 2 20,000 0 0
LINN ENERGY COM 536020100 265.00 7,000 SH DEFINED 2 7,000 0 0
LORILLARD INC COM 544147101 1,448.71 12,708 SH DEFINED 2 12,708 0 0
LOWES COS INC COM 548661107 937.64 36,944 SH DEFINED 2 36,944 0 0
M & T BK CORP COM 55261F104 2,102.50 27,546 SH DEFINED 2 27,546 0 0
MADDEN STEVEN LTD COM 556269108 207.00 6,000 SH DEFINED 2 6,000 0 0
MAGNA INTL INC COM 559222401 364.08 10,930 SH DEFINED 2 10,930 0 0
MARATHON OIL CORP COM 565849106 430.27 14,700 SH DEFINED 2 14,700 0 0
MARATHON PETE CORP COM 56585A102 244.68 7,350 SH DEFINED 2 7,350 0 0
MARKEL CORP COM 570535104 56,660.51 136,640 SH DEFINED 2 136,640 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 5,652.27 445,061 SH DEFINED 2 445,061 0 0
MASTEC INC Convertible 576323AM1 4,341.00 3,258 PRN DEFINED 3 0 0 3,258
Bond
MASTEC INC Convertible 576323AL3 1,742.00 1,344 PRN DEFINED 3 0 0 1,344
Bond
MASTERCARD INC COM 57636Q104 1,118.46 3,000 SH DEFINED 2 3,000 0 0
MATTEL INC COM 577081102 355.99 12,824 SH DEFINED 2 12,824 0 0
MBIA INC COM 55262C100 1,738.50 150,000 SH DEFINED 2 150,000 0 0
MCG CAPITAL COM 58047P107 71.80 18,000 SH DEFINED 2 18,000 0 0
MDU RES GROUP INC COM 552690109 5,786.17 269,626 SH DEFINED 2 269,626 0 0
MEADWESTVACO CORP COM 583334107 2,915.21 97,336 SH DEFINED 2 97,336 0 0
MEDASSETS INC COM 584045108 166.50 18,000 SH DEFINED 2 18,000 0 0
MEDIDATA SOLUTIONS INC COM 58471A105 587.25 27,000 SH DEFINED 2 27,000 0 0
MELLANOX TECHNOLOGIES LTD COM M51363113 259.92 8,000 SH DEFINED 2 8,000 0 0
MERCK & CO INC NEW COM 58933Y105 542.88 14,400 SH DEFINED 2 14,400 0 0
MERITOR INC COM 59001K100 79.80 15,000 SH DEFINED 2 15,000 0 0
METLIFE INC COM 59156R108 1,870.80 60,000 SH DEFINED 2 60,000 0 0
MFA FINANCIAL INC COM 55272X102 907.20 135,000 SH DEFINED 2 135,000 0 0
MFA Financial, Inc. (MFA) COM 4,001.76 595,500 SH DEFINED 4 595,500 0 0
MGE ENERGY INC COM 55277P104 674.00 14,411 SH DEFINED 2 14,411 0 0
MGIC INVT CORP WIS COM 552848103 1,585.25 425,000 SH DEFINED 2 425,000 0 0
MICRON TECHNOLOGY INC COM 595112103 196.88 31,300 SH DEFINED 3 31,300 0 0
MICROS SYS INC COM 594901100 400.04 8,590 SH DEFINED 2 8,590 0 0
MICROSOFT CORP COM 594918104 2,118.13 81,592 SH DEFINED 2 81,592 0 0
MICROSOFT CORP COM 594918104 476.37 18,350 SH DEFINED 2 18,350 0 0
MICROSOFT CORP COM 594918104 254.80 9,815 SH DEFINED 2 9,815 0 0
MICROSTRATEGY INC COM 594972408 541.60 5,000 SH DEFINED 2 5,000 0 0
MODINE MFG CO COM 607828100 192.04 20,300 SH DEFINED 2 20,300 0 0
MONSANTO CO NEW COM 61166W101 210.21 3,000 SH DEFINED 2 3,000 0 0
MORGAN STANLEY COM 617446448 1,134.75 75,000 SH DEFINED 2 75,000 0 0
MORGAN STANLEY COM 617446448 196.69 13,000 SH DEFINED 2 13,000 0 0
MORGAN STANLET EMERGING MARKETS COM 617477104 155.60 11,000 SH DEFINED 2 11,000 0 0
MOTOROLA MOBILITY HOLDINGS INC COM 620097105 776.00 20,000 SH DEFINED 3 20,000 0 0
MSC INDL DIRECT INC COM 553530106 200.34 2,800 SH DEFINED 2 2,800 0 0
MURPHY OIL CORP COM 626717102 579.70 10,400 SH DEFINED 2 10,400 0 0
NATIONAL FUEL GAS CO N J COM 636180101 12,501.72 224,932 SH DEFINED 2 224,932 0 0
NATIONAL GRID PLC COM 636274300 26,379.47 544,131 SH DEFINED 2 544,131 0 0
NATIONAL PENN BANCSHARES INC C COM 637138108 1,730.20 205,000 SH DEFINED 2 205,000 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
NETAPP INC COM 64110D104 507.78 14,000 SH DEFINED 2 14,000 0 0
NETAPP INC COM 64110D104 202.93 5,595 SH DEFINED 2 5,595 0 0
NETSPEND HLDGS INC COM 64118V106 4,055.00 500,000 SH DEFINED 2 500,000 0 0
NETSUITE INC COM 64118Q107 283.85 7,000 SH DEFINED 2 7,000 0 0
NEW JERSEY RES COM 646025106 6,972.57 141,719 SH DEFINED 2 141,719 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 804.05 65,000 SH DEFINED 2 65,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 145.78 11,785 SH DEFINED 2 11,785 0 0
NEWMARKET CORP COM 651587107 3,901.97 19,696 SH DEFINED 2 19,696 0 0
NEWMARKET CORP COM 651587107 297.17 1,500 SH DEFINED 2 1,500 0 0
NEWMONT MINING CORP COM 651639106 420.07 7,000 SH DEFINED 2 7,000 0 0
NEWS CORP COM 65248E104 33,949.52 1,903,000 SH DEFINED 2 1,903,000 0 0
NEXEN INC COM 65334H102 490.03 30,800 SH DEFINED 2 30,800 0 0
NGP CAP RESOURCE COM 62912R107 122.20 17,000 SH DEFINED 2 17,000 0 0
NISOURCE INC COM 65473P105 16,295.56 684,400 SH DEFINED 2 684,400 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,078.33 14,800 SH DEFINED 2 14,800 0 0
NORTHEAST UTILS COM 664397106 1,943.27 53,875 SH DEFINED 2 53,875 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 2,504.25 525,000 SH DEFINED 2 525,000 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 2,985.60 240,000 SH DEFINED 2 240,000 0 0
NORTHWEST NAT GAS CO COM 667655104 5,733.19 119,616 SH DEFINED 2 119,616 0 0
NOVARTIS A G COM 66987V109 611.72 10,700 SH DEFINED 2 10,700 0 0
NRG ENERGY INC COM 629377508 237.37 13,100 SH DEFINED 2 13,100 0 0
NV ENERGY INC COM 67073Y106 208.46 12,750 SH DEFINED 2 12,750 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 76,339.70 954,843 SH DEFINED 2 954,843 0 0
OASIS PETE INC NEW COM 674215108 436.35 15,000 SH DEFINED 2 15,000 0 0
OCEANFIRST FINL CORP COM 675234108 4,280.19 327,482 SH DEFINED 2 327,482 0 0
ONEOK INC NEW COM 682680103 26,361.39 304,088 SH DEFINED 2 304,088 0 0
OPEN TEXT CORP COM 683715106 418.07 8,175 SH DEFINED 2 8,175 0 0
ORACLE CORP COM 68389X105 654.08 25,500 SH DEFINED 2 25,500 0 0
ORACLE CORP COM 68389X105 257.14 10,025 SH DEFINED 2 10,025 0 0
PALL CORP COM 696429307 348.33 6,095 SH DEFINED 2 6,095 0 0
PAR PHARMACEUTICAL COS INC COM 69888P106 327.30 10,000 SH DEFINED 2 10,000 0 0
PAYCHEX INC COM 704326107 361.32 12,000 SH DEFINED 2 12,000 0 0
PAYCHEX INC COM 704326107 288.30 9,575 SH DEFINED 2 9,575 0 0
PDL BIOPHARMA INC Convertible 69329YAC8 804.00 800 PRN DEFINED 3 0 0 800
Bond
PENN NATL GAMING INC COM 707569109 53,057.02 1,393,670 SH DEFINED 2 1,393,670 0 0
PENN NATL GAMING INC COM 707569109 685.26 18,000 SH DEFINED 2 18,000 0 0
PENNANTPARK INVT CORP COM Investment 708062104 121.08 12,000 DEFINED 2 12,000 0 0
Company
PENNANTPARK INVT CORP COM Investment 708062104 116.04 11,500 DEFINED 2 11,500 0 0
Company
PEOPLES UNITED FINANCIAL INC C COM 712704105 1,413.50 110,000 SH DEFINED 2 110,000 0 0
PEOPLES UNITED FINANCIAL INC C COM 712704105 131.71 10,250 SH DEFINED 2 10,250 0 0
PEPCO HOLDINGS INC COM 713291102 743.06 36,604 SH DEFINED 2 36,604 0 0
PEPSICO INC COM 713448108 451.18 6,800 SH DEFINED 2 6,800 0 0
PERKINELMER INC COM 714046109 438.00 21,900 SH DEFINED 2 21,900 0 0
PETROLEO BRASILEIRO SA PETROBR COM 71654V408 447.30 18,000 SH DEFINED 2 18,000 0 0
PETROQUEST ENERGY INC COM 716748207 165.00 25,000 SH DEFINED 3 25,000 0 0
PFIZER INC COM 717081103 1,641.09 75,836 SH DEFINED 2 75,836 0 0
PG&E CORP COM 69331C108 18,579.71 450,745 SH DEFINED 2 450,745 0 0
PG&E CORP COM 69331C108 350.37 8,500 SH DEFINED 2 8,500 0 0
PHARMASSET INC COM 71715N106 1,282.00 10,000 SH DEFINED 3 10,000 0 0
PHH CORP Convertible 693320AN3 146.00 183 PRN DEFINED 3 0 0 183
Bond
PHILIP MORRIS INTL INC COM 718172109 1,585.30 20,200 SH DEFINED 2 20,200 0 0
PIEDMONT NAT GAS INC COM 720186105 10,366.65 305,081 SH DEFINED 2 305,081 0 0
PIER 1 IMPORTS INC COM 720279108 376.11 27,000 SH DEFINED 2 27,000 0 0
PIONEER NAT RES CO COM 723787107 266.20 2,975 SH DEFINED 2 2,975 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,883.50 50,000 SH DEFINED 2 50,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 299.88 5,200 SH DEFINED 2 5,200 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
POLYONE CORP COM 73179P106 231.00 20,000 SH DEFINED 2 20,000 0 0
PORTFOLIO RECOVERY ASSOCS INC COM 73640Q105 3,038.40 45,000 SH DEFINED 2 45,000 0 0
PORTLAND GEN ELEC CO COM 736508847 440.05 17,400 SH DEFINED 2 17,400 0 0
PPL CORP COM 69351T106 1,492.62 50,735 SH DEFINED 2 50,735 0 0
PRICE T ROWE GROUP INC COM 74144T108 7,118.75 125,000 SH DEFINED 2 125,000 0 0
PRICE T ROWE GROUP INC COM 74144T108 602.25 10,575 SH DEFINED 2 10,575 0 0
PRICE T ROWE GROUP INC COM 74144T108 388.46 6,821 SH DEFINED 2 6,821 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 861.00 35,000 SH DEFINED 2 35,000 0 0
PROCTER & GAMBLE CO COM 742718109 600.39 9,000 SH DEFINED 2 9,000 0 0
PROVIDENT FINL SVCS INC COM 74386T105 736.45 55,000 SH DEFINED 2 55,000 0 0
PRUDENTIAL FINL INC COM 744320102 1,503.60 30,000 SH DEFINED 2 30,000 0 0
PRUDENTIAL FINL INC COM 744320102 405.97 8,100 SH DEFINED 2 8,100 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 15,131.95 458,405 SH DEFINED 2 458,405 0 0
QLOGIC CORP COM 747277101 150.00 10,000 SH DEFINED 2 10,000 0 0
QUALITY SYS INC COM 747582104 480.87 13,000 SH DEFINED 2 13,000 0 0
QUESTAR CORP COM 748356102 11,458.76 576,977 SH DEFINED 2 576,977 0 0
RACKSPACE HOSTING INC COM 750086100 279.57 6,500 SH DEFINED 2 6,500 0 0
RADWARE LTD COM M81873107 585.00 20,000 SH DEFINED 2 20,000 0 0
RAIT FINANCIAL TRUST COM 749227609 2,185.00 460,000 SH DEFINED 2 460,000 0 0
RANGE RES CORP COM 75281A109 371.64 6,000 SH DEFINED 2 6,000 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 269.35 8,700 SH DEFINED 2 8,700 0 0
REGIONS FINANCIAL CORP COM 7591EP100 577.87 134,388 SH DEFINED 3 134,388 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 202.96 47,200 SH DEFINED 2 47,200 0 0
REINSURANCE GROUP AMER INC COM 759351604 235.13 4,500 SH DEFINED 2 4,500 0 0
RESMED INC COM 761152107 215.90 8,500 SH DEFINED 2 8,500 0 0
REYNOLDS AMERICAN INC COM 761713106 2,073.98 50,072 SH DEFINED 2 50,072 0 0
RGC RES INC COM 74955L103 357.03 19,758 SH DEFINED 2 19,758 0 0
RIVERBED TECHNOLOGY INC COM 768573107 1,005.80 42,800 SH DEFINED 3 42,800 0 0
ROADRUNNER TRNSN SVCS HLDG INC COM 76973Q105 7,237.35 512,200 SH DEFINED 2 512,200 0 0
ROCKVILLE FINL INC NEW COM 774188106 3,441.55 332,196 SH DEFINED 2 332,196 0 0
ROPER INDS INC NEW COM 776696106 342.44 3,942 SH DEFINED 2 3,942 0 0
ROSETTA RESOURCES INC COM 777779307 217.50 5,000 SH DEFINED 2 5,000 0 0
ROWAN COS INC COM 779382100 441.27 14,550 SH DEFINED 2 14,550 0 0
RSC HOLDINGS INC COM 74972L102 222.00 12,000 SH DEFINED 2 12,000 0 0
RTI INTL METALS INC Convertible 74973WAA5 1,177.00 3,036 PRN DEFINED 3 0 0 3,036
Bond
SATCON TECHNOLOGY CORP COM 803893106 15.09 25,153 SH DEFINED 2 25,153 0 0
SAUER-DANFOSS INC COM 804137107 724.20 20,000 SH DEFINED 2 20,000 0 0
SCHEIN HENRY INC COM 806407102 6,361.37 98,733 SH DEFINED 2 98,733 0 0
SCHNITZER STL INDS COM 806882106 211.40 5,000 SH DEFINED 2 5,000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 10,269.12 912,000 SH DEFINED 2 912,000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 1,126.00 100,000 SH DEFINED 2 100,000 0 0
SEI INVESTMENTS CO COM 784117103 772.08 44,500 SH DEFINED 2 44,500 0 0
SEI INVESTMENTS CO COM 784117103 354.81 20,450 SH DEFINED 2 20,450 0 0
SEMPRA ENERGY COM 816851109 23,158.85 421,070 SH DEFINED 2 421,070 0 0
SIGMA ALDRICH CORP COM 826552101 248.84 3,984 SH DEFINED 2 3,984 0 0
SILICONWARE PRECISION INDS LTD COM 827084864 134.72 30,900 SH DEFINED 2 30,900 0 0
SIMPSON MANUFACTURING CO INC C COM 829073105 27,769.50 825,000 SH DEFINED 2 825,000 0 0
SIMPSON MANUFACTURING CO INC C COM 829073105 269.28 8,000 SH DEFINED 2 8,000 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 667.21 15,150 SH DEFINED 2 15,150 0 0
SMITH A O COM 831865209 682.04 17,000 SH DEFINED 2 17,000 0 0
SNAP ON INC COM 833034101 263.22 5,200 SH DEFINED 2 5,200 0 0
SONIC AUTOMOTIVE INC-CL A COM 83545G102 459.11 31,000 SH DEFINED 3 31,000 0 0
SOURCEFIRE INC COM 83616T108 246.09 7,600 SH DEFINED 2 7,600 0 0
SOUTH JERSEY INDS INC COM 838518108 5,146.93 90,599 SH DEFINED 2 90,599 0 0
SOUTHERN UN CO NEW COM 844030106 17,432.82 413,983 SH DEFINED 2 413,983 0 0
SOUTHERN UNION CO NEW COM 844030106 421.10 10,000 SH DEFINED 3 10,000 0 0
SOUTHWEST GAS CORP COM 844895102 8,011.57 188,552 SH DEFINED 2 188,552 0 0
SPDR BARCLAYS CAPITAL HIGH YIE Investment 78464A417 480.63 12,500 DEFINED 2 12,500 0 0
Company
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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
SPDR BARCLAYS CAPITAL HIGH YIE Investment 78464A417 384.50 10,000 DEFINED 2 10,000 0 0
Company
SPECTRA ENERGY CORP COM 847560109 26,112.19 849,177 SH DEFINED 2 849,177 0 0
STANDARD PACIFIC CORP NEW COM 85375C101 106.53 33,500 SH DEFINED 3 33,500 0 0
STARWOOD PPTY COM 85571B105 194.30 10,500 SH DEFINED 2 10,500 0 0
STATE BANCORP INC N.Y COM 855716106 3,416.00 280,000 SH DEFINED 2 280,000 0 0
STERLING FINL CORP WASH COM 859319303 4,342.00 260,000 SH DEFINED 2 260,000 0 0
STEWART INFORMATION SERVICES Convertible 860372AB7 2,924.00 2,633 DEFINED 3 0 0 2,633
Bond
STRYKER CORP COM 863667101 531.90 10,700 SH DEFINED 2 10,700 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 283.62 34,800 SH DEFINED 2 34,800 0 0
SUNTRUST BKS INC COM 867914103 2,920.50 165,000 SH DEFINED 2 165,000 0 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 5,195.60 620,000 SH DEFINED 2 620,000 0 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 341.90 40,800 SH DEFINED 2 40,800 0 0
SYNCHRONOSS TECHNOLOGIES INC C COM 87157B103 241.68 8,000 SH DEFINED 2 8,000 0 0
SYSCO CORP COM 871829107 777.25 26,500 SH DEFINED 2 26,500 0 0
TALEO CORP COM 87424N104 247.62 6,400 SH DEFINED 2 6,400 0 0
TCF FINL CORP COM 872275102 3,818.40 370,000 SH DEFINED 2 370,000 0 0
TECHNE CORP COM 878377100 231.06 3,385 SH DEFINED 2 3,385 0 0
TECO ENERGY INC COM 872375100 2,352.11 122,890 SH DEFINED 2 122,890 0 0
TERNIUM SA COM 880890108 194.93 10,600 SH DEFINED 2 10,600 0 0
TERRITORIAL BANCORP INC COM 88145X108 4,520.78 228,900 SH DEFINED 2 228,900 0 0
TFS FINL CORP COM 87240R107 3,584.00 400,000 SH DEFINED 2 400,000 0 0
TIFFANY & CO NEW COM 886547108 496.95 7,500 SH DEFINED 2 7,500 0 0
TIFFANY & CO NEW COM 886547108 433.01 6,535 SH DEFINED 2 6,535 0 0
TORO CO COM 891092108 242.64 4,000 SH DEFINED 2 4,000 0 0
TOTAL SYS SVCS INC COM 891906109 684.60 35,000 SH DEFINED 2 35,000 0 0
TOWER GROUP INC COM 891777104 363.06 18,000 SH DEFINED 2 18,000 0 0
TRANSCANADA CORP COM 89353D107 26,778.75 613,207 SH DEFINED 2 613,207 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 131.49 27,000 SH DEFINED 2 27,000 0 0
TWO HBRS INVT CORP COM 90187B101 831.60 90,000 SH DEFINED 2 90,000 0 0
TYSON FOODS INC COM 902494103 274.00 13,275 SH DEFINED 2 13,275 0 0
U S AIRWAYS GROUP INC COM 90341W108 121.68 24,000 SH DEFINED 2 24,000 0 0
UDR INC COM 902653104 1,843.07 73,429 SH DEFINED 2 73,429 0 0
UGI CORP NEW COM 902681105 4,568.03 155,375 SH DEFINED 2 155,375 0 0
UIL HLDG CORP COM 902748102 3,438.11 97,204 SH DEFINED 2 97,204 0 0
UNILEVER PLC COM 904767704 752.52 22,450 SH DEFINED 2 22,450 0 0
UNION PAC CORP COM 907818108 736.28 6,950 SH DEFINED 2 6,950 0 0
UNISOURCE ENERGY CORP COM 909205106 379.54 10,280 SH DEFINED 2 10,280 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM 90984P303 873.75 125,000 SH DEFINED 2 125,000 0 0
UNITED FINANCIAL BANCORP INC C COM 91030T109 3,379.11 210,013 SH DEFINED 2 210,013 0 0
UNITED FINANCIAL BANCORP INC C COM 91030T109 555.91 34,550 SH DEFINED 2 34,550 0 0
UNITED THERAPEUTICS CORP DEL C COM 91307C102 274.05 5,800 SH DEFINED 2 5,800 0 0
UNITIL CORP COM 913259107 646.58 22,783 SH DEFINED 2 22,783 0 0
US BANCORP DEL COM 902973304 2,840.25 105,000 SH DEFINED 2 105,000 0 0
US BANCORP DEL COM 902973304 730.35 27,000 SH DEFINED 2 27,000 0 0
V F CORP COM 918204108 283.06 2,229 SH DEFINED 2 2,229 0 0
VARIAN MED SYS INC COM 92220P105 298.33 4,444 SH DEFINED 2 4,444 0 0
VECTREN CORP COM 92240G101 4,688.19 155,084 SH DEFINED 2 155,084 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,013.21 75,105 SH DEFINED 2 75,105 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 361.08 9,000 SH DEFINED 2 9,000 0 0
VISA INC COM 92826C839 1,609.45 15,852 SH DEFINED 2 15,852 0 0
VISA INC COM 92826C839 1,319.89 13,000 SH DEFINED 2 13,000 0 0
WADDELL & REED FINL INC COM 930059100 668.79 27,000 SH DEFINED 2 27,000 0 0
WAL MART STORES INC COM 931142103 2,222.06 37,183 SH DEFINED 2 37,183 0 0
WASHINGTON FED INC COM 938824109 5,456.10 390,000 SH DEFINED 2 390,000 0 0
WASHINGTON FED INC COM 938824109 159.49 11,400 SH DEFINED 2 11,400 0 0
WEBSTER FINL CORP CONN COM 947890109 1,121.45 55,000 SH DEFINED 2 55,000 0 0
WELLS FARGO & CO NEW COM 949746101 2,948.92 107,000 SH DEFINED 2 107,000 0 0
WELLS FARGO & CO NEW COM 949746101 2,788.41 101,176 SH DEFINED 2 101,176 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
----------------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ -----
WELLS FARGO & CO NEW COM 949746101 661.44 24,000 SH DEFINED 2 24,000 0 0
WELLS FARGO ADVANTAGE COM SHS 94987B105 162.80 16,000 SH DEFINED 2 16,000 0 0
WERNER ENTERPRISES INC COM 950755108 319.33 13,250 SH DEFINED 2 13,250 0 0
WESTAR ENERGY INC COM 95709T100 306.51 10,650 SH DEFINED 2 10,650 0 0
WESTERN DIGITAL CORP COM 958102105 514.70 16,675 SH DEFINED 2 16,675 0 0
WESTPORT INNOVATIONS INC COM 960908309 265.92 8,000 SH DEFINED 2 8,000 0 0
WGL HLDGS INC COM 92924F106 9,373.89 211,983 SH DEFINED 2 211,983 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 1,133.65 2,500 SH DEFINED 2 2,500 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 1,086.94 2,397 SH DEFINED 2 2,397 0 0
WHITE RIVER CAPITAL INC COM 96445P105 3,506.02 173,137 SH DEFINED 2 173,137 0 0
WILLIAMS COS INC DEL COM 969457100 26,752.31 810,185 SH DEFINED 2 810,185 0 0
WINTRUST FINANCIAL CORP COM 97650W108 1,402.50 50,000 SH DEFINED 2 50,000 0 0
WISCONSIN ENERGY CORP COM 976657106 3,977.05 113,760 SH DEFINED 2 113,760 0 0
WOLVERINE WORLD WIDE INC COM 978097103 427.68 12,000 SH DEFINED 2 12,000 0 0
WORLD FUEL SVCS CORP COM 981475106 19,520.70 465,000 SH DEFINED 2 465,000 0 0
WRIGHT EXPRESS CORP COM 98233Q105 705.64 13,000 SH DEFINED 2 13,000 0 0
WSFS FINL CORP COM 929328102 3,083.86 85,758 SH DEFINED 2 85,758 0 0
XCEL ENERGY INC COM 98389B100 6,948.61 251,397 SH DEFINED 2 251,397 0 0
YAHOO INC COM 984332106 496.80 30,800 SH DEFINED 2 30,800 0 0
YAMANA GOLD INC COM 98462Y100 173.34 11,800 SH DEFINED 2 11,800 0 0
ZIONS BANCORPORATION COM 989701107 1,377.00 84,600 SH DEFINED 2 84,600 0 0