0001506222-11-000012.txt : 20110829
0001506222-11-000012.hdr.sgml : 20110829
20110829090857
ACCESSION NUMBER: 0001506222-11-000012
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110829
DATE AS OF CHANGE: 20110829
EFFECTIVENESS DATE: 20110829
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sparinvest Asset Management A/S
CENTRAL INDEX KEY: 0001506222
IRS NUMBER: 000000000
STATE OF INCORPORATION: G7
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14194
FILM NUMBER: 111061520
BUSINESS ADDRESS:
STREET 1: KINGOSVEJ 1
CITY: TAASTRUP
STATE: G7
ZIP: 2630
BUSINESS PHONE: 0045 36347430
MAIL ADDRESS:
STREET 1: KINGOSVEJ 1
CITY: TAASTRUP
STATE: G7
ZIP: 2630
13F-HR
1
13fjun2011a.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Sparinvest Fondsmaeglerselskab A/S
Address: Kingosvej
2630 Taastrup, Denmark
Form 13F File Number: 28-
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: Michael Albrechtslund
Title: Managing Director
Phone: +45 36347502
Signature, Place, and Date of Signing:
/s/ Michael Albrechtslund Taastrup, Denmark August 29, 2011
------------------------- ----------------- -----------------
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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-------------
Form 13F Information Table Entry Total: 281
-------------
Form 13F Information Table Value Total: $318.528.870
-------------
(thousands)
List of Other Included Managers:
N/A
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.
N/A
FORM 13F INFORMATION TABLE
03/31/2011
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
---------------------------- ----------------- --------- ---------- ---------------- -------- -------------------------
VOTING AUTHORITY
VALUE SHARES/ SH/ INVSTMNT -------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN DSCRETN SOLE SHARED NONE
---------------------------- ----------------- --------- ---------- ----------- --- -------- ---- ---------- ---------
ROYAL CARIBBEAN CRUISES LTD COM G7127P10 617 16.500 SH SOLE 16.500
ALLIED WORLD ASSURANCE CO COM G6852T10 158 2.772 SH SOLE 2.772
ARGO GROUP INTERNATIONAL COM G0692U10 111 3.800 SH SOLE 3.800
ALTERRA CAPITAL HOLDINGS LTD COM G9829010 69 3.075 SH SOLE 3.075
XL GROUP PLC COM G7496G10 426 19.500 SH SOLE 19.500
AXIS CAPITAL HOLDINGS LTD COM G0538410 610 19.522 SH SOLE 19.522
GENCO SHIPPING & TRADING LTD COM G0450A10 10 1.300 SH SOLE 1.300
NOBLE CORP COM G3223R10 27.252 702.374 SH SOLE 702.374
PARTNERRE LTD COM H5833N10 618 8.931 SH SOLE 8.931
ACE LTD COM H0153110 264 4.000 SH SOLE 4.000
EVEREST RE GROUP LTD COM G4095J10 609 7.400 SH SOLE 7.400
ARCH CAPITAL GROUP LTD COM G9319H10 629 19.500 SH SOLE 19.500
ASPEN INSURANCE HOLDINGS LTD COM V7780T10 77 3.000 SH SOLE 3.000
BUNGE LTD COM D1819089 335 4.900 SH SOLE 4.900
VALIDUS HOLDINGS LTD COM G0229R10 349 11.300 SH SOLE 11.300
DEUTSCHE BANK AG-REGISTERED COM G3039710 808 14.000 SH SOLE 14.000
ENDURANCE SPECIALTY HOLDINGS COM Y2685T10 188 4.539 SH SOLE 4.539
ENERGY XXI BERMUDA COM N.A. 67 2.000 SH SOLE 2.000
GLOBAL INDEMNITY PLC COM N.A. 92 4.202 SH SOLE 4.202
PLATINUM UNDERWRITERS HLDGS COM H8912P10 102 3.076 SH SOLE 3.076
RENAISSANCERE HOLDINGS LTD COM G1696210 684 9.800 SH SOLE 9.800
AGCO CORP COM 00108410 195 4.000 SH SOLE 4.000
AU OPTRONICS CORP-SPON ADR ADR 00225510 87 12.869 SH SOLE 12.869
ADVANCE AUTO PARTS INC COM 00751Y10 201 3.500 SH SOLE 3.500
ADVANCED SEMICONDUCTOR E-ADR ADR 00756M40 297 53.756 SH SOLE 53.756
AFFILIATED MANAGERS GROUP COM 00825210 61 600 SH SOLE 600
AIR METHODS CORP COM 00912830 75 1.000 SH SOLE 1.000
AIR PRODUCTS & CHEMICALS INC COM 00915810 197 2.100 SH SOLE 2.100
ALBEMARLE CORP COM 01265310 75 1.100 SH SOLE 1.100
ALLEGHANY CORP COM 01717510 172 520 SH SOLE 520
ALLSTATE CORP COM 02000210 108 3.543 SH SOLE 3.543
AMERCO COM 02358610 65 700 SH SOLE 700
AMEREN CORPORATION COM 02360810 401 14.000 SH SOLE 14.000
AMERICAN EQUITY INVT LIFE HL COM 02567620 165 13.100 SH SOLE 13.100
AMERICAN NATIONAL INSURANCE COM 02859110 2.190 28.245 SH SOLE 28.245
AMERICAN WATER WORKS CO INC COM 03042010 298 10.000 SH SOLE 10.000
AMERISOURCEBERGEN CORP COM 03073E10 394 9.600 SH SOLE 9.600
AMERIGROUP CORP COM 03073T10 127 1.800 SH SOLE 1.800
AMERIPRISE FINANCIAL INC COM 03076C10 171 3.000 SH SOLE 3.000
AMETEK INC COM 03110010 267 6.000 SH SOLE 6.000
ANIXTER INTERNATIONAL INC COM 03529010 98 1.500 SH SOLE 1.500
ANNALY CAPITAL MANAGEMENT IN COM 03571040 93 5.200 SH SOLE 5.200
APOGEE ENTERPRISES INC COM 03759810 1.662 132.592 SH SOLE 132.592
APOLLO INVESTMENT CORP COM 03761U10 52 5.216 SH SOLE 5.216
APPLE INC COM 03783310 600 1.800 SH SOLE 1.800
ARCTIC CAT INC COM 03967010 1.484 105.697 SH SOLE 105.697
ARES CAPITAL CORP COM 04010L10 97 6.118 SH SOLE 6.118
ARROW ELECTRONICS INC COM 04273510 196 5.000 SH SOLE 5.000
ASCENT CAPITAL GROUP INC-A CL A 04363210 186 3.700 SH SOLE 3.700
ASHFORD HOSPITALITY TRUST COM 04410310 323 26.000 SH SOLE 26.000
ASSURANT INC COM 04621X10 379 10.500 SH SOLE 10.500
AUTOLIV INC COM 05280010 265 3.400 SH SOLE 3.400
AVATAR HOLDINGS INC COM 05349410 56 3.600 SH SOLE 3.600
BALDWIN & LYONS INC -CL B CL B 05775520 35 1.500 SH SOLE 1.500
BALL CORP COM 05849810 494 13.000 SH SOLE 13.000
BANK OF AMERICA CORP COM 06050510 370 33.257 SH SOLE 33.257
BJ'S RESTAURANTS INC COM 09180C10 130 2.500 SH SOLE 2.500
BLACK BOX CORP COM 09182610 151 5.000 SH SOLE 5.000
BLACK HILLS CORP COM 09211310 91 3.000 SH SOLE 3.000
BOISE INC COM 09746Y10 115 15.000 SH SOLE 15.000
BORGWARNER INC COM 09972410 280 3.500 SH SOLE 3.500
BOSTON SCIENTIFIC CORP COM 10113710 346 50.000 SH SOLE 50.000
BROWN-FORMAN CORP-CLASS B CL B 11563720 206 2.800 SH SOLE 2.800
CF INDUSTRIES HOLDINGS INC COM 12526910 268 1.800 SH SOLE 1.800
CSS INDUSTRIES INC COM 12590610 41 2.000 SH SOLE 2.000
CSX CORP COM 12640810 309 12.000 SH SOLE 12.000
CABOT MICROELECTRONICS CORP COM 12709P10 41 900 SH SOLE 900
CAPITAL ONE FINANCIAL CORP COM 14040H10 287 5.500 SH SOLE 5.500
CAPITAL SOUTHWEST CORP COM 14050110 122 1.333 SH SOLE 1.333
CARBO CERAMICS INC COM 14078110 80 500 SH SOLE 500
CARMAX INC COM 14313010 246 7.500 SH SOLE 7.500
CATERPILLAR INC COM 14912310 258 2.500 SH SOLE 2.500
CATHAY GENERAL BANCORP COM 14915010 115 7.000 SH SOLE 7.000
CENTURYLINK INC COM 15670010 559 13.900 SH SOLE 13.900
CHEMED CORP COM 16359R10 52 800 SH SOLE 800
CHUBB CORP COM 17123210 312 5.000 SH SOLE 5.000
CHUNGHWA TELECOM LTD-ADR ADR 17133Q50 115 3.373 SH SOLE 3.373
CINCINNATI FINANCIAL CORP COM 17206210 434 15.000 SH SOLE 15.000
CITIGROUP INC COM 17296742 201 4.859 SH SOLE 4.859
CITRIX SYSTEMS INC COM 17737610 274 3.500 SH SOLE 3.500
CLEAN HARBORS INC COM 18449610 51 500 SH SOLE 500
COCA-COLA CO/THE COM 19121610 466 7.000 SH SOLE 7.000
COEUR D'ALENE MINES CORP COM 19210850 73 3.000 SH SOLE 3.000
COGNIZANT TECH SOLUTIONS-A CL A 19244610 233 3.200 SH SOLE 3.200
COMCAST CORP-SPECIAL CL A CL A 20030N20 475 20.000 SH SOLE 20.000
COMERICA INC COM 20034010 325 9.500 SH SOLE 9.500
COMPLETE PRODUCTION SERVICES COM 20453E10 130 4.000 SH SOLE 4.000
COMPUTER SCIENCES CORP COM 20536310 269 7.200 SH SOLE 7.200
CONCHO RESOURCES INC COM 20605P10 72 800 SH SOLE 800
CONSTELLATION ENERGY GROUP COM 21037110 492 13.000 SH SOLE 13.000
CORE-MARK HOLDING CO INC COM 21868110 104 3.000 SH SOLE 3.000
CORNING INC COM 21935010 14.704 833.346 SH SOLE 833.346
COSTCO WHOLESALE CORP COM 22160K10 240 3.000 SH SOLE 3.000
COSTAR GROUP INC COM 22160N10 41 700 SH SOLE 700
COVENTRY HEALTH CARE INC COM 22286210 710 19.500 SH SOLE 19.500
CREDIT ACCEPTANCE CORP COM 22531010 73 900 SH SOLE 900
CUMMINS INC COM 23102110 454 4.500 SH SOLE 4.500
DTE ENERGY COMPANY COM 23333110 879 17.609 SH SOLE 17.609
DARLING INTERNATIONAL INC COM 23726610 65 3.500 SH SOLE 3.500
DECKERS OUTDOOR CORP COM 24353710 157 1.800 SH SOLE 1.800
DEERE & CO COM 24419910 247 3.000 SH SOLE 3.000
DICK'S SPORTING GOODS INC COM 25339310 77 2.000 SH SOLE 2.000
DIRECTV-CLASS A CL A 25490A10 545 10.882 SH SOLE 10.882
DOLLAR THRIFTY AUTOMOTIVE GP COM 25674310 88 1.200 SH SOLE 1.200
DOVER CORP COM 26000310 232 3.500 SH SOLE 3.500
DUKE ENERGY CORP COM 26441C10 712 37.955 SH SOLE 37.955
EMC CORP/MASS COM 26864810 208 7.700 SH SOLE 7.700
EASTMAN CHEMICAL CO COM 27743210 202 2.000 SH SOLE 2.000
ECHOSTAR CORP-A CL A 27876810 239 6.600 SH SOLE 6.600
EDISON INTERNATIONAL COM 28102010 251 6.500 SH SOLE 6.500
EDWARDS LIFESCIENCES CORP COM 28176E10 598 7.000 SH SOLE 7.000
EL PASO CORP COM 28336L10 164 8.200 SH SOLE 8.200
EQUITY RESIDENTIAL COM 29476L10 252 4.200 SH SOLE 4.200
ESTERLINE TECHNOLOGIES CORP COM 29742510 128 1.700 SH SOLE 1.700
FMC CORP COM 30249130 214 2.500 SH SOLE 2.500
FIFTH THIRD BANCORP COM 31677310 97 7.644 SH SOLE 7.644
FIRST AMERICAN FINANCIAL COM 31847R10 117 7.400 SH SOLE 7.400
FIRST CITIZENS BCSHS -CL A CL A 31946M10 93 500 SH SOLE 500
FIRST MERCHANTS CORP COM 32081710 27 3.000 SH SOLE 3.000
FISERV INC COM 33773810 136 2.200 SH SOLE 2.200
FOSSIL INC COM 34988210 70 600 SH SOLE 600
FOSTER (LB) CO-A CL A 35006010 35 1.100 SH SOLE 1.100
FRED'S INC-CLASS A CL A 35610810 4.386 308.100 SH SOLE 308.100
FRISCH'S RESTAURANTS INC COM 35874810 503 20.976 SH SOLE 20.976
GARDNER DENVER INC COM 36555810 124 1.500 SH SOLE 1.500
GEN-PROBE INC COM 36866T10 69 1.000 SH SOLE 1.000
GENESEE & WYOMING INC-CL A CL A 37155910 58 1.000 SH SOLE 1.000
GENWORTH FINANCIAL INC-CL A CL A 37247D10 102 10.000 SH SOLE 10.000
GIBRALTAR INDUSTRIES INC COM 37468910 129 12.000 SH SOLE 12.000
GOODRICH CORP COM 38238810 187 2.000 SH SOLE 2.000
WW GRAINGER INC COM 38480210 469 3.100 SH SOLE 3.100
HANGER ORTHOPEDIC GROUP INC COM 41043F20 74 3.000 SH SOLE 3.000
HANOVER INSURANCE GROUP INC/ COM 41086710 56 1.500 SH SOLE 1.500
HARTFORD FINANCIAL SVCS GRP COM 41651510 204 7.855 SH SOLE 7.855
HEICO CORP COM 42280610 54 1.000 SH SOLE 1.000
HORACE MANN EDUCATORS COM 44032710 138 8.956 SH SOLE 8.956
HORMEL FOODS CORP COM 44045210 439 14.800 SH SOLE 14.800
HOSPITALITY PROPERTIES TRUST COM 44106M10 61 2.500 SH SOLE 2.500
HURCO COMPANIES INC COM 44732410 77 2.400 SH SOLE 2.400
IPC THE HOSPITALIST CO COM 44984A10 46 1.000 SH SOLE 1.000
IBERIABANK CORP COM 45082810 35 600 SH SOLE 600
IMATION CORP COM 45245A10 36 3.900 SH SOLE 3.900
INFINITY PROPERTY & CASUALTY COM 45665Q10 55 1.000 SH SOLE 1.000
INNOPHOS HOLDINGS INC COM 45774N10 73 1.500 SH SOLE 1.500
INTL BUSINESS MACHINES CORP COM 45920010 217 1.276 SH SOLE 1.276
INTL SPEEDWAY CORP-CL A CL A 46033520 11.494 401.630 SH SOLE 401.630
ITC HOLDINGS CORP COM 46568510 65 900 SH SOLE 900
JPMORGAN CHASE & CO COM 46625H10 1.146 28.379 SH SOLE 28.379
JOS A BANK CLOTHIERS INC COM 48083810 89 1.800 SH SOLE 1.800
KB FINANCIAL GROUP INC-ADR ADR 48241A10 352 7.400 SH SOLE 7.400
KT CORP-SP ADR ADR 48268K10 159 8.300 SH SOLE 8.300
KAISER ALUMINUM CORP COM 48300770 226 4.200 SH SOLE 4.200
KANSAS CITY LIFE INS CO COM 48483610 37 1.200 SH SOLE 1.200
KANSAS CITY SOUTHERN COM 48517030 103 1.800 SH SOLE 1.800
KELLY SERVICES INC -A CL A 48815220 137 8.400 SH SOLE 8.400
KEYCORP COM 49326710 182 22.000 SH SOLE 22.000
KIMBALL INTERNATIONAL-B CL B 49427410 22 3.500 SH SOLE 3.500
KINDRED HEALTHCARE INC COM 49458010 183 8.500 SH SOLE 8.500
KINETIC CONCEPTS INC COM 49460W20 86 1.500 SH SOLE 1.500
KOREA ELEC POWER CORP-SP ADR ADR 50063110 65 4.900 SH SOLE 4.900
LAS VEGAS SANDS CORP COM 51783410 208 5.000 SH SOLE 5.000
LATTICE SEMICONDUCTOR CORP COM 51841510 96 15.000 SH SOLE 15.000
LIBERTY GLOBAL INC-A CL A 53055510 442 10.000 SH SOLE 10.000
LIBERTY MEDIA CORP-CAP SER A COM 53071M30 164 2.000 SH SOLE 2.000
LIFEPOINT HOSPITALS INC COM 53219L10 85 2.200 SH SOLE 2.200
LIMITED BRANDS INC COM 53271610 266 7.000 SH SOLE 7.000
LINCOLN NATIONAL CORP COM 53418710 323 11.500 SH SOLE 11.500
LOEWS CORP COM 54042410 328 7.800 SH SOLE 7.800
LUFKIN INDUSTRIES INC COM 54976410 119 1.400 SH SOLE 1.400
MBIA INC COM 55262C10 43 5.000 SH SOLE 5.000
MSC INDUSTRIAL DIRECT CO-A COM 55353010 68 1.000 SH SOLE 1.000
MTS SYSTEMS CORP COM 55377710 37 900 SH SOLE 900
MVC CAPITAL INC COM 55382910 134 10.145 SH SOLE 10.145
MWI VETERINARY SUPPLY INC COM 55402X10 153 1.900 SH SOLE 1.900
STEVEN MADDEN LTD COM 55626910 75 2.025 SH SOLE 2.025
MAXIMUS INC COM 57793310 66 800 SH SOLE 800
MCCORMICK & CO-NON VTG SHRS COM 57978020 112 2.200 SH SOLE 2.200
MEASUREMENT SPECIALTIES INC COM 58342110 70 2.000 SH SOLE 2.000
METLIFE INC COM 59156R10 405 9.335 SH SOLE 9.335
METROPCS COMMUNICATIONS INC COM 59170810 258 15.000 SH SOLE 15.000
MICRON TECHNOLOGY INC COM 59511210 112 15.000 SH SOLE 15.000
MIDDLEBY CORP COM 59627810 74 800 SH SOLE 800
MOLSON COORS BREWING CO -B CL B 60871R20 179 4.000 SH SOLE 4.000
MORGAN STANLEY COM 61744644 489 20.938 SH SOLE 20.938
NGP CAPITAL RESOURCES CO COM 62912R10 49 6.000 SH SOLE 6.000
NASDAQ OMX GROUP/THE COM 63110310 188 7.500 SH SOLE 7.500
NATIONAL OILWELL VARCO INC COM 63707110 151 2.000 SH SOLE 2.000
NATL WESTERN LIFE INS-CL A CL A 63852210 1.062 6.666 SH SOLE 6.666
NAVIGATORS GROUP INC COM 63890410 61 1.300 SH SOLE 1.300
NATUZZI SPA-SP ADR ADR 63905A10 1.670 476.718 SH SOLE 476.718
NISOURCE INC COM 65473P10 503 25.000 SH SOLE 25.000
NORDSON CORP COM 65566310 129 2.400 SH SOLE 2.400
NORTHSTAR REALTY FINANCE COR COM 66704R10 17 4.179 SH SOLE 4.179
OM GROUP INC COM 67087210 60 1.500 SH SOLE 1.500
OYO GEOSPACE CORP COM 67107410 129 1.300 SH SOLE 1.300
OLD REPUBLIC INTL CORP COM 68022310 374 31.925 SH SOLE 31.925
OMNICARE INC COM 68190410 688 22.000 SH SOLE 22.000
OWENS CORNING COM 69074210 111 3.000 SH SOLE 3.000
PHH CORP COM 69332020 100 5.000 SH SOLE 5.000
POSCO-ADR ADR 69348310 204 1.900 SH SOLE 1.900
PNM RESOURCES INC COM 69349H10 182 11.000 SH SOLE 11.000
PPG INDUSTRIES INC COM 69350610 311 3.500 SH SOLE 3.500
PAPA JOHN'S INTL INC COM 69881310 66 2.000 SH SOLE 2.000
PATTERSON-UTI ENERGY INC COM 70348110 25.241 841.525 SH SOLE 841.525
J.C. PENNEY CO INC COM 70816010 20.700 593.529 SH SOLE 593.529
PEPCO HOLDINGS INC COM 71329110 565 29.000 SH SOLE 29.000
PETSMART INC COM 71676810 459 10.100 SH SOLE 10.100
PINNACLE WEST CAPITAL COM 72348410 466 10.500 SH SOLE 10.500
PIONEER NATURAL RESOURCES CO COM 72378710 355 4.000 SH SOLE 4.000
PRAXAIR INC COM 74005P10 162 1.500 SH SOLE 1.500
PROASSURANCE CORP COM 74267C10 42 600 SH SOLE 600
PROVIDENT FINANCIAL SERVICES COM 74386T10 142 10.000 SH SOLE 10.000
PRUDENTIAL FINANCIAL INC COM 74432010 170 2.700 SH SOLE 2.700
RAIT FINANCIAL TRUST COM 74922760 8 4.000 SH SOLE 4.000
RADIOSHACK CORP COM 75043810 5.127 396.841 SH SOLE 396.841
RED ROBIN GOURMET BURGERS COM 75689M10 55 1.500 SH SOLE 1.500
REGIONS FINANCIAL CORP COM 7591EP10 276 45.000 SH SOLE 45.000
REINSURANCE GROUP OF AMERICA COM 75935160 164 2.700 SH SOLE 2.700
ROPER INDUSTRIES INC COM 77669610 239 2.900 SH SOLE 2.900
ROSETTA RESOURCES INC COM 77777930 77 1.500 SH SOLE 1.500
ROVI CORP COM 77937610 125 2.200 SH SOLE 2.200
ROWAN COMPANIES INC COM 77938210 570 15.000 SH SOLE 15.000
SAFETY INSURANCE GROUP INC COM 78648T10 158 3.800 SH SOLE 3.800
SANDY SPRING BANCORP INC COM 80036310 44 2.500 SH SOLE 2.500
SCHOLASTIC CORP COM 80706610 17.162 655.877 SH SOLE 655.877
SEABRIGHT HOLDINGS INC COM 81165610 87 9.025 SH SOLE 9.025
SEACOR HOLDINGS INC COM 81190410 183 1.889 SH SOLE 1.889
SHINHAN FINANCIAL GROUP-ADR ADR 82459610 334 3.500 SH SOLE 3.500
SKYWEST INC COM 83087910 93 6.216 SH SOLE 6.216
SPRINT NEXTEL CORP COM 85206110 572 110.000 SH SOLE 110.000
SUNOCO INC COM 86764P10 189 4.600 SH SOLE 4.600
SUNTRUST BANKS INC COM 86791410 403 15.712 SH SOLE 15.712
SUPERIOR INDUSTRIES INTL COM 86816810 1 49 SH SOLE 49
SUSQUEHANNA BANCSHARES INC COM 86909910 40 5.000 SH SOLE 5.000
SUSSER HOLDINGS CORP COM 86923310 48 3.000 SH SOLE 3.000
SYNOVUS FINANCIAL CORP COM 87161C10 42 20.000 SH SOLE 20.000
TRW AUTOMOTIVE HOLDINGS CORP COM 87264S10 421 7.200 SH SOLE 7.200
TAIWAN SEMICONDUCTOR-SP ADR ADR 87403910 151 12.267 SH SOLE 12.267
TECH DATA CORP COM 87823710 167 3.500 SH SOLE 3.500
TECUMSEH PRODUCTS CO-CLASS A CL A 87889520 61 6.000 SH SOLE 6.000
TESORO CORP COM 88160910 155 7.000 SH SOLE 7.000
TEXAS INSTRUMENTS INC COM 88250810 191 6.000 SH SOLE 6.000
TIDEWATER INC COM 88642310 23.475 440.776 SH SOLE 440.776
TIME WARNER INC COM 88731730 717 19.899 SH SOLE 19.899
TIME WARNER CABLE COM 88732J20 209 2.700 SH SOLE 2.700
TITAN INTERNATIONAL INC COM 88830M10 94 4.000 SH SOLE 4.000
TRACTOR SUPPLY COMPANY COM 89235610 160 2.400 SH SOLE 2.400
TRANSATLANTIC HOLDINGS INC COM 89352110 217 4.400 SH SOLE 4.400
TRAVELERS COS INC/THE COM 89417E10 22.948 392.406 SH SOLE 392.406
TRIMBLE NAVIGATION LTD COM 89623910 35 900 SH SOLE 900
TRIQUINT SEMICONDUCTOR INC COM 89674K10 40 4.000 SH SOLE 4.000
TUESDAY MORNING CORP COM 89903550 1.304 290.196 SH SOLE 290.196
URS CORP COM 90323610 123 2.800 SH SOLE 2.800
UMPQUA HOLDINGS CORP COM 90421410 93 8.136 SH SOLE 8.136
UNION PACIFIC CORP COM 90781810 442 4.300 SH SOLE 4.300
UNITED COMMUNITY BANKS/GA COM 90984P30 8 818 SH SOLE 818
UNITED MICROELECTRON-SP ADR ADR 91087340 242 96.453 SH SOLE 96.453
UNIVERSAL AMERICAN CORP COM 91338E10 33 3.000 SH SOLE 3.000
UNUM GROUP COM 91529Y10 547 21.700 SH SOLE 21.700
VALERO ENERGY CORP COM 91913Y10 24.683 990.801 SH SOLE 990.801
VIACOM INC-CLASS B CL B 92553P20 303 6.000 SH SOLE 6.000
VIRGIN MEDIA INC COM 92769L10 249 8.000 SH SOLE 8.000
VISHAY INTERTECHNOLOGY INC COM 92829810 17.482 1.173.575 SH SOLE 1.173.575
WSFS FINANCIAL CORP COM 92932810 46 1.200 SH SOLE 1.200
WALTER INVESTMENT MANAGEMENT COM 93317W10 73 3.500 SH SOLE 3.500
WATSON PHARMACEUTICALS INC COM 94268310 626 9.200 SH SOLE 9.200
WEBSTER FINANCIAL CORP COM 94789010 182 8.700 SH SOLE 8.700
WEIS MARKETS INC COM 94884910 644 16.011 SH SOLE 16.011
WELLPOINT INC COM 94973V10 925 11.700 SH SOLE 11.700
WERNER ENTERPRISES INC COM 95075510 14.087 568.448 SH SOLE 568.448
WESCO FINANCIAL CORP COM 95081710 77 200 SH SOLE 200
WESCO INTERNATIONAL INC COM 95082P10 52 1.000 SH SOLE 1.000
WESTERN DIGITAL CORP COM 95810210 23.467 654.136 SH SOLE 654.136
WHITING PETROLEUM CORP COM 96638710 167 3.000 SH SOLE 3.000
WHOLE FOODS MARKET INC COM 96683710 171 2.700 SH SOLE 2.700
CLAYTON WILLIAMS ENERGY INC COM 96949010 60 1.000 SH SOLE 1.000
WINTRUST FINANCIAL CORP COM 97650W10 72 2.270 SH SOLE 2.270
WOORI FINANCE HOLDINGS-ADR ADR 98106310 526 13.500 SH SOLE 13.500
WORLD ACCEPTANCE CORP COM 98141910 79 1.200 SH SOLE 1.200
ZIONS BANCORPORATION COM 98970110 233 9.700 SH SOLE 9.700
ZOLL MEDICAL CORP COM 98992210 112 2.000 SH SOLE 2.000